Key stats
About iShares Trust iShares iBonds Oct 2034 Term TIPS ETF
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Inception date
May 22, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
IBIK is part of iShares TIPS Term Bond suite. The fund tracks the performance of a held-to-maturity portfolio consisting of market value-weighted US Treasury inflation-protected securities with maturities between January 1, 2034, and October 15, 2034. Instead of the perpetual maturity range of a typical bond fund, IBIK provides exposure to a specific maturity date, similar to an individual bond. As the fund approaches its maturity date, duration and YTM will continue to decline. On its target date, the fund will unwind and return capital to shareholders. This structure permits the fund to be used as a building block for a bond ladder, or to plan for a future need. The underlying index rebalances on the last calendar day of each month.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.07%
Cash0.93%
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