Overview
US Treasury Inflation-Protected Securities across all maturities — principal that adjusts upward with CPI, the direct hedge against inflation surprises.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| TIPS | US TIPS, all maturities | 100% |
Fund Details
Investment Thesis
TIP pays you realised inflation plus a real rate, making it the only bond fund whose principal is contractually protected from CPI. The catch that surprised everyone in 2022: TIPS still carry duration, so when real rates spiked, TIP fell double digits even as inflation raged — it hedges inflation, not rising rates. Held to policy-cycle horizons, it does exactly what it says; traded on inflation headlines, it disappoints.
Who It's For
Long-horizon investors protecting purchasing power — retirement portfolios especially — who understand the duration caveat. Pairs with nominal Treasuries to split the inflation/rates bet.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $99.53 | -- |
| 2017 | $100.92 | +1.4% |
| 2018 | $98.29 | -2.6% |
| 2019 | $104.59 | +6.4% |
| 2020 | $113.89 | +8.9% |
| 2021 | $118.56 | +4.1% |
| 2022 | $102.44 | -13.6% |
| 2023 | $104.08 | +1.6% |
| 2024 | $103.45 | -0.6% |
| 2025 | $105.94 | +2.4% |
| Year | Yield |
|---|---|
| 2016 | 2.40% |
| 2017 | 2.40% |
| 2018 | 2.60% |
| 2019 | 2.40% |
| 2020 | 1.20% |
| 2021 | 0.90% |
| 2022 | 5.80% |
| 2023 | 6.90% |
| 2024 | 3.90% |
| 2025 | 4.47% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $18B | -- |
| 2017 | $18B | +0.0% |
| 2018 | $17B | -5.6% |
| 2019 | $17B | +0.0% |
| 2020 | $17B | +0.0% |
| 2021 | $16B | -5.9% |
| 2022 | $16B | +0.0% |
| 2023 | $16B | +0.0% |
| 2024 | $15B | -6.2% |
| 2025 | $15B | +0.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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