IE00B1FZSC47Ticker: ITPS (Borsa Italiana) · IUST (Xetra) · ITPS (London SE) · TPSA (Euronext AMS) · ITPS (SIX)Issuer: iSharesNorth America Bonds tracking the BBG US Government Inflation-Linked Bond Index (USD), physical, optimised replication, accumulating. Share class in US dollars (USD).
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iShares $ TIPS UCITS ETF tracks the issuer-declared index: BBG US Government Inflation-Linked Bond Index (USD). The declared annual cost (TER) is 0.10%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is accumulated and reinvested in the fund. The fund has assets of about 3.3 billion euro, was launched on 8 December 2006 and is domiciled in Ireland.
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg US Government Inflation-Linked Bond Index, the Fund’s benchmark index (Index).
Keep reading the KID section ▾
The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in fixed income (FI) securities (such as bonds) that make up the Index. The Index measures the performance of the United States Treasury Inflation Protected Bond market (US TIPS). It comprises inflation-linked bonds issued by the US Treasury. Inflation-linked bonds have a principal value that is protected against inflation. The bonds will be denominated in US Dollars and pay coupon (i.e. interest) and principal in US Dollars. The bonds will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness) so long as the United States maintains its investment grade credit rating. The Index only includes capital indexed bonds with a remaining maturity (i.e. the period until repayment) of one year or more and a minimum amount outstanding of US$500 million. The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.
The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).
The depositary of the Fund is The Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares II plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.
Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.
Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).
Insurance benefits:The Fund does not offer any insurance benefits.
Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 09 Nov 2021 | 06 Oct 2023 | -15.20% | ongoing | 1,802 |
| 10 Mar 2008 | 24 Nov 2008 | -14.55% | 07 Oct 2009 | 576 |
| 10 Dec 2012 | 05 Sept 2013 | -11.77% | 22 Mar 2019 | 2,293 |
| 06 Mar 2020 | 18 Mar 2020 | -10.06% | 23 Jun 2020 | 109 |
| 14 Oct 2010 | 10 Feb 2011 | -5.72% | 19 Apr 2011 | 187 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.3 | 1.4 | -1.4 | 1.1 | 0.3 | -0.5 | -0.8 | 0.1 | -2.7 | 1.5 | -0.8 | ||
| 2025 | 1.3 | 2.3 | 0.5 | 0.0 | -0.6 | 1.0 | 0.1 | 1.5 | 0.5 | 0.4 | 0.1 | -0.4 | 6.9 |
| 2024 | 0.2 | -1.1 | 0.8 | -1.8 | 1.8 | 0.7 | 1.8 | 0.8 | 1.5 | -1.8 | 0.5 | -1.6 | 1.7 |
| 2023 | 1.9 | -1.4 | 2.9 | 0.1 | -1.2 | -0.3 | 0.1 | -0.9 | -1.9 | -0.8 | 2.8 | 2.7 | 3.8 |
| 2022 | -2.2 | 0.8 | -1.9 | -2.2 | -1.2 | -3.3 | 4.5 | -2.7 | -6.9 | 1.2 | 1.9 | -1.0 | -12.7 |
| 2021 | 0.3 | -1.9 | -0.3 | 1.5 | 1.2 | 0.7 | 2.8 | -0.2 | -0.8 | 1.2 | 1.0 | 0.3 | 5.9 |
| 2020 | 2.2 | 1.5 | -1.8 | 2.9 | 0.2 | 1.1 | 2.5 | 1.0 | -0.4 | -0.7 | 1.2 | 1.1 | 11.3 |
| 2019 | 1.4 | -0.0 | 1.9 | 0.3 | 1.8 | 0.8 | 0.4 | 2.6 | -1.5 | 0.2 | 0.2 | 0.3 | 8.5 |
| 2018 | -0.9 | -1.1 | 1.1 | -0.1 | 0.4 | 0.4 | -0.5 | 0.7 | -1.1 | -1.6 | 0.5 | 0.5 | -1.6 |
| 2017 | 0.9 | 0.5 | -0.1 | 0.6 | -0.0 | -1.0 | 0.4 | 1.1 | -0.7 | 0.2 | 0.2 | 1.0 | 3.2 |
| 2016 | 1.5 | 1.2 | 1.9 | 0.4 | -0.8 | 2.2 | 1.0 | -0.4 | 0.5 | -0.5 | -2.0 | -0.2 | 4.7 |
| 2015 | 3.3 | -1.3 | -0.5 | 0.7 | -0.9 | -1.1 | 0.3 | -0.9 | -0.7 | 0.3 | -0.1 | -0.9 | -1.9 |
| 2014 | 2.2 | 0.5 | -0.5 | 1.5 | 2.2 | 0.3 | 0.1 | 0.5 | -2.7 | 1.0 | 0.3 | -1.0 | 4.3 |
| 2013 | -0.8 | 0.0 | 0.2 | 0.9 | -4.7 | -3.8 | 0.7 | -1.5 | 1.5 | 0.6 | -1.2 | -1.5 | -9.4 |
| 2012 | 2.3 | -0.4 | -1.2 | 2.1 | 1.8 | -0.6 | 2.0 | -0.4 | 0.5 | 0.9 | 0.5 | -0.7 | 7.0 |
| 2011 | 0.1 | 0.9 | 1.0 | 2.5 | 0.3 | 0.8 | 4.0 | 0.9 | -0.2 | 1.9 | 0.8 | 0.0 | 13.8 |
| 2010 | 1.6 | -1.2 | 0.2 | 2.4 | -0.0 | 1.4 | 0.1 | 1.8 | 0.6 | 2.7 | -1.8 | -1.6 | 6.1 |
| 2009 | 0.8 | -2.0 | 6.0 | -2.1 | 2.0 | 0.5 | 0.1 | 0.8 | 2.1 | 1.2 | 2.8 | -2.2 | 10.2 |
| 2008 | 3.8 | 1.3 | -0.0 | -2.1 | 0.1 | 1.6 | -0.7 | 1.0 | -4.0 | -8.3 | 1.1 | 4.8 | -2.0 |
| 2007 | 0.1 | 2.1 | 0.2 | 0.7 | -1.2 | -0.2 | 2.3 | 0.9 | 1.2 | 1.1 | 4.0 | -0.2 | 11.3 |
| Year | Fund | Index | Difference (pt) |
|---|---|---|---|
| 2025 | +6.86% | +6.87% | -0.01 pt |
| 2024 | +1.73% | +1.76% | -0.03 pt |
| 2023 | +3.78% | +3.84% | -0.06 pt |
| 2022 | -12.68% | -12.60% | -0.08 pt |
| 2021 | +5.92% | +6.00% | -0.08 pt |
| 2020 | +11.30% | +11.55% | -0.25 pt |
| 2019 | +8.55% | +8.75% | -0.21 pt |
| 2018 | -1.62% | -1.48% | -0.14 pt |
| 2017 | +3.18% | +3.30% | -0.12 pt |
| 2016 | +4.68% | +4.85% | -0.17 pt |
| Last year | Last 3 years | Last 5 years | Last 10 years | Full history | |
|---|---|---|---|---|---|
| Volatility (ann.) | 6.35% | 7.74% | 9.71% | 8.96% | 10.51% |
| Max drawdown | -3.93% | -11.08% | -15.37% | -16.22% | -20.15% |
| Sharpe | -0.01 | -0.07 | -0.16 | 0.12 | 0.30 |
| Sortino | -0.01 | -0.10 | -0.23 | 0.17 | 0.44 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: product page iShares, data as of 15 October 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.
Source: product page iShares, data as of 15 October 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.
| Share class | ISIN | Ticker | Income | Currency |
|---|---|---|---|---|
| GBP Hedged (Acc) | IE000B3NURO6 | ITPA | Accumulating | GBP |
| USD (Dist) | IE000F6XDNZ5 | ITPD | Distributing | USD |
| USD (Acc) · this page | IE00B1FZSC47 | ITPS | Accumulating | USD |
| GBP Hedged (Dist) | IE00BDZVH859 | ITPG | Distributing | GBP |
| EUR Hedged (Acc) | IE00BDZVH966 | ITPE | Accumulating | EUR |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE00B1FZSC47ITPS(class: USD (Acc))IE00BDZVH966IBC5(class: EUR Hedged (Acc))Official lists verified on 15 October 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Exchange source | Registered since |
|---|---|---|---|
| Borsa Italiana (ETFplus) | ITPSfrom tax document | ESMA register (FIRDS) | 3 Nov 2008 |
| Börse Düsseldorf | IUSTfrom mapping | ESMA register (FIRDS) | 15 Oct 2014 |
| Börse Frankfurt | IUSTfrom mapping | ESMA register (FIRDS) | 13 Oct 2014 |
| Börse Hamburg | IUSTfrom mapping | ESMA register (FIRDS) | 14 Oct 2014 |
| Börse Hannover | IUSTfrom mapping | ESMA register (FIRDS) | 21 Dec 2022 |
| Börse München / gettex | IUSTfrom mapping | ESMA register (FIRDS) | 6 Nov 2014 |
| Börse Stuttgart | IUSTfrom mapping | ESMA register (FIRDS) | 13 Oct 2014 |
| Euronext Amsterdam | TPSAfrom tax document | ESMA register (FIRDS) | 21 Nov 2008 |
| London Stock Exchange | ITPSfrom tax document | issuer’s tax document (exchange outside the FIRDS perimeter) | — |
| SIX Swiss Exchange | ITPSfrom tax document | issuer’s tax document (exchange outside the FIRDS perimeter) | — |
| Tradegate Exchange | IUSTfrom mapping | ESMA register (FIRDS) | 13 Oct 2014 |
| Xetra (Deutsche Börse) | IUSTfrom tax document | ESMA register (FIRDS) | 13 Oct 2014 |