ETF Evaluator:
iShares iBonds Oct 2034 Term TIPS ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Target Maturity Over the Last Year
| 6.0% | iShares iBonds 2030 Term Hi Yld & IncETF (IBHJ) |
| 5.6% | Invesco BulletShares 2030 HY Corp Bd ETF (BSJU) |
| 5.4% | iShares iBonds 2029 Term HY & Inc ETF (IBHI) |
| 5.3% | iShares iBonds 2028 Term HY & Inc ETF (IBHH) |
| 5.2% | Invesco BulletShares 2028 HY Corp Bd ETF (BSJS) |
Risk
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Risk
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ETF Details
iShares iBonds Oct 2034 Term TIPS ETF Overview
iShares iBonds Oct 2034 Term TIPS ETF (IBIK) is a passively managed Taxable Bond Target Maturity exchange-traded fund (ETF). iShares launched the ETF in 2024.
The investment seeks to track the investment results of the ICE 2034 Maturity U.S. Inflation-Linked Treasury Index.
The fund seeks to track the investment results of the underlying index, which consists of inflation-protected public obligations of the U.S. Treasury, commonly known as “TIPS,” that are scheduled to mature between January 1, 2034 and October 15, 2034, inclusive. It will invest at least 80% of its assets in the component securities of the underlying index.
About iShares iBonds Oct 2034 Term TIPS ETF (IBIK)
There are 3 members of the management team with an average tenure of 1.40 years: James Mauro (2024), Jonathan Graves (2025) and Marcus Tom (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and ICE 2034 Maturity US IL Treasury TR USD index with a weighting of 100%. iShares iBonds Oct 2034 Term TIPS ETF has 4 securities in its portfolio. The top 10 holdings constitute 100.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares iBonds Oct 2034 Term TIPS ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares iBonds Oct 2034 Term TIPS ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (100.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares iBonds Oct 2034 Term TIPS ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $86 million in total assets, which is below the $585 million average for the Target Maturity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IBIK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares iBonds Oct 2034 Term TIPS ETF expense ratio is low compared to funds in the Target Maturity category. iShares iBonds Oct 2034 Term TIPS ETF has an expense ratio of 0.10%, which is 38% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares iBonds Oct 2034 Term TIPS ETF has a portfolio turnover rate of 50%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Target Maturity category.
Recently, in the month of July 2026, iShares iBonds Oct 2034 Term TIPS ETF returned -0.6%, which earned it a grade of C, as the Target Maturity category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares iBonds Oct 2034 Term TIPS ETF has a trailing yield of 5.60%, which is above the 5.56% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares iBonds Oct 2034 Term TIPS ETF Grades
Year to date, the ETF has returned 0.7%, 0.5 percentage points better than the category, which translates into a grade of C. The fund has returned 3.2% over the past year (grade of C).
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IBIK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IBIK Return (NAV) | -0.6% | -1.1% | 3.2% | na | na | na |
| IBIK Return (Price) | -0.9% | -1.3% | 3.1% | na | na | na |
| NAV +/- Price Return | 0.222% | 0.164% | 0.141% | na | na | na |
| Target Maturity Avg | -0.8% | -0.4% | 3.1% | 5.7% | 1.2% | na |
| IBIK Grade (NAV) | C | D | C | na | na | na |
| +/- Category (NAV) | 0.2% | -0.7% | 0.2% | na | na | na |
| IBIK Tax-Cost Ratio | na | na | 2.2% | na | na | na |
IBIK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IBIK Return (NAV) | 0.7% | 8.8% | na | na | na | na | na | na | na | na | na |
| IBIK Return (Price) | 0.5% | 8.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.296% | 0.003% | na | na | na | na | na | na | na | na | na |
| Target Maturity Avg | 0.2% | 7.4% | 4.1% | 8.3% | -11.8% | -1.1% | 8.8% | 15.4% | -2.6% | 5.7% | na |
| IBIK Grade (NAV) | C | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.5% | 1.4% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 5.6% |
| Total Assets: | $ 86 Mil |
| Share Class Assets: | $ 86 Mil |
| Turnover: | 50.0% |
| Expense Ratio: | 0.10% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.2 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Mauro James (2024), Graves Jonathan (2025), Tom Marcus (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 100.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 100.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | May 22, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.10% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.16% |
