LBUTTRUU Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L)
The Index is composed of inflation-protected U.S. Treasury bonds, commonly known as “TIPS”. TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS are income-generating instruments whose interest and principal payments are adjusted for inflation.y. The inflation adjustment, which is typically applied monthly to the principal of the bond, follows a designated inflation index, the consumer price index (“CPI”), and TIPS’ principal payments are adjusted according to changes in the CPI. A fixed coupon rate is applied to the inflation-adjusted principal so that as inflation rises, both the principal value and the interest payments increase. The Index includes all publicly-issued U.S. TIPS that have at least one year remaining to maturity and have $300 million or more of outstanding face value.
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As of 11/28/2023
Index Information
Provider: Bloomberg
Category1: US Fixed Income
Category2: U.S. treasury bonds
Category3: Inflation-Protected
Country: USA
Currency: USD
Inception date: 11/19/2018
Backtesting data exists:
Weighting methodology: Market capitalization
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