BBIP provides exposure to the US short-term TIPS market by tracking the ICE 0-5 Year US Inflation-Linked Treasury Index. It exclusively holds USD-denominated, inflation-protected sovereign debt with less than or equal to five years until maturity, all selected and weighted by market value. The funds objective is to offer low-cost beta exposure while bearing minimal interest rate risk. It will use a representative sampling method, where it will invest only in chosen securities to approximate the overall portfolio characteristics. Like all Treasury debts, TIPS are issued by and backed by the full faith and credit of the US government. Additionally, the index is rebalanced monthly.