Subject: Re: BlackRock's Defined-Maturity TIPS ETFs
This is not an issue in a Roth or TIRA, but in a taxable account you will be paying taxes each year on the cap gains that the MF distributes.

On the other hand, when you pull the MF, or ETF, shares out of the TIRA (vis., via an RMD), you'll pay ordinary income tax on those capital gains and dividends accrued in the TIRA.

Eric Hines