Symbols

TDTT

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund·NYSE

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Key Stats

Assets Under Management

2.52BUSD

Fund Flows (1Y)

Dividend Yield

4.76%

Discount/Premium to NAV

Shares Outstanding

Expense Ratio

0.18%

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Issuer

Northern Trust

Brand

FlexShares

Home Page

https://www.flexshares.com/funds/TDTT

Inception Date

Sep 19, 2011

Structure

Open-Ended Fund

Index Tracked

iBoxx 3-Year Target Duration TIPS Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Northern Trust Investments, Inc.(Investment Management)

Distributor

Foreside Fund Services LLC

TDTT approaches the TIPS market with a very specific mandate, holding a combination of TIPS that result in a weighted average portfolio duration of 3 years. To accomplish this, the fund can hold TIPS with maturities ranging from 1 to 10 years. However, in reality, the fund achieves its target duration with precision by typically only holding TIPS with fewer than 5 years remaining in maturities. With shorter maturity and duration than our benchmark, TDTT carries lower nominal yield than our benchmark. The index may use derivatives and is rebalanced on a monthly basis.