For investors seeking the inflation-hedging attributes of TIPS with targeted duration exposure.
FlexShares iBoxx® 5-Year Target Duration TIPS Index Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the iBoxx® 5-Year Target Duration TIPS Index (Underlying Index).
The iBoxx® 5-Year Target Duration TIPS Index measures the performance of Treasury Inflation Protected Securities (TIPS) as determined by Markit iBoxx's proprietary index methodology. The iBoxx® index methodology targets a modified adjusted duration of 5.0 years and defines the eligible universe of TIPS as having no less than one year and no more than ten years until maturity as of the Index determination date. A proprietary regression calculation is then used to determine the modified adjusted duration of the TIPS and weight the TIPS in the Index at a modified adjusted duration level within a range of 5.0 years, plus or minus 5% within Index constraints. One cannot invest directly in an index.
Index MethodologyThis link is provided as a courtesy for informational purposes only and leads to a different website which FlexShares Trust does not maintain. FlexShares Trust does not provide any information directly to the linked website, nor do we endorse or affirm any of the information provided by it. FlexShares Trust cannot and does not guarantee or make any representations or warranties, either express or implied, with respect to the accuracy or completeness of the information contained on the website and we take no responsibility for supplementing, updating or correcting any such information. By providing this link to a different website, FlexShares Trust is not providing you with investment advice or offering securities for sale to you.