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FlexShares iBoxx® 3-Year Target Duration TIPS Index Fund (TDTT)

Quick StatsAs Of 07/16/2018

Market Price
$24.17 (-0.21%)
52-Week High
$24.71
52-Week Low
$24.06
Inception
09/19/2011
Primary Exchange
NYSE
CUSIP
33939L506
Total Net Assets
$2,166,158,870.60
Number of Holdings*
19
SEC Subsidized Yield1 (as of 06/30/2018)
5.28%
SEC Unsubsidized Yield2 (as of 06/30/2018)
5.28%
Distribution Yield3
4.84%
12-Month Dividend Yield4
2.30%
Gross Expense Ratio
.19%
Net Expense Ratio**
.18%
Weighted Avg Maturity
4.17
Weighted Avg Nominal Yield
2.72%
Modified Adjusted Duration
3.06
*Cash positions and derivatives such as futures & currency forwards are not included in the number of holdings.
**Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2019.

OBJECTIVE AND STRATEGY

FlexShares iBoxx® 3-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® 3-Year Target Duration TIPS Index (Underlying Index).

DIFFERENT BY DESIGN

1. Combine the inflation hedging attributes of TIPs with duration management
2. Calculate modified adjusted duration for TIPS securities with maturities from 1 to 10 years
3. Adjust portfolio weights to reach a modified adjusted duration of approximately three (3) years

VIDEO

 

2:08 | Transcript

Learn how FlexShares can help protect investors from the corrosive effects of inflation with our TIPS funds.

FLEXSHARES STRATEGY

Risk Management

Though investment involves compensation for risk in the form of return, investors must:

  • Identify, measure and understand investment risks.
  • Seek to mitigate exposure to risk that exceeds tolerances while hedging factor-specific risks.
  • Receive commensurate compensation for risk consistent with investment goals.

This is particularly important in today’s environment, in which global markets are highly interconnected and experience more volatility in the form of price movement. Unexpected market shocks (or tail risks) are more common and change the view of normal investment distributions. The following risk solutions may complement investors' portfolios by providing a investments that seek to mitigate exposure to risk, while seeking to receive compensation for that risk.

PRICING AND PERFORMANCE

Select Month:
Performance
As of
Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/23/2011, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.
Select Quarter:
Greatest Premium
Greatest Discount
Days at Premium
Days at Discount
Days at Nav
Total Days in Period
As of
Information presented here is historical, and is not indicative of future results. Investment premiums or discounts may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above.
Date -
Market Price
Bid/Ask Mid Point Price
Please select start and end dates
Pricing information presented here is historical, and is not indicative of future results. Investment pricing may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above. For most recent pricing please call 1-855-353-9383 (1-855-FlexETF).

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/23/2011, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.
Date -
Market Price
-
NAV
-
Bench mark
-
Index
-
Please select start and end dates
Past performance is not a guarantee of future results. The Growth of $10,000 chart is hypothetical based upon the historical performance of the Fund. It includes the reinvestment of dividends and capital gains at net asset value: actual returns may differ. It does not reflect the deduction of other fees and expenses, in which case the performance would have been lower. It is not possible to invest directly in an index.

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/23/2011, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance.
Select Year:
Distributions

HOLDINGS

Top 10 holdings for TDTT make up _!HOLDINGPERCENT of the fund's total holdings

MATURITY

_!MATURITYVALUE of the portfolio has _!MATURITYNAME maturity

INDEX

The iBoxx® 3-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 3.0 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 3.0 years, plus or minus 5% within Index constraints. One cannot invest directly in an index.

Index Methodology

Definitions

1SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
2SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
3Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute monthly, an NA will be displayed if the fund has not distributed within the last 35 days.
412-Month Dividend Yield
This yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV.

The Glossary contains definitions of widely used investment terms found on this page.