Northern Trust iBoxx 3-Year Target Duration TIPS ETF

Frequently Asked Questions About TDTT

What does TDTT invest in?

FlexShares Trust - FlexShares iBoxx 3-Year Target Duration TIPS Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in the fixed income markets of the United States. It invests in inflation protected public obligations of the U.S. treasury with an average modified adjusted duration of three years. The fund seeks to track the performance of the iBoxx 3-Year Target Duration TIPS Index, by using full replication technique. FlexShares Trust - FlexShares iBoxx 3-Year Target Duration TIPS Index Fund was formed on September 19, 2011 and is domiciled in the United States.

What is the expense ratio of TDTT?

Northern Trust iBoxx 3-Year Target Duration TIPS ETF (TDTT) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of TDTT?

Effective duration measures TDTT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TDTT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TDTT?

TDTT's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TDTT?

Yield to maturity (YTM) is the total return you'd earn from TDTT if every bond in the portfolio is held to maturity at the current price. TDTT's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is TDTT?

Northern Trust iBoxx 3-Year Target Duration TIPS ETF (TDTT) manages $2.51B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.