# Northern Trust iBoxx 3-Year Target Duration TIPS ETF (TDTT): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tdtt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: FlexShares · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2011-09-19 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 F... ## Key Facts | Metric | Value | |---|---| | Price | $23.52 | | Expense Ratio | 0.19% | | Assets Under Management | $2.51B | | NAV | $23.50 | | Holdings Count | 23 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $23.17 – $24.46 | | Beta | 0.33 | ## Latest Distribution - Amount: $0.1781 /share - Ex-date: 2026-08-03 - Pay date: 2026-08-07 ## Frequently Asked Questions ### 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. ### Does TDTT pay a dividend? Northern Trust iBoxx 3-Year Target Duration TIPS ETF (TDTT) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TDTT pay dividends? Northern Trust iBoxx 3-Year Target Duration TIPS ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TDTT's dividend yield? TDTT's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is TDTT's next ex-dividend date? The most recently announced ex-dividend date for TDTT was 2026-08-03. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will TDTT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TDTT charge its expense ratio? The expense ratio is deducted in tiny daily slices from TDTT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TDTT cost more than a fund like VOO? TDTT is a passive index fund (current expense ratio 0.19%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to TDTT? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TDTT (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tdtt - Distribution history: https://www.dividenddata.com/funds/tdtt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tdtt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tdtt/expenses - Peer comparison: https://www.dividenddata.com/funds/tdtt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.