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Critical Facts You Need to Know About Preferred Stocks
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FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
ETF
TDTF
Payout Change
Pending
Price as of:
$23.69
+0.07
+0.3%
primary theme
TIPS
TDTF (ETF)
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
Payout Change
Pending
Price as of:
$23.69
+0.07
+0.3%
primary theme
TIPS
TDTF (ETF)
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
Payout Change
Pending
Price as of:
$23.69
+0.07
+0.3%
primary theme
TIPS
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.7%
1 yr return
5.9%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
2.7%
Net Assets
$688 M
Holdings in Top 10
54.4%
52 WEEK LOW AND HIGH
$23.6
$23.05
$24.20
Expenses
OPERATING FEES
Expense Ratio 0.19%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TDTF - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -0.4%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 2.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFlexShares iBoxx 5-Year Target Duration TIPS Index Fund
-
Fund Family NameFlexshares Trust
-
Inception DateSep 19, 2011
-
Shares Outstanding30800001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Personette
Fund Description
The Underlying Index is designed to reflect the performance of a selection of inflation protected public obligations of the U.S. Treasury, commonly known as “TIPS,” with a targeted average modified adjusted duration, as defined by S&P Dow Jones Indices LLC as the Index Provider (“Index Provider” or “SPDJI”), of approximately five years. The Underlying Index includes publicly issued TIPS that have maturity dates of at least three years but not more than twenty years from an index rebalancing date. TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS’ principal and interest payments are linked to an official inflation measure (as measured by the Consumer Price Index for All Urban Consumers, or CPI-U) and the payments are supported by the full faith and credit of the United States. As of December 31, 2023, there were 25 TIPS in the Underlying Index. The components of the Underlying Index are weighted by the Index Provider to achieve the targeted average modified adjusted duration and its composition is rebalanced monthly. The Fund generally rebalances its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. NTI generally intends to replicate the constituent securities of the Fund’s Underlying Index. “Replication” is an indexing strategy in which a fund invests in substantially all of the securities in its underlying index in approximately the same proportions as in the underlying index. NTI may use a “representative sampling” strategy in certain circumstances, such as when it may not be possible or practicable to fully implement a replication strategy. Representative sampling is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. When the Fund uses representative sampling, it may or may not hold all of the securities that are included in the Underlying Index.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts and options on futures contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is sponsored by the Index Provider, an organization that is independent of the Fund and NTI. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) are not considered to be issued by members of any industry.
TDTF - Performance
Return Ranking - Trailing
| Period | TDTF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -10.4% | 10.9% | 38.31% |
| 1 Yr | 5.9% | -11.2% | 14.4% | 14.43% |
| 3 Yr | -0.4%* | -16.4% | 4.9% | 39.29% |
| 5 Yr | 2.7%* | -7.1% | 5.3% | 34.92% |
| 10 Yr | 2.4%* | -2.4% | 3.5% | 16.92% |
* Annualized
Return Ranking - Calendar
| Period | TDTF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | -8.7% | 5.1% | 63.82% |
| 2022 | -15.8% | -52.3% | -4.0% | 42.35% |
| 2021 | 0.8% | -7.9% | 7.7% | 42.19% |
| 2020 | 8.7% | -29.4% | 23.0% | 43.92% |
| 2019 | 6.1% | 0.8% | 16.7% | 27.13% |
Total Return Ranking - Trailing
| Period | TDTF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -10.4% | 10.9% | 38.31% |
| 1 Yr | 5.9% | -11.2% | 14.4% | 14.43% |
| 3 Yr | -0.4%* | -16.4% | 4.9% | 39.29% |
| 5 Yr | 2.7%* | -7.1% | 5.3% | 34.92% |
| 10 Yr | 2.4%* | -2.4% | 3.5% | 16.92% |
* Annualized
Total Return Ranking - Calendar
| Period | TDTF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -5.2% | 9.5% | 36.18% |
| 2022 | -9.7% | -40.1% | 9.2% | 38.27% |
| 2021 | 5.5% | -2.7% | 37.6% | 40.63% |
| 2020 | 10.0% | -0.5% | 27.5% | 47.09% |
| 2019 | 8.0% | 2.8% | 19.3% | 36.70% |
TDTF - Holdings
Concentration Analysis
| TDTF | Category Low | Category High | TDTF % Rank | |
|---|---|---|---|---|
| Net Assets | 688 M | 963 K | 51.8 B | 52.24% |
| Number of Holdings | 24 | 2 | 1463 | 91.04% |
| Net Assets in Top 10 | 374 M | 913 K | 25.5 B | 53.73% |
| Weighting of Top 10 | 54.35% | 9.4% | 100.0% | 38.00% |
Top 10 Holdings
- U.S. Treasury Inflation Linked Notes 7.08%
- U.S. Treasury Inflation Linked Notes 6.94%
- U.S. Treasury Inflation Linked Notes 6.78%
- U.S. Treasury Inflation Linked Notes 6.71%
- U.S. Treasury Inflation Linked Notes 4.68%
- U.S. Treasury Inflation Linked Notes 4.63%
- U.S. Treasury Inflation Linked Notes 4.49%
- U.S. Treasury Inflation Linked Notes 4.44%
- U.S. Treasury Inflation Linked Notes 4.35%
- U.S. Treasury Inflation Linked Notes 4.26%
Asset Allocation
| Weighting | Return Low | Return High | TDTF % Rank | |
|---|---|---|---|---|
| Bonds | 99.64% | 0.00% | 206.20% | 26.37% |
| Cash | 0.36% | -42.00% | 15.77% | 63.18% |
| Stocks | 0.00% | 0.00% | 100.03% | 38.31% |
| Preferred Stocks | 0.00% | 0.00% | 1.89% | 40.30% |
| Other | 0.00% | -58.58% | 66.48% | 72.14% |
| Convertible Bonds | 0.00% | 0.00% | 3.96% | 56.72% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TDTF % Rank | |
|---|---|---|---|---|
| Government | 99.97% | 6.70% | 112.97% | 3.98% |
| Derivative | 0.00% | -26.67% | 16.13% | 72.14% |
| Cash & Equivalents | 0.00% | 0.00% | 15.13% | 84.08% |
| Securitized | 0.00% | 0.00% | 58.03% | 79.10% |
| Corporate | 0.00% | 0.00% | 50.64% | 76.12% |
| Municipal | 0.00% | 0.00% | 1.28% | 46.77% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TDTF % Rank | |
|---|---|---|---|---|
| US | 99.64% | 0.00% | 184.29% | 19.90% |
| Non US | 0.00% | 0.00% | 42.19% | 59.20% |
TDTF - Expenses
Operational Fees
| TDTF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | 22.29% | 88.94% |
| Management Fee | 0.18% | 0.00% | 0.99% | 15.92% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 4.49% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| TDTF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TDTF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TDTF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 66.00% | 0.00% | 246.00% | 59.90% |
TDTF - Distributions
Dividend Yield Analysis
| TDTF | Category Low | Category High | TDTF % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.31% | 0.00% | 14.25% | 18.91% |
Dividend Distribution Analysis
| TDTF | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| TDTF | Category Low | Category High | TDTF % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -0.06% | 6.71% | 67.29% |
Capital Gain Distribution Analysis
| TDTF | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 01, 2024 | $0.046 | OrdinaryDividend |
| Oct 01, 2024 | $0.053 | OrdinaryDividend |
| Sep 03, 2024 | $0.034 | OrdinaryDividend |
| Aug 01, 2024 | $0.065 | OrdinaryDividend |
| Jun 03, 2024 | $0.188 | OrdinaryDividend |
| May 01, 2024 | $0.174 | OrdinaryDividend |
| Apr 01, 2024 | $0.122 | OrdinaryDividend |
| Dec 15, 2023 | $0.016 | OrdinaryDividend |
| Dec 01, 2023 | $0.083 | OrdinaryDividend |
| Nov 01, 2023 | $0.128 | OrdinaryDividend |
| Oct 02, 2023 | $0.060 | OrdinaryDividend |
| Sep 01, 2023 | $0.090 | OrdinaryDividend |
| Aug 01, 2023 | $0.075 | OrdinaryDividend |
| Jul 03, 2023 | $0.136 | OrdinaryDividend |
| Jun 01, 2023 | $0.091 | OrdinaryDividend |
| May 01, 2023 | $0.146 | OrdinaryDividend |
| Apr 03, 2023 | $0.112 | OrdinaryDividend |
| Dec 16, 2022 | $0.105 | OrdinaryDividend |
| Dec 01, 2022 | $0.051 | OrdinaryDividend |
| Sep 01, 2022 | $0.005 | ReturnOfCapital |
| Sep 01, 2022 | $0.334 | OrdinaryDividend |
| Aug 01, 2022 | $0.004 | ReturnOfCapital |
| Aug 01, 2022 | $0.266 | OrdinaryDividend |
| Jul 01, 2022 | $0.002 | ReturnOfCapital |
| Jul 01, 2022 | $0.123 | OrdinaryDividend |
| Jun 01, 2022 | $0.005 | ReturnOfCapital |
| Jun 01, 2022 | $0.307 | OrdinaryDividend |
| May 02, 2022 | $0.003 | ReturnOfCapital |
| May 02, 2022 | $0.203 | OrdinaryDividend |
| Apr 01, 2022 | $0.003 | ReturnOfCapital |
| Apr 01, 2022 | $0.178 | OrdinaryDividend |
| Mar 01, 2022 | $0.001 | ReturnOfCapital |
| Mar 01, 2022 | $0.057 | OrdinaryDividend |
| Feb 01, 2022 | $0.002 | ReturnOfCapital |
| Feb 01, 2022 | $0.145 | OrdinaryDividend |
| Dec 17, 2021 | $0.139 | OrdinaryDividend |
| Dec 01, 2021 | $0.049 | OrdinaryDividend |
| Nov 01, 2021 | $0.036 | OrdinaryDividend |
| Oct 01, 2021 | $0.102 | OrdinaryDividend |
| Sep 01, 2021 | $0.211 | OrdinaryDividend |
| Aug 02, 2021 | $0.184 | OrdinaryDividend |
| Jul 01, 2021 | $0.189 | OrdinaryDividend |
| Jun 01, 2021 | $0.162 | OrdinaryDividend |
| May 03, 2021 | $0.125 | OrdinaryDividend |
| Apr 01, 2021 | $0.078 | OrdinaryDividend |
| Dec 18, 2020 | $0.022 | OrdinaryDividend |
| Dec 01, 2020 | $0.031 | OrdinaryDividend |
| Nov 02, 2020 | $0.072 | OrdinaryDividend |
| Oct 01, 2020 | $0.049 | OrdinaryDividend |
| May 01, 2020 | $0.071 | OrdinaryDividend |
| Apr 01, 2020 | $0.067 | OrdinaryDividend |
| Dec 20, 2019 | $0.067 | OrdinaryDividend |
| Dec 02, 2019 | $0.025 | OrdinaryDividend |
| Nov 01, 2019 | $0.004 | OrdinaryDividend |
| Oct 01, 2019 | $0.047 | OrdinaryDividend |
| Sep 03, 2019 | $0.012 | OrdinaryDividend |
| Aug 01, 2019 | $0.057 | OrdinaryDividend |
| Jul 01, 2019 | $0.135 | OrdinaryDividend |
| Jun 03, 2019 | $0.114 | OrdinaryDividend |
| Dec 21, 2018 | $0.056 | OrdinaryDividend |
| Dec 03, 2018 | $0.038 | OrdinaryDividend |
| Nov 01, 2018 | $0.021 | OrdinaryDividend |
| Oct 01, 2018 | $0.009 | OrdinaryDividend |
| Sep 04, 2018 | $0.046 | OrdinaryDividend |
| Aug 01, 2018 | $0.107 | OrdinaryDividend |
| Jul 02, 2018 | $0.098 | OrdinaryDividend |
| Jun 01, 2018 | $0.060 | OrdinaryDividend |
| May 01, 2018 | $0.114 | OrdinaryDividend |
| Apr 02, 2018 | $0.076 | OrdinaryDividend |
| Dec 21, 2017 | $0.044 | OrdinaryDividend |
| Dec 01, 2017 | $0.130 | OrdinaryDividend |
| Nov 01, 2017 | $0.058 | OrdinaryDividend |
| Sep 01, 2017 | $0.022 | OrdinaryDividend |
| Aug 01, 2017 | $0.021 | OrdinaryDividend |
| Jul 03, 2017 | $0.073 | OrdinaryDividend |
| Jun 01, 2017 | $0.019 | OrdinaryDividend |
| May 01, 2017 | $0.076 | OrdinaryDividend |
| Apr 03, 2017 | $0.106 | OrdinaryDividend |
| Dec 22, 2016 | $0.034 | OrdinaryDividend |
| Dec 01, 2016 | $0.055 | OrdinaryDividend |
| Sep 01, 2016 | $0.079 | OrdinaryDividend |
| Aug 01, 2016 | $0.097 | OrdinaryDividend |
| Jul 01, 2016 | $0.113 | OrdinaryDividend |
| Sep 01, 2015 | $0.051 | OrdinaryDividend |
| Dec 01, 2014 | $0.010 | OrdinaryDividend |
| Sep 02, 2014 | $0.033 | OrdinaryDividend |
| Aug 01, 2014 | $0.070 | OrdinaryDividend |
| Jul 01, 2014 | $0.065 | OrdinaryDividend |
| Jun 02, 2014 | $0.123 | OrdinaryDividend |
| Dec 27, 2013 | $0.011 | OrdinaryDividend |
| Jun 03, 2013 | $0.032 | OrdinaryDividend |
| Dec 27, 2012 | $0.099 | CapitalGainShortTerm |
| Dec 27, 2012 | $0.001 | CapitalGainLongTerm |
| Dec 03, 2012 | $0.049 | OrdinaryDividend |
| Jul 02, 2012 | $0.074 | OrdinaryDividend |
| Jun 01, 2012 | $0.134 | OrdinaryDividend |
| May 01, 2012 | $0.019 | OrdinaryDividend |
| Dec 28, 2011 | $0.010 | CapitalGainShortTerm |
| Dec 01, 2011 | $0.017 | OrdinaryDividend |
| Nov 01, 2011 | $0.026 | OrdinaryDividend |
TDTF - Fund Manager Analysis
Managers
Daniel Personette
Start Date
Tenure
Tenure Rank
Sep 19, 2011
10.7
10.7%
Daniel J. Personette, CFA is a Vice President, Director- Interest Rate Strategy and a Senior Fixed Income Portfolio Manager with the long duration fixed income group within Northern Trust Global Investments. Dan is responsible for the interest rate strategy for active long duration fixed income, and is also lead portfolio manager for $15 billion passive global interest rate and $11 billion in domestic inflation products and ETF's. Prior to joining Northern Trust as an Accounting Auditor in 1996, he served in the shareholder service department at Kemper Mutual Funds. He was named an Officer In September of 2000, and a Second Vice President in 2003.
Michael Chico
Start Date
Tenure
Tenure Rank
Sep 19, 2011
10.7
10.7%
Michael Chico is a Vice President at the Northern Trust Investments, Inc. He is a Fixed Income Portfolio Manager in the Fixed Income group and is responsible for quantitatively managing and trading fixed income accounts for Northern Trust clients. Mike originally joined Northern Trust in 2005 as Fixed Income Securities Trader with Northern Trust Securities, Inc., where he focused on structured products, non-USD fixed income securities, MBS/ABS, and Treasury securities. Prior to joining Northern Trust, he was vice president of MBS Trading at J.P. Morgan Securities, Inc, formerly Banc One Capital Markets, Inc.Mike received his B.A. degree in Economics from the University of Pennsylvania and his M.B.A. in Finance and Economics from The University of Chicago Graduate School of Business. He is a CFA charterholder in the CFA Society of Chicago. Michael R. Chico is Vice President of NTI. Mr. Chico joined NTI in 2007 and is responsible for managing various fixed-income funds.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.56 | 11.1 |
