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Trending ETFs

Name

As of 06/17/2024

Price

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

$23.48

$1.78 B

9.58%

$2.25

0.19%

Vitals

YTD Return

1.5%

1 yr return

4.2%

3 Yr Avg Return

1.4%

5 Yr Avg Return

3.1%

Net Assets

$1.78 B

Holdings in Top 10

50.8%

52 WEEK LOW AND HIGH

$23.5
$22.98
$23.77

Expenses

OPERATING FEES

Expense Ratio 0.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 06/17/2024

Price

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

$23.48

$1.78 B

9.58%

$2.25

0.19%

TDTT - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 9.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Sep 19, 2011
  • Shares Outstanding
    83504000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Chico

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 three years. The Underlying Index includes publicly issued TIPS that have maturity dates of at least one year but not more than ten 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 27 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.
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TDTT - Performance

Return Ranking - Trailing

Period TDTT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -9.4% 9.2% 28.08%
1 Yr 4.2% -8.8% 7.9% 25.25%
3 Yr 1.4%* -13.8% 4.9% 16.67%
5 Yr 3.1%* -6.5% 5.0% 16.23%
10 Yr 1.9%* -2.2% 2.8% 23.48%

* Annualized

Return Ranking - Calendar

Period TDTT Return Category Return Low Category Return High Rank in Category (%)
2023 0.4% -8.7% 5.1% 46.77%
2022 -10.6% -52.3% -4.0% 19.19%
2021 0.8% -7.9% 7.7% 42.27%
2020 5.6% -29.4% 23.0% 71.73%
2019 3.7% 0.8% 16.7% 77.37%

Total Return Ranking - Trailing

Period TDTT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -9.4% 9.2% 28.08%
1 Yr 4.2% -8.8% 7.9% 25.25%
3 Yr 1.4%* -13.8% 4.9% 16.67%
5 Yr 3.1%* -6.5% 5.0% 16.23%
10 Yr 1.9%* -2.2% 2.8% 23.48%

* Annualized

Total Return Ranking - Calendar

Period TDTT Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -5.2% 9.5% 25.87%
2022 -4.6% -40.1% 9.2% 15.15%
2021 5.5% -2.7% 37.6% 42.27%
2020 6.8% -0.5% 27.5% 76.44%
2019 5.7% 2.8% 19.3% 77.89%

TDTT - Holdings

Concentration Analysis

TDTT Category Low Category High TDTT % Rank
Net Assets 1.78 B 968 K 51.8 B 35.96%
Number of Holdings 28 2 1521 84.24%
Net Assets in Top 10 942 M 925 K 25.1 B 40.39%
Weighting of Top 10 50.83% 11.2% 100.1% 47.03%

Top 10 Holdings

  1. U.S. Treasury Inflation Linked Notes 7.84%
  2. U.S. Treasury Inflation Linked Notes 7.42%
  3. U.S. Treasury Inflation Linked Notes 6.93%
  4. U.S. Treasury Inflation Linked Notes 6.78%
  5. U.S. Treasury Inflation Linked Bonds 4.26%
  6. U.S. Treasury Inflation Linked Notes 3.75%
  7. U.S. Treasury Inflation Linked Notes 3.66%
  8. U.S. Treasury Inflation Linked Notes 3.65%
  9. U.S. Treasury Inflation Linked Notes 3.30%
  10. U.S. Treasury Inflation Linked Notes 3.25%

Asset Allocation

Weighting Return Low Return High TDTT % Rank
Bonds
99.53% 0.00% 209.10% 29.56%
Cash
0.47% -42.00% 19.53% 55.17%
Stocks
0.00% 0.00% 100.07% 44.33%
Preferred Stocks
0.00% 0.00% 0.08% 39.41%
Other
0.00% -45.31% 63.09% 80.30%
Convertible Bonds
0.00% 0.00% 3.96% 61.08%

Bond Sector Breakdown

Weighting Return Low Return High TDTT % Rank
Government
99.97% 6.70% 112.97% 4.43%
Derivative
0.00% -17.13% 11.42% 71.92%
Cash & Equivalents
0.00% 0.00% 15.07% 84.24%
Securitized
0.00% 0.00% 58.03% 81.77%
Corporate
0.00% 0.00% 50.64% 78.82%
Municipal
0.00% 0.00% 1.28% 50.25%

Bond Geographic Breakdown

Weighting Return Low Return High TDTT % Rank
US
99.53% 0.00% 185.03% 24.63%
Non US
0.00% 0.00% 43.00% 65.02%

TDTT - Expenses

Operational Fees

TDTT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% 0.03% 22.29% 89.05%
Management Fee 0.18% 0.00% 0.99% 15.76%
12b-1 Fee 0.00% 0.00% 1.00% 4.40%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

TDTT 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

TDTT 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.

TDTT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 246.00% 63.40%

TDTT - Distributions

Dividend Yield Analysis

TDTT Category Low Category High TDTT % Rank
Dividend Yield 9.58% 0.00% 14.25% 21.67%

Dividend Distribution Analysis

TDTT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Annual

Net Income Ratio Analysis

TDTT Category Low Category High TDTT % Rank
Net Income Ratio N/A -0.06% 6.71% 69.16%

Capital Gain Distribution Analysis

TDTT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TDTT - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1