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FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF)

23.18 -0.05 (-0.22%)
At close: April 25 at 3:59 PM EDT

ETF Summary

The underlying index reflects 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 the S&P Dow Jones Indices LLC as the index provider, of approximately five years. 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.

ETF Overview

Category Inflation-Protected Bond
Fund Family Flexshares Trust
Net Assets 795.21M
YTD Daily Total Return -1.18%
Yield 3.97%
Legal Type Exchange Traded Fund

ETF Operations

Attributes TDTF Category Average
Annual Report Expense Ratio (net) 0.18% 0.63%
Holdings Turnover 52.00% 66.04%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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