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About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund
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Inception date
Sep 19, 2011
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Northern Trust Investments, Inc.(Investment Management)
Distributor
Foreside Fund Services LLC
TDTT approaches the TIPS market with a very specific mandate, holding a combination of TIPS that result in a weighted average portfolio duration of 3 years. To accomplish this, the fund can hold TIPS with maturities ranging from 1 to 10 years. However, in reality, the fund achieves its target duration with precision by typically only holding TIPS with fewer than 5 years remaining in maturities. With shorter maturity and duration than our benchmark, TDTT carries lower nominal yield than our benchmark. The index may use derivatives and is rebalanced on a monthly basis.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.