FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 South LaSalle Street Chicago IL United States of America 60603
- IPO Date
- Sep 23, 2011
- CIK
- 0001491978
- Website
- flexshares.com
- Similar Companies
- Business
- FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the iBoxx 3-Year Target Duration TIPS Index. The fund provides targeted exposure to U.S. Treasury Inflation-Protected Securities (TIPS) with maturities between one and ten years and a modified adjusted duration of approximately three years, utilizing a proprietary index methodology that selects eligible TIPS with at least $2 billion outstanding, weights them to achieve the target duration within plus or minus five percent, and rebalances monthly; its portfolio primarily consists of government bonds such as United States Treasury Notes (e.g., 0.75%, 2.375%, 0.875%) and Bonds (e.g., 3.875%, 2.5%), representing nearly 100% of assets under management totaling approximately $2.55 billion. Launched on September 19, 2011, and domiciled in the United States, TDTT is part of FlexShares Trust, managed by Northern Trust Investments, Inc., with current portfolio managers including Michael Chico (since inception) and David Alongi (since March 2023), and operates with a net expense ratio of 0.18%. The fund targets investors seeking inflation-hedging attributes alongside controlled interest rate risk in the short-term inflation-protected bond category, serving institutional, retail, and tactical portfolio allocators focused on real returns, capital preservation, and liquidity. It trades on NYSE Arca and is available in markets including the United States and Mexico, with holdings concentrated in U.S. government securities for minimal credit risk. In recent developments, FlexShares announced plans to rebrand as Northern Trust ETFs in 2026, aligning with Northern Trust Asset Management's expanded ETF offerings without altering TDTT's investment process, portfolio managers, or operations; this follows the August 2025 launch of 11 new fixed-income ETFs under the Northern Trust ETFs brand, including distributing ladder and tax-exempt bond suites, marking a strategic evolution in product lineup. Additionally, Northern Trust liquidated the FlexShares Real Assets Allocation Index Fund (ASET) in October 2025, streamlining its ETF suite. The fund continues regular monthly distributions, with recent payouts including $0.1035, $0.0805, and $0.1370 per share.