Northern Trust iBoxx 5-Year Target Duration TIPS ETF
$22.77−0.14 (−0.63%)
- Expense ratio
- 0.19%
- Fund size
- $1.0B
- 1Y return
- −0.7%
- Yield · Last 12 months
- 5.45%
- Holdings
- 17
- Volume · 30D
- 0.2M sh
- NAV per share
- $22.92
- 52W range
The ETF.net TDTF Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 51Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
Our read on TDTF
BMost TIPS funds hand you whatever duration the inflation-linked market happens to carry. TDTF tracks an index built around a five-year duration target, keeping its rate sensitivity parked mid-curve by design.
The Fund seeks to track the price and yield performance of the iBoxx 5-Year Target Duration TIPS Index before fees and expenses.
Why people hold it
- The point of the thing: a five-year target duration index, not the shifting maturity mix of the whole TIPS market.
- Straight passive plumbing. It aims to track the price and yield of its index before fees, using US inflation-protected Treasuries.
- Trading since 2011 with over a billion dollars in assets, so this is a seasoned fund rather than a recent launch chasing a theme.
Worth knowing
- 0.19% a year is above the Treasury-fund median of 0.12%, and broad TIPS rivals like SCHP charge 0.03%. The duration targeting is what you pay up for.
- Inflation protection is not price stability. A five-year duration still moves when real yields move, in both directions.
- Payouts are irregular rather than a steady monthly rhythm, and trading is moderate rather than deep, so limit orders are worth using.
TDTF Holdings
- Bonds
- 17
- 75%
- UNITED STATES OF AMERICA NOTES FIXED 1.25%
Geography
- United States100.00%
TDTF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TDTF |
|---|---|
| Year to date | −0.7% |
| 1 month | −1.9% |
| 3 months | −1.3% |
| 1 year | −0.7% |
| 3 years | +4.3% |
| 5 years | +0.9% |
| 10 years | +2.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TDTF |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +7.9% | |
| 2024 | +2.4% | |
| 2023 | +4.1% | |
| 2022 | −9.7% | |
| 2021 | +5.5% | |
| 2020 | +10.0% |
TDTF in the news
ETF.net Research hasn’t filed on TDTF yet — coverage lands here as it’s written.
TDTF Dividends
- 5.45%
- $1.25
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 3, 2026 | Aug 7, 2026 | $0.18 |
| Jul 1, 2026 | Jul 8, 2026 | $0.24 |
| Jun 1, 2026 | Jun 5, 2026 | $0.28 |
| May 1, 2026 | May 7, 2026 | $0.14 |
| Apr 1, 2026 | Apr 7, 2026 | $0.06 |
| Dec 19, 2025 | Dec 26, 2025 | $0.09 |
| Dec 1, 2025 | Dec 5, 2025 | $0.09 |
| Nov 3, 2025 | Nov 7, 2025 | $0.10 |
| Oct 1, 2025 | Oct 7, 2025 | $0.07 |
| Sep 2, 2025 | Sep 8, 2025 | $0.11 |
| Aug 1, 2025 | Aug 7, 2025 | $0.08 |
| Jul 1, 2025 | Jul 8, 2025 | $0.10 |
TDTF Risk
- 3.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.005
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TDTF Cost
- The middle half of TIPS funds
- Median 0.10%
28 of the 41 TIPS funds charge less.