Northern Trust iBoxx 3-Year Target Duration TIPS ETF
$23.23−0.09 (−0.36%)
- Expense ratio
- 0.19%
- Fund size
- $2.5B
- 1Y return
- +0.6%
- Yield · Last 12 months
- 5.19%
- Holdings
- 23
- Volume · 30D
- 0.2M sh
- NAV per share
- $23.30
- 52W range
The ETF.net TDTT Grade
Score 52 of 100 sits in the C 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.BScore 59Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 73Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on TDTT
CMost short TIPS funds pick a maturity bucket and let duration drift. TDTT's index re-weights TIPS monthly to hold interest-rate sensitivity near three years, so the rate risk stays where you found it.
The Fund seeks to track, before fees and expenses, the price and yield performance of the iBoxx 3-Year Target Duration TIPS Index. It uses a passive indexing approach, generally replicating the index or using representative sampling when full replication is impracticable.
Why people hold it
- The index targets a modified adjusted duration of 3.0 years and rebalances monthly to keep it there, drawing on TIPS with one to ten years left to maturity.flexshares.comsec.gov
- Straight US Treasury inflation-protected bonds, passively replicated. The inflation link comes from the bonds themselves, not a swap or derivative overlay.
- Running since 2011 under Northern Trust's FlexShares banner, now a multi-billion-dollar fund on a published, rules-based index.sec.gov
- FlexShares runs the same methodology at a 5.0-year duration target (TDTF), so the family marks two fixed points on the TIPS curve.flexshares.comflexshares.com
Worth knowing
- 0.19% a year, against a roughly 0.10% category median. The big broad-market TIPS funds (SCHP, VTIP, STIP) charge 0.03%.
- Payouts track TIPS inflation accruals rather than a fixed schedule, so distributions land unevenly.
- A three-year duration target damps rate moves, it does not erase them: TIPS prices still fall when real interest rates rise.flexshares.com
TDTT Holdings
- Bonds
- 23
- 67%
- UNITED STATES OF AMERICA NOTES FIXED 0.25%
Geography
- United States100.00%
TDTT 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 | TDTT |
|---|---|
| Year to date | +0.4% |
| 1 month | −1.2% |
| 3 months | −0.5% |
| 1 year | +0.6% |
| 3 years | +4.6% |
| 5 years | +2.4% |
| 10 years | +2.9% |
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 | TDTT |
|---|---|---|
| 2026 YTD | +0.4% | |
| 2025 | +6.7% | |
| 2024 | +4.0% | |
| 2023 | +4.4% | |
| 2022 | −4.6% | |
| 2021 | +5.5% | |
| 2020 | +6.8% |
TDTT in the news
ETF.net Research hasn’t filed on TDTT yet — coverage lands here as it’s written.
TDTT Dividends
- 5.19%
- $1.21
- $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 | $0.23 |
| Jun 1, 2026 | Jun 5, 2026 | $0.28 |
| May 1, 2026 | May 7, 2026 | $0.14 |
| Apr 1, 2026 | Apr 7, 2026 | $0.05 |
| Dec 19, 2025 | Dec 26, 2025 | $0.09 |
| Dec 1, 2025 | Dec 5, 2025 | $0.09 |
| Nov 3, 2025 | Nov 7, 2025 | $0.09 |
| 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 |
TDTT Risk
- 2.4%
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.
- 0.09
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.
- −7.0%
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.
- 0.33
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TDTT Cost
- The middle half of TIPS funds
- Median 0.10%
28 of the 41 TIPS funds charge less.