Northern Trust iBoxx 3-Year Target Duration TIPS ETF
$23.33−0.01 (−0.04%)
- 0.19%
- $2.6B
- +0.6%
- 4.90%
- 0.3M sh
- $23.30
- low $23.17high $24.46
The ETF.net TDTT Grade
C
Score 54 out of 100
- 22 of 41
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 29 of 41Mission
Whether the fund did what it promised, tested against its stated mandate.B60 out of 100Rank 25 of 33Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 10 of 41Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 6 of 41Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 14 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 6 of 41
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 0.125%
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.
TDTT$10,064
Returns run to the Oct 12, 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 | +0.6% |
| 1 month | −0.3% |
| 3 months | −0.8% |
| 1 year | +0.6% |
| 3 years | +4.8% |
| 5 years | +2.3% |
| 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 | +0.6% | |
| 2025 | +6.7% | |
| 2024 | +4.0% | |
| 2023 | +4.4% | |
| 2022 | −4.6% | |
| 2021 | +5.5% | |
| 2020 | +6.8% |
TDTT in the news
The Big Picture
The Fed hiked. The 30-year yield fell 1 basis point
TDTT Dividends
- 4.90%
- $1.14
- $0.18 per share
- Monthly
Distribution history
TDTT Risk
- 2.5%
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.
- 0.02
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
0.19%
TDTT0.19%
- The middle half of TIPS funds
- Median 0.10%
28 of the 41 TIPS funds charge less.
Other funds in TIPS
- BTIPANorthern Trust 2030 Inflation-Linked Distributing Ladder ETFExpense ratio 0.10%1 year return +1.7%
- BTDTFNorthern Trust iBoxx 5-Year Target Duration TIPS ETFExpense ratio 0.19%1 year return −1.4%
- CSTPZPIMCO 1-5 Year U.S. TIPS Index Exchange-Traded FundExpense ratio 0.20%1 year return +0.5%
- CTIPZPIMCO Broad U.S. TIPS Index Exchange-Traded FundExpense ratio 0.20%1 year return −2.2%
- CLDRIiShares iBonds 1-5 Year TIPS Ladder ETFExpense ratio 0.10%1 year return +1.4%