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FlexShares iBoxx 3 Year Target Duration TIPS Index Fund
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| FlexShares iBoxx 3-Year Target Duration TIPS Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the iBoxx 3-Year Target Duration TIPS Index. |
| Category | Inflation Protected |
| Fund Sponsor | Northern Trust Investments Inc |
| Website | www.flexshares.com |
| Inception date | Sep 19, 2011 |
| Assets (mns) | $1,823 |
| Currency | USD |
| Expense ratio | 18 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | JPMorgan Chase Bank NA |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 13 |
| No of distinct issuers | 1 |
| Inflation protected | 100% |
| Variable/Fixed coupon | 0% /100% |
| Non-standard maturity (callable, etc.) | 36% |
| GOVT OF THE UNITED ST 0.6% 4/15/23 | 10.2 % |
| UNITED STATES TREASUR 0.6% 1/15/24 | 9.5 % |
| UNITED STATES TREASUR 0.1% 7/15/22 | 9.4 % |
| UNITED STATES TREASUR 0.4% 7/15/23 | 9.4 % |
| UNITED STATES TREASUR 0.1% 1/15/23 | 9.4 % |
| UNITED STATES TREASUR 0.1% 4/15/21 | 4.2 % |
| UNITED STATES TREASUR 0.6% 1/15/26 | 4.1 % |
| UNITED STATES TREASUR 0.1% 4/15/22 | 4.1 % |
| UNITED STATES TREASUR 0.1% 1/15/22 | 4.1 % |
| UNITED STATES TREASUR 0.4% 7/15/25 | 3.9 % |
| TOTAL | 68.2 % |
|---|
| U.S. TREASURY | 100.0% |
 |
UNITED STATES | 100.0 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -0.1% | 2.3% | 3.2% | 2.0% | 1.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.46 | 58% |
| S&P500 | 0.16 | 45% |
| MSCI EAFE | 0.17 | 45% |
| MSCI Emg. Mkts. | 0.11 | 19% |
| Recent close | $23.53 |
| 30d moving avg. | $23.31 |
| Annualized volatility | 4.3% |
| Short interest (ETF) | 0.2% |
| Relative strength (RSI) | 66 |
| Avg. volume (thou.) | 176 |
| Avg. daily value traded (mns) | $4 |
| Turnover | 0.2% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| TDTT | 3.1 yrs | Category Avg.* |
7.8 yrs |
| TDTT | 3.1% | Category Avg.* |
7.8% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 4.39% | -0.3% | $23.47 |
| +200 bp | 3.39% | -2.2% | $23.02 |
| +150 bp | 2.89% | -2.4% | $22.97 |
| +100 bp | 2.39% | -2.1% | $23.04 |
| +75 bp | 2.14% | -1.8% | $23.12 |
| +50 bp | 1.89% | -1.3% | $23.23 |
| +25 bp | 1.64% | -0.7% | $23.36 |
| 0 bp | 1.39% | 0% | $23.53 |
| -25 bp | 1.14% | 0.8% | $23.73 |
| -50 bp | 0.89% | 1.8% | $23.95 |
| -75 bp | 0.64% | 2.9% | $24.21 |
| -100 bp | 0.39% | 4.1% | $24.49 |
| -150 bp | -0.11% | 6.9% | $25.15 |
| -200 bp | -0.61% | 10.2% | $25.93 |
| -300 bp | -1.61% | 18.3% | $27.83 |
*Fund Category: INFLATION PROTECTED
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
327 | bp |
| Less: Annual "default factor" |
0 | bp |
| Less: Expense ratio | 18 | bp |
| Equals: ALTAR Score | 3.09 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The FlexShares iBoxx 3 Year Target Duration TIPS Index Fund is classified as a Inflation Protected fund. | |