FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$23.61
- Net Assets:$0 Million
- NAV:$23.66
- Premium-0.21%
- Peer Rank:17 of 62
- Investment Rating:C
- Performance:C-
- RiskB
We rate FlexShs iB 3Y Tgt Dur TIPS Idx at C. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Government Bond strategy.
Total return ranks below peers over the last three years. The FlexShs iB 3Y Tgt Dur TIPS Idx has returned an annual rate of 1.53% since inception. More recently, the fund has generated a total return of 3.05% in the last five years, 1.11% in the last three years, and 3.74% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 36% of them. It has also outpaced 40% of its competitors on a three year basis and 22% of them over the last year for the period ending 2/29/2024. On a year to date basis, TDTT has returned 0.21%.
Downside risk has been below average. TDTT has a draw down risk of -13.35%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 4.3%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As TDTT is an exchange traded fund, it has no front end or back end load.
The FlexShs iB 3Y Tgt Dur TIPS Idx is managed by Michael Chico at Northern Trust Corp. This fund is one of 29 Northern Trust Corp exchange-traded funds launched since 9/16/2011 that we track.