About FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT)

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund (ETF) that seeks to provide investors with exposure to U.S. Treasury Inflation-Protected Securities (TIPS) with a target duration of approximately three years. TIPS are a type of government bond that offers protection against inflation by adjusting the principal value of the bond based on changes in the Consumer Price Index (CPI). As a result, TIPS provide investors with a real, inflation-adjusted return.

The TDTT ETF tracks the performance of the iBoxx 3-Year Target Duration TIPS Index, which is composed of TIPS with maturities between one and ten years. The index is designed to reflect the performance of a portfolio of TIPS with a target duration of three years. By targeting a specific duration, the fund aims to provide investors with a more predictable income stream and reduced interest rate risk compared to longer-duration TIPS funds.