TDTF Fees and Costs — FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
Data updated: 2026-09-25
The net expense ratio is 0.18%: a 0.18% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 59%.
TDTF Fees and Expenses
Annual operating expenses and sales charges of TDTF. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TDTF Costs Over Time
On $10,000 invested in TDTF, assuming 5% a year before costs, total costs come to $114 over 5 years, cutting the return by 0.19% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.18%) | $19 | $59 | $104 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
TDTF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $5.5M
- Net income from securities lending: $3K (0.000% of average net assets)
TDTF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $204.2M | 15.69% |
| Nomura Securities International, Inc. | $200.5M | 15.41% |
| J.P. Morgan Securities LLC | $196.1M | 15.07% |
| Barclays Capital, Inc. | $187.2M | 14.39% |
| Bank of Montreal | $168.8M | 12.98% |
| Citigroup Global Markets Inc. | $134.8M | 10.36% |
| Citadel Securities LLC | $109.4M | 8.41% |
| RBC Capital Markets, LLC | $39.2M | 3.01% |
| BNP Paribas Securities Corp. | $33.2M | 2.55% |
| Jane Street Capital, LLC | $27.8M | 2.14% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.