TDX Independence 2010 ETF (TDD) is one in a series of Independence Lifecycle ETFs that serve as a one-stop solution to target date investing. The Fund seeks investment results, before fees and expenses, of the Zacks 2010 Lifecycle Index, an index of securities from three broad asset classes: international equities, domestic equities, and fixed income securities. TDD is a fully diversified portfolio, managed to the specific target year of 2010. The asset mix of TDD’s portfolio changes gradually over time. Assets in TDD will be adjusted accordingly as the target date approaches, from a more aggressive allocation, emphasizing greater equity exposure, to a more conservative allocation emphasizing fixed income exposure.
At inception, TDD has a moderately conservative allocation to risk-based securities, such as domestic and international equities. Balances then move automatically down the risk glide path to arrive at a conservative allocation in the year 2010. As a moderately conservative fund, the initial allocation was approximately 8% in international equities, 25% in domestic equities and 67% in fixed income. Balances then follow a glide path, from an estimated 33% equity exposure to 10% in the year 2010. In the five years after the target date, TDD gradually increases its risk exposure to match that of the Lipper Conservative Funds Index. TDD then replicates the Lipper equity allocation (currently 33%) on a static basis, to perpetuity.
XShares Advisors LLC is the investment advisor for TDD. Bank of New York acts as custodian and transfer agent.
| Market data | |
|---|---|
| Price (01/05/2009)* | $22.07 |
| Change | $0.00 |
| Volume | 0 |
| NAV History Prem./Disc. Chart | |
| Details | |
|---|---|
| NAV as of 01/05/2009 | $21.73 |
| NAV Change | $0.01 |
| Shares Outstanding | 800,800 |
| Total Cash | $17,203.64 |
| Estimated Cash | $17,203.64 |
| Bid as of 01/05/2009 | $21.29 |
| Mid point as of 01/05/2009 | $22.14 |
| Ask as of 01/05/2009 | $22.99 |
| Market Price as of 01/05/2009* | $22.07 |
| Change | $0.00 |
| Premium/Discount*** | 1.89% |
| Expense ratio as of 01/07/2009 | 0.65% |
| Inception date | 10/01/2007 |
| Ticker symbol | TDD |
| IOPV** ticker symbol | TDDIV |
* Last Sale.
** Indicative Optimized Portfolio Value.
*** Bid/Ask Midpoint versus NAV.
