Trade Cost Estimator
The fee table says 0.03%; the fill says otherwise. For a real order size, this instrument reads the tape — how much of the day’s volume you are, what the spread likely takes, and when the right move is a phone call, not a market order.
Volume & price are primary data · spread is a liquidity-band model, stated as an estimate
$12Mtypical dollars traded per day
8.2%your order vs the daily tape
~8bpspread band · ≈$400 on this order
work the orderthe desk’s read
TDTF · $1,000,000 orderThis order IS the market for stretches of the day. Work it in slices, or use the fund's liquidity provider.
FLEXSHARES IBOXX 5-YEAR TARGET DURATION TIPS INDEX FUND · LAST $23.10 · AVG VOLUME 531K SHARES · ETF LIQUIDITY IS DEEPER THAN THE SCREEN — AUTHORIZED PARTICIPANTS CAN CREATE SHARES AGAINST THE UNDERLYING BOOK, WHICH IS WHY THE ISSUER’S CAPITAL-MARKETS DESK EXISTS