Northern Trust 2035 Inflation-Linked Distributing Ladder ETF
$96.38−0.01 (−0.01%)
- Expense ratio
- 0.10%
- Fund size
- $10M
- 1Y return
- +0.3%
- Yield · Last 12 months
- 5.24%
- Holdings
- 11
- Volume · 30D
- 0M sh
- NAV per share
- $96.41
- 52W range
The ETF.net TIPB Grade
Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 68Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 33Category rank
Our read on TIPB
BMost target-maturity bond ETFs ladder nominal bonds and pay fixed coupons. This one holds U.S. Treasury inflation-protected securities and makes periodic inflation-linked payouts of income and, at times, principal, winding down through 2035.
The Fund seeks periodic inflation-linked distributions from U.S. Treasury Inflation Protected Securities, consisting of income and/or principal through 2035.
Why people hold it
- Built on U.S. TIPS, so the distributions it aims to pay track inflation-adjusted Treasury cash flows rather than fixed coupons.
- 0.10% expense ratio, sitting right at the median for target-maturity bond funds.
- Peers like IBTJ, BSCT and IBDU ladder nominal bonds. TIPB runs the same defined-term playbook with inflation-protected Treasuries instead.
- Narrow, checkable mandate: U.S. inflation-protected Treasuries with a 2035 end date, and the portfolio hews closely to it.
Worth knowing
- Payouts are periodic and irregular and can include return of principal, so the cash stream varies and the pot is designed to shrink toward 2035.
- Small asset base and thin trading, so the bid-ask spread can matter more to your cost than the 0.10% fee.
- Launched in 2025, so there is only a short live record of tracking and distribution behavior to examine.
TIPB Holdings
- Bonds
- 11
- 99%
- UNITED STATES OF AMERICA NOTES FIXED 0.125%
Geography
- United States100.00%
TIPB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TIPB |
|---|---|
| Year to date | +0.2% |
| 1 month | −1.4% |
| 3 months | −0.8% |
| 1 year | +0.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TIPB |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +1.2% |
TIPB in the news
ETF.net Research hasn’t filed on TIPB yet — coverage lands here as it’s written.
TIPB Dividends
- 5.24%
- $5.05
- $0.72 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 3, 2026 | Aug 7, 2026 | $0.72 |
| Jul 1, 2026 | Jul 8, 2026 | $1.07 |
| Jun 1, 2026 | Jun 5, 2026 | $1.05 |
| May 1, 2026 | May 7, 2026 | $0.57 |
| Apr 1, 2026 | Apr 7, 2026 | $0.30 |
| Dec 19, 2025 | Dec 26, 2025 | $0.37 |
| Dec 1, 2025 | Dec 5, 2025 | $0.33 |
| Nov 3, 2025 | Nov 7, 2025 | $0.40 |
| Oct 1, 2025 | Oct 7, 2025 | $0.26 |
| Sep 2, 2025 | Sep 8, 2025 | $0.19 |
TIPB Risk
- 1.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.24
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TIPB Cost
- The middle half of TIPS funds
- Median 0.10%
6 of the 41 TIPS funds charge less.