Northern Trust 2045 Inflation-Linked Distributing Ladder ETF
$94.77+0.00 (+0.00%)
- Expense ratio
- 0.10%
- Fund size
- $6M
- 1Y return
- −1.4%
- Yield · Last 12 months
- 6.24%
- Holdings
- 18
- Volume · 30D
- 0M sh
- NAV per share
- $94.83
- 52W range
The ETF.net TIPC Grade
Score 61 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.DScore 31Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 31Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 31Category rank
Our read on TIPC
BA 20-year TIPS ladder in one ticker. TIPC holds inflation-protected Treasuries maturing in yearly rungs through 2045, sending back income and principal along the way, then liquidating in the terminal year.
The Fund is actively managed and uses a laddered bond strategy investing in U.S. Treasury Inflation-Protected Securities with maturities through 2045. It seeks periodic inflation-linked distributions comprising income and/or principal through that year.
Why people hold it
- The ladder is built and maintained for you: roughly 20 rungs of TIPS with maturities clustered in each year from 2026 through 2045, held in about equal par-value proportions.flexshares.com
- Inflation is built into the plumbing. TIPS principal and interest move with the inflation rate, so the annual payouts are designed to track prices rather than sit fixed in nominal dollars.flexshares.com
- 0.10% a year for an actively managed ladder, matching the median fee among target-maturity bond ETFs.
- An odd one out in a cohort built around nominal corporate and Treasury target-maturity funds (IBTJ, BSCT, IBDU): here the cash flows are linked to inflation, not locked to a coupon.
Worth knowing
- Payouts can include return of capital, which shrinks your stake as it pays down, and the split between income and principal is not predictable when you buy.ntam.northerntrust.comsec.gov
- It has an end date. The fund is designed to liquidate in the terminal year, so shareholders get no distributions beyond it.ntam.northerntrust.com
- Launched in 2025, still small and lightly traded. Spreads can matter more than the fee, and a fund that never reaches viable size may wind up before the terminal year.flexshares.com
TIPC Holdings
- Bonds
- 18
- 68%
- UNITED STATES OF AMERICA BOND FIXED 2.125%
Geography
- United States100.00%
TIPC 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 | TIPC |
|---|---|
| Year to date | −1.3% |
| 1 month | −1.5% |
| 3 months | −2.0% |
| 1 year | −1.4% |
| 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 | TIPC |
|---|---|---|
| 2026 YTD | −1.3% | |
| 2025 | +1.8% |
TIPC in the news
ETF.net Research hasn’t filed on TIPC yet — coverage lands here as it’s written.
TIPC Dividends
- 6.24%
- $5.91
- $0.77 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 3, 2026 | Aug 7, 2026 | $0.77 |
| Jul 1, 2026 | Jul 8, 2026 | $1.37 |
| Jun 1, 2026 | Jun 5, 2026 | $1.27 |
| May 1, 2026 | May 7, 2026 | $0.65 |
| Apr 1, 2026 | Apr 7, 2026 | $0.35 |
| Dec 19, 2025 | Dec 26, 2025 | $0.47 |
| Dec 1, 2025 | Dec 5, 2025 | $0.28 |
| Nov 3, 2025 | Nov 7, 2025 | $0.46 |
| Oct 1, 2025 | Oct 7, 2025 | $0.31 |
| Sep 2, 2025 | Sep 8, 2025 | $0.21 |
TIPC Risk
- 3.8%
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.
- −0.83
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.
- −3.8%
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.
- 0.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TIPC Cost
- The middle half of TIPS funds
- Median 0.10%
6 of the 41 TIPS funds charge less.