# Portfolio overlap — PIPIX vs TIPX

Comparing **Inflation Protection Fund** (2026-01-31) and **State Street(R) SPDR(R) Bloomberg 1-10 Year TIPS ETF** (2026-03-31).

- Shared positions: 30
- Inflation Protection Fund covered by State Street(R) SPDR(R) Bloomberg 1-10 Year TIPS ETF: 0.7883847190710791668331308833
- State Street(R) SPDR(R) Bloomberg 1-10 Year TIPS ETF covered by Inflation Protection Fund: 0.7883847190710791668331308833

## Inflation Protection Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Principal Government Money Market Fund - Class R-6 | 0.054038 |  |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.043934 | ✓ |
| U.S. Treasury Notes | 0.042692 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.037674 | ✓ |
| U.S. Treasury Inflation-Protected Notes 1.75%, Due 01/15/2034 | 0.036875 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.033818 | ✓ |
| U.S. Treasury Inflation-Linked Notes | 0.033695 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.033370 | ✓ |
| U.S. Treasury Notes | 0.032891 | ✓ |
| U.S. Treasury Notes | 0.032477 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  01/15/32 | 0.032011 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.031760 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.031197 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033 | 0.031036 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.030311 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.029383 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.029234 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.028248 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.027529 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.025143 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.024791 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25%  07/15/29 | 0.023923 | ✓ |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.023902 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.019743 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.019155 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2042 | 0.014190 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.014140 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/8% 02/15/2044 | 0.013190 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.013054 | ✓ |
| U.S. Treasury Inflation-Protected Notes 2.125%, Due 02/15/2054 | 0.012167 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-1/2% 01/15/29 | 0.011540 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2045 | 0.011425 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.009692 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.50% 2/15/2053 | 0.009199 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.009054 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | 0.008812 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.007684 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  02/15/2052 | 0.007190 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-7/8% 02/15/2047 | 0.007068 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/46 | 0.006873 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0.25% 02/15/2050 | 0.006518 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.005999 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/48 | 0.005863 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-3/8% 04/15/32 | 0.005721 | ✓ |
| U.S. Treasury Inflation Linked Bonds | 0.005342 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.003506 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2 1/8% 02/15/40 | 0.001867 |  |
| Progress Residential 2022-SFR7 Trust | 0.001484 |  |
| Barclays Mortgage Loan Trust, Series 2025-NQM3, Class A1 | 0.001104 |  |
| HOMES Trust, Series 2025-AFC2, Class A1A | 0.001096 |  |

## State Street(R) SPDR(R) Bloomberg 1-10 Year TIPS ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. Treasury Notes | 0.044121 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.041547 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.040487 | ✓ |
| U.S. Treasury Notes | 0.039209 | ✓ |
| U.S. Treasury Inflation-Linked Notes | 0.039124 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  01/15/32 | 0.039069 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.037279 | ✓ |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.035745 | ✓ |
| U.S. Treasury Inflation-Protected Notes 1.75%, Due 01/15/2034 | 0.035420 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.035370 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033 | 0.035271 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.035259 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25%  07/15/29 | 0.034365 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.033972 | ✓ |
| U.S. Treasury Notes | 0.033957 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.033772 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.033751 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.033588 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.032954 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.032572 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.032452 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.031610 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.030369 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.030348 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.029677 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.029221 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.025646 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.016899 | ✓ |
| U.S. Treasury Inflation-Indexed Notes | 0.016149 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-1/2% 01/15/29 | 0.016013 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-3/8% 04/15/32 | 0.010050 | ✓ |
| State Street Navigator Securities Lending Portfolio II | 0.004734 |  |


## Sources

- N-PORT (fund A) — accession `0000898745-26-000443` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/898745/000089874526000443/0000898745-26-000443-index.htm>
- N-PORT (fund B) — accession `0001410368-26-055574` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1064642/000141036826055574/0001410368-26-055574-index.htm>

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