# Portfolio overlap — TIPC vs FIPDX Comparing **Northern Trust 2045 Inflation-Linked Distributing Ladder ETF** (2026-03-31) and **Fidelity Inflation-Protected Bond Index Fund** (2026-03-31). - Shared positions: 15 - Northern Trust 2045 Inflation-Linked Distributing Ladder ETF covered by Fidelity Inflation-Protected Bond Index Fund: 0.3655797949872406229587003570 - Fidelity Inflation-Protected Bond Index Fund covered by Northern Trust 2045 Inflation-Linked Distributing Ladder ETF: 0.3655797949872406229587003571 ## Northern Trust 2045 Inflation-Linked Distributing Ladder ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. TREASURY INFLATION-PROTECTED SECURITIES 2 1/8% 02/15/40 | 0.127379 | ✓ | | U.S. Treasury Inflation-Protected Indexed Bonds | 0.124294 | ✓ | | U.S. Treasury Inflation-Protected Indexed Notes | 0.090097 | ✓ | | U.S. Treasury Notes | 0.087188 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.052221 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 | 0.051922 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/8% 02/15/2044 | 0.049853 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.049033 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.048219 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2042 | 0.047941 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.047543 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.045677 | ✓ | | U.S. Treasury Inflation-Protected Indexed Notes | 0.045408 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.045274 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | 0.045055 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2045 | 0.042895 | ✓ | ## Fidelity Inflation-Protected Bond Index Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. Treasury Inflation-Protected Indexed Notes | 0.040490 | ✓ | | U.S. Treasury Inflation-Protected Indexed Notes | 0.040075 | | | U.S. Treasury Notes | 0.039764 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.036575 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.035230 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.034278 | | | U.S. Treasury Inflation-Protected Indexed Notes | 0.032981 | ✓ | | U.S. Treasury Inflation-Protected Notes 1.75%, Due 01/15/2034 | 0.032638 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.032396 | | | U.S. Treasury Notes | 0.031104 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.031092 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033 | 0.030964 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.030843 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.029985 | ✓ | | U.S. Treasury Notes | 0.029584 | | | U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.028565 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.028399 | | | U.S. Treasury Inflation-Linked Notes | 0.028146 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES .25% 07/15/29 | 0.027894 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.027760 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.027648 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/32 | 0.026958 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.024049 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.020856 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.017717 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.016719 | | | U.S. Treasury Inflation-Indexed Notes | 0.014777 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-1/2% 01/15/29 | 0.013932 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/8% 02/15/2044 | 0.013777 | ✓ | | U.S. Treasury Inflation-Protected Indexed Bonds | 0.013193 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.012840 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2045 | 0.012341 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.50% 2/15/2053 | 0.011301 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2042 | 0.011301 | ✓ | | Fidelity Securities Lending Cash Central Fund | 0.010993 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-7/8% 02/15/2047 | 0.009590 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | 0.009230 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-3/8% 04/15/32 | 0.009109 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0.25% 02/15/2050 | 0.007968 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.007904 | | | U.S. Treasury Inflation-Protected Indexed Bonds | 0.007790 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 02/15/2052 | 0.006942 | | | U.S. Treasury Inflation-Protected Notes 2.125%, Due 02/15/2054 | 0.006882 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 2 1/8% 02/15/40 | 0.006532 | ✓ | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/48 | 0.006417 | | | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.375% 02-15-56 | 0.005754 | | | U.S. Treasury Inflation-Protected Indexed Bonds | 0.005529 | | | Fidelity Cash Central Fund | 0.005409 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/46 | 0.005347 | | | U.S. Treasury Inflation Linked Bonds | 0.002432 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-012335` (as of 2026-03-31) - N-PORT (fund B) — accession `0000035402-26-003383` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _