# Portfolio overlap — TIPC vs TIPB

Comparing **Northern Trust 2045 Inflation-Linked Distributing Ladder ETF** (2026-03-31) and **Northern Trust 2035 Inflation-Linked Distributing Ladder ETF** (2026-03-31).

- Shared positions: 10
- Northern Trust 2045 Inflation-Linked Distributing Ladder ETF covered by Northern Trust 2035 Inflation-Linked Distributing Ladder ETF: 0.5625834584906331137431508434
- Northern Trust 2035 Inflation-Linked Distributing Ladder ETF covered by Northern Trust 2045 Inflation-Linked Distributing Ladder ETF: 0.5625834584906331137431508434

## 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 |  |

## Northern Trust 2035 Inflation-Linked Distributing Ladder ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.110185 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 | 0.109554 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.103459 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.101741 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.100314 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.096377 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.095810 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.095526 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.095051 | ✓ |
| U.S. Treasury Notes | 0.091982 | ✓ |


## Sources

- N-PORT (fund A) — accession `0002071691-26-012335` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/916620/000207169126012335/0002071691-26-012335-index.htm>
- N-PORT (fund B) — accession `0002071691-26-012337` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/916620/000207169126012337/0002071691-26-012337-index.htm>

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