# Portfolio overlap — TIPC vs VTP

Comparing **Northern Trust 2045 Inflation-Linked Distributing Ladder ETF** (2026-03-31) and **VANGUARD TOTAL INFLATION-PROTECTED SECURITIES ETF** (2026-03-31).

- Shared positions: 15
- Northern Trust 2045 Inflation-Linked Distributing Ladder ETF covered by VANGUARD TOTAL INFLATION-PROTECTED SECURITIES ETF: 0.3639422438624235804126927211
- VANGUARD TOTAL INFLATION-PROTECTED SECURITIES ETF covered by Northern Trust 2045 Inflation-Linked Distributing Ladder ETF: 0.3639422438624235804126927213

## 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 | ✓ |

## VANGUARD TOTAL INFLATION-PROTECTED SECURITIES ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. Treasury Notes | 0.041487 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.040861 |  |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.038443 | ✓ |
| U.S. Treasury Inflation-Protected Notes 1.75%, Due 01/15/2034 | 0.036690 |  |
| U.S. Treasury Inflation-Linked Notes | 0.034725 |  |
| U.S. Treasury Notes | 0.034509 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033 | 0.034297 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.034037 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.033927 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.033470 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.032337 | ✓ |
| U.S. Treasury Notes | 0.032327 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  01/15/32 | 0.031904 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.030558 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.030445 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.030403 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.029781 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.029407 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.028966 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.027537 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.027214 |  |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.026446 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.023992 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25%  07/15/29 | 0.023872 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.020316 |  |
| U.S. Treasury Inflation-Indexed Notes | 0.014448 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.013940 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/8% 02/15/2044 | 0.013339 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2045 | 0.012837 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.012133 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.011336 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.011288 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2042 | 0.011190 | ✓ |
| U.S. Treasury Inflation-Protected Notes 2.125%, Due 02/15/2054 | 0.011030 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-1/2% 01/15/29 | 0.010765 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.50% 2/15/2053 | 0.009402 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.008958 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | 0.008631 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-7/8% 02/15/2047 | 0.007940 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  02/15/2052 | 0.007023 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/46 | 0.006735 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0.25% 02/15/2050 | 0.006487 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.005984 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2 1/8% 02/15/40 | 0.005981 | ✓ |
| UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.375% 02-15-56 | 0.005853 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/48 | 0.005773 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-3/8% 04/15/32 | 0.005321 |  |
| U.S. Treasury Inflation Linked Bonds | 0.005227 |  |
| Vanguard Market Liquidity Fund | 0.000425 |  |


## 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 `0000836906-26-000265` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/836906/000083690626000265/0000836906-26-000265-index.htm>

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