Northern Trust 2056 Inflation-Linked Distributing Ladder ETF

Frequently Asked Questions About TIPH

What does TIPH invest in?

Northern Trust 2056 Inflation-Linked Distributing Ladder ETF is an actively managed exchange-traded fund that seeks to provide periodic inflation-linked distributions through investments in U.S. Treasury Inflation-Protected Securities (TIPS), consisting of income and/or principal through 2056. The fund employs a laddered bond strategy, investing in TIPS with staggered maturity dates through 2056 and generally allocating its assets in approximately equal proportions across the available maturity rungs. As securities mature, the fund generally distributes the proceeds to shareholders rather than reinvesting them in later maturities, providing periodic income and principal distributions over the fund’s investment horizon. Upon maturity of the final rung in 2056, the fund is expected to liquidate and distribute substantially all remaining assets.

What is the expense ratio of TIPH?

Northern Trust 2056 Inflation-Linked Distributing Ladder ETF (TIPH) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is TIPH's dividend yield?

TIPH's trailing-twelve-month yield is 0.15%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TIPH?

Effective duration measures TIPH's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TIPH's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TIPH?

TIPH's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TIPH?

Yield to maturity (YTM) is the total return you'd earn from TIPH if every bond in the portfolio is held to maturity at the current price. TIPH's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.