# Northern Trust 2056 Inflation-Linked Distributing Ladder ETF (TIPH): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tiph for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: FlexShares · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2026-08-25 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 t... ## Key Facts | Metric | Value | |---|---| | Price | $96.73 | | Expense Ratio | 0.10% | | Assets Under Management | $1.9M | | NAV | $97.88 | | Holdings Count | 28 | | Distribution Yield (TTM) | 0.15% | | Annual Distribution (TTM) | $0.14 /share | | Distribution Frequency | Irregular | | 52-Week Range | $93.91 – $99.82 | | Beta | 0.00 | ## Latest Distribution - Amount: $0.1419 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-07 ## Frequently Asked Questions ### 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. ### Does TIPH pay a dividend? Yes, Northern Trust 2056 Inflation-Linked Distributing Ladder ETF (TIPH) distributes dividends to shareholders. The trailing-twelve-month yield is 0.15%. Full dividend history is on this page. ### How often does TIPH pay dividends? Northern Trust 2056 Inflation-Linked Distributing Ladder ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is TIPH's next ex-dividend date? The most recently announced ex-dividend date for TIPH was 2026-10-01. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will TIPH's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TIPH charge its expense ratio? The expense ratio is deducted in tiny daily slices from TIPH's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TIPH cost more than a fund like VOO? TIPH is actively managed (current expense ratio 0.10%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TIPH's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TIPH? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TIPH (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tiph - Distribution history: https://www.dividenddata.com/funds/tiph/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tiph/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tiph/expenses - Peer comparison: https://www.dividenddata.com/funds/tiph/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.