Northern Trust 2045 Inflation-Linked Distributing Ladder ETF

The Northern Trust 2045 Inflation-Linked Distributing Ladder ETF is a fixed income exchange-traded fund designed to offer periodic, inflation-protected income distributions through 2045. The ETF invests primarily in U.S. Treasury Inflation-Protected Securities (TIPS), which adjust their principal and interest payments with changes in the Consumer Price Index, thereby maintaining purchasing power in the face of inflation. Notably, the fund employs a 'laddered' maturity structure, meaning it holds TIPS that mature at staggered intervals, allowing for systematic monthly income and annual principal distributions over its 20-year investment horizon. This structure is particularly suited for individuals managing retirement spending or seeking reliable, inflation-linked cash flows. By consolidating a laddered TIPS portfolio into a single ETF, it provides investors with accessibility, liquidity, diversification, and operational simplicity that would be more complex and costly to replicate individually. Northern Trust developed this ETF as part of a broader suite of income solutions, responding to the needs of investors who prioritize both cash flow management and protection against inflation erosion in their long-term planning.