| Investment Objective: |
Northern Trust 2055 Inflation-Linked Distributing Ladder ETF seeks to provide periodic inflation-linked distributions through U.S. Treasury Inflation Protected Securities (commonly known as "TIPS"), consisting of income and/or principal through 2055. The Fund seeks to achieve its investment objective by employing a "laddered" bond strategy, pursuant to which the Fund will invest in TIPS with different maturity dates (or "rungs") through the year 2055 (the "terminal year"). Generally, NTI implements the Fund's laddered bond strategy by investing the Fund's assets in approximately equal proportions (as measured by par value) across the existing rungs at the time of investment to provide periodic distributions to investors in the form of income and/or principal (based upon par value of the underlying bonds) each year through the terminal year. The Fund will initially be comprised of 30 rungs with clusters of maturities throughout 2026 and each subsequent year through 2055. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in inflation-linked securities. Inflation- linked securities include fixed and floating rate debt securities of varying maturities issued by the U.S. government. |
