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Northern Trust High Yield US Corporate Bond Index

 
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Index Overview
The Northern Trust High Yield US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US dollar denominated corporate bonds issued by companies who are members of the G12 or G10 Currencies. The index is comprised of eligible securities with $150mm or more in outstanding principal, a maturity of one year at the time of each reconstitution (also a final maturity of at least 18 months at the time of issuance), and securities not in defaulted status.
Index Construction
Capitalization Weighted
Index Methodology
The construction of the index begins with a securities screen to determine eligibility for inclusion in the index. Once all eligible securities have been identified, a market value weighting scheme is applied to derive each index constituents' weight.

For more details on this methodology, please see the Index Documents tab.
Index Return Streams Available
  • Price Return: NTUHCB
  • Total Return: NTUHCBTR

Related Documents

 
Inception Date29-MAR-18
Index Value at Inception Date1,000
Hypothetical Inception DateN/A
Index Value at Hypothetical Inception DateN/A

Total Returns

As of 14-DEC-18
 1 Month %1 Month Annualized %3 Month %3 Month Annualized %6 Month %6 Month Annualized %YTD %YTD Annualized %Since Inception %Since Inception Annualized %Inception Date
NTUHCBTR
-0.48-5.66-2.33-9.01-0.76-1.50N/AN/A0.120.1629-MAR-18
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Index Characteristics
 
Index Constituents1,899
Weighted Average Yield to Maturity7.44%
Weighted Average Coupon6.37%
Weighted Average Yield to Worst7.33%
14-DEC-18
Weighted Average Maturity5.99
Weighted Average Effective Duration4.05
Weighted Average Option Adjusted Spread447.93
Weighted Average NRSRO RatingB+
Index Composition

Top 10 Constituents Weights
View All

as of 14-DEC-18
Security NameWeight
NUMERICABLE GROUP SA 7.3750 05/01/20260.43%
SPRINT CORP 7.8750 09/15/20230.39%
REYNOLDS GROUP ISSUER LLC 5.7500 10/15/20200.28%
HCA INC 6.5000 02/15/20200.27%
VRX ESCROW CORP 5.8750 05/15/20230.26%
CCO HLDGS LLC / CCO HLDGS CAP 5.1250 05/01/20270.26%
VRX ESCROW CORP 6.1250 04/15/20250.26%
INTELSAT JACKSON HLDGS LTD 8.5000 10/15/20240.25%
CHS / CMNTY HEALTH SYS INC 6.2500 03/31/20230.25%
TENET HEALTHCARE CORP 8.1250 04/01/20220.25%
% of Index2.90%

Top 10 Issuers by Index Weight
View All

as of 14-DEC-18
Issuer Name# of IssuesWeight
HCA INC202.16%
SPRINT NEXTEL CORP122.01%
BAUSCH HEALTH COMPANIES INC111.58%
CCO HLDGS LLC / CCO HLDGS CAP141.58%
TENET HEALTHCARE CORP121.20%
T MOBILE USA INC100.95%
INTELSAT JACKSON HLDGS LTD70.88%
CSC HLDGS INC90.87%
CENTURYLINK INC130.84%
DISH DBS CORP60.83%
% of Index12.90%

Key Rate Duration (KRD)
 

as of 14-DEC-18
MaturityKRD
3 Month0.02
1 Year0.09
2 Year0.24
3 Year0.63
5 Year1.18
7 Year1.21
10 Year0.37
15 Year0.14
20 Year0.09
25 Year0.07
30 Year0.02
YEARS4.06
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust High Yield US Corporate Bond Index
NTUHCBTR
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