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Northern Trust Investment Grade US Corporate Bond Index

 
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Index Overview
The Northern Trust Investment Grade US Corporate Bond Index is designed to measure the performance of a diversified universe of investment grade, US dollar denominated, corporate bonds issued in the United States. The index is comprised of eligible securities with $250mm or more in outstanding principal, and a maturity range of two to ten years at each reconstitution.
Index Construction
Capitalization-Weighted
Index Methodology
The construction of each 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: NTUICB
  • Total Return: NTUICBTR

Related Documents

 
Inception Date30-SEP-14
Index Value at Inception Date1,000
Hypothetical Inception Date31-DEC-03
Index Value at Hypothetical Inception Date578.54

Total Returns

As of 20-FEB-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
NTUICBTR
-1.06-11.41-1.43-5.56-1.49-2.90-1.80-11.788.952.5630-SEP-14
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Index Characteristics
 
Index Constituents3,505
Weighted Average Yield to Maturity3.44%
Weighted Average Coupon3.49%
Weighted Average Yield to Worst3.44%
20-FEB-18
Weighted Average Maturity5.41
Weighted Average Effective Duration4.75
Weighted Average Option Adjusted Spread80.35
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Index Constituents by Weight
View All

as of 20-FEB-18
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 3.6500 02/01/20260.37%
ANHEUSER BUSCH INBEV FIN INC 2.6500 02/01/20210.25%
CASH_USD0.25%
VERIZON COMMUNICATIONS INC 5.1500 09/15/20230.21%
GE CAPITAL INTERNATIONAL FDG 2.3420 11/15/20200.20%
ANHEUSER BUSCH INBEV FIN INC 3.3000 02/01/20230.20%
APPLE INC 2.4000 05/03/20230.18%
AT&T INC 3.9000 08/14/20270.17%
GOLDMAN SACHS GROUP INC 5.7500 01/24/20220.17%
AT&T INC 3.4000 05/15/20250.16%
% of Index2.16%

Top 10 Issuers by Index Weight
View All

as of 20-FEB-18
Issuer Name# of IssuesWeight
JPMORGAN CHASE & CO342.36%
GOLDMAN SACHS GROUP INC282.19%
BANK AMER CORP322.15%
CITIGROUP INC321.97%
MORGAN STANLEY231.92%
WELLS FARGO CO MTN BE231.82%
APPLE INC291.72%
AT&T INC241.42%
HSBC HLDGS PLC221.35%
ANHEUSER BUSCH INBEV FIN INC91.15%
% of Index18.05%

Key Rate Duration (KRD)
 

as of 20-FEB-18
MaturityKRD
3 Month0.00
1 Year0.01
2 Year0.22
3 Year0.80
5 Year1.15
7 Year1.60
10 Year0.95
15 Year0.00
20 Year0.00
25 Year0.00
30 Year0.00
YEARS4.73
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust Investment Grade US Corporate Bond Index
NTUICBTR
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