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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 24-JUN-19
 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
2.2930.623.5214.377.8316.327.5416.3618.783.7030-SEP-14
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Index Characteristics
 
Index Constituents3,503
Weighted Average Yield to Maturity2.85%
Weighted Average Coupon3.66%
Weighted Average Yield to Worst2.83%
24-JUN-19
Weighted Average Maturity5.44
Weighted Average Effective Duration4.72
Weighted Average Option Adjusted Spread100.22
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Index Constituents by Weight
View All

as of 24-JUN-19
Security NameWeight
CVS HEALTH CORP 4.3000 03/25/20280.31%
CASH_USD0.24%
CVS HEALTH CORP 3.7000 03/09/20230.20%
BANK AMER CORP 3.4190 12/20/20270.20%
BANK AMER CORP 3.0040 12/20/20220.20%
APPLE INC 2.4000 05/03/20230.18%
CVS HEALTH CORP 4.1000 03/25/20250.17%
AT&T INC 3.4000 05/15/20250.17%
CHARTER COMMUNICATIONS OPER 4.9080 07/23/20250.16%
GOLDMAN SACHS GROUP INC 5.7500 01/24/20220.16%
% of Index1.99%

Top 10 Issuers by Index Weight
View All

as of 24-JUN-19
Issuer Name# of IssuesWeight
BANK AMER CORP342.76%
JPMORGAN CHASE & CO392.70%
CITIGROUP INC342.11%
GOLDMAN SACHS GROUP INC231.95%
MORGAN STANLEY211.87%
WELLS FARGO CO MTN BE211.69%
APPLE INC221.33%
HSBC HLDGS PLC191.29%
CVS HEALTH CORP131.08%
COMCAST CORP NEW211.04%
% of Index17.82%

Key Rate Duration (KRD)
 

as of 24-JUN-19
MaturityKRD
3 Month0.00
1 Year0.02
2 Year0.24
3 Year0.79
5 Year1.15
7 Year1.65
10 Year0.85
15 Year0.00
20 Year0.00
25 Year0.00
30 Year0.00
YEARS4.70
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust Investment Grade US Corporate Bond Index
NTUICBTR
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