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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 17-AUG-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
0.637.651.867.600.821.66-0.94-1.489.912.4630-SEP-14
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Index Characteristics
 
Index Constituents3,583
Weighted Average Yield to Maturity3.73%
Weighted Average Coupon3.55%
Weighted Average Yield to Worst3.72%
17-AUG-18
Weighted Average Maturity5.42
Weighted Average Effective Duration4.71
Weighted Average Option Adjusted Spread96.05
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Index Constituents by Weight
View All

as of 17-AUG-18
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 3.6500 02/01/20260.36%
CVS HEALTH CORP 4.3000 03/25/20280.30%
ANHEUSER BUSCH INBEV FIN INC 2.6500 02/01/20210.24%
CASH_USD0.23%
CVS HEALTH CORP 3.7000 03/09/20230.20%
GE CAPITAL INTERNATIONAL FDG 2.3420 11/15/20200.20%
ANHEUSER BUSCH INBEV FIN INC 3.3000 02/01/20230.20%
BANK AMER CORP 3.0040 12/20/20220.19%
BANK AMER CORP 3.4190 12/20/20270.19%
APPLE INC 2.4000 05/03/20230.18%
% of Index2.29%

Top 10 Issuers by Index Weight
View All

as of 17-AUG-18
Issuer Name# of IssuesWeight
BANK AMER CORP362.63%
JPMORGAN CHASE & CO372.47%
CITIGROUP INC362.11%
GOLDMAN SACHS GROUP INC272.09%
MORGAN STANLEY231.89%
WELLS FARGO CO MTN BE221.68%
APPLE INC251.53%
HSBC HLDGS PLC221.31%
ANHEUSER BUSCH INBEV FIN INC101.21%
CVS HEALTH CORP151.18%
% of Index18.10%

Key Rate Duration (KRD)
 

as of 17-AUG-18
MaturityKRD
3 Month0.00
1 Year0.01
2 Year0.24
3 Year0.79
5 Year1.12
7 Year1.61
10 Year0.94
15 Year0.00
20 Year0.00
25 Year0.00
30 Year0.00
YEARS4.71
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust Investment Grade US Corporate Bond Index
NTUICBTR
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