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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 18-OCT-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
-0.27-3.25000.380.75-1.57-1.959.212.2030-SEP-14
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Index Characteristics
 
Index Constituents3,597
Weighted Average Yield to Maturity4.00%
Weighted Average Coupon3.56%
Weighted Average Yield to Worst4.00%
18-OCT-18
Weighted Average Maturity5.35
Weighted Average Effective Duration4.64
Weighted Average Option Adjusted Spread95.11
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Index Constituents by Weight
View All

as of 18-OCT-18
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 3.6500 02/01/20260.35%
CVS HEALTH CORP 4.3000 03/25/20280.29%
ANHEUSER BUSCH INBEV FIN INC 2.6500 02/01/20210.25%
GE CAPITAL INTERNATIONAL FDG 2.3420 11/15/20200.20%
CVS HEALTH CORP 3.7000 03/09/20230.20%
ANHEUSER BUSCH INBEV FIN INC 3.3000 02/01/20230.20%
BANK AMER CORP 3.0040 12/20/20220.19%
CASH_USD0.19%
BANK AMER CORP 3.4190 12/20/20270.19%
APPLE INC 2.4000 05/03/20230.18%
% of Index2.24%

Top 10 Issuers by Index Weight
View All

as of 18-OCT-18
Issuer Name# of IssuesWeight
BANK AMER CORP382.80%
JPMORGAN CHASE & CO382.55%
CITIGROUP INC352.07%
GOLDMAN SACHS GROUP INC262.02%
MORGAN STANLEY231.89%
WELLS FARGO CO MTN BE231.76%
APPLE INC251.52%
HSBC HLDGS PLC201.26%
ANHEUSER BUSCH INBEV FIN INC101.20%
CVS HEALTH CORP151.17%
% of Index18.24%

Key Rate Duration (KRD)
 

as of 18-OCT-18
MaturityKRD
3 Month0.00
1 Year0.01
2 Year0.25
3 Year0.78
5 Year1.11
7 Year1.60
10 Year0.89
15 Year0.00
20 Year0.00
25 Year0.00
30 Year0.00
YEARS4.64
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust Investment Grade US Corporate Bond Index
NTUICBTR
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