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Northern Trust Investment Grade US Long Corporate Bond Index

 
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Index Overview
The Northern Trust Investment Grade US Long Corporate Bond Index is designed to measure the performance of a diversified universe of longer term, 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 of greater than 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: NTUILCB
  • Total Return: NTUILCBTR

Related Documents

 
Inception Date29-MAY-15
Index Value at Inception Date1,000
Hypothetical Inception Date31-DEC-03
Index Value at Hypothetical Inception Date459.94

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
NTUILCBTR
-3.21-31.04-2.46-9.43-0.96-1.87-4.76-28.5113.734.8229-MAY-15
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Index Characteristics
 
Index Constituents1,966
Weighted Average Yield to Maturity4.42%
Weighted Average Coupon5.13%
Weighted Average Yield to Worst4.41%
20-FEB-18
Weighted Average Maturity23.55
Weighted Average Effective Duration13.86
Weighted Average Option Adjusted Spread134.99
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
View All

as of 20-FEB-18
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 4.9000 02/01/20460.73%
GE CAPITAL INTERNATIONAL FDG 4.4180 11/15/20350.71%
GOLDMAN SACHS GROUP INC 6.7500 10/01/20370.44%
ANHEUSER BUSCH INBEV FIN INC 4.7000 02/01/20360.39%
CASH_USD0.35%
VERIZON COMMUNICATIONS INC 5.0120 08/21/20540.35%
VERIZON COMMUNICATIONS INC 4.6720 03/15/20550.33%
DEUTSCHE TELEKOM INTL FIN B V 8.7500 06/15/20300.32%
AT&T INC 5.1500 02/14/20500.31%
VERIZON COMMUNICATIONS INC 4.5220 09/15/20480.30%
% of Index4.23%

Top 10 Issuers by Index Weight
View All

as of 20-FEB-18
Issuer Name# of IssuesWeight
AT&T INC273.12%
VERIZON COMMUNICATIONS INC222.94%
MICROSOFT CORP182.04%
COMCAST CORP NEW261.80%
ANHEUSER BUSCH INBEV WORLDWIDE111.70%
GENERAL ELEC CAP CORP MTN BE71.65%
DUKE ENERGY CAROLINAS LLC431.47%
JPMORGAN CHASE & CO121.44%
GOLDMAN SACHS GROUP INC81.39%
ORACLE CORP131.38%
% of Index18.93%

Key Rate Duration (KRD)
 

as of 20-FEB-18
MaturityKRD
3 Month0.00
1 Year0.01
2 Year0.03
3 Year0.07
5 Year0.14
7 Year0.25
10 Year0.83
15 Year1.81
20 Year3.02
25 Year4.32
30 Year3.31
YEARS13.79
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust Investment Grade US Long Corporate Bond Index
NTUILCBTR
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