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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 24-NOV-17
 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
1.5119.362.219.045.7811.8010.2911.4817.486.6729-MAY-15
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Index Characteristics
 
Index Constituents1,957
Weighted Average Yield to Maturity4.11%
Weighted Average Coupon5.19%
Weighted Average Yield to Worst4.10%
24-NOV-17
Weighted Average Maturity23.59
Weighted Average Effective Duration14.15
Weighted Average Option Adjusted Spread148.93
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
View All

as of 24-NOV-17
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 4.9000 02/01/20460.76%
GE CAPITAL INTERNATIONAL FDG 4.4180 11/15/20350.73%
GOLDMAN SACHS GROUP INC 6.7500 10/01/20370.44%
CASH_USD0.40%
ANHEUSER BUSCH INBEV FIN INC 4.7000 02/01/20360.40%
VERIZON COMMUNICATIONS INC 5.0120 08/21/20540.33%
VERIZON COMMUNICATIONS INC 4.6720 03/15/20550.32%
DEUTSCHE TELEKOM INTL FIN B V 8.7500 06/15/20300.32%
AT&T INC 5.1500 02/14/20500.30%
VERIZON COMMUNICATIONS INC 4.5220 09/15/20480.29%
% of Index4.29%

Top 10 Issuers by Index Weight
View All

as of 24-NOV-17
Issuer Name# of IssuesWeight
AT&T INC363.38%
VERIZON COMMUNICATIONS INC232.89%
MICROSOFT CORP182.07%
COMCAST CORP NEW231.81%
ANHEUSER BUSCH INBEV WORLDWIDE111.74%
GENERAL ELEC CAP CORP MTN BE71.72%
DUKE ENERGY CAROLINAS LLC421.45%
JPMORGAN CHASE & CO121.40%
WELLS FARGO CO MTN BE141.33%
GOLDMAN SACHS GROUP INC71.25%
% of Index19.04%

Key Rate Duration (KRD)
 

as of 24-NOV-17
MaturityKRD
3 Month0.01
1 Year0.02
2 Year0.04
3 Year0.09
5 Year0.17
7 Year0.30
10 Year0.92
15 Year1.89
20 Year3.11
25 Year4.29
30 Year3.26
YEARS14.10
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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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