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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 22-FEB-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
NTUILCBTR
2.5234.035.9625.500.941.883.8029.2815.253.8729-MAY-15
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Index Characteristics
 
Index Constituents2,122
Weighted Average Yield to Maturity4.65%
Weighted Average Coupon5.07%
Weighted Average Yield to Worst4.65%
22-FEB-19
Weighted Average Maturity23.44
Weighted Average Effective Duration13.74
Weighted Average Option Adjusted Spread175.62
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
View All

as of 22-FEB-19
Security NameWeight
GE CAPITAL INTERNATIONAL FDG 4.4180 11/15/20350.60%
CVS HEALTH CORP 5.0500 03/25/20480.48%
GOLDMAN SACHS GROUP INC 6.7500 10/01/20370.40%
CASH_USD0.35%
CVS HEALTH CORP 4.7800 03/25/20380.29%
VERIZON COMMUNICATIONS INC 5.0120 08/21/20540.29%
DEUTSCHE TELEKOM INTL FIN B V 8.7500 06/15/20300.28%
MEDTRONIC INC 4.6250 03/15/20450.28%
VERIZON COMMUNICATIONS INC 4.5220 09/15/20480.27%
VERIZON COMMUNICATIONS INC 4.6720 03/15/20550.27%
% of Index3.51%

Top 10 Issuers by Index Weight
View All

as of 22-FEB-19
Issuer Name# of IssuesWeight
AT&T INC292.71%
VERIZON COMMUNICATIONS INC212.65%
COMCAST CORP NEW302.39%
MICROSOFT CORP181.97%
ANHEUSER-BUSCH INBEV WLDW INC181.46%
DUKE ENERGY CAROLINAS LLC461.46%
GENERAL ELEC CAP CORP MTN BE71.39%
JPMORGAN CHASE & CO131.34%
ORACLE CORP131.29%
GOLDMAN SACHS GROUP INC91.26%
% of Index17.92%

Key Rate Duration (KRD)
 

as of 22-FEB-19
MaturityKRD
3 Month0.01
1 Year0.02
2 Year0.04
3 Year0.09
5 Year0.16
7 Year0.28
10 Year0.86
15 Year1.98
20 Year2.91
25 Year4.23
30 Year3.13
YEARS13.71
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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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