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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 11-DEC-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
0.718.36-1.77-6.93-0.85-1.69-7.59-7.9710.342.8229-MAY-15
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Index Characteristics
 
Index Constituents2,118
Weighted Average Yield to Maturity4.91%
Weighted Average Coupon5.08%
Weighted Average Yield to Worst4.91%
11-DEC-18
Weighted Average Maturity23.48
Weighted Average Effective Duration13.52
Weighted Average Option Adjusted Spread186.87
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
View All

as of 11-DEC-18
Security NameWeight
GE CAPITAL INTERNATIONAL FDG 4.4180 11/15/20350.59%
CVS HEALTH CORP 5.0500 03/25/20480.50%
GOLDMAN SACHS GROUP INC 6.7500 10/01/20370.40%
CVS HEALTH CORP 4.7800 03/25/20380.31%
DEUTSCHE TELEKOM INTL FIN B V 8.7500 06/15/20300.29%
VERIZON COMMUNICATIONS INC 5.0120 08/21/20540.29%
MEDTRONIC INC 4.6250 03/15/20450.27%
MICROSOFT CORP 3.7000 08/08/20460.27%
VERIZON COMMUNICATIONS INC 4.8620 08/21/20460.27%
VERIZON COMMUNICATIONS INC 4.5220 09/15/20480.27%
% of Index3.46%

Top 10 Issuers by Index Weight
View All

as of 11-DEC-18
Issuer Name# of IssuesWeight
VERIZON COMMUNICATIONS INC212.66%
COMCAST CORP NEW302.39%
AT&T INC242.25%
MICROSOFT CORP182.01%
DUKE ENERGY CAROLINAS LLC451.45%
GENERAL ELEC CAP CORP MTN BE71.36%
JPMORGAN CHASE & CO131.35%
ORACLE CORP131.31%
GOLDMAN SACHS GROUP INC91.28%
WELLS FARGO CO MTN BE141.23%
% of Index17.29%

Key Rate Duration (KRD)
 

as of 11-DEC-18
MaturityKRD
3 Month0.01
1 Year0.02
2 Year0.04
3 Year0.09
5 Year0.16
7 Year0.28
10 Year0.83
15 Year1.93
20 Year2.89
25 Year4.15
30 Year3.12
YEARS13.52
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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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