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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 Date459.9397

Total Returns

As of 15-AUG-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
0.050.602.6510.95-0.17-0.33-4.88-7.6613.584.0429-MAY-15
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Index Characteristics
 
Index Constituents2,068
Weighted Average Yield to Maturity4.60%
Weighted Average Coupon5.09%
Weighted Average Yield to Worst4.59%
15-AUG-18
Weighted Average Maturity23.59
Weighted Average Effective Duration13.74
Weighted Average Option Adjusted Spread163.15
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
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as of 15-AUG-18
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 4.9000 02/01/20460.68%
GE CAPITAL INTERNATIONAL FDG 4.4180 11/15/20350.66%
CVS HEALTH CORP 5.0500 03/25/20480.50%
GOLDMAN SACHS GROUP INC 6.7500 10/01/20370.41%
ANHEUSER BUSCH INBEV FIN INC 4.7000 02/01/20360.37%
CASH_USD0.33%
VERIZON COMMUNICATIONS INC 5.0120 08/21/20540.32%
CVS HEALTH CORP 4.7800 03/25/20380.31%
VERIZON COMMUNICATIONS INC 4.6720 03/15/20550.29%
DEUTSCHE TELEKOM INTL FIN B V 8.7500 06/15/20300.29%
% of Index4.16%

Top 10 Issuers by Index Weight
View All

as of 15-AUG-18
Issuer Name# of IssuesWeight
VERIZON COMMUNICATIONS INC222.79%
AT&T INC292.68%
MICROSOFT CORP181.96%
ANHEUSER-BUSCH INBEV WLDW INC141.91%
COMCAST CORP NEW261.66%
GENERAL ELEC CAP CORP MTN BE71.55%
DUKE ENERGY CAROLINAS LLC451.44%
GOLDMAN SACHS GROUP INC91.38%
ORACLE CORP131.30%
JPMORGAN CHASE & CO121.29%
% of Index17.96%

Key Rate Duration (KRD)
 

as of 15-AUG-18
MaturityKRD
3 Month0.01
1 Year0.02
2 Year0.03
3 Year0.08
5 Year0.16
7 Year0.27
10 Year0.82
15 Year1.91
20 Year2.96
25 Year4.19
30 Year3.25
YEARS13.70
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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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