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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 18-OCT-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
-1.48-16.62-2.30-8.81-3.38-6.62-7.62-9.4010.312.9429-MAY-15
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Index Characteristics
 
Index Constituents2,099
Weighted Average Yield to Maturity4.86%
Weighted Average Coupon5.07%
Weighted Average Yield to Worst4.86%
18-OCT-18
Weighted Average Maturity23.38
Weighted Average Effective Duration13.49
Weighted Average Option Adjusted Spread156.48
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
View All

as of 18-OCT-18
Security NameWeight
ANHEUSER BUSCH INBEV FIN INC 4.9000 02/01/20460.67%
GE CAPITAL INTERNATIONAL FDG 4.4180 11/15/20350.65%
CVS HEALTH CORP 5.0500 03/25/20480.49%
GOLDMAN SACHS GROUP INC 6.7500 10/01/20370.40%
ANHEUSER BUSCH INBEV FIN INC 4.7000 02/01/20360.36%
VERIZON COMMUNICATIONS INC 5.0120 08/21/20540.31%
CASH_USD0.31%
CVS HEALTH CORP 4.7800 03/25/20380.30%
DEUTSCHE TELEKOM INTL FIN B V 8.7500 06/15/20300.29%
VERIZON COMMUNICATIONS INC 4.6720 03/15/20550.29%
% of Index4.07%

Top 10 Issuers by Index Weight
View All

as of 18-OCT-18
Issuer Name# of IssuesWeight
VERIZON COMMUNICATIONS INC222.74%
AT&T INC262.45%
MICROSOFT CORP181.95%
ANHEUSER-BUSCH INBEV WLDW INC141.86%
COMCAST CORP NEW271.73%
GENERAL ELEC CAP CORP MTN BE71.50%
DUKE ENERGY CAROLINAS LLC451.42%
GOLDMAN SACHS GROUP INC91.37%
JPMORGAN CHASE & CO121.29%
ORACLE CORP131.29%
% of Index17.60%

Key Rate Duration (KRD)
 

as of 18-OCT-18
MaturityKRD
3 Month0.01
1 Year0.01
2 Year0.03
3 Year0.07
5 Year0.14
7 Year0.24
10 Year0.80
15 Year1.87
20 Year2.89
25 Year4.21
30 Year3.18
YEARS13.45
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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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