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Index Services

Northern Trust's Index Services group specializes in developing custom index solutions for sophisticated clients.

LATEST UPDATES FROM INDEX SERVICES AT NORTHERN TRUST


May 22, 2023

As part of an index methodology review, Northern Trust Index Services has elected to add the following rule to the Northern Trust US Corporate Bond Quality Value Index, the Northern Trust US Long Corporate Bond Quality Value Index, the and Northern Trust High Yield Value-Scored US Corporate Bond Index.

  • Duration band constraint:  to limit the index’s maximum or minimum weight to +/-3% versus the eligible universe, within several duration-buckets

These changes will take effect for the July 2023 reconstitution, and be effective as of August 1, 2023 within the index.

 

Please feel free to reach out to nt_index_services@ntrs.com should you require more information or have any questions. 

Mike Deverall

Manager, Index Services

Mike Deverall is Vice President and Manager of the Index Services Group, which creates, manages, and licenses indices under the Northern Trust brand. Prior to founding the Index Services team in 2012, Mike held several roles within the Global Equity Group, with his responsibilities spanning portfolio management, investment research and portfolio operations. He earned an M.B.A., with distinction, from DePaul University's Kellstadt Graduate School of Business, and a B.S. from Miami University.

INDEX SERVICES - DISCLAIMERS


IMPORTANT INFORMATION

Northern Trust Corporation is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in North America, Europe, the Middle East and the Asia-Pacific region.

Northern Trust is the owner of any trademarks, service marks and copyrights related to its respective indexes. Index Data is provided by Thomson Reuters, Interactive Data Corporation, and Northern Trust Index Services. Performance returns displayed on this page are shown as Total Return or Net Total Return depending on whether the index universe is inclusive of US or non-US securities. Northern Trust's publication of the Northern Trust Indexes in no way suggests or implies an opinion by Northern Trust as to the attractiveness or appropriateness of investments in any or all securities upon which the Northern Trust Indexes are based.

All information presented prior to the index inception date is back-tested. Backtested performance is not actual performance, but instead hypothetical. The backtest represents a reasonable attempt to replicate how the index would have performed at each point in history. Returns produced by backtested results should be considered approximate to what the index would have returned had it actually been live, while trading/transaction costs, data availability, etc are not factored into the return. Past performance of the Indices is not an indication of future results. Prospective application of the methodology used to construct the Indices may not result in performance similar to the back-test returns shown. The backtest period does not necessarily correspond to the entire available history of the Index. For more details about the indices, including the manner in which they are rebalanced, the timing of such rebalancing, criteria for additions and deletions, as well as all index calculations, please refer to the methodology documents.

Another limitation of backtested hypothetical information is that generally the backtested calculation is prepared with the benefit of hindsight. Backtested data reflect the application of the index methodology and selection of index constituents in hindsight. No hypothetical record can completely account for the impact of financial risk in actual trading. For example, there are numerous factors related to the equities (or fixed income, or commodities) markets in general which cannot be, and have not been accounted for in the preparation of the index information set forth, all of which can affect actual performance.

Indexes and/or benchmarks are unmanaged and cannot be invested in directly. Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.

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