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Northern Trust High Yield US Corporate Bond Index

 
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  • Performance
  • Characteristics
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Index Overview
The Northern Trust High Yield US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US dollar denominated corporate bonds issued by companies who are members of the G12 or G10 Currencies. The index is comprised of eligible securities with $150mm or more in outstanding principal, a maturity of one year at the time of each reconstitution (also a final maturity of at least 18 months at the time of issuance), and securities not in defaulted status.
Index Construction
Capitalization Weighted
Index Methodology
The construction of the 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: NTUHCB
  • Total Return: NTUHCBTR

Related Documents

 
Inception Date29-MAR-18
Index Value at Inception Date1,000
Hypothetical Inception DateN/A
Index Value at Hypothetical Inception DateN/A

Total Returns

As of 29-OCT-20
 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
NTUHCBTR
0.789.940.823.3111.4824.190.420.5012.534.6729-MAR-18
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Index Characteristics
 
Index Constituents2,044
Weighted Average Yield to Maturity5.99%
Weighted Average Coupon6.05%
Weighted Average Yield to Worst5.67%
29-OCT-20
Weighted Average Maturity6.28
Weighted Average Effective Duration3.88
Weighted Average Option Adjusted Spread526.00
Weighted Average NRSRO RatingB+
Index Composition

Top 10 Constituents Weights
View All

as of 29-OCT-20
Security NameWeight
ALTICE FRANCE S.A 7.38 05/01/20260.39%
T-MOBILE US INC. 7.88 09/15/20230.34%
TRANSDIGM INC. 6.25 03/15/20260.32%
CARNIVAL CORPORATION 11.5 04/01/20230.31%
FORD MOTOR COMPANY 9 04/22/20250.29%
CASH 0 10/29/20200.29%
FORD MOTOR COMPANY 8.5 04/21/20230.27%
CENTENE CORPORATION 4.63 12/15/20290.27%
CAESARS ENTERTAINMENT INC NEW 6.25 07/01/20250.25%
CCO HOLDINGS LLC/ CCO HOLDINGS CAPITAL CORP. 5.13 05/01/20270.24%
% of Index2.97%

Top 10 Issuers by Index Weight
View All

as of 29-OCT-20
Issuer Name# of IssuesWeight
FORD MOTOR CREDIT COMPANY LLC413.30%
KRAFT HEINZ FOODS COMPANY211.85%
OCCIDENTAL PETROLEUM CORPORATION341.84%
CCO HOLDINGS LLC/ CCO HOLDINGS CAPITAL CORP.121.73%
T-MOBILE US INC.81.49%
TENET HEALTHCARE CORPORATION131.34%
BAUSCH HEALTH COMPANIES INC131.33%
CSC HOLDINGS LLC121.16%
CENTENE CORPORATION91.11%
HCA INC.120.99%
% of Index16.14%

Key Rate Duration (KRD)
 

as of 29-OCT-20
MaturityKRD
3 Month
1 Year
2 Year
3 Year
5 Year
7 Year
10 Year
15 Year
20 Year
25 Year
30 Year
YEARS0.00
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 MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
Hypothetical Inception
Northern Trust High Yield US Corporate Bond Index
NTUHCBTR
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