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Northern Trust Investment Grade US Corporate Bond Index

 
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  • Performance
  • Characteristics
  • Index Documents
Index Overview
The Northern Trust Investment Grade US Corporate Bond Index is designed to measure the performance of a diversified universe of 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 range of one to 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: NTUICB
  • Total Return: NTUICBTR

Related Documents

 
Inception Date30-SEP-14
Index Value at Inception Date1,000
Hypothetical Inception Date31-DEC-03
Index Value at Hypothetical Inception Date578.54

Total Returns

As of 20-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
NTUICBTR
-0.04-0.400.632.525.7011.706.157.6930.194.4530-SEP-14
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Index Characteristics
 
Index Constituents4,331
Weighted Average Yield to Maturity1.37%
Weighted Average Coupon3.43%
Weighted Average Yield to Worst1.30%
20-OCT-20
Weighted Average Maturity5.14
Weighted Average Effective Duration4.54
Weighted Average Option Adjusted Spread92.00
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Index Constituents by Weight
View All

as of 20-OCT-20
Security NameWeight
CVS HEALTH CORP 4.3 03/25/20280.25%
T-MOBILE USA INC. 3.88 04/15/20300.19%
BANK OF AMERICA CORPORATION 3.42 12/20/20270.16%
BANK OF AMERICA CORPORATION 3 12/20/20220.15%
ABBVIE INC. 3.2 11/21/20290.15%
APPLE INC. 2.4 05/03/20230.14%
DEUTSCHE TELEKOM INTERNATIONAL FINANCE B.V. 8.75 06/15/20300.13%
DELL INTERNATIONAL L.L.C. AND EMC CORPORATION 6.02 06/15/20260.13%
BROADCOM CORPORATION/BROADCOM CAYMAN FINANCE LTD 3.88 01/15/20270.13%
CASH 0 10/20/20200.13%
% of Index1.56%

Top 10 Issuers by Index Weight
View All

as of 20-OCT-20
Issuer Name# of IssuesWeight
BANK OF AMERICA CORPORATION432.71%
JPMORGAN CHASE & CO.462.57%
CITIGROUP INC.392.05%
WELLS FARGO & COMPANY301.94%
MORGAN STANLEY241.71%
GOLDMAN SACHS GROUP INC.251.64%
APPLE INC.301.37%
HSBC HOLDINGS PLC261.29%
ABBVIE INC.181.10%
SUMITOMO MITSUI FINANCIAL GROUP INC320.95%
% of Index17.33%

Key Rate Duration (KRD)
 

as of 20-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 Investment Grade US Corporate Bond Index
NTUICBTR
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