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Northern Trust Investment Grade US Long Corporate Bond Index

 
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  • Characteristics
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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 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
NTUILCBTR
-1.14-12.22-2.48-9.475.4711.228.7110.9349.247.7029-MAY-15
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Index Characteristics
 
Index Constituents2,623
Weighted Average Yield to Maturity3.09%
Weighted Average Coupon4.62%
Weighted Average Yield to Worst3.07%
20-OCT-20
Weighted Average Maturity23.35
Weighted Average Effective Duration15.17
Weighted Average Option Adjusted Spread178.00
Weighted Average NRSRO RatingA-
Index Composition

Top 10 Constituents Weights
View All

as of 20-OCT-20
Security NameWeight
GE CAPITAL INTERNATIONAL FUNDING COMPANY UNLIMITED COMPANY 4.42 11/15/20350.48%
ANHEUSER-BUSCH COMPANIES LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9 02/01/20460.46%
CVS HEALTH CORP 5.05 03/25/20480.40%
GOLDMAN SACHS GROUP INC. 6.75 10/01/20370.32%
WELLS FARGO & COMPANY 5.01 04/04/20500.29%
THE BOEING COMPANY 5.81 05/01/20500.27%
ABBVIE INC. 4.25 11/21/20490.27%
BANK OF AMERICA CORPORATION 4.08 03/20/20500.26%
ANHEUSER-BUSCH COMPANIES LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.7 02/01/20360.26%
MICROSOFT CORPORATION 2.53 06/01/20500.25%
% of Index3.26%

Top 10 Issuers by Index Weight
View All

as of 20-OCT-20
Issuer Name# of IssuesWeight
COMCAST CORPORATION382.47%
AT&T INC392.19%
ANHEUSER-BUSCH INBEV WORLDWIDE INC.232.13%
VERIZON COMMUNICATIONS INC.211.79%
MICROSOFT CORPORATION181.50%
ORACLE CORPORATION151.48%
BANK OF AMERICA CORPORATION141.46%
WELLS FARGO & COMPANY171.43%
JPMORGAN CHASE & CO.141.31%
GENERAL ELECTRIC COMPANY101.24%
% of Index17.00%

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 Long Corporate Bond Index
NTUILCBTR
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