Northern Trust Logo
 

Northern Trust Investment Grade US Corporate Bond Index

 
.
Share This:
 
 
 
 
.
Search go
  • Snapshot
  • 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 Date 30-Sep-14
Index Value at Inception Date1,000
Hypothetical Inception Date 31-Dec-03
Index Value at Hypothetical Inception Date578.54

Total Returns

As of 19-Jun-24
 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
1.0312.041.616.532.084.181.493.1729.032.66 30-Sep-14
.
Index Characteristics
 
Index Constituents5,030
Weighted Average Yield to Maturity5.32%
Weighted Average Coupon4.02%
Weighted Average Yield to Worst5.26%
19-Jun-24
Weighted Average Maturity5.32
Weighted Average Effective Duration4.02
Weighted Average Option Adjusted Spread83.00
Weighted Average NRSRO Rating A-
Index Composition

Top 10 Index Constituents by Weight
View All

as of 19-Jun-24
Security NameWeight
CASH 0 06/19/2024 0.16%
T-MOBILE USA INC. 3.88 04/15/2030 0.15%
BANK OF AMERICA CORP. 3.42 12/20/2027 0.13%
BANK OF AMERICA CORP. 1.73 07/22/2026 0.12%
THE BOEING COMPANY 2.2 02/04/2026 0.12%
BANK OF AMERICA CORP. 5.47 01/23/2034 0.12%
BANK OF AMERICA CORP. 5.02 07/22/2032 0.11%
BANK OF AMERICA CORP. 5.29 04/25/2033 0.11%
ABBVIE INC. 3.2 11/21/2029 0.11%
PFIZER INVESTMENT ENTERPRISES PTE LTD. 4.75 05/19/2033 0.11%
% of Index1.24%

Top 10 Issuers by Index Weight
View All

as of 19-Jun-24
Issuer Name# of IssuesWeight
BANK OF AMERICA CORP. 493.00%
JPMORGAN CHASE & CO. 542.84%
MORGAN STANLEY 512.59%
CITIGROUP INC. 422.02%
WELLS FARGO & CO. 331.96%
GOLDMAN SACHS GROUP INC. 321.71%
HSBC HOLDINGS PLC 361.50%
FORD MOTOR CREDIT COMPANY LLC 360.99%
GENERAL MOTORS FINANCIAL COMPANY INC 370.91%
BARCLAYS PLC 250.88%
% of Index18.40%

Key Rate Duration (KRD)
 

as of 20-OCT-23
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
.
.
 MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
Hypothetical Inception
Northern Trust Investment Grade US Corporate Bond Index
NTUICBTR
Download PDFDownload ExcelDownload PDFDownload ExcelDownload Excel