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Northern Trust Investment Grade US Corporate Bond Index

 
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  • 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 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 05-JUN-23
       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
      		-0.71-8.061.997.952.194.442.475.8321.482.2730-SEP-14
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      Index Characteristics
       
      Index Constituents4,813
      Weighted Average Yield to Maturity5.38%
      Weighted Average Coupon3.58%
      Weighted Average Yield to Worst5.34%
      05-JUN-23
      Weighted Average Maturity4.82
      Weighted Average Effective Duration4.10
      Weighted Average Option Adjusted Spread121.00
      Weighted Average NRSRO RatingA-
      Index Composition

      Top 10 Index Constituents by Weight
      View All

      as of 05-JUN-23
      Security NameWeight
      T-MOBILE USA INC. 3.88 04/15/20300.16%
      BANK OF AMERICA CORPORATION 3.42 12/20/20270.14%
      BANK OF AMERICA CORPORATION 1.73 07/22/20260.12%
      THE BOEING COMPANY 2.2 02/04/20260.12%
      PFIZER INVESTMENT ENTERPRISES PTE LTD. 4.75 05/19/20330.12%
      BANK OF AMERICA CORPORATION 5.29 04/25/20330.12%
      BANK OF AMERICA CORPORATION 5.02 07/22/20320.12%
      ABBVIE INC. 3.2 11/21/20290.12%
      CVS HEALTH CORP 4.3 03/25/20280.12%
      DELL INTERNATIONAL L.L.C. AND EMC CORPORATION 6.02 06/15/20260.11%
      % of Index1.25%

      Top 10 Issuers by Index Weight
      View All

      as of 05-JUN-23
      Issuer Name# of IssuesWeight
      BANK OF AMERICA CORPORATION533.27%
      JPMORGAN CHASE & CO.562.91%
      MORGAN STANLEY462.41%
      CITIGROUP INC.411.94%
      GOLDMAN SACHS GROUP INC.311.76%
      WELLS FARGO & COMPANY281.68%
      HSBC HOLDINGS PLC341.58%
      MITSUBISHI UFJ FINANCIAL GROUP INC.381.08%
      APPLE INC.281.08%
      SUMITOMO MITSUI FINANCIAL GROUP INC320.90%
      % of Index18.61%

      Key Rate Duration (KRD)
       

      as of 05-JUN-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
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           MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
          Hypothetical Inception
          Northern Trust Investment Grade US Corporate Bond Index
          NTUICBTR          		Download PDFDownload ExcelDownload PDFDownload ExcelDownload Excel