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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 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 30-Aug-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
      		1.6921.794.3118.245.0610.354.496.7732.852.90 30-Sep-14
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      Index Characteristics
       
      Index Constituents5,057
      Weighted Average Yield to Maturity4.78%
      Weighted Average Coupon4.07%
      Weighted Average Yield to Worst4.69%
      29-Aug-24
      Weighted Average Maturity4.76
      Weighted Average Effective Duration4.02
      Weighted Average Option Adjusted Spread82.00
      Weighted Average NRSRO Rating A-
      Index Composition

      Top 10 Index Constituents by Weight
      View All

      as of 30-Aug-24
      Security NameWeight
      T-MOBILE USA INC. 3.88 04/15/2030 0.30%
      CASH 0 08/30/2024 0.27%
      BANK OF AMERICA CORP. 3.42 12/20/2027 0.25%
      BANK OF AMERICA CORP. 1.73 07/22/2026 0.24%
      THE BOEING COMPANY 2.2 02/04/2026 0.23%
      BANK OF AMERICA CORP. 5.29 04/25/2033 0.23%
      BANK OF AMERICA CORP. 5.47 01/23/2034 0.23%
      ABBVIE INC. 3.2 11/21/2029 0.23%
      PFIZER INVESTMENT ENTERPRISES PTE LTD. 4.75 05/19/2033 0.22%
      BANK OF AMERICA CORP. 5.02 07/22/2032 0.22%
      % of Index2.42%

      Top 10 Issuers by Index Weight
      View All

      as of 30-Aug-24
      Issuer Name# of IssuesWeight
      JPMORGAN CHASE & CO. 552.95%
      BANK OF AMERICA CORP. 472.88%
      MORGAN STANLEY 512.60%
      CITIGROUP INC. 422.01%
      WELLS FARGO & CO. 331.94%
      GOLDMAN SACHS GROUP INC. 341.83%
      HSBC HOLDINGS PLC 351.45%
      FORD MOTOR CREDIT COMPANY LLC 340.93%
      GENERAL MOTORS FINANCIAL COMPANY INC 370.91%
      BARCLAYS PLC 250.88%
      % of Index18.38%

      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
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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