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Northern Trust High Yield US Corporate Bond Index

 
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  • Performance
  • Characteristics
  • Index Documents
Index Overview
The Northern Trust High Yield US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US dollar denominated corporate bonds issued by companies who are members of the G12 or G10 Currencies. The index is comprised of eligible securities with $150mm or more in outstanding principal, a maturity of one year at the time of each reconstitution (also a final maturity of at least 18 months at the time of issuance), and securities not in defaulted status.
Index Construction
Capitalization Weighted
Index Methodology
The construction of the 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: NTUHCB
  • Total Return: NTUHCBTR

Related Documents

 
Inception Date 29-Mar-18
Index Value at Inception Date1,000
Hypothetical Inception DateN/A
Index Value at Hypothetical Inception DateN/A

Total Returns

As of 21-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
NTUHCBTR
0.556.691.204.843.106.282.625.5430.154.32 29-Mar-18
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Index Characteristics
 
Index Constituents1,907
Weighted Average Yield to Maturity7.96%
Weighted Average Coupon6.25%
Weighted Average Yield to Worst7.80%
21-Jun-24
Weighted Average Maturity5.23
Weighted Average Effective Duration3.19
Weighted Average Option Adjusted Spread316.00
Weighted Average NRSRO Rating B+
Index Composition

Top 10 Constituents Weights
View All

as of 21-Jun-24
Security NameWeight
MEDLINE BORROWER LP 3.88 04/01/2029 0.33%
TIBCO SOFTWARE INC 6.5 03/31/2029 0.31%
CLOUD SOFTWARE GROUP INC. 9 09/30/2029 0.30%
DIRECTV FINANCING LLC/DIRECTV FINANCING CO-OBLIGOR INC. 5.88 08/15/2027 0.28%
DISH NETWORK CORPORATION 11.75 11/15/2027 0.27%
VENTURE GLOBAL LNG INC. 9.5 02/01/2029 0.27%
HUB INTERNATIONAL LTD. 7.25 06/15/2030 0.27%
CCO HOLDINGS LLC/ CCO HOLDINGS CAPITAL CORP. 5.13 05/01/2027 0.25%
PANTHER ESCROW ISSUER LLC / PANTHER CO-ISSUER INC. 7.13 06/01/2031 0.24%
AADVANTAGE LOYALTY IP LTD/ AMERICAN AIRLINES INC 5.75 04/20/2029 0.23%
% of Index2.75%

Top 10 Issuers by Index Weight
View All

as of 21-Jun-24
Issuer Name# of IssuesWeight
CCO HOLDINGS LLC/ CCO HOLDINGS CAPITAL CORP. 131.89%
TRANSDIGM INC. 81.12%
TENET HEALTHCARE CORPORATION 90.99%
CARNIVAL CORPORATION 80.98%
CSC HOLDINGS LLC 120.86%
VENTURE GLOBAL LNG INC. 40.82%
COMMUNITY HEALTH SYSTEMS INCORPORATED 100.78%
DISH DBS CORPORATION 60.76%
CLOUD SOFTWARE GROUP INC. 30.75%
BAUSCH HEALTH COMPANIES INC. 160.72%
% of Index9.67%

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 High Yield US Corporate Bond Index
NTUHCBTR
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