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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 25-Oct-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
      		-0.32-3.813.0612.727.3315.147.509.1636.334.82 29-Mar-18
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      Index Characteristics
       
      Index Constituents1,885
      Weighted Average Yield to Maturity7.37%
      Weighted Average Coupon6.33%
      Weighted Average Yield to Worst7.19%
      25-Oct-24
      Weighted Average Maturity4.72
      Weighted Average Effective Duration3.10
      Weighted Average Option Adjusted Spread286.00
      Weighted Average NRSRO Rating B+
      Index Composition

      Top 10 Constituents Weights
      View All

      as of 25-Oct-24
      Security NameWeight
      MEDLINE BORROWER LP 3.88 04/01/2029 0.64%
      TIBCO SOFTWARE INC 6.5 03/31/2029 0.60%
      CLOUD SOFTWARE GROUP INC. 9 09/30/2029 0.59%
      DISH NETWORK CORPORATION 11.75 11/15/2027 0.59%
      DIRECTV FINANCING LLC/DIRECTV FINANCING CO-OBLIGOR INC. 5.88 08/15/2027 0.55%
      HUB INTERNATIONAL LTD. 7.25 06/15/2030 0.53%
      VENTURE GLOBAL LNG INC. 9.5 02/01/2029 0.51%
      CCO HOLDINGS LLC/ CCO HOLDINGS CAPITAL CORP. 5.13 05/01/2027 0.49%
      TRUIST INSURANCE HOLDINGS LLC & PANTHER CO-ISSUER INC. 7.13 06/01/2031 0.48%
      UNITI GROUP LP/UNITI FIBER HOLDINGS INC/UNITI GROUP FINANCE 2019 INC/CSL CAPITAL LLC 10.5 02/15/2028 0.48%
      % of Index5.46%

      Top 10 Issuers by Index Weight
      View All

      as of 25-Oct-24
      Issuer Name# of IssuesWeight
      CCO HOLDINGS LLC/ CCO HOLDINGS CAPITAL CORP. 131.92%
      TRANSDIGM INC. 91.21%
      TENET HEALTHCARE CORPORATION 90.97%
      CSC HOLDINGS LLC 120.96%
      DISH DBS CORPORATION 60.92%
      VENTURE GLOBAL LNG INC. 50.91%
      COMMUNITY HEALTH SYSTEMS INCORPORATED 90.78%
      BAUSCH HEALTH COMPANIES INC. 160.76%
      CLOUD SOFTWARE GROUP INC. 30.74%
      CARNIVAL CORPORATION 50.73%
      % of Index9.90%

      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          		Download PDFDownload ExcelDownload PDFDownload ExcelDownload Excel
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