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Northern Trust Investment Grade US Long Corporate Bond Index

 
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  • Performance
  • Characteristics
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Index Overview
The Northern Trust Investment Grade US Long Corporate Bond Index is designed to measure the performance of a diversified universe of longer term, 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 of greater than 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: NTUILCB
  • Total Return: NTUILCBTR

Related Documents

 
Inception Date 29-May-15
Index Value at Inception Date1,000
Hypothetical Inception Date 31-Dec-03
Index Value at Hypothetical Inception Date459.94

Total Returns

As of 29-Nov-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
NTUILCBTR
10.56203.581.475.972.404.834.154.5420.122.18 29-May-15
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Index Characteristics
 
Index Constituents3,100
Weighted Average Yield to Maturity5.68%
Weighted Average Coupon4.47%
Weighted Average Yield to Worst5.68%
29-Nov-23
Weighted Average Maturity22.48
Weighted Average Effective Duration12.70
Weighted Average Option Adjusted Spread115.00
Weighted Average NRSRO Rating A-
Index Composition

Top 10 Constituents Weights
View All

as of 29-Nov-23
Security NameWeight
CASH 0 11/29/2023 0.43%
ANHEUSER-BUSCH COMPANIES LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9 02/01/2046 0.42%
CVS HEALTH CORP 5.05 03/25/2048 0.33%
PFIZER INVESTMENT ENTERPRISES PTE LTD. 5.3 05/19/2053 0.27%
GOLDMAN SACHS GROUP INC. 6.75 10/01/2037 0.27%
WARNERMEDIA HOLDINGS INC. 5.14 03/15/2052 0.27%
THE BOEING COMPANY 5.81 05/01/2050 0.25%
ANHEUSER-BUSCH COMPANIES LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.7 02/01/2036 0.24%
AT&T INC 3.5 09/15/2053 0.24%
AT&T INC 3.55 09/15/2055 0.23%
% of Index2.95%

Top 10 Issuers by Index Weight
View All

as of 29-Nov-23
Issuer Name# of IssuesWeight
AT&T INC 392.34%
COMCAST CORPORATION 361.80%
ANHEUSER-BUSCH INBEV WORLDWIDE INC. 211.79%
ORACLE CORP. 201.66%
VERIZON COMMUNICATIONS INC. 251.46%
APPLE INC. 221.46%
UNITEDHEALTH GROUP INC. 311.45%
BANK OF AMERICA CORPORATION 181.41%
PFIZER INC. 181.31%
JPMORGAN CHASE & CO. 171.30%
% of Index15.98%

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 Long Corporate Bond Index
NTUILCBTR
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