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Northern Trust Investment Grade US Long Corporate Bond Index

 
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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 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
NTUILCBTR
-3.93-38.632.6811.077.9316.450.790.9628.692.71 29-May-15
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Index Characteristics
 
Index Constituents3,256
Weighted Average Yield to Maturity5.53%
Weighted Average Coupon4.55%
Weighted Average Yield to Worst5.53%
25-Oct-24
Weighted Average Maturity22.35
Weighted Average Effective Duration12.73
Weighted Average Option Adjusted Spread102.00
Weighted Average NRSRO Rating A-
Index Composition

Top 10 Constituents Weights
View All

as of 25-Oct-24
Security NameWeight
ANHEUSER-BUSCH COMPANIES LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9 02/01/2046 0.38%
CVS HEALTH CORP 5.05 03/25/2048 0.30%
GOLDMAN SACHS GROUP INC. 6.75 10/01/2037 0.26%
PFIZER INVESTMENT ENTERPRISES PTE LTD. 5.3 05/19/2053 0.26%
THE BOEING COMPANY 5.81 05/01/2050 0.23%
WARNERMEDIA HOLDINGS INC. 5.14 03/15/2052 0.22%
AT&T INC 3.5 09/15/2053 0.22%
ANHEUSER-BUSCH COMPANIES LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.7 02/01/2036 0.22%
AT&T INC 3.55 09/15/2055 0.22%
WELLS FARGO & CO. 5.01 04/04/2050 0.22%
% of Index2.53%

Top 10 Issuers by Index Weight
View All

as of 25-Oct-24
Issuer Name# of IssuesWeight
AT&T INC 361.96%
UNITEDHEALTH GROUP INC. 361.72%
COMCAST CORPORATION 361.69%
ANHEUSER-BUSCH INBEV WORLDWIDE INC. 211.58%
ORACLE CORP. 191.50%
VERIZON COMMUNICATIONS INC. 261.38%
DUKE ENERGY CAROLINAS LLC 641.34%
BANK OF AMERICA CORP. 181.33%
APPLE INC. 221.33%
ABBVIE INC. 151.26%
% of Index15.09%

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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