Index will form the basis of first-ever U.S. corporate bond exchange traded fund
New York - Today, Goldman, Sachs & Co. identified the securities that, as of July 1, will comprise its reconstituted GS $ InvesTopTM Index, which has been expanded from 30 to 100 corporate bonds.
Yesterday, Barclays Global Investors announced that the SEC issued an order permitting the operation of iShares exchange traded funds based on the InvesTop Index and Treasury bond indices from Lehman Brothers. The iShares ETFs – the first fixed income ETFs ever brought to market in the United States – will trade on the American Stock Exchange beginning on July 26, 2002.
“We anticipate that the broader representation the InvesTop Index will offer, coupled with its inclusion in the first U.S. corporate bond ETF, will make the Index a much more liquid and influential benchmark,” said Fernando Cunha, Head of Credit Index Development at Goldman Sachs.
The following list of securities for the month of July will become effective as of July 1.
CONSUMER
| CUSIP | ISSUER | COUPON | MATURITY | FACE AMOUNT (M) |
| 002824AM2 | Abbott Laboratories | 5.625 | 1-Jul-06 | 1,600 |
| 00184AAE5 | AOL Time Warner | 6.15 | 1-May-07 | 1,000 |
| 00184AAF2 | AOL Time Warner | 6.875 | 1-May-12 | 2,000 |
| 00184AAG0 | AOL Time Warner | 7.7 | 1-May-32 | 2,000 |
| 110122AF5 | Bristol-Myers Squibb | 4.75 | 1-Oct-06 | 2,500 |
| 110122AG3 | Bristol-Myers Squibb | 5.75 | 1-Oct-11 | 2,500 |
| 233835AS6 | DaimlerChrysler | 6.4 | 15-May-06 | 2,000 |
| 233835AT4 | DaimlerChrysler | 7.3 | 15-Jan-12 | 1,500 |
| 233835AQ0 | DaimlerChrysler | 8.5 | 18-Jan-31 | 1,500 |
| 246688AE5 | Delhaize America | 8.125 | 15-Apr-11 | 1,100 |
| 345397TR4 | Ford Motors | 6.875 | 1-Feb-06 | 6,500 |
| 345397TY9 | Ford Motors | 7.25 | 25-Oct-11 | 3,500 |
| 345370CA6 | Ford Motors | 7.45 | 16-Jul-31 | 4,800 |
| 370334AR5 | General Mills | 5.125 | 15-Feb-07 | 1,500 |
| 370334AS3 | General Mills | 6 | 15-Feb-12 | 2,000 |
| 370425RW2 | General Motors | 6.125 | 15-Sep-06 | 2,500 |
| 370425RX0 | General Motors | 6.875 | 15-Sep-11 | 5,500 |
| 370425RZ5 | General Motors | 8 | 1-Nov-31 | 4,000 |
| 487836AS7 | Kellogg | 6.6 | 1-Apr-11 | 1,500 |
| 50075NAA2 | Kraft Foods | 4.625 | 1-Nov-06 | 1,250 |
| 50075NAH7 | Kraft Foods | 6.25 | 1-Jun-12 | 1,500 |
| 50075NAC8 | Kraft Foods | 6.5 | 1-Nov-31 | 750 |
| 742718BW8 | Procter & Gamble | 4.75 | 15-Jun-07 | 1,000 |
| 87612EAJ5 | Target | 5.375 | 15-Jun-09 | 750 |
| 87612EAH9 | Target | 5.875 | 1-Mar-12 | 1,000 |
| 904764AF4 | Unilever | 6.875 | 1-Nov-05 | 1,500 |
| 904764AG2 | Unilever | 7.125 | 1-Nov-10 | 1,750 |
| 925524AS9 | Viacom | 5.625 | 1-May-07 | 700 |
| 925524AQ3 | Viacom | 6.625 | 15-May-11 | 1,000 |
| 931142BN2 | Wal-Mart | 5.45 | 1-Aug-06 | 1,500 |
| 931142BE2 | Wal-Mart | 6.875 | 10-Aug-09 | 3,500 |
| 026609AL1 | Wyeth | 6.25 | 15-Mar-06 | 1,000 |
| 026609AM9 | Wyeth | 6.7 | 15-Mar-11 | 1,500 |
FINANCIAL
| CUSIP | ISSUER | COUPON | MATURITY | FACE AMOUNT (M) |
| 06423AAM5 | Banc One | 6.5 | 1-Feb-06 | 2,500 |
| 06423AAQ6 | Banc One | 5.9 | 15-Nov-11 | 750 |
| 060505AL8 | Bank of America | 5.25 | 1-Feb-07 | 1,500 |
| 060505AG9 | Bank of America | 7.4 | 15-Jan-11 | 3,000 |
| 073902BZ0 | Bear Stearns | 5.7 | 15-Jan-07 | 1,000 |
| 125581AA6 | CIT Group | 7.375 | 2-Apr-07 | 1,250 |
| 125581AB4 | CIT Group | 7.75 | 2-Apr-12 | 1,250 |
| 172967BA8 | Citigroup | 6.75 | 1-Dec-05 | 4,000 |
| 172967BJ9 | Citigroup | 6 | 21-Feb-12 | 1,500 |
| 172967BL4 | Citigroup | 6.625 | 15-Jun-32 | 1,000 |
| 22541LAD5 | Credit Suisse | 5.75 | 15-Apr-07 | 1,750 |
| 22541LAB9 | Credit Suisse | 6.125 | 15-Nov-11 | 3,000 |
| 268766BU5 | EOP Operating | 7 | 15-Jul-11 | 1,100 |
| 339030AD0 | Fleet Boston | 4.875 | 1-Dec-06 | 1,000 |
| 441812JX3 | Household Finance | 5.75 | 30-Jan-07 | 2,500 |
| 441812JY1 | Household Finance | 7 | 15-May-12 | 1,750 |
| 441812JZ8 | Household Finance | 7.625 | 17-May-32 | 750 |
| 459745FA8 | International Lease | 5.625 | 1-Jun-07 | 900 |
| 46625HAP5 | JPMorgan Chase | 5.25 | 30-May-07 | 2,000 |
| 46625HAN0 | JPMorgan Chase | 6.625 | 15-Mar-12 | 1,000 |
| 524908DD9 | Lehman Bros | 6.25 | 15-May-06 | 1,750 |
| 52517PSC6 | Lehman Bros | 6.625 | 18-Jan-12 | 1,000 |
| 617446HB8 | Morgan Stanley | 5.8 | 1-Apr-07 | 2,500 |
| 617446HC6 | Morgan Stanley | 6.6 | 1-Apr-12 | 2,500 |
| 828807AJ6 | Simon Properties | 6.375 | 15-Nov-07 | 750 |
| 929903AA0 | Wachovia | 4.95 | 1-Nov-06 | 1,750 |
| 939322AG8 | Washington Mutual | 5.625 | 15-Jan-07 | 1,000 |
| 949746CH2 | Wells Fargo | 5.125 | 15-Feb-07 | 1,500 |
| 949748AF4 | Wells Fargo | 6.45 | 1-Feb-11 | 1,750 |
TELECOM & TECHNOLOGY
| CUSIP | ISSUER | COUPON | MATURITY | FACE AMOUNT (M) |
| 00209AAG1 | AT&T Wireless | 8.125 | 1-May-12 | 2,000 |
| 079860AC6 | Bell South | 5 | 15-Oct-06 | 1,000 |
| 079860AB8 | Bell South | 6 | 15-Oct-11 | 1,000 |
| 079860AD4 | Bell South | 6.875 | 15-Oct-31 | 750 |
| 111021AC5 | British Telecom | 7.875 | 15-Dec-05 | 3,100 |
| 111021AD3 | British Telecom | 8.125 | 15-Dec-10 | 3,000 |
| 111021AE1 | British Telecom | 8.875 | 15-Dec-30 | 2,800 |
| 25156PAB9 | Deutsche Telekom | 8 | 15-Jun-10 | 3,000 |
| 25156PAC7 | Deutsche Telekom | 8.25 | 15-Jun-30 | 3,500 |
| 35177PAJ6 | France Telecom | 7.7 | 1-Mar-06 | 2,000 |
| 428236AE3 | Hewlett-Packard | 5.75 | 15-Dec-06 | 1,000 |
| 428236AG8 | Hewlett-Packard | 6.5 | 1-Jul-12 | 500 |
| 459200AW1 | IBM | 4.875 | 1-Oct-06 | 1,500 |
| 852060AS1 | Sprint | 8.375 | 15-Mar-12 | 2,000 |
| 852060AT9 | Sprint | 8.75 | 15-Mar-32 | 2,000 |
| 879385AC6 | Telefonica | 7.75 | 15-Sep-10 | 2,500 |
| 92344GAR7 | Verizon | 6.125 | 15-Jun-07 | 1,000 |
| 92344XAA7 | Verizon | 6.875 | 1-Apr-12 | 1,000 |
| 92344GAM8 | Verizon | 7.75 | 1-Dec-30 | 2,000 |
INDUSTRIAL & UTILITIES
| CUSIP | ISSUER | COUPON | MATURITY | FACE AMOUNT (M) |
| 013817AF8 | Alcoa | 6 | 15-Jan-12 | 1,000 |
| 032511AS6 | Anadarko | 5.375 | 1-Mar-07 | 650 |
| 097014AF1 | Boeing | 5.75 | 15-Feb-07 | 750 |
| 20825UAA2 | Conoco | 5.45 | 15-Oct-06 | 1,250 |
| 20825UAB0 | Conoco | 6.35 | 15-Oct-11 | 1,750 |
| 20825UAC8 | Conoco | 7.25 | 15-Oct-31 | 500 |
| 210371AG5 | Constellation Energy | 6.35 | 1-Apr-07 | 600 |
| 12626PAD5 | CRH America | 6.95 | 15-Mar-12 | 1,000 |
| 244217BG9 | Deere | 7 | 15-Mar-12 | 1,500 |
| 25179SAC4 | Devon Energy | 6.875 | 30-Sep-11 | 1,750 |
| 251799AA0 | Devon Energy | 7.95 | 15-Apr-32 | 1,000 |
| 264399DW3 | Duke Power | 6.25 | 15-Jan-12 | 750 |
| 337932AA5 | First Energy | 5.5 | 15-Nov-06 | 1,000 |
| 337932AB3 | First Energy | 6.45 | 15-Nov-11 | 1,500 |
| 337932AC1 | First Energy | 7.375 | 15-Nov-31 | 1,500 |
| 91913YAD2 | Valero Energy | 6.875 | 15-Apr-12 | 750 |
| 91913YAE0 | Valero Energy | 7.5 | 15-Apr-32 | 750 |
| 962166AX2 | Weyerhaeuser | 6 | 1-Aug-06 | 840 |
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
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