The iBoxx ALBI Sovereigns & Sub-Sovereigns Index (USD Unhedged) is designed to measure the performance of sovereign and sub-sovereign bonds from China (onshore and offshore), Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand, with minimum amounts outstanding varying by market. Securities must have a minimum initial time to maturity of 18 months at issuance, with at least 12 months time to maturity for existing constituents. The index includes local currency-denominated debt from central governments, agencies, supranationals, public banks, regions and government-guaranteed entities. Bonds must be accessible to international investors.