The iBoxx AUD Semi-Governments & Sovereigns Large Cap is designed to measure the performance of investment grade, AUD-denominated bonds in the Australian domestic market. The index includes bonds from the Australian Commonwealth government, with a minimum amount outstanding of AUD 2 billion, and semi-government and sovereign issuers, with a minimum amount outstanding of AUD 200 million. Securities must have a remaining time to maturity of at least one year at rebalancing and must be clearable through Austraclear.