The iBoxx € Hypothekenpfandbriefe is designed to measure the performance of investment grade, EUR-denominated German Pfandbriefe (covered bonds) issued by German banks and credit institutions, with a minimum amount outstanding of EUR 500 million and EUR 1 billion for legacy bonds, and a minimum remaining time to maturity of one year at rebalancing. The bonds must be secured by a general pool of assets in case of issuer insolvency, particularly those conforming to UCITS 22.4 or similar directives, or bonds with equivalent risk and credit profile considered by the market as covered bonds.