The iBoxx EUR Liquid Investment Grade Ultrashort Index is designed to measure the performance of investment grade, EUR-denominated corporate bonds with a minimum amount outstanding of EUR 300 million. Fixed coupon bonds must have a remaining time to maturity of up to one year at rebalancing, while while floating rate notes must have up to three years. Securities must have a minimum initial time to maturity of one year at issuance and are held until maturity. The index applies a 3% issuer cap.