The iBoxx EUR Sovereigns Eurozone Yield Plus Interest Rate Hedged Index is designed to measure the performance of investment grade, EUR-denominated sovereign debt from the five highest-yielding Eurozone member countries. Eligible bonds have a minimum amount outstanding of EUR 2 billion and a remaining time to maturity of at least 1 year at the rebalancing date. The index combines long positions in the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index with short positions in Euro-Schatz, Euro-Bobl and Euro-Bund front month quarterly futures contracts to achieve zero duration through interest rate hedging.