The iBoxx Global Developed Markets Liquid High Yield Capped (AUD) (AUD Hedged) measures the performance of high yield CAD-, EUR-, GBP- and USD-denominated corporate bonds issued in developed markets, hedged against fluctuations of the Australian dollar. Bonds must have a minimum amount outstanding of CAD 100 million, EUR 250 million, GBP 250 million or USD 400 million, with an issuer amount outstanding of USD 1 billion for all USD-denominated bonds. Securities must have a maximum initial time to maturity of 15 years at issuance and a minimum remaining time to maturity of one year at rebalancing or 18 months for new insertions. The index is market-value weighted with an issuer cap of 3% and a 10% cap for 144A bonds without registration rights or with registration period greater than one year or Regulation S issues not registered on a Recognized Investment Exchange.