The iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged) is designed to measure the performance of high yield corporate debt from developed market issuers. The index includes CAD-denominated bonds with a minimum outstanding amount of CAD 100 million, EUR-denominated bonds with minimum EUR 250 million, GBP-denominated bonds with minimum GBP 250 million and USD-denominated bonds with minimum USD 400 million, and USD-denominated bonds from an issuer must total at least USD 1 billion. Securities must have at least one year remaining time to maturity at rebalancing, with new insertions requiring one year and six months, and a maximum expected remaining time to maturity at issuance of 15 years. The index applies a 3% issuer cap and a 10% cap for 144A bonds without registration rights or with registration period greater than one year or RegS issues not registered on a Recognized Investment Exchange.