The iBoxx SGD Non-Sovereigns Large Cap Investment Grade is designed to measure the performance of investment grade, SGD-denominated non-sovereign bonds, with a minimum amount outstanding of SGD 300 million. Securities must have a minimum initial time to maturity of 18 months at issuance and a remaining time to maturity of at least one year at rebalancing. The index includes sub-sovereign and corporate issuers. The index applies the following caps: 5% for unrated issuers, 10% for rated issuers (excluding Singapore Statutory Boards), 20% for rated Singapore Statutory Boards, maximum aggregate weight of 5% for unrated issuers not incorporated in Singapore or not Singapore Statutory Boards, and maximum 20% weight from all affiliated entities of a group.