Description

The iBoxx USD Corporates 0-3 Yield Plus is designed to measure the performance of investment grade, USD-denominated corporate bonds, with a minimum amount outstanding of USD 500 million per bond, and issuers must have a total amount outstanding of USD 1 billion. Securities must have a minimum time to maturity of 18 months at inclusion and a remaining time to maturity of at least three months at rebalancing, with a maximum average life threshold of three years. Bonds rated BB- or higher are eligible, with BB rated bonds capped at 20% by market value. The index applies a 50% cap by economic sector classification, a 20% cap on subordinated debt, a 2% issuer cap and a 20% cap on emerging markets country of risk, with countries requiring a minimum notional outstanding of USD 1.5 billion in the selected universe to be eligible.


Characteristics


Constituents

Top 10 Constituents by Index Weight

Full Constituents ListFull Constituents List
  • Constituent
  • Symbol
  • Sector*


Sector Breakdown

Sector
Index Weight


Maturity Breakdown

Maturity Range
Index Weight


Rating Breakdown

Rating
Index Weight



CONTENT TYPE
DATES
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