iBoxx USD Liquid High Yield Infrastructure Index

The iBoxx USD Liquid High Yield Infrastructure Index is designed to measure the performance of high yield, USD-denominated corporate infrastructure bonds from developed market issuers, with a minimum amount outstanding of USD 400 million per bond, and issuers must have a total amount outstanding of USD 1 billion across all USD bonds in the broader iBoxx USD High Yield Developed Markets Index and iBoxx USD Corporates universe. Bonds must have a minimum time to maturity of 18 months at insertion and a remaining time to maturity between 1 and 15 years at rebalancing. Bonds must be from companies with material infrastructure exposure that are operating essential services with hard-asset backing and steady cash flows.