iBoxx MSCI ESG EUR High Yield Corporates 1-3 TCA

The iBoxx MSCI ESG EUR High Yield Corporates 1-3 TCA measures the transaction cost-adjusted performance of high yield, EUR-denominated corporate bonds that meet specific ESG criteria. The index comprises bonds with a minimum amount outstanding of EUR 300 million and time to maturity between one and three years at rebalancing, with new bonds requiring a minimum of two years and existing bonds requiring a minimum of one year. The index uses MSCI ESG Research data to exclude issuers with an ESG rating of BB and below and those involved in weapons, firearms, tobacco, adult entertainment, alcohol, gambling, nuclear power, GMOs and fossil fuels, as well as those with a notable controversy, requiring at least 20% issuer exclusion from the benchmark.