Description

This ETF aims to track the Markit iBoxx EUR Corporates Yield Plus Index, an index specifically designed to represent the highest-yielding Euro-denominated corporate bonds. It is a sub-component of the broader Markit iBoxx EUR Corporate 1-10 year index. To qualify for inclusion, bonds must initially carry an investment-grade rating, although they are not automatically removed if subsequently downgraded, with a BB rating acting as the exclusion threshold. The allocation to high-yield bonds is also capped at 20%. Only bonds with maturities between 1.25 and 10 years are considered, and each bond must have a minimum outstanding issuance of €500 million. Comprehensive information on the index and its methodology can be found on the Markit iBoxx website (https://www.markit.com).