Description

The Bloomberg US HY Very Liquid Index ex 144A (GTR, USD) aims to replicate the performance of a particular segment within the high-yield fixed-income market. This includes U.S. dollar-denominated bonds from financial, utility, and industrial companies that offer high yields and carry credit ratings of Ba1/BB+/BB+ or lower (categorizing them as sub-investment grade). These bonds are selected for their enhanced liquidity compared to the Parent Index and must satisfy specific criteria related to their maturity, credit quality, and market liquidity. The index explicitly excludes 144A tranche securities unless they have a corresponding Regulation S tranche. To be eligible for inclusion, bonds must also adhere to various predefined standards at each rebalancing date, covering aspects such as their eligible currency, total amount outstanding, overall quality, remaining maturity, and the level of interest payments. For more detailed information on this index and the general methodologies of Bloomberg Indices, please visit their official website at https://www.bloombergindices.com/.