MVIS US Investment Grade Floating Rate Index

The modified market cap-weighted index tracks the performance of US-investment grade floating rate notes. Included in the index are USD-denominated floating rate notes, issued by corporate entities or similar commercial entities that are public reporting companies in the United States, if they have at least one investment grade rating by a rating agency, and must not be rated 'below investment grade' by any rating agency. Only bonds with an amount outstanding of at least USD 500 mln are available for inclusion. Securities included in the index must have a minimum of 6 months remaining to maturity. The MVIS US Investment Grade Floating Rate Index (MVFLTR) has been licensed to underlie financial products with currently USD 559.7 million in assets under management.

Index Fundamentals

The tables below show fundamental data of the MVIS Bond Index.
Descriptive values are updated on a daily basis. The chart shows historical values on a monthly basis.

Average Yield to Maturity0.46
Average Modified Duration1.23
Average Years to Maturity2.75
Average Coupon0.00
Yield to Worst0.46
Current Yield0.00

Rating and Maturity Breakdown

The tables below show Bloomberg Composite Rating breakdown and Maturity breakdown of the index components.
The data are updated on a daily basis.

High Yield203 77.80%
Investment Grade45 22.20%
0 - 3 Years220 76.15%
3 - 5 Years20 18.62%
5 - 7 Years5 3.96%
7 - 10 Years--
10 - 15 Years--
15 - 20 Years1 0.39%
20+ Years2 0.88%