The MVIS EM Aggregate Bond Index (MVEMAG) tracks the performance of emerging markets sovereign bonds and corporate bonds denominated in USD, EUR, or local emerging markets currencies. MVEMAG is a modified market cap-weighted index. To be included in the index, bonds must be issued by either an emerging markets sovereign, a quasi-sovereign issuer, or a corporate issuer whose primary country of risk is deemed to be an emerging market country.
Sovereign bonds (USD&EUR): at least 500 mln USD.Sovereign bonds (local FX): at least 1000 mln USD.Corporate bonds and quasi-sovereign bonds (USD&EUR) andCorporate bonds and quasi-sovereign bonds (local FX): at least 300 mln USD.
Maturity
To be included in the index bonds must have a minimum of 24 months remaining to maturity.
The tables below shows fundamental data of the Index. Descriptive values are updated on a daily basis. The chart shows historical values on a monthly basis.
Average Yield to Maturity
-
Average Modified Duration
-
Average Years to Maturity
8.71
Average Coupon
-
Yield to Worst
-
Current Yield
-
Rating Breakdown
The tables below shows Bloomberg Composite Rating breakdown of the index components. The data are updated on a daily basis.
Rating
Count
Weight
Not Rated
972
25.10%
High Yield
1044
28.96%
Investment Grade
1559
45.94%
Maturity Breakdown
The table below shows Maturity breakdown of the index components. The data are updated on a daily basis.
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The MVIS® US Investment Grade Floating Rate Index (MVFLTR) tracks the performance of US-investment grade floating rate notes. MVFLTR is a modified market cap-weighted index, and 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. Additionally, they must 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 300 mln are available for inclusion. Securities included in the index must have a minimum of 6 months and maximum of 30 years to maturity.
MVIS® Moody's Analytics US Investment Grade Corporate Bond Index
The MVIS® Moody's Analytics US Investment Grade Corporate Bond Index (MVCI) is designed to track the performance of U.S. dollar-denominated investment grade corporate bonds issued in the U.S. domestic market by U.S. and non-U.S. issuers that exhibit a low risk of being downgraded to non-investment grade and offer an excess spread over its fair value based on proprietary credit risk metrics developed by Moody's Analytics.
MVIS® Moody's Analytics US BBB Corporate Bond Index
The MVIS® Moody's Analytics US BBB Corporate Bond Index (MVBI) is designed to track the performance of U.S. dollar-denominated BBB rated corporate bonds issued in the U.S. domestic market by U.S. and non-U.S. issuers that exhibit a low risk of being downgraded to non-investment grade, and offer an excess spread over its fair value based on proprietary credit risk metrics developed by Moody's Analytics.