MVIS Altman N. Am. Defaulted & Distressed Bond Index
The modified market cap-weighted index tracks the performance of the U.S. And Canada defaulted and distressed bond market with bonds denominated in USD. To be included in the MVIS Altman North America Defaulted & Distressed Bond Index (MVRCOV) bonds have to be incorporated and domiciled in the United States or Canada.
Derived from this index are two sub-indices covering the defaulted and the distressed bond sector respectively.
||The index targets a weight between 50% and 80% in defaulted bonds and the remaining weight in distressed bonds.
||At least 100 million USD (bonds in the defaulted bond sector), and
at least 300 million USD (bonds in the distressed bond sector).
||5% per issuer.