MVIS Altman North America Distressed Bond Index
The modified market cap-weighted index covers the U.S. And Canada distressed bond market and is derived from the MVIS North America Defaulted & Distressed Bond Index (MVRCOV) which 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 Distressed Bond Index (MVRCDI) bonds have to be incorporated and domiciled in the United States or Canada.
||MVRCOV 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.