The MVIS EM Sovereign Bond (USD&EUR) Index (MVEMSD) tracks the performance of emerging markets sovereign bonds denominated in USD or EUR. MVEMSD is a modified market cap-weighted index, and is is derived from the MVIS EM Aggregate Bond Index (MVEMAG), which tracks the performance of emerging markets sovereign bonds and corporate bonds denominated in USD, EUR, or local emerging markets currencies. To be included in the MVEMAG index, bonds must be issued by either an emerging markets sovereign, or quasi-sovereign issuer or a corporate issuer whose primary country of risk is deemed to be an emerging market country.