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 440.86 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 Maturity | 0.87 |
| Average Modified Duration | 2.34 |
| Average Years to Maturity | 2.86 |
| Average Coupon | 1.15 |
| Yield to Worst | 0.74 |
| Current Yield | 1.14 |
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.
| Rating | Count | Weight |
| High Yield | 232 | 96.88% |
| Investment Grade | 4 | 0.74% |
| Not Rated | 4 | 2.39% |
| Maturity | Count | Weight |
| 0 - 3 Years | 202 | 68.86% |
| 3 - 5 Years | 30 | 24.92% |
| 5 - 7 Years | 5 | 5.03% |
| 7 - 10 Years | - | - |
| 10 - 15 Years | - | - |
| 15 - 20 Years | 1 | 0.36% |
| 20+ Years | 2 | 0.82% |
