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.
Learn how to license this index| Component | Coupon | Maturity | Country | Weight |
|---|---|---|---|---|
| Commonwealth Bank of Australia | 5.11% | 14 Mar 2030 | AU | 1.68% |
| Sumitomo Mitsui Trust Bank Ltd. | 5.27% | 13 Mar 2030 | JP | 1.12% |
| Morgan Stanley | 5.30% | 13 Apr 2028 | US | 1.12% |
| Commonwealth Bank of Australia | 4.94% | 14 Mar 2028 | AU | 1.12% |
| DBS Group Holdings Ltd. | 4.91% | 21 Mar 2028 | SG | 1.11% |
| Wells Fargo & Co. | 5.37% | 22 Apr 2028 | US | 1.11% |
| Morgan Stanley Bank National Association (Utah) | 5.22% | 14 Jul 2028 | US | 1.11% |
| United Overseas Bank Ltd. | 4.86% | 02 Apr 2028 | SG | 1.00% |
| ANZ Group Holdings Ltd. | 5.15% | 16 Dec 2029 | AU | 0.96% |
| Sumitomo Mitsui Financial Group Inc. | 5.36% | 15 Apr 2030 | JP | 0.89% |
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| Country | Components | Weight |
|---|---|---|
| Canada | 41 | 9.74% |
| United States | 172 | 44.01% |
| Japan | 13 | 4.68% |
| Germany | 17 | 4.00% |
| France | 12 | 3.83% |
| Netherlands | 11 | 3.46% |
| Singapore | 4 | 3.01% |
| South Korea | 9 | 2.33% |
| United Kingdom | 26 | 10.60% |
| Australia | 30 | 10.13% |
| Spain | 2 | 1.28% |
| Finland | 3 | 0.98% |
| Sweden | 5 | 0.89% |
| Switzerland | 4 | 0.43% |
| Norway | 1 | 0.39% |
| New Zealand | 1 | 0.16% |
| Cash | 1 | 0.07% |
| Total | 352 | 100.00% |
Sector weightings are based on the weightings of all index components in a certain sector.
| Sector | Components | Weight |
|---|---|---|
| Financials | 286 | 86.23% |
| Consumer Cyclicals | 27 | 4.57% |
| Industrials | 13 | 3.30% |
| Energy | 8 | 1.89% |
| Utilities | 5 | 0.98% |
| Technology | 2 | 0.89% |
| Healthcare | 4 | 0.78% |
| Consumer Non-Cyclicals | 4 | 0.67% |
| Basic Materials | 1 | 0.33% |
| Real Estate | 1 | 0.28% |
| Cash | 1 | 0.07% |
| Total | 352 | 100.00% |
Currency weightings are based on the weightings of all index components in a certain currency.
| Currency | Components | Weight |
|---|---|---|
| USD | 352 | 100.00% |
| Total | 352 | 100.00% |
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