Excluded from the Index are non-corporate bonds, structured notes with embedded swaps or other special features, bonds with equity - type features (e.g., warrants, convertibility),
floating - rate issues,
Eurobonds, defaulted bonds, zero coupon bonds and payment in kind securities.
Structured notes with embedded swaps or other special features, as well as private placements,
floating - rate securities, and
Eurobonds are excluded from the Index.