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VanEck Vectors iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF

Index Description

The Markit iBoxx EUR Liquid Sovereign Capped AAA-AA 1-5 Index is composed of 15 liquid investment grade government bonds. It only consists of AAA or AA rated bonds. All bonds are denominated in Euro. The outstanding amount is at least EUR 2 billion. The weight per country is capped at 30%. 

Underlying Index
Markit iBoxx EUR Liquid Sovereign Capped AAA-AA 1-5 Index(IES11TR)



The index has the followings specifications:

  • It is a weighted index based on free float-adjusted market capitalisation.
  • The Markit iBoxx EUR Liquid Sovereigns Capped AAA-AA 1-5 Index consists of the approximately 15 largest and most liquid euro denominated government bonds with a remaining maturity of 1.25 to 5.5 years. The index only consists of AAA or AA rated bonds with an outstanding amount of at least 2 billion euro.
  • The weight per country is capped at 30%.
  • The ETF aims, insofar as possible and practicable, to invest in bonds that form part of the index and meet the credit rating criteria (AA). If the bonds are downrated, the ETF may continue to hold such bonds until they are no longer part of the index and it is practicable to sell them.
  • The index may be reviewed quarterly on the last trading day of February, May, August and November.
  • The universe of the underlying index consists of all euro denominated bonds.

Index Provider
Markit Group Limited


Download Index Composition
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Index Information

Index Provider IHS Markit
Index Type Total Return
Currency EUR
Inception Date 31 Dec 1998
Rebalance Frequency Quarterly
Bloomberg Ticker IBXXS15T

Index Fundamentals4
as of 14 May 2021

  • Yield to Worst

    -0.52%
  • Yield to Maturity

    -0.52%
  • Effective Duration (yrs)

    3.56
  • Years to Maturity

    3.60
  • Modified Duration (yrs)

    3.55
  • Coupon

    1.43%
 4 See Important Disclosure for definitions.

Index Top 10 Constituents (%) as of 30 Apr 2021

Total Constituents: 15
Constituent Name
Coupon
Maturity Weighting (%)
France (Govt Of)
4.250
25 Oct 2023
10.50
France (Govt Of)
0.000
25 May 2023
10.19
Bundesrepub. Deutschland
0.500
15 Feb 2026
9.44
France (Govt Of)
0.000
25 Mar 2025
9.31
Bundesrepub. Deutschland
0.000
15 Aug 2026
8.92
Bundesrepub. Deutschland
1.000
15 Aug 2025
8.70
Belgium Kingdom
0.800
22 Jun 2025
6.09
Netherlands Government
1.750
15 Jul 2023
5.52
Netherlands Government
0.250
15 Jul 2025
5.46
Netherlands Government
0.000
15 Jul 2026
5.15
Top 10 Total (%) 79.28
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 30 Apr 2021

  • Country

    Weightings (%)
  • Germany

    35.1
  • United States

    27.1
  • Switzerland

    9.3
  • United Kingdom

    5.4
  • Canada

    4.6
  • Belgium

    4.4
  • Netherlands

    3.8
  • Japan

    3.3
  • Norway

    3.1
  • Austria

    2.2
  • France

    1.7

Index Sector Weightings (%) as of 30 Apr 2021

  • Sector

    Weightings (%)
  • Government

    100.0

Index Credit Quality (%) as of 30 Apr 2021

Composite % of Net Assets
Investment Grade AA 10.65
Total Investment Grade -- 10.65
Not Rated -- 89.35
Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.

Maturity (%) as of 30 Apr 2021

Average Maturity: 3.64 Years:
< 1 1 - 3 3 - 5 5 - 7 7 - 10 10 - 15 15 - 20 20 - 30 30 +
30 + 0.0
20 - 30 0.0
15 - 20 0.0
10 - 15 0.0
7 - 10 0.0
5 - 7 19.1
3 - 5 42.6
1 - 3 38.3
< 1 0.0