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TCBT
VanEck iBoxx EUR Corporates UCITS ETF

Fund Description

Access reasonable returns from bonds in a yield-starved world. Our ETF follows an index which selects the 40 largest and most liquid euro-denominated corporate bonds with at least an investment-grade rating. The ETF incorporates Environmental, Social and Governance (ESG) factors.

  • Diversified exposure to highly liquid euro-denominated corporate bonds with an investment-grade rating and minimum issue size of EUR 750 million
  • Direct access to corporate bonds from a variety of sectors (industrials, utilities, financial companies, etc.) and countries
  • Higher weights to issuers with higher ESG scores while reducing weights to those with lower ESG scores

Risk factors: credit risk, liquidity risk, interest rate risk

For further details on the Fund and its Index, please see the Index Transition Communication on the Documents page of the Fund or the Index Description on the Index page.



Underlying Index

iBoxx SD-KPI EUR Liquid Corporates Index (IBXXELTR)

Fund Details
 

  • Fund Ticker

    TCBT
  • Management Company

    VanEck Asset Management B.V.
  • Custodian

    State Street Bank International GmbH, Amsterdam branch
  • Domicile

    The Netherlands
  • Index Ticker

    IBXXELTR
  • Index Provider

    IHS Markit
  • Rebalance Frequency

    Quarterly
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 02 Dec 2022

  • NAV1

    16.31
  • Shares Outstanding

    1,868,390
  • Number of Holdings

    40
  • Base Currency

    EUR
  • Net Assets

    €30.5M
  • Product Structure

    Physical (Full Replication)
  • Income Treatment

    Distributing
  • Distribution Frequency

    Quarterly
  • Total Expense Ratio

    0.15%
  • SFDR Classification

    Article 8
  • Fact Sheet
  • VanEck Product List
  • Fund Holiday Calendar

Fundamentals3
as of 01 Dec 2022

  • Yield to Worst

    3.37%
  • Yield to Maturity

    3.39%
  • Effective Duration (yrs)

    5.50
  • Years to Maturity

    6.35
  • Modified Duration (yrs)

    5.65
  • Coupon

    1.58%
3These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

Trading Information as of 02 Dec 2022

Euronext
Amsterdam
EUR
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL B3Y8F16
Bloomberg TCBT NA
Reuters (RIC) TCBT.AS
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV TCBTINAV=IHSM
WKN A1T84M
Trading Currency EUR
Last Traded Price 16.42
Day's Move 0.02
Volume 5,350
30 Day Volume 4,921
VWAP Volume 5,350
Euronext
Brussels
EUR
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL BYYYRX7
Bloomberg TCBT BB
Reuters (RIC) --
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV TCBTINAV=IHSM
WKN A1T84M
Trading Currency EUR
Last Traded Price 16.42
Day's Move 0.02
Volume 5,350
30 Day Volume 4,921
VWAP Volume 5,350
London
Stock Exchange
USD
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL BZ5ZJ41
Bloomberg TCBT LN
Reuters (RIC) TCBT.L
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency USD
Last Traded Price 17.21
Day's Move 0.00
Volume 15,000
30 Day Volume 2,335
VWAP Volume 15,000
London
Stock Exchange
GBP
Exchange Ticker TCGB
ISIN NL0009690247
SEDOL BGPK158
Bloomberg TCGB LN
Reuters (RIC) TCGB.L
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency GBP
Last Traded Price 14.04
Day's Move 0.00
Volume 0
30 Day Volume 167
VWAP Volume 0
Deutsche
Börse
EUR
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL --
Bloomberg TCBT GY
Reuters (RIC) TCBT.DE
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV TCBTINAV=IHSM
WKN A1T84M
Trading Currency EUR
Last Traded Price 16.40
Day's Move -0.01
Volume 382
30 Day Volume 826
VWAP Volume 382
SIX
Swiss Exchange
CHF
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL BJLT257
Bloomberg TCBT SE
Reuters (RIC) TCBT.S
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency CHF
Last Traded Price 16.15
Day's Move 0.01
Volume 0
30 Day Volume 26
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL B3Y8F16
Bloomberg TCBT IM
Reuters (RIC) TCBT.MI
Valor 12741363
Bloomberg iNAV ITCBT
Reuters iNAV TCBTINAV=IHSM
WKN A1T84M
Trading Currency EUR
Last Traded Price 16.40
Day's Move 0.00
Volume 20,000
30 Day Volume 1,694
VWAP Volume 20,000

NAVs as of 02 Dec 2022

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
TCBT EUR €16.31 €-0.01 / -0.09% -11.15%
0.15

Performance History* (%)

Month End as of 31 Oct 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.37 -8.04 -13.97 -13.83 -4.76 -1.85 0.49 1.43
IBXXELTR (Index) 0.39 -8.03 -14.00 -13.88 -4.70 -1.74 0.62 1.65
Performance Differential (NAV - Index) -0.02 -0.01 0.03 0.05 -0.06 -0.11 -0.13 -0.22
Quarter End as of 30 Sep 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -3.47 -3.46 -14.29 -14.77 -4.95 -1.72 0.52 1.41
IBXXELTR (Index) -3.50 -3.47 -14.34 -14.83 -4.89 -1.61 0.66 1.63
Performance Differential (NAV - Index) 0.03 0.01 0.05 0.06 -0.06 -0.11 -0.14 -0.22
Calendar Year as of 31 Dec 2021 2017 2018 2019 2020 2021
ETF (NAV) 1.22 -1.12 6.90 2.36 -1.47
IBXXELTR (Index) 1.53 -1.00 7.06 2.44 -1.32

Market Makers

Parties that are quoting in the Dutch-domiciled ETF’s managed by VanEck Asset Management B.V. are amongst the list of Market Makers and Authorized Participants mentioned above. This list however does not in all cases fully apply to the relevant ETF and/or relevant stock exchange. For up to date information, please contact us directly.

Top 10 Holdings (%) as of 31 Oct 2022 View All Holdings »

Total Holdings: 40
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
DH EUROPE FINANCE II SARL
0.750
18 Sep 2031
BBB+
United States
EUR
4.6604
NOVARTIS FINANCE SA
0.000
23 Sep 2028
A+
Switzerland
EUR
4.1985
THERMO FISHER SCIENTIFIC FINANCE I BV
0.800
18 Oct 2030
BBB+
Netherlands
EUR
3.8836
JPMORGAN CHASE & CO
1.963
23 Mar 2030
A
United States
EUR
3.7728
EXXON MOBIL CORP
0.142
26 Jun 2024
AA-
United States
EUR
3.3567
GOLDMAN SACHS GROUP INC/THE
3.375
27 Mar 2025
BBB+
United States
EUR
3.1028
BARCLAYS PLC
3.375
02 Apr 2025
BBB
United Kingdom
EUR
3.1017
ANHEUSER-BUSCH INBEV SA/NV
3.700
02 Apr 2040
BBB+
Belgium
EUR
3.1017
AT&T INC
1.600
19 May 2028
BBB
United States
EUR
3.0998
CDP FINANCIAL INC
1.125
06 Apr 2027
AAA
Canada
EUR
3.0601
Top 10 Total (%) 35.33
These are not recommendations to buy or to sell any security. Securities and holdings may vary.Due to certain corporate actions, the holdings may contain shares with a very small weighting. In addition, more shares may be included in the portfolio than in the normal composition. During the review, these shares normally fall from the index.

Country Weightings (%) as of 31 Oct 2022

  • Country

    % of Net Assets
  • United States

    32.68
  • Germany

    22.29
  • Netherlands

    9.52
  • Canada

    9.09
  • United Kingdom

    8.47
  • Switzerland

    8.38
  • Belgium

    3.10
  • Austria

    1.86
  • Italy

    1.84
  • France

    1.28
  • Other/Cash

    1.49

Currency Exposure (%)
as of 31 Oct 2022

  • Euro

    99.67
  • Other/Cash

    0.33

Sector Weightings (%) as of 31 Oct 2022

  • Sector

    % of Net Assets
  • Financials

    46.7
  • Healthcare

    11.8
  • Technology

    10.9
  • Industrials

    10.3
  • Consumer Non-Cyclicals

    7.0
  • Consumer Cyclicals

    6.0
  • Energy

    5.2
  • Utilities

    1.8
  • Other/Cash

    0.3

Credit Quality (%) as of 31 Oct 2022

Composite % of Net Assets
Investment Grade AAA 3.06
AA 11.41
A 40.09
BBB 45.11
Total Investment Grade -- 99.67

Maturity (%) as of 31 Oct 2022

 Average Maturity: 6.14 Years