TGBTVanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF
Index Description
The Markit iBoxx EUR Liquid Sovereign Diversified 1-10 Index is a weighted index composed of the approximately 25 largest and most liquid euro denominated government bonds with a maximum remaining maturity of 1 to 10 years. If the bonds are downgraded, the fund may continue to hold such bonds until they are no longer part of the index and it is practicable to sell them. The minimum issue size is EUR 2 billion and the maximum weight to an individual issuer is 20%.
Underlying Index
Markit iBoxx EUR Liquid Sovereign Diversified 1-10 Index (IES11TR)
The index has the followings specifications:
- The index is weighted by market capitalisation.
- The Markit iBoxx EUR Liquid Sovereign Diversified 1-10 Index consists of the approximately 25 largest and most liquid euro denominated government bonds with a remaining maturity between 1 and 10 years.
- The minimum issue size is at least 2 billion euro.
- The weight per country is capped at 20%.
- The index may be reviewed quarterly on the last trading day of January, April, July and October.
- The universe of the underlying index consists of all euro denominated bonds.
Index Provider
Markit Group Limited
Index Information
-
Index Provider
IHS Markit -
Index Type
Total Return -
Currency
EUR -
Rebalance Frequency
Quarterly -
Bloomberg Ticker
IES11TR
Index Fundamentals
as of 03 Feb 2023
-
Yield to Worst
2.57% -
Yield to Maturity
2.57% -
Effective Duration (yrs)
7.19 -
Years to Maturity
7.42 -
Modified Duration (yrs)
7.18 -
Coupon
0.51%
Index Top 10 Constituents (%) as of 31 Jan 2023
|
Constituent Name
|
Coupon
|
Maturity
|
Weighting (%) |
|---|---|---|---|
|
France (Govt Of) |
0.500 |
25 May 2029 |
5.42 |
|
Bundesrepub. Deutschland |
0.000 |
15 Aug 2030 |
5.39 |
|
France (Govt Of) |
0.000 |
25 Mar 2025 |
5.29 |
|
Buoni Poliennali Del Tes |
3.000 |
01 Aug 2029 |
4.95 |
|
France (Govt Of) |
0.000 |
25 Nov 2030 |
4.94 |
|
Bonos Y Oblig Del Estado |
0.000 |
31 Oct 2030 |
4.89 |
|
Bundesrepub. Deutschland |
0.000 |
15 Aug 2031 |
4.87 |
|
Bundesrepub. Deutschland |
0.000 |
15 Aug 2029 |
4.84 |
|
Bundesrepub. Deutschland |
0.000 |
15 Feb 2032 |
4.81 |
|
Buoni Poliennali Del Tes |
0.000 |
01 Apr 2030 |
4.48 |
| Top 10 Total (%) | 49.88 | ||
Index Country Weightings (%) as of 31 Jan 2023
-
Country
Weightings (%) -
■
Germany
19.9 -
■
France
19.9 -
■
Italy
18.1 -
■
Spain
17.7 -
■
Belgium
11.5 -
■
Netherlands
10.6 -
■
Austria
2.4
Index Sector Weightings (%) as of 31 Jan 2023
-
Sector
Weightings (%) -
■
Government Activity
100.0
Credit Quality (%)†
as of 31 Jan 2023
| Composite | % of Net Assets | |
|---|---|---|
| Investment Grade | AAA | 28.07 |
| AA | 33.75 | |
| BBB | 35.78 | |
| Total Investment Grade | -- | 97.60 |
| Not Rated | -- | 2.40 |
Maturity (%) as of 31 Jan 2023
Average Maturity: 7.21 Years