TCBT
VanEck iBoxx EUR Corporates UCITS ETF

Index Description

The Markit iBoxx SD-KPI EUR Liquid Corporates Index is a weighted index composed of 40 liquid investment grade corporate bonds denominated in Euro. At the time of inclusion of the bonds in the index, the bonds must have an investment grade rating. The minimum issue size is EUR 750 million and a maximum of one bond per issuer is included in the index.

Index Key Points

Underlying Index
iBoxx SD-KPI EUR Liquid Corporates Index (IBXXELTR)


The index has the followings specifications:

  • The index is weighted by market capitalisation.
  • The Markit iBoxx SD-KPI EUR Liquid Corporates Index consists of the approximately 40 largest and most liquid euro denominated corporate bonds.
  • The minimum issue size is at least 750 million euro.
  • Only one bond per issuer can be part of the index
  • 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.
  • For the weighting, two weight augmentations are applied:
    1. Market weight, ensuring that the index has a similar financial vs nonfinancial exposure to the EUR Corporates benchmark index.
    2. ESG-weight, ensuring that all issuers with higher SD-KPI scores are over weighted and issuers with lower SD-KPI scores are under weighted.


Index Provider
Markit Group Limited

Click here for more information about the index methodology

Index Information
 

  • Index Provider

    IHS Markit

  • Index Type

    Total Return

  • Currency

    EUR

  • Rebalance Frequency

    Quarterly

  • Bloomberg Ticker

    IBXXELTR

Index Fundamentals
as of 31 Jan 2023

  • Yield to Worst

    3.71%

  • Yield to Maturity

    3.74%

  • Effective Duration (yrs)

    5.23

  • Years to Maturity

    6.09

  • Modified Duration (yrs)

    5.33

  • Coupon

    1.61%

Index Top 10 Constituents (%) as of 31 Dec 2022

Total Constituents: 40
Constituent Name
Coupon
Maturity
 Weighting (%)
Dh Europe Finance
0.000
18 Sep 2031
 4.57
Novartis Finance Sa
0.000
23 Sep 2028
 4.07
Thermo Fisher Sc Fnce I
0.800
18 Oct 2030
 3.82
Jpmorgan Chase & Co
0.000
23 Mar 2030
 3.76
Credit Suisse Group Ag
0.000
01 Mar 2029
 3.69
Exxon Mobil Corporation
0.142
26 Jun 2024
 3.39
At&T Inc
1.600
19 May 2028
 3.09
Hsbc Holdings Plc
3.019
15 Jun 2027
 3.06
Goldman Sachs Group Inc
0.000
27 Mar 2025
 3.05
Comcast Corp
0.000
20 Feb 2032
 3.01
Top 10 Total (%) 35.51
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Dec 2022

  • Country

    Weightings (%)
  • ■

    United States

    35.4
  • ■

    Germany

    20.2
  • ■

    Switzerland

    9.5
  • ■

    Canada

    9.0
  • ■

    Netherlands

    8.8
  • ■

    United Kingdom

    7.6
  • ■

    Belgium

    3.0
  • ■

    Italy

    1.9
  • ■

    France

    1.7
  • ■

    Austria

    1.6
  • ■

    Luxembourg

    1.3

Index Sector Weightings (%) as of 31 Dec 2022

  • Sector

    Weightings (%)
  • ■

    Financials

    47.0
  • ■

    Technology

    13.7
  • ■

    Healthcare

    11.6
  • ■

    Industrials

    9.9
  • ■

    Consumer Cyclicals

    6.4
  • ■

    Energy

    5.0
  • ■

    Consumer Non-Cyclicals

    4.7
  • ■

    Utilities

    1.6

Credit Quality (%)†
as of 31 Dec 2022

Composite % of Net Assets
Investment Grade AAA 3.00
AA 11.33
A 36.48
BBB 38.22
Total Investment Grade -- 89.02
Not Rated -- 10.98

Maturity (%) as of 31 Dec 2022

Average Maturity: 6.12 Years

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