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VanEck 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
Inception Date 31 Oct 2005
Rebalance Frequency Quarterly
Bloomberg Ticker IES11TR

Index Fundamentals
as of 05 Aug 2022

  • Yield to Worst

    1.43%
  • Yield to Maturity

    1.43%
  • Effective Duration (yrs)

    7.52
  • Years to Maturity

    7.72
  • Modified Duration (yrs)

    7.52
  • Coupon

    0.51%

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

Total Constituents: 25
Constituent Name
Coupon
Maturity Weighting (%)
Bundesrepub. Deutschland
0.000
15 Aug 2030
5.60
France (Govt Of)
0.750
25 Nov 2028
5.23
Bundesrepub. Deutschland
0.000
15 Aug 2031
5.11
France (Govt Of)
0.500
25 May 2029
5.01
Bonos Y Oblig Del Estado
0.000
31 Oct 2030
4.99
France (Govt Of)
0.000
25 Mar 2025
4.91
France (Govt Of)
0.000
25 Nov 2030
4.88
Bonos Y Oblig Del Estado
0.000
30 Jul 2028
4.83
Buoni Poliennali Del Tes
3.000
01 Aug 2029
4.81
Bundesrepub. Deutschland
0.000
15 Feb 2029
4.80
Top 10 Total (%) 50.17
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Jul 2022

  • Country

    Weightings (%)
  • Germany

    20.2
  • France

    20.0
  • Spain

    18.4
  • Italy

    17.5
  • Netherlands

    10.6
  • Belgium

    8.4
  • Portugal

    2.5
  • Austria

    2.3

Index Sector Weightings (%) as of 31 Jul 2022

  • Sector

    Weightings (%)
  • Government Activity

    100.0

Credit Quality (%) as of 31 Jul 2022

Composite % of Net Assets
Investment Grade AAA 30.78
AA 30.82
BBB 38.40
Total Investment Grade -- 100.00
Not Rated -- --

Maturity (%) as of 31 Jul 2022

 Average Maturity: 7.27 Years