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TCBT
VanEck Vectors iBoxx EUR Corporates UCITS ETF

Fund Description: The VanEck Vectors iBoxx EUR Corporates UCITS ETF is a UCITS-compliant exchange-traded fund that invests in a portfolio of bond securities with the aim of providing investment returns that closely track the performance of the Markit iBoxx EUR Liquid Corporates Index.

Index Description: The Markit iBoxx 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.

Management Style: Replication

 
 

  • Fund Ticker

    TCBT
  • Management Company

    VanEck Asset Management B.V.
  • Custodian

    KAS BANK N.V.
  • Domicile

    The Netherlands
  • Index Ticker

    IB8A
  • 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 17 Sep 2020

  • NAV1

    18.73
  • Shares Outstanding

    4,533,390
  • Number of Holdings

    40
  • Base Currency

    EUR
  • Net Assets

    €84.9M
  • Product Structure

    Physical (Full Replication)
  • Distribution Frequency

    Quarterly
  • Income Treatment

    Distributing
  • Total Expense Ratio

    0.15%
  • Fact Sheet
  • ETF Product List
afm_english_risicoscore_3.jpg

Key Points

  • Exposure to Euro denominated corporate bonds.
  • Investment grade bonds.
  • Full physical replication and no securities lending.

Yields
as of 31 Aug 2020

  • 12-Month Yield1

    1.02%
 1The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. The dividend paid may differ from the dividend yield of the index by increasing or decreasing the fund. A part of the dividend can be reinvested whereby this is processed in the price and not paid out.

Fundamentals3
as of 17 Sep 2020

  • Yield to Worst

    0.34%
  • Yield to Maturity

    0.39%
  • Effective Duration (yrs)

    5.65
  • Years to Maturity

    6.12
  • Modified Duration (yrs)

    5.68
  • Coupon

    1.28%
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. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. 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 17 Sep 2020

Exchange Ticker TCBT
ISIN NL0009690247
SEDOL B3Y8F16
Bloomberg TCBT NA
Reuters (RIC) TCBT.AS
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency EUR
Last Traded Price 18.66
Day's Move -0.06
Volume 102,798
30 Day Volume 35,502
VWAP Volume 102,798
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL BYYYRX7
Bloomberg TCBT BB
Reuters (RIC) --
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency EUR
Last Traded Price 18.66
Day's Move -0.06
Volume 102,798
30 Day Volume 35,502
VWAP Volume 102,798
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL BZ5ZJ41
Bloomberg TCBT LN
Reuters (RIC) TCBT.L
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency USD
Last Traded Price 22.11
Day's Move -0.04
Volume 0
30 Day Volume --
VWAP Volume 0
Exchange Ticker TCGB
ISIN NL0009690247
SEDOL BGPK158
Bloomberg TCGB LN
Reuters (RIC) TCGB.L
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency GBP
Last Traded Price 17.07
Day's Move 0.02
Volume 0
30 Day Volume --
VWAP Volume 0
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL --
Bloomberg TCBT GY
Reuters (RIC) TCBT.DE
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency EUR
Last Traded Price 18.70
Day's Move -0.01
Volume 0
30 Day Volume 703
VWAP Volume 0
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL BJLT257
Bloomberg TCBT SE
Reuters (RIC) TCBT.S
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency CHF
Last Traded Price 20.12
Day's Move 0.00
Volume 0
30 Day Volume --
VWAP Volume 0
Exchange Ticker TCBT
ISIN NL0009690247
SEDOL B3Y8F16
Bloomberg TCBT IM
Reuters (RIC) TCBT.MI
Telekurs 12741363
Bloomberg iNAV ITCBT
Reuters iNAV ITCBTINAV.PA
WKN A1T84M
Trading Currency EUR
Last Traded Price 18.70
Day's Move -0.03
Volume 0
30 Day Volume 17
VWAP Volume 0

NAVs as of 17 Sep 2020

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
TCBT EUR €18.73 €0.02 / +0.11% +0.86%
0.15

Performance History: Average Annual Total Returns* (%)

1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -0.01 2.47 0.38 -1.35 2.01 2.37 -- 3.36
IB8A (Index) 0.00 2.51 0.39 -1.31 2.15 2.53 -- 3.61
Performance Differential (NAV - Index) -0.01 -0.04 -0.01 -0.04 -0.14 -0.16 -- -0.25
1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.96 5.75 -1.09 -0.67 1.94 2.19 -- 3.26
IB8A (Index) 0.97 5.85 -1.12 -0.64 2.08 2.34 -- 3.51
Performance Differential (NAV - Index) -0.01 -0.10 0.03 -0.03 -0.14 -0.15 -- -0.25

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 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 (%) View All Holdings » as of 31 Aug 2020

Total Holdings: 40
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
DAIMLER INTERNATIONAL FINANCE BV
0.250
06 Nov 2023
BBB
Germany
EUR
4.2042
DH EUROPE FINANCE II SARL
0.750
18 Sep 2031
BBB
United States
EUR
4.1940
CK HUTCHISON GROUP TELECOM FINANCE SA
0.375
17 Oct 2023
BBB
United Kingdom
EUR
3.5703
TAKEDA PHARMACEUTICAL CO LTD
3.000
21 Nov 2030
BBB
Japan
EUR
3.5646
MEDTRONIC GLOBAL HOLDINGS SCA
1.125
07 Mar 2027
A
United States
EUR
3.5561
MORGAN STANLEY
1.875
27 Apr 2027
A
United States
EUR
3.1175
CREDIT SUISSE GROUP AG
3.250
02 Apr 2026
BBB
Switzerland
EUR
3.1082
JPMORGAN CHASE & CO
1.090
11 Mar 2027
A
United States
EUR
3.1082
DNB BANK ASA
0.050
14 Nov 2023
AA
Norway
EUR
3.0978
BARCLAYS PLC
3.375
02 Apr 2025
BBB
United Kingdom
EUR
3.0914
Top 10 Total (%) 34.61
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 Aug 2020

  • Country

    % of Net Assets
  • Germany

    39.99
  • United States

    23.82
  • United Kingdom

    9.08
  • Switzerland

    5.54
  • Canada

    4.60
  • Netherlands

    3.85
  • Japan

    3.63
  • Norway

    3.10
  • Austria

    2.42
  • Belgium

    1.89
  • Other/Cash

    2.08

Currency Exposure (%)
as of 31 Aug 2020

  • Euro

    99.78
  • Other/Cash

    0.22

Credit Quality (%) as of 31 Aug 2020

Composite % of Net Assets
Investment Grade AA 12.41
A 41.31
BBB 45.52
Total Investment Grade -- 99.24
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 31 Aug 2020

 Average Maturity: 6.16 Years

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You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Any investment in a fund should be part of an overall investment program, not a complete program. An investor should consider investment objectives, risks, charges, and expenses of the investment carefully before investing.

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Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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