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TCBT
VanEck Vectors iBoxx EUR Corporates UCITS ETF

Fund Description

The VanEck Vectors iBoxx EUR Corporates UCITS ETF comprises 40 euro-denominated corporate bonds with at least an investment-grade rating.

  • Diversified exposure to euro-denominated corporate bonds with an investment-grade rating
  • Direct access to corporate bonds from a variety of sectors (industrials, utilities and financial companies, etc.)



Underlying Index

Markit iBoxx EUR Liquid Corporates Index

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

    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 09 Apr 2021

  • NAV1

    18.82

  • Shares Outstanding

    2,528,390

  • Number of Holdings

    40

  • Base Currency

    EUR

  • Net Assets

    €47.6M

  • Product Structure

    Physical (Full Replication)

  • Distribution Frequency

    Quarterly

  • Income Treatment

    Distributing

  • Total Expense Ratio

    0.15%
  • Fact Sheet
  • ETF Product List
  • Fund Holiday Calendar
afm_english_risicoscore_3.jpg

Fundamentals3
as of 09 Apr 2021

  • Yield to Worst

    0.15%

  • Yield to Maturity

    0.23%

  • Effective Duration (yrs)

    5.25

  • Years to Maturity

    5.70

  • Modified Duration (yrs)

    5.25

  • Coupon

    1.25%
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 09 Apr 2021

Euronext
Amsterdam
EUR
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 18.83
Day's Move -0.03
Volume 16,748
30 Day Volume 25,341
VWAP Volume 16,748
Euronext
Brussels
EUR
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 18.83
Day's Move -0.03
Volume 16,748
30 Day Volume 25,341
VWAP Volume 16,748
London
Stock Exchange
USD
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 22.39
Day's Move -0.06
Volume 0
30 Day Volume --
VWAP Volume 0
London
Stock Exchange
GBP
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 16.31
Day's Move -0.03
Volume 0
30 Day Volume --
VWAP Volume 0
Deutsche
Börse
EUR
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 18.83
Day's Move -0.03
Volume 0
30 Day Volume 626
VWAP Volume 0
SIX
Swiss Exchange
CHF
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 20.74
Day's Move -0.07
Volume 0
30 Day Volume --
VWAP Volume 0
Borsa
Italiana
EUR
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 18.84
Day's Move -0.02
Volume 0
30 Day Volume 3
VWAP Volume 0

NAVs as of 09 Apr 2021

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
TCBT EUR €18.82 €-0.03 / -0.16% -0.74%
0.15

Performance History: Average Annual Total Returns* (%)

View All ETFs View All Indices
Month End as of 31 Mar 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.06 -0.97 -0.97 8.37 2.55 1.95 -- 3.26
IB8A (Index) 0.08 -0.89 -0.89 8.67 2.67 2.12 -- 3.51
Performance Differential (NAV - Index) -0.02 -0.08 -0.08 -0.30 -0.12 -0.17 -- -0.25
Quarter End as of 31 Mar 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.06 -0.97 -0.97 8.37 2.55 1.95 -- 3.26
IB8A (Index) 0.08 -0.89 -0.89 8.67 2.67 2.12 -- 3.51
Performance Differential (NAV - Index) -0.02 -0.08 -0.08 -0.30 -0.12 -0.17 -- -0.25

*Periods greater than one year are annualised.

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12 month performance to the most recent Quarter end for each of the last 5yrs where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on.

Performance data for Irish domiciled ETFs 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.

The Dutch domiciled ETFs use a gross reinvestment index as opposed to many other ETFs and investment funds that use a net reinvestment index. Comparing with a gross reinvestment index is the purest form since it considers that Dutch investors can deduct or reclaim the dividend tax levied. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors can 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.

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 (%) as of 31 Mar 2021 View All Holdings »

Total Holdings: 40
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
ANHEUSER-BUSCH INBEV SA/NV
1.150
22 Jan 2027
BBB+
Belgium
EUR
4.3862
NOVARTIS FINANCE SA
0.000
23 Sep 2028
AA-
Switzerland
EUR
4.0227
DAIMLER INTERNATIONAL FINANCE BV
0.250
06 Nov 2023
BBB+
Germany
EUR
3.8465
INTERNATIONAL BUSINESS MACHINES CORP
0.375
31 Jan 2023
A
United States
EUR
3.8394
AT&T INC
1.600
19 May 2028
BBB
United States
EUR
3.7932
DH EUROPE FINANCE II SARL
0.750
18 Sep 2031
BBB+
United States
EUR
3.7803
TAKEDA PHARMACEUTICAL CO LTD
3.000
21 Nov 2030
BBB+
Japan
EUR
3.2351
BARCLAYS PLC
3.375
02 Apr 2025
BBB
United Kingdom
EUR
3.0562
DNB BANK ASA
0.050
14 Nov 2023
AA-
Norway
EUR
3.0522
JPMORGAN CHASE & CO
1.090
11 Mar 2027
A-
United States
EUR
3.0261
Top 10 Total (%) 36.05
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 Mar 2021

  • Country

    % of Net Assets
  • ■

    Germany

    35.66
  • ■

    United States

    26.99
  • ■

    Switzerland

    9.15
  • ■

    United Kingdom

    5.34
  • ■

    Canada

    4.46
  • ■

    Belgium

    4.36
  • ■

    Netherlands

    3.68
  • ■

    Japan

    3.27
  • ■

    Norway

    3.05
  • ■

    Austria

    2.09
  • ■

    Other/Cash

    1.94

Currency Exposure (%)
as of 31 Mar 2021

  • Euro

    99.84

  • Other/Cash

    0.16

Credit Quality (%) as of 31 Mar 2021

Composite % of Net Assets
Investment Grade AA 15.93
A 23.36
BBB 58.65
Total Investment Grade -- 97.94
Not Rated -- 1.77
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 Mar 2021

 Average Maturity: 5.70 Years

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An investment in the promoted investment funds may only be made based on the investment fund’s official sales prospectus, the relevant supplement and KIID and will be subject to the terms and conditions contained therein.

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.

Investment fund investing involves risk, including possible loss of principal. Investors should consult the prospectus and key investor information document ("KIID") before subscribing to any fund. The prospectus, the key investor information documents and the financial reports can be obtained free of charge from this website and upon request from the funds’ registered office and the offices of all local information agents. The documents, except for KIIDs, are only available in English and certain other languages as applicable.

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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