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VanEck Vectors 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 20 Sep 2021

  • Yield to Worst

    -0.12%
  • Yield to Maturity

    -0.12%
  • Effective Duration (yrs)

    7.52
  • Years to Maturity

    7.71
  • Modified Duration (yrs)

    7.51
  • Coupon

    0.72%

Index Top 10 Constituents (%) as of 31 Aug 2021

Total Constituents: 25
Constituent Name
Coupon
Maturity Weighting (%)
Bundesrepub. Deutschland
0.000
15 Aug 2030
5.54
France (Govt Of)
0.000
25 May 2028
5.27
France (Govt Of)
0.750
25 Nov 2028
5.12
Bonos Y Oblig Del Estado
0.000
31 Oct 2030
4.92
Bundesrepub. Deutschland
0.000
15 Feb 2029
4.91
France (Govt Of)
0.000
25 Nov 2030
4.83
Bundesrepub. Deutschland
0.000
15 Aug 2029
4.81
France (Govt Of)
0.500
25 May 2029
4.77
Bundesrepub. Deutschland
0.000
15 Aug 2028
4.72
Bonos Y Oblig Del Estado
0.000
30 Apr 2028
4.70
Top 10 Total (%) 49.59
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Aug 2021

  • Country

    Weightings (%)
  • France

    20.0
  • Germany

    20.0
  • Spain

    17.8
  • Italy

    17.7
  • Netherlands

    11.0
  • Belgium

    10.7
  • Portugal

    2.8

Index Sector Weightings (%) as of 31 Aug 2021

  • Sector

    Weightings (%)
  • Government

    100.0

Index Credit Quality (%) as of 31 Aug 2021

Composite % of Net Assets
Investment Grade AAA 26.29
AA 23.44
A 13.98
BBB 16.37
Total Investment Grade -- 80.08
Not Rated -- 19.92
Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.

Maturity (%) as of 31 Aug 2021

 Average Maturity: 7.77 Years