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TAT
VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF

Fund Description

Cushion your portfolio against unforeseen risks. Our ETF follows 15 government bonds with investment-grade ratings and relatively short maturities, which limits their volatility still further.

  • Targeted exposure to euro-denominated government bonds with a rating of AA or higher
  • Remaining maturities of one to five years
  • Maximum weighting of 30% per country



Underlying Index

Markit iBoxx EUR Liquid Sovereign Capped AAA-AA 1-5 Index (IES11TR)

Fund Details
 

  • Fund Ticker

    TAT
  • Management Company

    VanEck Asset Management B.V.
  • Custodian

    State Street Bank International GmbH, Amsterdam branch
  • Domicile

    The Netherlands
  • Index Ticker

    IBXXS15T
  • 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 03 Feb 2023

  • NAV1

    18.50
  • Shares Outstanding

    3,231,000
  • Number of Holdings

    15
  • Base Currency

    EUR
  • Net Assets

    €59.8M
  • Product Structure

    Physical (Full Replication)
  • Income Treatment

    Distributing
  • Distribution Frequency

    Quarterly
  • Total Expense Ratio

    0.15%
  • SFDR Classification

    Article 6
  • Fact Sheet
  • VanEck Product List
  • Fund Holiday Calendar
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Fundamentals3
as of 03 Feb 2023

  • Yield to Worst

    2.28%
  • Yield to Maturity

    2.28%
  • Effective Duration (yrs)

    3.59
  • Years to Maturity

    3.73
  • Modified Duration (yrs)

    3.58
  • Coupon

    1.20%
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. 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 03 Feb 2023

London
Stock Exchange
GBP
Exchange Ticker TAGB
ISIN NL0010273801
SEDOL BZ5ZJ07
Bloomberg TAGB LN
Reuters (RIC) TAGB.L
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency GBP
Last Traded Price 16.58
Day's Move 0.05
Volume 0
30 Day Volume 4
VWAP Volume 0

NAVs as of 03 Feb 2023

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
TAT EUR €18.50 €-0.07 / -0.37% +1.34%
0.15

Performance History* (%)

  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF 0.87 -0.90 0.87 -8.28 -3.64 -2.07 -0.68 -0.74
IBXXS15T (Index) 0.92 -0.86 0.92 -8.16 -3.50 -1.93 -0.54 -0.59
Performance differential (ETF – Index) -0.05 -0.04 -0.05 -0.12 -0.14 -0.14 -0.14 -0.15
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF -2.02 -1.87 -9.68 -9.68 -3.83 -2.36 -0.86 -0.83
IBXXS15T (Index) -2.05 -1.88 -9.60 -9.60 -3.70 -2.23 -0.73 -0.69
Performance differential (ETF – Index) 0.03 0.01 -0.08 -0.08 -0.13 -0.13 -0.13 -0.14
  2018 2019 2020 2021 2022
ETF -0.03 -0.20 -0.11 -1.41 -9.68
IBXXS15T (Index) 0.11 -0.08 0.07 -1.29 -9.60

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 and Authorized Participants 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 Jan 2023 View All Holdings »

Total Holdings: 15
Swipe<br>to view <br> full data
Holding Name Coupon Maturity
Composite
Rating
Country
Currency
% of Net
Assets
FRENCH REPUBLIC GOVERNMENT BOND OAT 2.750 25 Oct 2027 NR France EUR 10.5842
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.750 25 May 2028 AA France EUR 10.1268
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.500 25 May 2026 AA France EUR 9.2342
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.500 15 Feb 2026 AAA Germany EUR 9.0310
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.500 15 Aug 2027 AAA Germany EUR 8.5458
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.000 15 Aug 2026 AAA Germany EUR 8.5012
KINGDOM OF BELGIUM GOVERNMENT BOND 5.500 28 Mar 2028 AA- Belgium EUR 6.8656
KINGDOM OF BELGIUM GOVERNMENT BOND 0.800 22 Jun 2025 AA- Belgium EUR 6.1766
NETHERLANDS GOVERNMENT BOND 0.250 15 Jul 2025 AAA Netherlands EUR 5.3509
NETHERLANDS GOVERNMENT BOND 0.500 15 Jul 2026 AAA Netherlands EUR 5.0418
Top 10 Total (%) 79.4581
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 Jan 2023

  • Country

    % of Net Assets
  • France

    29.95
  • Germany

    26.08
  • Belgium

    17.59
  • Netherlands

    15.34
  • Austria

    11.05
  • Other/Cash

    0.00

Currency Exposure (%)
as of 31 Jan 2023

  • Euro

    100.00
  • Other/Cash

    0.00

Sector Weightings (%) as of 31 Jan 2023

  • Sector

    % of Net Assets
  • Government Activity

    100.0
  • Other/Cash

    0.0

Credit Quality (%) as of 31 Jan 2023

Composite % of Net Assets
Investment Grade AAA 41.42
AA 51.71
Total Investment Grade -- 93.14

Maturity (%) as of 31 Jan 2023

Average Maturity: 3.74 Years

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