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

Fund Description: The VanEck Vectors iBoxx EUR Sovereign Capped AAA-AA 1-5 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 Sovereign Capped AAA-AA 1-5 Index.

Index Description: The Markit iBoxx EUR Liquid Sovereign Capped AAA-AA 1-5 Index is composed of 15 liquid investment grade government bonds. It only consists of AAA or AA rated bonds. All bonds are denominated in Euro. The outstanding amount is at least EUR 2 billion. The weight per country is capped at 30%. 

Management Style: Replication

 
 

  • Fund Ticker

    TAT
  • Management Company

    VanEck Asset Management B.V.
  • Custodian

    KAS BANK N.V.
  • Domicile

    The Netherlands
  • Number of Holdings

    15
  • Index Ticker

    IBXXS15T
  • Index Provider

    IHS Markit
  • Rebalance Frequency

    Quarterly
  • Inception Date2

    26 Nov 2012
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 01 Apr 2020

  • NAV1

    21.36
  • Shares Outstanding

    14,761,000
  • Number of Holdings

    15
  • Base Currency

    EUR
  • Net Assets

    €315.3M
  • Product Structure

    Physical (Full Replication)
  • Distribution Frequency

    Quarterly
  • Income Treatment

    Distributing
  • Total Expense Ratio

    0.15%
  • Fact Sheet
  • ETF Product List
afm_english_risicoscore_2.jpg

Key Points

  • Exposure to Euro denominated Government bonds, AA minimum rating.
  • Full physical replication and no securities lending.

Yields
as of 29 Feb 2020

  • 12-Month Yield1

    2.51%
 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 01 Apr 2020

  • Yield to Worst

    -0.54%
  • Yield to Maturity

    -0.54%
  • Effective Duration (yrs)

    2.63
  • Years to Maturity

    2.71
  • Modified Duration (yrs)

    2.63
  • Coupon

    2.79%
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 01 Apr 2020

Exchange Ticker TAT
ISIN NL0010273801
SEDOL B8S0TC2
Bloomberg TAT NA
Reuters (RIC) TAT.AS
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency EUR
Last Traded Price 21.37
Day's Move 0.00
Volume 72,378
30 Day Volume 39,904
VWAP Volume 72,378
Exchange Ticker TAT
ISIN NL0010273801
SEDOL BYYYRY8
Bloomberg TAT BB
Reuters (RIC) --
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency EUR
Last Traded Price 21.37
Day's Move 0.00
Volume 72,378
30 Day Volume 39,904
VWAP Volume 72,378
Exchange Ticker VAAA
ISIN NL0010273801
SEDOL BZ5ZHV4
Bloomberg VAAA LN
Reuters (RIC) VAAA.L
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency USD
Last Traded Price 23.37
Day's Move -0.14
Volume 0
30 Day Volume --
VWAP Volume 0
Exchange Ticker TAGB
ISIN NL0010273801
SEDOL BZ5ZJ07
Bloomberg TAGB LN
Reuters (RIC) TAGB.L
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency GBP
Last Traded Price 18.85
Day's Move -0.04
Volume 0
30 Day Volume 3
VWAP Volume 0
Exchange Ticker VIGB
ISIN NL0010273801
SEDOL BZ06CX9
Bloomberg VIGB GY
Reuters (RIC) VIGB.DE
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency EUR
Last Traded Price 21.39
Day's Move -0.01
Volume 0
30 Day Volume 577
VWAP Volume 0
Exchange Ticker VAAA
ISIN NL0010273801
SEDOL BJLT2H9
Bloomberg VAAA SE
Reuters (RIC) VAAA.S
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency CHF
Last Traded Price 22.53
Day's Move 0.00
Volume 0
30 Day Volume --
VWAP Volume 0
Exchange Ticker TAT
ISIN NL0010273801
SEDOL B8S0TC2
Bloomberg TAT IM
Reuters (RIC) TAT.MI
Telekurs 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency EUR
Last Traded Price 21.37
Day's Move -0.02
Volume 0
30 Day Volume 126
VWAP Volume 0

NAVs as of 01 Apr 2020

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
TAT EUR €21.36 €-0.02 / -0.08% -0.19%
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) 0.18 0.24 0.45 0.41 -0.14 0.15 -- 0.52
IBXXS15T (Index) 0.19 0.27 0.50 0.55 -0.01 0.28 -- 0.67
Performance Differential (NAV - Index) -0.01 -0.03 -0.05 -0.14 -0.13 -0.13 -- -0.15
1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -0.22 -0.83 -0.20 -0.20 -0.36 0.12 -- 0.47
IBXXS15T (Index) -0.23 -0.81 -0.08 -0.08 -0.22 0.25 -- 0.62
Performance Differential (NAV - Index) 0.01 -0.02 -0.12 -0.12 -0.14 -0.13 -- -0.15

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 29 Feb 2020

Total Holdings: 15
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
FRENCH REPUBLIC GOVERNMENT BOND OAT
4.250
25 Oct 2023
AA
France
EUR
10.6064
FRENCH REPUBLIC GOVERNMENT BOND OAT
3.000
25 Apr 2022
AA
France
EUR
10.0157
FRENCH REPUBLIC GOVERNMENT BOND OAT
1.750
25 May 2023
AA
France
EUR
8.8873
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
1.750
04 Jul 2022
AAA
Germany
EUR
8.0407
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.500
15 Feb 2025
AAA
Germany
EUR
7.7424
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
2.000
04 Jan 2022
AAA
Germany
EUR
6.6504
NETHERLANDS GOVERNMENT BOND
1.750
15 Jul 2023
AAA
Netherlands
EUR
6.0394
KINGDOM OF BELGIUM GOVERNMENT BOND
4.250
28 Sep 2022
AA
Belgium
EUR
5.7057
KINGDOM OF BELGIUM GOVERNMENT BOND
4.250
28 Sep 2021
AA
Belgium
EUR
5.5329
NETHERLANDS GOVERNMENT BOND
3.250
15 Jul 2021
AAA
Netherlands
EUR
5.4983
Top 10 Total (%) 74.73
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 29 Feb 2020

  • Country

    % of Net Assets
  • France

    29.99
  • Germany

    22.54
  • Netherlands

    17.19
  • Belgium

    16.91
  • Austria

    13.24
  • Other/Cash

    0.14

Currency Exposure (%)
as of 29 Feb 2020

  • Euro

    99.86
  • Other/Cash

    0.14

Credit Quality (%) as of 29 Feb 2020

Composite % of Net Assets
Investment Grade AAA 39.01
AA 59.38
Total Investment Grade -- 98.39
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 29 Feb 2020

 Average Maturity: 2.79 Years

Important Disclosure           

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Information contained in this website does not constitute any legal or investment advice. This website does not constitute an offer to sell or solicitation to buy any security, including shares of any investment fund promoted on this website and other financial instrument, products or services sponsored by any VanEck affiliates ("VanEck").

VanEck constructs and issues the investment funds but does not give any financial advice to private investors or accept client funds. VanEck provides financial services (e.g. financial advice) only to professional clients according to the detailed definition in the Terms and Conditions of this website. For questions regarding investing or trading please contact your advisor, brokerage or bank. If you have technical questions regarding our investment funds, please contact us.

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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