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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 26 Jan 2023

  • NAV1

    18.47

  • Shares Outstanding

    3,231,000

  • Number of Holdings

    15

  • Base Currency

    EUR

  • Net Assets

    €59.7M

  • Product Structure

    Physical (Full Replication)

  • Income Treatment

    Distributing

  • Distribution Frequency

    Quarterly

  • Total Expense Ratio

    0.15%

  • ISA Eligibility

    Yes

  • SIPP Available

    Yes

  • UK Reporting Status

    Yes

  • UK Distributor

    Yes

  • SFDR Classification

    Article 6
  • Fact Sheet
  • VanEck Product List
  • Fund Holiday Calendar

Fundamentals3
as of 26 Jan 2023

  • Yield to Worst

    2.36%

  • Yield to Maturity

    2.36%

  • Effective Duration (yrs)

    3.61

  • Years to Maturity

    3.75

  • Modified Duration (yrs)

    3.60

  • 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 26 Jan 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 16.23
Day's Move -0.08
Volume 0
30 Day Volume 4
VWAP Volume 0

NAVs as of 26 Jan 2023

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
TAT EUR €18.47 €-0.03 / -0.14% +1.17%
0.15

Performance History* (%)

View All ETFs View All Indices
  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
  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

Past performance does not predict future returns.

ETF returns not available if there is less than one year’s performance data.

*Periods greater than one year are annualised.

Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and KID before investing, which are available at the Document section of the fund on www.vaneck.com.

ETF performance: 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 10 years 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.

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 reclaim the dividend tax withheld. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors receive a refund of 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.

Returns may increase or decrease as a result of currency fluctuations.

Index performance: Performance quoted represents past performance of the underlying Index. An index performance is not illustrative of the Product's performance. It is not possible to invest directly in an index: indices are not securities in which investments can be made.
For more information on the Index performance, please consult the Index Provider´s website.

iBoxx® is a mark of Markit Indices Limited and have been licensed for use by VanEck Asset Management B.V. The Dutch domiciled VanEck ETFs are not sponsored, endorsed, or promoted by Markit Indices Limited.

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 Dec 2022 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 10.5499
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.750 25 May 2028 AA France EUR 10.0512
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.500 25 May 2026 AA France EUR 9.2386
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.500 15 Feb 2026 AAA Germany EUR 9.0549
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.500 15 Aug 2027 AAA Germany EUR 8.5169
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.000 15 Aug 2026 AAA Germany EUR 8.5088
KINGDOM OF BELGIUM GOVERNMENT BOND 5.500 28 Mar 2028 AA- Belgium EUR 6.8561
KINGDOM OF BELGIUM GOVERNMENT BOND 0.800 22 Jun 2025 AA- Belgium EUR 6.2047
NETHERLANDS GOVERNMENT BOND 0.250 15 Jul 2025 AAA Netherlands EUR 5.3742
NETHERLANDS GOVERNMENT BOND 0.500 15 Jul 2026 AAA Netherlands EUR 5.0453
Top 10 Total (%) 79.4006
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 Dec 2022

  • Country

    % of Net Assets
  • ■

    France

    29.84
  • ■

    Germany

    26.08
  • ■

    Belgium

    17.61
  • ■

    Netherlands

    15.40
  • ■

    Austria

    11.05
  • ■

    Other/Cash

    0.02

Currency Exposure (%)
as of 30 Nov 2022

  • Euro

    99.71

  • Other/Cash

    0.29

Sector Weightings (%) as of 31 Dec 2022

  • Sector

    % of Net Assets
  • ■

    Government Activity

    100.0
  • ■

    Other/Cash

    0.0

Credit Quality (%)† as of 31 Dec 2022

Composite % of Net Assets
Investment Grade AAA 41.48
AA 51.65
Total Investment Grade -- 93.13

Maturity (%) as of 31 Dec 2022

Average Maturity: 3.82 Years

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Important Disclosure           

This website is for informational/advertisement purposes only.

†Credit quality ratings are measured on a scale that ranges from AAA (highest) to D (lowest), and are based on credit ratings from S&P and Moody’s. If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuer’s credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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").

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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.

Investment fund investing involves risk, including possible loss of principal. Investors should consult the prospectus and key information document ("KID") before subscribing to any fund. The prospectus, the key 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 KIDs, 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 KID contain this and other information. Please read the sales prospectus and KID carefully before investing.

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