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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 30 Sep 2022

  • NAV1

    18.66

  • Shares Outstanding

    4,921,000

  • Number of Holdings

    15

  • Base Currency

    EUR

  • Net Assets

    €91.8M

  • 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 30 Sep 2022

  • Yield to Worst

    2.00%

  • Yield to Maturity

    2.00%

  • Effective Duration (yrs)

    3.61

  • Years to Maturity

    3.73

  • Modified Duration (yrs)

    3.61

  • Coupon

    0.85%
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 30 Sep 2022

Euronext
Amsterdam
EUR
Exchange Ticker TAT
ISIN NL0010273801
SEDOL B8S0TC2
Bloomberg TAT NA
Reuters (RIC) TAT.AS
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV TATINAV=IHSM
WKN A1T84N
Trading Currency EUR
Last Traded Price 18.66
Day's Move 0.03
Volume 7,938
30 Day Volume 8,207
VWAP Volume 7,938
Euronext
Brussels
EUR
Exchange Ticker TAT
ISIN NL0010273801
SEDOL BYYYRY8
Bloomberg TAT BB
Reuters (RIC) --
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV TATINAV=IHSM
WKN A1T84N
Trading Currency EUR
Last Traded Price 18.66
Day's Move 0.03
Volume 7,938
30 Day Volume 8,207
VWAP Volume 7,938
London
Stock Exchange
USD
Exchange Ticker VAAA
ISIN NL0010273801
SEDOL BZ5ZHV4
Bloomberg VAAA LN
Reuters (RIC) VAAA.L
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency USD
Last Traded Price 18.29
Day's Move 0.11
Volume 0
30 Day Volume --
VWAP Volume 0
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 16.41
Day's Move -0.08
Volume 0
30 Day Volume 883
VWAP Volume 0
Deutsche
Börse
EUR
Exchange Ticker VIGB
ISIN NL0010273801
SEDOL BZ06CX9
Bloomberg VIGB GY
Reuters (RIC) VIGB.DE
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV TATINAV=IHSM
WKN A1T84N
Trading Currency EUR
Last Traded Price 18.67
Day's Move 0.06
Volume 0
30 Day Volume 2,598
VWAP Volume 1
SIX
Swiss Exchange
CHF
Exchange Ticker VAAA
ISIN NL0010273801
SEDOL BJLT2H9
Bloomberg VAAA SE
Reuters (RIC) VAAA.S
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV ITATINAV.PA
WKN A1T84N
Trading Currency CHF
Last Traded Price 17.95
Day's Move 0.13
Volume 0
30 Day Volume 181
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker TAT
ISIN NL0010273801
SEDOL B8S0TC2
Bloomberg TAT IM
Reuters (RIC) TAT.MI
Valor 20070610
Bloomberg iNAV ITAT
Reuters iNAV TATINAV=IHSM
WKN A1T84N
Trading Currency EUR
Last Traded Price 18.67
Day's Move 0.07
Volume 200
30 Day Volume 2,061
VWAP Volume 200

NAVs as of 30 Sep 2022

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
TAT EUR €18.66 €0.06 / +0.30% -7.96%
0.15

Performance History* (%)

View All ETFs View All Indices
Month End as of 31 Aug 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -3.13 -1.82 -6.02 -6.89 -2.97 -1.67 -- -0.45
IBXXS15T (Index) -3.13 -1.81 -5.95 -6.79 -2.84 -1.53 -- -0.31
Performance Differential (NAV - Index) 0.00 -0.01 -0.07 -0.10 -0.13 -0.14 -- -0.14
Quarter End as of 30 Jun 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -0.90 -2.44 -5.14 -5.80 -2.51 -1.38 -- -0.36
IBXXS15T (Index) -0.91 -2.41 -5.09 -5.69 -2.38 -1.24 -- -0.22
Performance Differential (NAV - Index) 0.01 -0.03 -0.05 -0.11 -0.13 -0.14 -- -0.14
Calendar Year as of 31 Dec 2021 2017 2018 2019 2020 2021
ETF (NAV) -0.84 -0.03 -0.20 -0.11 -1.41
IBXXS15T (Index) -0.69 0.11 -0.08 0.07 -1.29

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 KIID 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 Aug 2022 View All Holdings »

Total Holdings: 15
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
FRENCH REPUBLIC GOVERNMENT BOND OAT
2.750
25 Oct 2027
NR
France
EUR
11.5859
FRENCH REPUBLIC GOVERNMENT BOND OAT
0.500
25 May 2026
AA
France
EUR
9.2327
FRENCH REPUBLIC GOVERNMENT BOND OAT
0.000
25 Mar 2025
AA
France
EUR
9.1661
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.500
15 Feb 2026
AAA
Germany
EUR
8.8727
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.250
15 Feb 2027
AAA
Germany
EUR
8.6810
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.500
15 Aug 2027
AAA
Germany
EUR
8.4384
KINGDOM OF BELGIUM GOVERNMENT BOND
0.800
22 Jun 2025
AA-
Belgium
EUR
6.5468
NETHERLANDS GOVERNMENT BOND
0.250
15 Jul 2025
AAA
Netherlands
EUR
5.7450
NETHERLANDS GOVERNMENT BOND
0.500
15 Jul 2026
AAA
Netherlands
EUR
5.4403
NETHERLANDS GOVERNMENT BOND
2.000
15 Jul 2024
AAA
Netherlands
EUR
5.2724
Top 10 Total (%) 78.98
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 Aug 2022

  • Country

    % of Net Assets
  • ■

    France

    29.77
  • ■

    Germany

    27.24
  • ■

    Belgium

    16.17
  • ■

    Netherlands

    15.30
  • ■

    Austria

    10.85
  • ■

    Other/Cash

    0.67

Currency Exposure (%)
as of 31 Aug 2022

  • Euro

    99.33

  • Other/Cash

    0.67

Sector Weightings (%) as of 31 Aug 2022

  • Sector

    % of Net Assets
  • ■

    Government Activity

    99.7
  • ■

    Other/Cash

    0.3

Credit Quality (%)† as of 31 Aug 2022

Composite % of Net Assets
Investment Grade AAA 42.45
AA 57.22
Total Investment Grade -- 99.67

Maturity (%) as of 31 Aug 2022

 Average Maturity: 3.81 Years

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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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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