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

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%.

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

The index has the followings specifications:

It is a weighted index based on free float-adjusted market capitalisation.
The Markit iBoxx EUR Liquid Sovereigns Capped AAA-AA 1-5 Index consists of the approximately 15 largest and most liquid euro denominated government bonds with a remaining maturity of 1.25 to 5.5 years. The index only consists of AAA or AA rated bonds with an outstanding amount of at least 2 billion euro.
The weight per country is capped at 30%.
The ETF aims, insofar as possible and practicable, to invest in bonds that form part of the index and meet the credit rating criteria (AA). If the bonds are downrated, the ETF may continue to hold such bonds until they are no longer part of the index and it is practicable to sell them.
The index may be reviewed quarterly on the last trading day of February, May, August and November.
The universe of the underlying index consists of all euro denominated bonds.

Index Provider
Markit Group Limited

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Index Information

Index Provider
IHS Markit
Index Type
Total Return
Currency
EUR
Inception Date
31 Dec 1998
Rebalance Frequency
Quarterly
Bloomberg Ticker
IBXXS15T

Index Fundamentals
as of 05 Aug 2022

Yield to Worst
0.71%
Yield to Maturity
0.71%
Effective Duration (yrs)
3.80
Years to Maturity
3.89
Modified Duration (yrs)
3.80
Coupon
0.85%

Index Top 10 Constituents (%) as of 31 Jul 2022

Total Constituents: 15

Constituent Name	Coupon	Maturity	Weighting (%)
France (Govt Of)	0.000	25 Oct 2027	11.69
France (Govt Of)	0.000	25 May 2026	9.24
France (Govt Of)	0.000	25 Mar 2025	9.09
Bundesrepub. Deutschland	0.500	15 Feb 2026	8.88
Bundesrepub. Deutschland	0.250	15 Feb 2027	8.75
Bundesrepub. Deutschland	0.500	15 Aug 2027	8.57
Belgium Kingdom	0.800	22 Jun 2025	6.52
Netherlands Government	0.250	15 Jul 2025	5.74
Netherlands Government	0.000	15 Jul 2026	5.49
Netherlands Government	2.000	15 Jul 2024	5.30
Top 10 Total (%)			79.27

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Jul 2022

Country
Weightings (%)
■
France
30.0
■
Germany
26.2
■
Netherlands
16.5
■
Belgium
15.9
■
Austria
11.4

Index Sector Weightings (%) as of 31 Jul 2022

Sector
Weightings (%)
■
Government Activity
100.0

Credit Quality (%)^† as of 31 Jul 2022

Composite		% of Net Assets
Investment Grade	AAA	42.72
	AA	57.28
Total Investment Grade	--	100.00
Not Rated	--	--

Maturity (%) as of 31 Jul 2022

Average Maturity: 3.91 Years

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TATVanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF