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TGBT
VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF

Fund Description

Put safety first and diversify your risk by investing in governments. Our ETF tracks 25 of the most liquid government bonds in the eurozone.

  • Targeted exposure to euro-denominated government bonds
  • Remaining maturities of one to ten years
  • Maximum weighting for one issuer of 20%



Underlying Index

Markit iBoxx EUR Liquid Sovereign Diversified 1-10 Index

Fund Details
 

  • Fund Ticker

    TGBT

  • Management Company

    VanEck Asset Management B.V.

  • Custodian

    State Street Bank International GmbH, Amsterdam branch

  • Domicile

    The Netherlands

  • Number of Holdings

    25

  • Index Ticker

    IES11TR

  • 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 23 May 2022

  • NAV1

    12.91

  • Shares Outstanding

    2,636,537

  • Number of Holdings

    25

  • Base Currency

    EUR

  • Net Assets

    €34.0M

  • 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 20 May 2022

  • Yield to Worst

    1.43%

  • Yield to Maturity

    1.43%

  • Effective Duration (yrs)

    7.22

  • Years to Maturity

    7.46

  • Modified Duration (yrs)

    7.22

  • Coupon

    0.65%
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 23 May 2022

Euronext
Amsterdam
EUR
Exchange Ticker TGBT
ISIN NL0009690254
SEDOL B3X6FC2
Bloomberg TGBT NA
Reuters (RIC) TGBT.AS
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency EUR
Last Traded Price 12.89
Day's Move -0.07
Volume 84
30 Day Volume 2,402
VWAP Volume 84
Euronext
Brussels
EUR
Exchange Ticker TGBT
ISIN NL0009690254
SEDOL BYYYS23
Bloomberg TGBT BB
Reuters (RIC) --
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency EUR
Last Traded Price 12.89
Day's Move -0.07
Volume 84
30 Day Volume 2,402
VWAP Volume 84
London
Stock Exchange
USD
Exchange Ticker TGBT
ISIN NL0009690254
SEDOL BZ5ZHW5
Bloomberg TGBT LN
Reuters (RIC) TGBT.L
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency USD
Last Traded Price 13.77
Day's Move 0.11
Volume 0
30 Day Volume --
VWAP Volume 0
London
Stock Exchange
GBP
Exchange Ticker TGBG
ISIN NL0009690254
SEDOL BZ5ZJ18
Bloomberg TGBG LN
Reuters (RIC) TGBG.L
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency GBP
Last Traded Price 10.95
Day's Move -0.01
Volume 0
30 Day Volume 56
VWAP Volume 0
Deutsche
Börse
EUR
Exchange Ticker TGBT
ISIN NL0009690254
SEDOL BZ06CV7
Bloomberg TGBT GY
Reuters (RIC) TGBT.DE
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency EUR
Last Traded Price 12.89
Day's Move -0.06
Volume 0
30 Day Volume 1,423
VWAP Volume 0
SIX
Swiss Exchange
CHF
Exchange Ticker TGBT
ISIN NL0009690254
SEDOL BJLT235
Bloomberg TGBT SE
Reuters (RIC) TGBT.S
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency CHF
Last Traded Price 13.34
Day's Move 0.00
Volume 0
30 Day Volume --
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker TGBT
ISIN NL0009690254
SEDOL B3X6FC2
Bloomberg TGBT IM
Reuters (RIC) TGBT.MI
Valor 12744178
Bloomberg iNAV ITGBT
Reuters iNAV ITGBTINAV.PA
WKN A1J7LH
Trading Currency EUR
Last Traded Price 12.89
Day's Move -0.06
Volume 0
30 Day Volume 11
VWAP Volume 0

NAVs as of 23 May 2022

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
TGBT EUR €12.91 €-0.04 / -0.32% -9.37%
0.15

Performance History* (%)

View All ETFs View All Indices
Month End as of 30 Apr 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -3.33 -7.61 -8.73 -9.29 -1.97 -0.32 2.26 2.86
IES11TR (Index) -3.30 -7.57 -8.66 -9.14 -1.83 -0.19 2.34 --
Performance Differential (NAV - Index) -0.03 -0.04 -0.07 -0.15 -0.14 -0.13 -0.08 --
Quarter End as of 31 Mar 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -2.59 -5.59 -5.59 -6.96 -0.88 0.45 2.60 3.20
IES11TR (Index) -2.57 -5.55 -5.55 -6.83 -0.75 0.58 2.65 --
Performance Differential (NAV - Index) -0.02 -0.04 -0.04 -0.13 -0.13 -0.13 -0.05 --
Calendar Year as of 31 Dec 2021 2017 2018 2019 2020 2021
ETF (NAV) 0.35 1.03 5.14 3.51 -2.81
IES11TR (Index) 0.52 1.17 5.24 3.66 -2.67

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

*Periods greater than one year are annualised.

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 5yrs 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.

Performance data for Irish domiciled ETFs 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.

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 deduct or reclaim the dividend tax levied. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors can 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.

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 (%) as of 30 Apr 2022 View All Holdings »

Total Holdings: 25
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.000
15 Aug 2030
AAA
Germany
EUR
5.5730
FRENCH REPUBLIC GOVERNMENT BOND OAT
0.750
25 Nov 2028
AA
France
EUR
5.2881
FRENCH REPUBLIC GOVERNMENT BOND OAT
0.000
25 Mar 2025
AA
France
EUR
5.2859
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.250
15 Feb 2029
AAA
Germany
EUR
4.9809
FRENCH REPUBLIC GOVERNMENT BOND OAT
0.000
25 Nov 2030
AA
France
EUR
4.8802
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.000
15 Aug 2029
AAA
Germany
EUR
4.8679
SPAIN GOVERNMENT BOND
1.250
31 Oct 2030
BBB+
Spain
EUR
4.7583
FRENCH REPUBLIC GOVERNMENT BOND OAT
0.000
25 Nov 2031
NR
France
EUR
4.7399
SPAIN GOVERNMENT BOND
1.400
30 Apr 2028
BBB+
Spain
EUR
4.6513
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH
0.000
15 Aug 2031
NR
Germany
EUR
4.5999
Top 10 Total (%) 49.63
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 30 Apr 2022

  • Country

    % of Net Assets
  • ■

    France

    19.85
  • ■

    Germany

    19.83
  • ■

    Italy

    17.61
  • ■

    Spain

    17.38
  • ■

    Belgium

    11.19
  • ■

    Netherlands

    11.18
  • ■

    Portugal

    2.53
  • ■

    Other/Cash

    0.43

Currency Exposure (%)
as of 30 Apr 2022

  • Euro

    99.57

  • Other/Cash

    0.43

Credit Quality (%)† as of 30 Apr 2022

Composite % of Net Assets
Investment Grade AAA 31.11
AA 30.65
BBB 38.04
Total Investment Grade -- 99.80

Maturity (%) as of 30 Apr 2022

 Average Maturity: 7.51 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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