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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

  • 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 26 Jan 2023

  • NAV1

    11.94

  • Shares Outstanding

    1,986,537

  • Number of Holdings

    25

  • Base Currency

    EUR

  • Net Assets

    €23.7M

  • 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

    2.67%

  • Yield to Maturity

    2.67%

  • Effective Duration (yrs)

    7.00

  • Years to Maturity

    7.23

  • Modified Duration (yrs)

    6.99

  • Coupon

    0.51%
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 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 10.48
Day's Move -0.08
Volume 0
30 Day Volume --
VWAP Volume 0

NAVs as of 26 Jan 2023

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
TGBT EUR €11.94 €-0.05 / -0.39% +3.17%
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 -4.33 -2.12 -18.32 -18.32 -6.34 -2.68 0.46 1.72
IES11TR (Index) -4.36 -2.12 -18.26 -18.26 -6.23 -2.57 0.58 1.76
Performance differential (ETF – Index) 0.03 0.00 -0.06 -0.06 -0.11 -0.11 -0.12 -0.04
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF -4.33 -2.12 -18.32 -18.32 -6.34 -2.68 0.46 1.72
IES11TR (Index) -4.36 -2.12 -18.26 -18.26 -6.23 -2.57 0.58 1.76
Performance differential (ETF – Index) 0.03 0.00 -0.06 -0.06 -0.11 -0.11 -0.12 -0.04
  2018 2019 2020 2021 2022
ETF 1.03 5.14 3.51 -2.81 -18.32
IES11TR (Index) 1.17 5.24 3.66 -2.67 -18.26

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: 25
Swipe<br>to view <br> full data
Holding Name Coupon Maturity
Composite
Rating
Country
Currency
 % of Net
Assets
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.000 25 Mar 2025 AA France EUR 5.5805
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.500 25 May 2029 AA France EUR 5.5167
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.000 15 Aug 2030 AAA Germany EUR 5.3900
FRENCH REPUBLIC GOVERNMENT BOND OAT 0.000 25 Nov 2030 AA France EUR 5.0113
ITALY BUONI POLIENNALI DEL TESORO 3.000 01 Aug 2029 BBB- Italy EUR 4.8990
SPAIN GOVERNMENT BOND 1.250 31 Oct 2030 BBB+ Spain EUR 4.8908
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.000 15 Aug 2031 NR Germany EUR 4.8696
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.000 15 Aug 2029 AAA Germany EUR 4.8366
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIH 0.000 15 Feb 2032 NR Germany EUR 4.8026
SPAIN GOVERNMENT BOND 0.500 30 Apr 2030 NR Spain EUR 4.4914
Top 10 Total (%) 50.2885
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

    20.00
  • ■

    Germany

    19.90
  • ■

    Italy

    17.88
  • ■

    Spain

    17.72
  • ■

    Belgium

    11.44
  • ■

    Netherlands

    10.59
  • ■

    Austria

    2.32
  • ■

    Other/Cash

    0.15

Currency Exposure (%)
as of 30 Nov 2022

  • Euro

    99.91

  • Other/Cash

    0.09

Sector Weightings (%) as of 31 Dec 2022

  • Sector

    % of Net Assets
  • ■

    Government Activity

    99.9
  • ■

    Other/Cash

    0.1

Credit Quality (%)† as of 31 Dec 2022

Composite % of Net Assets
Investment Grade AAA 28.06
AA 33.76
BBB 35.60
Total Investment Grade -- 97.42

Maturity (%) as of 31 Dec 2022

Average Maturity: 7.28 Years

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†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.

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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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