XLIQ
•
Fixed Income
XTRACKERS II EUR COVERED BOND SWAP UCITS ETF 1C
TER (bps):
20
AUM (USD m):
3
ISIN:
LU0820950128
Domicile:
Luxembourg
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Eurozone (EMU)
As of:
11 Nov 2024
Climate Fund:
No
Benchmark
The Markit iBoxx Eur Liquid Covered Index reflects certain types of tradeable debt (bonds) denominated in Euros considered less likely to default (investment grade) and which are issued by a credit institution with its registered office in the European Union governed by rules designed to protect bond-holders (covered bonds) or are considered by the market to be covered bonds.The Index will be rebalanced monthly. For bonds to be included, they must, on the relevant rebalancing date, have a remaining time of maturity of at least three years. The bonds must have a fixed rate of interest and must be part of an issue of debt which has at least €1 billion outstanding. Eligible bonds must have an age no greater than two years. The minimum size of the Index is 50 bonds and there is no maximum size. If there are less than 50 eligible bonds the maximum age rule and minimum time to maturity rule may be relaxed.
PERFORMANCE
