SRI Euro Investment Grade Bond Index Fund - Institutional Plus EUR Acc (VANSIPE)

NAV Price ()
Holdings
Risk Indicator

About this fund

Fund objectives

  • The Fund employs a passive management – or indexing – investment approach and seeks to achieve the performance of the Bloomberg EUR Non-Government Float Adjusted Bond Index (the “Index”).
  • The Index includes euro denominated investment-grade fixed-income securities, excluding Eurozone government debt and government related bonds, with maturities greater than one year.
  • The Fund promotes environmental and social characteristics by excluding fixed income securities from its portfolio based on the impact of the issuer’s conduct or products on society and / or the environment. This is met by not holding fixed income securities in the Index of issuers that do not meet specific “socially responsible” criteria.
  • The Fund attempts to: 1. Match the risk factor exposures of the Index by investing in a representative sample of the securities that make up the Index, excluding any securities which do not meet socially responsible investing criteria. The criteria take into consideration environmental, social and ethical factors as determined by the Index provider and exclude component securities that violate United Nations Global Compact (“UNGC”) principles and securities of issuers that are involved in making controversial weapons and tobacco products. 2. Remain fully invested except in extraordinary market, political or similar conditions.
  • The SRI screening process, which excludes Index constituents that are or have engaged in activities that result in serious violations of the UNGC, is consistent with the characteristics promoted by the Fund.
  • The SRI screening process may also apply other criteria as necessary in developing the “socially responsible” screens, including avoidance of owning securities of issuers that are involved in, or are determined (by the Index provider) to derive revenue from, the production of controversial weapons such as cluster munitions, land mines, biochemical and nuclear weapons and those involved in the manufacture of tobacco products.
  • The SRI screening process is a pre-determined, rules-based methodology applied objectively by the Index provider to the Index, which results in a SRI exclusion list of issuers that have failed the screening process. The SRI exclusion list is then provided to the Investment Manager. The Investment Manager removes securities of issuers included in the SRI exclusion list from the list of Index securities eligible for investment by the Fund. In the event that the Fund holds securities of an issuer which is added to the SRI exclusion list, the Investment Manager aims to sell the non-eligible securities as soon as possible, taking into account the best interests of Shareholders.
  • Company product and conduct involvement is monitored on a yearly basis by the Index provider and as new data is made available to the Index provider.

Fund facts

Share class inception
14 Dec 2017
Minimum initial investment
€100,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Index
Asset Class
Bond
Domicile
Ireland
Dividend schedule
Currency
EUR
Index ticker
I23044EU
Benchmark
Bloomberg EUR Non-Government Float Adjusted Bond Index
Register countries
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Iceland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Portugal and Sweden

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Sustainability-related disclosures

  • This product promotes, among other characteristics, environmental or social characteristics, or a combination of those characteristics as specified under Article 8 of the EU SFDR.
  • Refer to the “Sustainability-related disclosures” document at the top of the webpage for the detailed disclosures in accordance with SFDR.

Performance

Total Returns

-

Risk and Volatility

As at 24 Jan 2023

Beta
Annualized Tracking Error
1 year
3 years
5 years

Please note Beta and R-squared data will only display for funds with 3 full years of history.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Portfolio data

Characteristics

As at 31 Dec 2022

FundamentalsFundBenchmark
Number of bonds 2,095 5,088
YTM (Yield to Maturity) effective 3.9% 3.9%
Medium coupon 1.4% 1.5%
Average maturity 5.8 Years 5.9 Years
Average quality A+ A+
Average Duration 5.3 Years 5.3 Years
Cash Investment 1.0%
Market allocation

As at 31 Dec 2022

CountryRegionFundBenchmarkVariance +/-
SupranationalOther 17.4% 17.5% -0.1%
FranceEurope 15.8% 16.4% -0.6%
United States of AmericaNorth America 11.0% 10.6% 0.4%
GermanyEurope 10.9% 11.5% -0.6%
United KingdomEurope 5.6% 5.2% 0.4%
NetherlandsEurope 5.0% 5.1% -0.1%
SpainEurope 4.7% 4.8% -0.1%
ItalyEurope 3.5% 3.7% -0.2%
CanadaNorth America 3.2% 3.0% 0.2%
SwedenEurope 2.4% 2.4% 0.0%
SwitzerlandEurope 2.2% 2.1% 0.1%
NorwayEurope 1.8% 1.6% 0.2%
BelgiumEurope 1.6% 1.5% 0.1%
AustriaEurope 1.6% 1.7% -0.1%
AustraliaPacific 1.5% 1.6% -0.1%
Distribution by credit quality (% of funds)

As at 31 Dec 2022

Distribution by credit issuer (% of funds)

As at 31 Dec 2022

Distribution by credit maturity (% of funds)

As at 31 Dec 2022

Holdings details

As at 31 Dec 2022

Holding name% of market valueMarket valueFace amountCoupon/YieldMaturity date
European Union 0.65043% €1,870,973.82 2,060,000 1.63% 04 Dec 2029
European Union 0.41552% €1,195,236.62 1,260,000 0.80% 04 Jul 2025
European Union 0.40837% €1,174,674.07 1,304,000 06 Jul 2026
European Investment Bank 0.35151% €1,011,113.48 1,100,000 0.38% 14 Apr 2026
Credit Agricole Home Loan SFH SA 0.33611% €966,825.63 1,000,000 0.25% 23 Feb 2024
European Union 0.31325% €901,068.42 946,000 2.00% 04 Oct 2027
European Union 0.30665% €882,069.05 1,050,000 04 Oct 2028
European Union 0.30564% €879,175.17 1,070,000 1.00% 06 Jul 2032
European Investment Bank 0.29979% €862,350.74 900,000 0.20% 15 Jul 2024
European Financial Stability Facility 0.27681% €796,258.85 900,000 0.88% 05 Sep 2028

Prices and distribution

Prices

NAV Price (EUR)
€90.97
Change
-€0.07-0.07%
At closure 27 Jan 2023
NAV 52-week high
€103.59
At closure 29 Jan 2023
NAV 52-week low
€87.58
At closure 29 Jan 2023
NAV 52-week difference
€16.00
Change
+15.45%
At closure 29 Jan 2023
Historical Prices

-

Inception date

14 Dec 2017

Date NAV (EUR)
27 Jan 2023 €90.9654
26 Jan 2023 €91.0309
25 Jan 2023 €91.1886
24 Jan 2023 €91.1395
23 Jan 2023 €90.9849
20 Jan 2023 €91.1172
19 Jan 2023 €91.5436
18 Jan 2023 €91.8412
17 Jan 2023 €91.4935
16 Jan 2023 €91.0742

Distribution history

Distribution frequency

Historical performance

All dividends are reinvested for the "Accumulation" shares.

Purchase information

Currency

Base currency: EUR

Fund codes

  • Bloomberg: VANSIPE
  • Citi: OC0K
  • ISIN: IE00BYSX5L43
  • MEX ID: VINFAA
  • SEDOL: BYSX5L4

Product Detail Meta data: Author mode

Port Id:9899
Product Type: mf
Author Environment: true