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

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NAV Price ()
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Holdings
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Risk Indicator
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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
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Currency
EUR
Index ticker
I23044EU
Benchmark
Bloomberg EUR Non-Government Float Adjusted Bond Index
Register countries
United Kingdom, Switzerland, Sweden, Spain, Portugal, Norway, Netherlands, Luxembourg, Liechtenstein, Italy, Ireland, Iceland, Germany, France, Finland, Denmark and Austria

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 (net of fees)

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*Since inception 14 Dec 2017

Benchmark: Bloomberg EUR Non-Government Float Adjusted Bond Index

Past performance is not a reliable indicator of future results.

The performance of an index is not an exact representation of any particular investment as you cannot invest directly in an index. The performance of the index reflects the reinvestment of Distribution and dividends but does not reflect the deduction of any fees or expenses which would have reduced total returns.

Recent performance and average annual total returns are calculated through month-end.

Figures for periods of less than one year are cumulative returns. All other figures represent average annual returns. Performance figures include the reinvestment of all dividends and any capital gains distributions. The performance data does not take account of the commissions and costs incurred in the issue and redemption of shares. Basis of fund performance NAV to NAV with gross income reinvested.

Risk and Volatility

As at 31 Oct 2023

Beta
R²
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 Oct 2023

FundamentalsFundBenchmark
Number of bonds 2,226 5,272
4.1% 4.1%
1.9% 1.9%
5.7 Years 5.7 Years
A+ A+
5.1 Years 5.1 Years
Cash Investment 0.1% —

The allocations are subject to circumstances such as timing differences between trade and settlement dates of underlying securities, that may result in negative weightings. The fund may also employ certain derivative instruments for cash management or risk management purposes that may also result in negative weightings. Allocations are subject to change.

Cash includes physical cash on the account, cash like instruments (such as ultra-short term treasury bonds) and derivative instruments.

Market allocation

As at 31 Oct 2023

CountryRegionFundBenchmarkVariance +/-
SupranationalOther 18.3% 18.3% 0.0%
FranceEurope 16.3% 16.5% -0.2%
United States of AmericaNorth America 11.0% 10.0% 1.0%
GermanyEurope 10.6% 11.2% -0.6%
United KingdomEurope 5.4% 5.0% 0.4%
NetherlandsEurope 5.3% 5.5% -0.2%
SpainEurope 4.7% 4.8% -0.1%
ItalyEurope 3.5% 3.6% -0.1%
CanadaNorth America 2.7% 2.9% -0.2%
SwedenEurope 2.4% 2.4% 0.0%
SwitzerlandEurope 2.0% 2.0% 0.0%
BelgiumEurope 1.7% 1.5% 0.2%
AustriaEurope 1.7% 1.9% -0.2%
FinlandEurope 1.7% 1.6% 0.1%
NorwayEurope 1.7% 1.7% 0.0%

Distribution by credit quality (% of funds)

As at 30 Sep 2023

Distribution by credit issuer (% of funds)

As at 30 Sep 2023

Distribution by credit maturity (% of funds)

As at 30 Sep 2023

Holdings details

As at 31 Oct 2023

Holding name% of market valueMarket valueFace amountCoupon/YieldMaturity date
European Union 0.64623% €1,980,141.00 2,176,000 1.63% 04 Dec 2029
European Union 0.60249% €1,846,104.84 1,870,230 2.75% 05 Oct 2026
European Union 0.53958% €1,653,346.59 1,726,134 0.80% 04 Jul 2025
European Union 0.38241% €1,171,739.40 1,370,000 04 Oct 2028
European Financial Stability Facility 0.29029% €889,481.96 880,000 3.50% 11 Apr 2029
European Investment Bank 0.28851% €884,030.18 900,000 2.75% 28 Jul 2028
European Union 0.28829% €883,342.73 958,000 3.38% 04 Nov 2042
European Union 0.28655% €878,018.91 1,070,000 1.00% 06 Jul 2032
European Union 0.28341% €868,402.28 1,315,461 0.40% 04 Feb 2037
European Union 0.28158% €862,789.33 1,100,000 22 Apr 2031

2212 total holdings

Total allocation percentages shown in the holdings details or the spreadsheet may not equal 100%, due to rounding or omission of cash and/or futures contracts.

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

Weighted equity exposures exclude any temporary cash investments and equity index futures. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.

Prices and distribution

Prices

NAV Price (EUR)
€92.93
Change
+€0.420.45%
At closure 29 Nov 2023
NAV 52-week high
€92.93
At closure 30 Nov 2023
NAV 52-week low
€88.82
At closure 30 Nov 2023
NAV 52-week difference
€4.11
Change
+4.43%
At closure 30 Nov 2023
Historical Prices

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Inception date

14 Dec 2017

Date NAV (EUR)
29 Nov 2023 €92.9328
28 Nov 2023 €92.5170
27 Nov 2023 €92.2731
24 Nov 2023 €91.8668
23 Nov 2023 €91.9426
22 Nov 2023 €92.1413
21 Nov 2023 €92.1701
20 Nov 2023 €91.9529
17 Nov 2023 €92.0570
16 Nov 2023 €92.1245

Distribution history

Distribution frequency

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Historical performance

All dividends are reinvested for the "Accumulation" shares.

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

Purchase information

Currency

Base currency: EUR

Fund codes

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

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

SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC. SEDOL data was extracted from the London Stock Exchange SEDOL Masterfile®.

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Product Type: mf
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