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Four new bond index ETFs issued by iShares have been tradable in Deutsche Börse’s XTF segment since Friday.
ETF name: iShares $ Short Duration Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: DE000A1W4WC9
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Markit iBoxx USD Liquid Investment Grade 0-5 Index
The iShares $ Short Duration Corporate Bond UCITS ETF enables investors to participate in the performance of highly liquid, investment grade corporate bonds denominated in US dollars. The bonds contained in the index have a term of up to five years.
ETF name: iShares $ Short Duration High Yield Corporate Bond UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1W4WD7
Total expense ratio: 0.45 percent
Distribution policy: distributing
Benchmark: Markit iBoxx USD Liquid High Yield 0-5 Capped Index
The iShares $ Short Duration High Yield Corporate Bond UCITS ETF enables investors to participate in the performance of high-yield corporate bonds denominated in US dollars. High-yield bonds have a sub-investment grade rating. These bonds have a higher risk of default, but therefore pay higher yields. Only the largest and most liquid bonds with a term of up to five years are taken into account in the reference index. The weighting of an issuer in the reference index is restricted to three percent.
ETF name: iShares $ Ultrashort Bond UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1W4WE5
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Markit iBoxx USD Liquid Investment Grade Ultrashort Index
ETF name: iShares Euro Ultrashort Bond UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1W4WF2
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Markit iBoxx EUR Liquid Investment Grade Ultrashort Index
The two iShares Ultrashort Bond ETFs enable investors to invest in short-term, investment grade corporate bonds denominated in euros or US dollars. The respective reference index comprises fixed-rate bonds with a term of up to one year as well as floating-rate bonds with residual maturity of up to three years. The weighting of single stocks within the index is based on market value and reviewed each month. The weighting of an issuer is restricted to three percent.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,042 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
