iShares € Covered Bond UCITS ETF

iShares € Covered Bond UCITS ETF is an exchange-traded fund that seeks to track the performance of the Markit iBoxx € Covered index, comprising Euro-denominated investment grade covered bonds. These bonds are secured by pools of mortgages or public sector assets, providing collateralized debt instruments issued primarily by European banks and financial institutions. Launched on August 1, 2008, and domiciled in Ireland under iShares III plc, the ETF employs a physical, sampled replication strategy with 1,116 holdings, offering broad diversification across the sector. Key characteristics include a total expense ratio of 0.20%, semi-annual distributions, an average weighted maturity of 4.35 years, effective duration of 4.04 years, and a yield to maturity of 2.57%. With net assets around €1,817 million, it delivers diversified exposure to this stable fixed income segment, which plays a vital role in funding residential mortgages and public infrastructure while serving as a low-risk option within the broader European bond market for income-focused investors.