iShares € Floating Rate Bond Advanced UCITS ETF

iShares € Floating Rate Bond Advanced UCITS ETF

About

iShares € Floating Rate Bond Advanced UCITS ETF (IE000NVM56L3) is a UCITS-compliant bond ETF tracking the Bloomberg MSCI EUR FRN Corporate 3% Issuer Cap Bond Sustainable SRI Index. With a TER of 0.1%, it ranks among the lowest-cost options in its category, reinvesting dividends. The fund holds 129 positions across 16 regions with 595M in assets, with heavy concentration — 75% in Financials.

ISIN
Fund Size €595.2M
Issuer iShares
Distribution Re-Invests Dividends
Replication Physical
Inception Mar 2025
Base Currency EUR
Index Bloomberg MSCI EUR FRN Corporate 3% Issuer Cap Bond Sustainable SRI Index
Asset Class Bonds
Category Global Corporate Bond

Costs

9.4
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%

Holdings

4.2
With only 129 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
COOPERATIEVE FRN Jul28
0.02%
#2
AUST & NZ BAN FRN May27 EMTN
0.02%
#3
JPMORGAN CHAS FRN Feb29 EMTN
0.02%
#4
NOVO NORDISK FRN May27 EMTN
0.02%
#5
NATWEST MARKE FRN Jun28 EMTN
0.01%
#6
UBS GROUP FRN May29 EMTN
0.01%
#7
WESTPAC BANKI FRN Jan28 EMTN
0.01%
#8
BARCLAYS PLC FRN May29
0.01%
#9
OP CORPORATE BANK PLC MTN RegS
0.01%
#10
AUST & NZ BAN FRN Oct27 EMTN
0.01%

Sectors

3.0
This fund is concentrated in just a few of its 8 sectors, reducing diversification.

Regions

6.8
This fund invests across 17 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2025-03-19 — 2026-05-29).
0.2%
Volatility
-0.1%
Max Drawdown
-5.11
Sharpe Ratio
-11.79
Sortino Ratio
-8.17
Calmar Ratio
0.00
Beta
0.41%
Alpha (Jensen's)
0.004
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
flatex
Trade
€5.90
Savings Plan
Free
Account
Free
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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