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Global ETF Survey 2026
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EL48 ETF · Deka iBoxx € Liquid Germany Covered Diversified UCITS ETF
The EL48 Exchange Traded Fund (ETF) is provided by Deka. It is built to track an index: Markit iBoxx EUR Liquid Germany Covered Diversified 1-10 Index. The EL48 ETF provides physical exposure, so by buying it you actually own parts of all the 30 underlying holdings. This share class generates a stream of income by distributing dividends.
Real-time data unavailable for EL48
LIVE
CLOSED
This fund is part ofEUR Corp IG Bonds1M perf.-1.12%
Last price
N/A
1M perf.
+0.56%
1M flows
N/A
AuM
€51M
TER
0.09%
Rating
EL48
N/A
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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EL48
€100.09
+1.26%
EUR Corp IG Bonds
+0.22%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.56%  | +1.26%  | +1.49% | +10.90%  | -5.76% | -0.07% | -0.07% | +0.85% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/2/2026
€100.04
1D NAV change
-0.01%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
30
Inception date
12/16/2009
Jurisdiction
Germany
Distribution
Germany
Legal structure
Contractual Fund
Base currency
EUR
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Deka iBoxx EUR Liquid Ger. Covered Diversified UCITS ETF is a UCITS IV compliant exchange traded fund incorporated in Germany. The Fund's objective is to track the performance of the iBoxx Liquid Germany Covered Diversified Index (Price Index). The maximum number of bonds in the index is limited to 30. Only bonds with an outstanding volume of at least 1 bn Euros qualify for the index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.26%  | +1.49% | +10.90% | -5.76% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Germany
53.55%
Unavailable
46.45%
Sectors
Banks
53.55%
Unavailable
46.45%
Diversification
Total weight of top 15 holdings out of 30
Top 15 holdings
Data as of May 31, 2026
DE000HV2A1C7
Commerzbank, 2.75% 20dec2029, EUR
Commerzbank, 2.5% 25feb2028, EUR
DE000CZ457U8
UniCredit Bank AG, 2.625% 19feb2030, EUR
Landesbank Hessen-Thueringen (Helaba), 2.875% 6feb2034, EUR
Muenchener Hypothekenbank, 1.875% 25aug2032, EUR
Landesbank Hessen-Thueringen (Helaba), 3.375% 20jan2028, EUR
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ING-DiBa AG, 3.25% 15feb2028, EUR
ING-DiBa AG, 2.75% 9sep2029, EUR
XS3181619688
Landesbank Hessen-Thueringen (Helaba), 2.75% 30jan2031, EUR
DE000A3825T4
DE000A4DFKS4
NORD/LB, 2.625% 20oct2028, EUR
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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EL48
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Deka
Deka ID Card
Number of funds
55
Total AuM
€21.88B
Expense ratio range
0.07% - 0.65%
Average expense ratio
0.2667%
Top 5 funds by Deka
| AuM | ||
|---|---|---|
ELFW | Deka MSCI World UCITS ETF | €5.3B |
EL4A | Deka DAX UCITS ETF | €1.87B |
D6RP | Deka MSCI World Climate Change ESG UCITS ETF | €1.8B |
EL42 | Deka MSCI Europe UCITS ETF | €1.48B |
EL4B | Deka EURO STOXX 50 UCITS ETF | €1.37B |
Frequently asked questions about EL48
What does Deka iBoxx € Liquid Germany Covered Diversified UCITS ETF, EL48, invest in?
EL48 is a Passive ETF. This ETF provides exposure to German Financial Services Investment Grade Corporate Bonds.
Which benchmark or index does EL48 replicate?
EL48 tracks the Markit iBoxx EUR Liquid Germany Covered Diversified 1-10 Total Return Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of EL48?
EL48 carries a total expense ratio (TER) of 0.09%, indicating the annual cost for holding the fund.
When was EL48 launched?
EL48 was introduced to the market on December 16, 2009. It trades on Germany
Who is the ETF issuer of EL48?
Deka iBoxx € Liquid Germany Covered Diversified UCITS ETF, EL48, is provided by Deka. Learn more about Deka here.
What is the current assets under management (AUM) of EL48?
EL48 oversees €51M in assets as of July 2, 2026.
How has EL48 performed lately?
Based on data from July 2, 2026, EL48 returned 0.56% over the past month, 1.26% over the last three months and 0.85% year-to-date.
What are the latest inflows or outflows for EL48?
As of July 2, 2026, EL48 recorded net flows of +€5.5M year-to-date.
Does EL48 distribute dividends?
EL48 follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 2.06%.
What are the main country or region exposures of EL48?
As of May 31, 2026, EL48 has significant geographic allocations in Germany.
In which sector or theme does EL48 invest in?
As of May 31, 2026, EL48 focuses largely on Banks.
How many securities does EL48 hold and how diversified is it?
As of May 31, 2026, EL48 holds 30 positions in its portfolio, with 56.13% of assets concentrated in its top 15 holdings.
What are the main positions in EL48?
As of May 31, 2026, EL48 top three holdings include DE000HV2A1C7, Commerzbank, 2.75% 20dec2029, EUR and Commerzbank, 2.5% 25feb2028, EUR.
What is the base currency of EL48?
The base currency of EL48 is EUR.
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