iShares eb.rexx Government Germany 10.5+yr UCITS ETF (DE) is an exchange-traded fund that tracks the eb.rexx Government Germany 10.5+ index, focusing on euro-denominated German government bonds with maturities exceeding 10.5 years traded on the Eurex Bonds platform. Its primary function is to provide investors with exposure to long-duration sovereign debt issued by the Federal Republic of Germany, which constitutes nearly 100% of its holdings. Managed by BlackRock under the iShares brand, this distributing ETF follows a passive, physical replication strategy to mirror the benchmark's performance, with dividends paid at least annually and a recent yield around 2.1-2.2%. Launched on September 28, 2005, and domiciled in Germany, it maintains a low expense ratio of 0.16% and a fund size of approximately €65-68 million. In the fixed-income market, it plays a key role in duration-specific bond strategies, offering liquidity and transparency for portfolios seeking German government bond exposure amid interest rate fluctuations and yield curve dynamics.