Nuveen ESG High Yield Corporate Bond ETF (NUHY)

Nuveen ESG High Yield Corporate Bond ETF (NUHY) is an exchange-traded fund that invests in a diversified portfolio of high-yield corporate bonds issued by U.S. companies. The fund seeks to provide investors with income and capital appreciation potential while also focusing on environmental, social, and governance (ESG) factors.

NUHY aims to track the performance of the Bloomberg Barclays MSCI US Corporate High Yield ESG Select Index. The index includes U.S. dollar-denominated, non-investment grade corporate bonds issued by companies that meet specific ESG criteria, including avoiding investments in companies involved in certain controversial industries such as tobacco, weapons, and fossil fuels.

NUHY's investment strategy focuses on companies that have demonstrated strong ESG practices and avoiding companies with poor ESG records. The fund uses a rules-based approach to screen companies based on ESG criteria and invests in a portfolio of bonds issued by these companies.

NUHY's portfolio has a relatively high yield compared to investment-grade bond ETFs, making it an attractive option for income-seeking investors.

NUHY has a relatively low expense ratio compared to other ESG high-yield bond ETFs, making it an attractive option for cost-conscious investors.

Overall, NUHY is a relatively new ETF that offers investors exposure to a diversified portfolio of high-yield corporate bonds while also focusing on ESG factors.