 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. However, investors should be aware that
high-yield bonds are generally riskier than investment-grade bonds, as
they are issued by companies with lower credit ratings and are
therefore more susceptible to default.
NUHY has a relatively
low expense ratio compared to other ESG high-yield bond ETFs, making
it an attractive option for cost-conscious investors. However,
investors should be aware that the fund is relatively new and has a
limited track record, which may make it difficult to assess its
performance over the long term.
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.
However, investors should be aware of the risks associated with
high-yield bonds and the limited track record of the fund.
|
