Key stats
About BNY Mellon Responsible Horizons Corporate Bond ETF
Expense ratio
0.35%
Home page
Inception date
Mar 22, 2022
RHCB seeks to provide total return from an actively managed fund of global corporate bonds screened based on multiple ESG metrics. The fund primarily includes investment grade debt securities of any maturity or duration. Although, up to 20% of the portfolio may be allocated to high yield bonds. The selection process starts by assigning an ESG score to each issuer, ranging from 1 (best) to 5 (worst), based on proprietary ESG data and/or its vulnerability to ESG risks. Issuers with scores of 5 are excluded, as well as issuers that derive up to 5% of their revenue from industries that are considered unsuitable for the fund (e.g., tobacco, gambling, controversial weapons and coal extraction). Remaining securities are then evaluated using a bottom-up credit analysis and a relative value assessment. Should the ESG assessment of a certain bond change, the fund may continue to hold such for up to 12 months.
Classification
What's in the fund
Exposure type
Corporate
Futures
Bonds, Cash & Other100.00%
Corporate93.98%
Futures15.64%
Cash1.34%
Government1.09%
Structured0.83%
Municipal0.04%
Miscellaneous−12.91%