Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF
ESHY
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Mar 2, 2020
- CIK
- 0001503123
- Similar Companies
- Business
- Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the J.P. Morgan ESG DM Corporate High Yield USD Index; this index measures USD-denominated high yield corporate bonds issued by developed market issuers that meet environmental, social, and governance (ESG) criteria. The fund invests at least 80% of its total assets in instruments comprising the underlying index, including fixed-rate bonds, floating-rate bonds, hybrid bonds, step-up bonds, payment-in-kind bonds, toggle bonds, amortizer bonds, perpetual bonds, Sukuk bonds, and subordinated financial bonds excluding AT1 bonds; it excludes structured bonds, credit-enhanced bonds, sovereign/quasi-sovereign securities, issuers in the lowest ESG quintile, those involved in thermal coal, tobacco manufacturing, certain weapons, oil sands, or UN Global Compact violations (with exceptions for "green" bonds), and bonds with less than two years to maturity or under $250 million issue size. The ETF employs a representative sampling strategy to replicate the index's broad high yield fixed income exposure with ESG overlays derived from RepRisk and Sustainalytics scores, quarterly reviews, and Climate Bond Initiative certifications, resulting in holdings concentrated in the U.S. (approximately 88%) alongside issuers from countries including Canada, Australia, the United Kingdom, and various European nations; it was issued by DBX Advisors LLC, part of DWS Group headquartered in New York, with an expense ratio of 0.20%. In a major strategic change announced on February 26, 2024, the Board of Trustees of DBX ETF Trust approved the closure and liquidation of ESHY along with five other Xtrackers ETFs; trading ceased after market close on March 13, 2024 on Cboe BZX Exchange, Inc., with no further creation orders accepted and liquidation proceeds distributed to remaining shareholders on or about March 22, 2024 at net asset value, potentially resulting in capital gains or losses for investors.