AdvisorShares North Square McKee ESG Core Bond ETF (MENV) is an actively managed exchange-traded fund that seeks to outperform the Bloomberg US Aggregate Bond Index while incorporating environmental, social, and governance (ESG) screens in its fixed income investment strategy. The ETF primarily invests in a portfolio of investment-grade and select high-yield bonds, including corporate debt, mortgage-backed securities, and U.S. government obligations, with a focus on ESG criteria to identify issuers demonstrating strong sustainability practices; it targets intermediate-term core bond exposure for income generation and capital preservation. Issued by AdvisorShares Investments LLC and subadvised by CS McKee LP, an affiliate of North Square Investments, the fund operates within the U.S. fixed income market, serving institutional and retail investors seeking ESG-integrated bond strategies.
Launched in June 2011 as the AdvisorShares FolioBeyond Smart Core Bond ETF (FWDB), the fund underwent a strategic rebranding and subadvisor transition in November 2021 to AdvisorShares North Square McKee ESG Core Bond ETF (MENV), with CS McKee appointed as subadvisor to enhance its ESG-focused core bond approach. In August 2022, AdvisorShares announced the closure and liquidation of the ETF, with trading ceasing and final distributions to shareholders completed on or about September 7, 2022, due to insufficient assets under management. Headquartered in Bethesda, Maryland, AdvisorShares continues to sponsor a range of actively managed ETFs across various asset classes.