Nuveen ESG High Yield Corporate Bond
NUHY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 730 Third Avenue New York NY United States of America 10017
- IPO Date
- Sep 26, 2019
- CIK
- 0001635073
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen ESG High Yield Corporate Bond ETF is an exchange-traded fund that seeks to track the performance of a U.S. dollar-denominated high yield corporate bond index with integrated environmental, social, and governance (ESG) criteria, providing income-oriented exposure to below-investment-grade credit markets. The fund is organized in the United States and is part of the NuShares ETF Trust, sponsored and advised by Nuveen, LLC, a subsidiary of TIAA. Nuveen ESG High Yield Corporate Bond ETF principally invests in a diversified portfolio of U.S. dollar-denominated, high yield, fixed-rate corporate bonds that meet defined ESG standards, using a passive, indexing approach. The fund seeks to track, before fees and expenses, the Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index, which applies ESG screens and issuer-level ESG research to a subset of the Bloomberg U.S. High Yield Very Liquid Index, a benchmark representing the U.S. below-investment-grade corporate bond universe. The portfolio is primarily composed of below-investment-grade (“high yield” or “junk”) corporate issuers across sectors, with the base universe emphasizing issues with above-average secondary-market liquidity. The fund’s investment offering focuses on ESG-integrated high yield credit exposure; systematic, rules-based index tracking; and daily liquidity through NYSE Arca-listed shares. NUHY offers investors monthly income distributions derived from its bond holdings, with a history of recurring monthly dividend payments reflecting the income profile of the underlying portfolio. The strategy targets investors seeking higher-yielding corporate credit with explicit ESG considerations, including asset managers, institutional investors, and retail investors using ETF platforms in the United States and other global markets that access U.S.-listed ETFs. The Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index incorporates multiple ESG-related exclusions and tilts, including the removal or reduction of issuers with significant involvement in controversial business activities and the elevation of issuers with stronger ESG profiles based on MSCI ESG Research. Index methodology includes monthly rebalancing, ongoing eligibility tests, and liquidity screens to maintain a representative, tradable basket of high yield bonds for index replication. The fund generally uses full or optimized replication techniques to align portfolio characteristics, sector exposures, and duration profile with the index, subject to transaction-cost and liquidity considerations. Launched on September 25, 2019, NUHY is domiciled in the United States as an open-end investment company and is classified in the high yield bond category. The ETF is listed on NYSE Arca under the ticker symbol NUHY and is priced and traded in U.S. dollars with daily NAV calculation and exchange trading during U.S. market hours. Portfolio management is provided by Nuveen’s fixed-income team, with named portfolio managers including James Tsang and Rui (Vivian) Liu, who have been associated with the fund’s management since 2021. Geographically, the fund’s underlying holdings are primarily U.S. corporate bonds, with the majority of exposure to U.S. issuers, supplemented by allocations to non-U.S. corporate issuers that meet the index’s inclusion and ESG criteria. Sector exposure is heavily concentrated in corporate bond sectors consistent with the U.S. high yield market, with negligible allocations to equities, cash, or other asset types. NUHY’s structure and index methodology position it as a core or satellite holding within fixed income allocations for investors seeking ESG-oriented credit risk and higher income potential. In recent years, the fund has maintained its ESG high yield mandate without reported changes to its fundamental investment objective, index, or name, continuing to track the Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index. Operationally, the ETF has continued to grow and manage its asset base, with total net assets reported around the tens of millions of U.S. dollars, and has preserved daily liquidity and market-making support on its listing venue. Distributions have remained on a monthly schedule, with dividend yields reflecting the prevailing yield environment in the U.S. high yield market and periodic adjustments to per-share payout levels over the past one to two years. From a sustainable investing perspective, NUHY forms part of Nuveen’s broader suite of ESG-focused fixed-income ETFs, aligning with Nuveen’s strategy to expand responsible investing solutions across asset classes. The fund contributes to Nuveen’s ESG platform by providing a high-yield corporate bond option that integrates ESG analysis, supporting investors that seek to balance income generation, credit risk exposure, and sustainability considerations in their portfolios. As an ETF within the NuShares ETF Trust, NUHY benefits from Nuveen’s distribution network and relationships with intermediary platforms, custodians, and institutional channels serving U.S. and international investors who allocate to U.S.-listed ESG fixed-income products.