BNY Mellon Responsible Horizons Corporate Bond ETF
RHCB
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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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
- Address
- 240 Greenwich Street New York NY United States of America 10286
- IPO Date
- Mar 23, 2022
- CIK
- 0001493580
- Similar Companies
- Business
- BNY Mellon Responsible Horizons Corporate Bond ETF (RHCB) is an actively managed exchange-traded fund that seeks total return consisting of capital appreciation and income by investing primarily in global investment grade corporate bonds selected through a combination of environmental, social and governance (ESG) evaluation, bottom-up credit analysis, and relative value assessment. The fund emphasizes issuers demonstrating attractive investment attributes and business practices based on Insight Investment's proprietary ESG rating methodology, Prime, while avoiding poor ESG performers and carefully evaluating environmentally sensitive industries; it focuses on U.S. dollar-denominated debt securities publicly issued in the domestic market with at least one-year remaining term to maturity and at least $250 million outstanding. RHCB trades on NYSE Arca with a net expense ratio of 0.35%, a 30-day SEC yield around 5.26%, and assets under management of approximately $23.7 million as of late 2024. Launched on March 22, 2022, the ETF is managed by BNY Mellon ETF Investment Adviser, LLC, with sub-advisory provided by Insight North America LLC, a subsidiary of BNY Mellon investment firm Insight Investment; portfolio managers Erin Spalsbury and Jonathan Earle, members of Insight's Fixed Income Group, have overseen the fund since inception. Headquartered in New York, New York, as part of BNY Mellon Investment Management—a division with over $2 trillion in assets under management—the ETF targets institutional and retail investors seeking sustainable fixed income exposure. It benchmarks performance against the ICE BofA US Corporate Index and the Bloomberg U.S. Aggregate Bond Index, with holdings diversified across sectors including financials, industrials, utilities, and consumer goods. Recent developments include sustained monthly dividend distributions through 2024 and into 2025, with payouts such as $0.1775 in May 2024 and consistent income generation amid fluctuating bond markets; the fund maintained active trading on NYSE Arca with low premiums/discounts to NAV, reflecting stable operations despite broader fixed income volatility. No major acquisitions, funding rounds, or strategic shifts have been reported in the last 1-2 years, though BNY Mellon continues to expand its Responsible Horizons suite, which includes complementary ESG-focused fixed income strategies like the Euro Corporate Bond Fund.