USCBC
•
Fixed Income
BNP PARIBAS EASY USD CORPORATE BOND SRI FOSSIL FREE UCITS ETF ACC
TER (bps):
20
AUM (USD m):
62
ISIN:
LU2616774076
Domicile:
Luxembourg
Share Class Currency:
USD
ESG:
No
Geographical Focus:
United States
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The Bloomberg MSCI US Corporate SRI Sustainable ex Fossil Fuel Bond Index is a fixed-rate, investment-grade corporate bond benchmark that follows the rules of the Bloomberg US Aggregate Corporate Index and applies additional liquidity and ESG criteria for security eligibility. To be eligible for the index, bonds must have at least USD500mn outstanding. The index includes issuers with MSCI ESG Ratings of BBB or higher and negatively screens issuers that are involved in business activities that are restricted because they are inconsistent with certain values-based business involvement criteria. The index additionally excludes issuers with any Fossil Fuel ties, and issuers with a “red” MSCI ESG Controversies Score are also excluded. The index is partitioned into sub-indices based on sector and maturity, and the weights of these sub-indices are rebalanced monthly to match the sub-index market value weights in the US Aggregate Corporate Index.
PERFORMANCE
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