XTRACKERS ESG EUR HIGH YIELD CORPORATE BOND UCITS ETF 1C
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27 Nov 2023
The Bloomberg MSCI Euro High Yield Sustainable and SRI Index aims to reflect the performance of Euro-denominated, high yield, fixed-rate corporate bonds, excluding bonds which do not fulfil specific environmental, social and governance (ESG) criteria. The bonds must have a fixed rate of interest, must be rated less than Ba1/BB+ by major rating agencies and meet certain currency, sector, amount outstanding, credit quality, maturity, coupon, seniority of debt, market of issue, and security type criteria. Bonds rated below BB by MSCI ESG Research are excluded. Issuers with a "red" MSCI ESG Controversies score (less than 1) and issuers that are classified by MSCI in their MSCI ESG Business Involvement Screening Research (BISR) as breaching certain thresholds in controversial activities are also excluded from the index. At least 20% of issuers will be excluded from the original universe using the ESG criteria.