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ESGB (IQ MacKay ESG Core Plus Bond ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how ESGB's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for ESGB and 80,000+ other tickers.
The fund dedicates a minimum of 80% of its assets to various forms of debt, including all types of fixed-income instruments. Its investment approach generally involves building a broad and diversified collection of corporate, government, mortgage-backed, and asset-backed securities. A substantial portion, at least 80%, of the fund's holdings must comply with the environmental, social, and governance (ESG) criteria set forth by MacKay Shields LLC, the designated Subadvisor. Typically, the fund targets a modified duration to worst for its portfolio that remains within 2.5 years (either above or below) of the Bloomberg U.S. Aggregate Bond Index's duration.
Environmental, social, and governance (ESG) ratings are an increasingly prominent part of the investment lexicon and that theme extends to multiple asset classes, including bonds. As such, advisors and investors are clamoring for more fixed income exchange traded funds that integrate ESG principles.
In what's been a treacherous year in the bond market, it'd be reasonable to expect that investors are ditching fixed income funds. To an extent, that's true, but it's a matter of which bond funds they're departing.
The widely observed Bloomberg US Aggregate Bond Index is down 12% year-to-date, confirming that 2022 will be an utterly forgettable year for bonds. Six interest rate increases by the Federal Reserve will do that.
There are just a few weeks remain in 2022, meaning that now is as good of a time as any for investors to consider tax loss harvesting opportunities, of which there are plenty, including ESGB.
In a brutal year for fixed income assets, some advisors and investors may be looking for tax loss harvesting ideas or positioning for a 2023 bond rebound.