UBS Investment Bank added its second socially responsible ETF under its InsightShares line to target companies that support U.S. veterans.

UBS recently launched the InsightShares Patriotic Employers ETF (NYSEArca: HONR), which has a 0.65% expense ratio.

The new Patriotic Employers ETF tries to reflect the performance of the Military Veterans Index, which is comprised of large- and mid-capitalization U.S. stocks of companies with policies and practices determined to be Military Friendly, according to a prospectus sheet.

Military Friendly refers to a standard created by Victory Media to measure a company’s commitment, effort, and success in creating sustainable and meaningful employment opportunities for military vets. The screen is based on the company’s practices with respect to providing career opportunities to military employees; culture and commitment towards military employees; hiring and onboarding military employees; military employee policies and compliance with policies; military employee support and retention; and identifying and recruiting military employees.

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