JNK

SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund designed to track the performance of U.S. high-yield corporate bonds. The ETF is managed by State Street Global Advisors and trades under the ticker JNK on NYSE Arca.

Classified as a fixed-income ETF focused on high-yield credit exposure, JNK seeks to reflect, before fees and expenses, the aggregated performance of the securities included in the Bloomberg High Yield Very Liquid Index.

The fund follows a passive management strategy, investing in non-investment-grade corporate bonds issued by U.S. companies. These securities generally offer higher yields in exchange for greater credit risk and increased sensitivity to economic and financial conditions.

The methodology applies liquidity, maturity, and eligibility criteria defined by the benchmark index.

Composition / Exposure profile

JNK provides exposure to multiple segments of the U.S. high-yield credit market, including sectors such as:

• Financials
• Energy
• Health care
• Communication services
• Industrials
• Information technology

This composition reflects the diversity of issuers within the U.S. non-investment-grade corporate bond market.

Structure and costs

JNK shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. JNK may distribute income derived from interest payments generated by the bonds held in its portfolio.

History and evolution of the ETF

The SPDR Bloomberg High Yield Bond ETF was launched in 2007, during a period of expansion in fixed-income ETFs focused on the corporate high-yield credit market.Since inception, the fund has been used by investors seeking exposure to higher-yield corporate bonds with elevated credit risk. 

In recent years, JNK has reflected Federal Reserve monetary policy cycles, movements in credit spreads, global economic conditions, and volatility across high-yield bond markets.

Additional Information

SPDR Bloomberg High Yield Bond ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $7.74 Billions.

Over the past 12 months, SPDR Bloomberg High Yield Bond ETF recorded a return of 6.82%, with its price trading between $94.66 and $98.19 during the same period.

The ETF is traded under the ticker JNK.