BKLN delves into the high yield bond space by investing in leveraged loans to offer juicy yields to those willing to forgo the risks and invest in this product. The high yield bond space has been cracked wide open by ETFs, as these products have offered numerous ways for investors to take advantage of this space. High yields can be a great addition to a yield-starved portfolio, as they can offer yields into the double digits for those willing to take on the risks that come along with it. The high returns come from riskier bond choices who have to pay out higher ratios to compensate investors for high risks. this means that the holdings of these ETFs will have higher chances of defaults, and could potentially leave investors out to dry. But for those who have done their homework on the holdings of a particular “junk” bond fund have the ability to generate strong returns from these powerful products. BKLN invests entirely in U.S. leveraged loans, giving investors a pure play on the domestic economy that other “junk” bond products do not offer. This product will make a strong addition to investors who understand the risks and want a diversified exposure to the high yielding space as it exists in the US.
| Segment | Fixed Income: U.S. - Corporate, Bank Loans High Yield Floating Rate |
| Category | Corporate, Bank Loans |
| Focus | High Yield |
| Niche | Floating Rate |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| BKLN | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 155 | 457 | 218 |
| % of Assets in Top 10 | 40.10% | 26.85% | 42.62% |
| % of Assets in Top 15 | 45.68% | 30.36% | 46.60% |
| % of Assets in Top 50 | 75.24% | 47.80% | 67.99% |
| BKLN | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 0.98% | N/A |
| Mid (>2.7B) | N/A | 0.07% | N/A |
| Small (>600M) | N/A | 0.00% | N/A |
| Micro (<600M) | N/A | 0.00% | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| BKLN | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.13 | $ 0.30 | $ 0.19 |
| Dividend Date | 2024-11-18 | N/A | N/A |
| Annual Dividend Rate | $ 1.80 | $ 2.29 | $ 2.39 |
| Annual Dividend Yield | 8.51% | 6.39% | 7.99% |
View charts featuring BKLN price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 1.49 B 3 Month Net Flows: 2.3 B 6 Month Net Flows: 968.75 M 1 Year Net Flows: 3.9 B 3 Year Net Flows: 3.03 B 5 Year Net Flows: 4.3 B 10 Year Net Flows: 3.9 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 3.02 MThe adjacent table gives investors an individual Realtime Rating for BKLN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
BKLN does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| BKLN |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 1.19% | 1.67% | 0.79% |
| 3 Month Return | 2.76% | 2.63% | 1.76% |
| YTD Return | 7.89% | 8.33% | 5.45% |
| 1 Year Return | 9.83% | 10.84% | 6.56% |
| 3 Year Return | 6.20% | 2.42% | 3.22% |
| 5 Year Return | 4.57% | 2.34% | 2.57% |
The following charts reflect the geographic spread of BKLN's underlying holdings.
The following charts reflect the allocation of BKLN's underlying holdings.
| Asset | Percentage |
|---|---|
| Bank Loan | 64.14% |
| Other | 15.01% |
| Open-ended Fund | 14.66% |
| Corporate | 4.58% |
| CASH | 1.66% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Bank Loan | 64.14% |
| Other | 15.01% |
| Open-ended Fund | 14.66% |
| Corporate | 4.58% |
| CASH | 1.66% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 12.49% |
| 20 Day Volatility | 1.61% |
| 50 Day Volatility | 1.67% |
| 200 Day Volatility | 2.82% |
| Beta | 0.27 |
| Standard Deviation | 0.49% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
Here is a look at ETFs that currently offer attractive income opportunities. The high-yield...
Here is a look at ETFs that currently offer attractive income opportunities. The high-yield...
Investors have been married to their money market funds for the better part of the last two...
ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.
Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.
ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Copyright © 2024 FactSet Research Systems Inc. All rights reserved.
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...