JNK
SPDR Bloomberg High Yield Bond ETF

Price: $92.16
Change: $0.51 (0.01%)
Category: High Yield Bonds
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.40%
ETF Home Page Home page
Inception Nov 28, 2007

Analyst Report

JNK offers exposure to the “junk” bond space by investing in a index which holds middle rated bonds with at least one year to maturity, and have $600 million or more in outstanding face value. 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. This corporate-bond dominated fund dedicates most of its assets to U.S. debts, though it does offer a significant exposure to foreign corporate notes. JNK will make for a strong investment for those who believe that the corporate bond holdings will make good on their debts, and provide the attractive yields that these products are known for.

ETF Database Themes

Category High Yield Bonds
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Junk
Bond Duration Intermediate-Term

FactSet Classifications

Segment Fixed Income: U.S. - Corporate, Broad-based High Yield
Category Corporate, Broad-based
Focus High Yield
Niche Broad Maturities
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $85.84
  • 52 Week Hi $104.08
  • AUM $9,934.1 M
  • Shares 109.1 M

Historical Trading Data

  • 1 Month Avg. Volume 11,348,217
  • 3 Month Avg. Volume 10,250,188

Alternative ETFs in the ETF Database High Yield Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPHY 0.10% $777.7 M 307,291 -9.89%
Largest (AUM) HYG 0.48% $18.2 B 40 M -9.99%
Most Liquid (Volume) HYG 0.48% $18.2 B 40 M -9.99%
Top YTD Performer IBHB 0.35% $108.3 M 14,164 1.12%

Alternative ETFs in the FactSet Fixed Income: U.S. - Corporate, Broad-based High Yield Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPHY 0.10% $777.7 M 307,291 -9.89%
Largest (AUM) HYG 0.48% $18.2 B 40 M -9.99%
Most Liquid (Volume) HYG 0.48% $18.2 B 40 M -9.99%
Top YTD Performer HYGH 0.52% $116.5 M 11,992 -0.34%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

JNK ETF Database Category Average FactSet Segment Average
Number of Holdings 1206 402 527
% of Assets in Top 10 4.25% 24.30% 23.21%
% of Assets in Top 15 5.70% 28.19% 26.15%
% of Assets in Top 50 13.62% 47.34% 41.44%

Size Comparison

JNK ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

JNK Valuation

This section compares the P/E ratio of this ETF to its peers.

JNK
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
4.62
FactSet Segment Average
P/E Ratio
5.67

JNK Dividend

This section compares the dividend yield of this ETF to its peers.

JNK ETF Database Category Average FactSet Segment Average
Dividend $ 0.38 $ 0.12 $ 0.11
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 5.17 $ 1.32 $ 1.37
Annual Dividend Yield 4.75% 3.42% 2.87%

JNK Price and Volume Charts

View charts featuring JNK price and volume data.

JNK Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 798.99 M 1 Month Net Flows: 3.91 B 3 Month Net Flows: 2.3 B 6 Month Net Flows: 3.81 B 1 Year Net Flows: 2.26 B 3 Year Net Flows: 515.45 M 5 Year Net Flows: -1.32 B 10 Year Net Flows: -697.06 M

JNK Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.