State Street SPDR Bloomberg High Yield Bond ETF

Frequently Asked Questions About JNK

What does JNK invest in?

The State Street SPDR Bloomberg High Yield Bond ETF endeavors to mirror the price and income performance of the Bloomberg High Yield Very Liquid Index, before accounting for fees and expenses. It offers diversified market access to U.S. dollar-denominated high-yield corporate bonds, specifically those characterized by robust liquidity. This ETF serves as a more economical vehicle for gaining high-yield exposure than purchasing individual debt securities. Portfolio adjustments occur on the final business day of each month.

What is the expense ratio of JNK?

State Street SPDR Bloomberg High Yield Bond ETF (JNK) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is JNK's dividend yield?

JNK's trailing-twelve-month yield is 6.63%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JNK?

Effective duration measures JNK's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. JNK's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of JNK?

JNK's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of JNK?

Yield to maturity (YTM) is the total return you'd earn from JNK if every bond in the portfolio is held to maturity at the current price. JNK's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.