- What does NJNK invest in?
- The Columbia U.S. High Yield ETF, identified by the symbol NJNK, strives to deliver a significant stream of current income to its investors. It achieves this objective by primarily allocating capital to high-yield corporate debt issued by companies with a U.S. presence. These debt instruments are generally categorized as sub-investment grade, meaning their credit ratings typically fall below Baa or BBB. When evaluating U.S. corporate bonds for inclusion, the fund considers various aspects to confirm a company's connection to the United States. This includes assessing its country of incorporation, the whereabouts of its primary business operations or head office, where its main shares are listed, the origin of the majority of its revenue or profits, and the geographical location of most of its assets, among other pertinent factors. The portfolio management does not commit to a particular maturity range for its holdings, and it has the discretion to invest in both collateralized and uncollateralized debt securities.
- What is the expense ratio of NJNK?
- Columbia U.S. High Yield ETF (NJNK) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.
- What is NJNK's dividend yield?
- NJNK's trailing-twelve-month yield is 6.35%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of NJNK?
- Effective duration measures NJNK's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NJNK's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of NJNK?
- NJNK'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 NJNK?
- Yield to maturity (YTM) is the total return you'd earn from NJNK if every bond in the portfolio is held to maturity at the current price. NJNK'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.
