JNK - SPDR Bloomberg Barclays High Yield Bond ETF
| Assets | $10.51B |
| NAV | $108.90 |
| Expense Ratio | 0.40% |
| PE Ratio | n/a |
| Beta (5Y) | 0.40 |
| Dividend (ttm) | $5.35 |
| Dividend Yield | 4.91% |
| Ex-Dividend Date | Apr 1, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $109.00 |
| Previous Close | $109.22 |
| Change ($) | -0.22 |
| Change (%) | -0.20% |
| Day's Open | 109.30 |
| Day's Range | 109.00 - 109.31 |
| Day's Volume | 7,554,338 |
| 52-Week Range | 91.56 - 109.31 |
Fund Description
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity.
| Asset Class Fixed Income | Sector Bonds |
| Region Global | Inception Date Nov 28, 2007 |
| Exchange NYSEARCA | Ticker Symbol JNK |
| Index Tracked Bloomberg Barclays High Yield Very Liquid Index | |
Top 10 Holdings
4.11% of assets| Name | Symbol | Weight |
|---|---|---|
| STATE ST INST LIQ RES-PREM 0 00/00/0000 | SSIXX | 0.85% |
| ALTICE FRANCE SA 7.375 05/01/2026 | SFRFP 7.375 05/01/26 144A | 0.44% |
| CARNIVAL CORP 11.5 04/01/2023 | CCL 11.5 04/01/23 144A | 0.42% |
| TRANSDIGM INC 6.25 03/15/2026 | TDG 6.25 03/15/26 144A | 0.41% |
| CENTENE CORP 4.625 12/15/2029 | CNC 4.625 12/15/29 | 0.35% |
| CARNIVAL CORP 5.75 03/01/2027 | CCL 5.75 03/01/27 144A | 0.34% |
| CAESARS ENTERTAIN INC 6.25 07/01/2025 | CZR 6.25 07/01/25 144A | 0.33% |
| AMERICAN AIRLINES/AADVAN 5.5 04/20/2026 | AAL 5.5 04/20/26 144A | 0.33% |
| CCO HLDGS LLC/CAP CORP 5.125 05/01/2027 | CHTR 5.125 05/01/27 144A | 0.33% |
| AMERICAN AIRLINES INC 11.75 07/15/2025 | AAL 11.75 07/15/25 144A | 0.30% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.3855 | Apr 8, 2021 |
| Mar 1, 2021 | $0.402 | Mar 5, 2021 |
| Feb 1, 2021 | $0.404 | Feb 5, 2021 |
| Dec 18, 2020 | $0.432 | Dec 24, 2020 |
| Dec 1, 2020 | $0.4343 | Dec 7, 2020 |
| Nov 2, 2020 | $0.4452 | Nov 6, 2020 |
Speculative-grade junk bond ETFs are enjoying huge inflows as fixed income investors seek out riskier assets to generate significant yield. On Wednesday alone, the iShares iBoxx $ High Yield Corp Bond E...
Exchange traded fund investors have been dumping fixed income assets as yields are set to end February with their biggest monthly gain in years. The iShares iBoxx $ Investment Grade Corporate Bond ETF (...
If you're like most people these days, you're desperately searching for any kind of meaningful dividend stream.
Markets started off November with the best election week performance since 1932. One of the best ways to invest in diverse exposure, or exposure to broader sectors is through ETFs.
October, so far, has been looking a little better in comparison to September, but there is cautious optimism about a stimulus package passing as there are indications that the economic recovery could be...
Halloween is just over a month away, but fixed income investors are already getting spooked by high yield ETFs. With Covid-19 and a forthcoming presidential election feeding into uncertainty, will a hig...
Yesterday Mish talked about watching the Junk Bonds ETF (JNK) to see if the Fed would continue supporting high risk companies. Today JNK had an inside day.
As rates continue to languish near record lows and more chase after riskier assets in search of higher returns, exchange traded fund investors are expressing a waning outlook on the fixed-income asset c...
Today I want to highlight 3 major stock market and investing themes to watch this month (August). Many will look familiar, as I’ve been writing about them for a while now.
I don’t know why you’d try to cobble together an income stream with miserly ETFs.
Gold and Silver Rule ETF Flows
Bloomberg Intelligence's Eric Balchunas discusses what he sees as a "full-blown craze" for precious metals.
With such divergence glaringly apparent in the stock market, I like to look at junk bonds. The Junk Bonds ETF NYSEARCA: JNK helps us see risk appetite.
Extremely low yields from the government bonds dulled the appeal for the fixed-income investing.
No risk, no reward—it’s a simple concept to understand, but even harder to grasp, particularly after the way the coronavirus pandemic shook up investors to the point where some decided staying in cash w...
As coronavirus cases spike again, bond exchange traded fund investors are trimming their exposure to riskier high-yield assets in favor of safe-haven U.S. government bonds.
The Federal Reserve’s decision to backstop high yield exchange-traded funds (ETFs) as part of its stimulus measures to help boost the bond market amid the pandemic saw bears flee the scene like Yogi Bea...
A lot of uncertainty remains in the capital markets, which is eliciting a risk-off sentiment, but as the effects of the coronavirus start to wane, is that the time when investors should flip the risk sw...
For investors looking to get exposure to high yield via exchange-traded funds (ETFs), Goldman Sachs is warning that the Federal Reserve’s move to backstop junk debt may not be as reinforced as one might...
The Federal Reserve made a bold move to backstop high yield debt amid the coronavirus pandemic, but one byproduct that could emerge is the increasing number of zombie companies. Interest rates have been...
Supporting credit markets, the Federal Reserve said it will begin purchasing corporate bond exchange traded funds in early May.
High yield bond issues have been surging after the U.S. Federal Reserve decided to backstop junk debt as part of their economic stimulus efforts.
Delta Air Lines joined the high yield bond party amid a challenging environment with less travel due to the coronavirus pandemic. The move comes after S&P downgraded Delta debt two notches to BB from B...
With social distancing restrictions in effect, Netflix was able to capitalize on stay-at-home culture with 15.8 million subscribers by the end of March.
Some investors are flocking to high-yield ETFs, but the perceived lowering of risk there may just be setting them up for failure.
As the coronavirus pandemic’s grip on the capital markets starts to lessen as the Federal Reserve looks to open its wallet for bond purchases, there’s been a marked increase in high yield corporate bond...
To help shore up the economy, the Federal Reserve is stepping in to purchase risky assets like high yield bond exchange-traded funds (ETFs).
Fixed-income investors jumped at junk bond ETFs after the Federal Reserve said it could begin purchasing speculative-grade debt to support the market, but ETF investors may be looking at the wrong area.
What's ahead for bond ETFs after the Fed's backstop, according to top issuers
Jan Van Eck of Van Eck Associates, David Mann of Franklin Templeton and Tim Seymour of Seymour Asset Management discuss the Federal Reserve's historic backstop to the bond market and where bond ETFs go ...
The OPEC and allies agreed to a tentative deal to cut a tenth of the global production per day in May and June. Will it help oil and energy ETFs?
After the Federal Reserve’s decision to pump more money into the economy by purchasing assets, such as corporate bonds, it might seem like riskier debt like high yield will soon follow. However, there i...
With the first U.S. shale producer to file for Chapter 11 following the plunge in crude oil prices, credit risk in the energy sector may continue to drag down junk bond ETFs.
As we come out of coronavirus crisis, we should see value and small caps outperform: Sebastien Page
Sebastien Page, head of global multi-assets at T. Rowe Price, joins "Closing Bell" to discuss the state of the stock markets amid the coronavirus volatility.
The ETF industry continues to attractive billions of dollars in new investor money, and many have turned to fixed-income ETFs this year.
ETF Spotlight: Junk bonds get a boost
CNBC's "Squawk on the Street" takes a look at corporate bonds as Fed Chair Jerome Powell testifies before the U.S.
On a risk-adjusted basis, equity returns look more attractive than bond returns, says BofAML strategist Mary Ann Bartels.
High-yield, junk bonds and related ETFs have grown in popularity in a lower-for-longer rate environment, but the speculative-grade fixed-income market may be flashing early warning signals. Year-to-date...
An influx of capital into safe haven government bonds have put a strain on Treasury yields, causing investors to search the every corner of the bond market for that seemingly elusive yield. However, the...
Even after a more than 10-year bull market and with stock markets still not too far off all-time highs, there is plenty for investors to worry about: increased volatility, disappointing economic numbers...
Should you hide out in high yield?
CNBC's Bob Pisani talks high yield and bond ETFs with MarketAxess' Chris Concannon. O'Shares ETFs chairman Kevin O'Leary and Tim Seymour of Seymour Asset Management also join.
Final trades: Trim High Yield
The "Halftime Report" traders comment on the top stocks they're watching, including Cenovus and Nvidia ahead of earnings.