The SPDR Bloomberg Barclays High Yield Bond ETF provides diversified exposure to USD-denominated high-yield corporate bonds with above-average liquidity. Managed by State Street Global Advisors Funds Management Inc., this ETF was established in November 2007.
The SPDR Bloomberg Barclays High Yield Bond ETF's key objective is to replicate the investment performance of the Bloomberg High Yield Very Liquid Index. This index includes publicly issued US-dollar-denominated, non-investment grade, fixed-rate, taxable corporate bonds that will mature between one year and 15 years. Generally, this fund invests at least 80% of its total assets in the securities that are included in the index, as well as in securities that State Street considers to be substantially identical. The base currency for this fund is USD.
Stock for the SPDR Bloomberg Barclays High Yield Bond ETF is listed on the NYSE under the ticker JNK. This fund includes investments in corporate bonds issued by the following industries: consumer cyclical, communications, consumer non-cyclical, energy, capital goods, and technology. This fund is considered to be diversified. As of 16 December 2021, some of the fund's top holdings included corporate bonds issued by Mozart Debt Merger, Transdigm, DirectV Fin, American Airlines, Centene, and Carnival.
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