Symbols

JNK

State Street SPDR Bloomberg High Yield Bond ETF·NYSE

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Key Stats

Assets Under Management

7.76BUSD

Fund Flows (1Y)

-361.67MUSD

Dividend Yield

5.99%

Discount/Premium to NAV

0.07%

Shares Outstanding

77.90M

Expense Ratio

0.40%

About State Street SPDR Bloomberg High Yield Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-bloomberg-high-yield-bond-etf-jnk

Inception Date

Nov 28, 2007

Structure

Open-Ended Fund

Index Tracked

Bloomberg High Yield Very Liquid Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

JNK, as one of the first to launch in the space, is a hugely popular high-yield corporate bond fund. The ETF provides a liquid and more cost-efficient way to access high yield exposure than individual bonds. The index the ETF tracks publicly issued USD denominated, non-investment grade, fixed-rate, taxable bonds that have a maturity between 1-15 years. The underlying portfolio is one of the broadest in the segment, and the fund's yield, duration, and credit risk tend to align with those of our benchmark. The ETF is rebalanced on the last business day of each month. JNK investors need to consider total all-in costs when making comparisons to other funds,