SPDR Bloomberg High Yield Bond ETF JNK is an affordable option for exposure to U.S. high-yield corporate bonds. But the inherent illiquidity in this market limits its breadth and hampers the advantages of a market-value-weighted portfolio. The fund earns a Morningstar Analyst Rating of Neutral.
SPDR® Blmbg High Yield Bd ETF JNK
Morningstar’s Analysis JNK
Will JNK outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JNK’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JNK management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JNK’s parent organization’s priorities and whether they’re in line with investors’ interests.
Indexing high-yield bonds is difficult.
