The State Street SPDR Bloomberg High Yield Bond ETF (JNK) is a $7.00 billion fund providing diversified exposure to U.S. dollar-denominated high-yield corporate bonds with above-average liquidity. With an expense ratio of 0.40%, JNK seeks to replicate the price and yield performance of the Bloomberg High Yield Very Liquid Index. JNK rebalances monthly and offers a cost-efficient way to access the high-yield bond market, primarily focusing on U.S. companies but also including some international exposure.
State Street SPDR Bloomberg High Yield Bond ETF (JNK) ETF — Price, Holdings & Analysis
The State Street SPDR Bloomberg High Yield Bond ETF (JNK) is a $7.00 billion fund providing diversified exposure to U.S. dollar-denominated high-yield corporate bonds with above-average liquidity. With an expense ratio of 0.40%, JNK seeks to replicate the price and yield performance of the Bloomberg High Yield Very Liquid Index. JNK rebalances monthly and offers a cost-efficient way to access the high-yield bond market, primarily focusing on U.S. companies but also including some international exposure.
ETF Overview
The State Street SPDR Bloomberg High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index")Seeks to provide a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidityA more cost efficient way to implement a high yield exposure than via individual bondsRebalanced on the last business day of the month
JNK aims to mirror the Bloomberg High Yield Very Liquid Index, offering investors exposure to high-yield corporate bonds. The ETF focuses on U.S. dollar-denominated bonds that exhibit above-average liquidity, making it easier to buy and sell positions without significantly impacting the market price. JNK's holdings consist of 1245 individual bonds. The fund's sector allocation is heavily concentrated in Energy, representing 100.0% of the portfolio. While primarily focused on the United States (84.6%), JNK also has exposure to Canada (3.9%), the United Kingdom (2.3%), Luxembourg (1.5%), and France (1.1%). JNK is rebalanced monthly, ensuring that its composition remains aligned with the underlying index. This ETF is suited for investors seeking income and diversification through high-yield bonds, with a focus on liquidity and cost-efficiency.
Risk Metrics
JNK carries risks inherent to high-yield bond investing, including credit risk and interest rate risk. Its concentration in the Energy sector (100.0%) exposes it to sector-specific downturns. The fund's beta of 0.64 indicates that it is less volatile than the broader market. The expense ratio of 0.40% will create a drag on performance over time. While JNK offers diversification across 1245 holdings, its geographic concentration in the United States (84.6%) means it is still subject to economic conditions and regulatory changes within that country. Investors should carefully consider their risk tolerance and investment objectives before investing in JNK, keeping in mind that high-yield bonds are generally more sensitive to economic cycles and company-specific news.
Expense Ratio
0.40%
Sector Allocation
Energy: 100.0%
United States: 84.6%
Canada: 3.9%
United Kingdom: 2.3%
Luxembourg: 1.5%
France: 1.1%
Japan: 1.1%
Netherlands: 0.8%
Australia: 0.8%
Cayman Islands: 0.7%
Ireland: 0.7%
Dividend Yield
4.44%
<a href="/etf/jpib">JPMorgan International Bond Opportunities ETF (JPIB)</a> — 0.50% expense ratio
<a href="/etf/bab">Invesco Taxable Municipal Bond ETF (BAB)</a> — 0.28% expense ratio
<a href="/etf/dyfi">IDX Dynamic Fixed Income ETF (DYFI)</a> — 1.12% expense ratio
<a href="/etf/bmdl">VictoryShares WestEnd Economic Cycle Bond ETF (BMDL)</a> — 0.56% expense ratio
<a href="/etf/bamb">Brookstone Intermediate Bond ETF (BAMB)</a> — 1.04% expense ratio
<a href="/etf/hybi">NEOS Enhanced Income Credit Select ETF (HYBI)</a> — 0.68% expense ratio
<a href="/etf/flcb">Franklin U.S. Core Bond ETF (FLCB)</a> — 0.15% expense ratio
<a href="/etf/bltd">Bluemonte Long Term Bond ETF (BLTD)</a> — 0.23% expense ratio
<a href="/etf/zjpn">SPDR Solactive Japan ETF (ZJPN)</a> (Equity) — 0.14% expense ratio
<a href="/etf/sly">SPDR S&P 600 Small Cap ETF (SLY)</a> (Equity) — 0.15% expense ratio
<a href="/etf/xlk">State Street Technology Select Sector SPDR ETF (XLK)</a> (Equity) — 0.08% expense ratio
<a href="/etf/spin">State Street US Equity Premium Income ETF (SPIN)</a> (Equity) — 0.25% expense ratio
<a href="/etf/dgt">State Street SPDR Global Dow ETF (DGT)</a> (Equity) — 0.50% expense ratio
<a href="/etf/fite">State Street SPDR S&P Kensho Future Security ETF (FITE)</a> (Equity) — 0.45% expense ratio
Risk Metrics
Beta: 0.64
Questions & Answers
What is JNK and what does it track?
The State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund that seeks to replicate the performance of the Bloomberg High Yield Very Liquid Index. This index is composed of U.S. dollar-denominated high-yield corporate bonds that meet specific liquidity criteria. JNK provides investors with a convenient way to access a diversified portfolio of these bonds, offering exposure to the high-yield market without the need to purchase individual bonds. As of 2026-03-15, JNK has $7.00 billion in assets under management and holds 1245 individual bonds.
What is the expense ratio for JNK?
The expense ratio for JNK is 0.40%. This means that for every $10,000 invested in the fund, $40 is used to cover the fund's operating expenses. While this is not the lowest expense ratio available in the high-yield bond ETF category, it is still competitive and provides access to a diversified portfolio of high-yield bonds. the may be worth researching expense ratio as one factor among many when evaluating whether JNK is suitable for their investment needs.
What are the top holdings in JNK?
While JNK holds 1245 different bonds, the exact composition of the portfolio is subject to change. As a high-yield bond ETF, JNK's holdings consist of debt issued by various corporations. Because the fund tracks an index, the specific top holdings will vary over time as the index is rebalanced. Investors can consult the fund's official website for the most up-to-date list of holdings and their respective weights.
Is JNK a good long-term investment?
Whether JNK is a suitable long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives. JNK offers exposure to the high-yield bond market, which can provide attractive income but also carries higher risk than investment-grade bonds. The fund's 4.44% dividend yield may be appealing to income-seeking investors. However, investors should carefully consider the fund's expense ratio of 0.40% and its concentration in the Energy sector (100.0%) when making a long-term investment decision. Past performance does not guarantee future results.
How does JNK compare to similar ETFs?
JNK competes with other high-yield bond ETFs in the market. Key factors to consider when comparing JNK to its peers include expense ratio, AUM, and investment strategy. JNK's expense ratio of 0.40% is competitive within the category. Its AUM of $7.00 billion indicates that it is a relatively large and liquid ETF. JNK's focus on liquid, U.S. dollar-denominated bonds differentiates it from some other high-yield ETFs that may include less liquid or international bonds. Investors should compare the specific holdings and risk profiles of different ETFs to determine which is most suitable for their needs.
Does JNK pay dividends?
Yes, JNK pays dividends. As of 2026-03-15, JNK has a dividend yield of 4.44%. The dividend yield represents the annual dividend income an investor can expect to receive as a percentage of the fund's share price. Dividends are typically paid monthly, providing investors with a regular stream of income. However, dividend payments can fluctuate over time depending on the performance of the underlying bonds in the portfolio.