JNK ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

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%

How Is the Fund Allocated?

Sector	Weight
Energy	100.0%

Country	Weight
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%

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) — 0.49% expense ratio
iShares 20+ Year Treasury Bond ETF (TLT) — 0.15% expense ratio
JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) — 0.14% expense ratio
iShares Core U.S. Aggregate Bond ETF (AGG) — 0.03% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio

State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street SPDR S&P Kensho Future Security ETF (FITE) (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.

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.

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.

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.

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.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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