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SPDR® Blmbg High Yield Bd ETF JNK ETF Analysis

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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.

Analyst Lan Anh Tran

Lan Anh Tran

Analyst

Summary

SPDR Bloomberg High Yield Bond ETF offers a broad slice of the US high-yield corporate bond market. However, difficulties trading these bonds limit its breadth and hamper the advantages of a market-value-weighted portfolio.

by Lan Anh Tran
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