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SPDR® Blmbg High Yield Bd ETF JNK

Morningstar Medalist Rating
Medalist Rating as of | See State Street Investment Hub

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 JNK offers a broad slice of the U.S. high-yield corporate bond market. However, 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.

by Lan Anh Tran
Rated on Published on

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Portfolio Holdings JNK

More JNK Holdings
  • Current Portfolio Date
  • Equity Holdings 4
  • Bond Holdings 1151
  • Other Holdings 3
  • % Assets in Top 10 Holdings 4.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street Institutional Liq State St Inst Liq Res Prem

0.54
38,138,564
Cash and Equivalents

TransDigm, Inc. 6.25%

0.47
33,252,110
Corporate

Mozart Debt Merger Subordinated Inc. 3.875%

0.45
31,561,362
Corporate

Tibco Software Inc 6.5%

0.43
30,146,400
Corporate

DISH Network Corporation 11.75%

0.42
29,614,216
Corporate

Caesars Entertainment Inc New 6.25%

0.40
28,119,066
Corporate

Cloud Software Group Inc. 9%

0.39
27,871,752
Corporate

Directv Financing LLC/Directv Financing Co-Obligor Inc. 5.875%

0.39
27,236,605
Corporate

Carnival Corporation 5.75%

0.37
26,497,210
Corporate

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.5%

0.37
26,199,553
Corporate