JNK, as one of the first to launch in the space, is a hugely popular high-yield corporate bond fund. The ETF provides a liquid and more cost-efficient way to access high yield exposure than individual bonds. The index the ETF tracks publicly issued USD denominated, non-investment grade, fixed-rate, taxable bonds that have a maturity between 1-15 years. The underlying portfolio is one of the broadest in the segment, and the funds yield, duration, and credit risk tend to align with those of our benchmark. The ETF is rebalanced on the last business day of each month. JNK investors need to consider total all-in costs when making comparisons to other funds,
