SPDR Bloomberg Barclays High Yield Bond ETFFind Ratings Reports
- Last Ratings Update:10/31/2016
- Price as of 10/31/2016 :$36.26
- Net Assets:$8,896.7 Million
- Peer Rank:36 of 47
- Investment Rating:C+
We rate SPDR Bbg Barclays High Yield Bd ETF at C+. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 99% of its assets in bonds and may be considered for investors seeking a Corporate - High Yield strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The SPDR Bbg Barclays High Yield Bd ETF has returned an annual rate of 5.25% since inception. More recently, the fund has generated a total return of 5.20% in the last five years, 2.48% in the last three years, and 6.28% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 43% of its competitors on a three year basis and 57% of them over the last year for the period ending 10/31/2016. On a year to date basis, JNK has returned 12.47%.
Downside risk has been below average. JNK has a draw down risk of -20.42%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 6.4%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $36.26, which is 1.8% below its 52-week high of $36.91 and 0.1% above its 52-week low of $36.21.
Low expense ratio helps performance. On total assets of $8.90 billion, JNK maintains a low expense ratio compared to its Corporate - High Yield peers of just 0.40% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As JNK is an exchange traded fund, it has no front end or back end load.
The SPDR Bbg Barclays High Yield Bd ETF is managed by Kyle Kelly at SSgA Funds Management Inc. This fund is one of 147 SSgA Funds Management Inc exchange-traded funds launched since 12/16/1998 that we track.