JNK tracks an index of non-investment-grade corporate bonds and is sponsored by State Street Global Advisors.
BKLN invests senior floating-rate bank loans. “Bank loans are denoted high yield for the sole reason that firms issuing them are highly leveraged,” says Morningstar’s Timothy Strauts in an analyst report on the ETF.
BKLN holds assets of $561.5 million and pays a 12-month yield of 4.8%, according to manager Invesco PowerShares.
PowerShares Senior Loan Portfolio
