JNK pays out 6.25% in dividends, 5.21% in 30-day SEC yield and 6.25% in yield to maturity. The index is made up of fixed-rate, taxable, low rated corporate bonds that are ‘BBB’ and under. Assets under management are around $12 billion. [High Yield Bond ETFs: Too Risky After Big Rally?]
iShares iBoxx $ High Yield Corporate Bond Fund
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own HYG and JNK.