However, an investor can park their capital into a similar ETF strategy that tracks something from the same sector or corner of the market instead.

For example, the SPDR Portfolio Aggregate Bond ETF (NYSEArca: SPAB) may provide a good alternative for those seeking to harvest a loss on the broad US investment grade space as the ETF tries to track the Bloomberg Barclays US Aggregate Bond Index.

The SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEArca: SPIB) provides exposure to investment-grade, intermediate-term corporate debt.

For high-yield or speculative-grade bond exposure, the SPDR Bloomberg Barclays High Yield Bd ETF (NYSEArca: JNK) has been among the go-to options for broad junk bond investments. Additionally, the SPDR Barclays Short Term High Yield Bond ETF (NYSEArca: SJNK) helps investors access a lower duration avenue to high-yield corporates without a significant sacrifice in terms of yield.

Financial advisors who are interested in learning more about the fixed-income market and tax-loss harvesting can register for the Thursday, September 6 webcast here.