ETF Quote Details
|NAV (month end)||41.22|
|Premium (+)/Discount (-) (month end)||+0.02|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$2.42 (5.89%)|
|Issuer||STATE STREET GLOBAL ADVISORS|
This Index includes publicly issued U.S. dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality. The corporate sectors are Industrial, Utility, and Financial Institutions. The High Yield Index is issuer capped and the securities in the Index are updated on the last business day of each month.
The SPDR Barclays High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays High Yield Very Liquid Index.