NJNK

Columbia U.S. High Yield ETF

$20.14

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Columbia U.S. High Yield ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Beta-Weighted U.S. High Yield Corporate Bond Index.

Overview

ETF tracking Columbia U.S. High Yield ETF

Category High Yield

Issuer Other

Inception Date 2024-09-05

Market Cap $46.3M

Average Volume N/A

Dividend Yield 5.34%

52-Week Range $19.03 - $20.48

VWAP $20.13

Performance

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Investment Summary

📎 Investment Objective

The Columbia U.S. High Yield ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Beta-Weighted U.S. High Yield Corporate Bond Index.

🎯 Investment Strategy

The ETF invests primarily in a portfolio of high-yield, below investment-grade U.S. corporate bonds to track the performance of the underlying index. The fund uses a sampling approach, investing in a subset of the index's constituents that collectively have an investment profile similar to the index.

✨ Key Features

Provides exposure to the high-yield corporate bond market in the U.S.
Seeks to track the performance of the Beta-Weighted U.S. High Yield Corporate Bond Index
Utilizes a sampling approach to replicate the index's performance
Relatively low expense ratio compared to actively managed high-yield bond funds

⚠️ Primary Risks

Credit risk: The fund is exposed to the risk of default or downgrade of the underlying high-yield corporate bonds
Interest rate risk: The value of high-yield bonds may decline as interest rates rise
Liquidity risk: The high-yield bond market can be less liquid than the investment-grade bond market, which may impact the fund's ability to sell positions
Concentration risk: The fund's performance is closely tied to the high-yield corporate bond market and may be more volatile than a more diversified fixed-income fund

👤 Best For

The Columbia U.S. High Yield ETF may be suitable for investors seeking exposure to the high-yield corporate bond market as part of a diversified fixed-income allocation. Investors should have a higher risk tolerance and a longer-term investment horizon to withstand the potential volatility associated with high-yield bonds.