SPDR Bloomberg High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Bloomberg High Yield Very Liquid Bond Index.
What is Barclays Global Aggregate Bond Index?
The Index measures the performance of the global investment grade, fixed-rate bond markets. The benchmark includes government, government-related and corporate bonds, as well as asset-backed, mortgage-backed and commercial mortgage-backed securities from both developed and emerging markets issuers.31 Dec 2021
Is High Yield Bond ETF?
High Yield Bonds ETFs offer investors exposure to debt issued by below investment grade corporations. These ETFs invest in junk bonds, senior loans, as well as international below investment grade debt.
What does a high-yield grade mean?
High-yield bonds carry lower credit ratings from the leading credit agencies. A bond is considered speculative and will thus have a higher yield if it has a rating below "BBB-" from S&P or below "Baa3" from Moody's. Bonds with ratings at or above these levels are considered investment grade.
Is there a high-yield bond index?
The S&P U.S. High Yield Corporate Bond Index is designed to track the performance of U.S. dollar-denominated, high-yield corporate bonds issued by companies whose country of risk use official G-10 currencies, excluding those countries that are members of the United Nations Eastern European Group (EEG).
What ratings are high-yield?
Investment grade and high yield bonds Investors typically group bond ratings into 2 major categories: Investment-grade refers to bonds rated Baa3/BBB- or better. High-yield (also referred to as "non-investment-grade" or "junk" bonds) pertains to bonds rated Ba1/BB+ and lower. Investors typically group bond ratings into 2 major categories: Investment-grade refers to bonds rated Baa3/BBB- or better. High-yield (also referred to as "non-investment-grade" or "junk" bonds) pertains to bonds rated Ba1/BB+ and lower.
Are high-yield bonds good investments?
High yield bonds are not intrinsically good or bad investments. The bonds' higher yield is compensation for the greater risk associated with a lower credit rating. High yield bond performance is more highly correlated with stock market performance than is the case with higher-quality bonds.
What is Barclays Global Aggregate?
The Bloomberg Barclays Global Aggregate Index is a flagship measure of global investment grade debt from twenty- four local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.
What is the symbol for the Barclays Aggregate Bond Index?
Symbol ETF Name Beta
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AGG iShares Core U.S. Aggregate Bond ETF -0.25
BND Vanguard Total Bond Market ETF 0.03
BNDX Vanguard Total International Bond ETF 0.04
BSV Vanguard Short-Term Bond ETF -0.01