JPM Global High Yield Corporate Bond Multi‑Factor

ETF description

This ETF focuses on providing investors with exposure to a range of high‑yield corporate bonds from around the world. High‑yield bonds are issued by companies that may have lower credit ratings but offer higher interest payments to compensate for the increased risk. By investing in this ETF, you are gaining access to a diversified portfolio of such bonds, which can offer the potential for higher income compared to investment‑grade bonds.

This ETF may appeal to investors who are seeking higher returns through income generated from bond interest payments but are willing to accept more risk in exchange. It is designed for those looking for exposure to corporate debt across different countries and sectors, potentially offering broader diversification.

Issuer details

JP Morgan Asset Management is a leading global asset management firm, offering a range of investment products, including mutual funds, ETFs, and alternative investments. With over $3 trillion in assets under management as of June 2024, covering various market segments. Known for its strong global presence, investment strategies, and research capabilities, JP Morgan’s ETFs include popular options like the JP Morgan BetaBuilders and the JP Morgan Ultra‑Short Income ETF.

Index details

The ETF tracks the ICE BofA Global High Yield Index which tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market. To qualify for inclusion in the index, securities must have a below investment grade rating (based on an average of Moody’s, S&P, and Fitch) and an investment grade rated country of risk (based on an average of Moody’s, S&P, and Fitch foreign currency long term sovereign debt ratings).