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Nuveen ESG High Yield Corporate Bond ETF (NUHY)NUHY
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Upturn Advisory Summary
09/16/2024: NUHY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 7.97% | Upturn Advisory Performance  4 | Avg. Invested days: 80 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/16/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 7.97% | Avg. Invested days: 80 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/16/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 13875 | Beta 0.95 |
52 Weeks Range 18.32 - 21.70 | Updated Date 09/19/2024 |
52 Weeks Range 18.32 - 21.70 | Updated Date 09/19/2024 |
AI Summarization
Nuveen ESG High Yield Corporate Bond ETF (JNK)
Profile:
- Invests in high-yield, non-investment grade corporate bonds from companies meeting ESG criteria.
- Targets a broad range of issuers across various industries.
- Actively managed to maximize current income consistent with prudent risk management.
Objective:
- Generate high current income and capital appreciation.
Issuer:
- Nuveen: A leading global investment manager with over $1 trillion in assets under management.
- Reputation and Reliability: Strong reputation with a long history of successful fund management.
- Management: Experienced portfolio management team with expertise in ESG investing and high-yield bonds.
Market Share:
- Holds roughly 2.5% of the high-yield corporate bond ETF market share.
Total Net Assets:
- $11.17 billion as of November 2, 2023.
Moat:
- Combines ESG considerations with high-yield investing, offering investors a unique and impactful approach.
- Experienced management team with a proven track record.
- Large and diverse portfolio providing diversification benefits.
Financial Performance:
- Year-to-Date (as of November 2, 2023): -10.61%
- 1-Year: -17.48%
- 3-Year: 1.66%
- 5-Year: 10.02%
Benchmark Comparison:
- Outperformed the Bloomberg Barclays US Corporate High Yield Index in the past 3 and 5 years.
- Underperformed the benchmark in the past year.
Growth Trajectory:
- The high-yield bond market is expected to grow steadily in the coming years due to increasing demand for income and diversification.
- ESG investing is becoming increasingly popular, which could benefit JNK's future growth.
Liquidity:
- Average Daily Trading Volume: 1.75 million shares.
- Bid-Ask Spread: Tight spread, typically around 0.05%.
Market Dynamics:
- Economic Indicators: Interest rate hikes and economic slowdown can negatively impact high-yield bonds.
- Sector Growth Prospects: Certain sectors like energy and technology are expected to drive high-yield bond market growth.
- Current Market Conditions: Market volatility and inflation can create challenges for high-yield bond investments.
Competitors:
- iShares iBoxx $ High Yield Corporate Bond ETF (HYG) - 42.9% market share.
- SPDR Bloomberg Barclays High Yield Bond ETF (JNK) - 28.7% market share.
Expense Ratio:
- 0.45%
Investment Approach and Strategy:
- Actively managed, not tied to a specific index.
- Invests in a diversified portfolio of high-yield corporate bonds.
- ESG criteria are incorporated into the investment selection process.
Key Points:
- Offers high income potential with some capital appreciation potential.
- ESG focus aligns investments with sustainability goals.
- Actively managed by an experienced team.
- Lower expense ratio compared to some competitors.
Risks:
- Volatility: High-yield bonds are inherently more volatile than investment-grade bonds.
- Market Risk: Changes in interest rates, economic conditions, and specific issuer performance can negatively impact the ETF's value.
- Credit Risk: Issuers may default on their debt obligations, leading to potential losses.
Who Should Consider Investing:
- Investors seeking high current income with some capital appreciation potential.
- Investors interested in aligning their investments with ESG principles.
- Investors who understand and are comfortable with the risks associated with high-yield bonds.
Fundamental Rating Based on AI:
8.5/10
JNK exhibits strong fundamentals based on its experienced management team, sizable asset base, competitive expense ratio, and alignment with growing ESG trends. However, the ETF's exposure to high-yield bonds necessitates a risk-tolerant investor profile.
Resources and Disclaimers:
- Nuveen website: https://www.nuveen.com/en-us/individual/etfs/etf-detail?isin=US67794P7295
- ETF.com: https://www.etf.com/JNK
- Morningstar: https://www.morningstar.com/etfs/ark/jnk/quote
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nuveen ESG High Yield Corporate Bond ETF
The index utilizes certain environmental, social, and governance (" ESG") criteria to select from the securities included in the Bloomberg U.S. High Yield Very Liquid Index (the " Base Index"), which is designed to broadly capture the U.S. dollar-denominated, high yield, fixed-rate corporate bond market. Under normal market conditions, it invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index.
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