Columbia U.S. High Yield ETF (NJNK)

The Columbia U.S. High Yield ETF (NJNK) is a fixed income fund from Columbia Threadneedle Investments that provides exposure to U.S. dollar-denominated high yield corporate bonds.

High yield bonds are issued by companies with below-investment-grade credit ratings and generally pay higher interest than investment-grade debt to compensate for greater credit risk. The fund holds a diversified portfolio of these bonds across industries.