24/7 Wall Street
20 Jun 2026, 00:31 UTC · 2h ago
JNK's 0.40% Fee Quietly Costs You $6,000 Over 20 Years
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
24/7 Wall Street
20 Jun 2026, 00:31 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
4 claims · each scored for market impact
The 10Y-2Y Treasury spread decreased to 0.29% as of June 17, 2026, from a February high of 0.74%. — A flattening yield curve compresses the credit cushion for high-yield investors, increasing the relative impact of fees on total returns.
-0.30USHY provides a significantly lower expense ratio (0.08%) compared to JNK (0.40%) and HYG (0.49%) for similar high-yield bond exposure. — Suggests a rotation of capital from JNK and HYG toward lower-cost alternatives like USHY, potentially impacting liquidity and AUM for the more expensive funds.
-0.20USHY has outperformed JNK over a five-year period (22.90% vs 19.59%) due to a lower cost drag and a broader index benchmark. — Reinforces the bearish case for JNK holders by demonstrating a tangible loss in total return compared to peers.
-0.10Continue reading
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JNK distributions are taxed as ordinary income, which can significantly reduce net returns for high-earning investors. — Reduces the attractiveness of the fund for a specific high-net-worth demographic, though it is a known tax characteristic of the asset class.
-0.10Which stocks this story touches
Criticized for high expense ratios and lower five-year returns compared to peers.
Praised as a lower-cost alternative with better long-term returns.
Mentioned as charging a premium for Bitcoin exposure compared to identical funds.
Noted as being more expensive than both JNK and USHY, suitable only for tactical traders.
[mutual] Both are high-yield bond ETFs competing in the same asset class.
[mutual] Both are high-yield bond ETFs competing for the same income-focused investors.
[mutual] Both are iShares high-yield bond ETFs offering different cost and liquidity profiles.
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