ABOUT THIS FUND
The Columbia U.S. High Yield ETF, identified by the symbol NJNK, strives to deliver a significant stream of current income to its investors. It achieves this objective by primarily allocating capital to high-yield corporate debt issued by companies with a U.S. presence. These debt instruments are generally categorized as sub-investment grade, meaning their credit ratings typically fall below Baa or BBB. When evaluating U.S. corporate bonds for inclusion, the fund considers various aspects to confirm a company's connection to the United States. This includes assessing its country of incorporation, the whereabouts of its primary business operations or head office, where its main shares are listed, the origin of the majority of its revenue or profits, and the geographical location of most of its assets, among other pertinent factors. The portfolio management does not commit to a particular maturity range for its holdings, and it has the discretion to invest in both collateralized and uncollateralized debt securities.
