- What does SJLD invest in?
- SJLD primarily invests in short-term, investment-grade debt, with a focus on maintaining an average portfolio duration of two years or less. The strategy aims to optimize liquidity, manage risks, and provide stable, low-risk returns in a fluctuating interest rate environment. Portfolio selection emphasizes credit quality, liquidity, and sensitivity to interest rate changes. While the fund primarily invests in US government debt, it can allocate up to 5% of its assets to higher-risk securities, such as junk bonds and unrated debt. Additionally, the fund may hold cash equivalents and various fixed- and floating-rate instruments, including commercial paper, municipal securities, and repurchase agreements backed by government securities.
- What is the expense ratio of SJLD?
- SanJac Alpha Low Duration ETF (SJLD) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
- What is SJLD's dividend yield?
- SJLD's trailing-twelve-month yield is 4.39%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of SJLD?
- Effective duration measures SJLD's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SJLD's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of SJLD?
- SJLD's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of SJLD?
- Yield to maturity (YTM) is the total return you'd earn from SJLD if every bond in the portfolio is held to maturity at the current price. SJLD's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
