State Street SPDR Bloomberg Short Term High Yield Bond ETF

Frequently Asked Questions About SJNK

What does SJNK invest in?

This State Street SPDR exchange-traded fund (ETF) endeavors to replicate the investment performance, encompassing both price appreciation and yield generation, of the Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index, prior to accounting for its operational costs. It provides broad, diversified exposure to U.S. dollar-denominated, short-maturity corporate debt within the high-yield segment. Due to its emphasis on shorter-dated assets, this ETF generally exhibits reduced sensitivity to interest rate fluctuations compared to high-yield bonds with longer maturities. Additionally, it presents a more economical approach for investors to gain access to the high-yield market than purchasing individual bonds.

What is the expense ratio of SJNK?

State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is SJNK's dividend yield?

SJNK's trailing-twelve-month yield is 7.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SJNK?

Effective duration measures SJNK's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SJNK's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SJNK?

SJNK'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 SJNK?

Yield to maturity (YTM) is the total return you'd earn from SJNK if every bond in the portfolio is held to maturity at the current price. SJNK'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.