Profile
Assets class:
EquityAssets under management:
$5 BAverage volume:
$3 MDomicile:
USExpense ratio:
0.40%Inception date:
09 April 2012Website:
http://www.ssga.comLast dividends:
01 October 2024Next dividends:
N/ATop countries
Dividend yield TTM
SJNK Latest News
SPDR® Bloomberg Short Term High Yield Bond ETF (SJNK) aims to reduce risk by focusing on junk bonds with maturities under 5 years. SJNK is well-diversified across sectors and issuers, with a significant allocation to consumer cyclicals and industrials. Despite marginally outperforming a junk bond benchmark, SJNK has suffered significant value decay and underperformed "fallen angels" ETFs.
SJNK: Short-Term High-Yield Bond ETF, Strong 7.3% Yield, Good Performance
Consider junk bond funds with shorter duration and lower volatility, such as the SPDR® Bloomberg Short Term High Yield Bond ETF.
SPDR Bloomberg Short Term High Yield Bond ETF holds short-term corporate debt that is below investment grade. SJNK has an annualized distribution yield of 8.4%, offering a higher yield compared to risk-free government bonds and money markets but also comes with higher risk. Many investors might be turned off by the risk while those with higher risk appetite might appreciate the higher yield and see it worth the risk.
The SPDR Bloomberg Short Term High Yield Bond ETF is the unsung hero in short-term fixed-income exposure. High yield, low volatility, and a highly diversified portfolio. Minimize the impacts of future unexpected rate hikes by keeping the duration short.
What is SJNK ETF?
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short-term publicly issued U.S. dollar-denominated high yield corporate bonds.
What is SJNK assets class?
Assets class of SJNK ETF is 'Equity'
What is SJNK assets under management?
Assets under management of SJNK ETF is $5 B
What is SJNK average volume?
Average volume of SJNK ETF is $3 M
What is SJNK domicile?
Domicile of SJNK ETF is US
What is SJNK expense ratio?
Expense ratio of SJNK ETF is 0.40%
What is SJNK inception date?
Inception date of SJNK ETF is 09 April 2012
What is SJNK website?
Website of SJNK ETF is https://www.ssga.com/us/en/institutional/etfs/funds/spdr-bloomberg-short-term-high-yield-bond-etf-sjnk