SJNK ETF Report: Ratings, Analysis, Quotes, Holdings

Popular SJNK Comparisons: SJNK vs HYS, SJNK vs BSJK, SJNK vs SHYG, SJNK vs SFHY, SJNK vs SHYL

Related ETF Channels: U.S., Short-Term, Fixed Income, Junk Bond, Bond, Vanilla, North America

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*Unless otherwise stated, data provided by FactSet.

SJNK Fund Description

SJNK tracks a market-weighted index of short-term publicly issued U.S. high yield corporate bonds, with a remaining maturity of less than 5 years.

SJNK Factset Analytics Insight

SJNK covers the 0-5 year pocket of the high-yield market extremely well, sharing the same index as our benchmark. Its portfolio has highly comparable portfolio statistics, sector breakdown, and geographical exposure. In all, SJNK is a good choice for investors looking for a broad portfolio that provides a neutral take on the short-term, high-yield theme. It attracts strong daily volume, with low spreads, though its primary liquidity is rather poor and multiple creations / redemptions can impact underlying prices. Its expense ratio is low for its segment, but SJNK struggles in tracking its index tightly or consistently. SJNK typically lags its index by quite a bit more than its expense ratio, although this is a common issue in the high-yield space due to liquidity constraints in the underlying market. Still, SJNK's liquidity and neutral exposure make it our Analyst Pick.

SJNK MSCI ESG Analytics Insight

SPDR Bloomberg Barclays Short Term High Yield Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.18 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Bloomberg Barclays Short Term High Yield Bond ETF ranks in the 8th percentile within its peer group and in the 43th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SJNK Charts And Performance

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PERFORMANCE [as of 11/20/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

SJNK 2.62% 3.99% 3.30% 5.45% 4.28% 5.73% --

SJNK (NAV) 2.04% 3.71% 3.27% 5.34% 4.29% 5.76% --

Bloomberg Barclays US High Yield 350mn Cash Pay 2% Capped (0-5 Y) 2.01% 3.59% 2.27% 4.45% 4.21% 6.08% --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SJNK Summary Data

State Street Global Advisors

SPDR

03/15/12

Open-Ended Fund

0.40%

$3.64B

$139.62M

0.04%

HYS, BSJK, SHYG, SFHY, SHYL

Fund Home Page

SJNK Portfolio Data

2.20

6.73%

12/01/20

742

SJNK Index Data

Bloomberg Barclays US High Yield 350mn Cash Pay 2% Capped (0-5 Y)

Market Value

Bloomberg Barclays US High Yield 350mn Cash Pay 2% Capped (0-5 Y)

SJNK Portfolio Management

0.40%

0.47%

0.90%

Max. Downside Tracking Difference (12 Mo) -0.35%

SJNK Tax Exposures

20.00% / 39.60%

Ordinary income

SJNK Fund Structure

Open-Ended Fund

Yes

100% / 0%

N/A

Low

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

SJNK Factset Analytics Block Liquidity

As of 11/23/20

This measurement shows how easy it is to trade a $1 million USD block of SJNK. SJNK is rated a 5 out of 5.

SJNK Tradability

5,362,958

$139.62M

4,944,470

$131.06M

0.04%

$0.01

0.11%

4.67% / -2.00%

None

100.00%

300,000

16.48

0.01%

229

$26.48

SJNK Top 10 Holdings[View All]

Total Top 10 Weighting 0.00%

SJNK Top 5 Countries

SJNK

Segment Benchmark

United States

85.89%

Canada

4.86%

Netherlands

1.59%

United Kingdom

1.53%

Luxembourg

1.14%

SJNK Performance Statistics

1.00

SJNK MSCI ESG Ratings

3.18 / 10

43.40

7.55

5.95%

2.11%

204.26

SJNK Holdings Statistics

2.58 years

Effective Duration 2.20

6.73%

Credit Spread Duration 2.20

Concentration Low

Number of Holdings 742

Option Adjusted Spread 5.94%

SJNK Avg Life Maturity Distribution

0 - 1 years 19.52%

1 - 2 years 17.08%

2 - 3 years 22.57%

3 - 5 years 39.44%

5 - 7 years 0.82%

7 - 10 years 0.51%

10 - 15 years 0.07%

15 - 20 years --

> 20 years --

SJNK OAS Breakdown

0 - 100 bps 0.72%

100 - 200 bps 3.40%

200 - 300 bps 15.85%

300 - 400 bps 19.72%

400 - 500 bps 17.77%

500 - 600 bps 12.27%

600 - 700 bps 8.05%

700 - 800 bps 6.56%

800 - 900 bps 2.47%

900 - 1000 bps 2.86%

> 1000 bps 10.35%

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

Collar Strategy
Protection Strategy
Covered Call Strategy
Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.