SPDR® Bloomberg Barclays Short Term High Yield Bond ETF SJNK

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$22.91

as of Apr 03 2020

Base Currency

USD

Assets Under Management

$2,586.27 M

as of Apr 03 2020

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.40%


Key Features

Key Features

  • The SPDR® Bloomberg Barclays Short Term High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index (the "Index")
  • Seeks to provide diversified exposure to short-term US dollar-denominated high yield corporate bonds
  • Potentially presents less interest rate risk than high yield bonds with longer duration
  • A more cost efficient way to implement a high yield exposure than via individual bonds

About this Benchmark

About this Benchmark

Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index includes short-term publicly issued U.S. dollar-denominated high yield corporate bonds.  High yield securities are generally rated below investment-grade and are commonly referred to as "junk" bonds.  The Index includes publicly issued U.S. dollar denominated, non-investment-grade, fixed rate, taxable corporate bonds that have a remaining maturity of less than 5 years regardless of optionality, are rated between Caa3/ CCC-/CCC- and Ba1/BB+/BB+ using the middle rating of Moody's Investors Service, Inc., Fitch, Inc., or Standard & Poor's, Inc., respectively, and have $350 million or more of issuance.  The Index includes only corporate sectors. The corporate sectors are Industrial, Utility and Financial Institutions.  Excluded from the Index are non-corporate bonds, structured notes with embedded swaps or other special features, bonds with equity-type features (e.g., warrants, convertibility), floating-rate issues, Eurobonds, defaulted bonds, zero coupon bonds and payment in kind securities. The Index is issuer-capped and the securities in the Index are updated on the index rebalancing date.


Fund Information as of Apr 03 2020

Fund Information as of Apr 03 2020
Benchmark Inception Date Options Available Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Investment Manager Management Team
Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index Mar 14 2012 Yes 0.40% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index
Inception Date Mar 14 2012
Options Available Yes
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.40%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Apr 03 2020

Listing Information as of Apr 03 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Mar 15 2012 USD SJNK 78468R408 US78468R4083
Exchange NYSE ARCA EXCHANGE
Listing Date Mar 15 2012
Trading Currency USD
Ticker SJNK
CUSIP 78468R408
ISIN US78468R4083

Fund Characteristics as of Apr 03 2020

Fund Characteristics as of Apr 03 2020
Number of Holdings Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

Average Price Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

751 6.00% 3.12 $87.90 41.46% 7.50% 2.41 years
Number of Holdings 751
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

6.00%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

3.12
Average Price $87.90
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

41.46%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

7.50%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

2.41 years
Option Adjusted Spread Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

1,252.12 41.49%
Option Adjusted Spread 1,252.12
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

41.49%

Index Characteristics as of Apr 03 2020

Index Characteristics as of Apr 03 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
700 6.04% 3.23 $88.65 13.83% 7.57% 2.48 years
Number of Holdings 700
Average Coupon 6.04%
Average Maturity in Years 3.23
Average Price $88.65
Average Yield To Worst 13.83%
Current Yield 7.57%
Option Adjusted Duration 2.48 years
Option Adjusted Spread Yield to Maturity
1,327.05 13.86%
Option Adjusted Spread 1,327.05
Yield to Maturity 13.86%

Yields as of Apr 03 2020

Yields as of Apr 03 2020
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

9.05% 6.52%
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

9.05%
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

6.52%

Fund Market Price as of Apr 03 2020

Fund Market Price as of Apr 03 2020
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

$22.70 $22.70 $23.07 $22.62 762,977 -0.91%
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

$22.70
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$22.70
Day High $23.07
Day Low $22.62
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

762,977
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

-0.91%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


    Fund Net Cash Amount as of Apr 03 2020

    Fund Net Cash Amount as of Apr 03 2020
    Net Cash Amount
    $33,952,771.09
    Net Cash Amount $33,952,771.09

    Fund Net Asset Value as of Apr 03 2020

    Fund Net Asset Value as of Apr 03 2020
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    Shares Outstanding Assets Under Management
    $22.91 112.90 M $2,586.27 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $22.91
    Shares Outstanding 112.90 M
    Assets Under Management $2,586.27 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Mar 14 2012
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Mar 14 2012
    Fund Before Tax
    NAV Feb 29 2020 -1.26% -1.27% -1.27% 2.93% 3.59% 3.52% - 4.01%
    Market Value Feb 29 2020 -1.06% -1.25% -1.25% 3.05% 3.57% 3.48% - 4.03%
    Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index Feb 29 2020 -1.28% -1.32% -1.32% 3.10% 3.94% 4.24% - 4.96%
    Fund After Tax
    Return after Taxes on Distributions Feb 29 2020 -1.45% -1.46% -1.46% 0.60% 1.23% 1.10% - 1.64%
    Return after Taxes on Distributions and Sale of Fund Shares Feb 29 2020 -0.75% -0.75% -0.75% 1.72% 1.71% 1.58% - 2.00%
    Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index Feb 29 2020 -1.28% -1.32% -1.32% 3.10% 3.94% 4.24% - 4.96%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Mar 14 2012
    Fund Before Tax
    NAV Dec 31 2019 1.77% 1.67% 9.53% 9.53% 4.79% 4.20% - 4.27%
    Market Value Dec 31 2019 1.79% 1.62% 9.49% 9.49% 4.74% 4.25% - 4.28%
    Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index Dec 31 2019 1.83% 1.85% 9.83% 9.83% 5.20% 4.97% - 5.24%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 1.40% 0.92% 7.04% 7.04% 2.39% 1.77% - 1.87%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 1.05% 0.99% 5.60% 5.60% 2.60% 2.09% - 2.18%
    Bloomberg Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index Dec 31 2019 1.83% 1.85% 9.83% 9.83% 5.20% 4.97% - 5.24%

    as of Feb 29 2020

    as of Dec 31 2019

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.40%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 03 2020
    Index Top Holdingsas of Apr 03 2020

    Fund Top Holdings as of Apr 03 2020

    Name Market Value ISIN Weight
    CHS/COMMUNITY HEALTH SYS 6.25 03/31/2023 20,280,849.55 US12543DAY67 0.77%
    SPRINT CORP 7.875 09/15/2023 19,677,085.35 US85207UAF21 0.75%
    FREEPORT-MCMORAN INC 3.875 03/15/2023 19,578,528.34 US35671DAZ87 0.74%
    HCA INC 5.375 02/01/2025 18,785,877.80 US404119BR91 0.71%
    TENET HEALTHCARE CORP 8.125 04/01/2022 17,379,960.37 US88033GCE89 0.66%
    DISH DBS CORP 6.75 06/01/2021 15,667,689.94 US25470XAE58 0.59%
    NIELSEN FINANCE LLC/CO 5 04/15/2022 14,756,159.38 US65409QBB77 0.56%
    UNITI GRP/UNITI HLD/CSL 7.875 02/15/2025 13,626,151.41 US91327AAA07 0.52%
    INFOR US INC 6.5 05/15/2022 13,500,174.86 US45672NAG60 0.51%
    ADT SEC CORP 6.25 10/15/2021 12,877,271.09 US00101JAK25 0.49%

    Index Top Holdings as of Apr 03 2020

    Name ISIN Weight
    CHS/COMMUNITY HEALTH SYS 6.25 03/31/2023 US12543DAY67 0.67%
    HCA INC 5.375 02/01/2025 US404119BR91 0.64%
    TENET HEALTHCARE CORP 8.125 04/01/2022 US88033GCE89 0.62%
    SPRINT CORP 7.875 09/15/2023 US85207UAF21 0.58%
    NIELSEN FINANCE LLC/CO 5 04/15/2022 US65409QBB77 0.52%
    UNITI GRP/UNITI HLD/CSL 7.875 02/15/2025 US91327AAA07 0.50%
    BAUSCH HEALTH COS INC 7 03/15/2024 US91911KAK88 0.49%
    DISH DBS CORP 6.75 06/01/2021 US25470XAE58 0.48%
    INTESA SANPAOLO SPA 5.017 06/26/2024 US46115HAT41 0.48%
    DISH DBS CORP 5.875 07/15/2022 US25470XAJ46 0.47%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 03 2020
    Index Sector Breakdownas of Apr 03 2020

    Fund Sector Breakdown as of Apr 03 2020

    Sector Weight
    Corporate - Communications 20.35%
    Corporate - Consumer Cyclical 17.09%
    Corporate - Consumer Non-Cyclical 12.81%
    Corporate - Energy 11.61%
    Corporate - Capital Goods 8.28%
    Corporate - Technology 7.95%
    Corporate - Basic Industry 6.12%
    Corporate - Finance Companies 4.09%
    Corporate - Transportation 2.34%
    Corporate - Insurance 1.74%
    Corporate - Industrial Other 1.52%
    Corporate - Electric 1.42%
    Corporate - Banking 1.36%
    Corporate - REITS 1.26%
    Corporate - Other Financial 1.25%
    Corporate - Brokerage Assetmanagers Exchanges 0.06%
    Other 0.73%

    Index Sector Breakdown as of Apr 03 2020

    Sector Weight
    Corporate - Communications 20.31%
    Corporate - Consumer Cyclical 16.54%
    Corporate - Consumer Non-Cyclical 13.87%
    Corporate - Energy 11.80%
    Corporate - Capital Goods 8.50%
    Corporate - Technology 7.72%
    Corporate - Basic Industry 5.88%
    Corporate - Finance Companies 3.94%
    Corporate - Transportation 2.55%
    Corporate - Insurance 1.97%
    Corporate - Electric 1.71%
    Corporate - Other Financial 1.39%
    Corporate - Banking 1.39%
    Corporate - Industrial Other 1.20%
    Corporate - REITS 1.15%
    Corporate - Brokerage Assetmanagers Exchanges 0.08%
    Other 0.00%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Apr 03 2020
    Index Quality Breakdownas of Apr 03 2020

    Fund Quality Breakdown as of Apr 03 2020

    Name Weight
    BBB or Higher 1.79%
    BB 51.04%
    B 30.07%
    CCC or Lower 16.17%
    Not Rated 0.93%

    Index Quality Breakdown as of Apr 03 2020

    Name Weight
    BB 51.40%
    B 32.26%
    CCC or Lower 15.76%
    Not Rated 0.59%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 03 2020
    Index Maturity Ladderas of Apr 03 2020

    Fund Maturity Ladder as of Apr 03 2020

    Name Weight
    0 - 1 Year 6.77%
    1 - 2 Years 15.50%
    2 - 3 Years 22.25%
    3 - 5 Years 55.03%
    5 - 7 Years 0.19%
    7 - 10 Years 0.26%

    Index Maturity Ladder as of Apr 03 2020

    Name Weight
    0 - 1 Year 4.38%
    1 - 2 Years 14.04%
    2 - 3 Years 20.63%
    3 - 5 Years 60.95%

    Purchase Information

    Purchase Information

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    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays Short Term High Yield Bond ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.