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State Street SPDR Bloomberg Short Term High Yield Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays Short Term High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Mar 14, 2012 |
| Assets (mns) | $3,991 |
| Currency | USD |
| Expense ratio | 40 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 867 |
| No of distinct issuers | 595 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 95% |
| 0.0% // | 0.9 % |
| 0.0% // | 0.7 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| TOTAL | 5.3 % |
|---|
| FORD MOTOR CREDIT COMPANY LLC | 2.4% |
| AMERICAN AIRLINES, INC. | 1.2% |
| CARNIVAL CORPORATION | 1.1% |
| CCO HOLDINGS LLC | 1.0% |
| ROYAL CARIBBEAN GROUP | 1.0% |
 |
UNITED STATES | 78.5 % |
 |
CANADA | 4.6 % |
 |
UNITED KINGDOM | 2.1 % |
 |
IRELAND | 1.8 % |
 |
CAYMAN ISLANDS | 1.5 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 7.1% | 6.5% | 5.6% | 5.7% | 4.7% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.43 | 14% |
| S&P500 | 0.24 | 75% |
| MSCI EAFE | 0.24 | 56% |
| MSCI Emg. Mkts. | 0.21 | 48% |
| Recent close | $25.35 |
| 30d moving avg. | $25.20 |
| Annualized volatility | 4.5% |
| Short interest (ETF) | 3.1% |
| Relative strength (RSI) | 60 |
| Avg. volume (thou.) | 3,864 |
| Avg. daily value traded (mns) | $98 |
| Turnover | 2.5% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SJNK | 3.2 yrs | Category Avg.* |
4.7 yrs |
| SJNK | 3.1% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.85% | -8.6% | $23.16 |
| +200 bp | 9.85% | -5.9% | $23.86 |
| +150 bp | 9.35% | -4.5% | $24.22 |
| +100 bp | 8.85% | -3.0% | $24.59 |
| +75 bp | 8.60% | -2.3% | $24.78 |
| +50 bp | 8.35% | -1.5% | $24.97 |
| +25 bp | 8.10% | -0.8% | $25.16 |
| 0 bp | 7.85% | 0% | $25.35 |
| -25 bp | 7.60% | 0.8% | $25.55 |
| -50 bp | 7.35% | 1.5% | $25.74 |
| -75 bp | 7.10% | 2.3% | $25.94 |
| -100 bp | 6.85% | 3.1% | $26.14 |
| -150 bp | 6.35% | 4.7% | $26.55 |
| -200 bp | 5.85% | 6.4% | $26.97 |
| -300 bp | 4.85% | 9.8% | $27.82 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
785 | bp |
| Less: Annual "default factor" |
362 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 3.83 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.2% |
| Government | 6.9% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.2% |
| *Note: The State Street SPDR Bloomberg Short Term High Yield Bond ETF is classified as a Corporate fund. | |