|
SPDR Short Term High Yield
|
|||||||||||||||||
- 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 15, 2012 |
| Assets (mns) | $2,803 |
| 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 | 694 |
| No of distinct issuers | 466 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 88% |
| 0.0% /00/00 | 1.4 % |
| SPRINT CORP. 7.9% 9/15/23 | 0.7 % |
| COMMUNITY HEALTH SYST 6.3% 3/31/23 | 0.7 % |
| REYNOLDS GROUP ISSUER 5.8% 1/15/20 | 0.7 % |
| TENET HEALTHCARE CORP 8.1% 4/01/22 | 0.6 % |
| FIRST DATA CORPORATIO 5.8% 1/15/24 | 0.6 % |
| NIELSEN FINANCE LLC 5.0% 4/15/22 | 0.6 % |
| SOLERA LLC 10.5% 3/01/24 | 0.5 % |
| HCA, INC. 7.5% 2/15/22 | 0.5 % |
| CLEAR CHANNEL WORLDWI 9.3% 2/15/24 | 0.5 % |
| TOTAL | 6.7 % |
|---|
| TENET HEALTHCARE CORPORATION | 1.5% |
| COMMUNITY HEALTH SYSTEMS, INC. | 1.3% |
| DISH DBS CORPORATION | 1.2% |
| FREEPORT-MCMORAN, INC. | 1.1% |
| REYNOLDS GROUP ISSUER, INC. | 1.1% |
 |
UNITED STATES | 82.0 % |
 |
CANADA | 3.8 % |
 |
LUXEMBOURG | 2.1 % |
 |
BRITAIN | 1.8 % |
 |
0.8 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 7.3% | 4.3% | 3.3% | -- | 4.2% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | -0.01 | 0% |
| S&P500 | 0.23 | 63% |
| MSCI EAFE | 0.26 | 61% |
| MSCI Emg. Mkts. | 0.17 | 41% |
| Recent close | $26.89 |
| 30d moving avg. | $27.02 |
| Annualized volatility | 3.6% |
| Short interest (ETF) | 1.8% |
| Relative strength (RSI) | 43 |
| Avg. volume (thou.) | 1,502 |
| Avg. daily value traded (mns) | $40 |
| Turnover | 1.4% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SJNK | 2.9 yrs | Category Avg.* |
4.7 yrs |
| SJNK | 2.8% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.61% | -7.8% | $24.79 |
| +200 bp | 8.61% | -5.3% | $25.46 |
| +150 bp | 8.11% | -4.0% | $25.81 |
| +100 bp | 7.61% | -2.7% | $26.16 |
| +75 bp | 7.36% | -2.0% | $26.34 |
| +50 bp | 7.11% | -1.4% | $26.52 |
| +25 bp | 6.86% | -0.7% | $26.70 |
| 0 bp | 6.61% | 0% | $26.89 |
| -25 bp | 6.36% | 0.7% | $27.08 |
| -50 bp | 6.11% | 1.4% | $27.27 |
| -75 bp | 5.86% | 2.1% | $27.46 |
| -100 bp | 5.61% | 2.8% | $27.65 |
| -150 bp | 5.11% | 4.3% | $28.04 |
| -200 bp | 4.61% | 5.8% | $28.44 |
| -300 bp | 3.61% | 8.8% | $29.27 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
661 | bp |
| Less: Annual "default factor" |
378 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 2.43 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.3% |
| Emerging Market | 3.6% |
| Government | 1.6% |
| Inflation Protected | 1.7% |
| Mortgage | 2.8% |
| Municipals | 2.2% |
| *Note: The SPDR Short Term High Yield is classified as a Corporate fund. | |