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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) | $4,004 |
| 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. |
| 7.7% | 7.7% | 5.3% | 6.0% | 4.7% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.40 | 12% |
| S&P500 | 0.23 | 75% |
| MSCI EAFE | 0.24 | 58% |
| MSCI Emg. Mkts. | 0.21 | 49% |
| Recent close | $25.43 |
| 30d moving avg. | $25.26 |
| Annualized volatility | 4.5% |
| Short interest (ETF) | 3.1% |
| Relative strength (RSI) | 66 |
| Avg. volume (thou.) | 3,404 |
| Avg. daily value traded (mns) | $87 |
| Turnover | 2.2% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SJNK | 3.2 yrs | Category Avg.* |
4.6 yrs |
| SJNK | 3.1% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.74% | -8.6% | $23.23 |
| +200 bp | 9.74% | -5.9% | $23.93 |
| +150 bp | 9.24% | -4.5% | $24.30 |
| +100 bp | 8.74% | -3.0% | $24.67 |
| +75 bp | 8.49% | -2.3% | $24.85 |
| +50 bp | 8.24% | -1.5% | $25.04 |
| +25 bp | 7.99% | -0.8% | $25.24 |
| 0 bp | 7.74% | 0% | $25.43 |
| -25 bp | 7.49% | 0.8% | $25.63 |
| -50 bp | 7.24% | 1.5% | $25.82 |
| -75 bp | 6.99% | 2.3% | $26.02 |
| -100 bp | 6.74% | 3.1% | $26.23 |
| -150 bp | 6.24% | 4.7% | $26.63 |
| -200 bp | 5.74% | 6.4% | $27.05 |
| -300 bp | 4.74% | 9.8% | $27.91 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
774 | bp |
| Less: Annual "default factor" |
362 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 3.72 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.8% |
| Corporate | 3.8% |
| Emerging Market | 5.2% |
| Government | 7.1% |
| Inflation Protected | 2.2% |
| Mortgage | 4.6% |
| Municipals | 3.2% |
| *Note: The State Street SPDR Bloomberg Short Term High Yield Bond ETF is classified as a Corporate fund. | |