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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) | $3,841 |
| 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% /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 % |
|---|
| 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. |
| -0.4% | 4.8% | 7.4% | 4.3% | 4.4% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.70 | 59% |
| S&P500 | 0.35 | 78% |
| MSCI EAFE | 0.33 | 69% |
| MSCI Emg. Mkts. | 0.25 | 38% |
| Recent close | $24.61 |
| 30d moving avg. | $25.06 |
| Annualized volatility | 6.9% |
| Short interest (ETF) | 5.5% |
| Relative strength (RSI) | 38 |
| Avg. volume (thou.) | 6,570 |
| Avg. daily value traded (mns) | $162 |
| Turnover | 4.2% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SJNK | 2.9 yrs | Category Avg.* |
4.6 yrs |
| SJNK | 2.8% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 11.96% | -12.4% | $21.56 |
| +200 bp | 10.96% | -7.4% | $22.80 |
| +150 bp | 10.46% | -5.2% | $23.33 |
| +100 bp | 9.96% | -3.2% | $23.81 |
| +75 bp | 9.71% | -2.3% | $24.03 |
| +50 bp | 9.46% | -1.5% | $24.24 |
| +25 bp | 9.21% | -0.7% | $24.43 |
| 0 bp | 8.96% | 0% | $24.61 |
| -25 bp | 8.71% | 0.7% | $24.77 |
| -50 bp | 8.46% | 1.3% | $24.92 |
| -75 bp | 8.21% | 1.8% | $25.06 |
| -100 bp | 7.96% | 2.3% | $25.18 |
| -150 bp | 7.46% | 3.2% | $25.39 |
| -200 bp | 6.96% | 3.8% | $25.53 |
| -300 bp | 5.96% | 4.3% | $25.66 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
896 | bp |
| Less: Annual "default factor" |
362 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 4.94 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.3% |
| Corporate | 4.4% |
| Emerging Market | 6.2% |
| Government | 7.2% |
| Inflation Protected | 2.5% |
| Mortgage | 5.1% |
| Municipals | 3.6% |
| *Note: The SPDR Bloomberg Short Term High Yield Bond ETF is classified as a Corporate fund. | |