JNK

SPDR Bloomberg High Yield Bond ETF

SPDR Barclays High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Barclays High Yield Very Liquid Bond Index.


6.4%

Current Yield

4.4 years

Macaulay Duration

7.8%

Yield to Maturity

B1

Median Quality

4.2%

ALTAR Score™
 
Fund Basics
Fund sponsorSSgA Funds Management Inc
CategoryCorporate
Asset classFixed Income
Websitelink...
Inception dateNov 28, 2007
Assets (mns)$9,504
Expense ratio40 bp
Constituent Breakdown
No. of constituents1,143
No. of distinct issuers665
Coverage97%
Fixed/floating rate98% / 2%
Investment grade2%
Inflation protected0%
Non-standard maturity (callable, etc.)99%
Fund Structure
RegulationOpen-End Investment Company
DistributionsMonthly
Taxation1099
Bond selection
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TRANSDIGM, INC. 6.25% 15-MAR-2026 0.4 %
MOZART DEBT MERGER SUB, INC. 3.875% 01-A 0.4 %
TIBCO SOFTWARE INC. 6.5% 31-MAR-2029 0.4 %
AMERICAN AIRLINES, INC. 5.5% 20-APR-2026 0.4 %
DIRECTV FINANCING LLC 5.875% 15-AUG-2027 0.4 %
DISH NETWORK CORPORATION 11.75% 15-NOV-2 0.4 %
CLOUD SOFTWARE GROUP, INC. 9.0% 30-SEP-2 0.4 %
CARNIVAL CORPORATION 5.75% 01-MAR-2027 0.4 %
COLT MERGER SUB, INC. 6.25% 01-JUL-2025 0.3 %
AMERICAN AIRLINES, INC. 5.75% 20-APR-202 0.3 %
Issuer Type Breakdown
Top Issuers
CCO HOLDINGS LLC 2.0 %
FORD MOTOR CREDIT COMPANY LLC 1.8 %
TENET HEALTHCARE CORPORATION 1.3 %
CARNIVAL CORPORATION 1.3 %
AMERICAN AIRLINES, INC. 1.1 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.3% 11.7% 1.9% 1.5% 3.3% 3.0% 4.8%
Market Correlations
versus...BetaR-squared
S&P 5000.4874%
MSCI EAFE0.5075%
MSCI Emg Mkts0.3540%
Liquidity Measures
Avg. volume (000)4,668
Turnover0.0%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$0
Technical Indicators
Recent close$95.35
30d moving avg.$92.15
Annualized volatility9.9%
Relative strength (RSI)74
Short interest (ETF)6.9%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Credit Quality
Duration
Macaulay Duration
SHORT
MED.
LONG TERM

4.4 yrs


Modified Duration
  ◁ INSENSITIVE
EXTREMELY SENSITIVE ▷  

4.2%


Our analysis shows this fund is likely to be relatively insensitive to changes in interest rates

Interest Rate Sensitivity Analysis
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)

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ETF Research Center Fund Rating

The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.


ALTAR Score™

JNK

4.2%

Cat. Avg

4.2%

Fund Category: Corporate

Adj. Yield to Maturity-- bp
Less: Annual "default factor"-- bp
Less: Expenses40 bp
Equals: ALTAR Score™4.2%
ALTAR Score™ vs. Duration (Corporate Bond ETFs)

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
JNK 40.0 1.1 41.1
Peer Avg. 29.6 16.0 45.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.