JNK

SPDR Bloomberg Barclays 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.


6.1%

Current Yield

5.0 years

Macaulay Duration

6.1%

Yield to Maturity

B1

Median Quality

2.7%

ALTAR Score™
 
Fund Basics
Fund sponsorSSgA Funds Management Inc
CategoryCorporate
Asset classFixed Income
Websitelink...
Inception dateNov 28, 2007
Assets (mns)$13,030
Expense ratio40 bp
Constituent Breakdown
No. of constituents931
No. of distinct issuers540
Coverage87%
Fixed/floating rate99% / 1%
Investment grade4%
Inflation protected0%
Non-standard maturity (callable, etc.)94%
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
ALTICE FRANCE SA 7.375% 01-MAY-2026 0.6 %
TRANSDIGM, INC. 6.25% 15-MAR-2026 0.5 %
CARNIVAL CORPORATION 11.5% 01-APR-2023 0.5 %
CENTENE CORPORATION 4.625% 15-DEC-2029 0.4 %
COLT MERGER SUB, INC. 6.25% 01-JUL-2025 0.4 %
ALTICE FINANCING SA 7.5% 15-MAY-2026 0.3 %
CCO HOLDINGS LLC 5.125% 01-MAY-2027 0.3 %
HCA, INC. 3.5% 01-SEP-2030 0.3 %
OCCIDENTAL PETROLEUM CORPORATION 2.9% 15 0.3 %
1011778 B.C. ULC 5.0% 15-OCT-2025 0.3 %
Issuer Type Breakdown
Top Issuers
CCO HOLDINGS LLC 1.9 %
CENTENE CORPORATION 1.4 %
OCCIDENTAL PETROLEUM CORPORATION 1.4 %
FORD MOTOR CREDIT COMPANY LLC 1.2 %
COMMUNITY HEALTH SYSTEMS, INC. 1.2 %
Historical Performance


Standardized Annual Returns (as of 08/31/2020)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-0.2% 2.7% 4.7% 3.8% 4.9% 5.8% 5.4%
Market Correlations
versus...BetaR-squared
S&P 5000.4366%
MSCI EAFE0.4766%
MSCI Emg Mkts0.3763%
Liquidity Measures
Avg. volume (000)6,430
Turnover0.0%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$0
Technical Indicators
Recent close$104.85
30d moving avg.$105.25
Annualized volatility9.3%
Relative strength (RSI)43
Short interest (ETF)13.1%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  JNK Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


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

5.0 yrs


Modified Duration
  ◁ INSENSITIVE
EXTREMELY SENSITIVE ▷  

4.8%


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

2.7%

Cat. Avg

1.5%

Fund Category: Corporate

Adj. Yield to Maturity-- bp
Less: Annual "default factor"-- bp
Less: Expenses40 bp
Equals: ALTAR Score™2.7%
ALTAR Score™ vs. Duration (Corporate Bond ETFs)

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

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Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.