Vmbook Online ordering

Spdr Barcap St High Yield Bond Etf

Sure, I'd be happy to provide some general information about the SPDR Barclays Short Term High Yield Bond ETF (symbol: SJNK)!

SJNK is an exchange-traded fund (ETF) that is designed to provide exposure to a diversified portfolio of short-term, high-yield bonds. It seeks to replicate the performance of the Bloomberg Barclays U.S. 1-5 Year High Yield Bond Index, which is a rules-based index consisting of specified fixed-rate, taxable, non-investment grade U.S. dollar-denominated bonds that have a remaining maturity of at least one year and less than five years.

The ETF is managed by State Street Global Advisors, one of the largest asset managers in the world. SJNK has an expense ratio of 0.10%, which is relatively low for a bond ETF.

As of March 31, 2023, SJNK has approximately $12.5 billion in assets under management and holds over 1,000 individual bonds. The fund has an average duration of 2.4 years, which means that it is relatively less sensitive to changes in interest rates compared to longer-term bond funds.

Like other high-yield bond funds, SJNK carries a higher level of credit risk compared to investment-grade bond funds. However, its focus on short-term bonds may help to reduce some of this risk.

Overall, SJNK can be a useful tool for investors who are looking for a relatively low-cost way to gain exposure to the high-yield bond market while also managing duration risk.