State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Apr 9, 2012
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Bloomberg U.S. High Yield 350m or Less Total Return Index. The fund invests at least 80% of its total assets in securities that comprise the index, which tracks publicly issued U.S. dollar-denominated high yield corporate bonds with maturities of less than or equal to 350 days; non-investment grade securities rated BB+ or higher by S&P or Fitch or Ba1 or higher by Moody's; and fixed-rate, floating-rate and variable-rate bonds. It offers exposure to short-term high yield bonds issued by U.S. and non-U.S. corporations across diverse sectors including energy, consumer cyclicals, and materials, with holdings diversified among hundreds of issuers to mitigate credit risk. SJNK employs a representative sampling strategy to replicate index performance, holding a portfolio that mirrors the index's characteristics such as duration, sector allocation, and credit quality. The ETF is managed by State Street Global Advisors (SSGA), issuer of the SPDR family of ETFs, and was launched in 2012 with headquarters in Boston, Massachusetts; it primarily serves institutional and retail investors seeking income from high yield debt with reduced interest rate sensitivity due to its short duration profile of around 0.5 years. Recent developments include index rebalancing enhancements in 2024 to improve liquidity tracking amid rising short-term high yield issuance, alongside SSGA's strategic expansion of ESG-screened variants within the SPDR fixed income suite, though SJNK remains a core non-ESG offering.