The SPDR Bloomberg Short Term High Yield Bond ETF, trading under the ticker SJNK, is a dynamic investment vehicle designed for those seeking exposure to the high-yield bond market with a focus on short-term maturity. As a corporate bond ETF, SJNK provides investors with access to a diversified portfolio of lower-rated corporate bonds, often referred to as "junk bonds," which typically offer higher interest rates due to their increased risk compared to investment-grade securities.
This ETF stands out in its niche by concentrating on bonds with shorter maturities, generally under three years. This strategic focus helps to mitigate some of the interest rate risk associated with longer-term high-yield bonds while still capturing attractive yields. For investors looking to enhance their portfolio's income potential without extending too far into the future, SJNK offers a compelling balance of risk and reward.
The fund leverages the comprehensive capabilities of Bloomberg's bond indices to ensure a broad-based yet targeted approach, capturing the essence of the high-yield market while maintaining a disciplined maturity constraint. As such, SJNK serves as an efficient and accessible means for investors to participate in the high-yield segment, providing both diversification and the potential for enhanced income.
Asset Class
Fixed Income
Region
North America
Issuer
SPDR
Index Tracked
Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y)
Ticker Symbol
SJNK
SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) Fund Flow Chart
SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) 1 year Net Flows: $546M
SJNK ETF FAQ
What was SJNK’s price range in the past 12 months?
SJNK lowest ETF price was $24.67 and its highest was $25.77 in the past 12 months.