State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF
SPDR SERIES TRUST · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF is a U.S. bond index ETF that tracks the Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2025 Q4
The State Street SPDR Bloomberg Short Term High Yield Bond ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. high yield short term corporate bond market.
The fund tracks the Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index using a sampling strategy, holding a subset of the index's short-term, below-investment-grade corporate bonds rated between Caa3 and Ba1 with maturities under five years. Because the fund samples rather than holds all index constituents, its portfolio may diverge from the index's composition and performance. The fund may also invest in debt securities outside the index and use derivatives including credit default swaps to track index exposure.
| Share class | Expense ratio |
|---|---|
| SJNK | 0.40% |
Portfolio turnover 64.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 97.83% |
| Cash & short-term | 5.97% |
| Stocks | 0.12% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 47.8% |
| International | 15.1% |
| Cash | 5.7% |
| Consumer Discretionary | 5.0% |
| 10 smaller | 26.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: MERIDIAN ARC HOLDCO LLC, PR RNO PROPERTY OWNER 1, CENTENE CORP ×3, CORE SCIENTIFIC FINANCE, CRC INSURANCE GROUP LLC, CONNECT HOLDING II LLC
Largest exited: NEXSTAR MEDIA INC, VENTURE GLOBAL LNG INC, FRONTIER COMMUNICATIONS, DISCOVERY COMMUNICATIONS ×2, BLOCK INC, VISTRA OPERATIONS CO LLC, UNIVISION COMMUNICATIONS
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.4% |
| Zero-coupon or unclassified | 0.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.0% |
| 1-3y | 39.9% |
| 3-5y | 53.8% |
| 5-10y | 1.4% |
| 10y+ | 0.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 50% |
| Interest rates | 50% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.03 yr |
| Investment grade | +0.04 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.06 yr | 3% |
| 1 yr | 0.99 yr | 47% |
| 5 yr | 1.03 yr | 50% |
| 30 yr | 0.01 yr | 0% |
10 yr is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.06 yr | 3% |
| 1 yr | 0.99 yr | 48% |
| 5 yr | 1.02 yr | 49% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.06 | +0.00 | +0.05 | $816 | $26.7k |
| 1 yr | +0.99 | +0.02 | +0.97 | $9.9k | $471.6k |
| 5 yr | +1.03 | +0.01 | +1.01 | $7.2k | $492.9k |
| 10 yr | -0.01 | +0.00 | +0.00 | $30 | $1.7k |
| 30 yr | +0.01 | +0.00 | +0.00 | $0 | $14 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| GVMXX | State Street Global AdvisorsGVMXX | 5.97% | $291.56M | — |
| — | MERIDIAN ARC HOLDCO LLC6.25% · due 2031-04-30 | 0.65% | $31.77M | — |
| — | ECHOSTAR CORP10.75% · due 2029-11-30 | 0.63% | $30.91M | — |
| — | PR RNO PROPERTY OWNER 16.50% · due 2031-05-01 | 0.51% | $25.03M | — |
| — | CENTENE CORP4.63% · due 2029-12-15 | 0.51% | $24.77M | — |
| — | VENTURE GLOBAL LNG INC9.50% · due 2029-02-01 | 0.44% | $21.45M | — |
| — | CLOUD SOFTWARE GRP INC9.00% · due 2029-09-30 | 0.43% | $21.01M | — |
| — | CLOUD SOFTWARE GRP INC6.50% · due 2029-03-31 | 0.42% | $20.75M | — |
| — | WULF COMPUTE LLC7.75% · due 2030-10-15 | 0.42% | $20.31M | — |
| — | TRANSDIGM INC6.38% · due 2029-03-01 | 0.41% | $20.25M | — |
Top 10 positions are 10.41% of net assets, top 25 15.64%, across 721 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free