NYSE Arca · ETF
Invest in SJNK ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) units directly through Paasa.
By Paasa · Updated
SJNK at a glance
- Price
- $24.32-$0.03 (0.14%)
- Expense ratio
- 0.4%
- Day range
- $24.31 – $24.38
- Assets
- $4.6B
- Domicile
- the US
- Holdings
- 1,146
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -2.27%
- 6 months
- -1.76%
- YTD
- -3.97%
- 1 year
- -4.87%
- 5 years
- -11.32%
Price change, excluding dividends.
Top 10 holdings
- 1ECHOSTAR CORP SR SECURED 11/29 10.750.7%
- 2MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.250.7%
- 3PR RNO PROPERTY OWNER 1 SR SECURED 144A 05/31 6.50.5%
- 4CENTENE CORP SR UNSECURED 12/29 4.6250.5%
- 5CLOUD SOFTWARE GRP LLC SECURED 144A 09/29 90.5%
- 6VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.50.5%
- 7TRANSDIGM INC SR SECURED 144A 03/29 6.3750.4%
- 8CLOUD SOFTWARE GRP LLC SR SECURED 144A 03/29 6.50.4%
- 9SV RNO PROPERTY OWNER 1 SR SECURED 144A 03/31 5.8750.4%
- 10CRC INSURANCE GROUP LLC SR SECURED 144A 06/31 7.1250.4%
SJNK holds 1,146 securities in total. These 10 are 5.1% of the fund.
Where the money is invested
Countries
- United States85.8%
- Canada3.8%
- United Kingdom2.0%
- Luxembourg1.8%
- Japan1.2%
- Australia0.9%
How to invest in SJNK from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search SJNK and buy
Find the fund by its ticker, SJNK, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SJNK from India
What SJNK holds
This State Street SPDR exchange-traded fund (ETF) endeavors to replicate the investment performance, encompassing both price appreciation and yield generation, of the Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index, prior to accounting for its operational costs. It provides broad, diversified exposure to U.S. dollar-denominated, short-maturity corporate debt within the high-yield segment.
Hold a dollar asset
SJNK is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one SJNK unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy SJNK from India?
Yes. Indian residents can buy State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does SJNK invest in?
State Street SPDR Bloomberg Short Term High Yield Bond ETF holds 1,146 securities. Its largest holdings are ECHOSTAR CORP SR SECURED 11/29 10.75 (0.7%), MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.25 (0.7%) and PR RNO PROPERTY OWNER 1 SR SECURED 144A 05/31 6.5 (0.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of SJNK?
State Street SPDR Bloomberg Short Term High Yield Bond ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $4.6B.
How are SJNK dividends taxed in India?
State Street SPDR Bloomberg Short Term High Yield Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell SJNK?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one SJNK unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.32, and there is no minimum trade size.
What happens to my SJNK units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.