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SJCP

GradeFNASDAQ Global Market

SanJac Alpha Core Plus Bond ETF

Core US Bond · SanJac Alpha · Inception 2024-09-10

$24.78−0.02 (−0.08%)

As of Sep 23, 2026, 1:30 PM EDT

History starts Sep 10, 2024.
Intraday session: down, 6 prints from 24.80 to 24.78. Range 24.76 to 24.79. Use the arrow keys to read each point.$24.76$24.77$24.7910 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$7M
1Y return
+2.5%
Yield · Last 12 months
3.88%
Volume · 30D
0M sh
NAV per share
$24.76
52W range
low $24.68high $25.50

The ETF.net SJCP Grade

F

22/ 100

Rank 112 of 118 in US Aggregate Bond

Confidence High

Six-pillar profile for SJCP. Scores out of 100: Cost 8, Risk 81, Mission 10, Tradability 12, Holdings 25, Durability 27. Strongest: Risk (81). Weakest: Cost (8). Leans toward Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 22 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned23This cap took0Published score22 Grade F
  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 8
    Category rank109/118 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 10
    Category rank100/100 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 81
    Category rank8/117 · top 7%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    Category rank108/118 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 25
    Category rank111/117 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 27
    Category rank103/118 · bottom quartile

Graded as of Sep 22, 2026

Our read on SJCP

ETF.net Research

FA boutique's hand-picked answer to the index Agg. SanJac's managers choose the bonds themselves, aiming for current income and total return with limited volatility and preservation of capital. Small, new, and priced like a specialist.

Stated mandate

The Fund seeks current income and total returns consistent with limited volatility and preservation of capital.

Why people hold it

  1. 01Actively managed, not index-shackled: the stated goal is current income and total return consistent with limited volatility and preservation of capital.
  2. 02Plain wrapper, plain plumbing: a US-focused 1940 Act ETF that pays income quarterly. No K-1 exotica, no derivatives-driven payout formula.
  3. 03Volatility has been the strong suit so far: price swings have run milder than much of the aggregate-bond peer group, though the record is short.

Worth knowing

  1. 010.65% a year is real money in bond land, where index anchors like BND and SPAB charge a sliver of that. You are paying for the manager's judgment.
  2. 02Small asset base and thin trading, so bid-ask spreads can be wider than the category's household names.
  3. 03Launched in 2024, and it currently sits in the lower reaches of a crowded aggregate-bond field on our review of cost, scale and mandate evidence.

SJCP Holdings

As of Sep 20, 2026, 10:13 AM
Asset class
Bonds
Holdings
Top-10 weight
92%
Largest holding
United States Treasury Inflation Indexed Bonds 2.375% 01/15/202721.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001United States Treasury Inflation Indexed Bonds 2.375% 01/15/202721.78%1,614,473$2M6
002United States Treasury Inflation Indexed Bonds 0.375% 01/15/202716.68%1,244,151$1M10
003United States Treasury Note/Bond 4% 05/31/202813.30%1,000,000$988K19
004United States Treasury Note/Bond 3.375% 02/29/202811.24%850,000$835K17
005RITM-PDRithm Capital Corp 7% 11/16/21749.12%26,800$677K12
006United States Treasury Inflation Indexed Bonds 1.625% 04/15/20308.90%681,857$661K11
007PennyMac Mortgage Investment Trust 9% 02/15/20303.43%10,074$255K3
008DXDynex Capital Inc3.30%20,400$245K65
009PMT-PAPennyMac Mortgage Investment Trust 8.125% 09/15/21752.19%7,412$162K6
010XELLLXcel Energy Inc 6.25% 10/15/20852.01%6,800$149K15
011MFAOMFA Financial Inc 9% 08/15/20291.37%4,042$102K2
012CIMOChimera Investment Corp 9.25% 08/15/20291.36%4,000$101K2
013NextEra Energy Capital Holdings Inc 6.5% 06/01/20851.13%3,700$84K5
014CIMNChimera Investment Corp 9% 05/15/20290.88%2,600$65K3
015DUKBDuke Energy Corp 5.625% 09/15/20780.84%3,000$63K8

Showing 1–15 of 24 holdings

SJCP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SJCP$10,254
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SJCP $10,254. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SJCP. Periods over one year show the average yearly return.
PeriodSJCP
Year to date+1.2%
1 month−0.4%
3 months+0.2%
1 year+2.5%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SJCP
YearReturn barSJCP
2026 YTD+1.2%
2025+6.3%
2024−0.3%

Since listing, Sep 10, 2024

SJCP in the news

ETF.net Research hasn’t filed on SJCP yet — coverage lands here as it’s written.

SJCP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.88%Last 12 months
Payout per share
$0.96Last 12 months
Last payment
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.32; Mar 18, 2025 $0.13; Jun 17, 2025 $0.32; Sep 16, 2025 $0.26; Dec 16, 2025 $0.31; Mar 17, 2026 $0.21; Jun 16, 2026 $0.17; Sep 15, 2026 $0.27. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 16, 2026$0.27
Jun 16, 2026Jun 17, 2026$0.17
Mar 17, 2026Mar 18, 2026$0.21
Dec 16, 2025Dec 17, 2025$0.31
Sep 16, 2025Sep 17, 2025$0.26
Jun 17, 2025Jun 18, 2025$0.32
Mar 18, 2025Mar 19, 2025$0.13
Dec 18, 2024Dec 19, 2024$0.32

SJCP Risk

How much the fund’s monthly returns vary, scaled to a year.
2.2%
Annualised · 23 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.15
vs 3-month T-bills · 23 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.0%
24 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.12
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SJCP Cost

Expense ratio0.65%
  • The middle half of US Aggregate Bond funds
  • Median 0.34%

101 of the 112 US Aggregate Bond funds charge less.

SJCP costs $65.00 a year on $10,000. The median US Aggregate Bond fund costs $34.00.