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Launched

SanJac Alpha Low Duration ETF

SJLDNasdaqSanJac AlphaC

$24.88−0.04 (−0.16%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 15 of 15 in Treasuries (1-3 Year)

C40/100Rank 15 of 15inTreasuries (1-3 Year)
Intraday session: down, 73 prints from 24.92 to 24.88. Range 24.88 to 24.96. Use the arrow keys to read each point.24.9024.9424.9610 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$2M
1Y total return
+3.0%
Yield · Last 12 months
5.14%
Holdings
9
Avg volume · 30D
181 sh
52W range
low $24.77high $25.59
Launched

The ETF.net SJLD Grade

C

Score 40 out of 100

Category
Treasuries (1-3 Year)⁠
Rank
15 of 15
Six-pillar profile for SJLD. Scores out of 100: Cost 4, Risk 59, Mission 100, Tradability 11, Holdings 25, Durability 22. Strongest: Mission (100). Weakest: Cost (4). Leans toward Mission.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
40
This cap took
0
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F4 out of 100
    Rank 14 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 14

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 2 of 15

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F11 out of 100
    Rank 15 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D25 out of 100
    Rank 15 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F22 out of 100
    Rank 13 of 15

Our read on SJLD

ETF.net Research

In short

CA boutique take on the short-Treasury shelf: SJLD keeps duration short with T-bills and Treasuries, but can also reach into exchange-listed debt, a wrinkle the giant index funds in this corner don't have.

Stated mandate

Seeks income while maintaining low duration by investing primarily in short-duration U.S. Treasury securities, Treasury bills and exchange-traded debt.

Why people hold it

  • The mandate is refreshingly narrow: short-duration U.S. Treasuries and T-bills, built so a move in rates moves the price less than it would in a long-bond fund.
  • Exchange-traded debt sits inside the mandate alongside Treasuries, giving the manager an income lever that pure 1-3 year Treasury index trackers simply don't carry.
  • Pays shareholders on a quarterly schedule, and it's a standard 1940 Act fund, so you get a 1099 rather than a K-1 at tax time.

Worth knowing

  • At 0.35%, the fee runs well above the typical short-Treasury fund, and the shelf's index heavyweights (VGSH, SCHO, SPTS) charge single-digit basis points.
  • Small asset base and thin trading. Spreads tend to be wider here than in the multi-billion-dollar rivals, so the cost of getting in and out is part of the math.
  • Launched in 2024, so the record is short and hasn't yet run through a full rate cycle the way the decades-old names in this category have.

SJLD Performance

Launched Sep 10, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
SJLD$10,295
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SJLD $10,295. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 SJLD. Periods over one year show the average yearly return.
PeriodSJLD
Year to date+2.6%
1 month+0.6%
3 months+0.3%
1 year+3.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 SJLD
YearReturn barSJLD
2026 YTD+2.6%
2025+5.2%
2024+0.9%

Since listing, Sep 10, 2024

SJLD in the news

SJLD 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 Oct 30, 2026.
5.14%Last 12 months
Payout per share
$1.28Last 12 months
Last payment
$0.39 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 $0.31; Mar 18, 2025 $0.18; Jun 17, 2025 $0.28; Sep 16, 2025 $0.22; Dec 16, 2025 $0.27; Mar 17, 2026 $0.24; Jun 16, 2026 $0.39; Sep 15, 2026 $0.39. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 16, 2026$0.39
Jun 16, 2026Jun 17, 2026$0.39
Mar 17, 2026Mar 18, 2026$0.24
Dec 16, 2025Dec 17, 2025$0.27
Sep 16, 2025Sep 17, 2025$0.22
Jun 17, 2025Jun 18, 2025$0.28
Mar 18, 2025Mar 19, 2025$0.18
Dec 18, 2024Dec 19, 2024$0.31

$10,000 in SJLD 1 year ago paid $503 in dividends.

SJLD Risk

Risk pillarB59 out of 100Rank 2 of 15 in Treasuries (1-3 Year)
How much the fund’s monthly returns vary, scaled to a year.
1.4%
Annualised · 25 months to Oct 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.
−0.02
vs 3-month T-bills · 25 months to Oct 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.
−1.0%
25 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.
0.09
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.

FMP measures it over up to five years of monthly returns.

SJLD Cost

Compare SJLD and VGSH

Overpaying vs VGSH, tied cheapest in Treasuries (1-3 Year)

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SJLD 0.35%

    $7,126

  • VGSH 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • SJLD 0.35%
  • VGSH 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530SJLD $7,126VGSH $638

Year by year

YearSJLDVGSHOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488

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