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SJLD

GradeDNASDAQ Global Select

SanJac Alpha Low Duration ETF

Treasury & Government Bond · SanJac Alpha · Inception 2024-09-10

$24.90+0.04 (+0.16%)

As of Sep 23, 2026, 10:15 AM EDT

History starts Sep 10, 2024.
Intraday session: up, 4 prints from 24.86 to 24.90. Range 24.76 to 24.90. Use the arrow keys to read each point.$24.75$24.80$24.8510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$2M
1Y return
+3.1%
Yield · Last 12 months
5.16%
Volume · 30D
0M sh
NAV per share
$24.83
52W range
low $24.84high $25.59

The ETF.net SJLD Grade

D

38/ 100

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

Confidence High

Six-pillar profile for SJLD. Scores out of 100: Cost 4, Risk 47, Mission 100, Tradability 0, Holdings 44, Durability 21. Strongest: Mission (100). Weakest: Tradability (0). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 of 100 sits in the D 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 earned39This cap took−0Published score38 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 4
    Category rank15/15 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank7/14 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank10/15 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank15/15 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank14/15 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 21
    Category rank14/15 · bottom quartile

Graded as of Sep 22, 2026

Our read on SJLD

ETF.net Research

DA 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

  1. 01The 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.
  2. 02Exchange-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.
  3. 03Pays 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

  1. 01At 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.
  2. 02Small 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.
  3. 03Launched 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 Holdings

As of Sep 20, 2026, 10:13 AM
Asset class
Bonds
Holdings
—
Top-10 weight
100%
Largest holding
United States Treasury Inflation Indexed Bonds 2.375% 01/15/202739.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Inflation Indexed Bonds 2.375% 01/15/202738.98%869,332$871K6
002—United States Treasury Inflation Indexed Bonds 1.625% 04/15/203027.07%624,161$605K11
003—PennyMac Mortgage Investment Trust 9% 02/15/20306.80%6,000$152K3
004PMTWPennyMac Mortgage Investment Trust 9% 06/15/20306.63%5,900$148K4
005—NextEra Energy Capital Holdings Inc 6.5% 06/01/20854.58%4,500$102K5
006MFAOMFA Financial Inc 9% 08/15/20294.52%4,000$101K2
007—TPG Mortgage Investment Trust Inc 9.5% 05/15/20293.41%3,000$76K2
008CIMOChimera Investment Corp 9.25% 08/15/20293.39%3,000$76K2
009MFANMFA Financial Inc 8.875% 02/15/20293.38%3,000$76K6
010—U.S. Bank Money Market Deposit Account 08/01/20310.88%19,705$20K21
011—Cash & Other0.35%7,903$8K674

Showing 1–11 of 11 holdings

SJLD Performance

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

SJLD$10,309
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. SJLD $10,309. 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 SJLD. Periods over one year show the average yearly return.
PeriodSJLD
Year to date+2.4%
1 month−0.2%
3 months+0.6%
1 year+3.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 SJLD
YearReturn barSJLD
2026 YTD+2.4%
2025+5.2%
2024+0.9%

Since listing, Sep 10, 2024

SJLD in the news

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

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 Sep 22, 2026.
5.16%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

SJLD Risk

How much the fund’s monthly returns vary, scaled to a year.
1.4%
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.
0.20
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.
−1.0%
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.
0.09
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.

SJLD Cost

Expense ratio0.35%
  • The middle half of Treasuries (1-3 Year) funds
  • Median 0.15%

13 of the 15 Treasuries (1-3 Year) funds charge less.

SJLD costs $35.00 a year on $10,000. The median Treasuries (1-3 Year) fund costs $15.00.