SanJac Alpha Low Duration ETF
$24.79−0.05 (−0.21%)
- 0.35%
- $2M
- +2.9%
- 5.17%
- 0M sh
- $24.78
- low $24.78high $25.59
The ETF.net SJLD Grade
D
Score 38 out of 100
- 15 of 15
Score 38 of 100 falls in the D 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
- 39
- This cap took
- −0
- Published Score
- 38
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 14 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 7 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F0 out of 100Rank 15 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 15 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F21 out of 100Rank 14 of 15
Our read on SJLD
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.
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 Holdings
- Bonds
- 9
- 100%
- U.S. Bank Money Market Deposit Account 08/01/2031
SJLD Performance
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$10,288
Returns run to the Oct 12, 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.
| Period | SJLD |
|---|---|
| Year to date | +2.0% |
| 1 month | −0.4% |
| 3 months | 0.0% |
| 1 year | +2.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SJLD |
|---|---|---|
| 2026 YTD | +2.0% | |
| 2025 | +5.2% | |
| 2024 | +0.9% |
SJLD in the news
SJLD Dividends
- 5.17%
- $1.28
- $0.39 per share
- Quarterly
Distribution history
SJLD Risk
- 1.5%
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.
- −0.10
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.
- −1.0%
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.
- 0.09
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
0.35%
SJLD0.35%
- The middle half of Treasuries (1-3 Year) funds
- Median 0.15%
13 of the 15 Treasuries (1-3 Year) funds charge less.
Other funds in Treasuries (1-3 Year)
- BUSSHWisdomTree 1-3 Year Laddered Treasury FundExpense ratio 0.15%1 year return +1.4%
- BNEARiShares Short Duration Bond Active ETFExpense ratio 0.25%1 year return +2.0%
- CFTSDFranklin Short Duration U.S. Government ETFExpense ratio 0.25%1 year return +2.0%
- CCUSTCorgi 1-3 Year Treasury Bond ETFExpense ratio 0.05%1 year return —
- CBWZSPDR Bloomberg Short Term International Treasury Bond ETFExpense ratio 0.35%1 year return −0.9%