Summary
SanJac Alpha Core Plus Bond ETF is an ETF - a fund traded on an exchange like a stock - run by SanJac Alpha. Positions inside: 26. The ten largest make up 102% of the fund.
- Yearly costs
- 0.65%
- Fund size
- $7.43M
- Positions
- 26
- Dividend yield
- 3.89%
- Running since
- 2024
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 102% of the fund, so its result rests on a few names.
- 80% of the fund is in one country (United States).
- Costs of 0.65% a year are above the middle of comparable funds (0.20%).
- A young fund: it has been running only since 2024.
- A small fund with $7.43M under management; small funds get closed more often.
- It trades little: only about $19.3K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.3%
- 3 months
- -1.1%
- This year
- -1.6%
- 1 year
- -2.3%
- Avg. market cap
- $4.83B
- P/E
- 1.2x
- Forward P/E
- -
- P/S
- 0.1x
- P/B
- 0.1x
- P/FCF
- -
- EV/EBITDA
- 4.4x
- Dividend yield
- 9.42%
- ROIC
- 2.3%
- ROE
- 4.3%
- Gross margin
- 76.1%
- Operating margin
- 42.8%
- Net margin
- 6.4%
- Payout ratio
- 11.3%
- Net debt/EBITDA
- 18.1x
- Beta
- 0.13
Weighted average of the 10 largest companies, which make up 24% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 United States Treasury Note/Bond 4.625% 08/15/2036 20%
- 2 U.S. Bank Money Market Deposit Account 08/01/2031 19%
- 3 United States Treasury Note/Bond 4% 05/31/2028 13%
- 4 United States Treasury Note/Bond 3.375% 02/29/2028 11%
- 5 RIRithm Capital Corp. RITM-PD 11%
- 6 United States Treasury Note/Bond 5% 09/30/2033 10%
- 7 United States Treasury Inflation Indexed Bonds 1.625% 04/15/2030 9.0%
- 8 PennyMac Mortgage Investment Trust 9% 02/15/2030 3.3%
- 9 DXDynex Capital, Inc. DX 2.9%
- 10 PMPennyMac Mortgage Investment Trust PMT-PA 2.0%
Positions in the fund: 26. The ten largest make up 102% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One countryBy country
- United States 80%
- Other countries 20%
Largest country: United States (80%).
What does it cost me?
Expensive- A year from $10,000
- $65.00
- Over 20 years
- $3,099
From every $10,000 invested the fund takes $65.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,099.
How has it done?
Losing value- Over the last year
- -2.3%
- Deepest drop
- -3.5%
- Yearly volatility
- 2.8%
Decline over the last year: 2.3%. Deepest drop in these years: 3.5% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.89%
- Payments a year
- 4
- Last payment
- $0.27
Over the last 12 months it paid $0.96 per share, which is 3.89% of today's price. The last payment was $0.27 on Sep 15, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $19.3K
- Shares a day
- 780
On an average day about $19.3K of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 1.2
- Average Bulios Score
- 51 out of 100
Weight by Bulios Fair Price
- Undervalued 79%
- Fairly valued 0.0%
- Overvalued 21%
On average the companies inside trade for 1.2 times their yearly profit. By Fair Price, 79% of the rated weight comes out as undervalued.
Counted from its largest companies (10), which make up 24% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.