I last covered the SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK), a short-term high-yield bond ETF, in late 2022. In that article, I argued that SJNK's good, growing yield and low rate risk made the fund a buy. SJNK has significantly outperformed broad bond indexes since, slightly outperformed those focused on high-yield bonds. Dividend growth has been strong too, with yields rising to 7.3%. SJNK's fundamentals remain strong, and so the fund remains a buy. SJNK is a simple short-term high-yield bond index ETF, tracking the Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index.