State Street Blackstone High Income ETF
HYBL
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Feb 17, 2022
- CIK
- 0001516212
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Blackstone High Income ETF (HYBL) is an actively managed exchange-traded fund that seeks to provide risk-adjusted total return and high current income, with less volatility than the general high yield bond and senior loan segments over full market cycles, through investments in U.S. dollar-denominated high yield corporate bonds, senior loans, and debt tranches of U.S. collateralized loan obligations (CLOs) of any maturity. The fund employs a top-down asset allocation approach to determine relative weights across these asset classes, complemented by bottom-up security selection; it holds approximately 688 positions, including notable exposures to issuers such as Fair Isaac Corporation, TransDigm Inc., and Allied Universal Holdco, with a weighted average yield around 7% and monthly distributions. Issued by State Street Global Advisors (SSGA), now rebranded as State Street Investment Management and founded in 1978 with headquarters in Boston, Massachusetts, HYBL leverages Blackstone Credit as sub-adviser, building on their prior collaboration via the SPDR Blackstone Senior Loan ETF (SRLN). HYBL targets income-oriented investors, including institutional and individual clients seeking exposure to below-investment-grade credit markets with professional active management; it operates primarily in U.S. fixed income markets, with assets under management of approximately $480-530 million and an expense ratio of 0.70%. Launched on February 17, 2022, the fund tracks performance relative to a composite benchmark blending high yield bonds and senior loans, while also benchmarking against the Bloomberg U.S. Aggregate Bond Index. In recent developments, HYBL executed a strategic shift in 2025 toward longer-duration, lower-risk assets, including higher-quality CLO tranches, SOFR floors, and reduced exposure to speculative-grade CCC-rated debt, enhancing yield-risk balance amid elevated interest rates and delivering an 8.36% one-year NAV return through July 31, 2025, outperforming benchmarks. The fund maintained capital stability throughout 2025, achieving a total return of 7.38% with minimal price volatility and a distribution yield of 7.26%, alongside a 30-day SEC yield of 6.76-6.79%. SSGA and Blackstone Credit announced plans in September 2025 to launch a new European CLO ETF, signaling further expansion of their partnership into international credit strategies.