State Street SPDR Portfolio High Yield Bond ETF

State Street SPDR Portfolio High Yield Bond ETF

SPHY
State Street SPDR Portfolio High Yield Bond ETFUS flagNew York Stock Exchange Arca
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Capital Structure

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Quarterly Revenue

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Quarterly Dividends Per Share

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Business
SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA US High Yield Index. The fund offers investors exposure to a diversified portfolio of USD-denominated, below-investment-grade corporate bonds, including high yield debt securities with fixed coupons, at least one year to maturity, and a minimum amount outstanding of $250 million; the portfolio spans sectors such as consumer cyclical (19.10%), communications (15.00%), energy (12.18%), and consumer non-cyclical (11.54%), with credit quality distributed across BB (45.46%), B (40.34%), CCC or lower (12.41%), and BBB or higher (1.04%). Managed by State Street Global Advisors with a low gross expense ratio of 0.05%, SPHY targets institutional and retail investors seeking high yield fixed income exposure in the taxable bond asset class. Launched on June 18, 2012, and headquartered in Boston, Massachusetts as part of the State Street SPDR family, the ETF trades on NYSE Arca under the ticker SPHY and has grown to approximately $10 billion in assets under management. In April 2019, the fund underwent a major strategic shift by changing its benchmark index from the ICE BofA US Diversified Crossover Corporate Index to the broader ICE BofA US High Yield Index, enhancing its coverage of the junk bond market. Additionally, prior to September 23, 2019, the fund operated under the name SPDR ICE BofAML Broad High Yield Bond ETF with the ticker CJNK, reflecting a rebranding to align with the SPDR Portfolio suite.