SPHY

State Street SPDR Portfolio High Yield Bond ETF

$23.59

+0.00%

Market closed. Last update: 11:40 PM ET

📎 Investment Objective

The SPDR Portfolio High Yield Bond ETF (SPHY) seeks to provide investment results that correspond generally to the performance of the Bloomberg US High Yield Very Liquid Index, which measures the performance of the high yield corporate bond market.

Overview

ETF tracking State Street SPDR Portfolio High Yield Bond ETF

Category Fixed Income

Issuer State Street

Inception Date 2012-06-19

Market Cap $9.2B

Average Volume N/A

Dividend Yield 6.21%

52-Week Range $22.40 - $23.97

VWAP $23.61

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in high-yield, below investment-grade bonds in an attempt to track the performance of the underlying index. The portfolio is diversified across sectors and issuers to manage risk.

✨ Key Features

Provides exposure to the high-yield corporate bond market
Seeks to track the performance of the Bloomberg US High Yield Very Liquid Index
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Credit risk: Investments in high-yield bonds carry a higher risk of default or downgrade
Interest rate risk: Bond prices may decline as interest rates rise
Liquidity risk: High-yield bonds may be less liquid than investment-grade bonds
Concentration risk: The fund is concentrated in the high-yield bond sector

👤 Best For

This ETF may be suitable for investors seeking exposure to the high-yield corporate bond market as part of a diversified fixed-income portfolio. It may be appropriate for investors with a higher risk tolerance who are comfortable with the inherent risks of high-yield bonds.