FMP
SPDR Portfolio High Yield Bond ETF
SPHY
AMEX
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.
23.18 USD
0.02 (0.08628%)
Historical Prices
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About
ceo
N/A
sector
Financial Services
industry
Asset Management - Bonds
exchange
AMEX
Description
The SPDR Portfolio High Yield Bond ETF 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 “Index”).One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes.A low cost ETF that seeks to offer exposure to over a trillion dollars of USD-denominated high yield debt.The index includes publicly issued USD high yield bonds with a below investment grade rating, at least 18 months to final maturity at the time of issuance, at least one year to maturity, a fixed coupon, and a minimum amount outs...
CIK
0001064642
ISIN
US78468R6062
CUSIP
78468R606
Address
N/A
Phone
NA
Country
US
Employee
N/A
IPO Date
Jun 19, 2012
Sector Weightings
Country Weightings
Financial Statement
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Earnings
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SPHY Financial Summary
ISIN
US78468R6062
Exchange
AMEX
Beta
0.81
Market Cap
7.61B
52-Week
22.21-24.07
Volume Avg.
7.15M
Price
23.18
Country
US
Management Assets
7.65B
Total Holdings
1.94k
NAV
23.14
NAV Currency
USD
Upgrades and Downgrades
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Financial Information
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Ratios Analysis
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Free Cashflow
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Balance Sheet Data
Financial Modelling
Discounted Cashflow Model
Discounted Cashflow Model Levered
Free Cashflow Build-Up
Terminal Value
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Weighted Average Cost of Capital
Market Information
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Latest SPHY News
Seeking Alpha
Aug 20, 2024
SPHY: Keep It On A Watch List
Junk bonds offer high yield but come with default risk, which may be mispriced in the current economic cycle. SPDR® Portfolio High Yield Bond ETF provides exposure to diversified high-yield bonds with a low expense ratio. The SPHY fund holds investment-grade corporate bonds with diverse maturities and yields, with a sector composition focused on Consumer Cyclicals, Communications, and Energy.
ETF Trends
Aug 16, 2024
High Yield Bond ETFs Have New Asset Leader
The U.S. high yield bond ETF category has a new asset leader. The iShares Broad USD High Yield Corporate Bond ETF (USHY) is now the largest high yield bond ETF in the market, with assets totaling $15.9 billion as of Aug.15.
The Motley Fool
Aug 11, 2024
3 High-Yield Dividend ETFs to Buy to Generate Passive Income
SPDR Portfolio S&P 500 High Dividend ETF provides passive income from 80 top high-yield dividend stocks. JPMorgan Equity Premium Income ETF supplies monthly income from options premiums.
Seeking Alpha
Jul 3, 2024
U.S. Weekly Fund Flows Insight Report: Equity ETFs Attract $...
During LSEG Lipper's fund flows week that ended June 26, 2024, investors were overall net purchasers of fund assets for the eighth week in 10, adding a net $14.3 billion. Both active and passive fixed income funds saw inflows. Passively managed fixed income funds have recorded four consecutive weekly inflows. Municipal bond conventional funds returned a negative 0.27% over the fund flows week, giving the subgroup its first weekly loss in four.
Seeking Alpha
Jun 14, 2024
SPHY: Giving Up High Yields For Investment Grade (Rating Dow...
SPDR Portfolio High Yield Bond ETF has delivered a decent total return of 17.3% since we initiated our bullish view 18 months ago. However, high-yield bonds are no longer as deeply discounted and attractive enough to generate meaningful alpha in our view. By rotating into investment-grade bonds, we remain well-positioned to benefit from eventual rate cuts by the Fed while avoiding the potential downside risk of high-yield spreads widening.
Seeking Alpha
May 31, 2024
3 Reasons To Pick High-Yield Bonds And Loans Over Equities
Federal Reserve hikes have led to sharply higher rates across fixed-income asset classes. High-yield bonds and senior loans offer particularly attractive yields, in the 7.5% - 10.5% range. Yields are much higher than in the past, and when compared to equities.
ETF Trends
May 2, 2024
Bond ETF Breakdown: High Yield Back in Vogue?
The Federal Reserve just wrapped up another policy meeting, and markets continue to push back their expectations of a first rate cut. As of Wednesday, the federal funds futures market is pricing in 60% odds of a first cut in September.
The Motley Fool
May 1, 2024
3 Top ETFs to Buy for Passive Income in May
The Schwab U.S. Dividend Equity ETF focuses on high-quality, high-yielding dividend stocks. The SPDR Portfolio High Yield Bond ETF enables you to collect income from about 1,900 high-yield bonds.
