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    Expense Ratio Reduction: On March 24, 2021, the net expense ratio for the SPDR® Portfolio High Yield Bond ETF (SPHY) has been reduced to 0.10% from 0.15%, making it the lowest cost high yield ETF offering.1

    Learn More

    1Source: Bloomberg Finance L.P. as of March 24, 2021.

     

    Learn about the importance of a low-cost core and how to build it with SPDR Portfolio ETFs »

    Compare SPHY to similar fixed income funds.

    SPDR® Portfolio High Yield Bond ETF SPHY

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $26.56

    as of Apr 15 2021

    Base Currency

    USD

    Assets Under Management

    $294.84 M

    as of Apr 15 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.10%

    Quick Links

    Key Features

    Key Features

    • 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, covering more than 1,800 issues
    • 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 outstanding of $250M

    About this Benchmark

    About this Benchmark

    The ICE BofA US High Yield Index is market capitalization weighted and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as “junk”) corporate debt publicly issued in the U.S. domestic market. The Index includes securities rated below investment grade (based on an average of Moody’s Investors Service, Inc., Fitch, Inc., and Standard & Poor’s Financial Services, LLC) with at least 18 months remaining to final maturity at the time of issuance and at least one year remaining term to final maturity as of the Index’s rebalancing date. In addition, individual securities of qualifying issuers must have a fixed coupon schedule and a minimum amount outstanding of $250 million.

    Fund Information as of Apr 15 2021

    Fund Information as of Apr 15 2021
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Investment Manager Management Team
    ICE BofA US High Yield Index Jun 18 2012 No 0.10% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
    Benchmark ICE BofA US High Yield Index
    Inception Date Jun 18 2012
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.10%
    Base Currency USD
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Fixed Income, Cash and Currency
    Distributor Distribution Frequency
    State Street Global Advisors Funds Distributors, LLC Monthly
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Apr 15 2021

    Listing Information as of Apr 15 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Jun 19 2012 USD SPHY 78468R606 US78468R6062
    Exchange NYSE ARCA EXCHANGE
    Listing Date Jun 19 2012
    Trading Currency USD
    Ticker SPHY
    CUSIP 78468R606
    ISIN US78468R6062

    Fund Characteristics as of Apr 15 2021

    Fund Characteristics as of Apr 15 2021
    Number of Holdings Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 Average Price Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.
    1,918 6.07% 6.31 $104.36 4.24% 5.78% 3.63 years
    Number of Holdings 1,918
    Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 6.07%
    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 6.31
    Average Price $104.36
    Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 4.24%
    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 5.78%
    Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

    		 3.63 years
    Option Adjusted Spread Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.
    318.90 4.98%
    Option Adjusted Spread 318.90
    Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    		 4.98%

    Index Characteristics as of Apr 15 2021

    Index Characteristics as of Apr 15 2021
    Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
    2,046 5.93% 6.58 $105.41 4.03% 5.63% 3.85 years
    Number of Holdings 2,046
    Average Coupon 5.93%
    Average Maturity in Years 6.58
    Average Price $105.41
    Average Yield To Worst 4.03%
    Current Yield 5.63%
    Option Adjusted Duration 3.85 years
    Option Adjusted Spread Yield to Maturity
    295.35 4.81%
    Option Adjusted Spread 295.35
    Yield to Maturity 4.81%

    Yields as of Apr 15 2021

    Yields as of Apr 15 2021
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
    4.36% 4.36% 5.55%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 4.36%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 4.36%
    Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 5.55%

    Fund Market Price as of Apr 15 2021

    Fund Market Price as of Apr 15 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $26.66 $26.68 $26.68 $26.64 4,611 0.39% 0.08%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $26.66
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $26.68
    Day High $26.68
    Day Low $26.64
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 4,611
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.39%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.08%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020 First Quarter of 2021
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 232 56
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 21 5
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 232
    First Quarter of 2021 56
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 21
    First Quarter of 2021 5
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Apr 15 2021

    Fund Net Cash Amount as of Apr 15 2021
    Net Cash Amount
    $573,936.50
    Net Cash Amount $573,936.50

    Fund Net Asset Value as of Apr 15 2021

    Fund Net Asset Value as of Apr 15 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $26.56 11.10 M $294.84 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $26.56
    Shares Outstanding 11.10 M
    Assets Under Management $294.84 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Jun 18 2012
    Performance
    Month End Quarter End

    as of Mar 31 2021

    as of Mar 31 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Jun 18 2012
    Fund Before Tax
    NAV Mar 31 2021 0.27% 1.23% 1.23% 24.08% 6.46% 6.07% - 5.32%
    Market Value Mar 31 2021 0.82% 1.18% 1.18% 24.74% 6.63% 6.28% - 5.37%
    ICE BofA US High Yield Index Mar 31 2021 0.17% 0.90% 0.90% 23.31% 6.41% 6.11% 5.85% 5.49%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 0.08% 0.85% 0.85% 21.14% 4.16% 3.92% - 3.34%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 0.16% 0.73% 0.73% 14.13% 3.92% 3.69% - 3.20%
    ICE BofA US High Yield Index Mar 31 2021 0.17% 0.90% 0.90% 23.31% 6.41% 6.11% 5.85% 5.49%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Jun 18 2012
    Fund Before Tax
    NAV Mar 31 2021 0.27% 1.23% 1.23% 24.08% 6.46% 6.07% - 5.32%
    Market Value Mar 31 2021 0.82% 1.18% 1.18% 24.74% 6.63% 6.28% - 5.37%
    ICE BofA US High Yield Index Mar 31 2021 0.17% 0.90% 0.90% 23.31% 6.41% 6.11% 5.85% 5.49%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 0.08% 0.85% 0.85% 21.14% 4.16% 3.92% - 3.34%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 0.16% 0.73% 0.73% 14.13% 3.92% 3.69% - 3.20%
    ICE BofA US High Yield Index Mar 31 2021 0.17% 0.90% 0.90% 23.31% 6.41% 6.11% 5.85% 5.49%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Prior to 4/1/2019, the Fund sought to track the ICE BofAML US Diversified Crossover Corporate Index. Effective 4/1/2019, the Fund seeks to track the ICE BofA US High Yield Index. The inception of the ICE BofA US High Yield Index was 8/31/1986. Performance of the Fund shown in the table prior to 4/1/2019 is therefore based on the Fund's investment strategy to track an index different from the ICE BofA US High Yield Index.

    The ICE BofA US High Yield Index reflects linked performance returns of both the ICE BofA US High Yield Index and the ICE BofAML US Diversified Crossover Corporate Index. The index returns are reflective of the ICE BofAML US Diversified Crossover Corporate Index from fund inception until 4/1/2019 and of the ICE BofA US High Yield Index effective 4/1/2019.

    Gross Expense Ratio: 0.10%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 15 2021
    Index Top Holdingsas of Apr 15 2021

    Fund Top Holdings as of Apr 15 2021

    Name Market Value ISIN Weight
    STATE ST INST US GOV MM-G 0 00/00/0000 3,592,393.08 US8574924663 1.20%
    SPRINT CORP 7.875 09/15/2023 1,052,535.94 US85207UAF21 0.35%
    FORD MOTOR COMPANY 9 04/22/2025 990,268.96 US345370CW84 0.33%
    ALTICE FRANCE SA 7.375 05/01/2026 961,665.16 US67054KAA79 0.32%
    CCO HLDGS LLC/CAP CORP 5.875 05/01/2027 900,374.31 US1248EPBK83 0.30%
    FORD MOTOR COMPANY 8.5 04/21/2023 884,551.33 US345370CV02 0.29%
    CARNIVAL CORP 5.75 03/01/2027 862,233.80 US143658BN13 0.29%
    TRANSDIGM INC 6.25 03/15/2026 848,168.49 US893647BE67 0.28%
    AMERICAN AIRLINES INC 11.75 07/15/2025 797,606.25 US023771S586 0.27%
    CAESARS ENTERTAIN INC 6.25 07/01/2025 765,911.52 US28470RAH57 0.26%

    Index Top Holdings as of Apr 15 2021

    Name ISIN Weight
    ALTICE FRANCE SA 7.375 05/01/2026 US67054KAA79 0.36%
    SPRINT CORP 7.875 09/15/2023 US85207UAF21 0.32%
    TRANSDIGM INC 6.25 03/15/2026 US893647BE67 0.30%
    CARNIVAL CORP 11.5 04/01/2023 US143658BC57 0.30%
    FORD MOTOR COMPANY 9 04/22/2025 US345370CW84 0.29%
    FORD MOTOR COMPANY 8.5 04/21/2023 US345370CV02 0.26%
    CENTENE CORP 4.625 12/15/2029 US15135BAT89 0.25%
    CARNIVAL CORP 5.75 03/01/2027 US143658BN13 0.24%
    CAESARS ENTERTAIN INC 6.25 07/01/2025 US28470RAH57 0.24%
    AMERICAN AIRLINES/AADVAN 5.5 04/20/2026 US00253XAA90 0.24%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 15 2021
    Index Sector Breakdownas of Apr 15 2021

    Fund Sector Breakdown as of Apr 15 2021

    Sector Weight
    Corporate - Consumer Cyclical 19.89%
    Corporate - Communications 16.08%
    Corporate - Energy 13.69%
    Corporate - Consumer Non-Cyclical 12.53%
    Corporate - Capital Goods 8.51%
    Corporate - Technology 6.48%
    Corporate - Basic Industry 5.28%
    Corporate - Finance Companies 2.85%
    Corporate - Electric 2.63%
    Corporate - Transportation 2.19%
    Corporate - Insurance 2.05%
    Corporate - REITS 1.97%
    Corporate - Industrial Other 1.42%
    Corporate - Banking 1.33%
    Corporate - Other Financial 1.11%
    Corporate - Brokerage Assetmanagers Exchanges 0.63%
    Other 1.37%

    Index Sector Breakdown as of Apr 15 2021

    Sector Weight
    Corporate - Consumer Cyclical 20.39%
    Corporate - Communications 16.38%
    Corporate - Consumer Non-Cyclical 13.38%
    Corporate - Energy 13.05%
    Corporate - Capital Goods 8.90%
    Corporate - Technology 6.41%
    Corporate - Basic Industry 5.52%
    Corporate - Electric 2.79%
    Corporate - Finance Companies 2.32%
    Corporate - Insurance 2.15%
    Corporate - Transportation 1.90%
    Corporate - REITS 1.88%
    Corporate - Banking 1.72%
    Corporate - Industrial Other 1.33%
    Corporate - Other Financial 0.73%
    Corporate - Brokerage Assetmanagers Exchanges 0.47%
    Other 0.69%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Apr 15 2021
    Index Quality Breakdownas of Apr 15 2021

    Fund Quality Breakdown as of Apr 15 2021

    Name Weight
    BBB or Higher 1.47%
    BB 50.16%
    B 35.24%
    CCC or Lower 13.03%
    Not Rated 0.10%

    Index Quality Breakdown as of Apr 15 2021

    Name Weight
    BBB or Higher 0.83%
    BB 52.83%
    B 33.29%
    CCC or Lower 13.05%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 15 2021
    Index Maturity Ladderas of Apr 15 2021

    Fund Maturity Ladder as of Apr 15 2021

    Name Weight
    0 - 1 Year 1.17%
    1 - 2 Years 4.39%
    2 - 3 Years 5.83%
    3 - 5 Years 31.09%
    5 - 7 Years 27.78%
    7 - 10 Years 23.09%
    10 - 15 Years 2.26%
    15 - 20 Years 1.85%
    20 - 30 Years 2.49%
    > 30 Years 0.04%

    Index Maturity Ladder as of Apr 15 2021

    Name Weight
    1 - 2 Years 4.42%
    2 - 3 Years 5.72%
    3 - 5 Years 28.87%
    5 - 7 Years 28.20%
    7 - 10 Years 25.38%
    10 - 15 Years 2.86%
    15 - 20 Years 1.84%
    20 - 30 Years 2.57%
    > 30 Years 0.14%
    Fund Documents
    Tax Documents
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR Portfolio High Yield Bond ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    The ICE BofA US High Yield Index reflects linked performance returns of both the ICE BofA US High Yield Index and the ICE BofAML US Diversified Crossover Corporate Index. The index returns are reflective of the ICE BofAML US Diversified Crossover Corporate Index from fund inception until 4/1/2019 and of the ICE BofA US High Yield Index effective 4/1/2019.

    Effective April 1, 2019, the Fund's benchmark index changed from the ICE BofAML US Diversified Crossover Corporate Index (the “Previous Benchmark Index”) to the ICE BofA US High Yield Index, consistent with a change in the Fund's principal investment strategy to track the performance of the new index.

    Prior to 09/23/2019, the SPDR® Portfolio High Yield Bond ETF was known as the SPDR® ICE BofAML Broad High Yield Bond ETF.

    Prior to 09/23/2019, the ticker for SPHY was CJNK.

    "ICE Data" and "the ICE BofA US High Yield Index" (the "Index") are trademarks of Ice Data Indices, LLC or its affiliates, and have been licensed for use by SSGA. ICE Data has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product, nor makes any representation or warranty, express or implied, to the owners of the licensee’s products or any member of the public regarding the licensee’s products or the advisability of investing in the licensees products, particularly the ability of the Index to track performance of any market or strategy. ICE DATA DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN AND ICE DATA SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, UNAVAILABILITY, OR INTERRUPTIONS THEREIN.

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    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
     

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    Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC,  an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
     

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    Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
     

    All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.

    Information for Non-U.S. Investors:
     

    The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
     

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

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