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SPDR® Portfolio High Yield Bond ETF SPHY

Important Risk Disclosure

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.

Investing in high yield fixed income securities, otherwise known as “junk bonds”, is considered speculative and involves greater risk of loss of principal and interest than investing in investment grade fixed income securities. These Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”); however, the Fund may become “non-diversified,” as defined under the 1940 Act, solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

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.

Intellectual Property Information: Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

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.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

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

$23.83

as of Aug 16 2022

Base Currency

USD

Assets Under Management

$814.92 M

as of Aug 16 2022

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%


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
  • 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 Aug 17 2022

Fund Information as of Aug 17 2022
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 Administrator Investment Manager
ICE BofA US High Yield Index Jun 18 2012 No 0.10% USD State Street Global Advisors Funds Management Inc. SSGA Funds Management, Inc.
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
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Distributor Distribution Frequency
Global Fixed Income, Cash and Currency State Street Global Advisors Funds Distributors, LLC Monthly
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Aug 17 2022

Listing Information as of Aug 17 2022
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 Aug 16 2022

Fund Characteristics as of Aug 16 2022
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.

1,990 5.80% 5.86 $92.42 7.55% 6.33% 3.92 years
Number of Holdings 1,990
Average Coupon

Average Coupon

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

5.80%
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.

5.86
Average Price $92.42
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.

7.55%
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.

6.33%
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.

3.92 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.

422.61 7.59%
Option Adjusted Spread 422.61
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.

7.59%

Index Characteristics as of Aug 16 2022

Index Characteristics as of Aug 16 2022
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
1,966 5.74% 5.90 $92.79 7.48% 6.26% 3.95 years
Number of Holdings 1,966
Average Coupon 5.74%
Average Maturity in Years 5.90
Average Price $92.79
Average Yield To Worst 7.48%
Current Yield 6.26%
Option Adjusted Duration 3.95 years
Option Adjusted Spread Yield to Maturity
415.08 7.52%
Option Adjusted Spread 415.08
Yield to Maturity 7.52%

Yields as of Aug 16 2022

Yields as of Aug 16 2022
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 Distribution Yield

Fund Distribution Yield

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

7.60% 7.60% 5.62%
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.

7.60%
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.

7.60%
Fund Distribution Yield

Fund Distribution Yield

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

5.62%

Fund Market Price as of Aug 16 2022

Fund Market Price as of Aug 16 2022
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.

$23.86 $23.84 $23.91 $23.84 24,764 0.11% 0.09%
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.

$23.86
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$23.84
Day High $23.91
Day Low $23.84
Exchange Volume (Shares)

Exchange Volume (shares)

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

24,764
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)

0.11%
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.

0.09%
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 2021 First Quarter of 2022 Second Quarter of 2022
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

221 29 27
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

31 33 35
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

Calendar Year 2021 221
First Quarter of 2022 29
Second Quarter of 2022 27
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

Calendar Year 2021 31
First Quarter of 2022 33
Second Quarter of 2022 35
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 Aug 16 2022

Fund Net Cash Amount as of Aug 16 2022
Net Cash Amount
$10,588,663.17
Net Cash Amount $10,588,663.17

Fund Net Asset Value as of Aug 16 2022

Fund Net Asset Value as of Aug 16 2022
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
$23.83 34.20 M $814.92 M
NAV

NAV

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

$23.83
Shares Outstanding 34.20 M
Assets Under Management $814.92 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Jun 18 2012

as of Jul 31 2022

as of Jun 30 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jun 18 2012
Fund Before Tax
NAV Jul 31 2022 5.79% 5.79% -8.61% -7.40% 2.19% 2.82% 3.83% 4.13%
Market Value Jul 31 2022 6.10% 6.10% -8.30% -6.98% 2.38% 2.90% 3.77% 4.20%
ICE BofA US High Yield Index Jul 31 2022 6.02% 6.02% -8.86% -7.73% 1.75% 2.73% 3.97% 4.24%
Fund After Tax
Return after Taxes on Distributions Jul 31 2022 5.55% 5.55% -9.64% -9.36% -0.14% 0.65% 1.83% 2.14%
Return after Taxes on Distributions and Sale of Fund Shares Jul 31 2022 3.42% 3.42% -5.09% -4.33% 0.72% 1.24% 2.06% 2.31%
ICE BofA US High Yield Index Jul 31 2022 6.02% 6.02% -8.86% -7.73% 1.75% 2.73% 3.97% 4.24%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jun 18 2012
Fund Before Tax
NAV Jun 30 2022 -6.68% -9.71% -13.61% -12.19% 0.47% 1.86% 3.50% 3.59%
Market Value Jun 30 2022 -6.74% -9.39% -13.57% -12.08% 0.59% 1.78% 3.35% 3.62%
ICE BofA US High Yield Index Jun 30 2022 -6.81% -9.97% -14.04% -12.66% -0.04% 1.71% 3.61% 3.67%
Fund After Tax
Return after Taxes on Distributions Jun 30 2022 -6.87% -10.22% -14.40% -14.00% -1.82% -0.28% 1.52% 1.61%
Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2022 -3.95% -5.73% -8.02% -7.09% -0.52% 0.56% 1.85% 1.92%
ICE BofA US High Yield Index Jun 30 2022 -6.81% -9.97% -14.04% -12.66% -0.04% 1.71% 3.61% 3.67%

Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. 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.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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 Aug 16 2022
Index Top Holdingsas of Aug 16 2022

Fund Top Holdings as of Aug 16 2022

Name Market Value ISIN Weight
TRANSDIGM INC 6.25 03/15/2026 2,860,245.13 US893647BE67 0.35%
SPRINT CORP 7.875 09/15/2023 2,805,339.47 US85207UAF21 0.35%
MOZART DEBT MERGER SUB 3.875 2,460,073.43 - 0.30%
AMERICAN AIRLINES/AADVAN 5.5 04/20/2026 2,180,454.13 US00253XAA90 0.27%
CAESARS ENTERTAIN INC 6.25 07/01/2025 2,144,731.75 US28470RAH57 0.26%
DIRECTV FIN LLC/COINC 5.875 08/15/2027 2,124,549.85 US25461LAA08 0.26%
CENTENE CORP 4.625 12/15/2029 2,117,215.28 US15135BAT89 0.26%
CARNIVAL CORP 5.75 03/01/2027 1,883,839.04 US143658BN13 0.23%
INTELSAT JACKSON HLDG 144A 6.5 03/15/2030 1,858,863.40 - 0.23%
CARVANA CO 10.25 05/01/2030 1,835,384.42 US146869AJ18 0.23%

Index Top Holdings as of Aug 16 2022

Name ISIN Weight
TRANSDIGM INC 6.25 03/15/2026 US893647BE67 0.35%
SPRINT CORP 7.875 09/15/2023 US85207UAF21 0.34%
MEDLINE BORROWER LP 3.875 04/01/2029 US62482BAA08 0.31%
DIRECTV FIN LLC/COINC 5.875 08/15/2027 US25461LAA08 0.27%
CENTENE CORP 4.625 12/15/2029 US15135BAT89 0.26%
CAESARS ENTERTAIN INC 6.25 07/01/2025 US28470RAH57 0.26%
AMERICAN AIRLINES/AADVAN 5.5 04/20/2026 US00253XAA90 0.26%
CCO HLDGS LLC/CAP CORP 5.125 05/01/2027 US1248EPBT92 0.24%
CARNIVAL CORP 5.75 03/01/2027 US143658BN13 0.23%
CARVANA CO 10.25 05/01/2030 US146869AJ18 0.22%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Aug 16 2022
Index Sector Breakdownas of Aug 16 2022

Fund Sector Breakdown as of Aug 16 2022

Sector Weight
Corporate - Consumer Cyclical 20.93%
CORPORATE - COMMUNICATIONS 16.48%
CORPORATE - ENERGY 12.81%
Corporate - Consumer Non-Cyclical 11.47%
Corporate - Capital Goods 9.06%
Corporate - Technology 6.37%
Corporate - Basic Industry 4.89%
Corporate - Finance Companies 2.87%
Corporate - Insurance 2.62%
Corporate - Electric 2.51%
Corporate - Transportation 2.23%
Corporate - REITS 2.13%
Corporate - Industrial Other 1.38%
Corporate - Banking 1.34%
Corporate - Other Financial 1.31%
Corporate - Brokerage Assetmanagers Exchanges 0.89%
OTHER 0.72%

Index Sector Breakdown as of Aug 16 2022

Sector Weight
Corporate - Consumer Cyclical 21.05%
CORPORATE - COMMUNICATIONS 16.62%
CORPORATE - ENERGY 12.48%
Corporate - Consumer Non-Cyclical 11.79%
Corporate - Capital Goods 9.30%
Corporate - Technology 6.56%
Corporate - Basic Industry 4.75%
Corporate - Finance Companies 2.71%
Corporate - Insurance 2.58%
Corporate - Electric 2.51%
Corporate - Transportation 2.30%
Corporate - REITS 2.00%
Corporate - Banking 1.39%
Corporate - Industrial Other 1.31%
Corporate - Other Financial 1.16%
Corporate - Brokerage Assetmanagers Exchanges 0.86%
OTHER 0.62%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Aug 16 2022
Index Quality Breakdownas of Aug 16 2022

Fund Quality Breakdown as of Aug 16 2022

Name Weight
BBB or Higher 0.65%
BB 49.28%
B 36.80%
CCC or Lower 12.43%
Not Rated 0.01%

Index Quality Breakdown as of Aug 16 2022

Name Weight
BBB or Higher 0.24%
BB 50.17%
B 36.06%
CCC or Lower 12.32%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Aug 16 2022
Index Maturity Ladderas of Aug 16 2022

Fund Maturity Ladder as of Aug 16 2022

Name Weight
0 - 1 Year 0.65%
1 - 2 Years 3.80%
2 - 3 Years 10.33%
3 - 5 Years 28.24%
5 - 7 Years 32.35%
7 - 10 Years 20.47%
10 - 15 Years 1.74%
15 - 20 Years 0.91%
20 - 30 Years 1.39%
> 30 Years 0.12%

Index Maturity Ladder as of Aug 16 2022

Name Weight
1 - 2 Years 4.14%
2 - 3 Years 10.14%
3 - 5 Years 27.50%
5 - 7 Years 32.73%
7 - 10 Years 21.69%
10 - 15 Years 1.62%
15 - 20 Years 0.76%
20 - 30 Years 1.27%
> 30 Years 0.14%

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.