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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.
Benchmark | ICE BofA US High Yield Index |
Inception Date | Jun 18 2012 |
Options Available | No |
Gross Expense Ratio | 0.10% |
Base Currency | USD |
Administrator | State Street Global Advisors Funds Management Inc. |
Investment Manager | SSGA Funds Management, Inc. |
Management Team | Global Fixed Income, Cash and Currency |
Distributor | State Street Global Advisors Funds Distributors, LLC |
Distribution Frequency | Monthly |
Exchange | Listing Date | Trading Currency | Ticker | CUSIP | ISIN |
---|---|---|---|---|---|
NYSE ARCA EXCHANGE | Jun 19 2012 | USD | SPHY | 78468R606 | US78468R6062 |
Number of Holdings | 1,946 |
Average Coupon | 5.83% |
Average Maturity in Years | 5.39 |
Average Price | $88.20 |
Average Yield To Worst | 8.93% |
Option Adjusted Duration | 3.76 years |
Option Adjusted Spread | 515.53 |
Yield to Maturity | 8.95% |
Number of Holdings | 1,916 |
Average Coupon | 5.86% |
Average Maturity in Years | 5.38 |
Average Price | $88.96 |
Average Yield To Worst | 8.90% |
Option Adjusted Duration | 3.75 years |
Option Adjusted Spread | 511.59 |
Yield to Maturity | 8.92% |
30 Day SEC Yield | 8.76% |
30 Day SEC Yield (Unsubsidized) | 8.76% |
Fund Distribution Yield | 6.65% |
Bid/Ask | $22.42 |
Closing Price | $22.44 |
Day High | $22.60 |
Day Low | $22.35 |
Exchange Volume (Shares) | 79,816 |
Premium/Discount | -0.17% |
30-Day Median Bid/Ask Spread | 0.04% |
Calendar Year 2022 | |
---|---|
Days Traded at Premium | 139 |
Days Traded at Discount | 112 |
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.
Net Cash Amount | $17,297,621.22 |
NAV | $22.46 |
Shares Outstanding | 46.10 M |
Assets Under Management | $1,035.32 M |
as of Feb 28 2023
As Of | 1 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Jun 18 2012 |
|
---|---|---|---|---|---|---|---|---|---|
Fund Before Tax | |||||||||
NAV | Feb 28 2023 | -1.27% | 2.51% | 2.51% | -5.21% | 1.54% | 2.87% | 3.40% | 3.92% |
Market Value | Feb 28 2023 | -1.56% | 2.10% | 2.10% | -5.42% | 1.46% | 2.81% | 3.34% | 3.92% |
Benchmark | Feb 28 2023 | -1.29% | 2.56% | 2.56% | -5.52% | 1.14% | 2.72% | 3.51% | 4.00% |
Fund After Tax | |||||||||
Return after Taxes on Distributions | Feb 28 2023 | -1.50% | 2.28% | 2.28% | -7.62% | -0.82% | 0.61% | 1.33% | 1.88% |
Return after Taxes on Distributions and Sale of Fund Shares | Feb 28 2023 | -0.75% | 1.49% | 1.49% | -3.10% | 0.21% | 1.25% | 1.69% | 2.13% |
Benchmark | Feb 28 2023 | -1.29% | 2.56% | 2.56% | -5.52% | 1.14% | 2.72% | 3.51% | 4.00% |
as of Dec 31 2022
As Of | 1 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Jun 18 2012 |
|
---|---|---|---|---|---|---|---|---|---|
Fund Before Tax | |||||||||
NAV | Dec 31 2022 | -0.67% | 4.04% | -10.76% | -10.76% | 0.20% | 2.03% | 3.18% | 3.73% |
Market Value | Dec 31 2022 | -1.46% | 4.92% | -10.61% | -10.61% | 0.25% | 2.01% | 3.12% | 3.77% |
Benchmark | Dec 31 2022 | -0.75% | 3.98% | -11.22% | -11.22% | -0.23% | 1.88% | 3.32% | 3.81% |
Fund After Tax | |||||||||
Return after Taxes on Distributions | Dec 31 2022 | -1.15% | 3.06% | -12.98% | -12.98% | -2.12% | -0.19% | 1.12% | 1.70% |
Return after Taxes on Distributions and Sale of Fund Shares | Dec 31 2022 | -0.39% | 2.39% | -6.34% | -6.34% | -0.77% | 0.64% | 1.53% | 1.99% |
Benchmark | Dec 31 2022 | -0.75% | 3.98% | -11.22% | -11.22% | -0.23% | 1.88% | 3.32% | 3.81% |
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.
Index Change: “Benchmark” 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 to present.
Gross Expense Ratio: 0.10%
Name | Market Value | ISIN | Weight |
---|---|---|---|
TRANSDIGM INC 6.25 03/15/2026 | 3,435,582.26 | US893647BE67 | 0.33% |
MOZART DEBT MERGER SUB 3.875 04/01/2029 | 3,243,505.42 | US62482BAA08 | 0.31% |
CLOUD SOFTWARE GRP HOLDG 6.5 03/31/2029 | 3,050,537.10 | US88632QAE35 | 0.30% |
AMERICAN AIRLINES/AADVAN 5.5 04/20/2026 | 2,920,210.61 | US00253XAA90 | 0.28% |
DIRECTV FIN LLC/COINC 5.875 08/15/2027 | 2,775,423.47 | US25461LAA08 | 0.27% |
DISH NETWORK CORP 11.75 11/15/2027 | 2,767,477.22 | US25470MAG42 | 0.27% |
CCO HLDGS LLC/CAP CORP 5.125 05/01/2027 | 2,621,050.21 | US1248EPBT92 | 0.25% |
AMERICAN AIRLINES/AADVAN 5.75 04/20/2029 | 2,608,192.05 | US00253XAB73 | 0.25% |
CAESARS ENTERTAIN INC 6.25 07/01/2025 | 2,584,277.83 | US28470RAH57 | 0.25% |
CARNIVAL CORP 5.75 03/01/2027 | 2,358,761.54 | US143658BN13 | 0.23% |
Name | ISIN | Weight |
---|---|---|
TRANSDIGM INC 6.25 03/15/2026 | US893647BE67 | 0.36% |
MEDLINE BORROWER LP 3.875 04/01/2029 | US62482BAA08 | 0.32% |
CLOUD SOFTWARE GRP HOLDG 6.5 03/31/2029 | US88632QAE35 | 0.29% |
AMERICAN AIRLINES/AADVAN 5.5 04/20/2026 | US00253XAA90 | 0.28% |
CAESARS ENTERTAIN INC 6.25 07/01/2025 | US28470RAH57 | 0.28% |
DISH NETWORK CORP 11.75 11/15/2027 | US25470MAG42 | 0.28% |
DIRECTV FIN LLC/COINC 5.875 08/15/2027 | US25461LAA08 | 0.27% |
CCO HLDGS LLC/CAP CORP 5.125 05/01/2027 | US1248EPBT92 | 0.25% |
AMERICAN AIRLINES/AADVAN 5.75 04/20/2029 | US00253XAB73 | 0.24% |
CARNIVAL CORP 5.75 03/01/2027 | US143658BN13 | 0.23% |
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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.
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.
Index Change: “Benchmark” 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 to present.
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.