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Trending ETFs

SPDR® Portfolio High Yield Bond ETF

etf
SPHY
Dividend policy
Active
Price as of:
$26.62 -0.06 0%
primary theme
High Yield Bond
SPHY (ETF)

SPDR® Portfolio High Yield Bond ETF

Dividend policy
Active
Price as of:
$26.62 -0.06 0%
primary theme
High Yield Bond
SPHY (ETF)
SPDR® Portfolio High Yield Bond ETF
Dividend policy
Active
Price as of:
$26.62 -0.06 0%
primary theme
High Yield Bond

SPHY - Snapshot

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 6.5%
  • 5 Yr Annualized Return 6.1%
  • Net Assets $288 M
  • Holdings in Top 10 3.4%

52 WEEK LOW AND HIGH

$26.68
$23.25
$26.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme High Yield Bond
  • Fund Type Exchange Traded Fund
  • Investment Style High Yield Bond

Compare SPHY to Popular High Yield Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$5.95

0.00%

$28.44 B

4.49%

$0.27

blocked
blocked
blocked

-0.50%

0.23%

$7.83

0.00%

$25.86 B

4.95%

$0.39

blocked
blocked
blocked

0.51%

0.59%

$5.55

0.00%

$22.89 B

5.49%

$0.30

blocked
blocked
blocked

0.73%

0.79%

$10.38

0.00%

$18.59 B

5.45%

$0.57

blocked
blocked
blocked

2.37%

0.73%

$11.26

+0.09%

$14.05 B

3.23%

$0.36

blocked
blocked
blocked

5.04%

0.67%

Compare SPHY to Popular High Yield Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$87.30

-0.21%

$21.08 B

4.63%

$4.05

blocked
blocked
blocked

0.00%

0.49%

$109.00

-0.20%

$10.37 B

4.89%

$5.34

blocked
blocked
blocked

0.06%

0.40%

$40.06

-0.20%

$6.76 B

4.93%

$1.98

blocked
blocked
blocked

-20.02%

0.20%

$45.80

-0.17%

$4.56 B

5.03%

$2.31

blocked
blocked
blocked

0.79%

0.30%

$32.15

-0.06%

$4.45 B

4.59%

$1.48

blocked
blocked
blocked

0.16%

0.43%

SPHY - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.06%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR® Portfolio High Yield Bond ETF
  • Fund Family Name
    SPDR State Street Global Advisors
  • Inception Date
    Jun 18, 2012
  • Shares Outstanding
    10900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Brunell

Fund Description

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.


SPHY - Performance

Return Ranking - Trailing

Period SPHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -20.0% 10.6% 58.02%
1 Yr 24.1% 0.0% 64.1% 37.66%
3 Yr 6.5%* -12.7% 10.4% 23.43%
5 Yr 6.1%* -6.1% 11.8% 76.10%
10 Yr N/A* 1.3% 9.3% N/A

* Annualized

Return Ranking - Calendar

Period SPHY Return Category Return Low Category Return High Rank in Category (%)
2020 0.5% -46.8% 399.1% 39.41%
2019 6.8% -10.3% 226.1% 64.69%
2018 -7.1% -18.4% -0.4% 22.63%
2017 2.7% -9.5% 18.8% 11.37%
2016 7.5% -9.1% 28.6% 50.98%

Total Return Ranking - Trailing

Period SPHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -20.0% 10.6% 58.02%
1 Yr 24.1% 0.0% 64.1% 32.64%
3 Yr 6.5%* -12.7% 10.4% 21.78%
5 Yr 6.1%* -6.1% 11.8% 69.89%
10 Yr N/A* 1.3% 9.3% N/A

* Annualized

Total Return Ranking - Calendar

Period SPHY Return Category Return Low Category Return High Rank in Category (%)
2020 0.5% -46.8% 399.1% 39.41%
2019 6.8% -3.8% 23.9% 67.58%
2018 -7.1% -18.4% 1.3% 37.46%
2017 2.7% -8.5% 18.8% 29.10%
2016 7.5% -9.1% 39.0% 60.64%

SPHY - Holdings

Concentration Analysis

SPHY Category Low Category High SPHY % Rank
Net Assets 288 M 3.64 M 28.4 B 59.68%
Number of Holdings 1929 3 2297 0.54%
Net Assets in Top 10 9.69 M -564 M 3.47 B 86.41%
Weighting of Top 10 3.39% 2.7% 100.0% 99.73%

Top 10 Holdings

  1. Occidental Petroleum Corporation 2.7% 0.41%
  2. T-Mobile US, Inc. 7.88% 0.37%
  3. Ligado Networks Llc 15.5% 0.34%
  4. ALTICE FRANCE S.A 7.38% 0.34%
  5. Ford Motor Company 9% 0.33%
  6. Carnival Corporation 5.75% 0.31%
  7. CSC Holdings, LLC 6.5% 0.31%
  8. Caesars Entertainment Inc New 6.25% 0.31%
  9. Ford Motor Company 8.5% 0.30%
  10. TransDigm, Inc. 6.25% 0.30%

Asset Allocation

Weighting Return Low Return High SPHY % Rank
Bonds
97.74% 18.91% 146.82% 11.04%
Convertible Bonds
1.49% 0.00% 21.16% 59.89%
Cash
0.63% -40.59% 71.43% 84.52%
Stocks
0.13% -8.82% 43.20% 62.72%
Preferred Stocks
0.00% 0.00% 22.05% 99.87%
Other
0.00% -49.68% 30.15% 95.56%

Stock Sector Breakdown

Weighting Return Low Return High SPHY % Rank
Financial Services
90.39% 0.00% 100.00% 5.36%
Energy
9.61% 0.00% 100.00% 64.33%
Utilities
0.00% 0.00% 99.28% 97.32%
Technology
0.00% 0.00% 99.99% 97.53%
Real Estate
0.00% 0.00% 100.00% 97.73%
Industrials
0.00% 0.00% 100.00% 98.97%
Healthcare
0.00% 0.00% 69.02% 97.73%
Communication Services
0.00% 0.00% 100.00% 97.94%
Consumer Defense
0.00% 0.00% 100.00% 97.94%
Consumer Cyclical
0.00% 0.00% 100.00% 97.73%
Basic Materials
0.00% 0.00% 100.00% 97.73%

Stock Geographic Breakdown

Weighting Return Low Return High SPHY % Rank
Non US
0.12% 0.00% 15.55% 16.96%
US
0.01% -8.82% 37.04% 70.66%

Bond Sector Breakdown

Weighting Return Low Return High SPHY % Rank
Corporate
99.28% 0.00% 100.00% 5.66%
Cash & Equivalents
0.63% 0.00% 72.19% 93.53%
Government
0.09% 0.00% 60.89% 38.95%
Derivative
0.00% 0.00% 42.49% 97.30%
Securitized
0.00% 0.00% 91.68% 98.52%
Municipal
0.00% 0.00% 14.61% 98.11%

Bond Geographic Breakdown

Weighting Return Low Return High SPHY % Rank
US
85.96% 0.18% 121.45% 16.55%
Non US
11.78% -25.76% 97.17% 59.62%

SPHY - Expenses

Operational Fees

SPHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 20.43% 99.45%
Management Fee 0.10% 0.00% 1.84% 1.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SPHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SPHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SPHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 0.00% 349.00% 33.10%

SPHY - Distributions

Dividend Yield Analysis

SPHY Category Low Category High SPHY % Rank
Dividend Yield 2.34% 0.00% 3.11% 2.69%

Dividend Distribution Analysis

SPHY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SPHY Category Low Category High SPHY % Rank
Net Income Ratio 6.06% -2.17% 10.53% 11.78%

Capital Gain Distribution Analysis

SPHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

SPHY - Fund Manager Analysis

Managers

Michael Brunell


Start Date

Tenure

Tenure Rank

Jun 18, 2012

8.79

8.8%

Mike Brunell, CFA, is a Vice President of SSGA and has been a member of the Fixed Income portfolio management team since 2004. In his current role as part of the Beta Solutions Group, he is responsible for developing and managing various funds and ETFs against a variety of conventional and custom bond index strategies. Previously, Mr. Brunell was responsible for managing the U.S. Bond Operations group which he had been a member of since 1997. He started his career in the investment management field when he joined the Mutual Fund Custody division of State Street in 1993. In this role he focused on the accounting and the valuation of various domestic and international equity and bond portfolios. Mr. Brunell earned a BS in Business Administration from Saint Michael's College and a MSF degree from Boston College. Additionally he earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst Society.

Kyle Kelly


Start Date

Tenure

Tenure Rank

Jun 04, 2013

7.83

7.8%

Kyle Kelly, CFA, FRM, is a Vice President of SSGA and a Portfolio Manager in the Fixed Income Beta Solutions Group where he manages high yield and investment grade credit ETFs and separate accounts since 2012. Prior to joining the portfolio management team, he worked as an investment risk management analyst focused on SSGA's fixed income and multi-asset-class products. Mr. Kelly graduated from Boston College with a Bachelor of Arts in Communication and Economics. He earned the Chartered Financial Analyst (CFA) designation and the Financial Risk Manager (FRM) designation. He is a member of the CFA Institute, CFA Society Boston, Inc., and the Global Association of Risk Professionals. He began his investment career in 2007 and has a BA from Boston College.

Bradley Sullivan


Start Date

Tenure

Tenure Rank

Oct 31, 2015

5.42

5.4%

Bradley Sullivan, CFA, is a Vice President of SSGA and SSGA Inc and a Senior Portfolio Manager in the Fixed Income Beta Solutions Group within the Global Fixed Income, Cash and Currency Team where he manages corporate credit beta portfolios for ETFs, commingled funds and separately managed accounts. Prior to joining SSGA, Mr. Sullivan was a senior research analyst at State Street Bank and Trust where he covered the healthcare, pharmaceutical, chemicals, retail and power/utilities sectors for the corporate credit and leveraged loan portfolios.Prior to joining State Street, Mr. Sullivan was the assistant portfolio manager in the Leveraged Finance Group for MetLife Investments. The team managed more than $12 billion across leveraged loan and high yield credit portfolios on a total return mandate. Mr. Sullivan joined MetLife Investments in 2007 as a credit research analyst covering the corporate healthcare, technology, and beverage sectors within the Global Fixed Income Research Group. In 2003, Mr. Sullivan received his formal credit training in the Brown Brothers Harriman Banking Analyst Program in Boston on the Medical Technology Team. Mr. Sullivan earned his Bachelor of Science in Accounting and Finance from Tulane University and a Master of Business Administration from the Colgate Darden Graduate School of Business at the University of Virginia. Mr. Sullivan has earned the Chartered Financial Analyst (CFA) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.63 6.63 1.75