Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
SPDR Portfolio High Yield Bond ETF
ETF
SPHY
Payout Change
Pending
Price as of:
$22.88
+0.06
+0.26%
primary theme
High Yield Bond
SPHY (ETF)
SPDR Portfolio High Yield Bond ETF
Payout Change
Pending
Price as of:
$22.88
+0.06
+0.26%
primary theme
High Yield Bond
SPHY (ETF)
SPDR Portfolio High Yield Bond ETF
Payout Change
Pending
Price as of:
$22.88
+0.06
+0.26%
primary theme
High Yield Bond
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-0.2%
1 yr return
8.3%
3 Yr Avg Return
1.4%
5 Yr Avg Return
3.7%
Net Assets
$3.88 B
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
$22.8
$21.84
$23.52
Expenses
OPERATING FEES
Expense Ratio 0.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 54.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SPHY - Profile
Distributions
- YTD Total Return -0.2%
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.25%
- Dividend Yield 8.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR Portfolio High Yield Bond ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateJun 18, 2012
-
Shares Outstanding27000000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Brunell
Fund Description
In seeking to track the performance of the ICE BofA US High Yield Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.
Under normal market conditions, the Fund generally 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. In addition, in seeking to track the Index, the Fund may invest in debt securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the Index, the Fund's assets may be concentrated in an industry or
group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. The Fund may use derivatives, including credit default swaps and credit default index swaps, to obtain investment exposure that the Adviser expects to correlate closely with the Index, or a portion of the Index, and in managing cash flows.
The Index 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 Ratings Inc., and S&P Global Ratings) 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. Qualifying corporate issuers must have risk exposure to an FX-G10 or Western European country, or a territory of the United States or a Western European country. As of July 31, 2023, the FX-G10 includes all Eurozone members, the United States, Japan, the United Kingdom, Canada, Australia, New Zealand, Switzerland, Norway and Sweden. Securities included in the Index may include securities that are subject to restrictions on resale under the U.S. federal securities laws (“restricted securities”).
The Index is market capitalization weighted, and is rebalanced on the last calendar day of the month based on information available up to and including the third business day before the last business day of the month. As of August 31, 2023, a significant portion of the Fund comprised companies in the consumer cyclical and communication services sectors, although this may change from time to time. As of July 31, 2023, there were approximately 1,869 securities in the Index.
The Index is sponsored by ICE Data Indices, LLC (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
SPHY - Performance
Return Ranking - Trailing
| Period | SPHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.2% | -7.2% | 5.1% | 63.48% |
| 1 Yr | 8.3% | -9.4% | 15.0% | 31.60% |
| 3 Yr | 1.4%* | -16.5% | 19.8% | 33.00% |
| 5 Yr | 3.7%* | -11.9% | 36.4% | 21.01% |
| 10 Yr | 3.9%* | -4.9% | 19.3% | 17.84% |
* Annualized
Return Ranking - Calendar
| Period | SPHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.7% | -4.7% | 14.3% | 65.83% |
| 2022 | -15.9% | -33.4% | 3.6% | 57.80% |
| 2021 | 0.3% | -8.4% | 14.9% | 39.34% |
| 2020 | 0.5% | -13.9% | 302.7% | 38.18% |
| 2019 | 6.8% | -4.4% | 13.3% | 68.28% |
Total Return Ranking - Trailing
| Period | SPHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.2% | -7.2% | 5.1% | 63.48% |
| 1 Yr | 8.3% | -9.4% | 15.0% | 31.60% |
| 3 Yr | 1.4%* | -16.5% | 19.8% | 33.00% |
| 5 Yr | 3.7%* | -11.9% | 36.4% | 21.01% |
| 10 Yr | 3.9%* | -4.9% | 19.3% | 17.84% |
* Annualized
Total Return Ranking - Calendar
| Period | SPHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.8% | -4.7% | 18.2% | 32.45% |
| 2022 | -10.6% | -33.4% | 47.8% | 47.24% |
| 2021 | 5.6% | -8.4% | 24.8% | 36.23% |
| 2020 | 6.6% | -9.6% | 325.6% | 25.84% |
| 2019 | 13.2% | 0.9% | 21.5% | 59.62% |
SPHY - Holdings
Concentration Analysis
| SPHY | Category Low | Category High | SPHY % Rank | |
|---|---|---|---|---|
| Net Assets | 3.88 B | 1.45 M | 23.6 B | 13.10% |
| Number of Holdings | 1893 | 2 | 2736 | 0.62% |
| Net Assets in Top 10 | 322 M | -492 M | 4.45 B | 17.18% |
| Weighting of Top 10 | 9.65% | 4.2% | 146.9% | 82.82% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 6.57%
- State Street Institutional Liquid Reserves Fund 0.63%
- TransDigm Inc 0.33%
- Medline Borrower LP 0.33%
- Cloud Software Group Inc 0.32%
- DISH Network Corp 0.31%
- Venture Global LNG Inc 0.31%
- Cloud Software Group Inc 0.30%
- Directv Financing LLC / Directv Financing Co-Obligor Inc 0.29%
- Carnival Corp 0.27%
Asset Allocation
| Weighting | Return Low | Return High | SPHY % Rank | |
|---|---|---|---|---|
| Bonds | 97.86% | -3.13% | 154.38% | 9.86% |
| Cash | 7.20% | -52.00% | 48.07% | 20.90% |
| Convertible Bonds | 1.20% | 0.00% | 17.89% | 44.89% |
| Stocks | 0.00% | 0.00% | 99.54% | 72.42% |
| Preferred Stocks | 0.00% | 0.00% | 7.88% | 40.25% |
| Other | 0.00% | -63.70% | 102.57% | 82.04% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SPHY % Rank | |
|---|---|---|---|---|
| Financial Services | 80.93% | 0.00% | 100.00% | 7.30% |
| Energy | 19.07% | 0.00% | 100.00% | 55.06% |
| Utilities | 0.00% | 0.00% | 100.00% | 99.16% |
| Technology | 0.00% | 0.00% | 33.17% | 98.60% |
| Real Estate | 0.00% | 0.00% | 86.71% | 96.63% |
| Industrials | 0.00% | 0.00% | 93.12% | 97.75% |
| Healthcare | 0.00% | 0.00% | 22.17% | 98.31% |
| Communication Services | 0.00% | 0.00% | 99.99% | 99.16% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 98.88% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 98.31% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 98.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SPHY % Rank | |
|---|---|---|---|---|
| US | 0.00% | 0.00% | 99.54% | 70.59% |
| Non US | 0.00% | -0.01% | 0.83% | 96.59% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SPHY % Rank | |
|---|---|---|---|---|
| Corporate | 99.27% | 0.00% | 129.69% | 5.58% |
| Cash & Equivalents | 7.20% | 0.00% | 48.07% | 15.33% |
| Derivative | 0.00% | -15.04% | 42.26% | 81.58% |
| Securitized | 0.00% | 0.00% | 97.24% | 96.90% |
| Municipal | 0.00% | 0.00% | 4.66% | 96.12% |
| Government | 0.00% | 0.00% | 99.07% | 97.67% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SPHY % Rank | |
|---|---|---|---|---|
| US | 97.86% | -3.13% | 129.21% | 6.50% |
| Non US | 0.00% | 0.00% | 98.19% | 98.14% |
SPHY - Expenses
Operational Fees
| SPHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.05% | 0.04% | 31.61% | 99.85% |
| Management Fee | 0.05% | 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 | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | 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 | 54.00% | 1.00% | 255.00% | 33.11% |
SPHY - Distributions
Dividend Yield Analysis
| SPHY | Category Low | Category High | SPHY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 8.18% | 0.00% | 49.68% | 5.69% |
Dividend Distribution Analysis
| SPHY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| SPHY | Category Low | Category High | SPHY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.25% | -2.39% | 14.30% | 13.39% |
Capital Gain Distribution Analysis
| SPHY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 05, 2024 | $0.154 | OrdinaryDividend |
| Mar 07, 2024 | $0.156 | OrdinaryDividend |
| Feb 07, 2024 | $0.160 | OrdinaryDividend |
| Dec 22, 2023 | $0.156 | OrdinaryDividend |
| Dec 07, 2023 | $0.153 | OrdinaryDividend |
| Nov 07, 2023 | $0.149 | OrdinaryDividend |
| Oct 06, 2023 | $0.152 | OrdinaryDividend |
| Sep 08, 2023 | $0.144 | OrdinaryDividend |
| Aug 07, 2023 | $0.140 | OrdinaryDividend |
| Jul 10, 2023 | $0.136 | OrdinaryDividend |
| Jun 07, 2023 | $0.142 | OrdinaryDividend |
| May 05, 2023 | $0.138 | OrdinaryDividend |
| Apr 10, 2023 | $0.133 | OrdinaryDividend |
| Mar 07, 2023 | $0.133 | OrdinaryDividend |
| Feb 07, 2023 | $0.131 | OrdinaryDividend |
| Dec 23, 2022 | $0.138 | OrdinaryDividend |
| Dec 07, 2022 | $0.129 | OrdinaryDividend |
| Nov 07, 2022 | $0.127 | OrdinaryDividend |
| Oct 07, 2022 | $0.126 | OrdinaryDividend |
| Sep 08, 2022 | $0.129 | OrdinaryDividend |
| Aug 05, 2022 | $0.119 | OrdinaryDividend |
| Jul 08, 2022 | $0.124 | OrdinaryDividend |
| Jun 07, 2022 | $0.116 | OrdinaryDividend |
| May 06, 2022 | $0.115 | OrdinaryDividend |
| Apr 07, 2022 | $0.105 | OrdinaryDividend |
| Mar 07, 2022 | $0.108 | OrdinaryDividend |
| Feb 07, 2022 | $0.107 | OrdinaryDividend |
| Dec 23, 2021 | $0.109 | OrdinaryDividend |
| Dec 07, 2021 | $0.109 | OrdinaryDividend |
| Nov 05, 2021 | $0.110 | OrdinaryDividend |
| Oct 07, 2021 | $0.109 | OrdinaryDividend |
| Sep 08, 2021 | $0.108 | OrdinaryDividend |
| Aug 06, 2021 | $0.109 | OrdinaryDividend |
| Jul 08, 2021 | $0.114 | OrdinaryDividend |
| Jun 07, 2021 | $0.116 | OrdinaryDividend |
| May 07, 2021 | $0.115 | OrdinaryDividend |
| Apr 08, 2021 | $0.118 | OrdinaryDividend |
| Mar 05, 2021 | $0.122 | OrdinaryDividend |
| Feb 05, 2021 | $0.125 | OrdinaryDividend |
| Dec 24, 2020 | $0.110 | OrdinaryDividend |
| Dec 07, 2020 | $0.123 | OrdinaryDividend |
| Nov 06, 2020 | $0.125 | OrdinaryDividend |
| Oct 07, 2020 | $0.128 | OrdinaryDividend |
| Sep 08, 2020 | $0.118 | OrdinaryDividend |
| Aug 07, 2020 | $0.128 | OrdinaryDividend |
| Jul 07, 2020 | $0.121 | OrdinaryDividend |
| Jun 05, 2020 | $0.123 | OrdinaryDividend |
| May 07, 2020 | $0.132 | OrdinaryDividend |
| Apr 07, 2020 | $0.125 | OrdinaryDividend |
| Mar 06, 2020 | $0.131 | OrdinaryDividend |
| Feb 07, 2020 | $0.127 | OrdinaryDividend |
| Dec 27, 2019 | $0.151 | OrdinaryDividend |
| Dec 06, 2019 | $0.135 | OrdinaryDividend |
| Nov 07, 2019 | $0.133 | OrdinaryDividend |
| Oct 07, 2019 | $0.137 | OrdinaryDividend |
| Sep 09, 2019 | $0.126 | OrdinaryDividend |
| Aug 07, 2019 | $0.139 | OrdinaryDividend |
| Jul 08, 2019 | $0.138 | OrdinaryDividend |
| Jun 07, 2019 | $0.135 | OrdinaryDividend |
| May 07, 2019 | $0.131 | OrdinaryDividend |
| Apr 05, 2019 | $0.098 | OrdinaryDividend |
| Mar 07, 2019 | $0.095 | OrdinaryDividend |
| Feb 07, 2019 | $0.093 | OrdinaryDividend |
| Dec 26, 2018 | $0.126 | OrdinaryDividend |
| Dec 07, 2018 | $0.093 | OrdinaryDividend |
| Nov 07, 2018 | $0.092 | OrdinaryDividend |
| Oct 05, 2018 | $0.092 | OrdinaryDividend |
| Sep 10, 2018 | $0.091 | OrdinaryDividend |
| Aug 07, 2018 | $0.090 | OrdinaryDividend |
| Jul 09, 2018 | $0.063 | OrdinaryDividend |
| Jun 07, 2018 | $0.071 | OrdinaryDividend |
| May 07, 2018 | $0.071 | OrdinaryDividend |
| Apr 06, 2018 | $0.073 | OrdinaryDividend |
| Mar 07, 2018 | $0.070 | OrdinaryDividend |
| Feb 07, 2018 | $0.078 | OrdinaryDividend |
| Dec 28, 2017 | $0.180 | OrdinaryDividend |
| Dec 11, 2017 | $0.088 | OrdinaryDividend |
| Nov 09, 2017 | $0.091 | OrdinaryDividend |
| Oct 10, 2017 | $0.088 | OrdinaryDividend |
| Sep 12, 2017 | $0.091 | OrdinaryDividend |
| Aug 09, 2017 | $0.091 | OrdinaryDividend |
| Jul 12, 2017 | $0.091 | OrdinaryDividend |
| Jun 09, 2017 | $0.091 | OrdinaryDividend |
| May 09, 2017 | $0.091 | OrdinaryDividend |
| Apr 11, 2017 | $0.083 | OrdinaryDividend |
| Mar 09, 2017 | $0.094 | OrdinaryDividend |
| Feb 09, 2017 | $0.094 | OrdinaryDividend |
| Jan 06, 2017 | $0.094 | OrdinaryDividend |
| Dec 09, 2016 | $0.094 | OrdinaryDividend |
| Nov 09, 2016 | $0.093 | OrdinaryDividend |
| Oct 11, 2016 | $0.093 | OrdinaryDividend |
| Sep 12, 2016 | $0.093 | OrdinaryDividend |
| Aug 09, 2016 | $0.093 | OrdinaryDividend |
| Jul 12, 2016 | $0.094 | OrdinaryDividend |
| Jun 09, 2016 | $0.093 | OrdinaryDividend |
| May 10, 2016 | $0.091 | OrdinaryDividend |
| Apr 11, 2016 | $0.089 | OrdinaryDividend |
| Mar 09, 2016 | $0.090 | OrdinaryDividend |
| Feb 09, 2016 | $0.090 | OrdinaryDividend |
| Jan 07, 2016 | $0.106 | OrdinaryDividend |
| Dec 09, 2015 | $0.089 | OrdinaryDividend |
| Nov 10, 2015 | $0.087 | OrdinaryDividend |
| Oct 09, 2015 | $0.087 | OrdinaryDividend |
| Sep 10, 2015 | $0.087 | OrdinaryDividend |
| Aug 11, 2015 | $0.089 | OrdinaryDividend |
| Jul 10, 2015 | $0.086 | OrdinaryDividend |
| Jun 09, 2015 | $0.085 | OrdinaryDividend |
| May 11, 2015 | $0.084 | OrdinaryDividend |
| Apr 10, 2015 | $0.089 | OrdinaryDividend |
| Mar 10, 2015 | $0.070 | OrdinaryDividend |
| Feb 10, 2015 | $0.073 | OrdinaryDividend |
| Jan 07, 2015 | $0.076 | OrdinaryDividend |
| Dec 09, 2014 | $0.078 | OrdinaryDividend |
| Nov 12, 2014 | $0.085 | OrdinaryDividend |
| Oct 09, 2014 | $0.071 | OrdinaryDividend |
| Sep 10, 2014 | $0.086 | OrdinaryDividend |
| Aug 11, 2014 | $0.096 | OrdinaryDividend |
| Jul 10, 2014 | $0.087 | OrdinaryDividend |
| Jun 10, 2014 | $0.085 | OrdinaryDividend |
| May 09, 2014 | $0.086 | OrdinaryDividend |
| Apr 09, 2014 | $0.075 | OrdinaryDividend |
| Mar 11, 2014 | $0.090 | OrdinaryDividend |
| Feb 11, 2014 | $0.095 | OrdinaryDividend |
| Jan 07, 2014 | $0.177 | OrdinaryDividend |
| Dec 10, 2013 | $0.086 | OrdinaryDividend |
| Nov 12, 2013 | $0.086 | OrdinaryDividend |
| Oct 09, 2013 | $0.088 | OrdinaryDividend |
| Sep 11, 2013 | $0.085 | OrdinaryDividend |
| Aug 09, 2013 | $0.082 | OrdinaryDividend |
| Jul 10, 2013 | $0.086 | OrdinaryDividend |
| Jun 11, 2013 | $0.085 | OrdinaryDividend |
| May 09, 2013 | $0.086 | OrdinaryDividend |
| Apr 09, 2013 | $0.083 | OrdinaryDividend |
| Mar 11, 2013 | $0.088 | OrdinaryDividend |
| Feb 11, 2013 | $0.077 | OrdinaryDividend |
| Jan 07, 2013 | $0.085 | OrdinaryDividend |
| Dec 11, 2012 | $0.105 | OrdinaryDividend |
| Nov 09, 2012 | $0.089 | OrdinaryDividend |
| Oct 09, 2012 | $0.087 | OrdinaryDividend |
| Sep 12, 2012 | $0.092 | OrdinaryDividend |
| Aug 09, 2012 | $0.090 | OrdinaryDividend |
| Jul 11, 2012 | $0.032 | OrdinaryDividend |
SPHY - Fund Manager Analysis
Managers
Michael Brunell
Start Date
Tenure
Tenure Rank
Jun 18, 2012
9.96
10.0%
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
8.99
9.0%
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
6.59
6.6%
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 |
|---|---|---|---|
| 0.13 | 37.79 | 7.12 | 8.17 |
