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SPDR Bloomberg Barclays High Yield Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Barclays High Yield Very Liquid Bond Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Nov 28, 2007 |
| Assets (mns) | $10,555 |
| Currency | USD |
| Expense ratio | 40 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 939 |
| No of distinct issuers | 537 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 10% /90% |
| Non-standard maturity (callable, etc.) | 93% |
| ALTICE FRANCE SA 7.4% 5/01/26 | 0.7 % |
| SPRINT CORP. 7.9% 9/15/23 | 0.6 % |
| TRANSDIGM, INC. 6.3% 3/15/26 | 0.6 % |
| 0.0% /00/00 | 0.6 % |
| CCO HOLDINGS LLC 5.1% 5/01/27 | 0.4 % |
| COMMUNITY HEALTH SYST 6.3% 3/31/23 | 0.4 % |
| INTELSAT JACKSON HOLD 8.5% 1/15/24 | 0.4 % |
| ALTICE FINANCING SA 7.5% 5/15/26 | 0.4 % |
| NEW RED FINANCE, INC. 5.0% 1/15/25 | 0.4 % |
| HCA, INC. 5.4% 2/01/25 | 0.4 % |
| TOTAL | 4.9 % |
|---|
| CCO HOLDINGS LLC | 1.9% |
| CENTENE CORPORATION | 1.5% |
| OCCIDENTAL PETROLEUM CORPORATION | 1.5% |
| TENET HEALTHCARE CORPORATION | 1.4% |
| COMMUNITY HEALTH SYSTEMS, INC. | 1.4% |
 |
UNITED STATES | 75.8 % |
 |
CANADA | 4.1 % |
 |
LUXEMBOURG | 1.9 % |
 |
NETHERLANDS | 1.8 % |
 |
FRANCE | 1.1 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -5.4% | -1.9% | 3.2% | 5.7% | 5.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.39 | 2% |
| S&P500 | 0.44 | 71% |
| MSCI EAFE | 0.47 | 72% |
| MSCI Emg. Mkts. | 0.34 | 60% |
| Recent close | $101.81 |
| 30d moving avg. | $102.54 |
| Annualized volatility | 8.8% |
| Short interest (ETF) | 10.7% |
| Relative strength (RSI) | 53 |
| Avg. volume (thou.) | 10,637 |
| Avg. daily value traded (mns) | $1,083 |
| Turnover | 10.1% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| JNK | 5.0 yrs | Category Avg.* |
5.1 yrs |
| JNK | 4.8% | Category Avg.* |
5.0% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.75% | -13.8% | $87.79 |
| +200 bp | 8.75% | -9.3% | $92.29 |
| +150 bp | 8.25% | -7.1% | $94.61 |
| +100 bp | 7.75% | -4.8% | $96.97 |
| +75 bp | 7.50% | -3.6% | $98.16 |
| +50 bp | 7.25% | -2.4% | $99.37 |
| +25 bp | 7.00% | -1.2% | $100.58 |
| 0 bp | 6.75% | 0% | $101.81 |
| -25 bp | 6.50% | 1.2% | $103.05 |
| -50 bp | 6.25% | 2.4% | $104.29 |
| -75 bp | 6.00% | 3.7% | $105.55 |
| -100 bp | 5.75% | 4.9% | $106.82 |
| -150 bp | 5.25% | 7.4% | $109.39 |
| -200 bp | 4.75% | 10.0% | $112.00 |
| -300 bp | 3.75% | 15.3% | $117.34 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
675 | bp |
| Less: Annual "default factor" |
304 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 3.31 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.1% |
| Corporate | 1.8% |
| Emerging Market | 3.9% |
| Government | 0.5% |
| Inflation Protected | 1.0% |
| Mortgage | 2.4% |
| Municipals | 2.1% |
| *Note: The SPDR Bloomberg Barclays High Yield Bond ETF is classified as a Corporate fund. | |