|
SPDR Barclays High Yield Bond
|
|||||||||||||||||
- 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 | Dec 04, 2007 |
| Assets (mns) | $10,120 |
| 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 | 879 |
| No of distinct issuers | 532 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 91% |
| 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 | 1.8% |
| CSC HOLDINGS, LLC | 1.5% |
| TENET HEALTHCARE CORPORATION | 1.5% |
| VALEANT PHARMACEUTICALS INTERNATIO... | 1.2% |
| SPRINGLEAF FINANCE CORPORATION | 1.1% |
 |
UNITED STATES | 77.8 % |
 |
CANADA | 4.4 % |
 |
LUXEMBOURG | 2.9 % |
 |
NETHERLANDS | 1.7 % |
 |
BRITAIN | 1.5 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 12.0% | 6.4% | 3.8% | 6.7% | 5.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.19 | 2% |
| S&P500 | 0.31 | 64% |
| MSCI EAFE | 0.34 | 62% |
| MSCI Emg. Mkts. | 0.21 | 40% |
| Recent close | $108.56 |
| 30d moving avg. | $108.43 |
| Annualized volatility | 4.8% |
| Short interest (ETF) | 11.2% |
| Relative strength (RSI) | 47 |
| Avg. volume (thou.) | 5,732 |
| Avg. daily value traded (mns) | $622 |
| Turnover | 6.1% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| JNK | 5.0 yrs | Category Avg.* |
4.6 yrs |
| JNK | 4.8% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.19% | -12.6% | $94.89 |
| +200 bp | 8.19% | -8.8% | $98.99 |
| +150 bp | 7.69% | -6.8% | $101.21 |
| +100 bp | 7.19% | -4.6% | $103.55 |
| +75 bp | 6.94% | -3.5% | $104.76 |
| +50 bp | 6.69% | -2.4% | $106.00 |
| +25 bp | 6.44% | -1.2% | $107.26 |
| 0 bp | 6.19% | 0% | $108.56 |
| -25 bp | 5.94% | 1.2% | $109.88 |
| -50 bp | 5.69% | 2.5% | $111.24 |
| -75 bp | 5.44% | 3.7% | $112.62 |
| -100 bp | 5.19% | 5.0% | $114.03 |
| -150 bp | 4.69% | 7.7% | $116.93 |
| -200 bp | 4.19% | 10.5% | $119.95 |
| -300 bp | 3.19% | 16.4% | $126.33 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
619 | bp |
| Less: Annual "default factor" |
298 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 2.81 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.4% |
| Emerging Market | 3.6% |
| Government | 1.7% |
| Inflation Protected | 1.8% |
| Mortgage | 2.8% |
| Municipals | 2.3% |
| *Note: The SPDR Barclays High Yield Bond is classified as a Corporate fund. | |