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SPDR Bloomberg 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) | $5,984 |
| 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 | 1143 |
| No of distinct issuers | 665 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 99% |
| 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 | 2.0% |
| FORD MOTOR CREDIT COMPANY LLC | 1.8% |
| TENET HEALTHCARE CORPORATION | 1.3% |
| CARNIVAL CORPORATION | 1.3% |
| AMERICAN AIRLINES, INC. | 1.1% |
 |
UNITED STATES | 81.0 % |
 |
CANADA | 4.4 % |
 |
UNITED KINGDOM | 1.9 % |
 |
LUXEMBOURG | 1.4 % |
 |
MACAU | 1.3 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 0.9% | 8.2% | 3.6% | 3.6% | 4.8% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.02 | 64% |
| S&P500 | 0.49 | 79% |
| MSCI EAFE | 0.47 | 71% |
| MSCI Emg. Mkts. | 0.35 | 39% |
| Recent close | $93.20 |
| 30d moving avg. | $94.54 |
| Annualized volatility | 9.7% |
| Short interest (ETF) | 7.9% |
| Relative strength (RSI) | 41 |
| Avg. volume (thou.) | 8,025 |
| Avg. daily value traded (mns) | $748 |
| Turnover | 12.5% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| JNK | 4.4 yrs | Category Avg.* |
4.6 yrs |
| JNK | 4.2% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 11.26% | -15.9% | $78.35 |
| +200 bp | 10.26% | -9.9% | $83.97 |
| +150 bp | 9.76% | -7.2% | $86.53 |
| +100 bp | 9.26% | -4.6% | $88.92 |
| +75 bp | 9.01% | -3.4% | $90.05 |
| +50 bp | 8.76% | -2.2% | $91.14 |
| +25 bp | 8.51% | -1.1% | $92.19 |
| 0 bp | 8.26% | 0% | $93.20 |
| -25 bp | 8.01% | 1.0% | $94.17 |
| -50 bp | 7.76% | 2.0% | $95.09 |
| -75 bp | 7.51% | 3.0% | $95.97 |
| -100 bp | 7.26% | 3.9% | $96.81 |
| -150 bp | 6.76% | 5.5% | $98.36 |
| -200 bp | 6.26% | 7.0% | $99.75 |
| -300 bp | 5.26% | 9.5% | $102.01 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
826 | bp |
| Less: Annual "default factor" |
318 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 4.68 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.3% |
| Corporate | 4.4% |
| Emerging Market | 6.2% |
| Government | 7.2% |
| Inflation Protected | 2.5% |
| Mortgage | 5.1% |
| Municipals | 3.6% |
| *Note: The SPDR Bloomberg High Yield Bond ETF is classified as a Corporate fund. | |