|
SPDR Portfolio High Yield Bond ETF
|
|||||||||||||||||
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The SPDR Portfolio High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA US High Yield Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Jun 19, 2012 |
| Assets (mns) | $7,150 |
| Currency | USD |
| Expense ratio | 5 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 1896 |
| No of distinct issuers | 1026 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 96% |
| 0.0% /00/00 | 0.8 % |
| NEPTUNE FINCO CORP. 6.6% 1/15/25 | 0.6 % |
| JEFFERIES FINANCE LLC 7.3% 8/15/24 | 0.5 % |
| SPRINT CORP. 7.9% 9/15/23 | 0.5 % |
| COMMUNITY HEALTH SYST 6.3% 3/31/23 | 0.5 % |
| ALTICE FRANCE SA 7.4% 5/01/26 | 0.4 % |
| BOMBARDIER INC. 7.5% 3/15/25 | 0.4 % |
| INTELSAT JACKSON HOLD 8.5% 1/15/24 | 0.4 % |
| CLEAR CHANNEL WORLDWI 9.3% 2/15/24 | 0.4 % |
| SPRINT CORP. 7.6% 2/15/25 | 0.4 % |
| TOTAL | 4.8 % |
|---|
| FORD MOTOR CREDIT COMPANY LLC | 2.2% |
| CCO HOLDINGS LLC | 1.9% |
| CARNIVAL CORPORATION | 1.0% |
| TENET HEALTHCARE CORPORATION | 0.9% |
| CSC HOLDINGS, LLC | 0.9% |
 |
UNITED STATES | 81.4 % |
 |
CANADA | 4.8 % |
 |
UNITED KINGDOM | 2.0 % |
 |
LUXEMBOURG | 1.7 % |
 |
IRELAND | 1.1 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 7.2% | 7.2% | 4.0% | 4.5% | 4.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.96 | 67% |
| S&P500 | 0.46 | 77% |
| MSCI EAFE | 0.45 | 74% |
| MSCI Emg. Mkts. | 0.33 | 40% |
| Recent close | $23.80 |
| 30d moving avg. | $23.61 |
| Annualized volatility | 9.1% |
| Short interest (ETF) | 3.7% |
| Relative strength (RSI) | 56 |
| Avg. volume (thou.) | 4,229 |
| Avg. daily value traded (mns) | $101 |
| Turnover | 1.4% |
| Bid/Ask (% of price) | 0.05 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SPHY | 4.3 yrs | Category Avg.* |
4.6 yrs |
| SPHY | 4.1% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.77% | -15.6% | $20.08 |
| +200 bp | 9.77% | -9.7% | $21.49 |
| +150 bp | 9.27% | -7.0% | $22.13 |
| +100 bp | 8.77% | -4.5% | $22.73 |
| +75 bp | 8.52% | -3.3% | $23.01 |
| +50 bp | 8.27% | -2.2% | $23.29 |
| +25 bp | 8.02% | -1.1% | $23.55 |
| 0 bp | 7.77% | 0% | $23.80 |
| -25 bp | 7.52% | 1.0% | $24.04 |
| -50 bp | 7.27% | 2.0% | $24.27 |
| -75 bp | 7.02% | 2.9% | $24.49 |
| -100 bp | 6.77% | 3.8% | $24.70 |
| -150 bp | 6.27% | 5.4% | $25.09 |
| -200 bp | 5.77% | 6.8% | $25.43 |
| -300 bp | 4.77% | 9.2% | $25.99 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
777 | bp |
| Less: Annual "default factor" |
304 | bp |
| Less: Expense ratio | 5 | bp |
| Equals: ALTAR Score | 4.68 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.3% |
| Corporate | 4.1% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.1% |
| Municipals | 3.4% |
| *Note: The SPDR Portfolio High Yield Bond ETF is classified as a Corporate fund. | |