A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). In the last 10 years, the SPDR Barclays High Yield Bond ETF (JNK) ETF obtained a 5.38% compound annual return, with a 7.84% standard deviation.. The horizontal axis indicates the date at which the premium/discount occurred. © Copyright 2020 Morningstar, Inc. All rights reserved. The page you are visiting uses a different locale than your saved profile. The inception of the ICE BofA US High Yield Index was 8/31/1986. Get our overall rating based on a fundamental assessment of the pillars below. The foreign investments in Japanese stocks in the … Read it carefully before investing. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. Nasdaq 100. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. JNK | A complete SPDR Bloomberg Barclays High Yield Bond ETF exchange traded fund overview by MarketWatch. The machine-learning model is then applied to the “uncovered” fund SA Breaking News. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. This may cause the fund to experience tracking errors relative to performance of the index. Please see the prospectus for more details. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. It is not possible to invest directly in an index. SPDR Barclays High Yield Bond ETF (NYSEARCA:JNK) - $0.1704. DWFI - SPDR Dorsey Wright Fixed Income Allocation ETF: This SPDR fund contains a mix of bonds, including municipal, high-yield, and Treasury bonds. The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. The formula for current yield is a bond's annual coupons divided by its current price. Ordinary brokerage commissions may apply. The ICE BofA US High Yield Index is market capitalization weighted and 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. Terms and Conditions Privacy Policy Disclosures Member User Agreement Corrections Cookies, Muni National Intermediate-Term Bond ETFs. Investors buy and sell them like stocks, typically through a brokerage account. © 2020 %%State Street Corporation%%. Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security. They are listed on major US Stock Exchanges. Market Price of last reported trade on the exchange. (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price. The median of those values is identified and posted on each business day. Add to Watchlist. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. This site is protected by reCAPTCHA and the Google The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. Find real-time SPHY - SPDR® Portfolio High Yield Bond ETF stock quotes, company profile, news and forecasts from CNN Business. SPDR® Portfolio High Yield Bond ETF Dividend policy Active Price as of: DEC 10, 07:00 PM EDT $26.29 -0.03 0% primary theme High Yield Bond SPHY (ETF) SPDR® Portfolio High Yield Bond ETF Dividend policy Active Price as of: DEC 10, 07:00 PM EDT $26.29 -0.03 0% primary theme High Yield Bond … Unlock our full analysis with Morningstar Premium. Simplify Investing with Fixed Income ETFs, Industry Coalition Advances ETP Classification, Centralized Systematic Valuation Aggregated Cash Flow (ACF) Files, Centralized Systematic Valuation Aggregated Cash Flow (ACF) File », SPDR-Series-Trust-Equity & Fixed-Income-2019-NRA-Layout, download a prospectus or summary prospectus, State Street Global Advisors Funds Distributors, LLC, Return after Taxes on Distributions and Sale of Fund Shares, Corporate - Brokerage Assetmanagers Exchanges, 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 (the "Index"), One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes, A low cost ETF that seeks to offer exposure to over a trillion dollars of USD-denominated high yield debt, covering more than 1,800 issues, The index includes publicly issued USD high yield bonds with a below investment grade rating, at least 18 months to final maturity at the time of issuance, at least one year to maturity, a fixed coupon, and a minimum amount outstanding of $250M. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The ETFs can hold domestic and international junk bonds … Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Ten-year Treasury yield is up by 1 bps to 0.931%. 30-Day Sec yield of 5.31%. The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. Click here for more on how to use these ratings. Do you want to change your locale? Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPHY’s performance objective and investment process is for both security selection and portfolio construction. "ICE Data" and "the ICE BofA US High Yield Index" (the "Index") are trademarks of Ice Data Indices, LLC or its affiliates, and have been licensed for use by SSGA. Morningstar Quantitative Rating™ for funds. SPDR Portfolio High Yield Bond ETF (SPHY) Nasdaq Listed. 10/01 14:20. SPHY — Key Stats (updated Friday, … The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Assets under management: $5.6 billion. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV. Fund Name: SPDR® Portfolio High Yield Bond ETF: Issuer: State Street: Total Net Assets: $176,356,037: Inception: 06/18/2012: Related Index: ice bofa us high yield index: Expense Ratio: 0.15% : Net Asset … +0.05 (+0.19%) DATA AS OF Dec 15, 2020 9:47 AM ET. SPDR® Portfolio High Yield Bond ETF SPHY. ETFs are flexible and easy to trade. Effective 4/1/2019, the Fund seeks to track the ICE BofA US High Yield Index. Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC,  an indirect wholly owned subsidiary of State Street Corporation. Advertisement SPHY Profile SPHY Stock Profile & Price Dividend & Valuation Expenses Ratio & Fees Holdings Fund … Actual after-tax returns depend on the investor's tax situation and may differ from those shown. ), which is analogous to the rating a Morningstar analyst might These Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. Payable May 9; for shareholders of record May 3; ex-div May 1. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. To expand the number of funds we cover, we have developed a machine-learning model that uses the decision-making processes of our analysts, Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day. SA Breaking News. Read it carefully before investing. Asia: Japan's Nikkei 225 gained 0.18% as investors look beyond the surging virus cases . SPDR High Yield Bond ETFs give portfolios exposure to the low end of the credit quality spectrum. View the latest ETF prices and news for better ETF investing. universe to create the Morningstar Quantitative Rating (denoted on this page by a SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. SPDR Portfolio High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The SPDR ® Bloomberg Barclays High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index (the "Index") Seeks to provide a diversified exposure to US dollar-denominated high yield corporate bonds … $26.35. It is gross of any fee waivers or expense reimbursements. ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance. The lowest potential yield that can be received on a bond without the issuer actually defaulting. In general, ETFs can be expected to move up or down in value with the value of the applicable index. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. These quantitative rating predictions make up what we call the The Parent Pillar is our rating of SPHY’s parent organization’s priorities and whether they’re in line with investors’ interests. SPDR Bloomberg Barclays High Yield Bond ETF is an exchange-traded fund incorpor- ated in the USA. The number of funds that receive a Morningstar Analyst Rating is limited by the size of the Morningstar analyst team. Privacy Policy and Compare SPHY to similar fixed income funds. Find the latest quotes for SPDR Portfolio High Yield Bond ETF (SPHY) as well as ETF details, charts and news at Nasdaq.com. These bonds are defined as securities with credit ratings of less than ‘BB’. As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines. Holdings and sectors shown are as of the date indicated and are subject to change. Performance returns for periods of less than one year are not annualized. Unless otherwise noted all information contained herein is that of the SPDR Portfolio High Yield Bond ETF. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Not all products will be available to all investors. SPHY Dividend History & Description — SPDR® Portfolio High Yield Bond ETF Learn more about the SPHY SPDR® Portfolio High Yield Bond ETF at ETF Channel. Invesco Preferred ETF. ICE Data has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product, nor makes any representation or warranty, express or implied, to the owners of the licensee’s products or any member of the public regarding the licensee’s products or the advisability of investing in the licensees products, particularly the ability of the Index to track performance of any market or strategy. Find out more. View the latest ETF prices and news for better ETF investing. An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. In 2019, the portfolio granted a 6.06% dividend yield.If you are interested in getting periodic income, please refer to the SPDR Barclays High Yield Bond ETF (JNK): Dividend Yield … All rights reserved. It can be found in the fund's most recent prospectus. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used. Performance of an index is not illustrative of any particular investment. The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage. 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 (the "Index") One of the low cost core SPDR Portfolio ETFs… Investing in high yield fixed income securities, otherwise known as "junk bonds", is considered speculative and involves greater risk of loss of principal and interest than investing in investment grade fixed income securities. The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date. The People Pillar is our evaluation of the SPHY management team’s experience and ability. The Fund may not purchase securities of any issuer if, as a result, more than 5% of the Fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100). Prior to 4/1/2019, the Fund sought to track the ICE BofAML US Diversified Crossover Corporate Index. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index. Performance quoted represents past performance, which is no guarantee of future results. Get detailed information about the SPDR Portfolio High Yield Bond ETF including Price, Charts, Technical Analysis, Historical data, SPDR Portfolio High Yield Bond Reports and more. SPDR Portfolio High Yield Bond ETF declares monthly distribution of $0.1369. The Index includes securities rated below investment grade (based on an average of Moody's Investors Service, Inc., Fitch, Inc., and Standard & Poor's Financial Services, LLC) 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. Add High Yield to Your Municipal Bond Mix with the HYD ETF Ben Hernandez December 14, 2020 Government debt has typically been viewed through the lens of a solid safe haven play. SPDR Portfolio High Yield Bond ETF Price: $26.30 Change: $0.01 (0.0%) Category: High Yield Bonds. Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares. Before investing, consider the funds' investment objectives, risks, charges and expenses. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities. ICE DATA DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN AND ICE DATA SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, UNAVAILABILITY, OR INTERRUPTIONS THEREIN. While the Fund is expected to operate as a diversified fund, it may become non-diversified for periods of time solely as a result of changes in the composition of its benchmark index. Date indicated and are subject to a substantial gain or loss previous day! Coupons divided by its current price: Japan 's Nikkei 225 gained 0.18 % investors. Policy Disclosures member User Agreement Corrections Cookies, Muni National Intermediate-Term Bond ETFs of stocks including regarding. Business day was above the NAV, all Unit investment trusts team ’ S experience and ability security! 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