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SPDR Portfolio High Yield Bond ETF (SPHY)

$23.68

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Key data on SPHY

AUM

$10.19B

P/E ratio

--

Dividend yield

6.7847%

Expense ratio

0.05%

Beta

0.40897

Price on SPHY

Previous close

$23.73

Today's open

$23.70

Day's range

$23.67 - $23.74

52 week range

$22.21 - $23.99

Profile about SPHY

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Headquarters

US

Exchange

NYSE Arca

Issue type

Exchange-Traded Fund

SPHY industries and sectors

Bonds

Domestic

Top holdings in SPHY
News on SPHY

3 Top ETFs I Plan to Pile Into in December to Boost My Passive Income in 2026

The Schwab U.S. Dividend Equity ETF holds 100 top dividend-paying stocks. The JPMorgan Equity Premium Income ETF is a passive way to collect options income.

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The Motley Fool • Dec 4, 2025

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SPHY: My HY Passive Pick, But Watch Out For The OAS

State Street® SPDR® Portfolio High Yield Bond ETF is a US ETF that invests in below-investment-grade corporate bonds. In my opinion, it remains competitive both among the solutions within SPDR and among the most competitive solutions on the market. The risk of repricing, or an increase in the default rate, would accentuate the inversion of the OAS, making SPHY, in my opinion, less convenient.

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Seeking Alpha • Nov 27, 2025

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SPHY: Less Attractive In Risk-Reward

State Street SPDR Portfolio High Yield Bond ETF offers broad, low-cost exposure to US dollar-denominated high-yield bonds, closely tracking its benchmark. SPHY's portfolio is diversified, with moderate duration, strong sector replication, and a focus on higher-quality high-yield debt, yielding around 7% annually. Current market conditions—compressed spreads and rising Treasury term premiums—make the risk-return profile less attractive compared to safer alternatives.

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Seeking Alpha • Nov 20, 2025

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A New Low-Cost Short-Term ETF to Consider

Known to many for supporting ETF institutional investors that favor liquidity, State Street Investment Management has increasingly grown its ETF business by focusing on advisors and retail investors. With the launch today of a new low-cost ultra-short bond ETF, the firm has further supported that community.

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ETF Trends • Oct 8, 2025

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SPHY: Historically Tight High-Yield Spread Keeps Me On The Sidelines

I reiterate a hold rating on SPHY, as high-yield spreads are tight and upside appears limited despite a strong macro backdrop. SPHY offers a reasonable yield near 7%, low expenses, and solid liquidity, making it a decent choice for retail investors in tax-sheltered accounts. Technical signals are mixed, with shares stuck below $24 resistance and a flat 200-day moving average, suggesting continued range-bound trading.

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Seeking Alpha • Sep 5, 2025

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3 Top ETFs I Can't Wait to Buy in July to Boost My Passive Income

My top financial goal is to grow my passive income to the point where it will cover my basic living expenses. That would give me freedom from worrying about working to pay the bills.

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The Motley Fool • Jul 1, 2025

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SPHY: A Good Choice For Income-Focused Investors

SPHY offers exposure to US high-yield corporate bonds with attractive yields and low call risk, making it suitable for income-focused investors. Current macroeconomic indicators—loose financial conditions, stable bank reserves, and moderate volatility—support a favorable environment for high-yield bonds. Credit spreads remain compressed, reflecting healthy market sentiment; monitoring for spread widening is crucial for risk management.

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Seeking Alpha • Jun 23, 2025

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Why Fixed Income ETFs are Gaining Share

Earlier in May, VettaFi hosted an Income Investment Strategy Symposium. Many of the experts we talked to highlighted ETFs and we partially marketed the event on this website with “ETF” in the name.

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ETF Trends • May 19, 2025

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Profit From Wider Credit Spreads With These High-Yield Bond Funds

The ongoing trade war has led to a massive increase in uncertainty and bearish sentiment. Credit spreads have widened as a result, going from their lowest levels in history, to solidly above-average. Investing in high-yield corporate bond funds seems like an easy way to profit from these changes.

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Seeking Alpha • Apr 27, 2025

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SPHY: Credit Turmoil Rattles Junk Bonds, Caution Still Warranted

The S&P 500 has plunged 15% since President Trump's tariff announcement, impacting US stocks, global equities, Treasuries, commodities, and crypto. SPHY, a high-yield bond ETF, has seen significant growth but is vulnerable due to its high exposure to Consumer Discretionary and Energy sectors. Despite a high yield to maturity of 9%, SPHY faces risks with a potential 600 basis point junk bond spread, suggesting further price drops.

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Seeking Alpha • Apr 10, 2025

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