SPDR® Portfolio High Yield Bond ETF
US78468R6062
SPDR® Portfolio High Yield Bond ETF/ US78468R6062 /
NAV10/31/2024 |
Chg.-0.0339 |
Type of yield |
Investment Focus |
Investment company |
23.7239USD |
-0.14% |
paying dividend |
Bonds
ETF Bonds
|
SSGA Europe ▶ |
Investment strategy
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 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
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. 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. In addition, individual securities of qualifying issuers must have a fixed coupon schedule and a minimum amount outstanding of $250 million.
Investment goal
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 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
Master data
Type of yield: |
paying dividend |
Funds Category: |
Bonds |
Country: |
United States of America |
Branch: |
ETF Bonds |
Benchmark: |
ICE BofA US High Yield Index |
Business year start: |
7/1 |
Last Distribution: |
10/1/2024 |
Depository bank: |
State Street Global Advisors |
Fund domicile: |
United States of America |
Distribution permission: |
- |
Fund manager: |
- |
Fund volume: |
- |
Launch date: |
6/18/2012 |
Investment focus: |
- |
Conditions
Issue surcharge: |
0.00% |
Max. Administration Fee: |
0.05% |
Minimum investment: |
1.00 USD |
Deposit fees: |
- |
Redemption charge: |
0.00% |
Key Investor Information: |
- |
Investment company
Funds company: |
SSGA Europe |
Address: |
78 Sir John Rogersons Quay, D02 HD32, Dublin |
Country: |
Ireland |
Internet: |
www.ssga.com
|
Countries
United States of America |
|
100.00% |