SPHY
SPDR Portfolio High Yield Bond ETFSPHY Fund Description
SPHY tracks an index that measures the performance of BBB and BB corporate debt publicly issued in the US.
SPHY Factset Analytics Insight
SPHY delivers on its narrow—perhaps even awkward—take on the credit spectrum, but high all-in costs reduce its appeal. The fund holds bonds teetering between investment grade and non-investment grade according to the average ratings of the three major agencies. While many investors (and even S&P itself) are dismissive of credit ratings, many indexes and institutions are nonetheless bound to buy or sell bonds when they cross the divide. Investor interest to date is modest at best: AUM totals roughly $40M and trading volume is thin. Thin volume translates to wide spreads here, pushing up all-in costs for SPHY’s unique take on corporate debt. Prior to September 23, 2019 the fund traded under the ticker CJNK.
SPHY MSCI ESG Analytics Insight
SPDR Portfolio High Yield Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.23 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Portfolio High Yield Bond ETF ranks in the 11st percentile within its peer group and in the 51st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SPHY Charts And Performance
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SPHY Summary Data
SPHY Portfolio Data
SPHY Index Data
SPHY Portfolio Management
SPHY Tax Exposures
SPHY Fund Structure
SPHY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPHY. SPHY is rated a N/A out of 5.
SPHY Tradability
SPHY Sector/Industry Breakdown
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SPHY Top 10 Holdings[View All]
SPHY Top 5 Countries
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SPHY Top 5 Currencies
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SPHY Performance Statistics
SPHY MSCI ESG Ratings
SPHY Holdings Statistics
SPHY Avg Life Maturity Distribution
SPHY OAS Breakdown
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.