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State Street SPDR Bloomberg High Yield Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Barclays High Yield Very Liquid Bond Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Nov 28, 2007 |
| Assets (mns) | $5,912 |
| Currency | USD |
| Expense ratio | 40 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 1143 |
| No of distinct issuers | 665 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 99% |
| 0.0% // | 0.6 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| TOTAL | 4.4 % |
|---|
| CCO HOLDINGS LLC | 2.0% |
| FORD MOTOR CREDIT COMPANY LLC | 1.8% |
| TENET HEALTHCARE CORPORATION | 1.3% |
| CARNIVAL CORPORATION | 1.3% |
| AMERICAN AIRLINES, INC. | 1.1% |
 |
UNITED STATES | 81.0 % |
 |
CANADA | 4.4 % |
 |
UNITED KINGDOM | 1.9 % |
 |
LUXEMBOURG | 1.4 % |
 |
MACAU | 1.3 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 8.1% | 7.2% | 4.1% | 5.1% | 5.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.53 | 18% |
| S&P500 | 0.25 | 74% |
| MSCI EAFE | 0.26 | 55% |
| MSCI Emg. Mkts. | 0.22 | 45% |
| Recent close | $97.29 |
| 30d moving avg. | $96.53 |
| Annualized volatility | 5.9% |
| Short interest (ETF) | 7.9% |
| Relative strength (RSI) | 61 |
| Avg. volume (thou.) | 5,207 |
| Avg. daily value traded (mns) | $507 |
| Turnover | 8.6% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| JNK | 4.3 yrs | Category Avg.* |
4.7 yrs |
| JNK | 4.2% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.20% | -11.2% | $86.41 |
| +200 bp | 9.20% | -7.7% | $89.75 |
| +150 bp | 8.70% | -5.9% | $91.53 |
| +100 bp | 8.20% | -4.0% | $93.38 |
| +75 bp | 7.95% | -3.0% | $94.33 |
| +50 bp | 7.70% | -2.0% | $95.30 |
| +25 bp | 7.45% | -1.0% | $96.29 |
| 0 bp | 7.20% | 0% | $97.29 |
| -25 bp | 6.95% | 1.0% | $98.31 |
| -50 bp | 6.70% | 2.1% | $99.35 |
| -75 bp | 6.45% | 3.2% | $100.41 |
| -100 bp | 6.20% | 4.3% | $101.48 |
| -150 bp | 5.70% | 6.6% | $103.68 |
| -200 bp | 5.20% | 8.9% | $105.95 |
| -300 bp | 4.20% | 13.8% | $110.70 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
720 | bp |
| Less: Annual "default factor" |
318 | bp |
| Less: Expense ratio | 40 | bp |
| Equals: ALTAR Score | 3.62 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.2% |
| Government | 6.9% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.2% |
| *Note: The State Street SPDR Bloomberg High Yield Bond ETF is classified as a Corporate fund. | |