SPDRBonds & CashHigh Yield#362 of 786 by YTD

State Street SPDR Portfolio High Yield Bond ETFSPHY

1D 1M 3M YTD 1Y 3Y 5Y MAX

S&P 500 Bucket avg Compare

$22.530.0%

$0.00 · Nov 6 close

Buy

AUM: $11.9B
Fee: 0.05%
Yield: 7.4%

Bumpy · 1Y: 0.3×S&P
Volume: 5.5M
NAV: $22.48

What's insideAll 1,925 →

1261229 BC LTD SR SECURED 144A 04/32 10 0.5%SKYDANCE CORP SECURED 144A 10/31 8.25 0.4%ECHOSTAR CORP SR SECURED 11/29 10.75 0.4%MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.25 0.4%

52-week range6% below the high

$22.32$23.86

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+0.6%	−1.2%	+1.0%	+2.5%	+27.6%	+21.3%	+95.4%
Peer average	0.0%	+0.4%	−1.1%	+1.2%	+2.7%	+26.5%	+21.3%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

SPHY in One Breath

SPHY Among High Yield ETFs

YTD

#1MHYMan Group+5.6%$33.2M

#2SEIXVirtus+4.1%$303M

#3HYZDWisdomTree+3.6%$307M

#4SLNZTCW+3.5%$225M

#5HYGHiShares+3.5%$642M

#6HYHGProShares+3.2%$238M

#7FLBLFranklin Templeton+3.2%$762M

#8LONZPIMCO+3.1%$694M

#54SPHYSPDR+1.0%$11.9B

End-of-day Nov 8, 2026 · 92 High yield ETFs by YTD

$10,000 in SPHY

$10,000 in SPHY became

$12,126

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

SPHY’s Top Holdings

Today

1261229 BC LTD1261229 Bc Sr Secured 144a 04/32 100.5%SKYDANCE COR0.4%ECHOSTAR COR0.4%MERIDIAN ARC0.4%CLOUD SOFTWA0.3%SOFTBANK GRO0.3%SOFTBANK GRO0.3%QUIKRETE HOL0.3%OAK EAGLE AC0.3%PR RNO PROPE0.3%NEXSTAR MEDI0.3%TRANSDIGM IN0.3%SV RNO PROPE0.2%SIRIUS XM RA0.2%CLOUD SOFTWA0.2%CRC INSURANC0.2%GALAXY HELIO0.2%CENTENE CORP0.2%VENTURE GLOB0.2%DAVITA INC C0.2%TRANSDIGM IN0.2%TRANSDIGM IN0.2%

SPDR SPHY · 1,946 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What SPHY Holds

Today

All holdings100.0%

1261229 BC · SKYDANCE C · ECHOSTAR C · MERIDIAN A · CLOUD SOFT · SOFTBANK G · SOFTBANK G

SPDR SPHY · share of the fund · as of Nov 6, 2026

1261229’s Share of SPHY

Today

0.5%

$5 of every $1,000 in SPHY is 1261229

1261229 held by SPHY

$58.7M

SPDR SPHY · each square = $10 of $1,000 · as of Nov 6, 2026

SPHY’s Share of High Yield ETFs

Today

8.6%

of the $138B in 109 High yield ETFs

SPHY$11.9B8.6%

USHY$27.5B20.0%

HYG$18.0B13.1%

106 others$80.3B58.3%

High yield ETF AUM · Nov 8, 2026

SPHY Fee per $100 vs Peers

Today

$0.05a year
per $100

$5 a year on $10,000

SPHY$0.05

USHY$0.08

SHYG$0.30

JNK$0.40

HYG$0.49

BKLN$0.67

Expense ratio · High yield peers · Nov 8, 2026

Inside SPHY

1,946 holdings · as of Nov 6, 2026

SPHY

State Street SPDR Portfolio High Yield Bond ETF

Today

All holdings100.0%1,942 more holdings98.4% of the fund

#	Ticker	Company	Weight ▼
1	—	1261229 BC SR Secured 144a 04/32 10	0.49%
2	—	Skydance Secured 144a 10/31 8.25	0.41%
3	—	Echostar SR Secured 11/29 10.75	0.38%
4	—	Meridian ARC Holdco LLC SR Secured 144a 04/31 6.25	0.36%
5	—	Cloud Software GRP LLC SR Secured 144a 03/29 6.5	0.30%
6	—	Softbank Group SR Unsecured 144a 04/32 9.25	0.29%
7	—	Softbank Group SR Unsecured 144a 04/34 9.75	0.28%
8	—	Quikrete SR Secured 144a 03/32 6.375	0.27%
9	—	OAK Eagle Acquireco SR Secured 144a 07/33 7.25	0.26%
10	—	PR RNO Property Owner 1 SR Secured 144a 05/31 6.5	0.26%

See all 1,925 holdings ↓

SPDR SPHY · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 5.7%

All SPHY Holdings

1,925 holdings · as of Nov 6, 2026

SPHY

SPHY’s Holdings

Today

#
1	—1261229 BC SR Secured 144a 04/32 10	0.49%	$49.33	$57.9M
2	—Skydance Secured 144a 10/31 8.25	0.41%	$41.32	$48.5M
3	—Echostar SR Secured 11/29 10.75	0.38%	$38.38	$45.0M
4	—Meridian ARC Holdco LLC SR Secured 144a 04/31 6.25	0.36%	$35.69	$41.9M
5	—Cloud Software GRP LLC SR Secured 144a 03/29 6.5	0.30%	$29.59	$34.7M
6	—Softbank Group SR Unsecured 144a 04/32 9.25	0.29%	$28.86	$33.9M
7	—Softbank Group SR Unsecured 144a 04/34 9.75	0.28%	$28.46	$33.4M
8	—Quikrete SR Secured 144a 03/32 6.375	0.27%	$26.85	$31.5M
9	—OAK Eagle Acquireco SR Secured 144a 07/33 7.25	0.26%	$26.40	$31.0M
10	—PR RNO Property Owner 1 SR Secured 144a 05/31 6.5	0.26%	$25.96	$30.5M
11	—Nexstar Media SR Secured 144a 09/33 6.5	0.25%	$25.47	$29.9M
12	—Transdigm SR Secured 144a 01/35 6.75	0.25%	$25.15	$29.5M
13	—SV RNO Property Owner 1 SR Secured 144a 03/31 5.875	0.25%	$24.81	$29.1M
14	—Sirius XM Radio LLC Company Guar 144a 07/28 4	0.25%	$24.63	$28.9M
15	—Cloud Software GRP LLC Secured 144a 09/29 9	0.24%	$24.08	$28.2M

SPDR SPHY · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

SPHY

State Street SPDR Portfolio High Yield Bond ETF’s Peers

YTD


USHY	iSharesRead Desk	0.08%	+1.0%	+2.5%	$27.5B
HYG	iSharesRead Desk	0.49%	+0.7%	+2.1%	$18.0B
SPHY	SPDRThis fundRead Desk	0.05%	+1.0%	+2.5%	$11.9B
SHYG	iSharesRead Desk	0.30%	+1.5%	+3.0%	$7.8B
JNK	SPDRRead Desk	0.40%	+0.8%	+2.5%	$6.2B
BKLN	InvescoRead Desk	0.67%	+2.8%	+4.3%	$5.8B

High yield peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put SPHY head to head with USHY →

USHY vs SPHY

YTD

USHYiShares · High yieldSPHYSPDR · High yield

Year to date

+1.0%

Level

Past year

+2.5%

Level

Fee

0.08%

0.05%

SPHY winslower fee

Yield

7.1%

7.4%

SPHY wins+0.3 pts

AUM

$27.5B

$11.9B

USHY2.3× more

2–0SPHY wins

iShares USHY and SPDR SPHY · year-to-date · as of Nov 9, 2026 · AUM not scored

SPHY vs VOO

YTD

SPHY · SPDR Portfolio High Yield Bond

+1.0%

VOO · S&P 500

+8.7%

Gap

7.7 pts

SPDR SPHY and Vanguard VOO · YTD total return · as of Nov 9, 2026

SPHY vs Its Peer Average

YTD

SPHYAvsBPeer average

1D0.0%0.0%

1M+0.6%+0.4%

3M−1.2%−1.1%

YTD+1.0%+1.2%

1Y+2.5%+2.7%

3Y+27.6%+26.5%

5Y+21.3%+21.3%

3–4Peer average wins

108 High yield peers · each row scaled to its leader

How Bumpy Is SPHY?

View

SPHY

How Bumpy

0.3×the S&P 500’s swings

CalmerBumpierS&P 1×SPHY

Calm rank among 7 high yield funds#4

Other high yield funds0.2× to 0.3×

SPDR SPHY · daily swings over the past year vs the S&P 500

SPHY

Worst Drop

−2.8%from its Aug 25 high

Still below the high−1.8%

$10,000 at the high is now$9,820

SPDR SPHY · fall from the highest close, past year

SPHY

On a Bad Day

0.2×the S&P 500’s fall

SPHY’s worst day: Friday, Mar 20

SPHY

−0.9%

S&P 500

−1.4%

Up days48 of every 100

S&P 500 up days52 of every 100

SPDR SPHY · average move on days the S&P 500 fell

SPHY

Return for the Bumps

1Y#6 of 7 high yield funds

#1BKLNInvesco

most for the bumps

#2SRLNSPDR

#3SHYGiShares

less than cash

#4JNKSPDR

less than cash

#5USHYiShares

less than cash

#6SPHYSPDR

less than cash

#7HYGiShares

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

SPHY

Cost

Today

$5a year per $10,000

SPHY

USHY

SHYG

$30

JNK

$40

HYG

$49

BKLN

$67

SRLN

$70

Expense ratio 0.05%, taken from the fund’s value

SPHY

Volatility & Beta

3.8%annual volatility

S&P 500 volatility13.6%

Downside volatility2.6%

Beta vs SPY0.20

Correlation vs SPY0.73

Beta rank, lowest first, of 7#4

Daily total returns × √252 · past 254 trading days

SPHY

Max Drawdown

−2.8%peak to trough

Peak closeAug 25, 2026

Current drawdown−1.8%

Worst day−0.94% · Mar 20

Closing prices, dividends in

SPHY

Up / Down Capture

22%down capture vs SPY

Down days

22%

Up days

23%

S&P 500

100%

Up ÷ down capture1.03

Up days47.6% (S&P 52.0%)

Average daily move on SPY up days and down days

SPHY

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
BKLN	0.18	0.27	3.0%	−3.1%	0.13	$67
SRLN	0.02	0.03	3.2%	−3.3%	0.15	$70
SHYG	−0.25	−0.38	3.2%	−2.1%	0.17	$30
JNK	−0.32	−0.46	3.9%	−3.0%	0.21	$40
USHY	−0.32	−0.46	3.8%	−2.8%	0.21	$8
SPHY	−0.32	−0.47	3.8%	−2.8%	0.20	$5
HYG	−0.41	−0.59	3.9%	−2.9%	0.21	$49

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

SPHY

Trading

Today

+0.22%above its holdings’ value

Close$22.53

NAV$22.48

Fee per $10,000$5 a year

Avg. volume 30D7.3M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

SPHY

Fund Facts

Today

2012launched Jun 18

Tracks[…]

Exchange · CUSIPAMEX · 78468R606

StructureETF

Leverage1x

Cost on $10,000$5 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

SPDR SPHY · fund facts · as of Nov 9, 2026

SPHY

Payouts by Year

$0.14per share, Nov 2026

Distribution yield7.4%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 5, 2026

12 payouts added up$1.67 a share

SPDR SPHY · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗SEC reported portfolio · 2024-12-31 ↗SEC reported portfolio · 2024-09-30 ↗

Trading & Liquidity

Net asset value$22.48

Premium / discount[…]

Median spread · 30D[…]

Volume today5.5M

Average volume · 30D7.3M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.05%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$5.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 5, 2026	$0.14
Oct 1, 2026	Oct 6, 2026	$0.14
Sep 1, 2026	Sep 4, 2026	$0.14
Aug 3, 2026	Aug 6, 2026	$0.14
Jul 1, 2026	Jul 7, 2026	$0.14
Jun 1, 2026	Jun 4, 2026	$0.14
May 1, 2026	May 6, 2026	$0.14
Apr 1, 2026	Apr 6, 2026	$0.14
Mar 2, 2026	Mar 5, 2026	$0.14
Feb 2, 2026	Feb 5, 2026	$0.14
Dec 18, 2025	Dec 23, 2025	$0.14
Dec 1, 2025	Dec 4, 2025	$0.14

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