SPDR Portfolio High Yield Bond ETF Yields 6.7% with 0.05% Fees on $10.8B Assets
SPDR Portfolio High Yield Bond ETF holds $10.8 billion in assets and yields 6.7% with a 0.05% expense ratio, tracking the ICE BofA US High Yield Index. Its portfolio leans into consumer cyclicals (18%), communications (15%), and staples (11%), exposing investors to credit risk during economic downturns.
1. ETF Overview
SPDR Portfolio High Yield Bond ETF is a passive fixed-income fund tracking the ICE BofA US High Yield Index, comprising below-investment-grade corporate bonds. It manages $10.8 billion in assets, yields 6.7% and charges a 0.05% expense ratio, the lowest fee among comparable high-yield bond ETFs.
2. Income and Distribution History
The fund has maintained consistent monthly payouts, distributing $0.1396 per share in March 2026 and $0.1379 in February. Its track record of regular distributions dates back to its 2012 inception, making it a reliable income vehicle for investors.
3. Credit Exposure and Risk Profile
SPHY’s portfolio is heavily weighted toward consumer cyclicals (18%), communications (15%) and consumer staples (11%), sectors sensitive to consumer spending trends. As a below-investment-grade debt fund, it carries elevated default risk that could erode income and principal during economic downturns.