Summary
SPHY Chart
Dividend Safety Check: SPHY and High-Yield Bond Income
The SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) pays monthly distributions sourced from a basket of below-investment-grade corporate bonds, and it has done so without interruption since 2012.
HYBI: A Better Choice In 2026 Than Its Underlying ETFs SPHY, USHY And HYLB
NEOS Enhanced Income Credit Select ETF offers a ~8% monthly distribution by layering an S&P 500 index put options strategy over high-yield bond ETFs. HYBI's net yield advantage over its underlying ETFs is only 50-100 bps, largely offset by a much higher 0.68% expense ratio. The fund's value-add is regime-dependent: it outperforms in stable, elevated volatility but lags in credit stress or strong rallies due to option overlay constraints.
Advisors Capital Management LLC Has $75.43 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY
Advisors Capital Management LLC raised its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.3% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,186,914 shares of the company's stock after purchasing an additional 160,986 shares during the quarter.
SPDR Portfolio High Yield Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 105,715 | $2.52M | $2.47M | -$45,943.71 | -1.83% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 20,628 | $489,399.47 | $481,973.22 | -$7,426.25 | -1.52% |
 Woodard & Co Asset Management Woodard & Co Asset Management Group Inc. | 464 | $10,866.88 | $10,841.55 | -$25.33 | -0.23% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 45,427 | $1.07M | $1.06M | -$11,312.47 | -1.06% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 51,625 | $1.21M | $1.21M | -$1,471.93 | -0.12% |
SPDR Portfolio High Yield Bond ETF (SPHY) FAQ
What is the stock price today?
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Does it pay dividends? What is the current yield?
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Has SPDR Portfolio High Yield Bond ETF ever had a stock split?
SPDR Portfolio High Yield Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates within the financial sector, specifically focusing on investment strategies that largely involve the allocation of assets into securities that form part of a certain index. This index is particularly targeted at measuring the performance of below investment grade (high yield or junk) U.S. dollar-denominated corporate debt that is publicly issued in the U.S. domestic market. It commits to investing at least 80% of its total assets in securities making up the index, along with those that the Adviser believes possess economic characteristics closely mirroring those of the index’s securities. This approach ensures that the fund's investment strategy is closely aligned with the performance of the specified index, aiming to provide investors with returns that reflect the U.S. high-yield corporate debt market.
Products and Services
- Index-Aligned Investment Funds
This product is primarily focused on investing the bulk of the fund's assets into securities that are part of a predefined index. The index is carefully selected to represent a specific segment of the market, in this case, U.S. dollar-denominated, below investment grade corporate debt. This strategy aims to replicate the index's performance, offering investors exposure to this particular sector of the financial market.
- High Yield Corporate Debt Investment
As part of its core service offerings, the fund specializes in investing in high yield, or below investment grade, corporate debt securities. These securities are typically issued by companies that are considered to carry a greater risk of default compared to more creditworthy, investment-grade issuers. However, they offer the potential for higher yields, making them an attractive investment option for those willing to accept increased risk for the possibility of greater returns. By focusing on this segment, the fund provides a vehicle for investors to gain exposure to high-yield debt instruments, with the aim of achieving higher income and diversification benefits within their investment portfolios.
