State Street SPDR Portfolio High Yield Bond ETF (SPHY)

State Street SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund in the High Yield Bond category. It has $11.33B in assets, an expense ratio of 0.05% and a 7.24% dividend yield. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.