State Street(R) SPDR(R) Bloomberg High Yield Bond ETF
SPDR SERIES TRUST · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
State Street(R) SPDR(R) Bloomberg High Yield Bond ETF is a U.S. bond index ETF that tracks the Bloomberg High Yield Very Liquid Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The State Street SPDR Bloomberg High Yield Bond ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. high yield corporate bond market.
The fund tracks the Bloomberg High Yield Very Liquid Index using a sampling strategy, holding a subset of the index's high-yield corporate bonds selected to replicate the index's risk and return characteristics. Because the fund samples rather than holds all index constituents, its performance may diverge from the index. The fund invests at least 80% of assets in index securities and economically identical bonds, and may use derivatives including credit default swaps to obtain index exposure.
| Share class | Expense ratio |
|---|---|
| JNK | 0.40% |
Portfolio turnover 49.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 97.62% |
| Cash & short-term | 5.81% |
| Stocks | 0.06% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 52.4% |
| International | 13.5% |
| Cash | 5.6% |
| Industrials | 4.0% |
| 10 smaller | 24.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: MERIDIAN ARC HOLDCO LLC, PR RNO PROPERTY OWNER 1, CORE SCIENTIFIC FINANCE, COREWEAVE INC, DISCOVERY HOLDINGS INC, APLD COMPUTECO 3 LLC, EDGED COMPUTE LLC, UNIVISION COMMUNICATIONS
Largest exited: DISCOVERY HOLDINGS INC, VENTURE GLOBAL LNG INC, IMOLA MERGER CORP, UNIVISION COMMUNICATIONS, CLEAR CHANNEL OUTDOOR HO, SIRIUS XM RADIO LLC, KIOXIA HOLDINGS CORP, HLF FIN SARL LLC/HERBALI
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.8% |
| Zero-coupon or unclassified | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.0% |
| 1-3y | 13.0% |
| 3-5y | 38.4% |
| 5-10y | 45.1% |
| 10y+ | 3.5% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 50% |
| Interest rates | 50% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.99 yr |
| Investment grade | +0.05 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.87 yr | 29% |
| 5 yr | 1.80 yr | 59% |
| 10 yr | 0.32 yr | 10% |
| 30 yr | 0.01 yr | 0% |
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.87 yr | 29% |
| 5 yr | 1.79 yr | 59% |
| 10 yr | 0.35 yr | 11% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.00 | +0.04 | $321 | $26.8k |
| 1 yr | +0.87 | +0.01 | +0.86 | $8.5k | $629.7k |
| 5 yr | +1.80 | +0.03 | +1.76 | $21.1k | $1.29m |
| 10 yr | +0.32 | +0.01 | +0.34 | $8.9k | $247.2k |
| 30 yr | +0.01 | +0.00 | +0.00 | $0 | $919 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| GVMXX | State Street Global AdvisorsGVMXX | 5.81% | $426.85M | — |
| — | 1261229 BC LTD10.00% · due 2032-04-15 | 0.63% | $46.18M | — |
| — | MERIDIAN ARC HOLDCO LLC6.25% · due 2031-04-30 | 0.56% | $41.46M | — |
| — | ECHOSTAR CORP10.75% · due 2029-11-30 | 0.51% | $37.13M | — |
| — | PR RNO PROPERTY OWNER 16.50% · due 2031-05-01 | 0.48% | $35.14M | — |
| — | CLOUD SOFTWARE GRP INC6.50% · due 2029-03-31 | 0.41% | $30.23M | — |
| — | QUIKRETE HOLDINGS INC6.38% · due 2032-03-01 | 0.40% | $29.56M | — |
| — | DISH NETWORK CORP11.75% · due 2027-11-15 | 0.40% | $29.45M | — |
| — | SV RNO PROPERTY OWNER 15.88% · due 2031-03-01 | 0.39% | $28.35M | — |
| — | CLOUD SOFTWARE GRP INC9.00% · due 2029-09-30 | 0.37% | $27.23M | — |
Top 10 positions are 9.96% of net assets, top 25 14.63%, across 700 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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