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SPHY · State Street SPDR Portfolio High Yield Bond ETF

Know the company

Company overview

State Street SPDR Portfolio High Yield Bond ETF holds a broad portfolio of below-investment-grade company bonds. Coupon income is the draw, while defaults and bond prices decide whether the capital behind it holds steady.

Business: High-yield bond ETF
Listing: SPHY · NYSE Arca
Reporting period: 2026-06-30
Dividend schedule: Monthly

How the business works

Bond interest becomes net investment income after expenses. Credit losses and bond-price moves affect net asset value separately.

State Street SPDR Portfolio High Yield Bond ETF: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.14

Marketstack amount rounded to cents. Ex-dividend date: Sep 1, 2026.

Declaration, record, and payment dates are unknown. No regular or extra component is inferred.

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$1.66

Jul 1, 2025 to Jun 30, 2026

Distribution yield7.27%Sourced distributions divided by dated market price

Reported annual income yield7.08%Reported net investment income $1.6600 per share for 2025-07-01 to 2026-06-30, divided by approved 2026-06-30 market price $23.4400. Excludes capital gains; historical, not a current yield or forecast.

Reported annual investment income$1.66Per share for 2026 FY. Excludes investment gains.

Trailing 12-month distributions$1.67Recorded recurring payments per share, not a forecast

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Jul 1, 2025 to Jun 30, 2026	$1.66	SEC Announced Sep 4, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2025 to Jun 30, 2026	$23.42	-1.35%	$1.70	+6.01%	Verified company financial highlights for this exact fiscal period; total return is reported, not inferred.
Jul 1, 2024 to Jun 30, 2025	$23.74	+2.06%	$1.80	Not available	Fund financial highlights for the exact share class and reporting period.

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2023 to Jun 30, 2024	$23.26	+2.11%	$1.80	Not available	Fund financial highlights for the exact share class and reporting period.
Jul 1, 2022 to Jun 30, 2023	$22.78	+1.70%	$1.57	Not available	Fund financial highlights for the exact share class and reporting period.
Jul 1, 2021 to Jun 30, 2022	$22.40	-16.54%	$1.32	Not available	Fund financial highlights for the exact share class and reporting period.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read SPHY income

Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2025-07-01 to 2026-06-30	$1.66	$1.70	97.6%
2024-07-01 to 2025-06-30	$1.78	$1.80	98.9%

View older history (up to 7 years)

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2023-07-01 to 2024-06-30	$1.83	$1.80	101.7%
2022-07-01 to 2023-06-30	$1.57	$1.57	100.0%
2021-07-01 to 2022-06-30	$1.24	$1.32	93.9%

The assets behind the earnings

How SPHY makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$12.065 billion net assetsHigh-yield bond ETF

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

State Street SPDR Portfolio High Yield Bond ETF: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-07-01 to 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$1.6600

Total cash distributions in the same period$1.7000

For the year ended June 30, 2026, SPHY reported $1.66 of net investment income and $1.70 of distributions per share. Net asset value declined from $23.74 to $23.42. Income nearly matched cash paid, but the lower ending value keeps the full credit result in view.

State Street SPDR Portfolio High Yield Bond ETF: financial report supporting reported earnings

The income-producing business

Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

State Street SPDR Portfolio High Yield Bond ETF: financial report supporting reported earnings

What the reported earnings support

State Street SPDR Portfolio High Yield Bond ETF reported $1.6600 per share for 2025-07-01 to 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

State Street SPDR Portfolio High Yield Bond ETF: financial report supporting reported earnings

Portfolio and strategy risk

Income and capital are exposed to corporate defaults, credit spreads and interest rates.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

State Street SPDR Portfolio High Yield Bond ETF: financial report supporting reported earnings

Distribution variability

Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

State Street SPDR Portfolio High Yield Bond ETF: financial report supporting reported earnings

What would change the earnings picture?

At the next full-year report, compare coupon income and cash paid with defaults, recoveries and net asset value.

Net asset value (NAV)

NAV per share$22.62Sep 29, 2026

Market price$22.64Sep 29, 2026

PREMIUM / DISCOUNT TO NAV0.09% premiumCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

State Street company NAV and Marketstack USD closing market price, both dated 2026-09-29. The premium or discount is calculated from the two dated values. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

At the next full-year report, compare coupon income and cash paid with defaults, recoveries and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

The fund's 2025 breakdown shows mainly ordinary dividends. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Ordinary, nonqualified: 100%
Qualified dividends: 0%
Capital-gain distributions: 0%
Return of capital: 0%

Tax year: 2025. Total distributions: $1.75 per share.

Tax details and source

Total ordinary dividends (includes qualified): 100%
Section 199A portion (within ordinary dividends): 0%
Exempt-interest distributions: 0%
Reporting form: Form 1099-DIV
Source date: 2026-01-20

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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