---
ticker: "SPHY"
name: "State Street SPDR Portfolio High Yield Bond ETF"
url: "https://etf.net/etf/SPHY"
grade: "A"
score: 89
graded_at: "2026-10-12"
category: "US High Yield"
category_rank: "1 of 85"
methodology: "https://etf.net/methodology"
---

# SPHY: State Street SPDR Portfolio High Yield Bond ETF

Grade **A**, Score 89 of 100. Rank 1 of 85 in US High Yield.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 98 | 2 of 85 |
| Mission | 100 | 1 of 74 |
| Risk | 57 | 27 of 85 |
| Tradability | 86 | 3 of 85 |
| Holdings | 95 | 3 of 85 |
| Durability | 93 | 2 of 85 |

## Top holdings

The fund holds 1919 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Ssi Us Gov Money Market Class | 1.02% |
| 2 | — | 1261229 Bc Ltd Sr Secured 144A 04/32 10 | 0.48% |
| 3 | — | Meridian Arc Holdco Llc Sr Secured 144A 04/31 6.25 | 0.39% |
| 4 | — | Echostar Corp Sr Secured 11/29 10.75 | 0.39% |
| 5 | — | Cloud Software Grp Llc Sr Secured 144A 03/29 6.5 | 0.30% |
| 6 | — | Softbank Group Corp Sr Unsecured 144A 04/32 9.25 | 0.30% |
| 7 | — | Pr Rno Property Owner 1 Sr Secured 144A 05/31 6.5 | 0.29% |
| 8 | — | Softbank Group Corp Sr Unsecured 144A 04/34 9.75 | 0.28% |
| 9 | — | Quikrete Holdings Inc Sr Secured 144A 03/32 6.375 | 0.27% |
| 10 | — | Galaxy Helios Data Cntr Sr Secured 144A 08/31 9.875 | 0.26% |
| 11 | — | Cloud Software Grp Llc Secured 144A 09/29 9 | 0.26% |
| 12 | — | Sv Rno Property Owner 1 Sr Secured 144A 03/31 5.875 | 0.25% |
| 13 | — | Crc Insurance Group Llc Sr Secured 144A 06/31 7.125 | 0.25% |
| 14 | — | Oak Eagle Acquireco Inc Sr Secured 144A 07/33 7.25 | 0.24% |
| 15 | — | Venture Global Lng Inc Sr Secured 144A 02/29 9.5 | 0.24% |
| 16 | — | Nexstar Media Inc Sr Secured 144A 09/33 6.5 | 0.24% |
| 17 | — | Transdigm Inc Company Guar 144A 05/33 6.375 | 0.23% |
| 18 | — | Centene Corp Sr Unsecured 12/29 4.625 | 0.23% |
| 19 | — | Transdigm Inc Sr Secured 144A 03/29 6.375 | 0.23% |
| 20 | — | Core Scientific Finance Sr Secured 144A 05/31 7.75 | 0.23% |
| 21 | — | Davita Inc Company Guar 144A 06/30 4.625 | 0.22% |
| 22 | — | Mauser Packaging Solut Sr Secured 144A 04/30 7.875 | 0.22% |
| 23 | — | American Airlines/Aadvan Sr Secured 144A 04/29 5.75 | 0.22% |
| 24 | — | Hub International Ltd Sr Secured 144A 06/30 7.25 | 0.22% |
| 25 | — | Sirius Xm Radio Llc Company Guar 144A 07/28 4 | 0.21% |
| 26 | — | Neptune Bidco Us Inc Sr Secured 144A 04/29 9.29 | 0.21% |
| 27 | — | Cco Hldgs Llc/Cap Corp Sr Unsecured 144A 03/30 4.75 | 0.20% |
| 28 | — | Transdigm Inc Sr Secured 144A 01/35 6.75 | 0.20% |
| 29 | — | Asurion Llc/Asurion Co Secured 144A 02/34 8.375 | 0.20% |
| 30 | — | Venture Global Plaque Sr Secured 144A 05/33 7.5 | 0.20% |

Source: etf.net, https://etf.net/etf/SPHY. Please cite the page URL.