State Street Blackstone High Income ETF

Frequently Asked Questions About HYBL

What does HYBL invest in?

The State Street Blackstone High Income ETF (HYBL) is an actively managed fund designed to deliver an attractive overall return and significant current income. It strives to achieve this with lower price fluctuations compared to broader bond and loan markets throughout various economic cycles. Its portfolio consists of higher-yielding corporate debt, senior secured loans, and portions of U.S. collateralized loan obligations (CLOs). The fund employs a dual-pronged investment strategy: a top-down asset allocation framework guides the proportion of capital dedicated to each asset class, considering broad economic trends, market dynamics, underlying financial health, and relative value opportunities; concurrently, a bottom-up approach to security selection is used to populate the portfolio, where individual holdings are chosen based on rigorous fundamental credit analysis within each asset class.

What is the expense ratio of HYBL?

State Street Blackstone High Income ETF (HYBL) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

What is HYBL's dividend yield?

HYBL's trailing-twelve-month yield is 7.07%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HYBL?

Effective duration measures HYBL's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HYBL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HYBL?

HYBL's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HYBL?

Yield to maturity (YTM) is the total return you'd earn from HYBL if every bond in the portfolio is held to maturity at the current price. HYBL's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.