SPDR Blackstone High Income ETF
HYBL

$28.38

0.35%

Market Cap: 150M

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

160% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 10

19% more capital invested

Capital invested by funds: $95.9M [Q4 2023] → $115M (+$18.7M) [Q1 2024]

1.98% more ownership

Funds ownership: 74.95% [Q4 2023] → 76.92% (+1.98%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

4% less funds holding

Funds holding: 51 [Q4 2023] → 49 (-2) [Q1 2024]

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

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Research analyst outlook

We haven’t received any recent analyst ratings for HYBL.

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Financial journalist opinion

HYBL: Diversified High-Yield And Senior Loan ETF, Strong 8.2% Yield, Average Performance

HYBL is an actively managed ETF investing in high-yield bonds and senior loans. It offers investors a strong 8.2% yield and a reasonable performance track record. It is also more expensive than average, with a 0.70% expense ratio. It has failed to outperform relevant benchmarks since inception and has underperformed several of my top picks in these segments.

HYBL: Diversified High-Yield And Senior Loan ETF, Strong 8.2% Yield, Average Performance

HYBL: Active, But Unclear If It Works (Yet)

SPDR® Blackstone High Income ETF offers active management in the bond market with potential for stronger risk-adjusted returns. The HYBL ETF's investment process combines top-down asset allocation and bottom-up security selection. The fund has a diversified asset mix of high-yield corporate bonds, senior loans, and collateralized loan obligations.

HYBL: Active, But Unclear If It Works (Yet)

HYBL: Rare High-Yield Fund From Blackstone, 8% Yield

BlackRock and Blackstone are separate companies with different offerings, with BlackRock focusing on ETFs and traditional investments and Blackstone specializing in alternative assets. The SPDR Blackstone High Income ETF is an actively managed fund that aims to provide high risk-adjusted returns with less volatility. HYBL has a unique composition, including high-yield corporate bonds, senior loans, and debt tranches of US collateralized loan obligations, with a lower duration and even distribution across ratings buckets.

HYBL: Rare High-Yield Fund From Blackstone, 8% Yield

HYBL: A High Yield Debt ETF Performing Well Relative To Peers

SPDR Blackstone High Income ETF is an actively managed high-yield debt fund with a distribution yield of 7.67% and an expense ratio of 0.70%. The fund focuses on risk-adjusted total return and high current income, investing in high yield debt securities, including corporate bonds, senior loans, and collateralized loan obligations (CLOs). HYBL has performed well compared to its peers, but the historical data is too short to determine how it will manage the risks associated with its underlying asset classes.

HYBL: A High Yield Debt ETF Performing Well Relative To Peers

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