State Street® Blackstone High Income ETF

What this fund is

State Street® Blackstone High Income ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker HYBL (ISIN US78470P8462). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread across its target market. Rather than a manager picking stocks, it simply replicates the Bloomberg U.S. Aggregate Bond Index index — the passive, low-cost approach, and its largest holdings include Discovery Global Holdings Inc aka WarnerMedia Holdings Inc/WarnerMedia/Warner Brothers Discover 06/03/2033, Hopper Merger Sub Inc aka Hologic 04/07/2033 and State Street Blackstone Senior Loan ETF.

With about 631 holdings (the ten largest ≈ 8.5%), your money is diversified rather than concentrated in a handful of names. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.7% a year — about €70 a year on a €10,000 holding, taken automatically from the fund. It is a distributing share class — dividends are paid to you as cash rather than reinvested, and over the last year it paid out roughly 7.14% (its trailing yield). It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD.

Its price has swung about 2.6% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2022. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from SPDR.)