I've covered the SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) several times in the past. I've been bullish, due to the fund's strong, above-average 7.7% yield, consistent outperformance relative to peers, and low 0.05% expense ratio. Recent performance has been quite good, with the fund outperforming At the CEF/ETF Income Laboratory, we manage closed-end fund ((CEF)) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. Check out what our members have to say about our service.