NYSE Arca · ETF
Invest in SPHY ETF from India
Indian and foreign residents can buy State Street SPDR Portfolio High Yield Bond ETF (SPHY) units directly through Paasa.
By Paasa · Updated
SPHY at a glance
- Price
- $22.64-$0.05 (0.22%)
- Expense ratio
- 0.05%
- Day range
- $22.58 – $22.71
- Assets
- $11.8B
- Domicile
- the US
- Holdings
- 1,947
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -2.96%
- 6 months
- -1.82%
- YTD
- -4.43%
- 1 year
- -5.47%
- 5 years
- -15.43%
Price change, excluding dividends.
Top 10 holdings
- 11261229 BC LTD SR SECURED 144A 04/32 100.5%
- 2MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.250.4%
- 3ECHOSTAR CORP SR SECURED 11/29 10.750.4%
- 4CLOUD SOFTWARE GRP LLC SR SECURED 144A 03/29 6.50.3%
- 5PR RNO PROPERTY OWNER 1 SR SECURED 144A 05/31 6.50.3%
- 6QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.3750.3%
- 7CLOUD SOFTWARE GRP LLC SECURED 144A 09/29 90.3%
- 8GALAXY HELIOS DATA CNTR SR SECURED 144A 08/31 9.8750.3%
- 9CRC INSURANCE GROUP LLC SR SECURED 144A 06/31 7.1250.3%
- 10SV RNO PROPERTY OWNER 1 SR SECURED 144A 03/31 5.8750.2%
SPHY holds 1,947 securities in total. These 10 are 3.2% of the fund.
Where the money is invested
Sectors
- Financial Services99.9%
- Energy0.1%
Countries
- United States86.1%
- Canada4.4%
- United Kingdom1.8%
- Luxembourg1.4%
- France1.0%
- Japan0.8%
How to invest in SPHY from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search SPHY and buy
Find the fund by its ticker, SPHY, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SPHY from India
What SPHY holds
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in the fixed income markets of the United States. The fund invests in U.S. dollar denominated below investment grade corporate debt securities rated by Moody's, Fitch, or S&P.
Hold a dollar asset
SPHY is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one SPHY unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy SPHY from India?
Yes. Indian residents can buy State Street SPDR Portfolio High Yield Bond ETF (SPHY) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does SPHY invest in?
State Street SPDR Portfolio High Yield Bond ETF holds 1,947 securities. Its largest holdings are 1261229 BC LTD SR SECURED 144A 04/32 10 (0.5%), MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.25 (0.4%) and ECHOSTAR CORP SR SECURED 11/29 10.75 (0.4%). Energy is its largest sector at 0.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of SPHY?
State Street SPDR Portfolio High Yield Bond ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about $11.8B.
How are SPHY dividends taxed in India?
State Street SPDR Portfolio High Yield Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell SPHY?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one SPHY unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $22.64, and there is no minimum trade size.
What happens to my SPHY units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.