SPDR® Bloomberg Euro High Yield Bond UCITS ETF
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General Objective
The objective of this fund is to track the performance of the fixed rate, Euro-denominated high yield corporate bond market.
Fund Exposure
The fund is exposed to fixed-rate bullet, puttable, and callable senior debt publicly issued in the Eurobond and index-member domestic markets. The maturity must be between one and up to (but not including) 15 years, and fixed-to-floating rate securities will not be included.
Risks
Risks associated with this fund include credit risk, interest rate risk, and market risk. Credit risk arises from potential defaults by bond issuers, interest rate risk from fluctuations in interest rates affecting bond prices, and market risk from general market movements impacting bond values.