State Street My2027 Corporate Bond ETF
MYCG
NASDAQ Global Market- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Sep 24, 2024
- CIK
- 0001516212
- Website
- ssga.com
- Similar Companies
- Business
- SPDR SSGA My2027 Corporate Bond ETF (MYCG) is an exchange-traded fund that seeks to track the performance of the Bloomberg U.S. Corporate 1-5 Year 2027 Maturity Index, providing targeted exposure to investment-grade corporate bonds maturing in 2027. The ETF offers investors a portfolio of fixed-income securities, including USD-denominated bonds issued by U.S. and non-U.S. industrial, utility, and financial corporations rated investment grade by major credit rating agencies; it employs a sampling strategy to replicate the index while minimizing transaction costs and tracking error. Managed by State Street Global Advisors (SSGA), the fund focuses on intermediate-term corporate debt within the 1-5 year maturity range centered on 2027, serving institutional and retail investors seeking yield and duration management in a laddered bond approach. Headquartered in Boston, Massachusetts, SSGA launched the MYCG ETF in late 2022 as part of its suite of target-maturity bond ETFs designed for predictable cash flows and reduced interest rate risk as bonds approach their 2027 maturity date. The fund operates globally through its underlying bond holdings, which span issuers across North America, Europe, and select emerging markets, with primary liquidity on U.S. exchanges like NYSE Arca. It targets fixed-income allocators, retirement plans, and tactical duration strategists in the broader asset management industry. In recent developments, SSGA expanded its target-maturity ETF lineup in 2024 with additional vintages, enhancing MYCG's role within a comprehensive laddering strategy; the fund also benefited from increased inflows amid rising interest rates, reflecting investor shifts toward defined-maturity corporate bond products. No major acquisitions or name changes have occurred, but SSGA announced strategic enhancements to its fixed-income ETF platform in mid-2025, including improved liquidity provisions and index rebalancing to adapt to evolving corporate bond market dynamics. These updates position MYCG for sustained appeal in a higher-for-longer rate environment.