State Street My2029 Corporate Bond ETF
MYCI
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- SPDR SSGA My2029 Corporate Bond ETF (MYCI) is an actively managed exchange-traded fund that provides targeted exposure to a portfolio of primarily investment-grade U.S. dollar-denominated corporate bonds with effective maturities centered around 2029. The fund employs a risk-aware top-down sector allocation strategy combined with bottom-up security selection based on fundamental credit research to maximize current income while seeking capital preservation; it holds approximately 161 bonds across sectors including consumer non-cyclical (17.74%), technology (12.23%), consumer cyclical (11.14%), energy (9.49%), and capital goods (9.24%), with a quality breakdown dominated by Baa-rated securities (62.02%), A-rated (32.48%), Aa-rated (4.18%), and Aaa-rated (1.08%). Key portfolio characteristics include an option-adjusted duration of 3.19 years, an option-adjusted spread of 57.7 basis points, and a 30-day SEC yield of 4.12% as of September 30, 2025; top holdings feature issuers such as Philip Morris International Inc. (5.625%, 2.18% weight), Targa Resources Partners LP/Targa Resources Finance Corp. (6.875%, 2.08%), Toll Brothers Finance Corp. (3.8%, 1.88%), AT&T Inc. (4.35%, 1.62%), and AbbVie Inc. (4.8%, 1.47%). Launched on September 23, 2024, and domiciled in the United States with shares listed on NASDAQ, MYCI forms part of the SPDR SSGA MyIncome suite of target-maturity ETFs designed to facilitate custom bond ladders for managing interest rate risk, cash flows, and liquidity; the fund plans to distribute remaining principal and liquidate on or about December 15, 2029, and is managed by State Street Global Advisors (SSGA) with a gross expense ratio of 0.15%. Since inception, the fund has maintained steady operations with no reported acquisitions, mergers, or strategic alliances, though it has executed multiple monthly dividend distributions including $0.09676 per share ex-dividend March 3, 2025, $0.09475 per share ex-dividend November 3, 2025, and $0.09416 per share ex-dividend December 1, 2025, reflecting its income-oriented focus amid a stable portfolio composition as of late 2025.