State Street My2031 Corporate Bond ETF
MYCK
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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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.Quarterly Dividends 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 25, 2024
- CIK
- 0001516212
- Website
- ssga.com
- Similar Companies
- Business
- SPDR SSGA My2031 Corporate Bond ETF (MYCK) is an actively managed exchange-traded fund that seeks to maximize current income while preserving capital by investing primarily in U.S. dollar-denominated investment grade corporate bonds with effective maturities in 2031; the portfolio employs a risk-aware top-down sector allocation combined with bottom-up security selection through fundamental research; it includes bonds rated BBB- or higher, encompassing sectors such as consumer non-cyclical (17.72%), technology (12.09%), consumer cyclical (9.31%), electric utilities (9.12%), and REITs (8.68%), with top holdings like Philip Morris International Inc. 5.125%, Extra Space Storage LP 5.9%, and Micron Technology Inc. 5.3%; the fund targets institutional and retail fixed income investors seeking predictable cash flows and interest rate risk management as part of custom bond ladders. Launched on September 23, 2024, MYCK forms part of the SPDR SSGA MyIncome suite of target maturity ETFs issued by State Street Global Advisors (SSGA), based in Boston, Massachusetts; the fund, with a gross expense ratio of 0.15% and assets under management around $6 million, benchmarks against the ICE 2031 Maturity US Corporate Index and plans to liquidate on or about December 15, 2031, distributing remaining principal; it operates exclusively in U.S. markets, holding approximately 114 bonds with an option-adjusted duration of 4.88 years and a 30-day SEC yield of 4.41% as of September 30, 2025. In recent developments, MYCK has maintained monthly dividend distributions, including $0.09511 per share ex-dividend on November 3, 2025, $0.09541 on September 2, 2025, and $0.09661 on June 2, 2025, reflecting steady income generation amid its short operating history; the broader SPDR MyIncome suite expanded in 2025 with new target maturity funds, enhancing State Street Investment Management's offerings for laddered fixed income strategies; no major acquisitions, partnerships, or strategic shifts specific to MYCK have been reported within the last year, with focus remaining on active portfolio management toward its 2031 maturity.