State Street My2032 Corporate Bond ETF
MYCL
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 My2032 Corporate Bond ETF (MYCL) is an actively managed exchange-traded fund that seeks to maximize current income while preserving capital through targeted exposure to investment-grade U.S. dollar-denominated corporate bonds maturing primarily in 2032. The fund employs a risk-aware top-down approach combined with bottom-up security selection to overweight attractive sectors and issuers, holding a diversified portfolio across consumer non-cyclical, technology, consumer cyclical, electric, communications, banking, energy, insurance, capital goods, and basic industry sectors; it features an option-adjusted duration of approximately 5.81 years, an option-adjusted spread of 97.2 basis points, and a gross expense ratio of 0.15% as of mid-2025. As part of the SPDR SSGA MyIncome suite of target maturity ETFs, MYCL enables investors to build custom bond ladders for managing interest rate risk, cash flows, and liquidity needs, with plans to distribute remaining principal and liquidate on or about December 15, 2032. Launched on September 23, 2024, and issued by State Street Global Advisors (SSGA), an indirect wholly-owned subsidiary of State Street Corporation headquartered at One Iron Street, Boston, Massachusetts, the ETF trades on Nasdaq and primarily targets institutional and retail fixed-income investors focused on intermediate-term corporate bond strategies. Its portfolio as of June 30, 2025, comprised 89 holdings with top exposures to issuers such as Amazon.com Inc. 4.7%, State Street Institutional Treasury Plus Fund, Advanced Micro Devices Inc. 3.924%, JBS USA Lux SA, T-Mobile USA Inc. 2.7%, Dick's Sporting Goods Inc. 3.15%, AT&T Inc. 2.25%, Church & Dwight Co. Inc. 5.6%, Philip Morris International Inc. 5.75%, and Oracle Corp. 6.25%; credit quality emphasizes Baa-rated bonds at 67.04%, followed by A-rated at 28.06%. Since inception, the fund has maintained steady monthly dividend distributions, with a trailing twelve-month yield around 4.51% and assets under management reaching approximately $6.3 million by late 2025; no major acquisitions, partnerships, funding rounds, or strategic shifts have been reported in the last year, reflecting its recent launch and focus on organic portfolio construction aligned with its target maturity benchmark, the ICE 2032 Maturity US Corporate Index.