State Street My2034 Corporate Bond ETF
MYCN
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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 My2034 Corporate Bond ETF (MYCN) 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 maturing in 2034. The fund employs a risk-aware top-down approach combined with bottom-up security selection to overweight attractive sectors and issuers, including bonds from consumer non-cyclical (17%), electric utilities (13%), technology (12%), and energy (12%) sectors; its portfolio features 109 holdings with top positions in securities such as General Motors Financial Company Inc. 5.95%, Imperial Brands Finance Plc 5.875%, Broadcom Inc. 3.469%, and AbbVie Inc. 5.05%. It maintains an option-adjusted duration of 6.75 years, option-adjusted spread of 88.3 basis points, and a 30-day SEC yield of 4.83%, with a gross expense ratio of 0.15%; the fund is designed as a building block for custom bond ladders to manage interest rate risk, cash flows, and liquidity, and plans to distribute remaining principal and liquidate on or about December 15, 2034. Launched on September 23, 2024, MYCN operates under SSGA Active Trust and is issued by State Street Global Advisors, based in Boston, Massachusetts, as part of the SPDR SSGA MyIncome ETFs suite targeting specific maturity years. The fund focuses on the investment grade corporate bond segment within fixed income markets, targeting institutional and retail investors seeking predictable income from USD-denominated bonds rated BBB- or higher by major agencies, with primary exposure to U.S. issuers across diverse industries. Recent developments include ongoing monthly dividend distributions, such as the $0.1013 per share declared in July 2025 and another on December 1, 2025, alongside year-to-date NAV returns of approximately 7.89% as of September 30, 2025, reflecting steady asset growth to around $7.5 million under management. No major acquisitions, partnerships, or strategic shifts have been reported since inception, with the fund maintaining its target maturity focus amid evolving interest rate environments.