State Street My2027 Municipal Bond ETF
MYMG
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- SPDR SSGA My2027 Municipal Bond ETF (MYMG) is an actively managed target maturity exchange-traded fund that provides exposure primarily to investment-grade municipal bonds with effective maturities centered around 2027, seeking to maximize current income exempt from regular federal income taxes while preserving capital; the fund employs a risk-aware top-down sector allocation combined with bottom-up security selection through fundamental research to overweight attractive issuers and sectors such as state general obligations, water and sewer revenue bonds, city general obligations, school district bonds, toll roads, hospitals, higher education, and appropriation debt. It holds approximately 60 USD-denominated securities, predominantly rated AAA (17%) and AA (63%), with an option-adjusted duration of 1.84 years, option-adjusted spread of 31 basis points, and a gross expense ratio of 0.20%; the fund is benchmarked against the ICE 2027 Maturity US Broad Municipal Index and is designed to fully liquidate and distribute remaining principal on or about December 15, 2027, enabling investors to build custom municipal bond ladders for interest rate risk management, cash flow planning, and liquidity needs. Launched on September 23, 2024, MYMG operates as part of the SPDR SSGA MyIncome ETF suite and is issued by SSGA Active Trust, with investment management provided by State Street Global Advisors (SSGA), headquartered in Boston, Massachusetts. As a relatively new entrant in the municipal bond target maturity segment, the fund has maintained stable operations with ongoing monthly distributions, including a recent ex-dividend date of December 1, 2025, at $0.0605 per share yielding approximately 2.95% SEC yield as of late 2025, reflecting no major strategic shifts, acquisitions, partnerships, or reorganizations within its short lifespan but consistent portfolio adjustments to track its 2027 maturity target amid fluctuating municipal market conditions.