State Street My2029 Municipal Bond ETF
MYMI
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.- 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 My2029 Municipal Bond ETF (MYMI) is an actively managed exchange-traded fund that provides exposure primarily to investment-grade municipal bonds maturing in 2029, with a focus on maximizing current income exempt from regular federal income taxes while preserving capital; the fund employs a risk-aware top-down approach combined with bottom-up security selection to overweight attractive sectors and issuers such as appropriation debt, school districts, state general obligations, water and sewer revenue bonds, hospitals, airports, tax-backed districts, higher education, sales tax, and toll roads, bridges and tunnels. Launched on September 23, 2024, and listed on NASDAQ, MYMI is part of the SPDR SSGA MyIncome ETFs suite, enabling investors to build custom bond ladders for interest rate risk management, cash flow planning, and liquidity needs; it tracks characteristics aligned with the ICE 2029 Maturity US Broad Municipal Index, featuring 94 holdings, an option-adjusted duration of 3.00 years, an option-adjusted spread of 30.7 basis points, and a quality breakdown predominantly in AA (57.57%) and A (27.89%) ratings, with maturities concentrated in the 3-5 year bucket (77.26%). The ETF, managed by State Street Global Advisors with a gross expense ratio of 0.20%, is designed to distribute remaining principal and liquidate on or about December 15, 2029, and operates in the U.S. municipal bond market serving tax-sensitive fixed income investors seeking defined maturity strategies. In recent developments since its inception less than 15 months ago, MYMI has delivered a year-to-date NAV total return of 2.36% and a 30-day SEC yield of 2.83% as of September 30, 2025, reflecting steady performance amid municipal market volatility; the fund marked its first full year of operation in 2025 with assets under management reaching approximately $12.3 million and an annualized dividend yield around 3%, supported by monthly distributions including $0.058 per share in December 2025; as the newest addition to State Street's target maturity municipal offerings, it expanded the MyIncome series without reported acquisitions, partnerships, or structural changes. Headquartered in Boston, Massachusetts, through State Street Global Advisors (now branded as State Street Investment Management), MYMI targets North American institutional and retail investors focused on tax-exempt fixed income, with no subsidiaries or parent fund relationships beyond the broader SPDR portfolio.