- What does MYCI invest in?
- The State Street My2029 Corporate Bond ETF operates with an active management strategy, focusing its investments primarily on corporate bonds scheduled to mature in the year 2029. This fund is structured to liquidate and distribute any remaining principal around December 15, 2029. Its main investment goals are to generate substantial current income while simultaneously safeguarding capital. To achieve these objectives, the fund employs a disciplined, risk-conscious methodology, combining a broad top-down macroeconomic perspective with detailed, bottom-up fundamental analysis for individual security selection. This rigorous research process aims to allocate more capital to the most attractive sectors and issuers within the market. This ETF belongs to the State Street MyIncome family of target maturity funds, offering investors an effective way to construct personalized bond ladder portfolios to better manage interest rate fluctuations, optimize cash flow, and meet specific liquidity requirements.
- What is the expense ratio of MYCI?
- State Street My2029 Corporate Bond ETF (MYCI) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MYCI's dividend yield?
- MYCI's trailing-twelve-month yield is 4.97%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MYCI?
- Effective duration measures MYCI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MYCI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MYCI?
- MYCI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MYCI?
- Yield to maturity (YTM) is the total return you'd earn from MYCI if every bond in the portfolio is held to maturity at the current price. MYCI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
