State Street My2032 Corporate Bond ETF

Frequently Asked Questions About MYCL

What does MYCL invest in?

The State Street My2032 Corporate Bond ETF is an actively managed fund with a defined maturity, primarily investing in corporate bonds slated to mature in 2032. The fund is structured to distribute all remaining principal and liquidate its holdings on or around December 15, 2032. Its main goals are to generate substantial current income while diligently working to preserve capital. This is accomplished through a sophisticated investment strategy: a risk-conscious, top-down assessment of market trends informs a thorough bottom-up selection of individual securities. Rigorous fundamental research underpins portfolio construction, aiming to allocate more capital to the most attractive sectors and bond issuers. This ETF is part of the State Street MyIncome ETF series, a suite of target maturity funds. These offerings enable investors to efficiently build customized bond ladder portfolios, thereby assisting in the management of interest rate exposure, cash flow planning, and liquidity needs.

What is the expense ratio of MYCL?

State Street My2032 Corporate Bond ETF (MYCL) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is MYCL's dividend yield?

MYCL's trailing-twelve-month yield is 4.80%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MYCL?

Effective duration measures MYCL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MYCL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MYCL?

MYCL'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 MYCL?

Yield to maturity (YTM) is the total return you'd earn from MYCL if every bond in the portfolio is held to maturity at the current price. MYCL'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.