State Street My2034 Corporate Bond ETF

Frequently Asked Questions About MYCN

What does MYCN invest in?

The State Street My2034 Corporate Bond ETF operates as an actively managed investment vehicle, employing a target maturity strategy. Its primary focus is on corporate debt instruments slated to mature in 2034, and it is structured to return any remaining principal to investors before ceasing operations around December 15, 2034. This fund aims to maximize current earnings while simultaneously preserving capital. It achieves this by implementing a comprehensive investment approach that combines a high-level, risk-conscious analysis of sectors with granular, company-specific fundamental research for security selection. This meticulous process seeks to build a portfolio that strategically overweights the most attractive industries and issuers. As a component of the State Street MyIncome ETF series—a collection of target maturity funds—this particular offering serves as an efficient resource for investors. It empowers them to construct customized bond ladder portfolios, aiding in the management of interest rate volatility, optimizing cash flow, and addressing immediate liquidity needs.

What is the expense ratio of MYCN?

State Street My2034 Corporate Bond ETF (MYCN) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is MYCN's dividend yield?

MYCN's trailing-twelve-month yield is 5.20%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MYCN?

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

What is the credit quality of MYCN?

MYCN'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 MYCN?

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