- What does MYMI invest in?
- The State Street My2029 Municipal Bond ETF operates as an actively managed investment vehicle with a specific target maturity. It primarily invests in municipal bonds that are set to mature in 2029 and is designed to cease operations, returning all remaining principal to investors, around December 15, 2029. The fund's objectives are to maximize current income, which is exempt from federal income taxes, while diligently working to preserve capital. It employs a sophisticated investment strategy that blends a risk-aware, top-down macroeconomic perspective with detailed bottom-up security analysis. Through rigorous fundamental research, the portfolio is constructed to strategically allocate more capital to the most attractive sectors and issuers. This ETF is part of the State Street MyIncome ETFs, a family of target-maturity funds created to enable investors to efficiently build tailored bond ladder portfolios. This functionality helps in mitigating interest rate risks, optimizing cash flow streams, and fulfilling specific liquidity needs.
- What is the expense ratio of MYMI?
- State Street My2029 Municipal Bond ETF (MYMI) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MYMI's dividend yield?
- MYMI's trailing-twelve-month yield is 2.83%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MYMI?
- Effective duration measures MYMI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MYMI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MYMI?
- MYMI'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 MYMI?
- Yield to maturity (YTM) is the total return you'd earn from MYMI if every bond in the portfolio is held to maturity at the current price. MYMI'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.
