State Street My2030 Municipal Bond ETF

Frequently Asked Questions About MYMJ

What does MYMJ invest in?

The State Street My2030 Municipal Bond ETF is an actively managed investment vehicle primarily focused on municipal bonds scheduled to mature in 2030. Its structure dictates that it will distribute remaining principal and cease operations around December 15, 2030. Its core objectives are to maximize current income, which is exempt from regular federal income taxes, and to preserve capital. This is accomplished through a risk-conscious investment strategy that employs a top-down macro perspective alongside rigorous bottom-up fundamental research. This dual approach allows the portfolio to strategically overweigh the most attractive sectors and issuers. As part of the State Street MyIncome ETF series, this fund offers investors a streamlined way to construct tailored bond ladder portfolios. This functionality aids in effectively managing interest rate risk, optimizing cash flow, and addressing liquidity requirements.

What is the expense ratio of MYMJ?

State Street My2030 Municipal Bond ETF (MYMJ) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is MYMJ's dividend yield?

MYMJ's trailing-twelve-month yield is 2.94%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MYMJ?

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

What is the credit quality of MYMJ?

MYMJ'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 MYMJ?

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