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MYCL ETF — Holdings & Analysis

The State Street My2032 Corporate Bond ETF (MYCL) is an actively managed fixed income ETF with a target maturity of 2032, focusing on corporate bonds. Launched in September 2024, MYCL has $0.01 billion in assets under management and an expense ratio of 0.15%. MYCL aims to maximize current income while preserving capital, utilizing a risk-aware approach and rigorous fundamental research. As part of the State Street MyIncome ETFs suite, MYCL allows investors to build custom bond ladder portfolios.

State Street My2032 Corporate Bond ETF (MYCL) ETF — Price, Holdings & Analysis

The State Street My2032 Corporate Bond ETF (MYCL) is an actively managed fixed income ETF with a target maturity of 2032, focusing on corporate bonds. Launched in September 2024, MYCL has $0.01 billion in assets under management and an expense ratio of 0.15%. MYCL aims to maximize current income while preserving capital, utilizing a risk-aware approach and rigorous fundamental research. As part of the State Street MyIncome ETFs suite, MYCL allows investors to build custom bond ladder portfolios.

ETF Overview

The State Street My2032 Corporate Bond ETF employs an actively managed target maturity strategy that provides exposure primarily to corporate bonds maturing in 2032 and is designed to distribute any remaining principal and liquidate on or about December 15, 2032.The fund seeks to maximize current income while seeking preservation of capital using a risk-aware, top-down approach combined with bottom-up security selection through rigorous fundamental research to construct a portfolio that seeks to overweight the most attractive sectors and issuers.The fund is one of the State Street MyIncome ETFs, a suite of target maturity funds allowing investors to efficiently build custom bond ladder portfolios to manage interest rate risks, cash flows, and liquidity needs.
The State Street My2032 Corporate Bond ETF (MYCL) is designed to provide exposure to corporate bonds maturing around 2032. It is actively managed, seeking to maximize current income while preserving capital through a combination of top-down sector allocation and bottom-up security selection. The fund's strategy involves overweighting attractive sectors and issuers based on fundamental research. MYCL is part of the State Street MyIncome ETFs, a suite of target maturity funds that enable investors to create custom bond ladder portfolios for managing interest rate risks, cash flows, and liquidity needs. As of today, a significant 100% of the fund is allocated to Cash & Others. The fund intends to distribute any remaining principal and liquidate on or about December 15, 2032.

Risk Metrics

MYCL's risk profile is influenced by its focus on corporate bonds and its target maturity strategy. As of the latest data, a substantial 100% of the fund is allocated to Cash & Others, which may reduce exposure to corporate bond market fluctuations but could also limit potential returns. The fund's beta of 0.00 indicates very low volatility relative to the broader market. The expense ratio of 0.15% introduces a minor drag on performance, which is important to consider over the fund's lifespan until its target maturity in 2032. Concentration risk is evident with a significant portion of the fund's assets held in cash, potentially impacting diversification benefits typically associated with bond ETFs. The fund's country exposure is heavily weighted towards the United States at 96.6%.

Expense Ratio

0.15%

Sector Allocation

  • Cash & Others: 100.0%
  • United States: 96.6%
  • Luxembourg: 2.3%
  • Cayman Islands: 0.5%
  • Canada: 0.3%
  • Other: 0.3%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is MYCL and what does it track?

The State Street My2032 Corporate Bond ETF (MYCL) is a fixed income ETF managed by SPDR. It aims to provide exposure to corporate bonds maturing around the year 2032. The fund employs an active management strategy, seeking to maximize current income and preserve capital. MYCL is designed to distribute any remaining principal and liquidate on or about December 15, 2032. It is part of the State Street MyIncome ETFs suite, which allows investors to build custom bond ladder portfolios to manage interest rate risks, cash flows, and liquidity needs.

What is the expense ratio for MYCL?

The expense ratio for the State Street My2032 Corporate Bond ETF (MYCL) is 0.15%. This means that for every $10,000 invested, the fund charges $15 annually to cover operating expenses. While there isn't a defined category average for target maturity ETFs, when compared to broader actively managed corporate bond ETFs, this expense ratio is generally considered competitive. the may be worth researching expense ratio as part of the overall cost of investing in the fund.

What are the top holdings in MYCL?

As of the latest available data, a significant 100% of MYCL's portfolio is allocated to "Cash & Others." While this allocation might shift over time as the fund actively manages its investments in corporate bonds, the current composition suggests a highly liquid and potentially defensive positioning. Investors should review the fund's official holdings data periodically to understand the specific corporate bond issuers and their respective weights within the portfolio as they are added.

Is MYCL a good long-term investment?

Whether MYCL is a suitable long-term investment depends on an investor's specific financial goals, risk tolerance, and investment horizon. MYCL is designed to mature around December 15, 2032, making it a potentially suitable option for investors with a similar time horizon. The fund's active management seeks to maximize income and preserve capital, but past performance does not guarantee future results. With a beta of 0.00, MYCL exhibits very low volatility relative to the broader market, which may appeal to risk-averse investors. Investors should carefully consider the fund's strategy, expense ratio, and holdings before making an investment decision.

How does MYCL compare to similar ETFs?

MYCL differentiates itself through its target maturity date of 2032 and its active management strategy. Compared to passively managed corporate bond ETFs, MYCL's active approach allows for adjustments to the portfolio based on market conditions and security selection. The fund's expense ratio of 0.15% is competitive within the actively managed fixed income ETF space. With AUM of $0.01 billion, MYCL is relatively small compared to some of the larger, more established corporate bond ETFs. Investors should compare MYCL's performance, risk metrics, and holdings against other target maturity and actively managed bond ETFs to determine the best fit for their portfolios.

Does MYCL pay dividends?

As of the latest data, the State Street My2032 Corporate Bond ETF (MYCL) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing income to shareholders in the form of dividends. However, this may change over time as the fund actively manages its portfolio and invests in corporate bonds that generate income. Investors seeking current income may want to consider other fixed income ETFs with a higher dividend yield.