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MYCN ETF — Holdings & Analysis

The State Street My2034 Corporate Bond ETF (MYCN) is an actively managed fixed income ETF with a target maturity strategy, focusing on corporate bonds maturing around 2034. Launched by SPDR, MYCN has $0.01 billion in assets under management and an expense ratio of 0.15%. The fund aims to maximize current income while preserving capital, using a risk-aware approach and rigorous fundamental research. It is part of the State Street MyIncome ETFs suite, designed for building custom bond ladder portfolios.

State Street My2034 Corporate Bond ETF (MYCN) ETF — Price, Holdings & Analysis

The State Street My2034 Corporate Bond ETF (MYCN) is an actively managed fixed income ETF with a target maturity strategy, focusing on corporate bonds maturing around 2034. Launched by SPDR, MYCN has $0.01 billion in assets under management and an expense ratio of 0.15%. The fund aims to maximize current income while preserving capital, using a risk-aware approach and rigorous fundamental research. It is part of the State Street MyIncome ETFs suite, designed for building custom bond ladder portfolios.

ETF Overview

The State Street My2034 Corporate Bond ETF employs an actively managed target maturity strategy that provides exposure primarily to corporate bonds maturing in 2034 and is designed to distribute any remaining principal and liquidate on or about December 15, 2034.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.
MYCN, the State Street My2034 Corporate Bond ETF, is designed to provide investors with exposure to corporate bonds that mature in 2034. The ETF operates with an active management strategy, seeking to maximize current income and preserve capital through a combination of top-down sector allocation and bottom-up security selection. This involves in-depth fundamental research to identify attractive sectors and issuers. As a target maturity ETF, MYCN is intended to distribute any remaining principal and liquidate around December 15, 2034. The fund is part of State Street's MyIncome ETFs, a suite that allows investors to create custom bond portfolios to manage interest rate risks, cash flows, and liquidity needs. Currently, the fund has a 100% allocation to Cash & Others. The ETF's country exposure is primarily to the United States (90.1%), followed by the United Kingdom (4.2%), Canada (2.8%), Luxembourg (1.6%), and Bermuda (0.9%).

Risk Metrics

MYCN's risk profile is influenced by its active management and focus on corporate bonds. With a beta of 0.00, the fund has demonstrated very low volatility relative to the broader market, although this may not persist. The fund's concentration in Cash & Others (100%) may introduce unique risks depending on the underlying instruments. The expense ratio of 0.15% can create a slight drag on performance over time, but it is relatively low. the may be worth researching credit risk associated with corporate bonds, as well as potential interest rate sensitivity, although the target maturity structure helps mitigate some of this risk as the fund approaches its liquidation date. Past performance does not guarantee future results.

Expense Ratio

0.15%

Sector Allocation

  • Cash & Others: 100.0%
  • United States: 90.1%
  • United Kingdom: 4.2%
  • Canada: 2.8%
  • Luxembourg: 1.6%
  • Bermuda: 0.9%
  • Other: 0.4%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is MYCN and what does it track?

The State Street My2034 Corporate Bond ETF (MYCN) is an actively managed fixed income ETF that focuses on corporate bonds maturing around the year 2034. It aims to maximize current income while preserving capital through a combination of top-down sector allocation and bottom-up security selection. The fund is designed to distribute any remaining principal and liquidate on or about December 15, 2034. MYCN 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 MYCN?

The expense ratio for MYCN is 0.15%. This means that for every $10,000 invested, the fund charges $15 annually to cover its operating expenses. While there isn't a readily available category average for target maturity corporate bond ETFs, the expense ratio is relatively low compared to actively managed fixed income funds in general. This lower expense ratio can be beneficial for long-term returns, as it reduces the cost drag on investment performance.

What are the top holdings in MYCN?

As of 2026-03-15, MYCN's sector allocation is heavily weighted towards Cash & Others (100%). While specific bond holdings aren't detailed, the fund's country exposure indicates a significant allocation to United States (90.1%), followed by the United Kingdom (4.2%), Canada (2.8%), Luxembourg (1.6%), and Bermuda (0.9%). Investors should note that the fund's holdings will change over time as the fund actively manages its portfolio to achieve its investment objectives. The fund holds a total of 108 holdings.

Is MYCN a good long-term investment?

Whether MYCN is a suitable long-term investment depends on an investor's specific financial goals and risk tolerance. As a target maturity ETF, MYCN is designed to liquidate around December 15, 2034, making it a medium-term investment vehicle rather than a long-term one. The fund's active management seeks to maximize income and preserve capital, but there is no guarantee of achieving these objectives. the may be worth researching fund's expense ratio of 0.15%, its sector allocation, and its country exposure when evaluating its suitability for their portfolio. Past performance does not guarantee future results.

How does MYCN compare to similar ETFs?

MYCN differentiates itself through its target maturity date of 2034 and its active management strategy. Compared to passively managed corporate bond ETFs, MYCN has the potential for outperformance through security selection, but this also introduces the risk of underperformance. The fund's expense ratio of 0.15% is competitive. MYCN's small AUM of $0.01 billion may be a concern for some investors, as smaller funds can have wider bid-ask spreads and may be more vulnerable to liquidation. Investors should compare MYCN's strategy, holdings, and performance to other target maturity and actively managed corporate bond ETFs to determine the best fit for their needs.

Does MYCN pay dividends?

According to the provided data, MYCN has a dividend yield of 0.00%. This suggests that the fund is not currently distributing income to shareholders. However, this may change over time as the fund actively manages its portfolio and market conditions evolve. Investors seeking income should monitor the fund's dividend yield and consider other fixed income ETFs that may offer more consistent distributions.