MYCL

SPDR SSGA My2032 Corporate Bond ETF

$24.93

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The SPDR SSGA My2032 Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg Barclays U.S. Corporate Bond 2032 Index.

Overview

ETF tracking SPDR SSGA My2032 Corporate Bond ETF

Category Fixed Income

Issuer State Street

Inception Date 2024-09-24

Market Cap $6.2M

Average Volume N/A

Dividend Yield 3.82%

52-Week Range $23.66 - $25.29

VWAP $24.98

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of corporate bonds that are designed to mature around the year 2032. The fund aims to provide exposure to the U.S. corporate bond market with a target maturity date, offering investors a way to manage interest rate risk and cash flow needs.

✨ Key Features

Targets corporate bonds maturing around the year 2032
Seeks to track the performance of the Bloomberg Barclays U.S. Corporate Bond 2032 Index
Provides exposure to the U.S. corporate bond market with a defined maturity date
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the bonds may decline as interest rates rise
Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers
Liquidity risk: The bonds held by the fund may become difficult to trade during times of market stress
Reinvestment risk: As bonds mature, the fund may need to reinvest at lower prevailing interest rates

👤 Best For

This ETF may be suitable for investors seeking exposure to the U.S. corporate bond market with a defined maturity date, as part of a diversified fixed income allocation. It may be particularly appealing to investors nearing retirement or with specific cash flow needs around the year 2032.