MYMI

SPDR SSGA My2029 Municipal Bond ETF

$24.65

+0.00%

Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The SPDR SSGA My2029 Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Municipal 2029 Index.

Overview

ETF tracking SPDR SSGA My2029 Municipal Bond ETF

Category Municipal Bonds

Issuer State Street

Inception Date 2024-09-24

Market Cap $12.3M

Average Volume N/A

Dividend Yield 2.52%

52-Week Range $23.97 - $25.00

VWAP $24.64

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of municipal bonds that mature in 2029, with the goal of providing exposure to the municipal bond market and its potential income and capital appreciation.

✨ Key Features

Targets municipal bonds maturing in 2029, providing exposure to a specific maturity date
Seeks to track the performance of the Bloomberg Barclays U.S. Municipal 2029 Index
Low expense ratio of 0.00%
Provides diversified exposure to the municipal bond market

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the credit risk of the underlying municipal bond issuers
Liquidity risk: The municipal bond market may experience periods of lower liquidity, which could affect the fund's ability to sell its holdings
Concentration risk: The fund's focus on a specific maturity date may result in higher volatility compared to more diversified municipal bond funds

👤 Best For

The SPDR SSGA My2029 Municipal Bond ETF may be suitable for investors seeking exposure to the municipal bond market with a focus on a specific maturity date, and who have a moderate risk tolerance and a medium-term investment horizon.