MYMJ

SPDR SSGA My2030 Municipal Bond ETF

$24.84

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The SPDR SSGA My2030 Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the SSGA My2030 Municipal Bond Index.

Overview

ETF tracking SPDR SSGA My2030 Municipal Bond ETF

Category Municipal Bonds

Issuer State Street

Inception Date 2024-09-24

Market Cap $8.7M

Average Volume N/A

Dividend Yield 2.52%

52-Week Range $24.01 - $25.04

VWAP $24.85

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The SPDR SSGA My2030 Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the SSGA My2030 Municipal Bond Index.

🎯 Investment Strategy

The ETF invests in a diversified portfolio of municipal bonds with maturities aligned to the year 2030. The fund's holdings are designed to provide income and preserve capital as the target year approaches.

✨ Key Features

Targets municipal bonds maturing around the year 2030
Seeks to provide income and capital preservation as the target year approaches
Passively managed to track the SSGA My2030 Municipal Bond Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk as bond prices decline when interest rates rise
Credit risk if municipal bond issuers default on their debt obligations
Liquidity risk for less actively traded municipal bonds
Concentration risk as the fund is focused on a specific maturity year

👤 Best For

This ETF may be suitable for investors seeking exposure to municipal bonds with a target maturity date around 2030, who have a moderate risk tolerance, and are looking for a low-cost, passively managed investment option.