MYCH

SPDR SSGA My2028 Corporate Bond ETF

$25.05
+0.00%
Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The SPDR SSGA My2028 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 Index with a target maturity date of 2028.

Overview

ETF tracking SPDR SSGA My2028 Corporate Bond ETF

Issuer State Street
Inception Date 2024-09-24
Market Cap $27.5M
Average Volume N/A
Dividend Yield 3.77%
52-Week Range $24.40 - $25.18
VWAP $25.05

Performance

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Investment Summary

📎 Investment Objective

The SPDR SSGA My2028 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 Index with a target maturity date of 2028.

🎯 Investment Strategy

The ETF invests in a portfolio of U.S. corporate bonds with a target maturity date of 2028. The fund aims to track the performance of the underlying index by holding a representative sample of the index constituents.

✨ Key Features

  • Targets a 2028 maturity date, providing exposure to U.S. corporate bonds
  • Passively managed to track the Bloomberg Barclays U.S. Corporate Bond Index
  • Low expense ratio of 0.00%
  • Relatively low assets under management of $0

⚠️ Primary Risks

  • Interest rate risk: The value of the fund's holdings may decline as interest rates rise
  • Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers
  • Liquidity risk: The fund may have difficulty trading certain illiquid or less liquid securities
  • Tracking error risk: The fund may not perfectly track the performance of the underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to U.S. corporate bonds with a target maturity date of 2028. It could be a component of a diversified fixed income portfolio, particularly for investors with a medium-term investment horizon. However, given the low assets under management, investors should carefully consider the fund's liquidity and trading volume before investing.