MYMG

SPDR SSGA My2027 Municipal Bond ETF

$24.69

+0.00%

Market closed. Last update: 4:17 AM ET

📎 Investment Objective

The SPDR SSGA My2027 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 Bond 2027 Index.

Overview

ETF tracking SPDR SSGA My2027 Municipal Bond ETF

Category Municipal Bonds

Issuer State Street

Inception Date 2024-09-24

Market Cap $6.2M

Average Volume N/A

Dividend Yield 2.54%

52-Week Range $24.26 - $25.02

VWAP $24.69

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of municipal bonds with maturities that are expected to mature or be redeemed by the end of 2027. The portfolio is designed to provide exposure to the municipal bond market with a target maturity date.

✨ Key Features

Targets municipal bonds maturing or being redeemed by the end of 2027
Seeks to track the performance of the Bloomberg Barclays U.S. Municipal Bond 2027 Index
Diversified portfolio of municipal bonds across various issuers and credit qualities
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if the financial condition of municipal bond issuers deteriorates
Liquidity risk if the market for municipal bonds becomes illiquid
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, who have a moderate risk tolerance, and a medium-term investment horizon. It may be particularly attractive for investors in higher tax brackets looking for tax-exempt income.