Enlarging the actively managed Target Maturity ETFs portfolio by State Street Investment Management.
State Street Launches New ETFs for Bond Investors in the United States
State Street Investment Management, the asset management arm of State Street Corporation, has announced the launch of two new exchange-traded funds (ETFs) aimed at providing investors in the United States with targeted bond exposure. The new ETFs are the SPDR SSGA My2035 Corporate Bond ETF (MYCO) and the SPDR SSGA My2031 Municipal Bond ETF (MYMK).
The SPDR MyIncome ETF Suite, which debuted in 2024, expands with these new additions. These ETFs invest primarily in bonds maturing in their respective years, 2035 and 2031, respectively.
The investment strategies of the SPDR MyIncome ETFs are designed to allow the portfolio management team to effectively maximize yield while preserving capital. In the Fund's target maturity year, proceeds from bonds maturing prior to the Fund's liquidation date may be reinvested in cash and cash equivalents.
Investing in non-diversified funds like these may cause the value of shares to be more volatile than the values of shares of more diversified funds. It's important to note that a portion of the dividends received from the municipal market may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax.
Bonds generally present less short-term risk and volatility than stocks, but they contain interest rate risk, issuer default risk, issuer credit risk, liquidity risk, and inflation risk. Interest rate increases can cause the price of a debt security to decrease. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities.
ETFs trade like stocks and are subject to investment risk, fluctuating in market value. Brokerage commissions and ETF expenses apply to ETFs. The funds are designed to distribute any remaining principal and liquidate on or about December 15 in their final year of maturity.
State Street Global Advisors Funds Distributors, LLC is a member of FINRA and SIPC. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.
As of June 30, 2025, the SPDR MyIncome ETF Suite has over $5 trillion in assets managed. The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates and has been licensed for use by State Street Global Advisors.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the SPDR ETFs before investing. This and other important information can be found in the prospectus, which may be obtained by visiting www.spdrs.com.
Investing involves risk, including the possible loss of principal. The value of an investment in the Funds may fluctuate in response to changes in interest rates, the financial condition of the issuers of the securities in which the Funds invest, and other factors. The Funds are subject to risks associated with their respective underlying asset classes, including credit, interest rate, and inflation risk, as well as the risk of investing in municipal securities, which are subject to adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities.
The information provided is not a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy. The information provided does not constitute investment advice.
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