State Street Investment Management Expands Actively Managed Target Maturity ETFs Suite
- SPDR® SSGA My2035 Corporate Bond ETF and SPDR® SSGA My2031 Municipal Bond ETF provide new solutions for investors to build their own custom bond ladders, which are portfolios of fixed-income securities with varying maturity dates designed to minimize interest-rate risk, increase liquidity, and diversify credit risk
- Investors can leverage the potential benefits of actively managed target maturity ETFs to manage their respective cash flow, interest rate and liquidity needs
- Funds are actively managed using a risk-aware, top-down approach combined with bottom-up security selection that seeks to overweight the most attractive sectors and issuers
State Street Investment Management announced today the launch of the SPDR® SSGA My2035 Corporate Bond ETF (MYCO) and SPDR® SSGA My2031 Municipal Bond ETF (MYMK). The two funds expand the SPDR MyIncome ETF Suite, which debuted in 2024 as one of the first actively managed corporate and municipal target maturity bond ETFs in the U.S. market.
"Our growing suite of MyIncome ETFs are designed to help investors pursue higher yields while simultaneously managing risk and cash drag, thanks to the bond selection and management expertise of our portfolio managers," Anna Paglia, Chief Business Officer for State Street Investment Management. "Building a bond ladder with MyIncome, regardless of the market environment or the direction of interest rates, can potentially help build more reliable income streams."
Actively managed by State Street Investment Management's Active Fixed Income Portfolio Management Team, the SPDR SSGA My2035 Corporate Bond ETF invests primarily in corporate bonds maturing in the year 2035, and the SPDR SSGA My2031 Municipal Bond ETF invests primarily in municipal bonds maturing in the year 2031. The funds are designed to distribute any remaining principal and liquidate on or about December 15 in their final year of maturity.
The investment strategies of the SPDR® SSGA MyIncome ETFs are designed to allow the portfolio management team to effectively maximize yield while preserving capital through a robust investment process and prudent risk management. State Street Investment Management's active approach seeks to enhance the income profile of a target maturity ETF portfolio, while also managing for liquidity, sector, issuer concentration, and broader macro risks.
For more information on the SPDR MyIncome ETF Suite click here.
About State Street Investment Management
At State Street Investment Management, we have been helping to deliver better outcomes to institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in over 60 countries, and a global network of strategic partners, we use our scale to create a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management business of State Street Corporation (NYSE:STT).
*This figure is presented as of June 30, 2025 and includes ETF AUM of $1,689.83 billion USD of which approximately $116.05 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.
Important Risk Information
State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information.
Investing involves risk including the risk loss of principal.
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The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses
Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.
Actively managed ETFs do not seek to replicate the performance of a specified index. The Fund is actively managed and may underperform its benchmarks. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.
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. The Funds are designed to terminate on or about December 15 in their final target year of maturity at which point the Funds will distribute remaining net assets to shareholders pursuant to a plan of liquidation. The Funds do not seek to distribute any predetermined amount at maturity.
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. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax.
Non-diversified fund may invest in a relatively small number of issuers. The value of shares of non-diversified funds may be more volatile than the values of shares of more diversified funds.
Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and have been licensed for use by State Street Global Advisors. S&P® , SPDR® , S&P 500® ,US 500 and the 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices. "
Distributor State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. 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.
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visitssga.com. Read it carefully.
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Exp. Date 9/30/2026
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Michael Kingsley
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