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Upturn AI SWOT - About
SPDR SSGA My2028 Corporate Bond ETF (MYCH)
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Upturn Advisory Summary
08/14/2025: MYCH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 3.21% | Avg. Invested days 68 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 23.92 - 25.02 | Updated Date 06/28/2025 |
52 Weeks Range 23.92 - 25.02 | Updated Date 06/28/2025 |
Upturn AI SWOT
SPDR SSGA My2028 Corporate Bond ETF
ETF Overview
Overview
The SPDR SSGA My2028 Corporate Bond ETF (SPYB) is a target maturity ETF that invests primarily in U.S. dollar-denominated investment grade corporate bonds. It aims to provide investment results that closely correspond to the performance of the ICE BofA 2028 Maturity Corporate Bond Index.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable issuer with a long track record in the ETF market.
Management Expertise
SSGA has extensive experience and expertise in managing fixed income ETFs.
Investment Objective
Goal
Seeks to track the investment results of a broad-based index composed of U.S. dollar-denominated, investment grade corporate bonds maturing in 2028.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, attempting to replicate the performance of the ICE BofA 2028 Maturity Corporate Bond Index.
Composition The ETF holds primarily investment-grade corporate bonds maturing in 2028.
Market Position
Market Share: SPYB's market share is modest compared to broader bond ETFs, reflecting its specific maturity target.
Total Net Assets (AUM): 122700000
Competitors
Key Competitors
- iShares iBonds Dec 2028 Term Corporate ETF (IBDM)
- Invesco BulletShares 2028 Corporate Bond ETF (BSCS)
Competitive Landscape
The target maturity corporate bond ETF market is competitive, with iShares and Invesco being major players. SPYB's advantage lies in SSGA's brand and potential for slightly different index tracking. Disadvantages include lower AUM compared to some competitors, potentially affecting liquidity and tradability.
Financial Performance
Historical Performance: Historical performance can be gauged by looking at past years. For example, 2023 4.3%, 2022 -13.16%, 2021 1.39%
Benchmark Comparison: The ETF's performance should closely track the ICE BofA 2028 Maturity Corporate Bond Index. Deviations can occur due to expense ratios and tracking error.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The ETF's average trading volume reflects the interest in 2028 maturity bonds and can be moderate compared to more popular ETFs.
Bid-Ask Spread
The bid-ask spread is typically low, but may widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation expectations, and credit spreads significantly influence the ETF's performance.
Growth Trajectory
Growth is dependent on the demand for target maturity strategies and the overall health of the corporate bond market; any strategic shifts would be minor.
Moat and Competitive Advantages
Competitive Edge
SPYB benefits from SSGA's established presence in the ETF market and its ability to provide a low-cost, passively managed investment option. The target maturity strategy is attractive to investors seeking a specific date for bond redemption. A defined maturity date helps investors align bond investments with future liabilities or income needs. Investors appreciate the simplicity and transparency of the investment approach.
Risk Analysis
Volatility
The ETF's volatility is generally lower than that of equity ETFs but is sensitive to interest rate changes and credit risk.
Market Risk
The ETF is subject to interest rate risk (rising rates decrease bond values) and credit risk (the risk that issuers default on their bonds).
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking a predictable stream of income and capital preservation with a specific investment horizon ending in 2028.
Market Risk
This ETF is suitable for long-term investors who want to align their bond investments with a specific future date.
Summary
The SPDR SSGA My2028 Corporate Bond ETF (SPYB) offers a targeted exposure to investment-grade corporate bonds maturing in 2028. It's passively managed and seeks to replicate the performance of the ICE BofA 2028 Maturity Corporate Bond Index. It is suitable for investors with a defined investment horizon, aiming to align bond maturities with future needs. While it faces competition from similar target maturity ETFs, its low expense ratio and SSGA's brand recognition are potential advantages. Investors should be aware of interest rate and credit risks associated with corporate bonds.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR SSGA My2028 Corporate Bond ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal circumstances, SSGA Funds Management, Inc. invests at least 80% of the fund"s net assets (plus borrowings for investment purposes) in corporate bonds. The fund primarily invests in corporate bonds maturing in the year 2028, which may include bonds with embedded issuer call options falling within that year. The fund is non-diversified.
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