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MYCI
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SPDR SSGA My2029 Corporate Bond ETF (MYCI)

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$24.96
Last Close (24-hour delay)
Profit since last BUY3.18%
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Consider higher Upturn Star rating
BUY since 115 days
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Upturn Advisory Summary

08/14/2025: MYCI (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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 2.02%
Avg. Invested days 62
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta -
52 Weeks Range 23.70 - 24.96
Updated Date 06/28/2025
52 Weeks Range 23.70 - 24.96
Updated Date 06/28/2025

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SPDR SSGA My2029 Corporate Bond ETF

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ETF Overview

overview logo Overview

The SPDR SSGA My2029 Corporate Bond ETF (SPYB) seeks to provide investment results that correspond generally to the price and yield performance of the ICE BofA 2029 Maturity Corporate Bond Index. It focuses on U.S. dollar-denominated, investment-grade corporate bonds with a final maturity date in the year 2029.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is one of the largest asset managers globally, known for its extensive ETF offerings and established track record.

reliability logo Management Expertise

SSGA has a dedicated team of investment professionals with significant experience in fixed-income markets and ETF management.

Investment Objective

overview logo Goal

The ETF aims to track the performance of the ICE BofA 2029 Maturity Corporate Bond Index, providing exposure to a portfolio of corporate bonds maturing in 2029.

Investment Approach and Strategy

Strategy: The ETF employs a passive investment strategy, seeking to replicate the index's composition and weighting.

Composition The ETF holds a diversified portfolio of U.S. dollar-denominated, investment-grade corporate bonds with a maturity date in 2029.

Market Position

Market Share: SPYB's market share within the target maturity corporate bond ETF segment is moderate and subject to change based on market conditions and investor flows.

Total Net Assets (AUM): 75630794

Competitors

overview logo Key Competitors

  • iShares iBonds Dec 2029 Term Corporate ETF (IBDQ)
  • Invesco BulletShares 2029 Corporate Bond ETF (BSCS)

Competitive Landscape

The market for target maturity corporate bond ETFs is moderately competitive. SPYB competes with similar ETFs from iShares and Invesco. SPYB's advantage lies in its established issuer (SSGA) and its track record. Disadvantages include potentially higher expense ratios compared to some competitors, although the differences are often marginal.

Financial Performance

Historical Performance: Historical performance data should be sourced from reputable financial data providers. Performance varies depending on the time period analyzed.

Benchmark Comparison: The ETF's performance closely tracks the ICE BofA 2029 Maturity Corporate Bond Index, with minor deviations due to expense ratios and tracking error.

Expense Ratio: 0.04

Liquidity

Average Trading Volume

The ETF exhibits moderate liquidity, with an average trading volume that allows for relatively easy buying and selling of shares.

Bid-Ask Spread

The bid-ask spread is typically tight, reflecting the ETF's liquidity and efficient market making.

Market Dynamics

Market Environment Factors

Economic indicators, interest rate movements, and corporate credit spreads significantly impact SPYB's performance. Changes in these factors can affect the value of the underlying corporate bonds.

Growth Trajectory

Growth trends are tied to investor demand for target maturity bond ETFs and the overall interest rate environment. Changes to strategy and holdings are infrequent, reflecting the passive nature of the ETF.

Moat and Competitive Advantages

Competitive Edge

SPYB benefits from being offered by SSGA, a well-established and reputable asset manager. Its passive tracking strategy provides transparent exposure to a portfolio of investment-grade corporate bonds maturing in 2029. This appeals to investors seeking predictable income and a defined maturity date. The fund's liquidity and relatively low expense ratio contribute to its competitive edge.

Risk Analysis

Volatility

The ETF's volatility is generally moderate, reflecting the investment-grade nature of its underlying holdings. However, interest rate risk and credit risk can contribute to price fluctuations.

Market Risk

Specific risks include interest rate risk (changes in interest rates affecting bond values), credit risk (risk of bond issuers defaulting), and inflation risk (inflation eroding returns).

Investor Profile

Ideal Investor Profile

The ETF is suitable for investors seeking predictable income, a defined maturity date, and exposure to investment-grade corporate bonds. It is often used by investors planning for specific future liabilities or seeking to ladder bond maturities.

Market Risk

The ETF is best for long-term investors seeking a passive, buy-and-hold strategy. It may not be suitable for active traders seeking short-term gains.

Summary

The SPDR SSGA My2029 Corporate Bond ETF offers investors a simple and transparent way to gain exposure to a portfolio of investment-grade corporate bonds maturing in 2029. It tracks the ICE BofA 2029 Maturity Corporate Bond Index and is managed by State Street Global Advisors. With a low expense ratio and moderate liquidity, it's suitable for long-term investors planning for future liabilities or seeking predictable income. While it carries interest rate and credit risks, the fund provides diversification and a defined maturity date, making it a useful tool for fixed-income portfolio construction.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • State Street Global Advisors (SSGA)
  • Bloomberg
  • FactSet

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About SPDR SSGA My2029 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 2029, which may include bonds with embedded issuer call options falling within that year. The fund is non-diversified.