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SPDR SSGA My2029 Corporate Bond ETF (MYCI)



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Upturn Advisory Summary
08/14/2025: MYCI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
SPDR SSGA My2029 Corporate Bond ETF
ETF Overview
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.
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.
Management Expertise
SSGA has a dedicated team of investment professionals with significant experience in fixed-income markets and ETF management.
Investment Objective
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
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.
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 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.

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