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SPDR SSGA My2032 Corporate Bond ETF (MYCL)



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Upturn Advisory Summary
08/14/2025: MYCL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -1.27% | Avg. Invested days 30 | 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 23.20 - 24.63 | Updated Date 06/28/2025 |
52 Weeks Range 23.20 - 24.63 | Updated Date 06/28/2025 |
Upturn AI SWOT
SPDR SSGA My2032 Corporate Bond ETF
ETF Overview
Overview
The SPDR SSGA My2032 Corporate Bond ETF (NYSE Arca: CB32) is a target maturity corporate bond ETF. It focuses on investment-grade U.S. corporate bonds maturing in 2032, providing a defined maturity date. The fund aims to provide current income and capital preservation by holding a diversified portfolio of corporate bonds. It utilizes a buy-and-hold investment strategy, selecting bonds that mature in the target year.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable ETF issuer with a long track record in the asset management industry.
Management Expertise
SSGA has extensive experience in managing fixed-income ETFs and a team of professionals dedicated to bond portfolio management.
Investment Objective
Goal
The primary investment goal is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Corporate Bond 10+ Year Index with a target maturity of 2032.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the performance of the Bloomberg U.S. Corporate Bond 10+ Year Index with a 2032 target maturity, employing a full replication strategy or representative sampling.
Composition The ETF holds a portfolio of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2032.
Market Position
Market Share: CB32 has a relatively small market share compared to broader corporate bond ETFs.
Total Net Assets (AUM): 17450000
Competitors
Key Competitors
- iShares iBonds Dec 2032 Term Corporate ETF (IBDU)
Competitive Landscape
The competitive landscape consists of other target maturity corporate bond ETFs. CB32's advantage lies in SSGA's brand recognition, while disadvantages include lower AUM and trading volume compared to larger competitors like IBDU. IBDU has the first mover advantage and higher AUM. They both have similar investment strategies but IBDU has more liquidity.
Financial Performance
Historical Performance: The historical performance is dependent on the bond market's interest rate environment and credit spreads.
Benchmark Comparison: The ETF's performance should closely track the Bloomberg U.S. Corporate Bond 10+ Year Index with a 2032 target maturity.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The average trading volume for CB32 is relatively low, suggesting moderate liquidity.
Bid-Ask Spread
The bid-ask spread may be wider than more liquid bond ETFs, reflecting its lower trading volume.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation expectations, and credit spreads significantly affect CB32's performance.
Growth Trajectory
The ETF's growth trajectory is dependent on investor demand for target maturity corporate bond strategies and the overall bond market environment. The ETF will mature in 2032.
Moat and Competitive Advantages
Competitive Edge
CB32 offers investors a targeted exposure to corporate bonds maturing in 2032, providing a predictable maturity date and a buy-and-hold strategy that can reduce portfolio turnover. It's managed by SSGA, a well-known and respected asset manager. The ETF aims to provide income and capital preservation. This ETF is most suitable for investors who want defined maturity and low credit risk.
Risk Analysis
Volatility
The ETF's volatility is related to changes in interest rates and credit spreads in the corporate bond market.
Market Risk
Specific risks include interest rate risk (rising rates decrease bond values), credit risk (issuer default), and liquidity risk (difficulty selling bonds).
Investor Profile
Ideal Investor Profile
The ideal investor is a risk-averse individual seeking a defined maturity exposure to investment-grade corporate bonds and aims for income generation.
Market Risk
It's suitable for long-term investors seeking predictable income and capital preservation with a specific time horizon, but not ideal for active traders.
Summary
The SPDR SSGA My2032 Corporate Bond ETF (CB32) offers targeted exposure to investment-grade corporate bonds maturing in 2032. Managed by SSGA, a reputable firm, it aims to track a specific bond index with a defined maturity. However, its AUM and trading volume are relatively low compared to competitors, and investors must consider interest rate and credit risks. It is best suited for long-term, risk-averse investors seeking income with a specific maturity date.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SSGA Website
- Bloomberg
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor. Data is based on available information and may be subject to change.
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 My2032 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 2032, which may include bonds with embedded issuer call options falling within that year. The fund is non-diversified.

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