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MYCN
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SPDR SSGA My2034 Corporate Bond ETF (MYCN)

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$24.6
Last Close (24-hour delay)
Profit since last BUY3.36%
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Consider higher Upturn Star rating
BUY since 51 days
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Upturn Advisory Summary

08/14/2025: MYCN (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 -0.18%
Avg. Invested days 30
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
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 23.00 - 24.50
Updated Date 06/28/2025
52 Weeks Range 23.00 - 24.50
Updated Date 06/28/2025

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SPDR SSGA My2034 Corporate Bond ETF

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ETF Overview

overview logo Overview

The SPDR SSGA My2034 Corporate Bond ETF (SPYX) seeks to provide investment results that correspond generally to the performance, before fees and expenses, of the ICE BofA 2034 Target Maturity Corporate Bond Index. The ETF focuses on U.S. dollar-denominated investment-grade corporate bonds with a final maturity date in the year 2034. Its investment strategy involves passively tracking the target index.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is a well-established and reputable ETF issuer with a long track record in the market.

reliability logo Management Expertise

SSGA has significant expertise in managing fixed-income ETFs and passive investment strategies.

Investment Objective

overview logo Goal

To provide investment results that correspond generally to the performance, before fees and expenses, of the ICE BofA 2034 Target Maturity Corporate Bond Index.

Investment Approach and Strategy

Strategy: The ETF aims to track a specific index, the ICE BofA 2034 Target Maturity Corporate Bond Index.

Composition The ETF holds U.S. dollar-denominated investment-grade corporate bonds with a final maturity date in the year 2034.

Market Position

Market Share: Data is unavailable to determine the exact market share.

Total Net Assets (AUM): 102650000

Competitors

overview logo Key Competitors

  • iShares iBonds Dec 2034 Term Corporate ETF (IBDO)
  • Invesco BulletShares 2034 Corporate Bond ETF (BSDS)

Competitive Landscape

The competitive landscape consists of several target maturity corporate bond ETFs. SPYX competes with other ETFs that target similar maturity dates. A potential advantage of SPYX is its issuer, SSGA, a large and well-known asset manager. However, IBDO and BSDS have a much higher market presence.

Financial Performance

Historical Performance: Historical performance data needs to be obtained from financial data providers.

Benchmark Comparison: Benchmark comparison requires historical performance data of both the ETF and its underlying index.

Expense Ratio: 0.06

Liquidity

Average Trading Volume

Average trading volume data requires a current market data feed.

Bid-Ask Spread

Bid-ask spread data requires a current market data feed.

Market Dynamics

Market Environment Factors

Economic indicators like interest rates and credit spreads, sector growth prospects, and overall market conditions significantly influence SPYX's performance.

Growth Trajectory

SPYX's growth trajectory depends on investor demand for target maturity corporate bond ETFs and its ability to track its underlying index efficiently. Changes to strategy and holdings are generally limited due to its passive, index-tracking nature.

Moat and Competitive Advantages

Competitive Edge

SPYX's competitive edge lies in its issuer, State Street Global Advisors, and its commitment to tracking the ICE BofA 2034 Target Maturity Corporate Bond Index with low cost. It offers a simple and transparent approach to gaining exposure to a portfolio of investment-grade corporate bonds maturing in 2034. Its relatively low expense ratio compared to actively managed funds may also be considered an advantage. However, SPYX has significantly lower AUM than its main competitors IBDO and BSDS which reduces its competitive appeal.

Risk Analysis

Volatility

Volatility is dependent on market data feeds and historical performance.

Market Risk

SPYX is subject to market risk, including interest rate risk, credit risk, and inflation risk. Changes in interest rates can negatively impact the ETF's value, and credit downgrades of the underlying bonds can also lead to losses.

Investor Profile

Ideal Investor Profile

The ideal investor for SPYX is a long-term investor seeking exposure to a diversified portfolio of investment-grade corporate bonds maturing in 2034 to match specific liabilities or investment horizons.

Market Risk

SPYX is best suited for long-term investors seeking a passive, buy-and-hold approach to fixed-income investing. It is not ideal for active traders seeking short-term gains.

Summary

The SPDR SSGA My2034 Corporate Bond ETF (SPYX) aims to provide investment results that correspond to the ICE BofA 2034 Target Maturity Corporate Bond Index. The ETF holds U.S. dollar-denominated investment-grade corporate bonds with a maturity date of 2034 and is best for investors looking to match liabilities with a fixed date. However, it faces competition from larger, better established ETFs like IBDO and BSDS. Its passive, index-tracking strategy and low expense ratio may be attractive to certain investors seeking a long-term, buy-and-hold approach to fixed income.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • State Street Global Advisors (SSGA) website
  • ETF.com
  • Morningstar

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and after consultation with a qualified financial advisor. Market share data is based on publicly available information and may not be exact.

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 My2034 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 2034, which may include bonds with embedded issuer call options falling within that year. The fund is non-diversified.