SPDR SSgA 2026 Corporate Bond ETF (MYCF)

Overview

MYCF is designed as a part of the SPDR SSGA MyIncome suite, focusing on offering a held-to-maturity portfolio strategy. This strategy revolves primarily around maximizing income through active investments in investment-grade, USD-denominated corporate bonds that are slated for maturity in 2026. With an emphasis on a risk-aware, top-down approach combined with meticulous bottom-up security selection, MYCF navigates the complex bond markets by conducting thorough fundamental research on each prospective bond. This dedicated approach ensures that each investment is carefully evaluated to align with the fund's objectives. The ultimate goal of MYCF is to meticulously manage its portfolio to conclude operations and liquidate by December 15, 2026, allowing for the distribution of the remaining assets back to the investors. It is important for investors to understand that the fund does not guarantee a predetermined distribution amount at maturity, highlighting the possibility that the returns could be more or less than the original investment.

Products and Services

• Held-to-Maturity Corporate Bond Portfolio

  This product focuses on United States Dollar (USD) denominated investment grade corporate bonds with a specific target maturity year of 2026. The aim is to maximize income by actively managing the bond investments. As the bonds approach maturity, the portfolio’s management team will guide the fund towards its planned termination and liquidation on December 15, 2026.

• Rigorous Fundamental Research

  Each potential bond investment undergoes a thorough fundamental analysis. This bottom-up security selection process ensures that only bonds that meet the risk and return criteria of MYCF are added to the portfolio. This rigorous selection process is a cornerstone of the fund's strategy, aiming to safeguard and potentially enhance investor capital through informed investment decisions.

• Risk-Aware, Top-Down Approach

  The fund’s management adopts a strategic risk-aware, top-down analysis to complement its security selection process. This holistic view allows the fund managers to assess market conditions, economic indicators, and other macroeconomic factors that could impact the performance of the corporate bonds within the portfolio, aiming to mitigate potential risks and capitalize on opportunities.

• Custom Bond Ladder Portfolios

  As part of the SPDR SSGA MyIncome suite, MYCF enables investors to build custom bond ladder portfolios. This feature allows investors to manage interest rate risk and income needs by holding bonds that mature in different years. This strategic distribution of bond maturities can help investors plan for their future financial needs with a clearer timeline.

• Liquidation Strategy

  The fund is designed to terminate and efficiently liquidate by a specific date (December 15, 2026), ensuring that investors are returned their share of the remaining assets. However, leading up to this date, proceeds from matured securities may be reinvested into cash and cash equivalents, potentially decreasing the corporate bond holdings and affecting the portfolio's yield.