State Street My2030 Municipal Bond ETF (MYMJ)
State Street My2030 Municipal Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $24.09, down 0.31% on the session, giving a market capitalisation of $12.0M. Its beta of 0.15 implies it has historically moved less than the broad market.
The State Street My2030 Municipal Bond ETF is an actively managed investment vehicle primarily focused on municipal bonds scheduled to mature in 2030. Its structure dictates that it will distribute remaining principal and cease operations around December 15, 2030. Its core objectives are to maximize current income, which is exempt from regular federal income taxes, and to preserve capital. This is accomplished through a risk-conscious investment strategy that employs a top-down macro perspective alongside rigorous bottom-up fundamental research. This dual approach allows the portfolio to strategically overweigh the most attractive sectors and issuers. As part of the State Street MyIncome ETF series, this fund offers investors a streamlined way to construct tailored bond ladder portfolios. This functionality aids in effectively managing interest rate risk, optimizing cash flow, and addressing liquidity requirements.
State Street My2030 Municipal Bond ETF is most often compared with the following Financial Services names: