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Upturn AI SWOT - About
SPDR SSGA My2034 Corporate Bond ETF (MYCN)
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Upturn Advisory Summary
04/01/2025: MYCN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -1.82% | Avg. Invested days 18 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 6462 | Beta - | 52 Weeks Range 23.29 - 24.54 | Updated Date 04/1/2025 |
52 Weeks Range 23.29 - 24.54 | Updated Date 04/1/2025 |
Upturn AI SWOT
SPDR SSGA My2034 Corporate Bond ETF
ETF Overview
Overview
The SPDR SSGA My2034 Corporate Bond ETF (SPYX) seeks to provide investment results that correspond to the price and yield performance of the Bloomberg US Corporate Bond 2034 Index. It invests primarily in U.S. dollar-denominated investment-grade corporate bonds maturing in 2034, offering exposure to the corporate bond market with a target maturity date.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long history of managing ETFs.
Management Expertise
SSGA has a team of experienced investment professionals managing its fixed-income ETFs, with expertise in bond selection and portfolio management.
Investment Objective
Goal
The ETF's primary goal is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg US Corporate Bond 2034 Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, attempting to replicate the performance of the Bloomberg US Corporate Bond 2034 Index.
Composition The ETF holds a portfolio of U.S. dollar-denominated, investment-grade corporate bonds with maturities in 2034.
Market Position
Market Share: Data unavailable without live terminal access.
Total Net Assets (AUM): 62250000
Competitors
Key Competitors
- iShares iBonds Dec 2034 Term Corporate ETF (IBDV)
- Invesco BulletShares 2034 Corporate Bond ETF (BSDS)
- Xtrackers Barclays US Corporate Bond ETF (LQD)
Competitive Landscape
The corporate bond ETF market is competitive, with several ETFs offering similar exposure to corporate bonds with varying maturities. SPYX distinguishes itself with its specific 2034 maturity target. Competitors like IBDV and BSDS offer similar term-maturity strategies, while broad corporate bond ETFs like LQD offer broader market exposure. SPYX is advantageous to investors who want to lock in rates until 2034.
Financial Performance
Historical Performance: Historical performance data requires live data feed.
Benchmark Comparison: Performance data is required to compare against the benchmark index.
Expense Ratio: 0.07
Liquidity
Average Trading Volume
Average trading volume is unavailable without a live data feed.
Bid-Ask Spread
The bid-ask spread is typically low, depending on current market conditions and trading activity, resulting in lower trading costs.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation, and GDP growth influence corporate bond yields and the ETF's performance. Sector growth prospects within the corporate bond holdings and overall market conditions affect the ETF's value.
Growth Trajectory
Growth trends and patterns of the ETF are influenced by investor demand for target-maturity corporate bond strategies. Changes to strategy would be unusual given the passive approach, but holdings will evolve over time.
Moat and Competitive Advantages
Competitive Edge
SPYX's competitive edge lies in its target-maturity approach, offering investors a defined maturity date for their corporate bond holdings. The low expense ratio of 0.07% also makes it a cost-effective option. SSGA's strong reputation as an ETF issuer further enhances its appeal. The ETF's focus on investment-grade bonds ensures a certain level of credit quality and reduced risk. The target maturity date allows for more predictable cash flows.
Risk Analysis
Volatility
Historical volatility data requires a live data feed.
Market Risk
The ETF is subject to market risk, including interest rate risk, credit risk, and liquidity risk. Interest rate risk is the potential for bond values to decline as interest rates rise. Credit risk is the risk that bond issuers may default. Liquidity risk is the risk that the ETF may not be easily bought or sold in the market.
Investor Profile
Ideal Investor Profile
The ideal investor is a long-term investor seeking a specific maturity date for their fixed-income investments. They may be planning for retirement or other long-term goals that align with the 2034 maturity date.
Market Risk
The ETF is best suited for long-term investors seeking a passive, target-maturity bond strategy.
Summary
The SPDR SSGA My2034 Corporate Bond ETF (SPYX) offers exposure to U.S. dollar-denominated, investment-grade corporate bonds maturing in 2034. With a passive management strategy and a low expense ratio, it provides a cost-effective way for investors to target a specific maturity date. It is subject to market risk, including interest rate risk and credit risk. Ideal investors are long-term, seeking a defined maturity for their fixed-income investments, and align well with those planning for 2034 or later.
Similar Companies
IBDV
iShares Trust - iShares iBonds Dec 2030 Term Corporate ETF
IBDV
iShares Trust - iShares iBonds Dec 2030 Term Corporate ETF
Sources and Disclaimers
Data Sources:
- SSGA Website
- Bloomberg
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share data is estimated and may not be precise. 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 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.
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