What this ETF is trying to do

The SPDR SSGA MY2028 Corporate Bond ETF (MYCH) is an exchange-traded fund that invests in corporate bonds. Corporate bonds are essentially loans that investors make to companies in exchange for regular interest payments.

What the numbers show

As of October 5, 2026, the share price of MYCH was $24.56.

When looking at performance, it is important to understand the difference between price return and total return. Price return only looks at the change in the share price. Total return includes both the share price change and the cash distributions paid to investors.

• Year-to-Date (YTD): The price return is -2.11%, but the total return is 1.04%.

• One-Year: The price return is -2.09%, while the total return is 2.20%.

To put the one-year price return into perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($25.08), the value of those shares alone would be worth approximately $9,790.80 today. However, this does not include the cash distributions paid out during that year.

Income and distribution explanation

This ETF is designed to provide regular income. It usually pays distributions monthly, with 12 payouts over the last year. The distribution yield is approximately 4.36%.

For new investors, it is important to remember that a high distribution yield alone can be misleading. A yield tells you how much cash the fund is paying out relative to its price, but it does not guarantee that the overall investment is growing or that your original principal is safe.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets declines over time, often causing the share price to drop.

MYCH has an erosion-risk score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund's price trend and score did not trigger a severe warning.

Pros

• Regular Income: The fund provides monthly cash distributions.

• Stability: The erosion-risk score suggests the fund's value has remained relatively stable.

• Positive Total Return: While the share price declined over the last year, the total return (which includes distributions) remained positive.

Cons

• Price Decline: The share price has seen a slight decline both year-to-date and over the last twelve months.

• No Holdings Data: There are currently no top holdings listed for this fund in the supplied data.

Beginner takeaway

MYCH is a bond ETF that pays monthly income. While the share price has dipped slightly, the total return shows that the cash distributions helped offset those losses. Investors in income funds generally care about principal stability—meaning they want the share price to stay steady while they collect their payments.