What this ETF is trying to do

The SPDR SSGA MY2029 CORPORATE BOND ETF (MYCI) 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 MYCI was $24.22. To understand how the fund has performed, we look at two different types of returns:

• Price Return: This measures only the change in the share price. The one-year price return was -3.26%, and the year-to-date (YTD) price return was -3.30%.

• Total Return: This measures the overall return, which includes both the share price change and the cash distributions paid to investors. The one-year total return was 1.20%, and the YTD total return was 0.02%.

Because the total return is higher than the price return, it shows that the cash payments helped offset the decline in the share price.

For example, if an investor had put $10,000 into the fund based on the estimated price from roughly one year ago ($25.03), the value of those shares alone would have decreased by about 3.26% over the year.

Income and distribution explanation

MYCI provides regular cash payments to its investors. Over the last 12 months, it made 12 payments, which usually happen monthly. The distribution yield is approximately 4.62%.

It is important for beginners to remember that a high distribution yield alone can be misleading. A fund can pay out a high percentage in cash while the actual share price is falling.

NAV erosion explanation

"NAV erosion" happens when the net asset value (the actual value of the fund's underlying assets) steadily declines over time.

For MYCI, the erosion-risk score is 94, and the erosion severity is labeled as "good." The erosion label is "Stable / sideways," and the severe erosion-risk flag is false. This means the fund's price trend has not triggered a severe erosion warning.

Pros

• Regular Income: The fund pays distributions usually every month.

• Stability: The erosion-risk score suggests the fund is currently stable or moving sideways.

• Positive Total Return: Despite a falling share price, the total return over the last year remained positive.

Cons

• Price Decline: The share price has decreased both year-to-date and over the last 12 months.

• Average Income Grade: The fund has an income rating grade of "C."

Beginner takeaway

MYCI is a bond ETF that pays monthly income. While the share price has dropped recently, the total return (which includes those payments) has stayed slightly positive. Investors often care about principal stability—meaning they want their original investment to stay intact—while they collect income.