What this ETF is trying to do

The SPDR SSGA MY2031 CORPORATE BOND ETF (ticker: MYCK) is an exchange-traded fund that focuses on corporate bonds. While the specific list of companies it owns was not provided in the data, the name suggests it invests in debt issued by corporations that is set to mature around the year 2031.

What the numbers show

As of October 5, 2026, the current price of one share is $23.82. An estimated price from roughly one year ago was approximately $25.14.

When looking at how the fund performed over the last year, it is important to look at two different numbers:

• Price Return: This measures only the change in the share price. Over the last year, the price return was -5.24%.

• Total Return: This includes the share price change plus any cash paid out to investors. The one-year total return was -0.87%.

The total return was higher than the price return, which means the cash distributions helped offset some of the loss in the share price. For the year-to-date (YTD) period, the price return is -5.08%, while the YTD total return is -1.83%.

Income and distribution explanation

This ETF provides cash to investors through distributions. The distribution yield is approximately 4.70%. Over the last 12 months, the fund paid out a total of $1.12 per share in trailing distributions. These payments usually happen every month, with 12 payments made over the last year.

It is important to remember that a high distribution yield does not guarantee you will make money overall. Even if an ETF pays you cash, the price of the shares could still go down.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, which is the actual value of the assets held inside the fund. The data shows an erosion-risk score of 75, which is labeled as "mild price erosion." This means there is a mild risk that the value of the underlying investments is decreasing.

Pros

• Monthly Income: The fund typically pays out cash distributions every month.

• Total Return vs. Price Return: The cash payments helped make the total return better than the share-price decline alone.

Cons

• Falling Share Prices: Both the one-year and year-to-date price returns have been negative.

• Erosion Risk: The fund has a "mild" erosion-risk score, indicating some price deterioration.

Beginner takeaway

When looking at an ETF like MYCK, it is helpful to distinguish between the share price and the total return. While the price of a single share has dropped over the last year, the cash distributions provided to investors helped reduce the total amount lost. However, because the total return is still negative, the fund's value has not grown during this period.