What this ETF is trying to do

The SPDR SSGA My2033 Corporate Bond ETF (MYCM) 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 MYCM was $23.35.

When looking at performance, it is important to distinguish between price return (how the share price changed) and total return (which includes the share price change plus distributions).

• Year-to-Date (YTD): The price return is -6.43%, while the total return is -3.06%.

• One-Year: The price return is -6.75%, while the total return is -2.25%.

To put this in perspective, the estimated price from roughly one year ago was $25.04. If an investor had put $10,000 into the ETF based on that estimated price, the value of those shares alone would have declined by approximately 6.75% over the year.

Income and distribution explanation

This ETF usually pays out distributions monthly. Over the last 12 months, it made 12 payments totaling $1.16 per share. This results in a distribution yield of approximately 4.97%.

For new investors, it is important to remember that a high distribution yield alone can be misleading. While these payments provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the underlying value of an ETF's assets declines over time. StockValueFinder uses an erosion-risk score to measure this.

MYCM has an erosion score of 75, which is labeled as "mild price erosion." This is a measurement of risk rather than proof that the fund's value has collapsed. The severe erosion-risk flag for this ETF is currently false.

Pros

• Regular Income: The fund provides frequent cash payments, usually on a monthly basis.

• Lower Total Loss: The total return is less negative than the price return, meaning the distributions helped offset some of the share-price decline.

Cons

• Price Decline: The share price has fallen over both the year-to-date and one-year periods.

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

Beginner takeaway

MYCM provides regular monthly income through corporate bonds, but its share price has decreased recently. Investors often care about "principal stability," which means they want their initial investment to stay intact. In this case, the cash distributions provided some value, but they did not fully make up for the decline in the share price.