Understanding the SPDR SSGA My2028 Municipal Bond ETF (MYMH)

What this ETF is trying to do

The SPDR SSGA My2028 Municipal Bond ETF (ticker: MYMH) is an exchange-traded fund. While the specific holdings are not listed in this report, ETFs like this generally aim to provide exposure to municipal bonds.

What the numbers show

It is important to understand that "price return" and "total return" tell different stories. Price return only tracks how the share price moves. Total return includes both the price movement and the cash distributions paid out to investors.

Based on the data provided:

• Year-to-Date (YTD): The price return is approximately -1.44%. However, the YTD total return is approximately 0.58%.

• One-Year: The one-year price return is approximately -1.32%. The one-year total return is approximately 1.44%.

To see the price change, we can look at the estimated price from roughly one year ago, which was $24.61, compared to the current price of $24.29. This shows a slight decline in the share price over that time.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 2.80%. These payments usually happen monthly, with the most frequent payout day being Monday. Over the last 12 months, there were 12 distributions totaling approximately $0.68 per share.

Remember, a distribution yield tells you how much cash was paid out relative to the price, but it is not the same as your total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, which is the actual value of the assets held by the fund. While a falling share price can sometimes be a sign of erosion, it is not proof of it.

For this ETF, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The fund shows a positive total return over the last year, even though the share price itself went down slightly.

• The erosion-risk measurements suggest the fund is currently stable.

Cons

• The share price has experienced a slight decline both year-to-date and over the last year.

• The income rating grade is a "C."

Beginner takeaway

When looking at an ETF like MYMH, it is helpful to look at both the price and the total return. A falling share price might look like a loss, but when you include the cash distributions (the total return), the overall result may be different. Always remember that high yields do not guarantee that the share price will stay the same.