ETF Education Report: SPDR SSGA MY2029 MUNICIPAL BOND ETF (MYMI)

What this ETF is trying to do

The SPDR SSGA MY2029 MUNICIPAL BOND ETF (ticker: MYMI) is an exchange-traded fund. Based on its name, it focuses on municipal bonds. Municipal bonds are loans made to local governments.

What the numbers show

When looking at an ETF, it is important to know the difference between "price return" and "total return." Price return only tracks how much the share price changes. Total return includes both the price change and any cash payments (distributions) made to investors.

As of October 6, 2026, the current price is $23.84. Here is how the fund has performed:

• Year-to-Date (YTD): The price return is approximately -3.19%. However, the YTD total return is approximately -1.16%.

• One Year: The one-year price return is approximately -3.09%. The one-year total return is approximately -0.36%.

Because the total return numbers are higher than the price return numbers, it shows that the cash distributions helped offset some of the share-price decline.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 2.87%. This number describes the cash payments relative to the current ETF price. These payments usually happen monthly, with 12 payments recorded over the last year.

It is important to remember that a distribution yield is not the same as total return. While distributions provide cash income, they do not guarantee that your original investment will stay the same value.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases. StockValueFinder uses an "erosion-risk score" to measure this risk.

For MYMI, the erosion score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag. This suggests the fund's price movement is currently considered stable rather than showing signs of significant deterioration.

Pros

• The fund provides regular monthly cash distributions.

• The erosion-risk score suggests a stable price trend.

Cons

• Both the share price and the total return have been negative over the last year.

• The fund has not provided a positive total return in the measured timeframes.

Beginner takeaway

When looking at MYMI, notice that while the share price has gone down, the total return is slightly better because of the cash distributions. Always look at both price return and total return to get the full picture of how an ETF is performing.