State Street Global Advisors Launches Industry’s First Actively Managed Corporate and Municipal Target Maturity ETFs
State Street Global Advisors has launched the SPDR® SSGA MyIncome Suite, the industry's first actively managed corporate and municipal target maturity ETFs. This suite consists of 14 ETFs with maturity years ranging from 2026 to 2034, including nine corporate bond and five municipal bond ETFs.
The ETFs are designed to help investors build custom bond ladder portfolios, managing interest rate risks, cash flows, and liquidity needs. They use a risk-aware, top-down approach combined with bottom-up security selection to overweight attractive sectors and issuers.
These ETFs aim to provide active exposure to corporate and municipal bonds with defined maturity dates, potentially benefiting retirees seeking predictability and capital preservation. The investment strategies focus on maximizing current income while preserving capital through a robust investment process and prudent risk management.
State Street Global Advisors ha lanciato il SPDR® SSGA MyIncome Suite, il primo ETF a gestione attiva del settore focalizzato su scadenze specifiche per obbligazioni societarie e municipali. Questa suite è composta da 14 ETF con anni di scadenza che vanno dal 2026 al 2034, includendo nove obbligazioni societarie e cinque ETF di obbligazioni municipali.
Gli ETF sono progettati per aiutare gli investitori a costruire portafogli personalizzati di scale obbligazionarie, gestendo i rischi legati ai tassi d'interesse, i flussi di cassa e le necessità di liquidità. Utilizzano un approccio attento al rischio, dall'alto verso il basso combinato con una selezione di titoli dal basso verso l'alto per sovrappesare settori ed emittenti attraenti.
Questi ETF mirano a fornire un'esposizione attiva a obbligazioni societarie e municipali con date di scadenza definite, potenzialmente a beneficio dei pensionati che cercano prevedibilità e conservazione del capitale. Le strategie di investimento si concentrano su massimizzare il reddito corrente preservando al contempo il capitale attraverso un solido processo di investimento e una gestione prudente del rischio.
State Street Global Advisors ha lanzado el SPDR® SSGA MyIncome Suite, el primer ETF de la industria gestionado activamente con vencimientos específicos para bonos corporativos y municipales. Esta suite está compuesta por 14 ETF con años de vencimiento que van desde 2026 hasta 2034, incluyendo nueve bonos corporativos y cinco ETF de bonos municipales.
Los ETF están diseñados para ayudar a los inversores a construir carteras personalizadas de escalera de bonos, gestionando los riesgos de tasas de interés, los flujos de efectivo y las necesidades de liquidez. Utilizan un enfoque consciente del riesgo, de arriba hacia abajo combinado con una selección de valores de abajo hacia arriba para sobreponderar sectores y emisores atractivos.
Estos ETF tienen como objetivo proporcionar una exposición activa a bonos corporativos y municipales con fechas de vencimiento definidas, beneficiando potencialmente a los jubilados que buscan previsibilidad y preservación de capital. Las estrategias de inversión se centran en maximizar el ingreso actual mientras preservan el capital a través de un robusto proceso de inversión y prudentemanagement del riesgo.
State Street Global Advisors는 SPDR® SSGA MyIncome Suite를 출시했습니다. 이는 적극적으로 관리되는 최초의 기업 및 지방 채권 만기 목표 ETF입니다. 이 세트는 2026년부터 2034년까지의 만기 연도를 포함하여 14개의 ETF로 구성되어 있으며, 아홉 개의 기업 채권과 다섯 개의 지방 채권 ETF를 포함합니다.
ETF는 투자자들이 맞춤형 채권 사다리 포트폴리오를 구축할 수 있도록 설계되어 있으며, 금리 위험, 현금 흐름 및 유동성 요구 사항을 관리합니다. 위험 인식 및 상향식 접근법을 결합하여 매력적인 섹터와 발행자를 초과 비중을 두고 있습니다.
이 ETF는 정의된 만기 날짜를 가진 기업 및 지방 채권에 대한 적극적인 노출을 제공하는 것을 목표로 하며, 예측 가능성과 자본 보존을 찾는 퇴직자에게 유용할 수 있습니다. 투자 전략은 현재 소득 극대화에 중점을 두면서 강력한 투자 프로세스와 신중한 위험 관리로 자본을 보존하는 데 집중합니다.
State Street Global Advisors a lancé le SPDR® SSGA MyIncome Suite, le premier ETF du secteur à gestion active pour les obligations d'entreprise et municipales avec des échéances cibles. Cette suite comprend 14 ETF avec des années d'échéance allant de 2026 à 2034, incluant neuf obligations d'entreprise et cinq ETF d'obligations municipales.
Les ETF sont conçus pour aider les investisseurs à constituer des portefeuilles personnalisés d'échelles obligataires, en gérant les risques de taux d'intérêt, les flux de trésorerie et les besoins de liquidité. Ils utilisent une approche consciente des risques, de haut en bas combinée à une sélection de titres de bas en haut pour surpondérer les secteurs et les émetteurs attractifs.
Ces ETF visent à fournir une exposition active aux obligations d'entreprise et municipales avec des dates d'échéance définies, bénéficiant potentiellement aux retraités recherchant prévisibilité et préservation du capital. Les stratégies d'investissement se concentrent sur la maximisation des revenus actuels tout en préservant le capital grâce à un processus d'investissement robuste et une gestion prudente des risques.
State Street Global Advisors hat die SPDR® SSGA MyIncome Suite gestartet, die erste aktiv verwaltete Unternehmens- und Kommunalanleihe-Zielmaturität ETFs der Branche. Dieses Paket besteht aus 14 ETFs mit Fälligkeitsjahren von 2026 bis 2034, einschließlich neun Unternehmensanleihen und fünf kommunalen Anleihe-ETFs.
Die ETFs sind darauf ausgelegt, Anlegern zu helfen, individuelle Anleihenleiterportfolios aufzubauen und gleichzeitig Zinsrisiken, Cashflows und Liquiditätsbedürfnisse zu managen. Sie nutzen einen risikobewussten, von oben nach unten gerichteten Ansatz, kombiniert mit einer von unten nach oben gerichteten Titelauswahl, um attraktive Sektoren und Emittenten übergewichten.
Diese ETFs zielen darauf ab, aktives Exposure gegenüber Unternehmens- und Kommunalanleihen mit definierten Fälligkeiten bereitzustellen, was potenziell Rentnern zugutekommt, die Vorhersehbarkeit und Kapitalerhalt suchen. Die Anlagestrategien konzentrieren sich darauf, das aktuelle Einkommen zu maximieren, während das Kapital durch einen robusten Anlageprozess und ein umsichtiges Risikomanagement erhalten bleibt.
- Launch of industry's first actively managed corporate and municipal target maturity ETFs
- Diverse suite of 14 ETFs with different maturity years (2026-2034)
- Potential for enhanced income profile through active management
- Designed to help investors build custom bond ladder portfolios
- Aims to maximize current income while preserving capital
- None.
Insights
The launch of SPDR® SSGA MyIncome Suite marks a significant innovation in the ETF space, offering the first actively managed corporate and municipal target maturity bond ETFs. This suite addresses a important need in the current high-interest rate environment, particularly for retirees seeking predictable income streams.
Key advantages include:
- Customizable bond ladder portfolios for managing interest rate risk and cash flows
- Active management potentially enhancing yield while preserving capital
- Diverse maturity options from 2026 to 2034
The active management approach, combining top-down risk assessment with bottom-up security selection, could provide an edge over passive alternatives. However, investors should consider the potential trade-off between active management benefits and potentially higher fees compared to passive ETFs.
While this product innovation is noteworthy, its long-term success will depend on performance relative to benchmarks and investor adoption rates. The impact on State Street's revenue stream may be gradual as the funds accumulate assets over time.
The SPDR® SSGA MyIncome Suite offers a valuable tool for retirees navigating the complex fixed income landscape. These ETFs address several key challenges:
- Predictable income streams in retirement
- Capital preservation concerns
- Interest rate uncertainty management
The ability to create custom bond ladders using ETFs simplifies a strategy traditionally executed with individual bonds, potentially reducing transaction costs and improving liquidity. This approach allows retirees to match income streams with anticipated expenses, a important aspect of retirement planning.
However, it's important to note that while these products offer benefits, they don't eliminate all risks. Retirees should still consider factors such as inflation, longevity risk and overall portfolio diversification. The success of these ETFs in retirement portfolios will likely depend on their ability to deliver consistent income and preserve capital across various market conditions.
The SPDR® SSGA MyIncome Suite Provides Active Exposure to Corporate and Municipal Bonds With Defined Maturity Dates
- Fund lineup consists of nine corporate bond and five municipal bond ETFs
- Investors can now leverage the potential benefits of actively managed target maturity ETFs to build their own custom bond ladder portfolios
- Uses a risk-aware, top-down approach combined with bottom-up security selection that seeks to overweight the most attractive sectors and issuers
“Fixed-income investors have been enjoying the highest interest rates seen in decades, but many are wondering how they can protect against the potential for precarious rate fluctuations ahead," said Anna Paglia, chief business officer for State Street Global Advisors.
A common question clients ask advisors during times of interest rate uncertainty is how should they invest if interest rates go down? What changes should they make to their fixed income allocations, and how long will they be able to take advantage of today’s higher rates? This can be of particular interest to retirees who are in the withdrawal phase of retirement, but still seek preservation of capital.
“Building a bond ladder by investing in target maturity ETFs is potentially helpful for retirees seeking predictability as they plan for the next chapter of their retirement years, without having to manage a portfolio of individual bonds,” Paglia added.
The SPDR SSGA MyIncome ETFs are designed to help investors to efficiently build custom bond ladder portfolios to manage interest rate risks, cash flows, and liquidity needs. The suite consists of corporate bond and municipal bond ETFs. The nine SPDR SSGA MyIncome Corporate Bond ETFs seek to maximize current income while seeking preservation of capital. The five SPDR SSGA MyIncome Municipal Bond ETFs seek to maximize current income that is exempt from regular federal income taxes while seeking preservation of capital.
Investors are looking for ways to balance income and stability in this rate environment, and building a bond ladder portfolio through investing in ETFs may be an efficient way to manage duration risk and cash flow to meet liquidity needs.
The investment strategies of the SPDR SSGA MyIncome ETFs are designed to allow the portfolio management team to effectively maximize yield while preserving capital through a robust investment process and prudent risk management. State Street Global Advisors’ active approach seeks to enhance the income profile of a target maturity ETF portfolio, while also managing for liquidity, sector, issuer concentration, and broader macro risks.
The funds will be managed by State Street Global Advisors’ dedicated Active Fixed Income Portfolio Management Team.
For more information visit our MyIncome landing page.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, we build from a breadth of index and active strategies to create cost-effective solutions. As pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US
*Pensions & Investments Research Center, as of 12/31/23.
†This figure is presented as of June 30, 2024 and includes ETF AUM of
Important Risk Information
Investing involves risk including the risk of loss of principal.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.
Actively managed ETFs do not seek to replicate the performance of a specified index. The Fund is actively managed and may underperform its benchmarks. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.
In the Fund’s target maturity year, proceeds from bonds maturing prior to the Fund’s liquidation date may be reinvested in cash and cash equivalents. The Funds are designed to terminate on or about December 15 in their final target year of maturity at which point the Funds will distribute remaining net assets to shareholders pursuant to a plan of liquidation. The Funds do not seek to distribute any predetermined amount at maturity.
The municipal market is volatile and can be significantly affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax.
Non-diversified fund may invest in a relatively small number of issuers. The value of shares of non-diversified funds may be more volatile than the values of shares of more diversified funds.
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Distributor State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit ssga.com. Read it carefully.
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State Street Global Advisors Fund Distributors, LLC, member FINRA, SIPC
© 2024 State Street Corporation. All Rights Reserved.
State Street Global Advisors Funds Distributors, LLC, One Iron Street,
7047280.1.1.AM.RTL Exp. Date: 09/30/2025
View source version on businesswire.com: https://www.businesswire.com/news/home/20240923406509/en/
Deborah Heindel
617-662-9927
dheindel@statestreet.com
Source: State Street Corporation
FAQ
What is the SPDR® SSGA MyIncome Suite launched by State Street Global Advisors (STT)?
How many corporate and municipal bond ETFs are included in the SPDR® SSGA MyIncome Suite (STT)?
What is the main objective of the SPDR SSGA MyIncome Corporate Bond ETFs (STT)?
What is the investment approach used by State Street Global Advisors (STT) for the MyIncome ETFs?
