State Street My2032 Municipal Bond ETF (MYML)

The State Street My2032 Municipal Bond ETF is a target maturity fund from State Street Investment Management that invests in investment-grade U.S. municipal bonds maturing in 2032. Interest from these bonds is generally exempt from federal income tax, and the fund is designed to terminate and return its assets to shareholders in 2032.

By holding many state and local government issuers with similar maturities, the fund aims to mimic the predictable lifespan of an individual bond while providing diversification. Its interest rate sensitivity falls as the end date nears, and maturing proceeds are held in cash or short-term instruments during the final year. It is part of a series of dated municipal funds listed on NASDAQ.