MYCF vs VBCC

MYCFDState Street My2026 Corporate Bond ETF

VBCCAVanguard Target Maturity 2029 Corporate Bond ETF

In short

MYCF Most target-maturity bond ETFs just follow an index. MYCF is part of State Street's MyIncome suite, launched in 2024 as the industry's first actively managed corporate target maturity ETFs, and it's the rung that winds up in December 2026.

VBCC Vanguard's version of a single rung on a bond ladder: investment-grade corporates that all mature in 2029, wrapped in an ETF at 0.08% a year, under the typical fee in the target-maturity aisle.

Stated mandate

MYCF The fund uses an actively managed target-maturity approach focused primarily on corporate bonds maturing in 2026. It seeks current income and preservation of capital, then plans to distribute remaining principal and liquidate around December 15, 2026.

VBCC The fund seeks to follow a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds scheduled to mature in 2029.

Why people hold it

• MYCF Behaves more like a bond than a bond fund: about 110 investment-grade corporates all due in 2026, monthly income, then remaining net assets paid out around December 15, 2026.ssga.com
• Active where the rivals are mechanical. A team picks each bond using top-down risk work plus bottom-up research, aiming to overweight the sectors and issuers it finds most attractive.ssga.comstatestreet.com
• Short, defined runway. Everything inside matures in 2026, so there is far less interest-rate sensitivity than an open-ended corporate bond fund that keeps rolling into new paper.ssga.com

• VBCC At 0.08% a year it undercuts the target-maturity median and the established 2029 corporate rungs from iShares (IBDU) and Invesco (BSCT), both at 0.10%.
• Every bond in the index is scheduled to mature in 2029, so the portfolio has an end date instead of rolling on forever like a standard bond fund.
• Investment-grade US dollar corporates, market-weighted. No high-yield sleeve, no manager leaning on favorite issuers.
• Stacks up among the stronger builds in a crowded target-maturity field, on the back of low cost and a straightforward investment-grade portfolio.

Worth knowing

• MYCF You pay for the active seat: 0.15% a year, against 0.08% at VBCB and 0.10% at IBDU and BSCT, the index-run ladders it sits beside.
• Small and thinly traded next to the giant iBonds and BulletShares ladders, so bid-ask spreads are part of the cost of getting in and out.
• Not a bond substitute: the fund does not seek to distribute any predetermined amount at maturity, and maturing proceeds may sit in cash and cash equivalents during 2026.ssga.com

• VBCC Launched in 2026, so live history is short and it trades less actively than the long-running iShares and Invesco ladders. Limit orders matter more here.
• Corporate credit, not Treasuries. An investment-grade issuer can still be downgraded or miss a payment, and a 2029 maturity date does not erase that.
• Income is paid quarterly, so cash arrives four times a year rather than monthly.

Full MYCF profile⁠

Full VBCC profile⁠