MYCH vs VBCC

MYCHDState Street My2028 Corporate Bond ETF

VBCCAVanguard Target Maturity 2029 Corporate Bond ETF

In short

MYCH Most bond-ladder rungs are index trackers. MYCH is a rung with a driver: an actively managed basket of corporate bonds maturing in 2028, paying monthly, then handing back remaining principal and closing around December 15, 2028.

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

MYCH The fund uses an actively managed target-maturity strategy focused primarily on corporate bonds maturing in 2028. It seeks current income and capital preservation and is intended to distribute remaining principal and liquidate around December 15, 2028.

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

• MYCH Active, not index-fed. State Street's MyIncome suite arrived in 2024 as the first actively managed corporate target-maturity ETFs, choosing sectors and issuers by hand.ssga.comstatestreet.com
• Behaves like a bond, trades like a fund: roughly 400 corporate bonds, monthly distributions, and a built-in end date instead of a perpetual portfolio.
• Sits in the upper half of a crowded target-maturity field, and it is one of the easier rungs of its size to get in and out of.

• 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

• MYCH Active management costs more: 0.15% a year against 0.10% at index rungs like IBDU and BSCT, and 0.08% at Vanguard's VBCB.
• The end date cuts both ways. Cash comes back around December 15, 2028, so replacing that rung of the ladder is on you.ssga.com
• Launched September 2024, so the track record is short, and results hinge on manager judgment rather than a rules-based index.

• 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 MYCH profile⁠

Full VBCC profile⁠