MYCI vs VBCA

MYCIDState Street My2029 Corporate Bond ETF

VBCAAVanguard Target Maturity 2027 Corporate Bond ETF

In short

MYCI A ladder rung with a driver at the wheel. MYCI holds corporate bonds maturing in 2029, pays out remaining principal and winds down around December 15, 2029, and it is actively run rather than built off an index like most target-maturity funds.

VBCA Vanguard showed up late to the bond-ladder aisle and priced it accordingly: one rung of investment-grade corporate bonds, all maturing in 2027, wrapped in an ETF at 0.08%.

Stated mandate

MYCI The fund is actively managed to invest primarily in corporate bonds maturing in 2029. It is designed to distribute remaining principal and liquidate around December 15, 2029.

VBCA The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2027.

Why people hold it

• MYCI Behaves like a bond, not a forever fund: it holds corporate paper maturing in 2029, then distributes remaining principal and liquidates around December 15, 2029, giving you a known end date to plan around.ssga.com
• Actively managed against the ICE 2029 Maturity US Corporate Index, so the team can shop for issues rather than buy the index wholesale. Roughly 190 bonds spread issuer risk across the rung.
• Coupons come through monthly, a steady cadence while the 2029 wind-down date approaches.
• Sits in the upper half of a crowded target-maturity field, and its portfolio hews tightly to the 2029 corporate mandate it advertises.

• VBCA At 0.08%, it undercuts the target-maturity norm, where iShares iBonds and Invesco BulletShares rungs run 0.10%.
• Its bonds are scheduled to mature between January 1 and December 15, 2027, and the index has a planned liquidation around that date, so duration winds down instead of resetting forever.sec.gov
• Market-weighted and investment-grade only: a single maturity year spread across the US corporate market rather than a handful of hand-picked bonds.
• Stands among the stronger implementations in a crowded target-maturity group, on cost and portfolio discipline.

Worth knowing

• MYCI At 0.15% it runs above index-built 2029 rungs like IBDU and BSCT at 0.10%. That gap is the fee for an active manager on a short, plain slice of the bond market.
• A small, lightly traded fund launched in 2024, so bid-ask spreads can run wider than at the giant index ladders and the track record is still short.
• These are corporate bonds, so credit risk rides along. The final payout reflects what the portfolio holds at wind-down, not a fixed face value like a single bond you hold to maturity.

• VBCA Launched in 2026 and still small, it trades thinly; spreads can be wider than on established bond ETFs.
• Corporate credit, not Treasuries: downgrades and defaults come with the territory. Treasury-only rungs such as IBTJ sidestep that risk.
• Short operating history, so there is limited data so far on how closely it tracks its index.

Full MYCI profile⁠

Full VBCA profile⁠