MYCI vs VBCB

MYCIDState Street My2029 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 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.

VBCB Vanguard finally showed up to the bond-ladder party. VBCB owns U.S. investment-grade corporate bonds that all mature in 2028, and it undercuts the typical target-maturity rung on fees.

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.

VBCB The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2028.

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.

• VBCB Charges 0.08% a year, below the 0.10% typical for target-maturity bond funds and below the iBonds and BulletShares rungs (IBDU, BSCT, BSCU) it lines up against.
• Every bond in the index is dollar-denominated investment grade maturing in 2028: one rung of a bond ladder in one ticker, with income paid quarterly.
• A plain market-weighted ICE index run through Vanguard's index plumbing, and one of the stronger builds in the target-maturity bond group.

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.

• VBCB Launched in 2026 and still small, it trades thinly, so spreads can run wider than on the long-established corporate ladders.
• Corporate credit, not Treasuries. Investment grade lowers the odds of trouble, but downgrades and defaults stay in the mix.
• One maturity year, not a whole curve. This is a rung, not a stand-in for a broad bond fund.

Full MYCI profile⁠

Full VBCB profile⁠