MYCI vs VBCC

MYCIDState Street My2029 Corporate Bond ETF

VBCCAVanguard Target Maturity 2029 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.

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

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.

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

• 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.

• 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

• 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.

• 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 MYCI profile⁠

Full VBCC profile⁠