MYCJ vs VBCB

MYCJDState Street My2030 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

MYCJ A 2030 rung for a build-your-own bond ladder, with a twist: a manager picks the corporate bonds instead of an index. It holds them toward maturity, pays monthly, and plans to return remaining principal around December 15, 2030.

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

MYCJ The fund actively manages a target-maturity portfolio primarily of corporate bonds maturing in 2030. It seeks current income and capital preservation and plans to distribute remaining principal before liquidating around December 15, 2030.

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

• MYCJ Target-maturity plumbing: corporate bonds maturing in 2030, income paid monthly, and a plan to distribute remaining principal and wind the fund up on or about December 15, 2030.
• Active, not an index clone: State Street's bond team picks issuers inside the 2030 bucket. Its MyIncome suite launched in 2024 as the first active corporate target maturity ETFs.statestreet.com
• Credit risk is spread across a couple hundred corporate issues, so one shaky borrower is a dent rather than a hole. The portfolio does what the prospectus says it does.

• 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

• MYCJ At 0.15% a year it runs above the category's big index ladders (IBDU and BSCU charge 0.10%). Active bond selection is what the extra buys.
• Small and lightly traded next to the entrenched iBonds and BulletShares rungs, so the spread you pay depends more on how and when you trade.
• Active means the portfolio can look different from the ICE 2030 Maturity US Corporate Index it references, and corporate credit risk stays live until the fund matures.

• 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 MYCJ profile⁠

Full VBCB profile⁠