MYCK vs VBCC

MYCKCState Street My2031 Corporate Bond ETF

VBCCAVanguard Target Maturity 2029 Corporate Bond ETF

In short

MYCK Most 2031 ladder rungs just clone an index. MYCK is State Street's actively managed version: people pick the corporate bonds, and the fund is built to hand back remaining principal and wind up on or about December 15, 2031.

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

MYCK The fund seeks current income and capital preservation through an actively managed portfolio focused primarily on corporate bonds maturing in 2031.

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

• MYCK Active where the category is mostly passive: sector and issuer tilts come from State Street's own research rather than index replication.ssga.com
• Behaves like a bond you hold to the end: designed to distribute any remaining principal and liquidate on or about December 15, 2031.ssga.com
• Pays monthly, and it is one rung in State Street's MyIncome suite, so ladders can be built year by year with matching plumbing.ssga.com
• The label matches the contents: roughly 150 corporate bonds, all pointed at 2031, seeking income with capital preservation.

• 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

• MYCK Active costs more: 0.15% a year against a 0.10% cohort median and the 0.10% charged by index rungs like IBDU and BSCU.
• A small, lightly traded fund next to the giant iBonds and BulletShares rungs, so bid-ask spreads can be wider than the headline fee suggests.
• Active also means results can diverge from the ICE 2031 Maturity US Corporate Index it is measured against, either direction, and it only launched in 2024.ssga.com

• 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 MYCK profile⁠

Full VBCC profile⁠