MYCM vs VBCA

MYCMCState Street My2033 Corporate Bond ETF

VBCAAVanguard Target Maturity 2027 Corporate Bond ETF

In short

MYCM Pick a year, buy a fund. MYCM holds roughly 90 US corporate bonds clustered on 2033 maturities, actively managed against an ICE benchmark and paying monthly. One rung of a bond ladder in a single ticker.

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

MYCM The Fund seeks to maximize current income while preserving capital. It primarily invests in corporate bonds maturing in 2033 and may include bonds maturing within six months before or after that target year.

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

• MYCM Defined-maturity design: corporate bonds due in 2033, give or take six months, so the portfolio has an end date instead of rolling forever like a standard bond fund.
• What's on the label is in the fund: US corporate credit on a 2033 maturity, one of the tighter mandate fits in the target-maturity group.
• Income arrives monthly, drawn from roughly 90 bonds picked by an active manager against the ICE 2033 Maturity US Corporate Index.

• 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

• MYCM At 0.15%, it runs above the 0.10% median for target-maturity bond funds, where rivals like BSCT and IBDU charge 0.10%.
• A small, thinly traded fund next to the category's entrenched ladder suites, which can mean wider bid-ask spreads on the way in and out.
• Launched in 2024, so its live record covers only a short stretch of rate and credit conditions.

• 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 MYCM profile⁠

Full VBCA profile⁠