MYCM vs VBCC

MYCMCState Street My2033 Corporate Bond ETF

VBCCAVanguard Target Maturity 2029 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.

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

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.

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

• 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.

• 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

• 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.

• 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 MYCM profile⁠

Full VBCC profile⁠