MYCN vs VBCB: Grades, Fees and Holdings Compared

State Street My2034 Corporate Bond ETF

MYCNCNasdaq

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.07pt a year

MYCN0.15%VBCB0.08%

Avg volume · 30D

VBCB 12.9×the volume

MYCN2.01KVBCB25.9K

MYCN vs VBCB Performance

Jul 31, 2026 – Oct 30, 2026

−0.8%MYCN+0.6%VBCB

Expense ratio: MYCN 0.15%; VBCB 0.08%, better
Fund size: MYCN $9M; VBCB $117M
1Y total return: MYCN −0.6%; VBCB No data
Yield (12M): MYCN 5.18%; VBCB No data
Holdings: MYCN 120; VBCB 667
Avg volume (30D): MYCN 2.01K sh; VBCB 25.9K sh, better
NAV per share: MYCN $23.53; VBCB $75.14
52W range

ETF.net Grade

Pillar letters and Scores for MYCN, VBCB, with each pillar’s weight
Pillar	MYCN	VBCB
Cost30% weight	F11	A89Higher
Mission25% weight	A94	A100Higher
Risk15% weight	D27	A88Higher
Tradability15% weight	D32	C40Higher
Holdings10% weight	D32	A84Higher
Durability5% weight	C40	B56Higher

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. MYCN and VBCB are both graded against the same 42 Defined-Maturity Investment Grade Corporate funds, so their Grades compare head to head.

Defined-Maturity Investment Grade Corporate⁠

Category · 42 funds

See all 42 ›

VBCB ranks 1st and MYCN 34th of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 82
Rank 2AVBCAVanguard Target Maturity 2027 Corporate Bond ETFScore 78
Rank 34CMYCMState Street My2033 Corporate Bond ETFScore 40
Rank 34CMYCNState Street My2034 Corporate Bond ETFScore 40
Rank 36DMYCFState Street My2026 Corporate Bond ETFScore 39

Our read on each fund

ETF.net Research

MYCNCState Street My2034 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

MYCN Most target-maturity bond funds are index ladders. State Street runs this 2034 rung actively: a manager hand-picks corporate bonds maturing that year, aiming at income with capital preservation, and pays out monthly.

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

MYCN The Fund seeks to maximize current income while seeking preservation of capital through an actively managed target-maturity portfolio primarily invested in corporate bonds maturing in 2034.

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

MYCN Active, not a rules-based rung: managers select the 2034 corporates rather than replicate a benchmark, with the ICE 2034 Maturity US Corporate Index as the yardstick.ssga.com
One dated job: a portfolio of roughly 120 corporate bonds maturing in 2034, seeking to maximize current income while seeking preservation of capital. Income arrives monthly.
What's inside matches what's on the label: the holdings track the stated 2034 corporate mandate closely, one of the cleaner mandate fits among target-maturity funds.

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

MYCN Active costs more. At 0.15% it sits above the index-run rungs (VBCB at 0.08%, IBDU and BSCT at 0.10%) and above the category median of 0.10%.
Launched in 2024 and still small and thinly traded, so bid-ask spreads can run wider than at the big ladder shops and larger orders are harder to fill quietly.
A 2034 maturity is the long end of the ladder: more price movement when rates shift than near-dated rungs, plus the credit risk that comes with corporate bonds.

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 MYCN profile⁠

Full VBCB profile⁠

MYCN vs VBCB Holdings

How MYCN and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile87.4%
Asset classFixed Income100%

Sector

No Sector split for VBCB.

Country, concentration and asset class

Country by domicile

Country weights in MYCN and VBCB, widest gap first
Country	More in MYCNMore in VBCB	MYCN	VBCB
United States	MYCN +10.7 points	91.3%	80.6%
Japan	VBCB +3.3 points	0.0%	3.3%
Canada	VBCB +2.7 points	2.1%	4.8%
Australia	VBCB +2.0 points	0.0%	2.0%
Luxembourg	MYCN +1.2 points	1.2%	0.0%
United Kingdom	VBCB +1.0 points	3.9%	4.9%
Germany	VBCB +1.0 points	0.0%	0.9%
Spain	VBCB +0.7 points	0.0%	0.7%
Other countries (8)	VBCB +1.2 points	1.5%	2.7%

Concentration

Weight in the 10 largest Holdings

MYCN20.6%
VBCB6.2%

Securities held

MYCN119
VBCB662

Asset class

MYCN: Fixed Income
VBCB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. MYCN holds 119 securities, VBCB 662.

All 120 MYCN holdings⁠All VBCB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MYCN vs VBCB Cost

Overpaying MYCN vs VBCB

$1,448

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

MYCN 0.15%
$3,137
VBCB 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

MYCN 0.15%
VBCB 0.08%
Overpaying

Year by year

Year	MYCN	VBCB	Overpaying
10	$274	$147	$127
20	$1,071	$575	$496
30	$3,137	$1,689	$1,448

Expense ratio

0.15%MYCN
0.08%VBCB, cheaper

VBCB0.08%MYCN0.15%

0.08%0.15%

Middle half of Defined-Maturity Investment Grade Corporate funds
Median 0.10%

VBCB cheapest of 42 funds

MYCN 33rd cheapest of 42 funds

MYCN vs VBCB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MYCN 5.18%; VBCB No data
Payout (12M): MYCN $1.22; VBCB No data
Last payment: MYCN $0.10; VBCB $0.26
Ex-dividend: MYCN Oct 1, 2026; VBCB Oct 1, 2026
Paid on: MYCN Oct 6, 2026; VBCB Oct 5, 2026
Frequency: MYCN Monthly; VBCB Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

MYCNMonthly · 25 paymentsAll MYCN payments⁠

VBCBMonthly · 6 paymentsAll VBCB payments⁠

MYCN vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: MYCN 5.0%since Oct 2024VBCB No data
Return per unit of riskSharpe ratio, 3 years: MYCN −0.36since Oct 2024VBCB No data
Worst fallMax drawdown, 5 years: MYCN −5.1%since Sep 2024VBCB No data
Market sensitivityBeta, 5 years: MYCN 0.15VBCB 0.05; Market = 1

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