The SPDR® SSGA MyIncome Suite Provides Active Exposure to
Corporate and Municipal Bonds With Defined Maturity Dates
- Fund lineup consists of nine corporate bond and five
municipal bond ETFs
- Investors can now leverage the potential benefits of
actively managed target maturity ETFs to build their own custom
bond ladder portfolios
- Uses a risk-aware, top-down approach combined with bottom-up
security selection that seeks to overweight the most attractive
sectors and issuers
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT) today announced the
introduction of its SPDR® SSGA MyIncome ETFs – the first actively
managed corporate and municipal target maturity bond ETFs in the
U.S. market. This suite of 14 actively managed target maturity ETFs
with different maturity years ranging from 2026 to 2034, seeks to
provide investors with the ability to build their own custom bond
ladder portfolios to manage their respective cash flow, interest
rate risk, and liquidity needs.
“Fixed-income investors have been enjoying the highest interest
rates seen in decades, but many are wondering how they can protect
against the potential for precarious rate fluctuations ahead," said
Anna Paglia, chief business officer for State Street Global
Advisors.
A common question clients ask advisors during times of interest
rate uncertainty is how should they invest if interest rates go
down? What changes should they make to their fixed income
allocations, and how long will they be able to take advantage of
today’s higher rates? This can be of particular interest to
retirees who are in the withdrawal phase of retirement, but still
seek preservation of capital.
“Building a bond ladder by investing in target maturity ETFs is
potentially helpful for retirees seeking predictability as they
plan for the next chapter of their retirement years, without having
to manage a portfolio of individual bonds,” Paglia added.
The SPDR SSGA MyIncome ETFs are designed to help investors to
efficiently build custom bond ladder portfolios to manage interest
rate risks, cash flows, and liquidity needs. The suite consists of
corporate bond and municipal bond ETFs. The nine SPDR SSGA MyIncome
Corporate Bond ETFs seek to maximize current income while seeking
preservation of capital. The five SPDR SSGA MyIncome Municipal Bond
ETFs seek to maximize current income that is exempt from regular
federal income taxes while seeking preservation of capital.
Investors are looking for ways to balance income and stability
in this rate environment, and building a bond ladder portfolio
through investing in ETFs may be an efficient way to manage
duration risk and cash flow to meet liquidity needs.
The investment strategies of the SPDR SSGA MyIncome ETFs are
designed to allow the portfolio management team to effectively
maximize yield while preserving capital through a robust investment
process and prudent risk management. State Street Global Advisors’
active approach seeks to enhance the income profile of a target
maturity ETF portfolio, while also managing for liquidity, sector,
issuer concentration, and broader macro risks.
The funds will be managed by State Street Global Advisors’
dedicated Active Fixed Income Portfolio Management Team.
For more information visit our MyIncome landing page.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions, and financial advisors. With a
rigorous, risk-aware approach built on research, analysis, and
market-tested experience, we build from a breadth of index and
active strategies to create cost-effective solutions. As pioneers
in index and ETF investing, we are always inventing new ways to
invest. As a result, we have become the world’s fourth-largest
asset manager* with US $4.37 trillion† under our care.
*Pensions & Investments Research Center, as of 12/31/23.
†This figure is presented as of June 30, 2024 and includes ETF AUM
of $1,393.92 billion USD of which approximately $69.35 billion USD
is in gold assets with respect to SPDR products for which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) acts
solely as the marketing agent. SSGA FD and State Street Global
Advisors are affiliated. Please note all AUM is unaudited.
Important Risk Information
Investing involves risk including the risk of loss of
principal.
The whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without SSGA’s express written consent.
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
Bonds generally present less short-term risk and
volatility than stocks, but contain interest rate risk (as interest
rates rise, bond prices usually fall); issuer default risk; issuer
credit risk; liquidity risk; and inflation risk. These effects are
usually pronounced for longer-term securities. Any fixed income
security sold or redeemed prior to maturity may be subject to a
substantial gain or loss.
Actively managed ETFs do not seek to replicate the
performance of a specified index. The Fund is actively managed and
may underperform its benchmarks. An investment in the fund is not
appropriate for all investors and is not intended to be a complete
investment program. Investing in the fund involves risks, including
the risk that investors may receive little or no return on the
investment or that investors may lose part or even all of the
investment.
In the Fund’s target maturity year, proceeds from bonds maturing
prior to the Fund’s liquidation date may be reinvested in cash and
cash equivalents. The Funds are designed to terminate on or about
December 15 in their final target year of maturity at which point
the Funds will distribute remaining net assets to shareholders
pursuant to a plan of liquidation. The Funds do not seek to
distribute any predetermined amount at maturity.
The municipal market is volatile and can be significantly
affected by adverse tax, legislative or political changes and the
financial condition of the issuers of municipal securities.
Interest rate increases can cause the price of a debt security to
decrease. A portion of the dividends you receive may be subject to
federal, state, or local income tax or may be subject to the
federal alternative minimum tax.
Non-diversified fund may invest in a relatively small
number of issuers. The value of shares of non-diversified funds may
be more volatile than the values of shares of more diversified
funds.
Intellectual Property Information: The S&P 500® Index
is a product of S&P Dow Jones Indices LLC or its affiliates
(“S&P DJI”) and have been licensed for use by State Street
Global Advisors. S&P® , SPDR® , S&P 500® ,US 500 and the
500 are trademarks of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”) and has been licensed for use
by S&P Dow Jones Indices; and these trademarks have been
licensed for use by S&P DJI and sublicensed for certain
purposes by State Street Global Advisors. The fund is not
sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones,
S&P, their respective affiliates, and none of such parties make
any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors,
omissions, or interruptions of these indices.”
Distributor State Street Global Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect wholly owned
subsidiary of State Street Corporation. References to State Street
may include State Street Corporation and its affiliates. Certain
State Street affiliates provide services and receive fees from the
SPDR ETFs.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit ssga.com. Read it carefully.
Not FDIC Insured - No Bank Guarantee - May Lose Value
State Street Global Advisors Fund Distributors, LLC,
member FINRA, SIPC
© 2024 State Street Corporation. All Rights Reserved. State
Street Global Advisors Funds Distributors, LLC, One Iron Street,
Boston, MA 02210
7047280.1.1.AM.RTL Exp. Date: 09/30/2025
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version on businesswire.com: https://www.businesswire.com/news/home/20240923406509/en/
Deborah Heindel 617-662-9927 dheindel@statestreet.com
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