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The State Street My2032 High Yield Corporate Bond ETF is an actively managed target-maturity bond fund that primarily invests in high yield (below investment grade) corporate bonds maturing in 2032. The fund aims to maximize current income while seeking preservation of capital. Its investment policy requires that under normal circumstances at least 80 percent of its net assets be invested in high yield corporate bonds, with flexibility to include bonds within six months before or after the 2032 maturity date and to hold callable bonds.
The fund invests predominantly in U.S. dollar-denominated corporate debt. The adviser uses bottom-up security selection to overweight attractive issuers and sectors, combined with risk awareness. The strategy is part of State Street's MyIncome suite of ETFs, which are structured to terminate on or about December 15, 2032, at which point remaining principal is distributed to shareholders.
The fund is issued by State Street Global Advisors (SSGA) as part of its SSGA Active Trust. It is structured as a U.S.-domiciled exchange traded fund (ETF).
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This share class is accumulating: income is reinvested, and no cash dividends are paid.
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