ETF Evaluator: State Street® My2027 Municipal Bond ETF () Follow This ETF

State Street® My2027 Municipal Bond ETF Overview

State Street® My2027 Municipal Bond ETF (MYMG) is an actively managed Municipal Bond Muni Target Maturity exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2024.

The investment seeks to maximize current income that is exempt from regular federal income taxes while seeking preservation of capital. Under normal circumstances, SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”) invests at least 80% of the fund’s net assets (plus borrowings for investment purposes) in investments the income of which is exempt from regular federal income tax. The fund primarily invests in municipal bonds maturing in the year 2027, which may include bonds with embedded issuer call options falling within that year. The fund is non-diversified.

About State Street® My2027 Municipal Bond ETF (MYMG)

There are 2 members of the management team with an average tenure of 1.85 years: Arthur Aaronson (2024) and Stella DeLucia (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: ICE 2027 Maturity US Broad Muni TR USD index with a weighting of 100%. State Street® My2027 Municipal Bond ETF has 72 securities in its portfolio. The top 10 holdings constitute 32.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

State Street® My2027 Municipal Bond ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. State Street® My2027 Municipal Bond ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.3% (95.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street® My2027 Municipal Bond ETF has 4.7% of the portfolio in cash.

Assets Under Management

The fund has $8 million in total assets, which is below the $171 million average for the Muni Target Maturity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MYMG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street® My2027 Municipal Bond ETF expense ratio is below average compared to funds in the Muni Target Maturity category. State Street® My2027 Municipal Bond ETF has an expense ratio of 0.20%, which is 9% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street® My2027 Municipal Bond ETF has a portfolio turnover rate of 87%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 24% for the Muni Target Maturity category.

Recently, in the month of July 2026, State Street® My2027 Municipal Bond ETF returned 0.0%, which earned it a grade of A, as the Muni Target Maturity category had an average return of -1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

State Street® My2027 Municipal Bond ETF has a trailing yield of 2.86%, which is above the 2.79% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

State Street® My2027 Municipal Bond ETF Grades

Year to date, the ETF has returned 1.4%, 0.9 percentage points better than the category, which translates into a grade of A. The fund has returned 3.3% over the past year (grade of B).

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