What Is the MYMI ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The State Street My2029 Municipal Bond ETF (MYMI ETF) combines target-maturity US municipal bond exposure with a pursuit of federally tax-exempt income. Reviewing its maturity structure, management fee, distribution history and the interest rate environment together is important for dividend-related decisions and long-term holding prospects.
SubscribeWhat Is the State Street My2029 Municipal Bond ETF?
The MYMI ETF is an actively managed product built mainly around bonds issued by US state and local governments and public agencies that fit a target maturity window. It references the characteristics of a US municipal bond target-maturity index, but selects issuers and sectors to manage the portfolio.
It is suited to long-term investors who want to manage the tax characteristics of US municipal bonds and interest rate risk together while taking the timing of expected cash flows into account.
It is an ETF run with an active management approach by State Street.
How Does the State Street My2029 Municipal Bond ETF Invest?
| Item | Details |
|---|---|
| Reference index | US Municipal Bond Target Maturity Index |
| Management style | Active management |
| Target maturity | Around 2029 |
| Rebalancing frequency | Adjusted based on management judgment and index criteria |
| Distribution frequency | Distribution history exists (the schedule is irregular, so do not assume a fixed frequency) |
| Total expense ratio | 0.20% |
The MYMI ETF is mainly exposed to US municipal bonds within the target maturity window, considering the tax characteristics of interest income together with principal preservation. The manager combines an approach that monitors the macro environment with a selection process that reviews the financial condition of individual issuers, adjusting sector and issuer weightings accordingly.
- Municipal bond cash flows designed around the target maturity date
- Active management that combines macro views with individual bond selection
- Pursuit of federally tax-exempt income from US municipal bonds
State Street My2029 Municipal Bond ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $14.6M, and the total expense ratio is 0.20% per year.
With target-maturity municipal bond products, the maturity window, trading liquidity and fee burden should be reviewed together. Because the MYMI ETF has a relatively limited asset base, investors should check their order method and bid-ask spreads, and confirm whether holding it to a target date fits their purpose rather than trading it over the short term.
State Street My2029 Municipal Bond ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe performance of the MYMI ETF is influenced by interest rate levels, changes in the yield curve and the credit conditions of municipal issuers. As the fund approaches its target maturity, the remaining maturity structure may change. Falling market rates can be favorable for bond prices, but the trading terms of individual bonds and the tax effects should also be checked.
Demand for municipal bonds can vary with taxable income, the tax environment, interest rate movements and regional fiscal conditions. The MYMI ETF may connect with demand from investors who want to build a cash flow plan using a target maturity structure, but for a product with limited size, the effect of fund inflows and outflows on trading conditions is also an item to monitor.
State Street My2029 Municipal Bond ETF Strengths and Weaknesses
The target-maturity cash flow design and the tax characteristics of municipal bonds are strengths, but interest rate and credit risk as well as trading conditions need to be checked separately.
💪 Key Strengths
⚠️ Points to Watch
State Street My2029 Municipal Bond ETF Alternative ETFs and Related Products
Among the products listed in the table, the VTEB ETF can be compared by those who want broad exposure to US tax-exempt municipal bonds, and the MUB ETF can be considered as an alternative covering the national municipal bond market. The JMUB ETF serves as a reference point for comparing active management styles, and the CGMU ETF can be used to see how an income-focused municipal bond approach differs. The CMF ETF prompts a check on geographic diversification when compared with concentrating on a single state's municipal bonds. Because the target maturity structure is the core of the MYMI ETF, it should be compared with these products on maturity composition, fees and liquidity together.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 MUB | iShares National Muni Bond ETF | $104.82 | +0.3% | $54.9B | 0.05% | 3.27% | -2.5% |
 VTEB | Vanguard Tax-Exempt Bond ETF | $49.19 | +0.2% | $53.9B | 0.03% | 3.46% | -2.6% |
 JMUB | JPMorgan Municipal ETF | $49.39 | +0.2% | $9.2B | 0.18% | 3.79% | -2.8% |
 CGMU | Capital Group Municipal Income ETF | $26.96 | +0.1% | $7.7B | 0.27% | 3.39% | -1.9% |
 CMF | iShares California Muni Bond ETF | $56.16 | +0.2% | $5.5B | 0.08% | 3.03% | -2.5% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 NYT | New York Times Co | 0.12% | $72.70 | +0.2% | $11.6B | 29.1 | 1.24% |
 NJR | New Jersey Resources Corp | 0.05% | $54.82 | +0.2% | $5.6B | 15.2 | 3.52% |
 LVS | Las Vegas Sands Corp | 0.01% | $40.23 | -1.4% | $25.2B | 16.6 | 2.95% |
State Street My2029 Municipal Bond ETF Investor Checkpoints
When considering the MYMI ETF, investors should not look only at the pursuit of tax-advantaged income, but first confirm whether the target maturity structure matches the time when the money will be needed. The value of municipal bonds can vary with issuers' fiscal conditions and interest rate changes, and trading terms and distribution history are also items to review.
| Checkpoint | What to check | Current status |
|---|---|---|
| Target maturity | Whether the maturity structure fits the planned timing of fund use | Needs to be checked against investment goals |
| Costs | Fee burden over a long holding period and cost comparison with similar products | Comparison needed |
| Liquidity | Checking bid-ask spreads and trading conditions before buying and selling | Check before ordering |
| Taxes | Reviewing the actual after-tax effect by state of residence and account type | Individual circumstances need to be checked |
Municipal bonds can face price pressure when interest rates rise, and credit risk can vary with issuers' finances and regional economic conditions. Even with a target-maturity structure, a gap between market price and net asset value can arise if the fund is sold early, and past distributions do not guarantee future distributions.
The MYMI ETF can be a candidate for investors who want exposure to US municipal bonds within a target maturity window. However, tax benefits vary with an individual's tax status, and the results of trading before the target date are affected by interest rates and trading conditions. An approach that checks cash flow planning, liquidity, and the costs and management styles of similar products together is needed.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of August 18, 2026.
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