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Launched

Man Active High Yield ETF

MHYNYSE ArcaD

$25.16−0.01 (−0.04%)

As of Oct 13, 2026, 3:59 PM

D36/ 100

Rank 12 of 13 in International High Yield Bond

D36/100Rank 12 of 13inInternational High Yield Bond
Intraday session: down, 5 prints from 25.17 to 25.16. Range 25.14 to 25.17. Use the arrow keys to read each point.25.1425.1425.1525.1625.1610 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$32M
1Y total return
+8.3%
Yield · Last 12 months
Data unavailable
Holdings
77
Avg volume · 30D
0M sh
NAV per share
$25.13
52W range
low $24.68high $26.38
Launched

The ETF.net MHY Grade

D

Score 36 out of 100

Category
International High Yield Bond⁠
Rank
12 of 13
Six-pillar profile for MHY. Scores out of 100: Cost 2, Risk 79, Mission 59, Tradability 39, Holdings 26, Durability 26. Strongest: Risk (79). Weakest: Cost (2). Leans toward Risk.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F2 out of 100
    Rank 13 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B59 out of 100
    Rank 9 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 1 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 9 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D26 out of 100
    Rank 12 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D26 out of 100
    Rank 12 of 13

Our read on MHY

ETF.net Research

DMan Group ran institutional credit for decades before it ever printed a ticker. MHY is the high yield entry in its first ETF launch: an actively run, global junk bond book from Man's own credit desk.

Stated mandate

The Fund seeks current income as its primary objective and capital growth as a secondary objective.

Why people hold it

  1. 01Active from the ground up: at least 80% of net assets in high yield bonds, run by Man's global high yield credit team, with current income the stated first objective and capital growth second.man.com
  2. 02Wide latitude by design. The prospectus permits up to 30% of net assets in bonds rated below B3 by Moody's or below B- by S&P/Fitch, the deep end of the credit market.man.com
  3. 03One line on the fee table: a 0.69% management fee, no 12b-1 fee, no separate other expenses. Income is distributed quarterly.sec.gov

Worth knowing

  1. 01That 0.69% sits well above the high yield category median near 0.40%, and index heavyweights such as SCYB, SPHY and USHY charge single-digit basis points for broad exposure.
  2. 02It listed in September 2025, so the live record is short. As a newer, smaller fund it can trade with wider spreads than the category's index giants.
  3. 03Global mandate plus that below-B3 allowance means credit and currency exposure a plain US high yield index fund does not carry.man.com

MHY Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
77
Top-10 weight
44%
Largest holding
Cash and Net Current Assets14.3%

Geography

  • United States92.86%
  • Norway5.46%
  • Sweden1.68%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash and Net Current Assets14.32%0$5M4
002—Arches Buye 07/28/31 Term Loan4.42%1,500,000$1M1
003—Loan Team Services Holding In 01/31/33 Term Loan4.20%1,396,500$1M2
004—Cerdia Finanz Gmbh 9.375 10/3/20313.86%1,289,000$1M2
005—Future PLC 6.75 7/10/20303.36%910,000$1M2
006—Air Limited 7.875 10/1/20313.03%1,052,000$1M3
007—LOAN INTEGRA LIFESCIENCES HOLDI 10/09/33 Term Loan2.94%1,000,000$980K1
008—Staples Inc 10.75 9/1/20292.83%983,000$943K2
009—Paradigm P 04/16/32 Term Loan2.75%994,975$916K1
010—Sabre GLB 07/30/29 Term Loan2.73%974,874$908K1
011—Rr Donnelley & Sons Co 11 6/1/20312.63%900,000$877K1
012—National Mentor Holdings 10.5 12/15/20302.19%700,000$729K2
013—1261229 B.C. (Bausch He 10/08/30 Term Loan2.07%696,474$690K1
014—Tronox Fin LLC 04/ 04/04/29 Term Loan1.90%797,975$634K1
015—Oceanica Lux 11.25 5/8/20311.88%726,000$626K9

Showing 1–15 of 77 holdings

MHY Performance

Launched Sep 16, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MHY$10,826
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MHY $10,826. SPY $12,044. Use the arrow keys to read each point.$9,547$10,896$12,245Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MHY. Periods over one year show the average yearly return.
PeriodMHY
Year to date+5.9%
1 month−1.0%
3 months+0.9%
1 year+8.3%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MHY
YearReturn barMHY
2026 YTD+5.9%
2025+1.7%

History from Sep 18, 2025

MHY in the news

No ETF.net Research article names MHY yet.

MHY Dividends

Last payment
$0.58 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 16, 2025 $0.85; Mar 25, 2026 $0.07; Jun 24, 2026 $0.43; Sep 24, 2026 $0.58. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.58
Jun 24, 2026Jun 30, 2026$0.43
Mar 25, 2026Mar 31, 2026$0.07
Dec 16, 2025Dec 31, 2025$0.85

MHY Risk

How much the fund’s monthly returns vary, scaled to a year.
2.9%
Annualised · 12 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.35
vs 3-month T-bills · 12 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.3%
12 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MHY Cost

Expense ratio0.69%
  • The middle half of International High Yield Bond funds
  • Median 0.46%

Every other International High Yield Bond fund charges less.

MHY costs $69.00 a year on $10,000. The median International High Yield Bond fund costs $46.00.

Other funds in International High Yield Bond

See others