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Launched

Man Active High Yield ETF

MHYNYSE ArcaMan GroupD

$25.06+0.02 (+0.07%)

As of Nov 2, 2026, 12:32 PM ET

D35/ 100

Rank 12 of 13 in International High Yield Bond

D35/100Rank 12 of 13inInternational High Yield Bond
Intraday session: up, 32 prints from 25.04 to 25.06. Range 25.04 to 25.06. Use the arrow keys to read each point.25.0525.0525.0510 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$33M
1Y total return
+6.7%
Yield · Last 12 months
No data
Holdings
86
Avg volume · 30D
14.9K sh
52W range
low $24.68high $26.38
Launched

The ETF.net MHY Grade

D

Score 35 out of 100

Category
International High Yield Bond⁠
Rank
12 of 13
Six-pillar profile for MHY. Scores out of 100: Cost 2, Risk 67, Mission 54, Tradability 45, Holdings 30, Durability 26. Strongest: Risk (67). Weakest: Cost (2). Leans toward Risk.

Score 35 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.
    C54 out of 100
    Rank 9 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 2 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 6 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D30 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

In short

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

  • Active 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
  • Wide 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
  • One 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

  • That 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.
  • It 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.
  • Global mandate plus that below-B3 allowance means credit and currency exposure a plain US high yield index fund does not carry.man.com

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$10,668
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MHY $10,668. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+5.4%
1 month−1.0%
3 months−0.5%
1 year+6.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+5.4%
2025+1.7%

History from Sep 18, 2025

MHY in the news

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

$10,000 in MHY 1 year ago paid $760 in dividends.

MHY Risk

Risk pillarB67 out of 100Rank 2 of 13 in International High Yield Bond
How much the fund’s monthly returns vary, scaled to a year.
3.2%
Annualised · 13 months to Oct 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.
0.73
vs 3-month T-bills · 13 months to Oct 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.
−3.4%
13 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.

FMP measures it over up to five years of monthly returns.

MHY Cost

Compare MHY and HYDB

Overpaying vs HYDB, tied cheapest in International High Yield Bond

$6,303

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MHY 0.69%

    $13,429

  • HYDB 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • MHY 0.69%
  • HYDB 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MHY $13,429HYDB $7,126

Year by year

YearMHYHYDBOverpaying
10$1,232$634$598
20$4,697$2,454$2,243
30$13,429$7,126$6,303

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