IBDT vs MYCF

IBDTAiShares iBonds Dec 2028 Term Corporate ETF

MYCFDState Street My2026 Corporate Bond ETF

In short

IBDT Acts more like a bond than a bond fund: roughly 700 investment-grade corporate bonds that all mature in 2028, wrapped in one ticker with a defined end date. Built for ladder rungs, monthly distributions and a known finish line.

MYCF Most target-maturity bond ETFs just follow an index. MYCF is part of State Street's MyIncome suite, launched in 2024 as the industry's first actively managed corporate target maturity ETFs, and it's the rung that winds up in December 2026.

Stated mandate

IBDT The fund seeks to track an index of investment-grade corporate bonds maturing in 2028 and is designed to support income generation, bond-ladder construction, and interest-rate-risk management through a defined maturity.

MYCF The fund uses an actively managed target-maturity approach focused primarily on corporate bonds maturing in 2026. It seeks current income and preservation of capital, then plans to distribute remaining principal and liquidate around December 15, 2026.

Why people hold it

• IBDT The defined 2028 maturity does the work: one ticker behaves like a ladder rung, no hunting down individual bonds or tracking each one's maturity.ishares.com
• About 700 investment-grade corporate bonds inside, so no single issuer carries the outcome the way it would in a handful of hand-picked bonds.
• Costs 0.10% a year, right at the typical fee for target-maturity bond funds, and it is one of the more actively traded names in that group.
• Launched in 2018 and now a multi-billion-dollar fund, it ranks among the strongest implementations in the target-maturity bond group.

• MYCF Behaves more like a bond than a bond fund: about 110 investment-grade corporates all due in 2026, monthly income, then remaining net assets paid out around December 15, 2026.ssga.com
• Active where the rivals are mechanical. A team picks each bond using top-down risk work plus bottom-up research, aiming to overweight the sectors and issuers it finds most attractive.ssga.comstatestreet.com
• Short, defined runway. Everything inside matures in 2026, so there is far less interest-rate sensitivity than an open-ended corporate bond fund that keeps rolling into new paper.ssga.com

Worth knowing

• IBDT Vanguard's VBCB targets the same 2028 corporate maturity for 0.08%, two basis points cheaper.
• This is corporate credit, not Treasuries. The bonds are investment grade, but downgrades and defaults are still part of the picture.
• It has a finish line. When the 2028 term ends the strategy is over, so the what-next decision lands back with you.ishares.com

• MYCF You pay for the active seat: 0.15% a year, against 0.08% at VBCB and 0.10% at IBDU and BSCT, the index-run ladders it sits beside.
• Small and thinly traded next to the giant iBonds and BulletShares ladders, so bid-ask spreads are part of the cost of getting in and out.
• Not a bond substitute: the fund does not seek to distribute any predetermined amount at maturity, and maturing proceeds may sit in cash and cash equivalents during 2026.ssga.com

Full IBDT profile⁠

Full MYCF profile⁠