IBDT vs MYCG

IBDTAiShares iBonds Dec 2028 Term Corporate ETF

MYCGCState Street My2027 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.

MYCG Target-maturity bond funds are mostly index ladders on autopilot. MYCG is the active take: State Street's managers hand-pick the 2027 corporate bonds, aiming for income and capital preservation while the clock runs down.

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.

MYCG The fund uses an actively managed target-maturity approach focused primarily on corporate bonds maturing in 2027. It seeks current income and capital preservation through top-down sector and issuer positioning combined with fundamental security selection.

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.

• MYCG Active where the category is passive: managers set sector and issuer positioning top-down and pick bonds on fundamentals instead of replicating a ladder index.ssga.com
• Defined-maturity build: roughly 180 corporate bonds clustered on 2027 maturities, so interest-rate sensitivity mechanically shortens as that date approaches.
• Income arrives monthly, and the ICE 2027 Maturity US Corporate Index sits there as a yardstick for what the active calls are actually doing.

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

• MYCG 0.15% is the price of the active mandate. Index-run rivals such as IBDU and BSCT charge 0.10%, and Vanguard's VBCB charges 0.08%.
• Small and lightly traded, so bid-ask spreads can run wider than at the category's household names. Order size and timing matter more here.
• Launched in 2024, so there's little history to judge, and an active portfolio can diverge from its benchmark in either direction.

Full IBDT profile⁠

Full MYCG profile⁠