IBDT vs MYCH

IBDTAiShares iBonds Dec 2028 Term Corporate ETF

MYCHDState Street My2028 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.

MYCH Most bond-ladder rungs are index trackers. MYCH is a rung with a driver: an actively managed basket of corporate bonds maturing in 2028, paying monthly, then handing back remaining principal and closing around December 15, 2028.

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.

MYCH The fund uses an actively managed target-maturity strategy focused primarily on corporate bonds maturing in 2028. It seeks current income and capital preservation and is intended to distribute remaining principal and liquidate around December 15, 2028.

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.

• MYCH Active, not index-fed. State Street's MyIncome suite arrived in 2024 as the first actively managed corporate target-maturity ETFs, choosing sectors and issuers by hand.ssga.comstatestreet.com
• Behaves like a bond, trades like a fund: roughly 400 corporate bonds, monthly distributions, and a built-in end date instead of a perpetual portfolio.
• Sits in the upper half of a crowded target-maturity field, and it is one of the easier rungs of its size to get in and out of.

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

• MYCH Active management costs more: 0.15% a year against 0.10% at index rungs like IBDU and BSCT, and 0.08% at Vanguard's VBCB.
• The end date cuts both ways. Cash comes back around December 15, 2028, so replacing that rung of the ladder is on you.ssga.com
• Launched September 2024, so the track record is short, and results hinge on manager judgment rather than a rules-based index.

Full IBDT profile⁠

Full MYCH profile⁠