IBHI vs MYHA

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

MYHACState Street My2027 High Yield Corporate Bond ETF

In short

IBHI Bond ladders are usually an investment-grade game. IBHI takes the iBonds defined-maturity wrapper down into high yield: a basket of dollar-denominated junk and other income bonds that all mature in 2029, then the fund winds down and pays out.

MYHA A junk-bond fund with an expiration date. MYHA holds about 100 high yield corporate bonds maturing in 2027, then pays out the remaining principal and winds up around December 15, 2027: bond-style maturity, ETF wrapper.

Stated mandate

IBHI The fund seeks to track an index of U.S.-dollar-denominated, high-yield and other income-generating corporate bonds maturing in 2029.

MYHA The fund is actively managed to invest primarily in high-yield corporate bonds maturing in 2027, with remaining principal distributed and the fund liquidated around December 15, 2027. It seeks current income and capital preservation through bottom-up security selection.

Why people hold it

• IBHI A maturity date on junk bonds: it tracks an index of U.S.-dollar high-yield and other income-generating corporates maturing in 2029, then terminates and distributes at term.ishares.com
• Roughly 400 bonds behind it, so one issuer stumbling is a dent rather than a hole in a corner of the market where stumbles are part of the deal.
• Sits on the same 2029 rung as investment-grade IBDU and Treasury IBTJ, so you can move credit risk up or down without touching the maturity date.
• Coupons land monthly rather than quarterly, which matters if the point of the ladder is spending the income.

• MYHA Matures like a bond rather than rolling forever: it targets 2027 corporate paper, distributes remaining principal and liquidates around December 15, 2027.
• State Street runs it actively, picking bonds bottom up against the ICE 2027 Maturity US High Yield Index instead of mechanically replicating a ladder.
• Goes where most target-maturity shelves stop: below investment grade, seeking current income and capital preservation over a short, fixed life.
• Income lands quarterly, and because every holding is aimed at a 2027 maturity, interest-rate sensitivity mechanically shrinks as the wind-up date nears.

Worth knowing

• IBHI The credit risk is the point, and it cuts both ways: high-yield issuers can default, so the 2029 date sets the schedule, not what comes back.ishares.com
• 0.35% a year is above the typical target-maturity bond fund; the investment-grade neighbors IBDU and BSCT run 0.10%.
• Late in life it stops looking like a high-yield fund: as bonds mature, proceeds park in cash-like instruments until the fund closes and pays out.ishares.com

• MYHA The 0.39% fee sits well above the index-run maturity ladders it competes with, such as IBDU and BSCT, which is a real bite on a short-lived income holding.
• Launched in 2026 and still small, it trades thinly, so bid-ask spreads can run wider than on the established target-maturity funds.
• High yield means credit risk. Capital preservation is the stated goal, not a promise, and unlike a single bond there is no fixed maturity value per share.

Full IBHI profile⁠

Full MYHA profile⁠