IBHI vs MYHB

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

MYHBCState Street My2028 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.

MYHB A single-year slice of the junk bond market with an end date: MYHB holds high yield corporates maturing around 2028, then pays out remaining principal and closes. The twist is that it is actively run, part of State Street's first active target-maturity lineup rather than an index rung.

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.

MYHB The fund is actively managed to provide primarily high-yield corporate-bond exposure maturing in 2028. 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.

• MYHB Behaves more like a bond than a bond fund: it targets high yield corporates maturing in 2028, then pays out remaining principal and liquidates on or about December 15 that year.statestreet.com
• Active credit picking inside a ladder rung: State Street pioneered actively managed corporate target-maturity ETFs in 2024, so a manager screens issuers rather than an index.statestreet.com
• Roughly 130 bonds, so one troubled issuer is a dent rather than the whole story, and income lands quarterly.

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

• MYHB The 0.39% fee is the price of the active layer. Index-built rungs from the iBonds (IBDU) and BulletShares (BSCT) families charge a fraction of that.
• Young, small and thinly traded next to the big ladder franchises, so the spread you pay getting in and out can matter as much as the fee.
• High yield means credit risk: issuers can default or get downgraded, and the 2028 payout depends on those bonds reaching the finish line.ssga.com

Full IBHI profile⁠

Full MYHB profile⁠