IBHI vs MYHC

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

MYHCCState Street My2029 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.

MYHC A 2029 rung of a bond ladder built from junk bonds instead of blue chips. Actively managed, and designed to pay out remaining principal and wind down on or about December 15, 2029, giving it the end date most bond funds never have.

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.

MYHC The fund uses an actively managed target-maturity strategy focused primarily on high-yield corporate bonds maturing in 2029. It is designed to distribute remaining principal and liquidate around December 15, 2029.

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.

• MYHC Has a finish line: built to distribute any remaining principal and liquidate on or about December 15, 2029, so it behaves more like a single bond than a fund that rolls its holdings forever.ssga.com
• Actively managed rather than rules-based, so the team chooses which 2029 high yield bonds to hold and which credits to leave alone.ssga.com
• Fills the high yield slot in a category built mostly of investment-grade and Treasury ladders (iShares iBonds Dec 2029 Term Corporate, iBonds Dec 2029 Term Treasury, BulletShares 2029 Corporate).
• Spreads credit risk across roughly 160 bonds instead of one issuer, and pays distributions 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

• MYHC At 0.39% a year, it costs meaningfully more than index-run 2029 ladders such as IBDU and BSCT at 0.10%.
• High yield means real default risk: what comes back at wind-up depends on the bonds actually paying, not on a fixed par value.
• A small fund launched in 2026 and thinly traded, so bid-ask spreads can be wide.

Full IBHI profile⁠

Full MYHC profile⁠