IBHI vs MYHD

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

MYHDBState Street My2030 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.

MYHD A bond-ladder rung with a high-yield accent. MYHD holds roughly 160 junk-rated corporate bonds maturing in 2030, actively picked rather than index-copied, in a corner of the market ruled by cheap investment-grade trackers.

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.

MYHD The fund seeks to maximize current income while preserving capital through a risk-aware, actively managed strategy focused on high-yield corporate bonds maturing in 2030.

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.

• MYHD Active management inside a dated-maturity wrapper: State Street picks high-yield corporates maturing in 2030, seeking current income while preserving capital.ssga.com
• Spread across about 160 bonds, so one blown-up issuer is a dent rather than a hole.
• Income arrives on a set schedule, and the fund discloses up front that part of a payout can be return of capital.ssga.com
• It names a yardstick, the ICE 2030 Maturity US High Yield Index, so the manager's calls can be measured against the plain-vanilla version.

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

• MYHD The active work costs: 0.39% a year, versus about 0.10% for index-run 2030 ladders like BSCU.
• High yield means credit risk. A 2030 maturity is a schedule, not a shield, if an issuer stumbles before it gets there.
• Launched in 2026, it is still a small, lightly traded fund, so bid-ask spreads can run wider than the category's giants.

Full IBHI profile⁠

Full MYHD profile⁠