IBHI vs MYHE

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

MYHECState Street My2031 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.

MYHE A bond fund with a bond's ending. MYHE holds high-yield corporates maturing in 2031, then aims to hand back remaining principal and wind down around December 15, 2031. The twist: a live manager picks the credits instead of an index doing it.

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.

MYHE The fund actively manages a target-maturity portfolio primarily of high-yield corporate bonds maturing in 2031. It seeks current income and capital preservation and is designed to distribute remaining principal and liquidate around December 15, 2031.

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.

• MYHE Built to mature, not to run forever: it targets bonds maturing in 2031 and is designed to distribute remaining principal and liquidate around December 15, 2031.ssga.com
• Actively managed in a corner of the market built on index ladders like IBDU and BSCU, using the ICE 2031 Maturity US High Yield Index as its reference point.
• Roughly 150 bonds spread single-issuer credit risk across the portfolio, and the fund pays income 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

• MYHE Active costs money: 0.39% a year, while the typical target-maturity bond ETF sits near a tenth of a percent.
• Small and lightly traded, which can mean wider bid-ask spreads than the big index-based ladders in the category.
• High-yield corporates sit below investment grade, so default and credit risk ride along. The fund launched in 2026, so its track record is short.

Full IBHI profile⁠

Full MYHE profile⁠