MANI vs SCYB

MANIDMan Active Income ETF

SCYBASchwab High Yield Bond ETF

In short

MANI An income-first bond fund that runs on a manager's credit calls, not an index. Launched in 2025 into a high yield aisle dominated by ultra-cheap trackers, it is the active alternative, and priced like one.

SCYB Three basis points for the broad US high-yield corporate market. Schwab undercuts a category where the typical fund charges more than ten times as much, spreading the bet across roughly 1,800 bonds and paying monthly.

Stated mandate

MANI The Fund seeks current income, while capital growth is secondary.

SCYB The fund follows a rules-based strategy intended to track the high-yield bond market, primarily through bonds in the Bloomberg Barclays US Corporate High Yield Total Return Index and similar derivatives.

Why people hold it

• MANI Actively run with a clear hierarchy: current income first, capital growth second. No index to shadow, so the manager can move around the credit market.
• Pays income quarterly, with the prospectus committing to distributions at least annually.
• Plain 1940 Act fund structure: ordinary 1099 tax reporting, no K-1 to wait on.
• Its price swings so far sit among the steadier in the high yield group, though that read comes from a short history.

• SCYB 0.03% a year against a category median of 0.40%. Even the cheap rivals sit above it: SPHY at 0.05%, USHY at 0.08%.
• Tracks the same Bloomberg US Corporate High Yield index as BKHY, which charges 0.22%. Same map, cheaper toll.
• Roughly 1,800 bonds, so no single issuer's blowup drives the outcome. Rules-based and passive, and it has hugged its index closely.
• A multi-billion-dollar fund that trades actively and pays monthly, which matters in a corner of the market where getting out cheaply is half the job.

Worth knowing

• MANI The fee is 0.85% a year, roughly double the typical high yield ETF, and index heavyweights like SPHY, USHY and SCYB charge a small fraction of that.
• A 2025 launch that is still small and thinly traded, so bid-ask spreads can be wide and every order moves a bigger share of the day's volume.
• Nothing here is on autopilot. Results hang on the manager's credit selection, and the fund has not yet seen a full credit cycle.

• SCYB High yield means below-investment-grade credit. These bonds behave more like stocks than Treasuries when the economy sours, and the extra income is the payment for that risk.
• Launched in 2023, so it has a shorter record than rivals that have traded through more credit cycles.
• The strategy can hold derivatives alongside the bonds themselves to track the index, one layer beyond plain bond ownership.

Full MANI profile⁠

Full SCYB profile⁠