State Street My2028 High Yield Corporate Bond ETFMYHB

State Street’s MYHB fund is marketed as a personalised, high-return corporate bond ETF, but the reality is a bit more mundane. The fund tracks the Bloomberg US Corporate 1-10 Year high-return Index, which is broadly a basket of bonds from over 200 issuers, with the top 10 holdings making up just 9.0% of the portfolio. It’s a classic case of slick marketing versus the boring truth-high-return, yes, but with a 0.45% fee for the privilege.

The fund’s top holdings include familiar names like Ford Credit and Whirlpool, but the concentration is low, and the fund’s performance is largely tied to the broader high-return bond market. State Street’s marketing materials highlight the fund’s ‘wide access to diverse investment opportunities,’ but the reality is that MYHB is just another passive wrapper for a bond index, with the usual fees and tracking error.

The fund’s expense ratio of 0.45% is higher than some of its peers, and while the AUM of $1.2 billion is respectable, it’s not exactly setting the market on fire. The fund’s dividend yield is around 6.0%, which is decent for a high-return bond ETF, but the source directs readers to be aware that the fund’s performance is closely tied to the broader high-return bond market, and that the fund’s fees will eat into any gains (source: FINRA Fund Analyzer, https://tools.finra.org/fund_analyzer/).

For those looking to invest in high-return corporate bonds, MYHB offers a straightforward, if unremarkable, option. The fund’s tracking method is straightforward-it aims to replicate the performance of the Bloomberg US Corporate 1-10 Year high-return Index-but the source directs readers to be aware of the fund’s fees and the fact that the fund’s performance is largely tied to the broader high-return bond market. As always, it’s important to do your own research and understand the risks before investing (source: State Street SPDR official ETF centre, https://www.ssga.com/us/en/intermediary/etfs).