State Street My2028 High Yield Corporate Bond ETF (MYHB)

The State Street My2028 High Yield Corporate Bond ETF is a target maturity fund from State Street Investment Management that invests in U.S. dollar-denominated high yield, or below-investment-grade, corporate bonds maturing or expected to be redeemed in 2028. The fund is scheduled to wind down and distribute its remaining assets to shareholders in 2028.

The defined end date gives the fund a bond-like profile, with its maturity shortening each year, while spreading credit exposure across many issuers instead of a single company. It distributes income from its holdings and gradually moves to cash equivalents as bonds mature in the final year. It is part of a family of dated high yield funds listed on NASDAQ.