State Street Investment Management is expanding its target-maturity lineup with five actively managed high-yield bond ETFs, giving income-focused investors new tools to build defined-outcome bond ladders.
The new funds — State Street My2027 High Yield Corporate Bond ETF (NASDAQ:MYHA), State Street My2028 High Yield Corporate Bond ETF (NASDAQ:MYHB), State Street My2029 High Yield Corporate Bond ETF (NASDAQ:MYHC), State Street My2030 High Yield Corporate Bond ETF (NASDAQ:MYHD) and State Street My2031 High Yield Corporate Bond ETF (NASDAQ:MYHE) — each focus on below-investment-grade corporate bonds maturing in their respective calendar years.
Each ETF primarily holds high-yield bonds scheduled to mature in the fund's target year. MYHA, for instance, centers on 2027 maturities, while MYHE extends exposure out to 2031. The funds are structured to liquidate and distribute remaining principal around mid-December of their maturity year, giving investors a clearer timeline for capital return.
The design mirrors the experience of holding individual bonds to maturity, but within an ETF wrapper that simplifies diversification and trading.
Unlike many indexed target-date bond ETFs, the new offerings are actively managed. Portfolio managers use a bottom-up approach to select bonds they view as attractive within each maturity bucket, with the flexibility to overweight favored issuers or sectors.
The laddered structure may help reduce interest-rate sensitivity as bonds roll down toward maturity. However, investors remain exposed to credit risk — a key consideration in the high-yield market, where spreads can widen quickly during economic stress.
Expanding The MyIncome suite
The launch builds on the firm's MyIncome ETF platform, introduced in 2024 to help investors construct bond ladders without managing individual securities. Earlier funds in the suite have posted steady coupon profiles. For example, the State Street My2028 Corporate Bond ETF (NASDAQ:MYCH), an investment-grade strategy, carried an average coupon of 4.35% as of Feb 25.
By adding high-yield options across five consecutive maturities, State Street is broadening the menu for investors seeking elevated income with a defined time horizon — a combination that remains in demand amid ongoing rate and credit volatility.
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