MYHE: STATE STREET(R) MY2031 HIGH YIELD CORPORATE BOND ETF
ETF Education Report: STATE STREET(R) MY2031 HIGH YIELD CORPORATE BOND ETF (MYHE)
What this ETF is trying to do
This ETF, known by its ticker symbol MYHE, focuses on high-yield corporate bonds. High-yield bonds are essentially loans made to companies that typically pay a higher interest rate to compensate for different levels of risk. This fund holds 171 different holdings.
What the numbers show
As of October 6, 2026, the current price of one share is $23.96.
It is important to note that specific performance data for this ETF was not supplied in the current report. This means we do not have the year-to-date (YTD) price return, the one-year price return, or the three-year price return. We also do not have total return data, which would show how much the fund earned including both price changes and distributions. Because there is no history of share splits for this ETF, we cannot compare current prices to estimated prices from a year ago.
Income and distribution explanation
Some investors look at ETFs to receive regular cash payments, called distributions. This ETF has a distribution yield of approximately 4.29%. This number describes the cash distributions relative to the current share price.
Over the last 12 months, the ETF had 7 distributions. While these payments provide cash, it is important to remember that a high distribution yield does not mean the investor earned that same percentage as a total return. Total return is the complete picture of how much an investment grew or shrank.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases. While a falling share price can sometimes be related to this, a falling market price does not automatically prove that the Net Asset Value (NAV) has declined.
For this ETF, there is no severe erosion-risk flag present. However, the report notes that the erosion score is withheld due to insufficient verified price history.
Top Holdings
The following are some of the top holdings in this fund. Please note that this is a partial list and holdings can change over time:
• MERIDIAN ARC HOLDCO LLC 6.25% (2.49%)
• PRIOR RNO PROPERTY OWNER 1 LLC 6.5% (1.97%)
• SV RNO PROPERTY OWNER 1 LLC 5.875% (1.73%)
• GALAXY HELIOS DATA CENTERS II LLC 9.875% (1.68%)
• CENTENE CORP. 2.5% (1.42%)
• CARVANA CO 9% (1.37%)
• TENET HEALTHCARE CORPORATION 6.75% (1.26%)
• ROCKET COMPANIES INC 6.125% (1.22%)
• HILTON DOMESTIC OPERATING CO INC. 4% (1.14%)
• GAINWELL ACQUISITION CORPORATION 9% (1.12%)
Pros
• The fund provides regular cash distributions.
• It offers exposure to a wide variety of corporate bonds (171 total holdings).
Cons
• Detailed price return and total return data were not available in this report.
• The income rating grade is a "D," with an income rating score of 55.
Beginner takeaway
When looking at high-yield bond ETFs like MYHE, it is important to look at more than just the distribution yield. Investors should try to find "total return" data to see how the share price and the cash payments work together. Always remember that receiving cash distributions is different from seeing your original investment grow in value.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MERIDIAN ARC HOLDCO LLC 6.25% | n/a | 2.49% |
| 2 | PRIOR RNO PROPERTY OWNER 1 LLC 6.5% | n/a | 1.97% |
| 3 | n/a | n/a | 1.88% |
| 4 | SV RNO PROPERTY OWNER 1 LLC 5.875% | n/a | 1.73% |
| 5 | GALAXY HELIOS DATA CENTERS II LLC 9.875% | n/a | 1.68% |
| 6 | n/a | n/a | 1.67% |
| 7 | CENTENE CORP. 2.5% | n/a | 1.42% |
| 8 | CARVANA CO 9% | n/a | 1.37% |
| 9 | n/a | n/a | 1.36% |
| 10 | n/a | n/a | 1.26% |