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Fixed income strategies

Fixed income investments can play an important role in helping investors diversify their portfolios, plan for retirement, generate income, and potentially minimize taxes.

What we offer

Our fixed income strategies are available through ETFs, mutual funds, and separately managed accounts, offering investors a range of solutions designed to help diversify portfolios, generate potential income, manage risk, and pursue specific investment objectives- all while keeping fund fees and expenses low.

Our lineup spans major fixed income sectors, including broad market, government, corporate, and municipal bonds, through both index and actively managed approaches.

Separately managed accounts

For more than 35 years, Wasmer Schroeder Strategies have been focused on just one thing: fixed income. Our goal is to simplify the complex world of fixed income for both investors and advisors. Simply put, we do the hard work of building and managing fixed income strategies for a wide range of portfolio objectives, so our clients don't have to. Through taxable and tax-exempt strategies, including actively managed portfolios and bond ladders, Wasmer Schroeder Strategies provide investors with a high degree of transparency, customization, and dedicated fixed income expertise. 

Learn about our separately managed accounts.
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Mutual funds

Our fixed income mutual funds provide investors with a range of solutions spanning both index and actively managed strategies. From core bond market exposures to more flexible investment approaches, our funds are designed to help investors build diversified portfolios aligned with their income, risk, and investment objectives.

Learn about our mutual funds
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ETFs

Our fixed income ETF lineup offers investors low-cost access to a broad range of bond market exposures through both index and actively managed strategies. Investors can choose from core building blocks designed to track key segments of the fixed income market, as well as actively managed solutions that provide flexibility to pursue additional investment opportunities.

Learn about our ETFs
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Advisor resources

Fee impact simulator

Use the fee impact simulator to see the long-term effects of expenses on a portfolio.

Fee impact simulator
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ETF education hub

Explore tools, analysis and insights designed to help advisors refine their ETF strategy and help meet their clients’ financial goals.

ETF education hub
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Featured products

SCCR

Schwab Core Bond ETF

SMBS

Schwab Mortgage Backed-Securities ETF

SCUS

Schwab Ultra-Short Income ETF

1. Schwab Asset Management is the 5th largest provider of ETFs. Source: Lipper. Ranking based on assets under management (AUM) as of June 30, 2026.

2. NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of investment risk (as defined in the Purposes and Procedures Manual of the NAIC Investment Analysis Office) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure. Under NAIC reporting rules, shares of a Fund are presumed to be reportable as common stock. The SVO may classify a Fund, for reporting with an NAIC Designation, as a bond or preferred stock, as applicable, and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the Fund and is not intended to convey approval or endorsement of the Fund Sponsor or the Fund by the NAIC.

NAIC designations should not be construed as an indication of the current or future profitability of any investment.

3. Source: Schwab Asset Management’s analysis of expense ratios using Morningstar data, as of 7/7/2026.

Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can obtain a prospectus, or if available, a summary prospectus by visiting www.schwabassetmanagement.com/prospectus.  Please read it carefully before investing.

Please refer to the Charles Schwab Investment Management, Inc. Disclosure Brochure for additional information.

​Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.

​Mortgage-backed securities (MBS) may be more sensitive to interest rate changes than other fixed income investments. They are subject to extension risk, where borrowers extend the duration of their mortgages as interest rates rise, and prepayment risk, where borrowers pay off their mortgages earlier as interest rates fall. These risks may reduce returns.

Certain U.S. government securities that the Schwab Mortgage-Backed Securities ETF invests in are not backed by the full faith and credit of the U.S. government, which means they are neither issued nor guaranteed by the U.S. Treasury. There can be no assurance that the U.S. government will provide financial support to securities of its agencies and instrumentalities if it is not obligated to do so under law. Also, any government guarantees on securities the fund owns do not extend to the shares of the fund itself.

Schwab Ultra-Short Income ETF is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share. The fund is not subject to the strict rules that govern the diversity, quality, maturity, liquidity and other features of securities that money market funds may purchase designed to enable money market funds to maintain a stable share price and to limit investment risk. Under normal circumstances, the fund’s investments may be more susceptible than a money market fund is to credit risk, interest rate risk, valuation risk and other risks relevant to the fund’s investments. The fund does not seek to maintain a stable net asset value of $1.00 per share. Therefore, the fund’s net asset value per share and market value will fluctuate, and these fluctuations may be significant on certain days. There can be no guarantee that the fund will generate higher returns than money market funds. In addition, the fund does not qualify for certain tax relief afforded to money market funds by the U.S. Treasury.

The Schwab Ultra-Short Income ETF and the Schwab Core Bond ETF are actively managed exchange-traded funds and therefore do not seek to replicate the performance of any specific index. The funds may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index.

An actively-managed fund is subject to the risk that its investment adviser and/or subadviser will select investments or allocate assets in a manner that could cause the fund to underperform or otherwise not meet its investment objective.

The funds may invest in U.S.-registered, dollar-denominated bonds of non-U.S. corporations. The funds' investments in bonds of non-U.S. issuers may involve certain risks that are greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may be heightened in connection with bonds issued by non-U.S. corporations and entities in emerging markets.

There are risks associated with any investment approach, the Wasmer Schroeder Strategies have their own set of risks. The Wasmer Schroeder Strategies invests primarily in fixed income instruments and as such the strategies are subject to various risks including but not limited to interest rate risk, reinvestment risk, credit risk, default risk and event risk. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.

Diversification strategies do not ensure a profit and do not protect against losses in declining markets.

Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

Portfolio Management for Wasmer Schroder Strategies is provided by Charles Schwab Investment Management, Inc., dba Schwab Asset Management®, a registered investment adviser and an affiliate of Charles Schwab & Co, Inc. ("Schwab"). Both Schwab Asset Management and Schwab are separate entities and subsidiaries of The Charles Schwab Corporation.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any of Its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested

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