Schwab High Yield Bond ETF
Summary
Objective
The fund's goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of US dollar denominated below investment grade corporate debt.
Highlights
- A straightforward, low-cost fund offering potential tax-efficiency
- The Fund can serve as a complement to the core of a diversified portfolio
- Simple access to the U.S. dollar denominated high yield corporate bond market
- Provides income from a broad maturity range in the U.S. dollar denominated high yield corporate bond market
Fund Details
Quote Details
- Today's Opening Value--
- Today's Volume (shares)23,154
- Previous Close Value--
- Median Bid/Ask Spread0.08%08/23/2023 - 09/22/2023
- Bid/Ask Midpoint$50.01As of 09/22/2023
- Premium/Discount-0.34%As of 09/22/2023
Fund Profile
| Fund Inception | 07/11/2023 | |
|---|---|---|
| Total Net Assets As of 09/22/2023
|
09/22/2023 | $50,229,844.57 |
| Total Expense Ratio | 0.100% | |
| Index Name | ICE BofA US Cash Pay High Yield Constrained Index | |
| Shares Outstanding As of 09/22/2023
|
09/22/2023 | 1,000,000 |
| NAV As of 09/22/2023
|
09/22/2023 | $50.23 |
| Total Holdings As of 09/22/2023
|
09/22/2023 | 986 |
| Portfolio Turnover Rate | -- | |
| Morningstar Category | High Yield Bond | |
| Management Style | Passive | |
| CUSIP | 808524631 | |
| Exchange | NYSE Arca, Inc. |
Fund Characteristics
| Weighted Average Maturity As of 06/30/2023
|
06/30/2023 | 0.0 years |
|---|---|---|
| Weighted Average Coupon As of 06/30/2023
|
06/30/2023 | 5.15% |
| Effective Duration As of 06/30/2023
|
06/30/2023 | 0.0 years |
| Standard Deviation (3 Yr) | -- |
Performance
Total Return
Monthly
-
SCYB Market Price
Cumulative Returns (%)
- 1 Month
- +0.28
- 3 Month
- --
- YTD
- --
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SCYB NAV
Cumulative Returns (%)
- 1 Month
- +0.33
- 3 Month
- --
- YTD
- --
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
ICE BofA US Cash Pay High Yield Constrained Index (Index)
Cumulative Returns (%)
- 1 Month
- +0.30
- 3 Month
- +3.39
- YTD
- +7.17
Annualized Returns (%)
- 1 Year
- +7.06
- 3 Year
- +1.85
- 5 Year
- +3.15
- 10 Year
- +4.38
-
High Yield Bond (Morningstar Category)
Cumulative Returns (%)
- 1 Month
- +0.24
- 3 Month
- +3.19
- YTD
- +6.43
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
| Description | Cumulative Returns (%) | Annualized Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SCYB Market Price | +0.28 | -- | -- | -- | -- | -- | -- | -- | |
| SCYB NAV | +0.33 | -- | -- | -- | -- | -- | -- | -- | |
| ICE BofA US Cash Pay High Yield Constrained Index (Index) | +0.30 | +3.39 | +7.17 | +7.06 | +1.85 | +3.15 | +4.38 | ||
| High Yield Bond (Morningstar Category) | +0.24 | +3.19 | +6.43 | -- | -- | -- | -- | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Quarterly
-
SCYB Market Price
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SCYB NAV
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
ICE BofA US Cash Pay High Yield Constrained Index (Index)
Average Annual Returns (%)
- 1 Year
- +8.88
- 3 Year
- +3.19
- 5 Year
- +3.17
- 10 Year
- +4.32
-
High Yield Bond (Morningstar Category)
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SCYB Market Price | -- | -- | -- | -- | -- | |
| SCYB NAV | -- | -- | -- | -- | -- | |
| ICE BofA US Cash Pay High Yield Constrained Index (Index) | +8.88 | +3.19 | +3.17 | +4.32 | ||
| High Yield Bond (Morningstar Category) | -- | -- | -- | -- | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
After Tax Returns
Pre-Liquidation
SCYB NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | -- | -- | -- | -- | -- | |
| SEC Post-Liquidation | -- | -- | -- | -- | -- | |
| Tax Cost Ratio | -- | -- | -- | -- | -- | |
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).
High Yield Bond NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
-
SEC Post-Liquidation
Average Annual Returns (%)
-
Tax Cost Ratio
Average Annual Returns (%)
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | ||||||
| SEC Post-Liquidation | ||||||
| Tax Cost Ratio | ||||||
Post-Liquidation
SCYB NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | -- | -- | -- | -- | -- | |
| SEC Post-Liquidation | -- | -- | -- | -- | -- | |
| Tax Cost Ratio | -- | -- | -- | -- | -- | |
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).
High Yield Bond NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
-
SEC Post-Liquidation
Average Annual Returns (%)
-
Tax Cost Ratio
Average Annual Returns (%)
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | ||||||
| SEC Post-Liquidation | ||||||
| Tax Cost Ratio | ||||||
Price Performance
Premium/Discount
-
Days traded at Premium
- ITD
- --
- 2023 Q1
- --
- 2023 Q2
- --
-
Days traded at Discount
- ITD
- --
- 2023 Q1
- --
- 2023 Q2
- --
| ITD | 2023 Q1 | 2023 Q2 | ||
|---|---|---|---|---|
| Days traded at Premium | -- | -- | -- | |
| Days traded at Discount | -- | -- | -- |
Portfolio
Top Holdings
-
GVMXX
- Name
- SSC GOVERNMENT MM GVMXX
- Percent of Assets (%)
- 1.18%
- Market Value
- $591.8K
-
F
- Name
- FORD MOTOR CREDIT COMPANY LLC
- Percent of Assets (%)
- 0.81%
- Market Value
- $406.1K
-
SFRFP
- Name
- ALTICE FRANCE SA (FRANCE)
- Percent of Assets (%)
- 0.75%
- Market Value
- $377.9K
-
CSCHLD
- Name
- CSC HOLDINGS LLC
- Percent of Assets (%)
- 0.60%
- Market Value
- $299.7K
-
CHTR
- Name
- CCO HOLDINGS LLC
- Percent of Assets (%)
- 0.57%
- Market Value
- $284.3K
-
CHTR
- Name
- CCO HOLDINGS LLC
- Percent of Assets (%)
- 0.48%
- Market Value
- $240.0K
-
CCL
- Name
- CARNIVAL CORP
- Percent of Assets (%)
- 0.47%
- Market Value
- $237.5K
-
TDG
- Name
- TRANSDIGM INC
- Percent of Assets (%)
- 0.47%
- Market Value
- $236.9K
-
EGBLFN
- Name
- EG GLOBAL FINANCE PLC
- Percent of Assets (%)
- 0.44%
- Market Value
- $222.4K
-
RAKUTN
- Name
- RAKUTEN GROUP INC
- Percent of Assets (%)
- 0.43%
- Market Value
- $215.0K
| Symbol | Name | Percent of Assets (%) | Market Value | ||
|---|---|---|---|---|---|
| GVMXX | SSC GOVERNMENT MM GVMXX | 1.18%
|
$591.8K | ||
| F | FORD MOTOR CREDIT COMPANY LLC | 0.81%
|
$406.1K | ||
| SFRFP | ALTICE FRANCE SA (FRANCE) | 0.75%
|
$377.9K | ||
| CSCHLD | CSC HOLDINGS LLC | 0.60%
|
$299.7K | ||
| CHTR | CCO HOLDINGS LLC | 0.57%
|
$284.3K | ||
| CHTR | CCO HOLDINGS LLC | 0.48%
|
$240.0K | ||
| CCL | CARNIVAL CORP | 0.47%
|
$237.5K | ||
| TDG | TRANSDIGM INC | 0.47%
|
$236.9K | ||
| EGBLFN | EG GLOBAL FINANCE PLC | 0.44%
|
$222.4K | ||
| RAKUTN | RAKUTEN GROUP INC | 0.43%
|
$215.0K |
Security Types
| Security Types | Percent of Portfolio (%) |
|---|
Credit Ratings
| Credit Ratings | Bonds (%) |
|---|
Bloomberg Index Rating: Based on the middle rating of Moody’s, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source: Bloomberg Index Service Ltd.
Asset Allocation
| Asset Class | Percent of Portfolio (%) | |
|---|---|---|
| Bonds | 98.80%
|
|
| Cash Investments | 1.20%
|
The percentage of assets as shown may not equal 100% due to unsettled trades.
Maturity Breakdown
| Maturity | Bonds (%) |
|---|
Distributions
Distributions
-
Ex-Date: 09/01/2023
- Record Date
- 09/05/2023
- Payable Date
- 09/08/2023
- Income
- 0.3500
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.350000000
| Ex-Date | Record Date | Payable Date | Income | Short Term Capital Gain | Long Term Capital Gain | Return of Capital | Total Distribution | ||
|---|---|---|---|---|---|---|---|---|---|
| 09/01/2023 | 09/05/2023 | 09/08/2023 | 0.3500 | 0.0000 | 0.0000 | -- | 0.350000000 |