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Schwab U.S. Aggregate Bond ETF™ SCHZ:NYSE Arca

Last Price Today's Change Today's Volume Schwab Report CardSchwab Report Card
$52.529 +0.009 (0.02%) 33,824 Below Avg. 
As of 10:24 am ET 08/18/2017

Fund Performance

 

ETF Strategy

The ETF seeks investment results that track, as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays Capital U.S. Aggregate Bond IndexSM.

Additional Information
Additional Information

Premium/Discount Chart: ETFs trade intra-day on an exchange like stocks during normal market hours. While the market price of an ETF generally tracks close to the net value (NAV) of the portfolio's underlying holdings, it can deviate and trade at either a premium or a discount to NAV. ETFs will trade at a premium when demand exceeds supply and conversely trade at a discount when supply exceeds demand. The Premium or Discount is the percentage difference between an ETF's current market price and the NAV.

Holdings: ETFs offer investors an interest in a portfolio of securities and other underlying assets and are therefore quite similar to mutual funds. One unique ETF feature is transparency, allowing investors to see the underlying portfolio securities on a daily basis.

:
Details as of 10:24 am ET 08/18/2017
Today's Open$52.5463
Previous Close$52.52
Day's Range$52.529 - $52.56
52 Week Range$51.10 - $53.82
Closing NAV 08/17/2017$52.45
Premium/Discount 08/17/20170.13%
Avg. Volume (10 Day)316,536
Put/Call Ratio (1 Day)--
Put/Call Ratio (30 Day)--
Distributions & Yields as of 07/31/2017
Previous Dividend Payment$0.0973
Previous Pay DateAug 7, 2017
Previous Ex-DateAug 1, 2017
Distribution Yield TTM  
Distribution Yield is the Trailing 12-Month End Yield - Morningstar computes this figure by summing the trailing 12-month's income distributions and dividing the sum by the last month's ending Net Asst Value (NAV), plus capital gains distributed over the same time period. Income refers only to interest payments from fixed-income securities and dividend payments from common stocks.

Calculated at month end:
Income

(NAV + Capital Gains)

x 100%

2.34%
Average Yield to Maturity2.64%
SEC Yield (30 Day)2.31%
Fund Profile as of 07/31/2017
Fund TypeExchange Traded FundTotal Assets$4.0B
Inception07/14/2011Gross Expense Ratio0.04%
Total Holdings3263Net Expense Ratio0.04%
 
Leveraged Exchange Traded Products

Leveraged ETPs (exchange-traded products) typically use derivatives to attempt to multiply the returns of the underlying index each day. These securities trade much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these securities are generally designed for daily use only, and are generally not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s multiple of the underlying index over those periods. These funds are not appropriate for most investors.


Leveraged Closed-end Funds

Funds that borrow money to purchase more assets in this way will generally move up more than the market when the market rises and move down farther than the market when the market falls. Bond funds that use leverage have the potential to increase the amount of income that they pay out, but at the cost of larger drops in value during a falling market. Leverage inherently increases the level of risk in a portfolio.

100.0%Portfolio Turnover119%
 
For ETFs, this refers to the number of times the fund is long or short the index to explain its leverage factor. For example,
-300 means that the ETF is short 3 times the index.
--Socially ConsciousNo
Fund CompanySchwab ETFsActively ManagedNo
Morningstar Category 
Intermediate-term bond funds have average durations that are greater than 3.5 years and less than six years. Most of the funds rotate among a variety of sectors in the bond market, based upon which appear to offer better values. Whatever types of bonds they hold, these funds are less sensitive to interest rates, and therefore less volatile, than funds that have longer durations.
Intermediate-Term Bond
as of 07/31/2017
Weighted Average Maturity 
Average effective maturity is a weighted average of all the maturities of the bonds in a portfolio, computed by weighting each bond's effective maturity by the market value of the security. Average effective maturity takes into consideration all mortgage prepayments, puts, and adjustable coupons. Longer-maturity funds are generally considered more interest-rate sensitive than their shorter counterparts. We list Average Effective Maturity for Taxable Fixed-Income and Hybrid funds and Average Nominal Maturity for Municipal Bond Funds.
8.00 YrEffective Duration 
A measure of a fund's interest-rate sensitivity--the longer a fund's duration, the more sensitive the fund is to shifts in interest rates. Duration is determined by a formula that includes coupon rates and bond maturities. Small coupons tend to increase duration, while shorter maturities and higher coupons shorten duration. The relationship between funds with different durations is straightforward: A fund with a duration of 10 years is twice as volatile as a fund with a five-year duration.
5.81
Weighted Average Coupon 
This figure is calculated by weighting each bond's coupon by its relative size in the portfolio. It indicates whether the underlying fund owns more high- or low-coupon bonds. There can be advantages to holding higher coupon bonds, but many funds buy them simply to tempt investors with a high payout. This can be damaging to investors for two reasons. The first is that higher-coupon bonds often carry greater risk than lower-coupon issues. The second is that when these bonds don't carry extra risk, they are old issues that the fund has paid up for and if the offering doesn't amortize the extra yield, investors are likely to find that their principal erodes over time.
3.11%Standard Deviation (3Yr) 
A statistical measurement of dispersion about an average, which, for a mutual fund, depicts how widely the returns varied over a certain period of time. Investors use the standard deviation of historical performance to try to predict the range of returns that are most likely for a given fund. When a fund has a high standard deviation, the predicted range of performance is wide, implying greater volatility. Standard deviation is most appropriate for measuring risk if it is for a fund that is an investor's only holding. The figure can not be combined for more than one fund because the standard deviation for a portfolio of multiple funds is a function of not only the individual standard deviations, but also of the degree of correlation among the funds' returns. If a fund's returns follow a normal distribution, then approximately 68 percent of the time they will fall within one standard deviation of the mean return for the fund, and 95 percent of the time within two standard deviations. Morningstar computes standard deviation using the trailing monthly total returns for the appropriate time period. All of the monthly standard deviations are then annualized.
2.92%
Quarterly Total Return as of 06/30/2017
 Annualized Returns (%)
Description1 Year5 Year10 YearInception
07/2011
SCHZ Market Price-0.48+2.08--+2.81
SCHZ NAV-0.46+2.12--+2.78
Intermediate-Term BondMorningstar Category+0.94+2.45----
BBgBarc US Agg Bond TR USDIndex-0.31+2.21----
Datasource: Morningstar
All performance periods are based on closing daily prices.
View Performance
as of 08/08/2017
Holding
% Net Assets
Shares Held
Market Value
SSC GOVERNMENT MM GVMXX
0.6%
 
23.9M$23.9M
US TREASURY N/B
0.6%
 
23.0M$22.8M
FHLMC TBA 30 YR 3.5
0.5%
 
20.5M$21.1M
US TREASURY N/B
0.4%
 
17.5M$17.6M
GNMA II POOL MA3803
0.4%
 
16.5M$17.2M
FHLMC TBA30 YR 4
0.4%
 
16.0M$16.9M
US TREASURY N/B
0.4%
 
15.3M$15.5M
US TREASURY N/B
0.4%
 
15.0M$15.1M
US TREASURY N/B
0.4%
 
14.9M$15.1M
FNMA POOL AS8579
0.4%
 
14.8M$14.9M
View All Holdings

Investment Style & Rating

Morningstar Investment Style

High
MidCredit Quality
Low
LtdModExt
Interest-Rate Sensitivity
Intermediate-Term Bond
Intermediate-term bond funds have average durations that are greater than 3.5 years and less than six years. Most of the funds rotate among a variety of sectors in the bond market, based upon which appear to offer better values. Whatever types of bonds they hold, these funds are less sensitive to interest rates, and therefore less volatile, than funds that have longer durations.

Morningstar Rating Rating as of 07/31/17

Overall Rating
Out of 854 Funds
3 Year Rating
Out of 854 Funds
5 Year Rating
Out of 766 Funds

10 Year Rating is not available for SCHZ

Historic Return
Average
Historic Risk
Average

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weighted average of the fund's 3, 5 and 10 year (Morningstar Rating) metrics.

 
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Data source identification

Quotes are delayed by at least 15 minutes. Before trading, please check a real-time quote for current information.

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. Performance data current to the most recent month end may be obtained by viewing the Performance tab.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Market returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times.

Index returns and sector returns are for illustrative purposes only and do not represent actual Fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged. You cannot invest directly in an index.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 1-800-435-4000. Please read the prospectus carefully before investing.

Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see pricing guide for additional information.

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. Unlike mutual funds, 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).

Fixed income securities are subject to increased loss of principal during periods of rising interest rates.

An investment in the fund(s) is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Government backing applies only to the government-issued bonds that make up the fund, not the fund itself. TIPS generally have lower yields than conventional fixed rate bonds and will likely decline in price during periods of deflation, which could result in losses.

Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with The Charles Schwab Corporation or any of its affiliates.

“Bloomberg” is a trademark and service mark of Bloomberg Finance L.P. “Barclays” is a trademark and service mark of Barclays Bank PLC (“Barclays”) used under license. Bloomberg Finance L.P. and its affiliates (“Bloomberg”) or Bloomberg's licensors own all proprietary rights in the Bloomberg Barclays indices which have been licensed for use in connection with the listing and trading of the fund. The fund is not sponsored by, endorsed by, sold or promoted by Bloomberg or Barclays and neither Bloomberg nor Barclays makes any representation regarding the advisability of investing in such fund, 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.
Neither SIDCO nor CSIM, nor any of their affiliates, are affiliated with the companies listed above.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and S&P Capital IQ. GICS is a service mark of MSCI and S&P Capital IQ and has been licensed for use by Schwab.

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