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Schwab 5-10 Year Corporate Bond ETF SCHI:NYSE Arca
| Last Price | Today's Change | Today's Volume |  |  | |||
|---|---|---|---|---|---|---|---|
| $44.73 | +0.20 (0.45%) | 325,493 Below Avg. | |||||
| As of close 07/26/2024 | |||||||
Fund Performance
Fund Strategy
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg US 5-10 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to five years and less than ten years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.
Additional Information
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 close 07/26/2024 | |
|---|---|
| Today's Open | $44.81 |
| Previous Close | $44.53 |
| Day's Range | $44.645 - $44.81 |
| 52 Week Range | $40.94 - $45.19 |
| Closing NAV 07/25/2024 | $44.52 |
|---|---|
| Premium/Discount 07/25/2024 | 0.02% |
| Avg. Volume (10 Day) | 401,103 |
| Put/Call Ratio (1 Day) | -- |
| Put/Call Ratio (30 Day) | -- |
| Fund Profile as of 06/30/2024 | |||
| Fund Type | Exchange Traded Fund | Total Assets | $6.6B |
|---|---|---|---|
| Inception | 10/09/2019 | Gross Expense Ratio | 0.03% |
| Total Holdings | 2192 | Net Expense Ratio | 0.03% |
Leveraged Exchange Traded ProductsLeveraged 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 FundsFunds 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. | No | Portfolio Turnover | 24% |
| 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. | -- | ESG FundEnvironmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab. 0222-22DC | No |
| Fund Company | Schwab ETFs | Active Semi-transparent Active Semi-transparent ETFsActive semi-transparent ETFs reveal full portfolio holdings only on a monthly or quarterly basis, not daily like traditional ETFs. There are different degrees of transparency as some firms will not disclose any daily holdings and others will reveal holdings daily, but shield certain positions and weights. Certain active semi-transparent ETFs may not be available for purchase or custody at Schwab. 1120-0XLE | No |
| Morningstar Category Corporate bond portfolios concentrate on investment-grade bonds issued by corporations in U.S. dollars, which tend to have more credit risk than government or agency-backed bonds. These portfolios hold more than 65% of their assets in corporate debt, less than 40% of their assets in non-U.S. debt, less than 35% in below-investment-grade debt, and durations that typically range between 75% and 150% of the three-year average of the effective duration of the Morningstar Core Bond Index. | Corporate Bond | Buffer ETFs provide investors with the opportunity to participate in the upside of an asset’s risk while giving investors some level of downside protection during a stated outcome period (typically one year). An upside return cap represents the maximum percentage of return an investor can achieve, and an investor will not participate in any excess returns above the cap. Buffer ETFs may limit an investor’s losses up to an ETF’s stated buffer limit; however, in the event of a decline in the underlying investments in excess of the buffer limit, the investor can experience those losses. Return cap and downside buffer levels for a Buffer ETF are established at the beginning of each outcome period and will likely differ from the prior outcome period. Buffer ETFs invest primarily in FLexible EXchange (“FLEX”) options to employ a structured or defined outcome strategy. 0721-13DB | No |
InverseInverse ETPs (exchange-traded products) typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These securities trade much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these securities are designed for daily use only, and are not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors. | No | ||
| Annualized Returns (%) | |||||
|---|---|---|---|---|---|
| Description | 1 Year | 5 Year | 10 Year | Inception 10/2019 | |
| SCHI Market Price | +5.38 | -- | -- | +0.45 | |
| SCHI NAV | +5.66 | -- | -- | +0.40 | |
| Corporate BondMorningstar Category | +5.09 | -- | -- | -- | |
| Bloomberg US Credit Corp 5-10 Yr TR USDIndex | +5.72 | -- | -- | -- | |
Datasource: Morningstar All performance periods are based on closing daily prices. | |||||
| View Performance | |||||
Top 10 Holdings as of 06/29/2024
Holding | Maturity Date | % of Net Assets | |||
|---|---|---|---|---|---|
| T-Mobile USA, Inc. 3.875% | 04/15/2030 |
| |||
| AbbVie Inc. 3.2% | 11/21/2029 |
| |||
| Bank of America Corp. 5.468% | 01/23/2035 |
| |||
| Bank of America Corp. 5.288% | 04/25/2034 |
| |||
| Bank of America Corp. 5.015% | 07/22/2033 |
| |||
| Pfizer Investment Enterprises Pte Ltd. 4.75% | 05/19/2033 |
| |||
| JPMorgan Chase & Co. 5.35% | 06/01/2034 |
| |||
| JPMorgan Chase & Co. 4.912% | 07/25/2033 |
| |||
| WarnerMedia Holdings Inc. 4.279% | 03/15/2032 |
| |||
| The Boeing Company 5.15% | 05/01/2030 |
| |||
| % of portfolio in top 10 holdings: 2.60% | |||||
| View Portfolio, View All Holdings | |||||
Investment Style & Rating
Morningstar Investment Style
| High | ||||
| Mid | Credit Quality | |||
| Low | ||||
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Morningstar Rating
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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Exchange traded funds have gained the favor of investors because of their low expense ratios, tax efficiency, diversification, trading flexibility and liquidity. They offer a lower relative cost alternative to other vehicles such as stocks and many mutual funds.
Where are ETFs traded?
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Do ETFs come with a prospectus?
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.
ETFs at Charles Schwab & Co., Inc. ("Schwab") which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a Schwab account. Unlisted ETFs are subject to a commission. Trade orders placed through a broker will receive the negotiated broker-assisted rate. An exchange process fee applies to sell transactions. All ETFs are subject to management fees and expenses. Please see the Charles Schwab Pricing Guide for additional information. Schwab's affiliate Charles Schwab Investment Management, Inc., dba Schwab Asset Management, serves as the investment adviser to the Schwab ETFs, which compensates Schwab Asset Management out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.
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.
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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. Morningstar Ratings do not take into account sales loads that may apply to certain third party funds. The Overall Morningstar Ratings are derived from a weighted average of the risk adjusted performance figures associated with a Fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
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