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Schwab Short-Term U.S. Treasury ETF™ SCHO:NYSE Arca

Last Price Today's Change Today's Volume Schwab Report CardSchwab Report Card
$24.16 +0.02 (0.08%) 2,221,424 Below Avg. 
As of close 02/14/2025

Fund Performance

 

Fund Strategy

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg US Treasury 1-3 Year Index. The fund will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. The index includes all publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to one year and less than three years, are rated investment grade, and have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible.

Additional Information
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 02/14/2025
Today's Open$24.17
Previous Close$24.14
Day's Range$24.16 - $24.18
52 Week Range$23.85 - $24.535
Closing NAV 02/13/2025$24.13
Premium/Discount 02/13/20250.04%
Avg. Volume (10 Day)2,472,658
Put/Call Ratio (1 Day)--
Put/Call Ratio (30 Day)0.8
Distributions & Yields as of 01/31/2025
Previous Dividend Payment$0.0964
Previous Pay DateFeb 7, 2025
Previous Ex-DateFeb 3, 2025
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%

4.26%
Average Yield to Maturity4.26%
SEC Yield (30 Day)4.28%
Fund Profile as of 01/31/2025
Fund TypeExchange Traded FundTotal Assets$11.4B
Inception08/05/2010Gross Expense Ratio0.03%
Total Holdings98Net Expense Ratio0.03%
 
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 products invest their portfolios 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 risk in a portfolio.

0824-U08J

NoPortfolio Turnover81%
 
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 Fund

Environmental, 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.

0824-U08J

No
Fund CompanySchwab ETFsActive Semi-transparent 
Active Semi-transparent ETFs

Active 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.

0824-U08J

No
Morningstar Category 
Short-government portfolios have at least 90% of their bond holdings in bonds backed by the U.S. government or by government-linked agencies. This backing minimizes the credit risk of these portfolios, as the U.S. government is unlikely to default on its debt. These portfolios have durations typically between 1.0 and 3.5 years, so they have relatively less sensitivity to interest rates and, thus, low risk potential. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Short is defined as 25% to 75% of the three-year average effective duration of the MCBI.
Short Government 
Buffer ETFs

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.

0824-U08J

No
 
Inverse ETP

Inverse 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 products invest their portfolios 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.

0824-U08J

No  
as of 01/31/2025
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.
1.96 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.
1.86
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.
2.89%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.
2.41%
Quarterly Total Return as of 12/31/2024
 Annualized Returns (%)
Description1 Year5 Year10 YearInception
08/2010
SCHO Market Price+3.65+1.26+1.28+1.08
SCHO NAV+4.00+1.32+1.32+1.10
Short GovernmentMorningstar Category+4.03+1.03+1.17--
Bloomberg US Treasury 1-3 Yr TR USDIndex+4.03+1.36+1.38--
Datasource: Morningstar
All performance periods are based on closing daily prices.
View Performance

Top 10 Holdings as of 01/31/2025

Holding
Maturity Date
% of Net Assets
United States Treasury Notes 1.5%01/31/2027
  • 1.7%
United States Treasury Notes 4.875%05/31/2026
  • 1.6%
United States Treasury Notes 4.875%04/30/2026
  • 1.6%
United States Treasury Notes 4.625%06/30/2026
  • 1.6%
United States Treasury Notes 4.375%07/31/2026
  • 1.6%
United States Treasury Notes 4.25%12/31/2026
  • 1.6%
United States Treasury Notes 4.25%11/30/2026
  • 1.6%
United States Treasury Notes 4.125%10/31/2026
  • 1.6%
United States Treasury Notes 3.75%08/31/2026
  • 1.6%
United States Treasury Notes 3.5%09/30/2026
  • 1.6%
% of portfolio in top 10 holdings: 16.19%
View Portfolio, View All Holdings

Investment Style & Rating

Morningstar Investment Style

High
MidCredit Quality
Low
LtdModExt
Interest-Rate Sensitivity
Short Government
Short-government portfolios have at least 90% of their bond holdings in bonds backed by the U.S. government or by government-linked agencies. This backing minimizes the credit risk of these portfolios, as the U.S. government is unlikely to default on its debt. These portfolios have durations typically between 1.0 and 3.5 years, so they have relatively less sensitivity to interest rates and, thus, low risk potential. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Short is defined as 25% to 75% of the three-year average effective duration of the MCBI.

Morningstar Rating Rating as of 01/31/25

Overall Rating
Out of 90 Funds
3 Year Rating
Out of 90 Funds
5 Year Rating
Out of 87 Funds
10 Year Rating
Out of 78 Funds
Historic Return
Above Average
Historic Risk
Below 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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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.

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  • 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).
  • Market Price is the price at which investors buy and sell ETF shares in the stock market. ETF Market Price determines investor returns. An ETF’s Market Price may be higher or lower than the NAV at any given point in time. Market price returns are based upon the Official Closing Price of the primary listing exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times.
  • NAV (Net Asset Value) is a per share valuation of the securities in an ETF officially calculated once per day. NAV price performance is primarily used to evaluate the fund and its managers and may not reflect the actual return for the investor.
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  • Data Source Identification
  • Schwab's Financial and Other Relationships with certain ETFs
  • Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
(1024-43GF, 1124-U2CM)