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Schwab U.S. TIPS ETF™ SCHP:NYSE Arca

Last Price Today's Change Today's Volume Schwab Report CardSchwab Report Card
$63.10 +0.12 (0.19%) 2,461,553 Below Avg. 
As of close 12/02/2021

Fund Performance

 

ETF Strategy

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)SM.The fund will invest at least 90% of its net assets in securities included in the index. The index includes all publicly-issued U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one year remaining to maturity, are rated investment grade and have $500 million or more of outstanding face value. The TIPS in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible.

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 close 12/02/2021
Today's Open$62.98
Previous Close$62.98
Day's Range$62.90 - $63.12
52 Week Range$60.31 - $64.15
Closing NAV 12/01/2021$62.99
Premium/Discount 12/01/2021-0.02%
Avg. Volume (10 Day)3,516,048
Put/Call Ratio (1 Day)0.4
Put/Call Ratio (30 Day)0.4
Distributions & Yields as of 10/29/2021
Next Dividend Payment$0.1386
Next Pay DateDec 7, 2021
Previous Ex-DateDec 1, 2021
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%

3.70%
Average Yield to Maturity--
SEC Yield (30 Day)2.32%*
Fund Profile as of 10/31/2021
Fund TypeExchange Traded FundTotal Assets$21.4B
Inception08/05/2010Gross Expense Ratio0.05%
Total Holdings33Net Expense Ratio0.05%
 
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.

NoPortfolio Turnover23%
 
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 Responsible Investing

Socially Responsible Investing is the umbrella term Schwab uses to encompass some of the common investment approaches that incorporate environmental and social considerations:

  • Values-based investing, which is an investment approach that excludes certain sectors or types of companies, such as tobacco, firearms, or fossil fuels companies.
  • ESG investing, which considers environmental, social, and governance factors when determining the future risk and return of investments.
  • Impact investing, which explicitly deploys investment dollars in an effort to directly achieve desired outcomes. Examples include financing loans to low-income homebuyers, funding projects to reduce air pollution at factories, and buying stock in a company in an effort to put positive shareholder initiatives on proxy ballots.

0620-0V9P

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.

1120-0XLE

No
Morningstar Category 
Inflation-protected bond portfolios primarily invest in fixed-income securities that increase coupon and/or principal payments at the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer of these types of securities. Most of these portfolios buy bonds with intermediate- to long-term maturities.
Inflation-Protected 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
as of 10/29/2021
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.
8.17 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.
7.70
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.
0.72%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.
3.89%
Quarterly Total Return as of 09/30/2021
 Annualized Returns (%)
Description1 Year5 Year10 YearInception
08/2010
SCHP Market Price+5.20+4.24+3.02+3.73
SCHP NAV+5.12+4.27+3.05+3.78
Inflation-Protected BondMorningstar Category+5.61+4.00+2.63--
Bloomberg US Treasury US TIPS TR USDIndex+5.19+4.34+3.12--
Datasource: Morningstar
All performance periods are based on closing daily prices.
View Performance
as of 12/01/2021
Holding
% Net Assets
Shares Held
Market Value
TSY INFL IX N/B
3.7%
 
766.6M$797.8M
TSY INFL IX N/B
3.6%
 
736.9M$781.4M
TSY INFL IX N/B
3.5%
 
708.1M$758.9M
TSY INFL IX N/B
3.2%
 
646.1M$703.8M
TSY INFL IX N/B
3.2%
 
654.4M$689.6M
TSY INFL IX N/B
3.2%
 
641.9M$687.1M
TSY INFL IX N/B
3.0%
 
607.4M$652.9M
TSY INFL IX N/B
2.9%
 
561.5M$628.4M
TSY INFL IX N/B
2.8%
 
550.7M$611.2M
TSY INFL IX N/B
2.8%
 
551.1M$607.2M
View All Holdings

Investment Style & Rating

Morningstar Investment Style

High
MidCredit Quality
Low
LtdModExt
Interest-Rate Sensitivity
Inflation-Protected Bond
Inflation-protected bond portfolios primarily invest in fixed-income securities that increase coupon and/or principal payments at the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer of these types of securities. Most of these portfolios buy bonds with intermediate- to long-term maturities.

Morningstar Rating Rating as of 10/31/21

Overall Rating
Out of 202 Funds
3 Year Rating
Out of 202 Funds
5 Year Rating
Out of 177 Funds
10 Year Rating
Out of 124 Funds
Historic Return
Above 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.

Schwab's Financial and Other Relationships with Mutual Funds

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.

The fund's yields, including the SEC Yield, are adjusted monthly based on changes in the rate of inflation and these changes can cause the yield to vary substantially from month to month. Exceptionally high yield is attributable to the rise in inflation rate and might not be repeated. Exceptionally low or negative yield is attributable to the fall in inflation rate and might not be repeated.

Conditions Apply: Trades in ETFs which are U.S. exchange-listed are available without commissions when placed 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 processing fee applies to sell transactions. 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. 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.

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

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