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Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab U.S. Aggregate Bond ETF

SCHZ | ETF

$22.89

$7.46 B

4.23%

$0.97

0.03%

Vitals

YTD Return

1.4%

1 yr return

6.4%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-0.3%

Net Assets

$7.46 B

Holdings in Top 10

5.6%

52 WEEK LOW AND HIGH

$22.9
$22.89
$47.87

Expenses

OPERATING FEES

Expense Ratio 0.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 48.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab U.S. Aggregate Bond ETF

SCHZ | ETF

$22.89

$7.46 B

4.23%

$0.97

0.03%

SCHZ - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Schwab U.S. Aggregate Bond ETF
  • Fund Family Name
    SCHFLFSETF
  • Inception Date
    Jul 14, 2011
  • Shares Outstanding
    158500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Hung

Fund Description

To pursue its goal, the fund generally invests in securities that are included in the Bloomberg US Aggregate Bond Index†. The index
is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States. To be eligible for inclusion in the index, securities must be fixed-rate, non-convertible, U.S. dollar denominated and have one or more years remaining to maturity. The index excludes certain types of securities, including, bonds with equity type features (e.g., warrants, convertibles and preferreds), tax-exempt municipal securities, inflation-linked bonds, floating-rate issues, strips, private placements, U.S. dollar-denominated 25 and 50 par retail bonds, structured notes and pass-through certificates. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month. As of December 31, 2023, there were approximately 13,380 securities in the index.
It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index, including TBA transactions, as defined below. The fund will notify its shareholders at least 60 days before changing this policy.
Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in its index. The principal types of these investments include those that the investment adviser believes will help the fund track the index, such as investments in (a) securities that are not represented in the index but the investment adviser anticipates will be added to the index; (b) high-quality liquid investments, such as securities issued by the U.S. government, its agencies or instrumentalities, including obligations that are not guaranteed by the U.S. Treasury, and obligations that are issued by private issuers; (c) other investment companies; and (d) derivatives, principally futures contracts. The fund may use futures contracts and other derivatives primarily to help manage interest rate exposure. The fund may also invest in cash and cash equivalents, including money market funds, and lend its securities to minimize the difference in performance that naturally exists between an index fund and its corresponding index.
Because it is not possible or practical to purchase all of the securities in the index, the fund’s investment adviser will seek to track the total return of the index by using sampling techniques. Sampling techniques involve investing in a limited number of index securities that, when taken together, are expected to perform similarly to the index as a whole. These techniques are based on a
†
Index ownership – Bloomberg® and Bloomberg US Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (BISL), the administrator of the indices (collectively, Bloomberg). Bloomberg is not affiliated with Charles Schwab Investment Management, Inc., and Bloomberg does not approve, endorse, review, or recommend Schwab U.S. Aggregate Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Schwab U.S. Aggregate Bond ETF.
​
variety of factors, including interest rate and yield curve risk, maturity exposures, industry, sector and issuer weights, credit quality, and other risk factors and characteristics. The fund expects that its portfolio will hold less than the total number of securities in the index, but reserves the right to hold as many securities as it believes necessary to achieve the fund’s investment objective. The fund may sell securities that are represented in the index in anticipation of their removal from the index. The fund generally expects that its weighted average duration will closely correspond to the weighted average duration of the index, which as of December 31, 2023, was 6.20 years.
As of December 31, 2023, approximately 26.62% of the bonds represented in the index were U.S. fixed-rate agency mortgage pass-through securities. U.S. fixed-rate agency mortgage pass-through securities are securities issued by entities such as the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) that are backed by pools of mortgages. Most transactions in fixed-rate mortgage pass-through securities occur through standardized contracts for future delivery in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement, and are often referred to as “to-be-announced transactions” or “TBA transactions.” In a TBA transaction, the buyer and seller agree upon general trade parameters such as agency, settlement date, par amount and price. The actual pools delivered generally are determined two days prior to settlement date; however, it is not anticipated that the fund will receive the pools, but will instead participate in rolling TBA transactions. The fund anticipates that it may enter into such contracts on a regular basis. This may result in a significantly higher portfolio turnover for the fund than a typical index fund. The fund, pending settlement of such contracts, will invest its assets in high-quality liquid short-term instruments, including Treasury securities and shares of money market mutual funds. The fund will assume its pro rata share of the fees and expenses of any money market fund that it may invest in, in addition to the fund’s own fees and expenses.
The fund will concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry, group of industries or sector to approximately the same extent that its index is so concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
The investment adviser seeks to achieve, over time, a correlation between the fund’s performance and that of its index, before fees and expenses, of 95% or better. However, there can be no guarantee that the fund will achieve a high degree of correlation with the index. A number of factors may affect the fund’s ability to achieve a high correlation with its index, including the degree to which the fund uses a sampling technique (or otherwise gives a different weighting to a security than the index does). The correlation between the performance of the fund and its index may also diverge due to transaction costs, asset valuations, timing variances, and differences between the fund’s portfolio and the index resulting from legal restrictions (such as diversification requirements) that apply to the fund but not to the index.
Read More

SCHZ - Performance

Return Ranking - Trailing

Period SCHZ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -5.9% 11.1% 73.72%
1 Yr 6.4% -1.8% 16.4% 79.57%
3 Yr -2.2%* -10.0% 27.8% 46.07%
5 Yr -0.3%* -7.5% 58.5% 66.29%
10 Yr 1.4%* -2.9% 73.8% 55.89%

* Annualized

Return Ranking - Calendar

Period SCHZ Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -16.2% 8.1% 49.28%
2022 -15.3% -34.7% 131.9% 29.26%
2021 -3.8% -11.6% 4.4% 69.53%
2020 4.9% -10.1% 946.1% 34.81%
2019 5.6% -1.7% 16.9% 51.01%

Total Return Ranking - Trailing

Period SCHZ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -5.9% 11.1% 73.72%
1 Yr 6.4% -1.8% 16.4% 79.57%
3 Yr -2.2%* -10.0% 27.8% 46.07%
5 Yr -0.3%* -7.5% 58.5% 66.29%
10 Yr 1.4%* -2.9% 73.8% 55.89%

* Annualized

Total Return Ranking - Calendar

Period SCHZ Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -11.3% 11.9% 66.56%
2022 -13.2% -32.2% 131.9% 36.63%
2021 -1.7% -9.4% 9.2% 77.56%
2020 7.5% -1.9% 1009.0% 71.56%
2019 8.6% 1.1% 21668.0% 55.99%

SCHZ - Holdings

Concentration Analysis

SCHZ Category Low Category High SCHZ % Rank
Net Assets 7.46 B 2.9 M 314 B 21.85%
Number of Holdings 10375 1 17787 1.03%
Net Assets in Top 10 429 M 1.62 M 35.1 B 49.95%
Weighting of Top 10 5.59% 4.4% 432.9% 99.17%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 1.92%
  2. U.S. Treasury Notes 0.51%
  3. U.S. Treasury Notes 0.50%
  4. U.S. Treasury Notes 0.46%
  5. U.S. Treasury Notes 0.39%
  6. Uniform Mortgage-Backed Security, TBA 0.39%
  7. U.S. Treasury Notes 0.37%
  8. U.S. Treasury Notes 0.37%
  9. U.S. Treasury Notes 0.34%
  10. U.S. Treasury Notes 0.34%

Asset Allocation

Weighting Return Low Return High SCHZ % Rank
Bonds 		98.74% 0.00% 993.61% 30.87%
Cash 		2.00% -54.51% 237.69% 57.14%
Convertible Bonds 		1.00% 0.00% 7.93% 68.01%
Other 		0.03% -16.55% 52.94% 79.45%
Stocks 		0.00% 0.00% 99.99% 99.90%
Preferred Stocks 		0.00% 0.00% 71.02% 99.79%

Bond Sector Breakdown

Weighting Return Low Return High SCHZ % Rank
Government 		44.35% 0.00% 86.23% 7.35%
Securitized 		29.49% 0.00% 98.40% 50.21%
Corporate 		24.14% 0.00% 100.00% 72.05%
Cash & Equivalents 		2.00% -0.46% 237.69% 54.68%
Municipal 		0.64% 0.00% 100.00% 36.13%
Derivative 		0.00% -1.58% 44.82% 76.57%

Bond Geographic Breakdown

Weighting Return Low Return High SCHZ % Rank
US 		98.74% 0.00% 993.61% 27.03%
Non US 		0.00% 0.00% 30.95% 99.79%

SCHZ - Expenses

Operational Fees

SCHZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.03% 0.01% 39.64% 99.59%
Management Fee 0.03% 0.00% 1.76% 2.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

SCHZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SCHZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SCHZ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 2.00% 493.39% 17.51%

SCHZ - Distributions

Dividend Yield Analysis

SCHZ Category Low Category High SCHZ % Rank
Dividend Yield 4.23% 0.00% 10.11% 60.72%

Dividend Distribution Analysis

SCHZ Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

SCHZ Category Low Category High SCHZ % Rank
Net Income Ratio 1.76% -1.28% 4.79% 46.26%

Capital Gain Distribution Analysis

SCHZ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

SCHZ - Fund Manager Analysis

Managers

Steven Hung

Start Date

Tenure

Tenure Rank

Jul 14, 2011

10.89

10.9%

Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab 1-5 Year Corporate Bond ETF, the Schwab 5-10 Year Corporate Bond ETF and the Schwab U.S. Aggregate Bond ETF. His primary focus is on corporate bonds. Prior to joining CSIM in 1999, Mr. Hung was an associate in Schwab’s management training program for nine months. In that role, he worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange.

Alfonso Portillo

Start Date

Tenure

Tenure Rank

Jul 14, 2011

10.89

10.9%

Alfonso Portillo, Jr., Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of each of the funds. His primary focus is securitized products. Prior to joining CSIM in 2007, Mr. Portillo worked for ten years at Pacific Investment Management Company, most recently as a vice president and member of the mortgage- and asset-backed portfolio management team. He has worked in fixed-income asset management since 1996.

Matthew Hastings

Start Date

Tenure

Tenure Rank

Jul 14, 2011

10.89

10.9%

Matthew Hastings, CFA, Vice President and Head of Taxable Bond Strategies, leads the portfolio management team for Schwab’s taxable bond funds and the Schwab Fixed Income ETFs. He also has overall responsibility for all aspects of the management of the funds. Prior to joining Charles Schwab Investment Management in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman Brothers. He has worked in the fixed-income securities industry since 1996. Hastings holds the Chartered Financial Analyst designation.

Mark McKissick

Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

Mark McKissick, CFA, is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab's Taxable Bond Funds. His primary focus is on government securities. Prior to joining CSIM in 2016, Mr. McKissick worked at Denver Investments for 17 years, most recently as a Director of Fixed Income and Portfolio Manager where he co-managed multiple bond strategies, as well as oversaw the firm's fixed income business including the investment process, client service, reporting, marketing and communication, personnel and compliance. He also served as a Credit/Security Analyst from 1999-2005. Prior to that, he worked as a Senior Research Analyst with Hotchkis & Wiley, a Portfolio Manager at Payden & Rygel, and a Vice President-Fixed Income at Salomon Brothers. Mr. McKissick earned a Bachelor of Science in Accounting and a Bachelor of Arts in Economics from Oklahoma State University, and a Master of Business Administration with an emphasis in Finance and International Business from the University of Chicago. He is a CFA(r) charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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