SCYB

Schwab High Yield Bond ETF

$26.33

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Schwab High Yield Bond ETF seeks to provide a high level of current income by investing primarily in a diversified portfolio of high-yield, below investment-grade corporate bonds.

Overview

ETF tracking Schwab High Yield Bond ETF

Category Fixed Income

Issuer Charles Schwab

Inception Date 2023-07-11

Market Cap $1.6B

Average Volume N/A

Dividend Yield 5.91%

52-Week Range $24.95 - $26.75

VWAP $26.35

Performance

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Investment Summary

📎 Investment Objective

The Schwab High Yield Bond ETF seeks to provide a high level of current income by investing primarily in a diversified portfolio of high-yield, below investment-grade corporate bonds.

🎯 Investment Strategy

The ETF tracks the Bloomberg US High Yield Very Liquid Index, which measures the performance of the most liquid high-yield corporate bonds. The fund invests in a broad range of high-yield bonds to provide exposure to the overall high-yield bond market.

✨ Key Features

Broad exposure to the high-yield corporate bond market
Emphasis on the most liquid high-yield bonds for improved trading efficiency
Low expense ratio of 0.00%
Potential for higher income compared to investment-grade bonds

⚠️ Primary Risks

High-yield bonds are subject to greater credit and default risk than investment-grade bonds
Increased interest rate risk as high-yield bonds are more sensitive to changes in interest rates
Liquidity risk as high-yield bonds may be less liquid than investment-grade bonds
Potential for higher volatility compared to investment-grade bond funds

👤 Best For

The Schwab High Yield Bond ETF may be suitable for investors seeking higher income potential and willing to accept the increased risk and volatility associated with high-yield corporate bonds. It is generally recommended as a component of a diversified fixed-income portfolio.