Symbols

SCYB

Schwab High Yield Bond ETF·NYSE

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Key Stats

Assets Under Management

2.30BUSD

Fund Flows (1Y)

1.44BUSD

Dividend Yield

6.92%

Discount/Premium to NAV

-0.04%

Shares Outstanding

87.10M

Expense Ratio

0.03%

About Schwab High Yield Bond ETF

Issuer

Charles Schwab Investment Management, Inc.

Brand

Schwab

Home Page

https://www.schwabassetmanagement.com/products/scyb

Inception Date

Jul 11, 2023

Structure

Open-Ended Fund

Index Tracked

ICE BofA US Cash Pay High Yield Constrained Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Charles Schwab Investment Management, Inc.

Distributor

SEI Investments Distribution Co.

SCYB is an FX-G10 member-only fund, holding USD-denominated, fixed coupon-bearing corporate high-yield bonds with at least one year to maturity. The index caps each issuer at 2% but may include an unlimited number of issues. The FX-G10 countries include all Euro members, the US and United Kingdom, Canada, Australia, New Zealand, Switzerland, Norway, Sweden, and Japan. Investments may also include callable perpetual and fixed-to-floating rate securities. In addition, a fifth of the portfolio may consist of non-index constituents and highly liquid securities issued by the US government. Derivatives such as futures contracts may also be utilized to manage interest rates. The index rebalances monthly.