Schwab 5-10 Year Corporate Bond ETF

SCHI

Market cap $9.14B

Overview Fund Activity

23.15 USD

-0.04

0.17%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

23.23

+0.08

0.35%

1 day

-0.17%

5 days

0.17%

1 month

1.58%

3 months

2.93%

6 months

4.14%

Year to date

4.85%

1 year

0.48%

5 years

-12.64%

10 years

-7.1%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

61% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 28

12% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 68

7% more capital invested

Capital invested by funds: $912M [Q1] → $978M (+$65.6M) [Q2]

6% more funds holding

Funds holding: 210 [Q1] → 223 (+13) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 10 [Q1] → 10 (+0) [Q2]

0.13% less ownership

Funds ownership: 11.36% [Q1] → 11.24% (-0.13%) [Q2]

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Financial journalist opinion

SCHI: Intermediate Corporate Bond Outlook

SCHI offers diversified exposure to US investment-grade corporate bonds with 5-10 year maturities, low expenses, and moderate interest rate sensitivity. The ETF uses a resampling strategy to minimize tracking error and transaction costs, maintaining a portfolio of over 2,200 bonds and a 21% turnover rate. Macro indicators like the butterfly heatmap and z-score suggest the current opportunity for tactical gains from curve or spread movements is limited.

SCHI: Intermediate Corporate Bond Outlook

What's Going On With Treasury Rates?

We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recession in the hard data. The tariff pause offers the possibility to avoid worst-case economic scenarios before the damage is crystalized. We believe technical factors will continue to drive market dislocations in spreads and sectors, and that active managers can navigate this more effectively.

What's Going On With Treasury Rates?

SCHI: Imminent Middle East Issues Could Derail Cutting Hopes

The Schwab 5-10 Year Corporate Bond ETF has low expense ratios and focuses on industrial and financial bonds with above junk ratings. Oil prices and Middle East tensions are critical factors influencing rate cuts and inflation, impacting the ETF's performance through duration effects. While supply cut phaseouts mean downside for oil, we're somewhat concerned about the imminent dangers in the Middle East and the issues that could spring up around oil supply chains.

SCHI: Imminent Middle East Issues Could Derail Cutting Hopes

Schwab Asset Management Announces ETF Share Splits

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder's investment. The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, payable after the.

Schwab Asset Management Announces ETF Share Splits

SCHI: Corporate Bonds Could Still Avoid Credit Risk (But Not For Long)

Schwab 5-10 Year Corporate Bond ETF is a passively managed fund that tracks the Bloomberg US 5-10 Year Corporate Bond Index. SCHI has a low expense ratio of 0.03% and its ETF wrapper provides a tax advantage for taxable-account holders. The fund offers high diversification and exposure to industrials and financials sectors, but carries more credit risk than government bonds.

Zacks Investment Research

Time to Invest in Corporate Bond ETFs

A record amount of money has flooded into the U.S. corporate bond markets this year, as investors rush to lock in the highest yields years ahead of the Fed rate cuts.

SCHI: Taking Issue With Credit Spreads

Schwab 5-10 Year Corporate Bond ETF is a high duration ETF focused on high-grade corporate credit. The portfolio is mostly comprised of industrials and financials, with half of the bonds rated BBB and the other half rated A. The maturity walls in 2024 and 2025 may impact corporate income and credit spreads which could dampen the rate cutting plans of the Fed, as credit spreads are historically low.

The Credit Opportunity In M&A

M&A was almost dormant in 2023. In the US, as a proportion of the market value of the benchmark equity indices, it fell to its lowest level in 20 years, according to McKinsey. Credit investors are not traditionally supposed to be fans of M&A, and it's true we are wary of leveraging M&A, where debt is loaded onto balance sheets to buy competitors. We are seeing a comeback for M&A that we think is likely to continue through 2024.

U.S. Weekly Fund Flows Insight Report: Conventional Fund And ETF Investors Give A Cold Shoulder To Equity Funds For The Fund Flows Week

Investors were net sellers of fund assets for the second week in three, redeeming a net $11.6B for the LSEG Lipper fund flows week ended Wednesday (February 21). For the flows week, the Treasury yield rose at all maturities of the curve, except for the two-month yield, which experienced a one basis point decline to end the week at 5.50%.

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