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This investment fund seeks to accurately reflect the overall performance of a specific benchmark index. Its goal is to replicate the total returns generated by this index, which focuses on the short-term segment of the U.S. corporate bond market, all measured before accounting for any associated fees or expenses.
Is SCHJ's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
When it comes to surging bond yields, Treasuries aren't the only game in town. That ominous scenario, which means bond prices are declining, is permeating the fixed income space, including corporate debt and the related ETFs.
Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ - Get Free Report)'s stock price reached a new 52-week low on Tuesday. The company traded as low as $24.22 and last traded at $24.23, with a volume of 394661 shares trading hands. The stock had previously closed at $24.25. Schwab 1-5 Year Corporate Bond ETF Stock
Short-term investment-grade bond strategies, with durations in the two-to-three-year range, are well positioned to capture a meaningful yield advantage without the rate sensitivity that has challenged longer duration strategies in recent months. The yield to worst on a diversified short-term bond portfolio currently sits between 4.5% and 5.0%, more than 100 basis points above what bank savings accounts and government money market funds are currently yielding. Although the path for rates is highly uncertain, the range of outcomes in which short-term bonds outperform cash is considerably wider than the range in which they don't.
Last year's rate cuts still linger in the minds of advisors and fixed income investors. They may be inclined to focus on intermediate-term and longer-dated bonds and the related ETFs.
Focus Partners Advisor Solutions LLC boosted its holdings in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) by 114.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,194 shares of the company's stock after purchasing an additional 21,457 shares during the quarter.