Schwab US TIPS ETF

Frequently Asked Questions About SCHP

What does SCHP invest in?

SCHP is a passively managed ETF that offers investors broad access to the Treasury Inflation Protected Securities market. The fund invests in publicly issued US TIPS that have at least one year remaining to maturity and at least $500 million outstanding face value. New issuances held by the Federal Reserve are excluded. Investments must be denominated in USD and must be fixed rate and non-convertible. The index is weighted by market value, rebalanced on the last business day of each month.

What is the expense ratio of SCHP?

Schwab US TIPS ETF (SCHP) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is SCHP's dividend yield?

SCHP's trailing-twelve-month yield is 5.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SCHP?

Effective duration measures SCHP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SCHP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SCHP?

SCHP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SCHP?

Yield to maturity (YTM) is the total return you'd earn from SCHP if every bond in the portfolio is held to maturity at the current price. SCHP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.