# Schwab High Yield Bond ETF (SCYB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/scyb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Schwab · Asset class: Equity - Strategy: Passive Index · Inception: 2023-07-11 Schwab Strategic Trust - Schwab High Yield Bond ETF is an exchange traded fund launched and managed by Charles Schwab Investment Management, Inc. The fund invests in fixed income markets of the United States. It primarily invests in U.S. dollar denominated below investment grade corporate debt, currently in a coupon paying period, that have a below investment grade rating based on an average of Moody’s, S&P and Fitch and have at least 18 months to final maturity. The fund seeks to track the performance of the ICE BofA US Cash Pay High Yield Constrained Index, by using representative samplin... ## Key Facts | Metric | Value | |---|---| | Price | $25.13 | | Expense Ratio | 0.03% | | Assets Under Management | $2.77B | | NAV | $25.11 | | Holdings Count | 1844 | | Distribution Yield (TTM) | 7.17% | | Annual Distribution (TTM) | $1.80 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.91 – $26.72 | | Beta | 0.28 | ## Latest Distribution - Amount: $0.1625 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-07 ## Frequently Asked Questions ### What does SCYB invest in? Schwab Strategic Trust - Schwab High Yield Bond ETF is an exchange traded fund launched and managed by Charles Schwab Investment Management, Inc. The fund invests in fixed income markets of the United States. It primarily invests in U.S. dollar denominated below investment grade corporate debt, currently in a coupon paying period, that have a below investment grade rating based on an average of Moody’s, S&P and Fitch and have at least 18 months to final maturity. The fund seeks to track the performance of the ICE BofA US Cash Pay High Yield Constrained Index, by using representative sampling technique. Schwab Strategic Trust - Schwab High Yield Bond ETF was formed on July 11, 2023 and is domiciled in the United States. ### What is the expense ratio of SCYB? Schwab High Yield Bond ETF (SCYB) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations. ### What is SCYB's dividend yield? SCYB's trailing-twelve-month yield is 7.17%, calculated from the sum of dividends over the past year divided by the current price. ### How big is SCYB? Schwab High Yield Bond ETF (SCYB) manages $2.77B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SCYB actively managed or an index fund? SCYB is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SCYB's is 0.03%) because there's no security selection cost. ### When was SCYB launched? Schwab High Yield Bond ETF (SCYB) launched in July 2023 and is managed by Schwab. ### Does SCYB pay a dividend? Yes, Schwab High Yield Bond ETF (SCYB) distributes dividends to shareholders. The trailing-twelve-month yield is 7.17%. Full dividend history is on this page. ### How often does SCYB pay dividends? Schwab High Yield Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is SCYB's next ex-dividend date? The most recently announced ex-dividend date for SCYB was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will SCYB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.03% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SCYB charge its expense ratio? The expense ratio is deducted in tiny daily slices from SCYB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SCYB cost more than a fund like VOO? SCYB is a passive index fund (current expense ratio 0.03%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SCYB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SCYB (0.03%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/scyb - Distribution history: https://www.dividenddata.com/funds/scyb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/scyb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/scyb/expenses - Peer comparison: https://www.dividenddata.com/funds/scyb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.