Schwab High Yield Bond ETF (SCYB)
ARCA ARCA Primary Summary
SCYB Chart
SCYB: Not The Time For High Yield
Inflation post-Covid has driven demand for high-yield investments like the Schwab High Yield Bond ETF (SCYB), which boasts a 7.88% yield and low expense ratio. SCYB's balanced duration profile and strong performance have attracted over $1 billion in assets, despite ongoing macroeconomic concerns and interest rate uncertainties. The fund's portfolio includes a significant portion of BB and B-rated bonds, raising concerns about the risk-reward balance given current tight credit spreads.
SCYB: Great ETF, But The Outlook Is Mixed
The Schwab High Yield Bond ETF offers exposure to high-yield corporate bonds with a low expense ratio. SCYB's diversified approach reduces some high-yield investing risks, but tight credit spreads may limit bond price appreciation potential. Inflation risks in the US may lead to fewer rate cuts next year, making SCYB a "Hold" despite its attractive 7.24% 30-day SEC Yield.
SCYB: Simple High-Yield Corporate Bond ETF, 7.2% Dividend Yield
SCYB is a simple high-yield corporate bond index ETF. It has a solid 7.3% dividend yield, and is cheaper than its peers, with a 0.03% expense ratio. SCYB is a solid investment opportunity, albeit vanilla, without any significant advantages or disadvantages to high-yield peers.
Schwab High Yield Bond ETF Dividends
| SCYB 4 months ago | Other | $0.15 Per Share |
| SCYB 5 months ago | Other | $0.17 Per Share |
| SCYB 6 months ago Paid | Monthly | $0.14 Per Share |
| SCYB 7 months ago Paid | Monthly | $0.15 Per Share |
| SCYB 8 months ago Paid | Monthly | $0.17 Per Share |
Schwab High Yield Bond ETF Earnings
| SCYB 4 months ago | Other | $0.15 Per Share |
| SCYB 5 months ago | Other | $0.17 Per Share |
| SCYB 6 months ago Paid | Monthly | $0.14 Per Share |
| SCYB 7 months ago Paid | Monthly | $0.15 Per Share |
| SCYB 8 months ago Paid | Monthly | $0.17 Per Share |
Schwab High Yield Bond ETF (SCYB) FAQ
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Schwab High Yield Bond ETF Profile
| ARCA Exchange | US Country |
Overview
This company is primarily involved in the financial sector, focusing on investment in U.S. dollar denominated below investment grade corporate debt, commonly referred to as junk bonds. These are bonds that have a higher risk of default than investment-grade bonds but offer higher yields to compensate for this increased risk. The company's strategy revolves around tracking the performance of these bonds, specifically targeting those that are currently in a coupon paying period and publicly issued in the U.S. domestic market. A distinguishing policy of the fund is its commitment to invest at least 80% of its net assets in these below investment grade bonds, ensuring a focused investment approach within this specific asset class.
Products and Services
The company provides an array of products and services tailored to investors looking to navigate the high-yield bond market. These offerings include:
- U.S. Dollar Denominated Below Investment Grade Corporate Debt - The core of the company’s portfolio, this product focuses on corporate bonds that are rated below investment grade. Despite their higher risk of default compared to investment-grade bonds, these securities are selected based on their potential to offer higher returns during their coupon paying period.
- Publicly Issued U.S. Domestic Bonds - Specializing in bonds that are publically issued within the U.S. market, providing investors with accessibility and liquidity. This service ensures that investments are made in bonds that have a transparent performance history and are regulated by U.S. law, offering a semblance of security in the inherently risky junk bond market.
Contact Information
