Schwab 5-10 Year Corporate Bond ETF
SCHI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Oct 11, 2019
- CIK
- 0001454889
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that seeks to track the total return of the Bloomberg US 5-10 Year Corporate Bond Index, prior to fees and expenses. The fund provides exposure to a market-weighted portfolio of USD-denominated, investment-grade corporate bonds issued by U.S. and non-U.S. companies with remaining maturities between five and ten years; it emphasizes fixed-rate, taxable securities across investment-grade ratings including AAA, AA, A, and BBB, with sector allocations primarily to industrials (approximately 52%), financials (38%), and utilities (10%); top holdings include bonds from issuers such as Meta Platforms Inc., Bank of America Corp., Pfizer Inc., JPMorgan Chase & Co., and Wells Fargo & Co. Launched on October 10, 2019, and managed passively by Charles Schwab Investment Management, Inc., a subsidiary of The Charles Schwab Corporation headquartered in Westlake, Texas, SCHI trades on the NYSE Arca exchange with a low expense ratio of 0.03%, total net assets exceeding $9.6 billion, and monthly income distributions targeting retail investors, financial advisors, and institutions seeking intermediate-term corporate bond income and diversification. In October 2024, the fund underwent a 2-for-1 forward share split effective for shareholders of record as of October 9, increasing shares outstanding while proportionally reducing net asset value per share without altering total shareholder value; more recently, its parent organization, The Charles Schwab Corporation, announced in November 2025 a definitive agreement to acquire Forge Global Holdings, Inc. for approximately $660 million to expand private market capabilities, though this does not directly impact SCHI operations. The ETF maintains a weighted average maturity of about 7.35 years, effective duration of 6.0 years, and focuses on the U.S. fixed income market without significant international geographic operations beyond the U.S.-dollar denominated bond universe.