Schwab Ultra-Short Income ETF
SCUS
New York Stock Exchange Arca- -
USD
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Aug 13, 2024
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Ultra-Short Income ETF (SCUS) is an actively managed exchange-traded fund that seeks current income consistent with capital preservation while maintaining liquidity by investing primarily in investment grade, short-term, U.S. dollar-denominated debt securities issued by U.S. and foreign issuers, with a portfolio duration of one year or less. The fund's core holdings include corporate bonds (approximately 35%), commercial paper (29%), certificates of deposit (18%), repurchase agreements (15%), and variable rate demand notes (3%), featuring top positions in tri-party repo agreements from issuers such as Wells Fargo Securities LLC, Citigroup Global Markets, BNP Paribas SA, and BofA Securities, as well as commercial paper and notes from entities like Lloyds Bank PLC, ING US Funding LLC, Honeywell International Inc., Nordea Bank ABP, and Toronto-Dominion Bank. Credit quality emphasizes A-1 rated securities (65%), followed by A (21%) and BBB (12%), with maturities concentrated in 8 days to 1 year (65%); the fund maintains an expense ratio of 0.14%, below the ultrashort bond category average, and is benchmarked against the ICE BofA US 3-Month Treasury Bill Index. SCUS, issued by Schwab Strategic Trust and managed by Schwab Asset Management—a subsidiary of The Charles Schwab Corporation—launched on August 13, 2024, marking the first actively managed fixed income ETF from Schwab Asset Management; the fund trades on NYSE Arca under CUSIP 808524623, with headquarters in Westlake, Texas. As of mid-December 2025, total net assets exceed $178 million, with 163 holdings, 7.1 million shares outstanding, a weighted average maturity of 0.75 years, effective duration of 0.6 years, SEC yield of 3.88%, and distribution yield of 4.21%. The fund targets conservative investors seeking low-volatility income in the ultrashort bond segment, primarily individual and institutional clients through brokerage platforms, with operations focused on U.S. markets but including select foreign issuer securities. In the past year, SCUS has demonstrated steady performance with year-to-date NAV returns of 4.27% and annualized inception returns of 4.81%, alongside consistent monthly income distributions ranging from $0.0760 to $0.1332 per share; portfolio turnover stands at 31% as of November 2025. No major acquisitions, partnerships, funding rounds, or strategic shifts have been announced since inception, though institutional ownership has grown to 19 holders managing approximately 438,000 shares, reflecting increasing adoption among wealth managers like Kingsview Wealth Management and Citadel Advisors.