Schwab High Yield Bond ETF
SCYB

$53.44

0.07%

Market Cap: $462M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

21% more funds holding

Funds holding: 14 [Q1] → 17 (+3) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 4

6.75% less ownership

Funds ownership: 19.83% [Q1] → 13.08% (-6.75%) [Q2]

14% less capital invested

Capital invested by funds: $25.9M [Q1] → $22.3M (-$3.57M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for SCYB.

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Financial journalist opinion

High Yield Bond ETFs Have New Asset Leader

The U.S. high yield bond ETF category has a new asset leader. The iShares Broad USD High Yield Corporate Bond ETF (USHY) is now the largest high yield bond ETF in the market, with assets totaling $15.9 billion as of Aug.15.

High Yield Bond ETFs Have New Asset Leader

SCYB: Strategic Exposure To A Risky Sector

SCYB is a high-yield bond ETF with $187M AUM, tracking the ICE BofA US Cash Pay High Yield Constrained Index. SCYB holds 1,562 well-diversified high-yield bonds, with 53% in BB-rated and 45% in B-rated bonds. CCC bonds are facing bearish tecnical factors that may cause them to perform poorly even in a positive economic environment.

SCYB: Strategic Exposure To A Risky Sector

SCYB: Good But Not The Right Time Yet

Schwab High Yield Bond ETF is a cost-effective option for investors seeking exposure to the high yield bond market. SCYB's portfolio consists of diversified high yield corporate bonds, with top holdings including Carnival Corp. and Rakuten Group Inc. The ETF has underperformed slightly compared to its peers, but its low expense ratio makes it an attractive option for potential future opportunities.

SCYB: Good But Not The Right Time Yet

SCYB: Low Fees And High Quality High Yield Exposure

Schwab High Yield Bond ETF launched in July 2023, with a focus on the higher quality part of the high yield bond market. SCYB has a low expense ratio of 0.03%, which compares favorably to most other high yield bond ETFs. SCYB's historical performance has been slightly weaker than peers due to its lack of exposure to CCC rated bonds.

SCYB: Low Fees And High Quality High Yield Exposure

Chart of the Week: High Yield Gaining Traction With Advisors

After a year when advisors were relatively cautious about taking on credit risk, sentiment seems to be shifting. In 2023, the most popular fixed income ETF was the iShares 20+ Year Treasury ETF (TLT).

Chart of the Week: High Yield Gaining Traction With Advisors

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