Schwab High Yield Bond ETF
U.S. bond index ETF · tracks ICE BofA US Cash Pay High Yield Constrained Index
As of its 2026 Q2 report, Schwab High Yield Bond ETF held 1,834 positions with $2.54B in net assets. Its ten largest holdings made up 5.7% of the fund. The SCYB share class costs 0.03% a year. Over the 12 months to May 2026, SCYB returned 7.5%, with dividends reinvested. In 2026 Q2 it added 114 new positions and exited 117.
The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of U.S. dollar denominated below investment grade corporate debt.
The fund tracks the ICE BofA US Cash Pay High Yield Constrained Index, which comprises U.S. dollar-denominated below-investment-grade corporate bonds with at least one year to maturity, issued by entities in the FX-G10 countries, Western Europe, or U.S. territories. The fund maintains at least 80% of assets in below-investment-grade bonds and uses sampling techniques to replicate index performance, holding a subset of index securities expected to behave similarly to the full index. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
GVMXXState Street Institutional US Government Money Market Fund | 3.25% | $82.48M | — |
1261229 BC LTD 10.00% · due 2032-04-15 | 0.42% | $10.65M | — |
MERIDIAN ARC HOLDCO LLC 6.25% · due 2031-04-30 | 0.36% | $9.19M | — |
ECHOSTAR CORP 10.75% · due 2029-11-30 | 0.29% | $7.36M | — |
CLOUD SOFTWARE GRP INC 6.50% · due 2029-03-31 | 0.27% | $6.88M | — |
QUIKRETE HOLDINGS INC 6.38% · due 2032-03-01 | 0.24% | $6.10M | — |
SV RNO PROPERTY OWNER 1 5.88% · due 2031-03-01 | 0.23% | $5.93M | — |
CORE SCIENTIFIC FINANCE 7.75% · due 2031-05-15 | 0.23% | $5.73M | — |
ASURION LLC/ASURION CO 8.00% · due 2032-12-31 | 0.23% | $5.70M | — |
ASURION LLC/ASURION CO 8.38% · due 2034-02-01 | 0.22% | $5.63M | — |
The 200 largest of 1,834 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 97.68% |
| Cash & short-term | 3.25% |
By sector
- Other
- 48.3%
- International
- 15.1%
- Consumer Discretionary
- 5.2%
- Industrials
- 4.4%
- 10 other sectors
- 27.0%
- Other
- 48.3%
- International
- 15.1%
- Consumer Discretionary
- 5.2%
- Industrials
- 4.4%
- Health Care
- 4.1%
- Communication Services
- 3.6%
- Cash
- 3.2%
- Financials
- 3.1%
- Energy
- 2.8%
- Materials
- 2.7%
- Information Technology
- 2.7%
- Consumer Staples
- 2.0%
- Utilities
- 1.9%
- Real Estate
- 0.9%
How it has done
SCYB share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.75%. Past returns are a record, not a forecast.
Fees & fund details
Schwab High Yield Bond ETF is a U.S. bond index ETF that tracks the ICE BofA US Cash Pay High Yield Constrained Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.03%· SCYB 0.03%
- Portfolio turnover
- 24.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
114 new· the largest 7
117 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.2% |
| 1-3y | 24.2% |
| 3-5y | 36.9% |
| 5-10y | 33.9% |
| 10y+ | 4.5% |
| Unknown | 0.3% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 50% |
| Credit spreads | 50% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.97 yr |
| Investment grade | +0.02 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.83 yr | 28% |
| 5 yr | 1.68 yr | 56% |
| 10 yr | 0.41 yr | 14% |
| 30 yr | 0.04 yr | 1% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.10 yr | 3% |
| 5 yr | 1.30 yr | 44% |
| 10 yr | 1.33 yr | 45% |
| 30 yr | 0.26 yr | 9% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.00 | +0.00 | $1 | $29 |
| 1 yr | +0.83 | +0.00 | +0.10 | $400 | $24.1k |
| 5 yr | +1.68 | +0.01 | +1.29 | $2.7k | $327.1k |
| 10 yr | +0.41 | +0.01 | +1.32 | $1.9k | $335.3k |
| 30 yr | +0.04 | +0.00 | +0.26 | $0 | $66.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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