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The Schwab Ultra-Short Income ETF (NYSE Arca: SCUS) has commenced trading, marking Schwab Asset Management's first actively managed fixed income ETF. With an expense ratio of 0.14%, SCUS is priced competitively below the industry average of 0.25%. The ETF aims to provide current income while preserving capital and maintaining liquidity.
SCUS invests in investment grade, short-term, U.S. dollar denominated debt securities from both U.S. and foreign issuers. The fund maintains a portfolio duration of one year or less, focusing on ultra-short-term investments. This new offering expands Schwab's ETF lineup, potentially appealing to investors seeking low-risk, income-generating options in the current market environment.
Schwab Asset Management, part of The Charles Schwab , is launching its first actively managed fixed income ETF, the Schwab Ultra-Short Income ETF (NYSE Arca: SCUS). Set to begin trading around August 13, this ETF offers:
- Access to U.S. dollar-denominated investment-grade, short-term bonds
- An expense ratio of 0.14%, below the industry average of 0.25%
- A focus on current income with capital preservation and liquidity
- Portfolio duration of one year or less
This launch marks Schwab's 10th bond ETF and 31st ETF overall, solidifying its position as the fifth-largest ETF provider. The company aims to offer among the lowest-cost bond ETFs in the industry.
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