ETF Filings
Schwab money-market head Linda Klingman retires; Ultra-Short Income ETF prospectus drops her
Schwab Ultra-Short Income ETF
$25.050.00 (−0.01%)
- 0.14%
- $263M
- +3.4%
- 3.87%
- 0.1M sh
- $25.05
- low $25.01high $25.33
The ETF.net SCUS Grade
B
Score 68 out of 100
- 25 of 78
Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 15 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 60 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 52 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 58 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 11 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 45 of 78
Our read on SCUS
BSchwab's cash-parking entry: an actively managed sleeve of short-dated investment-grade dollar debt, measured against 3-month T-bills, at 0.14% a year. That undercuts the typical ultra-short bond ETF, and most active ones too.
The fund seeks current income consistent with capital preservation while maintaining liquidity. It actively invests in investment-grade, short-term, U.S.-dollar-denominated debt securities issued by U.S. and foreign issuers.
Why people hold it
- 0.14% a year undercuts the ultra-short category's 0.20% median, and lands below active rivals like PULS at 0.15%.
- Active, not index-tracking: managers pick among short-dated investment-grade dollar bonds from US and foreign issuers, with capital preservation and liquidity written into the mandate.
- Income arrives monthly, drawn from roughly 150 positions rather than a handful of bills.
- Sits in the upper half of a crowded ultra-short bond field, with cost doing the heavy lifting.
Worth knowing
- Launched in August 2024, so the track record is short next to ultra-short mainstays like SHV.
- Assets are modest and trading is moderate, so spreads can run wider than at the category's biggest names.
- Benchmarked to 3-month T-bills, but it buys credit rather than only government paper, so the share price can move when spreads widen.
SCUS Holdings
- Bonds
- 144
- 24%
- Tri-Party Barclays Bank PLC 3.96% 10/13/2026
Sectors
- Financials100.0%
Geography
- United States88.33%
- Canada6.70%
- United Kingdom2.79%
- Japan1.41%
- France0.76%
SCUS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
SCUS$10,335
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SCUS |
|---|---|
| Year to date | +2.4% |
| 1 month | +0.1% |
| 3 months | +0.7% |
| 1 year | +3.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCUS |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +4.5% | |
| 2024 | +2.0% |
SCUS in the news
SCUS Dividends
- 3.87%
- $0.97
- $0.08 per share
- Monthly
Distribution history
SCUS Risk
- 0.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCUS Cost
0.14%
SCUS0.14%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
15 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- ASPTUState Street SPDR Portfolio Ultra Short T-Bill ETFExpense ratio 0.05%1 year return +3.7%
- BTBUXT. Rowe Price Ultra Short-Term Bond ETFExpense ratio 0.17%1 year return +4.0%
- BEVSBEaton Vance Ultra-Short Income ETFExpense ratio 0.17%1 year return +4.0%
- BWEEKRoundhill Investments - Weekly T-Bill ETFExpense ratio 0.19%1 year return +3.5%
- BXBILUS Treasury 6 Month Bill ETFExpense ratio 0.15%1 year return +3.6%