Schwab Begins Trading New Bond ETF Today

By (Tom Lydon),

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Charles Schwab has kicked off trading in a brand-new bond exchange traded fund ( ETF ). The fund will track the price and yield performance of the Barclays Capital U.S. 3-10 Year Treasury Bond Index.

Schwab Intermediate-Term U.S. Treasury ETF (NYSEArca: How to Start Buying and Trading ETFs.]

The benchmark, Barclays Capital U.S. 3-10 Year Treasury Bond Index, includes all publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to three years and less than 10 years, are rated investment-grade, and have $250 million or more of outstanding face value, says ETF Daily News . [ Where You Can Get Cheap (or Free!) ETF Trades. ]

The ETF will invest up to 90% of net assets in the holdings in the index, and up to 10% of its net assets in securities not included in the index. [ The latest provider to file for an active fund. ]

For more stories about new ETFs, visit our new ETFs category .

Tisha Guerrero contributed to this category.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

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