Previous Close | 92.17 |
Open | 92.08 |
Bid | 92.85 x 3100 |
Ask | 93.00 x 3000 |
Day's Range | 91.96 - 92.94 |
52 Week Range | 87.80 - 94.84 |
Volume | |
Avg. Volume | 10,118,296 |
Net Assets | 5.64B |
NAV | 92.34 |
PE Ratio (TTM) | 19.47 |
Yield | 6.83% |
YTD Daily Total Return | 9.67% |
Beta (5Y Monthly) | 1.01 |
Expense Ratio (net) | 0.40% |
Inception Date | 2007-11-28 |
The Federal Reserve's interest rate hikes have taken a toll on some of the biggest bond market ETFs available to investors.
The fixed income sector could contain growth value ahead of the Fed's anticipated balance sheet roll-offs and a potential recession. PIMCO Managing Director and Portfolio Manager Sonali Pier believes equities would "bear the brunt" of any recessionary headwinds and encourages a pivot to fixed income in case of a disappointing earnings season.
SCHI has become one of the largest intermediate-term corporate bond ETFs in a year in which investors have largely shunned such funds.