Overview
US Treasuries maturing in one to three years — minimal rate risk, full government backing, at 0.03%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | Treasury Note 4.25% 2027 | 2.4% |
| UST | Treasury Note 4.0% 2028 | 2.3% |
| UST | Treasury Note 4.5% 2027 | 2.2% |
| UST | Treasury Note 3.875% 2027 | 2.1% |
| UST | Treasury Note 4.125% 2028 | 2.0% |
| UST | Treasury Note 4.375% 2028 | 1.9% |
| UST | Treasury Note 3.75% 2027 | 1.9% |
| UST | Treasury Note 4.625% 2027 | 1.8% |
| UST | Treasury Note 4.25% 2028 | 1.8% |
| UST | Treasury Note 4.0% 2027 | 1.7% |
Fund Details
Investment Thesis
The 1-3 year Treasury sector is the conservative investor's sweet spot right now: yields close to cash but with enough duration that Fed cuts add price gains instead of just shrinking your income. SCHO owns it for three basis points with monthly payouts and state-tax-exempt interest. It's the step-out-of-cash trade in its simplest form.
Who It's For
Savers extending out of money markets before yields fall, and portfolio builders who want their safe sleeve in pure short Treasuries. Boring, cheap, and exactly as advertised.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $23.50 | -- |
| 2017 | $23.43 | -0.3% |
| 2018 | $23.45 | +0.1% |
| 2019 | $23.92 | +2.0% |
| 2020 | $24.52 | +2.5% |
| 2021 | $24.27 | -1.0% |
| 2022 | $23.18 | -4.5% |
| 2023 | $23.65 | +2.0% |
| 2024 | $24.00 | +1.5% |
| 2025 | $24.60 | +2.5% |
| Year | Yield |
|---|---|
| 2016 | 0.80% |
| 2017 | 1.10% |
| 2018 | 2.00% |
| 2019 | 2.20% |
| 2020 | 1.00% |
| 2021 | 0.30% |
| 2022 | 1.80% |
| 2023 | 4.20% |
| 2024 | 4.40% |
| 2025 | 4.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2.5B | -- |
| 2017 | $3B | +20.0% |
| 2018 | $4B | +33.3% |
| 2019 | $5B | +25.0% |
| 2020 | $7B | +40.0% |
| 2021 | $8B | +14.3% |
| 2022 | $11B | +37.5% |
| 2023 | $13B | +18.2% |
| 2024 | $12B | -7.7% |
| 2025 | $13B | +8.3% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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