Overview
US Treasuries maturing in three to ten years — Schwab's 0.03% entry in the curve's workhorse middle, twin to SPTI.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | Treasury Note 4.25% 2031 | 2.5% |
| UST | Treasury Note 4.0% 2032 | 2.3% |
| UST | Treasury Note 4.375% 2033 | 2.2% |
| UST | Treasury Note 3.875% 2030 | 2.1% |
| UST | Treasury Note 4.125% 2034 | 2.0% |
| UST | Treasury Note 4.5% 2033 | 1.9% |
| UST | Treasury Note 3.75% 2031 | 1.8% |
| UST | Treasury Note 4.25% 2035 | 1.7% |
| UST | Treasury Note 4.0% 2029 | 1.7% |
| UST | Treasury Note 4.625% 2030 | 1.6% |
Fund Details
Investment Thesis
Same territory as SPTI and IEI — the 3-10 year belly where rate-cut upside meets manageable risk — at the identical 0.03% fee floor, with Schwab-ecosystem convenience. The slightly red year is September's bond selloff talking; the 4% monthly-paid yield is the standing offer. In commodity products, pick your custodian and stop overthinking.
Who It's For
Schwab-platform investors building the Treasury ladder in-house. Interchangeable with SPTI; the choice is brand, not strategy.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $50.63 | -- |
| 2017 | $51.14 | +1.0% |
| 2018 | $51.29 | +0.3% |
| 2019 | $53.86 | +5.0% |
| 2020 | $57.63 | +7.0% |
| 2021 | $55.90 | -3.0% |
| 2022 | $49.75 | -11.0% |
| 2023 | $51.00 | +2.5% |
| 2024 | $50.49 | -1.0% |
| 2025 | $52.00 | +3.0% |
| Year | Yield |
|---|---|
| 2016 | 1.60% |
| 2017 | 1.80% |
| 2018 | 2.50% |
| 2019 | 2.20% |
| 2020 | 1.00% |
| 2021 | 0.80% |
| 2022 | 2.50% |
| 2023 | 3.90% |
| 2024 | 4.10% |
| 2025 | 4.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2.5B | -- |
| 2017 | $3B | +20.0% |
| 2018 | $3.5B | +16.7% |
| 2019 | $4.5B | +28.6% |
| 2020 | $5.5B | +22.2% |
| 2021 | $7B | +27.3% |
| 2022 | $8.5B | +21.4% |
| 2023 | $10B | +17.6% |
| 2024 | $12B | +20.0% |
| 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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