ETF Research Center

Schwab Short-Term U.S. Treasury ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track investment results of the Barclays U.S. 1-3 Year Treasury Bond Index.

FUND BASICS
Category	Government
Fund Sponsor	Charles Schwab Investment Mana
Website	www.schwabetfs.com
Inception date	Aug 05, 2010
Assets (mns)	$10,984
Currency	USD
Expense ratio	3 bp
Distributions	Monthly

FUND STRUCTURE
Regulation	Open-End Investment Company
Custodian	State Street Bank & Trust Co
Weighting	Market Cap
Index replication	Optimized

ISSUER TYPE BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	94
No of distinct issuers	3
Inflation protected	0%
Variable/Fixed coupon	-1% /101%
Non-standard maturity (callable, etc.)	1%

TOP TEN HOLDINGS
TOTAL	15.7 %
0.0% //	1.7 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %
0.0% //	1.6 %

TOP ISSUERS
U.S. TREASURY	100.0%

TOP COUNTRY EXPOSURE
	UNITED STATES	100.0 %

HISTORICAL RETURNS info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru May 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
2.2%	5.3%	1.1%	1.4%	1.2%

Market Correlations
versus...	Beta	R-squared
Barclays Agg. Bond	0.24	60%
S&P500	0.06	21%
MSCI EAFE	0.08	35%
MSCI Emg. Mkts.	0.07	28%

Technical Indicators
Recent close	$24.29
30d moving avg.	$24.20
Annualized volatility	2.3%
Short interest (ETF)	0.4%
Relative strength (RSI)	55

Liquidity measures
Avg. volume (thou.)	2,707
Avg. daily value traded (mns)	$66
Turnover	0.6%
Bid/Ask (% of price)	0.02

Distributions

Yield Comparison

*Fund Category: GOVERNMENT

CREDIT QUALITY: MOODY'S

DISTRIBUTION YIELD (TRAILING 12 MONTHS)

Macaulay Duration

SCHO	1.9 yrs	Category Avg.*	6.4 yrs

Modified Duration

SCHO	1.8%	Category Avg.*	6.2%

RATE SENSITIVITY ANALYSIS
Change in YTM	New YTM	Est. Price Change	Est. New Price
+300 bp	34.53%	-9.4%	$22.00
+200 bp	33.53%	-5.4%	$22.97
+150 bp	33.03%	-3.7%	$23.38
+100 bp	32.53%	-2.3%	$23.74
+75 bp	32.28%	-1.6%	$23.90
+50 bp	32.03%	-1.0%	$24.04
+25 bp	31.78%	-0.5%	$24.17
0 bp	31.53%	0%	$24.29
-25 bp	31.28%	0.4%	$24.39
-50 bp	31.03%	0.8%	$24.49
-75 bp	30.78%	1.1%	$24.56
-100 bp	30.53%	1.4%	$24.63
-150 bp	30.03%	1.8%	$24.72
-200 bp	29.53%	1.9%	$24.75
-300 bp	28.53%	1.6%	$24.67

*Fund Category: GOVERNMENT

ALTAR Score™

Calculation of ALTAR Score™
Adj. Yield to Maturity	3,153	bp
Less: Annual "default factor"	0	bp
Less: Expense ratio	3	bp
Equals: ALTAR Score	31.50	%

Average ALTAR Score™ by Category
Aggregate	3.2%
Corporate	4.1%
Emerging Market	5.8%
Government	7.1%
Inflation Protected	2.4%
Mortgage	5.0%
Municipals	3.5%

Note: The Schwab Short-Term US Treasury ETF is classified as a Government* fund.