Share-split context: A forward split was recorded on Oct 11, 2024 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

What this ETF is trying to do

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that invests in a broad mix of U.S. bonds. Its goal is to provide investors with a way to hold many different types of bonds in one single investment.

What the numbers show

As of October 7, 2026, the share price is $22.03. This ETF has a history of share splits. Specifically, it had a "forward split" on October 11, 2024, with a coefficient of 2. This means each old share became two new shares, and the price per share fell proportionally. This split did not create a gain or a loss; it only changed the number of shares.

Because of this split history, we look at split-adjusted returns:

• Year-to-Date (YTD): The price return is -5.73%, while the total return is -2.71%.

• One Year: The price return is -6.02%, while the total return is -2.02%.

• Three Year: The price return is 1.06%, while the total return is 14.00%.

Price return only measures the change in the share price. Total return is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

SCHZ usually pays distributions monthly. Over the last 12 months, it has made 12 payments totaling $0.96 per share. This results in a distribution yield of approximately 4.37%.

It is important for beginners to know that a high distribution yield alone can be misleading. A fund can pay out cash while its share price is falling.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. SCHZ has an erosion score of 75, which is labeled as "mild price erosion." This is a measurement of risk, not a guarantee that the fund's value has collapsed.

Pros

• Consistent Income: The fund provides regular monthly distributions.

• Long-term Total Return: Over a three-year period, the total return was approximately 14.00%.

Cons

• Recent Price Decline: Both the year-to-date and one-year price returns are negative.

• Erosion Risk: The fund has a "mild" erosion-risk label.

Beginner takeaway

SCHZ is a bond ETF that pays monthly income. While its total return over three years was positive, its share price has declined over the last year. Income investors generally care about "principal stability," which means they want the original amount they invested to stay steady even while they collect distributions. In this case, the total return is higher than the price return because of the distributions paid.