Schwab High Yield Bond ETF (SCYB) is an exchange-traded fund in the High Yield Bond category. It has $2.65B in assets, an expense ratio of 0.03% and a 6.90% dividend yield. The index tracks the performance of U.S. dollar denominated below investment grade corporate debt (junk bonds), currently in a coupon paying period, that is publicly issued in the U.S. domestic market. It is the fund’s policy that under normal circumstances it will invest at least 80% of its net assets in below investment grade bonds.