| Label | Element | Value | ||
|---|---|---|---|---|
| Schwab International Bond ETF | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk/Return [Heading] | oef_RiskReturnHeading | Schwab® International Bond ETF | ||
| Objective [Heading] | oef_ObjectiveHeading | Investment Objective | ||
| Objective, Primary [Text Block] | oef_ObjectivePrimaryTextBlock |
The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index comprising of international, non-U.S. dollar denominated investment grade debt securities.
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| Expense Heading [Optional Text] | oef_ExpenseHeading | Fund Fees and Expenses | ||
| Expense Narrative [Text Block] | oef_ExpenseNarrativeTextBlock |
This table describes the fees and expenses you may pay if you buy, hold and sell shares of the fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below.
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| Shareholder Fees Caption [Optional Text] | oef_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||
| Operating Expenses Caption [Optional Text] | oef_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment) | ||
| Other Expenses, New Fund, Based on Estimates [Text] | oef_OtherExpensesNewFundBasedOnEstimates | “Other expenses” is an estimate based on the expenses the fund expects to incur for its first full fiscal year. | ||
| Expense Example [Heading] | oef_ExpenseExampleHeading | Example | ||
| Expense Example Narrative [Text Block] | oef_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then sell all of your shares at the end of those time periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
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| Expense Example by, Year, Caption [Text] | oef_ExpenseExampleByYearCaption | Expenses on a $10,000 Investment | ||
| Portfolio Turnover [Heading] | oef_PortfolioTurnoverHeading | Portfolio Turnover | ||
| Portfolio Turnover [Text Block] | oef_PortfolioTurnoverTextBlock |
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the example, affect the fund’s performance. The fund is new and therefore does not have a historical portfolio turnover rate.
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| Strategy [Heading] | oef_StrategyHeading | Principal Investment Strategies | ||
| Strategy Narrative [Text Block] | oef_StrategyNarrativeTextBlock |
To pursue its goal, the fund in normal circumstances primarily invests in securities that are included in the ICE Global Broad Market Excluding-USD RIC Capped Free-Float Index (USD Hedged)†. ICE Global Broad Market Excluding-USD RIC Capped Free-Float Index (USD Hedged) measures the performance of investment grade debt publicly issued in global and eurobond markets, including sovereign, quasi-government, corporate, securitized and collateralized securities. The index is rules-based with qualifying securities included in the index having to be issued in currencies other than the U.S. dollar. For example, the index may include U.S. based issuers that have issued non-U.S. dollar denominated debt if they meet index inclusion rules. Qualifying securities must have an investment grade rating (based on the middle rating of Moody’s, S&P and Fitch). If rated by all three agencies, two of the three ratings must be Baa3/BBB- or higher; if rated by two agencies, the lowest rating must be Baa3/BBB- or higher; and if rated by a single agency the security must be rated Baa3/BBB- or higher. In addition, qualifying securities must have at least one year remaining term to final maturity, at least 18 months to final maturity at point of issuance and a fixed coupon schedule. Callable perpetual securities qualify provided they are at least one year from the first call date. Fixed-to-floating rate securities also qualify provided they are callable within the fixed rate period and are at least one year from the last call prior to the date the bond transitions from a fixed to a floating rate security. The index excludes certain types of securities, including, among others, U.S. dollar denominated securities, U.S. Treasury bills, Treasury Inflation-Protected Securities (TIPS), and stripped coupon or principal securities; however, original issue zero coupon bonds are included in the index. The securities in the index are updated on the last business day of each month.
The fund will attempt to hedge its foreign currency exposure, primarily through the use of foreign currency exchange forward contracts and futures contracts, in order to correlate to the returns of the index, which is U.S. dollar hedged and to seek to minimize the currency risk associated with investment in bonds denominated in currencies other than the U.S. dollar. The fund may also use derivatives as a substitute for taking a position in an underlying asset and to help manage interest rate and credit risk exposure.
It is the fund’s policy that under normal circumstances it will invest at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in bonds. Under normal
†
“ICE®” is a registered trademark of ICE Data Indices, LLC or its affiliates and “BofA®” is a registered trademark of Bank of America Corporation licensed by Bank of America Corporation and its affiliates (“BofA”) and may not be used without BofA’s prior written approval. These trademarks have been licensed, along with the ICE Global Broad Market Excluding-USD RIC Capped Free-Float Index (USD Hedged) (“Index”) for use by Charles Schwab Investment Management, Inc., dba Schwab Asset Management, in connection with the Schwab International Bond ETF. The Schwab International Bond ETF is not sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in the Schwab International Bond ETF.
circumstances, the fund may invest up to 20% of its net assets in securities not included in its index. The principal types of these investments include those that the investment adviser believes will help the fund track the index, such as investments in (a) securities that are not represented in the index but the investment adviser anticipates will be added to the index; (b) high-quality liquid investments, including obligations that are issued by private issuers; (c) other investment companies; and (d) derivatives, principally futures contracts. The fund may also invest in cash and cash equivalents, including money market funds, and lend its securities to minimize the difference in performance that naturally exists between an index fund and its corresponding index.
Because it may not be possible or practical to purchase all of the securities in the index, the investment adviser will seek to track the total return of the index by using sampling techniques. Sampling techniques involve investing in a limited number of index securities that, when taken together, are expected to perform similarly to the index as a whole. These techniques are based on a variety of factors, including interest rate and yield curve risk, maturity exposures, industry, sector and issuer weights, credit quality, and other risk factors and characteristics. The fund generally expects that its portfolio will hold less than the total number of securities in the index, but reserves the right to hold as many securities as it believes necessary to achieve the fund’s investment objective. The fund may sell securities that are represented in the index in anticipation of their removal from the index.
The fund will concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry, group of industries or sector to approximately the same extent that its index is so concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry. Similarly, tax-exempt obligations of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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| Bar Chart and Performance Table [Heading] | oef_BarChartAndPerformanceTableHeading | Performance | ||
| Performance Narrative [Text Block] | oef_PerformanceNarrativeTextBlock | Because the fund is new, no performance figures are given. Once the fund has completed a full calendar year of operations, a bar chart and table will be included that will provide some indication of the risks of investing in the fund by showing the variability of the fund’s returns and comparing the fund’s performance to the index. For current performance information, once available, please see www.schwabassetmanagement.com/prospectus.
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| Performance One Year or Less [Text] | oef_PerformanceOneYearOrLess | Because the fund is new, no performance figures are given. | ||
| Performance Availability Website Address [Text] | oef_PerformanceAvailabilityWebSiteAddress | www.schwabassetmanagement.com/prospectus | ||
| Schwab International Bond ETF | Risk Lose Money [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock | The fund is subject to risks, any of which could cause an investor to lose money. | ||
| Schwab International Bond ETF | Market Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Market Risk — Financial markets rise and fall in response to a variety of factors, sometimes rapidly and unpredictably. Markets may be impacted by economic, political, regulatory and other conditions, including economic sanctions, tariffs and other government actions. In addition, the occurrence of global events, such as war, terrorism, environmental disasters, natural disasters and epidemics, may also negatively affect the financial markets. As with any investment whose performance is tied to these markets, the value of an investment in the fund will fluctuate, which means that an investor could lose money over short or long periods.
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| Schwab International Bond ETF | New Fund Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
New Fund Risk — The fund is a new ETF and has only recently commenced operations and therefore has limited operating history on which investors can base their investment decision. Additionally, due to the fund’s small asset base, certain of the fund’s expenses
and its portfolio transaction costs may be higher than those of a fund with a larger asset base. There can be no assurance that the fund will grow to or maintain an economically viable size, in which case the fund may cease operations. In such an event, your interest in the fund may be liquidated at an inopportune time.
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| Schwab International Bond ETF | Investment Style Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Investment Style Risk — The fund is an index fund. Therefore, the fund follows the securities included in the index during upturns as well as downturns. Because of its indexing strategy, the fund does not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of the fund’s expenses, the fund’s performance may be below that of the index. Errors relating to the index may occur from time to time and may not be identified by the index provider for a period of time. In addition, market disruptions could cause delays in the index’s rebalancing schedule. Such errors and/or market disruptions may result in losses for the fund.
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| Schwab International Bond ETF | Interest Rate Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Interest Rate Risk — Interest rates rise and fall over time. As with any investment whose yield reflects current interest rates, the fund’s yield will change over time. During periods when interest rates are low, the fund’s yield (and total return) also may be low. Changes or the anticipation of changes in interest rates also may affect the fund’s share price: a rise in interest rates generally causes the fund’s share price to fall. The longer the fund’s portfolio duration, the more sensitive to interest rate movements its share price is likely to be. Also, a change in a central bank’s monetary policy or economic conditions, among other things, may result in a change in interest rates, which could have sudden and unpredictable effects on the markets and significantly impact the value of fixed-income securities in which the fund invests. A sudden or unpredictable rise in interest rates may cause volatility and the value of fixed-income securities to decline.
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| Schwab International Bond ETF | Credit Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Credit Risk — A decline in the credit quality of an issuer, guarantor or liquidity provider of a portfolio investment or a counterparty could cause the fund to lose money or underperform. The fund could lose money if, due to a decline in credit quality, the issuer, guarantor or liquidity provider of a portfolio investment or a counterparty fails to make, or is perceived as being unable or unwilling to make, timely principal or interest payments or otherwise honor its obligations.
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| Schwab International Bond ETF | Foreign Investment Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Foreign Investment Risk — The fund’s investments in securities of foreign issuers involve certain risks that may be greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may negatively impact the value or liquidity of the fund’s investments, and could impair the fund’s ability to meet its investment objective or invest in accordance with its investment strategy. There is a risk that investments in securities denominated in, and/or receiving revenues in, foreign currencies will decline in
value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged, resulting in the dollar value of the fund’s investment being adversely affected. To the extent the fund’s investments in a single country or a limited number of countries represent a large percentage of the fund’s assets, the fund’s performance may be adversely affected by the economic, political, regulatory and social conditions in those countries, and the fund’s price may be more volatile than the price of a fund that is geographically diversified.
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| Schwab International Bond ETF | Emerging Markets Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Emerging Markets Risk — Emerging market countries may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. Emerging market countries often have less uniformity in accounting, auditing, financial reporting and recordkeeping requirements, which may limit the quality and availability of financial information, and greater risk associated with the custody of securities. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in developed countries. As a result, there may be an increased risk of illiquidity and price volatility associated with the fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar, and, at times, it may be difficult to value such investments.
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| Schwab International Bond ETF | Sampling Index Tracking Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Sampling Index Tracking Risk — The fund may not fully replicate the index and may hold securities not included in the index. As a result, the fund is subject to the risk that the investment adviser’s investment management strategy, the implementation of which is subject to a number of constraints, may not produce the intended results. Because the fund utilizes a sampling approach it may not track the return of the index as well as it would if the fund purchased all of the securities in the index.
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| Schwab International Bond ETF | Tracking Error and Correlation Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Tracking Error and Correlation Risk — As an index fund, the fund seeks to track the performance of the index, although it may not be successful in doing so. Further, there can be no guarantee that the fund will achieve a high degree of correlation between the fund’s performance and that of its index. The correlation between the performance of the fund and that of its index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
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| Schwab International Bond ETF | Privately Issued Securities Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Privately Issued Securities Risk — Privately issued securities, including those purchased pursuant to Rule 144A under the Securities Act of 1933, as amended (the 1933 Act), are generally not traded on established markets. Privately issued securities carry the risk that the liquidity of these securities may become impaired, making it more difficult for the fund to sell these bonds. Delay or difficulty in selling such securities may result in a loss to the fund.
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| Schwab International Bond ETF | Portfolio Turnover Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Portfolio Turnover Risk — The fund may engage in frequent trading of its portfolio securities in connection with its tracking of the index or in response to market conditions. A higher portfolio turnover rate may result in increased transaction costs, which may lower the fund’s performance. A higher portfolio turnover rate can also result in an increase in taxable capital gains distributions to the fund’s shareholders.
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| Schwab International Bond ETF | Prepayment and Extension Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Prepayment and Extension Risk — Certain fixed-income securities are subject to the risk that the securities may be paid off earlier or later than expected, especially during periods of falling or rising interest rates, respectively. Prepayments of obligations could cause the fund to forgo future interest income on the portion of the security’s principal repaid early and force the fund to reinvest that money at the lower prevailing interest rates. Extensions of obligations could cause the fund to exhibit additional volatility and hold securities paying lower-than-market rates of interest. Either case could hurt the fund’s performance.
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| Schwab International Bond ETF | Derivatives Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Derivatives Risk — The fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. The fund’s use of derivatives could reduce the fund’s performance, increase the fund’s volatility, and could cause the fund to lose more than the initial amount invested. In addition, investments in derivatives may involve leverage, which means a small percentage of assets invested in derivatives can have a disproportionately large impact on the fund.
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| Schwab International Bond ETF | Liquidity Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Liquidity Risk — The fund may be unable to sell certain securities, such as illiquid securities, readily at a favorable time or price, or the fund may have to sell them at a loss.
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| Schwab International Bond ETF | Securities Lending Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Securities Lending Risk — Securities lending involves the risk of loss of rights in, or delay in recovery of, the loaned securities if the borrower fails to return the security loaned or becomes insolvent.
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| Schwab International Bond ETF | Concentration Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Concentration Risk — To the extent that the fund’s or the index’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector or asset class, the fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more vulnerable to adverse economic, market, political or regulatory occurrences affecting that market, industry, group of industries, sector or asset class.
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| Schwab International Bond ETF | Market Trading Risk [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Market Trading Risk — Although fund shares are listed on national securities exchanges, there can be no assurance that an active trading market for fund shares will develop or be maintained. If an active market is not maintained, investors may find it difficult to buy or sell fund shares.
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| Schwab International Bond ETF | Shares of the Fund May Trade at Prices Other Than NAV [Member] | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Risk [Text Block] | oef_RiskTextBlock |
Shares of the Fund May Trade at Prices Other Than NAV — Fund shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of the shares of the fund will approximate the fund’s net asset value (NAV), there may be times when the market price and the NAV vary significantly. An investor may pay more than NAV when buying shares of the fund in the secondary market, and an investor may receive less than NAV when selling those shares in the secondary market. The market price of fund shares may deviate, sometimes significantly, from NAV during periods of market volatility or market disruption.
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| Schwab International Bond ETF | Schwab International Bond ETF | ||||
| Prospectus [Line Items] | oef_ProspectusLineItems | |||
| Shareholder Fee, Other | oef_ShareholderFeeOther | $ 0 | ||
| Management Fees (as a percentage of Assets) | oef_ManagementFeesOverAssets | 0.07% | ||
| Other Expenses (as a percentage of Assets): | oef_OtherExpensesOverAssets | 0.00% | [1] | |
| Expenses (as a percentage of Assets) | oef_ExpensesOverAssets | 0.07% | ||
| Expense Example, with Redemption, 1 Year | oef_ExpenseExampleYear01 | $ 7 | ||
| Expense Example, with Redemption, 3 Years | oef_ExpenseExampleYear03 | $ 23 | ||
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