SCHP

Schwab U.S. TIPS ETF (SCHP) invests primarily in U.S. Treasury Inflation‑Protected Securities, a class of fixed‑rate, investment‑grade government bonds whose principal and interest adjust with changes in the Consumer Price Index. The fund follows a passive, full‑replication approach to the Bloomberg U.S. Treasury Inflation‑Linked Bond Index (Series‑L), holding at least 90 % of its net assets in the index’s constituents across the full maturity spectrum. Because its performance is tied to real‑rate movements rather than equity markets, SCHP can serve investors who want a low‑correlation, inflation‑hedging component in a diversified portfolio, particularly those with a medium‑ to long‑term horizon and a focus on preserving purchasing power.