Schwab International Equity ETF (SCHFX) price

SCHFX tracks Schwab International Equity ETF, a fund that holds stocks listed outside the United States. Its price is quoted in US dollars, so it moves with both the shares it holds and the exchange rate between the dollar and those shares' local currencies.

Many of the fund's holdings trade on exchanges in other time zones, so during US hours the fund's price partly reflects estimates of where those shares will trade next.

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SCHFX contract address

XsWAnFM77x6YvpdaZoos79R12o4Yj4r7EVkaTWddzhU

Ticker

SCHFX

Issuer

xStocks

Status

Verified

SCHFX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. SCHFX tracks the price of Schwab International Equity ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping SCHFX, and it does not issue, back, or custody the token.

The price of SCHFX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Backed Finance folds it into the token instead of paying it out, so each SCHFX comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

SCHFX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of SCHFX comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for SCHFX is 1.0042. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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