SCHI delivers vanilla exposure to US investment-grade taxable corporate bonds. The index is composed of fixed rate, USD-denominated intermediate (5-10 years) debt and is weighted by market value. It includes non-US corporate issuers. The index excludes certain types of securities, including contingent capital securities, inflation-linked bonds, municipal securities, structured notes and pass-through certificates. The securities in the index are updated on the last business day of each month.