Schwab U.S. Dividend Equity ETF (SWVXX) can be considered a growth and income fund. The ETF's investment strategy focuses on dividend-paying stocks with a consistent dividend growth approach, which aligns with the characteristics of a growth and income fund. The fund's performance, with a percentage change of 1.18% as of October 11, 2024, and its dividend yield of 3.47%, support its classification in this category.
Moreover, the fund's low expense ratio of 0.06% and its investment in a diversified portfolio of large-cap U.S. stocks make it a suitable candidate for a growth and income fund. The fund's consistent returns and low fees align with the characteristics of a growth and income fund.
In conclusion, Schwab U.S. Dividend Equity ETF (SWVXX) is a growth and income fund due to its investment strategy, performance, and low expense ratio.
10/13/2024 05:08pm
