Symbols

SCHD

Schwab U.S. Dividend Equity ETF·NYSE

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Key Stats

Assets Under Management

72.02BUSD

Fund Flows (1Y)

5.87BUSD

Dividend Yield

2.91%

Discount/Premium to NAV

0.04%

Shares Outstanding

2.61B

Expense Ratio

0.06%

About Schwab U.S. Dividend Equity ETF

Issuer

Charles Schwab Investment Management, Inc.

Brand

Schwab

Home Page

https://www.schwabassetmanagement.com/products/schd

Inception Date

Oct 20, 2011

Structure

Open-Ended Fund

Index Tracked

Dow Jones U.S. Dividend 100 Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Charles Schwab Investment Management, Inc.

Distributor

SEI Investments Distribution Co.

SCHD is a market-cap-weighted fund whose selection universe only includes firms with a 10-year history of paying dividends. Within that universe, SCHD uses fundamental screens (cash-flow to debt ratio, ROE, dividend yield, and dividend growth rate) to build its portfolio. The objective is to focus on quality companies with sustainable dividends. As such, this approach gives the fund a modest large cap tilt and excludes REITs entirely. Individual securities are capped at 4% and sectors capped at 25% of the portfolio. Its overall composition is reviewed annually, while the portfolio is rebalanced quarterly.