SCHD US

Schwab U.S. Dividend Equity ETF Guide (SCHD) and Details

Last updated: 2026-10-10

Overview

The Schwab U.S. Dividend Equity ETF (SCHD) offers exposure to U.S. companies chosen for their dividend records and financial strength. Its portfolio spans sectors including consumer defensive, healthcare, energy and technology, while a substantial share of assets sits in its largest holdings. For Australian investors, the fund also brings U.S.-dollar exposure alongside the risks of an equity and dividend-focused strategy.

Category

SCHD is an equity ETF centred on high-dividend-yielding U.S. companies with a record of consistent dividend payments. The selection approach also considers companies’ financial strength relative to peers, using financial ratios. This blends an income-oriented screen with a quality-oriented filter, while retaining the market and sector risks of owning shares.

Dividend-focused equity strategies offer a different lens from broad-market investing: they select shares partly for their dividend characteristics and, in SCHD’s case, financial strength. That focus can shape both income potential and sector exposure, and does not remove the risks associated with share markets.

Key facts

Ticker
SCHD
Exchange
US
ISIN
US8085247976
Provider
Schwab ETFs
Domicile
United States
Currency
USD
Inception date
2011-10-20
Use of income
NA
UCITS
No
Holdings count
49

Costs

TER
0.05%
Net expense ratio
0.05%
AUM
108.7B

SCHD’s stated total expense ratio is 0.05%. Fund costs are one consideration; they do not capture market movements, currency effects or any costs an investor may incur when buying or holding the ETF.

 

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Performance

YTD
21.5%
1 year
24.1%
3 years
15.6%
5 years
9.2%
10 years
12.5%
Dividend yield
3.38%
Top 10 concentration
40.9%

Holdings

  1. Texas Instruments Incorporated4.85%
    Ticker
    TXN
    Sector
    Technology
    Country
    United States

  2. Qualcomm Incorporated4.35%
    Ticker
    QCOM
    Sector
    Technology
    Country
    United States

  3. Procter & Gamble Company4.09%
    Ticker
    PG
    Sector
    Consumer Defensive
    Country
    United States

  4. The Coca-Cola Company4.24%
    Ticker
    KO
    Sector
    Consumer Defensive
    Country
    United States

  5. Chevron Corp4.22%
    Ticker
    CVX
    Sector
    Energy
    Country
    United States

  6. UnitedHealth Group Incorporated3.90%
    Ticker
    UNH
    Sector
    Healthcare
    Country
    United States

  7. ConocoPhillips3.77%
    Ticker
    COP
    Sector
    Energy
    Country
    United States

  8. Merck & Company Inc3.82%
    Ticker
    MRK
    Sector
    Healthcare
    Country
    United States

  9. Verizon Communications Inc3.91%
    Ticker
    VZ
    Sector
    Communication Services
    Country
    United States

  10. Amgen Inc3.79%
    Ticker
    AMGN
    Sector
    Healthcare
    Country
    United States

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The portfolio holds 49 shares, with its top 10 accounting for 40.941% of assets. Leading positions include Texas Instruments, Qualcomm, Procter & Gamble, Coca-Cola and Chevron. Consumer defensive and healthcare are the largest sector exposures, followed by energy, leaving the portfolio meaningfully exposed to a handful of sectors and large holdings.

Regions

  • North America97.3%

  • Europe Developed0.2%

  • Latin America0.1%

  • Japan0.0%

  • Australasia0.0%

  • Asia Emerging0.0%

  • Asia Developed0.0%

  • United Kingdom0.0%

  • Europe Emerging0.0%

  • Africa/Middle East0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Asset allocation

  • Stock US100.0%

  • Stock non-US0.2%

  • Cash0.0%

  • Bond0.0%

  • Other0.0%

  • NotClassified0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

  • Consumer Defensive19.7%

  • Healthcare19.6%

  • Energy16.0%

  • Technology15.9%

  • Financial Services9.2%

  • Industrials7.3%

  • Consumer Cyclicals6.9%

  • Communication Services6.0%

  • Utilities0.1%

  • Real Estate0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Buy this ETF

Risks

Who it may suit

SCHD may interest investors researching U.S. shares selected for dividend payments and financial strength, and who are comfortable with U.S.-market and currency exposure. It is a focused equity fund, not a cash substitute or a guaranteed source of income.

Key risks

SCHD remains exposed to share-price losses, and its dividend yield is not guaranteed. Its sizeable top-10 concentration and notable consumer-defensive, healthcare and energy exposures mean that company- or sector-specific weakness may affect results. Australian investors also face currency movements between the U.S. dollar and Australian dollar; the fund’s U.S. domicile may have tax and other implications that investors should understand.

FAQ

What does SCHD focus on?

SCHD focuses on U.S. companies selected for dividend payments and fundamental strength. Its approach is aimed at dividend-paying shares rather than the broad U.S. share market.

How concentrated is the portfolio?

The fund holds 49 shares, and its top 10 holdings make up 40.941% of assets. Its largest sector exposures are consumer defensive, healthcare and energy.

What should Australian investors consider?

SCHD is a U.S.-domiciled ETF traded in U.S. dollars, so changes in the Australian dollar against the U.S. dollar can affect returns in Australian dollars. Dividend payments and share prices can also vary, and past performance does not guarantee future results.

*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.

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