Charles Schwab International Dividend Equity ETF
Ticker: SCHY
Exchange: NYSE Arca
Expense ratio: 0.14%
Original filing date: December 21, 2020
Effective date: March 23, 2021
Listing Date: April 30, 2021
CUSIP: 808524672
Active: No
SCHY is launching on the 50th anniversary of Charles Schwab, capping a prominent history of innovation and accessible investing for the retail market.
Index / Benchmark: Dow Jones International Dividend 100 Index derived
from the Dow Jones Global ex-U.S. Large-Cap Index and Dow Jones Global ex-U.S.
Mid-Cap Index (excluding real estate investment trusts (REITs))
Investment Objective:
Track as closely as
possible, before fees and expenses, the total return of an index composed of
high dividend yielding stocks issued by companies outside the United States.
Investment Strategy / Index
Methodology:
Universe: Non-US large and mid cap companies excluding REITs.
High dividend yielding definition: Consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios, and then screened for lower volatility.
Filter criteria: 10 consecutive years of dividend payments, then:
400 securities with highest composite score based on four characteristics
- cash flow to total debt
- return on equity
- indicated dividend yield
- 5-year dividend growth rate
A volatility screen applied to determine 100 securities for the index.
85% / 15% developed markets / emerging markets allocation, respectively.
Constituents: 100
Adviser: Charles Schwab
Investment Management, Inc.
Portfolio Managers: Chuck Craig, Jane Qin, David Rios, Christopher Bliss, Paul Holmquist, CFA
Administrator: State Street Bank and Trust Company
Fund accountant: State Street Bank and Trust Company
Transfer agent: State Street Bank and Trust Company
Custodian: State Street Bank and
Trust Company
Distributor: SEI Investments
Distribution Co
Legal counsel: Dechert LLP
External accounting: Deloitte & Touche
LLP
Prospectus is here.
Summary Prospectus is here.
Product Page URL.
- LinkedIn: Henry Jim
- henry@etfhearsay.com
- Twitter: @ETFhearsay
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