Showing posts with label SEI. Show all posts
Showing posts with label SEI. Show all posts

Wednesday, April 28, 2021

Charles Schwab to list new ETF, first since 2019

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.




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