US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
SchwabSCHESchwab Emerging Markets Equity ETF
Tracks the FTSE Emerging Index — large + mid-cap stocks across 20+ emerging markets.
Updated Reviewed quarterly
About this fund
What is SCHE?
SCHE is the US-listed ticker for Schwab Emerging Markets Equity ETF, issued by Schwab. Tracks the FTSE Emerging Index — large + mid-cap stocks across 20+ emerging markets. TER is 0.06% per year. Distributions are paid quarterly.
Next typical distribution: December.SCHE typically pays in Mar · Jun · Sep · Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy SCHE from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is SCHE taxed for NZ investors?
SCHE is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000(source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to SCHE
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| EMF | Emerging Markets (EMF) Smartshares · NZX | 0.59% | 1.6% | Semi-annual | PIE | SCHE vs EMF |
| SCHD | SCHD Schwab · NYSE Arca | 0.06% | — | Quarterly | FIF | SCHE vs SCHD |
| SCHZ | SCHZ Schwab · NYSE Arca | 0.03% | — | Monthly | FIF | SCHE vs SCHZ |
| SCHG | SCHG Schwab · NYSE Arca | 0.04% | — | Quarterly | FIF | SCHE vs SCHG |
| SPY | SPY State Street · NYSE Arca | 0.09% | — | Quarterly | FIF | SCHE vs SPY |
Distribution history
Last 12 distributions — SCHE
SCHE typically distributes mar · jun · sep · dec. Per-payment history (amount + ex-date + payment date for the last 12 distributions) is published authoritatively on the issuer's own fact sheet and corporate-actions page. We have not yet verified a per-payment history for this fund against the issuer's records, so we point at the authoritative sources below rather than estimating.
Next typical distribution month: December. The exact ex-date and payment date are set by Schwab — verify on the issuer source below before relying on a specific date.
Authoritative sources for distribution history
- Schwab SCHE product page — corporate actions + distribution announcements
- Schwab SCHE fact sheet PDF — historical distribution table
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about SCHE
What is the SCHE ETF?⌄
SCHE is the Schwab Emerging Markets Equity ETF — it tracks the FTSE Emerging Index, holding ~1,500 large- and mid-cap stocks across 20+ emerging markets (India, Taiwan, China A-shares, Brazil, South Africa, etc). TER is 0.06%, distributions paid quarterly. Yield ~—.
SCHE vs VWO — what's the difference?⌄
Both track FTSE emerging-market indices. SCHE (Schwab) charges 0.06% TER; VWO (Vanguard) is slightly lower — verify the current VWO TER on Vanguard's fact sheet before deciding. SCHE has slightly lower trading volume but tighter NZ-investor pricing on some platforms. For buy-and-hold investors small TER differences compound over decades; both are reasonable choices.
Can NZ residents buy SCHE?⌄
Yes. SCHE is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50K cost basis FIF rules apply — most NZ investors use the FDR method. File a W-8BEN to apply the 15% NZ–US treaty withholding rate to distributions.
Why include emerging markets in an NZ portfolio?⌄
Emerging markets historically have lower correlation to NZ + US equities and higher long-term return potential, with materially higher volatility. They give exposure to China, India, Brazil, Indonesia and other economies underweighted in S&P 500 / NZX-50 indices. Typical portfolio allocations are 5-15% of equities; suitable share depends on time horizon and risk tolerance.
Where to buy SCHE from New Zealand
The platforms below all support SCHE. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch
Sharesies
Interactive Brokers
Stake
Tiger BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
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Sources for this SCHE data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-07-05). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ○Total expense ratioNot independently verified — check the issuer documents below before relying on it. We review unsourced figures by 2027-03-04; if no issuer publishes one by then, this figure is removed rather than left standing.
Issuer product page
schwabassetmanagement.com/products/sche
Fact sheet (PDF)
schwabassetmanagement.com/products/sche
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
SCHE against the alternatives
2 side-by-side comparisons covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| SCHE vs VXUS | VXUS | 0.05% |
| SCHE vs EMF | Emerging Markets (EMF) | 0.59% |
