US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
Schwab SCHE Schwab 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 0.11% per year, with a trailing 12-month distribution yield of approximately 3.0%. Distributions are paid quarterly.
Next typical distribution: June.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 |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Hatch Hatch | 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) |
 Stake Stake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive Brokers Interactive 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 Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB 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.
US dividends carry 15% (source) withholding under the NZ–US tax treaty (file W-8BEN; default rate without it is 30% (source) ). The withheld amount can be claimed as a foreign tax credit on your IR3.
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 |
|---|---|---|---|---|---|---|
| EMG | Emerging Markets (EMG) Smartshares · NZX | 0.59% | — | Quarterly | PIE | SCHE vs EMG |
| SCHD | SCHD Schwab · NYSE Arca | 0.06% | 3.5% | Quarterly | FIF | SCHE vs SCHD |
| SCHZ | SCHZ Schwab · NYSE Arca | 0.03% | 4.2% | Monthly | FIF | SCHE vs SCHZ |
| SCHG | SCHG Schwab · NYSE Arca | 0.04% | 0.5% | Quarterly | FIF | SCHE vs SCHG |
| SPY | SPY State Street · NYSE Arca | 0.09% | 1.3% | 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 do not yet aggregate per-payment history into the canonical dataset on this site — that work is gated on the live-data-feed roadmap item (#42 in our roadmap).
Next typical distribution month: June. 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
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 0.11%, distributions paid quarterly. Yield ~3.0%.
SCHE vs VWO — what's the difference? ⌄
Both track FTSE emerging-market indices. SCHE (Schwab) charges 0.11% 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 Brokers Fees + platform details verified against each provider's published rate card. Always check the current schedule before transacting. Full platform comparison →
Sources for this SCHE data
Every TER, yield, and holdings figure on this page traces to one of the documents below. We do not pull live prices; the data is reviewed monthly against issuer fact sheets and exchange listings (last reviewed 2026-05-04).
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
