US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
Schwab SCHG Schwab US Large-Cap Growth ETF
Tracks the Dow Jones US Large-Cap Growth Total Stock Market Index — ~250 large-cap US growth stocks.
Updated Reviewed quarterly
About this fund
What is SCHG?
SCHG is the US-listed ticker for Schwab US Large-Cap Growth ETF, issued by Schwab. Tracks the Dow Jones US Large-Cap Growth Total Stock Market Index — ~250 large-cap US growth stocks. TER is 0.04% per year, with a trailing 12-month distribution yield of approximately 0.5%. Distributions are paid quarterly.
How to buy
Where can I buy SCHG from New Zealand?
Hatch NZ-built. US$3 flat per trade, ~0.5% FX.
Stake Commission-free US shares; ~0.7% FX.
Sharesies NZ + AU + US in one account; tiered subscription pricing.
Interactive Brokers Tiered commissions; FX margin ~0.002% (lowest published of platforms reviewed).
See the full platform comparison for fees, minimums, and supported markets across all 11 NZ-accessible brokers.
NZ tax
How is SCHG taxed for NZ investors?
SCHG is US-listed, so it sits in the Foreign Investment Fund (FIF) regime once your overseas-share holdings exceed NZ$50,000 cost basis. Below that threshold, the FIF regime does not apply and you pay tax on dividends only.
Above NZ$50K cost basis, most NZ retail investors use the Fair Dividend Rate (FDR) method — deemed income = 5% × opening market value × your marginal tax rate. FDR vs CV method →
US dividends carry 15% US withholding tax under the NZ–US tax treaty (file a W-8BEN with your broker; without it, the rate is 30%). The 15% can be claimed as a foreign tax credit on your IR3.
Tax outcomes depend on your portfolio size, marginal rate, and FDR-vs-CV election. See PIE vs FIF for the full comparison and consult a registered NZ tax adviser for personalised guidance.
FAQ
Common questions about SCHG
What is the SCHG ETF? ⌄
SCHG is the Schwab US Large-Cap Growth ETF — it tracks the Dow Jones US Large-Cap Growth Total Stock Market Index, holding ~250 large-cap US growth stocks (Apple, Microsoft, Nvidia, Amazon, Meta, etc). TER is 0.04% (one of the lowest in the growth-ETF category), distributions paid quarterly. Yield ~0.5%.
SCHG vs VOOG vs IVW — which growth ETF? ⌄
SCHG (Schwab, 0.04% TER) tracks Dow Jones US Large-Cap Growth — broader scope, includes mid-caps. VOOG (Vanguard, 0.10% TER) tracks S&P 500 Growth — narrower, limited to S&P 500 names only. IVW (iShares S&P 500 Growth, 0.18% TER) tracks the same index as VOOG at higher cost. For pure cost minimisation, SCHG wins. For precise S&P 500 Growth exposure, VOOG.
Can NZ residents buy SCHG? ⌄
Yes. SCHG is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply. The growth-stock low-yield profile (~0.5%) means lower US dividend withholding drag than dividend-focused ETFs.
Should I hold SCHG alongside VOO? ⌄
SCHG overlaps heavily with VOO on the growth side — Apple, Microsoft, Nvidia all top holdings in both. Holding SCHG on top of VOO essentially overweights large-cap growth in your portfolio. Some investors do this for a deliberate growth tilt; others prefer broader exposure (VOO or VTI alone). Whether the growth tilt persists in long-term return profile is contested in academic finance — historically growth has outperformed value during low-rate periods, the opposite during high-rate periods.