US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
Schwab SCHZ Schwab US Aggregate Bond ETF
Tracks the Bloomberg US Treasury 3-10 Year Index — intermediate-duration US Treasury debt.
Updated Reviewed quarterly
About this fund
What is SCHZ?
SCHZ is the US-listed ticker for Schwab US Aggregate Bond ETF, issued by Schwab. Tracks the Bloomberg US Treasury 3-10 Year Index — intermediate-duration US Treasury debt. TER is 0.03% per year, with a trailing 12-month distribution yield of approximately 4.2%. Distributions are paid monthly.
Next typical distribution: August.SCHZ typically pays every month. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy SCHZ 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 SCHZ taxed for NZ investors?
SCHZ 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 SCHZ
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 |
|---|---|---|---|---|---|---|
| NZB | NZ Bonds (NZB) Smartshares · NZX | 0.54% | 2.5% | Quarterly | PIE | SCHZ vs NZB |
| NGB | NZ Govt Bonds (NGB) Smartshares · NZX | 0.20% | 3.1% | Quarterly | PIE | SCHZ vs NGB |
| HYG | HYG iShares · NYSE Arca | 0.49% | 6.6% | Monthly | FIF | SCHZ vs HYG |
| BND | BND Vanguard · NASDAQ | 0.03% | 4.5% | Monthly | FIF | SCHZ vs BND |
| SGOV | SGOV iShares · NYSE Arca | 0.09% | 3.5% | Monthly | FIF | SCHZ vs SGOV |
Distribution history
Last 12 distributions — SCHZ
SCHZ typically distributes every month. 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: August. 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 SCHZ product page — corporate actions + distribution announcements
- Schwab SCHZ fact sheet PDF — historical distribution table
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about SCHZ
What is the SCHZ ETF? ⌄
SCHZ is the Schwab Intermediate-Term U.S. Treasury ETF — it tracks the Bloomberg US Treasury 3-10 Year Index, holding intermediate-duration US government debt. TER is 0.03%, distributions paid monthly. Suited to investors wanting exposure to US Treasury credit-quality fixed income with moderate duration.
Can NZ residents buy SCHZ? ⌄
Yes. SCHZ is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Once your overseas-share holdings exceed NZ$50,000 cost basis, FIF rules apply. File a W-8BEN with your broker to apply the 15% NZ–US tax-treaty withholding rate to distributions.
Is SCHZ suited to fixed-income exposure? ⌄
Treasury ETFs like SCHZ provide exposure to US government-backed debt — historically considered the safest credit profile in the dollar fixed-income market. Intermediate-term funds (3-10 year duration) are typically less rate-sensitive than long-duration funds (TLT) but more so than short-duration funds (SGOV). The decision between them turns on your view of US interest rates and your time horizon.
How are SCHZ distributions taxed in NZ? ⌄
Above NZ$50K cost basis, FIF rules apply (FDR method most common — 5% of opening MV × your marginal rate). Below that threshold, distributions are taxed as ordinary income. US Treasury distributions are interest income, not qualified dividends, so the 15% US withholding rate may not apply — confirm with your broker's tax statements.
Where to buy SCHZ from New Zealand
The platforms below all support SCHZ. 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 →
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Sources for this SCHZ 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).
Issuer product page
schwabassetmanagement.com/products/schz
Fact sheet (PDF)
schwabassetmanagement.com/products/schz
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
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Higher-yield equity income alternative (covered-call strategy).
NZ ETFs by TER
Lowest-cost NZX-listed funds (sorted by expense ratio).
FIF tax explained
When the FIF regime applies (NZ$50K threshold) and how to file.
PIE vs FIF — full guide
Side-by-side on which structure applies to which fund.
Compare NZ platforms
Hatch, Sharesies, Kernel, Stake, Interactive Brokers — fee + market access table.
