Schwab U.S. Dividend Equity ETF is an exchange-traded fund that seeks to track the total return of the Dow Jones U.S. Dividend 100 Index. The fund focuses on high dividend-yielding U.S. companies with a demonstrated history of consistent dividend payments and emphasizes issuers with strong fundamentals, assessed using financial ratios such as cash flow, return on equity, and dividend growth metrics. It typically holds a concentrated portfolio of large-cap and mid-cap equities across sectors including industrials, financials, healthcare, and consumer staples, reflecting the composition of its underlying index. Schwab U.S. Dividend Equity ETF is designed for investors seeking diversified exposure to dividend-focused U.S. equities within a single, rules-based vehicle, and it follows a passive management approach by investing at least 90% of its assets in securities included in its benchmark index. The fund is part of the Schwab ETFs family and operates within the large value category in the equity market.