Schwab U.S. Small-Cap ETF (SCHA) is an exchange-traded fund designed to track the performance of a broad index of U.S. small-cap equities. The ETF is managed by Charles Schwab Investment Management, Inc. and trades under the ticker SCHA on the NYSE Arca.

Classified as an international equity ETF, SCHA aims to reflect, before fees and expenses, the aggregated performance of the stocks included in the Dow Jones U.S. Small-Cap Total Stock Market Index, a benchmark representing small-cap companies listed on U.S. exchanges.

The reference index is weighted by free-float–adjusted market capitalization, giving higher representation to more liquid companies within the small-cap segment. The index undergoes periodic reviews for inclusion, exclusion, and rebalancing, a process tracked by the ETF.

Diversification and sector exposure

SCHA provides broad exposure to the U.S. small-cap universe, offering sector diversification across smaller companies with growth potential and varying business profiles. Sector allocation includes areas such as:

• Information technology.
  

• Consumer discretionary.
  

• Health care.
  

• Industrials.
  

• Communication services.
  

• Financials.
  

This composition reflects the wide range of economic segments represented by smaller-cap companies in the U.S. market.

Structure and costs

Shares of SCHA trade on the secondary market, while creation and redemption transactions are carried out by authorized participants, helping keep the ETF’s market price close to its net asset value (NAV).

The fund features a low and competitive management fee, typical of passive broad-market ETFs, and does not charge a performance fee. SCHA does not have multiple share classes and trades exclusively under the ticker SCHA.

History and evolution of the ETF

The Schwab U.S. Small-Cap ETF was launched to provide investors with an efficient way to access the performance of U.S. small-cap stocks through a single exchange-traded instrument.

Since inception, SCHA has consolidated liquidity and attracted institutional and individual investors seeking diversification and growth potential within the small-cap segment.

Over time, the ETF has maintained its focus on replicating its benchmark index, with periodic portfolio updates aligned with index revisions and no significant changes to its investment policy.

Additional Information

Schwab U.S. Small-Cap ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $22.94 billion.

Over the past 12 months, Schwab U.S. Small-Cap ETF recorded a return of 28.84%, with its price trading between $26.49 and $36.13 during the same period.

The ETF is traded under the ticker SCHA.