- SCHK is an ultra-low-cost investment vehicle with an equity blend encompassing 1000 U.S. heavyweights possessing both value and growth characteristics.
- SCHK tracks the in-house developed proprietary benchmark, the float-adjusted market-cap-weighted Schwab 1000 Index. Its methodology is rather similar to the one used by FTSE Russell for its famous Russell 1000 index.
- SCHK is a better option for long-term investors than its peer IWB given they have almost akin portfolios and a 5% turnover, while IWB's expenses ratio is 3x higher.
For further details see:
SCHK: Cheap Exposure To 1000 Top U.S. Companies