The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund (ETF) managed by Charles Schwab Investment Management. The ETF seeks to track the performance of the Dow Jones U.S. Dividend 100 Index, which is composed of 100 high dividend-yielding U.S. stocks. SCHD primarily invests in large-cap U.S. companies that have a consistent track record of paying dividends, making it a popular choice for income-seeking investors.