Looking to reach your financial goals, whatever they may be, as early as possible?

Ready to fire up your financial freedom? The Foundation Series US Dividend Equity Fund is tailored for Kiwis on the path to F.I.R.E. (Financial Independence Retire Early), offering quarterly distributions and value-focused growth to help you achieve your goals faster.

  • New Zealand’s first PIE Fund to offer tax-efficient exposure to the Schwab U.S. Dividend Equity ETF
  • The Schwab U.S. Dividend Equity ETF is one of the world’s most popular dividend investment options
  • Tracks the Dow Jones US Dividend 100 Index, providing exposure to 100 US dividend paying companies, with a focus on the quality and sustainability of the dividends

Foundation Series US Dividend Equity Fund – Key Features:

  • NZ first offer of the popular Schwab U.S. Dividend Equity ETF (SCHD) in a PIE Fund – which caps your investment tax rate at just 28%.
  • SCHD is one of the most popular dividend investment options in the world with over US $70 billion in assets
  • Features management fees of just 0.06% p.a. with 0.50% buy/sell transaction fees to optimise costs for long-term investors.
  • SCHD combines strong historical performance with reliable income, delivering an annual distribution yield (trailing twelve months) of 3.82% (as at 31 December 2025), and 13 consecutive years of distribution growth.
  • No tax returns required, as PIE tax is a final tax.

Distributions

SCHD combines strong historical performance with reliable income, delivering an annual distribution yield (trailing twelve months) of 3.82% (as at 31 December 2025), and a distribution payout history that includes 13 consecutive years of growth.

You can view the full SCHD distribution history here.

Annualised Distribution Payout²

SCHD Price at 31 December 2025

Annual Distribution Yield
$1.05 $27.43 3.82%

¹ The distribution amount for 2024 onwards is based on the split-adjusted distribution that one share would’ve received to prior to the 3:1 share split that occurred in October 2024.
² Based off the Trailing Twelve Months (TTM) distribution history as at 31 December 2025.

Charles Schwab Investment Management believes this information to be accurate, and is not responsible for any errors. Charles Schwab Investment Management, Inc. and its affiliates are not responsible for subsequent alternative uses of this data beyond this instance.

Fund Fees

Management Fees: 0.06% P.A.
Buy/Sell Transaction Fees: 0.50% on each investment and redemption

While choosing your investments and service provider, it is important to consider the overall cost of the investment, which includes management fees, tax efficiency, platform fees etc.

You can view and download the Product Disclosure Statement (PDS) for the Foundation Series Funds here.

Please note:

InvestNow does not provide personalised investment advice. We are one component of a person’s financial landscape and actively promote that our customers seek personalised advice from qualified advisers external to InvestNow.

The issuer and manager of the Foundation Series Funds scheme is FundRock NZ Limited. For product disclosure statements go to investnow.co.nz/foundationseries. All investments involve risk.

The Foundation Series US Dividend Equity Fund is subject to Buy/Sell Transaction Fees of 0.50% on all investments (Buy Transaction Fee) and 0.50% on all redemptions (Sell Transaction Fee).

Neither FundRock NZ Limited nor any other party guarantees any returns.