As of yet there is no indication as to what the dividend declaration is to be on this fund, just the acknowlegement by Schwab that 12/24 is to be the ex date. So many of these Div Yield ETFs have uneven distributions and pay out sized distributions either at the end of the year or at mid year. This really makes it hard to figure out what the TTM yields actually are in any newer funds for up to and beyond the first 18 months of existence. Additionally the forward 12 month projected yield is then not really very easy to "ESTIMATE" either. So it seems that on some level or just because SCHD uses the same metrics for picks The top 20 holdings of SCHD & MGV are nearly identical, with MGV attempting perhaps to slant itself to a slightly more global focus. Of course the weightings differing by a few basis points. So my question is also what is Schwab really doing here? Are they just copy catting a strong performing Vanguard product and cutting the fees & E/Rs in half or by more? Are they actually doing the work of stock picking or letting MGV do that for them and then adjusting the weightings by small fractions to appear to be something different than MGV?