SCHG tracks the Dow Jones U.S. Large-Cap Growth index, charges 0.04%, and holds about $55 billion in assets. The fund provides exposure to the largest U.S. companies that screen as growth, weighted by market cap. Current holdings show heavy concentration, with NVIDIA at 11.82% and Apple, Microsoft, Amazon, and Alphabet among the largest positions. Although the fund holds 196 stocks, the top 10 names account for about 59% of the portfolio, so daily results are driven mainly by ten companies. Recent performance has benefited from strong gains in Alphabet and NVIDIA, while Microsoft has declined, illustrating how uneven outcomes among a few major holdings can dominate overall returns.
"SCHG's top 10 names drive 59% of the portfolio, which means more than half of what SCHG does on any given day is determined by ten companies, not 196."
"You own the largest U.S. companies that screen as growth, weighted by market cap, and ride whatever those names do. Current weights tell you what you actually own. NVIDIA sits at 11.82%, with Apple, Microsoft, Amazon, and Alphabet rounding out the top five."
"Over the past year SCHG returned 26%, while VUG returned 29% and IWF returned 27%. Over five years SCHG's 103% edges VUG's 96% and IWF's 97%. The three funds run the same race because they own essentially the same horses."
"Alphabet ran 133.58% over the trailing year and NVIDIA added 62.77%, while Microsoft, the third-largest holding, fell 8.5% over the same stretch and is down 13.49% year to date. The fund kept producing because two horses sprinted while one stumbled."
Read at 24/7 Wall St.
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