SCHD's 0.06% Fee Hides the Real Cost: March's 31% Reshuffle Sold Two Top-10 Holdings Out From Under Holders

The article argues that a quiet event involving SCHD in March may have imposed a substantially larger cost on dividend investors than the ETF's 0.06% expense ratio over a decade. The available text does not specify the March event, its financial magnitude, or the affected holdings, but frames it as a potentially material overlooked risk for SCHD investors.