Schwab announced today that it has added 25 ETFs to Schwab ETF
OneSource™, one of the first commission-free ETF programs1 in the
industry. Starting today, clients can access 539 ETFs covering 83
Morningstar Categories with $0 online commissions. Schwab ETF
OneSource continues to stand apart with no enrollment requirements,
no early redemption fees and no activity assessment fees.
“In Schwab’s 2019 ETF Investor Study, investors said a broad
selection of ETF categories and no additional fees are critical
differentiators when evaluating commission-free ETF programs2,”
said Kari Droller, vice president of third-party mutual fund and
ETF platforms at Schwab. “From day one, our priority with the
Schwab ETF OneSource program has been to provide a broad lineup of
commission-free ETFs that spans a variety of asset classes and
index weightings to make it simple for investors and advisors to
build highly diversified, commission-free ETF portfolios.”
Schwab ETF OneSource offers commission-free ETFs from 15 leading
providers: Aberdeen Standard Investments, ALPS, DWS Group,
Direxion, Global X Funds, IndexIQ, Invesco ETFs, iShares ETFs, John
Hancock Investment Management, J.P. Morgan Asset Management, PIMCO,
State Street Global Advisors SPDR® ETFs, USCF, WisdomTree and
Charles Schwab Investment Management. The 83 Morningstar categories
covered on Schwab ETF OneSource represent 98.79% of ETF assets in
the industry3.
The 25 ETFs added today are from seven providers and cover a
range of Morningstar categories including Muni National
Intermediate, Consumer Defensive, and Consumer Cyclical.
The funds added to Schwab ETF OneSource on July 9 are:
Fund Name
Ticker
Morningstar Category
Direxion FTSE Russell International Over
US ETF
RWIU
Foreign Large Blend
Direxion FTSE Russell US Over
International ETF
RWUI
Large Blend
Direxion MSCI Cyclicals Over Defensives
ETF
RWCD
Consumer Cyclical
Direxion MSCI Defensives Over Cycles
ETF
RWDC
Consumer Defensive
Direxion MSCI Developed Over Emerging
Markets ETF
RWDE
World Large Stock
Direxion MSCI Emerging Over Developed
Markets ETF
RWED
Diversified Emerging Markets
Direxion Russell 1000® Growth Over Value
ETF
RWGV
Large Growth
Direxion Russell 1000® Value Over Growth
ETF
RWVG
Large Value
Direxion Russell Large Over Small Cap
ETF
RWLS
Large Blend
Direxion Russell Small Over Large Cap
ETF
RWSL
Small Blend
Global X Cloud Computing ETF
CLOU
Technology
Global X MSCI Argentina ETF
ARGT
Miscellaneous Region
Global X MSCI China Financials ETF
CHIX
China Region
IQ MacKay Shields Municipal Insured
ETF
MMIN
Muni National Intermediate
IQ MacKay Shields Municipal Intermediate
ETF
MMIT
Muni National Intermediate
John Hancock Multifactor Media and
Communications ETF
JHCS
Communications
JPMorgan BetaBuilders 1-5 Year US
Aggregate Bond ETF
BBSA
Short-Term Bond
JPMorgan BetaBuilders Canada ETF
BBCA
Miscellaneous Region
JPMorgan BetaBuilders Developed Asia
ex-Japan ETF
BBAX
Pacific/Asia ex-Japan Stock
JPMorgan BetaBuilders Europe ETF
BBEU
Europe Stock
JPMorgan BetaBuilders Japan ETF
BBJP
Japan Stock
JPMorgan Core Plus Bond ETF
JCPB
Intermediate Core-Plus Bond
JPMorgan Corporate Bond Research Enhanced
ETF
JIGB
Corporate Bond
PIMCO Enhanced Low Duration Active ETF
LDUR
Short-Term Bond
SPDR® S&P Kensho New Economies
Composite ETF
KOMP
Technology
Schwab ETF OneSource Assets Continue to Grow
To date in 2019, Schwab ETF OneSource has added 285 funds to the
program, more than doubling the number of commission-free ETFs
available to clients compared to last year. Assets in Schwab ETF
OneSource were $182 billion as of May 31, 2019, up 81% compared to
the same period in 2018. Year to date flows into ETFs in Schwab ETF
OneSource are $13 billion, representing 70% of the total ETF flows
at Schwab.
A complete list of Schwab ETF OneSource ETFs is available
here.
About Schwab ETF OneSource
Schwab ETF OneSource offers investors and advisors access to
500+ commission-free ETFs. Commission-free online trading is
available to individual investors at Schwab, to approximately 7,000
independent investment advisors who use Schwab’s custodial services
and through Schwab retirement accounts that permit trading of
ETFs.
In addition to its commission-free program, Schwab offers a
range of resources to help clients choose ETFs that fit their
investment needs, including the Schwab ETF Select List™, tutorials,
education, research and tools available via Schwab’s online ETF
center, and live events at local Schwab branches.
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
Disclosures
Investors should consider carefully information contained in
the prospectus or, if available, the summary prospectus, including
investment objectives, risks, charges, and expenses. You can
request a prospectus by calling Schwab at 1‐800‐435‐4000. Please
read it carefully before investing.
Investment returns will fluctuate and are subject to market
volatility, so that an investor’s shares, when redeemed or sold,
may be worth more or less than their original cost. Unlike mutual
funds, shares of ETFs are not individually redeemable directly with
the ETF. Shares of ETFs are bought and sold at market price, which
may be higher or lower than the net asset value (NAV).
Schwab receives payments from the third-party ETF sponsors or
their affiliates participating in Schwab ETF OneSource for
recordkeeping, shareholder services and other administrative
services that Schwab provides to participating ETFs. Participating
firms may also make additional payments for other ETF-related
opportunities such as education and events and reporting. Schwab
promotes Schwab ETF OneSource to its customers, and a portion of
the fees paid to Schwab offsets some or all of Schwab's costs of
promoting and administering Schwab ETF OneSource. Schwab does not
receive payment to promote any particular ETF to its customers.
ETF sponsors or their affiliates participating in the Schwab ETF
OneSource program generally pay fees to Schwab that are comprised
of two components: (i) asset-based fees; and (ii) annual fixed
program fees or one-time establishment fees.
At times, Schwab may enter into alternative fee arrangements
with ETF sponsors or their affiliates for participation in ETF
OneSource; these alternative arrangements might include a flat fee
at the ETF or sponsor level. Regardless of how Schwab receives
compensation from the ETF sponsor, the overall fee Schwab expects
to receive from third party ETF sponsors for their participation in
ETF OneSource or for ETF-related opportunities generally ranges
from 0.04% to 0.08% per year. In addition, Schwab may waive
commissions for certain ETFs at its own discretion from time to
time, without payment of a separate fee by the ETF sponsor, and
will allow these ETFs to participate in ETF OneSource if the ETFs
meet Schwab’s internal objective criteria for inclusion.
Regardless, all participating firms receive the same benefits, and
the same potential conflicts exist regardless of fee structure.
Neither Schwab ETFs nor Charles Schwab Investment Management,
Inc. pay a fee to Schwab for the Schwab ETFs to participate in the
Schwab ETF OneSource program.
Schwab's use of the name or logo of any ETF sponsor or
individual ETF in Schwab ETF OneSource promotional and
informational materials prepared by Schwab is used under license.
Schwab’s inclusion of a particular ETF in ETF OneSource should not
be considered endorsement of any participating ETF or ETF sponsor
or a recommendation of any security. Except with respect to the
Schwab ETFs, Schwab is not affiliated with any participating ETF or
ETF sponsor.
ALPS Distributors, Inc. is the marketing agent for Aberdeen
Standard Silver ETF Trust, Aberdeen Standard Gold ETF Trust,
Aberdeen Standard Platinum ETF Trust, Aberdeen Standard Palladium
ETF Trust and the Aberdeen Standard Precious Metals Basket ETF
Trust. ALPS Distributors, Inc. is the distributor for the Aberdeen
Standard Investments ETFs.
Xtrackers ETFs are managed by DBX Advisors LLC (the Advisor),
and distributed by ALPS Distributors, Inc. (ALPS). The Advisor is a
wholly owned subsidiary of DWS Group GmbH & Co. KGaA, and is
not affiliated with ALPS.
Global X is a registered trademark of Global X Management
Company LLC.
IndexIQ® is an indirect wholly owned subsidiary of New York Life
Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS)
is the principal underwriter of the ETFs. NYLIFE Distributors LLC
is a distributor of the ETFs. NYLIFE Distributors LLC is located at
30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is
not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors
LLC is a Member FINRA/SIPC.
Invesco Distributors, Inc. is the US distributor for Invesco’s
retail products and private placements, and is an indirect, wholly
owned subsidiary of Invesco Ltd.
iShares® and BlackRock® are registered trademarks of BlackRock,
Inc. and its affiliates (“BlackRock”) and are used under
license.
John Hancock ETFs are distributed by Foreside Fund Services, LLC
in the United States, and are subadvised by Dimensional Fund
Advisors LP in all markets.
J.P. Morgan Exchange-Traded Funds are distributed by JPMorgan
Distribution Services, Inc., which is affiliated with JPMorgan
Chase & Co JPMorgan Distribution Services, Inc. is a member of
FINRA.
PIMCO Investments LLC, 1633 Broadway, New York, NY 10019, is a
company of PIMCO. PIMCO Investments LLC (“PI”), a U.S.
broker-dealer registered with the U.S. Securities and Exchange
Commission, serves as the principal underwriter for the U.S.
registered PIMCO Funds (“Funds”) and placement agent for the
PIMCO-sponsored private funds (the “Private Funds”). PIMCO® is a
trademark of Allianz Asset Management of America L.P. in the United
States and throughout the world. All rights reserved. PIMCO is not
affiliated with Charles Schwab Corporation or its affiliated
entities.
Standard & Poor’s®, S&P® and SPDR® are registered
trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
USCF®, the United States Commodity Funds®, INVEST IN WHAT'S
REAL® are registered trademarks of United States Commodity Funds
LLC. All rights reserved.
WisdomTree Investments, Inc., through its subsidiaries in the
U.S., Europe and Canada (collectively, “WisdomTree”), is an
exchange-traded fund (“ETF”) and exchange-traded product (“ETP”)
sponsor and asset manager headquartered in New York. WisdomTree
Funds are distributed by Foreside Fund Services, LLC in the U.S.
only.
Charles Schwab Investment Management, Inc., the investment
advisor for Schwab ETFs and Charles Schwab & Co., Inc. (Schwab)
are affiliates and are subsidiaries of the Charles Schwab
Corporation. Schwab ETFs are distributed by SEI Investments
Distribution Co. (SIDCO). SIDCO is not affiliated with The Charles
Schwab Corporation or any of its subsidiaries. Learn more at
schwab.com/Schwab ETFs.
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE:SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (Schwab), and affiliates offer a complete range of investment
services and products including an extensive selection of mutual
funds; financial planning and investment advice; retirement plan
and equity compensation plan services; compliance and trade
monitoring solutions; referrals to independent fee-based investment
advisors; and custodial, operational and trading support for
independent, fee-based investment advisors through Schwab Advisor
Services. Its banking subsidiary, Charles Schwab Bank (member FDIC
and an Equal Housing Lender), provides banking and lending services
and products. More information is available at www.schwab.com and
www.aboutschwab.com.
Brokerage Products: Not FDIC Insured • No
Bank Guarantee • May Lose Value
© 2019 Charles Schwab & Co., Inc., All rights reserved.
Member SIPC
2617296.1.1.AM.RTL
(0719-9R5C)
1 Conditions Apply: Trades in ETFs available through Schwab ETF
OneSource™ (including Schwab ETFs™) are available without
commissions when placed online in a Schwab account. Service charges
apply for trade orders placed through a broker ($25) or by
automated phone ($5). An exchange processing fee applies to sell
transactions. Certain types of Schwab ETF OneSource transactions
are not eligible for the commission waiver, such as short sells and
buys to cover (not including Schwab ETFs). Schwab reserves the
right to change the ETFs we make available without commissions. All
ETFs are subject to management fees and expenses. Please see
Charles Schwab Pricing Guide for additional information.
2 Charles Schwab 2019 ETF Investor Study ranking on what
investors say is most important when evaluating brokerages that
offer commission-free ETFs/a commission-free ETF platform, ranking
“Broad selection of ETF categories” and “No additional fees” as
“Extremely Important”.
3 Source: Morningstar data as of 6/1/2019.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190709005232/en/
Erin Montgomery Charles Schwab Phone: 212-403-9271
erin.montgomery@schwab.com
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Apr 2024 to May 2024
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From May 2023 to May 2024