ProShares, a premier provider of alternative ETFs, today announced that
five of its ETFs will now be available commission-free1 to
Charles Schwab clients through Schwab ETF OneSourceTM.
“ProShares is excited to offer five of our ETFs commission-free to
investors and advisors through Schwab ETF OneSource,” said Michael L.
Sapir, Chairman and CEO of ProShare Advisors LLC. “These ETFs give
investors the opportunity to build better portfolios with strategies
that can help reduce volatility, manage risk and potentially enhance
returns.”
Heather Fischer, Vice President of ETF Platform Management at Charles
Schwab, said, “We are delighted to welcome ProShares to Schwab ETF
OneSource. ProShares’ ETFs offer investors exposure to various
alternative strategies and asset classes, which our clients can now
access commission-free.”
ProShares’ five participating funds are:
-
S&P 500 Aristocrats ETF (NOBL), the first fund to invest in
a select group of S&P 500 companies that have increased their
dividends for 25 consecutive years.
-
DJ Brookfield Global Infrastructure ETF (TOLZ), the first ETF
to offer the benefits of pure-play infrastructure by investing
exclusively in companies whose primary business is the ownership or
operation of basic infrastructure assets.
-
High Yield Interest Rate-Hedged (HYHG), which provides exposure
to high yield bonds with a built-in hedge against rising interest
rates.
-
Large Cap Core Plus (CSM), a Morningstar five-star-rated fund
that offers investors an alternative approach to conventional large
cap investing.
-
RAFI Long/Short (RALS), a long/short ETF that uses fundamental
measures of company size (sales, dividends, cash flow and book value)
instead of market cap weighting to invest in a portfolio of stocks.
Schwab ETF OneSource has been strongly embraced by investors since its
launch in early 2013. As of August 31, 2014, Schwab ETF OneSource has
$31 billion in assets under management, and year-to-date flows into ETFs
in the program were $5.9 billion, representing 45% of the total ETF
flows at Schwab.
About ProShares
ProShares offers the nation's largest lineup of alternative ETFs. We
help investors to go beyond the limitations of conventional investing
and face today's market challenges. ProShares helps investors build
better portfolios by providing access to alternative investments
delivered with the liquidity, transparency and cost effectiveness of
ETFs. Our lineup of over 145 alternative ETFs can help you reduce
volatility, manage risk and enhance returns.
About Schwab ETF OneSource
Schwab ETF OneSource offers investors and advisors access to the most
commission-free ETFs anywhere in the industry1.
Commission-free online trading is available to individual investors at
Schwab, to the nearly 7,000 independent investment advisors who use
Schwab’s custodial services, and through Schwab retirement accounts that
permit trading of ETFs.
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 the ETF Education Exchange®; and live events at local
Schwab branches.
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.
Investing involves risk, including the possible loss of principal.
ProShares ETFs are generally non-diversified and each entails certain
risks, which may include risk associated with the use of derivatives
(swap agreements, futures contracts and similar instruments), imperfect
benchmark correlation, leverage and market price variance. International
investments may involve risks from geographic concentration, differences
in valuation and valuation times, unfavorable fluctuations in currency,
differences in generally accepted accounting principles, and from
economic or political instability. In emerging markets, all these risks
are heightened, and lower trading volumes may occur. Narrowly focused
investments typically exhibit higher volatility. Bonds will decrease in
value as interest rates rise. High yield bonds may involve greater
levels of credit, liquidity and valuation risk than for higher-rated
instruments. Short positions lose value as security prices increase.
These risks can increase volatility and decrease performance. Please see
summary and full prospectuses
for a more complete description of risks. There is no guarantee any
ProShares ETF will achieve its investment objective.
Carefully consider the investment objectives, risks, charges and
expenses of ProShares before investing. This and other information can
be found in their summary and full prospectuses. Read them carefully
before investing.
CSM rated 5 stars for the 3-year period ending June 30, 2014 among 146
U.S. long/short equity funds. © 2014 Morningstar, Inc. All Rights
Reserved. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or
distributed; and (3) is not warranted to be accurate, complete or
timely. Neither Morningstar nor its content providers are responsible
for any damages or losses arising from any use of this information. The
Morningstar Rating™ is provided for those ETFs with at least a 3-year
history. Ratings are based on the ETF's Morningstar Risk-Adjusted Return
measure, which accounts for variation in monthly performance. The fund's
performance and rating are calculated based on net asset value (NAV),
not market price. An ETF's risk-adjusted return includes a brokerage
commission estimate. This estimate is intended to reflect what an
average investor would pay when buying or selling an ETF. This estimate
is subject to change, and the actual commission an investor pays may be
higher or lower. Morningstar compares each ETF's risk-adjusted return to
the open-end mutual fund rating breakpoints for that category. The top
10% of ETFs in each category receive 5 stars, the next 22.5% receive 4
stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and
the bottom 10% receive 1 star. The overall rating for an ETF is based on
a weighted average of the time-period ratings (e.g., the ETF's 3-year
rating). The determination of an ETF's rating does not affect the retail
open-end mutual fund data published by Morningstar. Past performance is
no guarantee of future results.
ProShares are distributed by SEI Investments Distribution Co., which is
not affiliated with the funds' advisor.
Copyright Business Wire 2014