Schwab announced today that starting on February 1, 2015, it will add 18
more ETFs to Schwab ETF OneSource, the program that offers investors the
most commission-free* ETFs anywhere in the industry. Next week,
investors will be able to access 198 ETFs covering 64 Morningstar
Categories for $0 online trade commissions. Schwab does not have any
enrollment requirements or charge early redemption fees for the ETFs in
the program – two key differentiators for investors comparing similar
commission-free ETF programs.
“Nearly two years and two hundred commission-free ETFs after launching
Schwab ETF OneSource, investors are embracing the choice and value it
offers,” said Heather Fischer, Vice President of ETF Platform Management
at Charles Schwab. “The traction we’ve been able to achieve in a
relatively short period speaks volumes about the importance of cost when
it comes to selecting an ETF, and we are excited to be able to continue
to expand this program to meet investor demand.”
Schwab ETF OneSource has $38 billion in assets under management as of
December 31, 2014. Flows into ETFs in the program were over $10 billion
in 2014, representing 43 percent of the total ETF flows at Schwab.
Schwab ETF OneSource includes funds from 13 leading providers – ALPS
Advisors, Inc., Direxion Investments, ETF Securities, Global X
Management Company, LLC, Guggenheim Investments, IndexIQ, PIMCO,
PowerShares, ProShares, State Street SPDR®, United States Commodity
Funds, WisdomTree and Charles Schwab Investment Management.
The new additions to Schwab ETF OneSource complement the current line-up
by providing commission-free access to momentum ETFs, additional single
countries ETFs, a Bullish Dollar ETF and non-traditional Bond ETFs, to
name a few.
Five current providers – Direxion Investments, PowerShares, ProShares,
State Street SPDR® and WisdomTree – are adding the following ETFs to
Schwab ETF OneSource:
Fund Name
|
|
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Ticker
|
|
|
Morningstar Category
|
Direxion iBillionaire Index ETF
|
|
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IBLN
|
|
|
Large Blend
|
PowerShares DWA Developed Markets Momentum Portfolio
|
|
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PIZ
|
|
|
Foreign Large Growth
|
PowerShares DWA Emerging Markets Momentum Portfolio
|
|
|
PIE
|
|
|
Diversified Emerging Mkts
|
PowerShares DWA Momentum Portfolio
|
|
|
PDP
|
|
|
Mid-Cap Growth
|
PowerShares DWA SmallCap Momentum Portfolio
|
|
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DWAS
|
|
|
Small Growth
|
PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio
|
|
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PAF
|
|
|
Pacific/Asia ex-Japan Stk
|
ProShares Investment Grade—Interest Rate Hedged
|
|
|
IGHG
|
|
|
Nontraditional Bond
|
ProShares Morningstar Alternatives Solution ETF
|
|
|
ALTS
|
|
|
Multialternative
|
SPDR® BofA Merrill Lynch Crossover Corporate Bond ETF
|
|
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XOVR
|
|
|
Corporate Bond
|
SPDR® MSCI Mexico Quality Mix ETF
|
|
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QMEX
|
|
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Miscellaneous Region
|
SPDR® MSCI South Korea Quality Mix ETF
|
|
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QKOR
|
|
|
Miscellaneous Region
|
SPDR® MSCI Taiwan Quality Mix
|
|
|
QTWN
|
|
|
Miscellaneous Region
|
SPDR Russell Small Cap Completeness® ETF
|
|
|
RSCO
|
|
|
Mid-Cap Blend
|
SPDR® MSCI ACWI Low Carbon Target ETF
|
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LOWC
|
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World Stock
|
WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund
|
|
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AGZD
|
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Nontraditional Bond
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WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund
|
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HYZD
|
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Nontraditional Bond
|
WisdomTree Bloomberg U.S. Dollar Bullish Fund
|
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USDU
|
|
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Multicurrency
|
WisdomTree Global ex-U.S. Dividend Growth Fund
|
|
|
DNL
|
|
|
Foreign Large Blend
|
A complete list of Schwab ETF OneSource ETFs is available here.
About Schwab ETF OneSource
Schwab ETF OneSource offers investors and advisors access to the most
commission-free ETFs anywhere in the industry. As of December 31, 2014,
Schwab ETF OneSource has $38 billion in assets under management.
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.
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.
More information is available at www.aboutschwab.com.
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DISCLOSURES:
Investors should consider carefully information contained in the
prospectus, including investment objectives, risks, charges, and
expenses. You can obtain a prospectus by visiting schwab.com
or calling 800-435-4000. Please read the prospectus carefully before
investing.
Charles Schwab & Co., Inc. receives remuneration from third-party ETF
companies participating in Schwab ETF OneSource for recordkeeping,
shareholder services, and other administrative services, including
program development and maintenance.
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 are bought
and sold at market price, which may be higher or lower than the net
asset value (NAV).
Diversification strategies do not ensure a profit and do not protect
against losses in declining markets.
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO).
SIDCO is not affiliated with The Charles Schwab Corporation or any of
its affiliates. Learn more at schwab.com/SchwabETFs.
“ETF Securities” is a registered trademark of ETF Securities Limited.
IndexIQ® is a registered trademark of IndexIQ. PowerShares® is a
registered trademark of Invesco PowerShares Capital Management LLC
(Invesco PowerShares). Invesco PowerShares and Invesco Distributors,
Inc. are indirect, wholly owned subsidiaries of Invesco Ltd. “SPDR” is a
registered trademark of Standard & Poor's Financial Services LLC (“S&P”)
and has been licensed for use by State Street Corporation. No financial
product offered by State Street Corporation or its affiliates is
sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P
and its affiliates make no representation, warranty or condition
regarding the advisability of buying, selling or holding units/shares in
such products. USCF® and the United States Commodity Funds® are
registered trademarks of United States Commodity Funds LLC Limited
Liability Company Delaware. All rights reserved. WisdomTree Investments,
Inc., through its subsidiaries in the U.S. and Europe (collectively,
“WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded
product (“ETP”) sponsor and asset manager headquartered in New York.
Charles Schwab Investment Management, Inc. is the investment advisor for
Schwab ETFs and an affiliate of the Charles Schwab Corporation.
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” member SIPC,
www.sipc.org),
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.
© 2014 Charles Schwab & Co., Inc. Member SIPC.
(0115-0830)
* 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.
Copyright Business Wire 2015