New Additions Broaden Access to $0 Commission Strategic Beta and
Currency-Hedged ETFs
Charles Schwab announced today it is adding one new ETF provider – J.P.
Morgan Asset Management – and nine new ETFs to Schwab ETF OneSource™,
the program that offers investors and advisors the most commission-free*
ETFs anywhere in the industry. The additions give investors more choice
within two highly sought-after categories in investing today –
currency-hedged ETFs and strategic beta funds across both U.S. and
international markets.
Beginning tomorrow, all three of J.P. Morgan Asset Management’s
diversified return strategic beta ETFs will be available to Schwab
clients with $0 online trade commissions. J.P. Morgan Asset Management
is the 14th provider to join the Schwab ETF OneSource
program, joining ALPS, Direxion Investments, ETF Securities, Global X
Funds, Guggenheim Investments, IndexIQ, PIMCO, PowerShares, ProShares,
State Street SPDR® ETFs, United States Commodity Funds, WisdomTree and
Charles Schwab Investment Management.
Six additional funds from current providers will be added to Schwab ETF
OneSource tomorrow. WisdomTree is adding four currency-hedged products,
ETF Securities is adding a diversified-factor ETF and Direxion
Investments is adding a strategic beta high dividend ETF.
“The driving idea behind Schwab ETF OneSource is to provide investors of
every size and sophistication access to quality, commission-free ETFs
which helps them to build well-diversified portfolios designed to
achieve their unique objectives,” said Heather Fischer, Vice President
of ETF Platform Management at Charles Schwab. “Quantity matters, but in
addition to offering investors the most choice, we’re focused on
providing them with the right selection. We are pleased that the
addition of J.P. Morgan and the other new funds will further expand our
ability to do just this.”
The latest expansion of Schwab ETF OneSource allows investors to buy and
sell 211 ETFs covering 66 Morningstar Categories with $0 online
commissions, no enrollment requirements and no early redemption fees –
key differentiators for investors comparing Schwab ETF OneSource to
other commission-free ETF offerings.
The new funds being added to Schwab ETF OneSource on July 1, 2015, are
below:
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ETF Name
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Ticker
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Morningstar Category
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Direxion Value Line® Small- and Mid-Cap High Dividend ETF
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VLSM
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Small Value
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ETFS Diversified-Factor U.S. Large Cap Index Fund
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SBUS
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Large Blend
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JPMorgan Diversified Return Global Equity ETF
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JPGE
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World Stock
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JPMorgan Diversified Return International Equity ETF
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JPIN
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Foreign Large Blend
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JPMorgan Diversified Return Emerging Markets Equity ETF
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JPEM
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Diversified Emerging Mkts.
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WisdomTree Germany Hedged Equity Fund
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DXGE
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Miscellaneous Region
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WisdomTree Japan Hedged Dividend Growth Fund
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JHDG
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Japan Stock
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WisdomTree Japan Hedged SmallCap Equity Fund
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DXJS
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Japan Stock
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WisdomTree Europe Hedged SmallCap Equity Fund
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EUSC
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Europe Stock
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A complete list of Schwab ETF OneSource ETFs is available here.
About Schwab ETF OneSource
As of May 31, 2015, Schwab ETF OneSource has $45 billion in assets under
management and year-to-date flows into ETFs in the program are $5.8
billion, representing 37% percent of the total ETF flows at Schwab.
Schwab ETF OneSource offers investors and advisors access to the most
commission-free ETFs anywhere in the industry. 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 www.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.
“ETF Securities” is a registered trademark of ETF Securities Limited.
IndexIQ® is a registered trademark of IndexIQ. J.P. Morgan
Exchange-Traded Funds are distributed by SEI Investments Distribution
Co., which is not affiliated with JPMorgan Chase & Co. or any of its
affiliates. SEI Investments Distribution Co. is a member of FINRA/SIPC.
J.P. Morgan Asset Management is the marketing name for the asset
management business of JPMorgan Chase & Co., and its affiliates
worldwide. 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. ProShares® is a registered trademark of ProShare Advisors
LLC. ProShares makes no representation or warranty regarding the
advisability of, nor bears any liability with respect to, investing in
ProShares ETFs."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.
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 www.schwab.com/SchwabETFs.
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.
*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.
© 2015 Charles Schwab & Co., Inc. Member SIPC.
(0615-4524)
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