Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder’s investment.
The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, payable after the close of the markets on October 10, 2024. Shares will begin trading at their post-split price on October 11, 2024.
|
Ticker
|
Fund
|
Record date
|
Payable date
|
NAV/share as
of 9/24/24
|
Split Ratio
|
|
SCHG
|
Schwab U.S. Large-Cap Growth ETF
|
10/9/24
|
10/10/24
|
103.90
|
4-for-1
|
|
SCHD
|
Schwab U.S. Dividend Equity ETF
|
10/9/24
|
10/10/24
|
85.02
|
3-for 1
|
|
SCHM
|
Schwab U.S. Mid-Cap ETF
|
10/9/24
|
10/10/24
|
83.20
|
3-for 1
|
|
SCHV
|
Schwab U.S. Large-Cap Value ETF
|
10/9/24
|
10/10/24
|
80.26
|
3-for 1
|
|
FNDX
|
Schwab Fundamental U.S. Large Company ETF
|
10/9/24
|
10/10/24
|
71.55
|
3-for 1
|
|
FNDB
|
Schwab Fundamental U.S. Broad Market ETF
|
10/9/24
|
10/10/24
|
70.18
|
3-for 1
|
|
SCHX
|
Schwab U.S. Large-Cap ETF
|
10/9/24
|
10/10/24
|
67.74
|
3-for 1
|
|
SCHB
|
Schwab U.S. Broad Market ETF
|
10/9/24
|
10/10/24
|
66.39
|
3-for 1
|
|
FNDA
|
Schwab Fundamental U.S. Small Company ETF
|
10/9/24
|
10/10/24
|
59.58
|
2-for-1
|
|
SCHK
|
Schwab 1000 Index® ETF
|
10/9/24
|
10/10/24
|
55.16
|
2-for-1
|
|
SCHP
|
Schwab U.S. TIPS ETF
|
10/9/24
|
10/10/24
|
53.78
|
2-for-1
|
|
SCYB
|
Schwab High Yield Bond ETF
|
10/9/24
|
10/10/24
|
53.36
|
2-for-1
|
|
SCMB
|
Schwab Municipal Bond ETF
|
10/9/24
|
10/10/24
|
52.33
|
2-for-1
|
|
SCHA
|
Schwab U.S. Small-Cap ETF
|
10/9/24
|
10/10/24
|
51.57
|
2-for-1
|
|
SCHR
|
Schwab Intermediate-Term U.S. Treasury ETF
|
10/9/24
|
10/10/24
|
50.76
|
2-for-1
|
|
SCHJ
|
Schwab 1-5 Year Corporate Bond ETF
|
10/9/24
|
10/10/24
|
49.69
|
2-for-1
|
|
SCHO
|
Schwab Short-Term U.S. Treasury ETF
|
10/9/24
|
10/10/24
|
49.06
|
2-for-1
|
|
SCHZ
|
Schwab U.S. Aggregate Bond ETF
|
10/9/24
|
10/10/24
|
47.66
|
2-for-1
|
|
SCHI
|
Schwab 5-10 Year Corporate Bond ETF
|
10/9/24
|
10/10/24
|
46.28
|
2-for-1
|
|
SCHF
|
Schwab International Equity ETF
|
10/9/24
|
10/10/24
|
40.76
|
2-for-1
|
About Schwab Asset Management
One of the industry’s largest and most experienced asset managers, Schwab Asset Management offers a focused lineup of competitively priced ETFs, mutual funds and separately managed account strategies designed to serve the central needs of most investors. By operating through clients’ eyes, and putting them at the center of our decisions, we aim to deliver exceptional experiences to investors and the financial professionals who serve them. As of June 30, 2024, Schwab Asset Management managed approximately $1.2 trillion on a discretionary basis and $38.3 billion on a non-discretionary basis.
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. Follow us on Twitter, Facebook and LinkedIn.
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 obtain a prospectus, or if available, a summary prospectus by visiting https://www.schwabassetmanagement.com/prospectus. 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 ETF are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
Schwab Asset Management® is the dba name for Charles Schwab Investment Management, Inc., the investment adviser for Schwab Funds, Schwab ETFs, and separately managed account strategies. Schwab Funds are distributed by Charles Schwab & Co, Inc. (Schwab), Member SIPC. Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). Schwab Asset Management and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation, and are not affiliated with SIDCO.
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