Schwab Asset Management Reduces Fees on 10 Funds
Schwab Asset Management announced a reduction in operating expense ratios for 10 of its ETFs and mutual funds, enhancing investor cost-effectiveness. This follows a previous fee reduction in December 2021 for five fixed income ETFs. Notable changes include a decrease in the Schwab International Opportunities Fund's net operating expense ratio from 1.25% to 0.83%. Schwab emphasizes its commitment to affordable, accessible investment products, managing approximately $623.1 billion in discretionary assets as of March 31, 2022.
- Reduction in operating expense ratios for 10 ETFs and mutual funds, enhancing investor cost-effectiveness.
- Previous fee reductions in December 2021 indicate a continued strategy to lower investor expenses.
- Schwab International Opportunities Fund's operating expense ratio reduced from 1.25% to 0.83%.
- None.
“We continually review our cost-effective product suite to find new opportunities to lower expenses for investors,” said
Schwab Passively Managed Funds and Expense Ratio Changes
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Schwab Actively Managed Funds and Expense Ratio Changes
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*As stated in the prospectus, the investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the fund so long as the investment adviser serves as the adviser to the fund. This agreement may only be amended or terminated with the approval of the fund’s
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
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, YouTube 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 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 ETFs are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.
Tax exempt bonds are not necessarily a suitable investment for all persons. Information related to a security's tax-exempt status (federal and in-state) is obtained from third parties and Schwab Asset Management does not guarantee its accuracy. Tax-exempt income may be subject to the Alternative Minimum Tax (AMT). Capital appreciation from bond funds and discounted bonds may be subject to state or local taxes. Capital gains are not exempt from federal income tax.
International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.
Risks of investing in REITs are similar to those associated with direct ownership of real estate, such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. Investing in REITs may pose additional risks such as real estate industry risk, interest rate risk, risks related to the uncertainty of and compliance with certain tax regime rules, and liquidity risk.
Schwab Asset Management is the dba name for
(0622-2X6B)
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Charles Schwab
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FAQ
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