Schwab International Fundamental Index Mutual Fund Receives Best-in-Class Refinitiv Lipper Fund Award

Rhea-AI Summary

Charles Schwab Investment Management announced that the Schwab Fundamental International Large Company Index Fund (SFNNX) received a 2021 US Refinitiv Lipper Fund Award for outstanding performance, marking the fourth consecutive year of recognition for its Fundamental Index fund suite. The fund was ranked best-in-class among 43 peers for a five-year period ending November 30, 2020. David Botset, SVP of Product Strategy, emphasized the importance of diversification in investing, noting the fund's low-cost complement to traditional strategies, aiming to help investors achieve financial goals.

Positive

• SFNNX won the 2021 US Refinitiv Lipper Fund Award for outstanding performance.
• This marks the fourth consecutive year of recognition for Schwab's fundamental index funds.
• SFNNX was ranked best among 43 international multi-cap value funds for the five-year period ending November 30, 2020.

Negative

• None.

Charles Schwab Investment Management, Inc. (CSIM) announced today that the Schwab Fundamental International Large Company Index Fund (SFNNX) has won a 2021 US Refinitiv Lipper Fund Award for outstanding fund performance. The award marks the fourth consecutive year that CSIM has been recognized for the performance of offerings from its Fundamental Index* fund suite.

The annual Refinitiv Lipper Fund Awards recognize funds and fund management companies that excel in delivering consistently strong, risk-adjusted performance relative to their peers.

SFNNX was named best-in-class among 43 international multi-cap value funds for the five-year ranking period ending November 30, 2020.

“We are incredibly pleased that Lipper has recognized the performance of our Schwab Fundamental International Large Company Index Fund,” said David Botset, SVP of Product Strategy at CSIM. “Diversification is a core tenet of long-term investing, and one that we believe is critical in the current investment environment. The Schwab Fundamental Index strategies can serve as a compelling, low-cost complement to traditional index and actively managed strategies, which together offer investors broad diversification and the potential for strong returns over time. We are proud to continue helping investors achieve their financial goals with Schwab’s Fundamental Index suite.”

As the first asset manager to launch Fundamental Index mutual funds, CSIM has been a leader in this space for more than a decade.

About Refinitiv Lipper Fund Awards

For more than 30 years and in over 17 countries worldwide, the highly-respected Refinitiv Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at www.lipperfundawards.com.

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

About Charles Schwab Investment Management

As of December 31, 2020, Charles Schwab Investment Management, Inc. managed approximately $549.2 billion on a discretionary basis and approximately $37.5 billion on a non-discretionary basis. CSIM provides non-discretionary advisory services to the Schwab Trust Bank Collective Investment Trusts, including research and recommendations relating to asset allocation, portfolio construction, cash-flow monitoring and advisor selection and retention. Some trusts include multiple unit classes. More information is available at www.schwabfunds.com.

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 view and download a prospectus by visiting schwabfunds.com/prospectus. Please read the prospectus carefully before investing.

Past performance cannot guarantee future results.

Investment value will fluctuate, and shares, when sold or redeemed, may be worth more or less than their original cost.

* Fundamental Index is a registered trademark of Research Affiliates LLC. Schwab is a registered trademark of Charles Schwab & Co., Inc.

Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. As a result, you should not make an investment decision on the basis of this information. Rather, you should use the Lipper ratings for informational purposes only. Lipper is not responsible for the accuracy, reliability or completeness of the information that you obtain from Lipper. In addition, Lipper will not be liable for any loss or damage resulting from information obtained from Lipper or any of its affiliates.

Distinction does not imply a guarantee of future results. Distinction does not necessarily imply that the fund had the best performance within its category. There are numerous Lipper Leaders in every category.

Diversification strategies do not ensure a profit and do not protect against losses in declining markets.

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.

Charles Schwab Investment Management, Inc. (CSIM) is the investment advisor for Schwab Funds. Schwab Funds are distributed by Charles Schwab & Co., Inc. (Schwab), Member SIPC. CSIM and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation, and are not affiliated with Refinitiv.

Lipper at Refinitiv is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. The fund award rankings are historical and are based on risk-adjusted total return with capital gains and dividends reinvested.

(0321-10YS)

View source version on businesswire.com: https://www.businesswire.com/news/home/20210315005064/en/

FAQ

What is the significance of the 2021 US Refinitiv Lipper Fund Award for Schwab?

The award highlights Schwab's consistent strong performance and recognition in the investment management space, enhancing its credibility and attractiveness to investors.

How did the Schwab Fundamental International Large Company Index Fund (SCHW) perform in the five-year ranking?

The fund was recognized as best-in-class among 43 international multi-cap value funds for the five-year period ending November 30, 2020.

What does the award for SFNNX indicate about Schwab's investment strategies?

The award indicates that Schwab's Fundamental Index strategies provide competitive performance and underscore the importance of diversification in long-term investing.

How long has Schwab been offering Fundamental Index mutual funds?

Schwab has been a leader in offering Fundamental Index mutual funds for more than a decade.