Assets in Largest Commission-Free ETF Program Grew by 34% in 2016
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab announced today that Schwab ETF OneSource™, the program that offers the most commission-free1 ETFs anywhere in the industry, is adding one new ETF provider – OppenheimerFunds – and twelve new ETFs to its line-up. With these additions, the program allows investors and advisors to buy and sell 228 ETFs covering 69 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.
Beginning today, four of the Oppenheimer Revenue Weighted ETF strategies are available to Schwab clients with $0 online trade commissions. OppenheimerFunds joins fifteen other leading ETF providers that participate in the Schwab ETF OneSource program. They include: ALPS, Deutsche Asset Management, Direxion, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, John Hancock Investments, J.P. Morgan Asset Management, PIMCO, PowerShares, State Street SPDR® ETFs, USCF, WisdomTree and Charles Schwab Investment Management.
“Schwab ETF OneSource is growing in every way – we’ve added to both our provider and fund ranks in the last year, and continue to offer investors of all sizes the most choice when it comes to commission-free ETFs,” said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. “Our research indicates that investors and advisors are steadily allocating more of their portfolios to ETFs, and a broad selection of both ETF categories and ETF providers are critical criteria when evaluating ETFs that are available for zero commission online. Schwab ETF OneSource delivers on both, which explains the traction we’ve achieved in just four short years since launching the program.”
The new funds that are available effective today include:
|Deutsche X-trackers FTSE Developed Ex US Comprehensive Factor ETF||DEEF||Foreign Large Blend|
|Deutsche X-trackers Russell 1000 Comprehensive Factor ETF||DEUS||Mid-Cap Blend|
|Guggenheim BulletShares 2024 High Yield Corp Bond ETF||BSJO||High Yield Bond|
|Guggenheim BulletShares 2026 Corp Bond ETF||BSCQ||Corporate Bond|
|JPMorgan Diversified Return US Mid Cap Equity ETF||JPME||Mid-Cap Blend|
|Oppenheimer Large Cap Revenue ETF||RWL||Large Value|
|Oppenheimer Mid Cap Revenue ETF||RWK||Mid-Cap Value|
|Oppenheimer Small Cap Revenue ETF||RWJ||Small Blend|
|Oppenheimer Ultra Dividend Revenue ETF||RDIV||Large Value|
|SPDR® MSCI EAFE StrategicFactors ETF||QEFA||Foreign Large Blend|
|SPDR S&P® North American Natural Resources ETF||NANR||Natural Resources|
|WisdomTree CBOE S&P 500 Put Write Strategy ETF||PUTW||Option Writing|
Schwab ETF OneSource Assets Grew by 34% in 2016 2
Assets in Schwab ETF OneSource reached $65.4 billion as of November 30, 2016, growing by 34% in 2016. November year-to-date flows into ETFs in the program are $11.8 billion, representing 53% of the total ETF flows at Schwab.
Notable additions to the program in 2016 range from welcoming two new providers – John Hancock Investments and Deutsche Asset Management – to strengthening the line-up of socially conscious funds with the addition of SPDR® SSGA Gender Diversity ETF (SHE).
“In 2016 we expanded our product offering to meet ETF investor demands, including adding several new Morningstar categories,” said Fischer. “We continue to broaden investor access across several high-demand categories such as socially conscious funds, strategic beta funds, bond ETFs and currency-hedged products.”
The following funds were added to Schwab ETF OneSource since January 4, 2016:
|Effective October 1, 2016|
|Fund Name||Ticker||Morningstar Category|
|IQ Enhanced Core Bond US ETF||AGGE||Intermediate-Term Bond|
|IQ Enhanced Core Plus Bond US ETF||AGGP||Intermediate-Term Bond|
|John Hancock Multifactor Consumer Staples ETF||JHMS||Consumer Defensive|
|John Hancock Multifactor Energy ETF||JHME||Equity Energy|
|John Hancock Multifactor Industrials ETF||JHMI||Industrials|
|John Hancock Multifactor Materials ETF||JHMA||Natural Resources|
|John Hancock Multifactor Utilities ETF||JHMU||Utilities|
|SPDR® Dorsey Wright Fixed Income Allocation ETF||DWFI||Long-Term Bond|
|SPDR® MSCI USA StrategicFactors ETF||QUS||Large Blend|
|SPDR® S&P 500 High Dividend ETF||SPYD||Large Value|
|SPDR® Wells Fargo Preferred Stock ETF||PSK||Preferred Stock|
|Effective July 1, 2016|
|Fund Name||Ticker||Morningstar Category|
|JPMorgan Diversified Return International Currency Hedged ETF||JPIH||Foreign Large Blend|
|SPDR® SSGA Gender Diversity ETF||SHE||Large Blend|
|WisdomTree Barclays US Aggregate Bond Enhanced Yield ETF||AGGY||Intermediate-Term Bond|
|WisdomTree Dynamic Currency Hedged International Equity ETF||DDWM||Foreign Large Value|
|WisdomTree Dynamic Long/Short US Equity ETF||DYLS||Long-Short Equity|
|Effective April 1, 2016|
|Fund Name||Ticker||Morningstar Category|
|JPMorgan Diversified Return Europe Equity ETF||JPEU||Europe Stock|
|JPMorgan Diversified Return US Equity ETF||JPUS||Large Blend|
|SPDR® Bloomberg Barclays Investment Grade Floating Rate ETF||FLRN||Short-Term Bond|
|SPDR® Dow Jones International Real Estate ETF||RWX||Global Real Estate|
|SPDR® S&P 500 Fossil Fuel Reserves Free ETF||SPYX||Large Blend|
|Effective January 4, 2016|
|Fund Name||Ticker||Morningstar Category|
|Deutsche X-trackers Municipal Infrastructure Revenue Bond ETF||RVNU||Muni National Long|
|Deutsche X-trackers MSCI All World ex US Hedged Equity ETF||DBAW||Foreign Large Blend|
|Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF||HDAW||Foreign Large Value|
|Deutsche X-trackers MSCI EAFE Hedged Equity ETF||DBEF||Foreign Large Blend|
|Deutsche X-trackers MSCI Emerging Markets Hedged Equity ETF||DBEM||Diversified Emerging Markets|
|Deutsche X-trackers MSCI Eurozone Hedged Equity ETF||DBEZ||Europe Stock|
|Guggenheim BulletShares 2023 High Yield Corporate Bond ETF||BSJN||High Yield Bond|
|Guggenheim BulletShares 2025 Corporate Bond ETF||BSCP||Corporate Bond|
|John Hancock Multifactor Consumer Discretionary ETF||JHMC||Consumer Cyclical|
|John Hancock Multifactor Financials ETF||JHMF||Financial|
|John Hancock Multifactor Healthcare ETF||JHMH||Heath|
|John Hancock Multifactor Large Cap ETF||JHML||Large-Cap Blend|
|John Hancock Multifactor Mid Cap ETF||JHMM||Mid-Cap Blend|
|John Hancock Multifactor Technology ETF||JHMT||Technology|
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. 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.
1 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.
2 Source: Charles Schwab & Co., from 1/1/16 -11/30/16
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.
Deutsche X-trackers ETFs ("ETFs") are managed by DBX Advisors LLC (the "Adviser"), and distributed by ALPS Distributors, Inc. (“ALPS”). The Adviser is a subsidiary of Deutsche Bank AG, and is not affiliated with ALPS. Deutsche X-trackers ETFs are not FDIC insured and there is no bank guarantee and they may lose value. MSCI and MSCI Index are service marks of MSCI Inc. (MSCI) and have been licensed for use by DBX. The ETFs are not sponsored, endorsed, issued, sold or promoted by MSCI Inc. nor does this company make any representation regarding the advisability of investing in the ETFs.
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John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP.
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.
MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal underwriter of the IQ Hedge Multi-Strategy Plus Fund. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.
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USCF® and the United States Commodity Funds® are registered trademarks of United States Commodity Funds LLC Limited Liability Company Delaware. All rights reserved.
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