Schwab Fundamental Index* Mutual Fund Receives Best-In-Class Refinitiv Lipper Fund Award for Second Consecutive Year

Friday, March 6, 2020 5:00 am PST

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
"We continue to believe that Fundamental Index strategies can play a valuable role in the core of investors’ portfolios. They can complement traditional market-cap weighted index and actively managed strategies, and when used together they offer investors broad diversification and the potential for more attractive risk-adjusted returns."

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) announced today that its Schwab Fundamental US Large Company Index Fund (SFLNX) has won a 2020 US Refinitiv Lipper Fund Award for outstanding fund performance. 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.

SFLNX was named best-in-class among 87 large-cap value funds for the ten-year ranking period ending November 30, 2019. This is the second year in a row that the fund has won a Refinitiv Lipper Award in this category.

“It is an honor to be recognized by Lipper for the second consecutive year for the best-in-class performance of our Schwab Fundamental US Large Company Index Fund,” said Jonathan de St. Paer, president of CSIM. “We continue to believe that Fundamental Index strategies can play a valuable role in the core of investors’ portfolios. They can complement traditional market-cap weighted index and actively managed strategies, and when used together they offer investors broad diversification and the potential for more attractive risk-adjusted returns.”

CSIM was the first asset manager to launch a Fundamental Index mutual fund in early 2007, and it currently offers six Fundamental Index mutual funds and six Fundamental Index ETFs. As of December 31, 2019, Schwab’s Fundamental Index products reached $30.9 billion in assets under management, while total assets under management across CSIM’s suite of more than 100 funds reached $487.1 billion.

The awards were announced last night at the Refinitiv Lipper Fund Awards ceremony held in New York.

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, Inc.

As of December 31, 2019, Charles Schwab Investment Management managed approximately $468.9 billion on a discretionary basis and approximately $18.1 billion on a non-discretionary basis.

Source: Charles Schwab Investment Management, Inc.

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.

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

(0320-06DD)

Contact:

Erin Montgomery
Charles Schwab
(212) 403-9271
Erin.Montgomery@schwab.com

Multimedia Files:

Preview image

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

Subscribe

Business Wire NewsHQ℠