Charles Schwab announced today that Schwab ETF OneSource™, the program
that offers the most commission-free1 Exchange Traded Funds
(ETFs) anywhere in the industry, has added 15 ETFs to its roster. With
these additions, the program allows investors and advisors to buy and
sell 245 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 July 6, 2017, 15 ETFs from nine existing ETF OneSource
providers became newly available to Schwab clients with $0 online trade
commissions. Additions to the program include a variety of Morningstar
categories such as High Yield Bond, Energy Limited Partnership and
Diversified Emerging Markets. Sixteen leading ETF providers participate
in the Schwab ETF OneSource program including: ALPS Advisors Inc.,
Deutsche Asset Management, Direxion, ETF Securities, Global X Funds,
Guggenheim Investments, IndexIQ, John Hancock Investments, J.P. Morgan
Asset Management, OppenheimerFunds, PIMCO, PowerShares, State Street SPDR®
ETFs, USCF, WisdomTree and Charles Schwab Investment Management.
“Schwab ETF OneSource continues to grow as investors and advisors
allocate more of their portfolios to ETFs,” said Heather Fischer, Vice
President, ETF & Mutual Fund Platforms at Charles Schwab. “It’s
extremely important to offer a broad selection of ETF categories and ETF
providers, so that investors have the most choice when evaluating
commission-free ETFs.”
The new funds that have been added to the program include:
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Fund Name
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Ticker
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Morningstar Category
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Deutsche X-trackers FTSE Emerging Comprehensive Factor ETF
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DEMG
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Diversified Emerging Markets
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Deutsche X-trackers Japan JPX-Nikkei 400 Equity ETF
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JPN
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Japan Stock
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Deutsche X-trackers USD High Yield Corporate Bond ETF
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HYLB
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High Yield Bond
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Global X MLP & Energy Infrastructure ETF
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MLPX
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Energy Limited Partnership
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Global X Robotics & Artificial Intelligence ETF
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BOTZ
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Miscellaneous Sector
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Guggenheim S&P High Income Infrastructure ETF
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GHII
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Infrastructure
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IQ S&P High Yield Low Volatility Bond ETF
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HYLV
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High Yield Bond
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John Hancock Multifactor Developed International ETF
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JHMD
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Foreign Large Blend
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JPMorgan Diversified Return Europe Currency Hedged ETF
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JPEH
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Europe Stock
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SPDR® Long Dollar Gold Trust
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GLDW
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Commodities Precious Metals
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SPDR® Russell 1000 Low Volatility Focus ETF
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ONEV
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Mid-Cap Blend
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SPDR® Russell 1000 Momentum ETF
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ONEO
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Mid-Cap Blend
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SPDR® Russell 1000 Yield ETF
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ONEY
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Mid-Cap Value
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United States Copper Index
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CPER
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Commodities Industrial Metals
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WisdomTree Continuous Commodity Index ETF
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GCC
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Commodities Broad Basket
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Schwab ETF OneSource Assets Grew by 22% in First Five Months of 2017
2
Assets in Schwab ETF OneSource reached $84 billion as of May 31, 2017,
growing by 22% in the first five months of 2017. May year-to-date flows
into ETFs in the program are $10.8 billion, representing 52% of the
total ETF flows at Schwab.
“We’re proud of the traction we’ve achieved so far in the four years
since launching the program, and its steady growth allows us to continue
to provide more choice and meet investor demand,” said Fischer.
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.
More information is available at www.aboutschwab.com.
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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 1/1/17 - 5/31/17
Disclosures
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.
“ETF Securities” is a registered trademark of ETF Securities Limited.
Global X Funds is a registered trademark of Global X Management Company
LLC.
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.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
Alternative weighting approaches (i.e., using revenues as a weighting
measure), while designed to enhance potential returns, may not produce
the desired results.
PowerShares® is a registered trademark of Invesco PowerShares Capital
Management LLC, investment adviser. Invesco PowerShares Capital
Management LLC (PowerShares) and Invesco Distributors, Inc., ETF
distributor, are indirect, wholly owned subsidiaries of Invesco Ltd.
SPDR® is a registered trademark of Standard & Poor’s Financial Services
LLC (S&P) and has been licensed for use by State Street Corporation.
State Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by S&P, S&P Dow Jones Indices LLC, Dow Jones
Trademark Holdings LLC, their respective affiliates and third party
licensors and none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any
liability in relation thereto, including for any errors, omissions, or
interruptions of any index.
USCF® and the United States Commodity Funds® are registered trademarks
of United States Commodity Funds LLC Limited Liability Company Delaware.
All rights reserved.
WisdomTree Investments, Inc., through its subsidiaries in the U.S.,
Europe, Japan and Canada (collectively, “WisdomTree”), is an
exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor
and asset manager headquartered in New York. WisdomTree Funds are
distributed by Foreside Fund Services, LLC in the U.S. only.
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO).
SIDCO is not affiliated with The Charles Schwab Corporation or any of
its affiliates. Learn more at schwab.com/Schwab ETFs.
Charles Schwab Investment Management, Inc. is the investment advisor for
Schwab ETFs and an affiliate of the Charles Schwab Corporation.
Through its operating subsidiaries, The Charles Schwab Corporation
(NYSE: SCHW) provides a full range of securities brokerage, banking,
money management and financial advisory services to individual investors
and independent investment advisors. Its broker-dealer subsidiary,
Charles Schwab & Co., Inc. (“Schwab” member SIPC,
www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; compliance and trade monitoring solutions; referrals to
independent fee-based investment advisors; and custodial, operational
and trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles Schwab
Bank (member FDIC and an Equal Housing Lender), provides banking and
lending services and products. More information is available at www.schwab.com
and www.aboutschwab.com
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