Charles Schwab Investment Management, Inc. (CSIM), an asset management
arm of The Charles Schwab Corporation, announced that it has received
three Best-In-Class Thomson Reuters Lipper Fund Awards. The annual
Lipper Fund Awards recognize funds and fund management firms for their
consistently strong, risk-adjusted performance relative to their peers.
For the ranking periods ending November 30, 2017, two funds from CSIM’s
Fundamental IndexTM offering were honored:
CSIM is one of the few providers offering Fundamental Index funds with a
track record of 10 or more years. The Schwab Fundamental International
Large Company Index Fund (SFNNX) was among the first Fundamental Index
funds available, launched by CSIM in 2007. The Schwab Fundamental
International Small Company Index Fund (SFILX) followed months later,
launching in early 2008. Today, CSIM manages approximately $25B in
assets under management across its six Fundamental Index mutual funds
and six Fundamental Index ETFs.
Additionally, CSIM has taken significant steps to make its Fundamental
Index funds cost-effective and accessible to all investors. In February
2017, CSIM announced that expenses on the Schwab Fundamental Index
mutual funds would be reduced to align with their Schwab ETF
equivalents, which also went through a round of expense reductions,
effective March 1, 2017. CSIM also eliminated all investment minimums
and employed a single share class for the Schwab Fundamental Index
mutual funds to ensure that every investor – not just the biggest – has
access to the lowest expenses for the funds.
In addition to winning awards for two Fundamental Index funds,
Laudus
Mondrian International Equity Fund (LIEIX)
3,4
was named best-in-class among 11 International Large-Cap Value Funds for
the 5-year period ending November 30, 2017.
“We’re honored to receive this recognition from Lipper for the
consistent performance in each of these categories,” said Marie
Chandoha, president and chief executive officer of Charles Schwab
Investment Management. “These awards are a testament to our client
centric strategy that empowers us to build foundational, quality
products at a great price with the potential for strong results over the
long-term.”
The three funds were honored on the basis of risk-adjusted returns for
the three-, five-, or ten-year periods ending November 30, 2017. The
awards were announced last night at the Lipper Fund Awards ceremony in
New York.
About The Lipper Fund Awards
For more than three decades and in over 20 countries worldwide, the
Thomson Reuters Lipper Fund Awards have honored funds and fund
management firms that have excelled in providing consistently strong,
risk-adjusted performance relative to their peers.
Renowned fund data and proprietary methodology is the foundation of the
award qualification. Individual classifications of three-, five-, and
ten-year periods, as well as fund families with high average scores for
the three-year period are recognized.
The highly respected Lipper Fund Awards are part of the Thomson Reuters
Awards for Excellence. For more information, please markets.awards@thomsonreuters.com
or visit http://www.lipperfundawards.com.
About Charles Schwab Investment Management
Founded in 1989, Charles Schwab Investment Management, Inc., a
subsidiary of The Charles Schwab Corporation, is one of the nation’s
largest asset management companies, with more than $360B in assets under
management as of 12/31/17. It is among the country’s largest money
market fund managers based on assets under management according to
iMoneyNet as of 12/31/17. It is also the third-largest provider of index
mutual funds and the fifth largest provider of ETFs.*
More information is available at schwabfunds.com.
*Source: Strategic Insight, as of 12/31/17; based on assets under
management
About Schwab
At 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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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 redeemed, may be
worth more or less than their original cost. Unlike mutual funds, shares
of ETFs are not individually redeemable directly with the ETF.
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. Certain information provided by Lipper may relate to
securities that may not be offered, sold or delivered within the United
States (or any State thereof) or to, or for the account or benefit of,
United States persons. 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.
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.
Fundamental Index is a registered trademark of Research Affiliates LLC.
Charles Schwab Investment Management, Inc. (CSIM) is the investment
advisor for Schwab Funds, Laudus Funds and Schwab ETFs. Schwab Funds are
distributed by Charles Schwab & Co., Inc. (Schwab), Member SIPC. The
Laudus Group® of Funds includes the Laudus Mondrian Funds and Laudus
U.S. Large Cap Growth Fund, which are part of the Laudus Trust and
distributed by ALPS Distributors, Inc. (ALPS); and the Laudus
MarketMasters Funds®, which are part of the Schwab Capital Trust and
distributed by Schwab. 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 ALPS, SIDCO, or Thomson Reuters Lipper.
Thomson Reuters Lipper 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.
(0218-8UJF) LAU003712
1 For the ranking periods ending 11/30/2017: Ranked 13th
out of 35 funds for the three-year time period; ranked 6th
out of 34 funds for the five-year time period.
2 For the ranking periods ending 11/30/2017: Ranked 3rd
out of 22 funds for the three-year time period; SFILX was not eligible
for the ten-year time period because the fund did not have a ten-year
history as of 11/30/17.
3 For the ranking periods ending 11/30/2017: Ranked 4th
out of 11 funds for the three-year time period; the International
Large-Cap Value category did not award a trophy for the ten-year time
period because it did not meet the minimum requirement of 10 eligible
funds. LIEIX did not have a ten-year history as of 11/30/17.
4 The Laudus Mondrian International Equity Fund is
sub-advised by Mondrian Investment Partners Limited.
