Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points
25 Septiembre 2023 - 7:00AM
Business Wire
Schwab Asset Management™, the asset management arm of The
Charles Schwab Corporation and the fifth-largest provider1 of ETFs,
today announced the reduction of operating expense ratios for the
Schwab High Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF
(SCHP), bringing the fees for Schwab Asset Management’s entire
lineup of fixed income ETFs to only three basis points. All of
Schwab Asset Management’s fixed income ETFs are now among the
lowest-priced ETFs in each of their respective Morningstar
categories. The price changes go into effect September 25,
2023.
“At Schwab Asset Management we are proud to continue our legacy
of driving cost savings for investors with a focus on what is most
meaningful to our clients,” said Nicohl Bogan, Director of Product
Strategy and Development, Schwab Asset Management. “Fixed income
has been in the spotlight for investors in a higher interest rate
environment. We have seized the opportunity to expand our fixed
income offerings, recently launching high yield and municipal bond
ETFs, while also helping investors save on fees.”
Schwab Fixed Income ETF Expense Ratios
Name of Fund (Ticker)
AUM ($millions) as of
9/22/2023
Operating Expense Ratio Prior
to 9/25/23
Operating Expense Ratio After
9/25/23
Schwab High Yield Bond ETF (SCYB)
$50.06
0.10%
0.03%
Schwab U.S. TIPS ETF (SCHP)
$11,621.70
0.04%
0.03%
Schwab 1-5 Year Corporate Bond ETF
(SCHJ)
$369.19
0.03%
0.03%
Schwab 5-10 Year Corporate Bond ETF
(SCHI)
$5,040.51
0.03%
0.03%
Schwab Intermediate-Term U.S. Treasury ETF
(SCHR)
$7,389.70
0.03%
0.03%
Schwab Long-Term U.S. Treasury ETF
(SCHQ)
$403.99
0.03%
0.03%
Schwab Municipal Bond ETF (SCMB)
$155.73
0.03%
0.03%
Schwab Short-Term U.S. Treasury ETF
(SCHO)
$12,407.51
0.03%
0.03%
Schwab U.S. Aggregate Bond ETF (SCHZ)
$6,997.12
0.03%
0.03%
To learn more about Schwab Asset Management’s entire lineup of
ETFs, visit www.schwabassetmanagement.com.
About Schwab Asset Management
One of the industry’s largest and most experienced asset
managers, Schwab Asset Management offers a focused lineup of
competitively priced ETFs, mutual funds and separately managed
account strategies designed to serve the central needs of most
investors. By operating through clients’ eyes, and putting them at
the center of our decisions, we aim to deliver exceptional
experiences to investors and the financial professionals who serve
them. As of June 30, 2023, Schwab Asset Management managed
approximately $895.9 billion on a discretionary basis and $33.5
billion on a non-discretionary basis. More information is available
at www.schwabassetmanagement.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
https://www.schwabassetmanagement.com/prospectus. Please read it
carefully before investing.
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. 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 and asset allocation strategies do not ensure a
profit and do not protect against losses in declining markets.
Fixed income securities are subject to increased loss of
principal during periods of rising interest rates. Fixed-income
investments are subject to various other risks including changes in
credit quality, market valuations, liquidity, prepayments, early
redemption, corporate events, tax ramifications and other
factors.
Schwab Asset Management™ is the dba name for Charles Schwab
Investment Management, Inc. (CSIM), the investment adviser for
Schwab ETFs. Schwab ETFs are distributed by SEI Investments
Distribution Co. (SIDCO). Schwab Asset Management is a separate but
affiliated company and subsidiary of The Charles Schwab Corporation
and is not affiliated with SIDCO.
0923-3CFX
1 Source: VettaFi, ETF Issuer AUM League Table, September 18,
2023.
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Christine Underhill Hudacko Charles Schwab 415-961-3790
Charles Schwab (NYSE:SCHW)
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