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Marie A. Chandoha, President And Chief Executive Officer Of Charles Schwab Investment Management Inc. (Photo: Business Wire)

Investors searching for core, low-cost exchange-traded funds (ETFs) to use as the building blocks of their portfolios helped push Schwab ETFs to a new milestone: the suite of 15 equity and fixed income ETFs reached $10.02 billion in assets under management as of February 8, 2013. Charles Schwab Investment Management (CSIM) reached this threshold just slightly more than three years after launching its first proprietary ETFs in November 2009.

Marie A. Chandoha, President and Chief Executive Officer of Charles Schwab Investment Management Inc ...

Marie A. Chandoha, President and Chief Executive Officer of Charles Schwab Investment Management Inc. (Photo: Business Wire)

“I want to thank investors for choosing Schwab ETFs as the right place for their hard-earned assets,” said Marie Chandoha, president of CSIM. “For Schwab ETFs, what matters most is that we continue evolving to meet client demand for quality ETFs in key asset classes at an incredible value. And, we think that crossing the $10 billion mark in such a short period of time is just the beginning.”

When Schwab debuted its first ETFs in 2009, the company broke new ground by offering them to clients commission-free online 1. In September 2012, Schwab made investing in ETFs more affordable for clients again by slashing expense ratios on all Schwab ETFs – they each have the lowest operating expense ratios in their respective Lipper categories 2.

Schwab’s 15 proprietary ETFs continue to be available commission-free online, and are part of the new $0 commission Schwab ETF OneSource™ featuring 105 ETFs from leading providers in major asset classes 1. CSIM’s suite of ETFs spans the major asset classes, providing retail investors with the core building blocks of an investment portfolio. Eight of the funds now have a three-year track record, none have paid capital gains distributions to date, and all have competitive tracking errors. Three Schwab ETFs have over $1 billion in assets under management, including the Schwab Broad Market ETF (SCHB), Schwab International Equity ETF (SCHF) and Schwab U.S. Large-Cap ETF (SCHX). The Schwab Emerging Markets Equity ETF (SCHE) has $871 million in assets as of February 8, 2013.

Schwab ETFs

        Symbol       Description      

Assets Under Management 2

     

Expense Ratio

 

Domestic Equity ETFs

 
SCHB       Schwab U.S. Broad Market ETF       $1.630 Bn       0.04%  
SCHX       Schwab U.S. Large-Cap ETF       $1.200 Bn       0.04%  
SCHG       Schwab U.S. Large-Cap Growth ETF       $0.602 Bn       0.07%  
SCHV       Schwab U.S. Large-Cap Value ETF       $0.479 Bn       0.07%  
SCHD       Schwab U.S. Dividend Equity ETF       $0.658 Bn       0.07%  
SCHM       Schwab U.S. Mid-Cap ETF       $0.430 Bn       0.07%  
SCHA       Schwab U.S. Small-Cap ETF       $0.917 Bn       0.10%  
SCHH       Schwab U.S. REIT ETF       $0.448 Bn       0.07%  
International Equity ETFs  
SCHF       Schwab International Equity ETF       $1.130 Bn       0.09%  
SCHC       Schwab International

Small-Cap Equity ETF

      $0.231 Bn       0.20%  
SCHE       Schwab Emerging

Markets Equity ETF

      $0.871 Bn       0.15%  
Fixed Income ETFs  
SCHZ       Schwab U.S. Aggregate Bond ETF       $0.385 Bn       0.05%  
SCHP       Schwab U.S. TIPS ETF       $0.578 Bn       0.07%  
SCHO       Schwab Short-Term

U.S. Treasury ETF

      $0.255 Bn       0.08%  
SCHR       Schwab Intermediate-Term

U.S. Treasury ETF

      $0.207 Bn       0.10%  

Schwab is an industry leader in serving ETF investors, with $152 billion in client ETF assets as of 12/31/12. The company offers a host of resources to help clients understand and choose ETFs that fit their investment needs, including the Schwab ETF Select List™; tutorials, research and tools available via Schwab’s online ETF center; workshops at local Schwab branches; and the Schwab ETF Education Exchange™, a new website aggregating educational content and market insights from ETF industry leaders.

About Charles Schwab Investment Management

Founded in 1989, Charles Schwab Investment Management, Inc. (CSIM), a subsidiary of The Charles Schwab Corporation, is one of the nation's largest asset management companies with $219.3 billion in assets under management as of December 31, 2012. It is among the country's largest money market fund managers and is the third-largest provider of retail index funds 3. In addition to managing Schwab’s proprietary funds, CSIM provides oversight for the institutional-style, sub-advised Laudus Fund family. CSIM currently manages 76 mutual funds in addition to two separate account model portfolios, and 15 ETFs.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.8 million active brokerage accounts, 1.6 million corporate retirement plan participants, 874,000 banking accounts, and $2.01 trillion in client assets as of January 31, 2013. The Company was ranked ‘Highest in Investor Satisfaction With Self-Directed Services’ in the 2012 US Self-Directed Investor Satisfaction StudySM from J.D Power and Associates. Through its operating subsidiaries, the Company 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. (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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