Charles Schwab Investment Management, Inc. (CSIM) announced today that four Schwab Exchange-Traded Funds (ETFs) have received top honors from Morningstar, Inc. for providing the best investor experience over the past year compared to other ETFs in their respective categories.
Now in their second year, the Morningstar ETF Awards recognize ETFs and ETF providers that have ranked the highest in their category versus peers over the past year based on total cost of ownership and risk-adjusted performance. Total cost of ownership is comprised of estimated holding cost, tracking volatility and market impact cost.
The Schwab U.S. Broad Market ETF TM (SCHB) won the Investor class award out of 17 funds in Morningstar’s “U.S. ETF Large Blend” category. The Schwab Emerging Markets Equity ETF TM (SCHE) was cited as the Investor class winner out of 15 funds in Morningstar’s “U.S. ETF Diversified Emerging Markets” category. The Schwab U.S. Large-Cap Growth ETF TM (SCHG) ranked highest out of 13 funds in the “U.S. ETF Large Growth” category for the Investor class. And the Schwab International Equity ETF TM (SCHF) was the Investor class winner, besting a total of seven funds in the “U.S. ETF Foreign Large Blend” category.
“It’s an honor to be singled out for delivering the best investor experience in four different categories,” said Marie Chandoha, president and CEO of CSIM, which manages $14.28 billion in its 21 proprietary ETFs as of September 30, 2013. “Since the first Schwab ETF launched four years ago next month, we’ve been squarely focused on offering investors well-constructed ETFs at a great value and closely tracking our benchmarks, so it’s gratifying to have an industry leader like Morningstar recognize our efforts.”Investors can buy or sell Schwab ETFs TM commission-free online through Schwab accounts*. In addition to their Morningstar accolades, the four winning ETFs and 11 other market-cap weighted Schwab ETFs have the lowest operating expense ratios in their respective Lipper categories**. More details about the winners are below:
|Name of ETF||Ticker||Total Assets*||Operating Expense Ratio||Benchmark|
|Schwab U.S. Broad Market ETF||SCHB||$2.18B||0.04%||Dow Jones U.S. Broad Stock Market Index|
|Schwab Emerging Markets Equity ETF||SCHE||$811.91M||0.15%||FTSE Emerging Index|
|Schwab U.S. Large-Cap Growth ETF||SCHG||$823.65M||0.07%||Dow Jones U.S. Large-Cap Growth Total Stock Market Index|
|Schwab International Equity ETF||SCHF||$1.46B||0.09%||FTSE Developed ex-US Index|
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