This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Schwab ETFsTM Report Zero Capital Gains Distributions In 2013

Charles Schwab Investment Management announced today that there will be no capital gains distributions in 2013 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETF™ family.

“We’re very pleased to be maintaining our track record of tax efficiency across all Schwab ETFs, having never distributed capital gains since we launched our first ETFs in 2009,” said John Sturiale, vice president of product management for Charles Schwab & Co., Inc. “Every penny counts when evaluating a fund’s total costs, and tax efficiency is a critical component for investors, along with low operating expense ratios, narrow bid-ask spreads, and commission-free online trading in your Schwab account.”

Schwab ETFs, including the six new Schwab Fundamental Index* ETFs rolled out in August, had $16.1 billion in assets as of November 29, 2013, up from $8.2 billion at the end of November 2012. Schwab’s six proprietary Fundamental Index ETFs track the Russell Fundamental Index® Series and weight securities based on objective measures of a company’s size. The funds were quick to gain traction among investors and advisors, growing to $169 million in AUM by November 29, 2013.

Several Schwab ETFs recently received awards for best investor experience over the past year from Morningstar – including Schwab U.S. Broad Market ETF™ (SCHB) for the “U.S. ETF Large Blend” category; Schwab Emerging Markets Equity ETF™ (SCHE) for the “U.S. ETF Diversified Emerging Markets” category; Schwab U.S. Large-Cap Growth ETF™ (SCHG) for the “U.S. ETF Large Growth” category; and Schwab International Equity ETF™ (SCHF) for the “U.S. ETF Foreign Large Blend” category.

Schwab remains an industry leader in serving ETF investors. The company launched Schwab ETFs in November 2009, becoming the first to introduce commission-free online trading of ETFs in client accounts 1. In addition, all of Schwab’s market-cap weighted proprietary ETFs have the lowest operating expense ratios in their respective Lipper categories 2.

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 $231 billion in assets under management as of September 30, 2013. 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 sub-advised Laudus Fund family. CSIM currently manages 76 mutual funds, 22 of which are actively-managed funds, in addition to two separate account model portfolios, and 21 ETF offerings.

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.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs