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.