Advertisement
ETFs

Schwab Program Nearly Doubles Commission-Free ETFs to 503 Funds

Schwab adds 246 funds to commission-free ETF OneSource program, brings iShares into the fold

Charles Schwab (SCHW) on Tuesday announced a roughly doubling of its program offering commission-free exchange-traded funds (ETFs), Schwab ETF OneSource.

OneSource currently offers a suite of 257 ETFs, commission-free, from 16 providers: Aberdeen Standard Investments, ALPS Advisors, DWS Group, Direxion, Global X ETFs, IndexIQ, Invesco, John Hancock Investments, JPMorgan Asset Management, Oppenheimer Funds, PIMCO, State Street Global Advisors SPDR ETFs, USCF, WisdomTree and Charles Schwab Investment Management.

Advertisement - Article continues below

However, Schwab’s program will expand to 503 funds via both additions from its current partners, as well as a new partner: BlackRock’s iShares ETF unit – the largest exchange-traded fund issuer with $1.4 trillion in assets under management.

Current partners that will expand their ETF lineups “significantly” are Invesco, SPDR and WisdomTree.

The expansion also will add to the number of Morningstar categories included, from 70 to 79. New to the fold will be Communications (the new GICS sector), Foreign Small/Mid Value, Latin America Stock, Long-Term Bond, Multisector Bond, Muni California Long, Muni National Intermediate, Muni New York Intermediate and World Small/Mid Stock.

“Today, nearly three in four investors tell us that ETFs are their investment vehicle of choice, and portfolio allocations continue to rise steadily,” said Kari Droller, Schwab’s vice president of third-party platforms. “Against that backdrop, we’re pleased to provide investors with significantly more choice and to welcome iShares ETFs to our family of providers.”

OneSource’s funds include a number of Schwab offerings that are either the lowest or among the lowest in annual expenses, too, such as Schwab U.S. Broad Market (SCHB, 0.03% annually), Schwab U.S. Large-Cap (SCHX, 0.03%), Schwab International Equity (SCHF, 0.06%) and Schwab U.S. Aggregate Bonds (SCHZ, 0.04%).

Other notable ETFs included via the commission-free program include:

  • Invesco Senior Loan ETF (BKLN), a Kiplinger ETF 20 selection
  • Invesco S&P 500 Equal Weight ETF (RSP)
  • Invesco S&P 500 Low Volatility ETF (SPLV)
  • ALPS Sector Dividend Dogs ETF (SDOG)
  • SPDR Stoxx Europe 50 ETF (FEU)
  • SPDR S&P China ETF (GXC)
  • Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR)
  • IQ Merger Arbitrage ETF (MNA)
  • Invesco Preferred ETF (PGX)
Advertisement
Advertisement

Most Popular

Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
September 18, 2020
Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check
Coronavirus and Your Money

Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check

The deadline for seniors and veterans to request an additional $500 stimulus check for a dependent child is approaching fast. See how you can claim yo…
September 25, 2020
3 Reasons to Wait Until 70 to Claim Social Security Benefits
social security

3 Reasons to Wait Until 70 to Claim Social Security Benefits

In a rush to file for Social Security benefits at age 62? Many people are, but slow down and do the math first.
September 29, 2020

Recommended

10 Best Stocks to Buy If President Donald Trump Wins Re-Election
stocks to buy

10 Best Stocks to Buy If President Donald Trump Wins Re-Election

The 2020 election likely will be a pivot point for several areas of the market. Here are some of the best stocks to own should President Donald Trump …
September 29, 2020
10 Best Stocks to Buy If Joe Biden Wins the Presidency
stocks to buy

10 Best Stocks to Buy If Joe Biden Wins the Presidency

If Joe Biden emerges from the Nov. 3 election victorious, these 10 picks could be some of the best stocks to own under the new administration.
September 29, 2020
The 5 Best iShares ETFs for a Core Portfolio
ETFs

The 5 Best iShares ETFs for a Core Portfolio

You can assemble a simple, diversified and dirt-cheap portfolio using just a handful of the best iShares ETFs from its 'Core' series.
September 18, 2020
50 Top Stock Picks That Billionaires Love
stocks

50 Top Stock Picks That Billionaires Love

These 50 companies, of various shapes and sizes, are among the top stock picks held by billionaire investors or high-asset hedge funds.
September 4, 2020