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.

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)

Most Popular

Yes, You Can Collect Social Security from an Ex-Spouse: Here’s How
social security

Yes, You Can Collect Social Security from an Ex-Spouse: Here’s How

It’s always smart to maximize your Social Security benefits, and if you are divorced, one way to do that might be to take them based on your ex’s earn…
May 13, 2021
Refunds for $10,200 Unemployment Tax Break to Begin This Week
Coronavirus and Your Money

Refunds for $10,200 Unemployment Tax Break to Begin This Week

The IRS will start issuing automatic refunds in mid-May to people eligible for the unemployment benefit tax exemption.
May 14, 2021
18 Worst Things to Buy at Dollar Stores
spending

18 Worst Things to Buy at Dollar Stores

These discount retailers stock plenty of bargains, but some of the merchandise isn’t worth the buck.
May 14, 2021

Recommended

10 Best Value ETFs to Buy for Bundled Bargains
ETFs

10 Best Value ETFs to Buy for Bundled Bargains

Value stocks are finally having their day, and many expect the run to continue. These are the best value ETFs to leverage this long-awaited revival.
May 14, 2021
Get Weekly Dividends With SoFi's New WKLY ETF
ETFs

Get Weekly Dividends With SoFi's New WKLY ETF

The fresh-faced SoFi Weekly Dividend ETF (WKLY) ups the ante on dividend frequency by paying its investors every seven days.
May 11, 2021
20 Best Stocks to Buy for the Joe Biden Presidency
stocks to buy

20 Best Stocks to Buy for the Joe Biden Presidency

We examine 20 of the best stocks to buy to take advantage of President Joe Biden's existing and expected policy initiatives.
April 30, 2021
Kip ETF 20: The Best Cheap ETFs
ETFs

Kip ETF 20: The Best Cheap ETFs

You can build a solid core for your portfolio and explore new opportunities with our favorite low-cost exchange-traded funds.
April 29, 2021