Mega-retail brokerage Schwab has upped the commission-free ETF ante once again.
The brokerage firm announced it has added 25 ETFs to Schwab ETF OneSource, one of the first commission-free ETF programsin the industry. Starting July 9, clients can access 539 ETFs covering 83 Morningstar Categories with $0 online commissions. Schwab ETF OneSource doesnt charge enrollment requirements, early redemption fees and activity assessment fees.
In Schwabs2019 ETF Investor Study, investors said a broad selection of ETF categories and no additional fees are critical differentiators when evaluating commission-free ETF programs2, said Kari Droller, vice president of third-party mutual fund and ETF platforms at Schwab. From day one, our priority with the Schwab ETF OneSource program has been to provide a broad lineup of commission-free ETFs that spans a variety of asset classes and index weightings to make it simple for investors and advisors to build highly diversified, commission-free ETF portfolios.
Schwab ETF OneSource offers commission-free ETFs from 15 leading providers: Aberdeen Standard Investments, ALPS, DWS Group, Direxion, Global X Funds, IndexIQ, Invesco ETFs, iShares ETFs, John Hancock Investment Management, J.P. Morgan Asset Management, PIMCO, State Street Global Advisors SPDR ETFs, USCF, WisdomTree and Charles Schwab Investment Management. The 83 Morningstar categories covered on Schwab ETF OneSource represent 98.79% of ETF assets in the industry3.
The 25 ETFs added are from seven providers and cover a range of Morningstar categories including Muni National Intermediate, Consumer Defensive, and Consumer Cyclical.
The funds added to Schwab ETF OneSource on July 9 are:
|
Fund Name |
Ticker |
Morningstar Category |
|
Direxion FTSE Russell International Over US ETF |
RWIU |
Foreign Large Blend |
|
Direxion FTSE Russell US Over International ETF |
RWUI |
Large Blend |
|
Direxion MSCI Cyclicals Over Defensives ETF |
RWCD |
Consumer Cyclical |
|
Direxion MSCI Defensives Over Cycles ETF |
RWDC |
Consumer Defensive |
|
Direxion MSCI Developed Over Emerging Markets ETF |
RWDE |
World Large Stock |
|
Direxion MSCI Emerging Over Developed Markets ETF |
RWED |
Diversified Emerging Markets |
|
Direxion Russell 1000 Growth Over Value ETF |
RWGV |
Large Growth |
|
Direxion Russell 1000 Value Over Growth ETF |
RWVG |
Large Value |
|
Direxion Russell Large Over Small Cap ETF |
RWLS |
Large Blend |
|
Direxion Russell Small Over Large Cap ETF |
RWSL |
Small Blend |
|
Global X Cloud Computing ETF |
CLOU |
Technology |
|
Global X MSCI Argentina ETF |
ARGT |
Miscellaneous Region |
|
Global X MSCI China Financials ETF |
CHIX |
China Region |
|
IQ MacKay Shields Municipal Insured ETF |
MMIN |
Muni National Intermediate |
|
IQ MacKay Shields Municipal Intermediate ETF |
MMIT |
Muni National Intermediate |
|
John Hancock Multifactor Media and Communications ETF |
JHCS |
Communications |
|
JPMorgan BetaBuilders 1-5 Year US Aggregate Bond ETF |
BBSA |
Short-Term Bond |
|
JPMorgan BetaBuilders Canada ETF |
BBCA |
Miscellaneous Region |
|
JPMorgan BetaBuilders Developed Asia ex-Japan ETF |
BBAX |
Pacific/Asia ex-Japan Stock |
|
JPMorgan BetaBuilders Europe ETF |
BBEU |
Europe Stock |
|
JPMorgan BetaBuilders Japan ETF |
BBJP |
Japan Stock |
|
JPMorgan Core Plus Bond ETF |
JCPB |
Intermediate Core-Plus Bond |
|
JPMorgan Corporate Bond Research Enhanced ETF |
JIGB |
Corporate Bond |
|
PIMCO Enhanced Low Duration Active ETF |
LDUR |
Short-Term Bond |
|
SPDR S&P Kensho New Economies Composite ETF |
KOMP |
Technology |
Schwab ETF OneSource Assets Continue to Grow
To date in 2019, Schwab ETF OneSource has added 285 funds to the program, more than doubling the number of commission-free ETFs available to clients compared to last year. Assets in Schwab ETF OneSource were $182 billion as of May 31, 2019, up 81% compared to the same period in 2018. Year to date flows into ETFs in Schwab ETF OneSource are $13 billion, representing 70% of the total ETF flows at Schwab.
A complete list of Schwab ETF OneSource ETFs is availablehere.
Schwab ETF OneSource offers investors and advisors access to 500+ commission-free ETFs. Commission-free online trading is available to individual investors at Schwab, to approximately 7,000 independent investment advisors who use Schwabs custodial services and through Schwab retirement accounts that permit trading of ETFs.
