(Business Wire) Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, is launching three new fixed income exchange-traded funds (ETFs).
The new fixed income ETFs, whose 0.06% operating expense ratios (OERs) are among the lowest in their respective projected Morningstar categories, will begin trading on October 10, 2019. The three funds are:
|
Ticker |
Fund Name |
Benchmark Index |
OER |
||||
|
SCHJ |
Schwab 1-5 Year Corporate Bond ETF |
Bloomberg Barclays U.S. |
0.06% |
||||
|
SCHI |
Schwab 5-10 Year Corporate Bond ETF |
Bloomberg Barclays U.S. |
0.06% |
||||
|
SCHQ |
Schwab Long-Term U.S. Treasury ETF |
Bloomberg Barclays U.S. |
0.06% |
“Investors are increasingly looking to bond ETFs as a potential source of diversification, liquidity and income, particularly in this time of heightened stock market volatility,” said Jonathan de St. Paer, president of CSIM. “As we approach the 10th anniversary of the launch of our very first ETFs, we’re proud to add these new ETFs to our roster of low-cost foundational ETFs, and to continue helping investors build diversified investment portfolios.”
A leader in asset management, CSIM is the nation’s fifth-largest ETF provider and currently manages more than $151 billion in ETF assets1. For a complete list of the 25 Schwab ETFs, see here.
