Schwab Asset Management®, the asset management arm of The
Charles Schwab Corporation and the fifth-largest provider of ETFs1,
today announced the reduction of operating expense ratios (OERs)
for four equity index ETFs along with forward share splits on six
Schwab mutual funds. The ETF fee reductions, effective June 10,
2025, will make the cost of all Schwab equity and fixed income
market cap-weighted index ETFs less than 10 basis points. The
forward share splits include the Schwab 1000 Index® Fund (SNXFX),
which, nearly 35 years after launch, will return to a net asset
value (NAV) more closely aligned to its initial share price of
$10.
Schwab Equity Index ETFs’ Expense Ratio Changes
Name of Fund (Ticker)
Operating Expense Ratio Prior
to June 10, 2025
Operating Expense Ratio After
June 10, 2025
Schwab 1000 Index® ETF (SCHK)
0.05%
0.03%
Schwab International Equity ETF (SCHF)
0.06%
0.03%
Schwab International Small-Cap Equity ETF
(SCHC)
0.11%
0.08%
Schwab Emerging Markets Equity ETF
(SCHE)
0.11%
0.07%
“Schwab is proud to be a leader in democratizing investing, and
we are constantly looking for new opportunities to make investing
as accessible as possible,” said John Sturiale, Head of Product
Management and Innovation, Schwab Asset Management. “Today, we’re
taking another important step in advancing our commitment to
providing investors with low-cost, high-quality building blocks for
a well-diversified portfolio.”
Forward share splits increase the number of shares outstanding
and decrease the NAV per share. The share splits will not alter the
rights or change the total value of a shareholder’s investment, nor
will they be a taxable event for shareholders. They are scheduled
to occur on August 15, 2025, and will apply to shareholders of
record on or about August 13, 2025.
Schwab Mutual Fund Share Splits
Name of Fund (Ticker)
Split Ratio
Schwab 1000 Index® Fund (SNXFX)
10-1 (Shareholders will receive ten shares
in exchange for every one share they currently own)
Schwab U.S. Large-Cap Growth Index Fund
(SWLGX)
8-1 (Shareholders will receive eight
shares in exchange for every one share they currently own)
Schwab Total Stock Market Index Fund
(SWTSX)
7-1 (Shareholders will receive seven
shares in exchange for every one share they currently own)
Schwab S&P 500 Index Fund (SWPPX)
6-1 (Shareholders will receive six shares
in exchange for every one share they currently own)
Schwab U.S. Mid-Cap Index Fund (SWMCX)
5-1 (Shareholders will receive five shares
in exchange for every one share they currently own)
Schwab U.S. Large-Cap Value Index Fund
(SWLVX)
4-1 (Shareholders will receive four shares
in exchange for every one share they currently own)
These moves to increase accessibility for investors come on the
heels of Schwab’s launch of National Investing Day on May 1, 2025.
The day, which will be recognized annually, aims to raise awareness
about the power of long-term investing and inspire more people to
get invested and stay invested. Schwab’s efforts to reduce barriers
to investing, raise awareness and provide robust investing
education are all part of its enduring mission to help people reach
their financial goals.
To learn more about Schwab Asset Management’s entire lineup of
ETFs and mutual funds, visit www.schwabassetmanagement.com.
About Schwab Asset Management
One of the industry’s largest and most experienced asset
managers, Schwab Asset Management offers a focused lineup of
competitively priced ETFs, mutual funds and separately managed
account strategies designed to serve the central needs of most
investors. By operating through clients’ eyes, and putting them at
the center of our decisions, we aim to deliver exceptional
experiences to investors and the financial professionals who serve
them. As of March 31, 2025, Schwab Asset Management managed
approximately $1.4 billion on a discretionary basis and $33.8
billion on a non-discretionary basis. More information is available
at www.schwabassetmanagement.com.
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.
More information is available at www.aboutschwab.com. Follow us
on X, Facebook, YouTube and LinkedIn.
Disclosures:
Investors should consider carefully information contained in
the prospectus, or if available, the summary prospectus, including
investment objectives, risks, charges and expenses. You can view
and download a prospectus by visiting
https://www.schwabassetmanagement.com/prospectus. Please read it
carefully before investing.
Investment returns will fluctuate and are subject to market
volatility, so that an investor’s shares, when redeemed or sold,
may be worth more or less than their original cost. Unlike mutual
funds, shares of ETFs are not individually redeemable directly with
the ETF. Shares are bought and sold at market price, which may be
higher or lower than the net asset value (NAV).
Diversification and asset allocation strategies do not ensure a
profit and do not protect against losses in declining markets.
Schwab Asset Management® is the dba name for Charles Schwab
Investment Management, Inc., the investment adviser for Schwab
Funds, Schwab ETFs, and separately managed account strategies.
Schwab Funds are distributed by Charles Schwab & Co, Inc.
(Schwab), Member SIPC. Schwab ETFs are distributed by SEI
Investments Distribution Co. (SIDCO). Schwab Asset Management and
Schwab are separate but affiliated companies and subsidiaries of
The Charles Schwab Corporation, and are not affiliated with
SIDCO.
0625-0059
____________________
1 Source: Lipper, March 31, 2025.
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version on businesswire.com: https://www.businesswire.com/news/home/20250609650185/en/
Christine Underhill Charles Schwab 415-961-3790
Charles Schwab (NYSE:SCHW)
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