Latest news with #JohnSturiale
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a day ago
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Fee Reductions for Four Schwab ETFs as Charles Schwab (SCHW) Announces Mutual Fund Share Splits
The Charles Schwab Corporation (NYSE:SCHW) is one of the best Goldman Sachs bank stocks. Schwab Asset Management, the investment arm of The Charles Schwab Corporation and the fifth-largest ETF provider, announced that it is lowering the fees for four of its equity index ETFs, starting June 10, 2025. With these changes, all of Schwab's market-cap-weighted equity and bond index ETFs will now have fees under 0.10%. In addition, SCHW is planning forward share splits for six of its mutual funds, including the Schwab 1000 Index Fund (SNXFX). This fund, launched nearly 35 years ago, will return to a share price closer to its original $10 value. A forward share split increases the number of shares while lowering the price per share, but it does not change the total value of an investor's holdings or trigger taxes. These splits will take place on August 15, 2025, for shareholders listed by August 13. Jonathan Weiss/ John Sturiale, Schwab's Head of Product Management and Innovation, said this move reflects the company's ongoing effort to make investing easier and more affordable. It follows Schwab's recent launch of National Investing Day on May 1, 2025, which aims to encourage long-term investing and help more people take charge of their financial futures. The Charles Schwab Corporation (NYSE:SCHW) is an American financial services company offering wealth management, brokerage, banking, asset management, custody, and advisory services. While we acknowledge the potential of SCHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
5 days ago
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Schwab Keeps Industry's ETF Fee Cuts Rolling
It's not just a 'cheap trick' — Charles Schwab this week cut fees this week on four ETFs. It wants you to want them. The company on Monday cleaved costs, in some cases by as much as half, on its $4 billion 1000 Index ETF (3 basis points, down from 5); $48 billion International Equity ETF (3, down from 6); $4.4 billion International Small-Cap Equity ETF (8, down from 11); and $10 billion Emerging Markets Equity ETF (7, down from 11). 'We continually review our cost-effective product suite to find new opportunities to lower costs for investors,' John Sturiale, head of product management and innovation at Schwab Asset Management, said in a statement to ETF Upside. 'With these fee reductions, all Schwab market-cap weighted index ETFs are now available for less than 10 basis points.' READ ALSO: Weight-Loss Drug ETFs Generate Skinnier Returns Than Expected and WisdomTree Branches Out to Private Credit It's not the first time in recent history that Schwab has pared expenses on its exchange-traded funds. In February, it reduced the fee on its International Dividend Equity ETF from 14 basis points to 8. It also dropped fees on seven of its passive fixed income ETFs in 2022, with all but one dropping to 3 basis points. The company further trimmed its remaining ETFs in that category to 3 basis points a year later. The fresh round of fee cuts shows 'a continued desire on Schwab's part to be a low-cost leader in ETFs,' said Zach Evens, a manager research analyst at Morningstar Research Services. Of course, the company also has to compete with the likes of Vanguard, State Street, and others that provide bargain-basement pricing, he noted. And Vanguard earlier this year made the biggest set of fee cuts in its history — it reduced expenses by an average of 20% across 87 funds. Along with the new ETF fee reductions, Schwab announced share splits for half a dozen of its mutual funds: The Schwab 1000 Index, US Large-Cap Growth Index and Total Stock Market Index funds will see splits of 10-1, 8-1 and 7-1, respectively. The Schwab S&P 500 Index, US Mid-Cap Index and US Large-Cap Value Index funds will get split by 6-1, 5-1 and 4-1, respectively. But Don't Give Yourself Away: Costs have come down considerably in ETFs, particularly on an asset-weighted basis. Investors choose passive ETFs largely because of the low costs, so shopping around for the best deals makes sense. 'Investors overwhelmingly favor cheap products and cheap ETFs,' Evens said. 'And that brings down the average fee that investors pay.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 days ago
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Schwab to Cut Expenses on 4 ETFs as Fee Wars Wind Down
Charles Schwab Corp. (SCHW) slashed fees on four of its equity exchange-traded funds, bringing the cost of all its equity and fixed-income market-cap-weighted index ETFs below 10 basis points, according to a company announcement Monday. The fee cuts come as Morningstar reports fund fees hit record lows in 2024, with many index funds and ETFs approaching what may be a pricing floor as some providers offer zero-fee options, according to the research firm's annual study. The moves highlight how investors continue to favor the cheapest funds, with the cheapest 20% of funds attracting $930 billion in net inflows last year. Read More: Fund Fees at Record Lows but Decline Is Slowing: Morningstar The reductions, effective June 10, affect the Schwab 1000 Index ETF (SCHK), the Schwab International Equity ETF (SCHF), the Schwab International Small-Cap Equity ETF (SCHC) and the Schwab Emerging Markets Equity ETF (SCHE), according to the release. SCHK, which tracks 1,000 of the largest U.S.-listed stocks and manages $4.1 billion in assets, saw its expense ratio drop from 0.05% to 0.03%, according to Schwab Asset Management. The fund has returned 2.5% year to date, with Microsoft Corp. (MSFT) and NVIDIA Corp. (NVDA) as its top holdings at 6.3% and 6.2%, respectively. SCHF, the company's $48.1 billion international equity fund, had its fees cut from 0.06% to 0.03%, according to the announcement. The fund, which tracks the FTSE Developed ex-US Index and has gained 18.2% this year, holds SAP SE and ASML Holding NV as its largest positions. John Sturiale, head of product management and innovation at Schwab Asset Management, said the company is looking for new opportunities to make investing more accessible, according to the press release. SCHC, focused on international small-cap stocks with $4.4 billion in assets, saw its expense ratio reduced from 0.11% to 0.08%, according to Schwab. The fund has posted a 19.3% return this year and holds WSP Global Inc. as its top position. SCHE, the emerging markets fund managing $10 billion, had its fees lowered from 0.11% to 0.07%, according to the filing. Taiwan Semiconductor Manufacturing Co. (TSM) represents 9.5% of the fund's holdings, with the ETF gaining 10.4% year to date. The broader industry has seen fees approach rock-bottom levels, with many index funds already charging less than 0.05%, according to Morningstar. Some providers now offer zero-fee options, suggesting the price wars of recent years may be winding down, the research firm noted. Schwab also announced forward share splits on six mutual funds, including the Schwab 1000 Index Fund (SNXFX), which will undergo a 10-for-1 split to return its net asset value closer to its initial $10 share price after nearly 35 years, according to the company. The splits are scheduled for August 15, | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
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Schwab Asset Management Reduces Fees on Four Equity Index ETFs and Announces Mutual Fund Share Splits
WESTLAKE, Texas, June 09, 2025--(BUSINESS WIRE)--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 toJune 10, 2025 Operating Expense Ratio AfterJune 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 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 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 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 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. View source version on Contacts Christine UnderhillCharles Schwab415-961-3790 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
