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Schwab Expands Commission-Free ETF Offerings

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Schwab has expanded its commission-free ETF OneSource program, adding 15 more funds for a total of 245, effective July 6, 2017.

The new funds are primarily a mixture of commodities, high-yield and stock funds, both domestic and foreign, but they also include a master limited partnership and an energy infrastructure fund from Global X.

“Schwab ETF OneSource continues to grow as investors and advisors allocate more of their portfolios to ETFs,” said Heather Fischer, Vice president, ETF and Mutual Fund Platforms at Schwab, in a statement.

(Related: ETFs Start Year Fast With $245 Billion of Flows in First Half)

Indeed, in the first half of this year, a record $245 billion flowed into ETFs, according to State Street Global Advisors.

(Related: BNY Mellon’s Pershing Launches No-Fee ETF Platform: Portfolio Products)

Almost $11 billion flowed into Schwab ETF OneSource funds during the first five months of 2017, up 22%. By the end of May, those assets totaled $84 billion.

All 15 of the ETFs newly added to Schwab’s ETF OneSource program are index funds but several are also factor-specific such as the SPDR Russell 1000 low volatility, moment and yield ETFs, all from State Street Global Advisors.

The new ETF OneSource funds break down as follows: nine stock, three commodities, two high-yield and one MLP fund.

Four are from State Street, three from Deutsche Bank (Deutsche X-trackers); two from Global X, one each from Wisdom Tree, Guggenheim, John Hancock, JPMorgan, USCF and MainStay Investments, an indirect subsidiary of New York Life Investment Management. Altogether 16 ETF providers are represented on Schwab’s ETF OneSource platform.

“It’s extremely important to offer a broad selection of ETF categories and ETF providers, so that investors have the most choice when evaluating commission-free ETFs,” said Fischer.

The new additions are listed below.


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