Schwab’s ETF OneSource, its commission-free ETF platform, is adding 12 new ETFs to its lineup, effective Wednesday. With the additions, the total number of OneSource ETFs jumps to 254 funds covering 69 Morningstar categories.
In addition to commission-free trades, the OneSource ETF platform has no enrollment requirements nor early redemption fees, which Schwab says differentiates its platform from other commission-free ETF offerings.
“According to our research, trading ETFs without commissions or other fees continues to grow in importance for investors, so we’re thrilled to continuously expand our selection of ETFs,” said Heather Fischer, vice president of ETF and mutual fund platforms and client solutions strategy at Charles Schwab, in a statement.
She added that ETF providers also continue “to see value in the programs… [as] they’ve continued to add to our programs.” The platform includes funds from 16 different ETF providers.
Flows onto Schwab’s ETF OneSource platform grew by $21.5 billion, or 49%, year to date through Nov. 30, lifting total assets above $100 billion. More than 30 new ETFs were added in 2017.
The latest additions to the platform include three from Pimco, two from State Street (SPDR ETFs), Guggenheim and Deutsche Asset Management (Xtrackers). Nine are stock funds, including six focusing on foreign stocks, and three are bond funds. Three of the stock ETFs are multi-factor funds.
Following is a list of the funds added to Schwab ETF OneSource today:
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