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RETAIL REPORT: Schwab ETF OneSource Expands Commission-Free Lineup

Traders Magazine Online News, August 7, 2019

John D’Antona Jr.

Mega retail brokerage Schwab has upped the commission-free ETF ante once again.

The brokerage firm announced it has added 25 ETFs to Schwab ETF OneSource™, one of the first commission-free ETF programs in the industry. Clients can now access 539 ETFs covering 83 Morningstar Categories with $0 online commissions. Schwab ETF OneSource doesn’t charge enrollment requirements, early redemption fees and activity assessment fees.

“In Schwab’s 2019 ETF Investor Study, investors said a broad selection of ETF categories and no additional fees are critical differentiators when evaluating commission-free ETF programs2,” said Kari Droller, vice president of third-party mutual fund and ETF platforms at Schwab. “From day one, our priority with the Schwab ETF OneSource program has been to provide a broad lineup of commission-free ETFs that spans a variety of asset classes and index weightings to make it simple for investors and advisors to build highly diversified, commission-free ETF portfolios.”

Schwab ETF OneSource offers commission-free ETFs from 15 leading providers: Aberdeen Standard Investments, ALPS, DWS Group, Direxion, Global X Funds, IndexIQ, Invesco ETFs, iShares ETFs, John Hancock Investment Management, J.P. Morgan Asset Management, PIMCO, State Street Global Advisors SPDR® ETFs, USCF, WisdomTree and Charles Schwab Investment Management. The 83 Morningstar categories covered on Schwab ETF OneSource represent 98.79% of ETF assets in the industry3.

The 25 ETFs added are from seven providers and cover a range of Morningstar categories including Muni National Intermediate, Consumer Defensive, and Consumer Cyclical.

The funds added to Schwab ETF OneSource on July 9 are:

Fund Name

Ticker

Morningstar Category

Direxion FTSE Russell International Over US ETF

RWIU

Foreign Large Blend

Direxion FTSE Russell US Over International ETF

RWUI

Large Blend

Direxion MSCI Cyclicals Over Defensives ETF

RWCD

Consumer Cyclical

Direxion MSCI Defensives Over Cycles ETF

RWDC

Consumer Defensive

Direxion MSCI Developed Over Emerging Markets ETF

RWDE

World Large Stock

Direxion MSCI Emerging Over Developed Markets ETF

RWED

Diversified Emerging Markets

Direxion Russell 1000® Growth Over Value ETF

RWGV

Large Growth

Direxion Russell 1000® Value Over Growth ETF

RWVG

Large Value

Direxion Russell Large Over Small Cap ETF

RWLS

Large Blend

Direxion Russell Small Over Large Cap ETF

RWSL

Small Blend

Global X Cloud Computing ETF

CLOU

Technology

Global X MSCI Argentina ETF

ARGT

Miscellaneous Region

Global X MSCI China Financials ETF

CHIX

China Region

IQ MacKay Shields Municipal Insured ETF

MMIN

Muni National Intermediate

IQ MacKay Shields Municipal Intermediate ETF

MMIT

Muni National Intermediate

John Hancock Multifactor Media and Communications ETF

JHCS

Communications

JPMorgan BetaBuilders 1-5 Year US Aggregate Bond ETF

BBSA

Short-Term Bond

JPMorgan BetaBuilders Canada ETF

BBCA

Miscellaneous Region

JPMorgan BetaBuilders Developed Asia ex-Japan ETF

BBAX

Pacific/Asia ex-Japan Stock

JPMorgan BetaBuilders Europe ETF

BBEU

Europe Stock

JPMorgan BetaBuilders Japan ETF

BBJP

Japan Stock

JPMorgan Core Plus Bond ETF

JCPB

Intermediate Core-Plus Bond

JPMorgan Corporate Bond Research Enhanced ETF

JIGB

Corporate Bond

PIMCO Enhanced Low Duration Active ETF

LDUR

Short-Term Bond

SPDR® S&P Kensho New Economies Composite ETF

KOMP

Technology

Schwab ETF OneSource Assets Continue to Grow

To date in 2019, Schwab ETF OneSource has added 285 funds to the program, more than doubling the number of commission-free ETFs available to clients compared to last year. Assets in Schwab ETF OneSource were $182 billion as of May 31, 2019, up 81% compared to the same period in 2018. Year to date flows into ETFs in Schwab ETF OneSource are $13 billion, representing 70% of the total ETF flows at Schwab.

A complete list of Schwab ETF OneSource ETFs is available here.

Schwab ETF OneSource offers investors and advisors access to 500+ commission-free ETFs. Commission-free online trading is available to individual investors at Schwab, to approximately 7,000 independent investment advisors who use Schwab’s custodial services and through Schwab retirement accounts that permit trading of ETFs.

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