RETAIL REPORT: Schwab ETF OneSource Expands Commission-Free Lineup

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 programsin the industry. Starting July 9, clients can access 539 ETFs covering 83 Morningstar Categories with $0 online commissions. Schwab ETF OneSource doesnt charge enrollment requirements, early redemption fees and activity assessment fees.

In Schwabs2019 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


Morningstar Category

Direxion FTSE Russell International Over US ETF


Foreign Large Blend

Direxion FTSE Russell US Over International ETF


Large Blend

Direxion MSCI Cyclicals Over Defensives ETF


Consumer Cyclical

Direxion MSCI Defensives Over Cycles ETF


Consumer Defensive

Direxion MSCI Developed Over Emerging Markets ETF


World Large Stock

Direxion MSCI Emerging Over Developed Markets ETF


Diversified Emerging Markets

Direxion Russell 1000 Growth Over Value ETF


Large Growth

Direxion Russell 1000 Value Over Growth ETF


Large Value

Direxion Russell Large Over Small Cap ETF


Large Blend

Direxion Russell Small Over Large Cap ETF


Small Blend

Global X Cloud Computing ETF



Global X MSCI Argentina ETF


Miscellaneous Region

Global X MSCI China Financials ETF


China Region

IQ MacKay Shields Municipal Insured ETF


Muni National Intermediate

IQ MacKay Shields Municipal Intermediate ETF


Muni National Intermediate

John Hancock Multifactor Media and Communications ETF



JPMorgan BetaBuilders 1-5 Year US Aggregate Bond ETF


Short-Term Bond

JPMorgan BetaBuilders Canada ETF


Miscellaneous Region

JPMorgan BetaBuilders Developed Asia ex-Japan ETF


Pacific/Asia ex-Japan Stock

JPMorgan BetaBuilders Europe ETF


Europe Stock

JPMorgan BetaBuilders Japan ETF


Japan Stock

JPMorgan Core Plus Bond ETF


Intermediate Core-Plus Bond

JPMorgan Corporate Bond Research Enhanced ETF


Corporate Bond

PIMCO Enhanced Low Duration Active ETF


Short-Term Bond

SPDR S&P Kensho New Economies Composite ETF



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 availablehere.

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 Schwabs custodial services and through Schwab retirement accounts that permit trading of ETFs.