Charles Schwab Investment Management to Launch Schwab International Dividend Equity ETF
March 23 2021 - 4:30PM
Business Wire
Charles Schwab Investment Management, Inc. (CSIM) announced
today the Schwab International Dividend Equity ETF (SCHY) is
expected to begin trading on or around April 29, 2021. With an
operating expense ratio (OER) of 0.14%, the fund will be among the
lowest cost ETFs providing exposure to international dividend
equity securities.
“Every day, about 10,000 Baby Boomers turn 65 and many of them –
as well as other investors – are seeking income strategies as part
of a diversified portfolio,” said David Botset, SVP of Product
Strategy for CSIM. “We continue to see a spike in demand for
dividend equity funds, and are pleased to be expanding the range of
solutions we offer to include a low-cost international choice.”
The Schwab International Dividend Equity ETF will track the Dow
Jones International Dividend 100 Index and will be the 26th Schwab
ETF. For a complete list of the 25 Schwab ETFs available today, see
here.
About Charles Schwab Investment Management
As of December 31, 2020, CSIM managed approximately $549.2
billion on a discretionary basis and approximately $37.5 billion on
a non-discretionary basis. CSIM provides non-discretionary advisory
services to the Schwab Trust Bank Collective Investment Trusts,
including research and recommendations relating to asset
allocation, portfolio construction, cash-flow monitoring and
advisor selection and retention. Some trusts include multiple unit
classes. More information is available at www.schwabfunds.com.
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 aboutschwab.com. Follow us on
Twitter, 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 schwabfunds.com/prospectus.
Please read the prospectus 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 of ETF are bought and sold at market price, which
may be higher or lower than the net asset value (NAV).
International investments involve additional risks, which include
differences in financial accounting standards, currency
fluctuations, geopolitical risk, foreign taxes and regulations, and
the potential for illiquid markets. Investing in emerging markets
may accentuate these risks.
Dividend focused funds may underperform funds that do not limit
their investment to dividend paying stocks. Stocks held by the fund
may reduce or stop paying dividends, affecting the fund’s ability
to generate income.
Diversification strategies do not ensure a profit and do not
protect against losses in declining markets.
Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC (Dow Jones). The Dow Jones International Dividend 100
Index is a product of S&P Dow Jones Indices LLC and/or its
affiliates, and has been licensed for use by Charles Schwab
Investment Management, Inc. The Schwab International Dividend
Equity ETF is not sponsored, endorsed, sold or promoted by S&P
Dow Jones Indices LLC, Dow Jones, or any of their respective
affiliates and neither S&P Dow Jones Indices LLC, Dow Jones,
nor any of their respective affiliates make any representation
regarding the advisability of investing in such product. Charles
Schwab Investment Management, Inc. (CSIM) is the investment advisor
for Schwab ETFs. Schwab ETFs are distributed by SEI Investments
Distribution Co. (SIDCO). CSIM and Schwab, are separate but
affiliated companies and subsidiaries of The Charles Schwab
Corporation, and are not affiliated with SIDCO.
©2021 Charles Schwab Investment Management, Inc. All rights
reserved.
(0321-1H2Y)
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Erin Montgomery Charles Schwab Phone: 212-403-9271
Erin.Montgomery@schwab.com
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