Schwab Asset Management Announces Zero Capital Gains Distributions for Schwab ETFs for 2023
18 Dicembre 2023 - 3:00PM
Business Wire
Schwab Asset Management®, the asset management arm of The
Charles Schwab Corporation, today announced there will be no
capital gains distributions for the 2023 tax year by any of the 30
exchange-traded funds (ETFs) in the Schwab ETF family.
“Schwab ETFs delivered another year of zero capital gains,
adding to a strong track record of tax efficiency,” said Nicohl
Bogan, Director of Product Strategy and Development, Schwab Asset
Management. “Investors continue choosing ETFs for low-cost access
to a range of asset classes and strategies, and tax efficiency in a
variety of market environments.”
Schwab Asset Management is the fifth largest provider of ETFs
with more than $306 billion in ETF assets1. With an average
asset-weighted operating expense ratio of 8 bps, Schwab ETFs span
six asset classes. Schwab Asset Management continued driving lower
costs for investors in 2023 aligning operating expense ratios for
all its fixed income ETFs at three basis points. The firm also
launched the Schwab High Yield Bond ETF (NYSE Arca: SCYB), bringing
investors simple, low-cost access to the U.S. dollar denominated
high yield corporate bond market.
About Schwab Asset Management
One of the industry’s largest and most experienced asset
managers, Schwab Asset Management offers a focused lineup of
competitively priced ETFs, mutual funds and separately managed
account strategies designed to serve the central needs of most
investors. By operating through clients’ eyes, and putting them at
the center of our decisions, we aim to deliver exceptional
experiences to investors and the financial professionals who serve
them. As of September 30, 2023, Schwab Asset Management managed
approximately $928.7 billion on a discretionary basis and $30.9
billion on a non-discretionary basis. More information is available
at www.schwabassetmanagement.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 www.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
download a prospectus by visiting
https://www.schwabassetmanagement.com/prospectus. Please read it
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 an ETF are bought and sold at market price,
which may be higher or lower than the net asset value (NAV).
Fixed income securities are subject to increased loss of
principal during periods of rising interest rates. Fixed-income
investments are subject to various other risks including changes in
credit quality, market valuations, liquidity, prepayments, early
redemption, corporate events, tax ramifications and other
factors.
High-yield securities and unrated securities of similar credit
quality (junk bonds) are subject to greater levels of credit and
liquidity risks and may be more volatile than higher-rated
securities. High-yield securities are considered predominately
speculative with respect to the issuer’s continuing ability to make
principal and interest payments.
The fund may invest in U.S.-registered, dollar-denominated bonds
of non-U.S. corporations. The fund’s investments in bonds of
non-U.S. issuers may involve certain risks that are greater than
those associated with investments in securities of U.S. issuers.
These include risks of adverse changes in foreign economic,
political, regulatory and other conditions; the imposition of
economic sanctions or other government restrictions; differing
accounting, auditing, financial reporting and legal standards and
practices; differing securities market structures; and higher
transaction costs. These risks may be heightened in connection with
bonds issued by non-U.S. corporations and entities in emerging
markets.
“ICE®” is a registered trademark of ICE Data Indices, LLC or its
affiliates and “BofA®” is a registered trademark of Bank of America
Corporation licensed by Bank of America Corporation and its
affiliates (“BofA”) and may not be used without BofA’s prior
written approval. These trademarks have been licensed, along with
the ICE BofA US Cash Pay High Yield Constrained Index (“Index”) for
use by Charles Schwab Investment Management, Inc., dba Schwab Asset
Management, in connection with the Schwab High Yield Bond ETF. The
Schwab High Yield Bond ETF is not sponsored, endorsed, sold or
promoted by ICE Data Indices, LLC, its affiliates or its
Third-Party Suppliers (“ICE Data and its Suppliers”). ICE Data and
its Suppliers make no representations or warranties regarding the
advisability of investing in the Schwab High Yield Bond ETF. Past
performance of an Index is not an indicator of or a guarantee of
future results. The full ICE Data Indices, LLC disclaimer is
located in the Schwab High Yield Bond ETF's statutory prospectus
and/or statement of additional information located here:
https://www.schwabassetmanagement.com/prospectus and such ICE Data
Indices, LLC disclaimer is expressly incorporated here by
reference.
Schwab Asset Management® is the dba name for Charles Schwab
Investment Management, Inc., the investment adviser for Schwab
ETFs. Schwab ETFs are distributed by SEI Investments Distribution
Co. (SIDCO). Schwab Asset Management is a separate but affiliated
company and subsidiary of The Charles Schwab Corporation, and is
not affiliated with SIDCO.
1223-36X4
1 Source: ETF.com. ETF Brand League Table as of December 14,
2023.
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