Schwab Asset Management announced on December 20, 2024, that none of its 32 exchange-traded funds (ETFs) will make capital gains distributions for the 2024 tax year. This is a beneficial outcome for investors holding these funds.
The absence of capital gains distributions means investors will not incur unexpected tax liabilities from their Schwab ETF holdings for the year. This feature can enhance the tax efficiency of these investment products.
This announcement reinforces Schwab's commitment to providing competitively priced and tax-efficient investment solutions, potentially increasing the appeal of its ETF lineup to a broader investor base.
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