Schwab Asset Management announced on June 9, 2025, a reduction in operating expense ratios (OERs) for four equity index ETFs, effective June 10, 2025. This move will make the cost of all Schwab equity and fixed income market cap-weighted index ETFs less than 10 basis points.
The company also announced forward share splits on six Schwab mutual funds, scheduled to occur on August 15, 2025. These splits will increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share, without altering the total value of a shareholder's investment or creating a taxable event.
These actions are part of Schwab's commitment to democratizing investing by providing low-cost, high-quality building blocks for diversified portfolios and increasing accessibility for investors.
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