MutualFundWire.com: Schwab Unveils Three Bond ETFs

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Thursday, August 5, 2010

Schwab Unveils Three Bond ETFs

Charles Schwab [see profile] on Thursday rolled out three bond ETFs. The new offerings join eight equity products in the San Francisco-based firm's proprietary ETF roster.

Peter Crawford
Schwab
SVP

The Schwab U.S. TIPS ETF (SCHP) comes with an expense ratio of 14 basis points, Schwab Short-Term U.S. Treasury ETF (SCHO) has an expense ratio of 12 bps, and the Schwab Intermediate-Term U.S. Treasury ETF (SCHR), 12 bps. [SEC filing]

"Fixed Income ETFs are the fastest growing segment of the ETF market," said Peter Crawford, senior vice president at Schwab, in a news release. "We see tremendous potential for their continued growth."

SEI Investments Distribution Co. serves as the ETFs' distributor, State Street Bank and Trust Company is the transfer agent, custodian and fund accountant, PricewaterhouseCoopers LLP is the independent registered public accounting firm and Morgan Lewis & Bockius serves as legal counsel.

Printed from: MFWire.com/story.asp?s=33046

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