Schwab Expands Commission-Free ETF Offerings

All 15 of the ETFs newly added to Schwab's ETF OneSource program are index funds but several are also factor-specific such as the SPDR Russell 1000 low volatility, moment and yield ETFs, all from State Street Global Advisors.

The new ETF OneSource funds break down as follows: nine stock, three commodities, two high-yield and one MLP fund.

Four are from State Street, three from Deutsche Bank (Deutsche X-trackers); two from Global X, one each from Wisdom Tree, Guggenheim, John Hancock, JPMorgan, USCF and MainStay Investments, an indirect subsidiary of New York Life Investment Management. Altogether 16 ETF providers are represented on Schwab's ETF OneSource platform.

"It's extremely important to offer a broad selection of ETF categories and ETF providers, so that investors have the most choice when evaluating commission-free ETFs," said Fischer.

The new additions are listed below.

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