Charles Schwab Investment Management announces zero capital gains distributions for Schwab ETFs for 10th consecutive year

SAN FRANCISCO, December 19, 2019 — Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, announced today there will be no capital gains distributions for the 2019 tax year by any of the 25 exchange-traded funds (ETFs) in the Schwab ETF family. Since the inception of the very first Schwab ETFs 10 years ago, CSIM has paid zero capital gains on its entire ETF lineup. Schwab is the only ETF provider among the current top 10 to have never paid any ETF capital gainsi.

In early November, CSIM marked a decade since the launch of its first ETFs. Today CSIM is the fifth largest provider of ETFsii with more than $150 billion in assets as of September 30, 2019iii.

“Since their inception, Schwab ETFs have been a catalyst in helping to bring down fees dramatically across the ETF industry for the benefit of all investors,” said Jonathan de St. Paer, president of CSIM. “We understand both low fees and tax efficiency are important to investors. In addition to providing lowcost core building blocks for a portfolio, CSIM also works hard to create tax efficiency for investors with the Schwab ETFs. In a year when we’re celebrating our 10-year anniversary, this is icing on the cake.”

Schwab ETFs include both market-cap index ETFs and Fundamental Index® ETFs. For a complete list of the 25 Schwab ETFs, see here.

About Charles Schwab Investment Management, Inc.

With a straightforward lineup of core products and solutions for building the foundation of a portfolio, Charles Schwab Investment Management advocates for investors of all sizes with a steadfast focus on lowering costs and reducing unnecessary complexity. As of September 30, 2019, Charles Schwab Investment Management managed approximately $433.5 billion on a discretionary basis and approximately $16.7 billion on a non-discretionary basis.

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About Charles Schwab

At 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 Follow us on Twitter, Facebook, YouTube and LinkedIn.


Kaitlyn Downing
Charles Schwab