Daily ETF Watch: Schwab Adds To OneSource

Charles Schwab has once again expanded the lineup of its OneSource ETF program. OneSource allows Schwab clients to trade a selection of ETFs covering core asset classes free of commissions. The lineup, which covers 226 funds with these latest additions, encompasses Schwab’s entire ETF offering and products from 15 other ETF issuers.

The newest additions include a combined 12 funds from Deutsche Bank and John Hancock, two firms that were not previously represented in the program, the press release said. Guggenheim Investments, a longtime member firm in the program, has also added two more of its target-date-maturity bond funds to replace the two funds that matured at the end of 2015.

The list of new additions is as follows:

• Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF | B-71)
• Deutsche X-trackers MSCI Emerging Markets Hedged Equity ETF (DBEM | D-74)
• Deutsche X-trackers MSCI All World ex US Hedged Equity ETF (DBAW | C-68)
• Deutsche X-trackers MSCI Eurozone Hedged Equity ETF (DBEZ | D-55)
• Deutsche X-trackers Municipal Infrastructure Revenue Bond ETF (RVNU | D-73)
• Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW)
• Guggenheim BulletShares 2025 Corporate Bond ETF (BSCP)
• Guggenheim BulletShares 2023 High Yield Corporate Bond ETF (BSJN)
• John Hancock Multifactor Consumer Discretionary ETF (JHMC)
• John Hancock Multifactor Financials ETF (JHMF)
• John Hancock Multifactor Healthcare ETF (JHMH)
• John Hancock Multifactor Technology ETF (JHMT)
• John Hancock Multifactor Large Cap ETF (JHML)
• John Hancock Multifactor Mid Cap ETF (JHMM)

In addition to allowing clients to trade the ETFs free of commissions, the OneSource program also has no enrollment requirements and does not charge early-redemption fees.

While other firms offer commission-free trading on various ETFs, Schwab’s OneSource program is by far the largest in terms of its scope of offerings. And as of Sept. 30, 2015, it had $44 billion in assets under management, pulling in an impressive $9 billion in assets in the first three quarters of the year, according to the press release.

Contact Heather Bell at [email protected].