OneSource Updates Its ETF List

Addition of a dozen ETFs means Schwab offers more than 250 funds commission free.
Reviewed by: Staff
Edited by: Staff

Charles Schwab has once again expanded the lineup of its commission-free ETF trading program, Schwab ETF OneSource. The company announced on Wednesday that it had added another 12 funds from seven different issuers to the platform, bringing the total number of funds offered to 254 from 16 individual issuers.

OneSource is one of the best-known commission-free trading programs available to investors. There are no commissions charged, and investors also do not face any enrollment requirements or early redemption fees.

Schwab noted in a press release that the OneSource program is nearly five years old and saw its assets grow by 47% to more than $100 million during 2017 through the end of November. The program also represented nearly half of Schwab’s total inflows for that time period.    

The newly added funds include the following:

More Expense Ratio Changes

As the new year rolls on, another three ETFs have announced changes to their expense ratios that were effective as of Jan. 1. In these cases, the changes all amount to cost reductions.

The Sit Rising Rate ETF (RISE) saw its expense ratio lowered to 1.09% from 1.71%. Meanwhile, the PowerShares S&P 500 Momentum Portfolio (SPMO) revised its expense ratio from 0.25% to 0.13%, and the PowerShares S&P 500 Enhanced Value Portfolio (SPVU) lowered its expense ratio from 0.25% to 0.13%.

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