“Schwab Asset Management Announces Forward Share Splits on 20 ETFs – Find Out How This Impacts Your Investment!”

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, has announced forward share splits on 20 Schwab ETFs, a move that will increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. This development, set to take effect on October 11, 2024, will not change the total value of a shareholder’s investment.

The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, with payment scheduled after the close of the markets on October 10, 2024. The affected ETFs include popular options such as the Schwab U.S. Large-Cap Growth ETF (SCHG), the Schwab U.S. Dividend Equity ETF (SCHD), and the Schwab U.S. Mid-Cap ETF (SCHM), among others.

This move by Schwab Asset Management reflects their commitment to providing competitive and investor-friendly products. With a focus on delivering exceptional experiences to investors and financial professionals, Schwab Asset Management manages approximately $1.2 trillion on a discretionary basis and $38.3 billion on a non-discretionary basis as of June 30, 2024.

Investors should carefully consider the information contained in the prospectus before making any investment decisions. It is important to understand the investment objectives, risks, charges, and expenses associated with each ETF. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF, and are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

Schwab Asset Management, operating as Charles Schwab Investment Management, Inc., serves as the investment adviser for Schwab Funds, Schwab ETFs, and separately managed account strategies. Schwab Funds are distributed by Charles Schwab & Co, Inc., while Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). Schwab Asset Management and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

In conclusion, the forward share splits announced by Schwab Asset Management underscore their commitment to providing competitive and investor-friendly products. This move reflects their dedication to delivering exceptional experiences to investors and financial professionals. Investors are advised to carefully review the prospectus before making any investment decisions.