Schwab Asset Management Announces Index and Fund Name Changes to Its Fundamental Index ETF and Mutual Fund Family
A total of 12 Schwab Fundamental Index ETFs and mutual funds will be changing indexes and 11 of them will have new fund names:
Ticker |
Current Fund Name |
New Fund Name |
Current Index |
New Index |
||||
FNDX |
|
Schwab Fundamental |
Russell RAFI US Large Company Index |
RAFI Fundamental High Liquidity US Large Index |
||||
SFLNX |
|
|
||||||
FNDA |
Schwab Fundamental |
Schwab Fundamental |
Russell RAFI US Small Company Index |
RAFI Fundamental High Liquidity US Small Index |
||||
SFSNX |
|
|
||||||
FNDF |
Schwab Fundamental International Large Company Index ETF |
Schwab Fundamental International Equity ETF |
Russell RAFI Developed ex US Large Company Index |
RAFI Fundamental High Liquidity Developed ex US Large Index |
||||
SFNNX |
|
|
||||||
FNDC |
|
Schwab Fundamental International Small Equity ETF |
Russell RAFI Developed ex US Small Company Index |
RAFI Fundamental High Liquidity Developed ex US Small Index |
||||
SFILX |
|
|
||||||
FNDE |
Schwab Fundamental Emerging Markets Large Company Index ETF |
Schwab Fundamental Emerging Markets Equity ETF |
Russell RAFI Emerging Markets Large Company Index |
RAFI Fundamental High Liquidity Emerging Markets Index |
||||
SFENX |
|
|
||||||
FNDB |
|
Schwab Fundamental |
Russell RAFI US Index |
RAFI Fundamental High Liquidity US All Index |
||||
SFREX |
|
No change |
Russell RAFI Global Select Real Estate Index |
RAFI Fundamental High Liquidity Global Real Estate Index |
While the current indexes use the FTSE Global Total Cap Index as their starting universe, the new indexes will use the RAFI Global Equity Investable Universe (GEIU) as their starting universe. The same fundamental index methodology is still applied to screen companies based on three fundamental variables:
1) adjusted sales
2) retained operating cash flow
3) dividends plus buybacks
The index methodology for the RAFI index suite can be found here
About Schwab Asset Management
One of the industry’s largest and most experienced asset managers, Schwab Asset Management offers a focused lineup of competitively priced ETFs, mutual funds and separately managed account strategies designed to serve the central needs of most investors. By operating through clients’ eyes, and putting them at the center of our decisions, we aim to deliver exceptional experiences to investors and the financial professionals who serve them. As of
About Charles Schwab
At Charles 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 www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
Disclosures:
Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can download a prospectus by visiting https://www.schwabassetmanagement.com/prospectus . Please read it carefully before investing.
Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares of an ETF are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
* SCHWAB is a registered trademark of
The Schwab Fundamental Index Funds are not in any way sponsored, endorsed, sold or promoted by Frank Russell Company (Russell), by the London Stock Exchange Group companies (LSEG), or by
Each RAFI Fundamental High Liquidity Index (each an Index) is a service mark of
Schwab Asset Management® is the dba name for
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Charles Schwab
415-961-3790
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