Hamna Asim
2 min read
In This Article:
The Charles Schwab Corporation (NYSE:SCHW) is one of the best Goldman Sachs bank stocks. Schwab Asset Management, the investment arm of The Charles Schwab Corporation and the fifth-largest ETF provider, announced that it is lowering the fees for four of its equity index ETFs, starting June 10, 2025. With these changes, all of Schwab’s market-cap-weighted equity and bond index ETFs will now have fees under 0.10%.
In addition, SCHW is planning forward share splits for six of its mutual funds, including the Schwab 1000 Index Fund (SNXFX). This fund, launched nearly 35 years ago, will return to a share price closer to its original $10 value. A forward share split increases the number of shares while lowering the price per share, but it does not change the total value of an investor’s holdings or trigger taxes. These splits will take place on August 15, 2025, for shareholders listed by August 13.
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John Sturiale, Schwab’s Head of Product Management and Innovation, said this move reflects the company’s ongoing effort to make investing easier and more affordable. It follows Schwab’s recent launch of National Investing Day on May 1, 2025, which aims to encourage long-term investing and help more people take charge of their financial futures.
The Charles Schwab Corporation (NYSE:SCHW) is an American financial services company offering wealth management, brokerage, banking, asset management, custody, and advisory services.
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