{"id":785872,"date":"2023-09-25T08:29:37","date_gmt":"2023-09-25T12:29:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\/"},"modified":"2023-09-25T08:29:37","modified_gmt":"2023-09-25T12:29:37","slug":"schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\/","title":{"rendered":"Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwnowrap { white-space: nowrap }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth20 { width: 20% }\n.bwwidth24 { width: 24% }\n.bwwidth25 { width: 25% }\n.bwwidth31 { width: 31% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points<\/b><\/p>\n<p>WESTLAKE, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSchwab Asset Management\u2122, the asset management arm of The Charles Schwab Corporation and the fifth-largest provider<sup>1<\/sup> of ETFs, today announced the reduction of operating expense ratios for the Schwab High Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF (SCHP), bringing the fees for Schwab Asset Management\u2019s entire lineup of fixed income ETFs to only three basis points. All of Schwab Asset Management\u2019s fixed income ETFs are now among the lowest-priced ETFs in each of their respective Morningstar categories. The price changes go into effect September 25, 2023.<\/p>\n<p>\n\u201cAt Schwab Asset Management we are proud to continue our legacy of driving cost savings for investors with a focus on what is most meaningful to our clients,\u201d said Nicohl Bogan, Director of Product Strategy and Development, Schwab Asset Management. \u201cFixed income has been in the spotlight for investors in a higher interest rate environment. We have seized the opportunity to expand our fixed income offerings, recently launching high yield and municipal bond ETFs, while also helping investors save on fees.\u201d<\/p>\n<p><b>Schwab Fixed Income ETF Expense Ratios<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Name of Fund (Ticker)<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwalignc bwnowrap bwwidth20 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>AUM<br \/>\n<br \/>($millions) as<br \/>\n<br \/>of 9\/22\/2023<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwalignc bwnowrap bwwidth25 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Operating Expense<br \/>\n<br \/>Ratio Prior to 9\/25\/23<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwalignc bwnowrap bwwidth24 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Operating Expense<br \/>\n<br \/>Ratio After 9\/25\/23<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab High Yield Bond ETF (SCYB)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$50.06<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.10%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab U.S. TIPS ETF (SCHP)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$11,621.70<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.04%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab 1-5 Year Corporate Bond ETF (SCHJ)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$369.19<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab 5-10 Year Corporate Bond ETF (SCHI)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5,040.51<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab Intermediate-Term U.S. Treasury ETF (SCHR)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$7,389.70<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab Long-Term U.S. Treasury ETF (SCHQ)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$403.99<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab Municipal Bond ETF (SCMB)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$155.73<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab Short-Term U.S. Treasury ETF (SCHO)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$12,407.51<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth31\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSchwab U.S. Aggregate Bond ETF (SCHZ)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6,997.12<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth25 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwalignc bwwidth24 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0.03%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nTo learn more about Schwab Asset Management\u2019s entire lineup of ETFs, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.schwabassetmanagement.com%2F&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=www.schwabassetmanagement.com&amp;index=1&amp;md5=c817565662edf6049079b70434bde45d\">www.schwabassetmanagement.com<\/a>.<\/p>\n<p><b>About Schwab Asset Management<\/b><\/p>\n<p>\nOne of the industry\u2019s 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\u2019 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 June 30, 2023, Schwab Asset Management managed approximately $895.9 billion on a discretionary basis and $33.5 billion on a non-discretionary basis. More information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.schwabassetmanagement.com&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=www.schwabassetmanagement.com&amp;index=2&amp;md5=9f7e00d99cc8487fb51c8f4db541328c\">www.schwabassetmanagement.com<\/a>.<\/p>\n<p><b>About Charles Schwab<\/b><\/p>\n<p>\nAt 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\u2019 goals with passion and integrity.<\/p>\n<p>\nMore information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aboutschwab.com&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=www.aboutschwab.com&amp;index=3&amp;md5=9eb8c07933208317834371d4e93c3e2f\">www.aboutschwab.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.twitter.com%2FCharlesSchwab&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=Twitter&amp;index=4&amp;md5=79007df0fdea94866a5ee2f38b9c9bee\">Twitter<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2FCharlesSchwab&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=Facebook&amp;index=5&amp;md5=ad82853bbf2c745e0c19c7deafae5ff9\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Fuser%2FCharlesSchwab&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=YouTube&amp;index=6&amp;md5=4148d7bf60cbf39d08d31575d01c6227\">YouTube<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2F1855&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=7&amp;md5=882040d779da94ba4e26e29f4d1ae75b\">LinkedIn<\/a>.<\/p>\n<p><b>Disclosures:<\/b><\/p>\n<p><b>Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can view and download a prospectus by visiting <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.schwabassetmanagement.com%2Fprospectus&amp;esheet=53560443&amp;newsitemid=20230925558114&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.schwabassetmanagement.com%2Fprospectus&amp;index=8&amp;md5=6b9285469c85ddb1e1846ff5199f6793\">https:\/\/www.schwabassetmanagement.com\/prospectus<\/a><b>. Please read it carefully before investing.<\/b><\/p>\n<p>\nInvestment returns will fluctuate and are subject to market volatility, so that an investor\u2019s shares, when redeemed or sold, may be worth more or less than their original cost. Shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).<\/p>\n<p>\nDiversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.<\/p>\n<p>\nFixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed-income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.<\/p>\n<p>\nSchwab Asset Management\u2122 is the dba name for Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for Schwab ETFs. Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). Schwab Asset Management is a separate but affiliated company and subsidiary of The Charles Schwab Corporation and is not affiliated with SIDCO.<\/p>\n<p>\n0923-3CFX<\/p>\n<p><sup>1<\/sup> Source: VettaFi, ETF Issuer AUM League Table, September 18, 2023.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230925558114r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230925558114\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230925558114\/en\/<\/a><\/span><\/p>\n<p>\nChristine Underhill Hudacko<br \/>\n<br \/>Charles Schwab<br \/>\n<br \/>415-961-3790<\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230925558114\/en\/372488\/3\/SCHW_logo-new_whitespace.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points WESTLAKE, Texas&#8211;(BUSINESS WIRE)&#8211; Schwab Asset Management\u2122, the asset management arm of The Charles Schwab Corporation and the fifth-largest provider1 of ETFs, today announced the reduction of operating expense ratios for the Schwab High Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF (SCHP), bringing the fees for Schwab Asset Management\u2019s entire lineup of fixed income ETFs to only three basis points. All of Schwab Asset Management\u2019s fixed income ETFs are now among the lowest-priced ETFs in each of their respective Morningstar categories. The price changes go into effect September 25, 2023. \u201cAt Schwab Asset Management we are proud to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-785872","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points WESTLAKE, Texas&#8211;(BUSINESS WIRE)&#8211; Schwab Asset Management\u2122, the asset management arm of The Charles Schwab Corporation and the fifth-largest provider1 of ETFs, today announced the reduction of operating expense ratios for the Schwab High Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF (SCHP), bringing the fees for Schwab Asset Management\u2019s entire lineup of fixed income ETFs to only three basis points. All of Schwab Asset Management\u2019s fixed income ETFs are now among the lowest-priced ETFs in each of their respective Morningstar categories. The price changes go into effect September 25, 2023. \u201cAt Schwab Asset Management we are proud to &hellip; Continue reading &quot;Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T12:29:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230925558114r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points\",\"datePublished\":\"2023-09-25T12:29:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\\\/\"},\"wordCount\":744,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230925558114r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schwab-asset-management-reduces-fees-on-two-fixed-income-etfs-pricing-its-entire-fixed-income-lineup-at-three-basis-points\\\/\",\"name\":\"Schwab Asset Management Reduces Fees on Two Fixed Income ETFs, Pricing Its Entire Fixed Income Lineup at Three Basis Points - 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