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ETF Select List®

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A Smart Way to Look for ETFs

Confused about which Exchange Traded Funds are right for your portfolio? With over a thousand ETFs available and more coming out every week, choosing an ETF can seem more time-consuming and difficult than ever. Developed by the experts at Charles Schwab Investment Advisory, Inc. (CSIA), the ETF Select List® is a tool to help you narrow your choices and make confident investing decisions.

Click on the fund symbol for quarterly standardized returns and detailed fund expenses. Performance quoted is past performance and is no guarantee of future results. Current performance may be lower or higher. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost.

Q3 2022 ETF Select List®

How Funds Are Selected
ESG Fund - Environmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab.

(0222-22DC)

ETF Select
List Category
Symbol
Description/ Benchmark Index
Morningstar Category
Gross Expense Ratio (%)*
ESG
Fund
Large CoreSCHXSchwab US Large-Cap ETF™
DJ US TSM Large Cap TR USD
Large Blend0.03%   No
Large CoreBKLCBNY Mellon US Large Cap Core Equity ETF
Morningstar US Lrg TR USD
Large Blend0.00%   No
Large Dividend-focusedVYMVanguard High Dividend Yield ETF
FTSE High Dividend Yield TR USD
Large Value0.06%   No
Large Dividend-focusedSCHDSchwab US Dividend Equity ETF™
DJ US Dividend 100 TR USD
Large Value0.06%   No
Large GrowthSCHGSchwab US Large-Cap Growth ETF™
DJ US TSM Large Cap Growth TR USD
Large Growth0.04%   No
Large GrowthSPYGSPDR® Portfolio S&P 500 Growth ETF
S&P 500 Growth TR USD
Large Growth0.04%   No
Large SRISNPEXtrackers S&P 500 ESG ETF
S&P 500 ESG TR USD
Large Blend0.11%   Yes
Large ValueSPYVSPDR® Portfolio S&P 500 Value ETF
S&P 500 Value TR USD
Large Value0.04%   No
Large ValueSCHVSchwab US Large-Cap Value ETF™
DJ US TSM Large Cap Value TR USD
Large Value0.04%   No
Large Weighted EqualGSEWGoldman Sachs Equal Wght US Lg Cp Eq ETF
Solactive US LC Equal Weight TR USD
Large Blend0.09%   No
Large Weighted FundamentalIUSInvesco RAFI™ Strategic US ETF
Large Value
Large Value0.19%   No
Large Weighted FundamentalFNDXSchwab Fundamental US Large Company ETF
Russell RAFI US LC TR USD
Large Value0.25%   No
Large Weighted Low-VolatilityLGLVSPDR® SSGA US Large Cap Low Volatil ETF
SSGA US Large Cap Low Volatility TR USD
Large Blend0.12%   No
Large-Mid CoreVONEVanguard Russell 1000 ETF
Russell 1000 TR USD
Large Blend0.08%   No
Large-Mid CoreSCHKSchwab 1000 ETF
Schwab 1000 TR USD
Large Blend0.05%   No
Mid CoreSCHMSchwab US Mid-Cap ETF™
DJ US TSM Mid Cap TR USD
Mid-Cap Blend0.04%   No
Mid CoreIJHiShares Core S&P Mid-Cap ETF
S&P MidCap 400 TR
Mid-Cap Blend0.05%   No
Mid GrowthIMCGiShares Morningstar Mid-Cap Growth ETF
Morningstar US Mid Brd Grt TR USD
Mid-Cap Growth0.06%   No
Mid ValueIMCViShares Morningstar Mid-Cap Value ETF
Morningstar US Mid Brd Val TR USD
Mid-Cap Value0.06%   No
Small CoreSCHASchwab US Small-Cap ETF™
DJ US TSM Small Cap TR USD
Small Blend0.04%   No
Small CoreIJRiShares Core S&P Small-Cap ETF
S&P SmallCap 600 TR USD
Small Blend0.06%   No
Small Dividend-focusedCSBVictoryShares US SmCp Hi Div Vol Wtd ETF
NASDAQ Victory US SCHD 100Vty Wtd TR USD
Small Value0.40%   No
Small GrowthVBKVanguard Small-Cap Growth ETF
CRSP US Small Cap Growth TR USD
Small Growth0.07%   No
Small SRIESMLiShares ESG Aware MSCI USA Small-Cap ETF
MSCI USA Sml Cap Extnd ESG Focus GR USD
Small Blend0.17%   Yes
Small ValueVBRVanguard Small-Cap Value ETF
CRSP US Small Cap Value TR USD
Small Value0.07%   No
Small Weighted FundamentalPRFZInvesco FTSE RAFI US 1500 Small-Mid ETF
FTSE RAFI US Mid Small 1500 TR USD
Small Blend0.40%   No
Small Weighted FundamentalFNDASchwab Fundamental US Small Company ETF
Russell RAFI US SC TR USD
Small Blend0.25%   No
Small Weighted Low-VolatilitySMLVSPDR® SSGA US Small Cap Low Volatil ETF
SSGA US Small Cap Low Volatility GR USD
Small Blend0.12%   No
Total Market Dividend-focusedDGROiShares Core Dividend Growth ETF
Morningstar US Dividend Growth TR USD
Large Value0.08%   No
Total Market Weighted FundamentalPRFInvesco FTSE RAFI US 1000 ETF
FTSE RAFI US 1000 TR USD
Large Value0.39%   No
Total Market Weighted FundamentalFNDBSchwab Fundamental US Broad Market ETF
Russell RAFI US TR USD
Large Value0.25%   No
Total Stock MarketITOTiShares Core S&P Total US Stock Mkt ETF
S&P US TMI TR USD
Large Blend0.03%   No
Total Stock MarketSCHBSchwab US Broad Market ETF™
DJ US Broad Stock Market TR USD
Large Blend0.03%   No
All World ex-US StockIXUSiShares Core MSCI Total Intl Stk ETF
MSCI ACWI Ex USA IMI NR USD
Foreign Large Blend0.07%   No
Emerging Market StockIEMGiShares Core MSCI Emerging Markets ETF
MSCI EM IMI NR USD
Diversified Emerging Mkts0.09%   No
Emerging Market StockSCHESchwab Emerging Markets Equity ETF™
FTSE Emerging NR USD
Diversified Emerging Mkts0.11%   No
Emerging Market Weighted FundamentalFNDESchwab Fundamental Emerg Mkts Lg Co ETF
Russell RAFI Em Mkts LC NR USD
Diversified Emerging Mkts0.39%   No
Europe StockVGKVanguard FTSE Europe ETF
FTSE Dvlp Europe All Cap(US RIC)NR USD
Europe Stock0.08%   No
Global StockVTVanguard Total World Stock ETF
FTSE Global All Cap (US RIC) NR USD
Global Large-Stock Blend0.07%   No
Intl Developed CoreSCHFSchwab International Equity ETF™
FTSE Dv Ex US NR USD
Foreign Large Blend0.06%   No
Intl Developed CoreSPDWSPDR® Portfolio Developed Wld ex-US ETF
S&P Developed Ex US BMI NR USD
Foreign Large Blend0.04%   No
Intl Developed GrowthIMTMiShares MSCI Intl Momentum Factor ETF
MSCI World ex US Momentum NR USD
Foreign Large Growth0.30%   No
Intl Developed SmallVSSVanguard FTSE All-Wld ex-US SmCp ETF
FTSE Gbl SmallCap Ex US TR USD
Foreign Small/Mid Blend0.07%   No
Intl Developed SmallSCHCSchwab International Small-Cap Eq ETF™
FTSE Dvlp Small Cap Ex US Liquid NR USD
Foreign Small/Mid Blend0.11%   No
Intl Developed SRIVSGXVanguard ESG International Stock ETF
FTSE Global All Cap ex USA Choice NR USD
Foreign Large Blend0.12%   Yes
Intl Developed ValueIVLUiShares Edge MSCI Intl Value Factor ETF
MSCI World ex USA Enhanced Value NR USD
Foreign Large Value0.30%   No
Intl Dividend-focusedVYMIVanguard Intl Hi Div Yld Idx ETF
Foreign Large Value
Foreign Large Value0.22%   No
Intl Dividend-focusedSCHYSchwab International Dividend Equity ETF
DJ International Dividend 100 NR USD
Foreign Large Value0.14%   No
Intl Emerging Market SRIESGEiShares ESG Aware MSCI EM ETF
MSCI EM EXTENDED ESG FOCUS NR USD
Diversified Emerging Mkts0.25%   Yes
Intl Large Weighted FundamentalFNDFSchwab Fundamental Intl Lg Co ETF
Russell RAFI Dv ex US LC NR USD
Foreign Large Value0.25%   No
Intl Large Weighted FundamentalPXFInvesco FTSE RAFI Dev Mkts ex-US ETF
FTSE RAFI Dvlp ex US 1000 NR USD
Foreign Large Value0.45%   No
Intl Small Weighted FundamentalFNDCSchwab Fundamental Intl Sm Co ETF
Russell RAFI Dv ex US SC NR USD
Foreign Small/Mid Value0.39%   No
Intl Weighted Low-VolatilityEFAViShares MSCI EAFE Min Vol Factor ETF
MSCI EAFE Minimum Vol (USD) NR USD
Foreign Large Blend0.32%   No
Pacific Asia StockVPLVanguard FTSE Pacific ETF
FTSE Dvlp Asia Pacific AC(US RIC)NR USD
Diversified Pacific/Asia0.08%   No
Bond SRIEAGGiShares ESG U.S. Aggregate Bond ETF
Bloomberg MSCI US Agg ESG Focus TR USD
Intermediate Core Bond0.11%   Yes
ConvertiblesICVTiShares Convertible Bond ETF
Bloomberg US CnvtblsCsh Py>$250mn TR USD
Convertibles0.20%   No
Emerging Market BondVWOBVanguard Emerging Mkts Govt Bd ETF
Bloomberg USD EM Gov RIC Capped TR USD
Emerging Markets Bond0.20%   No
High Yield BondSPHYSPDR® Portfolio High Yield Bond ETF
ICE BofA US High Yield TR USD
High Yield Bond0.10%   No
Intermediate Broad Market BondBKAGBNY Mellon Core Bond ETF
Bloomberg US Agg Bond TR USD
Intermediate Core Bond0.00%   No
Intermediate Broad Market BondSCHZSchwab US Aggregate Bond ETF™
Bloomberg US Agg Bond TR USD
Intermediate Core Bond0.03%   No
Intermediate Corporate BondSPIBSPDR® Portfolio Interm Term Corp Bd ETF
Bloomberg Interm Corp TR USD
Corporate Bond0.04%   No
Intermediate Corporate BondSCHISchwab 5-10 Year Corp Bd ETF
Bloomberg US Credit Corp 5-10 Yr TR USD
Corporate Bond0.03%   No
Intermediate Muni BondVTEBVanguard Tax-Exempt Bond ETF
S&P National AMT Free Muni TR USD
Muni National Interm0.05%   No
Intermediate Treasury BondSCHRSchwab Intermediate-Term US Trs ETF™
Bloomberg US Treasury 3-10 Yr TR USD
Intermediate Government0.03%   No
Intermediate Treasury BondVGITVanguard Intmdt-Term Trs ETF
Bloomberg US Treasury 3-10 Yr TR USD
Intermediate Government0.04%   No
International BondIAGGiShares Core International Aggt Bd ETF
Bloomberg Gbl Agg xUSD 10% IC TR Hdg USD
Global Bond-USD Hedged0.07%   No
Long Term Broad Market BondBLVVanguard Long-Term Bond ETF
Bloomberg US L Govt/Credit Fl Adj TR USD
Long-Term Bond0.04%   No
Long Term Corporate BondSPLBSPDR® Portfolio Long Term Corp Bd ETF
Bloomberg US Long Corporate TR USD
Long-Term Bond0.04%   No
Long Term Muni BondTFISPDR® Nuveen Blmbg Muni Bd ETF
Bloomberg US Muni Mng Mny 1-25Y TR USD
Muni National Long0.23%   No
Long Term Treasury BondVGLTVanguard Long-Term Treasury ETF
Bloomberg US Treasury Long TR USD
Long Government0.04%   No
Long Term Treasury BondSCHQSchwab Long-Term US Treasury ETF
Bloomberg US Treasury Long TR USD
Long Government0.03%   No
Short Term Broad Market BondBSVVanguard Short-Term Bond ETF
Bloomberg US 1-5Y GovCredit FlAdj TR USD
Short-Term Bond0.04%   No
Short Term Corporate BondSPSBSPDR® Portfolio Short Term Corp Bd ETF
Bloomberg US Corp 1-3 Yr TR USD
Short-Term Bond0.04%   No
Short Term Corporate BondSCHJSchwab 1-5 Year Corporate Bond ETF
Bloomberg USD Corp Bd 1-5 Yr TR USD
Short-Term Bond0.03%   No
Short Term Muni BondSUBiShares Short-Term National Muni Bd ETF
ICE Shrt Mat AMT-Free US Ntl Muni TR USD
Muni National Short0.07%   No
Short Term Treasury BondSCHOSchwab Short-Term US Treasury ETF™
Bloomberg US Treasury 1-3 Yr TR USD
Short Government0.03%   No
Short Term Treasury BondVGSHVanguard Short-Term Treasury ETF
Bloomberg 1-3 Yr US Treasury TR USD
Short Government0.04%   No
TIPSSCHPSchwab US TIPS ETF™
Bloomberg US Treasury US TIPS TR USD
Inflation-Protected Bond0.04%   No
TIPSSPIPSPDR® Portfolio TIPS ETF
Bloomberg US Govt Infl Lkd TR USD
Inflation-Protected Bond0.12%   No
Clean EnergyICLNiShares Global Clean Energy ETF
S&P Global Clean Energy NR USD
Miscellaneous Sector0.40%   Yes
CommunicationsXLCCommunication Services Sel Sect SPDR®ETF
S&P Cmmncton Svces Select Sector TR USD
Communications0.10%   No
Consumer DiscretionaryXLYConsumer Discret Sel Sect SPDR® ETF
S&P Consumer Disc Select Sector TR USD
Consumer Cyclical0.10%   No
Consumer StaplesXLPConsumer Staples Select Sector SPDR® ETF
S&P Cons Staples Select Sector TR USD
Consumer Defensive0.10%   No
EnergyXLEEnergy Select Sector SPDR® ETF
S&P Energy Select Sector TR USD
Equity Energy0.10%   No
FinancialXLFFinancial Select Sector SPDR® ETF
S&P Financial Select Sector TR USD
Financial0.10%   No
Health CareXLVHealth Care Select Sector SPDR® ETF
S&P Health Care Select Sector TR USD
Health0.10%   No
IndustrialsXLIIndustrial Select Sector SPDR® ETF
S&P Industrial Select Sector TR USD
Industrials0.10%   No
InfrastructureIFRAiShares US Infrastructure ETF
NYSE FactSet US Infrastructure TR USD
Infrastructure0.30%   No
MaterialsXLBMaterials Select Sector SPDR® ETF
S&P Materials Select Sector TR USD
Natural Resources0.10%   No
TechnologyFTECFidelity® MSCI Information Tech ETF
MSCI USA IMI/INFOR TECH 25-50 NR USD
Technology0.084%  No
UtilitiesFUTYFidelity® MSCI Utilities ETF
MSCI USA IMI/UTILITIES 25-50 NR USD
Utilities0.084%  No
Multi-Asset IncomeAOKiShares Core Conservative Allocation ETF
S&P Target Risk Conservative TR USD
Allocation--30% to 50% Equity0.21%   No
Preferred StockPFFDGlobal X US Preferred ETF
Preferred Stock
Preferred Stock0.23%   No
AgricultureDBAInvesco DB Agriculture
DBIQ Diversified Agriculture TR USD
Commodities Focused0.85%   No
Broad Precious MetalsGLTRabrdn Physical PrecMtlBsk Shrs ETF
Commodities Focused
Commodities Focused0.60%   No
Commodities BroadCMDYiShares Bloomberg Roll Sel Brd Cmdty ETF
Bloomberg Roll Select Commdty TR USD
Commodities Broad Basket0.29%   No
GoldGLDMSPDR® Gold MiniShares
LBMA Gold Price PM USD
Commodities Focused0.10%   No
OilOILKProShares K-1 Free Crude Oil Strategy
Commodities Focused
Commodities Focused0.71%   No
Real EstateFRELFidelity® MSCI Real Estate ETF
MSCI USA IMI/REAL ESTATE 25-25 NR USD
Real Estate0.084%  No
Real EstateSCHHSchwab US REIT ETF™
Dow Jones Equity All REIT Capped TR USD
Real Estate0.07%   No
SilverSIVRabrdn Physical Silver Shares ETF
LBMA Silver Price USD
Commodities Focused0.30%   No
These comments are intended to provide additional information about the ETF, category and/or index highlighted, and are not intended as an explanation of how the ETF was selected. Comments are updated quarterly.

* "Gross Expense Ratio" reflects a fund's total annual operating expenses as stated in the fund's prospectus and do not reflect any expense reimbursements or waivers that may exist. Some ETFs appearing on this List may be subject to expense reimbursements and waivers, and less such reimbursements and waivers may have lower total annual operating expenses (i.e., "net expenses") than indicated herein. Please read the fund prospectus carefully to determine the existence of any expense reimbursements or waivers and details on their limits and termination dates.

 
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Data source identification

Schwab's Financial and Other Relationships with certain ETFs

Investors should consider carefully information contained in the prospectus, or if available, in the summary prospectus including investment objectives, risks, charges and expenses. You can request a prospectus by calling 1-800-435-4000. Please read it carefully before investing.

Mentions of individual stocks in the ETF descriptions section are for illustrative purposes only and are not a recommendation to buy, hold or sell any specific security.

Many Fixed-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. The lower-rated securities in which some bond funds invest are subject to greater credit risk, default risk and liquidity risk.

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 are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

ETFs at Charles Schwab & Co., Inc. ("Schwab") which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a Schwab account. Unlisted ETFs are subject to a commission. Trade orders placed through a broker will receive the negotiated broker-assisted rate. An exchange process fee applies to sell transactions. All ETFs are subject to management fees and expenses. Please see the Charles Schwab Pricing Guide for additional information. Schwab's affiliate Charles Schwab Investment Management, Inc., dba Schwab Asset Management, serves as the investment adviser to the Schwab ETFs, which compensates Schwab Asset Management out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.

Schwab receives remuneration from third-party active semi-transparent (also known as non-transparent) ETFs or their sponsors for platform support and technology, shareholder communications, reporting, and similar administrative services for third-party active semi-transparent ETFs available at Schwab. This fee will vary, but typically is an asset-based fee of 0.10% per annum of the assets held at Schwab. Neither Schwab's affiliate CSIM nor Schwab active semi-transparent ETFs pay a separate fee to Schwab for these services described, although CSIM reimburses Schwab, in its capacity as an affiliated financial intermediary of CSIM's, for Schwab's costs in providing certain professional, administrative, and support services for the Schwab ETFs.

Active semi-transparent (also known as non-transparent) ETFs operate differently from other exchange-traded funds (ETFs). Unlike other ETFs, an active semi-transparent ETF does not publicly disclose its entire portfolio composition each business day, which may affect the price at which shares of the ETF trade in the secondary market. To find out more about active semi-transparent ETFs, please read Active Semi-transparent ETFs: What you need to know.

Government bond fund shares are not guaranteed. Their price and investment return will fluctuate with market conditions and interest rates. Shares, when redeemed, may be worth more or less than their original cost.

International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, political instability, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.

Risks of REITs are similar to those associated with direct ownership of real estate, such as changes in real-estate values and property taxes, interest rates, cash flow of underlying real-estate assets, supply and demand, and the management skill and creditworthiness of the issuer.

Since a sector fund is typically not diversified and focuses its investments on companies involved in a specific sector, the fund may involve a greater degree of risk than an investment in other mutual funds with greater diversification.

Small-cap funds are subject to greater volatility than those in other asset categories.

High-yield funds invest in lower-rated securities. This subjects these funds to greater credit risk, default risk and liquidity risk.

Some specialized exchange-traded funds can be subject to additional market risks. 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.

Commodity-related products, including futures, carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, illiquid and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions, regardless of the length of time shares are held. Investments in commodity-related products may subject the fund to significantly greater volatility than investments in traditional securities and involve substantial risks, including risk of loss of a significant portion of their principal value.

No mention of particular funds or fund families here should be construed as a recommendation or considered an offer to sell or a solicitation of an offer to buy any securities. This information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The securities listed may not be suitable for everyone. Each investor needs to review a securities transaction for his or her own particular situation. Schwab or its employees may sometimes hold positions in the securities listed here. Data contained here is obtained from what are considered reliable sources; however, its accuracy, completeness or reliability cannot be guaranteed.

Investment income on some tax-free/tax-exempt funds may be subject to certain state and local taxes and, depending on your status, the federal alternative minimum tax.

Charles Schwab Investment Management, Inc., ("CSIM") the investment advisor for the Schwab ETFs and an affiliate of Schwab, receives fees from the Schwab ETFs for investment advisory and fund administration services. The amount of fees CSIM receives from the Schwab ETFs is not considered in ETF Select List® selection, nor do the Schwab ETFs or any third-party ETF, or any of their affiliates, pay Schwab to be included in the ETF Select List®.

Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). The Dow Jones Total Stock Market, Dow Jones Real Estate and the Dow Jones Dividend Indices are products of S&P Dow Jones Indices LLC and/or its affiliates, and have been licensed for use by Charles Schwab Investment Management, Inc. (CSIM). FTSE® is a trade mark owned by the London Stock Exchange plc and is used by FTSE International Limited (FTSE) under license. The FTSE Global Equity Index Series is calculated by FTSE. Frank Russell Company (Russell) and Research Affiliates LLC (RA) have entered into a strategic alliance with respect to the Russell RAFI Index Series. Subject to RA's intellectual property rights in certain content, Russell is the owner of all copyrights related to the Russell RAFI Index Series. Russell and RA jointly own all trademark and service mark rights in and to the Russell RAFI Index Series. RA is the owner of certain intellectual property. The names identifying the Bloomberg Barclays' indices are trademarks and service marks of Bloomberg Finance L.P. and its affiliates (Bloomberg) and Barclays Bank PLC and its affiliates (Barclays) and have been licensed for use by CSIM in connection with the issuance, marketing and promotion of the Schwab ETFs. The Schwab ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices, FTSE, Russell, RA, Bloomberg, Barclays or their respective affiliates (together, the Index Sponsors) and the Index Sponsors do not make any representation regarding the advisability of trading in the Schwab ETFs. The Index Sponsors do not accept any obligations or liability in relation to the issuance, marketing, operation or trading of the Schwab ETFs. Neither Charles Schwab & Co., Inc, Charles Schwab Investment Advisory, Inc., or Charles Schwab Investment Management, Inc. (which are separate but affiliated companies and subsidiaries of the Charles Schwab Corporation) are affiliated with any Index Sponsor.

Indexes are the intellectual property of their providers. ETF sponsors generally enter into licensing agreements with index providers. For additional information about index licensing terms and conditions, please contact the ETF sponsor and/or index provider.

1Charles Schwab Investment Advisory, Inc., a registered investment advisor, is an affiliate of Charles Schwab & Co., Inc.

Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with The Charles Schwab Corporation or any of its affiliates.

© 2019 Charles Schwab & Co., Inc. (Member SIPC) All rights reserved.

Environmental, social and governance (ESG) strategies implemented by mutual funds, exchange-traded funds (ETFs), and separately managed accounts are currently subject to inconsistent industry definitions and standards for the measurement and evaluation of ESG factors; therefore, such factors may differ significantly across strategies. As a result, it may be difficult to compare ESG investment products. Further, some issuers may present their investment products as employing an ESG strategy, but may overstate or inconsistently apply ESG factors. An investment product's ESG strategy may significantly influence its performance. Because securities may be included or excluded based on ESG factors rather than other investment methodologies, the product's performance may differ (either higher or lower) from the overall market or comparable products that do not have ESG strategies. Environmental ("E") factors can include climate change, pollution, waste, and how an issuer protects and/or conserves natural resources. Social ("S") factors can include how an issuer manages its relationships with individuals, such as its employees, shareholders, and customers as well as its community. Governance ("G") factors can include how an issuer operates, such as its leadership composition, pay and incentive structures, internal controls, and the rights of equity and debt holders. Carefully review an investment product's prospectus or disclosure brochure to learn more about how it incorporates ESG factors into its investment strategy.

(0117-TE5T, 0317-VK71, 0418-8Y8Y, 0618-8XUC, 0718-8XHK, 0718-8PF4, 1019-99M5, 1219-9BDT, 0620-0V9P, 0620-0EYJ, 1221-1CZU, 1121-1GHP, 0222-22DC, 1222-26L0)