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 1. Home
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 4. http://www.etf.com/sections/news/schwab-splitting-shares-two-thirds-etf-lineup
    Schwab Splitting Shares for Two-Thirds of ETF Lineup


SCHWAB SPLITTING SHARES FOR TWO-THIRDS OF ETF LINEUP

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SCHWAB SPLITTING SHARES FOR TWO-THIRDS OF ETF LINEUP

Schwab, which has a total 33 ETFs, will do a share split to 20 funds effective
Oct. 24.

Email

Jeff Benjamin
|
Wealth Management Editor
|
Sep 26, 2024
Reviewed by: etf.com Staff
,
Edited by: Ron Day
View BioFollow Author

Schwab Asset Management is splitting shares on two-thirds of its 33
exchange-traded funds, aiming to stimulate sales with lower share prices.

The company announced this week an effort to make 20 of its exchange-traded
funds more appealing to financial advisors and retail investors by reducing the
net asset values through share splits.

The impacted ETFs, ranging from a 4-for-1 split by the Schwab US Large Cap
Growth ETF (SCHG) to a 2-for-1 split by the Schwab International Equity ETF
(SCHF), will not change the total value of a shareholder’s investment.


SCHWAB ETF SPLIT: LIST OF FUNDS

The list of ETFs subject to share splits, scheduled for Oct. 11, all have
current share prices ranging from $40 to $103.

 

Ticker
Fund
NAV/share
Split Ratio
SCHG
Schwab U.S. Large-Cap Growth ETF
103.90
4-for-1
SCHD
Schwab U.S. Dividend Equity ETF
85.02
3-for-1
SCHM
Schwab U.S. Mid-Cap ETF
83.20
3-for-1
SCHV
Schwab U.S. Large-Cap Value ETF
80.26
3-for-1
FNDX
Schwab Fundamental U.S. Large Company ETF
71.55
3-for-1
FNDB
Schwab Fundamental U.S. Broad Market ETF
70.18
3-for-1
SCHX
Schwab U.S. Large-Cap ETF
67.74
3-for-1
SCHB
Schwab U.S. Broad Market ETF
66.39
3-for-1
FNDA
Schwab Fundamental U.S. Small Company ETF
59.58
2-for-1
SCHK
Schwab 1000 Index® ETF
55.16
2-for-1
SCHP
Schwab U.S. TIPS ETF
53.78
2-for-1
SCYB
Schwab High Yield Bond ETF
53.36
2-for-1
SCMB
Schwab Municipal Bond ETF
52.33
2-for-1
SCHA
Schwab U.S. Small-Cap ETF
51.57
2-for-1
SCHR
Schwab Intermediate-Term U.S. Treasury ETF
50.76
2-for-1
SCHJ
Schwab 1-5 Year Corporate Bond ETF
49.69
2-for-1
SCHO
Schwab Short-Term U.S. Treasury ETF
49.06
2-for-1
SCHZ
Schwab U.S. Aggregate Bond ETF
47.66
2-for-1
SCHI
Schwab 5-10 Year Corporate Bond ETF
46.28
2-for-1
SCHF
Schwab International Equity ETF
40.76
2-for-1



ETF SHARE SPLIT: WHAT IT MEANS



“ETF share splits are primarily about maintaining or increasing investor
accessibility,” said Nate Geraci, founder of The ETF Store in Overland Park,
Kans.



“The lower price handle makes it easier for advisors to deploy and manage the
ETFs in portfolios, primarily for smaller dollar accounts,” he added. “It also
appeals to retail investors, offering the perception of affordability.”

Ryan Jackson, senior manager research analyst at Morningstar, explained that the
ETF share splits “don’t matter much for current investors.”

“They don't affect the overall value of the ETFs or create a taxable event,” he
said. “It could improve the liquidity in some instances because more investors
may be able to trade them, but that's a very small-scale benefit. It's mostly
business as usual.”


SCWHAB ETF SPLITS MAY INCREASE DEMAND

Jackson added that share splits are an easy way to potentially increase demand
for Schwab’s ETFs.

“Schwab, in particular, has been a hit in the individual investor community, and
its lower price could entice even more retail investors to jump on board,” he
added.

Schwab Asset Management is the asset management arm of Charles Schwab Corp. in
Westlake, Texas.

Schwab has 31 ETFs that combine for $375 billion in assets.

Sumit Roy, etf.com senior ETF analyst, agreed that share splits are “merely
cosmetic and don't change anything for investors, especially in the day of
fractional share trading.”

Tim Holsworth, president of AHP Financial in Midland, Mich., thinks most
investors and financial advisors have long since seen past the stock split ploy
to spark fresh investor interest.

“We know the actual value doesn’t change from splits,” he said. “As a seasoned
veteran, it seems to me stock splits used to be a way to increase interest in
the shares and it seemed to drive buying, but I don’t think it matters like it
used to.”

Jeff Benjamin
| Contact: jeff.benjamin@etf.com

Jeff Benjamin is the wealth management editor at etf.com, responsible for
coverage related to the financial planning industry. This includes writing,
hosting podcasts, webinars, video interviews and presenting at in-person events.


Jeff is a veteran journalist with more than 30 years’ experience covering the
financial markets. He has won more than two dozen national and regional awards
for his reporting. He most recently worked as a senior columnist at
InvestmentNews where he wrote about investment products and strategies, as well
as the broader financial planning industry. Prior to that, Jeff worked as an
analyst at Cerulli Associates where he researched and wrote reports on the
alternative investments industry. Jeff also worked as a money management
reporter at Dow Jones Newswires, where he covered the mutual fund industry.


Based in North Carolina, Jeff is a former Marine and has a bachelor’s degree in
journalism from Central Michigan University.

View Bio Follow Author


RELATED TICKERS

TICKER NAME % Change SCHGSchwab U.S. Large-Cap Growth ETF-0.49%SCHDSchwab U.S.
Dividend Equity ETF0.81%SCHISchwab 5-10 Year Corporate Bond ETF0.35%SCHASchwab
U.S. Small-Cap ETF0.75%SCHFSchwab International Equity ETF-0.35%





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