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Schwab ETFs report zero capital gains distributions in 2013

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Charles Schwab Investment Management says there will be no capital gains distributions in 2013 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETF family.

"We're very pleased to be maintaining our track record of tax efficiency across all Schwab ETFs, having never distributed capital gains since we launched our first ETFs in 2009," says John Sturiale, vice president of product management for Charles Schwab. "Every penny counts when evaluating a fund's total costs, and tax efficiency is a critical component for investors, along with low operating expense ratios, narrow bid-ask spreads, and commission-free online trading in your Schwab account."
 
Schwab ETFs, including the six new Schwab Fundamental Index ETFs rolled out in August, had USD16.1bn in assets as of 29 November 2013, up from USD8.2bn at the end of November 2012.
 
Schwab's six proprietary Fundamental Index ETFs track the Russell Fundamental Index Series and weight securities based on objective measures of a company's size. 

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