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

Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource® service. Schwab’s short-term redemption fee will be charged on redemptions of funds bought through Schwab’s Mutual Fund OneSource® service with no transaction fee. For each of these trade orders placed through a broker, a $25 service charge applies.

Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

1. Up to 999,999 shares can be placed per trade. Online Trades are trades placed through schwab.com, charlesschwab.co.uk, StreetSmart Pro®, Velocity®, Schwab Wireless or Schwab software. Direct access trades are charged an additional $0.003 per share above 5000 shares.  
2. 0-29 in current calendar quarter or 0-119 over the prior 12 months. ”Prior 12 months” means the last 12 calendar months plus the days to date in the current calendar month.
3. For purposes of determining qualification for lower online commission pricing, Schwab looks at your “Household Balance” which is the total combined value, over a given period of time, of the assets in Accounts of Your Household, including margin balances and other outstanding debit balances like mortgage, Home Equity Line of Credit (HELOC) and credit card balances. In order to determine qualification for any fee waiver, interest rate and/or commission price, Schwab will add up your daily Household Balances for the applicable time period, and then divide this total by the number of days in the period.
4. 30 or more in current quarter or 120 or more over the prior 12 months. “Prior 12 months” means the last 12 calendar months plus the days to date in the current calendar month.
5. Plus $0.015 for each additional share.
6. For offshore funds (for non-U.S. persons), visit www.schwab-global.com or call Schwab Global at 877-853-1802 (in the U.S.) or +1-415-667-6787 (outside the U.S.) for details.
7. Transaction fees apply to open-end mutual funds only. Standard fees apply on both transactions when placing simultaneous orders to sell one or more transaction-fee fund and purchase additional transaction fee fund(s) with the proceeds. Some funds may also charge sales and/or redemption fees. Please read the prospectus for details. You can buy shares directly from a fund company or its principal underwriter or distributor without paying Schwab’s transaction or service charge (except Schwab Funds®).
8. Please see the Charles Schwab Pricing Guide for detailed information on equity and options commissions. Multiple leg options strategies will involve multiple commissions. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options before considering any option transaction. Call your local Schwab office or write Charles Schwab & Co., Inc. at 101 Montgomery Street, San Francisco, CA 94104 for a current copy.
9. Two-legged online option orders such as spreads, straddles, combos and rollouts are charged only one $8.95 base commission , plus per contract fees for the total number of option contracts. For Broker Assisted Options Commissions, add $25 to the Online Options Commission. Complex option orders involving both an equity and an option leg, including Buy/Writes or Write/Unwinds are charged per contract fees for the option leg, plus commissions for the equity leg subject to the client's current commission schedule.There is no base commission for the option leg.

Exchange Process Fee: The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically – at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset this fee by charging their member broker-dealers such as Schwab, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions, which appears on your trade confirmations. The Exchange Process Fee will rise or fall periodically depending upon the rate set by the SEC.  

Exchange Traded Funds are subject to risks similar to those of stocks. 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.

Online trades of Schwab ETFs are commission-free at Schwab, while trades of third-party ETFs are subject to commissions. Broker-Assisted and Automated Phone trades of Schwab ETFs are subject to service charges. Direct Access trades are subject to commissions of $.003 for each share over the first 5,000. Minimum $1,000 deposit is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. All ETFs are subject to management fees and expenses.

Schwab ETFs distributed by SEI Investments Distribution Co (SIDCO). SIDCO is not affiliated with Charles Schwab & Co., Inc.