As part of Schwab's ongoing commitment to offer you greater value in all aspects of your portfolio, our fixed income investments feature low, transparent pricing.
Simple, low online pricing
Mark-ups of just $1 per bond on secondary market issues
Schwab reserves the right to act as principal on any fixed income transaction, public offering, or securities transaction. When Schwab acts as principal, the markup is included in the bond price. When Schwab acts as agent, a commission will be charged on the transaction.
Online
Broker-assisted trades
New issues, including traditional CDs
$0 Selling concession is included in the offering price.
Treasury trades, including auction and secondary:
Treasury bonds
Treasury bills
Treasury notes
TIPS
$0
Online pricing plus $25 per trade
Other secondary trades:
CDs
Corporate bonds
Municipal bonds
Government agencies
Zero-coupon treasuries, including STRIPS and mortgage-backed securities
$1/bond
$10 minimum
$250 maximum
Online pricing plus $25 per trade
Commercial paper and foreign bonds
These are specialty products. Please contact us at 877-563-7818 for information
Unit investment trusts (UITs)
Sales charge applies. Please see relevant prospectus.
Preferred stocks and REITs
Stock commissions and minimums apply for secondary trades
Note: Large block transactions (orders of more than 250 bonds) may be available for special handling and pricing. Please call us at 877-563-7818 for information.
Clear, Detailed Pricing
Get itemized mark-ups when you place an order either online or with a Schwab Investment Professional, so you'll know exactly what's included in your final cost. While mark-ups have always been included in the principal amount for bonds, they are now shown in detail for easier reference.
Price breakout for online orders
Example of new online order verification screen (detail). Represents hypothetical client's online purchase of 45 bonds.
Investors should consider carefully information contained in the mutual fund prospectus, including investment objectives, risks, charges and expenses. You can request a mutual fund prospectus by calling Schwab at 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 for record keeping, as well as for shareholder and other administrative services.
Fixed-income investments are subject to various risks including changes in interest rates, credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. For further details, please feel free to contact a Schwab Fixed Income Specialist at 877-563-7818.
Call us at 866-232-9890
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