Announcing Schwab ETFs™ with commission-free online trading and low expenses

1. Commission data was obtained from the firms’ websites and verified as of 09/30/2009. For all firms, commissions for trades placed via phone or in person may be higher.
Fidelity—Orders over 1,000 shares incur an additional $0.015 per share for each share. Discounted pricing is available to clients who meet certain criteria regarding account balance and/or trading frequency.
E*Trade—For orders involving securities listed on national securities exchanges: A fee of $0.015 per share may apply to that portion of the order that exceeds 2,000 shares. Discounted pricing is available to clients who meet certain criteria regarding account balance and/or trading frequency.
2. Expense comparison data was obtained from the funds’ prospectuses as of 09/30/2009. Expense ratios are subject to change. Comparisons are made between each Schwab ETF and ETFs in the same asset class from the three largest ETF providers. ETFs in the same asset class may track different indexes, have differences in holdings, and show different performance.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can view, download and print a prospectus by clicking on Prospectuses & Reports. Please read the prospectus carefully before investing.

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.

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies typically exhibit higher volatility.

Diversification may not protect against market risk.

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.