Information about Trades Executed through Broker-Dealers Other than Schwab in the Managed Account Select® and Managed Account Connection® Programs

August 15, 2025

Charles Schwab & Co., Inc. ("Schwab") sponsors the Managed Account Select ("Select") and Managed Account Connection ("Connection") programs (each a "program") in which Schwab-affiliated and non-affiliated asset managers ("Managers") have discretionary authority to trade in enrolled accounts. The asset-based fee that you pay for the program ("Program Fee") covers the cost of commissions and other execution charges for trades executed through Schwab, but not any additional cost, such as a commission or markup, associated with trades placed directly by Managers with other broker-dealers (collectively, "Trading Away", "Trades Away", or other variations thereof). 

As set forth in the Charles Schwab & Co., Inc. Disclosure Brochure for: Schwab Managed Account Services Wrap Fee Program; Schwab Managed Portfolios Wrap Fee Program; Schwab Financial Planning Services, the Program Fee also does not cover mark-ups or mark-downs on fixed income trades, whether they are traded through Schwab or traded away. For fixed income securities, additional costs such as a markup/markdown or spread are generally included in the net price and are not reflected as a separate charge on trade confirmations or account statements.

Some Managers (including without limitation fixed income strategies, Charles Schwab Investment Management, Inc. ("CSIM") for the Windhaven® Strategies, the ThomasPartners® Strategies, Wasmer Schroeder Strategies, and certain types of USAA Managed Portfolios – UMP® program strategies, Selective Portfolios, Schwab Personalized Indexing®, Schwab Wealth Portfolios and including Managers with certain equity strategies, especially small-cap or preferred strategies) execute most or all of their program trades by Trading Away. Managers may have good reasons for Trading Away, such as to meet their obligation to achieve "best execution" for their clients (including clients outside of the programs) – in other words, the best possible trading result, taking into account such factors as price, extra costs, speed and likelihood of execution. Managers may reasonably believe that they are able to achieve better trading results by Trading Away, including better net pricing even with any additional cost associated with Trading Away. In addition to cost considerations, a Manager may consider various other factors as described in their Form ADV brochure ("Brochure"), including the liquidity of the security, the need for timely execution, and other brokerage and research services they receive from that broker-dealer.

Nevertheless, any additional cost of Trading Away is in addition to the Program Fee and, like all costs, will reduce the total return of your account enrolled in the program.  The more frequently a Manager Trades Away, the greater the potential additional cost and the greater the potential reduction in total return. Please review this disclosure and additional information about Trading Away and other Manager trading practices in the Charles Schwab & Co., Inc. Disclosure Brochure for: Schwab Managed Account Services Wrap Fee Program; Schwab Managed Portfolios Wrap Fee Program; Schwab Financial Planning Services and/or the Schwab Wealth Advisory Disclosure Brochure in deciding whether to enroll in or remain enrolled in the program. If you have any questions, please contact your Schwab Financial Consultant or another Schwab representative.

The table below describes the self-reported frequency with which Managers engaged in Trading Away, and any additional cost associated with such trades, in program investment strategies during the time periods specified.

The information was provided by the Managers and has not been verified by Schwab. It is historical data about the Manager's past practice, and the Manager may not follow the same practice with the same frequency or resulting cost in the future. Additional information about your Manager's practices may be contained in your Manager's Brochure. If your Manager is not listed below, it is because they reported no Trading Away during the time period(s) shown.
 

table

Manager Name Investment Strategy Name Platform Participation Dollar-Weighted Percentage of Client Trades "Traded Away"1 in 2024 Average Additional Cost Incurred by Clients Participating in those Trades2 in 2024
AllianceBernstein AllianceBerstein Tax Aware Fixed Income Portfolio Select 86 $0
Atlanta Capital Management Company LLC Atlanta Capital (Calvert) Socially Responsible Equity Select 13 $0
Atlanta Capital Management Company LLC Atlanta Capital High Quality Select Equity Select 9 $0
Atlanta Capital Management Company LLC Atlanta Capital High Quality Small/Mid-Cap Core Select 60 $0
BlackRock Inc BlackRock Core Bond - SMA Select 100 $0
Charles Schwab Investment Management, Inc. Schwab Personalized Indexing Global Developed Connection 9 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. Selective Portfolios Core ETF Aggressive Connection 84 No additional cost
Charles Schwab Investment Management, Inc. Selective Portfolios Core ETF Conservative Connection 84 No additional cost
Charles Schwab Investment Management, Inc. Selective Portfolios Core ETF Growth Connection 84 No additional cost
Charles Schwab Investment Management, Inc. Selective Portfolios Core ETF Moderate Connection 84 No additional cost
Charles Schwab Investment Management, Inc. Selective Portfolios Core ETF Moderate Growth Connection 84 No additional cost
Charles Schwab Investment Management, Inc. Selective Portfolios Opportunistic Aggressive Connection 84 No additional cost
Charles Schwab Investment Management, Inc. Selective Portfolios Opportunistic Moderate Growth Connection 84 No additional cost
Charles Schwab Investment Management, Inc. SWP Aggressive (Strat, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Aggressive (Strat, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Aggressive (Tact, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Aggressive (Tact, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Conservative (Strat, Muni Bond) Connection 18 Launched October 2024. 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. SWP Conservative (Strat, Tax Bond) Connection 18 Launched October 2024. 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. SWP Conservative (Tact, Muni Bond) Connection 18 Launched October 2024. 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. SWP Conservative (Tact, Tax Bond) Connection 18 Launched October 2024. 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. SWP ETF/MF Aggressive (Strat, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Aggressive (Strat, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Aggressive (Tact, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Aggressive (Tact, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Conservative (Strat, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Conservative (Strat, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Conservative (Tact, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Conservative (Tact, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Income (Strat, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Income (Strat, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Income (Tact, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Income (Tact, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Aggressive (Strat, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Aggressive (Strat, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Aggressive (Tact, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Aggressive (Tact, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Conservative (Strat, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Conservative (Strat, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Conservative (Tact, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Mod Conservative (Tact, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Moderate (Strat, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Moderate (Strat, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Moderate (Tact, Muni Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP ETF/MF Moderate (Tact, Tax Bond) Connection 18 (estimated) Launched March 2025. $0.00 (estimated)
Charles Schwab Investment Management, Inc. SWP Income (Strat, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Income (Strat, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Income (Tact, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Income (Tact, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Aggressive (Strat, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Aggressive (Strat, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Aggressive (Tact, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Aggressive (Tact, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Conservative (Strat, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Conservative (Strat, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Conservative (Tact, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Mod Conservative (Tact, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Moderate (Strat, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Moderate (Strat, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Moderate (Tact, Muni Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. SWP Moderate (Tact, Tax Bond) Connection 18 Launched October 2024. $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. TPI Balanced Income - Conservative Connection 66 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. TPI Balanced Income Strategy Connection 66 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Blend Aggressive Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP Blend Conservative Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP Blend Moderate Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP Blend Moderately Aggressive Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP Blend Moderately Conservative Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP Blend Very Aggressive Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP Custom 100% Fixed (FI) Connection 100 No additional cost
Charles Schwab Investment Management, Inc. UMP Custom 100% Fixed Tax-Exempt (Closed) Connection 100 No additional cost
Charles Schwab Investment Management, Inc. UMP Custom Aggressive (FI) Connection 72 100% Fixed Income. No additional cost
Charles Schwab Investment Management, Inc. UMP Custom Aggressive (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Aggressive (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Aggressive (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Aggressive (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Aggressive Tax-Exempt (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Aggressive Tax-Exempt (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Aggressive Tax-Exempt (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Aggressive Tax-Exempt (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Aggressive Tax-Exempt (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Conserv (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Conserv (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Conserv (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Conserv Tax-Exempt (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Conserv Tax-Exempt (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Conserv Tax-Exempt (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr Tax-Exempt (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr Tax-Exempt (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr Tax-Exempt (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr Tax-Exempt (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Aggr Tax-Exempt (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv Tax-Exempt (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv Tax-Exempt (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv Tax-Exempt (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv Tax-Exempt (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Mod Conserv Tax-Exempt (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Moderate (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Moderate (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Moderate (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cpsfor Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Moderate (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Moderate (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Moderate Tax-Exempt (FI) Connection 72 100% Fixed Income. No additional cost.
Charles Schwab Investment Management, Inc. UMP Custom Moderate Tax-Exempt (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Moderate Tax-Exempt (USCore+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Moderate Tax-Exempt (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Moderate Tax-Exempt (USDiv+FI) Connection 72 72% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. UMP Custom Very Aggr (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Very Aggr (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Very Aggr Tax-Exempt (USCore) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP Custom Very Aggr Tax-Exempt (USDiv) Connection 72 $0.00 -$0.01 cps3
Charles Schwab Investment Management, Inc. UMP ETF Aggressive Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Aggressive Tax-Exempt Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Conservative Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Conservative Tax-Exempt Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Moderate Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Moderate Tax-Exempt Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Moderately Aggressive Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Moderately Aggressive Tax-Exempt Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Moderately Conservative Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Moderately Conservative Tax-Exempt Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Very Aggressive Connection 72 No additional cost
Charles Schwab Investment Management, Inc. UMP ETF Very Aggressive Tax-Exempt Connection 72 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 1-10 Yr Taxable Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 1-12 Yr CA Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 1-12 Yr Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 1-5 Yr CA Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 1-5 Yr Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 1-5 Yr Taxable Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 3-12 Yr CA Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 3-12 Yr Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 3-7 Yr Taxable Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 5-10 Yr Taxable Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 5-15 Yr CA Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder 5-15 Yr Municipal Bond Ladder Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Core IG Credit Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Intermediate Bond Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Intermediate IG Credit Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Intermediate Strategic Tax-Exempt Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Intermediate Tax Exempt Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Multi-Sector Income Connection 17 17% Equities, 100% Fixed Income. $0.00 -$0.01 cps3 for Equities, $0 for Fixed Income
Charles Schwab Investment Management, Inc. Wasmer Schroeder Positive Impact Bond Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Positive Impact Tax Exempt Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Short Duration Bond Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Short Tax Exempt Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Strategic Tax Exempt Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Tax-Exempt VRDN Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Treasury Ladder 12 Month Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Treasury Ladder 24 Month Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Treasury Ladder 6 Month Connection 100 No additional cost
Charles Schwab Investment Management, Inc. Wasmer Schroeder Ultra Short Duration Taxable Bond Connection 100 No additional cost
Cincinnati Asset Management Cincinnati Investment Grade Corporate Bonds Select 100 $0
Eagle Asset Management Inc Eagle Asset Management High Quality Taxable Select 100 For Fixed Income Step-Out trades clients receive institutional execution where there is a Institutional Bond Spread but no additional cost, except for certain types of trades done on electronic trading platforms i.e. Market Axess, Trade Web, Liquid Net, TRUMID & ICE TMC. See Below range of fees for various platforms from their respective fee schedules.
Eagle Asset Management Inc Eagle Asset Management Strategic Income Portfolio Select 100 For Fixed Income Step-Out trades clients receive institutional execution where there is a Institutional Bond Spread but no additional cost, except for certain types of trades done on electronic trading platforms i.e. Market Axess, Trade Web, Liquid Net, TRUMID & ICE TMC. See Below range of fees for various platforms from their respective fee schedules.
Eagle Asset Management Inc Eagle Asset Mgmt Strategic Income Port with Muni Select 100 For Fixed Income Step-Out trades clients receive institutional execution where there is a Institutional Bond Spread but no additional cost, except for certain types of trades done on electronic trading platforms i.e. Market Axess, Trade Web, Liquid Net, TRUMID & ICE TMC. See Below range of fees for various platforms from their respective fee schedules.
Eagle Asset Management Inc Eagle Vertical Income Portfolio Select 100 For Fixed Income Step-Out trades clients receive institutional execution where there is a Institutional Bond Spread but no additional cost, except for certain types of trades done on electronic trading platforms i.e. Market Axess, Trade Web, Liquid Net, TRUMID & ICE TMC. See Below range of fees for various platforms from their respective fee schedules.
GW&K Investment Management LLC GW&K Balanced Income Strategy with Municipals Select 50-60 Regarding the municipal bond sleeve of the balanced strategy, there are no additional explicit costs for client’s step-out trades in fixed income securities. As GW&K is an investment advisor and not a broker/dealer, we neither receive any economic benefit from trading activity, nor do we directly control the degree of mark-up or mark-down that may be applied by brokers we engage on behalf of our fixed income clients. That said, we have high conviction that our greatest opportunity to achieve best execution in municipal and taxable bond trading is to leverage institutional trading relationships, aggregate trade volume influence, regional and sector expertise, and other factors made available through having discretion over such transactions. Moreover, we believe through trading large blocks of bonds with institutional trading partners when compared to what most program sponsor desks may execute in smaller increments, perhaps even on an account-by-account basis, GW&K is not only not adding additional cost, but that clients are benefiting from our trading expertise and paying less. Not applicable to the equity sleeve of the balanced strategy.
GW&K Investment Management LLC GW&K Corporate Bond Opportunities Strategy Select 100 There are no additional explicit costs for client’s step-out trades in fixed income securities. As GW&K is an investment advisor and not a broker/dealer, we neither receive any economic benefit from trading activity, nor do we directly control the degree of mark-up or mark-down that may be applied by brokers we engage on behalf of our fixed income clients. That said, we have high conviction that our greatest opportunity to achieve best execution in municipal and taxable bond trading is to leverage institutional trading relationships, aggregate trade volume influence, regional and sector expertise, and other factors made available through having discretion over such transactions. Moreover, we believe through trading large blocks of bonds with institutional trading partners when compared to what most program sponsor desks may execute in smaller increments, perhaps even on an account-by-account basis, GW&K is not only not adding additional cost, but that clients are benefiting from our trading expertise and paying less.
GW&K Investment Management LLC GW&K Municipal Bond Strategy Select 100 There are no additional explicit costs for client’s step-out trades in fixed income securities. As GW&K is an investment advisor and not a broker/dealer, we neither receive any economic benefit from trading activity, nor do we directly control the degree of mark-up or mark-down that may be applied by brokers we engage on behalf of our fixed income clients. That said, we have high conviction that our greatest opportunity to achieve best execution in municipal and taxable bond trading is to leverage institutional trading relationships, aggregate trade volume influence, regional and sector expertise, and other factors made available through having discretion over such transactions. Moreover, we believe through trading large blocks of bonds with institutional trading partners when compared to what most program sponsor desks may execute in smaller increments, perhaps even on an account-by-account basis, GW&K is not only not adding additional cost, but that clients are benefiting from our trading expertise and paying less.
GW&K Investment Management LLC GW&K Short-Term Taxable Bond Srategy Select 100 There are no additional explicit costs for client’s step-out trades in fixed income securities. As GW&K is an investment advisor and not a broker/dealer, we neither receive any economic benefit from trading activity, nor do we directly control the degree of mark-up or mark-down that may be applied by brokers we engage on behalf of our fixed income clients. That said, we have high conviction that our greatest opportunity to achieve best execution in municipal and taxable bond trading is to leverage institutional trading relationships, aggregate trade volume influence, regional and sector expertise, and other factors made available through having discretion over such transactions. Moreover, we believe through trading large blocks of bonds with institutional trading partners when compared to what most program sponsor desks may execute in smaller increments, perhaps even on an account-by-account basis, GW&K is not only not adding additional cost, but that clients are benefiting from our trading expertise and paying less.
Invesco Invesco SNW Short-Intermediate Municipal Impact FALSE 100 $0
JPMorgan Investment Management Inc. JP Morgan Intermediate-Term Municipal Bond Select 100 $0
JPMorgan Investment Management Inc. JP Morgan International Core ADR Select 30 8 bps4
Lazard Asset Management Lazard Emerging Markets Equity Select ADR Select 16 A credit of 1 cps3 to a debit of 8 cps3
Lazard Asset Management Lazard Global Equity Select ADR Select 12 A credit of 1 cps3 to a debit of 8 cps3
Lazard Asset Management Lazard International Equity Select ADR Select 56 A credit of 1 cps3 to a debit of 8 cps3
Madison Investment Advisors, LLC Madison Intermediate Fixed Income Select 100 $0
Natixis Advisors Natixis/Loomis Sayles Core Total Return Select 100 2-7 basis points4. The average additional cost range shown reflects the potential additional spread cost for the respective Loomis Sayles strategy.
Nuveen LLC (TIAA) Nuveen Intermediate-Term Municipal Bond Select 99 1-10 bps4.
Nuveen LLC (TIAA) Nuveen Limited-Maturity Municipal Bond Select 99 1-10 bps4.
Nuveen LLC (TIAA) Nuveen Long-Term Municipal Bond Select 99 1-10 bps4.
Nuveen LLC (TIAA) Nuveen Moderate Aggressive Portfolio-Muni Bonds Select 9 1-10 bps4.
Nuveen LLC (TIAA) Nuveen Moderate Conservative Portfolio-Muni Bonds Select 32 1-10 bps4.
Nuveen LLC (TIAA) Nuveen Moderate Portfolio-Muni Bonds Select 25 1-10 bps4.
Parametric Portfolio Associates LLC Parametric 1-10 Year Corporate Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric 1-5 Year Corporate Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric 3-12 Year Municipal Bond Ladder-CA Select 100 $0
Parametric Portfolio Associates LLC Parametric 3-7 Year Corporate Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric 5-10 Year Corporate Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 1-14 Year Municipal Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 1-14 Year Municipal Bond Ladder-CA Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 1-8 Year Municipal Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 1-8 Year Municipal Bond Ladder-CA Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 3-12 Year Municipal Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 5-15 Year Municipal Bond Ladder Select 100 $0
Parametric Portfolio Associates LLC Parametric TABS 5-15 Year Municipal Bond Ladder-CA Select 100 $0
Parametric Portfolio Associates LLC Parametric CC-Russell 1000 Select 0 .005 cps3
PIMCO PIMCO 1-12 Year California Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-12 Year Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-12 Year New York Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-18 Year California Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-18 Year Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-18 Year New York Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-6 Year California Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-6 Year Municipal Bond Ladder Select 100 $0
PIMCO PIMCO 1-6 Year New York Municipal Bond Ladder Select 100 $0
PIMCO PIMCO Low Duration SMA Select 100 $0
PIMCO PIMCO Real Return Select 100 $0
PIMCO PIMCO Total Return Select 100 $0
RNC Genter Capital Management Genter Capital Balanced Growth Dividend Income Select 40 $0
Seix Investment Advisors LLC Seix High Yield Wrap SMA Select 100 $0
Spectrum Asset Management Spectrum Preferred Securities SMA Select 95 No additional cost
Spectrum Asset Management Spectrum Preferred Tax Advantaged SMA Select 95 No additional cost
Stonebridge Advisors LLC Stonebridge Advisors Preferred SMA Select 39.64 $0
Stonebridge Advisors LLC Stonebridge Advisors Preferred Tax Advantaged SMA Select 40 $0