Schwab Asset Management said that none of its 29 exchange-traded funds will make capital gains distributions for the 2022 tax year.
“Schwab Asset Management has a legacy of lowering fees for investors,” said David Botset, the unit’s head of equity product management and innovation. “Our focus on helping investors extends to our ability to deliver tax efficiency in different market environments, and we’re proud to have done that again this year.”
Schwab Asset Management has more than $260 billion in assets in its ETFs.
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