Schwab ETF Fees Hit Rock Bottom

Discount broker Charles Schwab

, sponsor to some of the least expensive ETFs on the market, is making some of those funds even cheaper. In a filing with the

, Schwab outlined fee cuts a wide array of its ETFs. Among the Schwab funds with lower expense ratios will be two of the firm's most popular products. The Schwab U.S. Broad Market ETF

will see its fee reduced to 0.04 percent per year from 0.06 percent. The annual expense ratio on the Schwab U.S. Large-Cap ETF

goes to 0.04 percent from 0.08 percent. SCHB has $1.1 billion in assets under management while

. The Schwab U.S. Large-Cap Growth ETF

, Schwab U.S. Large-Cap Value ETF

. Schwab U.S. REIT ETF

and the Schwab U.S. Mid-Cap ETF

will see annual fees reduced to 0.07 percent from 0.13 percent. The Schwab U.S. Small-Cap ETF

goes down three basis points to 0.1 percent from 0.13 percent. In the dividend space, Schwab slashed the expense ratio on the Schwab U.S. Dividend Equity ETF

to 0.07 percent from 0.17 percent. Schwab also reduced expenses on several of its international funds, including the Schwab International Equity ETF

, which is going to 0.09 percent from 0.13 percent. The Schwab International Small-Cap Equity ETF

will now have an expense ratio of 0.2 percent down from 0.35 percent. Interestingly, the Vanguard MSCI Emerging Markets ETF

has lost the title of cheapest emerging markets ETF. That honor now goes to the Schwab Emerging Markets Equity ETF

, which will now charge 0.15 percent compared with 0.25 percent in the past. Fees on the Schwab U.S. TIPS ETF

were cut in half to 0.07 percent from 0.14 percent. The Schwab Short-Term U.S. Treasury ETF

goes to 0.08 percent from 0.12 percent while the Schwab Intermediate-Term U.S. Treasury ETF

will now charge 0.1 percent compared with 0.12 percent in the past. The Schwab U.S. Aggregate Bond ETF

also cut its fees in half to 0.05 percent from 0.1 percent while the Schwab U.S. REIT ETF

will now charge 0.07 percent, down from 0.13 percent. All that on top of the fact that Schwab offers all of its ETFs on a commission-free basis to its clients. For more on ETFs, click

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