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Schwab U.S. REIT ETF
Ticker Symbol: SCHH CUSIP: 808524847 Exchange: NYSEA
Company's Online Profile
FUND DESCRIPTION: Schwab U.S. REIT ETF is an exchange-traded Index Fund or Index ETF which is a separate investment portfolio of the Schwab Strategic Trust. an open-ended investment management company. INVESTMENT OBJECTIVE: The Schwab U.S. REIT ETF seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Select REIT Index. INDEX DESCRIPTION: The Dow Jones U.S. Select REIT Index is a float-adjusted market capitalization weighted index comprised of real estate investment trusts (REITs). The Index generally includes REITs that own and operate income producing commercial and/or residential real estate, derive at least 75% of the REITs total revenue from the ownership and operation of real estate assets, and have a minimum total market capitalization of $200 million at the time of its inclusion. The Index excludes mortgage REITs, net-lease REITs, real estate finance companies, mortgage brokers and bankers, commercial and residential real estate brokers and estate agents, home builders, large landowners and subdividers of unimproved land, hybrid REITs, timber REITs, and companies that have more than 25% of their assets in direct mortgage investments. As of August 31, 2010, the Index was composed of 81 REITs. FUND STRATEGY: It is the Fund’s policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the Index. The fund will generally give the same weight to a given security as the Index does. However, when the Adviser believes it is appropriate to do so, such as to avoid purchasing odd-lots (i.e., purchasing less than the usual number of shares traded for a security), for tax considerations, or to address liquidity considerations with respect to a security, the Adviser may cause the Fund’s weighting of a security to be more or less than the Index’s weighting of the security. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index, or buy securities that are not yet represented in the Index in anticipation of their addition to the Index. Under normal circumstances, the Fund may invest up to 10% of its net assets in securities not included in its Index. The principal types of these investments include (a) securities that are not represented in the Index but is anticipated will be added to or removed from the Index; (b) investment companies, including money market funds, and (c) derivatives, principally futures contracts. The Fund may use futures contracts and other derivatives primarily to seek returns on the Fund’s otherwise uninvested cash assets to help it better track the Index. The Fund may also invest in cash and cash equivalents, enter into repurchase agreements, and may lend its securities to minimize the difference in performance that naturally exists between an Index Fund and its corresponding Index. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in real estate companies and companies related to the real estate industry. The Fund may also invest in a particular industry, group of industries or sector to approximately the same extent that its Index is so concentrated. FUND MANAGEMENT: The investment adviser, Charles Schwab Investment Management, Inc., oversees the asset management and administration of the Fund.
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Notes: Online trades of Schwab ETFs are commission-free at Schwab to Schwab Clients.
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IPO - 1/13/2011 -
Link to IPO Prospectus
Large Cap Stock -
Market Value $7.5 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 211 Main Street, San Francisco, CA 94105 |
| Main Phone Number |
415-667-7000 |
| Fax Number |
Not Available |
| Investor Contact
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800-435-4000
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| Toll Free Phone Number |
800-435-4000 |
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