Schwab ETF Fees Hit Rock Bottom

Discount broker Charles Schwab (NYSE:

), 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 (NYSE:

) 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 (NYSE:

) 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 (NYSE:

), Schwab U.S. Large-Cap Value ETF (NYSE:

). Schwab U.S. REIT ETF (NYSE:

) and the Schwab U.S. Mid-Cap ETF (NYSE:

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

) 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 (NYSE:

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

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

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

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

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

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

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

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

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

) 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

.