Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 1-800-435-4000. Please read the prospectus carefully before investing.

¹ Commissions data was obtained from the firms’ websites and verified as of 9/30/09. For all firms, commissions for trades placed via phone or in person may be higher.
Fidelity—Orders over 1,000 shares incur an additional $0.015 per share for each share. Discounted pricing is available to clients who meet certain criteria regarding account balance and/or trading frequency.
E*Trade—For orders involving securities listed on national securities exchanges: A fee of $0.015 per share may apply to that portion of the order that exceeds 2,000 shares. Discounted pricing is available to clients who meet certain criteria regarding account balance and/or trading frequency.

² Expense comparison data was obtained from the funds’ prospectuses and verified as of 12/31/09. Expense ratios are subject to change. Comparisons are made between each Schwab ETF and the corresponding ETF in the same asset class from the three largest ETF providers. ETFs in the same asset class may track different indexes, have differences in holdings, and show different performance.

Some specialized exchange-traded funds can be subject to additional market risks. Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF.

Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Schwab.

Online trades of Schwab ETFs are commission-free at Schwab, while trades of third-party ETFs are subject to commissions. Broker-Assisted and Automated Phone trades of Schwab ETFs are subject to commissions and service charges. Minimum $1,000 deposit is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. All ETFs are subject to management fees and expenses.

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