Charles Schwab Offers First Exchange Traded Funds (ETFs) That Trade Commission-Free Online at Schwab

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An ETF Marketplace Leader, Schwab Is Launching Eight ETFs with Low Expenses and
No Online Trading Commissions for Schwab Clients
SAN FRANCISCO--(Business Wire)--
Charles Schwab, amarketplaceleader of exchange traded funds, today announced the
launch of its first proprietary exchange-traded funds: eight new Schwab-managed
ETFs with low operating expense ratios and commission-free online tradingfor
clients in their Schwab accounts.

"Schwab has been an innovator on behalf of investors and savers for decades and
has endeavored to help them become financially fit. Today, we continue this
tradition by offering investors an exceptional value through low cost access to
domestic and global equity markets," said Walt Bettinger, Schwab Chief Executive
Officer. "Our low cost ETFs can be purchased and sold through Schwab.com
commission free. This means that investors of all kinds, and especially those
who wish to dollar cost average modest sums, can do so in a cost-effective way.
We believe there simply isn`t an easier way to buy and sell ETFs than what we`re
making available to all Schwab clients."

Starting November 3, Charles Schwab Investment Management, Inc. (CSIM) will
launch its first four ETFs - Schwab U.S. Broad Market ETFTM, Schwab U.S.
Large-Cap ETF TM Schwab U.S. Small-Cap ETFTM and Schwab International Equity
ETFTM. In December, CSIM will offer four additional ETFs - Schwab U.S. Large-Cap
Growth ETFTM, Schwab U.S. Large-Cap Value ETFTM, Schwab International Small-Cap
Equity ETFTM and Schwab Emerging Markets Equity ETFTM.

The new Schwab exchange traded funds have some of the lowest operating expense
ratios on the market and can be bought and sold without commissions in Schwab
accounts if purchased online, regardless of the number of shares traded. They
are designed to be core holdings in a diversified portfolio and can be purchased
in blocks as small as one share per trade.

Schwab ETF Name Schwab OER Vanguard OER BGI OER SSGA OER
Schwab U.S. Broad Market ETF SCHB 0.08% VTI 0.09% IWV 0.21% TMW 0.20%
Schwab U.S. Large-Cap ETF SCHX 0.08% VV 0.13% IVV 0.09% SPY 0.09%
Schwab U.S. Large-Cap Growth ETF SCHG 0.15% VUG 0.15% IVW 0.18% ELG 0.20%
Schwab U.S. Large-Cap Value ETF SCHV 0.15% VTV 0.15% IVE 0.18% ELV 0.20%
Schwab U.S. Small-Cap ETF SCHA 0.15% VB 0.15% IJR 0.20% DSC 0.25%
Schwab International Equity ETF SCHF 0.15% VEA 0.16% EFA 0.34% CWI 0.34%
Schwab International Small-Cap Equity ETF SCHC 0.35% VSS 0.38% SCZ 0.40% GWX 0.59%
Schwab Emerging Markets Equity ETF SCHE 0.35% VWO 0.27% EEM 0.72% GMM 0.59%
Source: Expense Ratios from most recent prospectus filings as of 9/30/09.

Commission-free online trading of Schwab ETFs will be available to individual
investors at Schwab, to the more than 6,000 independent investment advisor firms
who use Schwab`s custodial services through Schwab Advisor Services and through
Schwab retirement accounts that permit trading of ETFs. The Schwab ETFs will be
listed on NYSE Arca, and can also be traded on other exchanges.

"Investors were first attracted to ETFs in the 1990s because they provided a
liquid, low-cost and more tax-efficient way to invest in and trade entire
segments of the market," said Peter Crawford, senior vice president at Schwab.
"These ETFs will accelerate that growth and appeal to a broad range of
investors: from registered investment advisors, to individual investors. Only
16% of our individual investors currently own ETFs and 43% of advisors who
custody with Schwab told us this summer in our semi-annual Advisor Outlook
Study, that they plan to increase their usage of ETFs in the next six months.
This makes them vehicles with tremendous potential for growth."

Representing an additional step in the firm`s ongoing commitment to value in
index investing, today`s ETF announcement follows changes Schwab made on May 5,
2009 when the firm reduced expense ratios and lowered investment minimums on its
equity index mutual funds.

Schwab Exchange Traded Fund Line-up and Launch Date

11/3 ETF Introduction
ETF Symbol Index OER Morningstar

Category
Schwab U.S. Broad Market ETF SCHB Dow Jones U.S. Broad Stock Market IndexSM .08% Large Blend
Schwab U.S. Large-Cap ETF SCHX Dow Jones U.S. Large-Cap Total Stock Market IndexSM .08% Large Blend
Schwab U.S. Small-Cap ETF SCHA Dow Jones U.S. Small-Cap Total Stock Market IndexSM .15% Small Blend
Schwab International Equity ETF SCHF FTSE Developed ex-US Index .15% Foreign Large Blend

December Introduction
ETF Symbol Index OER Morningstar

Category
Schwab U.S. Large-Cap Growth ETF SCHG Dow Jones U.S. Large-Cap Growth Total Stock Market IndexSM .15% Large Growth
Schwab U.S. Large-Cap Value ETF SCHV Dow Jones U.S. Large-Cap Value Total Stock Market IndexSM .15% Large Value
Schwab International Small-Cap Equity ETF SCHC FTSE Developed Small Cap ex-US Liquid Index .35% Foreign Small/Mid Cap
Schwab Emerging Markets Equity ETF SCHE FTSE All-Emerging Index .35% Diversified Emerging Markets

About Charles Schwab Investment Management

Founded in 1989, Charles Schwab Investment Management, Inc., a subsidiary of The
Charles Schwab Corporation, is one of the nation's largest asset management
companies with more than $210 billion in assets under management as of September
30, 2009. It is among the country's largest money market fund managers and is
the third-largest provider of retail index funds. In addition to managing Schwab
Funds, CSIM is investment adviser for the institutional-style, sub-advised
Laudus Fund family. CSIM currently manages 79 mutual funds, including 36
actively-managed funds, and six separate account model portfolios.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial
services, with more than 300 offices and 7.6 million client brokerage accounts,
1.5 million corporate retirement plan participants, 667,000 banking accounts,
and $1.36 trillion in client assets. Through its operating subsidiaries, the
company provides a full range of securities brokerage, banking, money management
and financial advisory services to individual investors and independent
investment advisors. Named Highest in Investor Satisfaction by J.D. Power and
Associates, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member
SIPC, www.sipc.org), and affiliates offer a complete range of investment
services and products including an extensive selection of mutual funds;
financial planning and investment advice; retirement plan and equity
compensation plan services; referrals to independent fee-based investment
advisors; and custodial, operational and trading support for independent,
fee-based investment advisors through its Advisor Services division. The Charles
Schwab Bank (member FDIC) provides banking and mortgage services and products.
More information is available at www.schwab.com.

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

Exchange Traded Funds are subject to risks similar to those of stocks.
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. Diversification may not protect against
investment loss.

Schwab ETFs distributed by SEI Investments Distribution Co (SIDCO). SIDCO is not
affiliated with Charles Schwab & Co., Inc. Schwab ETFs are managed by Charles
Schwab Investment Management, Inc. (CSIM). SIDCO is not affiliated with CSIM.
(2009-4808)

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 service charges. Direct Access trades are
subject to commissions of $.003 for each share over the first 5,000. 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.

"Dow Jones," and the names identifying the Dow Jones Indexes underlying Schwab`s
Domestic ETFs are trademarks of Dow Jones & Company, Inc. The Dow Jones Total
Stock Market Indexes are calculated by Dow Jones Indexes and have been licensed
for use for certain purposes by Charles Schwab Investment Management, Inc.
"FTSE", "FT-SE" and "Footsie" are trademarks jointly owned by the London Stock
Exchange Plc and The Financial Times Limited and are used by FTSE International
Limited ("FTSE") under licence. The FTSE Global Equity Index Series is
calculated by FTSE. "FTSE" is a trademark of The Financial Times Limited ("FT")
and the London Exchange plc (the "Exchange"), and has been licensed for use for
certain purposes by Charles Schwab Investment Management, Inc. The Schwab
Domestic ETFs, based on The Dow Jones Indexes, are not sponsored, endorsed, sold
or promoted by Dow Jones and Dow Jones makes no representation regarding the
advisability of investing in such products.

©2009 Charles Schwab & Co., Inc. Member SIPC

Charles Schwab
David Weiskopf, 650-302-4460
or
SunStar
Melissa Murphy, 202-262-4989

Copyright Business Wire 2009