Institutional No Transaction Fee Funds
Institutional No Transaction Fee (INTF) funds can help you manage portfolios for your clients to meet their ever-evolving needs.
Schwab's platform offers:
Funds from 16 asset managers, many with Morningstar Ratings™ of 4 or 5, so you can build more diverse portfolios that consider your clients' time horizon, risk tolerance, and more
Funds with lower expenses, enabling you to potentially lower costs and put more of your clients' money to work
T. Rowe Price institutional share class funds
We work with T. Rowe Price to give you the ability to purchase its actively managed institutional share class funds on Schwab Advisor Center® without transaction fees.
T. Rowe Price's strengths include these industry-leading differentiators:
- Portfolio managers average 22 years of experience, including 17 years with T. Rowe Price.1
- Approximately 70 of 159 institutional share class funds earned a 4- or 5-star Overall Morningstar Rating.2
- Over 90% of institutional share class funds have expense ratios at or below the average Morningstar Category.3
Institutional No Transaction Fee fund providers
Below is the current list of fund providers. To see all available funds, go to the Quick Screens section of the Research tab on Schwab Advisor Center and select Institutional No Transaction Fee funds.
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Institutional No Transaction Fee funds are just one reason Schwab is a custodian of choice for so many Registered Investment Advisors. Get in touch today to see how we can help you.
Investors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can view and download a prospectus by clicking on Prospectus & Reports or calling 877-824-5615. Please read the prospectus carefully before investing. Past performance does not guarantee future performance.
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. Shares of ETF are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
Investment value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.
1. Morningstar Direct, November 16, 2021.
2. "Why Invest With T. Rowe Price?" troweprice.com.
3. Morningstar Direct, October 31, 2021.
Schwab receives marketing and promotional compensation from T. Rowe Price for our promotion of their mutual funds to clients of registered investment advisors that custody assets at Schwab, and for providing additional mutual fund marketing support to T. Rowe Price. Schwab receives various fees for the recordkeeping, shareholder services and other administrative services that Schwab provides to other no transaction fee funds, including certain institutional share classes that are available with no transaction fee to investors at Schwab. Fees are discussed more fully here.
Charles Schwab & Co., Inc. (member SIPC) receives remuneration from fund companies participating in the institutional no transaction fee (INTF) platform for recordkeeping and shareholder services, and other administrative services. Schwab receives greater remuneration on institutional share classes that participate in INTF than it would if the share class were made available with a transaction fee.
The Morningstar Rating™, or "star rating," is calculated for funds with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars and the next 22.5% receive 4 stars. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Ratings do not take into account the effects of sales charges and loads. © 2022 Morningstar, Inc. All rights reserved.
Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Charles Schwab & Co., Inc. Independent investment advisors are not owned by, affiliated with or supervised by Schwab.