Schwab Strengthens Fixed Income Portfolio With Wasmer Schroeder Strategy Expansion

Charles Schwab’s asset management division has broadened its fixed income offerings, introducing five new Wasmer Schroeder strategies to serve evolving client needs in today’s challenging income environment. The expansion underscores Schwab’s commitment to delivering comprehensive investment solutions that align with diverse client objectives and values.

New Impact-Focused Strategies Lead the Way

The centerpiece of this growth includes two positive impact strategies designed for clients seeking both returns and meaningful social or environmental outcomes. The Wasmer Schroeder Positive Impact Bond strategy (PIBX) offers a taxable, limited duration approach, while the Wasmer Schroeder Positive Impact Tax Exempt strategy (PIFI) provides an intermediate duration option with high credit quality municipal bonds.

What sets these strategies apart is Wasmer Schroeder’s distinctive use-of-proceeds methodology. Rather than relying solely on third-party ESG ratings, the team rigorously evaluates which bonds finance projects with genuine positive social or environmental impacts. This differentiated approach resonates with investors who want portfolio decisions to reflect their values.

Enhanced Income Generation Across Multiple Sectors

Beyond impact strategies, Schwab is rolling out three additional offerings targeting higher-yielding segments. These include the Intermediate Strategic Tax Exempt strategy (ISTEFI) alongside two taxable alternatives—the Intermediate IG Credit (ITTX+) and Multi-Sector Income (MITX) strategies. This tiered approach enables clients to calibrate exposure based on their specific income objectives and tax situations.

Strategic Expansion Paying Dividends

John Sturiale, Head of Product Management and Strategy at Schwab Asset Management, emphasized the initiative’s significance: “We are pleased to expand the universe of fixed income choices for Schwab clients and deliver more options for those who wish to make an impact with their portfolio.” The expansion reflects Schwab’s 2020 acquisition of Wasmer Schroeder’s comprehensive strategy lineup and investment talent, a move that continues to generate tangible benefits.

Comprehensive Suite Now Available

The Wasmer Schroeder strategies currently available to Schwab clients now encompass 25 total strategies, spanning nine actively managed approaches, two positive impact strategies, two ultra-short duration options, and a series of 12 bond ladders. This breadth provides Schwab clients with flexibility previously unavailable in many traditional platforms.

About Schwab Asset Management

Operating with $640.5 billion in assets under management and supported by more than 119 investment professionals, Schwab Asset Management develops competitively priced ETFs, mutual funds, and separately managed account strategies. The division prioritizes client-centric innovation and value delivery across multiple investor segments.