Schwab Ariel ESG ETF

Type: ETFs Symbol: SAEF Net Expense Ratio: 0.590%



The fund seeks long-term capital appreciation.


  • An actively managed, semi-transparent (also referred to as a non-transparent) ETF
  • Sub-advised by Ariel Investments, LLC (Ariel)
  • Provides access to a disciplined bottom-up, fundamental approach that seeks to identify attractively valued, high-quality, small- and mid-cap companies with strong management, healthy balance sheets, and a favorable environmental, social, and governance (ESG) backdrop
  • Ariel’s ESG investment process focuses on companies that score well within its ESG risk ratings. The investment approach leverages a nuanced, proprietary assessment of industry exposure, disclosure and management of material ESG issues

This fund is different from traditional ETFs.

Traditional ETFs tell the public what assets they hold each day. This fund will not. This may create additional risks for your investment. For example:

  • You may have to pay more money to trade the fund’s shares. This fund will provide less information to traders, who tend to charge more for trades when they have less information.
  • The price you pay to buy fund shares on an exchange may not match the value of the fund’s portfolio. The same is true when you sell shares. These price differences may be greater for this fund compared to other ETFs because it provides less information to traders.
  • These additional risks may be even greater in bad or uncertain market conditions.
  • The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this fund and other ETFs may also have advantages. By keeping certain information about the fund secret, this fund may face less risk that other traders can predict or copy its investment strategy. This may improve the fund’s performance. If other traders are able to copy or predict the fund’s investment strategy, however, this may hurt the fund’s performance.

For additional information regarding the unique attributes and risks of the fund, see Proxy Portfolio Risk, Premium/Discount Risk, Trading Halt Risk, Authorized Participant Concentration Risk, Tracking Error Risk and Shares of the Fund May Trade at Prices Other Than NAV in the Principal Risks and Proxy Portfolio and Proxy Overlap sections of the prospectus and/or the Statement of Additional Information.

Fund Details