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ETF Specialist

An Inexpensive Gold-Rated Mid-Cap Fund

Schwab US Mid-Cap ETF accurately represents the U.S. mid-cap equity market and is among the cheapest available.

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We recently upgraded  Schwab US Mid-Cap ETF (SCHM) to a Morningstar Analyst Rating of Gold from Silver. This is a market-cap-weighted fund that accurately reflects the U.S. mid-cap stock market. Its efficient index construction, well-diversified portfolio, and low fee should continue to provide an edge over its peers, supporting a Gold rating.

Since its inception in January 2011, the fund has tracked the Dow Jones Total Stock Market Mid-Cap Index, a broadly diversified index that accurately represents the U.S. mid-cap market. The index holds the next 500 largest stocks by market capitalization after the largest 600 are assigned to the large-cap segment of the Dow Jones Total Stock Market Index.

Adam McCullough does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.