is merging its Laudus Rosenberg International Equity Fund
into the Schwab International Core Equity Fund
, pending shareholder approval, an SEC filing revealed
rates the nine-year-old Laudus fund's investor class
one star, while the Schwab fund
, started in 2008, is too new to have been rated. The Laudus fund claims assets of $56 million, while the Schwab fund has $39.3 million under management. The Laudus investor share class has an expense ratio of 161 bps, while its Schwab counterpart has a 110 bps ratio.
The shareholder vote is scheduled for November 19, and if approved, the merge will take effect on December 3.
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