Charles Schwab is seeking to roll out an aggregate bond exchange-traded fund (ETF), Index Universe reports. The Schwab U.S. Aggregate Bond ETF will have an annual expense ratio of 0.10%.

The fund will trade at Arca, the New York Stock Exchange’s electronic platform. The new offering from the San Francisco-based discount broker will be cheaper than identical products from both iShares and Vanguard.

Click here for the story from Index Universe.