Charles Schwab Investment Management has announced plans to close and liquidate the Schwab Ariel Opportunities ETF (formerly the Schwab Ariel ESG ETF). The fund will stop trading on NYSE Arca after July 17, 2026, with liquidation expected around July 24, 2026. In preparation for the closure, the portfolio may increasingly hold cash and operate outside its stated investment strategy. Remaining shareholders will receive a final cash distribution based on the fund’s net asset value, which may create taxable consequences depending on individual circumstances.