Expanding on its line of cheap index-based exchange traded funds, Charles Schwab is planning to help investors follow some of the largest U.S. stocks.

Charles Schwab will roll out the Schwab 1000 Index ETF (SCHK) on October 11. SCHK comes with a 0.05% expense ratio.

The Schwab 1000 Index ETF will try to reflect the performance of the Schwab 1000 Index, which was launched back in 1991. The Schwab 1000 Index provides exposure to America’s largest 1,000 stocks, a collection of large- and mid-cap companies representing 90% of the entire U.S. equity market. The index also acts as the underlying benchmark for the Schwab 1000 Index Fund (SNXFX). The index has outperformed the S&P 500 on an annualized basis since its inception.

“Index investing is a fantastic way to build the core holdings of an investment portfolio. Companies are made to grow, and we launched the Schwab 1000 Index and mutual fund in 1991 to help investors participate in the innovation and long-term growth of the largest 1,000 stocks in the U.S. in a simple and cost-effective way,” Schwab founder and chairman Charles Schwab said in a note. “I’m thrilled that investors can now benefit from the potential growth of these firms with the ease and efficiency of a low-cost ETF.”

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