FNDB Fees and Costs — Schwab Fundamental U.S. Broad Market ETF
Data updated: 2026-07-24
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $28K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 12%.
FNDB Fees and Expenses
Annual operating expenses and sales charges of FNDB. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FNDB Costs Over Time
On $10,000 invested in FNDB, assuming 5% a year before costs, total costs come to $161 over 5 years, cutting the return by 0.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $88 | $161 |
| Value after costs | $10,473 | $11,489 | $12,602 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
FNDB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $302K
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $23K (0.002% of average net assets)
FNDB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $2K | 14.34% |
| J.P. Morgan Securities LLC | $2K | 12.34% |
| Citigroup Global Markets Inc. | $2K | 10.92% |
| Macquarie Capital (USA) Inc. | $2K | 10.46% |
| Citadel Securities LLC | $2K | 10.25% |
| Stuart Frankel & Co., Incorporated | $2K | 9.65% |
| Barclays Capital Inc. | $1K | 8.69% |
| Instinet, LLC | $1K | 8.22% |
| UBS Securities LLC | $1K | 7.86% |
| Morgan Stanley & Co. LLC | $1K | 7.25% |
FNDB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $98K | 32.26% |
| J.P. Morgan Securities LLC | $91K | 30.22% |
| UBS Securities LLC | $52K | 17.22% |
| Goldman Sachs & Co. LLC | $35K | 11.47% |
| Barclays Capital Inc. | $17K | 5.63% |
| Morgan Stanley & Co. LLC | $8K | 2.62% |
| Citigroup Global Markets Inc. | $2K | 0.58% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.