FNDC Fees and Costs — Schwab Fundamental International Small Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $390K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 29%.
FNDC Fees and Expenses
Annual operating expenses and sales charges of FNDC. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FNDC Costs Over Time
On $10,000 invested in FNDC, assuming 5% a year before costs, total costs come to $255 over 5 years, cutting the return by 0.42% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $255 |
| Value after costs | $10,458 | $11,437 | $12,508 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
FNDC 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): 0.0128%
- Total broker commissions: $390K
- Bought from dealers (principal trades, not a cost): $388.6M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $82.1M
- Net income from securities lending: $1.4M (0.047% of average net assets)
FNDC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $65K | 19.67% |
| UBS Securities LLC | $48K | 14.69% |
| BofA Securities, Inc. | $44K | 13.36% |
| Barclays Capital Inc. | $37K | 11.18% |
| Morgan Stanley & Co. LLC | $31K | 9.55% |
| BNP Paribas Securities Corp. | $25K | 7.55% |
| Jefferies LLC | $22K | 6.73% |
| HSBC Securities (USA) Inc. | $21K | 6.35% |
| Citigroup Global Markets Inc. | $18K | 5.56% |
| RBC Capital Markets, LLC | $18K | 5.36% |
FNDC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $75.7M | 21.10% |
| BofA Securities, Inc. | $47.5M | 13.26% |
| Morgan Stanley & Co. LLC | $46.6M | 12.99% |
| BNP Paribas Securities Corp. | $45.8M | 12.77% |
| Goldman Sachs & Co. LLC | $42.1M | 11.73% |
| UBS Securities LLC | $39.3M | 10.97% |
| RBC Capital Markets, LLC | $17.4M | 4.85% |
| HSBC Securities (USA) Inc. | $16.0M | 4.45% |
| Jefferies LLC | $14.9M | 4.15% |
| Macquarie Capital (USA) Inc. | $13.3M | 3.72% |
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.