SAEF Fees and Costs — Schwab Ariel Opportunities ETF
Data updated: 2026-08-25
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0174% of average net assets, and portfolio turnover was 15%.
SAEF Fees and Expenses
Annual operating expenses and sales charges of SAEF. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
SAEF Costs Over Time
On $10,000 invested in SAEF, assuming 5% a year before costs, total costs come to $383 over 5 years, cutting the return by 0.64% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $210 | $383 |
| Value after costs | $10,436 | $11,367 | $12,380 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
SAEF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0174%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $988
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
SAEF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Loop Capital Markets LLC | $2K | 41.22% |
| CastleOak Securities, L.P. | $2K | 40.13% |
| Stifel, Nicolaus & Company, Incorporated | $726 | 17.28% |
| William Blair & Company, L.L.C. | $58 | 1.38% |
SAEF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CastleOak Securities, L.P. | $988 | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.