SCHA Fees and Costs — Schwab U.S. Small-Cap ETF
Data updated: 2026-07-24
The net expense ratio is 0.04%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.0059% of average net assets, and portfolio turnover was 11%.
SCHA Fees and Expenses
Annual operating expenses and sales charges of SCHA. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.04% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.04% |
| Fee waiver | — |
| Net expense ratio | 0.04% |
| 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 |
SCHA Costs Over Time
On $10,000 invested in SCHA, assuming 5% a year before costs, total costs come to $29 over 5 years, cutting the return by 0.05% 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 0.04%) | $4 | $13 | $23 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $16 | $29 |
| Value after costs | $10,495 | $11,560 | $12,734 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
SCHA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0059%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $71.8M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $249.1M
- Net income from securities lending: $11.9M (0.067% of average net assets)
SCHA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $97K | 14.04% |
| Morgan Stanley & Co. LLC | $86K | 12.40% |
| Citigroup Global Markets Inc. | $85K | 12.31% |
| J.P. Morgan Securities LLC | $77K | 11.14% |
| Bernstein Institutional Services LLC | $73K | 10.63% |
| Barclays Capital Inc. | $72K | 10.42% |
| Macquarie Capital (USA) Inc. | $60K | 8.70% |
| Virtu Americas LLC | $55K | 7.91% |
| Piper Sandler & Co. | $50K | 7.31% |
| Goldman Sachs & Co. LLC | $35K | 5.13% |
SCHA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $18.3M | 50.72% |
| Goldman Sachs & Co. LLC | $8.2M | 22.83% |
| BofA Securities, Inc. | $3.6M | 10.07% |
| Jefferies LLC | $2.3M | 6.43% |
| Citigroup Global Markets Inc. | $2.1M | 5.79% |
| Morgan Stanley & Co. LLC | $541K | 1.50% |
| Wells Fargo Securities, LLC | $460K | 1.28% |
| Barclays Capital Inc. | $430K | 1.19% |
| Citadel Securities LLC | $71K | 0.20% |
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.