SCHB Fees and Costs — Schwab U.S. Broad Market ETF
Data updated: 2026-07-24
The net expense ratio is 0.03%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $282K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 3%.
SCHB Fees and Expenses
Annual operating expenses and sales charges of SCHB. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
SCHB Costs Over Time
On $10,000 invested in SCHB, assuming 5% a year before costs, total costs come to $20 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $3 | $11 | $20 |
| Value after costs | $10,497 | $11,566 | $12,743 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
SCHB 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): 0.0009%
- Total broker commissions: $282K
- Bought from dealers (principal trades, not a cost): $47.1M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $33.5M
- Net income from securities lending: $2.0M (0.006% of average net assets)
SCHB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $36K | 18.70% |
| Bernstein Institutional Services LLC | $26K | 13.59% |
| Mizuho Securities USA LLC | $25K | 12.90% |
| J.P. Morgan Securities LLC | $22K | 11.74% |
| Citigroup Global Markets Inc. | $21K | 11.06% |
| Virtu Americas LLC | $15K | 7.94% |
| Morgan Stanley & Co. LLC | $14K | 7.46% |
| Stuart Frankel & Co., Incorporated | $11K | 5.82% |
| Piper Sandler & Co. | $11K | 5.71% |
| Penserra Securities LLC | $10K | 5.08% |
SCHB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $21.4M | 50.15% |
| Morgan Stanley & Co. LLC | $7.0M | 16.31% |
| BofA Securities, Inc. | $6.8M | 15.97% |
| Goldman Sachs & Co. LLC | $3.9M | 9.07% |
| Jefferies LLC | $1.1M | 2.65% |
| Citigroup Global Markets Inc. | $1.0M | 2.43% |
| Barclays Capital Inc. | $945K | 2.22% |
| Wells Fargo Securities, LLC | $498K | 1.17% |
| Citadel Securities LLC | $10K | 0.02% |
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.