SCHD Fees and Costs — Schwab U.S. Dividend Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.06%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.8M in broker commissions, 0.0056% of average net assets.
SCHD Fees and Expenses
Annual operating expenses and sales charges of SCHD. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| 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 |
SCHD Costs Over Time
On $10,000 invested in SCHD, assuming 5% a year before costs, total costs come to $42 over 5 years, cutting the return by 0.07% 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 0.06%) | $6 | $20 | $35 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $23 | $42 |
| Value after costs | $10,493 | $11,553 | $12,721 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
SCHD 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): 0.0056%
- Total broker commissions: $3.8M
- Bought from dealers (principal trades, not a cost): $75.1M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $14.3M
- Net income from securities lending: $296K (0.000% of average net assets)
SCHD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $737K | 22.47% |
| Jefferies LLC | $560K | 17.07% |
| J.P. Morgan Securities LLC | $479K | 14.60% |
| Citigroup Global Markets Inc. | $372K | 11.33% |
| Citadel Securities LLC | $315K | 9.59% |
| Mizuho Securities USA LLC | $222K | 6.78% |
| BofA Securities, Inc. | $216K | 6.57% |
| UBS Securities LLC | $196K | 5.98% |
| Macquarie Capital (USA) Inc. | $104K | 3.17% |
| Bernstein Institutional Services LLC | $81K | 2.46% |
SCHD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $75.1M | 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.