SCHM Fees and Costs — Schwab U.S. Mid-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 $455K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 9%.
SCHM Fees and Expenses
Annual operating expenses and sales charges of SCHM. 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 |
SCHM Costs Over Time
On $10,000 invested in SCHM, assuming 5% a year before costs, total costs come to $28 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) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $15 | $28 |
| Value after costs | $10,495 | $11,561 | $12,735 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
SCHM 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): 0.0040%
- Total broker commissions: $455K
- Bought from dealers (principal trades, not a cost): $5.6M
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $44.1M
- Net income from securities lending: $1.7M (0.015% of average net assets)
SCHM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $61K | 20.56% |
| Morgan Stanley & Co. LLC | $37K | 12.49% |
| Barclays Capital Inc. | $33K | 11.03% |
| Jefferies LLC | $28K | 9.38% |
| BTIG, LLC | $28K | 9.26% |
| UBS Securities LLC | $27K | 9.18% |
| Piper Sandler & Co. | $22K | 7.39% |
| Stuart Frankel & Co., Incorporated | $21K | 6.96% |
| Macquarie Capital (USA) Inc. | $21K | 6.94% |
| J.P. Morgan Securities LLC | $20K | 6.81% |
SCHM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.8M | 49.94% |
| Jefferies LLC | $874K | 15.58% |
| J.P. Morgan Securities LLC | $712K | 12.69% |
| Citigroup Global Markets Inc. | $644K | 11.47% |
| Goldman Sachs & Co. LLC | $364K | 6.48% |
| Barclays Capital Inc. | $211K | 3.76% |
| Morgan Stanley & Co. LLC | $4K | 0.08% |
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.