SFREX Fees and Costs — Schwab Fundamental Global Real Estate Index Fund
Data updated: 2026-07-24
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0143% of average net assets, and portfolio turnover was 21%.
SFREX Fees and Expenses
Annual operating expenses and sales charges of SFREX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
SFREX Costs Over Time
On $10,000 invested in SFREX, assuming 5% a year before costs, total costs come to $256 over 5 years, cutting the return by 0.42% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $140 | $256 |
| Value after costs | $10,458 | $11,436 | $12,507 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
SFREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0143%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $725K
- Net income from securities lending: $85K (0.111% of average net assets)
SFREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 43.46% |
| Citigroup Global Markets Inc. | $1K | 12.12% |
| Jefferies LLC | $717 | 7.66% |
| BofA Securities, Inc. | $640 | 6.83% |
| Morgan Stanley & Co. LLC | $627 | 6.70% |
| Goldman Sachs & Co. LLC | $583 | 6.23% |
| Barclays Capital Inc. | $558 | 5.96% |
| Macquarie Capital (USA) Inc. | $498 | 5.32% |
| HSBC Securities (USA) Inc. | $292 | 3.12% |
| Mizuho Securities USA LLC | $243 | 2.59% |
SFREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $333K | 20.52% |
| Barclays Capital Inc. | $295K | 18.17% |
| Morgan Stanley & Co. LLC | $208K | 12.82% |
| UBS Securities LLC | $205K | 12.61% |
| Macquarie Capital (USA) Inc. | $173K | 10.64% |
| Goldman Sachs & Co. LLC | $142K | 8.75% |
| HSBC Securities (USA) Inc. | $138K | 8.49% |
| RBC Capital Markets, LLC | $49K | 3.01% |
| BNP Paribas Securities Corp. | $43K | 2.67% |
| J.P. Morgan Securities LLC | $38K | 2.32% |
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.