SWHEX Fees and Costs — Schwab Hedged Equity Fund
Data updated: 2021-09-24
The net expense ratio is 1.91%: a 1.05% management fee plus 0.90% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $109K in broker commissions, 0.0939% of average net assets, and portfolio turnover was 168%.
SWHEX Fees and Expenses
Annual operating expenses and sales charges of SWHEX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.90% |
| Gross expense ratio | 1.95% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.91% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SWHEX Costs Over Time
On $10,000 invested in SWHEX, assuming 5% a year before costs, total costs come to $1,229 over 5 years, cutting the return by 2.10% 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 1.91%) | $201 | $619 | $1,063 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $32 | $114 |
| Total costs | $210 | $682 | $1,229 |
| Value after costs | $10,290 | $10,894 | $11,534 |
| Impact on return, per year | 2.10% | 2.10% | 2.10% |
SWHEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0939%
- Total broker commissions: $109K
- Bought from dealers (principal trades, not a cost): $222K
- Portfolio turnover (prospectus): 168%
- Securities on loan, average value: $26K
- Net income from securities lending: $215 (0.000% of average net assets)
SWHEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $35K | 36.11% |
| Jefferies LLC | $13K | 13.18% |
| Goldman Sachs & Co. LLC | $13K | 13.09% |
| Dash Financial Technologies LLC | $9K | 9.01% |
| J.P. Morgan Securities LLC | $8K | 8.62% |
| Virtu Americas LLC | $5K | 5.73% |
| Instinet, LLC | $4K | 4.30% |
| Wells Fargo Securities, LLC | $4K | 3.73% |
| Stifel, Nicolaus & Company, Incorporated | $3K | 3.50% |
| RBC Capital Markets, LLC | $3K | 2.73% |
SWHEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $222K | 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.