SWPPX Fees and Costs — Schwab S&P 500 Index Fund
Data updated: 2026-09-24
The net expense ratio is 0.02%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $608K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 3%.
SWPPX Fees and Expenses
Annual operating expenses and sales charges of SWPPX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.02% |
| Fee waiver | — |
| Net expense ratio | 0.02% |
| 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 |
SWPPX Costs Over Time
On $10,000 invested in SWPPX, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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 0.02%) | $2 | $7 | $12 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
SWPPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $608K
- Bought from dealers (principal trades, not a cost): $47.1M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $8.7M
- Net income from securities lending: $47K (0.000% of average net assets)
SWPPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $136K | 29.95% |
| Piper Sandler & Co. | $56K | 12.21% |
| Bernstein Institutional Services LLC | $52K | 11.53% |
| Stuart Frankel & Co., Incorporated | $48K | 10.44% |
| Mizuho Securities USA LLC | $38K | 8.25% |
| Macquarie Capital (USA) Inc. | $33K | 7.23% |
| Guzman & Company | $25K | 5.49% |
| Kepler Capital Markets, Inc. | $24K | 5.18% |
| J.P. Morgan Securities LLC | $22K | 4.92% |
| Proof Services LLC | $22K | 4.79% |
SWPPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $22.2M | 47.05% |
| Morgan Stanley & Co. LLC | $21.2M | 44.92% |
| Goldman Sachs & Co. LLC | $3.8M | 8.03% |
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.