SWSCX Fees and Costs — Schwab Small-Cap Equity Fund
Data updated: 2026-09-24
The net expense ratio is 1.09%: a 0.81% management fee plus 0.28% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $426K in broker commissions, 0.0697% of average net assets, and portfolio turnover was 108%.
SWSCX Fees and Expenses
Annual operating expenses and sales charges of SWSCX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | — |
| Other expenses | 0.28% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 | No |
SWSCX Costs Over Time
On $10,000 invested in SWSCX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 1.09%) | $114 | $357 | $617 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,040 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
SWSCX 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): 0.0697%
- Total broker commissions: $426K
- Bought from dealers (principal trades, not a cost): $386K
- Portfolio turnover (prospectus): 108%
- Securities on loan, average value: $743K
- Net income from securities lending: $40K (0.007% of average net assets)
SWSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $64K | 21.03% |
| Jefferies LLC | $53K | 17.51% |
| Virtu Americas LLC | $42K | 13.86% |
| BofA Securities, Inc. | $36K | 11.73% |
| J.P. Morgan Securities LLC | $25K | 8.26% |
| Goldman Sachs & Co. LLC | $21K | 6.77% |
| Proof Services LLC | $18K | 5.95% |
| TD Securities (USA) LLC | $16K | 5.18% |
| Liquidnet, Inc. | $15K | 4.88% |
| Bernstein Institutional Services LLC | $15K | 4.83% |
SWSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $386K | 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.