SWSSX Fees and Costs — Schwab Small-Cap Index Fund
Data updated: 2026-09-24
The net expense ratio is 0.04%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $751K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 12%.
SWSSX Fees and Expenses
Annual operating expenses and sales charges of SWSSX. Prospectus, as of February 28, 2026.
| 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 |
SWSSX Costs Over Time
On $10,000 invested in SWSSX, assuming 5% a year before costs, total costs come to $33 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $18 | $33 |
| Value after costs | $10,495 | $11,558 | $12,730 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
SWSSX 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): 0.0115%
- Total broker commissions: $751K
- Bought from dealers (principal trades, not a cost): $8.8M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $94.3M
- Net income from securities lending: $4.6M (0.071% of average net assets)
SWSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mizuho Securities USA LLC | $180K | 35.17% |
| Penserra Securities LLC | $62K | 12.07% |
| Citigroup Global Markets Inc. | $52K | 10.09% |
| Bernstein Institutional Services LLC | $43K | 8.35% |
| Macquarie Capital (USA) Inc. | $33K | 6.48% |
| Stuart Frankel & Co., Incorporated | $33K | 6.46% |
| Kepler Capital Markets, Inc. | $30K | 5.83% |
| Academy Securities, Inc. | $28K | 5.42% |
| Great Pacific Securities | $26K | 5.15% |
| Roth Capital Partners, LLC | $26K | 4.99% |
SWSSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.7M | 54.08% |
| Goldman Sachs & Co. LLC | $1.5M | 17.09% |
| BofA Securities, Inc. | $1.3M | 14.87% |
| Jefferies LLC | $721K | 8.21% |
| Morgan Stanley & Co. LLC | $299K | 3.41% |
| Barclays Capital Inc. | $106K | 1.21% |
| TD Securities (USA) LLC | $65K | 0.74% |
| Citigroup Global Markets Inc. | $21K | 0.24% |
| Wells Fargo Securities, LLC | $13K | 0.15% |
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.