SWTSX Fees and Costs — Schwab Total Stock Market Index Fund
Data updated: 2026-09-24
The net expense ratio is 0.03%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $379K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 3%.
SWTSX Fees and Expenses
Annual operating expenses and sales charges of SWTSX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
SWTSX Costs Over Time
On $10,000 invested in SWTSX, assuming 5% a year before costs, total costs come to $20 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $3 | $11 | $20 |
| Value after costs | $10,497 | $11,565 | $12,743 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
SWTSX 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): 0.0013%
- Total broker commissions: $379K
- Bought from dealers (principal trades, not a cost): $34.8M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $34.6M
- Net income from securities lending: $2.0M (0.007% of average net assets)
SWTSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $52K | 19.42% |
| Citigroup Global Markets Inc. | $49K | 18.30% |
| Mizuho Securities USA LLC | $42K | 15.95% |
| Jefferies LLC | $22K | 8.35% |
| Bernstein Institutional Services LLC | $21K | 7.93% |
| Stuart Frankel & Co., Incorporated | $21K | 7.80% |
| J.P. Morgan Securities LLC | $15K | 5.68% |
| Macquarie Capital (USA) Inc. | $15K | 5.68% |
| Virtu Americas LLC | $15K | 5.68% |
| Goldman Sachs & Co. LLC | $14K | 5.21% |
SWTSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.1M | 45.18% |
| Morgan Stanley & Co. LLC | $5.8M | 18.60% |
| BofA Securities, Inc. | $5.7M | 18.40% |
| Goldman Sachs & Co. LLC | $3.2M | 10.26% |
| Jefferies LLC | $1.1M | 3.42% |
| Barclays Capital Inc. | $831K | 2.67% |
| Citigroup Global Markets Inc. | $222K | 0.71% |
| UBS Securities LLC | $203K | 0.65% |
| Wells Fargo Securities, LLC | $19K | 0.06% |
| TD Securities (USA) LLC | $13K | 0.04% |
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.