SWYLX Fees and Costs — Schwab Target 2020 Index Fund
Data updated: 2026-08-25
The net expense ratio is 0.08% (0.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0075% of average net assets, and portfolio turnover was 15%.
SWYLX Fees and Expenses
Annual operating expenses and sales charges of SWYLX. Prospectus, as of July 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.12% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.08% |
| 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 |
SWYLX Costs Over Time
On $10,000 invested in SWYLX, assuming 5% a year before costs, total costs come to $56 over 5 years, cutting the return by 0.09% 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 0.08%) | $8 | $26 | $46 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $30 | $56 |
| Value after costs | $10,491 | $11,546 | $12,707 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
SWYLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0075%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
SWYLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $6K | 26.53% |
| Goldman Sachs & Co. LLC | $5K | 23.01% |
| Susquehanna Financial Group, LLLP | $4K | 17.49% |
| Flow Traders U.S. Institutional Trading LLC | $3K | 15.15% |
| Citadel Securities LLC | $2K | 9.76% |
| Virtu Americas LLC | $2K | 8.06% |
SWYLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $1.1M | 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.