SWYOX Fees and Costs — Schwab Target 2065 Index Fund
Data updated: 2026-08-25
The net expense ratio is 0.08% (0.13% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $52K in broker commissions, 0.0172% of average net assets, and portfolio turnover was 10%.
SWYOX Fees and Expenses
Annual operating expenses and sales charges of SWYOX. 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 | 0.13% |
| Fee waiver | −0.05% |
| 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 |
SWYOX Costs Over Time
On $10,000 invested in SWYOX, assuming 5% a year before costs, total costs come to $62 over 5 years, cutting the return by 0.10% 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $34 | $62 |
| Value after costs | $10,490 | $11,543 | $12,701 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
SWYOX 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): 0.0172%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $831K
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
SWYOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $10K | 20.35% |
| Jane Street Execution Services, LLC | $10K | 20.01% |
| Citadel Securities LLC | $9K | 16.97% |
| Flow Traders U.S. Institutional Trading LLC | $8K | 15.91% |
| Goldman Sachs & Co. LLC | $7K | 14.44% |
| Virtu Americas LLC | $6K | 11.97% |
| Jefferies LLC | $177 | 0.34% |
SWYOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $494K | 59.53% |
| Jane Street Execution Services, LLC | $336K | 40.47% |
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.