| What you might pay elsewhere | With Schwab | |
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| Operating Expense Ratio (OER) |
Passively managed funds The industry asset-weighted OER for passively managed funds is 0.06%.1 Actively managed funds The industry asset-weighted OER for actively managed funds is 0.60%.1
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Passively managed funds Schwab Funds®2 The asset-weighted OER ratio for passively managed mutual funds is 0.05%.3 OERs can range from 0.02% – 0.39%. Actively managed funds Schwab Funds2 The asset-weighted OER ratio for actively managed mutual funds is 0.76%.3 OERs can range from 0.38% – 1.09%.
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| Load | Loads vary fund-to-fund. Look for the fund's load in its prospectus. |
$0 for Schwab Funds* and any fund participating in Schwab's Mutual Fund OneSource® service.4 No-load and load-waived funds that do not participate in Schwab Mutual Fund OneSource are also available, but transaction fees apply.
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| Transaction Fee |
Purchase $0 – $74.955 Redeem $0 – $49.995
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Purchase $06 online for Schwab Funds* and any fund participating in Schwab's Mutual Fund OneSource service. Up to $74.95 for all other funds.† Redeem $06 online for Schwab Funds* and any fund participating in Schwab's Mutual Fund OneSource service. †Per-trade transaction fees do not exceed 8.5% of principal, up to $74.95. Trades below $100 in principal are exempt from the transaction fee.
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1. Industry OERs obtained from Simfund, as reflected on 1/15/19. Includes OERs from all funds registered in the U.S., excluding money market funds and fund of funds. OERs are net expense ratios, and may not take into account the impact of fee cuts or fee increases that occurred since the prospectus was last filed.
2. Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab Funds, and Charles Schwab & Co., Inc. (Schwab, Member SIPC), the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
3. Asset-weighted average expense ratio is based on assets as of 6/30/18. An asset-weighted average basis is used to give more weight to funds with greater assets. It reflects where investors are actually putting their assets, and thus, better reflects the actual expenses by investors than does a simple average (weighting each fund equally).
4. Trades in no-load mutual funds available through the Mutual Fund OneSource service (including Schwab Funds), as well as certain other funds, are available without transaction fees. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading.
Charles Schwab & Co., Inc., Member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.
5. Based on competitor pricing information obtained from their respective websites as of 1/9/19: Fidelity, E*Trade, TD Ameritrade, and Vanguard. Competitor pricing and offers subject to change without notice.
6. Please be aware that transaction fees may apply to certain no-load funds that do not participate in Schwab's Mutual Fund OneSource platform. Such funds are subject to Schwab's standard transaction fees, in addition to any redemption fees imposed by the fund. See the Charles Schwab Pricing Guide for details. Get more details about Schwab Mutual Funds.