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Schwab Fundamental U.S. Broad Market Index ETF

ETF
FNDB
Payout Change
Pending
Price as of:
$62.83 -0.38 -0.6%
primary theme
U.S. Large-Cap Value Equity
FNDB (ETF)

Schwab Fundamental U.S. Broad Market Index ETF

Payout Change
Pending
Price as of:
$62.83 -0.38 -0.6%
primary theme
U.S. Large-Cap Value Equity
FNDB (ETF)

Schwab Fundamental U.S. Broad Market Index ETF

Payout Change
Pending
Price as of:
$62.83 -0.38 -0.6%
primary theme
U.S. Large-Cap Value Equity

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab Fundamental U.S. Broad Market Index ETF

FNDB | ETF

$62.83

$705 M

2.03%

$1.27

0.25%

Vitals

YTD Return

3.3%

1 yr return

16.7%

3 Yr Avg Return

7.9%

5 Yr Avg Return

12.6%

Net Assets

$705 M

Holdings in Top 10

20.1%

52 WEEK LOW AND HIGH

$63.2
$52.56
$66.26

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab Fundamental U.S. Broad Market Index ETF

FNDB | ETF

$62.83

$705 M

2.03%

$1.27

0.25%

FNDB - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 12.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Schwab Fundamental U.S. Broad Market Index ETF
  • Fund Family Name
    SCHFLFSETF
  • Inception Date
    Aug 15, 2013
  • Shares Outstanding
    7950000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Bliss

Fund Description

To pursue its goal, the fund generally invests in stocks that are included in the Russell RAFI US Index†. The index selects, ranks, and weights securities by fundamental measures of company size – adjusted sales, retained operating cash flow, and dividends plus buybacks – rather than market capitalization. The index measures the performance of the constituent companies by fundamental overall company scores (scores), which are created using as the universe the U.S. companies in the FTSE Global Total Cap Index (the parent index). Securities are grouped in order of decreasing score and each company receives a weight based on its percentage of the total scores of the U.S. companies within the parent index. The weights of the companies included in the index are determined annually and are implemented using a partial quarterly reconstitution methodology in which the index is split into four equal segments and each segment is rebalanced on a rolling quarterly basis. The index is compiled and calculated by Frank Russell Company in conjunction with Research Affiliates LLC, and the method of calculating the components of the index is subject to change.
It is the fund’s policy that, under normal circumstances, it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in stocks included in the index. The fund will notify its shareholders at least 60 days before changing this policy. The fund may sell securities that are represented in the index in anticipation of their removal from the index, or buy securities that are not yet represented in the index in anticipation of their addition to the index.
Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. The principal types of these investments include those that the investment adviser believes will help the fund track the index, such as investments in (a) securities that are not represented in the index but the investment adviser anticipates will be added to the index or as necessary to reflect various corporate actions (such as mergers and spin-offs), (b) other investment companies, and (c) derivatives, principally futures contracts. The fund may use futures contracts and other derivatives primarily to seek returns on the fund’s otherwise uninvested cash assets to help it better track the index. The fund may also invest in cash and cash equivalents, including money market funds, and may lend its securities to minimize the difference in performance that naturally exists between an index fund and its corresponding index.
†
Index ownership – The Schwab Fundamental U.S. Broad Market Index ETF is not in any way sponsored, endorsed, sold or promoted by Frank Russell Company (Russell), by the London Stock Exchange Group companies (LSEG), or by Research Affiliates LLC (RA) (collectively the Licensor Parties), and none of the Licensor Parties make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Russell RAFI US Index (the Index) or otherwise. The Index is compiled and calculated by Russell in conjunction with RA. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any error therein. “Russell®” is a trademark of Russell. The trade names “Research Affiliates®”, “Fundamental Index®” and “RAFI®” are registered trademarks of RA. Charles Schwab Investment Management, Inc. has obtained full license from Russell to use the Index. For full disclaimer please see the fund’s statement of additional information.
​
Because it may not be possible or practicable to purchase all of the stocks in the index, the investment adviser seeks to track the total return of the index by using sampling techniques. Sampling techniques involve investing in a limited number of index securities which, when taken together, are expected to perform similarly to the index as a whole. These techniques are based on a variety of factors, including performance attributes, tax considerations, capitalization, dividend yield, price/earnings ratio, industry factors, risk factors and other characteristics. The fund generally expects that its portfolio will hold less than the total number of securities in the index, but reserves the right to hold as many securities as it believes necessary to achieve the fund’s investment objective. The fund generally expects that its industry weightings, dividend yield and price/earnings ratio will be similar to those of the index.
The fund will concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry, group of industries or sector to approximately the same extent that the index is so concentrated.
The investment adviser seeks to achieve, over time, a correlation between the fund’s performance and that of the index, before fees and expenses, of 95% or better. However, there can be no guarantee that the fund will achieve a high degree of correlation with the index. A number of factors may affect the fund’s ability to achieve a high correlation with the index, including the number of index securities held by the fund as part of the sampling technique. The correlation between the performance of the fund and the index may also diverge due to transaction costs, asset valuations, corporate actions (such as mergers and spin-offs), timing variances, and differences between the fund’s portfolio and the index resulting from legal restrictions (such as diversification requirements) that apply to the fund but not to the index.
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FNDB - Performance

Return Ranking - Trailing

Period FNDB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -4.9% 13.1% 63.07%
1 Yr 16.7% -10.8% 32.4% 27.09%
3 Yr 7.9%* -4.8% 29.8% 17.15%
5 Yr 12.6%* -1.5% 42.8% 7.27%
10 Yr 10.8%* 1.0% 24.4% 5.14%

* Annualized

Return Ranking - Calendar

Period FNDB Return Category Return Low Category Return High Rank in Category (%)
2023 16.1% -24.9% 46.1% 7.32%
2022 -9.3% -65.1% 4.6% 29.43%
2021 29.3% -44.2% 57.5% 3.92%
2020 6.5% -23.2% 285.0% 8.40%
2019 25.8% -21.4% 48.5% 8.85%

Total Return Ranking - Trailing

Period FNDB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -4.9% 13.1% 63.07%
1 Yr 16.7% -10.8% 32.4% 27.09%
3 Yr 7.9%* -4.8% 29.8% 17.15%
5 Yr 12.6%* -1.5% 42.8% 7.27%
10 Yr 10.8%* 1.0% 24.4% 5.14%

* Annualized

Total Return Ranking - Calendar

Period FNDB Return Category Return Low Category Return High Rank in Category (%)
2023 18.4% -15.9% 46.7% 10.55%
2022 -7.5% -42.0% 8.5% 67.29%
2021 31.5% 3.6% 129.7% 7.20%
2020 9.4% -22.6% 304.8% 12.31%
2019 28.9% -12.7% 52.1% 16.06%

FNDB - Holdings

Concentration Analysis

FNDB Category Low Category High FNDB % Rank
Net Assets 705 M 1.09 M 163 B 52.92%
Number of Holdings 1689 2 1689 0.09%
Net Assets in Top 10 120 M 420 K 33.9 B 62.62%
Weighting of Top 10 20.08% 4.8% 99.9% 88.01%

Top 10 Holdings

  1. Apple Inc 4.29%
  2. Microsoft Corp 2.80%
  3. Berkshire Hathaway Inc 2.14%
  4. Meta Platforms Inc 1.95%
  5. JPMorgan Chase Co 1.80%
  6. Intel Corp 1.72%
  7. Exxon Mobil Corp 1.59%
  8. Amazon.com Inc 1.35%
  9. Verizon Communications Inc 1.25%
  10. ATT Inc 1.20%

Asset Allocation

Weighting Return Low Return High FNDB % Rank
Stocks 		99.76% 1.86% 108.42% 9.22%
Cash 		0.24% -0.79% 38.18% 85.53%
Other 		0.00% -3.53% 39.72% 28.17%
Preferred Stocks 		0.00% 0.00% 13.88% 79.59%
Convertible Bonds 		0.00% 0.00% 3.66% 79.10%
Bonds 		0.00% -0.71% 73.23% 79.33%

Stock Sector Breakdown

Weighting Return Low Return High FNDB % Rank
Financial Services 		16.06% 0.00% 58.05% 78.49%
Technology 		14.63% 0.00% 54.02% 22.12%
Healthcare 		12.98% 0.00% 30.08% 86.82%
Energy 		11.48% 0.00% 54.00% 13.53%
Industrials 		10.17% 0.00% 42.76% 65.22%
Consumer Cyclical 		8.69% 0.00% 22.74% 17.69%
Consumer Defense 		8.54% 0.00% 34.10% 49.09%
Communication Services 		7.45% 0.00% 26.58% 23.85%
Utilities 		4.06% 0.00% 27.04% 56.46%
Basic Materials 		3.12% 0.00% 21.69% 56.90%
Real Estate 		2.82% 0.00% 90.54% 47.96%

Stock Geographic Breakdown

Weighting Return Low Return High FNDB % Rank
US 		99.76% 1.86% 108.42% 8.35%
Non US 		0.00% 0.00% 27.89% 85.36%

FNDB - Expenses

Operational Fees

FNDB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.03% 14.82% 96.11%
Management Fee 0.25% 0.00% 1.50% 7.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FNDB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

FNDB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FNDB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 488.00% 8.24%

FNDB - Distributions

Dividend Yield Analysis

FNDB Category Low Category High FNDB % Rank
Dividend Yield 2.03% 0.00% 38.43% 65.95%

Dividend Distribution Analysis

FNDB Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Quarterly

Net Income Ratio Analysis

FNDB Category Low Category High FNDB % Rank
Net Income Ratio 1.79% -1.51% 4.28% 25.20%

Capital Gain Distribution Analysis

FNDB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FNDB - Fund Manager Analysis

Managers

Christopher Bliss

Start Date

Tenure

Tenure Rank

Apr 26, 2017

5.1

5.1%

Christopher Bliss, CFA, Vice President and Head of the Passive Equity Team, leads the portfolio management team for Schwab’s Passive Equity Funds and ETFs. Prior to joining CSIM in 2016, Mr. Bliss spent twelve years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a Managing Director and Head of Americas Institutional Index team. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan.

Ferian Juwono

Start Date

Tenure

Tenure Rank

Apr 26, 2017

5.1

5.1%

Ferian Juwono, CFA, Managing Director and Senior Portfolio Manager. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors) as a portfolio manager, managing equity index funds for institutional clients, and nearly two years as a senior business analyst. Prior to that, Mr. Juwono worked for more than four years as a senior financial analyst with Union Bank of California.

Sabya Sinha

Start Date

Tenure

Tenure Rank

Apr 26, 2017

5.1

5.1%

Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF and Schwab Fundamental U.S. Small Company Index ETF. Prior to joining CSIM in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America’s Columbia Management subsidiary as a portfolio manager for three years.

Jeremy Brown

Start Date

Tenure

Tenure Rank

Jun 28, 2019

2.93

2.9%

Jeremy Brown, Portfolio Manager, joined CSIM in 2017, Mr. Brown spent six years with ALPS Advisors, Inc. in Denver, most recently as a Senior Analyst in the ETF Portfolio Management and Research Team where he performed portfolio management, trading and analytics/research functions of ALPS ETFs and passive funds. Additionally, Mr. Brown led a number of investment research, commentary, industry trend analysis and sales and marketing support initiatives.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42

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