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Operating Expense Ratio (OER) OERs are charged annually by the fund company, expressed as a percentage of a fund's average net assets. They cover the fund's management and other costs. Passively managed funds are designed to track a specific market index and typically have lower costs (OERs) than actively managed funds that pay fund managers or management teams to make ongoing decisions on where a fund's money is invested.
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Trade Commission (online) Your broker may charge you a trade commission each time you buy or sell an ETF.
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Other Costs Bid/ask spreads and changes in discounts and premiums can also factor into your trade costs.
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*About Schwab ETFs - Schwab ETFs are distributed by SEI Investments Distribution Co.