Schwab New York Municipal Money Fund
Fund
SNYXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 11/01/2024Price
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
Vitals
YTD Return
2.7%
1 yr return
3.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$123 M
Holdings in Top 10
28.2%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 11/01/2024Price
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
SNYXX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.01%
- Dividend Yield 2.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSchwab New York Municipal Money Fund
-
Fund Family NameSCHFLFSETF
-
Inception DateSep 24, 2020
-
Shares Outstanding357631377
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
To pursue its goal, the fund invests in money market securities from New York issuers and from municipal agencies, U.S. territories and possessions. These securities may include general obligation issues, which typically are backed by the issuer’s ability to levy taxes; revenue bonds, which typically are backed by a stream of revenue from a given source, such as a public water system or hospital; municipal commercial paper and municipal notes; and municipal leases, which may be used to finance construction or equipment purchases. The fund may invest more than 25% of its total assets in municipal securities financing similar projects such as those relating to education, health care, transportation, utilities, industrial development and housing. Under normal circumstances, the fund will invest at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal money market securities the interest from which is exempt from federal income and New York state and local income tax. Up to 20% of the fund’s net assets may be invested in securities subject to federal income tax and/or New York state and local income tax, such as non-New York municipal obligations, government securities or repurchase agreements. When the fund makes such investments, a higher portion of the fund’s distributions will likely be subject to federal income tax and/or New York state and local income tax.
The fund may purchase certain variable-rate demand securities issued by closed-end municipal bond funds, which, in turn, invest primarily in portfolios of New York tax-exempt municipal bonds. It is anticipated that the interest on the variable-rate demand securities will be exempt from federal and New York State income tax. These securities are considered “municipal money market securities” for purposes of the fund’s 80% investment policy stated above.
Many of the fund’s securities will be subject to credit or liquidity enhancements from U.S. and/or non-U.S. entities, which are designed to provide incremental levels of creditworthiness or liquidity. Some municipal securities have been structured to resemble variable- and floating-rate securities so that they meet the requirements for being considered money market instruments.
In choosing securities, the fund’s manager seeks to maximize current income within the limits of the fund’s investment objective and credit, maturity and diversification policies. Some of these policies may be stricter than the federal regulations that apply to all money market funds.
The investment adviser’s credit research department analyzes and monitors the securities that the fund owns or is considering buying. The manager may adjust the fund’s holdings or its average maturity based on actual or anticipated changes in credit quality or market dynamics, such as interest rates. To preserve its investors’ capital, the fund seeks to maintain a stable $1.00 share price by operating as a “retail money market fund,” as such term is defined or interpreted under the rules governing money market funds.
As a temporary defensive position, the investment adviser may invest any portion of the fund’s assets in securities subject to federal income tax and/or New York state and local income tax, or may hold any portion of the fund’s assets in cash. When the fund engages in such activities, it may not achieve its investment goal.
SNYXX - Performance
Return Ranking - Trailing
| Period | SNYXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | 1.7% | 4.4% | 42.11% |
| 1 Yr | 3.0% | 1.9% | 4.9% | 34.21% |
| 3 Yr | N/A* | 1.3% | 3.5% | 36.92% |
| 5 Yr | N/A* | 0.8% | 2.1% | N/A |
| 10 Yr | N/A* | 0.6% | 1.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SNYXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | 0.0% | 0.0% | 51.32% |
| 2022 | 0.0% | 0.0% | 0.0% | 50.00% |
| 2021 | N/A | 0.0% | 0.0% | N/A |
| 2020 | N/A | 0.0% | 0.0% | N/A |
| 2019 | N/A | 0.0% | 0.0% | N/A |
Total Return Ranking - Trailing
| Period | SNYXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | 1.7% | 4.4% | 42.11% |
| 1 Yr | 3.0% | 1.9% | 4.9% | 34.21% |
| 3 Yr | N/A* | 1.3% | 3.5% | 36.92% |
| 5 Yr | N/A* | 0.8% | 2.1% | N/A |
| 10 Yr | N/A* | 0.6% | 1.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SNYXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.5% | 2.0% | 5.4% | 14.47% |
| 2022 | 1.1% | 0.2% | 1.2% | 3.95% |
| 2021 | N/A | 0.0% | 0.3% | N/A |
| 2020 | N/A | 0.0% | 1.3% | N/A |
| 2019 | N/A | 0.0% | 2.7% | N/A |
NAV & Total Return History
SNYXX - Holdings
Concentration Analysis
| SNYXX | Category Low | Category High | SNYXX % Rank | |
|---|---|---|---|---|
| Net Assets | 123 M | 3.67 M | 19.7 B | 81.58% |
| Number of Holdings | 125 | 1 | 921 | 57.89% |
| Net Assets in Top 10 | 163 M | 40.6 M | 17.4 B | 76.32% |
| Weighting of Top 10 | 28.15% | 9.8% | 100.0% | 59.21% |
Top 10 Holdings
- NUVEEN NEW YORK AMT-FREE MUN INCOME FD 0.55% 6.90%
- TENDER OPT BD TR RCPTS / CTFS VAR STS 0.54% 4.21%
- NEW YORK ST HSG FIN AGY REV 0.06% 4.17%
- METROPOLITAN TRANSN AUTH N Y REV 0.13% 2.97%
- NEW YORK ST PWR AUTH IAM COML PAPER 3/A2 SER 2 0.18% 2.93%
- NEW YORK ST ENERGY RESH & DEV AUTH 0.08% 2.81%
- METROPOLITAN TRANSN AUTH N Y REV 0.12% 2.73%
- CLIPPER TAX-EXEMPT CTF TR 0.3% 2.71%
- NEW YORK ST HSG FIN AGY REV 0.08% 2.55%
- RBC MUN PRODS INC TR VARIOUS STS 0.54% 2.44%
Asset Allocation
| Weighting | Return Low | Return High | SNYXX % Rank | |
|---|---|---|---|---|
| Bonds | 90.49% | 0.00% | 99.21% | 22.37% |
| Cash | 9.51% | 0.79% | 100.00% | 80.26% |
| Stocks | 0.00% | 0.00% | 0.00% | 50.00% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 50.00% |
| Other | 0.00% | 0.00% | 0.00% | 50.00% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 50.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SNYXX % Rank | |
|---|---|---|---|---|
| Municipal | 90.49% | 0.00% | 99.21% | 22.37% |
| Cash & Equivalents | 9.51% | 0.79% | 100.00% | 80.26% |
| Derivative | 0.00% | 0.00% | 0.00% | 50.00% |
| Securitized | 0.00% | 0.00% | 0.00% | 50.00% |
| Corporate | 0.00% | 0.00% | 0.00% | 50.00% |
| Government | 0.00% | 0.00% | 13.45% | 55.26% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SNYXX % Rank | |
|---|---|---|---|---|
| US | 90.49% | 0.00% | 99.21% | 22.37% |
| Non US | 0.00% | 0.00% | 0.00% | 50.00% |
SNYXX - Expenses
Operational Fees
| SNYXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.21% | 0.15% | 1.77% | 84.21% |
| Management Fee | 0.19% | 0.08% | 0.49% | 57.89% |
| 12b-1 Fee | N/A | 0.00% | 0.75% | N/A |
| Administrative Fee | N/A | 0.05% | 0.50% | N/A |
Sales Fees
| SNYXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| SNYXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| SNYXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 0.00% | N/A |
SNYXX - Distributions
Dividend Yield Analysis
| SNYXX | Category Low | Category High | SNYXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.93% | 2.26% | 5.22% | 76.32% |
Dividend Distribution Analysis
| SNYXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SNYXX | Category Low | Category High | SNYXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.01% | 0.00% | 0.12% | 55.26% |
Capital Gain Distribution Analysis
| SNYXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 15, 2024 | $0.002 | OrdinaryDividend |
| Sep 16, 2024 | $0.003 | OrdinaryDividend |
| Aug 15, 2024 | $0.003 | OrdinaryDividend |
| Apr 15, 2024 | $0.003 | OrdinaryDividend |
| Mar 15, 2024 | $0.003 | OrdinaryDividend |
| Jan 16, 2024 | $0.001 | OrdinaryDividend |
| Dec 29, 2023 | $0.004 | OrdinaryDividend |
| Nov 15, 2023 | $0.003 | OrdinaryDividend |
| Oct 16, 2023 | $0.003 | OrdinaryDividend |
| Sep 15, 2023 | $0.003 | OrdinaryDividend |
| Aug 15, 2023 | $0.002 | OrdinaryDividend |
| Jul 17, 2023 | $0.003 | OrdinaryDividend |
| Jun 15, 2023 | $0.002 | OrdinaryDividend |
| May 15, 2023 | $0.002 | OrdinaryDividend |
| Apr 17, 2023 | $0.003 | OrdinaryDividend |
| Mar 15, 2023 | $0.002 | OrdinaryDividend |
| Feb 15, 2023 | $0.002 | OrdinaryDividend |
| Jan 17, 2023 | $0.001 | OrdinaryDividend |
| Dec 30, 2022 | $0.003 | OrdinaryDividend |
| Nov 15, 2022 | $0.002 | OrdinaryDividend |
| Oct 17, 2022 | $0.002 | OrdinaryDividend |
| Sep 15, 2022 | $0.001 | OrdinaryDividend |
| Aug 15, 2022 | $0.001 | OrdinaryDividend |
| Jul 15, 2022 | $0.001 | OrdinaryDividend |
| Jun 15, 2022 | $0.000 | OrdinaryDividend |
| May 16, 2022 | $0.000 | OrdinaryDividend |
| Apr 18, 2022 | $0.000 | OrdinaryDividend |
| Mar 15, 2022 | $0.000 | OrdinaryDividend |
| Jan 18, 2022 | $0.000 | OrdinaryDividend |
| Dec 31, 2021 | $0.000 | CapitalGainShortTerm |
| Dec 31, 2021 | $0.000 | CapitalGainLongTerm |
| Dec 31, 2021 | $0.000 | OrdinaryDividend |
| Nov 15, 2021 | $0.000 | OrdinaryDividend |
| Oct 15, 2021 | $0.000 | OrdinaryDividend |
| Sep 15, 2021 | $0.000 | OrdinaryDividend |
| Aug 16, 2021 | $0.000 | OrdinaryDividend |
| Jul 15, 2021 | $0.000 | OrdinaryDividend |
| Jun 15, 2021 | $0.000 | OrdinaryDividend |
| May 17, 2021 | $0.000 | OrdinaryDividend |
| Apr 15, 2021 | $0.000 | OrdinaryDividend |
| Mar 15, 2021 | $0.000 | OrdinaryDividend |
| Feb 16, 2021 | $0.000 | OrdinaryDividend |
| Jan 15, 2021 | $0.000 | OrdinaryDividend |
| Dec 31, 2020 | $0.000 | CapitalGainLongTerm |
| Dec 31, 2020 | $0.000 | OrdinaryDividend |
| Nov 16, 2020 | $0.000 | OrdinaryDividend |
| Oct 15, 2020 | $0.000 | OrdinaryDividend |