Schwab Core Equity
Fund
SWANX
Price as of:
$18.75
+ $0.25
+ 1.35%
Primary Theme
fund company
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.3%
1 yr return
-10.1%
3 Yr Avg Return
-4.3%
5 Yr Avg Return
-4.3%
Net Assets
$1.41 B
Holdings in Top 10
42.0%
52 WEEK LOW AND HIGH
$18.5
$16.58
$21.70
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 86.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SWANX - Profile
Distributions
- YTD Total Return 11.3%
- 3 Yr Annualized Total Return -4.3%
- 5 Yr Annualized Total Return -4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.81%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameSchwab Core Equity Fund™
-
Fund Family NameSchwab Funds
-
Inception DateJul 01, 1996
-
Shares Outstanding67558496
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerIain Clayton
Fund Description
To pursue its investment objective, the fund invests primarily in U.S. stocks. Under normal circumstances, the fund pursues its goal by investing at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in equity securities of U.S. companies. The fund will notify its shareholders at least 60
days before changing this policy. The fund typically invests in common stocks of U.S. companies that have market capitalizations of approximately $500 million or more at the time of purchase. The fund seeks to assemble a portfolio with long-term performance that will exceed that of the S&P 500® Index (the Index). The Index includes the common stocks of 500 leading U.S. publicly-traded companies from a broad range of industries.
The fund actively selects portfolio securities. To aid its stock selection, the fund uses Schwab Equity Ratings®, a model that assigns ratings to approximately 3,000 U.S.-traded stocks.In addition to using Schwab Equity Ratings, the portfolio managers utilize investment data and other analytics to help manage the fund’s portfolio.
Generally, when constructing the portfolio, the portfolio managers invest in stocks that are highly rated by Schwab Equity Ratings. As part of the portfolio construction process, the portfolio managers will also purchase lower-rated stocks or stocks that are not rated by Schwab Equity Ratings. This investment approach under normal conditions will result in a portfolio that maintains an overall weighting toward highly-rated stocks; however, the portfolio will usually include lower-rated stocks and stocks that are not rated by Schwab Equity Ratings. For more information on Schwab Equity Ratings, please see the “More About Schwab’s Research” section in the prospectus
When constructing the portfolio, the portfolio managers apply a research-driven, “bottom-up” approach focusing primarily on individual securities. Using both quantitative and qualitative techniques, the portfolio managers seek to identify attractive securities for equity investments. The companies are analyzed with respect to business quality, future return potential, and valuation. The portfolio managers assess the portfolio’s risk through a variety of quantitative and/or qualitative measures, as well as relative to the Index.
The fund may use a portfolio optimization process to assist in constructing the portfolio. A portfolio optimization process seeks to provide an optimal balance between risk and expected return, given parameters such as the number of stocks desired in the portfolio, the level of portfolio turnover, industry and sector diversification, and volatility considerations.
The fund may invest in derivatives, principally futures contracts, primarily to seek returns on the fund’s otherwise uninvested cash assets. A futures contract is a contract to buy or sell a specific financial instrument at a specified price at a specific future time. By using these instruments, the fund potentially can offset the impact on its performance of keeping some assets in cash.
The fund may invest in exchange-traded funds (ETFs) and stocks of real estate investment trusts (REITs). The fund also may lend portfolio
securities to earn additional income. Any income realized through securities lending may help fund performance.
For temporary defensive purposes during unusual economic or market conditions or for liquidity purposes, the fund may invest up to 100% of its assets in cash, money market instruments, repurchase agreements and other short-term obligations. The fund also may invest in these types of securities or hold cash while looking for suitable investment opportunities. When the fund engages in such activities, it may not achieve its investment objective.
SWANX - Performance
Return Ranking - Trailing
| Period | SWANX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.3% | -51.8% | 22.1% | 61.80% |
| 1 Yr | -10.1% | -58.9% | 46.9% | 92.55% |
| 3 Yr | -4.3%* | -25.7% | 197.6% | 91.99% |
| 5 Yr | -4.3%* | -29.1% | 93.8% | 89.67% |
| 10 Yr | -1.4%* | -17.2% | 37.0% | 88.85% |
* Annualized
Return Ranking - Calendar
| Period | SWANX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -29.3% | -69.4% | 53.7% | 90.20% |
| 2021 | -0.7% | -94.0% | 152.6% | 94.28% |
| 2020 | 2.2% | -13.9% | 183.6% | 78.11% |
| 2019 | 5.9% | -18.2% | 8.9% | 33.25% |
| 2018 | -4.6% | -80.2% | 35.2% | 82.91% |
Total Return Ranking - Trailing
| Period | SWANX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.3% | -97.2% | 22.1% | 61.80% |
| 1 Yr | -10.1% | -58.9% | 67.6% | 92.73% |
| 3 Yr | -4.3%* | -25.7% | 197.6% | 92.10% |
| 5 Yr | -4.3%* | -28.1% | 93.8% | 92.92% |
| 10 Yr | -1.4%* | -11.8% | 37.0% | 96.25% |
* Annualized
Total Return Ranking - Calendar
| Period | SWANX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -29.3% | -69.4% | 53.7% | 90.27% |
| 2021 | -0.7% | -94.0% | 152.6% | 94.28% |
| 2020 | 2.2% | -13.9% | 183.6% | 78.03% |
| 2019 | 5.9% | -12.8% | 8.9% | 33.75% |
| 2018 | -4.6% | -60.0% | 35.2% | 90.41% |
NAV & Total Return History
SWANX - Holdings
Concentration Analysis
| SWANX | Category Low | Category High | SWANX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.41 B | 177 K | 1.21 T | 43.27% |
| Number of Holdings | 60 | 2 | 4154 | 71.02% |
| Net Assets in Top 10 | 652 M | 1.74 K | 270 B | 38.38% |
| Weighting of Top 10 | 42.04% | 1.8% | 100.0% | 17.23% |
Top 10 Holdings
- Microsoft Corp 8.62%
- Apple Inc 7.21%
- Alphabet Inc Class A 5.82%
- Amazon.com Inc 5.05%
- EOG Resources Inc 2.89%
- Bank of America Corp 2.68%
- Accenture PLC Class A 2.67%
- Visa Inc Class A 2.66%
- Verizon Communications Inc 2.61%
- Broadcom Inc 2.55%
Asset Allocation
| Weighting | Return Low | Return High | SWANX % Rank | |
|---|---|---|---|---|
| Stocks | 99.99% | 0.00% | 130.24% | 11.96% |
| Cash | 0.01% | -102.29% | 100.00% | 87.90% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 83.13% |
| Other | 0.00% | -13.91% | 134.98% | 82.64% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 81.26% |
| Bonds | 0.00% | -0.04% | 95.81% | 81.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SWANX % Rank | |
|---|---|---|---|---|
| Technology | 24.56% | 0.00% | 48.94% | 44.12% |
| Healthcare | 13.30% | 0.00% | 60.70% | 75.98% |
| Consumer Cyclical | 12.49% | 0.00% | 50.47% | 16.18% |
| Financial Services | 12.29% | 0.00% | 55.59% | 76.26% |
| Communication Services | 11.91% | 0.00% | 27.94% | 10.29% |
| Consumer Defense | 9.87% | 0.00% | 49.14% | 13.94% |
| Industrials | 7.27% | 0.00% | 29.90% | 87.61% |
| Energy | 4.90% | 0.00% | 41.64% | 26.82% |
| Utilities | 1.83% | 0.00% | 25.44% | 70.24% |
| Real Estate | 1.10% | 0.00% | 37.52% | 79.83% |
| Basic Materials | 0.48% | 0.00% | 26.10% | 91.88% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SWANX % Rank | |
|---|---|---|---|---|
| US | 97.99% | 0.00% | 127.77% | 34.37% |
| Non US | 2.00% | 0.00% | 33.51% | 48.27% |
SWANX - Expenses
Operational Fees
| SWANX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.01% | 2.95% | 49.83% |
| Management Fee | 0.47% | 0.00% | 2.00% | 43.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| SWANX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SWANX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 40.29% |
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.
| SWANX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 86.00% | 0.00% | 496.00% | 89.21% |
SWANX - Distributions
Dividend Yield Analysis
| SWANX | Category Low | Category High | SWANX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.43% | 0.00% | 19.15% | 90.83% |
Dividend Distribution Analysis
| SWANX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| SWANX | Category Low | Category High | SWANX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.81% | -54.00% | 6.06% | 43.13% |
Capital Gain Distribution Analysis
| SWANX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2018 | $0.271 | OrdinaryDividend |
| Dec 08, 2017 | $0.344 | OrdinaryDividend |
| Dec 12, 2016 | $0.340 | OrdinaryDividend |
| Dec 10, 2015 | $0.365 | OrdinaryDividend |
| Dec 09, 2014 | $0.334 | OrdinaryDividend |
| Dec 05, 2013 | $0.224 | OrdinaryDividend |
| Dec 06, 2012 | $0.166 | OrdinaryDividend |
| Aug 31, 2012 | $0.169 | ExtraDividend |
| Dec 22, 2011 | $0.167 | OrdinaryDividend |
| Dec 23, 2010 | $0.167 | OrdinaryDividend |
| Dec 23, 2009 | $0.152 | OrdinaryDividend |
| Dec 23, 2008 | $0.218 | OrdinaryDividend |
| Dec 23, 2005 | $0.090 | OrdinaryDividend |
| Dec 20, 2004 | $0.162 | OrdinaryDividend |
| Dec 22, 2003 | $0.109 | OrdinaryDividend |
| Dec 16, 2002 | $0.074 | OrdinaryDividend |
| Dec 24, 2001 | $0.076 | OrdinaryDividend |
| Dec 31, 1998 | $0.086 | OrdinaryDividend |
| Dec 29, 1997 | $0.122 | OrdinaryDividend |
| Dec 27, 1996 | $0.075 | OrdinaryDividend |
SWANX - Fund Manager Analysis
Managers
Iain Clayton
Start Date
Tenure
Tenure Rank
Feb 27, 2015
7.26
7.3%
Iain Clayton, CFA, FRM, Senior Portfolio Manager, joined Charles Schwab Investment Management Inc in 2013, Mr. Clayton spent more than five years at SSI Investment Management, where he was a portfolio manager and director of quantitative research. In these roles, Mr. Clayton co-managed multiple investment strategies and developed quantitative models and valuation approaches. From 2004 to 2008, he worked as a portfolio manager and director at RCM Capital Management (now known as Allianz Global Investors) and helped manage various equity portfolios and developed fundamental-based stock selection models. Prior to that, he was a vice president at Eureka Investment Advisors for almost three years and also served as a senior quantitative analyst/assistant portfolio manager. He has also worked as a quantitative research analyst at RCM Capital Management.
Bill McMahon
Start Date
Tenure
Tenure Rank
Aug 10, 2021
0.81
0.8%
Senior Vice President and Chief Investment Officer of Active Equity Strategies, is responsible for the day-to-day co-management of the fund. He has managed the fund since August 2021.
Brian Hillburn
Start Date
Tenure
Tenure Rank
Aug 10, 2021
0.81
0.8%
Brian Hillburn is an Equity Analyst on the ThomasPartners strategies. He began his tenure in 2014 and has been in the investment industry since 1995. Prior to joining Charles Schwab, he was an Equity Analyst with Rockland Trust Company. He has a BA in Political Science and Communications from the University of Michigan and an MBA in Finance and Accounting from The University of Chicago Booth School of Business. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.17 | 2.42 |