Schwab Global Real Estate Fund
Fund
SWASX
Price as of:
$5.88
- $0.07
- 1.18%
Primary Theme
fund company
Name
As of 04/30/2024Price
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
-7.1%
1 yr return
-1.7%
3 Yr Avg Return
-5.5%
5 Yr Avg Return
-1.7%
Net Assets
$286 M
Holdings in Top 10
33.3%
52 WEEK LOW AND HIGH
$6.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
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
SWASX - Profile
Distributions
- YTD Total Return -7.1%
- 3 Yr Annualized Total Return -5.5%
- 5 Yr Annualized Total Return -1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.01%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSchwab Global Real Estate Fund
-
Fund Family NameSCHFLFSETF
-
Inception DateMay 31, 2007
-
Shares Outstanding45377484
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWei Li
Fund Description
Under normal circumstances, the fund invests at least 80% of its net assets (including, for this purpose, any borrowings for investment
purposes) in securities of real estate companies and companies related to the real estate industry. The fund will provide shareholders with at least 60 days’ notice before changing this policy. Real estate companies include U.S. and non-U.S. issuers that, in the opinion of the investment adviser, derive at least 50% of their revenues or profits from the ownership, construction, development, financing, management, servicing, sale or leasing of commercial, industrial or residential real estate or have 50% of their total assets in real estate. Companies related to the real estate industry include companies whose products and services pertain to the real estate industry, such as mortgage lenders and mortgage servicing companies. The fund does not invest directly in real estate.
The fund may invest a significant portion of its total assets in real estate investment trusts (REITs) and other similar REIT-like structures. REITs are U.S. real estate companies that own and commonly operate income producing real estate, or that use their assets to finance real estate. REITs are not subject to U.S. corporate income tax, provided they comply with a number of tax requirements, including the distribution to shareholders of at least 90% of their net income. A number of other countries have adopted REIT-like structures that are not subject to local corporate income tax, provided they distribute a significant portion of their net income to shareholders and meet certain other requirements. The fund may also invest in real estate operating companies (REOCs). REOCs are real estate companies that engage in the development, management or financing of real estate. They typically provide services such as property management, property development, facilities management and real estate financing. REOCs are publicly-traded corporations that have not elected to be taxed as REITs. The three primary reasons for not making such an election are the (a) availability of tax-loss carry-forwards, (b) operation in non-REIT-qualifying lines of business, and (c) ability to retain earnings.
The fund invests in equity securities, primarily common stocks. The fund may also invest in other types of equity securities, including preferred stocks, convertible securities, rights or warrants to purchase stocks, and exchange-traded funds (ETFs).
The fund selects investments based on the investment adviser’s analysis of each issuer. In making this determination, the investment adviser may take into account a variety of factors that it determines to be relevant from time to time, such as the issuer’s financial condition, industry position, earnings estimates, management and local and global economic and market conditions. The investment adviser uses proprietary research to help choose and allocate the fund’s investments.
The fund may invest in derivative securities, such as swaps, options, futures and options on futures, which are principally tied to the real estate industry, for hedging purposes and to seek returns on the fund’s otherwise uninvested cash. The derivative securities may
relate to a specific investment, a group of investments, or the fund’s portfolio as a whole. Derivatives are financial contracts whose values depend upon or are derived from the values of underlying assets, reference rates or indexes. The fund may use investment techniques such as short sales and reverse repurchase agreements. Please see the “Principal Risks” section for a description of these investments. The fund may lend its securities to certain financial institutions to earn additional income.
Under normal market conditions, the fund seeks to invest its assets across different countries and regions. The fund’s investments in a single country or a limited number of countries may represent a higher percentage of the fund’s assets from time to time. The fund invests primarily in developed market countries, but may invest up to 15% of its total assets in emerging market countries. “Emerging market” countries include, but are not limited to, countries included in the MSCI Emerging Markets IndexSM. In allocating the fund’s investments, the investment adviser considers the size and condition of the real estate market in each country and region and the global real estate market as a whole. Except as provided above, the fund is not required to invest or restricted from investing any minimum or maximum percentage of its assets in any one country or region.
The fund sells securities when the investment adviser believes it is appropriate to do so, regardless of how long the securities have been held. Such sales may cause the fund to experience high portfolio turnover and correspondingly increased transaction costs. The sales may also result in capital gain or loss, including short-term capital gain or loss. High portfolio turnover may adversely impact the fund’s performance.
The fund may hold up to 100% of its assets in cash, cash equivalents and other short-term investments for temporary or defensive purposes. The fund may utilize such tactics when the investment adviser believes that market or economic interests are unfavorable for investors. Under such circumstances, the fund may not achieve its investment objective.
SWASX - Performance
Return Ranking - Trailing
| Period | SWASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.1% | -14.7% | 6.6% | 34.25% |
| 1 Yr | -1.7% | -14.8% | 14.1% | 68.51% |
| 3 Yr | -5.5%* | -16.8% | 18.7% | 63.53% |
| 5 Yr | -1.7%* | -10.4% | 15.6% | 78.11% |
| 10 Yr | 2.5%* | -2.9% | 10.4% | 55.24% |
* Annualized
Return Ranking - Calendar
| Period | SWASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.8% | -16.8% | 16.7% | 80.45% |
| 2022 | -27.1% | -43.9% | 4.5% | 29.89% |
| 2021 | 20.4% | -13.9% | 30.7% | 48.82% |
| 2020 | -14.7% | -20.7% | 13.7% | 89.41% |
| 2019 | 18.6% | 1.0% | 26.5% | 31.36% |
Total Return Ranking - Trailing
| Period | SWASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.1% | -14.7% | 6.6% | 34.25% |
| 1 Yr | -1.7% | -14.8% | 14.1% | 68.51% |
| 3 Yr | -5.5%* | -16.8% | 18.7% | 63.53% |
| 5 Yr | -1.7%* | -10.4% | 15.6% | 78.11% |
| 10 Yr | 2.5%* | -2.9% | 10.4% | 55.24% |
* Annualized
Total Return Ranking - Calendar
| Period | SWASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.4% | -14.6% | 23.4% | 77.09% |
| 2022 | -25.1% | -39.5% | 10.1% | 30.46% |
| 2021 | 25.4% | 5.7% | 101.8% | 61.18% |
| 2020 | -12.1% | -17.8% | 14.7% | 92.35% |
| 2019 | 27.8% | 6.7% | 37.2% | 24.85% |
NAV & Total Return History
SWASX - Holdings
Concentration Analysis
| SWASX | Category Low | Category High | SWASX % Rank | |
|---|---|---|---|---|
| Net Assets | 286 M | 4.31 M | 9.6 B | 56.11% |
| Number of Holdings | 115 | 5 | 682 | 18.03% |
| Net Assets in Top 10 | 95.5 M | 1.87 M | 6.34 B | 56.83% |
| Weighting of Top 10 | 33.34% | 19.9% | 64.1% | 82.97% |
Top 10 Holdings
- Prologis Inc 8.01%
- Equinix Inc 6.79%
- Public Storage 3.09%
- Equity Residential 2.50%
- Gaming and Leisure Properties Inc 2.49%
- Brixmor Property Group Inc 2.23%
- Mid-America Apartment Communities Inc 2.16%
- Vicinity Ltd 2.11%
- Ryman Hospitality Properties Inc 2.09%
- EPR Properties 1.89%
Asset Allocation
| Weighting | Return Low | Return High | SWASX % Rank | |
|---|---|---|---|---|
| Stocks | 99.23% | 2.78% | 126.54% | 30.60% |
| Cash | 0.77% | 0.00% | 10.38% | 72.68% |
| Preferred Stocks | 0.00% | 0.00% | 7.08% | 90.16% |
| Other | 0.00% | -33.49% | 102.40% | 92.90% |
| Convertible Bonds | 0.00% | 0.00% | 0.07% | 87.36% |
| Bonds | 0.00% | 0.00% | 25.03% | 90.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SWASX % Rank | |
|---|---|---|---|---|
| Real Estate | 97.36% | 72.53% | 100.00% | 46.07% |
| Technology | 0.69% | 0.00% | 4.92% | 25.28% |
| Healthcare | 0.37% | 0.00% | 1.54% | 13.48% |
| Financial Services | 0.36% | 0.00% | 9.53% | 14.61% |
| Consumer Cyclical | 0.32% | 0.00% | 13.03% | 58.99% |
| Communication Services | 0.25% | 0.00% | 10.08% | 53.37% |
| Industrials | 0.22% | 0.00% | 4.91% | 14.61% |
| Consumer Defense | 0.18% | 0.00% | 0.18% | 0.56% |
| Energy | 0.11% | 0.00% | 0.11% | 0.56% |
| Utilities | 0.07% | 0.00% | 0.96% | 3.37% |
| Basic Materials | 0.06% | 0.00% | 1.63% | 5.06% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SWASX % Rank | |
|---|---|---|---|---|
| US | 60.77% | 0.00% | 99.38% | 69.95% |
| Non US | 38.46% | 0.00% | 98.96% | 22.40% |
SWASX - Expenses
Operational Fees
| SWASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.11% | 33.54% | 90.16% |
| Management Fee | 0.50% | 0.09% | 1.50% | 8.24% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
| SWASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| SWASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 50.94% |
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.
| SWASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 75.00% | 1.00% | 165.00% | 57.06% |
SWASX - Distributions
Dividend Yield Analysis
| SWASX | Category Low | Category High | SWASX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.97% | 0.00% | 5.62% | 12.02% |
Dividend Distribution Analysis
| SWASX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| SWASX | Category Low | Category High | SWASX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.01% | -0.23% | 3.84% | 21.79% |
Capital Gain Distribution Analysis
| SWASX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.059 | OrdinaryDividend |
| Dec 13, 2023 | $0.042 | OrdinaryDividend |
| Sep 29, 2023 | $0.045 | OrdinaryDividend |
| Jun 30, 2023 | $0.065 | OrdinaryDividend |
| Mar 31, 2023 | $0.060 | OrdinaryDividend |
| Dec 14, 2022 | $0.043 | OrdinaryDividend |
| Sep 30, 2022 | $0.035 | OrdinaryDividend |
| Jun 30, 2022 | $0.053 | OrdinaryDividend |
| Mar 31, 2022 | $0.052 | OrdinaryDividend |
| Dec 16, 2021 | $0.086 | OrdinaryDividend |
| Sep 30, 2021 | $0.061 | OrdinaryDividend |
| Jun 30, 2021 | $0.086 | OrdinaryDividend |
| Mar 31, 2021 | $0.077 | OrdinaryDividend |
| Sep 30, 2020 | $0.057 | OrdinaryDividend |
| Jun 30, 2020 | $0.020 | OrdinaryDividend |
| Dec 18, 2019 | $0.048 | OrdinaryDividend |
| Sep 30, 2019 | $0.076 | OrdinaryDividend |
| Jun 28, 2019 | $0.077 | OrdinaryDividend |
| Mar 29, 2019 | $0.074 | OrdinaryDividend |
| Dec 18, 2018 | $0.074 | OrdinaryDividend |
| Sep 28, 2018 | $0.055 | OrdinaryDividend |
| Jun 29, 2018 | $0.095 | OrdinaryDividend |
| Mar 29, 2018 | $0.066 | OrdinaryDividend |
| Dec 12, 2017 | $0.163 | OrdinaryDividend |
| Sep 29, 2017 | $0.040 | OrdinaryDividend |
| Jun 30, 2017 | $0.065 | OrdinaryDividend |
| Mar 31, 2017 | $0.054 | OrdinaryDividend |
| Dec 15, 2016 | $0.163 | OrdinaryDividend |
| Sep 30, 2016 | $0.031 | OrdinaryDividend |
| Jun 30, 2016 | $0.048 | OrdinaryDividend |
| Mar 31, 2016 | $0.086 | OrdinaryDividend |
| Dec 15, 2015 | $0.068 | OrdinaryDividend |
| Sep 30, 2015 | $0.007 | OrdinaryDividend |
| Jun 30, 2015 | $0.026 | OrdinaryDividend |
| Mar 31, 2015 | $0.112 | OrdinaryDividend |
| Dec 16, 2014 | $0.103 | OrdinaryDividend |
| Sep 30, 2014 | $0.066 | OrdinaryDividend |
| Jun 30, 2014 | $0.093 | OrdinaryDividend |
| Mar 31, 2014 | $0.078 | OrdinaryDividend |
| Dec 31, 2013 | $0.019 | ExtraDividend |
| Dec 05, 2013 | $0.071 | OrdinaryDividend |
| Sep 30, 2013 | $0.028 | OrdinaryDividend |
| Jun 28, 2013 | $0.094 | OrdinaryDividend |
| Mar 28, 2013 | $0.050 | OrdinaryDividend |
| Dec 27, 2012 | $0.252 | OrdinaryDividend |
| Sep 28, 2012 | $0.042 | OrdinaryDividend |
| Jun 29, 2012 | $0.079 | OrdinaryDividend |
| Mar 30, 2012 | $0.031 | OrdinaryDividend |
| Dec 29, 2011 | $0.035 | OrdinaryDividend |
| Sep 30, 2011 | $0.019 | OrdinaryDividend |
| Jun 30, 2011 | $0.030 | OrdinaryDividend |
| Mar 31, 2011 | $0.137 | OrdinaryDividend |
| Dec 30, 2010 | $0.263 | OrdinaryDividend |
| Sep 30, 2010 | $0.026 | OrdinaryDividend |
| Jun 30, 2010 | $0.058 | OrdinaryDividend |
| Mar 31, 2010 | $0.139 | OrdinaryDividend |
| Dec 30, 2009 | $0.253 | OrdinaryDividend |
| Sep 30, 2009 | $0.028 | OrdinaryDividend |
| Jun 30, 2009 | $0.059 | OrdinaryDividend |
| Mar 31, 2009 | $0.018 | OrdinaryDividend |
| Dec 31, 2008 | $0.022 | OrdinaryDividend |
| Sep 30, 2008 | $0.029 | OrdinaryDividend |
| Jun 30, 2008 | $0.060 | OrdinaryDividend |
| Mar 31, 2008 | $0.016 | OrdinaryDividend |
| Dec 31, 2007 | $0.151 | OrdinaryDividend |
| Sep 28, 2007 | $0.072 | OrdinaryDividend |
SWASX - Fund Manager Analysis
Managers
Wei Li
Start Date
Tenure
Tenure Rank
Mar 31, 2013
9.17
9.2%
Wei Li, Ph.D., CFA, Senior Portfolio Manager at Charles Schwab Investment Management Inc. Prior to joining CSIM in 2012, Ms. Li spent more than ten years at Barclays Global Investors (now known as BlackRock, Inc.), where she held a number of positions. From 2001 to 2009, she worked in various roles in the Global Advanced Active group, including portfolio management and quantitative research for both U.S. and international equity markets. After 2009, she worked in the defined contribution research and product development area for almost two years.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 20.42 | 7.11 | 10.42 |