Schwab Target 2040 Fund
Fund
SWERX
Price as of:
$19.05
- $0.01
- 0.05%
Primary Theme
fund company
Name
As of 11/20/2024Price
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
14.0%
1 yr return
21.0%
3 Yr Avg Return
3.4%
5 Yr Avg Return
8.7%
Net Assets
$1.18 B
Holdings in Top 10
75.7%
52 WEEK LOW AND HIGH
$19.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 14.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
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
SWERX - Profile
Distributions
- YTD Total Return 14.0%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.05%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSchwab Target 2040 Fund
-
Fund Family NameSCHFLFSETF
-
Inception DateJul 01, 2005
-
Shares Outstanding63779560
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerZifan Tang
Fund Description
The fund seeks to achieve its investment objective by investing primarily in a combination of other affiliated Schwab Funds. The fund may also invest in affiliated Schwab ETFs and in unaffiliated third party mutual funds and ETFs (referred to herein as unaffiliated funds and, together with Schwab Funds and Schwab ETFs, the underlying funds). The fund invests in the underlying funds in accordance with its target portfolio allocation. These underlying funds invest their assets directly in equity, fixed income, cash and cash equivalents (including money market funds) in accordance with their own investment objectives and policies. The fund is managed based on the specific retirement date (target date) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the fund would plan to retire and likely would stop making new investments in the fund. The fund is designed for an investor who anticipates retiring at or about the year 2040 and plans to withdraw the value of the investor’s account in the fund gradually after retirement. As described below, the adviser will continue to modify the fund’s target asset allocation for 20 years beyond the target date.
The fund’s target asset allocation will be adjusted annually based on the adviser’s asset allocation strategy; however, the adviser reserves the right to modify the fund’s target asset allocations from time to time should circumstances warrant a change. In general, the fund’s allocation to equity securities will decrease and its allocation to fixed-income securities will increase as the fund approaches its target date. The fund’s asset allocation, as of February 1, 2024 (the most recent annual adjustment of the fund’s target asset allocations), was approximately 79.5% equity securities, 19.6% fixed-income securities, and 0.9% cash and cash equivalents (including money market funds). At the stated target date, the fund’s allocation will be approximately 44.0% equity securities, 54.0% fixed-income securities, and 2.0% cash and cash equivalents (including money market funds). The fund will continue to reduce its allocation to equity securities for 20 years beyond the fund’s stated target date. At such time, the fund’s asset allocation will remain fixed at approximately 28.0% equity securities, 68.0% fixed-income securities, and 4.0% cash and cash equivalents (including money market funds).
In addition to the strategic annual adjustment of the fund’s target asset allocation, the adviser may adjust the fund’s underlying fund allocations within a particular asset class based on the following considerations, including, but not limited to, market trends, its
outlook for a given market capitalization, and the underlying funds’ performance in various market conditions. Accordingly, the fund’s allocation to a particular underlying fund may increase or decrease throughout the year. Within the equity asset class, the fund will have exposure to one or more “style classes.” For example, the style classes include domestic large-cap equity, domestic small-cap equity, and international equity. The adviser may adjust the fund’s allocation to a particular style class based on the following considerations: market trends, its outlook for a given style class, and the style classes’ performance in various market conditions. Accordingly, the fund’s allocation to a particular style class within the equity asset class may increase or decrease throughout the year.
The fund intends to invest in a combination of underlying funds; however, the fund may invest directly in equity and fixed-income securities and money market securities. For temporary defensive purposes during unusual economic or market conditions or for liquidity purposes, the fund may invest up to 100% of its assets directly in cash, money market instruments, repurchase agreements and other short-term obligations. When the fund engages in such activities, it may not achieve its investment objective.
SWERX - Performance
Return Ranking - Trailing
| Period | SWERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.0% | 9.6% | 22.4% | 66.14% |
| 1 Yr | 21.0% | 15.5% | 26.1% | 30.16% |
| 3 Yr | 3.4%* | -1.7% | 6.1% | 55.85% |
| 5 Yr | 8.7%* | 5.7% | 10.7% | 64.07% |
| 10 Yr | 7.7%* | 5.4% | 9.3% | 57.28% |
* Annualized
Return Ranking - Calendar
| Period | SWERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.7% | 9.0% | 18.3% | 52.66% |
| 2022 | -24.9% | -60.3% | -15.8% | 68.62% |
| 2021 | 8.1% | -6.3% | 17.5% | 40.22% |
| 2020 | 10.7% | 3.3% | 14.9% | 50.30% |
| 2019 | 14.2% | 6.0% | 22.6% | 73.13% |
Total Return Ranking - Trailing
| Period | SWERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.0% | 9.6% | 22.4% | 66.14% |
| 1 Yr | 21.0% | 15.5% | 26.1% | 30.16% |
| 3 Yr | 3.4%* | -1.7% | 6.1% | 55.85% |
| 5 Yr | 8.7%* | 5.7% | 10.7% | 64.07% |
| 10 Yr | 7.7%* | 5.4% | 9.3% | 57.28% |
* Annualized
Total Return Ranking - Calendar
| Period | SWERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.1% | 11.9% | 37.9% | 40.43% |
| 2022 | -18.7% | -29.4% | -2.8% | 81.38% |
| 2021 | 15.7% | 8.3% | 22.1% | 67.04% |
| 2020 | 14.4% | 8.2% | 22.1% | 71.86% |
| 2019 | 23.1% | 19.6% | 40.1% | 81.88% |
NAV & Total Return History
SWERX - Holdings
Concentration Analysis
| SWERX | Category Low | Category High | SWERX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.18 B | 7.86 M | 82.6 B | 44.97% |
| Number of Holdings | 21 | 3 | 590 | 53.44% |
| Net Assets in Top 10 | 893 M | 7.3 M | 87 B | 48.15% |
| Weighting of Top 10 | 75.67% | 41.1% | 139.0% | 71.12% |
Top 10 Holdings
- Schwab SP 500 Index Fund 19.38%
- Schwab International Opportunities Fund 11.35%
- Schwab International Core Equity Fund 8.51%
- Schwab U.S. Aggregate Bond Index Fund 6.34%
- Dodge Cox Stock Fund 5.64%
- Schwab Select Large Cap Growth Fund 5.50%
- Schwab Global Real Estate Fund 5.20%
- ClearBridge Large Cap Growth Fund 4.68%
- Schwab Fundamental U.S. Large Company Index Fund 4.65%
- Schwab Small-Cap Equity Fund 4.42%
Asset Allocation
| Weighting | Return Low | Return High | SWERX % Rank | |
|---|---|---|---|---|
| Stocks | 99.61% | 0.00% | 100.25% | 58.20% |
| Cash | 0.39% | 0.00% | 40.33% | 33.33% |
| Convertible Bonds | 0.38% | 0.00% | 0.98% | 7.94% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 93.65% |
| Other | 0.00% | -0.02% | 3.30% | 89.42% |
| Bonds | 0.00% | 0.00% | 16.22% | 94.18% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SWERX % Rank | |
|---|---|---|---|---|
| Technology | 19.95% | 13.94% | 24.03% | 28.04% |
| Healthcare | 13.14% | 10.75% | 14.53% | 39.68% |
| Financial Services | 13.11% | 13.11% | 18.83% | 100.00% |
| Consumer Cyclical | 11.64% | 8.05% | 13.32% | 31.22% |
| Industrials | 10.34% | 9.02% | 12.29% | 55.03% |
| Real Estate | 8.81% | 1.87% | 10.11% | 11.64% |
| Communication Services | 7.55% | 5.69% | 10.24% | 31.22% |
| Consumer Defense | 5.80% | 4.68% | 11.06% | 79.37% |
| Energy | 4.35% | 2.33% | 6.31% | 55.03% |
| Basic Materials | 3.40% | 3.14% | 6.86% | 96.30% |
| Utilities | 1.90% | 1.90% | 8.13% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SWERX % Rank | |
|---|---|---|---|---|
| US | 99.61% | 0.00% | 100.25% | 58.20% |
| Non US | 0.00% | 0.00% | 31.64% | 94.71% |
SWERX - Expenses
Operational Fees
| SWERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.51% | 0.01% | 6.94% | 74.07% |
| Management Fee | 0.00% | 0.00% | 0.87% | 29.57% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
| SWERX 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
| SWERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 60.00% |
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.
| SWERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 14.00% | 2.00% | 112.00% | 21.64% |
SWERX - Distributions
Dividend Yield Analysis
| SWERX | Category Low | Category High | SWERX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.82% | 0.00% | 8.83% | 12.70% |
Dividend Distribution Analysis
| SWERX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| SWERX | Category Low | Category High | SWERX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.05% | -0.21% | 4.18% | 62.50% |
Capital Gain Distribution Analysis
| SWERX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.344 | OrdinaryDividend |
| Dec 28, 2023 | $0.295 | CapitalGainLongTerm |
| Dec 29, 2022 | $1.211 | OrdinaryDividend |
| Dec 30, 2021 | $1.350 | OrdinaryDividend |
| Dec 30, 2020 | $0.597 | OrdinaryDividend |
| Dec 30, 2019 | $0.351 | OrdinaryDividend |
| Dec 30, 2019 | $0.895 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.014 | CapitalGainShortTerm |
| Dec 28, 2018 | $0.813 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.388 | OrdinaryDividend |
| Dec 28, 2017 | $0.008 | CapitalGainShortTerm |
| Dec 28, 2017 | $0.251 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.442 | OrdinaryDividend |
| Dec 29, 2016 | $0.017 | CapitalGainShortTerm |
| Dec 29, 2016 | $0.734 | CapitalGainLongTerm |
| Dec 29, 2016 | $0.240 | OrdinaryDividend |
| Dec 30, 2015 | $0.052 | CapitalGainShortTerm |
| Dec 30, 2015 | $1.220 | CapitalGainLongTerm |
| Dec 30, 2015 | $0.319 | OrdinaryDividend |
| Dec 30, 2014 | $0.367 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.393 | OrdinaryDividend |
| Dec 27, 2013 | $0.265 | OrdinaryDividend |
| Dec 27, 2012 | $0.239 | OrdinaryDividend |
| Dec 29, 2011 | $0.168 | OrdinaryDividend |
| Dec 30, 2010 | $0.178 | OrdinaryDividend |
| Dec 30, 2009 | $0.160 | OrdinaryDividend |
| Dec 31, 2008 | $0.222 | OrdinaryDividend |
| Dec 31, 2007 | $0.093 | CapitalGainLongTerm |
| Dec 31, 2007 | $0.358 | OrdinaryDividend |
| Dec 29, 2006 | $0.023 | CapitalGainLongTerm |
| Dec 29, 2006 | $0.150 | OrdinaryDividend |
| Dec 30, 2005 | $0.175 | OrdinaryDividend |
SWERX - Fund Manager Analysis
Managers
Zifan Tang
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
Zifan Tang, Ph.D., CFA, Managing Director and Senior Portfolio Manager, leads the portfolio management team and has overall responsibility for all aspects of portfolio management. Prior to joining CSIM in 2012, Ms. Tang was a product manager at Thomson Reuters and, from 1997 to 2009, worked as a portfolio manager at Barclays Global Investors, which was subsequently acquired by BlackRock.
Patrick Kwok
Start Date
Tenure
Tenure Rank
Jul 27, 2018
3.85
3.9%
Patrick Kwok is a Portfolio Manager within the Multi-Asset Strategies Team for Charles Schwab Investment Management, Inc. (CSIM). He supports CSIM’s multi-asset portfolio management process. Previously, Mr. Kwok served as an Associate Portfolio Manager with CSIM from 2012 to 2016. Prior to that, he worked as a fund administration manager for CSIM, where he was responsible for oversight of sub-advisors, trading, cash management and fund administration for the Schwab collective trust funds and Schwab asset allocation mutual funds. Prior to joining CSIM in 2008, Mr. Kwok spent two years as an asset operations specialist at Charles Schwab Trust Company. He also worked for one year at State Street Bank & Trust as a portfolio accountant and pricing specialist. Mr. Kwok earned a Master of Science in Financial Analysis from the University of San Francisco and a Bachelor of Arts in Economics with a minor in Business Administration from the University of California, Berkeley. He is a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 5.83 | 2.41 |