# Schwab Target 2020 Fund (SWCRX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/swcrx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Schwab · Asset class: — - Strategy: Thematic · Inception: 2005-07-01 This fund strives to achieve its financial objectives mainly by allocating capital to a blend of affiliated Schwab and Laudus investment products. It also has the discretion to invest in mutual funds managed by independent third-party entities. Collectively, these Schwab, Laudus, and external funds are referred to as the "underlying funds." The fund's investments in these underlying components are guided by its established target portfolio allocation. ## Key Facts | Metric | Value | |---|---| | Price | $13.42 | | Expense Ratio | 0.28% | | Assets Under Management | $260.8M | | NAV | $13.42 | | Holdings Count | 22 | | Distribution Yield (TTM) | 9.97% | | Annual Distribution (TTM) | $1.34 /share | | Distribution Frequency | Annual | | 52-Week Range | $12.62 – $14.32 | | Beta | 0.78 | ## Latest Distribution - Amount: $1.3382 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-30 ## Frequently Asked Questions ### What does SWCRX invest in? This fund strives to achieve its financial objectives mainly by allocating capital to a blend of affiliated Schwab and Laudus investment products. It also has the discretion to invest in mutual funds managed by independent third-party entities. Collectively, these Schwab, Laudus, and external funds are referred to as the "underlying funds." The fund's investments in these underlying components are guided by its established target portfolio allocation. ### What is the expense ratio of SWCRX? Schwab Target 2020 Fund (SWCRX) charges an expense ratio of 0.28%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SWCRX? Schwab Target 2020 Fund (SWCRX) manages $260.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SWCRX actively managed or an index fund? SWCRX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SWCRX launched? Schwab Target 2020 Fund (SWCRX) launched in July 2005 and is managed by Schwab. ### How has SWCRX performed? SWCRX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SWCRX pay a dividend? Schwab Target 2020 Fund (SWCRX) currently distributes little or no income. Trailing-twelve-month yield is 9.97%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SWCRX pay dividends? Schwab Target 2020 Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SWCRX's dividend yield? SWCRX's trailing-twelve-month yield is 9.97%, calculated from the sum of dividends over the past year divided by the current price. ### When is SWCRX's next ex-dividend date? The most recently announced ex-dividend date for SWCRX was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will SWCRX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.28% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SWCRX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SWCRX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SWCRX cost more than a fund like VOO? SWCRX's strategy (current expense ratio 0.28%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SWCRX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SWCRX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SWCRX (0.28%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/swcrx - Distribution history: https://www.dividenddata.com/funds/swcrx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/swcrx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/swcrx/expenses - Peer comparison: https://www.dividenddata.com/funds/swcrx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.