Schwab Target 2045 Index Fund Institutional Shares

Frequently Asked Questions About SWYHX

What does SWYHX invest in?

This investment vehicle aims to achieve its financial objectives predominantly by allocating its capital to various exchange-traded funds (ETFs) within the Schwab family. Customarily, a minimum of 80% of its total assets—which encompasses any funds borrowed for investment purposes—is dedicated to these underlying funds. These constituent funds are strategically managed to mirror the returns of specific market benchmarks. The fund's allocation strategy is intricately linked to the particular retirement year (target date) specified in its name, based on an assumed retirement age of 65.

What is the expense ratio of SWYHX?

Schwab Target 2045 Index Fund Institutional Shares (SWYHX) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SWYHX?

Schwab Target 2045 Index Fund Institutional Shares (SWYHX) manages $1.24B 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 SWYHX actively managed or an index fund?

SWYHX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SWYHX launched?

Schwab Target 2045 Index Fund Institutional Shares (SWYHX) launched in August 2016 and is managed by Schwab.

How has SWYHX performed?

SWYHX'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.