Schwab Target 2020 Index Fund Institutional Shares

Frequently Asked Questions About SWYLX

What does SWYLX invest in?

This fund's primary objective is achieved by investing mainly in affiliated Schwab exchange-traded funds (ETFs). Typically, the fund commits a minimum of 80% of its total assets (which includes any borrowed money used for investments) to underlying funds that are structured to mirror the performance of specific market benchmarks. Its investment approach is specifically designed around the target retirement year found in its name, based on an assumed retirement age of 65.

What is the expense ratio of SWYLX?

Schwab Target 2020 Index Fund Institutional Shares (SWYLX) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SWYLX?

Schwab Target 2020 Index Fund Institutional Shares (SWYLX) manages $287.7M 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 SWYLX actively managed or an index fund?

SWYLX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SWYLX's is 0.08%) because there's no security selection cost.

When was SWYLX launched?

Schwab Target 2020 Index Fund Institutional Shares (SWYLX) launched in August 2016 and is managed by Schwab.

How has SWYLX performed?

SWYLX'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.