Charles Schwab (NYSE:SCHW) Investment Management, Inc. offers a variety of products including money market funds, ETFs, index funds and asset allocation funds. The main objective of the company is to provide effective investment solutions that fulfil the needs of its investors. With its experienced workforce, the company has been able to offer the best opportunities worldwide.
Founded in 1989, Schwab Investment provides diverse products to its clients, including institutional and private investors. Charles Schwab Investment’s assets under management were more than $320 billion as of Jun 30, 2017. The company has been in business for more than 25 years and is presently a major provider of individual mutual funds.
Below we share with you three top-ranked Schwab mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Schwab Small-Cap Equity SWSCX seeks capital appreciation over the long term. SWSCX invests a bulk of its assets in equity securities of small-cap companies that fall within the range of the Russell 2000 Index. The fund maintains a portfolio which aims to provide better returns than the Russell 2000 Index in the long run. Schwab Small-Cap Equity returned 18.4% in a year’s time.
Jonas Svallin is one of the fund managers of SWSCX since 2012.
Schwab MarketTrack All Equity Portfolio SWEGX focuses on maintaining a definite asset allocation. SWEGX invests the majority of its assets in equity securities, with specific percentages for various segments of the stock market. The fund seeks a high level of capital appreciation by maintaining an all-stock portfolio. Schwab MarketTrack All Equity Portfolio returned 21.2% in the last 12 months.
As of September 2017, SWEGX held 10 issues, with 31.46% of its assets invested in Schwab S&P 500 Index.
Schwab CA Tax-Free Bond SWCAX seeks high level of income which is free from both federal and California personal income tax. SWCAX invests a huge portion of its assets in investment-grade muni bonds, which are rated between AAA to BBB-. The fund invests heavily in muni securities issued in California.Schwab CA Tax-Free Bond returned 2.3% in a year.
SWCAX has an expense ratio of 0.49% as compared with the category average of 0.80%.
To view the Zacks Rank and past performance of all Schwab mutual funds, investors can click here to see the complete list of Schwab funds.
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Zacks Investment Research