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Name

As of 05/03/2024

Price

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

Schwab Monthly Income Fund - Flexible Payout

SWKRX | Fund

$9.92

$62.4 M

4.82%

$0.48

0.43%

Vitals

YTD Return

-0.4%

1 yr return

5.5%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

2.3%

Net Assets

$62.4 M

Holdings in Top 10

99.1%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.43%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 05/03/2024

Price

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

Schwab Monthly Income Fund - Flexible Payout

SWKRX | Fund

$9.92

$62.4 M

4.82%

$0.48

0.43%

SWKRX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.99%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Schwab Monthly Income Fund - Flexible Payout
  • Fund Family Name
    SCHFLFSETF
  • Inception Date
    Mar 28, 2008
  • Shares Outstanding
    7494728
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Zifan Tang

Fund Description

The fund seeks to achieve its investment objective by investing primarily in a combination of Schwab Funds® and Schwab® ETFs (the underlying funds) in accordance with its target asset allocation. The investment adviser will allocate assets among the underlying funds, which will include equity funds, fixed income funds, and money market funds and exchange-traded funds (ETFs).
The fund intends to invest in a combination of underlying funds; however, the fund may invest directly in equity and fixed income securities as well as other unaffiliated mutual funds or ETFs, and cash and cash equivalents (including money market funds).
The fund intends to allocate investments among various asset classes such as equity, fixed income and cash and cash equivalents (including money market funds). The fund has its own distinct asset allocation strategy that is designed to accommodate the fund’s targeted annual payout percentage while taking into account the fund’s specific risk tolerances and desired level of capital appreciation. The fund’s target asset allocation is not fixed, and the fund has the flexibility to move within the following asset allocation ranges (under normal market conditions) at the discretion of the investment adviser: 30%-70% equity; 30%-70% fixed income; and 0%-12% cash and cash equivalents (including money market funds). Market appreciation or depreciation may cause the fund to be temporarily outside these ranges.
The fund is designed to offer shareholders an annual payout of 4-6% during most market environments. In addition, the fund seeks to maximize the annual payout while also maintaining or growing the level of investment over the long term. However, the fund’s actual annual payout could be higher or lower based on the underlying fund yields and market environment during that year and other forward-looking factors. The fund intends to make twelve monthly distributions to shareholders at the end of each month. The amounts distributed to shareholders may not be the same each month. The amount of the fund’s distributions in respect of any period may exceed the amount of the fund’s income and gains for that period. In that case, some or all of the fund’s distributions may constitute a return of capital to shareholders.
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.
Read More

SWKRX - Performance

Return Ranking - Trailing

Period SWKRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -1.9% 10.3% 95.07%
1 Yr 5.5% -0.9% 30.4% 84.00%
3 Yr -1.0%* -16.2% 4.8% 85.27%
5 Yr 2.3%* -4.6% 7.1% 88.19%
10 Yr 2.9%* -0.1% 8.6% 84.48%

* Annualized

Return Ranking - Calendar

Period SWKRX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -1.3% 27.4% 87.09%
2022 -18.6% -35.0% -7.4% 72.68%
2021 1.7% -11.5% 14.6% 54.99%
2020 2.9% -10.3% 40.7% 65.81%
2019 8.6% -9.5% 22.1% 74.60%

Total Return Ranking - Trailing

Period SWKRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -1.9% 10.3% 95.07%
1 Yr 5.5% -0.9% 30.4% 84.00%
3 Yr -1.0%* -16.2% 4.8% 85.27%
5 Yr 2.3%* -4.6% 7.1% 88.19%
10 Yr 2.9%* -0.1% 8.6% 84.48%

* Annualized

Total Return Ranking - Calendar

Period SWKRX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% -1.3% 28.2% 81.46%
2022 -12.5% -35.0% -3.1% 38.72%
2021 5.7% -11.5% 32.0% 83.21%
2020 6.1% -5.4% 40.7% 72.75%
2019 13.8% 4.5% 27.7% 70.37%

NAV & Total Return History

SWKRX - Holdings

Concentration Analysis

SWKRX Category Low Category High SWKRX % Rank
Net Assets 62.4 M 244 K 50.8 B 89.70%
Number of Holdings 11 3 5294 83.10%
Net Assets in Top 10 64.7 M 243 K 10.1 B 79.81%
Weighting of Top 10 99.10% 6.4% 127.7% 12.80%

Top 10 Holdings

  1. Schwab US Dividend Equity ETF 20.46%
  2. Schwab International Dividend Equity ETF 19.72%
  3. Schwab U.S. Aggregate Bond Index Fund 16.75%
  4. BlackRock High Yield Bond Portfolio 10.85%
  5. Schwab Global Real Estate Fund 10.12%
  6. Schwab Long-Term U.S. Treasury ETF 7.17%
  7. Cohen Steers Preferred Securities and Income Fund Inc 6.93%
  8. Schwab 5-10 Year Corporate Bond ETF 2.95%
  9. T Rowe Price Institutional Floating Rate Fund 2.87%
  10. Schwab Variable Share Price Money Fund 1.28%

Asset Allocation

Weighting Return Low Return High SWKRX % Rank
Stocks 		99.10% 0.00% 102.36% 37.94%
Cash 		0.90% -35.68% 37.58% 51.17%
Convertible Bonds 		0.75% 0.00% 71.77% 57.11%
Preferred Stocks 		0.00% 0.00% 21.95% 53.05%
Other 		0.00% -0.44% 63.55% 60.56%
Bonds 		0.00% 0.00% 80.16% 63.70%

Stock Sector Breakdown

Weighting Return Low Return High SWKRX % Rank
Real Estate 		17.08% 0.00% 43.16% 8.35%
Financial Services 		13.45% 0.00% 83.50% 75.42%
Healthcare 		12.76% 0.00% 24.25% 61.10%
Technology 		12.28% 0.22% 27.92% 74.94%
Industrials 		11.47% 0.14% 17.90% 24.82%
Consumer Defense 		9.64% 0.00% 18.62% 28.40%
Consumer Cyclical 		7.77% 0.00% 14.20% 66.83%
Communication Services 		5.93% 0.00% 11.11% 64.68%
Energy 		4.89% 0.00% 62.93% 53.94%
Utilities 		2.64% 0.00% 48.33% 75.89%
Basic Materials 		2.09% 0.00% 32.82% 96.18%

Stock Geographic Breakdown

Weighting Return Low Return High SWKRX % Rank
US 		99.10% 0.00% 102.36% 38.03%
Non US 		0.00% 0.00% 23.57% 56.34%

SWKRX - Expenses

Operational Fees

SWKRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.06% 7.81% 92.04%
Management Fee 0.00% 0.00% 1.25% 9.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

SWKRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SWKRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

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.

SWKRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 2.00% 380.00% 28.06%

SWKRX - Distributions

Dividend Yield Analysis

SWKRX Category Low Category High SWKRX % Rank
Dividend Yield 4.82% 0.00% 8.01% 11.48%

Dividend Distribution Analysis

SWKRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

SWKRX Category Low Category High SWKRX % Rank
Net Income Ratio 1.99% -1.22% 6.83% 38.24%

Capital Gain Distribution Analysis

SWKRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

View More +

SWKRX - Fund Manager Analysis

Managers

Zifan Tang

Start Date

Tenure

Tenure Rank

Feb 29, 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

Apr 26, 2019

3.1

3.1%

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.

Drew Hayes

Start Date

Tenure

Tenure Rank

Apr 28, 2022

0.09

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.41 2.41

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