Founded in 1989, Charles Schwab (NYSE:SCHW) Investment Management, Inc. provides diverse investment products to its clients, including institutional and private investors. Charles Schwab Investment’s assets under management were more than $290 billion as of September 30, 2016. The company has been in the business for more than 25 years and at present is the 3rd largest provider of individual mutual funds.
Schwab Investment offers a variety of products including money market funds, ETFs, index funds, asset allocation funds, etc. The main objective of the company is to provide effective investment solutions that fulfill the needs of its investors. With its experienced workforce, the company has been able to offer the best opportunities worldwide.
Below we share with you three top-rated 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 Core Equity SWANX seeks appreciation of capital for the long run. SWANX invests a bulk of its assets in equity securities of domestic companies. The fund generally targets companies with market cap of more than $500 million. It seeks to maintain a portfolio of companies whose performance is expected to beat that of the broader S&P 500 index for the long run. Schwab Core Equity fund has a return of 7.6% year to date.
As of September 2016, SWANX held 140 issues, with 2.85% of its assets invested in Apple Inc (NASDAQ:AAPL).
Schwab MarketTrack Growth SWHGX seeks growth of capital. SWHGX aims to maintain specific asset allocation for its portfolio. The portfolio generally remains near the target allocation of 15% fixed income, 80% equity and 5% cash and cash equivalents. Schwab MarketTrack Growth fund has a return of 11.7% year to date.
SWHGX has an expense ratio of 0.42% as compared to the category average of 0.93%.
Schwab MarketTrack All Equity SWEGX focuses on maintaining a definite asset allocation. SWEGX invests the majority of its assets in equity securities, with specific percentages for various sectors of the stock market. The fund seeks a high level of capital appreciation. Schwab MarketTrack All Equity fund has a return of 13.9% year to date.
Zifan Tang is the fund manager of SWEGX since 2012.
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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