Schwab Core Equity Fund
SWANX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 211 Main Street San Francisco CA United States of America 94105
- IPO Date
- Jun 28, 1996
- CIK
- 0000904333
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Core Equity Fund (SWANX) is an actively managed open-end mutual fund that seeks long-term capital growth by investing primarily in U.S. stocks, with a focus on domestic large-cap equities within the broad U.S. market; it employs a high-conviction, fundamentally-driven approach incorporating Schwab Equity Ratings as one of several inputs alongside traditional analysis to deliver consistent, risk-adjusted excess returns. The fund offers exposure to leading sectors including information technology (38%), health care (13%), financials (13%), and communication services (11%), with top holdings such as NVIDIA Corp (10%), Microsoft Corp (10%), Apple Inc (6%), Alphabet Inc (6%), and Meta Platforms Inc (5%); it maintains a concentrated portfolio of approximately 53 holdings, a low portfolio turnover rate of 20%, and a net expense ratio of 0.72%. Launched on July 1, 1996, and managed by Schwab Asset Management—a division of The Charles Schwab Corporation headquartered in Westlake, Texas—the fund targets individual and institutional investors seeking core equity allocation, with total net assets exceeding $1.55 billion and shares outstanding around 58 million as of December 2025. In recent distributions, the fund declared a total payout of $1.95 per share on December 17, 2024, comprising income of $0.12, short-term capital gains of $0.13, and long-term capital gains of $1.71, following a $0.58 distribution in December 2023 that included $0.37 in long-term gains. While Schwab Asset Management announced fee reductions on select equity index ETFs and forward share splits on certain mutual funds including the Schwab 1000 Index Fund (SNXFX) in June 2025, no such changes applied directly to SWANX; the fund continues under its established management team of Iain Clayton (since 2015), Bill McMahon, and Brian Hillburn (both since 2021). The fund operates exclusively in U.S. markets without noted subsidiaries, acquisitions, or strategic alliances specific to SWANX in the past two years, maintaining its position in the large blend category benchmarked against the S&P 500 Index.