Schwab Target 2030 Fund
SWDRX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Jul 1, 2005
- CIK
- 0000904333
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Target 2030 Fund (SWDRX) is an open-end mutual fund managed by Charles Schwab Investment Management that seeks capital appreciation and income consistent with its current asset allocation by investing primarily in a diversified mix of affiliated Schwab funds, Schwab exchange-traded funds (ETFs), and select unaffiliated third-party mutual funds and ETFs. The fund follows a target-date glide path designed for investors planning retirement around 2030, starting with a high equity allocation of approximately 97% in equities and 3% in fixed income and cash equivalents, which gradually shifts to 44% equities and 56% fixed income and cash at the target date, and further to 28% equities and 72% fixed income and cash equivalents by 2050 before stabilizing. Its portfolio includes core holdings such as Schwab S&P 500 Index Fund (SWPPX; 17.39%), Schwab U.S. Aggregate Bond Index Fund (SWAGX; 15.49%), Schwab International Index Fund (SWISX), Schwab Select Large Cap Growth Fund (LGILX; 5.80%), Schwab Short-Term Bond Index Fund (SWSBX; 4.63%), Dodge & Cox Stock Fund (DODGX; 4.12%), PIMCO International Bond Fund U.S. Dollar-Hedged (PFORX; 3.91%), and Schwab Global Real Estate Fund (SWASX; 3.62%), providing exposure to U.S. stocks (approximately 40%), U.S. bonds (32-33%), non-U.S. stocks (18%), non-U.S. bonds (7-8%), and minimal cash (0.5%). The fund operates within the target-date 2030 category, targeting retirement savers aged approximately 55-59, with assets under management of about $1.02 billion, a net expense ratio of 0.40%, no load fees, and low minimum initial investments of $1 (or $0 for certain accounts). It maintains a blend investment style across large-cap equities, mid-quality bonds, and moderate interest-rate sensitivity, with sector allocations led by information technology (23%), financials (14%), industrials (12%), and health care (11%). Launched on July 1, 2005, and headquartered in San Francisco, California, as part of Schwab Asset Management under The Charles Schwab Corporation, the fund is available primarily to U.S. investors through brokerage platforms, retirement plans, and individual accounts with no transaction fees via Schwab Mutual Fund OneSource. In recent years, the fund has adhered to its annual reallocation policy to adjust toward more conservative allocations per its glide path, with portfolio turnover at 12% as of the latest reports. Charles Schwab updated its broader Target Date Solutions suite in 2023, boosting U.S. large-cap equity exposure, refining bond and international allocations to enhance diversification and risk management. The parent company continues strategic expansions, including the December 2025 announcement of acquiring Forge Global Holdings for $660 million (expected close in H1 2026) to bolster private market access and a $2 billion senior notes issuance.