Schwab S&P 500 Index Fund- Select Shares
SWPPX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco, CA 94105 San Francisco CA United States of America 94105
- IPO Date
- May 20, 1997
- CIK
- 0000904333
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab S&P 500 Index Fund-Select Shares (SWPPX) is an open-end mutual fund managed by Charles Schwab Investment Management, Inc. that seeks to track the total return of the S&P 500 Index before fees and expenses. The fund invests at least 80% of its net assets in stocks included in the S&P 500 Index, which comprises approximately 500 leading U.S. publicly traded companies across diverse industries including information technology, financials, consumer discretionary, communication services, health care, and industrials; it typically replicates the index by weighting holdings proportionally, holds around 503 securities with top positions in NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com Inc., and Broadcom Inc., and maintains a low portfolio turnover rate of approximately 2%. With a total net asset value exceeding $128 billion as of December 2025, no minimum initial investment requirement, and an ultra-low expense ratio of 0.02%, SWPPX targets long-term investors seeking broad U.S. large-cap equity exposure as a core portfolio holding. In a significant operational change effective August 15, 2025, the fund implemented a 6-for-1 forward share split for shareholders of record as of August 14, 2025, increasing the number of shares outstanding and proportionately reducing the net asset value per share without altering the total investment value of holdings. This adjustment was part of a broader initiative by Charles Schwab announcing forward splits for six index mutual funds in June 2025 to enhance share accessibility. Launched on May 19, 1997, and domiciled in the United States with management oversight from San Francisco-based Charles Schwab Investment Management, the fund operates passively in the large blend category and distributes income quarterly, with the most recent payout of $0.1946 per share on December 12, 2025.