Schwab Target 2010 Index Fund Institutional Shares
SWYAX
NASDAQ- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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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
- 211 Main Street San Francisco CA United States of America 94105
- IPO Date
- Aug 30, 2016
- CIK
- 0000904333
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Target 2010 Index Fund Institutional Shares (SWYAX) is an open-end mutual fund managed by Schwab Asset Management that provides a diversified portfolio for investors targeting retirement around 2010, assuming a retirement age of 65. The fund seeks total return by investing at least 80% of its net assets in affiliated Schwab exchange-traded funds (ETFs) tracking market indices, including Schwab US Aggregate Bond ETF (SCHZ, approximately 48.67% of assets); Schwab US Large-Cap ETF (SCHX, 23.50%); Schwab International Equity ETF (SCHF, 7.31%); Schwab Short-Term US Treasury ETF (SCHO, 7.05%); Schwab US TIPS ETF (SCHP, 6.56%); Schwab US REIT ETF (SCHH, 2.42%); Schwab Government Money Ultra (SGUXX, 2.30%); and Schwab US Small-Cap ETF (SCHA, 1.35%), with the remainder in cash equivalents such as US dollars. Its conservative allocation emphasizes fixed income (around 58%) over equities (approximately 27% US stocks and 7% non-US stocks), transitioning toward lower equity exposure post-target date. Launched on August 25, 2016, and domiciled in the United States, the fund operates within the Target-Date 2000-2010 category with total net assets of approximately $54.66 million to $56.90 million, a low net expense ratio of 0.08%, and no minimum initial investment. It targets retirement savers and institutional investors seeking passive, low-cost exposure across domestic and international equities, US bonds, inflation-protected securities, real estate, and short-term treasuries, primarily available for sale in the United States. Portfolio managers include Zifan Tang (since inception), Patrick Kwok (since 2018), and Drew Hayes (since 2022), who oversee the glide path reducing equity from higher initial levels to 25% over 20 years post-2010. Recent developments include a dividend distribution of $0.4674 per share on December 30, 2024, reflecting a trailing twelve-month yield of 3.48% and dividend growth of 37.35%. In June 2025, Schwab Asset Management announced fee reductions on several equity index ETFs, aligning with broader efforts to lower costs across its ETF lineup to under 10 basis points, potentially benefiting SWYAX's underlying holdings. The fund maintained stable operations amid market volatility, with assets under management holding steady and performance showing a one-year return of 8.37% as of late 2025.