Schwab Target 2040 Index Fund Institutional Shares
SWYGX
NASDAQ- -
USD
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- -
Capital Structure
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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 2040 Index Fund Institutional Shares (SWYGX) is an open-end mutual fund that seeks capital appreciation and income consistent with its asset allocation, targeting investors planning retirement around 2040. The fund invests primarily in affiliated Schwab exchange-traded funds (ETFs), including at least 80% of assets in underlying funds tracking market indices such as the Schwab U.S. Large-Cap ETF (45.30% allocation), Schwab U.S. Aggregate Bond ETF (20.38%), Schwab International Equity ETF (19.37%), Schwab U.S. REIT ETF (4.97%), and Schwab U.S. Small-Cap ETF (4.30%); it features a glide path that starts with approximately 97% equity and 3% fixed income/cash equivalents, gradually shifting to 44% equity and 56% fixed income/cash by the target date and further to 25% equity and 68% fixed income/cash by 2060. Managed by Schwab Asset Management within the Target-Date 2040 category, the fund offers diversified exposure across U.S. stocks (54.57%), non-U.S. stocks (23.09%), U.S. bonds (19.43%), non-U.S. bonds (1.40%), and cash (1.46%), with sector weights led by information technology (23.77%), financials (16.53%), and industrials (11.45%); it maintains a low net expense ratio of 0.08%, total net assets of $1.4 billion, and serves institutional and retail investors planning gradual withdrawals starting at age 65. Launched on August 25, 2016, and domiciled in the United States with headquarters tied to Schwab Funds at 211 Main Street, San Francisco, California, the fund operates globally through its underlying ETFs, providing exposure to U.S., international equity, fixed income, real estate, and cash markets. Recent developments at parent company Charles Schwab Corporation include the November 2025 acquisition of Forge Global for approximately $660 million to expand retail access to private markets, liquidity solutions, and alternative investments, complementing the prior launch of Schwab Alternative Investments Select platform; these strategic moves enhance Schwab's ecosystem for diversified asset management, though they do not directly alter SWYGX's target-date index strategy or holdings.