Schwab Target 2045 Index Fund Institutional Shares
SWYHX
NASDAQ- -
USD
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Capital Structure
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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 2045 Index Fund Institutional Shares (SWYHX) is a target-date mutual fund managed by Schwab Asset Management that seeks capital appreciation and income consistent with its asset allocation approximating a 2045 retirement date. The fund invests primarily in affiliated Schwab exchange-traded funds (ETFs), including Schwab U.S. Large-Cap ETF (SCHX), Schwab International Equity ETF (SCHF), Schwab U.S. Aggregate Bond ETF (SCHZ), Schwab U.S. REIT ETF (SCHH), Schwab U.S. Small-Cap ETF (SCHA), and Schwab Emerging Markets Equity ETF (SCHE); it maintains a policy to invest at least 80% of its net assets in underlying funds tracking market indices, with an initial allocation of approximately 97% equity and 3% fixed income and cash equivalents that glides toward 44% equity and 56% fixed income and cash equivalents by the target date, continuing to 28% equity and 72% fixed income and cash equivalents by 2065 before stabilizing. Launched on August 25, 2016, and headquartered in San Francisco, California as part of Charles Schwab & Co., Inc., the fund targets retirement savers, particularly institutional investors, with a low net expense ratio of 0.080%, no minimum initial investment, and global exposure through its underlying ETFs spanning U.S. large-cap, small-cap, international developed, emerging markets equities, REITs, aggregate bonds, short-term U.S. Treasuries, and cash equivalents. The fund operates passively against the Target 2045 Passive Composite Index within the Target-Date 2045 Morningstar category, with total net assets of approximately $927 million as of September 2025 and a portfolio turnover rate of 14.79%. In recent developments, Schwab Asset Management continues annual glide path reallocations to maintain its conservative trajectory, with the most recent year-end distribution of $0.3880 per share on December 30, 2024; no major acquisitions, partnerships, or strategic shifts specific to SWYHX have been announced in the last 1-2 years, though the broader Schwab Target Index Funds series maintains its competitively priced structure composed primarily of low-cost proprietary ETFs amid ongoing enhancements like the launch of the Schwab Core Bond ETF (SCCR).