Schwab Target 2050 Index Fund Institutional Shares
SWYMX
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.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
- Aug 30, 2016
- CIK
- 0000904333
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Target 2050 Index Fund Institutional Shares (SWYMX) is an open-end target date mutual fund managed by Schwab Asset Management, a division of The Charles Schwab Corporation, that seeks capital appreciation and income consistent with its current asset allocation. The fund invests primarily in affiliated Schwab exchange-traded funds (ETFs), including Schwab U.S. Large-Cap ETF (SCHX, approximately 50%), Schwab International Equity ETF (SCHF, approximately 23%), Schwab U.S. Aggregate Bond ETF (SCHZ, approximately 9%), Schwab Emerging Markets Equity ETF (SCHE, approximately 6%), and Schwab U.S. Small-Cap ETF (SCHA, approximately 6%); it also holds positions in Schwab U.S. REIT ETF (SCHH) and cash equivalents. Launched on August 25, 2016, the fund follows a preset glide path that starts with roughly 97% equity and 3% fixed income and cash equivalents, rebalancing annually to become more conservative, reaching 44% equity and 56% fixed income and cash at the 2050 target date, and further gliding to 28% equity and 72% fixed income over the next 20 years. Headquartered in Westlake, Texas, The Charles Schwab Corporation, founded in 1971, provides the fund with distribution through Charles Schwab & Co., Inc., targeting U.S. retirement investors planning for around 2050 across brokerage and advisory platforms. The fund maintains a low net expense ratio of 0.08% and total net assets exceeding $1.3 billion, with portfolio managers including Zifan Tang (since 2016), Patrick Kwok (since 2018), and Drew Hayes (since 2022). In recent developments, Schwab Asset Management's parent company acquired Forge Global for $660 million in November 2025 to expand private markets capabilities, complementing its target date offerings, while the firm continues annual glide path reallocations and reported strong 2025 asset growth amid broader strategic expansions in wealth solutions.