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Look at These 3 Best Mutual Funds From the Schwab Portfolio

Zacks Equity Research
Updated
URI vs. SSD: Which Stock Is the Better Value Option?

Founded in 1989, Charles Schwab Investment Management, Inc. provides diverse investment products to its clients, including institutional and private investors. Charles Schwab Investment’s assets under management were more than $320 billion as of Sep 30, 2017. The company has been in business for more than 25 years and is presently the third largest provider of index mutual funds.

Schwab Investment offers a variety of products including money market funds, ETFs, index funds and asset allocation funds. The main objective of the company is to provide effective investment solutions that fulfill the needs of its investors. With its experienced workforce, the company has been able to offer the best opportunities worldwide.

Below we share with you three top-ranked Schwab mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Schwab Core Equity SWANX seeks appreciation of capital for the long run. SWANX invests a bulk of its assets in equity securities of domestic companies. The fund generally targets companies with a market cap of more than $500 million. It seeks to maintain a portfolio of companies whose performance is expected to beat that of the broader S&P 500 index in the long run. Schwab Core Equity has three-year annualized returns of 8.8%.

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As of December 2017, SWANX held 155 issues, with 3.75% of its assets invested in Apple Inc.

Schwab MarketTrack Growth SWHGX seeks growth of capital. SWHGX aims to maintain a specific asset allocation for its portfolio. The portfolio generally remains near the target allocation of 15% fixed income, 80% equity and 5% cash and cash equivalents. Schwab MarketTrack Growth fund has returned 7% in the last three years.

SWHGX has an expense ratio of 0.40% as compared with the category average of 0.79%.

Schwab Treasury Inflation Protected Securities Index SWRSX aims to track the yield as well as price performance of Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) SM. SWRSX invests heavily in securities of those companies included in the index. Schwab Treasury Inflation Protected Securities Index has three-year annualized returns of 1%.

Mark McKissick has been one of the fund managers of SWRSX since 2016.

To view the Zacks Rank and past performance of all Schwab mutual funds, investors can click here to see the complete list of Schwab funds.

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