Any investors who are searching for Mutual Fund Equity Report funds should take a look at Schwab 1000 (
SNXFX Quick Quote SNXFX - Free Report) . While this fund is not tracked by the Zacks Mutual Fund Rank, we were able to examine other factors like performance, volatility, and cost. History of Fund/Manager
Schwab Funds is responsible for SNXFX, and the company is based out of San Francisco, CA. Schwab 1000 made its debut in April of 1991, and since then, SNXFX has accumulated about $12.90 billion in assets, per the most up-to-date date available. A team of investment professionals is the fund's current manager.
Of course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 19%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 21.82%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 19.35%, the standard deviation of SNXFX over the past three years is 18.98%. Over the past 5 years, the standard deviation of the fund is 15.75% compared to the category average of 15.72%. This makes the fund more volatile than its peers over the past half-decade.
The fund has a 5-year beta of 1.02, so investors should note that it is hypothetically as volatile as the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. Over the past 5 years, the fund has a negative alpha of -0.27. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is largely on equities that are traded in the United States.
Right now, 98.33% of this mutual fund's holdings are stocks, with an average market capitalization of $354.59 billion. The fund has the heaviest exposure to the following market sectors:
Technology Finance Retail Trade
With turnover at about 6%, this fund is making fewer trades than the average comparable fund.
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, SNXFX is a no load fund. It has an expense ratio of 0.05% compared to the category average of 0.78%. SNXFX is actually cheaper than its peers when you consider factors like cost.
Investors should also note that the minimum initial investment for the product is $0 and that each subsequent investment has no minimum amount.
This could just be the start of your research on SNXFXin the Mutual Fund Equity Report category. Consider going to
www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.