Schwab Total Bond Market (SWLBX - MF report) a Zacks Rank #2 (Buy) was incepted in March 1993 and is managed by Charles Schwab Investment Management, Inc. SWLBX seeks current income by primarily investing in a diversified portfolio of debt instruments that is designed to track the performance of the Lehman Brothers U.S. Aggregate Bond Index. SWLBX normally invests at least 80% of its assets in debt instruments of varying maturities. SWLBX primarily invests in investment-grade instruments and may invest more than 5% of its assets in high yield securities (junk bonds). SWLBX may invest in fixed, variable or floating rate instruments.
Schwab Total Bond Market, managed by Schwab Funds, carries an expense ratio of 0.29%. Moreover, SWLBX requires a minimal initial investment of $100.
SWLBX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 5.69%, 3 year 4.10% and 5 year 2.89%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
SWLBX’s performance, as of the last filing, when compared to funds in its category was in the top 17% in 1 year, top 14% over the past 3 years, and in the 20% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>