Charles Schwab Investment Management, Inc. had more than $315 billion assets under management as of Jun 30, 2017. The company offers a variety of products like money market funds, ETFs, index funds and asset allocation funds to name a few. The main objective of Schwab Investment is to provide effective solutions that will fulfill the needs of its investors.
Schwab Investment has been in business for more than 25 years and is presently one of the largest providers of individual mutual funds. Charles Schwab Investment provides diverse investment products to its clients, including institutional and private investors. Founded in 1989, the company focuses on more than 100 funds with its experienced workforce and has been able to offer the best investment 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 Schwab funds.
Schwab Large-Cap Growth Fund (SWLSX - Free Report) invests its assets heavily in securities of large-cap companies that fall within the range of the Russell 1000 Index. SWLSX seeks long-term growth of capital by investing primarily in domestic large-cap companies. Schwab Large-Cap Growth Fund has five-year annualized returns 13.9%.
SWLSX has an expense ratio of 1% compared with the category average of 1.13%.
Schwab Core Equity Fund (SWANX - Free Report) 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 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 Fund has five-year annualized returns of 13.6%.
As of June 2017, SWANX held 142 issues, with 3.59% of its assets invested in Apple Inc.
Schwab MarketTrack All Equity Portfolio (SWEGX - Free Report) focuses on maintaining a definite asset allocation. SWEGX invests the majority of its assets in equity securities, with specific percentages for various segments of the stock market. The fund seeks a high level of capital appreciation by maintaining an all-stock portfolio. Schwab MarketTrack All Equity Portfolio has five-year annualized returns of 11.7%.
Zifan Tang is the fund manager of SWEGX since 2012.
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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