Schwab Target 2040 Fund (SWERX)
The fund seeks to achieve its investment objective by investing primarily in a combination of other affiliated Schwab Funds and Laudus Funds. It may also invest in unaffiliated third party mutual funds (referred to herein as unaffiliated funds and, together with Schwab Funds and Laudus Funds, the underlying funds). The fund invests in the underlying funds in accordance with its target portfolio allocation.
Fund Info
| ISIN | US8085095334 |
|---|---|
| CUSIP | 808509533 |
| Issuer | Charles Schwab |
| Inception Date | Jun 30, 2005 |
| Category | Target Retirement Date |
| Min. Investment | $0 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
SWERX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab Target 2040 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Schwab Target 2040 Fund had a return of 14.78% year-to-date (YTD) and 22.84% in the last 12 months. Over the past 10 years, Schwab Target 2040 Fund had an annualized return of 7.89%, while the S&P 500 had an annualized return of 11.39%, indicating that Schwab Target 2040 Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.78% | 25.48% |
| 1 month | -0.31% | 2.14% |
| 6 months | 6.67% | 12.76% |
| 1 year | 22.84% | 33.14% |
| 5 years (annualized) | 8.78% | 13.96% |
| 10 years (annualized) | 7.89% | 11.39% |
Monthly Returns
The table below presents the monthly returns of SWERX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.12% | 3.53% | 2.71% | -3.71% | 3.39% | 2.03% | 2.16% | 1.63% | 2.13% | -2.19% | 14.78% | ||
| 2023 | 7.07% | -2.69% | 2.24% | 1.03% | -0.96% | 4.96% | 2.82% | -2.27% | -4.15% | -2.80% | 8.06% | 5.20% | 19.06% |
| 2022 | -4.85% | -2.98% | 1.00% | -7.30% | 0.36% | -7.49% | 6.62% | -4.10% | -8.73% | 5.51% | 6.98% | -3.68% | -18.57% |
| 2021 | -0.33% | 2.29% | 2.08% | 4.02% | 1.18% | 1.27% | 1.01% | 2.04% | -3.75% | 3.95% | -2.05% | 3.22% | 15.65% |
| 2020 | -0.99% | -5.92% | -12.99% | 9.82% | 4.51% | 2.79% | 4.45% | 4.64% | -2.36% | -1.75% | 9.73% | 4.04% | 14.44% |
| 2019 | 7.48% | 2.30% | 1.15% | 2.92% | -4.93% | 5.51% | 0.18% | -1.84% | 1.56% | 2.15% | 2.35% | 2.60% | 23.01% |
| 2018 | 4.54% | -3.78% | -0.88% | 0.30% | 1.12% | -0.41% | 2.11% | 1.09% | -0.45% | -7.24% | 1.23% | -6.46% | -9.11% |
| 2017 | 2.25% | 2.74% | 0.91% | 1.74% | 1.39% | 0.75% | 2.23% | 0.48% | 1.81% | 1.54% | 1.81% | 1.14% | 20.47% |
| 2016 | -5.73% | -0.94% | 6.35% | 0.41% | 1.23% | -0.61% | 4.08% | 0.26% | 0.72% | -2.26% | 1.72% | 1.70% | 6.62% |
| 2015 | -1.42% | 4.83% | -0.54% | 0.72% | 1.02% | -1.54% | 1.32% | -5.69% | -2.83% | 6.14% | 0.24% | -1.28% | 0.43% |
| 2014 | -2.96% | 4.48% | 0.00% | -0.31% | 1.99% | 2.14% | -2.15% | 3.24% | -3.02% | 2.32% | 1.55% | -0.57% | 6.56% |
| 2013 | 4.36% | 0.82% | 2.74% | 1.73% | 0.99% | -1.82% | 5.07% | -2.52% | 4.32% | 3.54% | 2.13% | 2.12% | 25.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SWERX is 73, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Schwab Target 2040 Fund (SWERX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Schwab Target 2040 Fund provided a 1.79% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.27 | $0.54 | $0.24 | $0.35 | $0.39 | $0.44 | $0.24 | $0.32 | $0.39 | $0.27 |
Dividend yield | 1.79% | 2.06% | 1.88% | 2.80% | 1.32% | 2.17% | 2.74% | 2.61% | 1.64% | 2.17% | 2.43% | 1.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Target 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2013 | $0.27 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab Target 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab Target 2040 Fund was 48.24%, occurring on Mar 9, 2009. Recovery took 492 trading sessions.
The current Schwab Target 2040 Fund drawdown is 0.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.24% | Jul 16, 2007 | 415 | Mar 9, 2009 | 492 | Feb 17, 2011 | 907 |
| -29.83% | Feb 20, 2020 | 23 | Mar 23, 2020 | 103 | Aug 18, 2020 | 126 |
| -25.96% | Nov 9, 2021 | 235 | Oct 14, 2022 | 346 | Mar 4, 2024 | 581 |
| -19.67% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
| -16.79% | Jan 29, 2018 | 228 | Dec 21, 2018 | 213 | Oct 28, 2019 | 441 |
Volatility
Volatility Chart
The current Schwab Target 2040 Fund volatility is 2.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.