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Schwab Total Stock Market Index Fund® SWTSX

Schwab Mutual Fund OneSource®
(no-load, no-transaction-fee)
NAVChangeNet Expense RatioYTD Return
YTD Return is adjusted for possible sales charges, and assumes reinvestment of dividends and capital gains.
$52.54-0.04 (-0.08%)0.03%10.41%
Quote data as of close 09/21/2018As of 08/31/2018

Fund Details

Fund Strategy

The investment seeks to track the total return of the entire U.S. stock market- as measured by the Dow Jones U.S. Total Stock Market IndexSM. The fund generally invests at least 80% of its net assets (including- for this purpose- any borrowings for investment purposes) in these stocks; typically- the actual percentage is considerably higher. It generally gives the same weight to a given stock as the index does. The fund may invest in derivatives- principally futures contracts- and lend its securities to minimize the gap in performance that naturally exists between any index fund and its corresponding index.

Status

AvailabilityOpen

Minimum Investment

InitialSubsequent
Basic$1$1
IRA$1$1
Custodial$1$1
as of 08/31/2018
Fund Profile
Inception Date06/01/1999Total Assets$8.9B
Total Holdings2728Portfolio Turnover2%
Fund CompanySchwab FundsIndex FundYes
Leveraged Fund
Leveraged Fund

Leveraged Mutual Funds typically use derivatives to attempt to multiply the returns of the underlying index each day or month. These funds trade much differently than other mutual funds. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these funds are generally designed for short-term use only, and are generally not intended to be buy-and-hold positions, because their returns over longer periods generally do not match the mutual fund’s multiple of the underlying index over those periods. These funds are not appropriate for most investors.

NoInverse Fund
Inverse Fund

Inverse mutual funds typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day or month. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These funds trade much differently than other mutual funds. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these funds are designed for short-term use only, and are not intended to be buy-and-hold positions, because their returns over longer periods generally do not match the mutual fund’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors.

No
Morningstar Category: Large Blend
Large-blend funds have portfolios that are fairly representative of the overall stock market in size, growth rates, and price. They tend to invest across the spectrum of U.S. industries and owing to their broad exposure, the funds' returns are often similar to those of the S&P 500 Index.
Management
Ferian Juwono
Since 2013
Christopher Bliss
Since 2017
Schwab Fees 
Transaction FeeNoShort-term Redemption FeeNo
Trading Details

Frequent Trader Policy 

For any restrictions on frequent trading activity in this fund, please see the fund prospectus.

Order Cut-Off Time 

4:00 PM EST - You must place your orders by this time to receive today's closing price.

The fund reserves the right to change or modify these restrictions, or to apply its own frequent trading policy, at any time. Please see the fund prospectus for more information.

Investment Goal
Seeks to track the total return of the Dow Jones Wilshire 5000 Composite Index, which includes all U.S. publicly traded companies with readily available pricing data.

Schwab and the investment adviser have agreed to limit the fund's "net operating expenses" as stated in the prospectus for each fund, for so long as the investment adviser serves as the adviser to the fund. This agreement may only be amended or terminated with the approval of the fund's Board of Trustees. The limitation excludes interest, taxes, expenses for dividends and interest paid on securities sold short, and certain non-routine expenses, which may result in a fund incurring net operating expenses above the limitation.
Fund Fees & Expenses
Annual Operating Expenses 
Gross Expense Ratio
(before waivers/reductions)
0.03%
Net Expense Ratio
(after waivers/reductions)
0.03%
Category Average0.97%
Fund Company Fees 
Max. Front Load--
Max. Back Load--
12-b-1 Fee--
Fund's Contingent
Redemption Fee
0.00%

A net expense ratio lower than the gross expense ratio may reflect a cap on or contractual waiver of fund expenses. Please read the fund prospectus for details on limits or expiration dates for any such waivers.

Investment objective
The Fund's goal is to track the total return of the entire U.S. stock market, as measured by the Dow Jones U.S. Total Stock Market Index℠.
Fund highlights
  • A convenient, low-cost way to capture the performance of the entire U.S. stock market
  • Provides broad diversification across market capitalizations, sectors and industries
  • Can serve as part of the foundation of a diversified portfolio
  • Low investment minimums and no loads
 
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Schwab's Financial and Other Relationships with Mutual Funds

Investors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can view, download, and print a prospectus by clicking on Prospectus & Reports or by calling 1-800-435-4000. Please read the prospectus carefully before investing.

Past performance does not guarantee future performance. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost. If an expense waiver was in place during the period, the net expense ratio was used to calculate fund performance.

Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource® service (and certain other funds with no transaction fee) and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading. For each of these trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses.

Charles Schwab & Co., Inc. (member SIPC) receives remuneration from fund companies in the Mutual Fund OneSource® program for recordkeeping and shareholder services, and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services. The aggregate fees Schwab or its affiliates receive from Schwab Affiliate Funds (see fund prospectuses for more details) are greater than the remuneration received from the other funds available through Schwab's Mutual Fund OneSource service.

Trades in no-load mutual funds available through Mutual Funds OneSource service (including SchwabFunds) as well as certain other funds, are available without transaction fees. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Funds are also subject to management fees and expenses.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar Ratings do not take into account sales loads that may apply to certain third party funds.

Leveraged mutual funds seek to provide a multiple of the investment returns of a given index or benchmark on a daily or monthly basis. Inverse mutual funds seek to provide the opposite of the investment returns, also daily or monthly, of a given index or benchmark, either in whole or by multiples. Due to the effects of compounding, aggressive techniques, and possible correlation errors, leveraged and inverse funds may experience greater losses than one would ordinarily expect. Compounding can also cause a widening differential between the performances of a fund and its underlying index or benchmark, so that returns over periods longer than the stated reset period can differ in amount and direction from the target return of the same period. Consequently, these funds may experience losses even in situations where the underlying index or benchmark has performed as hoped. Aggressive investment techniques such as futures, forward contracts, swap agreements, derivatives, options, can increase fund volatility and decrease performance. Investors holding these funds should therefore monitor their positions as frequently as daily. To find out more about trading these funds, please read: Leveraged and Inverse Products: What you need to know

Except as noted below, all data provided by Morningstar, Inc. All rights reserved. The information contained herein is the proprietary information of Morningstar, Inc., and may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. Morningstar, Inc., shall not be responsible for investment decisions, damages, or other losses resulting from use of the information. Morningstar, Inc., has not granted consent for it to be considered or deemed an "expert" under the Securities Act of 1933. Charles Schwab Investment Management, Inc. and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

Market data for Daily Fund (NAVs) and charts provided by Markit on Demand.

Charles Schwab Investment Management, Inc. (CSIM) is the investment advisor for Schwab Funds and Laudus Funds. Charles Schwab & Co., Inc. (Schwab) is the distributor for Schwab Funds and Laudus Funds. CSIM and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

Individual holdings are shown for informational purposes only and are not considered an offer to sell or a solicitation of an offer to buy a specific security.

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