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Schwab Opportunistic Municipal Bond Fund SWHYX | Schwab Mutual Fund OneSource® (no-load, no-transaction-fee) |
 Prospectus |  Mutual FundReport Card |
Daily Total Returns as of 05/15/2025
Actual Returns | Average Annual Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Description | YTD05/15/2025 | 1 Day | 1 Month | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | |
| SWHYX1,2Fund Performance (without load) | -1.80% | +0.12% | +0.91% | -2.09% | -0.24% | +2.16% | +1.48% | +2.13% | -- | |
| Bloomberg Municipal TR USD3Benchmark | -0.75% | +0.14% | +1.04% | -1.45% | +0.81% | +2.81% | +0.84% | +2.18% | +2.97% | |
| Muni National Long4Morningstar Category | -1.57% | +0.21% | +1.20% | -2.04% | +0.33% | +2.67% | +1.02% | +2.05% | +2.99% | |
| Rank in Category | 75 | 83 | 33 | 69 | 77 | 85 | 26 | 40 | -- | |
1 Effective July 1, 2021, the fund changed its name from Schwab High Yield Municipal Bond Fund to Schwab Opportunistic Municipal Bond Fund. The fund is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into the fund on August 10, 2020. 2 SWHYX return as of 05/15/2025 3 Bloomberg Municipal TR USD return as of 05/15/2025 4 Category: Muni National Long return as of 05/15/2025 | ||||||||||
Monthly Pre-Tax Returns (%) as of 04/30/2025
- •
- SWHYX1,2Fund
- •
- Muni National Long2Morningstar Category (with load)
- •
- Bloomberg Municipal TR USD3Broad-Based Index
- •
- SWHYX Pre-Liquidation4Fund
- •
- SWHYX Post-LiquidationFund
1 Effective July 1, 2021, the fund changed its name from Schwab High Yield Municipal Bond Fund to Schwab Opportunistic Municipal Bond Fund. The fund is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into the fund on August 10, 2020. 2 Numbers are adjusted for possible sales charges, and assume reinvestment of dividends and capital gains over each time period. 3 Index figures do not reflect deductions for fees or expenses. 4 Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. |
Actual Returns | Average Annual Returns | ||||||
|---|---|---|---|---|---|---|---|
| Description | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | Inception03/2014 | |
| SWHYX1,2 | -1.87% | +1.10% | +1.44% | +1.83% | +2.06% | +3.02% | |
| Muni National Long3Morningstar Category (without load) | -1.77% | +2.00% | +2.01% | +1.43% | +1.99% | -- | |
| Muni National Long2Morningstar Category (with load) | -2.45% | +1.30% | +1.80% | +1.30% | +1.91% | -- | |
| Bloomberg Municipal TR USD4Broad-Based Index | -1.52% | +1.66% | +2.21% | +1.17% | +2.10% | -- | |
1 Effective July 1, 2021, the fund changed its name from Schwab High Yield Municipal Bond Fund to Schwab Opportunistic Municipal Bond Fund. The fund is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into the fund on August 10, 2020. 2 Numbers are adjusted for possible sales charges, and assume reinvestment of dividends and capital gains over each time period. 3 Numbers assume reinvetsment of dividends and capital gains over each time period and are not adjusted for possible sales charges. 4 Index figures do not reflect deductions for fees or expenses. | |||||||
Actual Returns | Average Annual Returns | ||||||
|---|---|---|---|---|---|---|---|
| Description | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | Inception03/2014 | |
Pre-Tax Returns | |||||||
| SWHYX1Fund Performance (with load) | -0.99% | +0.79% | +0.62% | +1.27% | +2.12% | +3.12% | |
After-Tax Returns2 | |||||||
| SEC Pre-Liquidation3(Before sale of shares) | -0.99% | +0.79% | +0.62% | +1.23% | +2.05% | +3.05% | |
| SEC Post-Liquidation(After sale of shares) | -0.22% | +2.00% | +1.53% | +1.87% | +2.51% | +3.36% | |
| Tax Cost Ratio4 | -- | 0.00% | 0.00% | 0.03% | 0.07% | -- | |
1 Effective July 1, 2021, the fund changed its name from Schwab High Yield Municipal Bond Fund to Schwab Opportunistic Municipal Bond Fund. The fund is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into the fund on August 10, 2020. 2 Figures based on highest Federal income tax bracket. State taxes are not included. Returns are without load. 3 Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. 4 Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket). | |||||||
Yearly Performance | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rank | 2025 YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Top 25% | 9.23 | ||||||||||
9.14 | 8.26 | 1.56 | |||||||||
1.89 | 1.10 | ||||||||||
| Bottom 25% | -1.80 | -12.82 | 2.48 | 0.30 | |||||||
1Effective July 1, 2021, the fund changed its name from Schwab High Yield Municipal Bond Fund to Schwab Opportunistic Municipal Bond Fund. The fund is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into the fund on August 10, 2020.
2Compares this fund's total annual return with that of other funds in the same category.
3Figures are not adjusted for load, sales charge or taxes. See the 'Monthly Pre-Tax Returns' table above for load-adjusted performance.
Investment income on some tax-free funds may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax. Capital gains (if any) are not exempt from Federal taxation.
Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.
- Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can view, download, and print a prospectus by selecting the "View Prospectus" link at the top of the page. If there are remaining questions, please call 1-800-435-4000. Please read the prospectus carefully before investing.
- Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
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