| Schwab® Monthly
Income Fund — Target Payout (formerly Schwab® Monthly Income Fund — Moderate Payout) |
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SWJRX |
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| Schwab® Monthly
Income Fund — Flexible Payout (formerly Schwab® Monthly Income Fund — Enhanced Payout) |
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SWKRX |
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| Schwab® Monthly
Income Fund — Income Payout (formerly Schwab® Monthly Income Fund — Maximum Payout) |
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SWLRX |
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| Fund Summaries | | | | | | | |
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Ticker Symbol: |
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of the value of your investment) |
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Management fees | | |
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Distribution (12b-1) fees | | |
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Other expenses | | |
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Acquired fund fees and expenses (AFFE)(2) | | |
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Total annual fund operating
expenses(2)
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Less
expense reduction |
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( |
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Total annual fund operating expenses
(including AFFE) after expense reduction(2)(3)
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1 Year |
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3 Years |
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5 Years |
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10 Years |
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1 Year |
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5 Years |
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10 Years |
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Before taxes | | | | | | | | | | | | | | | | | |||
After taxes on distributions | | | | | | | | | | | | | | | | | |||
After taxes on distributions and sale
of shares |
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Comparative
Indexes ( |
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S&P 500 Index | | | | | | | | | | | | | | | | | |||
Bloomberg US Aggregate Bond
Index |
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Target Payout Composite Index(1) | | | | | | | | | | | | | | | | |
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Ticker Symbol: |
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of the value of your investment) |
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Management fees | | |
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Distribution (12b-1) fees | | |
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Other expenses | | |
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Acquired fund fees and expenses (AFFE)(2) | | |
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Total annual fund operating
expenses(2)
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Less
expense reduction |
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( |
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Total annual fund operating expenses
(including AFFE) after expense reduction(2)(3)
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1 Year |
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3 Years |
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5 Years |
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10 Years |
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1 Year |
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5 Years |
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10 Years |
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Before taxes | | | | | | | | | | | | | | | | | |||
After taxes on distributions | | | | | | | | | | | | | | | | | |||
After taxes on distributions and sale
of shares |
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Comparative
Indexes |
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S&P 500 Index | | | | | | | | | | | | | | | | | |||
Bloomberg US Aggregate Bond
Index |
| | | | ( |
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Flexible Payout Composite Index(1) | | | | | | | | | | | | | | | | |
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Ticker Symbol: |
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of the value of your investment) |
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Management fees | | |
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Distribution (12b-1) fees | | |
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Other expenses | | |
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Acquired fund fees and expenses (AFFE)(2) | | |
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Total annual fund operating
expenses(2)
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Less
expense reduction |
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( |
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Total annual fund operating expenses
(including AFFE) after expense reduction(2)(3)
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1 Year |
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3 Years |
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5 Years |
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10 Years |
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| | $ | | | | | $ | | | | | $ | | | | | $ | | |
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1 Year |
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5 Years |
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10 Years |
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Before taxes | | | | | | | | | | | | | | | | | |||
After taxes on distributions | | | | | | | | | | | | | | | | | |||
After taxes on distributions and sale
of shares |
| | | | | | | | | | | | | | | | |||
Comparative
Indexes ( |
| | | | | | | | | | | | | | | | | | |
S&P 500 Index | | | | | | | | | | | | | | | | | |||
Bloomberg US Aggregate Bond
Index |
| | | | ( |
| | | | | | | | | | | | ||
Income Payout Composite Index(1) | | | | | | | | | | | | | | | | |
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Schwab Monthly Income Fund – Target
Payout: |
| | The fund is designed to offer shareholders a targeted annual payout of approximately 5% during most market environments. | |
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Schwab Monthly Income Fund – Flexible
Payout: |
| | The fund is designed to offer shareholders a targeted annual payout of 4-6% during most market environments and seeks to maximize annual payout while maintaining or growing the level of original investment over the long term. | |
|
Schwab Monthly Income Fund – Income
Payout: |
| | The fund is designed to offer shareholders an annual payout based on underlying fund yields and the market environment. The fund’s anticipated annual payout is expected to be 0-3% during a low interest rate environment, 3-5% during a normal interest rate environment, and 5+% during a high interest rate environment. | |
Fund |
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Equity |
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Fixed Income |
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Cash and Cash Equivalents |
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Schwab Monthly Income Fund – Target Payout | | |
30-70% |
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30-70% |
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0-12% |
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Schwab Monthly Income Fund – Flexible Payout | | |
30-70% |
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30-70% |
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0-12% |
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Schwab Monthly Income Fund – Income Payout | | |
10-50% |
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50-90% |
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0-12% |
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Targeted Annual Payout |
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| Schwab Monthly Income Fund – Target Payout | | |
5% |
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| Schwab Monthly Income Fund – Flexible Payout | | |
4-6% |
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| Schwab Monthly Income Fund – Income Payout | | |
3-5% |
|
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1/1/22– 6/30/22(1) |
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1/1/21– 12/31/21 |
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1/1/20– 12/31/20 |
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1/1/19– 12/31/19 |
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1/1/18– 12/31/18 |
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1/1/17– 12/31/17 |
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Per-Share Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value at beginning of period | | | | $ | 11.99 | | | | | $ | 11.38 | | | | | $ | 11.09 | | | | | $ | 10.05 | | | | | $ | 11.09 | | | | | $ | 10.31 | | |
Income (loss) from investment operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net
investment income (loss)(2)
|
| | | | 0.10 | | | | | | 0.24 | | | | | | 0.21 | | | | | | 0.29 | | | | | | 0.23 | | | | | | 0.23 | | |
Net
realized and unrealized gains (losses) |
| | | | (1.70) | | | | | | 0.81 | | | | | | 0.36 | | | | | | 1.34 | | | | | | (0.92) | | | | | | 0.87 | | |
Total from investment
operations |
| | | | (1.60) | | | | | | 1.05 | | | | | | 0.57 | | | | | | 1.63 | | | | | | (0.69) | | | | | | 1.10 | | |
Less distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from net investment
income |
| | | | (0.09) | | | | | | (0.37) | | | | | | (0.21) | | | | | | (0.29) | | | | | | (0.24) | | | | | | (0.32) | | |
Distributions from net realized
gains |
| | | | - | | | | | | (0.07) | | | | | | (0.07) | | | | | | (0.30) | | | | | | (0.11) | | | | | | — | | |
Total distributions |
| | | | (0.09) | | | | | | (0.44) | | | | | | (0.28) | | | | | | (0.59) | | | | | | (0.35) | | | | | | (0.32) | | |
Net asset value at end of period | | | | $ | 10.30 | | | | | $ | 11.99 | | | | | $ | 11.38 | | | | | $ | 11.09 | | | | | $ | 10.05 | | | | | $ | 11.09 | | |
Total return | | | | | (13.37%)(3) | | | | | | 9.23% | | | | | | 5.32% | | | | | | 16.41% | | | | | | (6.31%) | | | | | | 10.80% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to average net assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net
operating expenses(4)
|
| | | | 0.00%(5) | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Gross operating expenses(4)
|
| | | | 0.17%(5) | | | | | | 0.18% | | | | | | 0.21% | | | | | | 0.24% | | | | | | 0.19% | | | | | | 0.20% | | |
Net
investment income (loss)
|
| | | | 1.89%(5) | | | | | | 1.99% | | | | | | 1.93% | | | | | | 2.68% | | | | | | 2.17% | | | | | | 2.11% | | |
Portfolio turnover rate | | | | | 8%(2) | | | | | | 11% | | | | | | 30% | | | | | | 30% | | | | | | 20% | | | | | | 41%(6) | | |
Net assets, end of period (x 1,000) | | | | $ | 43,309 | | | | | $ | 53,397 | | | | | $ | 44,663 | | | | | $ | 46,606 | | | | | $ | 41,358 | | | | | $ | 48,554 | | |
| | |
1/1/22– 6/30/22(1) |
| |
1/1/21– 12/31/21 |
| |
1/1/20– 12/31/20 |
| |
1/1/19– 12/31/19 |
| |
1/1/18– 12/31/18 |
| |
1/1/17– 12/31/17 |
| ||||||||||||||||||
Per-Share Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value at beginning of period | | | | $ | 12.02 | | | | | $ | 11.82 | | | | | $ | 11.49 | | | | | $ | 10.58 | | | | | $ | 11.38 | | | | | $ | 10.81 | | |
Income (loss) from investment operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net
investment income (loss)(2)
|
| | | | 0.11 | | | | | | 0.24 | | | | | | 0.23 | | | | | | 0.31 | | | | | | 0.25 | | | | | | 0.24 | | |
Net
realized and unrealized gains (losses) |
| | | | (1.58) | | | | | | 0.44 | | | | | | 0.45 | | | | | | 1.13 | | | | | | (0.72) | | | | | | 0.64 | | |
Total from investment
operations |
| | | | (1.47) | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.44 | | | | | | (0.47) | | | | | | 0.88 | | |
Less distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from net investment
income |
| | | | (0.10) | | | | | | (0.34) | | | | | | (0.23) | | | | | | (0.31) | | | | | | (0.26) | | | | | | (0.31) | | |
Distributions from net realized
gains |
| | | | — | | | | | | (0.14) | | | | | | (0.12) | | | | | | (0.22) | | | | | | (0.07) | | | | | | — | | |
Total distributions |
| | | | (0.10) | | | | | | (0.48) | | | | | | (0.35) | | | | | | (0.53) | | | | | | (0.33) | | | | | | (0.31) | | |
Net asset value at end of period | | | | $ | 10.45 | | | | | $ | 12.02 | | | | | $ | 11.82 | | | | | $ | 11.49 | | | | | $ | 10.58 | | | | | $ | 11.38 | | |
Total return | | | | | (12.29%)(3) | | | | | | 5.73% | | | | | | 6.11% | | | | | | 13.79% | | | | | | (4.20%) | | | | | | 8.19% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to average net assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net
operating expenses(4)
|
| | | | 0.00%(5) | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Gross operating expenses(4)
|
| | | | 0.10%(5) | | | | | | 0.10% | | | | | | 0.12% | | | | | | 0.14% | | | | | | 0.12% | | | | | | 0.11% | | |
Net
investment income (loss)
|
| | | | 1.98%(5) | | | | | | 1.99% | | | | | | 2.06% | | | | | | 2.75% | | | | | | 2.28% | | | | | | 2.14% | | |
Portfolio turnover rate | | | | | 5%(2) | | | | | | 20% | | | | | | 28% | | | | | | 31% | | | | | | 9% | | | | | | 50%(6) | | |
Net assets, end of period (x 1,000) | | | | $ | 77,379 | | | | | $ | 100,081 | | | | | $ | 89,691 | | | | | $ | 85,595 | | | | | $ | 76,552 | | | | | $ | 95,293 | | |
| | |
1/1/22– 6/30/22(1) |
| |
1/1/21– 12/31/21 |
| |
1/1/20– 12/31/20 |
| |
1/1/19– 12/31/19 |
| |
1/1/18– 12/31/18 |
| |
1/1/17– 12/31/17 |
| ||||||||||||||||||
Per-Share Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value at beginning of period | | | | $ | 10.72 | | | | | $ | 10.80 | | | | | $ | 10.33 | | | | | $ | 9.60 | | | | | $ | 10.15 | | | | | $ | 9.85 | | |
Income (loss) from investment operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net
investment income (loss)(2)
|
| | | | 0.10 | | | | | | 0.22 | | | | | | 0.23 | | | | | | 0.29 | | | | | | 0.24 | | | | | | 0.22 | | |
Net
realized and unrealized gains (losses) |
| | | | (1.31) | | | | | | 0.03 | | | | | | 0.47 | | | | | | 0.77 | | | | | | (0.48) | | | | | | 0.33 | | |
Total from investment
operations |
| | | | (1.21) | | | | | | 0.25 | | | | | | 0.70 | | | | | | 1.06 | | | | | | (0.24) | | | | | | 0.55 | | |
Less distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from net investment
income |
| | | | (0.09) | | | | | | (0.26) | | | | | | (0.22) | | | | | | (0.28) | | | | | | (0.24) | | | | | | (0.25) | | |
Distributions from net realized
gains |
| | | | — | | | | | | (0.07) | | | | | | (0.01) | | | | | | (0.05) | | | | | | (0.07) | | | | | | — | | |
Total distributions |
| | | | (0.09) | | | | | | (0.33) | | | | | | (0.23) | | | | | | (0.33) | | | | | | (0.31) | | | | | | (0.25) | | |
Net asset value at end of period | | | | $ | 9.42 | | | | | $ | 10.72 | | | | | $ | 10.80 | | | | | $ | 10.33 | | | | | $ | 9.60 | | | | | $ | 10.15 | | |
Total return | | | | | (11.31%)(3) | | | | | | 2.33% | | | | | | 6.93% | | | | | | 11.18% | | | | | | (2.31%) | | | | | | 5.64% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to average net assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net
operating expenses(4)
|
| | | | 0.00%(5) | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00%(6)(7) | | |
Gross operating expenses(4)
|
| | | | 0.10%(5) | | | | | | 0.11% | | | | | | 0.14% | | | | | | 0.23% | | | | | | 0.20% | | | | | | 0.20% | | |
Net
investment income (loss)
|
| | | | 2.07%(5) | | | | | | 1.99% | | | | | | 2.17% | | | | | | 2.85% | | | | | | 2.42% | | | | | | 2.17% | | |
Portfolio turnover rate | | | | | 5%(3) | | | | | | 25% | | | | | | 23% | | | | | | 31% | | | | | | 11% | | | | | | 63%(8) | | |
Net assets, end of period (x 1,000) | | | | $ | 82,522 | | | | | $ | 112,619 | | | | | $ | 112,043 | | | | | $ | 62,526 | | | | | $ | 40,213 | | | | | $ | 48,475 | | |
Major Asset Class |
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Sub-Asset Class |
| | | | |
Schwab Monthly Income Fund – Target Payout |
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Schwab Monthly Income Fund – Flexible Payout |
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Schwab Monthly Income Fund – Income Payout |
|
U.S.
Stocks |
| | Large-Cap | | | | | |
20% |
| |
20% |
| |
13% |
|
International Stocks |
| | Developed | | | | | |
20% |
| |
20% |
| |
11% |
|
Global Real Estate |
| | Global REITs | | | | | |
10% |
| |
10% |
| |
6% |
|
Fixed Income |
| | Intermediate-Term Bonds | | | | | |
20% |
| |
20% |
| |
35% |
|
| | | Short-Term Bonds | | | | | |
0% |
| |
0% |
| |
8% |
|
| | | Long-Term Government Bonds | | | | | |
7% |
| |
7% |
| |
6% |
|
| | | High Yield Bonds | | | | | |
11% |
| |
11% |
| |
9% |
|
| | | Floating Rate Loans | | | | | |
3% |
| |
3% |
| |
3% |
|
| | | Preferred | | | | | |
7% |
| |
7% |
| |
7% |
|
Cash
and Cash Equivalents (including Money Market Funds) |
| | | | | | | |
2% |
| |
2% |
| |
2% |
|
| | | | | | | | |
100% |
| |
100% |
| |
100% |
|
Asset Class & Underlying Fund
|
| |
Investment Objective and Principal
Investment Strategy |
|
EQUITY FUNDS | | |||
Schwab® Dividend Equity Fund |
| | Seeks current income and capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in dividend paying common and preferred stock. The fund primarily invests in U.S. companies, but may invest up to 20% of its net assets in the stocks of publicly traded companies located in countries other than the United States. The fund may invest in companies of all sizes. | |
Schwab U.S. Dividend Equity ETF
|
| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100TM Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
EQUITY FUNDS – GLOBAL REAL ESTATE | | |||
Schwab® Global Real Estate Fund |
| | Seeks capital growth and income consistent with prudent investment management. The fund invests, under normal circumstances, at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities of real estate companies and companies related to the real estate industry. The fund may invest a significant portion of its total assets in real estate investment trusts (REITs) and other similar REIT-like structures. The fund does not invest directly in real estate. | |
EQUITY FUNDS – INTERNATIONAL | | |||
Schwab® International Opportunities Fund (formerly, Laudus International MarketMasters FundTM) | | |
Seeks long-term capital appreciation. The
fund normally invests a substantial amount of its assets in equity
securities of companies outside the United States and typically focuses on
developed markets, but may invest in companies from emerging markets as
well. The fund expects to invest in companies across all market
capitalization ranges.
|
|
Schwab International Dividend Equity
ETF |
| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of high dividend yielding stocks issued by companies outside the United States. It is the fund’s policy that under normal circumstances it will invest at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 20% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – INTERMEDIATE-TERM BOND | | |||
Schwab® U.S. Aggregate Bond Index Fund
|
| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the broad U.S. investment grade bond market. The fund generally invests in securities that are included in the Bloomberg US Aggregate Bond Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index, including TBA transactions, as defined in the fund’s prospectus. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
Asset Class & Underlying Fund
|
| |
Investment Objective and Principal
Investment Strategy |
|
Schwab 5-10 Year Corporate Bond
ETF |
| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the intermediate-term U.S. corporate bond market. The fund generally invests in securities that are included in the Bloomberg US 5-10 Year Corporate Bond Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – SHORT-TERM CORPORATE BOND | | | | |
Schwab 1-5 Year Corporate Bond ETF
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| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the short-term U.S. corporate bond market. The fund generally invests in securities that are included in the Bloomberg US 1-5 Year Corporate Bond Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – LONG-TERM GOVERNMENT BOND | | | | |
Schwab Long-Term U.S. Treasury ETF
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| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the long-term U.S. treasury bond market. The fund generally invests in securities that are included in the Bloomberg US Long Treasury Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – HIGH YIELD | | | | |
BlackRock High Yield Bond
Portfolio |
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Seeks to maximize total
return, consistent with income generation and prudent investment
management. The fund normally invests at least 80% of its assets in high
yield bonds. The fund may invest up to 30% of its assets in nondollar
denominated bonds of issuers located outside of the United States. The
fund’s investment in nondollar denominated bonds may be on a currency
hedged or unhedged basis. The Fund may also invest in convertible and
preferred securities. Convertible debt securities will be counted toward
the fund’s 80% policy to the extent they have characteristics similar to
the securities included within that policy. To add additional
diversification, the management team can invest in a wide range of
securities including corporate bonds, mezzanine investments,
collateralized bond obligations, bank loans and mortgage-backed and
asset-backed securities. The fund und can also invest, to the extent
consistent with its investment objective, in non-U.S. and emerging market
securities and currencies. The fund may invest in securities of any
rating, and may invest up to 10% of its assets (measured at the time of
investment) in distressed securities that are in default or the issuers of
which are in bankruptcy.
BlackRock is a registered trademark of
BlackRock, Inc. or its subsidiaries (“BlackRock”). Neither BlackRock nor
the BlackRock Funds make any representations regarding the advisability of
investing in the BlackRock High Yield Bond Portfolio. |
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FIXED INCOME FUNDS – FLOATING RATE LOANS | | | | |
T.
Rowe Price Institutional Floating Rate Fund |
| | Seeks high current income and, secondarily, capital appreciation. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in floating rate loans and floating rate debt securities. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated loans and debt instruments (including instruments of issuers in emerging markets) in keeping with its investment objective(s). | |
Asset Class & Underlying Fund
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Investment Objective and Principal
Investment Strategy |
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FIXED INCOME FUNDS – PREFERRED STOCK | | | | |
Cohen & Steers Preferred Securities
and Income Fund, Inc. |
| | Seeks total return (high current income and capital appreciation). Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; contingent capital securities; and securities of other open-end, closed-end or exchange-traded funds that invest primarily in preferred and/or debt securities. | |
MONEY MARKET FUNDS | | |||
Schwab® Government Money Fund |
| | Seeks the highest current income consistent with stability of capital and liquidity. The fund will invest at least 99.5% of its total assets in cash, U.S. government securities and/or repurchase agreements that are collateralized fully by cash and/or U.S. government securities; under normal circumstances, at least 80% of the fund’s net assets (including, for this purpose, any borrowings for investment purposes) will be invested solely in U.S. government securities including repurchase agreements that are collateralized fully by U.S. government securities (excluding cash). | |
Schwab® Treasury Obligations Money Fund
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| | Seeks current income consistent with stability of capital and liquidity. The fund will invest at least 99.5% of its total assets in cash, government securities and/or repurchase agreements that are collateralized fully by cash and/or government securities; under normal circumstances, at least 80% of the fund’s net assets (including, for this purpose, any borrowings for investment purposes) will be invested solely in U.S. Treasury obligations or repurchase agreements backed by such obligations (excluding cash). | |
Schwab® Variable Share Price Money Fund
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| | Seeks current income consistent with stability of capital and liquidity. The fund invests in high-quality short-term money market investments issued by U.S. and foreign issuers. Unlike a traditional stable share price money market fund, the fund will not use the amortized cost method of valuation or round the per share net asset value (NAV) to the nearest whole cent and does not seek to maintain a stable share price. As a result, the fund’s share price, which is its NAV, will vary and reflect the effects of unrealized appreciation and depreciation and realized losses and gains. | |