Schwab Target 2040 Index Fund Institutional Shares (SWYGX)
Schwab Target 2040 Index Fund Institutional Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Westlake, TX, US. The stock last traded at $22.48, down 0.09% on the session, giving a market capitalisation of $1.83B. Its beta of 1.11 implies it has historically moved more than the broad market.
The fund aims to achieve its financial objectives by primarily allocating its capital to Schwab's affiliated exchange-traded funds (ETFs). Under typical conditions, it maintains a mandate to invest a minimum of 80% of its total assets (comprising net assets and any funds borrowed for investment) into constituent funds specifically engineered to mirror the returns of various market indices. Its management approach is tailored to the target retirement date prominently featured in its name, operating on the premise of an investor retiring at age 65.
Schwab Target 2040 Index Fund Institutional Shares is most often compared with the following Financial Services names: