Schwab Target 2050 Index Fund Institutional Shares (SWYMX)
Schwab Target 2050 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 $24.76, down 0.12% on the session, giving a market capitalisation of $1.71B. Its beta of 1.22 implies it has historically moved more than the broad market.
This fund endeavors to achieve its financial objectives predominantly by investing in exchange-traded funds (ETFs) affiliated with Schwab. Its established policy dictates that, in typical market environments, a minimum of 80% of its total assets (inclusive of net assets and any borrowed capital used for investment) will be allocated to underlying funds engineered to replicate the performance of particular market indices. The fund's strategic management is aligned with the specific target retirement year embedded in its name, predicated on an assumed retirement age of 65.
Schwab Target 2050 Index Fund Institutional Shares is most often compared with the following Financial Services names: