Schwab Balanced Fund™
Summary
Objective
The fund seeks capital growth and income.
Highlights
- Seeks both capital growth and income
- Offers a diversified asset allocation to U.S. equity, international equity, U.S. fixed income and cash and cash equivalents
- Seeks to provide growth opportunities of equity investing with the income opportunity of fixed income securities
- Offers the benefits of more diversification than investing in an individual stock or bond
Fund Details
Fund Profile
| Fund Inception | 11/18/1996 | |
|---|---|---|
| Total Net Assets As of 09/25/2023
|
09/25/2023 | $611,540,115.78 |
| Index Name | Balanced Blended Index | |
| Shares Outstanding As of 09/25/2023
|
09/25/2023 | 40,595,434 |
| NAV As of 09/25/2023
|
09/25/2023 | $15.06 |
| Total Holdings As of 06/30/2023
|
06/30/2023 | 7 |
| Portfolio Turnover Rate As of 08/31/2023
|
08/31/2023 | 11.42% |
| Morningstar Category | Moderate Allocation | |
| Management Style | Active |
Yields
| SEC Yield (30 Day) As of 09/22/2023
|
09/22/2023 | -- |
|---|---|---|
| Distribution Yield (TTM) As of 08/31/2023
|
08/31/2023 | 1.53% |
Fees & Minimum
| Gross Expense Ratio † | 0.520% | |
|---|---|---|
| Net Expense Ratio † | 0.490% | |
| Minimum Initial Investment | No Minimum | |
| 12b-1 Fee | 0.000% |
Fund Characteristics
| Alpha (3 Yr) As of 08/31/2023
|
08/31/2023 | -1.57 |
|---|---|---|
| Beta vs. Benchmark (3 Yr) As of 08/31/2023
|
08/31/2023 | 1.03 |
| R Squared (3 Yr) As of 08/31/2023
|
08/31/2023 | 98.41 |
| Sharpe Ratio (3 Yr) As of 08/31/2023
|
08/31/2023 | 0.11 |
| Standard Deviation (3 Yr) As of 08/31/2023
|
08/31/2023 | 12.62% |
Underlying Fund Managers or Sub-Advisors
- American Century Investment Management, Inc.
- Baillie Gifford Overseas Limited
- BlackRock Investment Managment, LLC
- Charles Schwab Investment Management, Inc.
- Harris Associates L.P.
- Mellon Investments Corporation
- Mondrian Investment Partners Limited
- William Blair Investment Management, LLC
The Schwab Balanced Fund invests in other Schwab Funds to gain exposure to underlying third-party sub-advised strategies.
Performance
Total Return
Monthly
-
SWOBX
Cumulative Returns (%)
- 1 Month
- -1.58
- 3 Month
- +4.07
- YTD
- +12.06
Annualized Returns (%)
- 1 Year
- +8.98
- 3 Year
- +3.00
- 5 Year
- +5.28
- 10 Year
- +7.18
- Inception
- +6.58
-
Balanced Blended Index (Index)
Cumulative Returns (%)
- 1 Month
- -1.69
- 3 Month
- +4.22
- YTD
- +10.11
Annualized Returns (%)
- 1 Year
- +8.57
- 3 Year
- +4.55
- 5 Year
- +6.43
- 10 Year
- +7.94
-
S&P 500® Index (Index)
Cumulative Returns (%)
- 1 Month
- -1.59
- 3 Month
- +8.28
- YTD
- +18.73
Annualized Returns (%)
- 1 Year
- +15.94
- 3 Year
- +10.52
- 5 Year
- +11.12
- 10 Year
- +12.81
-
Bloomberg US Aggregate Bond Index (Index)
Cumulative Returns (%)
- 1 Month
- -0.64
- 3 Month
- -1.06
- YTD
- +1.37
Annualized Returns (%)
- 1 Year
- -1.19
- 3 Year
- -4.41
- 5 Year
- +0.49
- 10 Year
- +1.48
-
Moderate Allocation (Morningstar Category)
Cumulative Returns (%)
- 1 Month
- -1.48
- 3 Month
- +4.24
- YTD
- +8.26
Annualized Returns (%)
- 1 Year
- +6.96
- 3 Year
- +4.14
- 5 Year
- +5.12
- 10 Year
- +6.35
| Description | Cumulative Returns (%) | Annualized Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SWOBX | -1.58 | +4.07 | +12.06 | +8.98 | +3.00 | +5.28 | +7.18 | +6.58 | |
| Balanced Blended Index (Index) | -1.69 | +4.22 | +10.11 | +8.57 | +4.55 | +6.43 | +7.94 | ||
| S&P 500® Index (Index) | -1.59 | +8.28 | +18.73 | +15.94 | +10.52 | +11.12 | +12.81 | ||
| Bloomberg US Aggregate Bond Index (Index) | -0.64 | -1.06 | +1.37 | -1.19 | -4.41 | +0.49 | +1.48 | ||
| Moderate Allocation (Morningstar Category) | -1.48 | +4.24 | +8.26 | +6.96 | +4.14 | +5.12 | +6.35 | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Quarterly
-
SWOBX
Average Annual Returns (%)
- 1 Year
- +10.45
- 3 Year
- +5.46
- 5 Year
- +5.95
- 10 Year
- +7.36
- Inception
- +6.60
-
Balanced Blended Index (Index)
Average Annual Returns (%)
- 1 Year
- +10.83
- 3 Year
- +7.00
- 5 Year
- +7.26
- 10 Year
- +8.01
-
S&P 500® Index (Index)
Average Annual Returns (%)
- 1 Year
- +19.59
- 3 Year
- +14.60
- 5 Year
- +12.31
- 10 Year
- +12.86
-
Bloomberg US Aggregate Bond Index (Index)
Average Annual Returns (%)
- 1 Year
- -0.94
- 3 Year
- -3.96
- 5 Year
- +0.77
- 10 Year
- +1.52
-
Moderate Allocation (Morningstar Category)
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SWOBX | +10.45 | +5.46 | +5.95 | +7.36 | +6.60 | |
| Balanced Blended Index (Index) | +10.83 | +7.00 | +7.26 | +8.01 | ||
| S&P 500® Index (Index) | +19.59 | +14.60 | +12.31 | +12.86 | ||
| Bloomberg US Aggregate Bond Index (Index) | -0.94 | -3.96 | +0.77 | +1.52 | ||
| Moderate Allocation (Morningstar Category) | -- | -- | -- | -- | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
After Tax Returns
Pre-Liquidation
SWOBX NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- +7.82
- 3 Year
- +3.61
- 5 Year
- +4.15
- 10 Year
- +5.68
- Inception
- +5.12
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- +7.41
- 3 Year
- +3.85
- 5 Year
- +4.22
- 10 Year
- +5.40
- Inception
- +4.90
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +2.46
- 3 Year
- +1.83
- 5 Year
- +1.75
- 10 Year
- +1.60
- Inception
- +1.40
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | +7.82 | +3.61 | +4.15 | +5.68 | +5.12 | |
| SEC Post-Liquidation | +7.41 | +3.85 | +4.22 | +5.40 | +4.90 | |
| Tax Cost Ratio | +2.46 | +1.83 | +1.75 | +1.60 | +1.40 | |
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. 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).
Moderate Allocation NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- +6.07
- 3 Year
- +4.48
- 5 Year
- +3.81
- 10 Year
- +4.72
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- +5.09
- 3 Year
- +4.40
- 5 Year
- +3.86
- 10 Year
- +4.57
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +1.59
- 3 Year
- +1.63
- 5 Year
- +1.63
- 10 Year
- +1.56
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | +6.07 | +4.48 | +3.81 | +4.72 | ||
| SEC Post-Liquidation | +5.09 | +4.40 | +3.86 | +4.57 | ||
| Tax Cost Ratio | +1.59 | +1.63 | +1.63 | +1.56 | ||
Post-Liquidation
SWOBX NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- +7.82
- 3 Year
- +3.61
- 5 Year
- +4.15
- 10 Year
- +5.68
- Inception
- +5.12
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- +7.41
- 3 Year
- +3.85
- 5 Year
- +4.22
- 10 Year
- +5.40
- Inception
- +4.90
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +2.46
- 3 Year
- +1.83
- 5 Year
- +1.75
- 10 Year
- +1.60
- Inception
- +1.40
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | +7.82 | +3.61 | +4.15 | +5.68 | +5.12 | |
| SEC Post-Liquidation | +7.41 | +3.85 | +4.22 | +5.40 | +4.90 | |
| Tax Cost Ratio | +2.46 | +1.83 | +1.75 | +1.60 | +1.40 | |
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. 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).
Moderate Allocation NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- +6.07
- 3 Year
- +4.48
- 5 Year
- +3.81
- 10 Year
- +4.72
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- +5.09
- 3 Year
- +4.40
- 5 Year
- +3.86
- 10 Year
- +4.57
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +1.59
- 3 Year
- +1.63
- 5 Year
- +1.63
- 10 Year
- +1.56
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | +6.07 | +4.48 | +3.81 | +4.72 | ||
| SEC Post-Liquidation | +5.09 | +4.40 | +3.86 | +4.57 | ||
| Tax Cost Ratio | +1.59 | +1.63 | +1.63 | +1.56 | ||
Cumulative Growth of a $10,000 Investment
| SWOBX (Fund) | $19,489 | |
|---|---|---|
| Balanced Blended Index (Index) | $21,527 | |
| S&P 500® Index (Index) | $32,364 | |
| Bloomberg Barclays US Aggregate Bond Index (Index) | $11,477 | |
| Moderate Allocation (Morningstar Category) | $17,583 | |
| Worst Three Months Return (3/31/2022 - 6/30/2022) | -11.79 | |
| Best Three Months Return (3/31/2020 - 6/30/2020) | +14.71 |
This graph represents the growth of a hypothetical investment of $10,000. It assumes reinvestment of dividends and capital gains, and does not reflect sales loads, redemption fees, if applicable, or the effects of taxes on any capital gains and/or distributions. If the inception date of the Index is less than the time period shown above, the Since Inception period is shown. Best and Worst Return cover the timeframe of the chart.
Price Performance
Portfolio
Top Holdings
-
SWAGX
- Name
- SCHWAB US AGGREGATE BOND INDEX
- Percent of Assets (%)
- 36.67%
- Market Value
- $234.3M
-
SWANX
- Name
- SCHWAB CORE EQT
- Percent of Assets (%)
- 26.88%
- Market Value
- $171.8M
-
LGILX
- Name
- SCHWAB SELECT LARGE CAP GROWTH
- Percent of Assets (%)
- 15.39%
- Market Value
- $98.4M
-
SWMIX
- Name
- SCHWAB INTERNATI OPRT
- Percent of Assets (%)
- 9.88%
- Market Value
- $63.2M
-
SWSCX
- Name
- SCHWAB SMALL CAP EQT CL SLCT
- Percent of Assets (%)
- 8.17%
- Market Value
- $52.2M
-
SVUXX
- Name
- SCHWAB VARIABL SH PRICE CL ULTRA
- Percent of Assets (%)
- 2.39%
- Market Value
- $15.3M
-
GVMXX
- Name
- SSC GOVERNMENT MM GVMXX
- Percent of Assets (%)
- 0.47%
- Market Value
- $3.0M
| Symbol | Name | Percent of Assets (%) | Market Value | ||
|---|---|---|---|---|---|
| SWAGX | SCHWAB US AGGREGATE BOND INDEX | 36.67%
|
$234.3M | ||
| SWANX | SCHWAB CORE EQT | 26.88%
|
$171.8M | ||
| LGILX | SCHWAB SELECT LARGE CAP GROWTH | 15.39%
|
$98.4M | ||
| SWMIX | SCHWAB INTERNATI OPRT | 9.88%
|
$63.2M | ||
| SWSCX | SCHWAB SMALL CAP EQT CL SLCT | 8.17%
|
$52.2M | ||
| SVUXX | SCHWAB VARIABL SH PRICE CL ULTRA | 2.39%
|
$15.3M | ||
| GVMXX | SSC GOVERNMENT MM GVMXX | 0.47%
|
$3.0M |
Asset Allocation
| Asset Class | Percent of Portfolio (%) | |
|---|---|---|
| Stocks | 99.53%
|
|
| Cash Investments | 0.47%
|
The percentage of assets as shown may not equal 100% due to unsettled trades.
Distributions
Distributions
-
Ex-Date: 12/29/2022
- Record Date
- 12/28/2022
- Payable Date
- 12/29/2022
- Income
- 0.2390
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 1.1830
- Return of Capital
- --
- Total Distribution
- 1.422000000
-
Ex-Date: 12/30/2021
- Record Date
- 12/29/2021
- Payable Date
- 12/30/2021
- Income
- 0.8519
- Short Term Capital Gain
- 0.0167
- Long Term Capital Gain
- 0.3568
- Return of Capital
- --
- Total Distribution
- 1.225400000
-
Ex-Date: 12/30/2020
- Record Date
- 12/29/2020
- Payable Date
- 12/30/2020
- Income
- 0.1860
- Short Term Capital Gain
- 0.0197
- Long Term Capital Gain
- 0.3158
- Return of Capital
- --
- Total Distribution
- 0.521500000
-
Ex-Date: 12/30/2019
- Record Date
- 12/27/2019
- Payable Date
- 12/30/2019
- Income
- 0.2239
- Short Term Capital Gain
- --
- Long Term Capital Gain
- 0.5982
- Return of Capital
- --
- Total Distribution
- 0.822100000
-
Ex-Date: 12/28/2018
- Record Date
- 12/27/2018
- Payable Date
- 12/28/2018
- Income
- 0.3681
- Short Term Capital Gain
- 0.0005
- Long Term Capital Gain
- 0.6136
- Return of Capital
- --
- Total Distribution
- 0.982200000
-
Ex-Date: 12/28/2017
- Record Date
- 12/27/2017
- Payable Date
- 12/28/2017
- Income
- 0.4774
- Short Term Capital Gain
- --
- Long Term Capital Gain
- 0.0181
- Return of Capital
- --
- Total Distribution
- 0.495500000
-
Ex-Date: 12/29/2016
- Record Date
- 12/28/2016
- Payable Date
- 12/29/2016
- Income
- 0.2173
- Short Term Capital Gain
- 0.0994
- Long Term Capital Gain
- 0.7650
- Return of Capital
- --
- Total Distribution
- 1.081700000
-
Ex-Date: 12/30/2015
- Record Date
- 12/29/2015
- Payable Date
- 12/30/2015
- Income
- 0.3249
- Short Term Capital Gain
- --
- Long Term Capital Gain
- 0.7595
- Return of Capital
- --
- Total Distribution
- 1.084400000
-
Ex-Date: 12/30/2014
- Record Date
- 12/29/2014
- Payable Date
- 12/30/2014
- Income
- 0.3383
- Short Term Capital Gain
- --
- Long Term Capital Gain
- 0.4240
- Return of Capital
- --
- Total Distribution
- 0.762300000
-
Ex-Date: 12/27/2013
- Record Date
- 12/26/2013
- Payable Date
- 12/27/2013
- Income
- 0.2070
- Short Term Capital Gain
- --
- Long Term Capital Gain
- --
- Return of Capital
- --
- Total Distribution
- 0.207000000
| Ex-Date | Record Date | Payable Date | Income | Short Term Capital Gain | Long Term Capital Gain | Return of Capital | Total Distribution | ||
|---|---|---|---|---|---|---|---|---|---|
| 12/29/2022 | 12/28/2022 | 12/29/2022 | 0.2390 | 0.0000 | 1.1830 | -- | 1.422000000 | ||
| 12/30/2021 | 12/29/2021 | 12/30/2021 | 0.8519 | 0.0167 | 0.3568 | -- | 1.225400000 | ||
| 12/30/2020 | 12/29/2020 | 12/30/2020 | 0.1860 | 0.0197 | 0.3158 | -- | 0.521500000 | ||
| 12/30/2019 | 12/27/2019 | 12/30/2019 | 0.2239 | -- | 0.5982 | -- | 0.822100000 | ||
| 12/28/2018 | 12/27/2018 | 12/28/2018 | 0.3681 | 0.0005 | 0.6136 | -- | 0.982200000 | ||
| 12/28/2017 | 12/27/2017 | 12/28/2017 | 0.4774 | -- | 0.0181 | -- | 0.495500000 | ||
| 12/29/2016 | 12/28/2016 | 12/29/2016 | 0.2173 | 0.0994 | 0.7650 | -- | 1.081700000 | ||
| 12/30/2015 | 12/29/2015 | 12/30/2015 | 0.3249 | -- | 0.7595 | -- | 1.084400000 | ||
| 12/30/2014 | 12/29/2014 | 12/30/2014 | 0.3383 | -- | 0.4240 | -- | 0.762300000 | ||
| 12/27/2013 | 12/26/2013 | 12/27/2013 | 0.2070 | -- | -- | -- | 0.207000000 |
Documents
SWOBX Prospectus and Other Regulatory Documents
Schwab Balanced Fund
