Schwab Target 2055 Index Fund (SWYJX)

Overview

This fund primarily invests in affiliated Schwab exchange-traded funds (ETFs) to achieve its investment objective. By following a policy to invest at least 80% of its assets in underlying funds that aim to track specific market indices, the fund targets individuals planning for retirement by managing the investment based on the specific retirement date indicated in its name, presuming a retirement age of 65. This structured approach allows for a tailored investment strategy that aligns with the retirement goals of its investors.

Products and Services

• Affiliated Schwab Exchange-Traded Funds (ETFs)

  These are the primary investment vehicles for the fund, selected to diversify investor portfolios across various market indices. By investing in a mix of Schwab ETFs, the fund leverages the expertise and resources of Charles Schwab, a leading entity in investment management.

• Target Date Retirement Funds

  The fund offers a unique investment strategy that focuses on the specific retirement date (target date) included in its name. This approach customizes asset allocation and risk tolerance over time, becoming more conservative as the target retirement date approaches. It caters to individuals with a preset retirement age, specifically assuming retirement at age 65, and adapts its investment strategy to meet the changing needs of its investors as they near retirement.