Fund Evaluator:
Schwab 1000 Index® (SNXFX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Schwab 1000 Index® Overview
Schwab 1000 Index® (SNXFX) is a passively managed U.S. Equity Large Blend fund. Schwab Funds launched the fund in 1991.
The investment seeks to match the total return of the Schwab 1000 Index®. The fund generally invests at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in these stocks; typically, the actual percentage is considerably higher. It generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. The index is a float-adjusted market capitalization weighted index that includes the 1,000 largest stocks of publicly traded companies in the United States, with size being determined by market capitalization.
About Schwab 1000 Index® (SNXFX)
There are 4 members of the management team with an average tenure of 8.30 years: Christopher Bliss (2017), Ferian Juwono (2013), Jeremy Brown (2019), Agnes Zau (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Schwab 1000 TR USD index with a weighting of 100%. Schwab 1000 Index® has 989 securities in its portfolio. The top 10 holdings constitute 36.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Schwab 1000 Index® is part of the Equity global asset class and is within the U.S. Equity fund group. Schwab 1000 Index® has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.5%. There is 0.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Schwab 1000 Index® has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $22 billion in total assets, which is above the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SNXFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Schwab 1000 Index® expense ratio is low compared to funds in the Large Blend category. Schwab 1000 Index® has an expense ratio of 0.05%, which is 94% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Schwab 1000 Index® has a portfolio turnover rate of 3%, indicating that holds its assets around 0.3 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, Schwab 1000 Index® returned -0.6%, which earned it a grade of C, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Schwab 1000 Index® has a trailing yield of 0.99%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Schwab 1000 Index® Grades
Year to date, the fund has returned 10.7%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 22.3% over the past year (grade of B), 20.5% over the past three years (grade of B) and 12.6% per year over the past five years (grade of B) and 15.2% per year over the past 10 years (grade of B).
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SNXFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SNXFX Return (NAV) | -0.6% | 15.5% | 22.3% | 20.5% | 12.6% | 15.2% |
| SNXFX Grade | C | B | B | B | B | B |
| +/- Category | -0.4% | 1.7% | 2.8% | 2.0% | 1.0% | 1.1% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| SNXFX Tax Cost Ratio | na | na | 0.5% | 0.5% | 0.5% | 0.8% |
SNXFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SNXFX Return (NAV) | 10.7% | 17.3% | 24.5% | 26.5% | -19.5% | 26.1% | 20.7% | 31.4% | -4.9% | 21.7% | 11.5% |
| SNXFX Grade | B | B | B | B | D | C | B | B | B | B | B |
| +/- Category | 1.6% | 1.4% | 2.3% | 2.8% | -2.2% | -0.4% | 3.2% | 1.6% | 1.0% | 0.4% | 1.3% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.10 - Above Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (62% Rank) |
| Beta: | 1.02 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $22234 Mil |
| Fund Total Assets: | $22,235 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 3% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.3 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Juwono Ferian (2013), Bliss Christopher (2017), Brown Jeremy (2019), Zau Agnes (2023) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 989 |
| % in Top 10 Holdings: | 36.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 99.5% |
| Foreign Stock: | 0.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.1% |
Purchase Information
| Fund Family: | Schwab Funds |
| Phone Number: | 877-824-5615 |
| Website: | www.schwab.com |
| Status: | Open |
| Inception Date: | April 2, 1991 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.05% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Schwab 1000 Index® |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
