Fund Evaluator:
Schwab Target 2030 (SWDRX)
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Best Performing in Target-Date 2030 Over the Last Year
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| 15.1% | Fidelity Advisor Sust Trgt Dt 2030 Z (FSXFX) |
| 14.5% | T. Rowe Price Retirement 2030 (TRRCX) |
| 14.3% | Voya Index Solution 2030 Port Z (VSZCX) |
Fund Details
Schwab Target 2030 Overview
Schwab Target 2030 (SWDRX) is an actively managed Allocation Target-Date 2030 fund. Schwab Funds launched the fund in 2005.
The investment seeks to provide capital appreciation and income consistent with its current asset allocation. The fund seeks to achieve its investment objective by investing primarily in a combination of other affiliated Schwab Funds. The fund may also invest in affiliated Schwab ETFs and in unaffiliated third party mutual funds and ETFs (referred to herein as unaffiliated funds and, together with Schwab Funds and Schwab ETFs, the underlying funds). The fund invests in the underlying funds in accordance with its target portfolio allocation.
About Schwab Target 2030 (SWDRX)
There are 2 members of the management team with an average tenure of 11.23 years: Zifan Tang (2012), Patrick Kwok (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: DJ US Total Stock Market TR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Schwab Target 2030 has 23 securities in its portfolio. The top 10 holdings constitute 77.3% 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 Target 2030 is part of the Allocation global asset class and is within the Allocation fund group. Schwab Target 2030 has 25.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 38.9%. There is 16.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 43.8% (35.3% domestic bond, 8.5% foreign bond and 0.0% convertible bond). Schwab Target 2030 has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Target-Date 2030 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.
SWDRX 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 Target 2030 expense ratio is below average compared to funds in the Target-Date 2030 category. Schwab Target 2030 has an expense ratio of 0.38%, which is 42% lower than its category average, making the fund expense ratio grade a B. 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 Target 2030 has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 23% for the Target-Date 2030 category.
Recently, in the month of July 2026, Schwab Target 2030 returned -0.6%, which earned it a grade of C, as the Target-Date 2030 category had an average return of -0.7%. 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 Target 2030 has a trailing yield of 2.41%, which is below the 2.56% 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 Target 2030 Grades
Year to date, the fund has returned 5.9%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 13.0% over the past year (grade of C), 11.7% over the past three years (grade of B) and 5.9% per year over the past five years (grade of B) and 8.2% per year over the past 10 years (grade of C).
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SWDRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SWDRX Return (NAV) | -0.6% | 1.8% | 13.0% | 11.7% | 5.9% | 8.2% |
| SWDRX Grade | C | C | C | B | B | C |
| +/- Category | 0.1% | 0.1% | 0.5% | 0.6% | 0.4% | 0.3% |
| Target-Date 2030 Avg | -0.7% | 1.8% | 12.6% | 11.0% | 5.5% | 7.9% |
| SWDRX Tax Cost Ratio | na | na | 2.1% | 1.8% | 1.8% | 1.7% |
SWDRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SWDRX Return (NAV) | 5.9% | 14.9% | 10.5% | 16.4% | -17.1% | 12.5% | 13.5% | 20.4% | -7.2% | 17.5% | 5.8% |
| SWDRX Grade | D | C | A | A | D | B | C | D | D | B | F |
| +/- Category | -0.1% | 0.8% | 1.1% | 2.2% | -1.3% | 0.9% | 0.3% | -0.0% | -0.8% | 0.5% | -1.4% |
| Target-Date 2030 Avg | 6.0% | 14.0% | 9.5% | 14.2% | -15.7% | 11.6% | 13.2% | 20.5% | -6.4% | 17.1% | 7.2% |
| Risk Measures | |
| Standard Deviation: | 9.0% |
| Total Risk Index: | 0.74 - Below Average |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (63% Rank) |
| Beta: | 0.95 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1021 Mil |
| Fund Total Assets: | $1,022 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 14.4 years | |||
| Average Tenure: 11.2 years | |||
| Managers (Year): Tang Zifan (2012), Kwok Patrick (2018) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 23 |
| % in Top 10 Holdings: | 77.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 25.4% |
Portfolio Allocation |
|
| Domestic Stock: | 38.9% |
| Foreign Stock: | 16.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 35.3% |
| Foreign Bond: | 8.5% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Schwab Funds |
| Phone Number: | 877-824-5615 |
| Website: | www.schwab.com |
| Status: | Open |
| Inception Date: | July 1, 2005 |
| 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 (%): | 0.38% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Schwab Target 2030 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
