Schwab Bond Funds
 

Schwab Funds® offers a broad spectrum of taxable and tax-free bond funds to help fill the fixed income portion of a well-allocated portfolio. Investors in the Schwab bond funds can benefit from extensive credit oversight and professional portfolio management by skilled money managers.

Schwab Bond Funds Line-Up

Schwab bond funds are designed to provide income through a variety of investment strategies and bond types.

We offer a tax free bond fund that invests primarily in investment grade municipal securities, which provides investors the opportunity for income that is exempt from Federal income tax. We also manage a tax-free bond fund that invests primarily in investment grade securities from municipalities in California, which provides income that is free from Federal and California income taxes.  Neither of these funds anticipates investing in AMT securities.

For taxable income needs, we offer two US fixed income passively managed bond funds. There are also two funds that primarily invest in either GNMA or inflation-protected securities.

Investment Management Team

Charles Schwab Investment Management, Inc. (CSIM) is the investment adviser for the Schwab Bond Funds. CSIM portfolio managers bring experience from a variety of backgrounds and seek to create quality bond funds designed to deliver current income and a cushion against potential stock volatility as part of a well diversified portfolio. CSIM portfolio managers are backed by a seasoned credit research team who perform checks on each portfolio's credit risks and help establish sector outlooks.

Investment Management Team

Matthew Hastings, CFA

Managing Director, Head of Taxable Bond Strategies
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Investment Management Bio

Matthew Hastings, CFA

Managing Director, Head of Taxable Bond Strategies

Matthew Hastings is a Managing Director and Head of Taxable Bond Strategies for Charles Schwab Investment Management, Inc. (CSIM). Mr. Hastings leads the portfolio management team for Schwab’s taxable bond funds and the Schwab Fixed-Income ETFs. He also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman Brothers. He has worked in the fixed-income securities industry since 1996.

Mr. Hastings earned a BA in Economics from the University of San Diego. He is a CFA charterholder, and is a member of the CFA Society of San Francisco and the CFA Institute.

 

Steven Hung

Managing Director, Senior Portfolio Manager
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Investment Management Bio

Steven Hung

Managing Director, Senior Portfolio Manager

Steven Hung is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s taxable bond funds and the Schwab U.S. Aggregate Bond ETF. His primary focus is on corporate bonds. Prior to joining CSIM in 1999, Mr. Hung was an associate in Schwab’s management training program for nine months. In that role, he worked as a clerk on the Options Trading Floor of the Pacific Coast Stock Exchange.

Mr. Hung earned a BA in Applied Economics from the University of San Francisco, and is a member of the CFA Society of San Francisco and the CFA Institute.

Alfonso Portillo, Jr.

Managing Director, Senior Portfolio Manager
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Investment Management Bio

Alfonso Portillo, Jr.

Managing Director, Senior Portfolio Manager

Alfonso Portillo, Jr. is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s taxable bond funds and the Schwab U.S. Aggregate Bond ETF. His primary focus is securitized products. Prior to joining CSIM in 2007, Mr. Portillo worked for ten years at Pacific Investment Management Company, most recently as a vice president and member of the mortgage- and asset-backed portfolio management team. He has worked in fixed-income asset management since 1996.

Mr. Portillo earned an MBA from the Berkeley-Columbia program of the Haas School of Business at the University of California, Berkeley, and the Columbia Business School at Columbia University, and a BS in Finance from the University of Southern California.

 

Steven Chan, CFA

Managing Director, Portfolio Manager
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Investment Management Bio

Steven Chan, CFA

Managing Director, Portfolio Manager

Steven Chan is a Managing Director and Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s taxable bond funds and the Schwab Fixed-Income ETFs. His primary focus is government securities, including Treasury inflation-protected securities. Mr. Chan has been a portfolio manager with CSIM since 2007, and has held a number of positions at the firm since beginning his tenure in 1996. His previous roles include managing the Portfolio Operations and Analytics group, and working as a senior manager in Finance. Prior to joining CSIM, Mr. Chan was a manager of finance at GT Capital Management.

Mr. Chan earned a BA in Managerial Economics from the University of California, Davis. He is a CFA charterholder, and is a member of the CFA Society of San Francisco and the CFA Institute.

Brandon Matsui, CFA

Managing Director, Portfolio Manager
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Investment Management Bio

Brandon Matsui, CFA

Managing Director, Portfolio Manager

Brandon Matsui is a Managing Director and Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s taxable bond funds and the Schwab Fixed-Income ETFs. Prior to joining CSIM in 2010, Mr. Matsui was an associate portfolio manager on the Beta Management team at BNY Mellon for 11 months. Prior to that, Mr. Matsui spent five years at BlackRock Solutions, where he served as an analyst in the portfolio analytics group, and also a risk analytics manager for their corporate, asset management, and pension clients.

Mr. Matsui earned an MBA from the University of Hawaii, with an emphasis in Finance and a minor in Japanese. He is a CFA charterholder, and has also earned the Financial Risk Manager (FRM) certification.

Kenneth Salinger, CFA

Managing Director and Head of Tax Exempt Strategies
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Investment Management Bio

Kenneth Salinger, CFA

Managing Director and Head of Tax Exempt Strategies

Ken Salinger joined Schwab in March 2008 as a Managing Director and Portfolio Manager, leading the team responsible for daily trading and management of all national and state-specific tax-free bond funds. He is also responsible for overseeing the management of the Municipal Money Market Funds. Prior to joining Schwab, Ken was a Senior Portfolio Manager for Wells Capital Management, working on a team that managed over $5 billion in municipal bond assets. From 1992 until 2006, Ken worked at American Century, where he was a Vice President and Senior Portfolio Manager with responsibility for daily management of a number of national and state specific municipal bond funds. Ken holds a B.A. from the University of California at San Diego and has been a Chartered Financial Analyst since 1997.

 

John Shelton, CFA

Portfolio Manager
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Investment Management Bio

John Shelton, CFA

Portfolio Manager

John Shelton has day-to-day responsibility for the management of the Schwab Municipal Bond Funds. John joined the Municipal Portfolio Management team in August of 2000. Prior to joining the Portfolio Management Team, he was an associate in Schwab's management training program. John received a B.A. in Finance and a minor in Economics from Morehouse College. John is a member of the Association for Investment Management and Research, the California Society of Municipal Analysts and the Security Analysts of San Francisco and holds the CFA (Certified Financial Analyst) designation

Schwab Bond Funds

Contact Us

Call your Schwab Funds representative at 877-824-5615