Schwab Treasury Inflation Protected Securities Index Fund1
 

Investment Objective

The Schwab Treasury Inflation Protected Securities Index Fund’s goal is to track as closely as possible, before fees and expenses, the price and yield performance of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L).

Investment Strategy

To pursue its goal, the fund generally invests in securities that are included in the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the “Index”). The Index includes all publicly-issued U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one year remaining to maturity, are rated investment grade and have $250 million or more of outstanding face value. The TIPS in the Index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The Index is market capitalization weighted and the TIPS in the Index are updated on the last business day of each month.

It is the fund’s policy that, under normal circumstances, it will invest at least 90% of its net assets in securities included in the Index. The fund will generally give the same weight to a given security as the Index does. However, when the investment adviser believes it is in the best interest of the fund, such as to avoid purchasing odd-lots (i.e., purchasing less than the usual number of shares traded for a security), for tax considerations, or to address liquidity considerations with respect to a security, the investment adviser may cause the fund’s weighting of a security to be more or less than the Index’s weighting of the security. 

Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in its Index.  The principal types of these investments include those that the investment adviser believes will help the fund track the Index, such as investments in (a) securities that are not represented in the Index but the investment adviser anticipates will be added to the Index; (b) high-quality liquid short-term investments, such as securities issued by the U.S. government, its agencies or instrumentalities, including obligations that are not guaranteed by the U.S. Treasury, and obligations that are issued by private issuers that are guaranteed as to principal or interest by the U.S. government, its agencies or instrumentalities, and (c) investment companies. The fund may also invest in cash, cash equivalents and money market funds, and enter into repurchase agreements to minimize the difference in performance that naturally exists between an index fund and its corresponding index.

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.

Schwab Treasury Inflation Protected Securities Index Fund
Ticker Net OER2 Min. Investment
SWRSX 0.19% $100
Cumulative Growth of a $10,000 Investment (pre-tax)
Growth of $10,000 Investment as of         
Fund
Category

Investment Management Team

Matthew Hastings, CFA

Managing Director, Head of Taxable Bond Strategies
Full Bio>
 
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 Chan, CFA

Managing Director, Portfolio Manager
Full Bio>
 
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
Full Bio>
 
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.

Schwab Taxable Bond Funds

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Contact Us

Call your Schwab Funds representative at 877-824-5615