Schwab Intermediate-Term Bond Fund™1
 
Investment Team & Strategy>Bond>Taxable Bonds>Schwab Intermediate-Term Bond Fund

Investment Objective

The Schwab Intermediate-Term Bond FundTM seeks total return.

Investment Strategy

Under normal circumstances, the fund invests at least 80% of its net assets (net assets plus any borrowings for investment purposes) in debt instruments. The fund will notify its shareholders at least 60 days before changing this policy. The fund invests primarily in fixed income instruments issued by the U.S. government, its agencies or instrumentalities, and U.S. companies and entities. The fund may also invest in U.S. dollar denominated fixed income instruments issued by non-U.S. and emerging market governments, governmental agencies, companies and entities and supranational entities. Under normal circumstances, the dollar-weighted average maturity of the fund’s portfolio is expected to be between three years and ten years.

The fund may invest in fixed-, variable- or floating-rate bonds of any kind, including, government and agency bonds, corporate bonds, commercial and residential mortgage-backed securities, collateralized mortgage obligations, asset-backed securities, hybrid securities, and preferred securities.

The fund invests at least 75% of its net assets in investment grade bonds as rated by independent rating agencies, or if unrated, determined by the investment adviser to be of comparable quality. The fund may also invest up to 10% of its net assets in bonds rated below investment grade (sometimes called junk bonds) or their unrated equivalents as determined by the investment adviser. The fund may invest in bonds having ultra-short, short-, intermediate- and long-term maturities.

The fund also may invest in derivatives instruments, principally futures contracts. The fund typically uses derivatives as a substitute for taking a position in the underlying asset or as a strategy designed to manage exposure to other risks. The fund may also invest in mortgage dollar rolls.

Schwab Intermediate-Term Bond Fund™
Ticker Net OER2 Min. Investment
SWIIX 0.45% $100

Investment Management Team

Charles Schwab Investment Management's taxable fixed income strategies team actively manages the Schwab Intermediate-Term Bond Fund.

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 Hung

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

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