Schwab Short-Term Bond Market Fund™
 
Investment Team & Strategy>Bond>Taxable Bonds>Short-Term Bond Market Fund

Investment Objective

The Schwab Short-Term Bond Market FundTM seeks high current income by tracking the performance of the Barclays U.S. Government/Credit: 1-5 Years 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.

Investment Strategy

To pursue its goal, the fund primarily invests in a diversified portfolio of debt instruments that is designed to track the performance of the Barclays U.S. Government/Credit: 1-5 Years Index. The fund uses the index as a guide in structuring the fund’s portfolio and selecting its investments. However, the fund is not required to invest any percentage of its assets in the securities represented in the index. Under normal circumstances, the dollar-weighted average maturity of the fund’s portfolio is not expected to exceed three years. The fund normally invests at least 80% of its net assets in debt instruments of varying maturities. The fund invests primarily in investment-grade instruments. The fund may invest in fixed-, variable- or floating-rate debt instruments. The fund also may invest in debt instruments of domestic and foreign issuers. The fund may buy and sell portfolio securities actively. If it does, its portfolio turnover rate and transaction costs will rise, which may lower fund performance and increase the likelihood of capital gain distributions.

Schwab Short-Term Bond Market Fund
Ticker Net OER1 Min. Investment
SWBDX 0.29% $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 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.

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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