The Schwab Total Bond Market FundTM seeks high current income by tracking the performance of the Barclays U.S. Aggregate Bond Index.
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. Aggregate Bond 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.
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.
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.
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