Schwab High Yield Municipal Bond Fund

Type: Mutual Funds Symbol: SWHYX Net Expense Ratio: 0.600%

Summary

Objective

The fund seeks to generate interest income that is not subject to federal income tax.

Highlights

  • Actively managed fund that provides investors with access to the high yield municipal bond market with a more conservative fund profile by maintaining at least a 60% allocation to investment grade holdings1
  • Seeks to provide investors with guardrails while investing in high yield municipal bonds as it has historically reduced volatility relative to its primary benchmark2
  • Historically has outperformed its primary benchmark in down markets2
  • Experienced portfolio managers, benefiting from extensive credit research, apply proprietary investment techniques and risk analyses in making investment decisions for the fund
  • No investment minimums or loads
  • SWHYX is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into SWHYX on August 10, 2020. 

Fund Details

Performance

Portfolio

Distributions