Mutual Fund Insights: Schwab CA Tax-Free Bond Fund (SWCAX)

In-depth Analysis of Schwab CA Tax-Free Bond Fund (SWCAX)

3 months 6 months 1 year 3 year 5 year

See Schwab CA Tax-Free Bond Fund (SWCAX) performance details as of January 31, 2010

  

Last Trade: $11.60 on 3/12/2010, Change: 0.00 (0%)

  

Fund Manager - John Shelton

Fund Manager Tenure: 2.3 years
Fundmojo Fund Grade: B (Score: 0.65)     (What does this score mean?)

Shelton is a portfolio manager of Charles Schwab Investment Management. He joined the firm in 2000 and has worked in fixed-income asset management since 1998. Shelton holds the Chartered Financial Analyst designation.  Get more insights on John Shelton

  

 What we like about Schwab CA Tax-Free Bond Fund (SWCAX)

Data for Schwab CA Tax-Free Bond Fund (SWCAX) as of January 31, 2010

• Schwab CA Tax-Free Bond Fund (SWCAX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
• Schwab CA Tax-Free Bond Fund (SWCAX) has good short-term performance (1-year return 7.02% vs 6.78% Muni California Interm/Short category average)
• Schwab CA Tax-Free Bond Fund (SWCAX) has good mid-term performance (3-year return 3.72% vs 3.31% Muni California Interm/Short category average)
• Schwab CA Tax-Free Bond Fund (SWCAX) has good Long-term performance (5-year return 3.52% vs 3.02% Muni California Interm/Short category average)
• Schwab CA Tax-Free Bond Fund (SWCAX) ratio of up-years vs down years is greater than 2
• Schwab CA Tax-Free Bond Fund (SWCAX) has a Morningstar rating of 4 and above
• Schwab CA Tax-Free Bond Fund (SWCAX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.31, lower than category average of 5.03
• Schwab CA Tax-Free Bond Fund (SWCAX) has a lower management fee than its Muni California Interm/Short average: 0.49% vs 0.85%
• Schwab CA Tax-Free Bond Fund (SWCAX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Schwab CA Tax-Free Bond Fund (SWCAX)

Data for Schwab CA Tax-Free Bond Fund (SWCAX) as of January 31, 2010

• Schwab CA Tax-Free Bond Fund (SWCAX) management has been with Schwab CA Tax-Free Bond Fund for only 2.3 years, it is hard to judge manager's ability based on this fund's operation record
• Schwab CA Tax-Free Bond Fund (SWCAX) has an annual stock turnover rate of 119.00% that is higher than the Muni California Interm/Short average of 40.69%. This could mean Schwab CA Tax-Free Bond is more nimble, but also signal potential high tax impact and high trading fees

See Schwab CA Tax-Free Bond Fund (SWCAX) performance details as of January 31, 2010

  

  

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Schwab CA Tax-Free Bond Fund (SWCAX) Net Asset

Track net asset change of Schwab CA Tax-Free Bond fund (SWCAX)

Date	Net Asset
01/2010	$395.30M
11/2009	$387.42M
10/2009	$368.40M

More historic net asset information on Schwab CA Tax-Free Bond Fund (SWCAX)

  

Schwab CA Tax-Free Bond Fund (SWCAX) Portfolio Allocation

Track portfolio allocation change of Schwab CA Tax-Free Bond fund (SWCAX)

Date	Cash	Stock	Bond	Other
08/2009	2.06%	0%	97.94%	0%
05/2009	0.08%	0%	99.92%	0%
02/2009	1.83%	0%	98.17%	0%

Click here to see more historic asset allocation information on Schwab CA Tax-Free Bond Fund (SWCAX)

  

Most Recent Top 10 Holdings in Schwab CA Tax-Free Bond Fund (SWCAX)

Discover what Schwab CA Tax-Free Bond Fund (SWCAX) manager is buying

31-Aug-09 Golden St Tob Securitization C Ass 6.25% [2.34%] South Orange Cnty Calif Pub Fi Spl 5.25% [1.97%] Univ Calif Revs Rev Bds 5.25% [1.81%] California Statewide Cmntys De Rev 4.5% [1.74%] California Statewide Cmntys De Rev Bd 5% [1.74%] Metropolitan Wtr Dist 5% [1.65%] San Bernardino Cnty Calif Tran Sales 4% [1.61%] San Francisco Calif Bay Area R Go Bds 5% [1.6%] Anaheim Calif Pub Fing Auth 6% [1.55%] Victor Valley Calif Cmnty Coll Go 5.375% [1.54%]

31-May-09 Golden St Tob Securitization C Ass 6.25% [2.42%] California St Econ Recover Double 5.25% [2.2%] South Orange Cnty Calif Pub Fi Spl 5.25% [2.15%] California Statewide Cmntys De Rev 4.5% [1.93%] San Francisco Calif Bay Area R Go Bds 5% [1.8%] California Statewide Cmntys De Rev Bd 5% [1.8%] San Bernardino Cnty Calif Tran Sales 4% [1.64%] Anaheim Calif Pub Fing Auth 6% [1.58%] California St Pub Wks Brd Leas Ref Le 5% [1.56%] Los Angeles Calif Dept Wtr & P Pwr Sy 5% [1.52%]

28-Feb-09 Golden St Tob Securitization C Ass 6.25% [3.07%] South Orange Cnty Calif Pub Fi Spl 5.25% [2.74%] California St Econ Recover Double 5.25% [2.52%] Los Angeles Calif Dept Wtr & P Pwr Sy 5% [2.47%] California Statewide Cmntys De Rev 4.5% [2.19%] California Statewide Cmntys De Rev Bd 5% [2.02%] San Francisco Calif Bay Area R Go Bds 5% [2.02%] Anaheim Calif Pub Fing Auth 6% [1.93%] California St Pub Wks Brd Leas Ref Le 5% [1.79%] CALIFORNIA ST G.O. BDS [1.75%]

Click here for Stock Holding Change Map in Schwab CA Tax-Free Bond Fund (SWCAX)

  

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Latest News on Schwab CA Tax-Free Bond (SWCAX)

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See more information on Schwab CA Tax-Free Bond Fund (SWCAX)

• Schwab CA Tax-Free Bond Fund Insights
• Schwab CA Tax-Free Bond Fund Performance Data
• Schwab CA Tax-Free Bond Fund News
• Schwab CA Tax-Free Bond Fund Score Explaination
• Schwab CA Tax-Free Bond Fund Manager Information
• Historic Schwab CA Tax-Free Bond Fund Asset Allocation Report
• Historic Schwab CA Tax-Free Bond Fund Top 10 Holding Tracking
• Historic Schwab CA Tax-Free Bond Fund Asset Under Management Tracking