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Schwab Tax-Free Bond (SWNTX) Fund Ranking and Research

Ranking, Research and Recommendation of Schwab Tax-Free Bond (SWNTX) Fund

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Graph of Schwab Tax-Free Bond Fund (SWNTX) ManagerFund Manager - Kenneth Salinger

Fund Manager Information

Fund Manager Tenure: 11.8 years
Fund Family: Schwab Funds
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.6)     (What does this score mean?)
Salinger is a managing director and portfolio manger with Charles Schwab Investment Management, Inc. He joined the firm in 2008. Salinger joined Wells Capital Management in 2006. Previously, he worked with American Century Investments for 12 years. Salinger holds the Chartered Financial Analyst designation.  Get more insights on Kenneth Salinger

 

Graph of Schwab Tax-Free Bond Fund (SWNTX) ProfileSchwab Tax-Free Bond Fund (SWNTX) Profile

Fund Profile and Description

Schwab Tax-Free Bond Fund seeks high current income that is exempt from federal income tax, consistent with capital preservation. Schwab Tax-Free Bond Fund normally invests at least 80% of net assets in municipal securities, the interest from which is exempt from federal income tax, including the federal alternative minimum tax. The average dollar-weighted maturity is typically between three and 10 years. It may invest more than 25% of total assets in municipal securities financing similar projects. Schwab Tax-Free Bond Fund may invest up to 15% of assets in below investment-grade bonds. It is non-diversified.

 

Schwab Tax-Free Bond (SWNTX) Fund Strength What we like about Schwab Tax-Free Bond (SWNTX) Fund

Data for Schwab Tax-Free Bond Fund (SWNTX) as of May 30, 2016

  • Schwab Tax-Free Bond Fund (SWNTX) management has been with Schwab Tax-Free Bond Fund for 11.8 years
  • Schwab Tax-Free Bond Fund (SWNTX) has good mid-term performance (3-year return 3.25% vs 3.10% Muni National Interm category median performance)
  • Schwab Tax-Free Bond Fund (SWNTX) has good Long-term performance (5-year return 4.16% vs 4.14% Muni National Interm category median performance)
  • Schwab Tax-Free Bond Fund (SWNTX) ratio of up-years vs down years is greater than 2
  • Asset base in Schwab Tax-Free Bond Fund (SWNTX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Schwab Tax-Free Bond Fund (SWNTX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.67, lower than category average of 3.29
  • Schwab Tax-Free Bond Fund (SWNTX) has a lower expense ratio than its Muni National Interm average: 0.49% vs 0.80%
  • Schwab Tax-Free Bond Fund (SWNTX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Schwab Tax-Free Bond Fund (SWNTX) Weakness What we are cautious about Schwab Tax-Free Bond (SWNTX) Fund

Data for Schwab Tax-Free Bond Fund (SWNTX) as of May 30, 2016

  • Schwab Tax-Free Bond Fund (SWNTX) has a less-than-ideal short-term performance (1-year return 4.44% vs 4.71% Muni National Interm category median performance)
  • Schwab Tax-Free Bond Fund (SWNTX) has a Morningstar rating of 3 and below
  • Schwab Tax-Free Bond Fund (SWNTX) is less safe compared to its Muni National Interm peers
  • Schwab Tax-Free Bond Fund (SWNTX) has an annual stock turnover rate of 92.00% that is higher than the Muni National Interm average of 22.40%. This could mean Schwab Tax-Free Bond is more nimble, but also signal potential high tax impact and high trading fees
See Schwab Tax-Free Bond Fund (SWNTX) performance details as of May 30, 2016

 

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Compare Schwab Tax-Free Bond Fund (SWNTX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Schwab Tax-Free Bond1.994.443.254.16
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare Schwab Tax-Free Bond Fund (SWNTX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of Schwab Tax-Free Bond Fund (SWNTX) Net Asset TrackingSchwab Tax-Free Bond (SWNTX) Fund Net Asset

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

DateNet Asset
05/2016$686.51M
03/2016$680.66M
02/2016$654.01M
More historic net asset information on Schwab Tax-Free Bond Fund (SWNTX)

  

Graph of Schwab Tax-Free Bond Fund (SWNTX) Portfolio TrackingSchwab Tax-Free Bond (SWNTX) Fund Portfolio Allocation

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

DateCashStockBondOther
03/20166.32%0%93.68%0%
12/20153.94%0%96.06%0%
09/20155.44%0%94.56%0%
Click here to see more historic asset allocation information on Schwab Tax-Free Bond Fund (SWNTX)

 

graph of Schwab Tax-Free Bond Fund (SWNTX) Top 10 Position TrackingTop 10 Holdings in Schwab Tax-Free Bond (SWNTX) Fund

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

Mar 30, 2016
Connecticut St Health & Edl Fa Rev Bd 1% [1.02%]
New York N Y City Transitional Future 5% [0.93%]
Tobacco Settlement Fing Corp N Asset 5% [0.92%]
Will Cnty Ill Cmnty High Sch D Ref Bd 5% [0.88%]
North Carolina Med Care Commn Rev Ref 5% [0.86%]
Nevada Sys Higher Ed Univs Rev Rev Bd 5% [0.86%]
Kane Mc Henry Cook & De Kalb C Go 5.25% [0.84%]
Mississippi Dev Bk Spl Obl Spl Ob 6.875% [0.83%]
Chicago Ill O Hare Intl Arpt R Rev Re 5% [0.82%]
Miami-Dade Cnty Fla Aviation R Avia 5.5% [0.81%]

Dec 30, 2015
Tobacco Settlement Fing Corp N Asset 5% [0.98%]
New York N Y City Transitional Future 5% [0.98%]
Nevada Sys Higher Ed Univs Rev Rev Bd 5% [0.91%]
North Carolina Med Care Commn Rev Ref 5% [0.89%]
Kane Mc Henry Cook & De Kalb C Go 5.25% [0.88%]
Mississippi Dev Bk Spl Obl Spl Ob 6.875% [0.87%]
Chicago Ill O Hare Intl Arpt R Rev Re 5% [0.85%]
Miami-Dade Cnty Fla Aviation R Avia 5.5% [0.83%]
Massachusetts Bay Transn Auth 0.03% [0.78%]
San Diego Calif Uni Sch Dist 0.15% [0.77%]

Sep 29, 2015
San Diego Calif Uni Sch Dist 0.15% [1.57%]
Tobacco Settlement Fing Corp N Asset 5% [1.01%]
New York N Y City Transitional Future 5% [1%]
Nevada Sys Higher Ed Univs Rev Rev Bd 5% [0.94%]
North Carolina Med Care Commn Rev Ref 5% [0.91%]
Kane Mc Henry Cook & De Kalb C Go 5.25% [0.89%]
New York N Y City Transitional Adj 0.01% [0.88%]
Chicago Ill O Hare Intl Arpt R Rev Re 5% [0.86%]
Mississippi Dev Bk Spl Obl Spl Ob 6.875% [0.85%]
Miami-Dade Cnty Fla Aviation R Avia 5.5% [0.85%]
Click here for Stock Holding Change Map in Schwab Tax-Free Bond Fund (SWNTX)

  

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