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Is Schwab Tax-Free Bond Fund (SWNTX) Worth Another Look?

Schwab Tax-Free Bond ( SWNTX ) a Zacks Ranked #2 (Buy) seeks high current income consistent with capital preservation and exempt from federal income tax. To pursue its goal, SWNTX primarily invests in investment-grade municipal securities. SWNTX normally invests at major portion of its assets in municipal securities, the interest from which is free from federal income tax (including federal alternative minimum tax). SWNTX declares dividends every business day and pays it on the last business day of every month. Capital gains are distributed annually.

The Schwab Tax-Free Bond fund, managed by Schwab Funds , carries an expense ratio of 0.49. Moreover, SWNTX requires a minimal initial investment of $100.

SWNTX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 1.77%, 3 year 2.21%, and 5 year 3.30%. To see how this fund performed compared in its category, please click here .

SWNTX's performance, as of the last filing, when compared to funds in its category was in the top 41% in 1 year, top 43% over the past 3 years, and in the 49% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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