Schwab U.S. Aggregate Bond Index Fund is a passively managed mutual fund designed to provide broad exposure to the U.S. investment-grade, taxable bond market. Its primary objective is to mirror the total return of a recognized benchmark index, currently the Bloomberg US Aggregate Bond Index, by investing at least 90% of its net assets in securities represented in the index. The fund comprises a diversified portfolio with over 10,000 bonds, including U.S. Treasuries, government agency bonds, mortgage-backed securities, and investment-grade corporate bonds. This extensive bond coverage ensures representation across multiple credit qualities and maturities, with a weighted average maturity of about 8 years and an effective duration near 6 years, giving the fund intermediate-term interest rate sensitivity. Distinct features of the fund include its low expense ratio, absence of investment minimums, and core portfolio suitability, making it accessible for a wide range of investors seeking consistent income and risk moderation within diversified portfolios. With its considerable asset base and comprehensive bond market representation, the Schwab U.S. Aggregate Bond Index Fund plays a fundamental role in the fixed income sector, providing investors with a straightforward, cost-efficient means to access the performance of the broad U.S. bond market.
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