SWPRX

About SWPRX

The Schwab Target 2060 Fund is a target-date mutual fund designed to align with the long-term retirement goals of individuals expecting to retire around the year 2060. Its core purpose is to provide a professionally managed, diversified investment solution that gradually evolves its asset allocation—starting with a focus on growth-oriented assets like equities and shifting toward more conservative holdings such as bonds and cash as the target date approaches. The fund primarily invests in a blend of affiliated Schwab mutual funds, offering exposure to domestic and international equities, real estate, and fixed income securities. This all-in-one fund structure seeks to balance risk and return based on a long-term investment timeline, handling periodic portfolio rebalancing automatically for investors. The Schwab Target 2060 Fund serves a significant role in the retirement planning market, catering to investors seeking a hands-off, age-based investment strategy that adjusts its risk profile over time to address both wealth accumulation and, ultimately, capital preservation needs as retirement nears.