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Schwab Monthly Income Funds

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Three Funds created to coincide with your retirement income needs. Pick the Fund that’s right for you and let Schwab do the rest: Schwab Monthly Income Fund - Moderate Payout (SWJRX), Schwab Monthly Income Fund - Enhanced Payout (SWKRX), Schwab Monthly Income Fund - Maximum Payout (SWLRX).

Utilizing a fund-of-funds strategy, the Schwab Monthly Income are designed to deliver monthly income and the opportunity for growth. Investors choose the Fund that matches their asset allocation needs and let Schwab portfolio managers do the rest.

Choose your desired payout and growth potential.

Schwab Monthly Income Fund - Maximum Payout: A target payout higher than the Enhanced Payout Fund with the most conservative level of growth potential.

Schwab Monthly Income - Enhanced Payout: A target payout higher than the Moderate Payout Fund with an average level of growth potential.

Schwab Monthly Income - Moderate Payout: A target payout with the highest level of growth potential compared to other Schwab Monthly Income Funds.

Schwab Monthly Income Funds Estimated Allocation Mix

Estimated allocation mix
Asset Allocation Ranges
  Equity Fixed Income Cash and Cash Equivalents
Schwab Monthly Income Fund - Moderate Payout 20-60% 40-70% 0-10%
Schwab Monthly Income Fund - Enhanced Payout 10-40% 50-90% 0-12%
Schwab Monthly Income Fund - Maximum Payout 0-25% 60-100% 0-15%
  Anticipated Annual Payout
Fund Anticipated Annual Payout in Low Interest Rate Environment Anticipated Annual Payout in High Interest Rate Environment
Schwab Monthly Income Fund - Moderate Payout 1-3% 3-6%
Schwab Monthly Income Fund - Enhanced Payout 1-4% 4-7%
Schwab Monthly Income Fund - Maximum Payout 1-5% 5-8%

Get more for less.

All Schwab Monthly Income Funds have a $100 minimum and are competitively priced.

Fund Minimum Investment Net Expense Ratio1
Schwab Monthly Income Fund - Moderate Payout (SWJRX) $100 0.65%
Schwab Monthly Income Fund - Enhanced Payout (SWKRX) $100 0.56%
Schwab Monthly Income Fund - Maximum Payout (SWLRX) $100 0.46%

Take the next step.

Open an account to get monthly income funds that are right for you and plan for your future income needs.

Open an Account or call 800-548-5589.


Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by visiting schwabfunds.com. Please read the prospectus carefully before investing.

Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed-income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. All of these factors can subject the funds to increased loss of principal.