Charles Schwab Corp.'s (SCHW) Schwab fund family is one of the largest and most influential mutual fund companies in the U.S.
That's why at TheStreet.com Ratings, we took a look at the performances of the top-rated funds among the largest fund families. Today, we focus on the cream of the Schwab Funds' crop.
First on our list is the (SWINX) Schwab International Index (SWINX): As the fund's name implies, it tracks the Schwab International Index, which is a broad-based index consisting of 380 stocks concentrated predominantly in bank stocks (23%), oil & gas (9%), telecommunications (8%), insurance (7%), pharmaceuticals (7%) and electric (5%).
In terms of geographical distribution, the fund is focused in the U.K. with 21% of its holdings, followed by Japan (18%), France (11%), and Germany and Switzerland at approximately an 8% allocation each.The fund invests in major international companies and brands including HSBC (HBC), BP (BP), Toyota Motor Corp. (TM), Novartis (NVS), GlaxoSmithKline (GSK), Nestle, UBS (UBS) and Roche Holdings. With a low expense ratio of 0.69% and a minimum initial investment of $2,500, Schwab International Index gives investors a great way to play large-capitalized international stocks at a time when a slowing U.S. economy should have investors looking overseas for better performance. (SWOIX) Laudus International MarketMasters (SWOIX): This fund offers another vehicle into international markets and differs from Schwab International Index in that it has a multi-cap focus, contains 570 holdings and is not classified as an index fund despite having a larger number of holdings.