Schwab Indexed Retirement Trusts
The Schwab Indexed Retirement Trusts™ (SIRTs) are Collective Investment Trusts (CITs) maintained by Charles Schwab Trust Bank (Schwab Trust Bank or CSTB).
Seeking to provide total return for investors at or near a particular target retirement date.
The Trusts are comprehensive investment portfolios that adjust asset allocations over time to better match the assumed changing risk tolerances and return objectives of investors over time. The SIRTs primarily use passive strategies. They are diversified through exposure to a variety of asset classes that may include, but are not limited to, U.S. and international equity, emerging markets equity, global real estate, short-term bond, intermediate-term bond, inflation-protected bond (U.S. TIPS), global bond, and cash equivalents.
The SIRT glide path.
With the goal of becoming more conservative over time, the Trust is reallocated annually to reduce equity and increase fixed income and cash equivalents allocations. The starting allocation of 97% equity and 3% fixed income and cash equivalents changes over time until it reaches 44% equity and 56% fixed income and cash equivalents at the target retirement date. At this time, the Trust will continue to reduce its allocation to equity investments for an additional 20 years, reaching its most conservative policy allocation of 28% equity and 72% fixed income and cash equivalents. At this point, the allocation is intended to remain static. At the target retirement date, it is assumed that investors will no longer contribute assets to the trust and, dependent upon each individual’s financial circumstances, will begin to gradually withdraw assets invested in the trust over time.
The values of the Trusts will fluctuate up to and after the target date. There is no guarantee the Trusts will provide adequate income at or through retirement.
Schwab Indexed Retirement Trusts
| Target Date | Unit Class I | Unit Class IV1 |
|---|---|---|
| 2010 |
Inception Date: 01/05/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2015 |
Inception Date: 01/08/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2020 |
Inception Date: 01/05/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2025 |
Inception Date: 01/08/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2030 |
Inception Date: 01/05/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2035 |
Inception Date: 01/08/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2040 |
Inception Date: 01/05/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2045 |
Inception Date: 01/08/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2050 |
Inception Date: 01/05/2009 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2055 |
Inception Date: 08/29/13 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2060 |
Inception Date: 12/21/2015 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
| 2065 |
Inception Date: 2/19/2021 Expense Ratio: 0.07%
|
Inception Date: 02/01/2021 Expense Ratio: 0.05%
|
1 To invest in SIRT Unit Class IV, by a plan either custodied or not custodied with Charles Schwab Trust Bank, a minimum initial investment of $1 billion is required.
Our industry-recognized sub-advisors:
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BlackRock -
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State Street Global Advisors