Schwab Managed Retirement Trusts™

The Schwab Managed Retirement Trusts (SMRTs) are bank Collective Investment Trusts (CITs) maintained by Charles Schwab Trust Bank (Schwab Trust Bank or CSTB) as trustee, established solely for the investment of assets of qualified retirement plans and certain other retirement trusts. SMRTs correspond to target retirement dates in five-year increments between 2010 and 2065. There is also SMRT Income trust for individuals in or near retirement.

Seeking to provide total return for investors in or near particular target dates, the Trusts are:
  • Composed of strategies sub-advised or managed1 by industry-recognized investment managers
  • Comprehensive investment portfolios that utilize a blend of active and passive strategies
  • Diversified through exposure to a variety of asset classes that may include, but is not limited to, domestic and international equity, emerging markets equity, global real estate, intermediate-term bond, world bond, inflation-protected bond (U.S. TIPS), short-term bond and cash equivalents
  • Structured as collective investment trusts to help limit costs for plan sponsors and investors
1. Schwab Trust Bank uses an open-architecture sub-advised approach to investing. Investments are selected based on advice received from, or products (such as mutual funds, collective investment trusts, or ETFs) offered by industry-recognized investment management firms (“sub-advisors”). The Trusts may invest in other Schwab Trust Bank CITs to access the underlying sub-advised strategies.

SMRT Details