Is Schwab MarketTrack Allocation Equity Portfolio (SWEGX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2024
0mins
Source: NASDAQ.COM
Overview of Schwab MarketTrack Allocation Equity Portfolio (SWEGX): SWEGX is a Zacks Mutual Fund Rank 1 (Strong Buy) fund with a focus on diversified asset allocation, showing strong performance with a 5-year annualized return of 10.54% and lower volatility compared to its peers.
Investment Considerations: Despite its solid returns, SWEGX has higher fees (0.38% expense ratio) than the category average and a negative alpha of -3.51, indicating challenges in outperforming the benchmark; however, it remains a viable option for investors seeking balanced funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
