SWNTX Performance — Schwab Tax-Free Bond Fund
Data updated: 2026-07-24
SWNTX returned +1.24% year to date and +6.37% over one year to May 2026. Annualised returns are +3.65% over 3 years and +0.85% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.64% a year. In the 12 months to May 2026 the fund took in a net $80.6M, and assets reached $620.24M.
SWNTX Growth of $100
What $100 invested in Schwab Tax-Free Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | SWNTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $111 |
| 5 years (Jun 2021 – May 2026) | $104 | $104 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
SWNTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.24% |
| 1 year | +6.37% |
| 3 years (annualised) | +3.65% |
| 5 years (annualised) | +0.85% |
SWNTX Annual Returns
Calendar-year total returns of Schwab Tax-Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.24% |
| 2025 | +3.91% |
| 2024 | +1.80% |
| 2023 | +5.66% |
| 2022 | −8.04% |
| 2021 | +0.79% |
| 2020 | +4.61% |
| 2019 (Sep–Dec) | −0.22% |
SWNTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.3% | −2.2% | +0.9% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.0% | −1.6% | −0.6% | −0.2% | +0.7% | −0.3% | +0.9% | +2.2% | +1.0% | +0.3% | +0.2% |
| 2024 | −0.1% | +0.1% | +0.1% | −0.9% | −0.3% | +1.4% | +0.7% | +0.7% | +1.0% | −1.3% | +1.4% | −1.1% |
| 2023 | +2.5% | −1.9% | +1.8% | 0.0% | −0.8% | +0.8% | +0.3% | −0.8% | −2.3% | −0.9% | +4.9% | +2.2% |
| 2022 | −2.6% | −0.6% | −2.8% | −2.7% | +1.5% | −1.4% | +2.5% | −2.2% | −3.3% | −0.6% | +4.0% | +0.1% |
| 2021 | +0.5% | −1.6% | +0.5% | +0.7% | +0.3% | +0.2% | +0.8% | −0.4% | −0.8% | −0.3% | +0.7% | 0.0% |
| 2020 | +1.6% | +1.2% | −3.3% | −1.9% | +3.0% | +1.0% | +1.6% | −0.2% | −0.1% | −0.2% | +1.3% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.8% | +0.1% | +0.2% | +0.3% |
SWNTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.64%
- 3-year Sharpe ratio: -0.18 (vs 4.5% risk-free rate)
- Best month: +4.91% (Nov 2023)
- Worst month: −2.31% (Sep 2023)
SWNTX Fund Flows
Monthly money in and out of Schwab Tax-Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $80.6M
- 12-month gross sales (incl. reinvestments): $273.3M
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $20.4M | $15.1M | $5.3M |
| Apr 2026 | $19.8M | $17.0M | $2.9M |
| Mar 2026 | $25.2M | $18.7M | $6.5M |
| Feb 2026 | $21.3M | $14.6M | $6.7M |
| Jan 2026 | $31.1M | $26.1M | $5.0M |
| Dec 2025 | $25.5M | $14.2M | $11.3M |
| Nov 2025 | $30.6M | $10.1M | $20.6M |
| Oct 2025 | $20.2M | $17.2M | $3.0M |
| Sep 2025 | $22.7M | $15.2M | $7.5M |
| Aug 2025 | $22.4M | $15.4M | $7.0M |
| Jul 2025 | $20.2M | $17.0M | $3.2M |
| Jun 2025 | $14.0M | $12.2M | $1.7M |
SWNTX Assets Under Management
Net assets of Schwab Tax-Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $620.24M |
| 2026-02-28 | $616.56M |
| 2025-11-30 | $584.57M |
| 2025-08-31 | $539.49M |
| 2025-05-31 | $525.24M |
| 2025-02-28 | $592.92M |
| 2024-11-30 | $585.98M |
| 2024-08-31 | $590.62M |
| 2024-05-31 | $585.13M |
| 2024-02-29 | $611.94M |
| 2023-11-30 | $525.54M |
| 2023-08-31 | $545.41M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.