SWPPX Mutual Fund — Schwab S&P 500 Index Fund

Schwab S&P 500 Index Fund (SWPPX)

SWPPX is a Mutual Fund. As of September 2, 2026, its distribution rate is 1.01%, its trailing-12-month yield is 0.98%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 96/100 (Safe). Total return is 1530.4% over the past 29.3 years, 133.1 points ahead of SPY at 1397.3%.

At the current 1.01% distribution rate, a $10,000 investment would generate approximately $101 per year, or $8.42 per month on an equivalent basis. Actual annual payments vary.

Schwab S&P 500 Index Fund is a mutual fund that tracks the S&P 500 Index by holding the stocks of 500 leading U.S. publicly traded companies in weightings that match the index. The fund carries a modest current distribution rate with annual distributions and has an expense ratio of 0.59%. This fund appeals to core equity investors seeking broad U.S. market exposure with low costs and minimal ongoing management.

SWPPX performance versus SPY

Data as of September 2, 2026.

Total return is 1530.4% over the past 29.3 years, 133.1 points ahead of SPY at 1397.3%. Its deepest 1-year drawdown was 8.9%.

SWPPX key facts

Data as of September 2, 2026.

Distribution Safety Score™

96 · Safe

Safety-Adjusted Yield

0.97%

Issuer

Schwab

Asset type

Mutual Fund

Asset class

Equity

Inception date

05/19/1997

Expense ratio

0.59%

Distribution rate

1.01%

Distribution frequency

Annual

Trailing yield

0.98%

Last close

$19.79

NAV

$19.95 as of 2026-06-30

Premium / discount

0.80% discount

AUM

$144,336,250,000

Average volume

0.0

Last dividend

$0.1946

Last ex-dividend date

12/12/2025

Last payment date

12/12/2025

Beta

1.0

P/E ratio

26.0496

How Dividend Vision calculates yield and returns

Distribution rate (1.01%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.98%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 2, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 2, 2026.

Primary sources: Schwab; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SWPPX risks and drawbacks

SWPPX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 8.9%.

Who may consider SWPPX — and who may not

SWPPX may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (SWPPX pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare SWPPX

SWPPX vs similar funds:

• SWPPX vs VOO
• SWPPX vs SCHD
• SWPPX vs SCHG

Frequently asked questions

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