Schwab Small-Cap Index Fund
U.S. stock index fund · tracks Russell 2000 Index
As of its 2026 Q2 report, Schwab Small-Cap Index Fund held 1,925 positions with $7.23B in net assets. Its ten largest holdings made up 7.9% of the fund. The SWSSX share class costs 0.04% a year. Over the 12 months to May 2026, SWSSX returned 43.2%, with dividends reinvested. In 2026 Q3 it added 242 new positions and exited 209.
The funds goal is to track the performance of a benchmark index that measures the total return of small capitalization U.S. stocks.
The fund seeks to replicate the Russell 2000 Index by holding stocks in the same weights as the index, though it may adjust weightings to minimize trading costs, manage taxes, or address liquidity, and may trade ahead of index changes. Because the fund incurs expenses and holds cash for operations, it uses futures contracts and securities lending to narrow the performance gap that naturally arises between any index fund and its benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
1.88% | $135.92M | 479.7K | $283.36 | |
GVMXXState Street Institutional US Government Money Market Fund | 1.37% | $99.22M | — | — |
Credo Technology Group Holding Ltd | 0.85% | $61.64M | 354.2K | $174.01 |
Fabrinet | 0.75% | $54.17M | 79.3K | $683.47 |
0.56% | $40.28M | 2.2M | $17.97 | |
0.53% | $38.14M | 320.1K | $119.13 | |
ECHOEchoStar Corp | 0.51% | $36.64M | 297.5K | $123.14 |
0.49% | $35.54M | 224.6K | $158.22 | |
IONQIonQ Inc | 0.47% | $34.16M | 757.0K | $45.12 |
0.47% | $33.75M | 65.5K | $515.62 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 1,925 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.73% |
| Cash & short-term | 1.09% |
| Bonds | 0.00% |
| Derivatives | -0.01% |
Look-through blends 1 underlying fund; 0.012% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
By sector
- Health Care
- 18.9%
- Financials
- 18.7%
- Industrials
- 14.0%
- Information Technology
- 12.5%
- 11 other sectors
- 35.9%
- Health Care
- 18.9%
- Financials
- 18.7%
- Industrials
- 14.0%
- Information Technology
- 12.5%
- Consumer Discretionary
- 8.9%
- Real Estate
- 5.9%
- Energy
- 4.9%
- Materials
- 3.9%
- International
- 3.8%
- Utilities
- 2.6%
- Communication Services
- 2.4%
- Consumer Staples
- 2.0%
- Cash
- 1.3%
- Other
- 0.2%
- Government
- 0.1%
How it has done
SWSSX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.90%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Schwab Small-Cap Index Fund is a U.S. equity index fund that tracks the Russell 2000 Index. 34% of SWSSX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.04%· SWSSX 0.04%
- Portfolio turnover
- 12.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
242 new· the largest 8
209 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — SWSSX, QQQ and the fund in my 401(k)?”
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