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The fund’s goal is to track the total return of the S&P 500® Index. Your Schwab Funds Product is just ahead. Select your role to get the most relevant experience. I advise clients or work on their behalf in asset management. I specialize in retirement services on behalf of my clients. I'm not a financial professional.

An S&P 500 ETF is simply a fund that aims to duplicate the performance of the S&P 500 Index, or one of its various sub-indexes (like the S&P 500 Growth Index tracked by IVW). The S&P 500 is market capitalization weighted, which means that the sway given to each company’s performance is based on the total market value of its outstanding shares.

The Fund will invest at least 80% of its net assets in these stocks; typically, the actual percentage is considerably higher. The Fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. No news for SWPPX in the past two years.