I'm another SWYPX refugee -- got out when the NAV had only dropped 3%, when the NAV was in the $9.60s.  Last I saw it was down  to $8.20 or so.  Not good for something marketed as an alternative to "cash."

I'm wary of waiting to the end of the month.  I consider an investment-grade short term bond fund as a LOW volatility asset class  which I hold to reduce volatility, not enhance it.

I am not sure if it is toxic--but it is certainly not well.  Perhaps, dare I say, even sick. As a short term bond fund its performance seems out of sync with other such funds.  In particular a comparison with VFSTX perhpas illustrates the problem.  Part of the problem may be traceable to the fact that--per Morningstar-- VFSTX only has 12.9% in mortgage whereas SWBDX has 30.14% in mortgage.  And they are not GNMA quality--SWBDX has 29.37% in Mortgage CMO,  In addtion, note that SWBDX portfolio is weak with 5.2% of its holdings NOT rated.  In addition 14% is BBB or lower in quality.  In short it is running at a higher risk level than one might expect.  T.

Hi Ziggy/VinoSupremo, sorry for a slightly unrelated post...I'm a reporter with a business publication doing research on SWLBX and SWYPX.  I'm writing a story and am looking to speak to investors who own or had owned these funds to hear their thoughts/experience. Would you be willing to talk to me on the record about this? Email your response to bubblesanand@yahoo.com. Thanks very much!

I just sent you an e-mail asking for more info

what publication lets their reporters use yahoo accounts?

The reporter was using a yahoo account to esablish contact without revealing that a particular publication was working up a story.  It was/is legit and verified

VinoSupremo:

The reporter was using a yahoo account to esablish contact without revealing that a particular publication was working up a story.  It was/is legit and verified

 

Aaah that makes complete sense...

Sorry 'bout that

I bailed out of the fund today Apr 3.  By the way it set a new low today for no reason I could discern.

An article in today's WSJ (April 11) talks about Schwab's SWYPX--The Web Page link to the article had a lead quite similar to the title of this original post on the Schwab Short Term Bond Fund--Schwab Fund Turned Toxic

Great minds think alike? :-)