Schwab US Large-Cap Growth Index Fund
Figures last verified October 31, 2026
Tracks the Russell 1000 Growth Index — large US growth companies.
SWLGX is Schwab's entry in the cheap-growth-index category, tracking the same Russell 1000 Growth as Fidelity's FSPGX at the same 0.035%. The portfolio is what growth indexes always are now: a mega-cap tech core with everything else as garnish, concentrated enough that the top ten names drive most of the outcome.
The use case and the warning are identical to its Fidelity twin. Use case: getting growth-style exposure for thirty-five basis points less than the average active growth manager charges to underperform it. Warning: your total-market fund is already one-third these exact stocks, so a growth fund is a concentration dial, not a diversifier — turn it knowingly or not at all.
Indexed growth-style exposure on the Schwab platform.
SWLGX alternatives & comparable funds
If you’re weighing SWLGX against the field, these are the funds most investors line it up against — same job, different provider, slightly different terms.
| Fund | Family | Expense Ratio | Minimum |
|---|---|---|---|
| SWLGX — Schwab US Large-Cap Growth Index Fund | Schwab | 0.035% | $0 |
| FSPGX — Fidelity Large Cap Growth Index Fund | Fidelity | 0.035% | $0 |
| VIGAX — Vanguard Growth Index Fund… | Vanguard | 0.05% | $3,000 |
| SWPPX — Schwab S&P 500 Index Fund | Schwab | 0.02% | $0 |
Frequently asked questions
What is the expense ratio of SWLGX?
SWLGX (Schwab US Large-Cap Growth Index Fund) has an expense ratio of 0.035%, which works out to roughly $3.50 per year for every $10,000 invested. That is very low by industry standards, where the average fund still charges well over 0.40%.
What is the minimum investment for SWLGX?
SWLGX has no minimum initial investment — you can start with any amount.
What does SWLGX invest in?
Tracks the Russell 1000 Growth Index — large US growth companies. It falls in the large growth category and is an index fund.
What are good alternatives to SWLGX?
The funds most often compared with SWLGX are FSPGX, VIGAX, SWPPX — broadly similar exposure from different providers, with small differences in fee, minimum, and portability that usually come down to which brokerage holds your account.
Expense ratio and minimum for SWLGX drawn from Schwab fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.