Michael Wagner Weighs in on Mutual Funds in U.S. News & World Report

When it comes to selecting the right mutual fund, there are specific attributes that can enhance the attractiveness of a particular fund company’s offerings. Cost, accessibility and a diverse range of options are all important factors in selecting the right fund. To help investors, U.S. News & World Report spoke with Michael Wagner, co-founder of Omnia Family Wealth, to get his take on the best Charles Schwab mutual funds in 2024.

“What I like in the Schwab fund lineup today is SWSBX,” says Michael Wagner, co-founder and chief operating officer at Omnia Family Wealth. “We want to have a healthy allocation to short-term bonds and can access that using SWSBX.” Compared to SWAGX, this fund has much lower interest rate sensitivity, with a duration of 2.6 years. It also comes in at a fairly low expense ratio of 0.06%.

“While the yield curve is still inverted, we’re not comfortable going out long and locking in rates,” Wagner says. “If you’re still on the sidelines, you’re being paid nicely to wait right now.” Case in point, SWSBX is paying a higher 30-day SEC yield of 4.4% compared to SWAGX at 4.2%. This makes the fund a viable means to keep cash relatively safe while earning competitive yields.

Read the full article here.