The Schwab Target 2040 Index Fund Institutional Shares (SWYGX) is a mutual fund that aims to provide investors with a diversified portfolio of stocks and bonds that align with a target retirement date of 2040. This fund is managed by Charles Schwab Investment Management and primarily invests in low-cost index funds to track the performance of various market indexes. As an institutional share class, it is designed for larger investors and may have lower fees compared to other share classes. SWYGX offers a long-term investment strategy for those planning for retirement in the year 2040.