As one of the nation's largest and most experienced money market fund asset managers, Schwab Asset Management is often recognized as an industry leader.

Here's what you should know.

The Schwab Money Funds are managed with three primary objectives in mind; stability of principal, liquidity, and a competitive rate of return.

Our funds always seek the highest yield that is consistent with capital preservation and the funds' ability to meet redemptions.

Money market funds adhere to regulatory guidelines surrounding which securities are money market fund eligible.

They mandate that money market funds pay close attention to credit quality, diversification, maturity, liquidity, and transparency.

To ensure the Schwab Money Funds adhere to these guidelines, in addition to our own strict internal requirements, we take a team-based, research-driven approach to security selection and portfolio management with a focus on risk mitigation.

Schwab Asset Management employs distinct credit research and portfolio management teams.

Our credit research team determines the creditworthiness of each issuer and approves limits with stringent investment guidelines in mind.

Our portfolio management and investment risk teams perform in-depth analysis on various factors, like interest rates, Fed policy, and liquidity.

These teams also work to maintain a stable net asset value by managing and analyzing credit and sector diversification, peer group exposure, weighted average maturity contributions, and finally, frequent stress testing.

So, what differentiates Schwab Asset Management from other money market fund managers?

First, as one of the largest managers of money market funds, we maintain economies of scale as well as access to securities supply.

Second, we intentionally separate our portfolio management and credit research teams. Why? Well, imagine the potential conflict of interest which could occur if portfolio managers were charged with the responsibility of approving the securities for the funds they also manage. 

Third, Schwab Money Funds are only available to Charles Schwab clients; we do not sell our money market funds "off-platform." This allows us to better understand our clients and their liquidity needs.

Fourth and finally, Schwab Money Funds are competitively priced compared to industry averages. Given our disciplined and dynamic investment process, deeply experienced investment teams, and focus on thoughtful risk management, we believe our funds represent a compelling value.

We invite you to review the Schwab Money Funds lineup. We provide a broad choice of prime, government, and municipal money market funds with low investment minimums and no transaction fees.

Interested in learning more about the Schwab Money Funds or Schwab Asset Management? Reach out to your financial professional who can work with you to achieve your financial goals.

Disclosures

* As of March 31, 2025, Schwab Asset Management was the 3rd largest provider of money market funds according to iMoneyNet.

† Schwab Money Funds are only available to Charles Schwab clientele, including affiliates.

‡ Source: Broadridge, using Lipper data. As of December 31, 2024, Schwab Money Fund expense ranks were in the second quartile when comparing gross expenses, excluding fee waivers.

Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can obtain a prospectus, or if available, a summary prospectus by visiting www.schwabassetmanagement.com/prospectus.  Please read it carefully before investing.

You could lose money by investing in the Schwab Money Funds. All Schwab Money Funds, apart from Schwab Government Money Market ETF, seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. All Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab Retirement Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab Treasury Obligations Money Fund, Schwab Government Money Market Portfolio and Schwab Government Money Market ETF may impose a fee upon the sale of your shares if the Fund’s board or its delegate determines that the fee is in the best interests of the Fund. An investment in the Schwab Money Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Schwab Money Funds' sponsor has no legal obligation to provide financial support to the Funds, and you should not expect that the sponsor will provide financial support to the Funds at any time.

Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value

Schwab Asset Management® is the dba name for Charles Schwab Investment Management, Inc., the investment adviser for Schwab Funds. Schwab Funds are distributed by Charles Schwab & Co., Inc. (Schwab), Member SIPC. Schwab Asset Management and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

© 2025 Charles Schwab Investment Management, Inc. All rights reserved.

0825-JJV6