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Money market funds

Mutual funds designed to offer investors stability of capital, liquidity, and current income.

What we offer

We are one of the country's largest money market fund managers1, offering a broad choice of prime government, and municipal money market funds.

Prime

Primarily invests in taxable short-term obligations issued by corporations and banks, as well as repurchase agreements and asset-backed commercial paper.
 

Government and Treasury

Primarily invests in short-term U.S. government debt securities. Treasury money market funds typically limit their holdings to only U.S. Treasury obligations or repurchase agreements collateralized by U.S. Treasury securities.

Municipal

Primarily invests in short-term municipal money market securities issued by states, local governments, and other municipal agencies. Pays interest that is generally exempt from federal income tax.2

Browse Schwab Money Funds

Current yields

Current performance data of the Schwab Money Funds.

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Resources

RESOURCE

Schwab Money Funds

Mutual funds designed to offer investors stability of capital, liquidity, and current income.

INSIGHTS

Quarterly Commentary

Insightful quarterly commentary by experienced industry experts including a market overview, sector highlights, market outlook and additional developments.

Advisor tool

Fee impact simulator

Use the fee impact simulator to see the long-term effects of expenses on a portfolio.

Fee impact simulator
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Featured products

SWVXX

Schwab Prime Advantage Money Fund – Investor

SNVXX

Schwab Government Money Fund - Investor Shares

SWTXX

Schwab Municipal Money Fund - Investor Shares

1. As of March 31, 2026, Schwab Asset Management was the 4th largest provider of money market funds according to iMoneyNet.

2. Investment income on some tax-free funds may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax. Capital gains (if any) are not exempt from federal taxation.

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.

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Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any of Its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested

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