Money Market Funds
Schwab offers a wide selection of options to manage your cash and cash investments, including a range of money market funds, and other convenient solutions.
Competitive Rates and Yields
Get a wide selection of competitive rates.
Money market funds emphasize stability of capital, liquidity and yield.
As of 10/21/2016
|Fund Name||Taxable/Tax-Free||Sweep1||Net Operating Expense Ratio2||7-Day Yield3|
|Schwab Value Advantage Money Fund® – Investor Shares (SWVXX)||Taxable||No||0.45%||0.393%|
|Schwab AMT Tax-Free Money Fund™ – Value Advantage Shares® (SWWXX)||Tax-free4||No||0.45%||0.428%|
|Schwab Cash Reserves™ (SWSXX)||Taxable||Yes||0.66%||0.215%|
|Schwab Government Money Fund™ (SWGXX)||Taxable||Yes||0.72%||0.01%|
Performance data quoted represents past performance and does not indicate future results.
Schwab sweep money market funds are designed for use in conjunction with certain Schwab accounts. Clients who qualify can designate a sweep money market fund as their account’s primary fund. Uninvested cash balances will be invested automatically in that primary fund, according to the terms and conditions of the client’s account agreement. Similarly, when the account is used to purchase other investments or make payments, shares of the primary fund will be sold automatically to cover those transactions.
1. Clients with total household assets of $500,000 or more are eligible for a sweep money market fund.
2. The investment advisor and its affiliates have agreed to limit the net operating expenses, as stated in the prospectus for each fund, for as long as the investment advisor serves as the advisor to the fund. This agreement may only be amended or terminated with the approval of the fund's Board of Trustees. The limitation excludes any non-routine expenses, such as taxes, expenses for dividends, and interest paid on securities sold short, which may result in a fund incurring net operating expenses above the limitation. Please see the prospectus for more details.
3. The investment advisor and/or its affiliates have voluntarily waived and/or reimbursed expenses in excess of their current contractual commitment in an effort to maintain a positive net yield for the fund or each share class of the fund, as applicable. These voluntary waivers and reimbursements may be modified or terminated at any time. Fee waivers and/or expense reimbursements (whether contractual or voluntary) have the effect of increasing a fund's net yield; without such fee waivers and/or expense reimbursements, the fund's seven-day yield would have been lower. Please see the prospectus for more details.
4. Dividends from the Schwab AMT Tax-Free Money Fund typically are exempt from federal income tax, including the federal alternative minimum tax (AMT).
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by clicking Investor Information or calling 800-435-4000. Please read the prospectus carefully before investing. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost
You could lose money by investing in a money market fund. All Schwab Money Funds with the exception of Schwab Variable Share Price Money Fund seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. Effective October 14, 2016, all Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab Treasury Money Fund, Schwab Treasury Obligations Fund, Schwab Retirement Government Money Fund, and Schwab Government Money Market Portfolio may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The money market fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Charles Schwab Investment Management, Inc. ("CSIM"), the investment advisor for Schwab's proprietary funds, and Charles Schwab & Co., Inc. ("Schwab"), the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
Charles Schwab & Co., Inc. is a member of the Securities Investor Protection Corporation (SIPC, which provides up to $500,000 (including $250,000 for claims for cash) of coverage when aggregated with other securities and cash held by you in the same capacity at Charles Schwab & Co., Inc. Money market mutual funds custodied at Schwab are considered securities for SIPC purposes. SIPC insurance does not provide coverage for loss of principal due to market loss.
Distributor: Charles Schwab & Co., Inc., 211 Main Street, San Francisco, CA 94105