Laudus Rosenberg International Discovery Fund

A fund focused on international small/mid-cap companies.

Diversify with international investments. International stocks are a core element of a diversified portfolio.

Benefit from institutional-caliber fund management. Our fund managers have a track record of effective risk management, a key ingredient for successful investing in international and emerging markets.

Minimum Investment

Expense Ratio

Gross¹

Net²

Laudus Rosenberg International Discovery Fund Investor Shares
(LIDIX)

$100 for all account types

1.74%

1.65%

Trade

Laudus Rosenberg International Discovery Fund Select Shares
(LIDSX)

$50,000

1.34%

Trade

PLEASE READ IMPORTANT DISCLOSURES BELOW

An investor should consider carefully the fund’s investment objectives, risks, charges and expenses before investing or sending money. This and other important information about the investment company can be found in the fund’s prospectus. To obtain a prospectus, call 877-352-8387 or visit www.schwab.com/laudusfunds. Please read the prospectus carefully before investing.

1. Total Annual Fund operating expenses. Provides the expense ratio projected for this share class for the period 07/31/2009-07/31/2010. Actual Expenses are influenced by total assets and may be reduced based on contractual fee waiver by adviser.
2. Net expenses. Reflects expenses expected to be charged to shareholders through at least 07/31/2010. Advisor expects to hold expenses at this level by waiving its management fee and/or bearing other expenses.

Index figures do not include trading and management costs. Indices are unmanaged, and you cannot invest in them directly.

The Laudus Group® of Funds includes the Laudus Rosenberg, Laudus Mondrian, and Laudus Growth Investors Funds, which are part of the Laudus Trust and Laudus Institutional Trust and distributed by ALPS Distributors, Inc.; and the Laudus MarketMasters Funds®, which are part of the Schwab Capital Trust and distributed by Charles Schwab & Co., Inc. Charles Schwab & Co., Inc. and ALPS Distributors, Inc. are unaffiliated entities.

(0209-7297)