Midas Perpetual Portfolio MPERX

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Mutual Fund Report Card
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At-a-Glance

Performance

Risk & Tax Analysis

Portfolio

Fund Facts & Fees

Tax Cost Ratio

As of 07/31/2010

	1 yr	5 yr	10 yr
MPERX	0.35	0.81	0.67
Category Average	0.1	0.39	0.43

Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).

Example: if a fund has a 10% pre-tax return, and taxes reduce that return to 9%, then the tax cost ratio is 1.00.

Return¹

Quarterly data as of 06/30/2010

	1 yr	3 yr	5 yr	10 yr	Since Incept.
Pre-Tax	11.68	6.48	5.29	3.36	5.68
After-Tax²	11.3	5.88	4.42	2.64	3.35

Numbers are adjusted for possible sales charges, and assume reinvestment of dividends and capital gains over each time period.

Pre-liquidation (before sale of shares): includes taxes on fund's distributions of dividends and capital gains. Figures based on highest Federal income tax bracket. State and local taxes are not included.

Risk and Volatility

As of 07/31/2010

Mean	6.35	Represents the total annualized return for a fund over a 3-year time period.
Standard Deviation (%)	6.77	Measures fund's variation around its mean performance over time. Higher figures indicate greater volatility.
Sharpe Ratio (%)	0.77	Indicates reward versus risk. The higher the figure, the better the fund's historical risk-adjusted performance.
Beta (vs. benchmark index)	0.16	Beta is a statistical measure that shows a fund's volatility relative to the Standard & Poor's 500 Index for equity funds and relative to the Lehman Brothers Aggregate index for bond funds.
Alpha	6.17	Alpha is a measure of fund performance on a risk-adjusted basis. Alpha compares the risk-adjusted performance of a fund to a benchmark index (such as the S&P 500). The excess return of the fund relative to the return of the benchmark index is a fund's alpha. A positive alpha means the fund has outperformed the index on a risk-adjusted basis.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Past performance does not guarantee future performance. Investment value will fluctuate, and share, when redeemed, may be worth more or less than original cost. If an expense waiver was in place during the period, the net expense ratio was used to calculate fund performance.

Schwab’s short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab’s Mutual Fund OneSource® service (and certain other funds with no transaction fee) and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading. For trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses.

Trades in no-load mutual funds available through Mutual Funds OneSource service (including Schwab Funds) as well as certain other funds, are available without transaction fees when placed through schwab.com or our automated phone channels. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Funds are also subject to management fees and expenses.

Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies for record keeping, shareholder services and other administrative services for shares purchased through its Mutual Fund OneSource service. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes or the Alternative Minimum Tax. Actual returns depend on an investor's situation and may differ from those shown. After-tax returns may not be relevant to investors who hold their fund shares through tax-deferred arrangements. The after-tax performance figures provided above may vary from the after-tax performance figures provided by other sources if those figures include certain additional tax credits. If the sale of shares results in a capital loss that offsets capital gains or other income, post-liquidation after-tax returns may exceed pre-liquidation after-tax returns.

Except as noted below, all data provided by Morningstar, Inc. All rights reserved. The information contained herein is the proprietary information of Morningstar, Inc., and may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. Morningstar, Inc., shall not be responsible for investment decisions, damages, or other losses resulting from use of the information. Morningstar, Inc., has not granted consent for it to be considered or deemed an "expert" under the Securities Act of 1933. With respect to Schwab and Laudus Funds, Charles Schwab Investment Management, Inc. provides the following data: total net assets, actual and average annual total returns, after-tax returns, annualized quarter-end performance, top ten holdings, portfolio breakdowns, expense ratios, and, for Schwab and Laudus Mondrian bond funds, credit ratings, average maturity, 30-day SEC yield, and tax-equivalent yield.

Schwab Affiliate Funds include Schwab Funds and Laudus Funds. Schwab Funds and Laudus Funds are advised by Charles Schwab Investment Management, Inc., an affiliate of Charles Schwab & Co., Inc. Schwab Funds and the Laudus MarketMasters Funds are distributed by Charles Schwab & Co., Inc., and the Laudus Funds (except Laudus MarketMasters Funds) are distributed by ALPS Distributors, Inc. The aggregate fees Schwab or its affiliates receive from Schwab Affiliate Funds are greater than the remuneration Schwab receives from other fund companies participating in the Mutual Fund OneSource Service.