Schwab S&P 500 Index Fund SWPPX

Fund Facts & Fees

Profile

Data as of 10/31/2009

Total Assets	$8718.01 million
Inception Date	05/20/1997
Status	Open
Category	Large Blend
Index Fund	Yes
Fund Company	Schwab Funds

Management

Charles Schwab Investment Management

Since 1997

Investment Goal and Strategy

Seeks to track the total return of the S&P 500® Index by investing in leading U.S. publicly traded companies from a broad range of industries.

Schwab and the investment adviser have agreed to limit the fund's "net operating expenses" as stated in the prospectus for each fund, for so long as the investment adviser serves as the adviser to the fund. This agreement may only be amended or terminated with the approval of the fund's Board of Trustees. The limitation excludes interest, taxes, expenses for dividends and interest paid on securities sold short, and certain non-routine expenses, which may result in a fund incurring net operating expenses above the limitation.

Fees & Expenses

Data as of 10/31/2009

Annual Operating Expenses
Gross Expense Ratio	0.11%
(before waivers/reductions)
Net Expense Ratio	0.09%
(after waivers/reductions)
Category Average	1.25%
(For addt'l info on fund expense limits, see expense note in the investment goal & strategy box.)
Fund company fees
Max. Front Load	None
Max. Back Load	None
12-b-1 Fee	None
Fund's Contingent Redemption Fee	2% redemption fee on shares sold within 30 DAYS of purchase.

A net expense ratio lower than the gross expense ratio may reflect a cap on or contractual waiver of fund expenses. Please read the fund prospectus for details on limits or expiration dates for any such waivers.

Schwab Fees

Data as of 10/31/2009

Transaction Fee	No
Short-term Redemption Fee	No

Investment Minimums

Data as of 10/31/2009

	Initial	Subsequent
Basic	$100	$1
IRA	$100	$1
Custodial	$100	$1

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can view, download and print a prospectus by clicking on . 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.

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.