Schwab Announces Plans to Provide Daily Per-Share Market Values for All Domestic Money Market Funds

Fri Jan 11, 2013 4:21pm EST

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SAN FRANCISCO--(Business Wire)--
Charles Schwab Investment Management, Inc. announced today that it will begin
posting the per-share market value for all of its domestic taxable and tax-free
money market funds on a daily basis, beginning later this quarter.

http://mms.businesswire.com/bwapps/mediaserver/ViewMedia?mgid=340453&vid=4
Marie Chandoha, President of Charles Schwab Investment Management. (Photo:
Business Wire)

"As one of the largest retail providers of money market funds, we are committed
to providing transparency that helps fund shareholders understand their
investments," said Marie Chandoha, president, Charles Schwab Investment
Management. "While our decision to institute daily reporting of per-share market
value was not prompted by a significant number of requests from our clients, we
believe this more frequent reporting can serve as an indicator of the stability
of our money market products for investors looking for near real-time
information." 

Chandoha continued, "We also believe it is incumbent upon us to give our clients
this information with the context to help them know what it means and how it can
be used, and will be developing education materials that explain in
straightforward language why these numbers are being disclosed daily, how
investors can read and use the data, and why greater transparency benefits
investors." 

Schwab`s money market funds are designed for both short-term investment and
longer-term cash investing needs. The funds invest exclusively in U.S.
dollar-denominated, high-quality, short-term instruments, including but not
limited to securities issued by the federal government, corporations,
municipalities, and banks. 

The daily disclosure of per-share market values will not impact how Schwab`s
money market funds are managed, nor will it change the funds` objective to
maintain $1.00 stable Net Asset Values (NAVs). 

Schwab is the fifth largest manager of money funds in the nation.1

For more information about Schwab Money Market Funds, visit
http://www.schwab.com/public/schwab/investing/accounts_products/investment/cds_money_markets/money_market_funds
or call 1-800-435-4000. 

About Charles Schwab Investment Management

Founded in 1989, Charles Schwab Investment Management, Inc. (CSIM), a subsidiary
of The Charles Schwab Corporation, is one of the nation's largest asset
management companies with $219.3 billion in assets under management as of
December 31, 2012. It is among the country's largest money market fund managers
and is the third-largest provider of retail index funds.2 In addition to
managing Schwab`s proprietary funds, CSIM provides oversight for the
institutional-style, sub-advised Laudus Fund family. CSIM currently manages 76
mutual funds in addition to two separate account model portfolios, and 15 ETFs. 

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial
services, with more than 300 offices and 8.7 million active brokerage accounts,
1.6 million corporate retirement plan participants, 857,000 banking accounts,
and $1.92 trillion in client assets. The company was ranked `Highest in Investor
Satisfaction With Self-Directed Services` in the 2012 US Self-Directed Investor
Satisfaction StudySM from J.D Power and Associates. Through its operating
subsidiaries, the company provides a full range of securities brokerage,
banking, money management and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer subsidiary,
Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a
complete range of investment services and products including an extensive
selection of mutual funds; financial planning and investment advice; retirement
plan and equity compensation plan services; compliance and trade monitoring
solutions; referrals to independent fee-based investment advisors; and
custodial, operational and trading support for independent, fee-based investment
advisors through its Advisor Services division. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and
custody services, banking and lending services and products. Investment products
offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not
deposits or obligations of Charles Schwab Bank, and are subject to investment
risk, including the possible loss of principal invested. More information is
available at www.schwab.com and www.aboutschwab.com. 

The Charles Schwab Corporation provides services to retirement and other benefit
plans and participants through its separate but affiliated companies and
subsidiaries: Charles Schwab Bank; Charles Schwab & Co., Inc.; Charles Schwab
Investment Management, Inc.; Schwab Retirement Plan Services, Inc; Schwab
Retirement Plan Services Company; and Windhaven Investment Management Inc. Trust
and custody products and service are offered by Charles Schwab Bank. Brokerage
products and services are offered by Charles Schwab & Co., Inc. (Member SIPC).
Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services
Company provide recordkeeping and related services with respect to retirement
plans. Charles Schwab Investment Management, Inc. and Windhaven Investment
Management, Inc. are both registered with the Securities and Exchange
Commission. 

Follow us on Twitter: @charlesschwab

An investment in a money market fund is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other government agency. Although money
market mutual funds seek to preserve the value of your investment at $1.00 per
share, it is possible to lose money by investing in such funds.

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

Charles Schwab Investment Management, Inc. (`CSIM`), the investment adviser 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. 

1 Crane Data LLC, December 31, 2012 

2 Strategic Insight, November 2012

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Charles Schwab
Alison Wertheim, 415-667-0475
alison.wertheim@schwab.com
or
The Neibart Group
David Neibart, 718-875-4198
dneibart@neibartgroup.com

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