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

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

Business Wire

SAN FRANCISCO -- January 11, 2013

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.

Marie Chandoha, President of Charles Schwab Investment Management. (Photo:
Business Wire)

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 Study^SM 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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Contact:

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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