Three Schwab Funds Recognized by Lipper for Best-in-Class Long-Term Performance Schwab California Tax-Free Bond Fund Earns its Fifth Win; Schwab Hedged Equity Fund and Laudus Growth Investors U.S. Large Cap Growth Fund Take Top Honors Business Wire SAN FRANCISCO -- April 23, 2013 Charles Schwab Investment Management, Inc. (CSIM) announced today that three of its mutual funds received accolades from Lipper as best-in-class over the last 10 years. For the fifth year in a row, the Schwab California Tax-Free Bond Fund (SWCAX) took top honors as Best Fund over 10 years out of 15 funds in the California Intermediate Municipal Debt Funds category. The Schwab Hedged Equity Fund (SWHEX) was named Best Fund over 10 Years for “Long/Short Equity Funds,” out of 14 funds in this category. Lipper also recognized the Laudus Growth Investors U.S. Large Cap Growth Fund (LGILX) as the Best Fund over 10 Years out of 144 funds in the “Large-Cap Growth Funds” category. “We’re so pleased that Lipper selected these funds as outperformers,” said Marie Chandoha, president and chief executive officer of CSIM. “Schwab advocates investing for the long-term, so it’s rewarding to offer investors products recognized for their consistent long-term performance.” Schwab California Tax-Free Bond Fund Launched in 1992, the Schwab California Tax-Free Bond Fund (SWCAX) seeks high current income exempt from federal and California personal income tax that is consistent with capital preservation. The fund invests primarily in investment-grade municipal securities from California issuers. In addition, the fund does not currently intend to invest in securities whose interest is subject to the federal alternative minimum tax (AMT). The fund had $463 million in assets under management as of December 31, 2012. Portfolio Managers *Ken Salinger joined CSIM in March 2008 and is Managing Director and Head of Tax-Exempt Strategies, leading the team responsible for daily trading and management of Schwab’s national and state-specific tax-free bond funds and municipal money market funds. He has been responsible for the day-to-day co-management of the fund since 2008. *John Shelton is a portfolio manager with CSIM and has day-to-day responsibility for the management of Schwab’s municipal bond funds. John joined CSIM in 2000. He has been responsible for the day-to-day co-management of the fund since 2001. Schwab Hedged Equity Fund The Schwab Hedged Equity Fund (SWHEX) seeks long-term capital appreciation over market cycles with lower volatility than the broad equity market. The fund establishes long and short equity positions in U.S. companies, typically by purchasing or selling short stocks of companies with market capitalizations of $1 billion or more at the time the stock is purchased or sold short. The fund has a portfolio optimization process to assist with portfolio construction, and uses Schwab Equity Ratings to aid in stock selection. Launched in 2002, the fund had $191 million in assets under management as of December 31, 2012. Portfolio Managers *Jonas Svallin is Managing Director and Head of Disciplined Active Equity Strategies. Since 2012 he has been responsible for the day-to-day co-management of the fund. *Paul Alan Davis is Managing Director and Senior Portfolio Manager, and responsible for the day-to-day co-management of the fund since 2006. *Wei Li, Ph.D., is a Portfolio Manager responsible for the day-to-day co-management of the fund since 2013. Laudus Growth Investors U.S. Large Cap Growth Fund The Laudus Growth Investors U.S. Large Cap Growth Fund (LGILX) seeks long-term capital appreciation. It seeks to invest in companies that possess dominant market positions and franchises, a major technological edge, or unique competitive advantage that gives them the potential to generate high returns on above-average sales and profit growth. The fund combines fundamental research and quantitative analysis to evaluate companies based on their relative performance prospects in a variety of scenarios to identify those for which the magnitude or duration of future growth are underappreciated by the market. The fund, which launched in 1997, had $1.47 billion in assets under management as of December 31, 2012. Portfolio Managers *Paul A. Graham, Managing Director of UBS Global AM, has been a co-portfolio manager of the fund since November 12, 2012 *Peter J. Bye, Executive Director of UBS Global AM, has been a co-portfolio manager of the fund since November 12, 2012 The Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. Lipper, a Thomson Reuters company, uses the Lipper Leader for Consistent Return methodology to designate award-winning funds in most individual classifications for the three-, five-, and ten-year periods. About The Lipper Fund Awards The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact firstname.lastname@example.org or visit excellence.thomsonreuters.com 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. In addition to managing Schwab’s proprietary funds, CSIM provides oversight for the 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 8.9 million active brokerage accounts, 1.6 million corporate retirement plan participants, 888,000 banking accounts, and $2.08 trillion in client assets as of March 31, 2013.The companywas 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. 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 results. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Hedged Equity Fund’s long positions can decline in value at the same time the value of the short stock increases, thereby increasing the potential for loss. The potential loss associated with short positions is much greater than the original value of the securities sold. The use of borrowing and short sales may cause the fund to have higher expenses than those of equity funds that do not use such techniques. Investment income from some municipal bond funds may be subject to certain state and local taxes and the federal alternative minimum tax. Capital gains are not exempt from federal income tax. The Laudus Group® of Funds includes the 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. ALPS Distributors, Inc. and Charles Schwab Investment Management, Inc. are unaffiliated entities. Charles Schwab Investment Management, Inc. ("CSIM"), the investment advisor 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. (0413-2580) Contact: Charles Schwab Erin Montgomery, 212-403-9271 Erin.Montgomery@schwab.com
Three Schwab Funds Recognized by Lipper for Best-in-Class Long-Term Performance
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