Schwab Money Market Funds
 

Schwab Funds offers Government, Treasury, Prime and Tax-Fee Money Market Funds. Schwab Government and Treasury Money Market Funds invest in a range of short-term debt U.S. government securities. Schwab Prime Money Market Funds invest in high-quality, short-term money market investments issued by U.S. and foreign issuers. Schwab Tax-Free Money Market Funds invest in high-quality, short-term money market investments issued by state and municipal agencies.

Schwab Funds offers both Sweep and Purchased Money Market Funds. Sweep Money Market Funds are available for Schwab accounts that meet certain asset levels. For Schwab accounts with a Sweep Money Market Fund, uninvested cash balances are automatically swept into the Sweep Money Market Fund, and the positions in the Sweep Money Market Fund appear in the account the morning of the next business day.  Redemptions for transactions in Sweep Money Market Funds also occur automatically.  Clients must, however, actively buy or sell Purchased Money Market Funds.

Schwab Government and Treasury Money Market Funds
Sweep Purchased
Schwab Treasury Obligations Money Fund - Sweep Shares (SNTXX) Schwab Treasury Obligations Money Fund Value Advantage Shares (SNOXX)
Schwab US Treasury Money Fund (SWUXX)
Schwab Government Money Fund (SWGXX)
Schwab Prime Money Market Funds
Sweep Purchased
Schwab Money Market Fund (SWMXX) Schwab Value Advantage Money Fund - Investor Shares (SWVXX)
Schwab Cash Reserves Money Fund (SWSXX) Schwab Value Advantage Money Fund - Select Shares (SWBXX)
Schwab Advisor Cash Reserves Money Fund - Sweep Shares (SWQXX) Schwab Value Advantage Money Fund - Institutional Shares (SWAXX)
Schwab Advisor Cash Reserves Money Fund - Premier Sweep Shares (SWZXX) Schwab Value Advantage Money Fund - Institutional Prime Shares (SNAXX)
Schwab Retirement Advantage Money Fund (SWIXX)
Schwab Investor Money Fund (SWRXX, SW2XX)
Schwab Municipal and AMT Tax-Free Money Market Funds
Sweep Purchased
Schwab Municipal Money Fund - Sweep Shares (SWXXX) Schwab Municipal Money Fund - Value Advantage Shares (SWTXX)
Schwab CA Municipal Money Fund - Sweep Shares (SWCXX) Schwab Municipal Money Fund - Select Shares (SWLXX)
Schwab PA Municipal Money Fund (SWEXX) Schwab Municipal Money Fund - Institutional Shares (SWOXX)
Schwab AMT Tax-Free Money Fund - Sweep Shares (SWFXX) Schwab CA Municipal Money Fund - Value Advantage Shares (SWKXX)
Schwab MA AMT Tax-Free Money Fund (SWDXX) Schwab AMT Tax-Free Money Fund - Value Advantage Shares (SWWXX)
Schwab NJ AMT Tax-Free Money Fund (SWJXX) Schwab CA AMT Tax-Free Money Fund - Value Advantage Shares (SNKXX)
Schwab NY AMT Tax-Free Money Fund - Sweep Shares (SWNXX) Schwab NY AMT Tax-Free Money Fund - Value Advantage Shares (SWYXX)

Investment Strategy

Schwab's rigorous internal practices govern the management of our Money Market Funds. Our focus on stability of principal, liquidity and yield incorporates a stringent credit review process and closely monitored issue and issuer limits. Schwab's investment objective is to provide investors with a competitive yield without sacrificing stability of principal or liquidity.

Schwab’s Money Market Fund credit standards, weighted average maturities and on-going portfolio risk management are managed to reduce portfolio, credit and interest rate risks. Money market fund investments are managed to provide liquidity to meet redemptions. Schwab’s rigorous and disciplined investment strategy emphasizes safety and liquidity over relative performance.

Investment Management Team

Charles Schwab Investment Management (CSIM) is the investment adviser for the Schwab Money Market Funds. CSIM portfolio managers bring experience from a variety of backgrounds and work together with CSIM analysts and traders to provide a dynamic and comprehensive level of perspective and insight. Veteran portfolio managers are backed by a team of credit research analysts who provide in-depth analysis and on-going monitoring of the money market fund investments.

Investment Management Team

Linda Klingman

Managing Director and Head of Taxable Money Market Strategies
Full Bio>
 
Investment Management Bio

Linda Klingman

Managing Director and Head of Taxable Money Market Strategies

Linda Klingman is a Managing Director and Head of Taxable Money Market Strategies for Charles Schwab Investment Management, Inc. (CSIM). She leads the portfolio management team of Schwab’s prime, government, and treasury money market funds, and also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 1990, she was a senior money market trader with AIM Management, Inc. for five years. She has managed money market funds since 1988.

Ms. Klingman earned a Bachelor of Business Administration from Stephen F. Austin State University.

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Lynn Paschen

Managing Director and Senior Portfolio Manager of the Schwab Government and Treasury Money Market Funds
Full Bio>
 
Investment Management Bio

Lynn Paschen

Managing Director and Senior Portfolio Manager of the Schwab Government and Treasury Money Market Funds

Lynn Paschen is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). She is responsible for the day-to-day management of Schwab’s government and treasury money market funds. Prior to joining CSIM in 2011, Ms. Paschen held a number of positions at American Century Investments. She was most recently a portfolio manager, and from 2000 to 2003, worked as a fixed income trader. She has managed money market funds since 2003.

Ms. Paschen earned an MS in Finance from Golden Gate University, and a Bachelor of Business Administration in Finance from the University of Iowa.

 

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Michael J. Neitzke

Managing Director and Senior Portfolio Manager of the Schwab Prime Money Market Funds
Full Bio>
 
Investment Management Bio

Michael J. Neitzke

Managing Director and Senior Portfolio Manager of the Schwab Prime Money Market Funds

Michael J. Neitzke is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s prime money market funds. Prior to joining CSIM in 2001, Mr. Neitzke spent 10 years as a principal at Wells Capital Management, where he managed taxable money market funds, including SEC-registered and ERISA-qualified funds. Prior to that, he was a portfolio manager with Union Capital Advisors in Los Angeles. He has worked in the financial industry as a portfolio manager since 1986.

Mr. Neitzke earned a BS in Finance from California State University, Los Angeles.

 


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Michael Lin

Portfolio Manager of the Schwab Prime Money Market Funds
Full Bio>
 
Investment Management Bio

Michael Lin

Portfolio Manager of the Schwab Prime Money Market Funds

Michael Lin is a Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s taxable money market funds. Mr. Lin has been a portfolio manager with CSIM since 2006, and also worked in CSIM’s Fund Administration group for nearly four years, where he focused on security pricing and valuation of Schwab Funds. Prior to joining CSIM, he was a senior trader of the taxable money market funds at American Century Investments for three years.

Mr. Lin earned an MBA with an emphasis in Finance, and a BA in Finance and Banking from California State University of San Francisco.

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Jonathan Roman

Portfolio Manager of the Schwab Money Market Funds
Full Bio>
 
Investment Management Bio

Jonathan Roman

Portfolio Manager of the Schwab Money Market Funds

Jonathan Roman is a Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s taxable money market funds. Mr. Roman has been a portfolio manager with CSIM since 2010, and has held a number of positions at the firm since beginning his tenure in 2005. In 2009, he joined the Portfolio Management group as a Trader, and prior to that he worked in the Portfolio Operations and Analytics group providing trading support to the taxable money market desk.

Mr. Roman earned a BA in Economics from the University of San Francisco.

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Kevin Shaughnessy

Managing Director and Senior Portfolio Manager of the Schwab Municipal and AMT Tax-Free Money Market Funds
Full Bio>
 
Investment Management Bio

Kevin Shaughnessy

Managing Director and Senior Portfolio Manager of the Schwab Municipal and AMT Tax-Free Money Market Funds

Kevin Shaughnessy is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s national and state-specific municipal money funds. Prior to joining CSIM in 2000, Mr. Shaughnessy spent four years as a portfolio manager at Wells Capital Management, where he was responsible for managing the firm’s California municipal money fund assets, as well as short duration, private client assets.  

Mr. Shaughnessy earned an MBA in Finance, and a BS in Business Administration from the California State University, Hayward. He is a CFA charterholder, and a member of the CFA Society of San Francisco and the CFA Institute.

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Cameron Ullyatt

Managing Director and Senior Portfolio Manager of the Schwab Municipal and AMT Tax-Free Money Market Funds
Full Bio>
 
Investment Management Bio

Cameron Ullyatt

Managing Director and Senior Portfolio Manager of the Schwab Municipal and AMT Tax-Free Money Market Funds

Cameron Ullyatt is a Managing Director and Senior Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM). He is responsible for the day-to-day co-management of Schwab’s national and state-specific municipal money funds. Prior to joining CSIM in 2008, Mr. Ullyatt was a vice president and portfolio manager at Oppenheimer Funds, where he was responsible for managing the firm’s municipal money fund assets. From 1999 to 2006, Mr. Ullyatt also worked as a credit analyst in Oppenheimer Funds' municipal bond and money market departments.

Mr. Ullyatt earned an International MBA, and a BS in Business Administration from the University of Denver. He is a CFA charterholder, and a member of the CFA Society of Colorado and the CFA Institute.


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Money Market Fund Updates

Schwab Money Market Funds

Contact Us

Call your Schwab Funds representative at 877-824-5615