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 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 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 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)|
Schwab’s rigorous internal practices manage our Money Market Funds with a focus on safety, liquidity and yield, using a stringent credit review process and closely monitored limits. Schwab’s investment objective is to provide investors a competitive yield without sacrificing stability of principal.
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 use Schwab’s proprietary credit rating system to conduct daily surveillance of portfolio holdings.