Schwab Prime Money Market Funds invest in a range of short-term debt securities to provide high levels of safety, quality and liquidity to shareholders.
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 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 Prime Money Market Funds invest in securities issued by U.S. and foreign corporations, as well as by the U.S. government and its agencies. Securities may include commercial paper, promissory notes, certificates of deposit and time deposits, variable- and floating-rate debt securities, bank notes, repurchase agreements, and obligations that are issued by the U.S. government, its agencies or instrumentalities.
In choosing securities, Schwab fund managers seek to maximize current income within the limits of each fund’s credit, maturity and diversification policies. All of Schwab’s Money Market Funds feature extensive credit oversight, closely monitored limits and professional management by skilled money managers.