Schwab Prime Money Market Funds
 
Investment Team & Strategy>Money Funds>Prime Money Market Funds

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 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)

Investment Strategy

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.  

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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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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Contact Us

Call your Schwab Funds representative at 877-824-5615