Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. Please read it carefully before investing.
Not FDIC-Insured · No Bank Guarantee · May Lose Value
*A net expense ratio lower than the gross expense ratio may reflect a cap on or contractual waiver of fund expenses. Please click on a fund’s ticker symbol for expanded information on the fund's expense waiver. Gross Expense Ratio is the total annual fund operating expenses, per the fund prospectus. Net Expense Ratio is the total annual fund operating expenses after expense reduction, per the fund prospectus.
1. The Schwab Bank Collective Trust Funds, which include the Schwab Managed Retirement Trust Funds™, Schwab Indexed Retirement Trust Funds® and Schwab Institutional Trust Funds® portfolios, ("Funds”) are collective trust funds maintained by Charles Schwab Bank ("Schwab Bank”), as trustee of the Funds. The Funds are available for investment only by eligible retirement plans and entities as more fully described in the Funds’ Declaration of Trust. The Funds are not insured by FDIC or any other type of deposit insurance; are not deposits or other obligations of, and are not guaranteed by Schwab Bank or any of its affiliates; and involve investment risks, including possible loss of principal invested. The Funds, which are not sold by prospectus, are not mutual funds and are exempt from registration and regulation under the Investment Company Act of 1940 ("1940 Act”), and their units are not registered under the Securities Act of 1933, or applicable securities laws of any state or other jurisdiction. Unit holders of the Funds are not entitled to the protections of the 1940 Act. Participation in the Funds is governed by the Schwab Bank Collective Trust Funds Declaration of Trust and the terms of the Schwab Bank Collective Trust Funds Participation Agreement.
2. Minimum investment for the Schwab Managed Retirement Trust Fund Class V is $100MM initial investment or plan assets >$400MM
3. Minimum investment for the Schwab Managed Retirement Trust Fund Class VI is $1 billion initial investment.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by clicking the "Performance" tab on each of the Fund pages.
All Schwab Money Funds with the exception of Schwab Variable Share Price Money Fund: You could lose money by investing in the Schwab Money Funds. The Schwab Money Funds seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. All Schwab Money Funds with the exception of Schwab Government Money Fund™, Schwab Government Money Market Portfolio™, and Schwab Retirement Government Money Fund™ may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Schwab Money Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Schwab Money Funds’ sponsor has no legal obligation to provide financial support to the Funds, and you should not expect that the sponsor will provide financial support to the Funds at any time.
Schwab Variable Share Price Money Fund™: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Investment value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares of ETFs bought and sold at market price which may be higher or lower than the net asset value (NAV).
Charles Schwab Investment Management, Inc. (CSIM) is the investment advisor for Schwab Funds, Laudus Funds and Schwab ETFs. Schwab Funds and Laudus Funds are distributed by Charles Schwab & Co., Inc. (Schwab), Member SIPC. Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). CSIM and Schwab, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation, and are not affiliated with SIDCO
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