e497
THE
CHARLES SCHWAB FAMILY OF FUNDS
Schwab U.S. Treasury Money Fund
(the fund)
Supplement dated November 22, 2011 to the
Prospectus dated April 30, 2011
Currently, the investment adviser and its affiliates may waive
or reimburse fund fees and expenses in order to maintain a
positive net yield for the fund. The investment adviser, based
on its view of market conditions for U.S. Treasury
securities, may in the future, but not sooner than
December 22, 2011, waive or reimburse fund fees and
expenses to maintain a non-negative net yield for the fund, with
the result being that the fund may have a zero net yield.
Accordingly, the following changes are made to the Prospectus:
1. The Fund fees and
expenses Section on Page 8 is deleted and replaced in
its entirety with the following:
Fund fees
and expenses
This table describes the fees and expenses you may pay if you
buy and hold shares of the fund.
|
|
|
|
|
|
|
Shareholder fees (fees paid directly from your investment)
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|
|
|
|
|
|
|
|
|
None
|
|
|
|
|
|
|
|
|
|
|
Annual fund operating expenses (expenses that you pay
each year as a % of the value of your investment)
|
|
|
|
|
|
|
Management fees
|
|
|
0.31
|
|
|
|
Distribution (12b-1) fees
|
|
|
None
|
|
|
|
Other expenses
|
|
|
0.41
|
|
|
|
|
|
|
|
|
|
|
Total annual fund operating expenses
|
|
|
0.72
|
|
|
|
Less expense reduction
|
|
|
(0.12
|
)
|
|
|
|
|
|
|
|
|
|
Total annual fund operating expenses after expense
reduction1
|
|
|
0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
The investment adviser and its affiliates have agreed to limit
the total annual fund operating expenses (excluding interest,
taxes and certain non-routine expenses) of the fund to 0.60% for
so long as the investment adviser serves as the adviser to the
fund. This agreement may only be amended or terminated with the
approval of the funds Board of Trustees. Non-routine
expenses that are not subject to the foregoing contractual
operating expense limitation include, but are not limited to,
any reimbursement payments made by the fund to the investment
adviser
and/or its
affiliates of fund fees and expenses that were previously waived
or reimbursed by the investment adviser
and/or its
affiliates in order to maintain a non-negative net yield for the
fund.
|
|
|
2. |
The third and fourth sentences of the third paragraph of
the Fund management Section on Page 20 are
deleted and replaced in their entirety with the
following:
|
In addition to any contractual expense limitation for Schwab
Money Market Fund, Schwab Government Money Fund and Schwab Cash
Reserves, the investment adviser
and/or its
affiliates also may voluntarily waive
and/or
reimburse expenses in excess of their current fee waiver and
reimbursement commitment to the extent necessary to maintain a
positive net yield for each fund. In addition to any contractual
expense limitation for Schwab U.S. Treasury Money Fund, the
investment adviser
and/or its
affiliates also may voluntarily waive
and/or
reimburse expenses in excess of their current fee waiver and
reimbursement commitment to the extent necessary to maintain a
non-negative net yield for the fund.
PLEASE
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
REG65141 - 00 (11/11)
©
2011 All Rights Reserved
THE
CHARLES SCHWAB FAMILY OF FUNDS
Schwab U.S. Treasury Money Fund
(the fund)
Supplement dated November 22, 2011 to the
Summary Prospectus dated April 30, 2011
Currently, the investment adviser and its affiliates may waive
or reimburse fund fees and expenses in order to maintain a
positive net yield for the fund. The investment adviser, based
on its view of market conditions for U.S. Treasury
securities, may in the future, but not sooner than
December 22, 2011, waive or reimburse fund fees and
expenses to maintain a non-negative net yield for the fund, with
the result being that the fund may have a zero net yield.
Accordingly, the following changes are made to the Summary
Prospectus:
|
|
1. |
The second paragraph on Page 1 is deleted and
replaced in its entirety with the following:
|
The funds prospectus and SAI, each dated April 30,
2011, as supplemented November 22, 2011, include a more
detailed discussion of fund investment policies and the risks
associated with various fund investments. The prospectus and SAI
are incorporated by reference into the summary prospectus,
making them legally a part of the summary prospectus.
|
|
2. |
The Fund fees and expenses Section on
Page 1 is deleted and replaced in its entirety with the
following:
|
Fund fees
and expenses
This table describes the fees and expenses you may pay if you
buy and hold shares of the fund.
|
|
|
|
|
|
|
Shareholder fees
(fees paid directly from
your investment)
|
|
|
|
|
|
|
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annual fund operating
expenses (expenses that
you pay each year as a % of the value of your investment)
|
Management fees
|
|
|
0.31
|
|
|
|
Distribution (12b-1) fees
|
|
|
None
|
|
|
|
Other expenses
|
|
|
0.41
|
|
|
|
|
|
|
|
|
|
|
Total annual fund operating expenses
|
|
|
0.72
|
|
|
|
Less expense reduction
|
|
|
(0.12
|
)
|
|
|
|
|
|
|
|
|
|
Total annual fund operating expenses after expense
reduction1
|
|
|
0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
The investment adviser and its affiliates have agreed to limit
the total annual fund operating expenses (excluding interest,
taxes and certain non-routine expenses) of the fund to 0.60% for
so long as the investment adviser serves as the adviser to the
fund. This agreement may only be amended or terminated with the
approval of the funds Board of Trustees. Non-routine
expenses that are not subject to the foregoing contractual
operating expense limitation include, but are not limited to,
any reimbursement payments made by the fund to the investment
adviser and/or its affiliates of fund fees and expenses that
were previously waived or reimbursed by the investment adviser
and/or its affiliates in order to maintain a non-negative net
yield for the fund.
|
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
REG65150-00
(11/11)
©
2011 All Rights Reserved
THE
CHARLES SCHWAB FAMILY OF FUNDS
Schwab U.S. Treasury Money Fund
(the fund)
Supplement
dated November 22, 2011 to the
Statement of Additional Information dated April 30, 2011
Currently, the investment adviser and its affiliates may waive
or reimburse fund fees and expenses in order to maintain a
positive net yield for the fund. The investment adviser, based
on its view of market conditions for U.S. Treasury
securities, may in the future, but not sooner than
December 22, 2011, waive or reimburse fund fees and
expenses to maintain a non-negative net yield for the fund, with
the result being that the fund may have a zero net yield.
Accordingly, the first sentence in of the seventh paragraph on
Page 29 of the Statement of Additional Information is
deleted and replaced in its entirety with the following:
In addition to any contractual expense limitation for Schwab
Money Market Fund, Schwab Government Money Fund and Schwab Cash
Reserves, the investment adviser
and/or its
affiliates also may voluntarily waive
and/or
reimburse expenses in excess of their current fee waiver and
reimbursement commitment to the extent necessary to maintain a
positive net yield for each fund. In addition to any contractual
expense limitation for Schwab U.S. Treasury Money Fund, the
investment adviser
and/or its
affiliates also may voluntarily waive
and/or
reimburse expenses in excess of their current fee waiver and
reimbursement commitment to the extent necessary to maintain a
non-negative net yield for the fund.
PLEASE
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
REG65151-00 (11/11)
©
2011 All Rights Reserved