N-Q 1 f09201nvq.txt FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-5954 The Charles Schwab Family of Funds ----------------------------------------------- (Exact name of registrant as specified in charter) 101 Montgomery Street, San Francisco, California 94104 ------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Evelyn Dilsaver The Charles Schwab Family of Funds 101 Montgomery Street, San Francisco, California 94104 ----------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (415) 627-7000 Date of fiscal year end: December 31 Date of reporting period: January 01, 2005 - March 31, 2005 ITEM 1. SCHEDULE OF INVESTMENTS. THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB CASH RESERVES(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. * Asset-backed security + Credit-enhanced security o Restricted and/or Illiquid security For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 81.3% FIXED-RATE OBLIGATIONS 161,714 161,714 12.0% VARIABLE-RATE OBLIGATIONS 23,996 23,996 7.7% OTHER INVESTMENTS 15,256 15,256 -------------------------------------------------------------------------------- 101.0% TOTAL INVESTMENTS 200,966 200,966 (1.0)% OTHER ASSETS AND LIABILITIES (1,986) -------------------------------------------------------------------------------- 100.0% NET ASSETS 198,980
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FIXED-RATE OBLIGATIONS 81.3% of net assets CERTIFICATES OF DEPOSIT 42.8% -------------------------------------------------------------------------- + ABBEY NATIONAL TREASURY SERVICES, PLC 2.70%, 04/15/05 2,000 2,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.96%, 06/01/05 2,000 2,000 BANK OF NOVA SCOTIA 2.66%, 04/07/05 5,000 5,000 BANK OF THE WEST 3.33%, 09/27/05 5,000 5,000 BANK OF TOKYO-MITSUBISHI, LTD. 2.80%, 04/28/05 5,000 5,000 BARCLAYS BANK, PLC 2.70%, 04/12/05 2,000 2,000 BNP PARIBAS 2.71%, 06/29/05 1,000 1,000 CALYON 2.61%, 04/08/05 5,000 5,000 2.95%, 08/10/05 1,000 1,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.72%, 07/05/05 4,000 4,000 CREDIT SUISSE FIRST BOSTON 2.62%, 04/01/05 1,000 1,000 2.95%, 05/31/05 3,000 3,000 DEUTSCHE BANK, AG 2.78%, 04/27/05 2,000 2,000 2.75%, 05/19/05 5,000 5,000 DEXIA CREDIT LOCAL 2.71%, 04/26/05 1,000 1,000 + HBOS TREASURY SERVICES, PLC 2.91%, 06/13/05 1,000 1,000 LANDESBANK BADEN-WURTTEMBERG 1.98%, 05/17/05 2,200 2,198 LLOYDS TSB BANK, PLC 2.71%, 04/14/05 2,000 2,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 2.63%, 04/14/05 4,000 4,000 RABOBANK NEDERLAND N.V. 2.81%, 05/03/05 3,000 3,000 ROYAL BANK OF CANADA 2.70%, 04/14/05 3,000 3,000 2.76%, 04/19/05 2,000 2,000 2.82%, 05/06/05 2,000 2,000 ROYAL BANK OF SCOTLAND, PLC 2.79%, 04/29/05 1,000 1,000 TORONTO DOMINION BANK 2.66%, 04/08/05 4,000 4,000 U.S. BANK, N.A. 2.68%, 04/07/05 4,000 4,000 UNICREDITO ITALIANO SPA 2.97%, 05/31/05 5,000 5,000 WELLS FARGO BANK, N.A. 2.83%, 05/09/05 3,000 3,000 WILMINGTON TRUST CO. 2.97%, 06/14/05 5,000 5,000 ----------- 85,198 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 37.0% -------------------------------------------------------------------------- * AMSTEL FUNDING CORP., SECTION 4(2) / 144A 2.77%, 04/15/05 3,000 2,997 *+ ASAP FUNDING LTD., SECTION 4(2) / 144A 2.69%, 04/05/05 1,000 1,000 * ATLANTIS ONE FUNDING CORP., SECTION 4(2) / 144A 2.82%, 07/11/05 1,000 992 3.25%, 09/20/05 2,000 1,969 BANK OF AMERICA CORP. 2.59%, 04/04/05 5,000 4,999 BEAR STEARNS COMPANIES, INC. 3.03%, 06/21/05 1,000 993 + CBA (DELAWARE) FINANCE, INC. 2.72%, 04/04/05 1,000 1,000 * CC (USA), INC., SECTION 3C7 / 144A 2.69%, 04/11/05 1,000 999 2.63%, 04/18/05 1,000 999 CITIGROUP GLOBAL MARKETS HOLDINGS, INC. 2.63%, 04/20/05 1,500 1,498 2.66%, 05/03/05 5,000 4,988 *+ CONCORD MINUTEMEN CAPITAL CO., SECTION 3C7 / 144A 2.80%, 07/06/05 1,000 993 2.96%, 08/08/05 1,000 990
1 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) *+ CROWN POINT CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.64%, 04/18/05 2,000 1,998 * DAKOTA CP NOTES OF CITIBANK CREDIT CARD ISSUANCE TRUST, SECTION 4(2) / 144A 2.63%, 04/06/05 3,000 2,999 2.73%, 04/12/05 1,000 999 + DANSKE CORP. 2.97%, 05/31/05 1,400 1,393 DNB NOR BANK ASA 2.88%, 05/31/05 1,400 1,393 3.25%, 09/22/05 3,000 3,000 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.68%, 04/26/05 1,000 998 *+ EDISON ASSET SECURITIZATION CORP., L.L.C., SECTION 4(2) / 144A 2.68%, 04/22/05 2,000 1,997 *+ EIFFEL FUNDING, L.L.C., SECTION 4(2) / 144A 2.95%, 05/23/05 1,000 996 *+ FAIRWAY FINANCE CO., L.L.C., SECTION 4(2) / 144A 2.96%, 07/28/05 1,000 990 GENERAL ELECTRIC CAPITAL CORP. 2.64%, 04/21/05 2,000 1,997 3.02%, 06/23/05 2,000 1,986 2.86%, 07/21/05 2,000 1,983 GENERAL ELECTRIC CAPITAL SERVICES 2.68%, 04/21/05 1,000 999 * GIRO FUNDING U. S. CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 2,000 1,998 * K2 (USA), L.L.C., SECTION 3C7 / 144A 2.61%, 04/05/05 1,250 1,250 2.84%, 07/15/05 1,000 992 + KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD., SECTION 4(2) / 144A 2.16%, 04/01/05 1,000 1,000 *+ LEXINGTON PARKER CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.17%, 04/06/05 2,000 1,999 2.88%, 07/25/05 1,000 991 * MANE FUNDING CORP., SECTION 4(2) / 144A 2.63%, 04/18/05 1,000 999 2.80%, 05/18/05 1,000 996 *+ NIEUW AMSTERDAM RECEIVABLES CORP., SECTION 4(2) / 144A 2.63%, 04/01/05 1,000 1,000 * PARK GRANADA, L.L.C., SECTION 4(2) / 144A 2.69%, 04/18/05 1,000 999 2.83%, 05/03/05 1,000 997 *+ PREFERRED RECEIVABLES FUNDING CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 2,000 1,998 + SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.81%, 07/13/05 1,000 992 *+ SCALDIS CAPITAL LTD., SECTION 4(2) / 144A 2.84%, 07/11/05 1,000 992 3.33%, 09/15/05 1,000 985 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.63%, 04/07/05 1,000 1,000 SKANDINAVISKA ENSKILDA BANKEN AB 2.81%, 07/12/05 1,000 992 + SVENSKA HANDELSBANKEN, INC. 2.67%, 04/25/05 1,500 1,497 *+ THUNDER BAY FUNDING, L.L.C., SECTION 4(2) / 144A 2.63%, 04/11/05 1,000 999 + UBS FINANCE (DELAWARE), INC. 2.71%, 04/27/05 1,700 1,697 + WESTPAC CAPITAL CORP. 2.68%, 04/25/05 1,000 998 ----------- 73,516 BANK NOTES 1.0% -------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.98%, 08/23/05 1,000 1,000 STANDARD FEDERAL BANK, N.A. 2.67%, 04/13/05 1,000 1,000 ----------- 2,000 PROMISSORY NOTES 0.5% -------------------------------------------------------------------------- o THE GOLDMAN SACHS GROUP, INC. 2.85%, 07/06/05 1,000 1,000 VARIABLE-RATE OBLIGATIONS 12.0% of net assets BARCLAYS BANK, PLC 2.74%, 04/18/05 5,000 4,998 HSH NORDBANK, AG 2.70%, 04/11/05 3,000 2,999 LANDESBANK BADEN-WURTTEMBERG 2.74%, 04/13/05 3,000 3,000 ROYAL BANK OF SCOTLAND, PLC 2.77%, 04/29/05 2,000 1,999 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.76%, 04/15/05 2,000 2,000 2.80%, 04/25/05 1,000 1,000 SOCIETE GENERALE 2.76%, 04/18/05 2,000 2,000 + TENDERFOOT SEASONAL HOUSING, L.L.C. Series B 2.91%, 04/07/05 3,000 3,000 o THE GOLDMAN SACHS GROUP, INC. 2.89%, 04/22/05 2,000 2,000 WESTLB, AG 2.80%, 04/20/05 1,000 1,000 ----------- 23,996
MATURITY AMOUNT SECURITY ($ x 1,000) OTHER INVESTMENTS 7.7% of net assets REPURCHASE AGREEMENTS 7.7% -------------------------------------------------------------------------- CREDIT SUISSE FIRST BOSTON Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $ 15,565 2.89%,issued 03/31/05 due 04/01/05 15,255 15,256
END OF INVESTMENTS. 2 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS continued At 03/31/05, the tax basis cost of the fund's investments was $200,966. The fund's portfolio holdings include restricted and/or illiquid securities worth $3,000 or 1.5% of the fund's total net assets. Also, includes other restricted but deemed liquid securities comprised of 144A, section 4(2) and 3c7 securities, worth $44,111 or 22.2% of the fund's total net assets. At March 31, 2005, portfolio holdings included restricted and/or illiquid securities as follows:
ISSUER COST/ RATE, ACQUISITION DATE, FACE AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) THE GOLDMAN SACHS GROUP, INC. 2.89%, 02/22/05,04/22/05 2,000 2,000 2.85%, 01/06/05,07/06/05 1,000 1,000 ----------- 3,000
3 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB MASSACHUSETTS MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 99.5% MUNICIPAL SECURITIES 360,454 360,454 -------------------------------------------------------------------------------- 99.5% TOTAL INVESTMENTS 360,454 360,454 0.5% OTHER ASSETS AND LIABILITIES 1,947 -------------------------------------------------------------------------------- 100.0% NET ASSETS 362,401
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 99.5% of net assets MASSACHUSETTS 96.4% AMHERST BAN 1.78%, 07/08/05 4,000 4,013 ARLINGTON School BAN 1.53%, 07/21/05 2,745 2,757 BILLERICA BAN 2.03%, 07/07/05 3,824 3,834 COHASSET BAN 1.57%, 08/12/05 5,000 5,022 CONCORD Unlimited Tax School BAN 1.63%, 09/29/05 2,000 2,013 DANVERS BAN 2.40%, 02/03/06 2,300 2,316 DIGHTON-REHOBOTH REGIONAL SD BAN 2.05%, 06/03/05 2,500 2,504 BAN Series R-1 1.64%, 06/03/05 2,000 2,005 DUXBURY BAN 2.25%, 01/13/06 2,000 2,015 EASTON BAN 1.60%, 06/10/05 2,000 2,004 EVERETT BAN 1.82%, 09/09/05 2,000 2,010 FOXBOROUGH BAN 1.63%, 06/16/05 2,500 2,506 FRAMINGHAM BAN 2.23%, 11/01/05 2,000 2,012 HAVERHILL + BAN 1.20%, 04/01/05 2,000 2,000 HUDSON BAN 1.27%, 05/13/05 3,000 3,006 LAWRENCE School BAN 2.28%, 12/22/05 2,000 2,014 MARION BAN 1.68%, 07/15/05 2,324 2,333 MARLBOROUGH BAN 1.60%, 06/16/05 2,000 2,006 MASSACHUSETTS +~@o GO Bonds Consolidated Loan of 1998 Series C 2.31%, 04/07/05 3,485 3,485 ~@o GO Bonds Consolidated Loan of 2000 Series C 2.30%, 04/07/05 8,000 8,000 +~@o GO Bonds Consolidated Loan of 2004 Series A 2.31%, 04/07/05 3,950 3,950 ~@ GO Refunding Bonds Series 2001B 2.30%, 04/07/05 4,750 4,750 ~@ GO Refunding Bonds Series 2001C 2.30%, 04/07/05 12,800 12,800 +~@o GO Refunding Bonds Series 2004A 2.30%, 04/07/05 3,000 3,000 +~@o Special Obligation RB Consolidated Loan of 2005 Series A 2.30%, 04/07/05 5,000 5,000 ~ TECP Series E 2.34%, 04/28/05 8,000 8,000 MASSACHUSETTS BAY TRANSIT AUTH +~@o General Transportation System Bonds Series 1999A 2.30%, 04/07/05 1,000 1,000 MASSACHUSETTS BAY TRANSPORTATION AUTH ~@o Sr Sales Tax Bonds Series 2004C 2.14%, 04/07/05 5,000 5,000 ~@o Sr Sales Tax Bonds Series 2005A 1.20%, 04/07/05 2,400 2,400
1 SCHWAB MASSACHUSETTS MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MASSACHUSETTS DEVELOPMENT FINANCE AGENCY +~@ Education RB (Dexter School) Series 2000 2.28%, 04/07/05 4,320 4,320 +@ First Mortgage RB (Brookhaven at Lexington) Series 2005B 2.30%, 04/07/05 5,000 5,000 +@ M/F Housing RB (Archstone Reading Apts) Series 2004A 2.33%, 04/07/05 8,000 8,000 +@ M/F Housing RB (Midway Studios) Series 2003A 2.36%, 04/07/05 5,000 5,000 +@ M/F Housing RB (Salem Heights Apts) Series 2003A 2.28%, 04/07/05 1,800 1,800 +@ M/F Housing Refunding RB (Kensington at Chelmsford) Series 2002 2.33%, 04/07/05 16,750 16,750 +@ RB (Assumption College) Series 2002A 2.28%, 04/07/05 5,470 5,470 +@ RB (Dean College) Series 1999 2.30%, 04/07/05 3,045 3,045 +@ RB (Fessenden School) Series 2001 2.33%, 04/07/05 3,000 3,000 +@ RB (Gordon College) Series 2002 2.28%, 04/07/05 8,600 8,600 ~@ RB (Phillips Academy) Series 2003 2.28%, 04/07/05 2,000 2,000 +@ RB (Third Sector New England) Series 2004A 2.28%, 04/07/05 800 800 +~@o RB (WGBH Educational Foundation) 2002A 2.30%, 04/07/05 3,000 3,000 +~@ RB (Wentworth Institute of Technology) Series 2000 2.28%, 04/07/05 2,515 2,515 +@ RB (Worcester Academy) Series 2000 2.31%, 04/07/05 4,500 4,500 +@ RB (YMCA of Greater Boston) Series 2004A 2.30%, 04/07/05 2,200 2,200 MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTH +~@o RB (Baystate Medical Ctr) Series D 2.31%, 04/07/05 25,000 25,000 +@ RB (Boston Home) Series 2002B 2.28%, 04/07/05 2,500 2,500 + RB (Harvard Pilgrim Health Care Issue) Series A 2.29%, 07/01/05 1,750 1,762 @ RB (MIT) Series 2001J-1 2.16%, 04/07/05 1,700 1,700 ~@o RB (MIT) Series K 2.31%, 04/07/05 8,800 8,800 @ RB (Williams College) Series I 1.05%, 04/01/05 3,000 3,000 +~@o RB (Winchester Hospital) Series D 2.32%, 04/07/05 6,000 6,000 MASSACHUSETTS HFA +~@ Housing Bonds Series 2003F 2.25%, 04/07/05 200 200 +~@o M/F Housing Refunding RB Series 1995A 2.30%, 04/07/05 3,780 3,780 ~@o S/F Housing Notes Series S 2.36%, 04/07/05 8,975 8,975 MASSACHUSETTS IFA +@ RB (New England College of Optometry) Series 1997 2.31%, 04/07/05 905 905 +@ RB (Williston Northampton School) Series B 2.28%, 04/07/05 3,100 3,100 MASSACHUSETTS PORT AUTH TECP Series 2003A + 2.05%, 04/05/05 2,500 2,500 + 2.00%, 05/10/05 1,000 1,000 + 2.03%, 05/10/05 4,200 4,200 TECP Series 2003B + 2.00%, 04/05/05 2,000 2,000 + 2.05%, 05/11/05 1,000 1,000 MASSACHUSETTS TURNPIKE AUTH +~@o Western Turnpike RB Series 1997A 2.31%, 04/07/05 8,500 8,500 MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST ~@o Pool Program Bonds Series 5 2.30%, 04/07/05 5,000 5,000 ~@o Water Pollution Abatement RB Subordinate Series 1999A 2.34%, 04/07/05 15,000 15,000 MASSACHUSETTS WATER RESOURCES AUTH TECP Series 1994 + 2.03%, 04/05/05 9,000 9,000 + 2.03%, 05/11/05 2,500 2,500 + 2.05%, 05/11/05 2,800 2,800 MEDWAY BAN Unlimited Tax 1.76%, 10/07/05 2,000 2,013 MENDON-UPTON REGIONAL SD BAN 2004 1.24%, 04/28/05 3,000 3,004 MILTON BAN 2.35%, 08/05/05 5,000 5,010 NASHOBA REGIONAL SD BAN 2.20%, 09/02/05 2,000 2,011 NASHOBA VALLEY TECHNICAL HIGH SD BAN 1.48%, 08/12/05 3,000 3,016 NEEDHAM BAN 2.00%, 06/15/05 2,000 2,004 NEWBURYPORT BAN 2.21%, 05/01/05 5,000 5,003 NORTH ANDOVER BAN 1.76%, 10/07/05 2,000 2,013 NORTHBOROUGH-SOUTHBOROUGH REGIONAL SD BAN 1.84%, 10/27/05 2,000 2,013
2 SCHWAB MASSACHUSETTS MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) NORWELL BAN 2.15%, 08/17/05 1,800 1,807 RALPH C. MAHAR REGIONAL SD BAN 1.69%, 07/14/05 2,000 2,007 SILVER LAKE REGIONAL SD GO BAN 1.61%, 08/26/05 5,000 5,028 SOMERVILLE GO BAN 1.44%, 08/19/05 3,000 3,015 SPRINGFIELD GO State Qualified BAN 1.75%, 06/17/05 2,500 2,507 WALTHAM BAN 2.20%, 11/15/05 2,001 2,011 WAYLAND BAN 2.00%, 09/15/05 2,000 2,011 WILLIAMSTOWN Unlimited Tax BAN 1.37%, 05/05/05 3,000 3,004 WOBURN BAN 1.19%, 04/08/05 3,000 3,000 ----------- 349,454 PUERTO RICO 3.1% GOVERNMENT DEVELOPMENT BANK OF PUERTO RICO TECP Series 1997 1.90%, 04/27/05 10,000 10,000 2.10%, 05/10/05 1,000 1,000 ----------- 11,000
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $360,454. 3 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB RETIREMENT ADVANTAGE MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. * Asset-backed security + Credit-enhanced security o Restricted and/or Illiquid security For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except for U.S. government agency coupon notes and U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 71.9% FIXED-RATE OBLIGATIONS 469,159 469,159 1.4% U.S. GOVERNMENT SECURITIES 9,000 9,000 17.9% VARIABLE-RATE OBLIGATIONS 116,959 116,959 11.5% OTHER INVESTMENTS 75,124 75,124 -------------------------------------------------------------------------------- 102.7% TOTAL INVESTMENTS 670,242 670,242 (2.7)% OTHER ASSETS AND LIABILITIES (17,525) -------------------------------------------------------------------------------- 100.0% NET ASSETS 652,717
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FIXED-RATE OBLIGATIONS 71.9% of net assets COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 40.8% -------------------------------------------------------------------------- AB SPINTAB 2.79%, 04/26/05 1,300 1,297 ALLIANCE & LEICESTER, PLC, SECTION 4(2) / 144A 3.15%, 09/08/05 2,000 1,972 *+ AMSTERDAM FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/12/05 10,000 9,992 + ANZ (Delaware), Inc. 2.76%, 04/20/05 2,000 1,997 *+ AQUINAS FUNDING, L.L.C., SECTION 4(2) / 144A 2.73%, 06/20/05 1,000 994 2.85%, 07/12/05 2,000 1,984 *+ ASAP FUNDING LTD., SECTION 4(2) / 144A 2.69%, 04/05/05 4,000 3,999 2.69%, 04/20/05 1,000 999 * ATLANTIS ONE FUNDING CORP., SECTION 4(2) / 144A 2.20%, 04/08/05 2,000 1,999 2.77%, 04/21/05 2,000 1,997 2.82%, 07/11/05 5,000 4,961 2.98%, 08/11/05 7,000 6,925 BANK OF AMERICA CORP. 2.63%, 04/11/05 2,000 1,999 BANK OF IRELAND 2.83%, 05/05/05 2,700 2,693 *+ BETA FINANCE, INC., SECTION 3C7 / 144A 2.72%, 04/21/05 4,000 3,994 * CC (USA), INC., SECTION 3C7 / 144A 2.70%, 04/11/05 2,000 1,999 2.17%, 04/13/05 1,000 999 2.63%, 04/18/05 1,000 999 CITIGROUP GLOBAL MARKETS HOLDINGS, INC. 2.63%, 04/20/05 1,000 999 2.66%, 05/02/05 12,000 11,973 *+ CONCORD MINUTEMEN CAPITAL CO., SECTION 3C7 / 144A 2.84%, 05/24/05 6,000 5,975 2.78%, 07/06/05 1,000 993 *+ CROWN POINT CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.48%, 04/20/05 1,000 999 3.32%, 09/21/05 2,521 2,481 * DAKOTA CP NOTES OF CITIBANK CREDIT CARD ISSUANCE TRUST, SECTION 4(2) / 144A 2.71%, 04/07/05 1,000 1,000 2.73%, 04/12/05 4,000 3,997 2.73%, 04/13/05 5,500 5,495 2.66%, 04/19/05 4,000 3,995 2.76%, 05/05/05 3,000 2,992 DNB NOR BANK ASA 2.68%, 04/25/05 2,000 1,996 2.97%, 05/31/05 1,588 1,580 2.98%, 06/10/05 1,500 1,491 *+ EDISON ASSET SECURITIZATION CORP., L.L.C., SECTION 4(2) / 144A 2.68%, 04/22/05 10,000 9,984 *+ EIFFEL FUNDING, L.L.C., SECTION 4(2) / 144A 2.68%, 04/22/05 1,000 998 2.82%, 04/26/05 3,000 2,994 *+ FAIRWAY FINANCE CO., L.L.C., SECTION 4(2) / 144A 2.63%, 04/13/05 3,478 3,475 2.96%, 07/28/05 1,000 990 3.23%, 09/12/05 1,294 1,275 * GALAXY FUNDING, INC., SECTION 4(2) / 144A 2.75%, 05/16/05 1,000 997 GENERAL ELECTRIC CAPITAL CORP. 2.78%, 04/28/05 5,000 4,990 3.02%, 06/23/05 14,000 13,903 2.86%, 07/21/05 6,000 5,948 * GIRO FUNDING U. S. CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 2,000 1,998 2.64%, 04/15/05 6,760 6,753
1 SCHWAB RETIREMENT ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) *+ GREYHAWK FUNDING, L.L.C., SECTION 4(2) / 144A 2.50%, 04/18/05 1,625 1,623 + HBOS Treasury Services, PLC 2.69%, 04/21/05 1,200 1,198 HSBC U.S.A., INC. 2.29%, 05/06/05 3,000 2,993 + ING (U.S.) Funding, L.L.C. 2.66%, 04/01/05 5,000 5,000 IRISH LIFE & PERMANENT, PLC, SECTION 4(2) / 144A 2.65%, 04/21/05 1,000 999 2.29%, 05/02/05 1,500 1,497 + IXIS COMMERCIAL PAPER CORP., SECTION 4(2) / 144A 2.97%, 06/21/05 1,200 1,192 2.99%, 06/22/05 1,000 993 * K2 (USA), L.L.C., SECTION 3C7 / 144A 2.64%, 04/15/05 5,000 4,995 2.70%, 04/25/05 1,000 998 + KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD., SECTION 4(2) / 144A 2.16%, 04/01/05 5,000 5,000 *+ LEXINGTON PARKER CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.98%, 08/08/05 3,000 2,968 3.07%, 08/23/05 5,000 4,939 * MANE FUNDING CORP., SECTION 4(2) / 144A 2.63%, 04/18/05 3,000 2,996 2.80%, 05/18/05 5,000 4,982 MORGAN STANLEY 2.81%, 04/26/05 5,000 4,990 2.78%, 04/27/05 4,000 3,992 * NEWCASTLE CERTIFICATES PROGRAM, SECTION 4(2) / 144A 2.78%, 04/19/05 5,000 4,993 *+ NIEUW AMSTERDAM RECEIVABLES CORP., SECTION 4(2) / 144A 2.89%, 07/13/05 3,932 3,900 + NORDEA NORTH AMERICA, INC. 3.04%, 06/22/05 5,000 4,966 *+ OLD LINE FUNDING, L.L.C., SECTION 4(2) / 144A 2.79%, 04/26/05 1,000 998 * PARK GRANADA, L.L.C., SECTION 4(2) / 144A 2.83%, 05/03/05 5,000 4,987 *+ PREFERRED RECEIVABLES FUNDING CORP., SECTION 4(2) / 144A 2.78%, 04/01/05 2,500 2,500 2.73%, 04/12/05 4,000 3,997 *+ RANGER FUNDING CO., L.L.C., SECTION 4(2) / 144A 2.75%, 04/11/05 7,763 7,757 + SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.12%, 04/05/05 5,000 4,999 *+ SCALDIS CAPITAL LTD., SECTION 4(2) / 144A 2.86%, 07/15/05 2,000 1,984 3.33%, 09/15/05 3,711 3,655 + SVENSKA HANDELSBANKEN, INC. 2.67%, 04/25/05 1,500 1,497 *+ THUNDER BAY FUNDING, L.L.C., SECTION 4(2) / 144A 2.63%, 04/15/05 3,000 2,997 2.66%, 04/21/05 1,545 1,543 *+ TICONDEROGA FUNDING, L.L.C., SECTION 4(2) / 144A 2.67%, 04/05/05 1,179 1,179 *+ TRIPLE-A ONE FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/04/05 2,000 2,000 + UBS FINANCE (DELAWARE), INC. 2.77%, 05/25/05 1,300 1,295 * WHITE PINE FINANCE, L.L.C., SECTION 3C7 / 144A 2.70%, 04/27/05 2,000 1,996 *+ WINDMILL FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/07/05 6,000 5,997 ----------- 266,665 CERTIFICATES OF DEPOSIT 27.5% -------------------------------------------------------------------------- ALLIANCE & LEICESTER, PLC 3.32%, 10/18/05 3,000 2,994 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.68%, 04/11/05 2,000 2,000 2.96%, 06/01/05 3,000 3,000 BANK OF NOVA SCOTIA 2.66%, 04/07/05 5,000 5,000 BANK OF THE WEST 2.62%, 04/01/05 4,500 4,500 BANK OF TOKYO-MITSUBISHI, LTD. 2.80%, 04/28/05 5,000 5,000 BAYERISCHE LANDESBANK GIROZENTRALE 1.71%, 05/23/05 1,000 1,000 BNP PARIBAS 1.50%, 05/06/05 1,000 1,000 CALYON 2.95%, 08/10/05 2,000 2,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.72%, 07/05/05 10,000 10,000 CREDIT SUISSE FIRST BOSTON 2.95%, 05/31/05 5,000 5,000 DEPFA BANK, PLC 3.11%, 09/01/05 2,000 2,000 DEUTSCHE BANK, AG 2.66%, 04/08/05 5,000 5,000 2.78%, 04/27/05 5,000 5,000 2.75%, 05/19/05 10,000 10,000 1.60%, 05/20/05 3,000 3,000 DEXIA BANK BELGIUM 1.50%, 05/04/05 3,000 3,000 DEXIA CREDIT LOCAL 2.71%, 04/26/05 3,000 3,000 + HBOS Treasury Services, PLC 2.91%, 06/13/05 3,000 3,000 HSBC BANK PLC 3.03%, 08/22/05 5,000 5,000 HSH NORDBANK, AG 2.12%, 06/15/05 3,000 3,000 MIZUHO CORPORATE BANK LTD. 2.97%, 05/27/05 5,000 5,000 LANDESBANK HESSEN-THURINGEN GIROZENTRALE 3.15%, 09/12/05 3,000 3,000
2 SCHWAB RETIREMENT ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) LLOYDS TSB BANK, PLC 2.71%, 04/13/05 2,000 2,000 2.71%, 04/14/05 5,000 5,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 2.63%, 04/14/05 2,000 2,000 1.50%, 05/06/05 1,000 1,000 1.51%, 05/13/05 1,000 1,000 1.60%, 05/20/05 2,000 2,000 RABOBANK NEDERLAND 2.81%, 05/03/05 3,000 3,000 ROYAL BANK OF CANADA 2.70%, 04/14/05 6,000 6,000 2.76%, 04/19/05 1,000 1,000 2.82%, 05/06/05 2,000 2,000 ROYAL BANK OF SCOTLAND, PLC 1.75%, 05/27/05 3,000 3,000 2.17%, 07/01/05 3,000 3,000 SOCIETE GENERALE 3.23%, 09/23/05 5,000 5,000 SVENSKA HANDELSBANKEN AB 2.62%, 04/13/05 5,000 5,000 TORONTO DOMINION BANK 2.30%, 05/12/05 1,000 1,000 U.S. BANK, N.A. 2.66%, 04/05/05 1,000 1,000 2.83%, 05/06/05 2,000 2,000 3.34%, 10/03/05 3,000 3,000 UBS, AG 2.66%, 04/08/05 4,000 4,000 2.71%, 07/08/05 5,000 5,000 UNICREDITO ITALIANO SPA 2.97%, 05/31/05 12,000 12,000 WASHINGTON MUTUAL BANK, FA 2.72%, 04/15/05 5,000 5,000 WELLS FARGO BANK, N.A. 2.83%, 05/10/05 9,000 9,000 WILMINGTON TRUST CO. 2.97%, 06/14/05 5,000 5,000 ----------- 179,494 BANK NOTES 2.8% -------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.98%, 08/19/05 10,000 10,000 2.98%, 08/23/05 5,000 5,000 STANDARD FEDERAL BANK, N.A. 2.67%, 04/13/05 3,000 3,000 ----------- 18,000 PROMISSORY NOTES 0.8% -------------------------------------------------------------------------- o THE GOLDMAN SACHS GROUP, INC. 2.85%, 07/06/05 5,000 5,000 U.S. GOVERNMENT SECURITIES 1.4% of net assets COUPON NOTES 1.4% -------------------------------------------------------------------------- FANNIE MAE 1.35%, 04/28/05 3,000 3,000 1.50%, 05/09/05 3,000 3,000 1.61%, 05/13/05 3,000 3,000 ----------- 9,000 VARIABLE-RATE OBLIGATIONS 17.9% of net assets BARCLAYS BANK, PLC 2.73%, 04/15/05 5,000 4,999 2.78%, 05/02/05 14,000 13,997 + BMC SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF MONTGOMERY, ALABAMA Taxable RB (Montgomery Baptist Outreach Services Corp. Project) Series 1997A 2.86%, 04/07/05 7,800 7,800 Taxable RB (Montgomery Baptist Outreach Services Corp. Project) Series 1997B 2.86%, 04/07/05 2,005 2,005 BNP PARIBAS 2.77%, 04/22/05 7,000 6,999 + CITY OF NEW BRITAIN, CONNECTICUT GO Series 2000C 2.85%, 04/07/05 4,200 4,200 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.75%, 04/14/05 3,000 2,999 FANNIE MAE 2.42%, 04/04/05 3,000 2,999 2.73%, 04/29/05 10,000 9,998 FEDERAL HOME LOAN BANK 2.64%, 04/05/05 2,000 1,999 HSH NORDBANK, AG 2.70%, 04/11/05 3,000 3,000 LANDESBANK BADEN-WURTTEMBERG 2.74%, 04/13/05 3,000 3,000 + LOANSTAR ASSETS PARTNERS II, L.P. 2.85%, 04/07/05 5,000 5,000 + MARTINEZ, CALIFORNIA M/F Housing Revenue Refunding Bond (Muirwood Garden Apartments) Series 2003A-T 2.85%, 04/07/05 2,800 2,800 + NEW YORK CITY IDA Taxable Industrial Revenue Refunding Bond (Allway Tools, Inc. Project) Series 1997 2.90%, 04/07/05 165 165 + PALM SPRINGS, CALIFORNIA COP (Downtown Parking Project) Series 2002A 2.91%, 04/07/05 8,000 8,000 ROYAL BANK OF SCOTLAND, PLC 2.77%, 04/29/05 5,000 4,999 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.76%, 04/15/05 4,000 4,000 2.80%, 04/20/05 5,000 5,000 2.80%, 05/02/05 4,000 4,000 o THE GOLDMAN SACHS GROUP, INC. 2.89%, 04/22/05 6,000 6,000 UBS, AG 2.75%, 04/18/05 5,000 5,000 *+ WACHOVIA ASSET SECURITIZATION, INC. / 144A Series 2004-HMIA Class A 2.84%, 04/25/05 3,000 3,000 WESTLB, AG 2.80%, 04/20/05 5,000 5,000 ----------- 116,959
3 SCHWAB RETIREMENT ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
MATURITY AMOUNT VALUE SECURITY ($ x 1,000) ($ x 1,000) OTHER INVESTMENTS 11.5% of net assets REPURCHASE AGREEMENTS 11.5% -------------------------------------------------------------------------------- CREDIT SUISSE FIRST BOSTON L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $68,474 2.89%, issued 03/31/05, due 04/01/05 58,129 58,124 2.63%, issued 02/08/05, due 04/07/05 9,038 9,000 MORGAN STANLEY & CO. INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $3,071 2.64%, issued 02/11/05, due 04/07/05 3,012 3,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $5,104 2.62%, issued 02/09/05, due 04/07/05 5,021 5,000 ----------- 75,124
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $670,242. The fund's portfolio holdings include restricted and/or illiquid securities worth $11,000 or 1.7% of the fund's total net assets. Also, includes other restricted but deemed liquid securities comprised of 144A, section 4(2) and 3c7 securities, worth $203,868 or 31.2% of the fund's total net assets. At March 31,2005 portfolio holdings included restricted and/or illiquid securities as follows:
ISSUER COST/ RATE, ACQUISITION DATE, FACE AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) THE GOLDMAN SACHS GROUP, INC. 2.89%, 02/22/05, 04/22/05 6,000 6,000 2.85%, 01/06/05, 07/06/05 5,000 5,000 ----------- 11,000
4 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB RETIREMENT MONEY FUND(R) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. * Asset-backed security + Credit-enhanced security o Restricted and/or Illiquid security For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except for U.S. government agency coupon notes and U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 71.8% FIXED-RATE OBLIGATIONS 355,412 355,412 1.2% U.S. GOVERNMENT SECURITIES 6,000 6,000 18.0% VARIABLE-RATE OBLIGATIONS 88,893 88,893 9.5% OTHER INVESTMENTS 46,864 46,864 -------------------------------------------------------------------------------- 100.5% TOTAL INVESTMENTS 497,169 497,169 (0.5)% OTHER ASSETS AND LIABILITIES (2,508) -------------------------------------------------------------------------------- 100.0% NET ASSETS 494,661
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FIXED-RATE OBLIGATIONS 71.8% of net assets COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 41.1% -------------------------------------------------------------------------- AB SPINTAB 2.95%, 08/08/05 3,000 2,969 ALLIANCE & LEICESTER, PLC, SECTION 4(2) / 144A 3.15%, 09/08/05 1,000 986 * AMSTEL FUNDING CORP., SECTION 4(2) / 144A 2.96%, 05/31/05 4,000 3,980 + ANZ (DELAWARE), INC. 2.76%, 04/20/05 1,000 999 *+ AQUINAS FUNDING, L.L.C., SECTION 4(2) / 144A 2.18%, 04/14/05 1,000 999 2.85%, 07/12/05 1,000 992 *+ ASAP FUNDING LTD., SECTION 4(2) / 144A 2.69%, 04/20/05 3,000 2,996 *+ ATLANTIC ASSET SECURITIZATION CORP., SECTION 4(2) / 144A 2.67%, 04/01/05 3,000 3,000 * ATLANTIS ONE FUNDING CORP., SECTION 4(2) / 144A 2.20%, 04/08/05 3,000 2,999 2.87%, 07/22/05 3,000 2,974 2.98%, 08/11/05 4,000 3,957 3.25%, 09/20/05 2,000 1,969 BANK OF AMERICA CORP. 2.59%, 04/04/05 8,000 7,998 2.63%, 04/12/05 2,000 1,998 *+ BETA FINANCE, INC., SECTION 3C7 / 144A 2.72%, 04/21/05 4,000 3,994 + CBA (DELAWARE) FINANCE, INC. 2.84%, 05/09/05 2,500 2,493 * CC (USA), INC., SECTION 3C7 / 144A 2.70%, 04/11/05 2,000 1,998 2.17%, 04/13/05 1,000 999 CITIGROUP GLOBAL MARKETS HOLDINGS, INC. 2.63%, 04/20/05 1,500 1,498 2.66%, 05/02/05 8,000 7,982 *+ CONCORD MINUTEMEN CAPITAL CO., SECTION 3C7 / 144A 2.84%, 05/24/05 1,000 996 2.83%, 07/06/05 3,000 2,978 3.01%, 08/18/05 2,000 1,977 *+ CROWN POINT CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.64%, 04/18/05 4,000 3,995 2.48%, 04/20/05 2,000 1,997 * DAKOTA CP NOTES OF CITIBANK CREDIT CARD ISSUANCE TRUST, SECTION 4(2) / 144A 2.64%, 04/06/05 3,000 2,999 2.71%, 04/07/05 1,000 1,000 2.73%, 04/12/05 4,000 3,997 2.66%, 04/19/05 2,000 1,997 + DANSKE CORP. 2.65%, 04/05/05 3,800 3,799 DNB NOR BANK ASA 2.64%, 06/09/05 1,500 1,492 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.68%, 04/26/05 3,000 2,994 *+ EDISON ASSET SECURITIZATION CORP., L.L.C., SECTION 4(2) / 144A 2.60%, 04/01/05 8,000 8,000 *+ EIFFEL FUNDING, L.L.C., SECTION 4(2) / 144A 2.68%, 04/22/05 2,000 1,997 *+ FAIRWAY FINANCE CO., L.L.C., SECTION 4(2) / 144A 2.63%, 04/13/05 5,397 5,392 * GALAXY FUNDING, INC., SECTION 4(2) / 144A 2.61%, 04/07/05 4,000 3,998 GENERAL ELECRIC CAPITAL SERVICES 2.68%, 04/21/05 5,000 4,993 GENERAL ELECTRIC CAPITAL CORP. 2.64%, 04/21/05 6,000 5,991 2.86%, 07/21/05 3,000 2,974
1 SCHWAB RETIREMENT MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) * GIRO FUNDING U. S. CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 4,000 3,997 2.64%, 04/15/05 2,000 1,998 HSBC U.S.A., INC. 2.29%, 05/06/05 2,000 1,996 IRISH LIFE & PERMANENT, PLC, SECTION 4(2) / 144A 2.29%, 05/02/05 2,000 1,996 * K2 (USA), L.L.C., Section 3C7 / 144A 2.92%, 07/07/05 2,000 1,984 2.84%, 07/15/05 2,000 1,984 3.25%, 09/19/05 1,000 985 + KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD., SECTION 4(2) / 144A 2.60%, 06/06/05 2,000 1,991 *+ LEXINGTON PARKER CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.98%, 08/08/05 2,000 1,979 3.07%, 08/23/05 2,000 1,976 * MANE FUNDING CORP., SECTION 4(2) / 144A 2.80%, 05/18/05 4,000 3,985 MORGAN STANLEY 2.78%, 04/27/05 1,000 998 * NEWCASTLE CERTIFICATES PROGRAM, SECTION 4(2) / 144A 2.69%, 04/06/05 3,300 3,299 2.78%, 04/19/05 1,000 999 + NORDEA NORTH AMERICA, INC. 2.69%, 04/25/05 2,975 2,970 2.70%, 04/25/05 2,700 2,695 * PARK GRANADA, L.L.C., SECTION 4(2) / 144A 2.83%, 05/03/05 5,000 4,987 + SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.12%, 04/05/05 3,000 2,999 *+ SCALDIS CAPITAL LTD., SECTION 4(2) / 144A 2.84%, 07/11/05 1,896 1,881 2.86%, 07/15/05 2,000 1,984 3.33%, 09/27/05 4,986 4,905 SKANDINAVISKA ENSKILDA BANKEN AB 2.81%, 07/12/05 2,000 1,984 3.25%, 09/16/05 2,000 1,970 *+ THUNDER BAY FUNDING, L.L.C., SECTION 4(2) / 144A 2.63%, 04/15/05 2,216 2,214 2.66%, 04/21/05 2,000 1,997 *+ TICONDEROGA FUNDING, L.L.C., SECTION 4(2) / 144A 2.67%, 04/04/05 1,736 1,736 2.68%, 04/07/05 6,367 6,364 *+ TRIPLE-A ONE FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/04/05 3,000 2,999 + UBS FINANCE (DELAWARE), INC. 2.77%, 05/26/05 1,100 1,095 + WESTPAC CAPITAL CORP. 2.63%, 04/11/05 1,075 1,074 * WHITE PINE FINANCE, L.L.C., SECTION 3C7 / 144A 2.70%, 04/27/05 2,565 2,560 *+ WINDMILL FUNDING CORP., SECTION 4(2) / 144A 2.79%, 04/28/05 5,500 5,489 ----------- 203,416 CERTIFICATES OF DEPOSIT 28.3% -------------------------------------------------------------------------- + ABBEY NATIONAL TREASURY SERVICES, PLC 2.70%, 04/15/05 5,000 5,000 ALLIANCE & LEICESTER, PLC 3.32%, 10/18/05 2,000 1,996 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.64%, 04/14/05 6,000 6,000 BANK OF NOVA SCOTIA 2.66%, 04/07/05 5,000 5,000 BANK OF THE WEST 2.62%, 04/01/05 1,000 1,000 3.33%, 09/27/05 4,000 4,000 BANK OF TOKYO-MITSUBISHI, LTD. 2.80%, 04/28/05 5,000 5,000 BARCLAYS BANK, PLC 2.70%, 04/12/05 3,000 3,000 BAYERISCHE LANDESBANK GIROZENTRALE 1.71%, 05/23/05 1,000 1,000 BNP PARIBAS 1.50%, 05/06/05 2,000 2,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.72%, 07/05/05 7,000 7,000 CREDIT SUISSE FIRST BOSTON 2.95%, 05/31/05 2,000 2,000 DEPFA BANK, PLC 3.11%, 09/01/05 2,000 2,000 DEUTSCHE BANK, AG 2.66%, 04/08/05 5,000 5,000 2.78%, 04/27/05 5,000 5,000 2.75%, 05/19/05 5,000 5,000 1.60%, 05/20/05 2,000 2,000 DEXIA BANK BELGIUM 1.50%, 05/04/05 1,000 1,000 DEXIA CREDIT LOCAL 2.71%, 04/26/05 3,000 3,000 DNB NOR BANK ASA 3.25%, 09/22/05 2,000 2,000 + HBOS Treasury Services, PLC 2.91%, 06/13/05 2,000 2,000 2.73%, 06/29/05 2,000 2,000 HSH NORDBANK, AG 2.12%, 06/15/05 2,000 2,000 LANDESBANK HESSEN-THURINGEN GIROZENTRALE 3.15%, 09/12/05 2,000 2,000 LLOYDS TSB BANK, PLC 2.71%, 04/13/05 2,000 2,000 2.71%, 04/14/05 5,000 5,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 1.51%, 05/13/05 1,000 1,000 1.60%, 05/20/05 2,000 2,000 RABOBANK NEDERLAND 2.81%, 05/03/05 2,000 2,000 ROYAL BANK OF CANADA 2.70%, 04/14/05 3,000 3,000 2.82%, 05/06/05 2,000 2,000 ROYAL BANK OF SCOTLAND, PLC 1.75%, 05/27/05 2,000 2,000
2 SCHWAB RETIREMENT MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.17%, 07/01/05 2,000 2,000 SOCIETE GENERALE 3.23%, 09/23/05 5,000 5,000 SVENSKA HANDELSBANKEN AB 2.62%, 04/13/05 4,000 4,000 TORONTO DOMINION BANK 2.30%, 05/12/05 2,000 2,000 U.S. BANK, N.A. 2.66%, 04/05/05 2,000 2,000 UBS, AG 2.60%, 04/04/05 3,000 3,000 2.66%, 04/08/05 7,000 7,000 UNICREDITO ITALIANO SPA 2.97%, 05/31/05 9,000 9,000 WASHINGTON MUTUAL BANK, FA 2.72%, 04/15/05 3,000 3,000 WELLS FARGO BANK, N.A. 2.83%, 05/09/05 3,000 3,000 WILMINGTON TRUST CO. 2.97%, 06/14/05 5,000 5,000 ----------- 139,996 BANK NOTES 1.6% -------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.98%, 08/23/05 3,000 3,000 STANDARD FEDERAL BANK, N.A. 2.67%, 04/13/05 5,000 5,000 ----------- 8,000 PROMISSORY NOTES 0.8% -------------------------------------------------------------------------- o THE GOLDMAN SACHS GROUP, INC. 2.85%, 07/06/05 4,000 4,000 U.S. GOVERNMENT SECURITIES 1.2% of net assets COUPON NOTES 1.2% -------------------------------------------------------------------------- FANNIE MAE 1.35%, 04/28/05 2,000 2,000 1.50%, 05/09/05 2,000 2,000 1.61%, 05/13/05 2,000 2,000 ----------- 6,000 VARIABLE-RATE OBLIGATIONS 18.0% of net assets BARCLAYS BANK, PLC 2.73%, 04/15/05 5,000 4,999 2.78%, 04/29/05 6,000 5,999 BNP PARIBAS 2.77%, 04/22/05 5,000 4,999 + CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY Solid Waste Disposable RB (Burr Properties Project) Series 1998B 2.96%, 04/07/05 1,760 1,760 + COLUMBUS, GEORGIA DEVELOPMENT AUTHORITY Taxable RB (Jay Leasing, Inc. Project) Series 1997 2.88%, 04/07/05 1,790 1,790 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.79%, 04/15/05 3,000 3,000 + EAGLE COUNTY, COLORADO TAXABLE HOUSING FACILITIES RB (BC Housing, L.L.C. Project) Series 1997B 2.91%, 04/07/05 1,500 1,500 FANNIE MAE 2.42%, 04/04/05 2,000 1,999 2.73%, 04/29/05 10,000 9,998 FEDERAL HOME LOAN BANK 2.64%, 04/05/05 3,000 2,999 + HBOS TREASURY SERVICE, PLC 2.81%, 04/26/05 2,000 2,000 HSH NORDBANK, AG 2.70%, 04/11/05 2,000 2,000 LANDESBANK BADEN-WURTTEMBERG 2.74%, 04/13/05 2,000 2,000 + LP PINEWOODS SPV 2.86%, 04/07/05 15,000 15,000 ROYAL BANK OF SCOTLAND, PLC 2.73%, 04/14/05 5,000 5,000 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.76%, 04/15/05 3,000 3,000 2.80%, 04/20/05 5,000 5,000 o THE GOLDMAN SACHS GROUP, INC. 2.89%, 04/22/05 5,000 5,000 + TRAP ROCK INDUSTRIES, INC. RB Series 1997 2.88%, 04/07/05 1,040 1,040 UBS, AG 2.75%, 04/18/05 5,000 5,000 + VILLAGE OF STURTEVANT, WISCONSIN IDRB (Andis Co. Project) Series 1996B 2.93%, 04/07/05 810 810 WESTLB, AG 2.80%, 04/20/05 4,000 4,000 ----------- 88,893
MATURITY AMOUNT SECURITY ($ x 1,000) OTHER INVESTMENTS 9.5% of net assets REPURCHASE AGREEMENTS 9.4% -------------------------------------------------------------------------- CREDIT SUISSE FIRST BOSTON L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $43,723 2.89%, issued 03/31/05, due 04/01/05 38,867 38,864 2.63%, issued 02/08/05, due 04/07/05 4,017 4,000 MORGAN STANLEY & CO., INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $2,048 2.68%, issued 03/07/05, due 04/07/05 2,005 2,000
3 SCHWAB RETIREMENT MONEY FUND PORTFOLIO HOLDINGS continued
MATURITY AMOUNT VALUE SECURITY ($ x 1,000) ($ x 1,000) UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $2,042 2.60%, issued 02/16/05, due 04/04/05 2,007 2,000 ----------- 46,864
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $497,169. The fund's portfolio holdings include restricted and/or illiquid securities worth $9,000 or 1.8% of the fund's total net assets. Also, includes other restricted but deemed liquid securities comprised of 144A, section 4(2) and 3c7 securities, worth $151,449 or 30.6% of the fund's total net assets. At March 31, 2005, portfolio holdings included restricted and/or illiquid securities as follows:
ISSUER FACE COST/ RATE, ACQUISITION DATE, AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) THE GOLDMAN SACHS GROUP, INC. 2.89%, 02/22/05, 04/22/05 5,000 5,000 2.85%, 01/06/05, 07/06/05 4,000 4,000 ----------- 9,000
4 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB NEW YORK MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 100.1% MUNICIPAL SECURITIES 1,808,953 1,808,953 -------------------------------------------------------------------------------- 100.1% TOTAL INVESTMENTS 1,808,953 1,808,953 (0.1)% OTHER ASSETS AND LIABILITIES (1,991) -------------------------------------------------------------------------------- 100.0% NET ASSETS 1,806,962
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 100.1% of net assets NEW YORK 99.1% ALBANY IDA +@ IDRB (Newkirk Products) Series 1995A 2.32%, 04/07/05 900 900 +@ Refunding IDRB (United Cerebral Palsy Assn-Capital District) Series 1997B 2.33%, 04/07/05 10,000 10,000 AVERILL PARK CENTRAL SD BAN 2004 1.80%, 06/22/05 19,551 19,559 BALDWIN UNION FREE SD 2004-05 TAN 1.58%, 06/29/05 11,700 11,733 BROOME CNTY IDA +@ Civic Facility RB (Elizabeth Church Manor Nursing Home) Series 2003 2.28%, 04/07/05 6,050 6,050 +@ Civic Facility RB (Methodist Homes For the Aging) Series 2003 2.28%, 04/07/05 5,415 5,415 BUFFALO FISCAL STABILITY AUTH BAN Series 2004A-1 1.99%, 05/16/05 16,000 16,019 CHAUTAUQUA CNTY +@ Civic Facility RB (Jamestown Center City Dev Corp) Series 2000A 2.33%, 04/07/05 11,610 11,610 +@ IDRB (Grafco Industries) Series 2002 2.33%, 04/07/05 6,130 6,130 COMMACK UNION FREE SD 2004-2005 TAN 2.00%, 06/30/05 10,000 10,024 EAST MEADOW UNION FREE SD 2004-2005 TAN 1.57%, 06/29/05 3,000 3,008 BAN 2004 1.50%, 08/17/05 10,000 10,056 2.53%, 08/17/05 7,000 6,999 HAUPPAUGE UNION FREE SD 2004-2005 TAN 1.55%, 06/29/05 6,000 6,021 2.08%, 06/29/05 4,500 4,510 HERKIMER CNTY +@ Civic Facility RB (Templeton Foundation) Series 2000 2.35%, 04/07/05 1,800 1,800 HERRICKS UNION FREE SD 2004-2005 TAN 1.57%, 06/29/05 8,000 8,023 ISLIP UNION FREE SD 2004-2005 TAN 1.65%, 06/29/05 6,750 6,772 LEVITTOWN UNION FREE SD 2004-2005 TAN 1.58%, 06/29/05 7,000 7,024 LINDENHURST UNION FREE SD 2004-2005 TAN 1.60%, 06/23/05 8,400 8,422 LONG ISLAND POWER AUTH +~@o Electric System General RB Series 1998A 2.31%, 04/07/05 21,000 21,000 +~@o Electric System General RB Series 2001A 2.31%, 04/07/05 4,365 4,365 +~@o Electric System RB Series 1998A 2.30%, 04/07/05 1,900 1,900 +~@ Electric System Subordinated RB Series 1998-7B 2.23%, 04/07/05 1,500 1,500 +@ Electric System Subordinated RB Series 2001-3A 2.23%, 04/07/05 10,650 10,650 + TECP Series CP-1 2.34%, 05/09/05 15,000 15,000 LONGWOOD CENTRAL SD 2004-2005 TAN 1.60%, 06/30/05 6,000 6,020 METROPOLITAN TRANSPORTATION AUTH ~@o Dedicated Tax Fund Bonds Series 1998A 2.31%, 04/07/05 9,440 9,440
1 SCHWAB NEW YORK MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +~@o Dedicated Tax Fund Bonds Series 2002A 2.31%, 04/07/05 10,980 10,980 +~@ Dedicated Tax Fund Refunding Bonds Series 2005A 2.28%, 04/07/05 11,500 11,500 + TECP 1.90%, 04/07/05 15,000 15,000 +~@o Transportation RB Series 2003B 2.31%, 04/07/05 3,500 3,500 +~@o Transportation Refunding RB Series 2002A 2.30%, 04/07/05 22,000 22,000 +~@ Transportation Refunding RB Series 2002D-1 2.23%, 04/07/05 12,900 12,900 + Transportation Revenue BAN Series CP-1A 2.09%, 06/10/05 17,000 17,000 + Transportation Revenue BAN Sub-Series B 2.05%, 05/11/05 12,000 12,000 NASSAU HEALTH CARE CORP. +~@ Bonds Series 2004C-1 2.23%, 04/07/05 5,000 5,000 +~@ Bonds Series 2004C-2 2.20%, 04/07/05 5,000 5,000 NEW YORK CITY +~@o GO Bonds Fiscal 1998 Series D 2.32%, 04/07/05 26,000 26,000 +~@o GO Bonds Fiscal 2000 Series A 2.31%, 04/07/05 3,395 3,395 +~@o GO Bonds Fiscal 2001 Series B 2.30%, 04/07/05 3,460 3,460 +~@o GO Bonds Fiscal 2002 Series A 2.30%, 04/07/05 9,750 9,750 +~@ GO Bonds Fiscal 2002 Series A-8 2.21%, 04/07/05 1,000 1,000 +~@o GO Bonds Fiscal 2002 Series G 2.31%, 04/07/05 16,400 16,400 +@ GO Bonds Fiscal 2003 Series C-2 2.23%, 04/07/05 6,265 6,265 +@ GO Bonds Fiscal 2004 Series H-5 2.23%, 04/07/05 24,300 24,300 +@ GO Bonds Fiscal 2004 Series H-6 2.24%, 04/07/05 16,300 16,300 +@ GO Bonds Fiscal 2004 Series H-7 2.28%, 04/01/05 14,200 14,200 +~@o GO Bonds Fiscal 2004 Series J 2.31%, 04/07/05 9,160 9,160 NEW YORK CITY HEALTH & HOSPITALS CORP. +~@o Health System Bonds Series 1999A 2.30%, 04/07/05 17,620 17,620 NEW YORK CITY HFA +@ Housing RB (Normandie Court I) Series 1991A 2.22%, 04/07/05 5,495 5,495 +@ Housing RB (Sea Park West) Series 2004A 2.32%, 04/07/05 7,600 7,600 +@ Housing RB (The Helena) Series 2004A 2.26%, 04/07/05 39,000 39,000 NEW YORK CITY HOUSING DEVELOPMENT CORP. +@ M/F Mortgage RB (90 West St) Series 2004A 2.25%, 04/07/05 12,000 12,000 +@ M/F Mortgage RB (Atlantic Court Apts) Series 2003A 2.28%, 04/07/05 19,350 19,350 +@ M/F Mortgage RB (First Avenue) Series 2002A 2.27%, 04/07/05 7,445 7,445 +@ M/F Mortgage RB (Upper East) Series 2003A 2.31%, 04/07/05 4,000 4,000 +@ M/F Rental Housing RB (100 Jane St) Series 1998A 2.27%, 04/07/05 6,525 6,525 +@ M/F Rental Housing RB (One Columbus Place) Series 1998A 2.28%, 04/07/05 50,000 50,000 +@ M/F Rental Housing RB (Sierra) Series 2003A 2.27%, 04/07/05 28,585 28,585 +@ M/F Rental Housing RB (Tribeca Tower) Series 1997A 2.26%, 04/07/05 2,300 2,300 +@ M/F Rental Housing RB (West End Towers) Series 2004A 2.27%, 04/07/05 20,000 20,000 NEW YORK CITY IDA +@ Civic Facility RB (2000 Jewish Board of Family & Children's Services) 2.28%, 04/07/05 15,820 15,820 +@ Refunding IDRB (Allway Tools) Series 1997 2.32%, 04/07/05 1,480 1,480 +@ Special Facility RB (Korean Air Lines) Series 1997A 2.31%, 04/07/05 15,100 15,100 +@ Special RB (NYSE) Fiscal 2004 Series B 2.30%, 04/07/05 7,000 7,000 NEW YORK CITY MUNICIPAL WATER FINANCE AUTH ~@o Crossover Refunding Bonds 2002F 2.31%, 04/01/05 7,495 7,495 ~ TECP Series 1 2.08%, 05/05/05 18,500 18,500 + TECP Series 5 2.15%, 07/14/05 14,000 14,000 ~ TECP Series 6 2.13%, 07/14/05 35,000 35,000 ~@o Water & Sewer System RB Fiscal 2004 Series C 2.30%, 04/07/05 22,035 22,035 +~@o Water & Sewer System RB Fiscal 2005 Series C 2.30%, 04/07/05 2,750 2,750 +~@o Water & Sewer System RB Series 1998B 2.30%, 04/07/05 4,735 4,735 ~@o Water & Sewer System RB Series 2001D 2.33%, 04/07/05 4,995 4,995 +~@o Water & Sewer System RB Series 2002G 2.31%, 04/07/05 10,000 10,000
2 SCHWAB NEW YORK MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +~@o Water & Sewer System RB Series 2005 B 2.30%, 04/07/05 1,855 1,855 NEW YORK CITY TRANSITIONAL FINANCE AUTH ~@o Future Tax Secured Bonds Fiscal 1999 Series A 2.30%, 04/07/05 4,970 4,970 +~@o Future Tax Secured Bonds Fiscal 2000 Series A 2.30%, 04/07/05 15,720 15,720 ~@o Future Tax Secured Bonds Series 2000C 2.31%, 04/07/05 14,545 14,545 ~@o Future Tax Secured Refunding Bonds Fiscal 2003 Series A 2.31%, 04/01/05 6,000 6,000 ~@ Recovery Bonds Fiscal 2003 Series 1E 2.07%, 04/01/05 4,300 4,300 NEW YORK POWER AUTH ~ TECP Series 1 2.05%, 05/10/05 14,500 14,500 TECP Series 2 ~ 2.05%, 05/02/05 8,200 8,200 ~ 2.00%, 05/06/05 17,800 17,800 ~@ Tender Notes Series 1985 2.15%, 09/01/05 22,500 22,500 NEW YORK STATE + Environmental Quality 1986 GO Bonds Series 1998A 2.00%, 06/07/05 20,000 20,000 +~@o GO Bonds Fiscal 2004 Series F 2.35%, 04/07/05 50,000 50,000 NEW YORK STATE DORMITORY AUTH +~@o City University System Consolidated Fifth General Resolution RB Series 2003A 2.30%, 04/07/05 7,295 7,295 +~@o Insured RB (Mt Sinai School of Medicine) Series 1994A 2.31%, 04/07/05 2,900 2,900 +~@o Mental Health Services Facilities Improvement RB Series 2005D-1 2.14%, 04/07/05 7,115 7,115 +@ RB (Park Ridge Hospital, Inc.) Series 2005 2.28%, 04/07/05 10,000 10,000 +~@o State Personal Income Tax Refunding RB (Education) Series 2005B 2.30%, 04/07/05 11,865 11,865 +~@o State University Educational Facilities RB Series 1993A 2.30%, 04/07/05 9,995 9,995 State University Educational Facilities RB Series 2000B +~@o 2.28%, 04/07/05 27,030 27,030 +~@o 2.30%, 04/07/05 12,375 12,375 +~@o Third General Resolution RB (State University Educational Facilities) Series 2005A 2.30%, 04/07/05 7,130 7,130 +~@o Upstate Community Colleges RB Series 2005A 2.30%, 04/07/05 3,880 3,880 NEW YORK STATE ENERGY RESEARCH DEVELOPMENT AUTH +@ Facilities RB Series 2004C-1 2.31%, 04/07/05 6,000 6,000 +@ Facilities RB Series 2004C-2 2.26%, 04/07/05 5,500 5,500 +@ Facilities RB Series 2004C-3 2.31%, 04/07/05 10,000 10,000 +~@o Gas Facilities RB (Brooklyn Union Gas) Series 1996 2.30%, 04/07/05 14,125 14,125 NEW YORK STATE ENVIRONMENTAL FACILITIES CORP. ~@o State Clean & Drinking Water Revolving Funds RB Series 2002B 2.30%, 04/07/05 24,225 24,225 ~@o State Water Pollution Control Revolving Fund RB Series 1994D 2.30%, 04/07/05 661 661 NEW YORK STATE HFA +@ Housing RB (101 West End Ave) Series 1999A 2.31%, 04/07/05 1,600 1,600 +@ Housing RB (150 E44th St) Series 2000A 2.31%, 04/07/05 33,500 33,500 +@ Housing RB (250 W50th St) Series 1997A 2.26%, 04/07/05 4,800 4,800 +@ Housing RB (345 E94th St) Series 1999A 2.31%, 04/07/05 3,400 3,400 +@ Housing RB (345 East 94th St) Series 1998A 2.31%, 04/07/05 4,700 4,700 +@ Housing RB (350 W43rd St) Series 2002A 2.27%, 04/07/05 9,000 9,000 +@ Housing RB (70 Battery Place) Series 1997A 2.27%, 04/07/05 23,300 23,300 +@ Housing RB (Avalon Chrystie Place I) Series 2004A 2.13%, 04/07/05 27,900 27,900 +@ Housing RB (Chelsea Arms) Series 1998A 2.25%, 04/07/05 18,000 18,000 +@ Housing RB (E84th St) Series 1995A 2.26%, 04/07/05 15,000 15,000 +@ Housing RB (Normandie Court II) Series 1999A 2.27%, 04/07/05 22,000 22,000 +@ Housing RB (Sea Park East) Series 2004A 2.32%, 04/07/05 18,600 18,600 +@ Housing RB (The Helena) Series 2003A 2.26%, 04/07/05 7,800 7,800 +@ Housing RB (Tribeca Landing) Series 1997A 2.25%, 04/07/05 13,000 13,000 +@ Housing RB (Tribeca Park) Series 1997A 2.26%, 04/07/05 7,000 7,000 +@ Housing RB (Union Square South) Series 1996A 2.26%, 04/07/05 16,800 16,800 +@ Housing RB (Worth St) Series 2001A 2.25%, 04/07/05 11,200 11,200
3 SCHWAB NEW YORK MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ Service Contract Refunding RB Series 2003E 2.23%, 04/07/05 7,000 7,000 NEW YORK STATE LOCAL ASSISTANCE CORP. +@ RB Series 1995D 2.20%, 04/07/05 6,320 6,320 +~@o Refunding RB Series 1993C 2.30%, 04/07/05 9,900 9,900 +~@o Refunding RB Series 1997B 2.30%, 04/07/05 20,965 20,965 NEW YORK STATE MORTGAGE AGENCY ~@o Homeowner Mortgage RB Series 65 2.33%, 04/07/05 4,640 4,640 ~@o Homeowner Mortgage RB Series 77A 2.31%, 04/07/05 24,795 24,795 Homeowner Mortgage RB Series 87 ~@o 2.30%, 04/07/05 3,940 3,940 ~@o 2.31%, 04/07/05 6,320 6,320 NEW YORK STATE THRUWAY AUTH +~@o General RB Series 2005F 2.31%, 04/07/05 25,880 25,880 ~@o General Refunding RB Series E 2.30%, 04/07/05 6,995 6,995 Local Highway & Bridge Service Contract Bonds Series 2001 1.66%, 04/01/05 2,000 2,000 Second Lien General Highway & Bridge Trust Fund Bonds Series 2003A 1.90%, 04/01/05 5,000 5,000 NEW YORK STATE URBAN DEVELOPMENT CORP. +~@o State Personal Income Tax RB (State Facilities & Equipment) Series 2004A-2 2.32%, 04/07/05 4,300 4,300 +~@o State Personal Income Tax RB Series 2004A-1 2.30%, 04/07/05 19,710 19,710 NORTHPORT-EAST NORTHPORT UNION FREE SD 2004-2005 TAN 1.55%, 06/30/05 7,775 7,802 OCEANSIDE UNION FREE SD 2004-2005 TAN 1.60%, 06/23/05 5,000 5,013 ONEIDA CNTY IDA +@ Civic Facility RB (Mohawk Valley Community College Dormitory Corp) Series 2004A 2.28%, 04/07/05 8,470 8,470 PITTSFORD CENTRAL SD GO BAN 2004B 1.50%, 06/29/05 2,500 2,509 1.52%, 06/29/05 8,107 8,135 PLAINVIEW-OLD BETHPAGE CENTRAL SD 2004-2005 TAN 1.52%, 06/30/05 2,000 2,006 2.08%, 06/30/05 5,000 5,008 PORT AUTH OF NEW YORK & NEW JERSEY +~@o Consolidated Bonds 127th Series 2.33%, 04/07/05 3,000 3,000 ~@o Consolidated Bonds 135th Series 2.33%, 04/07/05 20,000 20,000 Special Project Bonds Series 6 JFK International Air Terminal +~@o 2.37%, 04/07/05 1,480 1,480 +~@o 2.31%, 04/07/05 1,100 1,100 ~ TECP Series B 1.95%, 04/06/05 3,000 3,000 SACHEM CENTRAL SD 2004-2005 TAN 1.52%, 06/23/05 6,000 6,017 SALES TAX ASSET RECEIVABLE CORP. +~@o Sales Tax Asset RB Fiscal 2005 Series A 2.30%, 04/07/05 5,290 5,290 SCHENECTADY IDA +@ IDRB (Fortitech Holding Corp) Series 1995A 2.62%, 04/07/05 700 700 SMITHTOWN CENTRAL SD 2004-2005 TAN 2.05%, 06/29/05 25,000 25,057 SOUTH HUNTINGTON UNION FREE SD 2004-2005 TAN 1.50%, 06/30/05 5,000 5,018 THREE VILLAGE CENTRAL SD 2004-2005 TAN 1.59%, 06/30/05 4,000 4,011 2.04%, 06/30/05 15,000 15,025 TOMPKINS CNTY IDA +~@ Civic Facility RB (Ithaca College) Series 2004 2.30%, 04/07/05 7,500 7,500 TRIBOROUGH BRIDGE & TUNNEL AUTH +~@o General Purpose RB Series 2001A 2.30%, 04/07/05 20,000 20,000 ~@o General Refunding RB Series 2002B 2.33%, 04/07/05 14,000 14,000 +~@ General Refunding RB Series 2002C 2.23%, 04/07/05 4,600 4,600 +~@ Special Obligation 1991 Resolution Refunding Bonds Series 2000A 2.23%, 04/07/05 7,895 7,895 WESTCHESTER CNTY IDA +@ IDRB (Levister Redevelopment Co Project) Series 2001B 2.26%, 04/07/05 8,000 8,000 WILLIAM FLOYD UNION FREE SD 2004-2005 TAN 1.64%, 06/27/05 15,000 15,048 1.68%, 06/27/05 1,900 1,906 YONKERS IDA +@ Civic Facility RB (Consumers Union) Series 1989 2.30%, 04/07/05 1,200 1,200 +@ Civic Facility RB (Consumers Union) Series 1991 2.30%, 04/07/05 700 700 +~@ Civic Facility RB (Consumers Union) Series 1994 2.30%, 04/07/05 1,660 1,660 ----------- 1,790,891
4 SCHWAB NEW YORK MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) PUERTO RICO 1.0% GOVERNMENT DEVELOPMENT BANK OF PUERTO RICO TECP Series 1997 1.88%, 04/07/05 4,000 4,000 2.37%, 06/03/05 13,662 13,662 PUERTO RICO +~@o Public Improvement Bonds Series 2001A 2.31%, 04/07/05 400 400 ----------- 18,062
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investment was $1,808,985, and the unrealized loss was ($32). 5 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB NEW JERSEY MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($x1,000) ($x1,000) -------------------------------------------------------------------------------- 98.2% MUNICIPAL SECURITIES 466,428 466,428 -------------------------------------------------------------------------------- 98.2% TOTAL INVESTMENTS 466,428 466,428 1.8% OTHER ASSETS AND LIABILITIES 8,341 -------------------------------------------------------------------------------- 100.0% NET ASSETS 474,769
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 98.2% of net assets NEW JERSEY 92.8% DELAWARE RIVER PORT AUTH RB Series 1999 +~@o 2.31%, 04/07/05 4,495 4,495 +~@o 2.31%, 04/07/05 10,100 10,100 ENGLEWOOD General Improvement BAN & Special Assessment BAN 1.63%, 07/08/05 7,000 7,026 ESSEX CNTY IMPROVEMENT AUTH +~@o Project Consolidation RB Series 2004 2.30%, 04/07/05 5,895 5,895 FT. LEE BAN 1.55%, 07/29/05 5,250 5,270 GARDEN STATE PRESERVATION TRUST +~@o Open Space & Farmland Preservation Bonds Series 2003A 2.30%, 04/07/05 5,000 5,000 HAMMONTON BAN 2.25%, 01/12/06 5,142 5,171 JERSEY CITY School Promissory Notes Series 2005A 2.45%, 02/24/06 4,000 4,028 NEW JERSEY +~@o GO Refunding Bonds Series L 2.30%, 04/07/05 400 400 TRAN Series Fiscal 2005A ~@o 2.31%, 04/07/05 15,000 15,000 ~@o 1.25%, 04/23/05 10,000 10,000 1.95%, 06/24/05 5,000 5,012 2.10%, 06/24/05 400 401 NEW JERSEY ECONOMIC DEVELOPMENT AUTH Exempt Facility RB (Chambers Co-Generation) + 2.28%, 05/04/05 6,100 6,100 + 2.25%, 05/05/05 6,000 6,000 + Exempt Facility RB (Keystone) 2.00%, 05/04/05 5,000 5,000 Motor Vehicle Surcharge RB Series 2004A +~@o 2.30%, 04/07/05 6,080 6,080 +~@o 2.34%, 04/07/05 7,420 7,420 +~@o Natural Gas Facilities Refunding RB (Nui Corp) Series 1997A 2.31%, 04/07/05 1,525 1,525 +@ RB (Baptist Home Society of New Jersey) Series 2003 2.50%, 04/07/05 3,520 3,520 +@ RB (ENCAP Golf Holdings) Series 2004 2.30%, 04/07/05 19,450 19,450 +@ RB (G&W Laboratories) Series 2003 2.35%, 04/07/05 5,505 5,505 +@ RB (Geriatric Services Housing Corp) Series 2001 2.27%, 04/07/05 1,500 1,500 +@ RB (Hamilton Industrial Development) Series 1998 2.35%, 04/07/05 5,665 5,665 +@ RB (Meridian Assisted Living at Shrewsbury) Series 2004 2.34%, 04/07/05 5,250 5,250 +@ RB (Omni Baking Co) Series 2001 2.30%, 04/07/05 3,600 3,600 +@ RB (St. James Preparatory School & St. James Social Service Corp) Series 1998 2.30%, 04/07/05 4,450 4,450 +@ RB (Stone Brothers Secaucus) Series 2001 2.17%, 04/01/05 1,755 1,755 +@ Refunding RB (Station Plaza Park & Ride) Series 2003 2.35%, 04/07/05 3,290 3,290 +~@o School Facilities Construction Bonds Series 2004G 2.30%, 04/07/05 6,000 6,000 +~@o School Facilities Construction RB Series 2005K 2.31%, 04/07/05 4,565 4,565 +@ Special Facility RB (Port Newark Container Terminal) Series 2003 2.32%, 04/07/05 14,300 14,300
1 SCHWAB NEW JERSEY MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ Thermal Energy Facilities RB (Thermal Energy Limited Partnership I) Series 1997 2.30%, 04/07/05 8,400 8,400 NEW JERSEY EDUCATIONAL FACILITIES AUTH +~@o Higher Education Capital Improvement Fund Issue RB Series 2002A 2.31%, 04/07/05 8,610 8,610 NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTH +~@o RB (JFK Health Systems Obligated Group) Series 1993 2.31%, 04/07/05 13,355 13,355 +~@o RB (Jersey Shore Medical Center Obligated Group) Series 1994 2.30%, 04/07/05 7,500 7,500 +~@o RB (Somerset Medical Ctr) Series A 2.31%, 04/07/05 13,600 13,600 + Refunding RB (Saint Clare's Hospital) Series 2004B 2.00%, 07/01/05 1,895 1,900 +@ Revenue Bonds Composite Program Series 2003A-6 2.28%, 04/07/05 3,050 3,050 NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY +~@o Home Buyer RB Series 2000CC 2.33%, 04/07/05 2,980 2,980 S/F Housing RB Series 2004F 1.05%, 04/01/05 10,000 10,000 2.00%, 04/01/05 3,350 3,350 ~@ S/F Housing RB Series 2004K 2.32%, 04/07/05 10,000 10,000 NEW JERSEY TRANSPORTATION TRUST FUND AUTH +~@o Transportation System Bonds Series 2005A 2.30%, 04/07/05 10,000 10,000 ~@o Transportation System RB Series 1998A 2.31%, 04/07/05 11,495 11,495 +~@o Transportation System RB Series 2004B 2.15%, 04/07/05 8,000 8,000 NEW JERSEY TURNPIKE AUTH +~@o RB Series C 2.31%, 04/07/05 8,090 8,090 +~@o Turnpike RB Series 1991C 1.77%, 04/07/05 3,595 3,595 +~@o Turnpike RB Series 2000A 2.31%, 04/07/05 22,765 22,765 +~@ Turnpike RB Series 2003C-1 2.22%, 04/07/05 5,875 5,875 +~@o Turnpike Revenue RB Series 2004A 2.31%, 04/07/05 3,495 3,495 PORT AUTH OF NEW YORK & NEW JERSEY +~@o Consolidated Bonds 127th Series 2.33%, 04/07/05 8,480 8,480 Consolidated Bonds 137th Series 1.58%, 07/15/05 2,805 2,832 +~@o Consolidated Bonds 138th Series 2.33%, 04/07/05 10,000 10,000 ~@o Consolidated Bonds 85th Series 1.20%, 04/07/05 6,795 6,795 Special Project Bonds Series 6 JFK International Air Terminal +~@o 2.37%, 04/07/05 800 800 +~@o 2.31%, 04/07/05 4,895 4,895 ~ TECP Series A 2.00%, 04/11/05 10,000 10,000 TECP Series B ~ 2.03%, 04/12/05 5,070 5,070 ~ 2.08%, 05/05/05 10,100 10,100 ~ 2.18%, 05/09/05 8,550 8,550 SPARTA TOWNSHIP BAN 2.23%, 01/13/06 4,000 4,024 TRENTON PARKING AUTH +~@o Parking RB Series 2000 2.29%, 04/07/05 1,620 1,620 UNION CNTY IMPROVEMENT AUTH +@ Mortgage RB (Cedar Glen Housing Corp) Series A 2.31%, 04/07/05 9,500 9,500 UNION CNTY POLLUTION CONTROL FINANCING AUTH @ Refunding RB (Exxon) Series 1994 2.20%, 04/01/05 2,300 2,300 UNIVERSITY OF MEDICINE & DENTISTRY +~@ RB Series 2002B 2.28%, 04/07/05 3,000 3,000 WOODBRIDGE TOWNSHIP General & Sewer Utility BAN 1.65%, 07/08/05 3,654 3,667 1.67%, 07/08/05 4,346 4,361 ----------- 440,827 PUERTO RICO 5.4% GOVERNMENT DEVELOPMENT BANK OF PUERTO RICO TECP Series 1997 1.90%, 04/27/05 7,948 7,948 1.92%, 04/27/05 1,758 1,758 2.10%, 05/10/05 2,250 2,250 2.20%, 06/06/05 3,500 3,500 PUERTO RICO HFC +~@o Homeownership Mortgage RB Series 2000A 2.31%, 04/07/05 3,700 3,700 PUERTO RICO HIGHWAYS & TRANSPORTATION AUTH +~@o Highway RB Series Y 2.28%, 04/07/05 3,100 3,100 +~@o Subordinated Transportation RB Series 2003 2.28%, 04/07/05 300 300 PUERTO RICO PUBLIC BUILDINGS AUTH +~@o Refunding RB Series L 2.29%, 04/07/05 3,045 3,045 ----------- 25,601
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investment was $466,429, and the unrealized loss was ($1). 2 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB PENNSYLVANIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 99.5% MUNICIPAL SECURITIES 358,122 358,122 -------------------------------------------------------------------------------- 99.5% TOTAL INVESTMENTS 358,122 358,122 0.5% OTHER ASSETS AND LIABILITIES 1,904 -------------------------------------------------------------------------------- 100.0% NET ASSETS 360,026
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 99.5% of net assets PENNSYLVANIA 98.9% ALLEGHENY CNTY HOSPITAL DEVELOPMENT AUTH +@ RB (UPMC Senior Communities) Series 2003 2.28%, 04/07/05 10,000 10,000 ALLEGHENY CNTY IDB +~@o Pollution Control Refunding RB (Duquesne Light Co) Series 1999B 2.35%, 04/07/05 14,495 14,495 ALLEGHENY CNTY PORT AUTH + Grant Anticipation Notes Series 2004 1.63%, 06/30/05 5,100 5,117 BERKS CNTY +@ RB (Beacon Container Project) Series 1998A 2.44%, 04/07/05 745 745 BLAIR CNTY IDA +@ First Mortgage RB (Village At Penn State Project) Series 2002C 2.23%, 04/07/05 1,000 1,000 CHESTER CNTY HEALTH & EDUCATION FACILITIES AUTH +@ RB (Simpson Meadows) Series 2000 2.35%, 04/07/05 3,775 3,775 CLARION CNTY IDA +@ Energy Development RB (Piney Creek) Series 1990 2.33%, 04/07/05 2,500 2,500 DANIEL BOONE AREA SD +~@ GO Bonds Series 2004 2.29%, 04/07/05 1,100 1,100 DELAWARE CNTY IDA +@ Hospital RB (Crozer-Chester Medical Ctr) Series 2002 2.29%, 04/07/05 4,900 4,900 +@ RB (YMCA of Philadelphia) Series 1999 2.39%, 04/07/05 2,005 2,005 DELAWARE VALLEY REGIONAL FINANCE AUTH +~@o Local Government RB Series 1998A 2.34%, 04/07/05 4,555 4,555 ERIE CITY WATER AUTH + Water RB Series 2004 2.07%, 12/01/05 2,320 2,334 ERIE SD +~@o GO Bonds Series 2001A 2.32%, 04/07/05 15,100 15,100 HARRISBURG AUTH +~@ Water Refunding RB Series 2003A 2.33%, 04/07/05 2,500 2,500 HFA ~@ S/F Mortgage RB Series 2004- 86C 2.29%, 04/07/05 5,000 5,000 LUZERNE CNTY INDUSTRIAL DEV AUTH +@ RB (Methodist Homes) Series 2003 2.33%, 04/07/05 4,800 4,800 MONTGOMERY CNTY HIGHER EDUCATION & HEALTH AUTH +@ RB (Madlyn & Leonard Abramson Center For Jewish Life) Series 2001 2.35%, 04/07/05 1,100 1,100 MONTGOMERY CNTY IDA +@ Environmental Facilities RB (Ionza Inc) Series 2000 2.37%, 04/07/05 7,000 7,000 Pollution Control Refunding RB (Peco Energy Co) Series 1994A + 1.99%, 05/05/05 675 675 + 2.00%, 05/05/05 2,000 2,000 2.08%, 05/09/05 4,560 4,560 +@ Pollution Control Refunding RB (Peco Energy Co) Series 1999A 2.30%, 04/07/05 1,600 1,600 @ School RB (Friends' Central School) Series 2002 2.33%, 04/07/05 400 400
1 SCHWAB PENNSYLVANIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MONTGOMERY CNTY REDEVELOPMENT AUTH +@ M/F Housing Refunding RB (Glenmore Associates) Series 1995A 2.14%, 04/07/05 3,000 3,000 NORTHHAMPTON CNTY +~@o County Agreement RB Series 2001 2.32%, 04/07/05 3,000 3,000 +@ RB (Binney & Smith) Series 1997A 2.34%, 04/07/05 3,250 3,250 +@ RB (Binney & Smith) Series 1997B 2.34%, 04/07/05 810 810 NORWIN SD +~@o GO Bonds Series 2001A 2.32%, 04/07/05 8,710 8,710 PENNSYLVANIA +~@o GO Bonds First Series 1995 2.35%, 04/07/05 11,870 11,870 +~@o GO Bonds First Series 2003 2.30%, 04/07/05 14,470 14,470 PENNSYLVANIA CONVENTION CENTER AUTH +~@o RB Series 1989A 2.30%, 04/07/05 2,745 2,745 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTH +@ Bonds (Westrum Harleysville II) Series 2005 2.23%, 04/07/05 6,200 6,200 +@ Exempt Facilities RB (Amtrak) Series 2001B 2.32%, 04/07/05 12,300 12,300 @ Exempt Facilities RB (Merck & Co) Series 2000 2.36%, 04/07/05 5,000 5,000 @ Exempt Facilities RB (Merck & Co) Series 2001 2.36%, 04/07/05 13,000 13,000 PENNSYLVANIA ENERGY DEVELOPMENT AUTH +@ RB (B&W Ebensburg) Series 1986 2.33%, 04/07/05 14,965 14,965 +@ RB (Westrum Hanover) Series 2004 2.33%, 04/07/05 5,900 5,900 PENNSYLVANIA HFA ~@o Residential Development Refunding RB Series 2002A 2.36%, 04/07/05 6,000 6,000 +~@o S/F Mortgage RB Drawdown Series 2003 2.35%, 04/07/05 5,110 5,110 ~@o S/F Mortgage RB Series 1999-66A 2.33%, 04/07/05 5,130 5,130 ~@o S/F Mortgage RB Series 1999A 2.15%, 04/07/05 10,785 10,785 ~@o S/F Mortgage RB Series 2002-74B 2.33%, 04/07/05 7,495 7,495 ~@ S/F Mortgage RB Series 2004-84C 2.29%, 04/07/05 10,250 10,250 ~@ S/F Mortgage RB Series 2004-84D 2.29%, 04/07/05 2,500 2,500 ~@ S/F Mortgage RB Series 2005-87B 2.30%, 04/07/05 5,000 5,000 ~@o S/F RB Series 1998-64 2.37%, 04/07/05 15,000 15,000 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY +~@ Student Loan RB Series 2000A 2.35%, 04/07/05 12,025 12,025 +~@ Student Loan RB Series 2001A 2.35%, 04/07/05 4,600 4,600 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTH +~@ Drexel University RB Series 2005B 2.29%, 04/07/05 3,400 3,400 PENNSYLVANIA PUBLIC SCHOOL BUILDING AUTH +~@o School Lease RB (Philadelphia SD) Series 2003 2.32%, 04/07/05 1,895 1,895 +~@ School RB (Parkland SD) Series 1999D 2.33%, 04/07/05 10,075 10,075 PENNSYLVANIA TURNPIKE COMMISSION +~@o Turnpike RB Series 2004A 2.30%, 04/07/05 12,495 12,495 PHILADELPHIA + Gas Works RB 1st Series A 1.71%, 07/01/05 5,000 5,044 PHILADELPHIA GAS WORKS +~@o RB Third Series 2001 2.30%, 04/07/05 1,700 1,700 + Revenue Notes TECP Series D 2.28%, 04/12/05 5,000 5,000 PHILADELPHIA IDA +~@o Airport RB Series 1998A 2.15%, 08/11/05 5,000 5,000 PHILADELPHIA MUNICIPAL AUTH + Lease Refunding RB Series 2003A 1.20%, 05/15/05 2,000 2,007 PHILADELPHIA SD + GO Refunding Series 1999B 2.05%, 10/01/05 9,000 9,131 SCRANTON REDEVELOPMENT AUTH +@ Guaranteed Lease RB Series 2004 2.33%, 04/07/05 5,795 5,795 TEMPLE UNIVERSITY University Funding Obligations Series 2004 1.27%, 05/02/05 200 200 1.70%, 05/02/05 8,000 8,004 ----------- 356,122 PUERTO RICO 0.6% PUERTO RICO HWY & TRANSP AUTH +~@o Grant Anticipation RB 2.29%, 04/07/05 2,000 2,000
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $358,122. 2 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB GOVERNMENT CASH RESERVES(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except for U.S. government agency coupon notes and U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 46.5% U.S. GOVERNMENT SECURITIES 292,226 292,226 53.7% OTHER INVESTMENTS 337,908 337,908 -------------------------------------------------------------------------------- 100.2% TOTAL INVESTMENTS 630,134 630,134 (0.2)% OTHER ASSETS AND LIABILITIES (1,085) -------------------------------------------------------------------------------- 100.0% NET ASSETS 629,049
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) U.S. GOVERNMENT SECURITIES 46.5% of net assets DISCOUNT NOTES 46.5% -------------------------------------------------------------------------------- FANNIE MAE 2.56%, 04/01/05 9,790 9,790 2.15%, 04/06/05 10,000 9,997 2.13%, 04/13/05 5,000 4,996 2.50%, 04/13/05 2,554 2,552 2.60%, 04/13/05 3,100 3,097 2.58%, 04/20/05 10,000 9,986 2.62%, 04/27/05 7,100 7,087 2.66%, 04/27/05 1,500 1,497 2.75%, 04/29/05 2,677 2,671 2.80%, 05/04/05 1,669 1,665 2.76%, 05/11/05 5,500 5,483 2.95%, 06/06/05 1,500 1,492 2.82%, 06/13/05 13,100 13,026 2.92%, 06/13/05 1,900 1,889 2.90%, 06/14/05 1,700 1,690 2.83%, 06/15/05 2,553 2,538 2.89%, 06/17/05 2,323 2,309 FEDERAL HOME LOAN BANK 2.21%, 04/22/05 1,943 1,941 2.75%, 05/13/05 5,000 4,984 FREDDIE MAC 2.50%, 04/04/05 1,500 1,500 2.53%, 04/12/05 10,000 9,992 2.54%, 04/12/05 15,000 14,988 2.57%, 04/19/05 25,000 24,968 2.58%, 04/20/05 13,297 13,279 2.67%, 04/25/05 7,000 6,988 2.66%, 04/26/05 20,000 19,963 2.75%, 05/10/05 20,000 19,941 2.42%, 05/17/05 10,000 9,969 2.47%, 05/17/05 5,000 4,984 2.78%, 05/17/05 4,139 4,124 2.79%, 05/17/05 2,086 2,079 2.81%, 05/24/05 7,000 6,971 2.83%, 05/24/05 5,346 5,324 2.84%, 05/24/05 1,000 996 2.85%, 05/24/05 1,185 1,180 2.86%, 06/09/05 2,000 1,989 2.80%, 06/13/05 2,100 2,088 2.76%, 06/14/05 2,368 2,355 2.90%, 06/14/05 1,200 1,193 2.83%, 06/15/05 3,450 3,430 2.80%, 06/17/05 2,712 2,696 2.94%, 06/21/05 10,000 9,934 2.70%, 06/28/05 7,832 7,781 2.70%, 07/05/05 15,000 14,895 2.74%, 07/05/05 10,000 9,929 ----------- 292,226
MATURITY AMOUNT SECURITY ($ x 1,000) OTHER INVESTMENTS 53.7% of net assets REPURCHASE AGREEMENTS 53.7% -------------------------------------------------------------------------------- BEAR STEARNS & CO. INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $108,121 2.89%, issued 03/31/05, due 04/01/05 106,009 106,000 CREDIT SUISSE FIRST BOSTON L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $108,030 2.89%, issued 03/31/05, due 04/01/05 105,917 105,908 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $108,120 2.89%, issued 03/31/05, due 04/01/05 106,009 106,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $20,401 2.64%, issued 02/16/05, due 04/07/05 20,073 20,000 ----------- 337,908
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $630,134. 1 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB FLORIDA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semiannual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 100.5% MUNICIPAL SECURITIES 1,220,229 1,220,229 -------------------------------------------------------------------------------- 100.5% TOTAL INVESTMENTS 1,220,229 1,220,229 (0.5)% OTHER ASSETS AND LIABILITIES (5,916) -------------------------------------------------------------------------------- 100.0% NET ASSETS 1,214,313
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 100.5% of net assets ALABAMA 1.2% MONTGOMERY DOWNTOWN REDEVELOPMENT AUTH @ Bonds (Southern Poverty Law Center) Series 2000 2.43%, 04/07/05 15,000 15,000 ARIZONA 2.0% MARICOPA CNTY COMMUNITY COLLEGE DISTRICT ~@o GO Bonds Project of 1994 Series B (1997) 2.30%, 04/07/05 24,020 24,020 CALIFORNIA 1.1% ACCESS LOANS FOR LEARNING STUDENT LOAN CORP. +@ Student Loan Program RB Senior Series II-A-7 1.80%, 06/01/05 13,400 13,400 COLORADO 0.4% COLORADO DEPT OF TRANSPORTATION +~@o Transportation Refunding RAN Series 2004B 1.55%, 04/07/05 4,745 4,745 CONNECTICUT 0.5% CONNECTICUT HFA +~@o S/F Mortgage RB Draw Down Series 2004B 2.33%, 04/07/05 5,600 5,600 FLORIDA 87.0% ALACHUA CNTY HEALTH FACILITIES AUTH +@ Continuing Care Retirement Community RB (Oak Hammock Project) Series 2002A 2.29%, 04/01/05 300 300 +~@o Health Facilities RB (Shands Hospital, Univ of Florida) Series 1992R 2.31%, 04/07/05 25,490 25,490 ALACHUA CNTY SCHOOL BOARD +~@o COP Series 2004 2.15%, 04/07/05 9,045 9,045 BREVARD CNTY HEALTH FACILITIES AUTH +@ RB (Wuesthoff Health Systems) Series 2004 2.29%, 04/07/05 13,200 13,200 BREVARD CNTY HFA +@ M/F Housing Refunding RB (Shore View Apts) Series 1995 2.30%, 04/07/05 1,900 1,900 BROWARD CNTY + Airport System RB Series L 1.84%, 10/01/05 3,665 3,686 BROWARD CNTY EDUCATIONAL FACILITIES AUTH +@ Educational Facilities RB (Nova Southeastern University) Series 2000A 2.29%, 04/07/05 6,700 6,700 BROWARD CNTY HFA +@ M/F Housing RB (Pembroke Village Apts) Series 2004 2.31%, 04/07/05 7,000 7,000 +@ M/F Housing RB (Sanctuary Apts) Series 1985 2.15%, 04/07/05 1,400 1,400 +@ M/F Housing Refunding RB (Reflections Apts) Series 1999 2.28%, 04/07/05 6,000 6,000 +@ M/F Housing Refunding RB (Water's Edge) Series 1997 2.28%, 04/07/05 400 400 +~@o S/F Mortgage RB Series 1999B 2.36%, 04/07/05 2,025 2,025 CAPE CORAL CP Notes + 1.48%, 04/04/05 6,000 6,000 + 2.00%, 06/02/05 10,600 10,600 CHARLOTTE CNTY +~@ Refunding RB Series 2003A 2.14%, 04/07/05 800 800 CHARLOTTE CNTY HFA +@ M/F Housing RB (Murdock Circle Apartments) Series 2000 2.34%, 04/07/05 7,000 7,000
1 SCHWAB FLORIDA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) COLLIER COUNTY HEALTH FACILITIES AUTH + RB (Cleveland Clinic Health System) Series 2003C-2 2.10%, 06/01/05 1,500 1,500 DADE CNTY IDA +@ IDRB (Michael-Ann Russell Jewish Community Ctr) Series 1997 2.29%, 04/07/05 4,185 4,185 +@ IDRB (South Florida Stadium Corp) Series 1985C 2.26%, 04/07/05 1,050 1,050 DAVIE +@ RB (United Jewish Community of Broward Cnty) Series 2003 2.30%, 04/07/05 5,600 5,600 ESCAMBIA HFA +~@o S/F RB Series 1997A 2.43%, 04/07/05 2,110 2,110 S/F RB Series 2001A +~@o 2.36%, 04/07/05 2,245 2,245 +~@o 2.40%, 04/07/05 1,835 1,835 ~@o S/F RB Series 2002A-1 2.45%, 09/29/05 3,220 3,220 EUSTIS +@ RB Installment 1997A 2.29%, 04/07/05 3,475 3,475 FLAGLER CNTY SD TAN Series 2004 1.78%, 06/15/05 9,900 9,925 FLORIDA +~@o Dept of Environmental Protection Preservation 2000 RB Series 1997B 2.32%, 04/07/05 22,980 22,980 FLORIDA DEPT OF ENVIRONMENTAL PROTECTION + Florida Forever Refunding RB Series 2003B 1.82%, 07/01/05 14,315 14,463 FLORIDA DEVELOPMENT FINANCE CORP. +@ IDRB (Central Farms) Series 1999A4 2.39%, 04/07/05 750 750 +@ IDRB (Schmitt Family Partnership) Series 1999A2 2.39%, 04/07/05 1,875 1,875 +@ IDRB (Sunshine State Christian Homes, Inc) Series 1999A3 2.39%, 04/07/05 1,160 1,160 +@ IDRB (Vutec Corp) Series 1999A1 2.39%, 04/07/05 1,600 1,600 +@ IDRB Enterprise Bond Program (Pioneer-Ram) Series 1998A3 2.39%, 04/07/05 980 980 FLORIDA HFA +~@o Homeowner Mortgage RB Series 2000-4 2.40%, 04/07/05 3,420 3,420 +@ Housing RB (Ashley Lake Park II) Series 1989J 2.30%, 04/07/05 4,985 4,985 +@ Housing RB (Caribbean Key Apts) Series 1996F 2.33%, 04/07/05 3,400 3,400 +@ Housing RB (Heron Park) Series 1996U 2.30%, 04/07/05 3,685 3,685 +@ Housing RB (Tiffany Club Apts) Series 1996P 2.33%, 04/07/05 7,150 7,150 +@ M/F Guaranteed Mortgage RB (Oaks at Regency) Series 1983K 2.28%, 04/07/05 625 625 +@ M/F Housing RB (Cameron Cove Apts) Series 1985XX 2.33%, 04/07/05 1,000 1,000 +@ M/F Housing Refunding RB (Reflections Apts) Series 2001K-A 2.30%, 04/07/05 1,900 1,900 +@ M/F Housing Refunding RB (South Pointe) Series 1998J 2.30%, 04/07/05 5,500 5,500 +@ M/F Mortgage RB (Clarcona Groves Apts) Series 2005A 2.33%, 04/07/05 4,250 4,250 +@ M/F Mortgage RB (Lynn Lake Apts) Series 2005B-1 2.35%, 04/01/05 10,100 10,100 +@ M/F Mortgage RB (Mill Creek Apts) Series 2004K 2.33%, 04/07/05 8,000 8,000 +@ M/F Mortgage RB (Pinnacle Pointe Apts) Series 2003N 2.33%, 04/07/05 7,915 7,915 +@ M/F Mortgage RB (Wellesley Apts) Series 20030 2.33%, 04/07/05 7,940 7,940 +@ M/F Mortgage RB (Wexford Apts) Series 2003P 2.33%, 04/07/05 8,035 8,035 +@ M/F Mortgage Refunding RB (Victoria Park Apts) Series 2002J-1 2.28%, 04/07/05 10,370 10,370 +@ RB (Heritage Pointe Apts) Series 1999I-1 2.33%, 04/07/05 1,000 1,000 +@ RB (Timberline Apts) Series 1999P 2.28%, 04/07/05 6,135 6,135 FLORIDA LOCAL GOVERNMENT FINANCE COMM Pooled TECP Series 1994A + 1.85%, 04/07/05 26,905 26,905 + 2.02%, 06/07/05 10,995 10,995 + 2.06%, 06/07/05 8,375 8,375 + Pooled TECP Series 1998B 2.11%, 06/07/05 9,601 9,601 FLORIDA PORTS FINANCING COMM + RB (Transportation Trust Fund) Series 1996 1.59%, 06/01/05 4,575 4,608 FLORIDA STATE BOARD OF EDUCATION Florida Board of Education Lottery RB Series 2005A +~@o 2.31%, 04/07/05 18,940 18,940 +~@o 2.32%, 04/07/05 3,350 3,350 +~@o Public Education Capital Outlay Bonds Series 1998A 2.31%, 04/07/05 11,000 11,000 ~@o Public Education Capital Outlay Bonds Series 1998E 2.31%, 04/07/05 12,280 12,280
2 SCHWAB FLORIDA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +~@o Public Education Capital Outlay Bonds Series 1999C 2.32%, 04/07/05 17,855 17,855 ~@o Public Education Capital Outlay Bonds Series 2001I 2.31%, 04/07/05 4,715 4,715 +~@o Public Education Capital Outlay Bonds Series 2003C 2.31%, 04/07/05 7,500 7,500 ~@o Public Education Capital Outlay Refunding Bonds Series 2001B 2.31%, 04/07/05 14,100 14,100 ~@o Public Education Capital Outlay Refunding Bonds Series 2005B 2.31%, 04/07/05 5,200 5,200 ~@o Public Education Capital Outlay Refunding Bonds Series 2005C 2.15%, 04/07/05 15,000 15,000 FORT PIERCE UTILITIES AUTH +~@o Utilities Refunding RB Series 2003 2.31%, 04/07/05 6,325 6,325 GAINESVILLE +@ IDRB (Exactech) Series 1997 2.34%, 04/07/05 2,400 2,400 +@ IDRB (Lifesouth Community Blood Centers) Series 1999 2.29%, 04/07/05 5,450 5,450 GREATER ORLANDO AVIATION AUTH + Airport Facilities Subordinated TECP Series B 2.08%, 05/17/05 27,890 27,890 +@ Airport Facility RB (Flightsafety International) Series 2003A 2.34%, 04/07/05 8,900 8,900 GULF BREEZE +~@ Local Government Loan Program RB Series 1985C 2.28%, 04/07/05 6,735 6,735 +~@ Local Government Loan Program RB Series 1985E 2.28%, 04/07/05 2,240 2,240 HILLSBOROUGH CNTY + Capital Improvement Program TECP Series B 1.97%, 04/07/05 2,700 2,700 + Solid Waste & Resource Recovery Refunding RB Series 2004 1.57%, 09/01/05 3,230 3,249 HILLSBOROUGH CNTY AVIATION AUTH Airport Facilities Subordinated TECP Series B + 2.03%, 05/05/05 14,400 14,400 + 2.08%, 05/17/05 10,000 10,000 +~@o Tampa International Airport RB Series 2003A 2.37%, 04/07/05 5,495 5,495 HILLSBOROUGH CNTY HFA +@ M/F Housing RB (Meridian Pointe Apts) Series 2005 2.34%, 04/07/05 6,600 6,600 HILLSBOROUGH CNTY IDA +@ Educational Facilities RB (Berkeley Preparatory School, Inc Project) Series 1999 2.29%, 04/07/05 4,545 4,545 +~@o IDRB (University Community Hospital) Series 1994 2.31%, 04/07/05 32,000 32,000 +@ RB (Independent Day School Project) Series 2000 2.35%, 04/07/05 1,900 1,900 HILLSBOROUGH CNTY PORT DISTRICT +~@o Refunding RB (Tampa Port Auth) Series 2005A 2.36%, 04/07/05 14,160 14,160 JACKSONVILLE ECONOMIC DEVELOPMENT COMM +@ RB (Bolles School Project) Series 1999A 2.29%, 04/07/05 2,920 2,920 +@ Refunding RB (YMCA of Florida First Coast) Series 2003 2.30%, 04/07/05 100 100 +@ Special Facility Airport RB (Holland Sheltair Aviation Group) Series 2005B 2.40%, 04/07/05 2,100 2,100 JACKSONVILLE ELECTRIC AUTH ~@o Merlot-2000FF 2.35%, 04/07/05 9,925 9,925 +~@ Water & Sewer System Subordinated RB Series 2003B 2.28%, 04/07/05 13,270 13,270 JACKSONVILLE PORT AUTH +~@o 1996 Port Facility RB 2.01%, 04/07/05 10,100 10,100 LAKE SHORE HOSPITAL AUTH +@ Health Facility RB (Lake Shore Hospital) Series 1991 2.29%, 04/07/05 3,000 3,000 LEE CNTY +~@o Airport RB Series 2000A 2.37%, 04/07/05 4,958 4,958 +@ Educational Facilities RB (Canterbury School Project) Series 1999 2.29%, 04/07/05 6,000 6,000 LEE CNTY HFA +@ M/F Housing RB (Crossings At Cape Coral Apts) Series 1999A 2.36%, 04/07/05 6,160 6,160 +@ M/F Housing RB (University Club Apts) Series 2002A 2.15%, 04/07/05 7,500 7,500 MANATEE CNTY HFA +@ M/F Housing RB (Centre Court Apts) Series 2000 2.34%, 04/07/05 3,760 3,760 +@ M/F Housing RB (La Mirada Gardens) Series 2002A 2.19%, 04/07/05 4,000 4,000 +@ M/F Housing RB (Sabal Palm Harbor Apts) Series 2000A 2.34%, 04/07/05 3,070 3,070 +@ M/F Housing RB (Sabal Palm Harbor Apts) Series 2000B 2.34%, 04/07/05 3,725 3,725
3 SCHWAB FLORIDA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ M/F Mortgage Refunding RB (Hampton Court) Series 1989A 2.29%, 04/07/05 3,500 3,500 MARION CNTY IDA +@ M/F Housing Refunding RB (Chambrel at Pinecastle Project) Series 2002 2.30%, 04/07/05 3,741 3,741 MIAMI HEALTH FACILITIES AUTH +@ Health Facilities RB (Miami Jewish Home & Hospital For the Aged) Series 1996 2.29%, 04/07/05 7,100 7,100 MIAMI-DADE CNTY Aviation TECP Miami International Airport Series A + 1.95%, 04/07/05 3,032 3,032 + 2.02%, 04/07/05 4,000 4,000 + 2.03%, 04/07/05 6,000 6,000 + 2.05%, 05/05/05 4,543 4,543 + 2.06%, 05/25/05 13,648 13,648 MIAMI-DADE CNTY HFA +@ M/F Mortgage RB Series 2003-3 2.33%, 04/07/05 9,150 9,150 MIAMI-DADE CNTY IDA +@ IDRB (Airbus Service Co) Series 1998A 2.39%, 04/07/05 8,480 8,480 +~@ IDRB (Airis Miami LLC) Series 1999A 2.28%, 04/07/05 3,600 3,600 +@ IDRB (Arctic Partners) Series 1999 2.39%, 04/07/05 2,280 2,280 +@ IDRB (Fine Art Lamps) Series 1998 2.34%, 04/07/05 1,600 1,600 +@ IDRB (Tarmac America) Series 2004 2.35%, 04/07/05 3,200 3,200 +@ RB (Belen Jesuit Preparatory School) Series 1999 2.29%, 04/07/05 6,665 6,665 +@ RB (Gulliver Schools) Series 2000 2.35%, 04/07/05 3,800 3,800 NASSAU CNTY +@ Pollution Control Private Activity RB (Rayonier) Series 1999 2.26%, 04/07/05 7,665 7,665 OCALA +~@o Utility Systems RB Series 2005B 2.31%, 04/07/05 5,555 5,555 OCEAN HIGHWAY & PORT AUTH +@ RB Series 1990 2.35%, 04/07/05 9,800 9,800 ORANGE CNTY HEALTH FINANCE AUTH Refunding Program RB (Pooled Hospital Loan) Series 1985 + 2.34%, 05/19/05 19,800 19,800 + 2.25%, 05/26/05 16,100 16,100 ORANGE CNTY HFA +@ Housing Refunding RB (Highland Pointe Apts) Series 1998J 2.01%, 04/07/05 7,455 7,455 +@ M/F Guaranteed Mortgage Refunding RB (Sundown Associates II) Series 1989A 1.82%, 04/07/05 4,600 4,600 +@ M/F Housing RB (Glenn On Millenia Boulevard) Series 2001C 2.30%, 04/07/05 3,355 3,355 +@ M/F Housing RB (Palm Key Apts) Series 1997C 2.29%, 04/07/05 5,000 5,000 +@ M/F Housing RB (West Pointe Villas Apts) Series 2000F 2.33%, 04/07/05 5,750 5,750 +@ M/F Housing RB (Windsor Pines) Series 2000E 2.34%, 04/07/05 3,200 3,200 +@ M/F Housing Refunding RB (Andover Place Apts) Series 1998F 2.33%, 04/07/05 7,770 7,770 +@ M/F Housing Refunding RB (Smokewood/Sun Key Apts) Series 1992A 2.30%, 04/07/05 15,450 15,450 ORANGE CNTY IDA +@ IDRB (Central Florida Kidney Centers) Series 2000 2.29%, 04/07/05 5,000 5,000 +@ IDRB (Central Florida YMCA) Series 2002A 2.35%, 04/07/05 4,400 4,400 +@ IDRB (Goodwill Industries of Central Florida) Series 1999 2.29%, 04/07/05 6,000 6,000 ORLANDO UTILITIES COMM ~@ Water & Electric RB Series 2002B 2.30%, 04/07/05 4,300 4,300 PALM BEACH CNTY +@ Airport RB (Galaxy Aviation) Series 2000A 2.34%, 04/07/05 6,000 6,000 +@ IDBR (South Florida Blood Banks Project) Series 2002 2.29%, 04/07/05 8,075 8,075 +@ IDRB (Palm Beach Day School) Series 1999 2.29%, 04/07/05 7,000 7,000 +@ RB (Benjamin Private School) Series 2003 2.30%, 04/07/05 4,500 4,500 +@ RB (Comprehensive Alcoholism Rehabilitation Programs) Series 2000 2.29%, 04/07/05 5,100 5,100 +@ RB (Norton Gallery & School of Art) Series 1995 2.30%, 04/07/05 2,500 2,500 +@ RB (Zoological Society of the Palm Beaches) Series 2001 2.35%, 04/07/05 5,500 5,500 PALM BEACH CNTY EDUCATIONAL FACILITIES AUTH +@ Educational Facilities RB (Lynn Univ) Series 2001 2.30%, 04/07/05 3,300 3,300 PALM BEACH CNTY HFA +@ M/F Housing RB (Azalea Place Apts) Series 1999A 2.36%, 04/07/05 3,000 3,000 +@ M/F Housing Refunding RB (Emerald Bay Club Apts) Series 2004 2.31%, 04/07/05 6,500 6,500
4 SCHWAB FLORIDA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ M/F Housing Refunding RB (Spinnaker Landing Apts) Series 1998 2.35%, 04/07/05 2,745 2,745 PASCO CNTY SD +~@ COP Series 1996 2.28%, 04/07/05 2,000 2,000 PINELLAS CNTY EDUCATIONAL FACILITIES AUTH +@ Refunding RB (Canterbury School of Florida) Series 2004 2.29%, 04/07/05 4,645 4,645 PINELLAS CNTY HFA ~@o S/F Housing RB Series 1999B-1 2.36%, 04/07/05 1,755 1,755 PINELLAS CNTY IDA +@ IDRB (H & S Swansons Tool Co) Series 2001 2.34%, 04/07/05 3,275 3,275 +@ IDRB (Restorative Care of America) Series 2001 2.44%, 04/07/05 1,630 1,630 POLK CNTY IDA +@ IDRB (Lifepath Hospice & Palliative Care) Series 2004 2.29%, 04/07/05 6,600 6,600 +@ IDRB (Pavermodule) Series 1998 2.34%, 04/07/05 3,010 3,010 POLK CNTY UTILITY SYSTEM +~@o Utility System RB Series 2004A 2.31%, 04/07/05 3,495 3,495 PORT ST. LUCIE +~@ Utility System Refunding RB Series 2004A 2.30%, 04/07/05 5,000 5,000 SARASOTA CNTY +@ RB (Sarasota Family YMCA) Series 1999 2.29%, 04/07/05 2,470 2,470 SEMINOLE CNTY IDA +@ IDRB (Amrhein Family Limited Partnership) Series 2001 2.34%, 04/07/05 4,275 4,275 SEMINOLE CNTY SD TAN Series 2004 2.01%, 08/24/05 24,250 24,342 SOUTHEAST VOLUSIA HOSPITAL DISTRICT +@ RB (Bert Fish Medical Center) Series 1995 2.37%, 04/07/05 11,050 11,050 ST. PETERSBURG +@ Capital Improvement RB (Airport & Golf Course) Series 1997B 2.28%, 04/07/05 1,830 1,830 +@ Capital Improvement RB (Airport) Series 1997C 2.34%, 04/07/05 335 335 SUMTER CNTY IDA +@ IDRB (Robbins Mfg Co) Series 1997 2.39%, 04/07/05 1,300 1,300 SUNSHINE STATE GOVERNMENT FINANCING COMM +~ CP Revenue Notes (Miami-Dade Cnty Program) Series G 2.05%, 05/05/05 4,539 4,539 TAMPA +@ Educational Facilities RB (Pepin Academy of Tampa) Series 2002 2.33%, 04/07/05 3,875 3,875 +@ Health Care Facilities RB (Lifelink Foundation) Series 1997 2.29%, 04/07/05 4,800 4,800 +@ RB (Tampa Preparatory School) Series 2000 2.30%, 04/07/05 6,500 6,500 TAMPA BAY WATER AUTH +~@o Utility System Refunding & Improvement RB Series 2001A 2.36%, 04/07/05 5,200 5,200 WEST ORANGE HEALTHCARE DISTRICT +@ RB Series 1999B 2.25%, 04/07/05 2,900 2,900 ----------- 1,056,495 HAWAII 0.5% HAWAII + Airports System Refunding RB Series 2001 1.68%, 07/01/05 6,000 6,057 ILLINOIS 0.7% CHICAGO +~@o O'Hare International Airport General Airport Third Lien RB Series 2003B-2 2.35%, 04/07/05 8,595 8,595 INDIANA 0.4% INDIANA HFA ~@o S/F Mortgage RB Series 2002B 2.40%, 04/07/05 4,455 4,455 KENTUCKY 1.0% KENTUCKY HOUSING CORP. ~@o Housing RB Series 1998B 1.62%, 07/21/05 11,995 11,995 MASSACHUSETTS 2.1% ARLINGTON School BAN 1.53%, 07/21/05 8,000 8,035 EVERETT BAN 1.82%, 09/09/05 7,875 7,915 RALPH C. MAHAR REGIONAL SD BAN 1.69%, 07/14/05 9,700 9,736 ----------- 25,686 MICHIGAN 1.8% WAYNE CNTY +~@ Airport RB (Detroit Metropolitan Wayne Cnty Airport) Series 2002A 2.33%, 04/07/05 450 450 +~@ Airport Refunding RB (Detroit Metropolitan Wayne County Airport) Series 1996B 2.33%, 04/07/05 20,950 20,950 ----------- 21,400
5 SCHWAB FLORIDA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) OREGON 0.0% PORTLAND TAN (Fire & Police Disability & Retirement Fund) Series 2004 1.60%, 06/29/05 60 60 TEXAS 1.4% DALLAS FORT WORTH INTERNATIONAL AIRPORT +~@o Joint Improvement & Refunding RB Series 2001A 2.35%, 04/07/05 7,495 7,495 +~@o Joint RB Series 2003A 2.36%, 04/07/05 3,000 3,000 HOCKLEY INDUSTRIAL DEVELOPMENT CORP. @ Pollution Control RB (AMOCO) Series 1983 2.10%, 09/01/05 7,225 7,225 ----------- 17,720 WISCONSIN 0.4% NEW BERLIN SD Note Anticipation Notes 1.95%, 04/15/05 5,000 5,001
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $1,220,229. 6 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB MONEY MARKET FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information about the securities, please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. * Asset-backed security + Credit-enhanced security o Restricted and/or illiquid security For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except for U.S. government agency coupon notes and U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) --------------------------------------------------------------------------------- 67.8% FIXED-RATE OBLIGATIONS 29,363,045 29,363,045 0.7% U.S. GOVERNMENT SECURITIES 295,000 295,000 18.3% VARIABLE-RATE OBLIGATIONS 7,958,949 7,958,949 13.4% OTHER INVESTMENTS 5,803,030 5,803,030 --------------------------------------------------------------------------------- 100.2% TOTAL INVESTMENTS 43,420,024 43,420,024 (0.2)% OTHER ASSETS AND LIABILITIES (98,263) --------------------------------------------------------------------------------- 100.0% NET ASSETS 43,321,762
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FIXED-RATE OBLIGATIONS 67.8% of net assets COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 35.5% -------------------------------------------------------------------------- AB SPINTAB 2.95%, 08/08/05 137,000 135,573 ALLIANCE & LEICESTER, PLC, SECTION 4(2) / 144A 2.80%, 06/10/05 94,000 93,494 3.15%, 09/08/05 70,000 69,036 3.20%, 09/12/05 40,000 39,426 + ALLIED IRISH BANKS NORTH AMERICA 2.97%, 05/31/05 21,000 20,897 * AMSTEL FUNDING CORP., SECTION 4(2) / 144A 2.97%, 05/31/05 184,000 183,098 2.95%, 08/10/05 32,096 31,756 *+ AMSTERDAM FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/12/05 175,000 174,859 2.71%, 04/13/05 25,000 24,978 2.64%, 04/20/05 36,200 36,150 2.79%, 04/26/05 40,000 39,923 *+ AQUINAS FUNDING, L.L.C., SECTION 4(2) / 144A 2.42%, 04/05/05 11,000 10,997 2.18%, 04/14/05 46,000 45,964 2.51%, 05/17/05 29,000 28,908 2.73%, 06/20/05 26,000 25,844 2.78%, 06/20/05 47,000 46,714 3.02%, 06/21/05 10,000 9,933 3.15%, 09/02/05 45,000 44,403 *+ ASAP FUNDING LTD., SECTION 4(2) / 144A 2.69%, 04/05/05 114,000 113,966 2.69%, 04/20/05 26,000 25,963 2.82%, 04/26/05 10,000 9,980 2.83%, 04/26/05 85,000 84,834 2.84%, 05/04/05 55,000 54,857 2.98%, 06/01/05 51,000 50,744 *+ ATLANTIC ASSET SECURITIZATION CORP., SECTION 4(2) / 144A 2.67%, 04/01/05 39,659 39,659 * ATLANTIS ONE FUNDING CORP., SECTION 4(2) / 144A 2.20%, 04/08/05 40,000 39,983 2.77%, 04/19/05 100,282 100,144 2.77%, 04/21/05 91,298 91,158 2.84%, 07/14/05 279,000 276,743 2.87%, 07/20/05 146,470 145,203 2.87%, 07/21/05 60,882 60,351 2.87%, 07/22/05 50,000 49,560 3.15%, 09/15/05 196,012 193,193 3.25%, 09/20/05 120,000 118,165 BANK OF AMERICA CORP. 2.59%, 04/04/05 280,000 279,940 2.63%, 04/12/05 255,000 254,796 2.78%, 04/25/05 27,200 27,150 BEAR STEARNS COMPANIES, INC. 2.74%, 04/22/05 160,000 159,745 3.03%, 06/21/05 97,000 96,343 *+ BETA FINANCE, INC., SECTION 3C7 / 144A 2.17%, 04/13/05 55,000 54,961 2.63%, 04/19/05 31,000 30,960 2.72%, 04/21/05 36,000 35,946 2.83%, 05/16/05 49,000 48,828 2.90%, 06/06/05 86,000 85,546 * CC (USA), INC., SECTION 3C7 / 144A 2.63%, 04/18/05 64,032 63,953 2.65%, 04/22/05 12,500 12,481 2.68%, 04/27/05 12,150 12,127 2.90%, 06/06/05 102,500 101,959 2.78%, 07/07/05 15,000 14,889 *+ CHARIOT FUNDING, L.L.C., SECTION 4(2) / 144A 2.67%, 04/01/05 23,719 23,719 2.67%, 04/05/05 21,273 21,267 CITICORP 2.78%, 04/25/05 75,000 74,862 2.78%, 04/26/05 275,000 274,471 CITIGROUP GLOBAL MARKETS HOLDINGS, INC. 2.63%, 04/20/05 182,000 181,748 2.63%, 04/21/05 260,000 259,622 2.78%, 04/28/05 60,000 59,875 2.66%, 05/02/05 280,000 279,363
1 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.66%, 05/03/05 100,000 99,765 *+ CLIPPER RECEIVABLES CO., SECTION 4(2) / 144A 2.68%, 04/05/05 161,330 161,282 *+ CONCORD MINUTEMEN CAPITAL CO., SECTION 3C7 / 144A 2.51%, 05/10/05 98,000 97,737 2.80%, 05/17/05 50,000 49,822 2.84%, 05/24/05 50,000 49,792 2.81%, 07/06/05 30,000 29,778 2.83%, 07/06/05 69,000 68,487 2.96%, 08/11/05 50,000 49,465 3.07%, 08/16/05 152,252 150,499 3.01%, 08/18/05 69,000 68,211 *+ CROWN POINT CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.63%, 04/01/05 69,616 69,616 2.69%, 04/05/05 100,220 100,190 2.63%, 04/18/05 71,974 71,885 2.64%, 04/18/05 117,427 117,282 2.29%, 04/20/05 68,500 68,418 2.48%, 04/20/05 32,000 31,959 2.95%, 08/08/05 99,000 97,969 * DAKOTA CP NOTES OF CITIBANK CREDIT CARD ISSUANCE TRUST, SECTION 4(2) / 144A 2.61%, 04/05/05 10,000 9,997 2.63%, 04/06/05 287,000 286,896 2.64%, 04/06/05 120,000 119,956 2.73%, 04/13/05 19,000 18,983 2.66%, 04/19/05 119,000 118,842 2.82%, 04/20/05 76,000 75,887 2.82%, 04/22/05 30,000 29,951 2.81%, 04/25/05 158,000 157,705 2.82%, 04/26/05 50,000 49,902 2.76%, 05/05/05 30,000 29,922 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.68%, 04/27/05 8,000 7,985 2.92%, 06/09/05 10,000 9,944 2.78%, 07/07/05 50,000 49,631 2.82%, 07/15/05 20,000 19,838 *+ EDISON ASSET SECURITIZATION CORP., L.L.C., SECTION 4(2) / 144A 2.60%, 04/01/05 75,000 75,000 2.68%, 04/22/05 90,000 89,860 *+ EIFFEL FUNDING, L.L.C., SECTION 4(2) / 144A 2.67%, 04/13/05 23,000 22,980 2.78%, 04/18/05 25,000 24,967 2.77%, 04/21/05 25,000 24,962 2.68%, 04/22/05 45,000 44,930 2.66%, 04/25/05 164,000 163,711 2.82%, 04/26/05 25,000 24,951 2.95%, 05/23/05 22,000 21,907 2.95%, 05/24/05 20,000 19,913 *+ FAIRWAY FINANCE CO., L.L.C., SECTION 4(2) / 144A 2.62%, 04/06/05 60,250 60,228 2.17%, 04/07/05 11,000 10,996 2.96%, 07/28/05 11,153 11,046 * GALAXY FUNDING, INC., SECTION 4(2) / 144A 2.61%, 04/07/05 46,600 46,579 2.62%, 04/08/05 40,000 39,980 2.73%, 04/11/05 55,000 54,958 2.64%, 04/19/05 50,000 49,934 3.01%, 06/21/05 34,000 33,771 GENERAL ELECTRIC CAPITAL SERVICES 2.68%, 04/21/05 194,000 193,712 GENERAL ELECTRIC CAPITAL CORP. 2.68%, 04/21/05 30,000 29,956 2.64%, 04/22/05 274,000 273,581 2.78%, 04/28/05 230,000 229,522 2.78%, 04/29/05 235,000 234,494 3.02%, 06/23/05 249,000 247,278 2.86%, 07/20/05 371,000 367,803 * GIRO FUNDING U. S. CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 30,000 29,975 2.64%, 04/15/05 43,966 43,921 2.79%, 04/27/05 75,000 74,849 2.80%, 04/29/05 50,000 49,891 2.83%, 04/29/05 100,000 99,781 2.95%, 05/26/05 45,000 44,798 *+ GRAMPIAN FUNDING, L.L.C., SECTION 4(2) / 144A 2.20%, 04/19/05 113,000 112,877 *+ GREYHAWK FUNDING, L.L.C., SECTION 4(2) / 144A 2.26%, 04/26/05 7,000 6,989 HSBC U.S.A., INC. 2.29%, 05/06/05 55,000 54,879 + ING (U.S.) FUNDING, L.L.C. 2.66%, 04/01/05 35,000 35,000 IRISH LIFE & PERMANENT, PLC, SECTION 4(2) / 144A 2.29%, 05/02/05 55,000 54,893 2.48%, 05/17/05 100,000 99,687 2.48%, 05/18/05 20,000 19,936 + IXIS COMMERCIAL PAPER CORP., SECTION 4(2) / 144A 2.99%, 06/22/05 64,000 63,567 *+ JUPITER SECURITIZATION CORP., SECTION 4(2) / 144A 2.80%, 04/05/05 12,766 12,762 * K2 (USA), L.L.C., SECTION 3C7 / 144A 2.70%, 04/25/05 121,000 120,784 2.80%, 05/09/05 7,300 7,279 2.71%, 05/31/05 4,800 4,779 2.84%, 07/15/05 21,800 21,622 3.07%, 08/25/05 98,700 97,489 3.15%, 09/09/05 38,200 37,670 3.25%, 09/19/05 14,000 13,787 3.35%, 10/03/05 100,000 98,309 + KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD., SECTION 4(2) / 144A 2.16%, 04/01/05 50,000 50,000 2.60%, 06/06/05 123,000 122,420 *+ KITTY HAWK FUNDING CORP., SECTION 4(2) / 144A 3.25%, 09/20/05 15,000 14,771 *+ LEXINGTON PARKER CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.48%, 05/13/05 62,000 61,823 2.92%, 06/01/05 71,492 71,141 2.86%, 07/18/05 14,000 13,882 2.88%, 07/25/05 45,000 44,592 3.07%, 08/16/05 100,000 98,849 3.07%, 08/23/05 10,000 9,879
2 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 3.15%, 09/01/05 225,000 222,036 * MANE FUNDING CORP., SECTION 4(2) / 144A 2.67%, 04/26/05 40,217 40,143 2.98%, 06/16/05 75,000 74,531 3.01%, 06/21/05 50,000 49,664 MORGAN STANLEY 2.73%, 04/20/05 155,000 154,777 2.78%, 04/27/05 190,000 189,620 2.78%, 04/28/05 195,000 194,595 * NEWCASTLE CERTIFICATES PROGRAM, SECTION 4(2) / 144A 2.67%, 04/19/05 50,000 49,934 2.73%, 04/19/05 121,000 120,835 2.98%, 06/16/05 129,000 128,194 *+ NIEUW AMSTERDAM RECEIVABLES CORP., SECTION 4(2) / 144A 2.64%, 04/05/05 29,424 29,415 2.69%, 04/11/05 72,467 72,413 2.67%, 04/13/05 13,789 13,777 2.66%, 04/19/05 70,167 70,074 2.89%, 07/13/05 13,000 12,894 2.93%, 07/28/05 30,449 30,161 2.96%, 08/08/05 10,000 9,895 + NORDEA NORTH AMERICA, INC. 3.04%, 06/22/05 10,000 9,931 *+ OLD LINE FUNDING, L.L.C., SECTION 4(2) / 144A 2.71%, 04/12/05 22,148 22,130 2.72%, 04/19/05 17,688 17,664 2.72%, 04/20/05 10,000 9,986 2.79%, 04/26/05 28,662 28,607 * PARK GRANADA, L.L.C., SECTION 4(2) / 144A 2.83%, 05/03/05 157,000 156,606 *+ PREFERRED RECEIVABLES FUNDING CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 23,954 23,934 + SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.12%, 04/05/05 88,000 87,979 2.81%, 07/13/05 210,000 208,333 *+ SCALDIS CAPITAL LTD., SECTION 4(2) / 144A 2.71%, 04/07/05 50,000 49,978 2.86%, 07/15/05 82,249 81,573 3.33%, 09/19/05 111,547 109,812 3.33%, 09/27/05 21,000 20,658 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.63%, 04/07/05 34,000 33,985 2.80%, 05/23/05 87,000 86,651 2.69%, 06/15/05 45,000 44,752 3.01%, 06/24/05 32,000 31,778 2.81%, 07/01/05 27,000 26,811 3.15%, 09/02/05 45,000 44,403 SKANDINAVISKA ENSKILDA BANKEN AB 2.63%, 04/15/05 50,000 49,949 2.81%, 07/12/05 70,000 69,451 3.25%, 09/16/05 55,000 54,179 SOCIETE GENERALE 2.73%, 07/06/05 150,000 148,924 + SVENSKA HANDELSBANKEN, INC. 2.67%, 04/25/05 170,000 169,699 *+ THUNDER BAY FUNDING, L.L.C., SECTION 4(2) / 144A 2.21%, 04/11/05 40,497 40,472 2.72%, 04/20/05 15,173 15,151 2.66%, 04/21/05 82,000 81,880 2.68%, 04/21/05 15,000 14,978 *+ TRIPLE-A ONE FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/04/05 30,643 30,636 * WHITE PINE FINANCE, L.L.C., SECTION 3C7 / 144A 2.18%, 04/11/05 35,000 34,979 2.22%, 04/27/05 40,301 40,237 2.62%, 05/04/05 14,522 14,487 2.54%, 05/23/05 28,000 27,898 2.60%, 05/25/05 29,879 29,764 2.60%, 06/02/05 40,736 40,556 2.61%, 06/06/05 19,256 19,165 2.73%, 06/06/05 13,000 12,936 2.92%, 07/07/05 10,381 10,300 *+ WINDMILL FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/07/05 60,000 59,974 2.68%, 04/08/05 16,872 16,863 2.71%, 04/12/05 19,000 18,984 2.65%, 04/22/05 35,000 34,946 2.79%, 04/28/05 32,000 31,933 *+ YORKTOWN CAPITAL, L.L.C., SECTION 4(2) / 144A 2.77%, 04/01/05 300,000 300,000 2.80%, 04/08/05 9,817 9,812 ----------- 15,365,185 CERTIFICATES OF DEPOSIT 29.8% -------------------------------------------------------------------------- + ABBEY NATIONAL TREASURY SERVICES, PLC 2.70%, 04/15/05 150,000 150,000 ABN-AMRO BANK, N.V. 2.63%, 04/20/05 173,000 173,000 ALLIANCE & LEICESTER, PLC 3.32%, 10/18/05 55,000 54,899 AMERICAN EXPRESS CENTURION BANK 2.65%, 04/01/05 100,000 100,000 2.63%, 04/05/05 25,000 25,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.66%, 04/06/05 300,000 300,000 2.68%, 04/11/05 120,000 120,000 2.96%, 06/01/05 10,000 10,000 2.77%, 07/06/05 220,000 220,000 BANK OF MONTREAL 2.70%, 04/15/05 25,000 25,000 BANK OF NOVA SCOTIA 2.66%, 04/07/05 500,000 500,000 BANK OF THE WEST 2.66%, 04/05/05 75,000 75,000 2.70%, 04/11/05 94,000 94,000 3.33%, 09/27/05 46,000 46,000 BANK OF TOKYO-MITSUBISHI, LTD. 2.80%, 04/28/05 175,000 175,000 BARCLAYS BANK, PLC 2.70%, 04/12/05 243,000 243,000 BAYERISCHE LANDESBANK GIROZENTRALE 1.50%, 05/06/05 250,000 249,996 1.71%, 05/23/05 68,000 67,999 BNP PARIBAS 2.71%, 06/29/05 72,000 72,000 CALYON 2.61%, 04/08/05 97,000 97,000
3 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) CANADIAN IMPERIAL BANK OF COMMERCE 2.61%, 04/08/05 44,000 44,000 2.72%, 07/05/05 338,000 338,000 CREDIT SUISSE FIRST BOSTON 2.62%, 04/01/05 10,000 10,000 2.65%, 04/19/05 90,000 90,000 2.66%, 04/22/05 99,000 99,000 2.95%, 05/31/05 537,000 537,000 DEPFA BANK, PLC 2.77%, 07/05/05 20,000 20,000 3.11%, 09/01/05 80,000 80,000 DEUTSCHE BANK, AG 2.67%, 04/07/05 100,000 100,000 2.66%, 04/08/05 100,000 100,000 2.78%, 04/27/05 540,000 540,000 2.75%, 05/19/05 620,000 620,000 1.60%, 05/20/05 200,000 200,000 DEXIA BANK BELGIUM 1.50%, 05/04/05 120,000 119,998 DEXIA CREDIT LOCAL 2.71%, 04/25/05 80,000 80,000 2.71%, 04/26/05 198,000 198,000 + HBOS TREASURY SERVICES, PLC 2.91%, 06/13/05 70,000 70,001 2.73%, 06/29/05 195,000 195,000 HSBC BANK PLC 3.03%, 08/22/05 260,000 260,000 HSH NORDBANK, AG 1.51%, 04/18/05 16,000 16,000 1.61%, 05/20/05 99,000 98,997 ING BANK, N.V. 2.78%, 04/29/05 375,000 375,000 LANDESBANK HESSEN-THURINGEN GIROZENTRALE 3.15%, 09/12/05 200,000 200,004 LLOYDS TSB BANK, PLC 2.71%, 04/13/05 343,000 343,001 2.71%, 04/14/05 400,000 400,001 MIZUHO CORPORATE BANK LTD. 2.97%, 05/27/05 170,000 170,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 2.63%, 04/14/05 45,000 45,000 1.51%, 05/13/05 150,000 149,997 1.63%, 05/16/05 33,000 32,999 1.60%, 05/20/05 33,000 33,000 RABOBANK NEDERLAND 2.81%, 05/03/05 167,000 167,000 ROYAL BANK OF CANADA 2.70%, 04/14/05 234,000 234,000 2.70%, 04/15/05 350,000 350,000 2.82%, 05/06/05 60,000 60,000 ROYAL BANK OF SCOTLAND, PLC 1.75%, 05/27/05 246,000 245,994 2.17%, 07/01/05 145,000 144,991 SOCIETE GENERALE 3.23%, 09/23/05 200,000 200,000 SVENSKA HANDELSBANKEN AB 2.63%, 04/05/05 50,000 50,000 2.62%, 04/13/05 215,000 215,000 TORONTO DOMINION BANK 2.66%, 04/08/05 79,000 79,000 2.30%, 05/12/05 15,000 15,000 U.S. BANK, N.A. 2.68%, 04/07/05 10,000 10,000 2.83%, 05/06/05 110,000 110,000 2.86%, 08/03/05 150,000 150,000 3.20%, 09/15/05 20,000 20,000 3.34%, 10/03/05 304,000 304,000 UBS, AG 2.61%, 04/01/05 10,000 10,000 1.40%, 04/04/05 100,000 100,000 2.63%, 04/04/05 210,000 210,000 2.66%, 04/08/05 325,000 325,000 1.86%, 06/07/05 150,000 149,995 UNICREDITO ITALIANO SPA 2.70%, 06/24/05 280,000 280,000 WASHINGTON MUTUAL BANK, FA 2.67%, 04/05/05 75,000 74,999 2.72%, 04/15/05 103,000 102,997 2.80%, 04/29/05 20,000 20,000 3.27%, 09/26/05 145,000 145,000 WELLS FARGO BANK, N.A. 2.83%, 05/09/05 350,000 349,996 2.83%, 05/10/05 400,000 399,996 WILMINGTON TRUST CO. 2.81%, 07/05/05 42,000 42,000 ----------- 12,927,860 BANK NOTES 2.0% -------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.98%, 08/19/05 300,000 300,000 2.98%, 08/23/05 310,000 310,000 LASALLE NATIONAL BANK, N.A. 2.69%, 04/11/05 120,000 120,000 STANDARD FEDERAL BANK, N.A. 2.63%, 04/11/05 90,000 90,000 2.67%, 04/13/05 50,000 50,000 ----------- 870,000 PROMISSORY NOTES 0.5% -------------------------------------------------------------------------- o THE GOLDMAN SACHS GROUP, INC. 2.80%, 06/30/05 110,000 110,000 2.85%, 07/06/05 50,000 50,000 2.93%, 07/15/05 40,000 40,000 ----------- 200,000 U.S. GOVERNMENT SECURITIES 0.7% of net assets FANNIE MAE 1.35%, 04/28/05 70,000 70,000 1.50%, 05/09/05 125,000 125,000 1.61%, 05/13/05 100,000 100,000 ----------- 295,000 VARIABLE-RATE OBLIGATIONS 18.3% of net assets + ABAG FINANCIAL AUTHORITY FOR NONPROFIT CORPS., CALIFORNIA RB (Public Pole Institute) Series 2002B 2.91%, 04/07/05 17,830 17,830
4 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) + ABBEY NATIONAL TREASURY SERVICES, PLC 2.78%, 04/26/05 20,000 19,999 + ALBUQUERQUE, NEW MEXICO AIRPORT RB Series 2000B 2.91%, 04/06/05 16,200 16,200 BANK OF NEW YORK CO., INC., 144A 2.87%, 04/27/05 75,000 75,000 BARCLAYS BANK, PLC 2.73%, 04/15/05 585,000 584,950 2.74%, 04/18/05 45,000 44,979 2.78%, 04/25/05 50,000 49,998 2.78%, 04/29/05 320,000 319,939 *+ BETA FINANCE, INC., SECTION 3C7 / 144A 2.75%, 04/14/05 200,000 199,968 BNP PARIBAS 2.77%, 04/22/05 400,000 399,958 + BROOKS COUNTY, GEORGIA DEVELOPMENT AUTHORITY RB (Langboard, Inc. Project) 2.86%, 04/07/05 8,400 8,400 CANADIAN IMPERIAL BANK OF COMMERCE 2.87%, 04/15/05 100,000 100,000 + CFM INTERNATIONAL, INC., 144A 2.85%, 04/07/05 20,000 20,000 CHASE MANHATTAN BANK (USA) 2.72%, 04/11/05 150,000 150,000 + COOK COUNTY, ILL. Series 2004D 2.88%, 04/07/05 30,000 30,000 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.79%, 03/31/05 47,000 46,999 2.75%, 04/14/05 100,000 99,984 FANNIE MAE 2.42%, 04/04/05 195,000 194,936 2.73%, 04/29/05 280,000 279,945 FEDERAL HOME LOAN BANK 2.64%, 04/05/05 250,000 249,936 o GE LIFE & ANNUITY ASSURANCE CO. 2.77%, 04/01/05 50,000 50,000 2.79%, 04/01/05 150,000 150,000 GENERAL ELECTRIC CAPITAL CORP. 2.86%, 04/11/05 175,000 175,000 2.93%, 04/18/05 75,000 75,000 + HBOS TREASURY SERVICE, PLC 2.68%, 04/04/05 26,000 26,000 2.81%, 04/26/05 160,000 160,000 HSH NORDBANK, AG 2.70%, 04/11/05 80,000 79,989 o J.P. MORGAN SECURITIES, INC. 2.69%, 04/01/05 200,000 200,000 LANDESBANK BADEN-WURTTEMBERG 2.74%, 04/13/05 15,000 14,998 2.79%, 04/22/05 50,000 49,990 *+ LEXINGTON PARKER CAPITAL CO. L.L.C. SECTION 4(2) / 144A 2.71%, 04/11/05 35,000 34,999 * LIBERTY LIGHTHOUSE U.S. CAPITAL CO. L.L.C. 4(2) / 144A 2.68%, 04/04/05 100,000 99,988 2.82%, 04/19/05 20,000 19,998 2.82%, 04/25/05 50,000 50,000 2.81%, 04/26/05 75,000 74,994 2.81%, 04/27/05 20,000 19,998 *+ LINKS FINANCE, L.L.C., SECTION 3C7 / 144A 2.79%, 04/14/05 27,000 27,000 2.76%, 04/15/05 22,000 21,996 2.80%, 04/20/05 100,000 99,996 2.81%, 04/25/05 80,000 79,995 2.84%, 04/26/05 25,000 25,001 + LOANSTAR ASSETS PARTNERS II, L.P. 2.85%, 04/07/05 45,000 45,000 + LOWNDES CORP., GEORGIA, 144A Taxable Demand Bond Series 1997 2.88%, 04/07/05 3,500 3,500 + MERLOT TRUST SECTION 4(2) / 144A Series 2000B 3.01%, 04/07/05 32,630 32,630 Series 2001A67 3.01%, 04/07/05 35,065 35,065 Series 2001A7 3.01%, 04/07/05 15,470 15,470 o METROPOLITAN LIFE INSURANCE CO. 2.76%, 04/01/05 100,000 100,000 2.74%, 04/30/05 50,000 50,000 o MONUMENTAL LIFE INSURANCE CO. 2.86%, 04/01/05 100,000 100,000 MORGAN STANLEY 2.71%, 04/04/05 240,000 240,000 + NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY Adjustable Rate Lease Revenue Taxable Bonds (Barnes & Noble, Inc. Distribution & Freight Consolidation Center Project) Series 1995A 2.82%, 04/07/05 13,310 13,310 Adjustable Rate Lease Revenue Taxable Bonds (Barnes & Noble, Inc. Distribution & Freight Consolidation Center Project) Series 1995B 2.82%, 04/07/05 10,000 10,000 Adjustable Rate Lease Revenue Taxable Bonds (Camden Center Project) Series 2002A 2.82%, 04/07/05 21,480 21,480 Adjustable Rate Lease Revenue Taxable Bonds (Camden Center Project) Series 2002B 2.82%, 04/07/05 20,000 20,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 2.73%, 04/12/05 80,000 79,991 2.77%, 04/18/05 50,000 49,995 ROYAL BANK OF CANADA 2.78%, 04/11/05 60,000 60,000 ROYAL BANK OF SCOTLAND, PLC 2.73%, 03/31/05 200,000 199,988 + SANTA ROSA, CALIFORNIA Pension Obligation Revenue Taxable Bonds Series 2003A 2.91%, 04/07/05 10,000 10,000 + SE CHRISTIAN CHURCH, JEFFERSON COUNTY, KENTUCKY Series 2003 2.86%, 04/07/05 9,800 9,800 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.76%, 04/15/05 236,000 235,973 2.79%, 04/15/05 110,000 110,010
5 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.80%, 04/15/05 65,000 65,003 2.80%, 04/20/05 50,000 49,998 2.80%, 05/02/05 72,000 71,993 2.80%, 11/29/05 109,000 108,980 + SISTERS OF MERCY OF THE AMERICAS REGIONAL COMMUNITY OF OMAHA, NEBRASKA Series 2001 2.86%, 04/07/05 11,860 11,860 SOCIETE GENERALE 2.76%, 04/18/05 80,000 79,993 o THE GOLDMAN SACHS GROUP, INC. 2.76%, 04/04/05 25,000 25,000 2.89%, 04/22/05 185,000 185,000 2.89%, 04/28/05 140,000 140,000 o THE GOLDMAN SACHS GROUP, INC., 144A 2.81%, 04/11/05 225,000 225,000 o TRAVELERS INSURANCE CO. 2.90%, 04/29/05 100,000 100,000 UBS, AG 2.75%, 04/18/05 720,000 719,946 WELLS FARGO & CO., 144A 2.77%, 04/04/05 75,000 75,000 2.78%, 04/15/05 165,000 165,003 WESTLB, AG 2.80%, 04/20/05 50,000 49,998 ----------- 7,958,949
MATURITY AMOUNT SECURITY ($ x 1,000) OTHER INVESTMENTS 13.4% of net assets REPURCHASE AGREEMENTS 13.4% -------------------------------------------------------------------------- BANK OF AMERICA SECURITIES L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $923,100 2.89%, issued 03/31/05, due 04/01/05 905,073 905,000 CREDIT SUISSE FIRST BOSTON L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $270,333 2.89%, issued 03/31/05 , due 04/01/05 5,030 5,030 2.63%, issued 02/08/05, due 04/07/05 261,102 260,000 GOLDMAN SACHS GROUP & CO. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $1,020,000 2.89%, issued 03/31/05, due 04/01/05 1,000,080 1,000,000 J.P. MORGAN CHASE & CO. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $ 561,003 2.89%, issued 03/31/05, due 04/01/05 550,044 550,000 MORGAN STANLEY & CO., INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $ 1,684,727 2.89%, issued 03/31/05, due 04/01/05 1,500,120 1,500,000 2.68%, issued 03/07/05, due 04/07/05 139,320 139,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $1,472,882 2.89%, issued 03/31/05, due 04/01/05 900,072 900,000 2.60%, issued 02/16/05, due 04/04/05 139,472 139,000 2.62%, issued 02/09/05, due 04/07/05 205,850 205,000 2.63%, issued 02/08/05, due 04/07/05 200,847 200,000 ----------- 5,803,030
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $43,420,024. The fund's portfolio holdings include restricted and /or illiquid securities worth $1,525,000 or 3.5% of the fund's total net assets. Also, includes other restricted but deemed liquid securities comprised of 144A, section 4(2) and 3c7 securities, worth $12,346,914, or 28.5% of the fund's total net assets. At March 31, 2005, portfolio holdings included restricted and/or illiquid securities as follows:
ISSUER COST/ RATE, ACQUISITION DATE, FACE AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) GE LIFE & ANNUITY ASSURANCE CO. 2.77%, 02/01/05, 04/01/05 50,000 50,000 2.79%, 05/03/04, 04/30/05 150,000 150,000 ----------- 200,000
6 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS continued
ISSUER COST/ RATE, ACQUISITION DATE, FACE AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) J. P. MORGAN SECURITIES, INC. 2.69%, 12/20/04, 04/01/05 200,000 200,000 METROPOLITAN LIFE INSURANCE CO 2.76%, 02/01/05, 04/01/05 100,000 100,000 2.74%, 12/28/00, 04/30/05 50,000 50,000 ----------- 150,000 MONUMENTAL LIFE INSURANCE CO. 2.71%, 06/10/93, 04/01/05 100,000 100,000 THE GOLDMAN SACHS GROUP, INC., 2.76%, 02/03/05, 04/04/05 25,000 25,000 2.89%, 02/22/05, 04/22/05 185,000 185,000 2.82%, 02/28/05, 04/28/05 140,000 140,000 2.80%, 12/30/04, 06/30/05 110,000 110,000 2.85%, 01/06/05, 07/06/05 50,000 50,000 2.93%, 01/19/05, 07/15/05 40,000 40,000 ----------- 550,000 THE GOLDMAN SACHS GROUP, INC., 144A 2.81%, 07/07/04, 04/11/05 225,000 225,000 TRAVELERS INSURANCE CO. 2.90%, 10/31/03, 04/29/05 100,000 100,000
7 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB GOVERNMENT MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except for U.S. government agency coupon notes and U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 40.0% U.S. GOVERNMENT SECURITIES 1,003,697 1,003,697 22.7% VARIABLE-RATE OBLIGATIONS 569,907 569,907 41.0% OTHER INVESTMENTS 1,026,995 1,026,995 -------------------------------------------------------------------------------- 103.7% TOTAL INVESTMENTS 2,600,599 2,600,599 (3.7)% OTHER ASSETS AND LIABILITIES (93,368) -------------------------------------------------------------------------------- 100.0% NET ASSETS 2,507,231
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) U.S. GOVERNMENT SECURITIES 40.0% of net assets COUPON NOTES 2.4% -------------------------------------------------------------------------------- FANNIE MAE 1.35%, 04/28/05 20,000 20,000 1.61%, 05/13/05 15,000 15,000 FEDERAL HOME LOAN BANK 1.40%, 04/01/05 15,000 15,000 4.13%, 05/13/05 10,000 10,029 ----------- 60,029 DISCOUNT NOTES 37.6% -------------------------------------------------------------------------------- FANNIE MAE 2.12%, 04/06/05 8,804 8,801 2.15%, 04/06/05 10,000 9,997 2.13%, 04/13/05 15,000 14,989 2.55%, 04/13/05 20,000 19,983 2.58%, 04/20/05 20,000 19,973 2.25%, 04/27/05 15,000 14,976 2.27%, 04/27/05 18,000 17,971 2.72%, 05/03/05 12,100 12,071 2.53%, 05/11/05 15,492 15,449 2.76%, 05/11/05 4,296 4,283 2.84%, 05/11/05 5,600 5,582 2.85%, 05/18/05 14,707 14,653 2.93%, 06/08/05 14,762 14,681 2.83%, 06/13/05 12,827 12,754 2.92%, 06/15/05 20,000 19,879 2.86%, 06/17/05 5,000 4,970 2.70%, 06/24/05 34,400 34,186 3.03%, 07/01/05 30,000 29,772 3.07%, 07/01/05 65,000 64,500 2.75%, 07/06/05 25,000 24,819 3.02%, 07/06/05 3,966 3,934 3.00%, 07/20/05 25,000 24,773 3.03%, 07/22/05 2,000 1,981 2.84%, 07/27/05 20,000 19,818 2.88%, 08/03/05 11,689 11,575 3.07%, 08/31/05 20,000 19,745 FEDERAL HOME LOAN BANK 2.75%, 05/13/05 11,000 10,965 3.12%, 09/07/05 15,470 15,260 FREDDIE MAC 1.38%, 04/05/05 15,000 14,998 2.15%, 04/19/05 15,000 14,984 2.21%, 04/19/05 15,000 14,984 2.57%, 04/19/05 15,000 14,981 2.75%, 05/10/05 20,000 19,941 2.79%, 05/10/05 5,000 4,985 2.77%, 05/12/05 4,804 4,789 2.42%, 05/17/05 40,000 39,878 2.47%, 05/17/05 15,000 14,953 2.78%, 05/17/05 25,595 25,505 2.53%, 05/24/05 13,621 13,571 2.87%, 05/24/05 1,400 1,394 2.97%, 06/13/05 2,850 2,833 2.66%, 06/14/05 13,450 13,377 2.76%, 06/14/05 8,500 8,452 2.78%, 06/15/05 20,000 19,885 2.83%, 06/15/05 21,400 21,275 2.90%, 06/17/05 4,042 4,017 2.68%, 06/21/05 20,000 19,881 2.94%, 06/21/05 20,000 19,869 2.99%, 06/21/05 3,000 2,980 2.70%, 07/05/05 40,000 39,719 2.71%, 07/05/05 20,000 19,859 2.74%, 07/05/05 7,000 6,950 2.77%, 07/12/05 20,000 19,845 2.79%, 07/12/05 45,000 44,649 3.00%, 07/12/05 6,000 5,949 3.00%, 08/23/05 20,000 19,764 3.02%, 08/23/05 11,146 11,013 3.06%, 08/30/05 6,125 6,048 ----------- 943,668 VARIABLE-RATE OBLIGATIONS 22.7% of net assets COUPON NOTES 22.7% -------------------------------------------------------------------------------- FANNIE MAE 2.77%, 04/07/05 65,000 64,946 2.73%, 04/29/05 50,000 49,990 2.62%, 06/06/05 30,000 29,990 2.82%, 06/06/05 50,000 49,987 2.84%, 06/09/05 40,000 39,989 FEDERAL HOME LOAN BANK 2.61%, 04/04/05 35,000 34,973 2.64%, 04/05/05 60,000 59,985 2.72%, 04/18/05 50,000 49,992
1 SCHWAB GOVERNMENT MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.76%, 04/26/05 40,000 39,997 2.63%, 05/02/05 40,000 39,964 2.66%, 05/10/05 46,000 45,967 FREDDIE MAC 2.55%, 04/07/05 64,125 64,127 ----------- 569,907
MATURITY AMOUNT SECURITY ($ x 1,000) OTHER INVESTMENTS 41.0% of net assets REPURCHASE AGREEMENTS 41.0% -------------------------------------------------------------------------------- BANK OF AMERICA SECURITIES L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $76,500 2.72%, issued 02/14/05, due 04/07/05 35,138 35,000 2.67%, issued 02/22/05, due 04/07/05 40,131 40,000 BEAR STEARNS & CO., INC Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $248,886 2.89%, issued 03/31/05, due 04/01/05 194,016 194,000 2.64%, issued 02/16/05, due 04/07/05 50,183 50,000 CREDIT SUISSE FIRST BOSTON L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $233,578 2.89%, issued 03/31/05, due 04/01/05 194,011 193,995 2.85%, issued 03/18/05, due 04/07/05 35,055 35,000 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $228,480 2.89%, issued 03/31/05, due 04/01/05 194,016 194,000 2.65%, issued 03/03/05, due 04/07/05 30,077 30,000 MORGAN STANLEY & CO., INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $61,200 2.62%, issued 02/11/05, due 04/07/05 30,120 30,000 2.78%, issued 03/11/05, due 04/07/05 30,063 30,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $198,917 2.60%, issued 02/01/05, due 04/04/05 40,179 40,000 2.60%, issued 02/02/05, due 04/05/05 30,134 30,000 2.61%, issued 01/25/05, due 04/07/05 30,157 30,000 2.61%, issued 02/08/05, due 04/07/05 40,168 40,000 2.64%, issued 02/15/05, due 04/07/05 25,094 25,000 2.77%, issued 03/15/05, due 04/07/05 30,053 30,000 ----------- 1,026,995
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $2,600,599. 2 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB VALUE ADVANTAGE MONEY FUND(R) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following is the portfolio holdings at 03/31/05. For more information about the securities, please refer to the fund's semi-annual or annual reports. We use the symbols below to designate certain characteristics of the securities. * Asset-backed security + Credit-enhanced security o Restricted and/or illiquid security For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) ------------------------------------------------------------------------------- 67.3% FIXED-RATE OBLIGATIONS 17,431,279 17,431,279 0.8% U.S. GOVERNMENT SECURITIES 200,000 200,000 19.6% VARIABLE-RATE OBLIGATIONS 5,073,677 5,073,677 12.7% OTHER INVESTMENTS 3,302,052 3,302,052 ------------------------------------------------------------------------------- 100.4% TOTAL INVESTMENTS 26,007,008 26,007,008 (0.4)% OTHER ASSETS AND LIABILITIES (111,393) ------------------------------------------------------------------------------- 100.0% NET ASSETS 25,895,615
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FIXED-RATE OBLIGATIONS 67.3% of net assets COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 34.7% -------------------------------------------------------------------------- AB SPINTAB 2.95%, 08/08/05 25,000 24,740 3.25%, 09/22/05 50,000 49,227 ALLIANCE & LEICESTER, PLC, SECTION 4(2) / 144A 3.20%, 09/12/05 50,000 49,282 + ALLIED IRISH BANKS NORTH AMERICA 2.97%, 05/31/05 12,000 11,941 * AMSTEL FUNDING CORP., SECTION 4(2) / 144A 2.96%, 05/31/05 78,000 77,618 2.95%, 08/10/05 50,000 49,471 *+ AMSTERDAM FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/06/05 50,000 49,982 2.81%, 04/27/05 40,000 39,919 *+ AQUINAS FUNDING, L.L.C., SECTION 4(2) / 144A 2.51%, 05/17/05 44,000 43,861 2.73%, 06/20/05 36,301 36,083 3.02%, 06/21/05 10,000 9,933 2.85%, 07/12/05 35,000 34,721 *+ ASAP FUNDING LTD., SECTION 4(2) / 144A 2.69%, 04/05/05 134,000 133,960 2.73%, 04/11/05 12,000 11,991 2.65%, 04/12/05 23,000 22,981 2.82%, 04/26/05 30,000 29,941 *+ ATLANTIC ASSET SECURITIZATION CORP., SECTION 4(2) / 144A 2.80%, 04/05/05 22,383 22,376 2.81%, 04/13/05 5,131 5,126 2.81%, 04/15/05 18,962 18,941 * ATLANTIS ONE FUNDING CORP., SECTION 4(2) / 144A 2.20%, 04/08/05 74,382 74,350 2.70%, 04/13/05 24,183 24,161 2.49%, 04/20/05 73,160 73,065 2.77%, 04/22/05 132,323 132,110 2.82%, 07/11/05 32,990 32,733 2.87%, 07/20/05 57,000 56,507 2.87%, 07/22/05 101,055 100,165 2.98%, 08/12/05 148,000 146,392 3.25%, 09/20/05 8,000 7,878 BANK OF AMERICA CORP. 2.63%, 04/11/05 180,000 179,869 2.63%, 04/12/05 65,000 64,948 *+ BARTON CAPITAL CORP., SECTION 4(2) / 144A 2.78%, 04/20/05 80,000 79,883 BEAR STEARNS COMPANIES, INC. 2.74%, 04/22/05 140,000 139,777 * CC (USA), INC., SECTION 3C7 / 144A 2.69%, 04/11/05 9,700 9,693 2.17%, 04/13/05 16,000 15,989 2.75%, 05/12/05 22,500 22,430 CITICORP 2.81%, 04/26/05 65,000 64,874 2.82%, 04/28/05 192,000 191,595 CITIGROUP GLOBAL MARKETS HOLDINGS, INC. 2.63%, 04/20/05 200,000 199,723 2.78%, 04/28/05 180,000 179,626 2.84%, 05/12/05 135,000 134,565 *+ CONCORD MINUTEMEN CAPITAL CO., SECTION 3C7 / 144A 2.80%, 05/17/05 32,238 32,123 2.84%, 05/24/05 40,716 40,547 2.78%, 07/06/05 36,000 35,737 2.96%, 08/08/05 95,000 94,007 3.01%, 08/18/05 100,000 98,857 *+ CONCORD MINUTEMEN CAPITAL CO.,L.L.C., SECTION 3C7 / 144A 2.80%, 07/06/05 30,000 29,779 *+ CROWN POINT CAPITAL CO. L.L.C., SECTION 4(2) / 144A 2.63%, 04/18/05 101,178 101,053 2.84%, 05/24/05 100,716 100,298 3.32%, 09/21/05 54,000 53,151 * DAKOTA CP NOTES OF CITIBANK CREDIT CARD ISSUANCE TRUST, SECTION 4(2) / 144A 2.64%, 04/06/05 32,500 32,488
1 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.71%, 04/07/05 68,000 67,969 2.73%, 04/13/05 269,000 268,756 2.66%, 04/19/05 75,000 74,901 2.67%, 04/19/05 136,000 135,819 2.82%, 04/22/05 100,000 99,836 2.82%, 04/26/05 95,000 94,815 *+ DELAWARE FUNDING CORP., SECTION 4(2) / 144A 2.71%, 04/12/05 95,247 95,168 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.64%, 04/15/05 10,000 9,990 *+ EDISON ASSET SECURITIZATION CORP., L.L.C., SECTION 4(2) / 144A 2.60%, 04/01/05 44,000 44,000 2.68%, 04/22/05 70,000 69,891 *+ EIFFEL FUNDING, L.L.C., SECTION 4(2) / 144A 2.72%, 04/12/05 23,500 23,481 2.64%, 04/15/05 21,000 20,979 2.65%, 04/15/05 6,000 5,994 2.83%, 05/05/05 25,000 24,933 2.84%, 05/05/05 25,000 24,933 *+ FAIRWAY FINANCE CO., L.L.C., SECTION 4(2) / 144A 2.63%, 04/13/05 11,000 10,990 *+ FALCON ASSET SECURITIZATION CORP., SECTION 4(2) / 144A 2.69%, 04/07/05 31,604 31,590 * GALAXY FUNDING, INC., SECTION 4(2) / 144A 2.75%, 05/16/05 19,000 18,935 GENERAL ELECTRIC CAPITAL CORP. 2.64%, 04/21/05 244,000 243,645 2.68%, 04/21/05 355,000 354,473 2.64%, 04/22/05 26,000 25,960 2.86%, 07/21/05 225,000 223,044 * GIRO FUNDING U. S. CORP., SECTION 4(2) / 144A 2.67%, 04/08/05 100,000 99,948 2.73%, 04/12/05 60,000 59,950 2.82%, 04/29/05 135,000 134,705 2.95%, 05/26/05 27,000 26,879 HSBC U.S.A., INC. 2.29%, 05/06/05 38,000 37,917 IRISH LIFE & PERMANENT, PLC, SECTION 4(2) / 144A 2.29%, 05/02/05 40,000 39,922 2.48%, 05/18/05 65,000 64,792 + IXIS COMMERCIAL PAPER CORP., SECTION 4(2) / 144A 2.64%, 04/14/05 150,000 149,858 *+ JUPITER SECURITIZATION CORP., SECTION 4(2) / 144A 2.71%, 04/11/05 15,000 14,989 * K2 (USA), L.L.C., SECTION 3C7 / 144A 2.67%, 04/04/05 11,100 11,098 2.72%, 04/25/05 23,000 22,958 2.58%, 05/31/05 15,400 15,335 2.95%, 06/13/05 7,400 7,356 2.92%, 07/07/05 14,500 14,387 2.96%, 08/11/05 38,500 38,088 2.96%, 08/16/05 41,000 40,544 3.07%, 08/25/05 35,000 34,571 3.35%, 10/03/05 70,000 68,817 + KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD., SECTION 4(2) / 144A 2.16%, 04/01/05 36,000 36,000 *+ LEXINGTON PARKER CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.71%, 04/06/05 12,654 12,649 2.71%, 04/07/05 21,349 21,339 2.96%, 08/08/05 67,000 66,299 2.98%, 08/08/05 24,509 24,251 3.15%, 09/01/05 210,000 207,233 *+ LINKS FINANCE, L.L.C., SECTION 3C7 / 144A 2.80%, 05/12/05 11,000 10,965 * MANE FUNDING CORP., SECTION 4(2) / 144A 2.63%, 04/18/05 25,800 25,768 2.80%, 05/18/05 41,318 41,168 MORGAN STANLEY 2.81%, 04/26/05 65,000 64,874 * NEWCASTLE CERTIFICATES PROGRAM, SECTION 4(2) / 144A 2.74%, 04/11/05 57,000 56,957 2.67%, 04/19/05 30,000 29,960 2.78%, 04/19/05 78,000 77,892 3.01%, 06/14/05 63,000 62,613 *+ NIEUW AMSTERDAM RECEIVABLES CORP., SECTION 4(2) / 144A 2.63%, 04/01/05 39,110 39,110 2.64%, 04/05/05 15,000 14,996 2.66%, 04/19/05 42,000 41,944 2.84%, 05/03/05 17,900 17,855 2.83%, 05/05/05 15,000 14,960 2.89%, 07/13/05 10,000 9,918 2.96%, 08/08/05 20,295 20,083 + NORDEA NORTH AMERICA, INC. 2.26%, 05/03/05 100,000 99,802 3.04%, 06/22/05 20,000 19,862 *+ OLD LINE FUNDING, L.L.C., SECTION 4(2) / 144A 2.64%, 04/04/05 83,570 83,552 *+ PARK AVENUE RECEIVABLES CO., L.L.C. 2.71%, 04/11/05 17,360 17,347 * PARK GRANADA, L.L.C., SECTION 4(2) / 144A 2.69%, 04/18/05 64,000 63,919 *+ PREFERRED RECEIVABLES FUNDING CORP., SECTION 4(2) / 144A 2.73%, 04/12/05 187,000 186,845 *+ RANGER FUNDING CO., L.L.C., SECTION 4(2) / 144A 2.75%, 04/11/05 75,000 74,943 + SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.12%, 04/05/05 85,000 84,980 2.81%, 07/13/05 55,000 54,563 *+ SCALDIS CAPITAL LTD., SECTION 4(2) / 144A 2.17%, 04/01/05 31,866 31,866 2.68%, 04/07/05 30,273 30,260 2.25%, 04/18/05 20,000 19,979 3.04%, 06/24/05 10,078 10,007 3.33%, 09/15/05 37,000 36,438 3.25%, 09/19/05 20,330 20,021 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.63%, 04/07/05 14,000 13,994 2.86%, 05/13/05 25,000 24,917
2 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.81%, 07/01/05 20,000 19,860 SKANDINAVISKA ENSKILDA BANKEN AB 2.63%, 04/15/05 35,000 34,964 2.81%, 07/12/05 40,000 39,686 3.25%, 09/16/05 35,000 34,478 SOCIETE GENERALE 2.73%, 07/06/05 88,000 87,369 SVENSKA HANDELSBANKEN, INC. 2.67%, 04/25/05 105,000 104,814 *+ THUNDER BAY FUNDING, L.L.C., SECTION 4(2) / 144A 2.78%, 04/01/05 54,080 54,080 2.64%, 04/04/05 59,949 59,936 2.71%, 04/12/05 34,094 34,066 2.63%, 04/15/05 21,000 20,979 *+ TICONDEROGA FUNDING, L.L.C., SECTION 4(2) / 144A 2.67%, 04/04/05 230,000 229,949 2.67%, 04/05/05 69,000 68,980 2.68%, 04/07/05 50,000 49,978 2.68%, 04/18/05 18,481 18,458 + WESTPAC TRUST SECURITIES NZ LTD. 2.71%, 04/25/05 9,500 9,483 2.53%, 05/23/05 20,000 19,928 * WHITE PINE FINANCE, L.L.C., SECTION 3C7 / 144A 2.18%, 04/11/05 23,000 22,986 2.68%, 04/20/05 10,054 10,040 2.54%, 05/23/05 7,452 7,425 2.73%, 06/06/05 5,766 5,737 2.73%, 06/08/05 10,134 10,082 *+ WINDMILL FUNDING CORP., SECTION 4(2) / 144A 2.63%, 04/06/05 120,000 119,956 2.65%, 04/21/05 33,372 33,323 ----------- 8,989,369 CERTIFICATES OF DEPOSIT 29.8% -------------------------------------------------------------------------- + ABBEY NATIONAL TREASURY SERVICES, PLC 2.70%, 04/15/05 100,000 100,000 ABN-AMRO BANK, N.V. 2.63%, 04/20/05 37,000 37,000 ALLIANCE & LEICESTER, PLC 3.32%, 10/18/05 38,000 37,930 AMERICAN EXPRESS BANK FSB 2.65%, 04/01/05 75,000 75,000 AMERICAN EXPRESS CENTURION BANK 2.63%, 04/05/05 75,000 75,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.68%, 04/11/05 33,000 33,000 2.64%, 04/14/05 83,000 83,000 2.96%, 06/01/05 60,000 60,000 2.77%, 07/06/05 173,000 173,000 BANK OF NOVA SCOTIA 2.66%, 04/07/05 345,000 345,000 BANK OF THE WEST 2.62%, 04/01/05 13,000 13,000 2.70%, 04/11/05 66,000 66,000 3.33%, 09/27/05 48,000 48,000 BANK OF TOKYO-MITSUBISHI, LTD. 2.80%, 04/28/05 100,000 100,000 BARCLAYS BANK, PLC 2.70%, 04/12/05 43,000 43,000 BAYERISCHE LANDESBANK GIROZENTRALE 1.71%, 05/23/05 30,000 29,999 BNP PARIBAS 1.50%, 05/06/05 150,000 149,999 CALYON 2.95%, 08/10/05 103,000 103,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.72%, 07/05/05 9,000 9,000 CREDIT SUISSE FIRST BOSTON 2.62%, 04/01/05 215,000 215,000 2.95%, 05/31/05 208,000 208,000 DEPFA BANK, PLC 2.68%, 04/04/05 10,000 10,000 2.77%, 07/05/05 10,000 10,000 3.11%, 09/01/05 56,000 56,000 DEUTSCHE BANK, AG 2.66%, 04/08/05 200,000 200,000 2.78%, 04/27/05 200,000 200,000 2.75%, 05/19/05 500,000 500,000 1.60%, 05/20/05 40,000 40,000 DEXIA BANK BELGIUM 1.50%, 05/04/05 74,000 73,999 DEXIA CREDIT LOCAL 2.71%, 04/25/05 36,000 36,000 DNB NOR BANK ASA 3.25%, 09/22/05 20,000 20,000 + HBOS TREASURY SERVICES, PLC 2.91%, 06/13/05 45,000 45,000 2.73%, 06/29/05 65,000 65,000 2.72%, 07/05/05 72,000 72,000 HSBC BANK PLC 3.03%, 08/22/05 200,000 200,000 HSH NORDBANK, AG 2.12%, 06/15/05 65,000 64,997 ING BANK, N.V. 2.78%, 04/29/05 200,000 200,000 LANDESBANK HESSEN-THURINGEN GIROZENTRALE 1.52%, 05/13/05 20,000 20,000 3.15%, 09/12/05 100,000 100,002 LLOYDS TSB BANK, PLC 2.71%, 04/13/05 144,000 144,000 2.71%, 04/14/05 300,000 300,001 MIZUHO CORPORATE BANK LTD 3.05%, 06/22/05 100,000 100,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 1.50%, 05/06/05 30,000 30,000 1.51%, 05/13/05 46,000 45,999 1.63%, 05/16/05 117,000 116,998 1.60%, 05/20/05 28,000 28,000 NORDEA BANK FINLAND, PLC 2.71%, 07/08/05 50,000 50,000 RABOBANK NEDERLAND 2.81%, 05/03/05 90,000 90,000 ROYAL BANK OF CANADA 2.70%, 04/15/05 30,000 30,000 2.76%, 04/19/05 217,000 217,000 2.82%, 05/06/05 80,000 80,000
3 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) ROYAL BANK OF SCOTLAND, PLC 2.79%, 04/29/05 197,000 197,000 1.75%, 05/27/05 45,000 44,999 2.17%, 07/01/05 75,000 74,995 SOCIETE GENERALE 2.95%, 08/09/05 54,000 54,000 3.23%, 09/23/05 100,000 100,000 SVENSKA HANDELSBANKEN AB 2.63%, 04/05/05 125,000 125,000 2.62%, 04/13/05 30,000 30,000 TORONTO DOMINION BANK 2.66%, 04/08/05 80,000 80,000 2.30%, 05/12/05 102,000 102,000 2.73%, 07/07/05 31,000 31,000 U.S. BANK, N.A. 2.66%, 04/05/05 25,000 25,000 2.68%, 04/22/05 25,000 25,000 2.83%, 05/06/05 123,000 123,000 3.20%, 09/15/05 125,000 125,000 3.34%, 10/03/05 115,000 115,000 UBS, AG 2.61%, 04/01/05 140,000 140,000 1.40%, 04/04/05 200,000 200,000 2.60%, 04/04/05 97,000 97,000 2.71%, 07/08/05 215,000 215,000 UNICREDITO ITALIANO SPA 2.97%, 05/31/05 129,000 128,997 2.70%, 06/24/05 95,000 95,000 WASHINGTON MUTUAL BANK, FA 2.72%, 04/15/05 85,000 84,997 3.32%, 09/19/05 80,000 80,000 3.27%, 09/26/05 39,000 39,000 WELLS FARGO BANK, N.A. 2.83%, 05/09/05 98,000 97,999 2.83%, 05/10/05 121,000 120,999 WILMINGTON TRUST CO. 2.81%, 07/05/05 25,000 25,000 ----------- 7,724,910 BANK NOTES 2.2% -------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.98%, 08/19/05 200,000 200,000 2.98%, 08/23/05 350,000 350,000 STANDARD FEDERAL BANK, N.A. 2.67%, 04/13/05 17,000 17,000 ----------- 567,000 PROMISSORY NOTES 0.6% -------------------------------------------------------------------------- o THE GOLDMAN SACHS GROUP, INC. 2.85%, 07/06/05 30,000 30,000 2.93%, 07/15/05 120,000 120,000 ----------- 150,000 U.S. GOVERNMENT SECURITIES 0.8% of net assets COUPON NOTES 0.8% -------------------------------------------------------------------------- FANNIE MAE 1.35%, 04/28/05 50,000 50,000 1.50%, 05/09/05 70,000 70,000 1.61%, 05/13/05 80,000 80,000 ----------- 200,000 VARIABLE-RATE OBLIGATIONS 19.6% of net assets + ACCESS LOANS FOR LEARNING STUDENT LOAN CORP. Taxable Student Loan RB Series II-A-6 2.86%, 04/07/05 27,800 27,800 BANK OF NEW YORK CO., INC., 144A 2.87%, 04/27/05 50,000 50,000 BARCLAYS BANK, PLC 2.73%, 04/15/05 400,000 399,966 2.78%, 04/25/05 40,000 39,998 2.78%, 04/29/05 260,000 259,951 BAYERISCHE LANDESBANK GIROZENTRALE 2.78%, 04/29/05 75,000 74,984 CANADIAN IMPERIAL BANK OF COMMERCE 2.87%, 04/15/05 100,000 100,000 + CENTRAL BAPTIST CHURCH OF HIXSON, TENNESSEE 2.91%, 04/07/05 13,000 13,000 CHASE MANHATTAN BANK (USA) 2.72%, 04/11/05 100,000 100,000 + CITY OF NEW BRITAIN, CONNECTICUT GO Pension Bonds Series 1998 2.85%, 04/07/05 40,000 40,000 + COLUMBUS, GEORGIA DEVELOPMENT AUTHORITY Taxable RB (Jay Leasing, Inc. Project) Series 1997 2.88%, 04/07/05 5,700 5,700 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.75%, 04/14/05 145,000 144,977 FANNIE MAE 2.42%, 04/04/05 100,000 99,967 2.73%, 04/29/05 200,000 199,961 FEDERAL HOME LOAN BANK 2.64%, 04/05/05 225,000 224,942 o GE CAPITAL ASSURANCE CO. 2.75%, 04/01/05 50,000 50,000 GENERAL ELECTRIC CAPITAL CORP. 2.93%, 04/18/05 225,000 225,000 + HBOS TREASURY SERVICE, PLC 2.68%, 04/04/05 92,000 92,000 2.81%, 04/26/05 82,000 82,000 HSH NORDBANK, AG 2.70%, 04/11/05 93,000 92,987 o J.P. MORGAN SECURITIES, INC., 2.69%, 04/01/05 100,000 100,000 LANDESBANK BADEN-WURTTEMBERG 2.79%, 04/22/05 30,000 29,994 * LIBERTY LIGHTHOUSE U.S. CAPITAL CO. L.L.C. 4(2) / 144A 2.66%, 04/01/05 31,000 30,999 2.82%, 04/19/05 30,000 29,997 2.82%, 04/25/05 47,000 47,000 2.81%, 04/26/05 50,000 49,996 *+ LINKS FINANCE, L.L.C., SECTION 3C7 / 144A 2.76%, 04/15/05 127,000 126,979 2.80%, 04/20/05 50,000 49,998 2.81%, 04/25/05 50,000 49,997 2.84%, 04/26/05 25,000 25,000 + LOANSTAR ASSETS PARTNERS II, L.P. 2.85%, 04/07/05 25,000 25,000
4 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) + MERLOT TRUST SECTION 4(2) / 144A Series 2000B 3.01%, 04/07/05 30,000 30,000 o METROPOLITAN LIFE INSURANCE CO. 2.76%, 04/01/05 100,000 100,000 2.74%, 04/30/05 50,000 50,000 o MONUMENTAL LIFE INSURANCE CO. 2.77%, 04/01/05 100,000 100,000 2.79%, 04/01/05 100,000 100,000 2.86%, 04/01/05 10,000 10,000 MORGAN STANLEY 2.71%, 04/04/05 140,000 140,000 + NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY Taxable Economic Development Bonds (MSNBC CNBC Project) Series 1997A 2.70%, 04/01/05 18,500 18,500 NORDDEUTSCHE LANDESBANK GIROZENTRALE 2.73%, 04/12/05 20,000 19,998 NORDEA BANK FINLAND, PLC 2.79%, 04/25/05 20,000 19,999 ROYAL BANK OF CANADA, 144A 2.78%, 04/11/05 40,000 40,000 ROYAL BANK OF SCOTLAND, PLC 2.69%, 04/11/05 34,000 33,998 2.73%, 04/14/05 75,000 74,995 2.77%, 04/29/05 18,000 17,996 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.76%, 04/15/05 94,125 94,115 2.79%, 04/15/05 15,000 15,001 2.80%, 04/15/05 20,000 20,001 2.80%, 04/20/05 160,000 159,993 2.80%, 04/25/05 100,000 99,992 2.80%, 04/30/05 115,000 114,979 2.80%, 05/02/05 15,000 14,999 o THE GOLDMAN SACHS GROUP, INC. 2.76%, 04/04/05 102,000 102,000 2.89%, 04/22/05 87,000 87,000 o THE GOLDMAN SACHS GROUP, INC., 144A 2.81%, 04/11/05 125,000 125,000 + TOWN OF ISLIP, NEW YORK IDA, 144A Taxable Adjustable Rate IDRB (Nussdorf Associates/Quality King Distributions, Inc. Facility) Series 1992 3.27%, 04/07/05 1,940 1,940 o Travelers Insurance Co. 2.74%, 04/01/05 25,000 25,000 2.92%, 04/20/05 100,000 100,000 2.90%, 04/29/05 25,000 25,000 UBS, AG 2.75%, 04/18/05 250,000 249,982 WELLS FARGO & CO., 144A 2.78%, 04/15/05 120,000 120,001 WESTLB, AG 2.80%, 04/20/05 30,000 29,999 * WHITE PINE FINANCE, L.L.C., SECTION 3C7 / 144A 2.81%, 04/28/05 45,000 44,996 ----------- 5,073,677
MATURITY AMOUNT VALUE SECURITY ($ x 1,000) ($ x 1,000) OTHER INVESTMENTS 12.7% of net assets REPURCHASE AGREEMENTS 12.7% -------------------------------------------------------------------------------- BANK OF AMERICA SECURITIES, L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $770,100 2.89%, issued 03/31/05, due 04/01/05 755,061 755,000 CREDIT SUISSE FIRST BOSTON L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $151,018 2.89%, issued 03/31/05, due 04/01/05 8,052 8,052 2.63%, issued 02/08/05, due 04/07/05 140,593 140,000 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $714,000 2.89%, issued 03/31/05, due 04/01/05 700,056 700,000 MORGAN STANLEY & CO. INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $1,130,024 2.89%, issued 03/31/05, due 04/01/05 765,061 765,000 2.64%, issued 02/11/05, due 04/07/05 281,129 280,000 2.68%, issued 03/07/05, due 04/07/05 54,125 54,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $612,003 2.89%, issued 03/31/05, due 04/01/05 600,048 600,000 ----------- 3,302,052
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $26,007,008 The fund's portfolio holdings include restricted and/or illiquid securities worth $1,124,000 or 4.3% of the fund's total net assets. Also, includes other restricted but deemed liquid securities comprised of 144A, section 4(2) and 3c7 securities, worth $7,677,255 or 29.6% of the fund's total net assets. 5 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS, continued At March 31, 2005, portfolio holdings included restricted and/or illiquid securities as follows:
ISSUER FACE COST/ RATE, ACQUISITION DATE, AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) GE CAPITAL ASSURANCE CO. 2.75%, 10/01/04, 04/30/05 50,000 50,000 J.P. MORGAN SECURITIES, INC. 2.69%, 12/20/04, 04/01/05 100,000 100,000 METROPOLITAN LIFE INSURANCE CO. 2.76%, 02/01/05, 04/01/05 100,000 100,000 2.74%, 12/28/00, 04/30/05 50,000 50,000 ----------- 150,000 MONUMENTAL LIFE INSURANCE CO. 2.77%, 10/10/96, 04/01/05 100,000 100,000 2.79%, 01/12/00, 04/01/05 100,000 100,000 2.86%, 06/10/93, 04/01/05 10,000 10,000 ----------- 210,000 THE GOLDMAN SACHS GROUP, INC. 2.76%, 02/03/05, 04/04/05 102,000 102,000 2.85%, 01/06/05, 07/06/05 30,000 30,000 2.89%, 02/22/05, 04/30/05 87,000 87,000 2.93%, 01/19/05, 07/15/05 120,000 120,000 ----------- 339,000 THE GOLDMAN SACHS GROUP, INC., 144A 2.81%, 07/07/04, 04/11/05 125,000 125,000 TRAVELERS INSURANCE CO. 2.74%, 01/31/05, 04/01/05 25,000 25,000 2.92%, 08/21/03, 04/20/05 100,000 100,000 2.63%, 10/29/04, 06/29/05 25,000 25,000 ----------- 150,000
6 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB U.S. TREASURY MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 99.8% U.S. GOVERNMENT SECURITIES 3,563,399 3,563,399 -------------------------------------------------------------------------------- 99.8% TOTAL INVESTMENTS 3,563,399 3,563,399 0.2% OTHER ASSETS AND LIABILITIES 5,367 -------------------------------------------------------------------------------- 100.0% NET ASSETS 3,568,766
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) U.S. GOVERNMENT SECURITIES 99.8% of net assets TREASURY BILLS 90.1% -------------------------------------------------------------------------------- U.S. TREASURY BILLS 2.31%, 04/07/05 3,740 3,739 2.56%, 04/07/05 32,500 32,486 2.57%, 04/07/05 75,000 74,968 2.58%, 04/07/05 100,000 99,957 1.97%, 04/14/05 150,000 149,894 1.98%, 04/14/05 50,000 49,965 1.99%, 04/14/05 13,530 13,520 2.03%, 04/14/05 3,985 3,982 2.34%, 04/14/05 50,000 49,958 2.64%, 04/14/05 2,355 2,353 2.66%, 04/14/05 40,000 39,962 1.99%, 04/21/05 50,000 49,945 2.01%, 04/21/05 50,000 49,945 2.27%, 04/21/05 30,000 29,962 2.35%, 04/21/05 50,000 49,935 2.70%, 04/21/05 40,000 39,940 2.11%, 04/28/05 88,940 88,801 2.14%, 04/28/05 13,225 13,204 2.25%, 04/28/05 20,000 19,967 2.33%, 04/28/05 80,000 79,861 2.34%, 04/28/05 40,000 39,930 2.35%, 04/28/05 81,000 80,858 2.38%, 04/28/05 2,375 2,371 2.40%, 05/05/05 100,000 99,775 2.41%, 05/05/05 9,210 9,189 2.49%, 05/05/05 100,000 99,767 2.61%, 05/05/05 12,470 12,439 2.27%, 05/12/05 6,425 6,409 2.49%, 05/12/05 40,000 39,887 2.50%, 05/12/05 165,000 164,533 2.52%, 05/12/05 15,815 15,770 2.56%, 05/19/05 50,000 49,831 2.62%, 05/26/05 50,000 49,801 2.64%, 05/26/05 50,000 49,800 2.50%, 06/02/05 20,000 19,915 2.52%, 06/02/05 33,120 32,978 2.73%, 06/02/05 125,000 124,415 2.39%, 06/09/05 25,000 24,887 2.52%, 06/09/05 96,865 96,402 2.54%, 06/09/05 25,000 24,879 2.55%, 06/09/05 50,000 49,758 2.60%, 06/09/05 20,720 20,618 2.74%, 06/16/05 75,000 74,569 2.75%, 06/16/05 90,000 89,481 2.76%, 06/16/05 20,335 20,217 2.77%, 06/16/05 50,000 49,710 2.78%, 06/16/05 11,055 10,991 2.49%, 06/23/05 109,850 109,227 2.53%, 06/23/05 23,770 23,633 2.75%, 06/23/05 45,000 44,717 2.77%, 06/23/05 2,140 2,126 2.80%, 06/23/05 183,310 182,134 2.81%, 06/23/05 10,580 10,512 2.76%, 06/30/05 3,740 3,714 2.81%, 06/30/05 100,000 99,301 2.78%, 07/07/05 13,020 12,923 2.81%, 07/07/05 100,000 99,248 2.82%, 07/07/05 100,000 99,246 2.98%, 08/18/05 40,000 39,546 3.03%, 08/18/05 50,000 49,423 3.04%, 08/25/05 40,940 40,442 3.02%, 09/15/05 30,000 29,586 3.03%, 09/15/05 22,315 22,006 3.05%, 09/15/05 15,000 14,791 3.09%, 09/22/05 32,230 31,756 ----------- 3,215,855 TREASURY NOTES 9.7% -------------------------------------------------------------------------------- U.S. TREASURY NOTES 1.63%, 04/30/05 19,030 19,017 6.75%, 05/15/05 326,880 328,527 ----------- 347,544
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investment was $3,563,422, and the unrealized loss was ($23). 1 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semiannual or annual shareholder reports. We use the symbols below to designate characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 100.6% MUNICIPAL SECURITIES 6,996,929 6,996,929 -------------------------------------------------------------------------------- 100.6% TOTAL INVESTMENTS 6,996,929 6,996,929 (0.6)% OTHER ASSETS AND LIABILITIES (39,167) -------------------------------------------------------------------------------- 100.0% NET ASSETS 6,957,762
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 100.6% of net assets CALIFORNIA 98.2% AFFORDABLE HOUSING AGENCY +@ M/F Housing RB (Westridge at Hilltop Apts) Series 2003A 2.30%, 04/07/05 14,100 14,100 ALAMEDA CNTY IDA +@ RB (Aitchison Family Partnership) Series 1993A 2.29%, 04/07/05 2,560 2,560 +@ RB (JMS Family Partnership) Series 1995A 2.29%, 04/07/05 1,000 1,000 +@ RB (Malmberg Engineering) Series 1999A 2.55%, 04/07/05 2,310 2,310 +@ RB (Scientific Technology) Series 1994A 2.34%, 04/07/05 2,200 2,200 ALAMEDA-CONTRA COSTA TRANSIT DISTRICT + 2004-05 RAN 1.58%, 07/07/05 12,000 12,044 ANAHEIM HOUSING AUTH +@ M/F Housing RB (Casa Granada Apts) Series 1997A 2.28%, 04/07/05 3,495 3,495 +@ M/F Housing RB (Park Vista Apts) Series 2000D 2.35%, 04/07/05 21,000 21,000 +@ M/F Housing RB (Port Trinidad Apts) Series 1997C 2.28%, 04/07/05 2,040 2,040 +@ M/F Housing Refunding RB (Sage Park) Series 1998A 2.34%, 04/07/05 5,500 5,500 ASSOCIATION OF BAY AREA GOVERNMENTS +~@o BART SFO Extension Bonds (Airport Premium Fare) Series 2002A 1.25%, 04/07/05 9,995 9,995 +@ COP (Harker School Foundation) Series 1998 2.29%, 04/07/05 4,300 4,300 +~@ Lease RB Series 2003A 2.34%, 04/07/05 1,000 1,000 +@ M/F Housing RB (Artech Building) Series 1999A 2.32%, 04/07/05 3,200 3,200 +@ M/F Housing RB (Crossing Apts) Series 2002A 2.34%, 04/07/05 55,700 55,700 +@ M/F Housing RB (Miramar Apts) Series 2000A 2.34%, 04/07/05 30,000 30,000 +@ M/F Housing RB (Mountain View Apts) Series 1997A 2.35%, 04/07/05 6,130 6,130 +@ M/F Housing RB (Paragon Apts at the Crossing) Series 2005A 2.34%, 04/07/05 22,000 22,000 +@ RB (Public Policy Institute of California) Series 2001A 2.27%, 04/07/05 9,000 9,000 BAY AREA TOLL AUTH +~@ San Francisco Bay Area Toll Bridge RB Series 2004C 2.27%, 04/07/05 9,800 9,800 +~@o San Francisco Bay Area Toll Bridge RB Series D 2.31%, 04/07/05 10,125 10,125 CALIFORNIA 2004-05 RAN Series A 1.73%, 06/30/05 85,235 85,498 2004-05 RAN Series C ~@o 2.31%, 04/07/05 100,000 100,000 1.97%, 06/30/05 175,000 176,286 Economic Recovery Bonds Series 2004A +~@o 2.30%, 04/07/05 31,420 31,420 ~@o 2.30%, 04/07/05 39,995 39,995 +~@o 2.31%, 04/07/05 58,057 58,057 ~@o 2.31%, 04/07/05 134,395 134,395 +~@ Economic Recovery Bonds Series 2004C-15 2.29%, 04/07/05 8,785 8,785 +~@ Economic Recovery Bonds Series 2004C-18 2.23%, 04/07/05 1,000 1,000
1 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +~@ Economic Recovery Bonds Series 2004C-21 2.28%, 04/07/05 40,500 40,500 GO Bonds +~@o 2.30%, 04/07/05 79,270 79,270 +~@o 2.31%, 04/07/05 110,290 110,290 +~@o 2.32%, 04/07/05 107,565 107,565 GO Bonds Series 1999 +~@o 2.30%, 04/07/05 10,835 10,835 +~@o 2.31%, 04/07/05 13,675 13,675 +@ GO Bonds Series 2003B-4 2.27%, 04/07/05 3,000 3,000 +@ GO Bonds Series 2003C-1 2.29%, 04/07/05 20,145 20,145 +@ GO Bonds Series 2003C-3 2.30%, 04/07/05 35,000 35,000 +@ GO Bonds Series 2003C-4 2.28%, 04/07/05 2,400 2,400 +@ GO Bonds Series 2004B-1 2.25%, 04/07/05 2,705 2,705 +@ GO Bonds Series 2004B-6 2.30%, 04/07/05 21,300 21,300 TECP ~ 1.93%, 04/08/05 12,750 12,750 ~ 1.95%, 05/03/05 8,375 8,375 Various Purpose GO Bonds +~@o 2.30%, 04/07/05 12,495 12,495 1.99%, 06/01/05 27,765 27,812 CALIFORNIA ALTERNATIVE ENERGY SOURCE FINANCING AUTH @ Cogeneration Facility RB Series 1993B 2.26%, 04/07/05 13,360 13,360 CALIFORNIA DEPT OF WATER RESOURCES +~@o 1996 Water Refunding RB (Big Bear Lake) 2.30%, 04/07/05 8,445 8,445 Power Supply RB Series 2002A +~@o 2.30%, 04/07/05 47,575 47,575 +~@o 2.31%, 04/07/05 6,325 6,325 +@ Power Supply RB Series 2002B-2 2.30%, 04/01/05 1,800 1,800 +@ Power Supply RB Series 2002C-10 2.22%, 04/07/05 15,000 15,000 +@ Power Supply RB Series 2002C-11 2.23%, 04/07/05 3,100 3,100 +@ Power Supply RB Series 2002C-14 2.28%, 04/07/05 22,010 22,010 +@ Power Supply RB Series 2002C-17 2.25%, 04/07/05 8,300 8,300 +~@ Power Supply RB Series 2002C-7 2.31%, 04/07/05 43,700 43,700 CALIFORNIA ECONOMIC DEVELOPMENT FINANCING AUTH +@ Airport Facilities RB (Mercury Air Group) Series 1998 2.33%, 04/07/05 14,000 14,000 +@ IDRB (Calco) Series 1997 2.28%, 04/07/05 480 480 +@ IDRB (Gaiser Tool Company) Series 1997 2.29%, 04/07/05 1,775 1,775 +@ IDRB (Lion Raisins) Series 1998 2.33%, 04/07/05 1,250 1,250 CALIFORNIA EDUCATIONAL FACILITIES AUTH +@ RB (Chapman University) Series 2000 2.43%, 04/07/05 4,600 4,600 +@ RB (University of Judaism) Series 1998A 2.30%, 04/07/05 5,200 5,200 +~@o RB (University of San Francisco) Series 1996 2.30%, 04/07/05 8,995 8,995 CALIFORNIA HEALTH FACILITIES FINANCING AUTH +~@ Insured RB (Catholic Healthcare West) Series 1988A 2.32%, 04/07/05 4,200 4,200 +~@ Insured RB (Southern California Presbyterian Homes) Series 1998 2.28%, 04/07/05 28,600 28,600 +~@o RB (Kaiser Permanente) Series 1998A 2.31%, 04/07/05 9,995 9,995 CALIFORNIA HFA +~@o Home Mortgage RB Series 1998J 2.20%, 04/07/05 1,550 1,550 +~@ Home Mortgage RB Series 2000N 2.30%, 04/07/05 25,710 25,710 +~@ Home Mortgage RB Series 2002F 2.27%, 04/01/05 4,800 4,800 +~@ Home Mortgage RB Series 2002P 2.32%, 04/07/05 61,000 61,000 +~@ Home Mortgage RB Series 2003D 2.30%, 04/07/05 13,800 13,800 Home Mortgage RB Series 2003H +~@ 2.30%, 04/07/05 5,600 5,600 +~@ 2.31%, 04/07/05 5,225 5,225 ~@ Home Mortgage RB Series 2003K 2.32%, 04/07/05 60,110 60,110 Home Mortgage RB Series 2003M ~@ 2.30%, 04/07/05 34,500 34,500 ~@ 2.27%, 06/29/05 9,220 9,220 ~@ Home Mortgage RB Series 2005B 2.38%, 07/01/05 53,080 53,080 ~@ M/F Housing RB III Series 2001G 2.32%, 04/07/05 56,720 56,720 ~@ M/F Housing RB III Series 2002A 2.32%, 04/07/05 38,850 38,850 ~@ M/F Housing RB III Series 2002E 2.32%, 04/07/05 45,610 45,610 @ RB Series A 2005 1.95%, 04/07/05 70,000 70,000 ~@o S/F Mortgage Bonds II Series 1997C-4 2.30%, 04/07/05 950 950 +~@o S/F Mortgage RB Draw Down Series 2004B-1 2.36%, 04/07/05 58,085 58,085 S/F Mortgage RB Draw Down Series 2004B-2 +~@o 2.36%, 04/07/05 141,945 141,945 ~@o 2.36%, 04/07/05 39,565 39,565 CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK +@ IDRB (American-De Rosa Lamp Arts) Series 1999 2.34%, 04/07/05 4,950 4,950 +@ IDRB (Fairmont Sign Co) Series 2000A 2.43%, 04/07/05 4,250 4,250
2 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ IDRB (Lafayette Textile Industries) Series 1999 2.34%, 04/07/05 1,170 1,170 +@ IDRB (Nelson Name Plate Co) Series 1999 2.27%, 04/07/05 3,150 3,150 +@ IDRB (Roller Bearing Co) Series 1999 2.55%, 04/07/05 2,400 2,400 +@ RB (Colburn School) Series 2005B 2.28%, 04/07/05 50,000 50,000 +@ RB (SRI International) Series 2003A 2.28%, 04/07/05 4,000 4,000 CALIFORNIA POLLUTION CONTROL FINANCE AUTH +@ Resource Recovery RB (Sanger) Series 1990A 2.36%, 04/07/05 19,200 19,200 +@ Resource Recovery RB (Wadham Energy) Series 1987B 2.25%, 04/07/05 2,800 2,800 +@ Solid Waste Disposal RB (Ag Resources III) Series 2004 2.36%, 04/07/05 2,790 2,790 +@ Solid Waste Disposal RB (Agrifab) Series 2003 2.36%, 04/07/05 2,900 2,900 +@ Solid Waste Disposal RB (Alameda County Industries) Series 2000A 2.36%, 04/07/05 3,760 3,760 +@ Solid Waste Disposal RB (Athens Disposal Co) Series 1995A 2.36%, 04/07/05 9,990 9,990 +@ Solid Waste Disposal RB (Athens Disposal Co) Series 1999A 2.36%, 04/07/05 5,700 5,700 +@ Solid Waste Disposal RB (Athens Services) Series 2001A 2.36%, 04/07/05 4,100 4,100 +@ Solid Waste Disposal RB (Atlas Disposal Industries) Series 1999A 2.36%, 04/07/05 3,000 3,000 +@ Solid Waste Disposal RB (BLT Enterprises of Sacramento) Series 1999A 2.36%, 04/07/05 6,725 6,725 +@ Solid Waste Disposal RB (Blue Line Transfer) Series 1999A 2.36%, 04/07/05 4,300 4,300 +@ Solid Waste Disposal RB (Blue Line Transfer) Series 2001A 2.36%, 04/07/05 4,400 4,400 +@ Solid Waste Disposal RB (Burrtec Waste Group) Series 2004 2.36%, 04/07/05 1,985 1,985 +@ Solid Waste Disposal RB (Burrtec Waste Industries) Series 1997B 2.36%, 04/07/05 3,200 3,200 +@ Solid Waste Disposal RB (Burrtec Waste Industries) Series 1998A 2.36%, 04/07/05 695 695 +@ Solid Waste Disposal RB (CR&R Inc) Series 2002A 2.39%, 04/07/05 3,900 3,900 +@ Solid Waste Disposal RB (Cal-San) Series 1996B 2.36%, 04/07/05 1,750 1,750 +@ Solid Waste Disposal RB (California Waste Solutions) Series 2002A 2.36%, 04/07/05 3,570 3,570 +@ Solid Waste Disposal RB (California Waste Solutions) Series 2004A 2.36%, 04/07/05 8,350 8,350 +@ Solid Waste Disposal RB (Cheese & Protein International) Series 2001A 2.30%, 04/07/05 10,000 10,000 +@ Solid Waste Disposal RB (Cold Canyon Landfill) Series 1998A 2.36%, 04/07/05 5,845 5,845 +@ Solid Waste Disposal RB (Colmac Energy) Series 1990A 2.31%, 04/07/05 3,270 3,270 +@ Solid Waste Disposal RB (Contra Costa Waste Service) Series 1995A 2.36%, 04/07/05 2,000 2,000 +@ Solid Waste Disposal RB (EDCO Disposal Corp) Series 1996A 2.36%, 04/07/05 13,950 13,950 +@ Solid Waste Disposal RB (EDCO Disposal Corp) Series 2004A 2.36%, 04/07/05 22,200 22,200 +@ Solid Waste Disposal RB (Escondido Disposal/Jemco Equipment Corp) Series 1998A 2.51%, 04/07/05 7,845 7,845 +@ Solid Waste Disposal RB (Federal Disposal Service) Series 2001A 2.41%, 04/07/05 2,400 2,400 +@ Solid Waste Disposal RB (Greenteam of San Jose) Series 2001A 2.36%, 04/07/05 10,900 10,900 +@ Solid Waste Disposal RB (Greenwaste of Tehama) Series 1999A 2.36%, 04/07/05 1,630 1,630 +@ Solid Waste Disposal RB (Madera Disposal Systems Inc) Series 1998A 2.36%, 04/07/05 1,800 1,800 +@ Solid Waste Disposal RB (Marborg Industries) Series 2000A 2.36%, 04/07/05 4,505 4,505 +@ Solid Waste Disposal RB (Metropolitan Recycling Corp) Series 2000B 2.41%, 04/07/05 3,690 3,690 +@ Solid Waste Disposal RB (Mottra Corp) Series 2002A 2.36%, 04/07/05 2,105 2,105 +@ Solid Waste Disposal RB (Norcal Waste System) Series 2001 2.36%, 04/07/05 11,015 11,015 +@ Solid Waste Disposal RB (Norcal Waste System) Series 2002A 2.36%, 04/07/05 6,000 6,000 +@ Solid Waste Disposal RB (Norcal Waste System) Series 2003A 2.36%, 04/07/05 4,000 4,000 +@ Solid Waste Disposal RB (Orange Ave Disposal Co) Series 2002A 2.36%, 04/07/05 6,105 6,105 +@ Solid Waste Disposal RB (Ratto Group of Companies) Series 2001A 2.36%, 04/07/05 4,045 4,045
3 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ Solid Waste Disposal RB (Sanco Services) Series 2002A 2.51%, 04/07/05 3,600 3,600 +@ Solid Waste Disposal RB (Santa Clara Valley Disposal) Series 2001A 2.36%, 04/07/05 5,135 5,135 +@ Solid Waste Disposal RB (Santa Clara Valley Industries) Series 1998A 2.41%, 04/07/05 2,100 2,100 +@ Solid Waste Disposal RB (Solag Disposal) Series 1997A 2.39%, 04/07/05 2,135 2,135 +@ Solid Waste Disposal RB (Specialty Solid Waste & Recycling) Series 2001A 2.41%, 04/07/05 3,160 3,160 +@ Solid Waste Disposal RB (Talco Plastics) Series 1997A 2.34%, 04/07/05 3,350 3,350 +@ Solid Waste Disposal RB (Tri-CED Community Recycling) Series 1998A 2.34%, 04/07/05 1,585 1,585 +@ Solid Waste Disposal RB (Valley Vista Services) Series 2003A 2.36%, 04/07/05 2,155 2,155 +@ Solid Waste Disposal RB (West Valley MRF) Series 1997A 2.51%, 04/07/05 3,960 3,960 +@ Solid Waste Disposal RB (Zanker Road Landfill) Series 1999C 2.41%, 04/07/05 6,265 6,265 CALIFORNIA SCHOOL CASH RESERVE PROGRAM AUTH Pool Bonds Series 2004A + 1.60%, 07/06/05 81,000 81,293 + 1.89%, 07/06/05 12,525 12,561 + 1.94%, 07/06/05 65,000 65,176 + 2.01%, 07/06/05 25,000 25,063 CALIFORNIA STATE PUBLIC WORKS BOARD +~@o Lease RB (University of California) Series 1997C 2.31%, 04/07/05 10,900 10,900 +~@o Lease RB Series 1999A 2.32%, 04/07/05 9,985 9,985 +~@o Lease Refunding RB (Dept of Corrections) Series 1993A 2.31%, 04/07/05 3,000 3,000 +~@o Lease Refunding RB (Dept of Corrections) Series 2004E 2.31%, 04/07/05 7,100 7,100 CALIFORNIA STATE UNIVERSITY INSTITUTE TECP Series A + 2.05%, 05/09/05 53,119 53,119 + 2.08%, 05/09/05 8,593 8,593 + 2.10%, 05/09/05 25,975 25,975 CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTH + 2004 TRAN Series A-1 1.59%, 06/30/05 23,000 23,079 2004 TRAN Series A-2 1.59%, 06/30/05 18,000 18,062 2004 TRAN Series A-3 1.59%, 06/30/05 65,500 65,724 +~@o 2004 TRAN Series B-1 2.31%, 04/07/05 24,365 24,365 ~@o 2004 TRAN Series B-2 2.31%, 04/07/05 50,000 50,000 +~@o COP (Sutter Health Related Group) 2.32%, 04/07/05 5,000 5,000 +@ IDRB (Biocol Investments) Series 1997B 2.50%, 04/07/05 1,500 1,500 +@ IDRB (Cowden Metal Stamping & Tooling) Series 1997A 2.50%, 04/07/05 1,145 1,145 +@ IDRB (Golden Valley Grape Juice & Wine) Series 1998 2.40%, 04/07/05 630 630 +@ IDRB (Integrated Rolling Co) Series 1999A 2.38%, 04/07/05 1,600 1,600 +@ IDRB (RL Group) Series 1998C 2.40%, 04/07/05 1,485 1,485 +@ M/F Housing RB (Agave at Elk Grove Apts) Series 2003DD 2.34%, 04/07/05 15,100 15,100 +@ M/F Housing RB (Bay Vista at Meadowpark Apts) Series 2003NN-1 2.37%, 04/07/05 15,000 15,000 +@ M/F Housing RB (Bay Vista at Meadowpark Apts) Series 2003NN-2 2.37%, 04/07/05 5,000 5,000 +@ M/F Housing RB (Creekside at Meadowpark Apts) Series 2002HH 2.34%, 04/07/05 15,000 15,000 +@ M/F Housing RB (Cypress Villa Apts) Series 2000F 2.34%, 04/07/05 4,725 4,725 +@ M/F Housing RB (Dublin Ranch Senior Apts) Series 2003OO 2.37%, 04/07/05 15,090 15,090 +@ M/F Housing RB (Emerald Gardens Apts) Series 2000E 2.34%, 04/07/05 7,320 7,320 +@ M/F Housing RB (Fairway Family Apts) Series 2003PP 2.37%, 04/07/05 30,000 30,000 +@ M/F Housing RB (Heritage Oaks Apts) Series 2004YY 2.34%, 04/07/05 7,000 7,000 +@ M/F Housing RB (Kimberly Woods Apts) Series 1995B 2.35%, 04/07/05 13,400 13,400 +@ M/F Housing RB (Laurel Park Senior Apts) Series 2002H 2.32%, 04/07/05 5,500 5,500 +@ M/F Housing RB (Los Padres Apts) Series 2003E 2.34%, 04/07/05 10,750 10,750 +@ M/F Housing RB (Marlin Cove Apts) Series 2000V 2.34%, 04/07/05 8,000 8,000 +@ M/F Housing RB (Oakmont of Concord) Series 2002Q 2.39%, 04/07/05 25,000 25,000 +@ M/F Housing RB (Park David Senior Apts) Series 1999D 2.34%, 04/07/05 8,220 8,220 +@ M/F Housing RB (Plaza Club Apts) Series 1997A 2.31%, 04/07/05 10,290 10,290
4 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ M/F Housing RB (Rancho Santa Fe Village Apts) Series 2004EE 2.28%, 04/07/05 13,000 13,000 +@ M/F Housing RB (Silvercrest Residence) Series 2003EEE 2.33%, 04/07/05 23,130 23,130 +@ M/F Housing RB (Valley Palms Apts) Series 2002C 2.34%, 04/07/05 12,000 12,000 +@ M/F Housing RB (Victoria Palm Villa Apts) Series 2003VV 2.39%, 04/07/05 34,000 34,000 +@ M/F Housing RB (Wilshire Court Apt) Series 2003M 2.34%, 04/07/05 15,000 15,000 +@ M/F Housing RB (Wilshire Court Apts) Series 2004AAA 2.34%, 04/07/05 5,000 5,000 +@ M/F Housing RB (Woodsong Apts) Series 1997B 2.28%, 04/07/05 3,227 3,227 +@ M/F Housing RB (Wyndover Apts) Series 2004 LL 2.34%, 04/07/05 9,000 9,000 +@ RB (Elder Care Alliance) Series 2000 2.28%, 04/07/05 12,560 12,560 +~@ RB (Gemological Institute) Series 2001 2.28%, 04/07/05 9,225 9,225 +@ RB (Japanese American National Museum) Series 2000A 2.30%, 04/07/05 4,600 4,600 +@ RB (Jewish Federation Council of Greater Los Angeles) Series 2000A 2.33%, 04/07/05 3,600 3,600 @ RB (Kaiser Permanente) Series 2001B 1.75%, 07/05/05 31,500 31,500 @ RB (Kaiser Permanente) Series 2002B 2.31%, 04/07/05 8,000 8,000 @ RB (Kaiser Permanente) Series 2003A 2.31%, 04/07/05 10,300 10,300 @ RB (Kaiser Permanente) Series 2003B 2.31%, 04/07/05 13,700 13,700 @ RB (Kaiser Permanente) Series 2004-E 1.08%, 04/01/05 53,000 53,000 1.10%, 04/01/05 52,300 52,069 RB (Kaiser Permanente) Series 2004K 2.00%, 05/16/05 27,000 27,000 @ RB (Kaiser Permanente) Series 2004L 2.31%, 04/07/05 7,800 7,800 @ RB (Kaiser Permanente) Series 2004M 2.31%, 04/07/05 13,000 13,000 +@ RB (Laurence School) Series 2003 2.27%, 04/07/05 3,950 3,950 +@ RB (National Public Radio) Series 2002 2.28%, 04/07/05 1,400 1,400 +@ RB (Painted Turtle) Series 2003 2.27%, 04/07/05 7,560 7,560 +@ Refunding RB (13th & I Associates) Series 1991 2.50%, 04/07/05 4,165 4,165 CARLSBAD +@ M/F Housing Refunding RB (Santa Fe Ranch Apts) Series 1993A 2.27%, 04/07/05 14,400 14,400 CONTRA COSTA CNTY +@ M/F Mortgage RB (El Cerrito Royale) Series 1987A 2.33%, 04/07/05 2,480 2,480 DAVIS COMMUNITY FACILITIES DISTRICT 1992-2 +@ Special Tax Bonds (East Davis Mace Ranch Area II) Series 2000 2.30%, 04/07/05 3,100 3,100 DIAMOND BAR PUBLIC FINANCING AUTH +@ Lease RB (Community Center) Series 2002A 2.42%, 04/07/05 5,755 5,755 DUBLIN HOUSING AUTH +@ M/F Housing RB (Park Sierra At Iron Horse Trail) Series 1998A 2.33%, 04/07/05 14,900 14,900 EAST BAY MUNICIPAL UTILITY DISTRICT Water System TECP ~ 2.03%, 04/06/05 36,500 36,500 ~ 2.03%, 04/07/05 17,800 17,800 ~ 2.03%, 04/08/05 25,000 25,000 ~ 2.00%, 05/05/05 26,900 26,900 ~ 2.11%, 05/09/05 10,800 10,800 ~ 2.00%, 05/16/05 38,900 38,900 EL CAJON REDEVELOPMENT AGENCY +@ M/F Housing RB (Park-Mollison & Madison Apts) Series 1998 2.31%, 04/07/05 4,900 4,900 EL CAMINO COMMUNITY COLLEGE DISTRICT +~@o GO Bonds Series 2003A 2.31%, 04/07/05 16,100 16,100 EMERYVILLE REDEVELOPMENT AGENCY +@ M/F Housing RB (Bay St Apts) Series 2002A 2.31%, 04/07/05 33,215 33,215 FILLMORE PUBLIC FINANCING AUTH +@ RB (Central City Redevelopment Area) Series 2003A 2.25%, 04/07/05 27,775 27,775 FOOTHILL-DE ANZA COMMUNITY COLLEGE DISTRICT ~@o GO Bonds Series A 2.32%, 04/07/05 9,970 9,970 FRESNO IDA +@ IDRB (Keiser Corp) Series 1997 2.34%, 04/07/05 1,500 1,500 HAYWARD +@ M/F Housing RB (Shorewood Apts) Series 1984A 2.29%, 04/07/05 12,100 12,100 HAYWARD HOUSING AUTH +@ M/F Mortgage Refunding RB (Huntwood Terrace Apts) Series 1993A 2.12%, 04/07/05 5,365 5,365 HERCULES PUBLIC FINANCING AUTH +@ Lease RB Series 2003A 2.27%, 04/07/05 7,000 7,000 HERCULES REDEVELOPMENT AGENCY +@ IDRB (Pro Media) Series 2000A 2.55%, 04/07/05 2,500 2,500
5 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) HESPERIA UNIFIED SD +~@ COP (2004 Interim School Facility Funding) 2.27%, 04/07/05 10,000 10,000 HUNTINGTON BEACH +@ M/F Housing RB (Five Points Seniors) Series 1991A 2.31%, 04/07/05 9,500 9,500 HUNTINGTON PARK REDEVELOPMENT AGENCY +@ M/F Housing RB (Casa Rita Apts) Series 1994A 2.31%, 04/07/05 4,950 4,950 IRVINE ASSESSMENT DISTRICT NO. 87-8 +@ Limited Obligation Improvement Bonds Series 1999 2.28%, 04/01/05 200 200 KERN CNTY 2004-05 TRAN 1.60%, 06/30/05 45,000 45,153 +@ COP Series 1986A 2.23%, 04/07/05 1,500 1,500 LONG BEACH +~@o Harbor Refunding RB Series 2005A 2.33%, 04/07/05 11,300 11,300 LONG BEACH HARBOR FACILITIES CORP. +~@ Harbor RB Series 2002A 2.31%, 04/07/05 14,000 14,000 Harbor TECP Series A ~ 2.10%, 05/12/05 10,000 10,000 ~ 2.07%, 06/08/05 28,750 28,750 LONG BEACH HOUSING AUTH +@ M/F Housing Refunding RB (Channel Point Apts) Series 1998A 2.30%, 04/07/05 7,000 7,000 LONG BEACH UNIFIED SD +~@ Capital Improvement Refinancing COP Series 2001 2.28%, 04/07/05 4,645 4,645 LOS ANGELES 2004 TRAN ~@o 2.31%, 04/07/05 34,000 34,000 1.97%, 06/30/05 85,000 85,829 +~@o GO Bonds Series 2004A 2.30%, 04/07/05 9,000 9,000 +~@o GO Refunding Bonds Series 1998A 2.30%, 04/07/05 4,150 4,150 +@ M/F Housing RB (Beverly Park Apts) Series 1988A 2.34%, 04/07/05 34,000 34,000 +@ M/F Housing RB (Channel Gateway Apts) Issue 1989B 2.33%, 04/07/05 47,700 47,700 +@ M/F Housing RB (Fountain Park Phase II) Series 2000B 2.25%, 04/07/05 33,615 33,615 +@ M/F Housing RB (Studio Colony) Series 1985C 2.27%, 04/07/05 15,111 15,111 +@ M/F Housing RB Series 1985K 2.23%, 04/07/05 852 852 +@ M/F Housing Refunding RB (Tri-City) Series 2001I 2.25%, 04/07/05 600 600 ~ Wastewater System TECP 2.04%, 04/12/05 34,000 34,000 LOS ANGELES CNTY CAPITAL ASSET LEASING CORP. Lease Revenue TECP + 1.90%, 04/07/05 28,800 28,800 + 2.03%, 04/08/05 25,710 25,710 + 2.00%, 05/05/05 16,500 16,500 + 2.04%, 05/11/05 17,860 17,860 LOS ANGELES CNTY METROPOLITAN TRANSPORTATION AUTH +~@o Sales Tax RB Series 1997A 2.32%, 04/07/05 23,830 23,830 Second Suboridinate Sales Tax Revenue TECP Series A + 1.85%, 04/06/05 12,000 12,000 + 2.03%, 04/06/05 13,139 13,139 + 2.00%, 05/09/05 25,267 25,267 + 2.00%, 05/10/05 10,054 10,054 + 2.00%, 05/16/05 26,154 26,154 + 2.05%, 05/18/05 38,684 38,684 + 2.07%, 06/09/05 20,000 20,000 +~@o Sr Sales Tax RB Series 2001A 2.31%, 04/07/05 12,600 12,600 +~@o Sr Sales Tax Refunding RB Series 2001B 2.31%, 04/07/05 24,750 24,750 LOS ANGELES COMMUNITY REDEVELOPMENT AGENCY +@ M/F Housing RB (Metropolitan Lofts Apts) Series 2002A 2.37%, 04/07/05 17,750 17,750 LOS ANGELES CONVENTION & EXHIBITION CENTER AUTH +~@ Refunding Lease RB Series 2003B2 2.20%, 04/07/05 7,070 7,070 +~@ Refunding Lease RB Series 2003E 2.28%, 04/07/05 14,500 14,500 LOS ANGELES DEPT OF WATER & POWER ~@ Power System RB Series 2001B-1 2.28%, 04/07/05 6,000 6,000 +~@o Power System RB Series 2001A 2.31%, 04/07/05 24,750 24,750 Power System RB Series 2001A-1 +~@o 2.31%, 04/07/05 15,000 15,000 ~@o 2.32%, 04/07/05 7,120 7,120 ~@ Power System RB Series 2001B-2 2.20%, 04/07/05 12,520 12,520 Power System Revenue CP Notes ~ 2.03%, 05/04/05 36,500 36,500 ~ 2.00%, 05/06/05 4,000 4,000 ~ 2.00%, 05/11/05 40,000 40,000 +~@o Water System RB Series 2001A 2.30%, 04/07/05 12,707 12,707 +~@o Water Works RB Series 1999 2.32%, 04/07/05 22,090 22,090 LOS ANGELES HARBOR DEPARTMENT TECP Series B ~ 2.02%, 04/05/05 10,100 10,100
6 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) ~ 1.89%, 04/07/05 27,465 27,465 ~ 2.04%, 04/07/05 8,204 8,204 ~ 2.05%, 04/07/05 24,457 24,457 ~ 2.03%, 05/10/05 10,072 10,072 ~ 2.02%, 05/16/05 11,282 11,282 LOS ANGELES MUNICIPAL IMPROVEMENT CORP. Lease Revenue TECP Series A-1 + 1.83%, 04/06/05 10,200 10,200 + 2.00%, 05/09/05 14,293 14,293 LOS ANGELES UNIFIED SD ~@o 2004-2005 TRAN Series A 2.31%, 04/07/05 121,500 121,500 +~@o GO Bonds Election of 2002 Series A (2003) 2.31%, 04/07/05 20,810 20,810 +~@o GO Bonds Series 1999C 2.31%, 04/07/05 16,400 16,400 LOS ANGELES WASTEWATER SYSTEM +~@o RB Series 1998A 2.31%, 04/07/05 17,000 17,000 +~@o Refunding RB Series 2002A 2.31%, 04/07/05 12,245 12,245 MADERA CNTY +@ Lease RB (Madera Municipal Golf Course Refinancing) Series 1993 2.24%, 04/07/05 3,050 3,050 MARTINEZ +@ M/F Housing Refunding RB (Muirwood Garden Apts) Series 2003A 2.24%, 04/07/05 6,800 6,800 MT. SAN ANTONIO COMMUNITY COLLEGE DISTRICT +~@o GO Bonds 2001 Election Series 2004B 2.31%, 04/07/05 13,140 13,140 MT. SAN JACINTO WINTER PARK AUTH +@ COP (1998 Palm Springs Aerial Tramway) 2.30%, 04/07/05 3,300 3,300 +@ COP (Palm Springs Aerial Tramway) Series 2000B 2.30%, 04/07/05 2,900 2,900 OAKLAND +~@o Insured RB (180 Harrison Foundation) Series 1999A 2.32%, 04/07/05 4,500 4,500 OAKLAND JOINT POWERS FINANCING AUTH +~@ Lease RB Series 1998A-2 2.25%, 04/07/05 5,580 5,580 OCEANSIDE +@ M/F Mortgage RB (Riverview Springs Apts) Series 1990A 2.31%, 04/07/05 12,070 12,070 ORANGE CNTY +@ Apartment Development Refunding RB (Villas Aliento) Series 1998E 2.28%, 04/07/05 4,500 4,500 +@ Apartment Development Refunding RB (Vintage Woods) Series 1998H 2.30%, 04/07/05 10,600 10,600 +@ Apartment Development Refunding RB (WLCO LF Partners) Series 1998G 2.30%, 04/07/05 15,150 15,150 +@ COP (Florence Crittenton Services) Series 1990 2.22%, 04/07/05 4,900 4,900 ORANGE CNTY LOCAL TRANSPORTATION AUTH + Sales Tax Revenue TECP 2.00%, 05/05/05 15,500 15,500 ORANGE CNTY SANITATION DISTRICT +~@o COP Series 2003 2.30%, 04/07/05 2,132 2,132 OXNARD FINANCING AUTH +~@ Lease RB Series 2003B 2.28%, 04/07/05 14,200 14,200 PALO ALTO UNIFIED SD ~@o GO Bonds Series B TOB Series 1997R 2.32%, 04/07/05 6,000 6,000 PETALUMA COMMUNITY DEVELOPMENT COMMISSION +@ M/F Housing RB (Oakmont) Series 1996A 2.32%, 04/07/05 3,450 3,450 PINOLE REDEVELOPMENT AGENCY +@ M/F Housing RB (East Bluff Apts) Series 1998A 2.35%, 04/07/05 4,959 4,959 PLEASANT HILL +@ M/F Mortgage RB (Brookside Apts) Series 1988A 2.23%, 04/07/05 4,300 4,300 PLEASANTON +@ M/F Housing RB (Busch Senior Housing) Series 2003A 2.34%, 04/07/05 13,360 13,360 PORT OF OAKLAND + CP Notes Series D 2.07%, 06/09/05 24,000 24,000 RB Series 2000K +~@o 2.33%, 04/07/05 8,415 8,415 +~@o 2.37%, 04/07/05 15,000 15,000 REDWOOD CITY +@ COP (City Hall) Series 1998 2.27%, 04/07/05 3,070 3,070 RICHMOND +@ M/F Housing RB (Baycliff Apts) Series 2004A 2.34%, 04/07/05 28,800 28,800 RIVERSIDE CNTY HOUSING AUTH +@ M/F Housing RB (Victoria Springs Apts) Series 1989C 2.31%, 04/07/05 9,000 9,000 +@ M/F Housing RB (Briarwood Apts) Series 1985C 2.31%, 04/07/05 4,500 4,500 +@ M/F Housing Refunding RB (Tyler Springs Apts) Series 1999C 2.30%, 04/07/05 8,300 8,300 ROSEVILLE JOINT UNION HIGH SD +~@ COP Series 2003 2.27%, 04/07/05 5,935 5,935
7 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) SACRAMENTO CNTY 2004 TRAN Series A 1.65%, 07/11/05 35,000 35,129 +@ Special Facilities Airport RB (Cessna Aircraft Co) Series 1998 2.29%, 04/07/05 3,300 3,300 SACRAMENTO CNTY HOUSING AUTH +@ M/F Housing RB (Carlton Plaza Senior Apts) Series 2003E 2.33%, 04/07/05 14,000 14,000 +@ M/F Housing RB (Hastings Park Apts) Series 2004G 2.34%, 04/07/05 16,500 16,500 +@ M/F Housing RB (Hidden Oaks Apts) Series 1999C 2.34%, 04/07/05 6,300 6,300 +@ M/F Housing Refunding RB (Chesapeake Commons Apts) Series 2001C 2.31%, 04/07/05 28,000 28,000 SACRAMENTO CNTY SANITATION DISTRICT ~@o RB Series 2000A 2.30%, 04/07/05 18,535 18,535 SACRAMENTO HOUSING AUTH +@ M/F Housing RB (Atrium Court Apts) 2002G 2.34%, 04/07/05 17,200 17,200 +@ M/F Housing RB (St. Anton Building Apts) Series 2003I 2.34%, 04/07/05 8,000 8,000 SACRAMENTO REDEVELOPMENT AGENCY +@ M/F Housing RB (18th & L Apts) Series 2002E 2.34%, 04/07/05 21,075 21,075 SACRAMENTO UNIFIED SD 2004-05 TRAN 2.05%, 11/30/05 10,000 10,094 SAN BERNARDINO CNTY +~@ COP (Medical Center) Series 1998 2.18%, 04/07/05 2,000 2,000 SAN DIEGO CNTY & SCHOOL DISTRICTS TRAN Program Note Participations Series 2004A 1.58%, 07/25/05 15,000 15,078 1.59%, 07/25/05 102,600 103,128 SAN DIEGO HOUSING AUTH +@ M/F Housing RB (Hillside Garden Apts) Series 2004B 2.34%, 04/07/05 12,800 12,800 +@ M/F Mortgage Refunding RB (Creekside Villa Apts) Issue 1999B 2.31%, 04/07/05 6,000 6,000 SAN DIEGO UNIFIED SD 2004-2005 TRAN Series A 1.59%, 07/25/05 75,000 75,328 +~@o GO Bonds Series 2002D 2.13%, 06/15/05 12,280 12,280 +~@o GO Bonds Series 2003E 2.13%, 06/15/05 21,665 21,665 SAN FRANCISCO AIRPORTS COMMISSION +~@o Second Series RB Series 18B 2.30%, 04/07/05 16,255 16,255 +~@o Second Series RB Series 24A 2.36%, 04/07/05 12,670 12,670 SAN FRANCISCO CITY & CNTY +@ M/F Housing RB (Carter Terrace Apts) Series 2002B 2.34%, 04/07/05 7,000 7,000 +@ M/F Housing Refunding RB (City Heights Apts) Series 1997A 2.35%, 04/07/05 19,800 19,800 SAN FRANCISCO CITY & CNTY HOUSING AUTH +@ M/F Housing Refunding RB (Valencia Gardens) Series 2004 2.30%, 04/07/05 20,000 20,000 SAN FRANCISCO CITY & CNTY REDEVELOPMENT AGENCY +@ M/F Housing RB (Derek Silva Community) Series 2002D 2.34%, 04/07/05 6,000 6,000 +@ M/F Housing RB (Ocean Beach Apts) Series 2001B 2.38%, 04/07/05 7,234 7,234 +@ M/F Housing Refunding RB (Fillmore Center) Series 1992A2 2.34%, 04/07/05 3,750 3,750 SAN FRANCISCO CNTY TRANSPORTATION AUTH CP Notes Series A & B ~ 2.04%, 04/12/05 25,000 25,000 ~ 2.07%, 05/11/05 10,000 10,000 ~ 2.04%, 05/16/05 10,000 10,000 ~ 2.07%, 06/09/05 7,500 7,500 ~ 2.10%, 06/10/05 20,000 20,000 SAN FRANCISCO UNIFIED SD 2004 TRAN 2.06%, 12/01/05 37,500 37,854 SAN GABRIEL VALLEY COUNCIL OF GOVERNMENTS + Grant Anticipation Notes (Alameda Corridor Transportation) 1.98%, 04/07/05 30,300 30,300 SAN JOAQUIN CNTY TRANSPORTATION AUTH + Sales Tax Revenue TECP 2.03%, 05/11/05 7,000 7,000 SAN JOSE +~@o GO Bonds (Libraries, Parks & Public Safety) Series 2002 2.30%, 04/07/05 11,222 11,222 +@ M/F Housing RB (Almaden Family Apts) Series 2003D 2.34%, 04/07/05 5,000 5,000 +@ M/F Housing RB (Almaden Lake Village Apts) Series 1997A 2.31%, 04/07/05 20,400 20,400 +@ M/F Housing RB (Betty Anne Gardens Apts) Series 2002A 2.31%, 04/07/05 7,610 7,610 +@ M/F Housing RB (El Paseo Apts) Series 2002B 2.31%, 04/07/05 5,145 5,145 +@ M/F Housing RB (Raintree Apts) Series 2005A 2.34%, 04/07/05 10,500 10,500 +@ M/F Housing RB (Siena at Renaissance Square Apts) Series 1996A 2.34%, 04/07/05 21,500 21,500
8 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) SAN JOSE FINANCING AUTH +~@ Lease RB (Land Acquisition) Series 2005B 2.31%, 04/07/05 12,845 12,845 SAN JOSE REDEVELOPMENT AGENCY +@ M/F Housing RB (101 San Fernando Apts) Series 1998A 2.33%, 04/07/05 38,000 38,000 SAN MARCOS REDEVELOPMENT AGENCY +@ M/F Housing RB (Grandon Village) Series 2002A 2.28%, 04/07/05 13,500 13,500 SANTA BARBARA CNTY 2004-2005 TRAN Series A 1.57%, 07/26/05 7,375 7,408 SANTA CLARA CNTY +@ M/F Housing Refunding RB (Briarwood Apts) Series 1996B 2.30%, 04/07/05 12,400 12,400 +@ M/F Housing Refunding RB (Grove Garden Apts) Series 1997A 2.30%, 04/07/05 14,000 14,000 SANTA CRUZ CNTY 2004-2005 TRAN Series A 1.62%, 07/06/05 10,000 10,036 SANTA FE SPRINGS IDA +@ IDRB (Tri-West) Series 1983 2.00%, 04/30/05 4,000 4,000 SANTA ROSA +@ Wastewater Refunding RB Series 2004A 2.27%, 04/07/05 23,000 23,000 SANTA ROSA HOUSING AUTH +@ M/F Housing RB (Quail Run Apts) Series 1997A 2.37%, 04/07/05 8,380 8,380 SOUTH PLACER WASTEWATER AUTH +~@ Wastewater RB Series B 2.25%, 04/07/05 5,200 5,200 SOUTH SAN FRANCISCO +@ M/F Housing RB (Magnolia Plaza Apts) Series 1987A 2.36%, 04/07/05 5,500 5,500 SOUTHERN CALIFORNIA HOME FINANCING AUTH ~@ S/F Mortgage RB Series 2004A 2.32%, 04/07/05 24,800 24,800 ~@ S/F Mortgage RB Series 2004B 2.30%, 04/07/05 15,980 15,980 SOUTHERN CALIFORNIA METROPOLITAN WATER DISTRICT ~@o Water RB Series 1999A 2.32%, 04/07/05 18,500 18,500 ~@ Water Refunding RB Series 2003C-1 2.20%, 04/07/05 15,300 15,300 ~@ Water Refunding RB Series 2003C-2 2.23%, 04/07/05 9,000 9,000 STOCKTON +@ Arch Road East Community Facilities District No. 99-02 Special Tax Bonds Series 1999 2.30%, 04/07/05 1,255 1,255 SUNNYVALE +~@ COP (Government Center Site Acquisition) Series 2001A 2.28%, 04/07/05 6,800 6,800 SWEETWATER UNION HIGH SD +~@o Special Tax RB Series 2005A 2.31%, 04/07/05 8,100 8,100 UNION CITY +@ M/F Housing Refunding RB (Greenhaven Apts) Series 1997A 2.30%, 04/07/05 7,975 7,975 UNIVERSITY OF CALIFORNIA +~@o General RB Series 2003A 2.30%, 04/07/05 8,265 8,265 +~@o General Revenue Bonds Series 2003A 2.30%, 04/07/05 9,005 9,005 ~@o RB (Multiple Purpose) Series K 2.31%, 04/07/05 19,430 19,430 +~@o RB (Multiple Purpose) Series O 2.30%, 04/07/05 7,495 7,495 TECP Series A 1.95%, 04/06/05 8,600 8,600 1.88%, 04/08/05 25,200 25,200 2.00%, 05/11/05 2,500 2,500 2.00%, 05/16/05 12,545 12,545 VAL VERDE UNIFIED SD +@ COP (Land Bank) Series 2004A 2.28%, 04/07/05 2,600 2,600 VENTURA CNTY 2004-05 TRAN 1.60%, 07/01/05 60,000 60,206 VICTOR VALLEY COMMUNITY COLLEGE DISTRICT +@ COP Series 1997 2.32%, 04/07/05 50,475 50,475 WEST SACRAMENTO COMMUNITY FACILITIES DISTRICT #6 +@ Special Tax Bonds Series 1997A 2.45%, 04/07/05 780 780 WESTERN PLACER UNIFIED SD +@ COP (School Facilities) Series 2003 2.33%, 04/07/05 9,000 9,000 WESTMINISTER REDEVELOPMENT AGENCY +~@ Commercial Redevelopment Project No. 1 Tax Allocation Refunding RB Series 1997 2.27%, 04/07/05 21,500 21,500 +@ M/F Housing RB (Brookhurst Royale Senior Assisted Living) Series 2000A 2.45%, 04/07/05 7,700 7,700 WESTMINSTER +~@ COP (Civic Center Refunding) Series 1998A 2.27%, 04/07/05 3,410 3,410 ----------- 6,832,854 PUERTO RICO 2.4% GOVERNMENT DEVELOPMENT BANK OF PUERTO RICO TECP Series 1997 2.37%, 06/03/05 8,340 8,340
9 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) PUERTO RICO +~@o Public Improvement & Refunding Bonds Series 2000 2.28%, 04/07/05 400 400 +~@o Public Improvement Bonds 2000 2.28%, 04/07/05 6,800 6,800 +~@o Public Improvement Bonds Series 2001A 2.31%, 04/07/05 5,135 5,135 +~@o Public Improvement Bonds Series 2001B 2.29%, 04/07/05 7,295 7,295 +~@o Public Improvement Refunding Bonds Series 2002A 2.38%, 04/07/05 4,995 4,995 PUERTO RICO ELECTRIC POWER AUTH +~@o Power RB Series HH 2.29%, 04/07/05 20,765 20,765 +~@o Power RB Series II 2.29%, 04/07/05 7,405 7,405 PUERTO RICO HFC +~@o Homeownership Mortgage GNMA-Guaranteed RB Series 1998A 1.10%, 04/07/05 9,900 9,900 +~@o Homeownership Mortgage RB Series 2000A 2.31%, 04/07/05 685 685 M/F Mortgage RB Portfolio A Series I +~@o 2.31%, 04/07/05 5,000 5,000 +~@o 2.33%, 04/07/05 3,590 3,590 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH +~@o Grant Anticipation RB 2.29%, 04/07/05 4,250 4,250 +~@o Highway RB Series Y 2.28%, 04/07/05 5,700 5,700 2.29%, 04/07/05 8,600 8,600 +~@o Highway Refunding RB Series AA 2.29%, 04/07/05 3,995 3,995 +~@o Subordinated Transportation RB Series 20 03 2.28%, 04/07/05 6,200 6,200 +~@ Transportation RB Series 1998A 2.23%, 04/07/05 2,610 2,610 +~@o Transportation RB Series 2000B 2.32%, 04/07/05 4,950 4,950 +~@o Transportation RB Series G & Subordinated RB Series 2003 2.29%, 04/07/05 9,380 9,380 +~@o Transportation RB Series J & I 2.29%, 04/07/05 4,995 4,995 PUERTO RICO INFRASTRUCTURE FINANCING AUTH ~@o Special Obligation Bonds Series 2000A 2.29%, 04/07/05 20,000 20,000 +~@o Special Tax RB Series 1997A 2.28%, 04/07/05 3,290 3,290 PUERTO RICO PUBLIC BUILDINGS AUTH +~@o Government Facilities RB Series B 2.29%, 04/07/05 6,295 6,295 +~@o Refunding RB Series L 2.29%, 04/07/05 3,500 3,500 ----------- 164,075
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $6,996,929. 10 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. + Credit-enhanced security ~ Liquidity-enhanced security @ Variable-rate security o Tender Option Bond For fixed-rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date. For variable-rate obligations without demand features, the maturity shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 99.9% MUNICIPAL SECURITIES 13,056,809 13,056,809 -------------------------------------------------------------------------------- 99.9% TOTAL INVESTMENTS 13,056,809 13,056,809 0.1% OTHER ASSETS AND LIABILITIES 13,873 -------------------------------------------------------------------------------- 100.0% NET ASSETS 13,070,682
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MUNICIPAL SECURITIES 99.9% of net assets ALABAMA 0.8% ALABAMA IDA +@ IDRB (Scientific Utilization) Series 1996 2.58%, 04/07/05 1,890 1,890 BIRMINGHAM PUBLIC EDUCATIONAL BUILDING AUTH +@ Student Housing RB Series 2005A 2.30%, 04/07/05 6,415 6,415 BIRMINGHAM SPECIAL CARE FACILITIES FINANCING AUTH +@ Health Care Facility RB (Eastern Health System) Series 2003A 2.29%, 04/07/05 36,500 36,500 DAPHNE UTILITIES BOARD +~@ Water, Gas & Sewer Refunding RB Series 2000 2.31%, 04/07/05 8,100 8,100 DECATUR IDB @ Exempt Facilities Refunding RB (Nucor Steel Decatur) Series 2003A 2.34%, 04/07/05 17,000 17,000 DOTHAN IDB +@ IDRB (Baxley Blowpipe) Series 1997 3.03%, 04/07/05 200 200 FT. PAYNE IDA +@ IDRB (Charleston Hosiery) Series 1997 2.39%, 04/07/05 800 800 HOOVER BOARD OF EDUCATION +~@o Capital Outlay TAN Series 2001 2.32%, 04/07/05 9,860 9,860 INDIAN SPRINGS VILLAGE +@ RB (Joseph Bruno Montessori Academy) Series 1999 2.45%, 04/07/05 1,190 1,190 SCOTTSBORO +@ School Warrants Series 1997 2.38%, 04/07/05 3,655 3,655 STEVENSON IDB +@ Environmental Improvement RB (Mead Corp) Series 1997 2.34%, 04/07/05 17,300 17,300 TUSCALOOSA CNTY +@ IDRB (Knight Specialties) Series 1998 2.50%, 04/07/05 885 885 ----------- 103,795 ALASKA 0.2% ALASKA HFC +~@o General Mortgage RB Series 1999A 2.35%, 04/07/05 21,805 21,805 ~@o General Mortgage RB Series 2002A 2.32%, 04/07/05 5,995 5,995 ----------- 27,800 ARIZONA 0.6% ARIZONA HEALTH FACILITIES AUTH +~@ Hospital RB (Northern Arizona Healthcare System) Series 1996B 2.28%, 04/07/05 7,050 7,050 +~@ RB (Arizona Voluntary Hospital Federation Pooled Loan Program) Series 1985A 2.28%, 04/07/05 5,595 5,595 +~@ RB (Arizona Voluntary Hospital Federation Pooled Loan Program) Series 1985B 2.28%, 04/07/05 9,310 9,310 CHANDLER IDA +@ IDRB (South Bay Circuits) Series 1999A 2.40%, 04/07/05 1,300 1,300 MARICOPA CNTY IDA +@ M/F Mortgage Refunding RB (San Fernando Apts) Series 2004 2.35%, 04/07/05 7,750 7,750 PHOENIX CIVIC IMPROVEMENT CORP. +@ Subordinated Excise Tax RB (Airport Improvements) Series 1995 2.30%, 04/07/05 1,000 1,000
1 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) SUN DEVIL ENERGY CENTER +~@ RB (Arizona State Univ) Series 2004 2.30%, 04/07/05 16,000 16,000 TEMPE INDUSTRIAL DEVELOPMENT AUTH +@ RB (ASUF Brickyard) Series 2004A 2.30%, 04/07/05 11,210 11,210 YAVAPAI CNTY IDA +~@ Hospital RB (Yavapai Regional Medical Center) Series 1997B 2.28%, 04/07/05 14,250 14,250 ----------- 73,465 ARKANSAS 0.1% ARKANSAS DEVELOPMENT FINANCE AUTH +@ IDRB (C&C Holding Co) Series 1998 2.40%, 04/07/05 850 850 INDEPENDENCE CNTY +@ IDRB (Townsends) Series 1996 2.34%, 04/07/05 9,000 9,000 ----------- 9,850 CALIFORNIA 4.5% ACCESS LOANS FOR LEARNING STUDENT LOAN CORP. +@ Student Loan Program RB Senior Series II-A8 2.33%, 04/07/05 22,150 22,150 +@ Student Loan Program RB Senior Series II-A9 2.28%, 04/07/05 74,000 74,000 +@ Student Loan Program RB Series II-A1 2.33%, 04/07/05 35,000 35,000 +@ Student Loan Program RB Series II-A2 2.33%, 04/07/05 20,000 20,000 +@ Student Loan Program RB Series II-A3 2.33%, 04/07/05 23,700 23,700 CALIFORNIA 2004-05 RAN Series A 1.73%, 06/30/05 170,250 170,775 ~@ Economic Recovery Bonds Series 2004C-4 2.33%, 04/01/05 4,000 4,000 CALIFORNIA DEPT OF WATER RESOURCES +@ Power Supply RB Series 2002B-2 2.30%, 04/01/05 5,000 5,000 +@ Power Supply RB Series 2002C-17 2.25%, 04/07/05 1,700 1,700 CALIFORNIA HEALTH FACILITIES FINANCE AUTH +~@ Insured RB (Sutter/CHS) Series 1996B 2.28%, 04/01/05 7,000 7,000 CALIFORNIA HFA +~@ Home Mortgage RB Series 2000N 2.30%, 04/07/05 4,065 4,065 +~@ Home Mortgage RB Series 2002B 2.35%, 04/01/05 8,300 8,300 +~@ Home Mortgage RB Series 2002F 2.27%, 04/01/05 5,305 5,305 +~@ Home Mortgage RB Series 2003H 2.12%, 04/07/05 975 975 ~@ Home Mortgage RB Series 2005B 2.37%, 07/01/05 30,220 30,220 ~@ M/F Housing RB III Series 2002E 2.32%, 04/07/05 6,330 6,330 CALIFORNIA SCHOOL CASH RESERVE PROGRAM AUTH + Pool Bonds Series 2004A 1.60%, 07/06/05 10,000 10,036 LOS ANGELES ~ Wastewater System TECP 1.90%, 04/07/05 46,875 46,875 LOS ANGELES CNTY 2004-05 TRAN Series A 1.60%, 06/30/05 85,000 85,289 LOS ANGELES CNTY CAPITAL ASSET LEASING CORP. + Lease Revenue TECP 2.02%, 04/07/05 2,500 2,500 LOS ANGELES CNTY METROPOLITAN TRANSPORTATION AUTH + Second Subordinate Sales Tax Revenue TECP Series A 2.10%, 06/10/05 28,051 28,051 ----------- 591,271 COLORADO 4.0% ARAPAHOE CNTY +@ Refunding IDRB (Denver Jetcenter) Series 1997 2.15%, 04/30/05 3,500 3,500 ARVADA +~@ Water Enterprise RB Series 2001 2.05%, 04/01/05 4,100 4,100 CENTERRA METROPOLITAN DISTRICT NO.1 +@ Revenue Bonds Series 2004 2.31%, 04/07/05 10,000 10,000 COLORADO ~@o Education Loan Program TRAN Series 2004A 2.31%, 04/07/05 34,920 34,920 General Fund TRAN Series 2004A 1.60%, 06/27/05 38,400 38,526 1.58%, 06/27/05 98,000 98,326 1.58%, 06/27/05 10,000 10,022 COLORADO DEPT OF TRANSPORTATION +~@o Transportation RAN Series 2004A 2.31%, 04/07/05 9,500 9,500 COLORADO HOUSING & FINANCE AUTH +@ Economic Development RB (Pemracs) Series 2000A 2.40%, 04/07/05 3,440 3,440 S/F Mortgage Class I Bonds Series 2004A-4 1.82%, 08/01/05 26,300 26,300 ~@o S/F Program Senior Bonds Series 1995D 2.43%, 04/07/05 865 865 COLORADO STUDENT LOAN AUTH +~@ Sr Lien Student Loan RB Series 1999A-2 2.32%, 04/07/05 28,400 28,400 +~@ Sr Lien Student Loan RB Series 1999A-3 2.32%, 04/07/05 29,800 29,800 +~@ Student Loan Program Sr Bonds Series 1990A 2.35%, 04/07/05 14,400 14,400
2 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +~@ Student Loan RB Series 1989A 2.32%, 04/07/05 49,400 49,400 DENVER CITY & CNTY +@ Airport System RB Series 1992F 2.32%, 04/07/05 17,875 17,875 +@ Airport System RB Series 1992G 2.32%, 04/07/05 18,325 18,325 +~@ Airport System Refunding RB Series 2000B 2.30%, 04/07/05 10,000 10,000 +~@ Airport System Refunding RB Series 2000C 2.32%, 04/07/05 50,000 50,000 +~@ Refunding COP (Wellington E. Webb Municipal Office Building) Series 2003C-3 2.28%, 04/07/05 20,000 20,000 LOWRY ECONOMIC DEVELOPMENT AUTH +@ IDRB Series 2002B 2.28%, 04/07/05 14,140 14,140 +@ Refunding RB Series 2002A 2.28%, 04/07/05 11,260 11,260 REGIONAL TRANSPORTATION DISTRICT + Subordinate Lien Sales Tax Revenue TECP Series 2001A 2.00%, 04/06/05 7,500 7,500 WESTMINSTER ECONOMIC DEVELOPMENT AUTH +@ Tax Increment RB (Westminster Plaza) Series 1997A 2.40%, 04/07/05 6,310 6,310 ----------- 516,909 CONNECTICUT 1.4% CONNECTICUT HFA +~@o Housing Draw Down Bonds Series 2004B 2.33%, 04/07/05 8,405 8,405 +~@o S/F Mortgage RB Draw Down Series 2004B 2.33%, 04/07/05 141,940 141,940 FAIRFIELD GO BAN Series 2004 1.50%, 07/28/05 25,000 25,119 ----------- 175,464 DELAWARE 0.3% DELAWARE ECONOMIC DEVELOPMENT AUTH +~@ RB (Hospital Billing & Collection Service) Series 1985 2.24%, 04/07/05 1,115 1,115 +~@ RB (Hospital Billing & Collection Service) Series 1985C 2.24%, 04/07/05 3,780 3,780 NEW CASTLE CNTY +@ Airport Facility RB (Flightsafety International) Series 2002 2.32%, 04/07/05 16,600 16,600 +@ M/F Rental Housing RB (Fairfield English Village) Series 2005 2.35%, 04/07/05 8,500 8,500 SUSSEX CNTY +@ IDRB (Perdue-Agrirecycle) Series 2000 2.34%, 04/07/05 5,300 5,300 +@ RB (Baywood) Series 1997A 2.50%, 04/07/05 2,400 2,400 ----------- 37,695 DISTRICT OF COLUMBIA 0.2% DISTRICT OF COLUMBIA +@ Enterprise Zone RB (Crowell & Moring) Series 2001 2.34%, 04/07/05 3,300 3,300 +~@ GO Bonds Series 2003D-3 2.27%, 04/07/05 9,000 9,000 +~@o GO Refunding Bonds Series 1999B 2.32%, 04/07/05 14,640 14,640 +@ RB (American Psychological Assn) Series 2003 2.35%, 04/07/05 2,755 2,755 ----------- 29,695 FLORIDA 5.7% ALACHUA CNTY HEALTH FACILITIES AUTH +@ Continuing Care Retirement Community RB (Oak Hammock Project) Series 2002A 2.29%, 04/01/05 400 400 BREVARD CNTY HEALTH FACILITIES AUTH +@ RB (Wuesthoff Health Systems) Series 2004 2.29%, 04/07/05 1,000 1,000 BROWARD CNTY +~@ Subordinate Port Facilities Refunding RB (Port Everglades) Series 1998 2.33%, 04/07/05 9,025 9,025 BROWARD CNTY EDUCATIONAL FACILITIES AUTH +@ Educational Facilities RB (Nova Southeastern University) Series 2000A 2.29%, 04/07/05 4,200 4,200 BROWARD CNTY HFA +@ M/F Housing RB (Southern Pointe) Series 1997 2.28%, 04/07/05 7,750 7,750 +@ M/F Housing RB (Landings of Inverrary Apts) Series 1985 2.00%, 04/07/05 7,500 7,500 +@ M/F Housing RB (Pier Club Village Apts) Series 2004 2.30%, 04/07/05 13,800 13,800 +@ M/F Housing RB (Sanctuary Apts) Series 1985 2.00%, 04/07/05 7,600 7,600 +@ M/F Housing Refunding RB (Island Club Apts) Series 2001A 2.30%, 04/07/05 3,000 3,000 +@ M/F Housing Refunding RB (Reflections Apartments Project) Series 1999 2.28%, 04/07/05 4,000 4,000 CHARLOTTE CNTY +~@ Refunding RB Series 2003A 2.30%, 04/07/05 50,465 50,465 +~@ Refunding RB Series 2003B 2.30%, 04/07/05 5,800 5,800
3 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) CHARLOTTE CNTY HFA +@ M/F Housing RB (Murdock Circle Apartments) Series 2000 2.34%, 04/07/05 3,250 3,250 CLAY CNTY UTILITY AUTH +@ Utilities System RB Series 2003A 2.30%, 04/07/05 3,225 3,225 COLLIER CNTY HFA +@ M/F Housing RB (Brittany Bay Apts) Series 2001A 2.30%, 04/07/05 3,350 3,350 COLLIER CNTY IDA +@ Educational Facilities RB (Community School of Naples) Series 2002 2.30%, 04/07/05 7,650 7,650 DADE CNTY +~@ Water & Sewer System RB Series 1994 2.28%, 04/07/05 2,600 2,600 ESCAMBIA HFA +~@o S/F RB Series 2001A 2.40%, 04/07/05 1,845 1,845 FLORIDA HFA +@ Housing RB (Ashley Lake Park II) Series 1989J 2.30%, 04/07/05 14,550 14,550 +@ Housing RB (Heron Park) Series 1996U 2.30%, 04/07/05 3,750 3,750 +@ M/F Guaranteed Mortgage RB (Oaks at Regency) Series 1983K 2.28%, 04/07/05 6,300 6,300 +@ M/F Housing RB (Cameron Cove Apts) Series 1985XX 2.16%, 04/07/05 6,100 6,100 +@ M/F Housing Refunding RB (Reflections Apts) Series 2001K-A 2.30%, 04/07/05 10,600 10,600 +@ M/F Mortgage RB (Arlington Apts) Series 2004G-1 2.34%, 04/07/05 11,340 11,340 +@ RB (Heritage Pointe Apts) Series 1999I-1 2.33%, 04/07/05 8,500 8,500 FLORIDA LOCAL GOVERNMENT FINANCE COMM Pooled TECP Series 1994A + 1.98%, 04/07/05 3,200 3,200 + 2.06%, 06/06/05 22,514 22,514 + 2.06%, 06/07/05 12,000 12,000 FORT LAUDERDALE +~@ RB (Pine Crest Preparatory School) Series 2002 2.30%, 04/07/05 15,935 15,935 GREATER ORLANDO AVIATION AUTH +~@ Airport Facilities RB Series 2002E 2.28%, 04/07/05 123,890 123,890 Airport Facilities Subordinated TECP Series B + 2.21%, 05/09/05 12,650 12,647 + 2.08%, 05/17/05 23,170 23,170 GULF BREEZE +~@ Local Government Loan Program RB Series 1985B 2.28%, 04/07/05 12,620 12,620 +~@ Local Government Loan Program RB Series 1985E 2.28%, 04/07/05 4,900 4,900 HALIFAX HOSPITAL MEDICAL CENTER +@ RB (Florida Health Care Plan) Series 1998 2.29%, 04/07/05 5,200 5,200 HILLSBOROUGH CNTY AVIATION AUTH Airport Facilities Subordinated TECP Series B + 2.08%, 05/17/05 7,600 7,600 + 2.10%, 05/17/05 7,700 7,700 HILLSBOROUGH CNTY EDUCATIONAL FACILITIES AUTH +@ RB (Univ of Tampa) Series 2000 2.35%, 04/07/05 5,500 5,500 HILLSBOROUGH CNTY IDA +~@o IDRB (University Community Hospital) Series 1994 2.31%, 04/07/05 1,970 1,970 +@ RB (Tampa Metropolitan Area YMCA) Series 2000 2.35%, 04/07/05 7,600 7,600 JACKSONVILLE ECONOMIC DEVELOPMENT COMM +@ Educational Facilities RB (Episcopal High School) Series 2002 2.30%, 04/07/05 5,600 5,600 +@ Refunding RB (YMCA of Florida First Coast) Series 2003 2.30%, 04/07/05 4,800 4,800 +@ Special Facility Airport RB (Holland Sheltair Aviation Group) Series 2004A-1 2.35%, 04/07/05 10,690 10,690 JACKSONVILLE ELECTRIC AUTH o Merlot-2000FF 2.35%, 04/07/05 3,575 3,575 JACKSONVILLE HEALTH FACILITIES AUTH +@ Health Facilities RB (River Garden/The Coves) Series 1994 2.34%, 04/07/05 3,265 3,265 MANATEE CNTY HFA +@ M/F Housing RB (Sabal Palm Harbor Apts) Series 2000A 2.34%, 04/07/05 4,200 4,200 MARION CNTY IDA +@ M/F Housing Refunding RB (Chambrel at Pinecastle Project) Series 2002 2.30%, 04/07/05 4,000 4,000 MIAMI-DADE CNTY IDA +~@ IDRB (Airis Miami LLC) Series 1999A 2.28%, 04/07/05 10,500 10,500 OKEECHOBEE CNTY +@ Exempt Facility RB (Okeechobee Landfill) Series 1999 2.34%, 04/07/05 15,000 15,000 ORANGE CNTY HFA +@ M/F Housing Refunding RB (Heather Glen Apts) Series 2001E 2.25%, 04/07/05 11,900 11,900
4 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ M/F Housing Refunding RB (Smokewood/Sun Key Apts) Series 1992A 2.30%, 04/07/05 4,600 4,600 ORANGE CNTY IDA +@ Educational Facilities RB (UCF Hospitality School Student Housing Fndn) Series 2004 2.29%, 04/07/05 9,000 9,000 +@ RB (Center For Drug Free Living) Series 1999 2.29%, 04/07/05 8,815 8,815 ORLANDO-ORANGE CNTY EXPRESSWAY AUTH +~@ RB Series 2005A-1 2.25%, 04/07/05 26,850 26,850 +~@ RB Series 2005B-1 2.28%, 04/07/05 24,820 24,820 PALM BEACH CNTY +@ Economic Development Refunding & Improvement RB (YMCA) Series 2003 2.29%, 04/07/05 13,700 13,700 PALM BEACH CNTY EDUCATIONAL FACILITIES AUTH +@ Educational Facilities RB (Lynn Univ) Series 2001 2.30%, 04/07/05 7,135 7,135 PALM BEACH CNTY HEALTH FACILITIES AUTH + Refunding Program RB (Pooled Hospital Loan Program) Series 1985 2.13%, 05/19/05 7,300 7,300 PASCO CNTY SD +~@ COP Series 1996 2.28%, 04/07/05 25,100 25,100 PINELLAS CNTY EDUCATIONAL FACILITIES AUTH +@ RB (Shorecrest Preparatory School) Series 2001 2.29%, 04/07/05 905 905 PINELLAS CNTY IDA +@ RB (Pact) Series 2003 2.30%, 04/07/05 7,500 7,500 PINELLAS CNTY INDUSTRY COUNCIL +@ RB (Operation Par) Series 1999 2.34%, 04/07/05 4,655 4,655 SANTA ROSA CNTY +@ Health Facilities RB (Baptist Hospital) Series 2003 2.30%, 04/07/05 7,590 7,590 SUNSHINE STATE GOVERNMENT FINANCING COMM +~ CP Revenue Notes (Miami-Dade Cnty Program) Series G 2.05%, 05/05/05 6,900 6,900 TALLAHASSEE-LEON CNTY CIVIC CENTER AUTH +@ Capital Improvement RB Series 1998A 2.29%, 04/07/05 14,690 14,690 TAMPA +@ RB (Tampa Preparatory School) Series 2000 2.30%, 04/07/05 4,500 4,500 TAMPA BAY WATER UTILITY +@ Utility System RB Series 2002 2.35%, 04/07/05 6,900 6,900 UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION +@ RB (Interdisciplinary Research Building) Series 2004A 2.31%, 04/07/05 18,155 18,155 VOLUSIA CNTY EDUCATIONAL FACILITIES AUTH +@ Educational Facilities RB (Bethune-Cookman College) Series 2001 2.29%, 04/07/05 10,560 10,560 ----------- 747,251 GEORGIA 5.0% ATLANTA +~@o Airport General Refunding RB Series 2000A 2.33%, 04/07/05 11,195 11,195 +~@o Airport General Refunding RB Series 2000C 2.37%, 04/07/05 3,385 3,385 +~@ Airport General Refunding RB Series 2003RF-B1 2.29%, 04/07/05 73,330 73,330 +~@o Airport General Refunding RB Series 2003RF-D 2.37%, 04/07/05 6,180 6,180 +~@o Water & Wastewater RB Series 2004 2.32%, 04/07/05 20,000 20,000 ATLANTA URBAN RESIDENTIAL FINANCE AUTH +@ M/F Housing RB (Brentwood Creek Apts ) Series 1999 2.34%, 04/07/05 4,425 4,425 +@ M/F Housing RB (Brentwood Meadows Apts ) Series 1999 2.34%, 04/07/05 2,865 2,865 +@ M/F Housing RB (Brentwood Village Apts) Series 1999 2.34%, 04/07/05 5,810 5,810 +@ M/F Housing RB (Carver Redevelopment Phase III) Series 2001 2.34%, 04/07/05 3,440 3,440 +@ M/F Housing RB (Delmonte/Brownlee Court) Series 2001A 2.34%, 04/07/05 4,600 4,600 +@ M/F Housing RB (Lindbergh City Center Apts) Series 2004 2.35%, 04/07/05 5,000 5,000 +@ M/F Housing RB (M St Apts) Series 2003 2.36%, 04/07/05 7,000 7,000 +@ M/F Housing RB (Peaks at West Atlanta Apts) Series 2001 2.34%, 04/07/05 5,000 5,000 +@ M/F Senior Housing RB (Big Bethel Village) Series 2001 2.34%, 04/07/05 4,400 4,400 AUGUSTA HOUSING AUTH +@ M/F Housing RB (G-Hope) Series 2001 2.34%, 04/07/05 3,745 3,745
5 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) BARTOW CNTY +@ IDRB (Bartow Paving Co) Series 1998 2.39%, 04/07/05 1,800 1,800 CARTERSVILLE DEVELOPMENT AUTH +@ IDRB (Cartersville Facilities) Series 1998 2.41%, 04/07/05 1,800 1,800 CHEROKEE CNTY +@ IDRB (Universal Alloy Corp) Series 1996 2.34%, 04/07/05 1,900 1,900 CLAYTON CNTY DEVELOPMENT AUTH +@ IDRB (Wilson Holdings) Series 1998 2.39%, 04/07/05 400 400 CLAYTON CNTY HOUSING AUTH +@ M/F Housing RB (Hyde Park Club Apts) Series 1997 2.35%, 04/07/05 11,995 11,995 COBB CNTY HOUSING AUTH +@ M/F Housing RB (Walton Green Apts) Series 1995 2.34%, 04/07/05 13,500 13,500 +@ M/F Housing RB (Woodchase Village Apts) Series 2003 2.38%, 04/07/05 4,000 4,000 +@ M/F Housing Refunding RB (Walton Park Apts) Series 2000 2.34%, 04/07/05 21,100 21,100 COLUMBUS DEVELOPMENT AUTH +@ RB (Foundation Properties) Series 2002 2.33%, 04/07/05 11,285 11,285 COLUMBUS HOUSING AUTH +@ M/F Housing RB (Eagles Trace Apts) Series 2002 2.34%, 04/07/05 6,300 6,300 DALTON DEVELOPMENT AUTH +@ Revenue Certificates (Hamilton Health Care System) Series 2003B 2.30%, 04/07/05 30,245 30,245 DAWSON CNTY +@ IDRB (World Wide Mnfg) Series 1998 2.39%, 04/07/05 2,200 2,200 DEKALB CNTY DEVELOPMENT AUTH +@ RB (Arbor Montessori School) Series 1998 2.29%, 04/07/05 1,100 1,100 DEKALB CNTY PUBLIC SAFETY & JUDICIAL FACILITIES AUTH ~@o RB Series 2004A 2.32%, 04/07/05 20,015 20,015 DEKALB CNTY HOUSING AUTH +@ M/F Housing RB (Brittany Apts) Series 2001 2.35%, 04/07/05 8,000 8,000 +@ M/F Housing RB (Eagles Trace Apts) Series 1996 2.33%, 04/07/05 8,750 8,750 +@ M/F Housing RB (Mountain Crest Apts) Series 2002 2.34%, 04/07/05 7,775 7,775 +@ M/F Housing RB (Villas of Friendly Heights Apts) Series 2001 2.34%, 04/07/05 3,575 3,575 +@ M/F Housing RB (Wesley Club Apts) Series 2002 2.34%, 04/07/05 5,945 5,945 DOUGLAS CNTY IDA +@ IDRB (Blue Circle Aggregates) Series 1997 2.35%, 04/07/05 3,800 3,800 EFFINGHAM CNTY IDA +@ RB (TEMCOR) Series 2001 2.34%, 04/07/05 3,355 3,355 FORSYTH CNTY DEVELOPMENT AUTH +@ Economic Development RB (Federal Road) Series 2001 2.34%, 04/07/05 6,700 6,700 FULTON CNTY +~@o Water & Sewerage RB Series 2004 2.32%, 04/07/05 10,000 10,000 FULTON CNTY DEVELOPMENT AUTH +@ RB (Atlanta International School) Series 1997 2.29%, 04/07/05 2,500 2,500 ~@ RB (Robert W. Woodruff Arts Center) Series 2004B 2.29%, 04/07/05 16,000 16,000 +@ RB (Trinity School) Series 2001 2.29%, 04/07/05 7,000 7,000 FULTON-DEKALB HOSPITAL AUTH +~@o Refunding Revenue Certificates Series 2003 2.32%, 04/07/05 4,995 4,995 GAINESVILLE REDEVELOPMENT AUTH +@ Educational Facilities RB (Riverside Military Academy) Series 1999 2.29%, 04/07/05 29,500 29,500 GEORGIA ~@o GO Bonds Series 1998B 2.32%, 04/07/05 20,245 20,245 ~@o GO Bonds Series 2002B 2.32%, 04/07/05 1,100 1,100 GORDON CNTY DEVELOPMENT AUTH +@ RB (Constantine Dyeing) Series 2001 2.34%, 04/07/05 3,020 3,020 GWINNETT CNTY HOUSING AUTH +@ M/F Housing RB (Post Court) Series 1998 2.29%, 04/07/05 5,000 5,000 HAPEVILLE DEVELOPMENT AUTH +@ IDRB (Hapeville Hotel) Series 1985 2.24%, 04/01/05 7,300 7,300 HART CNTY +@ Refunding RB & IDRB (Dundee Mills) Series 1994 2.34%, 04/07/05 2,115 2,115 HOUSTON CNTY DEVELOPMENT AUTH +@ IDRB (Douglas Asphalt Co) Series 2000 2.34%, 04/07/05 1,800 1,800
6 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) JEFFERSON CNTY DEVELOPMENT AUTH +@ IDRB (Grove River Mills) Series 1997 2.39%, 04/07/05 1,800 1,800 LAURENS CNTY DEVELOPMENT AUTH +@ Solid Waste Disposal RB (Southeast Paper Mnfg Co) Series 1993 2.34%, 04/07/05 25,000 25,000 +@ Solid Waste Disposal RB (Southeast Paper Mnfg Co) Series 1997 2.34%, 04/07/05 26,000 26,000 LAWRENCEVILLE HOUSING AUTH +@ M/F Housing RB (Chatham Club Apts) Series 2002 2.36%, 04/07/05 7,700 7,700 LOWNDES CNTY DEVELOPMENT AUTH +@ M/F Housing RB (FMPH Valdosta) Series 1999 2.34%, 04/07/05 4,735 4,735 MACON-BIBB CNTY HOSPITAL AUTH +@ Revenue Anticipation Certificates (Medical Center of Central Georgia) Series 1998 2.29%, 04/07/05 4,000 4,000 METROPOLITAN ATLANTA RAPID TRANSIT AUTH Sales Tax Revenue CP BAN (Third Indenture) Series 2004A + 1.95%, 04/06/05 5,000 5,000 + 2.06%, 05/04/05 2,500 2,500 + Sales Tax Revenue CP BAN (Third Indenture) Series 2004B 2.03%, 05/05/05 9,500 9,500 MILLER CNTY DEVELOPMENT AUTH +@ IDRB (Birdsong Corp) Series 2000 2.34%, 04/07/05 2,600 2,600 MUNICIPAL GAS AUTH OF GEORGIA +@ Gas RB (Gas Portfolio III) Series B 2.32%, 04/07/05 54,900 54,900 SAVANNAH ECONOMIC DEVELOPMENT AUTH +@ Exempt Facility RB (Georgia Kaolin Terminal) Series 1997 2.35%, 04/07/05 11,000 11,000 +@ Exempt Facility RB (Home Depot) Series 1995B 2.33%, 04/07/05 5,000 5,000 +@ First Mortgage RB (Marshes of Skidaway Island) Series 2003C 2.32%, 04/07/05 15,000 15,000 SAVANNAH HOUSING AUTH +@ M/F Housing RB (Indigo Pointe Apts) Series 2001A-1 2.34%, 04/07/05 3,500 3,500 +@ M/F Housing RB (Live Oak Plantation Apts) Series 2001A-1 2.34%, 04/07/05 2,500 2,500 SUMMERVILLE DEVELOPMENT AUTH +@ Exempt Facility RB (Image Industries) Series 1997 2.35%, 04/07/05 11,000 11,000 THOMASVILLE HOSPITAL AUTH +@ Revenue Anticipation Certificates (John D. Archbold Memorial Hospital) Series 2003 2.29%, 04/07/05 5,900 5,900 WALTON CNTY DEVELOPMENT AUTH +@ RB (Tucker Door & Trim Corp) Series 2000 2.44%, 04/07/05 2,600 2,600 WEBSTER CNTY IDA +@ IDRB (Tolleson Lumber Co) Series 1999 2.34%, 04/07/05 4,000 4,000 WHITFIELD CNTY DEVELOPMENT AUTH +@ RB (Product Concepts Residential) Series 2001 2.34%, 04/07/05 480 480 WINDER-BARROW INDUSTRIAL BUILDING AUTH +@ IDRB (Progress Container Corp) Series 2000 2.34%, 04/07/05 2,405 2,405 WORTH CNTY +@ Refunding IDRB (Seabrook Peanut Co) Series 1996B 2.34%, 04/07/05 1,300 1,300 ----------- 654,910 HAWAII 0.6% HAWAII +~@o GO Bonds Series 2002CZ 2.32%, 04/07/05 5,900 5,900 +~@o Special Purpose Refunding RB (Hawaiian Electric Co) Series 2000 2.37%, 04/07/05 9,095 9,095 HAWAII AIRPORTS SYSTEM +~@o Airport System Refunding RB Series 2000B 2.37%, 04/07/05 2,215 2,215 HAWAII HOUSING FINANCE & DEVELOPMENT CORP. ~@o S/F Mortgage Purchase RB 2.43%, 04/07/05 3,080 3,080 HONOLULU CITY & CNTY +~@o GO Bonds Series 2003A 2.00%, 06/08/05 43,000 43,000 + GO CP Notes 2.32%, 04/07/05 14,995 14,995 ----------- 78,285 IDAHO 0.7% CUSTER CNTY @ Pollution Control RB (Amoco) Series 1983 1.55%, 04/01/05 13,000 13,000 IDAHO TAN Series 2004 1.58%, 06/30/05 50,000 50,172 1.59%, 06/30/05 25,000 25,086 IDAHO HFA +@ Housing RB (Assisted Living Concepts) Series 1997 2.35%, 04/07/05 2,990 2,990
7 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) IDAHO STATE UNIVERSITY FOUNDATION +@ RB Series 2001 (LE &Thelma E. Stephens Performing Arts Center) Series 2001 2.28%, 04/07/05 3,955 3,955 ----------- 95,203 ILLINOIS 7.2% AURORA +@ M/F Housing Refunding RB (Apts of Fox Valley Villages) Series 1999A 2.30%, 04/07/05 9,445 9,445 BARTLETT +@ Special Service Area #1 Unlimited Ad Valorem Tax Bonds Series 2004 2.30%, 04/07/05 16,600 16,600 CAROL STREAM +@ M/F Housing Refunding RB (St. Charles Square) Series 1997 2.40%, 04/07/05 4,415 4,415 CHICAGO ~@o Collateralized S/F Mortgage RB Series 1999A 2.43%, 04/07/05 2,590 2,590 +~@o GO Bonds Project Series 2003C 2.32%, 04/07/05 5,000 5,000 +~@ GO Bonds Series 2002B 2.29%, 04/07/05 20,000 20,000 +~@ GO Refunding Bonds Series 2003B-1 2.25%, 04/07/05 26,100 26,100 +@ M/F Housing RB (Central Station Senior Housing) Series 2004 2.33%, 04/07/05 9,500 9,500 +@ M/F Housing RB (Central Station) Series 2004A 2.33%, 04/07/05 25,170 25,170 +~@o Midway Airport RB Series 1998C 2.32%, 04/07/05 24,480 24,480 +@ RB (Homestart Program) Series 2000A 2.38%, 04/07/05 2,890 2,890 +@ Second Lien Water RB Series 2000 2.27%, 04/07/05 13,915 13,915 +~@ Second Lien Water Refunding RB Series 2004 2.28%, 04/07/05 7,560 7,560 ~@o Senior Lien Water RB Series 2000 2.32%, 04/07/05 12,975 12,975 CHICAGO BOARD OF EDUCATION +~@o Unlimited Tax GO Bonds Series 1997 2.32%, 04/07/05 7,120 7,120 CHICAGO O'HARE INTERNATIONAL AIRPORT +@ General Airport Second Lien RB Series 1988B 2.30%, 04/07/05 12,300 12,300 +@ General Airport Second Lien RB Series 1994B 2.34%, 04/07/05 41,484 41,484 +~@o General Airport Third Lien Refunding RB Series 2003A-2 2.36%, 04/07/05 5,295 5,295 +~@o General Airport Third Lien Refunding RB Series 2003B-2 2.35%, 04/07/05 10,800 10,800 Second Lien Passenger Facility Charge RB Series 2001A +~@o 2.37%, 04/07/05 6,315 6,315 +~@o 2.40%, 04/07/05 11,070 11,070 +@ Special Facilities RB (O'Hare Tech Center II) Series 2002 2.37%, 04/07/05 15,500 15,500 +@ Special Facility Refunding RB (Lufthansa German Airlines) Series 2001 2.33%, 04/07/05 43,770 43,770 CHICAGO PARK DISTRICT Corporate Purpose Tax Anticipation Warrants Series 2004A 1.55%, 05/01/05 16,000 16,019 COOK CNTY +@ RB (Catholic Theological Union) Series 2005 2.30%, 04/07/05 4,000 4,000 DUPAGE CNTY +@ RB (Morton Arboretum) Series 2003 2.30%, 04/07/05 10,000 10,000 EAST DUNDEE, KANE & COOK COUNTIES +@ IDRB (Otto Engineering) Series 1998 2.39%, 04/07/05 1,685 1,685 ELMHURST +@ IDRB (Elm Machining Corp) Series 1997 2.45%, 04/07/05 1,670 1,670 HAMPSHIRE +@ IDRB (Poli-Film America) Series 1998A 2.37%, 04/07/05 2,500 2,500 ILLINOIS +~@o Civic Center Bonds Series 1991 2.38%, 04/07/05 2,940 2,940 GO Bonds Illinois First Series 2000 +~@o 2.32%, 04/07/05 14,000 14,000 +~@o 2.33%, 04/07/05 5,000 5,000 +~@o GO Bonds Illinois First Series 2002 2.32%, 04/07/05 14,125 14,125 ~@o GO Bonds Series A of March 2004 2.30%, 04/07/05 6,675 6,675 ILLINOIS DEVELOPMENT FINANCE AUTH +@ Economic Development RB (Korex Corp) Series 1990 2.35%, 04/07/05 4,000 4,000 +~@o Gas Supply Refunding RB (People's Gas) Series 2003E 2.41%, 04/07/05 14,995 14,995 +@ IDRB (Arc-Tronics) Series 1999 2.35%, 04/07/05 1,990 1,990 +@ IDRB (Camcraft Inc) Series 1993 2.50%, 04/07/05 2,000 2,000 +@ IDRB (Plano Molding Co) Series 1990 2.45%, 04/07/05 4,300 4,300 +@ IDRB (Radiological Society of North America) Series 1997 2.30%, 04/07/05 3,480 3,480
8 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ IDRB (Rich Graphics Corp) Series 1996 2.45%, 04/07/05 2,080 2,080 +@ Qualified Residential Rental Bonds (River Oaks) Series 1989 2.33%, 04/07/05 32,000 32,000 +@ RB (American College of Surgeons) Series 1996 3.00%, 04/01/05 13,100 13,100 +@ RB (Aurora Central Catholic High School) Series 1994 2.55%, 04/07/05 1,000 1,000 +@ RB (Carmel High School) Series 2003 2.30%, 04/07/05 6,200 6,200 +@ RB (Catholic Charities Housing Development Corp) Series 1993A 2.45%, 04/07/05 9,160 9,160 +@ RB (Catholic Charities Housing Development Corp) Series 1993B 2.45%, 04/07/05 910 910 +@ RB (Chicago Academy of Sciences) Series 1997 2.30%, 04/07/05 2,615 2,615 +@ RB (Chicago Academy of Sciences) Series 1998 2.30%, 04/07/05 5,700 5,700 +@ RB (Chicago Horticultural Society) Series 1999 2.30%, 04/07/05 20,000 20,000 +@ RB (Francis W. Parker School) Series 1999 2.26%, 04/07/05 2,500 2,500 +@ RB (Illinois Institute of Technology) Series 2004 2.30%, 04/07/05 2,500 2,500 +@ RB (Lake Forest Academy) Series 1994 2.30%, 04/07/05 4,000 4,000 +@ RB (Loyola Academy) Series 2001 2.30%, 04/07/05 10,000 10,000 +@ RB (McCormick Theological Seminary) Series 2001B 2.30%, 04/07/05 20,435 20,435 +@ RB (Perspectives Charter School) Series 2003 2.30%, 04/07/05 5,500 5,500 +~@ RB (Presbyterian Home Lake Forest Place) Series 1996A 2.30%, 04/07/05 54,050 54,050 +@ RB (Presbyterian Homes Two Arbor Lane) Series 2001 2.30%, 04/07/05 9,000 9,000 +@ RB (Richard H. Driehaus Museum) Series 2005 2.30%, 04/07/05 3,200 3,200 +@ RB (Sacred Heart Schools) Series 2003 2.30%, 04/07/05 7,100 7,100 +@ RB (Slovak American Charitable Assn) Series 2000 2.30%, 04/07/05 7,720 7,720 +@ RB (St. Ignatius College Prep) Series 2002 2.30%, 04/07/05 2,800 2,800 +@ RB (St. Ignatius College) Series 1994 2.30%, 04/07/05 12,000 12,000 +@ RB (Wheaton Academy) Series 1998 2.30%, 04/07/05 9,000 9,000 +@ Residential Rental RB (FC Harris Pavilion) Series 1994 2.28%, 04/07/05 7,200 7,200 +~@ Water Facilities Refunding RB (Illinois-American Water Co) Series 2002 2.35%, 04/07/05 5,000 5,000 ILLINOIS EDUCATION FACILITY AUTH +@ RB (Chicago Historical Society) Series 1989 2.30%, 04/07/05 7,600 7,600 +~@o RB (Shedd Aquarium) Series 1997 2.35%, 04/07/05 2,000 2,000 ILLINOIS HEALTH FACILITIES AUTH +@ RB (Bensenville Home Society) Series 1989A 2.32%, 04/07/05 1,975 1,975 +~@o RB (Ingalls Health System) Series 1994 2.30%, 04/07/05 17,810 17,810 +@ RB (Villa St. Benedict) Series 2003B 2.36%, 04/07/05 10,250 10,250 +@ RB (Washington & Jane Smith Home) Series 1991 2.35%, 04/07/05 2,800 2,800 ILLINOIS HOUSING DEVELOPMENT AUTH @ Homeowner Mortgage RB Series 2004B2 1.04%, 04/01/05 14,000 14,000 @ Homeowner Mortgage RB Series 2004D 1.68%, 07/27/05 15,000 15,000 +@ M/F Mortgage Refunding RB (Hyde Park Tower Apts) Series 2000A 2.35%, 04/07/05 4,500 4,500 ILLINOIS STUDENT ASSISTANCE COMM +@ Student Loan RB Series 1996A 2.32%, 04/07/05 1,200 1,200 LOMBARD +@ Refunding IDRB (B&H Partnership) Series 1995 2.68%, 04/07/05 1,850 1,850 METROPOLITAN PIER & EXPOSITION AUTH +~@o McCormick Place Expansion Refunding Bonds Series 1998A 2.32%, 04/07/05 14,355 14,355 +~@o McCormick Place Expansion Refunding Bonds Series 1999A-C 2.32%, 04/07/05 9,790 9,790 +~@o McCormick Place Expansion Refunding Bonds Series 2002B 2.35%, 04/07/05 18,490 18,490 METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO ~@ GO Refunding Bonds Unlimited Tax Series 2002A 2.29%, 04/07/05 800 800 MONTGOMERY SPECIAL SERVICE AREA #10 +@ Special Tax Bonds (Blackberry Crossing Wes) Series 2004 2.30%, 04/07/05 20,000 20,000 OAK FOREST +@ RB (Homewood) Series 1989 2.17%, 04/07/05 10,000 10,000
9 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) PALATINE +@ Special Facility Limited Obligation RB (Little City for Community Development) Series 1998 2.30%, 04/07/05 4,000 4,000 REGIONAL TRANSPORTATION AUTH +~@o GO Refunding Bonds Series 1999 2.32%, 04/07/05 21,785 21,785 ROCKFORD +@ IDRB (Ring Can Corp) Series 1998 2.34%, 04/07/05 940 940 +@ IDRB (Rockford Industrial Welding Supply) Series 1996 2.45%, 04/07/05 2,000 2,000 SOUTHWESTERN ILLINOIS DEVELOPMENT AUTH +@ Refunding IDRB (Holten Meat) Series 2004 2.35%, 04/07/05 6,860 6,860 UNIVERSITY OF ILLINOIS +~@o Auxiliary Facilities RB Series 1999A 2.35%, 04/07/05 3,500 3,500 WHEELING +@ M/F Housing Refunding RB (Woodland Creek Apts II) Series 2002 2.35%, 04/07/05 17,655 17,655 WILL-KANKAKEE REGIONAL DEVELOPMENT AUTH +@ IDRB Series 2002 (Toltec Steel Services) Series 2002 2.41%, 04/07/05 7,170 7,170 WOODRIDGE +~@ M/F Housing Refunding RB (Hinsdale Lake Terrace Apts) Series 1990 2.20%, 04/01/05 20,760 20,760 YORKVILLE +@ IDRB (FE Wheaton & Co) Series 1996 2.45%, 04/07/05 950 950 ----------- 936,483 INDIANA 1.5% ELKHART CNTY +@ Economic Development RB (West Plains Apts) Series 1998A 2.35%, 04/07/05 1,850 1,850 INDIANA DEVELOPMENT FINANCE AUTH +@ Environmental RB (PSI Energy) Series 2004A 2.35%, 04/07/05 22,000 22,000 +@ IDRB (Big Sky Park) Series 1999 2.37%, 04/07/05 5,000 5,000 +@ IDRB (Cives Corp) Series 1998 2.34%, 04/07/05 7,150 7,150 INDIANA EDUCATIONAL FACILITIES AUTH +@ Educational Facilities RB (St. Joseph's College) Series 2004 2.30%, 04/07/05 12,000 12,000 INDIANA HEALTH FACILITIES FINANCING AUTH +~@ Insured RB Series 1985A 2.30%, 04/07/05 1,425 1,425 RB (Ascension Health Credit Group) Series 2001A-2 1.73%, 07/05/05 9,000 9,000 INDIANA HFA ~@o S/F Mortgage RB Series 1998D-2 2.43%, 04/07/05 9,995 9,995 ~@o S/F Mortgage RB Series 2000B-2 2.45%, 04/07/05 5,265 5,265 @ S/F Mortgage RB Series 2004D-2 2.30%, 12/15/05 60,650 60,650 INDIANAPOLIS +@ M/F Housing RB (Nora Pines Apts) Series 2001 2.35%, 04/07/05 5,500 5,500 +~@o Thermal Energy System RB Series 2001A 2.32%, 04/07/05 9,900 9,900 INDIANAPOLIS AIRPORT AUTH + Subordinate TECP Notes 2.20%, 05/12/05 10,000 10,000 MARION +@ Economic Development RB (Indiana Wesleyan Univ) Series 2000 2.30%, 04/07/05 7,500 7,500 ST. JOSEPH CNTY +@ Economic Development RB (Corby Apts) Series 1997B 2.40%, 04/07/05 3,430 3,430 +@ Economic Development RB (Pin Oaks Apts) Series 1997A 2.40%, 04/07/05 1,000 1,000 +@ Economic Development RB (Western Manor Apts) Series 1997C 2.40%, 04/07/05 2,130 2,130 UNIVERSITY OF SOUTHERN INDIANA +~@ Auxiliary System RB Series 2001B 2.28%, 04/07/05 10,400 10,400 VIGO CNTY +@ Economic Development RB (Sisters of Providence) Series 2001 2.30%, 04/07/05 3,500 3,500 VINCENNES UNIVERSITY +@ Student Fee Bonds Series G 2.30%, 04/07/05 5,730 5,730 ----------- 193,425 IOWA 0.8% IOWA TRAN Series 2004 1.83%, 06/30/05 34,000 34,098 IOWA FINANCE AUTH +@ Retirement Community RB (Western Home Communities) Series 2004 2.35%, 04/07/05 1,100 1,100 IOWA HIGHER EDUCATION LOAN AUTH +@ Private College Facility RB (Graceland Univ) Series 2003 2.35%, 04/07/05 2,000 2,000
10 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) IOWA SCHOOL CORPORATIONS + Cash Anticipation Program Warrant Certificates Series 2004-2005B 2.28%, 01/27/06 22,080 22,297 IOWA STUDENT LOAN LIQUIDITY CORP. +~@ Student Loan RB Series 1988B 2.33%, 04/07/05 46,500 46,500 ----------- 105,995 KANSAS 0.5% KANSAS DEPT OF TRANSPORTATION ~@o Highway RB Series 1999 2.32%, 04/07/05 37,500 37,500 KANSAS DEVELOPMENT FINANCE AUTH +@ M/F Housing RB (Saddlewood Apts) Series 2004M 2.38%, 04/07/05 6,400 6,400 WICHITA +@ Airport Facility Refunding & Improvement RB (Flightsafety Intl) Series 1999II 2.32%, 04/07/05 26,170 26,170 ----------- 70,070 KENTUCKY 0.9% ELIZABETHTOWN +@ IDRB (ALTEC) Series 1997 2.35%, 04/07/05 3,000 3,000 JEFFERSON CNTY +@ M/F Housing Refunding RB (Camden Brookside Apts) Series 2002 2.33%, 04/07/05 8,900 8,900 +@ Sports Stadium RB (Univ of Louisville Athletic Assn) Series 1997 2.40%, 04/07/05 3,000 3,000 KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP. +~@ Insured Student Loan RB Series 1991E 2.28%, 04/07/05 12,600 12,600 +~@ Insured Student Loan RB Series 1996A 2.28%, 04/07/05 23,850 23,850 KENTUCKY HOUSING CORP. ~@o Housing RB Series 1998F 2.43%, 04/07/05 19,320 19,320 ~@o Housing RB Series 2002A 2.40%, 04/07/05 4,830 4,830 KENTUCKY STATE PROPERTY & BUILDINGS COMM +~@o Refunding RB Project No. 84 2.32%, 04/07/05 11,350 11,350 LOUISVILLE & JEFFERSON CNTY METROPOLITAN SEWER DISTRICT +~@o Sewage & Drainage System RB Series 1999A 2.32%, 04/07/05 6,115 6,115 LOUISVILLE & JEFFERSON CNTY VISITORS & CONVENTION COMM +~@ Dedicated Tax Refunding RB (Kentucky International Convention Center Expansion) Series 2004B 2.30%, 04/07/05 15,175 15,175 RICHMOND +@ IDRB (Mikron) Series 1995 2.35%, 04/07/05 7,175 7,175 WICKLIFFE +@ Pollution Control & Solid Waste Disp.Refunding RB (Westvaco Corp. Project) Series 2001 2.29%, 04/07/05 4,250 4,250 ----------- 119,565 LOUISIANA 1.5% CALCASIEU PARISH IDB +@ Refunding IDRB (Weingarten Realty Investors) Series 1995 2.33%, 04/07/05 1,990 1,990 ERNEST N. MORIAL - NEW ORLEANS EXHIBIT HALL AUTH +~@o Sr Subordinate Special Tax Bonds Series 2003A 2.32%, 04/07/05 4,995 4,995 LAFAYETTE PARISH IDB +@ Refunding IDRB (Westwood Village) Series 1995 2.33%, 04/07/05 3,735 3,735 LAFAYETTE PUBLIC POWER AUTH +~@o Electric Refunding RB Series 2003A&B 2.32%, 04/07/05 5,310 5,310 LAKE CHARLES HARBOR & TERMINAL DISTRICT +@ Dock & Wharf RB (Conoco Inc) Series 2000 2.32%, 04/07/05 10,500 10,500 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT AUTH +@ RB (Univ of Louisiana-Monroe) Series 2004C 2.30%, 04/07/05 12,515 12,515 +@ RB (University of Louisiana Monroe Facilities) Series 2004A 2.30%, 04/07/05 8,000 8,000 LOUISIANA OFFSHORE TERMINAL AUTH +@ Deepwater Port Refunding RB First State Series 1992A 2.29%, 04/07/05 10,000 10,000 +@ Deepwater Port Refunding RB Series 2003B 2.30%, 04/07/05 5,700 5,700 LOUISIANA PUBLIC FACILITY AUTH +~@ Lease Purchase RB Series 2003 2.33%, 04/07/05 20,000 20,000 +@ RB (Tiger Athletic Foundation) Series 2004 2.40%, 04/07/05 18,800 18,800 NEW ORLEANS AVIATION BOARD +~@ Refunding Bonds Series 1993B 2.31%, 04/07/05 4,860 4,860 PARISH OF EAST BATON ROUGE IDB +@ Solid Waste Disposal RB (Georgia-Pacific Corp) Series 2004 2.34%, 04/07/05 7,100 7,100
11 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) ST. JAMES PARISH Pollution Control Refunding RB (Texaco) Series 1988A 2.10%, 05/12/05 44,030 44,030 Pollution Control Refunding RB (Texaco) Series 1988B 2.10%, 05/12/05 44,030 44,030 ----------- 201,565 MAINE 0.5% MAINE GO TAN 1.59%, 06/30/05 52,000 52,178 MAINE FINANCE AUTH +@ RB (Jackson Laboratory) Series 2002 2.33%, 04/07/05 5,800 5,800 MAINE HOUSING AUTH ~@o Mortgage Purchase Bonds Series 2002F-2 2.36%, 04/07/05 4,585 4,585 ----------- 62,563 MARYLAND 1.2% ANNE ARUNDEL CNTY ~ TECP GO BAN Series A 2.32%, 04/06/05 5,000 5,000 BALTIMORE CNTY Consolidated Public Improvement TECP Series 2002 ~ 2.00%, 05/05/05 30,000 30,000 ~ 2.07%, 05/05/05 5,000 5,000 HOWARD CNTY +@ M/F Housing Refunding RB (Sherwood Crossing Apts) Series 2003 2.28%, 04/07/05 10,000 10,000 MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION ~@o S/F Program Bonds 1999 Third Series 2.43%, 04/07/05 32,335 32,335 MARYLAND ENERGY FINANCING ADMINISTRATION +@ Limited Obligation Local District Cooling Facilities RB (Comfort Link) Series 2001 2.34%, 04/07/05 10,000 10,000 MARYLAND STATE ECONOMIC DEVELOPMENT CORP. +@ IDRB (Dixon Valve & Coupling Co) Series 1998 2.39%, 04/07/05 1,390 1,390 UNIVERSITY SYSTEM OF MARYLAND ~@o Auxiliary Facility & Tuition RB Series 2005A 2.30%, 04/07/05 60,000 60,000 ----------- 153,725 MASSACHUSETTS 3.7% COHASSET BAN 1.57%, 08/12/05 25,164 25,275 CONCORD Unlimited Tax School BAN 1.63%, 09/29/05 15,200 15,302 DIGHTON-REHOBOTH REGIONAL SD BAN Series R-1 1.64%, 06/03/05 17,500 17,540 EASTON BAN 1.60%, 06/10/05 19,094 19,135 FOXBOROUGH BAN 1.63%, 06/16/05 21,235 21,284 HAVERHILL + BAN 1.20%, 04/01/05 3,000 3,000 HUDSON BAN 1.27%, 05/13/05 25,419 25,469 LAWRENCE School BAN 2.28%, 12/22/05 12,000 12,083 MARION BAN 1.68%, 07/15/05 2,000 2,007 MARLBOROUGH BAN 1.60%, 06/16/05 11,359 11,392 MASSACHUSETTS ~@o GO Bonds Consolidated Loan Series 2000C 2.14%, 04/07/05 5,000 5,000 +~@o GO Bonds Consolidated Loan Series 2001D 2.31%, 04/07/05 2,785 2,785 ~@o GO Bonds Consolidated Loan Series 2004A 2.31%, 04/07/05 4,995 4,995 +~@o GO Bonds Consolidated Loan Series 2005A 2.15%, 04/07/05 5,000 5,000 ~@ GO Refunding Bonds Series 2001B 2.30%, 04/07/05 3,000 3,000 ~@ GO Refunding Bonds Series 2001C 2.30%, 04/07/05 6,200 6,200 ~@ GO Refunding Bonds Series 2005A 2.31%, 04/07/05 10,000 10,000 MASSACHUSETTS BAY TRANSIT AUTH +~@o General Transportation System Bonds Series 1999A 2.30%, 04/07/05 9,000 9,000 MASSACHUSETTS BAY TRANSPORTATION AUTH ~@o Sr Sales Tax Bonds Series 2005A 1.20%, 04/07/05 22,810 22,810 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY +~@ Education RB (Dexter School) Series 2000 2.28%, 04/07/05 10,400 10,400 +@ RB (Assumption College) Series 2002A 2.28%, 04/07/05 6,360 6,360 +@ RB (Brandon Residential Treatment Center) Series 2003 2.28%, 04/07/05 2,290 2,290
12 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ RB (FIBA Technologies) Series 2003 2.36%, 04/07/05 2,200 2,200 +@ RB (Third Sector New England) Series 2004A 2.28%, 04/07/05 5,500 5,500 +~@ RB (Wentworth Institute of Technology) Series 2000 2.28%, 04/07/05 6,585 6,585 +@ RB (Worcester Academy) Series 2000 2.31%, 04/01/05 3,000 3,000 +@ RB (YMCA of Greater Boston) Series 2004A 2.30%, 04/07/05 5,800 5,800 MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTH +~@o RB (Baystate Medical Ctr) Series D 2.31%, 04/07/05 13,300 13,300 +@ RB (Boston Home) Series 2002B 2.28%, 04/07/05 2,500 2,500 ~@o RB (MIT) Series K 2.31%, 04/07/05 6,710 6,710 +@ RB (Sherrill House) Series A-1 2.28%, 04/07/05 6,100 6,100 @ RB (Williams College) Series I 1.05%, 04/01/05 15,000 15,000 +~@o RB (Winchester Hospital) Series D 2.32%, 04/07/05 3,000 3,000 MASSACHUSETTS HFA +~@ Housing Bonds Series 2003F 2.25%, 04/07/05 1,500 1,500 MASSACHUSETTS IFA +@ RB (New England College of Optometry) Series 1997 2.31%, 04/07/05 5,600 5,600 +@ RB (Williston Northampton School) Series B 2.28%, 04/07/05 1,800 1,800 MASSACHUSETTS TURNPIKE AUTH +~@o Metropolitan Highway System Subordinate RB Series 1999A 2.28%, 04/07/05 7,110 7,110 MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST ~@o Water Pollution Abatement RB Subordinate Series 1999A 2.34%, 04/07/05 1,500 1,500 MASSACHUSETTS WATER RESOURCES AUTH TECP Series 1994 + 2.03%, 05/11/05 7,500 7,500 + 2.05%, 05/11/05 16,000 16,000 MENDON-UPTON REGIONAL SD BAN 2004 1.24%, 04/28/05 29,500 29,538 NASHOBA VALLEY TECHNICAL HIGH SD BAN 1.48%, 08/12/05 7,441 7,482 NATICK BAN 1.09%, 04/29/05 12,900 12,909 RALPH C. MAHAR REGIONAL SD BAN 1.69%, 07/14/05 20,000 20,073 SILVER LAKE REGIONAL SD GO BAN 1.61%, 08/26/05 20,000 20,111 SOMERVILLE GO BAN 1.44%, 08/19/05 3,162 3,178 SPRINGFIELD GO State Qualified BAN 1.75%, 06/17/05 7,500 7,520 WILLIAMSTOWN Unlimited Tax BAN 1.37%, 05/05/05 6,900 6,910 WOBURN BAN 1.19%, 04/08/05 22,000 22,002 ----------- 480,755 MICHIGAN 4.7% ALLEN PARK PUBLIC SCHOOLS ~@o Unlimited Tax School Building Bonds Series 2003 2.32%, 04/07/05 10,760 10,760 ANN ARBOR ECONOMIC DEVELOPMENT CORP. +@ Limited Obligation RB (Glacier Hills) Series 2000A 2.33%, 04/07/05 22,100 22,100 +@ Limited Obligation Refunding RB (Glacier Hills) Series 2000B 2.33%, 04/07/05 8,685 8,685 DETROIT +~@o Sewage Disposal System RB Series 1999A 2.32%, 04/07/05 34,650 34,650 +~@o Sewage Disposal System Second Lien RB Series 2001B 2.36%, 04/07/05 4,260 4,260 +~@ Water Supply System Refunding Second Lien RB Series 2004-A 2.30%, 04/07/05 27,010 27,010 +~@ Water Supply System Refunding Second Lien RB Series 2004-B 2.30%, 04/07/05 90,390 90,390 +~@ Water Supply System Senior Lien RB Series 2005B 2.27%, 04/07/05 50,000 50,000 DETROIT CITY SD +~@o School Building & Site Improvement Bonds Series 2001A 2.36%, 04/07/05 4,620 4,620 GEORGETOWN ECONOMIC DEVELOPMENT CORP. +@ Limited Obligation RB (Sunset Manor) Series 2000 2.28%, 04/07/05 8,860 8,860 GRAND RAPIDS ECONOMIC DEVELOPMENT CORP. +@ Refunding RB (Amway Hotel Corp) Series 1991A 2.37%, 04/07/05 8,755 8,755 JACKSON CNTY HOSPITAL FINANCE AUTH +@ Hospital Refunding RB (W.A. Foote Memorial Hospital) Series 2005B 2.30%, 04/07/05 10,000 10,000
13 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MACOMB CNTY HOSPITAL FINANCE AUTH +@ Hospital Refunding RB (Mt Clemens General Hospital) Series 2003A-2 2.45%, 04/01/05 9,300 9,300 MICHIGAN BUILDING AUTH + TECP Series 4 1.95%, 04/27/05 50,000 50,000 MICHIGAN HIGHER EDUCATION FACILITIES AUTH +@ Limited Obligation Refunding RB (Hope College) Series 2004 2.31%, 04/07/05 4,000 4,000 MICHIGAN HOSPITAL FINANCING AUTH ~@o Hospital RB (Ascension Health) Subordinate Obligations Series A 2.31%, 04/07/05 16,000 16,000 +@ Hospital Refunding & RB (Crittenton Hospital Medical Center) Series 2003A 2.30%, 04/01/05 7,900 7,900 MICHIGAN HOUSING DEVELOPMENT AUTH +~@o S/F Mortgage RB Series 2001A 2.36%, 04/07/05 3,630 3,630 MICHIGAN JOB DEVELOPMENT AUTH +@ Limited Obligation RB (Frankenmuth Bavarian Inn Motor Lodge) Series 1985 2.15%, 04/30/05 7,100 7,100 MICHIGAN MUNICIPAL BOND AUTH +~@o Revenue Notes Series 2004B-2 2.31%, 04/07/05 32,550 32,550 MICHIGAN STRATEGIC FUND +@ Limited Obligation RB (Advance Plastics Corp) Series 1996 2.43%, 04/07/05 1,530 1,530 +@ Limited Obligation RB (American Cancer Society) Series 2000 2.33%, 04/07/05 4,210 4,210 +@ Limited Obligation RB (EPI Printers) Series 1997 2.43%, 04/07/05 720 720 +@ Limited Obligation RB (Mans) Series 1991 2.44%, 04/07/05 420 420 +@ Limited Obligation RB (Mans) Series 1998B 2.43%, 04/07/05 935 935 +@ Limited Obligation RB (Mechanics Uniform Rental Co) Series 1995 2.43%, 04/07/05 1,000 1,000 +@ Limited Obligation RB (United Machining) Series 1998 2.43%, 04/07/05 4,000 4,000 +~@o Limited Obligation Refunding RB (Detroit Edison Co) Series 2003A 2.36%, 04/07/05 5,995 5,995 MICHIGAN TRUNK LINE FUND +~@o State Trunk Line Fund Refunding Bonds Series 1998A 2.32%, 04/07/05 46,666 46,666 OAKLAND CNTY +@ Limited Obligation RB (Husky Envelope Products) Series 1999 2.43%, 04/07/05 2,100 2,100 +@ Limited Obligation RB (Pontiac Vision 2000 Schools) Series 2000 2.33%, 04/07/05 8,800 8,800 WAYNE CNTY +~@ Airport RB (Detroit Metropolitan Wayne Cnty Airport) Junior Lien Series 2001 2.30%, 04/07/05 68,075 68,075 +~@ Airport RB (Detroit Metropolitan Wayne Cnty Airport) Series 2002A 2.33%, 04/07/05 29,770 29,770 +~@ Airport Refunding RB (Detroit Metropolitan Wayne County Airport) Series 1996B 2.33%, 04/07/05 24,940 24,940 ----------- 609,731 MINNESOTA 1.8% ANDOVER +@ Senior Housing Refunding RB (Presbyterian Homes) Series 2003 2.30%, 04/07/05 6,500 6,500 BLOOMINGTON PORT AUTH +~@ Special Tax Refunding RB (Mall of America) Series 1999B 2.35%, 04/07/05 21,700 21,700 BURNSVILLE +@ M/F Housing Refunding RB (Southwind Apts) Series 2004 2.30%, 04/07/05 8,350 8,350 COHASSET +@ Refunding RB (Minnesota Power & Light Co) Series 1997A 2.29%, 04/01/05 700 700 EDEN PRAIRIE +@ M/F Housing RB (Eden Prairie Leased Housing Associates I) Series 2003A 2.22%, 04/07/05 6,000 6,000 HENNEPIN CNTY @ GO Refunding Bonds Series 1996C 2.40%, 04/07/05 1,350 1,350 HENNEPIN CNTY HOUSING & REDEVELOPMENT AUTH +@ M/F Housing Refunding RB (Stone Arch Apts) Series 2002 2.35%, 04/07/05 2,800 2,800 MENDOTA HEIGHTS +@ Refunding IDRB (Dakota Business Plaza) Series 2000 2.53%, 04/07/05 2,300 2,300 MINNEAPOLIS +@ RB (Guthrie Theater) Series 2003A 2.28%, 04/07/05 18,000 18,000 MINNEAPOLIS-ST. PAUL METROPOLITAN AIRPORTS COMM +~@o Airport RB Series 2000B 2.37%, 04/07/05 5,225 5,225 + Subordinate Revenue TECP Series B 2.08%, 05/16/05 17,500 17,500
14 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MINNESOTA Tax & Aid Anticipation Borrowing Program COP Series 2004 3.00%, 09/02/05 73,915 74,365 MINNESOTA AGRICULTURAL & ECONOMIC DEVELOPMENT BOARD +@ RB (Evangelical Lutheran Good Samaritan Society) Series 1996 2.35%, 04/07/05 7,400 7,400 MINNESOTA HFA ~@ Residential Housing Finance Bonds Series 2004G 2.35%, 04/07/05 12,000 12,000 MINNESOTA HIGHER EDUCATION FACILITIES AUTH +@ RB (Univ of St. Thomas) Series 4-O 2.31%, 04/07/05 9,700 9,700 +@ RB (Univ of St. Thomas) Series 5-I 2.31%, 04/07/05 3,800 3,800 ROCHESTER Health Care Facilities RB (Mayo Foundation) Series 1992C 2.06%, 06/07/05 20,200 20,200 Health Care Facilities RB (Mayo Foundation) Series 2000A 2.00%, 04/01/05 12,000 12,000 ST. LOUIS PARK +@ M/F Housing RB (Park) Series 2002A 2.25%, 04/07/05 3,300 3,300 ST. PAUL HOUSING & REDEVELOPMENT AUTH +@ District Heating RB Series 1999D 2.20%, 04/01/05 3,230 3,230 ----------- 236,420 MISSISSIPPI 0.3% MISSISSIPPI ~@o GO Refunding Bonds Series 2001 2.32%, 04/07/05 14,880 14,880 MISSISSIPPI BUSINESS FINANCE CORP. +@ IDRB (Electric Mills Wood Preserving) Series 1999 2.43%, 04/07/05 5,000 5,000 +@ IDRB (Omega Motion) Series 1996 2.34%, 04/07/05 4,000 4,000 +@ IDRB (VC Regional Assembly & Mnfg) Series 2003 2.34%, 04/07/05 9,210 9,210 MISSISSIPPI HOME CORP. +~@o S/F Mortgage RB Series 1997C 2.43%, 04/07/05 3,570 3,570 ----------- 36,660 MISSOURI 0.3% CLAY CNTY IDA +@ IDRB (KS Salad Real Estate) Series 1999 2.43%, 04/07/05 6,000 6,000 MISSOURI DEVELOPMENT FINANCE BOARD +@ IDRB (Milbank Mnfg Co) Series 1997 2.50%, 04/07/05 3,000 3,000 ST. CHARLES CNTY INDUSTRIAL DEVELOPMENT AUTH +@ M/F Housing Refunding RB (Time Centre Apts Phase I) Series 2004A 2.32%, 04/07/05 15,600 15,600 +@ M/F Housing Refunding RB (Time Centre Apts Phase II) Series 2004B 2.36%, 04/07/05 4,500 4,500 ST. LOUIS IDA +@ IDRB (Kessler Container) Series 1997A 2.35%, 04/07/05 1,900 1,900 WASHINGTON IDA +@ IDRB (Pauwels Transformers) Series 1995 2.58%, 04/07/05 2,800 2,800 ----------- 33,800 MONTANA 0.0% MONTANA HEALTH FACILITIES AUTH +~@ Health Care RB (Pooled Loan Program) Series 1985A 2.30%, 04/07/05 4,325 4,325 NEBRASKA 0.3% LANCASTER COUNTY HOSPITAL DISTRICT #1 +~@ Hospital RB (Bryan LGH Medical Ctr) Series 2002 2.29%, 04/01/05 10,500 10,500 NEBRASKA INVESTMENT FINANCE AUTH ~@o S/F Housing RB Series 1998G 2.43%, 04/07/05 10,735 10,735 ~@o S/F Housing RB Series 1999E 2.40%, 04/07/05 475 475 STANTON CNTY @ IDRB (Nucor Corp) Series 1996 2.34%, 04/07/05 19,300 19,300 ----------- 41,010 NEVADA 1.3% CLARK CNTY +@ Airport System Subordinate Lien RB Series 1995A-2 2.28%, 04/07/05 1,100 1,100 +@ Economic Development RB (UNLV Fndn) Series 1999 2.28%, 04/07/05 395 395 +@ IDRB (Southwest Gas Corp) Series 2003A 2.35%, 04/07/05 12,500 12,500 CLARK CNTY SD +~@o GO (Limited Tax) Building Bonds Series 2001F 2.33%, 04/07/05 21,715 21,715 +~@o GO (Limited Tax) Refunding Bonds Series 2005A 2.32%, 04/07/05 10,975 10,975 LAS VEGAS VALLEY WATER DISTRICT ~ GO (Limited Tax) Water CP Notes Series 2004A & B 2.00%, 05/18/05 9,600 9,600 NEVADA +~@o Highway Improvement (Motor Vehicle Fuel Tax) RB Series 2003 2.32%, 04/07/05 2,192 2,192
15 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) NEVADA HOUSING DIVISION +@ M/F Housing RB (Apache Pines Apts) Series 1999A 2.30%, 04/07/05 7,415 7,415 +@ M/F Housing RB (Banbridge Apts) Series 2000A 2.30%, 04/07/05 3,960 3,960 +@ M/F Housing RB (Bluffs Apts) Series 2002A 2.30%, 04/07/05 17,850 17,850 +@ M/F Housing RB (City Center) Series 2000A 2.30%, 04/07/05 7,600 7,600 +@ M/F Housing RB (Home Suites) Series 1989A 2.28%, 04/07/05 4,800 4,800 +@ M/F Housing RB (Silver Pines Apts) Series 2002A 2.28%, 04/07/05 5,500 5,500 +@ M/F Housing RB (Silver Terrace Apts) Series 2003A 2.30%, 04/07/05 5,150 5,150 +@ M/F Housing RB (St Rose Seniors Apts) Series 2002A 2.30%, 04/07/05 14,770 14,770 +@ M/F Housing RB (Sundance Village Apts) Series 2004 2.30%, 04/07/05 15,000 15,000 +@ M/F Housing Refunding RB (Oakmont) Series 2002 2.30%, 04/07/05 4,350 4,350 WASHOE CNTY +~@o GO Convention Center Refunding Bonds Series 2001A 2.33%, 04/07/05 21,000 21,000 ----------- 165,872 NEW HAMPSHIRE 0.4% NEW HAMPSHIRE BUSINESS FINANCE AUTH +@ Solid Waste Disposal RB (Lonza Biologics) Series 2003 2.37%, 04/07/05 30,000 30,000 NEW HAMPSHIRE HEALTH & EDUCATIONAL FACILITIES AUTH +~@ RB (Dartmouth-Hitchcock Obligated Group) Series 2001A 2.26%, 04/07/05 815 815 +@ RB (Easter Seals New Hampshire) Series 2004A 2.33%, 04/07/05 6,060 6,060 +@ RB (Frisbie Memorial Hospital) Series 2005 2.33%, 04/07/05 5,350 5,350 +@ RB (Riverwoods) Series 2003 2.33%, 04/07/05 3,655 3,655 NEW HAMPSHIRE HFA +~@o S/F Mortgage Acquisition RB Series 1997C 2.43%, 04/07/05 1,845 1,845 +~@o S/F Mortgage Acquisition RB Series 1998B 2.43%, 04/07/05 9,730 9,730 ----------- 57,455 NEW JERSEY 1.1% ENGLEWOOD General Improvement BAN & Special Assessment BAN 1.63%, 07/08/05 23,750 23,836 NEW JERSEY +~@o GO Refunding Bonds Series L 2.30%, 04/07/05 12,945 12,945 TRAN Series Fiscal 2005A ~@o 2.31%, 04/07/05 15,000 15,000 ~@o 1.25%, 04/23/05 25,000 25,000 NEW JERSEY ECONOMIC DEVELOPMENT AUTH +~@o School Facilities Construction Bonds Series 2004G 2.31%, 04/07/05 4,935 4,935 NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY S/F Housing RB Series 2004F 1.05%, 04/01/05 5,000 5,000 NEW JERSEY TRANSPORTATION TRUST FUND AUTH +~@o Transportation System RB Series 2004B 2.31%, 04/07/05 3,640 3,640 NEW JERSEY TURNPIKE AUTH +~@o RB Series C 2.31%, 04/07/05 2,000 2,000 +~@o Turnpike RB Series 2000A 2.31%, 04/07/05 6,100 6,100 +~@o Turnpike RB Series 2004C-2 2.31%, 04/07/05 22,490 22,490 +~@o Turnpike Revenue RB Series 2004A 2.31%, 04/07/05 10,000 10,000 WOODBRIDGE TOWNSHIP General & Sewer Utility BAN 1.65%, 07/08/05 5,481 5,501 1.67%, 07/08/05 6,519 6,542 ----------- 142,989 NEW MEXICO 1.9% FARMINGTON +@ Hospital RB (San Juan Regional Medical Center) Series 2004B 2.31%, 04/07/05 5,000 5,000 NEW MEXICO ~@o 2004-2005 TRAN 2.31%, 04/07/05 120,000 120,000 2004-2005 TRAN Series 2004A 1.90%, 06/30/05 75,000 75,263 1.92%, 06/30/05 25,000 25,066 SANTA FE +@ Gross Receipts Tax Subordinate Lien Wastewater System RB Series 1997B 2.33%, 04/07/05 16,600 16,600 ----------- 241,929 NEW YORK 5.2% DUTCHESS CNTY IDA +@ Civic Facility RB (Trinity-Pawling School Corp) Series 1998 2.26%, 04/07/05 4,300 4,300
16 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) LONG ISLAND POWER AUTH +~@o Electric System RB Series 1998A 2.30%, 04/07/05 10,970 10,970 METROPOLITAN TRANSPORTATION AUTH +~@ Dedicated Tax Fund Refunding Bonds Series 2005A 2.28%, 03/31/05 15,500 15,500 + Transportation Revenue BAN Sub-Series B 1.92%, 04/07/05 13,000 13,000 NEW YORK CITY +~@ GO Bonds Fiscal 1995 Series B-4 2.24%, 04/01/05 2,950 2,950 +~@o GO Bonds Fiscal 1998 Series D 2.32%, 04/07/05 17,825 17,825 +~@o GO Bonds Fiscal 2002 Series A 2.30%, 04/07/05 15,000 15,000 +@ GO Bonds Fiscal 2004 Series H-3 2.21%, 04/07/05 2,300 2,300 +@ GO Bonds Fiscal 2004 Series H-7 2.28%, 04/01/05 2,100 2,100 NEW YORK CITY HOUSING DEVELOPMENT CORP. +@ M/F Mortgage RB (2 Gold Street) Series 2003A 2.25%, 04/07/05 500 500 +@ M/F Mortgage RB (First Avenue) Series 2002A 2.27%, 04/07/05 16,550 16,550 +@ M/F Rental Housing RB (One Columbus Place) Series 1998A 2.28%, 04/07/05 4,000 4,000 +@ M/F Rental Housing RB (Related - Lyric Development) Series 2001A 2.27%, 04/07/05 19,300 19,300 +@ M/F Rental Housing RB (Sierra) Series 2003A 2.27%, 04/07/05 16,415 16,415 +@ M/F Rental Housing RB (West End Towers) Series 2004A 2.27%, 04/07/05 26,700 26,700 NEW YORK CITY IDA +@ Special Facility RB (Korean Air Lines) Series 1997A 2.31%, 04/07/05 16,300 16,300 NEW YORK CITY MUNICIPAL WATER FINANCE AUTH ~ TECP Notes Series 1 2.03%, 05/04/05 22,000 22,000 +~@ Water & Sewer System RB Series 1993C 2.24%, 04/01/05 7,200 7,200 +~@ Water & Sewer System RB Series 1995A 2.25%, 04/01/05 7,400 7,400 +~@o Water & Sewer System RB Series 1996B 2.30%, 04/07/05 9,995 9,995 +~@o Water & Sewer System RB Series 2002G 2.31%, 04/07/05 13,545 13,545 ~@ Water & Sewer System RB Series 2003C-3 2.28%, 04/01/05 1,360 1,360 +~@o Water & Sewer System RB Series 2005 B 2.30%, 04/07/05 5,000 5,000 NEW YORK CITY TRANSITIONAL FINANCE AUTH ~@o Future Tax Secured Bonds Fiscal 1999 Series C 2.32%, 04/07/05 14,745 14,745 ~@ Future Tax Secured Bonds Fiscal 2001 Series B 2.25%, 04/01/05 13,000 13,000 ~@o Future Tax Secured Refunding Bonds Fiscal 2003 Series A 2.31%, 04/07/05 4,640 4,640 ~@ Recovery Bonds Fiscal 2003 Series 2A 2.25%, 04/01/05 28,240 28,240 ~@ Recovery Bonds Fiscal 2003 Series 2D 2.22%, 04/07/05 3,500 3,500 ~@ Recovery Bonds Fiscal 2003 Series 3B 2.32%, 04/01/05 4,500 4,500 NEW YORK POWER AUTH ~ TECP Series 2 2.05%, 05/02/05 10,410 10,410 NEW YORK STATE + Environmental Quality 1986 GO Bonds Series 1998A 2.00%, 06/07/05 16,500 16,500 +~@o GO Bonds Fiscal 2004 Series F 2.35%, 04/07/05 50,000 50,000 NEW YORK STATE DORMITORY AUTH +~@o State University Educational Facilities RB Series 2000B 2.28%, 04/07/05 20,000 20,000 NEW YORK STATE ENERGY RESEARCH DEVELOPMENT AUTH +~@o Gas Facilities RB (Brooklyn Union Gas) Series 1996 2.30%, 04/07/05 1,570 1,570 NEW YORK STATE HFA +@ Housing RB (101 West End Ave) Series 1998A 2.31%, 04/07/05 13,200 13,200 +@ Housing RB (150 E44th St) Series 2000A 2.31%, 04/07/05 39,500 39,500 +@ Housing RB (345 E94th St) Series 1998A 2.31%, 04/07/05 565 565 +@ Housing RB (345 E94th St) Series 1999A 2.31%, 04/07/05 6,500 6,500 +@ Housing RB (350 W43rd St) Series 2002A 2.27%, 04/07/05 5,000 5,000 +@ Housing RB (350 W43rd St) Series 2004A 2.27%, 04/07/05 9,400 9,400 +@ Housing RB (Avalon Chrystie Place I) Series 2004A 2.31%, 04/07/05 17,000 17,000 +@ Housing RB (E84th St) Series 1995A 2.26%, 04/07/05 11,300 11,300 +@ Housing RB (The Helena) Series 2003A 2.26%, 04/07/05 12,200 12,200 +@ Housing RB (Union Square South) Series 1996A 2.26%, 04/07/05 14,000 14,000 +@ Housing RB (W20th St) Series 2001A 2.28%, 04/07/05 33,000 33,000 NEW YORK STATE MORTGAGE AGENCY ~@o Homeowner Mortgage RB Series 77A 2.31%, 04/07/05 10,700 10,700
17 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) ~@o Homeowner Mortgage RB Series 79 2.31%, 04/07/05 14,995 14,995 ~@o S/F Mortgage RB Series 92 2.31%, 04/07/05 3,540 3,540 NEW YORK STATE POWER AUTH ~ TECP Series 5 2.08%, 05/04/05 24,500 24,500 PITTSFORD CENTRAL SD GO BAN 2004B 1.50%, 06/29/05 12,500 12,545 1.55%, 06/29/05 7,500 7,526 SMITHTOWN CENTRAL SD 2004-2005 TAN 1.58%, 06/29/05 12,490 12,533 TRIBOROUGH BRIDGE & TUNNEL AUTH ~@o General Refunding RB Series 2002B 2.30%, 04/07/05 9,995 9,995 WESTCHESTER CNTY IDA +@ IDRB (Levister Redevelopment Co) Series 2001A 2.26%, 04/07/05 1,000 1,000 YONKERS IDA +~@ Civic Facility RB (Consumers Union) Series 1994 2.30%, 04/07/05 440 440 ----------- 676,754 NORTH CAROLINA 2.0% CHARLOTTE +~@ Airport Refunding RB Series 1997A 2.33%, 04/07/05 37,400 37,400 DURHAM HOUSING AUTH +@ M/F Housing RB (Pendleton Townhomes) Series 2001 2.34%, 04/07/05 5,490 5,490 FORSYTH CNTY +@ RB (Plymouth Printing Co) Series 1998 2.39%, 04/07/05 1,140 1,140 GATES CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH +@ IDRB (Coxe-Lewis Corp) Series 1999 2.44%, 04/07/05 913 913 GUILFORD CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH +@ IDRB (Metalcraft of Mayville SE Mnfg) Series 1997 2.35%, 04/07/05 1,300 1,300 HERTFORD CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH IDRB (Nucor Corp) Series 2000A @ 2.32%, 04/07/05 17,500 17,500 @ 2.40%, 04/07/05 26,500 26,500 JOHNSTON CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH +@ IDRB (Flanders Corp) Series 1998 2.35%, 04/07/05 4,500 4,500 NORTH CAROLINA EDUCATIONAL FACILITIES FINANCE AGENCY +@ Educational Facilities RB (High Point Univ) Series 1997 2.29%, 04/07/05 4,410 4,410 +@ Educational Facilities RB (Queens College) Series 1999B 2.29%, 04/07/05 5,520 5,520 NORTH CAROLINA HFA ~@o Home Ownership RB Series 1A 1.62%, 07/14/05 12,000 12,000 PIEDMONT TRIAD AIRPORT AUTH +~@ Airport RB Series 2004B 2.35%, 04/07/05 19,500 19,500 RALEIGH-DURHAM AIRPORT AUTH +~@o Airport RB Series 2005B 2.37%, 04/07/05 4,680 4,680 ROCKINGHAM CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH +@ IDRB (McMichael Mills) Series 1997 2.34%, 04/07/05 1,100 1,100 ROWAN CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH +@ IDRB (Taylor Clay Products) Series 1999 2.34%, 04/07/05 3,400 3,400 SAMPSON CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCE AUTH +@ IDRB (Crumpler Plastic Pipe) Series 1999 2.39%, 04/07/05 2,600 2,600 UNION CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH +@ RB (Rock-Tenn Converting Co) Series 1997 2.34%, 04/07/05 1,750 1,750 WAKE CNTY ~@ GO Public Improvement Series 2003B 2.50%, 04/01/05 28,000 28,000 ~@ GO Series 2004A 2.00%, 04/01/05 30,000 30,000 ~@ GO Series 2004B 2.00%, 04/01/05 41,320 41,320 WAKE CNTY HOUSING AUTH +@ M/F Housing RB (Walnut Ridge Apts) Series 2000 2.34%, 04/07/05 9,975 9,975 WILMINGTON HOUSING AUTH +@ M/F Housing RB (Garden Lakes Estates) Series 1999 2.34%, 04/07/05 7,055 7,055 ----------- 266,053 NORTH DAKOTA 0.2% NORTH DAKOTA HFA ~@ Home Mortgage Finance Program Series 2004B 2.33%, 04/07/05 24,680 24,680 RICHLAND CNTY +@ Solid Waste Disposal RB (Minn-Dak Farmers Coop) Series 1996A 2.57%, 04/07/05 6,370 6,370 +@ Solid Waste Disposal RB (Minn-Dak Farmers Coop) Series 1996B 2.57%, 04/07/05 585 585 ----------- 31,635
18 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) OHIO 1.0% AKRON, BATH & COPLEY JOINT TOWNSHIP HOSPITAL DISTRICT +@ Hospital Facilities RB (Summa Health System) Series 2004B 2.29%, 04/07/05 7,500 7,500 CLEVELAND +@ Airport System RB Series 1997D 2.33%, 04/07/05 34,760 34,760 CUYAHOGA CNTY +@ Economic Development RB (Hathaway Brown School) Series 1999 2.30%, 04/07/05 13,950 13,950 HAMILTON +~@ Electric System Refunding RB Series 2002A 2.28%, 04/07/05 5,210 5,210 OHIO @ Infrastructure Improvement Refunding GO Bonds Series 2004A 2.25%, 04/07/05 1,000 1,000 +@ RB (Pooled Financing) Series 2004 2.30%, 04/07/05 9,515 9,515 OHIO HFA +~@ M/F Refunding RB (10 Wilmington Place) Series 1991B 2.20%, 04/01/05 8,945 8,945 ~@o Residential Mortgage RB 2001C 2.40%, 04/07/05 5,465 5,465 OHIO HIGHER EDUCATIONAL FACILITY COMM +@ Higher Educational Facility RB (Pooled Financing) Series 2003B 2.30%, 04/07/05 4,900 4,900 PORT OF GREATER CINCINNATI DEVELOPMENT AUTH +@ RB (National Underground Railroad Freedom Center) Series 2003A 2.35%, 04/07/05 15,000 15,000 UNIVERSITY OF CINCINNATI General Receipts BAN Series 2005B 2.30%, 06/01/05 21,284 21,317 UNIVERSITY OF TOLEDO +~@ General Receipts Bonds Series 2002 2.29%, 04/01/05 6,520 6,520 ----------- 134,082 OKLAHOMA 1.1% MULDROW PUBLIC WORKS AUTH +@ IDRB (OK Foods) Series 1995 2.35%, 04/07/05 4,500 4,500 OKLAHOMA CNTY INDUSTRIAL AUTH +@ RB (National Cowboy Hall of Fame) Series 1999 2.30%, 04/07/05 1,080 1,080 OKLAHOMA DEVELOPMENT FINANCE AUTH +@ RB (Shawnee Funding) Series 1996 2.34%, 04/07/05 3,100 3,100 OKLAHOMA HFA ~@o S/F Mortgage RB Series 1998B-2 & 2000C-2 2.37%, 04/07/05 1,580 1,580 OKLAHOMA STUDENT LOAN AUTH +~@ Student Loan Bonds & Notes Series 1996A 2.28%, 04/07/05 32,580 32,580 +~@ Student Loan Bonds & Notes Series 1997A 2.32%, 04/07/05 33,000 33,000 +~@ Student Loan Bonds & Notes Series 1998A 2.32%, 04/07/05 33,100 33,100 +~@ Student Loan Bonds & Notes Series 2000A-4 2.32%, 04/07/05 10,945 10,945 +~@ Student Loan Bonds & Notes Series 2005A 2.32%, 04/07/05 15,045 15,045 PAYNE CNTY ECONOMIC DEVELOPMENT AUTH +~@ Student Housing RB (OSUF Phase III Student Housing) Series 2005 2.30%, 04/07/05 8,500 8,500 TULSA IDA +@ RB (YMCA) Series 1999 2.30%, 04/07/05 2,500 2,500 ----------- 145,930 OREGON 1.4% OREGON +@ Economic Development RB (Kettle Foods) Series 1998-196 2.35%, 04/07/05 4,600 4,600 TAN Series 2004A ~@o 2.31%, 04/07/05 25,000 25,000 1.77%, 06/30/05 71,750 71,966 OREGON ECONOMIC DEVELOPMENT COMM +@ Economic Development RB (Pendleton Flour Mills) Series 1997-182 2.35%, 04/07/05 3,875 3,875 OREGON HEALTH & SCIENCE UNIVERSITY +@ Special RB (OHSU Medical Group) Series 2004A 2.26%, 04/07/05 10,000 10,000 OREGON HEALTH, HOUSING, EDUCATIONAL & CULTURAL FACILITIES AUTH +@ RB (Quatama Crossing) Series 1998A 2.35%, 04/07/05 8,510 8,510 OREGON HOUSING & COMMUNITY SERVICES DEPT ~@ S/F Mortgage RB Series 2004L 2.35%, 04/07/05 5,000 5,000 S/F Mortgage RB Series 2004R 2.15%, 09/01/05 5,500 5,500 PORT OF PORTLAND +@ Special Obligation RB (Portland Bulk Terminals) Series 1996 2.35%, 04/07/05 28,000 28,000
19 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ Special Obligation RB (Portland Bulk Terminals) Series 1999 2.35%, 04/07/05 4,500 4,500 PORTLAND +@ M/F Housing RB (Village of Lovejoy Fountain) Series 1997 2.35%, 04/07/05 8,500 8,500 ----------- 175,451 PENNSYLVANIA 6.3% ALLEGHENY CNTY HOSPITAL DEVELOPMENT AUTH +~@o Hospital RB (Magee-Women's Hospital) Series 1993 2.30%, 04/07/05 5,000 5,000 CENTRAL BUCKS SD +~@ GO Series 2000A 2.33%, 04/07/05 1,450 1,450 CLARION CNTY IDA +@ Energy Development RB (Piney Creek) Series 1990 2.33%, 04/07/05 16,065 16,065 DANIEL BOONE AREA SD +~@ GO Bonds Series 2004 2.29%, 04/07/05 4,795 4,795 DAUPHIN CNTY GENERAL AUTH +~@ RB (Education & Health Loan) Series 1997 2.33%, 04/07/05 6,880 6,880 DELAWARE CNTY IDA +@ RB (YMCA of Philadelphia) Series 1999 2.39%, 04/07/05 100 100 DELAWARE VALLEY REGIONAL FINANCE AUTH +~@o Local Government RB Series 1998A 2.36%, 04/07/05 14,510 14,510 EASTON AREA SD +~@ GO Bonds Series 2005 2.30%, 04/07/05 10,000 10,000 EMMAUS GENERAL AUTH +~@ Bonds Series 1996 2.29%, 04/07/05 3,125 3,125 ERIE SD +~@o GO Bonds Series 2001A 2.32%, 04/07/05 17,545 17,545 HARRISBURG AUTH +~@ Water Refunding RB Series 2002B 2.33%, 04/07/05 5,000 5,000 +~@ Water Refunding RB Series 2003A 2.33%, 04/07/05 14,600 14,600 LAMPETER-STRASBURG SD +~@ GO Bonds Series 2004A 2.30%, 04/07/05 6,000 6,000 LANCASTER CNTY HOSPITAL AUTH +~@ Health Center RB (Masonic Homes) Series 2002 2.29%, 04/07/05 17,435 17,435 MANHEIM TOWNSHIP SD +~@ GO Bonds Series 2004 2.30%, 04/07/05 7,000 7,000 MERCER CNTY +~@o GO Bonds Series 2001 2.32%, 04/07/05 9,000 9,000 MONTGOMERY CNTY HIGHER EDUCATION & HEALTH AUTH +@ RB (Madlyn & Leonard Abramson Center For Jewish Life) Series 2001 2.35%, 04/07/05 4,400 4,400 MONTGOMERY CNTY IDA Pollution Control Refunding RB (Peco Energy Co) Series 1994A + 1.99%, 05/05/05 8,325 8,325 + 2.08%, 05/09/05 18,000 18,000 +@ Pollution Control Refunding RB (Peco Energy Co) Series 1999A 2.30%, 04/07/05 27,400 27,400 +@ School RB (Friends' Central School) Series 2002 2.33%, 04/07/05 4,325 4,325 MONTGOMERY CNTY REDEVELOPMENT AUTH +@ M/F Housing Refunding RB (Glenmore Associates) Series 1995A 2.14%, 04/07/05 750 750 NORTHHAMPTON CNTY +~@o County Agreement RB Series 2001 2.32%, 04/07/05 6,995 6,995 NORWIN SD +~@o GO Bonds Series 2001A 2.32%, 04/07/05 12,500 12,500 PENNSYLVANIA +~@o GO Bonds First Series 1995 2.31%, 04/07/05 1,000 1,000 ~@o GO Bonds First Series 2001 2.36%, 04/07/05 6,860 6,860 +~@o GO Bonds First Series 2003 2.30%, 04/07/05 300 300 +~@o GO Bonds Second Series 2002 2.30%, 04/07/05 14,995 14,995 PENNSYLVANIA CONVENTION CENTER AUTH +~@o RB Series 1989A 2.30%, 04/07/05 4,500 4,500 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTH +@ Exempt Facilities RB (Amtrak) Series 2001B 2.32%, 04/07/05 200 200 @ Exempt Facilities RB (Merck & Co) Series 2001 2.36%, 04/07/05 15,000 15,000 PENNSYLVANIA ENERGY DEVELOPMENT AUTH +@ Energy Development RB (B&W Ebensburg) Series 1986 2.33%, 04/07/05 8,740 8,740 +@ Energy Development RB (Piney Creek) Series 1986A 2.33%, 04/07/05 18,480 18,480 +@ Energy Development RB (Piney Creek) Series 1986C 2.33%, 04/07/05 4,155 4,155 PENNSYLVANIA HFA +~@o S/F Mortgage RB Drawdown Series 2003 2.35%, 04/07/05 6,920 6,920
20 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) ~@o S/F Mortgage RB Series 1999A 2.15%, 08/11/05 18,820 18,820 ~@ S/F Mortgage RB Series 2004-83C 2.26%, 04/07/05 8,000 8,000 ~@ S/F Mortgage RB Series 2004-84C 2.29%, 04/07/05 9,500 9,500 ~@ S/F Mortgage RB Series 2004-84D 2.29%, 04/07/05 19,600 19,600 ~@o S/F RB Series 1998-64 2.37%, 04/07/05 495 495 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY +~@ Student Loan RB Series 1988A 2.27%, 04/07/05 38,600 38,600 +~@ Student Loan RB Series 1988B 2.27%, 04/07/05 36,700 36,700 +~@ Student Loan RB Series 1994A 2.27%, 04/07/05 16,000 16,000 +~@ Student Loan RB Series 1997A 2.35%, 04/07/05 28,900 28,900 +~@ Student Loan RB Series 1999A 2.33%, 04/07/05 35,000 35,000 +~@ Student Loan RB Series 2000A 2.35%, 04/07/05 34,175 34,175 +~@ Student Loan RB Series 2001A 2.35%, 04/07/05 21,900 21,900 +~@ Student Loan RB Series 2003A-1 2.35%, 04/07/05 7,000 7,000 +~@ Student Loan RB Series 2003A-2 2.35%, 04/07/05 38,000 38,000 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTH +~@ Drexel University RB Series 2005B 2.29%, 04/07/05 1,600 1,600 +~@o University of Pennsylvania Health System RB Series 2005A 2.30%, 04/07/05 14,070 14,070 PENNSYLVANIA INTERGOVERNMENTAL COOPERATION AUTH +~@ Special Tax Refunding RB (Philadelphia Funding Program) Series 2003 2.30%, 04/07/05 30,110 30,110 PENNSYLVANIA PUBLIC SCHOOL BUILDING AUTH +~@o School Lease RB (Philadelphia SD) Series 2003 2.32%, 04/07/05 5,900 5,900 +~@ School RB (Parkland SD) Series 1999D 2.33%, 04/07/05 7,990 7,990 PENNSYLVANIA STATE UNIVERSITY @ RB Series 2001A 2.26%, 04/07/05 1,300 1,300 PHILADELPHIA GAS WORKS +~@o RB Third Series 2001 2.30%, 04/07/05 4,295 4,295 + Revenue Notes TECP Series D 2.28%, 04/12/05 34,000 34,000 PHILADELPHIA IDA +~@o Airport RB Series 1998A 2.15%, 08/11/05 12,710 12,710 +@ RB (City Line Holiday Inn) Series 1996 2.25%, 04/07/05 6,800 6,800 READING SD +~@o GO Bonds Series 2003A 2.32%, 04/07/05 4,225 4,225 SCRANTON REDEVELOPMENT AUTH +@ Guaranteed Lease RB Series 2004 2.33%, 04/07/05 3,500 3,500 TEMPLE UNIVERSITY University Funding Obligations Series 2004 1.27%, 05/02/05 29,800 29,824 1.84%, 05/02/05 9,000 9,003 UNIVERSITY OF PITTSBURGH Pitt Asset Notes Series 2004 3.00%, 10/14/05 18,000 18,106 ~@ University Capital Project Bonds Series 2005A 2.27%, 04/07/05 5,000 5,000 ~@ University Capital Project Bonds Series 2005B 2.25%, 04/07/05 10,000 10,000 ~@ University Capital Project Bonds Series 2005C 2.22%, 04/07/05 5,000 5,000 WEST CORNWALL TWP MUNICIPAL AUTH +@ RB (Lebanon Valley Brethren Home) Series 1995 2.34%, 04/07/05 1,720 1,720 ----------- 820,193 PUERTO RICO 0.0% PUERTO RICO HIGHWAYS & TRANSPORTATION AUTH +~@o Highway RB Series Y 2.28%, 04/07/05 800 800 RHODE ISLAND 0.8% RHODE ISLAND HOUSING & MORTGAGE FINANCE CORP. ~@o Home Ownership Opportunity Bonds Series 1998-29A 2.43%, 04/07/05 19,020 19,020 RHODE ISLAND IDA +@ IDRB (Greystone of Lincoln) Series 2000 2.55%, 04/07/05 1,700 1,700 RHODE ISLAND STUDENT LOAN AUTH +~@ Student Loan Program RB Series 1995-1 2.33%, 04/07/05 30,000 30,000 +~@ Student Loan Program RB Series 1996-1 2.33%, 04/07/05 19,000 19,000 +~@ Student Loan Program RB Series 1996-2 2.33%, 04/07/05 6,900 6,900 +~@ Student Loan Program RB Series 1996-3 2.33%, 04/07/05 23,000 23,000 ----------- 99,620 SOUTH CAROLINA 0.9% BERKELEY CNTY SD +~@o School Building Bonds Series 2002 2.35%, 04/07/05 7,575 7,575
21 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FLORENCE CNTY PUBLIC FACILITIES CORP. +~@ Refunding COP (Law Enforcement & Civic Centers) Series 2003 2.30%, 04/07/05 24,985 24,985 GREENVILLE IDA +@ IDRB (Stevens Aviation Technical Services) Series 1997 2.39%, 04/07/05 3,500 3,500 SOUTH CAROLINA HOUSING & DEVELOPMENT AUTH +@ M/F Rental Housing RB (Ashley Apts) Series 1999 2.34%, 04/07/05 4,105 4,105 +@ M/F Rental Housing RB (Piedmont Manor Apts) Series 2000B-1 2.34%, 04/07/05 5,755 5,755 +@ M/F Rental Housing RB (Spartanburg Terrace Apts) Series 2000C-1 2.34%, 04/07/05 1,960 1,960 +@ M/F Rental Housing Refunding RB (Fairway Apts) Series 2001A 2.33%, 04/07/05 7,735 7,735 SOUTH CAROLINA JOBS ECONOMIC DEVELOPMENT AUTH +@ IDRB (Sanders Brothers Construction Co) Series 1996 2.39%, 04/07/05 700 700 +@ RB (Holcim) Series 2003 2.43%, 04/07/05 6,250 6,250 +@ RB (Thomas & Betts Corp) Series 1997 2.39%, 04/07/05 3,250 3,250 SOUTH CAROLINA PUBLIC SERVICE AUTH ~ TECP 1.98%, 04/07/05 29,701 29,701 SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK +~@o RB Series 1999A 2.32%, 04/07/05 22,610 22,610 SPARTANBURG CNTY IDA +@ Refunding IDRB (Bemis Co) Series 1991 2.34%, 04/07/05 4,750 4,750 ----------- 122,876 SOUTH DAKOTA 0.3% SOUTH DAKOTA HAD +@ M/F Housing RB (Harmony Heights) Series 2001 2.40%, 04/07/05 6,500 6,500 SOUTH DAKOTA HEALTH & EDUCATIONAL FACILITIES AUTH +~@ RB (McKenna Hospital) Series 1994 2.20%, 04/07/05 27,240 27,240 SOUTH DAKOTA HOUSING DEVELOPMENT AUTH ~@ Homeownership Mortgage Bonds Series 2004G 2.16%, 04/07/05 11,000 11,000 ----------- 44,740 TENNESSEE 3.5% BRISTOL HEALTH & EDUCATIONAL FACILITIES BOARD +@ RB (King College) Series 2001 2.30%, 04/07/05 6,850 6,850 CARTER CNTY IDB +@ M/F Housing Refunding RB (Willow Run Apts) Series 1990 2.25%, 04/07/05 6,675 6,675 CHATTANOOGA HEALTH, EDUCATION & HOUSING FACILITIES BOARD +@ RB (Baylor School) Series 1996 2.29%, 04/07/05 2,035 2,035 +@ THA Program RB (Cumberland Medical Ctr) Series 2004A 2.29%, 04/07/05 46,000 46,000 FRANKLIN CO IDB +@ IDRB (Hi-Tech) Series 1997 2.35%, 04/07/05 3,800 3,800 GRUNDY CNTY IDB +@ Limited Obligation RB (Toyo Seat USA Corp) Series 2001 2.48%, 04/07/05 3,795 3,795 HENDERSONVILLE IDB +@ Refunding IDRB (Betty Machine Co) Series 2001 2.34%, 04/07/05 3,445 3,445 HUNTINGDON IDB +@ IDRB (Associated Rubber Co) Series 1999 2.34%, 04/07/05 2,200 2,200 JACKSON ENERGY AUTH +~@ Gas System RB Series 2002 2.28%, 04/07/05 5,730 5,730 +~@ Water System RB Series 2002 2.28%, 04/07/05 4,800 4,800 JACKSON IDB +@ Solid Waste Facility Bonds (Ameristeel Corp) Series 1997 2.35%, 04/07/05 3,800 3,800 MARION CNTY INDUSTRIAL & ENVIRONMENTAL DEVELOPMENT BOARD +@ Economic Development RB (Variform) Series 1992 2.20%, 08/01/05 7,000 7,000 MCMINN CNTY IDA +@ Solid Waste Disposal Facilities RB (Bowater) Series 1999 2.34%, 04/07/05 13,500 13,500 MEMPHIS +~@o Electric System Subordinate RB Series 2003A 2.32%, 04/07/05 2,800 2,800 +~@o General Improvement Refunding Bonds Series 2005 2.32%, 04/07/05 5,640 5,640 METROPOLITAN GOVT OF NASHVILLE & DAVIDSON CNTY +@ Educational Facilities RB (Belmont Univ) Series 2005 2.28%, 04/07/05 13,000 13,000 GO TECP 2.00%, 06/09/05 15,000 15,000 2.25%, 08/15/05 15,000 15,000
22 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) @ RB (Ascension Health Credit Group) Series 2001B-1 1.65%, 08/03/05 4,000 4,000 +@ RB (Ensworth School) Series 2002 2.29%, 04/07/05 7,525 7,525 METROPOLITAN GOVT OF NASHVILLE-DAVIDSON CNTY IDB +@ Educational Facilities Refunding RB (David Lipscomb Univ) Series 2003 2.29%, 04/07/05 8,300 8,300 +@ IDRB (Bindtech) Series 1997 2.35%, 04/07/05 2,550 2,550 +@ M/F Housing RB (Arbor Crest) 1985B 2.31%, 04/07/05 12,750 12,750 +@ M/F Housing RB (Arbor Knoll) 1985A 2.31%, 04/07/05 13,400 13,400 METROPOLITAN NASHVILLE AIRPORT AUTH +@ Passenger Facility Charge Refunding Bonds Series 2003 2.34%, 04/07/05 6,300 6,300 SEVIER CNTY PUBLIC BUILDING AUTH +~@ Public Improvement Bonds Series 1995C-1 2.31%, 04/07/05 2,975 2,975 +~@ Public Improvement Bonds Series 1996E-4 2.31%, 04/07/05 2,340 2,340 +~@ Public Improvement Bonds Series 1996E-5 2.31%, 04/07/05 1,310 1,310 +~@ Public Improvement Bonds Series 1996F-1 2.31%, 04/07/05 8,700 8,700 +~@ Public Improvement Bonds Series 1996F-2 2.31%, 04/07/05 4,775 4,775 +~@ Public Improvement Bonds Series 1996G 2.31%, 04/07/05 4,810 4,810 +~@ Public Improvement Bonds Series 1996II-C 2.31%, 04/07/05 805 805 +~@ Public Improvement Bonds Series 1998III-C-1 2.31%, 04/07/05 7,980 7,980 SHELBY CNTY TAN Series 2004 1.52%, 06/30/05 31,300 31,413 SHELBY CNTY HEALTH, EDUCATION & HOUSING FACILITY BOARD +@ Educational Facilities RB (Rhodes College) Series 2000 2.30%, 04/07/05 9,545 9,545 +@ M/F Housing RB (TUP I) Series 1997A 2.43%, 04/07/05 5,000 5,000 +@ RB (St. Benedict at Auburndale High School) Series 2003 2.32%, 04/07/05 5,000 5,000 TENNESSEE GO TECP Series A 1.80%, 04/07/05 15,000 15,000 2.17%, 05/02/05 20,000 19,997 2.06%, 06/06/05 10,000 10,000 2.05%, 06/08/05 20,000 20,000 TENNESSEE HOUSING DEVELOPMENT AGENCY ~@o Homeownership Program Bonds Series 2001-1C 2.41%, 04/07/05 7,175 7,175 VOLUNTEER STUDENT LOAN FUNDING CORP. +@ Student Loan RB Series 1987A-1 2.34%, 04/07/05 15,000 15,000 +@ Student Loan RB Series 1987A-2 2.34%, 04/07/05 13,700 13,700 +@ Student Loan RB Series 1987A-3 2.34%, 04/07/05 59,700 59,700 ----------- 461,120 TEXAS 13.2% AMARILLO HEALTH FACILITY CORP +@ Hospital RB (Panhandle Pooled Health Care Loan) Series 1985 2.42%, 04/07/05 3,000 3,000 AUSTIN ~@o Public Improvement Bonds Series 2000 2.32%, 04/07/05 6,000 6,000 +~@o Public Improvement Refunding Bonds Series 2005 2.32%, 04/07/05 8,760 8,760 +~@o Water & Wastewater Refunding RB Series 2001A&B 2.35%, 04/07/05 1,225 1,225 BEXAR CNTY HEALTH FACILITIES DEVELOPMENT CORP. +@ Health Care RB (Chandler Memorial Home) Series 1995 2.31%, 04/07/05 3,700 3,700 BOERNE INDEPENDENT SD +~@o Unlimited Tax School Building Bonds Series 2004 2.32%, 04/07/05 2,630 2,630 BRAZOS RIVER AUTH +@ Pollution Control Refunding RB (TXU Electric Co) Series 2001D-1 2.33%, 04/07/05 14,300 14,300 COLLIN CNTY HFA +@ M/F Housing RB (Huntington Apts) Series 1996 2.38%, 04/07/05 6,150 6,150 CYPRESS-FAIRBANKS INDEPENDENT SD +~@o Unlimited Tax GO Refunding Bonds Series 2005 2.32%, 04/07/05 6,800 6,800 DALLAS AREA RAPID TRANSIT +~@o Dallas/Ft Worth International Airport Joint RB Series 2003A 2.35%, 04/07/05 2,500 2,500 +~@o Sr Lien Sales Tax RB Series 2001 2.32%, 04/07/05 16,130 16,130 DALLAS FORT WORTH INTERNATIONAL AIRPORT +~@o Airport Joint Improvement RB Series 2003A 1.65%, 04/07/05 9,995 9,995 +~@o Joint Improvement & Refunding RB Series 2002A 2.37%, 04/07/05 8,995 8,995 +~@o Joint RB Series 2003A 2.36%, 04/07/05 3,370 3,370
23 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) DALLAS INDEPENDENT SD +~@o Unlimited Tax School Building & Refunding Bonds Series 2004A 2.32%, 04/07/05 1,200 1,200 DENTON UTILITY SYSTEM +~@o Utility System RB Series 2000A 2.32%, 04/07/05 5,230 5,230 EL PASO +~@o Water & Sewer Refunding RB Series 1998 2.27%, 04/07/05 9,635 9,635 GARLAND INDEPENDENT SD +~@ Unlimited Tax School Building Bonds Series 2004B 2.05%, 06/15/05 7,125 7,125 GRAND PRAIRIE IDA +@ IDRB (NTA Leasing Co) Series 1994 2.43%, 04/07/05 1,400 1,400 GRAPEVINE IDA Airport Improvement RB (Simuflite Training Int'l) Series 1983A +@ 1.15%, 04/01/05 18,975 18,975 +@ 2.70%, 04/03/06 18,975 18,975 GREATER EAST TEXAS STUDENT LOAN CORP. Student Loan RB Series 1992B +@ 2.33%, 04/07/05 30,200 30,200 +@ 1.80%, 07/01/05 14,000 14,000 +@ Student Loan RB Series 1995B 1.80%, 07/01/05 10,000 10,000 +@ Student Loan RB Series 1998A 2.33%, 04/07/05 10,250 10,250 +@ Student Loan Refunding RB Series 1993A 2.33%, 04/07/05 48,150 48,150 +@ Student Loan Refunding RB Series 1993B 2.33%, 04/07/05 7,000 7,000 +@ Student Loan Refunding RB Series 1995A 2.32%, 04/07/05 35,700 35,700 +@ Student Loan Refunding RB Series 1996A 2.33%, 04/07/05 56,000 56,000 GREGG COUNTY HEALTH FACILITIES DEVELOPMENT CORP. +@ Hospital RB (Good Shepherd Medical Center) Series 2004 2.28%, 04/07/05 21,400 21,400 GULF COAST INDUSTRIAL DEVELOPMENT AUTH +@ IDRB (Gruma Corp) Series 1994 2.38%, 04/07/05 6,440 6,440 GULF COAST WASTE DISP AUTH @ RB (Amoco Oil Co) Series 1991 1.60%, 04/01/05 9,200 9,200 HARRIS CNTY +~@ Jr Lien Special RB (Rodeo) Series 2001C 2.30%, 04/07/05 1,900 1,900 HARRIS CNTY FLOOD CONTROL DISTRICT + Contract Tax TECP Series F 2.06%, 06/07/05 14,905 14,905 HARRIS CNTY HEALTH FACILITY DEVELOPMENT CORP. @ RB (Methodist Hospital System) Series 2005B 2.07%, 05/09/05 80,000 80,000 +~@o RB (SCH Health Care) Series 1997B 2.32%, 04/07/05 14,850 14,850 HARRIS CNTY HFA +@ M/F Housing RB (Dominion Square Apts) Series 2000 2.43%, 04/07/05 2,860 2,860 +@ M/F Housing RB (Village At Cornerstone Apts) Series 2004 2.35%, 04/07/05 8,360 8,360 HAYS CONSOLIDATED INDEPENDENT SD +~@o Unlimited Tax Refunding Bonds Series 2005 2.32%, 04/07/05 3,690 3,690 HOUSTON ~@o Public Improvement Refunding Bonds Series 1998A 2.32%, 04/07/05 21,655 21,655 ~@o TRAN Series 2004 2.31%, 04/07/05 13,460 13,460 +~@o Water & Sewer System Junior Lien Refunding RB Series 2002A 2.36%, 04/07/05 6,530 6,530 HOUSTON INDEPENDENT SD ~@ Limited Tax Schoolhouse & Refunding Bonds Series 2003 1.73%, 06/15/05 97,270 97,270 ~@ Limited Tax Schoolhouse Bonds Series 2004 1.62%, 06/09/05 105,000 104,974 JEWETT ECONOMIC DEVELOPMENT CORP. @ IDRB (Nucor Corp) Series 2003 2.34%, 04/07/05 6,200 6,200 KATY INDEPENDENT SD +~@o Unlimited Tax School Building Bonds Series 2000A 2.32%, 04/07/05 10,145 10,145 ~@ Unlimited Tax School Building Bonds Series 2004C 2.28%, 04/07/05 68,200 68,200 LAVACA-NAVIDAD RIVER AUTH +@ Water Supply System Contract RB (Formosa Plastics Corp) Series 1990 2.33%, 04/07/05 13,600 13,600 LEANDER INDEPENDENT SD +~@o Unlimited Tax School Building & Refunding Bonds Series 2003 2.33%, 04/07/05 10,000 10,000 LOWER COLORADO RIVER AUTH +~@o Refunding RB Series 1999A 2.32%, 04/07/05 10,770 10,770 + Transmission Contract Revenue CP Notes 2.05%, 05/04/05 40,000 40,000 LUBBOCK INDEPENDENT SD +~@ Unlimited Tax School Building Bonds Series 2005A 3.38%, 12/15/05 23,050 23,238 MANSFIELD IDA +@ IDRB (Southern Champion Tray) Series 1999 2.34%, 04/07/05 1,900 1,900 MATAGORDA CNTY NAVIGATION DISTRICT # 1 +~@o Refunding RB (Houston Lighting & Power Co) 2.40%, 04/07/05 19,385 19,385
24 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) MIDLOTHIAN INDEPENDENT SD +~@o Unlimited Tax School Building & Refunding Bonds Series 2004 2.36%, 04/07/05 8,840 8,840 NORTH TEXAS HIGHER EDUCATION AUTH +@ Student Loan RB Series 1987 2.32%, 04/07/05 87,750 87,750 +@ Student Loan RB Series 1998 2.28%, 04/07/05 9,000 9,000 +~@ Student Loan RB Series 2005A 2.28%, 04/07/05 20,600 20,600 NORTH TEXAS TOLLWAY AUTH +~@o Dallas North Tollway System RB Series 2005A 2.32%, 04/07/05 2,600 2,600 PANHANDLE PLAINS HIGHER EDUCATION AUTH +~@ Student Loan RB Series 1991A 2.33%, 04/07/05 20,700 20,700 +~@ Student Loan RB Series 1992A 2.33%, 04/07/05 17,800 17,800 +~@ Student Loan RB Series 1993A 2.33%, 04/07/05 22,400 22,400 SAN ANTONIO IDA +@ IDRB (Gruma Corp) Series 1994 2.38%, 04/07/05 4,095 4,095 SOUTHEAST TEXAS HFA S/F Mortgage Refunding & RB Series 1998A +~@o 2.37%, 04/07/05 4,285 4,285 ~@o 2.37%, 04/07/05 4,345 4,345 SPRING INDEPENDENT SD +~@o Unlimited Tax Schoolhouse Bonds Series 2005 2.32%, 04/07/05 6,000 6,000 TEXAS ~@ GO Bonds Veterans' Housing Assistance Program Fund II Series 2005A 2.32%, 04/07/05 16,700 16,700 ~@ GO College Student Loan & Refunding Bonds Series 2003 1.80%, 07/01/05 25,690 25,690 TRAN Series 2004 ~@o 2.31%, 04/07/05 88,000 88,000 1.60%, 08/31/05 100,820 101,398 2.04%, 08/31/05 39,920 40,074 2.08%, 08/31/05 35,000 35,129 2.09%, 08/31/05 25,000 25,091 2.25%, 08/31/05 19,935 19,994 ~@ Veterans' Housing Assistance Program Fund II Series 2002 A-2 Bonds 2.28%, 04/07/05 6,000 6,000 TEXAS A&M BOARD OF REGENTS ~@o Permanent University Fund Bonds Series 2004B 2.32%, 04/07/05 6,500 6,500 TEXAS A&M UNIVERSITY ~@o Permanent University Fund Bonds Series 1998 2.32%, 04/07/05 28,445 28,445 TEXAS DEPT OF HOUSING & COMMUNITY AFFAIRS +@ M/F Housing RB (Bristol Apts) Series 2004 2.35%, 04/07/05 8,625 8,625 +@ M/F Housing RB (Creek Point Apts) Series 2000 2.35%, 04/07/05 6,785 6,785 +@ M/F Housing RB (Montgomery Pines Apts) Series 2004 2.35%, 04/07/05 12,300 12,300 +@ M/F Housing RB (Pinnacle Apartments) Series 2004 2.35%, 04/07/05 7,000 7,000 ~@o Residential Mortgage RB Series 1998A 2.43%, 04/07/05 14,950 14,950 +~@o S/F Mortgage RB Series 2002A&B 2.36%, 04/07/05 4,125 4,125 +~@ S/F Mortgage RB Series 2004D 2.35%, 04/07/05 10,950 10,950 TEXAS MUNICIPAL GAS CORP. +~@ Senior Lien Gas Reserve RB Series 1998 2.28%, 04/07/05 2,285 2,285 TEXAS PUBLIC FINANCE AUTHORITY ~ TECP 1.80%, 04/05/05 45,000 45,000 TRINITY RIVER AUTH +@ Solid Waste Disposal RB (Community Waste Disposal) Series 1999 2.37%, 04/07/05 4,070 4,070 UNIVERSITY OF TEXAS Permanent University Fund Flexible Rate Notes Series A 2.05%, 05/05/05 22,000 22,000 WACO EDUCATION FINANCE CORP. +~@ RB (Baylor Univ) Series 2002A 2.27%, 04/07/05 9,575 9,575 ----------- 1,727,428 UTAH 2.1% DAVIS CNTY SD TAN Series 2004 1.60%, 06/30/05 25,000 25,085 INTERMOUNTAIN POWER AGENCY +~@ Power Supply Refunding & RB Series 1985E 2.20%, 09/15/05 43,150 43,134 +~@o Power Supply Refunding RB Series 1996C 2.32%, 04/07/05 15,330 15,330 SALT LAKE CITY +~@o Hospital RB (IHC Health Services) Series 2001 2.32%, 04/07/05 26,730 26,730 @ Pollution Control (Amoco Project) Series 1983 1.50%, 04/01/05 4,715 4,714 +@ RB (Rowland Hall - St. Mark's School) Series 2001 2.28%, 04/07/05 9,515 9,515 TRAN Series 2004 1.60%, 06/30/05 25,000 25,085
25 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) UNIVERSITY OF UTAH +~@o Auxiliary & Campus Facilities System Refunding & RB Series 1998A 2.32%, 04/07/05 30,060 30,060 +@ Student Loan RB Series 1993A 2.28%, 04/07/05 5,000 5,000 +~@ Student Loan RB Series 1995l 2.28%, 04/07/05 27,500 27,500 UTAH ~@o GO Highway Bonds Series 1998A 2.31%, 04/07/05 14,715 14,715 UTAH BUILDING OWNERSHIP AUTH +~@o Lease Refunding RB Series 1998C 2.32%, 04/07/05 9,695 9,695 UTAH STATE BOARD OF REGENTS +~@ Student Loan RB Series 2005W 2.28%, 04/07/05 35,280 35,280 WOODS CROSS CITY +@ M/F Housing Refunding RB (Springwood Apts) Series 2001A 2.28%, 04/07/05 3,605 3,605 ----------- 275,448 VERMONT 0.1% VERMONT ECONOMIC DEVELOPMENT AUTH +@ IDRB (Agri-Mark) Series 1999A 2.47%, 04/07/05 17,000 17,000 +@ IDRB (Agri-Mark) Series 1999B 2.47%, 04/07/05 1,000 1,000 ----------- 18,000 VIRGINIA 1.7% ALEXANDRIA IDA +@ Refunding RB (Goodwin House) Series 2005 2.27%, 04/01/05 14,000 14,000 CITY OF RICHMOND IDA +@ RB (Church School, VA Diocese) Series 2002 2.30%, 04/07/05 12,540 12,540 FAIRFAX CNTY ~@o Public Improvement & Refunding Bonds Series 2004A 2.32%, 04/07/05 1,000 1,000 Public Improvement Refunding Bonds Series 2003A 4.00%, 06/01/05 11,325 11,365 KING GEORGE CNTY +@ Solid Waste Disposal Facility RB (Garnet) Series 1996 2.35%, 04/07/05 3,700 3,700 LOUDOUN CNTY ~@o GO Refunding Bonds Series 2005 2.30%, 04/07/05 15,960 15,960 METROPOLITAN WASHINGTON AIRPORTS AUTH +~@o Airport System RB Series 2001A 2.37%, 04/07/05 5,870 5,870 +~@ Airport System Refunding RB Series 2002C 2.30%, 04/07/05 26,900 26,900 +~@o Airport System Refunding RB Series 2004D 2.37%, 04/07/05 2,750 2,750 Airport System Revenue TECP Series Two + 1.95%, 04/06/05 20,000 20,000 + 1.95%, 04/07/05 10,000 10,000 ~ TECP Series A 2.05%, 04/11/05 43,000 43,000 MONTGOMERY CNTY IDA +@ RB (Virginia Tech Foundation) Series 2001A 2.30%, 04/07/05 8,900 8,900 +@ RB (Virginia Tech Foundation) Series 2001B 2.38%, 04/07/05 1,015 1,015 +@ RB (Virginia Tech Foundation) Series 2002 2.30%, 04/07/05 4,485 4,485 NEWPORT NEWS IDA +@ RB (CNU Warwick Student Apts) Series 2004 2.30%, 04/07/05 4,300 4,300 NORFOLK +~@o Parking System Refunding & RB Series 2000B 2.32%, 04/07/05 9,450 9,450 NORFOLK REDEVELOPMENT & HOUSING AUTH +@ RB (E2F Student Housing I) Series 2005 2.30%, 04/07/05 7,000 7,000 +@ RB (Old Dominion University Real Estate Foundation Student Housing) Series 2004B 2.30%, 04/07/05 6,000 6,000 PORTSMOUTH REDEVELOPMENT & HOUSING AUTH +@ M/F Housing RB (Churchland North Apts) Series 1999 2.34%, 04/07/05 6,550 6,550 VIRGINIA BEACH DEVELOPMENT AUTH +@ M/F Residential Rental Housing RB (Silver Hill at Thalia) Series 1999 2.34%, 04/07/05 4,200 4,200 VIRGINIA PORT AUTHORITY Commonwealth Port Fund Refunding RB Series 1998 5.25%, 07/01/05 8,630 8,706 ----------- 227,691 WASHINGTON 3.6% CENTRAL PUGET SOUND REGIONAL TRANSIT AUTH +~@o Sales Tax RB Series 2005A 2.32%, 04/07/05 8,000 8,000 DOUGLAS CNTY DEVELOPMENT CORP. +@ RB (Executive Flight) Series 1998 2.35%, 04/07/05 6,300 6,300 ENERGY NORTHWEST +~@o Columbia Generating Station & Project #3 Refunding Electric RB Series 2001A 2.32%, 04/07/05 29,700 29,700 +~@o Project #1 Refunding Electric RB Series 2002A 2.32%, 04/07/05 20,425 20,425
26 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +~@o Project #3 Refunding Electric RB Series 2003A 2.32%, 04/07/05 8,690 8,690 +~@ Project #3 Refunding Electric RB Series 2003D-3-2 2.28%, 04/07/05 8,000 8,000 EVERETT IDA @ Exempt Facilities RB (Kimberly-Clark Corp) Series 2002 2.35%, 04/07/05 3,200 3,200 +@ RB (Partners Trust I/Synsor) Series 1996 2.35%, 04/07/05 3,300 3,300 OLYMPIA +@ Solid Waste RB (LeMay Enterprises) Series 1999 2.37%, 04/07/05 5,905 5,905 PIERCE CNTY +@ IDRB (McFarland Cascade) Series 1996 2.35%, 04/07/05 3,945 3,945 +~@o Unlimited Tax GO Bonds Series 2001 2.32%, 04/07/05 43,655 43,655 PIERCE CNTY ECONOMIC DEVELOPMENT CORP. +@ RB (Flex-A-Lite Consolidated) Series 1996 2.35%, 04/07/05 2,250 2,250 +@ RB (K&M Holdings II) Series 1997 2.58%, 04/07/05 1,300 1,300 +@ Solid Waste RB (LeMay Enterprises) Series 1999 2.37%, 04/07/05 2,145 2,145 PORT OF CENTRALIA IDA +@ Solid Waste RB (LeMay Enterprises) Series 1999 2.37%, 04/07/05 1,345 1,345 PORT OF MOSES LAKE PUBLIC CORP. +@ RB (National Frozen Foods Corp) Series 1997 2.30%, 04/07/05 2,900 2,900 PORT OF SEATTLE +~@o RB Series 2001B 2.37%, 04/07/05 4,430 4,430 +~@o RB Series 2003A 2.32%, 04/07/05 1,000 1,000 +~@o Special Facility RB (Terminal 18) Series 1999B 2.40%, 04/07/05 49,795 49,795 PORT OF TACOMA Subordinate Lien Revenue TECP Series A + 2.06%, 06/06/05 14,000 14,000 + 2.07%, 06/07/05 9,000 9,000 SEATTLE +~@o Drainage & Wastewater Refunding & RB Series 2002 2.32%, 04/07/05 6,875 6,875 SEATTLE HOUSING AUTH +@ RB (CHHIP & HRG) Series 1996 2.35%, 04/07/05 3,410 3,410 +@ RB (Casa Pacifica Apts) Series 1997 2.35%, 04/07/05 2,950 2,950 TACOMA HOUSING AUTH +@ RB (Crown Assisted Living) Series 1998 2.35%, 04/07/05 3,135 3,135 WASHINGTON +~@o GO Bond Series 2003A 2.36%, 04/07/05 5,170 5,170 ~@o GO Bonds Series 1998C 2.32%, 04/07/05 12,150 12,150 ~@o GO Bonds Series 2000B 2.32%, 04/07/05 13,380 13,380 +~@o Unlimited GO Bonds Series B 2.32%, 04/07/05 30,485 30,485 +~@o Various Purpose GO Bonds Series 2005D 2.32%, 04/07/05 12,430 12,430 WASHINGTON ECONOMIC DEVELOPMENT FINANCE AUTH +@ Economic Development RB (Skills) Series 1998N 2.35%, 04/07/05 2,770 2,770 +@ IDRB (Tonkin Building Associates) Series 1997A 2.35%, 04/07/05 1,000 1,000 +@ RB (Hunter Douglas) Series 1997A 2.34%, 04/07/05 3,500 3,500 +@ Solid Waste Disposal RB (Cedar Grove Composting) Series 2004B 2.37%, 04/07/05 5,905 5,905 +@ Solid Waste Disposal RB (Waste Management ) Series 2000C 2.37%, 04/07/05 5,500 5,500 Solid Waste Disposal RB (Waste Management ) Series 2000I +@ 2.33%, 04/07/05 10,240 10,240 +@ 2.37%, 04/07/05 7,235 7,235 +@ Solid Waste Disposal RB (Waste Management) Series 2000H 2.37%, 04/07/05 6,825 6,825 WASHINGTON HEALTH CARE FACILITIES AUTH +@ RB (Yakima Valley Farm Workers Clinic) Series 1997 2.30%, 04/07/05 3,200 3,200 WASHINGTON HOUSING FINANCE COMM +@ M/F Housing RB (Anchor Village Apts) Series 1997 2.35%, 04/07/05 10,750 10,750 +@ M/F Housing RB (Highlander Apts) Series 2004A 2.35%, 04/07/05 7,000 7,000 +@ M/F Housing RB (Lakewood Meadows Apts) Series 2000A 2.35%, 04/07/05 3,140 3,140 +@ M/F Housing RB (Rainier Court Apts) Series 2003A 2.35%, 04/07/05 12,750 12,750 +@ M/F Housing RB (Silver Creek Apts) Series 2004 2.35%, 04/07/05 4,100 4,100 +@ M/F Housing RB (Vintage at Burien) Series 2004A 2.35%, 04/07/05 6,570 6,570 +@ M/F Housing RB (Woodrose Apts) Series 1999A 2.35%, 04/07/05 6,750 6,750
27 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) +@ M/F Mortgage RB (Canyon Lakes) Series 1993 2.21%, 04/07/05 4,295 4,295 +@ M/F Mortgage RB (Lake Washington Apts) Series 1996 2.35%, 04/07/05 8,050 8,050 +@ M/F Mortgage RB (Meridian Court Apts) Series 1996 2.35%, 04/07/05 6,700 6,700 +@ M/F RB (Brittany Park Phase II) Series 1998A 2.35%, 04/07/05 3,480 3,480 +@ M/F RB (Brittany Park) Series 1996A 2.35%, 04/07/05 8,730 8,730 +@ M/F RB (Merrill Gardens at Queen Anne) Series 2004A 2.38%, 04/07/05 9,500 9,500 +@ M/F RB (Merrill Gardens) Series 1997A 2.35%, 04/07/05 6,125 6,125 +@ M/F RB (Rosecreek Apts) Series 1998A 2.38%, 04/07/05 3,570 3,570 YAKAMA INDIAN NATION +@ RB (Yakama Forest Products) Series 1997 2.35%, 04/07/05 2,900 2,900 YAKIMA CNTY PUBLIC CORP +@ IDRB (Cowiche Growers) Series 1998 2.35%, 04/07/05 2,800 2,800 +@ RB (Michelsen Packaging) Series 1996 2.35%, 04/07/05 1,100 1,100 ----------- 473,755 WEST VIRGINIA 0.4% FAYETTE CNTY DEVELOPMENT AUTH +@ Solid Waste Disposal Facility RB (Georgia-Pacific Corp) Series 1995 2.34%, 04/07/05 11,100 11,100 MARION CNTY +@ Solid Waste Disposal Facility RB (Grant Town Cogeneration) Series 1990B 2.30%, 04/07/05 19,925 19,925 +@ Solid Waste Disposal Facility RB (Grant Town Cogeneration) Series 1990C 2.30%, 04/07/05 17,000 17,000 +@ Solid Waste Disposal Facility RB (Grant Town Cogeneration) Series 1990D 2.30%, 04/07/05 3,200 3,200 ----------- 51,225 WISCONSIN 1.9% COLBURN IDA +@ IDRB (Heartland Farms) Series 1994 2.54%, 04/07/05 5,800 5,800 KENOSHA +@ IDRB (Asyst Technologies) Series 1997 2.37%, 04/07/05 5,000 5,000 KIMBERLY AREA SD +~@o GO Refunding Bonds 2.32%, 04/07/05 6,075 6,075 MILWAUKEE CNTY +~@o Airport RB Series 2000A 1.40%, 04/07/05 18,470 18,470 SOUTHEAST WISCONSIN PROFESSIONAL BASEBALL PARK DISTRICT +~@o Sales Tax Refunding Bonds Series 1998 2.35%, 04/07/05 5,000 5,000 WISCONSIN +~@o GO Bonds Series 2005-1 2.32%, 04/07/05 8,190 8,190 +~@o GO Refunding Bonds Series 2005-1 2.32%, 04/07/05 4,600 4,600 +~@o Transportation RB Series 2005A 2.32%, 04/07/05 9,690 9,690 WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTH +~@o RB (Sisters of the Sorrowful Mother) Series 1993C 2.32%, 04/07/05 22,015 22,015 WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTH +@ Business Development RB (Ultratec) Series 1995-7 2.54%, 04/07/05 2,205 2,205 ~@ Home Ownership RB Series 2002C 2.25%, 04/07/05 3,000 3,000 ~@ Home Ownership RB Series 2002D 2.28%, 04/07/05 830 830 ~@ Home Ownership RB Series 2003B 2.28%, 04/07/05 14,300 14,300 Home Ownership RB Series 2004A ~@ 2.28%, 04/07/05 8,000 8,000 ~@ 2.28%, 04/07/05 11,020 11,020 ~@ 2.28%, 04/07/05 10,000 10,000 ~@ Home Ownership RB Series 2004D 2.32%, 04/07/05 73,800 73,800 +~@o Housing RB Series 2002 B 2.32%, 04/07/05 15,715 15,715 +~@o S/F Draw Down RB Series 2003I 2.38%, 04/07/05 17,950 17,950 WISCONSIN RAPIDS +@ IDRB (Thiele Kaolin) Series 1998 2.34%, 04/07/05 4,500 4,500 ----------- 246,160 WYOMING 0.2% LINCOLN CNTY @ Pollution Control RB (Amoco Project) Series 1983 1.50%, 04/01/05 15,200 15,193 @ Pollution Control RB (Exxon) Series 1987C 2.24%, 04/01/05 1,500 1,500 WYOMING COMMUNITY DEVELOPMENT AUTH ~@o Housing RB Series 2001-1 2.37%, 04/07/05 5,225 5,225 ----------- 21,918
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investment was $13,057,021, and the unrealized loss was ($212). 28 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS continued The fund's portfolio holdings include illiquid and/or restricted security of Lava-Navidad River Auth, 2.33%, 04/07/05, worth $13,600 or 0.1% of the fund's total net assets. 29 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB ADVISOR CASH RESERVES(TM) PORTFOLIO HOLDINGS As of March 31, 2005, unaudited The following are the portfolio holdings at 03/31/05. For more information please refer to the fund's semi-annual or annual shareholder reports. We use the symbols below to designate certain characteristics of the securities. * Asset-backed security + Credit-enhanced security o Restricted and/or illiquid security For fixed-rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. For variable-rate obligations with scheduled maturities greater than 397 days, the maturity shown is the later of the next interest rate change date or demand date. For variable-rate obligations with scheduled maturities less than 397 days, the maturity shown is the earlier of the next interest rate change date or demand date.
COST VALUE HOLDINGS BY CATEGORY ($X1,000) ($X1,000) -------------------------------------------------------------------------------- 62.0% FIXED-RATE OBLIGATIONS 2,880,079 2,880,079 9.1% VARIABLE-RATE OBLIGATIONS 424,822 424,822 29.4% OTHER INVESTMENTS 1,363,857 1,363,857 -------------------------------------------------------------------------------- 100.5% TOTAL INVESTMENTS 4,668,758 4,668,758 (0.5)% OTHER ASSETS AND LIABILITIES (21,687) -------------------------------------------------------------------------------- 100.0% NET ASSETS 4,647,071
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) FIXED-RATE OBLIGATIONS 62.0% of net assets COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 38.4% --------------------------------------------------------------------------- AB SPINTAB 2.98%, 06/03/05 1,600 1,592 2.95%, 08/08/05 17,000 16,823 ALLIANCE & LEICESTER, PLC, SECTION 4(2) / 144A 2.80%, 06/10/05 6,000 5,968 3.15%, 09/08/05 2,000 1,972 3.20%, 09/12/05 10,000 9,857 + Allied Irish Banks North America 2.96%, 05/31/05 2,000 1,990 * Amstel Funding Corp., Section 4(2) / 144A 2.96%, 05/31/05 9,000 8,956 2.95%, 08/10/05 6,000 5,936 *+ Aquinas Funding, L.L.C., Section 4(2) / 144A 2.42%, 04/05/05 2,000 1,999 2.18%, 04/14/05 1,000 999 2.73%, 06/20/05 4,000 3,976 3.02%, 06/21/05 5,000 4,966 2.85%, 07/12/05 3,000 2,976 3.15%, 09/02/05 5,000 4,934 *+ ASAP Funding Ltd., Section 4(2) / 144A 2.69%, 04/05/05 7,000 6,998 2.65%, 04/12/05 5,000 4,996 2.82%, 04/26/05 10,000 9,981 2.84%, 05/04/05 14,000 13,964 * Atlantis One Funding Corp., Section 4(2) / 144A 2.77%, 04/21/05 7,000 6,989 2.58%, 06/01/05 15,000 14,935 2.82%, 07/11/05 20,000 19,844 2.84%, 07/14/05 7,872 7,808 2.87%, 07/20/05 8,956 8,879 2.87%, 07/22/05 2,154 2,135 2.98%, 08/11/05 6,000 5,935 2.98%, 08/12/05 5,000 4,946 3.15%, 09/15/05 37,000 36,468 3.25%, 09/20/05 4,000 3,939 BANK OF AMERICA CORP. 2.59%, 04/04/05 57,000 56,988 2.63%, 04/11/05 30,000 29,978 BANK OF IRELAND, SECTION 4(2) / 144A 2.65%, 04/21/05 3,300 3,295 + Barclays U.S. Funding Corp. 2.71%, 04/27/05 10,000 9,981 *+ BETA FINANCE, INC., SECTION 3C7 / 144A 2.17%, 04/13/05 1,500 1,499 2.63%, 04/19/05 21,000 20,973 2.72%, 04/21/05 2,000 1,997 2.90%, 06/06/05 11,500 11,439 + CBA (DELAWARE) FINANCE, INC. 2.62%, 04/07/05 2,300 2,299 * CC (USA), INC., SECTION 3C7 / 144A 2.70%, 04/11/05 9,000 8,993 2.17%, 04/13/05 4,000 3,997 2.63%, 04/18/05 3,000 2,996 2.68%, 04/27/05 5,000 4,990 2.78%, 07/07/05 5,000 4,963 CITICORP 2.78%, 04/26/05 20,000 19,962 CITIGROUP GLOBAL MARKETS HOLDINGS, INC. 2.63%, 04/20/05 9,000 8,988 2.78%, 04/28/05 40,000 39,917 2.66%, 05/03/05 40,000 39,906 *+ CONCORD MINUTEMEN CAPITAL CO., SECTION 3C7 / 144A 2.51%, 05/10/05 3,234 3,225 2.84%, 05/24/05 3,000 2,988 2.80%, 07/06/05 7,000 6,948 2.81%, 07/06/05 3,000 2,978 2.83%, 07/06/05 22,820 22,650 3.01%, 08/18/05 19,923 19,695 *+ CROWN POINT CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.64%, 04/18/05 17,000 16,979 2.29%, 04/20/05 1,500 1,498 2.95%, 08/08/05 1,509 1,493 3.32%, 09/21/05 35,000 34,450 * DAKOTA CP NOTES OF CITIBANK CREDIT CARD ISSUANCE TRUST, SECTION 4(2) / 144A 2.61%, 04/05/05 20,000 19,994 2.64%, 04/06/05 40,000 39,985 2.73%, 04/13/05 10,000 9,991
1 SCHWAB ADVISOR CASH RESERVES(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.82%, 04/22/05 10,000 9,984 2.81%, 04/25/05 12,000 11,978 + DANSKE CORP. 2.61%, 04/05/05 11,168 11,165 2.64%, 04/07/05 4,700 4,698 DNB NOR BANK ASA 2.87%, 06/09/05 5,700 5,669 2.95%, 06/15/05 9,900 9,840 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.68%, 04/27/05 23,000 22,956 2.82%, 07/15/05 5,000 4,959 *+ EDISON ASSET SECURITIZATION CORP., L.L.C., SECTION 4(2) / 144A 2.60%, 04/01/05 23,000 23,000 *+ EIFFEL FUNDING, L.L.C., SECTION 4(2) / 144A 2.80%, 04/04/05 5,000 4,999 2.67%, 04/13/05 2,000 1,998 2.68%, 04/22/05 2,000 1,997 2.66%, 04/25/05 9,000 8,984 2.82%, 04/26/05 4,000 3,992 2.95%, 05/23/05 2,000 1,992 *+ FAIRWAY FINANCE CO., L.L.C., SECTION 4(2) / 144A 2.80%, 04/05/05 15,000 14,995 2.17%, 04/07/05 4,771 4,769 2.51%, 05/13/05 9,000 8,974 2.96%, 07/28/05 5,000 4,952 3.23%, 09/12/05 3,000 2,957 FORENINGSSPARBANKEN AB (SWEDBANK) 2.64%, 04/07/05 1,000 1,000 2.98%, 06/01/05 1,900 1,890 * GALAXY FUNDING, INC., SECTION 4(2) / 144A 2.61%, 04/07/05 9,000 8,996 3.01%, 06/21/05 26,000 25,825 GENERAL ELECTRIC CAPITAL CORP. 2.64%, 04/12/05 35,000 34,972 2.64%, 04/21/05 40,000 39,942 2.64%, 04/22/05 40,000 39,939 3.02%, 06/23/05 23,000 22,841 2.86%, 07/21/05 50,000 49,565 * GIRO FUNDING U. S. CORP., SECTION 4(2) / 144A 2.64%, 04/15/05 10,000 9,990 2.79%, 04/27/05 20,000 19,960 2.82%, 04/29/05 15,000 14,967 2.95%, 05/26/05 16,000 15,928 *+ GRAMPIAN FUNDING, L.L.C., SECTION 4(2) / 144A 2.20%, 04/19/05 7,000 6,992 *+ GREYHAWK FUNDING, L.L.C., SECTION 4(2) / 144A 2.26%, 04/26/05 3,000 2,995 IRISH LIFE & PERMANENT, PLC, SECTION 4(2) / 144A 2.65%, 04/21/05 12,000 11,982 2.48%, 05/18/05 3,000 2,990 2.86%, 06/02/05 1,000 995 + IXIS COMMERCIAL PAPER CORP., SECTION 4(2) / 144A 2.64%, 04/22/05 2,000 1,997 2.67%, 04/22/05 4,400 4,393 2.99%, 06/22/05 15,000 14,899 * K2 (USA), L.L.C., SECTION 3C7 / 144A 2.62%, 04/08/05 8,800 8,796 2.72%, 04/25/05 28,100 28,049 2.84%, 07/15/05 5,000 4,959 + KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD., SECTION 4(2) / 144A 2.16%, 04/01/05 4,000 4,000 *+ KITTY HAWK FUNDING CORP., SECTION 4(2) / 144A 3.25%, 09/20/05 3,841 3,782 *+ LEXINGTON PARKER CAPITAL CO., L.L.C., SECTION 4(2) / 144A 2.17%, 04/06/05 3,000 2,999 2.65%, 04/18/05 1,163 1,162 2.82%, 04/19/05 1,000 999 2.60%, 06/01/05 4,840 4,819 2.86%, 07/18/05 11,364 11,268 2.88%, 07/25/05 19,000 18,828 2.96%, 08/08/05 2,000 1,979 2.98%, 08/08/05 2,000 1,979 3.15%, 09/01/05 10,000 9,868 * MANE FUNDING CORP., SECTION 4(2) / 144A 2.67%, 04/26/05 5,000 4,991 2.98%, 06/16/05 24,945 24,789 MORGAN STANLEY 2.73%, 04/20/05 10,000 9,986 2.78%, 04/29/05 40,000 39,914 * NEWCASTLE CERTIFICATES PROGRAM, SECTION 4(2) / 144A 2.74%, 04/11/05 15,000 14,989 3.01%, 06/14/05 7,000 6,957 2.98%, 06/16/05 1,000 994 *+ NIEUW AMSTERDAM RECEIVABLES CORP., SECTION 4(2) / 144A 2.64%, 04/05/05 5,000 4,999 2.84%, 05/03/05 5,000 4,987 2.83%, 05/05/05 15,000 14,960 2.93%, 06/15/05 1,743 1,732 + NORDEA NORTH AMERICA, INC. 3.04%, 06/22/05 10,000 9,931 *+ OLD LINE FUNDING, L.L.C., SECTION 4(2) / 144A 2.72%, 04/20/05 10,067 10,053 *+ PARK AVENUE RECEIVABLES CO., L.L.C. SECTION 4(2) / 144A 2.80%, 04/07/05 1,000 1,000 * PARK GRANADA, L.L.C., SECTION 4(2) / 144A 2.83%, 05/03/05 5,000 4,987 + SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.12%, 04/05/05 16,000 15,996 2.81%, 07/13/05 10,000 9,921 *+ SCALDIS CAPITAL LTD., SECTION 4(2) / 144A 2.71%, 04/07/05 10,000 9,996 2.25%, 04/18/05 11,639 11,627 2.27%, 04/26/05 4,371 4,364 2.51%, 05/16/05 14,000 13,957 2.98%, 06/15/05 7,000 6,957 2.86%, 07/15/05 33,000 32,729 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.63%, 04/07/05 11,000 10,995 2.80%, 05/23/05 3,000 2,988 2.69%, 06/15/05 5,000 4,972
2 SCHWAB ADVISOR CASH RESERVES(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 3.01%, 06/24/05 3,000 2,979 2.81%, 07/01/05 3,000 2,979 3.15%, 09/02/05 10,000 9,867 SKANDINAVISKA ENSKILDA BANKEN AB 2.63%, 04/15/05 15,000 14,985 3.00%, 06/09/05 1,850 1,839 3.00%, 06/24/05 7,300 7,249 3.25%, 09/16/05 5,000 4,925 SOCIETE GENERALE 2.73%, 07/06/05 9,500 9,432 + SVENSKA HANDELSBANKEN, INC. 2.67%, 04/25/05 7,500 7,487 *+ THUNDER BAY FUNDING, L.L.C., SECTION 4(2) / 144A 2.63%, 04/11/05 9,693 9,686 2.63%, 04/15/05 25,000 24,975 2.68%, 04/21/05 5,237 5,229 + WESTPAC CAPITAL CORP. 2.71%, 04/25/05 10,900 10,880 * WHITE PINE FINANCE, L.L.C., SECTION 3C7 / 144A 2.18%, 04/11/05 2,835 2,833 2.96%, 08/01/05 20,343 20,142 *+ WINDMILL FUNDING CORP., SECTION 4(2) / 144A 2.65%, 04/07/05 24,000 23,989 2.64%, 04/20/05 40,400 40,344 2.79%, 04/28/05 2,500 2,495 *+ YORKTOWN CAPITAL, L.L.C., SECTION 4(2) / 144A 2.77%, 04/01/05 25,000 25,000 ----------- 1,785,285 CERTIFICATES OF DEPOSIT 20.9% --------------------------------------------------------------------------- AMERICAN EXPRESS CENTURION BANK 2.65%, 04/01/05 10,500 10,500 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.64%, 04/14/05 11,000 11,000 2.96%, 06/01/05 20,000 20,000 2.77%, 07/06/05 3,000 3,000 BANK OF NOVA SCOTIA 2.66%, 04/06/05 20,000 20,000 BANK OF THE WEST 2.62%, 04/01/05 20,500 20,500 3.33%, 09/27/05 2,000 2,000 BANK OF TOKYO-MITSUBISHI, LTD. 2.80%, 04/28/05 15,000 15,000 BARCLAYS BANK, PLC 2.70%, 04/12/05 17,000 17,000 2.97%, 08/11/05 50,000 50,000 CALYON 2.61%, 04/08/05 18,000 18,000 2.95%, 08/10/05 1,000 1,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.61%, 04/08/05 14,000 14,000 2.72%, 07/05/05 30,000 30,000 CREDIT SUISSE FIRST BOSTON 2.65%, 04/18/05 14,000 14,000 2.66%, 04/22/05 1,000 1,000 2.95%, 05/31/05 40,000 40,000 DEPFA BANK, PLC 2.68%, 04/04/05 7,500 7,500 DEUTSCHE BANK, AG 2.78%, 04/27/05 10,000 10,000 2.75%, 05/19/05 50,000 50,000 DEXIA CREDIT LOCAL 2.71%, 04/25/05 13,000 13,000 2.71%, 04/26/05 28,000 28,000 + HBOS Treasury Services, PLC 2.91%, 06/13/05 2,000 2,000 2.73%, 06/29/05 5,000 5,000 2.72%, 07/05/05 15,000 15,000 HSBC BANK PLC 3.03%, 08/22/05 35,000 35,000 ING BANK, N.V. 2.78%, 04/29/05 20,000 20,000 LANDESBANK BADEN-WURTTEMBERG 2.21%, 05/17/05 16,300 16,295 LANDESBANK HESSEN-THURINGEN GIROZENTRALE 3.15%, 09/12/05 10,000 10,000 MIZUHO CORPORATE BANK LTD. 2.97%, 05/27/05 18,000 18,000 3.15%, 09/12/05 10,000 10,000 NORDDEUTSCHE LANDESBANK GIROZENTRALE 2.63%, 04/14/05 35,000 35,000 RABOBANK NEDERLAND 2.81%, 05/03/05 18,000 18,000 ROYAL BANK OF CANADA 2.70%, 04/15/05 15,000 15,000 2.76%, 04/19/05 10,000 10,000 SOCIETE GENERALE 2.95%, 08/09/05 6,000 6,000 3.23%, 09/23/05 10,000 10,000 SVENSKA HANDELSBANKEN AB 2.62%, 04/13/05 35,000 35,000 TORONTO DOMINION BANK 2.30%, 05/12/05 20,000 20,000 2.73%, 07/07/05 5,000 5,000 U.S. BANK, N.A. 2.68%, 04/07/05 3,000 3,000 2.68%, 04/22/05 15,000 15,000 2.83%, 05/06/05 16,000 16,000 3.20%, 09/15/05 5,000 5,000 3.34%, 10/03/05 25,000 25,000 UBS, AG 2.66%, 04/08/05 21,000 21,000 2.75%, 05/06/05 60,000 60,000 2.71%, 07/08/05 22,000 22,000 UNICREDITO ITALIANO SPA 2.97%, 05/31/05 25,000 24,999 2.70%, 06/24/05 20,000 20,000 WASHINGTON MUTUAL BANK, FA 2.80%, 04/28/05 10,000 10,000 3.25%, 09/23/05 20,000 20,000 3.27%, 09/26/05 6,000 6,000 WELLS FARGO BANK, N.A. 2.83%, 05/09/05 46,000 46,000 WILMINGTON TRUST CO. 2.81%, 07/05/05 5,000 5,000 ----------- 969,794 BANK NOTES 1.8% --------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.98%, 08/19/05 5,000 5,000
3 SCHWAB ADVISOR CASH RESERVES(TM) PORTFOLIO HOLDINGS continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ x 1,000) ($ x 1,000) 2.98%, 08/23/05 25,000 25,000 LASALLE NATIONAL BANK, N.A. 2.69%, 04/12/05 25,000 25,000 STANDARD FEDERAL BANK, N.A. 2.63%, 04/11/05 10,000 10,000 2.67%, 04/13/05 20,000 20,000 ----------- 85,000 PROMISSORY NOTES 0.9% --------------------------------------------------------------------------- o The Goldman Sachs Group, Inc. 2.80%, 06/30/05 15,000 15,000 2.85%, 07/06/05 10,000 10,000 2.93%, 07/15/05 15,000 15,000 ----------- 40,000 VARIABLE-RATE OBLIGATIONS 9.1% of net assets + ABBEY NATIONAL TREASURY SERVICES, PLC 2.78%, 04/26/05 5,000 5,000 BARCLAYS BANK, PLC 2.74%, 04/18/05 50,000 49,977 BAYERISCHE LANDESBANK GIROZENTRALE 2.78%, 05/02/05 25,000 24,995 *+ BETA FINANCE, INC., SECTION 3C7 / 144A 2.75%, 04/14/05 19,000 18,997 + BRECKENRIDGE TERRACE L.L.C. 2.91%, 04/07/05 1,000 1,000 * DORADA FINANCE, INC., SECTION 3C7 / 144A 2.75%, 04/14/05 20,000 19,997 + EAGLE COUNTY, COLORADO HOUSING FACILITIES REVENUE BOND (The Tarnes at BC LLC Project B) Series 1999 2.91%, 04/07/05 2,000 2,000 + HBOS Treasury Service, PLC 2.81%, 04/26/05 7,000 7,000 2.68%, 04/04/05 22,000 22,000 HSH NORDBANK, AG 2.70%, 04/11/05 4,000 3,999 LANDESBANK BADEN-WURTTEMBERG 2.74%, 04/13/05 15,000 14,998 2.79%, 04/20/05 12,000 12,000 2.79%, 04/22/05 20,000 19,996 * LIBERTY LIGHTHOUSE U.S. CAPITAL CO. L.L.C. 4(2) / 144A 2.81%, 04/27/05 5,000 4,999 2.66%, 04/01/05 19,000 18,999 *+ LINKS FINANCE, L.L.C., SECTION 3C7 / 144A 2.76%, 04/15/05 16,000 15,997 MORGAN STANLEY 2.71%, 04/04/05 20,000 20,000 ROYAL BANK OF SCOTLAND, PLC 2.73%, 04/14/05 35,000 34,998 2.77%, 04/29/05 25,000 24,995 *+ SIGMA FINANCE, INC., SECTION 3C7 / 144A 2.76%, 04/15/05 51,000 50,992 2.80%, 04/25/05 6,000 5,999 SOCIETE GENERALE 2.76%, 04/18/05 10,000 9,999 + TENDERFOOT SEASONAL HOUSING, L.L.C. SERIES B 2.91%, 04/07/05 2,885 2,885 o THE GOLDMAN SACHS GROUP, INC. 2.76%, 04/04/05 23,000 23,000 2.89%, 04/22/05 5,000 5,000 WESTLB, AG 2.80%, 04/20/05 5,000 5,000 ----------- 424,822
MATURITY AMOUNT SECURITY ($ x 1,000) OTHER INVESTMENTS 29.4% of net assets REPURCHASE AGREEMENTS 29.4% --------------------------------------------------------------------------- BEAR STEARNS & CO. INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $459,001 2.89%, issued 03/31/05, due 04/01/05 450,036 450,000 CREDIT SUISSE FIRST BOSTON Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $38,620 2.89%, issued 03/31/05, due 04/01/05 2,858 2,857 2.63%, issued 02/08/05, due 04/07/05 35,148 35,000 MORGAN STANLEY & CO. INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $886,993 2.89%, issued 03/31/05, due 04/01/05 837,067 837,000 2.64%, issued 02/11/05, due 04/07/05 24,097 24,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $15,300 2.62%, issued 02/09/05, due 04/07/05 15,062 15,000 - ----------- 1,363,857
END OF INVESTMENTS. At 03/31/05, the tax basis cost of the fund's investments was $4,668,758. The fund's portfolio holdings include restricted and/or illiquid securities worth $68,000 or 1.5% of the fund's total net assets. Also, includes other restricted but deemed liquid securities comprised of 144A, section 4(2) and 3c7 securities, worth $1,328,775 or 28.6% of the fund's total net assets. 4 SCHWAB ADVISOR CASH RESERVES(TM) PORTFOLIO HOLDINGS continued At March 31, 2005, portfolio holdings included restricted and/or illiquid securities as follows:
ISSUER FACE COST/ RATE, ACQUISITION DATE, AMOUNT VALUE MATURITY DATE ($ x 1,000) ($ x 1,000) THE GOLDMAN SACHS GROUP, INC. 2.76%,02/03/05, 04/04/05 23,000 23,000 2.89%,02/22/05, 04/22/05 5,000 5,000 2.80%,12/30/04, 06/30/05 15,000 15,000 2.85%,01/06/05, 07/06/05 10,000 10,000 2.93%,01/19/05, 07/15/05 15,000 15,000 ----------- 68,000
5 ITEM 2. CONTROLS AND PROCEDURES. (a)Based on their evaluation of Registrant's disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant's Chief Executive Officer, Evelyn Dilsaver and Registrant's Principal Financial Officer, George Pereira, have concluded that Registrant's disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant's officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. (b)During Registrant's last fiscal quarter, there have been no changes in Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Separate certifications for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), are attached. Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) The Charles Schwab Family of Funds ----------------------------------- By: /s/ Evelyn Dilsaver ------------------------------ Evelyn Dilsaver Chief Executive Officer Date: May 18, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Evelyn Dilsaver ------------------------------ Evelyn Dilsaver Chief Executive Officer Date: May 18, 2005 By: /s/ George Pereira ------------------------------ George Pereira Principal Financial Officer Date: May 16, 2005