-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HLNIcUJd/XBeQ/ydVlH07wlN8uA7Tucbwh5Ble+zSc4iZLtdwRPGMmzE4XMvNxkm Waun7h8OzsRoe89MuMBbOg== 0000950134-08-010283.txt : 20080527 0000950134-08-010283.hdr.sgml : 20080526 20080527150455 ACCESSION NUMBER: 0000950134-08-010283 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080527 DATE AS OF CHANGE: 20080527 EFFECTIVENESS DATE: 20080527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHARLES SCHWAB FAMILY OF FUNDS CENTRAL INDEX KEY: 0000857156 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05954 FILM NUMBER: 08860536 BUSINESS ADDRESS: STREET 1: 101 MONTGOMERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-627-7000 MAIL ADDRESS: STREET 1: 101 MONTGOMERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FORMER COMPANY: FORMER CONFORMED NAME: SCHWAB CHARLES FAMILY OF FUNDS DATE OF NAME CHANGE: 19920703 0000857156 S000004499 Schwab Money Market Fund C000012373 Schwab Money Market Fund SWMXX 0000857156 S000004500 Schwab AMT Tax-Free Money Fund C000012374 Sweep Shares SWFXX C000039063 Value Advantage Shares SWWXX 0000857156 S000004501 Schwab Massachusetts AMT Tax-Free Money Fund C000012375 Sweep Shares SWDXX 0000857156 S000004502 Schwab Pennsylvania Municipal Money Fund C000012376 Sweep Shares SWEXX 0000857156 S000004503 Schwab New Jersey AMT Tax-Free Money Fund C000012377 Sweep Shares SWJXX 0000857156 S000004504 Schwab Cash Reserves C000012378 Schwab Cash Reserves SWSXX 0000857156 S000004505 Schwab Advisor Cash Reserves C000012379 Sweep Shares SWQXX C000012380 Premier Sweep Shares SWZXX 0000857156 S000004506 Schwab Government Money Fund C000012381 Schwab Government Money Fund SWGXX 0000857156 S000004507 Schwab U.S. Treasury Money Fund C000012382 Schwab U.S. Treasury Money Fund SWUXX 0000857156 S000004508 Schwab Value Advantage Money Fund C000012383 Investor Shares SWVXX C000012384 Select Shares SWBXX C000012385 Institutional Shares SWAXX C000038267 Institutional Prime Shares SNAXX 0000857156 S000004509 Schwab Retirement Advantage Money Fund C000012386 Schwab Retirement Advantage Money Fund SWIXX 0000857156 S000004510 Schwab Investor Money Fund C000012387 Schwab Investor Money Fund SWRXX 0000857156 S000004511 Schwab Municipal Money Fund C000012388 Sweep Shares SWXXX C000012389 Value Advantage Shares SWTXX C000012390 Select Shares SWLXX C000012391 Institutional Shares SWOXX 0000857156 S000004512 Schwab California Municipal Money Fund C000012392 Sweep Shares SWCXX C000012393 Value Advantage Shares SWKXX 0000857156 S000004513 Schwab New York AMT Tax-Free Money Fund C000012394 Sweep Shares SWNXX C000012395 Value Advantage Shares SWYXX 0000857156 S000019114 Schwab California AMT Tax-Free Money Fund C000052863 Value Advantage Shares SNKXX N-Q 1 f40994nvq.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) Randall W. Merk 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 1, 2008 - March 31, 2008 ITEM 1. SCHEDULE OF INVESTMENTS. The Charles Schwab Family of Funds Schwab New York AMT Tax-Free Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. 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 and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) 93.3% MUNICIPAL SECURITIES 2,974,144 2,974,144 - -------------------------------------------------------------------------------- 93.3% TOTAL INVESTMENTS 2,974,144 2,974,144 6.7% OTHER ASSETS AND LIABILITIES 213,771 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 3,187,915
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 93.3% OF NET ASSETS NEW YORK 88.3% ALBANY IDA Refunding IDRB (United Cerebral Palsy Association - Capital District) Series 1997B 2.22%, 04/03/08 (a)(b) 8,385 8,385 BROOME CNTY BAN Series 2007 3.64%, 04/18/08 21,300 21,303 BROOME CNTY IDA Civic Facility RB (Methodist Homes For the Aging) Series 2003 2.25%, 04/02/08 (a)(b) 3,625 3,625 CHAUTAUQUA CNTY Civic Facility RB (Jamestown Center City Development Corp) Series 2000A 2.32%, 04/03/08 (a)(b) 11,210 11,210 ERIE CNTY IDA RB (Orchard Park CCRC Inc) Series 2006B 1.97%, 04/03/08 (a)(b) 7,000 7,000 HERKIMER CNTY Civic Facility RB (Templeton Foundation) Series 2000 2.29%, 04/03/08 (a)(b) 1,425 1,425 HUDSON YARDS INFRASTRUCTURE CORP Sr RB Series 2007A 2.25%, 04/03/08 (a)(b)(c)(d) 14,415 14,415 JAY STREET DEV CORP Courts Facility Lease RB Fiscal 2004 Series A2 1.75%, 04/02/08 (a)(b) 4,765 4,765 LONG ISLAND POWER AUTH Electric System General RB Series 1998A 2.28%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 Electric System General RB Series 2006C 2.24%, 04/03/08 (a)(b)(c)(d) 6,500 6,500 Electric System General RB Series 2006D 3.50%, 04/03/08 (a)(b)(c)(d) 12,995 12,995 Electric System Subordinated RB Series 2001-1B 1.22%, 04/01/08 (a)(b) 9,500 9,500 Electric System Subordinated RB Series 1998-7B 3.25%, 04/02/08 (a)(b)(c) 13,000 13,000 LONGWOOD CENTRAL SD TAN 3.62%, 06/27/08 25,000 25,036 METROPOLITAN TRANSPORTATION AUTH Dedicated Tax Fund Bonds Series 1999A 2.24%, 04/03/08 (a)(c)(d) 25,405 25,405 Dedicated Tax Fund Bonds Series 2002A 2.24%, 04/03/08 (a)(b)(c)(d) 10,980 10,980 Dedicated Tax Fund Bonds Series 2004D1 2.57%, 04/03/08 (a)(b)(c) 63,215 63,215 Transportation Refunding RB Series 2002G2 6.75%, 04/03/08 (a)(b)(c) 67,035 67,035 Transportation RB Series 2005B 2.20%, 04/03/08 (a)(b)(c)(d) 11,350 11,350 3.50%, 04/03/08 (a)(b)(c)(d) 15,830 15,830 3.79%, 04/03/08 (a)(b)(c)(d) 8,175 8,175 Transportation RB Series 2005E1 2.02%, 04/03/08 (a)(b) 15,000 15,000 Transportation RB Series 2005G1 1.01%, 04/01/08 (a)(b) 7,085 7,085 Transportation RB Series 2007A 2.19%, 04/03/08 (a)(b)(c)(d) 2,575 2,575 2.27%, 04/03/08 (a)(b)(c)(d) 25,000 25,000 Transportation Refunding RB Series 2002A 2.19%, 04/03/08 (a)(b)(c)(d) 28,995 28,995 Transportation Refunding RB Series 2002G1 6.75%, 04/03/08 (a)(b)(c) 4,560 4,560 Transportation Revenue BAN Series CP1 A, B, C 0.90%, 05/06/08 (b) 2,000 2,000 1.00%, 06/02/08 (b) 3,000 3,000 1.95%, 06/06/08 (b) 48,000 48,000 2.35%, 05/05/08 (b) 42,500 42,500 2.65%, 04/09/08 (b) 3,100 3,100 3.05%, 06/11/08 (b) 25,000 25,000
1 SCHWAB NEW YORK AMT TAX-FREE FUND PORTFOLIO HOLDING (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) NASSAU CNTY GO Bonds Series 2007A 1.70%, 04/02/08 (a)(b) 9,000 9,000 GO Bonds Series 2007B 1.70%, 04/02/08 (a)(b) 10,000 10,000 NASSAU CNTY IDA RB (Amsterdam at Harborside) Series 2007C 1.75%, 04/02/08 (a)(b) 23,650 23,650 NEW YORK CITY GO Bonds Fiscal 1994 Series A7 1.25%, 04/01/08 (a)(b) 19,200 19,200 1.25%, 04/01/08 (a)(b) 3,600 3,600 GO Bonds Fiscal 1994 Series H4 1.25%, 04/01/08 (a)(b) 6,790 6,790 GO Bonds Fiscal 1995 Series B4 1.50%, 04/01/08 (a)(b)(c) 5,700 5,700 GO Bonds Fiscal 1995 Series B7 1.50%, 04/01/08 (a)(b)(c) 14,800 14,800 GO Bonds Fiscal 2001 Series A 2.78%, 04/03/08 (a)(b)(c)(d) 10,185 10,185 GO Bonds Fiscal 2001 Series B 2.19%, 04/03/08 (a)(b)(c)(d) 2,960 2,960 GO Bonds Fiscal 2002 Series A 2.27%, 04/03/08 (a)(b)(c)(d) 21,240 21,240 GO Bonds Fiscal 2002 Series A6 1.15%, 04/01/08 (a)(b)(c) 15,600 15,600 GO Bonds Fiscal 2002 Series G 2.93%, 08/01/08 (b) 10,000 10,076 GO Bonds Fiscal 2003 Series C2 1.92%, 04/02/08 (a)(b) 5,030 5,030 GO Bonds Fiscal 2003 Series C3 1.80%, 04/02/08 (a)(b) 25,700 25,700 GO Bonds Fiscal 2003 Series C4 2.00%, 04/02/08 (a)(b) 10,330 10,330 GO Bonds Fiscal 2004 Series A4 2.00%, 04/02/08 (a)(b) 5,500 5,500 GO Bonds Fiscal 2004 Series F 2.28%, 04/03/08 (a)(b)(c)(d) 75,000 75,000 GO Bonds Fiscal 2004 Series H1 1.15%, 04/01/08 (a)(b) 19,175 19,175 GO Bonds Fiscal 2004 Series H3 1.80%, 04/02/08 (a)(b) 39,455 39,455 GO Bonds Fiscal 2004 Series H5 1.92%, 04/02/08 (a)(b) 1,345 1,345 GO Bonds Fiscal 2004 Series H6 1.95%, 04/02/08 (a)(b) 12,215 12,215 GO Bonds Fiscal 2004 Series H7 1.25%, 04/01/08 (a)(b) 8,950 8,950 GO Bonds Fiscal 2004 Series J 2.31%, 04/03/08 (a)(b)(c)(d) 19,160 19,160 GO Bonds Fiscal 2005 Series E 2.19%, 04/03/08 (a)(b)(c)(d) 20,890 20,890 GO Bonds Fiscal 2005 Series N 2.19%, 04/03/08 (a)(b)(c)(d) 20,035 20,035 GO Bonds Fiscal 2005 Series O 2.14%, 04/03/08 (a)(c)(d) 15,000 15,000 2.25%, 04/03/08 (a)(b)(c)(d) 7,665 7,665 GO Bonds Fiscal 2006 Series A 2.14%, 04/03/08 (a)(c)(d) 4,080 4,080 GO Bonds Fiscal 2006 Series A & C 2.38%, 04/03/08 (a)(b)(c)(d) 5,255 5,255 GO Bonds Fiscal 2006 Series G 2.31%, 04/03/08 (a)(b)(c)(d) 9,995 9,995 2.31%, 04/03/08 (a)(c)(b)(d) 13,760 13,760 GO Bonds Fiscal 2006 Series I1 2.26%, 04/03/08 (a)(b)(c)(d) 6,165 6,165 2.29%, 04/03/08 (a)(c)(d) 6,395 6,395 GO Bonds Fiscal 2006 Series I3 1.18%, 04/01/08 (a)(b) 13,900 13,900 GO Bonds Fiscal 2006 Series I4 2.02%, 04/02/08 (a)(b) 8,500 8,500 GO Bonds Fiscal 2006 Series I5 1.05%, 04/01/08 (a)(b) 18,180 18,180 GO Bonds Fiscal 2006 Series I7 2.10%, 04/02/08 (a)(b) 3,000 3,000 GO Bonds Fiscal 2006 Series I8 1.25%, 04/01/08 (a)(b) 9,000 9,000 GO Bonds Fiscal 2007 Series C1 2.26%, 04/03/08 (a)(b)(c)(d) 5,285 5,285 GO Bonds Fiscal 2007 Series D 2.23%, 04/03/08 (a)(c)(d) 4,400 4,400 GO Bonds Fiscal 2008 Series D4 2.16%, 04/03/08 (a)(c) 4,000 4,000 GO Bonds Fiscal 2008 Series C1 2.27%, 04/03/08 (a)(b)(c)(d) 7,345 7,345 NEW YORK CITY CAPITAL RESOURCE CORPORATION RB (Loan Enhanced Assistance Program) Series 2008B3 2.05%, 04/03/08 (a)(b) 7,850 7,850 NEW YORK CITY HFA Housing RB (Normandie Court I) Series 1991A 1.95%, 04/02/08 (a)(b) 36,750 36,750 NEW YORK CITY HOUSING DEVELOPMENT CORP M/F Mortgage RB (Beekman Tower) Series 2008A 1.80%, 04/02/08 (a)(b) 20,000 20,000 M/F Rental Housing RB (2 Gold Street) Series 2006A 1.92%, 04/02/08 (a)(b) 15,000 15,000 M/F Rental Housing RB (90 Washington St) Series 2005A 1.75%, 04/02/08 (a)(b) 17,150 17,150 M/F Rental Housing RB (Royal Charter Properties-East) Series 2005A 1.95%, 04/02/08 (a)(b) 21,000 21,000 NEW YORK CITY IDA Civic Facility RB (Wartburg Lutheran Home for the Aging & Wartburg Nursing Home) Series 2006A 2.22%, 04/03/08 (a)(b) 8,090 8,090 NEW YORK CITY MUNICIPAL WATER FINANCE AUTH CP Notes Series One 2.35%, 05/01/08 (c) 30,000 30,000
2 SCHWAB NEW YORK AMT TAX-FREE FUND PORTFOLIO HOLDING (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) CP Series 7 2.10%, 04/28/08 6,000 6,000 2.40%, 04/28/08 3,000 3,000 Water & Sewer Sysem RB Fiscal 2005 Series B 2.22%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 Water & Sewer System RB Fiscal 2001 Series D 2.20%, 04/03/08 (a)(c)(d) 4,995 4,995 Water & Sewer System RB Fiscal 2001 Series F1 1.18%, 04/01/08 (a)(c) 4,000 4,000 Water & Sewer System RB Fiscal 2002 & 2003 Series A 2.20%, 04/03/08 (a)(c)(d) 15,000 15,000 Water & Sewer System RB Fiscal 2002 Series G 2.20%, 04/03/08 (a)(b)(c)(d) 18,545 18,545 Water & Sewer System RB Fiscal 2005 Series B 2.19%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 Water & Sewer System RB Fiscal 2005 Series C 2.31%, 04/03/08 (a)(c)(b)(d) 7,140 7,140 Water & Sewer System RB Fiscal 2005 Series D 2.14%, 04/03/08 (a)(c)(d) 15,185 15,185 2.20%, 04/02/08 (a)(c)(d) 4,270 4,270 2.23%, 04/03/08 (a)(c)(d) 4,800 4,800 2.29%, 04/03/08 (a)(c)(d) 1,445 1,445 2.29%, 04/03/08 (a)(c)(d) 2,000 2,000 Water & Sewer System RB Fiscal 2006 Series A 2.14%, 04/03/08 (a)(c)(d) 47,000 47,000 2.20%, 04/03/08 (a)(b)(c)(d) 25,400 25,400 2.22%, 04/03/08 (a)(c)(d) 7,000 7,000 2.23%, 04/03/08 (a)(c)(d) 4,500 4,500 2.29%, 04/03/08 (a)(c)(d) 1,300 1,300 Water & Sewer System RB Fiscal 2006 Series D 2.20%, 04/03/08 (a)(c)(d) 3,480 3,480 2.29%, 04/03/08 (a)(c)(d) 12,025 12,025 Water & Sewer System RB Fiscal 2007 Series CC1 1.00%, 04/01/08 (a)(c) 28,760 28,760 Water & Sewer System RB Fiscal 2007 Series CC2 1.45%, 04/01/08 (a)(c) 25,150 25,150 Water & Sewer System RB Fiscal 2007 Series DD 2.29%, 04/03/08 (a)(c)(d) 1,940 1,940 Water & Sewer System RB Fiscal 2008 Series 2007A 2.22%, 04/03/08 (a)(c)(d) 22,987 22,987 Water & Sewer System RB Fiscal 2008 Series AA 2.22%, 04/03/08 (a)(c)(d) 9,900 9,900 Water & Sewer System RB Fiscal 2008 Series B1 1.80%, 04/03/08 (a)(c) 20,000 20,000 Water & Sewer System RB Fiscal 2008 Series B2 1.20%,04/01/08 (a)(c) 6,500 6,500 Water & Sewer System RB Fiscal 2008 Series B3 1.00%, 04/01/08 (a)(c) 10,700 10,700 Water & Sewer System RB Fiscal 2008 Series B4 2.00%, 04/03/08 (a)(c) 7,000 7,000 Water & Sewer System RB Fiscal 2008 Series BB1 1.25%, 04/01/08 (a)(c) 36,600 36,600 Water & Sewer System RB Fiscal 2008 Series BB3 1.05%, 04/01/08 (a)(c) 7,000 7,000 NEW YORK CITY TRANSITIONAL FINANCE AUTH Building Aid RB Fiscal 2007 Series S1 2.31%, 04/03/08 (a)(b)(c)(d) 18,800 18,800 Building Aid RB Fiscal 2007 Series S2 2.29%, 04/03/08 (a)(b)(c)(d) 7,785 7,785 Future Tax Secured Bonds Fiscal 1999 Series A 2.24%, 04/03/08 (a)(c)(d) 4,970 4,970 Future Tax Secured Bonds Fiscal 2000 Series C 2.20%, 04/03/08 (a)(c)(d) 14,545 14,545 Future Tax Secured Bonds Fiscal 2001 Series B 1.15%, 04/01/08 (a)(c) 18,200 18,200 Future Tax Secured Bonds Fiscal 2002 Series B 2.19%, 04/03/08 (a)(b)(c)(d) 12,585 12,585 Future Tax Secured Bonds Fiscal 2003 Series E 2.69%, 04/03/08 (a)(b)(c)(d) 4,630 4,630 Future Tax Secured Bonds Fiscal 2004 Series B & C & Fiscal 2003 Series E 2.29%, 04/03/08 (a)(c)(d) 6,105 6,105 Future Tax Secured Refunding Bonds Fiscal 2005 Series A 2.29%, 04/03/08 (a)(c)(d) 6,300 6,300 Future Tax Secured Subordinate Bonds Fiscal 2007 Series B 2.22%, 04/03/08 (a)(c)(d) 5,000 5,000 Future Tax Secured Subordinate Bonds Fiscal 2007 Series B 2.14%, 04/03/08 (a)(c)(d) 3,900 3,900 Future Tax Secured Subordinate Bonds Fiscal 2007 Series C1 2.29%, 04/03/08 (a)(c)(d) 3,765 3,765 Future Tax Secured Subordinate Bonds Fiscal 2008 Series B 2.22%, 04/03/08 (a)(c)(d) 5,000 5,000 Recovery Bonds Fiscal 2003 Series 2A 1.15%, 04/01/08 (a)(c) 9,820 9,820
3 SCHWAB NEW YORK AMT TAX-FREE FUND PORTFOLIO HOLDING (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Recovery Bonds Fiscal 2003 Series 3B 1.36%, 04/01/08 (a)(c) 2,500 2,500 Recovery Bonds Fiscal 2003 Series 3H 1.20%, 04/01/08 (a)(c) 47,015 47,015 NEW YORK LIBERTY DEVELOPMENT CORP RB (Goldman Sachs Headquarters) Series 2005 2.14%, 04/03/08 (a)(c)(d) 52,460 52,460 2.23%, 04/03/08 (a)(c)(d) 9,300 9,300 2.27%, 04/03/08 (a)(c)(d) 16,115 16,115 NEW YORK STATE DORMITORY AUTH Court Facilities Lease RB (New York City) Series 2005A 2.20%, 04/03/08 (a)(b)(c)(d) 17,590 17,590 Insured RB (Mt Sinai School of Medicine) Series 1994A 3.01%, 04/03/08 (a)(b)(c)(d) 2,900 2,900 Personal Income Tax RB Series 2005B 2.71%, 04/03/08 (a)(b)(c)(d) 11,305 11,305 Personal Income Tax RB Series 2005F & 2006A 2.29%, 04/03/08 (a)(c)(d) 9,240 9,240 Personal Income Tax RB Series 2006C 2.22%, 04/03/08 (a)(c)(d) 14,000 14,000 Personal Income Tax RB Series 2006D 2.22%, 04/03/08 (a)(c)(d) 7,900 7,900 RB (1989 Resolution) Series 2000 2.52%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 RB (Columbia University) Series 2006A 2.17%, 04/02/08 (a)(c)(d) 5,970 5,970 RB (Memorial Sloan-Kettering Cancer Center) Series 2006-2 2.14%, 04/03/08 (a)(c)(d) 27,160 27,160 RB (New York Foundling Charitable Corp) Series 1997 1.87%, 04/02/08 (a)(b) 9,175 9,175 RB (Park Ridge Hospital Inc) Series 2005 2.21%, 04/03/08 (a)(b) 1,000 1,000 RB (Rockefeller Univ) Series 2008A 1.70%, 04/03/08 (a) 9,000 9,000 RB (Royal Charter Properties-East) Series 2006A 1.93%, 04/02/08 (a)(b) 41,690 41,690 RB (State University Educational Facilities) Series 2000B 2.24%, 04/03/08 (a)(b)(c)(d) 47,030 47,030 RB (Univ of Rochester) Series 2006A1 2.75%, 04/02/08 (a)(b)(c) 31,760 31,760 State Personal Income Tax RB Series 2005F 2.14%, 04/03/08 (a)(c)(d) 6,690 6,690 State Personal Income Tax RB Series 2006C 2.14%, 04/03/08 (a)(c)(d) 14,057 14,057 2.14%, 04/03/08 (a)(c)(d) 2,995 2,995 State Personal Income Tax RB Series 2006D 2.23%, 04/03/08 (a)(c)(d) 5,500 5,500 State Personal Income Tax RB Series 2007A 2.24%, 04/03/08 (a)(c)(d) 5,220 5,220 2.29%, 04/03/08 (a)(c)(d) 2,065 2,065 State Personal Income Tax Refunding RB Series 2005B 2.20%, 04/03/08 (a)(b)(c)(d) 13,545 13,545 NEW YORK STATE ENERGY RESEARCH & DEVELOPMENT AUTH Facilities RB (Consolidated Edison Company of New York Inc) Series 2005A3 1.85%, 04/02/08 (a)(b) 3,000 3,000 NEW YORK STATE ENVIRONMENTAL FACILITIES CORP State Clean Water & Drinking Water Revolving Funds RB Series 2002B 2.23%, 04/03/08 (a)(c)(d) 24,750 24,750 2.29%, 04/03/08 (a)(c)(d) 8,750 8,750 State Clean Water & Drinking Water Revolving Funds RB Series 2007A 2.14%, 04/03/08 (a)(c)(d) 7,500 7,500 State Personal Income Tax RB Series 2008A 2.29%, 04/03/08 (a)(c)(d) 3,360 3,360 NEW YORK STATE GO GO Bonds Series 2000B 2.80%, 07/02/08 (b) 15,920 15,920 NEW YORK STATE HFA Housing RB (100 Maiden Lane) Series 2004A 1.00%, 04/02/08 (a)(b) 2,500 2,500 2.27%, 04/02/08 (a)(b) 13,000 13,000 Housing RB (North End Avenue) Series 2004A 2.10%, 04/02/08 (a)(b) 17,800 17,800 Service Contract Refunding RB Series 2003I 2.10%, 04/02/08 (a)(b) 5,000 5,000 NEW YORK STATE LOCAL ASSISTANCE CORP Refunding RB Series 1993C 2.27%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 Subordinate Lien Refunding Bonds Series 2003-A-6V 1.70%, 04/02/08 (a)(b)(c) 1,500 1,500 Subordinate Lien Refunding Bonds Series 2003A-5V 1.70%, 04/02/08 (a)(b)(c) 2,500 2,500 NEW YORK STATE POWER AUTH CP Series 1 0.80%, 05/05/08 (c) 20,725 20,725 2.62%, 04/08/08 (c) 38,583 38,583 2.68%, 04/04/08 28,407 28,407 RB Series 2007A 2.28%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 NEW YORK STATE THRUWAY AUTH General RB Series F 2.31%, 04/03/08 (a)(b)(c)(d) 15,420 15,420
4 SCHWAB NEW YORK AMT TAX-FREE FUND PORTFOLIO HOLDING (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) General RB Series G 2.26%, 04/03/08 (a)(b)(c)(d) 8,415 8,415 2.29%, 04/03/08 (a)(b)(c)(d) 1,665 1,665 General RB Series H 2.27%, 04/03/08 (a)(b)(c)(d) 8,865 8,865 Highway & Bridge Trust Fund Bonds Series 2002B 1.25%, 04/01/08 (b) 13,220 13,220 Personal Income Tax RB Series 2007A 2.29%, 04/03/08 (a)(c)(d) 9,385 9,385 Second General Highway & Bridge Trust Fund Bonds Series 2005B 4.00%, 04/03/08 (a)(b)(c)(d) 3,500 3,500 Second General Highway & Bridge Trust Fund Bonds Series 2007B 2.14%, 04/03/08 (a)(c)(d) 2,010 2,010 State Personal Income Tax RB Series 2007A 2.24%, 04/03/08 (a)(c)(d) 8,200 8,200 NEW YORK STATE TOBACCO SETTLEMENT FINANCING CORP Asset-Backed RB (State Contingency Contract) Series 2003A1C 2.31%, 04/03/08 (a)(b)(c)(d) 15,900 15,900 NEW YORK STATE URBAN DEVELOPMENT CORP State Personal Income Tax RB Series 2008A1 2.14%, 04/03/08 (a)(c)(d) 3,950 3,950 NORTH BABYLON UNION FREE SD TAN 3.62%, 06/26/08 2,000 2,004 ONTARIO CNTY IDA Civic Facility RB (CHF-Finger Lakes LLC) Series 2006A 2.19%, 04/03/08 (a)(b) 6,000 6,000 OTSEGO CNTY INDUSTRIAL DEVELOPMENT AGENCY RB(Mary Imogene Bassett Hospital) Series 2007A 2.24%, 04/03/08 (a)(b) 4,375 4,375 PLAINVIEW-OLD BETHPAGE CENTRAL SD TAN 2007-2008 Taxes 3.71%, 06/30/08 7,000 7,009 PORT AUTH OF NEW YORK & NEW JERSEY Consolidated Bonds 140th Series 2.25%, 04/03/08 (a)(b)(c)(d) 7,485 7,485 Consolidated Bonds 144th Series 2.23%, 04/03/08 (a)(c)(d) 4,000 4,000 2.29%, 04/03/08 (a)(c)(d) 2,400 2,400 Consolidated Bonds 148th Series 2.24%, 04/03/08 (a)(b)(c)(d) 31,350 31,350 Consolidated Bonds 149th Series 2.29%, 04/03/08 (a)(c)(d) 1,000 1,000 CP Series B 1.40%, 04/08/08 (c) 5,375 5,375 2.65%, 04/09/08 (c) 16,100 16,100 SACHEM CENTRAL SD TAN 2007-2008 3.62%, 06/26/08 43,000 43,086 SALES TAX ASSET RECEIVABLE CORP RB Fiscal 2005 Series A 2.71%, 04/03/08 (a)(b)(c)(d) 6,400 6,400 SARATOGA CNTY INDUSTRIAL DEVELOPMENT AGENCY RB (Saratoga Hospital Obligated Group) Series 2007A 2.22%, 04/03/08 (a)(b) 3,945 3,945 SOUTH HUNTINGTON UNION FREE SD TAN 2007-2008 3.47%, 06/30/08 15,000 15,019 ST LAWRENCE CNTY IDA Civic Facility Refunding RB (Claxton-Hepburn Medical Center) Series 2006 2.22%, 04/03/08 (a)(b) 3,860 3,860 SUFFOLK CNTY WATER AUTH Water System RB Series 1992C 2.25%, 04/02/08 (a)(b)(c)(d) 6,660 6,660 SYRACUSE INDUSTRIAL DEVELOPMENT AGENCY Civic Facility RB (Syracuse Univ) Series 2008A2 1.03%, 04/01/08 (a)(b) 8,000 8,000 TRIBOROUGH BRIDGE & TUNNEL AUTH General RB Series 2001A 2.31%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 General Refunding RB Series 2002B 2.20%, 04/03/08 (a)(c)(d) 14,000 14,000 2.23%, 04/03/08 (a)(c)(d) 9,995 9,995 2.30%, 04/02/08 (a)(b)(c)(d) 8,910 8,910 General Refunding RB Series 2005B2 1.98%, 04/03/08 (a)(c) 1,000 1,000 Subordinate Refunding RB (MTA Bridges and Tunnels) Series 2000AB 1.92%, 04/02/08 (a)(b)(c) 10,880 10,880 TROY IDA Civic Facility RB (Rensselaer Polytechnic Institute) Series 2008A 1.70%, 04/03/08 (a)(b) 8,000 8,000 Civic Facility RB (Rensselaer Polytechnic Institute) Series 2008B 2.05%, 04/03/08 (a)(b) 10,000 10,000 WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY Mortgage RB (Kendal on Hudson) Series 2007 1.97%, 04/03/08 (a)(b) 17,850 17,850 WILLIAM FLOYD UNION FREE SD TAN 2007-2008 3.70%, 06/30/08 50,500 50,566 -------------- 2,816,318
5 SCHWAB NEW YORK AMT TAX-FREE FUND PORTFOLIO HOLDING (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) PUERTO RICO 5.0% - -------------------------------------------------------------------------------- PUERTO RICO Public Improvement Bonds Series 2001A 2.21%, 04/03/08 (a)(b)(c)(d) 1,235 1,235 Public Improvement Refunding Bonds Series 2001 2.24%, 04/03/08 (a)(b)(c)(d) 29,495 29,495 Public Improvement Refunding Bonds Series 2007A2 2.05%, 04/03/08 (a)(b)(c) 2,000 2,000 TRAN Series 2008 3.40%, 07/30/08 (b) 15,000 15,041 PUERTO RICO ELECTRIC POWER AUTH Power RB Series HH 2.21%, 04/03/08 (a)(b)(c)(d) 5,695 5,695 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Transportation RB Series L 2.24%, 04/03/08 (a)(b)(c)(d) 20,700 20,700 Transportation Refunding RB Series 2005L 4.00%, 04/03/08 (a)(b)(c)(d) 18,000 18,000 Transportation Refunding RB Series N 2.22%, 04/03/08 (a)(b)(c)(d) 17,300 17,300 PUERTO RICO PUBLIC BUILDINGS AUTH Government Facilities Refunding RB Series M3 2.80%, 04/03/08 (a)(b)(c) 37,500 37,500 PUERTO RICO SALES TAX FINANCING CORP Sales Tax RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 10,860 10,860 -------------- 157,826 -------------- TOTAL MUNICIPAL SECURITIES (COST $2,974,144) 2,974,144 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $2,974,144. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $1,375,229 or 43.1% of net assets. BAN - Bond anticipation note GO - General obligation HFA - Housing finance agency IDA - Industrial development authority IDRB - Industrial development revenue bond RB - Revenue bond SD - School district TAN - Tax anticipation note TRAN - Tax and revenue anticipation note Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURITIES - ---------------- -------------- Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $2,974,144 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $2,974,144
6 The Charles Schwab Family of Funds Schwab New Jersey AMT Tax-Free Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 86.3% MUNICIPAL SECURITIES 688,895 688,895 - -------------------------------------------------------------------------------- 86.3% TOTAL INVESTMENTS 688,895 688,895 13.7% OTHER ASSETS AND LIABILITIES 109,213 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 798,108
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 86.3% OF NET ASSETS NEW JERSEY 63.4% BURLINGTON CNTY BAN Series 2007F 2.83%, 12/26/08 10,000 10,048 BAN Series 2008A 1.95%, 09/02/08 10,000 10,044 CAMDEN CNTY MUNICIPAL UTILITIES AUTH Sewer Refunding RB Series 2006B 3.32%, 07/15/08 (b) 1,225 1,229 ESSEX CNTY IMPROVEMENT AUTH Project Consolidation RB Series 2007 3.75%, 04/02/08 (a)(b)(c)(d) 8,255 8,255 FAIR LAWN BAN Series 2007A 2.92%, 12/18/08 10,000 10,040 GARDEN STATE PRESERVATION TRUST Open Space & Farmland Preservation Bonds Series 2005A 1.88%, 04/02/08 (a)(b)(c)(d) 10,000 10,000 HOPATCONG BAN 3.68%, 08/08/08 12,714 12,739 NEW JERSEY Refunding GO Bonds Series J 3.39%, 07/15/08 2,000 2,009 TRAN Fiscal Series 2008A 3.60%, 06/24/08 10,000 10,020 NEW JERSEY ECONOMIC DEVELOPMENT AUTH Economic Development Bonds (Ranney School) Series 2007 2.05%, 04/03/08 (a)(b) 12,410 12,410 First Mortgage Refunding RB (Winchester Gardens at Homestead) Series 2004B 2.05%, 04/03/08 (a)(b) 6,550 6,550 Motor Vehicle Surcharge RB Series 2004A 2.22%, 04/03/08 (a)(b)(c)(d) 17,240 17,240 2.24%, 04/03/08 (a)(b)(c)(d) 10,020 10,020 RB (Baptist Home Society of New Jersey) Series 2003 2.30%, 04/03/08 (a)(b) 3,410 3,410 RB (Geriatric Services Housing Corp) Series 2001 2.05%, 04/02/08 (a)(b) 665 665 RB (Princeton Day School Inc) Series 2005 2.27%, 04/02/08 (a)(b) 7,300 7,300 RB (Research & Manufacturing Corp of America) Series 2006 2.18%, 04/03/08 (a)(b) 85 85 RB (The Hun School of Princeton) Series 2004 2.09%, 04/03/08 (a)(b) 10,135 10,135 Refunding RB (Crane's Mill) Series 2005B 2.34%, 04/03/08 (a)(b) 11,560 11,560 School Facilities Construction Bonds Series 2006R1 1.05%, 04/01/08 (a)(b) 2,930 2,930 School Facilities Construction Bonds Series 2006R2 1.05%, 04/01/08 (a)(b) 10,280 10,280 School Facilities Construction Bonds Series 2006R3 1.00%, 04/01/08 (a)(b) 2,000 2,000 School Facilities Construction Refunding Bonds Series 2005N1 2.22%, 04/03/08 (a)(b)(c)(d) 16,530 16,530 2.26%, 04/03/08 (a)(b)(c)(d) 10,160 10,160 School RB (Blair Academy) Series 2007 2.03%, 04/03/08 (a)(b) 22,795 22,795 NEW JERSEY EDUCATIONAL FACILITIES AUTH RB (Princeton Univ) Series 2007E 2.22%, 04/03/08 (a)(c)(d) 17,000 17,000 RB (Princeton Univ) Series 2002B 1.25%, 04/01/08 (a) 9,595 9,595 RB (Princeton Univ) Series 2007F 2.22%, 04/03/08 (a)(c)(d) 6,435 6,435 Refunding RB (Montclair State Univ) Series 2006J 2.25%, 04/03/08 (a)(b)(c)(d) 5,580 5,580 2.30%, 04/03/08 (a)(b)(c)(d) 5,980 5,980
1 SCHWAB NEW JERSEY AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) NEW JERSEY ENVIRONMENTAL INFRASTRUCTURE TRUST Environmental Infrastructure Refunding Bonds Series 2007A&B 2.29%, 04/03/08 (a)(c)(d) 690 690 NEW JERSEY HEALTH CARE FACILITIES FINANCING Auth RB (Hospital Capital Asset Financing Program) Series 1985A 2.05%, 04/03/08 (a)(b) 1,125 1,125 RB (Meridian Health System Obligated Group) Series 2003A 2.05%, 04/03/08 (a)(b) 1,200 1,200 RB (Virtua Health) Series 2004 2.03%, 04/03/08 (a)(b) 3,500 3,500 RB Composite Program Series 2004A3 2.17%, 04/03/08 (a)(b) 1,000 1,000 NEW JERSEY SPORTS & EXPOSITION AUTH State Contract Bonds Series 1992C 3.25%, 04/03/08 (a)(b)(c) 2,000 2,000 NEW JERSEY TOBACCO SETTLEMENT FINANCING CORP Tobacco Settlement Asset-Backed Bonds Series 2002 2.23%, 04/03/08 (a)(c)(d) 15,745 15,745 Tobacco Settlement Asset-Backed Bonds Series 2003 2.25%, 04/02/08 (a)(c)(d) 18,000 18,000 NEW JERSEY TRANSIT CORP COP Series 2003A 2.22%, 04/03/08 (a)(b)(c)(d) 14,765 14,765 NEW JERSEY TRANSPORTATION TRUST FUND AUTH Transportation System Bonds Series 2004B 2.22%, 04/03/08 (a)(b)(c)(d) 4,990 4,990 Transportation System Bonds Series 2005B 3.25%, 04/02/08 (a)(b)(c)(d) 7,980 7,980 Transportation System Bonds Series 2005D 2.19%, 04/03/08 (a)(b)(c)(d) 4,395 4,395 2.29%, 04/03/08 (a)(b)(c)(d) 10,630 10,630 Transportation System Bonds Series 2006A 2.21%, 04/03/08 (a)(b)(c)(d) 7,500 7,500 2.21%, 04/03/08 (a)(b)(c)(d) 6,300 6,300 2.22%, 04/03/08 (a)(b)(c)(d) 23,100 23,100 Transportation System Bonds Series 2007A 4.00%, 04/03/08 (a)(b)(c)(d) 7,670 7,670 Transportation System Capital Appreciation Bonds Series 2006C 2.27%, 04/03/08 (a)(b)(c)(d) 6,820 6,820 2.28%, 04/03/08 (a)(b)(c)(d) 2,600 2,600 2.79%, 04/03/08 (a)(b)(c)(d) 9,410 9,410 NEW JERSEY TURNPIKE AUTH RB Series 2000A 2.25%, 04/03/08 (a)(b)(c)(d) 10,985 10,985 RB Series 2004C2 2.22%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 2.25%, 04/03/08 (a)(b)(c)(d) 9,945 9,945 NEWARK HOUSING AUTH Port Auth-Port Newark Marine Terminal Additional Rent- Backed Refunding Bonds (City of Newark Redevelopment) Series 2007 2.26%, 04/03/08 (a)(b)(c)(d) 1,260 1,260 NORTH BERGEN TOWNSHIP BAN 3.66%, 05/15/08 7,000 7,005 PRINCETON BAN 2.90%, 01/08/09 6,000 6,049 RUTGERS STATE UNIV GO Refunding Bonds Series 2002A 0.75%, 04/01/08 (a)(c) 9,950 9,950 TOWNSHIP OF MONTGOMERY BAN 2.65%, 01/16/09 13,500 13,536 UNIV OF MEDICINE & DENTISTRY Bonds Series 2002B 5.00%, 04/03/08 (a)(b)(c) 28,000 28,000 VERONA TOWNSHIP BAN 3.10%, 06/05/08 5,962 5,969 -------------- 506,163 NEW YORK 15.3% - -------------------------------------------------------------------------------- PORT AUTH OF NEW YORK & NEW JERSEY CP Series B 0.95%, 05/07/08 (c) 5,745 5,745 1.40%, 04/08/08 (c) 17,275 17,275 2.10%, 06/09/08 (c) 7,495 7,495 2.35%, 05/05/08 (c) 5,000 5,000 2.65%, 04/09/08 (c) 9,265 9,265 Consolidated Bonds 85th Series 2.28%, 04/03/08 (a)(c)(d) 6,795 6,795 Consolidated Bonds 135th Series 2.20%, 04/03/08 (a)(c)(d) 19,900 19,900 Consolidated Bonds 140th Series 2.25%, 04/03/08 (a)(b)(c)(d) 19,680 19,680 Consolidated Bonds 144th Series 2.23%, 04/03/08 (a)(c)(d) 11,000 11,000 2.29%, 04/03/08 (a)(c)(d) 2,000 2,000 Consolidated Bonds 148th Series 2.24%, 04/03/08 (a)(b)(c)(d) 16,000 16,000 Consolidated Bonds 149th Series 2.29%, 04/03/08 (a)(c)(d) 1,630 1,630 -------------- 121,785 PUERTO RICO 7.6% - -------------------------------------------------------------------------------- PUERTO RICO GO Public Improvement Refunding Bonds Series 2007A4 1.10%, 04/01/08 (a)(b)(c) 600 600
2 SCHWAB NEW JERSEY AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Public Improvement Bonds Series 2001A 2.17%, 04/03/08 (a)(b)(c)(d) 16,905 16,905 TRAN Series 2008 3.40%, 07/30/08 (b) 10,000 10,027 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Transportation RB Series 2000B 3.98%, 04/02/08 (a)(b)(c)(d) 4,920 4,920 Transportation RB Series L 2.24%, 04/03/08 (a)(b)(c)(d) 5,295 5,295 Transportation Refunding RB Series N 2.22%, 04/03/08 (a)(b)(c)(d) 4,200 4,200 PUERTO RICO PUBLIC BUILDINGS AUTH Government Facilities Refunding RB Series M3 2.80%, 04/03/08 (a)(b)(c) 19,000 19,000 -------------- 60,947 -------------- TOTAL MUNICIPAL SECURITIES (COST $688,895) 688,895 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $688,895. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $379,310 or 47.5% of net assets. BAN - Bond anticipation note COP - Certificate of participation GO - General obligation RB - Revenue bond TRAN - Tax and revenue anticipation note Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $688,895 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $688,895
3 The Charles Schwab Family of Funds Schwab Pennsylvania Municipal Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 99.1% MUNICIPAL SECURITIES 510,591 510,591 - -------------------------------------------------------------------------------- 99.1% TOTAL INVESTMENTS 510,591 510,591 0.9% OTHER ASSETS AND LIABILITIES 4,628 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 515,219
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 99.1% OF NET ASSETS PENNSYLVANIA 94.9% - -------------------------------------------------------------------------------- ABINGTON SD GO Bonds Series 2007 2.23%, 04/03/08 (a)(b)(c)(d) 6,800 6,800 ALLEGHENY CNTY HOSPITAL DEVELOPMENT AUTH RB (UPMC) Series 2005B 2.35%, 04/15/08 (e) 6,750 6,750 RB (UPMC) Series 2007A2 2.23%, 04/03/08 (a)(c)(d) 4,000 4,000 RB (UPMC) Series 2007B2 2.27%, 04/03/08 (a)(c)(d) 9,000 9,000 RB (UPMC) Series 2007D 2.23%, 04/03/08 (a)(c)(d) 1,000 1,000 ALLEGHENY CNTY PORT AUTH Grant Anticipation Notes Series 2007 3.68%, 06/30/08 (b) 5,200 5,207 BEAVER CNTY IDA Pollution Control Refunding RB (FirstEnergy Nuclear Generation Corp) Series 2006A 1.15%, 04/01/08 (a)(b) 1,000 1,000 CENTRAL BUCKS SD GO Bonds Series 2008 2.24%, 04/03/08 (a)(c)(d) 12,425 12,425 CHESTER CNTY IDA Student Housing RB (West Chester Univ of Pennsylvania) Series 2008A 2.25%, 04/01/08 (a)(b) 8,000 8,000 CUMBERLAND CNTY MUNICIPAL AUTH RB (Diakon Lutheran Social Ministries) Series 2007B 2.00%, 04/03/08 (a)(b) 11,850 11,850 RB (Messiah Village) Series 2008B 2.15%, 04/03/08 (a)(b) 8,000 8,000 RB (LSN/TLS Obligated Group Project) Series 2003D 2.00%, 04/03/08 (a)(b) 4,205 4,205 DAUPHIN CNTY GO Bonds Series 2008 2.15%, 04/03/08 (a)(c) 5,620 5,620 DAUPHIN CNTY GENERAL AUTH RB (Education & Health Loan) Series 1997 8.00%, 04/03/08 (a)(b)(c) 2,000 2,000 RB (Hyatt Regency Pittsburgh International Airport Hotel) Series 1988 2.27%, 04/03/08 (a)(b)(c)(d) 25,828 25,828 DELAWARE CNTY IDA Hospital RB (Crozer-Chester Medical Center) Series 2002 2.09%, 04/03/08 (a)(b) 4,595 4,595 RB (YMCA of Philadelphia) Series 1999 2.20%, 04/02/08 (a)(b) 1,335 1,335 DELAWARE RIVER JOINT TOLL BRIDGE COMMISSION Bridge RB Series 2007A 2.58%, 04/03/08 (a)(b)(c)(d) 3,795 3,795 DELAWARE VALLEY REGIONAL FINANCE AUTH Local Government RB Series 1986 1.95%, 04/02/08 (a)(b) 5,000 5,000 Local Government RB Series 1998A 2.24%, 04/03/08 (a)(b)(c)(d) 4,055 4,055 2.27%, 04/03/08 (a)(b)(c)(d) 7,840 7,840 2.31%, 04/03/08 (a)(b)(c)(d) 14,510 14,510 2.71%, 04/03/08 (a)(b)(c)(d) 2,995 2,995 ERIE SD GO Bonds Series 2001A 2.24%, 04/03/08 (a)(b)(c)(d) 5,950 5,950 FRANKLIN CNTY IDA Bonds (Menno Haven) Series 2008 2.20%, 04/03/08 (a)(b) 7,925 7,925 HANOVER PUBLIC SD GO Bonds Series 2005 2.24%, 04/03/08 (a)(b)(c) 4,700 4,700 HARRISBURG AUTH Water Refunding RB Series 2002B 2.26%, 04/03/08 (a)(b)(c) 2,000 2,000 LACKAWANNA CNTY GO Bonds Series 2007B 3.01%, 04/03/08 (a)(b)(c)(d) 2,120 2,120
1 SCHWAB PENNSYLVANIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) LUZERNE CNTY IDA RB (Methodist Homes) Series 2003 2.30%, 04/02/08 (a)(b) 4,025 4,025 MANHEIM TOWNSHIP SD GO Bonds Series 2004 2.23%, 04/03/08 (a)(b)(c) 2,000 2,000 MONROE CNTY HOSPITAL AUTH Hospital RB (Pocono Medical Center) Series 2002B 2.00%, 04/03/08 (a)(b) 7,500 7,500 MONTGOMERY CNTY IDA Environmental Facilities RB (Ionza Inc) Series 2000 2.31%, 04/03/08 (a)(b) 7,000 7,000 Pollution Control Refunding RB (Peco Energy Co) Series 1994A 2.72%, 05/09/08 (b) 13,000 13,000 1.95%, 06/10/08 (b) 10,840 10,840 Pollution Control Refunding RB (Peco Energy Co) Series 1999A 1.90%, 04/02/08 (a)(b) 3,300 3,300 Pollution Control Refunding RB (Peco Energy Co) Series 1996A 1.95%, 06/10/08 (b) 14,000 14,000 MONTGOMERY CNTY REDEVELOPMENT AUTH M/F Housing RB (Brookside Manor Apts) Series 2001A 2.10%, 04/03/08 (a)(b) 3,000 3,000 M/F Housing RB (Kingswood Apts) Series 2001A 2.10%, 04/03/08 (a)(b) 5,375 5,375 MOON IDA First Mortgage RB (Providence Point) Series 2007 2.00%, 04/03/08 (a)(b) 10,000 10,000 PENNSYLVANIA GO Bonds First Series 2007A 2.16%, 04/03/08 (a)(c)(d) 3,115 3,115 GO Bonds First Series 2003 2.23%, 04/03/08 (a)(b)(c)(d) 3,870 3,870 GO Bonds Second Refunding Series 2002 2.93%, 10/01/08 (b) 7,955 8,035 GO Bonds Second Series 2002 2.23%, 04/03/08 (a)(b)(c)(d) 5,195 5,195 GO Bonds Second Series 2007A 2.26%, 04/03/08 (a)(c)(d) 5,000 5,000 GO Bonds Third Refunding Series 2004 2.21%, 04/03/08 (a)(b)(c)(d) 19,889 19,889 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCE AUTH Exempt Facilities RB (Shippingport) Series 2005A 2.17%, 04/02/08 (a)(b) 9,000 9,000 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTH RB (PPL Energy Supply) Series 2007 1.45%, 04/01/08 (a)(b) 5,510 5,510 PENNSYLVANIA ENERGY DEVELOPMENT AUTH RB (B&W Ebensburg) Series 1986 2.14%, 04/02/08 (a)(b) 2,560 2,560 PENNSYLVANIA HFA Residential Development Refunding RB Series 2002A 2.30%, 04/02/08 (a)(c)(d) 6,000 6,000 S/F Mortgage RB Draw Down Series 2003A 2.73%, 06/01/08 (b) 7,043 7,043 S/F Mortgage RB Series 2001-72A 2.51%, 04/03/08 (a)(b)(c)(d) 2,495 2,495 S/F Mortgage RB Series 2002-74B 2.33%, 04/03/08 (a)(c)(d) 7,495 7,495 S/F Mortgage RB Series 2003-97A 2.39%, 04/03/08 (a)(c)(d) 1,610 1,610 S/F Mortgage RB Series 2004-82B 1.90%, 04/02/08 (a)(c) 7,115 7,115 S/F Mortgage RB Series 2004-83B 2.25%, 04/02/08 (a)(c) 1,940 1,940 S/F Mortgage RB Series 2004-83C 2.25%, 04/02/08 (a)(c) 2,400 2,400 S/F Mortgage RB Series 2004-84C 2.15%, 04/02/08 (a)(c) 7,865 7,865 S/F Mortgage RB Series 2004-86C 2.15%, 04/02/08 (a)(c) 100 100 S/F Mortgage RB Series 2005-88B 1.90%, 04/02/08 (a)(c) 1,700 1,700 S/F Mortgage RB Series 2006-95A 2.33%, 04/03/08 (a)(c)(d) 2,600 2,600 S/F Mortgage RB Series 2006-96A 2.33%, 04/03/08 (a)(c)(d) 4,380 4,380 2.39%, 04/03/08 (a)(c)(d) 9,340 9,340 S/F Mortgage RB Series 2007-100A 2.33%, 04/03/08 (a)(c)(d) 1,000 1,000 S/F Mortgage RB Series 2007-99 2.33%, 04/03/08 (a)(c)(d) 2,390 2,390 S/F Mortgage RB Series 2008-101A 2.35%, 03/01/09 2,700 2,700 S/F Mortgage RB Series 2008-101B 2.15%, 03/01/09 3,270 3,270 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTH RB (Thomas Jefferson Univ) Series 2008A 2.05%, 04/03/08 (a)(b) 3,600 3,600 RB (Thomas Jefferson Univ) Series 2008B 2.05%, 04/03/08 (a)(b) 6,000 6,000 PENNSYLVANIA PUBLIC SCHOOL BUILDING AUTH School Lease RB (Philadelphia SD) Series 2003 2.21%, 04/03/08 (a)(b)(c)(d) 4,665 4,665 2.28%, 04/03/08 (a)(b)(c)(d) 7,600 7,600
2 SCHWAB PENNSYLVANIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) PENNSYLVANIA STATE TURNPIKE COMMISSION Registration Fee Refunding RB Series 2005B 1.95%, 04/03/08 (a)(b)(c) 2,500 2,500 PENNSYLVANIA STATE UNIV Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 PHILADELPHIA Airport RB Series 2005A 3.50%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 Airport Refunding RB Series 2005C 2.30%, 04/02/08 (a)(b)(c) 13,700 13,700 Airport Refunding RB Series 2007B 2.30%, 04/03/08 (a)(b)(c)(d) 2,870 2,870 TRAN Series 2007-2008A 3.67%, 06/30/08 5,350 5,361 Water & Wastewater Refunding RB Series 2007A 2.23%, 04/03/08 (a)(b)(c)(d) 4,995 4,995 PHILADELPHIA GAS WORKS RB Seventh Series (1998 General Ordinance) & 19th Series (1975 General Ordinance) 2.23%, 04/03/08 (a)(b)(c)(d) 12,000 12,000 PHILADELPHIA HOSPITAL & HIGHER EDUCATIONAL FACILITIES AUTH Hospital RB (Children's Hospital of Philadelphia) Series 2007A 2.30%, 04/03/08 (a)(c)(d) 4,625 4,625 PHILADELPHIA IDA RB (Fox Chase Cancer Center Obligated Group) Series 2007B 2.29%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 PHILADELPHIA SD GO Refunding Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 1,615 1,615 TRAN Series 2007-2008A 3.72%, 06/27/08 (b) 5,000 5,009 TEMPLE UNIV Univ Funding Obligations Series 2007 3.63%, 04/24/08 5,000 5,002 WILSON SD GO Bonds Series 2007 2.29%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 -------------- 488,704 PUERTO RICO 4.2% - -------------------------------------------------------------------------------- PUERTO RICO GO Public Improvement Refunding Bonds Series 2007A4 1.10%, 04/01/08 (a)(b)(c) 700 700 Public Improvement Refunding Bonds Series 2001 2.24%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 TRAN Series 2008 3.40%, 07/30/08 (b) 10,000 10,027 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Transportation Refunding RB Series N 2.22%, 04/03/08 (a)(b)(c)(d) 1,160 1,160 ------- 21,887 ------- TOTAL MUNICIPAL SECURITIES (COST $510,591) 510,591 -------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $510,591 (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to 241,227 or 46.8% of net assets. (e) Illiquid security. At the period end, the value of these amounted to $6,750 or 1.3% of net assets. GO - General obligation HFA - Housing finance agency IDA - Industrial development authority RB - Revenue bond SD - School district TRAN - Tax and revenue anticipation note Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) 3 SCHWAB PENNSYLVANIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $510,591 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $510,591
4 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB MASSACHUSETTS AMT TAX-FREE MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 97.0% MUNICIPAL SECURITIES 538,220 538,220 - -------------------------------------------------------------------------------- 97.0% TOTAL INVESTMENTS 538,220 538,220 3.0% OTHER ASSETS AND LIABILITIES 16,506 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 554,726
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 97.0% OF NET ASSETS MASSACHUSETTS 84.4% - -------------------------------------------------------------------------------- AMESBURY BAN 3.65%, 08/08/08 7,300 7,315 EDGARTOWN BAN 2.84%, 01/16/09 4,000 4,013 MARLBOROUGH BAN 3.28%, 06/26/08 5,478 5,484 MASSACHUSETTS GO Bonds Consolidated Loan Series 2000C 2.28%, 04/03/08 (a)(c)(d) 1,000 1,000 GO Bonds Consolidated Loan Series 2002D 2.20%, 04/03/08 (a)(b)(c)(d) 9,993 9,994 GO Bonds Consolidated Loan Series 2004A 2.21%, 04/03/08 (a)(b)(c)(d) 1,300 1,300 GO Bonds Consolidated Loan Series 2007A 2.28%, 04/02/08 (a)(c)(d) 7,000 7,000 2.65%, 05/01/37 (b)(c)(d) 9,160 9,160 GO Bonds Consolidated Loan Series 2007C 2.26%, 04/03/08 (a)(b)(c)(d) 20,000 20,000 2.29%, 04/03/08 (a)(b)(c)(d) 1,850 1,850 GO Refunding Bonds Series 1998A 2.05%, 04/03/08 (a)(c) 3,500 3,500 GO Refunding Bonds Series 2004A 2.68%, 08/01/08 2,500 2,519 2.71%, 04/03/08 (a)(b)(c)(d) 3,990 3,990 GO Refunding Bonds Series 2006B 2.20%, 04/03/08 (a)(b)(c)(d) 4,120 4,120 GO Refunding Bonds Series 2006C 3.78%, 04/03/08 (a)(b)(c)(d) 1,465 1,465 GO Refunding Bonds Series 2007A 2.25%, 04/02/08 (a)(c)(d) 4,000 4,000 MASSACHUSETTS BAY TRANSPORTATION AUTH Assessment Bonds Series 2005A 2.23%, 04/03/08 (a)(b)(c)(d) 9,995 9,995 Assessment Bonds Series 2006A 2.22%, 04/03/08 (a)(c)(d) 13,000 13,000 Sr Sales Tax Bonds Series 2004C 2.21%, 04/03/08 (a)(c)(d) 4,215 4,215 2.23%, 04/03/08 (a)(c)(d) 5,685 5,685 Sr Sales Tax Bonds Series 2006A 2.29%, 04/03/08 (a)(c)(d) 2,395 2,395 Sr Sales Tax Bonds Series 2006B 2.25%, 04/02/08 (a)(c)(d) 10,830 10,830 Sr Sales Tax Bonds Series 2007A1 2.21%, 04/03/08 (a)(c)(d) 5,025 5,025 Sr Sales Tax RB Series 2005A 2.22%, 04/03/08 (a)(c)(d) 1,300 1,300 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY RB (Berkshire School) Series 2001 2.29%, 04/03/08 (a)(b) 4,500 4,500 RB (Boston Children's Museum) Series 2006 2.05%, 04/02/08 (a)(b) 9,900 9,900 RB (Fay School) Series 2008 2.21%, 04/03/08 (a)(b) 5,400 5,400 RB (Fessenden School) Series 2001 2.32%, 04/03/08 (a)(b) 2,925 2,925 RB (Gordon College) Series 2002 2.30%, 04/03/08 (a)(b) 2,015 2,015 RB (Sophia Snow Home) Series 2004A 2.05%, 04/02/08 (a)(b) 1,555 1,555 RB (Tabor Academy) Series 2007B 2.30%, 04/02/08 (a)(b) 5,310 5,310 RB (Wentworth Institute of Technology) Series 2000 6.25%, 04/03/08 (a)(b)(c) 1,000 1,000 RB (Worcester Academy) Series 2000 2.30%, 04/03/08 (a)(b) 7,500 7,500 RB (YMCA of Greater Boston) Series 2004A 2.21%, 04/03/08 (a)(b) 1,000 1,000 RB (YMCA of Greater Worcester) Series 2006 2.30%, 04/02/08 (a)(b) 11,545 11,545 MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTH RB (Amherst College) Series H 2.63%, 10/09/08 15,000 15,000 RB (Boston College) Series M2 2.24%, 04/03/08 (a)(c)(d) 6,535 6,535 RB (Boston Home) Series 2002B 2.30%, 04/03/08 (a)(b) 2,500 2,500
1 SCHWAB MASSACHUSETTS AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) RB (Capital Assets Program) Series 1985D 1.55%, 04/02/08 (a)(b)(c) 23,900 23,900 RB (Massachusetts Institute of Technology) Series 2001 J1 1.50%, 04/03/08 (a) 4,500 4,500 RB (Massachusetts Institute of Technology) Series I1 2.23%, 04/03/08 (a)(c)(d) 12,170 12,170 RB (Massachusetts Institute of Technology) Series K 2.24%, 04/03/08 (a)(c)(d) 8,800 8,800 RB (Partners HealthCare System) Series 2003D1 0.95%, 04/02/08 (a) 6,600 6,600 RB (Partners HealthCare System) Series 2003D2 1.90%, 04/03/08 (a) 9,000 9,000 RB (Pool Loan Program) Series N 1.10%, 04/02/08 (a)(b) 4,400 4,400 RB (Sherrill House) Series A1 1.97%, 04/03/08 (a)(b) 5,000 5,000 RB (Tufts Univ) Series 2008N1 1.95%, 04/03/08 (a)(c) 11,000 11,000 RB (Wellesley College) Series 2008I 1.75%, 04/03/08 (a) 3,000 3,000 RB (Worcester City Campus Corp - Univ of Massachusetts) Series 2007 E&F 3.77%, 10/01/14 (b)(c)(d) 2,995 2,995 Revenue Notes (Harvard Univ) Series EE 1.55%, 05/15/08 1,000 1,000 1.85%, 06/04/08 20,500 20,500 2.35%, 04/04/08 5,000 5,000 MASSACHUSETTS IFA RB (New England College of Optometry) Series 1997 2.30%, 04/03/08 (a)(b) 5,950 5,950 MASSACHUSETTS PORT AUTH RB Series 2005 A&C 2.38%, 04/03/08 (a)(b)(c)(d) 6,845 6,845 RB Series 2005A 2.21%, 04/03/08 (a)(b)(c)(d) 5,765 5,765 MASSACHUSETTS SCHOOL BUILDING AUTH CP Series A 1.82%, 06/06/08 (b) 8,250 8,250 1.92%, 06/06/08 (b) 10,000 10,000 2.05%, 07/08/08 (b) 5,000 5,000 Dedicated Sales Tax Bonds Series 2005A 2.25%, 04/03/08 (a)(b)(c)(d) 20,640 20,640 Dedicated Sales Tax Bonds Series 2007A 2.25%, 04/03/08 (a)(b)(c)(d) 12,600 12,600 2.38%, 04/03/08 (a)(b)(c)(d) 1,700 1,700 2.71%, 04/03/08 (a)(b)(c)(d) 2,830 2,830 MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST Pool Program Bonds Series 12 2.21%, 04/03/08 (a)(c)(d) 7,425 7,425 Refunding Bonds Series 2006 2.13%, 04/03/08 (a)(c)(d) 1,990 1,990 MASSACHUSETTS WATER RESOURCES AUTH General RB Series 2007A 2.22%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 General Refunding RB Series 2005B 2.25%, 04/03/08 (a)(b)(c)(d) 9,395 9,395 General Refunding RB Series 2007B 2.21%, 04/03/08 (a)(b)(c)(d) 7,200 7,200 2.26%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 QUINCY BAN Series A 3.68%, 08/01/08 2,393 2,395 SHAWSHEEN VALLEY REGIONAL VOCATIONAL TECHNICAL SD BAN 3.70%, 08/08/08 4,250 4,254 SHREWSBURY BAN Series B 3.29%, 11/21/08 6,100 6,117 SILVER LAKE REGIONAL SD BAN 3.34%, 05/15/08 7,900 7,904 WINCHESTER BAN 3.65%, 07/01/08 1,042 1,043 -------------- 468,008 PUERTO RICO 12.6% - -------------------------------------------------------------------------------- PUERTO RICO Public Improvement Bonds Series 2001A 2.21%, 04/03/08 (a)(b)(c)(d) 2,800 2,800 2.24%, 04/03/08 (a)(b)(c)(d) 11,445 11,445 Public Improvement Refunding Bonds Series 2007A3 1.10%, 04/02/08 (a)(b)(c) 2,900 2,900 TRAN Series 2008 3.40%, 07/30/08 (b) 10,000 10,027 PUERTO RICO ELECTRIC POWER AUTH Power Refunding RB Series UU 2.29%, 04/03/08 (a)(b)(c)(d) 7,200 7,200 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Highway Refunding RB Series CC 2.21%, 04/03/08 (a)(b)(c)(d) 8,895 8,895 Transportation Refunding RB Series 2005L 4.00%, 04/03/08 (a)(b)(c)(d) 23,845 23,845 PUERTO RICO INFRASTRUCTURE FINANCING AUTH Special Obligation Bonds Series 2000A 2.20%, 04/03/08 (a)(c)(d) 100 100
2 SCHWAB MASSACHUSETTS AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) PUERTO RICO SALES TAX FINANCING CORP Sales Tax RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 -------------- 70,212 -------------- TOTAL MUNICIPAL SECURITIES (COST $538,220) 538,220 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $538,220. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $287,499 or 51.8% of net assets. BAN - Bond anticipation note GO - General obligation HFA - Housing finance agency RB - Revenue bond SD - School district TRAN - Tax and revenue anticipation note - -------------------------------------------------------------------------------- Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $538,220 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $538,220
3 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB GOVERNMENT MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 51.7% FEDERAL AGENCY 5,167,996 5,167,996 SECURITIES - -------------------------------------------------------------------------------- 48.5% OTHER INVESTMENTS 4,852,869 4,852,869 - -------------------------------------------------------------------------------- 100.2% TOTAL INVESTMENTS 10,020,865 10,020,865 (0.2)% OTHER ASSETS AND LIABILITIES (15,532) - -------------------------------------------------------------------------------- 100.0% NET ASSETS 10,005,333
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FEDERAL AGENCY SECURITIES 51.7% OF NET ASSETS FIXED-RATE COUPON NOTES 15.0% FANNIE MAE 2.15%, 05/15/08 31,880 32,023 4.20%, 05/19/08 25,000 24,955 2.13%, 08/15/08 19,650 19,727 2.57%, 08/15/08 147,200 147,552 FEDERAL HOME LOAN BANK 5.26%, 04/07/08 24,675 24,672 2.81%, 06/17/08 25,000 25,072 2.14%, 06/18/08 25,000 25,159 2.83%, 07/01/08 92,500 92,500 2.14%, 07/08/08 15,000 15,020 2.31%, 07/15/08 18,550 18,564 4.73%, 07/25/08 29,125 29,159 2.14%, 08/20/08 100,000 101,022 2.15%, 09/03/08 81,430 81,556 2.43%, 09/10/08 100,000 100,000 1.80%, 09/19/08 50,000 50,140 2.18%, 09/24/08 100,000 100,000 1.73%, 09/26/08 75,000 75,000 4.71%, 10/09/08 40,000 39,997 2.14%, 10/27/08 45,000 45,462 2.50%, 11/07/08 40,000 40,792 3.05%, 01/29/09 40,000 40,000 2.72%, 02/20/09 30,000 30,000 2.98%, 02/27/09 25,000 25,000 2.81%, 03/10/09 40,000 40,012 2.83%, 03/10/09 40,000 40,000 2.85%, 03/17/09 50,000 50,000 2.90%, 03/17/09 50,000 50,000 2.52%, 03/24/09 30,000 30,000 FREDDIE MAC 4.12%, 04/15/08 10,000 10,006 3.00%, 03/04/09 75,000 75,000 2.25%, 03/05/09 23,000 23,519 -------------- 1,501,909 FIXED-RATE DISCOUNT NOTES 24.6% - -------------------------------------------------------------------------------- FANNIE MAE 4.15%, 04/02/08 26,922 26,919 4.11%, 04/10/08 177,000 176,820 5.24%, 04/10/08 40,000 39,950 4.25%, 04/18/08 50,000 49,901 2.93%, 04/30/08 10,000 9,977 2.97%, 05/01/08 68,400 68,232 2.98%, 05/01/08 52,348 52,219 2.74%, 05/21/08 79,597 79,296 1.96%, 05/30/08 9,400 9,370 3.50%, 06/12/08 100,000 99,310 1.96%, 06/18/08 23,000 22,903 2.83%, 06/18/08 50,000 49,697 2.10%, 07/01/08 38,000 37,799 2.02%, 08/13/08 50,000 49,628 FEDERAL HOME LOAN BANK 4.15%, 04/02/08 13,123 13,122 4.07%, 04/04/08 46,386 46,370 4.16%, 04/04/08 75,000 74,974 2.96%, 04/25/08 110,000 109,785 2.72%, 05/07/08 50,000 49,865 2.73%, 05/14/08 100,000 99,676 2.74%, 05/21/08 73,268 72,991 4.24%, 05/23/08 40,000 39,760 4.25%, 05/30/08 13,643 13,550 1.79%, 06/18/08 50,000 49,807 2.04%, 06/20/08 200,000 199,098 2.13%, 06/20/08 100,000 99,529 2.13%, 06/25/08 100,000 99,499 2.08%, 12/15/08 50,000 49,265 FREDDIE MAC 2.80%, 05/21/08 10,000 9,961 2.82%, 05/27/08 10,000 9,957 2.21%, 06/09/08 18,868 18,788 2.11%, 06/23/08 157,172 156,411 1.95%, 07/01/08 200,000 199,019 2.24%, 07/02/08 100,000 99,433 1.76%, 08/15/08 75,000 74,504 1.61%, 08/29/08 100,000 99,333 -------------- 2,456,718 VARIABLE-RATE COUPON NOTES 12.1% - -------------------------------------------------------------------------------- FEDERAL FARM CREDIT BANK 2.65%, 04/16/08 50,000 50,000 FEDERAL HOME LOAN BANK 3.06%, 04/06/08 50,000 50,000 4.51%, 04/07/08 50,000 50,044 4.42%, 04/08/08 75,000 75,115 4.34%, 04/09/08 120,000 120,142 4.28%, 04/11/08 25,000 25,032 4.20%, 04/14/08 50,000 50,000
1 SCHWAB GOVERNMENT MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 2.93%, 05/05/08 100,000 100,000 2.87%, 05/18/08 50,000 50,000 2.95%, 05/18/08 100,000 100,033 2.88%, 05/19/08 50,000 49,997 2.89%, 05/20/08 75,000 75,000 2.89%, 05/20/08 50,000 50,000 2.95%, 05/23/08 50,000 49,996 2.87%, 05/27/08 75,000 75,013 2.85%, 06/01/08 50,000 49,993 2.82%, 06/04/08 30,000 30,009 2.85%, 06/04/08 100,000 100,000 2.44%, 06/26/08 45,000 44,998 FREDDIE MAC 2.82%, 04/13/08 14,000 13,997 -------------- 1,209,369 -------------- TOTAL FEDERAL AGENCY SECURITIES (COST $5,167,996) 5,167,996 --------------
MATURITY ISSUER AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) OTHER INVESTMENTS 48.5% OF NET ASSETS REPURCHASE AGREEMENTS 48.5% - -------------------------------------------------------------------------------- BANC OF AMERICA SECURITIES L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $790,500 2.70%, issued 03/31/08, due 04/01/08 500,038 500,000 3.00%, issued 01/31/08, due 04/01/08 75,381 75,000 3.00%, issued 02/01/08, due 04/02/08 50,254 50,000 2.90%, issued 02/01/08, due 04/07/08 50,266 50,000 2.95%, issued 02/07/08, due 04/07/08 50,246 50,000 3.00%, issued 01/30/08, due 04/07/08 50,283 50,000 BARCLAYS CAPITAL, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $1,203,600 2.40%, issued 03/10/08, due 04/07/08 100,187 100,000 2.45%, issued 03/13/08, due 04/07/08 100,170 100,000 2.45%, issued 03/10/08, due 04/07/08 50,095 50,000 2.60%, issued 03/03/08, due 04/07/08 150,379 150,000 2.60%, issued 03/05/08, due 04/07/08 100,238 100,000 2.70%, issued 03/05/08, due 04/07/08 50,124 50,000 2.80%, issued 02/14/08, due 04/07/08 40,165 40,000 2.80%, issued 02/19/08, due 04/07/08 50,187 50,000 2.81%, issued 02/06/08, due 04/07/08 80,381 80,000 2.85%, issued 02/11/08, due 04/07/08 75,333 75,000 2.90%, issued 02/19/08, due 04/07/08 50,193 50,000 2.90%, issued 02/20/08, due 04/07/08 50,189 50,000 2.90%, issued 02/20/08, due 04/07/08 50,189 50,000 2.90%, issued 02/20/08, due 04/07/08 50,189 50,000 2.90%, issued 02/25/08, due 04/07/08 40,135 40,000 2.90%, issued 02/05/08, due 04/07/08 50,250 50,000 4.30%, issued 12/20/07, due 04/07/08 50,651 50,000 4.40%, issued 11/13/08, due 04/07/08 45,803 45,000 CREDIT SUISSE SECURITIES (USA) L.L.C. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $487,437 2.75%, issued 03/31/08, due 04/01/08 22,871 22,869 2.26%, issued 03/13/08, due 04/07/08 50,078 50,000 2.85%, issued 02/15/08, due 04/07/08 30,124 30,000 3.00%, issued 01/30/08, due 04/07/08 100,567 100,000 3.00%, issued 01/29/08, due 04/07/08 150,863 150,000 3.75%, issued 01/17/08, due 04/07/08 75,633 75,000 4.03%, issued 01/07/08, due 04/07/08 50,509 50,000 DEUTCHE BANK SECURITIES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $892,500 2.75%, issued 03/31/08, due 04/01/08 500,038 500,000 4.18%, issued 01/03/08, due 04/03/08 50,528 50,000 3.60%, issued 01/15/08, due 04/07/08 100,830 100,000 3.80%, issued 01/14/08, due 04/07/08 50,443 50,000 3.80%, issued 01/14/08, due 04/07/08 50,443 50,000 3.80%, issued 01/15/08, due 04/07/08 75,657 75,000 3.90%, issued 01/11/08, due 04/07/08 50,471 50,000
2 SCHWAB GOVERNMENT MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $953,700 2.75%, issued 03/31/08, due 04/01/08 250,019 250,000 2.80%, issued 02/27/08, due 04/07/08 40,124 40,000 2.88%, issued 02/21/08, due 04/07/08 45,166 45,000 3.00%, issued 02/04/08, due 04/07/08 75,394 75,000 3.00%, issued 01/28/08, due 04/07/08 150,875 150,000 3.03%, issued 01/24/08, due 04/07/08 75,467 75,000 3.07%, issued 01/25/08, due 04/07/08 75,467 75,000 3.15%, issued 01/25/08, due 04/07/08 75,479 75,000 3.74%, issued 01/18/08, due 04/07/08 100,831 100,000 4.16%, issued 01/02/08, due 04/07/08 50,555 50,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement Collateralized by U.S. Government Securities with a value of $622,214 2.68%, issued 02/29/08, due 04/07/08 100,283 100,000 2.70%, issued 02/26/08, due 04/07/08 100,308 100,000 2.70%, issued 02/27/08, due 04/07/08 100,300 100,000 2.73%, issued 02/28/08, due 04/07/08 60,177 60,000 2.88%, issued 01/31/08, due 04/07/08 50,268 50,000 3.90%, issued 01/09/08, due 04/07/08 50,482 50,000 4.00%, issued 01/07/08, due 04/07/08 50,506 50,000 4.05%, issued 01/07/08, due 04/07/08 50,512 50,000 4.10%, issued 01/04/08, due 04/07/08 50,535 50,000 -------------- 4,852,869 -------------- TOTAL OTHER INVESTMENTS (COST $4,852,869) 4,852,869 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $10,020,865. 3 SCHWAB GOVERNMENT MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $10,020,865 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $10,020,865
4 The Charles Schwab Family of Funds Schwab U.S. Treasury Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 102.3% U.S. GOVERNMENT SECURITIES 14,536,077 14,536,077 - -------------------------------------------------------------------------------- 102.3% TOTAL INVESTMENTS 14,536,077 14,536,077 (2.3)% OTHER ASSETS AND LIABILITIES (330,373) - -------------------------------------------------------------------------------- 100.0% NET ASSETS 14,205,704
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) U.S. GOVERNMENT SECURITIES 102.3% OF NET ASSETS TREASURY NOTES 9.8% - -------------------------------------------------------------------------------- U.S. TREASURY NOTES 4.88%, 04/30/08 330,505 330,758 2.63%, 05/15/08 298,480 298,031 3.75%, 05/15/08 178,260 178,201 5.63%, 05/15/08 100,000 100,163 5.13%, 06/30/08 383,980 387,190 5.00%, 07/31/08 86,215 86,667 4.86%, 08/31/08 14,890 14,978 --------- 1,395,988 U.S. TREASURY BILLS 92.5% - -------------------------------------------------------------------------------- U.S. TREASURY BILLS 0.10%, 04/03/08 35,175 35,175 1.78%, 04/03/08 48,180 48,175 1.93%, 04/03/08 150,000 149,984 1.94%, 04/03/08 50,000 49,995 1.98%, 04/03/08 100,000 99,989 3.22%, 04/03/08 13,645 13,643 3.28%, 04/03/08 75,000 74,986 3.29%, 04/03/08 75,000 74,986 3.31%, 04/03/08 100,000 99,991 0.35%, 04/10/08 50,000 49,996 0.82%, 04/10/08 50,000 49,990 1.60%, 04/10/08 4,435 4,433 3.07%, 04/10/08 98,805 98,730 3.08%, 04/10/08 50,000 49,962 3.18%, 04/10/08 200,000 199,843 3.22%, 04/10/08 50,000 49,960 3.23%, 04/10/08 50,000 49,960 0.40%, 04/15/08 97,405 97,390 0.43%, 04/15/08 100,000 99,983 0.82%, 04/15/08 100,000 99,968 1.25%, 04/15/08 50,000 49,976 2.03%, 04/15/08 50,000 49,961 2.05%, 04/15/08 45,000 44,964 2.30%, 04/15/08 100,000 99,911 2.38%, 04/15/08 100,000 99,908 2.39%, 04/15/08 100,000 99,907 2.40%, 04/15/08 50,000 49,954 2.41%, 04/15/08 20,000 19,981 0.33%, 04/17/08 75,000 74,989 0.65%, 04/17/08 70,000 69,980 0.83%, 04/17/08 150,000 149,945 1.25%, 04/17/08 6,580 6,576 2.23%, 04/17/08 100,000 99,901 2.26%, 04/17/08 100,000 99,900 2.32%, 04/17/08 4,460 4,455 2.35%, 04/17/08 200,000 199,792 2.36%, 04/17/08 150,000 149,843 3.03%, 04/17/08 33,935 33,890 3.11%, 04/17/08 50,000 49,931 1.34%, 04/21/08 75,000 74,944 0.20%, 04/24/08 39,980 39,975 1.63%, 04/24/08 2,510 2,507 2.31%, 04/24/08 375,000 374,449 2.16%, 05/01/08 40,315 40,243 2.29%, 05/01/08 450,000 449,145 2.30%, 05/01/08 150,000 149,714 2.39%, 05/01/08 50,000 49,901 3.19%, 05/01/08 19,870 19,818 1.30%, 05/08/08 50,000 49,933 1.35%, 05/08/08 125,000 124,827 2.19%, 05/08/08 242,280 241,737 0.40%, 05/15/08 140,000 139,932 0.55%, 05/15/08 100,000 99,933 3.15%, 05/15/08 50,000 49,810 0.76%, 05/22/08 40,000 39,957 2.08%, 05/22/08 10,125 10,095 2.19%, 05/22/08 242,020 241,273 2.20%, 05/22/08 31,090 30,994 2.21%, 05/22/08 100,000 99,688 3.04%, 05/22/08 50,000 49,787 3.20%, 05/22/08 50,000 49,776 3.26%, 05/22/08 40,000 39,818 3.27%, 05/22/08 50,000 49,772 3.39%, 05/22/08 50,000 49,764 3.53%, 05/22/08 50,000 49,754 0.64%, 05/29/08 3,895 3,891 2.08%, 05/29/08 160,000 159,466 2.21%, 05/29/08 200,000 199,291 3.02%, 05/29/08 50,000 49,759 3.05%, 05/29/08 11,375 11,320 3.16%, 05/29/08 100,000 99,499 3.23%, 05/29/08 40,000 39,795 3.26%, 05/29/08 50,000 49,741 3.31%, 05/29/08 4,845 4,820 3.42%, 05/29/08 50,000 49,730 3.44%, 05/29/08 150,000 149,183 1.53%, 06/05/08 75,000 74,794
1 SCHWAB U.S. TREASURY MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 1.85%, 06/05/08 350,000 348,836 1.86%, 06/05/08 100,000 99,665 3.16%, 06/05/08 7,975 7,930 3.20%, 06/05/08 50,000 49,716 3.21%, 06/05/08 50,000 49,715 1.10%, 06/12/08 100,000 99,780 1.40%, 06/12/08 200,000 199,442 1.48%, 06/12/08 50,000 49,853 2.17%, 06/12/08 35,440 35,287 2.19%, 06/12/08 45,000 44,805 3.16%, 06/12/08 100,000 99,376 3.20%, 06/12/08 200,000 198,742 3.24%, 06/12/08 100,000 99,362 3.25%, 06/12/08 175,000 173,880 0.80%, 06/19/08 50,000 49,912 1.09%, 06/19/08 100,000 99,762 2.94%, 06/19/08 85,000 84,458 3.04%, 06/19/08 1,775 1,763 3.23%, 06/19/08 300,000 297,906 3.27%, 06/19/08 100,000 99,294 1.05%, 06/26/08 50,000 49,875 1.42%, 06/26/08 5,570 5,551 2.09%, 06/26/08 145,000 144,283 2.44%, 06/26/08 200,000 198,849 1.02%, 07/03/08 50,000 49,868 1.22%, 07/03/08 100,000 99,692 1.33%, 07/03/08 85,000 84,710 1.41%, 07/03/08 100,000 99,646 1.44%, 07/03/08 75,000 74,723 1.45%, 07/03/08 100,000 99,636 1.86%, 07/03/08 50,000 49,761 2.30%, 07/03/08 33,115 32,920 2.35%, 07/03/08 50,000 49,699 3.02%, 07/03/08 14,400 14,289 3.38%, 07/03/08 200,000 198,281 3.44%, 07/03/08 100,000 99,127 3.02%, 07/10/08 125,000 123,966 3.04%, 07/10/08 50,000 49,585 3.10%, 07/10/08 35,000 34,703 3.18%, 07/10/08 50,000 49,565 3.24%, 07/10/08 50,000 49,557 1.01%, 07/17/08 200,000 199,400 1.20%, 07/17/08 50,000 49,823 2.10%, 07/17/08 2,205 2,191 3.02%, 07/17/08 50,000 49,559 3.03%, 07/17/08 250,000 247,786 2.89%, 07/24/08 200,000 198,195 1.08%, 07/31/08 100,000 99,637 1.21%, 07/31/08 225,000 224,092 1.22%, 07/31/08 20,000 19,919 2.36%, 07/31/08 100,000 99,215 1.06%, 08/07/08 100,000 99,623 1.19%, 08/07/08 100,000 99,580 1.27%, 08/07/08 75,000 74,664 1.18%, 08/14/08 50,000 49,781 1.20%, 08/14/08 200,000 199,107 1.43%, 08/14/08 65,000 64,654 1.22%, 08/21/08 100,000 99,523 1.71%, 08/21/08 45,365 45,062 1.25%, 08/28/08 100,000 99,487 1.47%, 08/28/08 50,000 49,697 1.13%, 09/04/08 75,000 74,636 1.60%, 09/04/08 50,000 49,657 1.62%, 09/04/08 50,000 49,652 1.06%, 09/11/08 200,000 199,049 1.57%, 09/11/08 50,000 49,638 1.59%, 09/11/08 75,000 74,463 1.61%, 09/11/08 50,000 49,647 1.61%, 09/11/08 50,000 49,638 1.52%, 09/25/08 50,000 49,630 1.56%, 09/25/08 75,000 74,430 1.51%, 10/02/08 41,460 41,146 -------------- 13,140,089 -------------- TOTAL U.S. GOVERNMENT SECURITIES (COST $14,536,077) 14,536,077 --------------
END OF INVESTMENTS. (All dollar amounts are in x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $14,536,077. Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value: 2 SCHWAB U.S. TREASURY MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $14,536,077 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $14,536,077
3 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB VALUE ADVANTAGE MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 84.4% FIXED-RATE OBLIGATIONS 54,362,344 54,362,344 8.3% VARIABLE-RATE OBLIGATIONS 5,367,705 5,367,705 7.8% OTHER INVESTMENTS 4,993,975 4,993,975 - -------------------------------------------------------------------------------- 100.5% TOTAL INVESTMENTS 64,724,024 64,724,024 (0.5)% OTHER ASSETS AND LIABILITIES (353,512) - -------------------------------------------------------------------------------- 100.0% NET ASSETS 64,370,512
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FIXED-RATE OBLIGATIONS 84.4% OF NET ASSETS BANK NOTES 1.8% - -------------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.95%, 07/18/08 868,000 868,000 2.68%, 08/08/08 75,000 75,000 2.51%, 09/23/08 183,000 183,000 -------------- 1,126,000 CERTIFICATES OF DEPOSIT 38.9% - -------------------------------------------------------------------------------- ABN AMRO BANK N.V. 3.07%, 05/08/08 598,000 598,000 3.00%, 06/13/08 10,000 10,000 3.01%, 06/23/08 75,000 75,000 3.00%, 07/22/08 149,000 149,000 3.04%, 07/25/08 186,000 186,000 2.39%, 08/19/08 24,000 24,000 ALLIANCE & LEICESTER PLC 5.32%, 04/18/08 7,000 7,000 ALLIED IRISH BANK PLC 4.80%, 04/28/08 74,000 74,000 4.73%, 04/28/08 153,000 153,000 3.11%, 06/30/08 24,000 24,000 2.72%, 09/09/08 10,000 10,000 AUSTRALIA & NEW ZEALAND BANKING GROUP LTD. 3.00%, 06/04/08 112,000 112,000 2.97%, 06/16/08 124,000 124,000 2.55%, 07/24/08 115,000 115,000 2.65%, 09/10/08 100,000 100,000 2.50%, 09/26/08 160,000 160,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 4.50%, 04/08/08 228,000 228,000 2.97%, 06/16/08 65,000 65,000 3.10%, 06/30/08 83,000 83,000 2.94%, 08/26/08 44,000 44,000 2.65%, 09/02/08 495,000 495,010 2.53%, 09/24/08 60,000 60,000 BANCO SANTANDER S.A. 3.85%, 05/16/08 215,000 215,016 3.10%, 06/23/08 6,000 6,009 4.25%, 07/10/08 550,000 550,003 4.18%, 07/15/08 149,000 149,004 BANK OF IRELAND 5.20%, 04/11/08 123,000 123,000 4.77%, 05/09/08 39,000 39,000 3.79%, 05/20/08 24,000 24,000 BANK OF MONTREAL 3.12%, 05/08/08 100,000 100,000 3.10%, 07/29/08 211,000 211,000 BANK OF SCOTLAND PLC 4.50%, 04/08/08 14,000 14,000 2.98%, 08/29/08 117,000 117,000 3.10%, 10/22/08 48,000 48,104 BANK OF TOKYO MITSUBISHI UFJ LTD. 3.17%, 04/10/08 332,000 332,000 3.10%, 05/07/08 135,000 135,000 4.43%, 05/08/08 65,000 65,000 2.99%, 06/16/08 20,000 20,000 BARCLAYS BANK PLC 5.34%, 04/03/08 152,000 152,000 5.16%, 04/09/08 19,000 19,000 4.87%, 04/09/08 27,000 27,002 5.21%, 04/14/08 137,000 137,000 5.07%, 04/17/08 17,000 17,000 5.10%, 04/17/08 147,000 146,998 5.09%, 04/17/08 30,000 30,000 4.97%, 04/18/08 100,000 100,002 4.89%, 04/18/08 79,250 79,254 4.73%, 04/24/08 12,000 12,000 5.11%, 05/06/08 73,000 73,000 3.90%, 05/14/08 112,000 112,000 3.05%, 06/09/08 37,000 37,000 5.14%, 06/19/08 100,000 100,049 3.70%, 07/22/08 14,000 14,000 3.12%, 07/31/08 65,000 65,000 2.45%, 08/18/08 50,000 50,000 2.75%, 09/10/08 125,000 125,000 2.68%, 09/15/08 215,000 215,000 2.85%, 03/10/09 317,000 317,000 BNP PARIBAS 4.19%, 05/14/08 336,000 336,000 3.80%, 05/19/08 100,000 100,000 3.12%, 05/27/08 50,000 50,000 4.64%, 05/30/08 673,000 673,000 3.00%, 06/05/08 240,000 240,000 2.99%, 06/16/08 53,000 53,001 2.65%, 06/19/08 172,000 172,000
1 Schwab Value Advantage Money Fund PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 2.65%, 06/25/08 100,000 100,000 2.65%, 06/26/08 535,000 535,000 2.57%, 08/07/08 25,000 25,162 2.62%, 10/02/08 271,000 271,000 CALYON 5.38%, 04/11/08 39,000 39,000 3.10%, 06/16/08 105,000 105,190 2.98%, 06/17/08 300,000 300,000 2.95%, 07/18/08 25,000 25,000 2.99%, 07/22/08 12,000 12,000 CANADIAN IMPERIAL BANK OF COMMERCE 5.76%, 05/12/08 32,000 32,000 CITIBANK, N.A. 2.88%, 07/07/08 146,000 146,000 2.73%, 08/13/08 100,000 100,000 2.40%, 08/19/08 150,000 150,000 2.94%, 09/03/08 100,000 100,000 COMMERZBANK AG 4.54%, 04/03/08 8,000 8,000 4.33%, 04/23/08 155,000 155,000 4.24%, 04/23/08 60,000 60,000 COMMONWEALTH BANK OF AUSTRALIA 3.16%, 04/07/08 150,000 150,000 CREDIT AGRICOLE S.A 4.91%, 04/01/08 500,000 500,000 4.83%, 04/02/08 129,000 129,000 5.37%, 04/09/08 31,000 31,000 3.11%, 07/01/08 440,000 440,000 3.70%, 07/22/08 26,000 26,004 CREDIT SUISSE 4.23%, 07/08/08 50,000 50,000 DNB NOR BANK ASA 3.06%, 05/06/08 98,000 98,000 3.00%, 06/04/08 100,000 100,000 3.10%, 06/30/08 73,000 73,000 FORTIS BANK 2.40%, 09/22/08 479,000 479,000 HSBC BANK PLC 4.75%, 04/14/08 370,000 370,001 3.07%, 07/28/08 109,000 109,000 3.10%, 07/31/08 51,000 51,002 ING BANK N.V. 3.21%, 05/02/08 140,000 140,000 2.99%, 06/05/08 412,000 412,000 2.98%, 06/16/08 60,000 60,000 4.56%, 07/09/08 139,000 139,000 3.06%, 07/30/08 115,000 115,000 2.77%, 08/12/08 125,000 125,000 2.73%, 09/17/08 210,000 210,000 INTESA SANPAOLO 4.07%, 04/15/08 400,000 400,000 3.92%, 04/16/08 241,000 241,000 3.88%, 04/22/08 50,000 50,000 3.06%, 05/06/08 56,000 56,000 4.17%, 05/14/08 172,000 172,000 3.84%, 05/19/08 50,000 50,000 2.80%, 06/27/08 200,000 200,000 4.46%, 06/30/08 17,000 17,000 2.66%, 09/02/08 65,000 65,000 2.50%, 09/25/08 45,000 45,000 LLOYDS TSB BANK PLC 3.10%, 06/30/08 75,000 75,000 MITSUBISHI UFJ TRUST & BANKING CORP. 3.15%, 05/07/08 100,000 100,000 4.21%, 05/14/08 8,000 8,000 3.81%, 05/19/08 47,000 47,000 3.12%, 06/09/08 100,000 100,000 MIZUHO CORPORATE BANK LTD. 3.12%, 04/15/08 17,000 17,000 3.85%, 04/22/08 430,000 430,000 3.25%, 04/24/08 473,000 473,000 3.23%, 05/01/08 39,000 39,000 NATIONWIDE BUILDING SOCIETY 5.32%, 05/13/08 100,000 100,000 5.30%, 05/14/08 6,000 6,000 NATIXIS S.A. 4.53%, 04/04/08 10,000 10,000 3.85%, 05/20/08 7,000 7,000 NORDEA BANK FINLAND PLC 2.52%, 12/17/08 25,000 25,000 2.52%, 12/18/08 329,000 329,000 NORINCHUKIN BANK LTD. 3.90%, 04/15/08 22,000 22,000 ROYAL BANK OF SCOTLAND PLC 4.35%, 05/08/08 130,000 130,000 4.92%, 06/06/08 10,000 10,000 2.64%, 09/30/08 218,000 218,000 SKANDINAVISKA ENSKILDA BANKEN AB 5.20%, 04/10/08 47,000 47,000 4.80%, 04/24/08 90,000 90,000 4.90%, 05/23/08 14,000 14,000 4.91%, 05/28/08 188,000 188,000 3.00%, 08/26/08 36,000 36,000 2.50%, 09/23/08 135,000 135,000 SOCIETE GENERALE 5.34%, 04/07/08 56,000 56,000 3.93%, 04/17/08 156,000 156,000 4.96%, 04/17/08 20,000 20,000 4.80%, 06/10/08 10,000 10,000 4.78%, 06/20/08 20,000 20,000 4.81%, 06/24/08 289,000 289,000 4.60%, 07/08/08 50,000 50,000 SUMITOMO MITSUI BANKING CORP. 3.11%, 04/04/08 100,000 100,000 3.13%, 04/08/08 292,000 292,000 3.12%, 04/08/08 140,000 140,000 3.15%, 04/10/08 150,000 150,000 3.16%, 04/10/08 110,000 110,000 3.12%, 04/11/08 165,000 165,000 SUMITOMO TRUST & BANKING CO. 5.40%, 04/11/08 54,000 54,000 4.21%, 05/12/08 50,000 50,000 3.87%, 05/15/08 72,000 72,000 4.81%, 06/20/08 44,000 44,000 3.24%, 06/30/08 44,000 44,000 4.36%, 07/08/08 31,000 31,000 5.12%, 07/14/08 30,000 30,000 3.08%, 07/25/08 50,000 50,000
2 Schwab Value Advantage Money Fund PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SVENSKA HANDELSBANKEN AB 3.03%, 05/05/08 200,000 200,004 SWEDBANK AB 3.22%, 06/30/08 30,000 30,000 TORONTO DOMINION BANK 3.10%, 05/06/08 360,000 360,000 4.45%, 06/16/08 92,000 92,000 4.78%, 06/23/08 300,000 300,000 UBS AG 5.40%, 04/14/08 136,000 136,000 5.35%, 04/15/08 265,000 265,000 4.70%, 05/09/08 130,000 130,000 5.27%, 05/12/08 10,000 10,000 5.28%, 05/13/08 270,000 270,000 3.33%, 05/23/08 205,000 205,000 4.90%, 06/02/08 43,000 43,000 4.27%, 06/09/08 167,000 167,000 3.02%, 06/11/08 450,000 450,000 3.10%, 06/30/08 28,500 28,500 3.08%, 07/11/08 10,000 10,022 UNICREDITO ITALIANO S.P.A. 3.90%, 05/19/08 227,000 227,001 4.93%, 06/04/08 387,000 387,000 4.80%, 06/27/08 200,000 200,000 3.13%, 07/30/08 10,000 10,000 2.74%, 08/11/08 88,000 88,002 UNION BANK OF CALIFORNIA 4.52%, 04/08/08 92,000 92,000 4.45%, 06/18/08 52,000 52,000 3.04%, 07/07/08 54,000 54,000 2.96%, 08/28/08 100,000 100,000 2.71%, 09/10/08 91,000 90,998 WESTPAC BANKING CORP. 5.37%, 04/10/08 76,000 76,000 5.36%, 04/23/08 79,000 78,998 3.10%, 05/06/08 250,000 250,000 2.98%, 08/27/08 245,000 245,000 WILMINGTON TRUST CO. 4.90%, 06/19/08 56,000 56,000 -------------- 25,055,336 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 32.5% - -------------------------------------------------------------------------------- ALPINE SECURITZATION CORP. 3.10%, 04/02/08 (a)(b)(c) 150,000 149,987 2.82%, 04/03/08 (a)(b)(c) 195,000 194,969 3.30%, 04/21/08 (a)(b)(c) 238,000 237,568 AMSTEL FUNDING CORP. 4.44%, 04/11/08 (b)(c) 54,000 53,934 5.16%, 04/15/08 (b)(c) 133,000 132,738 3.02%, 07/02/08 (b)(c) 100,000 99,233 ANGLO IRISH BANK CORP PLC 4.46%, 07/02/08 (c) 20,000 19,777 AQUINAS FUNDING, L.L.C. 5.22%, 04/03/08 (a)(b)(c) 20,732 20,726 ATLANTIC ASSET SECURITIZATION, L.L.C. 3.10%, 04/02/08 (a)(b)(c) 52,000 51,996 3.00%, 04/03/08 (a)(b)(c) 125,000 124,979 2.82%, 04/11/08 (a)(b)(c) 198,900 198,745 2.91%, 04/17/08 (a)(b)(c) 100,000 99,871 3.27%, 04/25/08 (a)(b)(c) 194,000 193,580 3.27%, 04/29/08 (a)(b)(c) 15,000 14,962 3.00%, 05/01/08 (a)(b)(c) 45,000 44,888 2.82%, 06/26/08 (a)(b)(c) 50,000 49,666 ATLANTIS ONE FUNDING CORP. 5.11%, 04/21/08 (b)(c) 3,000 2,992 4.78%, 05/08/08 (b)(c) 42,000 41,798 3.18%, 05/28/08 (b)(c) 60,000 59,701 3.12%, 06/06/08 (b)(c) 200,000 198,867 2.70%, 06/20/08 (b)(c) 30,000 29,821 2.77%, 06/23/08 (b)(c) 94,090 93,493 2.83%, 06/25/08 (b)(c) 350,000 347,678 BANK OF AMERICA CORP. 4.70%, 05/05/08 224,000 223,028 3.00%, 05/29/08 500,000 497,599 3.01%, 05/29/08 200,000 199,037 3.02%, 05/30/08 450,000 447,795 2.99%, 07/28/08 300,000 297,096 2.83%, 08/26/08 600,000 593,160 BANK OF IRELAND 4.33%, 05/12/08 (c) 15,000 14,927 3.90%, 05/16/08 (c) 27,000 26,870 3.11%, 07/01/08 (c) 116,000 115,100 2.91%, 07/08/08 (c) 65,000 64,490 3.07%, 07/24/08 (c) 35,000 34,665 BANK OF SCOTLAND PLC 3.05%, 04/28/08 10,000 9,977 3.26%, 05/29/08 7,000 6,964 BARCLAYS US FUNDING CORP. 3.05%, 08/25/08 (a) 88,000 86,928 CANCARA ASSET SECURITIZATION, L.L.C. 4.21%, 04/11/08 (a)(b)(c) 75,000 74,913 4.21%, 04/14/08 (a)(b)(c) 13,000 12,980 3.58%, 04/15/08 (a)(b)(c) 30,000 29,959 3.99%, 04/16/08 (a)(b)(c) 55,000 54,909 3.92%, 04/24/08 (a)(b)(c) 169,750 169,329 3.30%, 04/30/08 (a)(b)(c) 6,000 5,984 3.14%, 05/05/08 (a)(b)(c) 24,000 23,929 3.18%, 05/21/08 (a)(b)(c) 10,000 9,956 2.74%, 06/17/08 (a)(b)(c) 7,000 6,959 2.70%, 06/17/08 (a)(b)(c) 55,000 54,685 2.82%, 06/17/08 (a)(b)(c) 180,000 178,922 2.70%, 06/20/08 (a)(b)(c) 63,000 62,625 3.20%, 07/23/08 (a)(b)(c) 78,000 77,229 CATHOLIC HEALTH INITIATIVE SERIES A 3.10%, 06/11/08 (a) 48,337 48,337 CHARIOT FUNDING, L.L.C. 5.06%, 04/17/08 (a)(b)(c) 100,760 100,537 CITIGROUP FUNDING, INC 3.13%, 05/29/08 (a) 100,000 99,501 3.01%, 06/05/08 (a) 110,000 109,408 3.08%, 06/18/08 (a) 15,000 14,901 3.01%, 07/08/08 (a) 87,000 86,294 2.95%, 07/11/08 (a) 110,000 109,098 2.95%, 07/14/08 (a) 100,000 99,156 2.70%, 07/22/08 (a) 43,000 42,641 3.12%, 07/25/08 (a) 168,000 166,347 3.12%, 07/29/08 (a) 250,000 247,455
3 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) CLIPPER RECEIVABLES CO., L.L.C. 4.50%, 04/04/08 (a)(b)(c) 250,000 249,907 DNB NOR BANK ASA 4.51%, 04/09/08 160,000 159,841 5.05%, 04/15/08 54,000 53,897 2.53%, 12/15/08 159,000 156,168 FAIRWAY FINANCE CO., L.L.C. 3.28%, 04/24/08 (a)(b)(c) 87,000 86,819 FALCON ASSET SECURITIZATION CORP. 5.06%, 04/17/08 (a)(b)(c) 37,164 37,082 3.53%, 04/23/08 (a)(b)(c) 21,000 20,955 GEMINI SECURITIZATION CORP., L.L.C. 3.31%, 04/01/08 (a)(b)(c) 158,000 158,000 3.31%, 04/02/08 (a)(b)(c) 25,000 24,998 3.08%, 04/10/08 (a)(b)(c) 130,000 129,900 3.08%, 04/11/08 (a)(b)(c) 50,000 49,957 4.20%, 04/14/08 (a)(b)(c) 45,499 45,431 3.92%, 04/14/08 (a)(b)(c) 50,500 50,429 3.92%, 04/16/08 (a)(b)(c) 22,000 21,964 3.99%, 04/16/08 (a)(b)(c) 50,000 49,918 3.94%, 04/17/08 (a)(b)(c) 40,000 39,931 3.92%, 04/17/08 (a)(b)(c) 30,000 29,948 2.91%, 04/17/08 (a)(b)(c) 8,000 7,990 3.99%, 04/18/08 (a)(b)(c) 50,534 50,440 3.53%, 04/22/08 (a)(b)(c) 138,000 137,718 GENERAL ELECTRIC CAPITAL CORP. 2.50%, 04/01/08 450,000 450,000 2.25%, 08/14/08 421,000 417,479 2.22%, 08/15/08 250,000 247,922 2.77%, 08/28/08 265,000 262,006 2.20%, 09/16/08 155,000 153,423 GENERAL ELECTRIC CAPITAL SERVICES 2.25%, 08/14/08 84,000 83,298 2.78%, 08/28/08 107,000 105,787 2.20%, 09/16/08 90,000 89,084 GRAMPIAN FUNDING, L.L.C. 5.22%, 04/02/08 (a)(b)(c) 63,000 62,991 5.24%, 04/07/08 (a)(b)(c) 147,000 146,875 5.26%, 04/07/08 (a)(b)(c) 144,000 143,877 5.24%, 04/08/08 (a)(b)(c) 68,500 68,432 3.89%, 04/17/08 (a)(b)(c) 7,000 6,988 5.02%, 04/18/08 (a)(b)(c) 50,000 49,884 4.79%, 04/25/08 (a)(b)(c) 26,000 25,919 3.15%, 05/12/08 (a)(b)(c) 36,000 35,872 GREENWICH CAPITAL HOLDINGS, INC. 4.82%, 06/16/08 (a) 41,000 40,592 4.80%, 06/30/08 (a) 50,000 49,415 4.33%, 07/09/08 (a) 225,000 222,377 ING (U.S.) FUNDING, L.L.C. 2.88%, 07/11/08 (a) 100,000 99,200 J.P. MORGAN CHASE & CO. 2.55%, 04/01/08 150,000 150,000 5.02%, 04/18/08 540,000 538,753 JUPITER SECURTITZATION CORP. 3.30%, 04/24/08 (a)(b)(c) 76,000 75,841 K2 (USA), L.L.C. 5.42%, 07/15/08 (b)(c)(d) 44,000 44,000 KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD. 3.02%, 08/13/08 (a)(c) 25,000 24,723 2.77%, 09/15/08 (a)(c) 70,000 69,114 MONT BLANC CAPITAL CORP. 4.42%, 04/09/08 (a)(b)(c) 161,261 161,104 3.91%, 04/16/08 (a)(b)(c) 60,284 60,187 MORGAN STANLEY 5.17%, 04/07/08 375,000 374,686 5.16%, 04/08/08 54,000 53,947 5.20%, 04/14/08 22,000 21,960 5.21%, 04/22/08 24,000 23,929 4.91%, 04/29/08 67,000 66,750 4.80%, 05/12/08 200,000 198,934 4.84%, 05/12/08 50,000 49,731 NATIONWIDE BUILDING SOCIETY 4.18%, 05/15/08 23,000 22,884 3.85%, 05/16/08 54,000 53,744 3.30%, 05/27/08 9,000 8,954 3.16%, 06/25/08 80,000 79,411 3.07%, 07/29/08 230,000 227,696 2.80%, 09/10/08 150,000 148,137 OLD LINE FUNDING, L.L.C. 2.69%, 05/15/08 (a)(b)(c) 37,835 37,711 3.21%, 05/22/08 (a)(b)(c) 50,000 49,775 PICAROS FUNDING, L.L.C. 5.21%, 04/07/08 (a)(b)(c) 80,000 79,932 5.23%, 04/08/08 (a)(b)(c) 117,000 116,884 3.08%, 07/21/08 (a)(b)(c) 123,000 121,847 RABOBANK USA FINANCIAL CORP. 2.65%, 04/01/08 (a) 240,000 240,000 2.75%, 04/01/08 (a) 700,000 700,000 RANGER FUNDING CO., L.L.C. 5.05%, 04/11/08 (a)(b)(c) 19,000 18,974 5.08%, 04/11/08 (a)(b)(c) 96,766 96,632 5.14%, 04/11/08 (a)(b)(c) 10,362 10,347 5.09%, 04/18/08 (a)(b)(c) 137,673 137,348 RBOS GROUP US 3.01%, 08/26/08 18,000 17,782 2.73%, 09/10/08 100,000 98,787 ROYAL BANK OF SCOTLAND PLC 4.74%, 04/11/08 55,000 54,929 SAN PAOLO IMI U.S. FINANCIAL CO. 4.25%, 05/12/08 (a) 91,000 90,566 3.80%, 05/16/08 (a) 168,000 167,213 SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.68%, 09/12/08 (a) 60,000 59,277 SCALDIS CAPITAL LTD. 4.45%, 04/03/08 (a)(b)(c) 62,000 61,985 3.35%, 04/15/08 (a)(b)(c) 88,000 87,886 3.30%, 04/25/08 (a)(b)(c) 100,000 99,782 3.38%, 04/28/08 (a)(b)(c) 350,000 349,121 3.15%, 05/13/08 (a)(b)(c) 28,000 27,898 2.79%, 06/11/08 (a)(b)(c) 100,000 99,454 3.18%, 06/20/08 (a)(b)(c) 29,000 28,797 2.89%, 06/24/08 (a)(b)(c) 50,000 49,665 SEDNA FINANCE, INC. 5.41%, 06/13/08 (b)(c) 19,000 19,000 SHEFFIELD RECEIVABLES CORP. 3.17%, 04/09/08 (a)(b)(c) 60,000 59,958 3.31%, 04/11/08 (a)(b)(c) 25,000 24,977 SIGMA FINANCE, INC. 5.38%, 04/09/08 (b)(c)(d) 69,000 68,921
4 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SKANDINAVISKA ENSKILDA BANKEN AB 4.86%, 04/21/08 85,000 84,776 3.78%, 06/18/08 34,000 33,726 3.10%, 07/30/08 15,000 14,848 SOCIETE GENERALE NORTH AMERICA, INC. 4.09%, 04/15/08 (a) 20,000 19,969 3.82%, 05/19/08 (a) 77,000 76,613 3.77%, 05/23/08 (a) 89,000 88,522 SOLITAIRE FUNDING, L.L.C. 4.21%, 04/11/08 (a)(b)(c) 24,000 23,972 4.39%, 04/11/08 (a)(b)(c) 31,000 30,963 3.89%, 04/15/08 (a)(b)(c) 14,000 13,979 5.11%, 04/17/08 (a)(b)(c) 9,000 8,980 3.39%, 04/29/08 (a)(b)(c) 190,000 189,503 3.17%, 05/12/08 (a)(b)(c) 20,000 19,928 3.18%, 05/13/08 (a)(b)(c) 200,000 199,265 3.17%, 05/15/08 (a)(b)(c) 14,000 13,946 3.18%, 05/20/08 (a)(b)(c) 81,000 80,653 3.23%, 06/05/08 (a)(b)(c) 8,000 7,954 3.18%, 06/23/08 (a)(b)(c) 93,000 92,325 3.10%, 07/07/08 (a)(b)(c) 59,000 58,512 STADSHYPOTEK DELAWARE, INC. 3.93%, 04/16/08 (a)(c) 50,000 49,919 3.12%, 05/06/08 (a)(c) 50,000 49,849 2.97%, 06/09/08 (a)(c) 55,000 54,690 3.06%, 06/23/08 (a)(c) 43,000 42,700 SVENSKA HANDELSBANKEN, INC. 2.97%, 06/06/08 (a) 400,000 397,840 SWEDBANK AB 4.19%, 05/12/08 25,000 24,882 3.02%, 06/23/08 35,000 34,759 2.70%, 08/27/08 14,000 13,846 2.75%, 09/15/08 288,000 284,379 SWEDBANK MORTGAGE AB 5.22%, 04/10/08 19,000 18,976 4.87%, 06/17/08 18,000 17,817 4.87%, 06/18/08 210,000 207,839 THAMES ASSET GLOBAL SECURTISATION NO. 1, INC. 2.87%, 06/16/08 (a)(b)(c) 22,862 22,724 2.77%, 07/07/08 (a)(b)(c) 10,000 9,926 THE GOLDMAN SACHS GROUP, INC. 3.97%, 05/16/08 175,000 174,143 THUNDER BAY FUNDING, L.L.C. 2.76%, 05/19/08 (a)(b)(c) 24,000 23,912 3.21%, 05/22/08 (a)(b)(c) 59,000 58,734 2.82%, 06/12/08 (a)(b)(c) 26,000 25,854 TULIP FUNDING CORP. 3.15%, 05/07/08 (a)(b)(c) 93,000 92,709 UBS FINANCE (DELAWARE), INC. 5.09%, 04/16/08 (a) 75,000 74,845 4.33%, 05/12/08 (a) 200,000 199,027 3.75%, 06/17/08 (a) 26,000 25,795 5.09%, 07/07/08 (a) 239,000 235,845 UNICREDIT BANK (IRELAND) PLC 4.11%, 05/16/08 (a)(c) 32,000 31,838 3.77%, 05/20/08 (a)(c) 45,000 44,772 3.00%, 06/13/08 (a)(c) 25,000 24,849 4.63%, 07/03/08 (a)(c) 11,000 10,871 VARIABLE FUNDING CAPITAL CORP. 4.81%, 04/14/08 (a)(b)(c) 50,000 49,915 WESTPAC SECURITIES NZ LTD. 4.10%, 04/21/08 (a)(c) 50,000 49,888 2.74%, 09/11/08 (a)(c) 136,000 134,337 2.53%, 12/15/08 (a)(c) 30,000 29,467 WHISTLEJACKET CAPITAL, L.L.C. 3.07%, 03/20/08 (b)(c)(d)(e) 19,000 19,000 3.10%, 03/25/08 (b)(c)(d)(e) 54,000 54,000 2.78%, 04/15/08 (b)(c)(d)(e) 42,000 42,000 3.08%, 05/02/08 (b)(c)(d)(e) 30,000 29,999 3.03%, 05/19/08 (b)(c)(d)(e) 9,000 9,000 5.42%, 06/16/08 (b)(c)(d)(e) 34,000 34,000 3.96%, 07/17/08 (b)(c)(d)(e) 50,000 49,997 3.13%, 08/06/08 (b)(c)(d)(e) 60,000 59,996 3.09%, 08/11/08 (b)(c)(d)(e) 150,000 149,997 YORKTOWN CAPITAL, L.L.C. 3.01%, 04/04/08 (a)(b)(c) 113,381 113,353 -------------- 20,955,029 FIXED-RATE COUPON NOTES 0.1% - -------------------------------------------------------------------------------- FANNIE MAE 2.70%, 05/15/08 37,000 37,147 FEDERAL HOME LOAN BANK 2.71%, 04/29/08 30,000 30,039 -------------- 67,186 FIXED-RATE DISCOUNT NOTES 11.1% - -------------------------------------------------------------------------------- FANNIE MAE 2.96%, 04/09/08 47,000 46,969 2.96%, 04/21/08 66,317 66,209 2.96%, 04/23/08 42,860 42,783 2.73%, 04/23/08 90,405 90,255 2.93%, 04/30/08 449,000 447,947 2.98%, 05/01/08 45,000 44,889 2.13%, 05/14/08 17,500 17,456 2.73%, 05/14/08 175,000 174,433 2.51%, 05/27/08 7,500 7,471 2.11%, 06/04/08 22,000 21,918 2.09%, 06/18/08 95,120 94,691 FEDERAL FARM CREDIT BANK 2.30%, 04/07/08 100,000 99,962 FEDERAL HOME LOAN BANK 2.71%, 04/02/08 224,000 223,983 2.14%, 04/09/08 312,000 311,852 2.73%, 04/16/08 155,647 155,471 1.76%, 04/17/08 118,321 118,228 2.10%, 04/18/08 436,000 435,568 1.76%, 04/18/08 200,000 199,834 2.92%, 04/23/08 58,000 57,897 1.76%, 04/24/08 180,000 179,798 2.96%, 04/25/08 444,000 443,131 2.72%, 05/07/08 194,000 193,476 2.69%, 05/07/08 190,000 189,493 2.03%, 05/23/08 130,000 129,621 2.13%, 05/30/08 51,190 51,012 2.10%, 06/13/08 34,865 34,717 2.13%, 06/20/08 50,000 49,764 2.13%, 06/25/08 490,000 487,547 2.83%, 06/30/08 58,000 57,594
5 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FREDDIE MAC 2.96%, 04/21/08 87,775 87,632 2.74%, 04/30/08 18,000 17,960 2.09%, 05/05/08 8,000 7,984 2.51%, 05/05/08 7,419 7,401 2.47%, 05/09/08 155,543 155,140 2.46%, 05/16/08 368,000 366,873 2.80%, 05/21/08 577,000 574,772 2.82%, 05/27/08 550,000 547,609 2.21%, 06/09/08 327,000 325,623 2.83%, 06/13/08 150,000 149,148 2.83%, 06/20/08 50,000 49,689 2.11%, 06/23/08 179,000 178,135 2.11%, 06/30/08 218,000 216,858 -------------- 7,158,793 -------------- TOTAL FIXED-RATE OBLIGATIONS (COST $54,362,344) 54,362,344 -------------- VARIABLE-RATE OBLIGATIONS 8.3% OF NET ASSETS ABBEY NATIONAL TREASURY SERVICES PLC 4.68%, 04/02/08 (a) 50,000 50,023 3.07%, 04/02/08 (a) 238,600 238,473 ANZ NATIONAL (INT'L) LTD 3.31%, 05/27/08 (a) 96,000 96,000 BANCO ESPANOL DE CREDITO S.A 3.98%, 04/18/08 (c) 100,000 100,000 BANK OF IRELAND 2.55%, 04/21/08 (c) 40,000 40,000 BANK OF NEW YORK CO., INC 2.71%, 04/28/08 (c) 50,000 50,000 BNP PARIBAS 3.06%, 04/03/08 (a) 23,000 23,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.61%, 04/23/08 10,000 10,000 COMMONWEALTH BANK OF AUSTRALIA 2.62%, 04/24/08 (c) 50,000 50,000 CREDIT SUISSE 3.85%, 04/23/08 185,000 185,000 DANSKE BANK A/S 2.51%, 04/21/08 100,000 100,000 DANSKE CORP 3.14%, 05/13/08 (a)(c) 215,000 215,000 3.15%, 05/15/08 (a)(c) 135,000 135,000 3.15%, 05/16/08 (a)(c) 150,000 150,000 DEUTSCHE BANK AG 2.98%, 04/14/08 295,000 295,004 2.74%, 04/28/08 285,000 285,004 2.81%, 06/23/08 200,000 200,000 DEVELOPMENT AUTHORITY OF COLUMBUS, GA 2.93%, 04/03/08 (a) 4,635 4,635 DORADA FINANCE, INC 3.04%, 04/07/08 (b)(c) 76,000 75,993 FIVE FINANCE, INC 4.48%, 04/09/08 (b)(c) 54,000 53,994 FORTIS BANK 2.62%, 04/28/08 145,000 144,986 K2 (USA), L.L.C 2.79%, 04/15/08 (b)(c)(d) 35,000 34,998 3.27%, 05/01/08 (b)(c)(d) 9,000 9,000 3.14%, 05/07/08 (b)(c)(d) 80,000 79,994 2.52%, 06/20/08 (b)(c)(d) 277,500 277,505 LIBERTY LIGHTHOUSE U.S. CAPITAL CO., L.L.C 4.69%, 04/02/08 (b)(c)(d) 22,000 22,000 4.47%, 04/10/08 (b)(c)(d) 65,000 64,997 3.03%, 05/15/08 (b)(c)(d) 43,000 42,999 LINKS FINANCE, L.L.C 2.57%, 04/25/08 (b)(c)(d) 20,000 20,000 MERRILL LYNCH & CO., INC 2.96%, 04/15/08 75,000 75,000 2.92%, 04/18/08 150,000 150,000 2.59%, 04/22/08 120,000 120,000 MET LIFE INSURANCE CO. OF CT 2.89%, 04/17/08 (d) 100,000 100,000 3.22%, 04/28/08 (d) 25,000 25,000 MITSUBISHI UFJ TRUST & BANKING CORP. 3.24%, 04/30/08 40,000 40,000 MORGAN STANLEY 3.27%, 04/03/08 140,000 140,000 NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 3.07%, 04/01/08 (a) 4,100 4,100 NORDEA BANK AB 3.05%, 04/09/08 (c) 50,000 50,000 3.02%, 04/11/08 (c) 80,000 80,000 ROYAL BANK OF CANADA 3.06%, 04/04/08 155,000 155,000 3.12%, 04/10/08 40,000 40,000 2.65%, 04/30/08 29,000 28,996 ROYAL BANK OF SCOTLAND PLC 4.66%, 04/08/08 243,000 243,000 4.45%, 04/11/08 (c) 11,000 11,000 2.61%, 04/21/08 (c) 20,000 20,000 SEDNA FINANCE, INC. 3.03%, 04/10/08 (b)(c) 14,000 14,000 3.03%, 05/21/08 (b)(c) 27,000 27,000 SIGMA FINANCE, INC. 4.05%, 04/16/08 (b)(c)(d) 150,000 150,001 SVENSKA HANDELSBANKEN AB 4.47%, 04/07/08 (c) 50,000 50,000 THE GOLDMAN SACHS GROUP, INC. 2.87%, 04/16/08 (c)(d) 210,000 210,000 WACHOVIA BANK, N.A 3.40%, 04/25/08 100,000 100,000 WASHINGTON MUTUAL BANK 3.98%, 04/18/08 50,000 50,001 WELLS FARGO & CO. 2.90%, 04/15/08 (c) 120,000 120,002 WESTPAC BANKING CORP. 2.82%, 04/16/08 (c) 75,000 75,000 3.10%, 05/06/08 (c) 136,000 136,000
6 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) WESTPAC SECURITIES NZ LTD. 3.31%, 05/05/08 (a)(c) 100,000 100,000 -------------- TOTAL VARIABLE-RATE OBLIGATIONS (COST $5,367,705) 5,367,705 -------------- OTHER INVESTMENTS 7.8% OF NET ASSETS REPURCHASE AGREEMENTS 7.8% - -------------------------------------------------------------------------------- BANC OF AMERICA SECURITIES L.L.C. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.70%, fully collateralized by U.S. Government Securities with a value of $234,600. 230,017 230,000 BARCLAYS CAPITAL, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $958,800. 940,065 940,000 CREDIT SUISSE SECURITIES (USA), L.L.C. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $1,505. 1,476 1,475 DEUTSCHE BANK SECURITIES, INC. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.25%, fully collateralized by U.S. Government Securities with a value of $362,100. 355,022 355,000 Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $2,315,400. 2,270,173 2,270,000 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $571,200. 560,043 560,000 MORGAN STANLEY & CO., INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $462,779. 452,532 452,500 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $188,704. 185,013 185,000 -------------- TOTAL OTHER INVESTMENTS (COST $4,993,975) 4,993,975 --------------
END OF INVESTMENTS. (All dollar amounts are in x 1,000) At 12/31/07, the tax basis cost of the fund's investments was $64,724,024. (a) Credit-enhanced security. (b) Asset-backed security. (c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $11,967,784 or 18.6% of net assets. (d) Illiquid security. At the period end, the value of these amounted to $1,597,404 or 2.5% of net assets. (e) Security is in default. This security is currently in the process of being restructured. On February 11, 2008, Whistlejacket Capital LLC (Whistlejacket), a structured investment vehicle ("SIV"), experienced an "enforcement event" that has led to the appointment of a Receiver to manage Whistlejacket's operations. On February 12, 2008, two nationally recognized statistical rating organizations downgraded the ratings of the medium term notes (Notes) issued by Whistlejacket, including the Notes held by the fund. As a result of the downgrade, the Notes are no longer money fund eligible pursuant to Rule 2a-7 of the 1940 Act. As required under Rule 2a-7, the Board of Trustees of the fund met on February 12, 2008 and, based on the recommendation of the fund's investment adviser, determined that it was not in the best interest of the fund to dispose of the Notes at that time. On February 15, 2008, the Security Trustee of Whistlejacket notified the Fund that an insolvency acceleration event had occurred and as a result the Notes were in default. Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) 7 SCHWAB VALUE ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $64,724,024 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $64,724,024
8 The Charles Schwab Family of Funds Schwab Municipal Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 97.0% MUNICIPAL SECURITIES 17,071,774 17,071,774 - -------------------------------------------------------------------------------- 97.0% TOTAL INVESTMENTS 17,071,774 17,071,774 3.0% OTHER ASSETS AND LIABILITIES 521,491 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 17,593,265
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 97.0% OF NET ASSETS ALABAMA 0.9% - -------------------------------------------------------------------------------- ALABAMA GO Series 2007A 2.23%, 04/03/08 (a)(b)(c)(d) 6,275 6,275 ALABAMA HOUSING FINANCE AUTH S/F Mortgage RB Series 2006H 2.47%, 04/03/08 (a) 5,830 5,830 ALABAMA MUNICIPAL FUNDING CORP Municipal Funding Notes Master Series 2006A 2.23%, 04/03/08 (a)(b) 24,090 24,090 ALABAMA SPECIAL CARE FACILITY FINANCE AUTH RB (Ascension Health Sr Credit Group) Series 2006D 2.24%, 04/03/08 (a)(c)(d) 8,000 8,000 BIRMINGHAM PUBLIC EDUCATIONAL BUILDING AUTH Student Housing RB Series 2005A 2.21%, 04/03/08 (a)(b) 6,415 6,415 DECATUR IDB Exempt Facilities Refunding RB (Nucor Steel Decatur) Series 2003A 2.35%, 04/02/08 (a) 17,000 17,000 HOOVER GO Sewer Warrants Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 12,005 12,005 INDIAN SPRINGS VILLAGE RB (Joseph Bruno Montessori Academy) Series 1999 2.53%, 04/02/08 (a)(b) 475 475 JEFFERSON CNTY PUBLIC BUILDING AUTH Lease Revenue Warrants Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 10,290 10,290 LOWER ALABAMA GAS DISTRICT Gas Supply RB Series 2007A 1.80%, 04/03/08 (a)(c) 3,500 3,500 MOBILE BOARD OF WATER & SEWER RB Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 16,170 16,170 MONTGOMERY CNTY PUBLIC BUILDING AUTH Revenue Warrants Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 10,750 10,750 MONTGOMERY DOWNTOWN REDEVELOPMENT AUTH Bonds (Southern Poverty Law Center) Series 2000 2.32%, 04/03/08 (a) 15,000 15,000 ORANGE BEACH Sewer Revenue Warrants Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 2,070 2,070 SCOTTSBORO School Warrants Series 1997 2.23%, 04/03/08 (a)(b) 2,960 2,960 STEVENSON IDB Environmental Improvement RB (Mead Corp) Series 1997 2.16%, 04/02/08 (a)(b) 7,700 7,700 TUSCALOOSA CNTY IDRB (Knight Specialties) Series 1998 2.37%, 04/02/08 (a)(b) 715 715 UNIV OF ALABAMA AT BIRMINGHAM Hospital RB Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 15,975 15,975 -------------- 165,220 ALASKA 0.4% - -------------------------------------------------------------------------------- ALASKA HOUSING FINANCE CORP Collateralized Bonds (Veteran Mortgage Program) First Series 2006A2 2.35%, 04/03/08 (a)(c)(d) 5,500 5,500 General Housing Purpose Bonds Series 2005A 2.27%, 04/03/08 (a)(b)(c)(d) 13,810 13,810 General Mortgage RB Series 2002A 2.24%, 04/03/08 (a)(c)(d) 5,995 5,995 Mortgage RB Series 1999A2 2.39%, 04/03/08 (a)(c)(d) 4,840 4,840 State Capital Project Bonds Series 2006A 3.80%, 07/10/08 (b)(c)(d) 27,795 27,795 VALDEZ Marine Terminal Refunding RB (BP Pipelines Inc) Series 2003A 1.25%, 04/01/08 (a) 4,000 4,000
1 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Marine Terminal Refunding RB (Exxon Pipeline Co) Series 1993A 0.90%, 04/01/08 (a) 1,900 1,900 -------------- 63,840 ARIZONA 1.9% - -------------------------------------------------------------------------------- ARIZONA BOARD OF REGENTS Arizona State Univ System RB Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 10,260 10,260 ARIZONA HEALTH FACILITIES AUTH RB (Banner Health) Series 2007B 2.16%, 04/03/08 (a)(c)(d) 82,170 82,170 ARIZONA SD TAN Series 2007 3.64%, 07/30/08 16,500 16,545 CHANDLER GO Bonds Series 2007 2.27%, 04/03/08 (a)(c)(d) 10,510 10,510 GLENDALE IDA CP Revenue Notes (Midwestern Univ Financing Program) 2.40%, 06/03/08 (b) 15,000 15,000 CP Revenue Notes (Midwestern Univ Financing Program) 2.40%, 06/03/08 (b) 6,000 6,000 MARICOPA CNTY IDA M/F Mortgage Refunding RB (San Fernando Apts) Series 2004 2.15%, 04/03/08 (a)(b) 7,750 7,750 MARICOPA CNTY USD NO. 48 GO Refunding Bonds Series 2007 2.23%, 04/03/08 (a)(c)(d) 19,865 19,865 PHOENIX CIVIC IMPROVEMENT CORP Jr Lien Wastewater System RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 10,365 10,365 Sr Lien Excise Tax Refunding RB Series 2007 2.23%, 04/03/08 (a)(c)(d) 9,858 9,858 Subordinated Excise Tax RB (Airport Improvements) Series 1995 2.20%, 04/02/08 (a)(b) 1,000 1,000 Subordinated Excise Tax RB (Civic Plaza Expansion) Series 2005A 3.21%, 04/03/08 (a)(b)(c)(d) 4,675 4,675 2.27%, 04/03/08 (a)(b)(c)(d) 6,885 6,885 PHOENIX IDA M/F Refunding RB (Paradise Lakes Apts) Series 2007A 2.09%, 04/03/08 (a)(b) 17,500 17,500 M/F Refunding RB (Paradise Lakes Apts) Series 2007B 2.15%, 04/03/08 (a)(b) 16,000 16,000 S/F Mortgage Draw-Down RB Series 2005A 2.26%, 04/03/08 (a)(c)(d) 1,760 1,760 SALT RIVER PIMA-MARICOPA INDIAN COMMUNITY Bonds Series 2005 2.10%, 04/03/08 (a)(b) 62,726 62,726 SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT & POWER DISTRICT Electric System RB Series 2006A 2.16%, 04/03/08 (a)(c)(d) 6,850 6,850 2.24%, 04/03/08 (a)(c)(d) 2,590 2,590 2.29%, 04/03/08 (a)(c)(d) 25,125 25,125 SCOTTSDALE IDA Hospital RB (Scottsdale Healthcare) Series 2006G 2.27%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 SCOTTSDALE MUNICIPAL PROPERTY CORP Excise Tax Refunding RB Series 2006 2.29%, 04/03/08 (a)(c)(d) 4,595 4,595 TEMPE IDA RB (ASUF Brickyard) Series 2004A 2.10%, 04/03/08 (a)(b) 1,885 1,885 -------------- 342,914 ARKANSAS 0.1% - -------------------------------------------------------------------------------- ARKANSAS DEVELOPMENT FINANCE AUTH IDRB (C&C Holding Co) Series 1998 2.25%, 04/03/08 (a)(b) 370 370 INDEPENDENCE CNTY IDRB (Townsends) Series 1996 2.31%, 04/02/08 (a)(b) 9,000 9,000 UNIV OF ARKANSAS BOARD OF TRUSTEES Various Facilities RB (UAMS Campus) Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 14,535 14,535 -------------- 23,905 CALIFORNIA 1.8% - -------------------------------------------------------------------------------- CALIFORNIA RAN 3.37%, 06/30/08 (g) 300,000 300,456 CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK Insured RB (Rand Corp) Series 2002B 1.75%, 04/01/08 (a)(b)(c) 2,895 2,895 CALIFORNIA POLLUTION CONTROL FINANCING AUTH Refunding RB (BP West Coast Products) Series 2008 0.90%, 04/01/08 (a) 2,000 2,000 ELK GROVE FINANCE AUTH, CA Special Tax RB Series 2005 2.24%, 04/03/08 (a)(b)(c)(d) 2,025 2,025 LONG BEACH Harbor RB Series 2002A 2.75%, 04/02/08 (a)(b)(c) 12,000 12,000
2 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) LOS ANGELES M/F Housing RB (Fountain Park Phase II) Series 2000B 2.15%, 04/03/08 (a)(b) 1,000 1,000 -------------- 320,376 COLORADO 4.3% - -------------------------------------------------------------------------------- ARAPAHOE CNTY Refunding IDRB (Denver Jetcenter) Series 1997 3.75%, 04/01/08 (a)(b) 3,500 3,500 ARVADA Water Enterprise RB Series 2001 3.40%, 04/01/08 (a)(b)(c) 3,525 3,525 AURORA First Lien Water Improvement RB Series 2007A 2.71%, 04/03/08 (a)(b)(c)(d) 29,820 29,820 CENTERRA METROPOLITAN DISTRICT NO.1 RB Series 2004 2.30%, 04/03/08 (a)(b) 10,000 10,000 COLORADO General Fund TRAN Series 2007A 3.70%, 06/27/08 25,000 25,031 3.71%, 06/27/08 50,000 50,062 TRAN Series 2007B 2.90%, 08/05/08 60,000 60,010 COLORADO HEALTH FACILITIES AUTH Hospital Refunding RB (NCMC Inc) Series 2005 2.06%, 04/02/08 (a)(b)(c) 5,500 5,500 RB Series 2006A 2.24%, 04/03/08 (a)(c)(d) 19,630 19,630 COLORADO HFA Economic Development RB (Pemracs) Series 2000A 2.53%, 04/03/08 (a)(b) 2,185 2,185 COLORADO SPRINGS UTILITIES SYSTEM Utilities System Improvement & Refunding RB Series 2007B 2.15%, 04/03/08 (a)(c) 3,100 3,100 Utilities System Subordinate Lien Improvement & Refunding RB Series 2006A 2.07%, 04/03/08 (a)(c) 3,500 3,500 DAWSON RIDGE METROPOLITAN DISTRICT NO.1 Limited Tax Refunding Bonds Series 1992A 2.87%, 04/24/08 (a)(c)(d) 9,820 9,820 DENVER CITY & CNTY Airport System RB Series 1992G 2.40%, 04/02/08 (a)(b) 2,000 2,000 Airport System RB Series 2007A 2.30%, 04/03/08 (a)(b)(c)(d) 52,715 52,715 2.34%, 04/03/08 (a)(b)(c)(d) 10,250 10,250 2.66%, 04/03/08 (a)(b)(c)(d) 34,175 34,175 Airport System RB Series 2007D 2.26%, 04/03/08 (a)(b)(c)(d) 7,170 7,170 Airport System RB Series 2007E 2.27%, 04/03/08 (a)(b)(c)(d) 17,180 17,180 Airport System Refunding RB Series 2000B 3.00%, 04/02/08 (a)(b)(c) 196,800 196,800 RB Series 2007A 2.29%, 04/03/08 (a)(b)(c)(d) 33,360 33,360 LOWER COLORADO RIVER AUTH CP Notes Series A 1.60%, 06/05/08 (c) 16,800 16,800 REGIONAL TRANSPORTATION DISTRICT Sales Tax RB (FasTracks) Series 2006A 2.39%, 04/03/08 (a)(b)(c)(d) 31,750 31,750 Sales Tax Refunding RB (FasTracks) Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 27,905 27,905 2.26%, 04/03/08 (a)(b)(c)(d) 16,790 16,790 2.26%, 04/03/08 (a)(b)(c)(d) 16,830 16,830 2.26%, 04/03/08 (a)(b)(c)(d) 18,085 18,085 2.26%, 04/03/08 (a)(b)(c)(d) 29,700 29,700 UNIV OF COLORADO HOSPITAL AUTH RB Series 2006B 2.27%, 04/03/08 (a)(b)(c)(d) 16,500 16,500 WESTMINSTER ECONOMIC DEVELOPMENT AUTH Tax Increment RB (Westminster Plaza) Series 1997A 2.53%, 04/03/08 (a)(b) 5,660 5,660 -------------- 759,353 CONNECTICUT 0.8% - -------------------------------------------------------------------------------- CONNECTICUT HEALTH & EDUCATIONAL FACILITIES AUTH RB (Wesleyan Univ) Series 2001D 2.05%, 04/02/08 (a)(c) 14,000 14,000 RB (Wesleyan Univ) Series 2003E 1.42%, 04/01/08 (a)(c) 6,000 6,000 RB (Yale Univ) Series X2 1.75%, 04/03/08 (a) 19,700 19,700 RB (Yale Univ) Series Z1 2.25%, 04/02/08 (a)(c)(d) 4,600 4,600 2.14%, 04/03/08 (a)(c)(d) 7,210 7,210 2.22%, 04/03/08 (a)(c)(d) 13,175 13,175 2.22%, 04/03/08 (a)(c)(d) 79,200 79,200 CONNECTICUT HFA S/F Mortgage Draw Down RB Series 2004B 2.25%, 04/03/08 (a)(b)(c)(d) 40 40 -------------- 143,925 DELAWARE 0.3% - -------------------------------------------------------------------------------- DELAWARE ECONOMIC DEVELOPMENT AUTH RB (Delaware State Univ) Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 11,990 11,990 DELAWARE HOUSING AUTH Sr S/F Mortgage RB Series 2007D1 2.43%, 04/02/08 (a)(c)(d) 9,975 9,975
3 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 2.33%, 04/03/08 (a)(c)(d) 2,890 2,890 DELAWARE STATE TRANSPORTATION AUTH Transportation System RB Sr Series 2006 2.34%, 04/03/08 (a)(b)(c)(d) 3,170 3,170 NEW CASTLE CNTY M/F Rental Housing RB (Fairfield English Village) Series 2005 2.15%, 04/03/08 (a)(b) 8,500 8,500 SUSSEX CNTY IDRB (Perdue-Agrirecycle) Series 2000 2.19%, 04/02/08 (a)(b) 5,300 5,300 RB (Baywood) Series 1997A 2.38%, 04/02/08 (a)(b) 2,400 2,400 -------------- 44,225 DISTRICT OF COLUMBIA 3.2% - -------------------------------------------------------------------------------- DISTRICT OF COLUMBIA GO Bonds Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 21,435 21,435 GO Bonds Series 2007C 2.27%, 04/03/08 (a)(b)(c)(d) 8,490 8,490 GO Refunding Bonds Series 2005B 2.30%, 04/02/08 (a)(b)(c)(d) 16,230 16,230 Multimodal GO Refunding Bonds Series 2002D 2.95%, 04/02/08 (a)(b)(c) 49,205 49,205 RB (American Psychological Association) Series 2003 2.12%, 04/03/08 (a)(b) 2,560 2,560 RB (Pew Charitable Trusts) Series 2008A 2.14%, 04/03/08 (a)(b) 31,000 31,000 RB (St Coletta Special Education Public Charter School) Series 2005 2.10%, 04/03/08 (a)(b) 4,105 4,105 RB (The Center for Strategic & International Studies) Series 2008 2.14%, 04/03/08 (a)(b) 6,730 6,730 DISTRICT OF COLUMBIA WATER & SEWER AUTH Public Utility Subordinated Lien RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 27,225 27,225 2.26%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 METROPOLITAN WASHINGTON AIRPORTS AUTH Airport System RB Series 2005A 2.42%, 04/01/08 (a)(b)(c)(d) 2,940 2,940 Airport System RB Series 2006B 2.74%, 04/03/08 (a)(b)(c)(d) 34,614 34,614 Airport System RB Series 2007B 2.60%, 04/02/08 (a)(b)(c)(d) 33,260 33,260 2.30%, 04/03/08 (a)(b)(c)(d) 33,875 33,875 Airport System RB Subseries 2003D1 2.15%, 04/03/08 (a)(b) 23,490 23,490 Airport System RB Subseries 2003D2 1.75%, 04/03/08 (a)(b) 35,150 35,150 Airport System Refunding RB Series 1999A & 2003A 2.37%, 04/03/08 (a)(b)(c)(d) 8,195 8,195 Airport System Refunding RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 7,700 7,700 Airport System Revenue CP Series One A&B 2.15%, 04/04/08 (b) 60,000 60,000 Flexible Term PFC Revenue Notes Series C 1.00%, 06/06/08 (b) 30,000 30,000 1.80%, 06/06/08 (b) 15,000 15,000 Flexible Term PFC Revenue Notes Series D 2.03%, 06/06/08 (b) 30,000 30,000 RB Series 2005A 2.43%, 04/02/08 (a)(b)(c)(d) 6,565 6,565 RB Series 2007B 2.26%, 04/03/08 (a)(b)(c)(d) 13,965 13,965 Refunding RB Series 2002C 2.40%, 04/02/08 (a)(b)(c) 1,625 1,625 Refunding RB Series 2004D 2.26%, 04/03/08 (a)(b)(c)(d) 2,355 2,355 NATIONAL CAPITAL REVITALIZATION CORP RB (DC USA Parking Garage) Series 2006 2.36%, 04/03/08 (a)(b)(c)(d) 34,430 34,430 -------------- 555,144 FLORIDA 11.3% - -------------------------------------------------------------------------------- ALACHUA CNTY HEALTH FACILITIES AUTH RB (Shands Hospital) Series 1992R 2.23%, 04/03/08 (a)(b)(c)(d) 60,330 60,330 BREVARD CNTY HFA M/F Housing Refunding RB (Shore View Apts) Series 1995 2.25%, 04/03/08 (a)(b) 1,900 1,900 M/F Housing RB (Timber Trace Apts) Series 2007 2.35%, 04/02/08 (a)(b) 13,600 13,600 BROWARD CNTY HFA M/F Housing RB (Sawgrass Pines Apts) Series 1993A 2.35%, 04/03/08 (a)(b) 11,000 11,000 BROWARD CNTY SD COP Series 2004D 2.05%, 04/03/08 (a)(b)(c) 11,000 11,000 School Board COP Series 2005B 2.10%, 04/03/08 (a)(b)(c) 6,780 6,780 CHARLOTTE CNTY HFA M/F Housing RB (Murdock Circle Apts) Series 2000 2.37%, 04/02/08 (a)(b) 3,200 3,200 CITIZENS PROPERTY INSURANCE CORP High-Risk Account Sr Secured Refunding Bonds Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 30,000 30,000 COLLIER CNTY IDRB (Ave Maria Utility Co) Series 2005 2.19%, 04/02/08 (a)(b) 10,000 10,000
4 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) COLLIER CNTY HFA M/F Housing RB (Brittany Bay Apts) Series 2001A 2.15%, 04/02/08 (a)(b) 3,800 3,800 DADE CNTY IDA IDRB (South Florida Stadium Corp) Series 1985C 1.94%, 04/02/08 (a)(b) 1,050 1,050 DUVAL CNTY SCHOOL BOARD, FL COP (Master Lease Program) Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 16,240 16,240 ESCAMBIA HFA S/F Mortgage RB Series 2001A 2.27%, 04/03/08 (a)(b)(c)(d) 1,945 1,945 S/F Mortgage RB Series 2002A1 2.27%, 04/03/08 (a)(c)(d) 3,075 3,075 FLORIDA BOARD OF EDUCATION Capital Outlay Bonds Series 1999C 2.21%, 04/03/08 (a)(c)(d) 17,740 17,740 Capital Outlay Bonds Series 2003C 2.31%, 04/03/08 (a)(b)(c)(d) 5,600 5,600 Capital Outlay Bonds Series 2006B 2.24%, 04/03/08 (a)(b)(c)(d) 54,195 54,195 2.29%, 04/03/08 (a)(c)(d) 2,550 2,550 Capital Outlay Bonds Series 2006C 2.24%, 04/03/08 (a)(c)(d) 33,546 33,546 FLORIDA DEPT OF ENVIRONMENTAL PROTECTION RB (Florida Forever) Series 2003A 2.23%, 04/03/08 (a)(b)(c)(d) 20,120 20,120 Refunding RB (Preservation 2000) Series 1997B 2.71%, 04/03/08 (a)(b)(c)(d) 14,937 14,937 FLORIDA DEPT OF MANAGEMENT SERVICES Florida Facilities Pool RB Series 2007A 2.41%, 04/03/08 (a)(b)(c)(d) 21,715 21,715 FLORIDA DEPT OF TRANSPORTATION Turnpike RB Series 2000A 2.29%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 Turnpike RB Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 2.34%, 04/03/08 (a)(b)(c)(d) 7,110 7,110 Turnpike RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 41,800 41,800 Turnpike RB Series 2008A 2.29%, 04/03/08 (a)(c)(d) 4,000 4,000 FLORIDA DEVELOPMENT FINANCE CORP IDRB (Schmitt Family Partnership) Series 1999A2 2.24%, 04/02/08 (a)(b) 1,500 1,500 IDRB (Sunshine State Christian Homes) Series 1999A3 2.14%, 04/02/08 (a)(b) 980 980 IDRB Enterprise Bond Program (Pioneer-Ram) Series 1998A3 2.24%, 04/02/08 (a)(b) 680 680 FLORIDA HFA Homeowner Mortgage RB Series 20064 2.33%, 04/03/08 (a)(c)(d) 9,010 9,010 Homeowner Mortgage RB Series 20072 2.35%, 04/03/08 (a)(c)(d) 13,900 13,900 Housing RB (Caribbean Key Apts) Series 1996F 2.35%, 04/02/08 (a)(b) 300 300 M/F Housing RB (Cameron Cove Apts) Series 1985XX 2.22%, 04/02/08 (a)(b) 400 400 M/F Mortgage RB (Clarcona Groves Apts) Series 2005A 2.15%, 04/02/08 (a)(b) 4,250 4,250 M/F Mortgage RB (Lynn Lake Apts) Series 2005B1 2.27%, 04/03/08 (a)(b) 20,315 20,315 M/F Mortgage RB (Pinnacle Pointe Apts) Series 2003N 2.15%, 04/02/08 (a)(b) 2,335 2,335 M/F Mortgage RB (Wexford Apts) Series 2003P 2.15%, 04/02/08 (a)(b) 7,840 7,840 RB (Timberline Apts) Series 1999P 2.30%, 04/02/08 (a)(b) 5,935 5,935 FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTH RB (Jacksonville Univ) Series 2006 2.10%, 04/03/08 (a)(b) 7,000 7,000 RB Series 2003 (St Thomas Univ Project) 1.25%, 04/01/08 (a)(b) 1,135 1,135 FLORIDA HOUSING FINANCE CORP Homeowner Mortgage RB Series 2006- 4 & 2007-3 2.32%, 04/03/08 (a)(c)(d) 7,440 7,440 M/F Mortgage RB (Boynton Bay Apts) Series 2007I 2.35%, 04/03/08 (a)(b) 17,690 17,690 FLORIDA HURRICANE CATASTROPHE FUND FINANCE CORP RB 2.39%, 04/03/08 (a)(b)(c)(d) 32,035 32,035 FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION Pooled TECP Series 1994A 0.90%, 07/10/08 (b) 16,098 16,098 GAINESVILLE IDRB (Lifesouth Community Blood Centers) Series 1999 2.09%, 04/02/08 (a)(b) 4,715 4,715 GAINESVILLE UTILITY SYSTEM RB Series 2005C 1.25%, 04/01/08 (a)(c) 20,535 20,535 RB Series 2008B 2.00%, 04/02/08 (a)(c) 7,330 7,330
5 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) GREATER ORLANDO AVIATION AUTH Airport Facilities Refunding RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 33,590 33,590 HILLSBOROUGH CNTY AVIATION AUTH RB (Tampa International Airport) Series 2003A 2.26%, 04/03/08 (a)(b)(c)(d) 5,495 5,495 HILLSBOROUGH CNTY EDUCATIONAL FACILITIES AUTH RB (Univ of Tampa) Series 2000 2.15%, 04/03/08 (a)(b) 4,900 4,900 HILLSBOROUGH CNTY HFA M/F Housing RB (Claymore Crossing Apts) Series 2005 2.35%, 04/02/08 (a)(b) 1,000 1,000 M/F Housing RB (Lake Kathy Apts) Series 2005 2.38%, 04/03/08 (a)(b) 5,000 5,000 HILLSBOROUGH CNTY IDA Educational Facilities RB (Berkeley Preparatory School) Series 1999 2.09%, 04/02/08 (a)(b) 4,135 4,135 RB (Independent Day School) Series 2000 2.15%, 04/03/08 (a)(b) 600 600 HILLSBOROUGH CNTY PORT DISTRICT Refunding RB (Tampa Port Auth) Series 2005A 2.31%, 04/03/08 (a)(b)(c)(d) 1 1 HILLSBOROUGH CNTY SD Sales Tax Refunding RB Series 2007 2.28%, 04/03/08 (a)(b)(c)(d) 14,365 14,365 JACKSONVILLE ECONOMIC DEVELOPMENT COMMISSION Educational Facilities RB (Episcopal High School) Series 2002 2.10%, 04/02/08 (a)(b) 5,000 5,000 RB (Bolles School) Series 1999A 2.15%, 04/03/08 (a)(b) 1,200 1,200 Refunding RB (YMCA of Florida First Coast) Series 2003 2.10%, 04/03/08 (a)(b) 4,540 4,540 Special Facility Airport RB (Holland Sheltair Aviation Group) Series 2004A1 2.20%, 04/03/08 (a)(b) 3,740 3,740 JACKSONVILLE HEALTH FACILITIES AUTH Hospital RB Series 2003A 1.25%, 04/01/08 (a)(b) 1,600 1,600 RB (River Garden/The Coves) Series 1994 2.15%, 04/03/08 (a)(b) 2,870 2,870 JACKSONVILLE HFA M/F Housing Refunding RB (St Augustine Apts) Series 2006 2.30%, 04/02/08 (a)(b) 3,300 3,300 JEA Electric System RB Series Three 2008B1 2.07%, 04/03/08 (a)(c) 17,000 17,000 Electric System RB Series Three 2008B2 2.07%, 04/03/08 (a)(c) 15,100 15,100 Electric System RB Series Three 2008C1 1.99%, 04/03/08 (a)(c) 15,000 15,000 Electric System RB Series Three 2008C2 1.99%, 04/03/08 (a)(c) 15,000 15,000 Electric System RB Series Three 2008C3 1.99%, 04/03/08 (a)(c) 11,405 11,405 Electric System Subordinated RB Series 2008B 1.99%, 04/03/08 (a)(c) 52,475 52,475 Water & Sewer System RB Series 2008B1 2.07%, 04/02/08 (a)(c) 10,200 10,200 LAKE SHORE HOSPITAL AUTH Health Facility RB (Lake Shore Hospital) Series 1991 2.09%, 04/03/08 (a)(b) 2,700 2,700 MANATEE CNTY HFA M/F Housing RB (La Mirada Gardens) Series 2002A 2.33%, 04/03/08 (a)(b) 4,000 4,000 M/F Housing RB (Sabal Palm Harbor Apts) Series 2000A 2.37%, 04/02/08 (a)(b) 4,200 4,200 MIAMI Special Obligation Bonds (Street & Sidewalk Improvement Program) Series 2007 2.95%, 04/02/08 (a)(b)(c)(d) 5,000 5,000 MIAMI-DADE CNTY Airport RB (Hub of the Americas) Series 2007A 2.30%, 04/03/08 (a)(b)(c)(d) 59,490 59,490 Aviation RB (Miami International Airport) Series 2007A 2.30%, 04/03/08 (a)(b)(c)(d) 7,625 7,625 2.67%, 04/03/08 (a)(b)(c)(d) 44,140 44,140 Aviation TECP (Miami International Airport) Series A 1.95%, 06/04/08 (b) 7,051 7,051 0.90%, 06/04/08 (b) 13,555 13,555 2.05%, 06/04/08 (b) 13,500 13,500 GO Bonds Series 2005 4.05%, 04/03/08 (a)(b)(c)(d) 17,030 17,030 Refunding RB Series 2007C 2.35%, 04/02/08 (a)(b)(c)(d) 12,000 12,000 2.43%, 04/02/08 (a)(b)(c)(d) 6,395 6,395 2.24%, 04/03/08 (a)(b)(c)(d) 9,500 9,500 Refunding RB Series 2007C&D 2.29%, 04/03/08 (a)(b)(c)(d) 37,065 37,065
6 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Solid Waste System RB Series 2005 2.59%, 04/03/08 (a)(b)(c)(d) 5,380 5,380 2.59%, 04/03/08 (a)(b)(c)(d) 5,370 5,370 MIAMI-DADE CNTY IDA IDRB (Airbus Service Co) Series 1998A 2.19%, 04/03/08 (a)(b) 80 80 IDRB (Tarmac America) Series 2004 2.20%, 04/03/08 (a)(b) 12,600 12,600 RB (Gulliver Schools) Series 2000 2.12%, 04/03/08 (a)(b) 3,600 3,600 MIAMI-DADE CNTY SD TAN Series 2007 3.40%, 10/03/08 45,000 45,132 OCEAN HIGHWAY & PORT AUTH RB Series 1990 2.35%, 04/02/08 (a)(b) 8,700 8,700 OKEECHOBEE CNTY Exempt Facility RB (Okeechobee Landfill) Series 1999 2.18%, 04/03/08 (a)(b) 15,000 15,000 ORANGE CNTY HEALTH FACILITIES AUTH RB (Presbyterian Retirement Communities) Series 2006A 2.25%, 04/03/08 (a)(b) 32,195 32,195 RB (Presbyterian Retirement Communities) Series 2006B 2.25%, 04/03/08 (a)(b) 23,830 23,830 Refunding Program RB (Pooled Hospital Loan) Series 1985 1.98%, 06/16/08 (b) 19,000 19,000 ORANGE CNTY HFA M/F Housing RB (Alta Westgate Apts) Series 2005C 2.30%, 04/02/08 (a)(b) 6,920 6,920 ORANGE CNTY IDA IDRB (Central Florida YMCA) Series 2002A 2.12%, 04/03/08 (a)(b) 3,850 3,850 IDRB (Central Florida YMCA) Series 2005 2.10%, 04/03/08 (a)(b) 5,120 5,120 ORANGE CNTY SCHOOL BOARD COP Series 2000B 2.35%, 04/01/08 (a)(b)(c) 4,500 4,500 COP Series 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 26,350 26,350 ORLANDO UTILITIES COMMISSION Water & Electric RB Series 2002B 2.09%, 04/02/08 (a)(c) 22,300 22,300 ORLANDO-ORANGE CNTY EXPRESSWAY AUTH RB Series 2007A 2.20%, 04/03/08 (a)(b)(c)(d) 28,730 28,730 RB Series 2005A2 3.75%, 04/03/08 (a)(b)(c) 40,000 40,000 RB Series 2005B1 2.10%, 04/03/08 (a)(b)(c) 34,515 34,515 RB Series 2007A 2.28%, 04/03/08 (a)(b)(c)(d)(g) 50,000 50,000 2.28%, 04/03/08 (a)(b)(c)(d) 20,000 20,000 PALM BEACH CNTY Airport RB (Galaxy Aviation) Series 2000A 2.20%, 04/02/08 (a)(b) 7,190 7,190 RB (Norton Gallery & School of Art) Series 1995 2.15%, 04/02/08 (a)(b) 2,500 2,500 PALM BEACH CNTY HFA M/F Housing Refunding RB (Emerald Bay Club Apts) Series 2004 2.24%, 04/03/08 (a)(b) 7,000 7,000 M/F Housing Refunding RB (Spinnaker Landing Apts) Series 1998 2.15%, 04/03/08 (a)(b) 2,545 2,545 PALM BEACH CNTY SCHOOL BOARD Refunding COP Series 2007C 2.24%, 04/03/08 (a)(b)(c)(d) 15,710 15,710 TAN Series 2007 3.44%, 09/24/08 50,000 50,132 PALM COAST Utility System RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 2,160 2,160 PINELLAS CNTY HEALTH FACILITIES AUTH Hospital Facilities Refunding RB (Bayfront Hospital) Series 2004 1.25%, 04/01/08 (a)(b) 3,775 3,775 PINELLAS CNTY HFA M/F Housing RB (Greenwood Apts) Series 2002A 2.20%, 04/03/08 (a)(b) 3,440 3,440 PINELLAS CNTY INDUSTRY COUNCIL RB (Operation Par) Series 1999 2.20%, 04/03/08 (a)(b) 3,420 3,420 POLK CNTY IDA IDRB (Winter Haven Hospital) Series 2005A 1.25%, 04/01/08 (a)(b) 5,000 5,000 IDRB (Winter Haven Hospital) Series 2005B 1.25%, 04/01/08 (a)(b) 5,000 5,000 IDRB (Winter Haven Hospital) Series 2006 1.25%, 04/01/08 (a)(b) 5,000 5,000 SARASOTA CNTY RB (Sarasota Family YMCA) Series 1999 2.13%, 04/03/08 (a)(b) 440 440 SARASOTA CNTY PUBLIC HOSPITAL BOARD RB (Sarasota Memorial Hospital) Series 2003A 1.40%, 04/01/08 (a)(b)(c) 74,300 74,300 RB (Sarasota Memorial Hospital) Series 2007A 1.40%, 04/01/08 (a)(b)(c) 41,950 41,950 SEMINOLE CNTY IDA IDRB (Amrhein Family LP) Series 2001 2.19%, 04/02/08 (a)(b) 3,795 3,795
7 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SOUTH FLORIDA WATER MANAGEMENT DISTRICT COP Series 2006 2.39%, 04/03/08 (a)(b)(c)(d) 22,145 22,145 SOUTH MIAMI HEALTH FACILITIES AUTH Hospital RB (Baptist Health South Florida Obligated Group) Series 2007 2.29%, 04/03/08 (a)(c)(d) 1,550 1,550 2.29%, 04/03/08 (a)(c)(d) 47,245 47,245 ST JOHNS CNTY Water & Sewer Refunding RB Series 2006 2.23%, 04/03/08 (a)(b)(c)(d) 10,995 10,995 SUNSHINE STATE GOVERNMENT FINANCING COMMISSION RB Series 1986 4.10%, 04/01/08 (a)(b)(c) 73,900 73,900 TALLAHASSEE Energy System RB Series 2007 2.28%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 2.28%, 04/03/08 (a)(b)(c)(d) 24,750 24,750 TALLAHASSEE CONSOLIDATED UTILITY SYSTEMS Utility Systems RB Series 2007 2.24%, 04/03/08 (a)(c)(d) 6,800 6,800 TAMPA BAY WATER AUTH Utility System Improvement & Refunding RB Series 2005 2.34%, 04/03/08 (a)(b)(c)(d) 18,645 18,645 Utility System RB Series 2002 2.20%, 04/03/08 (a)(b) 4,000 4,000 VOLUSIA CNTY Tourist Development Tax RB Series 2004 2.26%, 04/03/08 (a)(b)(c)(d) 14,500 14,500 VOLUSIA CNTY HEALTH FACILITIES AUTH Hospital Facilities RB (Memorial Health Systems) Series 1996 2.23%, 04/03/08 (a)(b)(c)(d) 38,965 38,965 WINTER HAVEN Utility System Improvement & Refunding RB Series 2005 2.26%, 04/03/08 (a)(b)(c)(d) 8,130 8,130 -------------- 1,996,477 GEORGIA 3.9% - -------------------------------------------------------------------------------- ATLANTA Airport Passenger Facility Charge & Subordinate Lien General RB Series 2004C 2.21%, 04/03/08 (a)(b)(c)(d) 5,140 5,140 Subordinate Lien Tax Allocation Bonds (Atlantic Station) Series 2006 2.10%, 04/03/08 (a)(b) 20,000 20,000 Water & Wastewater RB Series 2004 2.20%, 04/02/08 (a)(b)(c)(d) 9,000 9,000 Water & Wastewater Revenue CP Series 2006-1 2.90%, 09/10/08 (b) 4,000 4,000 ATLANTA DEVELOPMENT AUTH Student Housing Facilities RB (Piedmont/Ellis) Series 2005A 2.26%, 04/03/08 (a)(b)(c)(d) 24,265 24,265 ATLANTA URBAN RESIDENTIAL FINANCE AUTH M/F Housing RB (Alta Coventry Station Apts) Series 2007 2.30%, 04/03/08 (a)(b) 16,000 16,000 M/F Housing RB (Capitol Gateway Apts Phase I) Series 2005 2.31%, 04/03/08 (a)(b) 4,125 4,125 M/F Housing RB (Delmonte/Brownlee Court) Series 2001A 2.19%, 04/02/08 (a)(b) 4,510 4,510 M/F Housing RB (Lindbergh City Center Apts) Series 2004 2.27%, 04/03/08 (a)(b) 5,000 5,000 M/F Housing RB (M St Apts) Series 2003 2.27%, 04/03/08 (a)(b) 7,000 7,000 M/F Housing RB (Peaks at West Atlanta Apts) Series 2001 2.19%, 04/02/08 (a)(b) 4,700 4,700 M/F Sr Housing RB (Big Bethel Village) Series 2001 2.19%, 04/02/08 (a)(b) 4,355 4,355 AUGUSTA Refunding RB Series 2007 2.29%, 04/03/08 (a)(b)(c)(d) 4,070 4,070 AUGUSTA HOUSING AUTH M/F Housing RB (G-Hope) Series 2001 2.19%, 04/02/08 (a)(b) 3,555 3,555 BARTOW CNTY DEVELOPMENT AUTH Pollution Control RB (Georgia Power Co Bowen Plant) First Series 1996 1.30%, 04/01/08 (a) 3,400 3,400 BURKE CNTY DEVELOPMENT AUTH Pollution Control RB (Georgia Power Co Vogtle Plant) Second Series 1995 1.25%, 04/01/08 (a) 10,000 10,000 Pollution Control RB (Georgia Power Co Vogtle Plant) Third Series 1994 1.30%, 04/01/08 (a) 7,700 7,700 Pollution Control RB (Oglethorpe Power Corp) Series 2006B3 3.50%, 04/01/08 (b)(c) 25,000 25,000 CLARKE CNTY HOSPITAL AUTH Revenue Certificates (Athens Regional Medical Center) Series 2007 2.26%, 04/03/08 (a)(b)(c)(d) 33,635 33,635 CLAYTON CNTY HOUSING AUTH M/F Housing RB (Hyde Park Club Apts) Series 1997 2.15%, 04/02/08 (a)(b) 11,495 11,495
8 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) COBB CNTY HOUSING AUTH M/F Housing RB (Walton Green Apts) Series 1995 2.18%, 04/03/08 (a)(b) 13,500 13,500 M/F Housing RB (Woodchase Village Apts) Series 2003 3.50%, 04/03/08 (a)(b) 4,000 4,000 COLUMBUS DEVELOPMENT AUTH RB (Foundation Properties) Series 2002 2.46%, 04/03/08 (a)(b) 10,895 10,895 COLUMBUS HOUSING AUTH M/F Housing RB (Eagles Trace Apts) Series 2002 2.19%, 04/02/08 (a)(b) 6,000 6,000 DALTON DEVELOPMENT AUTH Revenue Certificates (Hamilton Health Care System) Series 2003B 2.10%, 04/03/08 (a)(b) 5,245 5,245 DEKALB CNTY Water & Sewerage RB Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 9,955 9,955 DEKALB CNTY DEVELOPMENT AUTH RB (Arbor Montessori School) Series 1998 2.09%, 04/02/08 (a)(b) 1,000 1,000 DEKALB CNTY HOUSING AUTH M/F Housing RB (Brittany Apts) Series 2001 3.50%, 04/03/08 (a)(b) 7,200 7,200 M/F Housing RB (Mountain Crest Apts) Series 2002 2.19%, 04/02/08 (a)(b) 7,525 7,525 M/F Housing RB (Villas of Friendly Heights Apts) Series 2001 2.19%, 04/02/08 (a)(b) 3,305 3,305 M/F Housing RB (Wesley Club Apts) Series 2002 2.19%, 04/02/08 (a)(b) 5,700 5,700 DEKALB PRIVATE HOSPITAL AUTH Revenue Anticipation Certificates (Children's Healthcare of Atlanta) Series 2008 2.07%, 04/02/08 (a)(c) 23,400 23,400 DOWNTOWN SMYRNA DEVELOPMENT AUTH RB Series 2005 2.27%, 04/03/08 (a)(c)(d) 11,270 11,270 EFFINGHAM CNTY IDA RB (TEMCOR) Series 2001 2.19%, 04/02/08 (a)(b) 2,255 2,255 FULTON CNTY Water & Sewerage RB Series 2004 2.26%, 04/03/08 (a)(b)(c)(d) 13,055 13,055 FULTON CNTY DEVELOPMENT AUTH RB (Atlanta International School) Series 1997 2.09%, 04/02/08 (a)(b) 2,000 2,000 RB (Children's Healthcare of Atlanta) Series 2005A 2.29%, 04/03/08 (a)(c)(d) 46,395 46,395 RB (Children's Healthcare of Atlanta) Series 2008 2.08%, 04/02/08 (a)(c) 15,000 15,000 FULTON CNTY HOUSING AUTH M/F Housing RB (Walton Lakes Apts) Series 2008A 2.09%, 04/02/08 (a)(b) 6,400 6,400 GWINNETT CNTY DEVELOPMENT AUTH COP (Gwinnett Cnty Public Schools) Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 60,560 60,560 2.41%, 04/03/08 (a)(b)(c)(d) 11,555 11,555 JEFFERSON CNTY DEVELOPMENT AUTH IDRB (Grove River Mills) Series 1997 2.20%, 04/03/08 (a)(b) 900 900 LAURENS CNTY DEVELOPMENT AUTH Solid Waste Disposal RB (Southeast Paper Manufacturing Co) Series 1993 2.19%, 04/03/08 (a)(b) 25,000 25,000 Solid Waste Disposal RB (Southeast Paper Manufacturing Co) Series 1997 2.19%, 04/03/08 (a)(b) 28,000 28,000 LAWRENCEVILLE HOUSING AUTH M/F Housing RB (Chatham Club Apts) Series 2002 2.35%, 04/03/08 (a)(b) 7,600 7,600 LOWNDES CNTY DEVELOPMENT AUTH M/F Housing RB (FMPH Valdosta) Series 1999 2.19%, 04/02/08 (a)(b) 4,390 4,390 MACON-BIBB CNTY HOSPITAL AUTH Revenue Anticipation Certificates (Medical Center of Central Georgia) Series 1998 2.09%, 04/02/08 (a)(b) 4,000 4,000 MARIETTA HOUSING AUTH M/F Housing RB (Walton Village Apts) Series 2005 2.20%, 04/03/08 (a)(b) 14,300 14,300 MEDICAL CENTER HOSPITAL AUTH Revenue Notes (Doctors Hospital) Series 2008 2.29%, 04/03/08 (a)(b)(c)(d) 16,000 16,000 METRO ATLANTA RAPID TRANSIT AUTH Sales Tax Refunding RB (Third Indenture) Series 2007B 2.24%, 04/03/08 (a)(b)(c)(d) 24,805 24,805 MILLER CNTY DEVELOPMENT AUTH IDRB (Birdsong Corp) Series 2000 2.19%, 04/02/08 (a)(b) 2,200 2,200
9 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) POOLER DEVELOPMENT AUTH M/F Housing RB (Alta Towne Lake Apts) Series 2005 2.20%, 04/03/08 (a)(b) 19,500 19,500 PRIVATE COLLEGES & UNIVERSITIES AUTH CP Notes (Emory Univ) 2.20%, 04/10/08 22,000 22,000 SAVANNAH ECONOMIC DEVELOPMENT AUTH Exempt Facility RB (Georgia Kaolin Terminal) Series 1997 2.20%, 04/03/08 (a)(b) 6,000 6,000 Exempt Facility RB (Home Depot) Series 1995B 2.18%, 04/02/08 (a)(b) 10,000 10,000 SAVANNAH HOUSING AUTH M/F Housing RB (Live Oak Plantation Apts) Series 2001A1 2.19%, 04/02/08 (a)(b) 2,500 2,500 SUMMERVILLE DEVELOPMENT AUTH Exempt Facility RB (Image Industries) Series 1997 2.28%, 04/03/08 (a)(b) 11,000 11,000 WALTON CNTY DEVELOPMENT AUTH RB (Tucker Door & Trim Corp) Series 2000 2.29%, 04/02/08 (a)(b) 2,300 2,300 WEBSTER CNTY IDA IDRB (Tolleson Lumber Co) Series 1999 2.20%, 04/03/08 (a)(b) 4,000 4,000 WINDER-BARROW INDUSTRIAL BUILDING AUTH IDRB (Progress Container Corp) Series 2000 2.19%, 04/02/08 (a)(b) 1,765 1,765 WORTH CNTY Refunding IDRB (Seabrook Peanut Co) Series 1996B 2.19%, 04/02/08 (a)(b) 1,300 1,300 -------------- 680,725 HAWAII 0.2% - -------------------------------------------------------------------------------- HAWAII GO Bonds Series 2002CZ 2.23%, 04/03/08 (a)(b)(c)(d) 5,900 5,900 HONOLULU BOARD OF WATER SUPPLY Water System RB Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 7,000 7,000 HONOLULU CITY & CNTY GO Bonds Series 2003A 2.29%, 04/03/08 (a)(b)(c)(d) 14,995 14,995 Wastewater RB Sr Series 2005A 2.26%, 04/03/08 (a)(b)(c)(d) 5,845 5,845 Wastewater System RB (First Bond Resolution) Sr Series 2007A 2.41%, 04/03/08 (a)(b)(c)(d) 9,365 9,365 -------------- 43,105 IDAHO 0.2% - -------------------------------------------------------------------------------- IDAHO TAN Series 2007 3.73%, 06/30/08 35,000 35,064 IDAHO STATE UNIV FOUNDATION RB(L.E. & Thelma E. Stephens Performing Arts Center) Series 2001 2.21%, 04/03/08 (a)(b) 1,965 1,965 -------------- 37,029 ILLINOIS 7.3% - -------------------------------------------------------------------------------- AURORA Collateralized S/F Mortgage RB Series 2007D1 2.31%, 04/03/08 (a)(b)(c)(d) 10,745 10,745 CAROL STREAM M/F Housing Refunding RB (St Charles Square) Series 1997 2.28%, 04/02/08 (a)(b) 4,415 4,415 CHICAGO General Airport Third Lien RB (Chicago O'Hare International Airport) Series 2005A 2.27%, 04/03/08 (a)(b)(c)(d) 2,285 2,285 2.27%, 04/03/08 (a)(b)(c)(d) 20,465 20,465 2.59%, 04/03/08 (a)(b)(c)(d) 24,895 24,895 General Airport Third Lien RB (Chicago O'Hare International Airport) Series 2008A 2.25%, 04/02/08 (a)(b)(c)(d) 3,320 3,320 General Airport Third Lien Refunding RB (Chicago O'Hare International Airport) Series 2003A2 2.37%, 04/03/08 (a)(b)(c)(d) 15,695 15,695 General Airport Third Lien Refunding RB (Chicago O'Hare International Airport) Series 2003B2 3.50%, 04/03/08 (a)(b)(c)(d) 10,800 10,800 General Airport Third Lien Refunding RB (Chicago O'Hare International Airport) Series 2005B 2.24%, 04/03/08 (a)(b)(c)(d) 11,330 11,330 GO Project & Refunding Bonds Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 33,000 33,000 GO Bonds Series 2007G 2.71%, 04/03/08 (a)(b)(c)(d) 13,795 13,795 GO Project & Refunding Bonds Series 2006A 2.29%, 04/03/08 (a)(b)(c)(d) 30,495 30,495 GO Tender Notes Series 2008 1.05%, 02/05/09 (b) 40,425 40,425 Limited Tax Bonds (Lakefront Millennium Parking Facilities) Series 1998 2.23%, 04/03/08 (a)(b)(c)(d) 22,720 22,720 S/F Mortgage RB Series 20072A 2.34%, 04/03/08 (a)(b)(c)(d) 17,980 17,980
10 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Sales Tax Refunding RB Series 2005 2.24%, 04/03/08 (a)(b)(c)(d) 9,640 9,640 Second Lien Passenger Facility Charge RB Series 2001A 3.80%, 04/02/08 (a)(b)(c)(d) 11,070 11,070 2.26%, 04/03/08 (a)(b)(c)(d) 6,315 6,315 Second Lien Wastewater Transmission RB Series 2004A 2.85%, 04/03/08 (a)(b)(c) 77,000 77,000 Second Lien Wastewater Transmission Refunding RB Series 2001 2.24%, 04/03/08 (a)(b)(c)(d) 21,545 21,545 Second Lien Wastewater Transmission Refunding RB Series 2006A&B 2.24%, 04/03/08 (a)(b)(c)(d) 11,405 11,405 Special Facilities RB (O'Hare Tech Center II) Series 2002 2.20%, 04/03/08 (a)(b) 15,500 15,500 Sr Lien Water RB Series 2000 2.24%, 04/03/08 (a)(c)(d) 11,970 11,970 COMMUNITY UNIT SD NO.304 GO School Bonds Series 2007A 2.21%, 04/03/08 (a)(b)(c)(d) 4,940 4,940 DUPAGE CNTY RB (Morton Arboretum) Series 2003 2.10%, 04/03/08 (a)(b) 24,050 24,050 EAST DUNDEE, KANE & COOK COUNTIES IDRB (Otto Engineering) Series 1998 2.20%, 04/03/08 (a)(b) 1,330 1,330 HAMPSHIRE IDRB (Poli-Film America) Series 1998A 2.22%, 04/03/08 (a)(b) 2,000 2,000 ILLINOIS Civic Center Bonds Series 1991 3.01%, 04/03/08 (a)(b)(c)(d) 2,940 2,940 GO Bonds Illinois First Series 2000 2.26%, 04/03/08 (a)(b)(c)(d) 19,575 19,575 2.28%, 04/03/08 (a)(b)(c)(d) 8,995 8,995 GO Bonds Illinois First Series 2001 2.27%, 04/03/08 (a)(b)(c)(d) 10,040 10,040 GO Bonds Illinois First Series 2002 2.26%, 04/03/08 (a)(b)(c)(d) 12,375 12,375 2.28%, 04/03/08 (a)(b)(c)(d) 13,425 13,425 GO Bonds Series 2000 2.29%, 04/03/08 (a)(b)(c)(d) 3,370 3,370 GO Bonds Series 2003 2.24%, 04/03/08 (a)(b)(c)(d) 22,500 22,500 GO Bonds Series 2004A 1.30%, 04/01/08 (a)(b)(c)(d) 30,300 30,300 GO Bonds Series 2006 2.24%, 04/03/08 (a)(c)(d) 1,745 1,745 2.24%, 04/03/08 (a)(c)(d) 845 845 ILLINOIS DEVELOPMENT FINANCE AUTH Economic Development RB (Korex Corp) Series 1990 2.20%, 04/03/08 (a)(b) 4,000 4,000 Gas Supply Refunding RB (People's Gas) Series 2003E 4.50%, 04/03/08 (a)(b)(c)(d) 14,995 14,995 IDRB (Arc-Tronics) Series 1999 2.35%, 04/02/08 (a)(b) 1,380 1,380 IDRB (Camcraft Inc) Series 1993 2.38%, 04/02/08 (a)(b) 1,400 1,400 IDRB (Radiological Society of North America) Series 1997 3.60%, 04/03/08 (a)(b) 2,630 2,630 Qualified Residential Rental Bonds (River Oaks) Series 1989 2.45%, 04/02/08 (a)(b) 32,000 32,000 RB (Aurora Central Catholic High School) Series 1994 2.43%, 04/02/08 (a)(b) 1,000 1,000 RB (Catholic Charities Housing Development Corp) Series 1993A 2.33%, 04/02/08 (a)(b) 9,160 9,160 RB (Catholic Charities Housing Development Corp) Series 1993B 2.33%, 04/02/08 (a)(b) 910 910 RB (Francis W. Parker School) Series 1999 1.90%, 04/02/08 (a)(b) 2,355 2,355 RB (Lake Forest Academy) Series 1994 2.18%, 04/02/08 (a)(b) 4,000 4,000 RB (Perspectives Charter School) Series 2003 2.21%, 04/03/08 (a)(b) 5,400 5,400 RB (Richard H. Driehaus Museum) Series 2005 2.18%, 04/02/08 (a)(b) 3,800 3,800 RB (St Ignatius College Prep) Series 2002 2.21%, 04/02/08 (a)(b) 2,800 2,800 Water Facilities Refunding RB (Illinois- American Water Co) Series 2002 2.40%, 04/03/08 (a)(b)(c) 24,800 24,800 ILLINOIS EDUCATION FACILITY AUTH RB (Northwestern Univ) Series 2003 2.24%, 04/03/08 (a)(c)(d) 14,020 14,020 ILLINOIS FINANCE AUTH CP Revenue Notes (DePaul Univ Financing Program) 1.50%, 04/03/08 (b) 9,000 9,000 RB (Advocate Health Care Network) Series 2008A1 1.90%, 01/15/09 (f) 10,000 10,000 RB (Central DuPage Health) Series 2004A 1.25%, 04/01/08 (a)(c) 20,000 20,000 RB (Resurrection Health Care) Series 2005C 2.07%, 04/03/08 (a)(b) 20,370 20,370 RB (Riverside Health System) Series 2004 3.05%, 04/02/08 (a)(b) 5,620 5,620
11 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) RB Series 2007A1 2.05%, 04/03/08 (a)(c) 11,000 11,000 RB Series 2007A3 2.05%, 04/03/08 (a)(c) 11,500 11,500 ILLINOIS HOUSING DEVELOPMENT AUTH Homeowner Mortgage RB Series 2007H2 3.48%, 10/01/08 11,685 11,685 M/F Mortgage Refunding RB (Hyde Park Tower Apts) Series 2000A 2.35%, 04/02/08 (a)(b) 4,500 4,500 ILLINOIS SPORTS FACILITIES AUTH Bonds Series 2001 3.21%, 04/03/08 (a)(b)(c)(d) 9,030 9,030 ILLINOIS TOLL HIGHWAY AUTH Toll Highway Sr Priority RB Series 2006A1 2.25%, 04/02/08 (a)(b)(c)(d) 13,000 13,000 Toll Highway Sr Priority RB Series 2006A2 2.23%, 04/03/08 (a)(b)(c)(d) 10,390 10,390 Toll Highway Sr Priority RB Series 2007A1 2.15%, 04/03/08 (a)(c) 26,000 26,000 Toll Highway Sr Priority RB Series 2007A2 2.05%, 04/03/08 (a)(c) 54,000 54,000 Toll Highway Sr Refunding RB Series 2008A1 2.06%, 04/03/08 (a)(b)(c) 8,000 8,000 Toll Highway Sr Refunding RB Series 2008A2 2.10%, 04/03/08 (a)(b)(c) 8,000 8,000 LOMBARD Refunding IDRB (B&H Partnership) Series 1995 2.61%, 04/03/08 (a)(b) 1,850 1,850 METROPOLITAN PIER & EXPOSITION AUTH Project Bonds (McCormick Place Expansion) Series 2002A 2.29%, 04/03/08 (a)(b)(c)(d) 2,870 2,870 2.29%, 04/03/08 (a)(b)(c)(d) 5,000 5,000 2.29%, 04/03/08 (a)(b)(c)(d) 6,590 6,590 Refunding Bonds (McCormick Place Expansion) Series 1999AC 2.28%, 04/03/08 (a)(b)(c)(d) 9,790 9,790 Refunding Bonds (McCormick Place Expansion) Series 2002B 3.25%, 04/02/08 (a)(b)(c)(d) 18,490 18,490 METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO Unlimited Tax GO Refunding Bonds Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 30,870 30,870 Unlimited Tax GO Refunding Bonds Series 2007B & Limited Tax Series 2007C 2.20%, 04/03/08 (a)(c)(d) 44,285 44,285 MONTGOMERY SPECIAL SERVICE AREA NO.10 Special Tax Bonds (Blackberry Crossing West) Series 2004 2.20%, 04/02/08 (a)(b) 5,000 5,000 PALATINE Special Facility RB (Little City for Community Development) Series 1998 2.18%, 04/02/08 (a)(b) 5,000 5,000 REGIONAL TRANSPORTATION AUTH GO Bonds Series 2001A 2.24%, 04/03/08 (a)(b)(c)(d) 36,625 36,625 GO Bonds Series 2003A 2.71%, 04/03/08 (a)(b)(c)(d) 52,393 52,393 GO Bonds Series 2005A 2.25%, 04/03/08 (a)(b)(c)(d) 29,005 29,005 GO Refunding Bonds Series 1999 2.28%, 04/03/08 (a)(b)(c)(d) 12,055 12,055 2.28%, 04/03/08 (a)(b)(c)(d) 9,730 9,730 ROCKFORD IDRB (Rockford Industrial Welding Supply) Series 1996 3.60%, 04/03/08 (a)(b) 2,000 2,000 SCHAUMBURG GO Bonds Series 2004B 2.27%, 04/03/08 (a)(b)(c)(d) 18,675 18,675 SOUTHWESTERN ILLINOIS DEVELOPMENT AUTH Refunding IDRB (Holten Meat) Series 2004 2.45%, 04/03/08 (a)(b) 6,860 6,860 UNIV OF ILLINOIS Auxiliary Facilities RB Series 1999A 2.30%, 04/02/08 (a)(b)(c)(d) 3,500 3,500 VILLAGE OF WESTERN SPRINGS Special Assessment Bonds (Timber Trails) Series 2006 2.19%, 04/02/08 (a)(b) 14,874 14,874 WILL CNTY COMMUNITY HIGH SD NO. 210 GO Bonds Series 2006 2.29%, 04/03/08 (a)(b)(c)(d) 5,030 5,030 WILL-KANKAKEE REGIONAL DEVELOPMENT AUTH IDRB (Toltec Steel Services) Series 2002 2.20%, 04/03/08 (a)(b) 5,850 5,850 WOODRIDGE M/F Housing Refunding RB (Hinsdale Lake Terrace Apts) Series 1990 2.26%, 04/04/08 (a)(b)(c) 20,760 20,760 YORKVILLE IDRB (FE Wheaton & Co) Series 1996 3.50%, 04/03/08 (a)(b) 950 950 -------------- 1,290,037
12 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) INDIANA 1.1% - -------------------------------------------------------------------------------- BOONE CNTY HOSPITAL ASSOCIATION Lease Refunding RB Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 2,950 2,950 DYER REDEVELOPMENT AUTH Economic Development Lease Rental Refunding Bonds of 2005 2.27%, 04/03/08 (a)(b)(c)(d) 1,500 1,500 ELKHART CNTY Economic Development RB (West Plains Apts) Series 1998A 2.43%, 04/02/08 (a)(b) 1,695 1,695 HAMILTON CNTY PUBLIC BUILDING CORP First Mortgage Bonds Series 2008 2.16%, 04/03/08 (a)(c)(d) 14,605 14,605 INDIANA BOND BANK Special Program Refunding Bonds (Hendricks Regional Health) Series 2007A 3.75%, 04/03/08 (a)(b)(c)(d) 9,850 9,850 INDIANA DEVELOPMENT FINANCE AUTH IDRB (Big Sky Park) Series 1999 2.20%, 04/03/08 (a)(b) 3,600 3,600 INDIANA FINANCE AUTH Environmental RB (PSI Energy Inc) Series 2005B 2.15%, 04/02/08 (a)(b) 10,500 10,500 Highway Refunding RB Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 14,445 14,445 3.75%, 04/03/08 (a)(b)(c)(d) 8,580 8,580 State Revolving Fund Program Series 2006B 2.24%, 04/03/08 (a)(c)(d) 5,630 5,630 INDIANA HEALTH FACILITY FINANCING AUTH Insured RB Series 1985A 6.25%, 04/02/08 (a)(b)(c) 2,280 2,280 INDIANA HFA S/F Mortgage RB Series 2004B2 & 2005C2 2.56%, 04/03/08 (a)(c)(d) 4,660 4,660 INDIANA HOUSING & COMMUNITY DEV AGENCY S/F Mortgage RB Series 2006D1 2.32%, 04/03/08 (a)(c)(d) 14,000 14,000 INDIANA MUNICIPAL POWER AGENCY Power Supply System RB Series 2006A 4.00%, 04/03/08 (a)(b)(c)(d) 7,000 7,000 INDIANAPOLIS M/F Housing RB (Nora Pines Apts) Series 2001 2.15%, 04/03/08 (a)(b) 9,275 9,275 Thermal Energy System RB Series 2001A 2.60%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 INDIANAPOLIS AIRPORT AUTH Subordinate TECP Notes 2.30%, 07/01/08 (b) 17,000 17,000 INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK Bonds (Waterworks) Series 2006A 3.01%, 04/03/08 (a)(b)(c)(d) 4,245 4,245 RB (Indianapolis Airport Auth) Series 2004I 2.26%, 04/03/08 (a)(b)(c)(d) 11,295 11,295 IPS MULTI-SCHOOL BUILDING CORP First Mortgage Refunding Bonds Series 2007 2.34%, 04/03/08 (a)(b)(c)(d) 13,235 13,235 ST JOSEPH CNTY Economic Development RB (Corby Apts) Series 1997B 2.31%, 04/02/08 (a)(b) 3,325 3,325 Economic Development RB (Pin Oaks Apts) Series 1997A 2.31%, 04/02/08 (a)(b) 1,000 1,000 Economic Development RB (Western Manor Apts) Series 1997C 2.31%, 04/02/08 (a)(b) 2,130 2,130 RB (Univ of Notre Dame du Lac) Series 2007 1.50%, 04/03/08 (a)(c) 16,000 16,000 VIGO CNTY Economic Development RB (Sisters of Providence) Series 2001 2.45%, 04/03/08 (a)(b) 3,500 3,500 WAYNE TOWNSHIP SCHOOL BUILDING CORP First Mortgage Refunding Bonds Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 5,125 5,125 -------------- 197,325 IOWA 0.3% - -------------------------------------------------------------------------------- DES MOINES METROPOLITAN WASTEWATER RECLAMATION AUTH Sewer RB Series 2004B 2.27%, 04/03/08 (a)(b)(c)(d) 6,465 6,465 IOWA FINANCE AUTH M/F Housing RB (Country Club Village) Series 2006 2.40%, 04/03/08 (a)(b) 11,370 11,370 IOWA HIGHER EDUCATION LOAN AUTH Private College Facility RB (Graceland Univ) Series 2003 2.15%, 04/03/08 (a)(b) 2,000 2,000 IOWA SCHOOL CORPORATIONS Cash Anticipation Program Warrant Certificates Series 2007-2008A 3.73%, 06/27/08 (b) 20,000 20,036
13 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Cash Anticipation Program Warrant Certificates Series 2007-2008B 2.65%, 01/23/09 (b) 10,500 10,591 -------------- 50,462 KANSAS 0.1% - -------------------------------------------------------------------------------- KANSAS DEVELOPMENT FINANCE AUTH M/F Housing RB (Saddlewood Apts) Series 2004M 2.32%, 04/03/08 (a)(b) 7,600 7,600 SEDGWICK CNTY & SHAWNEE CNTY S/F Mortgage RB Series 2007A2 2.30%, 04/02/08 (a)(c)(d) 10,415 10,415 -------------- 18,015 KENTUCKY 1.6% - -------------------------------------------------------------------------------- BOYLE CNTY Hospital RB (Ephraim McDowell Health) Series 2006 2.14%, 04/03/08 (a)(b) 8,500 8,500 ELIZABETHTOWN IDRB (ALTEC) Series 1997 2.32%, 04/02/08 (a)(b) 3,000 3,000 JEFFERSON CNTY M/F Housing Refunding RB (Camden Brookside Apts) Series 2002 2.15%, 04/03/08 (a)(b) 8,900 8,900 KENTUCKY ASSET/LIABILITY COMMISSION General Fund Project Notes Second Series 2005A1 & A2 1.10%, 06/05/08 (c) 4,000 4,000 2.40%, 06/05/08 (c) 35,000 35,000 3.10%, 06/05/08 (c) 40,000 40,000 General Fund Project Notes Series 2007B 3.86%, 04/03/08 (a)(b)(c)(d) 14,955 14,955 General Fund TRAN Series 2007A 3.70%, 06/26/08 25,000 25,045 3.71%, 06/26/08 75,000 75,134 KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP Insured RB Series 1996A 3.25%, 04/02/08 (a)(b)(c) 23,850 23,850 KENTUCKY HOUSING CORP RB Series 2002A 2.30%, 04/02/08 (a)(c)(d) 2,350 2,350 KENTUCKY STATE PROPERTY & BUILDINGS COMMISSION Refunding RB Project No.84 2.24%, 04/03/08 (a)(b)(c)(d) 24,780 24,780 LOUISVILLE & JEFFERSON CNTY METRO SEWER DISTRICT Sewage & Drainage System RB Series 1999A 2.33%, 04/03/08 (a)(b)(c)(d) 5,600 5,600 RICHMOND IDRB (Mikron) Series 1995 2.20%, 04/02/08 (a)(b) 1,250 1,250 SANITATION DISTRICT NO.1, (CAMPBELL, KENTON & BOONE COUNTIES) RB Series 2007 2.30%, 04/02/08 (a)(b)(c)(d) 10,480 10,480 -------------- 282,844 LOUISIANA 1.5% - -------------------------------------------------------------------------------- EAST BATON ROUGE Pollution Control Refunding RB 1.03%, 04/01/08 (a) 1,100 1,100 JEFFERSON SALES TAX DISTRICT Special Sales Tax RB Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 1,285 1,285 Special Sales Tax RB Series 2007B 2.27%, 04/03/08 (a)(b)(c)(d) 1,265 1,265 LAKE CHARLES HARBOR & TERMINAL DISTRICT RB (Lake Charles Cogeneration) Series 2008 2.25%, 03/15/38 (f) 50,000 50,000 LOUISIANA Gasoline & Fuels Tax RB Series 2005A 2.24%, 04/03/08 (a)(b)(c)(d) 3,420 3,420 3.50%, 04/03/08 (a)(b)(c)(d) 7,480 7,480 4.04%, 04/03/08 (a)(b)(c)(d) 11,975 11,975 Gasoline & Fuels Tax RB Series 2006A 2.25%, 04/03/08 (a)(b)(c)(d) 20,845 20,845 GO Refunding Bonds Series 2005A 2.24%, 04/03/08 (a)(b)(c)(d) 6,275 6,275 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT AUTH RB (Univ of Louisiana-Monroe) Series 2004C 2.21%, 04/03/08 (a)(b) 10,000 10,000 LOUISIANA STATE UNIV AGRICULTURAL & MECHANICAL COLLEGE Auxiliary RB Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 27,640 27,640 NEW ORLEANS IDB M/F Housing RB (3700 Orleans) Series 2000 2.28%, 04/03/08 (a)(b) 29,000 29,000 ST JAMES PARISH Pollution Control Refunding RB (Texaco) Series 1988A 0.98%, 06/10/08 59,030 59,030 Pollution Control Refunding RB (Texaco) Series 1988B 0.98%, 06/10/08 39,030 39,030 -------------- 268,345 MAINE 0.2% - -------------------------------------------------------------------------------- MAINE FINANCE AUTH RB (Jackson Laboratory) Series 2002 2.32%, 04/03/08 (a)(b) 5,320 5,320 Solid Waste Disposal RB (Casella Waste Systems Inc) Series 2005 2.20%, 04/03/08 (a)(b) 12,500 12,500
14 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MAINE HEALTH & EDUCATIONAL FACILITIES AUTH RB Series 2006F 2.20%, 04/03/08 (a)(b)(c)(d) 15,105 15,105 MAINE HOUSING AUTH General Housing Draw Down Bonds Series 2005A 2.34%, 04/03/08 (a)(c)(d) 2,360 2,360 General Housing Draw Down Bonds Series 2005B 2.26%, 04/03/08 (a)(c)(d) 100 100 2.26%, 04/03/08 (a)(c)(d) 350 350 Mortgage Purchase Bonds Series 2002F2 2.32%, 04/03/08 (a)(c)(d) 2,815 2,815 Mortgage Purchase Bonds Series 2008B 2.25%, 04/03/08 (a)(c) 4,000 4,000 -------------- 42,550 MARYLAND 0.7% - -------------------------------------------------------------------------------- MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION RB Series 2007D 2.35%, 04/02/08 (a)(c)(d) 14,865 14,865 S/F Program Bonds Third Series 1999 2.27%, 04/03/08 (a)(c)(d) 28,705 28,705 MARYLAND ECONOMIC DEVELOPMENT CORP IDRB (Dixon Valve & Coupling Co) Series 1998 2.20%, 04/02/08 (a)(b) 10 10 MARYLAND ENERGY FINANCING ADMINISTRATION Limited Obligation Local District Cooling Facilities RB (Comfort Link) Series 2001 2.19%, 04/02/08 (a)(b) 10,000 10,000 MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTH FHA Insured Mortgage RB (Western Maryland Health System) Series 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 14,760 14,760 Project & Refunding RB (Mercy Center) Series 1996 2.23%, 04/03/08 (a)(b)(c)(d) 18,185 18,185 RB (Kennedy Krieger) Series 2006 2.09%, 04/03/08 (a)(b) 6,000 6,000 RB (Sheppard Pratt) Series 2003B 2.09%, 04/03/08 (a)(b) 7,000 7,000 MARYLAND STATE ECONOMIC DEVELOPMENT CORP RB (Constellation Energy Inc) Series 2007 2.20%, 04/03/08 (a)(b) 13,000 13,000 MONTGOMERY CNTY Consolidated Public Improvement BAN Series 2006B 1.25%, 04/01/08 (a)(c) 2,000 2,000 MONTGOMERY CNTY HOUSING OPPORTUNITIES COMMISSION Housing RB (Oakfield Apts) Series 2005I 1.90%, 04/02/08 (a)(b) 6,550 6,550 -------------- 121,075 MASSACHUSETTS 2.4% - -------------------------------------------------------------------------------- MASSACHUSETTS GO Bonds Consolidated Loan Series 1998C 2.22%, 04/03/08 (a)(b)(c)(d) 3,485 3,485 GO Bonds Consolidated Loan Series 2000C 2.28%, 04/03/08 (a)(c)(d) 1,200 1,200 GO Bonds Consolidated Loan Series 2001D 2.22%, 04/03/08 (a)(b)(c)(d) 2,785 2,785 GO Bonds Consolidated Loan Series 2004A 2.31%, 04/03/08 (a)(b)(c)(d) 3,950 3,950 GO Bonds Consolidated Loan Series 2006A 1.47%, 04/01/08 (a)(c) 600 600 GO Bonds Consolidated Loan Series 2006B 1.47%, 04/01/08 (a)(c) 1,775 1,775 GO Bonds Consolidated Loan Series 2006E 2.38%, 04/03/08 (a)(b)(c)(d) 2,500 2,500 GO Refunding Bonds Series 1998A 2.05%, 04/03/08 (a)(c) 15,000 15,000 GO Refunding Bonds Series 2001B 2.13%, 04/03/08 (a)(c) 7,000 7,000 GO Refunding Bonds Series 2003D 2.27%, 04/03/08 (a)(c)(d) 10,950 10,950 GO Refunding Bonds Series 2004A 2.75%, 04/02/08 (a)(b)(c)(d) 5,730 5,730 GO Refunding Bonds Series 2006C 2.21%, 04/03/08 (a)(b)(c)(d) 8,485 8,485 TECP Series E 2.03%, 06/13/08 (c) 20,000 20,000 TECP Series G 2.03%, 06/13/08 (c) 17,500 17,500 MASSACHUSETTS BAY TRANSPORTATION AUTH Assessment Bonds Series 2006A 2.22%, 04/03/08 (a)(c)(d) 14,980 14,980 Sr Sales Tax Bonds Series 2004C 2.23%, 04/03/08 (a)(c)(d) 5,480 5,480 Sr Sales Tax Bonds Series 2006A 2.29%, 04/03/08 (a)(c)(d) 4,200 4,200 Sr Sales Tax Bonds Series 2006B 2.25%, 04/02/08 (a)(c)(d) 13,770 13,770
15 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MASSACHUSETTS DEVELOPMENT FINANCE AGENCY M/F Housing RB (Archstone Reading Apts) Series 2004A 2.18%, 04/02/08 (a)(b) 12,560 12,560 M/F Housing RB (Midway Studios) Series 2003A 2.31%, 04/03/08 (a)(b) 10,000 10,000 M/F Housing Refunding RB (Kensington at Chelmsford) Series 2002 2.32%, 04/03/08 (a)(b) 15,950 15,950 RB (College of Holy Cross) Series 2002 2.70%, 04/03/08 (a)(b)(c)(d) 1,600 1,600 RB (FIBA Technologies) Series 2003 2.33%, 04/02/08 (a)(b) 1,590 1,590 RB (Harvard Univ) Series 2006B1 0.95%, 04/01/08 (a) 1,000 1,000 RB (YMCA of Greater Boston) Series 2004A 2.21%, 04/03/08 (a)(b) 500 500 MASSACHUSETTS HEALTH & EDUCATIONAL FACILITIES AUTH RB (Amherst College) Series H 2.63%, 10/09/08 5,000 5,000 RB (Boston College) Series M1 & M2 2.24%, 04/03/08 (a)(c)(d) 7,200 7,200 RB (Massachusetts Institute of Technology) Series K 2.24%, 04/03/08 (a)(c)(d) 6,710 6,710 RB (South Shore Hospital) Series 2008G 2.21%, 04/03/08 (a)(b)(c) 24,585 24,585 RB (Tufts Univ) Series 2008N2 1.95%, 04/03/08 (a)(c) 12,000 12,000 Revenue Notes (Harvard Univ) Series EE 1.55%, 06/04/08 8,000 8,000 1.85%, 06/04/08 1,000 1,000 MASSACHUSETTS HFA Housing Bonds Series 2003S 2.48%, 04/02/08 (a)(c)(d) 7,285 7,285 Housing Bonds Series 2006B 2.26%, 04/03/08 (a)(c)(d) 4,950 4,950 RB Series 2005H 2.48%, 04/02/08 (a)(c)(d) 5,930 5,930 Rental Housing Bonds Series 2005A 2.26%, 04/03/08 (a)(b)(c)(d) 19,980 19,980 Rental Housing Mortgage RB Series 2002F 2.51%, 04/03/08 (a)(b)(c)(d) 12,635 12,635 S/F Housing RB Series 122 2.39%, 04/03/08 (a)(c)(d) 10,110 10,110 S/F Housing RB Series 126 2.29%, 04/03/08 (a)(c)(d) 3,395 3,395 2.39%, 04/03/08 (a)(c)(d) 6,770 6,770 S/F Housing RB Series 130 2.33%, 04/03/08 (a)(c)(d) 1,003 1,003 MASSACHUSETTS PORT AUTH RB Series 2005A 2.21%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 MASSACHUSETTS SCHOOL BUILDING AUTH CP Series A 1.92%, 06/06/08 (b) 20,000 20,000 2.22%, 06/06/08 (b) 18,000 18,000 Dedicated Sales Tax Bonds Series 2005A 2.25%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 2.29%, 04/03/08 (a)(b)(c)(d) 3,100 3,100 Dedicated Sales Tax Bonds Series 2007A 2.25%, 04/03/08 (a)(b)(c)(d) 5,400 5,400 2.71%, 04/03/08 (a)(b)(c)(d) 10,850 10,850 2.71%, 04/03/08 (a)(b)(c)(d) 9,980 9,980 MASSACHUSETTS WATER POLLUTION ABATEMENT TRUST Pool Program Bonds Series 10 2.29%, 04/03/08 (a)(c)(d) 3,805 3,805 Pool Program Bonds Series 12 2.21%, 04/03/08 (a)(c)(d) 500 500 Pool Program Bonds Series 13 2.29%, 04/03/08 (a)(c)(d) 14,285 14,285 -------------- 416,063 MICHIGAN 3.1% - -------------------------------------------------------------------------------- CHARTER CNTY OF WAYNE Airport Jr Lien RB Series 2001 2.05%, 04/03/08 (a)(b)(c) 600 600 Airport Refunding RB (Detroit Metropolitan Wayne Cnty Airport) Series 1996B 5.75%, 04/02/08 (a)(b)(c) 39,240 39,240 DETROIT Second Lien Refunding RB Series 2006C 2.29%, 04/03/08 (a)(b)(c)(d) 4,900 4,900 Sewage Disposal System RB Series 1999A 2.79%, 04/03/08 (a)(b)(c)(d) 30,400 30,400 DETROIT SD School Building & Site Improvement Bonds (Unlimited Tax GO) Series 2001A 2.23%, 04/03/08 (a)(b)(c)(d) 83,150 83,150 School Building & Site Improvement Bonds (Unlimited Tax GO) Series 2001A 2.24%, 04/03/08 (a)(b)(c)(d) 4,620 4,620 School Building & Site Improvement Refunding Bonds (Unlimited Tax GO) Series 1998B 2.21%, 04/03/08 (a)(b)(c)(d) 10,260 10,260 School Building & Site Improvement Refunding Bonds (Unlimited Tax GO) Series 2005A 2.24%, 04/03/08 (a)(b)(c)(d) 10,855 10,855 2.24%, 04/03/08 (a)(b)(c)(d) 8,500 8,500 2.24%, 04/03/08 (a)(b)(c)(d) 12,785 12,785 DETROIT SEWAGE DISPOSAL SYSTEM Sr Lien Refunding RB Series 2003A 2.30%, 04/02/08 (a)(b)(c)(d) 15,050 15,050
16 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) KENT CNTY Airport RB (Gerald R. Ford International Airport) (Limited Tax GO) Series 2007 2.27%, 04/03/08 (a)(c)(d) 4,380 4,380 MICHIGAN Grant Anticipation Bonds Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 10,100 10,100 Grant Anticipation Notes Series 2007 2.30%, 04/02/08 (a)(b)(c)(d) 8,690 8,690 MICHIGAN HIGHER EDUCATION FACILITIES AUTH Limited Obligation Refunding RB (Hope College) Series 2004 2.27%, 04/03/08 (a)(b) 3,430 3,430 MICHIGAN HOUSING DEVELOPMENT AUTH Rental Housing RB Series 2006D 2.26%, 04/03/08 (a)(b)(c)(d) 8,750 8,750 S/F Mortgage RB Series 2007D 3.05%, 09/03/08 52,800 52,800 S/F Mortgage RB Series 2007E 2.28%, 04/02/08 (a)(c) 40,000 40,000 S/F Mortgage RB Series 2007F 2.28%, 04/02/08 (a)(c) 30,000 30,000 MICHIGAN JOB DEVELOPMENT AUTH Limited Obligation RB (Frankenmuth Bavarian Inn Motor Lodge) Series 1985 2.30%, 04/01/08 (a)(b) 7,100 7,100 MICHIGAN MUNICIPAL BOND AUTH Revenue Notes Series 2007B2 3.68%, 08/20/08 (b) 35,000 35,107 MICHIGAN STATE BUILDING AUTH Refunding RB (Facilities Program) Series 2005I 2.24%, 04/03/08 (a)(b)(c)(d) 4,600 4,600 Refunding RB (Facilities Program) Series 2006-IA 2.28%, 04/03/08 (a)(b)(c)(d) 37,800 37,800 2.29%, 04/03/08 (a)(b)(c)(d) 4,430 4,430 MICHIGAN STATE HOSPITAL FINANCING AUTH RB (McLaren Health Care) Series 2005B 2.27%, 04/03/08 (a)(b)(c)(d) 11,500 11,500 Refunding RB (McLaren Health Care) Series 2005A 2.29%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 MICHIGAN STRATEGIC FUND Limited Obligation RB (American Cancer Society) Series 2000 2.30%, 04/03/08 (a)(b) 3,235 3,235 Limited Obligation RB (United Machining) Series 1998 2.40%, 04/03/08 (a)(b) 4,000 4,000 OAKLAND CNTY Limited Obligation RB (Husky Envelope Products) Series 1999 2.40%, 04/03/08 (a)(b) 1,320 1,320 UNIV OF MICHIGAN (REGENTS) General RB Series 2008A 1.15%, 04/01/08 (a) 10,400 10,400 General RB Series 2008B 1.95%, 04/03/08 (a) 13,200 13,200 WAYNE CNTY AIRPORT AUTH Airport RB Series 2005 3.80%, 04/03/08 (a)(b)(c)(d) 5,190 5,190 Airport RB Series 2007 2.34%, 04/03/08 (a)(b)(c)(d) 9,500 9,500 -------------- 540,892 MINNESOTA 1.8% - -------------------------------------------------------------------------------- EDEN PRAIRIE M/F Housing RB (Eden Prairie Leased Housing Associates I) Series 2003A 2.31%, 04/04/08 (a)(b) 17,500 17,500 HENNEPIN CNTY HOUSING & REDEVELOPMENT AUTH M/F Housing Refunding RB (Stone Arch Apts) Series 2002 2.40%, 04/03/08 (a)(b) 2,800 2,800 MENDOTA HEIGHTS Refunding IDRB (Dakota Business Plaza) Series 2000 2.46%, 04/03/08 (a)(b) 2,300 2,300 MINNEAPOLIS Health Care System Refunding RB (Fairview Health Services) Series 2005C 3.15%, 04/02/08 (a)(b)(c) 67,705 67,705 MINNEAPOLIS/ST PAUL METROPOLITAN AIRPORTS COMMISSION Subordinate Airport RB Series 2005A 2.27%, 04/03/08 (a)(b)(c)(d) 3,445 3,445 MINNEAPOLIS/ST PAUL HOUSING & REDEVELOPMENT AUTH Health Care System RB (Allina Health System) Series 2007B1 2.35%, 04/01/08 (a)(b)(c) 48,395 48,395 MINNESOTA GO Bonds 2.24%, 04/03/08 (a)(c)(d) 2,200 2,200 Tax & Aid Anticipation Borrowing Program COP Series 2007 3.64%, 08/28/08 13,000 13,044 MINNESOTA AGRICULTURAL & ECONOMIC DEVELOPMENT BOARD Health Care Facilities RB (Essentia Health Obligated Group) Series 2008C3 1.35%, 04/01/08 (a)(b)(c) 6,775 6,775
17 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Health Care Facilities RB (Essentia Health Obligated Group) Series 2008C4A 1.30%, 04/01/08 (a)(b)(c) 10,000 10,000 RB (Evangelical Lutheran Good Samaritan Society) Series 1996 2.38%, 04/03/08 (a)(b) 7,200 7,200 MINNESOTA HFA Limited Obligation Bonds Draw-down Series 2007-2 2.32%, 04/03/08 (a)(b)(c)(d) 6,300 6,300 Residential Housing Finance Bonds Series 2003B 2.50%, 04/03/08 (a)(c) 6,000 6,000 Residential Housing Finance Bonds Series 2005M 2.30%, 04/03/08 (a)(c) 14,960 14,960 MINNESOTA HIGHER EDUCATION FACILITIES AUTH RB (Hamline Univ of Minnesota) Series Six-E1 2.23%, 04/03/08 (a)(b) 2,370 2,370 RB (Hamline Univ of Minnesota) Series Six-E2 2.23%, 04/03/08 (a)(b) 3,860 3,860 MINNESOTA PUBLIC FACILITIES AUTH Clean Water RB Series 2007A 2.20%, 04/03/08 (a)(c)(d) 21,235 21,235 ROCHESTER Health Care Facilities RB (Mayo Foundation) Series 2000A 2.05%, 06/06/08 21,000 21,000 ST CLOUD Health Care RB (CentraCare Health System) Series 2008A 2.07%, 04/03/08 (a)(b)(c) 7,780 7,780 Health Care RB (CentraCare Health System) Series 2008B 2.07%, 04/03/08 (a)(b)(c) 5,310 5,310 Health Care RB (CentraCare Health System) Series 2008C 2.20%, 04/03/08 (a)(b)(c) 5,000 5,000 ST LOUIS PARK M/F Housing RB (At The Park) Series 2002A 2.36%, 04/04/08 (a)(b) 3,300 3,300 ST PAUL HOUSING & REDEVELOPMENT AUTH District Heating RB Series 1999D 2.26%, 04/04/08 (a)(b) 2,760 2,760 WESTERN MINNESOTA MUNICIPAL POWER AGENCY Power Supply RB Series 2006A 3.80%, 07/10/08 (b)(c)(d) 27,820 27,820 -------------- 309,059 MISSISSIPPI 0.7% - -------------------------------------------------------------------------------- JACKSON CNTY Port Facility Refunding RB (Chevron USA) Series 1993 1.15%, 04/01/08 (a) 1,400 1,400 MISSISSIPPI BUSINESS FINANCE CORP IDRB (Electric Mills Wood Preserving) Series 1999 2.37%, 04/03/08 (a)(b) 5,000 5,000 RB (Chevron USA) Series 2007A 2.05%, 04/02/08 (a) 42,000 42,000 RB (Chevron USA) Series 2007B 1.95%, 04/02/08 (a) 13,000 13,000 RB (Chevron USA) Series 2007C 2.10%, 04/02/08 (a) 6,500 6,500 RB (Chevron USA) Series 2007D 2.05%, 04/02/08 (a) 12,000 12,000 RB (Chevron USA) Series 2007E 2.08%, 04/02/08 (a) 20,000 20,000 RB (Gulfport Promenade LLC) Series 2007 2.21%, 04/03/08 (a)(b) 7,000 7,000 S/F Mortgage Purchase Sr RB Series 1983 2.25%, 04/03/08 (a)(b)(c)(d) 18,665 18,665 -------------- 125,565 MISSOURI 1.4% - -------------------------------------------------------------------------------- JACKSON CNTY Special Obligation Bonds (Harry S. Truman Sports Complex) Series 2006 2.34%, 04/03/08 (a)(b)(c)(d) 12,470 12,470 KIRKWOOD SD EDUCATIONAL FACILITIES AUTH Leasehold RB Series 2005B 3.75%, 04/03/08 (a)(b)(c)(d) 7,900 7,900 MISSOURI HEALTH & EDUCATIONAL FACILITIES AUTH Educational Facilities RB (Saint Louis Univ) Series 2006A 4.15%, 04/01/08 (a)(b)(c) 30,945 30,945 Health Facilities RB (SSM Healthcare) Series 2005B 2.31%, 04/03/08 (a)(c)(d) 39,400 39,400 Health Facilities RB (SSM Healthcare) Series 2005C4 2.05%, 04/02/08 (a)(b)(c) 7,150 7,150 MISSOURI HOUSING DEVELOPMENT COMMISSION S/F Mortgage RB (Homeownership Loan Program) Series 2005B 2.34%, 04/03/08 (a)(b)(c)(d) 3,725 3,725 S/F Mortgage RB Series 2004A1 2.56%, 04/03/08 (a)(c)(d) 3,425 3,425 MISSOURI JOINT MUNICIPAL ELECTRIC UTILITY COMMISSION Power Project RB (Prairie State) Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 12,215 12,215 SPRINGFIELD Public Utility RB Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 30,520 30,520 3.50%, 04/03/08 (a)(b)(c)(d) 1,710 1,710
18 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) ST CHARLES CNTY IDA M/F Housing Refunding RB (Time Centre Apts Phase I) Series 2004A 2.24%, 04/03/08 (a)(b) 15,600 15,600 M/F Housing Refunding RB (Time Centre Apts Phase II) Series 2004B 2.28%, 04/03/08 (a)(b) 4,500 4,500 ST LOUIS Airport RB 2.23%, 04/03/08 (a)(b)(c)(d) 5,220 5,220 ST LOUIS IDA IDRB (Kessler Container) Series 1997A 2.20%, 04/03/08 (a)(b) 1,500 1,500 M/F Housing RB (Whispering Lakes Apts) Series 1995 2.31%, 04/03/08 (a)(b) 7,435 7,435 M/F Housing Refunding RB (Merchandise Mart Apts) Series 2005A 2.28%, 04/03/08 (a)(b) 10,475 10,475 UNIV OF MISSOURI Capital Projects Notes Series FY 2007-2008A 3.70%, 06/30/08 50,000 50,095 WASHINGTON IDA IDRB (Pauwels Transformers) Series 1995 2.35%, 04/03/08 (a)(b) 2,200 2,200 -------------- 246,485 NEBRASKA 1.0% - -------------------------------------------------------------------------------- CENTRAL PLAINS ENERGY PROJECT Gas Project RB (Project No.1) 2.35%, 04/03/08 (a)(b)(c)(d) 5,800 5,800 LINCOLN Electric System RB Series 2007A 5.00%, 04/03/08 (a)(b)(c)(d) 27,020 27,020 NEBRASKA PUBLIC POWER DISTRICT General RB Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 17,995 17,995 3.60%, 08/13/08 (b)(c)(d) 12,515 12,515 3.78%, 08/13/08 (b)(c)(d) 12,405 12,405 OMAHA PUBLIC POWER DISTRICT Electric System Subordinated RB Series 2006B 2.71%, 04/03/08 (a)(b)(c)(d) 5,068 5,068 Separate Electric System RB Series 2006A 3.71%, 04/03/08 (a)(b)(c)(d) 34,390 34,390 PUBLIC POWER GENERAL AGENCY RB (Whelan Energy Center Unit 2) Series 2007A 3.78%, 07/10/08 (b)(c)(d) 47,600 47,600 STANTON CNTY IDRB (Nucor Corp) Series 1996 2.35%, 04/02/08 (a) 19,300 19,300 -------------- 182,093 NEVADA 3.0% - -------------------------------------------------------------------------------- CLARK CNTY Airport Passenger Facility Charge RB Series 2007A1 2.30%, 04/03/08 (a)(b)(c)(d) 2,560 2,560 Airport Passenger Facility Charge RB Series 2007A2 3.80%, 04/03/08 (a)(b)(c)(d) 35,315 35,315 Airport System Refunding RB Series 1993A 3.15%, 04/02/08 (a)(b)(c) 90,100 90,100 GO (Limited Tax) Bank Bonds Series 2006 2.34%, 04/03/08 (a)(b)(c)(d) 8,970 8,970 2.60%, 04/03/08 (a)(b)(c)(d) 26,355 26,355 2.71%, 04/03/08 (a)(b)(c)(d) 7,015 7,015 GO (Limited Tax) Bond Bank Bonds Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 18,965 18,965 IDRB (Southwest Gas Corp) Series 2003A 2.30%, 04/02/08 (a)(b) 44,000 44,000 Sales & Excise Tax Revenue CP Notes Series 2008A&B 2.50%, 06/12/08 (b) 2,500 2,500 CLARK CNTY SD GO (Limited Tax) Building Bonds Series 2007C 2.28%, 04/02/08 (a)(c)(d) 12,000 12,000 GO (Limited Tax) Refunding Bonds Series 2007A 3.05%, 04/02/08 (a)(b)(c)(d) 10,595 10,595 2.34%, 04/03/08 (a)(b)(c)(d) 5,400 5,400 LAS VEGAS CONVENTION & VISITORS AUTH Refunding RB Series 2005 2.71%, 04/03/08 (a)(b)(c)(d) 4,120 4,120 LAS VEGAS VALLEY WATER DISTRICT GO (Limited Tax) Water CP Series 2004 A&B 0.75%, 06/10/08 (c) 15,000 15,000 2.40%, 06/10/08 (c) 20,000 20,000 1.05%, 06/10/08 (c) 8,900 8,900 2.00%, 06/10/08 (c) 22,800 22,773 2.10%, 06/10/08 (c) 10,300 10,300 2.10%, 06/10/08 (c) 14,100 14,100 GO (Limited Tax) Water Improvement Bonds Series 2006A 2.23%, 04/03/08 (a)(b)(c)(d) 28,085 28,085 NEVADA DEPT OF BUSINESS & INDUSTRY RB (LVE Energy Partners LLC) Series 2007 2.50%, 04/03/08 (a)(b) 13,100 13,100 NEVADA HOUSING DIVISION M/F Housing RB (Apache Pines Apts) Series 1999A 2.25%, 04/03/08 (a)(b) 7,415 7,415
19 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) M/F Housing RB (Banbridge Apts) Series 2000A 2.25%, 04/03/08 (a)(b) 3,960 3,960 M/F Housing RB (Silver Pines Apts) Series 2002A 2.25%, 04/03/08 (a)(b) 5,500 5,500 M/F Housing RB (St Rose Sr Apts) Series 2002A 2.25%, 04/03/08 (a)(b) 14,770 14,770 M/F Housing RB (Whispering Palms) Series 2000A 2.38%, 04/03/08 (a)(b)(c)(d) 5,175 5,175 M/F Housing Refunding RB (Oakmont) Series 2002 2.25%, 04/03/08 (a)(b) 4,350 4,350 NEVADA SYSTEM OF HIGHER EDUCATION Universities RB Series 2005B 2.27%, 04/03/08 (a)(b)(c)(d) 13,110 13,110 2.71%, 04/03/08 (a)(b)(c)(d) 4,975 4,975 NORTH LAS VEGAS GO Building Bonds Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 30,660 30,660 RENO Sr Lien Sales Tax Refunding RB (Reno Transportation Rail Access Corridor) Series 2008A 1.25%, 04/01/08 (a)(b) 21,500 21,500 TRUCKEE MEADOWS WATER AUTH Water Refunding RB Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 4,400 4,400 Water Refunding RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 5,895 5,895 Water Revenue CP Series 2006B 2.83%, 06/26/08 (b) 5,300 5,300 -------------- 527,163 NEW HAMPSHIRE 0.4% - -------------------------------------------------------------------------------- NEW HAMPSHIRE BUSINESS FINANCE AUTH Solid Waste Disposal RB (Lonza Biologics) Series 2003 2.31%, 04/03/08 (a)(b) 30,000 30,000 NEW HAMPSHIRE HEALTH & EDUCATIONAL FACILITIES AUTH RB (Easter Seals New Hampshire) Series 2004A 2.32%, 04/03/08 (a)(b) 6,060 6,060 RB (Frisbie Memorial Hospital) Series 2005 2.30%, 04/03/08 (a)(b) 3,800 3,800 RB (Riverwoods) Series 2003 2.23%, 04/03/08 (a)(b) 3,085 3,085 RB (Univ of New Hampshire) Series 2006A 3.00%, 03/26/09 (b) 30,000 30,000 NEW HAMPSHIRE HFA S/F Mortgage Acquisition RB Series 1997C 2.31%, 04/03/08 (a)(b)(c)(d) 935 935 -------------- 73,880 NEW JERSEY 0.6% - -------------------------------------------------------------------------------- NEW JERSEY ECONOMIC DEVELOPMENT AUTH Exempt Facility RB (Chambers Co- Generation) 2.33%, 04/02/08 (b) 12,100 12,100 Exempt Facility RB (Keystone) 0.95%, 06/09/08 (b) 5,000 5,000 2.25%, 06/09/08 (b) 7,000 7,000 RB (Hamilton Industrial Development) Series 1998 2.18%, 04/02/08 (a)(b) 4,755 4,755 RB (Princeton Day School Inc) Series 2005 2.27%, 04/02/08 (a)(b) 2,700 2,700 RB (Stone Brothers Secaucus) Series 2001 2.26%, 04/04/08 (a)(b) 1,495 1,495 Thermal Energy Facilities RB (Marina Energy LLC-2001) Series A 2.20%, 04/03/08 (a)(b) 1,400 1,400 NEW JERSEY EDUCATIONAL FACILITIES AUTH RB (Princeton Univ) Series 2007E 2.22%, 04/03/08 (a)(c)(d) 10,000 10,000 NEW JERSEY TOBACCO SETTLEMENT FINANCING CORP Tobacco Settlement Asset- Backed Bonds Series 2003 2.25%, 04/02/08 (a)(c)(d) 11,805 11,805 NEW JERSEY TRANSPORTATION TRUST FUND AUTH Transportation System Bonds Series 2005D 2.29%, 04/03/08 (a)(b)(c)(d) 3,520 3,520 Transportation System Bonds Series 2006A 2.22%, 04/03/08 (a)(b)(c)(d) 1,610 1,610 Transportation System Bonds Series 2007A 4.00%, 04/03/08 (a)(b)(c)(d) 17,520 17,520 Transportation System Capital Appreciation Bonds Series 2006C 2.24%, 04/03/08 (a)(b)(c)(d) 14,830 14,830 NEW JERSEY TURNPIKE AUTH Turnpike RB Series 2005C 2.19%, 04/03/08 (a)(b)(c)(d) 10,220 10,220 -------------- 103,955 NEW MEXICO 0.8% - -------------------------------------------------------------------------------- FARMINGTON Hospital RB (San Juan Regional Medical Center) Series 2004B 2.24%, 04/03/08 (a)(b) 5,000 5,000 NEW MEXICO TRAN Series 2007-2008 3.72%, 06/30/08 60,000 60,111
20 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) NEW MEXICO FINANCE AUTH State Transportation RB (Sr Lien) Series 2004A 2.34%, 04/03/08 (a)(b)(c)(d) 19,435 19,435 NEW MEXICO MORTGAGE FINANCE AUTH S/F Mortgage Program Bonds Draw Down Issue 2007 2.30%, 04/03/08 (a)(b)(c)(d) 32,774 32,773 SANTA FE Gross Receipt Tax (Subordinate Lien) Wastewater System RB Series 1997B 2.32%, 04/02/08 (a)(b) 15,900 15,900 -------------- 133,219 NEW YORK 5.7% - -------------------------------------------------------------------------------- ALBANY CNTY AIRPORT AUTH Airport Refunding RB Series 2008A 2.32%, 04/03/08 (a)(b) 8,320 8,320 GLEN COVE HOUSING AUTH Sr Living Facility RB (The Mayfair at Glen Cove) Series 1996 2.28%, 04/03/08 (a)(b)(c)(d) 5,535 5,535 LONG ISLAND POWER AUTH Electric System General RB Series 1998A 2.28%, 04/03/08 (a)(b)(c)(d) 2,110 2,110 Electric System Subordinated RB Series 1998-7B 3.25%, 04/02/08 (a)(b)(c) 35,355 35,355 METROPOLITAN TRANSPORTATION AUTH Transportation RB Series 2003A 2.26%, 04/03/08 (a)(b)(c)(d) 10,195 10,195 Transportation RB Series 2005B 2.79%, 04/03/08 (a)(b)(c)(d) 7,845 7,845 Transportation RB Series 2005G1 1.01%, 04/01/08 (a)(b) 1,750 1,750 NEW ROCHELLE IDA RB (West End Phase I Facility) Series 2006 2.45%, 04/03/08 (a)(b) 9,000 9,000 NEW YORK CITY GO Bonds Fiscal 1995 Series B4 1.50%, 04/01/08 (a)(b)(c) 7,000 7,000 GO Bonds Fiscal 1998 Series D 2.30%, 04/02/08 (a)(b)(c)(d) 10 10 GO Bonds Fiscal 2001 Series B 2.19%, 04/03/08 (a)(b)(c)(d) 1,380 1,380 GO Bonds Fiscal 2004 Series F 2.28%, 04/03/08 (a)(b)(c)(d) 170,000 170,000 GO Bonds Fiscal 2005 Series G 2.14%, 04/03/08 (a)(c)(d) 9,340 9,340 GO Bonds Fiscal 2005 Series J 2.14%, 04/03/08 (a)(c)(d) 9,570 9,570 GO Bonds Fiscal 2005 Series M 2.14%, 04/03/08 (a)(c)(d) 9,550 9,550 GO Bonds Fiscal 2005 Series O 2.14%, 04/03/08 (a)(c)(d) 3,350 3,350 GO Bonds Fiscal 2006 Series F1 2.27%, 04/03/08 (a)(b)(c)(d) 33,710 33,710 GO Bonds Fiscal 2006 Series I8 1.25%, 04/01/08 (a)(b) 8,800 8,800 GO Bonds Fiscal 2006 Series J1 2.26%, 04/03/08 (c)(b)(a)(d) 7,970 7,970 NEW YORK CITY HOUSING DEVELOPMENT CORP M/F Rental Housing RB (One Columbus Place) Series 1998A 2.17%, 04/02/08 (a)(b) 7,385 7,385 M/F Rental Housing RB (Related - Lyric Development) Series 2001A 2.15%, 04/02/08 (a)(b) 11,140 11,140 M/F Rental Housing RB (Sierra) Series 2003A 2.15%, 04/02/08 (a)(b) 18,585 18,585 M/F Rental Housing RB (The Nicole) Series 2005A 2.15%, 04/02/08 (a)(b) 10,200 10,200 M/F Rental Housing RB (Westport Development) Series 2004A 2.25%, 04/02/08 (a)(b) 49,000 49,000 NEW YORK CITY IDA Empowerment Zone RB (Tiago Holdings LLC) Series 2007 2.25%, 04/03/08 (a)(b) 16,000 16,000 Refunding IDRB (Allway Tools) Series 1997 2.47%, 04/03/08 (a)(b) 1,215 1,215 Special Facility RB (Korean Air Lines) Series 1997A 2.08%, 04/02/08 (a)(b) 16,700 16,700 NEW YORK CITY MUNICIPAL WATER FINANCE AUTH Water & Sewer System RB Fiscal 2000 Series C 1.06%, 04/01/08 (a)(c) 2,600 2,600 Water & Sewer System RB Fiscal 2006 Series A 2.14%, 04/03/08 (a)(c)(d) 4,020 4,020 Water & Sewer System RB Fiscal 2007 Series CC2 1.45%, 04/01/08 (a)(c) 1,000 1,000 Water & Sewer System RB Fiscal 2008 Series BB1 1.25%, 04/01/08 (a)(c) 5,700 5,700 NEW YORK CITY TRANSITIONAL FINANCE AUTH Building Aid RB Fiscal 2007 Series S1 2.31%, 04/03/08 (a)(b)(c)(d) 2,810 2,810 NEW YORK LIBERTY DEVELOPMENT CORP RB (Goldman Sachs Headquarters) Series 2005 & Series 2007 2.14%, 04/03/08 (a)(c)(d) 18,865 18,865
21 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) NEW YORK STATE HFA Housing RB (101 West End Ave) Series 1999A 2.08%, 04/02/08 (a)(b) 3,600 3,600 Housing RB (125 West 31st St) Series 2005A 2.10%, 04/02/08 (a)(b) 30,000 30,000 Housing RB (150 E 44th St) Series 2000A 2.08%, 04/02/08 (a)(b) 2,800 2,800 Housing RB (345 E 94th St) Series 1998A 2.07%, 04/02/08 (a)(b) 165 165 Housing RB (55 West 25th Street) Series 2005A 2.15%, 04/02/08 (a)(b) 123,000 123,000 Housing RB (900 Eighth Avenue) Series 2002A 1.88%, 04/02/08 (a)(b) 22,400 22,400 Housing RB (Avalon Bowery Place I) Series 2006A 2.07%, 04/02/08 (a)(b) 93,800 93,800 Housing RB (Chelsea Arms) Series 1998A 2.10%, 04/02/08 (a)(b) 5,000 5,000 Housing RB (Clinton Green North) Series 2005A 2.20%, 04/02/08 (a)(b) 2,000 2,000 Housing RB (E 84th St) Series 1995A 2.15%, 04/02/08 (a)(b) 22,500 22,500 Housing RB (Normandie Court II) Series 1999A 2.15%, 04/02/08 (a)(b) 7,330 7,330 Housing RB (Tribeca Landing) Series 1997A 2.10%, 04/02/08 (a)(b) 18,400 18,400 Housing RB (Worth St) Series 2001A 2.10%, 04/02/08 (a)(b) 2,600 2,600 NEW YORK STATE MORTGAGE AGENCY Homeowner Mortgage RB Series 79 2.25%, 04/03/08 (a)(c)(d) 14,995 14,995 NEW YORK STATE POWER AUTH CP Series 1 2.62%, 04/08/08 (c) 7,000 7,000 NEW YORK STATE URBAN DEVELOPMENT CORP State Personal Income Tax RB Series 2005B 2.23%, 04/03/08 (a)(c)(d) 8,000 8,000 ONONDAGA CNTY INDUSTRIAL DEVELOPMENT AGENCY Civic Facility RB (Syracuse Univ) Series 2008B 1.95%, 04/02/08 (a)(b) 3,240 3,240 PORT AUTH OF NEW YORK & NEW JERSEY Consolidated Bonds 135th Series 2.20%, 04/03/08 (a)(c)(d) 100 100 Consolidated Bonds 138th Series 2.25%, 04/03/08 (a)(b)(c)(d) 2,000 2,000 Consolidated Bonds 143rd Series 2.25%, 04/03/08 (a)(c)(d) 365 365 Consolidated Bonds 146th Series 2.43%, 04/02/08 (a)(b)(c)(d) 10,410 10,410 2.25%, 04/03/08 (a)(b)(c)(d) 13,100 13,100 2.25%, 04/03/08 (a)(b)(c)(d) 22,040 22,068 Consolidated Bonds 147th Series 2.30%, 04/03/08 (a)(b)(c)(d) 4,135 4,135 Consolidated Bonds 151st Series 2.29%, 04/03/08 (a)(c)(d) 4,900 4,900 TECP Series A 1.50%, 06/03/08 (c) 14,400 14,400 1.60%, 06/03/08 (c) 11,400 11,400 1.70%, 06/03/08 (c) 19,000 19,000 1.70%, 06/03/08 (c) 8,600 8,600 SALES TAX ASSET RECEIVABLE CORP RB Fiscal 2005 Series A 2.41%, 04/03/08 (a)(b)(c)(d) 5,235 5,235 TOMPKINS CNTY INDUSTRIAL DEVELOPMENT AGENCY Civic Facility RB (Cornell Univ) Series 2008A1 1.20%, 04/01/08 (a)(c) 2,525 2,525 Civic Facility RB (Cornell Univ) Series 2008A2 1.03%, 04/01/08 (a)(c) 3,180 3,180 -------------- 994,258 NORTH CAROLINA 1.6% - -------------------------------------------------------------------------------- CHARLOTTE Airport Refunding RB Series 1997A 2.90%, 04/02/08 (a)(b)(c) 28,545 28,545 DURHAM HOUSING AUTH M/F Housing RB (Pendleton Townhomes) Series 2001 2.19%, 04/02/08 (a)(b) 5,230 5,230 FORSYTH CNTY RB (Plymouth Printing Co) Series 1998 2.20%, 04/02/08 (a)(b) 300 300 HERTFORD CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH IDRB (Nucor Corp) Series 2000A 2.35%, 04/02/08 (a) 26,500 26,500 JOHNSTON CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTH IDRB (Flanders Corp) Series 1998 2.20%, 04/02/08 (b)(a) 4,500 4,500 MECKLENBURG CNTY COP Series 2008A 2.25%, 04/03/08 (a)(c) 10,000 10,000 M/F Housing RB (Sycamore Green Apts) Series 2001 2.20%, 04/03/08 (a)(b) 6,040 6,040 NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY RB (Duke Univ) Series 2006A 2.16%, 04/03/08 (a)(c)(d) 4,129 4,129 2.23%, 04/03/08 (a)(c)(d) 7,500 7,500
22 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Solid Waste Disposal RB (Duke Energy Carolinas) Series 2006A 2.20%, 04/03/08 (a)(b) 16,000 16,000 NORTH CAROLINA MEDICAL CARE COMMISSION Health Care Facilities RB (Novant Health) Series 2006 4.00%, 04/03/08 (a)(b)(c)(d) 11,420 11,420 4.28%, 04/03/08 (a)(b)(c)(d) 17,235 17,235 Hospital RB (CaroMont Health) Series 2008 1.83%, 04/02/08 (a)(b)(c) 10,000 10,000 RB (Duke Univ Health System) Series 2006AB 2.31%, 04/03/08 (a)(c)(d) 20,000 20,000 PIEDMONT TRIAD AIRPORT AUTH Airport RB Series 2008B 2.20%, 04/03/08 (a)(b) 4,100 4,100 RALEIGH Combined Enterprise System RB Series 2006A 2.24%, 04/03/08 (a)(c)(d) 6,400 6,400 RALEIGH-DURHAM AIRPORT AUTH Airport RB Series 2006A 2.50%, 04/02/08 (a)(b)(c) 74,000 74,000 Airport RB Series 2007 2.30%, 04/03/08 (a)(b)(c)(d) 2,645 2,645 SAMPSON CNTY INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCE AUTH IDRB (Crumpler Plastic Pipe) Series 1999 2.20%, 04/03/08 (a)(b) 1,200 1,200 UNIV OF NORTH CAROLINA AT CHAPEL HILL General Revenue & Refunding RB Series 2005A 2.16%, 04/03/08 (a)(c)(d) 4,980 4,980 WAKE CNTY HOUSING AUTH M/F Housing RB (Walnut Ridge Apts) Series 2000 2.19%, 04/02/08 (a)(b) 9,615 9,615 WILMINGTON HOUSING AUTH M/F Housing RB (Garden Lakes Estates) Series 1999 2.19%, 04/02/08 (a)(b) 6,540 6,540 -------------- 276,879 NORTH DAKOTA 0.3% - -------------------------------------------------------------------------------- NORTH DAKOTA HFA Home Mortgage Finance Program Series 2004B 2.16%, 04/02/08 (a)(c) 7,615 7,615 2.16%, 04/02/08 (a)(c) 12,990 12,990 Home Mortgage Finance Program Series 2005A 2.16%, 04/02/08 (a)(c) 22,100 22,100 Home Mortgage Finance Program Series 2005C 2.16%, 04/02/08 (a)(c) 12,000 12,000 RICHLAND CNTY Solid Waste Disposal RB (Minn-Dak Farmers Coop) Series 1996A 2.46%, 04/03/08 (a)(b) 3,440 3,440 Solid Waste Disposal RB (Minn-Dak Farmers Coop) Series 1996B 2.46%, 04/03/08 (a)(b) 315 315 -------------- 58,460 OHIO 1.5% - -------------------------------------------------------------------------------- AKRON, BATH & COPLEY JOINT TOWNSHIP HOSPITAL DISTRICT RB (Summa Health System) Series 2004B 2.27%, 04/03/08 (a)(b) 7,325 7,325 BUCKEYE TOBACCO SETTLEMENT FINANCING AUTH Tobacco Settlement Asset- Backed Bonds Series 2007A2 2.27%, 04/03/08 (a)(b)(c)(d) 26,235 26,235 BUTLER CNTY Hospital Facilities RB (Fort Hamilton Hospital) Series 2001D 2.23%, 04/03/08 (a)(b)(c)(d) 29,495 29,495 CINCINNATI SD Classroom Facilities Construction & Improvement Refunding Bonds Series 2006 2.23%, 04/03/08 (a)(b)(c)(d)(g) 46,690 46,690 CLEVELAND Airport System RB Series 2000C 2.20%, 04/03/08 (a)(b)(c)(d) 31,845 31,845 Water RB Series 2007 O 2.28%, 04/03/08 (a)(b)(c)(d) 14,850 14,850 COLUMBUS Sewerage System RB Series 2008A 2.29%, 04/03/08 (a)(c)(d) 1,400 1,400 COLUMBUS REGIONAL AIRPORT AUTHORITY Airport Refunding RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 5,010 5,010 COLUMBUS SD School Facilities Construction & Improvement Refunding Bonds Series 2006 2.29%, 04/03/08 (a)(b)(c)(d) 6,665 6,665 CUYAHOGA CNTY Economic Development RB (Hathaway Brown School) Series 1999 2.26%, 04/03/08 (a)(b) 11,345 11,345 HAMILTON CNTY Sales Tax Refunding Bonds Subordinate Series 2006A 2.29%, 04/03/08 (a)(b)(c)(d) 16,420 16,420 2.79%, 04/03/08 (a)(b)(c)(d) 32,530 32,530
23 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MILFORD EXEMPTED VILLAGE SD School Improvement Refunding Bonds Series 2007 2.29%, 04/03/08 (a)(b)(c)(d) 2,000 2,000 NORTHEAST OHIO REGIONAL SEWER DISTRICT Wastewater Improvement RB Series 2007 2.41%, 04/03/08 (a)(b)(c)(d) 5,585 5,585 OHIO RB (Pooled Financing) Series 2004 2.23%, 04/03/08 (a)(b) 4,380 4,380 OHIO HFA M/F Refunding RB (10 Wilmington Place) Series 1991B 2.26%, 04/04/08 (a)(b)(c) 8,945 8,945 Residential Mortgage RB Series 2001C 2.27%, 04/03/08 (a)(c)(d) 3,465 3,465 OHIO HIGHER EDUCATIONAL FACILITY COMMISSION RB (Pooled Financing) Series 2003B 2.23%, 04/03/08 (a)(b) 1,380 1,380 RICKENBACKER PORT AUTH Capital Funding RB (OASBO Expanded Asset Pooled Financing) Series 2002A 2.27%, 04/03/08 (a)(b)(c)(d) 5,700 5,700 -------------- 261,265 OKLAHOMA 0.4% - -------------------------------------------------------------------------------- OKLAHOMA DEVELOPMENT FINANCE AUTH RB (Shawnee Funding) Series 1996 2.19%, 04/02/08 (a)(b) 3,100 3,100 OKLAHOMA STATE TURNPIKE AUTH Turnpike System Refunding RB Second Sr Series 2006B 2.00%, 04/03/08 (a)(c) 6,670 6,670 Turnpike System Refunding RB Second Sr Series 2006C 2.00%, 04/03/08 (a)(c) 9,405 9,405 Turnpike System Refunding RB Second Sr Series 2006D 2.00%, 04/03/08 (a)(c) 14,900 14,900 OKLAHOMA STUDENT LOAN AUTH Bonds & Notes Series 1998A 11.00%, 04/02/08 (a)(b)(c) 18,100 18,100 Bonds & Notes Series 2000A4 11.00%, 04/02/08 (a)(b)(c) 20,945 20,945 -------------- 73,120 OREGON 1.0% - -------------------------------------------------------------------------------- MEDFORD HOSPITAL FACILITIES AUTH RB (Rogue Valley Manor) Series 2007 1.30%, 04/01/08 (a)(b) 22,250 22,250 OREGON TAN Series 2007A 3.63%, 06/30/08 120,000 120,249 OREGON ECONOMIC DEVELOPMENT COMMISSION RB (Pendleton Flour Mills) Series 1997-182 2.20%, 04/02/08 (a)(b) 2,420 2,420 OREGON HOUSING & COMMUNITY SERVICES DEPT Mortgage RB (S/F Mortgage Program) Series 2005F 2.15%, 04/02/08 (a)(c) 13,685 13,685 Mortgage RB (S/F Mortgage Program) Series 2007G 2.33%, 04/03/08 (a)(c)(d) 4,890 4,890 S/F Mortgage RB Series 2004L 2.15%, 04/02/08 (a)(c) 5,000 5,000 PORTLAND M/F Housing RB (Village of Lovejoy Fountain) Series 1997 2.32%, 04/02/08 (a)(b) 8,500 8,500 -------------- 176,994 PENNSYLVANIA 4.8% - -------------------------------------------------------------------------------- ABINGTON SD GO Bonds Series 2007 2.23%, 04/03/08 (a)(b)(c)(d) 630 630 ALLEGHENY CNTY GO Notes Series C60 2.21%, 04/03/08 (a)(b)(c)(d) 7,775 7,775 ALLEGHENY CNTY AIRPORT AUTH Refunding RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 5,555 5,555 ALLEGHENY CNTY HOSPITAL DEVELOPMENT AUTH RB (UPMC Sr Communities) Series 2003 2.21%, 04/03/08 (a)(b) 630 630 RB (UPMC) Series 2005B 2.35%, 04/15/08 (e) 12,534 12,534 RB (UPMC) Series 2007A2 2.23%, 04/03/08 (a)(c)(d) 68,995 68,995 RB (UPMC) Series 2007B1 2.29%, 04/03/08 (a)(b)(c)(d) 30,000 30,000 RB (UPMC) Series 2007B2 2.27%, 04/03/08 (a)(c)(d) 35,995 35,995 RB (UPMC) Series 2007C 2.29%, 04/03/08 (a)(b)(c)(d) 30,990 30,990 RB (UPMC) Series 2007D 2.23%, 04/03/08 (a)(c)(d) 35,680 35,680 BERMUDIAN SPRINGS SD GO Bonds Series 2005 2.24%, 04/03/08 (a)(b)(c) 1,800 1,800 CUMBERLAND CNTY MUNICIPAL AUTH RB Series 2003D 2.00%, 04/03/08 (a)(b) 10,000 10,000 DAUPHIN CNTY GENERAL AUTH RB (Education & Health Loan) Series 1997 8.00%, 04/03/08 (a)(b)(c) 3,575 3,575
24 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) RB (Hyatt Regency Pittsburgh International Airport Hotel) Series 1988 2.27%, 04/03/08 (a)(b)(c)(d) 21,392 21,392 DELAWARE CNTY IDA RB (YMCA of Philadelphia) Series 1999 2.20%, 04/02/08 (a)(b) 75 75 DELAWARE VALLEY REGIONAL FINANCE AUTH Local Government RB Series 1998A 2.24%, 04/03/08 (a)(b)(c)(d) 500 500 2.71%, 04/03/08 (a)(b)(c)(d) 11,060 11,060 DOWNINGTOWN AREA SD GO Bonds Series 2008 2.00%, 04/02/08 (a)(b)(c) 3,900 3,900 ERIE SD GO Bonds Series 2001A 2.24%, 04/03/08 (a)(b)(c)(d) 26,695 26,695 HARRISBURG AUTH Water Refunding RB Series 2002B 2.26%, 04/03/08 (a)(b)(c) 3,000 3,000 LUZERNE CNTY IDA RB (Methodist Homes) Series 2003 2.30%, 04/02/08 (a)(b) 175 175 MONTGOMERY CNTY IDA Pollution Control Refunding RB (Peco Energy Co) Series 1999A 1.90%, 04/02/08 (a)(b) 22,900 22,900 MOON IDA First Mortgage RB (Providence Point) Series 2007 2.00%, 04/03/08 (a)(b) 5,000 5,000 NORTHHAMPTON CNTY Cnty Agreement RB Series 2001 2.24%, 04/03/08 (a)(b)(c)(d) 9,995 9,995 RB (Binney & Smith) Series 1997B 2.15%, 04/02/08 (a)(b) 710 710 PENNSYLVANIA GO Bonds First Series of 2003 2.23%, 04/03/08 (a)(b)(c)(d) 3,645 3,645 GO Bonds Second Series 2002 2.23%, 04/03/08 (a)(b)(c)(d) 5,995 5,995 GO Bonds Second Series 2007A 2.16%, 04/03/08 (a)(c)(d) 5,380 5,380 GO Third Refunding Series 2004 2.21%, 04/03/08 (a)(b)(c)(d) 4,336 4,336 PENNSYLVANIA CONVENTION CENTER AUTH RB Series 1989A 2.79%, 04/03/08 (a)(b)(c)(d) 7,180 7,180 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCE AUTH Exempt Facilities RB (Amtrak) Series 2001B 2.28%, 04/03/08 (a)(b) 14,000 14,000 PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTH RB (PPL Energy Supply) Series 2007 1.45%, 04/01/08 (a)(b) 6,000 6,000 PENNSYLVANIA HFA S/F Mortgage RB Draw Down Series 2003A 2.75%, 06/01/08 (b) 3,070 3,070 S/F Mortgage RB Series 2004-82B 1.90%, 04/02/08 (a)(c) 9,650 9,650 S/F Mortgage RB Series 2004-83B 2.25%, 04/02/08 (a)(c) 1,945 1,945 S/F Mortgage RB Series 2005-88B 1.90%, 04/02/08 (a)(c) 7,605 7,605 S/F Mortgage RB Series 2007-100A 2.33%, 04/03/08 (a)(c)(d) 500 500 S/F Mortgage RB Series 2007-99A 2.33%, 04/03/08 (a)(c)(d) 2,250 2,250 PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY Student Loan RB Series 2006A 5.75%, 04/02/08 (a)(b)(c) 135,000 135,000 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTH RB (Univ of Pennsylvania) Series 2005C 2.29%, 04/03/08 (a)(c)(d) 4,870 4,870 PENNSYLVANIA PUBLIC SCHOOL BUILDING AUTH Lease RB (Philadelphia SD) Series 2006B 2.23%, 04/03/08 (a)(b)(c)(d) 28,265 28,265 PENNSYLVANIA STATE TURNPIKE COMMISSION RB Series 2002A3 2.05%, 04/02/08 (a)(c) 7,000 7,000 RB Series 2004A 2.71%, 04/03/08 (a)(b)(c)(d) 8,595 8,595 PENNSYLVANIA STATE UNIV Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 26,000 26,000 PHILADELPHIA Airport RB Series 2005A 3.50%, 04/03/08 (a)(b)(c)(d) 1,960 1,960 Airport RB Series 2007A 2.39%, 04/03/08 (a)(b)(c)(d) 2,800 2,800 GO Refunding Bonds Series 2007B 2.25%, 04/03/08 (a)(b)(c) 10,000 10,000 RB Series 2007A 2.29%, 04/03/08 (a)(b)(c)(d) 34,760 34,760 TRAN Series 2007-2008A 3.67%, 06/30/08 37,000 37,073 PHILADELPHIA IDA RB (30th Street Station) 2.75%, 04/02/08 (a)(b)(c) 13,900 13,900 RB (Fox Chase Cancer Center Obligated Group) Series 2007B 2.29%, 04/03/08 (a)(b)(c)(d) 5,000 5,000
25 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) PHILADELPHIA REDEVELOPMENT AUTH Qualified Redevelopment RB (Philadelphia Neighborhood Transformation Initiative) Series 2005B 2.27%, 04/03/08 (a)(b)(c)(d) 30,650 30,650 PHILADELPHIA SD TRAN Series 2007-2008A 3.72%, 06/27/08 (b) 40,000 40,072 PHILADELPHIA WATER & SEWER Water & Wastewater RB Series 2005A 2.30%, 04/02/08 (a)(b)(c)(d) 10,000 10,000 TEMPLE UNIV Univ Funding Obligations Series 2007 3.63%, 04/24/08 20,000 20,008 WILSON SD GO Bonds Series 2007 2.29%, 04/03/08 (a)(b)(c)(d) 1,140 1,140 -------------- 838,210 RHODE ISLAND 0.1% - -------------------------------------------------------------------------------- RHODE ISLAND ECONOMIC DEVELOPMENT CORP Airport RB Series 2005A 2.26%, 04/03/08 (a)(b)(c)(d) 3,925 3,925 4.32%, 04/03/08 (a)(b)(c)(d) 4,440 4,440 Airport Refunding RB Series 2005C 3.75%, 04/03/08 (a)(b)(c)(d) 4,750 4,750 RHODE ISLAND HOUSING & MORTGAGE FINANCE CORP Homeownership Opportunity Bonds Series 52B & 53B 2.26%, 04/03/08 (a)(c)(d) 6,295 6,295 RHODE ISLAND IDA IDRB (Greystone of Lincoln) Series 2000 2.50%, 04/03/08 (a)(b) 900 900 -------------- 20,310 SOUTH CAROLINA 0.8% - -------------------------------------------------------------------------------- BEAUFORT-JASPER HIGHER EDUCATION COMMISSION Student Housing RB (Univ of South Carolina-Beaufort) Series 2005 2.21%, 04/03/08 (a)(b) 16,460 16,460 BERKELEY CNTY SD School Building Bonds Series 2002 2.30%, 04/02/08 (a)(b)(c)(d) 7,575 7,575 GREENVILLE IDA IDRB (Stevens Aviation Technical Services) Series 1997 2.25%, 04/03/08 (a)(b) 3,500 3,500 SOUTH CAROLINA GO Bonds (Univ of South Carolina) Series 2006B 3.75%, 04/24/08 (c)(d) 4,125 4,125 SOUTH CAROLINA ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS Installment Purchase RB (Pickens Cnty SD) Series 2006 3.81%, 06/19/08 (c)(b)(d) 12,165 12,165 SOUTH CAROLINA HOUSING & DEVELOPMENT AUTH M/F Rental Housing RB (Ashley Apts) Series 1999 2.19%, 04/02/08 (a)(b) 3,785 3,785 M/F Rental Housing RB (Piedmont Manor Apts) Series 2000B1 2.19%, 04/02/08 (a)(b) 5,645 5,645 M/F Rental Housing RB (Spartanburg Terrace Apts) Series 2000C1 2.19%, 04/02/08 (a)(b) 1,960 1,960 M/F Rental Housing Refunding RB (Fairway Apts) Series 2001A 2.35%, 04/02/08 (a)(b) 7,735 7,735 SOUTH CAROLINA JOBS ECONOMIC DEVELOPMENT AUTH RB (Ashley Hall) Series 2007 2.10%, 04/03/08 (a)(b) 19,000 19,000 RB (Holcim) Series 2003 2.40%, 04/03/08 (a)(b) 6,250 6,250 RB (Innovative Fibers) Series 2007 2.20%, 04/03/08 (a)(b) 7,600 7,600 SOUTH CAROLINA PUBLIC SERVICE AUTH Revenue Obligations Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 5,970 5,970 Revenue Obligations Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 10,310 10,310 2.39%, 04/03/08 (a)(b)(c)(d) 4,785 4,785 TECP 1.95%, 06/06/08 (c) 17,015 17,015 SPARTANBURG CNTY IDA Refunding IDRB (Bemis Co) Series 1991 2.15%, 04/03/08 (a)(b) 4,750 4,750 -------------- 138,630 SOUTH DAKOTA 0.2% - -------------------------------------------------------------------------------- SOUTH DAKOTA HEALTH & EDUCATIONAL FACILITIES AUTH RB (McKenna Hospital) Series 1994 4.50%, 04/04/08 (a)(b)(c) 23,625 23,625 SOUTH DAKOTA HOUSING DEVELOPMENT AUTH Homeownership Mortgage Bonds Series 2004G 2.15%, 04/02/08 (a)(c) 11,000 11,000 M/F Housing RB (Harmony Heights) Series 2001 2.36%, 04/03/08 (a)(b) 6,500 6,500 -------------- 41,125
26 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) TENNESSEE 2.4% - -------------------------------------------------------------------------------- CARTER CNTY IDB M/F Housing Refunding RB (Willow Run Apts) Series 1990 2.36%, 04/04/08 (a)(b) 6,675 6,675 CHATTANOOGA HEALTH, EDUCATION & HOUSING FACILITY BOARD RB (Baylor School) Series 1996 2.09%, 04/02/08 (a)(b) 1,215 1,215 CLARKSVILLE PUBLIC BUILD AUTH Financing RB (Murfreesboro Loans) Series 2008 2.09%, 04/03/08 (a)(b) 7,000 7,000 Pooled Financing RB Series 2003 1.15%, 04/01/08 (a)(b) 2,685 2,685 FRANKLIN CNTY IDB IDRB (Hi-Tech) Series 1997 2.31%, 04/02/08 (a)(b) 2,400 2,400 GRUNDY CNTY IDB Limited Obligation RB (Toyo Seat USA Corp) Series 2001 2.40%, 04/03/08 (a)(b) 2,385 2,385 HENDERSONVILLE IDB Refunding IDRB (Betty Machine Co) Series 2001 2.19%, 04/02/08 (a)(b) 2,945 2,945 JACKSON HEALTH, EDUCATIONAL & HOUSING FACILITY BOARD M/F Housing RB (Patrician Terrace Apts) Series 2005 2.28%, 04/03/08 (a)(b) 2,400 2,400 JACKSON IDB Solid Waste Facility Bonds (Ameristeel Corp) Series 1997 2.20%, 04/03/08 (a)(b) 3,800 3,800 JOHNSON CITY HEALTH & EDUCATIONAL FACILITIES BOARD Hospital RB (Mountain States Health Alliance) Series 2008A 1.90%, 04/02/08 (a)(b) 7,770 7,770 Hospital RB (Mountain States Health Alliance) Series 2007A 1.83%, 04/02/08 (a)(b) 34,355 34,355 MCMINN CNTY IDA Solid Waste Disposal Facilities RB (Bowater) Series 1999 2.15%, 04/03/08 (a)(b) 13,500 13,500 METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON GO Bonds Series 2008 2.29%, 04/03/08 (a)(c)(d) 43,700 43,700 Water & Sewer Refunding RB Series 2008A 2.27%, 04/03/08 (a)(b)(c)(d) 6,200 6,200 METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON CNTY HEALTH & EDUCATIONAL FACILITIES BOARD M/F Housing RB (Burning Tree Apts) Series 2005 2.28%, 04/03/08 (a)(b) 8,460 8,460 M/F Housing RB (Chippington Tower Apts I & II) Series 2005 2.37%, 04/03/08 (a)(b) 13,500 13,500 M/F Housing Refunding RB (Brentwood Oaks Apts) Series 1991 2.24%, 04/03/08 (a)(b) 11,320 11,320 METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON CNTY IDB M/F Housing RB (Arbor Crest) Series 1985B 2.23%, 04/03/08 (a)(b) 12,750 12,750 M/F Housing RB (Arbor Knoll) Series 1985A 2.23%, 04/03/08 (a)(b) 13,400 13,400 RB (Nashville Symphony Hall) Series 2004 2.10%, 04/03/08 (a)(b) 17,075 17,075 RB (YMCA) Series 2007 2.10%, 04/03/08 (a)(b) 16,440 16,440 METROPOLITAN NASHVILLE AIRPORT AUTH Passenger Facility Charge Refunding Bonds Series 2003 2.19%, 04/02/08 (a)(b) 4,020 4,020 MONTGOMERY CNTY PUBLIC BUILDING AUTH Pooled Financing RB (Tennessee Cnty Loan Pool) Series 1997 2.10%, 04/03/08 (a)(b) 17,550 17,550 Pooled Financing RB (Tennessee Cnty Loan Pool) Series 2002 1.15%, 04/01/08 (a)(b) 2,890 2,890 SHELBY CNTY HEALTH, EDUCATION & HOUSING FACILITY BOARD RB (Rhodes College) Series 2000 2.21%, 04/03/08 (a)(b) 9,295 9,295 RB (St Benedict at Auburndale High School) Series 2003 2.21%, 04/03/08 (a)(b) 4,800 4,800 RB (The Hutchison School) Series 2005 2.21%, 04/03/08 (a)(b) 9,860 9,860 TENNERGY CORP Gas RB Series 2006A 2.29%, 04/03/08 (a)(b)(c)(d)(g) 103,880 103,880 TENNESSEE ENERGY ACQUISITION CORP Gas Project RB Series 2006A 2.24%, 04/03/08 (a)(b)(c)(d) 11,250 11,250 Jr Gas Project RB Series 2006B 2.32%, 04/03/08 (a)(b)(c)(d) 4,966 4,966 TENNESSEE HOUSING DEVELOPMENT AGENCY Homeownership Program Bonds Series 2001-1C 2.27%, 04/03/08 (a)(c)(d) 4,550 4,550
27 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) TENNESSEE HOUSING DEVELOPMENT AUTH Homeownership Program Bonds Issue 20074 2.43%, 04/02/08 (a)(c)(d) 18,475 18,475 -------------- 421,511 TEXAS 11.6% - -------------------------------------------------------------------------------- AMARILLO HEALTH FACILITY CORP Refunding RB (Evangelical Lutheran Good Samaritan Society) Series 1997 2.38%, 04/03/08 (a)(b) 3,155 3,155 AUSTIN Electric Utility System Refunding RB Series 2006 2.21%, 04/03/08 (a)(b)(c)(d) 6,245 6,245 Public Improvement Bonds Series 2000 2.24%, 04/03/08 (a)(c)(d) 5,570 5,570 Refunding Bonds (Town Lake Park Community Events Center) Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 1,300 1,300 Water & Wastewater Refunding Bonds Series 2001A&B 2.30%, 04/02/08 (a)(b)(c)(d) 6,425 6,425 2.27%, 04/03/08 (a)(b)(c)(d) 4,600 4,600 Water & Wastewater Refunding RB Series 2005 2.41%, 04/03/08 (a)(b)(c)(d) 3,010 3,010 BEXAR CNTY HOUSING FINANCE CORP M/F Housing RB (Villages at Lost Creek Apts) Series 2006A1 2.27%, 04/03/08 (a)(b)(c)(d) 9,160 9,160 BRAZOS CNTY HEALTH FACILITIES DEVELOPMENT CORP RB (Franciscan Services Corp Obligated Group) Series 1997A&B 3.21%, 04/03/08 (a)(b)(c)(d) 53,540 53,540 BRAZOS RIVER AUTH Pollution Control Refunding RB (TXU Energy Co) Series 2001A 2.30%, 04/02/08 (a)(b) 10,000 10,000 BRAZOS RIVER HARBOR NAVIGATION DISTRICT RB (Dow Chemical) Series 2002B 2.27%, 04/03/08 (a)(b)(c)(d) 4,070 4,070 CADDO MILLS ISD Unlimited Tax School Building Bonds Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 5,283 5,283 COLLIN CNTY HFA M/F Housing RB (Huntington Apts) Series 1996 2.30%, 04/03/08 (a)(b) 6,150 6,150 CYPRESS-FAIRBANKS ISD Unlimited Tax Schoolhouse & Refunding Bonds Series 2006 2.23%, 04/03/08 (a)(b)(c)(d) 4,770 4,770 DALLAS GO Bonds Series 2005 2.24%, 04/03/08 (a)(c)(d)(g) 31,840 31,840 Waterworks & Sewer System CP Series B 2.00%, 06/26/08 (c) 7,000 7,000 2.10%, 06/26/08 (c) 32,607 32,607 DALLAS AREA RAPID TRANSIT Sr Lien Sales Tax Refunding RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 4,940 4,940 2.71%, 04/03/08 (a)(b)(c)(d) 32,425 32,425 DALLAS FORT WORTH INTERNATIONAL AIRPORT Joint Improvement RB Series 2003A 2.26%, 04/03/08 (a)(b)(c)(d) 14,990 14,990 2.39%, 04/03/08 (a)(b)(c)(d) 2,500 2,500 DALLAS ISD Unlimited Tax School Building Bonds Series 2006 2.23%, 04/03/08 (a)(b)(c)(d)(g) 29,140 29,140 DALLAS WATER & SEWER UTILITIES Refunding & Improvement RB Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 6,485 6,485 DENTON UTILITY SYSTEM RB Series 2000A 2.21%, 04/03/08 (a)(b)(c)(d) 5,230 5,230 DICKINSON ISD Unlimited Tax Schoolhouse & Refunding Bonds Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 1,895 1,895 DUNCANVILLE ISD Unlimited Tax Refunding Bonds Series 2005 2.24%, 04/03/08 (a)(b)(c)(d) 4,355 4,355 EL PASO GO Bonds Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 7,490 7,490 EL PASO CNTY HOSPITAL DISTRICT Combination Tax and Revenue Certificates of Obligation Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 20,005 20,005 EL PASO ISD Unlimited Tax School Building Bonds Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 8,740 8,740 GALVESTON CNTY GO Refunding Bonds Series 2007 2.26%, 04/03/08 (a)(b)(c)(d) 6,240 6,240 GARLAND ISD Unlimited Tax School Building Bonds Series 2004B 3.90%, 06/16/08 (b)(c) 6,800 6,783 GRAND PRAIRIE IDA IDRB (NTA Leasing Co) Series 1994 2.40%, 04/02/08 (a)(b) 1,025 1,025
28 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) GRAPEVINE IDA Airport Improvement RB (Simuflite Training International) Series 1983A 2.45%, 04/01/08 (b) 38,000 38,000 GREATER EAST TEXAS STUDENT LOAN CORP RB Series 1992B 3.85%, 07/01/08 (b) 14,000 14,000 RB Series 1995B 3.85%, 07/01/08 (b) 10,000 10,000 GREATER TEXAS STUDENT LOAN CORP RB Series 1998A 2.25%, 04/03/08 (a)(b) 10,250 10,250 GULF COAST IDA IDRB (Gruma Corp) Series 1994 2.35%, 04/02/08 (a)(b) 6,440 6,440 GULF COAST WASTE DISPOSAL AUTH Environmental Facilities RB (ExxonMobil) Series 2000 1.00%, 04/01/08 (a) 6,400 6,400 Environmental Facilities RB (ExxonMobil) Series 2001A 1.00%, 04/01/08 (a) 20,600 20,600 Environmental Facilities RB (ExxonMobil) Series 2001B 1.00%, 04/01/08 (a) 7,500 7,500 HARRIS CNTY Permanent Improvement Refunding Bonds Series 2004A 2.24%, 04/03/08 (a)(c)(d) 20,875 20,875 Permanent Improvement Refunding Bonds Series 2006A & Unlimited Tax Road & Refunding Bonds Series 2006B 2.29%, 04/03/08 (a)(c)(d) 5,800 5,800 Toll Road Sr Lien Refunding RB Series 2005A 2.29%, 04/03/08 (a)(b)(c)(d) 3,845 3,845 Unlimited Tax Road Refunding Bonds Series 2008A 2.24%, 04/03/08 (a)(c)(d) 2,500 2,500 HARRIS CNTY FLOOD CONTROL DISTRICT Improvement Bonds Series 2007 2.29%, 04/03/08 (a)(c)(d) 1,315 1,315 HARRIS CNTY HEALTH FACILITIES DEVELOPMENT CORP Hospital Refunding RB (Memorial Hermann Healthcare System) Series 2008A 2.05%, 04/02/08 (a)(b)(c) 20,000 20,000 HARRIS CNTY HFA M/F Housing RB (Village At Cornerstone Apts) Series 2004 2.15%, 04/03/08 (a)(b) 8,360 8,360 HARRIS CNTY HOUSING FINANCE CORP M/F Housing RB (Lafayette Village Apts) Series 2006 2.15%, 04/03/08 (a)(b) 7,100 7,100 HARRIS COUNTY HOUSING FINANCE CORP M/F Housing RB (Dominion Square Apts) Series 2000 2.77%, 04/03/08 (a)(b) 40 40 HOUSTON Airport System Subordinate Lien Refunding RB Series 2007B 2.27%, 04/03/08 (a)(b)(c)(d) 23,000 23,000 First Lien Refunding RB Series 2004A 2.24%, 04/03/08 (a)(b)(c)(d) 14,530 14,530 Public Improvement Refunding Bonds Series 1998A 2.25%, 04/03/08 (a)(c)(d) 21,650 21,650 Water & Sewer System Jr Lien Refunding RB Series 2002A 2.24%, 04/03/08 (a)(b)(c)(d) 6,530 6,530 HOUSTON COMBINED UTILITY SYSTEM First Lien Refunding RB Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 5,170 5,170 HOUSTON HIGHER EDUCATION FINANCE CORP Higher Education RB (Rice Univ) Series 2007A 2.23%, 04/03/08 (a)(c)(d) 3,430 3,430 2.29%, 04/03/08 (a)(c)(d) 9,240 9,240 Higher Education Refunding RB (Rice Univ) Series 2006B 1.95%, 04/02/08 (a)(c) 4,700 4,700 HOUSTON ISD Limited Tax School Building Bonds Series 2005 2.26%, 04/03/08 (a)(b)(c)(d) 11,550 11,550 Limited Tax Schoolhouse & Refunding Bonds Series 2003 2.24%, 04/03/08 (a)(b)(c)(d) 5,245 5,245 JEWETT ECONOMIC DEVELOPMENT CORP IDRB (Nucor Corp) Series 2003 2.35%, 04/02/08 (a) 6,200 6,200 KATY ISD Unlimited Tax School Building Bonds Series 2000A 2.24%, 04/03/08 (a)(b)(c)(d) 9,095 9,095 KELLER ISD Unlimited Tax School Building & Refunding Bonds Series 2005 2.26%, 04/03/08 (a)(b)(c)(d) 4,775 4,775 KENDALL CNTY HEALTH FACILITIES DEVELOPMENT CORP Health Care RB (Morningside Ministries) Series 2008 2.12%, 04/03/08 (a)(b) 5,900 5,900 KLEIN ISD Unlimited Tax Schoolhouse Bonds Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 12,805 12,805
29 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) LAMAR CONSOLIDATED ISD Unlimited Tax Schoolhouse Bonds Series 2007 2.23%, 04/03/08 (a)(b)(c)(d) 4,950 4,950 2.29%, 04/03/08 (a)(b)(c)(d) 8,205 8,205 LAVACA-NAVIDAD RIVER AUTH Water Supply System Contract RB (Formosa Plastics Corp) Series 1990 2.07%, 04/02/08 (a)(b)(e) 13,600 13,600 LEANDER ISD Unlimited Tax School Building & Refunding Bonds Series 2003 2.23%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 LOVEJOY ISD Unlimited Tax School Building Bonds Series 2008 2.27%, 04/03/08 (a)(b)(c)(d) 3,275 3,275 LOWER COLORADO RIVER AUTH Refunding RB Series 1999A 2.28%, 04/03/08 (a)(b)(c)(d) 10,770 10,770 MANOR ISD Unlimited Tax School Building Bonds Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 4,920 4,920 MANSFIELD IDA IDRB (Southern Champion Tray) Series 1999 2.19%, 04/02/08 (a)(b) 800 800 MCALLEN ISD Unlimited Tax School Building & Refunding Bonds Series 2005 2.25%, 04/02/08 (a)(b)(c)(d) 11,000 11,000 MIDLOTHIAN ISD Unlimited Tax School Building & Refunding Bonds Series 2004 2.30%, 04/03/08 (a)(b)(c)(d) 8,840 8,840 MONTGOMERY CNTY Unlimited Tax Road Bonds Series 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 4,235 4,235 NORTH EAST ISD Unlimited Tax Refunding Bonds Series 2005 2.29%, 04/03/08 (a)(b)(c)(d) 2,680 2,680 Unlimited Tax Refunding Bonds Series 2007 2.23%, 04/03/08 (a)(b)(c)(d) 13,430 13,430 2.24%, 04/03/08 (a)(b)(c)(d) 12,265 12,265 Unlimited Tax School Building Bonds Series 2004 2.26%, 04/03/08 (a)(b)(c)(d) 5,820 5,820 Unlimited Tax School Building Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 5,535 5,535 2.29%, 04/03/08 (a)(b)(c)(d) 9,070 9,070 NORTH TEXAS HIGHER EDUCATION AUTH RB Series 2007A 2.30%, 04/02/08 (a)(b) 25,650 25,650 Student Loan RB Series 1998 2.20%, 04/02/08 (a)(b) 9,000 9,000 NORTH TEXAS MUNICIPAL WATER DISTRICT RB Series 2006 2.29%, 04/03/08 (a)(b)(c)(d) 7,305 7,305 2.34%, 04/03/08 (a)(b)(c)(d) 4,910 4,910 NORTHWEST ISD Unlimited Tax Refunding Bonds Series 2005 2.23%, 04/03/08 (a)(b)(c)(d) 29,005 29,005 Unlimited Tax School Building Bonds Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 3,595 3,595 PANHANDLE PLAINS HIGHER EDUCATION AUTH Student Loan RB Series 1991A 5.75%, 04/02/08 (a)(b)(c) 32,700 32,700 Student Loan RB Series 1992A 5.75%, 04/02/08 (a)(b)(c) 7,300 7,300 5.75%, 04/02/08 (a)(b)(c) 22,000 22,000 Student Loan RB Series 1993A 5.75%, 04/02/08 (a)(b)(c) 48,800 48,800 PEARLAND ISD Unlimited Tax Schoolhouse RB Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 6,000 6,000 RIESEL INDUSTRIAL DEVELOPMENT CORPORATION Solid Waste Disposal RB (Sandy Creek Energy Associates) Series 2007 2.28%, 04/02/08 (a)(b) 11,250 11,250 SAN ANTONIO Electric & Gas Systems RB New Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 Revenue Improvement Bonds Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 7,565 7,565 SAN ANTONIO ELECTRIC & GAS SYSTEM Electric & Gas Systems Refunding RB New Series 2007 2.23%, 04/03/08 (a)(c)(d) 29,700 29,700 2.29%, 04/03/08 (a)(c)(d) 3,740 3,740 SAN ANTONIO EMPOWERMENT ZONE DEVELOPMENT CORP Contract RB (Drury Southwest Hotel) Series 2005 2.20%, 04/03/08 (a)(b) 10,450 10,450 SAN ANTONIO IDA IDRB (Gruma Corp) Series 1994 2.35%, 04/02/08 (a)(b) 4,095 4,095 SAN ANTONIO ISD Unlimited Tax Refunding Bonds Series 2006 2.29%, 04/03/08 (a)(b)(c)(d) 5,815 5,815 SEMINOLE ISD Unlimited Tax School Building Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 4,245 4,245
30 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SOUTHEAST TEXAS HOUSING FINANCE CORP M/F Housing RB (Piedmont Apts) Series 2006 2.15%, 04/03/08 (a)(b) 14,000 14,000 SOUTHWEST ISD Unlimited Tax Refunding Bonds Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 1,500 1,500 SPRING ISD Unlimited Tax Schoolhouse & Refunding Bonds Series 2008A 2.23%, 04/03/08 (a)(b)(c)(d) 11,435 11,435 Unlimited Tax Schoolhouse Bonds Series 2005 2.26%, 04/03/08 (a)(b)(c)(d) 26,645 26,645 TARRANT CNTY CULTURAL EDUCATION FACILITIES FINANCE CORP Texas Health Resources System Refunding RB Series 2007A 2.24%, 04/03/08 (a)(c)(d) 8,625 8,625 TEXAS GO Bonds (Veterans' Housing Assistance Program-Fund II) Series 2002A2 2.30%, 04/02/08 (a)(c) 6,000 6,000 GO Refunding Bonds (College Student Loan) Series 2003 3.93%, 07/01/08 (c) 10,630 10,630 3.93%, 02/01/09 (c) 20,000 20,000 Texas College Student Loan Bonds Series 2007 2.30%, 04/03/08 (a)(c)(d) 2,405 2,405 TRAN Series 2007 4.50%, 08/28/08 200,000 200,644 TEXAS A&M BOARD OF REGENTS Permanent Univ Fund Bonds Series 1998 2.23%, 04/03/08 (a)(c)(d) 25,695 25,695 TEXAS DEPT OF HOUSING & COMMUNITY AFFAIRS M/F Housing RB (Atascocita Pines Apts) Series 2005 2.15%, 04/03/08 (a)(b) 11,900 11,900 M/F Housing RB (Bristol Apts) Series 2004 2.15%, 04/03/08 (a)(b) 8,400 8,400 M/F Housing RB (Creek Point Apts) Series 2000 2.26%, 04/02/08 (a)(b) 6,470 6,470 M/F Housing RB (Montgomery Pines Apts) Series 2004 2.15%, 04/03/08 (a)(b) 12,300 12,300 M/F Housing RB (Pinnacle Apts) Series 2004 2.15%, 04/03/08 (a)(b) 6,900 6,900 M/F Housing RB (Tower Ridge Apts) Series 2005 2.37%, 04/03/08 (a)(b) 15,000 15,000 Residential Mortgage RB Series 1998A 2.27%, 04/03/08 (a)(c)(d) 14,950 14,950 Residential Mortgage Refunding RB Series 2003A 2.26%, 04/03/08 (a)(c)(d) 10,000 10,000 S/F Mortgage RB Series 2002 A&B 2.37%, 04/03/08 (a)(b)(c)(d) 4,005 4,005 TEXAS DEPT OF TRANSPORTATION GO Mobility Fund Bonds Series 2006 2.24%, 04/03/08 (a)(c)(d) 3,000 3,000 2.27%, 04/03/08 (a)(c)(d) 7,585 7,585 GO Mobility Fund Bonds Series 2007 2.23%, 04/03/08 (a)(c)(d) 43,750 43,750 GO Mobility Funds Series 2006 2.20%, 04/03/08 (a)(c)(d) 6,775 6,775 State Highway Fund Revenue CP Notes Series A 1.60%, 05/02/08 (b) 6,750 6,750 2.40%, 05/02/08 (b) 30,000 30,000 TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP II Gas Supply RB Series 2007A 2.33%, 04/03/08 (a)(b)(c)(d) 28,330 28,330 Gas Supply RB Series 2007AB 2.35%, 04/03/08 (a)(b)(c)(d) 69,985 69,985 Gas Supply RB Series 2007B 2.31%, 04/03/08 (a)(b)(c)(d) 71,000 71,000 TEXAS PUBLIC FINANCE AUTH Unemployment Compensation Obligation Assessment RB Series 2003C4 1.95%, 06/06/08 (c) 12,600 12,600 TEXAS STATE AFFORDABLE HOUSING CORP S/F Mortgage RB (Professional Educators Home Loan Program) Series 2006A 2.40%, 04/02/08 (a)(c)(d) 17,159 17,159 TEXAS STATE UNIV SYSTEM BOARD OF REGENTS Revenue Financing System RB Series 2006 2.23%, 04/03/08 (a)(b)(c)(d) 19,335 19,335 TEXAS TRANSPORTATION COMMISSION GO Mobility Fund Bonds Series 2006 2.24%, 04/03/08 (a)(c)(d) 11,665 11,665 GO Mobility Fund Bonds Series 2006A 2.29%, 04/03/08 (a)(c)(d) 2,200 2,200 GO Mobility Fund Bonds Series 2007 2.23%, 04/03/08 (a)(c)(d) 30,500 30,500 GO Mobility Fund Bonds Series 2005A 2.24%, 04/03/08 (a)(c)(d) 5,920 5,920 2.24%, 04/03/08 (a)(c)(d) 4,700 4,700 TEXAS WATER DEVELOPMENT BOARD GO Water Financial Assistance Bonds Series 2007D 2.30%, 04/03/08 (a)(c)(d) 2,905 2,905
31 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) TRINITY RIVER AUTH Solid Waste Disposal RB (Community Waste Disposal) Series 1999 2.35%, 04/02/08 (a)(b) 2,200 2,200 UNIV OF TEXAS Permanent Univ Fund Notes Series A 1.15%, 06/09/08 10,780 10,748 1.95%, 06/09/08 15,000 15,000 2.10%, 06/09/08 7,000 7,000 3.35%, 06/09/08 13,878 13,878 3.35%, 06/09/08 15,000 15,000 Permanent Univ Fund Refunding Bonds Series 2006B 2.20%, 04/03/08 (a)(c)(d) 16,753 16,754 2.24%, 04/03/08 (a)(c)(d) 14,380 14,380 Refunding Bonds Series 2007B 1.95%, 04/03/08 (a) 23,000 23,000 Revenue Financing System Bonds Series 2008B 2.10%, 04/01/08 (a) 11,400 11,400 2.07%, 04/03/08 (a) 20,520 20,520 WACO HEALTH FACILITIES DEVELOPMENT CORP Mortgage RB (Hillcrest Health System) Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 10,870 10,870 WEST UNIV PLACE Permanent Improvement Refunding Bonds Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 4,960 4,960 -------------- 2,036,706 UTAH 0.9% - -------------------------------------------------------------------------------- INTERMOUNTAIN POWER AGENCY Power Supply RB Series 1985F 2.75%, 09/15/08 (b)(c) 5,000 5,000 3.51%, 09/15/08 (b)(c) 4,000 4,000 Power Supply Refunding RB Series 1985E 2.75%, 09/15/08 (b)(c) 29,000 29,000 RIVERTON Hospital RB (IHC Health Services) Series 2007A 2.29%, 04/03/08 (a)(c)(d) 14,015 14,015 SALT LAKE CITY Hospital RB (IHC Health Services) Series 2001 2.40%, 04/03/08 (a)(b)(c)(d) 22,950 22,950 UNIV OF UTAH Student Loan RB Series 1993A 2.30%, 04/02/08 (a)(b) 5,000 5,000 UTAH BUILDING OWNERSHIP AUTH Lease Refunding RB Series 1998C 2.28%, 04/03/08 (a)(b)(c)(d) 9,695 9,695 UTAH STATE BOARD OF REGENTS Hospital Refunding RB (Univ of Utah) Series 2006A 3.78%, 08/13/08 (b)(c)(d)(g) 49,510 49,510 UTAH TRANSIT AUTH Subordinated Sales Tax Refunding RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 7,430 7,430 2.24%, 04/03/08 (a)(b)(c)(d) 10,610 10,610 -------------- 157,210 VERMONT 0.1% - -------------------------------------------------------------------------------- VERMONT ECONOMIC DEVELOPMENT AUTH IDRB (Agri-Mark) Series 1999A 2.36%, 04/03/08 (a)(b) 17,000 17,000 IDRB (Agri-Mark) Series 1999B 2.36%, 04/03/08 (a)(b) 1,000 1,000 -------------- 18,000 VIRGINIA 1.5% - -------------------------------------------------------------------------------- ARLINGTON CNTY IDA M/F Housing RB (Gates of Ballston Apts) Series 2005 2.32%, 04/02/08 (a)(b) 14,500 14,500 CHESTERFIELD CNTY ECONOMIC DEVELOPMENT AUTH RB (Bon Secours Health System) Series 2008C1 2.05%, 04/02/08 (a)(b)(c) 7,140 7,140 HENRICO ECONOMIC DEVELOPMENT AUTH RB (Bon Secours Health System ) Series 2008B1 2.07%, 04/02/08 (a)(b)(c) 5,145 5,145 RB (Bon Secours Health System) Series 2008B2 2.07%, 04/02/08 (a)(b)(c) 5,150 5,150 KING GEORGE CNTY Solid Waste Disposal Facility RB (Garnet) Series 1996 2.20%, 04/03/08 (a)(b) 3,700 3,700 NEWPORT NEWS IDA RB (CNU Warwick Student Apts) Series 2004 2.10%, 04/03/08 (a)(b) 4,000 4,000 PORTSMOUTH REDEVELOPMENT & HOUSING AUTH M/F Housing RB (Churchland North Apts) Series 1999 2.19%, 04/02/08 (a)(b) 6,070 6,070 RUSSELL CNTY IDA Hospital RB (Mountain States Alliance) Series 2008B 1.90%, 04/02/08 (a)(b) 27,115 27,115 SMYTH CNTY IDA Hospital RB (Mountain States Health Alliance) Series 2007C 1.83%, 04/02/08 (a)(b) 36,575 36,575 VIRGINIA BEACH DEVELOPMENT AUTH M/F Residential Rental Housing RB (Silver Hill at Thalia) Series 1999 2.19%, 04/02/08 (a)(b) 3,900 3,900
32 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) VIRGINIA COLLEGE BUILDING AUTH Educational Facilities RB Series 2006A 2.22%, 04/03/08 (a)(c)(d) 6,015 6,015 Educational Facilities RB Series 2007A 2.29%, 04/03/08 (a)(c)(d) 26,620 26,620 VIRGINIA HOUSING DEVELOPMENT AUTH Commonwealth Mortgage Bonds Series 2001H1 2.33%, 04/03/08 (a)(b)(c)(d) 16,720 16,720 Commonwealth Mortgage Bonds Series 2006D1 2.30%, 04/02/08 (a)(c)(d) 7,365 7,365 Commonwealth Mortgage Bonds Series 2006D2 2.30%, 04/02/08 (a)(c)(d) 7,400 7,400 Commonwealth Mortgage Draw-Down Bonds Series 2007A5 2.35%, 04/17/08 30,000 30,000 VIRGINIA PORT AUTH Port Facilities RB Series 2006 2.36%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 Port Fund RB (2002 Resolution) Series 2005A 2.26%, 04/03/08 (a)(b)(c)(d) 2,615 2,615 VIRGINIA UNIV HEALTH SYSTEM AUTH RB Series 2008C 1.42%, 04/01/08 (a)(b) 5,000 5,000 WINCHESTER IDA Hospital RB (Valley Health System) Series 2007 4.28%, 04/03/08 (a)(b)(c)(d) 34,735 34,735 Hospital RB (Winchester Medical Center) Series 1991 2.22%, 04/03/08 (a)(b)(c)(d) 14,590 14,590 -------------- 267,355 WASHINGTON 4.4% - -------------------------------------------------------------------------------- CASCADE WATER ALLIANCE Water System RB Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 8,650 8,650 CENTRAL PUGET SOUND REGIONAL TRANSIT AUTH Sales Tax Bonds Series 2007A 2.29%, 04/03/08 (a)(b)(c)(d) 3,300 3,300 DOUGLAS CNTY DEVELOPMENT CORP RB (Executive Flight) Series 1998 2.20%, 04/03/08 (a)(b) 5,700 5,700 ENERGY NORTHWEST Refunding Electric RB (Columbia Generating Station & Project No. 3) Series 2001A 2.27%, 04/03/08 (a)(b)(c)(d) 25,500 25,500 Refunding Electric RB (Project No.1) Series 2002A 2.23%, 04/03/08 (a)(b)(c)(d)(g) 32,460 32,460 Refunding Electric RB (Project No.3) Series 2003A 2.24%, 04/03/08 (a)(b)(c)(d) 5,195 5,195 KING CNTY Limited Tax GO Refunding Bonds Series 2008 2.27%, 04/03/08 (a)(c)(d) 3,560 3,560 2.29%, 04/03/08 (a)(c)(d) 3,800 3,800 Sewer RB 2007 2.28%, 04/03/08 (a)(b)(c)(d) 31,250 31,250 Sewer Refunding RB Series 2006 2.23%, 04/03/08 (a)(b)(c)(d) 7,645 7,645 KING CNTY PUBLIC HOSPITAL DISTRICT NO. 1 Limited Tax GO Refunding Bonds Series 2008A 2.27%, 04/03/08 (a)(b)(c)(d) 3,925 3,925 OLYMPIA Solid Waste RB (LeMay Enterprises) Series 1999 2.35%, 04/02/08 (a)(b) 3,290 3,290 PIERCE CNTY IDRB (McFarland Cascade) Series 1996 2.45%, 04/03/08 (a)(b) 3,945 3,945 PIERCE CNTY ECONOMIC DEVELOPMENT CORP RB (Flex-A-Lite Consolidated) Series 1996 2.20%, 04/02/08 (a)(b) 1,800 1,800 Solid Waste RB (LeMay Enterprises) Series 1999 2.35%, 04/02/08 (a)(b) 575 575 PORT OF CENTRALIA IDA Solid Waste RB (LeMay Enterprises) Series 1999 2.35%, 04/02/08 (a)(b) 360 360 PORT OF SEATTLE Passenger Facility Charge RB Series 1998A 2.24%, 04/03/08 (a)(b)(c)(d) 13,500 13,500 RB Series 2001B 2.26%, 04/03/08 (a)(b)(c)(d) 15,745 15,745 RB Series 2003A 2.21%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 2.21%, 04/03/08 (a)(b)(c)(d) 28,105 28,105 RB Series 2003B 2.51%, 04/03/08 (a)(b)(c)(d) 5,140 5,140 Subordinate Lien RB Series 2005 2.25%, 04/02/08 (a)(b) 8,500 8,500 PORT OF TACOMA Limited Tax GO Bonds Series 2008A 2.21%, 04/03/08 (a)(b)(c)(d) 7,420 7,420 SEATTLE Limited Tax GO Improvement & Refunding Bonds Series 2007 2.29%, 04/03/08 (a)(c)(d) 5,910 5,910 Refunding RB Series 2002 2.71%, 04/03/08 (a)(b)(c)(d) 7,325 7,325 Solid Waste Refunding RB Series 2007 2.21%, 04/03/08 (a)(b)(c)(d) 8,772 8,772
33 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SEATTLE HOUSING AUTH RB Series 1996 2.20%, 04/02/08 (a)(b) 3,185 3,185 SNOHOMISH CNTY PUBLIC UTILITY DISTRICT NO.1 Electric System Refunding RB Series 2005A 2.27%, 04/03/08 (a)(b)(c)(d) 7,375 7,375 TACOMA Water System RB Series 2001 2.71%, 04/03/08 (a)(b)(c)(d) 13,880 13,880 TACOMA HOUSING AUTH RB (Crown Assisted Living) Series 1998 2.29%, 04/02/08 (a)(b) 2,810 2,810 UNIV OF WASHINGTON RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 28,630 28,630 WASHINGTON GO Bonds Series 2000B 2.24%, 04/03/08 (a)(c)(d) 11,955 11,955 GO Bonds Series 2003A 2.30%, 04/03/08 (a)(b)(c)(d) 5,170 5,170 GO Bonds Series 2003C 2.31%, 04/03/08 (a)(b)(c)(d) 4,590 4,590 2.31%, 04/03/08 (a)(b)(c)(d) 7,335 7,335 GO Bonds Series 2008B 2.24%, 04/03/08 (a)(b)(c)(d) 31,105 31,105 GO Refunding Bonds Series R-2006A 2.71%, 04/03/08 (a)(b)(c)(d) 25,951 25,950 Motor Vehicle Fuel Tax GO Bonds Series 2006E 2.27%, 04/03/08 (a)(b)(c)(d) 6,160 6,160 2.71%, 04/03/08 (a)(b)(c)(d) 15,815 15,815 Motor Vehicle Fuel Tax GO Bonds Series 2007D 2.29%, 04/03/08 (a)(b)(c)(d) 15,945 15,945 Motor Vehicle Fuel Tax GO Bonds Series 2008B 2.16%, 04/03/08 (a)(c)(d) 1,500 1,500 2.29%, 04/03/08 (a)(b)(c)(d) 6,000 6,000 Motor Vehicle Fuel Tax GO Bonds Series 2008D 2.16%, 04/03/08 (a)(c)(d) 7,835 7,835 2.74%, 01/01/09 8,880 8,930 Various Purpose GO Bonds Series 2002B 2.27%, 04/03/08 (a)(b)(c)(d) 29,540 29,540 Various Purpose GO Bonds Series 2005D 2.24%, 04/03/08 (a)(b)(c)(d) 5,930 5,930 2.29%, 04/03/08 (a)(b)(c)(d) 3,455 3,455 Various Purpose GO Bonds Series 2006D 3.80%, 07/10/08 (a)(b)(c)(d) 8,585 8,585 Various Purpose GO Bonds Series 2008A 2.24%, 04/03/08 (a)(c)(d) 6,000 6,000 Various Purpose GO Bonds Series 2008C 2.29%, 04/03/08 (a)(c)(d) 1,225 1,225 Various Purpose GO Refunding Bonds Series R2005A & R2006A 2.71%, 04/03/08 (a)(b)(c)(d) 7,625 7,625 WASHINGTON ECONOMIC DEVELOPMENT FINANCE AUTH RB (Hunter Douglas) Series 1997A 2.19%, 04/02/08 (a)(b) 3,500 3,500 Solid Waste Disposal RB (Cedar Grove Composting) Series 2004B 2.35%, 04/02/08 (a)(b) 14,855 14,855 Solid Waste Disposal RB (Heirborne Investments LLC) Series 2006K 2.35%, 04/02/08 (a)(b) 5,840 5,840 Solid Waste Disposal RB (Lemay Enterprises) Series 2005B 2.35%, 04/02/08 (a)(b) 5,350 5,350 Solid Waste Disposal RB (Specialty Chemical Products LLC) Series 2007 2.20%, 04/03/08 (a)(b) 20,800 20,800 Solid Waste Disposal RB (Waste Management) Series 2000C 2.20%, 04/02/08 (a)(b) 5,500 5,500 Solid Waste Disposal RB (Waste Management) Series 2000H 2.20%, 04/02/08 (a)(b) 6,825 6,825 Solid Waste Disposal RB (Waste Management) Series 2000I 2.20%, 04/02/08 (a)(b) 7,235 7,235 Solid Waste Disposal RB (Waste Management) Series 2005D 2.20%, 04/03/08 (a)(b) 18,000 18,000 WASHINGTON HEALTH CARE FACILITIES AUTH RB (Yakima Valley Farm Workers Clinic) Series 1997 2.10%, 04/02/08 (a)(b) 2,500 2,500 WASHINGTON HOUSING FINANCE COMMISSION M/F Housing RB (Anchor Village Apts) Series 1997 2.15%, 04/03/08 (a)(b) 10,750 10,750 M/F Housing RB (Brittany Park Phase II) Series 1998A 2.15%, 04/03/08 (a)(b) 3,480 3,480 M/F Housing RB (Brittany Park) Series 1996A 2.15%, 04/03/08 (a)(b) 8,930 8,930 M/F Housing RB (Fairwinds Redmond) Series 2005A 2.15%, 04/03/08 (a)(b) 7,500 7,500 M/F Housing RB (Forest Creek Apts) Series 2006 2.15%, 04/03/08 (a)(b) 13,815 13,815 M/F Housing RB (Highlander Apts) Series 2004A 2.15%, 04/03/08 (a)(b) 7,000 7,000 M/F Housing RB (Lakewood Meadows Apts) Series 2000A 2.40%, 04/03/08 (a)(b) 3,140 3,140
34 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) M/F Housing RB (Merrill Gardens at Queen Anne) Series 2004A 2.15%, 04/03/08 (a)(b) 11,000 11,000 M/F Housing RB (Merrill Gardens) Series 1997A 2.15%, 04/03/08 (a)(b) 6,125 6,125 M/F Housing RB (Rainier Court Apts) Series 2003A 2.15%, 04/03/08 (a)(b) 12,750 12,750 M/F Housing RB (Silver Creek Apts) Series 2004 2.15%, 04/03/08 (a)(b) 4,100 4,100 M/F Housing RB (The Seasons Apts) Series 2006 2.40%, 04/03/08 (a)(b) 20,000 20,000 M/F Housing RB (Vintage at Burien) Series 2004A 2.15%, 04/03/08 (a)(b) 6,570 6,570 M/F Housing RB (Woodrose Apts) Series 1999A 2.15%, 04/03/08 (a)(b) 6,750 6,750 M/F Mortgage RB (Canyon Lakes) Series 1993 2.15%, 04/03/08 (a)(b) 4,035 4,035 M/F Mortgage RB (Lake Washington Apts) Series 1996 2.15%, 04/02/08 (a)(b) 7,735 7,735 M/F Mortgage RB (Meridian Court Apts) Series 1996 2.15%, 04/02/08 (a)(b) 6,700 6,700 M/F RB (Cedar Ridge Retirement) Series 2005A 2.15%, 04/03/08 (a)(b) 5,030 5,030 Non-Profit RB (Seattle Art Museum) Series 2005 1.13%, 04/01/08 (a)(b) 3,650 3,650 Non-Profit Refunding RB (Horizon House) Series 2005 2.28%, 04/03/08 (a)(b) 11,455 11,455 WASHINGTON STATE UNIV Student Fee RB Series 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 16,800 16,800 YAKIMA CNTY PUBLIC CORP IDRB (Cowiche Growers) Series 1998 2.20%, 04/03/08 (a)(b) 1,900 1,900 -------------- 778,522 WEST VIRGINIA 0.4% - -------------------------------------------------------------------------------- MARION CNTY Solid Waste Disposal Facility RB (Grant Town Cogeneration) Series 1990B 2.35%, 04/02/08 (a)(b) 15,685 15,685 Solid Waste Disposal Facility RB (Grant Town Cogeneration) Series 1990C 2.35%, 04/02/08 (a)(b) 13,600 13,600 Solid Waste Disposal Facility RB (Grant Town Cogeneration) Series 1990D 2.35%, 04/02/08 (a)(b) 2,600 2,600 WEST VIRGINIA HOUSING DEVELOPMENT FUND Housing Finance Bonds Series 2001D 2.23%, 04/03/08 (a)(c)(d) 5,535 5,535 WEST VIRGINIA STATE HOSPITAL FINANCING AUTH Refunding RB (Charleston Area Medical Center) Series 1995A 2.23%, 04/03/08 (a)(b)(c)(d) 17,535 17,535 WEST VIRGINIA WATER DEVELOPMENT AUTH RB (Loan Program IV) Series 2005A 2.21%, 04/03/08 (a)(b)(c)(d) 7,486 7,486 -------------- 62,441 WISCONSIN 1.3% - -------------------------------------------------------------------------------- COLBURN IDA IDRB (Heartland Farms) Series 1994 2.55%, 04/03/08 (a)(b) 3,700 3,700 KENOSHA IDRB (Asyst Technologies) Series 1997 2.20%, 04/03/08 (a)(b) 5,000 5,000 MILWAUKEE GO CP Promissory Notes Series 2008C2 0.90%, 08/08/08 (b) 2,000 2,000 0.95%, 08/08/08 (b) 6,000 6,000 SOUTHEAST WISCONSIN PROFESSIONAL BASEBALL PARK DISTRICT Sales Tax Refunding Bonds Series 1998 3.25%, 04/02/08 (a)(b)(c)(d) 5,000 5,000 WISCONSIN Operating Notes of 2007 3.74%, 06/16/08 22,000 22,033 Transportation RB Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 8,060 8,060 WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTH Health Care RB (Essentia Health Obligated Group) Series 2008B1 1.33%, 04/01/08 (a)(b)(c) 7,975 7,975 RB (Aurora Health Care) Series 1997 2.24%, 04/03/08 (a)(b)(c)(d) 7,960 7,960 2.24%, 04/03/08 (a)(b)(c)(d) 25,000 25,000 RB (Aurora Medical Group) Series 1996 2.23%, 04/03/08 (a)(b)(c)(d) 52,000 52,000 RB (Univ of Wisconsin Medical Foundation) Series 2000 1.93%, 04/02/08 (a)(b) 44,600 44,600 WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTH Business Development RB (Ultratec) Series 1995-7 2.55%, 04/03/08 (a)(b) 1,710 1,710
35 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Homeownership RB Series 2002C 2.00%, 04/02/08 (a)(c) 1,870 1,870 Homeownership RB Series 2003B 2.30%, 04/02/08 (a)(c) 10,455 10,455 Homeownership RB Series 2004D 2.26%, 04/03/08 (a)(c)(d) 1,525 1,525 Homeownership RB Series 2005C 2.30%, 04/02/08 (a)(c) 11,000 11,000 WISCONSIN RAPIDS IDRB (Thiele Kaolin) Series 1998 2.19%, 04/02/08 (a)(b) 4,500 4,500 -------------- 220,388 WYOMING 0.7% - -------------------------------------------------------------------------------- CAMPBELL CNTY IDRB (Two Elk Partners) Series 2007 3.65%, 11/28/08 (g) 91,000 91,000 LINCOLN CNTY Pollution Control RB (Exxon) Series 1987A 1.17%, 04/01/08 (a) 4,750 4,750 Pollution Control RB (Exxon) Series 1987C 1.17%, 04/01/08 (a) 5,575 5,575 SUBLETTE CNTY Pollution Control RB (Exxon) Series 1987B 1.00%, 04/01/08 (a) 4,800 4,800 UINTA CNTY Pollution Control Refunding RB (Chevron USA) Series 1992 1.35%, 04/01/08 (a) 2,000 2,000 Pollution Control Refunding RB (Chevron USA) Series 1993 1.35%, 04/01/08 (a) 2,000 2,000 WYOMING COMMUNITY DEVELOPMENT AUTH S/F Mortgage RB Draw Down Series 2007 2.26%, 04/03/08 (a)(c)(d) 15,000 15,000 -------------- 125,125 -------------- TOTAL MUNICIPAL SECURITIES (COST $17,071,774) 17,071,774 -------------- END OF INVESTMENTS.
(All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $17,071,774. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $8,257,073 or 46.9% of net assets. (e) Illiquid security. At the period end, the value of these amounted to $26,134,000 or 0.1% of net assets. (f) Delayed-delivery security. (g) All or a portion of this security is held as collateral for delayed delivery security. BAN - Bond anticipation note COP - Certificate of participation GO - General obligation HFA - Housing finance agency IDA - Industrial development authority IDB - Industrial development board IDRB - Industrial development revenue bond ISD - Independent school district M/F - Multi-family RAN - Revenue anticipation note RB - Revenue bond SD - School district S/F - Single-family TAN - Tax anticipation note TECP - Tax-exempt commercial paper TRAN - Tax and revenue anticipation note USD - Unified school district Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value: 36 SCHWAB MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $17,071,774 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $17,071,774
37 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB AMT TAX-FREE MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 97.8% MUNICIPAL SECURITIES 3,058,128 3,058,128 - -------------------------------------------------------------------------------- 97.8% TOTAL INVESTMENTS 3,058,128 3,058,128 2.2% OTHER ASSETS AND LIABILITIES 69,660 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 3,127,788
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 97.8% OF NET ASSETS ALABAMA 1.9% - -------------------------------------------------------------------------------- ALABAMA MUNICIPAL FUNDING CORP Municipal Funding Notes Master Series 2006A 2.23%, 04/03/08 (a)(b) 14,560 14,560 ALABAMA PUBLIC SCHOOL & COLLEGE AUTH Capital Improvement Bonds Series 2007 2.16%, 04/03/08 (a)(c)(d) 7,900 7,900 2.21%, 04/03/08 (a)(b)(c)(d) 5,965 5,965 BIRMINGHAM DOWNTOWN REDEVELOPMENT AUTH RB (UAB Educational Foundation) Series 2002 2.18%, 04/02/08 (a)(b) 18,175 18,175 MOBILE BOARD OF WATER & SEWER RB Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 4,170 4,170 UNIV OF ALABAMA AT BIRMINGHAM Hospital RB Series 2006A 3.01%, 04/03/08 (a)(b)(c)(d) 8,550 8,550 -------------- 59,320 ARIZONA 3.3% - -------------------------------------------------------------------------------- ARIZONA HEALTH FACILITIES AUTH RB (Banner Health) Series 2007B 2.16%, 04/03/08 (a)(c)(d) 17,775 17,775 ARIZONA SCHOOL FACILITIES BOARD COP Series 2005A 2&3 2.27%, 04/03/08 (a)(b)(c)(d) 5,720 5,720 ARIZONA TRANSPORTATION BOARD Highway RB Series 2005B 2.16%, 04/03/08 (a)(c)(d) 4,940 4,940 Highway RB Series 2006 2.16%, 04/03/08 (a)(c)(d) 4,210 4,210 PHOENIX CIVIC IMPROVEMENT CORP GO Bonds 2.23%, 04/03/08 (a)(c)(d) 2,270 2,270 SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT & POWER DISTRICT Electric System RB Series 2008A 2.16%, 04/03/08 (a)(c)(d) 2,155 2,155 SALT VERDE FINANCIAL CORP Sr Gas RB Series 2007 2.26%, 04/03/08 (a)(b)(c)(d) 13,585 13,585 SCOTTSDALE IDA Hospital RB (Scottsdale Healthcare) Series 2006G 2.27%, 04/03/08 (a)(b)(c)(d) 7,000 7,000 SCOTTSDALE MUNICIPAL PROPERTY CORP Excise Tax Refunding RB Series 2006 2.20%, 04/03/08 (a)(c)(d) 9,539 9,539 YUMA MUNICIPAL PROPERTY CORP Sr Lien Utility System RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 36,195 36,195 -------------- 103,389 CALIFORNIA 1.6% - -------------------------------------------------------------------------------- CALIFORNIA RAN 3.37%, 06/30/08 50,000 50,076 COLORADO 2.4% - -------------------------------------------------------------------------------- AURORA First Lien Water Improvement RB Series 2007A 2.71%, 04/03/08 (a)(b)(c)(d) 9,985 9,985 COLORADO TRAN Series 2007B 2.91%, 08/05/08 40,000 40,007 COLORADO HEALTH FACILITIES AUTH Hospital Refunding RB (NCMC Inc) Series 2005 2.06%, 04/02/08 (a)(b)(c) 11,885 11,885 REGIONAL TRANSPORTATION DISTRICT COP (Transit Vehicles) Series 2002A 3.01%, 04/03/08 (a)(b)(c)(d) 3,950 3,950 SOUTHGLENN METROPOLITAN DISTRICT Special RB Series 2007 2.26%, 04/03/08 (a)(b) 10,000 10,000 -------------- 75,827 CONNECTICUT 0.6% - -------------------------------------------------------------------------------- CONNECTICUT HEALTH & EDUCATIONAL FACILITIES AUTH RB (Yale Univ) Series Z1 2.22%, 04/03/08 (a)(c)(d) 5,090 5,090
1 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SOUTH CENTRAL REGIONAL WATER AUTH BAN Series 2008A 2.85%, 04/08/08 12,780 12,781 -------------- 17,871 DISTRICT OF COLUMBIA 2.7% - -------------------------------------------------------------------------------- DISTRICT OF COLUMBIA GO Bonds Series 2005A 3.75%, 04/02/08 (a)(b)(c)(d) 18,895 18,895 GO Bonds Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 18,250 18,250 GO Bonds Series 2007C 2.29%, 04/03/08 (a)(b)(c)(d) 5,000 5,000 2.30%, 04/03/08 (a)(b)(c)(d) 4,695 4,695 GO Refunding Bonds Series 1998B 2.15%, 06/01/08 (b) 18,335 18,427 RB (St Coletta Special Education Public Charter School) Series 2005 2.10%, 04/03/08 (a)(b) 8,170 8,170 NATIONAL CAPITAL REVITALIZATION CORP RB (DC USA Parking Garage) Series 2006 2.36%, 04/03/08 (a)(b)(c)(d) 12,000 12,000 -------------- 85,437 FLORIDA 16.8% - -------------------------------------------------------------------------------- BROWARD CNTY Professional Sports Facilities Tax & Refunding RB Series 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 7,150 7,150 BROWARD CNTY HFA M/F Housing Refunding RB (Island Club Apts) Series 2001A 2.25%, 04/03/08 (a)(b) 3,000 3,000 BROWARD CNTY SD School Board COP Series 2005B 2.10%, 04/03/08 (a)(b)(c) 6,000 6,000 CAPE CORAL CP Notes 2.65%, 09/25/08 (b) 6,500 6,500 FLORIDA BOARD OF EDUCATION Capital Outlay Bonds Series 1998E 2.24%, 04/03/08 (a)(c)(d) 11,170 11,170 Capital Outlay Bonds Series 2003C 2.31%, 04/03/08 (a)(b)(c)(d) 9,100 9,100 Capital Outlay Bonds Series 2005F 2.24%, 04/03/08 (a)(c)(d) 9,585 9,585 FLORIDA DEPT OF ENVIRONMENTAL PROTECTION RB (Florida Forever) Series 2007A 2.71%, 04/03/08 (a)(b)(c)(d) 10,185 10,185 Refunding RB (Preservation 2000) Series 1997B 2.71%, 04/03/08 (a)(b)(c)(d) 8,957 8,957 FLORIDA DEPT OF TRANSPORTATION Turnpike RB Series 2006A 2.34%, 04/03/08 (a)(b)(c)(d) 11,515 11,515 Turnpike RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 17,555 17,555 Turnpike RB Series 2008A 2.29%, 04/03/08 (a)(c)(d) 4,775 4,775 FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTH RB Series 2003 (St Thomas Univ Project) 1.25%, 04/01/08 (a)(b) 925 925 FLORIDA HURRICANE CATASTROPHE FUND FINANCE CORP RB 2.39%, 04/03/08 (a)(b)(c)(d) 28,605 28,605 FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION Pooled TECP Series 1994A 0.80%, 06/04/08 (b) 56,000 56,000 2.05%, 06/09/08 (b) 43,321 43,321 GAINESVILLE UTILITY SYSTEM RB Series 2005A 2.21%, 04/03/08 (a)(b)(c)(d) 4,545 4,545 JACKSONVILLE Transportation RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 14,555 14,555 JEA Electric System RB Series Three 2008C4 1.99%, 04/03/08 (a)(c) 8,350 8,350 Electric System Subordinated RB Series 2008D 1.50%, 04/02/08 (a)(c) 7,845 7,845 Water & Sewer RB Series 2008A1 1.80%, 04/02/08 (a)(c) 15,000 15,000 MIAMI-DADE CNTY Capital Asset Acquisition Special Obligation Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 2,270 2,270 MIAMI-DADE CNTY SD COP Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 11,000 11,000 ORANGE CNTY HEALTH FACILITIES AUTH RB (Presbyterian Retirement Communities) Series 2006B 2.25%, 04/03/08 (a)(b) 10,000 10,000 Refunding Program RB (Pooled Hospital Loan) Series 1985 1.98%, 06/16/08 (b) 18,200 18,200 ORANGE CNTY HFA Refunding RB (Highland Pointe Apts) Series 1998J 2.22%, 04/03/08 (a)(b) 7,455 7,455 ORANGE CNTY IDA Educational Facilities RB (UCF Hospitality School Student Housing Foundation) Series 2004 2.09%, 04/02/08 (a)(b) 8,360 8,360 ORANGE CNTY SCHOOL BOARD COP Series 2000B 2.35%, 04/01/08 (a)(b)(c) 8,500 8,500
2 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) ORLANDO-ORANGE CNTY EXPRESSWAY AUTH RB Series 2005A2 3.75%, 04/03/08 (a)(b)(c) 21,540 21,540 RB Series 2005B1 2.10%, 04/03/08 (a)(b)(c) 50,000 50,000 PALM BEACH CNTY HEALTH FACILITIES AUTH Refunding Program RB (Pooled Hospital Loan) Series 1985 2.00%, 06/17/08 (b) 7,300 7,300 PALM BEACH CNTY SCHOOL BOARD Sales Tax Revenue CP 1.20%, 08/04/08 (b) 3,500 3,500 PINELLAS CNTY HEALTH FACILITIES AUTH RB (Baycare Health System) Series 2006B 2.00%, 04/03/08 (a)(b)(c) 15,715 15,715 SARASOTA CNTY PUBLIC HOSPITAL BOARD RB (Sarasota Memorial Hospital) Series 2003A 1.40%, 04/01/08 (a)(b)(c) 2,025 2,025 SUNSHINE STATE GOVERNMENT FINANCING COMMISSION RB Series 1986 4.10%, 04/01/08 (a)(b)(c) 31,060 31,060 TALLAHASSEE Energy System RB Series 2007 2.28%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 TAMPA Educational Facilities RB (Pepin Academy of Tampa) Series 2002 2.24%, 04/03/08 (a)(b) 3,485 3,485 Water & Sewer RB Series 2007 2.24%, 04/03/08 (a)(c)(d) 4,475 4,475 TAMPA BAY WATER AUTH Utility System Improvement & Refunding RB Series 2001A 4.00%, 04/03/08 (a)(b)(c)(d) 5,200 5,200 Utility System Improvement & Refunding RB Series 2005 2.34%, 04/03/08 (a)(b)(c)(d) 4,995 4,995 UNIV OF SOUTH FLORIDA RESEARCH FOUNDATION RB (Interdisciplinary Research Building) Series 2004A 2.27%, 04/02/08 (a)(b) 13,700 13,700 WINTER HAVEN Utility System Improvement & Refunding RB Series 2005 2.26%, 04/03/08 (a)(b)(c)(d) 990 990 -------------- 524,308 GEORGIA 2.8% - -------------------------------------------------------------------------------- ATLANTA Water & Wastewater RB Series 2001B 2.25%, 04/03/08 (a)(b)(c) 1,485 1,485 BURKE CNTY DEVELOPMENT AUTH Pollution Contral RB (Oglethorpe Power Corp) Series 2006A 5.75%, 04/01/08 (b)(c) 12,400 12,400 Pollution Control RB (Oglethorpe Power Corp) Series 2006B3 3.50%, 04/01/08 (b)(c) 25,000 25,000 DEKALB CNTY PUBLIC SAFETY & JUDICIAL FAC AUTH RB (Public Safety & Judicial Facility) Series 2004 2.16%, 04/03/08 (a)(c)(d) 2,415 2,415 FULTON CNTY DEVELOPMENT AUTH RB (Piedmont Healthcare Inc) Series 2007 2.09%, 04/02/08 (a)(b) 9,000 9,000 GEORGIA GO Bonds Series 2007E 2.20%, 04/03/08 (a)(c)(d) 6,765 6,765 GO Refunding Bonds Series 2007C 2.25%, 04/02/08 (a)(c)(d) 6,485 6,485 GWINNETT CNTY DEVELOPMENT AUTH COP (Gwinnett Cnty Public Schools) Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 3,030 3,030 METRO ATLANTA RAPID TRANSIT AUTH Sales Tax Revenue CP Notes Series 2007D 1.40%, 04/08/08 (c) 14,500 14,500 0.90%, 05/06/08 (c) 7,800 7,800 -------------- 88,880 HAWAII 1.2% - -------------------------------------------------------------------------------- HONOLULU CITY & CNTY Wastewater RB Sr Series 2005A 2.26%, 04/03/08 (a)(b)(c)(d) 5,845 5,845 Wastewater System RB (First Bond Resolution) Sr Series 2006A 2.26%, 04/03/08 (a)(b)(c)(d) 16,520 16,520 UNIV OF HAWAII RB Series 2006A 2.34%, 04/03/08 (a)(b)(c)(d) 14,145 14,145 -------------- 36,510 ILLINOIS 10.1% - -------------------------------------------------------------------------------- BOLINGBROOK Jr Lien Tax Increment RB Series 2005 2.23%, 04/02/08 (a)(b) 8,880 8,880 CHICAGO GO Project & Refunding Bonds Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 8,800 8,800 2.29%, 04/03/08 (a)(b)(c)(d) 26,310 26,310 4.00%, 04/03/08 (a)(b)(c)(d) 18,260 18,260 Second Lien Wastewater Transmission RB Series 2004A 2.85%, 04/03/08 (a)(b)(c) 33,680 33,680
3 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) CHICAGO BOARD OF EDUCATION Unlimited Tax GO Bonds (Dedicated Revenues) Series 2006B 2.29%, 04/03/08 (a)(b)(c)(d) 11,580 11,580 Unlimited Tax GO Bonds Series 2006B 2.21%, 04/03/08 (a)(b)(c)(d) 3,005 3,005 CHICAGO PUBLIC BUILDING COMMISSION Refunding RB Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 12,160 12,160 COOK CNTY RB (Catholic Theological Union) Series 2005 2.18%, 04/02/08 (a)(b) 4,000 4,000 ILLINOIS GO Bonds Illinois First Series 2001 2.27%, 04/03/08 (a)(b)(c)(d) 7,000 7,000 GO Refunding Bonds Series 2007B 2.23%, 04/03/08 (a)(c)(d) 9,995 9,995 ILLINOIS FINANCE AUTH RB (Advocate Health Care Network) Series 2008A1 1.90%, 11/01/30 7,055 7,055 RB (Erikson Institute) Series 2007 2.10%, 04/03/08 (a)(b) 6,000 6,000 RB (Northwestern Univ) Series 2006 2.16%, 04/03/08 (a)(c)(d) 10,745 10,745 RB (Resurrection Health Care) Series 2005C 2.07%, 04/03/08 (a)(b) 6,745 6,745 RB (Univ of Chicago) Series 2007 2.27%, 04/03/08 (a)(c)(d) 10,305 10,305 2.27%, 04/03/08 (a)(c)(d) 10,010 10,010 RB Series 2007A3 2.05%, 04/03/08 (a)(c) 7,500 7,500 ILLINOIS TOLL HIGHWAY AUTH Toll Highway Sr Priority RB Series 2005A 2.24%, 04/03/08 (a)(b)(c)(d) 10,570 10,570 METROPOLITAN PIER & EXPOSITION AUTH Project Bonds (McCormick Place Expansion) Series 2002A 2.24%, 04/03/08 (a)(b)(c)(d) 10,330 10,330 2.27%, 04/03/08 (a)(b)(c)(d) 10,940 10,940 2.29%, 04/03/08 (a)(b)(c)(d) 15,915 15,915 METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO Unlimited Tax GO Capital Improvement Bonds Series 2006 2.27%, 04/03/08 (a)(c)(d) 11,630 11,630 NORTHERN ILLINOIS MUNICIPAL POWER AGENCY Power Project RB (Prairie State) Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 13,180 13,180 SOUTHWESTERN ILLINOIS DEVELOPMENT AUTH RB (Edwardsville Community Unit SD No.7) Series 2007 2.21%, 04/03/08 (a)(b)(c)(d) 3,365 3,365 SPRINGFIELD Sr Lien Electric RB Series 2006 2.28%, 04/03/08 (a)(b)(c)(d) 4,950 4,950 ST CLAIR CNTY Industrial Building Refunding RB (Winchester Apts) Series 1994 2.23%, 04/03/08 (a)(b) 15,550 15,550 VILLAGE OF WESTERN SPRINGS Special Assessment Bonds (Timber Trails) Series 2006 2.19%, 04/02/08 (a)(b) 8,960 8,960 WILL CNTY COMMUNITY UNIT SD NO. 365 GO Bonds Series 2005 2.29%, 04/03/08 (a)(b)(c)(d) 8,600 8,600 -------------- 316,020 INDIANA 1.6% - -------------------------------------------------------------------------------- GREATER CLARK CNTY SCHOOL BUILDING CORP First Mortgage Bonds Series 2007 2.21%, 04/03/08 (a)(b)(c)(d) 2,675 2,675 INDIANA HEALTH & EDUCATIONAL FACILITY FINANCING AUTH RB (Ascension Health Sr Credit Group) Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 30,980 30,980 INDIANA UNIV Consolidated RB Series 2008A 2.29%, 04/03/08 (a)(c)(d) 1,505 1,505 INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK Bonds (Waterworks) Series 2007L 2.21%, 04/03/08 (a)(b)(c)(d) 9,765 9,765 NEW ALBANY-FLOYD CNTY SCHOOL BUILDING CORP First Mortgage Bonds Series 2007 2.30%, 04/02/08 (a)(b)(c)(d) 5,100 5,100 -------------- 50,025 IOWA 1.3% - -------------------------------------------------------------------------------- IOWA TRAN Series 2007 3.25%, 06/30/08 40,000 40,073 KANSAS 0.3% - -------------------------------------------------------------------------------- HARVEY CNTY USD NO.373 GO Refunding Improvement Bonds Series 2007 2.31%, 04/03/08 (a)(b)(c)(d) 9,110 9,110 KENTUCKY 2.7% - -------------------------------------------------------------------------------- BOYLE CNTY Hospital RB (Ephraim McDowell Health) Series 2006 2.14%, 04/03/08 (a)(b) 1,000 1,000 KENTUCKY ASSET/LIABILITY COMMISSION General Fund Project Notes Second Series 2005A1 & A2 2.40%, 04/04/08 (c) 40,000 40,000 General Fund Project Notes Series 2007B 2.44%, 04/03/08 (a)(b)(c)(d) 5,000 5,000
4 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) General Fund TRAN Series 2007A 3.70%, 06/26/08 28,500 28,552 WARREN CNTY Refunding RB (Bowling Green- Warren Cnty Community Hospital Corp) Series 2008 2.15%, 04/03/08 (a)(b)(c) 8,555 8,555 -------------- 83,107 LOUISIANA 2.3% - -------------------------------------------------------------------------------- LAFAYETTE Communications System RB Series 2007 2.26%, 04/03/08 (a)(b)(c)(d) 19,835 19,835 LAKE CHARLES HARBOR & TERMINAL DISTRICT RB (Lake Charles Cogeneration) Series 2008 2.25%, 03/15/38 20,000 20,000 LOUISIANA Gasoline & Fuels Tax RB Series 2005A 2.24%, 04/03/08 (a)(b)(c)(d) 6,965 6,965 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT AUTH RB Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 9,130 9,130 LOUISIANA PUBLIC FACILITIES AUTH Refunding RB (Tulane Univ of Louisiana) Series 2007A1 2.58%, 04/03/08 (a)(b)(c)(d) 15,345 15,345 -------------- 71,275 MAINE 0.3% - -------------------------------------------------------------------------------- MAINE GO BAN 3.70%, 06/10/08 9,500 9,510 MARYLAND 0.7% - -------------------------------------------------------------------------------- MARYLAND DEPT OF TRANSPORTATION Consolidated Transportation Bonds Series 2008 2.16%, 04/03/08 (a)(c)(d) 3,960 3,960 MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTH FHA Insured Mortgage RB (Western Maryland Health System) Series 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 14,760 14,760 RB (Kennedy Krieger) Series 2006 2.09%, 04/03/08 (a)(b) 3,100 3,100 -------------- 21,820 MASSACHUSETTS 0.8% - -------------------------------------------------------------------------------- MASSACHUSETTS GO Bonds Consolidated Loan Series 2002D 2.20%, 04/03/08 (a)(b)(c)(d) 2,998 2,998 GO Refunding Bonds Series 1998A 2.05%, 04/03/08 (a)(c) 12,000 12,000 GO Refunding Bonds Series 2007A 2.25%, 04/02/08 (a)(c)(d) 4,000 4,000 MASSACHUSETTS BAY TRANSPORTATION AUTH Sr Sales Tax Bonds Series 2006B 2.25%, 04/02/08 (a)(c)(d) 3,320 3,320 MASSACHUSETTS SCHOOL BUILDING AUTH Dedicated Sales Tax Bonds Series 2007A 2.38%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 2.71%, 04/03/08 (a)(b)(c)(d) 2,170 2,170 -------------- 25,488 MICHIGAN 2.2% - -------------------------------------------------------------------------------- DETROIT Sr Lien RB Series 2006A 2.25%, 04/02/08 (a)(b)(c)(d) 4,965 4,965 DETROIT SEWAGE DISPOSAL SYSTEM Sr Lien Refunding RB Series 2006D 2.27%, 04/03/08 (a)(b)(c)(d) 10,255 10,255 FOREST HILLS PUBLIC SCHOOLS Unlimited Tax GO Refunding Bonds Series 2005 2.29%, 04/03/08 (a)(b)(c)(d) 5,280 5,280 MICHIGAN STATE BUILDING AUTH CP Notes Series 5 2.25%, 05/22/08 (b) 25,100 25,100 Refunding RB (Facilities Program) Series 2006-IA 2.29%, 04/03/08 (a)(b)(c)(d) 15,025 15,025 MICHIGAN STATE HOSPITAL FINANCING AUTH RB (McLaren Health Care) Series 2005B 2.27%, 04/03/08 (a)(b)(c)(d) 7,000 7,000 -------------- 67,625 MINNESOTA 1.8% - -------------------------------------------------------------------------------- MINNEAPOLIS Health Care System Refunding RB (Fairview Health Services) Series 2005C 3.15%, 04/02/08 (a)(b)(c) 15,000 15,000 MINNEAPOLIS/ST PAUL HOUSING & REDEVELOPMENT AUTH Health Care System RB (Allina Health System) Series 2007B1 2.35%, 04/01/08 (a)(b)(c) 28,430 28,430 MINNESOTA GO Refunding Bonds 3.69%, 08/01/08 7,860 7,893
5 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MINNESOTA AGRICULTURAL & ECONOMIC DEVELOPMENT BOARD Health Care Facilities RB (Essentia Health Obligated Group) Series 2008C3 1.35%, 04/01/08 (a)(b)(c) 5,000 5,000 -------------- 56,323 MISSISSIPPI 1.2% - -------------------------------------------------------------------------------- MISSISSIPPI BUSINESS FINANCE CORP RB (Chevron USA) Series 2007C 2.10%, 04/02/08 (a) 5,000 5,000 RB (Chevron USA) Series 2007D 2.05%, 04/02/08 (a) 18,000 18,000 RB (Renaissance at Colony Park) Series 2008 2.23%, 04/03/08 (a)(b) 12,870 12,870 -------------- 35,870 MISSOURI 1.0% - -------------------------------------------------------------------------------- GREENE CNTY REORGANIZED SD GO School Building Bonds Series 2007 2.29%, 04/03/08 (a)(b)(c)(d) 4,570 4,570 MISSOURI HEALTH & EDUCATIONAL FACILITIES AUTH Educational Facilities RB (Saint Louis Univ) Series 2006A 4.15%, 04/01/08 (a)(b)(c) 3,330 3,330 MISSOURI JOINT MUNICIPAL ELECTRIC UTILITY COMMISSION Power Project RB (Prairie State) Series 2007A 3.55%, 04/02/08 (a)(b)(c)(d) 13,900 13,900 MISSOURI PUBLIC UTILITIES COMMISSION Interim Construction Notes Series 2007 1.37%, 09/01/08 2,000 2,028 3.79%, 09/01/08 6,625 6,650 -------------- 30,478 NEBRASKA 0.7% - -------------------------------------------------------------------------------- CENTRAL PLAINS ENERGY PROJECT Gas Project RB (Project No.1) 2.35%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 PUBLIC POWER GENERAL AGENCY RB (Whelan Energy Center Unit 2) Series 2007A 3.78%, 07/10/08 (b)(c)(d) 4,985 4,985 UNIV OF NEBRASKA BOARD OF REGENTS RB (Univ of Nebraska at Omaha Student Facilities) Series 2007 2.27%, 04/03/08 (a)(c)(d) 7,665 7,665 -------------- 22,650 NEVADA 2.3% - -------------------------------------------------------------------------------- CLARK CNTY Airport Passenger Facility Charge RB Series 2007A2 2.27%, 04/03/08 (a)(b)(c)(d) 15,955 15,955 GO (Limited Tax) Bank Bonds Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 5,695 5,695 2.34%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 Sales & Excise Tax Revenue CP Notes Series 2008A&B 1.95%, 08/06/08 (b) 6,500 6,500 CLARK CNTY SD GO (Limited Tax) Building Bonds Series 2001F 2.30%, 04/02/08 (a)(b)(c)(d) 9,860 9,860 GO (Limited Tax) Building Bonds Series 2007C 2.16%, 04/03/08 (a)(c)(d) 1,750 1,750 GO (Limited Tax) School Bonds Series 2007B 2.24%, 04/03/08 (a)(c)(d) 3,780 3,780 HENDERSON Health Facility RB (Catholic Healthcare West) Series 2007B 2.27%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 LAS VEGAS VALLEY WATER DISTRICT GO (Limited Tax) Water CP Series 2004 A&B 2.40%, 04/04/08 (c) 10,000 10,000 TRUCKEE MEADOWS WATER AUTH Water Refunding RB Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 4,405 4,405 -------------- 71,945 NEW HAMPSHIRE 0.4% - -------------------------------------------------------------------------------- NEW HAMPSHIRE HEALTH & EDUCATIONAL FACILITIES AUTH RB (Univ of New Hampshire) Series 2006B1 3.00%, 03/28/09 (b) 12,000 12,000 NEW JERSEY 1.1% - -------------------------------------------------------------------------------- BURLINGTON CNTY BAN Series 2007F 2.83%, 12/26/08 5,100 5,124 BAN Series 2008A 1.95%, 09/02/08 24,110 24,215 FAIR LAWN BAN Series 2007A 2.92%, 12/18/08 4,350 4,368 NEW JERSEY EDUCATIONAL FACILITIES AUTH Refunding RB (Montclair State Univ) Series 2006J 2.30%, 04/03/08 (a)(b)(c)(d) 2,100 2,100 -------------- 35,807 NEW MEXICO 0.1% - -------------------------------------------------------------------------------- SANTA FE Gross Receipts Tax (Subordinate Lien) Wastewater System RB Series 1997B 2.32%, 04/02/08 (a)(b) 2,700 2,700
6 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) NEW YORK 0.7% - -------------------------------------------------------------------------------- NEW YORK CITY GO Bonds Fiscal 2004 Series H7 1.25%, 04/01/08 (a)(b) 15 15 NEW YORK CITY MUNICIPAL WATER FINANCE AUTH CP Notes Series One 2.35%, 05/01/08 (c) 20,000 20,000 Water & Sewer System RB Fiscal 2000 Series C 1.06%, 04/01/08 (a)(c) 900 900 NEW YORK CITY TRANSITIONAL FINANCE AUTH Recovery Bonds Fiscal 2003 Series 3B 1.36%, 04/01/08 (a)(c) 500 500 -------------- 21,415 NORTH CAROLINA 1.5% - -------------------------------------------------------------------------------- MECKLENBURG CNTY COP Series 2008A 2.25%, 04/03/08 (a)(c) 4,000 4,000 NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY RB (Duke Univ) Series 2006A 2.16%, 04/03/08 (a)(c)(d) 4,545 4,545 2.27%, 04/03/08 (a)(c)(d) 6,045 6,045 NORTH CAROLINA INFRASTRUCTURE FINANCE CORP COP Series 2007A 2.30%, 04/02/08 (a)(b)(c)(d) 9,965 9,965 NORTH CAROLINA MEDICAL CARE COMMISSION Health Care Facilities RB (Novant Health) Series 2006 4.00%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 Hospital RB (CaroMont Health) Series 2008 1.83%, 04/02/08 (a)(b)(c) 10,000 10,000 PIEDMONT TRIAD AIRPORT AUTH Airport RB Series 2008A 2.10%, 04/03/08 (a)(b) 5,000 5,000 UNIV OF NORTH CAROLINA AT CHAPEL HILL RB Series 2007 2.24%, 04/03/08 (a)(c)(d) 3,090 3,090 -------------- 46,645 OHIO 0.3% - -------------------------------------------------------------------------------- OHIO Higher Education GO Bonds Series 2006B 2.16%, 04/03/08 (a)(c)(d) 5,755 5,755 Infrastructure Improvement GO Bonds Series 2007A 2.16%, 04/03/08 (a)(c)(d) 2,515 2,515 -------------- 8,270 OREGON 0.2% - -------------------------------------------------------------------------------- MEDFORD HOSPITAL FACILITIES AUTH RB (Rogue Valley Manor) Series 2007 1.30%, 04/01/08 (a)(b) 5,625 5,625 OREGON GO Bonds (Verterans' Welfare) Series 85 1.25%, 04/01/08 (a)(c) 1,100 1,100 -------------- 6,725 PENNSYLVANIA 2.3% - -------------------------------------------------------------------------------- ALLEGHENY CNTY HOSPITAL DEVELOPMENT AUTH RB (UPMC) Series 2007A2 2.23%, 04/03/08 (a)(c)(d) 2,000 2,000 RB (UPMC) Series 2007B1 2.29%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 RB (UPMC) Series 2007D 2.23%, 04/03/08 (a)(c)(d) 10,000 10,000 ALLEGHENY CNTY PORT AUTH Grant Anticipation Notes Series 2007 3.68%, 06/30/08 (b) 5,000 5,007 DELAWARE VALLEY REGIONAL FINANCE AUTH Local Government RB Series 1998A 2.71%, 04/03/08 (a)(b)(c)(d) 7,995 7,995 MONTGOMERY CNTY IDA Pollution Control Refunding RB (Peco Energy Co) Series 1996A 1.95%, 06/10/08 (b) 17,000 17,000 PHILADELPHIA TRAN Series 2007-2008A 3.67%, 06/30/08 15,000 15,029 -------------- 72,031 PUERTO RICO 0.2% - -------------------------------------------------------------------------------- PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Transportation Refunding RB (Peco Energy Co) Series 2005L 4.00%, 04/03/08 (a)(b)(c)(d) 6,000 6,000 RHODE ISLAND 0.3% - -------------------------------------------------------------------------------- RHODE ISLAND STATE HEALTH & EDUCATIONAL BUILDING CORP Hospital Financing RB (Care New England) Series 2008A 2.10%, 04/03/08 (a)(b) 5,200 5,200 Hospital Financing RB (Care New England) Series 2008B 2.10%, 04/03/08 (a)(b) 4,200 4,200 -------------- 9,400
7 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SOUTH CAROLINA 1.7% - -------------------------------------------------------------------------------- GREENWOOD METROPOLITAN DISTRICT Sewer System RB Series 2008 2.23%, 04/03/08 (a)(b)(c)(d) 5,625 5,625 SOUTH CAROLINA GO Research Univ Infrastructure Bonds Series 2005A 2.20%, 04/03/08 (a)(c)(d) 16,265 16,265 SOUTH CAROLINA ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS Installment Purchase RB (Pickens Cnty SD) Series 2006 3.81%, 06/19/08 (b)(c)(d) 3,990 3,990 SOUTH CAROLINA JOBS ECONOMIC DEVELOPMENT AUTH RB (Bon Secours Health System) Series 2008A 2.05%, 04/02/08 (a)(b)(c) 17,500 17,500 SOUTH CAROLINA PUBLIC SERVICE AUTH Revenue Obligations Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 10,310 10,310 -------------- 53,690 TENNESSEE 1.9% - -------------------------------------------------------------------------------- JACKSON ENERGY AUTH Water System RB Series 2002 2.08%, 04/02/08 (a)(b)(c) 2,300 2,300 JOHNSON CITY HEALTH & EDUCATIONAL FACILITIES BOARD Hospital RB (Mountain States Health Alliance) Series 2008A 1.90%, 04/02/08 (a)(b) 15,000 15,000 KNOXVILLE Wastewater System Revenue Improvement Bonds Series 2005A 2.29%, 04/03/08 (a)(b)(c)(d) 4,640 4,640 METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON CNTY IDB Educational Facilites Refunding RB (David Lipscomb Univ) Series 2003 2.09%, 04/02/08 (a)(b) 7,045 7,045 SHELBY CNTY HEALTH, EDUCATIONAL & HOUSING FACILITIES BOARD RB (Trezevant Manor) Series A 2.21%, 04/03/08 (a)(b) 7,225 7,225 TENNESSEE ENERGY ACQUISITION CORP Jr Gas Project RB Series 2006B 2.32%, 04/03/08 (a)(b)(c)(d) 22,387 22,387 -------------- 58,597 TEXAS 16.2% - -------------------------------------------------------------------------------- ALAMO COMMUNITY COLLEGE DISTRICT Limited Tax Bonds Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 3,640 3,640 BRAZOS CNTY HEALTH FACILITIES DEVELOPMENT CORP RB (Franciscan Services Corp Obligated Group) Series 1997A&B 3.21%, 04/03/08 (a)(b)(c)(d) 8,000 8,000 BROWNSVILLE ISD Unlimited Tax School Building Bonds Series 2006 2.25%, 04/02/08 (a)(b)(c)(d) 3,815 3,815 BROWNSVILLE UTILITY SYSTEM Revenue Improvement & Refunding Bonds Series 2005A 2.27%, 04/03/08 (a)(b)(c)(d) 1,905 1,905 CYPRESS-FAIRBANKS ISD Unlimited Tax Schoolhouse & Refunding Bonds Series 2007 2.23%, 04/03/08 (a)(b)(c)(d) 14,850 14,850 2.27%, 04/03/08 (a)(b)(c)(d) 3,830 3,830 DALLAS GO Bonds Series 2005 2.24%, 04/03/08 (a)(c)(d) 4,970 4,970 DALLAS AREA RAPID TRANSIT Sr Lien Sales Tax Refunding RB Series 2007 2.31%, 04/03/08 (a)(b)(c)(d) 4,300 4,300 2.39%, 04/03/08 (a)(b)(c)(d) 9,530 9,530 DALLAS WATER & SEWER UTILITIES Refunding & Improvement RB Series 2006 2.26%, 04/03/08 (a)(b)(c)(d) 4,990 4,990 Refunding RB Series 2007 2.31%, 04/03/08 (a)(b)(c)(d) 36,830 36,830 EL PASO ISD Unlimited Tax School Building Bonds Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 3,485 3,485 FORT BEND CNTY Limited Tax Bonds Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 2,240 2,240 GULF COAST WASTE DISPOSAL AUTH Pollution Control Refunding RB (Amoco Oil Co) Series 1992 0.90%, 04/01/08 (a) 800 800 HARRIS CNTY Permanent Improvement Refunding Bonds Series 2006A & Unlimited Tax Road & Refunding Bonds Series 2006B 2.29%, 04/03/08 (a)(c)(d) 8,590 8,590 Toll Road Sr Lien Refunding RB Series 2007A 2.58%, 04/03/08 (a)(b)(c)(d) 9,600 9,600 Unlimited Tax & Subordinate Lien Refunding RB Series 2007C 2.23%, 04/03/08 (a)(b)(c)(d) 12,970 12,970 HARRIS CNTY FLOOD CONTROL DISTRICT Contract Tax Refunding Bonds Series 2008A 2.24%, 04/03/08 (a)(c)(d) 8,000 8,000
8 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) HOUSTON Combined Utility System First Lien Refunding RB Series 2007A 2.29%, 04/03/08 (a)(b)(c)(d) 4,950 4,950 Public Improvement Refunding Bonds Series 2007A 2.30%, 04/03/08 (a)(b)(c)(d) 1,200 1,200 HOUSTON COMBINED UTILITY SYSTEM First Lien Refunding RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 332 332 2.28%, 04/03/08 (a)(b)(c)(d) 4,300 4,300 First Lien Refunding RB Series 2007B 2.24%, 04/03/08 (a)(b)(c)(d) 3,074 3,074 KATY ISD Unlimited Tax Refunding Bonds Series 2007B & Limited Tax Refunding Bonds Series 2007C 2.24%, 04/03/08 (a)(b)(c)(d) 3,795 3,795 LAMAR CONSOLIDATED ISD Unlimited Tax Schoolhouse & Refunding Bonds Series 2008 2.27%, 04/03/08 (a)(b)(c)(d) 3,250 3,250 LOWER COLORADO RIVER AUTH CP Series A 1.65%, 04/04/08 (c) 10,100 10,100 MIDLAND COLLEGE DISTRICT GO Bonds Series 2005 3.80%, 03/27/08 (a)(b)(c)(d) 5,460 5,460 NORTH TEXAS MUNICIPAL WATER DISTRICT RB Series 2006 2.29%, 04/03/08 (a)(b)(c)(d) 7,310 7,310 2.34%, 04/03/08 (a)(b)(c)(d) 4,910 4,910 RED RIVER EDUCATION FINANCE CORP Higher Education RB (Texas Christian Univ) Series 2007 2.31%, 04/03/08 (a)(b)(c)(d) 5,195 5,195 ROUND ROCK ISD Unlimited Tax School Building Bonds Series 2007 2.23%, 04/03/08 (a)(b)(c)(d) 10,755 10,755 Unlimited Tax School Building Bonds Series 2008 2.16%, 04/03/08 (a)(c)(d) 4,745 4,745 SAN ANTONIO Combination Tax & Revenue Certificates of Obligation Series 2006 2.23%, 04/03/08 (a)(c)(d) 8,910 8,910 General Improvement & Refunding Bonds Series 2006 & Combination Tax & Revenue Certificates of Obligation Series 2006 2.20%, 04/03/08 (a)(c)(d) 3,165 3,165 Tax & Revenue Certificates of Obligation Series 2007 2.30%, 04/02/08 (a)(c)(d) 2,155 2,155 Water System Refunding RB Series 2005 2.33%, 04/03/08 (a)(b)(c)(d) 7,570 7,570 SAN ANTONIO ELECTRIC & GAS SYSTEM Electric & Gas Systems Refunding RB New Series 2007 2.16%, 04/03/08 (a)(c)(d) 5,360 5,360 2.23%, 04/03/08 (a)(c)(d) 10,245 10,245 2.27%, 04/03/08 (a)(c)(d) 8,370 8,370 SAN ANTONIO ISD Unlimited Tax Refunding Bonds Series 2006 2.29%, 04/03/08 (a)(b)(c)(d) 4,500 4,500 SOCORRO ISD Unlimited Tax School Building Bonds Series 2006A 2.24%, 04/03/08 (a)(b)(c)(d) 3,400 3,400 SPRING ISD Unlimited Tax Schoolhouse & Refunding Bonds Series 2008A 2.27%, 04/03/08 (a)(b)(c)(d) 3,840 3,840 TEMPLE ISD Unlimited Tax Refunding Bonds Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 1,395 1,395 TEXAS TRAN Series 2007 3.70%, 08/28/08 37,500 37,619 TEXAS A&M BOARD OF REGENTS Permanent Univ Fund Bonds Series 1998 2.23%, 04/03/08 (a)(c)(d) 5,970 5,970 TEXAS DEPT OF TRANSPORTATION GO Mobility Fund Bonds Series 2006 2.27%, 04/03/08 (a)(c)(d) 7,585 7,585 GO Mobility Fund Bonds Series 2007 2.23%, 04/03/08 (a)(c)(d) 46,195 46,195 TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP II Gas Supply RB Series 2007AB 2.35%, 04/03/08 (a)(b)(c)(d) 30,000 30,000 Gas Supply RB Series 2007B 2.31%, 04/03/08 (a)(b)(c)(d) 24,000 24,000 TEXAS TRANSPORTATION COMMISSION GO Mobility Fund Bonds Series 2005A 2.29%, 04/03/08 (a)(c)(d) 1,525 1,525 GO Mobility Fund Bonds Series 2006A 2.29%, 04/03/08 (a)(c)(d) 1,850 1,850 GO Mobility Fund Bonds Series 2007 2.29%, 04/03/08 (a)(c)(d) 4,250 4,250 UNIV OF TEXAS Permanent Univ Fund Notes Series A 3.35%, 04/15/08 10,000 10,000 1.50%, 07/07/08 10,000 10,000 Permanent Univ Fund Refunding Bonds Series 2006B 2.20%, 04/03/08 (a)(c)(d) 16,758 16,758 Refunding Bonds Series 2007B 2.07%, 04/03/08 (a) 26,330 26,330
9 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Revenue Financing System Bonds Series 2008B 2.10%, 04/03/08 (a) 9,500 9,500 WEST UNIV PLACE Permanent Improvement Refunding Bonds Series 2005 2.27%, 04/03/08 (a)(b)(c)(d) 4,955 4,955 -------------- 507,168 UTAH 1.3% - -------------------------------------------------------------------------------- INTERMOUNTAIN POWER AGENCY Power Supply RB Series 1985F 2.75%, 09/15/08 15,000 15,000 2.75%, 09/15/08 (b)(c) 15,000 15,000 UTAH TRANSIT AUTH Subordinated Sales Tax Refunding RB Series 2007A 3.01%, 04/03/08 (a)(b)(c)(d) 11,760 11,760 -------------- 41,760 VIRGINIA 1.2% - -------------------------------------------------------------------------------- CHESTERFIELD CNTY ECONOMIC DEVELOPMENT AUTH RB (Bon Secours Health System) Series 2008C2 2.07%, 04/02/08 (a)(b)(c) 7,220 7,220 FAIRFAX CNTY Public Improvement Refunding Bonds Series 2003A 1.70%, 06/01/08 2,600 2,614 VIRGINIA COLLEGE BUILDING AUTH Educational Facilities RB (Public Higher Education Financing Program) Series 2006A 2.23%, 04/03/08 (a)(c)(d) 4,125 4,125 WINCHESTER IDA Hospital RB (Valley Health System) Series 2007 4.28%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 Hospital RB (Winchester Medical Center) Series 1991 2.22%, 04/03/08 (a)(b)(c)(d) 14,590 14,590 -------------- 38,549 WASHINGTON 3.8% - -------------------------------------------------------------------------------- CASCADE WATER ALLIANCE Water System RB Series 2006 2.24%, 04/03/08 (a)(b)(c)(d) 8,650 8,650 CENTRAL PUGET SOUND REGIONAL TRANSIT AUTH Sales Tax Bonds Series 2007A 2.38%, 04/02/08 (a)(b)(c)(d) 4,840 4,840 KING CNTY Sewer Refunding RB Second Series 2006 2.20%, 04/03/08 (a)(b)(c)(d) 3,340 3,340 2.29%, 04/03/08 (a)(b)(c)(d) 9,095 9,095 PORT OF SEATTLE Passenger Facility Charge RB Series 1998A 2.24%, 04/03/08 (a)(b)(c)(d) 3,515 3,515 SEATTLE Water System Refunding RB Series 2006 2.21%, 04/03/08 (a)(b)(c)(d) 2,510 2,510 SHORELINE SD NO.412 Unlimited Tax GO Improvement & Refunding Bonds Series 2006 2.21%, 04/03/08 (a)(b)(c)(d) 2,700 2,700 UNIV OF WASHINGTON RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 9,985 9,985 UNIV PLACE SD NO. 83 Unlimited Tax GO Bonds Series 2008 2.21%, 04/03/08 (a)(b)(c)(d) 4,050 4,050 WASHINGTON GO Bonds Series 2003A 2.30%, 04/03/08 (a)(b)(c)(d) 5,170 5,170 GO Refunding Bonds Series R-2006A 2.71%, 04/03/08 (a)(b)(c)(d) 9,960 9,960 Motor Vehicle Fuel Tax GO Bonds Series 2008A 2.29%, 04/03/08 (a)(c)(d) 1,470 1,470 Motor Vehicle Fuel Tax GO Bonds Series 2008B 2.29%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 Various Purpose GO Bonds Series 2008A 2.16%, 04/03/08 (a)(c)(d) 1,730 1,730 2.30%, 04/02/08 (a)(c)(d) 9,550 9,550 Various Purpose GO Bonds Series 2008C 2.16%, 04/03/08 (a)(c)(d) 3,870 3,870 2.27%, 04/03/08 (a)(c)(d) 4,960 4,960 WASHINGTON HEALTH CARE FACILITIES AUTH RB (Providence Health & Services) Series 2006A 2.24%, 04/03/08 (a)(b)(c)(d) 19,835 19,835 -------------- 120,230 WEST VIRGINIA 0.8% - -------------------------------------------------------------------------------- MONONGALIA CNTY BUILDING COMMISSION Hospital Refunding & Improvement RB (Monongalia General Hospital) Series 2008A 2.25%, 04/03/08 (a)(b) 16,000 16,000 WEST VIRGINIA STATE HOSPITAL FINANCING AUTH Refunding RB (Charleston Area Medical Center) Series 1995A 2.23%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 -------------- 26,000 WISCONSIN 1.2% - -------------------------------------------------------------------------------- MANITOWOC Electric Power System RB Series 2004A 2.27%, 04/03/08 (a)(b)(c)(d) 7,115 7,115
10 SCHWAB AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) WISCONSIN RB Series 2005A 2.25%, 04/03/08 (a)(b)(c)(d) 7,564 7,564 Transportation RB Series 2007A 2.27%, 04/03/08 (a)(b)(c)(d) 8,065 8,065 WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTH RB (Aurora Health Care) Series 1997 2.24%, 04/03/08 (a)(b)(c)(d) 7,960 7,960 WISCONSIN TRANSPORTATION Transportation Revenue CP Series 2006A 2.95%, 06/11/08 (c) 7,500 7,500 -------------- 38,204 -------------- TOTAL MUNICIPAL SECURITIES (COST $3,058,128) 3,058,128 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $3,058,128. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $1,690,384 or 54.0% of net assets. BAN - Bond anticipation note COP - Certificate of participation GO - General obligation HFA - Housing finance agency IDA - Industrial development authority IDB - Industrial development board ISD - Independent school district RAN - Revenue anticipation note RB - Revenue bond SD - School district TECP - Tax-exempt commercial paper TRAN - Tax and revenue anticipation note USD - Unified school district 11 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB AMT TAX-FREE MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $3,058,128 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $3,058,128
12 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB CALIFORNIA MUNICIPAL MONEY FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase. For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 95.5% MUNICIPAL SECURITIES 10,495,349 10,495,349 - -------------------------------------------------------------------------------- 95.5% TOTAL INVESTMENTS 10,495,349 10,495,349 4.5% OTHER ASSETS AND LIABILITIES 492,436 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 10,987,785
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 95.5% OF NET ASSETS CALIFORNIA 92.4% - -------------------------------------------------------------------------------- ALAMEDA CNTY IDA RB (Aitchison Family Partnership) Series 1993A 2.27%, 04/02/08 (a)(b) 2,440 2,440 RB (JMS Family Partnership) Series 1995A 2.27%, 04/02/08 (a)(b) 1,000 1,000 ANAHEIM HOUSING AUTH M/F Housing RB (Casa Granada Apts) Series 1997A 2.10%, 04/03/08 (a)(b) 3,395 3,395 M/F Housing RB (Port Trinidad Apts) Series 1997C 2.10%, 04/03/08 (a)(b) 1,840 1,840 M/F Housing Refunding RB (Sage Park) Series 1998A 2.09%, 04/03/08 (a)(b) 5,500 5,500 ANAHEIM PUBLIC FINANCING AUTH Sewer RB Series 2007 2.18%, 04/03/08 (a)(b)(c)(d) 8,215 8,215 ANAHEIM REDEVELOPMENT AGENCY Tax Allocation Refunding Bonds Series 2007A 2.22%, 04/03/08 (a)(b)(c)(d) 5,305 5,305 ANTELOPE VALLEY COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2004) Series B 2.18%, 04/03/08 (a)(b)(c)(d) 7,500 7,500 ASSOCIATION OF BAY AREA GOVERNMENTS COP (Harker School Foundation) Series 1998 1.70%, 04/02/08 (a)(b) 3,895 3,895 COP (The Harker School) Series 2007 1.70%, 04/02/08 (a)(b) 9,890 9,890 M/F Housing RB (Artech Building) Series 1999A 2.08%, 04/03/08 (a)(b) 3,200 3,200 M/F Housing RB (Crossing Apts) Series 2002A 2.09%, 04/03/08 (a)(b) 18,500 18,500 M/F Housing RB (Miramar Apts) Series 2000A 2.09%, 04/03/08 (a)(b) 15,000 15,000 M/F Housing RB (Mountain View Apts) Series 1997A 2.20%, 04/03/08 (a)(b) 5,785 5,785 RB (Acacia Creek at Union City) Series 2008A 1.05%, 04/01/08 (a)(c) 15,000 15,000 RB (Air Force Village West Inc) Series 2005 2.20%, 04/03/08 (a)(b) 10,695 10,695 RB (Francis Parker School) Series 2005 2.05%, 04/03/08 (a)(b) 5,000 5,000 RB (Public Policy Institute of California) Series 2001A 2.05%, 04/03/08 (a)(b) 10,000 10,000 BAY AREA TOLL AUTH San Francisco Bay Area Toll Bridge RB Series 2001D 3.21%, 04/03/08 (a)(b)(c)(d) 10,125 10,125 San Francisco Bay Area Toll Bridge RB Series 2006C 4.50%, 04/03/08 (a)(b)(c) 80,000 80,000 San Francisco Bay Area Toll Bridge RB Series 2006F 2.13%, 04/03/08 (a)(c)(d) 5,610 5,610 San Francisco Bay Area Toll Bridge RB Series 2006F & 2007F 2.29%, 04/03/08 (a)(c)(d) 15,810 15,810 BUCKEYE UNITED SD GO Bonds (Election of 2006) Series 2007 2.18%, 04/03/08 (a)(b)(c)(d) 2,240 2,240 CABRILLO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2004) Series A 2.26%, 04/03/08 (a)(b)(c)(d) 8,575 8,575 GO Bonds (Election of 2004) Series B 2.26%, 04/03/08 (a)(b)(c)(d) 18,065 18,065 CALIFORNIA Economic Recovery Bonds Series 2004A 2.20%, 04/03/08 (a)(b)(c)(d) 31,420 31,420 2.20%, 04/03/08 (a)(c)(d) 39,995 39,995 2.27%, 04/03/08 (a)(b)(c)(d) 8,495 8,495 2.68%, 04/03/08 (a)(b)(c)(d) 8,873 8,873
1 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Economic Recovery Bonds Series 2004B4 4.87%, 07/01/08 32,560 33,025 Economic Recovery Bonds Series 2004C11 1.65%, 04/02/08 (a)(b) 13,620 13,620 Economic Recovery Bonds Series 2004C15 1.90%, 04/02/08 (a)(b)(c) 8,070 8,070 Economic Recovery Bonds Series 2004C3 0.92%, 04/01/08 (a)(c) 1,000 1,000 Economic Recovery Bonds Series 2004C5 0.97%, 04/01/08 (a)(c) 6,165 6,165 GO Bonds 2.20%, 04/03/08 (a)(b)(c)(d) 18,480 18,480 2.20%, 04/03/08 (a)(b)(c)(d) 23,825 23,825 2.20%, 04/03/08 (a)(b)(c)(d) 30,795 30,795 2.20%, 04/03/08 (a)(b)(c)(d) 11,570 11,570 2.21%, 04/03/08 (a)(b)(c)(d) 95,240 95,240 2.22%, 04/03/08 (a)(b)(c)(d) 15,580 15,580 2.25%, 04/03/08 (a)(b)(c)(d) 4,410 4,410 2.29%, 04/03/08 (a)(b)(c)(d) 4,400 4,400 GO Bonds Series 1999 2.28%, 04/03/08 (a)(b)(c)(d) 10,835 10,835 GO Bonds Series 2003C1 1.92%, 04/03/08 (a)(b) 3,200 3,200 GO Bonds Series 2003C2 1.95%, 04/03/08 (a)(b) 9,650 9,650 GO Bonds Series 2004A3 1.40%, 04/01/08 (a)(b) 500 500 GO Bonds Series 2004A5 0.85%, 04/01/08 (a)(b) 1,200 1,200 GO Bonds Series 2004B3 1.09%, 04/01/08 (a)(b) 9,115 9,115 GO Bonds Series 2007 2.21%, 04/03/08 (a)(b)(c)(d) 15,420 15,420 2.31%, 04/03/08 (a)(b)(c)(d) 24,035 24,035 GO CP Notes 2.25%, 04/01/08 (c) 71,200 71,200 1.55%, 05/02/08 (c) 4,000 4,000 0.85%, 05/06/08 (c) 100,000 100,000 0.75%, 05/08/08 (c) 88,000 88,000 1.55%, 05/08/08 (c) 25,000 25,000 2.20%, 05/09/08 (c) 25,000 25,000 1.40%, 05/12/08 (c) 7,500 7,500 2.25%, 05/20/08 (c) 35,000 35,000 2.20%, 06/02/08 (c) 100,000 100,000 1.56%, 06/03/08 (c) 14,000 14,000 2.08%, 06/03/08 (c) 23,400 23,400 2.10%, 06/03/08 (c) 33,000 33,000 1.56%, 06/04/08 (c) 10,500 10,500 1.56%, 06/05/08 (c) 34,000 34,000 1.81%, 06/06/08 (c) 30,000 30,000 1.55%, 06/10/08 (c) 25,000 25,000 1.50%, 06/12/08 (c) 25,000 25,000 GO Refunding Bonds 2.26%, 04/03/08 (a)(b)(c)(d) 16,830 16,830 2.29%, 04/03/08 (a)(b)(c)(d) 22,135 22,135 GO Refunding Bonds Series 2007 2.18%, 04/03/08 (a)(b)(c)(d) 11,605 11,605 2.20%, 04/03/08 (a)(b)(c)(d) 24,940 24,940 2.24%, 04/03/08 (a)(b)(c)(d) 74,250 74,250 RAN 1.68%, 06/30/08 6,000 6,034 3.37%, 06/30/08 300,000 300,456 Various Purpose GO Bonds 2.05%, 04/02/08 (a)(b)(c)(d) 4,000 4,000 2.20%, 04/03/08 (a)(b)(c)(d) 18,440 18,440 2.24%, 04/03/08 (a)(b)(c)(d) 6,505 6,505 2.24%, 04/03/08 (a)(b)(c)(d) 8,295 8,295 2.26%, 04/03/08 (a)(b)(c)(d) 5,525 5,525 2.29%, 04/03/08 (a)(b)(c)(d) 4,480 4,480 3.01%, 04/03/08 (a)(b)(c)(d) 31,365 31,365 4.75%, 04/03/08 (a)(b)(c)(d) 30,830 30,830 3.60%, 09/18/08 (b)(c)(d) 37,420 37,420 CALIFORNIA DEPT OF VETERANS AFFAIRS Home Purchase RB Series 2007A 2.31%, 04/03/08 (a)(c)(d) 7,480 7,480 Home Purchase RB Series 2007B 2.23%, 04/02/08 (a)(c)(d) 11,195 11,195 CALIFORNIA DEPT OF WATER RESOURCES BAN Series 2007A 3.21%, 04/17/08 (a)(b)(c)(d) 63,000 63,000 Power Supply RB Series 2002B2 1.20%, 04/01/08 (a)(b) 11,600 11,600 Power Supply RB Series 2002B6 1.09%, 04/01/08 (a)(b) 11,860 11,860 Power Supply RB Series 2002C1 1.72%, 04/03/08 (a)(b) 2,600 2,600 Power Supply RB Series 2002C11 1.95%, 04/03/08 (a)(b) 3,100 3,100 Power Supply RB Series 2002C13 1.91%, 04/03/08 (a)(b)(c) 12,385 12,385 Power Supply RB Series 2002C8 1.50%, 04/03/08 (a)(b) 3,000 3,000 Power Supply RB Series 2002C9 1.70%, 04/03/08 (a)(b) 39,090 39,090 Power Supply RB Series 2005F2 0.90%, 04/01/08 (a)(b) 12,550 12,550 Power Supply RB Series 2005F4 0.90%, 04/01/08 (a)(b) 2,800 2,800 Power Supply RB Series 2005F5 1.20%, 04/01/08 (a)(b) 4,990 4,990 Power Supply RB Series 2005G3 1.75%, 04/03/08 (a)(b)(c) 7,105 7,105 Power Supply RB Series 2005G6 1.75%, 04/03/08 (a)(b)(c) 2,000 2,000 Power Supply RB Series 2005G8 3.00%, 04/03/08 (a)(b)(c) 45,000 45,000 CALIFORNIA ECONOMIC DEVELOPMENT FINANCING AUTH Airport Facilities RB (Mercury Air Group) Series 1998 2.05%, 04/03/08 (a)(b) 9,600 9,600 IDRB (Calco) Series 1997 2.28%, 04/02/08 (a)(b) 300 300 CALIFORNIA EDUCATIONAL FACILITIES AUTH RB (Chapman Univ) Series 2000 1.95%, 04/02/08 (a)(b) 1,100 1,100
2 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) RB (Univ of Southern California) Series 2007A 2.29%, 04/03/08 (a)(c)(d) 2,120 2,120 Refunding RB (Pepperdine University) Series 2005A 2.31%, 04/03/08 (a)(b)(c)(d) 25,835 25,835 CALIFORNIA HEALTH FACILITIES FINANCING AUTH RB (Catholic Healthcare West) Series 2004K 1.77%, 04/02/08 (a)(b) 7,900 7,900 RB (Kaiser Permanente) Series 1998A 2.29%, 04/03/08 (a)(b)(c)(d) 9,995 9,995 RB (Kaiser Permanente) Series 2006C 1.96%, 04/02/08 (a) 70,200 70,200 RB (Kaiser Permanente) Series 2006E 1.78%, 06/04/08 40,000 40,000 2.15%, 06/10/08 2,500 2,500 RB (Sutter Health) Series 2007A 2.08%, 04/02/08 (a)(c)(d) 29,990 29,990 2.22%, 04/03/08 (a)(c)(d) 15,000 15,000 CALIFORNIA HFA Home Mortgage RB Series 2001J 1.27%, 04/01/08 (a)(b)(c) 27,150 27,150 Home Mortgage RB Series 2001N 1.30%, 04/01/08 (a)(b)(c) 1,150 1,150 Home Mortgage RB Series 2001R 1.85%, 04/01/08 (a)(b)(c) 1,910 1,910 Home Mortgage RB Series 2002J 3.00%, 04/01/08 (a)(b)(c) 82,385 82,385 Home Mortgage RB Series 2003K 2.08%, 04/02/08 (a)(c) 6,400 6,400 2.08%, 04/02/08 (a)(c) 54,685 54,685 Home Mortgage RB Series 2003M 1.30%, 04/01/08 (a)(c) 4,590 4,590 2.00%, 04/02/08 (a)(c) 28,390 28,390 Home Mortgage RB Series 2005A 2.00%, 04/02/08 (a)(c) 30,000 30,000 Home Mortgage RB Series 2005B 1.95%, 04/02/08 (a)(c) 4,660 4,660 1.95%, 04/02/08 (a)(c) 26,000 26,000 Home Mortgage RB Series 2005H 1.33%, 04/01/08 (a)(c) 4,195 4,195 1.33%, 04/01/08 (a)(c) 7,900 7,900 Home Mortgage RB Series 2006I 2.24%, 04/03/08 (a)(c)(d) 4,620 4,620 Home Mortgage RB Series 2006K 2.24%, 04/03/08 (a)(c)(d) 6,215 6,215 Home Mortgage RB Series 2007G&J 2.33%, 04/03/08 (a)(c)(d) 21,832 21,832 Home Mortgage RB Series 2007H 1.32%, 04/01/08 (a)(c) 7,795 7,795 Home Mortgage RB Series 2007J 2.23%, 04/02/08 (a)(c)(d) 12,675 12,675 Home Mortgage RB Series 2007K 1.30%, 04/01/08 (a)(c) 5,000 5,000 Home Mortgage RB Series 2008C 1.25%, 04/01/08 (a)(b) 11,760 11,760 M/F Housing RB III Series 2001G 2.08%, 04/02/08 (a)(c) 14,060 14,060 CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK IDRB (American-De Rosa Lamp Arts) Series 1999 2.32%, 04/02/08 (a)(b) 4,950 4,950 IDRB (Fairmont Sign Co) Series 2000A 2.40%, 04/03/08 (a)(b) 4,250 4,250 IDRB (Nelson Name Plate Co) Series 1999 2.17%, 04/01/08 (a)(b) 2,450 2,450 IDRB (Roller Bearing Co) Series 1999 2.38%, 04/02/08 (a)(b) 2,400 2,400 Insured RB (Rand Corp) Series 2002B 1.75%, 04/01/08 (a)(b)(c) 24,930 24,930 RB (Asian Art Museum Foundation of SF) Series 2005 2.05%, 04/01/08 (a)(b)(c) 900 900 RB (Bay Area Toll Bridges Seismic Retrofit) Series 2003A 2.18%, 04/03/08 (a)(b)(c)(d) 47,540 47,540 2.20%, 04/03/08 (a)(b)(c)(d) 37,230 37,230 RB (California Independent System Operator Corp) Series 2000A 2.40%, 04/02/08 (a)(b)(c) 14,100 14,100 RB (California Independent System Operator Corp) Series 2004A 5.00%, 04/02/08 (a)(b)(c) 27,550 27,550 RB (J. Paul Getty Trust) Series 2003D 0.90%, 04/01/08 (a) 300 300 RB (SRI International) Series 2003A 1.80%, 04/03/08 (a)(b) 2,350 2,350 Refunding RB (J. Paul Getty Trust) Series 2007A1 1.70%, 04/01/09 14,000 14,000 Refunding RB (J. Paul Getty Trust) Series 2007A3 1.70%, 04/01/09 12,100 12,100 CALIFORNIA MUNICIPAL FINANCE AUTH RB (Republic Services Inc) Series 2008A 2.05%, 04/03/08 (a)(b) 31,000 31,000 Solid Waste Disposal RB (Waste Management Inc) Series 2008A 2.05%, 04/03/08 (a)(b) 8,900 8,900 CALIFORNIA POLLUTION CONTROL FINANCING AUTH Refunding RB (BP West Coast Products) Series 2008 0.90%, 04/01/08 (a) 2,405 2,405 Refunding RB (Pacific Gas & Electric Co) Series 1997B 1.30%, 04/01/08 (a)(b) 25,700 25,700 Refunding RB (Pacific Gas & Electric Co) Series 1996C 0.90%, 04/01/08 (a)(b) 14,580 14,580
3 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Resource Recovery RB (Sanger) Series 1990A 2.10%, 04/02/08 (a)(b) 19,200 19,200 Resource Recovery RB (Wadham Energy) Series 1987B 1.90%, 04/02/08 (a)(b) 1,500 1,500 Solid Waste Disposal RB (Ag Resources III) Series 2004 2.25%, 04/02/08 (a)(b) 5,570 5,570 Solid Waste Disposal RB (Agrifab) Series 2003 2.25%, 04/02/08 (a)(b) 5,800 5,800 Solid Waste Disposal RB (Alameda Cnty Industries) Series 2000A 2.25%, 04/02/08 (a)(b) 2,555 2,555 Solid Waste Disposal RB (Athens Disposal Co) Series 1995A 2.25%, 04/02/08 (a)(b) 7,500 7,500 Solid Waste Disposal RB (Athens Disposal Co) Series 1999A 2.25%, 04/02/08 (a)(b) 3,685 3,685 Solid Waste Disposal RB (Athens Services) Series 2001A 2.25%, 04/02/08 (a)(b) 2,895 2,895 Solid Waste Disposal RB (Athens Services) Series 2006A 2.25%, 04/02/08 (a)(b) 20,565 20,565 Solid Waste Disposal RB (Atlas Disposal Industries) Series 1999A 2.25%, 04/02/08 (a)(b) 5,400 5,400 Solid Waste Disposal RB (AVI-PGS) Series 2008A 2.25%, 04/02/08 (a)(b) 2,815 2,815 Solid Waste Disposal RB (BLT Enterprises of Fremont) Series 2005A 2.30%, 04/02/08 (a)(b) 14,560 14,560 Solid Waste Disposal RB (BLT Enterprises of Sacramento) Series 1999A 2.25%, 04/02/08 (a)(b) 7,535 7,535 Solid Waste Disposal RB (Blue Line Transfer) Series 1999A 2.25%, 04/02/08 (a)(b) 3,680 3,680 Solid Waste Disposal RB (Blue Line Transfer) Series 2001A 2.25%, 04/02/08 (a)(b) 3,500 3,500 Solid Waste Disposal RB (Browning- Ferris Industries of California) Series 1997A 1.95%, 04/02/08 (a)(b) 15,400 15,400 Solid Waste Disposal RB (Burrtec Waste & Recycling Services) Series 2006A 2.23%, 04/02/08 (a)(b) 17,845 17,845 Solid Waste Disposal RB (Burrtec Waste Group Inc) Series 2004 2.23%, 04/02/08 (a)(b) 9,920 9,920 Solid Waste Disposal RB (Burrtec Waste Group Inc) Series 2006A 2.23%, 04/02/08 (a)(b) 18,445 18,445 Solid Waste Disposal RB (Burrtec Waste Industries Inc) Series 2000A 2.23%, 04/02/08 (a)(b) 4,705 4,705 Solid Waste Disposal RB (Burrtec Waste Industries Inc) Series 2002A 2.23%, 04/02/08 (a)(b) 9,900 9,900 Solid Waste Disposal RB (Burrtec Waste Industries) Series 1997B 2.23%, 04/02/08 (a)(b) 4,600 4,600 Solid Waste Disposal RB (California Waste Solutions) Series 2002A 2.25%, 04/02/08 (a)(b) 9,485 9,485 Solid Waste Disposal RB (California Waste Solutions) Series 2004A 2.25%, 04/02/08 (a)(b) 6,825 6,825 Solid Waste Disposal RB (California Waste Solutions) Series 2007A 2.25%, 04/02/08 (a)(b) 25,905 25,905 Solid Waste Disposal RB (Cedar Avenue Recycling & Transfer Station) 2.25%, 04/02/08 (a)(b) 2,500 2,500 Solid Waste Disposal RB (Cold Canyon Landfill) Series 1998A 2.22%, 04/02/08 (a)(b) 5,845 5,845 Solid Waste Disposal RB (Contra Costa Waste Service) Series 1995A 2.25%, 04/02/08 (a)(b) 2,425 2,425 Solid Waste Disposal RB (CR&R Inc) Series 1995A 2.28%, 04/02/08 (a)(b) 3,160 3,160 Solid Waste Disposal RB (CR&R Inc) Series 2000A 2.28%, 04/02/08 (a)(b) 2,610 2,610 Solid Waste Disposal RB (CR&R Inc) Series 2002A 2.28%, 04/02/08 (a)(b) 3,400 3,400 Solid Waste Disposal RB (CR&R Inc) Series 2006A 2.28%, 04/02/08 (a)(b) 7,840 7,840 Solid Waste Disposal RB (CR&R Inc) Series 2007A 2.28%, 04/02/08 (a)(b) 10,305 10,305 Solid Waste Disposal RB (Desert Properties) Series 2006B 2.28%, 04/02/08 (a)(b) 2,245 2,245 Solid Waste Disposal RB (EDCO Disposal Corp) Series 1996A 2.23%, 04/02/08 (a)(b) 9,455 9,455 Solid Waste Disposal RB (EDCO Disposal Corp) Series 2004A 2.23%, 04/02/08 (a)(b) 20,680 20,680 Solid Waste Disposal RB (EDCO Disposal Corp) Series 2007A 2.23%, 04/02/08 (a)(b) 15,980 15,980 Solid Waste Disposal RB (Escondido Disposal/Jemco Equipment Corp) Series 1998A 2.23%, 04/02/08 (a)(b) 7,600 7,600 Solid Waste Disposal RB (Federal Disposal Service) Series 2001A 2.30%, 04/02/08 (a)(b) 750 750
4 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Solid Waste Disposal RB (Garaventa Enterprises Inc) Series 2006A 2.25%, 04/02/08 (a)(b) 8,970 8,970 Solid Waste Disposal RB (Garden City Sanitation Inc) Series 2007A 2.30%, 04/02/08 (a)(b) 8,110 8,110 Solid Waste Disposal RB (Greenteam of San Jose) Series 1997A 2.22%, 04/02/08 (a)(b) 800 800 Solid Waste Disposal RB (Greenteam of San Jose) Series 2001A 2.22%, 04/02/08 (a)(b) 8,640 8,640 Solid Waste Disposal RB (Greenwaste of Tehama) Series 1999A 2.22%, 04/02/08 (a)(b) 640 640 Solid Waste Disposal RB (GreenWaste Recovery Inc) Series 2006A 2.30%, 04/02/08 (a)(b) 2,930 2,930 Solid Waste Disposal RB (GreenWaste Recovery Inc) Series 2007A 2.30%, 04/02/08 (a)(b) 10,000 10,000 Solid Waste Disposal RB (Madera Disposal Systems Inc) Series 1998A 2.22%, 04/02/08 (a)(b) 1,800 1,800 Solid Waste Disposal RB (MarBorg Industries) Series 2000A 2.25%, 04/02/08 (a)(b) 3,445 3,445 Solid Waste Disposal RB (MarBorg Industries) Series 2002 2.25%, 04/02/08 (a)(b) 4,010 4,010 Solid Waste Disposal RB (MarBorg Industries) Series 2004A 2.25%, 04/02/08 (a)(b) 5,215 5,215 Solid Waste Disposal RB (Marin Sanitary Service) Series 2006A 2.30%, 04/02/08 (a)(b) 3,910 3,910 Solid Waste Disposal RB (Mid-Valley Disposal) Series 2006A 2.30%, 04/02/08 (a)(b) 3,560 3,560 Solid Waste Disposal RB (Mill Valley Refuse Service Inc) Series 2003A 2.25%, 04/02/08 (a)(b) 2,225 2,225 Solid Waste Disposal RB (Mottra Corp) Series 2002A 2.30%, 04/02/08 (a)(b) 1,610 1,610 Solid Waste Disposal RB (Napa Recycling & Waste Services) Series 2005A 2.30%, 04/02/08 (a)(b) 4,220 4,220 Solid Waste Disposal RB (Northern Recycling & Waste Services) Series 2007A 2.30%, 04/02/08 (a)(b) 3,440 3,440 Solid Waste Disposal RB (Orange Ave Disposal Co) Series 2002A 2.25%, 04/02/08 (a)(b) 5,610 5,610 Solid Waste Disposal RB (Placer Cnty Eastern Regional Sanitary Landfill Inc) Series 2003A 2.25%, 04/02/08 (a)(b) 4,625 4,625 Solid Waste Disposal RB (Rainbow Disposal Company Inc) Series 2006A 2.30%, 04/02/08 (a)(b) 8,910 8,910 Solid Waste Disposal RB (Ratto Group of Companies) Series 2001A 2.25%, 04/02/08 (a)(b) 6,140 6,140 Solid Waste Disposal RB (Sanco Services) Series 2002A 2.23%, 04/02/08 (a)(b) 5,360 5,360 Solid Waste Disposal RB (Santa Clara Valley Industries) Series 1998A 2.30%, 04/02/08 (a)(b) 1,015 1,015 Solid Waste Disposal RB (Solag Disposal) Series 1997A 2.28%, 04/02/08 (a)(b) 2,135 2,135 Solid Waste Disposal RB (Specialty Solid Waste & Recycling) Series 2001A 2.30%, 04/02/08 (a)(b) 100 100 Solid Waste Disposal RB (Talco Plastics) Series 1997A 2.32%, 04/02/08 (a)(b) 2,975 2,975 Solid Waste Disposal RB (Ratto Group of Companies) Series 2007A 2.30%, 04/02/08 (a)(b) 26,400 26,400 Solid Waste Disposal RB (Valley Vista Services Inc) Series 2003A 2.30%, 04/02/08 (a)(b) 3,045 3,045 Solid Waste Disposal RB (Valley Vista Services Inc) Series 2007A 2.30%, 04/02/08 (a)(b) 2,920 2,920 Solid Waste Disposal RB (West Valley MRF) Series 1997A 2.30%, 04/02/08 (a)(b) 2,105 2,105 Solid Waste Disposal RB (Zanker Road Landfill) Series 1999C 2.30%, 04/02/08 (a)(b) 4,045 4,045 CALIFORNIA PUBLIC WORKS BOARD Lease RB (Univ of California) Series 2005C 2.20%, 04/03/08 (a)(c)(d) 15,180 15,180 Lease RB Series 1999A 3.23%, 04/02/08 (a)(b)(c)(d) 9,985 9,985 Lease Refunding RB (Dept of Corrections & Rehabilitation) Series 2005J 4.29%, 04/03/08 (a)(b)(c)(d) 46,870 46,870 Lease Refunding RB (Dept of Corrections) Series 1993A 4.00%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 Lease Refunding RB (Univ of California) Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 8,935 8,935 2.68%, 04/03/08 (a)(b)(c)(d) 23,687 23,687
5 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Lease Refunding RB (Univ of California) Series 2007C 2.26%, 04/03/08 (a)(b)(c)(d) 11,265 11,265 CALIFORNIA SCHOOL CASH RESERVE PROGRAM AUTH COP (2007-2008 TRANS) Series A 3.62%, 07/01/08 (b) 40,000 40,060 CALIFORNIA STATE UNIV RB Series 2005C 2.28%, 04/03/08 (a)(b)(c)(d) 8,835 8,835 RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 24,750 24,750 Systemwide RB Series 2005C 2.28%, 04/03/08 (a)(b)(c)(d) 21,180 21,180 3.01%, 04/03/08 (a)(b)(c)(d) 31,390 31,390 Systemwide RB Series 2005C 2.57%, 04/03/08 (a)(b)(c)(d) 20,135 20,135 Systemwide RB Series 2007A 2.20%, 04/03/08 (a)(b)(c)(d) 6,695 6,695 TECP Series A 1.85%, 05/05/08 (b) 3,900 3,900 2.10%, 06/02/08 (b) 30,000 30,000 CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTH COP (Sutter Health) Series 1999E 2.28%, 04/02/08 (a)(b)(c)(d) 5,000 5,000 COP (Sutter Health) Series 2004 2.28%, 04/03/08 (a)(b)(c)(d) 25,873 25,873 IDRB (Integrated Rolling Co) Series 1999A 2.17%, 04/01/08 (a)(b) 500 500 Insured RB (St Joseph Health System) Series 2007D 2.18%, 04/03/08 (a)(b)(c)(d) 12,045 12,045 M/F Housing RB (Agave at Elk Grove Apts) Series 2003DD 2.09%, 04/03/08 (a)(b) 15,100 15,100 M/F Housing RB (Bay Vista at MeadowPark Apts) Series 2003NN1 2.09%, 04/03/08 (a)(b) 14,600 14,600 M/F Housing RB (Campus Pointe Apts) Series 2008J 2.11%, 04/03/08 (a)(b) 7,550 7,550 M/F Housing RB (Creekside at MeadowPark Apts) Series 2002HH 2.09%, 04/03/08 (a)(b) 9,695 9,695 M/F Housing RB (Cypress Villa Apts) Series 2000F 2.09%, 04/03/08 (a)(b) 4,725 4,725 M/F Housing RB (Dublin Ranch Sr Apts) Series 2006G 2.09%, 04/03/08 (a)(b) 5,010 5,010 M/F Housing RB (Dublin Ranch Sr Apts) Series 2003OO 2.09%, 04/03/08 (a)(b) 15,090 15,090 M/F Housing RB (Emerald Gardens Apts) Series 2000E 2.09%, 04/03/08 (a)(b) 7,320 7,320 M/F Housing RB (Fairway Family Apts) Series 2003PP 2.09%, 04/03/08 (a)(b) 30,000 30,000 M/F Housing RB (Fairway Family Apts) Series 2006H 2.09%, 04/03/08 (a)(b) 7,000 7,000 M/F Housing RB (Heritage Oaks Apts) Series 2004YY 2.09%, 04/03/08 (a)(b) 6,900 6,900 M/F Housing RB (Heritage Park Apts) Series 2008C 2.09%, 04/03/08 (a)(b) 9,000 9,000 M/F Housing RB (Kimberly Woods Apts) Series 1995B 2.09%, 04/02/08 (a)(b) 13,400 13,400 M/F Housing RB (Laurel Park Sr Apts) Series 2002H 2.40%, 04/03/08 (a)(b) 5,500 5,500 M/F Housing RB (Los Padres Apts) Series 2003E 2.09%, 04/03/08 (a)(b) 10,750 10,750 M/F Housing RB (Marlin Cove Apts) Series 2000V 2.09%, 04/03/08 (a)(b) 6,000 6,000 M/F Housing RB (Oak Center Towers) Series 2005L 2.09%, 04/03/08 (a)(b) 3,820 3,820 M/F Housing RB (Oakmont of Concord) Series 2002Q 2.09%, 04/03/08 (a)(b) 25,000 25,000 M/F Housing RB (Park David Sr Apts) Series 1999D 2.09%, 04/03/08 (a)(b) 8,220 8,220 M/F Housing RB (Plaza Club Apts) Series 1997A 2.09%, 04/03/08 (a)(b) 14,790 14,790 M/F Housing RB (Rancho Santa Fe Village Apts) Series 2004EE 2.27%, 04/03/08 (a)(b) 12,300 12,300 M/F Housing RB (Sagewood At Stonebridge Estates) Series 2005CC 2.09%, 04/03/08 (a)(b) 9,100 9,100 M/F Housing RB (The Belmont) Series 2005F 2.09%, 04/03/08 (a)(b) 10,500 10,500 M/F Housing RB (Valley Palms Apts) Series 2002C 2.09%, 04/03/08 (a)(b) 12,000 12,000 M/F Housing RB (Villas at Hamilton Apts) Series 2001HH 2.09%, 04/03/08 (a)(b) 11,440 11,440 M/F Housing RB (Wilshire Court Apts) Series 2004AAA 2.09%, 04/03/08 (a)(b) 15,000 15,000 M/F Housing RB (Woodsong Apts) Series 1997B 2.10%, 04/03/08 (a)(b) 3,127 3,127
6 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) M/F Housing RB (Wyndover Apts) Series 2004LL 2.09%, 04/03/08 (a)(b) 17,450 17,450 M/F Housing Refunding RB (Arbor Ridge Apts) Series 2008B 2.11%, 04/03/08 (a)(b) 9,500 9,500 M/F Housing Refunding RB (Brandon Place Apts) Series 2006D 2.09%, 04/03/08 (a)(b) 6,070 6,070 M/F Housing Refunding RB (Crystal View Apts) Series 2004A 2.09%, 04/03/08 (a)(b) 7,075 7,075 RB (Elder Care Alliance) Series 2000 2.24%, 04/02/08 (a)(b) 12,560 12,560 RB (Gemological Institute) Series 2001 4.75%, 04/03/08 (a)(b)(c) 100 100 RB (Kaiser Permanente) Series 2002B 1.96%, 04/02/08 (a) 67,115 67,115 RB (Kaiser Permanente) Series 2003A 1.96%, 04/02/08 (a) 30,300 30,300 RB (Kaiser Permanente) Series 2004H 2.61%, 05/01/08 11,690 11,732 RB (Kaiser Permanente) Series 2004K 1.00%, 04/07/08 14,000 14,000 1.78%, 06/04/08 11,000 11,000 1.80%, 06/05/08 30,000 30,000 2.15%, 06/10/08 14,000 14,000 RB (Kaiser Permanente) Series 2004M 1.96%, 04/02/08 (a) 14,700 14,700 RB (Kaiser Permanente) Series 2006D 1.78%, 06/04/08 20,000 20,000 2.00%, 06/10/08 21,500 21,500 RB (Painted Turtle) Series 2003 2.05%, 04/03/08 (a)(b) 11,650 11,650 RB (Sutter Health) Series 2003A 2.46%, 04/03/08 (a)(b)(c)(d) 14,850 14,850 2.68%, 04/03/08 (a)(b)(c)(d) 10,645 10,645 RB (Sutter Health) Series 2003B 2.46%, 04/03/08 (a)(b)(c)(d) 47,430 47,430 TRAN Program Note Participations Series 2007A2 3.62%, 06/30/08 12,500 12,526 3.68%, 06/30/08 13,365 13,391 TRAN Program Note Participations Series 2007A3 3.18%, 06/30/08 3,000 3,009 3.62%, 06/30/08 15,000 15,031 3.66%, 06/30/08 25,000 25,050 TRAN Program Note Participations Series 2007A4 3.62%, 06/30/08 12,500 12,526 TRAN Program Note Participations Series 2007A5 3.62%, 06/30/08 10,000 10,021 3.68%, 06/30/08 25,520 25,570 CARLSBAD M/F Housing Refunding RB (Santa Fe Ranch Apts) Series 1993A 2.05%, 04/03/08 (a)(b) 14,500 14,500 CENTRAL USD GO Refunding Bonds Series 2005 3.01%, 04/03/08 (a)(b)(c)(d) 11,855 11,855 COAST COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series 2006C 2.27%, 04/03/08 (a)(b)(c)(d) 3,548 3,548 CONTRA COSTA CNTY M/F Mortgage RB (El Cerrito Royale) Series 1987A 2.05%, 04/03/08 (a)(b) 2,480 2,480 TRAN Series A 3.27%, 12/05/08 50,000 50,239 3.28%, 12/05/08 65,000 65,309 CONTRA COSTA CNTY PUBLIC FINANCING AUTH Tax Allocation RB Series 2007A 3.01%, 04/03/08 (a)(b)(c)(d) 9,500 9,500 DESERT SANDS USD GO Bonds (Election of 2001) Series 2006 3.01%, 04/03/08 (a)(b)(c)(d) 21,150 21,150 DIAMOND BAR PUBLIC FINANCING AUTH Lease RB (Community/Sr Center) Series 2002A 2.25%, 04/02/08 (a)(b) 3,825 3,825 EAST BAY MUNICIPAL UTILITY DISTRICT Water System Subordinated RB Series 2005A 2.27%, 04/03/08 (a)(b)(c)(d) 11,410 11,410 Water System Subordinated RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 72,600 72,600 4.02%, 04/03/08 (a)(b)(c)(d) 11,620 11,620 Water System Subordinated Refunding RB Series 2002A 1.90%, 04/02/08 (a)(b)(c) 6,345 6,345 Water System Subordinated Refunding RB Series 2008A1 1.75%, 04/02/08 (a)(c) 33,100 33,100 Water System Subordinated Refunding RB Series 2008A2 1.75%, 04/02/08 (a)(c) 10,000 10,000 Water System Subordinated Refunding RB Series 2008A3 1.75%, 04/02/08 (a)(c) 14,425 14,425 Water System Subordinated Refunding RB Series 2008A4 1.55%, 04/02/08 (a)(c) 24,810 24,810 Water System Subordinated Refunding RB Series 2008C1 1.85%, 04/02/08 (a)(c) 17,500 17,500
7 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Water System Subordinated Refunding RB Series 2008C2 1.75%, 04/02/08 (a)(c) 10,000 10,000 Water System Subordinated Refunding RB Series 2008C4 1.92%, 04/02/08 (a)(c) 12,000 12,000 Water System Subordinated Refunding RB Series 2008C5 1.55%, 04/02/08 (a)(c) 12,500 12,500 Water System Subordinated Refunding RB Series 2008C6 1.75%, 04/02/08 (a)(c) 16,000 16,000 Water Systems & Wastewater TECP 1.70%, 06/09/08 (c) 40,000 40,000 1.95%, 06/09/08 (c) 4,000 4,000 2.00%, 06/09/08 (c) 40,200 40,200 EL CAJON REDEVELOPMENT AGENCY M/F Housing RB (Park-Mollison & Madison Apts) Series 1998 2.09%, 04/03/08 (a)(b) 4,700 4,700 EL CAMINO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series 2006B 3.50%, 04/03/08 (a)(b)(c)(d) 1,530 1,530 GO Bonds Series 2003A 2.26%, 04/03/08 (a)(b)(c)(d) 16,100 16,100 EL CAMINO HOSPITAL DISTRICT GO Bonds Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 6,600 6,600 GO Bonds Series 2006 2.28%, 04/03/08 (a)(b)(c)(d) 8,035 8,035 ELK GROVE USD Community Facilities District No.1 Special Tax Bonds (Election of 1998) Series 2005 2.23%, 04/03/08 (a)(b)(c)(d) 16,990 16,990 ELSINORE VALLEY MUNICIPAL WATER DISTRICT COP Series 2007A 3.62%, 08/07/08 (b)(c)(d) 12,990 12,990 EMERYVILLE REDEVELOPMENT AGENCY M/F Housing RB (Bay St Apts) Series 2002A 2.10%, 04/03/08 (a)(b) 87,715 87,715 ESCONDIDO M/F Housing RB (Via Roble Apts) Series 2003A 2.09%, 04/03/08 (a)(b) 6,900 6,900 EVERGREEN ELEMENTARY SD GO Refunding Bonds Series 2005 2.28%, 04/03/08 (a)(b)(c)(d) 16,050 16,050 FONTANA USD GO Bonds (Election of 2006) Series B 2.29%, 04/03/08 (a)(b)(c)(d) 5,000 5,000 FOOTHILL-DEANZA COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 1999) Series C 2.31%, 04/03/08 (a)(b)(c)(d) 19,955 19,955 GO Bonds Series A 2.23%, 04/02/08 (a)(c)(d) 9,950 9,950 FRESNO IDA IDRB (Keiser Corp) Series 1997 2.32%, 04/02/08 (a)(b) 1,160 1,160 GLENDALE Water RB Series 2008 2.24%, 04/03/08 (a)(b)(c)(d) 2,950 2,950 GOLDEN STATE TOBACCO SECURITIZATION CORP Enhanced Tobacco Settlement Asset- Backed Bonds Series 2005A 3.90%, 04/02/08 (a)(b)(c)(d) 22,550 22,550 2.24%, 04/03/08 (a)(b)(c)(d) 19,805 19,805 2.24%, 04/03/08 (a)(b)(c)(d) 6,420 6,420 2.25%, 04/03/08 (a)(b)(c)(d) 33,940 33,940 2.25%, 04/03/08 (a)(b)(c)(d) 7,500 7,500 Tobacco Settlement Asset-Backed Bonds Series 2003A1 2.28%, 04/02/08 (a)(c)(d) 43,470 43,470 2.29%, 04/03/08 (a)(c)(d) 21,690 21,690 GOLDEN VALLEY USD GO Bonds (Election of 1999) Series D 2.21%, 04/03/08 (a)(b)(c)(d) 8,447 8,447 GOLDEN WEST SCHOOLS FINANCING AUTH GO RB (Beverly Hills USD) Series 2005 2.20%, 04/03/08 (a)(b)(c)(d) 17,615 17,615 HACIENDA LA PUENTE USD FACILITIES FINANCING AUTH RB Series 2007 2.28%, 04/02/08 (a)(b)(c)(d) 10,905 10,905 HAYWARD M/F Housing RB (Lord Tennyson Apts) Series 2005A 2.27%, 04/03/08 (a)(b) 13,915 13,915 M/F Housing RB (Shorewood Apts) Series 1984A 2.05%, 04/03/08 (a)(b) 10,900 10,900 HAYWARD HOUSING AUTH M/F Mortgage Refunding RB (Huntwood Terrace Apts) Series 1993A 1.94%, 04/02/08 (a)(b) 5,055 5,055 HERCULES PUBLIC FINANCING AUTH Lease RB Series 2003A 2.05%, 04/03/08 (a)(b) 6,755 6,755 HUNTINGTON BEACH M/F Housing RB (Five Points Seniors) Series 1991A 2.09%, 04/03/08 (a)(b) 9,500 9,500 HUNTINGTON PARK REDEVELOPMENT AGENCY M/F Housing RB (Casa Rita Apts) Series 1994A 2.09%, 04/03/08 (a)(b) 4,600 4,600 IRVINE Lease RB (Capital Improvement) Series 1985 1.85%, 04/03/08 (a)(b) 1,575 1,575
8 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) IRVINE ASSESSMENT DISTRICT Limited Obligation Improvement Bonds (Assessment District No. 04-20) Series A 1.10%, 04/01/08 (a)(b) 1,390 1,390 Limited Obligation Improvement Bonds (Assessment District No. 93-14) Series 2000 0.90%, 04/01/08 (a)(b) 5,832 5,832 Limited Obligation Improvement Bonds (Assessment District No.03-19) Series B 0.90%, 04/01/08 (a)(b) 1,767 1,767 IRWINDALE COMMUNITY REDEVELOPMENT AGENCY Tax Allocation Refunding Parity Bonds (City Industrial Development) Series 2006 2.20%, 04/03/08 (a)(b)(c)(d) 20,220 20,220 KERN CNTY 2007-08 TRAN 3.62%, 06/30/08 25,000 25,052 KERN COMMUNITY COLLEGE SAFETY, REPAIR & IMPROVEMENT DISTRICT GO Bonds (Election of 2002) Series 2006 2.21%, 04/03/08 (a)(b)(c)(d) 17,130 17,130 LODI Electric System Revenue COP Series 2002A 2.75%, 04/02/08 (a)(b)(c) 26,500 26,500 LOMA LINDA RB (Loma Linda Univ Medical Center) Series 2007B1 1.60%, 04/03/08 (a)(b) 11,200 11,200 RB (Loma Linda Univ Medical Center) Series 2007B2 1.60%, 04/03/08 (a)(b) 36,000 36,000 LONG BEACH Harbor RB Series 2002A 2.75%, 04/02/08 (a)(b)(c) 28,000 28,000 Harbor RB Series 2002B 2.35%, 04/03/08 (a)(b)(c)(d) 11,985 11,985 Harbor Refunding RB Series 1998A 2.24%, 04/03/08 (a)(b)(c)(d) 6,570 6,570 Harbor Refunding RB Series 2005A 2.24%, 04/03/08 (a)(b)(c)(d) 2,520 2,520 LONG BEACH HARBOR Harbor TECP Series A 1.23%, 05/06/08 (c) 31,400 31,400 LOS ANGELES GO Refunding Bonds Series 1998A 2.28%, 04/03/08 (a)(b)(c)(d) 4,150 4,150 M/F Housing RB (Beverly Park Apts) Series 1988A 2.09%, 04/01/08 (a)(b) 15,500 15,500 M/F Housing RB (Fountain Park Phase II) Series 2000B 2.15%, 04/03/08 (a)(b) 19,515 19,515 M/F Housing RB (Fountain Park) Series 1999P 2.15%, 04/03/08 (a)(b) 9,800 9,800 M/F Housing RB Series 1985K 1.90%, 04/01/08 (a)(b) 752 752 TRAN 2007 3.65%, 06/30/08 49,600 49,700 3.67%, 06/30/08 103,000 103,203 Wastewater System Refunding RB Series 2002A 2.26%, 04/03/08 (a)(b)(c)(d) 7,800 7,800 4.00%, 04/03/08 (a)(b)(c)(d) 16,445 16,445 Wastewater System Refunding RB Series 2005A 2.41%, 04/03/08 (a)(b)(c)(d) 5,735 5,735 LOS ANGELES CNTY 2007-08 TRAN 3.18%, 06/30/08 6,000 6,018 3.62%, 06/30/08 50,000 50,104 3.64%, 06/30/08 7,755 7,771 LOS ANGELES CNTY METROPOLITAN TRANSPORTATION AUTH Prop A First Tier Sr Sales Tax Refunding RB Series 2001B 2.25%, 04/03/08 (a)(b)(c)(d) 21,250 21,250 Prop C Second Tier Sr Sales Tax Refunding RB Series 1993A 3.25%, 04/03/08 (a)(b)(c) 64,500 64,500 Second Subordinate Sales Tax Revenue CP Series A 1.60%, 06/04/08 (b) 36,650 36,650 1.80%, 06/12/08 (b) 4,500 4,500 1.45%, 07/07/08 (b) 7,000 7,000 LOS ANGELES CNTY SANITATION DISTRICTS FINANCING AUTH Capital Projects RB Series 2005B 2.29%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 LOS ANGELES COMMUNITY REDEVELOPMENT AGENCY M/F Housing RB (Wilshire Station Apts) Series 2003A 1.11%, 04/01/08 (a)(b) 14,000 14,000 M/F Housing RB (Wilshire Station Apts) Series 2004A 1.11%, 04/01/08 (a)(b) 26,600 26,600 LOS ANGELES CONVENTION & EXHIBITION AUTH Lease Refunding RB Series 2003B1 5.00%, 04/02/08 (a)(b)(c) 14,110 14,110 LOS ANGELES DEPT OF AIRPORTS CP Notes (Los Angeles International Airport) Series A&B 1.15%, 04/02/08 (b) 5,000 5,000 1.80%, 06/04/08 (b) 6,700 6,700 0.96%, 06/05/08 (b) 7,000 7,000 1.50%, 06/05/08 (b) 11,600 11,600 1.85%, 06/05/08 (b) 5,400 5,400 1.90%, 06/09/08 (b) 5,000 5,000
9 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 1.85%, 06/10/08 (b) 6,000 6,000 LOS ANGELES DEPT OF WATER & POWER Power Supply RB Series 2005A1 2.25%, 04/03/08 (a)(b)(c)(d) 6,000 6,000 Power System RB Series 2001A1 2.20%, 04/03/08 (a)(c)(d) 7,120 7,120 2.29%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 Power System RB Series 2001B2 1.60%, 04/03/08 (a)(c) 8,200 8,200 Power System RB Series 2005A1 2.23%, 04/03/08 (a)(b)(c)(d) 8,140 8,140 Power System RB Series 2005A2 2.18%, 04/03/08 (a)(b)(c)(d) 20,800 20,800 Power System RB Series 2007A1 2.71%, 04/03/08 (a)(b)(c)(d) 7,995 7,995 Power System Revenue CP Notes 3.10%, 05/07/08 (c) 47,500 47,500 1.80%, 06/12/08 (c) 25,000 25,000 RB Series 2001A 2.25%, 04/03/08 (a)(b)(c)(d) 21,250 21,250 RB Series 2007A2 2.71%, 04/03/08 (a)(b)(c)(d) 52,405 52,405 Water System RB Series 2001A 6.00%, 04/03/08 (a)(b)(c)(d) 13,555 13,555 Water System RB Series 2006A2 2.37%, 04/03/08 (a)(b)(c)(d) 13,330 13,330 Water Works RB Series 1999 3.03%, 04/02/08 (a)(b)(c)(d) 22,090 22,090 LOS ANGELES HARBOR RB Series 2006D 2.21%, 04/03/08 (a)(b)(c)(d) 12,655 12,655 Refunding RB Series 2006B 2.24%, 04/03/08 (a)(b)(c)(d) 13,650 13,650 LOS ANGELES MUNICIPAL IMPROVEMENT CORP Lease Revenue TECP Series A1 2.00%, 06/09/08 (b) 3,575 3,575 0.90%, 06/11/08 (b) 15,000 15,000 LOS ANGELES USD GO Bonds 2.20%, 04/03/08 (a)(b)(c)(d) 4,380 4,380 GO Bonds (Election of 2002) Series 2005C&E 2.29%, 04/03/08 (a)(b)(c)(d) 28,960 28,960 GO Bonds (Election of 2002) Series 2007B 2.55%, 04/02/08 (a)(b)(c)(d) 5,375 5,375 2.24%, 04/03/08 (a)(b)(c)(d) 12,050 12,050 GO Bonds (Election of 2002) Series 2007B 2.23%, 04/03/08 (a)(b)(c)(d) 3,250 3,250 2.28%, 04/03/08 (a)(b)(c)(d) 11,720 11,720 GO Bonds (Election of 2004) Series 2005E 2.37%, 04/03/08 (a)(b)(c)(d) 3,830 3,830 2.71%, 04/03/08 (a)(b)(c)(d) 3,400 3,400 GO Bonds (Election of 2004) Series 2006F 3.74%, 07/17/08 (b)(c)(d) 16,190 16,190 GO Bonds (Election of 2004) Series 2006G 2.71%, 04/03/08 (a)(b)(c)(d) 4,430 4,430 GO Bonds (Election of 2004) Series 2007H 2.24%, 04/03/08 (a)(b)(c)(d) 6,600 6,600 2.25%, 04/03/08 (a)(b)(c)(d) 17,700 17,700 GO Bonds (Elections of 2004& 2005) Series 2005E & 2006C 2.68%, 04/03/08 (a)(b)(c)(d) 21,762 21,762 GO Bonds Series 2004H 2.24%, 04/03/08 (a)(b)(c)(d) 24,750 24,750 GO Refunding Bonds Series 2007A1 2.20%, 04/03/08 (a)(b)(c)(d) 5,065 5,065 2.21%, 04/03/08 (a)(b)(c)(d) 13,000 13,000 2.26%, 04/03/08 (a)(b)(c)(d) 13,735 13,735 2.26%, 04/03/08 (a)(b)(c)(d) 7,315 7,315 2.26%, 04/03/08 (a)(b)(c)(d) 11,695 11,695 2.41%, 04/03/08 (a)(b)(c)(d) 21,335 21,335 GO Refunding Bonds Series 2007A2 2.20%, 04/03/08 (a)(b)(c)(d) 11,810 11,810 TRAN Series A 3.18%, 12/29/08 48,000 48,285 M-S-R PUBLIC POWER AGENCY Subordinate Lien RB (San Juan) Series 1997E 5.00%, 04/03/08 (a)(b)(c) 1,050 1,050 MADERA CNTY Lease RB (Madera Municipal Golf Course Refinancing) Series 1993 2.00%, 04/03/08 (a)(b) 2,715 2,715 MARTINEZ M/F Housing Refunding RB (Muirwood Garden Apts) Series 2003A 1.70%, 04/02/08 (a)(b) 6,800 6,800 METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNA RB Series 2000B4 1.92%, 04/02/08 (a)(c) 28,100 28,100 MODESTO IRRIGATION DISTRICT COP (1996 Refunding & Capital Improvements) Series 2006A 2.20%, 04/03/08 (a)(b)(c)(d) 4,520 4,520 MONTEREY PENINSULA COMMTY COLLEGE DIST GO Bonds (Election of 2002) Series C 2.29%, 04/03/08 (a)(b)(c)(d) 2,905 2,905 MORENO VALLEY COMMUNITY REDEVELOPMENT AGENCY Tax Allocation Bonds Series A 3.01%, 04/03/08 (a)(b)(c)(d) 6,175 6,175 MORGAN HILL REDEVELOPMENT AGENCY Tax Allocation Bonds (Ojo De Agua Redevelopment Area) Series 2008A 2.00%, 04/03/08 (a)(b) 17,000 17,000
10 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MT SAN ANTONIO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2001) Series 2004B 2.26%, 04/03/08 (a)(b)(c)(d) 13,140 13,140 NATOMAS USD GO Bonds (Election of 2006) Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 8,600 8,600 NEWPORT-MESA USD GO Bonds (Election of 2005) Series 2007 2.20%, 04/03/08 (a)(b)(c)(d) 31,425 31,425 NORTHERN CALIFORNIA GAS AUTH Gas Project RB Series 2007B 2.13%, 04/03/08 (a)(b)(c)(d) 3,335 3,335 2.22%, 04/03/08 (a)(b)(c)(d) 44,423 44,422 2.26%, 04/03/08 (a)(b)(c)(d) 14,100 14,100 OAKLAND Insured RB (180 Harrison Foundation) Series 1999A 5.98%, 04/02/08 (a)(b)(c)(d) 4,500 4,500 OCEANSIDE M/F Mortgage RB (Riverview Springs Apts) Series 1990A 2.09%, 04/03/08 (a)(b) 13,870 13,870 OHLONE COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series B 2.21%, 04/03/08 (a)(b)(c)(d) 10,000 10,000 ORANGE CNTY Apartment Development Refunding RB (Villas Aliento) Series 1998E 1.95%, 04/03/08 (a)(b) 4,500 4,500 COP (Florence Crittenton Services) Series 1990 1.65%, 04/02/08 (a)(b) 3,900 3,900 ORANGE CNTY LOCAL TRANSPORTATION AUTH Sales Tax Revenue CP Notes 2.10%, 06/09/08 (b) 17,600 17,600 1.00%, 08/05/08 (b) 3,825 3,825 ORANGE CNTY SANITATION DISTRICT COP Series 2003 2.68%, 04/03/08 (a)(b)(c)(d) 2,133 2,133 COP Series 2007B 2.18%, 04/03/08 (a)(b)(c)(d) 7,809 7,809 2.21%, 04/03/08 (a)(b)(c)(d) 16,665 16,665 2.25%, 04/03/08 (a)(b)(c)(d) 6,995 6,995 2.29%, 04/03/08 (a)(b)(c)(d) 12,000 12,000 Refunding COP Series 2000A 1.10%, 04/01/08 (a)(c) 5,890 5,890 Refunding COP Series 2000B 1.10%, 04/01/08 (a)(c) 2,400 2,400 OXNARD FINANCING AUTH Water Revenue Project Bonds Series 2006 2.27%, 04/03/08 (a)(b)(c)(d) 11,740 11,740 PALM SPRINGS USD GO Bonds (Election of 2004) Series A 2.27%, 04/03/08 (a)(b)(c)(d) 10,400 10,400 PALOMAR POMERADO HEALTH GO Bonds (Election of 2004) Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 5,820 5,820 2.24%, 04/03/08 (a)(b)(c)(d) 9,890 9,890 2.31%, 04/03/08 (a)(b)(c)(d) 9,820 9,820 PARAMOUNT USD GO Bonds (Election of 2006) Series 2007 2.29%, 04/03/08 (a)(b)(c)(d) 4,990 4,990 PERALTA COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2006) Series 2007B 2.25%, 04/03/08 (a)(b)(c)(d) 12,800 12,800 PETALUMA COMMUNITY DEVELOPMENT COMMISSION M/F Housing RB (Oakmont) Series 1996A 2.40%, 04/03/08 (a)(b) 3,150 3,150 PINOLE REDEVELOPMENT AGENCY M/F Housing RB (East Bluff Apts) Series 1998A 2.20%, 04/03/08 (a)(b) 4,959 4,959 PLACER CNTY WATER AGENCY Second Sr Water Revenue COP Series 2007 2.20%, 04/03/08 (a)(b)(c)(d) 12,555 12,555 PLEASANT HILL M/F Mortgage RB (Brookside Apts) Series 1988A 2.00%, 04/02/08 (a)(b) 3,700 3,700 PLEASANTON M/F Housing RB (Busch Senior Housing) Series 2003A 2.09%, 04/03/08 (a)(b) 2,360 2,360 PORT OF OAKLAND CP Series D 2.20%, 06/05/08 (b) 18,995 18,995 Intermediate Lien Refunding RB Series 2007A 2.65%, 04/03/08 (a)(b)(c)(d) 7,500 7,500 POWAY USD GO Bonds (Election of 2002) Series 2006B 2.25%, 04/03/08 (a)(b)(c)(d) 7,100 7,100 REDLANDS USD GO Bonds (Election of 2002) Series 2005 2.18%, 04/03/08 (a)(b)(c)(d) 4,810 4,810 REDWOOD CITY COP (City Hall) Series 1998 2.05%, 04/03/08 (a)(b) 4,585 4,585
11 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) RICHMOND M/F Housing RB (Baycliff Apts) Series 2004A 2.09%, 04/03/08 (a)(b) 28,800 28,800 RIVERSIDE CNTY COP Type One Series B 1.95%, 04/01/08 (a)(b) 12,310 12,310 Transportation Commission CP Notes (Limited Tax Bonds) 2.00%, 06/09/08 (b) 6,900 6,900 RIVERSIDE CNTY ASSET LEASING CORP Leasehold RB (Southwest Justice Ctr) Series 2000B 3.00%, 04/02/08 (a)(b)(c) 1,300 1,300 RIVERSIDE CNTY HOUSING AUTH M/F Housing RB (Victoria Springs Apts) Series 1989C 2.09%, 04/03/08 (a)(b) 9,000 9,000 RIVERSIDE COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2004) Series 2007C 2.25%, 04/03/08 (a)(b)(c)(d) 8,600 8,600 SACRAMENTO CNTY COP (Animal Care/Youth Detention Facilities) Series 2007 2.24%, 04/03/08 (a)(b)(c)(d) 21,315 21,315 Special Facilities Airport RB (Cessna Aircraft Co) Series 1998 2.23%, 04/03/08 (a)(b) 7,800 7,800 TRAN Series 2007A 3.67%, 07/09/08 25,000 25,054 3.68%, 07/09/08 20,000 20,043 M/F Housing RB (Ashford Heights Apts) Series 2006H 2.09%, 04/03/08 (a)(b) 21,850 21,850 M/F Housing RB (Hastings Park Apts) Series 2004G 2.09%, 04/03/08 (a)(b) 16,500 16,500 M/F Housing RB (Logan Park Apts) Series 2007E 2.14%, 04/03/08 (a)(b) 24,000 24,000 M/F Housing Refunding RB (Chesapeake Commons Apts) Series 2001C 2.09%, 04/03/08 (a)(b) 32,500 32,500 M/F Housing RB (Carlton Plaza of Sacramento Senior Apts) Series 2003E 2.09%, 04/03/08 (a)(b) 14,000 14,000 SACRAMENTO CNTY SANITATION DISTRICT FINANCING AUTH RB Series 2004A 2.37%, 04/03/08 (a)(b)(c)(d) 3,230 3,230 Refunding RB (Sacramento Regional Cnty Sanitation District) Series 2007B 2.20%, 04/03/08 (a)(b)(c)(d) 6,665 6,665 SACRAMENTO FINANCE AUTH Capital Improvement RB Series 2006A 2.28%, 04/03/08 (a)(b)(c)(d) 7,260 7,260 Refunding RB Series 2006E (Master Lease Program Facilities) 2.28%, 04/03/08 (a)(b)(c)(d) 15,600 15,600 SACRAMENTO HOUSING AUTH M/F Housing RB (Atrium Court Apts) 2002G 2.09%, 04/03/08 (a)(b) 17,200 17,200 M/F Housing RB (Hurley Creek Senior Apts) Series 2006E 2.09%, 04/03/08 (a)(b) 13,105 13,105 M/F Housing RB (St Anton Building Apts) Series 2003I 2.09%, 04/03/08 (a)(b) 8,000 8,000 M/F Housing RB (Valencia Point Apts) Series 2006I 2.09%, 04/03/08 (a)(b) 7,335 7,335 SACRAMENTO USD GO Bonds (Election of 1999) Series C 2.26%, 04/03/08 (a)(b)(c)(d) 14,485 14,485 SAN BERNARDINO CITY USD GO Bonds (Election of 2004) Series B 2.27%, 04/03/08 (a)(b)(c)(d) 2,500 2,500 SAN BERNARDINO CNTY FLOOD CONTROL DISTRICT Judgment Obligation Bonds Series A 4.00%, 04/03/08 (a)(b)(c)(d) 6,415 6,415 SAN BERNARDINO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series C 2.20%, 04/03/08 (a)(b)(c)(d) 7,780 7,780 2.21%, 04/03/08 (a)(b)(c)(d) 7,735 7,735 SAN DIEGO CNTY & SD TRAN Program Note Participations Series 2007A 3.60%, 06/30/08 10,000 10,021 TRAN Program Note Participations Series 2007B 3.62%, 06/30/08 12,500 12,526 SAN DIEGO CNTY REGIONAL AIRPORT AUTH Airport Refunding RB Series 2005 2.26%, 04/03/08 (a)(b)(c)(d) 5,900 5,900 Refunding RB Series 2005 2.24%, 04/03/08 (a)(b)(c)(d) 11,705 11,705 Subordinate Airport Revenue CP Notes Series A & B 2.72%, 06/12/08 (b) 22,254 22,254 SAN DIEGO CNTY REGIONAL TRANSPORTATION COMMISSION Sales Tax RB (Limited Tax) Series 2008A 1.80%, 04/03/08 (a)(c) 17,750 17,750 Sales Tax RB (Limited Tax) Series 2008B 1.80%, 04/03/08 (a)(c) 20,450 20,450 Sales Tax RB (Limited Tax) Series 2008C 1.80%, 04/03/08 (a)(c) 14,000 14,000
12 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Sales Tax RB (Limited Tax) Series 2008D 1.80%, 04/03/08 (a)(c) 18,500 18,500 SAN DIEGO CNTY WATER AUTH CP Series 1 2.05%, 04/03/08 (c) 3,250 3,250 2.45%, 04/03/08 (c) 45,000 45,000 CP Series 2 0.90%, 05/07/08 (c) 50,500 50,500 3.20%, 06/12/08 (c) 25,000 25,000 SAN DIEGO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2006) Series 2007 2.21%, 04/03/08 (a)(b)(c)(d) 14,085 14,085 2.29%, 04/03/08 (a)(b)(c)(d) 8,910 8,910 GO Bonds Series 2005 2.21%, 04/03/08 (a)(b)(c)(d) 17,495 17,495 SAN DIEGO HOUSING AUTH M/F Housing RB (Bay Vista Apts) Series 2008A 2.09%, 04/03/08 (a)(b) 4,800 4,800 M/F Housing RB (Hillside Garden Apts) Series 2004B 2.09%, 04/03/08 (a)(b) 9,000 9,000 M/F Housing RB (Villa Nueva Apts) Series 2007F 2.09%, 04/03/08 (a)(b) 34,100 34,100 M/F Mortgage Refunding RB (Creekside Villa Apts) Series 1999B 2.09%, 04/03/08 (a)(b) 6,000 6,000 SAN DIEGO PUBLIC FACILITIES FINANCING AUTH Subordinate Sewer Revenue Notes Series 2007 2.25%, 04/03/08 (a)(b)(c)(d) 49,500 49,500 Subordinated Water Revenue Notes Series 2008A 2.29%, 04/03/08 (a)(b)(c)(d) 41,000 41,000 SAN DIEGO USD GO Bonds Series 2003E 2.21%, 04/03/08 (a)(b)(c)(d) 25,165 25,165 GO Refunding Bonds (Election of 1998) Series 2006 F1 & G1 2.20%, 04/03/08 (a)(b)(c)(d) 5,705 5,705 2.20%, 04/03/08 (a)(b)(c)(d) 17,245 17,245 GO Refunding Bonds (Election of 1998) Series 2006F1 2.20%, 04/03/08 (a)(b)(c)(d) 2,120 2,120 TRAN Series 2007-2008 A 3.66%, 07/22/08 25,000 25,062 3.67%, 07/22/08 26,500 26,565 SAN FRANCISCO GO Bonds (Laguna Honda Hospital) Series 2005A 2.37%, 04/03/08 (a)(b)(c)(d) 10,365 10,365 GO Bonds (Laguna Honda Hospital) Series 2005B 3.35%, 04/03/08 (a)(b)(c) 15,090 15,090 GO Bonds (Laguna Honda Hospital) Series 2005I 2.20%, 04/03/08 (a)(b)(c)(d) 4,340 4,340 GO Bonds Series 2004A&B 2.27%, 04/03/08 (a)(b)(c)(d) 4,240 4,240 M/F Housing Refunding RB (City Heights Apts) Series 1997A 2.09%, 04/02/08 (a)(b) 20,800 20,800 SAN FRANCISCO AIRPORTS COMMISSION RB (San Francisco International Airport) Series 24A 2.20%, 04/03/08 (a)(b)(c)(d) 12,670 12,670 Refunding RB (San Francisco International Airport) Second Series Issue 27A 2.24%, 04/03/08 (a)(b)(c)(d) 9,005 9,005 SAN FRANCISCO BAY AREA RAPID TRANSIT GO Bonds (Election of 2004) Series 2007B 2.11%, 04/03/08 (a)(c)(d) 8,190 8,190 2.21%, 04/03/08 (a)(c)(d) 9,900 9,900 2.22%, 04/03/08 (a)(c)(d) 7,170 7,170 2.22%, 04/03/08 (a)(c)(d) 4,950 4,950 2.22%, 04/03/08 (a)(c)(d) 9,205 9,205 2.29%, 04/03/08 (a)(c)(d) 26,455 26,455 Sales Tax Refunding RB Series 2005A 2.15%, 04/02/08 (a)(b)(c)(d) 9,465 9,465 2.41%, 04/03/08 (a)(b)(c)(d) 13,400 13,400 Sales Tax Refunding RB Series 2006A 2.29%, 04/03/08 (a)(b)(c)(d) 7,525 7,525 SAN FRANCISCO CITY & CNTY REDEVELOPMENT AGENCY M/F Housing RB (Third & Mission) Series 1999C 2.15%, 04/02/08 (a)(b) 29,700 29,700 M/F Housing Refunding RB (Fillmore Center) Series 1992A2 2.15%, 04/02/08 (a)(b) 3,750 3,750 SAN FRANCISCO CNTY TRANSPORTATION AUTH CP Series A&B 2.10%, 05/22/08 (c) 12,500 12,500 SAN FRANCISCO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2005) Series B 2.18%, 04/03/08 (a)(b)(c)(d) 11,410 11,410 SAN FRANCISCO PUBLIC UTILITIES COMMISSION Water RB Series 2006A 2.20%, 04/03/08 (a)(b)(c)(d) 19,650 19,650 2.21%, 04/03/08 (a)(b)(c)(d) 12,995 12,995 Wastewater CP 1.80%, 06/11/08 (b) 2,500 2,500 SAN FRANCISCO USD GO Bonds (Election of 2003) Series 2005B 2.20%, 04/03/08 (a)(b)(c)(d) 9,720 9,720
13 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 2.25%, 04/03/08 (a)(b)(c)(d) 2,645 2,645 SAN GABRIEL VALLEY COUNCIL OF GOVERNMENTS Alameda Corridor-East Construction Project Grant Anticipation Notes 2.20%, 04/02/08 (b) 13,400 13,400 0.75%, 05/06/08 (b) 27,800 27,800 SAN JOAQUIN CNTY PUBLIC FACILITIES FINANCING CORPORATION COP Series 2007 (Cnty Administration Building) 2.27%, 04/03/08 (a)(b)(c)(d) 41,075 41,075 SAN JOSE Airport RB Series 2007 2.27%, 04/03/08 (a)(b)(c)(d) 17,610 17,610 Airport RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 3,950 3,950 2.26%, 04/03/08 (a)(b)(c)(d) 30,755 30,755 2.98%, 04/03/08 (a)(b)(c)(d) 8,125 8,125 3.71%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 GO Bonds Series 2002 2.18%, 04/03/08 (a)(b)(c)(d) 11,971 11,971 GO Bonds Series 2007 2.26%, 04/03/08 (a)(b)(c)(d) 14,995 14,995 M/F Housing RB (Almaden Family Apts) Series 2003D 2.09%, 04/03/08 (a)(b) 4,000 4,000 M/F Housing RB (Almaden Lake Village Apts) Series 1997A 2.09%, 04/03/08 (a)(b) 25,000 25,000 M/F Housing RB (Betty Anne Gardens Apts) Series 2002A 2.13%, 04/03/08 (a)(b) 7,210 7,210 M/F Housing RB (El Paseo Apts) Series 2002B 2.13%, 04/03/08 (a)(b) 4,945 4,945 M/F Housing RB (Raintree Apts) Series 2005A 2.15%, 04/03/08 (a)(b) 10,500 10,500 M/F Housing RB (Siena at Renaissance Square Apts) Series 1996A 2.09%, 04/03/08 (a)(b) 10,500 10,500 SAN JOSE FINANCING AUTH Lease RB (Civic Center) Series 2002C 5.00%, 04/02/08 (a)(b)(c) 30,040 30,040 Lease Refunding RB Series 2006A (Civic Center) 3.72%, 07/10/08 (b)(c)(d) 10,680 10,680 SAN JOSE REDEVELOPMENT AGENCY Subordinate Tax Allocation Bonds (Merged Area Redevelopment) Series 2005C 2.09%, 04/02/08 (a)(b) 7,785 7,785 Subordinate Tax Allocation Bonds (Merged Area Redevelopment) Series 2005D 2.05%, 04/02/08 (a)(b) 9,500 9,500 Tax Allocation Refunding Bonds (Merged Area Redevelopment) Series 2006C 2.21%, 04/03/08 (a)(b)(c)(d) 26,190 26,190 3.50%, 04/03/08 (a)(b)(c)(d) 16,900 16,900 Tax Allocation Refunding Bonds (Merged Area Redevelopment) Series 2006D 2.20%, 04/03/08 (a)(b)(c)(d) 34,995 34,995 SAN JOSE USD GO Bonds (Election of 2002) Series 2005B 2.31%, 04/03/08 (a)(b)(c)(d) 19,800 19,800 SAN JOSE-EVERGREEN COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2004) Series A 2.18%, 04/03/08 (a)(b)(c)(d) 7,980 7,980 GO Bonds (Election of 2004) Series B 2.18%, 04/03/08 (a)(b)(c)(d) 3,400 3,400 SAN LUIS OBISPO CNTY FINANCE AUTH RB (Nacimiento Water Project) Series 2007A 4.49%, 04/03/08 (a)(b)(c)(d) 10,370 10,370 SAN MARCOS REDEVELOPMENT AGENCY M/F Housing RB (Grandon Village) Series 2002A 2.27%, 04/03/08 (a)(b) 13,390 13,390 SAN MATEO CNTY COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2005) Series 2006B 2.18%, 04/03/08 (a)(b)(c)(d) 867 867 2.24%, 04/03/08 (a)(b)(c)(d) 17,940 17,940 SAN MATEO CNTY TRANSIT DISTRICT Limited Tax Refunding Bonds Series 2005A 3.01%, 04/03/08 (a)(b)(c)(d) 9,995 9,995 3.50%, 04/03/08 (a)(b)(c)(d) 8,685 8,685 SAN MATEO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2001) Series 2005B 2.25%, 04/03/08 (a)(b)(c)(d) 2,655 2,655 GO Bonds Series 2005B & 2006A 2.27%, 04/03/08 (a)(b)(c)(d) 13,035 13,035 SAN PABLO REDEVELOPMENT AGENCY Subordinate Tax Allocation Bonds (Tenth Township Redevelopment) Series 2006 5.00%, 04/01/08 (a)(b)(c) 8,900 8,900 SAN RAMON PUBLIC FINANCING AUTH Tax Allocation Bonds Series 2006A 2.77%, 04/03/08 (a)(b)(c)(d) 3,995 3,995 SANTA CLARA CNTY FINANCING AUTH Lease RB (Multiple Facilities) Series 2007K 2.24%, 04/03/08 (a)(b)(c)(d) 48,010 48,010 2.37%, 04/03/08 (a)(b)(c)(d) 14,285 14,285 SANTA CLARA CNTY HOUSING AUTH M/F Housing RB (Monte Vista Terrace Apts) Series 2005C 2.30%, 04/03/08 (a)(b) 9,920 9,920
14 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SANTA CRUZ CNTY TRAN 2007-2008 3.66%, 07/11/08 25,000 25,056 SANTA FE SPRINGS IDA IDRB (Tri-West) Series 1983 2.40%, 04/01/08 (a)(b) 4,000 4,000 SANTA ROSA HOUSING AUTH M/F Housing RB (Quail Run Apts) Series 1997A 2.45%, 04/03/08 (a)(b) 7,790 7,790 SEQUOIA UNION HIGH SD GO Refunding Bonds Series 2006 2.18%, 04/03/08 (a)(b)(c)(d) 4,105 4,105 SIMI VALLEY SCHOOL FINANCING AUTH GO RB Series 2007 2.20%, 04/03/08 (a)(b)(c)(d) 21,080 21,080 SIMI VALLEY USD GO Bonds (Election of 2004) Series 2007C 2.21%, 04/03/08 (a)(b)(c)(d) 7,500 7,500 SONOMA CNTY JUNIOR COLLEGE DISTRICT GO Bonds (Election of 2002) Series B 2.17%, 04/03/08 (a)(b)(c)(d) 21,390 21,390 SOUTH COAST LOCAL EDUCATION AGENCIES TRAN Program Note Participations Series 2007A 3.68%, 06/30/08 55,000 55,107 SOUTHERN CALIFORNIA HFA S/F Mortgage RB Series 2004A 2.00%, 04/02/08 (a)(c) 18,115 18,115 S/F Mortgage RB Series 2004B 2.00%, 04/02/08 (a)(c) 25,265 25,265 2.00%, 04/02/08 (a)(c) 61,585 61,585 SOUTHERN CALIFORNIA METROPOLITAN WATER DISTRICT RB Series 1997B 1.75%, 04/03/08 (a)(c) 900 900 RB Series 2000B3 0.92%, 04/01/08 (a)(c) 2,000 2,000 RB Series 2001C1 1.10%, 04/01/08 (a)(c) 3,100 3,100 RB Series 2001C2 0.80%, 04/01/08 (a)(c) 300 300 RB Series 2006A 2.21%, 04/03/08 (a)(c)(d) 13,050 13,050 2.21%, 04/03/08 (a)(c)(d) 50,000 50,000 2.22%, 04/03/08 (a)(c)(d) 4,300 4,300 Refunding RB Series 2004C 1.50%, 04/03/08 (a)(c) 10,500 10,500 Refunding RB Series 2008A1 1.85%, 04/01/08 (a)(c) 21,000 21,000 Water RB (2006 Authorization) Series A 2.29%, 04/03/08 (a)(c)(d) 12,215 12,215 SOUTHERN CALIFORNIA PUBLIC POWER AUTH Gas Project RB Series 2007B 2.24%, 04/03/08 (a)(b)(c)(d) 100,000 100,000 Subordinate Refunding RB Series 1991 2.00%, 04/02/08 (a)(b) 21,600 21,600 STATE CENTER COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series 2007A 2.29%, 04/03/08 (a)(b)(c)(d) 8,320 8,320 SWEETWATER UNION HIGH SD GO Bonds (Election of 2000) Series C 2.18%, 04/03/08 (a)(b)(c)(d) 13,900 13,900 UNIV OF CALIFORNIA CP Notes Series A 1.85%, 06/04/08 18,000 18,000 General RB Series 2003A 2.20%, 04/03/08 (a)(b)(c)(d) 9,005 9,005 2.28%, 04/03/08 (a)(b)(c)(d) 8,265 8,265 General RB Series 2005F 2.18%, 04/03/08 (a)(b)(c)(d) 6,233 6,233 General RB Series 2007J 2.18%, 04/03/08 (a)(b)(c)(d) 25,115 25,115 2.24%, 04/03/08 (a)(b)(c)(d) 39,365 39,365 2.29%, 04/03/08 (a)(c)(d) 6,100 6,100 General RB Series 2008L 2.13%, 04/03/08 (a)(c)(d) 3,275 3,275 2.29%, 04/03/08 (a)(c)(d) 4,900 4,900 General RB Series G 2.28%, 04/03/08 (a)(b)(c)(d) 10,490 10,490 GO Bonds Series J 2.18%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 Limited Project RB Series 2005B 2.00%, 04/02/08 (a)(b)(c)(d) 4,600 4,600 2.17%, 04/03/08 (a)(b)(c)(d) 10,300 10,300 2.25%, 04/03/08 (a)(b)(c)(d) 6,470 6,470 Limited Project RB Series 2007D 3.50%, 04/03/08 (a)(b)(c)(d) 7,820 7,820 Medical Center Pooled RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 19,380 19,380 Medical Center Pooled RB Series 2007B1 1.10%, 04/01/08 (a)(c) 600 600 Medical Center Pooled RB Series 2007B2 0.97%, 04/01/08 (a)(c) 8,755 8,755 Medical Center Pooled RB Series 2007C2 2.15%, 04/02/08 (a)(b)(c)(d) 8,000 8,000 2.15%, 04/02/08 (a)(b)(c)(d) 14,000 14,000 Medical Center Pooled RB Series 2007A 2.26%, 04/03/08 (a)(b)(c)(d) 29,495 29,495 Multiple Purpose RB Series 2002O 2.18%, 04/03/08 (a)(b)(c)(d) 7,995 7,995 Pooled RB Series 2007C2 2.13%, 04/03/08 (a)(c)(d) 24,000 24,000
15 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) VENTURA CNTY COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series A 2.26%, 04/03/08 (a)(b)(c)(d) 7,500 7,500 VERNON NATURAL GAS FINANCING AUTH RB Series 2006B 3.00%, 04/02/08 (a)(b)(c) 59,705 59,705 RB Series 2006C 3.00%, 04/02/08 (a)(b)(c) 15,000 15,000 VICTOR VALLEY COMMUNITY COLLEGE DISTRICT COP Series 1997 2.10%, 04/03/08 (a)(b) 44,075 44,075 WEST CONTRA COSTA USD GO Bonds (Election of 2002) Series C 2.20%, 04/03/08 (a)(b)(c)(d) 4,785 4,785 WEST VALLEY-MISSION COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2004) Series 2006A 2.25%, 04/03/08 (a)(b)(c)(d) 12,460 12,460 WESTMINISTER REDEVELOPMENT AGENCY M/F Housing RB (Brookhurst Royale Sr Assisted Living) Series 2000A 2.20%, 04/03/08 (a)(b) 7,430 7,430 WHITTIER Refunding RB (Whittier College) Series 2004 2.30%, 04/03/08 (a)(b)(c) 14,100 14,100 -------------- 10,155,114 PUERTO RICO 3.1% - -------------------------------------------------------------------------------- PUERTO RICO GO Public Improvement Refunding Bonds Series 2007A4 1.10%, 04/01/08 (a)(b)(c) 13,300 13,300 Public Improvement Bonds Series 2001A 2.21%, 04/03/08 (a)(b)(c)(d) 8,800 8,800 2.24%, 04/03/08 (a)(b)(c)(d) 7,800 7,800 Public Improvement Refunding Bonds Series 2007A2 2.05%, 04/03/08 (a)(b)(c) 900 900 Public Improvement Refunding Bonds Series 2007A3 1.10%, 04/01/08 (a)(b)(c) 1,800 1,800 TRAN Series 2008 3.40%, 07/30/08 (b) 20,000 20,055 PUERTO RICO AQUEDUCT & SEWER AUTH RB Series A 2.28%, 04/03/08 (a)(b)(c)(d) 4,400 4,400 PUERTO RICO ELECTRIC POWER AUTH Power RB Series HH 2.21%, 04/03/08 (a)(b)(c)(d) 3,860 3,860 Power Refunding RB Series UU 2.20%, 04/02/08 (a)(b)(c)(d) 14,150 14,150 2.26%, 04/03/08 (a)(b)(c)(d) 15,000 15,000 Power Refunding RB Series UU 2.29%, 04/03/08 (a)(b)(c)(d) 17,785 17,785 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Highway RB Series Y 2.29%, 04/03/08 (a)(b)(c)(d) 8,410 8,410 Highway Refunding RB Series CC 2.21%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 Highway Refunding RB Series Z 2.26%, 04/03/08 (a)(b)(c)(d) 5,260 5,260 Subordinated Transportation Refunding RB Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 23,580 23,580 Transportation RB Series L 2.24%, 04/03/08 (a)(b)(c)(d) 12,025 12,025 Transportation Refunding RB Series 2005L 4.00%, 04/03/08 (a)(b)(c)(d) 50,895 50,895 Transportation Refunding RB Series CC 2.41%, 04/03/08 (a)(b)(c)(d) 6,280 6,280 PUERTO RICO HOUSING FINANCE CORP Homeownership Mortgage RB Series 1998A 2.25%, 04/03/08 (a)(b)(c)(d) 9,900 9,900 Homeownership Mortgage RB Series 2000A 2.25%, 04/03/08 (a)(b)(c)(d) 815 815 PUERTO RICO INFRASTRUCTURE FINANCING AUTH Special Obligation Bonds Series 2000A 2.20%, 04/03/08 (a)(c)(d) 28,900 28,900 PUERTO RICO MUNICIPAL FINANCE AGENCY Bonds Series 1999A 2.24%, 04/03/08 (a)(b)(c)(d) 9,870 9,870 PUERTO RICO PUBLIC BUILDINGS AUTH Government Facilities Refunding RB Series M3 2.80%, 04/03/08 (a)(b)(c) 75,450 75,450 -------------- 340,235 -------------- TOTAL MUNICIPAL SECURITIES (COST $10,495,349) 10,495,349 --------------
END OF INVESTMENTS. At 03/31/08, the tax basis cost of the fund's investments was $10,495,349. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $4,324,507 or 39.4% of net assets. 16 SCHWAB CALIFORNIA MUNICIPAL MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued ACES - Adjustable convertible extendable security BAN - Bond anticipation note COP - Certificate of participation GO - General obligation HFA - Housing finance agency IDA - Industrial development authority IDRB - Industrial development revenue bond RAN - Revenue anticipation note RB - Revenue bond SD - School district TECP - Tax-exempt commercial paper TRAN - Tax and revenue anticipation note USD - Unified school district Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN ASSET VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $ 10,495,349 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $ 10,495,349
17 The Charles Schwab Family of Funds Schwab California AMT Tax-Free Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. 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 and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 91.5% MUNICIPAL SECURITIES 469,822 469,822 - -------------------------------------------------------------------------------- 91.5% TOTAL INVESTMENTS 469,822 469,822 8.5% OTHER ASSETS AND LIABILITIES 43,899 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 513,721
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) MUNICIPAL SECURITIES 91.5% OF NET ASSETS CALIFORNIA 86.6% - -------------------------------------------------------------------------------- AFFORDABLE HOUSING AGENCY M/F Housing RB (Westridge at Hilltop Apts) Series 2003A 1.94%, 04/03/08 (a)(b) 4,770 4,770 ANAHEIM REDEVELOPMENT AGENCY Tax Allocation Refunding Bonds (Anaheim Merged Redevelopment Project Area) Series 2007A 2.29%, 04/03/08 (a)(b)(c)(d) 2,485 2,485 ASSOCIATION OF BAY AREA GOVERNMENTS COP (The Harker School) Series 2007 1.70%, 04/02/08 (a)(b) 990 990 RB (Air Force Village West Inc) Series 2005 2.20%, 04/03/08 (a)(b) 600 600 BAY AREA TOLL AUTH San Francisco Bay Area Toll Bridge RB Series 2006F 2.22%, 04/03/08 (a)(c)(d) 2,900 2,900 CALIFORNIA Economic Recovery Bonds Series 2004A 2.08%, 04/02/08 (a)(c)(d) 1,500 1,500 Economic Recovery Bonds Series 2004C1 1.10%, 04/02/08 (a)(c) 1,200 1,200 Economic Recovery Bonds Series 2004C5 0.78%, 04/02/08 (a)(c) 2,100 2,100 GO Bonds 2.21%, 04/03/08 (a)(b)(c)(d) 1,400 1,400 GO Bonds Series 2003C4 1.86%, 04/03/08 (a)(b) 2,400 2,400 GO Bonds Series 2004A1 0.75%, 04/02/08 (a)(b) 600 600 GO Bonds Series 2004A10 1.50%, 04/03/08 (a)(b) 800 800 GO Bonds Series 2005B7 0.75%, 04/02/08 (a)(b) 500 500 GO CP Notes 1.20%, 04/03/08 (c) 8,500 8,500 1.55%, 05/02/08 (c) 16,000 16,000 0.75%, 05/08/08 (c) 12,000 12,000 2.08%, 06/03/08 (c) 10,000 10,000 1.55%, 06/10/08 (c) 8,000 8,000 GO Refunding Bonds Series 2007A 2.24%, 04/03/08 (a)(b)(c)(d) 3,133 3,133 RAN 0.80%, 06/30/08 10,150 10,230 1.68%, 06/30/08 2,000 2,011 2.87%, 06/30/08 1,500 1,504 3.29%, 06/30/08 2,500 2,504 Various Purpose GO Bonds 2.29%, 04/03/08 (a)(b)(c)(d) 3,960 3,960 4.75%, 04/03/08 (a)(b)(c)(d) 500 500 CALIFORNIA DEPT OF WATER RESOURCES Power Supply RB Series 2002B1 0.75%, 04/02/08 (a)(b) 750 750 Power Supply RB Series 2002B2 0.90%, 04/02/08 (a)(b) 5,900 5,900 Power Supply RB Series 2002B6 0.84%, 04/02/08 (a)(b) 4,500 4,500 Power Supply RB Series 2002C1 1.72%, 04/03/08 (a)(b) 700 700 Power Supply RB Series 2002C11 1.95%, 04/03/08 (a)(b) 3,165 3,165 Power Supply RB Series 2002C13 1.91%, 04/03/08 (a)(b)(c) 9,515 9,515 Power Supply RB Series 2002C4 1.98%, 04/03/08 (a)(b) 1,000 1,000 Power Supply RB Series 2005F2 0.75%, 04/02/08 (a)(b) 3,000 3,000 Power Supply RB Series 2005F4 0.75%, 04/02/08 (a)(b) 200 200 Power Supply RB Series 2005F5 0.90%, 04/02/08 (a)(b) 6,500 6,500 Power Supply RB Series 2005G8 3.00%, 04/03/08 (a)(b)(c) 8,000 8,000 Power Supply RB Series 2008H 2.29%, 04/03/08 (a)(b)(c)(d) 1,700 1,700 CALIFORNIA EDUCATIONAL FACILITIES AUTH RB (Chapman Univ) Series 2000 1.95%, 04/02/08 (a)(b) 3,100 3,100 RB (Univ of Judaism) Series 1998A 2.21%, 04/03/08 (a)(b) 4,800 4,800 CALIFORNIA HEALTH FACILITIES FINANCING AUTH Health Facility RB (Catholic Healthcare West) Series 2004J 1.92%, 04/02/08 (a)(b) 500 500
1 SCHWAB CALIFORNIA AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Hospital RB (Adventist Health System/West) Series 1998A 1.65%, 04/02/08 (a)(b)(c) 4,700 4,700 RB (Kaiser Permanente) Series 2006C 1.96%, 04/02/08 (a) 6,000 6,000 RB (Sutter Health) Series 2007A 2.08%, 04/02/08 (a)(c)(d) 1,500 1,500 CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK Insured RB (Rand Corp) Series 2002B 1.15%, 04/02/08 (a)(b)(c) 6,000 6,000 RB (Asian Art Museum Foundation of SF) Series 2005 1.95%, 04/02/08 (a)(b)(c) 2,300 2,300 RB (California Independent System Operator Corp) Series 2000A 2.40%, 04/02/08 (a)(b)(c) 1,800 1,800 RB (SRI International) Series 2003A 1.80%, 04/03/08 (a)(b) 1,500 1,500 RB (J. Paul Getty Trust) Series 2003B 0.65%, 04/02/08 (a) 1,000 1,000 Refunding RB (J. Paul Getty Trust) Series 2007A1 1.70%, 04/01/09 3,600 3,600 CALIFORNIA POLLUTION CONTROL FINANCING AUTH Refunding RB (Pacific Gas & Electric Co) Series 1996E 0.75%, 04/02/08 (a)(b) 1,800 1,800 Refunding RB (Pacific Gas & Electric Co) Series 1996C 0.75%, 04/02/08 (a)(b) 600 600 CALIFORNIA STATE UNIV RB Series 2007A 2.18%, 04/03/08 (a)(b)(c)(d) 2,175 2,175 TECP Series A 2.10%, 06/02/08 (b) 3,991 3,991 CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTH RB (Jewish Federation Council of Greater Los Angeles) Series 2000A 2.21%, 04/03/08 (a)(b) 1,600 1,600 RB (Kaiser Permanente) Series 2004H 2.63%, 05/01/08 5,000 5,019 RB (Kaiser Permanente) Series 2004M 1.96%, 04/02/08 (a) 750 750 RB (Kaiser Permanente) Series 2006D 2.00%, 06/10/08 5,000 5,000 RB (National Public Radio) Series 2002 2.08%, 04/02/08 (a)(b) 1,285 1,285 TRAN Program Note Participations Series 2007A3 3.18%, 06/30/08 7,000 7,021 CHINO BASIN REGIONAL FINANCING AUTH RB (Inland Empire Utilities Agency) Series 2008A 2.27%, 04/03/08 (a)(b)(c)(d) 2,720 2,720 DIAMOND BAR PUBLIC FINANCING AUTH Lease RB (Community/Sr Center) Series 2002A 2.25%, 04/02/08 (a)(b) 1,500 1,500 EAST BAY MUNICIPAL UTILITY DISTRICT Wastewater System Subordinated Refunding RB Series 2008A 1.90%, 04/02/08 (a)(c) 7,000 7,000 Wastewater System Subordinated Refunding RB Series 2008C 1.75%, 04/03/08 (a)(c) 8,150 8,150 Water System & Wastewater TECP 1.80%, 06/05/08 (c) 4,000 4,000 EASTERN MUNICIPAL WATER DISTRICT Water & Sewer Revenue COP Series 2008B 1.95%, 04/02/08 (a)(c) 10,600 10,600 GOLDEN STATE TOBACCO SECURITIZATION CORP Tobacco Settlement Asset- Backed Bonds Series 2003A1 2.28%, 04/02/08 (a)(c)(d) 1,395 1,395 HAYWARD M/F Housing RB (Shorewood Apts) Series 1984A 2.05%, 04/03/08 (a)(b) 1,200 1,200 IRVINE Lease RB (Capital Improvement) Series 1985 1.85%, 04/03/08 (a)(b) 700 700 IRVINE ASSESSMENT DISTRICT Limited Obligation Improvement Bonds (Assessment District No. 00-18) Series 18 0.84%, 04/02/08 (a)(b) 1,200 1,200 Limited Obligation Improvement Bonds (Assessment District No.03-19) Series B 0.80%, 04/02/08 (a)(b) 2,279 2,279 IRVINE RANCH WATER DISTRICT Sewer Bonds Election 1988 (Improvement District No. 282) Series A 0.75%, 04/02/08 (a)(b) 400 400 IRWINDALE COMMUNITY REDEVELOPMENT AGENCY Tax Allocation Refunding Parity Bonds (City Industrial Development) Series 2006 2.20%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 LODI Electric System Revenue COP Series 2002A 2.75%, 04/02/08 (a)(b)(c) 260 260 LOMA LINDA RB (Loma Linda Univ Medical Center) Series 2007B1 1.60%, 04/03/08 (a)(b) 8,800 8,800 RB (Loma Linda Univ Medical Center) Series 2007B2 1.60%, 04/03/08 (a)(b) 2,000 2,000
2 SCHWAB CALIFORNIA AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) LOS ANGELES GO Refunding Bonds Series 1998A 2.28%, 04/03/08 (a)(b)(c)(d) 2,000 2,000 TRAN 2007 1.95%, 06/30/08 1,650 1,660 3.18%, 06/30/08 5,000 5,015 Wastewater System Refunding RB Series 2002A 4.00%, 04/03/08 (a)(b)(c)(d) 800 800 LOS ANGELES CNTY 2007-08 TRAN 3.18%, 06/30/08 9,000 9,028 LOS ANGELES CNTY METROPOLITAN TRANSPORTATION AUTH Prop C Second Tier Sr Sales Tax Refunding RB Series 1993A 3.25%, 04/03/08 (a)(b)(c) 2,000 2,000 Second Subordinate Sales Tax Revenue CP Series A 1.45%, 07/07/08 (b) 3,000 3,000 LOS ANGELES DEPT OF AIRPORTS CP Notes (Los Angeles International Airport) Series A&B 1.85%, 06/10/08 (b) 6,000 6,000 LOS ANGELES DEPT OF WATER & POWER Power System RB Series 2001B1 1.75%, 04/03/08 (a)(c) 1,000 1,000 Power System RB Series 2001B2 1.60%, 04/03/08 (a)(c) 1,550 1,550 Power System RB Series 2007A1 2.71%, 04/03/08 (a)(b)(c)(d) 215 215 LOS ANGELES USD GO Bonds (Election of 2002) Series 2005C&E 2.29%, 04/03/08 (a)(b)(c)(d) 6,990 6,990 GO Refunding Bonds Series 2007A1 2.21%, 04/03/08 (a)(b)(c)(d) 3,235 3,235 TRAN Series A 3.18%, 12/29/08 2,000 2,012 NORTHERN CALIFORNIA GAS AUTH Gas Project RB Series 2007B 2.22%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 ORANGE CNTY SANITATION DISTRICT COP Series 2007B 2.25%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 Refunding COP (Nos. 1-3, 5-7, & 11) Series 1993 1.85%, 04/02/08 (a)(b)(c) 6,000 6,000 Refunding COP Series 2000A 0.85%, 04/02/08 (a)(c) 1,000 1,000 Refunding COP Series 2000B 0.85%, 04/02/08 (a)(c) 1,000 1,000 PERALTA COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2006) Series 2007B 2.25%, 04/03/08 (a)(b)(c)(d) 4,000 4,000 PLACER CNTY WATER AGENCY Second Sr Water Revenue COP Series 2007 2.20%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 ROWLAND USD GO Bonds (Election of 2006) Series A 2.27%, 04/03/08 (a)(b)(c)(d) 2,800 2,800 SACRAMENTO MUNICIPAL UTILITY DISTRICT CP Series J 1.80%, 06/06/08 (b) 6,500 6,500 SAN BERNARDINO COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2002) Series C 2.20%, 04/03/08 (a)(b)(c)(d) 4,080 4,080 SAN DIEGO CNTY WATER AUTH CP Series 2 0.90%, 05/07/08 (c) 7,000 7,000 SAN DIEGO PUBLIC FACILITIES FINANCING AUTH Subordinate Sewer Revenue Notes Series 207 2.25%, 04/03/08 (a)(b)(c)(d) 10,500 10,500 SAN DIEGO USD GO Refunding Bonds (Election of 1998) Series 2006 F1 & G1 2.20%, 04/03/08 (a)(b)(c)(d) 2,000 2,000 2.20%, 04/03/08 (a)(b)(c)(d) 1,000 1,000 SAN FRANCISCO PUBLIC UTILITIES COMMISSION Water Refunding RB Series 2006A 2.17%, 04/03/08 (a)(b)(c)(d) 8,155 8,155 SAN MATEO CNTY COMMUNITY COLLEGE DISTRICT GO Bonds (Election of 2005) Series 2006B 2.18%, 04/03/08 (a)(b)(c)(d) 1,133 1,133 2.24%, 04/03/08 (a)(b)(c)(d) 16,200 16,200 SEQUOIA UNION HIGH SD GO Bonds (Election of 2004) Series 2005B 2.29%, 04/03/08 (a)(b)(c)(d) 1,500 1,500 SOUTHERN CALIFORNIA METROPOLITAN WATER DISTRICT RB (2006 Authorization) Series A 2.13%, 04/03/08 (a)(c)(d) 4,000 4,000 RB Series 1997B 1.75%, 04/03/08 (a)(c) 5,300 5,300 RB Series 2000B3 0.77%, 04/02/08 (a)(c) 1,700 1,700 RB Series 2005B1 1.85%, 04/03/08 (a)(c) 2,075 2,075 SOUTHERN CALIFORNIA PUBLIC POWER AUTH Subordinate Refunding RB Series 1991 2.00%, 04/02/08 (a)(b) 3,600 3,600
3 SCHWAB CALIFORNIA AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) UNIV OF CALIFORNIA CP Notes Series A 1.85%, 06/04/08 6,000 6,000 General RB Series 2005F 2.18%, 04/03/08 (a)(b)(c)(d) 1,512 1,512 General RB Series 2008L 2.29%, 04/03/08 (a)(c)(d) 1,695 1,695 GO Bonds Series J 2.18%, 04/03/08 (a)(b)(c)(d) 3,435 3,435 Limited Project RB Series 2005B 2.00%, 04/02/08 (a)(b)(c)(d) 2,400 2,400 Medical Center Pooled RB Series 2007B1 0.85%, 04/02/08 (a)(c) 800 800 VERNON NATURAL GAS FINANCING AUTH RB (Vernon Gas) Series 2006B 3.00%, 04/02/08 (a)(b)(c) 4,100 4,100 RB (Vernon Gas) Series 2006C 3.00%, 04/02/08 (a)(b)(c) 3,835 3,835 VICTOR VALLEY COMMUNITY COLLEGE DISTRICT COP Series 1997 2.10%, 04/03/08 (a)(b) 5,000 5,000 WEST CONTRA COSTA USD GO Bonds (Election of 2002) Series C 2.20%, 04/03/08 (a)(b)(c)(d) 7,000 7,000 -------------- 444,587 PUERTO RICO 4.9% - -------------------------------------------------------------------------------- PUERTO RICO GO Public Improvement Refunding Bonds Series 2007A4 0.85%, 04/02/08 (a)(b)(c) 3,375 3,375 Public Improvement Bonds Series 2001A 2.17%, 04/03/08 (a)(b)(c)(d) 3,000 3,000 PUERTO RICO HIGHWAY & TRANSPORTATION AUTH Transportation Refunding RB Series 2005L 4.00%, 04/03/08 (a)(b)(c)(d) 17,000 17,000 PUERTO RICO HOUSING FINANCE CORP Homeownership Mortgage RB Series 2000A 2.25%, 04/03/08 (a)(b)(c)(d) 1,860 1,860 -------------- 25,235 -------------- TOTAL MUNICIPAL SECURITIES (COST $469,822) 469,822 --------------
END OF INVESTMENTS. At 03/31/08, the tax basis cost of the fund's investments was $469,822. (a) Variable-rate security. (b) Credit-enhanced security. (c) Liquidity-enhanced security. (d) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $142,878 or 27.8% of net assets. COP - Certificate of participation GO - General obligation M/F - Multi-family RAN - Revenue anticipation note RB - Revenue bond SD - School district TECP - Tax-exempt commercial paper TRAN - Tax and revenue anticipation note USD - Unified school district Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value: 4 SCHWAB CALIFORNIA AMT TAX-FREE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $469,822 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $469,822
5 The Charles Schwab Family of Funds Schwab Retirement Advantage Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 81.0% FIXED-RATE OBLIGATIONS 700,301 700,301 9.4% VARIABLE-RATE OBLIGATIONS 80,796 80,796 11.7% OTHER INVESTMENTS 101,072 101,072 - -------------------------------------------------------------------------------- 102.1% TOTAL INVESTMENTS 882,169 882,169 (2.1)% OTHER ASSETS AND LIABILITIES (17,772) - -------------------------------------------------------------------------------- 100.0% NET ASSETS 864,397
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FIXED-RATE OBLIGATIONS 81.0% OF NET ASSETS BANK NOTES 1.7% - -------------------------------------------------------------------------------- BANK OF AMERICA, N.A. 4.75%, 04/11/08 6,000 6,000 2.95%, 07/18/08 9,000 9,000 -------------- 15,000 CERTIFICATES OF DEPOSIT 38.3% - -------------------------------------------------------------------------------- ABN AMRO BANK N.V. 3.04%, 07/25/08 5,000 5,000 ALLIED IRISH BANK PLC 3.11%, 06/30/08 2,000 2,000 AUSTRALIA & NEW ZEALAND BANKING GROUP LTD. 2.97%, 06/16/08 7,000 7,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 3.10%, 06/30/08 6,000 6,000 BANCO SANTANDER S.A. 3.10%, 06/23/08 1,000 1,002 4.25%, 07/10/08 12,000 12,000 BANK OF IRELAND 3.79%, 05/20/08 4,000 4,000 BANK OF NOVA SCOTIA 3.19%, 05/29/08 10,000 10,001 BANK OF SCOTLAND PLC 3.10%, 10/22/08 1,000 1,002 BANK OF THE WEST 3.25%, 04/24/08 1,000 1,000 BANK OF TOKYO MITSUBISHI UFJ LTD. 4.43%, 05/08/08 8,000 8,000 BARCLAYS BANK PLC 5.34%, 04/03/08 2,000 2,000 5.11%, 05/06/08 8,000 8,000 3.05%, 06/09/08 1,000 1,000 2.75%, 09/10/08 3,000 3,000 2.85%, 03/10/09 10,000 10,000 BNP PARIBAS 4.75%, 06/19/08 16,000 16,000 2.65%, 06/26/08 11,000 11,000 CALYON 3.10%, 06/16/08 1,000 1,002 2.99%, 07/22/08 9,000 9,000 CANADIAN IMPERIAL BANK OF COMMERCE 5.76%, 05/12/08 1,000 1,000 CITIBANK, N.A. 2.73%, 08/13/08 8,000 8,000 2.40%, 08/19/08 15,000 15,000 2.94%, 09/03/08 3,000 3,000 COMMERZBANK AG 4.24%, 04/23/08 2,000 2,000 CREDIT AGRICOLE S.A. 4.83%, 04/02/08 7,000 7,000 3.00%, 08/22/08 4,000 4,000 FORTIS BANK 2.40%, 09/22/08 3,000 3,000 HSBC BANK PLC 4.76%, 05/09/08 5,000 5,000 3.10%, 07/31/08 2,000 2,000 ING BANK N.V. 2.99%, 06/05/08 1,000 1,000 4.56%, 07/09/08 16,000 16,000 INTESA SANPAOLO 3.13%, 06/02/08 4,000 4,000 2.82%, 07/01/08 13,000 13,000 LLOYDS TSB BANK PLC 3.10%, 06/30/08 7,000 7,000 MIZUHO CORPORATE BANK LTD. 3.85%, 04/23/08 1,000 1,000 3.25%, 04/24/08 12,000 12,000 NORDEA BANK FINLAND PLC 2.52%, 12/18/08 8,000 8,000 ROYAL BANK OF SCOTLAND PLC 4.83%, 06/18/08 3,000 3,000 SKANDINAVISKA ENSKILDA BANKEN AB 4.90%, 05/23/08 1,000 1,000 SOCIETE GENERALE 3.93%, 04/17/08 4,000 4,000 4.81%, 06/24/08 2,000 2,000 4.60%, 07/08/08 5,000 5,000 SUMITOMO MITSUI BANKING CORP. 3.13%, 04/08/08 5,000 5,000 3.12%, 04/11/08 8,000 8,000
1 SCHWAB RETIREMENT ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SUMITOMO TRUST & BANKING CO. 3.87%, 05/15/08 4,000 4,000 4.36%, 07/08/08 5,000 5,000 SVENSKA HANDELSBANKEN AB 3.03%, 05/05/08 7,000 7,000 SWEDBANK AB 3.07%, 07/25/08 1,000 1,000 TORONTO DOMINION BANK 4.70%, 05/13/08 10,000 10,000 UBS AG 4.27%, 06/09/08 3,000 3,000 3.02%, 06/11/08 9,000 9,000 3.08%, 07/11/08 1,000 1,002 UNICREDITO ITALIANO S.P.A. 4.80%, 06/27/08 1,000 1,000 2.70%, 07/29/08 9,000 9,000 2.74%, 08/11/08 1,000 1,000 UNION BANK OF CALIFORNIA 4.45%, 06/18/08 1,000 1,000 2.71%, 09/10/08 2,000 2,000 WESTPAC BANKING CORP. 3.10%, 05/06/08 9,000 9,000 2.98%, 08/27/08 5,000 5,000 WILMINGTON TRUST CO. 4.90%, 06/19/08 5,000 5,000 -------------- 331,009 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 29.3% - -------------------------------------------------------------------------------- ALLIED IRISH BANKS NORTH AMERICA, INC. 4.79%, 04/07/08 (a) 3,000 2,998 ALPINE SECURITZATION CORP. 3.10%, 04/02/08 (a)(b)(c) 2,000 2,000 2.82%, 04/03/08 (a)(b)(c) 5,000 4,999 AMSTEL FUNDING CORP. 2.89%, 06/13/08 (b)(c) 4,000 3,977 ATLANTIS ONE FUNDING CORP. 3.20%, 05/27/08 (b)(c) 2,000 1,990 3.18%, 05/28/08 (b)(c) 5,000 4,975 2.83%, 06/25/08 (b)(c) 4,000 3,973 BANK OF AMERICA CORP. 4.70%, 05/05/08 3,000 2,987 3.00%, 05/29/08 2,000 1,990 3.01%, 05/29/08 7,000 6,966 2.51%, 09/23/08 15,000 14,819 BANK OF IRELAND 2.91%, 07/08/08 (c) 1,000 992 3.07%, 07/24/08 (c) 1,000 990 BANK OF SCOTLAND PLC 3.26%, 05/29/08 1,000 995 CANCARA ASSET SECURITIZATION, L.L.C. 3.94%, 04/17/08 (a)(b)(c) 1,000 998 2.82%, 06/17/08 (a)(b)(c) 9,000 8,946 CITIGROUP FUNDING, INC. 4.94%, 06/06/08 (a) 1,000 991 4.30%, 06/10/08 (a) 1,000 992 3.01%, 07/08/08 (a) 1,000 992 3.06%, 07/16/08 (a) 10,000 9,911 DNB NOR BANK ASA 3.10%, 06/30/08 5,000 4,962 FAIRWAY FINANCE CO., L.L.C. 3.28%, 04/24/08 (a)(b)(c) 3,000 2,994 FALCON ASSET SECURITIZATION CORP. 3.30%, 04/22/08 (a)(b)(c) 3,000 2,994 3.53%, 04/23/08 (a)(b)(c) 10,000 9,979 GEMINI SECURITIZATION CORP., L.L.C. 3.31%, 04/02/08 (a)(b)(c) 3,000 3,000 3.08%, 04/10/08 (a)(b)(c) 2,000 1,998 3.89%, 04/21/08 (a)(b)(c) 4,000 3,991 3.06%, 05/02/08 (a)(b)(c) 2,000 1,995 GENERAL ELECTRIC CAPITAL CORP. 2.22%, 08/15/08 19,000 18,842 2.20%, 09/16/08 3,000 2,970 GENERAL ELECTRIC CAPITAL SERVICES 2.25%, 08/14/08 7,000 6,941 GRAMPIAN FUNDING, L.L.C. 3.89%, 04/17/08 (a)(b)(c) 5,000 4,991 JUPITER SECURITIZATION CORP. 3.00%, 04/17/08 (a)(b)(c) 11,000 10,985 K2 (USA), L.L.C. 5.40%, 06/13/08 (b)(c)(d) 1,000 1,000 KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD. 3.02%, 08/13/08 (a)(c) 1,000 989 MORGAN STANLEY 5.20%, 04/14/08 16,000 15,971 NATIONWIDE BUILDING SOCIETY 3.16%, 06/25/08 1,000 993 3.07%, 07/29/08 7,000 6,930 OLD LINE FUNDING, L.L.C. 3.21%, 05/22/08 (a)(b)(c) 4,000 3,982 PICAROS FUNDING, L.L.C. 3.08%, 07/21/08 (a)(b)(c) 4,000 3,963 ROYAL BANK OF SCOTLAND GROUP PLC 2.73%, 09/10/08 1,000 988 SCALDIS CAPITAL LTD. 5.21%, 04/01/08 (a)(b)(c) 6,000 6,000 3.38%, 04/25/08 (a)(b)(c) 2,000 1,996 3.21%, 06/25/08 (a)(b)(c) 3,000 2,977 SHEFFIELD RECEIVABLES CORP. 3.31%, 04/11/08 (a)(b)(c) 3,000 2,997 3.07%, 04/22/08 (a)(b)(c) 8,000 7,986 SKANDINAVISKA ENSKILDA BANKEN AB 2.72%, 06/17/08 4,000 3,977 SOLITAIRE FUNDING, L.L.C. 3.18%, 05/20/08 (a)(b)(c) 2,000 1,991 3.18%, 06/23/08 (a)(b)(c) 2,000 1,985 3.10%, 07/07/08 (a)(b)(c) 5,000 4,959 STADSHYPOTEK DELAWARE, INC. 3.12%, 05/06/08 (a)(c) 4,000 3,988 THAMES ASSET GLOBAL SECURTISATION NO. 1, INC. 5.33%, 04/04/08 (a)(b)(c) 8,000 7,997 THE GOLDMAN SACHS GROUP, INC. 3.97%, 05/16/08 4,000 3,980 UBS FINANCE (DELAWARE), INC. 3.75%, 06/17/08 (a) 1,000 992
2 SCHWAB RETIREMENT ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) UNICREDIT BANK (IRELAND) PLC 4.63%, 07/03/08 (a)(c) 2,000 1,977 VARIABLE FUNDING CAPITAL CORP. 2.91%, 04/30/08 (a)(b)(c) 7,000 6,984 WHISTLEJACKET CAPITAL, L.L.C. 2.78%, 04/15/08 (b)(c)(d)(e) 2,000 2,000 3.03%, 05/19/08 (b)(c)(d)(e) 1,000 1,000 -------------- 252,725 FIXED-RATE COUPON NOTES 0.1% - -------------------------------------------------------------------------------- FANNIE MAE 2.70%, 05/15/08 1,000 1,004 FIXED-RATE DISCOUNT NOTES 11.6% - -------------------------------------------------------------------------------- FANNIE MAE 2.96%, 04/09/08 10,000 9,993 2.96%, 04/23/08 10,000 9,982 2.73%, 05/14/08 4,000 3,987 FEDERAL FARM CREDIT BANK 2.30%, 04/07/08 3,000 2,999 2.45%, 05/27/08 2,000 1,992 FEDERAL HOME LOAN BANK 2.71%, 04/02/08 2,000 2,000 1.76%, 04/17/08 4,000 3,997 2.10%, 04/18/08 7,000 6,993 2.96%, 04/25/08 7,000 6,986 2.69%, 05/07/08 3,000 2,992 2.03%, 05/23/08 6,000 5,983 2.13%, 06/25/08 7,000 6,965 FREDDIE MAC 2.96%, 04/21/08 10,000 9,984 2.54%, 04/29/08 2,000 1,996 2.74%, 04/30/08 4,800 4,789 2.09%, 05/05/08 1,000 998 2.46%, 05/16/08 5,000 4,985 2.82%, 05/27/08 9,000 8,961 2.11%, 06/23/08 4,000 3,981 -------------- 100,563 -------------- TOTAL FIXED-RATE OBLIGATIONS (COST $700,301) 700,301 -------------- VARIABLE-RATE OBLIGATIONS 9.4% OF NET ASSETS ABBEY NATIONAL TREASURY SERVICES PLC 4.68%, 04/02/08 (a) 3,000 3,001 ANZ NATIONAL (INT'L) LTD. 3.31%, 05/27/08 (a) 4,000 4,000 BMC SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF MONTGOMERY, ALABAMA 2.93%, 04/03/08 (a) 1,660 1,660 CITY OF PALM SPRINGS, CALIFORNIA 2.68%, 04/03/08 (a) 8,000 8,000 CREDIT SUISSE 3.85%, 04/23/08 9,000 9,000 DEUTSCHE BANK AG 2.98%, 04/14/08 5,000 5,000 FORTIS BANK 2.62%, 04/28/08 5,000 5,000 K2 (USA), L.L.C. 3.27%, 05/01/08 (b)(c)(d) 5,000 5,000 LIBERTY LIGHTHOUSE U.S. CAPITAL CO., L.L.C. 4.47%, 04/10/08 (b)(c)(d) 2,000 2,000 3.03%, 05/15/08 (b)(c)(d) 1,000 1,000 LINKS FINANCE, L.L.C. 2.57%, 04/25/08 (b)(c)(d) 4,000 4,000 NEW YORK CITY IDA 2.73%, 04/03/08 (a) 135 135 ROYAL BANK OF CANADA 3.06%, 04/04/08 10,000 10,000 ROYAL BANK OF SCOTLAND PLC 4.66%, 04/08/08 10,000 10,000 4.45%, 04/11/08 (c) 3,000 3,000 WACHOVIA BANK, N.A. 3.40%, 04/25/08 10,000 10,000 -------------- TOTAL VARIABLE-RATE OBLIGATIONS (COST $80,796) 80,796 --------------
MATURITY ISSUER AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) OTHER INVESTMENTS 11.7% OF NET ASSETS REPURCHASE AGREEMENTS 11.7% - -------------------------------------------------------------------------------- CREDIT SUISSE SECURITIES (USA), L.L.C. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $1,098. 1,072 1,072 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $102,002. 100,007 100,000 -------------- TOTAL OTHER INVESTMENTS (COST $101,072) 101,072 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $882,169. (a) Credit-enhanced security. (b) Asset-backed security. 3 SCHWAB RETIREMENT ADVANTAGE MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued (c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $156,538 or 18.1% of net assets. (d) Illiquid security. At the period end, the value of these amounted to $16,000 or 1.9 % of net assets. (e) Security is in default. This security is currently in the process of being restructured. On February 11, 2008, Whistlejacket Capital LLC (Whistlejacket), a structured investment vehicle ("SIV"), experienced an "enforcement event" that has led to the appointment of a Receiver to manage Whistlejacket's operations. On February 12, 2008, two nationally recognized statistical rating organizations downgraded the ratings of the medium term notes (Notes) issued by Whistlejacket, including the Notes held by the fund. As a result of the downgrade, the Notes are no longer money fund eligible pursuant to Rule 2a-7 of the 1940 Act. As required under Rule 2a-7, the Board of Trustees of the fund met on February 12, 2008 and, based on the recommendation of the fund's investment adviser, determined that it was not in the best interest of the fund to dispose of the Notes at that time. On February 15, 2008, the Security Trustee of Whistlejacket notified the Fund that an insolvency acceleration event had occurred and as a result the Notes were in default. IDA - Industrial development authority - -------------------------------------------------------------------------------- Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $882,169 Level 3 - Significant Unobservable Iuputs $ 0 TOTAL $882,169
4 The Charles Schwab Family of Funds Schwab Investor Money Fund(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 82.9% FIXED-RATE OBLIGATIONS 2,034,885 2,034,885 7.6% VARIABLE-RATE OBLIGATIONS 187,175 187,175 10.5% OTHER INVESTMENTS 258,533 258,533 - -------------------------------------------------------------------------------- 101.0% TOTAL INVESTMENTS 2,480,593 2,480,593 (1.0)% OTHER ASSETS AND LIABILITIES (25,083) - -------------------------------------------------------------------------------- 100.0% NET ASSETS 2,455,510
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FIXED-RATE OBLIGATIONS 82.9% OF NET ASSETS BANK NOTES 1.3% - -------------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.95%, 07/18/08 10,000 10,000 2.51%, 09/23/08 22,000 22,000 -------------- 32,000 CERTIFICATES OF DEPOSIT 38.4% - -------------------------------------------------------------------------------- ABN AMRO BANK N.V. 3.07%, 05/08/08 10,000 10,000 3.01%, 06/23/08 4,000 4,000 3.04%, 07/25/08 4,000 4,000 2.85%, 09/08/08 10,000 10,000 ALLIANCE & LEICESTER PLC 5.32%, 04/18/08 6,000 6,000 ALLIED IRISH BANK PLC 4.73%, 04/28/08 5,000 5,000 4.80%, 04/28/08 2,000 2,000 3.11%, 06/30/08 2,000 2,000 AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 2.97%, 06/16/08 14,000 14,000 3.22%, 06/30/08 20,000 20,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 4.50%, 04/08/08 19,000 19,000 2.97%, 06/16/08 5,000 5,000 2.94%, 08/26/08 7,000 7,000 BANCO SANTANDER S.A. 3.10%, 06/23/08 3,000 3,005 4.25%, 07/10/08 30,000 30,000 BANK OF IRELAND 3.79%, 05/20/08 10,000 10,000 BANK OF MONTREAL 3.10%, 07/29/08 4,000 4,000 BANK OF NOVA SCOTIA 3.19%, 05/29/08 10,000 10,001 BANK OF SCOTLAND PLC 4.50%, 04/08/08 13,000 13,000 3.10%, 10/22/08 1,000 1,002 BANK OF THE WEST 3.25%, 04/24/08 3,000 3,000 3.23%, 07/02/08 1,000 1,000 BANK OF TOKYO MITSUBISHI UFJ LTD. 3.17%, 04/10/08 13,000 13,000 4.43%, 05/08/08 11,000 11,000 2.99%, 06/16/08 1,000 1,000 BARCLAYS BANK PLC 4.87%, 04/09/08 3,000 3,000 5.16%, 04/09/08 4,000 4,000 5.07%, 04/17/08 7,000 7,000 3.05%, 06/09/08 4,000 4,000 3.70%, 07/22/08 7,000 7,000 2.45%, 08/18/08 11,000 11,000 2.68%, 09/15/08 16,000 16,000 2.85%, 03/10/09 15,000 15,000 BNP PARIBAS 4.19%, 05/14/08 7,000 7,000 4.64%, 05/30/08 7,000 7,000 3.00%, 06/05/08 1,000 1,000 4.80%, 06/25/08 10,000 10,000 2.65%, 06/26/08 50,000 50,000 CALYON 3.10%, 06/16/08 5,000 5,009 2.95%, 07/18/08 15,000 15,000 2.99%, 07/22/08 5,000 5,000 CITIBANK, N.A. 3.40%, 04/18/08 20,000 20,004 3.00%, 04/28/08 10,000 10,000 2.97%, 06/05/08 22,000 22,000 2.73%, 08/13/08 18,000 18,000 2.94%, 09/03/08 15,000 15,000 COMMERZBANK AG 4.54%, 04/03/08 1,000 1,000 4.33%, 04/23/08 7,000 7,000 COMMONWEALTH BANK OF AUSTRALIA 3.16%, 04/07/08 10,000 10,000 CREDIT AGRICOLE S.A. 4.83%, 04/02/08 1,000 1,000 3.11%, 07/01/08 25,000 25,000 3.70%, 07/22/08 4,000 4,001 3.00%, 08/22/08 4,000 4,000 CREDIT SUISSE 4.23%, 07/08/08 15,000 15,000
1 SCHWAB INVESTOR MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FORTIS BANK 2.40%, 09/22/08 24,000 24,000 HSBC BANK PLC 3.07%, 07/28/08 17,000 17,000 3.10%, 07/31/08 1,000 1,000 ING BANK N.V. 4.56%, 07/09/08 11,000 11,000 3.06%, 07/30/08 20,000 20,000 2.73%, 09/17/08 9,000 9,000 INTESA SANPAOLO 4.17%, 05/14/08 28,000 28,000 4.46%, 06/30/08 3,000 3,000 2.82%, 07/01/08 20,000 20,000 LLOYDS TSB BANK PLC 3.10%, 06/30/08 5,000 5,000 MITSUBISHI UFJ TRUST & BANKING CORP. 4.21%, 05/14/08 1,000 1,000 MIZUHO CORPORATE BANK LTD. 3.12%, 04/15/08 15,000 15,000 3.85%, 04/23/08 5,000 5,000 3.25%, 04/24/08 14,000 14,000 NATIONWIDE BUILDING SOCIETY 5.32%, 05/13/08 4,000 4,000 NORDEA BANK FINLAND PLC 2.52%, 12/18/08 20,000 20,000 ROYAL BANK OF SCOTLAND PLC 4.83%, 06/18/08 14,000 14,000 SKANDINAVISKA ENSKILDA BANKEN AB 4.90%, 05/23/08 12,000 12,000 3.00%, 08/26/08 3,000 3,000 SOCIETE GENERALE 3.93%, 04/17/08 3,000 3,000 4.80%, 06/10/08 1,000 1,000 4.81%, 06/24/08 11,000 11,000 SUMITOMO MITSUI BANKING CORP. 3.12%, 04/11/08 9,000 9,000 SUMITOMO TRUST & BANKING CO. 4.81%, 06/20/08 6,000 6,000 3.24%, 06/30/08 6,000 6,000 4.36%, 07/08/08 2,000 2,000 TORONTO DOMINION BANK 4.92%, 05/07/08 4,000 4,000 UBS AG 5.40%, 04/14/08 14,000 14,000 4.76%, 05/07/08 4,000 4,000 4.70%, 05/09/08 4,000 4,000 4.27%, 06/09/08 15,000 15,000 3.02%, 06/11/08 25,000 25,000 3.10%, 06/30/08 1,000 1,000 3.08%, 07/11/08 3,000 3,007 UNICREDITO ITALIANO S.P.A. 5.12%, 04/16/08 5,000 5,000 4.90%, 06/19/08 2,000 2,000 4.80%, 06/27/08 1,000 1,000 2.70%, 07/29/08 28,000 28,000 3.13%, 07/30/08 1,000 1,000 UNION BANK OF CALIFORNIA 4.52%, 04/08/08 6,000 6,000 2.86%, 09/05/08 2,000 2,000 WESTPAC BANKING CORP. 5.36%, 04/23/08 11,000 11,000 3.10%, 05/06/08 15,000 15,000 2.98%, 08/27/08 5,000 5,000 WILMINGTON TRUST CO. 4.90%, 06/19/08 5,000 5,000 -------------- 942,029 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 31.9% - -------------------------------------------------------------------------------- ALPINE SECURITZATION CORP. 3.10%, 04/02/08 (a)(b)(c) 2,000 2,000 2.82%, 04/03/08 (a)(b)(c) 5,000 4,999 3.30%, 04/21/08 (a)(b)(c) 2,000 1,996 2.94%, 05/22/08 (a)(b)(c) 13,000 12,946 AMSTEL FUNDING CORP. 4.76%, 04/02/08 (b)(c) 1,000 1,000 5.16%, 04/15/08 (b)(c) 2,000 1,996 2.97%, 06/12/08 (b)(c) 6,000 5,965 3.02%, 07/07/08 (b)(c) 15,000 14,879 ANGLO IRISH BANK 4.79%, 05/01/08 (c) 5,000 4,981 ATLANTIC ASSET SECURITIZATION, L.L.C. 2.98%, 05/07/08 (a)(b)(c) 20,000 19,941 ATLANTIS ONE FUNDING CORP. 3.18%, 05/28/08 (b)(c) 10,000 9,950 3.12%, 06/06/08 (b)(c) 25,000 24,858 2.83%, 06/25/08 (b)(c) 6,000 5,960 BANK OF AMERICA CORP. 4.70%, 05/05/08 10,000 9,957 3.00%, 05/29/08 17,000 16,918 3.02%, 05/30/08 28,000 27,863 2.89%, 07/01/08 4,000 3,971 2.83%, 08/26/08 25,000 24,715 BANK OF IRELAND 3.11%, 07/01/08 (c) 1,000 992 2.91%, 07/08/08 (c) 6,000 5,953 BANK OF SCOTLAND PLC 3.26%, 05/29/08 2,000 1,990 BARCLAYS US FUNDING CORP. 3.05%, 08/25/08 (a) 5,000 4,939 CANCARA ASSET SECURITIZATION, L.L.C. 4.21%, 04/11/08 (a)(b)(c) 20,000 19,977 3.94%, 04/17/08 (a)(b)(c) 6,000 5,990 3.30%, 04/30/08 (a)(b)(c) 2,000 1,995 2.82%, 06/17/08 (a)(b)(c) 1,000 994 CHARIOT FUNDING, L.L.C. 5.06%, 04/17/08 (a)(b)(c) 8,000 7,982 CITIGROUP FUNDING, INC. 4.22%, 05/12/08 (a) 3,000 2,986 4.30%, 06/10/08 (a) 12,000 11,901 2.70%, 07/22/08 (a) 12,000 11,900 3.12%, 07/25/08 (a) 7,000 6,931 CLIPPER RECEIVABLES CO., L.L.C. 3.92%, 04/14/08 (a)(b)(c) 10,000 9,986 DNB NOR BANK ASA 3.91%, 05/13/08 1,000 995 3.10%, 06/30/08 12,000 11,908 2.53%, 12/15/08 1,000 982 FAIRWAY FINANCE CO., L.L.C. 3.24%, 04/03/08 (a)(b)(c) 4,000 3,999
2 SCHWAB INVESTOR MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 3.28%, 04/24/08 (a)(b)(c) 13,000 12,973 FALCON ASSET SECURITIZATION CORP. 3.30%, 04/22/08 (a)(b)(c) 12,000 11,977 GEMINI SECURITIZATION CORP., L.L.C. 3.31%, 04/01/08 (a)(b)(c) 9,000 9,000 3.06%, 04/03/08 (a)(b)(c) 3,000 2,999 3.08%, 04/10/08 (a)(b)(c) 3,000 2,998 3.53%, 04/22/08 (a)(b)(c) 12,000 11,976 3.06%, 05/02/08 (a)(b)(c) 5,000 4,987 GENERAL ELECTRIC CAPITAL CORP. 2.25%, 08/14/08 7,000 6,941 2.22%, 08/15/08 25,000 24,792 2.77%, 08/28/08 10,000 9,887 2.20%, 09/16/08 7,000 6,929 GENERAL ELECTRIC CAPITAL SERVICES 2.25%, 08/14/08 8,000 7,933 2.78%, 08/28/08 5,000 4,943 2.20%, 09/16/08 8,000 7,919 GRAMPIAN FUNDING, L.L.C. 5.22%, 04/02/08 (a)(b)(c) 10,000 9,999 3.89%, 04/17/08 (a)(b)(c) 1,000 998 4.79%, 04/25/08 (a)(b)(c) 6,000 5,981 GREENWICH CAPITAL HOLDINGS, INC. 4.38%, 06/06/08 (a) 3,000 2,976 ING (U.S.) FUNDING, L.L.C. 2.88%, 07/11/08 (a) 9,000 8,928 JUPITER SECURITIZATION CORP. 3.48%, 04/16/08 (a)(b)(c) 18,000 17,974 K2 (USA), L.L.C. 5.42%, 07/15/08 (b)(c)(d) 2,000 2,000 KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD. 3.02%, 08/13/08 (a)(c) 3,000 2,967 MONT BLANC CAPITAL CORP. 4.42%, 04/09/08 (a)(b)(c) 7,000 6,993 MORGAN STANLEY 5.20%, 04/14/08 19,000 18,965 5.21%, 04/22/08 6,000 5,982 4.91%, 04/29/08 9,000 8,966 NATIONWIDE BUILDING SOCIETY 4.18%, 05/15/08 1,500 1,492 3.30%, 05/27/08 1,000 995 3.16%, 06/25/08 9,000 8,934 3.07%, 07/29/08 8,000 7,920 NIEUW AMSTERDAM RECEIVABLES CORP. 5.21%, 04/04/08 (a)(b)(c) 4,000 3,998 OLD LINE FUNDING, L.L.C. 2.76%, 05/15/08 (a)(b)(c) 20,000 19,933 3.21%, 05/22/08 (a)(b)(c) 6,000 5,973 PICAROS FUNDING, L.L.C. 5.21%, 04/07/08 (a)(b)(c) 10,000 9,992 3.08%, 07/21/08 (a)(b)(c) 1,000 991 2.73%, 07/25/08 (a)(b)(c) 1,000 991 RANGER FUNDING CO., L.L.C. 5.05%, 04/11/08 (a)(b)(c) 2,000 1,997 3.06%, 04/14/08 (a)(b)(c) 1,471 1,469 ROYAL BANK OF SCOTLAND PLC 2.73%, 09/10/08 1,000 988 SAN PAOLO IMI U.S. FINANCIAL CO. 4.25%, 05/12/08 (a) 9,000 8,957 SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.68%, 09/12/08 (a) 4,000 3,952 SCALDIS CAPITAL LTD. 5.21%, 04/01/08 (a)(b)(c) 5,000 5,000 3.94%, 04/15/08 (a)(b)(c) 1,000 998 4.33%, 05/12/08 (a)(b)(c) 20,000 19,903 3.15%, 05/13/08 (a)(b)(c) 3,000 2,989 SEDNA FINANCE, INC. 5.41%, 06/13/08 (b)(c) 2,000 2,000 SHEFFIELD RECEIVABLES CORP. 3.07%, 04/22/08 (a)(b)(c) 20,000 19,964 SKANDINAVISKA ENSKILDA BANKEN AB 4.86%, 04/21/08 2,000 1,995 2.72%, 06/17/08 5,000 4,971 3.78%, 06/18/08 2,000 1,984 SOCIETE GENERALE NORTH AMERICA, INC. 3.77%, 05/23/08 (a) 11,000 10,941 SOLITAIRE FUNDING, L.L.C. 3.89%, 04/15/08 (a)(b)(c) 1,000 999 5.11%, 04/17/08 (a)(b)(c) 10,000 9,978 3.23%, 06/05/08 (a)(b)(c) 16,000 15,908 STADSHYPOTEK DELAWARE, INC. 3.06%, 06/23/08 (a)(c) 5,000 4,965 SWEDBANK AB 4.19%, 05/12/08 11,000 10,948 3.02%, 06/23/08 2,000 1,986 2.75%, 09/15/08 1,000 987 SWEDBANK MORTGAGE AB 4.87%, 06/17/08 4,000 3,959 THAMES ASSET GLOBAL SECURTISATION NO. 1, INC. 5.33%, 04/04/08 (a)(b)(c) 1,000 1,000 3.10%, 04/15/08 (a)(b)(c) 3,692 3,688 2.89%, 06/16/08 (a)(b)(c) 1,000 994 2.87%, 06/27/08 (a)(b)(c) 5,000 4,966 2.77%, 07/07/08 (a)(b)(c) 1,000 993 THE GOLDMAN SACHS GROUP, INC. 3.97%, 05/16/08 5,500 5,473 THUNDER BAY FUNDING, L.L.C. 3.18%, 04/08/08 (a)(b)(c) 1,000 999 5.24%, 04/10/08 (a)(b)(c) 12,000 11,985 2.76%, 05/19/08 (a)(b)(c) 6,000 5,978 TULIP FUNDING CORP. 3.15%, 05/07/08 (a)(b)(c) 9,359 9,330 UBS FINANCE (DELAWARE), INC. 3.75%, 06/17/08 (a) 1,000 992 UNICREDIT BANK (IRELAND) PLC 3.77%, 05/20/08 (a)(c) 1,000 995 WESTPAC SECURITIES NZ LTD. 2.74%, 09/11/08 (a)(c) 1,000 988 WHISTLEJACKET CAPITAL, L.L.C. 3.10%, 03/25/08 (b)(c)(d)(e) 2,000 2,000 2.78%, 04/15/08 (b)(c)(d)(e) 4,000 4,000 3.03%, 05/19/08 (b)(c)(d)(e) 2,000 2,000
3 SCHWAB INVESTOR MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 5.42%, 06/16/08 (b)(c)(d)(e) 2,000 2,000 -------------- 783,716 FIXED-RATE COUPON NOTE 0.1% - -------------------------------------------------------------------------------- FANNIE MAE 2.70%, 05/15/08 3,000 3,012 FIXED-RATE DISCOUNT NOTES 11.2% - -------------------------------------------------------------------------------- FANNIE MAE 2.96%, 04/09/08 8,000 7,995 2.92%, 04/16/08 15,000 14,982 2.92%, 04/23/08 11,000 10,981 2.96%, 04/23/08 5,000 4,991 2.93%, 04/30/08 16,000 15,962 2.98%, 05/01/08 2,000 1,995 2.73%, 05/14/08 7,000 6,977 2.09%, 06/18/08 1,000 995 2.16%, 06/18/08 1,364 1,358 FEDERAL FARM CREDIT BANK 2.30%, 04/07/08 4,000 3,998 2.45%, 05/28/08 5,000 4,981 2.45%, 05/30/08 1,000 996 FEDERAL HOME LOAN BANK 2.71%, 04/02/08 8,000 7,999 2.14%, 04/09/08 10,000 9,995 1.76%, 04/17/08 13,000 12,990 1.76%, 04/18/08 10,000 9,992 2.10%, 04/18/08 5,000 4,995 2.56%, 04/23/08 2,500 2,496 2.96%, 04/25/08 16,000 15,969 2.69%, 05/07/08 8,000 7,979 2.72%, 05/07/08 5,000 4,986 2.03%, 05/23/08 5,000 4,985 2.13%, 06/25/08 19,000 18,905 2.83%, 06/30/08 10,000 9,930 FREDDIE MAC 2.96%, 04/21/08 5,000 4,992 2.54%, 04/30/08 5,000 4,990 2.74%, 04/30/08 7,000 6,985 2.09%, 05/05/08 8,000 7,984 2.46%, 05/16/08 14,000 13,957 2.80%, 05/21/08 10,000 9,961 2.82%, 05/27/08 15,000 14,935 2.21%, 06/09/08 10,000 9,958 2.11%, 06/23/08 4,000 3,981 2.11%, 06/30/08 9,000 8,953 -------------- 274,128 -------------- TOTAL FIXED-RATE OBLIGATIONS (COST $2,034,885) 2,034,885 -------------- VARIABLE-RATE OBLIGATIONS 7.6% OF NET ASSETS ABBEY NATIONAL TREASURY SERVICES PLC 3.07%, 04/02/08 (a) 10,000 9,995 4.68%, 04/02/08 (a) 1,000 1,000 ANZ NATIONAL (INT'L) LTD. 3.31%, 05/27/08 (a) 10,000 10,000 BNP PARIBAS 3.06%, 04/03/08 2,000 2,000 CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY 2.77%, 04/02/08 (a) 1,760 1,760 CREDIT SUISSE 3.85%, 04/23/08 10,000 10,000 DANSKE CORP. 3.14%, 05/13/08 (a)(c) 15,000 15,000 3.15%, 05/15/08 (a)(c) 15,000 15,000 DEUTSCHE BANK AG 2.74%, 04/28/08 10,000 10,000 DEVELOPMENT AUTHORITY OF COLUMBUS, GA 2.93%, 04/03/08 (a) 1,455 1,455 EAGLE COUNTY COLORADO TAXABLE HOUSING FACILITIES 2.68%, 04/03/08 (a) 1,500 1,500 FIVE FINANCE, INC. 4.48%, 04/09/08 (b)(c) 1,000 1,000 K2 (USA), L.L.C. 2.79%, 04/15/08 (b)(c)(d) 2,000 2,000 3.27%, 05/01/08 (b)(c)(d) 10,000 10,000 LIBERTY LIGHTHOUSE U.S. CAPITAL CO., L.L.C. 4.69%, 04/02/08 (b)(c) 1,000 1,000 4.47%, 04/10/08 (b)(c)(d) 2,000 2,000 LINKS FINANCE, L.L.C. 2.57%, 04/25/08 (b)(c)(d) 4,000 4,000 LP PINEWOODS SPV 3.12%, 04/03/08 (a) 15,000 15,000 MERRILL LYNCH & CO., INC. 2.59%, 04/22/08 20,000 20,000 ROYAL BANK OF CANADA 3.06%, 04/04/08 25,000 25,000 ROYAL BANK OF SCOTLAND PLC 4.45%, 04/11/08 (c) 7,000 7,000 VILLAGE OF STURTEVANT, WI 2.78%, 04/03/08 (a) 465 465 WACHOVIA BANK, N.A. 3.40%, 04/25/08 15,000 15,000 WESTPAC BANKING CORP. 3.10%, 05/06/08 7,000 7,000 -------------- TOTAL VARIABLE-RATE OBLIGATIONS (COST $187,175) 187,175 --------------
ISSUER MATURITY AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) OTHER INVESTMENTS 10.5% OF NET ASSETS REPURCHASE AGREEMENTS 10.5% - -------------------------------------------------------------------------------- CREDIT SUISSE SECURITIES (USA), L.L.C. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $3,604. 3,533 3,533
4 SCHWAB INVESTOR MONEY FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER MATURITY AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) DEUTSCHE BANK SECURITIES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $102,000. 100,008 100,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $158,101. 155,011 155,000 -------------- TOTAL OTHER INVESTMENTS (COST $258,533) 258,533 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $2,480,593. (a) Credit-enhanced security. (b) Asset-backed security. (c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $510,125 or 20.8% of net assets. (d) Illiquid security. At the period end, the value of these amounted to $30,000 or 1.2% of net assets. (e) Security is in default. This security is currently in the process of being restructured. On February 11, 2008, Whistlejacket Capital LLC (Whistlejacket), a structured investment vehicle ("SIV"), experienced an "enforcement event" that has led to the appointment of a Receiver to manage Whistlejacket's operations. On February 12, 2008, two nationally recognized statistical rating organizations downgraded the ratings of the medium term notes (Notes) issued by Whistlejacket, including the Notes held by the fund. As a result of the downgrade, the Notes are no longer money fund eligible pursuant to Rule 2a-7 of the 1940 Act. As required under Rule 2a-7, the Board of Trustees of the fund met on February 12, 2008 and, based on the recommendation of the fund's investment adviser, determined that it was not in the best interest of the fund to dispose of the Notes at that time. On February 15, 2008, the Security Trustee of Whistlejacket notified the Fund that an insolvency acceleration event had occurred and as a result the Notes were in default. - -------------------------------------------------------------------------------- Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $2,480,593 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $2,480,593
5 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB CASH RESERVES(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except U.S. Treasury notes, for which the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 84.9% FIXED-RATE OBLIGATIONS 24,966,980 24,966,980 7.7% VARIABLE-RATE OBLIGATIONS 2,256,991 2,256,991 7.0% OTHER INVESTMENTS 2,045,789 2,045,789 - -------------------------------------------------------------------------------- 99.6% TOTAL INVESTMENTS 29,269,760 29,269,760 0.4% OTHER ASSETS AND LIABILITIES 120,760 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 29,390,520
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FIXED-RATE OBLIGATIONS 84.9% OF NET ASSETS BANK NOTES 1.7% BANK OF AMERICA, N.A. 4.75%, 04/11/08 44,000 44,000 2.95%, 07/18/08 289,000 289,000 2.68%, 08/08/08 130,000 130,000 2.51%, 09/23/08 50,000 50,000 -------------- 513,000 CERTIFICATES OF DEPOSIT 39.4% - -------------------------------------------------------------------------------- ABN AMRO BANK N.V. 3.07%, 05/08/08 46,000 46,000 3.00%, 06/13/08 135,000 135,000 3.01%, 06/23/08 72,000 72,000 3.00%, 07/22/08 5,000 5,000 3.04%, 07/25/08 25,000 25,000 2.39%, 08/19/08 20,000 20,000 2.85%, 09/08/08 80,000 80,000 ALLIANCE & LEICESTER PLC 5.32%, 04/18/08 10,000 10,000 ALLIED IRISH BANK PLC 4.73%, 04/28/08 36,000 36,000 3.11%, 06/30/08 23,000 23,000 AUSTRALIA & NEW ZEALAND BANKING GROUP LTD. 3.00%, 06/04/08 51,000 51,000 2.97%, 06/16/08 55,000 55,000 2.55%, 07/24/08 100,000 100,000 2.55%, 07/25/08 215,000 215,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 4.50%, 04/08/08 22,000 22,000 2.97%, 06/16/08 30,000 30,000 2.94%, 08/26/08 19,000 19,000 BANCO SANTANDER S.A. 3.85%, 05/16/08 13,000 13,001 3.10%, 06/23/08 9,000 9,013 4.25%, 07/10/08 175,000 175,000 4.15%, 07/11/08 70,000 70,002 4.18%, 07/15/08 150,000 150,004 BANK OF IRELAND 5.20%, 04/11/08 25,000 25,000 3.79%, 05/20/08 25,000 25,000 BANK OF MONTREAL 5.37%, 04/14/08 15,000 15,000 3.12%, 05/08/08 28,000 28,000 3.10%, 07/29/08 40,000 40,000 BANK OF NOVA SCOTIA 3.87%, 04/22/08 100,000 100,000 3.19%, 05/29/08 30,000 30,003 BANK OF SCOTLAND PLC 4.50%, 04/08/08 60,000 60,000 2.98%, 08/29/08 122,000 122,000 3.10%, 10/22/08 25,000 25,054 BANK OF THE WEST 3.25%, 04/24/08 130,000 130,000 BANK OF TOKYO MITSUBISHI UFJ LTD. 4.43%, 05/08/08 28,000 28,000 4.36%, 06/09/08 100,000 100,000 2.99%, 06/16/08 60,000 60,000 BARCLAYS BANK PLC 4.87%, 04/09/08 10,000 10,001 5.16%, 04/09/08 153,000 153,000 5.21%, 04/14/08 8,000 8,000 5.10%, 04/17/08 59,000 59,000 4.73%, 04/24/08 13,000 13,000 3.90%, 05/14/08 76,000 76,000 3.70%, 07/22/08 19,000 19,000 3.12%, 07/31/08 40,000 40,000 2.45%, 08/18/08 128,000 128,000 2.75%, 09/10/08 35,000 35,000 2.68%, 09/15/08 129,000 129,000 2.85%, 03/10/09 200,000 200,000 BNP PARIBAS 4.19%, 05/14/08 44,000 44,000 3.80%, 05/19/08 10,000 10,000 3.12%, 05/27/08 53,000 53,000 4.64%, 05/30/08 420,000 420,000 3.00%, 06/05/08 115,000 115,000 2.65%, 06/25/08 50,000 50,000 2.65%, 06/26/08 230,000 230,000 BRANCH BANKING & TRUST 2.50%, 09/18/08 40,000 40,000 CALYON 5.38%, 04/11/08 61,000 61,000 2.95%, 07/18/08 160,000 160,000 2.99%, 07/22/08 87,000 87,000
1 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) CANADIAN IMPERIAL BANK OF COMMERCE 4.76%, 05/09/08 57,000 57,000 CITIBANK, N.A. 3.35%, 04/23/08 200,000 200,000 3.00%, 04/28/08 40,000 40,001 2.88%, 07/07/08 98,000 98,000 2.73%, 08/13/08 176,000 176,000 2.94%, 09/03/08 125,000 125,000 COMMERZBANK AG 4.54%, 04/03/08 11,000 11,000 COMMONWEALTH BANK OF AUSTRALIA 3.16%, 04/07/08 130,000 130,000 CREDIT AGRICOLE S.A. 4.91%, 04/01/08 200,000 200,000 4.83%, 04/02/08 8,000 8,000 5.36%, 04/09/08 66,000 66,000 5.37%, 04/09/08 28,000 28,000 4.76%, 05/05/08 20,000 20,000 4.80%, 06/30/08 29,000 29,000 3.11%, 07/01/08 39,000 39,000 3.70%, 07/22/08 8,000 8,001 CREDIT SUISSE 4.42%, 07/07/08 47,000 47,000 4.23%, 07/08/08 25,000 25,000 DNB NOR BANK ASA 3.10%, 06/30/08 33,000 33,000 FORTIS BANK 2.40%, 09/22/08 222,000 222,000 HSBC BANK PLC 4.76%, 05/09/08 23,000 23,000 2.55%, 07/25/08 15,000 15,000 3.07%, 07/28/08 154,000 154,000 3.10%, 07/31/08 56,000 56,002 ING BANK N.V. 3.21%, 05/02/08 52,000 52,000 2.99%, 06/05/08 98,000 98,000 4.56%, 07/09/08 185,000 185,000 3.06%, 07/30/08 15,000 15,000 2.43%, 08/20/08 50,000 50,000 2.73%, 09/17/08 143,000 143,000 INTESA SANPAOLO 3.92%, 04/16/08 10,000 10,000 3.91%, 04/17/08 147,000 147,000 3.06%, 05/06/08 26,000 26,000 3.10%, 05/06/08 170,000 170,001 3.84%, 05/19/08 50,000 50,000 4.46%, 06/30/08 30,000 30,000 2.82%, 07/01/08 162,000 162,000 2.66%, 09/02/08 30,000 30,000 LLOYDS TSB BANK PLC 3.10%, 06/30/08 48,000 48,000 2.51%, 09/24/08 188,000 188,000 MITSUBISHI UFJ TRUST & BANKING Corp. 4.62%, 04/07/08 51,000 51,000 4.21%, 05/14/08 3,000 3,000 3.81%, 05/19/08 21,000 21,000 2.90%, 07/01/08 100,000 100,000 3.08%, 07/28/08 46,000 46,000 MIZUHO CORPORATE BANK LTD. 3.11%, 04/04/08 15,000 15,000 3.90%, 04/18/08 170,000 170,000 3.85%, 04/22/08 150,000 150,000 3.85%, 04/23/08 24,000 24,000 3.23%, 05/01/08 70,000 70,000 NATIONWIDE BUILDING SOCIETY 5.30%, 05/14/08 16,000 16,000 NATIXIS S.A. 4.53%, 04/04/08 135,000 135,000 3.85%, 05/20/08 30,000 30,000 NORDEA BANK FINLAND PLC 2.52%, 12/17/08 15,000 15,000 2.52%, 12/18/08 370,000 370,000 NORINCHUKIN BANK LTD. 3.14%, 04/08/08 50,000 50,000 3.90%, 04/15/08 18,000 18,000 ROYAL BANK OF SCOTLAND PLC 4.35%, 05/08/08 8,000 8,000 4.83%, 06/18/08 75,000 75,000 SKANDINAVISKA ENSKILDA BANKEN AB 5.20%, 04/10/08 23,000 23,000 4.80%, 04/24/08 16,000 16,000 4.91%, 05/28/08 70,000 70,000 4.56%, 06/30/08 100,000 100,000 3.00%, 08/26/08 13,000 13,000 SOCIETE GENERALE 3.93%, 04/17/08 10,000 10,000 4.80%, 06/10/08 5,000 5,000 4.81%, 06/24/08 125,000 125,000 4.60%, 07/08/08 120,000 120,000 SUMITOMO MITSUI BANKING CORP. 3.11%, 04/04/08 50,000 50,000 3.12%, 04/08/08 72,000 72,000 3.15%, 04/10/08 100,000 100,000 3.16%, 04/10/08 50,000 50,000 3.12%, 04/11/08 154,000 154,000 SUMITOMO TRUST & BANKING CO. 4.96%, 04/15/08 57,000 57,000 3.87%, 05/15/08 15,000 15,000 4.25%, 06/12/08 30,000 30,000 4.36%, 07/08/08 14,000 14,000 SVENSKA HANDELSBANKEN AB 3.03%, 05/05/08 23,000 23,000 SWEDBANK AB 3.07%, 07/25/08 84,000 84,000 TORONTO DOMINION BANK 3.10%, 05/06/08 35,000 35,000 4.92%, 05/07/08 285,000 285,000 4.45%, 06/16/08 20,000 20,000 4.86%, 06/20/08 18,000 18,000 UBS AG 5.40%, 04/14/08 23,000 23,000 5.35%, 04/15/08 35,000 35,000 4.76%, 05/07/08 13,000 13,000 4.70%, 05/09/08 116,000 116,000 5.28%, 05/13/08 40,000 40,000 3.33%, 05/23/08 11,000 11,000 4.90%, 06/02/08 10,000 10,000 3.02%, 06/11/08 240,000 240,000 3.10%, 06/30/08 24,000 24,000
2 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 3.08%, 07/11/08 17,000 17,038 UNICREDITO ITALIANO S.P.A. 3.90%, 05/19/08 54,000 54,000 4.93%, 06/04/08 85,000 85,000 4.80%, 06/27/08 46,000 46,000 2.70%, 07/29/08 50,000 50,000 3.13%, 07/30/08 19,000 19,000 2.74%, 08/11/08 130,000 130,002 2.50%, 08/21/08 30,000 30,000 UNION BANK OF CALIFORNIA 3.85%, 04/23/08 72,000 72,000 4.45%, 06/18/08 24,000 24,000 2.86%, 09/05/08 6,000 6,000 2.71%, 09/10/08 7,000 7,000 WESTPAC BANKING CORP. 5.37%, 04/10/08 7,000 7,000 3.10%, 05/06/08 99,000 99,000 2.98%, 08/27/08 35,000 35,000 WILMINGTON TRUST CO. 4.90%, 06/19/08 25,000 25,000 -------------- 11,577,123 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 32.4% - -------------------------------------------------------------------------------- ALPINE SECURITZATION CORP. 3.10%, 04/02/08 (a)(b)(c) 95,000 94,992 2.82%, 04/03/08 (a)(b)(c) 75,000 74,988 3.30%, 04/21/08 (a)(b)(c) 92,000 91,833 AMSTEL FUNDING CORP. 4.76%, 04/02/08 (b)(c) 16,000 15,998 4.44%, 04/11/08 (b)(c) 10,000 9,988 5.16%, 04/15/08 (b)(c) 50,000 49,901 2.89%, 06/13/08 (b)(c) 100,000 99,418 3.02%, 06/20/08 (b)(c) 20,000 19,867 ANGLO IRISH BANK 4.46%, 07/02/08 (c) 5,000 4,944 ATLANTIC ASSET SECURITIZATION, L.L.C. 3.00%, 05/01/08 (a)(b)(c) 155,000 154,614 2.98%, 05/07/08 (a)(b)(c) 6,000 5,982 ATLANTIS ONE FUNDING CORP. 5.11%, 04/21/08 (b)(c) 54,000 53,849 3.18%, 05/28/08 (b)(c) 65,000 64,676 3.20%, 05/28/08 (b)(c) 185,000 184,071 4.95%, 06/05/08 (b)(c) 10,000 9,913 2.77%, 06/23/08 (b)(c) 75,000 74,524 2.77%, 06/25/08 (b)(c) 80,000 79,481 BANK OF AMERICA CORP. 4.70%, 05/05/08 150,000 149,349 3.00%, 05/29/08 171,000 170,179 3.01%, 05/29/08 193,000 192,070 2.99%, 07/28/08 100,000 99,032 2.83%, 08/26/08 395,000 390,497 2.51%, 09/23/08 31,000 30,626 BANK OF IRELAND 4.33%, 05/12/08 (c) 20,000 19,903 3.90%, 05/16/08 (c) 128,000 127,384 3.11%, 07/01/08 (c) 17,000 16,868 2.91%, 07/08/08 (c) 12,000 11,906 BANK OF SCOTLAND PLC 3.05%, 04/28/08 17,000 16,961 BARCLAYS US FUNDING CORP. 3.05%, 08/25/08 (a) 12,000 11,854 CANCARA ASSET SECURITIZATION, L.L.C. 4.21%, 04/10/08 (a)(b)(c) 70,000 69,927 4.21%, 04/11/08 (a)(b)(c) 50,000 49,942 4.21%, 04/14/08 (a)(b)(c) 87,000 86,869 3.58%, 04/15/08 (a)(b)(c) 12,000 11,983 3.99%, 04/16/08 (a)(b)(c) 50,000 49,918 3.30%, 04/30/08 (a)(b)(c) 34,000 33,910 3.18%, 05/21/08 (a)(b)(c) 14,000 13,939 2.74%, 06/17/08 (a)(b)(c) 27,000 26,843 CBA (DELAWARE) FINANCE, INC. 2.73%, 06/30/08 (a) 200,000 198,645 CITIGROUP FUNDING, INC. 2.72%, 05/20/08 (a) 40,000 39,852 3.01%, 06/05/08 (a) 40,000 39,785 4.94%, 06/06/08 (a) 97,000 96,143 4.30%, 06/10/08 (a) 69,000 68,433 3.77%, 06/19/08 (a) 117,000 116,047 2.60%, 07/17/08 (a) 50,000 49,617 2.70%, 07/22/08 (a) 31,000 30,742 DNB NOR BANK ASA 5.05%, 04/15/08 49,000 48,906 3.91%, 05/13/08 14,000 13,937 4.37%, 06/09/08 67,000 66,449 2.67%, 09/18/08 30,000 29,627 2.53%, 12/15/08 3,000 2,947 FAIRWAY FINANCE CO., L.L.C. 3.28%, 04/24/08 (a)(b)(c) 142,000 141,704 FALCON ASSET SECURITIZATION CORP. 5.06%, 04/17/08 (a)(b)(c) 90,000 89,801 3.53%, 04/23/08 (a)(b)(c) 33,467 33,395 GEMINI SECURITIZATION CORP., L.L.C. 3.31%, 04/02/08 (a)(b)(c) 80,198 80,191 3.08%, 04/10/08 (a)(b)(c) 75,000 74,942 3.08%, 04/11/08 (a)(b)(c) 25,000 24,979 3.92%, 04/16/08 (a)(b)(c) 6,000 5,990 2.91%, 04/17/08 (a)(b)(c) 30,500 30,461 3.89%, 04/21/08 (a)(b)(c) 50,000 49,893 3.07%, 04/29/08 (a)(b)(c) 75,000 74,822 2.71%, 05/19/08 (a)(b)(c) 21,000 20,924 2.76%, 05/23/08 (a)(b)(c) 5,500 5,478 GENERAL ELECTRIC CAPITAL CORP. 2.50%, 04/01/08 300,000 300,000 2.25%, 08/14/08 47,000 46,607 2.77%, 08/28/08 115,000 113,701 2.20%, 09/16/08 47,000 46,522 GENERAL ELECTRIC CAPITAL SERVICES 2.25%, 08/14/08 40,000 39,666 2.78%, 08/28/08 50,000 49,433 2.20%, 09/16/08 41,000 40,583 GRAMPIAN FUNDING, L.L.C. 5.23%, 04/07/08 (a)(b)(c) 11,000 10,991 3.89%, 04/17/08 (a)(b)(c) 9,000 8,985 5.02%, 04/18/08 (a)(b)(c) 6,000 5,986 4.79%, 04/25/08 (a)(b)(c) 63,000 62,803 3.15%, 05/12/08 (a)(b)(c) 2,000 1,993
3 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) GREENWICH CAPITAL HOLDINGS, INC. 4.38%, 06/06/08 (a) 139,000 137,904 ING (U.S.) FUNDING, L.L.C. 2.88%, 07/11/08 (a) 50,000 49,600 J.P. MORGAN CHASE & CO. 2.55%, 04/01/08 65,000 65,000 5.02%, 04/18/08 300,000 299,307 JUPITER SECURTITZATION CORP. 3.30%, 04/24/08 (a)(b)(c) 26,000 25,946 K2 (USA), L.L.C. 5.40%, 06/13/08 (b)(c)(d) 7,000 7,000 5.42%, 07/15/08 (b)(c)(d) 54,000 54,000 KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD. 5.20%, 04/02/08 (a)(c) 11,000 10,998 3.02%, 08/13/08 (a)(c) 30,000 29,667 KITTY HAWK FUNDING CORP. 2.81%, 04/22/08 (a)(b)(c) 110,000 109,820 MONT BLANC CAPITAL CORP. 4.42%, 04/09/08 (a)(b)(c) 50,000 49,951 MORGAN STANLEY 5.20%, 04/14/08 327,000 326,403 5.21%, 04/22/08 50,000 49,852 4.91%, 04/29/08 8,000 7,970 NATIONWIDE BUILDING SOCIETY U.S. 4.18%, 05/15/08 40,000 39,799 3.85%, 05/16/08 27,000 26,872 3.30%, 05/27/08 20,000 19,898 3.20%, 05/29/08 22,000 21,888 2.96%, 08/04/08 160,000 158,378 2.80%, 09/10/08 6,000 5,925 NIEUW AMSTERDAM RECEIVABLES CORP. 5.21%, 04/04/08 (a)(b)(c) 81,000 80,966 OLD LINE FUNDING, L.L.C. 3.36%, 04/02/08 (a)(b)(c) 100,000 99,991 2.76%, 05/15/08 (a)(b)(c) 180,000 179,395 3.21%, 05/22/08 (a)(b)(c) 22,000 21,901 PICAROS FUNDING, L.L.C. 5.23%, 04/08/08 (a)(b)(c) 40,000 39,960 3.08%, 07/21/08 (a)(b)(c) 23,000 22,784 2.73%, 07/25/08 (a)(b)(c) 57,000 56,508 RABOBANK USA FINANCIAL CORP. 2.65%, 04/01/08 (a) 100,000 100,000 2.75%, 04/01/08 (a) 300,000 300,000 RANGER FUNDING CO., L.L.C. 2.81%, 04/21/08 (a)(b)(c) 65,000 64,899 ROYAL BANK OF SCOTLAND PLC 2.73%, 09/10/08 48,000 47,418 SAN PAOLO IMI U.S. FINANCIAL CO. 3.80%, 05/16/08 (a) 9,000 8,958 SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.68%, 09/12/08 (a) 18,000 17,783 2.67%, 09/17/08 (a) 15,000 14,814 SCALDIS CAPITAL LTD. 5.21%, 04/01/08 (a)(b)(c) 146,000 146,000 4.45%, 04/03/08 (a)(b)(c) 34,000 33,992 3.35%, 04/15/08 (a)(b)(c) 6,000 5,992 3.94%, 04/15/08 (a)(b)(c) 50,000 49,924 3.58%, 04/22/08 (a)(b)(c) 46,000 45,905 4.81%, 04/25/08 (a)(b)(c) 5,000 4,984 5.14%, 04/25/08 (a)(b)(c) 11,094 11,057 3.15%, 05/13/08 (a)(b)(c) 10,000 9,964 2.85%, 06/16/08 (a)(b)(c) 58,000 57,653 2.72%, 06/24/08 (a)(b)(c) 8,000 7,950 3.21%, 06/25/08 (a)(b)(c) 10,000 9,925 SEDNA FINANCE, INC. 5.41%, 06/13/08 (b)(c) 4,000 4,000 SHEFFIELD RECEIVABLES CORP. 3.07%, 04/22/08 (a)(b)(c) 94,000 93,832 SIGMA FINANCE, INC. 5.38%, 04/09/08 (b)(c)(d) 6,000 5,993 SKANDINAVISKA ENSKILDA BANKEN AB 2.72%, 06/17/08 20,000 19,885 3.78%, 06/18/08 26,000 25,790 3.10%, 07/30/08 11,000 10,888 SOCIETE GENERALE NORTH AMERICA, INC. 4.09%, 04/15/08 (a) 10,000 9,984 SOLITAIRE FUNDING, L.L.C. 5.14%, 04/10/08 (a)(b)(c) 95,000 94,880 4.21%, 04/11/08 (a)(b)(c) 31,500 31,464 3.39%, 04/29/08 (a)(b)(c) 40,000 39,895 3.18%, 05/20/08 (a)(b)(c) 25,000 24,893 3.23%, 06/05/08 (a)(b)(c) 105,000 104,393 3.18%, 06/23/08 (a)(b)(c) 30,000 29,782 STADSHYPOTEK DELAWARE, INC. 3.12%, 05/06/08 (a)(c) 25,000 24,925 3.06%, 06/23/08 (a)(c) 22,000 21,846 SVENSKA HANDELSBANKEN, INC. 2.97%, 06/06/08 (a) 100,000 99,460 SWEDBANK AB 4.19%, 05/12/08 60,000 59,717 3.02%, 06/23/08 14,000 13,904 2.70%, 08/27/08 10,000 9,890 2.75%, 09/15/08 10,000 9,874 SWEDBANK MORTGAGE AB 5.22%, 04/10/08 6,000 5,992 4.87%, 06/18/08 90,000 89,074 4.47%, 07/03/08 17,000 16,808 THAMES ASSET GLOBAL SECURTISATION NO. 1, INC. 5.33%, 04/04/08 (a)(b)(c) 8,000 7,997 4.63%, 04/07/08 (a)(b)(c) 41,363 41,331 2.89%, 06/16/08 (a)(b)(c) 39,000 38,764 THE GOLDMAN SACHS GROUP, INC. 3.97%, 05/16/08 45,000 44,780 THUNDER BAY FUNDING, L.L.C. 2.76%, 05/19/08 (a)(b)(c) 170,000 169,377 3.21%, 05/22/08 (a)(b)(c) 20,000 19,910 2.82%, 06/12/08 (a)(b)(c) 35,000 34,804 UBS FINANCE (DELAWARE), INC. 5.09%, 04/16/08 (a) 205,000 204,577 3.75%, 06/17/08 (a) 23,000 22,818 4.45%, 06/18/08 (a) 37,000 36,650 UNICREDIT BANK (IRELAND) PLC 4.11%, 05/16/08 (a)(c) 48,000 47,757 4.63%, 07/03/08 (a)(c) 7,000 6,918
4 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) WESTPAC SECURITIES NZ LTD. 4.10%, 04/21/08 (a)(c) 40,000 39,910 WHISTLEJACKET CAPITAL, L.L.C. 3.08%, 03/25/08 (b)(c)(d)(e) 16,000 16,000 3.10%, 03/25/08 (b)(c)(d)(e) 14,000 14,000 3.08%, 05/02/08 (b)(c)(d)(e) 10,000 10,000 3.03%, 05/19/08 (b)(c)(d)(e) 4,000 4,000 5.42%, 06/16/08 (b)(c)(d)(e) 13,000 13,000 3.13%, 08/06/08 (b)(c)(d)(e) 92,000 91,994 3.08%, 08/07/08 (b)(c)(d)(e) 50,000 49,997 -------------- 9,526,633 FIXED-RATE COUPON NOTES 0.1% - -------------------------------------------------------------------------------- FANNIE MAE 2.70%, 05/15/08 16,548 16,614 -------------- 16,614 FIXED-RATE DISCOUNT NOTES 11.3% - -------------------------------------------------------------------------------- FANNIE MAE 2.96%, 04/09/08 31,000 30,980 2.92%, 04/16/08 35,000 34,958 2.73%, 04/21/08 50,000 49,924 2.54%, 04/23/08 30,000 29,954 2.73%, 04/23/08 57,000 56,905 2.92%, 04/23/08 50,000 49,911 2.96%, 04/23/08 100,000 99,820 2.93%, 04/30/08 206,000 205,517 2.98%, 05/01/08 21,000 20,948 2.73%, 05/14/08 103,000 102,667 FEDERAL FARM CREDIT BANK 2.45%, 05/27/08 10,000 9,962 2.45%, 05/30/08 40,000 39,840 FEDERAL HOME LOAN BANK 2.71%, 04/02/08 106,000 105,992 2.14%, 04/09/08 55,000 54,974 1.76%, 04/17/08 100,000 99,922 2.10%, 04/18/08 100,000 99,901 2.92%, 04/23/08 32,750 32,692 1.76%, 04/24/08 163,000 162,817 2.96%, 04/25/08 202,000 201,605 2.69%, 05/07/08 83,000 82,778 2.72%, 05/07/08 145,000 144,609 2.03%, 05/23/08 65,000 64,810 2.10%, 06/13/08 83,000 82,648 2.13%, 06/20/08 22,000 21,896 2.13%, 06/25/08 223,000 221,884 2.83%, 06/30/08 33,000 32,769 FREDDIE MAC 2.96%, 04/21/08 100,000 99,837 2.54%, 04/29/08 6,650 6,637 2.09%, 05/05/08 59,000 58,884 2.47%, 05/09/08 60,000 59,844 2.46%, 05/16/08 163,000 162,501 2.80%, 05/21/08 200,000 199,228 2.82%, 05/27/08 161,000 160,300 2.21%, 06/09/08 140,000 139,410 2.83%, 06/13/08 50,000 49,716 2.83%, 06/20/08 100,000 99,378 2.11%, 06/23/08 49,000 48,763 2.11%, 06/30/08 109,000 108,429 -------------- 3,333,610 -------------- TOTAL FIXED-RATE OBLIGATIONS (COST $24,966,980) 24,966,980 -------------- VARIABLE-RATE OBLIGATIONS 7.7% OF NET ASSETS ABBEY NATIONAL TREASURY SERVICES PLC 4.68%, 04/02/08 (a) 26,000 26,012 ALLIED IRISH BANKS PLC 2.54%, 04/21/08 (c) 50,000 50,000 ANZ NATIONAL (INT'L) LTD. 3.31%, 05/27/08 (a) 75,000 75,000 BANCO ESPANOL DE CREDITO S.A. 3.98%, 04/18/08 (c) 25,000 25,000 BNP PARIBAS 3.06%, 04/03/08 70,000 70,000 CREDIT SUISSE 3.85%, 04/23/08 13,000 13,000 DANSKE BANK A/S 2.51%, 04/21/08 100,000 100,000 DANSKE CORP. 3.14%, 05/13/08 (a)(c) 90,000 90,000 3.15%, 05/15/08 (a)(c) 50,000 50,000 3.15%, 05/16/08 (a)(c) 140,000 140,000 DEUTSCHE BANK AG 2.98%, 04/14/08 100,000 100,001 2.74%, 04/28/08 35,000 35,000 2.81%, 06/23/08 100,000 100,000 DORADA FINANCE, INC. 2.79%, 04/16/08 (b)(c) 90,000 89,999 FIVE FINANCE, INC. 4.48%, 04/09/08 (b)(c) 21,000 20,998 FLORIDA HURRICANE CATASTROPHE FUND 2.99%, 04/15/08 75,000 75,000 FORTIS BANK 2.62%, 04/28/08 50,000 49,995 INTESA BANK IRELAND PLC 2.61%, 04/25/08 (c) 70,000 70,000 K2 (USA), L.L.C. 2.79%, 04/15/08 (b)(c)(d) 3,000 3,000 3.14%, 05/07/08 (b)(c)(d) 20,000 19,999 2.52%, 06/20/08 (b)(c)(d) 50,000 50,001 LIBERTY LIGHTHOUSE U.S. CAPITAL CO., L.L.C. 4.69%, 04/02/08 (b)(c) 2,000 2,000 4.47%, 04/10/08 (b)(c)(d) 6,000 6,000 3.03%, 05/15/08 (b)(c)(d) 16,000 16,000 LINKS FINANCE, L.L.C. 2.57%, 04/25/08 (b)(c)(d) 7,000 7,000 MERRILL LYNCH & CO., INC. 2.92%, 04/18/08 50,000 50,000 MITSUBISHI UFJ TRUST & BANKING CORP. 3.24%, 04/30/08 20,000 20,000 PHYSICIAN SOLUTIONS, L.L.C. 2.90%, 04/03/08 (a) 1,585 1,585
5 SCHWAB CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) ROMAN CATHOLIC BISHOP OF SAN JOSE (CA) 2.68%, 04/03/08 (a) 5,400 5,400 ROYAL BANK OF CANADA 3.06%, 04/04/08 50,000 50,000 ROYAL BANK OF SCOTLAND PLC 4.66%, 04/08/08 142,000 142,000 4.49%, 04/11/08 100,000 100,000 SEDNA FINANCE, INC. 3.03%, 04/10/08 (b)(c) 2,000 2,000 3.03%, 05/21/08 (b)(c) 3,000 3,000 SIGMA FINANCE, INC. 3.32%, 04/25/08 (b)(c)(d) 100,000 100,001 SVENSKA HANDELSBANKEN AB 4.47%, 04/07/08 (c) 50,000 50,000 TENDERFOOT SEASONAL HOUSING, L.L.C. 2.73%, 04/03/08 (a) 3,000 3,000 THE GOLDMAN SACHS GROUP, INC. 2.87%, 04/16/08 (c)(d) 60,000 60,000 2.87%, 04/17/08 (c)(d) 23,000 23,000 WACHOVIA BANK, N.A. 3.40%, 04/25/08 31,000 31,000 WESTPAC BANKING CORP. 3.10%, 05/06/08 282,000 282,000 WESTPAC SECURITIES NZ LTD. 3.31%, 05/05/08 (a)(c) 50,000 50,000 -------------- TOTAL VARIABLE-RATE OBLIGATIONS (COST $2,256,991) 2,256,991 --------------
MATURITY ISSUER AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) OTHER INVESTMENTS 7.0% OF NET ASSETS REPURCHASE AGREEMENTS 7.0% - -------------------------------------------------------------------------------- BANC OF AMERICA SECURITIES L.L.C. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.70%, fully collateralized by U.S. Government Securities with a value of $112,200. 110,008 110,000 BARCLAYS CAPITAL INC. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $438,600. 430,030 430,000 CREDIT SUISSE SECURITIES (USA), L.L.C. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $16,106. 15,790 15,789 DEUTSCHE BANK SECURITIES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $1,071,000. 1,050,080 1,050,000 Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.25%, fully collateralized by U.S. Government Securities with a value of $163,200. 160,010 160,000 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/2008 at 2.75%, fully collateralized by U.S. Government Securities with a value of $285,600. 280,021 280,000 -------------- TOTAL OTHER INVESTMENTS (COST $2,045,789) 2,045,789 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $29,269,760. (a) Credit-enhanced security. (b) Asset-backed security. (c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $5,578,561 or 19.0% of net assets. (d) Illiquid security. At the period end, the value of these amounted to $550,985 or 1.9% of net assets. (e) Security is in default. This security is currently in the process of being restructured. On February 11, 2008, Whistlejacket Capital LLC (Whistlejacket), a structured investment vehicle ("SIV"), experienced an "enforcement event" that has led to the appointment of a Receiver to manage Whistlejacket's operations. On February 12, 2008, two nationally recognized statistical rating organizations downgraded the ratings of the medium term notes (Notes) issued by Whistlejacket, including the Notes held by the fund. As a result of the downgrade, the Notes are no longer money fund eligible pursuant to Rule 2a-7 of the 1940 Act. As required under Rule 2a-7, the Board of Trustees of the fund met on February 12, 2008 and, based on the recommendation of the fund's investment adviser, determined that it was not in the best interest of the fund to dispose of the Notes at that time. On February 15, 2008, the Security Trustee of Whistlejacket notified the Fund that an insolvency acceleration event had occurred and as a result the Notes were in default. 6 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB CASH RESERVES(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $29,269,760 Level 3 - Significant Unobservable Inputs $0 TOTAL $29,269,760
7 The Charles Schwab Family of Funds Schwab Advisor Cash Reserves(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. For fixed rate obligations, the rate shown is the effective yield at the time of purchase, except for U.S. Treasury notes, for which the rate shown is ther interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date, and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 84.6% FIXED-RATE OBLIGATIONS 19,777,639 19,777,639 8.1% VARIABLE-RATE OBLIGATIONS 1,886,611 1,886,611 7.7% OTHER INVESTMENTS 1,797,790 1,797,790 - -------------------------------------------------------------------------------- 100.4% TOTAL INVESTMENTS 23,462,040 23,462,040 (0.4)% OTHER ASSETS AND Liabilities (89,115) - -------------------------------------------------------------------------------- 100.0% NET ASSETS 23,372,925
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FIXED-RATE OBLIGATIONS 84.6% OF NET ASSETS BANK NOTES 1.8% - -------------------------------------------------------------------------------- BANK OF AMERICA, N.A. 2.95%, 07/18/08 334,000 334,000 2.51%, 09/23/08 82,000 82,000 -------------- 416,000 CERTIFICATES OF DEPOSIT 39.1% - -------------------------------------------------------------------------------- ABN AMRO BANK N.V. 3.07%, 05/08/08 26,000 26,000 3.00%, 06/13/08 129,000 129,000 3.01%, 06/23/08 57,000 57,000 3.00%, 07/22/08 96,000 96,000 2.39%, 08/19/08 121,000 121,000 ALLIANCE & LEICESTER PLC 5.32%, 04/18/08 4,000 4,000 5.32%, 05/13/08 70,000 70,000 ALLIED IRISH BANK PLC 4.73%, 04/28/08 41,000 41,000 2.72%, 09/09/08 30,000 30,000 AUSTRALIA & NEW ZEALAND BANKING GROUP LTD. 2.65%, 09/10/08 75,000 75,000 2.55%, 09/18/08 100,000 100,000 2.50%, 09/26/08 22,000 22,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 4.50%, 04/08/08 31,000 31,000 4.51%, 04/08/08 50,000 50,000 2.94%, 08/26/08 16,000 16,000 2.53%, 09/24/08 22,000 22,000 2.52%, 12/17/08 150,000 150,000 BANCO SANTANDER S.A. 3.85%, 05/16/08 12,000 12,001 3.10%, 06/23/08 15,000 15,022 4.25%, 07/10/08 139,000 139,000 4.15%, 07/11/08 30,000 30,001 4.18%, 07/15/08 150,000 150,004 BANK OF IRELAND 5.20%, 04/11/08 17,000 17,000 3.79%, 05/20/08 11,000 11,000 BANK OF MONTREAL 5.38%, 04/14/08 51,000 51,000 3.12%, 05/08/08 12,000 12,000 3.10%, 07/29/08 62,000 62,000 BANK OF NOVA SCOTIA 3.19%, 05/29/08 40,000 40,004 BANK OF SCOTLAND PLC 4.50%, 04/08/08 6,000 6,000 2.98%, 08/29/08 44,000 44,000 BANK OF THE WEST 3.25%, 04/24/08 35,000 35,000 BANK OF TOKYO MITSUBISHI UFJ LTD. 3.17%, 04/10/08 50,000 50,000 2.99%, 06/16/08 30,000 30,000 BARCLAYS BANK PLC 5.16%, 04/09/08 86,000 86,000 5.21%, 04/14/08 6,000 6,000 5.07%, 04/17/08 12,000 12,000 5.09%, 04/17/08 65,000 65,000 5.10%, 04/17/08 87,000 86,999 4.73%, 04/24/08 150,000 150,000 5.32%, 05/13/08 40,000 40,000 3.90%, 05/14/08 57,000 57,000 3.05%, 06/09/08 48,000 48,000 3.70%, 07/22/08 25,000 25,000 2.45%, 08/18/08 105,000 105,000 2.62%, 12/18/08 32,000 32,000 BNP PARIBAS 3.80%, 05/19/08 10,000 10,000 3.00%, 06/05/08 30,000 30,000 2.65%, 06/19/08 50,000 50,000 4.75%, 06/19/08 256,000 256,000 2.65%, 06/25/08 275,000 275,000 2.65%, 06/26/08 45,000 45,000 BRANCH BANKING & TRUST 2.50%, 09/18/08 55,000 55,000 CALYON 3.10%, 06/16/08 69,000 69,125 2.99%, 07/22/08 7,000 7,000 CITIBANK, N.A. 3.35%, 04/23/08 200,000 200,000 2.88%, 07/07/08 81,000 81,000 2.73%, 08/13/08 98,000 98,000 2.40%, 08/19/08 100,000 100,000 2.94%, 09/03/08 50,000 50,000 COMMERZBANK AG 4.54%, 04/03/08 11,000 11,000
1 SCHWAB ADVISOR CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 4.24%, 04/23/08 12,000 12,000 4.33%, 04/23/08 60,000 60,000 COMMONWEALTH BANK OF AUSTRALIA 3.16%, 04/07/08 110,000 110,000 CREDIT AGRICOLE S.A. 4.91%, 04/01/08 240,000 240,000 4.83%, 04/02/08 20,000 20,000 5.36%, 04/09/08 129,000 129,000 3.11%, 07/01/08 115,000 115,000 3.70%, 07/22/08 10,000 10,001 CREDIT SUISSE 4.42%, 07/07/08 103,000 103,000 4.23%, 07/08/08 58,000 58,000 DNB NOR BANK ASA 4.48%, 04/09/08 50,000 50,000 FORTIS BANK 2.40%, 09/22/08 180,000 180,000 HSBC BANK PLC 2.55%, 07/25/08 48,000 48,000 3.07%, 07/28/08 150,000 150,000 ING BANK N.V. 3.11%, 05/09/08 75,000 75,000 2.99%, 06/05/08 163,000 163,000 4.56%, 07/09/08 56,000 56,000 3.06%, 07/30/08 20,000 20,000 2.77%, 08/12/08 130,000 130,000 2.43%, 08/20/08 15,000 15,000 INTESA SANPAOLO 3.88%, 04/22/08 150,000 150,001 4.17%, 05/14/08 50,000 50,000 2.80%, 06/27/08 100,000 100,000 3.11%, 06/30/08 60,000 60,000 2.50%, 09/25/08 110,000 110,000 MITSUBISHI UFJ TRUST & BANKING CORP. 4.62%, 04/07/08 49,000 49,000 5.38%, 04/09/08 58,000 58,000 3.81%, 05/19/08 17,000 17,000 3.08%, 07/28/08 54,000 54,000 MIZUHO CORPORATE BANK LTD. 3.12%, 04/15/08 43,000 43,000 3.90%, 04/18/08 130,000 130,000 3.85%, 04/23/08 104,000 104,000 3.25%, 04/24/08 80,000 80,000 NATIXIS S.A. 4.53%, 04/04/08 10,000 10,000 3.85%, 05/20/08 7,000 7,000 NORDEA BANK FINLAND PLC 2.52%, 12/17/08 215,000 215,000 NORINCHUKIN BANK LTD. 3.14%, 04/08/08 50,000 50,000 3.90%, 04/15/08 60,000 60,000 ROYAL BANK OF SCOTLAND PLC 4.92%, 06/06/08 140,000 140,000 4.83%, 06/18/08 175,000 175,000 SKANDINAVISKA ENSKILDA BANKEN AB 4.80%, 04/24/08 28,000 28,000 SOCIETE GENERALE 3.93%, 04/17/08 10,000 10,000 4.96%, 04/17/08 7,000 7,000 4.80%, 06/10/08 9,000 9,000 4.78%, 06/20/08 14,000 14,000 4.81%, 06/24/08 113,000 113,000 SUMITOMO MITSUI BANKING CORP. 3.13%, 04/04/08 50,000 50,000 3.12%, 04/08/08 50,000 50,000 3.15%, 04/10/08 100,000 100,000 3.16%, 04/10/08 40,000 40,000 3.12%, 04/11/08 92,000 92,000 SUMITOMO TRUST & BANKING CO. 4.96%, 04/15/08 35,000 35,000 3.87%, 05/15/08 9,000 9,000 4.25%, 06/12/08 20,000 20,000 4.36%, 07/08/08 12,000 12,000 SWEDBANK AB 3.22%, 06/30/08 84,000 84,000 TORONTO DOMINION BANK 4.92%, 05/07/08 65,000 65,000 4.70%, 05/13/08 15,000 15,000 4.45%, 06/16/08 15,000 15,000 4.86%, 06/20/08 22,000 22,000 UBS AG 5.40%, 04/14/08 162,000 162,000 4.76%, 05/07/08 8,000 8,000 5.28%, 05/13/08 10,000 10,000 3.33%, 05/23/08 27,000 27,000 3.02%, 06/11/08 100,000 100,000 3.08%, 07/11/08 24,000 24,054 UNICREDITO ITALIANO S.P.A. 3.90%, 05/19/08 144,000 144,001 4.93%, 06/04/08 109,000 109,000 4.90%, 06/19/08 50,000 50,001 4.80%, 06/27/08 28,000 28,000 2.70%, 07/29/08 6,000 6,000 3.13%, 07/30/08 20,000 20,000 UNION BANK OF CALIFORNIA 4.45%, 06/18/08 24,000 24,000 3.04%, 07/07/08 55,000 55,000 2.75%, 09/18/08 59,000 59,000 WESTPAC BANKING CORP. 5.38%, 04/09/08 58,000 58,000 3.10%, 05/06/08 175,000 175,000 2.98%, 08/27/08 73,000 73,000 WILMINGTON TRUST CO. 4.90%, 06/19/08 20,000 20,000 -------------- 9,142,214 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 32.4% - -------------------------------------------------------------------------------- ALLIED IRISH BANKS NORTH AMERICA, INC. 4.79%, 04/07/08 (a) 10,000 9,992 ALPINE SECURITZATION CORP. 2.82%, 04/03/08 (a)(b)(c) 65,000 64,990 3.33%, 04/21/08 (a)(b)(c) 148,000 147,731 AMSTEL FUNDING CORP. 4.44%, 04/11/08 (b)(c) 11,000 10,987 2.97%, 06/12/08 (b)(c) 35,000 34,793 ANGLO IRISH BANK 4.46%, 07/02/08 (c) 28,000 27,688
2 SCHWAB ADVISOR CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) ATLANTIC ASSET SECURITIZATION, L.L.C. 3.10%, 04/02/08 (a)(b)(c) 18,000 17,998 3.00%, 04/03/08 (a)(b)(c) 65,000 64,989 2.82%, 06/26/08 (a)(b)(c) 200,000 198,662 ATLANTIS ONE FUNDING CORP. 3.18%, 05/28/08 (b)(c) 35,000 34,825 4.95%, 06/05/08 (b)(c) 13,000 12,887 3.12%, 06/06/08 (b)(c) 29,000 28,836 2.70%, 06/20/08 (b)(c) 150,000 149,107 BANK OF AMERICA CORP. 4.70%, 05/05/08 224,000 223,028 3.00%, 05/29/08 264,000 262,733 3.02%, 05/30/08 235,000 233,848 2.99%, 07/28/08 100,000 99,032 2.51%, 09/23/08 23,000 22,723 BANK OF IRELAND 3.90%, 05/16/08 (c) 7,000 6,966 3.11%, 07/01/08 (c) 7,000 6,946 2.91%, 07/08/08 (c) 38,000 37,702 3.07%, 07/24/08 (c) 9,000 8,914 BANK OF SCOTLAND PLC 3.26%, 05/29/08 19,000 18,901 CANCARA ASSET SECURITIZATION, L.L.C. 4.21%, 04/11/08 (a)(b)(c) 44,000 43,949 3.58%, 04/15/08 (a)(b)(c) 13,000 12,982 3.99%, 04/16/08 (a)(b)(c) 50,000 49,918 3.94%, 04/17/08 (a)(b)(c) 41,000 40,929 3.30%, 04/30/08 (a)(b)(c) 12,000 11,968 2.70%, 06/17/08 (a)(b)(c) 95,000 94,455 2.82%, 06/17/08 (a)(b)(c) 27,000 26,838 CHARIOT FUNDING, L.L.C. 5.06%, 04/17/08 (a)(b)(c) 95,000 94,790 CITIGROUP FUNDING, INC. 4.22%, 05/12/08 (a) 95,000 94,550 2.72%, 05/20/08 (a) 20,000 19,926 4.94%, 06/06/08 (a) 82,000 81,275 4.30%, 06/10/08 (a) 78,000 77,359 3.77%, 06/19/08 (a) 35,000 34,715 2.95%, 07/11/08 (a) 50,000 49,590 CLIPPER RECEIVABLES CO., L.L.C. 3.92%, 04/14/08 (a)(b)(c) 35,000 34,951 DNB NOR BANK ASA 5.05%, 04/15/08 120,000 119,770 4.37%, 06/09/08 18,000 17,852 FALCON ASSET SECURITIZATION CORP. 2.85%, 04/04/08 (a)(b)(c) 101,074 101,050 3.30%, 04/22/08 (a)(b)(c) 60,634 60,518 3.53%, 04/23/08 (a)(b)(c) 10,000 9,979 GEMINI SECURITIZATION CORP., L.L.C. 3.31%, 04/01/08 (a)(b)(c) 7,000 7,000 3.08%, 04/11/08 (a)(b)(c) 28,000 27,976 3.99%, 04/16/08 (a)(b)(c) 25,000 24,959 3.89%, 04/21/08 (a)(b)(c) 50,000 49,893 2.76%, 05/23/08 (a)(b)(c) 21,000 20,917 GENERAL ELECTRIC CAPITAL CORP. 2.25%, 08/14/08 150,000 148,746 2.22%, 08/15/08 129,000 127,928 2.20%, 09/16/08 437,000 432,554 GENERAL ELECTRIC CAPITAL SERVICES 2.25%, 08/14/08 30,000 29,749 2.20%, 09/16/08 33,000 32,664 GRAMPIAN FUNDING, L.L.C. 5.22%, 04/02/08 (a)(b)(c) 47,000 46,993 5.26%, 04/07/08 (a)(b)(c) 2,000 1,998 3.89%, 04/17/08 (a)(b)(c) 9,000 8,985 5.02%, 04/18/08 (a)(b)(c) 4,000 3,991 3.15%, 05/12/08 (a)(b)(c) 6,000 5,979 GREENWICH CAPITAL HOLDINGS, INC. 4.82%, 06/16/08 (a) 9,000 8,911 4.33%, 07/09/08 (a) 15,000 14,825 ING (U.S.) FUNDING, L.L.C. 2.88%, 07/11/08 (a) 16,000 15,872 J.P. MORGAN CHASE & CO. 2.55%, 04/01/08 55,000 55,000 2.60%, 04/01/08 80,700 80,700 5.02%, 04/18/08 160,000 159,631 JUPITER SECURITIZATION CORP. 3.48%, 04/16/08 (a)(b)(c) 82,834 82,715 K2 (USA), L.L.C. 5.40%, 06/13/08 (b)(c)(d) 4,000 4,000 5.42%, 07/15/08 (b)(c)(d) 38,000 38,000 KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD. 5.20%, 04/02/08 (a)(c) 20,000 19,997 3.02%, 08/13/08 (a)(c) 15,000 14,834 MONT BLANC CAPITAL CORP. 4.42%, 04/09/08 (a)(b)(c) 13,000 12,987 3.91%, 04/18/08 (a)(b)(c) 50,000 49,909 MORGAN STANLEY 5.20%, 04/14/08 36,000 35,934 5.21%, 04/22/08 150,000 149,556 4.91%, 04/29/08 24,000 23,911 NATIONWIDE BUILDING SOCIETY U.S. 4.18%, 05/15/08 162,500 161,682 3.85%, 05/16/08 30,000 29,858 3.30%, 05/27/08 6,000 5,970 3.16%, 06/25/08 9,000 8,934 3.07%, 07/29/08 28,000 27,720 OLD LINE FUNDING, L.L.C. 3.36%, 04/02/08 (a)(b)(c) 98,772 98,763 3.21%, 05/22/08 (a)(b)(c) 18,000 17,919 PARK AVENUE RECEIVABLES CO., L.L.C. 3.10%, 04/01/08 (a)(b)(c) 75,000 75,000 2.85%, 04/02/08 (a)(b)(c) 101,081 101,073 PICAROS FUNDING, L.L.C. 5.21%, 04/07/08 (a)(b)(c) 10,000 9,992 3.08%, 07/21/08 (a)(b)(c) 21,000 20,803 2.73%, 07/25/08 (a)(b)(c) 85,000 84,267 RABOBANK USA FINANCIAL CORP. 2.65%, 04/01/08 (a) 85,000 85,000 2.75%, 04/01/08 (a) 250,000 250,000 RANGER FUNDING CO., L.L.C. 5.08%, 04/11/08 (a)(b)(c) 9,000 8,988 RBOS GROUP US 3.01%, 08/26/08 30,000 29,637
3 SCHWAB ADVISOR CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) SANTANDER CENTRAL HISPANO FINANCE (DELAWARE), INC. 2.68%, 09/12/08 (a) 8,000 7,904 2.67%, 09/17/08 (a) 7,000 6,913 SCALDIS CAPITAL LTD. 5.21%, 04/01/08 (a)(b)(c) 7,000 7,000 4.45%, 04/03/08 (a)(b)(c) 28,000 27,993 3.35%, 04/15/08 (a)(b)(c) 6,000 5,992 3.38%, 04/25/08 (a)(b)(c) 38,000 37,915 3.38%, 04/28/08 (a)(b)(c) 150,000 149,623 3.15%, 05/13/08 (a)(b)(c) 26,000 25,905 2.72%, 06/24/08 (a)(b)(c) 7,000 6,956 2.77%, 06/27/08 (a)(b)(c) 49,000 48,674 SEDNA FINANCE, INC. 5.41%, 06/13/08 (b)(c) 2,000 2,000 SKANDINAVISKA ENSKILDA BANKEN AB 4.86%, 04/21/08 6,000 5,984 3.80%, 05/21/08 60,000 59,687 2.72%, 06/17/08 6,000 5,965 3.78%, 06/18/08 121,000 120,025 3.10%, 07/30/08 15,000 14,848 SOCIETE GENERALE NORTH AMERICA, INC. 4.60%, 04/03/08 (a) 10,000 9,997 3.82%, 05/19/08 (a) 5,000 4,975 3.77%, 05/23/08 (a) 65,000 64,651 SOLITAIRE FUNDING, L.L.C. 5.14%, 04/10/08 (a)(b)(c) 91,000 90,885 4.21%, 04/11/08 (a)(b)(c) 7,000 6,992 4.39%, 04/11/08 (a)(b)(c) 94,000 93,887 3.89%, 04/15/08 (a)(b)(c) 10,000 9,985 5.11%, 04/17/08 (a)(b)(c) 20,000 19,955 3.09%, 04/29/08 (a)(b)(c) 35,000 34,916 3.39%, 04/29/08 (a)(b)(c) 6,000 5,984 3.18%, 05/20/08 (a)(b)(c) 6,000 5,974 STADSHYPOTEK DELAWARE, INC. 3.93%, 04/16/08 (a)(c) 95,000 94,846 3.12%, 05/06/08 (a)(c) 21,000 20,937 SWEDBANK AB 4.19%, 05/12/08 43,000 42,797 3.02%, 06/23/08 12,000 11,917 SWEDBANK MORTGAGE AB 3.10%, 06/10/08 4,000 3,976 4.87%, 06/17/08 6,000 5,939 THAMES ASSET GLOBAL SECURTISATION NO. 1, INC. 2.87%, 06/27/08 (a)(b)(c) 7,000 6,952 THE GOLDMAN SACHS GROUP, INC. 3.97%, 05/16/08 37,000 36,819 THUNDER BAY FUNDING, L.L.C. 3.18%, 04/08/08 (a)(b)(c) 17,301 17,290 5.24%, 04/10/08 (a)(b)(c) 70,367 70,277 3.21%, 05/22/08 (a)(b)(c) 17,000 16,923 2.82%, 06/12/08 (a)(b)(c) 79,000 78,558 UBS FINANCE (DELAWARE), INC. 5.09%, 04/16/08 (a) 120,000 119,752 3.02%, 05/12/08 (a) 20,000 19,932 3.75%, 06/17/08 (a) 23,000 22,818 4.45%, 06/18/08 (a) 170,000 168,394 5.09%, 07/07/08 (a) 178,000 175,650 UNICREDIT BANK (IRELAND) PLC 4.11%, 05/16/08 (a)(c) 8,000 7,959 3.77%, 05/20/08 (a)(c) 15,000 14,924 WHISTLEJACKET CAPITAL, L.L.C. 3.07%, 03/20/08 (b)(c)(d)(e) 43,000 43,000 3.03%, 05/19/08 (b)(c)(d)(e) 10,000 10,000 5.42%, 06/16/08 (b)(c)(d)(e) 12,000 12,000 3.13%, 08/06/08 (b)(c)(d)(e) 88,000 87,994 3.08%, 08/07/08 (b)(c)(d)(e) 40,000 39,997 YORKTOWN CAPITAL, L.L.C. 5.09%, 04/11/08 (a)(b)(c) 9,000 8,988 -------------- 7,574,586 FIXED-RATE COUPON NOTE 0.0% - -------------------------------------------------------------------------------- FANNIE MAE 2.70%, 05/15/08 6,000 6,024 FIXED-RATE DISCOUNT NOTES 11.3% - -------------------------------------------------------------------------------- FANNIE MAE 2.73%, 04/23/08 13,000 12,978 2.92%, 04/23/08 33,750 33,690 2.96%, 04/23/08 91,000 90,837 2.93%, 04/30/08 171,000 170,599 2.98%, 05/01/08 17,000 16,958 2.56%, 05/07/08 89,000 88,773 2.73%, 05/14/08 78,000 77,748 2.11%, 06/04/08 78,000 77,709 2.09%, 06/18/08 22,000 21,901 FEDERAL FARM CREDIT BANK 2.30%, 04/07/08 32,000 31,988 2.45%, 05/28/08 20,000 19,923 2.45%, 05/30/08 6,000 5,976 FEDERAL HOME LOAN BANK 2.71%, 04/02/08 82,000 81,994 1.90%, 04/08/08 10,805 10,801 2.14%, 04/09/08 115,000 114,945 1.76%, 04/17/08 135,000 134,894 1.76%, 04/18/08 100,000 99,917 2.10%, 04/18/08 100,000 99,901 2.96%, 04/25/08 167,000 166,673 2.69%, 05/07/08 74,000 73,802 2.72%, 05/07/08 100,000 99,730 2.03%, 05/23/08 45,000 44,869 2.10%, 06/13/08 76,000 75,678 2.13%, 06/20/08 18,000 17,915 2.13%, 06/25/08 180,000 179,099 FREDDIE MAC 2.96%, 04/21/08 100,000 99,837 2.74%, 04/30/08 60,000 59,869 2.82%, 05/05/08 77,100 76,896 2.47%, 05/09/08 50,000 49,870 2.46%, 05/16/08 131,000 130,599 2.80%, 05/21/08 23,000 22,911 2.82%, 05/27/08 100,000 99,565 2.21%, 06/09/08 68,000 67,714 2.11%, 06/23/08 55,000 54,734 2.11%, 06/30/08 84,000 83,560 2.09%, 07/03/08 44,200 43,962 -------------- 2,638,815 -------------- TOTAL FIXED-RATE OBLIGATIONS (COST $19,777,639) 19,777,639 --------------
4 SCHWAB ADVISOR CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) VARIABLE-RATE OBLIGATIONS 8.1% OF NET ASSETS ABBEY NATIONAL TREASURY SERVICES PLC 4.68%, 04/02/08 (a) 115,000 115,054 ANZ NATIONAL (INT'L) LTD. 3.31%, 05/27/08 (a) 65,000 65,000 BANCO ESPANOL DE CREDITO S.A. 3.98%, 04/18/08 (c) 50,000 50,000 BANK OF IRELAND 2.55%, 04/21/08 (c) 10,000 10,000 BANK OF MONTREAL 3.34%, 04/30/08 50,000 49,977 BNP PARIBAS 3.06%, 04/03/08 10,000 10,000 BRECKENRIDGE TERRACE LLC 2.73%, 04/03/08 (a) 1,000 1,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.61%, 04/23/08 25,000 25,000 COOK COUNTY, IL 2.93%, 04/02/08 (a) 1,500 1,500 CREDIT SUISSE 3.85%, 04/23/08 56,000 56,000 DANSKE BANK A/S 2.51%, 04/21/08 200,000 200,000 DANSKE CORP. 3.14%, 05/13/08 (a)(c) 70,000 70,000 3.15%, 05/16/08 (a)(c) 50,000 50,000 DEUTSCHE BANK AG 2.98%, 04/14/08 100,000 100,001 2.74%, 04/28/08 100,000 100,002 4.75%, 04/21/08 100,000 100,000 EAGLE COUNTY, CO 2.73%, 04/03/08 (a) 2,000 2,000 FIVE FINANCE, INC. 4.48%, 04/09/08 (b)(c) 19,000 18,998 FORTIS BANK 2.62%, 04/28/08 50,000 49,995 K2 (USA), L.L.C. 2.52%, 06/20/08 (b)(c)(d) 50,000 50,001 LIBERTY LIGHTHOUSE U.S. CAPITAL CO., L.L.C. 4.69%, 04/02/08 (b)(c) 15,000 15,000 4.47%, 04/10/08 (b)(c)(d) 4,000 4,000 3.03%, 05/15/08 (b)(c)(d) 13,000 13,000 MERRILL LYNCH & CO., INC. 2.96%, 04/15/08 25,000 25,000 2.92%, 04/18/08 50,000 50,000 MITSUBISHI UFJ TRUST & BANKING CORP. 3.24%, 04/30/08 20,000 20,000 MORGAN STANLEY 3.27%, 04/03/08 20,000 20,000 NORDEA BANK AB 3.02%, 04/11/08 (c) 25,000 25,000 ROYAL BANK OF CANADA 3.06%, 04/04/08 150,000 150,000 2.65%, 04/29/08 20,200 20,197 ROYAL BANK OF SCOTLAND PLC 2.61%, 04/21/08 (c) 20,000 20,000 SIGMA FINANCE, INC. 3.32%, 04/25/08 (b)(c)(d) 100,000 100,001 SOCIETE GENERALE 3.12%, 04/02/08 (c) 15,000 15,000 SVENSKA HANDELSBANKEN AB 4.47%, 04/07/08 (c) 50,000 50,000 TENDERFOOT SEASONAL HOUSING, L.L.C. 2.73%, 04/03/08 (a) 2,885 2,885 THE GOLDMAN SACHS GROUP, INC. 2.87%, 04/17/08 (c)(d) 77,000 77,000 WACHOVIA BANK, N.A. 3.40%, 04/25/08 35,000 35,000 WESTPAC BANKING CORP. 2.82%, 04/16/08 (c) 25,000 25,000 3.10%, 05/06/08 50,000 50,000 WESTPAC SECURITIES NZ LTD. 3.31%, 05/05/08 (a)(c) 45,000 45,000 -------------- TOTAL VARIABLE-RATE OBLIGATIONS (COST $1,886,611) 1,886,611 --------------
MATURITY ISSUER AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) OTHER INVESTMENTS 7.7% OF NET ASSETS REPURCHASE AGREEMENTS 7.7% - -------------------------------------------------------------------------------- BANK OF AMERICA SECURITIES, L.L.C. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.70% ,fully collateralized by U.S. Government Securities with a value of $86,700. 85,006 85,000 BARCLAYS CAPITAL, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $346,800. 340,024 340,000 CREDIT SUISSE SECURITIES (USA), L.L.C. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $18,148. 17,792 17,790 DEUTSCHE BANK SECURITIES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $872,100. 855,065 855,000
5 SCHWAB ADVISOR CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
MATURITY ISSUER AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.25%, fully collateralized by U.S. Government Securities with a value of $127,500. 125,008 125,000 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement, dated 03/31/08, due 04/01/2008 at 2.75%, fully collateralized by U.S. Government Securities with a value of $224,400. 220,017 220,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $158,101. 155,011 155,000 -------------- TOTAL OTHER INVESTMENTS (COST $1,797,790) 1,797,790 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $23,462,040. (a) Credit-enhanced security. (b) Asset-backed security. (c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $4,023,567 or 17.2% of net assets. (d) Illiquid security. At the period end, the value of these amounted to $478,993 or 2.0% of net assets (e) Security is in default. This security is currently in the process of being restructured. On February 11, 2008, Whistlejacket Capital LLC (Whistlejacket), a structured investment vehicle ("SIV"), experienced an "enforcement event" that has led to the appointment of a Receiver to manage Whistlejacket's operations. On February 12, 2008, two nationally recognized statistical rating organizations downgraded the ratings of the medium term notes (Notes) issued by Whistlejacket, including the Notes held by the fund. As a result of the downgrade, the Notes are no longer money fund eligible pursuant to Rule 2a-7 of the 1940 Act. As required under Rule 2a-7, the Board of Trustees of the fund met on February 12, 2008 and, based on the recommendation of the fund's investment adviser, determined that it was not in the best interest of the fund to dispose of the Notes at that time. On February 15, 2008, the Security Trustee of Whistlejacket notified the Fund that an insolvency acceleration event had occurred and as a result the Notes were in default. Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value: 6 SCHWAB ADVISOR CASH RESERVES PORTFOLIO HOLDINGS (Unaudited) continued
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable Inputs $ 23,462,040 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $ 23,462,040
7 THE CHARLES SCHWAB FAMILY OF FUNDS SCHWAB MONEY MARKET FUND(TM) PORTFOLIO HOLDINGS As of March 31, 2008, (Unaudited) The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual 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 and the maturity date shown is the next interest rate change date.
COST VALUE HOLDINGS BY CATEGORY ($ X 1,000) ($ X 1,000) - -------------------------------------------------------------------------------- 80.4% FIXED-RATE 16,040,171 16,040,171 OBLIGATIONS 11.6% VARIABLE-RATE 2,315,994 2,315,994 OBLIGATIONS 7.8% OTHER INVESTMENTS 1,550,747 1,550,747 - -------------------------------------------------------------------------------- 99.8% TOTAL INVESTMENTS 19,906,912 19,906,912 0.2% OTHER ASSETS AND Liabilities 47,131 - -------------------------------------------------------------------------------- 100.0% NET ASSETS 19,954,043
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) FIXED-RATE OBLIGATIONS 80.4% OF NET ASSETS BANK NOTES 0.9% - -------------------------------------------------------------------------------- BANK OF AMERICA, N.A. 4.75%, 04/11/08 120,000 120,000 2.95%, 07/18/08 61,000 61,000 -------------- 181,000 CERTIFICATES OF DEPOSIT 39.0% - -------------------------------------------------------------------------------- ABN AMRO BANK N.V. 3.07%, 05/08/08 70,000 70,000 3.00%, 06/13/08 12,000 12,000 3.01%, 06/23/08 65,000 65,000 2.39%, 08/19/08 1,000 1,000 ALLIED IRISH BANK PLC 4.73%, 04/28/08 65,000 65,000 2.72%, 09/09/08 14,000 14,000 AUSTRALIA & NEW ZEALAND BANKING GROUP LTD. 3.00%, 06/04/08 37,000 37,000 3.22%, 06/30/08 80,000 80,000 2.55%, 07/24/08 53,000 53,000 2.50%, 09/26/08 18,000 18,000 BANCO BILBAO VIZCAYA ARGENTARIA S.A. 2.94%, 08/26/08 14,000 14,000 2.53%, 09/24/08 18,000 18,000 BANCO SANTANDER S.A. 3.85%, 05/16/08 10,000 10,001 3.81%, 05/19/08 150,000 150,012 3.10%, 06/23/08 18,000 18,027 4.25%, 07/10/08 80,000 80,000 4.18%, 07/15/08 51,000 51,001 BANK OF IRELAND 3.79%, 05/20/08 12,000 12,000 BANK OF MONTREAL 5.38%, 04/14/08 10,000 10,000 3.10%, 07/29/08 129,000 129,000 BANK OF SCOTLAND PLC 4.50%, 04/08/08 64,000 64,000 2.98%, 08/29/08 80,000 80,000 3.10%, 10/22/08 57,000 57,123 BANK OF THE WEST 3.23%, 07/02/08 99,000 99,000 BANK OF TOKYO MITSUBISHI UFJ LTD. 3.10%, 05/07/08 115,000 115,000 BARCLAYS BANK PLC 4.87%, 04/09/08 10,000 10,001 5.07%, 04/17/08 13,000 13,000 5.32%, 05/13/08 160,000 160,000 3.70%, 07/22/08 20,000 20,000 2.45%, 08/18/08 267,000 267,000 2.62%, 12/18/08 101,000 101,000 BNP PARIBAS 4.19%, 05/14/08 143,000 143,000 3.12%, 05/27/08 20,000 20,000 4.64%, 05/30/08 100,000 100,000 3.00%, 06/05/08 115,000 115,000 2.65%, 06/26/08 325,000 325,000 CALYON 3.10%, 06/16/08 10,000 10,018 2.99%, 07/22/08 193,000 193,000 CITIBANK, N.A. 3.40%, 04/18/08 466,000 466,098 2.97%, 06/05/08 129,000 129,000 2.94%, 09/03/08 50,000 50,000 COMMERZBANK AG 4.33%, 04/23/08 28,000 28,000 CREDIT AGRICOLE S.A. 4.83%, 04/02/08 173,000 173,000 3.70%, 07/22/08 7,000 7,001 3.00%, 08/22/08 54,000 54,002 CREDIT SUISSE 4.42%, 07/07/08 11,000 11,000 DNB NOR BANK ASA 3.06%, 05/06/08 100,000 100,000 3.10%, 06/30/08 24,000 24,000 FORTIS BANK 2.40%, 09/22/08 1,000 1,000 HSBC BANK PLC 4.76%, 05/09/08 90,000 90,000 2.55%, 07/25/08 37,000 37,000 3.07%, 07/28/08 46,000 46,000 ING BANK N.V. 3.21%, 05/02/08 143,000 143,000 2.99%, 06/05/08 76,000 76,000 3.06%, 07/30/08 20,000 20,000
1 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) INTESA SANPAOLO 3.92%, 04/16/08 21,000 21,000 3.06%, 05/06/08 18,000 18,000 3.13%, 06/02/08 37,000 37,000 4.46%, 06/30/08 50,000 50,000 2.66%, 09/02/08 250,000 250,000 2.50%, 09/25/08 65,000 65,000 2.62%, 10/01/08 37,000 37,000 LLOYDS TSB BANK PLC 3.10%, 06/30/08 10,000 10,000 MITSUBISHI UFJ TRUST & BANKING CORP. 5.38%, 04/09/08 30,000 30,000 4.21%, 05/14/08 5,000 5,000 3.81%, 05/19/08 15,000 15,000 5.18%, 07/23/08 40,000 40,000 MIZUHO CORPORATE BANK LTD. 3.11%, 04/04/08 17,000 17,000 3.85%, 04/23/08 104,000 104,000 3.23%, 05/01/08 190,000 190,000 NATIXIS S.A. 4.53%, 04/04/08 120,000 120,000 NORDEA BANK FINLAND PLC 2.52%, 12/18/08 198,000 198,000 ROYAL BANK OF SCOTLAND PLC 4.35%, 05/08/08 67,000 67,000 4.83%, 06/18/08 96,000 96,000 SKANDINAVISKA ENSKILDA BANKEN AB 4.90%, 05/23/08 179,000 179,000 SOCIETE GENERALE 3.93%, 04/17/08 9,000 9,000 4.81%, 06/24/08 95,000 95,000 SUMITOMO MITSUI BANKING CORP. 3.11%, 04/04/08 38,000 38,000 3.13%, 04/04/08 150,000 150,000 3.12%, 04/08/08 38,000 38,000 3.15%, 04/10/08 50,000 50,000 3.12%, 04/11/08 27,000 27,000 SUMITOMO TRUST & BANKING CO. 4.46%, 07/07/08 50,000 50,000 4.36%, 07/08/08 11,000 11,000 SVENSKA HANDELSBANKEN AB 3.03%, 05/05/08 100,000 100,002 SWEDBANK AB 3.22%, 06/30/08 111,000 111,000 TORONTO DOMINION BANK 3.10%, 05/06/08 15,000 15,000 4.86%, 06/20/08 75,000 75,000 UBS AG 5.40%, 04/14/08 265,000 265,000 5.32%, 04/15/08 145,000 145,000 4.76%, 05/07/08 25,000 25,000 5.27%, 05/12/08 90,000 90,000 3.33%, 05/23/08 27,000 27,000 3.10%, 06/30/08 6,500 6,500 3.08%, 07/11/08 11,000 11,025 UNICREDITO ITALIANO S.P.A. 5.12%, 04/16/08 60,000 60,000 4.80%, 06/27/08 15,000 15,000 2.50%, 08/21/08 120,000 120,000 UNION BANK OF CALIFORNIA 4.45%, 06/18/08 52,000 52,000 2.86%, 09/05/08 66,000 65,997 WESTPAC BANKING CORP. 5.38%, 04/09/08 35,000 35,000 3.10%, 05/06/08 137,000 137,000 2.98%, 08/27/08 137,000 137,000 WILMINGTON TRUST CO. 4.90%, 06/19/08 19,000 19,000 -------------- 7,782,808 COMMERCIAL PAPER & OTHER CORPORATE OBLIGATIONS 29.3% - -------------------------------------------------------------------------------- ALPINE SECURITZATION CORP. 2.82%, 04/03/08 (a)(b)(c) 100,000 99,984 3.30%, 04/21/08 (a)(b)(c) 9,000 8,984 AMSTEL FUNDING CORP. 4.76%, 04/02/08 (b)(c) 8,000 7,999 4.44%, 04/11/08 (b)(c) 10,000 9,988 ANGLO IRISH BANK 4.46%, 07/02/08 (c) 20,000 19,777 AQUINAS FUNDING, L.L.C. 5.51%, 04/04/08 (a)(b)(c) 30,000 29,986 ATLANTIC ASSET SECURITIZATION, L.L.C. 2.91%, 04/17/08 (a)(b)(c) 95,000 94,878 ATLANTIS ONE FUNDING CORP. 3.18%, 05/28/08 (b)(c) 20,000 19,900 3.12%, 06/06/08 (b)(c) 146,000 145,173 2.83%, 06/25/08 (b)(c) 20,000 19,867 BANK OF AMERICA CORP. 4.70%, 05/05/08 111,000 110,518 3.00%, 05/29/08 18,000 17,914 2.89%, 07/01/08 161,000 159,835 2.83%, 08/26/08 100,000 98,860 BANK OF IRELAND 3.11%, 07/01/08 (c) 9,000 8,930 2.91%, 07/08/08 (c) 90,000 89,294 CANCARA ASSET SECURITIZATION, L.L.C. 4.21%, 04/11/08 (a)(b)(c) 60,000 59,931 3.92%, 04/24/08 (a)(b)(c) 70,000 69,826 3.18%, 05/21/08 (a)(b)(c) 119,000 118,479 CHARIOT FUNDING, L.L.C. 2.85%, 04/01/08 (a)(b)(c) 120,059 120,059 5.06%, 04/17/08 (a)(b)(c) 76,000 75,832 CITIGROUP FUNDING, INC. 3.13%, 05/29/08 (a) 50,000 49,750 3.01%, 06/05/08 (a) 50,000 49,731 4.94%, 06/06/08 (a) 55,000 54,514 3.94%, 06/17/08 (a) 112,000 111,072 3.12%, 07/25/08 (a) 25,000 24,754 CLIPPER RECEIVABLES CO., L.L.C. 3.92%, 04/14/08 (a)(b)(c) 30,000 29,958 DNB NOR BANK ASA 4.37%, 06/09/08 95,000 94,219 2.67%, 09/18/08 23,000 22,714 FAIRWAY FINANCE CO., L.L.C. 3.24%, 04/03/08 (a)(b)(c) 46,000 45,992 3.28%, 04/24/08 (a)(b)(c) 25,000 24,948 FALCON ASSET SECURITIZATION CORP. 2.95%, 04/07/08 (a)(b)(c) 76,077 76,040 3.53%, 04/23/08 (a)(b)(c) 10,467 10,445
2 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) GEMINI SECURITIZATION CORP., L.L.C. 3.92%, 04/16/08 (a)(b)(c) 22,000 21,964 3.99%, 04/16/08 (a)(b)(c) 50,000 49,918 2.91%, 04/17/08 (a)(b)(c) 7,000 6,991 3.89%, 04/18/08 (a)(b)(c) 29,107 29,054 3.89%, 04/21/08 (a)(b)(c) 25,000 24,947 GENERAL ELECTRIC CAPITAL CORP. 2.25%, 08/14/08 130,000 128,913 2.77%, 08/28/08 75,000 74,153 2.20%, 09/16/08 332,000 328,622 GENERAL ELECTRIC CAPITAL SERVICES 2.25%, 08/14/08 25,000 24,791 2.78%, 08/28/08 35,000 34,603 2.20%, 09/16/08 28,000 27,715 GRAMPIAN FUNDING, L.L.C. 5.22%, 04/02/08 (a)(b)(c) 26,000 25,996 5.26%, 04/07/08 (a)(b)(c) 35,000 34,970 5.24%, 04/08/08 (a)(b)(c) 13,500 13,487 4.79%, 04/25/08 (a)(b)(c) 26,000 25,919 3.15%, 05/12/08 (a)(b)(c) 4,000 3,986 GREENWICH CAPITAL HOLDINGS, INC. 4.38%, 06/06/08 (a) 8,000 7,937 ING (U.S.) FUNDING, L.L.C. 2.88%, 07/11/08 (a) 25,000 24,800 J.P. MORGAN CHASE & CO. 2.55%, 04/01/08 45,221 45,221 2.60%, 04/01/08 125,000 125,000 JUPITER SECURTITZATION CORP. 3.30%, 04/24/08 (a)(b)(c) 17,000 16,964 K2 (USA), L.L.C. 5.40%, 06/13/08 (b)(c)(d) 23,000 23,000 5.42%, 07/15/08 (b)(c)(d) 119,000 119,000 KBC FINANCIAL PRODUCTS INTERNATIONAL, LTD. 5.20%, 04/02/08 (a)(c) 28,000 27,996 MONT BLANC CAPITAL CORP. 4.42%, 04/09/08 (a)(b)(c) 25,000 24,976 3.91%, 04/18/08 (a)(b)(c) 5,920 5,909 MORGAN STANLEY 5.17%, 04/07/08 25,000 24,979 NATIONWIDE BUILDING SOCIETY U.S. 3.85%, 05/16/08 28,000 27,867 3.30%, 05/27/08 8,000 7,959 3.07%, 07/29/08 45,000 44,549 2.96%, 08/04/08 55,000 54,442 PARK AVENUE RECEIVABLES CO., L.L.C. 3.10%, 04/01/08 (a)(b)(c) 50,000 50,000 2.85%, 04/02/08 (a)(b)(c) 100,000 99,992 3.53%, 04/18/08 (a)(b)(c) 152,307 152,055 PICAROS FUNDING, L.L.C. 5.23%, 04/08/08 (a)(b)(c) 41,000 40,959 2.73%, 07/25/08 (a)(b)(c) 57,000 56,508 RABOBANK USA FINANCIAL CORP. 2.65%, 04/01/08 (a) 75,000 75,000 2.75%, 04/01/08 (a) 250,000 250,000 RANGER FUNDING CO., L.L.C. 3.01%, 04/04/08 (a)(b)(c) 53,338 53,325 SCALDIS CAPITAL LTD. 3.94%, 04/15/08 (a)(b)(c) 85,000 84,871 4.02%, 04/15/08 (a)(b)(c) 18,000 17,972 5.14%, 04/16/08 (a)(b)(c) 25,000 24,947 4.33%, 05/12/08 (a)(b)(c) 90,000 89,562 SEDNA FINANCE, INC. 5.41%, 06/13/08 (b)(c) 56,000 56,000 SHEFFIELD RECEIVABLES CORP. 3.17%, 04/07/08 (a)(b)(c) 75,000 74,961 3.31%, 04/11/08 (a)(b)(c) 60,000 59,945 SKANDINAVISKA ENSKILDA BANKEN AB 3.78%, 06/18/08 17,000 16,863 SOCIETE GENERALE NORTH AMERICA, INC. 4.60%, 04/03/08 (a) 20,000 19,995 3.82%, 05/19/08 (a) 8,000 7,960 SOLITAIRE FUNDING, L.L.C. 5.14%, 04/10/08 (a)(b)(c) 24,000 23,970 5.11%, 04/16/08 (a)(b)(c) 50,000 49,895 5.11%, 04/17/08 (a)(b)(c) 61,000 60,864 3.18%, 05/20/08 (a)(b)(c) 94,000 93,597 STADSHYPOTEK DELAWARE, INC. 3.93%, 04/16/08 (a)(c) 15,000 14,976 3.06%, 06/23/08 (a)(c) 82,000 81,427 SWEDBANK MORTGAGE AB 5.22%, 04/10/08 48,000 47,939 4.47%, 07/03/08 29,000 28,673 THE GOLDMAN SACHS GROUP, INC. 3.97%, 05/16/08 50,000 49,755 THUNDER BAY FUNDING, L.L.C. 2.90%, 04/04/08 (a)(b)(c) 141,149 141,115 TULIP FUNDING CORP. 3.15%, 05/07/08 (a)(b)(c) 77,000 76,759 UBS FINANCE (DELAWARE), INC. 4.45%, 06/18/08 (a) 75,000 74,292 5.09%, 07/07/08 (a) 50,000 49,340 UNICREDIT BANK (IRELAND) PLC 4.61%, 04/14/08 (a)(c) 11,000 10,982 3.77%, 05/20/08 (a)(c) 114,000 113,422 VARIABLE FUNDING CAPITAL CORP. 4.81%, 04/14/08 (a)(b)(c) 50,000 49,915 WESTPAC SECURITIES NZ LTD. 2.53%, 12/15/08 (a)(c) 39,000 38,307 WHISTLEJACKET CAPITAL, L.L.C. 3.90%, 02/25/08 (b)(c)(d)(e) 100,000 100,000 3.08%, 03/25/08 (b)(c)(d)(e) 59,000 59,000 3.03%, 05/19/08 (b)(c)(d)(e) 17,000 17,000 5.42%, 06/16/08 (b)(c)(d)(e) 13,000 13,000 -------------- 5,841,922 FIXED-RATE COUPON NOTE 0.2% - -------------------------------------------------------------------------------- FEDERAL HOME LOAN BANK 4.40%, 04/29/08 35,000 35,045 FIXED-RATE DISCOUNT NOTES 11.0% - -------------------------------------------------------------------------------- FANNIE MAE 2.54%, 04/23/08 34,500 34,447 2.73%, 04/23/08 46,000 45,924 2.92%, 04/23/08 49,000 48,913 2.96%, 04/23/08 100,000 99,820
3 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) 2.93%, 04/30/08 148,000 147,653 2.98%, 05/01/08 15,000 14,963 2.51%, 05/14/08 12,379 12,342 2.73%, 05/14/08 80,000 79,741 2.09%, 06/18/08 21,000 20,905 FEDERAL FARM CREDIT BANK 2.45%, 05/27/08 50,000 49,810 FEDERAL HOME LOAN BANK 2.71%, 04/02/08 74,000 73,995 1.90%, 04/08/08 10,000 9,996 2.14%, 04/09/08 8,000 7,996 2.56%, 04/09/08 50,000 49,972 1.76%, 04/17/08 50,000 49,961 1.76%, 04/18/08 56,186 56,139 2.10%, 04/18/08 50,000 49,951 1.76%, 04/24/08 70,775 70,696 2.96%, 04/25/08 147,000 146,712 2.69%, 05/07/08 37,000 36,901 2.72%, 05/07/08 56,000 55,849 2.82%, 05/14/08 48,870 48,707 2.03%, 05/23/08 47,000 46,863 2.13%, 06/20/08 15,000 14,929 2.13%, 06/25/08 73,000 72,635 2.83%, 06/30/08 50,000 49,650 FREDDIE MAC 2.96%, 04/21/08 100,000 99,837 2.47%, 05/09/08 45,000 44,883 2.46%, 05/16/08 113,000 112,654 2.80%, 05/21/08 175,000 174,324 2.82%, 05/27/08 150,000 149,348 2.21%, 06/09/08 55,000 54,768 2.83%, 06/13/08 50,000 49,716 2.11%, 06/23/08 49,000 48,763 2.11%, 06/30/08 70,000 69,633 -------------- 2,199,396 -------------- TOTAL FIXED-RATE OBLIGATIONS (COST $16,040,171) 16,040,171 -------------- VARIABLE-RATE OBLIGATIONS 11.6% OF NET ASSETS ABAG FINANCE AUTHORITY FOR NONPROFIT CORPS., CALIFORNIA 2.68%, 04/03/08 (a) 17,680 17,680 BANK OF IRELAND 2.55%, 04/21/08 (c) 50,000 50,000 BANK OF NEW YORK CO., INC. 2.71%, 04/28/08 (c) 75,000 75,000 CANADIAN IMPERIAL BANK OF COMMERCE 2.61%, 04/23/08 65,000 65,000 CFM INTERNATIONAL, INC. 2.95%, 04/07/08 (a)(c) 7,020 7,020 CITY OF SANTA ROSA, CALIFORNIA 2.68%, 04/03/08 (a) 9,100 9,100 COMMONWEALTH BANK OF AUSTRALIA 2.62%, 04/24/08 (c) 50,000 50,000 COOK COUNTY, IL 2.93%, 04/02/08 (a) 30,000 30,000 CREDIT SUISSE 3.85%, 04/23/08 277,000 277,000 DANSKE CORP. 3.15%, 05/16/08 (a)(c) 80,000 80,000 DEUTSCHE BANK AG 2.74%, 04/28/08 60,000 60,001 FORTIS BANK 2.62%, 04/28/08 50,000 49,995 GENWORTH LIFE & ANNUITY 3.20%, 04/01/08 (d) 100,000 100,000 LIBERTY LIGHTHOUSE U.S. CAPITAL CO., L.L.C. 3.03%, 05/15/08 (b)(c)(d) 16,000 16,000 LOWNDES CORP., GEORGIA 3.92%, 04/03/08 (a)(c) 600 600 MERRILL LYNCH & CO., INC. 2.96%, 04/15/08 100,000 100,000 2.59%, 04/22/08 50,000 50,000 MET LIFE INSURANCE CO. OF CT 3.22%, 04/28/08 (d) 100,000 100,000 MITSUBISHI UFJ TRUST & BANKING CORP. 3.24%, 04/30/08 20,000 20,000 MORGAN STANLEY 3.27%, 04/03/08 240,000 240,000 NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 2.64%, 04/07/08 (a) 18,500 18,500 2.64%, 04/07/08 (a) 39,410 39,410 NORDEA BANK AB 3.05%, 04/09/08 (c) 50,000 50,000 3.02%, 04/11/08 (c) 45,000 45,000 ROYAL BANK OF CANADA 3.12%, 04/10/08 60,000 60,000 ROYAL BANK OF SCOTLAND PLC 4.49%, 04/11/08 200,000 200,000 2.61%, 04/21/08 (c) 185,000 185,000 SE CHRISTIAN CHURCH, JEFFERSON COUNTY, KENTUCKY 2.93%, 04/03/08 (a) 5,685 5,685 SOCIETE GENERALE 3.12%, 04/02/08 (c) 60,000 60,000 THE GOLDMAN SACHS GROUP, INC. 2.87%, 04/16/08 (c)(d) 80,000 80,000 WELLS FARGO & CO. 2.90%, 04/15/08 (c) 165,000 165,003 WESTPAC BANKING CORP. 3.10%, 05/06/08 10,000 10,000 -------------- TOTAL VARIABLE-RATE OBLIGATIONS (COST $2,315,994) 2,315,994 --------------
4 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS (Unaudited) continued
ISSUER FACE AMOUNT VALUE RATE, MATURITY DATE ($ X 1,000) ($ X 1,000) OTHER INVESTMENTS 7.8% OF NET ASSETS REPURCHASE AGREEMENTS 7.8% - -------------------------------------------------------------------------------- BANK OF AMERICA SECURITIES, L.L.C. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.70%, fully collateralized by U.S. Government Securities with a value of $76,500. 75,006 75,000 BARCLAYS CAPITAL, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $295,800. 290,020 290,000 CREDIT SUISSE SECURITIES (USA), L.L.C. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $5,864. 5,747 5,747 DEUTSCHE BANK SECURITIES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.68%, fully collateralized by U.S. Government Securities with a value of $851,700. 835,062 835,000 GOLDMAN SACHS & CO. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.75%, fully collateralized by U.S. Government Securities with a value of $193,800. 190,015 190,000 UBS FINANCIAL SERVICES, INC. Tri-Party Repurchase Agreement dated 03/31/08, due 04/01/08 at 2.50%, fully collateralized by U.S. Government Securities with a value of $158,103. 155,011 155,000 -------------- TOTAL OTHER INVESTMENTS (COST $1,550,747) 1,550,747 --------------
END OF INVESTMENTS. (All dollar amounts are x 1,000) At 03/31/08, the tax basis cost of the fund's investments was $19,906,912. (a) Credit-enhanced security. (b) Asset-backed security. (c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $4,310,296 or 21.6% of net assets. (d) Illiquid security. At the period end, the value of these amounted to $627,000 or 3.1% of net assets. (e) Security is in default. This security is currently in the process of being restructured. On February 11, 2008, Whistlejacket Capital LLC (Whistlejacket), a structured investment vehicle ("SIV"), experienced an "enforcement event" that has led to the appointment of a Receiver to manage Whistlejacket's operations. On February 12, 2008, two nationally recognized statistical rating organizations downgraded the ratings of the medium term notes (Notes) issued by Whistlejacket, including the Notes held by the fund. As a result of the downgrade, the Notes are no longer money fund eligible pursuant to Rule 2a-7 of the 1940 Act. As required under Rule 2a-7, the Board of Trustees of the fund met on February 12, 2008 and, based on the recommendation of the fund's investment adviser, determined that it was not in the best interest of the fund to dispose of the Notes at that time. On February 15, 2008, the Security Trustee of Whistlejacket notified the Fund that an insolvency acceleration event had occurred and as a result the Notes were in default. 5 SCHWAB MONEY MARKET FUND PORTFOLIO HOLDINGS (Unaudited) continued Various inputs are used in determining the value of the fund's investments. These inputs are summarized in the three broad levels listed below: Level 1 - quoted prices in active markets for identical securities Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940. The following is a summary of the inputs used as of March 31, 2008 in valuing the fund's investments carried at value:
INVESTMENTS IN VALUATION INPUTS SECURTIES Level 1 - Quoted Prices $ 0 Level 2 - Other Significant Observable $19,906,912 Level 3 - Significant Unobservable Inputs $ 0 TOTAL $19,906,912
6 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, Randall W. Merk 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) Charles Schwab Family of Funds By: /s/ Randall W. Merk --------------------------------- Randall W. Merk Chief Executive Officer Date: 5/16/2008 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/ Randall W. Merk --------------------------------- Randall W. Merk Chief Executive Officer Date: 5/16/2008 By: /s/ George Pereira --------------------------------- George Pereira Principal Financial Officer Date: 5/16/2008 EX-99.CERT 2 f40994exv99wcert.txt EXHIBIT 99.CERT CERTIFICATIONS I, Randall W. Merk, certify that: 1. I have reviewed this report on Form N-Q of Charles Schwab Family of Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: 5/16/2008 /s/ Randall W. Merk ---------------------------------------- Randall W. Merk President and Chief Executive Officer CERTIFICATIONS I, George Pereira, certify that: 1. I have reviewed this report on Form N-Q of Charles Schwab Family of Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: 5/16/2008 /s/ George Pereira ----------------------------------------- George Pereira Treasurer and Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----