Label

Element

Value

CHARLES SCHWAB FAMILY OF FUNDS | Schwab Government Money Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement to Prospectus [Text Block]

rr_SupplementToProspectusTextBlock

THE CHARLES SCHWAB FAMILY OF FUNDS

Schwab® Municipal Money Fund

Schwab® AMT Tax-Free Money Fund

Schwab® California Municipal Money Fund

Schwab® New York Municipal Money Fund

(collectively, the Schwab Municipal Money Funds)

Schwab® Government Money Fund

Schwab® Retirement Government Money Fund

Schwab® Treasury Obligations Money Fund

Schwab® U.S. Treasury Money Fund

Schwab Value Advantage Money Fund®

(collectively, the Schwab Money Funds)

Schwab® Variable Share Price Money Fund

SCHWAB ANNUITY PORTFOLIOS

Schwab® Government Money Market Portfolio

(each, a fund and collectively, the funds)

Supplement dated October 2, 2023 to each fund’s currently effective Statutory Prospectus
and Statement of Additional Information (SAI)

This supplement provides information regarding certain changes the funds will be making in connection with amendments adopted by the U.S. Securities and Exchange Commission to Rule 2a-7 and other rules governing money market funds under the Investment Company Act of 1940, as amended (the Amendments). In addition, this supplement provides information regarding certain changes Schwab U.S. Treasury Money Fund will be making in connection with investing in repurchase agreements.

Changes in Connection with the Amendments: Removal of Redemption Gates and Removal of the Tie between Liquidity Fees and Liquidity Thresholds.

The Amendments remove provisions in Rule 2a-7 that permit a money market fund to impose a temporary redemption gate. The Amendments also remove provisions in Rule 2a-7 that tie a money market fund’s ability to impose liquidity fees to its level of weekly liquid assets. Accordingly, effective October 2, 2023, the Statutory Prospectuses and SAIs are updated as follows:

Statutory Prospectuses

(3)

For the Schwab U.S. Treasury Money Fund, Schwab Government Money Fund and Schwab Retirement Government Money Fund:

Under the “Principal Investment Strategies” section: The sixth paragraph is deleted and replaced in its entirety with the following:

As a government money market fund, the fund’s Board of Trustees (the Board) has determined not to subject the fund to a liquidity fee on fund redemptions. Please note that the Board has reserved its ability to change this determination with respect to liquidity fees, but only after providing appropriate prior notice to shareholders.

Risk/Return [Heading]

rr_RiskReturnHeading

Schwab® Government Money Fund

Strategy Narrative [Text Block]

rr_StrategyNarrativeTextBlock

(3)

For the Schwab U.S. Treasury Money Fund, Schwab Government Money Fund and Schwab Retirement Government Money Fund:

Under the “Principal Investment Strategies” section: The sixth paragraph is deleted and replaced in its entirety with the following:

As a government money market fund, the fund’s Board of Trustees (the Board) has determined not to subject the fund to a liquidity fee on fund redemptions. Please note that the Board has reserved its ability to change this determination with respect to liquidity fees, but only after providing appropriate prior notice to shareholders.