0001193125-19-165148.txt : 20190605 0001193125-19-165148.hdr.sgml : 20190605 20190604173932 ACCESSION NUMBER: 0001193125-19-165148 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190605 DATE AS OF CHANGE: 20190604 EFFECTIVENESS DATE: 20190605 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-31894 FILM NUMBER: 19877840 BUSINESS ADDRESS: STREET 1: 211 MAIN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 1-415-667-7000 MAIL ADDRESS: STREET 1: 211 MAIN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: SCHWAB CHARLES FAMILY OF FUNDS DATE OF NAME CHANGE: 19920703 0000857156 S000004506 Schwab Government Money Fund C000012381 Sweep Shares SWGXX 497 1 d747810d497.htm FORM 497 Form 497

THE CHARLES SCHWAB FAMILY OF FUNDS

Schwab® Government Money Fund — Sweep Shares

(the fund)

Supplement dated June 5, 2019 to the fund’s currently effective Summary Prospectus, Statutory Prospectus

and Statement of Additional Information (SAI)

 

 

This supplement provides new and additional information beyond that contained in the Summary Prospectus, Statutory Prospectus and SAI and should be read in conjunction with the Summary Prospectus, Statutory Prospectus and SAI.

At a meeting held on June 4, 2019, the Board of Trustees of The Charles Schwab Family of Funds approved the reduction of the fund’s sweep administration fee from 0.15% to 0.10% effective July 1, 2019. Accordingly, the following changes to the Summary Prospectus, Statutory Prospectus and SAI are effective July 1, 2019:

Summary Prospectus and Statutory Prospectus

The “Fund Fees and Expenses” table in the Summary Prospectus and in the “Fund Summary” section of the Statutory Prospectus is deleted and replaced in its entirety with the following:

 

Shareholder Fees (fees paid directly from your investment)        
       Sweep
Shares
         None
Annual Fund Operating Expenses (expenses that you pay each year as a % of the value of your investment)        

Management fees

          0.31

Distribution (12b-1) fees

          None

Other expenses1

          0.26
      

 

 

  

Total annual fund operating expenses

          0.57
      

 

 

  

1   The information in the table has been restated to reflect current fees and expenses.

       

The “Expenses on a $10,000 Investment” table in the Summary Prospectus and in the “Fund Summary” section of the Statutory Prospectus is deleted and replaced in its entirety with the following:

 

Expenses on a $10,000 Investment                                
        1 Year      3 Years      5 Years      10 Years

Sweep Shares

        $ 58        $ 183        $ 318        $ 714

Statutory Prospectus

The third sentence of the second paragraph in the “Shareholder Servicing and Sweep Administration Plan” section under the “Investing in the Fund” section is deleted and replaced in its entirety with the following:

Pursuant to the Plan, the fund’s Sweep Shares are subject to an annual sweep administration fee of up to 0.10%.

SAI

The “Sweep Administration Fee” table in the “Shareholder Servicing and Sweep Administration Plan” section under the “Investment Advisory and Other Services” section is deleted and replaced in its entirety with the following:

 

Fund      Sweep Administration Fee

Schwab Government Money Fund — Sweep Shares

      0.10%

 

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

REG107131-00 (06/19)

00231138