Fund |
Current Management Fee 1 |
New Management Fee |
Current Expense Cap |
New Expense Cap | ||||||||||||||||
Schwab Municipal Money Fund – Investor Shares |
0.32 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab Municipal Money Fund – Ultra Shares |
0.32 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab AMT Tax-Free Money Fund - Investor Shares |
0.34 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab AMT Tax-Free Money Fund – Ultra Shares |
0.34 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab California Municipal Money Fund - Investor Shares |
0.33 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab California Municipal Money Fund – Ultra Shares |
0.33 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab New York Municipal Money Fund - Investor Shares |
0.34 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab New York Municipal Money Fund – Ultra Shares |
0.34 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab Government Money Fund – Sweep Shares |
0.31 | % | 0.19 | % | 0.70 | % | 0.44 | % | ||||||||||||
Schwab Government Money Fund – Investor Shares |
0.31 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab Retirement Government Money Fund |
0.34 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab Treasury Obligations Money Fund – Investor Shares |
0.32 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab U.S. Treasury Money Fund – Investor Shares |
0.33 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab Value Advantage Money Fund – Investor Shares |
0.27 | % | 0.19 | % | 0.35 | % | 0.34 | % | ||||||||||||
Schwab Value Advantage Money Fund – Ultra Shares |
0.27 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab Variable Share Price Money Fund – Ultra Shares |
0.33 | % | 0.19 | % | 0.19 | % | 0.19 | % | ||||||||||||
Schwab Government Money Market Portfolio |
0.35 | % | 0.19 | % | 0.35 | % | 0.34 | % |
1 |
Under the advisory agreement the graduated annual fee is 0.35% for the first $1 billion of average daily net assets, 0.32% for more than $1 billion but not exceeding $10 billion, 0.30% for more than $10 billion but not exceeding $20 billion, and 0.27% for more than $20 billion but not exceeding $40 billion, and 0.25% for more than $40 billion. |
1. |
Schwab Municipal Money Fund |
Shareholder Fees | ||||||||||
Investor Shares |
Ultra Shares | |||||||||
Annual Fund Operating Expenses 1 | ||||||||||
Management fees |
||||||||||
Distribution (12b-1) fees |
||||||||||
Other expenses |
||||||||||
Total annual fund operating expenses |
||||||||||
Less expense reduction |
( |
) | ( |
) | ||||||
Total annual fund operating expenses after expense reduction 2 |
||||||||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of each share class to 0.34% for Investor Shares and 0.19% for Ultra Shares for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||||||||||||||||
1 Year |
3 Years |
5 Years |
10 Years | |||||||||||||||||
Investor Shares |
$ | $ | $ | $ | ||||||||||||||||
Ultra Shares |
$ | $ | $ | $ |
2. | Schwab AMT Tax-Free Money Fund |
Shareholder Fees | ||||||||||
Investor Shares |
Ultra Shares | |||||||||
Annual Fund Operating Expenses 1 | ||||||||||
Management fees |
||||||||||
Distribution (12b-1) fees |
||||||||||
Other expenses |
2 | |||||||||
Total annual fund operating expenses |
||||||||||
Less expense reduction |
( |
) | ( |
) | ||||||
Total annual fund operating expenses after expense reduction 3 |
||||||||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
“Other expenses” is based on estimated amounts for the current fiscal year, as the Ultra Shares of the fund had not commenced operations as of the date of this prospectus. |
3 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of each share class to 0.34% for Investor Shares and 0.19% for Ultra Shares for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||||||||||||||||
1 Year |
3 Years |
5 Years |
10 Years | |||||||||||||||||
Investor Shares |
$ | $ | $ | $ | ||||||||||||||||
Ultra Shares |
$ | $ | $ | $ |
3. | Schwab California Municipal Money Fund |
Shareholder Fees | ||||||||||
Investor Shares |
Ultra Shares | |||||||||
Annual Fund Operating Expenses 1 | ||||||||||
Management fees |
||||||||||
Distribution (12b-1) fees |
||||||||||
Other expenses |
2 | |||||||||
Total annual fund operating expenses |
||||||||||
Less expense reduction |
( |
) | ( |
) | ||||||
Total annual fund operating expenses after expense reduction 3 |
||||||||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
“Other expenses” is based on estimated amounts for the current fiscal year, as the Ultra Shares of the fund had not commenced operations as of the date of this prospectus. |
3 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of each share class to 0.34% for Investor Shares and 0.19% for Ultra Shares for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||||||||||||||||
1 Year |
3 Years |
5 Years |
10 Years | |||||||||||||||||
Investor Shares |
$ | $ | $ | $ | ||||||||||||||||
Ultra Shares |
$ | $ | $ | $ |
4. | Schwab New York Municipal Money Fund |
Shareholder Fees | ||||||||||
Investor Shares |
Ultra Shares | |||||||||
Annual Fund Operating Expenses 1 | ||||||||||
Management fees |
||||||||||
Distribution (12b-1) fees |
||||||||||
Other expenses |
2 | |||||||||
Total annual fund operating expenses |
||||||||||
Less expense reduction |
( |
) | ( |
) | ||||||
Total annual fund operating expenses after expense reduction 3 |
||||||||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
“Other expenses” is based on estimated amounts for the current fiscal year, as the Ultra Shares of the fund had not commenced operations as of the date of this prospectus. |
3 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of each share class to 0.34% for Investor Shares and 0.19% for Ultra Shares for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||||||||||||||||
1 Year |
3 Years |
5 Years |
10 Years | |||||||||||||||||
Investor Shares |
$ | $ | $ | $ | ||||||||||||||||
Ultra Shares |
$ | $ | $ | $ |
5. | Schwab Government Money Fund – Sweep Shares |
Shareholder Fees |
|||||
Sweep Shares | |||||
Annual Fund Operating Expenses 1 | |||||
Management fees |
|||||
Distribution (12b-1) fees |
|||||
Other expenses |
|||||
Total annual fund operating expenses |
|||||
Less expense reduction |
( |
) | |||
Total annual fund operating expenses after expense reduction 2 |
|||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the Sweep Shares to 0.44% for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment |
||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
6. | Schwab Government Money Fund – Investor Shares |
Shareholder Fees |
|||||
Investor Shares | |||||
Annual Fund Operating Expenses 1 | |||||
Management fees |
|||||
Distribution (12b-1) fees |
|||||
Other expenses |
|||||
Total annual fund operating expenses |
|||||
Less expense reduction |
( |
) | |||
Total annual fund operating expenses after expense reduction 2 |
|||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the Investor Shares to 0.34% for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment |
||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
7. | Schwab Retirement Government Money Fund |
Shareholder Fees |
|||||
Annual Fund Operating Expenses 1 | |||||
Management fees |
|||||
Distribution (12b-1) fees |
|||||
Other expenses |
|||||
Total annual fund operating expenses |
|||||
Less expense reduction |
( |
) | |||
Total annual fund operating expenses after expense reduction 2 |
|||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the fund to 0.19% for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment |
||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
8. | Schwab Treasury Obligations Money Fund |
Shareholder Fees |
|||||
Investor Shares | |||||
Annual Fund Operating Expenses 1 | |||||
Management fees |
|||||
Distribution (12b-1) fees |
|||||
Other expenses |
|||||
Total annual fund operating expenses |
|||||
Less expense reduction |
( |
) | |||
Total annual fund operating expenses after expense reduction 2 |
|||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the Investor Shares to 0.34% for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment |
||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
9. | Schwab U.S. Treasury Money Fund |
Shareholder Fees | |||||
Investor Shares | |||||
Annual Fund Operating Expenses 1 | |||||
Management fees |
|||||
Distribution (12b-1) fees |
|||||
Other expenses |
|||||
Total annual fund operating expenses |
|||||
Less expense reduction |
( |
) | |||
Total annual fund operating expenses after expense reduction 2 |
|||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the Investor Shares to 0.34% for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
10. | Schwab Value Advantage Money Fund |
Shareholder Fees |
||||||||||
Investor Shares |
Ultra Shares | |||||||||
Annual Fund Operating Expenses 1 | ||||||||||
Management fees |
||||||||||
Distribution (12b-1) fees |
||||||||||
Other expenses |
2 | |||||||||
Total annual fund operating expenses 3 |
||||||||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
Amount is less than 0.005%. |
3 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of each share class to 0.34% for Investor Shares and 0.19% for Ultra Shares for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||||
1 Year |
3 Years |
5 Years |
10 Years | |||||
Investor Shares | $ |
$ |
$ |
$ | ||||
Ultra Shares | $ |
$ |
$ |
$ |
11. | Schwab Variable Share Price Money Fund |
Shareholder Fees | |||||
Ultra Shares | |||||
Annual Fund Operating Expenses 1 | |||||
Management fees |
|||||
Distribution (12b-1) fees |
|||||
Other expenses |
|||||
Total annual fund operating expenses |
|
( |
) | ||
Less expense reduction | |||||
Total annual fund operating expenses after expense reduction 2 |
|||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
2 |
The investment adviser and its affiliates have agreed to limit the total annual fund operating expenses (excluding interest, taxes and certain non-routine expenses) of the Ultra Shares to 0.19% for so long as the investment adviser serves as the adviser to the fund (contractual expense limitation agreement). This contractual expense limitation agreement may only be amended or terminated with the approval of the fund’s Board of Trustees. |
Expenses on a $10,000 Investment | ||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
12. | Schwab Government Money Market Portfolio |
Shareholder Fees | |||||
None |
Annual Fund Operating Expenses 1 | |||||
Management fees |
0.19 | ||||
Distribution (12b-1) fees |
None | ||||
Other expenses |
0.12 | ||||
Total annual fund operating expenses |
0.31 |
||||
1 |
The information in the table has been restated to reflect current fees and expenses. |
Expenses on a $10,000 Investment | ||||||
1 Year |
3 Years |
5 Years |
10 Years | |||
$32 | $100 | $174 | $393 |
13. | The second and third paragraphs under the “Fund Management” section on page 22 of the Schwab Municipal Money Funds statutory prospectus is deleted in its entirety and replaced with the following: |
14. | The second and third paragraphs under the “Fund Management” section on page 6 of the Schwab Government Money Fund-Sweep Shares statutory prospectus is deleted in its entirety and replaced with the following: |
15. | The second and third paragraphs under the “Fund Management” section on page 24 of the Schwab Value Advantage Money Fund, Schwab Government Money Fund, Schwab Treasury Obligations Money Fund, Schwab Retirement Government Money Fund and Schwab U.S. Treasury Money Fund (collectively, the Schwab Money Funds) statutory prospectus is deleted in its entirety and replaced with the following: |
16. | The second and third paragraphs under the “Fund Management” section on page 7 of the Schwab Variable Share Price Money Fund statutory prospectus is deleted in its entirety and replaced with the following: |
17. | The second and third paragraphs under the “Fund Management” section on page 7 of the Schwab Government Money Market Portfolio statutory prospectus is deleted in its entirety and replaced with the following: |
18. | The third paragraph under the “Advisory Agreement” sections on page 26 of the Schwab Municipal Money Funds, page 21 of the Schwab Government Money Fund-Sweep Shares, page 21 of the Schwab Money Funds, page 18 of the Schwab Variable Share Price Money Fund and page 15 of the Schwab Government Money Market Portfolio SAIs is deleted in its entirety and replaced with the following: |
19. | The fifth paragraph under the “Advisory Agreement” section on page 27 of the Schwab Municipal Money Funds SAI is replaced in its entirety with the following: |
Fund |
Expense Cap | ||||
Schwab AMT Tax-Free Money Fund – Investor Shares |
0.34% | ||||
Schwab AMT Tax-Free Money Fund – Ultra Shares |
0.19% | ||||
Schwab Municipal Money Fund – Investor Shares |
0.34% | ||||
Schwab Municipal Money Fund – Ultra Shares |
0.19% | ||||
Schwab California Municipal Money Fund – Investor Shares |
0.34% | ||||
Schwab California Municipal Money Fund – Ultra Shares |
0.19% | ||||
Schwab New York Municipal Money Fund – Investor Shares |
0.34% | ||||
Schwab New York Municipal Money Fund – Ultra Shares |
0.19% |
20. | The fifth paragraph under the “Advisory Agreement” section on page 21 of the Schwab Money Funds SAI is replaced in its entirety with the following: |
Fund |
Expense Cap | ||||
Schwab Value Advantage Money Fund – Investor Shares |
0.34% | ||||
Schwab Value Advantage Money Fund – Ultra Shares |
0.19% | ||||
Schwab Government Money Fund – Sweep Shares |
0.44% | ||||
Schwab Government Money Fund – Investor Shares |
0.34% | ||||
Schwab Treasury Obligations Money Fund – Investor Shares |
0.34% | ||||
Schwab Retirement Government Money Fund |
0.19% | ||||
Schwab U.S. Treasury Money Fund – Investor Shares |
0.34% |
21. | The fourth paragraph under the “Advisory Agreement” section on page 15 of the Schwab Government Money Market Portfolio SAI is deleted and replaced in its entirety with the following: |