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Announcement

Charles Schwab Investment Management changes MMF line-up

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Charles Schwab Investment Management is making changes to its money market fund line-up to address new SEC regulations.

All Schwab Prime and Municipal Money Market Funds plan to qualify as retail money market funds by 14 October, 2016. As such, the funds will continue to seek to maintain a constant net asset value (NAV) of USD1.00 per share, and will be subject to potential liquidity fees and redemption gates in times of extreme market volatility.
 
Additionally, three Schwab Money Market Fund share classes have been renamed to reflect that these funds plan to qualify as retail money market funds by 14 October, 2016.
 
The name changes are as follows:
 
Schwab Value Advantage Money Fund – Institutional Shares will become Schwab Value Advantage Money Fund – Premier Shares
 
Schwab Value Advantage Money Fund – Institutional Prime Shares will become Schwab Value Advantage Money Fund – Ultra Shares
 
Schwab Municipal Money Fund – Institutional Shares will become Schwab Municipal Money Fund – Premier Shares
 
Schwab’s Government Money Funds and the Schwab Money Market Portfolio will be officially designated as government money market funds under the SEC’s new definition of such funds on 14 April, 2016, and as a result, they will continue to seek to maintain a constant NAV of USD1.00 per share. These funds have no plans to adopt a policy to implement liquidity fees or redemption gates at this time.

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