SCHW Charles Schwab Corporation

Charles Schwab Investment Management today announced planned 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 October 14, 2016. As such, these funds will continue to seek to maintain a constant net asset value (NAV) of $1.00 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 October 14, 2016:

Previous Name     New Name Schwab Value Advantage Money Fund® - Institutional Shares Schwab Value Advantage Money Fund® - Premier Shares Schwab Value Advantage Money Fund® - Institutional Prime Shares® Schwab Value Advantage Money Fund® - Ultra Shares Schwab Municipal Money Fund™ - Institutional Shares 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 April 14, 2016, and as a result, they will continue to seek to maintain a constant NAV of $1.00 per share. These funds have no plans to adopt a policy to implement liquidity fees or redemption gates at this time.

The changes were announced in a prospectus filed today and in a letter to clients/shareholders posted on the company’s web site.

About Charles Schwab Investment Management, Inc.

Founded in 1989, Charles Schwab Investment Management, Inc. (CSIM), a subsidiary of The Charles Schwab Corporation, is one of the nation's largest asset management companies with more than $269 B in assets under management as of 8/31/15.* It is among the country's largest money market fund managers and is the third-largest provider of retail index funds. In addition to managing Schwab’s proprietary funds, CSIM provides oversight for the sub-advised Laudus Fund family. CSIM currently manages 74 mutual funds in addition to two separate account model portfolios, and 21 exchange-traded funds.*

More information is available at CSIMfunds.com.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.

More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube, and LinkedIn.

Through its operating subsidiaries, The Charles Schwab Corporation (NYSE:SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

DISCLOSURES:

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

An investment in a money market fund is neither insured nor guaranteed by the FDIC or any other government agency. Yields will fluctuate, and, although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. Compared to the total return, the seven-day yield more closely reflects the current earnings of the fund.

Charles Schwab Investment Management, Inc. ("CSIM"), the investment advisor for Schwab's proprietary funds, and Charles Schwab & Co., Inc. ("Schwab"), the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

*Number of Funds and Assets Under Management (AUM) is as of 8/31/2015. CSIM managed approximately $258 B on a discretionary basis and approximately $11 B on a non-discretionary basis.

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Charles SchwabAlison Wertheim, 415-667-0475alison.wertheim@schwab.com