Laudus Group to Launch New International Equity and Global Equity Funds

Two New Funds Give Independent Advisors and Individual Investors Access to Renowned UK-based Money Manager

Tuesday, June 17, 2008 7:00 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NASDAQ:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) is further expanding its relationship with Mondrian Investment Partners Limited by adding new international equity and global equity funds to the Laudus Mondrian fund lineup.

The Laudus Mondrian International Equity Fund [LIEQX] will invest primarily in large-capitalization equity securities of developed international companies. The Laudus Mondrian Global Equity Fund [LGEQX] will invest primarily in securities of both U.S. and non-U.S. issuers, and may also invest in emerging markets companies. The funds will be available beginning June 17th.

Both international and global equity are successful and long-standing capabilities at Mondrian, and large institutions around the world have benefited from their expertise in these areas, said David Hogan, Client Portfolio Manager at Charles Schwab Investment Management, Inc. With the launch of these new Laudus Mondrian funds, we can offer that expertise to RIAs and individual investors, giving them access to high-quality managers who strive to uncover value wherever it is around the world.

Mondrian manages more than $60 billion in assets (as of 3/31/08) and has been investing in international markets on behalf of major institutions since 1990. The managers follow a fundamental, value-oriented, defensive investment philosophy that seeks real return while managing risk.

CSIM began its relationship with Mondrian in November 2007 with the Laudus Mondrian Emerging Markets Fund and the Laudus Mondrian International Fixed Income Fund.

Each fund will be available in three share classes: an Investor class with an initial minimum investment of $100 and a net expense ratio of 1.40%, a Select class with a minimum initial investment of $50,000 and net expense ratio of 1.12% and an Institutional class with a minimum $500,000 investment and net expense ratio of 1.05%.

For more information on the Laudus Mondrian Funds, go to www.laudus.com or call 877-252-8387. A white paper titled Global Equity Investing: Exploring New Opportunities is also available at this link.

About Laudus Funds

The Laudus Group was formed by Charles Schwab Investment Management, Inc. in 2003 to provide greater access to leading institutional portfolio managers. The Laudus Funds consist of three groups: The Laudus Rosenberg Funds are sub-advised by AXA Rosenberg, while the Laudus MarketMasters Funds are a series of multi-manager, "best-in-class" funds. The Laudus Mondrian Funds are sub-advised by Mondrian Investment Partners Limited. More information is available at www.laudus.com.

About Mondrian Investment Partners Limited

Mondrian Investment Partners Limited is a London-based international investment specialist that manages over $60 billion in assets worldwide. They apply a consistent value-oriented, defensive philosophy across all of their strategies, and manage a significant proportion of their assets for U.S. based institutional investors. Traditionally, Mondrian has made its investment management services available to governments, large institutions and high net worth individuals, serving some of the largest pension funds and endowments in the U.S.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.2 million client brokerage accounts, 1.3 million corporate retirement plan participants, 344,000 banking accounts, and $1.5 trillion in client assets. Through its operating subsidiaries, the company 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, http://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; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.

Investors should consider carefully information contained in the prospectus including investment objectives, risks, charges and expenses. To request a prospectus, visit schwab.com/laudusfunds or call 877-252-8387. Please read the prospectus carefully before investing.

The Laudus Funds include the Laudus Rosenberg Funds and Laudus Mondrian Funds, which are part of the Laudus Trust and distributed by ALPS Distributors, Inc.; and the Laudus MarketMasters Funds, which are part of the Schwab Capital Trust and distributed by Charles Schwab & Co., Inc. Charles & Schwab & Co. and ALPS Distributors, Inc. are unaffiliated entities.

An investment in the Fund involves risk, including loss of principal. There are risks associated with investing in foreign companies, such as erratic market conditions, economic and political instability and fluctuations in currency and exchange rates. Investing in emerging markets accentuates these risks.

©2008 Charles Schwab & Co., Inc. Member SIPC. LAU001544-63009 MKT4254500 (06/08)

Contact:

Charles Schwab
Sondra Harris, 415-636-3292
sondra.harris@schwab.com
or
SunStar
Amiee Watts, 703-894-1042
awatts@isunstar.com

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