Charles Schwab Investment Management announced today a change regarding
its planned reorganization of the Schwab Short-Term Bond Market Fund™
into the Schwab® Short-Term Bond Index Fund and the Schwab Total Bond
Market Fund™ into the Schwab® U.S. Aggregate Bond Index Fund, and
approved the liquidation of both the Schwab Short-Term Bond Market Fund
and Schwab Total Bond Market Fund (the “Funds”).
The Funds were closed to new investors on February 22, 2017, and will be
closed to all purchases and exchanges as of August 16, 2017. Both Funds
will redeem their outstanding shares on or about August 18, 2017 and
distribute proceeds to shareholders.
About Charles Schwab Investment Management
Founded in 1989, Charles Schwab Investment Management, Inc., a
subsidiary of The Charles Schwab Corporation, is one of the nation’s
largest asset management companies, with more than $316B in assets under
management as of 3/31/17. It is among the country’s largest money market
fund managers based on assets under management according to iMoneyNet as
of 3/31/17. It is also the third-largest provider of index mutual funds
and the fifth largest provider of ETFs.*
More information is available at csimfunds.com.
*Source: Strategic Insight, as of 3/31/17; based on assets under
management
About Charles Schwab
At 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.
Disclosures:
Investors should consider carefully information contained in the
prospectus,
or if available, the summary prospectus
, including investment
objectives, risks, charges, and expenses. Please read the prospectus
carefully before investing.
(0417-Y887)
