Charles Schwab Investment Management, Inc. announced today that it will begin posting the per-share market value for all of its domestic taxable and tax-free money market funds on a daily basis, beginning later this quarter.

Marie Chandoha, President of Charles Schwab Investment Management. (Photo: Business Wire)

Marie Chandoha, President of Charles Schwab Investment Management. (Photo: Business Wire)

"As one of the largest retail providers of money market funds, we are committed to providing transparency that helps fund shareholders understand their investments," said Marie Chandoha, president, Charles Schwab Investment Management. "While our decision to institute daily reporting of per-share market value was not prompted by a significant number of requests from our clients, we believe this more frequent reporting can serve as an indicator of the stability of our money market products for investors looking for near real-time information."

Chandoha continued, "We also believe it is incumbent upon us to give our clients this information with the context to help them know what it means and how it can be used, and will be developing education materials that explain in straightforward language why these numbers are being disclosed daily, how investors can read and use the data, and why greater transparency benefits investors."

Schwab's money market funds are designed for both short-term investment and longer-term cash investing needs. The funds invest exclusively in U.S. dollar-denominated, high-quality, short-term instruments, including but not limited to securities issued by the federal government, corporations, municipalities, and banks.

The daily disclosure of per-share market values will not impact how Schwab's money market funds are managed, nor will it change the funds' objective to maintain $1.00 stable Net Asset Values (NAVs).

Schwab is the fifth largest manager of money funds in the nation.1

For more information about Schwab Money Market Funds, visit http://www.schwab.com/public/schwab/investing/accounts_products/investment/cds_money_markets/money_market_funds or call 1-800-435-4000.

About Charles Schwab Investment Management

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 $219.3 billion in assets under management as of December 31, 2012. It is among the country's largest money market fund managers and is the third-largest provider of retail index funds.2 In addition to managing Schwab's proprietary funds, CSIM provides oversight for the institutional-style, sub-advised Laudus Fund family. CSIM currently manages 76 mutual funds in addition to two separate account model portfolios, and 15 ETFs.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.6 million corporate retirement plan participants, 857,000 banking accounts, and $1.92 trillion in client assets. The company was ranked 'Highest in Investor Satisfaction With Self-Directed Services' in the 2012 US Self-Directed Investor Satisfaction StudySM from J.D Power and Associates. 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, 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 its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and custody services, banking and lending services and products. Investment products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. More information is available at www.schwab.com and www.aboutschwab.com.

The Charles Schwab Corporation provides services to retirement and other benefit plans and participants through its separate but affiliated companies and subsidiaries: Charles Schwab Bank; Charles Schwab & Co., Inc.; Charles Schwab Investment Management, Inc.; Schwab Retirement Plan Services, Inc; Schwab Retirement Plan Services Company; and Windhaven Investment Management Inc. Trust and custody products and service are offered by Charles Schwab Bank. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC). Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping and related services with respect to retirement plans. Charles Schwab Investment Management, Inc. and Windhaven Investment Management, Inc. are both registered with the Securities and Exchange Commission.

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An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market mutual funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in such funds.

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

Charles Schwab Investment Management, Inc. ('CSIM'), the investment adviser 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.

1 Crane Data LLC, December 31, 2012

2 Strategic Insight, November 2012

Charles Schwab
Alison Wertheim, 415-667-0475
alison.wertheim@schwab.com
or
The Neibart Group
David Neibart, 718-875-4198
dneibart@neibartgroup.com