When you designate one of these funds as the sweep fund on your Schwab account, your uninvested cash balances will be invested in the fundĪccording to the terms and conditions of your account agreement. The third paragraph in the section entitled, ∻uying/Selling Shares on of the Prospectus is deleted and replaced in its entirety with the following: Prospectus and should be read in conjunction with the Prospectus. New and additional information beyond that contained in the Supplement dated January 3, 2018 to the Prospectusĭated April 28, 2017, as supplemented September 28, 2017 PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

The Fund has been liquidated, all references to the Fund will be deleted from the Prospectus and Statement of Additional Information.įunds Prospectus and this supplement is available on the Funds website and the Fund will provide additional information, should it become available, on its website. Shareholders should contact their tax advisors to discuss the potential tax consequences of the liquidation. Redemption, including a mandatory redemption on the Liquidation Date, may constitute a taxable disposition of shares for shareholders who do not hold their shares through tax-advantaged plans (i.e., may constitute a sale that may result in gain or As is the case with other redemptions of Fund shares, each shareholders The liquidation is not expected to be a taxable event for the Fund.

The Funds investment adviser will bear all expensesĪssociated with the liquidation other than transaction costs associated with winding down the Funds portfolio and effective Apthrough the Liquidation Date, the Funds investment adviser will waive the Funds management As a result, the Fund will not be able to achieve its investment objective and willĭeviate from its investment policies during the period as it approaches the Liquidation Date. On or before the Liquidation Date, all portfolio holdings of the Fund will be converted to cash, cash equivalents or other liquid assets. Additionally, the Fund anticipates making a distribution of any taxable dividends and capital gains of the Fund prior to or on the Liquidation Date.Īs the Fund approaches the Liquidation Date, the Fund will wind up its business and affairs, and will cease investing its assets in accordance with its stated Or about May 25, 2018 (the Liquidation Date), and distribute the proceeds to the Funds shareholders in an amount equal to the shareholders proportionate interest in the net assets of the Fund after the Fund has paid or provided forĪll of its charges, taxes, expenses and liabilities. In accordance with the Plan of Liquidation, the Fund will redeem all of its outstanding shares on Liquidation for, Schwab Money Market Fund (the Fund). Read in conjunction with the Summary Prospectus,Īt a meeting held on December 12, 2017, the Board of Trustees of The Charles Schwab Family of Funds approved the liquidation of, and the related Plan of Prospectus, Prospectus and SAI and should be Supplement provides new and additional information beyond that contained in the Summary

Statement of Additional Information (SAI) dated April 28, 2017,Īs supplemented Septemand November 20, 2017 Prospectus dated April 28, 2017, as supplemented September 28, 2017, and the Supplement dated Januto the Summary Prospectus, dated September 28, 2017, and the

Schwab cash sweep