The Fund seeks to preserve the value of your investment at $1 per share. The Fund invests in high-quality short-term money market investments issued by U.S. and foreign issuers, such as commercial paper and promissory notes.
Schwab Value Advantage Money Fund – Investor Shares (SWVXX)
This Schwab money market fund invests in high-quality, short-term debt issued by the U.S. and foreign countries. The fund is actively managed to maintain sound credit ratings and high yields. Don't let the higher expense ratio worry you.
SWVXX has an annual dividend of $0.052 per share, with a yield of 5.21%. The dividend is paid every month and the last ex-dividend date was Aug 15, 2024.
Accounts of Charles Schwab & Co., Inc. are insured by SIPC for securities and cash in the event of broker-dealer failure. The Schwab Money Funds are protected as securities by SIPC. Below is a link to information that can be shared with the client at schwab.com.
Schwab has stated that securities will not be borrowed out of any account unless the account is margin-enabled and has a current loan balance. Cash that is not swept into a money market strategy, such as Schwab Value Advantage SNAXX or SWVXX, falls within FDIC coverage as they are bank deposits of Charles Schwab.
Distributions received from the fund will generally be taxable as ordinary income or capital gains, unless you are investing through an IRA, 401(k) or other tax-advantaged account (in which case you may be taxed later, upon withdrawal of your investment from such account).
All investments are subject to market risk, including possible loss of principal. Retail Money Market Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.
Yes, in addition to SIPC, Schwab clients receive an extra level of coverage through "excess SIPC" insurance protection for securities and cash. This helps ensure claims will be covered in the event of a brokerage firm failure and funds covered by SIPC protections are exhausted.
Municipal money market funds invest primarily in tax-exempt securities. Money market funds can be a good fit for investors looking to benefit from the current interest rate environment or saving for a short-term goal. Keep in mind that while the funds are considered low risk, they are not FDIC-insured.
Introduction: My name is Tyson Zemlak, I am a excited, light, sparkling, super, open, fair, magnificent person who loves writing and wants to share my knowledge and understanding with you.
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