Mutual fund fees and costs

1. Industry OERs obtained from Morningstar Direct, as reflected on 12/31/23. Includes OERs from all funds registered in the U.S., excluding money market funds and fund of funds. OERs are net expense ratios, and may not take into account the impact of fee cuts or fee increases that occurred since the prospectus was last filed.
2. Schwab Asset Management™ is the dba name for Charles Schwab Investment Management, Inc., the investment adviser for Schwab Funds. Schwab Funds are distributed by Charles Schwab & Co., Inc. (Schwab), Member SIPC. Schwab Asset Management and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
3. Asset-weighted average expense ratio is based on assets as of 12/31/23. An asset-weighted average basis is used to give more weight to funds with greater assets. It reflects where investors are actually putting their assets, and thus, better reflects the actual expenses by investors than does a simple average (weighting each fund equally).
4. Trades in no-load mutual funds available through the Mutual Fund OneSource service (including Schwab Funds), as well as certain other funds, are available without transaction fees. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading.
Charles Schwab & Co., Inc., Member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.
5. Based on competitor pricing information obtained from their respective websites as of 1/3/24: Fidelity, E*Trade, TD Ameritrade, and Vanguard. Competitor pricing and offers subject to change without notice.
6. Please be aware that transaction fees may apply to certain no-load funds that do not participate in Schwab's Mutual Fund OneSource platform. Such funds are subject to Schwab's standard transaction fees, in addition to any redemption fees imposed by the fund. See the Charles Schwab Pricing Guide for details. Get more details about Schwab Mutual Funds.

† An increased transaction fee applies to purchases made by self-directed Retail clients of funds from certain fund families that do not pay Schwab for recordkeeping, shareholder, and other administrative services on fund shares held by self-directed Retail clients; however, Schwab may receive compensation on fund shares held by other client segments. For more information and to identify any applicable transaction fees associated with purchasing a given fund, please refer to the Fund Facts & Fees tab on the individual fund page on Schwab.com.