Money Market Fund Reform Resource Center


Our Approach to Money Market Reform


In July 2014, the Securities and Exchange Commission (SEC) made amendments to the rules that govern money market funds (Money Market Fund Reform). Since the SEC’s announcement, we have spent a significant amount of time discussing the impact of the new regulations. Money market funds represent the largest pool of client assets managed by Charles Schwab Investment Management (CSIM), and transparency and clarity are extremely important to us, especially when it comes to understanding how these changes will impact our shareholders.

Schwab’s money market funds primarily serve the needs of “retail” investors. This position is relatively unique to Schwab, and we believe that the majority of our clients are not meaningfully impacted by the Money Market Fund Reform Rules. For shareholders who are affected, we continue to offer a variety of investment options and a robust product lineup that includes Prime, Variable Share Price Prime, Municipal, and Government Money Market Funds. Please note that the changes necessary to comply with the SEC rules relating to Variable Net Asset Value (NAV), Liquidity Fees, and Redemption Gates, went into effect in October 2016.

The resources on this page represent responses to some of the most frequently asked questions we have received regarding Money Market Fund Reform. We encourage you to check here for updates, as more information becomes available.

Rick Holland, Vice President, Head Money Market Fund Portfolio Strategists

Resources

Documents


April 14, 2016
What You Should Know

October 14, 2016
Money Market Fund Reform FAQs

January 20, 2016
Enhanced Money Market Funds Reporting FAQs

July 14, 2015
Form NC-R FAQs

May 1, 2014
Schwab Makes Ready for Reform

Audio/Video Presentations

August 8, 2016
Liquidity Fees and Redemption Gates

October 14, 2016
Eligibility for Registered Investment Advisors

October 14, 2016
Eligibility for 401k Plan Participants

October 14, 2016
Eligibility for Individual Investors


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