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0000857156 cik0000857156:C000219265Member cik0000857156:SixtyOneToNinetyDaysMember 2025-12-31 0000857156 cik0000857156:C000219265Member cik0000857156:NinetyOneToOneHundredEightyDaysMember 2025-12-31 0000857156 cik0000857156:C000219265Member cik0000857156:OverOneHundredEightyDaysMember 2025-12-31 0000857156 cik0000857156:VariableRateDemandPreferredSharesMember cik0000857156:C000219265Member 2025-12-31 0000857156 cik0000857156:CommercialPaper1Member cik0000857156:C000219265Member 2025-12-31 0000857156 cik0000857156:PutBondsMember cik0000857156:C000219265Member 2025-12-31 0000857156 cik0000857156:C000219265Member cik0000857156:OneToSevenDaysMember 2025-12-31 0000857156 cik0000857156:C000219265Member cik0000857156:EightToThirtyDaysMember 2025-12-31 0000857156 cik0000857156:C000219265Member cik0000857156:ThirtyOneToSixtyDaysMember 2025-12-31 0000857156 cik0000857156:TenderOptionBondsMember cik0000857156:C000219265Member 2025-12-31 0000857156 us-gaap:VariableRateDemandObligationMember cik0000857156:C000219265Member 2025-12-31 0000857156 cik0000857156:FixedRateNotesMember cik0000857156:C000219265Member 2025-12-31 iso4217:USD pure cik0000857156:Holding false 0000857156 N-1A 0.030 0.098 0.035 0.058 0.031 0.748 0.009 0.043 0.078 0.115 0.224 0.512 0.244 0.204 0.064 0.003 0.007 0.008 0.035 0.058 0.031 0.748 0.003 0.007 0.008 0.009 0.043 0.078 0.030 0.098 0.115 0.224 0.244 0.204 0.064 0.512 0.238 0.321 0.559 0.002 0.091 0.348 0.040 0.733 0.072 0.073 0.046 0.036 0.072 0.091 0.348 0.238 0.321 0.559 0.073 0.046 0.036 0.040 0.733 0.002 0.238 0.321 0.559 0.036 0.040 0.733 0.002 0.091 0.348 0.072 0.073 0.046 1.00 0.187 0.057 0.092 0.079 0.271 0.314 0.271 0.314 0.187 1.00 0.057 0.092 0.079 0.371 0.629 0.629 0.081 0.069 0.014 0.043 0.001 0.792 0.081 0.069 0.014 0.043 0.001 0.792 0.371 0.629 0.629 0.240 0.324 0.564 0.068 0.003 0.090 0.343 0.069 0.054 0.038 0.039 0.732 0.093 0.097 0.202 0.205 0.399 0.022 0.080 0.047 0.065 0.058 0.728 0.043 0.043 0.047 0.122 0.223 0.004 0.022 0.043 0.047 0.122 0.223 0.004 0.093 0.097 0.202 0.205 0.399 0.080 0.047 0.065 0.058 0.728 0.043 0.023 0.085 0.052 0.071 0.044 0.725 0.284 0.326 0.045 0.054 0.090 0.137 0.213 0.008 0.010 0.085 0.090 0.197 0.023 0.085 0.052 0.071 0.044 0.725 0.010 0.085 0.090 0.197 0.284 0.326 0.045 0.054 0.090 0.137 0.213 0.008 0.654 0.028 0.052 0.088 0.103 0.075 0.071 0.125 0.332 0.428 0.005 0.039 0.088 0.052 0.028 0.428 0.332 0.125 0.654 0.075 0.103 0.071 0.039 0.005 0.874 0.011 0.030 0.010 0.004 0.004 0.074 0.034 0.070 0.115 0.364 0.410 0.004 0.074 0.034 0.070 0.030 0.011 0.874 0.010 0.004 0.410 0.364 0.115 N-CSR The Charles Schwab Family of Funds 2025-12-31 Schwab Prime Advantage Money Fund Investor Shares SWVXX <div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2025.</div> annual shareholder report <div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">You can find additional information about the fund at </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">www.schwabassetmanagement.com/prospectus</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">. You can also request </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">this information by calling </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1-866-414-6349</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or by sending an email request to </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">orders@mysummaryprospectus.com</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com This report describes changes to the fund that occurred during the reporting period. <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div></div><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; font-style: normal; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right: 3pt; text-align: left; white-space: nowrap; font-size: 9pt;"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Schwab Prime Advantage Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; width: 16.98pt; letter-spacing: 0px; top: 0px;display:inline;">$35</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; width: 27.11pt; letter-spacing: 0px; top: 0px;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div> 35 0.0034 <div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Statistics</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$394,825</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">734</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$680,601,233</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">26 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">3.61%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">3.59%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">3.67%</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">100.00%</div></div></div></td></tr></table> 394825000000 734 680601233 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;"> <img alt=" " src="g13730g2img489d14023.jpg" style="height:185pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;"> <img alt=" " src="g13730g2imgf29beed12.jpg" style="height:93pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Portfolio holdings may have changed since the report date.</div></div> <div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">FUND CHANGES</div></div></div></div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">This is a summary of certain changes to the fund since January 1, 2025. For more complete information, you may review the fund’s </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">prospectus at </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">www.schwabassetmanagement.com/prospectus</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or upon request by calling </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1-866-414-6349</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or by sending an </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">email request to </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">orders@mysummaryprospectus.com</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">.</div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="line-height:11.0pt;margin-left:9.59pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 8pt; margin-left: -9.59pt; letter-spacing: 0px; top: 0px;display:inline;">■</div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; line-height: 11pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Effective April 28, 2025, the fund’s name changed from Schwab Value Advantage Money Fund</div><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 6.5pt; position: relative; top: -4.25pt; letter-spacing: 0px;display:inline;">®</div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> to Schwab Prime Advantage </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Money Fund.</div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div> <div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">This is a summary of certain changes to the fund since January 1, 2025. For more complete information, you may review the fund’s </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">prospectus at </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">www.schwabassetmanagement.com/prospectus</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or upon request by calling </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1-866-414-6349</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or by sending an </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">email request to </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">orders@mysummaryprospectus.com</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Effective April 28, 2025, the fund’s name changed from Schwab Value Advantage Money Fund</div><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 6.5pt; position: relative; top: -4.25pt; letter-spacing: 0px;display:inline;">®</div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> to Schwab Prime Advantage </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Money Fund.</div> Schwab Prime Advantage Money Fund Ultra Shares SNAXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com This report describes changes to the fund that occurred during the reporting period. <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Prime Advantage Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 19 0.0019 <div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$394,825</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">734</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$680,601,233</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">26 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.76%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.74%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.83%</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">100.00%</div></div></div></td></tr></table> 394825000000 734 680601233 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g3imgb59d23ad3.jpg" style="height:185pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g3img094749ad2.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> <div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND CHANGES</div></div></div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"></div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This is a summary of certain changes to the fund since January 1, 2025. For more complete information, you may review the fund’s </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">prospectus at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or upon request by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"></div></div></div><div style="line-height:11.0pt;margin-left:9.59pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color:#385768;font-family:Arial;font-size:8pt;margin-left:-9.59pt;display:inline;">■</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;line-height:11pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"></div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">Effective April 28, 2025, the fund’s name changed from Schwab Value Advantage Money Fund</div><div style="color:#385768;font-family:Arial;font-size:6.5pt;position:relative;top:-4.25pt;display:inline;">®</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> to Schwab Prime Advantage </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">Money Fund.</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"></div></div></div> <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This is a summary of certain changes to the fund since January 1, 2025. For more complete information, you may review the fund’s </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">prospectus at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or upon request by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">Effective April 28, 2025, the fund’s name changed from Schwab Value Advantage Money Fund</div><div style="color:#385768;font-family:Arial;font-size:6.5pt;position:relative;top:-4.25pt;display:inline;">®</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> to Schwab Prime Advantage </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">Money Fund.</div> Schwab Government Money Fund Sweep Shares SWGXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial;font-size:6pt;line-height:6pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Government Money Fund, Sweep Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$45</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.44%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div><div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div></div> 45 0.0044 <div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$90,564</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">332</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$149,719,184</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">38 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.40%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.39%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.46%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$95,732</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table> 90564000000 332 149719184 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g4imgc1ad74992.jpg" style="height:97pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g4imge52afd0b3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab Government Money Fund Investor Shares SNVXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025</div>. annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Government Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$35</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 35 0.0034 <div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$90,564</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">332</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$149,719,184</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">38 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.50%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.49%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.56%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$95,732</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table> 90564000000 332 149719184 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g5img71c71fba2.jpg" style="height:97pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g5img98a6d63c3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab Government Money Fund Ultra Shares SGUXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Government Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$90,564</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">332</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$149,719,184</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">38 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.65%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.64%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.72%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$95,732</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table> 90564000000 332 149719184 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div> <img alt=" " src="g13730g6img0c6112dc2.jpg" style="height:97pt;width:253pt"/><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g6imgb0020c913.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab U.S. Treasury Money Fund Investor Shares SNSXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab U.S. Treasury Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$35</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div><div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div></div> 35 0.0034 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$100,048</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">76</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$170,018,574</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">50 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.46%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.45%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.52%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$230,149</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table></div> 100048000000 76 170018574 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g7img0419f8cc2.jpg" style="height:97pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g7img281db3b63.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab U.S. Treasury Money Fund Ultra Shares SUTXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab U.S. Treasury Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div><div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$100,048</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">76</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$170,018,574</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">50 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.61%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.60%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.67%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$230,149</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table></div> 100048000000 76 170018574 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g8imgb5de716a2.jpg" style="height:97pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g8img5a20baee3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab Treasury Obligations Money Fund Investor Shares SNOXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Treasury Obligations Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$35</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div><div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div></div> 35 0.0034 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$73,013</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">92</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$136,272,640</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">36 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.49%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.49%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.55%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$227,095</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table></div> 73013000000 92 136272640 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g9img9ff0ea362.jpg" style="height:97pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g9img39da2d113.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab Treasury Obligations Money Fund Ultra Shares SCOXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Treasury Obligations Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div><div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$73,013</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">92</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$136,272,640</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">36 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.64%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.64%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.71%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$227,095</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:205.01pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:49.99pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table></div> 73013000000 92 136272640 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g10img4c5d32cb2.jpg" style="height:97pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g10imgb16653523.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab Retirement Government Money Fund Schwab Retirement Government Money Fund SNRXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Retirement Government Money Fund*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div><div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial Narrow;font-size:6pt;line-height:6pt;display:inline;"> </div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$2,676</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">308</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$4,228,579</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">36 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.65%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.62%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">3.71%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$6,006</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.99%</div></div></div></td></tr></table></div> 2676000000 308 4228579 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g11img6fcbf0ea2.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g11img4da87bf73.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab Municipal Money Fund Investor Shares SWTXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Municipal Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$34</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 34 0.0034 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$19,190</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">1,419</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$31,745,847</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">28 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.73%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.73%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.77%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.95%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$54,809</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">96.41%</div></div></div></td></tr></table></div> 19190000000 1419 31745847 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g12img438ff9de2.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g12img8fc2e3643.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g12imga703a77f4.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:9.0pt;margin-top:3pt;text-align:left"><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div></div> <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g12imga703a77f4.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:9.0pt;margin-top:3pt;text-align:left"><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div></div> Schwab Municipal Money Fund Ultra Shares SWOXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial;font-size:6pt;line-height:6pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab Municipal Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 19 0.0019 <div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$19,190</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">1,419</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$31,745,847</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">28 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.88%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;"><div style="display:inline;">Seven-Day</div> Yield (without <div style="display:inline;">waivers</div>)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.88%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.92%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.95%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$54,809</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">96.41%</div></div></div></td></tr></table> 19190000000 1419 31745847 <div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g13img850bcec72.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g13img2435438d3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g13img78ee99ed4.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> <div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g13img78ee99ed4.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab AMT Tax-Free Money Fund Investor Shares SWWXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report You can find additional information about the fund at <div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab AMT Tax-Free Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$34</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div> 34 0.0034 <div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$4,350</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">737</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$6,326,483</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">29 <div style="display:inline;">Days</div></div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;"><div style="display:inline;">2.72</div>%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day <div style="display:inline;">Yield</div> (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.70%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with <div style="display:inline;">waivers</div>)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.75%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.87%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$14,439</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business <div style="display:inline;">Interest</div> Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">79.52%</div></div></div></td></tr></table></div> 4350000000 737 6326483 <div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g14imgd735a89c2.jpg" style="height:100pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g14imgb66b4ccd3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g14imga8840d824.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g14imga8840d824.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab AMT Tax-Free Money Fund Ultra Shares SCTXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:6.0pt;text-align:left"><div style="color:#385768;font-family:Arial;font-size:6pt;line-height:6pt;display:inline;"> </div><div style="color:#385768;font-family:Arial;font-size:6pt;line-height:6pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab AMT Tax-Free <div style="display:inline;">Money</div> Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect<div style="display:inline;"> for so lon</div>g as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$4,350</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">737</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$6,326,483</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">29 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with <div style="display:inline;">waivers</div>)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.87%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (<div style="display:inline;">without waivers</div>)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;"><div style="display:inline;">2.85</div>%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.91%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.87%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$14,439</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">79.52%</div></div></div></td></tr></table></div> 4350000000 737 6326483 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g15img74313e032.jpg" style="height:100pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g15img0cb9792f3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g15img25fca6c24.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Largest Holdings by State % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g15img25fca6c24.jpg" style="height:103pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab California Municipal Money Fund Investor Shares SWKXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab California Municipal Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$34</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 34 0.0034 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$9,358</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">441</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$16,377,532</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">28 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.25%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.24%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.27%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.69%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$10,133</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">78.14%</div></div></div></td></tr></table> 9358000000 441 16377532 <div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div> <img alt=" " src="g13730g16img3a312be42.jpg" style="height:93pt;width:253pt"/><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g16img2b9bfbb43.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div> Schwab California Municipal Money Fund Ultra Shares SCAXX <div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">2025.</div> annual shareholder report <div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">You can find additional information about the fund at </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">www.schwabassetmanagement.com/prospectus</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">. You can also request </div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">this information by calling </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1-866-414-6349</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or by sending an email request to </div><div style="color: rgb(36, 235, 255); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">orders@mysummaryprospectus.com</div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div></div><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; font-style: normal; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right: 3pt; text-align: left; white-space: nowrap; font-size: 9pt;"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Schwab California Municipal Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; width: 16.98pt; letter-spacing: 0px; top: 0px;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; width: 27.11pt; letter-spacing: 0px; top: 0px;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Statistics</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$9,358</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">441</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$16,377,532</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">28 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">2.40%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">2.39%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">2.43%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">99.69%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,133</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:209.32pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:45.68pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">78.14%</div></div></div></td></tr></table></div> 9358000000 441 16377532 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> <img alt="" src="g13730g17imgb7b697b52.jpg" style="width: 337px; height: 124px;"/> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;"> <img alt=" " src="g13730g17img0efd222a3.jpg" style="height:93pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="line-height:9.0pt;margin-top:3pt;text-align:left"><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Portfolio holdings may have changed since the report date.</div></div></div> Schwab New York Municipal Money Fund Investor Shares SWYXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">. You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab New York Municipal Money Fund, Investor Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$34</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.34%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 34 0.0034 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$3,255</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">390</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$5,024,277</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">26 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.78%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.77%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.82%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.97%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$84,572</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">24.81%</div></div></div></td></tr></table></div> 3255000000 390 5024277 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g18img97e1619a2.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g18imge7f7daab3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:9.0pt;margin-top:3pt;text-align:left"><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div></div> Schwab New York Municipal Money Fund Ultra Shares SNYXX <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">This annual shareholder report contains important information about the fund for the period of January 1, 2025, to December 31, </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">2025.</div> annual shareholder report <div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">You can find additional information about the fund at </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">www.schwabassetmanagement.com/prospectus</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> You can also request </div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">this information by calling </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">1-866-414-6349</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;"> or by sending an email request to </div><div style="color:#24EBFF;font-family:Arial Narrow;font-size:10pt;font-weight:bold;display:inline;">orders@mysummaryprospectus.com</div><div style="color:#385768;font-family:Arial Narrow;font-size:10pt;display:inline;">.</div> www.schwabassetmanagement.com/prospectus 1-866-414-6349 orders@mysummaryprospectus.com <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">FUND COSTS FOR THE LAST year ENDED December 31, 2025 </div><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-style:italic;text-transform:uppercase;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt"> <tr style="height:31pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;"> </div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial;font-size:9pt;margin-left:0.0pt;display:inline;">Schwab New York Municipal Money Fund, Ultra Shares*</div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:16.98pt;display:inline;">$19</div></div></div></div></td> <td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color:#385768;font-family:Arial;font-size:9pt;width:27.11pt;display:inline;">0.19%</div></div></div></div></td></tr></table></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.27pt"><div style="color:#385768;font-family:Arial Narrow;font-size:5pt;position:relative;top:-3.25pt;display:inline;">*</div></div><div style="float:left;line-height:9.0pt;margin-left:4.73pt;text-align:left;width:510.00pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.</div></div></div><div style="clear:both;position:relative"> </div></div> 19 0.0019 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Statistics</div></div></div><div style="color:#385768;font-family:Arial Narrow;font-size:1pt;font-weight:bold;display:inline;"> </div></div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt"> <tr style="height:13.25pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Net Assets (millions)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$3,255</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Number of Holdings</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">390</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$5,024,277</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Weighted Average Maturity</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">26 Days</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.93%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Yield (without waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.92%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Seven-Day Effective Yield (with waivers)</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">2.97%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Tax Exempt Income Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">99.97%</div></div></div></td></tr> <tr style="height:13.5pt"> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Long Term Capital Gain Distribution</div></div></div></td> <td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">$84,572</div></div></div></td></tr> <tr style="height:11.75pt"> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;margin-left:0.0pt;display:inline;">Business Interest Deduction (163j)</div></div></div></td> <td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;display:inline;">24.81%</div></div></div></td></tr></table></div> 3255000000 390 5024277 <div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition by Security Type % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g19img5cd3ed4b2.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color:#FFFFFF;font-family:Arial Narrow;font-size:9pt;font-weight:bold;text-transform:uppercase;display:inline;">Portfolio Composition By Effective Maturity % of Investments</div></div></div></div></div><div style="margin-top:6.00pt;text-align:left"> <img alt=" " src="g13730g19img8de5a70f3.jpg" style="height:93pt;width:253pt"/><div style="color:#385768;font-family:Arial Narrow;font-size:9pt;font-weight:bold;line-height:1pt;display:inline;"> </div></div><div style="line-height:9.0pt;margin-top:3pt;text-align:left"><div style="margin-top:3pt"><div style="color:#385768;font-family:Arial Narrow;font-size:8pt;display:inline;">Portfolio holdings may have changed since the report date.</div></div></div> Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.