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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab Government Money Fund

SNVXX | Fund

$1.00

$2.39 B

4.39%

$0.04

0.35%

Vitals

YTD Return

4.7%

1 yr return

5.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

2.1%

Net Assets

$2.39 B

Holdings in Top 10

54.4%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab Government Money Fund

SNVXX | Fund

$1.00

$2.39 B

4.39%

$0.04

0.35%

SNVXX - Profile

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Schwab Government Money Fund
  • Fund Family Name
    SCHFLFSETF
  • Inception Date
    Jan 21, 2015
  • Shares Outstanding
    6228909809
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

To pursue its goal, the fund invests in U.S. government securities, such as:
•
U.S. Treasury bills and notes
​
•
other obligations that are issued by the U.S. government, its agencies or instrumentalities, including obligations that are not fully guaranteed by the U.S. Treasury, such as those issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Banks
​
•
repurchase agreements that are collateralized fully by cash and/ or U.S. government securities
​
•
obligations that are issued by private issuers that are guaranteed as to principal or interest by the U.S. government, its agencies or instrumentalities
​
The fund intends to operate as a government money market fund under the regulations governing money market funds. The fund will invest at least 99.5% of its total assets in cash, U.S. government securities and/or repurchase agreements that are collateralized fully by cash and/or U.S. government securities; under normal circumstances, at least 80% of the fund’s net assets (including, for this purpose, any borrowings for investment purposes) will be invested solely in U.S. government securities including repurchase agreements that are collateralized fully by U.S. government securities (excluding cash). With respect to the 80% policy, the fund will notify its shareholders at least 60 days before changing the policy.
In choosing securities, the fund’s manager seeks to maximize current income within the limits of the fund’s investment objective and credit, maturity and diversification policies. Some of these policies may be stricter than the federal regulations that apply to all money market funds.
The investment adviser’s credit research department analyzes and monitors the securities that the fund owns or is considering buying. The manager may adjust the fund’s holdings or its average maturity based on actual or anticipated changes in credit quality or market dynamics, such as interest rates. To preserve its investors’ capital, the fund seeks to maintain a stable $1.00 share price.
Although the income from U.S. Treasury securities is exempt from state and local income taxes, the fund invests in non-U.S. Treasury investments, which include repurchase agreements, that are not exempt from state and local income taxes. Further, during unusual market conditions, the fund may invest a greater portion of its assets in investments that are not exempt from state and local income taxes as a temporary defensive measure.
For temporary defensive purposes during unusual market conditions, the fund may invest up to 100% of its assets in cash, cash equivalents or other high quality short-term investments.
As a government money market fund, the fund’s Board of Trustees (the Board) has determined not to subject the fund to a liquidity fee on fund redemptions. Please note that the Board has reserved its ability to change this determination with respect to liquidity fees, but only after providing appropriate prior notice to shareholders.
Read More

SNVXX - Performance

Return Ranking - Trailing

Period SNVXX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 0.5% 9.5% 2.97%
1 Yr 5.1% 0.5% 10.0% 3.71%
3 Yr N/A* 0.7% 5.1% 38.72%
5 Yr 2.1%* 0.5% 110.7% 35.16%
10 Yr N/A* 0.4% 32.4% N/A

* Annualized

Return Ranking - Calendar

Period SNVXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 38.83%
2022 0.0% 0.0% 1.2% 39.74%
2021 N/A 0.0% 0.0% 34.97%
2020 N/A 0.0% 0.4% 36.14%
2019 0.0% 0.0% 2.0% 40.57%

Total Return Ranking - Trailing

Period SNVXX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 0.5% 9.5% 2.97%
1 Yr 5.1% 0.5% 10.0% 3.71%
3 Yr N/A* 0.7% 5.1% 38.72%
5 Yr 2.1%* 0.5% 110.7% 35.16%
10 Yr N/A* 0.4% 32.4% N/A

* Annualized

Total Return Ranking - Calendar

Period SNVXX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% 0.8% 5.9% 20.30%
2022 1.2% 0.0% 1.7% 51.17%
2021 N/A 0.0% 1.9% 34.97%
2020 N/A 0.0% 3.0% 26.51%
2019 1.8% 0.0% 3797.9% 60.06%

NAV & Total Return History

SNVXX - Holdings

Concentration Analysis

SNVXX Category Low Category High SNVXX % Rank
Net Assets 2.39 B 818 K 211 B 20.05%
Number of Holdings 164 1 346 5.96%
Net Assets in Top 10 19.4 B 147 K 163 B 35.48%
Weighting of Top 10 54.42% 22.7% 100.0% 69.39%

Top 10 Holdings

  1. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  2. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  3. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  4. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  5. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  6. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  7. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  8. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  9. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%
  10. Tri-Party Federal Reserve Bank Repo - 01oct21 42.65%

Asset Allocation

Weighting Return Low Return High SNVXX % Rank
Cash 		77.88% 25.56% 100.00% 40.84%
Bonds 		22.12% 0.00% 74.44% 57.18%
Stocks 		0.00% 0.00% 0.00% 39.85%
Preferred Stocks 		0.00% 0.00% 0.00% 39.85%
Other 		0.00% -1.67% 0.04% 39.85%
Convertible Bonds 		0.00% 0.00% 21.22% 44.55%

Bond Sector Breakdown

Weighting Return Low Return High SNVXX % Rank
Cash & Equivalents 		77.88% 0.00% 100.00% 38.61%
Government 		20.26% 0.00% 44.01% 67.57%
Municipal 		1.47% 0.00% 22.71% 2.72%
Corporate 		0.39% 0.00% 100.00% 14.36%
Derivative 		0.00% 0.00% 0.00% 39.60%
Securitized 		0.00% 0.00% 1.75% 41.58%

Bond Geographic Breakdown

Weighting Return Low Return High SNVXX % Rank
US 		22.12% 0.00% 72.86% 57.18%
Non US 		0.00% 0.00% 3.41% 41.09%

SNVXX - Expenses

Operational Fees

SNVXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.07% 2.23% 54.70%
Management Fee 0.19% 0.03% 0.50% 69.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% 78.10%

Sales Fees

SNVXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SNVXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SNVXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

SNVXX - Distributions

Dividend Yield Analysis

SNVXX Category Low Category High SNVXX % Rank
Dividend Yield 4.39% 0.00% 5.42% 93.56%

Dividend Distribution Analysis

SNVXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SNVXX Category Low Category High SNVXX % Rank
Net Income Ratio 0.02% -1.09% 1.67% 21.27%

Capital Gain Distribution Analysis

SNVXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

SNVXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Apr 30, 2007

15.1

15.1%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.23 19.01

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