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Name

As of 11/21/2024

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 California Municipal Money Fund

SWKXX | Fund

$1.00

$4.38 B

1.42%

$0.01

0.35%

Vitals

YTD Return

2.7%

1 yr return

2.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

1.2%

Net Assets

$4.38 B

Holdings in Top 10

14.3%

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 11/21/2024

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 California Municipal Money Fund

SWKXX | Fund

$1.00

$4.38 B

1.42%

$0.01

0.35%

SWKXX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Schwab California Municipal Money Fund
  • Fund Family Name
    SCHFLFSETF
  • Inception Date
    Dec 15, 1999
  • Shares Outstanding
    2100918928
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

To pursue its goal, the fund invests in money market securities from California issuers and from municipal agencies, U.S. territories
and possessions. These securities may include general obligation issues, which typically are backed by the issuer’s ability to levy taxes; revenue bonds, which typically are backed by a stream of revenue from a given source, such as a public water system or hospital; municipal commercial paper and municipal notes; and municipal leases, which may be used to finance construction or equipment purchases. The fund may invest more than 25% of its total assets in municipal securities financing similar projects such as those relating to education, health care, transportation, utilities, industrial development and housing. Under normal circumstances, the fund will invest at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal money market securities the interest from which is exempt from federal and California personal income tax. Up to 20% of the fund’s net assets may be invested in securities subject to federal income tax and/or California personal income tax, such as non-California municipal obligations, government securities or repurchase agreements. When the fund makes such investments, a higher portion of the fund’s distributions will likely be subject to federal income tax and/or California personal income tax.
The fund may purchase certain variable-rate demand securities issued by closed-end municipal bond funds, which, in turn, invest primarily in portfolios of California tax-exempt municipal bonds. It is anticipated that the interest on the variable-rate demand securities will be exempt from federal income tax and California personal income tax. These securities are considered “municipal money market securities” for purposes of the fund’s 80% investment policy stated above.
Many of the fund’s securities will be subject to credit or liquidity enhancements from U.S. and/or non-U.S. entities, which are designed to provide incremental levels of creditworthiness or liquidity. Some municipal securities have been structured to resemble variable- and floating-rate securities so that they meet the requirements for being considered money market instruments.
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 by operating as a “retail money market fund,” as such term is defined or interpreted under the rules governing money market funds.
As a temporary defensive position, the investment adviser may invest any portion of the fund’s assets in securities subject to federal income tax and/or California personal income tax, or may hold any portion of the fund’s assets in cash. When the fund engages in such activities, it may not achieve its investment goal.
Read More

SWKXX - Performance

Return Ranking - Trailing

Period SWKXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% 2.1% 4.9% 78.95%
1 Yr 2.7% 2.2% 5.3% 92.11%
3 Yr N/A* 1.4% 3.7% 78.46%
5 Yr 1.2%* 0.9% 2.3% 79.17%
10 Yr 0.9%* 0.6% 1.3% 71.11%

* Annualized

Return Ranking - Calendar

Period SWKXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 50.00%
2022 0.0% 0.0% 0.0% 48.68%
2021 N/A 0.0% 0.0% 42.31%
2020 N/A 0.0% 0.0% 38.30%
2019 0.0% 0.0% 0.0% 48.57%

Total Return Ranking - Trailing

Period SWKXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% 2.1% 4.9% 78.95%
1 Yr 2.7% 2.2% 5.3% 92.11%
3 Yr N/A* 1.4% 3.7% 78.46%
5 Yr 1.2%* 0.9% 2.3% 79.17%
10 Yr 0.9%* 0.6% 1.3% 71.11%

* Annualized

Total Return Ranking - Calendar

Period SWKXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% 2.0% 5.4% 64.47%
2022 0.9% 0.2% 1.2% 44.74%
2021 N/A 0.0% 0.3% 42.31%
2020 N/A 0.0% 1.3% 32.98%
2019 1.0% 0.0% 2.7% 64.29%

NAV & Total Return History

SWKXX - Holdings

Concentration Analysis

SWKXX Category Low Category High SWKXX % Rank
Net Assets 4.38 B 3.67 M 19.7 B 7.89%
Number of Holdings 383 1 921 6.58%
Net Assets in Top 10 445 M 40.6 M 17.4 B 34.21%
Weighting of Top 10 14.29% 9.8% 100.0% 97.37%

Top 10 Holdings

  1. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV IAM COMP PAP 2.30%
  2. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV IAM COMP PAP 2.23%
  3. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV IAM COMP PAP 2.14%
  4. LOS ANGELES CALIF 4% 2.10%
  5. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV IAM COMP PAP 2.07%
  6. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 0.2% 2.02%
  7. CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV 0.55% 1.99%
  8. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV IAM COML PAPER 3/A2 1.93%
  9. SAN FRANCISCO CALIF CITY & CNTY REDEV AGY MULTIFAMILY REV 0.07% 1.89%
  10. San Francisco Calif City & Cnt Coml Pape 0.17% 1.86%

Asset Allocation

Weighting Return Low Return High SWKXX % Rank
Bonds 		71.87% 0.00% 99.21% 81.58%
Cash 		28.13% 0.79% 100.00% 21.05%
Stocks 		0.00% 0.00% 0.00% 48.68%
Preferred Stocks 		0.00% 0.00% 0.00% 48.68%
Other 		0.00% 0.00% 0.00% 48.68%
Convertible Bonds 		0.00% 0.00% 0.00% 48.68%

Bond Sector Breakdown

Weighting Return Low Return High SWKXX % Rank
Municipal 		71.87% 0.00% 99.21% 81.58%
Cash & Equivalents 		28.13% 0.79% 100.00% 21.05%
Derivative 		0.00% 0.00% 0.00% 48.68%
Securitized 		0.00% 0.00% 0.00% 48.68%
Corporate 		0.00% 0.00% 0.00% 48.68%
Government 		0.00% 0.00% 13.45% 53.95%

Bond Geographic Breakdown

Weighting Return Low Return High SWKXX % Rank
US 		71.87% 0.00% 99.21% 81.58%
Non US 		0.00% 0.00% 0.00% 48.68%

SWKXX - Expenses

Operational Fees

SWKXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.15% 1.77% 63.16%
Management Fee 0.19% 0.08% 0.49% 59.21%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.05% 0.50% 59.41%

Sales Fees

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

Trading Fees

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

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

SWKXX - Distributions

Dividend Yield Analysis

SWKXX Category Low Category High SWKXX % Rank
Dividend Yield 1.42% 2.26% 5.22% 100.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SWKXX Category Low Category High SWKXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 56.58%

Capital Gain Distribution Analysis

SWKXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

SWKXX - 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
0.83 27.88 14.18 15.26

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