Description
Schwab Mutual Fund Report Card™
Report generated on 03/15/2016
Schwab Tax-Free Bond Fund™
SWNTX
Growth of a Hypothetical $10,000 Investment
Barclays Municipal TR USD $15,917
FUND PROFILE
as of 02/29/2016
Category Average $14,565
$16,000
14,000
12,000
10,000
06
07
09
11
13
15
Yes
09/11/1992
Open
Muni National Interm
No
Schwab Funds
92%
as of 02/29/2016
Overall Rating
Category: Muni National Interm

Morningstar Category: Muni national intermediate funds invest in municipal bonds. Such bonds are issued by
various state and local governments to fund public projects and are free from federal taxes. To lower risk,
these funds spread their assets across many states and sectors. They tend to keep their durations in a range
from 4.5 to seven years, so they are less sensitive to interest-rate changes than long-duration offerings.
Performance Returns 1,2

1 Yr
5 Yr
10 Yr





10%

Out of 249 Funds


10 Year Rating
Since
Inception

Out of 299 Funds
5 Year Rating
Annualized Returns %
3 Mo
Out of 299 Funds

3 Year Rating
as of 02/29/2016
Cumulative Returns %
YTD
Available at Schwab
Inception Date
Status
Category
Index Fund
Fund Company
Portfolio Turnover
MORNINGSTAR RATING
This graph represents the growth of a hypothetical investment of $10,000.
It assumes reinvestment of dividends and capital gains, and does not reflect sales loads, redemption fees or the effects of taxes on any capital gains and/or distributions. This section contrasts SWNTX to its benchmarks Schwab Mutual Fund OneSource Select List® as of 02/29/2016 This fund has multiple managers, view SWNTX quote page for complete information. SWNTX $15,356 SELECT LIST  Out of 172 Funds    Schwab Tax-Free Bond Fund™ Category Average Barclays Municipal TR USD +1.28 +0.12 +1.35 +1.80 +0.74 +2.06 +3.23 +1.98 +3.95 +4.59 +4.46 +5.45 +4.38 +3.81 +4.76 Rank Within Category For Annual Total Return % Rank within Category compares this fund’s total annual return to that of other funds in the same category, and its figures are not adjusted for load, sales charge, or taxes. YTD 2015 +5.16 --- Low High Historical Risk 0 Historical Return Low High The ratings reflect historical risk-adjusted performance and the overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with fund's 3, 5 and 10 year rating metrics. as of 02/29/2016 2014 2013 2012 2011 > 25% QUARTERLY AVERAGE ANNUAL TOTAL RETURN as of 12/31/2015 1.28 2.66 6.54 -1.32 5.54 9.57 < 25% Return % Fund Comparison 1,2 This section compares the fund to its benchmark and alternatives from our Mutual Fund OneSource Select List. Fund Name Inception Ticker Exp Ratio Since 5 Year 10 Year Incep. 1 Year 3 Year Schwab Tax-Free Bond Fund™ (09/92) SWNTX 0.49 3.23 2.80 4.59 4.38 - 0.82 1.98 2.22 4.46 3.81 - Barclays Municipal TR USD - - 3.95 3.37 5.45 4.76 - 2.66% 4.53% 4.33% 5.14% Numbers are adjusted for possible sales charges, and assume reinvestment of dividends & capital gains over each time period. 5.16 Category Average 1 Year 5 Years 10 Years Since Inception 1 Numbers are adjusted for possible sales charges, and assume reinvestment of dividends and capital gains over each time period. 2 Index figures do not reflect deductions for fees or expenses Past performance does not guarantee future performance. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost. If an expense waiver was in place during the period, the net expense ratio was used to calculate fund performance.
Please visit http://www.Schwab.com for more recent month-end performance information. EXPENSES Gross Expense Ratio (before waivers) Net Expense Ratio (after waivers) Cateogry Average Expense Ratio 12b-1 Fees Max Front Load Max Back Load Redemption Fee 0.57% 0.49% 0.82% None None None 0% A net expense ratio lower than the gross expense ratio may reflect a cap on or contractual waiver of fund expense. Please read the fund prospectus for details on limits or expiration dates for any such waivers. Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, fees and expenses. You can request a prospectus by calling 1-800-435-4000. Please read the prospectus carefully before investing. © 2016 Charles Schwab & Co., Inc.
Member SIPC. All rights reserved. (0815-5261) Page 1 of 3 .
Schwab Mutual Fund Report Card™ Report generated on 03/15/2016 Schwab Tax-Free Bond Fund™ SWNTX Top Ten Holdings Schwab Mutual Fund OneSource Select List® as of 12/31/2015 Top 10 Holdings in SWNTX Category Average SELECT LIST 8.74% 21.87% Symbol Company Name Top 10 holdings are 8.74% of the total portfolio assets. The category average percent of Portfolio in top 10 holdings is 21.87% Industry Percent of Assets -- New York N Y City Transitio... -- 0.98% -- Tobacco Settlement Fing Cor... -- 0.98% -- Nevada Sys Higher Ed Univs ... -- North Carolina Med Care Com... -- 0.89% -- Kane Mc Henry Cook & De Kal... -- 0.88% -- Mississippi Dev Bk Spl Obl ... -- 0.87% -- Chicago Ill O Hare Intl Arp... -- 0.85% -- Miami-Dade Cnty Fla Aviatio... -- -- 0.78% -- San Diego Calif Uni Sch Dis... 12.54% 39.13% 31.87% 14.17% 0.94% 1.34% 0.83% Massachusetts Bay Transn Au... -- Rating AAA Rating AA Rating A Rating BBB Rating BB Not Rated 0.91% -- CREDIT WEIGHTINGS 0.77% -- ASSET BREAKDOWN as of 12/31/2015 Domestic Bond Cash Investments % Long 96.06 3.94 % Short 0.0 0.0 % Net 96.06 3.94 Fund holdings subject to change and not a recommendation to transact in any security. © 2016 Charles Schwab & Co., Inc.
Member SIPC. All rights reserved. (0815-5261) Page 2 of 3 .
Schwab Mutual Fund Report Card™ Report generated on 03/15/2016 Important Information Regarding This Report This Mutual Fund Report Card is informational in nature and is not a recommendation or solicitation for any person to buy, sell or hold any particular security; nor is it intended to address any individual's investment objectives, financial situation or personal circumstances. We recommend that investors define their goals, risk tolerance, time horizon and investment objectives in addition to researching possible investment choices. Target date funds are built for investors who expect to start gradual withdrawals of fund assets on the target date, to begin covering expenses in retirement. The values of the funds will fluctuate up to and after the target dates. There is no guarantee the funds will provide adequate income at or through retirement. Fixed income securities are subject to increased loss of principal during periods of rising interest rates.
Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. International investing involves special risks such as currency fluctuation and political instability. Investing in emerging markets may accentuate these risks. Small cap funds are subject to greater volatility than those in other asset categories.
Due to the limited focus of sector funds, they may experience greater volatility than funds with a broader investment strategy. Sector weightings for fund portfolios are determined using the Global Industry Classification Standard (GICS). GICS was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's.
GICS is a service mark of MSCI and S&P and has been licensed for use by Charles Schwab & Co., Inc. Data and rankings provided by Morningstar. Morningstar proprietary ratings reflect historical risk-adjusted performance as of 02/29/16. These ratings are subject to change every month.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The overall Morningstar Rating is a weighted average of the funds’ three-, five-, and 10-year (if applicable) Morningstar rating metrics.
To contact Morningstar, Inc. call 1-800-735-0700. All data provided by Morningstar, Inc. All rights reserved.
The information contained herein is the proprietary information of Morningstar, Inc., and may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. Morningstar, Inc., shall not be responsible for investment decisions, damages, or other losses resulting from use of the information. Morningstar, Inc., has not granted consent for it to be considered or deemed an "expert" under the Securities Act of 1933. Mutual Fund OneSource® funds have no loads and generally have no transaction fees.
Funds appearing on the Mutual Fund OneSource® Select List are chosen based on a formula that combines risk-adjusted return, total return and expenses. They must be available through Schwab without loads and open to new investors. Charles Schwab receives remuneration from fund companies in the Mutual Fund OneSource® Service for record keeping, shareholder services, and other administrative services. Schwab may also receive remuneration from transaction fee fund companies for certain administrative services. Schwab’s short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab’s Mutual Fund OneSource® service (and certain other funds with no transaction fee) and held for 90 days or less.
Schwab reserves the right to exempt some funds from this fee, including certain Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading. Trades in no-load mutual funds available through Schwab’s Mutual Fund OneSource® service (including Schwab Funds®) as well as certain other funds, are available without transaction fees when placed through Schwab.com or our automated phone channels. For each of these trade orders placed through a broker, a $25 service charge applies.
Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. The Laudus Group® of Funds includes the Laudus Mondrian and Laudus US Large Cap Growth Funds, which are part of the Laudus Trust and Laudus Institutional Trust and distributed by ALPS Distributors, Inc., and the Laudus MarketMasters Funds®, which are part of the Schwab Capital Trust and distributed by Charles Schwab & Co., Inc. ALPS Distributors, Inc. and Charles Schwab & Co., Inc.
are unaffiliated entities. Fund investment adviser: Charles Schwab Investment Management, Inc. (CSIM). Distributor: Charles Schwab & Co., Inc.
(Schwab). CSIM and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. The aggregate fees Schwab or its affiliates receive from Schwab Affiliate Funds are greater than the remuneration Schwab receives from other fund companies participating in the Mutual Fund OneSource Service. © 2016 Charles Schwab & Co., Inc.
Member SIPC. All rights reserved. (0815-5261) Page 3 of 3 .
It assumes reinvestment of dividends and capital gains, and does not reflect sales loads, redemption fees or the effects of taxes on any capital gains and/or distributions. This section contrasts SWNTX to its benchmarks Schwab Mutual Fund OneSource Select List® as of 02/29/2016 This fund has multiple managers, view SWNTX quote page for complete information. SWNTX $15,356 SELECT LIST  Out of 172 Funds    Schwab Tax-Free Bond Fund™ Category Average Barclays Municipal TR USD +1.28 +0.12 +1.35 +1.80 +0.74 +2.06 +3.23 +1.98 +3.95 +4.59 +4.46 +5.45 +4.38 +3.81 +4.76 Rank Within Category For Annual Total Return % Rank within Category compares this fund’s total annual return to that of other funds in the same category, and its figures are not adjusted for load, sales charge, or taxes. YTD 2015 +5.16 --- Low High Historical Risk 0 Historical Return Low High The ratings reflect historical risk-adjusted performance and the overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with fund's 3, 5 and 10 year rating metrics. as of 02/29/2016 2014 2013 2012 2011 > 25% QUARTERLY AVERAGE ANNUAL TOTAL RETURN as of 12/31/2015 1.28 2.66 6.54 -1.32 5.54 9.57 < 25% Return % Fund Comparison 1,2 This section compares the fund to its benchmark and alternatives from our Mutual Fund OneSource Select List. Fund Name Inception Ticker Exp Ratio Since 5 Year 10 Year Incep. 1 Year 3 Year Schwab Tax-Free Bond Fund™ (09/92) SWNTX 0.49 3.23 2.80 4.59 4.38 - 0.82 1.98 2.22 4.46 3.81 - Barclays Municipal TR USD - - 3.95 3.37 5.45 4.76 - 2.66% 4.53% 4.33% 5.14% Numbers are adjusted for possible sales charges, and assume reinvestment of dividends & capital gains over each time period. 5.16 Category Average 1 Year 5 Years 10 Years Since Inception 1 Numbers are adjusted for possible sales charges, and assume reinvestment of dividends and capital gains over each time period. 2 Index figures do not reflect deductions for fees or expenses Past performance does not guarantee future performance. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost. If an expense waiver was in place during the period, the net expense ratio was used to calculate fund performance.
Please visit http://www.Schwab.com for more recent month-end performance information. EXPENSES Gross Expense Ratio (before waivers) Net Expense Ratio (after waivers) Cateogry Average Expense Ratio 12b-1 Fees Max Front Load Max Back Load Redemption Fee 0.57% 0.49% 0.82% None None None 0% A net expense ratio lower than the gross expense ratio may reflect a cap on or contractual waiver of fund expense. Please read the fund prospectus for details on limits or expiration dates for any such waivers. Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, fees and expenses. You can request a prospectus by calling 1-800-435-4000. Please read the prospectus carefully before investing. © 2016 Charles Schwab & Co., Inc.
Member SIPC. All rights reserved. (0815-5261) Page 1 of 3 .
Schwab Mutual Fund Report Card™ Report generated on 03/15/2016 Schwab Tax-Free Bond Fund™ SWNTX Top Ten Holdings Schwab Mutual Fund OneSource Select List® as of 12/31/2015 Top 10 Holdings in SWNTX Category Average SELECT LIST 8.74% 21.87% Symbol Company Name Top 10 holdings are 8.74% of the total portfolio assets. The category average percent of Portfolio in top 10 holdings is 21.87% Industry Percent of Assets -- New York N Y City Transitio... -- 0.98% -- Tobacco Settlement Fing Cor... -- 0.98% -- Nevada Sys Higher Ed Univs ... -- North Carolina Med Care Com... -- 0.89% -- Kane Mc Henry Cook & De Kal... -- 0.88% -- Mississippi Dev Bk Spl Obl ... -- 0.87% -- Chicago Ill O Hare Intl Arp... -- 0.85% -- Miami-Dade Cnty Fla Aviatio... -- -- 0.78% -- San Diego Calif Uni Sch Dis... 12.54% 39.13% 31.87% 14.17% 0.94% 1.34% 0.83% Massachusetts Bay Transn Au... -- Rating AAA Rating AA Rating A Rating BBB Rating BB Not Rated 0.91% -- CREDIT WEIGHTINGS 0.77% -- ASSET BREAKDOWN as of 12/31/2015 Domestic Bond Cash Investments % Long 96.06 3.94 % Short 0.0 0.0 % Net 96.06 3.94 Fund holdings subject to change and not a recommendation to transact in any security. © 2016 Charles Schwab & Co., Inc.
Member SIPC. All rights reserved. (0815-5261) Page 2 of 3 .
Schwab Mutual Fund Report Card™ Report generated on 03/15/2016 Important Information Regarding This Report This Mutual Fund Report Card is informational in nature and is not a recommendation or solicitation for any person to buy, sell or hold any particular security; nor is it intended to address any individual's investment objectives, financial situation or personal circumstances. We recommend that investors define their goals, risk tolerance, time horizon and investment objectives in addition to researching possible investment choices. Target date funds are built for investors who expect to start gradual withdrawals of fund assets on the target date, to begin covering expenses in retirement. The values of the funds will fluctuate up to and after the target dates. There is no guarantee the funds will provide adequate income at or through retirement. Fixed income securities are subject to increased loss of principal during periods of rising interest rates.
Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. International investing involves special risks such as currency fluctuation and political instability. Investing in emerging markets may accentuate these risks. Small cap funds are subject to greater volatility than those in other asset categories.
Due to the limited focus of sector funds, they may experience greater volatility than funds with a broader investment strategy. Sector weightings for fund portfolios are determined using the Global Industry Classification Standard (GICS). GICS was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's.
GICS is a service mark of MSCI and S&P and has been licensed for use by Charles Schwab & Co., Inc. Data and rankings provided by Morningstar. Morningstar proprietary ratings reflect historical risk-adjusted performance as of 02/29/16. These ratings are subject to change every month.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The overall Morningstar Rating is a weighted average of the funds’ three-, five-, and 10-year (if applicable) Morningstar rating metrics.
To contact Morningstar, Inc. call 1-800-735-0700. All data provided by Morningstar, Inc. All rights reserved.
The information contained herein is the proprietary information of Morningstar, Inc., and may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. Morningstar, Inc., shall not be responsible for investment decisions, damages, or other losses resulting from use of the information. Morningstar, Inc., has not granted consent for it to be considered or deemed an "expert" under the Securities Act of 1933. Mutual Fund OneSource® funds have no loads and generally have no transaction fees.
Funds appearing on the Mutual Fund OneSource® Select List are chosen based on a formula that combines risk-adjusted return, total return and expenses. They must be available through Schwab without loads and open to new investors. Charles Schwab receives remuneration from fund companies in the Mutual Fund OneSource® Service for record keeping, shareholder services, and other administrative services. Schwab may also receive remuneration from transaction fee fund companies for certain administrative services. Schwab’s short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab’s Mutual Fund OneSource® service (and certain other funds with no transaction fee) and held for 90 days or less.
Schwab reserves the right to exempt some funds from this fee, including certain Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading. Trades in no-load mutual funds available through Schwab’s Mutual Fund OneSource® service (including Schwab Funds®) as well as certain other funds, are available without transaction fees when placed through Schwab.com or our automated phone channels. For each of these trade orders placed through a broker, a $25 service charge applies.
Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. The Laudus Group® of Funds includes the Laudus Mondrian and Laudus US Large Cap Growth Funds, which are part of the Laudus Trust and Laudus Institutional Trust and distributed by ALPS Distributors, Inc., and the Laudus MarketMasters Funds®, which are part of the Schwab Capital Trust and distributed by Charles Schwab & Co., Inc. ALPS Distributors, Inc. and Charles Schwab & Co., Inc.
are unaffiliated entities. Fund investment adviser: Charles Schwab Investment Management, Inc. (CSIM). Distributor: Charles Schwab & Co., Inc.
(Schwab). CSIM and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. The aggregate fees Schwab or its affiliates receive from Schwab Affiliate Funds are greater than the remuneration Schwab receives from other fund companies participating in the Mutual Fund OneSource Service. © 2016 Charles Schwab & Co., Inc.
Member SIPC. All rights reserved. (0815-5261) Page 3 of 3 .
