If you lack the time or desire to actively manage your retirement plan savings - Schwab Managed Retirement Trust Funds may be right for you. These funds automatically adjust over time to help meet your changing risk and return objectives as you near retirement. By simply choosing the fund that closely matches the year you plan to retire (your target retirement date), you set your retirement plan in motion, leaving the details to professional investment managers.
The Schwab Indexed Retirement Trust Funds (the "Funds"), a fund within the Schwab Managed Retirement Trust Series, are collective trust funds managed and distributed by Charles Schwab Trust Company ("CSTC"), a division of Charles Schwab Bank. CSTC acts as trustee, manager, and distributor of the Funds and is responsible for the selection, monitoring and replacement of the Funds' investment sub-advisors. The Funds are not mutual funds and units of the Funds are not registered under the Securities Act of 1933, as amended, or applicable securities laws of any state or other jurisdiction. The Funds are not registered under the Investment Company Act of 1940, as amended, or other applicable law, and unit holders are not entitled to the protections of the 1940 Act. The Funds are not insured by CSTC, any of its affiliates, the FDIC or any other type of deposit insurance. As defined in the Funds' Declaration of Trust and Participation Agreement documents, the Funds are available for investment by eligible, qualified retirement plan trusts only. The unit value of the Funds will fluctuate, and investors may lose money.