Hagens Berman Investigating New Claims For Schwab Total Bond Fund Holders (SWLBX)

Hagens Berman Sobol Shapiro LLP is investigating potential new claims against Schwab Investments and Charles Schwab Management Inc. for causing the Schwab Total Bond Market Fund (the Fund) (NASDAQ:SWLBX) to deviate from its fundamental investment objective to track the Lehman Brothers U.S. Aggregate Bond Index beginning August 31, 2007.

According to Hagens Berman's investigation, the Fund deviated from its stated investment objective by investing a material percentage of its portfolio in high risk non-U.S. agency collateralized mortgage obligations (CMOs). The Fund also deviated from its stated fundamental investment objective by investing more than 25 percent of its total assets in U.S. agency and non-agency mortgage-backed securities and CMOs. The Fund's deviation from its stated investment objective caused investors to suffer a negative 12.64 percent differential in total return for the Fund compared to the Index for the period August 31, 2007 through February 27, 2009, consisting of a negative total return of 4.80 percent for the Fund compared to a positive total return of 7.85 percent for the Index over that same period (including interest payments).

On August 12, 2010, in a separate action filed by other counsel and a financial advisor, the Ninth Circuit dismissed all federal claims based upon Section 13a of the Investment Company Act of 1940. While that action will continue on certain claims, Hagen Berman's investigation is looking at other claims that can be asserted by those who held shares in the fund since August 31, 2007 that are not affected by that opinion or asserted in that action. A copy of that opinion in Northstar Financial Advisors v. Schwab Investments can be found here.

If you owned shares of the Fund at any time from August 31, 2007 to the present (the Class Period) and suffered damages as a result therefore, you may be eligible to be a lead or representative plaintiff in an action seeking recovery for losses incurred by you and other holders of SWLBX shares. To discuss this matter, contact the managing partner of Hagens Berman’s Berkeley office, Reed R. Kathrein, at [e-mail] or call Mr. Kathrein at 510-725-3000.

About Hagens Berman

Seattle-based Hagens Berman Sobol Shapiro LLP is a investor-rights class-action law firm with offices in San Francisco, Chicago, Boston, Los Angeles, Phoenix and Washington, D.C. Founded in 1993, HBSS continues to successfully fight for consumer rights in large, complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com.