Charles Schwab Investment Management, Inc. announced today three new additions to the Schwab Target Funds for the years 2045, 2050, and 2055. Additionally, Charles Schwab Bank has added two new funds to its line-up of collective trust funds for eligible retirement plans – the Schwab Managed Retirement Trust Fund 2055 (SMRT 2055) and the Schwab Indexed Retirement Trust Fund 2055 (SIRT 2055). With these additions, Schwab now offers a full suite of retail and institutional target-date funds designed to meet the needs of investors and retirement plan sponsors. The funds provide investors -- from those just entering the workforce to retirees -- with broadly diversified retirement solutions designed to become more conservative over time. “These new funds are designed for young people who want an affordable, accessible solution for a more distant retirement,” said Omar Aguilar, senior vice president and chief investment officer, equities, for Charles Schwab Investment Management. “Whether you’re investing in the funds directly or through an employer’s retirement plan, they deliver broad asset allocation and ongoing professional investment management.” Schwab Target Funds for Individual Investors The Schwab Target Funds are mutual funds designed primarily for retail investors, and offer shareholders a diversified portfolio of both active and passive management, as well as a combination of proprietary and externally managed strategies. The Schwab Target Funds have net operating expense ratios ranging from 0.55% to 0.84%, and a low $100 account minimum. For more information about Schwab Target Funds, visit www.schwab.com/target or call 1-877-682-6461. SMRT and SIRT Collective Trust Funds for Retirement Plans For sponsors of employer based retirement plans, Charles Schwab Bank offers both active (SMRT) and passive (SIRT) products to provide flexibility and choice. The Schwab Managed Retirement Trust (SMRT) Funds and Schwab Indexed Retirement Trust (SIRT) Funds, maintained by Charles Schwab Bank as trustee, offer target date portfolios in a collective trust vehicle which are diversified across traditional and non-traditional asset classes. The SMRT Funds use a combination of active and passive investments while the SIRT Funds use primarily passive investment strategies.