Schwab Charles Family Funds - Government Money Fund
SNVXX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Omar Aguilar
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Apr 17, 2023
- CIK
- 0000857156
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Charles Family Funds - Government Money Fund (SNVXX) is a money market mutual fund that seeks the highest current income consistent with stability of capital and liquidity by investing at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements fully collateralized by cash and/or U.S. government securities; the fund primarily holds U.S. Treasury bills, notes, bonds, agency obligations, and government-guaranteed repurchase agreements from counterparties such as JPMorgan Securities, BNY Mellon, and RBC Dominion Securities. It offers Investor Shares with a net expense ratio of 0.340%, no minimum initial investment, daily liquidity at a stable $1.00 NAV, and a 7-day yield of approximately 3.49% as of December 2025, with total net assets exceeding $32.9 billion. The fund, part of the broader Schwab Funds family managed by Charles Schwab Investment Management, Inc. (a subsidiary of The Charles Schwab Corporation founded in 1971 and headquartered in Westlake, Texas), targets retail and institutional investors seeking short-term, low-risk cash management solutions in the taxable money market sector. Primarily serving U.S.-based clients through Charles Schwab's brokerage platforms, it maintains high liquidity with daily liquid assets around 51% and weekly liquid assets near 67%, a weighted average maturity of 38 days, and weighted average life of 99 days. In October 2024, Schwab Asset Management announced operational enhancements for its money fund suite, including a shift to end-of-month dividend payments for most funds, though SNVXX retained its existing schedule due to specific limitations; additionally, the related Schwab Variable Share Price Money Fund (SVUXX) merged into the Ultra Shares class (SGUXX) post-September 2024, reflecting ongoing portfolio rationalization, while parent company The Charles Schwab Corporation completed its $660 million acquisition of Forge Global in November 2025 to expand private market access and launched Schwab Alternative Investments Select in April 2025 for eligible retail clients.