Schwab Announces Large Cap Growth Addition to Laudus Funds

Charles Schwab Investment Management, Inc. has announced the addition of the Laudus Growth Investors U.S. Large Cap Growth Fund, successor to the UBS U.S. Large Cap Growth Fund, to its Laudus Funds lineup.

The fund seeks to benefit from the management of the portfolio management team at Growth Investors, who have managed the fund and its predecessor since 2002, according to a press release.

Under the reorganization approved by shareholders, the Laudus Growth Investors U.S. Large Cap Growth Fund will retain the performance history and four-star Morningstar rating of the UBS U.S. Large Cap Growth Fund. The UBS Fund was ranked overall 4 stars out of 1565 funds in the Morningstar Large-Cap Growth category based on risk-adjusted return as of June 30, 2009.

Investors in the UBS fund became investors in the Laudus Fund as of the close of business on July 10, 2009.

The fund will be available for a minimum initial investment of $100. It addition, the fund will have no loads or transaction fees, and its net operating expense ratio (0.78%) is significantly below the Morningstar category average (1.37%), the announcement said.

More information is available at