Spring 2013

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than the original cost.

The information provided here is for general purposes only and should not be considered an individualized recommendation or personalized investment advice. The types of securities and strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction and investment strategy for his or her own particular situation. Data contained here is obtained from what are considered reliable sources; however, accuracy, completeness and reliability cannot be guaranteed.

No part of this material may be reproduced or distributed to others by any means without the prior written permission of Schwab (or its affiliates). Photocopying, including transmission by facsimile, is prohibited and subject to liability. Copyright ©2012 Charles Schwab & Co., Inc. Member SIPC (0213-0170)

On Investing (ISSN 1523-5327) is published quarterly.
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On Investing does not assume any liability resulting from actions taken based on the information included in this magazine. Mention of a company or security does not constitute endorsement. Some contributors to On Investing may have active positions in securities or companies discussed in this issue. NWS24130Q212