SWWXX Money Market — Schwab AMT Tax-Free Money Fund - Investor Shares

Schwab AMT Tax-Free Money Fund - Investor Shares (SWWXX)

Updated October 16, 2026.

SWWXX is a Money Market. its distribution rate is 2.42%, its trailing-12-month yield is 2.19%, its expense ratio is 0.34%. Total return is 10.0% over the past 3.5 years, 82.8 points behind SPY at 92.8%.

Schwab AMT Tax-Free Money Fund - Investor Shares is a money market fund that seeks the highest current income exempt from federal income tax and the federal alternative minimum tax by investing in short-term municipal securities issued by states, local governments, and other municipal agencies. The fund carries a modest expense ratio of 0.34% and makes monthly distributions. It appeals to tax-conscious investors seeking stable, liquid holdings with tax-advantaged income.

SWWXX performance versus SPY

Price and return data through 2026-10-16.

Total return is 10.0% over the past 3.5 years, 82.8 points behind SPY at 92.8%. Over the past year its total return — price change plus distributions reinvested — is 2.2%.

SWWXX key facts

Issuer

Schwab

Asset type

Money Market

Asset class

Fixed Income

Inception date

11/06/2006

Expense ratio

0.34%

Total annual operating expenses

0.36%

Distribution rate

2.42%

Distribution frequency

Monthly

Trailing yield

2.19%

Last close

$1.00 (as of 2026-10-16)

AUM

$1,068,322,112

Average volume

0.0

Dividend

$0.00202

Ex-dividend date

09/30/2026

Payment date

09/30/2026

Beta

0.0046

How Dividend Vision calculates yield and returns

Distribution rate (2.42%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.19%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Schwab or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SWWXX risks and drawbacks

SWWXX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider SWWXX — and who may not

SWWXX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SWWXX

• All tickers starting with S

Tagged: Money Market, Cash, Municipal, Tax Efficient.

Frequently asked questions

More securities from Schwab.