The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Schwab Puts YieldPlus Down Not Rated 1.0 Email Routing List Email & Route  Print Print
Friday, June 24, 2011

Schwab Puts YieldPlus Down

Reported by Neil Anderson, Managing Editor

Fundsters may not be surprised by the latest mutual fund news coming out of Schwab [see profile]. On Wednesday the San Francisco-based brokerage giant filed to liquidate the now-infamous Schwab YieldPlus Fund, as well as the Tax-Free YieldPlus and the California Tax-Free YieldPlus funds, on August 22 or shortly thereafter [see filing].

Ryan Leggio reported on the news in Morningstar's Fund Times column.

YieldPlus holds $138.1 million, Tax-Free YieldPlus holds $17.9 million and California Tax-Free YieldPlus holds $47.4 million. Morningstar gives all three funds one star.

Thanks to its investments in various asset-backed and mortgage-backed securities, the once-popular YieldPlus fund fell from grace in 2007. Since then, Schwab has shelled out hundreds of millions of dollars in settlements with various regulators and fund shareholders. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use