Hagens Berman Sobol Shapiro Investigations

Schwab Retirement Income Fund

Date Started: May 27, 2008

Hagens Berman Sobol Shapiro is investigating the Schwab Retirement Income Fund (SWARX) and whether the company misled investors about the diversification and safety of the fund.

The Retirement Income Fund serves investors in retirement looking to generate income and savings. According to the Fidelity Web site, the investment seeks current income; capital appreciation is a secondary consideration.

The investigation focuses on whether Fidelity misled investors about the underlying risk in the funds, including misrepresenting the exposure to the sub-prime mortgage market through inclusion of YieldPlus mutual funds (SWYSX) (SWXPX) as a component of the Schwab Retirement Income Fund.

If you invested in the Charles Schwab Retirement Fund please contact HBSS by clicking here or e-mailing info@hbsslaw.com.