Financial recoveries were previously pursued for investment losses suffered as a result of declines in Schwab YieldPlus bond mutual funds.

The lawyers at Saiontz & Kirk are no longer accepting new cases.  The information on this page is provided for information purposes only.

Following the collapse of the sub-prime mortgage market in late 2007, investors who owned shares of Schwab Yield Plus Funds suffered substantial losses.  Many of these individuals, who were told that they were investing in a relatively low risk fund, were surprised to learn about large investments the fund managers made in risky mortgage-backed-securities.

The investment fraud lawyers at Saiontz & Kirk, P.A. previously reviewed potential Schwab YieldPlus lawsuits for individuals who have lost $10,000.00 or more as a result of an investment in any of the following bond funds:

  • Schwab YieldPlus Funds Investor Shares (SWYSX)
  • Schwab YieldPlus Funds Select Shares (SWYPX)


The Schwab Yield Plus Funds are ultra-short bond funds, which were sold as relatively conservative investments.  The stated objective of the bond funds is to seek high current income with minimal changes in share price.  Most investors believed that they were purchasing an alternative to a money market, with only marginally more risk.

Although investors were told that the fund invests in a large, well-diversified portfolio, a substantial portion of the funds’ assets were placed in risky sub-prime mortgage securities.  As a result of the unreasonably high concentration in these relatively new securities, which had not been tested through market cycles, Schwab YieldPlus funds have experienced more drastic losses than other similar bond funds.

Schwab fund managers failed to disclose the full extent of the investments in collateralized obligations, which are illiquid securities.  In addition, the failure to diversify the portfolio exposed investors to substantially more risk then most would have accepted.


Charles Schwab YieldPlus Fund Class Action Lawsuits have been filed on behalf of all investors who purchased investor shares or select shares of the fund.  However, individuals who have suffered losses over $10,000.00 off of their invested capital were often better suited to file an individual Schwab Yield Plus lawsuit to recover their investment losses.

New cases are no longer being accepted by Saiontz & Kirk, P.A. This page is maintained for informational purposes only.