Schwab plans to merge two of its funds into two others, according to an SEC filing. The San Francisco-based firm plans to fold the Retirement Income Fund into the Monthly Income Fund in the second quarter.

In addition, Schwab closed the Laudus U.S. MarketMasters Fund to new investors on January 30 and plans to reorganize it into the Schwab Core Equity Fund. If approved by shareholders of the MarketMasters Fund, the merger is expected to take place in the second quarter. 

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