Charles Schwab’s Total Bond Market Fund is the subject of another class action lawsuit against Schwab, according to a September 12 article by Dan Jamieson of InvestmentNews called “Another lawsuit filed over Schwab bond fund. The lawsuit reportedly alleges that, as of May 31, 2007, Schwab misrepresented the fund to investors as tracking the Lehman Brothers U.S. Aggregate Bond Index, which contained 37% mortgage-backed securities, when the fund actually held over 67% in residential-mortgage-backed securities.