# EDGAR Filing Document

**Accession Number:** 0000869365
**File Stem:** 0001193125-26-201223
**Filing Date:** 2026-5
**Character Count:** 1360105
**Document Hash:** 169d03c6c591e9aec92242718f57313b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-201223.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0001193125-26-201223

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB INVESTMENTS
- **CENTRAL INDEX KEY:** 0000869365

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831
- **LEGAL ENTITY IDENTIFIER:** 549300V41RCJNTEW5K68

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06200
- **FILM NUMBER:** 26931965

**BUSINESS ADDRESS:**
- **STREET 1:** 425 MARKET STREET
- **STREET 2:** SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 800-650-9744

**MAIL ADDRESS:**
- **STREET 1:** 425 MARKET STREET
- **STREET 2:** SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

## Series and Classes Contracts Data

### Schwab Tax-Free Bond Fund (Series ID: S000006815)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000018447 | Schwab Tax-Free Bond Fund | SWNTX           |

### Schwab California Tax-Free Bond Fund (Series ID: S000006818)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000018451 | Schwab California Tax-Free Bond Fund | SWCAX           |

### Schwab Treasury Inflation Protected Securities Index Fund (Series ID: S000006819)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000018453 | Schwab Treasury Inflation Protected Securities Index Fund | SWRSX           |

### Schwab U.S. Aggregate Bond Index Fund (Series ID: S000056207)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000176960 | Schwab U.S. Aggregate Bond Index Fund | SWAGX           |

### Schwab Short-Term Bond Index Fund (Series ID: S000056208)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000176961 | Schwab Short-Term Bond Index Fund | SWSBX           |

### Schwab Opportunistic Municipal Bond Fund (Series ID: S000068892)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000220131 | Schwab Opportunistic Municipal Bond Fund | SWHYX           |

?xml version='1.0' encoding='ASCII'? N-CSRS

------

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

------

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-06200

------

Schwab Investments – Schwab Taxable Bond Funds

and Schwab Municipal Bond Funds

(Exact name of registrant as specified in charter)

------

425 Market Street, Suite 1700, San Francisco, California 94105

(Address of principal executive offices) (Zip code)

------

Omar Aguilar

Schwab Investments – Schwab Taxable Bond Funds and Schwab Municipal Bond Funds

425 Market Street, Suite 1700, San Francisco, California 94105

(Name and address of agent for service)

------

Registrant's telephone number, including area code: (800) 648-5300

Date of fiscal year end: August 31

Date of reporting period: February 28, 2026

------

Item 1: Report(s) to Shareholders.

------

![](g33141g2img236ca1a91.jpg)

Semiannual Report \| February 28, 2026

Schwab Treasury Inflation Protected Securities Index Fund

Ticker Symbol: SWRSX

------

This semiannual shareholder report contains important information about the fund for the period of September 1, 2025, to

February 28, 2026.

You can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

. You can

also request this information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

. If

you purchase or hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI),

reports to shareholders and other information about the fund are available from your financial intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FUND COSTS FOR THE LAST six months ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab Treasury Inflation Protected Securities Index Fund | $3 | &nbsp;&nbsp;0.05%<br>\*<br>|

---

\*

Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Average Annual Returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
| Fund: Schwab Treasury Inflation Protected Securities Index Fund (03/31/2006)<br>1<br>| 2.12% | &nbsp;&nbsp;&nbsp;&nbsp;4.95% | &nbsp;&nbsp;&nbsp;&nbsp;1.65% | &nbsp;&nbsp;&nbsp;&nbsp;2.90% |
| Bloomberg US Aggregate Bond Index<br>2<br>| 3.99% | &nbsp;&nbsp;&nbsp;&nbsp;6.26% | &nbsp;&nbsp;&nbsp;&nbsp;0.42% | &nbsp;&nbsp;&nbsp;&nbsp;1.97% |
| <br>Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)<br>SM<br>| 2.20% | &nbsp;&nbsp;&nbsp;&nbsp;5.06% | &nbsp;&nbsp;&nbsp;&nbsp;1.71% | &nbsp;&nbsp;&nbsp;&nbsp;2.98% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Index ownership — Bloomberg®

and Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)

SM

are service marks of Bloomberg Finance L.P. and its affiliates, including

Bloomberg Index Services Limited (BISL), the administrator of the indices (collectively, "Bloomberg"). Bloomberg is not affiliated with Charles Schwab Investment

Management, Inc., dba Schwab Asset Management, and Bloomberg does not approve, endorse, review, or recommend Schwab Treasury Inflation Protected Securities Index

Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Schwab Treasury Inflation Protected Securities

Index Fund.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

The Bloomberg US Aggregate Bond Index serves as the fund's regulatory index and provides a broad measure of market performance. The fund generally invests in

securities that are included in the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)

SM

. The fund does not seek to track the regulatory index.

Schwab Treasury Inflation Protected Securities Index Fund \| Semiannual Report

REG127179-01 00323351

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statistics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Net Assets (millions) | $3042 |
| Number of Holdings | 49 |
| Portfolio Turnover Rate<br>(not annualized)<br>| 14% |
| 30-Day SEC Yield | 0.55% |
| 12-Month Distribution Yield | 4.34% |
| Weighted Average Maturity<br>(Source: Aladdin)<br>| 7.2 Yrs |
| Weighted Average Duration<br>(Source: Aladdin)<br>| 6.5 Yrs |

---

Portfolio Composition By Security Type % of Investments

![](g33141g2img94771c162.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio Composition By Credit Quality % of Investments

2,3

![](g33141g2imgaf3771123.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio holdings may have changed since the report date.

The fund's yields, including the SEC Yield, are adjusted monthly based on changes in the rate of inflation and these changes can cause the yield to vary substantially from

month to month. Exceptionally high yield is attributable to the rise in inflation rate and might not be repeated. Exceptionally low or negative yield is attributable to the fall in

inflation rate and might not be repeated.

Includes the fund's position(s) in money market mutual funds registered under the Investment Company Act of 1940, as amended.

Bloomberg Index Rating: Based on the middle rating of Moody's, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency

rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source:

Bloomberg Index Service Ltd.

Excludes short-term investments.

2Schwab Treasury Inflation Protected Securities Index Fund \| Semiannual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

Schwab Treasury Inflation Protected Securities Index Fund \| Semiannual Report

------

![](g33141g3img7540dc1b1.jpg)

Semiannual Report \| February 28, 2026

Schwab U.S. Aggregate Bond Index Fund

Ticker Symbol: SWAGX

------

This semiannual shareholder report contains important information about the fund for the period of September 1, 2025, to

February 28, 2026.

You can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

.

You can

also request this information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

.

If

you purchase or hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI),

reports to shareholders and other information about the fund are available from your financial intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FUND COSTS FOR THE LAST six months ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab U.S. Aggregate Bond Index Fund | $2 | &nbsp;&nbsp;0.04%<br>\*<br>|

---

\*

Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Average Annual Returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception |
| Fund: Schwab U.S. Aggregate Bond Index Fund (02/23/2017)<br>1<br>| 3.97% | &nbsp;&nbsp;&nbsp;&nbsp;6.23% | &nbsp;&nbsp;&nbsp;&nbsp;0.36% | &nbsp;&nbsp;&nbsp;&nbsp;1.97% |
| Bloomberg US Aggregate Bond Index | 3.99% | &nbsp;&nbsp;&nbsp;&nbsp;6.26% | &nbsp;&nbsp;&nbsp;&nbsp;0.42% | &nbsp;&nbsp;&nbsp;&nbsp;2.07% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Index ownership — Bloomberg®

and Bloomberg US Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services

Limited (BISL), the administrator of the indices (collectively, "Bloomberg"). Bloomberg is not affiliated with Charles Schwab Investment Management, Inc., dba Schwab Asset

Management, and Bloomberg does not approve, endorse, review, or recommend Schwab U.S. Aggregate Bond Index Fund. Bloomberg does not guarantee the timeliness,

accurateness, or completeness of any data or information relating to Schwab U.S. Aggregate Bond Index Fund.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

Schwab U.S. Aggregate Bond Index Fund \| Semiannual Report

REG127180-01 00323352

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statistics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Net Assets (millions) | $5985 |
| Number of Holdings | 11529 |
| Portfolio Turnover Rate<br>(not annualized)<br>| 18% |
| 30-Day SEC Yield | 4.03% |
| 12-Month Distribution Yield | 3.65% |
| Weighted Average Maturity<br>(Source: Aladdin)<br>| 8.0 Yrs |
| Weighted Average Duration<br>(Source: Aladdin)<br>| 5.8 Yrs |

---

Portfolio Composition By Security Type % of Investments

![](g33141g3imgb9b4102f2.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio Composition By Credit Quality % of Investments

2,3

![](g33141g3imgc0771e7a3.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio holdings may have changed since the report date.

Includes the fund's position(s) in money market mutual funds registered under the Investment Company Act of 1940, as amended.

Bloomberg Index Rating: Based on the middle rating of Moody's, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency

rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source:

Bloomberg Index Service Ltd.

Excludes short-term investments.

2Schwab U.S. Aggregate Bond Index Fund \| Semiannual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

Schwab U.S. Aggregate Bond Index Fund \| Semiannual Report

------

![](g33141g4img3841a20e1.jpg)

Semiannual Report \| February 28, 2026

Schwab Short-Term Bond Index Fund

Ticker Symbol: SWSBX

------

This semiannual shareholder report contains important information about the fund for the period of September 1, 2025, to

February 28, 2026.

You can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

. You can

also request this information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

. If

you purchase or hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI),

reports to shareholders and other information about the fund are available from your financial intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FUND COSTS FOR THE LAST six months ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab Short-Term Bond Index Fund | $3 | &nbsp;&nbsp;0.06%<br>\*<br>|

---

\*

Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Average Annual Returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception |
| Fund: Schwab Short-Term Bond Index Fund (02/23/2017)<br>1<br>| 2.36% | &nbsp;&nbsp;&nbsp;&nbsp;5.48% | &nbsp;&nbsp;&nbsp;&nbsp;1.76% | &nbsp;&nbsp;&nbsp;&nbsp;2.20% |
| Bloomberg US Aggregate Bond Index<br>2<br>| 3.99% | &nbsp;&nbsp;&nbsp;&nbsp;6.26% | &nbsp;&nbsp;&nbsp;&nbsp;0.42% | &nbsp;&nbsp;&nbsp;&nbsp;2.07% |
| Bloomberg US Government/Credit 1-5 Year Index | 2.44% | &nbsp;&nbsp;&nbsp;&nbsp;5.52% | &nbsp;&nbsp;&nbsp;&nbsp;1.82% | &nbsp;&nbsp;&nbsp;&nbsp;2.29% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Index ownership — Bloomberg®

and Bloomberg US Government/Credit 1-5 Year Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index

Services Limited (BISL), the administrator of the indices (collectively, "Bloomberg"). Bloomberg is not affiliated with Charles Schwab Investment Management, Inc., dba

Schwab Asset Management, and Bloomberg does not approve, endorse, review, or recommend Schwab Short-Term Bond Index Fund. Bloomberg does not guarantee the

timeliness, accurateness, or completeness of any data or information relating to Schwab Short-Term Bond Index Fund.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

The Bloomberg US Aggregate Bond Index serves as the fund's regulatory index and provides a broad measure of market performance. The fund generally invests in

securities that are included in the Bloomberg US Government/Credit 1-5 Year Index. The fund does not seek to track the regulatory index.

Schwab Short-Term Bond Index Fund \| Semiannual Report

REG127174-01 00323349

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statistics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Net Assets (millions) | $1659 |
| Number of Holdings | 3204 |
| Portfolio Turnover Rate<br>(not annualized)<br>| 21% |
| 30-Day SEC Yield | 3.65% |
| 12-Month Distribution Yield | 3.97% |
| Weighted Average Maturity<br>(Source: Aladdin)<br>| 2.8 Yrs |
| Weighted Average Duration<br>(Source: Aladdin)<br>| 2.6 Yrs |

---

Portfolio Composition By Security Type % of Investments

![](g33141g4imgcbc09fa92.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio Composition By Credit Quality % of Investments

2,3

![](g33141g4imgfad054353.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio holdings may have changed since the report date.

Includes the fund's position(s) in money market mutual funds registered under the Investment Company Act of 1940, as amended.

Bloomberg Index Rating: Based on the middle rating of Moody's, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency

rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source:

Bloomberg Index Service Ltd.

Excludes short-term investments.

2Schwab Short-Term Bond Index Fund \| Semiannual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

Schwab Short-Term Bond Index Fund \| Semiannual Report

------

![](g33141g5img027963001.jpg)

Semiannual Report \| February 28, 2026

Schwab Tax-Free Bond Fund

Ticker Symbol: SWNTX

------

This semiannual shareholder report contains important information about the fund for the period of September 1, 2025, to

February 28, 2026.

You can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

. You can

also request this information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

. If

you purchase or hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI),

reports to shareholders and other information about the fund are available from your financial intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FUND COSTS FOR THE LAST six months ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab Tax-Free Bond Fund\* | $19 | &nbsp;&nbsp;0.38%<br>\*\*<br>|

---

\*

Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.

\*\*

Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Average Annual Returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
| Fund: Schwab Tax-Free Bond Fund (09/11/1992)<br>1,2<br>| 5.94% | &nbsp;&nbsp;&nbsp;&nbsp;4.73% | &nbsp;&nbsp;&nbsp;&nbsp;1.34% | &nbsp;&nbsp;&nbsp;&nbsp;2.02% |
| Bloomberg Municipal Bond Index<br>3<br>| 6.20% | &nbsp;&nbsp;&nbsp;&nbsp;4.96% | &nbsp;&nbsp;&nbsp;&nbsp;1.44% | &nbsp;&nbsp;&nbsp;&nbsp;2.43% |
| Bloomberg Municipal 3-15 Year Blend Index | 5.21% | &nbsp;&nbsp;&nbsp;&nbsp;5.90% | &nbsp;&nbsp;&nbsp;&nbsp;1.72% | &nbsp;&nbsp;&nbsp;&nbsp;2.42% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the total return/yield may have been lower.

The Bloomberg Municipal Bond Index serves as the fund's regulatory index and provides a broad measure of market performance. The Bloomberg Municipal 3-15 Year Blend

Index is the fund's additional index and is more representative of the fund's investment universe than the regulatory index.

Schwab Tax-Free Bond Fund \| Semiannual Report

REG127178-01 00323350

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statistics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Net Assets (millions) | $619 |
| Number of Holdings | 426 |
| Portfolio Turnover Rate<br>(not annualized)<br>| 15% |
| 30-Day SEC Yield | 3.02% |
| 30-Day SEC Yield-No Waiver | 3.00% |
| 12-Month Distribution Yield | 3.83% |
| Weighted Average Maturity<br>(Source: Aladdin)<br>| 6.8 Yrs |
| Weighted Average Duration<br>(Source: Aladdin)<br>| 5.8 Yrs |

---

Portfolio Composition By Security Type % of Investments

![](g33141g5img7a9d4fe22.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio Composition By Credit Quality % of Investments

![](g33141g5imgea7cd4803.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio holdings may have changed since the report date.

Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the 30-Day SEC Yield and 12-Month Distribution Yield

may have been lower. The 30-Day SEC Yield-No Waiver is the yield if fund expenses had not been partially absorbed by the investment adviser and its affiliates.

Bloomberg Index Rating: Based on the middle rating of Moody's, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency

rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source:

Bloomberg Index Service Ltd.

2Schwab Tax-Free Bond Fund \| Semiannual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

Schwab Tax-Free Bond Fund \| Semiannual Report

------

![](g33141g6imgb35070dc1.jpg)

Semiannual Report \| February 28, 2026

Schwab California Tax-Free Bond Fund

Ticker Symbol: SWCAX

------

This semiannual shareholder report contains important information about the fund for the period of September 1, 2025, to

February 28, 2026.

You can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

. You can

also request this information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

. If

you purchase or hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI),

reports to shareholders and other information about the fund are available from your financial intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FUND COSTS FOR THE LAST six months ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab California Tax-Free Bond Fund\* | $19 | &nbsp;&nbsp;0.38%<br>\*\*<br>|

---

\*

Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.

\*\*

Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Average Annual Returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
| Fund: Schwab California Tax-Free Bond Fund (02/24/1992)<br>1,2<br>| 5.65% | &nbsp;&nbsp;&nbsp;&nbsp;4.69% | &nbsp;&nbsp;&nbsp;&nbsp;1.28% | &nbsp;&nbsp;&nbsp;&nbsp;1.91% |
| Bloomberg Municipal Bond Index<br>3<br>| 6.20% | &nbsp;&nbsp;&nbsp;&nbsp;4.96% | &nbsp;&nbsp;&nbsp;&nbsp;1.44% | &nbsp;&nbsp;&nbsp;&nbsp;2.43% |
| Bloomberg California Municipal 3-15 Year Blend Index<br>4<br>| 4.95% | &nbsp;&nbsp;&nbsp;&nbsp;6.02% | &nbsp;&nbsp;&nbsp;&nbsp;1.68% | &nbsp;&nbsp;&nbsp;&nbsp;N/A<br>5<br>|
| S&P California AMT-Free Municipal Bond Index | 5.93% | &nbsp;&nbsp;&nbsp;&nbsp;4.82% | &nbsp;&nbsp;&nbsp;&nbsp;1.35% | &nbsp;&nbsp;&nbsp;&nbsp;2.25% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the total return/yield may have been lower.

The Bloomberg Municipal Bond Index serves as the fund's regulatory index and provides a broad measure of market performance. The Bloomberg California Municipal

3-15 Year Blend Index is the fund's additional index and is more representative of the fund's investment universe than the regulatory index.

The Bloomberg California Municipal 3-15 Year Blend Index was established effective January 1, 2020. Performance shown prior to January 1, 2020 is based on a subset of

securities included in the Bloomberg Municipal 3-15 Year Blend Index.

Information not available to the fund.

Schwab California Tax-Free Bond Fund \| Semiannual Report

REG127157-01 00323333

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statistics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Net Assets (millions) | $590 |
| Number of Holdings | 427 |
| Portfolio Turnover Rate<br>(not annualized)<br>| 15% |
| 30-Day SEC Yield | 2.74% |
| 30-Day SEC Yield-No Waiver | 2.73% |
| 12-Month Distribution Yield | 3.57% |
| Weighted Average Maturity<br>(Source: Aladdin)<br>| 6.3 Yrs |
| Weighted Average Duration<br>(Source: Aladdin)<br>| 5.3 Yrs |

---

Portfolio Composition By Security Type % of Investments

![](g33141g6imgdabd44e72.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio Composition By Credit Quality % of Investments

![](g33141g6imgfd973de63.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio holdings may have changed since the report date.

Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the 30-Day SEC Yield and 12-Month Distribution Yield

may have been lower. The 30-Day SEC Yield-No Waiver is the yield if fund expenses had not been partially absorbed by the investment adviser and its affiliates.

Bloomberg Index Rating: Based on the middle rating of Moody's, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency

rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source:

Bloomberg Index Service Ltd.

2Schwab California Tax-Free Bond Fund \| Semiannual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

Schwab California Tax-Free Bond Fund \| Semiannual Report

------

![](g33141g7img7d3837141.jpg)

Semiannual Report \| February 28, 2026

Schwab Opportunistic Municipal Bond Fund

Ticker Symbol: SWHYX

------

This semiannual shareholder report contains important information about the fund for the period of September 1, 2025, to

February 28, 2026.

You can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

. You can

also request this information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

. If

you purchase or hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI),

reports to shareholders and other information about the fund are available from your financial intermediary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FUND COSTS FOR THE LAST six months ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab Opportunistic Municipal Bond Fund\* | $26 | &nbsp;&nbsp;0.50%<br>\*\*<br>|

---

\*

Expenses were reduced by a contractual fee waiver in effect for so long as the investment adviser serves as adviser to the fund.

\*\*

Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Average Annual Returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
| Fund: Schwab Opportunistic Municipal Bond Fund (03/31/2014)<br>1,2,3,4<br>| 7.16% | &nbsp;&nbsp;&nbsp;&nbsp;3.88% | &nbsp;&nbsp;&nbsp;&nbsp;1.10% | &nbsp;&nbsp;&nbsp;&nbsp;2.31% |
| Bloomberg Municipal Bond Index | 6.20% | &nbsp;&nbsp;&nbsp;&nbsp;4.96% | &nbsp;&nbsp;&nbsp;&nbsp;1.44% | &nbsp;&nbsp;&nbsp;&nbsp;2.43% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the total return/yield may have been lower.

Effective August 10, 2020, the Wasmer Schroeder High Yield Municipal Fund (the predecessor fund) was reorganized into the Schwab Opportunistic Municipal Bond Fund.

The performance and financial history prior to August 10, 2020 are that of the predecessor fund.

Inception date is that of the predecessor fund.

Schwab Opportunistic Municipal Bond Fund \| Semiannual Report

REG127173-01 00323348

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statistics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Net Assets (millions) | $102 |
| Number of Holdings | 355 |
| Portfolio Turnover Rate<br>(not annualized)<br>| 13% |
| 30-Day SEC Yield | 3.33% |
| 30-Day SEC Yield-No Waiver | 3.31% |
| 12-Month Distribution Yield | 3.62% |
| Weighted Average Maturity<br>(Source: Aladdin)<br>| 9.0 Yrs |
| Weighted Average Duration<br>(Source: Aladdin)<br>| 7.7 Yrs |

---

Portfolio Composition By Security Type % of Investments

![](g33141g7img46105bf32.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio Composition By Credit Quality % of Investments

![](g33141g7img1ee8092e3.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Portfolio holdings may have changed since the report date.

Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the 30-Day SEC Yield and 12-Month Distribution Yield

may have been lower. The 30-Day SEC Yield-No Waiver is the yield if fund expenses had not been partially absorbed by the investment adviser and its affiliates.

Bloomberg Index Rating: Based on the middle rating of Moody's, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency

rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source:

Bloomberg Index Service Ltd.

2Schwab Opportunistic Municipal Bond Fund \| Semiannual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

Schwab Opportunistic Municipal Bond Fund \| Semiannual Report

------

#### Item 2: Code of Ethics.
Not applicable to this semi-annual report.

#### Item 3: Audit Committee Financial Expert.
Not applicable to this semi-annual report.

#### Item 4: Principal Accountant Fees and Services.
Not applicable to this semi-annual report.

#### Item 5: Audit Committee of Listed Registrants.
Not applicable to this semi-annual report.

#### Item 6: Schedule of Investments.
The schedules of investments are included under Item 7 of this Form.

#### Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g892429img2a549a3f1.jpg)

**Semiannual Holdings and Financial Statements** \| February 28, 2026

Schwab Taxable Bond Funds

------

---

| | |
|:---|:---|
| Schwab Treasury Inflation Protected Securities Index Fund | **SWRSX** |
| Schwab U.S. Aggregate Bond Index Fund | **SWAGX** |
| Schwab Short-Term Bond Index Fund | **SWSBX** |

---

------

**In This Report**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **[Item 7 - Financial Statements and Financial Highlights for Open-End](#xx_89cf14e9-f83e-4769-9bf9-fdc565692b7f_1)**<br> **[Management Investment Companies](#xx_89cf14e9-f83e-4769-9bf9-fdc565692b7f_1)** <br>|  |
| [Financial Statements and Portfolio Holdings](#xx_89cf14e9-f83e-4769-9bf9-fdc565692b7f_1) <br>|  |
| [Schwab Treasury Inflation Protected Securities Index Fund](#xx_89cf14e9-f83e-4769-9bf9-fdc565692b7f_1) | 2 |
| [Schwab U.S.](#xx_c1ad49be-8669-4843-b6c9-385c1b3742e7_1)[Aggregate Bond Index Fund](#xx_c1ad49be-8669-4843-b6c9-385c1b3742e7_1) | 7 |
| [Schwab Short-Term Bond Index Fund](#xx_229c88b4-01c1-41e5-9e4f-217e1413c151_1) | 98 |
| [Financial Notes](#xx_2a184eb3-3eb1-4e0a-8335-9c22506864d9_1) | 137 |
| **[Item 8 – Changes in and Disagreements with Accountants for Open-End](#xx_f7881efc-50a3-4231-8bb5-0e394374a8b0_1)**<br> **[Management Investment Companies](#xx_f7881efc-50a3-4231-8bb5-0e394374a8b0_1)**<br>| 145 |
| **[Item 9 – Proxy Disclosures for Open-End Management Investment](#xx_f9c283f9-7ebf-473f-804a-285b39bb3a4e_1)**<br> **[Companies](#xx_f9c283f9-7ebf-473f-804a-285b39bb3a4e_1)**<br>| 146 |
| **[Item 10 - Remuneration Paid to Directors, Officers, and Others of Open-End](#xx_4ad39aa8-a2cf-496b-b4e6-091004fea148_1)**<br> **[Management Investment Companies](#xx_4ad39aa8-a2cf-496b-b4e6-091004fea148_1)**<br>| 147 |
| **[Item 11 - Statement Regarding Basis for Approval of Investment Advisory](#xx_7a8f0482-b094-4175-b268-96b53fbaeab2_1)**<br> **[Contract](#xx_7a8f0482-b094-4175-b268-96b53fbaeab2_1)**<br>| 148  |

---

Fund investment adviser: Charles Schwab Investment Management, Inc., dba Schwab Asset Management<sup>®</sup>

Distributor: Charles Schwab & Co., Inc. (Schwab)

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**1**

------

Schwab Treasury Inflation Protected Securities Index Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 9/1/25– <br>2/28/26\*<br>| 9/1/24– <br>8/31/25<br>| 9/1/23– <br>8/31/24<br>| 9/1/22– <br>8/31/23<br>| 9/1/21– <br>8/31/22<br>| 9/1/20– <br>8/31/21<br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $10.52 | &nbsp;&nbsp; $10.39 | &nbsp;&nbsp; $10.17 | &nbsp;&nbsp; $11.27 | &nbsp;&nbsp; $12.70 | &nbsp;&nbsp; $12.33 |
| Income (loss) from investment operations: |  |  |  |  |  |  |
| Net investment income (loss)<sup>1</sup> <br>| 0.11 | 0.39 | 0.37 | 0.30 | 0.90 | 0.59 |
| Net realized and unrealized gains (losses) | 0.11 | 0.11 | 0.23 | &nbsp;&nbsp; (0.72)<br>| &nbsp;&nbsp; (1.64)<br>| 0.07 |
| Total from investment operations | 0.22 | 0.50 | 0.60 | &nbsp;&nbsp; (0.42)<br>| &nbsp;&nbsp; (0.74)<br>| 0.66 |
| Less distributions: |  |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.59)<br>| &nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp; (0.28)<br>|
| Distributions from net realized gains  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (0.01)<br>|
| Total distributions | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.68)<br>| &nbsp;&nbsp; (0.69)<br>| &nbsp;&nbsp; (0.29)<br>|
| Net asset value at end of period | &nbsp;&nbsp; $10.50 | &nbsp;&nbsp; $10.52 | &nbsp;&nbsp; $10.39 | &nbsp;&nbsp; $10.17 | &nbsp;&nbsp; $11.27 | &nbsp;&nbsp; $12.70 |
| Total return | 2.12 %<sup>2</sup><br>| 4.89<br> %<br>| 6.07<br> %<br>| &nbsp;&nbsp; (3.67<br> %)<br>| &nbsp;&nbsp; (6.04<br> %)<br>| 5.48<br> %<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |  |
| Total expenses | 0.05 %<sup>3</sup><br>| 0.05<br> %<br>| 0.05<br> %<br>| 0.05 %<sup>4</sup><br>| 0.05 %<sup>4</sup><br>| 0.05<br> %<br>|
| Net investment income (loss) | 2.12 %<sup>3</sup><br>| 3.77<br> %<br>| 3.68<br> %<br>| 2.92<br> %<br>| 7.50<br> %<br>| 4.83<br> %<br>|
| Portfolio turnover rate | &nbsp;&nbsp; 14 %<sup>2</sup><br>| &nbsp;&nbsp; 31<br> %<br>| &nbsp;&nbsp; 31<br> %<br>| &nbsp;&nbsp; 44<br> %<br>| &nbsp;&nbsp; 37<br> %<br>| &nbsp;&nbsp; 25<br> %<br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $3042 | &nbsp;&nbsp; $2705 | &nbsp;&nbsp; $2479 | &nbsp;&nbsp; $2590 | &nbsp;&nbsp; $2750 | &nbsp;&nbsp; $2397 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Unaudited.

<sup>1</sup> Calculated based on the average shares outstanding during the period.

<sup>2</sup> Not annualized.

<sup>3</sup> Annualized.

<sup>4</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

*See financial notes*

**2**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Treasury Inflation Protected Securities Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited)

------

For fixed-rate securities, the rate shown is the interest rate (the rate established when the security was issued). The maturity date shown for all the securities is the final legal maturity. Inflation-protected securities are fixed-income securities whose principal value is periodically adjusted by the rate of inflation. The interest rate on these instruments is generally lower at issuance than typical bonds or notes. Over the life of an inflation-indexed instrument interest will be paid based on a principal value, which is adjusted for any inflation or deflation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TREASURIES** 99.7% OF NET ASSETS | **TREASURIES** 99.7% OF NET ASSETS | **TREASURIES** 99.7% OF NET ASSETS |
| **U.S. Treasury Inflation Protected Securities** | **U.S. Treasury Inflation Protected Securities** | **U.S. Treasury Inflation Protected Securities** |
| 0.13%, 04/15/27  | 90863491 | 90125225 |
| 0.38%, 07/15/27  | 80212945 | 80103278 |
| 1.63%, 10/15/27  | 91114814 | 92618565 |
| 0.50%, 01/15/28  | 82112735 | 81570662 |
| 1.75%, 01/15/28  | 33730217 | 34292826 |
| 1.25%, 04/15/28  | 89799817 | 90362819 |
| 3.63%, 04/15/28  | 34760478 | 36736123 |
| 0.75%, 07/15/28  | 71157231 | 71175299 |
| 2.38%, 10/15/28  | 92565238 | 96345588 |
| 0.88%, 01/15/29  | 61660361 | 61539931 |
| 2.50%, 01/15/29  | 31455382 | 32835855 |
| 2.13%, 04/15/29  | 93698319 | 96864297 |
| 3.88%, 04/15/29  | 39837871 | 43328354 |
| 0.25%, 07/15/29  | 72719686 | 71204219 |
| 1.63%, 10/15/29  | 98099675 | 100496602 |
| 0.13%, 01/15/30  | 82137030 | 79289506 |
| 1.63%, 04/15/30  | 101790856 | 103930055 |
| 0.13%, 07/15/30  | 89910872 | 86544482 |
| 1.13%, 10/15/30  | 104352932 | 104683111 |
| 0.13%, 01/15/31  | 93276637 | 88820491 |
| 0.13%, 07/15/31  | 94813700 | 89874869 |
| 0.13%, 01/15/32  | 103128117 | 96533557 |
| 3.38%, 04/15/32  | 14634536 | 16448703 |
| 0.63%, 07/15/32  | 107017782 | 102885474 |
| 1.13%, 01/15/33  | 105715496 | 103962519 |
| 1.38%, 07/15/33  | 103508108 | 103407026 |
| 1.75%, 01/15/34  | 109721637 | 111751058 |
| 1.88%, 07/15/34  | 113908330 | 117160948 |
| 2.13%, 01/15/35  | 119650888 | 124672954 |
| 1.88%, 07/15/35  | 123852875 | 126487168 |
| 1.88%, 01/15/36  | 43639854 | 44324283 |
| 2.13%, 02/15/40  | 18531479 | 18872792 |
| 2.13%, 02/15/41  | 27676810 | 27902765 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 0.75%, 02/15/42  | 43355941 | 34967583 |
| 0.63%, 02/15/43  | 35065071 | 27102150 |
| 1.38%, 02/15/44  | 48074141 | 41685539 |
| 0.75%, 02/15/45  | 53169651 | 40282242 |
| 1.00%, 02/15/46  | 27225608 | 21301911 |
| 0.88%, 02/15/47  | 33310938 | 24978649 |
| 1.00%, 02/15/48  | 24138752 | 18348281 |
| 1.00%, 02/15/49  | 21953591 | 16458333 |
| 0.25%, 02/15/50  | 34193406 | 20622230 |
| 0.13%, 02/15/51  | 33600201 | 19081239 |
| 0.13%, 02/15/52  | 40337947 | 22396227 |
| 1.50%, 02/15/53  | 36582530 | 29709731 |
| 2.13%, 02/15/54  | 37202399 | 34755178 |
| 2.38%, 02/15/55  | 36376362 | 35881161 |
| 2.38%, 02/15/56  | 18754188 | 18525621 |
| **Total Treasuries** <br>**(Cost $3,078,409,972)** | **Total Treasuries** <br>**(Cost $3,078,409,972)** | **3033247479** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 0.1% OF NET ASSETS | **Short-Term Investments** 0.1% OF NET ASSETS | **Short-Term Investments** 0.1% OF NET ASSETS |
| **Money Market Funds 0.1%** | **Money Market Funds 0.1%** | **Money Market Funds 0.1%** |
| State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 3.63% *(a)*<br>| 3367028 | 3367028 |
| **Total Short-Term Investments** <br>**(Cost $3,367,028)** | **Total Short-Term Investments** <br>**(Cost $3,367,028)** | **3367028** |
| **Total Investments in Securities** <br>**(Cost $3,081,777,000)** | **Total Investments in Securities** <br>**(Cost $3,081,777,000)** | **3036614507** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* The rate shown is the annualized 7-day yield.

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN <br>ACTIVE MARKETS FOR <br>IDENTICAL ASSETS <br>(LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT <br>OBSERVABLE INPUTS <br>(LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT <br>UNOBSERVABLE INPUTS <br>(LEVEL 3)<br>| TOTAL |
| **<u>Assets</u>** |  |  |  |  |
| Treasuries<sup>1</sup> <br>| $— | &nbsp;&nbsp; $3033247479 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3033247479 |
| Short-Term Investments<sup>1</sup> <br>| 3367028 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3367028 |
| **Total** | **$3367028** | &nbsp;&nbsp; **$3033247479** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$3036614507** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings.

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**3**

------

Schwab Treasury Inflation Protected Securities Index Fund

Statement of Assets and Liabilities

------

As of February 28, 2026; unaudited

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated issuers (cost $3,081,777,000) |  | $3036614507 |
| Receivables: |  |  |
| Fund shares sold |  | 163790481 |
| Investments sold |  | 67475734 |
| Interest |  | 7858878 |
| Dividends | + | 5461 |
| **Total assets** |  | **3275745061** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Payables: |  |  |
| Fund shares redeemed |  | 213782737 |
| Investments bought |  | 19381279 |
| Investment adviser fees | + | 117172 |
| **Total liabilities** |  | **233281188** |
| **Net assets** |  | **$3042463873** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $3369734792 |
| Total distributable loss | + | (327270919)<br>|
| **Net assets** |  | **$3042463873** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $3042463873 |  | &nbsp;&nbsp;&nbsp;&nbsp; 289650747 |  | &nbsp;&nbsp;&nbsp;&nbsp; $10.50 |

---

*See financial notes*

**4**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Treasury Inflation Protected Securities Index Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| Interest received from securities - unaffiliated issuers |  | $31004571 |
| Dividends received from securities - unaffiliated issuers  | + | 44686 |
| **Total investment income**  |  | **31049257** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | 714950 |
| **Total expenses** | – | **714950** |
| **Net investment income** |  | **30334307** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| **Net realized losses on sales of securities - unaffiliated issuers**  |  | **(10681147)**<br>|
| **Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers** | + | **43890975** |
| **Net realized and unrealized gains** |  | **33209828** |
| **Increase in net assets resulting from operations** |  | **$63544135** |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**5**

------

Schwab Treasury Inflation Protected Securities Index Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

Figures for the current period are unaudited

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 |
| Net investment income |  | $30334307 | &nbsp;&nbsp;&nbsp; $95102691 |
| Net realized losses |  | (10681147)<br>| &nbsp;&nbsp;&nbsp; (33131642)<br>|
| Net change in unrealized appreciation (depreciation) | + | 43890975 | &nbsp;&nbsp;&nbsp; 60704131 |
| **Increase in net assets resulting from operations** |  | **$63544135** | &nbsp;&nbsp;&nbsp; **$122675180** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($64785671)**<br>| &nbsp;&nbsp;&nbsp; **($88811994)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 71521864 | &nbsp;&nbsp;&nbsp; $748633500 | &nbsp;&nbsp;&nbsp; 78947813 | &nbsp;&nbsp;&nbsp; $814265769 |
| Shares reinvested |  | 5824472 | &nbsp;&nbsp;&nbsp; 60410208 | &nbsp;&nbsp;&nbsp; 6363252 | &nbsp;&nbsp;&nbsp; 65844986 |
| Shares redeemed | + | (44865489)<br>| &nbsp;&nbsp;&nbsp; (469902744)<br>| &nbsp;&nbsp;&nbsp; (66681471)<br>| &nbsp;&nbsp;&nbsp; (688137106)<br>|
| **Net transactions in fund shares**  |  | **32480847** | &nbsp;&nbsp;&nbsp; **$339140964** | &nbsp;&nbsp;&nbsp; **18629594** | &nbsp;&nbsp;&nbsp; **$191973649** |
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 257169900 | &nbsp;&nbsp;&nbsp; $2704564445 | &nbsp;&nbsp;&nbsp; 238540306 | &nbsp;&nbsp;&nbsp; $2478727610 |
| Total increase | + | 32480847 | &nbsp;&nbsp;&nbsp; 337899428 | &nbsp;&nbsp;&nbsp; 18629594 | &nbsp;&nbsp;&nbsp; 225836835 |
| **End of period** |  | **289650747** | &nbsp;&nbsp;&nbsp; **$3042463873** | &nbsp;&nbsp;&nbsp; **257169900** | &nbsp;&nbsp;&nbsp; **$2704564445** |

---

*See financial notes*

**6**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 9/1/25– <br>2/28/26\*<br>| 9/1/24– <br>8/31/25<br>| 9/1/23– <br>8/31/24<br>| 9/1/22– <br>8/31/23<br>| 9/1/21– <br>8/31/22<br>| 9/1/20– <br>8/31/21<br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $8.97 | &nbsp;&nbsp; $9.05 | &nbsp;&nbsp; $8.76 | &nbsp;&nbsp; $9.15 | &nbsp;&nbsp; $10.57 | &nbsp;&nbsp; $10.84 |
| Income (loss) from investment operations: |  |  |  |  |  |  |
| Net investment income (loss)<sup>1</sup> <br>| 0.18 | 0.35 | 0.32 | 0.26 | 0.19 | 0.18 |
| Net realized and unrealized gains (losses) | 0.17 | &nbsp;&nbsp; (0.07)<br>| 0.30 | &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (1.39)<br>| &nbsp;&nbsp; (0.22)<br>|
| Total from investment operations | 0.35 | 0.28 | 0.62 | &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; (1.20)<br>| &nbsp;&nbsp; (0.04)<br>|
| Less distributions: |  |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.33)<br>| &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; (0.22)<br>|
| Distributions from net realized gains  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.01)<br>|
| Total distributions | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.33)<br>| &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; (0.23)<br>|
| Net asset value at end of period | &nbsp;&nbsp; $9.14 | &nbsp;&nbsp; $8.97 | &nbsp;&nbsp; $9.05 | &nbsp;&nbsp; $8.76 | &nbsp;&nbsp; $9.15 | &nbsp;&nbsp; $10.57 |
| Total return | 3.97 %<sup>2</sup><br>| 3.17<br> %<br>| 7.23<br> %<br>| &nbsp;&nbsp; (1.34<br> %)<br>| &nbsp;&nbsp; (11.51<br> %)<br>| &nbsp;&nbsp; (0.30<br> %)<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |  |
| Total expenses | 0.04 %<sup>3</sup><br>| 0.04<br> %<br>| 0.04<br> %<br>| 0.04 %<sup>4</sup><br>| 0.04 %<sup>4</sup><br>| 0.04<br> %<br>|
| Net investment income (loss) | 4.00 %<sup>3</sup><br>| 3.97<br> %<br>| 3.67<br> %<br>| 2.91<br> %<br>| 1.93<br> %<br>| 1.66<br> %<br>|
| Portfolio turnover rate<sup>5</sup> <br>| &nbsp;&nbsp; 18 %<sup>2</sup><br>| &nbsp;&nbsp; 42<br> %<br>| &nbsp;&nbsp; 60<br> %<br>| &nbsp;&nbsp; 71<br> %<br>| &nbsp;&nbsp; 58<br> %<br>| &nbsp;&nbsp; 56<br> %<br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $5985 | &nbsp;&nbsp; $5332 | &nbsp;&nbsp; $5144 | &nbsp;&nbsp; $4521 | &nbsp;&nbsp; $4440 | &nbsp;&nbsp; $5510 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Unaudited.

<sup>1</sup> Calculated based on the average shares outstanding during the period.

<sup>2</sup> Not annualized.

<sup>3</sup> Annualized.

<sup>4</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>5</sup> Portfolio turnover rate includes to-be-announced (TBA) transactions (if any).

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**7**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited)

------

Generally, for fixed rate securities, the rate shown is the interest rate that was established when the security was issued and when a security is purchased with a zero coupon rate, the effective yield at the time of purchase is shown. In some cases, for securitized products, the fixed interest rate can change but remains index eligible as a fixed rate coupon. All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CORPORATES** 23.6% OF NET ASSETS | **CORPORATES** 23.6% OF NET ASSETS | **CORPORATES** 23.6% OF NET ASSETS |
| **Financial Institutions 7.7%** | **Financial Institutions 7.7%** | **Financial Institutions 7.7%** |
| ***Banking 5.2%***  | ***Banking 5.2%***  | ***Banking 5.2%***  |
| **Ally Financial, Inc.** | **Ally Financial, Inc.** | **Ally Financial, Inc.** |
| 4.75%, 06/09/27 *(a)* | 150000 | 151194 |
| 7.10%, 11/15/27 *(a)* | 150000 | 157136 |
| 2.20%, 11/02/28 *(a)* | 100000 | 95245 |
| 5.74%, 05/15/29 *(a)(b)* | 100000 | 102736 |
| 6.99%, 06/13/29 *(a)(b)* | 150000 | 158006 |
| 6.85%, 01/03/30 *(a)(b)* | 150000 | 158750 |
| 5.54%, 01/17/31 *(a)(b)* | 150000 | 154340 |
| 8.00%, 11/01/31  | 450000 | 511046 |
| 5.55%, 07/31/33 *(a)(b)* | 100000 | 100821 |
| 6.18%, 07/26/35 *(a)(b)* | 150000 | 154928 |
| **American Express Co.** | **American Express Co.** | **American Express Co.** |
| 2.55%, 03/04/27 *(a)* | 350000 | 346087 |
| 3.30%, 05/03/27 *(a)* | 300000 | 298482 |
| 5.85%, 11/05/27 *(a)* | 250000 | 258020 |
| 5.04%, 07/26/28 *(a)(b)* | 200000 | 203138 |
| 4.01%, 02/09/29 *(a)(b)* | 250000 | 250755 |
| 4.73%, 04/25/29 *(a)(b)* | 300000 | 305001 |
| 4.05%, 05/03/29 *(a)* | 200000 | 201648 |
| 4.35%, 07/20/29 *(a)(b)* | 270000 | 272522 |
| 5.28%, 07/27/29 *(a)(b)* | 300000 | 309075 |
| 5.53%, 04/25/30 *(a)(b)* | 250000 | 261310 |
| 5.09%, 01/30/31 *(a)(b)* | 250000 | 258387 |
| 5.02%, 04/25/31 *(a)(b)* | 250000 | 258112 |
| 6.49%, 10/30/31 *(a)(b)* | 250000 | 273895 |
| 4.46%, 02/10/32 *(a)(b)* | 200000 | 202060 |
| 4.99%, 05/26/33 *(a)(b)* | 100000 | 102167 |
| 4.92%, 07/20/33 *(a)(b)* | 310000 | 317493 |
| 4.42%, 08/03/33 *(a)(b)* | 250000 | 249953 |
| 5.04%, 05/01/34 *(a)(b)* | 200000 | 205536 |
| 5.63%, 07/28/34 *(a)(b)* | 100000 | 105060 |
| 5.92%, 04/25/35 *(a)(b)* | 100000 | 106862 |
| 5.28%, 07/26/35 *(a)(b)* | 300000 | 311526 |
| 5.44%, 01/30/36 *(a)(b)* | 250000 | 260735 |
| 5.67%, 04/25/36 *(a)(b)* | 250000 | 264890 |
| 4.80%, 10/24/36 *(a)(b)* | 350000 | 346930 |
| 5.41%, 02/08/41 *(a)(b)* | 100000 | 102147 |
| 4.05%, 12/03/42  | 250000 | 218490 |
| **American Express Credit Corp.** | **American Express Credit Corp.** | **American Express Credit Corp.** |
| 3.30%, 05/03/27 *(a)* | 100000 | 99477 |
| **Associated Banc-Corp.** | **Associated Banc-Corp.** | **Associated Banc-Corp.** |
| 6.46%, 08/29/30 *(a)(b)* | 75000 | 78419 |
| **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** |
| 4.90%, 07/16/27  | 250000 | 254115 |
| 3.92%, 09/30/27  | 250000 | 251133 |
| 4.62%, 12/16/29  | 250000 | 257265 |
| **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** |
| 4.15%, 03/03/29  | 400000 | 400068 |
| 5.38%, 03/13/29  | 200000 | 208062 |
| 7.88%, 11/15/34 *(a)(b)* | 200000 | 233506 |
| 6.03%, 03/13/35 *(a)(b)* | 200000 | 213962 |
| 5.13%, 03/03/36  | 400000 | 397956 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Banco Santander SA** | **Banco Santander SA** | **Banco Santander SA** |
| 4.25%, 04/11/27  | 200000 | 200482 |
| 5.29%, 08/18/27  | 400000 | 407192 |
| 3.80%, 02/23/28  | 200000 | 199298 |
| 5.55%, 03/14/28 *(a)(b)* | 200000 | 202992 |
| 4.18%, 03/24/28 *(a)(b)* | 200000 | 200162 |
| 4.38%, 04/12/28  | 200000 | 201372 |
| 5.37%, 07/15/28 *(a)(b)* | 200000 | 203556 |
| 5.59%, 08/08/28  | 400000 | 414564 |
| 6.61%, 11/07/28  | 200000 | 213070 |
| 3.31%, 06/27/29  | 200000 | 195440 |
| 5.57%, 01/17/30  | 200000 | 209576 |
| 5.54%, 03/14/30 *(a)(b)* | 200000 | 207732 |
| 3.49%, 05/28/30  | 200000 | 194292 |
| 4.55%, 11/06/30  | 200000 | 201652 |
| 2.75%, 12/03/30  | 200000 | 184086 |
| 2.96%, 03/25/31  | 200000 | 187150 |
| 5.44%, 07/15/31  | 200000 | 211488 |
| 3.23%, 11/22/32 *(a)(b)* | 200000 | 184502 |
| 6.92%, 08/08/33  | 400000 | 444784 |
| 6.94%, 11/07/33  | 400000 | 461452 |
| 6.35%, 03/14/34  | 200000 | 216026 |
| 6.03%, 01/17/35  | 200000 | 215584 |
| 5.13%, 11/06/35  | 200000 | 201236 |
| **Bank of America Corp.** | **Bank of America Corp.** | **Bank of America Corp.** |
| 3.25%, 10/21/27 *(a)* | 500000 | 496075 |
| 4.18%, 11/25/27 *(a)* | 350000 | 350472 |
| 3.71%, 04/24/28 *(a)(b)* | 350000 | 348880 |
| 4.38%, 04/27/28 *(a)(b)* | 400000 | 401812 |
| 3.59%, 07/21/28 *(a)(b)* | 400000 | 397740 |
| 4.95%, 07/22/28 *(a)(b)* | 500000 | 506270 |
| 6.20%, 11/10/28 *(a)(b)* | 400000 | 414308 |
| 3.42%, 12/20/28 *(a)(b)* | 1100000 | 1088923 |
| 4.98%, 01/24/29 *(a)(b)* | 450000 | 458005 |
| 3.97%, 03/05/29 *(a)(b)* | 500000 | 499735 |
| 5.20%, 04/25/29 *(a)(b)* | 600000 | 614808 |
| 4.62%, 05/09/29 *(a)(b)* | 400000 | 405636 |
| 2.09%, 06/14/29 *(a)(b)* | 750000 | 718792 |
| 4.27%, 07/23/29 *(a)(b)* | 550000 | 553140 |
| 5.82%, 09/15/29 *(a)(b)* | 525000 | 547648 |
| 3.97%, 02/07/30 *(a)(b)* | 575000 | 574477 |
| 3.19%, 07/23/30 *(a)(b)* | 450000 | 437710 |
| 2.88%, 10/22/30 *(a)(b)* | 350000 | 335482 |
| 5.16%, 01/24/31 *(a)(b)* | 500000 | 518985 |
| 2.50%, 02/13/31 *(a)(b)* | 650000 | 610499 |
| 2.59%, 04/29/31 *(a)(b)* | 550000 | 517038 |
| 1.90%, 07/23/31 *(a)(b)* | 525000 | 476553 |
| 1.92%, 10/24/31 *(a)(b)* | 450000 | 405940 |
| 4.46%, 02/06/32 *(a)(b)* | 650000 | 654888 |
| 2.65%, 03/11/32 *(a)(b)* | 400000 | 371192 |
| 2.69%, 04/22/32 *(a)(b)* | 800000 | 741184 |
| 2.30%, 07/21/32 *(a)(b)* | 750000 | 676590 |
| 2.57%, 10/20/32 *(a)(b)* | 600000 | 546390 |
| 2.97%, 02/04/33 *(a)(b)* | 700000 | 647248 |
| 4.57%, 04/27/33 *(a)(b)* | 775000 | 778766 |
| 5.02%, 07/22/33 *(a)(b)* | 900000 | 926208 |
| 5.29%, 04/25/34 *(a)(b)* | 950000 | 986613 |
| 5.87%, 09/15/34 *(a)(b)* | 700000 | 751597 |
| 5.47%, 01/23/35 *(a)(b)* | 900000 | 943632 |
| 5.43%, 08/15/35 *(a)(b)* | 450000 | 461142 |

---

*See financial notes*

**8**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.52%, 10/25/35 *(a)(b)* | 650000 | 667836 |
| 5.51%, 01/24/36 *(a)(b)* | 650000 | 681980 |
| 5.74%, 02/12/36 *(a)(b)* | 450000 | 470470 |
| 5.46%, 05/09/36 *(a)(b)* | 350000 | 366779 |
| 2.48%, 09/21/36 *(a)(b)* | 400000 | 353688 |
| 6.11%, 01/29/37  | 350000 | 378350 |
| 5.05%, 02/06/37 *(a)(b)* | 750000 | 760935 |
| 3.85%, 03/08/37 *(a)(b)* | 425000 | 402318 |
| 4.24%, 04/24/38 *(a)(b)* | 350000 | 328380 |
| 7.75%, 05/14/38  | 320000 | 392413 |
| 4.08%, 04/23/40 *(a)(b)* | 325000 | 292289 |
| 2.68%, 06/19/41 *(a)(b)* | 950000 | 706477 |
| 5.88%, 02/07/42  | 275000 | 295883 |
| 3.31%, 04/22/42 *(a)(b)* | 650000 | 517868 |
| 5.00%, 01/21/44  | 350000 | 340767 |
| 4.88%, 04/01/44  | 100000 | 96786 |
| 4.75%, 04/21/45  | 100000 | 91900 |
| 4.44%, 01/20/48 *(a)(b)* | 425000 | 373430 |
| 3.95%, 01/23/49 *(a)(b)* | 250000 | 202040 |
| 4.33%, 03/15/50 *(a)(b)* | 500000 | 425000 |
| 4.08%, 03/20/51 *(a)(b)* | 1000000 | 811530 |
| 2.83%, 10/24/51 *(a)(b)* | 200000 | 129194 |
| 3.48%, 03/13/52 *(a)(b)* | 200000 | 146132 |
| 2.97%, 07/21/52 *(a)(b)* | 350000 | 231606 |
| **Bank of America NA** | **Bank of America NA** | **Bank of America NA** |
| 6.00%, 10/15/36  | 418000 | 454249 |
| **Bank of Montreal** | **Bank of Montreal** | **Bank of Montreal** |
| 2.65%, 03/08/27  | 250000 | 247365 |
| 5.37%, 06/04/27  | 150000 | 152861 |
| 4.70%, 09/14/27 *(a)* | 200000 | 202568 |
| 5.20%, 02/01/28 *(a)* | 250000 | 256335 |
| 4.06%, 09/22/28 *(a)(b)* | 130000 | 130347 |
| 5.72%, 09/25/28 *(a)* | 200000 | 208576 |
| 5.00%, 01/27/29 *(a)(b)* | 100000 | 101986 |
| 4.64%, 09/10/30 *(a)(b)* | 150000 | 152735 |
| 5.51%, 06/04/31 *(a)* | 150000 | 158951 |
| 4.35%, 09/22/31 *(a)(b)* | 180000 | 181184 |
| 4.44%, 01/14/32 *(a)(b)* | 200000 | 201160 |
| 3.80%, 12/15/32 *(a)(b)* | 200000 | 198424 |
| 3.09%, 01/10/37 *(a)(b)* | 200000 | 182774 |
| **Bank of New York Mellon** | **Bank of New York Mellon** | **Bank of New York Mellon** |
| 4.73%, 04/20/29 *(a)(b)* | 250000 | 254238 |
| **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** |
| 3.25%, 05/16/27 *(a)* | 250000 | 248973 |
| 3.40%, 01/29/28 *(a)* | 200000 | 198994 |
| 3.85%, 04/28/28  | 150000 | 150642 |
| 4.44%, 06/09/28 *(a)(b)* | 140000 | 141033 |
| 4.89%, 07/21/28 *(a)(b)* | 200000 | 202982 |
| 5.80%, 10/25/28 *(a)(b)* | 250000 | 257798 |
| 3.00%, 10/30/28 *(a)* | 150000 | 146459 |
| 1.90%, 01/25/29 *(a)* | 100000 | 94999 |
| 4.54%, 02/01/29 *(a)(b)* | 150000 | 151757 |
| 3.85%, 04/26/29 *(a)* | 100000 | 100419 |
| 3.30%, 08/23/29 *(a)* | 150000 | 146654 |
| 6.32%, 10/25/29 *(a)(b)* | 200000 | 211700 |
| 4.98%, 03/14/30 *(a)(b)* | 150000 | 154410 |
| 4.60%, 07/26/30 *(a)(b)* | 100000 | 102063 |
| 1.65%, 01/28/31 *(a)* | 100000 | 89932 |
| 4.94%, 02/11/31 *(a)(b)* | 250000 | 257935 |
| 1.80%, 07/28/31 *(a)* | 100000 | 88980 |
| 2.50%, 01/26/32 *(a)* | 100000 | 91673 |
| 5.06%, 07/22/32 *(a)(b)* | 200000 | 208148 |
| 4.29%, 06/13/33 *(a)(b)* | 200000 | 198632 |
| 5.83%, 10/25/33 *(a)(b)* | 250000 | 270817 |
| 4.71%, 02/01/34 *(a)(b)* | 150000 | 152001 |
| 4.97%, 04/26/34 *(a)(b)* | 200000 | 205432 |
| 6.47%, 10/25/34 *(a)(b)* | 100000 | 112211 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.19%, 03/14/35 *(a)(b)* | 200000 | 208112 |
| 5.23%, 11/20/35 *(a)(b)* | 150000 | 156224 |
| 5.32%, 06/06/36 *(a)(b)* | 140000 | 146121 |
| 5.61%, 07/21/39 *(a)(b)* | 100000 | 105369 |
| **Bank of Nova Scotia** | **Bank of Nova Scotia** | **Bank of Nova Scotia** |
| 2.95%, 03/11/27  | 150000 | 148875 |
| 5.40%, 06/04/27  | 150000 | 153000 |
| 5.25%, 06/12/28  | 150000 | 154566 |
| 4.40%, 09/08/28 *(a)(b)* | 200000 | 201322 |
| 4.04%, 09/15/28 *(a)(b)* | 140000 | 140210 |
| 4.93%, 02/14/29 *(a)(b)* | 200000 | 203734 |
| 5.45%, 08/01/29  | 125000 | 130930 |
| 4.85%, 02/01/30  | 200000 | 205854 |
| 4.25%, 02/02/30 *(a)(b)* | 250000 | 251398 |
| 5.13%, 02/14/31 *(a)(b)* | 150000 | 155405 |
| 2.15%, 08/01/31  | 150000 | 135552 |
| 4.34%, 09/15/31 *(a)(b)* | 150000 | 150474 |
| 2.45%, 02/02/32  | 150000 | 135860 |
| 4.74%, 11/10/32 *(a)(b)* | 150000 | 152778 |
| 5.65%, 02/01/34  | 150000 | 160563 |
| 4.81%, 02/02/34 *(a)(b)* | 250000 | 252988 |
| 4.59%, 05/04/37 *(a)(b)* | 200000 | 196594 |
| **BankUnited, Inc.** | **BankUnited, Inc.** | **BankUnited, Inc.** |
| 5.13%, 06/11/30 *(a)* | 75000 | 75874 |
| **Barclays PLC** | **Barclays PLC** | **Barclays PLC** |
| 4.34%, 01/10/28 *(a)* | 200000 | 200486 |
| 5.67%, 03/12/28 *(a)(b)* | 200000 | 203162 |
| 4.84%, 05/09/28 *(a)* | 450000 | 453429 |
| 5.50%, 08/09/28 *(a)(b)* | 300000 | 305880 |
| 4.84%, 09/10/28 *(a)(b)* | 200000 | 202142 |
| 7.39%, 11/02/28 *(a)(b)* | 250000 | 263187 |
| 5.09%, 02/25/29 *(a)(b)* | 250000 | 254665 |
| 4.97%, 05/16/29 *(a)(b)* | 250000 | 254440 |
| 6.49%, 09/13/29 *(a)(b)* | 200000 | 211228 |
| 4.48%, 11/11/29 *(a)(b)* | 300000 | 302358 |
| 5.69%, 03/12/30 *(a)(b)* | 350000 | 364878 |
| 5.09%, 06/20/30 *(a)(b)* | 300000 | 306078 |
| 4.94%, 09/10/30 *(a)(b)* | 250000 | 255695 |
| 5.37%, 02/25/31 *(a)(b)* | 350000 | 363373 |
| 2.65%, 06/24/31 *(a)(b)* | 300000 | 280410 |
| 4.52%, 02/24/32 *(a)(b)* | 200000 | 200310 |
| 2.67%, 03/10/32 *(a)(b)* | 200000 | 184114 |
| 2.89%, 11/24/32 *(a)(b)* | 250000 | 229350 |
| 5.75%, 08/09/33 *(a)(b)* | 200000 | 211848 |
| 7.44%, 11/02/33 *(a)(b)* | 350000 | 401786 |
| 6.22%, 05/09/34 *(a)(b)* | 400000 | 432968 |
| 7.12%, 06/27/34 *(a)(b)* | 250000 | 280790 |
| 6.69%, 09/13/34 *(a)(b)* | 250000 | 277955 |
| 5.34%, 09/10/35 *(a)(b)* | 400000 | 409164 |
| 3.56%, 09/23/35 *(a)(b)* | 150000 | 143052 |
| 5.79%, 02/25/36 *(a)(b)* | 350000 | 366751 |
| 5.21%, 02/24/37 *(a)(b)* | 275000 | 274706 |
| 3.81%, 03/10/42 *(a)(b)* | 200000 | 162816 |
| 3.33%, 11/24/42 *(a)(b)* | 200000 | 156048 |
| 5.25%, 08/17/45  | 400000 | 391192 |
| 5.86%, 08/11/46 *(a)(b)* | 250000 | 257983 |
| 4.95%, 01/10/47  | 200000 | 187060 |
| 6.04%, 03/12/55 *(a)(b)* | 200000 | 214978 |
| **BOKF NA** | **BOKF NA** | **BOKF NA** |
| 6.11%, 11/06/40 *(a)(b)* | 250000 | 261875 |
| **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** |
| 3.45%, 04/07/27 *(a)* | 200000 | 199382 |
| 5.24%, 06/28/27  | 200000 | 203686 |
| 5.00%, 04/28/28 *(a)* | 250000 | 255800 |
| 4.24%, 09/08/28 *(a)(b)* | 200000 | 200986 |
| 5.99%, 10/03/28 *(a)* | 200000 | 209892 |
| 4.86%, 03/30/29 *(a)(b)* | 250000 | 254485 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**9**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.26%, 04/08/29 *(a)* | 200000 | 207512 |
| 4.28%, 01/29/30 *(a)(b)* | 300000 | 302052 |
| 4.63%, 09/11/30 *(a)(b)* | 200000 | 203576 |
| 5.25%, 01/13/31 *(a)(b)* | 200000 | 207784 |
| 4.58%, 09/08/31 *(a)(b)* | 200000 | 203196 |
| 3.60%, 04/07/32 *(a)* | 200000 | 192722 |
| 6.09%, 10/03/33 *(a)* | 250000 | 274370 |
| **Capital One Financial Corp.** | **Capital One Financial Corp.** | **Capital One Financial Corp.** |
| 3.75%, 03/09/27 *(a)* | 300000 | 299589 |
| 3.65%, 05/11/27 *(a)* | 250000 | 249200 |
| 3.80%, 01/31/28 *(a)* | 200000 | 199406 |
| 4.93%, 05/10/28 *(a)(b)* | 300000 | 303099 |
| 5.47%, 02/01/29 *(a)(b)* | 200000 | 205094 |
| 6.31%, 06/08/29 *(a)(b)* | 300000 | 313746 |
| 5.70%, 02/01/30 *(a)(b)* | 200000 | 208334 |
| 3.27%, 03/01/30 *(a)(b)* | 200000 | 195114 |
| 5.25%, 07/26/30 *(a)(b)* | 200000 | 206630 |
| 5.46%, 07/26/30 *(a)(b)* | 200000 | 207548 |
| 4.49%, 09/11/31 *(a)(b)* | 220000 | 220147 |
| 7.62%, 10/30/31 *(a)(b)* | 300000 | 339018 |
| 4.72%, 01/30/32 *(a)(b)* | 375000 | 377974 |
| 2.36%, 07/29/32 *(a)(b)* | 150000 | 132291 |
| 2.62%, 11/02/32 *(a)(b)* | 200000 | 181248 |
| 6.70%, 11/29/32 *(a)* | 150000 | 166956 |
| 5.27%, 05/10/33 *(a)(b)* | 200000 | 205412 |
| 5.82%, 02/01/34 *(a)(b)* | 250000 | 263892 |
| 6.38%, 06/08/34 *(a)(b)* | 300000 | 325545 |
| 7.96%, 11/02/34 *(a)(b)* | 150000 | 176613 |
| 6.05%, 02/01/35 *(a)(b)* | 200000 | 212618 |
| 5.88%, 07/26/35 *(a)(b)* | 200000 | 210832 |
| 6.18%, 01/30/36 *(a)(b)* | 300000 | 312204 |
| 5.20%, 09/11/36 *(a)(b)* | 260000 | 259433 |
| 5.40%, 01/30/37 *(a)(b)* | 275000 | 277585 |
| **Capital One NA** | **Capital One NA** | **Capital One NA** |
| 4.65%, 09/13/28 *(a)* | 250000 | 253933 |
| **Citibank NA** | **Citibank NA** | **Citibank NA** |
| 4.58%, 05/29/27 *(a)* | 400000 | 403588 |
| 5.80%, 09/29/28 *(a)* | 650000 | 680680 |
| 4.84%, 08/06/29 *(a)* | 250000 | 256858 |
| 4.91%, 05/29/30 *(a)* | 500000 | 516350 |
| 5.57%, 04/30/34 *(a)* | 550000 | 584974 |
| **Citigroup, Inc.** | **Citigroup, Inc.** | **Citigroup, Inc.** |
| 4.45%, 09/29/27  | 680000 | 684141 |
| 6.63%, 01/15/28  | 100000 | 105086 |
| 4.64%, 05/07/28 *(a)(b)* | 400000 | 402848 |
| 4.66%, 05/24/28 *(a)(b)* | 300000 | 302259 |
| 3.67%, 07/24/28 *(a)(b)* | 500000 | 497665 |
| 4.13%, 07/25/28  | 350000 | 350514 |
| 3.52%, 10/27/28 *(a)(b)* | 400000 | 397008 |
| 4.79%, 03/04/29 *(a)(b)* | 400000 | 405908 |
| 4.08%, 04/23/29 *(a)(b)* | 400000 | 400404 |
| 5.17%, 02/13/30 *(a)(b)* | 500000 | 515180 |
| 3.98%, 03/20/30 *(a)(b)* | 450000 | 448627 |
| 4.54%, 09/19/30 *(a)(b)* | 550000 | 556462 |
| 2.98%, 11/05/30 *(a)(b)* | 400000 | 383428 |
| 2.67%, 01/29/31 *(a)(b)* | 400000 | 377704 |
| 4.41%, 03/31/31 *(a)(b)* | 700000 | 703808 |
| 4.95%, 05/07/31 *(a)(b)* | 400000 | 410944 |
| 2.57%, 06/03/31 *(a)(b)* | 650000 | 607717 |
| 4.50%, 09/11/31 *(a)(b)* | 550000 | 554444 |
| 2.56%, 05/01/32 *(a)(b)* | 575000 | 526706 |
| 6.63%, 06/15/32  | 200000 | 222558 |
| 2.52%, 11/03/32 *(a)(b)* | 300000 | 271536 |
| 3.06%, 01/25/33 *(a)(b)* | 550000 | 508887 |
| 5.88%, 02/22/33  | 100000 | 107644 |
| 3.79%, 03/17/33 *(a)(b)* | 575000 | 552943 |
| 4.91%, 05/24/33 *(a)(b)* | 475000 | 484334 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.00%, 10/31/33  | 150000 | 161672 |
| 6.27%, 11/17/33 *(a)(b)* | 500000 | 548940 |
| 6.17%, 05/25/34 *(a)(b)* | 600000 | 640764 |
| 5.59%, 11/19/34 *(a)(b)* | 200000 | 206326 |
| 5.83%, 02/13/35 *(a)(b)* | 450000 | 468832 |
| 5.45%, 06/11/35 *(a)(b)* | 450000 | 469228 |
| 6.02%, 01/24/36 *(a)(b)* | 550000 | 577307 |
| 5.33%, 03/27/36 *(a)(b)* | 400000 | 412380 |
| 6.13%, 08/25/36  | 100000 | 107158 |
| 5.17%, 09/11/36 *(a)(b)* | 540000 | 549239 |
| 3.88%, 01/24/39 *(a)(b)* | 200000 | 178608 |
| 8.13%, 07/15/39  | 345000 | 444436 |
| 5.41%, 09/19/39 *(a)(b)* | 200000 | 201394 |
| 5.32%, 03/26/41 *(a)(b)* | 300000 | 301662 |
| 5.88%, 01/30/42  | 205000 | 216904 |
| 2.90%, 11/03/42 *(a)(b)* | 200000 | 149104 |
| 6.68%, 09/13/43  | 200000 | 225930 |
| 5.30%, 05/06/44  | 150000 | 145658 |
| 4.65%, 07/30/45  | 180000 | 164711 |
| 4.75%, 05/18/46  | 380000 | 338895 |
| 4.28%, 04/24/48 *(a)(b)* | 250000 | 214685 |
| 4.65%, 07/23/48 *(a)* | 450000 | 401949 |
| 5.61%, 03/04/56 *(a)(b)* | 360000 | 361858 |
| **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** |
| 5.84%, 01/23/30 *(a)(b)* | 250000 | 261410 |
| 2.50%, 02/06/30 *(a)* | 250000 | 235013 |
| 3.25%, 04/30/30 *(a)* | 150000 | 144266 |
| 5.25%, 03/05/31 *(a)(b)* | 200000 | 206322 |
| 5.72%, 07/23/32 *(a)(b)* | 200000 | 210790 |
| 2.64%, 09/30/32 *(a)* | 100000 | 87967 |
| 6.65%, 04/25/35 *(a)(b)* | 150000 | 166080 |
| 5.64%, 05/21/37 *(a)(b)* | 100000 | 102805 |
| **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** |
| 4.15%, 10/01/30  | 250000 | 252625 |
| **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** |
| 5.04%, 03/05/27  | 250000 | 253355 |
| 4.88%, 01/21/28  | 250000 | 255745 |
| 3.96%, 10/17/28  | 250000 | 251608 |
| 4.80%, 01/09/29  | 250000 | 256995 |
| 4.49%, 10/17/29  | 250000 | 255865 |
| 5.25%, 05/24/41  | 200000 | 202644 |
| 5.75%, 12/01/43  | 250000 | 255165 |
| 5.25%, 08/04/45  | 250000 | 239573 |
| **Deutsche Bank AG** | **Deutsche Bank AG** | **Deutsche Bank AG** |
| 5.37%, 09/09/27  | 150000 | 153867 |
| 5.37%, 01/10/29 *(a)(b)* | 150000 | 153290 |
| 6.72%, 01/18/29 *(a)(b)* | 300000 | 313758 |
| 5.41%, 05/10/29  | 150000 | 156419 |
| 6.82%, 11/20/29 *(a)(b)* | 250000 | 266317 |
| 5.00%, 09/11/30 *(a)(b)* | 200000 | 204308 |
| 5.30%, 05/09/31 *(a)(b)* | 300000 | 309831 |
| 5.88%, 07/08/31 *(a)(b)* | 200000 | 208464 |
| 4.95%, 08/04/31 *(a)(b)* | 300000 | 305598 |
| 3.55%, 09/18/31 *(a)(b)* | 350000 | 336213 |
| 4.47%, 12/10/31 *(a)(b)* | 200000 | 201228 |
| 3.73%, 01/14/32 *(a)(b)* | 200000 | 190474 |
| 4.73%, 02/06/32 *(a)(b)* | 200000 | 201710 |
| 3.04%, 05/28/32 *(a)(b)* | 150000 | 139046 |
| 4.88%, 12/01/32 *(a)(b)* | 200000 | 200808 |
| 3.74%, 01/07/33 *(a)(b)* | 200000 | 187436 |
| 7.08%, 02/10/34 *(a)(b)* | 200000 | 220180 |
| 5.40%, 09/11/35 *(a)(b)(c)* | 250000 | 256380 |
| **Fifth Third Bancorp** | **Fifth Third Bancorp** | **Fifth Third Bancorp** |
| 2.55%, 05/05/27 *(a)* | 150000 | 147743 |
| 3.95%, 03/14/28 *(a)* | 150000 | 150066 |
| 4.06%, 04/25/28 *(a)(b)* | 100000 | 99991 |
| 6.36%, 10/27/28 *(a)(b)* | 200000 | 207608 |

---

*See financial notes*

**10**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.34%, 07/27/29 *(a)(b)* | 200000 | 210328 |
| 4.77%, 07/28/30 *(a)(b)* | 200000 | 203328 |
| 4.90%, 09/06/30 *(a)(b)* | 100000 | 102135 |
| 5.63%, 01/29/32 *(a)(b)* | 200000 | 210888 |
| 4.57%, 04/29/32 *(a)(b)* | 200000 | 201198 |
| 4.34%, 04/25/33 *(a)(b)* | 100000 | 98913 |
| 5.14%, 01/29/37 *(a)(b)* | 200000 | 200550 |
| 8.25%, 03/01/38  | 200000 | 248048 |
| **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** |
| 4.00%, 02/01/29 *(a)* | 250000 | 249953 |
| 5.98%, 01/30/30 *(a)(b)* | 250000 | 262092 |
| **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** |
| 5.23%, 03/12/31 *(a)(b)* | 100000 | 101609 |
| 5.60%, 09/05/35 *(a)(b)* | 210000 | 211212 |
| 6.25%, 03/12/40 *(a)(b)* | 100000 | 101947 |
| **First Horizon Bank** | **First Horizon Bank** | **First Horizon Bank** |
| 5.75%, 05/01/30 *(a)* | 250000 | 260197 |
| **First-Citizens Bank & Trust Co.** | **First-Citizens Bank & Trust Co.** | **First-Citizens Bank & Trust Co.** |
| 6.13%, 03/09/28  | 100000 | 103471 |
| **FNB Corp.** | **FNB Corp.** | **FNB Corp.** |
| 5.72%, 12/11/30 *(a)(b)* | 100000 | 102866 |
| **Goldman Sachs Capital I** | **Goldman Sachs Capital I** | **Goldman Sachs Capital I** |
| 6.35%, 02/15/34  | 150000 | 161669 |
| **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** |
| 3.62%, 03/15/28 *(a)(b)* | 625000 | 622187 |
| 4.94%, 04/23/28 *(a)(b)* | 450000 | 454356 |
| 3.69%, 06/05/28 *(a)(b)* | 500000 | 497895 |
| 4.48%, 08/23/28 *(a)(b)* | 450000 | 452965 |
| 4.15%, 01/21/29 *(a)(b)* | 700000 | 700287 |
| 3.81%, 04/23/29 *(a)(b)* | 450000 | 447444 |
| 4.22%, 05/01/29 *(a)(b)* | 625000 | 626737 |
| 4.15%, 10/21/29 *(a)(b)* | 450000 | 450306 |
| 6.48%, 10/24/29 *(a)(b)* | 500000 | 529395 |
| 2.60%, 02/07/30 *(a)* | 350000 | 331009 |
| 3.80%, 03/15/30 *(a)* | 475000 | 470492 |
| 5.73%, 04/25/30 *(a)(b)* | 500000 | 522450 |
| 5.05%, 07/23/30 *(a)(b)* | 450000 | 461682 |
| 4.69%, 10/23/30 *(a)(b)* | 350000 | 355666 |
| 5.21%, 01/28/31 *(a)(b)* | 400000 | 414360 |
| 5.22%, 04/23/31 *(a)(b)* | 600000 | 621396 |
| 4.37%, 10/21/31 *(a)(b)* | 600000 | 600132 |
| 4.52%, 01/21/32 *(a)(b)* | 750000 | 754687 |
| 1.99%, 01/27/32 *(a)(b)* | 500000 | 447445 |
| 2.62%, 04/22/32 *(a)(b)* | 675000 | 620035 |
| 2.38%, 07/21/32 *(a)(b)* | 700000 | 631631 |
| 2.65%, 10/21/32 *(a)(b)* | 600000 | 546432 |
| 6.13%, 02/15/33  | 175000 | 191863 |
| 3.10%, 02/24/33 *(a)(b)* | 700000 | 649313 |
| 6.56%, 10/24/34 *(a)(b)* | 250000 | 278960 |
| 5.85%, 04/25/35 *(a)(b)* | 500000 | 533890 |
| 5.33%, 07/23/35 *(a)(b)* | 550000 | 567259 |
| 5.02%, 10/23/35 *(a)(b)* | 675000 | 682681 |
| 5.54%, 01/28/36 *(a)(b)* | 550000 | 575525 |
| 6.45%, 05/01/36  | 150000 | 165384 |
| 4.94%, 10/21/36 *(a)(b)* | 675000 | 672644 |
| 5.07%, 01/21/37 *(a)(b)* | 900000 | 906390 |
| 6.75%, 10/01/37  | 1000000 | 1123040 |
| 4.02%, 10/31/38 *(a)(b)* | 475000 | 429466 |
| 4.41%, 04/23/39 *(a)(b)* | 300000 | 279537 |
| 6.25%, 02/01/41  | 450000 | 492421 |
| 5.39%, 02/02/41 *(a)(b)* | 450000 | 446931 |
| 3.21%, 04/22/42 *(a)(b)* | 400000 | 308860 |
| 2.91%, 07/21/42 *(a)(b)* | 250000 | 185090 |
| 3.44%, 02/24/43 *(a)(b)* | 375000 | 294709 |
| 4.80%, 07/08/44 *(a)* | 325000 | 300843 |
| 5.15%, 05/22/45  | 350000 | 330057 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.75%, 10/21/45 *(a)* | 350000 | 317898 |
| 5.56%, 11/19/45 *(a)(b)* | 550000 | 551342 |
| 5.54%, 01/21/47 *(a)(b)* | 500000 | 497935 |
| 5.73%, 01/28/56 *(a)(b)* | 550000 | 558184 |
| **HSBC Bank USA NA** | **HSBC Bank USA NA** | **HSBC Bank USA NA** |
| 5.88%, 11/01/34  | 250000 | 268185 |
| 7.00%, 01/15/39  | 250000 | 294487 |
| **HSBC Holdings PLC** | **HSBC Holdings PLC** | **HSBC Holdings PLC** |
| 4.04%, 03/13/28 *(a)(b)* | 400000 | 400212 |
| 5.60%, 05/17/28 *(a)(b)* | 300000 | 305463 |
| 4.76%, 06/09/28 *(a)(b)* | 450000 | 453973 |
| 5.21%, 08/11/28 *(a)(b)* | 400000 | 406376 |
| 2.01%, 09/22/28 *(a)(b)* | 350000 | 339500 |
| 7.39%, 11/03/28 *(a)(b)* | 400000 | 421480 |
| 5.13%, 11/19/28 *(a)(b)* | 300000 | 305493 |
| 4.90%, 03/03/29 *(a)(b)* | 400000 | 406472 |
| 6.16%, 03/09/29 *(a)(b)* | 450000 | 468112 |
| 4.58%, 06/19/29 *(a)(b)* | 600000 | 606126 |
| 2.21%, 08/17/29 *(a)(b)* | 400000 | 382372 |
| 5.55%, 03/04/30 *(a)(b)* | 250000 | 259942 |
| 4.95%, 03/31/30  | 400000 | 412444 |
| 3.97%, 05/22/30 *(a)(b)* | 650000 | 646054 |
| 5.29%, 11/19/30 *(a)(b)* | 400000 | 414680 |
| 5.13%, 03/03/31 *(a)(b)* | 400000 | 412812 |
| 5.24%, 05/13/31 *(a)(b)* | 400000 | 414476 |
| 2.85%, 06/04/31 *(a)(b)* | 250000 | 236058 |
| 2.36%, 08/18/31 *(a)(b)* | 250000 | 230338 |
| 4.62%, 11/06/31 *(a)(b)* | 410000 | 414715 |
| 5.73%, 05/17/32 *(a)(b)* | 250000 | 265135 |
| 2.80%, 05/24/32 *(a)(b)* | 500000 | 461815 |
| 2.87%, 11/22/32 *(a)(b)* | 350000 | 322136 |
| 4.76%, 03/29/33 *(a)(b)* | 400000 | 400896 |
| 5.40%, 08/11/33 *(a)(b)* | 450000 | 470074 |
| 8.11%, 11/03/33 *(a)(b)* | 400000 | 472136 |
| 6.25%, 03/09/34 *(a)(b)* | 400000 | 437400 |
| 6.55%, 06/20/34 *(a)(b)* | 300000 | 325785 |
| 7.40%, 11/13/34 *(a)(b)* | 400000 | 457912 |
| 5.72%, 03/04/35 *(a)(b)* | 200000 | 212646 |
| 5.87%, 11/18/35 *(a)(b)* | 200000 | 210032 |
| 5.45%, 03/03/36 *(a)(b)* | 400000 | 415456 |
| 6.50%, 05/02/36  | 400000 | 441470 |
| 5.79%, 05/13/36 *(a)(b)* | 400000 | 425548 |
| 5.74%, 09/10/36 *(a)(b)* | 270000 | 279709 |
| 5.13%, 11/06/36 *(a)(b)* | 410000 | 414432 |
| 6.50%, 09/15/37  | 405000 | 446654 |
| 6.80%, 06/01/38  | 400000 | 453534 |
| 6.10%, 01/14/42  | 200000 | 218758 |
| 6.33%, 03/09/44 *(a)(b)* | 500000 | 553725 |
| 5.25%, 03/14/44  | 200000 | 196714 |
| **HSBC USA, Inc.** | **HSBC USA, Inc.** | **HSBC USA, Inc.** |
| 5.29%, 03/04/27  | 200000 | 202942 |
| 4.65%, 06/03/28  | 200000 | 203366 |
| **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** |
| 4.44%, 08/04/28 *(a)(b)* | 200000 | 201304 |
| 6.21%, 08/21/29 *(a)(b)* | 250000 | 262620 |
| 2.55%, 02/04/30 *(a)* | 150000 | 141248 |
| 5.27%, 01/15/31 *(a)(b)* | 200000 | 207062 |
| 4.62%, 01/28/32 *(a)(b)* | 200000 | 201996 |
| 5.02%, 05/17/33 *(a)(b)* | 100000 | 102141 |
| 5.71%, 02/02/35 *(a)(b)* | 200000 | 210676 |
| 2.49%, 08/15/36 *(a)(b)* | 150000 | 132426 |
| 6.14%, 11/18/39 *(a)(b)* | 100000 | 105252 |
| 5.61%, 01/28/41 *(a)(b)* | 200000 | 201044 |
| **Huntington National Bank** | **Huntington National Bank** | **Huntington National Bank** |
| 4.87%, 04/12/28 *(a)(b)* | 250000 | 252130 |
| 4.55%, 05/17/28 *(a)(b)* | 250000 | 251815 |
| 5.65%, 01/10/30 *(a)* | 250000 | 263330 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**11**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **ING Groep NV** | **ING Groep NV** | **ING Groep NV** |
| 3.95%, 03/29/27  | 200000 | 200228 |
| 4.02%, 03/28/28 *(a)(b)* | 250000 | 250133 |
| 4.55%, 10/02/28  | 300000 | 304116 |
| 4.86%, 03/25/29 *(a)(b)* | 200000 | 203358 |
| 4.05%, 04/09/29  | 200000 | 200274 |
| 5.34%, 03/19/30 *(a)(b)* | 200000 | 207210 |
| 5.07%, 03/25/31 *(a)(b)* | 200000 | 206344 |
| 2.73%, 04/01/32 *(a)(b)* | 200000 | 185948 |
| 4.25%, 03/28/33 *(a)(b)* | 200000 | 198124 |
| 6.11%, 09/11/34 *(a)(b)* | 200000 | 217948 |
| 5.55%, 03/19/35 *(a)(b)* | 200000 | 209676 |
| 5.53%, 03/25/36 *(a)(b)* | 200000 | 209624 |
| **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** |
| 8.00%, 04/29/27  | 150000 | 156972 |
| 4.25%, 10/01/27  | 250000 | 251825 |
| 3.63%, 12/01/27 *(a)* | 150000 | 149276 |
| 5.57%, 04/22/28 *(a)(b)* | 500000 | 508675 |
| 4.32%, 04/26/28 *(a)(b)* | 600000 | 602136 |
| 3.54%, 05/01/28 *(a)(b)* | 450000 | 447507 |
| 2.18%, 06/01/28 *(a)(b)* | 300000 | 293580 |
| 4.98%, 07/22/28 *(a)(b)* | 350000 | 354476 |
| 4.85%, 07/25/28 *(a)(b)* | 650000 | 657624 |
| 4.51%, 10/22/28 *(a)(b)* | 350000 | 353080 |
| 3.51%, 01/23/29 *(a)(b)* | 450000 | 446265 |
| 4.92%, 01/24/29 *(a)(b)* | 400000 | 407200 |
| 4.01%, 04/23/29 *(a)(b)* | 400000 | 400052 |
| 2.07%, 06/01/29 *(a)(b)* | 350000 | 335664 |
| 4.20%, 07/23/29 *(a)(b)* | 450000 | 451998 |
| 5.30%, 07/24/29 *(a)(b)* | 500000 | 514625 |
| 6.09%, 10/23/29 *(a)(b)* | 400000 | 420312 |
| 4.45%, 12/05/29 *(a)(b)* | 450000 | 454846 |
| 5.01%, 01/23/30 *(a)(b)* | 425000 | 436789 |
| 5.58%, 04/22/30 *(a)(b)* | 500000 | 522410 |
| 3.70%, 05/06/30 *(a)(b)* | 450000 | 445518 |
| 4.57%, 06/14/30 *(a)(b)* | 400000 | 406248 |
| 5.00%, 07/22/30 *(a)(b)* | 500000 | 515215 |
| 8.75%, 09/01/30  | 150000 | 177264 |
| 2.74%, 10/15/30 *(a)(b)* | 800000 | 764984 |
| 4.60%, 10/22/30 *(a)(b)* | 450000 | 458397 |
| 5.14%, 01/24/31 *(a)(b)* | 500000 | 518850 |
| 4.49%, 03/24/31 *(a)(b)* | 550000 | 557700 |
| 2.52%, 04/22/31 *(a)(b)* | 500000 | 469230 |
| 5.10%, 04/22/31 *(a)(b)* | 450000 | 466663 |
| 2.96%, 05/13/31 *(a)(b)* | 575000 | 547072 |
| 4.26%, 10/22/31 *(a)(b)* | 350000 | 351001 |
| 1.76%, 11/19/31 *(a)(b)* | 250000 | 223993 |
| 4.35%, 01/22/32 *(a)(b)* | 475000 | 477375 |
| 1.95%, 02/04/32 *(a)(b)* | 550000 | 493421 |
| 2.58%, 04/22/32 *(a)(b)* | 675000 | 622721 |
| 2.55%, 11/08/32 *(a)(b)* | 575000 | 523710 |
| 2.96%, 01/25/33 *(a)(b)* | 700000 | 649362 |
| 4.59%, 04/26/33 *(a)(b)* | 450000 | 454590 |
| 4.91%, 07/25/33 *(a)(b)* | 875000 | 897951 |
| 5.72%, 09/14/33 *(a)(b)* | 650000 | 689429 |
| 5.35%, 06/01/34 *(a)(b)* | 850000 | 889899 |
| 6.25%, 10/23/34 *(a)(b)* | 550000 | 605077 |
| 5.34%, 01/23/35 *(a)(b)* | 550000 | 573309 |
| 5.77%, 04/22/35 *(a)(b)* | 550000 | 588962 |
| 5.29%, 07/22/35 *(a)(b)* | 650000 | 674862 |
| 4.95%, 10/22/35 *(a)(b)* | 550000 | 558365 |
| 5.50%, 01/24/36 *(a)(b)* | 500000 | 526055 |
| 5.57%, 04/22/36 *(a)(b)* | 650000 | 686816 |
| 5.58%, 07/23/36 *(a)(b)* | 720000 | 748577 |
| 4.81%, 10/22/36 *(a)(b)* | 575000 | 573907 |
| 4.90%, 01/22/37 *(a)(b)* | 750000 | 754357 |
| 5.19%, 02/05/37 *(a)(b)* | 750000 | 758287 |
| 6.40%, 05/15/38  | 450000 | 512523 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.88%, 07/24/38 *(a)(b)* | 475000 | 430559 |
| 5.50%, 10/15/40  | 230000 | 242719 |
| 3.11%, 04/22/41 *(a)(b)* | 250000 | 198268 |
| 5.60%, 07/15/41  | 350000 | 366243 |
| 2.53%, 11/19/41 *(a)(b)* | 300000 | 219120 |
| 5.40%, 01/06/42  | 250000 | 256233 |
| 3.16%, 04/22/42 *(a)(b)* | 375000 | 293831 |
| 5.63%, 08/16/43  | 250000 | 258320 |
| 4.85%, 02/01/44  | 200000 | 192132 |
| 4.95%, 06/01/45  | 350000 | 332437 |
| 5.53%, 11/29/45 *(a)(b)* | 525000 | 537064 |
| 4.26%, 02/22/48 *(a)(b)* | 350000 | 301420 |
| 4.03%, 07/24/48 *(a)(b)* | 325000 | 269379 |
| 3.96%, 11/15/48 *(a)(b)* | 650000 | 530887 |
| 3.90%, 01/23/49 *(a)(b)* | 375000 | 302122 |
| 3.11%, 04/22/51 *(a)(b)* | 400000 | 275020 |
| 3.33%, 04/22/52 *(a)(b)* | 650000 | 464912 |
| **Keybank National Association** | **Keybank National Association** | **Keybank National Association** |
| 5.85%, 11/15/27 *(a)* | 250000 | 257480 |
| 4.39%, 12/14/27  | 250000 | 252060 |
| 4.90%, 08/08/32  | 250000 | 251283 |
| 5.00%, 01/26/33 *(a)* | 250000 | 253028 |
| **KeyCorp** | **KeyCorp** | **KeyCorp** |
| 2.25%, 04/06/27  | 150000 | 147281 |
| 4.10%, 04/30/28  | 100000 | 100345 |
| 2.55%, 10/01/29  | 100000 | 95041 |
| 5.12%, 04/04/31 *(a)(b)* | 100000 | 102600 |
| 4.79%, 06/01/33 *(a)(b)* | 100000 | 100581 |
| 6.40%, 03/06/35 *(a)(b)* | 150000 | 163595 |
| 5.31%, 01/28/37 *(a)(b)* | 100000 | 100865 |
| **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** |
| 3.75%, 03/18/28 *(a)(b)* | 200000 | 199594 |
| 4.38%, 03/22/28  | 300000 | 302499 |
| 4.55%, 08/16/28  | 200000 | 202830 |
| 3.57%, 11/07/28 *(a)(b)* | 400000 | 397444 |
| 5.09%, 11/26/28 *(a)(b)* | 200000 | 203784 |
| 5.87%, 03/06/29 *(a)(b)* | 200000 | 207294 |
| 4.82%, 06/13/29 *(a)(b)* | 230000 | 233836 |
| 4.24%, 02/10/30 *(a)(b)* | 450000 | 452232 |
| 5.72%, 06/05/30 *(a)(b)* | 300000 | 315012 |
| 4.43%, 11/04/31 *(a)(b)* | 200000 | 200904 |
| 4.98%, 08/11/33 *(a)(b)* | 200000 | 205000 |
| 7.95%, 11/15/33 *(a)(b)* | 200000 | 234970 |
| 5.68%, 01/05/35 *(a)(b)* | 450000 | 476865 |
| 5.59%, 11/26/35 *(a)(b)* | 200000 | 210390 |
| 6.07%, 06/13/36 *(a)(b)* | 230000 | 242250 |
| 4.94%, 11/04/36 *(a)(b)* | 200000 | 198850 |
| 5.30%, 12/01/45  | 200000 | 193116 |
| 3.37%, 12/14/46 *(a)(b)* | 200000 | 151514 |
| 5.67%, 02/10/47 *(a)(b)* | 200000 | 202104 |
| 4.34%, 01/09/48  | 300000 | 254400 |
| **M&T Bank Corp.** | **M&T Bank Corp.** | **M&T Bank Corp.** |
| 4.83%, 01/16/29 *(a)(b)* | 100000 | 101647 |
| 7.41%, 10/30/29 *(a)(b)* | 200000 | 216938 |
| 5.18%, 07/08/31 *(a)(b)* | 140000 | 144624 |
| 6.08%, 03/13/32 *(a)(b)* | 200000 | 214012 |
| 5.05%, 01/27/34 *(a)(b)* | 250000 | 254008 |
| 5.40%, 07/30/35 *(a)(b)* | 220000 | 223461 |
| 5.39%, 01/16/36 *(a)(b)* | 200000 | 205168 |
| **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** |
| 4.70%, 01/27/28 *(a)* | 250000 | 253668 |
| **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** |
| 3.29%, 07/25/27  | 250000 | 248493 |
| 3.96%, 03/02/28  | 250000 | 250753 |
| 4.08%, 04/19/28 *(a)(b)* | 200000 | 200342 |
| 5.02%, 07/20/28 *(a)(b)* | 200000 | 203004 |

---

*See financial notes*

**12**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.05%, 09/11/28  | 250000 | 251320 |
| 5.35%, 09/13/28 *(a)(b)* | 200000 | 204262 |
| 5.42%, 02/22/29 *(a)(b)* | 200000 | 205536 |
| 3.74%, 03/07/29  | 300000 | 298914 |
| 5.24%, 04/19/29 *(a)(b)* | 200000 | 205286 |
| 3.20%, 07/18/29  | 200000 | 194822 |
| 2.56%, 02/25/30  | 200000 | 189022 |
| 5.26%, 04/17/30 *(a)(b)* | 200000 | 207062 |
| 2.05%, 07/17/30  | 250000 | 229670 |
| 5.20%, 01/16/31 *(a)(b)* | 200000 | 207556 |
| 5.48%, 02/22/31 *(a)(b)* | 200000 | 209688 |
| 5.16%, 04/24/31 *(a)(b)* | 200000 | 207542 |
| 4.53%, 09/12/31 *(a)(b)* | 200000 | 202536 |
| 4.51%, 01/14/32 *(a)(b)* | 200000 | 201936 |
| 2.31%, 07/20/32 *(a)(b)* | 200000 | 181256 |
| 2.49%, 10/13/32 *(a)(b)* | 200000 | 181934 |
| 2.85%, 01/19/33 *(a)(b)* | 200000 | 184202 |
| 4.32%, 04/19/33 *(a)(b)* | 200000 | 199142 |
| 5.13%, 07/20/33 *(a)(b)* | 300000 | 311502 |
| 5.47%, 09/13/33 *(a)(b)* | 200000 | 211584 |
| 5.44%, 02/22/34 *(a)(b)* | 200000 | 211022 |
| 5.41%, 04/19/34 *(a)(b)* | 200000 | 210722 |
| 5.43%, 04/17/35 *(a)(b)* | 250000 | 262892 |
| 5.57%, 01/16/36 *(a)(b)* | 200000 | 211606 |
| 5.62%, 04/24/36 *(a)(b)* | 250000 | 265120 |
| 5.19%, 09/12/36 *(a)(b)* | 200000 | 204816 |
| 5.06%, 01/14/37 *(a)(b)* | 300000 | 304320 |
| 4.29%, 07/26/38  | 100000 | 96046 |
| 4.15%, 03/07/39  | 100000 | 94180 |
| 3.75%, 07/18/39  | 200000 | 177882 |
| **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** |
| 3.17%, 09/11/27  | 300000 | 297234 |
| 4.02%, 03/05/28  | 200000 | 200930 |
| 5.41%, 09/13/28 *(a)(b)* | 200000 | 204580 |
| 5.67%, 05/27/29 *(a)(b)* | 200000 | 207264 |
| 5.78%, 07/06/29 *(a)(b)* | 300000 | 312072 |
| 5.38%, 05/26/30 *(a)(b)* | 200000 | 207768 |
| 3.15%, 07/16/30 *(a)(b)* | 200000 | 194050 |
| 5.10%, 05/13/31 *(a)(b)* | 200000 | 207044 |
| 5.74%, 05/27/31 *(a)(b)* | 200000 | 212046 |
| 4.71%, 07/08/31 *(a)(b)* | 200000 | 204006 |
| 2.20%, 07/10/31 *(a)(b)* | 250000 | 230205 |
| 1.98%, 09/08/31 *(a)(b)* | 250000 | 227183 |
| 2.56%, 09/13/31  | 200000 | 181724 |
| 2.26%, 07/09/32 *(a)(b)* | 200000 | 180370 |
| 5.67%, 09/13/33 *(a)(b)* | 200000 | 214072 |
| 5.75%, 05/27/34 *(a)(b)* | 200000 | 213858 |
| 5.75%, 07/06/34 *(a)(b)* | 200000 | 213854 |
| 5.58%, 05/26/35 *(a)(b)* | 200000 | 211888 |
| 5.42%, 05/13/36 *(a)(b)* | 200000 | 209396 |
| 5.32%, 07/08/36 *(a)(b)* | 200000 | 207522 |
| **Morgan Stanley** | **Morgan Stanley** | **Morgan Stanley** |
| 3.95%, 04/23/27  | 350000 | 349902 |
| 5.65%, 04/13/28 *(a)(b)* | 300000 | 305388 |
| 4.21%, 04/20/28 *(a)(b)* | 475000 | 475936 |
| 3.59%, 07/22/28 *(a)(b)* | 550000 | 546903 |
| 6.30%, 10/18/28 *(a)(b)* | 400000 | 414516 |
| 3.77%, 01/24/29 *(a)(b)* | 550000 | 547811 |
| 5.12%, 02/01/29 *(a)(b)* | 500000 | 510365 |
| 4.99%, 04/12/29 *(a)(b)* | 400000 | 407344 |
| 5.16%, 04/20/29 *(a)(b)* | 500000 | 511295 |
| 5.45%, 07/20/29 *(a)(b)* | 400000 | 412500 |
| 4.13%, 10/18/29 *(a)(b)* | 375000 | 375615 |
| 6.41%, 11/01/29 *(a)(b)* | 400000 | 423240 |
| 4.24%, 01/09/30 *(a)(b)* | 450000 | 451584 |
| 5.17%, 01/16/30 *(a)(b)* | 400000 | 411144 |
| 4.43%, 01/23/30 *(a)(b)* | 575000 | 580284 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.66%, 04/18/30 *(a)(b)* | 500000 | 522350 |
| 5.04%, 07/19/30 *(a)(b)* | 400000 | 411244 |
| 4.65%, 10/18/30 *(a)(b)* | 550000 | 559080 |
| 5.23%, 01/15/31 *(a)(b)* | 500000 | 517825 |
| 2.70%, 01/22/31 *(a)(b)* | 650000 | 614861 |
| 3.62%, 04/01/31 *(a)(b)* | 600000 | 586674 |
| 5.19%, 04/17/31 *(a)(b)* | 450000 | 466078 |
| 4.36%, 10/22/31 *(a)(b)* | 500000 | 500765 |
| 4.49%, 01/16/32 *(a)(b)* | 600000 | 603414 |
| 1.79%, 02/13/32 *(a)(b)* | 500000 | 442775 |
| 7.25%, 04/01/32  | 180000 | 208523 |
| 1.93%, 04/28/32 *(a)(b)* | 450000 | 399352 |
| 2.24%, 07/21/32 *(a)(b)* | 650000 | 583043 |
| 2.51%, 10/20/32 *(a)(b)* | 450000 | 407988 |
| 2.94%, 01/21/33 *(a)(b)* | 500000 | 460705 |
| 4.89%, 07/20/33 *(a)(b)* | 400000 | 407796 |
| 6.34%, 10/18/33 *(a)(b)* | 550000 | 605093 |
| 5.25%, 04/21/34 *(a)(b)* | 650000 | 673510 |
| 5.42%, 07/21/34 *(a)(b)* | 475000 | 496475 |
| 6.63%, 11/01/34 *(a)(b)* | 350000 | 393039 |
| 5.47%, 01/18/35 *(a)(b)* | 450000 | 470907 |
| 5.83%, 04/19/35 *(a)(b)* | 575000 | 614755 |
| 5.32%, 07/19/35 *(a)(b)* | 600000 | 621306 |
| 5.59%, 01/18/36 *(a)(b)* | 550000 | 578242 |
| 5.66%, 04/17/36 *(a)(b)* | 550000 | 581438 |
| 2.48%, 09/16/36 *(a)(b)* | 575000 | 508938 |
| 4.89%, 10/22/36 *(a)(b)* | 625000 | 622112 |
| 5.07%, 01/30/37 *(a)(b)* | 750000 | 756697 |
| 5.30%, 04/20/37 *(a)(b)* | 350000 | 358701 |
| 5.95%, 01/19/38 *(a)(b)* | 400000 | 422100 |
| 3.97%, 07/22/38 *(a)(b)* | 400000 | 363692 |
| 5.94%, 02/07/39 *(a)(b)* | 250000 | 263257 |
| 4.46%, 04/22/39 *(a)(b)* | 200000 | 189760 |
| 5.31%, 01/18/41 *(a)(b)* | 275000 | 273727 |
| 3.22%, 04/22/42 *(a)(b)* | 350000 | 276563 |
| 6.38%, 07/24/42  | 375000 | 419362 |
| 4.30%, 01/27/45  | 480000 | 419006 |
| 4.38%, 01/22/47  | 400000 | 348324 |
| 5.60%, 03/24/51 *(a)(b)* | 450000 | 456084 |
| 2.80%, 01/25/52 *(a)(b)* | 350000 | 224865 |
| 5.52%, 11/19/55 *(a)(b)* | 550000 | 549114 |
| **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** |
| 5.50%, 05/26/28 *(a)(b)* | 600000 | 610878 |
| 4.97%, 07/14/28 *(a)(b)* | 250000 | 253310 |
| 5.02%, 01/12/29 *(a)(b)* | 400000 | 407764 |
| **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** |
| 4.47%, 07/06/28 *(a)(b)* | 360000 | 362423 |
| 4.20%, 11/17/28 *(a)(b)* | 430000 | 431612 |
| 4.21%, 02/08/30 *(a)(b)* | 475000 | 477342 |
| 4.73%, 07/18/31 *(a)(b)* | 540000 | 549850 |
| 4.47%, 11/19/31 *(a)(b)* | 550000 | 553311 |
| **National Australia Bank Ltd.** | **National Australia Bank Ltd.** | **National Australia Bank Ltd.** |
| 3.91%, 06/09/27  | 250000 | 250800 |
| 5.09%, 06/11/27  | 250000 | 254373 |
| 4.94%, 01/12/28  | 250000 | 255780 |
| 4.31%, 06/13/28  | 250000 | 253213 |
| 4.90%, 06/13/28  | 250000 | 256433 |
| 4.79%, 01/10/29  | 250000 | 257373 |
| 4.53%, 06/13/30  | 250000 | 256363 |
| **National Bank of Canada** | **National Bank of Canada** | **National Bank of Canada** |
| 5.60%, 12/18/28  | 250000 | 260987 |
| 4.17%, 01/20/29 *(a)(b)* | 250000 | 250948 |
| 4.50%, 10/10/29  | 250000 | 254038 |
| **NatWest Group PLC** | **NatWest Group PLC** | **NatWest Group PLC** |
| 5.58%, 03/01/28 *(a)(b)* | 200000 | 203186 |
| 3.07%, 05/22/28 *(a)(b)* | 200000 | 197948 |
| 5.52%, 09/30/28 *(a)(b)* | 200000 | 204738 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**13**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.89%, 05/18/29 *(a)(b)* | 300000 | 305388 |
| 5.81%, 09/13/29 *(a)(b)* | 200000 | 208418 |
| 5.08%, 01/27/30 *(a)(b)* | 400000 | 410444 |
| 4.45%, 05/08/30 *(a)(b)* | 200000 | 201678 |
| 4.96%, 08/15/30 *(a)(b)* | 250000 | 256148 |
| 5.12%, 05/23/31 *(a)(b)* | 200000 | 206350 |
| 6.02%, 03/02/34 *(a)(b)* | 200000 | 215782 |
| 6.48%, 06/01/34 *(a)(b)* | 200000 | 211044 |
| 5.78%, 03/01/35 *(a)(b)* | 200000 | 212734 |
| 3.03%, 11/28/35 *(a)(b)* | 250000 | 232960 |
| **Northern Trust Corp.** | **Northern Trust Corp.** | **Northern Trust Corp.** |
| 4.00%, 05/10/27 *(a)* | 100000 | 100328 |
| 3.65%, 08/03/28 *(a)* | 100000 | 100034 |
| 3.15%, 05/03/29 *(a)* | 100000 | 98186 |
| 1.95%, 05/01/30 *(a)* | 200000 | 184774 |
| 4.15%, 11/19/30  | 90000 | 90779 |
| 6.13%, 11/02/32 *(a)* | 200000 | 219104 |
| 5.12%, 11/19/40 *(a)(b)* | 140000 | 140438 |
| **Pinnacle Bank/Nashville TN** | **Pinnacle Bank/Nashville TN** | **Pinnacle Bank/Nashville TN** |
| 5.63%, 02/15/28 *(a)* | 250000 | 255295 |
| **Pinnacle Financial Partners, Inc.** | **Pinnacle Financial Partners, Inc.** | **Pinnacle Financial Partners, Inc.** |
| 6.17%, 11/01/30 *(a)(b)* | 75000 | 78572 |
| **PNC Bank NA** | **PNC Bank NA** | **PNC Bank NA** |
| 3.10%, 10/25/27 *(a)* | 250000 | 247370 |
| 3.25%, 01/22/28 *(a)* | 250000 | 247988 |
| 4.43%, 07/21/28 *(a)(b)* | 250000 | 251698 |
| 4.05%, 07/26/28  | 250000 | 250385 |
| 2.70%, 10/22/29  | 250000 | 238255 |
| **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** |
| 3.15%, 05/19/27 *(a)* | 200000 | 198538 |
| 5.35%, 12/02/28 *(a)(b)* | 250000 | 256370 |
| 4.08%, 01/26/29 *(a)(b)* | 250000 | 250800 |
| 3.45%, 04/23/29 *(a)* | 250000 | 247500 |
| 5.58%, 06/12/29 *(a)(b)* | 475000 | 492166 |
| 2.55%, 01/22/30 *(a)* | 375000 | 355575 |
| 5.49%, 05/14/30 *(a)(b)* | 300000 | 313323 |
| 5.22%, 01/29/31 *(a)(b)* | 200000 | 207782 |
| 4.90%, 05/13/31 *(a)(b)* | 200000 | 205488 |
| 2.31%, 04/23/32 *(a)(b)* | 200000 | 182344 |
| 4.81%, 10/21/32 *(a)(b)* | 250000 | 255673 |
| 4.63%, 06/06/33 *(a)(b)* | 150000 | 149840 |
| 6.04%, 10/28/33 *(a)(b)* | 250000 | 271447 |
| 5.07%, 01/24/34 *(a)(b)* | 250000 | 258022 |
| 5.94%, 08/18/34 *(a)(b)* | 150000 | 162200 |
| 6.88%, 10/20/34 *(a)(b)* | 400000 | 454716 |
| 5.68%, 01/22/35 *(a)(b)* | 250000 | 265370 |
| 5.40%, 07/23/35 *(a)(b)* | 250000 | 260470 |
| 5.58%, 01/29/36 *(a)(b)* | 400000 | 421568 |
| 5.37%, 07/21/36 *(a)(b)* | 270000 | 279874 |
| 5.42%, 01/25/41 *(a)(b)* | 275000 | 277775 |
| **Regions Financial Corp.** | **Regions Financial Corp.** | **Regions Financial Corp.** |
| 1.80%, 08/12/28 *(a)* | 250000 | 237113 |
| 5.72%, 06/06/30 *(a)(b)* | 250000 | 261907 |
| 5.50%, 09/06/35 *(a)(b)* | 200000 | 207190 |
| 7.38%, 12/10/37  | 100000 | 117054 |
| **Royal Bank of Canada** | **Royal Bank of Canada** | **Royal Bank of Canada** |
| 3.63%, 05/04/27  | 200000 | 199744 |
| 4.24%, 08/03/27  | 250000 | 251658 |
| 6.00%, 11/01/27  | 250000 | 258940 |
| 4.90%, 01/12/28  | 150000 | 153189 |
| 4.72%, 03/27/28 *(a)(b)* | 200000 | 201812 |
| 5.20%, 08/01/28  | 200000 | 206106 |
| 4.52%, 10/18/28 *(a)(b)* | 150000 | 151542 |
| 4.00%, 11/03/28 *(a)(b)* | 150000 | 150230 |
| 4.97%, 01/24/29 *(a)(b)* | 300000 | 306066 |
| 4.95%, 02/01/29  | 200000 | 206394 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.50%, 08/06/29 *(a)(b)* | 200000 | 202484 |
| 4.97%, 08/02/30 *(a)(b)* | 300000 | 308745 |
| 4.65%, 10/18/30 *(a)(b)* | 350000 | 356958 |
| 5.15%, 02/04/31 *(a)(b)* | 300000 | 311337 |
| 4.97%, 05/02/31 *(a)(b)* | 175000 | 180667 |
| 4.70%, 08/06/31 *(a)(b)* | 200000 | 204472 |
| 2.30%, 11/03/31  | 250000 | 228263 |
| 4.31%, 11/03/31 *(a)(b)* | 200000 | 201304 |
| 3.88%, 05/04/32  | 150000 | 147510 |
| 5.00%, 02/01/33  | 300000 | 311451 |
| 5.00%, 05/02/33  | 150000 | 155709 |
| 5.15%, 02/01/34  | 200000 | 210636 |
| **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** |
| 4.40%, 07/13/27 *(a)* | 150000 | 150266 |
| 6.50%, 03/09/29 *(a)(b)* | 200000 | 208322 |
| 5.47%, 03/20/29 *(a)(b)* | 150000 | 153365 |
| 6.57%, 06/12/29 *(a)(b)* | 100000 | 104515 |
| 6.17%, 01/09/30 *(a)(b)* | 200000 | 208776 |
| 5.35%, 09/06/30 *(a)(b)* | 200000 | 205796 |
| 5.74%, 03/20/31 *(a)(b)* | 150000 | 156162 |
| 7.66%, 11/09/31 *(a)(b)* | 100000 | 112908 |
| 6.34%, 05/31/35 *(a)(b)* | 150000 | 161696 |
| **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** |
| 3.82%, 11/03/28 *(a)(b)* | 250000 | 248985 |
| 6.53%, 01/10/29 *(a)(b)* | 200000 | 208698 |
| 4.32%, 09/22/29 *(a)(b)* | 240000 | 240910 |
| 5.69%, 04/15/31 *(a)(b)* | 200000 | 210030 |
| 2.90%, 03/15/32 *(a)(b)* | 200000 | 185798 |
| 5.14%, 09/22/36 *(a)(b)* | 200000 | 200466 |
| **Simmons First National Corp.** | **Simmons First National Corp.** | **Simmons First National Corp.** |
| 6.25%, 10/01/35 *(a)(b)* | 60000 | 61058 |
| **Southstate Bank Corp.** | **Southstate Bank Corp.** | **Southstate Bank Corp.** |
| 7.00%, 06/13/35 *(a)(b)* | 70000 | 74323 |
| **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** |
| 4.78%, 11/23/29  | 250000 | 258305 |
| **State Street Corp.** | **State Street Corp.** | **State Street Corp.** |
| 4.99%, 03/18/27 *(a)* | 150000 | 151830 |
| 4.33%, 10/22/27 *(a)* | 200000 | 201906 |
| 4.54%, 02/28/28 *(a)* | 250000 | 253998 |
| 4.54%, 04/24/28 *(a)(b)* | 125000 | 125931 |
| 5.82%, 11/04/28 *(a)(b)* | 100000 | 103162 |
| 4.53%, 02/20/29 *(a)(b)* | 150000 | 151970 |
| 5.68%, 11/21/29 *(a)(b)* | 250000 | 261412 |
| 4.14%, 12/03/29 *(a)(b)* | 100000 | 100715 |
| 2.40%, 01/24/30  | 100000 | 95126 |
| 4.73%, 02/28/30 *(a)* | 125000 | 128520 |
| 4.83%, 04/24/30 *(a)* | 200000 | 206142 |
| 2.20%, 03/03/31  | 200000 | 182140 |
| 3.15%, 03/30/31 *(a)(b)* | 100000 | 96937 |
| 4.68%, 10/22/32 *(a)(b)* | 150000 | 153336 |
| 2.62%, 02/07/33 *(a)(b)* | 100000 | 91083 |
| 4.42%, 05/13/33 *(a)(b)* | 100000 | 100419 |
| 4.16%, 08/04/33 *(a)(b)* | 100000 | 98770 |
| 4.82%, 01/26/34 *(a)(b)* | 150000 | 153087 |
| 5.16%, 05/18/34 *(a)(b)* | 200000 | 207852 |
| 3.03%, 11/01/34 *(a)(b)* | 100000 | 95561 |
| 6.12%, 11/21/34 *(a)(b)* | 100000 | 108604 |
| 5.15%, 02/28/36 *(a)(b)* | 150000 | 154635 |
| 4.78%, 10/23/36 *(a)(b)* | 175000 | 174960 |
| **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** |
| 3.36%, 07/12/27  | 200000 | 198866 |
| 3.35%, 10/18/27  | 250000 | 248620 |
| 5.52%, 01/13/28  | 250000 | 257620 |
| 3.54%, 01/17/28  | 200000 | 198942 |
| 5.80%, 07/13/28  | 200000 | 208438 |
| 3.94%, 07/19/28  | 250000 | 250695 |

---

*See financial notes*

**14**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.72%, 09/14/28  | 200000 | 208510 |
| 1.90%, 09/17/28  | 200000 | 190136 |
| 4.31%, 10/16/28  | 100000 | 101028 |
| 2.47%, 01/14/29  | 200000 | 192300 |
| 4.11%, 01/15/29  | 200000 | 200852 |
| 5.32%, 07/09/29  | 200000 | 208068 |
| 3.04%, 07/16/29  | 200000 | 193756 |
| 2.72%, 09/27/29  | 200000 | 191352 |
| 5.71%, 01/13/30  | 200000 | 211592 |
| 2.75%, 01/15/30  | 200000 | 190526 |
| 5.24%, 04/15/30  | 200000 | 208744 |
| 2.13%, 07/08/30  | 300000 | 276288 |
| 5.85%, 07/13/30  | 200000 | 213578 |
| 2.14%, 09/23/30  | 150000 | 137438 |
| 1.71%, 01/12/31  | 200000 | 178466 |
| 4.66%, 07/08/31 *(a)(b)* | 200000 | 203668 |
| 5.42%, 07/09/31  | 200000 | 210876 |
| 2.22%, 09/17/31  | 200000 | 179876 |
| 4.49%, 01/15/32 *(a)(b)* | 200000 | 202126 |
| 5.77%, 01/13/33  | 250000 | 268522 |
| 4.95%, 07/08/33 *(a)(b)* | 200000 | 205846 |
| 5.78%, 07/13/33  | 200000 | 215638 |
| 5.81%, 09/14/33  | 200000 | 216108 |
| 5.56%, 07/09/34  | 250000 | 264672 |
| 5.63%, 01/15/35  | 200000 | 213738 |
| 5.25%, 07/08/36 *(a)(b)* | 200000 | 207214 |
| 5.05%, 01/15/37 *(a)(b)* | 200000 | 202514 |
| 2.93%, 09/17/41  | 150000 | 113474 |
| 3.05%, 01/14/42  | 200000 | 156496 |
| 6.18%, 07/13/43  | 200000 | 221310 |
| 5.84%, 07/09/44  | 200000 | 209042 |
| 5.80%, 07/08/46 *(a)(b)* | 180000 | 184457 |
| **Synchrony Financial** | **Synchrony Financial** | **Synchrony Financial** |
| 3.95%, 12/01/27 *(a)* | 200000 | 199166 |
| 5.15%, 03/19/29 *(a)* | 150000 | 152480 |
| 5.02%, 07/29/29 *(a)(b)* | 90000 | 91130 |
| 5.94%, 08/02/30 *(a)(b)* | 125000 | 129765 |
| 5.45%, 03/06/31 *(a)(b)* | 175000 | 178946 |
| 2.88%, 10/28/31 *(a)* | 100000 | 89806 |
| 4.95%, 02/25/32 *(a)(b)* | 150000 | 149160 |
| 6.00%, 07/29/36 *(a)(b)* | 90000 | 91778 |
| **Toronto-Dominion Bank** | **Toronto-Dominion Bank** | **Toronto-Dominion Bank** |
| 2.80%, 03/10/27  | 250000 | 247705 |
| 4.98%, 04/05/27  | 150000 | 151872 |
| 4.11%, 06/08/27  | 275000 | 275949 |
| 4.69%, 09/15/27  | 300000 | 303963 |
| 5.16%, 01/10/28  | 250000 | 255745 |
| 3.91%, 01/13/28  | 200000 | 200266 |
| 4.86%, 01/31/28  | 200000 | 203654 |
| 4.57%, 06/02/28  | 200000 | 202878 |
| 5.52%, 07/17/28  | 200000 | 207262 |
| 4.11%, 10/13/28  | 150000 | 150719 |
| 4.99%, 04/05/29  | 200000 | 206018 |
| 4.78%, 12/17/29  | 200000 | 205892 |
| 4.81%, 06/03/30  | 225000 | 231336 |
| 4.41%, 01/13/31  | 200000 | 202458 |
| 2.00%, 09/10/31  | 150000 | 135363 |
| 2.45%, 01/12/32  | 100000 | 90803 |
| 5.30%, 01/30/32  | 150000 | 157923 |
| 3.20%, 03/10/32  | 250000 | 235755 |
| 4.46%, 06/08/32  | 325000 | 327827 |
| 5.15%, 09/10/34 *(a)(b)* | 200000 | 204240 |
| 4.93%, 10/15/35  | 200000 | 201818 |
| **Truist Bank** | **Truist Bank** | **Truist Bank** |
| 4.42%, 07/24/28 *(a)(b)* | 270000 | 271671 |
| 4.14%, 01/27/29 *(a)(b)* | 250000 | 250568 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.14%, 10/23/29 *(a)(b)* | 250000 | 250238 |
| 2.25%, 03/11/30 *(a)* | 250000 | 231125 |
| **Truist Financial Corp.** | **Truist Financial Corp.** | **Truist Financial Corp.** |
| 1.13%, 08/03/27 *(a)* | 150000 | 144528 |
| 4.12%, 06/06/28 *(a)(b)* | 150000 | 150374 |
| 4.87%, 01/26/29 *(a)(b)* | 250000 | 253943 |
| 3.88%, 03/19/29 *(a)* | 100000 | 99488 |
| 1.89%, 06/07/29 *(a)(b)* | 250000 | 238935 |
| 7.16%, 10/30/29 *(a)(b)* | 300000 | 322872 |
| 5.44%, 01/24/30 *(a)(b)* | 350000 | 363191 |
| 1.95%, 06/05/30 *(a)* | 100000 | 91873 |
| 5.07%, 05/20/31 *(a)(b)* | 200000 | 206360 |
| 4.60%, 01/27/32 *(a)(b)* | 250000 | 252790 |
| 5.15%, 08/05/32 *(a)(b)* | 200000 | 207650 |
| 4.92%, 07/28/33 *(a)(b)* | 200000 | 201912 |
| 6.12%, 10/28/33 *(a)(b)* | 150000 | 162899 |
| 5.12%, 01/26/34 *(a)(b)* | 350000 | 359170 |
| 5.87%, 06/08/34 *(a)(b)* | 300000 | 321138 |
| 5.71%, 01/24/35 *(a)(b)* | 350000 | 371080 |
| 4.96%, 10/23/36 *(a)(b)* | 200000 | 199750 |
| **U.S. Bancorp** | **U.S. Bancorp** | **U.S. Bancorp** |
| 3.15%, 04/27/27 *(a)* | 300000 | 298308 |
| 3.90%, 04/26/28 *(a)* | 150000 | 150620 |
| 4.55%, 07/22/28 *(a)(b)* | 250000 | 252120 |
| 4.65%, 02/01/29 *(a)(b)* | 300000 | 304038 |
| 5.78%, 06/12/29 *(a)(b)* | 300000 | 311784 |
| 3.00%, 07/30/29 *(a)* | 150000 | 145724 |
| 5.38%, 01/23/30 *(a)(b)* | 250000 | 259342 |
| 1.38%, 07/22/30 *(a)* | 250000 | 223650 |
| 5.10%, 07/23/30 *(a)(b)* | 200000 | 206858 |
| 5.05%, 02/12/31 *(a)(b)* | 300000 | 309906 |
| 5.08%, 05/15/31 *(a)(b)* | 200000 | 206936 |
| 4.48%, 01/26/32 *(a)(b)* | 250000 | 252958 |
| 2.68%, 01/27/33 *(a)(b)* | 150000 | 136643 |
| 4.97%, 07/22/33 *(a)(b)* | 250000 | 254458 |
| 5.85%, 10/21/33 *(a)(b)* | 250000 | 269517 |
| 4.84%, 02/01/34 *(a)(b)* | 350000 | 355267 |
| 5.84%, 06/12/34 *(a)(b)* | 300000 | 321954 |
| 5.68%, 01/23/35 *(a)(b)* | 400000 | 425140 |
| 5.42%, 02/12/36 *(a)(b)* | 200000 | 209818 |
| 2.49%, 11/03/36 *(a)(b)* | 250000 | 221468 |
| 5.03%, 01/26/37 *(a)(b)* | 250000 | 252555 |
| **U.S. Bank NA** | **U.S. Bank NA** | **U.S. Bank NA** |
| 4.73%, 05/15/28 *(a)(b)* | 250000 | 252413 |
| **UBS AG** | **UBS AG** | **UBS AG** |
| 5.00%, 07/09/27  | 250000 | 254328 |
| 7.50%, 02/15/28  | 400000 | 428536 |
| 5.65%, 09/11/28  | 250000 | 260807 |
| 4.50%, 06/26/48  | 200000 | 176378 |
| **UBS Americas, Inc.** | **UBS Americas, Inc.** | **UBS Americas, Inc.** |
| 7.13%, 07/15/32  | 150000 | 172971 |
| **UBS Group AG** | **UBS Group AG** | **UBS Group AG** |
| 4.88%, 05/15/45  | 250000 | 233670 |
| **Wachovia Corp.** | **Wachovia Corp.** | **Wachovia Corp.** |
| 5.50%, 08/01/35  | 130000 | 135360 |
| **Webster Financial Corp.** | **Webster Financial Corp.** | **Webster Financial Corp.** |
| 4.10%, 03/25/29 *(a)* | 50000 | 49833 |
| 5.78%, 09/11/35 *(a)(b)* | 60000 | 61912 |
| **Wells Fargo & Co.** | **Wells Fargo & Co.** | **Wells Fargo & Co.** |
| 4.30%, 07/22/27  | 480000 | 481834 |
| 3.53%, 03/24/28 *(a)(b)* | 725000 | 721281 |
| 5.71%, 04/22/28 *(a)(b)* | 600000 | 611064 |
| 3.58%, 05/22/28 *(a)(b)* | 500000 | 497445 |
| 2.39%, 06/02/28 *(a)(b)* | 650000 | 637253 |
| 4.81%, 07/25/28 *(a)(b)* | 550000 | 555929 |
| 4.15%, 01/24/29 *(a)* | 475000 | 477973 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**15**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.97%, 04/23/29 *(a)(b)* | 400000 | 407856 |
| 5.57%, 07/25/29 *(a)(b)* | 750000 | 776250 |
| 4.08%, 09/15/29 *(a)(b)* | 270000 | 270130 |
| 6.30%, 10/23/29 *(a)(b)* | 550000 | 580288 |
| 7.95%, 11/15/29  | 100000 | 112922 |
| 4.18%, 01/23/30 *(a)(b)* | 375000 | 376406 |
| 5.20%, 01/23/30 *(a)(b)* | 500000 | 515205 |
| 2.88%, 10/30/30 *(a)(b)* | 600000 | 574308 |
| 5.24%, 01/24/31 *(a)(b)* | 600000 | 622980 |
| 2.57%, 02/11/31 *(a)(b)* | 550000 | 517770 |
| 4.48%, 04/04/31 *(a)(b)* | 475000 | 479916 |
| 5.15%, 04/23/31 *(a)(b)* | 850000 | 880081 |
| 3.35%, 03/02/33 *(a)(b)* | 700000 | 657944 |
| 4.90%, 07/25/33 *(a)(b)* | 750000 | 765000 |
| 5.39%, 04/24/34 *(a)(b)* | 700000 | 729449 |
| 5.56%, 07/25/34 *(a)(b)* | 800000 | 842240 |
| 6.49%, 10/23/34 *(a)(b)* | 600000 | 666702 |
| 5.50%, 01/23/35 *(a)(b)* | 575000 | 602537 |
| 5.38%, 02/07/35  | 100000 | 105176 |
| 5.21%, 12/03/35 *(a)(b)* | 500000 | 513465 |
| 5.61%, 04/23/36 *(a)(b)* | 575000 | 605561 |
| 4.89%, 09/15/36 *(a)(b)* | 310000 | 310657 |
| 5.95%, 12/01/36  | 75000 | 79560 |
| 4.96%, 01/23/37 *(a)(b)* | 750000 | 752910 |
| 3.07%, 04/30/41 *(a)(b)* | 700000 | 546665 |
| 5.38%, 11/02/43  | 375000 | 366356 |
| 5.61%, 01/15/44  | 450000 | 448762 |
| 4.65%, 11/04/44  | 300000 | 264348 |
| 3.90%, 05/01/45  | 330000 | 270267 |
| 4.90%, 11/17/45  | 350000 | 315973 |
| 4.40%, 06/14/46  | 400000 | 337292 |
| 4.75%, 12/07/46  | 375000 | 332471 |
| 5.43%, 01/23/47 *(a)(b)* | 400000 | 396652 |
| 5.01%, 04/04/51 *(a)(b)* | 1000000 | 915330 |
| 4.61%, 04/25/53 *(a)(b)* | 600000 | 517638 |
| **Wells Fargo Bank NA** | **Wells Fargo Bank NA** | **Wells Fargo Bank NA** |
| 5.95%, 08/26/36  | 250000 | 269490 |
| 5.85%, 02/01/37  | 250000 | 266317 |
| 6.60%, 01/15/38  | 250000 | 283002 |
| **Westpac Banking Corp.** | **Westpac Banking Corp.** | **Westpac Banking Corp.** |
| 3.35%, 03/08/27  | 150000 | 149546 |
| 4.04%, 08/26/27  | 200000 | 201222 |
| 5.46%, 11/18/27  | 200000 | 206002 |
| 3.40%, 01/25/28  | 150000 | 149394 |
| 5.54%, 11/17/28  | 250000 | 261637 |
| 1.95%, 11/20/28  | 200000 | 190984 |
| 5.05%, 04/16/29  | 150000 | 155889 |
| 2.65%, 01/16/30  | 200000 | 191530 |
| 4.35%, 07/01/30  | 150000 | 152771 |
| 2.15%, 06/03/31  | 250000 | 228955 |
| 5.41%, 08/10/33 *(a)(b)* | 250000 | 260997 |
| 6.82%, 11/17/33  | 150000 | 169310 |
| 4.11%, 07/24/34 *(a)(b)* | 250000 | 247928 |
| 2.67%, 11/15/35 *(a)(b)* | 250000 | 229808 |
| 5.62%, 11/20/35 *(a)(b)* | 250000 | 261860 |
| 3.02%, 11/18/36 *(a)(b)* | 200000 | 183200 |
| 4.42%, 07/24/39  | 200000 | 187134 |
| 2.96%, 11/16/40  | 200000 | 156144 |
| 3.13%, 11/18/41  | 200000 | 154768 |
| **Wintrust Financial Corp.** | **Wintrust Financial Corp.** | **Wintrust Financial Corp.** |
| 4.85%, 06/06/29  | 50000 | 50075 |
| **Zions Bancorp NA** | **Zions Bancorp NA** | **Zions Bancorp NA** |
| 3.25%, 10/29/29 *(a)* | 250000 | 237988 |
|  |  | **312044275** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Brokerage/Asset Managers/Exchanges 0.4%***  | ***Brokerage/Asset Managers/Exchanges 0.4%***  | ***Brokerage/Asset Managers/Exchanges 0.4%***  |
| **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** |
| 3.30%, 06/15/30 *(a)* | 50000 | 48093 |
| 5.50%, 08/20/34 *(a)* | 75000 | 77068 |
| 5.50%, 02/15/36 *(a)* | 75000 | 75728 |
| **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** |
| 5.70%, 12/15/28 *(a)* | 150000 | 157003 |
| 4.50%, 05/13/32 *(a)* | 100000 | 101126 |
| 5.15%, 05/15/33 *(a)* | 150000 | 155727 |
| 5.20%, 04/15/35 *(a)* | 100000 | 101941 |
| **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** |
| 4.60%, 01/15/31 *(a)* | 70000 | 70511 |
| 6.38%, 11/15/33 *(a)* | 100000 | 108945 |
| 5.15%, 08/12/35 *(a)* | 150000 | 148682 |
| 5.80%, 05/21/54 *(a)* | 150000 | 142899 |
| 6.00%, 12/15/54 *(a)(b)* | 75000 | 72172 |
| **ARES Management Corp.** | **ARES Management Corp.** | **ARES Management Corp.** |
| 6.38%, 11/10/28 *(a)* | 100000 | 105090 |
| 5.60%, 10/11/54 *(a)* | 125000 | 113706 |
| **BGC Group, Inc.** | **BGC Group, Inc.** | **BGC Group, Inc.** |
| 8.00%, 05/25/28 *(a)* | 75000 | 80244 |
| 6.60%, 06/10/29 *(a)* | 100000 | 105062 |
| 6.15%, 04/02/30 *(a)* | 100000 | 104184 |
| **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** |
| 4.60%, 07/26/27 *(a)* | 150000 | 151909 |
| 4.70%, 03/14/29 *(a)* | 100000 | 102651 |
| 5.00%, 03/14/34 *(a)* | 200000 | 208072 |
| 4.90%, 01/08/35 *(a)* | 100000 | 103055 |
| 5.25%, 03/14/54 *(a)* | 275000 | 264448 |
| 5.35%, 01/08/55 *(a)* | 200000 | 194280 |
| **BlackRock, Inc.** | **BlackRock, Inc.** | **BlackRock, Inc.** |
| 3.20%, 03/15/27  | 100000 | 99564 |
| 3.25%, 04/30/29 *(a)* | 250000 | 246415 |
| 2.40%, 04/30/30 *(a)* | 200000 | 188876 |
| 1.90%, 01/28/31 *(a)* | 250000 | 227782 |
| 2.10%, 02/25/32 *(a)* | 200000 | 178460 |
| 4.75%, 05/25/33 *(a)* | 200000 | 206078 |
| **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** |
| 4.30%, 11/03/30 *(a)* | 100000 | 99816 |
| 5.00%, 12/06/34 *(a)* | 150000 | 150516 |
| 4.95%, 02/15/36 *(a)* | 100000 | 99125 |
| **Blue Owl Finance LLC** | **Blue Owl Finance LLC** | **Blue Owl Finance LLC** |
| 3.13%, 06/10/31 *(a)* | 125000 | 111234 |
| 4.38%, 02/15/32 *(a)* | 75000 | 70366 |
| 6.25%, 04/18/34 *(a)* | 200000 | 200014 |
| 4.13%, 10/07/51 *(a)* | 75000 | 50083 |
| **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** |
| 4.65%, 11/15/30 *(a)* | 110000 | 111527 |
| 5.80%, 04/24/35 *(a)* | 100000 | 103906 |
| 5.30%, 01/15/36 *(a)* | 70000 | 69803 |
| 6.08%, 09/15/55 *(a)* | 265000 | 269142 |
| **Brookfield Capital Finance LLC** | **Brookfield Capital Finance LLC** | **Brookfield Capital Finance LLC** |
| 6.09%, 06/14/33 *(a)* | 75000 | 79685 |
| **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** | **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** | **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** |
| 2.34%, 01/30/32 *(a)* | 125000 | 110514 |
| **Brookfield Finance LLC/Brookfield Finance, Inc.** | **Brookfield Finance LLC/Brookfield Finance, Inc.** | **Brookfield Finance LLC/Brookfield Finance, Inc.** |
| 3.45%, 04/15/50 *(a)* | 100000 | 67846 |
| **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** |
| 3.90%, 01/25/28 *(a)* | 200000 | 199692 |
| 4.85%, 03/29/29 *(a)* | 150000 | 152715 |
| 4.35%, 04/15/30 *(a)* | 150000 | 150175 |
| 2.72%, 04/15/31 *(a)* | 100000 | 92147 |
| 6.35%, 01/05/34 *(a)* | 100000 | 108470 |
| 5.68%, 01/15/35 *(a)* | 75000 | 77492 |
| 5.33%, 01/15/36 *(a)* | 190000 | 189639 |

---

*See financial notes*

**16**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.70%, 09/20/47 *(a)* | 175000 | 150554 |
| 3.50%, 03/30/51 *(a)* | 150000 | 103055 |
| 3.63%, 02/15/52 *(a)* | 100000 | 69984 |
| 5.97%, 03/04/54 *(a)* | 150000 | 150007 |
| 5.81%, 03/03/55 *(a)* | 75000 | 73331 |
| **Carlyle Group, Inc.** | **Carlyle Group, Inc.** | **Carlyle Group, Inc.** |
| 5.05%, 09/19/35 *(a)* | 140000 | 138272 |
| **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** |
| 1.63%, 12/15/30 *(a)* | 200000 | 178892 |
| **Charles Schwab Corp.** | **Charles Schwab Corp.** | **Charles Schwab Corp.** |
| 3.20%, 03/02/27 *(a)(d)* | 100000 | 99471 |
| 2.45%, 03/03/27 *(a)(d)* | 240000 | 236976 |
| 3.30%, 04/01/27 *(a)(d)* | 100000 | 99491 |
| 3.20%, 01/25/28 *(a)(d)* | 100000 | 99168 |
| 2.00%, 03/20/28 *(a)(d)* | 200000 | 193180 |
| 4.00%, 02/01/29 *(a)(d)* | 75000 | 75544 |
| 5.64%, 05/19/29 *(a)(b)(d)* | 190000 | 197212 |
| 3.25%, 05/22/29 *(a)(d)* | 75000 | 73758 |
| 2.75%, 10/01/29 *(a)(d)* | 50000 | 48102 |
| 6.20%, 11/17/29 *(a)(b)(d)* | 225000 | 238255 |
| 4.63%, 03/22/30 *(a)(d)* | 75000 | 77192 |
| 1.65%, 03/11/31 *(a)(d)* | 100000 | 88660 |
| 2.30%, 05/13/31 *(a)(d)* | 100000 | 91461 |
| 4.34%, 11/14/31 *(a)(b)* | 150000 | 150867 |
| 1.95%, 12/01/31 *(a)(d)* | 125000 | 110834 |
| 2.90%, 03/03/32 *(a)(d)* | 150000 | 138777 |
| 5.85%, 05/19/34 *(a)(b)(d)* | 225000 | 241963 |
| 6.14%, 08/24/34 *(a)(b)(d)* | 225000 | 245875 |
| 4.91%, 11/14/36 *(a)(b)(d)* | 150000 | 150108 |
| **CME Group, Inc.** | **CME Group, Inc.** | **CME Group, Inc.** |
| 3.75%, 06/15/28 *(a)* | 100000 | 100065 |
| 4.40%, 03/15/30 *(a)* | 100000 | 101855 |
| 2.65%, 03/15/32 *(a)* | 200000 | 185018 |
| 5.30%, 09/15/43 *(a)* | 200000 | 204666 |
| 4.15%, 06/15/48 *(a)* | 100000 | 85837 |
| **Eaton Vance Corp.** | **Eaton Vance Corp.** | **Eaton Vance Corp.** |
| 3.50%, 04/06/27 *(a)* | 50000 | 49864 |
| **Franklin Resources, Inc.** | **Franklin Resources, Inc.** | **Franklin Resources, Inc.** |
| 1.60%, 10/30/30 *(a)* | 150000 | 134873 |
| 2.95%, 08/12/51 *(a)* | 100000 | 64471 |
| **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** |
| 3.10%, 09/15/27 *(a)* | 100000 | 99039 |
| 4.00%, 09/15/27 *(a)* | 300000 | 300981 |
| 3.63%, 09/01/28 *(a)* | 175000 | 173953 |
| 3.75%, 09/21/28 *(a)* | 100000 | 99690 |
| 3.95%, 12/01/28 *(a)* | 110000 | 110287 |
| 4.35%, 06/15/29 *(a)* | 250000 | 253265 |
| 2.10%, 06/15/30 *(a)* | 250000 | 231205 |
| 4.20%, 03/15/31 *(a)* | 120000 | 120824 |
| 5.25%, 06/15/31 *(a)* | 150000 | 157713 |
| 1.85%, 09/15/32 *(a)* | 450000 | 387927 |
| 4.60%, 03/15/33 *(a)* | 275000 | 279037 |
| 2.65%, 09/15/40 *(a)* | 250000 | 187170 |
| 4.25%, 09/21/48 *(a)* | 225000 | 188235 |
| 3.00%, 06/15/50 *(a)* | 225000 | 148828 |
| 4.95%, 06/15/52 *(a)* | 275000 | 252117 |
| 3.00%, 09/15/60 *(a)* | 250000 | 150250 |
| 5.20%, 06/15/62 *(a)* | 200000 | 185372 |
| **Invesco Finance PLC** | **Invesco Finance PLC** | **Invesco Finance PLC** |
| 5.38%, 11/30/43  | 100000 | 98545 |
| **Janus Henderson U.S. Holdings, Inc.** | **Janus Henderson U.S. Holdings, Inc.** | **Janus Henderson U.S. Holdings, Inc.** |
| 5.45%, 09/10/34 *(a)* | 100000 | 101638 |
| **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** |
| 6.45%, 06/08/27  | 100000 | 102686 |
| 5.88%, 07/21/28 *(a)* | 200000 | 206846 |
| 4.15%, 01/23/30  | 175000 | 172480 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.63%, 10/15/31 *(a)* | 200000 | 177926 |
| 2.75%, 10/15/32 *(a)* | 100000 | 87683 |
| 6.20%, 04/14/34 *(a)* | 250000 | 261882 |
| 6.25%, 01/15/36  | 100000 | 104772 |
| 5.50%, 02/15/36 *(a)* | 275000 | 269998 |
| 6.50%, 01/20/43  | 150000 | 153121 |
| **KKR & Co., Inc.** | **KKR & Co., Inc.** | **KKR & Co., Inc.** |
| 5.10%, 08/07/35 *(a)* | 160000 | 157920 |
| **Lazard Group LLC** | **Lazard Group LLC** | **Lazard Group LLC** |
| 4.50%, 09/19/28 *(a)* | 150000 | 150918 |
| 4.38%, 03/11/29 *(a)* | 150000 | 150534 |
| 6.00%, 03/15/31 *(a)* | 75000 | 80006 |
| **Legg Mason, Inc.** | **Legg Mason, Inc.** | **Legg Mason, Inc.** |
| 5.63%, 01/15/44  | 75000 | 75050 |
| **LPL Holdings, Inc.** | **LPL Holdings, Inc.** | **LPL Holdings, Inc.** |
| 5.70%, 05/20/27 *(a)* | 100000 | 101599 |
| 4.90%, 04/03/28 *(a)* | 75000 | 75913 |
| 6.75%, 11/17/28 *(a)* | 150000 | 159145 |
| 5.20%, 03/15/30 *(a)* | 150000 | 153468 |
| 5.15%, 06/15/30 *(a)* | 75000 | 76553 |
| 6.00%, 05/20/34 *(a)* | 100000 | 104657 |
| 5.65%, 03/15/35 *(a)* | 95000 | 96624 |
| 5.75%, 06/15/35 *(a)* | 75000 | 76644 |
| **Marex Group PLC** | **Marex Group PLC** | **Marex Group PLC** |
| 5.83%, 05/08/28 *(a)* | 100000 | 102018 |
| 6.40%, 11/04/29 *(a)* | 100000 | 104676 |
| **Nasdaq, Inc.** | **Nasdaq, Inc.** | **Nasdaq, Inc.** |
| 5.35%, 06/28/28 *(a)* | 175000 | 180126 |
| 1.65%, 01/15/31 *(a)* | 100000 | 89288 |
| 5.55%, 02/15/34 *(a)* | 200000 | 210828 |
| 2.50%, 12/21/40 *(a)* | 150000 | 107703 |
| 3.25%, 04/28/50 *(a)* | 100000 | 68677 |
| 3.95%, 03/07/52 *(a)* | 100000 | 76269 |
| 5.95%, 08/15/53 *(a)* | 125000 | 129704 |
| 6.10%, 06/28/63 *(a)* | 150000 | 155992 |
| **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** |
| 5.59%, 07/02/27  | 200000 | 204076 |
| 6.07%, 07/12/28  | 200000 | 208946 |
| 2.17%, 07/14/28  | 200000 | 191448 |
| 5.61%, 07/06/29  | 200000 | 209032 |
| 3.10%, 01/16/30  | 200000 | 191890 |
| 4.90%, 07/01/30  | 200000 | 204716 |
| 2.68%, 07/16/30  | 200000 | 187118 |
| 2.61%, 07/14/31  | 200000 | 182642 |
| 3.00%, 01/22/32  | 200000 | 184644 |
| 6.18%, 01/18/33  | 200000 | 217864 |
| 6.09%, 07/12/33  | 200000 | 217406 |
| 5.78%, 07/03/34  | 200000 | 212866 |
| 5.04%, 06/10/36 *(a)(b)* | 200000 | 200658 |
| **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** |
| 4.65%, 04/01/30 *(a)* | 100000 | 102323 |
| 4.90%, 09/11/35 *(a)* | 110000 | 109760 |
| 4.95%, 07/15/46  | 150000 | 138327 |
| 3.75%, 04/01/51 *(a)* | 150000 | 111113 |
| 5.65%, 09/11/55 *(a)* | 150000 | 146664 |
| **Stifel Financial Corp.** | **Stifel Financial Corp.** | **Stifel Financial Corp.** |
| 4.00%, 05/15/30 *(a)* | 100000 | 98634 |
| **TPG Operating Group II LP** | **TPG Operating Group II LP** | **TPG Operating Group II LP** |
| 4.88%, 05/15/31 *(a)* | 100000 | 100469 |
| 5.88%, 03/05/34 *(a)* | 100000 | 103665 |
| 5.38%, 01/15/36 *(a)* | 150000 | 148416 |
|  |  | **22371775** |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**17**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Finance Companies 0.4%***  | ***Finance Companies 0.4%***  | ***Finance Companies 0.4%***  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** |
| 6.45%, 04/15/27 *(a)* | 200000 | 205058 |
| 3.65%, 07/21/27 *(a)* | 250000 | 249062 |
| 4.63%, 10/15/27 *(a)* | 150000 | 151395 |
| 3.88%, 01/23/28 *(a)* | 150000 | 149712 |
| 4.88%, 04/01/28 *(a)* | 100000 | 101705 |
| 5.75%, 06/06/28 *(a)* | 200000 | 207220 |
| 3.00%, 10/29/28 *(a)* | 600000 | 583608 |
| 5.10%, 01/19/29 *(a)* | 150000 | 153997 |
| 4.13%, 02/28/29 *(a)* | 150000 | 150090 |
| 4.63%, 09/10/29 *(a)* | 200000 | 202808 |
| 6.15%, 09/30/30 *(a)* | 150000 | 160989 |
| 4.38%, 11/15/30 *(a)* | 150000 | 150426 |
| 5.38%, 12/15/31 *(a)* | 250000 | 260857 |
| 3.30%, 01/30/32 *(a)* | 700000 | 654087 |
| 4.75%, 01/15/33 *(a)* | 150000 | 150370 |
| 3.40%, 10/29/33 *(a)* | 300000 | 273852 |
| 5.30%, 01/19/34 *(a)* | 150000 | 154443 |
| 4.95%, 09/10/34 *(a)* | 200000 | 200526 |
| 5.00%, 11/15/35 *(a)* | 150000 | 149812 |
| 3.85%, 10/29/41 *(a)* | 300000 | 249786 |
| 6.95%, 03/10/55 *(a)(b)* | 150000 | 158415 |
| 6.50%, 01/31/56 *(a)(b)* | 150000 | 155571 |
| **Air Lease Corp.** | **Air Lease Corp.** | **Air Lease Corp.** |
| 3.63%, 04/01/27 *(a)* | 100000 | 99590 |
| 3.63%, 12/01/27 *(a)* | 150000 | 149023 |
| 5.85%, 12/15/27 *(a)* | 150000 | 154548 |
| 5.30%, 02/01/28 *(a)* | 125000 | 127659 |
| 2.10%, 09/01/28 *(a)* | 100000 | 94977 |
| 4.63%, 10/01/28 *(a)* | 100000 | 100851 |
| 5.10%, 03/01/29 *(a)* | 150000 | 153411 |
| 3.25%, 10/01/29 *(a)* | 100000 | 96500 |
| 3.00%, 02/01/30 *(a)* | 100000 | 94744 |
| 3.13%, 12/01/30 *(a)* | 150000 | 140996 |
| 5.20%, 07/15/31 *(a)* | 100000 | 102627 |
| 2.88%, 01/15/32 *(a)* | 150000 | 136284 |
| **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** |
| 5.20%, 12/08/28 *(a)(e)* | 75000 | 74723 |
| 6.90%, 04/13/29 *(a)* | 125000 | 129975 |
| 5.88%, 08/30/30 *(a)* | 70000 | 70473 |
| 5.70%, 01/23/31 *(a)(e)* | 150000 | 148890 |
| 6.70%, 07/29/31 *(a)* | 200000 | 206876 |
| 6.55%, 03/15/32 *(a)* | 100000 | 102249 |
| **ARES Capital Corp.** | **ARES Capital Corp.** | **ARES Capital Corp.** |
| 2.88%, 06/15/27 *(a)* | 100000 | 98054 |
| 2.88%, 06/15/28 *(a)* | 200000 | 190834 |
| 5.88%, 03/01/29 *(a)* | 150000 | 152820 |
| 5.95%, 07/15/29 *(a)* | 150000 | 153355 |
| 5.50%, 09/01/30 *(a)* | 150000 | 148672 |
| 5.10%, 01/15/31 *(a)* | 110000 | 107393 |
| 5.25%, 04/12/31 *(a)* | 125000 | 122456 |
| 3.20%, 11/15/31 *(a)* | 150000 | 132069 |
| 5.80%, 03/08/32 *(a)(c)* | 150000 | 149446 |
| **ARES Strategic Income Fund** | **ARES Strategic Income Fund** | **ARES Strategic Income Fund** |
| 5.70%, 03/15/28 *(a)* | 200000 | 201588 |
| 5.45%, 09/09/28 *(a)(e)* | 110000 | 109989 |
| 4.85%, 01/15/29 *(a)(e)* | 110000 | 108225 |
| 6.35%, 08/15/29 *(a)* | 125000 | 127581 |
| 5.60%, 02/15/30 *(a)* | 125000 | 123610 |
| 5.80%, 09/09/30 *(a)(e)* | 90000 | 89770 |
| 5.15%, 01/15/31 *(a)(e)* | 90000 | 87353 |
| 5.55%, 04/15/31 *(a)(e)* | 125000 | 122939 |
| 6.20%, 03/21/32 *(a)* | 175000 | 175924 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** |
| 5.95%, 03/15/30 *(a)* | 75000 | 74682 |
| 5.95%, 03/01/31 *(a)* | 75000 | 73123 |
| **Barings BDC, Inc.** | **Barings BDC, Inc.** | **Barings BDC, Inc.** |
| 5.20%, 09/15/28 *(a)* | 50000 | 49496 |
| 7.00%, 02/15/29 *(a)* | 100000 | 102786 |
| **Barings Private Credit Corp.** | **Barings Private Credit Corp.** | **Barings Private Credit Corp.** |
| 5.75%, 02/06/29 *(a)(e)* | 75000 | 74840 |
| 6.15%, 06/11/30 *(a)(e)* | 70000 | 69498 |
| **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** |
| 3.25%, 03/15/27 *(a)* | 200000 | 197488 |
| 4.95%, 09/26/27 *(a)* | 175000 | 174860 |
| 7.30%, 11/27/28 *(a)* | 150000 | 156877 |
| 4.00%, 01/15/29 *(a)* | 100000 | 95972 |
| 5.95%, 07/16/29 *(a)* | 100000 | 100848 |
| 5.60%, 11/22/29 *(a)* | 200000 | 198756 |
| 5.25%, 04/01/30 *(a)* | 75000 | 73495 |
| 5.05%, 09/10/30 *(a)* | 90000 | 86167 |
| 6.00%, 01/29/32 *(a)* | 200000 | 198450 |
| 6.00%, 11/22/34 *(a)* | 225000 | 218090 |
| **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** |
| 5.88%, 11/15/27 *(a)* | 100000 | 101533 |
| 5.35%, 04/13/28 *(a)* | 100000 | 100153 |
| 2.85%, 09/30/28 *(a)* | 100000 | 93793 |
| 5.30%, 06/30/30 *(a)* | 75000 | 73798 |
| 5.13%, 01/31/31 *(a)* | 125000 | 121214 |
| **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** |
| 3.13%, 04/13/27 *(a)* | 75000 | 72968 |
| 2.88%, 06/11/28 *(a)* | 150000 | 140478 |
| 5.95%, 03/15/29 *(a)* | 200000 | 199228 |
| 6.20%, 07/15/30 *(a)* | 100000 | 99741 |
| **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** |
| 7.95%, 06/13/28 *(a)* | 125000 | 129765 |
| 7.75%, 01/15/29 *(a)* | 100000 | 103949 |
| 6.60%, 09/15/29 *(a)* | 175000 | 176823 |
| 5.80%, 03/15/30 *(a)* | 275000 | 269739 |
| 6.65%, 03/15/31 *(a)* | 150000 | 150907 |
| **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** |
| 6.10%, 03/15/28 *(a)* | 100000 | 99761 |
| 6.75%, 04/04/29 *(a)* | 125000 | 124584 |
| 6.13%, 01/23/31 *(a)* | 100000 | 95733 |
| **Capital Southwest Corp.** | **Capital Southwest Corp.** | **Capital Southwest Corp.** |
| 5.95%, 09/18/30 *(a)* | 60000 | 59845 |
| **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** |
| 6.75%, 02/18/30 *(a)* | 75000 | 76028 |
| 5.75%, 02/15/31 *(a)* | 50000 | 48420 |
| **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** |
| 7.20%, 06/15/29 *(a)* | 50000 | 51293 |
| 6.00%, 10/02/30 *(a)(e)* | 50000 | 48622 |
| **FS KKR Capital Corp.** | **FS KKR Capital Corp.** | **FS KKR Capital Corp.** |
| 3.25%, 07/15/27 *(a)* | 75000 | 72042 |
| 3.13%, 10/12/28 *(a)* | 150000 | 136649 |
| 7.88%, 01/15/29 *(a)* | 100000 | 101953 |
| 6.88%, 08/15/29 *(a)* | 100000 | 98818 |
| 6.13%, 01/15/30 *(a)(c)* | 125000 | 119974 |
| 6.13%, 01/15/31 *(a)* | 70000 | 66357 |
| **GATX Corp.** | **GATX Corp.** | **GATX Corp.** |
| 3.85%, 03/30/27 *(a)* | 50000 | 49935 |
| 3.50%, 03/15/28 *(a)* | 150000 | 148497 |
| 4.55%, 11/07/28 *(a)* | 75000 | 76001 |
| 4.70%, 04/01/29 *(a)* | 150000 | 152782 |
| 4.00%, 06/30/30 *(a)* | 100000 | 99309 |
| 1.90%, 06/01/31 *(a)* | 100000 | 88851 |
| 3.50%, 06/01/32 *(a)* | 75000 | 71009 |
| 4.90%, 03/15/33 *(a)* | 75000 | 76283 |

---

*See financial notes*

**18**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.45%, 09/15/33 *(a)* | 75000 | 78700 |
| 6.05%, 03/15/34 *(a)* | 100000 | 108566 |
| 6.90%, 05/01/34 *(a)* | 100000 | 113680 |
| 5.50%, 06/15/35 *(a)* | 100000 | 103975 |
| 5.20%, 03/15/44 *(a)* | 75000 | 72274 |
| 3.10%, 06/01/51 *(a)* | 100000 | 65869 |
| 6.05%, 06/05/54 *(a)* | 150000 | 155241 |
| **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** |
| 6.38%, 03/11/27  | 75000 | 76317 |
| 5.65%, 09/09/30 *(a)* | 70000 | 68327 |
| **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** |
| 5.05%, 02/23/28 *(e)* | 125000 | 124216 |
| 5.88%, 05/06/28 *(a)(e)* | 75000 | 75937 |
| 5.38%, 01/31/29 *(a)(e)* | 75000 | 74988 |
| 6.25%, 05/06/30 *(a)(e)* | 100000 | 100362 |
| 5.88%, 01/31/31 *(a)(e)* | 90000 | 88484 |
| **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** |
| 7.05%, 12/05/28 *(a)* | 150000 | 156099 |
| 6.00%, 07/15/29 *(a)* | 100000 | 100429 |
| **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** |
| 5.45%, 08/15/28 *(a)(e)* | 90000 | 90073 |
| 5.80%, 09/12/29 *(a)* | 90000 | 90492 |
| 5.88%, 05/01/30 *(a)* | 95000 | 95036 |
| 5.60%, 04/15/31 *(a)(e)* | 100000 | 97470 |
| **Hercules Capital, Inc.** | **Hercules Capital, Inc.** | **Hercules Capital, Inc.** |
| 5.35%, 02/10/29 *(a)* | 50000 | 49753 |
| 6.00%, 06/16/30 *(a)* | 60000 | 59772 |
| **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** |
| 5.30%, 06/05/27 *(e)* | 100000 | 100437 |
| 5.45%, 01/14/28 *(a)* | 100000 | 100455 |
| 4.90%, 09/11/28 *(a)(e)* | 110000 | 108678 |
| 6.75%, 01/30/29 *(a)* | 100000 | 103667 |
| 5.15%, 04/02/29 *(a)(e)* | 75000 | 74447 |
| 6.25%, 09/30/29 *(a)* | 75000 | 76670 |
| 5.85%, 06/05/30 *(a)(e)* | 100000 | 100182 |
| 5.45%, 11/15/30 *(a)(e)* | 90000 | 88646 |
| 5.65%, 04/02/31 *(a)(e)* | 75000 | 74330 |
| 5.95%, 04/14/32 *(a)* | 100000 | 100018 |
| **Main Street Capital Corp.** | **Main Street Capital Corp.** | **Main Street Capital Corp.** |
| 6.50%, 06/04/27 *(a)* | 50000 | 50837 |
| 5.40%, 08/15/28 *(a)* | 100000 | 100510 |
| 6.95%, 03/01/29 *(a)* | 75000 | 77947 |
| **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** |
| 6.15%, 05/17/29 *(a)* | 75000 | 76669 |
| 6.00%, 05/19/30 *(a)* | 100000 | 100341 |
| **MSD Investment Corp.** | **MSD Investment Corp.** | **MSD Investment Corp.** |
| 6.25%, 05/31/30 *(a)(e)* | 100000 | 100189 |
| 6.13%, 02/05/31 *(a)(e)* | 75000 | 74117 |
| **New Mountain Finance Corp.** | **New Mountain Finance Corp.** | **New Mountain Finance Corp.** |
| 6.20%, 10/15/27  | 75000 | 75548 |
| 6.88%, 02/01/29 *(a)* | 75000 | 75774 |
| **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** |
| 5.13%, 09/25/28 *(a)(e)* | 50000 | 49538 |
| 5.75%, 02/01/30 *(a)* | 75000 | 74086 |
| **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** |
| 6.65%, 03/15/30 *(a)* | 100000 | 102386 |
| **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** |
| 7.10%, 02/15/29 *(a)* | 100000 | 101395 |
| **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** |
| 8.40%, 11/14/28 *(a)* | 75000 | 80693 |
| 6.50%, 07/23/29 *(a)* | 75000 | 76839 |
| 6.19%, 07/15/30 *(a)(e)* | 70000 | 69605 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Sixth Street Lending Partners** | **Sixth Street Lending Partners** | **Sixth Street Lending Partners** |
| 6.50%, 03/11/29 *(a)* | 200000 | 206760 |
| 5.75%, 01/15/30 *(a)* | 100000 | 100435 |
| 6.13%, 07/15/30 *(a)* | 100000 | 101487 |
| **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** |
| 6.13%, 03/01/29 *(a)* | 75000 | 76092 |
| 5.63%, 08/15/30 *(a)* | 75000 | 74579 |
|  |  | **20021943** |
| ***Financial Other 0.0%***  | ***Financial Other 0.0%***  | ***Financial Other 0.0%***  |
| **Andrew W Mellon Foundation** | **Andrew W Mellon Foundation** | **Andrew W Mellon Foundation** |
| 0.95%, 08/01/27 *(a)* | 100000 | 96344 |
| **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** |
| 6.15%, 01/15/31 *(a)* | 110000 | 114189 |
| 6.38%, 07/01/34 *(a)* | 200000 | 206856 |
| 6.75%, 07/15/35 *(a)* | 70000 | 73673 |
| 6.00%, 03/15/36 *(a)* | 75000 | 74598 |
| **J Paul Getty Trust** | **J Paul Getty Trust** | **J Paul Getty Trust** |
| 4.91%, 04/01/35 *(a)* | 100000 | 103794 |
| **ORIX Corp.** | **ORIX Corp.** | **ORIX Corp.** |
| 3.70%, 07/18/27  | 100000 | 99789 |
| 5.00%, 09/13/27  | 95000 | 96545 |
| 4.65%, 09/10/29  | 150000 | 153633 |
| 4.45%, 09/09/30  | 90000 | 91038 |
| 2.25%, 03/09/31  | 100000 | 91243 |
| 5.20%, 09/13/32  | 200000 | 209488 |
| 5.40%, 02/25/35  | 95000 | 99412 |
|  |  | **1510602** |
| ***Insurance 1.1%***  | ***Insurance 1.1%***  | ***Insurance 1.1%***  |
| **Aegon Ltd.** | **Aegon Ltd.** | **Aegon Ltd.** |
| 5.50%, 04/11/48 *(a)(b)* | 200000 | 202858 |
| **Aetna, Inc.** | **Aetna, Inc.** | **Aetna, Inc.** |
| 6.63%, 06/15/36  | 100000 | 111451 |
| 6.75%, 12/15/37  | 150000 | 167425 |
| 4.50%, 05/15/42 *(a)* | 100000 | 87323 |
| 4.75%, 03/15/44 *(a)* | 50000 | 44070 |
| 3.88%, 08/15/47 *(a)* | 75000 | 57263 |
| **Aflac, Inc.** | **Aflac, Inc.** | **Aflac, Inc.** |
| 3.60%, 04/01/30 *(a)* | 250000 | 246407 |
| 4.00%, 10/15/46 *(a)* | 75000 | 60947 |
| 4.75%, 01/15/49 *(a)* | 100000 | 88999 |
| **Alleghany Corp.** | **Alleghany Corp.** | **Alleghany Corp.** |
| 3.63%, 05/15/30 *(a)* | 100000 | 98830 |
| 4.90%, 09/15/44 *(a)* | 100000 | 93697 |
| 3.25%, 08/15/51 *(a)* | 100000 | 69429 |
| **Allstate Corp.** | **Allstate Corp.** | **Allstate Corp.** |
| 5.05%, 06/24/29 *(a)* | 100000 | 103325 |
| 1.45%, 12/15/30 *(a)* | 75000 | 66268 |
| 5.25%, 03/30/33 *(a)* | 150000 | 156775 |
| 5.35%, 06/01/33  | 100000 | 105167 |
| 5.55%, 05/09/35  | 75000 | 79768 |
| 5.95%, 04/01/36  | 75000 | 81367 |
| 4.50%, 06/15/43  | 125000 | 110584 |
| 4.20%, 12/15/46 *(a)* | 100000 | 82859 |
| 3.85%, 08/10/49 *(a)* | 100000 | 77061 |
| 6.50%, 05/15/67 *(a)(b)* | 100000 | 105233 |
| **American Financial Group, Inc.** | **American Financial Group, Inc.** | **American Financial Group, Inc.** |
| 5.25%, 04/02/30 *(a)* | 75000 | 78500 |
| 5.00%, 09/23/35 *(a)* | 60000 | 59444 |
| 4.50%, 06/15/47 *(a)* | 100000 | 85724 |
| **American International Group, Inc.** | **American International Group, Inc.** | **American International Group, Inc.** |
| 4.85%, 05/07/30 *(a)* | 100000 | 102724 |
| 3.40%, 06/30/30 *(a)* | 150000 | 146168 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**19**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.13%, 03/27/33 *(a)* | 150000 | 155046 |
| 3.88%, 01/15/35 *(a)* | 78000 | 73149 |
| 5.45%, 05/07/35 *(a)* | 100000 | 104419 |
| 4.50%, 07/16/44 *(a)* | 145000 | 128541 |
| 4.75%, 04/01/48 *(a)* | 200000 | 179548 |
| 4.38%, 06/30/50 *(a)* | 200000 | 167318 |
| **American National Group, Inc.** | **American National Group, Inc.** | **American National Group, Inc.** |
| 5.00%, 06/15/27 *(a)* | 90000 | 90496 |
| 5.75%, 10/01/29 *(a)* | 100000 | 102125 |
| 6.00%, 07/15/35 *(a)* | 100000 | 99377 |
| **Aon Corp.** | **Aon Corp.** | **Aon Corp.** |
| 4.50%, 12/15/28 *(a)* | 100000 | 101396 |
| 3.75%, 05/02/29 *(a)* | 150000 | 148791 |
| 2.80%, 05/15/30 *(a)* | 200000 | 189742 |
| 6.25%, 09/30/40  | 50000 | 55145 |
| **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** |
| 2.85%, 05/28/27 *(a)* | 100000 | 98656 |
| 2.05%, 08/23/31 *(a)* | 100000 | 89363 |
| 2.60%, 12/02/31 *(a)* | 100000 | 91170 |
| 5.00%, 09/12/32 *(a)* | 100000 | 102994 |
| 5.35%, 02/28/33 *(a)* | 100000 | 104538 |
| 2.90%, 08/23/51 *(a)* | 100000 | 62422 |
| 3.90%, 02/28/52 *(a)* | 200000 | 149298 |
| **Aon Global Ltd.** | **Aon Global Ltd.** | **Aon Global Ltd.** |
| 4.60%, 06/14/44 *(a)* | 100000 | 87934 |
| 4.75%, 05/15/45 *(a)* | 100000 | 88816 |
| **Aon North America, Inc.** | **Aon North America, Inc.** | **Aon North America, Inc.** |
| 5.13%, 03/01/27 *(a)* | 150000 | 151569 |
| 5.15%, 03/01/29 *(a)* | 150000 | 154710 |
| 5.30%, 03/01/31 *(a)* | 125000 | 130600 |
| 5.45%, 03/01/34 *(a)* | 300000 | 313308 |
| 5.75%, 03/01/54 *(a)* | 375000 | 371377 |
| **Arch Capital Finance LLC** | **Arch Capital Finance LLC** | **Arch Capital Finance LLC** |
| 5.03%, 12/15/46 *(a)* | 100000 | 94848 |
| **Arch Capital Group Ltd.** | **Arch Capital Group Ltd.** | **Arch Capital Group Ltd.** |
| 7.35%, 05/01/34  | 75000 | 88061 |
| 3.64%, 06/30/50 *(a)* | 200000 | 149172 |
| **Arch Capital Group U.S., Inc.** | **Arch Capital Group U.S., Inc.** | **Arch Capital Group U.S., Inc.** |
| 5.14%, 11/01/43  | 85000 | 81907 |
| **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** |
| 4.60%, 12/15/27 *(a)* | 150000 | 151425 |
| 4.85%, 12/15/29 *(a)* | 150000 | 153714 |
| 2.40%, 11/09/31 *(a)* | 100000 | 89661 |
| 5.00%, 02/15/32 *(a)* | 100000 | 102129 |
| 5.50%, 03/02/33 *(a)* | 75000 | 78304 |
| 6.50%, 02/15/34 *(a)* | 50000 | 55169 |
| 5.45%, 07/15/34 *(a)* | 102000 | 105817 |
| 5.15%, 02/15/35 *(a)* | 300000 | 304260 |
| 3.50%, 05/20/51 *(a)* | 150000 | 104384 |
| 3.05%, 03/09/52 *(a)* | 100000 | 63680 |
| 5.75%, 03/02/53 *(a)* | 100000 | 97290 |
| 6.75%, 02/15/54 *(a)* | 100000 | 109589 |
| 5.75%, 07/15/54 *(a)* | 75000 | 73169 |
| 5.55%, 02/15/55 *(a)* | 300000 | 286776 |
| **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** |
| 5.75%, 07/01/30 *(a)* | 60000 | 63127 |
| **Assurant, Inc.** | **Assurant, Inc.** | **Assurant, Inc.** |
| 4.90%, 03/27/28 *(a)* | 100000 | 101382 |
| 3.70%, 02/22/30 *(a)* | 100000 | 97904 |
| 5.55%, 02/15/36 *(a)* | 90000 | 91560 |
| **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** |
| 3.15%, 06/15/31 *(a)* | 200000 | 188794 |
| 3.60%, 09/15/51 *(a)* | 50000 | 35645 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Athene Holding Ltd.** | **Athene Holding Ltd.** | **Athene Holding Ltd.** |
| 4.13%, 01/12/28 *(a)* | 175000 | 174282 |
| 6.15%, 04/03/30 *(a)* | 100000 | 104963 |
| 3.50%, 01/15/31 *(a)* | 100000 | 94341 |
| 6.65%, 02/01/33 *(a)* | 100000 | 107306 |
| 5.88%, 01/15/34 *(a)* | 100000 | 101904 |
| 3.95%, 05/25/51 *(a)* | 100000 | 68734 |
| 3.45%, 05/15/52 *(a)* | 125000 | 76781 |
| 6.25%, 04/01/54 *(a)* | 200000 | 186814 |
| 6.63%, 10/15/54 *(a)(b)* | 100000 | 96952 |
| 6.63%, 05/19/55 *(a)* | 175000 | 171360 |
| 6.88%, 06/28/55 *(a)(b)* | 100000 | 96362 |
| **AXA SA** | **AXA SA** | **AXA SA** |
| 8.60%, 12/15/30  | 150000 | 176649 |
| **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** |
| 3.90%, 07/15/29 *(a)* | 100000 | 99546 |
| 4.90%, 01/15/40 *(a)(b)* | 50000 | 49303 |
| **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** |
| 4.00%, 12/06/27 *(a)* | 50000 | 49950 |
| **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** |
| 2.30%, 03/15/27 *(a)* | 150000 | 148002 |
| 1.85%, 03/12/30 *(a)* | 100000 | 92816 |
| 1.45%, 10/15/30 *(a)* | 150000 | 135425 |
| 2.88%, 03/15/32 *(a)* | 175000 | 164960 |
| 5.75%, 01/15/40  | 200000 | 220330 |
| 4.40%, 05/15/42  | 100000 | 92724 |
| 4.30%, 05/15/43  | 75000 | 67919 |
| 4.20%, 08/15/48 *(a)* | 425000 | 358453 |
| 4.25%, 01/15/49 *(a)* | 350000 | 296275 |
| 2.85%, 10/15/50 *(a)* | 300000 | 194304 |
| 2.50%, 01/15/51 *(a)* | 100000 | 60389 |
| 3.85%, 03/15/52 *(a)* | 525000 | 407878 |
| **Berkshire Hathaway, Inc.** | **Berkshire Hathaway, Inc.** | **Berkshire Hathaway, Inc.** |
| 4.50%, 02/11/43  | 175000 | 164615 |
| **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** |
| 3.70%, 06/22/27 *(a)* | 150000 | 148155 |
| 5.63%, 05/15/30 *(a)* | 150000 | 151554 |
| 4.70%, 06/22/47 *(a)* | 175000 | 122903 |
| 3.85%, 12/22/51 *(a)* | 75000 | 43967 |
| **Brown & Brown, Inc.** | **Brown & Brown, Inc.** | **Brown & Brown, Inc.** |
| 4.70%, 06/23/28 *(a)* | 90000 | 90989 |
| 4.50%, 03/15/29 *(a)* | 75000 | 75440 |
| 4.90%, 06/23/30 *(a)* | 150000 | 152403 |
| 2.38%, 03/15/31 *(a)* | 150000 | 134840 |
| 4.20%, 03/17/32 *(a)* | 100000 | 96675 |
| 5.25%, 06/23/32 *(a)* | 90000 | 91806 |
| 5.65%, 06/11/34 *(a)* | 100000 | 102936 |
| 5.55%, 06/23/35 *(a)* | 180000 | 183857 |
| 4.95%, 03/17/52 *(a)* | 100000 | 85671 |
| 6.25%, 06/23/55 *(a)* | 190000 | 193730 |
| **Centene Corp.** | **Centene Corp.** | **Centene Corp.** |
| 4.25%, 12/15/27 *(a)* | 500000 | 497030 |
| 2.45%, 07/15/28 *(a)* | 400000 | 377264 |
| 4.63%, 12/15/29 *(a)* | 650000 | 634296 |
| 3.38%, 02/15/30 *(a)* | 350000 | 324852 |
| 3.00%, 10/15/30 *(a)* | 400000 | 360700 |
| 2.50%, 03/01/31 *(a)* | 400000 | 347168 |
| 2.63%, 08/01/31 *(a)* | 300000 | 260232 |
| **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** |
| 4.65%, 08/15/29 *(a)* | 150000 | 153933 |
| 1.38%, 09/15/30 *(a)* | 100000 | 89157 |
| 5.00%, 03/15/34 *(a)* | 375000 | 386265 |
| 4.90%, 08/15/35 *(a)* | 250000 | 253922 |
| 6.70%, 05/15/36  | 100000 | 115376 |
| 6.00%, 05/11/37  | 150000 | 164329 |
| 6.50%, 05/15/38  | 100000 | 114882 |

---

*See financial notes*

**20**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.15%, 03/13/43  | 75000 | 66015 |
| 4.35%, 11/03/45 *(a)* | 250000 | 220302 |
| 2.85%, 12/15/51 *(a)* | 150000 | 97326 |
| 3.05%, 12/15/61 *(a)* | 250000 | 157607 |
| **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** |
| 6.92%, 05/15/28  | 75000 | 79727 |
| 6.13%, 11/01/34  | 50000 | 54130 |
| **CNA Financial Corp.** | **CNA Financial Corp.** | **CNA Financial Corp.** |
| 3.45%, 08/15/27 *(a)* | 100000 | 99233 |
| 3.90%, 05/01/29 *(a)* | 100000 | 99312 |
| 2.05%, 08/15/30 *(a)* | 100000 | 91187 |
| 5.50%, 06/15/33 *(a)* | 100000 | 104762 |
| 5.13%, 02/15/34 *(a)* | 100000 | 101698 |
| 5.20%, 08/15/35 *(a)* | 75000 | 75541 |
| **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** |
| 5.25%, 05/30/29 *(a)* | 75000 | 76278 |
| 6.45%, 06/15/34 *(a)* | 125000 | 130584 |
| **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** |
| 3.65%, 04/05/27 *(a)* | 250000 | 248732 |
| 3.85%, 04/05/29 *(a)* | 150000 | 148326 |
| 3.90%, 04/05/32 *(a)* | 300000 | 285006 |
| 6.05%, 09/15/33 *(a)* | 100000 | 107068 |
| 5.75%, 01/15/34 *(a)* | 100000 | 103400 |
| 4.35%, 04/05/42 *(a)* | 100000 | 86018 |
| 4.40%, 04/05/52 *(a)(c)* | 250000 | 198947 |
| 6.88%, 12/15/52 *(a)(b)* | 175000 | 179405 |
| 6.38%, 09/15/54 *(a)(b)* | 150000 | 150756 |
| **Elevance Health, Inc.** | **Elevance Health, Inc.** | **Elevance Health, Inc.** |
| 3.65%, 12/01/27 *(a)* | 300000 | 298869 |
| 4.10%, 03/01/28 *(a)* | 150000 | 150420 |
| 4.00%, 09/15/28 *(a)* | 255000 | 255500 |
| 5.15%, 06/15/29 *(a)* | 100000 | 103432 |
| 2.88%, 09/15/29 *(a)* | 150000 | 144216 |
| 4.75%, 02/15/30 *(a)* | 150000 | 153594 |
| 2.25%, 05/15/30 *(a)* | 200000 | 185306 |
| 2.55%, 03/15/31 *(a)* | 200000 | 184326 |
| 4.95%, 11/01/31 *(a)* | 150000 | 154438 |
| 4.10%, 05/15/32 *(a)* | 100000 | 98259 |
| 4.60%, 09/15/32 *(a)* | 130000 | 131210 |
| 5.50%, 10/15/32 *(a)* | 150000 | 158440 |
| 4.75%, 02/15/33 *(a)* | 175000 | 177082 |
| 5.38%, 06/15/34 *(a)* | 175000 | 182236 |
| 5.95%, 12/15/34  | 50000 | 54026 |
| 5.20%, 02/15/35 *(a)* | 200000 | 205610 |
| 5.00%, 01/15/36 *(a)* | 205000 | 206070 |
| 5.85%, 01/15/36  | 75000 | 79976 |
| 6.38%, 06/15/37  | 100000 | 111048 |
| 4.63%, 05/15/42  | 200000 | 182438 |
| 4.65%, 01/15/43  | 250000 | 226312 |
| 5.10%, 01/15/44  | 75000 | 71342 |
| 4.65%, 08/15/44 *(a)* | 150000 | 133961 |
| 4.38%, 12/01/47 *(a)* | 250000 | 209275 |
| 4.55%, 03/01/48 *(a)* | 150000 | 129597 |
| 3.70%, 09/15/49 *(a)* | 150000 | 111695 |
| 3.13%, 05/15/50 *(a)* | 200000 | 133402 |
| 3.60%, 03/15/51 *(a)* | 200000 | 144462 |
| 4.55%, 05/15/52 *(a)* | 125000 | 104766 |
| 6.10%, 10/15/52 *(a)* | 150000 | 155896 |
| 5.13%, 02/15/53 *(a)* | 200000 | 182214 |
| 5.65%, 06/15/54 *(a)* | 175000 | 170938 |
| 5.70%, 02/15/55 *(a)* | 250000 | 245685 |
| 5.70%, 09/15/55 *(a)* | 90000 | 88863 |
| 5.85%, 11/01/64 *(a)* | 150000 | 148202 |
| **Enact Holdings, Inc.** | **Enact Holdings, Inc.** | **Enact Holdings, Inc.** |
| 6.25%, 05/28/29 *(a)* | 150000 | 157461 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Enstar Group Ltd.** | **Enstar Group Ltd.** | **Enstar Group Ltd.** |
| 4.95%, 06/01/29 *(a)* | 100000 | 101481 |
| 3.10%, 09/01/31 *(a)* | 100000 | 90046 |
| **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** |
| 4.35%, 04/20/28 *(a)* | 275000 | 276397 |
| 5.59%, 01/11/33 *(a)* | 75000 | 78120 |
| 5.00%, 04/20/48 *(a)* | 250000 | 222922 |
| 6.70%, 03/28/55 *(a)(b)* | 75000 | 78191 |
| **Essent Group Ltd.** | **Essent Group Ltd.** | **Essent Group Ltd.** |
| 6.25%, 07/01/29 *(a)* | 100000 | 104967 |
| **Everest Reinsurance Holdings, Inc.** | **Everest Reinsurance Holdings, Inc.** | **Everest Reinsurance Holdings, Inc.** |
| 4.87%, 06/01/44  | 100000 | 89190 |
| 3.50%, 10/15/50 *(a)* | 200000 | 139928 |
| 3.13%, 10/15/52 *(a)* | 150000 | 95372 |
| **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** |
| 7.40%, 01/13/28 *(a)* | 100000 | 103875 |
| 6.50%, 06/04/29 *(a)* | 100000 | 102953 |
| 6.25%, 10/04/34 *(a)* | 75000 | 71689 |
| **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** |
| 4.85%, 04/17/28 *(a)* | 100000 | 101577 |
| 4.63%, 04/29/30 *(a)* | 125000 | 126495 |
| 3.38%, 03/03/31 *(a)* | 100000 | 95445 |
| 5.63%, 08/16/32 *(a)* | 125000 | 131011 |
| 6.00%, 12/07/33 *(a)* | 150000 | 160419 |
| 5.75%, 05/20/35 *(a)* | 100000 | 104597 |
| 6.35%, 03/22/54 *(a)* | 175000 | 182476 |
| 6.10%, 03/15/55 *(a)* | 100000 | 100116 |
| 6.50%, 05/20/55 *(a)* | 100000 | 107429 |
| **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** |
| 3.40%, 06/15/30 *(a)* | 200000 | 191032 |
| 2.45%, 03/15/31 *(a)* | 150000 | 134601 |
| 3.20%, 09/17/51 *(a)* | 75000 | 47476 |
| **First American Financial Corp.** | **First American Financial Corp.** | **First American Financial Corp.** |
| 4.00%, 05/15/30 *(a)* | 100000 | 97329 |
| 2.40%, 08/15/31 *(a)* | 100000 | 88208 |
| 5.45%, 09/30/34 *(a)* | 75000 | 75554 |
| **Globe Life, Inc.** | **Globe Life, Inc.** | **Globe Life, Inc.** |
| 4.55%, 09/15/28 *(a)* | 100000 | 100860 |
| 2.15%, 08/15/30 *(a)* | 150000 | 137172 |
| 5.85%, 09/15/34 *(a)* | 75000 | 78882 |
| **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** |
| 2.50%, 09/01/30 *(a)* | 100000 | 92612 |
| 5.50%, 09/01/35 *(a)* | 150000 | 153555 |
| **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** |
| 2.80%, 08/19/29 *(a)* | 150000 | 144372 |
| 6.10%, 10/01/41  | 80000 | 87353 |
| 4.30%, 04/15/43  | 75000 | 66331 |
| 4.40%, 03/15/48 *(a)* | 100000 | 85726 |
| 3.60%, 08/19/49 *(a)* | 150000 | 111683 |
| 2.90%, 09/15/51 *(a)* | 100000 | 65219 |
| **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** |
| 7.25%, 09/15/28 *(a)* | 100000 | 107147 |
| 4.70%, 10/01/30 *(a)* | 50000 | 50260 |
| **Humana, Inc.** | **Humana, Inc.** | **Humana, Inc.** |
| 3.95%, 03/15/27 *(a)* | 100000 | 99909 |
| 5.75%, 03/01/28 *(a)* | 100000 | 102752 |
| 5.75%, 12/01/28 *(a)* | 100000 | 103580 |
| 3.70%, 03/23/29 *(a)* | 100000 | 98280 |
| 3.13%, 08/15/29 *(a)* | 150000 | 144338 |
| 4.88%, 04/01/30 *(a)* | 100000 | 101441 |
| 5.38%, 04/15/31 *(a)* | 200000 | 206210 |
| 2.15%, 02/03/32 *(a)* | 150000 | 131010 |
| 5.88%, 03/01/33 *(a)* | 150000 | 157063 |
| 5.95%, 03/15/34 *(a)* | 200000 | 209800 |
| 5.55%, 05/01/35 *(a)* | 125000 | 127345 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**21**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.63%, 12/01/42 *(a)* | 75000 | 64663 |
| 4.95%, 10/01/44 *(a)* | 100000 | 87152 |
| 4.80%, 03/15/47 *(a)* | 100000 | 83797 |
| 3.95%, 08/15/49 *(a)* | 75000 | 54930 |
| 5.50%, 03/15/53 *(a)* | 150000 | 135167 |
| 5.75%, 04/15/54 *(a)* | 200000 | 186484 |
| 6.00%, 05/01/55 *(a)* | 100000 | 96493 |
| **Jackson Financial, Inc.** | **Jackson Financial, Inc.** | **Jackson Financial, Inc.** |
| 3.13%, 11/23/31 *(a)* | 100000 | 91351 |
| 5.67%, 06/08/32 *(a)* | 100000 | 102776 |
| 4.00%, 11/23/51 *(a)* | 100000 | 68245 |
| **Kemper Corp.** | **Kemper Corp.** | **Kemper Corp.** |
| 2.40%, 09/30/30 *(a)* | 150000 | 132087 |
| **Lincoln National Corp.** | **Lincoln National Corp.** | **Lincoln National Corp.** |
| 3.80%, 03/01/28 *(a)* | 100000 | 99198 |
| 3.05%, 01/15/30 *(a)* | 100000 | 95239 |
| 3.40%, 01/15/31 *(a)* | 100000 | 94215 |
| 3.40%, 03/01/32 *(a)* | 75000 | 69197 |
| 5.85%, 03/15/34 *(a)* | 75000 | 77660 |
| 5.35%, 11/15/35 *(a)* | 90000 | 87881 |
| 6.30%, 10/09/37  | 100000 | 104263 |
| 7.00%, 06/15/40  | 100000 | 106500 |
| **Loews Corp.** | **Loews Corp.** | **Loews Corp.** |
| 6.00%, 02/01/35  | 100000 | 109309 |
| 4.94%, 04/01/36 *(a)* | 100000 | 99795 |
| 4.13%, 05/15/43 *(a)* | 100000 | 86351 |
| **Manulife Financial Corp.** | **Manulife Financial Corp.** | **Manulife Financial Corp.** |
| 2.48%, 05/19/27 *(a)* | 100000 | 98458 |
| 3.70%, 03/16/32 *(a)* | 150000 | 144864 |
| 4.99%, 12/11/35 *(a)* | 175000 | 175733 |
| 5.38%, 03/04/46  | 150000 | 149743 |
| **Markel Group, Inc.** | **Markel Group, Inc.** | **Markel Group, Inc.** |
| 3.50%, 11/01/27 *(a)* | 50000 | 49607 |
| 3.35%, 09/17/29 *(a)* | 50000 | 48679 |
| 5.00%, 04/05/46  | 100000 | 91810 |
| 4.30%, 11/01/47 *(a)* | 75000 | 61855 |
| 5.00%, 05/20/49 *(a)* | 100000 | 90346 |
| 4.15%, 09/17/50 *(a)* | 100000 | 78814 |
| 3.45%, 05/07/52 *(a)* | 125000 | 86481 |
| 6.00%, 05/16/54 *(a)* | 100000 | 102114 |
| **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** |
| 4.55%, 11/08/27 *(a)* | 200000 | 201906 |
| 4.38%, 03/15/29 *(a)* | 250000 | 252665 |
| 4.65%, 03/15/30 *(a)* | 150000 | 153015 |
| 2.25%, 11/15/30 *(a)* | 140000 | 128584 |
| 4.85%, 11/15/31 *(a)* | 150000 | 154440 |
| 2.38%, 12/15/31 *(a)* | 75000 | 67757 |
| 5.75%, 11/01/32 *(a)* | 100000 | 107163 |
| 5.88%, 08/01/33  | 100000 | 108951 |
| 5.40%, 09/15/33 *(a)* | 100000 | 105404 |
| 5.15%, 03/15/34 *(a)* | 100000 | 103519 |
| 5.00%, 03/15/35 *(a)* | 350000 | 356359 |
| 4.95%, 03/15/36 *(a)* | 100000 | 100902 |
| 4.75%, 03/15/39 *(a)* | 100000 | 96789 |
| 5.35%, 11/15/44 *(a)* | 100000 | 97150 |
| 4.35%, 01/30/47 *(a)* | 100000 | 84792 |
| 4.20%, 03/01/48 *(a)* | 125000 | 102981 |
| 4.90%, 03/15/49 *(a)* | 250000 | 226507 |
| 2.90%, 12/15/51 *(a)* | 75000 | 47756 |
| 6.25%, 11/01/52 *(a)* | 100000 | 107492 |
| 5.45%, 03/15/53 *(a)* | 100000 | 96779 |
| 5.70%, 09/15/53 *(a)* | 175000 | 174515 |
| 5.45%, 03/15/54 *(a)* | 75000 | 72202 |
| 5.40%, 03/15/55 *(a)* | 325000 | 312780 |
| **Mercury General Corp.** | **Mercury General Corp.** | **Mercury General Corp.** |
| 4.40%, 03/15/27 *(a)* | 100000 | 99990 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MetLife, Inc.** | **MetLife, Inc.** | **MetLife, Inc.** |
| 4.55%, 03/23/30 *(a)* | 200000 | 204430 |
| 6.50%, 12/15/32  | 100000 | 112466 |
| 5.38%, 07/15/33 *(a)* | 150000 | 158116 |
| 6.38%, 06/15/34  | 100000 | 111711 |
| 5.30%, 12/15/34 *(a)* | 200000 | 208134 |
| 5.70%, 06/15/35  | 150000 | 160143 |
| 5.88%, 02/06/41  | 150000 | 158031 |
| 4.13%, 08/13/42  | 150000 | 127821 |
| 4.88%, 11/13/43  | 250000 | 232187 |
| 4.72%, 12/15/44 *(f)* | 100000 | 90096 |
| 4.05%, 03/01/45  | 175000 | 144772 |
| 4.60%, 05/13/46 *(a)* | 100000 | 88836 |
| 5.00%, 07/15/52 *(a)* | 200000 | 180912 |
| 5.25%, 01/15/54 *(a)* | 225000 | 212011 |
| 6.35%, 03/15/55 *(a)(b)* | 175000 | 182366 |
| 5.85%, 03/15/56 *(a)(b)* | 300000 | 297963 |
| 6.40%, 12/15/66 *(a)* | 230000 | 241178 |
| 10.75%, 08/01/69 *(a)* | 75000 | 99724 |
| **MGIC Investment Corp.** | **MGIC Investment Corp.** | **MGIC Investment Corp.** |
| 5.25%, 08/15/28 *(a)* | 100000 | 99988 |
| **Nationwide Financial Services, Inc.** | **Nationwide Financial Services, Inc.** | **Nationwide Financial Services, Inc.** |
| 6.75%, 05/15/87  | 40000 | 40419 |
| **NMI Holdings, Inc.** | **NMI Holdings, Inc.** | **NMI Holdings, Inc.** |
| 6.00%, 08/15/29 *(a)* | 100000 | 104110 |
| **Old Republic International Corp.** | **Old Republic International Corp.** | **Old Republic International Corp.** |
| 5.75%, 03/28/34 *(a)* | 100000 | 104888 |
| 3.85%, 06/11/51 *(a)* | 125000 | 90934 |
| **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** |
| 3.70%, 07/02/29 *(a)* | 100000 | 98589 |
| 4.50%, 10/01/50 *(a)(b)* | 75000 | 72662 |
| **Primerica, Inc.** | **Primerica, Inc.** | **Primerica, Inc.** |
| 2.80%, 11/19/31 *(a)* | 150000 | 137292 |
| **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** |
| 3.70%, 05/15/29 *(a)* | 150000 | 148541 |
| 2.13%, 06/15/30 *(a)* | 150000 | 137630 |
| 5.38%, 03/15/33 *(a)* | 75000 | 78553 |
| 6.05%, 10/15/36  | 100000 | 109304 |
| 4.63%, 09/15/42  | 75000 | 68051 |
| 4.30%, 11/15/46 *(a)* | 62000 | 52595 |
| 5.50%, 03/15/53 *(a)* | 75000 | 72548 |
| **Progressive Corp.** | **Progressive Corp.** | **Progressive Corp.** |
| 4.00%, 03/01/29 *(a)* | 150000 | 150792 |
| 3.20%, 03/26/30 *(a)* | 100000 | 97118 |
| 3.00%, 03/15/32 *(a)* | 75000 | 69682 |
| 6.25%, 12/01/32  | 150000 | 166740 |
| 4.95%, 06/15/33 *(a)* | 100000 | 103174 |
| 3.70%, 01/26/45  | 100000 | 79349 |
| 4.13%, 04/15/47 *(a)* | 175000 | 145362 |
| 4.20%, 03/15/48 *(a)* | 100000 | 83384 |
| 3.95%, 03/26/50 *(a)* | 100000 | 78834 |
| 3.70%, 03/15/52 *(a)* | 100000 | 75207 |
| **Prudential Financial, Inc.** | **Prudential Financial, Inc.** | **Prudential Financial, Inc.** |
| 3.88%, 03/27/28 *(a)* | 97000 | 97104 |
| 2.10%, 03/10/30 *(a)* | 200000 | 186990 |
| 5.70%, 12/14/36  | 150000 | 158985 |
| 6.63%, 12/01/37  | 150000 | 172926 |
| 3.00%, 03/10/40 *(a)* | 250000 | 195280 |
| 4.60%, 05/15/44  | 150000 | 133586 |
| 4.50%, 09/15/47 *(a)(b)* | 100000 | 98786 |
| 3.91%, 12/07/47 *(a)* | 200000 | 156780 |
| 4.42%, 03/27/48 *(a)* | 75000 | 63345 |
| 5.70%, 09/15/48 *(a)(b)* | 150000 | 151546 |
| 3.94%, 12/07/49 *(a)* | 100000 | 77252 |
| 4.35%, 02/25/50 *(a)* | 150000 | 122712 |
| 3.70%, 10/01/50 *(a)(b)* | 200000 | 187082 |

---

*See financial notes*

**22**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.70%, 03/13/51 *(a)* | 300000 | 219939 |
| 5.13%, 03/01/52 *(a)(b)* | 200000 | 197218 |
| 6.00%, 09/01/52 *(a)(b)* | 200000 | 207268 |
| 6.75%, 03/01/53 *(a)(b)* | 100000 | 107325 |
| 6.50%, 03/15/54 *(a)(b)* | 200000 | 211008 |
| **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** |
| 3.13%, 04/14/30  | 200000 | 193146 |
| **Radian Group, Inc.** | **Radian Group, Inc.** | **Radian Group, Inc.** |
| 4.88%, 03/15/27 *(a)* | 100000 | 100317 |
| 6.20%, 05/15/29 *(a)* | 100000 | 104911 |
| **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** |
| 3.90%, 05/15/29 *(a)* | 100000 | 99455 |
| 3.15%, 06/15/30 *(a)* | 200000 | 191024 |
| 6.00%, 09/15/33 *(a)* | 100000 | 107028 |
| 5.75%, 09/15/34 *(a)* | 100000 | 104654 |
| 6.65%, 09/15/55 *(a)(b)* | 150000 | 155344 |
| **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** |
| 3.60%, 04/15/29 *(a)* | 150000 | 147587 |
| 5.75%, 06/05/33 *(a)* | 150000 | 158344 |
| 5.80%, 04/01/35 *(a)* | 75000 | 78746 |
| **Selective Insurance Group, Inc.** | **Selective Insurance Group, Inc.** | **Selective Insurance Group, Inc.** |
| 5.38%, 03/01/49 *(a)* | 75000 | 71286 |
| **SiriusPoint Ltd.** | **SiriusPoint Ltd.** | **SiriusPoint Ltd.** |
| 7.00%, 04/05/29 *(a)* | 100000 | 105410 |
| **Stewart Information Services Corp.** | **Stewart Information Services Corp.** | **Stewart Information Services Corp.** |
| 3.60%, 11/15/31 *(a)* | 100000 | 90799 |
| **Transatlantic Holdings, Inc.** | **Transatlantic Holdings, Inc.** | **Transatlantic Holdings, Inc.** |
| 8.00%, 11/30/39  | 100000 | 125932 |
| **Travelers Cos., Inc.** | **Travelers Cos., Inc.** | **Travelers Cos., Inc.** |
| 5.05%, 07/24/35 *(a)* | 90000 | 92409 |
| 6.75%, 06/20/36  | 150000 | 173487 |
| 6.25%, 06/15/37  | 150000 | 168441 |
| 5.35%, 11/01/40  | 100000 | 102023 |
| 4.60%, 08/01/43  | 100000 | 92347 |
| 4.30%, 08/25/45 *(a)* | 75000 | 64817 |
| 3.75%, 05/15/46 *(a)* | 100000 | 79677 |
| 4.00%, 05/30/47 *(a)* | 200000 | 163894 |
| 4.05%, 03/07/48 *(a)* | 100000 | 82012 |
| 4.10%, 03/04/49 *(a)* | 100000 | 82743 |
| 3.05%, 06/08/51 *(a)* | 200000 | 134564 |
| 5.45%, 05/25/53 *(a)* | 150000 | 148696 |
| 5.70%, 07/24/55 *(a)* | 130000 | 133696 |
| **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** |
| 3.38%, 04/15/27  | 150000 | 149316 |
| 4.60%, 04/15/27 *(a)* | 100000 | 100797 |
| 3.70%, 05/15/27 *(a)* | 100000 | 99890 |
| 2.95%, 10/15/27  | 150000 | 148283 |
| 5.25%, 02/15/28 *(a)* | 200000 | 205280 |
| 3.85%, 06/15/28  | 225000 | 225169 |
| 4.40%, 06/15/28 *(a)* | 90000 | 91090 |
| 3.88%, 12/15/28  | 150000 | 150148 |
| 4.25%, 01/15/29 *(a)* | 450000 | 454887 |
| 4.70%, 04/15/29 *(a)* | 100000 | 102327 |
| 4.00%, 05/15/29 *(a)* | 150000 | 150544 |
| 2.88%, 08/15/29  | 200000 | 193298 |
| 4.80%, 01/15/30 *(a)* | 250000 | 257272 |
| 5.30%, 02/15/30 *(a)* | 250000 | 261542 |
| 2.00%, 05/15/30  | 200000 | 184696 |
| 4.65%, 01/15/31 *(a)* | 140000 | 143037 |
| 4.90%, 04/15/31 *(a)* | 200000 | 206810 |
| 2.30%, 05/15/31 *(a)* | 300000 | 273834 |
| 4.95%, 01/15/32 *(a)* | 250000 | 258095 |
| 4.20%, 05/15/32 *(a)* | 250000 | 249090 |
| 5.35%, 02/15/33 *(a)* | 350000 | 367626 |
| 4.50%, 04/15/33 *(a)* | 250000 | 249822 |
| 5.00%, 04/15/34 *(a)* | 275000 | 282235 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.15%, 07/15/34 *(a)* | 375000 | 387675 |
| 5.30%, 06/15/35 *(a)* | 180000 | 187830 |
| 4.63%, 07/15/35  | 200000 | 198874 |
| 5.80%, 03/15/36  | 143000 | 153679 |
| 6.50%, 06/15/37  | 100000 | 112539 |
| 6.63%, 11/15/37  | 150000 | 170775 |
| 6.88%, 02/15/38  | 200000 | 232580 |
| 3.50%, 08/15/39 *(a)* | 250000 | 210075 |
| 2.75%, 05/15/40 *(a)* | 150000 | 113084 |
| 5.70%, 10/15/40 *(a)* | 75000 | 78610 |
| 5.95%, 02/15/41 *(a)* | 100000 | 106341 |
| 3.05%, 05/15/41 *(a)* | 300000 | 230604 |
| 4.63%, 11/15/41 *(a)* | 100000 | 92205 |
| 4.38%, 03/15/42 *(a)* | 100000 | 89438 |
| 3.95%, 10/15/42 *(a)* | 100000 | 83915 |
| 4.25%, 03/15/43 *(a)* | 150000 | 129875 |
| 5.50%, 07/15/44 *(a)* | 300000 | 299205 |
| 4.75%, 07/15/45  | 350000 | 317096 |
| 4.20%, 01/15/47 *(a)* | 150000 | 124520 |
| 4.25%, 04/15/47 *(a)* | 100000 | 83332 |
| 3.75%, 10/15/47 *(a)* | 200000 | 153966 |
| 4.25%, 06/15/48 *(a)* | 250000 | 206782 |
| 4.45%, 12/15/48 *(a)* | 175000 | 148474 |
| 3.70%, 08/15/49 *(a)* | 225000 | 169047 |
| 2.90%, 05/15/50 *(a)* | 250000 | 162082 |
| 3.25%, 05/15/51 *(a)* | 350000 | 239333 |
| 4.75%, 05/15/52 *(a)* | 375000 | 326775 |
| 5.88%, 02/15/53 *(a)* | 350000 | 356345 |
| 5.05%, 04/15/53 *(a)* | 375000 | 341557 |
| 5.38%, 04/15/54 *(a)* | 300000 | 285153 |
| 5.63%, 07/15/54 *(a)* | 500000 | 493010 |
| 5.95%, 06/15/55 *(a)* | 140000 | 145065 |
| 3.88%, 08/15/59 *(a)* | 225000 | 163507 |
| 3.13%, 05/15/60 *(a)* | 225000 | 138843 |
| 4.95%, 05/15/62 *(a)* | 175000 | 152920 |
| 6.05%, 02/15/63 *(a)* | 275000 | 283253 |
| 5.20%, 04/15/63 *(a)* | 325000 | 293878 |
| 5.50%, 04/15/64 *(a)* | 200000 | 189896 |
| 5.75%, 07/15/64 *(a)* | 400000 | 393944 |
| **Unum Group** | **Unum Group** | **Unum Group** |
| 4.00%, 06/15/29 *(a)* | 100000 | 99351 |
| 5.25%, 12/15/35 *(a)* | 50000 | 49667 |
| 5.75%, 08/15/42  | 100000 | 99471 |
| 4.50%, 12/15/49 *(a)* | 75000 | 59201 |
| 4.13%, 06/15/51 *(a)* | 100000 | 74828 |
| 6.00%, 06/15/54 *(a)* | 75000 | 73384 |
| **Voya Financial, Inc.** | **Voya Financial, Inc.** | **Voya Financial, Inc.** |
| 5.00%, 09/20/34 *(a)* | 75000 | 74453 |
| 5.70%, 07/15/43  | 50000 | 49175 |
| 4.80%, 06/15/46  | 50000 | 44626 |
| 4.70%, 01/23/48 *(a)(b)* | 100000 | 96333 |
| **W.R. Berkley Corp.** | **W.R. Berkley Corp.** | **W.R. Berkley Corp.** |
| 4.75%, 08/01/44  | 75000 | 68748 |
| 4.00%, 05/12/50 *(a)* | 50000 | 39750 |
| 3.55%, 03/30/52 *(a)* | 100000 | 72148 |
| 3.15%, 09/30/61 *(a)* | 100000 | 61606 |
| **Willis North America, Inc.** | **Willis North America, Inc.** | **Willis North America, Inc.** |
| 4.65%, 06/15/27 *(a)* | 150000 | 150978 |
| 4.50%, 09/15/28 *(a)* | 150000 | 151041 |
| 2.95%, 09/15/29 *(a)* | 100000 | 95704 |
| 4.55%, 03/15/31 *(a)* | 125000 | 125170 |
| 5.35%, 05/15/33 *(a)* | 150000 | 154584 |
| 5.15%, 03/15/36 *(a)* | 75000 | 75221 |
| 5.05%, 09/15/48 *(a)* | 75000 | 68005 |
| 3.88%, 09/15/49 *(a)* | 150000 | 112121 |
| 5.90%, 03/05/54 *(a)* | 100000 | 99220 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**23**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **XL Group Ltd.** | **XL Group Ltd.** | **XL Group Ltd.** |
| 5.25%, 12/15/43  | 55000 | 53037 |
|  |  | **66741884** |
| ***REITs 0.6%***  | ***REITs 0.6%***  | ***REITs 0.6%***  |
| **Agree LP** | **Agree LP** | **Agree LP** |
| 2.90%, 10/01/30 *(a)* | 100000 | 94619 |
| 4.80%, 10/01/32 *(a)* | 100000 | 101744 |
| 5.63%, 06/15/34 *(a)* | 100000 | 105682 |
| 5.60%, 06/15/35 *(a)* | 100000 | 105653 |
| **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** |
| 3.95%, 01/15/28 *(a)* | 100000 | 99809 |
| 4.50%, 07/30/29 *(a)* | 50000 | 50429 |
| 2.75%, 12/15/29 *(a)* | 100000 | 94959 |
| 4.70%, 07/01/30 *(a)* | 100000 | 101491 |
| 4.90%, 12/15/30 *(a)* | 150000 | 153199 |
| 3.38%, 08/15/31 *(a)* | 150000 | 141419 |
| 2.00%, 05/18/32 *(a)* | 175000 | 150374 |
| 1.88%, 02/01/33 *(a)* | 150000 | 124805 |
| 2.95%, 03/15/34 *(a)* | 150000 | 130643 |
| 4.75%, 04/15/35 *(a)* | 100000 | 97492 |
| 5.50%, 10/01/35 *(a)* | 100000 | 102875 |
| 5.25%, 03/15/36 *(a)* | 275000 | 275058 |
| 5.25%, 05/15/36 *(a)* | 75000 | 75420 |
| 4.85%, 04/15/49 *(a)* | 50000 | 43786 |
| 5.15%, 04/15/53 *(a)* | 100000 | 90759 |
| 5.63%, 05/15/54 *(a)* | 100000 | 96869 |
| **American Assets Trust LP** | **American Assets Trust LP** | **American Assets Trust LP** |
| 3.38%, 02/01/31 *(a)* | 75000 | 69055 |
| 6.15%, 10/01/34 *(a)* | 100000 | 102345 |
| **American Homes 4 Rent LP** | **American Homes 4 Rent LP** | **American Homes 4 Rent LP** |
| 4.25%, 02/15/28 *(a)* | 100000 | 100220 |
| 4.90%, 02/15/29 *(a)* | 100000 | 101861 |
| 4.95%, 06/15/30 *(a)* | 100000 | 101985 |
| 2.38%, 07/15/31 *(a)* | 100000 | 90082 |
| 3.63%, 04/15/32 *(a)* | 150000 | 142411 |
| 5.50%, 02/01/34 *(a)* | 100000 | 103191 |
| 5.50%, 07/15/34 *(a)* | 100000 | 102968 |
| 5.25%, 03/15/35 *(a)* | 75000 | 75714 |
| 3.38%, 07/15/51 *(a)* | 75000 | 50532 |
| 4.30%, 04/15/52 *(a)* | 50000 | 39472 |
| **Americold Realty Operating Partnership LP** | **Americold Realty Operating Partnership LP** | **Americold Realty Operating Partnership LP** |
| 5.60%, 05/15/32 *(a)* | 75000 | 76785 |
| 5.41%, 09/12/34 *(a)* | 100000 | 99193 |
| **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** |
| 3.20%, 01/15/28 *(a)* | 75000 | 74424 |
| 1.90%, 12/01/28 *(a)* | 50000 | 47563 |
| 3.30%, 06/01/29 *(a)* | 75000 | 73622 |
| 2.30%, 03/01/30 *(a)* | 100000 | 93715 |
| 4.35%, 12/01/30 *(a)* | 70000 | 70712 |
| 2.45%, 01/15/31 *(a)* | 150000 | 139043 |
| 2.05%, 01/15/32 *(a)* | 150000 | 133535 |
| 5.00%, 02/15/33 *(a)* | 100000 | 103574 |
| 5.30%, 12/07/33 *(a)* | 100000 | 105318 |
| 5.35%, 06/01/34 *(a)* | 100000 | 105137 |
| 5.00%, 08/01/35 *(a)* | 70000 | 71653 |
| 3.90%, 10/15/46 *(a)* | 100000 | 81675 |
| 4.35%, 04/15/48 *(a)* | 50000 | 43379 |
| **Boston Properties LP** | **Boston Properties LP** | **Boston Properties LP** |
| 6.75%, 12/01/27 *(a)* | 150000 | 156571 |
| 4.50%, 12/01/28 *(a)* | 150000 | 151312 |
| 3.40%, 06/21/29 *(a)* | 200000 | 194870 |
| 2.90%, 03/15/30 *(a)* | 100000 | 94411 |
| 3.25%, 01/30/31 *(a)* | 200000 | 188444 |
| 2.55%, 04/01/32 *(a)* | 150000 | 131933 |
| 2.45%, 10/01/33 *(a)* | 150000 | 124239 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.50%, 01/15/34 *(a)* | 150000 | 160795 |
| 5.75%, 01/15/35 *(a)* | 150000 | 152932 |
| **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** |
| 3.90%, 03/15/27 *(a)* | 100000 | 99897 |
| 4.13%, 05/15/29 *(a)* | 150000 | 150235 |
| 4.05%, 07/01/30 *(a)* | 150000 | 148740 |
| 2.50%, 08/16/31 *(a)* | 100000 | 90878 |
| 5.20%, 04/01/32 *(a)* | 75000 | 77509 |
| 4.85%, 02/15/33 *(a)* | 70000 | 70641 |
| 5.50%, 02/15/34 *(a)* | 100000 | 104160 |
| 5.75%, 02/15/35 *(a)* | 50000 | 53000 |
| **Broadstone Net Lease LLC** | **Broadstone Net Lease LLC** | **Broadstone Net Lease LLC** |
| 2.60%, 09/15/31 *(a)* | 75000 | 67300 |
| 5.00%, 11/01/32 *(a)* | 60000 | 60699 |
| **Camden Property Trust** | **Camden Property Trust** | **Camden Property Trust** |
| 4.10%, 10/15/28 *(a)* | 100000 | 100576 |
| 3.15%, 07/01/29 *(a)* | 100000 | 97344 |
| 2.80%, 05/15/30 *(a)* | 100000 | 95135 |
| 4.90%, 01/15/34 *(a)* | 100000 | 102267 |
| 4.90%, 02/28/36 *(a)* | 300000 | 300183 |
| 3.35%, 11/01/49 *(a)* | 50000 | 36002 |
| **COPT Defense Properties LP** | **COPT Defense Properties LP** | **COPT Defense Properties LP** |
| 2.00%, 01/15/29 *(a)* | 150000 | 141654 |
| 4.50%, 10/15/30 *(a)* | 70000 | 70340 |
| 2.75%, 04/15/31 *(a)* | 100000 | 92374 |
| 2.90%, 12/01/33 *(a)* | 75000 | 65160 |
| **Cousins Properties LP** | **Cousins Properties LP** | **Cousins Properties LP** |
| 5.25%, 07/15/30 *(a)* | 75000 | 77543 |
| 5.38%, 02/15/32 *(a)* | 75000 | 77473 |
| 4.88%, 03/01/33 *(a)* | 100000 | 99157 |
| 5.88%, 10/01/34 *(a)* | 100000 | 104799 |
| **CubeSmart LP** | **CubeSmart LP** | **CubeSmart LP** |
| 2.25%, 12/15/28 *(a)* | 75000 | 71514 |
| 4.38%, 02/15/29 *(a)* | 100000 | 100851 |
| 3.00%, 02/15/30 *(a)* | 75000 | 71879 |
| 2.00%, 02/15/31 *(a)* | 100000 | 89491 |
| 2.50%, 02/15/32 *(a)* | 75000 | 67360 |
| 5.13%, 11/01/35 *(a)* | 100000 | 101888 |
| **Digital Realty Trust LP** | **Digital Realty Trust LP** | **Digital Realty Trust LP** |
| 3.70%, 08/15/27 *(a)* | 150000 | 149463 |
| 5.55%, 01/15/28 *(a)* | 150000 | 154323 |
| 4.45%, 07/15/28 *(a)* | 150000 | 151521 |
| 3.60%, 07/01/29 *(a)* | 150000 | 148126 |
| **DOC Dr. LLC** | **DOC Dr. LLC** | **DOC Dr. LLC** |
| 4.30%, 03/15/27 *(a)* | 100000 | 100249 |
| 2.63%, 11/01/31 *(a)* | 100000 | 90900 |
| **EPR Properties** | **EPR Properties** | **EPR Properties** |
| 4.50%, 06/01/27 *(a)* | 150000 | 150243 |
| 3.75%, 08/15/29 *(a)* | 100000 | 97566 |
| 4.75%, 11/15/30 *(a)* | 100000 | 100257 |
| 3.60%, 11/15/31 *(a)* | 100000 | 93973 |
| **ERP Operating LP** | **ERP Operating LP** | **ERP Operating LP** |
| 3.25%, 08/01/27 *(a)* | 100000 | 99291 |
| 3.50%, 03/01/28 *(a)* | 100000 | 99351 |
| 4.15%, 12/01/28 *(a)* | 100000 | 100711 |
| 3.00%, 07/01/29 *(a)* | 100000 | 97211 |
| 2.50%, 02/15/30 *(a)* | 100000 | 94757 |
| 4.95%, 06/15/32 *(a)* | 100000 | 103275 |
| 4.65%, 09/15/34 *(a)* | 100000 | 100203 |
| 4.50%, 07/01/44 *(a)* | 150000 | 136805 |
| 4.50%, 06/01/45 *(a)* | 50000 | 44450 |
| 4.00%, 08/01/47 *(a)* | 100000 | 82319 |
| **Essential Properties LP** | **Essential Properties LP** | **Essential Properties LP** |
| 2.95%, 07/15/31 *(a)* | 100000 | 92268 |
| 5.40%, 12/01/35 *(a)* | 75000 | 76435 |

---

*See financial notes*

**24**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Essex Portfolio LP** | **Essex Portfolio LP** | **Essex Portfolio LP** |
| 1.70%, 03/01/28 *(a)* | 75000 | 71843 |
| 4.00%, 03/01/29 *(a)* | 150000 | 149742 |
| 3.00%, 01/15/30 *(a)* | 100000 | 95832 |
| 1.65%, 01/15/31 *(a)* | 150000 | 132447 |
| 2.65%, 03/15/32 *(a)* | 150000 | 135372 |
| 5.50%, 04/01/34 *(a)* | 100000 | 104183 |
| 5.38%, 04/01/35 *(a)* | 75000 | 77538 |
| 4.50%, 03/15/48 *(a)* | 50000 | 42955 |
| 2.65%, 09/01/50 *(a)* | 100000 | 60895 |
| **Extra Space Storage LP** | **Extra Space Storage LP** | **Extra Space Storage LP** |
| 5.70%, 04/01/28 *(a)* | 150000 | 154900 |
| 3.90%, 04/01/29 *(a)* | 75000 | 74615 |
| 4.00%, 06/15/29 *(a)* | 100000 | 99743 |
| 5.50%, 07/01/30 *(a)* | 75000 | 78482 |
| 2.20%, 10/15/30 *(a)* | 50000 | 45717 |
| 5.90%, 01/15/31 *(a)* | 100000 | 106500 |
| 2.55%, 06/01/31 *(a)* | 100000 | 91425 |
| 2.40%, 10/15/31 *(a)* | 150000 | 134513 |
| 2.35%, 03/15/32 *(a)* | 150000 | 132540 |
| 4.95%, 01/15/33 *(a)* | 150000 | 152373 |
| 5.40%, 02/01/34 *(a)* | 100000 | 103269 |
| 5.35%, 01/15/35 *(a)* | 75000 | 77327 |
| 5.40%, 06/15/35 *(a)* | 100000 | 103404 |
| **Federal Realty OP LP** | **Federal Realty OP LP** | **Federal Realty OP LP** |
| 3.25%, 07/15/27 *(a)* | 100000 | 99084 |
| 5.38%, 05/01/28 *(a)* | 75000 | 77081 |
| 3.20%, 06/15/29 *(a)* | 75000 | 73014 |
| 3.50%, 06/01/30 *(a)* | 50000 | 48612 |
| 4.50%, 12/01/44 *(a)* | 100000 | 88821 |
| **First Industrial LP** | **First Industrial LP** | **First Industrial LP** |
| 5.25%, 01/15/31 *(a)* | 100000 | 102892 |
| **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** |
| 3.75%, 07/01/27 *(a)* | 75000 | 74751 |
| 3.10%, 02/15/30 *(a)* | 150000 | 143652 |
| 2.00%, 03/15/31 *(a)* | 100000 | 88705 |
| **Healthpeak OP LLC** | **Healthpeak OP LLC** | **Healthpeak OP LLC** |
| 2.13%, 12/01/28 *(a)* | 75000 | 71339 |
| 3.50%, 07/15/29 *(a)* | 150000 | 147097 |
| 3.00%, 01/15/30 *(a)* | 200000 | 191418 |
| 2.88%, 01/15/31 *(a)* | 150000 | 140552 |
| 5.25%, 12/15/32 *(a)* | 150000 | 155103 |
| 4.75%, 01/15/33 *(a)* | 150000 | 150844 |
| 5.38%, 02/15/35 *(a)* | 95000 | 97981 |
| **Highwoods Realty LP** | **Highwoods Realty LP** | **Highwoods Realty LP** |
| 4.20%, 04/15/29 *(a)* | 100000 | 99023 |
| 3.05%, 02/15/30 *(a)* | 100000 | 94223 |
| 2.60%, 02/01/31 *(a)* | 100000 | 89989 |
| 5.35%, 01/15/33 *(a)* | 60000 | 60263 |
| 7.65%, 02/01/34 *(a)* | 75000 | 85506 |
| **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** |
| 4.25%, 12/15/28 *(a)* | 70000 | 70328 |
| 3.38%, 12/15/29 *(a)* | 150000 | 145353 |
| 3.50%, 09/15/30 *(a)* | 150000 | 143890 |
| 2.90%, 12/15/31 *(a)* | 75000 | 68563 |
| 5.70%, 06/15/32 *(a)* | 100000 | 105370 |
| 5.70%, 07/01/34 *(a)* | 100000 | 104241 |
| 5.50%, 04/15/35 *(a)* | 100000 | 102149 |
| **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** |
| 2.30%, 11/15/28 *(a)* | 200000 | 190350 |
| 5.45%, 08/15/30 *(a)* | 100000 | 104254 |
| 2.00%, 08/15/31 *(a)* | 100000 | 88167 |
| 4.15%, 04/15/32 *(a)* | 100000 | 97410 |
| 4.95%, 01/15/33 *(a)* | 100000 | 100787 |
| 5.50%, 08/15/33 *(a)* | 100000 | 103382 |
| 4.88%, 02/01/35 *(a)* | 100000 | 99208 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kilroy Realty LP** | **Kilroy Realty LP** | **Kilroy Realty LP** |
| 4.25%, 08/15/29 *(a)* | 120000 | 117920 |
| 3.05%, 02/15/30 *(a)* | 75000 | 69730 |
| 2.50%, 11/15/32 *(a)* | 75000 | 62992 |
| 2.65%, 11/15/33 *(a)* | 75000 | 61369 |
| 5.88%, 10/15/35 *(a)* | 120000 | 118332 |
| 6.25%, 01/15/36 *(a)* | 75000 | 76542 |
| **Kimco Realty OP LLC** | **Kimco Realty OP LLC** | **Kimco Realty OP LLC** |
| 1.90%, 03/01/28 *(a)* | 100000 | 96391 |
| 2.70%, 10/01/30 *(a)* | 100000 | 94863 |
| 2.25%, 12/01/31 *(a)* | 100000 | 90113 |
| 3.20%, 04/01/32 *(a)* | 100000 | 94030 |
| 4.60%, 02/01/33 *(a)* | 100000 | 101034 |
| 6.40%, 03/01/34 *(a)* | 100000 | 111447 |
| 4.85%, 03/01/35 *(a)* | 75000 | 75857 |
| 5.30%, 02/01/36 *(a)* | 90000 | 93581 |
| 4.25%, 04/01/45 *(a)* | 75000 | 64678 |
| 4.13%, 12/01/46 *(a)* | 100000 | 84888 |
| 4.45%, 09/01/47 *(a)* | 100000 | 87314 |
| 3.70%, 10/01/49 *(a)* | 75000 | 57528 |
| **Kite Realty Group LP** | **Kite Realty Group LP** | **Kite Realty Group LP** |
| 5.20%, 08/15/32 *(a)* | 50000 | 51510 |
| 5.50%, 03/01/34 *(a)* | 75000 | 78227 |
| **Kite Realty Group Trust** | **Kite Realty Group Trust** | **Kite Realty Group Trust** |
| 4.75%, 09/15/30 *(a)* | 100000 | 102172 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** |
| 5.50%, 08/01/30 *(a)* | 100000 | 102758 |
| **Lineage OP LP** | **Lineage OP LP** | **Lineage OP LP** |
| 5.25%, 07/15/30 *(a)* | 90000 | 91811 |
| **LXP Industrial Trust** | **LXP Industrial Trust** | **LXP Industrial Trust** |
| 2.70%, 09/15/30 *(a)* | 75000 | 69578 |
| 2.38%, 10/01/31 *(a)* | 75000 | 66565 |
| **Mid-America Apartments LP** | **Mid-America Apartments LP** | **Mid-America Apartments LP** |
| 3.60%, 06/01/27 *(a)* | 150000 | 149599 |
| 4.20%, 06/15/28 *(a)* | 100000 | 100708 |
| 3.95%, 03/15/29 *(a)* | 50000 | 50027 |
| 2.75%, 03/15/30 *(a)* | 100000 | 95485 |
| 1.70%, 02/15/31 *(a)* | 100000 | 88887 |
| 5.30%, 02/15/32 *(a)* | 75000 | 78874 |
| 4.65%, 01/15/33 *(a)* | 70000 | 70451 |
| 5.00%, 03/15/34 *(a)* | 75000 | 76406 |
| 4.95%, 03/01/35 *(a)* | 100000 | 101554 |
| 2.88%, 09/15/51 *(a)* | 50000 | 32319 |
| **National Health Investors, Inc.** | **National Health Investors, Inc.** | **National Health Investors, Inc.** |
| 3.00%, 02/01/31 *(a)* | 100000 | 91771 |
| 5.35%, 02/01/33 *(a)* | 60000 | 60780 |
| **NNN REIT, Inc.** | **NNN REIT, Inc.** | **NNN REIT, Inc.** |
| 3.50%, 10/15/27 *(a)* | 100000 | 99447 |
| 4.30%, 10/15/28 *(a)* | 100000 | 100707 |
| 2.50%, 04/15/30 *(a)* | 100000 | 93757 |
| 5.60%, 10/15/33 *(a)* | 75000 | 79187 |
| 5.50%, 06/15/34 *(a)* | 100000 | 104737 |
| 4.80%, 10/15/48 *(a)* | 50000 | 45131 |
| 3.10%, 04/15/50 *(a)* | 100000 | 66745 |
| 3.50%, 04/15/51 *(a)* | 75000 | 54266 |
| 3.00%, 04/15/52 *(a)* | 100000 | 64328 |
| **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** |
| 4.50%, 04/01/27 *(a)* | 150000 | 150288 |
| 4.75%, 01/15/28 *(a)* | 100000 | 100994 |
| 3.63%, 10/01/29 *(a)* | 75000 | 73090 |
| 5.20%, 07/01/30 *(a)* | 110000 | 112782 |
| 3.38%, 02/01/31 *(a)* | 150000 | 141542 |
| 3.25%, 04/15/33 *(a)* | 100000 | 90300 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**25**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Phillips Edison Grocery Center Operating Partnership I LP** | **Phillips Edison Grocery Center Operating Partnership I LP** | **Phillips Edison Grocery Center Operating Partnership I LP** |
| 2.63%, 11/15/31 *(a)* | 100000 | 90849 |
| 5.25%, 08/15/32 *(a)* | 60000 | 62035 |
| 4.75%, 03/15/33 *(a)* | 300000 | 300441 |
| 5.75%, 07/15/34 *(a)* | 50000 | 53009 |
| 4.95%, 01/15/35 *(a)* | 50000 | 50062 |
| **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** |
| 6.88%, 07/15/29 *(a)* | 75000 | 79724 |
| 3.15%, 08/15/30 *(a)* | 150000 | 139395 |
| 5.63%, 01/15/33 *(a)* | 70000 | 70358 |
| **Prologis LP** | **Prologis LP** | **Prologis LP** |
| 2.13%, 04/15/27 *(a)* | 150000 | 147366 |
| 3.38%, 12/15/27 *(a)* | 75000 | 74534 |
| 4.88%, 06/15/28 *(a)* | 150000 | 153504 |
| 3.88%, 09/15/28 *(a)* | 150000 | 150135 |
| 4.00%, 09/15/28 *(a)* | 75000 | 75269 |
| 4.38%, 02/01/29 *(a)* | 50000 | 50673 |
| 2.88%, 11/15/29 *(a)* | 50000 | 48204 |
| 2.25%, 04/15/30 *(a)* | 200000 | 187412 |
| 1.75%, 07/01/30 *(a)* | 75000 | 68222 |
| 1.25%, 10/15/30 *(a)* | 100000 | 88477 |
| 4.75%, 01/15/31 *(a)* | 100000 | 103106 |
| 1.75%, 02/01/31 *(a)* | 100000 | 89506 |
| 1.63%, 03/15/31 *(a)* | 100000 | 89017 |
| 2.25%, 01/15/32 *(a)* | 100000 | 90070 |
| 4.63%, 01/15/33 *(a)* | 150000 | 152250 |
| 4.75%, 06/15/33 *(a)* | 150000 | 152908 |
| 5.13%, 01/15/34 *(a)* | 150000 | 155551 |
| 5.00%, 03/15/34 *(a)* | 100000 | 102767 |
| 5.00%, 01/31/35 *(a)* | 100000 | 102328 |
| 5.25%, 05/15/35 *(a)* | 100000 | 104182 |
| 4.38%, 09/15/48 *(a)* | 75000 | 64253 |
| 3.05%, 03/01/50 *(a)* | 50000 | 33900 |
| 3.00%, 04/15/50 *(a)* | 150000 | 100710 |
| 2.13%, 10/15/50 *(a)* | 150000 | 82664 |
| 5.25%, 06/15/53 *(a)* | 150000 | 145276 |
| 5.25%, 03/15/54 *(a)* | 150000 | 144679 |
| **Public Storage Operating Co.** | **Public Storage Operating Co.** | **Public Storage Operating Co.** |
| 3.09%, 09/15/27 *(a)* | 50000 | 49636 |
| 1.85%, 05/01/28 *(a)* | 150000 | 143968 |
| 1.95%, 11/09/28 *(a)* | 100000 | 95317 |
| 5.13%, 01/15/29 *(a)* | 100000 | 103643 |
| 3.39%, 05/01/29 *(a)* | 150000 | 148098 |
| 4.38%, 07/01/30 *(a)* | 100000 | 101631 |
| 2.30%, 05/01/31 *(a)* | 100000 | 91713 |
| 2.25%, 11/09/31 *(a)* | 100000 | 90572 |
| 5.10%, 08/01/33 *(a)* | 100000 | 104338 |
| 5.00%, 07/01/35 *(a)* | 75000 | 77146 |
| 5.35%, 08/01/53 *(a)* | 175000 | 171783 |
| **Realty Income Corp.** | **Realty Income Corp.** | **Realty Income Corp.** |
| 3.95%, 08/15/27 *(a)* | 150000 | 150250 |
| 3.40%, 01/15/28 *(a)* | 100000 | 99178 |
| 2.10%, 03/15/28 *(a)* | 100000 | 96513 |
| 2.20%, 06/15/28 *(a)* | 100000 | 96393 |
| 4.70%, 12/15/28 *(a)* | 150000 | 153042 |
| 3.95%, 02/01/29 *(a)* | 70000 | 70154 |
| 4.75%, 02/15/29 *(a)* | 100000 | 102292 |
| 3.25%, 06/15/29 *(a)* | 75000 | 73484 |
| 4.00%, 07/15/29 *(a)* | 100000 | 100143 |
| 3.10%, 12/15/29 *(a)* | 100000 | 97025 |
| 3.40%, 01/15/30 *(a)* | 50000 | 48875 |
| 4.85%, 03/15/30 *(a)* | 100000 | 103122 |
| 3.25%, 01/15/31 *(a)* | 200000 | 191946 |
| 3.20%, 02/15/31 *(a)* | 150000 | 143494 |
| 2.70%, 02/15/32 *(a)* | 75000 | 68694 |
| 5.63%, 10/13/32 *(a)* | 150000 | 160443 |
| 2.85%, 12/15/32 *(a)* | 75000 | 68312 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.50%, 02/01/33 *(a)* | 70000 | 70174 |
| 1.80%, 03/15/33 *(a)* | 100000 | 84373 |
| 4.90%, 07/15/33 *(a)* | 100000 | 102432 |
| 5.13%, 02/15/34 *(a)* | 150000 | 155344 |
| 5.13%, 04/15/35 *(a)* | 100000 | 102867 |
| 4.65%, 03/15/47 *(a)* | 100000 | 90123 |
| 5.38%, 09/01/54 *(a)* | 100000 | 98187 |
| **Regency Centers LP** | **Regency Centers LP** | **Regency Centers LP** |
| 4.13%, 03/15/28 *(a)* | 150000 | 150816 |
| 3.70%, 06/15/30 *(a)* | 100000 | 98749 |
| 5.00%, 07/15/32 *(a)* | 100000 | 103089 |
| 4.50%, 03/15/33 *(a)* | 75000 | 75008 |
| 5.25%, 01/15/34 *(a)* | 75000 | 77835 |
| 4.40%, 02/01/47 *(a)* | 100000 | 87336 |
| 4.65%, 03/15/49 *(a)* | 75000 | 66714 |
| **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** |
| 5.00%, 06/15/28 *(a)* | 75000 | 76313 |
| 2.15%, 09/01/31 *(a)* | 150000 | 133205 |
| **Sabra Health Care LP** | **Sabra Health Care LP** | **Sabra Health Care LP** |
| 3.90%, 10/15/29 *(a)* | 100000 | 98593 |
| 3.20%, 12/01/31 *(a)* | 150000 | 138842 |
| **Safehold GL Holdings LLC** | **Safehold GL Holdings LLC** | **Safehold GL Holdings LLC** |
| 2.85%, 01/15/32 *(a)* | 100000 | 91495 |
| 6.10%, 04/01/34 *(a)* | 75000 | 80951 |
| 5.65%, 01/15/35 *(a)* | 100000 | 104404 |
| **Simon Property Group LP** | **Simon Property Group LP** | **Simon Property Group LP** |
| 3.38%, 06/15/27 *(a)* | 100000 | 99539 |
| 3.38%, 12/01/27 *(a)* | 150000 | 149047 |
| 1.75%, 02/01/28 *(a)* | 175000 | 168553 |
| 2.45%, 09/13/29 *(a)* | 250000 | 237692 |
| 2.65%, 07/15/30 *(a)* | 150000 | 141786 |
| 4.38%, 10/01/30 *(a)* | 150000 | 151882 |
| 4.30%, 01/15/31 *(a)* | 150000 | 150910 |
| 2.20%, 02/01/31 *(a)* | 150000 | 136937 |
| 2.25%, 01/15/32 *(a)* | 100000 | 89503 |
| 2.65%, 02/01/32 *(a)* | 100000 | 91243 |
| 5.50%, 03/08/33 *(a)* | 150000 | 159259 |
| 6.25%, 01/15/34 *(a)* | 100000 | 110640 |
| 4.75%, 09/26/34 *(a)* | 150000 | 150957 |
| 5.13%, 10/01/35 *(a)* | 150000 | 153676 |
| 6.75%, 02/01/40 *(a)* | 100000 | 116075 |
| 4.75%, 03/15/42 *(a)* | 100000 | 94187 |
| 4.25%, 10/01/44 *(a)* | 75000 | 64538 |
| 4.25%, 11/30/46 *(a)* | 100000 | 85169 |
| 3.25%, 09/13/49 *(a)* | 250000 | 176035 |
| 3.80%, 07/15/50 *(a)* | 175000 | 134815 |
| 5.85%, 03/08/53 *(a)* | 125000 | 129746 |
| 6.65%, 01/15/54 *(a)* | 75000 | 85194 |
| **Store Capital LLC** | **Store Capital LLC** | **Store Capital LLC** |
| 4.50%, 03/15/28 *(a)* | 100000 | 100448 |
| 4.63%, 03/15/29 *(a)* | 100000 | 100468 |
| 5.40%, 04/30/30 *(a)* | 75000 | 77085 |
| 4.95%, 02/11/31 *(a)(e)* | 100000 | 100943 |
| 2.70%, 12/01/31 *(a)* | 75000 | 67198 |
| **Sun Communities Operating LP** | **Sun Communities Operating LP** | **Sun Communities Operating LP** |
| 2.30%, 11/01/28 *(a)* | 100000 | 95558 |
| 2.70%, 07/15/31 *(a)* | 100000 | 91825 |
| 4.20%, 04/15/32 *(a)* | 100000 | 98155 |
| **Tanger Properties LP** | **Tanger Properties LP** | **Tanger Properties LP** |
| 3.88%, 07/15/27 *(a)* | 100000 | 99788 |
| 2.75%, 09/01/31 *(a)* | 100000 | 91533 |
| **UDR, Inc.** | **UDR, Inc.** | **UDR, Inc.** |
| 3.50%, 01/15/28 *(a)* | 100000 | 99250 |
| 3.20%, 01/15/30 *(a)* | 150000 | 145531 |
| 3.00%, 08/15/31 *(a)* | 100000 | 93691 |
| 2.10%, 08/01/32 *(a)* | 150000 | 130716 |

---

*See financial notes*

**26**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.90%, 03/15/33 *(a)* | 75000 | 62894 |
| 2.10%, 06/15/33 *(a)* | 100000 | 84409 |
| 5.13%, 09/01/34 *(a)* | 75000 | 76691 |
| **Ventas Realty LP** | **Ventas Realty LP** | **Ventas Realty LP** |
| 3.85%, 04/01/27 *(a)* | 150000 | 149791 |
| 4.00%, 03/01/28 *(a)* | 100000 | 100008 |
| 4.40%, 01/15/29 *(a)* | 150000 | 151465 |
| 3.00%, 01/15/30 *(a)* | 100000 | 95843 |
| 4.75%, 11/15/30 *(a)* | 100000 | 102099 |
| 5.63%, 07/01/34 *(a)* | 100000 | 105388 |
| 5.00%, 01/15/35 *(a)* | 125000 | 126268 |
| 5.00%, 02/15/36 *(a)* | 75000 | 74960 |
| 5.70%, 09/30/43 *(a)* | 100000 | 102539 |
| 4.38%, 02/01/45 *(a)* | 100000 | 86396 |
| 4.88%, 04/15/49 *(a)* | 50000 | 44825 |
| **Welltower OP LLC** | **Welltower OP LLC** | **Welltower OP LLC** |
| 4.25%, 04/15/28 *(a)* | 100000 | 100803 |
| 2.05%, 01/15/29 *(a)* | 100000 | 95092 |
| 4.13%, 03/15/29 *(a)* | 150000 | 150873 |
| 3.10%, 01/15/30 *(a)* | 100000 | 96707 |
| 4.50%, 07/01/30 *(a)* | 100000 | 101795 |
| 2.75%, 01/15/31 *(a)* | 150000 | 141077 |
| 2.80%, 06/01/31 *(a)* | 125000 | 116970 |
| 2.75%, 01/15/32 *(a)* | 100000 | 92283 |
| 3.85%, 06/15/32 *(a)* | 150000 | 146668 |
| 5.13%, 07/01/35 *(a)* | 200000 | 206102 |
| 6.50%, 03/15/41 *(a)* | 50000 | 56788 |
| 4.95%, 09/01/48 *(a)* | 100000 | 94665 |
| **WP Carey, Inc.** | **WP Carey, Inc.** | **WP Carey, Inc.** |
| 3.85%, 07/15/29 *(a)* | 75000 | 74452 |
| 4.65%, 07/15/30 *(a)* | 70000 | 71008 |
| 2.40%, 02/01/31 *(a)* | 100000 | 91250 |
| 2.45%, 02/01/32 *(a)* | 75000 | 67185 |
| 2.25%, 04/01/33 *(a)* | 100000 | 85376 |
| 5.38%, 06/30/34 *(a)* | 75000 | 78027 |
|  |  | **37857071** |
|  |  | **460547550** |
| **Industrial 13.6%** | **Industrial 13.6%** | **Industrial 13.6%** |
| ***Basic Industry 0.6%***  | ***Basic Industry 0.6%***  | ***Basic Industry 0.6%***  |
| **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** |
| 1.85%, 05/15/27 *(a)* | 100000 | 97948 |
| 4.30%, 06/11/28 *(a)* | 110000 | 111378 |
| 4.60%, 02/08/29 *(a)* | 225000 | 230240 |
| 2.05%, 05/15/30 *(a)* | 150000 | 139095 |
| 4.75%, 02/08/31 *(a)* | 100000 | 103305 |
| 4.90%, 10/11/32 *(a)* | 90000 | 93290 |
| 4.80%, 03/03/33 *(a)* | 100000 | 103083 |
| 4.85%, 02/08/34 *(a)* | 200000 | 205282 |
| 2.70%, 05/15/40 *(a)* | 150000 | 115007 |
| 2.80%, 05/15/50 *(a)* | 270000 | 176599 |
| **Albemarle Corp.** | **Albemarle Corp.** | **Albemarle Corp.** |
| 4.65%, 06/01/27 *(a)* | 100000 | 100758 |
| 5.05%, 06/01/32 *(a)* | 100000 | 101988 |
| 5.45%, 12/01/44 *(a)* | 50000 | 47114 |
| 5.65%, 06/01/52 *(a)* | 100000 | 91778 |
| **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** |
| 3.38%, 11/01/28 *(a)* | 200000 | 194830 |
| 3.75%, 10/01/30 *(a)* | 200000 | 193394 |
| **ArcelorMittal SA** | **ArcelorMittal SA** | **ArcelorMittal SA** |
| 6.55%, 11/29/27 *(a)* | 200000 | 207890 |
| 4.25%, 07/16/29  | 100000 | 100589 |
| 6.80%, 11/29/32 *(a)* | 150000 | 170275 |
| 6.00%, 06/17/34 *(a)* | 100000 | 108449 |
| 7.00%, 10/15/39  | 100000 | 115703 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.75%, 03/01/41 *(g)* | 100000 | 111639 |
| 6.35%, 06/17/54 *(a)* | 75000 | 80500 |
| **Barrick Mining Corp.** | **Barrick Mining Corp.** | **Barrick Mining Corp.** |
| 6.45%, 10/15/35  | 150000 | 167911 |
| 5.25%, 04/01/42  | 75000 | 75665 |
| **Barrick North America Finance LLC** | **Barrick North America Finance LLC** | **Barrick North America Finance LLC** |
| 5.70%, 05/30/41  | 100000 | 104003 |
| 5.75%, 05/01/43  | 150000 | 155980 |
| **Barrick PD Australia Finance Pty. Ltd.** | **Barrick PD Australia Finance Pty. Ltd.** | **Barrick PD Australia Finance Pty. Ltd.** |
| 5.95%, 10/15/39  | 150000 | 160974 |
| **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** |
| 4.75%, 02/28/28 *(a)* | 200000 | 203742 |
| 5.10%, 09/08/28 *(a)* | 150000 | 154588 |
| 5.00%, 02/21/30 *(a)* | 200000 | 207424 |
| 5.25%, 09/08/30 *(a)* | 150000 | 157458 |
| 5.13%, 02/21/32 *(a)* | 150000 | 157036 |
| 4.90%, 02/28/33 *(a)* | 150000 | 154545 |
| 5.25%, 09/08/33 *(a)* | 250000 | 262345 |
| 5.30%, 02/21/35 *(a)* | 225000 | 236032 |
| 5.00%, 02/15/36 *(a)* | 100000 | 102868 |
| 4.13%, 02/24/42  | 170000 | 149952 |
| 5.00%, 09/30/43  | 450000 | 436738 |
| 5.50%, 09/08/53 *(a)* | 150000 | 151561 |
| 5.75%, 09/05/55 *(a)* | 225000 | 234936 |
| **Cabot Corp.** | **Cabot Corp.** | **Cabot Corp.** |
| 4.00%, 07/01/29 *(a)* | 150000 | 150010 |
| **Celulosa Arauco y Constitucion SA** | **Celulosa Arauco y Constitucion SA** | **Celulosa Arauco y Constitucion SA** |
| 5.50%, 11/02/47 *(a)* | 200000 | 180550 |
| **CF Industries, Inc.** | **CF Industries, Inc.** | **CF Industries, Inc.** |
| 5.15%, 03/15/34  | 100000 | 101886 |
| 5.30%, 11/26/35 *(a)* | 180000 | 183215 |
| 4.95%, 06/01/43  | 125000 | 114869 |
| 5.38%, 03/15/44  | 150000 | 143736 |
| **Dow Chemical Co.** | **Dow Chemical Co.** | **Dow Chemical Co.** |
| 4.80%, 11/30/28 *(a)* | 100000 | 101655 |
| 7.38%, 11/01/29  | 75000 | 82510 |
| 2.10%, 11/15/30 *(a)* | 150000 | 133783 |
| 4.80%, 01/15/31 *(a)* | 125000 | 124763 |
| 6.30%, 03/15/33 *(a)* | 100000 | 106372 |
| 5.15%, 02/15/34 *(a)* | 150000 | 149406 |
| 4.25%, 10/01/34 *(a)* | 50000 | 46235 |
| 5.35%, 03/15/35 *(a)* | 75000 | 74584 |
| 5.65%, 03/15/36 *(a)* | 100000 | 100195 |
| 9.40%, 05/15/39  | 100000 | 128534 |
| 5.25%, 11/15/41 *(a)* | 175000 | 157202 |
| 4.38%, 11/15/42 *(a)* | 250000 | 197830 |
| 4.63%, 10/01/44 *(a)* | 100000 | 80862 |
| 5.55%, 11/30/48 *(a)* | 150000 | 131407 |
| 4.80%, 05/15/49 *(a)* | 150000 | 117179 |
| 3.60%, 11/15/50 *(a)* | 225000 | 147445 |
| 6.90%, 05/15/53 *(a)* | 200000 | 205470 |
| 5.60%, 02/15/54 *(a)* | 100000 | 86570 |
| 5.95%, 03/15/55 *(a)* | 100000 | 90583 |
| **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** |
| 4.73%, 11/15/28 *(a)* | 200000 | 203230 |
| 4.73%, 11/15/28 *(a)(e)* | 86000 | 87233 |
| 5.32%, 11/15/38 *(a)* | 150000 | 152239 |
| 5.42%, 11/15/48 *(a)* | 185000 | 176999 |
| **Eastman Chemical Co.** | **Eastman Chemical Co.** | **Eastman Chemical Co.** |
| 4.50%, 12/01/28 *(a)* | 150000 | 151773 |
| 5.00%, 08/01/29 *(a)* | 100000 | 102671 |
| 4.50%, 02/20/31 *(a)* | 150000 | 150151 |
| 5.75%, 03/08/33 *(a)* | 100000 | 106361 |
| 5.63%, 02/20/34 *(a)* | 100000 | 104430 |
| 4.80%, 09/01/42 *(a)* | 100000 | 91030 |
| 4.65%, 10/15/44 *(a)* | 150000 | 130233 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**27**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ecolab, Inc.** | **Ecolab, Inc.** | **Ecolab, Inc.** |
| 3.25%, 12/01/27 *(a)* | 150000 | 149167 |
| 5.25%, 01/15/28 *(a)* | 100000 | 102772 |
| 4.30%, 06/15/28 *(a)* | 100000 | 101208 |
| 4.80%, 03/24/30 *(a)* | 100000 | 103075 |
| 1.30%, 01/30/31 *(a)* | 100000 | 88103 |
| 2.13%, 02/01/32 *(a)* | 150000 | 134613 |
| 5.00%, 09/01/35 *(a)* | 100000 | 103304 |
| 5.50%, 12/08/41  | 75000 | 79549 |
| 3.95%, 12/01/47 *(a)* | 75000 | 62548 |
| 2.13%, 08/15/50 *(a)* | 100000 | 56513 |
| 2.70%, 12/15/51 *(a)* | 150000 | 94316 |
| 2.75%, 08/18/55 *(a)* | 150000 | 92405 |
| **EIDP, Inc.** | **EIDP, Inc.** | **EIDP, Inc.** |
| 2.30%, 07/15/30 *(a)* | 267000 | 249947 |
| 5.13%, 05/15/32 *(a)* | 100000 | 103878 |
| 4.80%, 05/15/33 *(a)* | 150000 | 151915 |
| **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** |
| 5.00%, 09/01/27 *(a)* | 150000 | 150183 |
| 4.13%, 03/01/28 *(a)* | 100000 | 99971 |
| 5.25%, 09/01/29 *(a)* | 100000 | 101536 |
| 4.25%, 03/01/30 *(a)* | 75000 | 75173 |
| 4.63%, 08/01/30 *(a)* | 200000 | 202346 |
| 5.40%, 11/14/34 *(a)* | 100000 | 104616 |
| 5.45%, 03/15/43 *(a)* | 300000 | 296844 |
| **Georgia-Pacific LLC** | **Georgia-Pacific LLC** | **Georgia-Pacific LLC** |
| 7.75%, 11/15/29  | 75000 | 84833 |
| 8.88%, 05/15/31  | 100000 | 121882 |
| **Gerdau Trade, Inc.** | **Gerdau Trade, Inc.** | **Gerdau Trade, Inc.** |
| 5.75%, 06/09/35 *(a)* | 120000 | 125010 |
| **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** |
| 4.45%, 09/26/28 *(a)* | 100000 | 100780 |
| 4.38%, 06/01/47 *(a)* | 75000 | 62397 |
| 5.00%, 09/26/48 *(a)* | 150000 | 135678 |
| **International Paper Co.** | **International Paper Co.** | **International Paper Co.** |
| 5.00%, 09/15/35 *(a)* | 75000 | 75815 |
| 7.30%, 11/15/39  | 100000 | 117802 |
| 6.00%, 11/15/41 *(a)* | 100000 | 104099 |
| 4.80%, 06/15/44 *(a)* | 100000 | 89132 |
| 5.15%, 05/15/46 *(a)* | 100000 | 92755 |
| 4.40%, 08/15/47 *(a)* | 100000 | 83284 |
| 4.35%, 08/15/48 *(a)* | 150000 | 123137 |
| **Kinross Gold Corp.** | **Kinross Gold Corp.** | **Kinross Gold Corp.** |
| 6.25%, 07/15/33 *(a)* | 100000 | 110079 |
| **Linde, Inc.** | **Linde, Inc.** | **Linde, Inc.** |
| 1.10%, 08/10/30 *(a)* | 100000 | 88856 |
| 3.55%, 11/07/42 *(a)* | 100000 | 82234 |
| 2.00%, 08/10/50 *(a)* | 100000 | 54486 |
| **Lubrizol Corp.** | **Lubrizol Corp.** | **Lubrizol Corp.** |
| 6.50%, 10/01/34  | 75000 | 85988 |
| **LYB International Finance BV** | **LYB International Finance BV** | **LYB International Finance BV** |
| 5.25%, 07/15/43  | 150000 | 131641 |
| 4.88%, 03/15/44 *(a)* | 150000 | 125822 |
| **LYB International Finance II BV** | **LYB International Finance II BV** | **LYB International Finance II BV** |
| 3.50%, 03/02/27 *(a)* | 150000 | 149145 |
| **LYB International Finance III LLC** | **LYB International Finance III LLC** | **LYB International Finance III LLC** |
| 2.25%, 10/01/30 *(a)* | 100000 | 90469 |
| 5.13%, 01/15/31 *(a)* | 90000 | 91536 |
| 5.63%, 05/15/33 *(a)* | 75000 | 76616 |
| 5.50%, 03/01/34 *(a)* | 150000 | 151179 |
| 6.15%, 05/15/35 *(a)* | 100000 | 103938 |
| 5.88%, 01/15/36 *(a)* | 180000 | 181949 |
| 3.38%, 10/01/40 *(a)* | 150000 | 111123 |
| 4.20%, 10/15/49 *(a)* | 200000 | 145294 |
| 4.20%, 05/01/50 *(a)* | 175000 | 126353 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.63%, 04/01/51 *(a)* | 175000 | 114482 |
| 3.80%, 10/01/60 *(a)* | 100000 | 63544 |
| **LyondellBasell Industries NV** | **LyondellBasell Industries NV** | **LyondellBasell Industries NV** |
| 4.63%, 02/26/55 *(a)* | 175000 | 135161 |
| **Mosaic Co.** | **Mosaic Co.** | **Mosaic Co.** |
| 4.05%, 11/15/27 *(a)* | 100000 | 100124 |
| 5.38%, 11/15/28 *(a)* | 75000 | 77460 |
| 4.35%, 01/15/29 *(a)* | 90000 | 90751 |
| 4.60%, 11/15/30 *(a)* | 70000 | 70885 |
| 5.45%, 11/15/33 *(a)* | 75000 | 77935 |
| 4.88%, 11/15/41 *(a)* | 100000 | 92114 |
| 5.63%, 11/15/43 *(a)* | 100000 | 98006 |
| **NewMarket Corp.** | **NewMarket Corp.** | **NewMarket Corp.** |
| 2.70%, 03/18/31 *(a)* | 100000 | 92269 |
| **Newmont Corp.** | **Newmont Corp.** | **Newmont Corp.** |
| 2.60%, 07/15/32 *(a)* | 140000 | 128692 |
| 5.88%, 04/01/35  | 100000 | 108804 |
| 4.88%, 03/15/42 *(a)* | 80000 | 77847 |
| 5.45%, 06/09/44 *(a)* | 100000 | 101608 |
| **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** |
| 3.25%, 05/13/30 *(a)* | 79000 | 76943 |
| 5.35%, 03/15/34 *(a)* | 200000 | 211494 |
| 4.20%, 05/13/50 *(a)* | 75000 | 62626 |
| **Nucor Corp.** | **Nucor Corp.** | **Nucor Corp.** |
| 3.95%, 05/01/28 *(a)* | 150000 | 150453 |
| 2.70%, 06/01/30 *(a)* | 150000 | 142329 |
| 4.65%, 06/01/30 *(a)* | 100000 | 102397 |
| 3.13%, 04/01/32 *(a)* | 100000 | 94058 |
| 5.10%, 06/01/35 *(a)* | 100000 | 103457 |
| 6.40%, 12/01/37  | 50000 | 56587 |
| 5.20%, 08/01/43 *(a)* | 75000 | 74213 |
| 3.85%, 04/01/52 *(a)* | 100000 | 77774 |
| 2.98%, 12/15/55 *(a)* | 200000 | 127838 |
| **Nutrien Ltd.** | **Nutrien Ltd.** | **Nutrien Ltd.** |
| 5.20%, 06/21/27 *(a)* | 100000 | 101572 |
| 4.90%, 03/27/28 *(a)* | 150000 | 152731 |
| 4.20%, 04/01/29 *(a)* | 100000 | 100456 |
| 2.95%, 05/13/30 *(a)* | 150000 | 143190 |
| 5.25%, 03/12/32 *(a)* | 100000 | 104470 |
| 5.40%, 06/21/34 *(a)* | 100000 | 104490 |
| 4.13%, 03/15/35 *(a)* | 75000 | 70679 |
| 5.88%, 12/01/36  | 50000 | 53283 |
| 5.63%, 12/01/40  | 100000 | 102084 |
| 6.13%, 01/15/41 *(a)* | 45000 | 48208 |
| 4.90%, 06/01/43 *(a)* | 100000 | 92557 |
| 5.25%, 01/15/45 *(a)* | 125000 | 120485 |
| 5.00%, 04/01/49 *(a)* | 100000 | 91681 |
| 3.95%, 05/13/50 *(a)* | 150000 | 117336 |
| 5.80%, 03/27/53 *(a)* | 150000 | 153189 |
| **Packaging Corp. of America** | **Packaging Corp. of America** | **Packaging Corp. of America** |
| 3.40%, 12/15/27 *(a)* | 75000 | 74410 |
| 3.00%, 12/15/29 *(a)* | 150000 | 144606 |
| 5.20%, 08/15/35 *(a)* | 150000 | 153820 |
| 3.05%, 10/01/51 *(a)* | 150000 | 99335 |
| **PPG Industries, Inc.** | **PPG Industries, Inc.** | **PPG Industries, Inc.** |
| 3.75%, 03/15/28 *(a)* | 100000 | 99887 |
| 2.80%, 08/15/29 *(a)* | 100000 | 96626 |
| 2.55%, 06/15/30 *(a)* | 100000 | 94161 |
| 4.38%, 03/15/31 *(a)* | 130000 | 130789 |
| **Rayonier LP** | **Rayonier LP** | **Rayonier LP** |
| 2.75%, 05/17/31 *(a)* | 75000 | 68741 |
| **Reliance, Inc.** | **Reliance, Inc.** | **Reliance, Inc.** |
| 2.15%, 08/15/30 *(a)* | 200000 | 183250 |

---

*See financial notes*

**28**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** |
| 7.25%, 03/15/31  | 100000 | 114473 |
| 6.13%, 12/15/33  | 150000 | 165567 |
| 5.75%, 06/01/35  | 75000 | 80942 |
| **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** |
| 7.13%, 07/15/28  | 100000 | 107450 |
| 5.20%, 11/02/40  | 200000 | 202746 |
| 2.75%, 11/02/51 *(a)* | 250000 | 158360 |
| **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** |
| 4.38%, 03/12/27  | 100000 | 100773 |
| 4.50%, 03/14/28 *(a)* | 150000 | 152140 |
| 4.88%, 03/14/30 *(a)* | 300000 | 309966 |
| 5.00%, 03/14/32 *(a)* | 225000 | 233917 |
| 5.00%, 03/09/33 *(a)* | 150000 | 155814 |
| 5.25%, 03/14/35 *(a)* | 300000 | 313602 |
| 4.75%, 03/22/42 *(a)* | 100000 | 95177 |
| 4.13%, 08/21/42 *(a)* | 100000 | 87587 |
| 5.13%, 03/09/53 *(a)* | 200000 | 190284 |
| 5.75%, 03/14/55 *(a)* | 300000 | 311754 |
| 5.88%, 03/14/65 *(a)* | 150000 | 156669 |
| **Rohm & Haas Co.** | **Rohm & Haas Co.** | **Rohm & Haas Co.** |
| 7.85%, 07/15/29  | 100000 | 111114 |
| **RPM International, Inc.** | **RPM International, Inc.** | **RPM International, Inc.** |
| 3.75%, 03/15/27 *(a)* | 50000 | 49929 |
| 4.55%, 03/01/29 *(a)* | 100000 | 101566 |
| 2.95%, 01/15/32 *(a)* | 75000 | 69005 |
| 5.25%, 06/01/45 *(a)* | 75000 | 73085 |
| 4.25%, 01/15/48 *(a)* | 25000 | 20869 |
| **Sherwin-Williams Co.** | **Sherwin-Williams Co.** | **Sherwin-Williams Co.** |
| 3.45%, 06/01/27 *(a)* | 250000 | 248872 |
| 4.55%, 03/01/28 *(a)* | 75000 | 75983 |
| 4.30%, 08/15/28 *(a)* | 100000 | 100888 |
| 2.95%, 08/15/29 *(a)* | 100000 | 96664 |
| 2.30%, 05/15/30 *(a)* | 100000 | 93041 |
| 4.50%, 08/15/30 *(a)* | 100000 | 101586 |
| 4.80%, 09/01/31 *(a)* | 75000 | 77309 |
| 2.20%, 03/15/32 *(a)* | 75000 | 66612 |
| 5.15%, 08/15/35 *(a)* | 100000 | 102858 |
| 4.00%, 12/15/42 *(a)* | 50000 | 42029 |
| 4.55%, 08/01/45 *(a)* | 75000 | 66088 |
| 4.50%, 06/01/47 *(a)* | 250000 | 216612 |
| 3.80%, 08/15/49 *(a)* | 100000 | 76309 |
| 3.30%, 05/15/50 *(a)* | 100000 | 69912 |
| 2.90%, 03/15/52 *(a)* | 100000 | 62891 |
| **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** |
| 5.20%, 01/15/30 *(a)* | 200000 | 207388 |
| 5.44%, 04/03/34 *(a)* | 200000 | 208560 |
| 5.78%, 04/03/54 *(a)* | 200000 | 202542 |
| **Smurfit Westrock Financing DAC** | **Smurfit Westrock Financing DAC** | **Smurfit Westrock Financing DAC** |
| 5.42%, 01/15/35 *(a)* | 200000 | 207646 |
| 5.19%, 01/15/36 *(a)* | 200000 | 203820 |
| **Southern Copper Corp.** | **Southern Copper Corp.** | **Southern Copper Corp.** |
| 7.50%, 07/27/35  | 150000 | 179001 |
| 6.75%, 04/16/40  | 200000 | 229538 |
| 5.25%, 11/08/42  | 250000 | 245237 |
| 5.88%, 04/23/45  | 250000 | 261945 |
| **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** |
| 1.65%, 10/15/27 *(a)* | 75000 | 72374 |
| 4.00%, 12/15/28 *(a)* | 120000 | 120113 |
| 3.45%, 04/15/30 *(a)* | 100000 | 97316 |
| 3.25%, 01/15/31 *(a)* | 100000 | 95774 |
| 5.38%, 08/15/34 *(a)* | 125000 | 129934 |
| 5.25%, 05/15/35 *(a)* | 100000 | 102739 |
| 3.25%, 10/15/50 *(a)* | 75000 | 51452 |
| 5.75%, 05/15/55 *(a)* | 75000 | 74938 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Suzano Austria GmbH** | **Suzano Austria GmbH** | **Suzano Austria GmbH** |
| 2.50%, 09/15/28 *(a)* | 100000 | 95748 |
| 6.00%, 01/15/29 *(a)* | 200000 | 207484 |
| 5.00%, 01/15/30 *(a)* | 200000 | 201482 |
| 3.75%, 01/15/31 *(a)* | 250000 | 238552 |
| 3.13%, 01/15/32 *(a)* | 200000 | 181636 |
| **Suzano Netherlands BV** | **Suzano Netherlands BV** | **Suzano Netherlands BV** |
| 5.50%, 01/15/36 *(a)* | 200000 | 201632 |
| **Vale Overseas Ltd.** | **Vale Overseas Ltd.** | **Vale Overseas Ltd.** |
| 3.75%, 07/08/30 *(a)* | 300000 | 291186 |
| 6.13%, 06/12/33 *(a)* | 275000 | 296260 |
| 8.25%, 01/17/34  | 75000 | 90965 |
| 6.88%, 11/21/36  | 150000 | 172062 |
| 6.88%, 11/10/39  | 200000 | 228874 |
| 6.40%, 06/28/54 *(a)* | 275000 | 288513 |
| **Vale SA** | **Vale SA** | **Vale SA** |
| 5.63%, 09/11/42  | 100000 | 102241 |
| **Westlake Corp.** | **Westlake Corp.** | **Westlake Corp.** |
| 3.38%, 06/15/30 *(a)* | 100000 | 96751 |
| 5.55%, 11/15/35 *(a)* | 110000 | 111696 |
| 2.88%, 08/15/41 *(a)* | 75000 | 52892 |
| 5.00%, 08/15/46 *(a)* | 100000 | 88065 |
| 4.38%, 11/15/47 *(a)* | 100000 | 79657 |
| 3.13%, 08/15/51 *(a)* | 125000 | 78065 |
| 6.38%, 11/15/55 *(a)* | 110000 | 110301 |
| 3.38%, 08/15/61 *(a)* | 100000 | 60872 |
| **WestRock MWV LLC** | **WestRock MWV LLC** | **WestRock MWV LLC** |
| 8.20%, 01/15/30  | 100000 | 114537 |
| 7.95%, 02/15/31  | 50000 | 57715 |
| **Weyerhaeuser Co.** | **Weyerhaeuser Co.** | **Weyerhaeuser Co.** |
| 4.00%, 11/15/29 *(a)* | 150000 | 149326 |
| 4.00%, 04/15/30 *(a)* | 150000 | 148878 |
| 7.38%, 03/15/32  | 100000 | 114741 |
| 3.38%, 03/09/33 *(a)* | 100000 | 92840 |
| 4.00%, 03/09/52 *(a)* | 75000 | 57934 |
| **WRKCo, Inc.** | **WRKCo, Inc.** | **WRKCo, Inc.** |
| 4.00%, 03/15/28 *(a)* | 150000 | 150276 |
| 3.90%, 06/01/28 *(a)* | 100000 | 99920 |
| 4.90%, 03/15/29 *(a)* | 100000 | 102350 |
| 3.00%, 06/15/33 *(a)* | 150000 | 135570 |
| **Yamana Gold, Inc.** | **Yamana Gold, Inc.** | **Yamana Gold, Inc.** |
| 2.63%, 08/15/31 *(a)(e)* | 50000 | 45783 |
|  |  | **34301838** |
| ***Capital Goods 1.3%***  | ***Capital Goods 1.3%***  | ***Capital Goods 1.3%***  |
| **3M Co.** | **3M Co.** | **3M Co.** |
| 2.88%, 10/15/27 *(a)* | 100000 | 98659 |
| 3.63%, 09/14/28 *(a)* | 150000 | 149376 |
| 3.38%, 03/01/29 *(a)* | 200000 | 197026 |
| 2.38%, 08/26/29 *(a)* | 150000 | 142451 |
| 4.80%, 03/15/30 *(a)* | 100000 | 102861 |
| 3.05%, 04/15/30 *(a)* | 200000 | 192682 |
| 5.15%, 03/15/35 *(a)* | 100000 | 103438 |
| 5.70%, 03/15/37  | 100000 | 106904 |
| 3.88%, 06/15/44  | 75000 | 61919 |
| 3.13%, 09/19/46 *(a)* | 100000 | 70905 |
| 3.63%, 10/15/47 *(a)* | 75000 | 57271 |
| 4.00%, 09/14/48 *(a)* | 225000 | 181188 |
| 3.25%, 08/26/49 *(a)* | 200000 | 140210 |
| 3.70%, 04/15/50 *(a)* | 100000 | 75405 |
| **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** |
| 3.80%, 04/03/28 *(a)* | 100000 | 100157 |
| 4.38%, 05/08/42  | 100000 | 91282 |
| **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** |
| 2.15%, 12/15/30 *(a)* | 100000 | 90942 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**29**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **AGCO Corp.** | **AGCO Corp.** | **AGCO Corp.** |
| 5.45%, 03/21/27 *(a)* | 75000 | 75899 |
| 5.80%, 03/21/34 *(a)* | 125000 | 132180 |
| **Allegion PLC** | **Allegion PLC** | **Allegion PLC** |
| 3.50%, 10/01/29 *(a)* | 100000 | 97939 |
| **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** |
| 3.55%, 10/01/27 *(a)* | 75000 | 74501 |
| 5.41%, 07/01/32 *(a)* | 100000 | 104624 |
| 5.60%, 05/29/34 *(a)* | 75000 | 79288 |
| **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** |
| 4.50%, 05/15/28 *(a)* | 100000 | 100998 |
| 5.63%, 05/26/33 *(a)* | 75000 | 79604 |
| **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** |
| 4.80%, 03/17/28  | 150000 | 152670 |
| 5.10%, 03/17/30 *(a)* | 120000 | 124277 |
| 2.63%, 06/19/30 *(a)* | 100000 | 94083 |
| 2.69%, 05/25/31 *(a)* | 150000 | 138698 |
| 5.50%, 03/17/35 *(a)* | 200000 | 210538 |
| **Amcor Group Finance PLC** | **Amcor Group Finance PLC** | **Amcor Group Finance PLC** |
| 5.45%, 05/23/29 *(a)* | 100000 | 104119 |
| **Amphenol Corp.** | **Amphenol Corp.** | **Amphenol Corp.** |
| 5.05%, 04/05/27 *(a)* | 75000 | 75977 |
| 3.80%, 11/15/27  | 150000 | 150207 |
| 4.38%, 06/12/28 *(a)* | 140000 | 141849 |
| 3.90%, 11/15/28 *(a)* | 150000 | 150442 |
| 5.05%, 04/05/29 *(a)* | 75000 | 77543 |
| 4.35%, 06/01/29 *(a)* | 100000 | 101611 |
| 2.80%, 02/15/30 *(a)* | 150000 | 143663 |
| 4.13%, 11/15/30 *(a)* | 150000 | 150748 |
| 2.20%, 09/15/31 *(a)* | 200000 | 181348 |
| 4.40%, 02/15/33 *(a)* | 200000 | 200550 |
| 5.25%, 04/05/34 *(a)* | 100000 | 104820 |
| 5.00%, 01/15/35 *(a)* | 100000 | 102647 |
| 4.63%, 02/15/36 *(a)* | 300000 | 298230 |
| 5.38%, 11/15/54 *(a)* | 150000 | 148106 |
| 5.30%, 11/15/55 *(a)* | 300000 | 290613 |
| **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** |
| 4.60%, 04/07/27  | 150000 | 151131 |
| 4.70%, 04/07/28 *(a)* | 125000 | 126945 |
| 4.95%, 04/07/30 *(a)* | 150000 | 154308 |
| 5.40%, 04/07/35 *(a)* | 200000 | 209200 |
| 7.13%, 07/15/36  | 100000 | 117624 |
| 4.75%, 09/22/46 *(a)* | 100000 | 91072 |
| **AptarGroup, Inc.** | **AptarGroup, Inc.** | **AptarGroup, Inc.** |
| 4.75%, 03/30/31 *(a)* | 110000 | 111709 |
| 3.60%, 03/15/32 *(a)* | 100000 | 95463 |
| **Avery Dennison Corp.** | **Avery Dennison Corp.** | **Avery Dennison Corp.** |
| 4.88%, 12/06/28 *(a)* | 75000 | 76583 |
| 2.65%, 04/30/30 *(a)* | 100000 | 94343 |
| 2.25%, 02/15/32 *(a)* | 100000 | 89111 |
| 5.75%, 03/15/33 *(a)* | 100000 | 106919 |
| **Berry Global, Inc.** | **Berry Global, Inc.** | **Berry Global, Inc.** |
| 5.50%, 04/15/28 *(a)* | 100000 | 103200 |
| 5.80%, 06/15/31 *(a)* | 100000 | 106569 |
| 5.65%, 01/15/34 *(a)* | 150000 | 158577 |
| **Boeing Co.** | **Boeing Co.** | **Boeing Co.** |
| 2.80%, 03/01/27 *(a)* | 100000 | 98849 |
| 5.04%, 05/01/27 *(a)* | 300000 | 303180 |
| 6.26%, 05/01/27 *(a)* | 200000 | 204936 |
| 3.25%, 02/01/28 *(a)* | 250000 | 247070 |
| 3.25%, 03/01/28 *(a)* | 75000 | 74117 |
| 3.45%, 11/01/28 *(a)* | 50000 | 49419 |
| 3.20%, 03/01/29 *(a)* | 150000 | 146625 |
| 6.30%, 05/01/29 *(a)* | 250000 | 266477 |
| 2.95%, 02/01/30 *(a)* | 150000 | 143859 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.15%, 05/01/30 *(a)* | 800000 | 828704 |
| 3.63%, 02/01/31 *(a)* | 250000 | 242887 |
| 6.39%, 05/01/31 *(a)* | 175000 | 191366 |
| 6.13%, 02/15/33  | 75000 | 82046 |
| 3.60%, 05/01/34 *(a)* | 160000 | 147806 |
| 6.53%, 05/01/34 *(a)* | 475000 | 533107 |
| 3.25%, 02/01/35 *(a)* | 150000 | 133737 |
| 6.63%, 02/15/38  | 100000 | 113095 |
| 3.55%, 03/01/38 *(a)* | 100000 | 86207 |
| 3.50%, 03/01/39 *(a)* | 50000 | 41951 |
| 6.88%, 03/15/39  | 80000 | 91743 |
| 5.88%, 02/15/40  | 100000 | 105053 |
| 5.71%, 05/01/40 *(a)* | 550000 | 572781 |
| 3.38%, 06/15/46 *(a)* | 75000 | 54396 |
| 3.65%, 03/01/47 *(a)* | 50000 | 37417 |
| 3.63%, 03/01/48 *(a)* | 50000 | 36652 |
| 3.85%, 11/01/48 *(a)* | 100000 | 76242 |
| 3.90%, 05/01/49 *(a)* | 150000 | 114803 |
| 3.75%, 02/01/50 *(a)* | 250000 | 185992 |
| 5.81%, 05/01/50 *(a)* | 1050000 | 1054158 |
| 6.86%, 05/01/54 *(a)* | 475000 | 545414 |
| 3.83%, 03/01/59 *(a)* | 50000 | 35402 |
| 3.95%, 08/01/59 *(a)* | 150000 | 107969 |
| 5.93%, 05/01/60 *(a)* | 625000 | 627931 |
| 7.01%, 05/01/64 *(a)* | 300000 | 349065 |
| **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** |
| 3.75%, 12/01/27 *(a)* | 150000 | 149584 |
| 2.75%, 03/01/30 *(a)* | 150000 | 142512 |
| 2.20%, 03/01/32 *(a)* | 100000 | 88492 |
| 5.25%, 09/15/35 *(a)* | 75000 | 77513 |
| 5.55%, 09/15/40 *(a)* | 100000 | 103513 |
| **Carrier Global Corp.** | **Carrier Global Corp.** | **Carrier Global Corp.** |
| 2.72%, 02/15/30 *(a)* | 400000 | 380236 |
| 2.70%, 02/15/31 *(a)(e)* | 150000 | 140480 |
| 5.90%, 03/15/34 *(a)* | 200000 | 216402 |
| 3.38%, 04/05/40 *(a)* | 300000 | 246027 |
| 3.58%, 04/05/50 *(a)(e)* | 225000 | 168723 |
| 6.20%, 03/15/54 *(a)* | 162000 | 178427 |
| **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** |
| 5.00%, 05/14/27  | 100000 | 101583 |
| 3.60%, 08/12/27  | 150000 | 149991 |
| 1.10%, 09/14/27  | 150000 | 144477 |
| 4.40%, 10/15/27  | 150000 | 151729 |
| 4.60%, 11/15/27  | 200000 | 203174 |
| 4.10%, 08/15/28  | 220000 | 221976 |
| 3.95%, 11/14/28  | 190000 | 191075 |
| 3.75%, 02/23/29  | 175000 | 175164 |
| 4.85%, 02/27/29  | 100000 | 103262 |
| 4.38%, 08/16/29  | 200000 | 203906 |
| 4.70%, 11/15/29  | 200000 | 206120 |
| 4.80%, 01/08/30  | 100000 | 103940 |
| **Caterpillar, Inc.** | **Caterpillar, Inc.** | **Caterpillar, Inc.** |
| 2.60%, 09/19/29 *(a)* | 100000 | 96171 |
| 2.60%, 04/09/30 *(a)* | 200000 | 190764 |
| 1.90%, 03/12/31 *(a)* | 100000 | 90956 |
| 5.20%, 05/15/35 *(a)* | 300000 | 314424 |
| 5.30%, 09/15/35  | 100000 | 106901 |
| 6.05%, 08/15/36  | 100000 | 113016 |
| 5.20%, 05/27/41  | 150000 | 153984 |
| 3.80%, 08/15/42  | 250000 | 213895 |
| 4.30%, 05/15/44 *(a)* | 100000 | 89631 |
| 3.25%, 09/19/49 *(a)* | 175000 | 127628 |
| 3.25%, 04/09/50 *(a)* | 150000 | 109205 |
| 5.50%, 05/15/55 *(a)* | 100000 | 103584 |
| 4.75%, 05/15/64 *(a)* | 100000 | 89813 |

---

*See financial notes*

**30**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** |
| 4.50%, 10/08/27 *(a)* | 100000 | 100711 |
| 4.75%, 03/21/28 *(a)* | 100000 | 101381 |
| 4.55%, 04/10/28 *(a)* | 100000 | 100992 |
| 5.50%, 01/12/29 *(a)* | 100000 | 103781 |
| 5.10%, 04/20/29 *(a)* | 100000 | 102881 |
| 4.50%, 10/16/30 *(a)* | 90000 | 90777 |
| **CNH Industrial NV** | **CNH Industrial NV** | **CNH Industrial NV** |
| 3.85%, 11/15/27 *(a)* | 100000 | 99797 |
| **CRH America Finance, Inc.** | **CRH America Finance, Inc.** | **CRH America Finance, Inc.** |
| 4.40%, 02/09/31 *(a)* | 200000 | 201486 |
| 5.40%, 05/21/34 *(a)* | 200000 | 209354 |
| 5.50%, 01/09/35 *(a)* | 200000 | 210696 |
| 5.00%, 02/09/36 *(a)* | 200000 | 202758 |
| 5.88%, 01/09/55 *(a)* | 100000 | 104049 |
| 5.60%, 02/09/56 *(a)* | 50000 | 50024 |
| **CRH SMW Finance DAC** | **CRH SMW Finance DAC** | **CRH SMW Finance DAC** |
| 5.20%, 05/21/29 *(a)* | 200000 | 207268 |
| 5.13%, 01/09/30 *(a)* | 200000 | 207096 |
| **Deere & Co.** | **Deere & Co.** | **Deere & Co.** |
| 5.38%, 10/16/29  | 112000 | 118140 |
| 3.10%, 04/15/30 *(a)* | 150000 | 145686 |
| 7.13%, 03/03/31  | 75000 | 85968 |
| 5.45%, 01/16/35 *(a)* | 200000 | 213592 |
| 3.90%, 06/09/42 *(a)* | 200000 | 176026 |
| 2.88%, 09/07/49 *(a)* | 100000 | 69105 |
| 3.75%, 04/15/50 *(a)* | 150000 | 120198 |
| 5.70%, 01/19/55 *(a)* | 150000 | 159160 |
| **Deere Funding Canada Corp.** | **Deere Funding Canada Corp.** | **Deere Funding Canada Corp.** |
| 4.15%, 10/09/30 *(a)* | 100000 | 100647 |
| **Dover Corp.** | **Dover Corp.** | **Dover Corp.** |
| 5.38%, 10/15/35  | 75000 | 80261 |
| 5.38%, 03/01/41 *(a)* | 100000 | 104119 |
| **Eagle Materials, Inc.** | **Eagle Materials, Inc.** | **Eagle Materials, Inc.** |
| 2.50%, 07/01/31 *(a)* | 150000 | 137532 |
| 5.00%, 03/15/36 *(a)* | 130000 | 128950 |
| **Eaton Capital ULC** | **Eaton Capital ULC** | **Eaton Capital ULC** |
| 4.45%, 05/09/30 *(a)* | 200000 | 203560 |
| **Eaton Corp.** | **Eaton Corp.** | **Eaton Corp.** |
| 3.10%, 09/15/27 *(a)* | 100000 | 99171 |
| 4.35%, 05/18/28 *(a)* | 100000 | 101281 |
| 4.00%, 11/02/32  | 96000 | 95412 |
| 4.15%, 03/15/33 *(a)* | 250000 | 249400 |
| 4.15%, 11/02/42  | 150000 | 133065 |
| 3.92%, 09/15/47 *(a)* | 100000 | 83342 |
| 4.70%, 08/23/52 *(a)* | 100000 | 91448 |
| **Embraer Netherlands Finance BV** | **Embraer Netherlands Finance BV** | **Embraer Netherlands Finance BV** |
| 5.98%, 02/11/35 *(a)* | 125000 | 134260 |
| 5.40%, 01/09/38 *(a)* | 180000 | 180369 |
| **Emerson Electric Co.** | **Emerson Electric Co.** | **Emerson Electric Co.** |
| 1.80%, 10/15/27 *(a)* | 150000 | 145653 |
| 2.00%, 12/21/28 *(a)* | 200000 | 191052 |
| 1.95%, 10/15/30 *(a)* | 75000 | 68752 |
| 2.20%, 12/21/31 *(a)* | 200000 | 181096 |
| 5.00%, 03/15/35 *(a)* | 75000 | 77645 |
| 5.25%, 11/15/39  | 50000 | 52123 |
| 2.75%, 10/15/50 *(a)* | 100000 | 65149 |
| 2.80%, 12/21/51 *(a)* | 200000 | 129598 |
| **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** |
| 4.35%, 03/15/31 *(a)* | 130000 | 130511 |
| 5.00%, 10/03/34 *(a)* | 125000 | 127010 |
| **Flowserve Corp.** | **Flowserve Corp.** | **Flowserve Corp.** |
| 3.50%, 10/01/30 *(a)* | 150000 | 144870 |
| **Fortive Corp.** | **Fortive Corp.** | **Fortive Corp.** |
| 4.30%, 06/15/46 *(a)* | 80000 | 67636 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** |
| 3.25%, 09/15/29 *(a)* | 100000 | 96963 |
| 4.00%, 03/25/32 *(a)* | 100000 | 97231 |
| 5.88%, 06/01/33 *(a)* | 100000 | 107128 |
| 4.50%, 03/25/52 *(a)* | 100000 | 81489 |
| **GE Capital Funding LLC** | **GE Capital Funding LLC** | **GE Capital Funding LLC** |
| 4.55%, 05/15/32 *(a)* | 200000 | 203910 |
| **GE Capital International Funding Co. Unlimited Co.** | **GE Capital International Funding Co. Unlimited Co.** | **GE Capital International Funding Co. Unlimited Co.** |
| 4.42%, 11/15/35  | 200000 | 197538 |
| **GE Vernova, Inc.** | **GE Vernova, Inc.** | **GE Vernova, Inc.** |
| 4.25%, 02/04/31 *(a)* | 100000 | 100757 |
| 4.88%, 02/04/36 *(a)* | 400000 | 405212 |
| 5.50%, 02/04/56 *(a)* | 200000 | 198554 |
| **General Dynamics Corp.** | **General Dynamics Corp.** | **General Dynamics Corp.** |
| 3.50%, 04/01/27 *(a)* | 100000 | 99820 |
| 2.63%, 11/15/27 *(a)* | 75000 | 73842 |
| 3.75%, 05/15/28 *(a)* | 300000 | 300957 |
| 3.63%, 04/01/30 *(a)* | 150000 | 148561 |
| 2.25%, 06/01/31 *(a)* | 100000 | 91855 |
| 4.95%, 08/15/35 *(a)* | 100000 | 103442 |
| 4.25%, 04/01/40 *(a)* | 100000 | 93250 |
| 2.85%, 06/01/41 *(a)* | 100000 | 77172 |
| 3.60%, 11/15/42 *(a)* | 150000 | 125130 |
| 4.25%, 04/01/50 *(a)* | 150000 | 130046 |
| **General Electric Co.** | **General Electric Co.** | **General Electric Co.** |
| 4.30%, 07/29/30 *(a)* | 180000 | 182947 |
| 6.75%, 03/15/32  | 200000 | 228592 |
| 4.90%, 01/29/36 *(a)* | 180000 | 184597 |
| 5.88%, 01/14/38  | 200000 | 219858 |
| 6.88%, 01/10/39  | 100000 | 119130 |
| 4.50%, 03/11/44  | 100000 | 92310 |
| 4.35%, 05/01/50 *(a)* | 100000 | 87674 |
| **HEICO Corp.** | **HEICO Corp.** | **HEICO Corp.** |
| 5.25%, 08/01/28 *(a)* | 100000 | 102923 |
| 5.35%, 08/01/33 *(a)* | 100000 | 105054 |
| **Hexcel Corp.** | **Hexcel Corp.** | **Hexcel Corp.** |
| 5.88%, 02/26/35 *(a)* | 50000 | 53373 |
| **Honeywell International, Inc.** | **Honeywell International, Inc.** | **Honeywell International, Inc.** |
| 1.10%, 03/01/27 *(a)* | 200000 | 194832 |
| 4.65%, 07/30/27 *(a)* | 200000 | 202430 |
| 4.95%, 02/15/28 *(a)* | 100000 | 102225 |
| 4.25%, 01/15/29 *(a)* | 200000 | 202420 |
| 2.70%, 08/15/29 *(a)* | 150000 | 144507 |
| 4.88%, 09/01/29 *(a)* | 100000 | 103262 |
| 4.70%, 02/01/30 *(a)* | 200000 | 205510 |
| 1.95%, 06/01/30 *(a)* | 200000 | 184512 |
| 1.75%, 09/01/31 *(a)* | 250000 | 221437 |
| 4.95%, 09/01/31 *(a)* | 100000 | 104506 |
| 4.75%, 02/01/32 *(a)* | 200000 | 206088 |
| 5.00%, 02/15/33 *(a)* | 225000 | 234713 |
| 4.50%, 01/15/34 *(a)* | 200000 | 201120 |
| 5.00%, 03/01/35 *(a)* | 200000 | 206188 |
| 5.70%, 03/15/36  | 100000 | 108164 |
| 5.70%, 03/15/37  | 100000 | 108239 |
| 5.38%, 03/01/41  | 75000 | 78323 |
| 3.81%, 11/21/47 *(a)* | 100000 | 79977 |
| 2.80%, 06/01/50 *(a)* | 150000 | 101402 |
| 5.25%, 03/01/54 *(a)* | 300000 | 288948 |
| 5.35%, 03/01/64 *(a)* | 100000 | 96975 |
| **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** |
| 6.75%, 01/15/28  | 100000 | 105237 |
| 3.75%, 03/03/28  | 75000 | 74927 |
| 3.00%, 01/15/29 *(a)* | 100000 | 97640 |
| 3.90%, 04/15/29 *(a)* | 50000 | 50068 |
| 4.85%, 10/15/31 *(a)* | 100000 | 103792 |
| 4.55%, 11/15/32 *(a)* | 90000 | 91760 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**31**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.75%, 04/15/36 *(a)* | 100000 | 100364 |
| 5.95%, 02/01/37  | 100000 | 109335 |
| **Hubbell, Inc.** | **Hubbell, Inc.** | **Hubbell, Inc.** |
| 3.50%, 02/15/28 *(a)* | 100000 | 99399 |
| 2.30%, 03/15/31 *(a)* | 100000 | 92370 |
| 4.80%, 11/15/35 *(a)* | 70000 | 70412 |
| **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** |
| 3.48%, 12/01/27 *(a)* | 100000 | 99146 |
| 2.04%, 08/16/28 *(a)* | 100000 | 95459 |
| 5.35%, 01/15/30 *(a)* | 100000 | 103840 |
| 4.20%, 05/01/30 *(a)* | 100000 | 99903 |
| 5.75%, 01/15/35 *(a)* | 100000 | 107072 |
| **IDEX Corp.** | **IDEX Corp.** | **IDEX Corp.** |
| 4.95%, 09/01/29 *(a)* | 75000 | 77027 |
| 3.00%, 05/01/30 *(a)* | 100000 | 95810 |
| 2.63%, 06/15/31 *(a)* | 75000 | 68872 |
| **Illinois Tool Works, Inc.** | **Illinois Tool Works, Inc.** | **Illinois Tool Works, Inc.** |
| 3.90%, 09/01/42 *(a)* | 300000 | 260730 |
| **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** |
| 5.20%, 06/15/27 *(a)* | 150000 | 152182 |
| 5.40%, 08/14/28 *(a)* | 75000 | 77562 |
| 5.18%, 06/15/29 *(a)* | 150000 | 155580 |
| 5.31%, 06/15/31 *(a)* | 75000 | 78861 |
| 5.70%, 08/14/33 *(a)* | 200000 | 214004 |
| 5.45%, 06/15/34 *(a)* | 150000 | 157456 |
| 5.70%, 06/15/54 *(a)* | 100000 | 101955 |
| **John Deere Capital Corp.** | **John Deere Capital Corp.** | **John Deere Capital Corp.** |
| 4.85%, 03/05/27  | 100000 | 101167 |
| 2.35%, 03/08/27  | 100000 | 98693 |
| 1.75%, 03/09/27  | 200000 | 196212 |
| 4.90%, 06/11/27  | 150000 | 152373 |
| 4.20%, 07/15/27  | 200000 | 201524 |
| 2.80%, 09/08/27  | 75000 | 74077 |
| 4.15%, 09/15/27  | 200000 | 201578 |
| 3.05%, 01/06/28  | 50000 | 49484 |
| 4.65%, 01/07/28  | 100000 | 101876 |
| 4.75%, 01/20/28  | 200000 | 204246 |
| 4.90%, 03/03/28  | 100000 | 102471 |
| 1.50%, 03/06/28  | 150000 | 143987 |
| 4.25%, 06/05/28  | 130000 | 131745 |
| 4.95%, 07/14/28  | 250000 | 257085 |
| 4.50%, 01/16/29  | 150000 | 153354 |
| 3.45%, 03/07/29  | 100000 | 99176 |
| 3.35%, 04/18/29  | 100000 | 98715 |
| 4.85%, 06/11/29  | 150000 | 154962 |
| 2.80%, 07/18/29  | 150000 | 145371 |
| 4.85%, 10/11/29  | 100000 | 103904 |
| 2.45%, 01/09/30  | 100000 | 95446 |
| 4.55%, 06/05/30  | 150000 | 153726 |
| 4.70%, 06/10/30  | 200000 | 206376 |
| 4.38%, 10/15/30  | 110000 | 111995 |
| 1.45%, 01/15/31  | 100000 | 89307 |
| 4.90%, 03/07/31  | 150000 | 156291 |
| 2.00%, 06/17/31  | 100000 | 90541 |
| 4.40%, 09/08/31  | 200000 | 204012 |
| 3.90%, 06/07/32  | 100000 | 99172 |
| 4.35%, 09/15/32  | 150000 | 152017 |
| 5.15%, 09/08/33  | 175000 | 185096 |
| 5.10%, 04/11/34  | 150000 | 156867 |
| 5.05%, 06/12/34  | 150000 | 156393 |
| **Johnson Controls International PLC** | **Johnson Controls International PLC** | **Johnson Controls International PLC** |
| 6.00%, 01/15/36  | 50000 | 54656 |
| 4.63%, 07/02/44 *(a)* | 95000 | 86249 |
| 4.50%, 02/15/47 *(a)* | 100000 | 88437 |
| 4.95%, 07/02/64 *(a)(f)* | 75000 | 66937 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** |
| 5.50%, 04/19/29 *(a)* | 125000 | 130763 |
| 1.75%, 09/15/30 *(a)* | 150000 | 135725 |
| 2.00%, 09/16/31 *(a)* | 100000 | 89187 |
| 4.90%, 12/01/32 *(a)* | 100000 | 102881 |
| **Kennametal, Inc.** | **Kennametal, Inc.** | **Kennametal, Inc.** |
| 4.63%, 06/15/28 *(a)* | 100000 | 101231 |
| **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** |
| 4.40%, 06/15/28 *(a)* | 300000 | 302899 |
| 5.05%, 06/01/29 *(a)* | 150000 | 154720 |
| 2.90%, 12/15/29 *(a)* | 50000 | 48044 |
| 1.80%, 01/15/31 *(a)* | 100000 | 89630 |
| 5.25%, 06/01/31 *(a)* | 150000 | 157158 |
| 5.40%, 07/31/33 *(a)* | 275000 | 289924 |
| 5.35%, 06/01/34 *(a)* | 150000 | 156715 |
| 4.85%, 04/27/35 *(a)* | 100000 | 101150 |
| 6.15%, 12/15/40  | 95000 | 105206 |
| 5.05%, 04/27/45 *(a)* | 100000 | 97495 |
| 5.60%, 07/31/53 *(a)* | 100000 | 100659 |
| 5.50%, 08/15/54 *(a)* | 100000 | 99541 |
| **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** |
| 3.50%, 11/15/27 *(a)* | 100000 | 98820 |
| 4.40%, 03/15/29 *(a)* | 100000 | 99633 |
| 3.50%, 11/15/51 *(a)* | 100000 | 65794 |
| **Lennox International, Inc.** | **Lennox International, Inc.** | **Lennox International, Inc.** |
| 1.70%, 08/01/27 *(a)* | 75000 | 72737 |
| 5.50%, 09/15/28 *(a)* | 100000 | 103494 |
| **Lockheed Martin Corp.** | **Lockheed Martin Corp.** | **Lockheed Martin Corp.** |
| 5.10%, 11/15/27 *(a)* | 150000 | 153595 |
| 4.45%, 05/15/28 *(a)* | 100000 | 101416 |
| 4.15%, 08/15/28 *(a)* | 90000 | 90923 |
| 4.50%, 02/15/29 *(a)* | 100000 | 102023 |
| 1.85%, 06/15/30 *(a)* | 100000 | 91762 |
| 4.40%, 08/15/30 *(a)* | 130000 | 132428 |
| 4.70%, 12/15/31 *(a)* | 125000 | 129563 |
| 3.90%, 06/15/32 *(a)* | 150000 | 149097 |
| 5.25%, 01/15/33 *(a)* | 150000 | 159681 |
| 4.75%, 02/15/34 *(a)* | 150000 | 154114 |
| 4.80%, 08/15/34 *(a)* | 100000 | 102488 |
| 3.60%, 03/01/35 *(a)* | 100000 | 93682 |
| 5.00%, 08/15/35 *(a)* | 130000 | 134455 |
| 4.50%, 05/15/36 *(a)* | 125000 | 124808 |
| 6.15%, 09/01/36  | 100000 | 112472 |
| 5.72%, 06/01/40  | 100000 | 109818 |
| 4.07%, 12/15/42  | 200000 | 175356 |
| 3.80%, 03/01/45 *(a)* | 150000 | 123375 |
| 4.70%, 05/15/46 *(a)* | 250000 | 231352 |
| 2.80%, 06/15/50 *(a)* | 150000 | 97844 |
| 4.09%, 09/15/52 *(a)* | 288000 | 234288 |
| 4.15%, 06/15/53 *(a)* | 150000 | 122894 |
| 5.70%, 11/15/54 *(a)* | 150000 | 155013 |
| 5.20%, 02/15/55 *(a)* | 225000 | 217046 |
| 4.30%, 06/15/62 *(a)* | 125000 | 101466 |
| 5.90%, 11/15/63 *(a)* | 150000 | 158578 |
| 5.20%, 02/15/64 *(a)* | 150000 | 141363 |
| **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** |
| 3.45%, 06/01/27 *(a)* | 50000 | 49751 |
| 3.50%, 12/15/27 *(a)* | 50000 | 49679 |
| 2.50%, 03/15/30 *(a)* | 100000 | 94278 |
| 2.40%, 07/15/31 *(a)* | 200000 | 182282 |
| 5.15%, 12/01/34 *(a)* | 125000 | 129070 |
| 4.25%, 12/15/47 *(a)* | 100000 | 83937 |
| 3.20%, 07/15/51 *(a)* | 150000 | 102126 |
| 5.50%, 12/01/54 *(a)* | 175000 | 172028 |

---

*See financial notes*

**32**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Masco Corp.** | **Masco Corp.** | **Masco Corp.** |
| 1.50%, 02/15/28 *(a)* | 100000 | 95468 |
| 2.00%, 10/01/30 *(a)* | 100000 | 90691 |
| 2.00%, 02/15/31 *(a)* | 125000 | 112430 |
| 4.50%, 05/15/47 *(a)* | 100000 | 86820 |
| 3.13%, 02/15/51 *(a)* | 75000 | 50496 |
| **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** |
| 5.85%, 09/18/28 *(a)* | 100000 | 104202 |
| 3.63%, 05/15/30 *(a)* | 160000 | 156611 |
| **Nordson Corp.** | **Nordson Corp.** | **Nordson Corp.** |
| 4.50%, 12/15/29 *(a)* | 150000 | 152103 |
| 5.80%, 09/15/33 *(a)* | 100000 | 106973 |
| **Northrop Grumman Corp.** | **Northrop Grumman Corp.** | **Northrop Grumman Corp.** |
| 3.25%, 01/15/28 *(a)* | 375000 | 371381 |
| 4.60%, 02/01/29 *(a)* | 150000 | 153016 |
| 4.40%, 05/01/30 *(a)* | 150000 | 152259 |
| 4.65%, 07/15/30 *(a)* | 75000 | 76842 |
| 4.70%, 03/15/33 *(a)* | 250000 | 255445 |
| 4.90%, 06/01/34 *(a)* | 150000 | 154020 |
| 5.25%, 07/15/35 *(a)* | 75000 | 78648 |
| 5.15%, 05/01/40 *(a)* | 100000 | 101254 |
| 5.05%, 11/15/40  | 100000 | 100644 |
| 4.75%, 06/01/43  | 150000 | 141444 |
| 3.85%, 04/15/45 *(a)* | 150000 | 122892 |
| 4.03%, 10/15/47 *(a)* | 400000 | 329004 |
| 5.25%, 05/01/50 *(a)* | 200000 | 193916 |
| 4.95%, 03/15/53 *(a)* | 150000 | 138213 |
| 5.20%, 06/01/54 *(a)* | 200000 | 190906 |
| **nVent Finance SARL** | **nVent Finance SARL** | **nVent Finance SARL** |
| 4.55%, 04/15/28 *(a)* | 150000 | 151237 |
| 5.65%, 05/15/33 *(a)* | 100000 | 105541 |
| **Oshkosh Corp.** | **Oshkosh Corp.** | **Oshkosh Corp.** |
| 3.10%, 03/01/30 *(a)* | 100000 | 96159 |
| **Otis Worldwide Corp.** | **Otis Worldwide Corp.** | **Otis Worldwide Corp.** |
| 2.29%, 04/05/27 *(a)* | 100000 | 98418 |
| 5.25%, 08/16/28 *(a)* | 100000 | 103193 |
| 2.57%, 02/15/30 *(a)* | 250000 | 236325 |
| 5.13%, 11/19/31 *(a)* | 125000 | 130864 |
| 5.13%, 09/04/35 *(a)* | 90000 | 92745 |
| 3.11%, 02/15/40 *(a)* | 175000 | 140331 |
| 3.36%, 02/15/50 *(a)* | 125000 | 90108 |
| **Owens Corning** | **Owens Corning** | **Owens Corning** |
| 5.50%, 06/15/27 *(a)* | 100000 | 101854 |
| 3.95%, 08/15/29 *(a)* | 100000 | 99673 |
| 3.50%, 02/15/30 *(a)* | 75000 | 73393 |
| 3.88%, 06/01/30 *(a)* | 100000 | 98973 |
| 5.70%, 06/15/34 *(a)* | 150000 | 159172 |
| 7.00%, 12/01/36  | 25000 | 28775 |
| 4.30%, 07/15/47 *(a)* | 100000 | 83090 |
| 4.40%, 01/30/48 *(a)* | 100000 | 84790 |
| 5.95%, 06/15/54 *(a)* | 125000 | 129634 |
| **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** |
| 3.25%, 03/01/27 *(a)* | 100000 | 99517 |
| 4.25%, 09/15/27 *(a)* | 200000 | 201286 |
| 3.25%, 06/14/29 *(a)* | 150000 | 147077 |
| 4.50%, 09/15/29 *(a)* | 200000 | 203742 |
| 4.20%, 11/21/34 *(a)* | 100000 | 98784 |
| 6.25%, 05/15/38  | 50000 | 56722 |
| 4.45%, 11/21/44 *(a)* | 100000 | 89802 |
| 4.10%, 03/01/47 *(a)* | 100000 | 84740 |
| 4.00%, 06/14/49 *(a)* | 200000 | 164668 |
| **Pentair Finance SARL** | **Pentair Finance SARL** | **Pentair Finance SARL** |
| 4.50%, 07/01/29 *(a)* | 75000 | 75742 |
| 5.90%, 07/15/32 *(a)* | 50000 | 53686 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Precision Castparts Corp.** | **Precision Castparts Corp.** | **Precision Castparts Corp.** |
| 3.90%, 01/15/43 *(a)* | 100000 | 86023 |
| 4.38%, 06/15/45 *(a)* | 100000 | 89549 |
| **Regal Rexnord Corp.** | **Regal Rexnord Corp.** | **Regal Rexnord Corp.** |
| 6.05%, 04/15/28 *(a)* | 200000 | 207418 |
| 6.30%, 02/15/30 *(a)* | 200000 | 213698 |
| 6.40%, 04/15/33 *(a)* | 200000 | 217846 |
| **Republic Services, Inc.** | **Republic Services, Inc.** | **Republic Services, Inc.** |
| 3.38%, 11/15/27 *(a)* | 150000 | 149145 |
| 3.95%, 05/15/28 *(a)* | 100000 | 100341 |
| 4.88%, 04/01/29 *(a)* | 100000 | 102791 |
| 5.00%, 11/15/29 *(a)* | 150000 | 155527 |
| 2.30%, 03/01/30 *(a)* | 200000 | 187688 |
| 1.45%, 02/15/31 *(a)* | 150000 | 132425 |
| 1.75%, 02/15/32 *(a)* | 100000 | 87373 |
| 2.38%, 03/15/33 *(a)* | 100000 | 88543 |
| 5.00%, 12/15/33 *(a)* | 100000 | 104223 |
| 5.00%, 04/01/34 *(a)* | 150000 | 155533 |
| 5.20%, 11/15/34 *(a)* | 100000 | 104700 |
| 5.15%, 03/15/35 *(a)* | 150000 | 156592 |
| 6.20%, 03/01/40  | 100000 | 112919 |
| 5.70%, 05/15/41 *(a)* | 75000 | 80228 |
| 3.05%, 03/01/50 *(a)* | 50000 | 34580 |
| **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** |
| 3.50%, 03/01/29 *(a)* | 100000 | 98998 |
| 1.75%, 08/15/31 *(a)* | 100000 | 88611 |
| 4.20%, 03/01/49 *(a)* | 100000 | 85017 |
| 2.80%, 08/15/61 *(a)* | 100000 | 58636 |
| **RTX Corp.** | **RTX Corp.** | **RTX Corp.** |
| 3.50%, 03/15/27 *(a)* | 200000 | 199428 |
| 3.13%, 05/04/27 *(a)* | 200000 | 198488 |
| 7.20%, 08/15/27  | 75000 | 78585 |
| 4.13%, 11/16/28 *(a)* | 550000 | 553393 |
| 5.75%, 01/15/29 *(a)* | 100000 | 105095 |
| 7.50%, 09/15/29  | 100000 | 111760 |
| 2.25%, 07/01/30 *(a)* | 150000 | 139839 |
| 6.00%, 03/15/31 *(a)* | 175000 | 189950 |
| 1.90%, 09/01/31 *(a)* | 200000 | 178008 |
| 2.38%, 03/15/32 *(a)* | 200000 | 180432 |
| 5.15%, 02/27/33 *(a)* | 200000 | 209422 |
| 6.10%, 03/15/34 *(a)* | 275000 | 304197 |
| 5.40%, 05/01/35  | 75000 | 80010 |
| 6.05%, 06/01/36  | 100000 | 111109 |
| 6.13%, 07/15/38  | 100000 | 111307 |
| 4.45%, 11/16/38 *(a)* | 175000 | 167020 |
| 5.70%, 04/15/40  | 100000 | 106616 |
| 4.88%, 10/15/40 *(e)* | 75000 | 73855 |
| 4.70%, 12/15/41  | 100000 | 95217 |
| 4.50%, 06/01/42  | 675000 | 622012 |
| 4.80%, 12/15/43 *(a)* | 50000 | 47010 |
| 4.15%, 05/15/45 *(a)* | 175000 | 149481 |
| 3.75%, 11/01/46 *(a)* | 175000 | 139132 |
| 4.35%, 04/15/47 *(a)* | 150000 | 130127 |
| 4.05%, 05/04/47 *(a)* | 100000 | 82810 |
| 4.63%, 11/16/48 *(a)* | 300000 | 268020 |
| 3.13%, 07/01/50 *(a)* | 200000 | 137894 |
| 2.82%, 09/01/51 *(a)* | 200000 | 128084 |
| 3.03%, 03/15/52 *(a)* | 200000 | 133192 |
| 5.38%, 02/27/53 *(a)* | 250000 | 244537 |
| 6.40%, 03/15/54 *(a)* | 375000 | 419550 |
| **Snap-on, Inc.** | **Snap-on, Inc.** | **Snap-on, Inc.** |
| 4.10%, 03/01/48 *(a)* | 100000 | 83302 |
| 3.10%, 05/01/50 *(a)* | 100000 | 69080 |
| **Sonoco Products Co.** | **Sonoco Products Co.** | **Sonoco Products Co.** |
| 4.60%, 09/01/29 *(a)* | 100000 | 101425 |
| 3.13%, 05/01/30 *(a)* | 100000 | 95632 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**33**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.85%, 02/01/32 *(a)* | 100000 | 91835 |
| 5.00%, 09/01/34 *(a)* | 150000 | 151422 |
| 5.75%, 11/01/40 *(a)* | 100000 | 103815 |
| **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** |
| 4.60%, 06/15/28 *(a)* | 125000 | 126181 |
| **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** |
| 6.00%, 03/06/28 *(a)* | 100000 | 103819 |
| 4.25%, 11/15/28 *(a)* | 75000 | 75374 |
| 2.30%, 03/15/30 *(a)* | 200000 | 185542 |
| 3.00%, 05/15/32 *(a)* | 75000 | 69023 |
| 5.20%, 09/01/40  | 100000 | 98275 |
| 4.85%, 11/15/48 *(a)* | 75000 | 66810 |
| 2.75%, 11/15/50 *(a)* | 100000 | 60661 |
| **Textron, Inc.** | **Textron, Inc.** | **Textron, Inc.** |
| 3.38%, 03/01/28 *(a)* | 100000 | 99018 |
| 3.90%, 09/17/29 *(a)* | 75000 | 74630 |
| 3.00%, 06/01/30 *(a)* | 100000 | 95788 |
| 2.45%, 03/15/31 *(a)* | 150000 | 137670 |
| 6.10%, 11/15/33 *(a)* | 75000 | 82139 |
| 5.50%, 05/15/35 *(a)* | 75000 | 78956 |
| 4.95%, 03/15/36 *(a)* | 100000 | 100652 |
| **Timken Co.** | **Timken Co.** | **Timken Co.** |
| 4.50%, 12/15/28 *(a)* | 100000 | 100955 |
| 4.13%, 04/01/32 *(a)* | 100000 | 97541 |
| **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** |
| 3.80%, 03/21/29 *(a)* | 100000 | 100061 |
| 5.25%, 03/03/33 *(a)* | 200000 | 210614 |
| 5.10%, 06/13/34 *(a)* | 100000 | 104348 |
| 4.50%, 03/21/49 *(a)* | 75000 | 66290 |
| **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** |
| 3.75%, 08/21/28 *(a)* | 100000 | 100239 |
| 5.75%, 06/15/43  | 100000 | 106588 |
| 4.30%, 02/21/48 *(a)* | 75000 | 65260 |
| **Tyco Electronics Group SA** | **Tyco Electronics Group SA** | **Tyco Electronics Group SA** |
| 3.13%, 08/15/27 *(a)* | 100000 | 99280 |
| 4.50%, 02/09/31 *(a)* | 100000 | 101801 |
| 2.50%, 02/04/32 *(a)* | 100000 | 91071 |
| 5.00%, 05/09/35 *(a)* | 100000 | 102560 |
| 4.88%, 02/09/36 *(a)* | 100000 | 101632 |
| 7.13%, 10/01/37  | 100000 | 119572 |
| **Valmont Industries, Inc.** | **Valmont Industries, Inc.** | **Valmont Industries, Inc.** |
| 5.00%, 10/01/44 *(a)* | 100000 | 93202 |
| 5.25%, 10/01/54 *(a)* | 75000 | 72355 |
| **Veralto Corp.** | **Veralto Corp.** | **Veralto Corp.** |
| 5.35%, 09/18/28 *(a)* | 100000 | 103286 |
| 5.45%, 09/18/33 *(a)* | 175000 | 184497 |
| **Vertiv Holdings Co.** | **Vertiv Holdings Co.** | **Vertiv Holdings Co.** |
| 4.85%, 03/15/36 *(a)* | 200000 | 199340 |
| 5.65%, 03/15/46 *(a)* | 200000 | 198728 |
| **Vontier Corp.** | **Vontier Corp.** | **Vontier Corp.** |
| 2.40%, 04/01/28 *(a)* | 100000 | 96607 |
| 2.95%, 04/01/31 *(a)* | 100000 | 92941 |
| **Vulcan Materials Co.** | **Vulcan Materials Co.** | **Vulcan Materials Co.** |
| 3.90%, 04/01/27 *(a)* | 150000 | 150007 |
| 4.95%, 12/01/29 *(a)* | 100000 | 103136 |
| 3.50%, 06/01/30 *(a)* | 50000 | 48917 |
| 5.35%, 12/01/34 *(a)* | 125000 | 130503 |
| 4.50%, 06/15/47 *(a)* | 150000 | 130937 |
| 4.70%, 03/01/48 *(a)* | 100000 | 89671 |
| 5.70%, 12/01/54 *(a)* | 150000 | 151395 |
| **Waste Connections, Inc.** | **Waste Connections, Inc.** | **Waste Connections, Inc.** |
| 4.25%, 12/01/28 *(a)* | 100000 | 100960 |
| 3.50%, 05/01/29 *(a)* | 100000 | 99257 |
| 2.60%, 02/01/30 *(a)* | 150000 | 142934 |
| 2.20%, 01/15/32 *(a)* | 100000 | 89730 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.20%, 06/01/32 *(a)* | 100000 | 94445 |
| 4.20%, 01/15/33 *(a)* | 125000 | 123660 |
| 5.00%, 03/01/34 *(a)* | 150000 | 154945 |
| 3.05%, 04/01/50 *(a)* | 100000 | 69180 |
| 2.95%, 01/15/52 *(a)* | 200000 | 132466 |
| **Waste Management, Inc.** | **Waste Management, Inc.** | **Waste Management, Inc.** |
| 4.95%, 07/03/27 *(a)* | 150000 | 152329 |
| 3.15%, 11/15/27 *(a)* | 200000 | 198384 |
| 1.15%, 03/15/28 *(a)* | 100000 | 95038 |
| 4.50%, 03/15/28 *(a)* | 150000 | 152287 |
| 3.88%, 01/15/29 *(a)* | 100000 | 100237 |
| 4.88%, 02/15/29 *(a)* | 150000 | 154449 |
| 2.00%, 06/01/29 *(a)* | 75000 | 70835 |
| 4.63%, 02/15/30 *(a)* | 150000 | 153640 |
| 4.65%, 03/15/30 *(a)* | 125000 | 128311 |
| 1.50%, 03/15/31 *(a)* | 150000 | 132902 |
| 4.95%, 07/03/31 *(a)* | 125000 | 130449 |
| 4.80%, 03/15/32 *(a)* | 125000 | 129401 |
| 4.15%, 04/15/32 *(a)* | 200000 | 200342 |
| 4.63%, 02/15/33 *(a)* | 100000 | 102437 |
| 4.88%, 02/15/34 *(a)* | 250000 | 258950 |
| 4.95%, 03/15/35 *(a)* | 250000 | 257122 |
| 2.95%, 06/01/41 *(a)* | 75000 | 58340 |
| 4.10%, 03/01/45 *(a)* | 112000 | 97443 |
| 4.15%, 07/15/49 *(a)* | 100000 | 85321 |
| 2.50%, 11/15/50 *(a)* | 100000 | 61992 |
| 5.35%, 10/15/54 *(a)* | 275000 | 271565 |
| **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** |
| 4.70%, 09/15/28 *(a)(g)* | 250000 | 253980 |
| 4.90%, 05/29/30 *(a)* | 100000 | 103048 |
| 5.61%, 03/11/34 *(a)* | 75000 | 79626 |
| 5.50%, 05/29/35 *(a)* | 100000 | 105289 |
| **WW Grainger, Inc.** | **WW Grainger, Inc.** | **WW Grainger, Inc.** |
| 4.45%, 09/15/34 *(a)* | 100000 | 100381 |
| 4.60%, 06/15/45 *(a)* | 100000 | 92538 |
| 4.20%, 05/15/47 *(a)* | 200000 | 173140 |
| **Xylem, Inc.** | **Xylem, Inc.** | **Xylem, Inc.** |
| 1.95%, 01/30/28 *(a)* | 100000 | 96569 |
| 2.25%, 01/30/31 *(a)* | 150000 | 137211 |
| 4.38%, 11/01/46 *(a)* | 50000 | 43838 |
|  |  | **76564662** |
| ***Communications 1.8%***  | ***Communications 1.8%***  | ***Communications 1.8%***  |
| **America Movil SAB de CV** | **America Movil SAB de CV** | **America Movil SAB de CV** |
| 3.63%, 04/22/29 *(a)* | 200000 | 197318 |
| 2.88%, 05/07/30 *(a)* | 200000 | 190064 |
| 4.70%, 07/21/32 *(a)* | 200000 | 203156 |
| 5.00%, 01/20/33 *(a)* | 200000 | 206620 |
| 6.38%, 03/01/35  | 200000 | 224530 |
| 6.13%, 03/30/40  | 430000 | 468033 |
| 4.38%, 07/16/42  | 200000 | 178838 |
| 4.38%, 04/22/49 *(a)* | 200000 | 171840 |
| **American Tower Corp.** | **American Tower Corp.** | **American Tower Corp.** |
| 3.65%, 03/15/27 *(a)* | 150000 | 149526 |
| 3.55%, 07/15/27 *(a)* | 175000 | 174062 |
| 3.60%, 01/15/28 *(a)* | 100000 | 99309 |
| 1.50%, 01/31/28 *(a)* | 100000 | 95608 |
| 5.50%, 03/15/28 *(a)* | 100000 | 102837 |
| 5.25%, 07/15/28 *(a)* | 100000 | 102848 |
| 5.80%, 11/15/28 *(a)* | 150000 | 156720 |
| 5.20%, 02/15/29 *(a)* | 175000 | 180686 |
| 3.95%, 03/15/29 *(a)* | 100000 | 99696 |
| 3.80%, 08/15/29 *(a)* | 350000 | 346857 |
| 2.90%, 01/15/30 *(a)* | 150000 | 143393 |
| 5.00%, 01/31/30 *(a)* | 100000 | 103038 |
| 4.90%, 03/15/30 *(a)* | 100000 | 102812 |

---

*See financial notes*

**34**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.10%, 06/15/30 *(a)* | 100000 | 91831 |
| 1.88%, 10/15/30 *(a)* | 150000 | 135416 |
| 2.70%, 04/15/31 *(a)* | 100000 | 92906 |
| 2.30%, 09/15/31 *(a)* | 100000 | 90036 |
| 4.05%, 03/15/32 *(a)* | 150000 | 147770 |
| 4.70%, 12/15/32 *(a)* | 150000 | 151641 |
| 5.65%, 03/15/33 *(a)* | 150000 | 159444 |
| 5.55%, 07/15/33 *(a)* | 200000 | 211294 |
| 5.90%, 11/15/33 *(a)* | 150000 | 161943 |
| 5.45%, 02/15/34 *(a)* | 175000 | 183286 |
| 5.40%, 01/31/35 *(a)* | 100000 | 104093 |
| 5.35%, 03/15/35 *(a)* | 150000 | 155750 |
| 3.70%, 10/15/49 *(a)* | 100000 | 75808 |
| 3.10%, 06/15/50 *(a)* | 200000 | 134500 |
| 2.95%, 01/15/51 *(a)* | 200000 | 129368 |
| **AppLovin Corp.** | **AppLovin Corp.** | **AppLovin Corp.** |
| 5.13%, 12/01/29 *(a)* | 200000 | 204316 |
| 5.38%, 12/01/31 *(a)* | 200000 | 206108 |
| 5.50%, 12/01/34 *(a)* | 150000 | 152921 |
| 5.95%, 12/01/54 *(a)* | 100000 | 96157 |
| **AT&T, Inc.** | **AT&T, Inc.** | **AT&T, Inc.** |
| 4.25%, 03/01/27 *(a)* | 300000 | 300777 |
| 2.30%, 06/01/27 *(a)* | 500000 | 490510 |
| 1.65%, 02/01/28 *(a)* | 400000 | 383676 |
| 4.10%, 02/15/28 *(a)* | 327000 | 328092 |
| 4.35%, 03/01/29 *(a)* | 575000 | 581538 |
| 4.30%, 02/15/30 *(a)* | 547000 | 552087 |
| 4.70%, 08/15/30 *(a)* | 250000 | 256430 |
| 4.40%, 04/30/31 *(a)* | 575000 | 580342 |
| 2.75%, 06/01/31 *(a)* | 550000 | 512572 |
| 2.25%, 02/01/32 *(a)* | 450000 | 402115 |
| 4.55%, 11/01/32 *(a)* | 200000 | 201316 |
| 4.75%, 04/30/33 *(a)* | 250000 | 253580 |
| 2.55%, 12/01/33 *(a)* | 707000 | 612806 |
| 5.40%, 02/15/34 *(a)* | 500000 | 524085 |
| 4.50%, 05/15/35 *(a)* | 475000 | 463296 |
| 5.38%, 08/15/35 *(a)* | 200000 | 207722 |
| 4.90%, 11/01/35 *(a)* | 220000 | 220592 |
| 5.13%, 04/30/36 *(a)* | 500000 | 507310 |
| 5.25%, 03/01/37 *(a)* | 175000 | 179037 |
| 4.90%, 08/15/37 *(a)* | 150000 | 148197 |
| 6.30%, 01/15/38  | 100000 | 109913 |
| 6.55%, 02/15/39  | 75000 | 84038 |
| 4.85%, 03/01/39 *(a)* | 200000 | 192656 |
| 6.00%, 08/15/40 *(a)* | 50000 | 53031 |
| 5.35%, 09/01/40  | 150000 | 149588 |
| 6.38%, 03/01/41  | 100000 | 108836 |
| 3.50%, 06/01/41 *(a)* | 450000 | 361917 |
| 5.55%, 08/15/41  | 75000 | 75308 |
| 5.15%, 03/15/42  | 50000 | 48289 |
| 4.30%, 12/15/42 *(a)* | 275000 | 237372 |
| 3.10%, 02/01/43 *(a)* | 100000 | 74745 |
| 4.65%, 06/01/44 *(a)* | 100000 | 88785 |
| 4.80%, 06/15/44 *(a)* | 100000 | 89932 |
| 4.35%, 06/15/45 *(a)* | 200000 | 168484 |
| 4.85%, 07/15/45 *(a)* | 100000 | 90586 |
| 5.55%, 11/01/45 *(a)* | 190000 | 187055 |
| 4.75%, 05/15/46 *(a)* | 375000 | 329977 |
| 5.15%, 11/15/46 *(a)* | 150000 | 139581 |
| 5.65%, 02/15/47 *(a)* | 150000 | 152309 |
| 5.45%, 03/01/47 *(a)* | 75000 | 72244 |
| 4.50%, 03/09/48 *(a)* | 350000 | 293653 |
| 4.55%, 03/09/49 *(a)* | 200000 | 167946 |
| 5.15%, 02/15/50 *(a)* | 100000 | 91058 |
| 3.65%, 06/01/51 *(a)* | 550000 | 394064 |
| 3.30%, 02/01/52 *(a)* | 200000 | 132386 |
| 3.50%, 09/15/53 *(a)* | 1385000 | 944764 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.70%, 11/01/54 *(a)* | 260000 | 252629 |
| 3.55%, 09/15/55 *(a)* | 1423000 | 963898 |
| 6.00%, 04/30/56 *(a)* | 320000 | 322970 |
| 6.05%, 08/15/56 *(a)* | 250000 | 254547 |
| 5.70%, 03/01/57 *(a)* | 75000 | 73305 |
| 3.80%, 12/01/57 *(a)* | 1086000 | 762405 |
| 3.65%, 09/15/59 *(a)* | 1199000 | 807455 |
| 3.85%, 06/01/60 *(a)* | 275000 | 192261 |
| 3.50%, 02/01/61 *(a)* | 100000 | 64885 |
| **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** |
| 2.15%, 02/15/32 *(a)* | 100000 | 88201 |
| 5.10%, 05/11/33 *(a)* | 175000 | 180070 |
| 5.20%, 02/15/34 *(a)* | 150000 | 154598 |
| 4.46%, 04/01/48 *(a)* | 200000 | 169770 |
| 4.30%, 07/29/49 *(a)* | 100000 | 82443 |
| 3.65%, 03/17/51 *(a)* | 100000 | 74163 |
| 3.20%, 02/15/52 *(a)* | 85000 | 57441 |
| 3.65%, 08/15/52 *(a)* | 75000 | 54646 |
| 5.55%, 02/15/54 *(a)* | 150000 | 147317 |
| **British Telecommunications PLC** | **British Telecommunications PLC** | **British Telecommunications PLC** |
| 5.13%, 12/04/28 *(a)* | 250000 | 256767 |
| 9.63%, 12/15/30 *(g)* | 450000 | 550602 |
| **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** |
| 3.75%, 02/15/28 *(a)* | 200000 | 198244 |
| 4.20%, 03/15/28 *(a)* | 300000 | 299763 |
| 2.25%, 01/15/29 *(a)* | 200000 | 188820 |
| 5.05%, 03/30/29 *(a)* | 200000 | 203108 |
| 6.10%, 06/01/29 *(a)* | 250000 | 262030 |
| 2.80%, 04/01/31 *(a)* | 300000 | 272832 |
| 2.30%, 02/01/32 *(a)* | 200000 | 174556 |
| 4.40%, 04/01/33 *(a)* | 150000 | 142922 |
| 6.65%, 02/01/34 *(a)* | 150000 | 159447 |
| 6.55%, 06/01/34 *(a)* | 300000 | 319092 |
| 6.38%, 10/23/35 *(a)* | 430000 | 449290 |
| 5.85%, 12/01/35 *(a)* | 200000 | 201498 |
| 5.38%, 04/01/38 *(a)* | 150000 | 139359 |
| 3.50%, 06/01/41 *(a)* | 300000 | 216786 |
| 3.50%, 03/01/42 *(a)* | 250000 | 176907 |
| 6.48%, 10/23/45 *(a)* | 700000 | 666589 |
| 5.38%, 05/01/47 *(a)* | 450000 | 375970 |
| 5.75%, 04/01/48 *(a)* | 450000 | 391801 |
| 5.13%, 07/01/49 *(a)* | 250000 | 198775 |
| 4.80%, 03/01/50 *(a)* | 500000 | 381895 |
| 3.70%, 04/01/51 *(a)* | 375000 | 243649 |
| 3.90%, 06/01/52 *(a)* | 475000 | 312930 |
| 5.25%, 04/01/53 *(a)* | 250000 | 202127 |
| 6.83%, 10/23/55 *(a)* | 100000 | 98382 |
| 6.70%, 12/01/55 *(a)* | 150000 | 146385 |
| 3.85%, 04/01/61 *(a)* | 335000 | 203114 |
| 4.40%, 12/01/61 *(a)* | 250000 | 167612 |
| 3.95%, 06/30/62 *(a)* | 250000 | 152980 |
| 5.50%, 04/01/63 *(a)* | 200000 | 159622 |
| **Comcast Corp.** | **Comcast Corp.** | **Comcast Corp.** |
| 3.30%, 04/01/27 *(a)* | 100000 | 99491 |
| 3.15%, 02/15/28 *(a)* | 250000 | 247187 |
| 3.55%, 05/01/28 *(a)* | 150000 | 149274 |
| 4.15%, 10/15/28 *(a)* | 575000 | 579370 |
| 4.55%, 01/15/29 *(a)* | 150000 | 153026 |
| 5.10%, 06/01/29 *(a)* | 100000 | 103775 |
| 2.65%, 02/01/30 *(a)* | 300000 | 285489 |
| 3.40%, 04/01/30 *(a)* | 250000 | 244510 |
| 4.25%, 10/15/30 *(a)* | 300000 | 302682 |
| 1.95%, 01/15/31 *(a)* | 300000 | 271263 |
| 1.50%, 02/15/31 *(a)* | 350000 | 309008 |
| 4.95%, 05/15/32 *(a)* | 100000 | 103455 |
| 5.50%, 11/15/32 *(a)* | 200000 | 213586 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**35**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.25%, 01/15/33  | 325000 | 321808 |
| 4.65%, 02/15/33 *(a)* | 200000 | 203224 |
| 7.05%, 03/15/33  | 150000 | 173317 |
| 4.80%, 05/15/33 *(a)* | 200000 | 204096 |
| 5.30%, 06/01/34 *(a)* | 250000 | 261145 |
| 4.20%, 08/15/34 *(a)* | 200000 | 194104 |
| 5.30%, 05/15/35 *(a)(c)* | 150000 | 156982 |
| 5.65%, 06/15/35  | 150000 | 159958 |
| 4.40%, 08/15/35 *(a)* | 150000 | 145652 |
| 6.50%, 11/15/35  | 145000 | 163527 |
| 3.20%, 07/15/36 *(a)* | 175000 | 152016 |
| 5.17%, 01/15/37 *(a)(e)* | 311000 | 313267 |
| 6.45%, 03/15/37  | 100000 | 112017 |
| 6.95%, 08/15/37  | 100000 | 115993 |
| 3.90%, 03/01/38 *(a)* | 250000 | 222420 |
| 4.60%, 10/15/38 *(a)* | 200000 | 189104 |
| 6.55%, 07/01/39  | 50000 | 55897 |
| 3.25%, 11/01/39 *(a)* | 275000 | 219571 |
| 3.75%, 04/01/40 *(a)* | 275000 | 232339 |
| 4.65%, 07/15/42  | 100000 | 89860 |
| 4.75%, 03/01/44  | 150000 | 134322 |
| 4.60%, 08/15/45 *(a)* | 175000 | 152903 |
| 3.40%, 07/15/46 *(a)* | 275000 | 196606 |
| 4.00%, 08/15/47 *(a)* | 150000 | 116528 |
| 3.97%, 11/01/47 *(a)* | 375000 | 288495 |
| 4.00%, 03/01/48 *(a)* | 200000 | 154510 |
| 4.70%, 10/15/48 *(a)* | 375000 | 320820 |
| 4.00%, 11/01/49 *(a)* | 350000 | 265058 |
| 3.45%, 02/01/50 *(a)* | 300000 | 206196 |
| 2.80%, 01/15/51 *(a)* | 300000 | 179049 |
| 2.89%, 11/01/51 *(a)* | 919000 | 555434 |
| 2.45%, 08/15/52 *(a)* | 300000 | 163605 |
| 4.05%, 11/01/52 *(a)* | 202000 | 152066 |
| 5.35%, 05/15/53 *(a)* | 275000 | 253511 |
| 5.65%, 06/01/54 *(a)* | 200000 | 193074 |
| 6.05%, 05/15/55 *(a)(c)* | 200000 | 204954 |
| 2.94%, 11/01/56 *(a)* | 1076000 | 627685 |
| 4.95%, 10/15/58 *(a)* | 175000 | 150033 |
| 2.65%, 08/15/62 *(a)* | 200000 | 104182 |
| 2.99%, 11/01/63 *(a)* | 714000 | 398098 |
| 5.50%, 05/15/64 *(a)* | 250000 | 230482 |
| **Crown Castle, Inc.** | **Crown Castle, Inc.** | **Crown Castle, Inc.** |
| 4.00%, 03/01/27 *(a)* | 100000 | 99991 |
| 2.90%, 03/15/27 *(a)* | 200000 | 197852 |
| 3.65%, 09/01/27 *(a)* | 200000 | 199114 |
| 5.00%, 01/11/28 *(a)* | 200000 | 203422 |
| 3.80%, 02/15/28 *(a)* | 150000 | 149409 |
| 4.80%, 09/01/28 *(a)* | 100000 | 101687 |
| 4.30%, 02/15/29 *(a)* | 100000 | 100444 |
| 4.90%, 09/01/29 *(a)* | 100000 | 101995 |
| 3.10%, 11/15/29 *(a)* | 100000 | 96047 |
| 3.30%, 07/01/30 *(a)* | 150000 | 143711 |
| 2.25%, 01/15/31 *(a)* | 200000 | 180846 |
| 2.10%, 04/01/31 *(a)* | 200000 | 178470 |
| 2.50%, 07/15/31 *(a)* | 150000 | 135693 |
| 5.10%, 05/01/33 *(a)* | 150000 | 153122 |
| 5.80%, 03/01/34 *(a)* | 200000 | 212150 |
| 5.20%, 09/01/34 *(a)* | 100000 | 102326 |
| 2.90%, 04/01/41 *(a)* | 250000 | 186170 |
| 4.75%, 05/15/47 *(a)* | 100000 | 88052 |
| 5.20%, 02/15/49 *(a)* | 50000 | 45883 |
| 4.00%, 11/15/49 *(a)* | 75000 | 57849 |
| 4.15%, 07/01/50 *(a)* | 50000 | 39779 |
| 3.25%, 01/15/51 *(a)* | 200000 | 134882 |
| **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** |
| 8.75%, 06/15/30 *(g)* | 600000 | 703860 |
| 9.25%, 06/01/32  | 150000 | 189099 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Electronic Arts, Inc.** | **Electronic Arts, Inc.** | **Electronic Arts, Inc.** |
| 1.85%, 02/15/31 *(a)* | 150000 | 141771 |
| 2.95%, 02/15/51 *(a)* | 125000 | 108691 |
| **Fox Corp.** | **Fox Corp.** | **Fox Corp.** |
| 4.71%, 01/25/29 *(a)* | 400000 | 406112 |
| 3.50%, 04/08/30 *(a)* | 100000 | 97491 |
| 6.50%, 10/13/33 *(a)* | 250000 | 274287 |
| 5.48%, 01/25/39 *(a)* | 200000 | 199170 |
| 5.58%, 01/25/49 *(a)* | 300000 | 285063 |
| **Koninklijke KPN NV** | **Koninklijke KPN NV** | **Koninklijke KPN NV** |
| 8.38%, 10/01/30  | 100000 | 117391 |
| **Meta Platforms, Inc.** | **Meta Platforms, Inc.** | **Meta Platforms, Inc.** |
| 3.50%, 08/15/27 *(a)* | 500000 | 499645 |
| 4.60%, 05/15/28 *(a)* | 250000 | 255002 |
| 4.30%, 08/15/29 *(a)* | 200000 | 203410 |
| 4.80%, 05/15/30 *(a)* | 200000 | 206776 |
| 4.20%, 11/15/30 *(a)* | 730000 | 737044 |
| 4.55%, 08/15/31 *(a)* | 200000 | 204898 |
| 3.85%, 08/15/32 *(a)* | 600000 | 588372 |
| 4.60%, 11/15/32 *(a)* | 740000 | 752617 |
| 4.95%, 05/15/33 *(a)* | 300000 | 310575 |
| 4.75%, 08/15/34 *(a)* | 450000 | 457564 |
| 4.88%, 11/15/35 *(a)* | 1190000 | 1201662 |
| 5.50%, 11/15/45 *(a)* | 820000 | 811128 |
| 4.45%, 08/15/52 *(a)* | 500000 | 410690 |
| 5.60%, 05/15/53 *(a)* | 450000 | 438309 |
| 5.40%, 08/15/54 *(a)* | 600000 | 566580 |
| 5.63%, 11/15/55 *(a)* | 1230000 | 1204945 |
| 4.65%, 08/15/62 *(a)* | 325000 | 264703 |
| 5.75%, 05/15/63 *(a)* | 350000 | 340728 |
| 5.55%, 08/15/64 *(a)* | 500000 | 471590 |
| 5.75%, 11/15/65 *(a)* | 885000 | 862194 |
| **NBCUniversal Media LLC** | **NBCUniversal Media LLC** | **NBCUniversal Media LLC** |
| 6.40%, 04/30/40  | 75000 | 82622 |
| 5.95%, 04/01/41  | 100000 | 104400 |
| 4.45%, 01/15/43  | 130000 | 112826 |
| **Netflix, Inc.** | **Netflix, Inc.** | **Netflix, Inc.** |
| 4.88%, 04/15/28  | 275000 | 281245 |
| 5.88%, 11/15/28  | 325000 | 341874 |
| 6.38%, 05/15/29  | 225000 | 241740 |
| 4.90%, 08/15/34 *(a)* | 150000 | 154743 |
| 5.40%, 08/15/54 *(a)* | 150000 | 149150 |
| **Omnicom Group, Inc.** | **Omnicom Group, Inc.** | **Omnicom Group, Inc.** |
| 4.65%, 10/01/28 *(a)* | 100000 | 101143 |
| 4.75%, 03/30/30 *(a)* | 100000 | 101941 |
| 2.45%, 04/30/30 *(a)* | 100000 | 93156 |
| 4.20%, 06/01/30 *(a)* | 100000 | 99984 |
| 2.40%, 03/01/31 *(a)* | 100000 | 91226 |
| 2.60%, 08/01/31 *(a)* | 150000 | 136779 |
| 5.30%, 11/01/34 *(a)* | 100000 | 100923 |
| 3.38%, 03/01/41 *(a)* | 100000 | 76795 |
| 5.40%, 10/01/48 *(a)* | 100000 | 91573 |
| **Orange SA** | **Orange SA** | **Orange SA** |
| 9.00%, 03/01/31  | 475000 | 573453 |
| 5.38%, 01/13/42  | 150000 | 149345 |
| 5.50%, 02/06/44 *(a)* | 150000 | 152043 |
| **Paramount Global** | **Paramount Global** | **Paramount Global** |
| 3.38%, 02/15/28 *(a)* | 150000 | 144921 |
| 3.70%, 06/01/28 *(a)* | 100000 | 97184 |
| 4.20%, 06/01/29 *(a)* | 100000 | 96299 |
| 7.88%, 07/30/30  | 125000 | 131771 |
| 4.95%, 01/15/31 *(a)* | 200000 | 187132 |
| 4.20%, 05/19/32 *(a)* | 150000 | 132158 |
| 5.50%, 05/15/33  | 100000 | 90366 |
| 6.88%, 04/30/36  | 200000 | 181790 |
| 5.90%, 10/15/40 *(a)* | 50000 | 41111 |

---

*See financial notes*

**36**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.85%, 07/01/42 *(a)* | 75000 | 51454 |
| 4.38%, 03/15/43  | 250000 | 156932 |
| 5.85%, 09/01/43 *(a)* | 250000 | 186125 |
| 5.25%, 04/01/44 *(a)* | 100000 | 68616 |
| 4.90%, 08/15/44 *(a)* | 95000 | 61111 |
| 4.60%, 01/15/45 *(a)* | 130000 | 82432 |
| 4.95%, 05/19/50 *(a)* | 200000 | 126464 |
| **Rogers Communications, Inc.** | **Rogers Communications, Inc.** | **Rogers Communications, Inc.** |
| 3.20%, 03/15/27 *(a)* | 250000 | 248162 |
| 5.00%, 02/15/29 *(a)* | 200000 | 204626 |
| 3.80%, 03/15/32 *(a)* | 400000 | 382552 |
| 5.30%, 02/15/34 *(a)* | 200000 | 204378 |
| 7.50%, 08/15/38  | 50000 | 58762 |
| 4.50%, 03/15/42 *(a)* | 150000 | 131106 |
| 4.50%, 03/15/43 *(a)* | 75000 | 64721 |
| 5.45%, 10/01/43 *(a)* | 150000 | 144035 |
| 5.00%, 03/15/44 *(a)* | 150000 | 136746 |
| 4.30%, 02/15/48 *(a)* | 100000 | 81916 |
| 4.35%, 05/01/49 *(a)* | 100000 | 81807 |
| 3.70%, 11/15/49 *(a)* | 100000 | 75696 |
| 4.55%, 03/15/52 *(a)* | 350000 | 286860 |
| **Sprint Capital Corp.** | **Sprint Capital Corp.** | **Sprint Capital Corp.** |
| 6.88%, 11/15/28  | 450000 | 483327 |
| 8.75%, 03/15/32  | 375000 | 458126 |
| **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** |
| 3.70%, 04/14/27 *(a)* | 100000 | 99750 |
| 4.95%, 03/28/28 *(a)* | 150000 | 152627 |
| 5.40%, 06/12/29 *(a)* | 75000 | 77759 |
| 4.00%, 04/14/32 *(a)* | 50000 | 48790 |
| 5.60%, 06/12/34 *(a)* | 75000 | 78139 |
| **TCI Communications, Inc.** | **TCI Communications, Inc.** | **TCI Communications, Inc.** |
| 7.13%, 02/15/28  | 30000 | 31853 |
| **Telefonica Emisiones SA** | **Telefonica Emisiones SA** | **Telefonica Emisiones SA** |
| 4.10%, 03/08/27  | 300000 | 300312 |
| 7.05%, 06/20/36  | 365000 | 413264 |
| 4.67%, 03/06/38  | 150000 | 139595 |
| 5.21%, 03/08/47  | 450000 | 404649 |
| 4.90%, 03/06/48  | 150000 | 129104 |
| 5.52%, 03/01/49 *(a)* | 300000 | 280065 |
| **Telefonica Europe BV** | **Telefonica Europe BV** | **Telefonica Europe BV** |
| 8.25%, 09/15/30  | 250000 | 288802 |
| **TELUS Corp.** | **TELUS Corp.** | **TELUS Corp.** |
| 3.70%, 09/15/27 *(a)* | 150000 | 149229 |
| 3.40%, 05/13/32 *(a)* | 150000 | 140267 |
| 4.60%, 11/16/48 *(a)* | 100000 | 87238 |
| 4.30%, 06/15/49 *(a)* | 75000 | 62224 |
| **Time Warner Cable Enterprises LLC** | **Time Warner Cable Enterprises LLC** | **Time Warner Cable Enterprises LLC** |
| 8.38%, 07/15/33  | 200000 | 234466 |
| **Time Warner Cable LLC** | **Time Warner Cable LLC** | **Time Warner Cable LLC** |
| 6.55%, 05/01/37  | 275000 | 283926 |
| 7.30%, 07/01/38  | 300000 | 325179 |
| 6.75%, 06/15/39  | 250000 | 256570 |
| 5.88%, 11/15/40 *(a)* | 224000 | 210607 |
| 5.50%, 09/01/41 *(a)* | 250000 | 224115 |
| 4.50%, 09/15/42 *(a)* | 250000 | 197892 |
| **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** |
| 3.75%, 04/15/27 *(a)* | 725000 | 724181 |
| 2.05%, 02/15/28 *(a)* | 300000 | 289779 |
| 4.95%, 03/15/28 *(a)* | 150000 | 153060 |
| 4.80%, 07/15/28 *(a)* | 150000 | 152981 |
| 4.85%, 01/15/29 *(a)* | 200000 | 204922 |
| 2.63%, 02/15/29 *(a)* | 250000 | 240605 |
| 2.40%, 03/15/29 *(a)* | 100000 | 95546 |
| 3.38%, 04/15/29 *(a)* | 400000 | 392868 |
| 4.20%, 10/01/29 *(a)* | 150000 | 151185 |
| 3.88%, 04/15/30 *(a)* | 1350000 | 1339713 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.55%, 02/15/31 *(a)* | 500000 | 462845 |
| 2.88%, 02/15/31 *(a)* | 200000 | 187896 |
| 3.50%, 04/15/31 *(a)* | 500000 | 482945 |
| 2.25%, 11/15/31 *(a)* | 200000 | 179648 |
| 2.70%, 03/15/32 *(a)* | 200000 | 182202 |
| 5.13%, 05/15/32 *(a)* | 200000 | 207724 |
| 4.63%, 01/15/33 *(a)* | 150000 | 151143 |
| 5.20%, 01/15/33 *(a)* | 200000 | 208176 |
| 5.05%, 07/15/33 *(a)* | 500000 | 515715 |
| 6.70%, 12/15/33  | 100000 | 113237 |
| 5.75%, 01/15/34 *(a)* | 175000 | 187211 |
| 5.15%, 04/15/34 *(a)* | 250000 | 258262 |
| 4.70%, 01/15/35 *(a)* | 200000 | 198878 |
| 5.30%, 05/15/35 *(a)* | 200000 | 207272 |
| 4.95%, 11/15/35 *(a)* | 175000 | 176715 |
| 5.00%, 02/15/36 *(a)* | 200000 | 201372 |
| 4.38%, 04/15/40 *(a)* | 350000 | 319886 |
| 3.00%, 02/15/41 *(a)* | 450000 | 342585 |
| 4.50%, 04/15/50 *(a)* | 550000 | 461741 |
| 3.30%, 02/15/51 *(a)* | 550000 | 374792 |
| 3.40%, 10/15/52 *(a)* | 500000 | 341625 |
| 5.65%, 01/15/53 *(a)* | 375000 | 367526 |
| 5.75%, 01/15/54 *(a)* | 250000 | 248307 |
| 6.00%, 06/15/54 *(a)* | 175000 | 179825 |
| 5.50%, 01/15/55 *(a)* | 150000 | 143276 |
| 5.25%, 06/15/55 *(a)* | 175000 | 161532 |
| 5.88%, 11/15/55 *(a)* | 250000 | 252672 |
| 5.70%, 01/15/56 *(a)* | 175000 | 172335 |
| 5.85%, 02/15/56 *(a)* | 150000 | 150599 |
| 3.60%, 11/15/60 *(a)* | 300000 | 202419 |
| 5.80%, 09/15/62 *(a)* | 150000 | 149973 |
| **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** |
| 2.95%, 06/15/27  | 200000 | 198378 |
| 7.00%, 03/01/32  | 100000 | 114708 |
| 4.38%, 08/16/41  | 100000 | 91581 |
| 4.13%, 12/01/41  | 150000 | 133236 |
| 3.70%, 12/01/42  | 75000 | 61949 |
| 4.13%, 06/01/44  | 175000 | 149788 |
| 3.00%, 07/30/46  | 100000 | 71156 |
| **Verizon Communications, Inc.** | **Verizon Communications, Inc.** | **Verizon Communications, Inc.** |
| 4.13%, 03/16/27  | 223000 | 223801 |
| 2.10%, 03/22/28 *(a)* | 400000 | 386476 |
| 4.33%, 09/21/28  | 500000 | 505360 |
| 3.88%, 02/08/29 *(a)* | 200000 | 200232 |
| 4.02%, 12/03/29 *(a)* | 600000 | 600846 |
| 3.15%, 03/22/30 *(a)* | 250000 | 242017 |
| 1.50%, 09/18/30 *(a)* | 250000 | 223457 |
| 1.68%, 10/30/30 *(a)* | 192000 | 172303 |
| 7.75%, 12/01/30  | 100000 | 115356 |
| 1.75%, 01/20/31 *(a)* | 400000 | 357772 |
| 2.55%, 03/21/31 *(a)* | 700000 | 647738 |
| 2.36%, 03/15/32 *(a)* | 838000 | 748409 |
| 4.75%, 01/15/33 *(a)* | 360000 | 365202 |
| 5.05%, 05/09/33 *(a)* | 175000 | 181533 |
| 4.50%, 08/10/33  | 400000 | 399240 |
| 6.40%, 09/15/33  | 100000 | 111926 |
| 4.40%, 11/01/34 *(a)* | 330000 | 323436 |
| 4.78%, 02/15/35 *(a)* | 430000 | 428405 |
| 5.25%, 04/02/35 *(a)* | 400000 | 411988 |
| 5.85%, 09/15/35  | 75000 | 81301 |
| 4.27%, 01/15/36  | 205000 | 194906 |
| 5.00%, 01/15/36 *(a)* | 410000 | 411980 |
| 5.25%, 03/16/37  | 200000 | 203774 |
| 5.40%, 07/02/37 *(a)* | 414000 | 425865 |
| 4.81%, 03/15/39  | 200000 | 193148 |
| 2.65%, 11/20/40 *(a)* | 575000 | 419635 |
| 3.40%, 03/22/41 *(a)* | 725000 | 577383 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**37**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.85%, 09/03/41 *(a)* | 250000 | 183342 |
| 4.75%, 11/01/41  | 75000 | 69710 |
| 3.85%, 11/01/42 *(a)* | 100000 | 82458 |
| 6.55%, 09/15/43  | 175000 | 195083 |
| 5.75%, 11/30/45 *(a)* | 270000 | 273027 |
| 4.13%, 08/15/46  | 200000 | 163890 |
| 4.86%, 08/21/46  | 500000 | 450595 |
| 5.50%, 03/16/47  | 100000 | 99006 |
| 4.52%, 09/15/48  | 250000 | 213047 |
| 5.01%, 04/15/49  | 175000 | 160039 |
| 4.00%, 03/22/50 *(a)* | 200000 | 157150 |
| 2.88%, 11/20/50 *(a)* | 500000 | 316585 |
| 3.55%, 03/22/51 *(a)* | 850000 | 616505 |
| 3.88%, 03/01/52 *(a)* | 225000 | 170048 |
| 5.50%, 02/23/54 *(a)* | 200000 | 195208 |
| 5.01%, 08/21/54  | 175000 | 156369 |
| 4.67%, 03/15/55  | 120000 | 101459 |
| 5.88%, 11/30/55 *(a)* | 590000 | 593375 |
| 2.99%, 10/30/56 *(a)* | 650000 | 396441 |
| 3.00%, 11/20/60 *(a)* | 350000 | 209317 |
| 3.70%, 03/22/61 *(a)* | 700000 | 484295 |
| 6.00%, 11/30/65 *(a)* | 370000 | 371769 |
| **Vodafone Group PLC** | **Vodafone Group PLC** | **Vodafone Group PLC** |
| 7.88%, 02/15/30  | 150000 | 171211 |
| 6.25%, 11/30/32  | 100000 | 110062 |
| 6.15%, 02/27/37  | 150000 | 165391 |
| 5.00%, 05/30/38  | 100000 | 100425 |
| 4.38%, 02/19/43  | 100000 | 87351 |
| 5.25%, 05/30/48  | 275000 | 259795 |
| 4.88%, 06/19/49  | 250000 | 223355 |
| 4.25%, 09/17/50  | 100000 | 80464 |
| 5.63%, 02/10/53 *(a)* | 150000 | 145880 |
| 5.75%, 06/28/54 *(a)* | 450000 | 443700 |
| 5.13%, 06/19/59  | 50000 | 45856 |
| 5.75%, 02/10/63 *(a)* | 100000 | 97068 |
| 5.88%, 06/28/64 *(a)* | 225000 | 222003 |
| **Walt Disney Co.** | **Walt Disney Co.** | **Walt Disney Co.** |
| 3.70%, 03/23/27  | 100000 | 100061 |
| 2.20%, 01/13/28  | 200000 | 195298 |
| 3.75%, 03/14/29  | 200000 | 200144 |
| 2.00%, 09/01/29 *(a)* | 350000 | 330092 |
| 3.80%, 03/22/30  | 200000 | 199882 |
| 2.65%, 01/13/31  | 450000 | 426244 |
| 4.00%, 03/14/31  | 275000 | 275671 |
| 6.55%, 03/15/33  | 100000 | 113968 |
| 6.20%, 12/15/34  | 150000 | 169797 |
| 6.40%, 12/15/35  | 180000 | 204876 |
| 4.63%, 03/14/36  | 200000 | 199482 |
| 6.15%, 03/01/37  | 50000 | 56095 |
| 6.65%, 11/15/37  | 200000 | 230946 |
| 4.63%, 03/23/40 *(a)* | 150000 | 145239 |
| 3.50%, 05/13/40 *(a)* | 350000 | 297080 |
| 6.15%, 02/15/41  | 100000 | 110285 |
| 5.40%, 10/01/43  | 125000 | 127683 |
| 4.75%, 09/15/44 *(a)* | 150000 | 139488 |
| 4.95%, 10/15/45 *(a)* | 100000 | 95094 |
| 7.75%, 12/01/45  | 75000 | 96476 |
| 4.75%, 11/15/46 *(a)* | 100000 | 91917 |
| 2.75%, 09/01/49 *(a)* | 350000 | 225732 |
| 4.70%, 03/23/50 *(a)* | 300000 | 270810 |
| 3.60%, 01/13/51 *(a)* | 550000 | 413627 |
| 3.80%, 05/13/60 *(a)* | 250000 | 185155 |
| **Weibo Corp.** | **Weibo Corp.** | **Weibo Corp.** |
| 3.38%, 07/08/30 *(a)* | 200000 | 192160 |
|  |  | **106706228** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Consumer Cyclical 1.7%***  | ***Consumer Cyclical 1.7%***  | ***Consumer Cyclical 1.7%***  |
| **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** |
| 3.40%, 12/06/27 *(a)* | 300000 | 298137 |
| 4.88%, 05/26/30 *(a)* | 250000 | 259692 |
| 2.13%, 02/09/31 *(a)* | 200000 | 183688 |
| 4.50%, 11/28/34 *(a)* | 200000 | 200494 |
| 5.25%, 05/26/35 *(a)* | 250000 | 263022 |
| 4.00%, 12/06/37 *(a)* | 200000 | 187060 |
| 2.70%, 02/09/41 *(a)* | 200000 | 152242 |
| 4.20%, 12/06/47 *(a)* | 200000 | 169646 |
| 3.15%, 02/09/51 *(a)* | 300000 | 207876 |
| 5.63%, 11/26/54 *(a)* | 200000 | 206026 |
| 4.40%, 12/06/57 *(a)* | 200000 | 169384 |
| 3.25%, 02/09/61 *(a)* | 400000 | 264612 |
| **Amazon.com, Inc.** | **Amazon.com, Inc.** | **Amazon.com, Inc.** |
| 3.30%, 04/13/27 *(a)* | 400000 | 398704 |
| 1.20%, 06/03/27 *(a)* | 200000 | 194170 |
| 3.15%, 08/22/27 *(a)* | 675000 | 671321 |
| 4.55%, 12/01/27 *(a)* | 400000 | 406424 |
| 1.65%, 05/12/28 *(a)* | 400000 | 383580 |
| 3.90%, 11/20/28 *(a)* | 460000 | 462608 |
| 3.45%, 04/13/29 *(a)* | 300000 | 297957 |
| 4.65%, 12/01/29 *(a)* | 300000 | 308877 |
| 1.50%, 06/03/30 *(a)* | 350000 | 317523 |
| 4.10%, 11/20/30 *(a)* | 460000 | 463468 |
| 2.10%, 05/12/31 *(a)* | 625000 | 569387 |
| 3.60%, 04/13/32 *(a)* | 450000 | 438268 |
| 4.70%, 12/01/32 *(a)* | 450000 | 465489 |
| 4.35%, 03/20/33 *(a)* | 270000 | 272244 |
| 4.80%, 12/05/34 *(a)* | 225000 | 233514 |
| 4.65%, 11/20/35 *(a)* | 640000 | 643386 |
| 3.88%, 08/22/37 *(a)* | 500000 | 463995 |
| 2.88%, 05/12/41 *(a)* | 425000 | 326421 |
| 4.95%, 12/05/44 *(a)* | 255000 | 247717 |
| 4.05%, 08/22/47 *(a)* | 650000 | 537946 |
| 2.50%, 06/03/50 *(a)* | 475000 | 287888 |
| 3.10%, 05/12/51 *(a)* | 650000 | 442325 |
| 3.95%, 04/13/52 *(a)* | 450000 | 356346 |
| 5.45%, 11/20/55 *(a)* | 550000 | 541689 |
| 4.25%, 08/22/57 *(a)* | 400000 | 322844 |
| 2.70%, 06/03/60 *(a)* | 375000 | 212355 |
| 3.25%, 05/12/61 *(a)* | 325000 | 209189 |
| 4.10%, 04/13/62 *(a)* | 225000 | 173828 |
| 5.55%, 11/20/65 *(a)* | 360000 | 352429 |
| **American Honda Finance Corp.** | **American Honda Finance Corp.** | **American Honda Finance Corp.** |
| 4.90%, 03/12/27  | 150000 | 151670 |
| 4.55%, 07/09/27  | 160000 | 161568 |
| 4.90%, 07/09/27  | 150000 | 152108 |
| 4.45%, 10/22/27  | 150000 | 151479 |
| 4.70%, 01/12/28  | 100000 | 101552 |
| 3.50%, 02/15/28  | 100000 | 99385 |
| 4.55%, 03/03/28  | 125000 | 126615 |
| 2.00%, 03/24/28  | 250000 | 240840 |
| 5.13%, 07/07/28  | 200000 | 205416 |
| 4.25%, 09/01/28  | 120000 | 120961 |
| 5.65%, 11/15/28  | 150000 | 156585 |
| 4.90%, 03/13/29  | 150000 | 153918 |
| 4.40%, 09/05/29  | 150000 | 152055 |
| 4.80%, 03/05/30  | 100000 | 102498 |
| 4.60%, 04/17/30  | 200000 | 203622 |
| 4.50%, 09/04/30  | 120000 | 121488 |
| 5.85%, 10/04/30  | 100000 | 106907 |
| 4.45%, 01/08/31  | 100000 | 101018 |
| 1.80%, 01/13/31  | 100000 | 89485 |
| 5.05%, 07/10/31  | 150000 | 155580 |
| 4.85%, 10/23/31  | 125000 | 128588 |
| 5.15%, 07/09/32  | 140000 | 145386 |

---

*See financial notes*

**38**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.90%, 01/10/34  | 150000 | 152412 |
| 5.20%, 03/05/35  | 100000 | 102416 |
| **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** |
| 3.25%, 03/01/32 *(a)* | 200000 | 189328 |
| 5.15%, 09/13/34 *(a)* | 200000 | 205402 |
| 4.40%, 10/01/46 *(a)* | 50000 | 41759 |
| 5.40%, 03/15/49 *(a)* | 100000 | 94322 |
| 3.10%, 12/01/51 *(a)* | 250000 | 163257 |
| 4.15%, 05/01/52 *(a)* | 200000 | 155714 |
| 5.75%, 09/13/54 *(a)* | 200000 | 195374 |
| **AutoNation, Inc.** | **AutoNation, Inc.** | **AutoNation, Inc.** |
| 3.80%, 11/15/27 *(a)* | 75000 | 74747 |
| 1.95%, 08/01/28 *(a)* | 75000 | 71432 |
| 4.45%, 01/15/29 *(a)* | 110000 | 110831 |
| 4.75%, 06/01/30 *(a)* | 100000 | 101477 |
| 2.40%, 08/01/31 *(a)* | 100000 | 89918 |
| 3.85%, 03/01/32 *(a)* | 150000 | 143207 |
| 5.89%, 03/15/35 *(a)* | 100000 | 104391 |
| **AutoZone, Inc.** | **AutoZone, Inc.** | **AutoZone, Inc.** |
| 3.75%, 06/01/27 *(a)* | 50000 | 49901 |
| 4.50%, 02/01/28 *(a)* | 100000 | 101062 |
| 6.25%, 11/01/28 *(a)* | 75000 | 79262 |
| 3.75%, 04/18/29 *(a)* | 150000 | 148895 |
| 5.10%, 07/15/29 *(a)* | 100000 | 103200 |
| 4.00%, 04/15/30 *(a)* | 150000 | 149402 |
| 1.65%, 01/15/31 *(a)* | 150000 | 133050 |
| 4.75%, 08/01/32 *(a)* | 150000 | 152342 |
| 4.75%, 02/01/33 *(a)* | 100000 | 101232 |
| 5.20%, 08/01/33 *(a)* | 75000 | 77882 |
| 6.55%, 11/01/33 *(a)* | 100000 | 111867 |
| 5.40%, 07/15/34 *(a)* | 125000 | 130585 |
| **Best Buy Co., Inc.** | **Best Buy Co., Inc.** | **Best Buy Co., Inc.** |
| 4.45%, 10/01/28 *(a)* | 100000 | 101108 |
| 1.95%, 10/01/30 *(a)* | 150000 | 135657 |
| **Block Financial LLC** | **Block Financial LLC** | **Block Financial LLC** |
| 3.88%, 08/15/30 *(a)* | 150000 | 142950 |
| 5.38%, 09/15/32 *(a)* | 100000 | 98414 |
| **Booking Holdings, Inc.** | **Booking Holdings, Inc.** | **Booking Holdings, Inc.** |
| 3.55%, 03/15/28 *(a)* | 100000 | 99388 |
| **BorgWarner, Inc.** | **BorgWarner, Inc.** | **BorgWarner, Inc.** |
| 2.65%, 07/01/27 *(a)* | 200000 | 196508 |
| 4.95%, 08/15/29 *(a)* | 75000 | 77058 |
| 5.40%, 08/15/34 *(a)* | 100000 | 104045 |
| 4.38%, 03/15/45 *(a)* | 100000 | 85495 |
| **California Endowment** | **California Endowment** | **California Endowment** |
| 2.50%, 04/01/51 *(a)* | 50000 | 30792 |
| **CBRE Services, Inc.** | **CBRE Services, Inc.** | **CBRE Services, Inc.** |
| 5.50%, 04/01/29 *(a)* | 100000 | 103883 |
| 4.80%, 06/15/30 *(a)* | 100000 | 101979 |
| 2.50%, 04/01/31 *(a)* | 100000 | 91432 |
| 4.90%, 01/15/33 *(a)* | 140000 | 141767 |
| 5.95%, 08/15/34 *(a)* | 150000 | 160455 |
| 5.50%, 06/15/35 *(a)* | 100000 | 103522 |
| **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** |
| 3.70%, 12/01/29 *(a)* | 100000 | 97804 |
| 3.70%, 01/15/31 *(a)* | 100000 | 96411 |
| 5.85%, 08/01/34 *(a)* | 100000 | 103738 |
| **Costco Wholesale Corp.** | **Costco Wholesale Corp.** | **Costco Wholesale Corp.** |
| 3.00%, 05/18/27 *(a)* | 300000 | 298146 |
| 1.38%, 06/20/27 *(a)* | 250000 | 242982 |
| 1.60%, 04/20/30 *(a)* | 200000 | 183248 |
| 1.75%, 04/20/32 *(a)* | 200000 | 175912 |
| **Cummins, Inc.** | **Cummins, Inc.** | **Cummins, Inc.** |
| 4.25%, 05/09/28 *(a)* | 100000 | 101090 |
| 4.90%, 02/20/29 *(a)* | 100000 | 103191 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.50%, 09/01/30 *(a)* | 150000 | 135428 |
| 4.70%, 02/15/31 *(a)* | 100000 | 102928 |
| 5.15%, 02/20/34 *(a)* | 150000 | 156781 |
| 5.30%, 05/09/35 *(a)* | 200000 | 210586 |
| 4.88%, 10/01/43 *(a)* | 50000 | 48633 |
| 2.60%, 09/01/50 *(a)* | 150000 | 93443 |
| 5.45%, 02/20/54 *(a)* | 150000 | 150165 |
| **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** |
| 3.85%, 05/01/27 *(a)* | 100000 | 99851 |
| 4.35%, 10/15/27 *(a)* | 75000 | 75450 |
| 6.30%, 10/10/33 *(a)* | 100000 | 109822 |
| 4.55%, 02/15/48 *(a)* | 50000 | 42164 |
| **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** |
| 4.00%, 10/01/29 *(a)(e)* | 70000 | 69300 |
| 3.15%, 01/15/32 *(a)* | 100000 | 92999 |
| 4.10%, 01/15/52 *(a)* | 150000 | 109385 |
| **Dollar General Corp.** | **Dollar General Corp.** | **Dollar General Corp.** |
| 4.13%, 05/01/28 *(a)* | 100000 | 100372 |
| 5.20%, 07/05/28 *(a)* | 100000 | 102667 |
| 3.50%, 04/03/30 *(a)* | 200000 | 194680 |
| 5.00%, 11/01/32 *(a)* | 150000 | 153909 |
| 5.45%, 07/05/33 *(a)* | 200000 | 209888 |
| 4.13%, 04/03/50 *(a)* | 100000 | 79370 |
| 5.50%, 11/01/52 *(a)* | 75000 | 73717 |
| **Dollar Tree, Inc.** | **Dollar Tree, Inc.** | **Dollar Tree, Inc.** |
| 4.20%, 05/15/28 *(a)* | 250000 | 250925 |
| 2.65%, 12/01/31 *(a)* | 100000 | 91455 |
| 3.38%, 12/01/51 *(a)* | 100000 | 67645 |
| **DR Horton, Inc.** | **DR Horton, Inc.** | **DR Horton, Inc.** |
| 1.40%, 10/15/27 *(a)* | 75000 | 72218 |
| 4.85%, 10/15/30 *(a)* | 100000 | 103150 |
| 5.00%, 10/15/34 *(a)* | 125000 | 128148 |
| 5.50%, 10/15/35 *(a)* | 125000 | 131556 |
| **eBay, Inc.** | **eBay, Inc.** | **eBay, Inc.** |
| 3.60%, 06/05/27 *(a)* | 150000 | 149483 |
| 4.25%, 03/06/29 *(a)* | 110000 | 110805 |
| 2.70%, 03/11/30 *(a)* | 200000 | 189644 |
| 2.60%, 05/10/31 *(a)* | 150000 | 138230 |
| 6.30%, 11/22/32 *(a)* | 150000 | 164923 |
| 5.13%, 11/06/35 *(a)* | 70000 | 70705 |
| 4.00%, 07/15/42 *(a)* | 150000 | 125351 |
| 3.65%, 05/10/51 *(a)* | 100000 | 74410 |
| **Expedia Group, Inc.** | **Expedia Group, Inc.** | **Expedia Group, Inc.** |
| 4.63%, 08/01/27 *(a)* | 100000 | 100699 |
| 3.80%, 02/15/28 *(a)* | 200000 | 199070 |
| 3.25%, 02/15/30 *(a)* | 200000 | 191950 |
| 2.95%, 03/15/31 *(a)* | 150000 | 139497 |
| 5.40%, 02/15/35 *(a)* | 175000 | 176760 |
| **Ford Foundation** | **Ford Foundation** | **Ford Foundation** |
| 2.42%, 06/01/50 *(a)* | 125000 | 78216 |
| **Ford Motor Co.** | **Ford Motor Co.** | **Ford Motor Co.** |
| 6.63%, 10/01/28  | 75000 | 79346 |
| 9.63%, 04/22/30 *(a)* | 100000 | 116858 |
| 7.45%, 07/16/31  | 175000 | 195520 |
| 3.25%, 02/12/32 *(a)* | 500000 | 450060 |
| 6.10%, 08/19/32 *(a)* | 300000 | 313989 |
| 4.75%, 01/15/43  | 400000 | 321968 |
| 7.40%, 11/01/46  | 50000 | 54705 |
| 5.29%, 12/08/46 *(a)* | 200000 | 171150 |
| **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** |
| 5.80%, 03/05/27 *(a)* | 200000 | 202726 |
| 5.85%, 05/17/27 *(a)* | 250000 | 254102 |
| 4.95%, 05/28/27 *(a)* | 245000 | 246803 |
| 4.13%, 08/17/27 *(a)* | 200000 | 199308 |
| 3.82%, 11/02/27 *(a)* | 200000 | 198392 |
| 7.35%, 11/04/27 *(a)* | 250000 | 260965 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**39**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.90%, 02/16/28 *(a)* | 200000 | 194104 |
| 5.92%, 03/20/28 *(a)* | 200000 | 205278 |
| 6.80%, 05/12/28 *(a)* | 250000 | 261525 |
| 6.80%, 11/07/28 *(a)* | 225000 | 237109 |
| 2.90%, 02/10/29 *(a)* | 200000 | 190364 |
| 5.80%, 03/08/29 *(a)* | 300000 | 309030 |
| 4.97%, 04/06/29 *(a)* | 300000 | 302013 |
| 5.11%, 05/03/29 *(a)* | 225000 | 227216 |
| 5.30%, 09/06/29 *(a)* | 200000 | 203072 |
| 5.88%, 11/07/29 *(a)* | 200000 | 206872 |
| 7.35%, 03/06/30 *(a)* | 200000 | 216738 |
| 7.20%, 06/10/30 *(a)* | 200000 | 215928 |
| 5.73%, 09/05/30 *(a)* | 200000 | 205824 |
| 4.00%, 11/13/30 *(a)* | 425000 | 407486 |
| 6.05%, 03/05/31 *(a)* | 200000 | 208148 |
| 3.63%, 06/17/31 *(a)* | 200000 | 186370 |
| 6.05%, 11/05/31 *(a)* | 200000 | 208052 |
| 6.53%, 03/19/32 *(a)* | 200000 | 212882 |
| 5.75%, 04/06/33 *(a)* | 200000 | 203870 |
| 7.12%, 11/07/33 *(a)* | 225000 | 245650 |
| 6.13%, 03/08/34 *(a)* | 400000 | 413736 |
| 6.50%, 02/07/35 *(a)* | 200000 | 209996 |
| 5.87%, 10/31/35 *(a)* | 200000 | 200832 |
| **General Motors Co.** | **General Motors Co.** | **General Motors Co.** |
| 4.20%, 10/01/27 *(a)* | 150000 | 150386 |
| 6.80%, 10/01/27 *(a)* | 200000 | 207462 |
| 5.35%, 04/15/28 *(a)* | 100000 | 102516 |
| 5.00%, 10/01/28 *(a)* | 150000 | 153055 |
| 5.40%, 10/15/29 *(a)* | 200000 | 207994 |
| 5.63%, 04/15/30 *(a)* | 100000 | 104893 |
| 5.60%, 10/15/32 *(a)* | 200000 | 210774 |
| 5.00%, 04/01/35  | 175000 | 173845 |
| 6.25%, 04/15/35 *(a)* | 100000 | 107385 |
| 6.60%, 04/01/36 *(a)* | 200000 | 219580 |
| 5.15%, 04/01/38 *(a)* | 175000 | 170774 |
| 6.25%, 10/02/43  | 250000 | 256592 |
| 5.20%, 04/01/45  | 250000 | 227927 |
| 6.75%, 04/01/46 *(a)* | 125000 | 135234 |
| 5.40%, 04/01/48 *(a)* | 150000 | 138314 |
| 5.95%, 04/01/49 *(a)* | 200000 | 197244 |
| **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** |
| 5.00%, 04/09/27 *(a)* | 150000 | 151559 |
| 5.40%, 05/08/27  | 250000 | 253955 |
| 5.00%, 07/15/27  | 200000 | 202628 |
| 5.35%, 07/15/27  | 175000 | 178026 |
| 2.70%, 08/20/27 *(a)* | 200000 | 196380 |
| 3.85%, 01/05/28 *(a)* | 150000 | 149582 |
| 6.00%, 01/09/28 *(a)* | 200000 | 206590 |
| 5.05%, 04/04/28  | 250000 | 254967 |
| 2.40%, 04/10/28 *(a)* | 175000 | 169346 |
| 5.80%, 06/23/28 *(a)* | 300000 | 310911 |
| 2.40%, 10/15/28 *(a)* | 250000 | 239590 |
| 4.20%, 10/27/28  | 200000 | 200790 |
| 5.80%, 01/07/29 *(a)* | 250000 | 261170 |
| 5.65%, 01/17/29 *(a)* | 100000 | 103759 |
| 4.30%, 04/06/29 *(a)* | 250000 | 251185 |
| 5.55%, 07/15/29 *(a)* | 200000 | 208272 |
| 4.90%, 10/06/29 *(a)* | 200000 | 204536 |
| 5.35%, 01/07/30 *(a)* | 200000 | 207616 |
| 5.85%, 04/06/30 *(a)* | 200000 | 211336 |
| 3.60%, 06/21/30 *(a)* | 200000 | 194384 |
| 5.45%, 07/15/30 *(a)* | 150000 | 156838 |
| 2.35%, 01/08/31 *(a)* | 200000 | 182138 |
| 4.60%, 01/08/31 *(a)* | 300000 | 302859 |
| 5.75%, 02/08/31 *(a)* | 200000 | 211248 |
| 2.70%, 06/10/31 *(a)* | 200000 | 183762 |
| 5.60%, 06/18/31 *(a)* | 150000 | 157642 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.10%, 01/12/32 *(a)* | 250000 | 231282 |
| 5.63%, 04/04/32 *(a)* | 150000 | 157735 |
| 6.40%, 01/09/33 *(a)* | 200000 | 217798 |
| 6.10%, 01/07/34 *(a)* | 250000 | 267952 |
| 5.95%, 04/04/34 *(a)* | 200000 | 212288 |
| 5.45%, 09/06/34 *(a)* | 150000 | 154086 |
| 5.90%, 01/07/35 *(a)* | 200000 | 210228 |
| 6.15%, 07/15/35 *(a)* | 150000 | 160542 |
| 5.45%, 01/08/36 *(a)* | 100000 | 101786 |
| **Genuine Parts Co.** | **Genuine Parts Co.** | **Genuine Parts Co.** |
| 6.50%, 11/01/28 *(a)* | 75000 | 78753 |
| 4.95%, 08/15/29 *(a)* | 150000 | 152006 |
| 1.88%, 11/01/30 *(a)* | 125000 | 110450 |
| 2.75%, 02/01/32 *(a)* | 75000 | 66572 |
| 6.88%, 11/01/33 *(a)* | 25000 | 27643 |
| **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** |
| 5.75%, 06/01/28 *(a)* | 100000 | 102563 |
| 5.30%, 01/15/29 *(a)* | 100000 | 102141 |
| 4.00%, 01/15/30 *(a)* | 100000 | 97731 |
| 4.00%, 01/15/31 *(a)* | 200000 | 192786 |
| 3.25%, 01/15/32 *(a)* | 100000 | 91397 |
| 5.25%, 02/15/33 *(a)* | 100000 | 101215 |
| 6.75%, 12/01/33 *(a)* | 75000 | 81368 |
| 5.63%, 09/15/34 *(a)* | 150000 | 152740 |
| 5.75%, 11/01/37 *(a)* | 150000 | 149450 |
| 6.25%, 09/15/54 *(a)* | 75000 | 75078 |
| **Harley-Davidson, Inc.** | **Harley-Davidson, Inc.** | **Harley-Davidson, Inc.** |
| 4.63%, 07/28/45 *(a)* | 75000 | 60254 |
| **Home Depot, Inc.** | **Home Depot, Inc.** | **Home Depot, Inc.** |
| 2.50%, 04/15/27 *(a)* | 200000 | 197544 |
| 2.88%, 04/15/27 *(a)* | 150000 | 148725 |
| 4.88%, 06/25/27 *(a)* | 150000 | 152274 |
| 2.80%, 09/14/27 *(a)* | 150000 | 148235 |
| 0.90%, 03/15/28 *(a)* | 75000 | 71083 |
| 1.50%, 09/15/28 *(a)* | 150000 | 142335 |
| 3.75%, 09/15/28 *(a)* | 90000 | 90456 |
| 3.90%, 12/06/28 *(a)* | 200000 | 201100 |
| 4.90%, 04/15/29 *(a)* | 150000 | 154840 |
| 2.95%, 06/15/29 *(a)* | 350000 | 340987 |
| 4.75%, 06/25/29 *(a)* | 200000 | 205954 |
| 2.70%, 04/15/30 *(a)* | 275000 | 262834 |
| 3.95%, 09/15/30 *(a)* | 90000 | 90390 |
| 1.38%, 03/15/31 *(a)* | 250000 | 220247 |
| 4.85%, 06/25/31 *(a)* | 225000 | 234612 |
| 1.88%, 09/15/31 *(a)* | 250000 | 223255 |
| 3.25%, 04/15/32 *(a)* | 250000 | 238590 |
| 4.50%, 09/15/32 *(a)* | 200000 | 204304 |
| 4.95%, 06/25/34 *(a)* | 300000 | 309978 |
| 4.65%, 09/15/35 *(a)* | 180000 | 180202 |
| 5.88%, 12/16/36  | 530000 | 579714 |
| 3.30%, 04/15/40 *(a)* | 200000 | 166056 |
| 5.40%, 09/15/40 *(a)* | 100000 | 103957 |
| 5.95%, 04/01/41 *(a)* | 200000 | 218098 |
| 4.20%, 04/01/43 *(a)* | 205000 | 180847 |
| 4.88%, 02/15/44 *(a)* | 195000 | 185505 |
| 4.40%, 03/15/45 *(a)* | 150000 | 132864 |
| 4.25%, 04/01/46 *(a)* | 300000 | 258483 |
| 3.90%, 06/15/47 *(a)* | 200000 | 161428 |
| 4.50%, 12/06/48 *(a)* | 300000 | 262875 |
| 3.13%, 12/15/49 *(a)* | 200000 | 138580 |
| 3.35%, 04/15/50 *(a)* | 250000 | 179485 |
| 2.38%, 03/15/51 *(a)* | 250000 | 145693 |
| 2.75%, 09/15/51 *(a)* | 150000 | 94509 |
| 3.63%, 04/15/52 *(a)* | 300000 | 223179 |
| 4.95%, 09/15/52 *(a)* | 200000 | 185020 |
| 5.30%, 06/25/54 *(a)* | 250000 | 242942 |

---

*See financial notes*

**40**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.50%, 09/15/56 *(a)* | 200000 | 142022 |
| 5.40%, 06/25/64 *(a)* | 150000 | 146105 |
| **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** |
| 2.53%, 03/10/27 *(a)* | 200000 | 197468 |
| 4.44%, 07/08/28 *(a)* | 200000 | 202310 |
| 4.69%, 07/08/30 *(a)* | 250000 | 255030 |
| 2.97%, 03/10/32 *(a)* | 150000 | 139118 |
| 5.34%, 07/08/35 *(a)* | 200000 | 207084 |
| **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** |
| 4.38%, 09/15/28 *(a)* | 150000 | 150890 |
| 5.25%, 06/30/29 *(a)* | 100000 | 103367 |
| 5.75%, 04/23/30 *(a)(f)* | 100000 | 105103 |
| 5.38%, 12/15/31 *(a)* | 100000 | 103702 |
| 5.50%, 06/30/34 *(a)* | 100000 | 104400 |
| 5.40%, 12/15/35 *(a)* | 70000 | 71489 |
| **JD.com, Inc.** | **JD.com, Inc.** | **JD.com, Inc.** |
| 3.38%, 01/14/30 *(a)(c)* | 200000 | 196416 |
| 4.13%, 01/14/50 *(a)* | 200000 | 169850 |
| **Jones Lang LaSalle, Inc.** | **Jones Lang LaSalle, Inc.** | **Jones Lang LaSalle, Inc.** |
| 6.88%, 12/01/28 *(a)* | 100000 | 106977 |
| **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** |
| 5.90%, 06/01/27 *(a)* | 150000 | 152623 |
| 5.63%, 06/15/28 *(a)* | 200000 | 204958 |
| 3.90%, 08/08/29 *(a)* | 150000 | 146903 |
| 6.00%, 08/15/29 *(a)* | 100000 | 104673 |
| 6.20%, 08/15/34 *(a)* | 100000 | 105685 |
| **Lear Corp.** | **Lear Corp.** | **Lear Corp.** |
| 3.80%, 09/15/27 *(a)* | 50000 | 49901 |
| 4.25%, 05/15/29 *(a)* | 50000 | 50024 |
| 3.50%, 05/30/30 *(a)* | 50000 | 48531 |
| 2.60%, 01/15/32 *(a)* | 100000 | 90833 |
| 5.25%, 05/15/49 *(a)* | 100000 | 92493 |
| 3.55%, 01/15/52 *(a)* | 100000 | 69886 |
| **Lennar Corp.** | **Lennar Corp.** | **Lennar Corp.** |
| 4.75%, 11/29/27 *(a)* | 250000 | 252257 |
| 5.20%, 07/30/30 *(a)* | 100000 | 103641 |
| **LKQ Corp.** | **LKQ Corp.** | **LKQ Corp.** |
| 5.75%, 06/15/28 *(a)* | 150000 | 154095 |
| 6.25%, 06/15/33 *(a)* | 150000 | 159063 |
| **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** |
| 3.35%, 04/01/27 *(a)* | 200000 | 198908 |
| 3.10%, 05/03/27 *(a)* | 250000 | 247795 |
| 3.95%, 10/15/27  | 120000 | 120414 |
| 1.30%, 04/15/28 *(a)* | 150000 | 142281 |
| 1.70%, 09/15/28 *(a)* | 175000 | 165835 |
| 4.00%, 10/15/28 *(a)* | 130000 | 130400 |
| 6.50%, 03/15/29  | 75000 | 80577 |
| 3.65%, 04/05/29 *(a)* | 300000 | 297519 |
| 4.50%, 04/15/30 *(a)* | 200000 | 203516 |
| 1.70%, 10/15/30 *(a)* | 250000 | 224817 |
| 4.25%, 03/15/31 *(a)* | 190000 | 190650 |
| 2.63%, 04/01/31 *(a)* | 250000 | 231990 |
| 3.75%, 04/01/32 *(a)* | 300000 | 290706 |
| 4.50%, 10/15/32 *(a)* | 230000 | 231196 |
| 5.00%, 04/15/33 *(a)* | 200000 | 206498 |
| 5.15%, 07/01/33 *(a)* | 150000 | 155809 |
| 4.85%, 10/15/35 *(a)* | 210000 | 210055 |
| 5.50%, 10/15/35  | 75000 | 79181 |
| 5.00%, 04/15/40 *(a)* | 100000 | 98707 |
| 2.80%, 09/15/41 *(a)* | 200000 | 146856 |
| 4.65%, 04/15/42 *(a)* | 95000 | 88164 |
| 4.38%, 09/15/45 *(a)* | 100000 | 85532 |
| 3.70%, 04/15/46 *(a)* | 225000 | 174046 |
| 4.05%, 05/03/47 *(a)* | 300000 | 241425 |
| 4.55%, 04/05/49 *(a)* | 100000 | 85729 |
| 5.13%, 04/15/50 *(a)* | 100000 | 92049 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.00%, 10/15/50 *(a)* | 300000 | 195024 |
| 3.50%, 04/01/51 *(a)* | 100000 | 71244 |
| 4.25%, 04/01/52 *(a)* | 300000 | 240099 |
| 5.63%, 04/15/53 *(a)* | 275000 | 270872 |
| 5.75%, 07/01/53 *(a)* | 75000 | 75269 |
| 4.45%, 04/01/62 *(a)* | 250000 | 198410 |
| 5.80%, 09/15/62 *(a)* | 200000 | 198740 |
| 5.85%, 04/01/63 *(a)* | 100000 | 99955 |
| **Magna International, Inc.** | **Magna International, Inc.** | **Magna International, Inc.** |
| 2.45%, 06/15/30 *(a)* | 200000 | 187498 |
| 5.50%, 03/21/33 *(a)* | 100000 | 105211 |
| 5.88%, 06/01/35 *(a)* | 100000 | 107146 |
| **Marriott International, Inc.** | **Marriott International, Inc.** | **Marriott International, Inc.** |
| 4.20%, 07/15/27  | 120000 | 120563 |
| 5.00%, 10/15/27 *(a)* | 150000 | 152446 |
| 4.00%, 04/15/28 *(a)* | 100000 | 100257 |
| 5.55%, 10/15/28 *(a)* | 125000 | 129806 |
| 4.90%, 04/15/29 *(a)* | 150000 | 153754 |
| 4.88%, 05/15/29 *(a)* | 100000 | 102590 |
| 4.80%, 03/15/30 *(a)* | 100000 | 102687 |
| 4.63%, 06/15/30 *(a)* | 200000 | 203814 |
| 2.85%, 04/15/31 *(a)* | 200000 | 187262 |
| 4.50%, 10/15/31 *(a)* | 150000 | 151661 |
| 3.50%, 10/15/32 *(a)* | 100000 | 94443 |
| 4.50%, 05/01/33 *(a)* | 100000 | 99760 |
| 2.75%, 10/15/33 *(a)* | 100000 | 88589 |
| 5.30%, 05/15/34 *(a)* | 200000 | 207854 |
| 5.35%, 03/15/35 *(a)* | 175000 | 181655 |
| 5.25%, 10/15/35 *(a)* | 180000 | 184561 |
| 5.50%, 04/15/37 *(a)* | 275000 | 284190 |
| 5.10%, 05/01/38 *(a)* | 150000 | 148712 |
| **McDonald's Corp.** | **McDonald's Corp.** | **McDonald's Corp.** |
| 3.50%, 03/01/27 *(a)* | 200000 | 199386 |
| 3.50%, 07/01/27 *(a)* | 200000 | 199274 |
| 3.80%, 04/01/28 *(a)* | 175000 | 175178 |
| 4.80%, 08/14/28 *(a)* | 100000 | 102338 |
| 5.00%, 05/17/29 *(a)* | 150000 | 155149 |
| 2.63%, 09/01/29 *(a)* | 100000 | 96038 |
| 2.13%, 03/01/30 *(a)* | 150000 | 140082 |
| 4.60%, 05/15/30 *(a)* | 150000 | 153717 |
| 3.60%, 07/01/30 *(a)* | 150000 | 148367 |
| 4.40%, 02/12/31 *(a)* | 100000 | 101648 |
| 4.60%, 09/09/32 *(a)* | 150000 | 154116 |
| 4.95%, 08/14/33 *(a)* | 125000 | 130195 |
| 5.20%, 05/17/34 *(a)* | 150000 | 157623 |
| 4.95%, 03/03/35 *(a)* | 150000 | 153870 |
| 4.70%, 12/09/35 *(a)* | 100000 | 101105 |
| 5.00%, 02/13/36 *(a)* | 150000 | 153811 |
| 6.30%, 10/15/37  | 150000 | 169623 |
| 6.30%, 03/01/38  | 100000 | 112392 |
| 5.70%, 02/01/39  | 75000 | 80735 |
| 4.88%, 07/15/40  | 100000 | 97995 |
| 3.70%, 02/15/42  | 100000 | 83703 |
| 3.63%, 05/01/43  | 75000 | 60312 |
| 4.60%, 05/26/45 *(a)* | 100000 | 90143 |
| 4.88%, 12/09/45 *(a)* | 320000 | 297264 |
| 4.45%, 03/01/47 *(a)* | 175000 | 153095 |
| 4.45%, 09/01/48 *(a)* | 200000 | 173788 |
| 3.63%, 09/01/49 *(a)* | 350000 | 263959 |
| 4.20%, 04/01/50 *(a)* | 100000 | 82541 |
| 5.15%, 09/09/52 *(a)* | 150000 | 141674 |
| 5.45%, 08/14/53 *(a)* | 150000 | 148023 |
| **MercadoLibre, Inc.** | **MercadoLibre, Inc.** | **MercadoLibre, Inc.** |
| 3.13%, 01/14/31 *(a)* | 200000 | 187076 |
| **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** |
| 8.50%, 01/18/31  | 250000 | 296992 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**41**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Meritage Homes Corp.** | **Meritage Homes Corp.** | **Meritage Homes Corp.** |
| 5.13%, 06/06/27 *(a)* | 75000 | 75539 |
| 5.65%, 03/15/35 *(a)* | 100000 | 103359 |
| **Nature Conservancy** | **Nature Conservancy** | **Nature Conservancy** |
| 3.96%, 03/01/52 *(a)* | 75000 | 61366 |
| **NIKE, Inc.** | **NIKE, Inc.** | **NIKE, Inc.** |
| 2.75%, 03/27/27 *(a)* | 200000 | 198118 |
| 2.85%, 03/27/30 *(a)* | 350000 | 336791 |
| 3.25%, 03/27/40 *(a)* | 300000 | 247266 |
| 3.88%, 11/01/45 *(a)* | 150000 | 123482 |
| 3.38%, 11/01/46 *(a)* | 130000 | 98171 |
| 3.38%, 03/27/50 *(a)* | 200000 | 146600 |
| **NVR, Inc.** | **NVR, Inc.** | **NVR, Inc.** |
| 3.00%, 05/15/30 *(a)* | 200000 | 191354 |
| **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** |
| 3.60%, 09/01/27 *(a)* | 150000 | 149349 |
| 4.35%, 06/01/28 *(a)* | 100000 | 100924 |
| 4.20%, 04/01/30 *(a)* | 100000 | 100428 |
| 1.75%, 03/15/31 *(a)* | 150000 | 133331 |
| 4.70%, 06/15/32 *(a)* | 150000 | 152662 |
| 5.00%, 08/19/34 *(a)* | 75000 | 76310 |
| **PACCAR Financial Corp.** | **PACCAR Financial Corp.** | **PACCAR Financial Corp.** |
| 5.00%, 05/13/27  | 100000 | 101656 |
| 4.25%, 06/23/27  | 70000 | 70558 |
| 4.45%, 08/06/27  | 100000 | 101237 |
| 4.55%, 03/03/28  | 100000 | 101878 |
| 4.00%, 08/08/28  | 120000 | 121044 |
| 4.00%, 11/07/28  | 70000 | 70568 |
| 4.60%, 01/31/29  | 50000 | 51209 |
| 3.90%, 02/05/29  | 75000 | 75538 |
| 4.00%, 09/26/29  | 100000 | 100761 |
| 4.55%, 05/08/30  | 100000 | 102470 |
| 5.00%, 03/22/34  | 100000 | 103953 |
| **PulteGroup, Inc.** | **PulteGroup, Inc.** | **PulteGroup, Inc.** |
| 4.25%, 03/01/31 *(a)* | 75000 | 74976 |
| 7.88%, 06/15/32  | 100000 | 118163 |
| 6.38%, 05/15/33  | 100000 | 111470 |
| 4.90%, 03/01/36 *(a)* | 75000 | 75089 |
| **PVH Corp.** | **PVH Corp.** | **PVH Corp.** |
| 5.50%, 06/13/30 *(a)* | 90000 | 92423 |
| **Ralph Lauren Corp.** | **Ralph Lauren Corp.** | **Ralph Lauren Corp.** |
| 2.95%, 06/15/30 *(a)* | 150000 | 143750 |
| 5.00%, 06/15/32 *(a)* | 90000 | 93688 |
| **Rockefeller Foundation** | **Rockefeller Foundation** | **Rockefeller Foundation** |
| 2.49%, 10/01/50 *(a)* | 150000 | 94301 |
| **Rollins, Inc.** | **Rollins, Inc.** | **Rollins, Inc.** |
| 5.25%, 02/24/35 *(a)* | 110000 | 113209 |
| **Ross Stores, Inc.** | **Ross Stores, Inc.** | **Ross Stores, Inc.** |
| 1.88%, 04/15/31 *(a)* | 75000 | 66935 |
| **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** |
| 7.50%, 10/15/27  | 100000 | 105345 |
| 3.70%, 03/15/28 *(a)* | 100000 | 99418 |
| 4.75%, 05/15/33 *(a)* | 250000 | 251872 |
| 5.38%, 01/15/36 *(a)* | 270000 | 275770 |
| 5.25%, 02/27/38 *(a)* | 500000 | 500940 |
| **Sands China Ltd.** | **Sands China Ltd.** | **Sands China Ltd.** |
| 2.30%, 03/08/27 *(a)(f)* | 200000 | 196398 |
| 5.40%, 08/08/28 *(a)(f)* | 300000 | 306432 |
| 2.85%, 03/08/29 *(a)(f)* | 200000 | 191464 |
| 4.38%, 06/18/30 *(a)(f)* | 200000 | 197982 |
| **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** |
| 3.85%, 01/15/30 *(a)* | 100000 | 97397 |
| 2.50%, 01/15/31 *(a)* | 150000 | 135395 |
| 6.00%, 01/15/43 *(a)* | 75000 | 71635 |
| 3.97%, 08/06/61 *(a)* | 75000 | 51548 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Starbucks Corp.** | **Starbucks Corp.** | **Starbucks Corp.** |
| 2.00%, 03/12/27 *(a)* | 100000 | 98233 |
| 3.50%, 03/01/28 *(a)* | 150000 | 149054 |
| 4.50%, 05/15/28 *(a)* | 100000 | 101215 |
| 4.00%, 11/15/28 *(a)* | 150000 | 150450 |
| 3.55%, 08/15/29 *(a)* | 200000 | 197836 |
| 2.25%, 03/12/30 *(a)* | 100000 | 93344 |
| 4.80%, 05/15/30 *(a)* | 100000 | 103034 |
| 2.55%, 11/15/30 *(a)* | 195000 | 182374 |
| 4.90%, 02/15/31 *(a)* | 100000 | 103559 |
| 3.00%, 02/14/32 *(a)* | 200000 | 186826 |
| 4.80%, 02/15/33 *(a)* | 100000 | 102589 |
| 5.00%, 02/15/34 *(a)* | 100000 | 103324 |
| 5.40%, 05/15/35 *(a)* | 100000 | 105489 |
| 4.30%, 06/15/45 *(a)* | 75000 | 64713 |
| 3.75%, 12/01/47 *(a)* | 150000 | 116144 |
| 4.50%, 11/15/48 *(a)* | 150000 | 129189 |
| 4.45%, 08/15/49 *(a)* | 150000 | 128121 |
| 3.35%, 03/12/50 *(a)* | 100000 | 70513 |
| 3.50%, 11/15/50 *(a)* | 200000 | 144600 |
| **Tapestry, Inc.** | **Tapestry, Inc.** | **Tapestry, Inc.** |
| 4.13%, 07/15/27 *(a)* | 100000 | 100045 |
| 5.10%, 03/11/30 *(a)* | 150000 | 154876 |
| 3.05%, 03/15/32 *(a)* | 75000 | 69740 |
| 5.50%, 03/11/35 *(a)* | 150000 | 155584 |
| **Target Corp.** | **Target Corp.** | **Target Corp.** |
| 4.35%, 06/15/28 *(a)* | 90000 | 91265 |
| 3.38%, 04/15/29 *(a)* | 150000 | 148385 |
| 2.35%, 02/15/30 *(a)* | 250000 | 236222 |
| 2.65%, 09/15/30 *(a)* | 150000 | 141968 |
| 4.50%, 09/15/32 *(a)* | 200000 | 204674 |
| 6.35%, 11/01/32  | 100000 | 111842 |
| 4.40%, 01/15/33 *(a)* | 100000 | 101400 |
| 4.50%, 09/15/34 *(a)* | 150000 | 150113 |
| 5.00%, 04/15/35 *(a)* | 100000 | 102709 |
| 5.25%, 02/15/36 *(a)* | 90000 | 93563 |
| 6.50%, 10/15/37  | 100000 | 115023 |
| 7.00%, 01/15/38  | 100000 | 119206 |
| 4.00%, 07/01/42  | 175000 | 151069 |
| 3.63%, 04/15/46  | 100000 | 78554 |
| 3.90%, 11/15/47 *(a)* | 200000 | 161562 |
| 2.95%, 01/15/52 *(a)* | 100000 | 65794 |
| 4.80%, 01/15/53 *(a)(c)* | 200000 | 182268 |
| **TJX Cos., Inc.** | **TJX Cos., Inc.** | **TJX Cos., Inc.** |
| 1.15%, 05/15/28 *(a)* | 150000 | 141848 |
| 3.88%, 04/15/30 *(a)* | 100000 | 100066 |
| 1.60%, 05/15/31 *(a)* | 100000 | 89043 |
| 4.50%, 04/15/50 *(a)* | 75000 | 66287 |
| **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** |
| 4.88%, 03/15/27 *(a)* | 100000 | 100613 |
| 4.35%, 02/15/28 *(a)* | 200000 | 201284 |
| 5.60%, 06/15/35 *(a)* | 90000 | 95318 |
| **Toyota Motor Corp.** | **Toyota Motor Corp.** | **Toyota Motor Corp.** |
| 4.19%, 06/30/27 *(a)* | 100000 | 100677 |
| 5.12%, 07/13/28 *(a)* | 100000 | 103049 |
| 3.67%, 07/20/28  | 150000 | 150258 |
| 2.76%, 07/02/29  | 150000 | 145010 |
| 4.45%, 06/30/30 *(a)* | 100000 | 101982 |
| 2.36%, 03/25/31 *(a)* | 100000 | 92618 |
| 5.12%, 07/13/33 *(a)* | 100000 | 105058 |
| 5.05%, 06/30/35 *(a)* | 100000 | 104122 |
| **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** |
| 5.00%, 03/19/27  | 150000 | 152046 |
| 3.05%, 03/22/27  | 200000 | 198734 |
| 4.50%, 05/14/27  | 200000 | 201996 |
| 1.15%, 08/13/27  | 100000 | 96594 |

---

*See financial notes*

**42**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.55%, 09/20/27  | 200000 | 202678 |
| 4.35%, 10/08/27  | 200000 | 202082 |
| 5.45%, 11/10/27  | 100000 | 102951 |
| 3.05%, 01/11/28  | 100000 | 98922 |
| 3.75%, 01/12/28  | 150000 | 150303 |
| 4.63%, 01/12/28  | 150000 | 152638 |
| 1.90%, 04/06/28  | 150000 | 144882 |
| 4.05%, 09/05/28  | 150000 | 151286 |
| 5.25%, 09/11/28  | 100000 | 103634 |
| 4.65%, 01/05/29  | 160000 | 163856 |
| 3.65%, 01/08/29  | 150000 | 149777 |
| 5.05%, 05/16/29  | 150000 | 155475 |
| 4.45%, 06/29/29  | 200000 | 203854 |
| 4.55%, 08/09/29  | 175000 | 178948 |
| 4.95%, 01/09/30  | 100000 | 103718 |
| 2.15%, 02/13/30  | 100000 | 93629 |
| 3.38%, 04/01/30  | 200000 | 195644 |
| 4.80%, 05/15/30  | 100000 | 103251 |
| 4.55%, 05/17/30  | 150000 | 153730 |
| 5.55%, 11/20/30  | 200000 | 213084 |
| 1.65%, 01/10/31  | 100000 | 89587 |
| 4.20%, 01/10/31  | 200000 | 201520 |
| 5.10%, 03/21/31  | 100000 | 104673 |
| 1.90%, 09/12/31  | 100000 | 89179 |
| 4.60%, 10/10/31  | 150000 | 153505 |
| 2.40%, 01/13/32  | 75000 | 68228 |
| 4.65%, 09/03/32  | 125000 | 127598 |
| 4.70%, 01/12/33  | 100000 | 102334 |
| 4.80%, 01/05/34  | 200000 | 205120 |
| 5.35%, 01/09/35  | 150000 | 158926 |
| 4.80%, 01/11/36  | 200000 | 201856 |
| **Tractor Supply Co.** | **Tractor Supply Co.** | **Tractor Supply Co.** |
| 1.75%, 11/01/30 *(a)* | 125000 | 112035 |
| 5.25%, 05/15/33 *(a)* | 150000 | 156031 |
| **Uber Technologies, Inc.** | **Uber Technologies, Inc.** | **Uber Technologies, Inc.** |
| 4.30%, 01/15/30 *(a)* | 225000 | 226404 |
| 4.15%, 01/15/31 *(a)* | 180000 | 179393 |
| 4.80%, 09/15/34 *(a)* | 275000 | 275847 |
| 4.80%, 09/15/35 *(a)* | 220000 | 218579 |
| 5.35%, 09/15/54 *(a)* | 300000 | 286269 |
| **VICI Properties LP** | **VICI Properties LP** | **VICI Properties LP** |
| 4.75%, 02/15/28 *(a)* | 250000 | 252455 |
| 4.95%, 02/15/30 *(a)* | 200000 | 203424 |
| 5.13%, 11/15/31 *(a)* | 150000 | 152794 |
| 5.13%, 05/15/32 *(a)* | 400000 | 405464 |
| 5.75%, 04/01/34 *(a)* | 100000 | 104150 |
| 5.63%, 04/01/35 *(a)* | 150000 | 154438 |
| 5.63%, 05/15/52 *(a)* | 150000 | 141296 |
| 6.13%, 04/01/54 *(a)* | 100000 | 100856 |
| **Walmart, Inc.** | **Walmart, Inc.** | **Walmart, Inc.** |
| 5.88%, 04/05/27  | 75000 | 76871 |
| 4.10%, 04/28/27  | 125000 | 125788 |
| 3.95%, 09/09/27 *(a)* | 200000 | 201132 |
| 3.90%, 04/15/28 *(a)* | 125000 | 125780 |
| 3.70%, 06/26/28 *(a)* | 300000 | 300822 |
| 1.50%, 09/22/28 *(a)* | 200000 | 190164 |
| 3.25%, 07/08/29 *(a)* | 150000 | 148629 |
| 2.38%, 09/24/29 *(a)* | 100000 | 95965 |
| 7.55%, 02/15/30  | 100000 | 114376 |
| 4.00%, 04/15/30 *(a)* | 100000 | 101423 |
| 4.35%, 04/28/30 *(a)* | 175000 | 178808 |
| 1.80%, 09/22/31 *(a)* | 350000 | 315626 |
| 4.15%, 09/09/32 *(a)* | 200000 | 202978 |
| 4.10%, 04/15/33 *(a)* | 250000 | 251625 |
| 4.90%, 04/28/35 *(a)* | 275000 | 285334 |
| 5.25%, 09/01/35  | 250000 | 267202 |
| 6.50%, 08/15/37  | 200000 | 234806 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.20%, 04/15/38  | 175000 | 199841 |
| 3.95%, 06/28/38 *(a)* | 100000 | 94756 |
| 5.63%, 04/01/40  | 100000 | 108966 |
| 5.00%, 10/25/40  | 50000 | 51749 |
| 5.63%, 04/15/41  | 100000 | 107976 |
| 2.50%, 09/22/41 *(a)* | 200000 | 148818 |
| 4.00%, 04/11/43 *(a)* | 75000 | 66341 |
| 4.30%, 04/22/44 *(a)* | 100000 | 92488 |
| 3.63%, 12/15/47 *(a)* | 100000 | 79741 |
| 4.05%, 06/29/48 *(a)* | 300000 | 254388 |
| 2.95%, 09/24/49 *(a)* | 150000 | 104577 |
| 2.65%, 09/22/51 *(a)* | 300000 | 192684 |
| 4.50%, 09/09/52 *(a)* | 200000 | 178674 |
| 4.50%, 04/15/53 *(a)* | 250000 | 223677 |
|  |  | **100262308** |
| ***Consumer Non-Cyclical 3.6%***  | ***Consumer Non-Cyclical 3.6%***  | ***Consumer Non-Cyclical 3.6%***  |
| **Abbott Laboratories** | **Abbott Laboratories** | **Abbott Laboratories** |
| 1.15%, 01/30/28 *(a)* | 50000 | 47797 |
| 3.70%, 03/09/29 *(a)(h)* | 500000 | 500215 |
| 1.40%, 06/30/30 *(a)* | 150000 | 135416 |
| 4.00%, 03/15/31 *(a)(h)* | 500000 | 499750 |
| 4.30%, 03/15/33 *(a)(h)* | 500000 | 499650 |
| 4.65%, 03/15/36 *(a)(h)* | 700000 | 700056 |
| 4.75%, 11/30/36 *(a)* | 300000 | 302655 |
| 6.15%, 11/30/37  | 150000 | 168996 |
| 4.75%, 03/15/38 *(a)(h)* | 375000 | 373931 |
| 6.00%, 04/01/39  | 100000 | 111200 |
| 5.30%, 05/27/40  | 125000 | 130274 |
| 4.75%, 04/15/43 *(a)* | 100000 | 95357 |
| 4.90%, 11/30/46 *(a)* | 576000 | 546163 |
| 5.50%, 03/15/56 *(a)(h)* | 700000 | 703206 |
| 5.60%, 03/15/66 *(a)(h)* | 375000 | 375589 |
| **AbbVie, Inc.** | **AbbVie, Inc.** | **AbbVie, Inc.** |
| 4.80%, 03/15/27 *(a)* | 450000 | 454203 |
| 3.78%, 03/03/28 *(h)* | 300000 | 300438 |
| 4.65%, 03/15/28 *(a)* | 225000 | 228973 |
| 4.25%, 11/14/28 *(a)* | 350000 | 354301 |
| 4.80%, 03/15/29 *(a)* | 450000 | 462339 |
| 3.20%, 11/21/29 *(a)* | 1000000 | 976910 |
| 4.88%, 03/15/30 *(a)* | 175000 | 180981 |
| 4.13%, 03/15/31 *(a)(h)* | 250000 | 250882 |
| 4.95%, 03/15/31 *(a)* | 350000 | 364420 |
| 4.40%, 03/15/33 *(a)(h)* | 250000 | 251130 |
| 5.05%, 03/15/34 *(a)* | 600000 | 622998 |
| 4.55%, 03/15/35 *(a)* | 300000 | 298884 |
| 5.20%, 03/15/35 *(a)* | 175000 | 182548 |
| 4.50%, 05/14/35 *(a)* | 450000 | 446089 |
| 4.75%, 03/15/36 *(a)(h)* | 300000 | 301740 |
| 4.30%, 05/14/36 *(a)* | 175000 | 169722 |
| 4.05%, 11/21/39 *(a)* | 750000 | 679230 |
| 4.63%, 10/01/42 *(a)* | 70000 | 65496 |
| 4.40%, 11/06/42  | 475000 | 431129 |
| 5.35%, 03/15/44 *(a)* | 150000 | 150510 |
| 4.85%, 06/15/44 *(a)* | 200000 | 188434 |
| 4.75%, 03/15/45 *(a)* | 161000 | 149646 |
| 4.70%, 05/14/45 *(a)* | 500000 | 459030 |
| 4.45%, 05/14/46 *(a)* | 400000 | 354628 |
| 4.88%, 11/14/48 *(a)* | 350000 | 323582 |
| 4.25%, 11/21/49 *(a)* | 1100000 | 926387 |
| 5.40%, 03/15/54 *(a)* | 550000 | 540628 |
| 5.60%, 03/15/55 *(a)* | 150000 | 151875 |
| 5.55%, 03/15/56 *(a)(h)* | 250000 | 251645 |
| 5.50%, 03/15/64 *(a)* | 275000 | 270949 |
| 5.65%, 03/15/66 *(a)(h)* | 100000 | 100558 |
| **AdventHealth Obligated Group** | **AdventHealth Obligated Group** | **AdventHealth Obligated Group** |
| 2.80%, 11/15/51 *(a)* | 75000 | 48295 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**43**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Adventist Health System** | **Adventist Health System** | **Adventist Health System** |
| 4.74%, 12/01/30 *(a)* | 80000 | 81055 |
| 5.43%, 03/01/32 *(a)* | 75000 | 78161 |
| 5.76%, 12/01/34 *(a)* | 50000 | 52836 |
| 3.63%, 03/01/49 *(a)* | 100000 | 70854 |
| **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** |
| 3.83%, 08/15/28 *(a)* | 50000 | 50103 |
| 4.27%, 08/15/48 *(a)* | 150000 | 129788 |
| 3.39%, 10/15/49 *(a)* | 100000 | 74681 |
| **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** |
| 4.20%, 09/09/27 *(a)* | 100000 | 100465 |
| 2.75%, 09/15/29 *(a)* | 100000 | 95933 |
| 2.10%, 06/04/30 *(a)* | 100000 | 92233 |
| 2.30%, 03/12/31 *(a)* | 200000 | 182754 |
| 4.75%, 09/09/34 *(a)* | 100000 | 100931 |
| **Ahold Finance USA LLC** | **Ahold Finance USA LLC** | **Ahold Finance USA LLC** |
| 6.88%, 05/01/29  | 75000 | 81410 |
| **AHS Hospital Corp.** | **AHS Hospital Corp.** | **AHS Hospital Corp.** |
| 5.02%, 07/01/45  | 50000 | 48222 |
| 2.78%, 07/01/51 *(a)* | 100000 | 65000 |
| **Allina Health System** | **Allina Health System** | **Allina Health System** |
| 3.89%, 04/15/49 *(a)* | 100000 | 78632 |
| **Altria Group, Inc.** | **Altria Group, Inc.** | **Altria Group, Inc.** |
| 4.88%, 02/04/28 *(a)* | 95000 | 96750 |
| 6.20%, 11/01/28 *(a)* | 100000 | 105548 |
| 4.80%, 02/14/29 *(a)* | 300000 | 306618 |
| 3.40%, 05/06/30 *(a)* | 150000 | 146068 |
| 4.50%, 08/06/30 *(a)* | 100000 | 101693 |
| 2.45%, 02/04/32 *(a)* | 300000 | 269235 |
| 6.88%, 11/01/33 *(a)* | 100000 | 113919 |
| 5.63%, 02/06/35 *(a)* | 95000 | 99874 |
| 5.25%, 08/06/35 *(a)* | 100000 | 102558 |
| 5.80%, 02/14/39 *(a)* | 375000 | 390491 |
| 3.40%, 02/04/41 *(a)* | 275000 | 215823 |
| 4.25%, 08/09/42  | 150000 | 127299 |
| 4.50%, 05/02/43  | 100000 | 86777 |
| 5.38%, 01/31/44  | 345000 | 334050 |
| 3.88%, 09/16/46 *(a)* | 275000 | 211931 |
| 5.95%, 02/14/49 *(a)* | 500000 | 507045 |
| 4.45%, 05/06/50 *(a)* | 100000 | 81362 |
| 3.70%, 02/04/51 *(a)* | 225000 | 161242 |
| 4.00%, 02/04/61 *(a)(c)* | 200000 | 147094 |
| **Amgen, Inc.** | **Amgen, Inc.** | **Amgen, Inc.** |
| 3.20%, 11/02/27 *(a)* | 250000 | 247715 |
| 5.15%, 03/02/28 *(a)* | 700000 | 717038 |
| 1.65%, 08/15/28 *(a)* | 200000 | 190080 |
| 3.00%, 02/22/29 *(a)* | 150000 | 146421 |
| 4.05%, 08/18/29 *(a)* | 200000 | 200918 |
| 2.45%, 02/21/30 *(a)* | 200000 | 188666 |
| 5.25%, 03/02/30 *(a)* | 500000 | 521815 |
| 4.20%, 02/19/31 *(a)* | 200000 | 200650 |
| 2.30%, 02/25/31 *(a)* | 275000 | 252766 |
| 2.00%, 01/15/32 *(a)* | 200000 | 176800 |
| 3.35%, 02/22/32 *(a)* | 200000 | 190500 |
| 4.20%, 03/01/33 *(a)* | 125000 | 123545 |
| 5.25%, 03/02/33 *(a)* | 800000 | 837616 |
| 4.85%, 02/19/36 *(a)* | 350000 | 352002 |
| 6.38%, 06/01/37  | 100000 | 112623 |
| 6.40%, 02/01/39  | 50000 | 56063 |
| 3.15%, 02/21/40 *(a)* | 250000 | 201097 |
| 5.75%, 03/15/40  | 75000 | 79607 |
| 2.80%, 08/15/41 *(a)* | 100000 | 75013 |
| 4.95%, 10/01/41  | 100000 | 96221 |
| 5.15%, 11/15/41 *(a)* | 150000 | 147280 |
| 5.65%, 06/15/42 *(a)* | 75000 | 77672 |
| 5.60%, 03/02/43 *(a)* | 500000 | 511460 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.40%, 05/01/45 *(a)* | 425000 | 371798 |
| 5.50%, 02/19/46 *(a)* | 100000 | 99546 |
| 4.56%, 06/15/48 *(a)* | 250000 | 218575 |
| 3.38%, 02/21/50 *(a)* | 375000 | 273225 |
| 4.66%, 06/15/51 *(a)* | 625000 | 546650 |
| 3.00%, 01/15/52 *(a)* | 150000 | 100202 |
| 4.20%, 02/22/52 *(a)* | 200000 | 162174 |
| 4.88%, 03/01/53 *(a)* | 200000 | 178774 |
| 5.65%, 03/02/53 *(a)* | 800000 | 799104 |
| 2.77%, 09/01/53 *(a)* | 219000 | 133877 |
| 5.65%, 02/19/56 *(a)* | 150000 | 149797 |
| 4.40%, 02/22/62 *(a)* | 200000 | 160274 |
| 5.75%, 03/02/63 *(a)* | 500000 | 495885 |
| **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** |
| 4.70%, 02/01/36 *(a)* | 955000 | 957454 |
| 4.90%, 02/01/46 *(a)* | 1600000 | 1505728 |
| **Anheuser-Busch InBev Finance, Inc.** | **Anheuser-Busch InBev Finance, Inc.** | **Anheuser-Busch InBev Finance, Inc.** |
| 4.70%, 02/01/36 *(a)* | 150000 | 150618 |
| 4.00%, 01/17/43  | 100000 | 86026 |
| 4.63%, 02/01/44  | 150000 | 138375 |
| 4.90%, 02/01/46 *(a)* | 200000 | 187554 |
| **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** |
| 4.75%, 01/23/29 *(a)* | 500000 | 511940 |
| 3.50%, 06/01/30 *(a)* | 300000 | 295722 |
| 4.90%, 01/23/31 *(a)* | 100000 | 104209 |
| 5.00%, 06/15/34 *(a)* | 200000 | 208292 |
| 5.88%, 06/15/35  | 75000 | 82616 |
| 4.38%, 04/15/38 *(a)* | 150000 | 144408 |
| 8.20%, 01/15/39  | 250000 | 326187 |
| 5.45%, 01/23/39 *(a)* | 350000 | 367367 |
| 8.00%, 11/15/39  | 100000 | 129752 |
| 4.95%, 01/15/42  | 300000 | 291522 |
| 3.75%, 07/15/42  | 100000 | 84135 |
| 4.60%, 04/15/48 *(a)* | 150000 | 134972 |
| 4.44%, 10/06/48 *(a)* | 300000 | 263355 |
| 5.55%, 01/23/49 *(a)* | 775000 | 780355 |
| 4.50%, 06/01/50 *(a)* | 200000 | 185528 |
| 4.75%, 04/15/58 *(a)* | 150000 | 134142 |
| 5.80%, 01/23/59 *(a)* | 350000 | 363461 |
| **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** |
| 3.25%, 03/27/30 *(a)* | 200000 | 194780 |
| 2.90%, 03/01/32 *(a)* | 250000 | 232685 |
| 4.50%, 08/15/33 *(a)* | 100000 | 101254 |
| 5.38%, 09/15/35  | 100000 | 106613 |
| 4.54%, 03/26/42  | 100000 | 92795 |
| 4.02%, 04/16/43  | 75000 | 64642 |
| 3.75%, 09/15/47 *(a)* | 50000 | 40053 |
| 4.50%, 03/15/49 *(a)* | 100000 | 88060 |
| 2.70%, 09/15/51 *(a)* | 100000 | 62757 |
| **Ascension Health** | **Ascension Health** | **Ascension Health** |
| 4.08%, 11/15/28 *(a)* | 90000 | 90662 |
| 2.53%, 11/15/29 *(a)* | 150000 | 143238 |
| 4.29%, 11/15/30 *(a)* | 150000 | 151627 |
| 4.92%, 11/15/35 *(a)* | 150000 | 153564 |
| 3.11%, 11/15/39 *(a)* | 100000 | 81750 |
| 3.95%, 11/15/46  | 200000 | 167008 |
| 4.85%, 11/15/53  | 100000 | 92890 |
| **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** |
| 4.88%, 03/03/28 *(a)* | 200000 | 204466 |
| 1.75%, 05/28/28 *(a)* | 250000 | 239445 |
| 4.85%, 02/26/29 *(a)* | 200000 | 206036 |
| 4.90%, 03/03/30 *(a)* | 150000 | 155463 |
| 4.90%, 02/26/31 *(a)* | 200000 | 208024 |
| 2.25%, 05/28/31 *(a)* | 150000 | 137516 |
| 4.88%, 03/03/33 *(a)* | 200000 | 208090 |
| 5.00%, 02/26/34 *(a)* | 300000 | 312333 |

---

*See financial notes*

**44**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **AstraZeneca PLC** | **AstraZeneca PLC** | **AstraZeneca PLC** |
| 3.13%, 06/12/27 *(a)* | 100000 | 99428 |
| 4.00%, 01/17/29 *(a)* | 150000 | 151039 |
| 1.38%, 08/06/30 *(a)* | 250000 | 224332 |
| 6.45%, 09/15/37  | 530000 | 607910 |
| 4.00%, 09/18/42  | 175000 | 152897 |
| 4.38%, 11/16/45  | 180000 | 161073 |
| 4.38%, 08/17/48 *(a)* | 150000 | 132986 |
| 2.13%, 08/06/50 *(a)* | 50000 | 28604 |
| 3.00%, 05/28/51 *(a)* | 200000 | 137596 |
| **Banner Health** | **Banner Health** | **Banner Health** |
| 2.34%, 01/01/30 *(a)* | 100000 | 94357 |
| 1.90%, 01/01/31 *(a)* | 100000 | 90769 |
| 2.91%, 01/01/42 *(a)* | 50000 | 38093 |
| 3.18%, 01/01/50 *(a)* | 100000 | 70456 |
| 2.91%, 01/01/51 *(a)* | 50000 | 33703 |
| **Baptist Health South Florida Obligated Group** | **Baptist Health South Florida Obligated Group** | **Baptist Health South Florida Obligated Group** |
| 3.12%, 11/15/71 *(a)* | 50000 | 30259 |
| **Baptist Healthcare System Obligated Group** | **Baptist Healthcare System Obligated Group** | **Baptist Healthcare System Obligated Group** |
| Series 20B <br>3.54%, 08/15/50 *(a)*<br>| 150000 | 112157 |
| **BAT Capital Corp.** | **BAT Capital Corp.** | **BAT Capital Corp.** |
| 4.70%, 04/02/27 *(a)* | 150000 | 151047 |
| 3.56%, 08/15/27 *(a)* | 400000 | 397988 |
| 2.26%, 03/25/28 *(a)* | 275000 | 266057 |
| 3.46%, 09/06/29 *(a)* | 100000 | 98158 |
| 4.91%, 04/02/30 *(a)* | 175000 | 179818 |
| 6.34%, 08/02/30 *(a)* | 200000 | 217478 |
| 5.83%, 02/20/31 *(a)* | 150000 | 160429 |
| 2.73%, 03/25/31 *(a)* | 250000 | 232957 |
| 4.74%, 03/16/32 *(a)* | 175000 | 178209 |
| 5.35%, 08/15/32 *(a)* | 175000 | 183808 |
| 7.75%, 10/19/32 *(a)* | 100000 | 117929 |
| 4.63%, 03/22/33 *(a)* | 130000 | 130566 |
| 6.42%, 08/02/33 *(a)* | 250000 | 277990 |
| 6.00%, 02/20/34 *(a)* | 175000 | 189857 |
| 5.63%, 08/15/35 *(a)* | 175000 | 184611 |
| 4.39%, 08/15/37 *(a)* | 450000 | 421105 |
| 3.73%, 09/25/40 *(a)* | 75000 | 62308 |
| 7.08%, 08/02/43 *(a)* | 150000 | 170671 |
| 4.54%, 08/15/47 *(a)* | 625000 | 528094 |
| 4.76%, 09/06/49 *(a)* | 175000 | 150505 |
| 5.28%, 04/02/50 *(a)* | 100000 | 92017 |
| 3.98%, 09/25/50 *(a)* | 75000 | 56528 |
| 5.65%, 03/16/52 *(a)* | 125000 | 120216 |
| 7.08%, 08/02/53 *(a)* | 200000 | 229324 |
| 6.25%, 08/15/55 *(a)* | 75000 | 78133 |
| **BAT International Finance PLC** | **BAT International Finance PLC** | **BAT International Finance PLC** |
| 4.45%, 03/16/28 *(a)* | 200000 | 201918 |
| 5.93%, 02/02/29 *(a)* | 200000 | 210580 |
| **Baxalta, Inc.** | **Baxalta, Inc.** | **Baxalta, Inc.** |
| 5.25%, 06/23/45 *(a)* | 99000 | 96512 |
| **Baxter International, Inc.** | **Baxter International, Inc.** | **Baxter International, Inc.** |
| 2.27%, 12/01/28 *(a)* | 250000 | 236467 |
| 4.45%, 02/15/29 *(a)* | 50000 | 50246 |
| 3.95%, 04/01/30 *(a)* | 100000 | 97848 |
| 4.90%, 12/15/30 *(a)* | 130000 | 130849 |
| 1.73%, 04/01/31 *(a)* | 150000 | 129395 |
| 2.54%, 02/01/32 *(a)* | 325000 | 284047 |
| 5.65%, 12/15/35 *(a)* | 180000 | 183137 |
| 3.50%, 08/15/46 *(a)* | 85000 | 60248 |
| 3.13%, 12/01/51 *(a)* | 125000 | 77980 |
| **BayCare Health System, Inc.** | **BayCare Health System, Inc.** | **BayCare Health System, Inc.** |
| Series 2020 <br>3.83%, 11/15/50 *(a)*<br>| 100000 | 79493 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** |
| 1.78%, 11/15/30 *(a)* | 100000 | 90828 |
| 4.19%, 11/15/45 *(a)* | 100000 | 87437 |
| 2.84%, 11/15/50 *(a)* | 200000 | 132014 |
| **Becton Dickinson & Co.** | **Becton Dickinson & Co.** | **Becton Dickinson & Co.** |
| 3.70%, 06/06/27 *(a)* | 298000 | 297073 |
| 4.69%, 02/13/28 *(a)* | 150000 | 151978 |
| 4.87%, 02/08/29 *(a)* | 100000 | 102461 |
| 2.82%, 05/20/30 *(a)* | 150000 | 142725 |
| 1.96%, 02/11/31 *(a)* | 200000 | 179908 |
| 4.30%, 08/22/32 *(a)* | 100000 | 100111 |
| 5.11%, 02/08/34 *(a)* | 100000 | 103012 |
| 4.69%, 12/15/44 *(a)* | 150000 | 137990 |
| 3.79%, 05/20/50 *(a)* | 150000 | 115839 |
| **Beth Israel Lahey Health, Inc.** | **Beth Israel Lahey Health, Inc.** | **Beth Israel Lahey Health, Inc.** |
| 3.08%, 07/01/51 *(a)* | 50000 | 33756 |
| **Biogen, Inc.** | **Biogen, Inc.** | **Biogen, Inc.** |
| 2.25%, 05/01/30 *(a)* | 300000 | 278436 |
| 5.05%, 01/15/31 *(a)* | 100000 | 103781 |
| 5.75%, 05/15/35 *(a)* | 100000 | 106664 |
| 5.20%, 09/15/45 *(a)* | 200000 | 187636 |
| 3.15%, 05/01/50 *(a)* | 300000 | 197820 |
| 3.25%, 02/15/51 *(a)* | 167000 | 111053 |
| 6.45%, 05/15/55 *(a)* | 100000 | 107121 |
| **Bio-Rad Laboratories, Inc.** | **Bio-Rad Laboratories, Inc.** | **Bio-Rad Laboratories, Inc.** |
| 3.30%, 03/15/27 *(a)* | 100000 | 99264 |
| 3.70%, 03/15/32 *(a)* | 150000 | 142949 |
| **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** |
| 3.46%, 06/01/30 *(a)* | 100000 | 98426 |
| **Boston Scientific Corp.** | **Boston Scientific Corp.** | **Boston Scientific Corp.** |
| 2.65%, 06/01/30 *(a)* | 150000 | 141969 |
| 6.25%, 11/15/35 *(g)* | 100000 | 113466 |
| 4.55%, 03/01/39 *(a)* | 75000 | 73037 |
| 7.38%, 01/15/40  | 75000 | 92112 |
| 4.70%, 03/01/49 *(a)* | 150000 | 138296 |
| **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** |
| 1.13%, 11/13/27 *(a)* | 150000 | 143961 |
| 3.45%, 11/15/27 *(a)* | 100000 | 99807 |
| 4.90%, 02/22/29 *(a)* | 300000 | 309903 |
| 3.40%, 07/26/29 *(a)* | 250000 | 246435 |
| 1.45%, 11/13/30 *(a)* | 250000 | 223430 |
| 5.75%, 02/01/31 *(a)* | 150000 | 161166 |
| 5.10%, 02/22/31 *(a)* | 225000 | 235307 |
| 2.95%, 03/15/32 *(a)* | 350000 | 327362 |
| 5.90%, 11/15/33 *(a)* | 200000 | 219678 |
| 5.20%, 02/22/34 *(a)* | 500000 | 523335 |
| 4.13%, 06/15/39 *(a)* | 375000 | 345022 |
| 2.35%, 11/13/40 *(a)* | 150000 | 108474 |
| 3.55%, 03/15/42 *(a)* | 250000 | 205377 |
| 3.25%, 08/01/42  | 100000 | 78578 |
| 5.50%, 02/22/44 *(a)* | 100000 | 102191 |
| 4.50%, 03/01/44 *(a)* | 75000 | 67741 |
| 4.63%, 05/15/44 *(a)* | 150000 | 137211 |
| 5.00%, 08/15/45 *(a)* | 150000 | 143192 |
| 4.35%, 11/15/47 *(a)* | 250000 | 214272 |
| 4.55%, 02/20/48 *(a)* | 250000 | 219135 |
| 4.25%, 10/26/49 *(a)* | 700000 | 582554 |
| 2.55%, 11/13/50 *(a)* | 275000 | 166350 |
| 3.70%, 03/15/52 *(a)* | 350000 | 261593 |
| 6.25%, 11/15/53 *(a)* | 75000 | 82868 |
| 5.55%, 02/22/54 *(a)* | 500000 | 496415 |
| 3.90%, 03/15/62 *(a)* | 200000 | 147452 |
| 6.40%, 11/15/63 *(a)* | 75000 | 83620 |
| 5.65%, 02/22/64 *(a)* | 75000 | 75364 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**45**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Brown-Forman Corp.** | **Brown-Forman Corp.** | **Brown-Forman Corp.** |
| 4.75%, 04/15/33 *(a)* | 150000 | 153901 |
| 4.00%, 04/15/38 *(a)* | 150000 | 138032 |
| **Brunswick Corp.** | **Brunswick Corp.** | **Brunswick Corp.** |
| 5.85%, 03/18/29 *(a)* | 100000 | 104016 |
| 2.40%, 08/18/31 *(a)* | 150000 | 133361 |
| **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** |
| 4.90%, 04/21/27 *(a)* | 130000 | 131409 |
| 3.75%, 09/25/27 *(a)* | 50000 | 49905 |
| 4.10%, 01/07/28 *(a)* | 75000 | 75388 |
| 4.20%, 09/17/29 *(a)* | 150000 | 151000 |
| 4.55%, 08/04/30 *(a)* | 90000 | 91485 |
| 3.20%, 04/21/31 *(a)* | 170000 | 161833 |
| 2.75%, 05/14/31 *(a)* | 150000 | 139632 |
| 4.65%, 09/17/34 *(a)* | 150000 | 149424 |
| 5.15%, 08/04/35 *(a)* | 115000 | 118072 |
| **Campbell's Co.** | **Campbell's Co.** | **Campbell's Co.** |
| 5.20%, 03/19/27  | 100000 | 101322 |
| 4.15%, 03/15/28 *(a)* | 150000 | 150457 |
| 5.20%, 03/21/29 *(a)* | 100000 | 102873 |
| 2.38%, 04/24/30 *(a)* | 75000 | 69478 |
| 4.55%, 03/21/31 *(a)* | 100000 | 100140 |
| 5.40%, 03/21/34 *(a)* | 175000 | 178964 |
| 4.75%, 03/23/35 *(a)* | 150000 | 145687 |
| 4.80%, 03/15/48 *(a)* | 100000 | 86720 |
| 3.13%, 04/24/50 *(a)* | 130000 | 85717 |
| 5.25%, 10/13/54 *(a)* | 75000 | 68261 |
| **Cardinal Health, Inc.** | **Cardinal Health, Inc.** | **Cardinal Health, Inc.** |
| 3.41%, 06/15/27 *(a)* | 250000 | 248490 |
| 5.13%, 02/15/29 *(a)* | 125000 | 128954 |
| 5.00%, 11/15/29 *(a)* | 125000 | 128885 |
| 4.50%, 09/15/30 *(a)* | 80000 | 81147 |
| 5.45%, 02/15/34 *(a)* | 100000 | 105203 |
| 5.35%, 11/15/34 *(a)* | 150000 | 156067 |
| 5.15%, 09/15/35 *(a)* | 120000 | 122915 |
| 4.60%, 03/15/43  | 75000 | 67517 |
| 4.50%, 11/15/44 *(a)* | 25000 | 21850 |
| 4.90%, 09/15/45 *(a)* | 80000 | 73501 |
| 4.37%, 06/15/47 *(a)* | 100000 | 84631 |
| 5.75%, 11/15/54 *(a)* | 150000 | 151575 |
| **Catholic Health Services of Long Island Obligated Group** | **Catholic Health Services of Long Island Obligated Group** | **Catholic Health Services of Long Island Obligated Group** |
| 3.37%, 07/01/50 *(a)* | 50000 | 35345 |
| **Cedars-Sinai Health System** | **Cedars-Sinai Health System** | **Cedars-Sinai Health System** |
| 2.29%, 08/15/31 *(a)* | 75000 | 68782 |
| **Cencora, Inc.** | **Cencora, Inc.** | **Cencora, Inc.** |
| 3.45%, 12/15/27 *(a)* | 100000 | 99288 |
| 4.63%, 12/15/27 *(a)* | 75000 | 75965 |
| 3.95%, 02/13/29 *(a)* | 100000 | 100069 |
| 4.85%, 12/15/29 *(a)* | 100000 | 102906 |
| 2.80%, 05/15/30 *(a)* | 100000 | 95041 |
| 4.25%, 11/15/30 *(a)* | 100000 | 100400 |
| 2.70%, 03/15/31 *(a)* | 200000 | 186488 |
| 4.60%, 02/13/33 *(a)* | 100000 | 100749 |
| 5.13%, 02/15/34 *(a)* | 100000 | 103775 |
| 5.15%, 02/15/35 *(a)* | 100000 | 103443 |
| 4.90%, 02/13/36 *(a)* | 400000 | 402844 |
| 4.25%, 03/01/45 *(a)* | 100000 | 86551 |
| 4.30%, 12/15/47 *(a)* | 100000 | 86169 |
| 5.65%, 02/13/56 *(a)* | 100000 | 100580 |
| **Children's Health System of Texas** | **Children's Health System of Texas** | **Children's Health System of Texas** |
| 2.51%, 08/15/50 *(a)* | 150000 | 92654 |
| **Children's Hospital** | **Children's Hospital** | **Children's Hospital** |
| 2.93%, 07/15/50 *(a)* | 60000 | 40365 |
| **Children's Hospital Corp.** | **Children's Hospital Corp.** | **Children's Hospital Corp.** |
| 4.12%, 01/01/47 *(a)* | 100000 | 86742 |
| 2.59%, 02/01/50 *(a)* | 80000 | 50767 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Children's Hospital Medical Center** | **Children's Hospital Medical Center** | **Children's Hospital Medical Center** |
| 4.27%, 05/15/44  | 100000 | 89881 |
| **Children's Hospital of Philadelphia** | **Children's Hospital of Philadelphia** | **Children's Hospital of Philadelphia** |
| 2.70%, 07/01/50 *(a)* | 100000 | 64715 |
| **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** |
| 3.15%, 08/01/27 *(a)* | 100000 | 99141 |
| 2.30%, 12/15/31 *(a)* | 75000 | 68186 |
| 5.60%, 11/15/32 *(a)* | 100000 | 107771 |
| 3.95%, 08/01/47 *(a)* | 100000 | 82060 |
| 5.00%, 06/15/52 *(a)* | 100000 | 93611 |
| **Cigna Group** | **Cigna Group** | **Cigna Group** |
| 3.40%, 03/01/27 *(a)* | 242000 | 240962 |
| 3.05%, 10/15/27 *(a)* | 145000 | 143406 |
| 4.38%, 10/15/28 *(a)* | 735000 | 742409 |
| 5.00%, 05/15/29 *(a)* | 200000 | 206072 |
| 2.40%, 03/15/30 *(a)* | 250000 | 235005 |
| 4.50%, 09/15/30 *(a)* | 180000 | 182529 |
| 2.38%, 03/15/31 *(a)* | 250000 | 229382 |
| 5.13%, 05/15/31 *(a)* | 100000 | 104107 |
| 4.88%, 09/15/32 *(a)* | 220000 | 225053 |
| 5.40%, 03/15/33 *(a)* | 150000 | 157782 |
| 5.25%, 02/15/34 *(a)* | 225000 | 233345 |
| 5.25%, 01/15/36 *(a)* | 270000 | 277452 |
| 4.80%, 08/15/38 *(a)* | 405000 | 392506 |
| 3.20%, 03/15/40 *(a)* | 150000 | 119910 |
| 6.13%, 11/15/41  | 100000 | 107226 |
| 4.80%, 07/15/46 *(a)* | 270000 | 242509 |
| 3.88%, 10/15/47 *(a)* | 195000 | 151821 |
| 4.90%, 12/15/48 *(a)* | 550000 | 495049 |
| 3.40%, 03/15/50 *(a)* | 200000 | 141912 |
| 3.40%, 03/15/51 *(a)* | 250000 | 176260 |
| 5.60%, 02/15/54 *(a)* | 325000 | 318480 |
| 6.00%, 01/15/56 *(a)* | 140000 | 145417 |
| **City of Hope** | **City of Hope** | **City of Hope** |
| 5.62%, 11/15/43  | 100000 | 101720 |
| **Cleveland Clinic Foundation** | **Cleveland Clinic Foundation** | **Cleveland Clinic Foundation** |
| 4.86%, 01/01/14  | 75000 | 65962 |
| **Clorox Co.** | **Clorox Co.** | **Clorox Co.** |
| 3.10%, 10/01/27 *(a)* | 150000 | 148357 |
| 3.90%, 05/15/28 *(a)* | 100000 | 100096 |
| 4.60%, 05/01/32 *(a)* | 200000 | 203148 |
| **Coca-Cola Co.** | **Coca-Cola Co.** | **Coca-Cola Co.** |
| 3.38%, 03/25/27  | 200000 | 199728 |
| 2.90%, 05/25/27  | 100000 | 99197 |
| 1.45%, 06/01/27  | 300000 | 292281 |
| 1.50%, 03/05/28  | 100000 | 96125 |
| 1.00%, 03/15/28  | 250000 | 237780 |
| 2.13%, 09/06/29  | 150000 | 142502 |
| 3.45%, 03/25/30  | 200000 | 197776 |
| 1.65%, 06/01/30  | 450000 | 412438 |
| 2.00%, 03/05/31  | 125000 | 114606 |
| 1.38%, 03/15/31  | 250000 | 221917 |
| 2.25%, 01/05/32  | 350000 | 319343 |
| 5.00%, 05/13/34 *(a)* | 175000 | 184404 |
| 4.65%, 08/14/34 *(a)* | 150000 | 155115 |
| 2.50%, 06/01/40  | 200000 | 151998 |
| 2.88%, 05/05/41  | 150000 | 117572 |
| 4.20%, 03/25/50  | 100000 | 86147 |
| 2.60%, 06/01/50  | 275000 | 175103 |
| 3.00%, 03/05/51  | 300000 | 204567 |
| 2.50%, 03/15/51  | 250000 | 154142 |
| 5.30%, 05/13/54 *(a)* | 200000 | 199126 |
| 5.20%, 01/14/55 *(a)* | 275000 | 269778 |
| 2.75%, 06/01/60  | 200000 | 120016 |
| 5.40%, 05/13/64 *(a)* | 300000 | 297249 |

---

*See financial notes*

**46**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** |
| 5.25%, 06/01/29 *(a)* | 100000 | 103799 |
| 5.45%, 06/01/34 *(a)* | 100000 | 106191 |
| **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** |
| 1.85%, 09/01/32 *(a)* | 100000 | 86052 |
| 5.10%, 05/06/35 *(a)* | 150000 | 154671 |
| 5.25%, 11/26/43  | 150000 | 151947 |
| **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** |
| 3.10%, 08/15/27 *(a)* | 200000 | 198752 |
| 4.60%, 03/01/28 *(a)* | 75000 | 76358 |
| 4.20%, 05/01/30 *(a)* | 100000 | 101581 |
| 4.60%, 03/01/33 *(a)* | 150000 | 154998 |
| 4.00%, 08/15/45  | 100000 | 87830 |
| 3.70%, 08/01/47 *(a)* | 100000 | 80899 |
| **CommonSpirit Health** | **CommonSpirit Health** | **CommonSpirit Health** |
| 6.07%, 11/01/27 *(a)* | 100000 | 103111 |
| 3.35%, 10/01/29 *(a)* | 150000 | 146194 |
| 4.35%, 09/01/30 *(a)* | 100000 | 100537 |
| 2.78%, 10/01/30 *(a)* | 150000 | 141174 |
| 5.21%, 12/01/31 *(a)* | 150000 | 156414 |
| 5.32%, 12/01/34 *(a)* | 125000 | 129228 |
| 4.83%, 09/01/35 *(a)* | 75000 | 75181 |
| 4.98%, 09/01/35 *(a)* | 100000 | 100828 |
| 4.35%, 11/01/42  | 150000 | 133968 |
| 5.58%, 09/01/45 *(a)* | 75000 | 75558 |
| 3.82%, 10/01/49 *(a)* | 150000 | 116366 |
| 4.19%, 10/01/49 *(a)* | 150000 | 122312 |
| 3.91%, 10/01/50 *(a)* | 100000 | 77155 |
| 6.46%, 11/01/52 *(a)* | 50000 | 55248 |
| 5.55%, 12/01/54 *(a)* | 100000 | 98461 |
| 5.66%, 09/01/55 *(a)* | 175000 | 175415 |
| **Community Health Network, Inc.** | **Community Health Network, Inc.** | **Community Health Network, Inc.** |
| 3.10%, 05/01/50 *(a)* | 85000 | 56443 |
| **Conagra Brands, Inc.** | **Conagra Brands, Inc.** | **Conagra Brands, Inc.** |
| 1.38%, 11/01/27 *(a)* | 250000 | 239335 |
| 7.00%, 10/01/28  | 100000 | 106986 |
| 4.85%, 11/01/28 *(a)* | 250000 | 253560 |
| 5.00%, 08/01/30 *(a)* | 90000 | 91840 |
| 8.25%, 09/15/30  | 100000 | 115076 |
| 5.75%, 08/01/35 *(a)* | 90000 | 92905 |
| 5.30%, 11/01/38 *(a)* | 175000 | 168681 |
| 5.40%, 11/01/48 *(a)* | 200000 | 179402 |
| **Constellation Brands, Inc.** | **Constellation Brands, Inc.** | **Constellation Brands, Inc.** |
| 3.50%, 05/09/27 *(a)* | 100000 | 99519 |
| 4.35%, 05/09/27 *(a)* | 100000 | 100476 |
| 3.60%, 02/15/28 *(a)* | 150000 | 149100 |
| 4.65%, 11/15/28 *(a)* | 100000 | 101580 |
| 4.80%, 01/15/29 *(a)* | 100000 | 102119 |
| 3.15%, 08/01/29 *(a)* | 150000 | 145840 |
| 2.88%, 05/01/30 *(a)* | 100000 | 95082 |
| 4.80%, 05/01/30 *(a)* | 100000 | 102556 |
| 2.25%, 08/01/31 *(a)* | 150000 | 134960 |
| 4.75%, 05/09/32 *(a)* | 150000 | 152575 |
| 4.90%, 05/01/33 *(a)* | 150000 | 152836 |
| 4.95%, 11/01/35 *(a)* | 75000 | 75129 |
| 4.50%, 05/09/47 *(a)* | 75000 | 64604 |
| 4.10%, 02/15/48 *(a)* | 100000 | 80683 |
| 5.25%, 11/15/48 *(a)* | 75000 | 70883 |
| 3.75%, 05/01/50 *(a)* | 125000 | 94298 |
| **Corewell Health Obligated Group** | **Corewell Health Obligated Group** | **Corewell Health Obligated Group** |
| 3.49%, 07/15/49 *(a)* | 50000 | 37584 |
| **Cottage Health Obligated Group** | **Cottage Health Obligated Group** | **Cottage Health Obligated Group** |
| 3.30%, 11/01/49 *(a)* | 100000 | 72396 |
| **CVS Health Corp.** | **CVS Health Corp.** | **CVS Health Corp.** |
| 3.63%, 04/01/27 *(a)* | 150000 | 149523 |
| 6.25%, 06/01/27  | 75000 | 77107 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.30%, 08/21/27 *(a)* | 400000 | 385176 |
| 4.30%, 03/25/28 *(a)* | 945000 | 950585 |
| 5.00%, 01/30/29 *(a)* | 200000 | 205246 |
| 5.40%, 06/01/29 *(a)* | 200000 | 207954 |
| 3.25%, 08/15/29 *(a)* | 300000 | 291780 |
| 5.13%, 02/21/30 *(a)* | 250000 | 257947 |
| 3.75%, 04/01/30 *(a)* | 300000 | 295317 |
| 1.75%, 08/21/30 *(a)* | 250000 | 224800 |
| 5.25%, 01/30/31 *(a)* | 150000 | 156297 |
| 1.88%, 02/28/31 *(a)* | 250000 | 222852 |
| 5.55%, 06/01/31 *(a)* | 150000 | 158239 |
| 2.13%, 09/15/31 *(a)* | 200000 | 177554 |
| 5.00%, 09/15/32 *(a)* | 200000 | 205258 |
| 5.25%, 02/21/33 *(a)* | 300000 | 311475 |
| 5.30%, 06/01/33 *(a)* | 200000 | 207398 |
| 5.70%, 06/01/34 *(a)* | 200000 | 211190 |
| 4.88%, 07/20/35 *(a)* | 100000 | 99404 |
| 5.45%, 09/15/35 *(a)* | 300000 | 309687 |
| 4.78%, 03/25/38 *(a)* | 950000 | 907924 |
| 6.13%, 09/15/39  | 75000 | 79679 |
| 4.13%, 04/01/40 *(a)* | 100000 | 87050 |
| 2.70%, 08/21/40 *(a)* | 75000 | 54941 |
| 5.30%, 12/05/43 *(a)* | 100000 | 94474 |
| 6.00%, 06/01/44 *(a)* | 150000 | 152530 |
| 5.13%, 07/20/45 *(a)* | 675000 | 617652 |
| 5.05%, 03/25/48 *(a)* | 1500000 | 1338225 |
| 4.25%, 04/01/50 *(a)* | 100000 | 79142 |
| 5.63%, 02/21/53 *(a)* | 250000 | 238145 |
| 5.88%, 06/01/53 *(a)* | 250000 | 245285 |
| 6.05%, 06/01/54 *(a)* | 175000 | 175968 |
| 6.20%, 09/15/55 *(a)* | 200000 | 205302 |
| 6.00%, 06/01/63 *(a)* | 175000 | 171458 |
| 6.25%, 09/15/65 *(a)* | 100000 | 101505 |
| **Danaher Corp.** | **Danaher Corp.** | **Danaher Corp.** |
| 4.38%, 09/15/45 *(a)* | 100000 | 88584 |
| 2.60%, 10/01/50 *(a)* | 200000 | 123926 |
| 2.80%, 12/10/51 *(a)* | 150000 | 96197 |
| **Dartmouth-Hitchcock Health** | **Dartmouth-Hitchcock Health** | **Dartmouth-Hitchcock Health** |
| 4.18%, 08/01/48 *(a)* | 50000 | 40752 |
| **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** |
| 3.25%, 06/01/30 *(a)* | 150000 | 140820 |
| **DH Europe Finance II SARL** | **DH Europe Finance II SARL** | **DH Europe Finance II SARL** |
| 2.60%, 11/15/29 *(a)* | 200000 | 190802 |
| 3.25%, 11/15/39 *(a)* | 150000 | 124263 |
| 3.40%, 11/15/49 *(a)* | 150000 | 109301 |
| **Diageo Capital PLC** | **Diageo Capital PLC** | **Diageo Capital PLC** |
| 5.30%, 10/24/27 *(a)* | 200000 | 204750 |
| 2.38%, 10/24/29 *(a)* | 200000 | 189520 |
| 2.00%, 04/29/30 *(a)* | 250000 | 230522 |
| 2.13%, 04/29/32 *(a)* | 200000 | 176338 |
| 5.50%, 01/24/33 *(a)* | 200000 | 212216 |
| 5.63%, 10/05/33 *(a)* | 200000 | 214524 |
| **Diageo Investment Corp.** | **Diageo Investment Corp.** | **Diageo Investment Corp.** |
| 5.13%, 08/15/30 *(a)* | 200000 | 208234 |
| 5.63%, 04/15/35 *(a)* | 200000 | 213116 |
| 4.25%, 05/11/42  | 150000 | 133266 |
| **Dignity Health** | **Dignity Health** | **Dignity Health** |
| 4.50%, 11/01/42  | 50000 | 44979 |
| 5.27%, 11/01/64  | 50000 | 46734 |
| **Duke University Health System, Inc.** | **Duke University Health System, Inc.** | **Duke University Health System, Inc.** |
| 3.92%, 06/01/47 *(a)* | 150000 | 124400 |
| **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** |
| 4.30%, 06/15/28 *(a)* | 100000 | 100643 |
| **Eli Lilly & Co.** | **Eli Lilly & Co.** | **Eli Lilly & Co.** |
| 5.50%, 03/15/27  | 100000 | 101960 |
| 3.10%, 05/15/27 *(a)* | 100000 | 99420 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**47**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.15%, 08/14/27 *(a)* | 100000 | 100752 |
| 4.55%, 02/12/28 *(a)* | 200000 | 203388 |
| 4.00%, 10/15/28 *(a)* | 100000 | 100904 |
| 4.50%, 02/09/29 *(a)* | 200000 | 204548 |
| 3.38%, 03/15/29 *(a)* | 200000 | 198124 |
| 4.20%, 08/14/29 *(a)* | 200000 | 202748 |
| 4.75%, 02/12/30 *(a)* | 250000 | 258407 |
| 4.25%, 03/15/31 *(a)* | 220000 | 223155 |
| 4.90%, 02/12/32 *(a)* | 200000 | 208276 |
| 4.55%, 10/15/32 *(a)* | 150000 | 153117 |
| 4.70%, 02/27/33 *(a)* | 200000 | 206008 |
| 4.70%, 02/09/34 *(a)* | 250000 | 256380 |
| 4.60%, 08/14/34 *(a)* | 200000 | 203124 |
| 5.10%, 02/12/35 *(a)* | 250000 | 260840 |
| 4.90%, 10/15/35 *(a)* | 220000 | 225432 |
| 5.55%, 03/15/37  | 75000 | 81408 |
| 3.70%, 03/01/45 *(a)* | 100000 | 81449 |
| 3.95%, 05/15/47 *(a)* | 50000 | 41501 |
| 3.95%, 03/15/49 *(a)* | 200000 | 163736 |
| 2.25%, 05/15/50 *(a)* | 200000 | 117250 |
| 4.88%, 02/27/53 *(a)* | 200000 | 184312 |
| 5.00%, 02/09/54 *(a)* | 300000 | 282222 |
| 5.05%, 08/14/54 *(a)* | 200000 | 189132 |
| 5.50%, 02/12/55 *(a)* | 250000 | 252030 |
| 5.55%, 10/15/55 *(a)* | 250000 | 254195 |
| 4.15%, 03/15/59 *(a)* | 75000 | 60594 |
| 2.50%, 09/15/60 *(a)* | 175000 | 96884 |
| 4.95%, 02/27/63 *(a)* | 200000 | 182180 |
| 5.10%, 02/09/64 *(a)* | 275000 | 255931 |
| 5.20%, 08/14/64 *(a)* | 150000 | 141764 |
| 5.60%, 02/12/65 *(a)* | 150000 | 151420 |
| 5.65%, 10/15/65 *(a)* | 150000 | 151911 |
| **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** |
| 3.15%, 03/15/27 *(a)* | 100000 | 99382 |
| 4.38%, 05/15/28 *(a)* | 100000 | 101160 |
| 2.38%, 12/01/29 *(a)* | 100000 | 94405 |
| 2.60%, 04/15/30 *(a)* | 150000 | 142227 |
| 1.95%, 03/15/31 *(a)* | 150000 | 135477 |
| 4.65%, 05/15/33 *(a)* | 100000 | 101525 |
| 5.00%, 02/14/34 *(a)* | 150000 | 155077 |
| 6.00%, 05/15/37  | 90000 | 99471 |
| 4.15%, 03/15/47 *(a)* | 100000 | 82099 |
| 3.13%, 12/01/49 *(a)* | 150000 | 102507 |
| 5.15%, 05/15/53 *(a)* | 100000 | 93806 |
| **Flowers Foods, Inc.** | **Flowers Foods, Inc.** | **Flowers Foods, Inc.** |
| 2.40%, 03/15/31 *(a)* | 100000 | 87998 |
| 5.75%, 03/15/35 *(a)* | 95000 | 94109 |
| 6.20%, 03/15/55 *(a)* | 75000 | 64858 |
| **Fomento Economico Mexicano SAB de CV** | **Fomento Economico Mexicano SAB de CV** | **Fomento Economico Mexicano SAB de CV** |
| 3.50%, 01/16/50 *(a)* | 300000 | 228453 |
| **Franciscan Missionaries of Our Lady Health System, Inc.** | **Franciscan Missionaries of Our Lady Health System, Inc.** | **Franciscan Missionaries of Our Lady Health System, Inc.** |
| 3.91%, 07/01/49 *(a)* | 50000 | 39388 |
| **Fred Hutchinson Cancer Center** | **Fred Hutchinson Cancer Center** | **Fred Hutchinson Cancer Center** |
| 4.97%, 01/01/52 *(a)* | 50000 | 46953 |
| **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** |
| 5.65%, 11/15/27 *(a)* | 300000 | 308352 |
| 4.15%, 12/15/28 *(a)* | 100000 | 100496 |
| 4.80%, 08/14/29 *(a)* | 200000 | 205048 |
| 5.86%, 03/15/30 *(a)* | 300000 | 318816 |
| 4.80%, 01/15/31 *(a)* | 120000 | 122964 |
| 5.91%, 11/22/32 *(a)* | 300000 | 324807 |
| 5.50%, 06/15/35 *(a)* | 160000 | 167630 |
| 4.95%, 12/15/35 *(a)* | 100000 | 100691 |
| 6.38%, 11/22/52 *(a)* | 200000 | 220002 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **General Mills, Inc.** | **General Mills, Inc.** | **General Mills, Inc.** |
| 4.20%, 04/17/28 *(a)* | 250000 | 250970 |
| 5.50%, 10/17/28 *(a)* | 100000 | 103739 |
| 4.88%, 01/30/30 *(a)* | 150000 | 153957 |
| 2.88%, 04/15/30 *(a)* | 150000 | 142634 |
| 2.25%, 10/14/31 *(a)* | 100000 | 89773 |
| 4.95%, 03/29/33 *(a)* | 200000 | 204602 |
| 5.25%, 01/30/35 *(a)* | 125000 | 128439 |
| 5.40%, 06/15/40  | 75000 | 76634 |
| 4.15%, 02/15/43 *(a)* | 75000 | 63685 |
| 4.70%, 04/17/48 *(a)* | 75000 | 66899 |
| 3.00%, 02/01/51 *(a)* | 150000 | 98391 |
| **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** |
| 2.95%, 03/01/27 *(a)* | 200000 | 198568 |
| 1.20%, 10/01/27 *(a)* | 150000 | 144324 |
| 4.80%, 11/15/29 *(a)* | 150000 | 154621 |
| 1.65%, 10/01/30 *(a)* | 200000 | 180894 |
| 5.25%, 10/15/33 *(a)* | 200000 | 211150 |
| 5.10%, 06/15/35 *(a)* | 200000 | 207056 |
| 4.60%, 09/01/35 *(a)* | 200000 | 199918 |
| 4.00%, 09/01/36 *(a)* | 150000 | 141609 |
| 2.60%, 10/01/40 *(a)* | 200000 | 149880 |
| 5.65%, 12/01/41 *(a)* | 224000 | 234907 |
| 4.80%, 04/01/44 *(a)* | 300000 | 280878 |
| 4.50%, 02/01/45 *(a)* | 300000 | 268512 |
| 4.75%, 03/01/46 *(a)* | 420000 | 384888 |
| 4.15%, 03/01/47 *(a)* | 300000 | 252450 |
| 2.80%, 10/01/50 *(a)* | 250000 | 160955 |
| 5.55%, 10/15/53 *(a)* | 175000 | 176125 |
| 5.50%, 11/15/54 *(a)* | 225000 | 224386 |
| 5.60%, 11/15/64 *(a)* | 150000 | 150348 |
| **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** |
| 3.38%, 06/01/29 *(a)* | 200000 | 197338 |
| **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** |
| 3.88%, 05/15/28  | 400000 | 401844 |
| 4.50%, 04/15/30 *(a)* | 150000 | 153547 |
| 5.38%, 04/15/34  | 100000 | 107173 |
| 4.88%, 04/15/35 *(a)* | 150000 | 153171 |
| 6.38%, 05/15/38  | 463000 | 528765 |
| 4.20%, 03/18/43  | 100000 | 89721 |
| **Hackensack Meridian Health, Inc.** | **Hackensack Meridian Health, Inc.** | **Hackensack Meridian Health, Inc.** |
| 2.68%, 09/01/41 *(a)* | 200000 | 149238 |
| 2.88%, 09/01/50 *(a)* | 100000 | 65854 |
| 4.50%, 07/01/57 *(a)* | 50000 | 44123 |
| **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** |
| 3.38%, 03/24/27 *(a)* | 250000 | 248835 |
| 3.38%, 03/24/29 *(a)* | 250000 | 245872 |
| 3.63%, 03/24/32 *(a)* | 400000 | 385552 |
| 4.00%, 03/24/52 *(a)* | 250000 | 200992 |
| **Hartford HealthCare Corp.** | **Hartford HealthCare Corp.** | **Hartford HealthCare Corp.** |
| 3.45%, 07/01/54  | 75000 | 55361 |
| **Hasbro, Inc.** | **Hasbro, Inc.** | **Hasbro, Inc.** |
| 3.50%, 09/15/27 *(a)* | 100000 | 99344 |
| 3.90%, 11/19/29 *(a)* | 200000 | 198320 |
| 6.05%, 05/14/34 *(a)* | 100000 | 107452 |
| 6.35%, 03/15/40  | 100000 | 108221 |
| 5.10%, 05/15/44 *(a)* | 50000 | 46162 |
| **HCA, Inc.** | **HCA, Inc.** | **HCA, Inc.** |
| 3.13%, 03/15/27 *(a)* | 200000 | 198366 |
| 5.00%, 03/01/28 *(a)* | 150000 | 153096 |
| 5.20%, 06/01/28 *(a)* | 200000 | 204970 |
| 5.63%, 09/01/28 *(a)* | 300000 | 309414 |
| 5.88%, 02/01/29 *(a)* | 200000 | 208414 |
| 3.38%, 03/15/29 *(a)* | 100000 | 98232 |
| 4.13%, 06/15/29 *(a)* | 350000 | 350532 |
| 5.25%, 03/01/30 *(a)* | 150000 | 155659 |

---

*See financial notes*

**48**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.50%, 09/01/30 *(a)* | 500000 | 484530 |
| 4.30%, 11/15/30 *(a)* | 75000 | 75137 |
| 5.45%, 04/01/31 *(a)* | 300000 | 314139 |
| 2.38%, 07/15/31 *(a)* | 175000 | 158109 |
| 5.50%, 03/01/32 *(a)* | 150000 | 157405 |
| 3.63%, 03/15/32 *(a)* | 350000 | 333529 |
| 4.60%, 11/15/32 *(a)* | 150000 | 150229 |
| 5.50%, 06/01/33 *(a)* | 250000 | 262100 |
| 5.60%, 04/01/34 *(a)* | 250000 | 262640 |
| 5.45%, 09/15/34 *(a)* | 200000 | 207808 |
| 5.75%, 03/01/35 *(a)* | 275000 | 291241 |
| 4.90%, 11/15/35 *(a)* | 150000 | 149403 |
| 5.13%, 06/15/39 *(a)* | 200000 | 195190 |
| 4.38%, 03/15/42 *(a)* | 100000 | 86846 |
| 5.50%, 06/15/47 *(a)* | 275000 | 262625 |
| 5.25%, 06/15/49 *(a)* | 350000 | 320432 |
| 3.50%, 07/15/51 *(a)* | 325000 | 224383 |
| 4.63%, 03/15/52 *(a)* | 350000 | 290475 |
| 5.90%, 06/01/53 *(a)* | 175000 | 172454 |
| 6.00%, 04/01/54 *(a)* | 275000 | 275566 |
| 5.95%, 09/15/54 *(a)* | 200000 | 199160 |
| 6.20%, 03/01/55 *(a)* | 250000 | 256777 |
| 5.70%, 11/15/55 *(a)* | 150000 | 144576 |
| 6.10%, 04/01/64 *(a)* | 150000 | 150054 |
| **Hershey Co.** | **Hershey Co.** | **Hershey Co.** |
| 4.55%, 02/24/28 *(a)* | 75000 | 76273 |
| 4.25%, 05/04/28 *(a)* | 50000 | 50535 |
| 2.45%, 11/15/29 *(a)* | 100000 | 95163 |
| 4.75%, 02/24/30 *(a)* | 75000 | 77435 |
| 4.95%, 02/24/32 *(a)* | 75000 | 78419 |
| 4.50%, 05/04/33 *(a)* | 150000 | 152848 |
| 5.10%, 02/24/35 *(a)* | 75000 | 78737 |
| 3.13%, 11/15/49 *(a)* | 100000 | 71226 |
| 2.65%, 06/01/50 *(a)* | 100000 | 63949 |
| **Hoag Memorial Hospital Presbyterian** | **Hoag Memorial Hospital Presbyterian** | **Hoag Memorial Hospital Presbyterian** |
| 3.80%, 07/15/52 *(a)* | 100000 | 79317 |
| **Hormel Foods Corp.** | **Hormel Foods Corp.** | **Hormel Foods Corp.** |
| 4.80%, 03/30/27 *(a)* | 100000 | 101040 |
| 1.70%, 06/03/28 *(a)* | 150000 | 143328 |
| 1.80%, 06/11/30 *(a)* | 150000 | 136932 |
| 3.05%, 06/03/51 *(a)* | 150000 | 100740 |
| **Icon Investments Six DAC** | **Icon Investments Six DAC** | **Icon Investments Six DAC** |
| 5.81%, 05/08/27 *(a)* | 200000 | 201862 |
| 5.85%, 05/08/29 *(a)* | 200000 | 204858 |
| 6.00%, 05/08/34 *(a)* | 200000 | 205346 |
| **Illumina, Inc.** | **Illumina, Inc.** | **Illumina, Inc.** |
| 5.75%, 12/13/27 *(a)* | 100000 | 102922 |
| 4.75%, 12/12/30 *(a)* | 90000 | 91384 |
| 2.55%, 03/23/31 *(a)* | 150000 | 137706 |
| **Indiana University Health, Inc. Obligated Group** | **Indiana University Health, Inc. Obligated Group** | **Indiana University Health, Inc. Obligated Group** |
| 3.97%, 11/01/48 *(a)* | 55000 | 45670 |
| 2.85%, 11/01/51 *(a)* | 75000 | 48998 |
| **Ingredion, Inc.** | **Ingredion, Inc.** | **Ingredion, Inc.** |
| 2.90%, 06/01/30 *(a)* | 150000 | 143249 |
| 3.90%, 06/01/50 *(a)* | 100000 | 78440 |
| **Inova Health System Foundation** | **Inova Health System Foundation** | **Inova Health System Foundation** |
| 4.07%, 05/15/52 *(a)* | 75000 | 61306 |
| **Integris Baptist Medical Center, Inc.** | **Integris Baptist Medical Center, Inc.** | **Integris Baptist Medical Center, Inc.** |
| 3.88%, 08/15/50 *(a)* | 100000 | 76456 |
| **IQVIA, Inc.** | **IQVIA, Inc.** | **IQVIA, Inc.** |
| 5.70%, 05/15/28 *(a)* | 200000 | 205912 |
| 6.25%, 02/01/29 *(a)* | 200000 | 210274 |
| **J.M. Smucker Co.** | **J.M. Smucker Co.** | **J.M. Smucker Co.** |
| 5.90%, 11/15/28 *(a)* | 200000 | 209730 |
| 2.38%, 03/15/30 *(a)* | 100000 | 93705 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.13%, 03/15/32 *(a)* | 75000 | 65914 |
| 6.20%, 11/15/33 *(a)* | 200000 | 219414 |
| 4.25%, 03/15/35  | 100000 | 95963 |
| 6.50%, 11/15/43 *(a)* | 200000 | 218306 |
| 4.38%, 03/15/45  | 100000 | 86860 |
| 6.50%, 11/15/53 *(a)* | 150000 | 165001 |
| **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** |
| 3.00%, 02/02/29 *(a)* | 100000 | 97151 |
| 3.75%, 12/01/31 *(a)* | 100000 | 95667 |
| 3.63%, 01/15/32 *(a)* | 200000 | 189614 |
| 3.00%, 05/15/32 *(a)* | 250000 | 227902 |
| 5.75%, 04/01/33 *(a)* | 300000 | 315669 |
| 6.75%, 03/15/34 *(a)* | 300000 | 334551 |
| 5.95%, 04/20/35 *(a)* | 150000 | 159402 |
| 5.50%, 01/15/36 *(a)* | 200000 | 205502 |
| 4.38%, 02/02/52 *(a)* | 150000 | 118619 |
| 6.50%, 12/01/52 *(a)* | 300000 | 316845 |
| 7.25%, 11/15/53 *(a)* | 200000 | 228936 |
| 6.38%, 02/25/55 *(a)* | 150000 | 156223 |
| 6.25%, 03/01/56 *(a)* | 200000 | 204582 |
| 6.38%, 04/15/66 *(a)* | 200000 | 204278 |
| **Johns Hopkins Health System Corp.** | **Johns Hopkins Health System Corp.** | **Johns Hopkins Health System Corp.** |
| 3.84%, 05/15/46  | 150000 | 123833 |
| **Johnson & Johnson** | **Johnson & Johnson** | **Johnson & Johnson** |
| 4.50%, 03/01/27  | 150000 | 151524 |
| 2.95%, 03/03/27 *(a)* | 200000 | 198906 |
| 0.95%, 09/01/27 *(a)* | 300000 | 288933 |
| 2.90%, 01/15/28 *(a)* | 200000 | 197988 |
| 4.55%, 03/01/28 *(a)* | 150000 | 152835 |
| 4.80%, 06/01/29 *(a)* | 200000 | 207094 |
| 6.95%, 09/01/29  | 50000 | 55380 |
| 4.70%, 03/01/30 *(a)* | 200000 | 207376 |
| 1.30%, 09/01/30 *(a)* | 350000 | 316064 |
| 4.90%, 06/01/31 *(a)* | 200000 | 209866 |
| 4.85%, 03/01/32 *(a)* | 250000 | 262207 |
| 4.95%, 05/15/33  | 100000 | 106073 |
| 4.38%, 12/05/33 *(a)* | 150000 | 152800 |
| 4.95%, 06/01/34 *(a)* | 150000 | 158817 |
| 5.00%, 03/01/35 *(a)* | 250000 | 263042 |
| 3.55%, 03/01/36 *(a)* | 200000 | 186426 |
| 3.63%, 03/03/37 *(a)* | 275000 | 253520 |
| 5.95%, 08/15/37  | 200000 | 224716 |
| 3.40%, 01/15/38 *(a)* | 150000 | 133809 |
| 5.85%, 07/15/38  | 100000 | 111570 |
| 2.10%, 09/01/40 *(a)* | 175000 | 126275 |
| 4.50%, 09/01/40  | 100000 | 97638 |
| 4.85%, 05/15/41  | 75000 | 75337 |
| 4.50%, 12/05/43 *(a)* | 100000 | 94807 |
| 3.70%, 03/01/46 *(a)* | 405000 | 332942 |
| 3.75%, 03/03/47 *(a)* | 200000 | 163436 |
| 3.50%, 01/15/48 *(a)* | 150000 | 117614 |
| 2.25%, 09/01/50 *(a)* | 200000 | 120142 |
| 5.25%, 06/01/54 *(a)* | 125000 | 126973 |
| 2.45%, 09/01/60 *(a)* | 250000 | 140068 |
| **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** |
| 3.15%, 05/01/27 *(a)* | 100000 | 99448 |
| 2.81%, 06/01/41 *(a)* | 250000 | 190912 |
| 4.88%, 04/01/42  | 150000 | 146452 |
| 4.15%, 05/01/47 *(a)* | 300000 | 257691 |
| 3.27%, 11/01/49 *(a)* | 150000 | 109212 |
| 3.00%, 06/01/51 *(a)* | 250000 | 169292 |
| **Kellanova** | **Kellanova** | **Kellanova** |
| 3.40%, 11/15/27 *(a)* | 100000 | 99449 |
| 4.30%, 05/15/28 *(a)* | 100000 | 100947 |
| 2.10%, 06/01/30 *(a)* | 150000 | 139097 |
| 7.45%, 04/01/31  | 100000 | 115268 |
| 5.25%, 03/01/33 *(a)* | 75000 | 78793 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**49**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.50%, 04/01/46  | 100000 | 90226 |
| 5.75%, 05/16/54 *(a)* | 75000 | 76872 |
| **Kenvue, Inc.** | **Kenvue, Inc.** | **Kenvue, Inc.** |
| 5.05%, 03/22/28 *(a)* | 150000 | 153582 |
| 5.00%, 03/22/30 *(a)* | 150000 | 155503 |
| 4.85%, 05/22/32 *(a)* | 200000 | 206850 |
| 4.90%, 03/22/33 *(a)* | 225000 | 232405 |
| 5.10%, 03/22/43 *(a)* | 150000 | 147564 |
| 5.05%, 03/22/53 *(a)* | 250000 | 233482 |
| 5.20%, 03/22/63 *(a)* | 150000 | 139442 |
| **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** |
| 5.10%, 03/15/27 *(a)* | 150000 | 151621 |
| 3.43%, 06/15/27 *(a)* | 100000 | 99280 |
| 4.35%, 05/15/28 *(a)* | 100000 | 100597 |
| 4.60%, 05/25/28 *(a)* | 175000 | 176780 |
| 5.05%, 03/15/29 *(a)* | 150000 | 153787 |
| 3.95%, 04/15/29 *(a)* | 175000 | 173980 |
| 3.20%, 05/01/30 *(a)* | 100000 | 95790 |
| 4.60%, 05/15/30 *(a)* | 100000 | 101021 |
| 2.25%, 03/15/31 *(a)* | 100000 | 90309 |
| 5.20%, 03/15/31 *(a)* | 75000 | 77554 |
| 4.05%, 04/15/32 *(a)* | 200000 | 194720 |
| 5.30%, 03/15/34 *(a)* | 150000 | 154431 |
| 5.15%, 05/15/35 *(a)* | 75000 | 76065 |
| 4.50%, 11/15/45 *(a)* | 150000 | 128373 |
| 4.42%, 12/15/46 *(a)* | 50000 | 41646 |
| 5.09%, 05/25/48 *(a)* | 75000 | 68397 |
| 3.80%, 05/01/50 *(a)* | 150000 | 110831 |
| 3.35%, 03/15/51 *(a)* | 100000 | 68074 |
| 4.50%, 04/15/52 *(a)* | 200000 | 165502 |
| **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** |
| 1.05%, 09/15/27 *(a)* | 50000 | 48113 |
| 3.95%, 11/01/28 *(a)* | 100000 | 100532 |
| 3.20%, 04/25/29 *(a)* | 100000 | 98353 |
| 3.10%, 03/26/30 *(a)* | 100000 | 96989 |
| 2.00%, 11/02/31 *(a)* | 150000 | 135951 |
| 4.50%, 02/16/33 *(a)* | 100000 | 102289 |
| 6.63%, 08/01/37  | 150000 | 174712 |
| 5.30%, 03/01/41  | 100000 | 104218 |
| 3.20%, 07/30/46 *(a)* | 100000 | 73581 |
| 3.90%, 05/04/47 *(a)* | 100000 | 81497 |
| 2.88%, 02/07/50 *(a)* | 150000 | 103005 |
| **Koninklijke Ahold Delhaize NV** | **Koninklijke Ahold Delhaize NV** | **Koninklijke Ahold Delhaize NV** |
| 5.70%, 10/01/40  | 113000 | 119816 |
| **Koninklijke Philips NV** | **Koninklijke Philips NV** | **Koninklijke Philips NV** |
| 6.88%, 03/11/38  | 150000 | 171343 |
| 5.00%, 03/15/42  | 95000 | 90463 |
| **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** |
| 3.88%, 05/15/27 *(a)* | 250000 | 249582 |
| 4.63%, 01/30/29 *(a)* | 75000 | 76262 |
| 3.75%, 04/01/30 *(a)* | 125000 | 123139 |
| 4.25%, 03/01/31 *(a)* | 100000 | 99944 |
| 5.20%, 03/15/32 *(a)* | 75000 | 77768 |
| 6.75%, 03/15/32  | 75000 | 83650 |
| 5.40%, 03/15/35 *(a)* | 75000 | 77472 |
| 5.00%, 07/15/35 *(a)* | 100000 | 100315 |
| 6.88%, 01/26/39  | 150000 | 168964 |
| 4.63%, 10/01/39 *(a)* | 75000 | 68675 |
| 6.50%, 02/09/40  | 125000 | 135893 |
| 5.00%, 06/04/42  | 275000 | 252640 |
| 5.20%, 07/15/45 *(a)* | 350000 | 321128 |
| 4.38%, 06/01/46 *(a)* | 500000 | 410655 |
| 4.88%, 10/01/49 *(a)* | 250000 | 215797 |
| 5.50%, 06/01/50 *(a)* | 200000 | 187038 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kroger Co.** | **Kroger Co.** | **Kroger Co.** |
| 3.70%, 08/01/27 *(a)* | 100000 | 99828 |
| 4.50%, 01/15/29 *(a)* | 100000 | 101724 |
| 2.20%, 05/01/30 *(a)* | 100000 | 93143 |
| 1.70%, 01/15/31 *(a)* | 100000 | 89089 |
| 7.50%, 04/01/31  | 75000 | 86165 |
| 5.00%, 09/15/34 *(a)* | 400000 | 406540 |
| 6.90%, 04/15/38  | 50000 | 58418 |
| 5.40%, 07/15/40 *(a)* | 50000 | 50859 |
| 5.00%, 04/15/42 *(a)* | 100000 | 95714 |
| 5.15%, 08/01/43 *(a)* | 75000 | 72623 |
| 3.88%, 10/15/46 *(a)* | 100000 | 79262 |
| 4.45%, 02/01/47 *(a)* | 200000 | 171190 |
| 4.65%, 01/15/48 *(a)* | 100000 | 87856 |
| 5.40%, 01/15/49 *(a)* | 100000 | 97041 |
| 3.95%, 01/15/50 *(a)* | 150000 | 116534 |
| 5.50%, 09/15/54 *(a)* | 375000 | 362179 |
| 5.65%, 09/15/64 *(a)* | 275000 | 265958 |
| **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** |
| 3.60%, 09/01/27 *(a)* | 150000 | 149452 |
| 2.95%, 12/01/29 *(a)* | 100000 | 96212 |
| 4.35%, 04/01/30 *(a)* | 100000 | 100858 |
| 2.70%, 06/01/31 *(a)* | 75000 | 69455 |
| 4.55%, 04/01/32 *(a)* | 100000 | 100879 |
| 4.80%, 10/01/34 *(a)* | 175000 | 175411 |
| 4.70%, 02/01/45 *(a)* | 150000 | 136745 |
| **Mass General Brigham, Inc.** | **Mass General Brigham, Inc.** | **Mass General Brigham, Inc.** |
| 3.77%, 07/01/48 *(a)* | 100000 | 80005 |
| 4.12%, 07/01/55 *(c)* | 100000 | 84538 |
| 3.34%, 07/01/60 *(a)* | 100000 | 68132 |
| **Mattel, Inc.** | **Mattel, Inc.** | **Mattel, Inc.** |
| 5.00%, 11/17/30 *(a)* | 110000 | 111650 |
| 5.45%, 11/01/41 *(a)* | 75000 | 71156 |
| **Mayo Clinic** | **Mayo Clinic** | **Mayo Clinic** |
| 4.00%, 11/15/47  | 100000 | 83867 |
| 3.20%, 11/15/61 *(a)* | 150000 | 99740 |
| **McCormick & Co., Inc.** | **McCormick & Co., Inc.** | **McCormick & Co., Inc.** |
| 3.40%, 08/15/27 *(a)* | 150000 | 149296 |
| 4.15%, 02/15/29 *(a)* | 100000 | 100709 |
| 2.50%, 04/15/30 *(a)* | 100000 | 93884 |
| 1.85%, 02/15/31 *(a)* | 100000 | 89405 |
| 4.95%, 04/15/33 *(a)* | 100000 | 102640 |
| 4.70%, 10/15/34 *(a)* | 75000 | 74998 |
| 4.20%, 08/15/47 *(a)* | 50000 | 41765 |
| **McKesson Corp.** | **McKesson Corp.** | **McKesson Corp.** |
| 3.95%, 02/16/28 *(a)* | 100000 | 100200 |
| 4.90%, 07/15/28 *(a)* | 75000 | 76916 |
| 4.25%, 09/15/29 *(a)* | 100000 | 101060 |
| 4.65%, 05/30/30 *(a)* | 100000 | 102391 |
| 4.95%, 05/30/32 *(a)* | 100000 | 104079 |
| 5.10%, 07/15/33 *(a)* | 150000 | 156747 |
| 5.25%, 05/30/35 *(a)* | 100000 | 104926 |
| **McLaren Health Care Corp.** | **McLaren Health Care Corp.** | **McLaren Health Care Corp.** |
| Series A <br>4.39%, 05/15/48 *(a)*<br>| 100000 | 87035 |
| **Mead Johnson Nutrition Co.** | **Mead Johnson Nutrition Co.** | **Mead Johnson Nutrition Co.** |
| 4.60%, 06/01/44 *(a)* | 100000 | 91184 |
| **MedStar Health, Inc.** | **MedStar Health, Inc.** | **MedStar Health, Inc.** |
| 3.63%, 08/15/49  | 50000 | 37451 |
| **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** |
| 4.25%, 03/30/28 *(a)* | 200000 | 201958 |
| 4.50%, 03/30/33 *(a)* | 150000 | 151617 |
| **Medtronic, Inc.** | **Medtronic, Inc.** | **Medtronic, Inc.** |
| 4.38%, 03/15/35  | 400000 | 396116 |
| 4.63%, 03/15/45  | 325000 | 301879 |

---

*See financial notes*

**50**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Memorial Sloan-Kettering Cancer Center** | **Memorial Sloan-Kettering Cancer Center** | **Memorial Sloan-Kettering Cancer Center** |
| 5.00%, 07/01/42  | 100000 | 98943 |
| 4.20%, 07/01/55  | 190000 | 160425 |
| **Merck & Co., Inc.** | **Merck & Co., Inc.** | **Merck & Co., Inc.** |
| 1.70%, 06/10/27 *(a)* | 300000 | 293136 |
| 3.85%, 09/15/27  | 125000 | 125608 |
| 4.05%, 05/17/28 *(a)* | 100000 | 100818 |
| 1.90%, 12/10/28 *(a)* | 200000 | 190938 |
| 3.40%, 03/07/29 *(a)* | 350000 | 346801 |
| 3.85%, 03/15/29 *(a)* | 125000 | 125508 |
| 4.30%, 05/17/30 *(a)* | 150000 | 152416 |
| 1.45%, 06/24/30 *(a)* | 250000 | 226407 |
| 4.15%, 09/15/30 *(a)* | 125000 | 126379 |
| 4.15%, 03/15/31 *(a)* | 175000 | 176328 |
| 2.15%, 12/10/31 *(a)* | 350000 | 316456 |
| 4.55%, 09/15/32 *(a)* | 175000 | 179266 |
| 4.45%, 12/04/32 *(a)* | 175000 | 177362 |
| 4.50%, 05/17/33 *(a)* | 300000 | 305532 |
| 6.50%, 12/01/33 *(f)(g)* | 100000 | 114085 |
| 4.95%, 09/15/35 *(a)* | 325000 | 333242 |
| 4.75%, 12/04/35 *(a)* | 250000 | 252657 |
| 6.55%, 09/15/37  | 100000 | 115718 |
| 3.90%, 03/07/39 *(a)* | 200000 | 182164 |
| 2.35%, 06/24/40 *(a)* | 175000 | 128434 |
| 3.60%, 09/15/42 *(a)* | 100000 | 82613 |
| 4.15%, 05/18/43  | 200000 | 175644 |
| 4.90%, 05/17/44 *(a)* | 150000 | 143091 |
| 3.70%, 02/10/45 *(a)* | 400000 | 323504 |
| 5.50%, 03/15/46 *(a)* | 125000 | 126598 |
| 4.00%, 03/07/49 *(a)* | 300000 | 244494 |
| 2.45%, 06/24/50 *(a)* | 250000 | 150357 |
| 2.75%, 12/10/51 *(a)* | 350000 | 220227 |
| 5.00%, 05/17/53 *(a)* | 350000 | 326035 |
| 5.70%, 09/15/55 *(a)* | 230000 | 235180 |
| 5.55%, 12/04/55 *(a)* | 300000 | 300903 |
| 2.90%, 12/10/61 *(a)* | 250000 | 148625 |
| 5.15%, 05/17/63 *(a)* | 200000 | 186380 |
| 5.70%, 12/04/65 *(a)* | 175000 | 175908 |
| **Merck Sharp & Dohme Corp.** | **Merck Sharp & Dohme Corp.** | **Merck Sharp & Dohme Corp.** |
| 5.95%, 12/01/28  | 75000 | 79360 |
| 5.75%, 11/15/36  | 60000 | 66154 |
| **Methodist Hospital** | **Methodist Hospital** | **Methodist Hospital** |
| 2.71%, 12/01/50 *(a)* | 150000 | 95646 |
| **Molson Coors Beverage Co.** | **Molson Coors Beverage Co.** | **Molson Coors Beverage Co.** |
| 5.00%, 05/01/42  | 200000 | 187466 |
| 4.20%, 07/15/46 *(a)* | 330000 | 268491 |
| **Mondelez International, Inc.** | **Mondelez International, Inc.** | **Mondelez International, Inc.** |
| 2.63%, 03/17/27 *(a)* | 150000 | 148168 |
| 4.25%, 05/06/28 *(a)* | 100000 | 100738 |
| 4.13%, 05/07/28 *(a)* | 100000 | 100362 |
| 4.75%, 02/20/29 *(a)* | 100000 | 102357 |
| 2.75%, 04/13/30 *(a)* | 150000 | 142364 |
| 4.50%, 05/06/30 *(a)* | 100000 | 101550 |
| 1.50%, 02/04/31 *(a)* | 75000 | 66101 |
| 3.00%, 03/17/32 *(a)* | 150000 | 139211 |
| 1.88%, 10/15/32 *(a)* | 75000 | 65200 |
| 4.75%, 08/28/34 *(a)* | 100000 | 100795 |
| 5.13%, 05/06/35 *(a)* | 100000 | 103384 |
| 2.63%, 09/04/50 *(a)* | 150000 | 91739 |
| **Montefiore Obligated Group** | **Montefiore Obligated Group** | **Montefiore Obligated Group** |
| 5.25%, 11/01/48  | 75000 | 64219 |
| 4.29%, 09/01/50  | 100000 | 74019 |
| **Mount Nittany Medical Center Obligated Group** | **Mount Nittany Medical Center Obligated Group** | **Mount Nittany Medical Center Obligated Group** |
| 3.80%, 11/15/52  | 50000 | 38476 |
| **Mount Sinai Hospital** | **Mount Sinai Hospital** | **Mount Sinai Hospital** |
| 3.74%, 07/01/49 *(a)* | 100000 | 69915 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mylan, Inc.** | **Mylan, Inc.** | **Mylan, Inc.** |
| 4.55%, 04/15/28 *(a)* | 150000 | 150739 |
| 5.40%, 11/29/43 *(a)* | 100000 | 88203 |
| 5.20%, 04/15/48 *(a)* | 100000 | 82905 |
| **MyMichigan Health** | **MyMichigan Health** | **MyMichigan Health** |
| 3.41%, 06/01/50 *(a)* | 75000 | 54683 |
| **Nationwide Children's Hospital, Inc.** | **Nationwide Children's Hospital, Inc.** | **Nationwide Children's Hospital, Inc.** |
| 4.56%, 11/01/52 *(a)* | 75000 | 67398 |
| **New York & Presbyterian Hospital** | **New York & Presbyterian Hospital** | **New York & Presbyterian Hospital** |
| 2.26%, 08/01/40 *(a)* | 100000 | 72316 |
| 4.02%, 08/01/45  | 150000 | 128309 |
| 2.61%, 08/01/60 *(a)* | 50000 | 29092 |
| 3.95%, 08/01/19 *(a)* | 100000 | 71688 |
| **Northwell Healthcare, Inc.** | **Northwell Healthcare, Inc.** | **Northwell Healthcare, Inc.** |
| 3.98%, 11/01/46 *(a)* | 45000 | 36912 |
| 4.26%, 11/01/47 *(a)* | 150000 | 127082 |
| 3.81%, 11/01/49 *(a)* | 100000 | 77299 |
| **Northwestern Memorial Healthcare Obligated Group** | **Northwestern Memorial Healthcare Obligated Group** | **Northwestern Memorial Healthcare Obligated Group** |
| 2.63%, 07/15/51 *(a)* | 75000 | 47693 |
| **Novant Health, Inc.** | **Novant Health, Inc.** | **Novant Health, Inc.** |
| 2.64%, 11/01/36 *(a)* | 100000 | 82407 |
| 3.17%, 11/01/51 *(a)* | 100000 | 68575 |
| 3.32%, 11/01/61 *(a)* | 75000 | 49851 |
| **Novartis Capital Corp.** | **Novartis Capital Corp.** | **Novartis Capital Corp.** |
| 3.10%, 05/17/27 *(a)* | 200000 | 198900 |
| 3.90%, 11/05/28 *(a)* | 130000 | 130616 |
| 3.80%, 09/18/29 *(a)* | 175000 | 175136 |
| 2.20%, 08/14/30 *(a)* | 350000 | 326511 |
| 4.10%, 11/05/30 *(a)* | 320000 | 322045 |
| 4.00%, 09/18/31 *(a)* | 150000 | 150589 |
| 4.30%, 11/05/32 *(a)* | 170000 | 171380 |
| 4.20%, 09/18/34 *(a)* | 200000 | 198434 |
| 4.60%, 11/05/35 *(a)* | 170000 | 170954 |
| 3.70%, 09/21/42  | 100000 | 84410 |
| 4.40%, 05/06/44  | 350000 | 318500 |
| 5.20%, 11/05/45 *(a)* | 60000 | 59517 |
| 4.00%, 11/20/45 *(a)* | 225000 | 192391 |
| 2.75%, 08/14/50 *(a)* | 200000 | 131374 |
| 4.70%, 09/18/54 *(a)* | 125000 | 113278 |
| 5.30%, 11/05/55 *(a)* | 100000 | 99077 |
| **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** | **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** | **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** |
| Series 2020 <br>2.67%, 10/01/50 *(a)*<br>| 50000 | 31811 |
| **NYU Langone Hospitals** | **NYU Langone Hospitals** | **NYU Langone Hospitals** |
| 4.78%, 07/01/44  | 50000 | 47354 |
| 4.37%, 07/01/47 *(a)* | 100000 | 88894 |
| 3.38%, 07/01/55 *(a)(c)* | 150000 | 106994 |
| **Ochsner LSU Health System of North Louisiana** | **Ochsner LSU Health System of North Louisiana** | **Ochsner LSU Health System of North Louisiana** |
| 2.51%, 05/15/31 *(a)* | 50000 | 43729 |
| **OhioHealth Corp.** | **OhioHealth Corp.** | **OhioHealth Corp.** |
| 2.30%, 11/15/31 *(a)* | 150000 | 136992 |
| 2.83%, 11/15/41 *(a)* | 75000 | 57400 |
| **Orlando Health Obligated Group** | **Orlando Health Obligated Group** | **Orlando Health Obligated Group** |
| 5.48%, 10/01/35 *(a)* | 100000 | 106447 |
| 4.09%, 10/01/48 *(a)* | 50000 | 42366 |
| 3.33%, 10/01/50 *(a)* | 50000 | 37099 |
| **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** |
| 4.34%, 11/15/28 *(a)* | 75000 | 75632 |
| 4.86%, 11/15/32 *(a)* | 75000 | 76668 |
| 4.79%, 11/15/48 *(a)* | 75000 | 67802 |
| 3.22%, 11/15/50 *(a)* | 100000 | 68410 |
| **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** |
| 4.70%, 02/16/34 *(a)* | 100000 | 101802 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**51**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **PepsiCo, Inc.** | **PepsiCo, Inc.** | **PepsiCo, Inc.** |
| 2.63%, 03/19/27 *(a)* | 150000 | 148366 |
| 3.00%, 10/15/27 *(a)* | 250000 | 247985 |
| 4.45%, 02/07/28 *(a)* | 150000 | 152332 |
| 3.60%, 02/18/28 *(a)* | 150000 | 150048 |
| 4.45%, 05/15/28 *(a)* | 125000 | 127066 |
| 4.10%, 01/15/29 *(a)* | 130000 | 131400 |
| 7.00%, 03/01/29  | 150000 | 163930 |
| 4.50%, 07/17/29 *(a)* | 150000 | 153555 |
| 2.63%, 07/29/29 *(a)* | 250000 | 241087 |
| 4.60%, 02/07/30 *(a)* | 200000 | 205692 |
| 2.75%, 03/19/30 *(a)* | 300000 | 287760 |
| 1.63%, 05/01/30 *(a)* | 200000 | 183014 |
| 4.30%, 07/23/30 *(a)* | 120000 | 122434 |
| 1.40%, 02/25/31 *(a)* | 200000 | 177882 |
| 1.95%, 10/21/31 *(a)* | 250000 | 224755 |
| 3.90%, 07/18/32 *(a)* | 200000 | 198508 |
| 4.65%, 07/23/32 *(a)* | 150000 | 154648 |
| 4.45%, 02/15/33 *(a)* | 150000 | 154012 |
| 4.80%, 07/17/34 *(a)* | 100000 | 103545 |
| 5.00%, 02/07/35 *(a)* | 225000 | 233167 |
| 5.00%, 07/23/35 *(a)* | 220000 | 228030 |
| 5.50%, 01/15/40  | 150000 | 160017 |
| 3.50%, 03/19/40 *(a)* | 50000 | 43190 |
| 4.88%, 11/01/40  | 75000 | 75089 |
| 2.63%, 10/21/41 *(a)* | 150000 | 111728 |
| 4.00%, 03/05/42  | 100000 | 87967 |
| 3.60%, 08/13/42  | 75000 | 62348 |
| 4.25%, 10/22/44 *(a)* | 50000 | 44341 |
| 4.45%, 04/14/46 *(a)* | 200000 | 181560 |
| 3.45%, 10/06/46 *(a)* | 150000 | 116886 |
| 4.00%, 05/02/47 *(a)* | 100000 | 84047 |
| 3.38%, 07/29/49 *(a)* | 75000 | 55551 |
| 2.88%, 10/15/49 *(a)* | 150000 | 101475 |
| 3.63%, 03/19/50 *(a)* | 200000 | 154576 |
| 2.75%, 10/21/51 *(a)* | 150000 | 96746 |
| 4.20%, 07/18/52 *(a)* | 100000 | 84226 |
| 4.65%, 02/15/53 *(a)* | 100000 | 90285 |
| 5.25%, 07/17/54 *(a)* | 100000 | 99576 |
| 3.88%, 03/19/60 *(a)* | 100000 | 77672 |
| **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** |
| 4.45%, 05/19/28 *(a)* | 775000 | 786268 |
| 4.65%, 05/19/30 *(a)* | 550000 | 563860 |
| 4.75%, 05/19/33 *(a)* | 900000 | 918954 |
| 5.11%, 05/19/43 *(a)* | 779000 | 757609 |
| 5.30%, 05/19/53 *(a)* | 1125000 | 1078054 |
| 5.34%, 05/19/63 *(a)* | 800000 | 751608 |
| **Pfizer, Inc.** | **Pfizer, Inc.** | **Pfizer, Inc.** |
| 3.88%, 11/15/27  | 180000 | 180877 |
| 3.60%, 09/15/28 *(a)* | 200000 | 199972 |
| 3.45%, 03/15/29 *(a)* | 300000 | 297906 |
| 2.63%, 04/01/30 *(a)* | 200000 | 190332 |
| 1.70%, 05/28/30 *(a)* | 200000 | 183066 |
| 4.20%, 11/15/30 *(a)* | 180000 | 181843 |
| 1.75%, 08/18/31 *(a)* | 200000 | 178632 |
| 4.50%, 11/15/32 *(a)* | 230000 | 233767 |
| 4.88%, 11/15/35 *(a)* | 230000 | 234448 |
| 4.00%, 12/15/36  | 150000 | 142266 |
| 4.10%, 09/15/38 *(a)* | 150000 | 139574 |
| 3.90%, 03/15/39 *(a)* | 125000 | 112613 |
| 7.20%, 03/15/39  | 460000 | 555896 |
| 2.55%, 05/28/40 *(a)* | 200000 | 150184 |
| 5.60%, 09/15/40  | 125000 | 131791 |
| 4.30%, 06/15/43  | 150000 | 133941 |
| 4.40%, 05/15/44  | 180000 | 163741 |
| 4.13%, 12/15/46  | 275000 | 231080 |
| 4.20%, 09/15/48 *(a)* | 200000 | 168750 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.00%, 03/15/49 *(a)* | 250000 | 203320 |
| 2.70%, 05/28/50 *(a)* | 200000 | 128110 |
| 5.60%, 11/15/55 *(a)* | 90000 | 90884 |
| 5.70%, 11/15/65 *(a)* | 90000 | 89495 |
| **Pharmacia LLC** | **Pharmacia LLC** | **Pharmacia LLC** |
| 6.60%, 12/01/28  | 150000 | 160816 |
| **Philip Morris International, Inc.** | **Philip Morris International, Inc.** | **Philip Morris International, Inc.** |
| 3.13%, 08/17/27 *(a)* | 100000 | 99200 |
| 4.38%, 11/01/27  | 150000 | 151519 |
| 5.13%, 11/17/27 *(a)* | 300000 | 306243 |
| 4.88%, 02/15/28 *(a)* | 275000 | 280404 |
| 3.13%, 03/02/28 *(a)* | 100000 | 98653 |
| 4.13%, 04/28/28  | 200000 | 201440 |
| 5.25%, 09/07/28 *(a)* | 150000 | 155158 |
| 3.88%, 10/27/28 *(a)* | 100000 | 100197 |
| 4.88%, 02/13/29 *(a)* | 200000 | 205640 |
| 3.38%, 08/15/29 *(a)* | 150000 | 147447 |
| 4.63%, 11/01/29 *(a)* | 125000 | 127998 |
| 5.63%, 11/17/29 *(a)* | 250000 | 264157 |
| 5.13%, 02/15/30 *(a)* | 375000 | 389700 |
| 4.38%, 04/30/30 *(a)* | 200000 | 202642 |
| 2.10%, 05/01/30 *(a)* | 150000 | 138861 |
| 5.50%, 09/07/30 *(a)* | 125000 | 132158 |
| 4.00%, 10/29/30 *(a)* | 100000 | 99822 |
| 1.75%, 11/01/30 *(a)* | 150000 | 135230 |
| 5.13%, 02/13/31 *(a)* | 200000 | 208772 |
| 4.75%, 11/01/31 *(a)* | 125000 | 128599 |
| 4.25%, 10/29/32 *(a)* | 150000 | 149632 |
| 5.75%, 11/17/32 *(a)* | 300000 | 323637 |
| 5.38%, 02/15/33 *(a)* | 400000 | 422372 |
| 5.63%, 09/07/33 *(a)* | 150000 | 160918 |
| 5.25%, 02/13/34 *(a)* | 300000 | 314262 |
| 4.90%, 11/01/34 *(a)* | 125000 | 127616 |
| 4.88%, 04/30/35 *(a)* | 100000 | 101572 |
| 4.63%, 10/29/35 *(a)* | 150000 | 148624 |
| 6.38%, 05/16/38  | 250000 | 281422 |
| 4.38%, 11/15/41  | 250000 | 225895 |
| 4.50%, 03/20/42  | 100000 | 91278 |
| 3.88%, 08/21/42  | 200000 | 167872 |
| 4.13%, 03/04/43  | 175000 | 151655 |
| 4.88%, 11/15/43  | 175000 | 164071 |
| 4.25%, 11/10/44  | 200000 | 173086 |
| **Piedmont Healthcare, Inc.** | **Piedmont Healthcare, Inc.** | **Piedmont Healthcare, Inc.** |
| 2.72%, 01/01/42 *(a)* | 200000 | 147014 |
| **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** |
| 4.25%, 04/15/31 *(a)* | 200000 | 196202 |
| 3.50%, 03/01/32 *(a)* | 150000 | 140222 |
| 6.25%, 07/01/33 *(a)* | 150000 | 161853 |
| 6.88%, 05/15/34 *(a)* | 100000 | 112102 |
| **Polaris, Inc.** | **Polaris, Inc.** | **Polaris, Inc.** |
| 6.95%, 03/15/29 *(a)* | 100000 | 106071 |
| 5.60%, 03/01/31 *(a)* | 90000 | 91651 |
| **Presbyterian Healthcare Services** | **Presbyterian Healthcare Services** | **Presbyterian Healthcare Services** |
| 4.88%, 08/01/52 *(a)* | 50000 | 46182 |
| **Procter & Gamble Co.** | **Procter & Gamble Co.** | **Procter & Gamble Co.** |
| 2.80%, 03/25/27  | 100000 | 99130 |
| 2.85%, 08/11/27  | 150000 | 148662 |
| 3.95%, 01/26/28  | 100000 | 100846 |
| 4.35%, 01/29/29  | 100000 | 102475 |
| 4.15%, 10/24/29  | 100000 | 101904 |
| 3.00%, 03/25/30  | 300000 | 291831 |
| 4.05%, 05/01/30  | 100000 | 101262 |
| 1.20%, 10/29/30  | 150000 | 133554 |
| 1.95%, 04/23/31  | 150000 | 137166 |
| 2.30%, 02/01/32  | 200000 | 184752 |
| 4.10%, 11/03/32  | 100000 | 100672 |

---

*See financial notes*

**52**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.05%, 01/26/33  | 150000 | 151422 |
| 4.55%, 01/29/34  | 150000 | 153963 |
| 5.80%, 08/15/34  | 100000 | 110787 |
| 4.55%, 10/24/34  | 75000 | 77030 |
| 4.60%, 05/01/35  | 150000 | 153480 |
| 4.35%, 11/03/35  | 100000 | 99763 |
| 5.55%, 03/05/37  | 150000 | 164524 |
| 3.55%, 03/25/40  | 100000 | 88407 |
| 3.50%, 10/25/47  | 100000 | 79691 |
| 3.60%, 03/25/50  | 100000 | 78792 |
| **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** |
| 2.53%, 10/01/29 *(a)* | 200000 | 189758 |
| 5.37%, 10/01/32 *(a)* | 70000 | 73431 |
| 5.40%, 10/01/33 *(a)* | 100000 | 104638 |
| 3.93%, 10/01/48 *(a)* | 100000 | 80203 |
| 2.70%, 10/01/51 *(a)* | 150000 | 92103 |
| **Queen's Health Systems** | **Queen's Health Systems** | **Queen's Health Systems** |
| 4.81%, 07/01/52 *(a)* | 50000 | 46041 |
| **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** |
| 4.60%, 12/15/27 *(a)* | 150000 | 151885 |
| 4.20%, 06/30/29 *(a)* | 100000 | 100754 |
| 4.63%, 12/15/29 *(a)* | 100000 | 102174 |
| 2.95%, 06/30/30 *(a)* | 150000 | 143087 |
| 2.80%, 06/30/31 *(a)* | 100000 | 93274 |
| 6.40%, 11/30/33 *(a)* | 125000 | 139813 |
| 5.00%, 12/15/34 *(a)* | 150000 | 153652 |
| 4.70%, 03/30/45 *(a)* | 75000 | 69760 |
| **Rady Children's Hospital-San Diego** | **Rady Children's Hospital-San Diego** | **Rady Children's Hospital-San Diego** |
| 3.15%, 08/15/51 *(a)* | 50000 | 34993 |
| **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** |
| 1.75%, 09/15/30 *(a)* | 250000 | 225440 |
| 2.80%, 09/15/50 *(a)* | 150000 | 93210 |
| **Revvity, Inc.** | **Revvity, Inc.** | **Revvity, Inc.** |
| 1.90%, 09/15/28 *(a)* | 100000 | 94754 |
| 3.30%, 09/15/29 *(a)* | 150000 | 145531 |
| 2.55%, 03/15/31 *(a)* | 100000 | 91534 |
| 2.25%, 09/15/31 *(a)* | 75000 | 66812 |
| 3.63%, 03/15/51 *(a)* | 50000 | 36764 |
| **Reynolds American, Inc.** | **Reynolds American, Inc.** | **Reynolds American, Inc.** |
| 5.70%, 08/15/35 *(a)* | 150000 | 158319 |
| 7.25%, 06/15/37  | 75000 | 87870 |
| 6.15%, 09/15/43  | 100000 | 104275 |
| 5.85%, 08/15/45 *(a)* | 425000 | 425854 |
| **Royalty Pharma PLC** | **Royalty Pharma PLC** | **Royalty Pharma PLC** |
| 1.75%, 09/02/27 *(a)* | 200000 | 193584 |
| 5.15%, 09/02/29 *(a)* | 75000 | 77530 |
| 2.20%, 09/02/30 *(a)* | 200000 | 183654 |
| 4.45%, 03/25/31 *(a)* | 110000 | 110695 |
| 2.15%, 09/02/31 *(a)* | 150000 | 134052 |
| 5.40%, 09/02/34 *(a)* | 75000 | 77661 |
| 5.20%, 09/25/35 *(a)* | 160000 | 162706 |
| 3.30%, 09/02/40 *(a)* | 200000 | 158032 |
| 3.55%, 09/02/50 *(a)* | 150000 | 106293 |
| 3.35%, 09/02/51 *(a)* | 150000 | 101652 |
| 5.90%, 09/02/54 *(a)* | 75000 | 75472 |
| 5.95%, 09/25/55 *(a)* | 90000 | 91126 |
| **Rush System for Health Obligated Group** | **Rush System for Health Obligated Group** | **Rush System for Health Obligated Group** |
| 3.92%, 11/15/29 *(a)* | 100000 | 99736 |
| **Sanofi SA** | **Sanofi SA** | **Sanofi SA** |
| 3.75%, 11/03/27  | 100000 | 100262 |
| 3.63%, 06/19/28 *(a)* | 175000 | 174898 |
| 3.80%, 11/03/28 *(a)* | 100000 | 100155 |
| 4.20%, 11/03/32 *(a)* | 200000 | 200806 |
| **Sentara Health** | **Sentara Health** | **Sentara Health** |
| 2.93%, 11/01/51 *(a)* | 75000 | 50015 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Sharp HealthCare** | **Sharp HealthCare** | **Sharp HealthCare** |
| 2.68%, 08/01/50 *(a)* | 50000 | 32079 |
| **Smith & Nephew PLC** | **Smith & Nephew PLC** | **Smith & Nephew PLC** |
| 2.03%, 10/14/30 *(a)* | 250000 | 226972 |
| 5.40%, 03/20/34 *(a)* | 150000 | 156382 |
| **Solventum Corp.** | **Solventum Corp.** | **Solventum Corp.** |
| 5.40%, 03/01/29 *(a)* | 100000 | 103744 |
| 5.45%, 03/13/31 *(a)* | 200000 | 209750 |
| 5.60%, 03/23/34 *(a)* | 275000 | 287532 |
| 5.90%, 04/30/54 *(a)* | 250000 | 250095 |
| **SSM Health Care Corp.** | **SSM Health Care Corp.** | **SSM Health Care Corp.** |
| 4.89%, 06/01/28 *(a)* | 100000 | 101753 |
| **Stanford Health Care** | **Stanford Health Care** | **Stanford Health Care** |
| 3.31%, 08/15/30 *(a)* | 100000 | 97618 |
| 3.80%, 11/15/48 *(a)* | 150000 | 120431 |
| **STERIS Irish FinCo UnLtd Co.** | **STERIS Irish FinCo UnLtd Co.** | **STERIS Irish FinCo UnLtd Co.** |
| 2.70%, 03/15/31 *(a)* | 150000 | 139517 |
| 3.75%, 03/15/51 *(a)* | 150000 | 114609 |
| **Stryker Corp.** | **Stryker Corp.** | **Stryker Corp.** |
| 4.70%, 02/10/28 *(a)* | 150000 | 152304 |
| 3.65%, 03/07/28 *(a)* | 150000 | 149580 |
| 4.85%, 12/08/28 *(a)* | 75000 | 76979 |
| 4.25%, 09/11/29 *(a)* | 125000 | 126415 |
| 4.85%, 02/10/30 *(a)* | 150000 | 154680 |
| 1.95%, 06/15/30 *(a)* | 200000 | 183680 |
| 4.63%, 09/11/34 *(a)* | 150000 | 150651 |
| 5.20%, 02/10/35 *(a)* | 150000 | 155773 |
| 4.10%, 04/01/43 *(a)* | 75000 | 64872 |
| 4.38%, 05/15/44 *(a)* | 100000 | 88483 |
| 4.63%, 03/15/46 *(a)* | 175000 | 158473 |
| 2.90%, 06/15/50 *(a)* | 150000 | 99929 |
| **Summa Health** | **Summa Health** | **Summa Health** |
| 3.51%, 11/15/51 *(a)* | 50000 | 38603 |
| **Sutter Health** | **Sutter Health** | **Sutter Health** |
| 2.29%, 08/15/30 *(a)* | 100000 | 92910 |
| 5.21%, 08/15/32 *(a)* | 100000 | 105011 |
| 5.16%, 08/15/33 *(a)* | 75000 | 78152 |
| 5.54%, 08/15/35 *(a)* | 200000 | 212702 |
| 3.16%, 08/15/40 *(a)* | 100000 | 81114 |
| 4.09%, 08/15/48 *(a)* | 65000 | 54893 |
| 3.36%, 08/15/50 *(a)* | 75000 | 54844 |
| 5.55%, 08/15/53 *(a)* | 100000 | 103023 |
| **Sysco Corp.** | **Sysco Corp.** | **Sysco Corp.** |
| 3.25%, 07/15/27 *(a)* | 150000 | 148876 |
| 5.75%, 01/17/29 *(a)* | 75000 | 78665 |
| 2.40%, 02/15/30 *(a)* | 100000 | 94057 |
| 5.95%, 04/01/30 *(a)* | 200000 | 212938 |
| 5.10%, 09/23/30 *(a)* | 125000 | 129779 |
| 4.40%, 07/25/31 *(a)* | 100000 | 100388 |
| 2.45%, 12/14/31 *(a)* | 150000 | 136239 |
| 6.00%, 01/17/34 *(a)* | 100000 | 109148 |
| 5.40%, 03/23/35 *(a)* | 100000 | 104558 |
| 4.95%, 03/25/36 *(a)* | 250000 | 250710 |
| 6.60%, 04/01/40 *(a)* | 75000 | 84900 |
| 4.85%, 10/01/45 *(a)* | 100000 | 91309 |
| 4.50%, 04/01/46 *(a)* | 75000 | 65615 |
| 4.45%, 03/15/48 *(a)* | 100000 | 85995 |
| 3.30%, 02/15/50 *(a)* | 100000 | 71154 |
| 6.60%, 04/01/50 *(a)* | 200000 | 224024 |
| 3.15%, 12/14/51 *(a)* | 150000 | 101708 |
| **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** |
| 5.00%, 11/26/28 *(a)* | 250000 | 256087 |
| 2.05%, 03/31/30 *(a)* | 500000 | 461645 |
| 5.30%, 07/05/34 *(a)* | 200000 | 208710 |
| 3.03%, 07/09/40 *(a)* | 200000 | 156544 |
| 5.65%, 07/05/44 *(a)* | 200000 | 205250 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**53**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.18%, 07/09/50 *(a)* | 250000 | 171815 |
| 5.65%, 07/05/54 *(a)* | 200000 | 199976 |
| 3.38%, 07/09/60 *(a)* | 200000 | 131922 |
| 5.80%, 07/05/64 *(a)* | 200000 | 201972 |
| **Takeda U.S. Financing, Inc.** | **Takeda U.S. Financing, Inc.** | **Takeda U.S. Financing, Inc.** |
| 5.20%, 07/07/35 *(a)* | 300000 | 308892 |
| 5.90%, 07/07/55 *(a)* | 200000 | 206876 |
| **Texas Health Resources** | **Texas Health Resources** | **Texas Health Resources** |
| 2.33%, 11/15/50 *(a)* | 200000 | 118096 |
| **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** |
| 4.80%, 11/21/27 *(a)* | 100000 | 101742 |
| 1.75%, 10/15/28 *(a)* | 100000 | 95056 |
| 5.00%, 01/31/29 *(a)* | 200000 | 206640 |
| 2.60%, 10/01/29 *(a)* | 150000 | 143679 |
| 4.98%, 08/10/30 *(a)* | 150000 | 155973 |
| 4.22%, 02/12/31 *(a)* | 275000 | 277280 |
| 4.20%, 03/01/31 *(a)* | 100000 | 100766 |
| 2.00%, 10/15/31 *(a)* | 250000 | 224902 |
| 4.47%, 10/07/32 *(a)* | 125000 | 126430 |
| 4.95%, 11/21/32 *(a)* | 100000 | 103896 |
| 4.55%, 06/15/33 *(a)* | 200000 | 202366 |
| 5.09%, 08/10/33 *(a)* | 200000 | 208828 |
| 5.20%, 01/31/34 *(a)* | 100000 | 105033 |
| 4.79%, 10/07/35 *(a)* | 125000 | 126270 |
| 4.90%, 02/12/36 *(a)* | 250000 | 254297 |
| 4.89%, 10/07/37 *(a)* | 100000 | 100947 |
| 2.80%, 10/15/41 *(a)* | 200000 | 150426 |
| 5.40%, 08/10/43 *(a)* | 100000 | 102194 |
| 5.30%, 02/01/44 *(a)* | 120000 | 119958 |
| 5.55%, 02/12/46 *(a)* | 250000 | 255060 |
| 4.10%, 08/15/47 *(a)* | 150000 | 127140 |
| **Toledo Hospital** | **Toledo Hospital** | **Toledo Hospital** |
| 5.33%, 11/15/28  | 50000 | 50965 |
| 5.75%, 11/15/38 *(a)* | 100000 | 101239 |
| 6.02%, 11/15/48  | 75000 | 74687 |
| **Trinity Health Corp.** | **Trinity Health Corp.** | **Trinity Health Corp.** |
| 4.13%, 12/01/45  | 100000 | 86261 |
| 3.43%, 12/01/48  | 75000 | 58308 |
| **Tyson Foods, Inc.** | **Tyson Foods, Inc.** | **Tyson Foods, Inc.** |
| 3.55%, 06/02/27 *(a)* | 250000 | 248887 |
| 4.35%, 03/01/29 *(a)* | 150000 | 151344 |
| 5.40%, 03/15/29 *(a)* | 100000 | 103723 |
| 5.70%, 03/15/34 *(a)* | 175000 | 186508 |
| 4.88%, 08/15/34 *(a)* | 150000 | 152043 |
| 4.95%, 02/20/36 *(a)* | 100000 | 100706 |
| 5.15%, 08/15/44 *(a)* | 150000 | 144461 |
| 4.55%, 06/02/47 *(a)* | 100000 | 87843 |
| 5.10%, 09/28/48 *(a)* | 300000 | 282606 |
| **Unilever Capital Corp.** | **Unilever Capital Corp.** | **Unilever Capital Corp.** |
| 2.90%, 05/05/27 *(a)* | 250000 | 248077 |
| 4.25%, 08/12/27 *(a)* | 150000 | 151291 |
| 3.50%, 03/22/28 *(a)* | 150000 | 149599 |
| 4.88%, 09/08/28 *(a)* | 150000 | 154215 |
| 2.13%, 09/06/29 *(a)* | 150000 | 142187 |
| 1.38%, 09/14/30 *(a)* | 100000 | 90306 |
| 1.75%, 08/12/31 *(a)* | 50000 | 44556 |
| 5.90%, 11/15/32  | 200000 | 221114 |
| 5.00%, 12/08/33 *(a)* | 150000 | 157441 |
| 4.63%, 08/12/34 *(a)* | 250000 | 254255 |
| 2.63%, 08/12/51 *(a)* | 100000 | 63812 |
| **Universal Health Services, Inc.** | **Universal Health Services, Inc.** | **Universal Health Services, Inc.** |
| 4.63%, 10/15/29 *(a)* | 100000 | 101175 |
| 2.65%, 10/15/30 *(a)* | 225000 | 206820 |
| 5.05%, 10/15/34 *(a)* | 100000 | 99212 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **UPMC** | **UPMC** | **UPMC** |
| 5.04%, 05/15/33 *(a)* | 100000 | 103165 |
| 5.38%, 05/15/43 *(a)* | 50000 | 50255 |
| **Utah Acquisition Sub, Inc.** | **Utah Acquisition Sub, Inc.** | **Utah Acquisition Sub, Inc.** |
| 5.25%, 06/15/46 *(a)* | 200000 | 168738 |
| **Viatris, Inc.** | **Viatris, Inc.** | **Viatris, Inc.** |
| 2.30%, 06/22/27 *(a)* | 100000 | 97560 |
| 2.70%, 06/22/30 *(a)* | 300000 | 277128 |
| 3.85%, 06/22/40 *(a)* | 250000 | 197070 |
| 4.00%, 06/22/50 *(a)* | 400000 | 274280 |
| **West Virginia United Health System Obligated Group** | **West Virginia United Health System Obligated Group** | **West Virginia United Health System Obligated Group** |
| 3.13%, 06/01/50 *(a)* | 100000 | 66626 |
| **Willis-Knighton Medical Center** | **Willis-Knighton Medical Center** | **Willis-Knighton Medical Center** |
| 3.07%, 03/01/51 *(a)* | 150000 | 98063 |
| **Wyeth LLC** | **Wyeth LLC** | **Wyeth LLC** |
| 6.50%, 02/01/34  | 150000 | 169917 |
| 6.00%, 02/15/36  | 100000 | 109977 |
| 5.95%, 04/01/37  | 375000 | 410370 |
| **Yale-New Haven Health Services Corp.** | **Yale-New Haven Health Services Corp.** | **Yale-New Haven Health Services Corp.** |
| 2.50%, 07/01/50 *(a)* | 100000 | 61084 |
| **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** |
| 5.35%, 12/01/28 *(a)* | 100000 | 103561 |
| 5.05%, 02/19/30 *(a)* | 100000 | 103458 |
| 2.60%, 11/24/31 *(a)* | 150000 | 137160 |
| 5.20%, 09/15/34 *(a)* | 100000 | 102896 |
| 5.50%, 02/19/35 *(a)* | 100000 | 104700 |
| 5.75%, 11/30/39  | 75000 | 78605 |
| 4.45%, 08/15/45 *(a)* | 75000 | 67563 |
| **Zoetis, Inc.** | **Zoetis, Inc.** | **Zoetis, Inc.** |
| 3.00%, 09/12/27 *(a)* | 100000 | 98876 |
| 4.15%, 08/17/28 *(a)* | 150000 | 151162 |
| 3.90%, 08/20/28 *(a)* | 100000 | 100139 |
| 2.00%, 05/15/30 *(a)* | 150000 | 138510 |
| 5.60%, 11/16/32 *(a)* | 150000 | 160804 |
| 5.00%, 08/17/35 *(a)* | 175000 | 178621 |
| 4.70%, 02/01/43 *(a)* | 195000 | 181547 |
| 3.95%, 09/12/47 *(a)* | 100000 | 82500 |
| 4.45%, 08/20/48 *(a)* | 75000 | 65806 |
| 3.00%, 05/15/50 *(a)* | 100000 | 67772 |
|  |  | **214623265** |
| ***Energy 1.7%***  | ***Energy 1.7%***  | ***Energy 1.7%***  |
| **Antero Resources Corp.** | **Antero Resources Corp.** | **Antero Resources Corp.** |
| 5.40%, 02/01/36 *(a)* | 150000 | 150210 |
| **APA Corp.** | **APA Corp.** | **APA Corp.** |
| 4.25%, 01/15/30 *(a)* | 100000 | 99360 |
| 6.10%, 02/15/35 *(a)* | 50000 | 52366 |
| 6.00%, 01/15/37  | 75000 | 77670 |
| 5.10%, 09/01/40 *(a)* | 125000 | 114993 |
| 5.35%, 07/01/49 *(a)* | 25000 | 21778 |
| 6.75%, 02/15/55 *(a)* | 100000 | 101977 |
| **Baker Hughes Holdings LLC** | **Baker Hughes Holdings LLC** | **Baker Hughes Holdings LLC** |
| 5.13%, 09/15/40  | 200000 | 199070 |
| **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** |
| 3.34%, 12/15/27 *(a)* | 200000 | 198394 |
| 3.14%, 11/07/29 *(a)* | 100000 | 97492 |
| 4.49%, 05/01/30 *(a)* | 150000 | 152526 |
| 4.08%, 12/15/47 *(a)* | 250000 | 203382 |
| **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** |
| 4.45%, 07/15/27 *(a)* | 100000 | 100458 |
| 4.80%, 05/03/29 *(a)* | 100000 | 102006 |
| 3.40%, 02/15/31 *(a)* | 100000 | 95596 |
| 3.60%, 09/01/32 *(a)* | 100000 | 94670 |

---

*See financial notes*

**54**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.63%, 08/01/34 *(a)* | 100000 | 105951 |
| 5.38%, 02/15/36 *(a)* | 100000 | 101688 |
| **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** |
| 3.54%, 04/06/27 *(a)* | 100000 | 99804 |
| 3.59%, 04/14/27 *(a)* | 100000 | 99888 |
| 5.02%, 11/17/27 *(a)* | 200000 | 204104 |
| 3.94%, 09/21/28 *(a)* | 200000 | 200782 |
| 4.23%, 11/06/28 *(a)* | 350000 | 353724 |
| 4.70%, 04/10/29 *(a)* | 200000 | 205002 |
| 4.97%, 10/17/29 *(a)* | 150000 | 155364 |
| 4.87%, 11/25/29 *(a)* | 100000 | 103279 |
| 3.63%, 04/06/30 *(a)* | 300000 | 296916 |
| 1.75%, 08/10/30 *(a)* | 200000 | 181936 |
| 2.72%, 01/12/32 *(a)* | 350000 | 323743 |
| 4.81%, 02/13/33 *(a)* | 400000 | 410004 |
| 4.89%, 09/11/33 *(a)* | 250000 | 256855 |
| 4.99%, 04/10/34 *(a)* | 250000 | 258317 |
| 5.23%, 11/17/34 *(a)* | 425000 | 444818 |
| 3.06%, 06/17/41 *(a)* | 300000 | 234198 |
| 3.00%, 02/24/50 *(a)* | 375000 | 251355 |
| 2.77%, 11/10/50 *(a)* | 250000 | 158867 |
| 2.94%, 06/04/51 *(a)* | 400000 | 261932 |
| 3.00%, 03/17/52 *(a)* | 250000 | 164630 |
| 3.38%, 02/08/61 *(a)* | 375000 | 251602 |
| **BP Capital Markets PLC** | **BP Capital Markets PLC** | **BP Capital Markets PLC** |
| 3.28%, 09/19/27 *(a)* | 275000 | 273468 |
| 3.72%, 11/28/28 *(a)* | 150000 | 149765 |
| **Burlington Resources LLC** | **Burlington Resources LLC** | **Burlington Resources LLC** |
| 7.20%, 08/15/31  | 75000 | 86066 |
| 5.95%, 10/15/36  | 75000 | 82291 |
| **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** |
| 3.85%, 06/01/27 *(a)* | 250000 | 249787 |
| 5.00%, 12/15/29 *(a)* | 140000 | 144383 |
| 2.95%, 07/15/30 *(a)* | 100000 | 95586 |
| 7.20%, 01/15/32  | 75000 | 84919 |
| 6.45%, 06/30/33  | 95000 | 104871 |
| 5.40%, 12/15/34 *(a)* | 150000 | 155424 |
| 5.85%, 02/01/35  | 100000 | 107070 |
| 6.25%, 03/15/38  | 180000 | 194488 |
| 6.75%, 02/01/39  | 150000 | 168706 |
| 4.95%, 06/01/47 *(a)* | 100000 | 91065 |
| **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** |
| 4.65%, 03/20/31 *(a)* | 90000 | 91115 |
| 2.65%, 01/15/32 *(a)* | 100000 | 90856 |
| 5.40%, 03/20/36 *(a)* | 90000 | 91723 |
| 5.25%, 06/15/37 *(a)* | 76000 | 75941 |
| 6.75%, 11/15/39  | 100000 | 111930 |
| 5.40%, 06/15/47 *(a)* | 100000 | 94547 |
| 3.75%, 02/15/52 *(a)* | 150000 | 108917 |
| **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** |
| 5.13%, 06/30/27 *(a)* | 225000 | 227225 |
| 3.70%, 11/15/29 *(a)* | 200000 | 197252 |
| 2.74%, 12/31/39 *(a)* | 100000 | 87176 |
| **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** |
| 4.50%, 10/01/29 *(a)* | 250000 | 251385 |
| 4.00%, 03/01/31 *(a)* | 250000 | 245312 |
| 3.25%, 01/31/32 *(a)* | 225000 | 209875 |
| 5.95%, 06/30/33 *(a)* | 300000 | 321777 |
| 5.75%, 08/15/34 *(a)* | 300000 | 316986 |
| 5.55%, 10/30/35 *(a)* | 200000 | 208152 |
| **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** |
| 4.63%, 10/15/28 *(a)* | 300000 | 299922 |
| 5.65%, 04/15/34 *(a)* | 250000 | 262947 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Chevron Corp.** | **Chevron Corp.** | **Chevron Corp.** |
| 2.00%, 05/11/27 *(a)* | 200000 | 196310 |
| 2.24%, 05/11/30 *(a)* | 275000 | 258153 |
| 3.08%, 05/11/50 *(a)* | 175000 | 122672 |
| **Chevron USA, Inc.** | **Chevron USA, Inc.** | **Chevron USA, Inc.** |
| 1.02%, 08/12/27 *(a)* | 150000 | 144692 |
| 3.95%, 08/13/27  | 100000 | 100548 |
| 3.85%, 01/15/28 *(a)* | 100000 | 100462 |
| 4.48%, 02/26/28 *(a)* | 175000 | 177863 |
| 4.05%, 08/13/28 *(a)* | 150000 | 151562 |
| 3.25%, 10/15/29 *(a)* | 100000 | 98516 |
| 4.69%, 04/15/30 *(a)* | 300000 | 309297 |
| 4.30%, 10/15/30 *(a)* | 200000 | 203750 |
| 4.82%, 04/15/32 *(a)* | 125000 | 130063 |
| 4.50%, 10/15/32 *(a)* | 250000 | 256027 |
| 4.98%, 04/15/35 *(a)* | 125000 | 129784 |
| 4.85%, 10/15/35 *(a)* | 150000 | 154115 |
| 6.00%, 03/01/41 *(a)* | 50000 | 55593 |
| 5.25%, 11/15/43 *(a)* | 50000 | 51067 |
| 2.34%, 08/12/50 *(a)* | 150000 | 90039 |
| **Columbia Pipeline Group, Inc.** | **Columbia Pipeline Group, Inc.** | **Columbia Pipeline Group, Inc.** |
| 5.80%, 06/01/45 *(a)* | 100000 | 101781 |
| **ConocoPhillips** | **ConocoPhillips** | **ConocoPhillips** |
| 5.90%, 10/15/32  | 100000 | 109898 |
| 5.90%, 05/15/38  | 125000 | 135636 |
| 6.50%, 02/01/39  | 300000 | 342825 |
| 4.88%, 10/01/47 *(a)* | 100000 | 91852 |
| **ConocoPhillips Co.** | **ConocoPhillips Co.** | **ConocoPhillips Co.** |
| 6.95%, 04/15/29  | 150000 | 163666 |
| 4.70%, 01/15/30 *(a)* | 250000 | 256365 |
| 4.85%, 01/15/32 *(a)* | 100000 | 103729 |
| 5.05%, 09/15/33 *(a)* | 150000 | 156139 |
| 5.00%, 01/15/35 *(a)* | 250000 | 257165 |
| 3.76%, 03/15/42 *(a)* | 150000 | 125484 |
| 4.30%, 11/15/44 *(a)* | 150000 | 130344 |
| 5.95%, 03/15/46 *(a)* | 60000 | 63436 |
| 3.80%, 03/15/52 *(a)* | 200000 | 151672 |
| 5.30%, 05/15/53 *(a)* | 150000 | 142445 |
| 5.55%, 03/15/54 *(a)* | 200000 | 197244 |
| 5.50%, 01/15/55 *(a)* | 200000 | 196416 |
| 4.03%, 03/15/62 *(a)* | 307000 | 228519 |
| 5.70%, 09/15/63 *(a)* | 150000 | 149367 |
| 5.65%, 01/15/65 *(a)* | 150000 | 147488 |
| **Continental Resources, Inc.** | **Continental Resources, Inc.** | **Continental Resources, Inc.** |
| 4.38%, 01/15/28 *(a)* | 250000 | 250447 |
| 4.90%, 06/01/44 *(a)* | 100000 | 82497 |
| **Coterra Energy, Inc.** | **Coterra Energy, Inc.** | **Coterra Energy, Inc.** |
| 3.90%, 05/15/27 *(a)* | 150000 | 149877 |
| 4.38%, 03/15/29 *(a)* | 100000 | 101149 |
| 5.60%, 03/15/34 *(a)* | 75000 | 78610 |
| 5.40%, 02/15/35 *(a)* | 150000 | 154820 |
| 5.90%, 02/15/55 *(a)* | 150000 | 149297 |
| **DCP Midstream Operating LP** | **DCP Midstream Operating LP** | **DCP Midstream Operating LP** |
| 5.13%, 05/15/29 *(a)* | 200000 | 205758 |
| 3.25%, 02/15/32 *(a)* | 100000 | 93215 |
| 5.60%, 04/01/44 *(a)* | 75000 | 74482 |
| **Devon Energy Corp.** | **Devon Energy Corp.** | **Devon Energy Corp.** |
| 5.25%, 10/15/27 *(a)* | 130000 | 130100 |
| 5.88%, 06/15/28 *(a)(e)* | 30000 | 30032 |
| 4.50%, 01/15/30 *(a)* | 130000 | 131258 |
| 7.88%, 09/30/31  | 100000 | 117096 |
| 7.95%, 04/15/32  | 100000 | 117852 |
| 5.20%, 09/15/34 *(a)* | 200000 | 205160 |
| 5.60%, 07/15/41 *(a)* | 225000 | 225587 |
| 4.75%, 05/15/42 *(a)* | 100000 | 90726 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**55**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.00%, 06/15/45 *(a)* | 175000 | 159481 |
| 5.75%, 09/15/54 *(a)* | 200000 | 194726 |
| **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** |
| 5.20%, 04/18/27 *(a)* | 150000 | 151908 |
| 3.50%, 12/01/29 *(a)* | 150000 | 146879 |
| 5.15%, 01/30/30 *(a)* | 150000 | 155621 |
| 3.13%, 03/24/31 *(a)* | 150000 | 142356 |
| 6.25%, 03/15/33 *(a)* | 200000 | 218646 |
| 5.40%, 04/18/34 *(a)* | 300000 | 312039 |
| 5.55%, 04/01/35 *(a)* | 200000 | 209316 |
| 4.40%, 03/24/51 *(a)* | 100000 | 82788 |
| 4.25%, 03/15/52 *(a)* | 150000 | 120303 |
| 6.25%, 03/15/53 *(a)* | 100000 | 104214 |
| 5.75%, 04/18/54 *(a)* | 300000 | 292842 |
| 5.90%, 04/18/64 *(a)* | 225000 | 220860 |
| **Eastern Energy Gas Holdings LLC** | **Eastern Energy Gas Holdings LLC** | **Eastern Energy Gas Holdings LLC** |
| 5.80%, 01/15/35 *(a)* | 100000 | 107243 |
| 5.65%, 10/15/54 *(a)* | 150000 | 148337 |
| 6.20%, 01/15/55 *(a)* | 100000 | 106592 |
| **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** |
| 3.00%, 11/15/29 *(a)* | 100000 | 96698 |
| 4.80%, 11/01/43 *(a)(e)* | 100000 | 91790 |
| 4.60%, 12/15/44 *(a)* | 75000 | 66464 |
| **Enbridge Energy Partners LP** | **Enbridge Energy Partners LP** | **Enbridge Energy Partners LP** |
| 7.50%, 04/15/38  | 100000 | 120022 |
| 5.50%, 09/15/40 *(a)* | 80000 | 81066 |
| 7.38%, 10/15/45 *(a)* | 100000 | 118425 |
| **Enbridge, Inc.** | **Enbridge, Inc.** | **Enbridge, Inc.** |
| 5.25%, 04/05/27 *(a)* | 125000 | 126689 |
| 3.70%, 07/15/27 *(a)* | 150000 | 149628 |
| 4.60%, 06/20/28 *(a)* | 70000 | 71002 |
| 6.00%, 11/15/28 *(a)* | 150000 | 157963 |
| 4.20%, 11/20/28 *(a)* | 90000 | 90544 |
| 5.30%, 04/05/29 *(a)* | 150000 | 155448 |
| 3.13%, 11/15/29 *(a)* | 175000 | 169234 |
| 4.90%, 06/20/30 *(a)* | 110000 | 113248 |
| 6.20%, 11/15/30 *(a)* | 150000 | 162447 |
| 4.50%, 02/15/31 *(a)* | 90000 | 90905 |
| 5.70%, 03/08/33 *(a)* | 400000 | 425144 |
| 2.50%, 08/01/33 *(a)* | 200000 | 174612 |
| 5.63%, 04/05/34 *(a)* | 200000 | 211610 |
| 5.55%, 06/20/35 *(a)* | 170000 | 178320 |
| 5.20%, 11/20/35 *(a)* | 90000 | 91805 |
| 4.50%, 06/10/44 *(a)* | 100000 | 87198 |
| 5.50%, 12/01/46 *(a)* | 175000 | 173498 |
| 4.00%, 11/15/49 *(a)* | 100000 | 78749 |
| 3.40%, 08/01/51 *(a)* | 150000 | 105063 |
| 6.70%, 11/15/53 *(a)* | 225000 | 253060 |
| 5.95%, 04/05/54 *(a)* | 225000 | 232225 |
| 7.20%, 06/27/54 *(a)(b)* | 125000 | 134829 |
| 7.38%, 03/15/55 *(a)(b)* | 100000 | 106799 |
| **Energy Transfer LP** | **Energy Transfer LP** | **Energy Transfer LP** |
| 4.40%, 03/15/27 *(a)* | 150000 | 150504 |
| 4.20%, 04/15/27 *(a)* | 100000 | 100261 |
| 5.50%, 06/01/27 *(a)* | 150000 | 152306 |
| 4.00%, 10/01/27 *(a)* | 100000 | 100146 |
| 5.55%, 02/15/28 *(a)* | 150000 | 154407 |
| 4.95%, 05/15/28 *(a)* | 150000 | 152892 |
| 4.95%, 06/15/28 *(a)* | 150000 | 152993 |
| 6.10%, 12/01/28 *(a)* | 150000 | 157891 |
| 5.25%, 04/15/29 *(a)* | 300000 | 309855 |
| 5.25%, 07/01/29 *(a)* | 200000 | 207444 |
| 4.15%, 09/15/29 *(a)* | 100000 | 100294 |
| 5.20%, 04/01/30 *(a)* | 125000 | 129954 |
| 3.75%, 05/15/30 *(a)* | 350000 | 344305 |
| 6.40%, 12/01/30 *(a)* | 200000 | 217998 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.55%, 01/15/31 *(a)* | 200000 | 202004 |
| 5.75%, 02/15/33 *(a)* | 250000 | 265500 |
| 6.55%, 12/01/33 *(a)* | 250000 | 276980 |
| 5.55%, 05/15/34 *(a)* | 200000 | 208584 |
| 5.60%, 09/01/34 *(a)* | 225000 | 235237 |
| 4.90%, 03/15/35 *(a)* | 80000 | 79840 |
| 5.70%, 04/01/35 *(a)* | 250000 | 262800 |
| 5.35%, 01/15/36 *(a)* | 200000 | 203290 |
| 6.63%, 10/15/36  | 100000 | 111836 |
| 5.80%, 06/15/38 *(a)* | 100000 | 104108 |
| 7.50%, 07/01/38  | 100000 | 118059 |
| 6.05%, 06/01/41 *(a)* | 100000 | 103306 |
| 6.50%, 02/01/42 *(a)* | 200000 | 214686 |
| 6.10%, 02/15/42  | 50000 | 51494 |
| 4.95%, 01/15/43 *(a)* | 100000 | 91111 |
| 5.15%, 02/01/43 *(a)* | 100000 | 92134 |
| 5.95%, 10/01/43 *(a)* | 100000 | 101100 |
| 5.30%, 04/01/44 *(a)* | 150000 | 139980 |
| 5.00%, 05/15/44 *(a)* | 75000 | 67247 |
| 5.15%, 03/15/45 *(a)* | 200000 | 181314 |
| 5.35%, 05/15/45 *(a)* | 175000 | 161684 |
| 6.13%, 12/15/45 *(a)* | 165000 | 167325 |
| 5.30%, 04/15/47 *(a)* | 200000 | 182728 |
| 5.40%, 10/01/47 *(a)* | 275000 | 253795 |
| 6.00%, 06/15/48 *(a)* | 200000 | 197426 |
| 6.25%, 04/15/49 *(a)* | 300000 | 303444 |
| 5.00%, 05/15/50 *(a)* | 350000 | 299610 |
| 5.95%, 05/15/54 *(a)* | 300000 | 289680 |
| 6.05%, 09/01/54 *(a)* | 225000 | 220417 |
| 6.20%, 04/01/55 *(a)* | 200000 | 200190 |
| 6.30%, 01/15/56 *(a)* | 175000 | 177095 |
| **Eni USA, Inc.** | **Eni USA, Inc.** | **Eni USA, Inc.** |
| 7.30%, 11/15/27  | 100000 | 105572 |
| **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** |
| 4.30%, 06/20/28 *(a)* | 140000 | 141495 |
| 4.15%, 10/16/28 *(a)* | 150000 | 151272 |
| 3.13%, 07/31/29 *(a)* | 225000 | 219667 |
| 2.80%, 01/31/30 *(a)* | 250000 | 239610 |
| 4.60%, 01/15/31 *(a)* | 240000 | 245273 |
| 5.35%, 01/31/33 *(a)* | 200000 | 211358 |
| 6.88%, 03/01/33  | 100000 | 115003 |
| 4.85%, 01/31/34 *(a)* | 150000 | 153347 |
| 6.65%, 10/15/34  | 75000 | 85255 |
| 4.95%, 02/15/35 *(a)* | 200000 | 204892 |
| 5.20%, 01/15/36 *(a)* | 290000 | 299173 |
| 7.55%, 04/15/38  | 100000 | 122690 |
| 6.13%, 10/15/39  | 100000 | 109699 |
| 6.45%, 09/01/40  | 100000 | 112767 |
| 5.95%, 02/01/41  | 150000 | 160482 |
| 5.70%, 02/15/42  | 100000 | 103848 |
| 4.85%, 08/15/42 *(a)* | 150000 | 141749 |
| 4.45%, 02/15/43 *(a)* | 200000 | 179228 |
| 4.85%, 03/15/44 *(a)* | 275000 | 256426 |
| 5.10%, 02/15/45 *(a)* | 200000 | 191304 |
| 4.90%, 05/15/46 *(a)* | 200000 | 185498 |
| 4.25%, 02/15/48 *(a)* | 250000 | 208782 |
| 4.80%, 02/01/49 *(a)* | 250000 | 224925 |
| 4.20%, 01/31/50 *(a)* | 250000 | 205672 |
| 3.70%, 01/31/51 *(a)* | 200000 | 150002 |
| 3.20%, 02/15/52 *(a)* | 200000 | 134880 |
| 3.30%, 02/15/53 *(a)* | 180000 | 122645 |
| 4.95%, 10/15/54 *(a)* | 75000 | 68069 |
| 5.55%, 02/16/55 *(a)* | 250000 | 247325 |
| 3.95%, 01/31/60 *(a)* | 200000 | 149348 |
| 5.25%, 08/16/77 *(a)(b)* | 175000 | 175644 |
| 5.38%, 02/15/78 *(a)(b)* | 100000 | 100352 |

---

*See financial notes*

**56**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **EOG Resources, Inc.** | **EOG Resources, Inc.** | **EOG Resources, Inc.** |
| 4.40%, 07/15/28 *(a)* | 90000 | 91203 |
| 4.38%, 04/15/30 *(a)* | 100000 | 101417 |
| 4.40%, 01/15/31 *(a)* | 140000 | 141688 |
| 5.00%, 07/15/32 *(a)* | 230000 | 238747 |
| 3.90%, 04/01/35 *(a)* | 74000 | 69926 |
| 5.35%, 01/15/36 *(a)* | 230000 | 239050 |
| 4.95%, 04/15/50 *(a)* | 150000 | 136616 |
| 5.65%, 12/01/54 *(a)* | 175000 | 175250 |
| 5.95%, 07/15/55 *(a)* | 165000 | 172374 |
| **EQT Corp.** | **EQT Corp.** | **EQT Corp.** |
| 6.50%, 07/01/27 *(a)* | 75000 | 76576 |
| 3.90%, 10/01/27 *(a)* | 250000 | 249610 |
| 5.70%, 04/01/28 *(a)* | 100000 | 103394 |
| 4.50%, 01/15/29 *(a)* | 100000 | 100886 |
| 5.00%, 01/15/29 *(a)* | 100000 | 101973 |
| 6.38%, 04/01/29 *(a)* | 100000 | 103390 |
| 7.00%, 02/01/30 *(a)(g)* | 125000 | 136860 |
| 7.50%, 06/01/30 *(a)* | 100000 | 111072 |
| 4.75%, 01/15/31 *(a)* | 150000 | 152163 |
| 5.75%, 02/01/34 *(a)* | 150000 | 158983 |
| **Expand Energy Corp.** | **Expand Energy Corp.** | **Expand Energy Corp.** |
| 5.38%, 02/01/29 *(a)* | 125000 | 124848 |
| 5.38%, 03/15/30 *(a)* | 200000 | 203194 |
| 4.75%, 02/01/32 *(a)* | 200000 | 199776 |
| 5.70%, 01/15/35 *(a)* | 150000 | 157135 |
| **Exxon Mobil Corp.** | **Exxon Mobil Corp.** | **Exxon Mobil Corp.** |
| 3.29%, 03/19/27 *(a)* | 250000 | 249280 |
| 2.44%, 08/16/29 *(a)* | 200000 | 192560 |
| 3.48%, 03/19/30 *(a)* | 350000 | 345520 |
| 2.61%, 10/15/30 *(a)* | 350000 | 332003 |
| 3.00%, 08/16/39 *(a)* | 150000 | 122691 |
| 4.23%, 03/19/40 *(a)* | 450000 | 419589 |
| 3.57%, 03/06/45 *(a)* | 230000 | 184589 |
| 4.11%, 03/01/46 *(a)* | 475000 | 405203 |
| 3.10%, 08/16/49 *(a)* | 300000 | 210381 |
| 4.33%, 03/19/50 *(a)* | 500000 | 428855 |
| 3.45%, 04/15/51 *(a)* | 450000 | 330880 |
| **FLNG Liquefaction 2 LLC** | **FLNG Liquefaction 2 LLC** | **FLNG Liquefaction 2 LLC** |
| 6.17%, 12/31/39  | 100000 | 105509 |
| **Halliburton Co.** | **Halliburton Co.** | **Halliburton Co.** |
| 2.92%, 03/01/30 *(a)* | 200000 | 191698 |
| 4.85%, 11/15/35 *(a)* | 175000 | 175017 |
| 6.70%, 09/15/38  | 100000 | 114159 |
| 7.45%, 09/15/39  | 200000 | 241876 |
| 4.50%, 11/15/41 *(a)* | 150000 | 136629 |
| 4.75%, 08/01/43 *(a)* | 100000 | 90819 |
| 5.00%, 11/15/45 *(a)* | 330000 | 303260 |
| **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** |
| 4.65%, 12/01/27 *(a)* | 75000 | 75741 |
| 4.85%, 12/01/29 *(a)* | 75000 | 76446 |
| 2.90%, 09/29/31 *(a)* | 100000 | 91681 |
| 5.50%, 12/01/34 *(a)* | 100000 | 100855 |
| **Hess Corp.** | **Hess Corp.** | **Hess Corp.** |
| 4.30%, 04/01/27 *(a)* | 250000 | 251025 |
| 7.88%, 10/01/29  | 100000 | 113431 |
| 7.30%, 08/15/31  | 100000 | 115576 |
| 7.13%, 03/15/33  | 100000 | 116898 |
| 6.00%, 01/15/40  | 140000 | 153276 |
| 5.60%, 02/15/41  | 250000 | 262962 |
| 5.80%, 04/01/47 *(a)* | 100000 | 104894 |
| **HF Sinclair Corp.** | **HF Sinclair Corp.** | **HF Sinclair Corp.** |
| 5.00%, 02/01/28 *(a)* | 100000 | 100010 |
| 4.50%, 10/01/30 *(a)* | 100000 | 99691 |
| 5.75%, 01/15/31 *(a)* | 100000 | 103799 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.50%, 09/01/32 *(a)* | 100000 | 102369 |
| 6.25%, 01/15/35 *(a)* | 150000 | 158046 |
| **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** |
| 7.40%, 03/15/31  | 50000 | 57192 |
| 7.75%, 03/15/32  | 50000 | 58607 |
| 7.30%, 08/15/33  | 100000 | 116489 |
| 5.80%, 03/15/35  | 150000 | 160429 |
| 6.50%, 02/01/37  | 75000 | 84218 |
| 6.95%, 01/15/38  | 180000 | 207709 |
| 6.50%, 09/01/39  | 100000 | 111064 |
| 6.55%, 09/15/40  | 75000 | 83588 |
| 7.50%, 11/15/40  | 100000 | 121362 |
| 6.38%, 03/01/41  | 100000 | 109363 |
| 5.63%, 09/01/41  | 50000 | 50406 |
| 5.00%, 08/15/42 *(a)* | 100000 | 94697 |
| 4.70%, 11/01/42 *(a)* | 45000 | 40997 |
| 5.00%, 03/01/43 *(a)* | 100000 | 93492 |
| 5.50%, 03/01/44 *(a)* | 200000 | 196742 |
| 5.40%, 09/01/44 *(a)* | 95000 | 92060 |
| **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** |
| 4.30%, 03/01/28 *(a)* | 200000 | 201698 |
| 5.00%, 02/01/29 *(a)* | 200000 | 206050 |
| 5.10%, 08/01/29 *(a)* | 100000 | 103590 |
| 5.15%, 06/01/30 *(a)* | 200000 | 208130 |
| 2.00%, 02/15/31 *(a)* | 250000 | 226535 |
| 7.80%, 08/01/31  | 100000 | 117106 |
| 7.75%, 01/15/32  | 150000 | 176325 |
| 4.80%, 02/01/33 *(a)* | 200000 | 203680 |
| 5.20%, 06/01/33 *(a)* | 250000 | 260930 |
| 5.40%, 02/01/34 *(a)* | 150000 | 157579 |
| 5.30%, 12/01/34 *(a)* | 150000 | 155656 |
| 5.85%, 06/01/35 *(a)* | 150000 | 161214 |
| 5.55%, 06/01/45 *(a)* | 330000 | 326350 |
| 5.05%, 02/15/46 *(a)* | 200000 | 184616 |
| 5.20%, 03/01/48 *(a)* | 100000 | 93617 |
| 3.25%, 08/01/50 *(a)* | 100000 | 67435 |
| 3.60%, 02/15/51 *(a)* | 150000 | 107831 |
| 5.45%, 08/01/52 *(a)* | 150000 | 142631 |
| 5.95%, 08/01/54 *(a)* | 175000 | 178936 |
| **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** |
| 3.80%, 04/01/28 *(a)* | 100000 | 99766 |
| 5.15%, 03/01/30 *(a)* | 200000 | 207320 |
| 5.70%, 03/01/35 *(a)* | 150000 | 158043 |
| 6.50%, 03/01/41 *(a)* | 220000 | 240766 |
| 4.75%, 09/15/44 *(a)* | 150000 | 132713 |
| 4.50%, 04/01/48 *(a)* | 100000 | 82697 |
| 5.00%, 09/15/54 *(a)* | 100000 | 86581 |
| **MPLX LP** | **MPLX LP** | **MPLX LP** |
| 4.13%, 03/01/27 *(a)* | 200000 | 200224 |
| 4.25%, 12/01/27 *(a)* | 150000 | 150716 |
| 4.00%, 03/15/28 *(a)* | 250000 | 250230 |
| 4.80%, 02/15/29 *(a)* | 150000 | 152928 |
| 2.65%, 08/15/30 *(a)* | 250000 | 234262 |
| 4.80%, 02/15/31 *(a)* | 200000 | 204218 |
| 4.95%, 09/01/32 *(a)* | 150000 | 152918 |
| 5.00%, 01/15/33 *(a)* | 150000 | 152495 |
| 5.00%, 03/01/33 *(a)* | 200000 | 203394 |
| 5.50%, 06/01/34 *(a)* | 325000 | 337087 |
| 5.40%, 04/01/35 *(a)* | 175000 | 179147 |
| 5.40%, 09/15/35 *(a)* | 300000 | 306450 |
| 5.30%, 04/01/36 *(a)* | 375000 | 378315 |
| 4.50%, 04/15/38 *(a)* | 350000 | 325349 |
| 5.20%, 03/01/47 *(a)* | 200000 | 182912 |
| 5.20%, 12/01/47 *(a)* | 100000 | 91215 |
| 4.70%, 04/15/48 *(a)* | 300000 | 253476 |
| 5.50%, 02/15/49 *(a)* | 275000 | 258134 |
| 4.95%, 03/14/52 *(a)* | 300000 | 258570 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**57**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.65%, 03/01/53 *(a)* | 100000 | 94638 |
| 5.95%, 04/01/55 *(a)* | 175000 | 171827 |
| 6.20%, 09/15/55 *(a)* | 200000 | 203260 |
| 6.10%, 04/01/56 *(a)* | 100000 | 100156 |
| 4.90%, 04/15/58 *(a)* | 100000 | 83423 |
| **National Fuel Gas Co.** | **National Fuel Gas Co.** | **National Fuel Gas Co.** |
| 3.95%, 09/15/27 *(a)* | 100000 | 99858 |
| 4.75%, 09/01/28 *(a)* | 100000 | 101514 |
| 5.50%, 03/15/30 *(a)* | 95000 | 98921 |
| 5.95%, 03/15/35 *(a)* | 95000 | 101265 |
| **Northwest Pipeline LLC** | **Northwest Pipeline LLC** | **Northwest Pipeline LLC** |
| 4.00%, 04/01/27 *(a)* | 100000 | 100051 |
| **NOV, Inc.** | **NOV, Inc.** | **NOV, Inc.** |
| 3.60%, 12/01/29 *(a)* | 100000 | 98150 |
| 3.95%, 12/01/42 *(a)* | 225000 | 182212 |
| **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** |
| 8.88%, 07/15/30 *(a)* | 200000 | 232500 |
| 6.63%, 09/01/30 *(a)* | 250000 | 270955 |
| 6.13%, 01/01/31 *(a)* | 200000 | 215162 |
| 7.50%, 05/01/31  | 200000 | 227940 |
| 7.88%, 09/15/31  | 75000 | 87355 |
| 5.38%, 01/01/32 *(a)* | 150000 | 156195 |
| 5.55%, 10/01/34 *(a)* | 200000 | 208680 |
| 6.45%, 09/15/36  | 300000 | 327222 |
| 7.95%, 06/15/39  | 75000 | 90688 |
| 6.20%, 03/15/40  | 150000 | 156898 |
| 6.60%, 03/15/46 *(a)* | 200000 | 212708 |
| 4.40%, 04/15/46 *(a)* | 100000 | 81962 |
| 4.20%, 03/15/48 *(a)* | 50000 | 38846 |
| 6.05%, 10/01/54 *(a)* | 200000 | 199334 |
| **ONEOK Partners LP** | **ONEOK Partners LP** | **ONEOK Partners LP** |
| 6.65%, 10/01/36  | 100000 | 111267 |
| 6.85%, 10/15/37  | 125000 | 140745 |
| 6.13%, 02/01/41 *(a)* | 150000 | 158091 |
| 6.20%, 09/15/43 *(a)* | 75000 | 77883 |
| **ONEOK, Inc.** | **ONEOK, Inc.** | **ONEOK, Inc.** |
| 4.00%, 07/13/27 *(a)* | 100000 | 100108 |
| 4.25%, 09/24/27 *(a)* | 200000 | 200988 |
| 4.55%, 07/15/28 *(a)* | 150000 | 151662 |
| 5.65%, 11/01/28 *(a)* | 150000 | 155991 |
| 4.35%, 03/15/29 *(a)* | 150000 | 150993 |
| 5.38%, 06/01/29 *(a)* | 100000 | 103638 |
| 3.40%, 09/01/29 *(a)* | 150000 | 146736 |
| 4.40%, 10/15/29 *(a)* | 100000 | 100830 |
| 3.10%, 03/15/30 *(a)* | 100000 | 95842 |
| 3.25%, 06/01/30 *(a)* | 100000 | 96064 |
| 5.80%, 11/01/30 *(a)* | 100000 | 106066 |
| 6.35%, 01/15/31 *(a)* | 70000 | 75837 |
| 4.75%, 10/15/31 *(a)* | 250000 | 253555 |
| 4.95%, 10/15/32 *(a)* | 150000 | 152576 |
| 6.10%, 11/15/32 *(a)* | 150000 | 162015 |
| 6.05%, 09/01/33 *(a)* | 275000 | 295460 |
| 5.65%, 09/01/34 *(a)* | 100000 | 104479 |
| 5.05%, 11/01/34 *(a)* | 300000 | 301215 |
| 6.00%, 06/15/35  | 75000 | 79987 |
| 5.40%, 10/15/35 *(a)* | 200000 | 204154 |
| 5.15%, 10/15/43 *(a)* | 75000 | 69643 |
| 5.60%, 04/01/44 *(a)* | 75000 | 72215 |
| 5.05%, 04/01/45 *(a)* | 75000 | 67128 |
| 4.25%, 09/15/46 *(a)* | 75000 | 60052 |
| 5.45%, 06/01/47 *(a)* | 75000 | 70967 |
| 4.95%, 07/13/47 *(a)* | 100000 | 88976 |
| 4.20%, 10/03/47 *(a)* | 100000 | 79226 |
| 5.20%, 07/15/48 *(a)* | 200000 | 182150 |
| 4.85%, 02/01/49 *(a)* | 100000 | 86288 |
| 4.45%, 09/01/49 *(a)* | 100000 | 82616 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.95%, 03/01/50 *(a)* | 150000 | 110627 |
| 4.50%, 03/15/50 *(a)* | 100000 | 83001 |
| 7.15%, 01/15/51 *(a)* | 50000 | 56331 |
| 6.63%, 09/01/53 *(a)* | 325000 | 344698 |
| 5.70%, 11/01/54 *(a)* | 300000 | 283050 |
| 6.25%, 10/15/55 *(a)* | 225000 | 227794 |
| 5.85%, 11/01/64 *(a)* | 150000 | 142506 |
| **Ovintiv, Inc.** | **Ovintiv, Inc.** | **Ovintiv, Inc.** |
| 5.65%, 05/15/28 *(a)* | 150000 | 155411 |
| 7.20%, 11/01/31  | 75000 | 84066 |
| 7.38%, 11/01/31  | 200000 | 226064 |
| 6.25%, 07/15/33 *(a)* | 100000 | 107924 |
| 6.50%, 08/15/34  | 100000 | 109693 |
| 6.63%, 08/15/37  | 100000 | 109635 |
| 7.10%, 07/15/53 *(a)* | 100000 | 111774 |
| **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** |
| 3.95%, 02/01/28 *(a)* | 75000 | 74505 |
| 5.15%, 11/15/29 *(a)* | 100000 | 101775 |
| 7.15%, 10/01/33 *(a)* | 100000 | 109668 |
| **Phillips 66** | **Phillips 66** | **Phillips 66** |
| 3.90%, 03/15/28 *(a)* | 150000 | 149909 |
| 2.15%, 12/15/30 *(a)* | 150000 | 136898 |
| 4.65%, 11/15/34 *(a)* | 175000 | 173803 |
| 5.88%, 05/01/42  | 275000 | 283137 |
| 4.88%, 11/15/44 *(a)* | 375000 | 339101 |
| 3.30%, 03/15/52 *(a)* | 200000 | 134430 |
| **Phillips 66 Co.** | **Phillips 66 Co.** | **Phillips 66 Co.** |
| 4.95%, 12/01/27 *(a)* | 150000 | 152589 |
| 3.75%, 03/01/28 *(a)* | 100000 | 99892 |
| 3.15%, 12/15/29 *(a)* | 100000 | 96997 |
| 5.25%, 06/15/31 *(a)* | 225000 | 235197 |
| 5.30%, 06/30/33 *(a)* | 150000 | 155967 |
| 4.95%, 03/15/35 *(a)* | 100000 | 101233 |
| 4.68%, 02/15/45 *(a)* | 100000 | 87444 |
| 4.90%, 10/01/46 *(a)* | 100000 | 89336 |
| 5.65%, 06/15/54 *(a)* | 100000 | 96527 |
| 5.50%, 03/15/55 *(a)* | 100000 | 94985 |
| 5.88%, 03/15/56 *(a)(b)* | 180000 | 181103 |
| 6.20%, 03/15/56 *(a)(b)* | 180000 | 182412 |
| **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** |
| 1.90%, 08/15/30 *(a)* | 200000 | 183570 |
| 2.15%, 01/15/31 *(a)* | 200000 | 184080 |
| **Plains All American Pipeline LP** | **Plains All American Pipeline LP** | **Plains All American Pipeline LP** |
| 5.95%, 06/15/35 *(a)* | 200000 | 211320 |
| **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** |
| 3.55%, 12/15/29 *(a)* | 150000 | 147072 |
| 3.80%, 09/15/30 *(a)* | 150000 | 147303 |
| 4.70%, 01/15/31 *(a)* | 125000 | 126961 |
| 5.70%, 09/15/34 *(a)* | 150000 | 156664 |
| 5.60%, 01/15/36 *(a)* | 250000 | 256587 |
| 6.65%, 01/15/37  | 100000 | 110737 |
| 5.15%, 06/01/42 *(a)* | 100000 | 93614 |
| 4.30%, 01/31/43 *(a)* | 50000 | 42173 |
| 4.70%, 06/15/44 *(a)* | 100000 | 87399 |
| 4.90%, 02/15/45 *(a)* | 150000 | 134097 |
| **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** |
| 5.00%, 03/15/27 *(a)* | 250000 | 251175 |
| 4.20%, 03/15/28 *(a)* | 200000 | 200814 |
| 4.50%, 05/15/30 *(a)* | 375000 | 379294 |
| 5.90%, 09/15/37 *(a)* | 97239 | 103751 |
| **Schlumberger Investment SA** | **Schlumberger Investment SA** | **Schlumberger Investment SA** |
| 2.65%, 06/26/30 *(a)* | 100000 | 95346 |
| **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** |
| 3.88%, 11/13/28 *(a)(e)* | 300000 | 301590 |
| 2.38%, 11/07/29 *(a)* | 250000 | 237770 |
| 2.75%, 04/06/30 *(a)* | 300000 | 287001 |

---

*See financial notes*

**58**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.13%, 11/06/30 *(a)* | 180000 | 181413 |
| 4.13%, 05/11/35  | 275000 | 268062 |
| 4.75%, 01/06/36 *(a)* | 180000 | 182165 |
| 6.38%, 12/15/38 *(e)* | 500000 | 567450 |
| 5.50%, 03/25/40 *(e)* | 225000 | 234747 |
| 5.13%, 10/15/41 *(e)* | 100000 | 99493 |
| 4.55%, 08/12/43  | 175000 | 160344 |
| 4.38%, 05/11/45  | 430000 | 376929 |
| 4.00%, 05/10/46  | 280000 | 231753 |
| 3.75%, 09/12/46  | 200000 | 158762 |
| 3.13%, 11/07/49 *(a)(e)* | 200000 | 138562 |
| 3.25%, 04/06/50 *(a)* | 350000 | 247159 |
| 3.00%, 11/26/51 *(a)(e)* | 200000 | 132500 |
| **Shell International Finance BV** | **Shell International Finance BV** | **Shell International Finance BV** |
| 2.38%, 11/07/29 *(a)* | 100000 | 95053 |
| 4.13%, 05/11/35  | 75000 | 75531 |
| 6.38%, 12/15/38  | 100000 | 113342 |
| 2.88%, 11/26/41 *(a)* | 50000 | 37667 |
| 3.63%, 08/21/42  | 80000 | 65559 |
| 4.38%, 05/11/45  | 75000 | 65957 |
| 4.00%, 05/10/46  | 75000 | 62613 |
| **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** |
| 4.91%, 09/01/27 *(a)* | 150000 | 151641 |
| 5.03%, 10/01/29 *(a)* | 200000 | 204452 |
| 5.58%, 10/01/34 *(a)* | 200000 | 203862 |
| 6.18%, 10/01/54 *(a)* | 150000 | 147027 |
| **Spectra Energy Partners LP** | **Spectra Energy Partners LP** | **Spectra Energy Partners LP** |
| 5.95%, 09/25/43 *(a)* | 75000 | 77608 |
| 4.50%, 03/15/45 *(a)* | 150000 | 130157 |
| **Suncor Energy, Inc.** | **Suncor Energy, Inc.** | **Suncor Energy, Inc.** |
| 7.15%, 02/01/32  | 100000 | 113383 |
| 5.95%, 12/01/34  | 75000 | 80610 |
| 6.80%, 05/15/38  | 96000 | 108656 |
| 6.50%, 06/15/38  | 75000 | 82683 |
| 6.85%, 06/01/39  | 150000 | 169050 |
| 4.00%, 11/15/47 *(a)* | 150000 | 117542 |
| 3.75%, 03/04/51 *(a)* | 150000 | 109976 |
| **Targa Resources Corp.** | **Targa Resources Corp.** | **Targa Resources Corp.** |
| 5.20%, 07/01/27 *(a)* | 150000 | 152418 |
| 4.35%, 01/15/29 *(a)* | 140000 | 141098 |
| 6.15%, 03/01/29 *(a)* | 200000 | 211564 |
| 4.90%, 09/15/30 *(a)* | 125000 | 128318 |
| 4.20%, 02/01/33 *(a)* | 150000 | 145850 |
| 6.13%, 03/15/33 *(a)* | 175000 | 189418 |
| 6.50%, 03/30/34 *(a)* | 175000 | 193870 |
| 5.50%, 02/15/35 *(a)* | 175000 | 181137 |
| 5.55%, 08/15/35 *(a)* | 175000 | 181459 |
| 5.65%, 02/15/36 *(a)* | 140000 | 145681 |
| 5.40%, 07/30/36 *(a)* | 180000 | 183416 |
| 4.95%, 04/15/52 *(a)* | 150000 | 129773 |
| 6.25%, 07/01/52 *(a)* | 100000 | 102599 |
| 6.50%, 02/15/53 *(a)* | 150000 | 159259 |
| 6.13%, 05/15/55 *(a)* | 175000 | 177144 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** |
| 5.00%, 01/15/28 *(a)* | 200000 | 200126 |
| 5.50%, 03/01/30 *(a)* | 250000 | 254437 |
| 4.88%, 02/01/31 *(a)* | 200000 | 202580 |
| 4.00%, 01/15/32 *(a)* | 175000 | 169984 |
| **TC PipeLines LP** | **TC PipeLines LP** | **TC PipeLines LP** |
| 3.90%, 05/25/27 *(a)* | 100000 | 99872 |
| **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** |
| 7.00%, 10/15/28  | 100000 | 107616 |
| 7.63%, 04/01/37  | 75000 | 90591 |
| **Texas Eastern Transmission LP** | **Texas Eastern Transmission LP** | **Texas Eastern Transmission LP** |
| 7.00%, 07/15/32  | 100000 | 113905 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** |
| 3.46%, 02/19/29 *(a)* | 150000 | 148766 |
| 2.83%, 01/10/30 *(a)* | 200000 | 193314 |
| 2.99%, 06/29/41 *(a)* | 175000 | 135140 |
| 3.46%, 07/12/49 *(a)* | 200000 | 147518 |
| 3.13%, 05/29/50 *(a)* | 450000 | 309055 |
| 3.39%, 06/29/60 *(a)* | 150000 | 99936 |
| **TotalEnergies Capital SA** | **TotalEnergies Capital SA** | **TotalEnergies Capital SA** |
| 3.88%, 10/11/28  | 150000 | 150834 |
| 5.15%, 04/05/34 *(a)* | 275000 | 288150 |
| 4.72%, 09/10/34 *(a)* | 200000 | 204066 |
| 5.49%, 04/05/54 *(a)* | 325000 | 321808 |
| 5.28%, 09/10/54 *(a)* | 175000 | 168261 |
| 5.64%, 04/05/64 *(a)* | 200000 | 198174 |
| 5.43%, 09/10/64 *(a)* | 275000 | 262685 |
| **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** |
| 4.25%, 01/13/31 *(a)* | 275000 | 277472 |
| 4.57%, 01/13/33 *(a)* | 250000 | 253410 |
| 4.86%, 01/13/36 *(a)* | 150000 | 151653 |
| **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** |
| 4.25%, 05/15/28 *(a)* | 250000 | 251422 |
| 4.10%, 04/15/30 *(a)* | 200000 | 199738 |
| 4.63%, 03/01/34 *(a)* | 300000 | 298257 |
| 5.60%, 03/31/34  | 100000 | 106102 |
| 5.85%, 03/15/36  | 100000 | 106769 |
| 6.20%, 10/15/37  | 175000 | 190552 |
| 7.25%, 08/15/38  | 100000 | 117729 |
| 7.63%, 01/15/39  | 250000 | 303990 |
| 6.10%, 06/01/40  | 150000 | 161832 |
| 5.00%, 10/16/43 *(a)* | 75000 | 72221 |
| 4.88%, 05/15/48 *(a)* | 100000 | 90053 |
| 5.10%, 03/15/49 *(a)* | 150000 | 143475 |
| 7.00%, 06/01/65 *(a)(b)* | 150000 | 156159 |
| **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** |
| 4.00%, 03/15/28 *(a)* | 100000 | 100186 |
| 3.25%, 05/15/30 *(a)* | 100000 | 96834 |
| 5.10%, 03/15/36 *(a)(e)* | 180000 | 183470 |
| 5.40%, 08/15/41 *(a)* | 100000 | 100082 |
| 4.45%, 08/01/42 *(a)* | 100000 | 89848 |
| 4.60%, 03/15/48 *(a)* | 100000 | 87818 |
| 3.95%, 05/15/50 *(a)* | 100000 | 78987 |
| 5.75%, 03/15/56 *(a)(e)* | 130000 | 130944 |
| **Valero Energy Corp.** | **Valero Energy Corp.** | **Valero Energy Corp.** |
| 2.15%, 09/15/27 *(a)* | 150000 | 146070 |
| 4.35%, 06/01/28 *(a)* | 150000 | 151229 |
| 4.00%, 04/01/29 *(a)* | 50000 | 50036 |
| 5.15%, 02/15/30 *(a)* | 150000 | 155562 |
| 2.80%, 12/01/31 *(a)* | 75000 | 69371 |
| 7.50%, 04/15/32  | 150000 | 174253 |
| 6.63%, 06/15/37  | 275000 | 308987 |
| 4.90%, 03/15/45  | 130000 | 119380 |
| 3.65%, 12/01/51 *(a)* | 150000 | 106953 |
| 4.00%, 06/01/52 *(a)* | 75000 | 56960 |
| **Valero Energy Partners LP** | **Valero Energy Partners LP** | **Valero Energy Partners LP** |
| 4.50%, 03/15/28 *(a)* | 100000 | 100979 |
| **Viper Energy Partners LLC** | **Viper Energy Partners LLC** | **Viper Energy Partners LLC** |
| 4.90%, 08/01/30 *(a)* | 90000 | 91978 |
| 5.70%, 08/01/35 *(a)* | 190000 | 197152 |
| **Western Midstream Operating LP** | **Western Midstream Operating LP** | **Western Midstream Operating LP** |
| 4.50%, 03/01/28 *(a)* | 200000 | 201564 |
| 4.75%, 08/15/28 *(a)* | 50000 | 50752 |
| 6.35%, 01/15/29 *(a)* | 100000 | 105651 |
| 4.05%, 02/01/30 *(a)(f)* | 200000 | 197656 |
| 4.80%, 03/01/31 *(a)* | 100000 | 100903 |
| 6.15%, 04/01/33 *(a)* | 150000 | 160504 |
| 5.45%, 11/15/34 *(a)* | 150000 | 152675 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**59**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.50%, 12/15/35 *(a)* | 100000 | 100936 |
| 5.45%, 04/01/44 *(a)* | 100000 | 92382 |
| 5.30%, 03/01/48 *(a)* | 150000 | 132546 |
| 5.50%, 08/15/48 *(a)* | 100000 | 90494 |
| 5.25%, 02/01/50 *(a)(f)* | 175000 | 152107 |
| **Williams Cos., Inc.** | **Williams Cos., Inc.** | **Williams Cos., Inc.** |
| 3.75%, 06/15/27 *(a)* | 275000 | 274499 |
| 5.30%, 08/15/28 *(a)* | 150000 | 154863 |
| 4.90%, 03/15/29 *(a)* | 200000 | 205164 |
| 4.80%, 11/15/29 *(a)* | 75000 | 76887 |
| 4.63%, 06/30/30 *(a)* | 150000 | 152640 |
| 3.50%, 11/15/30 *(a)* | 150000 | 145374 |
| 7.50%, 01/15/31  | 75000 | 85761 |
| 2.60%, 03/15/31 *(a)* | 275000 | 254402 |
| 8.75%, 03/15/32  | 50000 | 61057 |
| 4.65%, 08/15/32 *(a)* | 150000 | 151913 |
| 5.65%, 03/15/33 *(a)* | 350000 | 370370 |
| 5.15%, 03/15/34 *(a)* | 225000 | 230794 |
| 5.60%, 03/15/35 *(a)* | 200000 | 210196 |
| 5.30%, 09/30/35 *(a)* | 150000 | 154067 |
| 5.15%, 03/15/36 *(a)* | 200000 | 202312 |
| 6.30%, 04/15/40  | 200000 | 218222 |
| 5.80%, 11/15/43 *(a)* | 72000 | 72783 |
| 5.40%, 03/04/44 *(a)* | 100000 | 97387 |
| 5.75%, 06/24/44 *(a)* | 100000 | 101574 |
| 4.90%, 01/15/45 *(a)* | 100000 | 91542 |
| 5.10%, 09/15/45 *(a)* | 200000 | 187356 |
| 4.85%, 03/01/48 *(a)* | 150000 | 133500 |
| 3.50%, 10/15/51 *(a)* | 125000 | 88434 |
| 5.30%, 08/15/52 *(a)* | 150000 | 140309 |
| 5.80%, 11/15/54 *(a)* | 150000 | 149568 |
| 6.00%, 03/15/55 *(a)* | 75000 | 76978 |
| 5.95%, 03/15/56 *(a)* | 200000 | 203162 |
| **Woodside Finance Ltd.** | **Woodside Finance Ltd.** | **Woodside Finance Ltd.** |
| 4.90%, 05/19/28 *(a)* | 100000 | 101746 |
| 5.40%, 05/19/30 *(a)* | 250000 | 259520 |
| 5.70%, 05/19/32 *(a)* | 100000 | 105908 |
| 5.10%, 09/12/34 *(a)* | 225000 | 226206 |
| 6.00%, 05/19/35 *(a)* | 200000 | 211882 |
| 5.70%, 09/12/54 *(a)* | 150000 | 145049 |
|  |  | **102470323** |
| ***Industrial Other 0.1%***  | ***Industrial Other 0.1%***  | ***Industrial Other 0.1%***  |
| **American University** | **American University** | **American University** |
| 3.67%, 04/01/49  | 100000 | 78381 |
| **Booz Allen Hamilton, Inc.** | **Booz Allen Hamilton, Inc.** | **Booz Allen Hamilton, Inc.** |
| 5.95%, 08/04/33 *(a)* | 150000 | 154024 |
| 5.95%, 04/15/35 *(a)* | 150000 | 152311 |
| **Brown University** | **Brown University** | **Brown University** |
| 2.92%, 09/01/50 *(a)* | 100000 | 68385 |
| **California Institute of Technology** | **California Institute of Technology** | **California Institute of Technology** |
| 4.32%, 08/01/45  | 100000 | 89739 |
| 3.65%, 09/01/19 *(a)* | 150000 | 98803 |
| **Case Western Reserve University** | **Case Western Reserve University** | **Case Western Reserve University** |
| 5.41%, 06/01/22 *(a)* | 50000 | 47565 |
| **Cintas Corp. No. 2** | **Cintas Corp. No. 2** | **Cintas Corp. No. 2** |
| 3.70%, 04/01/27 *(a)* | 150000 | 149883 |
| 4.20%, 05/01/28 *(a)* | 75000 | 75684 |
| 4.00%, 05/01/32 *(a)* | 150000 | 148716 |
| **Claremont Mckenna College** | **Claremont Mckenna College** | **Claremont Mckenna College** |
| 3.78%, 01/01/22 *(a)* | 50000 | 33759 |
| **Cornell University** | **Cornell University** | **Cornell University** |
| 4.17%, 06/15/30 *(a)* | 90000 | 91275 |
| 4.84%, 06/15/34 *(a)* | 100000 | 103470 |
| 4.73%, 06/15/35 *(a)* | 90000 | 92119 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Duke University** | **Duke University** | **Duke University** |
| 2.68%, 10/01/44  | 100000 | 76394 |
| 2.76%, 10/01/50  | 25000 | 16665 |
| 2.83%, 10/01/55  | 100000 | 65649 |
| **Emory University** | **Emory University** | **Emory University** |
| 2.97%, 09/01/50 *(a)* | 150000 | 103197 |
| **George Washington University** | **George Washington University** | **George Washington University** |
| 4.30%, 09/15/44  | 100000 | 88429 |
| 4.87%, 09/15/45  | 50000 | 47447 |
| 4.13%, 09/15/48 *(a)* | 150000 | 126099 |
| **Georgetown University** | **Georgetown University** | **Georgetown University** |
| 4.32%, 04/01/49 *(a)* | 50000 | 43144 |
| 2.94%, 04/01/50 *(a)* | 100000 | 67118 |
| 5.22%, 10/01/18 *(a)* | 50000 | 45586 |
| **Howard University** | **Howard University** | **Howard University** |
| 5.21%, 10/01/52 *(a)* | 50000 | 43141 |
| **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** |
| 6.35%, 08/18/28 *(a)* | 125000 | 131372 |
| 5.90%, 03/01/33 *(a)* | 100000 | 105554 |
| **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** |
| 4.75%, 03/03/31 *(a)* | 300000 | 300498 |
| **Johns Hopkins University** | **Johns Hopkins University** | **Johns Hopkins University** |
| 4.08%, 07/01/53  | 100000 | 83657 |
| 2.81%, 01/01/60 *(a)* | 75000 | 45799 |
| **Leland Stanford Junior University** | **Leland Stanford Junior University** | **Leland Stanford Junior University** |
| 1.29%, 06/01/27 *(a)* | 200000 | 194646 |
| 4.15%, 08/01/30 *(a)* | 150000 | 152233 |
| 3.65%, 05/01/48 *(a)* | 100000 | 81649 |
| 2.41%, 06/01/50 *(a)* | 50000 | 31186 |
| **Massachusetts Institute of Technology** | **Massachusetts Institute of Technology** | **Massachusetts Institute of Technology** |
| 3.96%, 07/01/38  | 150000 | 141516 |
| 2.99%, 07/01/50 *(a)* | 100000 | 70164 |
| 2.29%, 07/01/51 *(a)* | 100000 | 59952 |
| 5.62%, 06/01/55 *(a)* | 100000 | 106814 |
| 5.60%, 07/01/11  | 150000 | 154882 |
| 4.68%, 07/01/14  | 175000 | 151984 |
| **MasTec, Inc.** | **MasTec, Inc.** | **MasTec, Inc.** |
| 5.90%, 06/15/29 *(a)* | 100000 | 104996 |
| **Northeastern University** | **Northeastern University** | **Northeastern University** |
| 2.89%, 10/01/50  | 75000 | 51737 |
| **Northwestern University** | **Northwestern University** | **Northwestern University** |
| 4.64%, 12/01/44  | 100000 | 97255 |
| 2.64%, 12/01/50 *(a)* | 100000 | 64962 |
| 3.66%, 12/01/57 *(a)* | 75000 | 56990 |
| **President & Fellows of Harvard College** | **President & Fellows of Harvard College** | **President & Fellows of Harvard College** |
| 4.61%, 02/15/35 *(a)(c)* | 150000 | 153951 |
| 5.26%, 03/15/36 *(a)* | 75000 | 80372 |
| 4.88%, 10/15/40  | 75000 | 76768 |
| 3.15%, 07/15/46 *(a)* | 100000 | 75704 |
| 2.52%, 10/15/50 *(a)* | 100000 | 63566 |
| 3.75%, 11/15/52 *(a)* | 100000 | 79573 |
| 3.30%, 07/15/56 *(a)* | 100000 | 71078 |
| **Quanta Services, Inc.** | **Quanta Services, Inc.** | **Quanta Services, Inc.** |
| 4.75%, 08/09/27 *(a)* | 100000 | 101100 |
| 4.30%, 08/09/28 *(a)* | 100000 | 100849 |
| 2.90%, 10/01/30 *(a)* | 175000 | 165520 |
| 4.50%, 01/15/31 *(a)* | 100000 | 101195 |
| 5.25%, 08/09/34 *(a)* | 100000 | 103671 |
| 5.10%, 08/09/35 *(a)* | 100000 | 101922 |
| 3.05%, 10/01/41 *(a)* | 150000 | 114624 |
| **Thomas Jefferson University** | **Thomas Jefferson University** | **Thomas Jefferson University** |
| 3.85%, 11/01/57 *(a)* | 75000 | 55857 |
| **Trustees of Boston College** | **Trustees of Boston College** | **Trustees of Boston College** |
| 3.13%, 07/01/52  | 100000 | 71402 |

---

*See financial notes*

**60**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Trustees of Columbia University in the City of New York** | **Trustees of Columbia University in the City of New York** | **Trustees of Columbia University in the City of New York** |
| 4.36%, 10/01/35 *(a)* | 75000 | 74828 |
| **Trustees of Dartmouth College** | **Trustees of Dartmouth College** | **Trustees of Dartmouth College** |
| 4.27%, 06/01/30 *(a)* | 50000 | 50817 |
| **Trustees of Princeton University** | **Trustees of Princeton University** | **Trustees of Princeton University** |
| 5.70%, 03/01/39  | 150000 | 164428 |
| 2.52%, 07/01/50 *(a)* | 100000 | 64981 |
| **Trustees of the University of Pennsylvania** | **Trustees of the University of Pennsylvania** | **Trustees of the University of Pennsylvania** |
| 2.40%, 10/01/50 *(a)* | 50000 | 30609 |
| 4.67%, 09/01/12  | 50000 | 42387 |
| 3.61%, 02/15/19 *(a)* | 75000 | 49532 |
| **University of Chicago** | **University of Chicago** | **University of Chicago** |
| 2.76%, 04/01/45 *(a)* | 100000 | 81360 |
| 2.55%, 04/01/50 *(a)* | 100000 | 66643 |
| 4.00%, 10/01/53 *(a)* | 50000 | 40709 |
| **University of Miami** | **University of Miami** | **University of Miami** |
| 4.06%, 04/01/52  | 100000 | 82619 |
| **University of Notre Dame du Lac** | **University of Notre Dame du Lac** | **University of Notre Dame du Lac** |
| 3.44%, 02/15/45  | 50000 | 40075 |
| 3.39%, 02/15/48 *(a)* | 100000 | 77541 |
| **University of Southern California** | **University of Southern California** | **University of Southern California** |
| 3.03%, 10/01/39  | 150000 | 127884 |
| 3.84%, 10/01/47 *(a)* | 75000 | 62374 |
| 2.95%, 10/01/51 *(a)* | 100000 | 67659 |
| 4.98%, 10/01/53 *(a)* | 100000 | 96252 |
| 3.23%, 10/01/20 *(a)* | 100000 | 60122 |
| **Washington University** | **Washington University** | **Washington University** |
| 3.52%, 04/15/54 *(a)* | 125000 | 94837 |
| 4.35%, 04/15/22 *(a)* | 100000 | 78830 |
| **William Marsh Rice University** | **William Marsh Rice University** | **William Marsh Rice University** |
| 3.57%, 05/15/45  | 200000 | 165056 |
| **Yale University** | **Yale University** | **Yale University** |
| 1.48%, 04/15/30 *(a)* | 50000 | 45718 |
| 4.70%, 04/15/32 *(a)* | 100000 | 104024 |
| 2.40%, 04/15/50 *(a)* | 100000 | 62456 |
|  |  | **7643722** |
| ***Technology 2.3%***  | ***Technology 2.3%***  | ***Technology 2.3%***  |
| **Accenture Capital, Inc.** | **Accenture Capital, Inc.** | **Accenture Capital, Inc.** |
| 3.90%, 10/04/27 *(a)* | 200000 | 200850 |
| 4.05%, 10/04/29 *(a)* | 200000 | 201214 |
| 4.25%, 10/04/31 *(a)* | 200000 | 200742 |
| 4.50%, 10/04/34 *(a)* | 300000 | 297003 |
| **Adobe, Inc.** | **Adobe, Inc.** | **Adobe, Inc.** |
| 4.85%, 04/04/27 *(a)* | 100000 | 101174 |
| 4.75%, 01/17/28 *(a)* | 200000 | 203986 |
| 4.80%, 04/04/29 *(a)* | 125000 | 128350 |
| 4.95%, 01/17/30 *(a)* | 100000 | 103427 |
| 2.30%, 02/01/30 *(a)* | 200000 | 187572 |
| 4.95%, 04/04/34 *(a)* | 150000 | 153348 |
| 5.30%, 01/17/35 *(a)* | 100000 | 104298 |
| **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** |
| 4.32%, 03/24/28 *(a)* | 100000 | 101191 |
| 3.92%, 06/01/32 *(a)* | 100000 | 99178 |
| 4.39%, 06/01/52 *(a)* | 75000 | 64286 |
| **Alphabet, Inc.** | **Alphabet, Inc.** | **Alphabet, Inc.** |
| 0.80%, 08/15/27 *(a)* | 150000 | 144359 |
| 3.88%, 11/15/28 *(a)* | 180000 | 181316 |
| 3.70%, 02/15/29 *(a)* | 500000 | 500505 |
| 4.00%, 05/15/30 *(a)* | 150000 | 151104 |
| 1.10%, 08/15/30 *(a)* | 450000 | 401161 |
| 4.10%, 11/15/30 *(a)* | 460000 | 464191 |
| 4.10%, 02/15/31 *(a)* | 500000 | 503505 |
| 4.38%, 11/15/32 *(a)* | 230000 | 233160 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.40%, 02/15/33 *(a)* | 1075000 | 1084524 |
| 4.50%, 05/15/35 *(a)* | 250000 | 251715 |
| 4.70%, 11/15/35 *(a)* | 650000 | 658261 |
| 4.80%, 02/15/36 *(a)* | 750000 | 762480 |
| 1.90%, 08/15/40 *(a)* | 250000 | 172725 |
| 5.35%, 11/15/45 *(a)* | 370000 | 371746 |
| 5.50%, 02/15/46 *(a)* | 300000 | 305895 |
| 2.05%, 08/15/50 *(a)* | 450000 | 248440 |
| 5.25%, 05/15/55 *(a)* | 300000 | 291654 |
| 5.45%, 11/15/55 *(a)* | 740000 | 735989 |
| 5.65%, 02/15/56 *(a)* | 750000 | 767572 |
| 2.25%, 08/15/60 *(a)* | 375000 | 197370 |
| 5.30%, 05/15/65 *(a)* | 300000 | 284814 |
| 5.75%, 02/15/66 *(a)* | 330000 | 336296 |
| 5.70%, 11/15/75 *(a)* | 510000 | 510168 |
| **Amdocs Ltd.** | **Amdocs Ltd.** | **Amdocs Ltd.** |
| 2.54%, 06/15/30 *(a)* | 150000 | 137106 |
| **Analog Devices, Inc.** | **Analog Devices, Inc.** | **Analog Devices, Inc.** |
| 3.45%, 06/15/27 *(a)* | 100000 | 99702 |
| 4.25%, 06/15/28 *(a)* | 160000 | 161805 |
| 1.70%, 10/01/28 *(a)* | 200000 | 189934 |
| 4.50%, 06/15/30 *(a)* | 120000 | 122707 |
| 2.10%, 10/01/31 *(a)* | 200000 | 180106 |
| 5.05%, 04/01/34 *(a)* | 100000 | 104700 |
| 2.80%, 10/01/41 *(a)* | 200000 | 150392 |
| 2.95%, 10/01/51 *(a)* | 200000 | 132380 |
| 5.30%, 04/01/54 *(a)* | 100000 | 98007 |
| **Apple, Inc.** | **Apple, Inc.** | **Apple, Inc.** |
| 3.20%, 05/11/27 *(a)* | 350000 | 348747 |
| 3.00%, 06/20/27 *(a)* | 200000 | 198782 |
| 2.90%, 09/12/27 *(a)* | 350000 | 346643 |
| 3.00%, 11/13/27 *(a)* | 300000 | 297759 |
| 1.20%, 02/08/28 *(a)* | 450000 | 430501 |
| 4.00%, 05/10/28 *(a)* | 250000 | 252217 |
| 4.00%, 05/12/28 *(a)* | 300000 | 302763 |
| 1.40%, 08/05/28 *(a)* | 400000 | 380440 |
| 3.25%, 08/08/29 *(a)* | 225000 | 222419 |
| 2.20%, 09/11/29 *(a)* | 350000 | 333560 |
| 4.15%, 05/10/30 *(a)* | 100000 | 101613 |
| 1.65%, 05/11/30 *(a)* | 300000 | 275646 |
| 4.20%, 05/12/30 *(a)* | 200000 | 203318 |
| 1.25%, 08/20/30 *(a)* | 200000 | 179536 |
| 1.65%, 02/08/31 *(a)* | 500000 | 452760 |
| 1.70%, 08/05/31 *(a)* | 200000 | 179392 |
| 4.50%, 05/12/32 *(a)* | 200000 | 206476 |
| 3.35%, 08/08/32 *(a)* | 300000 | 291039 |
| 4.30%, 05/10/33 *(a)* | 175000 | 178993 |
| 4.75%, 05/12/35 *(a)* | 200000 | 206688 |
| 4.50%, 02/23/36 *(a)* | 200000 | 204724 |
| 2.38%, 02/08/41 *(a)* | 300000 | 220140 |
| 3.85%, 05/04/43  | 580000 | 497866 |
| 4.45%, 05/06/44  | 250000 | 232685 |
| 3.45%, 02/09/45  | 400000 | 316700 |
| 4.38%, 05/13/45  | 350000 | 316764 |
| 4.65%, 02/23/46 *(a)* | 725000 | 675693 |
| 3.85%, 08/04/46 *(a)* | 350000 | 288914 |
| 4.25%, 02/09/47 *(a)* | 195000 | 170003 |
| 3.75%, 09/12/47 *(a)* | 200000 | 160890 |
| 3.75%, 11/13/47 *(a)* | 250000 | 201147 |
| 2.95%, 09/11/49 *(a)* | 300000 | 205161 |
| 2.65%, 05/11/50 *(a)* | 475000 | 302613 |
| 2.40%, 08/20/50 *(a)* | 250000 | 150595 |
| 2.65%, 02/08/51 *(a)* | 575000 | 362733 |
| 2.70%, 08/05/51 *(a)* | 300000 | 190797 |
| 3.95%, 08/08/52 *(a)* | 300000 | 242061 |
| 4.85%, 05/10/53 *(a)* | 250000 | 239710 |
| 2.55%, 08/20/60 *(a)* | 300000 | 169092 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**61**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.80%, 02/08/61 *(a)* | 325000 | 193677 |
| 2.85%, 08/05/61 *(a)* | 275000 | 166006 |
| 4.10%, 08/08/62 *(a)* | 275000 | 219348 |
| **Applied Materials, Inc.** | **Applied Materials, Inc.** | **Applied Materials, Inc.** |
| 3.30%, 04/01/27 *(a)* | 225000 | 224152 |
| 4.80%, 06/15/29 *(a)* | 150000 | 154589 |
| 1.75%, 06/01/30 *(a)* | 150000 | 136848 |
| 4.00%, 01/15/31 *(a)* | 100000 | 100108 |
| 5.10%, 10/01/35 *(a)* | 75000 | 78077 |
| 4.60%, 01/15/36 *(a)* | 80000 | 79601 |
| 5.85%, 06/15/41  | 100000 | 108540 |
| 4.35%, 04/01/47 *(a)* | 200000 | 177272 |
| 2.75%, 06/01/50 *(a)* | 150000 | 99303 |
| **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** |
| 3.88%, 01/12/28 *(a)* | 100000 | 99522 |
| 5.15%, 08/21/29 *(a)* | 100000 | 102581 |
| 2.95%, 02/15/32 *(a)* | 100000 | 90544 |
| 5.88%, 04/10/34 *(a)* | 100000 | 105445 |
| **Atlassian Corp.** | **Atlassian Corp.** | **Atlassian Corp.** |
| 5.25%, 05/15/29 *(a)* | 100000 | 101780 |
| 5.50%, 05/15/34 *(a)* | 100000 | 99758 |
| **Autodesk, Inc.** | **Autodesk, Inc.** | **Autodesk, Inc.** |
| 3.50%, 06/15/27 *(a)* | 100000 | 99435 |
| 2.85%, 01/15/30 *(a)* | 100000 | 95339 |
| 2.40%, 12/15/31 *(a)* | 200000 | 179242 |
| 5.30%, 06/15/35 *(a)* | 90000 | 91653 |
| **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** |
| 1.70%, 05/15/28 *(a)* | 200000 | 191654 |
| 1.25%, 09/01/30 *(a)* | 200000 | 178604 |
| 4.75%, 05/08/32 *(a)* | 200000 | 206408 |
| 4.45%, 09/09/34 *(a)* | 175000 | 175028 |
| **Avnet, Inc.** | **Avnet, Inc.** | **Avnet, Inc.** |
| 6.25%, 03/15/28 *(a)* | 100000 | 103785 |
| 3.00%, 05/15/31 *(a)* | 50000 | 46132 |
| 5.50%, 06/01/32 *(a)* | 50000 | 51958 |
| **Baidu, Inc.** | **Baidu, Inc.** | **Baidu, Inc.** |
| 3.63%, 07/06/27  | 300000 | 299271 |
| 4.38%, 03/29/28 *(a)* | 200000 | 201894 |
| 4.88%, 11/14/28 *(a)* | 200000 | 204878 |
| 2.38%, 08/23/31 *(a)(c)* | 200000 | 184458 |
| **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** |
| 3.50%, 01/15/28 *(a)* | 150000 | 149399 |
| **Broadcom, Inc.** | **Broadcom, Inc.** | **Broadcom, Inc.** |
| 5.05%, 07/12/27 *(a)* | 89000 | 90490 |
| 1.95%, 02/15/28 *(a)* | 175000 | 169171 |
| 4.80%, 04/15/28 *(a)* | 200000 | 204096 |
| 4.00%, 04/15/29 *(a)(e)* | 150000 | 150407 |
| 4.75%, 04/15/29 *(a)* | 300000 | 306954 |
| 5.05%, 07/12/29 *(a)* | 400000 | 413684 |
| 4.35%, 02/15/30 *(a)* | 250000 | 253145 |
| 5.00%, 04/15/30 *(a)* | 150000 | 155117 |
| 5.05%, 04/15/30 *(a)* | 150000 | 155517 |
| 4.60%, 07/15/30 *(a)* | 310000 | 316913 |
| 4.20%, 10/15/30 *(a)* | 180000 | 180995 |
| 4.15%, 11/15/30 *(a)* | 350000 | 351232 |
| 4.30%, 01/15/31 *(a)* | 250000 | 252235 |
| 2.45%, 02/15/31 *(a)* | 525000 | 485347 |
| 5.15%, 11/15/31 *(a)* | 325000 | 340304 |
| 4.55%, 02/15/32 *(a)* | 150000 | 152027 |
| 4.15%, 04/15/32 *(a)(e)* | 250000 | 247497 |
| 5.20%, 04/15/32 *(a)* | 200000 | 209208 |
| 4.90%, 07/15/32 *(a)* | 310000 | 319477 |
| 4.30%, 11/15/32 *(a)* | 350000 | 348929 |
| 4.60%, 01/15/33 *(a)* | 250000 | 252727 |
| 2.60%, 02/15/33 *(a)* | 300000 | 267117 |
| 3.42%, 04/15/33 *(a)* | 400000 | 374664 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.47%, 04/15/34 *(a)* | 600000 | 554664 |
| 4.80%, 10/15/34 *(a)* | 350000 | 353850 |
| 5.20%, 07/15/35 *(a)* | 450000 | 465268 |
| 3.14%, 11/15/35 *(a)(e)* | 575000 | 502803 |
| 4.95%, 01/15/36 *(a)* | 200000 | 202464 |
| 4.80%, 02/15/36 *(a)* | 400000 | 401168 |
| 3.19%, 11/15/36 *(a)(e)* | 525000 | 452986 |
| 4.93%, 05/15/37 *(a)(e)* | 463000 | 463111 |
| 4.90%, 02/15/38 *(a)* | 310000 | 308748 |
| 3.50%, 02/15/41 *(a)* | 625000 | 518406 |
| 3.75%, 02/15/51 *(a)* | 325000 | 250838 |
| 5.70%, 01/15/56 *(a)* | 275000 | 282791 |
| **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** |
| 2.90%, 12/01/29 *(a)* | 150000 | 142151 |
| 2.60%, 05/01/31 *(a)* | 200000 | 181418 |
| **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** |
| 4.20%, 09/10/27  | 100000 | 100519 |
| 4.30%, 09/10/29 *(a)* | 200000 | 202216 |
| 4.70%, 09/10/34 *(a)* | 175000 | 176459 |
| **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** |
| 4.25%, 04/01/28 *(a)* | 200000 | 199392 |
| 3.28%, 12/01/28 *(a)* | 100000 | 97586 |
| 3.25%, 02/15/29 *(a)* | 100000 | 96624 |
| 5.10%, 03/01/30 *(a)* | 100000 | 101735 |
| 3.57%, 12/01/31 *(a)* | 200000 | 186936 |
| 5.55%, 08/22/34 *(a)* | 100000 | 100717 |
| **CGI, Inc.** | **CGI, Inc.** | **CGI, Inc.** |
| 4.95%, 03/14/30 *(a)* | 125000 | 127054 |
| 2.30%, 09/14/31 *(a)* | 100000 | 89113 |
| **Cisco Systems, Inc.** | **Cisco Systems, Inc.** | **Cisco Systems, Inc.** |
| 4.55%, 02/24/28 *(a)* | 150000 | 152507 |
| 4.85%, 02/26/29 *(a)* | 500000 | 515025 |
| 4.75%, 02/24/30 *(a)* | 200000 | 206302 |
| 4.95%, 02/26/31 *(a)* | 450000 | 468405 |
| 4.95%, 02/24/32 *(a)* | 200000 | 208398 |
| 5.05%, 02/26/34 *(a)* | 500000 | 519580 |
| 5.10%, 02/24/35 *(a)* | 200000 | 207838 |
| 5.90%, 02/15/39  | 375000 | 410107 |
| 5.50%, 01/15/40  | 375000 | 393907 |
| 5.30%, 02/26/54 *(a)* | 350000 | 340774 |
| 5.50%, 02/24/55 *(a)* | 150000 | 150723 |
| 5.35%, 02/26/64 *(a)* | 200000 | 191694 |
| **Concentrix Corp.** | **Concentrix Corp.** | **Concentrix Corp.** |
| 6.60%, 08/02/28 *(a)* | 150000 | 151016 |
| 6.50%, 03/01/29 *(a)* | 100000 | 98852 |
| 6.85%, 08/02/33 *(a)* | 100000 | 96376 |
| **Corning, Inc.** | **Corning, Inc.** | **Corning, Inc.** |
| 5.75%, 08/15/40  | 100000 | 106363 |
| 4.75%, 03/15/42  | 100000 | 94463 |
| 5.35%, 11/15/48 *(a)* | 100000 | 99184 |
| 3.90%, 11/15/49 *(a)* | 100000 | 79488 |
| 4.38%, 11/15/57 *(a)* | 150000 | 125516 |
| 5.85%, 11/15/68 *(a)* | 50000 | 50085 |
| 5.45%, 11/15/79 *(a)* | 190000 | 179833 |
| **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** |
| 6.10%, 07/15/27 *(a)* | 97000 | 99524 |
| 5.25%, 02/01/28 *(a)* | 194000 | 198437 |
| 4.75%, 04/01/28 *(a)* | 170000 | 172708 |
| 4.15%, 02/15/29 *(a)* | 130000 | 130452 |
| 5.30%, 10/01/29 *(a)* | 291000 | 301787 |
| 4.35%, 02/01/30 *(a)* | 145000 | 145832 |
| 5.00%, 04/01/30 *(a)* | 170000 | 174859 |
| 6.20%, 07/15/30 *(a)* | 197000 | 211602 |
| 4.50%, 02/15/31 *(a)* | 220000 | 221100 |
| 5.30%, 04/01/32 *(a)* | 170000 | 176681 |
| 4.75%, 10/06/32 *(a)* | 220000 | 221951 |

---

*See financial notes*

**62**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.75%, 02/01/33 *(a)* | 194000 | 206049 |
| 5.40%, 04/15/34 *(a)* | 170000 | 176125 |
| 4.85%, 02/01/35 *(a)* | 145000 | 144110 |
| 5.50%, 04/01/35 *(a)* | 170000 | 176671 |
| 5.10%, 02/15/36 *(a)* | 220000 | 220717 |
| 8.10%, 07/15/36 *(a)* | 183000 | 222387 |
| 3.38%, 12/15/41 *(a)* | 195000 | 150953 |
| 8.35%, 07/15/46 *(a)* | 135000 | 172889 |
| 3.45%, 12/15/51 *(a)* | 145000 | 101687 |
| **Dell, Inc.** | **Dell, Inc.** | **Dell, Inc.** |
| 7.10%, 04/15/28  | 73000 | 77509 |
| 6.50%, 04/15/38  | 73000 | 79398 |
| **DXC Technology Co.** | **DXC Technology Co.** | **DXC Technology Co.** |
| 2.38%, 09/15/28 *(a)* | 150000 | 141581 |
| **Equifax, Inc.** | **Equifax, Inc.** | **Equifax, Inc.** |
| 5.10%, 12/15/27 *(a)* | 150000 | 152778 |
| 5.10%, 06/01/28 *(a)* | 150000 | 153225 |
| 4.80%, 09/15/29 *(a)* | 100000 | 101857 |
| 3.10%, 05/15/30 *(a)* | 100000 | 95411 |
| 2.35%, 09/15/31 *(a)* | 200000 | 179302 |
| **Equinix Asia Financing Corp. Pte. Ltd.** | **Equinix Asia Financing Corp. Pte. Ltd.** | **Equinix Asia Financing Corp. Pte. Ltd.** |
| 4.40%, 03/15/31 *(a)(h)* | 125000 | 124920 |
| **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** |
| 4.60%, 11/15/30 *(a)* | 230000 | 232682 |
| 4.70%, 03/15/33 *(a)(h)* | 150000 | 150635 |
| 5.50%, 06/15/34 *(a)* | 125000 | 130621 |
| **Equinix, Inc.** | **Equinix, Inc.** | **Equinix, Inc.** |
| 1.80%, 07/15/27 *(a)* | 100000 | 97161 |
| 1.55%, 03/15/28 *(a)* | 150000 | 142977 |
| 2.00%, 05/15/28 *(a)* | 75000 | 71895 |
| 3.20%, 11/18/29 *(a)* | 200000 | 193356 |
| 2.15%, 07/15/30 *(a)* | 200000 | 183144 |
| 2.50%, 05/15/31 *(a)* | 200000 | 182678 |
| 3.90%, 04/15/32 *(a)* | 200000 | 193794 |
| 3.00%, 07/15/50 *(a)* | 100000 | 64762 |
| 2.95%, 09/15/51 *(a)* | 95000 | 60437 |
| 3.40%, 02/15/52 *(a)* | 100000 | 69270 |
| **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** |
| 2.90%, 03/01/27 *(a)* | 100000 | 98654 |
| 3.45%, 03/01/32 *(a)* | 100000 | 91634 |
| **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** |
| 1.65%, 03/01/28 *(a)* | 150000 | 143166 |
| 2.25%, 03/01/31 *(a)* | 200000 | 180266 |
| 5.10%, 07/15/32 *(a)* | 150000 | 152601 |
| 3.10%, 03/01/41 *(a)* | 100000 | 74024 |
| 4.50%, 08/15/46 *(a)* | 75000 | 63538 |
| **Fiserv, Inc.** | **Fiserv, Inc.** | **Fiserv, Inc.** |
| 5.15%, 03/15/27 *(a)* | 150000 | 151469 |
| 2.25%, 06/01/27 *(a)* | 200000 | 195402 |
| 5.45%, 03/02/28 *(a)* | 150000 | 153498 |
| 5.38%, 08/21/28 *(a)* | 150000 | 153788 |
| 4.20%, 10/01/28 *(a)* | 150000 | 150063 |
| 3.50%, 07/01/29 *(a)* | 525000 | 510253 |
| 4.75%, 03/15/30 *(a)* | 150000 | 151230 |
| 2.65%, 06/01/30 *(a)* | 225000 | 208939 |
| 4.55%, 02/15/31 *(a)* | 150000 | 149622 |
| 5.35%, 03/15/31 *(a)* | 75000 | 77284 |
| 5.60%, 03/02/33 *(a)* | 175000 | 181053 |
| 5.63%, 08/21/33 *(a)* | 250000 | 259010 |
| 5.45%, 03/15/34 *(a)* | 150000 | 152975 |
| 5.15%, 08/12/34 *(a)* | 150000 | 149606 |
| 5.25%, 08/11/35 *(a)* | 225000 | 225171 |
| 4.40%, 07/01/49 *(a)* | 375000 | 297229 |
| **Flex Ltd.** | **Flex Ltd.** | **Flex Ltd.** |
| 6.00%, 01/15/28 *(a)* | 100000 | 103332 |
| 4.88%, 06/15/29 *(a)* | 100000 | 101888 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.88%, 05/12/30 *(a)* | 100000 | 101867 |
| 5.25%, 01/15/32 *(a)* | 100000 | 102658 |
| 5.38%, 11/13/35 *(a)* | 110000 | 111224 |
| **Fortinet, Inc.** | **Fortinet, Inc.** | **Fortinet, Inc.** |
| 2.20%, 03/15/31 *(a)* | 100000 | 90698 |
| **Gartner, Inc.** | **Gartner, Inc.** | **Gartner, Inc.** |
| 4.95%, 03/20/31 *(a)* | 60000 | 59203 |
| 5.60%, 11/20/35 *(a)* | 80000 | 76655 |
| **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** |
| 6.00%, 06/04/29 *(a)* | 50000 | 51935 |
| **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** |
| 4.95%, 11/18/30 *(a)* | 60000 | 59340 |
| **Global Payments, Inc.** | **Global Payments, Inc.** | **Global Payments, Inc.** |
| 4.45%, 06/01/28 *(a)* | 100000 | 100280 |
| 4.50%, 11/15/28 *(a)* | 320000 | 321181 |
| 3.20%, 08/15/29 *(a)* | 250000 | 239850 |
| 5.30%, 08/15/29 *(a)* | 100000 | 102816 |
| 2.90%, 05/15/30 *(a)* | 225000 | 209639 |
| 4.88%, 11/15/30 *(a)* | 310000 | 309724 |
| 2.90%, 11/15/31 *(a)* | 150000 | 135153 |
| 5.40%, 08/15/32 *(a)* | 150000 | 152783 |
| 5.20%, 11/15/32 *(a)* | 180000 | 180902 |
| 5.55%, 11/15/35 *(a)* | 320000 | 318403 |
| 4.15%, 08/15/49 *(a)* | 100000 | 74634 |
| 5.95%, 08/15/52 *(a)* | 150000 | 143040 |
| **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** |
| 4.05%, 09/15/27  | 160000 | 160302 |
| 4.40%, 09/25/27 *(a)* | 200000 | 201220 |
| 5.25%, 07/01/28 *(a)* | 100000 | 102678 |
| 4.15%, 09/15/28 *(a)* | 150000 | 150357 |
| 4.55%, 10/15/29 *(a)* | 300000 | 303678 |
| 4.40%, 10/15/30 *(a)* | 150000 | 150246 |
| 4.85%, 10/15/31 *(a)* | 250000 | 253662 |
| 5.00%, 10/15/34 *(a)* | 350000 | 346297 |
| 6.20%, 10/15/35 *(a)* | 150000 | 162642 |
| 6.35%, 10/15/45 *(a)* | 262000 | 269493 |
| 5.60%, 10/15/54 *(a)* | 275000 | 253250 |
| **HP, Inc.** | **HP, Inc.** | **HP, Inc.** |
| 3.00%, 06/17/27 *(a)* | 200000 | 197530 |
| 4.75%, 01/15/28 *(a)* | 150000 | 151877 |
| 4.00%, 04/15/29 *(a)* | 200000 | 198820 |
| 5.40%, 04/25/30 *(a)* | 100000 | 103735 |
| 3.40%, 06/17/30 *(a)* | 75000 | 72144 |
| 2.65%, 06/17/31 *(a)* | 200000 | 181220 |
| 4.20%, 04/15/32 *(a)* | 150000 | 145703 |
| 5.50%, 01/15/33 *(a)* | 150000 | 154142 |
| 6.10%, 04/25/35 *(a)* | 100000 | 106943 |
| 6.00%, 09/15/41  | 225000 | 225637 |
| **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** |
| 4.60%, 02/05/29 *(a)* | 100000 | 101880 |
| 4.75%, 02/05/31 *(a)* | 150000 | 152849 |
| 4.90%, 02/05/34 *(a)* | 200000 | 202560 |
| 5.25%, 02/05/44 *(a)* | 200000 | 192644 |
| 5.30%, 02/05/54 *(a)* | 250000 | 233025 |
| **Intel Corp.** | **Intel Corp.** | **Intel Corp.** |
| 3.75%, 03/25/27 *(a)* | 225000 | 224626 |
| 3.15%, 05/11/27 *(a)* | 150000 | 148563 |
| 3.75%, 08/05/27 *(a)* | 250000 | 249210 |
| 4.88%, 02/10/28 *(a)* | 300000 | 304764 |
| 1.60%, 08/12/28 *(a)* | 200000 | 189148 |
| 4.00%, 08/05/29 *(a)* | 200000 | 199534 |
| 2.45%, 11/15/29 *(a)* | 350000 | 330043 |
| 5.13%, 02/10/30 *(a)* | 250000 | 257962 |
| 3.90%, 03/25/30 *(a)* | 300000 | 296625 |
| 5.00%, 02/21/31 *(a)* | 100000 | 102944 |
| 2.00%, 08/12/31 *(a)* | 200000 | 177372 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**63**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.15%, 08/05/32 *(a)* | 250000 | 244615 |
| 4.00%, 12/15/32  | 150000 | 145091 |
| 5.20%, 02/10/33 *(a)* | 400000 | 412436 |
| 5.15%, 02/21/34 *(a)* | 150000 | 153228 |
| 4.60%, 03/25/40 *(a)* | 150000 | 136341 |
| 2.80%, 08/12/41 *(a)* | 150000 | 107064 |
| 4.80%, 10/01/41  | 170000 | 153935 |
| 4.25%, 12/15/42  | 100000 | 83007 |
| 5.63%, 02/10/43 *(a)* | 200000 | 196244 |
| 4.90%, 07/29/45 *(a)* | 175000 | 153832 |
| 4.10%, 05/19/46 *(a)* | 250000 | 194587 |
| 4.10%, 05/11/47 *(a)* | 175000 | 135298 |
| 3.73%, 12/08/47 *(a)* | 350000 | 253750 |
| 3.25%, 11/15/49 *(a)* | 400000 | 262364 |
| 4.75%, 03/25/50 *(a)* | 400000 | 333756 |
| 3.05%, 08/12/51 *(a)* | 250000 | 157477 |
| 4.90%, 08/05/52 *(a)* | 375000 | 316882 |
| 5.70%, 02/10/53 *(a)* | 350000 | 332419 |
| 5.60%, 02/21/54 *(a)* | 200000 | 188846 |
| 3.10%, 02/15/60 *(a)* | 160000 | 91653 |
| 4.95%, 03/25/60 *(a)* | 175000 | 145353 |
| 3.20%, 08/12/61 *(a)* | 175000 | 101738 |
| 5.05%, 08/05/62 *(a)* | 150000 | 125046 |
| 5.90%, 02/10/63 *(a)* | 250000 | 240545 |
| **International Business Machines Corp.** | **International Business Machines Corp.** | **International Business Machines Corp.** |
| 1.70%, 05/15/27 *(a)* | 200000 | 195054 |
| 4.15%, 07/27/27 *(a)* | 150000 | 150876 |
| 6.22%, 08/01/27  | 130000 | 134401 |
| 4.50%, 02/06/28 *(a)* | 200000 | 202576 |
| 4.65%, 02/10/28 *(a)* | 175000 | 177663 |
| 4.00%, 02/03/29 *(a)* | 100000 | 100377 |
| 3.50%, 05/15/29  | 600000 | 591402 |
| 4.80%, 02/10/30 *(a)* | 175000 | 179335 |
| 1.95%, 05/15/30 *(a)* | 200000 | 183490 |
| 4.30%, 02/03/31 *(a)* | 100000 | 100599 |
| 2.72%, 02/09/32 *(a)* | 100000 | 91755 |
| 5.00%, 02/10/32 *(a)* | 175000 | 180243 |
| 4.40%, 07/27/32 *(a)* | 100000 | 100098 |
| 5.88%, 11/29/32  | 100000 | 108421 |
| 4.60%, 02/03/33 *(a)* | 100000 | 100795 |
| 4.75%, 02/06/33 *(a)* | 150000 | 152841 |
| 5.20%, 02/10/35 *(a)* | 175000 | 180686 |
| 4.95%, 02/03/36 *(a)* | 400000 | 399328 |
| 4.15%, 05/15/39  | 350000 | 313960 |
| 5.60%, 11/30/39  | 150000 | 156076 |
| 2.85%, 05/15/40 *(a)* | 100000 | 75835 |
| 4.00%, 06/20/42  | 200000 | 168804 |
| 4.70%, 02/19/46  | 150000 | 133695 |
| 4.25%, 05/15/49  | 600000 | 486432 |
| 2.95%, 05/15/50 *(a)* | 200000 | 129346 |
| 3.43%, 02/09/52 *(a)* | 150000 | 103473 |
| 4.90%, 07/27/52 *(a)* | 150000 | 132750 |
| 5.10%, 02/06/53 *(a)* | 150000 | 136583 |
| 5.70%, 02/10/55 *(a)* | 175000 | 172487 |
| 5.80%, 02/03/56 *(a)* | 150000 | 150357 |
| 7.13%, 12/01/96  | 75000 | 88133 |
| **Intuit, Inc.** | **Intuit, Inc.** | **Intuit, Inc.** |
| 1.35%, 07/15/27 *(a)* | 150000 | 145245 |
| 5.13%, 09/15/28 *(a)* | 150000 | 154422 |
| 1.65%, 07/15/30 *(a)* | 100000 | 90308 |
| 5.20%, 09/15/33 *(a)* | 200000 | 207000 |
| 5.50%, 09/15/53 *(a)* | 225000 | 213106 |
| **Jabil, Inc.** | **Jabil, Inc.** | **Jabil, Inc.** |
| 4.25%, 05/15/27 *(a)* | 125000 | 125469 |
| 3.95%, 01/12/28 *(a)* | 100000 | 99821 |
| 4.20%, 02/01/29 *(a)* | 100000 | 100179 |
| 3.60%, 01/15/30 *(a)* | 100000 | 97362 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.00%, 01/15/31 *(a)* | 200000 | 187614 |
| 4.75%, 02/01/33 *(a)* | 100000 | 99686 |
| **Juniper Networks, Inc.** | **Juniper Networks, Inc.** | **Juniper Networks, Inc.** |
| 3.75%, 08/15/29 *(a)* | 100000 | 98334 |
| 2.00%, 12/10/30 *(a)* | 75000 | 67394 |
| 5.95%, 03/15/41  | 100000 | 102256 |
| **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** |
| 4.60%, 04/06/27 *(a)* | 150000 | 150854 |
| 3.00%, 10/30/29 *(a)* | 100000 | 96622 |
| 5.35%, 07/30/30 *(a)* | 150000 | 157233 |
| 4.95%, 10/15/34 *(a)* | 100000 | 102058 |
| **KLA Corp.** | **KLA Corp.** | **KLA Corp.** |
| 4.10%, 03/15/29 *(a)* | 100000 | 100589 |
| 4.65%, 07/15/32 *(a)* | 200000 | 205058 |
| 4.70%, 02/01/34 *(a)* | 100000 | 101514 |
| 5.00%, 03/15/49 *(a)* | 75000 | 70306 |
| 3.30%, 03/01/50 *(a)* | 150000 | 106739 |
| 4.95%, 07/15/52 *(a)* | 275000 | 255021 |
| 5.25%, 07/15/62 *(a)* | 150000 | 141852 |
| **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** |
| 2.70%, 10/15/28 *(a)* | 75000 | 69097 |
| 3.15%, 10/15/31 *(a)* | 150000 | 127134 |
| 6.35%, 02/20/34 *(a)* | 100000 | 95566 |
| 4.10%, 10/15/41 *(a)* | 100000 | 71789 |
| **Lam Research Corp.** | **Lam Research Corp.** | **Lam Research Corp.** |
| 4.00%, 03/15/29 *(a)* | 150000 | 150698 |
| 1.90%, 06/15/30 *(a)* | 200000 | 183700 |
| 4.88%, 03/15/49 *(a)* | 150000 | 140031 |
| 2.88%, 06/15/50 *(a)* | 150000 | 99048 |
| 3.13%, 06/15/60 *(a)* | 75000 | 47674 |
| **Leidos, Inc.** | **Leidos, Inc.** | **Leidos, Inc.** |
| 4.10%, 03/15/29 *(a)* | 100000 | 100259 |
| 4.38%, 05/15/30 *(a)* | 150000 | 150542 |
| 2.30%, 02/15/31 *(a)* | 200000 | 181698 |
| 5.40%, 03/15/32 *(a)* | 75000 | 78257 |
| 5.75%, 03/15/33 *(a)* | 100000 | 106412 |
| 5.50%, 03/15/35 *(a)* | 100000 | 104358 |
| 5.00%, 03/15/36 *(a)* | 150000 | 149696 |
| **Marvell Technology, Inc.** | **Marvell Technology, Inc.** | **Marvell Technology, Inc.** |
| 2.45%, 04/15/28 *(a)* | 100000 | 96825 |
| 4.88%, 06/22/28 *(a)* | 100000 | 101881 |
| 5.75%, 02/15/29 *(a)* | 100000 | 104489 |
| 4.75%, 07/15/30 *(a)* | 100000 | 101976 |
| 2.95%, 04/15/31 *(a)* | 100000 | 93501 |
| 5.95%, 09/15/33 *(a)* | 100000 | 107441 |
| 5.45%, 07/15/35 *(a)* | 100000 | 103930 |
| **Mastercard, Inc.** | **Mastercard, Inc.** | **Mastercard, Inc.** |
| 3.30%, 03/26/27 *(a)* | 150000 | 149465 |
| 4.10%, 01/15/28 *(a)* | 150000 | 151287 |
| 3.50%, 02/26/28 *(a)* | 100000 | 99950 |
| 4.88%, 03/09/28 *(a)* | 150000 | 153408 |
| 4.55%, 03/15/28 *(a)* | 75000 | 76274 |
| 2.95%, 06/01/29 *(a)* | 150000 | 146219 |
| 3.35%, 03/26/30 *(a)* | 300000 | 294846 |
| 1.90%, 03/15/31 *(a)* | 75000 | 68111 |
| 2.00%, 11/18/31 *(a)* | 100000 | 90054 |
| 4.35%, 01/15/32 *(a)* | 200000 | 202830 |
| 4.95%, 03/15/32 *(a)* | 95000 | 99329 |
| 4.85%, 03/09/33 *(a)* | 150000 | 155253 |
| 4.88%, 05/09/34 *(a)* | 175000 | 180533 |
| 4.55%, 01/15/35 *(a)* | 225000 | 226521 |
| 3.80%, 11/21/46 *(a)* | 100000 | 81278 |
| 3.95%, 02/26/48 *(a)* | 100000 | 81681 |
| 3.65%, 06/01/49 *(a)* | 175000 | 134915 |
| 3.85%, 03/26/50 *(a)* | 275000 | 218036 |
| 2.95%, 03/15/51 *(a)* | 150000 | 100055 |

---

*See financial notes*

**64**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Microchip Technology, Inc.** | **Microchip Technology, Inc.** | **Microchip Technology, Inc.** |
| 4.90%, 03/15/28  | 175000 | 177919 |
| 5.05%, 03/15/29 *(a)* | 150000 | 154068 |
| 5.05%, 02/15/30 *(a)* | 175000 | 179737 |
| **Micron Technology, Inc.** | **Micron Technology, Inc.** | **Micron Technology, Inc.** |
| 5.30%, 01/15/31 *(a)* | 150000 | 157606 |
| 2.70%, 04/15/32 *(a)* | 200000 | 182862 |
| 5.65%, 11/01/32 *(a)* | 75000 | 79970 |
| 5.88%, 02/09/33 *(a)* | 150000 | 161485 |
| 5.88%, 09/15/33 *(a)* | 200000 | 215088 |
| 5.80%, 01/15/35 *(a)* | 200000 | 214276 |
| 6.05%, 11/01/35 *(a)* | 200000 | 217474 |
| 3.37%, 11/01/41 *(a)* | 100000 | 79618 |
| 3.48%, 11/01/51 *(a)* | 100000 | 73417 |
| **Microsoft Corp.** | **Microsoft Corp.** | **Microsoft Corp.** |
| 3.40%, 06/15/27 *(a)* | 75000 | 74883 |
| 1.35%, 09/15/30 *(a)* | 100000 | 90402 |
| 3.50%, 02/12/35 *(a)* | 350000 | 331772 |
| 4.20%, 11/03/35 *(a)* | 150000 | 151100 |
| 3.45%, 08/08/36 *(a)* | 300000 | 277173 |
| 4.10%, 02/06/37 *(a)* | 150000 | 146816 |
| 5.20%, 06/01/39  | 150000 | 159246 |
| 4.50%, 10/01/40  | 100000 | 98868 |
| 5.30%, 02/08/41  | 150000 | 157249 |
| 3.50%, 11/15/42  | 75000 | 62812 |
| 3.75%, 02/12/45 *(a)* | 100000 | 83728 |
| 4.45%, 11/03/45 *(a)* | 175000 | 162428 |
| 3.70%, 08/08/46 *(a)* | 299000 | 243987 |
| 4.25%, 02/06/47 *(a)* | 200000 | 177644 |
| 4.50%, 06/15/47 *(a)* | 100000 | 91523 |
| 2.53%, 06/01/50 *(a)* | 1150000 | 715507 |
| 2.50%, 09/15/50 *(a)* | 250000 | 154815 |
| 2.92%, 03/17/52 *(a)* | 1225000 | 816732 |
| 4.00%, 02/12/55 *(a)* | 100000 | 81022 |
| 3.95%, 08/08/56 *(a)* | 75000 | 59750 |
| 4.50%, 02/06/57 *(a)* | 150000 | 134957 |
| 2.68%, 06/01/60 *(a)* | 679000 | 394390 |
| 3.04%, 03/17/62 *(a)* | 345000 | 216898 |
| **Moody's Corp.** | **Moody's Corp.** | **Moody's Corp.** |
| 3.25%, 01/15/28 *(a)* | 100000 | 98876 |
| 4.25%, 02/01/29 *(a)* | 75000 | 75801 |
| 2.00%, 08/19/31 *(a)* | 200000 | 179610 |
| 5.00%, 08/05/34 *(a)* | 100000 | 103016 |
| 2.75%, 08/19/41 *(a)* | 100000 | 73685 |
| 5.25%, 07/15/44  | 100000 | 98238 |
| 4.88%, 12/17/48 *(a)* | 100000 | 90012 |
| 3.25%, 05/20/50 *(a)* | 100000 | 69568 |
| 3.75%, 02/25/52 *(a)* | 50000 | 37936 |
| 3.10%, 11/29/61 *(a)* | 100000 | 62130 |
| **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** |
| 4.60%, 02/23/28 *(a)* | 150000 | 151689 |
| 5.00%, 04/15/29 *(a)* | 50000 | 51419 |
| 4.60%, 05/23/29 *(a)* | 150000 | 152337 |
| 4.85%, 08/15/30 *(a)* | 110000 | 113004 |
| 2.30%, 11/15/30 *(a)* | 175000 | 161021 |
| 2.75%, 05/24/31 *(a)* | 150000 | 139214 |
| 5.60%, 06/01/32 *(a)* | 100000 | 106298 |
| 5.20%, 08/15/32 *(a)* | 90000 | 93929 |
| 5.40%, 04/15/34 *(a)* | 200000 | 209020 |
| 5.55%, 08/15/35 *(a)* | 170000 | 178984 |
| 5.50%, 09/01/44  | 50000 | 49773 |
| **MSCI, Inc.** | **MSCI, Inc.** | **MSCI, Inc.** |
| 5.25%, 09/01/35 *(a)* | 250000 | 250275 |
| 5.15%, 03/15/36 *(a)* | 90000 | 89165 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **NetApp, Inc.** | **NetApp, Inc.** | **NetApp, Inc.** |
| 2.38%, 06/22/27 *(a)* | 150000 | 146979 |
| 2.70%, 06/22/30 *(a)* | 100000 | 93846 |
| 5.50%, 03/17/32 *(a)* | 100000 | 104273 |
| 5.70%, 03/17/35 *(a)* | 100000 | 104266 |
| **Nokia OYJ** | **Nokia OYJ** | **Nokia OYJ** |
| 4.38%, 06/12/27  | 100000 | 100007 |
| 6.63%, 05/15/39  | 100000 | 108380 |
| **NVIDIA Corp.** | **NVIDIA Corp.** | **NVIDIA Corp.** |
| 1.55%, 06/15/28 *(a)* | 300000 | 286443 |
| 2.85%, 04/01/30 *(a)* | 250000 | 240542 |
| 2.00%, 06/15/31 *(a)* | 225000 | 204925 |
| 3.50%, 04/01/40 *(a)* | 200000 | 172654 |
| 3.50%, 04/01/50 *(a)* | 375000 | 286267 |
| 3.70%, 04/01/60 *(a)* | 75000 | 56364 |
| **NXP BV/NXP Funding LLC** | **NXP BV/NXP Funding LLC** | **NXP BV/NXP Funding LLC** |
| 5.55%, 12/01/28 *(a)* | 100000 | 103549 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** |
| 3.15%, 05/01/27 *(a)* | 100000 | 99119 |
| 4.40%, 06/01/27 *(a)* | 100000 | 100532 |
| 4.30%, 08/19/28 *(a)* | 100000 | 100664 |
| 4.30%, 06/18/29 *(a)* | 150000 | 150942 |
| 3.40%, 05/01/30 *(a)* | 200000 | 193832 |
| 2.50%, 05/11/31 *(a)* | 200000 | 183222 |
| 2.65%, 02/15/32 *(a)* | 200000 | 180678 |
| 4.85%, 08/19/32 *(a)* | 60000 | 60961 |
| 5.00%, 01/15/33 *(a)* | 150000 | 153320 |
| 5.25%, 08/19/35 *(a)* | 150000 | 153305 |
| 3.25%, 05/11/41 *(a)* | 175000 | 134965 |
| 3.13%, 02/15/42 *(a)* | 100000 | 74571 |
| 3.25%, 11/30/51 *(a)* | 100000 | 67283 |
| **Oracle Corp.** | **Oracle Corp.** | **Oracle Corp.** |
| 2.80%, 04/01/27 *(a)* | 400000 | 394056 |
| 3.25%, 11/15/27 *(a)* | 500000 | 491210 |
| 2.30%, 03/25/28 *(a)* | 350000 | 335576 |
| 4.50%, 05/06/28 *(a)* | 175000 | 175983 |
| 4.80%, 08/03/28 *(a)* | 300000 | 303396 |
| 4.55%, 02/04/29 *(a)* | 500000 | 500865 |
| 4.20%, 09/27/29 *(a)* | 300000 | 296436 |
| 6.15%, 11/09/29 *(a)* | 250000 | 262030 |
| 2.95%, 04/01/30 *(a)* | 600000 | 558384 |
| 4.65%, 05/06/30 *(a)* | 150000 | 149793 |
| 3.25%, 05/15/30 *(a)* | 100000 | 94041 |
| 4.45%, 09/26/30 *(a)* | 530000 | 519596 |
| 4.95%, 02/04/31 *(a)* | 1000000 | 998110 |
| 2.88%, 03/25/31 *(a)* | 600000 | 545580 |
| 5.25%, 02/03/32 *(a)* | 275000 | 276083 |
| 4.80%, 09/26/32 *(a)* | 530000 | 518160 |
| 6.25%, 11/09/32 *(a)* | 400000 | 422756 |
| 4.90%, 02/06/33 *(a)* | 325000 | 317808 |
| 5.35%, 05/04/33 *(a)* | 500000 | 502320 |
| 4.30%, 07/08/34 *(a)* | 300000 | 274689 |
| 4.70%, 09/27/34 *(a)* | 300000 | 282000 |
| 3.90%, 05/15/35 *(a)* | 250000 | 219342 |
| 5.50%, 08/03/35 *(a)* | 350000 | 346304 |
| 5.20%, 09/26/35 *(a)* | 760000 | 734844 |
| 5.70%, 02/04/36 *(a)* | 750000 | 750630 |
| 3.85%, 07/15/36 *(a)* | 200000 | 170696 |
| 3.80%, 11/15/37 *(a)* | 325000 | 267657 |
| 6.50%, 04/15/38  | 225000 | 233426 |
| 6.13%, 07/08/39  | 250000 | 247710 |
| 3.60%, 04/01/40 *(a)* | 550000 | 413616 |
| 5.38%, 07/15/40  | 400000 | 366128 |
| 3.65%, 03/25/41 *(a)* | 400000 | 297776 |
| 4.50%, 07/08/44 *(a)* | 205000 | 158301 |
| 4.13%, 05/15/45 *(a)* | 350000 | 253151 |
| 5.88%, 09/26/45 *(a)* | 590000 | 534221 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**65**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.55%, 02/04/46 *(a)* | 750000 | 732082 |
| 4.00%, 07/15/46 *(a)* | 545000 | 380884 |
| 4.00%, 11/15/47 *(a)* | 400000 | 275900 |
| 3.60%, 04/01/50 *(a)* | 825000 | 516367 |
| 3.95%, 03/25/51 *(a)* | 600000 | 396900 |
| 6.90%, 11/09/52 *(a)* | 450000 | 445005 |
| 5.55%, 02/06/53 *(a)* | 400000 | 334092 |
| 5.38%, 09/27/54 *(a)* | 330000 | 266920 |
| 4.38%, 05/15/55 *(a)* | 225000 | 155763 |
| 6.00%, 08/03/55 *(a)* | 375000 | 330821 |
| 5.95%, 09/26/55 *(a)* | 695000 | 611788 |
| 6.70%, 02/04/56 *(a)* | 750000 | 727522 |
| 3.85%, 04/01/60 *(a)* | 650000 | 395954 |
| 4.10%, 03/25/61 *(a)* | 275000 | 177295 |
| 5.50%, 09/27/64 *(a)* | 225000 | 178837 |
| 6.13%, 08/03/65 *(a)* | 175000 | 151937 |
| 6.10%, 09/26/65 *(a)* | 400000 | 346716 |
| 6.85%, 02/04/66 *(a)* | 500000 | 479860 |
| **Paychex, Inc.** | **Paychex, Inc.** | **Paychex, Inc.** |
| 5.10%, 04/15/30 *(a)* | 250000 | 255447 |
| 5.35%, 04/15/32 *(a)* | 300000 | 307854 |
| 5.60%, 04/15/35 *(a)* | 200000 | 205060 |
| **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** |
| 3.90%, 06/01/27 *(a)* | 100000 | 100124 |
| 4.45%, 03/06/28 *(a)* | 100000 | 101176 |
| 2.85%, 10/01/29 *(a)* | 300000 | 289350 |
| 2.30%, 06/01/30 *(a)* | 200000 | 186894 |
| 4.40%, 06/01/32 *(a)* | 200000 | 200532 |
| 5.15%, 06/01/34 *(a)* | 150000 | 152865 |
| 5.10%, 04/01/35 *(a)* | 100000 | 101118 |
| 3.25%, 06/01/50 *(a)* | 150000 | 104954 |
| 5.05%, 06/01/52 *(a)* | 175000 | 157124 |
| 5.50%, 06/01/54 *(a)* | 75000 | 71528 |
| 5.25%, 06/01/62 *(a)* | 125000 | 114568 |
| **Qorvo, Inc.** | **Qorvo, Inc.** | **Qorvo, Inc.** |
| 4.38%, 10/15/29 *(a)* | 200000 | 197096 |
| **QUALCOMM, Inc.** | **QUALCOMM, Inc.** | **QUALCOMM, Inc.** |
| 3.25%, 05/20/27 *(a)* | 350000 | 348334 |
| 1.30%, 05/20/28 *(a)* | 117000 | 111092 |
| 2.15%, 05/20/30 *(a)* | 200000 | 186344 |
| 4.50%, 05/20/30 *(a)* | 100000 | 102009 |
| 1.65%, 05/20/32 *(a)* | 208000 | 179883 |
| 4.25%, 05/20/32 *(a)* | 100000 | 100783 |
| 4.75%, 05/20/32 *(a)* | 100000 | 102853 |
| 5.40%, 05/20/33 *(a)* | 150000 | 159867 |
| 4.65%, 05/20/35 *(a)* | 175000 | 177065 |
| 5.00%, 05/20/35 *(a)* | 100000 | 102385 |
| 4.80%, 05/20/45 *(a)* | 300000 | 276966 |
| 4.30%, 05/20/47 *(a)* | 250000 | 212372 |
| 3.25%, 05/20/50 *(a)* | 175000 | 122292 |
| 4.50%, 05/20/52 *(a)* | 200000 | 169764 |
| 6.00%, 05/20/53 *(a)* | 225000 | 238124 |
| **RELX Capital, Inc.** | **RELX Capital, Inc.** | **RELX Capital, Inc.** |
| 4.00%, 03/18/29 *(a)* | 150000 | 149894 |
| 4.75%, 03/27/30 *(a)* | 150000 | 153089 |
| 3.00%, 05/22/30 *(a)* | 175000 | 167172 |
| 4.75%, 05/20/32 *(a)* | 100000 | 101950 |
| 5.25%, 03/27/35 *(a)* | 100000 | 102979 |
| **Roper Technologies, Inc.** | **Roper Technologies, Inc.** | **Roper Technologies, Inc.** |
| 1.40%, 09/15/27 *(a)* | 150000 | 144357 |
| 4.20%, 09/15/28 *(a)* | 150000 | 150363 |
| 4.25%, 09/15/28 *(a)* | 100000 | 100429 |
| 2.95%, 09/15/29 *(a)* | 100000 | 95866 |
| 4.50%, 10/15/29 *(a)* | 100000 | 101355 |
| 2.00%, 06/30/30 *(a)* | 100000 | 90823 |
| 4.45%, 09/15/30 *(a)* | 100000 | 100530 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.75%, 02/15/31 *(a)* | 200000 | 175768 |
| 4.75%, 02/15/32 *(a)* | 100000 | 101009 |
| 4.90%, 10/15/34 *(a)* | 200000 | 198514 |
| 5.10%, 09/15/35 *(a)* | 200000 | 199654 |
| **S&P Global, Inc.** | **S&P Global, Inc.** | **S&P Global, Inc.** |
| 2.45%, 03/01/27 *(a)* | 200000 | 197316 |
| 4.75%, 08/01/28 *(a)* | 150000 | 153215 |
| 2.70%, 03/01/29 *(a)* | 250000 | 241722 |
| 4.25%, 05/01/29 *(a)* | 175000 | 176592 |
| 2.50%, 12/01/29 *(a)* | 100000 | 95086 |
| 1.25%, 08/15/30 *(a)* | 50000 | 44339 |
| 4.25%, 01/15/31 *(a)(e)* | 100000 | 100391 |
| 2.90%, 03/01/32 *(a)* | 300000 | 279228 |
| 5.25%, 09/15/33 *(a)* | 150000 | 158322 |
| 4.80%, 12/04/35 *(a)(e)* | 100000 | 100231 |
| 3.25%, 12/01/49 *(a)* | 100000 | 71096 |
| 3.70%, 03/01/52 *(a)* | 200000 | 152234 |
| 2.30%, 08/15/60 *(a)* | 100000 | 51553 |
| 3.90%, 03/01/62 *(a)* | 100000 | 75625 |
| **Salesforce, Inc.** | **Salesforce, Inc.** | **Salesforce, Inc.** |
| 3.70%, 04/11/28 *(a)* | 300000 | 299340 |
| 1.50%, 07/15/28 *(a)* | 150000 | 142155 |
| 1.95%, 07/15/31 *(a)* | 300000 | 266904 |
| 2.70%, 07/15/41 *(a)* | 250000 | 177825 |
| 2.90%, 07/15/51 *(a)* | 350000 | 214949 |
| 3.05%, 07/15/61 *(a)* | 250000 | 146128 |
| **ServiceNow, Inc.** | **ServiceNow, Inc.** | **ServiceNow, Inc.** |
| 1.40%, 09/01/30 *(a)* | 300000 | 265896 |
| **Skyworks Solutions, Inc.** | **Skyworks Solutions, Inc.** | **Skyworks Solutions, Inc.** |
| 3.00%, 06/01/31 *(a)* | 100000 | 91108 |
| **Synopsys, Inc.** | **Synopsys, Inc.** | **Synopsys, Inc.** |
| 4.55%, 04/01/27  | 175000 | 176346 |
| 4.65%, 04/01/28 *(a)* | 175000 | 177275 |
| 4.85%, 04/01/30 *(a)* | 350000 | 358529 |
| 5.00%, 04/01/32 *(a)* | 275000 | 283671 |
| 5.15%, 04/01/35 *(a)* | 450000 | 459724 |
| 5.70%, 04/01/55 *(a)* | 400000 | 400040 |
| **TD SYNNEX Corp.** | **TD SYNNEX Corp.** | **TD SYNNEX Corp.** |
| 2.38%, 08/09/28 *(a)* | 100000 | 95829 |
| 4.30%, 01/17/29 *(a)* | 100000 | 100122 |
| 2.65%, 08/09/31 *(a)* | 100000 | 90791 |
| 6.10%, 04/12/34 *(a)* | 100000 | 106029 |
| 5.30%, 10/10/35 *(a)* | 100000 | 99505 |
| **Teledyne FLIR LLC** | **Teledyne FLIR LLC** | **Teledyne FLIR LLC** |
| 2.50%, 08/01/30 *(a)* | 150000 | 140601 |
| **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** |
| 2.25%, 04/01/28 *(a)* | 200000 | 193516 |
| 2.75%, 04/01/31 *(a)* | 150000 | 140295 |
| **Tencent Music Entertainment Group** | **Tencent Music Entertainment Group** | **Tencent Music Entertainment Group** |
| 2.00%, 09/03/30 *(a)* | 200000 | 183876 |
| **Texas Instruments, Inc.** | **Texas Instruments, Inc.** | **Texas Instruments, Inc.** |
| 2.90%, 11/03/27 *(a)* | 75000 | 74231 |
| 4.60%, 02/15/28 *(a)* | 150000 | 152559 |
| 4.60%, 02/08/29 *(a)* | 125000 | 128106 |
| 2.25%, 09/04/29 *(a)* | 100000 | 95136 |
| 1.75%, 05/04/30 *(a)* | 100000 | 91925 |
| 4.50%, 05/23/30 *(a)* | 100000 | 102098 |
| 1.90%, 09/15/31 *(a)* | 100000 | 89843 |
| 3.65%, 08/16/32 *(a)* | 100000 | 97203 |
| 4.90%, 03/14/33 *(a)* | 200000 | 207800 |
| 4.85%, 02/08/34 *(a)* | 100000 | 103259 |
| 5.10%, 05/23/35 *(a)* | 100000 | 104211 |
| 3.88%, 03/15/39 *(a)* | 150000 | 135717 |
| 4.15%, 05/15/48 *(a)* | 300000 | 252204 |
| 2.70%, 09/15/51 *(a)* | 100000 | 62570 |
| 4.10%, 08/16/52 *(a)* | 75000 | 60845 |

---

*See financial notes*

**66**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.00%, 03/14/53 *(a)* | 100000 | 93655 |
| 5.15%, 02/08/54 *(a)* | 150000 | 144633 |
| 5.05%, 05/18/63 *(a)* | 275000 | 251575 |
| **TR Finance LLC** | **TR Finance LLC** | **TR Finance LLC** |
| 5.50%, 08/15/35  | 100000 | 104175 |
| 5.85%, 04/15/40  | 100000 | 102209 |
| 5.65%, 11/23/43 *(a)* | 75000 | 75119 |
| **Trimble, Inc.** | **Trimble, Inc.** | **Trimble, Inc.** |
| 4.90%, 06/15/28 *(a)* | 100000 | 101038 |
| 6.10%, 03/15/33 *(a)* | 150000 | 160206 |
| **TSMC Arizona Corp.** | **TSMC Arizona Corp.** | **TSMC Arizona Corp.** |
| 3.88%, 04/22/27 *(a)* | 200000 | 200108 |
| 2.50%, 10/25/31 *(a)* | 250000 | 231390 |
| 4.25%, 04/22/32 *(a)* | 200000 | 202886 |
| 3.13%, 10/25/41 *(a)* | 250000 | 211382 |
| 3.25%, 10/25/51 *(a)* | 200000 | 157560 |
| 4.50%, 04/22/52 *(a)* | 200000 | 194644 |
| **VeriSign, Inc.** | **VeriSign, Inc.** | **VeriSign, Inc.** |
| 4.75%, 07/15/27 *(a)* | 150000 | 150117 |
| 2.70%, 06/15/31 *(a)* | 100000 | 91130 |
| 5.25%, 06/01/32 *(a)* | 100000 | 102360 |
| **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** |
| 4.13%, 03/15/29 *(a)* | 150000 | 150500 |
| 5.75%, 04/01/33 *(a)* | 100000 | 106001 |
| 5.25%, 06/05/34 *(a)* | 100000 | 101868 |
| 5.25%, 03/15/35 *(a)* | 125000 | 127088 |
| 5.50%, 06/15/45 *(a)* | 50000 | 48505 |
| 3.63%, 05/15/50 *(a)* | 100000 | 73113 |
| **Visa, Inc.** | **Visa, Inc.** | **Visa, Inc.** |
| 1.90%, 04/15/27 *(a)* | 300000 | 294288 |
| 0.75%, 08/15/27 *(a)* | 150000 | 144149 |
| 2.75%, 09/15/27 *(a)* | 150000 | 148098 |
| 3.80%, 02/12/29 *(a)* | 375000 | 377040 |
| 2.05%, 04/15/30 *(a)* | 300000 | 280476 |
| 4.10%, 02/12/31 *(a)* | 150000 | 151790 |
| 1.10%, 02/15/31 *(a)* | 200000 | 175916 |
| 4.40%, 02/12/33 *(a)* | 100000 | 101154 |
| 4.15%, 12/14/35 *(a)* | 180000 | 176294 |
| 2.70%, 04/15/40 *(a)* | 150000 | 117237 |
| 4.30%, 12/14/45 *(a)* | 670000 | 591215 |
| 3.65%, 09/15/47 *(a)* | 150000 | 118917 |
| 2.00%, 08/15/50 *(a)* | 300000 | 165405 |
| **VMware LLC** | **VMware LLC** | **VMware LLC** |
| 1.80%, 08/15/28 *(a)* | 200000 | 190226 |
| 4.70%, 05/15/30 *(a)* | 150000 | 153276 |
| 2.20%, 08/15/31 *(a)* | 250000 | 224002 |
| **Western Union Co.** | **Western Union Co.** | **Western Union Co.** |
| 2.75%, 03/15/31 *(a)* | 75000 | 68483 |
| 6.20%, 11/17/36  | 100000 | 104048 |
| **Workday, Inc.** | **Workday, Inc.** | **Workday, Inc.** |
| 3.50%, 04/01/27 *(a)* | 200000 | 199014 |
| 3.70%, 04/01/29 *(a)* | 150000 | 147534 |
| 3.80%, 04/01/32 *(a)* | 225000 | 213777 |
| **Xilinx, Inc.** | **Xilinx, Inc.** | **Xilinx, Inc.** |
| 2.38%, 06/01/30 *(a)* | 200000 | 187660 |
|  |  | **141730744** |
| ***Transportation 0.5%***  | ***Transportation 0.5%***  | ***Transportation 0.5%***  |
| **American Airlines 2012-1 Class AA Pass-Through Trust** | **American Airlines 2012-1 Class AA Pass-Through Trust** | **American Airlines 2012-1 Class AA Pass-Through Trust** |
| 2.88%, 01/11/36  | 121848 | 111830 |
| **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** |
| 3.38%, 05/01/27  | 47409 | 46856 |
| **American Airlines 2015-2 Class AA Pass-Through Trust** | **American Airlines 2015-2 Class AA Pass-Through Trust** | **American Airlines 2015-2 Class AA Pass-Through Trust** |
| 3.60%, 03/22/29  | 109983 | 108993 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** |
| 3.58%, 07/15/29  | 109640 | 108265 |
| **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** |
| 3.20%, 12/15/29  | 113978 | 111667 |
| **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** |
| 3.65%, 08/15/30  | 85125 | 84121 |
| **American Airlines 2019-1 Class AA Pass-Through Trust** | **American Airlines 2019-1 Class AA Pass-Through Trust** | **American Airlines 2019-1 Class AA Pass-Through Trust** |
| 3.15%, 08/15/33  | 80931 | 76937 |
| **American Airlines Pass-Through Trust** | **American Airlines Pass-Through Trust** | **American Airlines Pass-Through Trust** |
| 3.00%, 04/15/30  | 57368 | 55771 |
| 4.90%, 11/11/39  | 150000 | 150853 |
| **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** |
| 3.25%, 06/15/27 *(a)* | 100000 | 99544 |
| 6.20%, 08/15/36  | 50000 | 56001 |
| 6.15%, 05/01/37  | 100000 | 112268 |
| 5.75%, 05/01/40 *(a)* | 150000 | 160531 |
| 5.05%, 03/01/41 *(a)* | 100000 | 100138 |
| 5.40%, 06/01/41 *(a)* | 100000 | 103274 |
| 4.95%, 09/15/41 *(a)* | 100000 | 98792 |
| 4.40%, 03/15/42 *(a)* | 100000 | 91106 |
| 4.38%, 09/01/42 *(a)* | 150000 | 135353 |
| 4.45%, 03/15/43 *(a)* | 200000 | 180724 |
| 5.15%, 09/01/43 *(a)* | 100000 | 98493 |
| 4.90%, 04/01/44 *(a)* | 175000 | 166978 |
| 4.55%, 09/01/44 *(a)* | 165000 | 149310 |
| 4.15%, 04/01/45 *(a)* | 175000 | 149558 |
| 4.70%, 09/01/45 *(a)* | 100000 | 92287 |
| 3.90%, 08/01/46 *(a)* | 100000 | 81840 |
| 4.13%, 06/15/47 *(a)* | 100000 | 84143 |
| 4.05%, 06/15/48 *(a)* | 150000 | 123612 |
| 4.15%, 12/15/48 *(a)* | 200000 | 167186 |
| 3.55%, 02/15/50 *(a)* | 150000 | 112094 |
| 3.05%, 02/15/51 *(a)* | 100000 | 67510 |
| 3.30%, 09/15/51 *(a)* | 150000 | 105705 |
| 2.88%, 06/15/52 *(a)* | 150000 | 96279 |
| 4.45%, 01/15/53 *(a)* | 200000 | 171522 |
| 5.20%, 04/15/54 *(a)* | 300000 | 287169 |
| 5.50%, 03/15/55 *(a)* | 275000 | 274653 |
| 5.55%, 03/15/56 *(a)* | 175000 | 175885 |
| 5.80%, 03/15/56 *(a)* | 170000 | 177322 |
| **Canadian National Railway Co.** | **Canadian National Railway Co.** | **Canadian National Railway Co.** |
| 6.90%, 07/15/28  | 150000 | 160383 |
| 4.20%, 03/12/31 *(a)* | 50000 | 50354 |
| 3.85%, 08/05/32 *(a)* | 150000 | 146977 |
| 5.85%, 11/01/33 *(a)* | 100000 | 109195 |
| 4.38%, 09/18/34 *(a)* | 150000 | 149362 |
| 4.75%, 11/12/35 *(a)* | 70000 | 71086 |
| 6.20%, 06/01/36  | 75000 | 84003 |
| 6.38%, 11/15/37  | 50000 | 56841 |
| 3.20%, 08/02/46 *(a)* | 150000 | 111140 |
| 3.65%, 02/03/48 *(a)* | 100000 | 77845 |
| 4.45%, 01/20/49 *(a)* | 150000 | 131214 |
| 2.45%, 05/01/50 *(a)* | 200000 | 121990 |
| 4.40%, 08/05/52 *(a)* | 100000 | 86794 |
| 6.13%, 11/01/53 *(a)* | 50000 | 54511 |
| **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** |
| 4.00%, 06/01/28 *(a)* | 100000 | 100291 |
| 2.88%, 11/15/29 *(a)* | 100000 | 96554 |
| 2.05%, 03/05/30 *(a)* | 100000 | 92878 |
| 4.80%, 03/30/30 *(a)* | 250000 | 257425 |
| 7.13%, 10/15/31  | 75000 | 85683 |
| 2.45%, 12/02/31 *(a)* | 300000 | 273183 |
| 5.20%, 03/30/35 *(a)* | 100000 | 104769 |
| 4.80%, 09/15/35 *(a)* | 50000 | 50816 |
| 5.95%, 05/15/37  | 100000 | 109939 |
| 3.00%, 12/02/41 *(a)* | 200000 | 153316 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**67**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.30%, 05/15/43 *(a)* | 100000 | 88894 |
| 4.80%, 08/01/45 *(a)* | 100000 | 94647 |
| 4.95%, 08/15/45 *(a)* | 100000 | 95509 |
| 4.70%, 05/01/48 *(a)* | 75000 | 68186 |
| 3.50%, 05/01/50 *(a)* | 100000 | 74061 |
| 3.10%, 12/02/51 *(a)* | 275000 | 187830 |
| 4.20%, 11/15/69 *(a)* | 100000 | 76907 |
| 6.13%, 09/15/15 *(a)* | 150000 | 155713 |
| **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** |
| 4.20%, 04/15/28 *(a)* | 125000 | 125370 |
| **CSX Corp.** | **CSX Corp.** | **CSX Corp.** |
| 3.25%, 06/01/27 *(a)* | 150000 | 149073 |
| 3.80%, 03/01/28 *(a)* | 200000 | 200192 |
| 4.25%, 03/15/29 *(a)* | 150000 | 151963 |
| 2.40%, 02/15/30 *(a)* | 100000 | 94435 |
| 4.10%, 11/15/32 *(a)* | 150000 | 149571 |
| 5.20%, 11/15/33 *(a)* | 150000 | 157882 |
| 5.05%, 06/15/35 *(a)* | 150000 | 154732 |
| 6.00%, 10/01/36  | 75000 | 82379 |
| 6.15%, 05/01/37  | 150000 | 166786 |
| 6.22%, 04/30/40  | 100000 | 111409 |
| 5.50%, 04/15/41 *(a)* | 100000 | 104096 |
| 4.75%, 05/30/42 *(a)* | 150000 | 141862 |
| 4.10%, 03/15/44 *(a)* | 200000 | 172370 |
| 3.80%, 11/01/46 *(a)* | 100000 | 80154 |
| 4.30%, 03/01/48 *(a)* | 100000 | 85378 |
| 4.75%, 11/15/48 *(a)* | 100000 | 90477 |
| 4.50%, 03/15/49 *(a)* | 150000 | 130917 |
| 3.35%, 09/15/49 *(a)* | 100000 | 72148 |
| 3.80%, 04/15/50 *(a)* | 100000 | 77874 |
| 3.95%, 05/01/50 *(a)* | 100000 | 79546 |
| 2.50%, 05/15/51 *(a)* | 100000 | 61215 |
| 4.50%, 11/15/52 *(a)* | 175000 | 151793 |
| 4.50%, 08/01/54 *(a)* | 100000 | 86062 |
| 4.90%, 03/15/55 *(a)* | 100000 | 91709 |
| 4.25%, 11/01/66 *(a)* | 100000 | 78659 |
| 4.65%, 03/01/68 *(a)* | 125000 | 105450 |
| **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** |
| 2.00%, 12/10/29  | 134227 | 129703 |
| **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** |
| 4.38%, 04/19/28 *(a)* | 75000 | 75340 |
| 4.95%, 07/10/28 *(a)* | 180000 | 183017 |
| 3.75%, 10/28/29 *(a)* | 75000 | 73722 |
| 5.25%, 07/10/30 *(a)* | 180000 | 185668 |
| **Federal Express Corp. Pass-Through Trusts** | **Federal Express Corp. Pass-Through Trusts** | **Federal Express Corp. Pass-Through Trusts** |
| 1.88%, 08/20/35  | 176475 | 155563 |
| **FedEx Corp.** | **FedEx Corp.** | **FedEx Corp.** |
| 3.40%, 02/15/28 *(a)* | 100000 | 99134 |
| 3.10%, 08/05/29 *(a)* | 200000 | 194673 |
| 4.25%, 05/15/30 *(a)* | 100000 | 100900 |
| 2.40%, 05/15/31 *(a)* | 225000 | 207077 |
| 4.90%, 01/15/34  | 75000 | 76717 |
| 3.90%, 02/01/35  | 50000 | 47746 |
| 3.25%, 05/15/41 *(a)* | 100000 | 78894 |
| 3.88%, 08/01/42  | 75000 | 62342 |
| 4.10%, 04/15/43  | 100000 | 84499 |
| 5.10%, 01/15/44  | 75000 | 71409 |
| 4.10%, 02/01/45  | 75000 | 62072 |
| 4.75%, 11/15/45 *(a)* | 175000 | 156831 |
| 4.55%, 04/01/46 *(a)* | 225000 | 196072 |
| 4.40%, 01/15/47 *(a)* | 100000 | 84741 |
| 4.05%, 02/15/48 *(a)* | 150000 | 120239 |
| 4.95%, 10/17/48 *(a)* | 150000 | 137109 |
| 5.25%, 05/15/50 *(a)* | 225000 | 215685 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** |
| 4.30%, 03/15/29 *(a)(e)* | 200000 | 200492 |
| 4.65%, 03/15/31 *(a)(e)* | 200000 | 201140 |
| 4.95%, 03/15/33 *(a)(e)* | 200000 | 199956 |
| 5.25%, 03/15/36 *(a)(e)* | 200000 | 199416 |
| **GXO Logistics, Inc.** | **GXO Logistics, Inc.** | **GXO Logistics, Inc.** |
| 6.25%, 05/06/29 *(a)* | 100000 | 105709 |
| 2.65%, 07/15/31 *(a)* | 100000 | 91515 |
| 6.50%, 05/06/34 *(a)* | 75000 | 81777 |
| **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** |
| 4.90%, 03/15/30 *(a)* | 150000 | 154260 |
| **JetBlue 2019-1 Class AA Pass-Through Trust** | **JetBlue 2019-1 Class AA Pass-Through Trust** | **JetBlue 2019-1 Class AA Pass-Through Trust** |
| 2.75%, 11/15/33  | 71956 | 64832 |
| **JetBlue 2020-1 Class A Pass-Through Trust** | **JetBlue 2020-1 Class A Pass-Through Trust** | **JetBlue 2020-1 Class A Pass-Through Trust** |
| 4.00%, 05/15/34  | 67282 | 64490 |
| **Kirby Corp.** | **Kirby Corp.** | **Kirby Corp.** |
| 4.20%, 03/01/28 *(a)* | 100000 | 100345 |
| **Norfolk Southern Corp.** | **Norfolk Southern Corp.** | **Norfolk Southern Corp.** |
| 7.80%, 05/15/27  | 75000 | 78536 |
| 3.15%, 06/01/27 *(a)* | 50000 | 49603 |
| 3.80%, 08/01/28 *(a)* | 150000 | 149941 |
| 2.55%, 11/01/29 *(a)* | 100000 | 95357 |
| 5.05%, 08/01/30 *(a)* | 100000 | 104031 |
| 2.30%, 05/15/31 *(a)* | 75000 | 68532 |
| 3.00%, 03/15/32 *(a)* | 100000 | 93473 |
| 4.45%, 03/01/33 *(a)* | 100000 | 100743 |
| 5.55%, 03/15/34 *(a)* | 75000 | 79834 |
| 5.10%, 05/01/35 *(a)* | 75000 | 77514 |
| 4.84%, 10/01/41  | 100000 | 95955 |
| 3.95%, 10/01/42 *(a)* | 130000 | 110435 |
| 4.45%, 06/15/45 *(a)* | 150000 | 132150 |
| 4.65%, 01/15/46 *(a)* | 150000 | 134691 |
| 3.94%, 11/01/47 *(a)* | 125000 | 100339 |
| 4.15%, 02/28/48 *(a)* | 100000 | 82750 |
| 4.10%, 05/15/49 *(a)* | 50000 | 40580 |
| 3.40%, 11/01/49 *(a)* | 100000 | 72287 |
| 3.05%, 05/15/50 *(a)* | 100000 | 67137 |
| 2.90%, 08/25/51 *(a)* | 100000 | 64205 |
| 4.05%, 08/15/52 *(a)* | 150000 | 118742 |
| 3.70%, 03/15/53 *(a)* | 75000 | 55573 |
| 4.55%, 06/01/53 *(a)* | 150000 | 128574 |
| 5.35%, 08/01/54 *(a)* | 200000 | 193942 |
| 3.16%, 05/15/55 *(a)* | 125000 | 82203 |
| 5.95%, 03/15/64 *(a)* | 100000 | 103568 |
| 5.10%, 08/01/18 *(a)* | 50000 | 44097 |
| 4.10%, 05/15/21 *(a)* | 100000 | 70129 |
| **Ryder System, Inc.** | **Ryder System, Inc.** | **Ryder System, Inc.** |
| 2.85%, 03/01/27 *(a)* | 100000 | 99046 |
| 5.30%, 03/15/27 *(a)* | 75000 | 76012 |
| 5.65%, 03/01/28 *(a)* | 100000 | 103121 |
| 5.25%, 06/01/28 *(a)* | 100000 | 102777 |
| 6.30%, 12/01/28 *(a)* | 100000 | 105888 |
| 5.38%, 03/15/29 *(a)* | 100000 | 103769 |
| 5.50%, 06/01/29 *(a)* | 75000 | 78220 |
| 4.95%, 09/01/29 *(a)* | 75000 | 76967 |
| 4.90%, 12/01/29 *(a)* | 75000 | 77089 |
| 5.00%, 03/15/30 *(a)* | 75000 | 77266 |
| 6.60%, 12/01/33 *(a)* | 100000 | 112806 |
| **Southwest Airlines Co.** | **Southwest Airlines Co.** | **Southwest Airlines Co.** |
| 5.13%, 06/15/27 *(a)* | 300000 | 303510 |
| 3.45%, 11/16/27 *(a)* | 75000 | 74324 |
| 4.38%, 11/15/28 *(a)* | 150000 | 151167 |
| 2.63%, 02/10/30 *(a)* | 75000 | 70361 |
| 5.25%, 11/15/35 *(a)* | 150000 | 148903 |

---

*See financial notes*

**68**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Triton Container International Ltd./TAL International Container Corp.** | **Triton Container International Ltd./TAL International Container Corp.** | **Triton Container International Ltd./TAL International Container Corp.** |
| 3.25%, 03/15/32 *(a)* | 100000 | 92675 |
| 5.15%, 02/15/33 *(a)* | 100000 | 100076 |
| **Union Pacific Corp.** | **Union Pacific Corp.** | **Union Pacific Corp.** |
| 3.00%, 04/15/27 *(a)* | 100000 | 99310 |
| 3.95%, 09/10/28 *(a)* | 250000 | 251217 |
| 6.63%, 02/01/29  | 75000 | 81166 |
| 3.70%, 03/01/29 *(a)* | 150000 | 149638 |
| 2.40%, 02/05/30 *(a)* | 200000 | 189236 |
| 2.38%, 05/20/31 *(a)* | 200000 | 184974 |
| 2.80%, 02/14/32 *(a)* | 250000 | 232780 |
| 4.50%, 01/20/33 *(a)* | 200000 | 204078 |
| 3.38%, 02/01/35 *(a)* | 75000 | 68795 |
| 5.10%, 02/20/35 *(a)* | 175000 | 182618 |
| 2.89%, 04/06/36 *(a)* | 150000 | 129081 |
| 3.60%, 09/15/37 *(a)* | 100000 | 90445 |
| 3.55%, 08/15/39 *(a)* | 100000 | 87064 |
| 3.20%, 05/20/41 *(a)* | 200000 | 160448 |
| 3.38%, 02/14/42 *(a)* | 75000 | 60344 |
| 4.05%, 11/15/45 *(a)* | 75000 | 62898 |
| 4.05%, 03/01/46 *(a)* | 100000 | 83218 |
| 3.35%, 08/15/46 *(a)* | 75000 | 55805 |
| 4.00%, 04/15/47 *(a)* | 75000 | 61596 |
| 4.50%, 09/10/48 *(a)* | 100000 | 87987 |
| 4.30%, 03/01/49 *(a)* | 100000 | 85041 |
| 3.25%, 02/05/50 *(a)* | 325000 | 228904 |
| 3.80%, 10/01/51 *(a)* | 200000 | 154026 |
| 2.95%, 03/10/52 *(a)* | 150000 | 97536 |
| 4.95%, 09/09/52 *(a)* | 75000 | 69943 |
| 3.50%, 02/14/53 *(a)* | 250000 | 180745 |
| 4.95%, 05/15/53 *(a)* | 100000 | 92622 |
| 5.60%, 12/01/54 *(a)* | 175000 | 177214 |
| 3.88%, 02/01/55 *(a)* | 50000 | 38401 |
| 3.95%, 08/15/59 *(a)* | 100000 | 76146 |
| 3.84%, 03/20/60 *(a)* | 350000 | 258440 |
| 3.55%, 05/20/61 *(a)* | 100000 | 69138 |
| 2.97%, 09/16/62 *(a)* | 150000 | 90111 |
| 5.15%, 01/20/63 *(a)* | 100000 | 93131 |
| 4.10%, 09/15/67 *(a)* | 100000 | 75414 |
| 3.75%, 02/05/70 *(a)* | 125000 | 86883 |
| 3.80%, 04/06/71 *(a)* | 225000 | 158056 |
| 3.85%, 02/14/72 *(a)* | 100000 | 70841 |
| **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** |
| 3.10%, 01/07/30  | 82724 | 80854 |
| **United Airlines 2016-2 Class AA Pass-Through Trust** | **United Airlines 2016-2 Class AA Pass-Through Trust** | **United Airlines 2016-2 Class AA Pass-Through Trust** |
| 2.88%, 04/07/30  | 60221 | 58397 |
| **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** |
| 3.50%, 09/01/31  | 97589 | 95778 |
| **United Airlines 2019-1 Class AA Pass-Through Trust** | **United Airlines 2019-1 Class AA Pass-Through Trust** | **United Airlines 2019-1 Class AA Pass-Through Trust** |
| 4.15%, 02/25/33  | 61133 | 60466 |
| **United Airlines 2019-2 Class AA Pass-Through Trust** | **United Airlines 2019-2 Class AA Pass-Through Trust** | **United Airlines 2019-2 Class AA Pass-Through Trust** |
| 2.70%, 11/01/33  | 73136 | 68213 |
| **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** |
| 5.88%, 04/15/29  | 162803 | 166802 |
| **United Airlines 2023-1 Class A Pass-Through Trust** | **United Airlines 2023-1 Class A Pass-Through Trust** | **United Airlines 2023-1 Class A Pass-Through Trust** |
| 5.80%, 07/15/37  | 273188 | 289468 |
| **United Airlines Pass-Through Trust** | **United Airlines Pass-Through Trust** | **United Airlines Pass-Through Trust** |
| 5.45%, 08/15/38  | 140962 | 146734 |
| 5.88%, 08/15/38  | 70481 | 72594 |
| **United Parcel Service, Inc.** | **United Parcel Service, Inc.** | **United Parcel Service, Inc.** |
| 3.05%, 11/15/27 *(a)* | 250000 | 247800 |
| 3.40%, 03/15/29 *(a)* | 100000 | 99142 |
| 2.50%, 09/01/29 *(a)* | 75000 | 71957 |
| 4.45%, 04/01/30 *(a)* | 150000 | 153580 |
| 4.65%, 10/15/30 *(a)* | 100000 | 103368 |
| 4.88%, 03/03/33 *(a)* | 150000 | 156546 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.15%, 05/22/34 *(a)* | 150000 | 158098 |
| 5.25%, 05/14/35 *(a)* | 200000 | 210256 |
| 6.20%, 01/15/38  | 295000 | 331904 |
| 5.20%, 04/01/40 *(a)* | 100000 | 102761 |
| 4.88%, 11/15/40 *(a)* | 100000 | 98759 |
| 3.63%, 10/01/42  | 75000 | 61774 |
| 3.40%, 11/15/46 *(a)* | 100000 | 75597 |
| 3.75%, 11/15/47 *(a)* | 225000 | 177248 |
| 4.25%, 03/15/49 *(a)* | 100000 | 83857 |
| 3.40%, 09/01/49 *(a)* | 100000 | 72887 |
| 5.30%, 04/01/50 *(a)* | 225000 | 219487 |
| 5.05%, 03/03/53 *(a)* | 200000 | 185628 |
| 5.50%, 05/22/54 *(a)* | 225000 | 222826 |
| 5.95%, 05/14/55 *(a)* | 275000 | 288736 |
| 5.60%, 05/22/64 *(a)* | 100000 | 98771 |
| 6.05%, 05/14/65 *(a)* | 200000 | 209600 |
|  |  | **29213529** |
|  |  | **813516619** |
| **Utility 2.3%** | **Utility 2.3%** | **Utility 2.3%** |
| ***Electric 2.1%***  | ***Electric 2.1%***  | ***Electric 2.1%***  |
| **AEP Texas, Inc.** | **AEP Texas, Inc.** | **AEP Texas, Inc.** |
| 3.95%, 06/01/28 *(a)* | 100000 | 99976 |
| 5.45%, 05/15/29 *(a)* | 100000 | 104201 |
| 2.10%, 07/01/30 *(a)* | 175000 | 161485 |
| 5.40%, 06/01/33 *(a)* | 100000 | 104152 |
| 5.70%, 05/15/34 *(a)* | 100000 | 105890 |
| 3.80%, 10/01/47 *(a)* | 75000 | 56276 |
| 4.15%, 05/01/49 *(a)* | 100000 | 78624 |
| 3.45%, 01/15/50 *(a)* | 50000 | 35080 |
| 3.45%, 05/15/51 *(a)* | 100000 | 69162 |
| 5.25%, 05/15/52 *(a)* | 100000 | 92562 |
| 5.85%, 10/15/55 *(a)* | 130000 | 129839 |
| **AEP Transmission Co. LLC** | **AEP Transmission Co. LLC** | **AEP Transmission Co. LLC** |
| 5.15%, 04/01/34 *(a)* | 75000 | 77569 |
| 5.38%, 06/15/35 *(a)* | 100000 | 104489 |
| 4.00%, 12/01/46 *(a)* | 50000 | 41167 |
| 3.75%, 12/01/47 *(a)* | 150000 | 117095 |
| 4.25%, 09/15/48 *(a)* | 100000 | 83618 |
| 3.80%, 06/15/49 *(a)* | 100000 | 77475 |
| 3.15%, 09/15/49 *(a)* | 75000 | 51566 |
| 3.65%, 04/01/50 *(a)* | 100000 | 75558 |
| 4.50%, 06/15/52 *(a)* | 100000 | 85920 |
| 5.40%, 03/15/53 *(a)* | 100000 | 97756 |
| **AES Corp.** | **AES Corp.** | **AES Corp.** |
| 5.45%, 06/01/28 *(a)* | 200000 | 204630 |
| 2.45%, 01/15/31 *(a)* | 200000 | 185458 |
| 5.80%, 03/15/32 *(a)* | 150000 | 156481 |
| **Alabama Power Co.** | **Alabama Power Co.** | **Alabama Power Co.** |
| 3.75%, 09/01/27 *(a)* | 100000 | 100147 |
| 1.45%, 09/15/30 *(a)* | 150000 | 134376 |
| 4.30%, 03/15/31 *(a)* | 90000 | 90901 |
| 3.05%, 03/15/32 *(a)* | 150000 | 140859 |
| 3.94%, 09/01/32 *(a)* | 75000 | 73826 |
| 5.85%, 11/15/33 *(a)* | 75000 | 81313 |
| 5.10%, 04/02/35 *(a)* | 100000 | 103669 |
| 6.13%, 05/15/38  | 50000 | 55761 |
| 6.00%, 03/01/39  | 100000 | 109405 |
| 3.85%, 12/01/42  | 75000 | 63158 |
| 4.15%, 08/15/44 *(a)* | 100000 | 85647 |
| 3.75%, 03/01/45 *(a)* | 100000 | 80182 |
| 4.30%, 01/02/46 *(a)* | 50000 | 42920 |
| 3.70%, 12/01/47 *(a)* | 100000 | 77888 |
| 4.30%, 07/15/48 *(a)* | 150000 | 126539 |
| 3.45%, 10/01/49 *(a)* | 100000 | 73071 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**69**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.13%, 07/15/51 *(a)* | 100000 | 67727 |
| 3.00%, 03/15/52 *(a)* | 150000 | 98903 |
| **Alliant Energy Corp.** | **Alliant Energy Corp.** | **Alliant Energy Corp.** |
| 5.75%, 04/01/56 *(a)(b)* | 130000 | 129344 |
| **Ameren Corp.** | **Ameren Corp.** | **Ameren Corp.** |
| 1.95%, 03/15/27 *(a)* | 150000 | 147042 |
| 1.75%, 03/15/28 *(a)* | 50000 | 47859 |
| 5.00%, 01/15/29 *(a)* | 100000 | 102837 |
| 3.50%, 01/15/31 *(a)* | 200000 | 193904 |
| 5.38%, 03/15/35 *(a)* | 150000 | 155032 |
| **Ameren Illinois Co.** | **Ameren Illinois Co.** | **Ameren Illinois Co.** |
| 3.80%, 05/15/28 *(a)* | 75000 | 75049 |
| 3.85%, 09/01/32 *(a)* | 100000 | 97533 |
| 4.95%, 06/01/33 *(a)* | 100000 | 103191 |
| 4.15%, 03/15/46 *(a)* | 150000 | 127046 |
| 3.70%, 12/01/47 *(a)* | 100000 | 77532 |
| 4.50%, 03/15/49 *(a)* | 100000 | 87060 |
| 3.25%, 03/15/50 *(a)* | 75000 | 52530 |
| 2.90%, 06/15/51 *(a)* | 100000 | 65059 |
| 5.90%, 12/01/52 *(a)* | 50000 | 52455 |
| 5.55%, 07/01/54 *(a)* | 100000 | 100169 |
| 5.63%, 03/01/55 *(a)* | 125000 | 126775 |
| **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** |
| 5.75%, 11/01/27 *(a)* | 50000 | 51439 |
| 3.20%, 11/13/27 *(a)* | 150000 | 148360 |
| 4.30%, 12/01/28 *(a)* | 100000 | 100932 |
| 5.20%, 01/15/29 *(a)* | 150000 | 155127 |
| 2.30%, 03/01/30 *(a)* | 100000 | 93376 |
| 5.95%, 11/01/32 *(a)* | 100000 | 108281 |
| 5.63%, 03/01/33 *(a)* | 150000 | 159115 |
| 3.25%, 03/01/50 *(a)* | 75000 | 51438 |
| 6.95%, 12/15/54 *(a)(b)* | 100000 | 108196 |
| 7.05%, 12/15/54 *(a)(b)* | 75000 | 79208 |
| 5.80%, 03/15/56 *(a)(b)* | 265000 | 266609 |
| 6.05%, 03/15/56 *(a)(b)* | 260000 | 261118 |
| **Appalachian Power Co.** | **Appalachian Power Co.** | **Appalachian Power Co.** |
| 3.30%, 06/01/27 *(a)* | 100000 | 99178 |
| 2.70%, 04/01/31 *(a)* | 150000 | 139095 |
| 5.65%, 04/01/34 *(a)* | 100000 | 105593 |
| 7.00%, 04/01/38  | 100000 | 114691 |
| 4.45%, 06/01/45 *(a)* | 75000 | 64056 |
| 4.50%, 03/01/49 *(a)* | 100000 | 84545 |
| 3.70%, 05/01/50 *(a)* | 100000 | 74129 |
| **Arizona Public Service Co.** | **Arizona Public Service Co.** | **Arizona Public Service Co.** |
| 2.60%, 08/15/29 *(a)* | 100000 | 95340 |
| 6.35%, 12/15/32 *(a)* | 100000 | 110031 |
| 5.55%, 08/01/33 *(a)* | 150000 | 157741 |
| 5.70%, 08/15/34 *(a)* | 150000 | 159093 |
| 4.50%, 04/01/42 *(a)* | 150000 | 134911 |
| 4.25%, 03/01/49 *(a)* | 100000 | 81546 |
| 3.35%, 05/15/50 *(a)* | 150000 | 104439 |
| 2.65%, 09/15/50 *(a)* | 150000 | 91146 |
| 5.90%, 08/15/55 *(a)* | 210000 | 216229 |
| **Atlantic City Electric Co.** | **Atlantic City Electric Co.** | **Atlantic City Electric Co.** |
| 4.00%, 10/15/28 *(a)* | 100000 | 100380 |
| 2.30%, 03/15/31 *(a)* | 100000 | 91942 |
| **Avangrid, Inc.** | **Avangrid, Inc.** | **Avangrid, Inc.** |
| 3.80%, 06/01/29 *(a)* | 100000 | 99279 |
| **Avista Corp.** | **Avista Corp.** | **Avista Corp.** |
| 4.35%, 06/01/48 *(a)* | 100000 | 84207 |
| 4.00%, 04/01/52 *(a)* | 75000 | 58597 |
| **Baltimore Gas & Electric Co.** | **Baltimore Gas & Electric Co.** | **Baltimore Gas & Electric Co.** |
| 2.25%, 06/15/31 *(a)* | 100000 | 91399 |
| 5.30%, 06/01/34 *(a)* | 75000 | 78405 |
| 5.45%, 06/01/35 *(a)* | 100000 | 105070 |
| 6.35%, 10/01/36  | 100000 | 112149 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.50%, 08/15/46 *(a)* | 150000 | 113733 |
| 4.25%, 09/15/48 *(a)* | 100000 | 84139 |
| 3.20%, 09/15/49 *(a)* | 75000 | 51827 |
| 4.55%, 06/01/52 *(a)* | 100000 | 86148 |
| 5.40%, 06/01/53 *(a)* | 150000 | 146554 |
| 5.65%, 06/01/54 *(a)* | 75000 | 75774 |
| **Basin Electric Power Cooperative** | **Basin Electric Power Cooperative** | **Basin Electric Power Cooperative** |
| 5.85%, 10/15/55 *(a)(e)* | 125000 | 126124 |
| **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** |
| 3.25%, 04/15/28 *(a)* | 150000 | 148578 |
| 3.70%, 07/15/30 *(a)* | 150000 | 148566 |
| 1.65%, 05/15/31 *(a)* | 75000 | 66389 |
| 6.13%, 04/01/36  | 298000 | 326888 |
| 5.95%, 05/15/37  | 100000 | 109063 |
| 5.15%, 11/15/43 *(a)* | 100000 | 97227 |
| 4.50%, 02/01/45 *(a)* | 150000 | 131382 |
| 3.80%, 07/15/48 *(a)* | 150000 | 115883 |
| 4.45%, 01/15/49 *(a)* | 175000 | 148020 |
| 4.25%, 10/15/50 *(a)* | 175000 | 144342 |
| 2.85%, 05/15/51 *(a)* | 250000 | 157687 |
| 4.60%, 05/01/53 *(a)* | 200000 | 169862 |
| **Black Hills Corp.** | **Black Hills Corp.** | **Black Hills Corp.** |
| 5.95%, 03/15/28 *(a)* | 75000 | 77808 |
| 2.50%, 06/15/30 *(a)* | 50000 | 46599 |
| 4.55%, 01/31/31 *(a)* | 80000 | 80806 |
| 4.35%, 05/01/33 *(a)* | 150000 | 147216 |
| 6.15%, 05/15/34 *(a)* | 75000 | 81575 |
| 6.00%, 01/15/35 *(a)* | 75000 | 80897 |
| 3.88%, 10/15/49 *(a)* | 100000 | 76622 |
| **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** |
| 5.20%, 10/01/28 *(a)* | 100000 | 103345 |
| 4.80%, 03/15/30 *(a)* | 75000 | 77342 |
| 2.35%, 04/01/31 *(a)* | 100000 | 91695 |
| 4.45%, 10/01/32 *(a)* | 150000 | 151264 |
| 4.95%, 04/01/33 *(a)* | 100000 | 102713 |
| 5.15%, 03/01/34 *(a)* | 100000 | 104008 |
| 5.05%, 03/01/35 *(a)* | 100000 | 102365 |
| 4.95%, 08/15/35 *(a)* | 100000 | 101684 |
| 4.85%, 04/01/36 *(a)* | 250000 | 251030 |
| 3.55%, 08/01/42 *(a)* | 250000 | 202825 |
| 4.50%, 04/01/44 *(a)* | 97000 | 86766 |
| 3.95%, 03/01/48 *(a)* | 75000 | 60738 |
| 4.25%, 02/01/49 *(a)* | 75000 | 63527 |
| 2.90%, 07/01/50 *(a)* | 50000 | 32850 |
| 3.35%, 04/01/51 *(a)* | 150000 | 106937 |
| 3.60%, 03/01/52 *(a)* | 100000 | 74792 |
| 4.85%, 10/01/52 *(a)* | 75000 | 68562 |
| 5.30%, 04/01/53 *(a)* | 75000 | 72895 |
| **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** |
| 5.40%, 06/01/29 *(a)* | 150000 | 156054 |
| 2.95%, 03/01/30 *(a)* | 88000 | 84383 |
| 6.85%, 02/15/55 *(a)(b)* | 75000 | 79967 |
| 7.00%, 02/15/55 *(a)(b)* | 75000 | 78952 |
| 6.70%, 05/15/55 *(a)(b)* | 75000 | 77480 |
| 5.95%, 04/01/56 *(a)(b)* | 125000 | 126061 |
| **Cleco Corporate Holdings LLC** | **Cleco Corporate Holdings LLC** | **Cleco Corporate Holdings LLC** |
| 4.97%, 05/01/46 *(a)* | 75000 | 66702 |
| **Cleveland Electric Illuminating Co.** | **Cleveland Electric Illuminating Co.** | **Cleveland Electric Illuminating Co.** |
| 5.95%, 12/15/36  | 75000 | 79799 |
| **CMS Energy Corp.** | **CMS Energy Corp.** | **CMS Energy Corp.** |
| 3.45%, 08/15/27 *(a)* | 100000 | 99303 |
| 4.88%, 03/01/44 *(a)* | 100000 | 91388 |
| 4.75%, 06/01/50 *(a)(b)* | 100000 | 99098 |
| 6.50%, 06/01/55 *(a)(b)* | 175000 | 182738 |

---

*See financial notes*

**70**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Commonwealth Edison Co.** | **Commonwealth Edison Co.** | **Commonwealth Edison Co.** |
| 2.95%, 08/15/27 *(a)* | 150000 | 148423 |
| 2.20%, 03/01/30 *(a)* | 100000 | 93565 |
| 5.30%, 06/01/34 *(a)* | 100000 | 105283 |
| 5.90%, 03/15/36  | 150000 | 163549 |
| 3.80%, 10/01/42 *(a)* | 100000 | 82569 |
| 4.60%, 08/15/43 *(a)* | 100000 | 91155 |
| 4.70%, 01/15/44 *(a)* | 100000 | 91629 |
| 3.70%, 03/01/45 *(a)* | 100000 | 79891 |
| 4.35%, 11/15/45 *(a)* | 100000 | 86995 |
| 3.65%, 06/15/46 *(a)* | 100000 | 78061 |
| 3.75%, 08/15/47 *(a)* | 150000 | 117225 |
| 4.00%, 03/01/48 *(a)* | 150000 | 122000 |
| 4.00%, 03/01/49 *(a)* | 75000 | 60379 |
| 3.20%, 11/15/49 *(a)* | 100000 | 69309 |
| 3.00%, 03/01/50 *(a)* | 150000 | 99977 |
| 3.13%, 03/15/51 *(a)* | 100000 | 67560 |
| 2.75%, 09/01/51 *(a)* | 200000 | 124398 |
| 3.85%, 03/15/52 *(a)* | 75000 | 57191 |
| 5.30%, 02/01/53 *(a)* | 100000 | 95933 |
| 5.65%, 06/01/54 *(a)* | 100000 | 100922 |
| 5.95%, 06/01/55 *(a)* | 100000 | 104531 |
| **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** |
| 4.65%, 01/01/29 *(a)* | 75000 | 76650 |
| 4.95%, 01/15/30 *(a)* | 100000 | 103334 |
| 2.05%, 07/01/31 *(a)* | 100000 | 89881 |
| 4.90%, 07/01/33 *(a)* | 75000 | 76726 |
| 4.95%, 08/15/34 *(a)* | 75000 | 76514 |
| 4.30%, 04/15/44 *(a)* | 75000 | 65556 |
| 4.00%, 04/01/48 *(a)* | 150000 | 121965 |
| 5.25%, 01/15/53 *(a)* | 150000 | 144477 |
| **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** |
| 4.00%, 12/01/28 *(a)* | 50000 | 50345 |
| 3.35%, 04/01/30 *(a)* | 200000 | 195252 |
| 2.40%, 06/15/31 *(a)* | 200000 | 184398 |
| 5.20%, 03/01/33 *(a)* | 100000 | 104878 |
| 5.50%, 03/15/34 *(a)* | 100000 | 106103 |
| 5.38%, 05/15/34 *(a)* | 150000 | 157855 |
| 5.30%, 03/01/35  | 80000 | 83527 |
| 5.13%, 03/15/35 *(a)* | 100000 | 103297 |
| 5.85%, 03/15/36  | 150000 | 162931 |
| 6.30%, 08/15/37  | 100000 | 112221 |
| 6.75%, 04/01/38  | 100000 | 115828 |
| 5.50%, 12/01/39  | 100000 | 104189 |
| 5.70%, 06/15/40  | 75000 | 79289 |
| 4.20%, 03/15/42  | 50000 | 43713 |
| 3.95%, 03/01/43 *(a)* | 100000 | 84419 |
| 4.45%, 03/15/44 *(a)* | 230000 | 203594 |
| 4.50%, 12/01/45 *(a)* | 150000 | 132201 |
| 3.85%, 06/15/46 *(a)* | 100000 | 79816 |
| 3.88%, 06/15/47 *(a)* | 150000 | 118866 |
| 4.65%, 12/01/48 *(a)* | 100000 | 88003 |
| 4.13%, 05/15/49 *(a)* | 100000 | 80727 |
| 3.95%, 04/01/50 *(a)* | 150000 | 118985 |
| 3.20%, 12/01/51 *(a)* | 75000 | 50759 |
| 6.15%, 11/15/52 *(a)* | 150000 | 160000 |
| 5.90%, 11/15/53 *(a)* | 150000 | 155466 |
| 5.70%, 05/15/54 *(a)* | 150000 | 151989 |
| 4.63%, 12/01/54 *(a)* | 100000 | 86025 |
| 5.50%, 03/15/55 *(a)* | 125000 | 122891 |
| 5.75%, 11/15/55 *(a)* | 170000 | 173026 |
| 4.30%, 12/01/56 *(a)* | 150000 | 121439 |
| 4.00%, 11/15/57 *(a)* | 100000 | 75772 |
| 4.50%, 05/15/58 *(a)* | 100000 | 83150 |
| 3.70%, 11/15/59 *(a)* | 100000 | 71080 |
| 3.00%, 12/01/60 *(a)* | 100000 | 59850 |
| 3.60%, 06/15/61 *(a)* | 200000 | 139522 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** |
| 3.90%, 01/08/28  | 150000 | 150096 |
| 5.60%, 03/01/28 *(a)* | 150000 | 154720 |
| 4.40%, 01/15/31 *(a)* | 125000 | 125884 |
| 5.00%, 02/01/31 *(a)(e)* | 200000 | 203086 |
| 3.75%, 03/01/31 *(a)(e)* | 200000 | 194570 |
| 5.80%, 03/01/33 *(a)* | 150000 | 161010 |
| 6.13%, 01/15/34 *(a)* | 100000 | 109414 |
| 6.25%, 10/01/39  | 162000 | 177696 |
| 5.75%, 10/01/41 *(a)* | 100000 | 103757 |
| 5.60%, 06/15/42 *(a)* | 100000 | 101688 |
| 6.50%, 10/01/53 *(a)* | 175000 | 192979 |
| 5.75%, 03/15/54 *(a)* | 150000 | 150838 |
| 5.88%, 01/15/66 *(a)* | 150000 | 149947 |
| **Consumers Energy Co.** | **Consumers Energy Co.** | **Consumers Energy Co.** |
| 4.65%, 03/01/28 *(a)* | 200000 | 203320 |
| 4.90%, 02/15/29 *(a)* | 100000 | 103030 |
| 4.60%, 05/30/29 *(a)* | 100000 | 102280 |
| 4.70%, 01/15/30 *(a)* | 100000 | 102708 |
| 3.60%, 08/15/32 *(a)* | 100000 | 96445 |
| 4.63%, 05/15/33 *(a)* | 125000 | 126779 |
| 5.05%, 05/15/35 *(a)* | 100000 | 103020 |
| 3.95%, 05/15/43 *(a)* | 130000 | 110091 |
| 3.25%, 08/15/46 *(a)* | 50000 | 36944 |
| 3.95%, 07/15/47 *(a)* | 50000 | 40759 |
| 4.05%, 05/15/48 *(a)* | 100000 | 81634 |
| 4.35%, 04/15/49 *(a)* | 100000 | 85746 |
| 3.75%, 02/15/50 *(a)* | 50000 | 38487 |
| 3.10%, 08/15/50 *(a)* | 100000 | 68963 |
| 3.50%, 08/01/51 *(a)* | 200000 | 148140 |
| 4.20%, 09/01/52 *(a)* | 100000 | 82358 |
| 2.50%, 05/01/60 *(a)* | 100000 | 57360 |
| **Dayton Power & Light Co.** | **Dayton Power & Light Co.** | **Dayton Power & Light Co.** |
| 4.55%, 08/15/30 *(a)* | 110000 | 110970 |
| 3.95%, 06/15/49 *(a)* | 100000 | 77238 |
| **Dominion Energy South Carolina, Inc.** | **Dominion Energy South Carolina, Inc.** | **Dominion Energy South Carolina, Inc.** |
| 2.30%, 12/01/31 *(a)* | 75000 | 68075 |
| 6.63%, 02/01/32  | 75000 | 84398 |
| 5.30%, 05/15/33  | 50000 | 52720 |
| 5.30%, 01/15/35 *(a)* | 100000 | 104541 |
| 6.05%, 01/15/38  | 100000 | 110001 |
| 5.45%, 02/01/41 *(a)* | 100000 | 102291 |
| 4.60%, 06/15/43 *(a)* | 75000 | 68876 |
| 6.25%, 10/15/53 *(a)* | 100000 | 109082 |
| 5.10%, 06/01/65 *(a)* | 100000 | 91741 |
| **Dominion Energy, Inc.** | **Dominion Energy, Inc.** | **Dominion Energy, Inc.** |
| 4.60%, 05/15/28 *(a)* | 200000 | 202882 |
| 4.25%, 06/01/28 *(a)* | 150000 | 151044 |
| 3.38%, 04/01/30 *(a)* | 275000 | 267685 |
| 5.00%, 06/15/30 *(a)* | 150000 | 154581 |
| 2.25%, 08/15/31 *(a)* | 100000 | 90338 |
| 4.35%, 08/15/32 *(a)* | 75000 | 74417 |
| 5.38%, 11/15/32 *(a)* | 150000 | 157464 |
| 6.30%, 03/15/33  | 75000 | 82514 |
| 5.25%, 08/01/33  | 80000 | 82913 |
| 5.45%, 03/15/35 *(a)* | 150000 | 155028 |
| 5.95%, 06/15/35  | 100000 | 107351 |
| 7.00%, 06/15/38  | 100000 | 114113 |
| 3.30%, 04/15/41 *(a)* | 100000 | 77099 |
| 4.90%, 08/01/41 *(a)* | 100000 | 94065 |
| 4.05%, 09/15/42 *(a)* | 100000 | 82182 |
| 4.70%, 12/01/44 *(a)* | 50000 | 44651 |
| 4.60%, 03/15/49 *(a)* | 100000 | 84695 |
| 4.85%, 08/15/52 *(a)* | 100000 | 87076 |
| 7.00%, 06/01/54 *(a)(b)* | 150000 | 162991 |
| 6.88%, 02/01/55 *(a)(b)* | 175000 | 183704 |
| 6.63%, 05/15/55 *(a)(b)* | 200000 | 207958 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**71**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.00%, 02/15/56 *(a)(b)* | 250000 | 254042 |
| 6.20%, 02/15/56 *(a)(b)* | 225000 | 228771 |
| **DTE Electric Co.** | **DTE Electric Co.** | **DTE Electric Co.** |
| 4.25%, 05/14/27  | 100000 | 100714 |
| 1.90%, 04/01/28 *(a)* | 100000 | 96414 |
| 2.25%, 03/01/30 *(a)* | 150000 | 140830 |
| 2.63%, 03/01/31 *(a)* | 100000 | 93687 |
| 3.00%, 03/01/32 *(a)* | 75000 | 70336 |
| 5.20%, 04/01/33 *(a)* | 150000 | 156982 |
| 5.20%, 03/01/34 *(a)* | 150000 | 156961 |
| 5.25%, 05/15/35 *(a)* | 100000 | 103849 |
| 4.85%, 03/01/36 *(a)* | 150000 | 151033 |
| 4.30%, 07/01/44 *(a)* | 75000 | 66332 |
| 3.70%, 03/15/45 *(a)* | 250000 | 200445 |
| 3.75%, 08/15/47 *(a)* | 150000 | 118355 |
| 4.05%, 05/15/48 *(a)* | 100000 | 82424 |
| 3.95%, 03/01/49 *(a)* | 150000 | 121284 |
| 2.95%, 03/01/50 *(a)* | 100000 | 67386 |
| 3.65%, 03/01/52 *(a)* | 75000 | 56478 |
| 5.40%, 04/01/53 *(a)* | 150000 | 147960 |
| 5.85%, 05/15/55 *(a)* | 100000 | 104302 |
| 5.55%, 03/01/56 *(a)* | 150000 | 149829 |
| **DTE Energy Co.** | **DTE Energy Co.** | **DTE Energy Co.** |
| 4.95%, 07/01/27 *(a)* | 200000 | 202406 |
| 4.88%, 06/01/28 *(a)* | 150000 | 152920 |
| 5.10%, 03/01/29 *(a)* | 200000 | 205854 |
| 3.40%, 06/15/29 *(a)* | 100000 | 98090 |
| 2.95%, 03/01/30 *(a)* | 100000 | 95453 |
| 5.20%, 04/01/30 *(a)* | 200000 | 207612 |
| 5.85%, 06/01/34 *(a)* | 150000 | 161416 |
| 5.05%, 10/01/35 *(a)* | 100000 | 100919 |
| **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** |
| 3.95%, 11/15/28 *(a)* | 150000 | 150571 |
| 2.45%, 08/15/29 *(a)* | 150000 | 143083 |
| 2.45%, 02/01/30 *(a)* | 100000 | 94527 |
| 4.85%, 03/15/30 *(a)* | 100000 | 103455 |
| 2.55%, 04/15/31 *(a)* | 75000 | 69880 |
| 6.45%, 10/15/32  | 130000 | 145257 |
| 4.95%, 01/15/33 *(a)* | 200000 | 207386 |
| 4.85%, 01/15/34 *(a)* | 100000 | 102134 |
| 5.25%, 03/15/35 *(a)* | 100000 | 104305 |
| 6.10%, 06/01/37  | 100000 | 109329 |
| 6.00%, 01/15/38  | 100000 | 109345 |
| 6.05%, 04/15/38  | 150000 | 164250 |
| 5.30%, 02/15/40  | 150000 | 153277 |
| 4.25%, 12/15/41 *(a)* | 155000 | 138348 |
| 4.00%, 09/30/42 *(a)* | 100000 | 85490 |
| 3.75%, 06/01/45 *(a)* | 150000 | 120155 |
| 3.88%, 03/15/46 *(a)* | 100000 | 80751 |
| 3.70%, 12/01/47 *(a)* | 75000 | 57923 |
| 3.95%, 03/15/48 *(a)* | 100000 | 80482 |
| 3.20%, 08/15/49 *(a)* | 150000 | 105569 |
| 3.45%, 04/15/51 *(a)* | 50000 | 35771 |
| 3.55%, 03/15/52 *(a)* | 100000 | 73456 |
| 5.35%, 01/15/53 *(a)* | 150000 | 146046 |
| 5.40%, 01/15/54 *(a)* | 150000 | 147450 |
| **Duke Energy Corp.** | **Duke Energy Corp.** | **Duke Energy Corp.** |
| 3.15%, 08/15/27 *(a)* | 200000 | 197952 |
| 5.00%, 12/08/27 *(a)* | 100000 | 101948 |
| 4.30%, 03/15/28 *(a)* | 175000 | 176386 |
| 4.85%, 01/05/29 *(a)* | 100000 | 102499 |
| 3.40%, 06/15/29 *(a)* | 50000 | 49172 |
| 2.45%, 06/01/30 *(a)* | 250000 | 234285 |
| 2.55%, 06/15/31 *(a)* | 200000 | 184118 |
| 4.50%, 08/15/32 *(a)* | 200000 | 201726 |
| 5.75%, 09/15/33 *(a)* | 100000 | 106926 |
| 5.45%, 06/15/34 *(a)* | 125000 | 131234 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.95%, 09/15/35 *(a)* | 355000 | 355912 |
| 3.30%, 06/15/41 *(a)* | 100000 | 78101 |
| 4.80%, 12/15/45 *(a)* | 100000 | 89146 |
| 3.75%, 09/01/46 *(a)* | 250000 | 192072 |
| 3.95%, 08/15/47 *(a)* | 100000 | 77897 |
| 4.20%, 06/15/49 *(a)* | 100000 | 79674 |
| 3.50%, 06/15/51 *(a)* | 200000 | 139664 |
| 5.00%, 08/15/52 *(a)* | 200000 | 178262 |
| 6.10%, 09/15/53 *(a)* | 100000 | 103501 |
| 5.80%, 06/15/54 *(a)* | 125000 | 124151 |
| 6.45%, 09/01/54 *(a)(b)* | 175000 | 184515 |
| 5.70%, 09/15/55 *(a)* | 130000 | 127334 |
| **Duke Energy Florida LLC** | **Duke Energy Florida LLC** | **Duke Energy Florida LLC** |
| 3.80%, 07/15/28 *(a)* | 150000 | 150208 |
| 2.50%, 12/01/29 *(a)* | 100000 | 95241 |
| 1.75%, 06/15/30 *(a)* | 150000 | 136687 |
| 4.20%, 12/01/30 *(a)* | 75000 | 75532 |
| 2.40%, 12/15/31 *(a)* | 100000 | 91436 |
| 5.88%, 11/15/33 *(a)* | 100000 | 108627 |
| 4.85%, 12/01/35 *(a)* | 100000 | 100779 |
| 6.35%, 09/15/37  | 150000 | 167782 |
| 6.40%, 06/15/38  | 200000 | 224620 |
| 5.65%, 04/01/40  | 50000 | 52647 |
| 3.85%, 11/15/42 *(a)* | 75000 | 62621 |
| 3.40%, 10/01/46 *(a)* | 75000 | 56058 |
| 4.20%, 07/15/48 *(a)* | 150000 | 124010 |
| 3.00%, 12/15/51 *(a)* | 100000 | 65629 |
| 5.95%, 11/15/52 *(a)* | 50000 | 52546 |
| 6.20%, 11/15/53 *(a)* | 125000 | 135922 |
| **Duke Energy Indiana LLC** | **Duke Energy Indiana LLC** | **Duke Energy Indiana LLC** |
| 5.25%, 03/01/34 *(a)* | 50000 | 52631 |
| 6.12%, 10/15/35  | 100000 | 109662 |
| 6.35%, 08/15/38  | 100000 | 112083 |
| 6.45%, 04/01/39  | 75000 | 84206 |
| 4.90%, 07/15/43 *(a)* | 100000 | 95689 |
| 3.25%, 10/01/49 *(a)* | 150000 | 105615 |
| 2.75%, 04/01/50 *(a)* | 100000 | 63474 |
| 5.40%, 04/01/53 *(a)* | 100000 | 97018 |
| 5.90%, 05/15/55 *(a)* | 100000 | 103459 |
| **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** |
| 3.65%, 02/01/29 *(a)* | 75000 | 74726 |
| 2.13%, 06/01/30 *(a)* | 150000 | 138951 |
| 5.30%, 06/15/35 *(a)* | 60000 | 62524 |
| 4.30%, 02/01/49 *(a)* | 100000 | 83831 |
| 5.65%, 04/01/53 *(a)* | 100000 | 100789 |
| 5.55%, 03/15/54 *(a)* | 75000 | 74642 |
| **Duke Energy Progress LLC** | **Duke Energy Progress LLC** | **Duke Energy Progress LLC** |
| 3.70%, 09/01/28 *(a)* | 100000 | 99913 |
| 3.45%, 03/15/29 *(a)* | 150000 | 148332 |
| 2.00%, 08/15/31 *(a)* | 150000 | 134947 |
| 3.40%, 04/01/32 *(a)* | 75000 | 71834 |
| 5.25%, 03/15/33 *(a)* | 100000 | 104882 |
| 5.10%, 03/15/34 *(a)* | 75000 | 78086 |
| 5.05%, 03/15/35 *(a)* | 150000 | 153969 |
| 6.30%, 04/01/38  | 75000 | 83581 |
| 4.10%, 05/15/42 *(a)* | 100000 | 86740 |
| 4.10%, 03/15/43 *(a)* | 150000 | 129524 |
| 4.38%, 03/30/44 *(a)* | 75000 | 66236 |
| 4.15%, 12/01/44 *(a)* | 78000 | 66591 |
| 4.20%, 08/15/45 *(a)* | 100000 | 84814 |
| 3.70%, 10/15/46 *(a)* | 100000 | 78331 |
| 3.60%, 09/15/47 *(a)* | 75000 | 57304 |
| 2.50%, 08/15/50 *(a)* | 150000 | 90110 |
| 4.00%, 04/01/52 *(a)* | 75000 | 59309 |
| 5.35%, 03/15/53 *(a)* | 150000 | 145209 |
| 5.55%, 03/15/55 *(a)* | 125000 | 125111 |

---

*See financial notes*

**72**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Edison International** | **Edison International** | **Edison International** |
| 5.75%, 06/15/27 *(a)* | 100000 | 101577 |
| 4.13%, 03/15/28 *(a)* | 100000 | 99534 |
| 5.25%, 11/15/28 *(a)* | 100000 | 101941 |
| 5.45%, 06/15/29 *(a)* | 75000 | 77062 |
| 6.95%, 11/15/29 *(a)* | 100000 | 107665 |
| 6.25%, 03/15/30 *(a)* | 100000 | 105721 |
| 4.80%, 03/15/31 *(a)* | 350000 | 349933 |
| 5.25%, 03/15/32 *(a)* | 150000 | 152790 |
| **El Paso Electric Co.** | **El Paso Electric Co.** | **El Paso Electric Co.** |
| 6.00%, 05/15/35  | 44000 | 46731 |
| 5.00%, 12/01/44 *(a)* | 100000 | 91771 |
| **Emera U.S. Finance LP** | **Emera U.S. Finance LP** | **Emera U.S. Finance LP** |
| 4.75%, 06/15/46 *(a)* | 250000 | 216272 |
| **Enel Chile SA** | **Enel Chile SA** | **Enel Chile SA** |
| 4.88%, 06/12/28 *(a)* | 200000 | 203228 |
| **Entergy Arkansas LLC** | **Entergy Arkansas LLC** | **Entergy Arkansas LLC** |
| 4.00%, 06/01/28 *(a)* | 75000 | 75339 |
| 5.15%, 01/15/33 *(a)* | 200000 | 208410 |
| 5.30%, 09/15/33 *(a)* | 75000 | 78804 |
| 5.45%, 06/01/34 *(a)* | 75000 | 79369 |
| 4.95%, 01/15/36 *(a)* | 75000 | 75733 |
| 4.20%, 04/01/49 *(a)* | 150000 | 122934 |
| 2.65%, 06/15/51 *(a)* | 100000 | 60582 |
| 5.75%, 06/01/54 *(a)* | 75000 | 76148 |
| 5.75%, 01/15/56 *(a)* | 75000 | 75752 |
| **Entergy Corp.** | **Entergy Corp.** | **Entergy Corp.** |
| 1.90%, 06/15/28 *(a)* | 150000 | 143367 |
| 2.80%, 06/15/30 *(a)* | 100000 | 94588 |
| 2.40%, 06/15/31 *(a)* | 150000 | 136215 |
| 3.75%, 06/15/50 *(a)* | 50000 | 37035 |
| 7.13%, 12/01/54 *(a)(b)* | 200000 | 209464 |
| 5.88%, 06/15/56 *(a)(b)* | 110000 | 110700 |
| 6.10%, 06/15/56 *(a)(b)* | 130000 | 131195 |
| **Entergy Louisiana LLC** | **Entergy Louisiana LLC** | **Entergy Louisiana LLC** |
| 3.12%, 09/01/27 *(a)* | 75000 | 74411 |
| 3.25%, 04/01/28 *(a)* | 100000 | 99117 |
| 1.60%, 12/15/30 *(a)* | 75000 | 66974 |
| 2.35%, 06/15/32 *(a)* | 100000 | 89560 |
| 4.00%, 03/15/33 *(a)* | 100000 | 97344 |
| 5.35%, 03/15/34 *(a)* | 100000 | 105251 |
| 5.15%, 09/15/34 *(a)* | 100000 | 103397 |
| 4.90%, 04/15/36 *(a)* | 150000 | 150294 |
| 3.10%, 06/15/41 *(a)* | 100000 | 77513 |
| 4.95%, 01/15/45 *(a)* | 75000 | 70031 |
| 4.20%, 09/01/48 *(a)* | 175000 | 143220 |
| 4.20%, 04/01/50 *(a)* | 150000 | 121704 |
| 2.90%, 03/15/51 *(a)* | 150000 | 95961 |
| 4.75%, 09/15/52 *(a)* | 100000 | 88422 |
| 5.70%, 03/15/54 *(a)* | 150000 | 150625 |
| 5.80%, 03/15/55 *(a)* | 100000 | 101843 |
| 5.65%, 04/15/56 *(a)* | 150000 | 148920 |
| **Entergy Mississippi LLC** | **Entergy Mississippi LLC** | **Entergy Mississippi LLC** |
| 2.85%, 06/01/28 *(a)* | 75000 | 73500 |
| 5.00%, 09/01/33 *(a)* | 50000 | 51541 |
| 3.85%, 06/01/49 *(a)* | 100000 | 78050 |
| 3.50%, 06/01/51 *(a)* | 75000 | 54058 |
| 5.85%, 06/01/54 *(a)* | 75000 | 75880 |
| 5.80%, 04/15/55 *(a)* | 100000 | 101778 |
| **Entergy Texas, Inc.** | **Entergy Texas, Inc.** | **Entergy Texas, Inc.** |
| 1.75%, 03/15/31 *(a)* | 150000 | 133829 |
| 5.25%, 04/15/35 *(a)* | 100000 | 103638 |
| 4.50%, 03/30/39 *(a)* | 100000 | 94612 |
| 3.55%, 09/30/49 *(a)* | 100000 | 72834 |
| 5.00%, 09/15/52 *(a)* | 75000 | 67661 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.80%, 09/01/53 *(a)* | 50000 | 51100 |
| 5.55%, 09/15/54 *(a)* | 100000 | 97769 |
| **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** |
| 3.10%, 04/01/27 *(a)* | 200000 | 198522 |
| 5.25%, 03/15/35 *(a)* | 100000 | 102743 |
| 4.13%, 03/01/42 *(a)* | 100000 | 86959 |
| 4.10%, 04/01/43 *(a)* | 75000 | 64520 |
| 4.25%, 12/01/45 *(a)* | 100000 | 85029 |
| 3.25%, 09/01/49 *(a)* | 100000 | 69833 |
| 3.45%, 04/15/50 *(a)* | 50000 | 36342 |
| 5.70%, 03/15/53 *(a)* | 100000 | 101177 |
| **Evergy Metro, Inc.** | **Evergy Metro, Inc.** | **Evergy Metro, Inc.** |
| 2.25%, 06/01/30 *(a)* | 75000 | 69991 |
| 4.95%, 04/15/33 *(a)* | 50000 | 51424 |
| 5.40%, 04/01/34 *(a)* | 75000 | 79424 |
| 5.13%, 08/15/35 *(a)* | 120000 | 122136 |
| 5.30%, 10/01/41 *(a)* | 100000 | 101073 |
| 4.20%, 03/15/48 *(a)* | 100000 | 82776 |
| **Evergy, Inc.** | **Evergy, Inc.** | **Evergy, Inc.** |
| 2.90%, 09/15/29 *(a)* | 150000 | 144225 |
| 6.65%, 06/01/55 *(a)(b)* | 100000 | 103190 |
| **Eversource Energy** | **Eversource Energy** | **Eversource Energy** |
| 2.90%, 03/01/27 *(a)* | 100000 | 98979 |
| 4.60%, 07/01/27 *(a)* | 75000 | 75562 |
| 3.30%, 01/15/28 *(a)* | 100000 | 98778 |
| 5.45%, 03/01/28 *(a)* | 200000 | 205292 |
| 5.95%, 02/01/29 *(a)* | 100000 | 104951 |
| 4.25%, 04/01/29 *(a)* | 150000 | 150643 |
| 1.65%, 08/15/30 *(a)* | 200000 | 178888 |
| 4.45%, 12/15/30 *(a)* | 100000 | 100757 |
| 2.55%, 03/15/31 *(a)* | 100000 | 91834 |
| 5.85%, 04/15/31 *(a)* | 150000 | 159568 |
| 3.38%, 03/01/32 *(a)* | 150000 | 140695 |
| 5.13%, 05/15/33 *(a)* | 150000 | 153313 |
| 5.50%, 01/01/34 *(a)* | 100000 | 103810 |
| 5.95%, 07/15/34 *(a)* | 100000 | 106920 |
| 3.45%, 01/15/50 *(a)* | 150000 | 106731 |
| 6.10%, 08/15/56 *(a)(b)* | 150000 | 150783 |
| **Exelon Corp.** | **Exelon Corp.** | **Exelon Corp.** |
| 2.75%, 03/15/27 *(a)* | 100000 | 98842 |
| 5.15%, 03/15/28 *(a)* | 200000 | 204666 |
| 5.15%, 03/15/29 *(a)* | 125000 | 129190 |
| 4.05%, 04/15/30 *(a)* | 200000 | 199494 |
| 5.13%, 03/15/31 *(a)* | 100000 | 104226 |
| 3.35%, 03/15/32 *(a)* | 100000 | 94582 |
| 5.30%, 03/15/33 *(a)* | 150000 | 157078 |
| 5.45%, 03/15/34 *(a)* | 125000 | 131305 |
| 4.95%, 06/15/35 *(a)(e)* | 80000 | 80211 |
| 5.63%, 06/15/35  | 100000 | 105590 |
| 4.95%, 03/15/36 *(a)* | 150000 | 149212 |
| 5.10%, 06/15/45 *(a)* | 100000 | 93482 |
| 4.45%, 04/15/46 *(a)* | 100000 | 85102 |
| 4.70%, 04/15/50 *(a)* | 175000 | 151090 |
| 4.10%, 03/15/52 *(a)* | 150000 | 117555 |
| 5.60%, 03/15/53 *(a)* | 175000 | 170207 |
| 5.88%, 03/15/55 *(a)* | 75000 | 75335 |
| 6.50%, 03/15/55 *(a)(b)* | 175000 | 183594 |
| **FirstEnergy Corp.** | **FirstEnergy Corp.** | **FirstEnergy Corp.** |
| 3.90%, 07/15/27 *(a)(f)* | 250000 | 250560 |
| 2.65%, 03/01/30 *(a)* | 75000 | 70889 |
| 2.25%, 09/01/30 *(a)* | 75000 | 68913 |
| 4.85%, 07/15/47 *(a)(f)* | 125000 | 111584 |
| 3.40%, 03/01/50 *(a)* | 100000 | 70125 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**73**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** |
| 4.55%, 01/15/30 *(a)* | 100000 | 101490 |
| 4.75%, 01/15/33 *(a)* | 130000 | 131154 |
| 5.00%, 01/15/35 *(a)* | 100000 | 101446 |
| **Florida Power & Light Co.** | **Florida Power & Light Co.** | **Florida Power & Light Co.** |
| 3.30%, 05/30/27 *(a)* | 75000 | 74683 |
| 5.05%, 04/01/28 *(a)* | 175000 | 179476 |
| 4.40%, 05/15/28 *(a)* | 175000 | 177334 |
| 5.15%, 06/15/29 *(a)* | 150000 | 156195 |
| 4.63%, 05/15/30 *(a)* | 100000 | 102553 |
| 2.45%, 02/03/32 *(a)* | 300000 | 273996 |
| 5.10%, 04/01/33 *(a)* | 150000 | 156106 |
| 4.80%, 05/15/33 *(a)* | 150000 | 153940 |
| 5.63%, 04/01/34  | 50000 | 53967 |
| 5.30%, 06/15/34 *(a)* | 225000 | 237280 |
| 5.00%, 08/01/34 *(a)* | 100000 | 103393 |
| 4.95%, 06/01/35  | 75000 | 76849 |
| 4.70%, 02/15/36 *(a)* | 100000 | 100325 |
| 5.65%, 02/01/37  | 100000 | 108193 |
| 5.95%, 02/01/38  | 100000 | 109987 |
| 5.96%, 04/01/39  | 100000 | 109713 |
| 5.69%, 03/01/40  | 75000 | 79433 |
| 5.25%, 02/01/41 *(a)* | 75000 | 76160 |
| 4.13%, 02/01/42 *(a)* | 100000 | 88590 |
| 4.05%, 06/01/42 *(a)* | 100000 | 87501 |
| 3.80%, 12/15/42 *(a)* | 100000 | 83694 |
| 4.05%, 10/01/44 *(a)* | 150000 | 127737 |
| 3.70%, 12/01/47 *(a)* | 100000 | 77965 |
| 3.95%, 03/01/48 *(a)* | 200000 | 162076 |
| 4.13%, 06/01/48 *(a)* | 150000 | 124626 |
| 3.99%, 03/01/49 *(a)* | 100000 | 80871 |
| 3.15%, 10/01/49 *(a)* | 100000 | 70446 |
| 2.88%, 12/04/51 *(a)* | 200000 | 130068 |
| 5.30%, 04/01/53 *(a)* | 175000 | 171157 |
| 5.60%, 06/15/54 *(a)* | 150000 | 152943 |
| 5.70%, 03/15/55 *(a)* | 175000 | 180372 |
| 5.80%, 03/15/65 *(a)* | 150000 | 154596 |
| 5.60%, 02/15/66 *(a)* | 200000 | 198898 |
| **Georgia Power Co.** | **Georgia Power Co.** | **Georgia Power Co.** |
| 3.25%, 03/30/27 *(a)* | 75000 | 74633 |
| 4.65%, 05/16/28 *(a)* | 200000 | 203334 |
| 4.00%, 10/01/28 *(a)* | 130000 | 130724 |
| 2.65%, 09/15/29 *(a)* | 150000 | 143823 |
| 4.55%, 03/15/30 *(a)* | 100000 | 102018 |
| 4.85%, 03/15/31 *(a)* | 100000 | 103322 |
| 4.70%, 05/15/32 *(a)* | 100000 | 102459 |
| 4.95%, 05/17/33 *(a)* | 200000 | 206362 |
| 5.25%, 03/15/34 *(a)* | 150000 | 156640 |
| 5.20%, 03/15/35 *(a)* | 150000 | 155829 |
| 4.75%, 09/01/40  | 75000 | 72428 |
| 4.30%, 03/15/42  | 150000 | 134685 |
| 4.30%, 03/15/43  | 100000 | 88634 |
| 3.70%, 01/30/50 *(a)* | 100000 | 76319 |
| 3.25%, 03/15/51 *(a)* | 100000 | 69782 |
| 5.13%, 05/15/52 *(a)* | 150000 | 141733 |
| 5.50%, 10/01/55 *(a)* | 90000 | 88961 |
| **Iberdrola International BV** | **Iberdrola International BV** | **Iberdrola International BV** |
| 6.75%, 07/15/36  | 100000 | 116235 |
| **Idaho Power Co.** | **Idaho Power Co.** | **Idaho Power Co.** |
| 4.20%, 03/01/48 *(a)* | 150000 | 125486 |
| 5.50%, 03/15/53 *(a)* | 100000 | 99876 |
| 5.80%, 04/01/54 *(a)* | 75000 | 77598 |
| **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** |
| 6.05%, 03/15/37  | 75000 | 82559 |
| 4.55%, 03/15/46 *(a)* | 100000 | 88257 |
| 3.75%, 07/01/47 *(a)* | 100000 | 77664 |
| 4.25%, 08/15/48 *(a)* | 100000 | 82793 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.25%, 05/01/51 *(a)* | 75000 | 51163 |
| 5.63%, 04/01/53 *(a)* | 100000 | 100810 |
| 5.60%, 03/15/56 *(a)* | 125000 | 124669 |
| **Interstate Power & Light Co.** | **Interstate Power & Light Co.** | **Interstate Power & Light Co.** |
| 4.10%, 09/26/28 *(a)* | 100000 | 100414 |
| 3.60%, 04/01/29 *(a)* | 100000 | 99167 |
| 2.30%, 06/01/30 *(a)* | 100000 | 93356 |
| 5.70%, 10/15/33 *(a)* | 75000 | 79885 |
| 4.95%, 09/30/34 *(a)* | 100000 | 101154 |
| 5.60%, 06/29/35 *(a)* | 100000 | 105327 |
| 6.25%, 07/15/39  | 50000 | 54829 |
| 3.70%, 09/15/46 *(a)* | 25000 | 19299 |
| 3.50%, 09/30/49 *(a)* | 100000 | 73580 |
| 3.10%, 11/30/51 *(a)* | 25000 | 16570 |
| 5.45%, 09/30/54 *(a)* | 25000 | 24144 |
| 5.60%, 10/01/55 *(a)* | 50000 | 49298 |
| **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** |
| 5.75%, 04/01/34 *(a)* | 50000 | 51652 |
| **ITC Holdings Corp.** | **ITC Holdings Corp.** | **ITC Holdings Corp.** |
| 5.30%, 07/01/43 *(a)* | 100000 | 96795 |
| **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** |
| 4.15%, 01/15/29 *(a)(e)* | 60000 | 60188 |
| 4.40%, 01/15/31 *(a)(e)* | 90000 | 90550 |
| 5.10%, 01/15/35 *(a)* | 150000 | 154114 |
| 5.15%, 01/15/36 *(a)(e)* | 90000 | 92304 |
| **John Sevier Combined Cycle Generation LLC** | **John Sevier Combined Cycle Generation LLC** | **John Sevier Combined Cycle Generation LLC** |
| 4.63%, 01/15/42  | 113554 | 113221 |
| **Johnsonville Aeroderivative Combustion Turbine Generation LLC** | **Johnsonville Aeroderivative Combustion Turbine Generation LLC** | **Johnsonville Aeroderivative Combustion Turbine Generation LLC** |
| 5.08%, 10/01/54  | 123453 | 120585 |
| **Kentucky Utilities Co.** | **Kentucky Utilities Co.** | **Kentucky Utilities Co.** |
| 5.13%, 11/01/40 *(a)* | 100000 | 99571 |
| 4.38%, 10/01/45 *(a)* | 100000 | 86506 |
| 3.30%, 06/01/50 *(a)* | 100000 | 69943 |
| 5.85%, 08/15/55 *(a)* | 125000 | 128908 |
| **Louisville Gas & Electric Co.** | **Louisville Gas & Electric Co.** | **Louisville Gas & Electric Co.** |
| 5.45%, 04/15/33 *(a)* | 75000 | 79264 |
| 4.25%, 04/01/49 *(a)* | 100000 | 83159 |
| 5.85%, 08/15/55 *(a)* | 150000 | 153952 |
| **MidAmerican Energy Co.** | **MidAmerican Energy Co.** | **MidAmerican Energy Co.** |
| 3.65%, 04/15/29 *(a)* | 200000 | 199094 |
| 6.75%, 12/30/31  | 100000 | 113509 |
| 5.35%, 01/15/34 *(a)* | 75000 | 79067 |
| 5.75%, 11/01/35  | 75000 | 81206 |
| 5.80%, 10/15/36  | 75000 | 81623 |
| 4.80%, 09/15/43 *(a)* | 100000 | 93519 |
| 4.40%, 10/15/44 *(a)* | 75000 | 66167 |
| 4.25%, 05/01/46 *(a)* | 100000 | 85852 |
| 3.95%, 08/01/47 *(a)* | 50000 | 40747 |
| 3.65%, 08/01/48 *(a)* | 100000 | 76736 |
| 4.25%, 07/15/49 *(a)* | 150000 | 125918 |
| 3.15%, 04/15/50 *(a)* | 100000 | 69269 |
| 2.70%, 08/01/52 *(a)* | 100000 | 63413 |
| 5.85%, 09/15/54 *(a)* | 175000 | 182828 |
| 5.30%, 02/01/55 *(a)* | 100000 | 97087 |
| 5.50%, 11/15/56 *(a)* | 70000 | 69786 |
| **Mississippi Power Co.** | **Mississippi Power Co.** | **Mississippi Power Co.** |
| 4.25%, 03/15/42  | 100000 | 88044 |
| 3.10%, 07/30/51 *(a)* | 100000 | 67852 |
| **National Grid PLC** | **National Grid PLC** | **National Grid PLC** |
| 5.60%, 06/12/28 *(a)* | 150000 | 155185 |
| 5.81%, 06/12/33 *(a)* | 150000 | 160396 |
| 5.42%, 01/11/34 *(a)* | 150000 | 156736 |
| **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** |
| 5.10%, 05/06/27 *(a)* | 100000 | 101398 |
| 4.12%, 09/16/27 *(a)* | 100000 | 100491 |

---

*See financial notes*

**74**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.40%, 02/07/28 *(a)* | 200000 | 198722 |
| 4.75%, 02/07/28 *(a)* | 100000 | 101744 |
| 4.80%, 03/15/28 *(a)* | 100000 | 101915 |
| 4.15%, 08/25/28 *(a)* | 210000 | 211506 |
| 5.05%, 09/15/28 *(a)* | 75000 | 77060 |
| 4.85%, 02/07/29 *(a)* | 150000 | 154059 |
| 4.05%, 02/09/29 *(a)* | 100000 | 100495 |
| 3.70%, 03/15/29 *(a)* | 100000 | 99532 |
| 5.15%, 06/15/29 *(a)* | 100000 | 103784 |
| 4.95%, 02/07/30 *(a)* | 100000 | 103588 |
| 2.40%, 03/15/30 *(a)* | 100000 | 94094 |
| 5.00%, 02/07/31 *(a)* | 100000 | 103910 |
| 1.35%, 03/15/31 *(a)* | 100000 | 87445 |
| 1.65%, 06/15/31 *(a)* | 100000 | 88065 |
| 8.00%, 03/01/32  | 100000 | 120268 |
| 2.75%, 04/15/32 *(a)* | 100000 | 91970 |
| 4.02%, 11/01/32 *(a)* | 100000 | 98794 |
| 4.15%, 12/15/32 *(a)* | 100000 | 98922 |
| 5.80%, 01/15/33 *(a)* | 75000 | 81212 |
| 5.00%, 08/15/34 *(a)* | 100000 | 103243 |
| 4.40%, 11/01/48 *(a)* | 50000 | 43269 |
| 4.30%, 03/15/49 *(a)* | 100000 | 85617 |
| 7.13%, 09/15/53 *(a)(b)* | 75000 | 78698 |
| **Nevada Power Co.** | **Nevada Power Co.** | **Nevada Power Co.** |
| 3.70%, 05/01/29 *(a)* | 150000 | 149013 |
| 6.65%, 04/01/36  | 100000 | 114075 |
| 6.75%, 07/01/37  | 100000 | 114857 |
| 3.13%, 08/01/50 *(a)* | 100000 | 67329 |
| 5.90%, 05/01/53 *(a)* | 100000 | 103316 |
| 6.00%, 03/15/54 *(a)* | 100000 | 103629 |
| **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** |
| 3.55%, 05/01/27 *(a)* | 250000 | 249120 |
| 4.63%, 07/15/27 *(a)* | 200000 | 201908 |
| 4.69%, 09/01/27  | 350000 | 354042 |
| 4.85%, 02/04/28  | 150000 | 152764 |
| 4.90%, 02/28/28 *(a)* | 200000 | 203656 |
| 1.90%, 06/15/28 *(a)* | 300000 | 287256 |
| 4.90%, 03/15/29 *(a)* | 175000 | 179763 |
| 3.50%, 04/01/29 *(a)* | 150000 | 147994 |
| 2.75%, 11/01/29 *(a)* | 150000 | 143841 |
| 5.00%, 02/28/30 *(a)* | 100000 | 103488 |
| 5.05%, 03/15/30 *(a)* | 150000 | 155502 |
| 2.25%, 06/01/30 *(a)* | 400000 | 371156 |
| 4.40%, 03/01/31 *(a)* | 250000 | 252752 |
| 2.44%, 01/15/32 *(a)* | 200000 | 180472 |
| 5.30%, 03/15/32 *(a)* | 150000 | 157321 |
| 5.00%, 07/15/32 *(a)* | 200000 | 206520 |
| 5.05%, 02/28/33 *(a)* | 175000 | 180757 |
| 5.25%, 03/15/34 *(a)* | 200000 | 207172 |
| 5.45%, 03/15/35 *(a)* | 225000 | 234092 |
| 3.00%, 01/15/52 *(a)* | 100000 | 64502 |
| 5.25%, 02/28/53 *(a)* | 200000 | 187402 |
| 5.55%, 03/15/54 *(a)* | 150000 | 146119 |
| 6.75%, 06/15/54 *(a)(b)* | 200000 | 212926 |
| 6.70%, 09/01/54 *(a)(b)* | 175000 | 181849 |
| 5.90%, 03/15/55 *(a)* | 150000 | 152611 |
| 6.38%, 08/15/55 *(a)(b)* | 275000 | 286049 |
| 6.50%, 08/15/55 *(a)(b)* | 200000 | 212244 |
| 5.85%, 03/01/56 *(a)* | 125000 | 125776 |
| 4.80%, 12/01/77 *(a)(b)* | 100000 | 99227 |
| 5.65%, 05/01/79 *(a)(b)* | 100000 | 101378 |
| 3.80%, 03/15/82 *(a)(b)* | 100000 | 98639 |
| **Northern States Power Co.** | **Northern States Power Co.** | **Northern States Power Co.** |
| 2.25%, 04/01/31 *(a)* | 100000 | 91742 |
| 5.05%, 05/15/35 *(a)* | 100000 | 102747 |
| 6.25%, 06/01/36  | 100000 | 111899 |
| 5.35%, 11/01/39  | 100000 | 102944 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.40%, 08/15/42 *(a)* | 250000 | 199920 |
| 3.60%, 09/15/47 *(a)* | 150000 | 116010 |
| 2.90%, 03/01/50 *(a)* | 150000 | 100596 |
| 2.60%, 06/01/51 *(a)* | 125000 | 77696 |
| 3.20%, 04/01/52 *(a)* | 100000 | 69924 |
| 4.50%, 06/01/52 *(a)* | 100000 | 86312 |
| 5.10%, 05/15/53 *(a)* | 150000 | 141228 |
| 5.40%, 03/15/54 *(a)* | 100000 | 98733 |
| 5.65%, 06/15/54 *(a)* | 125000 | 127348 |
| 5.65%, 05/15/55 *(a)* | 75000 | 76427 |
| **NorthWestern Corp.** | **NorthWestern Corp.** | **NorthWestern Corp.** |
| 4.18%, 11/15/44 *(a)* | 100000 | 84907 |
| **NSTAR Electric Co.** | **NSTAR Electric Co.** | **NSTAR Electric Co.** |
| 3.20%, 05/15/27 *(a)* | 150000 | 149137 |
| 3.25%, 05/15/29 *(a)* | 150000 | 147045 |
| 4.85%, 03/01/30 *(a)* | 75000 | 77229 |
| 3.95%, 04/01/30 *(a)* | 75000 | 74702 |
| 5.40%, 06/01/34 *(a)* | 100000 | 104713 |
| 5.20%, 03/01/35 *(a)* | 75000 | 77255 |
| 5.50%, 03/15/40  | 75000 | 77508 |
| 4.40%, 03/01/44 *(a)* | 50000 | 44104 |
| 4.55%, 06/01/52 *(a)* | 150000 | 129126 |
| **Oglethorpe Power Corp.** | **Oglethorpe Power Corp.** | **Oglethorpe Power Corp.** |
| 5.95%, 11/01/39  | 100000 | 107260 |
| 5.38%, 11/01/40  | 100000 | 101222 |
| 4.50%, 04/01/47 *(a)* | 100000 | 85212 |
| 5.05%, 10/01/48 *(a)* | 75000 | 68748 |
| 3.75%, 08/01/50 *(a)* | 100000 | 73920 |
| 6.20%, 12/01/53 *(a)* | 75000 | 79336 |
| 5.80%, 06/01/54 *(a)* | 100000 | 100887 |
| 5.90%, 02/01/55 *(a)* | 50000 | 50581 |
| **Ohio Edison Co.** | **Ohio Edison Co.** | **Ohio Edison Co.** |
| 6.88%, 07/15/36  | 100000 | 116280 |
| **Ohio Power Co.** | **Ohio Power Co.** | **Ohio Power Co.** |
| 2.60%, 04/01/30 *(a)* | 100000 | 94485 |
| 1.63%, 01/15/31 *(a)* | 100000 | 88661 |
| 5.00%, 06/01/33 *(a)* | 100000 | 102235 |
| 4.15%, 04/01/48 *(a)* | 75000 | 61201 |
| 4.00%, 06/01/49 *(a)* | 50000 | 39379 |
| 2.90%, 10/01/51 *(a)* | 150000 | 94509 |
| **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** |
| 3.80%, 08/15/28 *(a)* | 100000 | 99987 |
| 3.30%, 03/15/30 *(a)* | 100000 | 97141 |
| 3.25%, 04/01/30 *(a)* | 150000 | 145840 |
| 3.85%, 08/15/47 *(a)* | 75000 | 60127 |
| 5.60%, 04/01/53 *(a)* | 150000 | 149430 |
| 5.80%, 04/01/55 *(a)* | 75000 | 77108 |
| **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** |
| 4.30%, 05/15/28 *(a)* | 100000 | 100947 |
| 3.70%, 11/15/28 *(a)* | 100000 | 99581 |
| 5.75%, 03/15/29 *(a)* | 75000 | 78746 |
| 4.65%, 11/01/29 *(a)* | 100000 | 102314 |
| 2.75%, 05/15/30 *(a)* | 150000 | 143193 |
| 7.00%, 05/01/32  | 150000 | 170958 |
| 4.15%, 06/01/32 *(a)* | 100000 | 99140 |
| 4.55%, 09/15/32 *(a)* | 100000 | 101114 |
| 7.25%, 01/15/33  | 100000 | 116007 |
| 5.65%, 11/15/33 *(a)* | 150000 | 160813 |
| 5.35%, 04/01/35 *(a)(e)* | 125000 | 130208 |
| 7.50%, 09/01/38  | 75000 | 91790 |
| 5.25%, 09/30/40  | 75000 | 75848 |
| 4.55%, 12/01/41 *(a)* | 80000 | 73189 |
| 5.30%, 06/01/42 *(a)* | 37000 | 36878 |
| 3.75%, 04/01/45 *(a)* | 75000 | 60137 |
| 3.80%, 09/30/47 *(a)* | 100000 | 78485 |
| 4.10%, 11/15/48 *(a)* | 75000 | 61045 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**75**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.80%, 06/01/49 *(a)* | 100000 | 76756 |
| 3.10%, 09/15/49 *(a)* | 150000 | 101549 |
| 3.70%, 05/15/50 *(a)* | 100000 | 75745 |
| 2.70%, 11/15/51 *(a)* | 100000 | 61043 |
| 4.60%, 06/01/52 *(a)* | 100000 | 85618 |
| 4.95%, 09/15/52 *(a)* | 100000 | 91215 |
| 5.35%, 10/01/52 *(a)* | 78000 | 74952 |
| 5.55%, 06/15/54 *(a)* | 150000 | 148548 |
| 5.80%, 04/01/55 *(a)(e)* | 125000 | 128530 |
| **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** |
| 3.30%, 03/15/27 *(a)* | 100000 | 99279 |
| 5.45%, 06/15/27 *(a)* | 100000 | 101652 |
| 2.10%, 08/01/27 *(a)* | 200000 | 194924 |
| 3.30%, 12/01/27 *(a)* | 250000 | 246932 |
| 5.00%, 06/04/28 *(a)* | 70000 | 71317 |
| 3.00%, 06/15/28 *(a)* | 150000 | 146578 |
| 3.75%, 07/01/28  | 200000 | 198758 |
| 4.65%, 08/01/28 *(a)* | 100000 | 101259 |
| 6.10%, 01/15/29 *(a)* | 200000 | 210180 |
| 4.20%, 03/01/29 *(a)* | 75000 | 75083 |
| 5.55%, 05/15/29 *(a)* | 200000 | 207980 |
| 4.55%, 07/01/30 *(a)* | 550000 | 552601 |
| 2.50%, 02/01/31 *(a)* | 350000 | 320071 |
| 3.25%, 06/01/31 *(a)* | 175000 | 164953 |
| 4.40%, 03/01/32 *(a)* | 100000 | 99113 |
| 5.90%, 06/15/32 *(a)* | 100000 | 105981 |
| 5.05%, 10/15/32 *(a)* | 150000 | 152907 |
| 6.15%, 01/15/33 *(a)* | 150000 | 161235 |
| 6.40%, 06/15/33 *(a)* | 200000 | 217982 |
| 6.95%, 03/15/34 *(a)* | 150000 | 168885 |
| 5.80%, 05/15/34 *(a)* | 200000 | 210744 |
| 5.70%, 03/01/35 *(a)* | 175000 | 182472 |
| 6.00%, 08/15/35 *(a)* | 160000 | 170301 |
| 5.20%, 05/01/36 *(a)* | 300000 | 301035 |
| 4.50%, 07/01/40 *(a)* | 350000 | 311622 |
| 3.30%, 08/01/40 *(a)* | 175000 | 136020 |
| 4.20%, 06/01/41 *(a)* | 100000 | 84248 |
| 4.45%, 04/15/42 *(a)* | 75000 | 64250 |
| 3.75%, 08/15/42 *(a)* | 50000 | 38990 |
| 4.60%, 06/15/43 *(a)* | 75000 | 64536 |
| 4.75%, 02/15/44 *(a)* | 100000 | 86900 |
| 4.30%, 03/15/45 *(a)* | 100000 | 81103 |
| 4.25%, 03/15/46 *(a)* | 100000 | 80002 |
| 4.00%, 12/01/46 *(a)* | 100000 | 77128 |
| 3.95%, 12/01/47 *(a)* | 200000 | 152448 |
| 4.95%, 07/01/50 *(a)* | 600000 | 518292 |
| 3.50%, 08/01/50 *(a)* | 350000 | 240933 |
| 5.25%, 03/01/52 *(a)* | 100000 | 89106 |
| 6.75%, 01/15/53 *(a)* | 300000 | 325509 |
| 6.70%, 04/01/53 *(a)* | 150000 | 161991 |
| 5.90%, 10/01/54 *(a)* | 125000 | 121963 |
| 6.15%, 03/01/55 *(a)* | 125000 | 125839 |
| 6.10%, 10/15/55 *(a)* | 125000 | 125491 |
| 6.00%, 05/01/56 *(a)* | 200000 | 197600 |
| **PacifiCorp** | **PacifiCorp** | **PacifiCorp** |
| 5.10%, 02/15/29 *(a)* | 100000 | 102869 |
| 4.25%, 03/15/29 *(a)* | 150000 | 151123 |
| 3.50%, 06/15/29 *(a)* | 100000 | 98035 |
| 2.70%, 09/15/30 *(a)* | 75000 | 69965 |
| 5.30%, 02/15/31 *(a)* | 150000 | 155719 |
| 7.70%, 11/15/31  | 100000 | 115837 |
| 5.45%, 02/15/34 *(a)* | 200000 | 205454 |
| 5.25%, 06/15/35  | 75000 | 75711 |
| 6.10%, 08/01/36  | 100000 | 106510 |
| 5.75%, 04/01/37  | 100000 | 102244 |
| 6.25%, 10/15/37  | 100000 | 106569 |
| 6.35%, 07/15/38  | 100000 | 107470 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.00%, 01/15/39  | 130000 | 133457 |
| 4.10%, 02/01/42 *(a)* | 75000 | 61425 |
| 4.13%, 01/15/49 *(a)* | 75000 | 57839 |
| 4.15%, 02/15/50 *(a)* | 150000 | 114141 |
| 3.30%, 03/15/51 *(a)* | 100000 | 65859 |
| 2.90%, 06/15/52 *(a)* | 100000 | 59957 |
| 5.35%, 12/01/53 *(a)* | 200000 | 179610 |
| 5.50%, 05/15/54 *(a)* | 175000 | 160272 |
| 5.80%, 01/15/55 *(a)* | 275000 | 262020 |
| **PECO Energy Co.** | **PECO Energy Co.** | **PECO Energy Co.** |
| 4.90%, 06/15/33 *(a)* | 150000 | 154428 |
| 4.88%, 09/15/35 *(a)* | 75000 | 76098 |
| 5.95%, 10/01/36  | 75000 | 82632 |
| 4.15%, 10/01/44 *(a)* | 100000 | 85599 |
| 3.90%, 03/01/48 *(a)* | 150000 | 120212 |
| 3.00%, 09/15/49 *(a)* | 100000 | 67113 |
| 2.80%, 06/15/50 *(a)* | 100000 | 63977 |
| 3.05%, 03/15/51 *(a)* | 75000 | 50129 |
| 4.60%, 05/15/52 *(a)* | 75000 | 65476 |
| 4.38%, 08/15/52 *(a)* | 75000 | 62758 |
| 5.25%, 09/15/54 *(a)* | 125000 | 118918 |
| 5.65%, 09/15/55 *(a)* | 100000 | 101233 |
| **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** |
| 4.90%, 05/15/28 *(a)* | 100000 | 101932 |
| 5.15%, 05/15/30 *(a)* | 100000 | 103654 |
| **Potomac Electric Power Co.** | **Potomac Electric Power Co.** | **Potomac Electric Power Co.** |
| 5.20%, 03/15/34 *(a)* | 100000 | 104390 |
| 6.50%, 11/15/37  | 75000 | 85000 |
| 4.15%, 03/15/43 *(a)* | 100000 | 86464 |
| 5.50%, 03/15/54 *(a)* | 75000 | 73742 |
| **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** |
| 4.13%, 04/15/30 *(a)* | 100000 | 100147 |
| 5.25%, 09/01/34 *(a)* | 150000 | 154962 |
| **PPL Electric Utilities Corp.** | **PPL Electric Utilities Corp.** | **PPL Electric Utilities Corp.** |
| 5.00%, 05/15/33 *(a)* | 150000 | 154863 |
| 4.85%, 02/15/34 *(a)* | 150000 | 153504 |
| 4.75%, 07/15/43 *(a)* | 50000 | 46749 |
| 4.13%, 06/15/44 *(a)* | 100000 | 85697 |
| 3.95%, 06/01/47 *(a)* | 150000 | 122138 |
| 4.15%, 06/15/48 *(a)* | 100000 | 83649 |
| 5.25%, 05/15/53 *(a)* | 150000 | 144951 |
| 5.55%, 08/15/55 *(a)* | 100000 | 100849 |
| **Progress Energy, Inc.** | **Progress Energy, Inc.** | **Progress Energy, Inc.** |
| 7.75%, 03/01/31  | 150000 | 172971 |
| 7.00%, 10/30/31  | 100000 | 113128 |
| 6.00%, 12/01/39  | 100000 | 107345 |
| **Public Service Co. of Colorado** | **Public Service Co. of Colorado** | **Public Service Co. of Colorado** |
| 3.70%, 06/15/28 *(a)* | 100000 | 99789 |
| 1.90%, 01/15/31 *(a)* | 150000 | 135172 |
| 1.88%, 06/15/31 *(a)* | 150000 | 133581 |
| 5.35%, 05/15/34 *(a)* | 175000 | 182311 |
| 5.15%, 09/15/35 *(a)* | 240000 | 245254 |
| 6.25%, 09/01/37  | 100000 | 110570 |
| 3.60%, 09/15/42 *(a)* | 100000 | 80456 |
| 4.30%, 03/15/44 *(a)* | 40000 | 34649 |
| 3.80%, 06/15/47 *(a)* | 125000 | 98163 |
| 4.10%, 06/15/48 *(a)* | 50000 | 40752 |
| 4.05%, 09/15/49 *(a)* | 100000 | 79925 |
| 3.20%, 03/01/50 *(a)* | 100000 | 69209 |
| 4.50%, 06/01/52 *(a)* | 100000 | 84904 |
| 5.25%, 04/01/53 *(a)* | 150000 | 141513 |
| 5.75%, 05/15/54 *(a)* | 150000 | 152281 |
| 5.85%, 05/15/55 *(a)* | 100000 | 102273 |
| **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** |
| 4.40%, 07/01/28  | 50000 | 50662 |
| 2.20%, 06/15/31 *(a)* | 100000 | 90990 |

---

*See financial notes*

**76**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.35%, 10/01/33 *(a)* | 100000 | 105753 |
| 3.60%, 07/01/49 *(a)* | 50000 | 37976 |
| 5.15%, 01/15/53 *(a)* | 50000 | 47325 |
| **Public Service Co. of Oklahoma** | **Public Service Co. of Oklahoma** | **Public Service Co. of Oklahoma** |
| 2.20%, 08/15/31 *(a)* | 100000 | 89679 |
| 5.25%, 01/15/33 *(a)* | 100000 | 103596 |
| 5.20%, 01/15/35 *(a)* | 150000 | 153292 |
| 5.45%, 01/15/36 *(a)* | 125000 | 129589 |
| 3.15%, 08/15/51 *(a)* | 75000 | 50498 |
| **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** |
| 3.65%, 09/01/28 *(a)* | 100000 | 99762 |
| 3.20%, 05/15/29 *(a)* | 100000 | 98147 |
| 1.90%, 08/15/31 *(a)* | 250000 | 223657 |
| 4.90%, 12/15/32 *(a)* | 150000 | 155059 |
| 4.65%, 03/15/33 *(a)* | 75000 | 76025 |
| 5.20%, 08/01/33 *(a)* | 100000 | 104628 |
| 5.20%, 03/01/34 *(a)* | 100000 | 104276 |
| 4.85%, 08/01/34 *(a)* | 100000 | 101715 |
| 4.90%, 08/15/35 *(a)* | 130000 | 132500 |
| 5.50%, 03/01/40  | 75000 | 77837 |
| 3.95%, 05/01/42 *(a)* | 150000 | 129585 |
| 3.80%, 03/01/46 *(a)* | 150000 | 121001 |
| 3.60%, 12/01/47 *(a)* | 100000 | 76368 |
| 3.85%, 05/01/49 *(a)* | 150000 | 118062 |
| 3.20%, 08/01/49 *(a)* | 75000 | 52617 |
| 3.15%, 01/01/50 *(a)* | 100000 | 68880 |
| 2.70%, 05/01/50 *(a)* | 150000 | 96273 |
| 2.05%, 08/01/50 *(a)* | 200000 | 110024 |
| 5.13%, 03/15/53 *(a)* | 50000 | 47552 |
| 5.45%, 08/01/53 *(a)* | 100000 | 99038 |
| 5.45%, 03/01/54 *(a)* | 100000 | 99187 |
| 5.30%, 08/01/54 *(a)* | 100000 | 96970 |
| 5.50%, 03/01/55 *(a)* | 75000 | 74381 |
| 5.63%, 01/01/56 *(a)* | 100000 | 101953 |
| **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** |
| 5.85%, 11/15/27 *(a)* | 200000 | 206266 |
| 5.88%, 10/15/28 *(a)* | 150000 | 156766 |
| 5.20%, 04/01/29 *(a)* | 150000 | 155067 |
| 4.90%, 03/15/30 *(a)* | 100000 | 102951 |
| 1.60%, 08/15/30 *(a)* | 200000 | 179398 |
| 2.45%, 11/15/31 *(a)* | 125000 | 113341 |
| 6.13%, 10/15/33 *(a)* | 75000 | 81481 |
| 5.45%, 04/01/34 *(a)* | 75000 | 78447 |
| **Puget Energy, Inc.** | **Puget Energy, Inc.** | **Puget Energy, Inc.** |
| 2.38%, 06/15/28 *(a)* | 100000 | 96394 |
| 4.10%, 06/15/30 *(a)* | 100000 | 98769 |
| 4.22%, 03/15/32 *(a)* | 75000 | 73093 |
| 5.73%, 03/15/35 *(a)* | 110000 | 113797 |
| **Puget Sound Energy, Inc.** | **Puget Sound Energy, Inc.** | **Puget Sound Energy, Inc.** |
| 5.33%, 06/15/34 *(a)* | 75000 | 78209 |
| 6.27%, 03/15/37  | 62000 | 69180 |
| 5.76%, 10/01/39  | 75000 | 79844 |
| 5.80%, 03/15/40  | 75000 | 78857 |
| 4.30%, 05/20/45 *(a)* | 75000 | 63706 |
| 4.22%, 06/15/48 *(a)* | 100000 | 83858 |
| 3.25%, 09/15/49 *(a)* | 100000 | 70264 |
| 2.89%, 09/15/51 *(a)* | 100000 | 65836 |
| 5.45%, 06/01/53 *(a)* | 75000 | 73579 |
| 5.69%, 06/15/54 *(a)* | 75000 | 75927 |
| 5.60%, 09/15/55 *(a)* | 90000 | 89852 |
| **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** |
| 4.95%, 08/15/28 *(a)* | 100000 | 102661 |
| 1.70%, 10/01/30 *(a)* | 200000 | 180214 |
| 3.00%, 03/15/32 *(a)* | 100000 | 93153 |
| 5.40%, 04/15/35 *(a)* | 125000 | 130344 |
| 6.00%, 06/01/39  | 50000 | 53893 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.50%, 08/15/40  | 100000 | 92840 |
| 3.75%, 06/01/47 *(a)* | 75000 | 58540 |
| 4.15%, 05/15/48 *(a)* | 100000 | 82006 |
| 4.10%, 06/15/49 *(a)* | 100000 | 80254 |
| 3.32%, 04/15/50 *(a)* | 100000 | 70012 |
| 2.95%, 08/15/51 *(a)* | 150000 | 98295 |
| 3.70%, 03/15/52 *(a)* | 125000 | 92985 |
| 5.35%, 04/01/53 *(a)* | 150000 | 143710 |
| 5.55%, 04/15/54 *(a)* | 100000 | 98379 |
| **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** |
| 5.90%, 03/15/54 *(a)* | 75000 | 76639 |
| 6.20%, 12/15/55 *(a)(b)* | 80000 | 79654 |
| **Southern California Edison Co.** | **Southern California Edison Co.** | **Southern California Edison Co.** |
| 4.70%, 06/01/27 *(a)* | 150000 | 151203 |
| 5.85%, 11/01/27 *(a)* | 150000 | 154224 |
| 3.65%, 03/01/28 *(a)* | 100000 | 99332 |
| 5.30%, 03/01/28 *(a)* | 150000 | 153514 |
| 5.65%, 10/01/28 *(a)* | 100000 | 103772 |
| 4.20%, 03/01/29 *(a)* | 100000 | 100132 |
| 5.15%, 06/01/29 *(a)* | 100000 | 102888 |
| 2.85%, 08/01/29 *(a)* | 100000 | 95797 |
| 5.25%, 03/15/30 *(a)* | 150000 | 155194 |
| 2.25%, 06/01/30 *(a)* | 150000 | 138004 |
| 2.50%, 06/01/31 *(a)* | 75000 | 68529 |
| 5.45%, 06/01/31 *(a)* | 150000 | 156954 |
| 2.75%, 02/01/32 *(a)* | 100000 | 90738 |
| 5.95%, 11/01/32 *(a)* | 125000 | 134066 |
| 6.00%, 01/15/34  | 150000 | 160068 |
| 5.20%, 06/01/34 *(a)* | 200000 | 203306 |
| 5.45%, 03/01/35 *(a)* | 150000 | 154275 |
| 5.75%, 04/01/35  | 75000 | 78512 |
| 5.35%, 07/15/35  | 75000 | 76445 |
| 5.63%, 02/01/36  | 100000 | 103169 |
| 5.55%, 01/15/37  | 75000 | 76843 |
| 5.95%, 02/01/38  | 100000 | 104754 |
| 6.05%, 03/15/39  | 100000 | 104832 |
| 5.50%, 03/15/40  | 100000 | 99536 |
| 4.50%, 09/01/40 *(a)* | 75000 | 67066 |
| 4.05%, 03/15/42 *(a)* | 100000 | 81827 |
| 3.90%, 03/15/43 *(a)* | 50000 | 39471 |
| 4.65%, 10/01/43 *(a)* | 150000 | 130608 |
| 3.60%, 02/01/45 *(a)* | 100000 | 74246 |
| 4.00%, 04/01/47 *(a)* | 300000 | 231384 |
| 4.13%, 03/01/48 *(a)* | 250000 | 196045 |
| 4.88%, 03/01/49 *(a)* | 100000 | 86328 |
| 3.65%, 02/01/50 *(a)* | 200000 | 143114 |
| 2.95%, 02/01/51 *(a)* | 100000 | 62785 |
| 3.65%, 06/01/51 *(a)* | 100000 | 70649 |
| 3.45%, 02/01/52 *(a)* | 100000 | 68326 |
| 5.45%, 06/01/52 *(a)* | 50000 | 46387 |
| 5.70%, 03/01/53 *(a)* | 100000 | 95586 |
| 5.88%, 12/01/53 *(a)* | 150000 | 147496 |
| 5.75%, 04/15/54 *(a)* | 50000 | 48284 |
| 5.90%, 03/01/55 *(a)* | 100000 | 98666 |
| 6.20%, 09/15/55 *(a)* | 125000 | 128954 |
| **Southern Co.** | **Southern Co.** | **Southern Co.** |
| 5.11%, 08/01/27 *(f)* | 150000 | 152491 |
| 1.75%, 03/15/28 *(a)* | 75000 | 71906 |
| 4.85%, 06/15/28 *(a)* | 200000 | 204050 |
| 5.50%, 03/15/29 *(a)* | 200000 | 208464 |
| 3.70%, 04/30/30 *(a)* | 175000 | 172371 |
| 5.70%, 10/15/32 *(a)* | 100000 | 107174 |
| 5.20%, 06/15/33 *(a)* | 150000 | 155491 |
| 5.70%, 03/15/34 *(a)* | 250000 | 265847 |
| 4.85%, 03/15/35 *(a)* | 125000 | 124815 |
| 4.25%, 07/01/36 *(a)* | 125000 | 118453 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**77**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.40%, 07/01/46 *(a)* | 350000 | 299544 |
| 6.38%, 03/15/55 *(a)(b)* | 300000 | 314337 |
| **Southern Power Co.** | **Southern Power Co.** | **Southern Power Co.** |
| 4.25%, 10/01/30 *(a)* | 100000 | 100507 |
| 4.90%, 10/01/35 *(a)* | 100000 | 99981 |
| 5.15%, 09/15/41  | 100000 | 98112 |
| 5.25%, 07/15/43  | 50000 | 48881 |
| 4.95%, 12/15/46 *(a)* | 100000 | 90760 |
| **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** |
| 4.10%, 09/15/28 *(a)* | 150000 | 150342 |
| 5.30%, 04/01/33 *(a)* | 100000 | 103691 |
| 6.20%, 03/15/40  | 100000 | 107743 |
| 3.90%, 04/01/45 *(a)* | 75000 | 59306 |
| 3.85%, 02/01/48 *(a)* | 50000 | 38219 |
| 3.25%, 11/01/51 *(a)* | 75000 | 50337 |
| **Southwestern Public Service Co.** | **Southwestern Public Service Co.** | **Southwestern Public Service Co.** |
| 5.30%, 05/15/35 *(a)* | 75000 | 77467 |
| 4.50%, 08/15/41 *(a)* | 150000 | 135339 |
| 3.40%, 08/15/46 *(a)* | 75000 | 54525 |
| 3.70%, 08/15/47 *(a)* | 100000 | 76708 |
| 3.15%, 05/01/50 *(a)* | 150000 | 101450 |
| 6.00%, 06/01/54 *(a)* | 100000 | 103818 |
| **System Energy Resources, Inc.** | **System Energy Resources, Inc.** | **System Energy Resources, Inc.** |
| 6.00%, 04/15/28 *(a)* | 75000 | 77864 |
| 5.30%, 12/15/34 *(a)* | 100000 | 102157 |
| **Tampa Electric Co.** | **Tampa Electric Co.** | **Tampa Electric Co.** |
| 4.90%, 03/01/29 *(a)* | 100000 | 102723 |
| 2.40%, 03/15/31 *(a)* | 100000 | 92032 |
| 5.15%, 03/01/35 *(a)* | 100000 | 102642 |
| 4.10%, 06/15/42 *(a)* | 200000 | 173696 |
| 4.30%, 06/15/48 *(a)* | 250000 | 211487 |
| **Toledo Edison Co.** | **Toledo Edison Co.** | **Toledo Edison Co.** |
| 6.15%, 05/15/37  | 50000 | 55401 |
| **Tucson Electric Power Co.** | **Tucson Electric Power Co.** | **Tucson Electric Power Co.** |
| 1.50%, 08/01/30 *(a)* | 100000 | 89458 |
| 5.20%, 09/15/34 *(a)* | 75000 | 77402 |
| 4.85%, 12/01/48 *(a)* | 50000 | 45215 |
| 4.00%, 06/15/50 *(a)* | 100000 | 79036 |
| 5.50%, 04/15/53 *(a)* | 75000 | 72806 |
| 5.90%, 04/15/55 *(a)* | 75000 | 77016 |
| **Union Electric Co.** | **Union Electric Co.** | **Union Electric Co.** |
| 3.50%, 03/15/29 *(a)* | 150000 | 148452 |
| 2.95%, 03/15/30 *(a)* | 200000 | 192276 |
| 2.15%, 03/15/32 *(a)* | 100000 | 89080 |
| 5.20%, 04/01/34 *(a)* | 100000 | 104369 |
| 5.25%, 04/15/35 *(a)* | 200000 | 207906 |
| 8.45%, 03/15/39  | 100000 | 130994 |
| 3.90%, 09/15/42 *(a)* | 40000 | 33872 |
| 4.00%, 04/01/48 *(a)* | 250000 | 203070 |
| 2.63%, 03/15/51 *(a)* | 100000 | 61563 |
| 3.90%, 04/01/52 *(a)* | 150000 | 117132 |
| 5.45%, 03/15/53 *(a)* | 100000 | 98873 |
| 5.13%, 03/15/55 *(a)* | 75000 | 70467 |
| **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** |
| 3.50%, 03/15/27 *(a)* | 150000 | 149496 |
| 3.75%, 05/15/27 *(a)* | 150000 | 149947 |
| 3.80%, 04/01/28 *(a)* | 150000 | 149874 |
| 2.88%, 07/15/29 *(a)* | 100000 | 96755 |
| 2.30%, 11/15/31 *(a)* | 75000 | 67693 |
| 2.40%, 03/30/32 *(a)* | 150000 | 135130 |
| 5.00%, 04/01/33 *(a)* | 100000 | 102770 |
| 5.30%, 08/15/33 *(a)* | 75000 | 78500 |
| 5.00%, 01/15/34 *(a)* | 100000 | 102144 |
| 5.05%, 08/15/34 *(a)* | 100000 | 102029 |
| 5.15%, 03/15/35 *(a)* | 100000 | 102563 |
| 4.90%, 09/15/35 *(a)* | 150000 | 150460 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.00%, 01/15/36  | 150000 | 162297 |
| 4.95%, 03/15/36 *(a)* | 250000 | 249487 |
| 6.00%, 05/15/37  | 150000 | 162225 |
| 6.35%, 11/30/37  | 100000 | 111491 |
| 8.88%, 11/15/38  | 150000 | 201370 |
| 4.00%, 01/15/43 *(a)* | 100000 | 83480 |
| 4.65%, 08/15/43 *(a)* | 100000 | 90491 |
| 4.45%, 02/15/44 *(a)* | 100000 | 87968 |
| 4.20%, 05/15/45 *(a)* | 100000 | 83874 |
| 4.00%, 11/15/46 *(a)* | 100000 | 80774 |
| 3.80%, 09/15/47 *(a)* | 150000 | 116715 |
| 4.60%, 12/01/48 *(a)* | 150000 | 129491 |
| 3.30%, 12/01/49 *(a)* | 125000 | 87038 |
| 2.45%, 12/15/50 *(a)* | 200000 | 115926 |
| 2.95%, 11/15/51 *(a)* | 100000 | 63653 |
| 4.63%, 05/15/52 *(a)* | 100000 | 85408 |
| 5.45%, 04/01/53 *(a)* | 100000 | 96241 |
| 5.70%, 08/15/53 *(a)* | 100000 | 99552 |
| 5.35%, 01/15/54 *(a)* | 100000 | 94967 |
| 5.55%, 08/15/54 *(a)* | 100000 | 97496 |
| 5.65%, 03/15/55 *(a)* | 100000 | 99016 |
| 5.60%, 09/15/55 *(a)* | 150000 | 147222 |
| 5.70%, 03/15/56 *(a)* | 150000 | 149241 |
| **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** |
| 5.15%, 10/01/27 *(a)* | 100000 | 101824 |
| 1.38%, 10/15/27 *(a)* | 200000 | 192312 |
| 4.75%, 01/15/28 *(a)* | 150000 | 152364 |
| 1.80%, 10/15/30 *(a)* | 35000 | 31508 |
| 5.63%, 05/15/56 *(a)(b)* | 110000 | 111156 |
| **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** |
| 1.70%, 06/15/28 *(a)* | 100000 | 95669 |
| 5.00%, 05/15/29 *(a)* | 150000 | 154966 |
| 4.15%, 10/15/30 *(a)* | 90000 | 90536 |
| 4.75%, 09/30/32 *(a)* | 100000 | 103046 |
| 4.30%, 10/15/48 *(a)* | 100000 | 84881 |
| 5.05%, 10/01/54 *(a)* | 75000 | 70364 |
| **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** |
| 3.00%, 07/01/29 *(a)* | 100000 | 97360 |
| 3.95%, 09/01/32 *(a)* | 100000 | 97711 |
| 4.95%, 04/01/33 *(a)* | 100000 | 102835 |
| 5.38%, 03/30/34 *(a)* | 100000 | 104363 |
| 3.65%, 04/01/50 *(a)* | 100000 | 74522 |
| 5.70%, 12/15/55 *(a)* | 50000 | 50268 |
| **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** |
| 3.67%, 12/01/42  | 150000 | 123182 |
| 4.75%, 11/01/44 *(a)* | 75000 | 68896 |
| 3.30%, 09/01/49 *(a)* | 100000 | 70878 |
| 2.85%, 12/01/51 *(a)* | 75000 | 48346 |
| **Xcel Energy, Inc.** | **Xcel Energy, Inc.** | **Xcel Energy, Inc.** |
| 4.75%, 03/21/28 *(a)* | 75000 | 76199 |
| 4.00%, 06/15/28 *(a)* | 250000 | 250527 |
| 2.60%, 12/01/29 *(a)* | 100000 | 94909 |
| 3.40%, 06/01/30 *(a)* | 100000 | 97111 |
| 4.60%, 06/01/32 *(a)* | 200000 | 201500 |
| 5.45%, 08/15/33 *(a)* | 150000 | 156544 |
| 5.50%, 03/15/34 *(a)* | 150000 | 156543 |
| 5.60%, 04/15/35 *(a)* | 150000 | 156834 |
| 3.50%, 12/01/49 *(a)* | 100000 | 73001 |
|  |  | **126339970** |
| ***Natural Gas 0.2%***  | ***Natural Gas 0.2%***  | ***Natural Gas 0.2%***  |
| **Atmos Energy Corp.** | **Atmos Energy Corp.** | **Atmos Energy Corp.** |
| 3.00%, 06/15/27 *(a)* | 100000 | 99221 |
| 2.63%, 09/15/29 *(a)* | 125000 | 120086 |
| 1.50%, 01/15/31 *(a)* | 150000 | 133578 |
| 5.90%, 11/15/33 *(a)* | 150000 | 164079 |

---

*See financial notes*

**78**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.20%, 08/15/35 *(a)* | 90000 | 93974 |
| 4.15%, 01/15/43 *(a)* | 100000 | 87660 |
| 4.13%, 10/15/44 *(a)* | 175000 | 150731 |
| 4.30%, 10/01/48 *(a)* | 100000 | 84727 |
| 4.13%, 03/15/49 *(a)* | 100000 | 82389 |
| 3.38%, 09/15/49 *(a)* | 100000 | 71887 |
| 2.85%, 02/15/52 *(a)* | 150000 | 96784 |
| 5.75%, 10/15/52 *(a)* | 100000 | 102884 |
| 6.20%, 11/15/53 *(a)* | 100000 | 110434 |
| 5.00%, 12/15/54 *(a)* | 100000 | 92297 |
| 5.45%, 01/15/56 *(a)* | 100000 | 98848 |
| **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** |
| 5.25%, 03/01/28 *(a)* | 200000 | 205346 |
| 4.00%, 04/01/28 *(a)* | 100000 | 100260 |
| 1.75%, 10/01/30 *(a)* | 100000 | 90208 |
| 5.40%, 07/01/34 *(a)* | 75000 | 78428 |
| 5.85%, 01/15/41 *(a)* | 100000 | 105900 |
| **National Grid USA** | **National Grid USA** | **National Grid USA** |
| 5.80%, 04/01/35  | 75000 | 79764 |
| **NiSource, Inc.** | **NiSource, Inc.** | **NiSource, Inc.** |
| 3.49%, 05/15/27 *(a)* | 250000 | 248745 |
| 5.25%, 03/30/28 *(a)* | 200000 | 205058 |
| 5.20%, 07/01/29 *(a)* | 150000 | 155329 |
| 2.95%, 09/01/29 *(a)* | 100000 | 96655 |
| 3.60%, 05/01/30 *(a)* | 150000 | 147240 |
| 1.70%, 02/15/31 *(a)* | 150000 | 133032 |
| 5.40%, 06/30/33 *(a)* | 75000 | 78610 |
| 5.35%, 04/01/34 *(a)* | 100000 | 104455 |
| 5.35%, 07/15/35 *(a)* | 150000 | 154929 |
| 5.95%, 06/15/41 *(a)* | 75000 | 78647 |
| 5.25%, 02/15/43 *(a)* | 95000 | 92719 |
| 4.80%, 02/15/44 *(a)* | 159000 | 145258 |
| 5.65%, 02/01/45 *(a)* | 100000 | 100998 |
| 4.38%, 05/15/47 *(a)* | 200000 | 169338 |
| 3.95%, 03/30/48 *(a)* | 150000 | 118401 |
| 5.00%, 06/15/52 *(a)* | 75000 | 66646 |
| 6.95%, 11/30/54 *(a)(b)* | 75000 | 78449 |
| 6.38%, 03/31/55 *(a)(b)* | 75000 | 78268 |
| 5.85%, 04/01/55 *(a)* | 275000 | 277511 |
| 5.75%, 07/15/56 *(a)(b)* | 180000 | 181265 |
| **Northwest Natural Holding Co.** | **Northwest Natural Holding Co.** | **Northwest Natural Holding Co.** |
| 7.00%, 09/15/55 *(a)(b)* | 50000 | 52291 |
| **ONE Gas, Inc.** | **ONE Gas, Inc.** | **ONE Gas, Inc.** |
| 5.10%, 04/01/29 *(a)* | 100000 | 103422 |
| 2.00%, 05/15/30 *(a)* | 100000 | 92362 |
| 4.25%, 09/01/32 *(a)* | 75000 | 75166 |
| 4.66%, 02/01/44 *(a)* | 100000 | 91605 |
| 4.50%, 11/01/48 *(a)* | 100000 | 88876 |
| **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** |
| 3.50%, 06/01/29 *(a)* | 50000 | 49351 |
| 2.50%, 03/15/31 *(a)* | 100000 | 92240 |
| 5.40%, 06/15/33 *(a)* | 100000 | 105247 |
| 5.10%, 02/15/35 *(a)* | 75000 | 76851 |
| 3.64%, 11/01/46 *(a)* | 100000 | 77170 |
| 3.35%, 06/01/50 *(a)* | 100000 | 69772 |
| 5.05%, 05/15/52 *(a)* | 50000 | 45702 |
| **Sempra** | **Sempra** | **Sempra** |
| 3.25%, 06/15/27 *(a)* | 100000 | 99126 |
| 3.40%, 02/01/28 *(a)* | 200000 | 197954 |
| 3.70%, 04/01/29 *(a)* | 150000 | 148473 |
| 5.50%, 08/01/33 *(a)* | 150000 | 158127 |
| 3.80%, 02/01/38 *(a)* | 200000 | 174774 |
| 6.00%, 10/15/39  | 150000 | 158515 |
| 4.00%, 02/01/48 *(a)* | 150000 | 116463 |
| 4.13%, 04/01/52 *(a)(b)* | 200000 | 197644 |
| 6.40%, 10/01/54 *(a)(b)* | 200000 | 204038 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.88%, 10/01/54 *(a)(b)* | 200000 | 206264 |
| 6.55%, 04/01/55 *(a)(b)* | 100000 | 102179 |
| 6.63%, 04/01/55 *(a)(b)* | 75000 | 76342 |
| 6.38%, 04/01/56 *(a)(b)* | 150000 | 153952 |
| **Southern California Gas Co.** | **Southern California Gas Co.** | **Southern California Gas Co.** |
| 2.95%, 04/15/27 *(a)* | 150000 | 148602 |
| 2.55%, 02/01/30 *(a)* | 100000 | 94923 |
| 5.20%, 06/01/33 *(a)* | 100000 | 104114 |
| 5.05%, 09/01/34 *(a)* | 100000 | 102941 |
| 5.45%, 06/15/35 *(a)* | 100000 | 105274 |
| 5.13%, 11/15/40  | 50000 | 49625 |
| 3.75%, 09/15/42 *(a)* | 75000 | 60908 |
| 4.13%, 06/01/48 *(a)* | 75000 | 59963 |
| 4.30%, 01/15/49 *(a)* | 100000 | 82729 |
| 3.95%, 02/15/50 *(a)* | 50000 | 38312 |
| 6.35%, 11/15/52 *(a)* | 100000 | 109104 |
| 5.75%, 06/01/53 *(a)* | 100000 | 100565 |
| 5.60%, 04/01/54 *(a)* | 100000 | 98423 |
| 6.00%, 06/15/55 *(a)* | 100000 | 103699 |
| **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** |
| 4.05%, 09/15/28 *(a)* | 80000 | 80258 |
| 1.75%, 01/15/31 *(a)* | 100000 | 89483 |
| 5.15%, 09/15/32 *(a)* | 100000 | 103770 |
| 5.75%, 09/15/33 *(a)* | 100000 | 106783 |
| 4.95%, 09/15/34 *(a)* | 100000 | 101742 |
| 5.10%, 09/15/35 *(a)* | 80000 | 81787 |
| 5.88%, 03/15/41 *(a)* | 125000 | 131497 |
| 4.40%, 06/01/43 *(a)* | 75000 | 65932 |
| 3.95%, 10/01/46 *(a)* | 100000 | 80077 |
| 4.40%, 05/30/47 *(a)* | 100000 | 85630 |
| 3.15%, 09/30/51 *(a)* | 75000 | 49827 |
| **Southwest Gas Corp.** | **Southwest Gas Corp.** | **Southwest Gas Corp.** |
| 2.20%, 06/15/30 *(a)* | 250000 | 231042 |
| 4.05%, 03/15/32 *(a)* | 150000 | 147073 |
| 4.15%, 06/01/49 *(a)* | 100000 | 80234 |
| **Spire Missouri, Inc.** | **Spire Missouri, Inc.** | **Spire Missouri, Inc.** |
| 5.15%, 08/15/34 *(a)* | 50000 | 51832 |
| 3.30%, 06/01/51 *(a)* | 100000 | 69912 |
| **Spire, Inc.** | **Spire, Inc.** | **Spire, Inc.** |
| 4.60%, 09/01/31 *(a)* | 150000 | 151266 |
| 6.25%, 06/01/56 *(a)(b)* | 80000 | 80541 |
| 6.45%, 06/01/56 *(a)(b)* | 80000 | 81954 |
| **Washington Gas Light Co.** | **Washington Gas Light Co.** | **Washington Gas Light Co.** |
| 3.80%, 09/15/46 *(a)* | 100000 | 79989 |
| 3.65%, 09/15/49 *(a)* | 75000 | 56033 |
|  |  | **11240788** |
| ***Utility Other 0.0%***  | ***Utility Other 0.0%***  | ***Utility Other 0.0%***  |
| **American Water Capital Corp.** | **American Water Capital Corp.** | **American Water Capital Corp.** |
| 3.75%, 09/01/28 *(a)* | 240000 | 239791 |
| 3.45%, 06/01/29 *(a)* | 300000 | 296220 |
| 2.30%, 06/01/31 *(a)* | 200000 | 183100 |
| 5.15%, 03/01/34 *(a)* | 100000 | 104035 |
| 5.25%, 03/01/35 *(a)* | 150000 | 156046 |
| 6.59%, 10/15/37  | 150000 | 173073 |
| 4.00%, 12/01/46 *(a)* | 50000 | 40382 |
| 3.75%, 09/01/47 *(a)* | 200000 | 155990 |
| 4.20%, 09/01/48 *(a)* | 100000 | 83016 |
| 4.15%, 06/01/49 *(a)* | 150000 | 122090 |
| 3.45%, 05/01/50 *(a)* | 100000 | 72429 |
| 3.25%, 06/01/51 *(a)* | 200000 | 138778 |
| 5.45%, 03/01/54 *(a)* | 100000 | 98664 |
| 5.70%, 09/01/55 *(a)* | 200000 | 202636 |
| **Essential Utilities, Inc.** | **Essential Utilities, Inc.** | **Essential Utilities, Inc.** |
| 4.80%, 08/15/27 *(a)* | 100000 | 101150 |
| 3.57%, 05/01/29 *(a)* | 75000 | 73962 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**79**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.70%, 04/15/30 *(a)* | 100000 | 94678 |
| 2.40%, 05/01/31 *(a)* | 50000 | 45676 |
| 5.38%, 01/15/34 *(a)* | 100000 | 104167 |
| 5.25%, 08/15/35 *(a)* | 150000 | 154012 |
| 4.28%, 05/01/49 *(a)* | 100000 | 82712 |
| 3.35%, 04/15/50 *(a)* | 100000 | 70309 |
| 5.30%, 05/01/52 *(a)* | 100000 | 94502 |
| **United Utilities PLC** | **United Utilities PLC** | **United Utilities PLC** |
| 6.88%, 08/15/28  | 100000 | 106488 |
|  |  | **2993906** |
|  |  | **140574664** |
| **Total Corporates** <br>**(Cost $1,479,787,855)** | **Total Corporates** <br>**(Cost $1,479,787,855)** | **1414638833** |
| **TREASURIES** 45.7% OF NET ASSETS | **TREASURIES** 45.7% OF NET ASSETS | **TREASURIES** 45.7% OF NET ASSETS |
| **U.S. Treasury Bonds** | **U.S. Treasury Bonds** | **U.S. Treasury Bonds** |
| 6.38%, 08/15/27  | 743300 | 774353 |
| 6.13%, 11/15/27  | 1509500 | 1577162 |
| 5.50%, 08/15/28  | 280000 | 293847 |
| 5.25%, 11/15/28  | 1588100 | 1663845 |
| 5.25%, 02/15/29  | 795300 | 838172 |
| 6.13%, 08/15/29  | 900000 | 978363 |
| 6.25%, 05/15/30  | 950000 | 1052236 |
| 5.38%, 02/15/31  | 1460000 | 1581134 |
| 4.50%, 02/15/36  | 1559700 | 1637563 |
| 4.75%, 02/15/37  | 895000 | 956042 |
| 5.00%, 05/15/37  | 1698000 | 1852943 |
| 4.38%, 02/15/38  | 1308600 | 1349289 |
| 4.50%, 05/15/38  | 1502000 | 1563371 |
| 3.50%, 02/15/39  | 1749300 | 1635322 |
| 4.25%, 05/15/39  | 2919500 | 2933641 |
| 4.50%, 08/15/39  | 2257300 | 2317436 |
| 4.38%, 11/15/39  | 2411900 | 2440541 |
| 4.63%, 02/15/40  | 3185600 | 3301576 |
| 1.13%, 05/15/40  | 8209000 | 5392928 |
| 4.38%, 05/15/40  | 2413000 | 2433171 |
| 1.13%, 08/15/40  | 10533000 | 6853033 |
| 3.88%, 08/15/40  | 3244100 | 3087978 |
| 1.38%, 11/15/40  | 11199000 | 7526953 |
| 4.25%, 11/15/40  | 2308600 | 2286777 |
| 1.88%, 02/15/41  | 11950000 | 8631074 |
| 4.75%, 02/15/41  | 2200000 | 2297109 |
| 2.25%, 05/15/41  | 9050000 | 6878707 |
| 4.38%, 05/15/41  | 1863700 | 1866030 |
| 1.75%, 08/15/41  | 13300000 | 9292336 |
| 3.75%, 08/15/41  | 2103600 | 1952404 |
| 2.00%, 11/15/41  | 11300000 | 8160719 |
| 3.13%, 11/15/41  | 2381600 | 2030872 |
| 2.38%, 02/15/42  | 8800000 | 6694875 |
| 3.13%, 02/15/42  | 2430900 | 2063796 |
| 3.00%, 05/15/42  | 2505300 | 2082139 |
| 3.25%, 05/15/42  | 8100000 | 6966000 |
| 2.75%, 08/15/42  | 2668100 | 2129060 |
| 3.38%, 08/15/42  | 6600000 | 5753859 |
| 2.75%, 11/15/42  | 4010800 | 3184513 |
| 4.00%, 11/15/42  | 7000000 | 6606797 |
| 3.13%, 02/15/43  | 3282900 | 2743273 |
| 3.88%, 02/15/43  | 6600000 | 6117375 |
| 2.88%, 05/15/43  | 5372800 | 4310413 |
| 3.88%, 05/15/43  | 6600000 | 6102422 |
| 3.63%, 08/15/43  | 4042900 | 3602919 |
| 4.38%, 08/15/43  | 6700000 | 6592695 |
| 3.75%, 11/15/43  | 3902900 | 3529075 |
| 4.75%, 11/15/43  | 7550000 | 7774141 |
| 3.63%, 02/15/44  | 4262900 | 3781326 |
| 4.50%, 02/15/44  | 8050000 | 8027359 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.38%, 05/15/44  | 3893600 | 3323857 |
| 4.63%, 05/15/44  | 7750000 | 7840820 |
| 3.13%, 08/15/44  | 5288200 | 4334258 |
| 4.13%, 08/15/44  | 8224000 | 7790313 |
| 3.00%, 11/15/44  | 4553600 | 3647505 |
| 4.63%, 11/15/44  | 8050000 | 8127984 |
| 2.50%, 02/15/45  | 5807000 | 4263608 |
| 4.75%, 02/15/45  | 8100000 | 8305031 |
| 3.00%, 05/15/45  | 2868600 | 2285467 |
| 5.00%, 05/15/45  | 7850000 | 8300148 |
| 2.88%, 08/15/45  | 3588200 | 2790667 |
| 4.88%, 08/15/45  | 8150000 | 8479184 |
| 3.00%, 11/15/45  | 2618600 | 2073604 |
| 4.63%, 11/15/45  | 9001000 | 9062179 |
| 2.50%, 02/15/46  | 4800000 | 3470625 |
| 4.63%, 02/15/46  | 3500000 | 3525156 |
| 2.50%, 05/15/46  | 4717800 | 3398659 |
| 2.25%, 08/15/46  | 6295800 | 4309180 |
| 2.88%, 11/15/46  | 2598900 | 1992016 |
| 3.00%, 02/15/47  | 5100000 | 3983578 |
| 3.00%, 05/15/47  | 4200000 | 3270422 |
| 2.75%, 08/15/47  | 6475000 | 4802629 |
| 2.75%, 11/15/47  | 6300000 | 4660523 |
| 3.00%, 02/15/48  | 7050000 | 5444473 |
| 3.13%, 05/15/48  | 7400000 | 5830969 |
| 3.00%, 08/15/48  | 7750000 | 5955391 |
| 3.38%, 11/15/48  | 8300000 | 6807297 |
| 3.00%, 02/15/49  | 8500000 | 6500508 |
| 2.88%, 05/15/49  | 8750000 | 6519434 |
| 2.25%, 08/15/49  | 8000000 | 5221875 |
| 2.38%, 11/15/49  | 7500000 | 5015625 |
| 2.00%, 02/15/50  | 9570000 | 5854896 |
| 1.25%, 05/15/50  | 10950000 | 5488688 |
| 1.38%, 08/15/50  | 12301000 | 6335976 |
| 1.63%, 11/15/50  | 12901000 | 7082447 |
| 1.88%, 02/15/51  | 16050000 | 9367934 |
| 2.38%, 05/15/51  | 14150000 | 9292570 |
| 2.00%, 08/15/51  | 13950000 | 8347113 |
| 1.88%, 11/15/51  | 13300000 | 7679711 |
| 2.25%, 02/15/52  | 11850000 | 7499754 |
| 2.88%, 05/15/52  | 11299000 | 8212078 |
| 3.00%, 08/15/52  | 10800000 | 8045156 |
| 4.00%, 11/15/52  | 10700000 | 9616625 |
| 3.63%, 02/15/53  | 10550000 | 8859527 |
| 3.63%, 05/15/53  | 10800000 | 9063563 |
| 4.13%, 08/15/53  | 11519000 | 10570482 |
| 4.75%, 11/15/53  | 12150000 | 12349336 |
| 4.25%, 02/15/54  | 12725000 | 11922729 |
| 4.63%, 05/15/54  | 12850000 | 12811852 |
| 4.25%, 08/15/54  | 12700000 | 11902281 |
| 4.50%, 11/15/54  | 12750000 | 12458145 |
| 4.63%, 02/15/55  | 13000000 | 12968516 |
| 4.75%, 05/15/55  | 13050000 | 13284492 |
| 4.75%, 08/15/55  | 13050000 | 13292648 |
| 4.63%, 11/15/55  | 16600000 | 16575359 |
| 4.75%, 02/15/56  | 4000000 | 4076563 |
| **U.S. Treasury Notes** | **U.S. Treasury Notes** | **U.S. Treasury Notes** |
| 4.25%, 03/15/27  | 10000000 | 10075586 |
| 0.63%, 03/31/27  | 3850000 | 3734425 |
| 2.50%, 03/31/27  | 8800000 | 8707703 |
| 3.88%, 03/31/27  | 13500000 | 13553262 |
| 4.50%, 04/15/27  | 11000000 | 11120957 |
| 0.50%, 04/30/27  | 7400000 | 7152418 |
| 2.75%, 04/30/27  | 8550000 | 8479362 |
| 3.75%, 04/30/27  | 12500000 | 12537353 |
| 2.38%, 05/15/27  | 10000000 | 9869727 |
| 4.50%, 05/15/27  | 10000000 | 10118359 |
| 0.50%, 05/31/27  | 5800000 | 5591902 |

---

*See financial notes*

**80**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.63%, 05/31/27  | 8700000 | 8609602 |
| 3.88%, 05/31/27  | 12600000 | 12661031 |
| 4.63%, 06/15/27  | 11500000 | 11666660 |
| 0.50%, 06/30/27  | 6500000 | 6252441 |
| 3.25%, 06/30/27  | 8200000 | 8178699 |
| 3.75%, 06/30/27  | 12500000 | 12547852 |
| 4.38%, 07/15/27  | 10300000 | 10427744 |
| 0.38%, 07/31/27  | 8000000 | 7664375 |
| 2.75%, 07/31/27  | 10050000 | 9954603 |
| 3.88%, 07/31/27  | 13500000 | 13580156 |
| 2.25%, 08/15/27  | 8042000 | 7907862 |
| 3.75%, 08/15/27  | 10350000 | 10395281 |
| 0.50%, 08/31/27  | 6600000 | 6321176 |
| 3.13%, 08/31/27  | 8500000 | 8462314 |
| 3.63%, 08/31/27  | 12500000 | 12534180 |
| 3.38%, 09/15/27  | 10700000 | 10691223 |
| 0.38%, 09/30/27  | 8400000 | 8011008 |
| 3.50%, 09/30/27  | 17100000 | 17119705 |
| 4.13%, 09/30/27  | 7900000 | 7984709 |
| 3.88%, 10/15/27  | 10400000 | 10473938 |
| 0.50%, 10/31/27  | 8450000 | 8055392 |
| 3.50%, 10/31/27  | 13500000 | 13516611 |
| 4.13%, 10/31/27  | 8100000 | 8191600 |
| 2.25%, 11/15/27  | 7900000 | 7749406 |
| 4.13%, 11/15/27  | 10650000 | 10774597 |
| 0.63%, 11/30/27  | 9100000 | 8675570 |
| 3.38%, 11/30/27  | 23250000 | 23237739 |
| 3.88%, 11/30/27  | 7600000 | 7659523 |
| 4.00%, 12/15/27  | 10600000 | 10709105 |
| 0.63%, 12/31/27  | 9900000 | 9418148 |
| 3.38%, 12/31/27  | 20400000 | 20391234 |
| 3.88%, 12/31/27  | 7700000 | 7764367 |
| 4.25%, 01/15/28  | 11400000 | 11574340 |
| 0.75%, 01/31/28  | 11000000 | 10466973 |
| 3.50%, 01/31/28  | 21000000 | 21041836 |
| 2.75%, 02/15/28  | 10351000 | 10228891 |
| 4.25%, 02/15/28  | 11000000 | 11178106 |
| 1.13%, 02/29/28  | 11500000 | 11003164 |
| 3.38%, 02/29/28  | 13000000 | 12997207 |
| 4.00%, 02/29/28  | 7500000 | 7587451 |
| 3.88%, 03/15/28  | 10500000 | 10601309 |
| 1.25%, 03/31/28  | 10000000 | 9575781 |
| 3.63%, 03/31/28  | 8000000 | 8037812 |
| 3.75%, 04/15/28  | 11200000 | 11282250 |
| 1.25%, 04/30/28  | 11000000 | 10514883 |
| 3.50%, 04/30/28  | 8000000 | 8018438 |
| 2.88%, 05/15/28  | 11350000 | 11228076 |
| 3.75%, 05/15/28  | 10500000 | 10580391 |
| 1.25%, 05/31/28  | 11300000 | 10783555 |
| 3.63%, 05/31/28  | 7500000 | 7538965 |
| 3.88%, 06/15/28  | 10000000 | 10109375 |
| 1.25%, 06/30/28  | 9900000 | 9432070 |
| 4.00%, 06/30/28  | 7650000 | 7756981 |
| 3.88%, 07/15/28  | 10500000 | 10616484 |
| 1.00%, 07/31/28  | 11000000 | 10399297 |
| 4.13%, 07/31/28  | 7500000 | 7629785 |
| 2.88%, 08/15/28  | 11550000 | 11413746 |
| 3.63%, 08/15/28  | 10500000 | 10561113 |
| 1.13%, 08/31/28  | 10900000 | 10317105 |
| 4.38%, 08/31/28  | 8800000 | 9007281 |
| 3.38%, 09/15/28  | 13000000 | 12996953 |
| 1.25%, 09/30/28  | 10950000 | 10376836 |
| 4.63%, 09/30/28  | 9100000 | 9377621 |
| 3.50%, 10/15/28  | 11500000 | 11531895 |
| 1.38%, 10/31/28  | 10600000 | 10062133 |
| 4.88%, 10/31/28  | 10500000 | 10894160 |
| 3.13%, 11/15/28  | 10750000 | 10678613 |
| 3.50%, 11/15/28  | 17250000 | 17300537 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.50%, 11/30/28  | 10500000 | 9985254 |
| 4.38%, 11/30/28  | 10000000 | 10256641 |
| 3.50%, 12/15/28  | 13900000 | 13941809 |
| 1.38%, 12/31/28  | 10500000 | 9935625 |
| 3.75%, 12/31/28  | 11950000 | 12067166 |
| 3.50%, 01/15/29  | 14000000 | 14043203 |
| 1.75%, 01/31/29  | 9900000 | 9452180 |
| 4.00%, 01/31/29  | 11600000 | 11795297 |
| 2.63%, 02/15/29  | 10650000 | 10422023 |
| 3.50%, 02/15/29  | 11000000 | 11035664 |
| 1.88%, 02/28/29  | 8800000 | 8422219 |
| 4.25%, 02/28/29  | 11850000 | 12137455 |
| 2.38%, 03/31/29  | 8500000 | 8247324 |
| 4.13%, 03/31/29  | 12300000 | 12560895 |
| 2.88%, 04/30/29  | 8000000 | 7874062 |
| 4.63%, 04/30/29  | 12800000 | 13265000 |
| 2.38%, 05/15/29  | 9050000 | 8770369 |
| 2.75%, 05/31/29  | 7300000 | 7153145 |
| 4.50%, 05/31/29  | 12800000 | 13226000 |
| 3.25%, 06/30/29  | 7300000 | 7262930 |
| 4.25%, 06/30/29  | 13600000 | 13955406 |
| 2.63%, 07/31/29  | 6750000 | 6579404 |
| 4.00%, 07/31/29  | 12500000 | 12732910 |
| 1.63%, 08/15/29  | 8350000 | 7870854 |
| 3.13%, 08/31/29  | 6600000 | 6534516 |
| 3.63%, 08/31/29  | 12600000 | 12680227 |
| 3.50%, 09/30/29  | 13500000 | 13530059 |
| 3.88%, 09/30/29  | 6600000 | 6697195 |
| 4.00%, 10/31/29  | 6500000 | 6624414 |
| 4.13%, 10/31/29  | 12600000 | 12895805 |
| 1.75%, 11/15/29  | 5850000 | 5512939 |
| 3.88%, 11/30/29  | 6100000 | 6191262 |
| 4.13%, 11/30/29  | 12700000 | 13000633 |
| 3.88%, 12/31/29  | 6200000 | 6293727 |
| 4.38%, 12/31/29  | 12405000 | 12813493 |
| 3.50%, 01/31/30  | 6400000 | 6411000 |
| 4.25%, 01/31/30  | 13900000 | 14300168 |
| 1.50%, 02/15/30  | 10550000 | 9798313 |
| 4.00%, 02/28/30  | 19050000 | 19429512 |
| 3.63%, 03/31/30  | 6200000 | 6237297 |
| 4.00%, 03/31/30  | 12800000 | 13058500 |
| 3.50%, 04/30/30  | 6400000 | 6406500 |
| 3.88%, 04/30/30  | 12800000 | 12998500 |
| 0.63%, 05/15/30  | 14955000 | 13302356 |
| 3.75%, 05/31/30  | 6100000 | 6164336 |
| 4.00%, 05/31/30  | 12750000 | 13010977 |
| 3.75%, 06/30/30  | 6300000 | 6366938 |
| 3.88%, 06/30/30  | 12801000 | 13001016 |
| 3.88%, 07/31/30  | 12700000 | 12900918 |
| 4.00%, 07/31/30  | 6451000 | 6585312 |
| 0.63%, 08/15/30  | 19200000 | 16949250 |
| 3.63%, 08/31/30  | 12800000 | 12867500 |
| 4.13%, 08/31/30  | 6500000 | 6667578 |
| 3.63%, 09/30/30  | 17200000 | 17290703 |
| 4.63%, 09/30/30  | 6900000 | 7225324 |
| 3.63%, 10/31/30  | 14000000 | 14071094 |
| 4.88%, 10/31/30  | 6650000 | 7038609 |
| 0.88%, 11/15/30  | 19850000 | 17601367 |
| 3.50%, 11/30/30  | 17850000 | 17843027 |
| 4.38%, 11/30/30  | 8150000 | 8454033 |
| 3.63%, 12/31/30  | 16550000 | 16629518 |
| 3.75%, 12/31/30  | 7850000 | 7929420 |
| 3.75%, 01/31/31  | 20100000 | 20308066 |
| 4.00%, 01/31/31  | 7350000 | 7505900 |
| 1.13%, 02/15/31  | 19050000 | 17005846 |
| 3.50%, 02/28/31  | 13250000 | 13240166 |
| 4.25%, 02/28/31  | 7250000 | 7486475 |
| 4.13%, 03/31/31  | 7500000 | 7702441 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**81**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.63%, 04/30/31  | 7950000 | 8352158 |
| 1.63%, 05/15/31  | 18150000 | 16498775 |
| 4.63%, 05/31/31  | 7500000 | 7880859 |
| 4.25%, 06/30/31  | 7800000 | 8058680 |
| 4.13%, 07/31/31  | 7800000 | 8012977 |
| 1.25%, 08/15/31  | 20550000 | 18193975 |
| 3.75%, 08/31/31  | 8000000 | 8066250 |
| 3.63%, 09/30/31  | 7700000 | 7713535 |
| 4.13%, 10/31/31  | 7750000 | 7957070 |
| 1.38%, 11/15/31  | 20700000 | 18330820 |
| 4.13%, 11/30/31  | 7700000 | 7906035 |
| 4.50%, 12/31/31  | 8000000 | 8370625 |
| 4.38%, 01/31/32  | 7750000 | 8057881 |
| 1.88%, 02/15/32  | 18900000 | 17129602 |
| 4.13%, 02/29/32  | 7700000 | 7903027 |
| 4.13%, 03/31/32  | 7750000 | 7954346 |
| 4.00%, 04/30/32  | 8000000 | 8154375 |
| 2.88%, 05/15/32  | 18550000 | 17747133 |
| 4.13%, 05/31/32  | 8000000 | 8208438 |
| 4.00%, 06/30/32  | 8000000 | 8151562 |
| 4.00%, 07/31/32  | 7800000 | 7945336 |
| 2.75%, 08/15/32  | 17855000 | 16905058 |
| 3.88%, 08/31/32  | 8000000 | 8089375 |
| 3.88%, 09/30/32  | 7900000 | 7985172 |
| 3.75%, 10/31/32  | 8100000 | 8124680 |
| 4.13%, 11/15/32  | 18950000 | 19426711 |
| 3.75%, 11/30/32  | 8100000 | 8122148 |
| 3.88%, 12/31/32  | 8950000 | 9038801 |
| 4.00%, 01/31/33  | 10750000 | 10935606 |
| 3.50%, 02/15/33  | 18400000 | 18148438 |
| 3.75%, 02/28/33  | 8300000 | 8314914 |
| 3.38%, 05/15/33  | 18200000 | 17779125 |
| 3.88%, 08/15/33  | 20100000 | 20247609 |
| 4.50%, 11/15/33  | 22200000 | 23257969 |
| 4.00%, 02/15/34  | 21750000 | 22038867 |
| 4.38%, 05/15/34  | 22150000 | 22999660 |
| 3.88%, 08/15/34  | 21900000 | 21932508 |
| 4.25%, 11/15/34  | 22100000 | 22709477 |
| 4.63%, 02/15/35  | 22750000 | 24003028 |
| 4.25%, 05/15/35  | 22750000 | 23334746 |
| 4.25%, 08/15/35  | 22850000 | 23419465 |
| 4.00%, 11/15/35  | 22350000 | 22432067 |
| 4.13%, 02/15/36  | 8500000 | 8613555 |
| **Total Treasuries** <br>**(Cost $2,720,926,662)** | **Total Treasuries** <br>**(Cost $2,720,926,662)** | **2737028211** |
| **GOVERNMENT RELATED** 4.2% OF NET ASSETS | **GOVERNMENT RELATED** 4.2% OF NET ASSETS | **GOVERNMENT RELATED** 4.2% OF NET ASSETS |
| **Agency 1.1%** | **Agency 1.1%** | **Agency 1.1%** |
| **Foreign 0.6%**  | **Foreign 0.6%**  | **Foreign 0.6%**  |
| ***Austria 0.0%***  | ***Austria 0.0%***  | ***Austria 0.0%***  |
| **Oesterreichische Kontrollbank AG** | **Oesterreichische Kontrollbank AG** | **Oesterreichische Kontrollbank AG** |
| 4.75%, 05/21/27  | 500000 | 507415 |
| 3.63%, 09/09/27  | 200000 | 200416 |
| 4.25%, 03/01/28  | 250000 | 253768 |
| 4.00%, 05/28/28  | 300000 | 303438 |
| 4.13%, 01/18/29  | 300000 | 305529 |
| 3.75%, 09/05/29  | 150000 | 151278 |
| 4.50%, 01/24/30  | 200000 | 206898 |
| 3.75%, 09/10/30  | 270000 | 272165 |
| 3.75%, 01/15/31  | 200000 | 201734 |
|  |  | **2402641** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Canada 0.1%***  | ***Canada 0.1%***  | ***Canada 0.1%***  |
| **CI Financial Corp.** | **CI Financial Corp.** | **CI Financial Corp.** |
| 3.20%, 12/17/30 *(a)* | 200000 | 183268 |
| 4.10%, 06/15/51 *(a)* | 75000 | 52875 |
| **Export Development Canada** | **Export Development Canada** | **Export Development Canada** |
| 3.00%, 05/25/27  | 550000 | 546827 |
| 3.75%, 09/07/27  | 500000 | 502220 |
| 3.88%, 02/14/28  | 750000 | 756090 |
| 4.13%, 02/13/29  | 600000 | 611688 |
| 4.00%, 06/20/30  | 400000 | 407440 |
| 4.75%, 06/05/34  | 100000 | 106286 |
|  |  | **3166694** |
| ***Germany 0.3%***  | ***Germany 0.3%***  | ***Germany 0.3%***  |
| **Kreditanstalt fuer Wiederaufbau** | **Kreditanstalt fuer Wiederaufbau** | **Kreditanstalt fuer Wiederaufbau** |
| 4.38%, 03/01/27 *(i)* | 1000000 | 1008210 |
| 3.00%, 05/20/27 *(i)* | 950000 | 944613 |
| 4.00%, 06/28/27 *(i)* | 550000 | 553811 |
| 3.50%, 08/27/27 *(i)* | 300000 | 300312 |
| 3.75%, 02/15/28 *(i)* | 400000 | 402548 |
| 2.88%, 04/03/28 *(i)* | 750000 | 741900 |
| 3.88%, 05/15/28 *(i)* | 500000 | 504840 |
| 3.88%, 06/15/28 *(i)* | 1000000 | 1009870 |
| 3.50%, 08/09/28 *(i)* | 530000 | 531685 |
| 4.00%, 03/15/29 *(i)* | 1000000 | 1016970 |
| 1.75%, 09/14/29 *(i)* | 400000 | 377644 |
| 4.63%, 03/18/30 *(i)* | 600000 | 625578 |
| 3.75%, 07/15/30 *(i)* | 750000 | 757432 |
| 0.75%, 09/30/30 *(i)* | 400000 | 353640 |
| 4.75%, 10/29/30 *(i)* | 400000 | 420920 |
| 3.75%, 03/14/31 *(i)* | 1000000 | 1009470 |
| 4.13%, 07/15/33 *(i)* | 750000 | 766492 |
| 4.38%, 02/28/34 *(i)* | 500000 | 518575 |
| 2.14%, 04/18/36 *(i)(j)* | 300000 | 200346 |
| 2.63%, 06/29/37 *(i)(j)* | 450000 | 284189 |
| **Landwirtschaftliche Rentenbank** | **Landwirtschaftliche Rentenbank** | **Landwirtschaftliche Rentenbank** |
| 3.88%, 09/28/27 *(i)* | 250000 | 251608 |
| 2.50%, 11/15/27 *(i)* | 250000 | 246113 |
| 3.88%, 06/14/28 *(i)* | 200000 | 201890 |
| 4.63%, 04/17/29 *(i)* | 300000 | 310314 |
| 4.13%, 05/28/30 *(i)* | 300000 | 307020 |
| 0.88%, 09/03/30 *(i)* | 500000 | 445330 |
| 3.63%, 10/08/30 *(i)* | 250000 | 251018 |
| 5.00%, 10/24/33 *(i)* | 150000 | 161669 |
|  |  | **14504007** |
| ***Japan 0.1%***  | ***Japan 0.1%***  | ***Japan 0.1%***  |
| **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** |
| 2.88%, 06/01/27  | 200000 | 198212 |
| 2.88%, 07/21/27  | 200000 | 198026 |
| 4.63%, 07/22/27  | 300000 | 304026 |
| 4.38%, 10/05/27  | 200000 | 202396 |
| 2.75%, 11/16/27  | 250000 | 246502 |
| 4.63%, 07/19/28  | 300000 | 307179 |
| 3.25%, 07/20/28  | 200000 | 198548 |
| 4.88%, 10/18/28  | 200000 | 206530 |
| 3.50%, 10/31/28  | 200000 | 199608 |
| 2.13%, 02/16/29  | 250000 | 239690 |
| 2.00%, 10/17/29  | 200000 | 188866 |
| 1.25%, 01/21/31  | 250000 | 222765 |
| 1.88%, 04/15/31  | 700000 | 639191 |
| 4.63%, 04/17/34  | 200000 | 207696 |
| 4.38%, 01/23/36  | 250000 | 252680 |

---

*See financial notes*

**82**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Japan International Cooperation Agency** | **Japan International Cooperation Agency** | **Japan International Cooperation Agency** |
| 2.75%, 04/27/27  | 200000 | 198056 |
| 4.00%, 05/23/28  | 250000 | 251815 |
| 4.75%, 05/21/29  | 200000 | 206538 |
| 4.25%, 05/22/30  | 200000 | 203878 |
| 1.00%, 07/22/30  | 380000 | 338067 |
| 1.75%, 04/28/31  | 200000 | 180854 |
|  |  | **5191123** |
| ***Norway 0.0%***  | ***Norway 0.0%***  | ***Norway 0.0%***  |
| **Equinor ASA** | **Equinor ASA** | **Equinor ASA** |
| 3.00%, 04/06/27 *(a)* | 200000 | 198828 |
| 7.25%, 09/23/27  | 200000 | 210812 |
| 4.25%, 06/02/28 *(a)* | 150000 | 151659 |
| 3.63%, 09/10/28 *(a)* | 300000 | 300072 |
| 3.13%, 04/06/30 *(a)* | 250000 | 242572 |
| 2.38%, 05/22/30 *(a)* | 100000 | 93984 |
| 5.13%, 06/03/35 *(a)* | 150000 | 155898 |
| 4.75%, 11/14/35 *(a)* | 180000 | 181154 |
| 3.63%, 04/06/40 *(a)* | 100000 | 86400 |
| 5.10%, 08/17/40  | 114000 | 114638 |
| 4.25%, 11/23/41  | 100000 | 90071 |
| 3.95%, 05/15/43  | 150000 | 127841 |
| 4.80%, 11/08/43  | 100000 | 95053 |
| 3.25%, 11/18/49 *(a)* | 300000 | 214767 |
| 3.70%, 04/06/50 *(a)* | 250000 | 193453 |
|  |  | **2457202** |
| ***Republic of Korea 0.1%***  | ***Republic of Korea 0.1%***  | ***Republic of Korea 0.1%***  |
| **Export-Import Bank of Korea** | **Export-Import Bank of Korea** | **Export-Import Bank of Korea** |
| 4.25%, 09/15/27  | 200000 | 201858 |
| 4.13%, 10/17/27  | 200000 | 201624 |
| 5.00%, 01/11/28  | 400000 | 409804 |
| 4.63%, 01/14/28  | 200000 | 203664 |
| 5.13%, 09/18/28  | 200000 | 207250 |
| 4.50%, 01/11/29  | 200000 | 204916 |
| 3.75%, 01/13/29  | 200000 | 200922 |
| 4.00%, 09/11/29  | 200000 | 202658 |
| 4.88%, 01/14/30  | 200000 | 208376 |
| 1.25%, 09/21/30  | 250000 | 224450 |
| 3.88%, 01/13/31  | 200000 | 201614 |
| 2.13%, 01/18/32  | 250000 | 227990 |
| 5.13%, 01/11/33  | 200000 | 212556 |
| 4.63%, 01/11/34  | 200000 | 206636 |
| 5.25%, 01/14/35  | 200000 | 215200 |
| 2.50%, 06/29/41  | 200000 | 153686 |
| **Korea Development Bank** | **Korea Development Bank** | **Korea Development Bank** |
| 2.25%, 02/24/27  | 200000 | 197352 |
| 4.63%, 02/03/28  | 200000 | 203698 |
| 4.38%, 02/15/28  | 200000 | 202798 |
| 3.75%, 01/28/29  | 200000 | 201008 |
| 4.50%, 02/15/29  | 500000 | 512710 |
| 4.88%, 02/03/30  | 200000 | 208336 |
| 3.75%, 09/16/30  | 200000 | 200314 |
| 4.00%, 01/28/31  | 200000 | 202752 |
| 2.00%, 10/25/31  | 250000 | 228050 |
| 4.25%, 09/08/32  | 250000 | 255922 |
| 4.38%, 02/15/33  | 200000 | 203600 |
| 5.63%, 10/23/33  | 200000 | 219950 |
|  |  | **6319694** |
| ***Sweden 0.0%***  | ***Sweden 0.0%***  | ***Sweden 0.0%***  |
| **Svensk Exportkredit AB** | **Svensk Exportkredit AB** | **Svensk Exportkredit AB** |
| 2.25%, 03/22/27  | 250000 | 246535 |
| 3.88%, 08/04/27  | 200000 | 201012 |
| 3.75%, 09/13/27  | 300000 | 301101 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.75%, 05/08/28  | 500000 | 502400 |
| 4.25%, 02/01/29  | 200000 | 204152 |
| 3.75%, 07/29/30  | 200000 | 201330 |
| 4.88%, 10/04/30  | 500000 | 526635 |
|  |  | **2183165** |
|  |  | **36224526** |
| **U.S. 0.5%** | **U.S. 0.5%** | **U.S. 0.5%** |
| **Federal Farm Credit Banks Funding Corp.** |  |  |
| 4.50%, 03/26/27  | 1000000 | 1010410 |
| 4.00%, 01/06/28  | 500000 | 504890 |
| 4.13%, 03/20/29  | 1000000 | 1019070 |
| **Federal Home Loan Banks** |  |  |
| 4.00%, 06/30/28  | 3500000 | 3548370 |
| 3.25%, 11/16/28  | 2850000 | 2842333 |
| 4.75%, 12/08/28  | 1500000 | 1552575 |
| 4.13%, 06/14/30  | 750000 | 767520 |
| 4.75%, 03/10/34  | 1500000 | 1582770 |
| 5.50%, 07/15/36  | 330000 | 368696 |
| **Federal Home Loan Mortgage Corp.** |  |  |
| 6.75%, 03/15/31  | 200000 | 229302 |
| 6.25%, 07/15/32  | 1100000 | 1257333 |
| **Federal National Mortgage Association** |  |  |
| 0.75%, 10/08/27  | 1750000 | 1678040 |
| 6.03%, 10/08/27  | 164000 | 170575 |
| 7.25%, 05/15/30  | 1000000 | 1146440 |
| 0.88%, 08/05/30  | 6214000 | 5556683 |
| 6.63%, 11/15/30  | 2180000 | 2469918 |
| 5.63%, 07/15/37  | 500000 | 563320 |
| **Private Export Funding Corp.** |  |  |
| 1.40%, 07/15/28  | 100000 | 95180 |
| **Tennessee Valley Authority** |  |  |
| 4.65%, 06/15/35  | 655000 | 685530 |
| 4.63%, 09/15/60  | 150000 | 138960 |
|  |  | **27187915** |
|  |  | **63412441** |
| **Local Authority 0.7%** | **Local Authority 0.7%** | **Local Authority 0.7%** |
| **Foreign 0.3%**  | **Foreign 0.3%**  | **Foreign 0.3%**  |
| ***Canada 0.3%***  | ***Canada 0.3%***  | ***Canada 0.3%***  |
| **Hydro-Quebec** | **Hydro-Quebec** | **Hydro-Quebec** |
| 8.50%, 12/01/29  | 100000 | 116407 |
| **Province of Alberta** | **Province of Alberta** | **Province of Alberta** |
| 3.30%, 03/15/28  | 200000 | 199174 |
| 4.50%, 06/26/29  | 250000 | 257320 |
| 1.30%, 07/22/30  | 450000 | 407758 |
| 4.50%, 01/24/34  | 200000 | 206100 |
| 4.30%, 11/02/35  | 300000 | 302184 |
| **Province of British Columbia** | **Province of British Columbia** | **Province of British Columbia** |
| 4.70%, 01/24/28  | 700000 | 715295 |
| 4.80%, 11/15/28  | 400000 | 413320 |
| 4.90%, 04/24/29  | 400000 | 416160 |
| 3.90%, 08/27/30  | 500000 | 505460 |
| 1.30%, 01/29/31  | 500000 | 446605 |
| 4.20%, 07/06/33  | 450000 | 455206 |
| 4.75%, 06/12/34  | 350000 | 366065 |
| 4.80%, 06/11/35  | 500000 | 522505 |
| **Province of Manitoba** | **Province of Manitoba** | **Province of Manitoba** |
| 1.50%, 10/25/28  | 150000 | 142394 |
| 4.30%, 07/27/33  | 200000 | 203142 |
| 4.90%, 05/31/34  | 150000 | 158240 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**83**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Province of New Brunswick** | **Province of New Brunswick** | **Province of New Brunswick** |
| 3.63%, 02/24/28  | 150000 | 149873 |
| **Province of Ontario** | **Province of Ontario** | **Province of Ontario** |
| 3.10%, 05/19/27  | 400000 | 398088 |
| 1.05%, 05/21/27  | 450000 | 436851 |
| 4.20%, 01/18/29  | 500000 | 509540 |
| 3.80%, 01/29/29  | 500000 | 504140 |
| 3.70%, 09/17/29  | 400000 | 401828 |
| 2.00%, 10/02/29  | 400000 | 379144 |
| 4.70%, 01/15/30  | 600000 | 623922 |
| 3.90%, 09/04/30  | 500000 | 505660 |
| 1.13%, 10/07/30  | 500000 | 447110 |
| 1.60%, 02/25/31  | 250000 | 226450 |
| 1.80%, 10/14/31  | 500000 | 450735 |
| 2.13%, 01/21/32  | 200000 | 182264 |
| 5.05%, 04/24/34  | 450000 | 480694 |
| 4.85%, 06/11/35  | 250000 | 262750 |
| 4.45%, 11/20/35  | 350000 | 356587 |
| **Province of Quebec** | **Province of Quebec** | **Province of Quebec** |
| 2.75%, 04/12/27  | 200000 | 198288 |
| 3.63%, 04/13/28  | 600000 | 601338 |
| 4.50%, 04/03/29  | 650000 | 668128 |
| 7.50%, 09/15/29  | 421000 | 475098 |
| 1.35%, 05/28/30  | 250000 | 227315 |
| 3.88%, 01/14/31  | 900000 | 907830 |
| 1.90%, 04/21/31  | 250000 | 228845 |
| 4.50%, 09/08/33  | 200000 | 206012 |
| 4.25%, 09/05/34  | 400000 | 402612 |
| 4.63%, 08/28/35  | 350000 | 360637 |
| **Province of Saskatchewan** | **Province of Saskatchewan** | **Province of Saskatchewan** |
| 3.25%, 06/08/27  | 200000 | 199126 |
| 4.65%, 01/28/30  | 200000 | 207004 |
|  |  | **16831204** |
| **U.S. 0.4%** | **U.S. 0.4%** | **U.S. 0.4%** |
| **American Municipal Power, Inc.** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| 8.08%, 02/15/50  | 250000 | 322349 |
| **Bay Area Toll Authority** |  |  |
| RB (Build America Bonds) Series <br> 2009F2<br>|  |  |
| 6.26%, 04/01/49  | 400000 | 437276 |
| RB (Build America Bonds) Series <br> 2010S3<br>|  |  |
| 6.91%, 10/01/50  | 230000 | 264222 |
| **Board of Regents of the University of Texas** <br> **System**<br>|  |  |
| TXBL-SER A |  |  |
| 3.35%, 08/15/47 *(a)* | 250000 | 194702 |
| **California Health Facilities Financing** <br> **Authority**<br>|  |  |
| RB Series 2022 |  |  |
| 4.19%, 06/01/37 *(a)* | 50000 | 48997 |
| **California State University** |  |  |
| RB Series 2017B |  |  |
| 3.90%, 11/01/47 *(a)* | 50000 | 43356 |
| RB Series 2020B |  |  |
| 2.98%, 11/01/51 *(a)* | 200000 | 141657 |
| RB Series B |  |  |
| 5.18%, 11/01/53 *(a)* | 50000 | 49891 |
| RB Series E |  |  |
| 2.90%, 11/01/51 *(a)* | 100000 | 73617 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Chicago O'Hare International Airport** |  |  |
| RB (Build America Bonds) Series <br> 2010B<br>|  |  |
| 6.40%, 01/01/40  | 100000 | 112984 |
| Series C |  |  |
| 4.47%, 01/01/49  | 90000 | 82314 |
| **Chicago Transit Authority Sales & Transfer** <br> **Tax Receipts Revenue**<br>|  |  |
| RB (Pension Funding) Series 2008A |  |  |
| 6.90%, 12/01/40  | 660367 | 755002 |
| **City of Atlanta Water & Wastewater Revenue** |  |  |
| RB Series 2020 |  |  |
| 2.26%, 11/01/35 *(a)* | 125000 | 108716 |
| **City of Houston** |  |  |
| GO Bonds (Pension Funding) Series <br> 2017<br>|  |  |
| 3.96%, 03/01/47  | 120000 | 105701 |
| **City of New York** |  |  |
| 4.61%, 09/01/37 *(a)* | 50000 | 50800 |
| 6.27%, 12/01/37  | 200000 | 219070 |
| 6.29%, 02/01/45 *(a)* | 60000 | 64370 |
| 5.56%, 10/01/45 *(a)* | 50000 | 50961 |
| 5.37%, 10/01/51  | 100000 | 100744 |
| 6.39%, 02/01/55 *(a)* | 125000 | 134227 |
| GO Bonds Series 2023 B-1 |  |  |
| 5.83%, 10/01/53  | 200000 | 213111 |
| GO Bonds Series 2024 D-1 |  |  |
| 5.09%, 10/01/49  | 75000 | 73509 |
| GO Bonds Series 2024 D-1 |  |  |
| 5.11%, 10/01/54  | 75000 | 72774 |
| GO Bonds Series 2024 D-2 |  |  |
| 5.26%, 10/01/44 *(a)* | 200000 | 200190 |
| **City of San Antonio TX Electric & Gas** <br> **Systems Revenue**<br>|  |  |
| 5.47%, 02/01/45 *(a)* | 100000 | 104042 |
| 5.57%, 02/01/50 *(a)* | 100000 | 102908 |
| **City of San Francisco Public Utilities** <br> **Commission Water Revenue**<br>|  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| 6.95%, 11/01/50  | 150000 | 171460 |
| **Commonwealth Financing Authority** |  |  |
| Series A |  |  |
| 4.14%, 06/01/38  | 200000 | 195356 |
| **Commonwealth of Massachusetts** |  |  |
| GO (Build America Bonds) Series 2009 |  |  |
| 5.46%, 12/01/39  | 100000 | 105181 |
| Series H |  |  |
| 2.90%, 09/01/49  | 100000 | 72048 |
| **Commonwealth of Massachusetts** <br> **Transportation Fund Revenue**<br>|  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| 5.73%, 06/01/40  | 100000 | 105348 |
| **County of Broward Airport System Revenue** |  |  |
| RB Series C |  |  |
| 3.48%, 10/01/43 *(a)* | 100000 | 86750 |
| **County of Clark Department of Aviation** |  |  |
| RB (Build America Bonds) Series <br> 2010C<br>|  |  |
| 6.82%, 07/01/45  | 150000 | 171699 |
| **County of Miami-Dade FL Aviation Revenue** |  |  |
| RB Series C |  |  |
| 4.28%, 10/01/41 *(a)* | 75000 | 70879 |
| **County of Riverside** |  |  |
| 3.82%, 02/15/38  | 75000 | 73149 |

---

*See financial notes*

**84**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Dallas Area Rapid Transit** |  |  |
| Series B |  |  |
| 6.00%, 12/01/44  | 215000 | 226028 |
| **Dallas County Hospital District** |  |  |
| GO (Build America Bonds) Series C |  |  |
| 5.62%, 08/15/44  | 100000 | 101169 |
| **Dallas Fort Worth International Airport** |  |  |
| RB Series 2020C |  |  |
| 2.92%, 11/01/50  | 250000 | 182167 |
| RB Series A |  |  |
| 4.09%, 11/01/51  | 100000 | 84819 |
| Series A |  |  |
| 2.99%, 11/01/38  | 100000 | 89854 |
| Series C |  |  |
| 3.09%, 11/01/40 *(a)* | 250000 | 211070 |
| **District of Columbia Water & Sewer Authority** |  |  |
| RB Series 2014A |  |  |
| 4.81%, 10/01/14  | 100000 | 88268 |
| **East Bay Municipal Utility District Water** <br> **System Revenue**<br>|  |  |
| Water System RB (Build America <br> Bonds) Series 2010<br>|  |  |
| 5.87%, 06/01/40  | 330000 | 357313 |
| **Empire State Development Corp.** |  |  |
| RB (Build America Bonds) Series 2009 |  |  |
| 5.77%, 03/15/39  | 80000 | 82998 |
| **Foothill-Eastern Transportation Corridor** <br> **Agency**<br>|  |  |
| Series A |  |  |
| 3.92%, 01/15/53 *(a)* | 100000 | 81871 |
| **Golden State Tobacco Securitization Corp.** |  |  |
| 4.21%, 06/01/50 *(a)* | 210000 | 160551 |
| RB Series 2021 A-1 |  |  |
| 3.71%, 06/01/41 *(a)* | 100000 | 80814 |
| RB Series A |  |  |
| 3.12%, 06/01/38 *(a)* | 35000 | 30059 |
| **Grand Parkway Transportation Corp.** |  |  |
| RB Series 2013E |  |  |
| 5.18%, 10/01/42  | 100000 | 104522 |
| Series B |  |  |
| 3.24%, 10/01/52 *(a)* | 250000 | 182574 |
| **Health & Educational Facilities Authority of** <br> **the State of Missouri**<br>|  |  |
| 3.23%, 05/15/50 *(a)* | 150000 | 110369 |
| **Illinois State Toll Highway Authority** |  |  |
| RB (Build America Bonds) Series A |  |  |
| 6.18%, 01/01/34  | 100000 | 108831 |
| **Indiana Finance Authority** |  |  |
| RB Series 2021 |  |  |
| 3.05%, 01/01/51  | 75000 | 56217 |
| **JobsOhio Beverage System** |  |  |
| RB Series 2013 B |  |  |
| 4.53%, 01/01/35  | 275000 | 284473 |
| **Kansas Development Finance Authority** |  |  |
| RB Series H |  |  |
| 4.93%, 04/15/45  | 100000 | 99435 |
| **Los Angeles County Public Works Financing** <br> **Authority**<br>|  |  |
| 7.62%, 08/01/40  | 100000 | 121053 |
| **Los Angeles Department of Water & Power** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| 6.57%, 07/01/45  | 200000 | 220148 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Louisiana Local Government Environmental** <br> **Facilities & Community Development** <br> **Authority**<br>|  |  |
| RB Series 2022 A |  |  |
| 4.48%, 08/01/39 *(a)* | 100000 | 98717 |
| RB Series 2023 |  |  |
| 5.05%, 12/01/34 *(a)* | 250000 | 261720 |
| RB Series A |  |  |
| 4.15%, 02/01/33 *(a)* | 250000 | 252429 |
| Series 2022-ELL, Class A3 |  |  |
| 4.28%, 02/01/36 *(a)* | 200000 | 200777 |
| **Maryland Economic Development Corp.** |  |  |
| 5.43%, 05/31/56  | 100000 | 100418 |
| RB Series 2024 |  |  |
| 5.94%, 05/31/57 *(a)* | 75000 | 77236 |
| **Maryland Health & Higher Educational** <br> **Facilities Authority**<br>|  |  |
| RB Series D |  |  |
| 3.05%, 07/01/40 *(a)* | 150000 | 122400 |
| RB Series D |  |  |
| 3.20%, 07/01/50  | 150000 | 107668 |
| **Massachusetts School Building Authority** |  |  |
| RB Series 2010 |  |  |
| 5.72%, 08/15/39  | 150000 | 159477 |
| **Metropolitan Transportation Authority** <br> **Dedicated Tax Fund**<br>|  |  |
| RB (Build America Bonds) Series C |  |  |
| 7.34%, 11/15/39  | 175000 | 210595 |
| **Metropolitan Washington Airports Authority** <br> **Dulles Toll Road Revenue**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| 7.46%, 10/01/46  | 100000 | 121906 |
| **Michigan Finance Authority** |  |  |
| RB Series 2019 |  |  |
| 3.38%, 12/01/40  | 200000 | 174329 |
| **Michigan State University** |  |  |
| RB Series A |  |  |
| 4.17%, 08/15/22 *(a)* | 75000 | 56598 |
| **Municipal Electric Authority of Georgia** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| 6.66%, 04/01/57  | 138000 | 153678 |
| RB (Build America Bonds) Series A |  |  |
| 6.64%, 04/01/57  | 138000 | 153130 |
| RB Series B |  |  |
| 7.06%, 04/01/57  | 287000 | 333475 |
| **New Jersey Economic Development** <br> **Authority**<br>|  |  |
| Series A |  |  |
| 7.43%, 02/15/29  | 185000 | 195528 |
| **New Jersey Transportation Trust Fund** <br> **Authority**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| 6.56%, 12/15/40  | 150000 | 171884 |
| **New Jersey Turnpike Authority** |  |  |
| RB (Build America Bonds) Series 2009F |  |  |
| 7.41%, 01/01/40  | 350000 | 427898 |
| RB (Build America Bonds) Series <br> 2010A<br>|  |  |
| 7.10%, 01/01/41  | 350000 | 417983 |
| **New York City Municipal Water Finance** <br> **Authority**<br>|  |  |
| RB (Build America Bonds) Series GG |  |  |
| 5.72%, 06/15/42  | 125000 | 128345 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**85**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Water System RB (Build America <br> Bonds)<br>|  |  |
| 6.01%, 06/15/42  | 250000 | 264975 |
| Water System RB (Build America <br> Bonds) Series 2011CC<br>|  |  |
| 5.88%, 06/15/44  | 100000 | 103479 |
| Water System RB (Build America <br> Bonds) Series AA-2-2009<br>|  |  |
| 5.75%, 06/15/41  | 100000 | 102620 |
| **New York State Dormitory Authority** |  |  |
| 5.23%, 07/01/35  | 210000 | 223547 |
| RB (Build America Bonds) Series 2010 |  |  |
| 5.60%, 03/15/40  | 50000 | 52275 |
| RB Series 2009F |  |  |
| 5.63%, 03/15/39  | 100000 | 104145 |
| **North Texas Tollway Authority** |  |  |
| RB (Build America Bonds) Series <br> 2009B<br>|  |  |
| 6.72%, 01/01/49  | 150000 | 170019 |
| **Ohio State University** |  |  |
| 4.80%, 06/01/11  | 25000 | 21584 |
| **Oklahoma Development Finance Authority** |  |  |
| 4.62%, 06/01/44  | 100000 | 99868 |
| 4.85%, 02/01/45  | 100000 | 101135 |
| RB Series 2022 |  |  |
| 4.38%, 11/01/45 *(a)* | 150000 | 146673 |
| **Oregon School Boards Association** |  |  |
| 5.68%, 06/30/28  | 74754 | 76296 |
| **Pennsylvania State University** |  |  |
| 2.84%, 09/01/50  | 150000 | 105234 |
| **Port Authority of New York & New Jersey** |  |  |
| 5.65%, 11/01/40  | 100000 | 109154 |
| Consolidated Bonds 164th Series |  |  |
| 5.65%, 11/01/40  | 150000 | 163731 |
| Consolidated Bonds 168th Series |  |  |
| 4.93%, 10/01/51  | 200000 | 193294 |
| Consolidated Bonds 174th Series |  |  |
| 4.46%, 10/01/62  | 450000 | 394509 |
| Consolidated Bonds 181st Series |  |  |
| 4.96%, 08/01/46  | 100000 | 99448 |
| Consolidated Bonds 192th Series |  |  |
| 4.81%, 10/15/65  | 170000 | 159200 |
| New Je Portrn 09/48 Fixed 4.031 |  |  |
| 4.03%, 09/01/48  | 80000 | 69175 |
| RB Series 2019 215 |  |  |
| 3.29%, 08/01/69  | 100000 | 66738 |
| RB Series 182 |  |  |
| 5.31%, 08/01/46 *(a)* | 150000 | 150181 |
| **Port of Morrow** |  |  |
| RB Series 2020 1 |  |  |
| 2.54%, 09/01/40  | 100000 | 80120 |
| **Regents of the University of California** <br> **Medical Center Pooled Revenue**<br>|  |  |
| RB (Build America Bonds) Series F |  |  |
| 6.58%, 05/15/49  | 75000 | 81893 |
| RB (Build America Bonds) Series H |  |  |
| 6.55%, 05/15/48  | 100000 | 109896 |
| RB Series 2022 Q |  |  |
| 4.56%, 05/15/53  | 100000 | 88174 |
| RB Series N |  |  |
| 3.26%, 05/15/60 *(a)* | 100000 | 67188 |
| RB Series N |  |  |
| 3.71%, 05/15/20 *(a)* | 75000 | 48842 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Regional Transportation District Sales Tax** <br> **Revenue**<br>|  |  |
| Series B |  |  |
| 5.84%, 11/01/50  | 50000 | 52138 |
| **Rutgers The State University of New Jersey** |  |  |
| Series P |  |  |
| 3.92%, 05/01/19 *(a)* | 100000 | 69094 |
| **Sales Tax Securitization Corp.** |  |  |
| RB 2021 Series B |  |  |
| 3.24%, 01/01/42  | 100000 | 84667 |
| RB Series 2017B |  |  |
| 3.59%, 01/01/43  | 15000 | 13287 |
| RB Series B |  |  |
| 3.82%, 01/01/48  | 150000 | 122345 |
| **Salt River Project Agricultural Improvement &** <br> **Power District**<br>|  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| 4.84%, 01/01/41  | 75000 | 75098 |
| **San Diego County Water Authority., Class B** |  |  |
| RB (Build America Bonds) Series <br> 2010B<br>|  |  |
| 6.14%, 05/01/49  | 100000 | 105355 |
| **San Jose Redevelopment Successor Agency** |  |  |
| Series A |  |  |
| 3.38%, 08/01/34 *(a)* | 100000 | 95776 |
| **State Board of Administration Finance Corp.** |  |  |
| RB Series 2024 A |  |  |
| 5.53%, 07/01/34 *(a)* | 200000 | 215434 |
| Series A |  |  |
| 1.71%, 07/01/27  | 400000 | 389837 |
| Series A |  |  |
| 2.15%, 07/01/30  | 600000 | 560618 |
| **State of California** |  |  |
| 4.88%, 09/01/30  | 75000 | 78787 |
| 5.75%, 10/01/31  | 75000 | 82153 |
| GO (Build America Bonds) Series 2009 |  |  |
| 7.50%, 04/01/34  | 900000 | 1063592 |
| GO (Build America Bonds) Series 2009 |  |  |
| 7.55%, 04/01/39  | 550000 | 679483 |
| GO (Build America Bonds) Series 2009 |  |  |
| 7.30%, 10/01/39  | 500000 | 594100 |
| GO (Build America Bonds) Series 2009 |  |  |
| 7.35%, 11/01/39  | 200000 | 238133 |
| GO Bonds |  |  |
| 5.13%, 03/01/38 *(a)* | 100000 | 102567 |
| GO Bonds |  |  |
| 7.60%, 11/01/40  | 300000 | 375120 |
| GO Bonds Series 2010 |  |  |
| 7.63%, 03/01/40  | 300000 | 369458 |
| GO Bonds Series 2023 |  |  |
| 6.00%, 03/01/33  | 100000 | 112237 |
| GO Bonds Series 2024 |  |  |
| 5.13%, 09/01/29  | 100000 | 105240 |
| **State of Connecticut** |  |  |
| GO Bonds Series 2008A |  |  |
| 5.85%, 03/15/32  | 350000 | 380514 |
| **State of Illinois** |  |  |
| GO (Build America Bonds) Series 2010 |  |  |
| 6.63%, 02/01/35  | 51923 | 55394 |
| GO (Build America Bonds) Series 2010 |  |  |
| 7.35%, 07/01/35  | 71429 | 78053 |
| GO Bonds (Pension Funding) Series <br> 2003<br>|  |  |
| 5.10%, 06/01/33  | 1341108 | 1389718 |

---

*See financial notes*

**86**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **State of Oregon** |  |  |
| GO Bonds (Pension Funding) Series <br> 2003<br>|  |  |
| 5.89%, 06/01/27  | 237315 | 240742 |
| **State of Texas** |  |  |
| GO Mobility Fund Bonds (Build <br> America Bonds) Series 2009A<br>|  |  |
| 5.52%, 04/01/39  | 543639 | 573120 |
| **State of Wisconsin** |  |  |
| 3.15%, 05/01/27  | 100000 | 99459 |
| **Texas Department of Transportation State** <br> **Highway Fund**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| 5.18%, 04/01/30  | 100000 | 102954 |
| **Texas Natural Gas Securitization Finance** <br> **Corp.**<br>|  |  |
| RB 2023 |  |  |
| 5.10%, 04/01/35 *(a)* | 251192 | 261687 |
| RB Series 2023 |  |  |
| 5.17%, 04/01/41 *(a)* | 350000 | 365392 |
| **Texas Private Activity Bond Surface** <br> **Transportation Corp.**<br>|  |  |
| RB Series B |  |  |
| 3.92%, 12/31/49  | 150000 | 125123 |
| **United Nations Development Corp.** |  |  |
| 6.54%, 08/01/55 *(a)* | 50000 | 54013 |
| **University of California** |  |  |
| RB Series 2015AQ |  |  |
| 4.77%, 05/15/15  | 150000 | 127432 |
| RB Series 2019 BD |  |  |
| 3.35%, 07/01/29  | 100000 | 99195 |
| RB Series 2020 BG |  |  |
| 1.32%, 05/15/27 *(a)* | 335000 | 326011 |
| RB Series AD |  |  |
| 4.86%, 05/15/12  | 193000 | 167110 |
| RB Series BG |  |  |
| 1.61%, 05/15/30 *(a)* | 250000 | 230675 |
| **University of Michigan** |  |  |
| 4.45%, 04/01/22 *(a)* | 250000 | 203600 |
| RB Series C |  |  |
| 3.60%, 04/01/47  | 200000 | 171681 |
| Series B |  |  |
| 2.44%, 04/01/40 *(a)* | 250000 | 195031 |
| **University of Pittsburgh-of the** <br> **Commonwealth System of Higher Education**<br>|  |  |
| RB Series 2019A |  |  |
| 3.56%, 09/15/19 *(a)* | 100000 | 64811 |
| **University of Virginia** |  |  |
| General Revenue Pledge and Refunding <br> Bonds, Series 2020<br>|  |  |
| 2.26%, 09/01/50 *(a)* | 400000 | 242460 |
| Series C |  |  |
| 4.18%, 09/01/17 *(a)* | 100000 | 76258 |
|  |  | **26838499** |
|  |  | **43669703** |
| **Sovereign 1.1%** | **Sovereign 1.1%** | **Sovereign 1.1%** |
| ***Canada 0.0%***  | ***Canada 0.0%***  | ***Canada 0.0%***  |
| **Canada Government International Bonds** | **Canada Government International Bonds** | **Canada Government International Bonds** |
| 3.75%, 04/26/28  | 800000 | 805440 |
| 4.63%, 04/30/29  | 750000 | 776828 |
| 4.00%, 03/18/30  | 500000 | 509460 |
|  |  | **2091728** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Chile 0.1%***  | ***Chile 0.1%***  | ***Chile 0.1%***  |
| **Chile Government International Bonds** | **Chile Government International Bonds** | **Chile Government International Bonds** |
| 3.24%, 02/06/28 *(a)* | 250000 | 246902 |
| 4.85%, 01/22/29 *(a)* | 300000 | 307575 |
| 2.45%, 01/31/31 *(a)* | 300000 | 276786 |
| 4.35%, 04/13/31 *(a)* | 200000 | 200820 |
| 2.55%, 01/27/32 *(a)* | 200000 | 181338 |
| 2.55%, 07/27/33 *(a)* | 500000 | 440055 |
| 3.50%, 01/31/34 *(a)* | 250000 | 233170 |
| 4.95%, 01/05/36 *(a)* | 400843 | 410551 |
| 5.65%, 01/13/37 *(a)* | 300000 | 322149 |
| 3.10%, 05/07/41 *(a)* | 550000 | 434725 |
| 4.34%, 03/07/42 *(a)* | 250000 | 228823 |
| 3.63%, 10/30/42  | 150000 | 125618 |
| 3.86%, 06/21/47  | 200000 | 164618 |
| 3.50%, 01/25/50 *(a)* | 500000 | 378470 |
| 4.00%, 01/31/52 *(a)* | 200000 | 163584 |
| 5.33%, 01/05/54 *(a)* | 300000 | 299226 |
| 3.10%, 01/22/61 *(a)* | 250000 | 161743 |
| 3.25%, 09/21/71 *(a)* | 200000 | 129212 |
|  |  | **4705365** |
| ***Hungary 0.0%***  | ***Hungary 0.0%***  | ***Hungary 0.0%***  |
| **Hungary Government International Bonds** | **Hungary Government International Bonds** | **Hungary Government International Bonds** |
| 7.63%, 03/29/41  | 300000 | 357411 |
| ***Indonesia 0.1%***  | ***Indonesia 0.1%***  | ***Indonesia 0.1%***  |
| **Indonesia Government International Bonds** | **Indonesia Government International Bonds** | **Indonesia Government International Bonds** |
| 3.50%, 01/11/28  | 200000 | 198682 |
| 4.55%, 01/11/28 *(a)* | 300000 | 303477 |
| 4.10%, 04/24/28  | 250000 | 251297 |
| 4.75%, 02/11/29  | 200000 | 204310 |
| 4.40%, 03/10/29 *(a)* | 200000 | 201698 |
| 3.40%, 09/18/29  | 250000 | 244478 |
| 5.25%, 01/15/30 *(a)* | 200000 | 207412 |
| 2.85%, 02/14/30  | 400000 | 380572 |
| 3.85%, 10/15/30  | 300000 | 295638 |
| 4.35%, 02/21/31 *(a)* | 200000 | 200050 |
| 1.85%, 03/12/31  | 200000 | 177966 |
| 2.15%, 07/28/31 *(a)* | 200000 | 178810 |
| 3.55%, 03/31/32 *(a)* | 200000 | 190326 |
| 4.65%, 09/20/32 *(a)* | 250000 | 252200 |
| 4.85%, 01/11/33 *(a)* | 200000 | 202254 |
| 4.70%, 02/10/34 *(a)* | 200000 | 199314 |
| 4.75%, 09/10/34 *(a)* | 200000 | 199160 |
| 5.60%, 01/15/35 *(a)* | 200000 | 211022 |
| 4.95%, 02/21/36 *(a)* | 200000 | 199352 |
| 4.90%, 04/16/36 *(a)* | 200000 | 198298 |
| 4.35%, 01/11/48  | 200000 | 171688 |
| 5.35%, 02/11/49  | 200000 | 199070 |
| 3.70%, 10/30/49  | 100000 | 75560 |
| 3.50%, 02/14/50  | 200000 | 145338 |
| 4.20%, 10/15/50  | 250000 | 204605 |
| 3.05%, 03/12/51  | 400000 | 265608 |
| 4.30%, 03/31/52 *(a)* | 200000 | 165192 |
| 5.65%, 01/11/53 *(a)* | 200000 | 201392 |
| 5.10%, 02/10/54 *(a)* | 200000 | 190980 |
| 5.15%, 09/10/54 *(a)* | 200000 | 191138 |
| 3.20%, 09/23/61 *(a)* | 200000 | 127426 |
| 4.45%, 04/15/70  | 200000 | 160798 |
| 3.35%, 03/12/71  | 200000 | 127084 |
|  |  | **6722195** |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**87**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Israel 0.1%***  | ***Israel 0.1%***  | ***Israel 0.1%***  |
| **Israel Government International Bonds** | **Israel Government International Bonds** | **Israel Government International Bonds** |
| 3.25%, 01/17/28  | 200000 | 196914 |
| 5.38%, 03/12/29  | 300000 | 309114 |
| 5.38%, 02/19/30  | 400000 | 414636 |
| 2.75%, 07/03/30  | 350000 | 327814 |
| 4.50%, 01/13/31  | 400000 | 401024 |
| 4.50%, 01/17/33  | 350000 | 345271 |
| 5.50%, 03/12/34  | 700000 | 729505 |
| 5.63%, 02/19/35  | 500000 | 525065 |
| 5.00%, 01/13/36  | 400000 | 399076 |
| 4.50%, 01/30/43  | 300000 | 266436 |
| 4.13%, 01/17/48  | 200000 | 160022 |
| 3.88%, 07/03/50  | 300000 | 224280 |
| 5.75%, 03/12/54  | 500000 | 488930 |
| 5.88%, 01/13/56  | 400000 | 397988 |
| 4.50%, 04/03/20  | 200000 | 151384 |
| **State of Israel** | **State of Israel** | **State of Israel** |
| 2.50%, 01/15/30  | 200000 | 186916 |
| 3.38%, 01/15/50  | 350000 | 241325 |
|  |  | **5765700** |
| ***Italy 0.0%***  | ***Italy 0.0%***  | ***Italy 0.0%***  |
| **Republic of Italy Government International Bonds** | **Republic of Italy Government International Bonds** | **Republic of Italy Government International Bonds** |
| 2.88%, 10/17/29  | 475000 | 461054 |
| 5.38%, 06/15/33  | 250000 | 268733 |
| 4.00%, 10/17/49  | 550000 | 437008 |
| 3.88%, 05/06/51  | 500000 | 382725 |
|  |  | **1549520** |
| ***Mexico 0.3%***  | ***Mexico 0.3%***  | ***Mexico 0.3%***  |
| **Mexico Government International Bonds** | **Mexico Government International Bonds** | **Mexico Government International Bonds** |
| 4.15%, 03/28/27  | 300000 | 300651 |
| 3.75%, 01/11/28  | 300000 | 298221 |
| 5.40%, 02/09/28 *(a)* | 200000 | 204906 |
| 4.50%, 04/22/29  | 600000 | 604296 |
| 5.00%, 05/07/29 *(a)* | 200000 | 204332 |
| 3.25%, 04/16/30 *(a)* | 500000 | 476280 |
| 6.00%, 05/13/30 *(a)* | 400000 | 420928 |
| 4.75%, 03/22/31 *(a)* | 250000 | 249420 |
| 2.66%, 05/24/31 *(a)* | 600000 | 540948 |
| 8.30%, 08/15/31  | 150000 | 178541 |
| 4.75%, 04/27/32 *(a)* | 500000 | 492315 |
| 5.85%, 07/02/32 *(a)* | 700000 | 727132 |
| 5.38%, 03/22/33 *(a)* | 725000 | 727653 |
| 7.50%, 04/08/33  | 200000 | 231466 |
| 4.88%, 05/19/33 *(a)* | 400000 | 389480 |
| 5.63%, 02/09/34 *(a)* | 500000 | 506015 |
| 3.50%, 02/12/34 *(a)* | 600000 | 526434 |
| 6.75%, 09/27/34  | 362000 | 395851 |
| 6.35%, 02/09/35 *(a)* | 400000 | 422476 |
| 5.63%, 09/22/35 *(a)* | 450000 | 450396 |
| 6.00%, 05/07/36 *(a)* | 750000 | 770625 |
| 6.88%, 05/13/37 *(a)* | 700000 | 757652 |
| 6.63%, 01/29/38 *(a)* | 500000 | 528800 |
| 6.13%, 02/09/38 *(a)* | 750000 | 760987 |
| 6.05%, 01/11/40  | 500000 | 504245 |
| 4.28%, 08/14/41 *(a)* | 400000 | 326396 |
| 4.75%, 03/08/44  | 750000 | 627450 |
| 5.55%, 01/21/45  | 550000 | 515878 |
| 4.60%, 01/23/46  | 450000 | 360432 |
| 4.35%, 01/15/47  | 300000 | 230220 |
| 4.60%, 02/10/48  | 400000 | 315596 |
| 4.50%, 01/31/50 *(a)* | 275000 | 213128 |
| 5.00%, 04/27/51 *(a)* | 450000 | 369315 |
| 4.40%, 02/12/52 *(a)* | 450000 | 335637 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.34%, 05/04/53 *(a)* | 600000 | 582666 |
| 6.40%, 05/07/54 *(a)* | 500000 | 489345 |
| 7.38%, 05/13/55 *(a)* | 500000 | 549330 |
| 6.75%, 02/09/56 *(a)* | 400000 | 406216 |
| 3.77%, 05/24/61 *(a)* | 600000 | 377130 |
| 5.75%, 10/12/10  | 420000 | 357693 |
|  |  | **17726482** |
| ***Panama 0.1%***  | ***Panama 0.1%***  | ***Panama 0.1%***  |
| **Panama Government International Bonds** | **Panama Government International Bonds** | **Panama Government International Bonds** |
| 8.88%, 09/30/27  | 250000 | 268808 |
| 3.88%, 03/17/28 *(a)* | 200000 | 198686 |
| 9.38%, 04/01/29  | 150000 | 172557 |
| 3.16%, 01/23/30 *(a)* | 200000 | 190004 |
| 7.50%, 03/01/31 *(a)* | 200000 | 224286 |
| 2.25%, 09/29/32 *(a)* | 600000 | 506304 |
| 3.30%, 01/19/33 *(a)* | 200000 | 179368 |
| 5.23%, 02/23/34 *(a)* | 200000 | 200078 |
| 6.40%, 02/14/35 *(a)* | 450000 | 482827 |
| 6.70%, 01/26/36  | 331000 | 361925 |
| 6.88%, 01/31/36 *(a)* | 200000 | 220832 |
| 8.00%, 03/01/38 *(a)* | 200000 | 238674 |
| 4.50%, 05/15/47 *(a)* | 250000 | 205533 |
| 4.50%, 04/16/50 *(a)* | 400000 | 321136 |
| 4.30%, 04/29/53  | 400000 | 311132 |
| 6.85%, 03/28/54 *(a)* | 200000 | 216676 |
| 4.50%, 04/01/56 *(a)* | 350000 | 274165 |
| 7.88%, 03/01/57 *(a)* | 200000 | 241618 |
| 3.87%, 07/23/60 *(a)* | 650000 | 452413 |
| 4.50%, 01/19/63 *(a)* | 250000 | 194110 |
|  |  | **5461132** |
| ***Peru 0.1%***  | ***Peru 0.1%***  | ***Peru 0.1%***  |
| **Peru Government International Bonds** | **Peru Government International Bonds** | **Peru Government International Bonds** |
| 2.84%, 06/20/30  | 200000 | 189776 |
| 2.78%, 01/23/31 *(a)* | 400000 | 372312 |
| 1.86%, 12/01/32 *(a)* | 300000 | 252330 |
| 8.75%, 11/21/33  | 450000 | 567801 |
| 3.00%, 01/15/34 *(a)* | 400000 | 352432 |
| 5.38%, 02/08/35 *(a)* | 200000 | 207008 |
| 5.50%, 03/30/36 *(a)* | 388000 | 401522 |
| 6.55%, 03/14/37  | 300000 | 335250 |
| 3.30%, 03/11/41 *(a)* | 250000 | 196932 |
| 5.63%, 11/18/50  | 595000 | 592626 |
| 3.55%, 03/10/51 *(a)* | 350000 | 252574 |
| 5.88%, 08/08/54 *(a)* | 300000 | 303087 |
| 6.20%, 06/30/55 *(a)* | 200000 | 210752 |
| 2.78%, 12/01/60 *(a)* | 250000 | 141663 |
| 3.60%, 01/15/72 *(a)* | 200000 | 130858 |
| 3.23%, 07/28/21 *(a)* | 200000 | 113124 |
|  |  | **4620047** |
| ***Philippines 0.1%***  | ***Philippines 0.1%***  | ***Philippines 0.1%***  |
| **Philippines Government International Bonds** | **Philippines Government International Bonds** | **Philippines Government International Bonds** |
| 3.23%, 03/29/27  | 200000 | 198764 |
| 3.00%, 02/01/28  | 400000 | 393900 |
| 3.75%, 01/14/29  | 200000 | 198874 |
| 9.50%, 02/02/30  | 250000 | 299972 |
| 2.46%, 05/05/30  | 200000 | 187704 |
| 7.75%, 01/14/31  | 350000 | 405825 |
| 1.65%, 06/10/31  | 200000 | 176554 |
| 4.25%, 07/27/31  | 200000 | 201632 |
| 1.95%, 01/06/32  | 200000 | 176108 |
| 6.38%, 01/15/32  | 300000 | 332775 |
| 3.56%, 09/29/32  | 200000 | 190310 |
| 5.61%, 04/13/33  | 200000 | 213498 |

---

*See financial notes*

**88**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.00%, 07/17/33  | 200000 | 206050 |
| 5.25%, 05/14/34  | 200000 | 208458 |
| 6.38%, 10/23/34  | 400000 | 447488 |
| 5.50%, 02/04/35  | 200000 | 211804 |
| 4.75%, 03/05/35  | 200000 | 200750 |
| 5.00%, 01/27/36  | 200000 | 203438 |
| 5.00%, 01/13/37  | 200000 | 202648 |
| 3.95%, 01/20/40  | 400000 | 354396 |
| 3.70%, 03/01/41  | 550000 | 465113 |
| 3.70%, 02/02/42  | 400000 | 334644 |
| 2.95%, 05/05/45  | 200000 | 142400 |
| 2.65%, 12/10/45  | 200000 | 134366 |
| 3.20%, 07/06/46  | 500000 | 364175 |
| 4.20%, 03/29/47  | 200000 | 168886 |
| 5.95%, 10/13/47  | 200000 | 212282 |
| 5.50%, 01/17/48  | 200000 | 201776 |
| 5.60%, 05/14/49  | 200000 | 203908 |
| 5.18%, 09/05/49  | 200000 | 192888 |
| 5.90%, 02/04/50  | 200000 | 212196 |
| 5.75%, 01/27/51  | 200000 | 207672 |
|  |  | **7851254** |
| ***Poland 0.1%***  | ***Poland 0.1%***  | ***Poland 0.1%***  |
| **Republic of Poland Government International Bonds** | **Republic of Poland Government International Bonds** | **Republic of Poland Government International Bonds** |
| 5.50%, 11/16/27 *(a)* | 400000 | 411944 |
| 4.63%, 03/18/29 *(a)* | 250000 | 256385 |
| 4.88%, 02/12/30  | 500000 | 518585 |
| 5.75%, 11/16/32 *(a)* | 300000 | 323901 |
| 4.88%, 10/04/33 *(a)* | 400000 | 411080 |
| 5.13%, 09/18/34 *(a)* | 500000 | 518860 |
| 5.38%, 02/12/35 *(a)* | 500000 | 524870 |
| 5.50%, 04/04/53 *(a)* | 450000 | 441418 |
| 5.50%, 03/18/54 *(a)* | 700000 | 686833 |
|  |  | **4093876** |
| ***Republic of Korea 0.0%***  | ***Republic of Korea 0.0%***  | ***Republic of Korea 0.0%***  |
| **Korea International Bonds** | **Korea International Bonds** | **Korea International Bonds** |
| 3.50%, 09/20/28  | 200000 | 199708 |
| 3.63%, 02/12/29  | 200000 | 200644 |
| 2.50%, 06/19/29  | 200000 | 193396 |
| 4.50%, 07/03/29  | 200000 | 205750 |
| 3.63%, 10/29/30  | 200000 | 200184 |
| 3.88%, 02/12/31  | 400000 | 404092 |
| 1.75%, 10/15/31  | 200000 | 181070 |
| 4.13%, 06/10/44  | 200000 | 186044 |
|  |  | **1770888** |
| ***Uruguay 0.1%***  | ***Uruguay 0.1%***  | ***Uruguay 0.1%***  |
| **Oriental Republic of Uruguay** | **Oriental Republic of Uruguay** | **Oriental Republic of Uruguay** |
| 5.25%, 09/10/60 *(a)* | 200000 | 190370 |
| **Uruguay Government International Bonds** | **Uruguay Government International Bonds** | **Uruguay Government International Bonds** |
| 4.38%, 10/27/27  | 200000 | 201594 |
| 4.38%, 01/23/31 *(a)* | 350000 | 356314 |
| 5.75%, 10/28/34 *(a)* | 400000 | 430584 |
| 7.63%, 03/21/36  | 250000 | 304827 |
| 5.44%, 02/14/37 *(a)* | 300000 | 315366 |
| 4.13%, 11/20/45  | 150000 | 133649 |
| 5.10%, 06/18/50  | 750000 | 721432 |
| 4.98%, 04/20/55  | 600000 | 556572 |
|  |  | **3210708** |
|  |  | **65926306** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Supranational\* 1.3%** | **Supranational\* 1.3%** | **Supranational\* 1.3%** |
| **African Development Bank** | **African Development Bank** | **African Development Bank** |
| 4.38%, 11/03/27  | 500000 | 507475 |
| 4.38%, 03/14/28  | 250000 | 254555 |
| 3.88%, 06/12/28  | 360000 | 363406 |
| 3.50%, 09/18/29  | 400000 | 400232 |
| 4.00%, 03/18/30  | 300000 | 305496 |
| 3.63%, 03/03/31  | 500000 | 501390 |
| 5.75%, 05/07/34*(a)(b)(k)* | 200000 | 201322 |
| 5.88%, 05/07/35*(a)(b)(k)* | 200000 | 201268 |
| 4.50%, 06/12/35  | 180000 | 187213 |
| **Asian Development Bank** | **Asian Development Bank** | **Asian Development Bank** |
| 2.38%, 08/10/27  | 500000 | 492655 |
| 3.13%, 08/20/27  | 500000 | 497830 |
| 2.50%, 11/02/27  | 500000 | 492590 |
| 4.38%, 01/14/28  | 900000 | 915417 |
| 2.75%, 01/19/28  | 500000 | 493950 |
| 3.75%, 04/25/28  | 500000 | 503410 |
| 1.25%, 06/09/28  | 500000 | 476520 |
| 5.82%, 06/16/28  | 250000 | 262823 |
| 4.50%, 08/25/28  | 500000 | 513115 |
| 4.88%, 09/26/28*(a)* | 500000 | 503755 |
| 4.38%, 03/06/29  | 600000 | 616320 |
| 1.88%, 03/15/29  | 300000 | 286767 |
| 3.63%, 08/28/29  | 600000 | 603300 |
| 1.75%, 09/19/29  | 250000 | 235818 |
| 1.88%, 01/24/30  | 400000 | 376684 |
| 4.13%, 05/30/30  | 700000 | 716968 |
| 3.75%, 08/28/30  | 500000 | 504895 |
| 0.75%, 10/08/30  | 450000 | 397418 |
| 1.50%, 03/04/31  | 500000 | 453330 |
| 3.88%, 09/28/32  | 450000 | 454095 |
| 4.00%, 01/12/33  | 350000 | 355359 |
| 3.88%, 06/14/33  | 350000 | 352086 |
| 4.13%, 01/12/34  | 350000 | 356920 |
| 4.38%, 03/22/35  | 300000 | 309984 |
| 4.25%, 01/14/36  | 750000 | 765622 |
| **Asian Infrastructure Investment Bank** | **Asian Infrastructure Investment Bank** | **Asian Infrastructure Investment Bank** |
| 3.75%, 09/14/27  | 300000 | 301368 |
| 3.63%, 09/15/28  | 750000 | 754192 |
| 4.13%, 01/18/29  | 500000 | 509640 |
| 4.50%, 01/16/30  | 1050000 | 1088125 |
| 4.50%, 05/21/35  | 200000 | 208604 |
| **Corp. Andina de Fomento** | **Corp. Andina de Fomento** | **Corp. Andina de Fomento** |
| 6.00%, 04/26/27  | 300000 | 307923 |
| 5.00%, 01/24/29  | 400000 | 414276 |
| 5.00%, 01/22/30  | 400000 | 417032 |
| 4.63%, 01/15/36  | 500000 | 509355 |
| **Council of Europe Development Bank** | **Council of Europe Development Bank** | **Council of Europe Development Bank** |
| 4.63%, 06/11/27  | 350000 | 354977 |
| 3.63%, 05/08/28  | 200000 | 200728 |
| 4.13%, 01/24/29  | 250000 | 254765 |
| 4.50%, 01/15/30  | 300000 | 310677 |
| 3.75%, 01/14/31  | 250000 | 252190 |
| **European Bank for Reconstruction & Development** | **European Bank for Reconstruction & Development** | **European Bank for Reconstruction & Development** |
| 4.38%, 03/09/28  | 750000 | 763710 |
| 4.13%, 01/25/29  | 500000 | 509565 |
| 4.25%, 03/13/34  | 250000 | 256965 |
| **European Investment Bank** | **European Investment Bank** | **European Investment Bank** |
| 1.38%, 03/15/27  | 750000 | 733980 |
| 4.38%, 03/19/27  | 700000 | 706426 |
| 2.38%, 05/24/27  | 450000 | 444240 |
| 3.25%, 11/15/27  | 1000000 | 997450 |
| 3.88%, 03/15/28  | 1050000 | 1059534 |
| 3.88%, 06/15/28  | 300000 | 303033 |
| 4.50%, 10/16/28  | 750000 | 770812 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**89**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.00%, 02/15/29  | 750000 | 762427 |
| 1.75%, 03/15/29  | 500000 | 476185 |
| 4.75%, 06/15/29  | 1100000 | 1144682 |
| 1.63%, 10/09/29  | 350000 | 328475 |
| 3.75%, 11/15/29  | 1000000 | 1009750 |
| 4.50%, 03/14/30  | 1500000 | 1556745 |
| 0.88%, 05/17/30  | 170000 | 152624 |
| 3.63%, 07/15/30  | 800000 | 803904 |
| 0.75%, 09/23/30  | 500000 | 442235 |
| 3.88%, 10/15/30  | 600000 | 609114 |
| 1.25%, 02/14/31  | 500000 | 448325 |
| 3.75%, 03/13/31  | 1000000 | 1009250 |
| 1.63%, 05/13/31  | 250000 | 227110 |
| 4.38%, 10/10/31  | 750000 | 778455 |
| 4.25%, 08/16/32  | 910000 | 938619 |
| 3.75%, 02/14/33  | 900000 | 899847 |
| 4.13%, 02/13/34  | 750000 | 765202 |
| 4.63%, 02/12/35  | 500000 | 526040 |
| 4.25%, 02/08/36  | 750000 | 765975 |
| 4.88%, 02/15/36  | 550000 | 589881 |
| **Inter-American Development Bank** | **Inter-American Development Bank** | **Inter-American Development Bank** |
| 2.38%, 07/07/27  | 350000 | 345128 |
| 0.63%, 09/16/27  | 500000 | 479010 |
| 4.00%, 01/12/28  | 400000 | 404096 |
| 1.13%, 07/20/28  | 500000 | 474375 |
| 3.13%, 09/18/28  | 650000 | 645742 |
| 4.13%, 02/15/29  | 750000 | 764745 |
| 2.25%, 06/18/29  | 700000 | 674086 |
| 3.50%, 09/14/29  | 500000 | 500585 |
| 4.80%, 01/22/30*(a)* | 100000 | 100852 |
| 4.50%, 02/15/30  | 750000 | 777577 |
| 3.75%, 06/14/30  | 400000 | 403672 |
| 1.13%, 01/13/31  | 750000 | 669502 |
| 3.63%, 09/17/31  | 400000 | 400100 |
| 3.50%, 04/12/33  | 500000 | 491490 |
| 4.50%, 09/13/33  | 350000 | 365866 |
| 4.38%, 07/17/34  | 400000 | 413648 |
| 4.38%, 07/16/35  | 530000 | 546732 |
| 4.13%, 01/23/36  | 500000 | 504265 |
| 4.38%, 01/24/44  | 150000 | 145224 |
| **Inter-American Investment Corp.** | **Inter-American Investment Corp.** | **Inter-American Investment Corp.** |
| 4.13%, 02/15/28  | 200000 | 202322 |
| 4.75%, 09/19/28  | 200000 | 206176 |
| 3.63%, 11/20/28  | 180000 | 180684 |
| 4.25%, 02/14/29  | 150000 | 153128 |
| 4.25%, 04/01/30  | 200000 | 204868 |
| **International Bank for Reconstruction & Development** | **International Bank for Reconstruction & Development** | **International Bank for Reconstruction & Development** |
| 3.13%, 06/15/27  | 750000 | 746655 |
| 2.50%, 11/22/27  | 350000 | 344635 |
| 0.75%, 11/24/27  | 1000000 | 955560 |
| 1.38%, 04/20/28  | 1000000 | 958220 |
| 3.63%, 05/05/28  | 750000 | 753165 |
| 3.50%, 07/12/28  | 1000000 | 1002520 |
| 4.63%, 08/01/28  | 800000 | 822800 |
| 1.13%, 09/13/28  | 1000000 | 945490 |
| 3.63%, 09/21/29  | 700000 | 703787 |
| 3.88%, 10/16/29  | 1000000 | 1013760 |
| 1.75%, 10/23/29  | 450000 | 423747 |
| 3.88%, 02/14/30  | 1000000 | 1014110 |
| 4.13%, 03/20/30  | 1000000 | 1023540 |
| 0.88%, 05/14/30  | 950000 | 853033 |
| 4.00%, 07/25/30  | 500000 | 509835 |
| 0.75%, 08/26/30  | 750000 | 664605 |
| 3.50%, 10/28/30  | 1150000 | 1149011 |
| 4.00%, 01/10/31  | 800000 | 816224 |
| 1.25%, 02/10/31  | 750000 | 672547 |
| 4.50%, 04/10/31  | 500000 | 521505 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.63%, 11/03/31  | 1000000 | 897740 |
| 4.63%, 01/15/32  | 1500000 | 1576515 |
| 2.50%, 03/29/32  | 750000 | 702997 |
| 4.00%, 05/06/32  | 900000 | 916632 |
| 4.75%, 11/14/33  | 550000 | 583908 |
| 3.88%, 08/28/34  | 500000 | 499375 |
| 4.75%, 02/15/35  | 80000 | 84717 |
| 4.38%, 08/27/35  | 900000 | 929304 |
| **International Finance Corp.** | **International Finance Corp.** | **International Finance Corp.** |
| 4.50%, 01/21/28  | 400000 | 407704 |
| 4.50%, 07/13/28  | 400000 | 410004 |
| 4.25%, 07/02/29  | 350000 | 358733 |
| 3.88%, 07/02/30  | 300000 | 304314 |
| 0.75%, 08/27/30  | 400000 | 354404 |
| **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** |
| 3.88%, 07/03/28  | 250000 | 251713 |
| **Nordic Investment Bank** | **Nordic Investment Bank** | **Nordic Investment Bank** |
| 4.38%, 03/14/28  | 500000 | 509220 |
| 3.75%, 08/28/28  | 300000 | 302514 |
| 4.25%, 02/28/29  | 250000 | 255818 |
| 3.75%, 05/09/30  | 200000 | 201764 |
|  |  | **77020398** |
| **Total Government Related** <br>**(Cost $257,797,607)** | **Total Government Related** <br>**(Cost $257,797,607)** | **250028848** |
| **SECURITIZED** 25.8% OF NET ASSETS | **SECURITIZED** 25.8% OF NET ASSETS | **SECURITIZED** 25.8% OF NET ASSETS |
| **Asset-Backed Securities 0.0%** | **Asset-Backed Securities 0.0%** | **Asset-Backed Securities 0.0%** |
| ***Credit Card 0.0%***  | ***Credit Card 0.0%***  | ***Credit Card 0.0%***  |
| **Capital One Multi-Asset Execution Trust** | **Capital One Multi-Asset Execution Trust** | **Capital One Multi-Asset Execution Trust** |
| Series 2019-A3, Class A3 |  |  |
| 2.06%, 08/15/28 *(a)* | 1000000 | 992063 |
| ***Electric 0.0%***  | ***Electric 0.0%***  | ***Electric 0.0%***  |
| **Duke Energy Carolinas SC Storm Funding LLC** | **Duke Energy Carolinas SC Storm Funding LLC** | **Duke Energy Carolinas SC Storm Funding LLC** |
| 4.90%, 03/01/46  | 100000 | 102101 |
| **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** |
| 3.59%, 06/01/32  | 57946 | 57505 |
| 4.26%, 06/01/38  | 100000 | 99082 |
| 4.45%, 12/01/49  | 200000 | 182876 |
| 4.67%, 12/01/53  | 200000 | 181150 |
|  |  | **622714** |
| ***Utilities 0.0%***  | ***Utilities 0.0%***  | ***Utilities 0.0%***  |
| **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** |
| 5.10%, 06/01/52  | 175000 | 167478 |
|  |  | **1782255** |
| **Commercial Mortgage-Backed Security 1.8%** | **Commercial Mortgage-Backed Security 1.8%** | **Commercial Mortgage-Backed Security 1.8%** |
| **Bank** | **Bank** | **Bank** |
| Series 2017-BNK7, Class A5 |  |  |
| 3.44%, 09/15/60 *(a)* | 150000 | 148413 |
| Series 2017-BNK8, Class A4 |  |  |
| 3.49%, 11/15/50 *(a)* | 1190000 | 1167470 |
| Series 2017-BNK9, Class A4 |  |  |
| 3.54%, 11/15/54 *(a)* | 940912 | 932153 |
| Series 2019-BN19, Class A3 |  |  |
| 3.18%, 08/15/61 *(a)* | 600000 | 575048 |
| Series 2020-BN26, Class A4 |  |  |
| 2.40%, 03/15/63 *(a)* | 300000 | 279536 |
| Series 2025-BNK50, Class A5 |  |  |
| 5.65%, 05/15/68 *(a)* | 400000 | 430904 |

---

*See financial notes*

**90**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Series 2025-BNK51, Class A5 |  |  |
| 5.29%, 12/25/67 *(a)* | 805000 | 845498 |
| **BBCMS Mortgage Trust** | **BBCMS Mortgage Trust** | **BBCMS Mortgage Trust** |
| Series 2018-C2, Class A4 |  |  |
| 4.05%, 12/15/51 *(a)* | 449000 | 448190 |
| Series 2023-C21, Class A5 |  |  |
| 6.00%, 09/15/56 *(a)(l)* | 1940000 | 2117575 |
| Series 2024-C26, Class A5 |  |  |
| 5.83%, 05/15/57 *(a)* | 3200000 | 3475096 |
| Series 2024-C28, Class A3 |  |  |
| 5.89%, 09/15/57 *(a)* | 1205000 | 1272662 |
| Series 2024-C28, Class A4 |  |  |
| 5.12%, 09/15/57 *(a)* | 1455000 | 1509995 |
| Series 2025-C32, Class A4 |  |  |
| 5.43%, 02/15/62 *(a)* | 1000000 | 1059047 |
| Series 2025-C32, Class A5 |  |  |
| 5.72%, 02/15/62 *(a)* | 1000000 | 1081040 |
| Series 2028-C28, Class A5 |  |  |
| 5.40%, 09/15/57 *(a)* | 1000000 | 1058945 |
| **Benchmark Mortgage Trust** | **Benchmark Mortgage Trust** | **Benchmark Mortgage Trust** |
| Series 2019-B10, Class A4 |  |  |
| 3.72%, 03/15/62 *(a)* | 5090000 | 5030515 |
| Series 2019-B12, Class A5 |  |  |
| 3.12%, 08/15/52 *(a)* | 700000 | 677047 |
| Series 2019-B13, Class A4 |  |  |
| 2.95%, 08/15/57 *(a)* | 3500000 | 3359295 |
| Series 2019-B9, Class A5 |  |  |
| 4.02%, 03/15/52 *(a)* | 600000 | 595397 |
| Series 2020-B16, Class A5 |  |  |
| 2.73%, 02/15/53 *(a)* | 1000000 | 947078 |
| Series 2025-V14, Class A3 |  |  |
| 5.18%, 04/15/57 *(a)* | 2500000 | 2586654 |
| **BMO Mortgage Trust** | **BMO Mortgage Trust** | **BMO Mortgage Trust** |
| Series 2023-C5, Class A4 |  |  |
| 5.49%, 06/15/56 *(a)* | 1200000 | 1266148 |
| Series 2024-C9, Class A5 |  |  |
| 5.76%, 07/15/57 *(a)* | 4500000 | 4866833 |
| **CD Mortgage Trust** | **CD Mortgage Trust** | **CD Mortgage Trust** |
| Series 2016-CD2, Class A4 |  |  |
| 3.53%, 11/10/49 *(a)* | 240000 | 235302 |
| **CFCRE Commercial Mortgage Trust** | **CFCRE Commercial Mortgage Trust** | **CFCRE Commercial Mortgage Trust** |
| Series 2016-C7, Class A3 |  |  |
| 3.84%, 12/10/54 *(a)* | 2200000 | 2187642 |
| **Citigroup Commercial Mortgage Trust** | **Citigroup Commercial Mortgage Trust** | **Citigroup Commercial Mortgage Trust** |
| Series 2017-C4, Class A4 |  |  |
| 3.47%, 10/12/50 *(a)* | 5700000 | 5657526 |
| **CSAIL Commercial Mortgage Trust** | **CSAIL Commercial Mortgage Trust** | **CSAIL Commercial Mortgage Trust** |
| Series 2019-C17, Class A5 |  |  |
| 3.02%, 09/15/52 *(a)* | 2500000 | 2402438 |
| **CSMC Trust** | **CSMC Trust** | **CSMC Trust** |
| Series 2016-NXSR, Class A4 |  |  |
| 3.79%, 12/15/49 *(a)(l)* | 1803239 | 1796057 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through** <br> **Certificates** | **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through** <br> **Certificates** | **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through** <br> **Certificates** |
| Series K058, Class A2 |  |  |
| 2.65%, 08/25/26 *(a)* | 600000 | 595930 |
| Series K061, Class A2 |  |  |
| 3.35%, 11/25/26 *(a)(l)* | 2371797 | 2360177 |
| Series K062, Class A2 |  |  |
| 3.41%, 12/25/26 *(a)* | 297200 | 295827 |
| Series K064, Class A2 |  |  |
| 3.22%, 03/25/27 *(a)* | 750000 | 745373 |
| Series K066, Class A2 |  |  |
| 3.12%, 06/25/27 *(a)* | 1200000 | 1190419 |
| Series K070, Class A2 |  |  |
| 3.30%, 11/25/27 *(a)(l)* | 500000 | 496417 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Series K071, Class A2 |  |  |
| 3.29%, 11/25/27 *(a)* | 2000000 | 1984889 |
| Series K072, Class A2 |  |  |
| 3.44%, 12/25/27 *(a)* | 900000 | 895400 |
| Series K074, Class A2 |  |  |
| 3.60%, 01/25/28 *(a)* | 3484024 | 3475969 |
| Series K078, Class A2 |  |  |
| 3.85%, 06/25/28 *(a)* | 1182367 | 1186193 |
| Series K083, Class A2 |  |  |
| 4.05%, 09/25/28 *(a)(l)* | 250000 | 252075 |
| Series K085, Class A2 |  |  |
| 4.06%, 10/25/28 *(a)(l)* | 700000 | 706165 |
| Series K087, Class A2 |  |  |
| 3.77%, 12/25/28 *(a)* | 96948 | 97138 |
| Series K088, Class A2 |  |  |
| 3.69%, 01/25/29 *(a)* | 975000 | 975062 |
| Series K089, Class A2 |  |  |
| 3.56%, 01/25/29 *(a)* | 1500000 | 1495125 |
| Series K099, Class A2 |  |  |
| 2.60%, 09/25/29 *(a)* | 2210000 | 2131961 |
| Series K112, Class A2 |  |  |
| 1.31%, 05/25/30 *(a)* | 1910000 | 1734315 |
| Series K130, Class A2 |  |  |
| 1.72%, 06/25/31 *(a)* | 2000000 | 1806829 |
| Series K144, Class A2 |  |  |
| 2.45%, 04/25/32 *(a)* | 1200000 | 1105962 |
| Series K146, Class A2 |  |  |
| 2.92%, 06/25/32 *(a)* | 2500000 | 2362206 |
| Series K149, Class A2 |  |  |
| 3.53%, 08/25/32 *(a)* | 1000000 | 976555 |
| Series K150, Class A2 |  |  |
| 3.71%, 09/25/32 *(a)* | 700000 | 689677 |
| Series K-1512, Class A2 |  |  |
| 2.99%, 05/25/31 *(a)* | 2500000 | 2407299 |
| Series K153, Class A2 |  |  |
| 3.82%, 12/25/32 *(a)(l)* | 1200000 | 1188966 |
| Series K154, Class A2 |  |  |
| 3.42%, 04/25/32 *(a)* | 700000 | 693875 |
| Series K157, Class A2 |  |  |
| 3.99%, 05/25/33 *(a)* | 360000 | 363024 |
| Series K157, Class A2 |  |  |
| 4.20%, 05/25/33 *(a)* | 800000 | 809174 |
| Series K159, Class A2 |  |  |
| 4.50%, 07/25/33 *(a)* | 2700000 | 2779903 |
| Series K163, Class A2 |  |  |
| 5.00%, 03/25/34 *(a)(l)* | 600000 | 636762 |
| Series K735, Class A2 |  |  |
| 2.86%, 05/25/26 *(a)* | 602717 | 600400 |
| **Federal National Mortgage Association-ACES** | **Federal National Mortgage Association-ACES** | **Federal National Mortgage Association-ACES** |
| Series 2016-M11, Class A2 |  |  |
| 2.37%, 07/25/26 *(a)(l)* | 487928 | 484766 |
| **GS Mortgage Securities Trust** | **GS Mortgage Securities Trust** | **GS Mortgage Securities Trust** |
| Series 2020-GC45, Class A5 |  |  |
| 2.91%, 02/13/53 *(a)* | 3000000 | 2870227 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** | **JP Morgan Chase Commercial Mortgage Securities Trust** | **JP Morgan Chase Commercial Mortgage Securities Trust** |
| Series 2016-JP4, Class A4 |  |  |
| 3.65%, 12/15/49 *(a)(l)* | 2034000 | 2020182 |
| Series 2017-JP5, Class A5 |  |  |
| 3.72%, 03/15/50 *(a)* | 2430000 | 2418718 |
| **JPMDB Commercial Mortgage Securities Trust** | **JPMDB Commercial Mortgage Securities Trust** | **JPMDB Commercial Mortgage Securities Trust** |
| Series 2018-C8, Class A3 |  |  |
| 3.94%, 06/15/51 *(a)* | 242120 | 241329 |
| **Morgan Stanley Bank of America Merrill Lynch Trust** | **Morgan Stanley Bank of America Merrill Lynch Trust** | **Morgan Stanley Bank of America Merrill Lynch Trust** |
| Series 2016-C28, Class A4 |  |  |
| 3.54%, 01/15/49 *(a)* | 375394 | 373953 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**91**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Morgan Stanley Capital I Trust** | **Morgan Stanley Capital I Trust** | **Morgan Stanley Capital I Trust** |
| Series 2017-H1, Class A4 |  |  |
| 3.26%, 06/15/50 *(a)* | 250000 | 247525 |
| Series 2020-HR8, Class A4 |  |  |
| 2.04%, 07/15/53 *(a)* | 1000000 | 919126 |
| **UBS Commercial Mortgage Trust** | **UBS Commercial Mortgage Trust** | **UBS Commercial Mortgage Trust** |
| Series 2017-C3, Class A4 |  |  |
| 3.43%, 08/15/50 *(a)* | 200000 | 197253 |
| Series 2017-C6, Class A5 |  |  |
| 3.58%, 12/15/50 *(a)* | 1200000 | 1187380 |
| **Wells Fargo Commercial Mortgage Trust** | **Wells Fargo Commercial Mortgage Trust** | **Wells Fargo Commercial Mortgage Trust** |
| Series 2017-C40, Class A4 |  |  |
| 3.58%, 10/15/50 *(a)* | 1020000 | 1011232 |
| Series 2017-C41, Class A4 |  |  |
| 3.47%, 11/15/50 *(a)* | 300000 | 296985 |
| Series 2017-C42, Class A4 |  |  |
| 3.59%, 12/15/50 *(a)* | 1400000 | 1387390 |
| Series 2018-C44, Class A5 |  |  |
| 4.21%, 05/15/51 *(a)* | 950000 | 950675 |
| Series 2018-C47, Class A3 |  |  |
| 4.18%, 09/15/61 *(a)* | 475320 | 475625 |
| Series 2019-C50, Class A5 |  |  |
| 3.73%, 05/15/52 *(a)* | 675000 | 664194 |
| Series 2019-C51, Class A4 |  |  |
| 3.31%, 06/15/52 *(a)* | 1800000 | 1739943 |
| Series 2019-C53, Class A4 |  |  |
| 3.04%, 10/15/52 *(a)* | 500000 | 481875 |
| Series 2020-C55, Class A5 |  |  |
| 2.73%, 02/15/53 *(a)* | 1950000 | 1853918 |
| Series 2020-C58, Class A4 |  |  |
| 2.09%, 07/15/53 *(a)* | 1645000 | 1501561 |
| Series 2022-C62, Class A4 |  |  |
| 4.00%, 04/15/55 *(a)(l)* | 300000 | 291344 |
| Series 2025-C64, Class A5 |  |  |
| 5.65%, 02/15/58 *(a)* | 150000 | 161126 |
|  |  | **106824898** |
| **Mortgage-Backed Securities Pass-Through 24.0%** | **Mortgage-Backed Securities Pass-Through 24.0%** | **Mortgage-Backed Securities Pass-Through 24.0%** |
| **Federal Home Loan Mortgage Corp.** | **Federal Home Loan Mortgage Corp.** | **Federal Home Loan Mortgage Corp.** |
| 1.00%, 10/01/36 *(a)* | 253836 | 224454 |
| 1.50%, 08/01/35 to 08/01/51 *(a)* | 36971897 | 31061527 |
| 2.00%, 01/01/28 to 04/01/52 *(a)* | 136378745 | 115905826 |
| 2.50%, 04/01/27 to 07/01/52 *(a)* | 72727209 | 64120198 |
| 3.00%, 08/01/26 to 06/01/53 *(a)* | 42692257 | 39579633 |
| 3.50%, 10/01/26 to 02/01/53 *(a)* | 22093618 | 21242254 |
| 4.00%, 05/01/26 to 11/01/54 *(a)* | 14701763 | 14514508 |
| 4.50%, 05/01/34 to 09/01/52 *(a)* | 11943727 | 12014762 |
| 5.00%, 11/01/33 to 02/01/56 *(a)* | 31614659 | 31983477 |
| 5.50%, 06/01/33 to 12/01/55 *(a)* | 54854488 | 56038763 |
| 6.00%, 05/01/32 to 10/01/55 *(a)* | 40873712 | 42329646 |
| 6.50%, 02/01/36 to 10/01/55 *(a)* | 18276713 | 19118540 |
| 7.00%, 12/01/53 to 12/01/55 *(a)* | 2593636 | 2738907 |
| **Federal National Mortgage Association** | **Federal National Mortgage Association** | **Federal National Mortgage Association** |
| 1.00%, 03/01/36 to 07/01/36 *(a)* | 590461 | 524842 |
| 1.50%, 08/01/35 to 03/01/51 *(a)* | 22471805 | 19527830 |
| 2.00%, 06/01/28 to 05/01/52 *(a)* | 155097998 | 132749175 |
| 2.50%, 07/01/27 to 05/01/52 *(a)* | 120393934 | 106653446 |
| 3.00%, 10/01/26 to 04/01/52 *(a)* | 62874594 | 58466851 |
| 3.50%, 03/01/26 to 08/01/52 *(a)* | 42684939 | 41084435 |
| 4.00%, 06/01/27 to 08/01/52 *(a)* | 28538701 | 28220574 |
| 4.50%, 03/01/30 to 10/01/52 *(a)* | 17868775 | 17947368 |
| 5.00%, 11/01/33 to 02/01/56 *(a)* | 43610657 | 44150111 |
| 5.50%, 03/01/33 to 11/01/55 *(a)* | 48609135 | 49779954 |
| 6.00%, 04/01/35 to 08/01/55 *(a)* | 46756439 | 48270780 |
| 6.50%, 08/01/34 to 09/01/55 *(a)* | 17400324 | 18232496 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 7.00%, 10/01/53 to 09/01/55 *(a)* | 4363800 | 4592842 |
| 7.50%, 11/01/53 to 08/01/54 *(a)* | 565116 | 600241 |
| **Government National Mortgage Association** | **Government National Mortgage Association** | **Government National Mortgage Association** |
| 1.50%, 03/20/51 to 10/20/51 *(a)* | 680585 | 550660 |
| 2.00%, 04/20/36 to 05/20/52 *(a)* | 55709249 | 47258340 |
| 2.50%, 08/20/27 to 05/20/52 *(a)* | 57390061 | 50724948 |
| 3.00%, 04/20/27 to 05/20/52 *(a)* | 41408836 | 38296923 |
| 3.50%, 09/20/32 to 12/20/54 *(a)* | 31355582 | 30123180 |
| 4.00%, 06/15/39 to 10/20/52 *(a)* | 19517135 | 19127561 |
| 4.50%, 07/15/39 to 12/20/55 *(a)* | 24884514 | 24822431 |
| 5.00%, 02/20/33 to 01/20/56 *(a)* | 42614685 | 42978497 |
| 5.50%, 04/15/33 to 02/20/56 *(a)* | 44026275 | 44804390 |
| 6.00%, 04/20/44 to 01/20/56 *(a)* | 23882546 | 24479363 |
| 6.00%, 05/20/55 *(a)(h)* | 1182997 | 1207702 |
| 6.50%, 01/20/53 to 11/20/55 *(a)* | 9068642 | 9448639 |
| 7.00%, 01/20/53 to 12/20/54 *(a)* | 1279537 | 1327360 |
| 7.50%, 12/20/53 *(a)* | 80788 | 83541 |
| **Government National Mortgage Association, TBA** | **Government National Mortgage Association, TBA** | **Government National Mortgage Association, TBA** |
| 4.00%, 03/20/56 *(a)(h)* | 3500000 | 3366877 |
| 4.50%, 03/20/56 *(a)(h)* | 3000000 | 2964618 |
| **Uniform Mortgage-Backed Security, TBA** | **Uniform Mortgage-Backed Security, TBA** | **Uniform Mortgage-Backed Security, TBA** |
| 3.00%, 03/12/56 *(a)(h)* | 8000000 | 7239176 |
| 3.50%, 03/12/56 *(a)(h)* | 17000000 | 16030022 |
| 4.00%, 03/12/56 *(a)(h)* | 18500000 | 17989122 |
| 4.50%, 03/12/56 *(a)(h)* | 19000000 | 18792387 |
| 5.00%, 03/15/56 *(a)(h)* | 7500000 | 7534762 |
| 5.50%, 03/12/56 *(a)(h)* | 2500000 | 2540225 |
|  |  | **1433364164** |
| **Total Securitized** <br>**(Cost $1,623,834,662)** | **Total Securitized** <br>**(Cost $1,623,834,662)** | **1541971317** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 2.1% OF NET ASSETS | **Short-Term Investments** 2.1% OF NET ASSETS | **Short-Term Investments** 2.1% OF NET ASSETS |
| **Money Market Funds 2.1%** | **Money Market Funds 2.1%** | **Money Market Funds 2.1%** |
| State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.63% *(m)*<br>| 121029117 | 121029117 |
| State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.63% *(m)(n)*<br>| 1851410 | 1851410 |
|  |  | **122880527** |
| **Total Short-Term Investments** <br>**(Cost $122,880,527)** | **Total Short-Term Investments** <br>**(Cost $122,880,527)** | **122880527** |
| **Total Investments in Securities** <br>**(Cost $6,205,227,313)** | **Total Investments in Securities** <br>**(Cost $6,205,227,313)** | **6066547736** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. 

*(a)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). 

*(b)* Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security. 

*(c)* All or a portion of this security is on loan. Securities on loan were valued at $1,795,492. 

*(d)* Issuer is affiliated with the fund's investment adviser.

*See financial notes*

**92**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $9,260,911 or 0.2% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond.

&nbsp;&nbsp;&nbsp;&nbsp;*(h)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* Guaranteed by the Republic of Germany.

&nbsp;&nbsp;&nbsp;&nbsp;*(j)* Zero coupon bond. When a security is purchased with a zero coupon rate the effective yield at the time of purchase is shown.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(k)* Perpetual security. Maturity date represents the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;*(l)* Fixed rate is determined by a formula set forth in the security's offering documents and is affected by the current WAC of the underlying loans.

&nbsp;&nbsp;&nbsp;&nbsp;*(m)* The rate shown is the annualized 7-day yield.

&nbsp;&nbsp;&nbsp;&nbsp;*(n)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ACES — | Alternate Credit Enhancement Securities |
| DAC — | Designated Activity Company |
| GO — | General obligation |
| RB — | Revenue bond |
| REIT — | Real Estate Investment Trust |
| TBA — | To-be-announced |
| WAC — | Weighted Average Coupon, which is the weighted average gross interest rate <br> of the securitized asset pool and is determined by the different speeds at <br> which the underlying mortgages are paid down.<br>|

---

Below is a summary of the fund's transactions with affiliated issuers during the period ended February 28, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY <br>RATE, MATURITY DATE<br>| VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE IN<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| ACCRETION OF<br> DISCOUNTS<br> (AMORTIZATION<br> OF PREMIUMS)<br>| VALUE AT<br> 2/28/26<br>| FACE AMOUNT<br> AT 2/28/26<br>| INTEREST<br> INCOME EARNED<br>|
| **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS | **CORPORATES** 0.0% OF NET ASSETS |
| **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** | **Financial Institutions 0.0%** |
| **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| 3.20%, 03/02/27<sup>(a),(b)</sup> <br>| $98763 | $— | $— | $— | $1799 | ($1091)<br>| $99471 | $100000 | $1600 |
| 2.45%, 03/03/27<sup>(a),(b)</sup> <br>| 234535 |  |  |  | 1657 | 784 | 236976 | 240000 | 2940 |
| 3.30%, 04/01/27<sup>(a),(b)</sup> <br>| 98933 |  |  |  | 1449 | (891)<br>| 99491 | 100000 | 1650 |
| 3.20%, 01/25/28<sup>(a),(b)</sup> <br>| 98163 |  |  |  | 1362 | (357)<br>| 99168 | 100000 | 1600 |
| 2.00%, 03/20/28<sup>(a),(b)</sup> <br>| 190762 |  |  |  | 2585 | (167)<br>| 193180 | 200000 | 2000 |
| 4.00%, 02/01/29<sup>(a),(b)</sup> <br>| 74998 |  |  |  | 862 | (316)<br>| 75544 | 75000 | 1500 |
| 5.64%, 05/19/29<sup>(a),(b),(c)</sup> <br>| 197686 |  |  |  | (459)<br>| (15)<br>| 197212 | 190000 | 5361 |
| 3.25%, 05/22/29<sup>(a),(b)</sup> <br>| 72995 |  |  |  | 1107 | (344)<br>| 73758 | 75000 | 1219 |
| 2.75%, 10/01/29<sup>(a),(b)</sup> <br>| 47547 |  |  |  | 720 | (165)<br>| 48102 | 50000 | 688 |
| 6.20%, 11/17/29<sup>(a),(b),(d)</sup> <br>| 212882 | 26473 |  |  | (72)<br>| (1028)<br>| 238255 | 225000 | 6196 |
| 4.63%, 03/22/30<sup>(a),(b)</sup> <br>| 51116 | 25731 |  |  | 635 | (290)<br>| 77192 | 75000 | 1155 |
| 1.65%, 03/11/31<sup>(a),(b)</sup> <br>| 86815 |  |  |  | 1803 | 42 | 88660 | 100000 | 825 |
| 2.30%, 05/13/31<sup>(a),(b)</sup> <br>| 89992 |  |  |  | 1658 | (189)<br>| 91461 | 100000 | 1150 |
| 4.34%, 11/14/31<sup>(a),(b),(c)</sup> <br>|  | 150457 |  |  | 431 | (21)<br>| 150867 | 150000 | 1647 |
| 1.95%, 12/01/31<sup>(a),(b)</sup> <br>| 108296 |  |  |  | 2537 | 1 | 110834 | 125000 | 1219 |
| 2.90%, 03/03/32<sup>(a),(b)</sup> <br>| 135969 |  |  |  | 2523 | 285 | 138777 | 150000 | 2175 |
| 5.85%, 05/19/34<sup>(a),(b),(c)</sup> <br>| 239913 |  |  |  | 2199 | (149)<br>| 241963 | 225000 | 6585 |
| 6.14%, 08/24/34<sup>(a),(b),(c)</sup> <br>| 244483 |  |  |  | 1453 | (61)<br>| 245875 | 225000 | 6903 |
| 4.91%, 11/14/36<sup>(a),(b),(c)</sup> <br>|  | 150378 |  |  | (262)<br>| (8)<br>| 150108 | 150000 | 1863 |
| **Total** | **$2283848** | **$353039** | **$—** | **$—** | **$23987** | **($3980)**<br>| **$2656894** |  | **$48276** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Issuer is affiliated with the fund's investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature.

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**93**

------

Schwab U.S. Aggregate Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN <br>ACTIVE MARKETS FOR <br>IDENTICAL ASSETS <br>(LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT <br>OBSERVABLE INPUTS <br>(LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT <br>UNOBSERVABLE INPUTS <br>(LEVEL 3)<br>| TOTAL |
| **<u>Assets</u>** |  |  |  |  |
| Corporates<sup>1</sup> <br>| $— | &nbsp;&nbsp; $1414638833 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1414638833 |
| Treasuries<sup>1</sup> <br>|  | &nbsp;&nbsp; 2737028211 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2737028211 |
| Government Related<sup>1</sup> <br>|  | &nbsp;&nbsp; 250028848 | &nbsp;&nbsp; — | &nbsp;&nbsp; 250028848 |
| Securitized<sup>1</sup> <br>|  | &nbsp;&nbsp; 1541971317 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1541971317 |
| Short-Term Investments<sup>1</sup> <br>| 122880527 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 122880527 |
| **Total** | **$122880527** | &nbsp;&nbsp; **$5943667209** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$6066547736** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings.

*See financial notes*

**94**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Statement of Assets and Liabilities

------

As of February 28, 2026; unaudited

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated issuers (cost $2,676,526)  |  | $2656894 |
| Investments in securities, at value - unaffiliated issuers (cost $6,202,550,787) including securities on loan of $1,795,492 |  | 6063890842 |
| Cash |  | 4573387 |
| Deposit with broker for futures contracts |  | 837500 |
| Receivables: |  |  |
| Investments sold |  | 85108857 |
| Interest |  | 47640717 |
| Fund shares sold |  | 8067143 |
| Dividends |  | 263049 |
| Income from securities on loan | + | 2036 |
| **Total assets** |  | **6213040425** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | 1851410 |
| Payables: |  |  |
| Investments bought |  | 117841384 |
| Investments bought - delayed-delivery |  | 101388212 |
| Fund shares redeemed |  | 6791066 |
| Investment adviser fees |  | 180902 |
| Distributions to shareholders | + | 2456 |
| **Total liabilities** |  | **228055430** |
| **Net assets** |  | **$5984984995** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $6560177384 |
| Total distributable loss | + | (575192389)<br>|
| **Net assets** |  | **$5984984995** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $5984984995 |  | &nbsp;&nbsp;&nbsp;&nbsp; 654993000 |  | &nbsp;&nbsp;&nbsp;&nbsp; $9.14 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**95**

------

Schwab U.S. Aggregate Bond Index Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| Interest received from securities - unaffiliated issuers |  | $111598847 |
| Dividends received from securities - unaffiliated issuers  |  | 1386850 |
| Interest received from securities - affiliated issuers |  | 44296 |
| Other Interest |  | 14763 |
| Securities on loan, net | + | 9009 |
| **Total investment income**  |  | **113053765** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | 1116120 |
| **Total expenses** | – | **1116120** |
| **Net investment income** |  | **111937645** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| **Net realized losses on sales of securities - unaffiliated issuers**  |  | **(3830778)**<br>|
| Net change in unrealized appreciation (depreciation) on securities - affiliated issuers  |  | 23987 |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers | + | 110785302 |
| **Net change in unrealized appreciation (depreciation)** |  | **110809289** |
| **Net realized and unrealized gains** |  | **106978511** |
| **Increase in net assets resulting from operations** |  | **$218916156** |

---

*See financial notes*

**96**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab U.S. Aggregate Bond Index Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

Figures for the current period are unaudited

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 |
| Net investment income |  | $111937645 | &nbsp;&nbsp;&nbsp; $210761415 |
| Net realized losses |  | (3830778)<br>| &nbsp;&nbsp;&nbsp; (41343109)<br>|
| Net change in unrealized appreciation (depreciation) | + | 110809289 | &nbsp;&nbsp;&nbsp; (5415028)<br>|
| **Increase in net assets resulting from operations** |  | **$218916156** | &nbsp;&nbsp;&nbsp; **$164003278** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($114034031)**<br>| &nbsp;&nbsp;&nbsp; **($214213453)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 114375310 | &nbsp;&nbsp;&nbsp; $1035501301 | &nbsp;&nbsp;&nbsp; 171686511 | &nbsp;&nbsp;&nbsp; $1528686668 |
| Shares reinvested |  | 12581487 | &nbsp;&nbsp;&nbsp; 114021821 | &nbsp;&nbsp;&nbsp; 19737070 | &nbsp;&nbsp;&nbsp; 175976286 |
| Shares redeemed | + | (66469251)<br>| &nbsp;&nbsp;&nbsp; (601596499)<br>| &nbsp;&nbsp;&nbsp; (165022378)<br>| &nbsp;&nbsp;&nbsp; (1466114543)<br>|
| **Net transactions in fund shares**  |  | **60487546** | &nbsp;&nbsp;&nbsp; **$547926623** | &nbsp;&nbsp;&nbsp; **26401203** | &nbsp;&nbsp;&nbsp; **$238548411** |
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 594505454 | &nbsp;&nbsp;&nbsp; $5332176247 | &nbsp;&nbsp;&nbsp; 568104251 | &nbsp;&nbsp;&nbsp; $5143838011 |
| Total increase | + | 60487546 | &nbsp;&nbsp;&nbsp; 652808748 | &nbsp;&nbsp;&nbsp; 26401203 | &nbsp;&nbsp;&nbsp; 188338236 |
| **End of period** |  | **654993000** | &nbsp;&nbsp;&nbsp; **$5984984995** | &nbsp;&nbsp;&nbsp; **594505454** | &nbsp;&nbsp;&nbsp; **$5332176247** |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**97**

------

Schwab Short-Term Bond Index Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 9/1/25– <br>2/28/26\*<br>| 9/1/24– <br>8/31/25<br>| 9/1/23– <br>8/31/24<br>| 9/1/22– <br>8/31/23<br>| 9/1/21– <br>8/31/22<br>| 9/1/20– <br>8/31/21<br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $9.70 | &nbsp;&nbsp; $9.64 | &nbsp;&nbsp; $9.40 | &nbsp;&nbsp; $9.55 | &nbsp;&nbsp; $10.28 | &nbsp;&nbsp; $10.39 |
| Income (loss) from investment operations: |  |  |  |  |  |  |
| Net investment income (loss)<sup>1</sup> <br>| 0.20 | 0.39 | 0.36 | 0.25 | 0.11 | 0.10 |
| Net realized and unrealized gains (losses) | 0.03 | 0.06 | 0.24 | &nbsp;&nbsp; (0.15)<br>| &nbsp;&nbsp; (0.70)<br>| &nbsp;&nbsp; (0.08)<br>|
| Total from investment operations | 0.23 | 0.45 | 0.60 | 0.10 | &nbsp;&nbsp; (0.59)<br>| 0.02 |
| Less distributions: |  |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.25)<br>| &nbsp;&nbsp; (0.11)<br>| &nbsp;&nbsp; (0.10)<br>|
| Distributions from net realized gains  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; (0.03)<br>|
| Total distributions | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.25)<br>| &nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp; (0.13)<br>|
| Net asset value at end of period | &nbsp;&nbsp; $9.73 | &nbsp;&nbsp; $9.70 | &nbsp;&nbsp; $9.64 | &nbsp;&nbsp; $9.40 | &nbsp;&nbsp; $9.55 | &nbsp;&nbsp; $10.28 |
| Total return | 2.36 %<sup>2</sup><br>| 4.81<br> %<br>| 6.56<br> %<br>| 1.08<br> %<br>| &nbsp;&nbsp; (5.81<br> %)<br>| 0.18<br> %<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |  |
| Total expenses | 0.06 %<sup>3</sup><br>| 0.06<br> %<br>| 0.06<br> %<br>| 0.06 %<sup>4</sup><br>| 0.06 %<sup>4</sup><br>| 0.06<br> %<br>|
| Net investment income (loss) | 4.09 %<sup>3</sup><br>| 4.11<br> %<br>| 3.84<br> %<br>| 2.62<br> %<br>| 1.07<br> %<br>| 0.96<br> %<br>|
| Portfolio turnover rate | &nbsp;&nbsp; 21 %<sup>2</sup><br>| &nbsp;&nbsp; 49<br> %<br>| &nbsp;&nbsp; 65<br> %<br>| &nbsp;&nbsp; 97<br> %<br>| &nbsp;&nbsp; 59<br> %<br>| &nbsp;&nbsp; 61<br> %<br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $1659 | &nbsp;&nbsp; $1506 | &nbsp;&nbsp; $1490 | &nbsp;&nbsp; $1505 | &nbsp;&nbsp; $1881 | &nbsp;&nbsp; $2228 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Unaudited.

<sup>1</sup> Calculated based on the average shares outstanding during the period.

<sup>2</sup> Not annualized.

<sup>3</sup> Annualized.

<sup>4</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

*See financial notes*

**98**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited)

------

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CORPORATES** 24.5% OF NET ASSETS | **CORPORATES** 24.5% OF NET ASSETS | **CORPORATES** 24.5% OF NET ASSETS |
| **Financial Institutions 10.2%** | **Financial Institutions 10.2%** | **Financial Institutions 10.2%** |
| ***Banking 7.5%***  | ***Banking 7.5%***  | ***Banking 7.5%***  |
| **Ally Financial, Inc.** | **Ally Financial, Inc.** | **Ally Financial, Inc.** |
| 7.10%, 11/15/27 *(a)* | 150000 | 157136 |
| 5.74%, 05/15/29 *(a)(b)* | 100000 | 102736 |
| 6.99%, 06/13/29 *(a)(b)* | 150000 | 158006 |
| 6.85%, 01/03/30 *(a)(b)* | 150000 | 158750 |
| 5.54%, 01/17/31 *(a)(b)* | 100000 | 102893 |
| **American Express Co.** | **American Express Co.** | **American Express Co.** |
| 2.55%, 03/04/27 *(a)* | 250000 | 247205 |
| 3.30%, 05/03/27 *(a)* | 250000 | 248735 |
| 5.85%, 11/05/27 *(a)* | 200000 | 206416 |
| 5.04%, 07/26/28 *(a)(b)* | 150000 | 152354 |
| 4.73%, 04/25/29 *(a)(b)* | 200000 | 203334 |
| 4.05%, 05/03/29 *(a)* | 125000 | 126030 |
| 4.35%, 07/20/29 *(a)(b)* | 200000 | 201868 |
| 5.28%, 07/27/29 *(a)(b)* | 250000 | 257562 |
| 5.53%, 04/25/30 *(a)(b)* | 200000 | 209048 |
| 5.09%, 01/30/31 *(a)(b)* | 200000 | 206710 |
| 5.02%, 04/25/31 *(a)(b)* | 200000 | 206490 |
| 6.49%, 10/30/31 *(a)(b)* | 150000 | 164337 |
| 4.46%, 02/10/32 *(a)(b)* | 150000 | 151545 |
| **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** |
| 4.36%, 06/18/28  | 250000 | 253547 |
| 4.62%, 12/16/29  | 250000 | 257265 |
| **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** |
| 6.14%, 09/14/28 *(a)(b)* | 200000 | 206464 |
| 5.38%, 03/13/29  | 200000 | 208062 |
| **Banco Santander SA** | **Banco Santander SA** | **Banco Santander SA** |
| 5.29%, 08/18/27  | 200000 | 203596 |
| 3.80%, 02/23/28  | 200000 | 199298 |
| 4.18%, 03/24/28 *(a)(b)* | 200000 | 200162 |
| 4.38%, 04/12/28  | 200000 | 201372 |
| 5.37%, 07/15/28 *(a)(b)* | 200000 | 203556 |
| 5.59%, 08/08/28  | 200000 | 207282 |
| 6.61%, 11/07/28  | 200000 | 213070 |
| 3.31%, 06/27/29  | 200000 | 195440 |
| 5.57%, 01/17/30  | 200000 | 209576 |
| 5.54%, 03/14/30 *(a)(b)* | 200000 | 207732 |
| 3.49%, 05/28/30  | 200000 | 194292 |
| 4.55%, 11/06/30  | 200000 | 201652 |
| 2.75%, 12/03/30  | 200000 | 184086 |
| **Bank of America Corp.** | **Bank of America Corp.** | **Bank of America Corp.** |
| 3.25%, 10/21/27 *(a)* | 400000 | 396860 |
| 4.18%, 11/25/27 *(a)* | 300000 | 300405 |
| 3.71%, 04/24/28 *(a)(b)* | 300000 | 299040 |
| 4.38%, 04/27/28 *(a)(b)* | 400000 | 401812 |
| 3.59%, 07/21/28 *(a)(b)* | 250000 | 248588 |
| 4.95%, 07/22/28 *(a)(b)* | 500000 | 506270 |
| 6.20%, 11/10/28 *(a)(b)* | 150000 | 155366 |
| 3.42%, 12/20/28 *(a)(b)* | 700000 | 692951 |
| 4.98%, 01/24/29 *(a)(b)* | 300000 | 305337 |
| 3.97%, 03/05/29 *(a)(b)* | 400000 | 399788 |
| 5.20%, 04/25/29 *(a)(b)* | 500000 | 512340 |
| 4.62%, 05/09/29 *(a)(b)* | 300000 | 304227 |
| 2.09%, 06/14/29 *(a)(b)* | 400000 | 383356 |
| 4.27%, 07/23/29 *(a)(b)* | 500000 | 502855 |
| 5.82%, 09/15/29 *(a)(b)* | 450000 | 469413 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.97%, 02/07/30 *(a)(b)* | 400000 | 399636 |
| 3.19%, 07/23/30 *(a)(b)* | 350000 | 340441 |
| 2.88%, 10/22/30 *(a)(b)* | 200000 | 191704 |
| 5.16%, 01/24/31 *(a)(b)* | 400000 | 415188 |
| 2.50%, 02/13/31 *(a)(b)* | 500000 | 469615 |
| 2.59%, 04/29/31 *(a)(b)* | 350000 | 329024 |
| 1.90%, 07/23/31 *(a)(b)* | 570000 | 517400 |
| 1.92%, 10/24/31 *(a)(b)* | 400000 | 360836 |
| 4.46%, 02/06/32 *(a)(b)* | 275000 | 277068 |
| **Bank of Montreal** | **Bank of Montreal** | **Bank of Montreal** |
| 2.65%, 03/08/27  | 100000 | 98946 |
| 5.37%, 06/04/27  | 100000 | 101907 |
| 4.70%, 09/14/27 *(a)* | 200000 | 202568 |
| 5.20%, 02/01/28 *(a)* | 200000 | 205068 |
| 4.06%, 09/22/28 *(a)(b)* | 100000 | 100267 |
| 5.72%, 09/25/28 *(a)* | 200000 | 208576 |
| 5.00%, 01/27/29 *(a)(b)* | 100000 | 101986 |
| 4.64%, 09/10/30 *(a)(b)* | 100000 | 101823 |
| 4.35%, 09/22/31 *(a)(b)* | 130000 | 130855 |
| 4.44%, 01/14/32 *(a)(b)* | 150000 | 150870 |
| 3.80%, 12/15/32 *(a)(b)* | 200000 | 198424 |
| **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** |
| 3.25%, 05/16/27 *(a)* | 200000 | 199178 |
| 3.40%, 01/29/28 *(a)* | 200000 | 198994 |
| 4.44%, 06/09/28 *(a)(b)* | 100000 | 100738 |
| 3.99%, 06/13/28 *(a)(b)* | 150000 | 150296 |
| 5.80%, 10/25/28 *(a)(b)* | 200000 | 206238 |
| 3.00%, 10/30/28 *(a)* | 150000 | 146459 |
| 4.54%, 02/01/29 *(a)(b)* | 100000 | 101171 |
| 3.85%, 04/26/29 *(a)* | 150000 | 150629 |
| 3.30%, 08/23/29 *(a)* | 50000 | 48885 |
| 6.32%, 10/25/29 *(a)(b)* | 150000 | 158775 |
| 4.03%, 01/22/30 *(a)(b)* | 170000 | 170323 |
| 4.98%, 03/14/30 *(a)(b)* | 150000 | 154410 |
| 1.65%, 01/28/31 *(a)* | 60000 | 53959 |
| 4.94%, 02/11/31 *(a)(b)* | 200000 | 206348 |
| **Bank of Nova Scotia** | **Bank of Nova Scotia** | **Bank of Nova Scotia** |
| 2.95%, 03/11/27  | 200000 | 198500 |
| 4.40%, 09/08/28 *(a)(b)* | 100000 | 100661 |
| 4.04%, 09/15/28 *(a)(b)* | 110000 | 110165 |
| 4.93%, 02/14/29 *(a)(b)* | 200000 | 203734 |
| 5.45%, 08/01/29  | 50000 | 52372 |
| 4.85%, 02/01/30  | 200000 | 205854 |
| 4.25%, 02/02/30 *(a)(b)* | 190000 | 191062 |
| 5.13%, 02/14/31 *(a)(b)* | 150000 | 155405 |
| 4.34%, 09/15/31 *(a)(b)* | 110000 | 110348 |
| **BankUnited, Inc.** | **BankUnited, Inc.** | **BankUnited, Inc.** |
| 5.13%, 06/11/30 *(a)* | 40000 | 40466 |
| **Barclays PLC** | **Barclays PLC** | **Barclays PLC** |
| 4.34%, 01/10/28 *(a)* | 200000 | 200486 |
| 5.67%, 03/12/28 *(a)(b)* | 200000 | 203162 |
| 4.84%, 05/09/28 *(a)* | 300000 | 302286 |
| 5.50%, 08/09/28 *(a)(b)* | 200000 | 203920 |
| 7.39%, 11/02/28 *(a)(b)* | 200000 | 210550 |
| 5.09%, 02/25/29 *(a)(b)* | 200000 | 203732 |
| 4.97%, 05/16/29 *(a)(b)* | 300000 | 305328 |
| 6.49%, 09/13/29 *(a)(b)* | 200000 | 211228 |
| 4.48%, 11/11/29 *(a)(b)* | 200000 | 201572 |
| 5.69%, 03/12/30 *(a)(b)* | 300000 | 312753 |
| 5.09%, 06/20/30 *(a)(b)* | 200000 | 204052 |
| 4.94%, 09/10/30 *(a)(b)* | 200000 | 204556 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**99**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.37%, 02/25/31 *(a)(b)* | 200000 | 207642 |
| 2.65%, 06/24/31 *(a)(b)* | 200000 | 186940 |
| 4.52%, 02/24/32 *(a)(b)* | 200000 | 200310 |
| 3.56%, 09/23/35 *(a)(b)* | 200000 | 190736 |
| **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** |
| 3.45%, 04/07/27 *(a)* | 250000 | 249228 |
| 5.00%, 04/28/28 *(a)* | 150000 | 153480 |
| 4.24%, 09/08/28 *(a)(b)* | 110000 | 110542 |
| 5.99%, 10/03/28 *(a)* | 250000 | 262365 |
| 4.86%, 03/30/29 *(a)(b)* | 200000 | 203588 |
| 5.26%, 04/08/29 *(a)* | 200000 | 207512 |
| 4.28%, 01/29/30 *(a)(b)* | 220000 | 221505 |
| 4.63%, 09/11/30 *(a)(b)* | 100000 | 101788 |
| 5.25%, 01/13/31 *(a)(b)* | 100000 | 103892 |
| 4.58%, 09/08/31 *(a)(b)* | 130000 | 132077 |
| **Capital One Financial Corp.** | **Capital One Financial Corp.** | **Capital One Financial Corp.** |
| 3.65%, 05/11/27 *(a)* | 250000 | 249200 |
| 3.80%, 01/31/28 *(a)* | 200000 | 199406 |
| 4.93%, 05/10/28 *(a)(b)* | 200000 | 202066 |
| 5.47%, 02/01/29 *(a)(b)* | 250000 | 256367 |
| 6.31%, 06/08/29 *(a)(b)* | 250000 | 261455 |
| 5.70%, 02/01/30 *(a)(b)* | 150000 | 156251 |
| 3.27%, 03/01/30 *(a)(b)* | 250000 | 243893 |
| 5.25%, 07/26/30 *(a)(b)* | 100000 | 103315 |
| 5.46%, 07/26/30 *(a)(b)* | 200000 | 207548 |
| 4.49%, 09/11/31 *(a)(b)* | 160000 | 160107 |
| 7.62%, 10/30/31 *(a)(b)* | 280000 | 316417 |
| 4.72%, 01/30/32 *(a)(b)* | 200000 | 201586 |
| **Citibank NA** | **Citibank NA** | **Citibank NA** |
| 4.58%, 05/29/27 *(a)* | 250000 | 252242 |
| 5.80%, 09/29/28 *(a)* | 350000 | 366520 |
| 4.84%, 08/06/29 *(a)* | 250000 | 256857 |
| 4.91%, 05/29/30 *(a)* | 300000 | 309810 |
| **Citigroup, Inc.** | **Citigroup, Inc.** | **Citigroup, Inc.** |
| 4.45%, 09/29/27  | 600000 | 603654 |
| 6.63%, 01/15/28  | 50000 | 52543 |
| 4.64%, 05/07/28 *(a)(b)* | 300000 | 302136 |
| 4.66%, 05/24/28 *(a)(b)* | 250000 | 251883 |
| 3.67%, 07/24/28 *(a)(b)* | 350000 | 348365 |
| 4.13%, 07/25/28  | 300000 | 300441 |
| 3.52%, 10/27/28 *(a)(b)* | 300000 | 297756 |
| 4.79%, 03/04/29 *(a)(b)* | 300000 | 304431 |
| 4.08%, 04/23/29 *(a)(b)* | 300000 | 300303 |
| 5.17%, 02/13/30 *(a)(b)* | 400000 | 412144 |
| 3.98%, 03/20/30 *(a)(b)* | 400000 | 398780 |
| 4.54%, 09/19/30 *(a)(b)* | 400000 | 404700 |
| 2.98%, 11/05/30 *(a)(b)* | 300000 | 287571 |
| 2.67%, 01/29/31 *(a)(b)* | 300000 | 283278 |
| 4.41%, 03/31/31 *(a)(b)* | 600000 | 603264 |
| 4.95%, 05/07/31 *(a)(b)* | 300000 | 308208 |
| 2.57%, 06/03/31 *(a)(b)* | 485000 | 453451 |
| 4.50%, 09/11/31 *(a)(b)* | 400000 | 403232 |
| 5.59%, 11/19/34 *(a)(b)* | 175000 | 180535 |
| **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** |
| 5.84%, 01/23/30 *(a)(b)* | 200000 | 209128 |
| 3.25%, 04/30/30 *(a)* | 150000 | 144266 |
| 5.25%, 03/05/31 *(a)(b)* | 100000 | 103161 |
| 5.30%, 01/29/36 *(a)(b)* | 60000 | 60797 |
| **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** |
| 4.42%, 03/14/28  | 250000 | 253677 |
| **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** |
| 4.80%, 01/09/29  | 250000 | 256995 |
| 4.49%, 10/17/29  | 250000 | 255865 |
| **Deutsche Bank AG** | **Deutsche Bank AG** | **Deutsche Bank AG** |
| 5.37%, 01/10/29 *(a)(b)* | 200000 | 204386 |
| 6.72%, 01/18/29 *(a)(b)* | 200000 | 209172 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.41%, 05/10/29  | 150000 | 156419 |
| 6.82%, 11/20/29 *(a)(b)* | 250000 | 266317 |
| 5.00%, 09/11/30 *(a)(b)* | 150000 | 153231 |
| 5.30%, 05/09/31 *(a)(b)* | 200000 | 206554 |
| 5.88%, 07/08/31 *(a)(b)* | 200000 | 208464 |
| 4.95%, 08/04/31 *(a)(b)* | 230000 | 234292 |
| 3.55%, 09/18/31 *(a)(b)* | 190000 | 182516 |
| 4.47%, 12/10/31 *(a)(b)* | 150000 | 150921 |
| 3.73%, 01/14/32 *(a)(b)* | 200000 | 190474 |
| 4.73%, 02/06/32 *(a)(b)* | 150000 | 151283 |
| 4.88%, 12/01/32 *(a)(b)* | 200000 | 200808 |
| **Fifth Third Bancorp** | **Fifth Third Bancorp** | **Fifth Third Bancorp** |
| 2.55%, 05/05/27 *(a)* | 175000 | 172366 |
| 3.95%, 03/14/28 *(a)* | 100000 | 100044 |
| 6.36%, 10/27/28 *(a)(b)* | 250000 | 259510 |
| 6.34%, 07/27/29 *(a)(b)* | 200000 | 210328 |
| 4.77%, 07/28/30 *(a)(b)* | 100000 | 101664 |
| 4.90%, 09/06/30 *(a)(b)* | 100000 | 102135 |
| 5.63%, 01/29/32 *(a)(b)* | 150000 | 158166 |
| **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** |
| 5.98%, 01/30/30 *(a)(b)* | 150000 | 157256 |
| **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** |
| 5.23%, 03/12/31 *(a)(b)* | 100000 | 101609 |
| 5.60%, 09/05/35 *(a)(b)* | 80000 | 80462 |
| **First Horizon Bank** | **First Horizon Bank** | **First Horizon Bank** |
| 5.75%, 05/01/30 *(a)* | 250000 | 260197 |
| **FNB Corp.** | **FNB Corp.** | **FNB Corp.** |
| 5.72%, 12/11/30 *(a)(b)* | 75000 | 77150 |
| **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** |
| 3.62%, 03/15/28 *(a)(b)* | 600000 | 597300 |
| 4.94%, 04/23/28 *(a)(b)* | 350000 | 353388 |
| 3.69%, 06/05/28 *(a)(b)* | 375000 | 373421 |
| 4.48%, 08/23/28 *(a)(b)* | 350000 | 352306 |
| 4.15%, 01/21/29 *(a)(b)* | 520000 | 520213 |
| 3.81%, 04/23/29 *(a)(b)* | 400000 | 397728 |
| 4.22%, 05/01/29 *(a)(b)* | 400000 | 401112 |
| 4.15%, 10/21/29 *(a)(b)* | 340000 | 340231 |
| 6.48%, 10/24/29 *(a)(b)* | 500000 | 529395 |
| 2.60%, 02/07/30 *(a)* | 250000 | 236435 |
| 3.80%, 03/15/30 *(a)* | 300000 | 297153 |
| 5.73%, 04/25/30 *(a)(b)* | 350000 | 365715 |
| 5.05%, 07/23/30 *(a)(b)* | 300000 | 307788 |
| 4.69%, 10/23/30 *(a)(b)* | 300000 | 304857 |
| 5.21%, 01/28/31 *(a)(b)* | 300000 | 310770 |
| 5.22%, 04/23/31 *(a)(b)* | 400000 | 414264 |
| 4.37%, 10/21/31 *(a)(b)* | 410000 | 410090 |
| 4.52%, 01/21/32 *(a)(b)* | 520000 | 523250 |
| 1.99%, 01/27/32 *(a)(b)* | 310000 | 277416 |
| **HSBC Holdings PLC** | **HSBC Holdings PLC** | **HSBC Holdings PLC** |
| 4.04%, 03/13/28 *(a)(b)* | 400000 | 400212 |
| 5.60%, 05/17/28 *(a)(b)* | 300000 | 305463 |
| 4.76%, 06/09/28 *(a)(b)* | 400000 | 403532 |
| 5.21%, 08/11/28 *(a)(b)* | 250000 | 253985 |
| 2.01%, 09/22/28 *(a)(b)* | 200000 | 194000 |
| 7.39%, 11/03/28 *(a)(b)* | 250000 | 263425 |
| 5.13%, 11/19/28 *(a)(b)* | 200000 | 203662 |
| 4.90%, 03/03/29 *(a)(b)* | 200000 | 203236 |
| 6.16%, 03/09/29 *(a)(b)* | 200000 | 208050 |
| 4.58%, 06/19/29 *(a)(b)* | 500000 | 505105 |
| 2.21%, 08/17/29 *(a)(b)* | 200000 | 191186 |
| 5.55%, 03/04/30 *(a)(b)* | 225000 | 233948 |
| 4.95%, 03/31/30  | 400000 | 412444 |
| 3.97%, 05/22/30 *(a)(b)* | 500000 | 496965 |
| 5.29%, 11/19/30 *(a)(b)* | 300000 | 311010 |
| 5.13%, 03/03/31 *(a)(b)* | 200000 | 206406 |
| 5.24%, 05/13/31 *(a)(b)* | 400000 | 414476 |

---

*See financial notes*

**100**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.85%, 06/04/31 *(a)(b)* | 200000 | 188846 |
| 2.36%, 08/18/31 *(a)(b)* | 200000 | 184270 |
| 4.62%, 11/06/31 *(a)(b)* | 310000 | 313565 |
| **HSBC USA, Inc.** | **HSBC USA, Inc.** | **HSBC USA, Inc.** |
| 5.29%, 03/04/27  | 200000 | 202942 |
| 4.65%, 06/03/28  | 200000 | 203366 |
| **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** |
| 6.21%, 08/21/29 *(a)(b)* | 200000 | 210096 |
| 5.27%, 01/15/31 *(a)(b)* | 200000 | 207062 |
| 4.62%, 01/28/32 *(a)(b)* | 140000 | 141397 |
| **Huntington National Bank** | **Huntington National Bank** | **Huntington National Bank** |
| 4.55%, 05/17/28 *(a)(b)* | 250000 | 251815 |
| 5.65%, 01/10/30 *(a)* | 250000 | 263330 |
| **Independent Bank Corp.** | **Independent Bank Corp.** | **Independent Bank Corp.** |
| 7.25%, 04/01/35 *(a)(b)* | 50000 | 53099 |
| **ING Groep NV** | **ING Groep NV** | **ING Groep NV** |
| 3.95%, 03/29/27  | 200000 | 200228 |
| 4.02%, 03/28/28 *(a)(b)* | 300000 | 300159 |
| 4.55%, 10/02/28  | 300000 | 304116 |
| 4.05%, 04/09/29  | 200000 | 200274 |
| 5.34%, 03/19/30 *(a)(b)* | 200000 | 207210 |
| **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** |
| 8.00%, 04/29/27  | 70000 | 73254 |
| 4.25%, 10/01/27  | 200000 | 201460 |
| 3.63%, 12/01/27 *(a)* | 150000 | 149276 |
| 5.57%, 04/22/28 *(a)(b)* | 300000 | 305205 |
| 4.32%, 04/26/28 *(a)(b)* | 500000 | 501780 |
| 3.54%, 05/01/28 *(a)(b)* | 300000 | 298338 |
| 2.18%, 06/01/28 *(a)(b)* | 350000 | 342510 |
| 4.98%, 07/22/28 *(a)(b)* | 350000 | 354476 |
| 4.85%, 07/25/28 *(a)(b)* | 600000 | 607038 |
| 4.51%, 10/22/28 *(a)(b)* | 200000 | 201760 |
| 3.51%, 01/23/29 *(a)(b)* | 350000 | 347095 |
| 4.92%, 01/24/29 *(a)(b)* | 300000 | 305400 |
| 4.01%, 04/23/29 *(a)(b)* | 350000 | 350045 |
| 2.07%, 06/01/29 *(a)(b)* | 250000 | 239760 |
| 4.20%, 07/23/29 *(a)(b)* | 350000 | 351554 |
| 5.30%, 07/24/29 *(a)(b)* | 400000 | 411700 |
| 6.09%, 10/23/29 *(a)(b)* | 320000 | 336250 |
| 4.45%, 12/05/29 *(a)(b)* | 350000 | 353769 |
| 5.01%, 01/23/30 *(a)(b)* | 350000 | 359709 |
| 5.58%, 04/22/30 *(a)(b)* | 400000 | 417928 |
| 3.70%, 05/06/30 *(a)(b)* | 300000 | 297012 |
| 4.57%, 06/14/30 *(a)(b)* | 250000 | 253905 |
| 5.00%, 07/22/30 *(a)(b)* | 400000 | 412172 |
| 8.75%, 09/01/30  | 70000 | 82723 |
| 2.74%, 10/15/30 *(a)(b)* | 500000 | 478115 |
| 4.60%, 10/22/30 *(a)(b)* | 350000 | 356531 |
| 5.14%, 01/24/31 *(a)(b)* | 300000 | 311310 |
| 4.49%, 03/24/31 *(a)(b)* | 400000 | 405600 |
| 2.52%, 04/22/31 *(a)(b)* | 350000 | 328461 |
| 5.10%, 04/22/31 *(a)(b)* | 350000 | 362960 |
| 2.96%, 05/13/31 *(a)(b)* | 400000 | 380572 |
| 4.26%, 10/22/31 *(a)(b)* | 270000 | 270772 |
| 1.76%, 11/19/31 *(a)(b)* | 220000 | 197113 |
| 4.35%, 01/22/32 *(a)(b)* | 360000 | 361800 |
| 1.95%, 02/04/32 *(a)(b)* | 375000 | 336424 |
| **Keybank National Association** | **Keybank National Association** | **Keybank National Association** |
| 3.90%, 04/13/29  | 250000 | 247518 |
| **KeyCorp** | **KeyCorp** | **KeyCorp** |
| 2.25%, 04/06/27  | 250000 | 245468 |
| 4.10%, 04/30/28  | 100000 | 100345 |
| 2.55%, 10/01/29  | 100000 | 95041 |
| 5.12%, 04/04/31 *(a)(b)* | 100000 | 102600 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** |
| 3.75%, 03/18/28 *(a)(b)* | 250000 | 249493 |
| 4.38%, 03/22/28  | 200000 | 201666 |
| 4.55%, 08/16/28  | 200000 | 202830 |
| 3.57%, 11/07/28 *(a)(b)* | 300000 | 298083 |
| 5.87%, 03/06/29 *(a)(b)* | 200000 | 207294 |
| 4.82%, 06/13/29 *(a)(b)* | 200000 | 203336 |
| 4.24%, 02/10/30 *(a)(b)* | 200000 | 200992 |
| 5.72%, 06/05/30 *(a)(b)* | 200000 | 210008 |
| 4.43%, 11/04/31 *(a)(b)* | 200000 | 200904 |
| **M&T Bank Corp.** | **M&T Bank Corp.** | **M&T Bank Corp.** |
| 7.41%, 10/30/29 *(a)(b)* | 100000 | 108469 |
| 5.18%, 07/08/31 *(a)(b)* | 100000 | 103303 |
| 5.40%, 07/30/35 *(a)(b)* | 100000 | 101573 |
| **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** |
| 4.70%, 01/27/28 *(a)* | 250000 | 253667 |
| 4.76%, 07/06/28 *(a)(b)* | 250000 | 252397 |
| **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** |
| 3.29%, 07/25/27  | 200000 | 198794 |
| 3.96%, 03/02/28  | 200000 | 200602 |
| 5.35%, 09/13/28 *(a)(b)* | 250000 | 255327 |
| 5.42%, 02/22/29 *(a)(b)* | 200000 | 205536 |
| 3.74%, 03/07/29  | 200000 | 199276 |
| 5.24%, 04/19/29 *(a)(b)* | 200000 | 205286 |
| 3.20%, 07/18/29  | 200000 | 194822 |
| 2.56%, 02/25/30  | 200000 | 189022 |
| 5.26%, 04/17/30 *(a)(b)* | 200000 | 207062 |
| 2.05%, 07/17/30  | 200000 | 183736 |
| 5.20%, 01/16/31 *(a)(b)* | 200000 | 207556 |
| 5.16%, 04/24/31 *(a)(b)* | 200000 | 207542 |
| 4.53%, 09/12/31 *(a)(b)* | 200000 | 202536 |
| 4.51%, 01/14/32 *(a)(b)* | 200000 | 201936 |
| **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** |
| 4.02%, 03/05/28  | 200000 | 200930 |
| 5.41%, 09/13/28 *(a)(b)* | 200000 | 204580 |
| 5.67%, 05/27/29 *(a)(b)* | 200000 | 207264 |
| 5.78%, 07/06/29 *(a)(b)* | 200000 | 208048 |
| 4.25%, 09/11/29 *(a)(b)* | 200000 | 201188 |
| 5.38%, 05/26/30 *(a)(b)* | 200000 | 207768 |
| 5.38%, 07/10/30 *(a)(b)* | 200000 | 207996 |
| 3.15%, 07/16/30 *(a)(b)* | 200000 | 194050 |
| 5.10%, 05/13/31 *(a)(b)* | 200000 | 207044 |
| 5.74%, 05/27/31 *(a)(b)* | 200000 | 212046 |
| 2.20%, 07/10/31 *(a)(b)* | 200000 | 184164 |
| **Morgan Stanley** | **Morgan Stanley** | **Morgan Stanley** |
| 3.95%, 04/23/27  | 300000 | 299916 |
| 5.65%, 04/13/28 *(a)(b)* | 200000 | 203592 |
| 4.21%, 04/20/28 *(a)(b)* | 200000 | 200394 |
| 3.59%, 07/22/28 *(a)* | 500000 | 497185 |
| 6.30%, 10/18/28 *(a)(b)* | 400000 | 414516 |
| 3.77%, 01/24/29 *(a)(b)* | 450000 | 448209 |
| 5.12%, 02/01/29 *(a)(b)* | 300000 | 306219 |
| 4.99%, 04/12/29 *(a)(b)* | 300000 | 305508 |
| 5.16%, 04/20/29 *(a)(b)* | 350000 | 357906 |
| 5.45%, 07/20/29 *(a)(b)* | 350000 | 360937 |
| 4.13%, 10/18/29 *(a)(b)* | 290000 | 290476 |
| 6.41%, 11/01/29 *(a)(b)* | 300000 | 317430 |
| 4.24%, 01/09/30 *(a)(b)* | 350000 | 351232 |
| 5.17%, 01/16/30 *(a)(b)* | 385000 | 395726 |
| 4.43%, 01/23/30 *(a)(b)* | 450000 | 454135 |
| 5.66%, 04/18/30 *(a)(b)* | 350000 | 365645 |
| 5.04%, 07/19/30 *(a)(b)* | 300000 | 308433 |
| 4.65%, 10/18/30 *(a)(b)* | 400000 | 406604 |
| 5.23%, 01/15/31 *(a)(b)* | 300000 | 310695 |
| 2.70%, 01/22/31 *(a)(b)* | 400000 | 378376 |
| 3.62%, 04/01/31 *(a)(b)* | 400000 | 391116 |
| 5.19%, 04/17/31 *(a)(b)* | 450000 | 466078 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**101**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.36%, 10/22/31 *(a)(b)* | 340000 | 340520 |
| 4.49%, 01/16/32 *(a)(b)* | 450000 | 452560 |
| 1.79%, 02/13/32 *(a)(b)* | 350000 | 309942 |
| **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** |
| 5.50%, 05/26/28 *(a)(b)* | 300000 | 305439 |
| 4.97%, 07/14/28 *(a)(b)* | 250000 | 253310 |
| 5.02%, 01/12/29 *(a)(b)* | 300000 | 305823 |
| **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** |
| 4.47%, 07/06/28 *(a)(b)* | 260000 | 261750 |
| 4.20%, 11/17/28 *(a)(b)* | 250000 | 250938 |
| 4.21%, 02/08/30 *(a)(b)* | 350000 | 351725 |
| 4.73%, 07/18/31 *(a)(b)* | 400000 | 407296 |
| 4.47%, 11/19/31 *(a)(b)* | 410000 | 412468 |
| **National Australia Bank Ltd.** | **National Australia Bank Ltd.** | **National Australia Bank Ltd.** |
| 3.91%, 06/09/27  | 275000 | 275880 |
| 4.31%, 06/13/28  | 250000 | 253212 |
| 4.90%, 06/13/28  | 250000 | 256432 |
| 4.79%, 01/10/29  | 250000 | 257372 |
| 4.53%, 06/13/30  | 250000 | 256362 |
| **National Bank of Canada** | **National Bank of Canada** | **National Bank of Canada** |
| 5.60%, 12/18/28  | 250000 | 260987 |
| 4.50%, 10/10/29  | 250000 | 254037 |
| **NatWest Group PLC** | **NatWest Group PLC** | **NatWest Group PLC** |
| 3.07%, 05/22/28 *(a)(b)* | 200000 | 197948 |
| 5.52%, 09/30/28 *(a)(b)* | 200000 | 204738 |
| 4.89%, 05/18/29 *(a)(b)* | 100000 | 101796 |
| 5.81%, 09/13/29 *(a)(b)* | 200000 | 208418 |
| 5.08%, 01/27/30 *(a)(b)* | 300000 | 307833 |
| 4.45%, 05/08/30 *(a)(b)* | 200000 | 201678 |
| 4.96%, 08/15/30 *(a)(b)* | 200000 | 204918 |
| 5.12%, 05/23/31 *(a)(b)* | 200000 | 206350 |
| 6.48%, 06/01/34 *(a)(b)* | 200000 | 211044 |
| 3.03%, 11/28/35 *(a)(b)* | 200000 | 186368 |
| **Northern Trust Corp.** | **Northern Trust Corp.** | **Northern Trust Corp.** |
| 4.00%, 05/10/27 *(a)* | 200000 | 200656 |
| 3.65%, 08/03/28 *(a)* | 50000 | 50017 |
| 3.15%, 05/03/29 *(a)* | 50000 | 49093 |
| 1.95%, 05/01/30 *(a)* | 100000 | 92387 |
| 4.15%, 11/19/30  | 70000 | 70606 |
| **Pinnacle Financial Partners, Inc.** | **Pinnacle Financial Partners, Inc.** | **Pinnacle Financial Partners, Inc.** |
| 6.17%, 11/01/30 *(a)(b)* | 75000 | 78572 |
| **PNC Bank NA** | **PNC Bank NA** | **PNC Bank NA** |
| 4.43%, 07/21/28 *(a)(b)* | 250000 | 251698 |
| 4.05%, 07/26/28  | 250000 | 250385 |
| **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** |
| 5.35%, 12/02/28 *(a)(b)* | 250000 | 256370 |
| 4.08%, 01/26/29 *(a)(b)* | 170000 | 170544 |
| 3.45%, 04/23/29 *(a)* | 250000 | 247500 |
| 5.58%, 06/12/29 *(a)(b)* | 250000 | 259035 |
| 2.55%, 01/22/30 *(a)* | 250000 | 237050 |
| 5.49%, 05/14/30 *(a)(b)* | 250000 | 261102 |
| 5.22%, 01/29/31 *(a)(b)* | 100000 | 103891 |
| 4.90%, 05/13/31 *(a)(b)* | 200000 | 205488 |
| **Regions Financial Corp.** | **Regions Financial Corp.** | **Regions Financial Corp.** |
| 5.72%, 06/06/30 *(a)(b)* | 150000 | 157145 |
| **Royal Bank of Canada** | **Royal Bank of Canada** | **Royal Bank of Canada** |
| 3.63%, 05/04/27  | 250000 | 249680 |
| 4.24%, 08/03/27  | 250000 | 251658 |
| 6.00%, 11/01/27  | 250000 | 258940 |
| 4.90%, 01/12/28  | 150000 | 153189 |
| 4.72%, 03/27/28 *(a)(b)* | 200000 | 201812 |
| 5.20%, 08/01/28  | 150000 | 154580 |
| 4.52%, 10/18/28 *(a)(b)* | 100000 | 101028 |
| 4.00%, 11/03/28 *(a)(b)* | 100000 | 100153 |
| 4.97%, 01/24/29 *(a)(b)* | 200000 | 204044 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.95%, 02/01/29  | 150000 | 154796 |
| 4.50%, 08/06/29 *(a)(b)* | 100000 | 101242 |
| 4.97%, 08/02/30 *(a)(b)* | 175000 | 180101 |
| 4.65%, 10/18/30 *(a)(b)* | 250000 | 254970 |
| 5.15%, 02/04/31 *(a)(b)* | 275000 | 285392 |
| 4.97%, 05/02/31 *(a)(b)* | 100000 | 103238 |
| 4.70%, 08/06/31 *(a)(b)* | 130000 | 132907 |
| 4.31%, 11/03/31 *(a)(b)* | 140000 | 140913 |
| **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** |
| 4.40%, 07/13/27 *(a)* | 175000 | 175310 |
| 6.50%, 03/09/29 *(a)(b)* | 125000 | 130201 |
| 5.47%, 03/20/29 *(a)(b)* | 100000 | 102243 |
| 6.57%, 06/12/29 *(a)(b)* | 50000 | 52258 |
| 6.17%, 01/09/30 *(a)(b)* | 125000 | 130485 |
| 5.35%, 09/06/30 *(a)(b)* | 100000 | 102898 |
| 5.74%, 03/20/31 *(a)(b)* | 100000 | 104108 |
| 7.66%, 11/09/31 *(a)(b)* | 80000 | 90326 |
| **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** |
| 3.82%, 11/03/28 *(a)(b)* | 200000 | 199188 |
| 4.32%, 09/22/29 *(a)(b)* | 200000 | 200758 |
| 4.86%, 09/11/30 *(a)(b)* | 200000 | 203718 |
| 5.69%, 04/15/31 *(a)(b)* | 200000 | 210030 |
| **Simmons First National Corp.** | **Simmons First National Corp.** | **Simmons First National Corp.** |
| 6.25%, 10/01/35 *(a)(b)* | 40000 | 40705 |
| **Southstate Bank Corp.** | **Southstate Bank Corp.** | **Southstate Bank Corp.** |
| 7.00%, 06/13/35 *(a)(b)* | 50000 | 53088 |
| **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** |
| 4.78%, 11/23/29  | 250000 | 258305 |
| **State Street Corp.** | **State Street Corp.** | **State Street Corp.** |
| 4.99%, 03/18/27 *(a)* | 100000 | 101220 |
| 4.33%, 10/22/27 *(a)* | 100000 | 100953 |
| 4.54%, 02/28/28 *(a)* | 250000 | 253997 |
| 5.82%, 11/04/28 *(a)(b)* | 75000 | 77372 |
| 4.53%, 02/20/29 *(a)(b)* | 100000 | 101313 |
| 5.68%, 11/21/29 *(a)(b)* | 150000 | 156848 |
| 4.14%, 12/03/29 *(a)(b)* | 100000 | 100715 |
| 2.40%, 01/24/30  | 100000 | 95126 |
| 4.83%, 04/24/30 *(a)* | 200000 | 206142 |
| 3.15%, 03/30/31 *(a)(b)* | 100000 | 96937 |
| 3.03%, 11/01/34 *(a)(b)* | 75000 | 71671 |
| **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** |
| 3.36%, 07/12/27  | 200000 | 198866 |
| 5.52%, 01/13/28  | 250000 | 257620 |
| 3.54%, 01/17/28  | 200000 | 198942 |
| 5.80%, 07/13/28  | 200000 | 208438 |
| 5.72%, 09/14/28  | 200000 | 208510 |
| 1.90%, 09/17/28  | 250000 | 237670 |
| 3.04%, 07/16/29  | 400000 | 387512 |
| 2.72%, 09/27/29  | 200000 | 191352 |
| 5.71%, 01/13/30  | 200000 | 211592 |
| 2.75%, 01/15/30  | 250000 | 238158 |
| 2.13%, 07/08/30  | 200000 | 184192 |
| 5.85%, 07/13/30  | 200000 | 213578 |
| 2.14%, 09/23/30  | 70000 | 64138 |
| 4.66%, 07/08/31 *(a)(b)* | 200000 | 203668 |
| 4.49%, 01/15/32 *(a)(b)* | 200000 | 202126 |
| **Synchrony Bank** | **Synchrony Bank** | **Synchrony Bank** |
| 5.63%, 08/23/27 *(a)* | 250000 | 254762 |
| **Synchrony Financial** | **Synchrony Financial** | **Synchrony Financial** |
| 3.95%, 12/01/27 *(a)* | 50000 | 49792 |
| 5.15%, 03/19/29 *(a)* | 100000 | 101653 |
| 5.02%, 07/29/29 *(a)(b)* | 70000 | 70879 |
| 5.94%, 08/02/30 *(a)(b)* | 50000 | 51906 |
| 5.45%, 03/06/31 *(a)(b)* | 100000 | 102255 |
| 4.95%, 02/25/32 *(a)(b)* | 100000 | 99440 |

---

*See financial notes*

**102**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Toronto-Dominion Bank** | **Toronto-Dominion Bank** | **Toronto-Dominion Bank** |
| 2.80%, 03/10/27  | 250000 | 247705 |
| 4.11%, 06/08/27  | 250000 | 250863 |
| 4.69%, 09/15/27  | 300000 | 303963 |
| 5.16%, 01/10/28  | 200000 | 204596 |
| 3.91%, 01/13/28  | 140000 | 140186 |
| 4.86%, 01/31/28  | 250000 | 254567 |
| 4.57%, 06/02/28  | 100000 | 101439 |
| 5.52%, 07/17/28  | 150000 | 155447 |
| 4.11%, 10/13/28  | 140000 | 140671 |
| 4.99%, 04/05/29  | 100000 | 103009 |
| 4.78%, 12/17/29  | 125000 | 128683 |
| 4.81%, 06/03/30  | 190000 | 195350 |
| 4.41%, 01/13/31  | 130000 | 131598 |
| 5.15%, 09/10/34 *(a)(b)* | 100000 | 102120 |
| **Truist Bank** | **Truist Bank** | **Truist Bank** |
| 4.42%, 07/24/28 *(a)(b)* | 250000 | 251548 |
| 4.14%, 10/23/29 *(a)(b)* | 250000 | 250238 |
| 2.25%, 03/11/30 *(a)* | 250000 | 231125 |
| **Truist Financial Corp.** | **Truist Financial Corp.** | **Truist Financial Corp.** |
| 1.13%, 08/03/27 *(a)* | 150000 | 144528 |
| 4.87%, 01/26/29 *(a)(b)* | 250000 | 253942 |
| 1.89%, 06/07/29 *(a)(b)* | 200000 | 191148 |
| 7.16%, 10/30/29 *(a)(b)* | 250000 | 269060 |
| 5.44%, 01/24/30 *(a)(b)* | 150000 | 155654 |
| 1.95%, 06/05/30 *(a)* | 90000 | 82686 |
| 5.07%, 05/20/31 *(a)(b)* | 200000 | 206360 |
| 4.60%, 01/27/32 *(a)(b)* | 170000 | 171897 |
| **U.S. Bancorp** | **U.S. Bancorp** | **U.S. Bancorp** |
| 3.15%, 04/27/27 *(a)* | 150000 | 149154 |
| 4.55%, 07/22/28 *(a)(b)* | 200000 | 201696 |
| 4.65%, 02/01/29 *(a)(b)* | 300000 | 304038 |
| 5.78%, 06/12/29 *(a)(b)* | 250000 | 259820 |
| 5.38%, 01/23/30 *(a)(b)* | 250000 | 259342 |
| 1.38%, 07/22/30 *(a)* | 140000 | 125244 |
| 5.10%, 07/23/30 *(a)(b)* | 200000 | 206858 |
| 5.05%, 02/12/31 *(a)(b)* | 200000 | 206604 |
| 5.08%, 05/15/31 *(a)(b)* | 200000 | 206936 |
| 4.48%, 01/26/32 *(a)(b)* | 170000 | 172011 |
| **U.S. Bank NA** | **U.S. Bank NA** | **U.S. Bank NA** |
| 4.73%, 05/15/28 *(a)(b)* | 250000 | 252412 |
| **UBS AG** | **UBS AG** | **UBS AG** |
| 5.65%, 09/11/28  | 250000 | 260807 |
| **Webster Financial Corp.** | **Webster Financial Corp.** | **Webster Financial Corp.** |
| 5.78%, 09/11/35 *(a)(b)* | 50000 | 51594 |
| **Wells Fargo & Co.** | **Wells Fargo & Co.** | **Wells Fargo & Co.** |
| 4.30%, 07/22/27  | 400000 | 401528 |
| 3.53%, 03/24/28 *(a)(b)* | 500000 | 497435 |
| 5.71%, 04/22/28 *(a)(b)* | 400000 | 407376 |
| 3.58%, 05/22/28 *(a)(b)* | 500000 | 497445 |
| 2.39%, 06/02/28 *(a)(b)* | 500000 | 490195 |
| 4.81%, 07/25/28 *(a)(b)* | 500000 | 505390 |
| 4.15%, 01/24/29 *(a)* | 350000 | 352191 |
| 4.97%, 04/23/29 *(a)(b)* | 250000 | 254910 |
| 5.57%, 07/25/29 *(a)(b)* | 700000 | 724500 |
| 4.08%, 09/15/29 *(a)(b)* | 200000 | 200096 |
| 6.30%, 10/23/29 *(a)(b)* | 400000 | 422028 |
| 4.18%, 01/23/30 *(a)(b)* | 280000 | 281050 |
| 5.20%, 01/23/30 *(a)(b)* | 400000 | 412164 |
| 2.88%, 10/30/30 *(a)(b)* | 350000 | 335013 |
| 5.24%, 01/24/31 *(a)(b)* | 400000 | 415320 |
| 2.57%, 02/11/31 *(a)(b)* | 400000 | 376560 |
| 4.48%, 04/04/31 *(a)(b)* | 450000 | 454657 |
| 5.15%, 04/23/31 *(a)(b)* | 450000 | 465925 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Westpac Banking Corp.** | **Westpac Banking Corp.** | **Westpac Banking Corp.** |
| 3.35%, 03/08/27  | 200000 | 199394 |
| 5.46%, 11/18/27  | 250000 | 257502 |
| 3.40%, 01/25/28  | 200000 | 199192 |
| 5.54%, 11/17/28  | 200000 | 209310 |
| 1.95%, 11/20/28  | 200000 | 190984 |
| 2.65%, 01/16/30  | 100000 | 95765 |
| 4.35%, 07/01/30  | 100000 | 101847 |
| 4.11%, 07/24/34 *(a)(b)* | 150000 | 148757 |
| 2.67%, 11/15/35 *(a)(b)* | 180000 | 165461 |
| **Zions Bancorp NA** | **Zions Bancorp NA** | **Zions Bancorp NA** |
| 4.70%, 08/18/28 *(a)(b)* | 250000 | 251405 |
|  |  | **123381449** |
| ***Brokerage/Asset Managers/Exchanges 0.4%***  | ***Brokerage/Asset Managers/Exchanges 0.4%***  | ***Brokerage/Asset Managers/Exchanges 0.4%***  |
| **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** |
| 3.30%, 06/15/30 *(a)* | 40000 | 38475 |
| **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** |
| 5.70%, 12/15/28 *(a)* | 100000 | 104669 |
| **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** |
| 4.60%, 01/15/31 *(a)* | 60000 | 60438 |
| **ARES Management Corp.** | **ARES Management Corp.** | **ARES Management Corp.** |
| 6.38%, 11/10/28 *(a)* | 100000 | 105090 |
| **BGC Group, Inc.** | **BGC Group, Inc.** | **BGC Group, Inc.** |
| 8.00%, 05/25/28 *(a)* | 75000 | 80244 |
| 6.60%, 06/10/29 *(a)* | 75000 | 78796 |
| 6.15%, 04/02/30 *(a)* | 100000 | 104184 |
| **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** |
| 4.60%, 07/26/27 *(a)* | 100000 | 101273 |
| 4.70%, 03/14/29 *(a)* | 100000 | 102651 |
| **BlackRock, Inc.** | **BlackRock, Inc.** | **BlackRock, Inc.** |
| 3.20%, 03/15/27  | 100000 | 99564 |
| 3.25%, 04/30/29 *(a)* | 100000 | 98566 |
| 2.40%, 04/30/30 *(a)* | 150000 | 141657 |
| 1.90%, 01/28/31 *(a)* | 160000 | 145781 |
| **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** |
| 4.30%, 11/03/30 *(a)* | 80000 | 79853 |
| **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** |
| 4.65%, 11/15/30 *(a)* | 80000 | 81110 |
| **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** |
| 3.90%, 01/25/28 *(a)* | 200000 | 199692 |
| 4.85%, 03/29/29 *(a)* | 175000 | 178167 |
| 4.35%, 04/15/30 *(a)* | 100000 | 100117 |
| **Charles Schwab Corp.** | **Charles Schwab Corp.** | **Charles Schwab Corp.** |
| 3.20%, 03/02/27 *(a)(c)* | 50000 | 49736 |
| 2.45%, 03/03/27 *(a)(c)* | 200000 | 197480 |
| 3.30%, 04/01/27 *(a)(c)* | 50000 | 49745 |
| 3.20%, 01/25/28 *(a)(c)* | 90000 | 89251 |
| 2.00%, 03/20/28 *(a)(c)* | 150000 | 144885 |
| 4.00%, 02/01/29 *(a)(c)* | 75000 | 75544 |
| 5.64%, 05/19/29 *(a)(b)(c)* | 150000 | 155694 |
| 3.25%, 05/22/29 *(a)(c)* | 75000 | 73758 |
| 2.75%, 10/01/29 *(a)(c)* | 50000 | 48102 |
| 6.20%, 11/17/29 *(a)(b)(c)* | 175000 | 185309 |
| 4.63%, 03/22/30 *(a)(c)* | 50000 | 51461 |
| 4.34%, 11/14/31 *(a)(b)(c)* | 120000 | 120694 |
| **CME Group, Inc.** | **CME Group, Inc.** | **CME Group, Inc.** |
| 3.75%, 06/15/28 *(a)* | 100000 | 100065 |
| 4.40%, 03/15/30 *(a)* | 100000 | 101855 |
| **Franklin Resources, Inc.** | **Franklin Resources, Inc.** | **Franklin Resources, Inc.** |
| 1.60%, 10/30/30 *(a)* | 100000 | 89915 |
| **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** |
| 3.10%, 09/15/27 *(a)* | 100000 | 99039 |
| 4.00%, 09/15/27 *(a)* | 250000 | 250817 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**103**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.63%, 09/01/28 *(a)* | 150000 | 149103 |
| 3.75%, 09/21/28 *(a)* | 100000 | 99690 |
| 3.95%, 12/01/28 *(a)* | 80000 | 80209 |
| 4.35%, 06/15/29 *(a)* | 100000 | 101306 |
| 2.10%, 06/15/30 *(a)* | 150000 | 138723 |
| **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** |
| 5.88%, 07/21/28 *(a)* | 150000 | 155134 |
| 4.15%, 01/23/30  | 100000 | 98560 |
| **Lazard Group LLC** | **Lazard Group LLC** | **Lazard Group LLC** |
| 4.50%, 09/19/28 *(a)* | 75000 | 75459 |
| 4.38%, 03/11/29 *(a)* | 75000 | 75267 |
| **LPL Holdings, Inc.** | **LPL Holdings, Inc.** | **LPL Holdings, Inc.** |
| 5.70%, 05/20/27 *(a)* | 50000 | 50800 |
| 4.90%, 04/03/28 *(a)* | 75000 | 75913 |
| 6.75%, 11/17/28 *(a)* | 100000 | 106097 |
| 5.20%, 03/15/30 *(a)* | 100000 | 102312 |
| 5.15%, 06/15/30 *(a)* | 70000 | 71450 |
| **Marex Group PLC** | **Marex Group PLC** | **Marex Group PLC** |
| 5.83%, 05/08/28 *(a)* | 100000 | 102018 |
| 6.40%, 11/04/29 *(a)* | 75000 | 78507 |
| **Nasdaq, Inc.** | **Nasdaq, Inc.** | **Nasdaq, Inc.** |
| 5.35%, 06/28/28 *(a)* | 175000 | 180126 |
| 1.65%, 01/15/31 *(a)* | 80000 | 71430 |
| **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** |
| 6.07%, 07/12/28  | 200000 | 208946 |
| 2.17%, 07/14/28  | 200000 | 191448 |
| 5.61%, 07/06/29  | 200000 | 209032 |
| 3.10%, 01/16/30  | 200000 | 191890 |
| 4.90%, 07/01/30  | 200000 | 204716 |
| 2.68%, 07/16/30  | 200000 | 187118 |
| **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** |
| 4.65%, 04/01/30 *(a)* | 75000 | 76742 |
| **Stifel Financial Corp.** | **Stifel Financial Corp.** | **Stifel Financial Corp.** |
| 4.00%, 05/15/30 *(a)* | 100000 | 98634 |
|  |  | **6964307** |
| ***Finance Companies 0.7%***  | ***Finance Companies 0.7%***  | ***Finance Companies 0.7%***  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** |
| 6.45%, 04/15/27 *(a)* | 250000 | 256322 |
| 3.65%, 07/21/27 *(a)* | 200000 | 199250 |
| 4.63%, 10/15/27 *(a)* | 150000 | 151395 |
| 5.75%, 06/06/28 *(a)* | 150000 | 155415 |
| 3.00%, 10/29/28 *(a)* | 500000 | 486340 |
| 5.10%, 01/19/29 *(a)* | 150000 | 153997 |
| 4.13%, 02/28/29 *(a)* | 150000 | 150090 |
| 4.63%, 09/10/29 *(a)* | 150000 | 152106 |
| 6.15%, 09/30/30 *(a)* | 150000 | 160989 |
| 4.38%, 11/15/30 *(a)* | 150000 | 150426 |
| 6.95%, 03/10/55 *(a)(b)* | 150000 | 158415 |
| **Air Lease Corp.** | **Air Lease Corp.** | **Air Lease Corp.** |
| 5.85%, 12/15/27 *(a)* | 100000 | 103032 |
| 5.30%, 02/01/28 *(a)* | 150000 | 153190 |
| 4.63%, 10/01/28 *(a)* | 100000 | 100851 |
| 5.10%, 03/01/29 *(a)* | 100000 | 102274 |
| 3.25%, 10/01/29 *(a)* | 75000 | 72375 |
| 3.00%, 02/01/30 *(a)* | 100000 | 94744 |
| 3.13%, 12/01/30 *(a)* | 100000 | 93997 |
| **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** |
| 6.90%, 04/13/29 *(a)* | 200000 | 207960 |
| 5.88%, 08/30/30 *(a)* | 50000 | 50338 |
| 5.70%, 01/23/31 *(a)(d)* | 100000 | 99260 |
| **ARES Capital Corp.** | **ARES Capital Corp.** | **ARES Capital Corp.** |
| 2.88%, 06/15/27 *(a)* | 100000 | 98054 |
| 2.88%, 06/15/28 *(a)* | 200000 | 190834 |
| 5.88%, 03/01/29 *(a)* | 150000 | 152820 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.95%, 07/15/29 *(a)* | 100000 | 102237 |
| 5.50%, 09/01/30 *(a)* | 100000 | 99115 |
| 5.10%, 01/15/31 *(a)* | 90000 | 87867 |
| **ARES Strategic Income Fund** | **ARES Strategic Income Fund** | **ARES Strategic Income Fund** |
| 5.70%, 03/15/28 *(a)* | 125000 | 125992 |
| 5.45%, 09/09/28 *(a)(d)* | 80000 | 79992 |
| 4.85%, 01/15/29 *(a)(d)* | 80000 | 78709 |
| 6.35%, 08/15/29 *(a)* | 125000 | 127581 |
| 5.60%, 02/15/30 *(a)* | 100000 | 98888 |
| 5.80%, 09/09/30 *(a)(d)* | 70000 | 69821 |
| 5.15%, 01/15/31 *(a)(d)* | 70000 | 67941 |
| **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** |
| 5.95%, 03/15/30 *(a)* | 50000 | 49788 |
| **Barings BDC, Inc.** | **Barings BDC, Inc.** | **Barings BDC, Inc.** |
| 5.20%, 09/15/28 *(a)* | 40000 | 39597 |
| **Barings Private Credit Corp.** | **Barings Private Credit Corp.** | **Barings Private Credit Corp.** |
| 5.75%, 02/06/29 *(a)(d)* | 50000 | 49893 |
| 6.15%, 06/11/30 *(a)(d)(e)* | 50000 | 49642 |
| **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** |
| 4.95%, 09/26/27 *(a)* | 100000 | 99920 |
| 7.30%, 11/27/28 *(a)* | 150000 | 156877 |
| 4.00%, 01/15/29 *(a)(e)* | 100000 | 95972 |
| 5.95%, 07/16/29 *(a)* | 100000 | 100848 |
| 5.60%, 11/22/29 *(a)* | 75000 | 74533 |
| 5.25%, 04/01/30 *(a)* | 100000 | 97993 |
| 5.05%, 09/10/30 *(a)* | 70000 | 67019 |
| 6.25%, 01/25/31 *(a)* | 80000 | 80589 |
| **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** |
| 5.88%, 11/15/27 *(a)* | 50000 | 50766 |
| 5.35%, 04/13/28 *(a)* | 75000 | 75115 |
| 2.85%, 09/30/28 *(a)* | 100000 | 93793 |
| 5.30%, 06/30/30 *(a)* | 70000 | 68878 |
| 5.13%, 01/31/31 *(a)* | 70000 | 67880 |
| **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** |
| 3.13%, 04/13/27 *(a)* | 50000 | 48645 |
| 2.88%, 06/11/28 *(a)* | 100000 | 93652 |
| 5.95%, 03/15/29 *(a)* | 150000 | 149421 |
| 6.20%, 07/15/30 *(a)(e)* | 70000 | 69819 |
| **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** |
| 7.75%, 09/16/27 *(a)* | 100000 | 102003 |
| 7.95%, 06/13/28 *(a)* | 100000 | 103812 |
| 7.75%, 01/15/29 *(a)* | 75000 | 77962 |
| 6.60%, 09/15/29 *(a)* | 175000 | 176823 |
| 5.80%, 03/15/30 *(a)* | 125000 | 122609 |
| **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** |
| 6.10%, 03/15/28 *(a)* | 150000 | 149641 |
| 6.75%, 04/04/29 *(a)* | 100000 | 99667 |
| 6.13%, 01/23/31 *(a)(e)* | 50000 | 47867 |
| **Capital Southwest Corp.** | **Capital Southwest Corp.** | **Capital Southwest Corp.** |
| 5.95%, 09/18/30 *(a)* | 50000 | 49871 |
| **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** |
| 6.75%, 02/18/30 *(a)* | 50000 | 50685 |
| 5.75%, 02/15/31 *(a)* | 50000 | 48420 |
| **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** |
| 7.20%, 06/15/29 *(a)* | 75000 | 76939 |
| 6.00%, 10/02/30 *(a)(d)* | 40000 | 38898 |
| **FS KKR Capital Corp.** | **FS KKR Capital Corp.** | **FS KKR Capital Corp.** |
| 3.25%, 07/15/27 *(a)* | 50000 | 48028 |
| 3.13%, 10/12/28 *(a)* | 100000 | 91099 |
| 7.88%, 01/15/29 *(a)* | 75000 | 76465 |
| 6.88%, 08/15/29 *(a)* | 50000 | 49409 |
| 6.13%, 01/15/30 *(a)(e)* | 100000 | 95979 |
| 6.13%, 01/15/31 *(a)* | 50000 | 47398 |

---

*See financial notes*

**104**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **GATX Corp.** | **GATX Corp.** | **GATX Corp.** |
| 5.40%, 03/15/27 *(a)* | 75000 | 76077 |
| 3.50%, 03/15/28 *(a)* | 75000 | 74248 |
| 4.70%, 04/01/29 *(a)* | 75000 | 76391 |
| 4.00%, 06/30/30 *(a)* | 60000 | 59585 |
| **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** |
| 5.10%, 01/28/29 *(a)* | 60000 | 59158 |
| 5.65%, 09/09/30 *(a)* | 50000 | 48805 |
| **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** |
| 5.05%, 02/23/28 *(d)* | 100000 | 99373 |
| 5.88%, 05/06/28 *(a)(d)* | 50000 | 50625 |
| 5.38%, 01/31/29 *(a)(d)* | 50000 | 49992 |
| 6.25%, 05/06/30 *(a)(d)(e)* | 100000 | 100362 |
| 5.88%, 01/31/31 *(a)(d)* | 120000 | 117979 |
| **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** |
| 7.05%, 12/05/28 *(a)* | 100000 | 104066 |
| 6.00%, 07/15/29 *(a)* | 75000 | 75322 |
| **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** |
| 5.45%, 08/15/28 *(a)(d)* | 70000 | 70057 |
| 5.80%, 09/12/29 *(a)* | 145000 | 145793 |
| **Hercules Capital, Inc.** | **Hercules Capital, Inc.** | **Hercules Capital, Inc.** |
| 5.35%, 02/10/29 *(a)* | 50000 | 49753 |
| 6.00%, 06/16/30 *(a)* | 50000 | 49810 |
| **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** |
| 5.45%, 01/14/28 *(a)* | 100000 | 100455 |
| 4.90%, 09/11/28 *(a)(d)* | 80000 | 79038 |
| 6.75%, 01/30/29 *(a)(e)* | 100000 | 103667 |
| 5.15%, 04/02/29 *(a)(d)* | 50000 | 49632 |
| 6.25%, 09/30/29 *(a)* | 75000 | 76670 |
| 5.85%, 06/05/30 *(a)(d)* | 70000 | 70127 |
| 5.45%, 11/15/30 *(a)(d)* | 70000 | 68947 |
| **Main Street Capital Corp.** | **Main Street Capital Corp.** | **Main Street Capital Corp.** |
| 6.50%, 06/04/27 *(a)* | 75000 | 76255 |
| 5.40%, 08/15/28 *(a)* | 50000 | 50255 |
| 6.95%, 03/01/29 *(a)* | 75000 | 77947 |
| **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** |
| 6.15%, 05/17/29 *(a)* | 50000 | 51112 |
| 6.00%, 05/19/30 *(a)* | 50000 | 50171 |
| **MSD Investment Corp.** | **MSD Investment Corp.** | **MSD Investment Corp.** |
| 6.25%, 05/31/30 *(a)(d)* | 100000 | 100189 |
| 6.13%, 02/05/31 *(a)(d)* | 50000 | 49411 |
| **New Mountain Finance Corp.** | **New Mountain Finance Corp.** | **New Mountain Finance Corp.** |
| 6.20%, 10/15/27  | 50000 | 50365 |
| 6.88%, 02/01/29 *(a)(e)* | 50000 | 50516 |
| **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** |
| 5.13%, 09/25/28 *(a)(d)* | 40000 | 39630 |
| 5.75%, 02/01/30 *(a)* | 50000 | 49391 |
| **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** |
| 6.65%, 03/15/30 *(a)* | 50000 | 51193 |
| **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** |
| 7.10%, 02/15/29 *(a)* | 50000 | 50698 |
| 6.34%, 02/27/30 *(a)* | 50000 | 49257 |
| **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** |
| 8.40%, 11/14/28 *(a)* | 50000 | 53795 |
| 6.50%, 07/23/29 *(a)* | 75000 | 76839 |
| 6.19%, 07/15/30 *(a)(d)* | 50000 | 49718 |
| **Sixth Street Lending Partners** | **Sixth Street Lending Partners** | **Sixth Street Lending Partners** |
| 6.50%, 03/11/29 *(a)* | 100000 | 103380 |
| 5.75%, 01/15/30 *(a)* | 100000 | 100435 |
| 6.13%, 07/15/30 *(a)* | 100000 | 101487 |
| **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** |
| 6.13%, 03/01/29 *(a)* | 75000 | 76092 |
| 5.63%, 08/15/30 *(a)* | 40000 | 39776 |
|  |  | **11120676** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Financial Other 0.0%***  | ***Financial Other 0.0%***  | ***Financial Other 0.0%***  |
| **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** |
| 6.15%, 01/15/31 *(a)* | 90000 | 93427 |
| **ORIX Corp.** | **ORIX Corp.** | **ORIX Corp.** |
| 5.00%, 09/13/27  | 100000 | 101626 |
| 4.65%, 09/10/29  | 100000 | 102422 |
| 4.45%, 09/09/30  | 70000 | 70808 |
|  |  | **368283** |
| ***Insurance 0.8%***  | ***Insurance 0.8%***  | ***Insurance 0.8%***  |
| **ACE Capital Trust II** | **ACE Capital Trust II** | **ACE Capital Trust II** |
| 9.70%, 04/01/30  | 50000 | 59868 |
| **Aegon Ltd.** | **Aegon Ltd.** | **Aegon Ltd.** |
| 5.50%, 04/11/48 *(a)(b)* | 100000 | 101429 |
| **Aflac, Inc.** | **Aflac, Inc.** | **Aflac, Inc.** |
| 3.60%, 04/01/30 *(a)* | 175000 | 172485 |
| **Alleghany Corp.** | **Alleghany Corp.** | **Alleghany Corp.** |
| 3.63%, 05/15/30 *(a)* | 50000 | 49415 |
| **Allstate Corp.** | **Allstate Corp.** | **Allstate Corp.** |
| 5.05%, 06/24/29 *(a)* | 100000 | 103325 |
| 1.45%, 12/15/30 *(a)* | 75000 | 66268 |
| **American Financial Group, Inc.** | **American Financial Group, Inc.** | **American Financial Group, Inc.** |
| 5.25%, 04/02/30 *(a)* | 50000 | 52333 |
| **American International Group, Inc.** | **American International Group, Inc.** | **American International Group, Inc.** |
| 4.85%, 05/07/30 *(a)* | 100000 | 102724 |
| 3.40%, 06/30/30 *(a)* | 40000 | 38978 |
| 5.75%, 04/01/48 *(a)(b)* | 50000 | 50885 |
| **American National Group, Inc.** | **American National Group, Inc.** | **American National Group, Inc.** |
| 5.00%, 06/15/27 *(a)* | 100000 | 100551 |
| 5.75%, 10/01/29 *(a)* | 75000 | 76594 |
| **Aon Corp.** | **Aon Corp.** | **Aon Corp.** |
| 4.50%, 12/15/28 *(a)* | 75000 | 76047 |
| 3.75%, 05/02/29 *(a)* | 125000 | 123992 |
| 2.80%, 05/15/30 *(a)* | 100000 | 94871 |
| **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** |
| 2.85%, 05/28/27 *(a)* | 100000 | 98656 |
| **Aon North America, Inc.** | **Aon North America, Inc.** | **Aon North America, Inc.** |
| 5.15%, 03/01/29 *(a)* | 150000 | 154710 |
| **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** |
| 4.60%, 12/15/27 *(a)* | 100000 | 100950 |
| 4.85%, 12/15/29 *(a)* | 100000 | 102476 |
| **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** |
| 5.75%, 07/01/30 *(a)* | 40000 | 42084 |
| **Assurant, Inc.** | **Assurant, Inc.** | **Assurant, Inc.** |
| 4.90%, 03/27/28 *(a)* | 75000 | 76037 |
| **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** |
| 6.13%, 09/15/28 *(a)* | 75000 | 78592 |
| **Athene Holding Ltd.** | **Athene Holding Ltd.** | **Athene Holding Ltd.** |
| 4.13%, 01/12/28 *(a)* | 200000 | 199180 |
| 3.50%, 01/15/31 *(a)* | 70000 | 66039 |
| **AXA SA** | **AXA SA** | **AXA SA** |
| 8.60%, 12/15/30  | 125000 | 147207 |
| **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** |
| 4.90%, 01/15/40 *(a)(b)* | 100000 | 98605 |
| **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** |
| 4.00%, 12/06/27 *(a)* | 100000 | 99899 |
| **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** |
| 2.30%, 03/15/27 *(a)* | 100000 | 98668 |
| 1.85%, 03/12/30 *(a)* | 100000 | 92816 |
| 1.45%, 10/15/30 *(a)* | 90000 | 81255 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**105**

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Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

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---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** |
| 3.70%, 06/22/27 *(a)* | 125000 | 123462 |
| 5.63%, 05/15/30 *(a)(e)* | 100000 | 101036 |
| **Brown & Brown, Inc.** | **Brown & Brown, Inc.** | **Brown & Brown, Inc.** |
| 4.70%, 06/23/28 *(a)* | 70000 | 70769 |
| 4.50%, 03/15/29 *(a)* | 50000 | 50294 |
| 4.90%, 06/23/30 *(a)* | 100000 | 101602 |
| **Centene Corp.** | **Centene Corp.** | **Centene Corp.** |
| 4.25%, 12/15/27 *(a)* | 300000 | 298218 |
| 2.45%, 07/15/28 *(a)* | 300000 | 282948 |
| 4.63%, 12/15/29 *(a)* | 525000 | 512316 |
| 3.38%, 02/15/30 *(a)* | 275000 | 255241 |
| 3.00%, 10/15/30 *(a)* | 320000 | 288560 |
| **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** |
| 4.65%, 08/15/29 *(a)* | 50000 | 51311 |
| 1.38%, 09/15/30 *(a)* | 120000 | 106988 |
| **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** |
| 6.92%, 05/15/28  | 100000 | 106302 |
| **CNA Financial Corp.** | **CNA Financial Corp.** | **CNA Financial Corp.** |
| 3.90%, 05/01/29 *(a)* | 100000 | 99312 |
| 2.05%, 08/15/30 *(a)* | 60000 | 54712 |
| **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** |
| 5.25%, 05/30/29 *(a)* | 100000 | 101704 |
| **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** |
| 3.65%, 04/05/27 *(a)* | 175000 | 174113 |
| 3.85%, 04/05/29 *(a)* | 150000 | 148326 |
| 6.88%, 12/15/52 *(a)(b)* | 150000 | 153775 |
| **Elevance Health, Inc.** | **Elevance Health, Inc.** | **Elevance Health, Inc.** |
| 3.65%, 12/01/27 *(a)* | 250000 | 249057 |
| 4.10%, 03/01/28 *(a)* | 150000 | 150420 |
| 4.00%, 09/15/28 *(a)* | 100000 | 100196 |
| 5.15%, 06/15/29 *(a)* | 150000 | 155148 |
| 2.88%, 09/15/29 *(a)* | 100000 | 96144 |
| 4.75%, 02/15/30 *(a)* | 100000 | 102396 |
| 2.25%, 05/15/30 *(a)* | 100000 | 92653 |
| **Enact Holdings, Inc.** | **Enact Holdings, Inc.** | **Enact Holdings, Inc.** |
| 6.25%, 05/28/29 *(a)* | 125000 | 131217 |
| **Enstar Group Ltd.** | **Enstar Group Ltd.** | **Enstar Group Ltd.** |
| 4.95%, 06/01/29 *(a)* | 100000 | 101481 |
| **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** |
| 4.35%, 04/20/28 *(a)* | 200000 | 201016 |
| **Essent Group Ltd.** | **Essent Group Ltd.** | **Essent Group Ltd.** |
| 6.25%, 07/01/29 *(a)* | 75000 | 78725 |
| **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** |
| 7.40%, 01/13/28 *(a)* | 100000 | 103875 |
| 6.50%, 06/04/29 *(a)* | 75000 | 77215 |
| **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** |
| 4.85%, 04/17/28 *(a)* | 100000 | 101577 |
| 4.63%, 04/29/30 *(a)* | 75000 | 75897 |
| **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** |
| 4.50%, 08/15/28 *(a)* | 50000 | 50381 |
| 3.40%, 06/15/30 *(a)* | 80000 | 76413 |
| **First American Financial Corp.** | **First American Financial Corp.** | **First American Financial Corp.** |
| 4.00%, 05/15/30 *(a)* | 100000 | 97329 |
| **Globe Life, Inc.** | **Globe Life, Inc.** | **Globe Life, Inc.** |
| 4.55%, 09/15/28 *(a)* | 75000 | 75645 |
| 2.15%, 08/15/30 *(a)* | 50000 | 45724 |
| **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** |
| 2.50%, 09/01/30 *(a)* | 40000 | 37045 |
| **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** |
| 2.80%, 08/19/29 *(a)* | 100000 | 96248 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** |
| 7.25%, 09/15/28 *(a)* | 50000 | 53574 |
| 4.70%, 10/01/30 *(a)* | 40000 | 40208 |
| **Humana, Inc.** | **Humana, Inc.** | **Humana, Inc.** |
| 3.95%, 03/15/27 *(a)* | 50000 | 49955 |
| 5.75%, 12/01/28 *(a)* | 75000 | 77685 |
| 3.70%, 03/23/29 *(a)* | 100000 | 98280 |
| 3.13%, 08/15/29 *(a)* | 50000 | 48113 |
| 4.88%, 04/01/30 *(a)* | 75000 | 76081 |
| **Jackson Financial, Inc.** | **Jackson Financial, Inc.** | **Jackson Financial, Inc.** |
| 5.17%, 06/08/27 *(a)* | 100000 | 101316 |
| **Kemper Corp.** | **Kemper Corp.** | **Kemper Corp.** |
| 2.40%, 09/30/30 *(a)* | 50000 | 44029 |
| **Lincoln National Corp.** | **Lincoln National Corp.** | **Lincoln National Corp.** |
| 3.05%, 01/15/30 *(a)* | 100000 | 95239 |
| 3.40%, 01/15/31 *(a)* | 70000 | 65951 |
| **Loews Corp.** | **Loews Corp.** | **Loews Corp.** |
| 3.20%, 05/15/30 *(a)* | 75000 | 72398 |
| **Markel Group, Inc.** | **Markel Group, Inc.** | **Markel Group, Inc.** |
| 3.50%, 11/01/27 *(a)* | 75000 | 74411 |
| **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** |
| 4.55%, 11/08/27 *(a)* | 125000 | 126191 |
| 4.38%, 03/15/29 *(a)* | 250000 | 252665 |
| 4.65%, 03/15/30 *(a)* | 100000 | 102010 |
| 2.25%, 11/15/30 *(a)* | 90000 | 82661 |
| **Mercury General Corp.** | **Mercury General Corp.** | **Mercury General Corp.** |
| 4.40%, 03/15/27 *(a)* | 100000 | 99990 |
| **MetLife, Inc.** | **MetLife, Inc.** | **MetLife, Inc.** |
| 4.55%, 03/23/30 *(a)* | 100000 | 102215 |
| **MGIC Investment Corp.** | **MGIC Investment Corp.** | **MGIC Investment Corp.** |
| 5.25%, 08/15/28 *(a)* | 100000 | 99988 |
| **NMI Holdings, Inc.** | **NMI Holdings, Inc.** | **NMI Holdings, Inc.** |
| 6.00%, 08/15/29 *(a)* | 50000 | 52055 |
| **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** |
| 3.70%, 07/02/29 *(a)* | 75000 | 73942 |
| 4.50%, 10/01/50 *(a)(b)* | 60000 | 58130 |
| **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** |
| 3.70%, 05/15/29 *(a)* | 75000 | 74270 |
| 2.13%, 06/15/30 *(a)* | 70000 | 64227 |
| **Progressive Corp.** | **Progressive Corp.** | **Progressive Corp.** |
| 2.50%, 03/15/27 *(a)* | 100000 | 98745 |
| 4.00%, 03/01/29 *(a)* | 100000 | 100528 |
| 3.20%, 03/26/30 *(a)* | 100000 | 97118 |
| **Prudential Financial, Inc.** | **Prudential Financial, Inc.** | **Prudential Financial, Inc.** |
| 2.10%, 03/10/30 *(a)* | 100000 | 93495 |
| 4.50%, 09/15/47 *(a)(b)* | 100000 | 98786 |
| 5.70%, 09/15/48 *(a)(b)* | 150000 | 151546 |
| 3.70%, 10/01/50 *(a)(b)* | 100000 | 93541 |
| **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** |
| 3.13%, 04/14/30  | 150000 | 144859 |
| **Radian Group, Inc.** | **Radian Group, Inc.** | **Radian Group, Inc.** |
| 6.20%, 05/15/29 *(a)* | 75000 | 78683 |
| **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** |
| 3.90%, 05/15/29 *(a)* | 75000 | 74591 |
| 3.15%, 06/15/30 *(a)* | 70000 | 66858 |
| **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** |
| 3.60%, 04/15/29 *(a)* | 75000 | 73793 |
| **SiriusPoint Ltd.** | **SiriusPoint Ltd.** | **SiriusPoint Ltd.** |
| 7.00%, 04/05/29 *(a)* | 75000 | 79058 |
| **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** |
| 3.38%, 04/15/27  | 100000 | 99544 |
| 3.70%, 05/15/27 *(a)* | 200000 | 199780 |
| 2.95%, 10/15/27  | 150000 | 148282 |

---

*See financial notes*

**106**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

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| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.25%, 02/15/28 *(a)* | 200000 | 205280 |
| 3.85%, 06/15/28  | 150000 | 150112 |
| 4.40%, 06/15/28 *(a)* | 70000 | 70848 |
| 3.88%, 12/15/28  | 100000 | 100099 |
| 4.25%, 01/15/29 *(a)* | 200000 | 202172 |
| 4.70%, 04/15/29 *(a)* | 75000 | 76745 |
| 4.00%, 05/15/29 *(a)* | 125000 | 125454 |
| 2.88%, 08/15/29  | 50000 | 48325 |
| 4.80%, 01/15/30 *(a)* | 200000 | 205818 |
| 5.30%, 02/15/30 *(a)* | 200000 | 209234 |
| 2.00%, 05/15/30  | 100000 | 92348 |
| 4.65%, 01/15/31 *(a)* | 110000 | 112386 |
| **Unum Group** | **Unum Group** | **Unum Group** |
| 4.00%, 06/15/29 *(a)* | 75000 | 74513 |
| **Voya Financial, Inc.** | **Voya Financial, Inc.** | **Voya Financial, Inc.** |
| 4.70%, 01/23/48 *(a)(b)* | 50000 | 48167 |
| **Willis North America, Inc.** | **Willis North America, Inc.** | **Willis North America, Inc.** |
| 4.50%, 09/15/28 *(a)* | 100000 | 100694 |
| 2.95%, 09/15/29 *(a)* | 100000 | 95704 |
|  |  | **13886420** |
| ***REITs 0.8%***  | ***REITs 0.8%***  | ***REITs 0.8%***  |
| **Agree LP** | **Agree LP** | **Agree LP** |
| 2.00%, 06/15/28 *(a)* | 100000 | 95927 |
| 2.90%, 10/01/30 *(a)* | 40000 | 37848 |
| **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** |
| 3.95%, 01/15/28 *(a)* | 100000 | 99809 |
| 4.50%, 07/30/29 *(a)* | 50000 | 50429 |
| 2.75%, 12/15/29 *(a)* | 150000 | 142438 |
| 4.70%, 07/01/30 *(a)* | 60000 | 60895 |
| 4.90%, 12/15/30 *(a)* | 75000 | 76600 |
| **American Assets Trust LP** | **American Assets Trust LP** | **American Assets Trust LP** |
| 3.38%, 02/01/31 *(a)* | 75000 | 69055 |
| **American Homes 4 Rent LP** | **American Homes 4 Rent LP** | **American Homes 4 Rent LP** |
| 4.25%, 02/15/28 *(a)* | 100000 | 100220 |
| 4.90%, 02/15/29 *(a)* | 50000 | 50931 |
| 4.95%, 06/15/30 *(a)* | 90000 | 91786 |
| **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** |
| 3.20%, 01/15/28 *(a)* | 100000 | 99232 |
| 1.90%, 12/01/28 *(a)* | 75000 | 71344 |
| 3.30%, 06/01/29 *(a)* | 100000 | 98162 |
| 2.30%, 03/01/30 *(a)* | 100000 | 93715 |
| 2.45%, 01/15/31 *(a)* | 80000 | 74156 |
| **Boston Properties LP** | **Boston Properties LP** | **Boston Properties LP** |
| 6.75%, 12/01/27 *(a)* | 100000 | 104381 |
| 4.50%, 12/01/28 *(a)* | 150000 | 151312 |
| 3.40%, 06/21/29 *(a)* | 100000 | 97435 |
| 2.90%, 03/15/30 *(a)* | 100000 | 94411 |
| 3.25%, 01/30/31 *(a)* | 170000 | 160177 |
| **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** |
| 3.90%, 03/15/27 *(a)* | 75000 | 74923 |
| 2.25%, 04/01/28 *(a)* | 50000 | 48300 |
| 4.13%, 05/15/29 *(a)* | 100000 | 100157 |
| 4.05%, 07/01/30 *(a)* | 100000 | 99160 |
| **Camden Property Trust** | **Camden Property Trust** | **Camden Property Trust** |
| 4.10%, 10/15/28 *(a)* | 50000 | 50288 |
| 3.15%, 07/01/29 *(a)* | 75000 | 73008 |
| 2.80%, 05/15/30 *(a)* | 75000 | 71351 |
| **COPT Defense Properties LP** | **COPT Defense Properties LP** | **COPT Defense Properties LP** |
| 2.00%, 01/15/29 *(a)* | 75000 | 70827 |
| 4.50%, 10/15/30 *(a)* | 50000 | 50243 |
| **Cousins Properties LP** | **Cousins Properties LP** | **Cousins Properties LP** |
| 5.25%, 07/15/30 *(a)* | 70000 | 72374 |

---

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| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CubeSmart LP** | **CubeSmart LP** | **CubeSmart LP** |
| 2.25%, 12/15/28 *(a)* | 100000 | 95352 |
| 4.38%, 02/15/29 *(a)* | 75000 | 75638 |
| 3.00%, 02/15/30 *(a)* | 50000 | 47919 |
| 2.00%, 02/15/31 *(a)* | 50000 | 44746 |
| **Digital Realty Trust LP** | **Digital Realty Trust LP** | **Digital Realty Trust LP** |
| 3.70%, 08/15/27 *(a)* | 100000 | 99642 |
| 5.55%, 01/15/28 *(a)* | 150000 | 154323 |
| 4.45%, 07/15/28 *(a)* | 100000 | 101014 |
| 3.60%, 07/01/29 *(a)* | 100000 | 98751 |
| **DOC Dr. LLC** | **DOC Dr. LLC** | **DOC Dr. LLC** |
| 3.95%, 01/15/28 *(a)* | 100000 | 99900 |
| **EPR Properties** | **EPR Properties** | **EPR Properties** |
| 4.50%, 06/01/27 *(a)* | 100000 | 100162 |
| 4.95%, 04/15/28 *(a)* | 50000 | 50590 |
| 3.75%, 08/15/29 *(a)* | 50000 | 48783 |
| 4.75%, 11/15/30 *(a)* | 70000 | 70180 |
| **ERP Operating LP** | **ERP Operating LP** | **ERP Operating LP** |
| 3.50%, 03/01/28 *(a)* | 100000 | 99351 |
| 3.00%, 07/01/29 *(a)* | 150000 | 145816 |
| 2.50%, 02/15/30 *(a)* | 75000 | 71068 |
| **Essex Portfolio LP** | **Essex Portfolio LP** | **Essex Portfolio LP** |
| 1.70%, 03/01/28 *(a)* | 100000 | 95790 |
| 4.00%, 03/01/29 *(a)* | 75000 | 74871 |
| 3.00%, 01/15/30 *(a)* | 100000 | 95832 |
| 1.65%, 01/15/31 *(a)* | 40000 | 35319 |
| **Extra Space Storage LP** | **Extra Space Storage LP** | **Extra Space Storage LP** |
| 5.70%, 04/01/28 *(a)* | 100000 | 103267 |
| 3.90%, 04/01/29 *(a)* | 150000 | 149230 |
| 4.00%, 06/15/29 *(a)* | 50000 | 49872 |
| 5.50%, 07/01/30 *(a)* | 110000 | 115107 |
| 2.20%, 10/15/30 *(a)* | 50000 | 45717 |
| 5.90%, 01/15/31 *(a)* | 90000 | 95850 |
| **Federal Realty OP LP** | **Federal Realty OP LP** | **Federal Realty OP LP** |
| 3.25%, 07/15/27 *(a)* | 100000 | 99084 |
| 5.38%, 05/01/28 *(a)* | 50000 | 51388 |
| 3.20%, 06/15/29 *(a)* | 50000 | 48676 |
| 3.50%, 06/01/30 *(a)* | 50000 | 48612 |
| **First Industrial LP** | **First Industrial LP** | **First Industrial LP** |
| 5.25%, 01/15/31 *(a)* | 60000 | 61735 |
| **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** |
| 3.75%, 07/01/27 *(a)* | 75000 | 74751 |
| 3.10%, 02/15/30 *(a)* | 75000 | 71826 |
| **Healthpeak OP LLC** | **Healthpeak OP LLC** | **Healthpeak OP LLC** |
| 2.13%, 12/01/28 *(a)* | 75000 | 71339 |
| 3.50%, 07/15/29 *(a)* | 75000 | 73549 |
| 3.00%, 01/15/30 *(a)* | 100000 | 95709 |
| 2.88%, 01/15/31 *(a)* | 80000 | 74961 |
| **Highwoods Realty LP** | **Highwoods Realty LP** | **Highwoods Realty LP** |
| 4.13%, 03/15/28 *(a)* | 100000 | 99424 |
| 3.05%, 02/15/30 *(a)* | 75000 | 70667 |
| 2.60%, 02/01/31 *(a)* | 50000 | 44995 |
| **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** |
| 4.25%, 12/15/28 *(a)* | 50000 | 50234 |
| 3.38%, 12/15/29 *(a)* | 100000 | 96902 |
| 3.50%, 09/15/30 *(a)* | 90000 | 86334 |
| **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** |
| 2.30%, 11/15/28 *(a)* | 100000 | 95175 |
| 5.45%, 08/15/30 *(a)* | 60000 | 62552 |
| **Kilroy Realty LP** | **Kilroy Realty LP** | **Kilroy Realty LP** |
| 4.75%, 12/15/28 *(a)* | 75000 | 75393 |
| 4.25%, 08/15/29 *(a)* | 50000 | 49134 |
| 3.05%, 02/15/30 *(a)* | 75000 | 69730 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**107**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kimco Realty OP LLC** | **Kimco Realty OP LLC** | **Kimco Realty OP LLC** |
| 3.80%, 04/01/27 *(a)* | 100000 | 100022 |
| 1.90%, 03/01/28 *(a)* | 100000 | 96391 |
| 2.70%, 10/01/30 *(a)* | 60000 | 56918 |
| **Kite Realty Group Trust** | **Kite Realty Group Trust** | **Kite Realty Group Trust** |
| 4.75%, 09/15/30 *(a)* | 50000 | 51086 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** |
| 5.50%, 08/01/30 *(a)* | 70000 | 71931 |
| **Lineage OP LP** | **Lineage OP LP** | **Lineage OP LP** |
| 5.25%, 07/15/30 *(a)* | 70000 | 71408 |
| **LXP Industrial Trust** | **LXP Industrial Trust** | **LXP Industrial Trust** |
| 2.70%, 09/15/30 *(a)* | 50000 | 46386 |
| **Mid-America Apartments LP** | **Mid-America Apartments LP** | **Mid-America Apartments LP** |
| 3.60%, 06/01/27 *(a)* | 150000 | 149599 |
| 3.95%, 03/15/29 *(a)* | 100000 | 100054 |
| **National Health Investors, Inc.** | **National Health Investors, Inc.** | **National Health Investors, Inc.** |
| 3.00%, 02/01/31 *(a)* | 50000 | 45886 |
| **NNN REIT, Inc.** | **NNN REIT, Inc.** | **NNN REIT, Inc.** |
| 3.50%, 10/15/27 *(a)* | 100000 | 99447 |
| 4.30%, 10/15/28 *(a)* | 100000 | 100707 |
| 4.60%, 02/15/31 *(a)* | 75000 | 76005 |
| **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** |
| 4.50%, 04/01/27 *(a)* | 150000 | 150288 |
| 4.75%, 01/15/28 *(a)* | 50000 | 50497 |
| 3.63%, 10/01/29 *(a)* | 75000 | 73090 |
| 5.20%, 07/01/30 *(a)* | 80000 | 82023 |
| 3.38%, 02/01/31 *(a)* | 100000 | 94361 |
| **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** |
| 6.88%, 07/15/29 *(a)* | 75000 | 79723 |
| 3.15%, 08/15/30 *(a)* | 40000 | 37172 |
| **Prologis LP** | **Prologis LP** | **Prologis LP** |
| 2.13%, 04/15/27 *(a)* | 100000 | 98244 |
| 4.88%, 06/15/28 *(a)* | 100000 | 102336 |
| 3.88%, 09/15/28 *(a)* | 100000 | 100090 |
| 4.00%, 09/15/28 *(a)* | 75000 | 75269 |
| 4.38%, 02/01/29 *(a)* | 75000 | 76009 |
| 2.25%, 04/15/30 *(a)* | 125000 | 117132 |
| 1.75%, 07/01/30 *(a)* | 40000 | 36385 |
| 1.25%, 10/15/30 *(a)* | 90000 | 79629 |
| 4.75%, 01/15/31 *(a)* | 70000 | 72174 |
| 1.75%, 02/01/31 *(a)* | 50000 | 44753 |
| **Public Storage Operating Co.** | **Public Storage Operating Co.** | **Public Storage Operating Co.** |
| 3.09%, 09/15/27 *(a)* | 75000 | 74453 |
| 1.85%, 05/01/28 *(a)* | 100000 | 95979 |
| 1.95%, 11/09/28 *(a)* | 75000 | 71488 |
| 5.13%, 01/15/29 *(a)* | 100000 | 103643 |
| 3.39%, 05/01/29 *(a)* | 75000 | 74049 |
| 4.38%, 07/01/30 *(a)* | 60000 | 60979 |
| **Realty Income Corp.** | **Realty Income Corp.** | **Realty Income Corp.** |
| 3.95%, 08/15/27 *(a)* | 150000 | 150250 |
| 3.65%, 01/15/28 *(a)* | 100000 | 99697 |
| 2.10%, 03/15/28 *(a)* | 75000 | 72385 |
| 3.95%, 02/01/29 *(a)* | 50000 | 50110 |
| 4.75%, 02/15/29 *(a)* | 75000 | 76719 |
| 3.25%, 06/15/29 *(a)* | 75000 | 73484 |
| 4.00%, 07/15/29 *(a)* | 75000 | 75107 |
| 3.10%, 12/15/29 *(a)* | 50000 | 48513 |
| 3.40%, 01/15/30 *(a)* | 100000 | 97749 |
| 4.85%, 03/15/30 *(a)* | 100000 | 103122 |
| 3.25%, 01/15/31 *(a)* | 130000 | 124765 |
| 3.20%, 02/15/31 *(a)* | 50000 | 47832 |
| **Regency Centers LP** | **Regency Centers LP** | **Regency Centers LP** |
| 2.95%, 09/15/29 *(a)* | 75000 | 72542 |
| 3.70%, 06/15/30 *(a)* | 80000 | 78999 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** |
| 2.13%, 12/01/30 *(a)* | 50000 | 45316 |
| **Sabra Health Care LP** | **Sabra Health Care LP** | **Sabra Health Care LP** |
| 3.90%, 10/15/29 *(a)* | 75000 | 73945 |
| **Simon Property Group LP** | **Simon Property Group LP** | **Simon Property Group LP** |
| 3.38%, 06/15/27 *(a)* | 100000 | 99539 |
| 3.38%, 12/01/27 *(a)* | 100000 | 99365 |
| 1.75%, 02/01/28 *(a)* | 100000 | 96316 |
| 2.45%, 09/13/29 *(a)* | 150000 | 142615 |
| 2.65%, 07/15/30 *(a)* | 90000 | 85072 |
| 4.38%, 10/01/30 *(a)* | 100000 | 101255 |
| 4.30%, 01/15/31 *(a)* | 110000 | 110668 |
| 2.20%, 02/01/31 *(a)* | 75000 | 68468 |
| **Store Capital LLC** | **Store Capital LLC** | **Store Capital LLC** |
| 4.50%, 03/15/28 *(a)* | 50000 | 50224 |
| 4.63%, 03/15/29 *(a)* | 75000 | 75351 |
| 5.40%, 04/30/30 *(a)* | 50000 | 51390 |
| 2.75%, 11/18/30 *(a)* | 40000 | 36794 |
| 4.95%, 02/11/31 *(a)(d)* | 50000 | 50472 |
| **Sun Communities Operating LP** | **Sun Communities Operating LP** | **Sun Communities Operating LP** |
| 2.30%, 11/01/28 *(a)* | 50000 | 47779 |
| **UDR, Inc.** | **UDR, Inc.** | **UDR, Inc.** |
| 3.50%, 07/01/27 *(a)* | 150000 | 149248 |
| 4.40%, 01/26/29 *(a)* | 50000 | 50536 |
| 3.20%, 01/15/30 *(a)* | 100000 | 97021 |
| **Ventas Realty LP** | **Ventas Realty LP** | **Ventas Realty LP** |
| 4.00%, 03/01/28 *(a)* | 100000 | 100008 |
| 4.40%, 01/15/29 *(a)* | 100000 | 100977 |
| 3.00%, 01/15/30 *(a)* | 100000 | 95843 |
| 4.75%, 11/15/30 *(a)* | 70000 | 71469 |
| **Welltower OP LLC** | **Welltower OP LLC** | **Welltower OP LLC** |
| 4.25%, 04/15/28 *(a)* | 102000 | 102819 |
| 2.05%, 01/15/29 *(a)* | 75000 | 71319 |
| 4.13%, 03/15/29 *(a)* | 75000 | 75436 |
| 3.10%, 01/15/30 *(a)* | 100000 | 96707 |
| 4.50%, 07/01/30 *(a)* | 130000 | 132333 |
| 2.75%, 01/15/31 *(a)* | 80000 | 75241 |
| **WP Carey, Inc.** | **WP Carey, Inc.** | **WP Carey, Inc.** |
| 3.85%, 07/15/29 *(a)* | 100000 | 99269 |
| 4.65%, 07/15/30 *(a)* | 50000 | 50720 |
| 2.40%, 02/01/31 *(a)* | 50000 | 45625 |
|  |  | **13203174** |
|  |  | **168924309** |
| **Industrial 12.6%** | **Industrial 12.6%** | **Industrial 12.6%** |
| ***Basic Industry 0.5%***  | ***Basic Industry 0.5%***  | ***Basic Industry 0.5%***  |
| **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** |
| 4.30%, 06/11/28 *(a)* | 80000 | 81002 |
| 4.60%, 02/08/29 *(a)* | 100000 | 102329 |
| 2.05%, 05/15/30 *(a)* | 150000 | 139095 |
| 4.75%, 02/08/31 *(a)* | 75000 | 77479 |
| **Albemarle Corp.** | **Albemarle Corp.** | **Albemarle Corp.** |
| 4.65%, 06/01/27 *(a)* | 150000 | 151137 |
| **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** |
| 3.38%, 11/01/28 *(a)* | 200000 | 194830 |
| **ArcelorMittal SA** | **ArcelorMittal SA** | **ArcelorMittal SA** |
| 6.55%, 11/29/27 *(a)* | 200000 | 207890 |
| **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** |
| 4.75%, 02/28/28 *(a)* | 175000 | 178274 |
| 5.10%, 09/08/28 *(a)* | 150000 | 154588 |
| 5.00%, 02/21/30 *(a)* | 100000 | 103712 |
| 5.25%, 09/08/30 *(a)* | 120000 | 125966 |

---

*See financial notes*

**108**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cabot Corp.** | **Cabot Corp.** | **Cabot Corp.** |
| 4.00%, 07/01/29 *(a)* | 75000 | 75005 |
| **Celulosa Arauco y Constitucion SA** | **Celulosa Arauco y Constitucion SA** | **Celulosa Arauco y Constitucion SA** |
| 3.88%, 11/02/27 *(a)* | 200000 | 198410 |
| **Dow Chemical Co.** | **Dow Chemical Co.** | **Dow Chemical Co.** |
| 4.80%, 11/30/28 *(a)* | 100000 | 101655 |
| 7.38%, 11/01/29  | 54000 | 59407 |
| 2.10%, 11/15/30 *(a)* | 100000 | 89189 |
| 4.80%, 01/15/31 *(a)* | 100000 | 99810 |
| **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** |
| 4.73%, 11/15/28 *(a)(d)* | 151000 | 153165 |
| **Eastman Chemical Co.** | **Eastman Chemical Co.** | **Eastman Chemical Co.** |
| 4.50%, 12/01/28 *(a)* | 50000 | 50591 |
| 5.00%, 08/01/29 *(a)* | 50000 | 51336 |
| 4.50%, 02/20/31 *(a)* | 75000 | 75076 |
| **Ecolab, Inc.** | **Ecolab, Inc.** | **Ecolab, Inc.** |
| 3.25%, 12/01/27 *(a)* | 150000 | 149167 |
| 4.80%, 03/24/30 *(a)* | 100000 | 103075 |
| 1.30%, 01/30/31 *(a)* | 70000 | 61672 |
| **EIDP, Inc.** | **EIDP, Inc.** | **EIDP, Inc.** |
| 2.30%, 07/15/30 *(a)* | 60000 | 56168 |
| **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** |
| 5.00%, 09/01/27 *(a)* | 100000 | 100122 |
| 4.13%, 03/01/28 *(a)* | 100000 | 99971 |
| 5.25%, 09/01/29 *(a)* | 100000 | 101536 |
| 4.25%, 03/01/30 *(a)* | 100000 | 100230 |
| 4.63%, 08/01/30 *(a)* | 80000 | 80938 |
| **Georgia-Pacific LLC** | **Georgia-Pacific LLC** | **Georgia-Pacific LLC** |
| 7.75%, 11/15/29  | 75000 | 84833 |
| **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** |
| 4.45%, 09/26/28 *(a)* | 75000 | 75585 |
| **Linde, Inc.** | **Linde, Inc.** | **Linde, Inc.** |
| 1.10%, 08/10/30 *(a)* | 80000 | 71085 |
| **LYB International Finance III LLC** | **LYB International Finance III LLC** | **LYB International Finance III LLC** |
| 2.25%, 10/01/30 *(a)* | 60000 | 54281 |
| 5.13%, 01/15/31 *(a)* | 70000 | 71195 |
| **Mosaic Co.** | **Mosaic Co.** | **Mosaic Co.** |
| 4.05%, 11/15/27 *(a)* | 150000 | 150186 |
| 5.38%, 11/15/28 *(a)* | 50000 | 51640 |
| 4.35%, 01/15/29 *(a)* | 70000 | 70584 |
| 4.60%, 11/15/30 *(a)* | 50000 | 50632 |
| **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** |
| 3.25%, 05/13/30 *(a)* | 60000 | 58438 |
| **Nucor Corp.** | **Nucor Corp.** | **Nucor Corp.** |
| 4.30%, 05/23/27 *(a)* | 100000 | 100647 |
| 3.95%, 05/01/28 *(a)* | 100000 | 100302 |
| 2.70%, 06/01/30 *(a)* | 60000 | 56932 |
| 4.65%, 06/01/30 *(a)* | 70000 | 71678 |
| **Nutrien Ltd.** | **Nutrien Ltd.** | **Nutrien Ltd.** |
| 4.50%, 03/12/27  | 100000 | 100584 |
| 4.90%, 03/27/28 *(a)* | 125000 | 127276 |
| 4.20%, 04/01/29 *(a)* | 175000 | 175798 |
| 2.95%, 05/13/30 *(a)* | 100000 | 95460 |
| **Packaging Corp. of America** | **Packaging Corp. of America** | **Packaging Corp. of America** |
| 3.00%, 12/15/29 *(a)* | 150000 | 144606 |
| **PPG Industries, Inc.** | **PPG Industries, Inc.** | **PPG Industries, Inc.** |
| 2.80%, 08/15/29 *(a)* | 50000 | 48313 |
| 2.55%, 06/15/30 *(a)* | 40000 | 37664 |
| **Reliance, Inc.** | **Reliance, Inc.** | **Reliance, Inc.** |
| 2.15%, 08/15/30 *(a)* | 60000 | 54975 |
| **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** |
| 7.13%, 07/15/28  | 150000 | 161175 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** |
| 4.38%, 03/12/27  | 100000 | 100773 |
| 4.50%, 03/14/28 *(a)* | 100000 | 101427 |
| 4.88%, 03/14/30 *(a)* | 200000 | 206644 |
| **Rohm & Haas Co.** | **Rohm & Haas Co.** | **Rohm & Haas Co.** |
| 7.85%, 07/15/29  | 100000 | 111114 |
| **RPM International, Inc.** | **RPM International, Inc.** | **RPM International, Inc.** |
| 3.75%, 03/15/27 *(a)* | 100000 | 99858 |
| **Sherwin-Williams Co.** | **Sherwin-Williams Co.** | **Sherwin-Williams Co.** |
| 3.45%, 06/01/27 *(a)* | 300000 | 298647 |
| 4.55%, 03/01/28 *(a)* | 50000 | 50656 |
| 4.30%, 08/15/28 *(a)* | 70000 | 70622 |
| 2.95%, 08/15/29 *(a)* | 50000 | 48332 |
| 2.30%, 05/15/30 *(a)* | 100000 | 93041 |
| 4.50%, 08/15/30 *(a)* | 70000 | 71110 |
| **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** |
| 5.20%, 01/15/30 *(a)* | 200000 | 207388 |
| **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** |
| 1.65%, 10/15/27 *(a)* | 100000 | 96499 |
| 4.00%, 12/15/28 *(a)* | 90000 | 90085 |
| 3.45%, 04/15/30 *(a)* | 75000 | 72987 |
| 3.25%, 01/15/31 *(a)* | 70000 | 67042 |
| **Suzano Austria GmbH** | **Suzano Austria GmbH** | **Suzano Austria GmbH** |
| 6.00%, 01/15/29 *(a)* | 200000 | 207484 |
| 5.00%, 01/15/30 *(a)* | 200000 | 201482 |
| 3.75%, 01/15/31 *(a)* | 160000 | 152674 |
| **Vale Overseas Ltd.** | **Vale Overseas Ltd.** | **Vale Overseas Ltd.** |
| 3.75%, 07/08/30 *(a)* | 190000 | 184418 |
| **Westlake Corp.** | **Westlake Corp.** | **Westlake Corp.** |
| 3.38%, 06/15/30 *(a)* | 40000 | 38700 |
| **WestRock MWV LLC** | **WestRock MWV LLC** | **WestRock MWV LLC** |
| 8.20%, 01/15/30  | 100000 | 114537 |
| **Weyerhaeuser Co.** | **Weyerhaeuser Co.** | **Weyerhaeuser Co.** |
| 4.00%, 11/15/29 *(a)* | 100000 | 99551 |
| 4.00%, 04/15/30 *(a)* | 100000 | 99252 |
| **WRKCo, Inc.** | **WRKCo, Inc.** | **WRKCo, Inc.** |
| 4.00%, 03/15/28 *(a)* | 100000 | 100184 |
| 3.90%, 06/01/28 *(a)* | 100000 | 99920 |
|  |  | **8421121** |
| ***Capital Goods 1.4%***  | ***Capital Goods 1.4%***  | ***Capital Goods 1.4%***  |
| **3M Co.** | **3M Co.** | **3M Co.** |
| 2.88%, 10/15/27 *(a)* | 200000 | 197318 |
| 3.38%, 03/01/29 *(a)* | 100000 | 98513 |
| 2.38%, 08/26/29 *(a)* | 125000 | 118709 |
| 4.80%, 03/15/30 *(a)* | 100000 | 102861 |
| 3.05%, 04/15/30 *(a)* | 75000 | 72256 |
| **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** |
| 3.80%, 04/03/28 *(a)* | 50000 | 50079 |
| **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** |
| 2.15%, 12/15/30 *(a)* | 75000 | 68207 |
| **AGCO Corp.** | **AGCO Corp.** | **AGCO Corp.** |
| 5.45%, 03/21/27 *(a)* | 75000 | 75899 |
| **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** |
| 3.55%, 10/01/27 *(a)* | 100000 | 99334 |
| **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** |
| 4.50%, 05/15/28 *(a)* | 100000 | 100998 |
| **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** |
| 4.80%, 03/17/28  | 100000 | 101780 |
| 5.10%, 03/17/30 *(a)* | 100000 | 103564 |
| 2.63%, 06/19/30 *(a)* | 60000 | 56450 |
| **Amcor Group Finance PLC** | **Amcor Group Finance PLC** | **Amcor Group Finance PLC** |
| 5.45%, 05/23/29 *(a)* | 75000 | 78089 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**109**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Amphenol Corp.** | **Amphenol Corp.** | **Amphenol Corp.** |
| 5.05%, 04/05/27 *(a)* | 100000 | 101303 |
| 3.80%, 11/15/27  | 100000 | 100138 |
| 4.38%, 06/12/28 *(a)* | 100000 | 101321 |
| 3.90%, 11/15/28 *(a)* | 100000 | 100295 |
| 5.05%, 04/05/29 *(a)* | 75000 | 77543 |
| 4.35%, 06/01/29 *(a)* | 75000 | 76208 |
| 2.80%, 02/15/30 *(a)* | 125000 | 119719 |
| 4.13%, 11/15/30 *(a)* | 140000 | 140699 |
| **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** |
| 4.95%, 04/07/30 *(a)* | 275000 | 282898 |
| **Avery Dennison Corp.** | **Avery Dennison Corp.** | **Avery Dennison Corp.** |
| 4.88%, 12/06/28 *(a)* | 75000 | 76583 |
| 2.65%, 04/30/30 *(a)* | 75000 | 70757 |
| **Berry Global, Inc.** | **Berry Global, Inc.** | **Berry Global, Inc.** |
| 5.50%, 04/15/28 *(a)* | 100000 | 103200 |
| **Boeing Co.** | **Boeing Co.** | **Boeing Co.** |
| 5.04%, 05/01/27 *(a)* | 200000 | 202120 |
| 6.26%, 05/01/27 *(a)* | 150000 | 153702 |
| 3.25%, 02/01/28 *(a)* | 150000 | 148242 |
| 3.25%, 03/01/28 *(a)* | 100000 | 98822 |
| 3.45%, 11/01/28 *(a)* | 50000 | 49419 |
| 3.20%, 03/01/29 *(a)* | 150000 | 146625 |
| 6.30%, 05/01/29 *(a)* | 350000 | 373068 |
| 2.95%, 02/01/30 *(a)* | 100000 | 95906 |
| 5.15%, 05/01/30 *(a)* | 600000 | 621528 |
| 3.63%, 02/01/31 *(a)* | 175000 | 170021 |
| **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** |
| 3.75%, 12/01/27 *(a)* | 100000 | 99723 |
| 2.75%, 03/01/30 *(a)* | 100000 | 95008 |
| **Carrier Global Corp.** | **Carrier Global Corp.** | **Carrier Global Corp.** |
| 2.72%, 02/15/30 *(a)* | 250000 | 237647 |
| 2.70%, 02/15/31 *(a)(d)* | 100000 | 93653 |
| **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** |
| 3.60%, 08/12/27  | 200000 | 199988 |
| 1.10%, 09/14/27  | 200000 | 192636 |
| 4.40%, 10/15/27  | 50000 | 50577 |
| 4.60%, 11/15/27  | 100000 | 101587 |
| 3.70%, 01/10/28  | 70000 | 70170 |
| 4.10%, 08/15/28  | 100000 | 100898 |
| 3.95%, 11/14/28  | 140000 | 140792 |
| 3.75%, 02/23/29  | 125000 | 125117 |
| 4.85%, 02/27/29  | 150000 | 154893 |
| 4.38%, 08/16/29  | 50000 | 50977 |
| 4.70%, 11/15/29  | 150000 | 154590 |
| 4.80%, 01/08/30  | 100000 | 103940 |
| 4.15%, 01/08/31  | 70000 | 70578 |
| **Caterpillar, Inc.** | **Caterpillar, Inc.** | **Caterpillar, Inc.** |
| 2.60%, 09/19/29 *(a)* | 50000 | 48086 |
| 2.60%, 04/09/30 *(a)* | 100000 | 95382 |
| **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** |
| 4.75%, 03/21/28 *(a)* | 100000 | 101381 |
| 4.55%, 04/10/28 *(a)* | 150000 | 151488 |
| 5.10%, 04/20/29 *(a)* | 100000 | 102881 |
| 4.50%, 10/16/30 *(a)* | 70000 | 70604 |
| **CNH Industrial NV** | **CNH Industrial NV** | **CNH Industrial NV** |
| 3.85%, 11/15/27 *(a)* | 100000 | 99797 |
| **CRH SMW Finance DAC** | **CRH SMW Finance DAC** | **CRH SMW Finance DAC** |
| 5.20%, 05/21/29 *(a)* | 200000 | 207268 |
| 5.13%, 01/09/30 *(a)* | 200000 | 207096 |
| **Deere & Co.** | **Deere & Co.** | **Deere & Co.** |
| 5.38%, 10/16/29  | 75000 | 79112 |
| 3.10%, 04/15/30 *(a)* | 75000 | 72843 |
| **Deere Funding Canada Corp.** | **Deere Funding Canada Corp.** | **Deere Funding Canada Corp.** |
| 4.15%, 10/09/30 *(a)* | 70000 | 70453 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Dover Corp.** | **Dover Corp.** | **Dover Corp.** |
| 2.95%, 11/04/29 *(a)* | 75000 | 72362 |
| **Eaton Capital ULC** | **Eaton Capital ULC** | **Eaton Capital ULC** |
| 4.45%, 05/09/30 *(a)* | 200000 | 203560 |
| **Emerson Electric Co.** | **Emerson Electric Co.** | **Emerson Electric Co.** |
| 1.80%, 10/15/27 *(a)* | 100000 | 97102 |
| 2.00%, 12/21/28 *(a)* | 100000 | 95526 |
| 1.95%, 10/15/30 *(a)* | 60000 | 55001 |
| **Flowserve Corp.** | **Flowserve Corp.** | **Flowserve Corp.** |
| 3.50%, 10/01/30 *(a)* | 70000 | 67606 |
| **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** |
| 3.25%, 09/15/29 *(a)* | 100000 | 96963 |
| **GE Vernova, Inc.** | **GE Vernova, Inc.** | **GE Vernova, Inc.** |
| 4.25%, 02/04/31 *(a)* | 75000 | 75568 |
| **General Dynamics Corp.** | **General Dynamics Corp.** | **General Dynamics Corp.** |
| 3.50%, 04/01/27 *(a)* | 100000 | 99820 |
| 2.63%, 11/15/27 *(a)* | 150000 | 147684 |
| 3.75%, 05/15/28 *(a)* | 100000 | 100319 |
| 3.63%, 04/01/30 *(a)* | 100000 | 99041 |
| **General Electric Co.** | **General Electric Co.** | **General Electric Co.** |
| 4.30%, 07/29/30 *(a)* | 130000 | 132128 |
| **HEICO Corp.** | **HEICO Corp.** | **HEICO Corp.** |
| 5.25%, 08/01/28 *(a)* | 100000 | 102923 |
| **Honeywell International, Inc.** | **Honeywell International, Inc.** | **Honeywell International, Inc.** |
| 1.10%, 03/01/27 *(a)* | 100000 | 97416 |
| 4.65%, 07/30/27 *(a)* | 100000 | 101215 |
| 4.95%, 02/15/28 *(a)* | 100000 | 102225 |
| 4.25%, 01/15/29 *(a)* | 100000 | 101210 |
| 2.70%, 08/15/29 *(a)* | 125000 | 120423 |
| 4.88%, 09/01/29 *(a)* | 100000 | 103262 |
| 4.70%, 02/01/30 *(a)* | 150000 | 154132 |
| 1.95%, 06/01/30 *(a)* | 120000 | 110707 |
| **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** |
| 6.75%, 01/15/28  | 50000 | 52619 |
| 3.00%, 01/15/29 *(a)* | 100000 | 97640 |
| **Hubbell, Inc.** | **Hubbell, Inc.** | **Hubbell, Inc.** |
| 3.50%, 02/15/28 *(a)* | 75000 | 74549 |
| **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** |
| 3.48%, 12/01/27 *(a)* | 150000 | 148719 |
| 2.04%, 08/16/28 *(a)* | 100000 | 95459 |
| 5.35%, 01/15/30 *(a)* | 100000 | 103840 |
| 4.20%, 05/01/30 *(a)* | 100000 | 99903 |
| **IDEX Corp.** | **IDEX Corp.** | **IDEX Corp.** |
| 4.95%, 09/01/29 *(a)* | 50000 | 51352 |
| 3.00%, 05/01/30 *(a)* | 100000 | 95810 |
| **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** |
| 5.40%, 08/14/28 *(a)* | 100000 | 103416 |
| 5.18%, 06/15/29 *(a)* | 100000 | 103720 |
| **John Deere Capital Corp.** | **John Deere Capital Corp.** | **John Deere Capital Corp.** |
| 1.75%, 03/09/27  | 100000 | 98106 |
| 4.20%, 07/15/27  | 100000 | 100762 |
| 4.15%, 09/15/27  | 200000 | 201578 |
| 4.65%, 01/07/28  | 100000 | 101876 |
| 4.75%, 01/20/28  | 200000 | 204246 |
| 4.90%, 03/03/28  | 125000 | 128089 |
| 1.50%, 03/06/28  | 175000 | 167984 |
| 4.25%, 06/05/28  | 90000 | 91208 |
| 4.95%, 07/14/28  | 250000 | 257085 |
| 4.50%, 01/16/29  | 200000 | 204472 |
| 3.45%, 03/07/29  | 150000 | 148764 |
| 3.35%, 04/18/29  | 75000 | 74036 |
| 4.85%, 06/11/29  | 150000 | 154962 |
| 2.45%, 01/09/30  | 100000 | 95446 |
| 4.55%, 06/05/30  | 100000 | 102484 |

---

*See financial notes*

**110**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.70%, 06/10/30  | 130000 | 134144 |
| 4.38%, 10/15/30  | 80000 | 81451 |
| 1.45%, 01/15/31  | 70000 | 62515 |
| **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** |
| 5.50%, 04/19/29 *(a)* | 100000 | 104610 |
| 1.75%, 09/15/30 *(a)* | 70000 | 63338 |
| **Kennametal, Inc.** | **Kennametal, Inc.** | **Kennametal, Inc.** |
| 4.63%, 06/15/28 *(a)* | 75000 | 75923 |
| **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** |
| 4.40%, 06/15/28 *(a)* | 200000 | 201906 |
| 5.05%, 06/01/29 *(a)* | 100000 | 103147 |
| 2.90%, 12/15/29 *(a)* | 100000 | 96088 |
| 1.80%, 01/15/31 *(a)* | 80000 | 71704 |
| **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** |
| 4.40%, 03/15/29 *(a)* | 100000 | 99633 |
| **Lennox International, Inc.** | **Lennox International, Inc.** | **Lennox International, Inc.** |
| 5.50%, 09/15/28 *(a)* | 100000 | 103494 |
| **Lockheed Martin Corp.** | **Lockheed Martin Corp.** | **Lockheed Martin Corp.** |
| 5.10%, 11/15/27 *(a)* | 150000 | 153595 |
| 4.15%, 08/15/28 *(a)* | 70000 | 70718 |
| 4.50%, 02/15/29 *(a)* | 100000 | 102023 |
| 1.85%, 06/15/30 *(a)* | 50000 | 45881 |
| 4.40%, 08/15/30 *(a)* | 100000 | 101868 |
| **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** |
| 3.50%, 12/15/27 *(a)* | 100000 | 99358 |
| 2.50%, 03/15/30 *(a)* | 100000 | 94278 |
| **Masco Corp.** | **Masco Corp.** | **Masco Corp.** |
| 1.50%, 02/15/28 *(a)* | 100000 | 95468 |
| 2.00%, 10/01/30 *(a)* | 40000 | 36276 |
| 2.00%, 02/15/31 *(a)* | 75000 | 67458 |
| **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** |
| 5.85%, 09/18/28 *(a)* | 100000 | 104202 |
| 3.63%, 05/15/30 *(a)* | 100000 | 97882 |
| **Nordson Corp.** | **Nordson Corp.** | **Nordson Corp.** |
| 5.60%, 09/15/28 *(a)* | 75000 | 77639 |
| 4.50%, 12/15/29 *(a)* | 75000 | 76052 |
| **Northrop Grumman Corp.** | **Northrop Grumman Corp.** | **Northrop Grumman Corp.** |
| 3.25%, 01/15/28 *(a)* | 250000 | 247587 |
| 4.60%, 02/01/29 *(a)* | 75000 | 76508 |
| 4.40%, 05/01/30 *(a)* | 100000 | 101506 |
| 4.65%, 07/15/30 *(a)* | 70000 | 71719 |
| **nVent Finance SARL** | **nVent Finance SARL** | **nVent Finance SARL** |
| 4.55%, 04/15/28 *(a)* | 100000 | 100825 |
| **Oshkosh Corp.** | **Oshkosh Corp.** | **Oshkosh Corp.** |
| 4.60%, 05/15/28 *(a)* | 100000 | 101035 |
| **Otis Worldwide Corp.** | **Otis Worldwide Corp.** | **Otis Worldwide Corp.** |
| 5.25%, 08/16/28 *(a)* | 150000 | 154789 |
| 2.57%, 02/15/30 *(a)* | 200000 | 189060 |
| **Owens Corning** | **Owens Corning** | **Owens Corning** |
| 3.95%, 08/15/29 *(a)* | 50000 | 49837 |
| 3.50%, 02/15/30 *(a)* | 75000 | 73393 |
| 3.88%, 06/01/30 *(a)* | 40000 | 39589 |
| **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** |
| 3.25%, 03/01/27 *(a)* | 150000 | 149275 |
| 4.25%, 09/15/27 *(a)* | 200000 | 201286 |
| 3.25%, 06/14/29 *(a)* | 150000 | 147076 |
| 4.50%, 09/15/29 *(a)* | 100000 | 101871 |
| **Pentair Finance SARL** | **Pentair Finance SARL** | **Pentair Finance SARL** |
| 4.50%, 07/01/29 *(a)* | 75000 | 75742 |
| **Regal Rexnord Corp.** | **Regal Rexnord Corp.** | **Regal Rexnord Corp.** |
| 6.05%, 04/15/28 *(a)* | 175000 | 181491 |
| 6.30%, 02/15/30 *(a)* | 150000 | 160273 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Republic Services, Inc.** | **Republic Services, Inc.** | **Republic Services, Inc.** |
| 3.38%, 11/15/27 *(a)* | 150000 | 149145 |
| 3.95%, 05/15/28 *(a)* | 100000 | 100341 |
| 4.88%, 04/01/29 *(a)* | 100000 | 102791 |
| 2.30%, 03/01/30 *(a)* | 100000 | 93844 |
| 4.75%, 07/15/30 *(a)* | 70000 | 71994 |
| **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** |
| 3.50%, 03/01/29 *(a)* | 75000 | 74249 |
| **RTX Corp.** | **RTX Corp.** | **RTX Corp.** |
| 3.50%, 03/15/27 *(a)* | 150000 | 149571 |
| 3.13%, 05/04/27 *(a)* | 150000 | 148866 |
| 4.13%, 11/16/28 *(a)* | 410000 | 412530 |
| 5.75%, 01/15/29 *(a)* | 75000 | 78821 |
| 7.50%, 09/15/29  | 100000 | 111760 |
| 2.25%, 07/01/30 *(a)* | 120000 | 111871 |
| **Snap-on, Inc.** | **Snap-on, Inc.** | **Snap-on, Inc.** |
| 3.25%, 03/01/27 *(a)* | 100000 | 99480 |
| **Sonoco Products Co.** | **Sonoco Products Co.** | **Sonoco Products Co.** |
| 4.60%, 09/01/29 *(a)* | 100000 | 101425 |
| 3.13%, 05/01/30 *(a)* | 100000 | 95632 |
| **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** |
| 4.60%, 06/15/28 *(a)* | 75000 | 75709 |
| **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** |
| 6.00%, 03/06/28 *(a)* | 100000 | 103819 |
| 2.30%, 03/15/30 *(a)* | 100000 | 92771 |
| **Textron, Inc.** | **Textron, Inc.** | **Textron, Inc.** |
| 3.65%, 03/15/27 *(a)* | 100000 | 99726 |
| 3.90%, 09/17/29 *(a)* | 50000 | 49754 |
| 3.00%, 06/01/30 *(a)* | 80000 | 76630 |
| **Timken Co.** | **Timken Co.** | **Timken Co.** |
| 4.50%, 12/15/28 *(a)* | 75000 | 75716 |
| **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** |
| 3.80%, 03/21/29 *(a)* | 100000 | 100061 |
| **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** |
| 3.75%, 08/21/28 *(a)* | 75000 | 75179 |
| **Tyco Electronics Group SA** | **Tyco Electronics Group SA** | **Tyco Electronics Group SA** |
| 3.13%, 08/15/27 *(a)* | 100000 | 99280 |
| 4.50%, 02/09/31 *(a)* | 75000 | 76351 |
| **Veralto Corp.** | **Veralto Corp.** | **Veralto Corp.** |
| 5.35%, 09/18/28 *(a)* | 150000 | 154929 |
| **Vontier Corp.** | **Vontier Corp.** | **Vontier Corp.** |
| 2.40%, 04/01/28 *(a)* | 100000 | 96607 |
| **Vulcan Materials Co.** | **Vulcan Materials Co.** | **Vulcan Materials Co.** |
| 4.95%, 12/01/29 *(a)* | 100000 | 103136 |
| 3.50%, 06/01/30 *(a)* | 90000 | 88051 |
| **Waste Connections, Inc.** | **Waste Connections, Inc.** | **Waste Connections, Inc.** |
| 4.25%, 12/01/28 *(a)* | 75000 | 75720 |
| 3.50%, 05/01/29 *(a)* | 75000 | 74443 |
| 2.60%, 02/01/30 *(a)* | 75000 | 71467 |
| **Waste Management, Inc.** | **Waste Management, Inc.** | **Waste Management, Inc.** |
| 3.88%, 01/15/29 *(a)* | 350000 | 350829 |
| 4.88%, 02/15/29 *(a)* | 100000 | 102966 |
| 2.00%, 06/01/29 *(a)* | 200000 | 188894 |
| 4.63%, 02/15/30 *(a)* | 100000 | 102427 |
| 4.65%, 03/15/30 *(a)* | 100000 | 102649 |
| **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** |
| 4.70%, 09/15/28 *(a)(f)* | 200000 | 203184 |
| 4.90%, 05/29/30 *(a)* | 40000 | 41219 |
| **Xylem, Inc.** | **Xylem, Inc.** | **Xylem, Inc.** |
| 1.95%, 01/30/28 *(a)* | 100000 | 96569 |
| 2.25%, 01/30/31 *(a)* | 60000 | 54884 |
|  |  | **22956460** |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**111**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Communications 1.3%***  | ***Communications 1.3%***  | ***Communications 1.3%***  |
| **America Movil SAB de CV** | **America Movil SAB de CV** | **America Movil SAB de CV** |
| 2.88%, 05/07/30 *(a)* | 200000 | 190064 |
| **American Tower Corp.** | **American Tower Corp.** | **American Tower Corp.** |
| 3.65%, 03/15/27 *(a)* | 100000 | 99684 |
| 3.60%, 01/15/28 *(a)* | 100000 | 99309 |
| 5.50%, 03/15/28 *(a)* | 300000 | 308511 |
| 5.25%, 07/15/28 *(a)* | 100000 | 102848 |
| 5.80%, 11/15/28 *(a)* | 100000 | 104480 |
| 5.20%, 02/15/29 *(a)* | 100000 | 103249 |
| 3.95%, 03/15/29 *(a)* | 100000 | 99696 |
| 3.80%, 08/15/29 *(a)* | 200000 | 198204 |
| 2.90%, 01/15/30 *(a)* | 100000 | 95595 |
| 5.00%, 01/31/30 *(a)* | 100000 | 103038 |
| 4.90%, 03/15/30 *(a)* | 100000 | 102812 |
| 2.10%, 06/15/30 *(a)* | 90000 | 82648 |
| 1.88%, 10/15/30 *(a)* | 200000 | 180554 |
| **AppLovin Corp.** | **AppLovin Corp.** | **AppLovin Corp.** |
| 5.13%, 12/01/29 *(a)* | 125000 | 127698 |
| **AT&T, Inc.** | **AT&T, Inc.** | **AT&T, Inc.** |
| 4.25%, 03/01/27 *(a)* | 200000 | 200518 |
| 2.30%, 06/01/27 *(a)* | 400000 | 392408 |
| 1.65%, 02/01/28 *(a)* | 300000 | 287757 |
| 4.10%, 02/15/28 *(a)* | 250000 | 250835 |
| 4.35%, 03/01/29 *(a)* | 475000 | 480401 |
| 4.30%, 02/15/30 *(a)* | 400000 | 403720 |
| 4.70%, 08/15/30 *(a)* | 130000 | 133344 |
| **British Telecommunications PLC** | **British Telecommunications PLC** | **British Telecommunications PLC** |
| 9.63%, 12/15/30 *(f)* | 400000 | 489424 |
| **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** |
| 3.75%, 02/15/28 *(a)* | 150000 | 148683 |
| 4.20%, 03/15/28 *(a)* | 175000 | 174862 |
| 2.25%, 01/15/29 *(a)* | 200000 | 188820 |
| 5.05%, 03/30/29 *(a)* | 225000 | 228496 |
| 6.10%, 06/01/29 *(a)* | 200000 | 209624 |
| **Comcast Corp.** | **Comcast Corp.** | **Comcast Corp.** |
| 3.30%, 04/01/27 *(a)* | 75000 | 74618 |
| 3.15%, 02/15/28 *(a)* | 150000 | 148313 |
| 3.55%, 05/01/28 *(a)* | 100000 | 99516 |
| 4.15%, 10/15/28 *(a)* | 400000 | 403040 |
| 4.55%, 01/15/29 *(a)* | 100000 | 102017 |
| 5.10%, 06/01/29 *(a)* | 75000 | 77831 |
| 2.65%, 02/01/30 *(a)* | 300000 | 285489 |
| 3.40%, 04/01/30 *(a)* | 200000 | 195608 |
| 4.25%, 10/15/30 *(a)* | 210000 | 211877 |
| 1.95%, 01/15/31 *(a)* | 190000 | 171800 |
| 1.50%, 02/15/31 *(a)* | 200000 | 176576 |
| **Crown Castle, Inc.** | **Crown Castle, Inc.** | **Crown Castle, Inc.** |
| 2.90%, 03/15/27 *(a)* | 150000 | 148389 |
| 3.65%, 09/01/27 *(a)* | 150000 | 149336 |
| 5.00%, 01/11/28 *(a)* | 150000 | 152567 |
| 3.80%, 02/15/28 *(a)* | 100000 | 99606 |
| 4.80%, 09/01/28 *(a)* | 100000 | 101687 |
| 4.30%, 02/15/29 *(a)* | 75000 | 75333 |
| 5.60%, 06/01/29 *(a)* | 100000 | 104188 |
| 4.90%, 09/01/29 *(a)* | 200000 | 203990 |
| 3.30%, 07/01/30 *(a)* | 90000 | 86226 |
| 2.25%, 01/15/31 *(a)* | 140000 | 126592 |
| **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** |
| 8.75%, 06/15/30 *(f)* | 465000 | 545491 |
| **Fox Corp.** | **Fox Corp.** | **Fox Corp.** |
| 4.71%, 01/25/29 *(a)* | 300000 | 304584 |
| 3.50%, 04/08/30 *(a)* | 75000 | 73118 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** |
| 5.88%, 11/01/29 *(a)* | 110000 | 111247 |
| **Frontier Florida LLC** | **Frontier Florida LLC** | **Frontier Florida LLC** |
| 6.86%, 02/01/28  | 40000 | 41665 |
| **Koninklijke KPN NV** | **Koninklijke KPN NV** | **Koninklijke KPN NV** |
| 8.38%, 10/01/30  | 100000 | 117391 |
| **Meta Platforms, Inc.** | **Meta Platforms, Inc.** | **Meta Platforms, Inc.** |
| 3.50%, 08/15/27 *(a)* | 355000 | 354748 |
| 4.60%, 05/15/28 *(a)* | 275000 | 280503 |
| 4.30%, 08/15/29 *(a)* | 100000 | 101705 |
| 4.80%, 05/15/30 *(a)* | 100000 | 103388 |
| 4.20%, 11/15/30 *(a)* | 550000 | 555307 |
| **Netflix, Inc.** | **Netflix, Inc.** | **Netflix, Inc.** |
| 4.88%, 04/15/28  | 250000 | 255677 |
| 5.88%, 11/15/28  | 300000 | 315576 |
| **Omnicom Group, Inc.** | **Omnicom Group, Inc.** | **Omnicom Group, Inc.** |
| 4.65%, 10/01/28 *(a)* | 160000 | 161829 |
| 4.75%, 03/30/30 *(a)* | 180000 | 183494 |
| 2.45%, 04/30/30 *(a)* | 100000 | 93156 |
| 4.20%, 06/01/30 *(a)* | 80000 | 79987 |
| **Paramount Global** | **Paramount Global** | **Paramount Global** |
| 3.70%, 06/01/28 *(a)* | 100000 | 97184 |
| 4.20%, 06/01/29 *(a)* | 50000 | 48150 |
| 7.88%, 07/30/30  | 130000 | 137042 |
| 4.95%, 01/15/31 *(a)* | 170000 | 159062 |
| **Rogers Communications, Inc.** | **Rogers Communications, Inc.** | **Rogers Communications, Inc.** |
| 3.20%, 03/15/27 *(a)* | 200000 | 198530 |
| 5.00%, 02/15/29 *(a)* | 200000 | 204626 |
| **Sprint Capital Corp.** | **Sprint Capital Corp.** | **Sprint Capital Corp.** |
| 6.88%, 11/15/28  | 400000 | 429624 |
| **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** |
| 3.70%, 04/14/27 *(a)* | 200000 | 199500 |
| 4.95%, 03/28/28 *(a)* | 100000 | 101751 |
| **TCI Communications, Inc.** | **TCI Communications, Inc.** | **TCI Communications, Inc.** |
| 7.13%, 02/15/28  | 75000 | 79633 |
| **Telefonica Emisiones SA** | **Telefonica Emisiones SA** | **Telefonica Emisiones SA** |
| 4.10%, 03/08/27  | 250000 | 250260 |
| **Telefonica Europe BV** | **Telefonica Europe BV** | **Telefonica Europe BV** |
| 8.25%, 09/15/30  | 190000 | 219490 |
| **TELUS Corp.** | **TELUS Corp.** | **TELUS Corp.** |
| 3.70%, 09/15/27 *(a)* | 100000 | 99486 |
| **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** |
| 3.75%, 04/15/27 *(a)* | 700000 | 699209 |
| 2.05%, 02/15/28 *(a)* | 250000 | 241482 |
| 4.95%, 03/15/28 *(a)* | 150000 | 153060 |
| 4.80%, 07/15/28 *(a)* | 150000 | 152981 |
| 4.85%, 01/15/29 *(a)* | 150000 | 153691 |
| 2.63%, 02/15/29 *(a)* | 150000 | 144363 |
| 2.40%, 03/15/29 *(a)* | 75000 | 71660 |
| 3.38%, 04/15/29 *(a)* | 300000 | 294651 |
| 4.20%, 10/01/29 *(a)* | 100000 | 100790 |
| 3.88%, 04/15/30 *(a)* | 1000000 | 992380 |
| 2.55%, 02/15/31 *(a)* | 325000 | 300849 |
| 2.88%, 02/15/31 *(a)* | 100000 | 93948 |
| **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** |
| 2.95%, 06/15/27  | 150000 | 148784 |
| **Verizon Communications, Inc.** | **Verizon Communications, Inc.** | **Verizon Communications, Inc.** |
| 4.13%, 03/16/27  | 223000 | 223801 |
| 2.10%, 03/22/28 *(a)* | 350000 | 338166 |
| 4.33%, 09/21/28  | 400000 | 404288 |
| 4.02%, 12/03/29 *(a)* | 400000 | 400564 |
| 3.15%, 03/22/30 *(a)* | 200000 | 193614 |
| 1.50%, 09/18/30 *(a)* | 120000 | 107260 |
| 1.68%, 10/30/30 *(a)* | 200000 | 179482 |

---

*See financial notes*

**112**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 7.75%, 12/01/30  | 75000 | 86517 |
| 1.75%, 01/20/31 *(a)* | 400000 | 357772 |
| **Vodafone Group PLC** | **Vodafone Group PLC** | **Vodafone Group PLC** |
| 7.88%, 02/15/30  | 100000 | 114141 |
| **Walt Disney Co.** | **Walt Disney Co.** | **Walt Disney Co.** |
| 2.20%, 01/13/28  | 100000 | 97649 |
| 2.00%, 09/01/29 *(a)* | 300000 | 282936 |
| 3.80%, 03/22/30  | 200000 | 199882 |
| 2.65%, 01/13/31  | 330000 | 312579 |
| **Weibo Corp.** | **Weibo Corp.** | **Weibo Corp.** |
| 3.38%, 07/08/30 *(a)* | 200000 | 192160 |
|  |  | **21723744** |
| ***Consumer Cyclical 2.1%***  | ***Consumer Cyclical 2.1%***  | ***Consumer Cyclical 2.1%***  |
| **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** |
| 3.40%, 12/06/27 *(a)* | 400000 | 397516 |
| 4.88%, 05/26/30 *(a)* | 200000 | 207754 |
| 2.13%, 02/09/31 *(a)* | 200000 | 183688 |
| **Amazon.com, Inc.** | **Amazon.com, Inc.** | **Amazon.com, Inc.** |
| 3.30%, 04/13/27 *(a)* | 350000 | 348866 |
| 1.20%, 06/03/27 *(a)* | 100000 | 97085 |
| 3.15%, 08/22/27 *(a)* | 525000 | 522139 |
| 4.55%, 12/01/27 *(a)* | 300000 | 304818 |
| 1.65%, 05/12/28 *(a)* | 350000 | 335632 |
| 3.90%, 11/20/28 *(a)* | 340000 | 341928 |
| 3.45%, 04/13/29 *(a)* | 200000 | 198638 |
| 4.65%, 12/01/29 *(a)* | 200000 | 205918 |
| 1.50%, 06/03/30 *(a)* | 230000 | 208658 |
| 4.10%, 11/20/30 *(a)* | 340000 | 342564 |
| **American Honda Finance Corp.** | **American Honda Finance Corp.** | **American Honda Finance Corp.** |
| 4.90%, 03/12/27  | 98000 | 99091 |
| 4.55%, 07/09/27  | 120000 | 121176 |
| 4.45%, 10/22/27  | 100000 | 100986 |
| 4.70%, 01/12/28  | 100000 | 101552 |
| 4.55%, 03/03/28  | 100000 | 101292 |
| 2.00%, 03/24/28  | 100000 | 96336 |
| 5.13%, 07/07/28  | 150000 | 154062 |
| 4.25%, 09/01/28  | 90000 | 90721 |
| 5.65%, 11/15/28  | 150000 | 156585 |
| 4.15%, 01/08/29  | 100000 | 100554 |
| 2.25%, 01/12/29  | 100000 | 95482 |
| 4.90%, 03/13/29  | 125000 | 128265 |
| 4.40%, 09/05/29  | 100000 | 101370 |
| 4.80%, 03/05/30  | 100000 | 102498 |
| 4.60%, 04/17/30  | 200000 | 203622 |
| 4.50%, 09/04/30  | 90000 | 91116 |
| 5.85%, 10/04/30  | 70000 | 74835 |
| 4.45%, 01/08/31  | 70000 | 70713 |
| 1.80%, 01/13/31  | 70000 | 62640 |
| **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** |
| 4.65%, 09/13/29 *(a)* | 200000 | 205000 |
| **AutoNation, Inc.** | **AutoNation, Inc.** | **AutoNation, Inc.** |
| 3.80%, 11/15/27 *(a)* | 50000 | 49832 |
| 1.95%, 08/01/28 *(a)* | 50000 | 47622 |
| 4.45%, 01/15/29 *(a)* | 80000 | 80604 |
| 4.75%, 06/01/30 *(a)* | 60000 | 60886 |
| **AutoZone, Inc.** | **AutoZone, Inc.** | **AutoZone, Inc.** |
| 3.75%, 06/01/27 *(a)* | 100000 | 99802 |
| 4.50%, 02/01/28 *(a)* | 100000 | 101062 |
| 6.25%, 11/01/28 *(a)* | 100000 | 105683 |
| 5.10%, 07/15/29 *(a)* | 100000 | 103200 |
| 4.00%, 04/15/30 *(a)* | 100000 | 99601 |
| 5.13%, 06/15/30 *(a)* | 70000 | 72569 |
| 1.65%, 01/15/31 *(a)* | 70000 | 62090 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Best Buy Co., Inc.** | **Best Buy Co., Inc.** | **Best Buy Co., Inc.** |
| 4.45%, 10/01/28 *(a)* | 75000 | 75831 |
| 1.95%, 10/01/30 *(a)* | 80000 | 72350 |
| **Block Financial LLC** | **Block Financial LLC** | **Block Financial LLC** |
| 2.50%, 07/15/28 *(a)* | 75000 | 71501 |
| 3.88%, 08/15/30 *(a)* | 80000 | 76240 |
| **Booking Holdings, Inc.** | **Booking Holdings, Inc.** | **Booking Holdings, Inc.** |
| 3.55%, 03/15/28 *(a)* | 50000 | 49694 |
| **BorgWarner, Inc.** | **BorgWarner, Inc.** | **BorgWarner, Inc.** |
| 2.65%, 07/01/27 *(a)* | 200000 | 196508 |
| 4.95%, 08/15/29 *(a)* | 50000 | 51372 |
| **CBRE Services, Inc.** | **CBRE Services, Inc.** | **CBRE Services, Inc.** |
| 5.50%, 04/01/29 *(a)* | 75000 | 77912 |
| 4.80%, 06/15/30 *(a)* | 80000 | 81583 |
| **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** |
| 3.70%, 12/01/29 *(a)* | 50000 | 48902 |
| 3.70%, 01/15/31 *(a)* | 60000 | 57847 |
| **Costco Wholesale Corp.** | **Costco Wholesale Corp.** | **Costco Wholesale Corp.** |
| 3.00%, 05/18/27 *(a)* | 100000 | 99382 |
| 1.38%, 06/20/27 *(a)* | 250000 | 242982 |
| 1.60%, 04/20/30 *(a)* | 200000 | 183248 |
| **Cummins, Inc.** | **Cummins, Inc.** | **Cummins, Inc.** |
| 4.90%, 02/20/29 *(a)* | 100000 | 103191 |
| 1.50%, 09/01/30 *(a)* | 100000 | 90285 |
| 4.70%, 02/15/31 *(a)* | 100000 | 102928 |
| **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** |
| 3.85%, 05/01/27 *(a)* | 150000 | 149776 |
| 4.55%, 10/15/29 *(a)* | 50000 | 50713 |
| **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** |
| 4.00%, 10/01/29 *(a)(d)* | 50000 | 49500 |
| **Dollar General Corp.** | **Dollar General Corp.** | **Dollar General Corp.** |
| 4.13%, 05/01/28 *(a)* | 100000 | 100372 |
| 3.50%, 04/03/30 *(a)* | 150000 | 146010 |
| **Dollar Tree, Inc.** | **Dollar Tree, Inc.** | **Dollar Tree, Inc.** |
| 4.20%, 05/15/28 *(a)* | 200000 | 200740 |
| **DR Horton, Inc.** | **DR Horton, Inc.** | **DR Horton, Inc.** |
| 1.40%, 10/15/27 *(a)* | 70000 | 67403 |
| 4.85%, 10/15/30 *(a)* | 70000 | 72205 |
| **eBay, Inc.** | **eBay, Inc.** | **eBay, Inc.** |
| 3.60%, 06/05/27 *(a)* | 150000 | 149482 |
| 5.95%, 11/22/27 *(a)* | 50000 | 51637 |
| 4.25%, 03/06/29 *(a)* | 80000 | 80586 |
| 2.70%, 03/11/30 *(a)* | 100000 | 94822 |
| **Expedia Group, Inc.** | **Expedia Group, Inc.** | **Expedia Group, Inc.** |
| 4.63%, 08/01/27 *(a)* | 150000 | 151048 |
| 3.80%, 02/15/28 *(a)* | 150000 | 149302 |
| 3.25%, 02/15/30 *(a)* | 150000 | 143962 |
| **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** |
| 5.80%, 03/05/27 *(a)* | 200000 | 202726 |
| 5.85%, 05/17/27 *(a)* | 200000 | 203282 |
| 4.95%, 05/28/27 *(a)* | 250000 | 251840 |
| 4.13%, 08/17/27 *(a)* | 200000 | 199308 |
| 7.35%, 11/04/27 *(a)* | 250000 | 260965 |
| 5.92%, 03/20/28 *(a)* | 200000 | 205278 |
| 6.80%, 05/12/28 *(a)* | 250000 | 261525 |
| 6.80%, 11/07/28 *(a)* | 200000 | 210764 |
| 2.90%, 02/10/29 *(a)* | 200000 | 190364 |
| 5.80%, 03/08/29 *(a)* | 200000 | 206020 |
| 4.97%, 04/06/29 *(a)* | 210000 | 211409 |
| 5.11%, 05/03/29 *(a)* | 200000 | 201970 |
| 5.88%, 11/07/29 *(a)* | 200000 | 206872 |
| 7.35%, 03/06/30 *(a)* | 200000 | 216738 |
| 7.20%, 06/10/30 *(a)* | 200000 | 215928 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**113**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.73%, 09/05/30 *(a)* | 200000 | 205824 |
| 4.00%, 11/13/30 *(a)* | 200000 | 191758 |
| **General Motors Co.** | **General Motors Co.** | **General Motors Co.** |
| 6.80%, 10/01/27 *(a)* | 200000 | 207462 |
| 5.35%, 04/15/28 *(a)* | 100000 | 102516 |
| 5.00%, 10/01/28 *(a)* | 100000 | 102037 |
| 5.40%, 10/15/29 *(a)* | 100000 | 103997 |
| 5.63%, 04/15/30 *(a)* | 100000 | 104893 |
| **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** |
| 5.00%, 04/09/27 *(a)* | 200000 | 202078 |
| 5.40%, 05/08/27  | 175000 | 177768 |
| 5.35%, 07/15/27  | 150000 | 152593 |
| 2.70%, 08/20/27 *(a)* | 200000 | 196380 |
| 6.00%, 01/09/28 *(a)* | 150000 | 154942 |
| 5.05%, 04/04/28  | 150000 | 152980 |
| 2.40%, 04/10/28 *(a)* | 200000 | 193538 |
| 5.80%, 06/23/28 *(a)* | 200000 | 207274 |
| 2.40%, 10/15/28 *(a)* | 200000 | 191672 |
| 4.20%, 10/27/28  | 140000 | 140553 |
| 5.80%, 01/07/29 *(a)* | 250000 | 261170 |
| 4.30%, 04/06/29 *(a)* | 150000 | 150711 |
| 5.55%, 07/15/29 *(a)* | 250000 | 260340 |
| 4.90%, 10/06/29 *(a)* | 150000 | 153402 |
| 5.35%, 01/07/30 *(a)* | 200000 | 207616 |
| 5.85%, 04/06/30 *(a)* | 150000 | 158502 |
| 3.60%, 06/21/30 *(a)* | 130000 | 126350 |
| 5.45%, 07/15/30 *(a)* | 130000 | 135927 |
| 2.35%, 01/08/31 *(a)* | 130000 | 118390 |
| 4.60%, 01/08/31 *(a)* | 130000 | 131239 |
| 5.75%, 02/08/31 *(a)* | 150000 | 158436 |
| **Genuine Parts Co.** | **Genuine Parts Co.** | **Genuine Parts Co.** |
| 6.50%, 11/01/28 *(a)* | 75000 | 78753 |
| 4.95%, 08/15/29 *(a)* | 100000 | 101337 |
| 1.88%, 11/01/30 *(a)* | 60000 | 53016 |
| **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** |
| 5.75%, 06/01/28 *(a)* | 50000 | 51282 |
| 5.30%, 01/15/29 *(a)* | 100000 | 102141 |
| 4.00%, 01/15/30 *(a)* | 100000 | 97731 |
| 4.00%, 01/15/31 *(a)* | 90000 | 86754 |
| **Home Depot, Inc.** | **Home Depot, Inc.** | **Home Depot, Inc.** |
| 2.50%, 04/15/27 *(a)* | 200000 | 197544 |
| 4.88%, 06/25/27 *(a)* | 150000 | 152274 |
| 2.80%, 09/14/27 *(a)* | 200000 | 197646 |
| 0.90%, 03/15/28 *(a)* | 100000 | 94777 |
| 1.50%, 09/15/28 *(a)* | 150000 | 142335 |
| 3.75%, 09/15/28 *(a)* | 70000 | 70355 |
| 3.90%, 12/06/28 *(a)* | 150000 | 150825 |
| 2.95%, 06/15/29 *(a)* | 350000 | 340987 |
| 4.75%, 06/25/29 *(a)* | 200000 | 205954 |
| 2.70%, 04/15/30 *(a)* | 150000 | 143364 |
| 3.95%, 09/15/30 *(a)* | 70000 | 70303 |
| **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** |
| 2.53%, 03/10/27 *(a)* | 50000 | 49367 |
| 4.69%, 07/08/30 *(a)* | 170000 | 173420 |
| **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** |
| 5.05%, 03/30/28 *(a)* | 100000 | 102036 |
| 4.38%, 09/15/28 *(a)* | 100000 | 100593 |
| 5.25%, 06/30/29 *(a)* | 75000 | 77525 |
| 5.75%, 04/23/30 *(a)(g)* | 75000 | 78827 |
| **JD.com, Inc.** | **JD.com, Inc.** | **JD.com, Inc.** |
| 3.38%, 01/14/30 *(a)* | 200000 | 196416 |
| **Jones Lang LaSalle, Inc.** | **Jones Lang LaSalle, Inc.** | **Jones Lang LaSalle, Inc.** |
| 6.88%, 12/01/28 *(a)* | 75000 | 80233 |
| **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** |
| 5.90%, 06/01/27 *(a)* | 100000 | 101749 |
| 5.63%, 06/15/28 *(a)* | 150000 | 153718 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.90%, 08/08/29 *(a)* | 50000 | 48968 |
| 6.00%, 08/15/29 *(a)* | 50000 | 52337 |
| 6.00%, 06/14/30 *(a)* | 150000 | 157617 |
| **Lear Corp.** | **Lear Corp.** | **Lear Corp.** |
| 3.80%, 09/15/27 *(a)* | 150000 | 149703 |
| 3.50%, 05/30/30 *(a)* | 50000 | 48531 |
| **Lennar Corp.** | **Lennar Corp.** | **Lennar Corp.** |
| 5.00%, 06/15/27 *(a)* | 100000 | 100689 |
| 4.75%, 11/29/27 *(a)* | 150000 | 151354 |
| 5.20%, 07/30/30 *(a)* | 75000 | 77731 |
| **LKQ Corp.** | **LKQ Corp.** | **LKQ Corp.** |
| 5.75%, 06/15/28 *(a)* | 100000 | 102730 |
| **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** |
| 3.35%, 04/01/27 *(a)* | 100000 | 99454 |
| 3.10%, 05/03/27 *(a)* | 300000 | 297354 |
| 3.95%, 10/15/27  | 90000 | 90311 |
| 1.30%, 04/15/28 *(a)* | 200000 | 189708 |
| 1.70%, 09/15/28 *(a)* | 150000 | 142145 |
| 4.00%, 10/15/28 *(a)* | 100000 | 100308 |
| 6.50%, 03/15/29  | 100000 | 107436 |
| 3.65%, 04/05/29 *(a)* | 200000 | 198346 |
| 1.70%, 10/15/30 *(a)* | 300000 | 269781 |
| **Magna International, Inc.** | **Magna International, Inc.** | **Magna International, Inc.** |
| 5.05%, 03/14/29 *(a)* | 75000 | 77282 |
| 2.45%, 06/15/30 *(a)* | 90000 | 84374 |
| **Marriott International, Inc.** | **Marriott International, Inc.** | **Marriott International, Inc.** |
| 4.20%, 07/15/27  | 50000 | 50235 |
| 5.00%, 10/15/27 *(a)* | 150000 | 152446 |
| 4.00%, 04/15/28 *(a)* | 100000 | 100257 |
| 5.55%, 10/15/28 *(a)* | 100000 | 103845 |
| 4.88%, 05/15/29 *(a)* | 150000 | 153885 |
| 4.80%, 03/15/30 *(a)* | 100000 | 102687 |
| 4.63%, 06/15/30 *(a)* | 130000 | 132479 |
| **McDonald's Corp.** | **McDonald's Corp.** | **McDonald's Corp.** |
| 3.50%, 03/01/27 *(a)* | 200000 | 199386 |
| 3.80%, 04/01/28 *(a)* | 200000 | 200204 |
| 4.80%, 08/14/28 *(a)* | 200000 | 204676 |
| 2.63%, 09/01/29 *(a)* | 100000 | 96038 |
| 2.13%, 03/01/30 *(a)* | 100000 | 93388 |
| 4.60%, 05/15/30 *(a)* | 100000 | 102478 |
| 3.60%, 07/01/30 *(a)* | 130000 | 128584 |
| **MercadoLibre, Inc.** | **MercadoLibre, Inc.** | **MercadoLibre, Inc.** |
| 3.13%, 01/14/31 *(a)* | 200000 | 187076 |
| **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** |
| 8.50%, 01/18/31  | 250000 | 296992 |
| **NIKE, Inc.** | **NIKE, Inc.** | **NIKE, Inc.** |
| 2.75%, 03/27/27 *(a)* | 150000 | 148588 |
| 2.85%, 03/27/30 *(a)* | 200000 | 192452 |
| **NVR, Inc.** | **NVR, Inc.** | **NVR, Inc.** |
| 3.00%, 05/15/30 *(a)* | 100000 | 95677 |
| **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** |
| 3.60%, 09/01/27 *(a)* | 100000 | 99566 |
| 4.35%, 06/01/28 *(a)* | 100000 | 100924 |
| 3.90%, 06/01/29 *(a)* | 75000 | 74804 |
| 4.20%, 04/01/30 *(a)* | 75000 | 75321 |
| **PACCAR Financial Corp.** | **PACCAR Financial Corp.** | **PACCAR Financial Corp.** |
| 4.25%, 06/23/27  | 50000 | 50399 |
| 4.45%, 08/06/27  | 50000 | 50619 |
| 4.60%, 01/10/28  | 100000 | 101805 |
| 4.00%, 08/08/28  | 50000 | 50435 |
| 4.95%, 08/10/28  | 100000 | 102872 |
| 4.00%, 11/07/28  | 50000 | 50406 |
| 4.60%, 01/31/29  | 150000 | 153627 |
| **PVH Corp.** | **PVH Corp.** | **PVH Corp.** |
| 5.50%, 06/13/30 *(a)* | 70000 | 71884 |

---

*See financial notes*

**114**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ralph Lauren Corp.** | **Ralph Lauren Corp.** | **Ralph Lauren Corp.** |
| 2.95%, 06/15/30 *(a)* | 90000 | 86250 |
| **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** |
| 3.70%, 03/15/28 *(a)* | 100000 | 99418 |
| **Sands China Ltd.** | **Sands China Ltd.** | **Sands China Ltd.** |
| 2.30%, 03/08/27 *(a)(g)* | 200000 | 196398 |
| 5.40%, 08/08/28 *(a)(g)* | 300000 | 306432 |
| 4.38%, 06/18/30 *(a)(g)* | 200000 | 197982 |
| **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** |
| 3.85%, 01/15/30 *(a)* | 75000 | 73048 |
| 2.50%, 01/15/31 *(a)* | 40000 | 36105 |
| **Starbucks Corp.** | **Starbucks Corp.** | **Starbucks Corp.** |
| 2.00%, 03/12/27 *(a)* | 100000 | 98233 |
| 3.50%, 03/01/28 *(a)* | 100000 | 99369 |
| 4.50%, 05/15/28 *(a)* | 100000 | 101215 |
| 4.00%, 11/15/28 *(a)* | 150000 | 150450 |
| 3.55%, 08/15/29 *(a)* | 50000 | 49459 |
| 2.25%, 03/12/30 *(a)* | 100000 | 93344 |
| 4.80%, 05/15/30 *(a)* | 100000 | 103034 |
| 2.55%, 11/15/30 *(a)* | 160000 | 149640 |
| **Tapestry, Inc.** | **Tapestry, Inc.** | **Tapestry, Inc.** |
| 4.13%, 07/15/27 *(a)* | 75000 | 75034 |
| 5.10%, 03/11/30 *(a)* | 100000 | 103251 |
| **Target Corp.** | **Target Corp.** | **Target Corp.** |
| 4.35%, 06/15/28 *(a)* | 70000 | 70984 |
| 3.38%, 04/15/29 *(a)* | 200000 | 197846 |
| 2.65%, 09/15/30 *(a)* | 60000 | 56787 |
| **TJX Cos., Inc.** | **TJX Cos., Inc.** | **TJX Cos., Inc.** |
| 1.15%, 05/15/28 *(a)* | 100000 | 94565 |
| 3.88%, 04/15/30 *(a)* | 50000 | 50033 |
| **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** |
| 4.88%, 03/15/27 *(a)* | 100000 | 100613 |
| 3.80%, 11/01/29 *(a)* | 50000 | 49521 |
| **Toyota Motor Corp.** | **Toyota Motor Corp.** | **Toyota Motor Corp.** |
| 3.67%, 07/20/28  | 150000 | 150258 |
| 2.76%, 07/02/29  | 100000 | 96673 |
| 4.45%, 06/30/30 *(a)* | 200000 | 203964 |
| **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** |
| 5.00%, 03/19/27  | 150000 | 152046 |
| 3.05%, 03/22/27  | 300000 | 298101 |
| 4.55%, 09/20/27  | 200000 | 202678 |
| 4.35%, 10/08/27  | 100000 | 101041 |
| 5.45%, 11/10/27  | 150000 | 154426 |
| 3.05%, 01/11/28  | 100000 | 98922 |
| 3.75%, 01/12/28  | 100000 | 100202 |
| 4.63%, 01/12/28  | 200000 | 203518 |
| 4.05%, 09/05/28  | 110000 | 110943 |
| 5.25%, 09/11/28  | 200000 | 207268 |
| 4.65%, 01/05/29  | 150000 | 153615 |
| 3.65%, 01/08/29  | 100000 | 99851 |
| 5.05%, 05/16/29  | 150000 | 155475 |
| 4.45%, 06/29/29  | 150000 | 152890 |
| 4.55%, 08/09/29  | 100000 | 102256 |
| 4.95%, 01/09/30  | 100000 | 103718 |
| 3.38%, 04/01/30  | 100000 | 97822 |
| 4.80%, 05/15/30  | 100000 | 103251 |
| 5.55%, 11/20/30  | 160000 | 170467 |
| 1.65%, 01/10/31  | 70000 | 62711 |
| 4.20%, 01/10/31  | 100000 | 100760 |
| **Tractor Supply Co.** | **Tractor Supply Co.** | **Tractor Supply Co.** |
| 1.75%, 11/01/30 *(a)* | 80000 | 71702 |
| **Uber Technologies, Inc.** | **Uber Technologies, Inc.** | **Uber Technologies, Inc.** |
| 4.30%, 01/15/30 *(a)* | 200000 | 201248 |
| 4.15%, 01/15/31 *(a)* | 100000 | 99663 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **UL Solutions, Inc.** | **UL Solutions, Inc.** | **UL Solutions, Inc.** |
| 6.50%, 10/20/28 *(a)(d)* | 75000 | 79469 |
| **VICI Properties LP** | **VICI Properties LP** | **VICI Properties LP** |
| 4.75%, 02/15/28 *(a)* | 200000 | 201964 |
| 4.95%, 02/15/30 *(a)* | 150000 | 152568 |
| **Walmart, Inc.** | **Walmart, Inc.** | **Walmart, Inc.** |
| 3.95%, 09/09/27 *(a)* | 200000 | 201132 |
| 3.90%, 04/15/28 *(a)* | 250000 | 251560 |
| 3.70%, 06/26/28 *(a)* | 250000 | 250685 |
| 1.50%, 09/22/28 *(a)* | 200000 | 190164 |
| 2.38%, 09/24/29 *(a)* | 100000 | 95965 |
| 4.35%, 04/28/30 *(a)* | 200000 | 204352 |
|  |  | **35814497** |
| ***Consumer Non-Cyclical 3.1%***  | ***Consumer Non-Cyclical 3.1%***  | ***Consumer Non-Cyclical 3.1%***  |
| **Abbott Laboratories** | **Abbott Laboratories** | **Abbott Laboratories** |
| 3.70%, 03/09/29 *(a)(h)* | 300000 | 300129 |
| 1.40%, 06/30/30 *(a)* | 220000 | 198609 |
| **AbbVie, Inc.** | **AbbVie, Inc.** | **AbbVie, Inc.** |
| 4.80%, 03/15/27 *(a)* | 300000 | 302802 |
| 4.65%, 03/15/28 *(a)* | 200000 | 203532 |
| 4.25%, 11/14/28 *(a)* | 275000 | 278380 |
| 4.80%, 03/15/29 *(a)* | 400000 | 410968 |
| 3.20%, 11/21/29 *(a)* | 725000 | 708260 |
| 4.88%, 03/15/30 *(a)* | 100000 | 103418 |
| **Adventist Health System** | **Adventist Health System** | **Adventist Health System** |
| 4.74%, 12/01/30 *(a)* | 50000 | 50660 |
| **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** |
| 3.83%, 08/15/28 *(a)* | 75000 | 75154 |
| 2.21%, 06/15/30 *(a)* | 40000 | 37295 |
| **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** |
| 4.20%, 09/09/27 *(a)* | 100000 | 100465 |
| 2.75%, 09/15/29 *(a)* | 100000 | 95933 |
| 2.10%, 06/04/30 *(a)* | 60000 | 55340 |
| **Ahold Finance USA LLC** | **Ahold Finance USA LLC** | **Ahold Finance USA LLC** |
| 6.88%, 05/01/29  | 100000 | 108546 |
| **Altria Group, Inc.** | **Altria Group, Inc.** | **Altria Group, Inc.** |
| 6.20%, 11/01/28 *(a)* | 100000 | 105548 |
| 4.80%, 02/14/29 *(a)* | 300000 | 306618 |
| 3.40%, 05/06/30 *(a)* | 100000 | 97379 |
| 4.50%, 08/06/30 *(a)* | 70000 | 71185 |
| **Amgen, Inc.** | **Amgen, Inc.** | **Amgen, Inc.** |
| 3.20%, 11/02/27 *(a)* | 200000 | 198172 |
| 5.15%, 03/02/28 *(a)* | 500000 | 512170 |
| 1.65%, 08/15/28 *(a)* | 150000 | 142560 |
| 3.00%, 02/22/29 *(a)* | 100000 | 97614 |
| 4.05%, 08/18/29 *(a)* | 150000 | 150688 |
| 2.45%, 02/21/30 *(a)* | 200000 | 188666 |
| 5.25%, 03/02/30 *(a)* | 400000 | 417452 |
| 4.20%, 02/19/31 *(a)* | 125000 | 125406 |
| 2.30%, 02/25/31 *(a)* | 150000 | 137873 |
| **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** |
| 4.75%, 01/23/29 *(a)* | 400000 | 409552 |
| 3.50%, 06/01/30 *(a)* | 220000 | 216863 |
| 4.90%, 01/23/31 *(a)* | 110000 | 114630 |
| **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** |
| 3.25%, 03/27/30 *(a)* | 100000 | 97390 |
| **Ascension Health** | **Ascension Health** | **Ascension Health** |
| 4.08%, 11/15/28 *(a)* | 70000 | 70515 |
| 2.53%, 11/15/29 *(a)* | 100000 | 95492 |
| 4.29%, 11/15/30 *(a)* | 110000 | 111194 |
| **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** |
| 4.88%, 03/03/28 *(a)* | 200000 | 204466 |
| 1.75%, 05/28/28 *(a)* | 200000 | 191556 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**115**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.85%, 02/26/29 *(a)* | 200000 | 206036 |
| 4.90%, 03/03/30 *(a)* | 100000 | 103642 |
| 4.90%, 02/26/31 *(a)* | 150000 | 156018 |
| **AstraZeneca PLC** | **AstraZeneca PLC** | **AstraZeneca PLC** |
| 3.13%, 06/12/27 *(a)* | 100000 | 99428 |
| 1.38%, 08/06/30 *(a)* | 300000 | 269199 |
| **Banner Health** | **Banner Health** | **Banner Health** |
| 1.90%, 01/01/31 *(a)* | 40000 | 36308 |
| **BAT Capital Corp.** | **BAT Capital Corp.** | **BAT Capital Corp.** |
| 4.70%, 04/02/27 *(a)* | 100000 | 100698 |
| 3.56%, 08/15/27 *(a)* | 300000 | 298491 |
| 2.26%, 03/25/28 *(a)* | 150000 | 145122 |
| 3.46%, 09/06/29 *(a)* | 100000 | 98158 |
| 4.91%, 04/02/30 *(a)* | 150000 | 154129 |
| 6.34%, 08/02/30 *(a)* | 165000 | 179419 |
| 5.83%, 02/20/31 *(a)* | 125000 | 133691 |
| **BAT International Finance PLC** | **BAT International Finance PLC** | **BAT International Finance PLC** |
| 4.45%, 03/16/28 *(a)* | 200000 | 201918 |
| 5.93%, 02/02/29 *(a)* | 100000 | 105290 |
| **Baxter International, Inc.** | **Baxter International, Inc.** | **Baxter International, Inc.** |
| 2.27%, 12/01/28 *(a)* | 150000 | 141881 |
| 4.45%, 02/15/29 *(a)* | 40000 | 40197 |
| 3.95%, 04/01/30 *(a)* | 75000 | 73386 |
| 4.90%, 12/15/30 *(a)* | 100000 | 100653 |
| **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** |
| 1.78%, 11/15/30 *(a)* | 40000 | 36331 |
| **Becton Dickinson & Co.** | **Becton Dickinson & Co.** | **Becton Dickinson & Co.** |
| 3.70%, 06/06/27 *(a)* | 250000 | 249222 |
| 4.69%, 02/13/28 *(a)* | 150000 | 151978 |
| 4.87%, 02/08/29 *(a)* | 100000 | 102461 |
| 2.82%, 05/20/30 *(a)* | 100000 | 95150 |
| 1.96%, 02/11/31 *(a)* | 100000 | 89954 |
| **Biogen, Inc.** | **Biogen, Inc.** | **Biogen, Inc.** |
| 2.25%, 05/01/30 *(a)* | 200000 | 185624 |
| 5.05%, 01/15/31 *(a)* | 60000 | 62269 |
| **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** |
| 3.46%, 06/01/30 *(a)* | 50000 | 49213 |
| **Boston Scientific Corp.** | **Boston Scientific Corp.** | **Boston Scientific Corp.** |
| 4.00%, 03/01/28 *(a)* | 75000 | 75334 |
| 2.65%, 06/01/30 *(a)* | 140000 | 132504 |
| **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** |
| 1.13%, 11/13/27 *(a)* | 175000 | 167954 |
| 3.45%, 11/15/27 *(a)* | 100000 | 99807 |
| 3.90%, 02/20/28 *(a)* | 75000 | 75344 |
| 4.90%, 02/22/29 *(a)* | 100000 | 103301 |
| 3.40%, 07/26/29 *(a)* | 200000 | 197148 |
| 1.45%, 11/13/30 *(a)* | 150000 | 134058 |
| 5.75%, 02/01/31 *(a)* | 150000 | 161166 |
| 5.10%, 02/22/31 *(a)* | 175000 | 183017 |
| **Brunswick Corp.** | **Brunswick Corp.** | **Brunswick Corp.** |
| 5.85%, 03/18/29 *(a)* | 125000 | 130020 |
| **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** |
| 4.90%, 04/21/27 *(a)* | 60000 | 60650 |
| 3.75%, 09/25/27 *(a)* | 75000 | 74858 |
| 4.10%, 01/07/28 *(a)* | 100000 | 100517 |
| 4.20%, 09/17/29 *(a)* | 100000 | 100667 |
| 4.55%, 08/04/30 *(a)* | 90000 | 91485 |
| **Campbell's Co.** | **Campbell's Co.** | **Campbell's Co.** |
| 5.20%, 03/19/27  | 100000 | 101322 |
| 4.15%, 03/15/28 *(a)* | 150000 | 150457 |
| 5.20%, 03/21/29 *(a)* | 100000 | 102873 |
| 2.38%, 04/24/30 *(a)* | 50000 | 46319 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cardinal Health, Inc.** | **Cardinal Health, Inc.** | **Cardinal Health, Inc.** |
| 3.41%, 06/15/27 *(a)* | 175000 | 173943 |
| 5.13%, 02/15/29 *(a)* | 100000 | 103163 |
| 5.00%, 11/15/29 *(a)* | 100000 | 103108 |
| 4.50%, 09/15/30 *(a)* | 80000 | 81147 |
| **Cencora, Inc.** | **Cencora, Inc.** | **Cencora, Inc.** |
| 3.45%, 12/15/27 *(a)* | 150000 | 148932 |
| 4.85%, 12/15/29 *(a)* | 100000 | 102906 |
| 2.80%, 05/15/30 *(a)* | 75000 | 71281 |
| 4.25%, 11/15/30 *(a)* | 75000 | 75300 |
| **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** |
| 3.15%, 08/01/27 *(a)* | 75000 | 74356 |
| **Cigna Group** | **Cigna Group** | **Cigna Group** |
| 3.40%, 03/01/27 *(a)* | 250000 | 248927 |
| 4.38%, 10/15/28 *(a)* | 500000 | 505040 |
| 5.00%, 05/15/29 *(a)* | 150000 | 154554 |
| 2.40%, 03/15/30 *(a)* | 200000 | 188004 |
| 4.50%, 09/15/30 *(a)* | 130000 | 131827 |
| **Clorox Co.** | **Clorox Co.** | **Clorox Co.** |
| 3.10%, 10/01/27 *(a)* | 75000 | 74179 |
| 3.90%, 05/15/28 *(a)* | 100000 | 100096 |
| 1.80%, 05/15/30 *(a)* | 100000 | 91083 |
| **Coca-Cola Co.** | **Coca-Cola Co.** | **Coca-Cola Co.** |
| 3.38%, 03/25/27  | 250000 | 249660 |
| 1.45%, 06/01/27  | 300000 | 292281 |
| 1.50%, 03/05/28  | 100000 | 96125 |
| 1.00%, 03/15/28  | 100000 | 95112 |
| 2.13%, 09/06/29  | 100000 | 95001 |
| 3.45%, 03/25/30  | 200000 | 197776 |
| 1.65%, 06/01/30  | 170000 | 155810 |
| **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** |
| 5.25%, 06/01/29 *(a)* | 100000 | 103799 |
| **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** |
| 2.75%, 01/22/30 *(a)* | 150000 | 143379 |
| **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** |
| 3.10%, 08/15/27 *(a)* | 150000 | 149064 |
| 4.60%, 03/01/28 *(a)* | 100000 | 101811 |
| **CommonSpirit Health** | **CommonSpirit Health** | **CommonSpirit Health** |
| 3.35%, 10/01/29 *(a)* | 200000 | 194926 |
| 4.35%, 09/01/30 *(a)* | 100000 | 100537 |
| 2.78%, 10/01/30 *(a)* | 70000 | 65881 |
| **Conagra Brands, Inc.** | **Conagra Brands, Inc.** | **Conagra Brands, Inc.** |
| 1.38%, 11/01/27 *(a)* | 150000 | 143601 |
| 7.00%, 10/01/28  | 100000 | 106986 |
| 4.85%, 11/01/28 *(a)* | 200000 | 202848 |
| 5.00%, 08/01/30 *(a)* | 70000 | 71431 |
| 8.25%, 09/15/30  | 50000 | 57538 |
| **Constellation Brands, Inc.** | **Constellation Brands, Inc.** | **Constellation Brands, Inc.** |
| 3.50%, 05/09/27 *(a)* | 100000 | 99519 |
| 4.35%, 05/09/27 *(a)* | 50000 | 50238 |
| 4.65%, 11/15/28 *(a)* | 75000 | 76185 |
| 4.80%, 01/15/29 *(a)* | 75000 | 76589 |
| 3.15%, 08/01/29 *(a)* | 50000 | 48614 |
| 2.88%, 05/01/30 *(a)* | 150000 | 142623 |
| 4.80%, 05/01/30 *(a)* | 100000 | 102556 |
| **CVS Health Corp.** | **CVS Health Corp.** | **CVS Health Corp.** |
| 3.63%, 04/01/27 *(a)* | 50000 | 49841 |
| 6.25%, 06/01/27  | 75000 | 77107 |
| 1.30%, 08/21/27 *(a)* | 200000 | 192588 |
| 4.30%, 03/25/28 *(a)* | 700000 | 704137 |
| 5.00%, 01/30/29 *(a)* | 200000 | 205246 |
| 5.40%, 06/01/29 *(a)* | 200000 | 207954 |
| 3.25%, 08/15/29 *(a)* | 250000 | 243150 |
| 5.13%, 02/21/30 *(a)* | 200000 | 206358 |
| 3.75%, 04/01/30 *(a)* | 175000 | 172268 |

---

*See financial notes*

**116**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.75%, 08/21/30 *(a)* | 265000 | 238288 |
| 5.25%, 01/30/31 *(a)* | 110000 | 114618 |
| 1.88%, 02/28/31 *(a)* | 150000 | 133712 |
| **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** |
| 3.25%, 06/01/30 *(a)* | 90000 | 84492 |
| **DH Europe Finance II SARL** | **DH Europe Finance II SARL** | **DH Europe Finance II SARL** |
| 2.60%, 11/15/29 *(a)* | 100000 | 95401 |
| **Diageo Capital PLC** | **Diageo Capital PLC** | **Diageo Capital PLC** |
| 5.30%, 10/24/27 *(a)* | 200000 | 204750 |
| 2.38%, 10/24/29 *(a)* | 200000 | 189520 |
| 2.00%, 04/29/30 *(a)* | 200000 | 184418 |
| **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** |
| 4.30%, 06/15/28 *(a)* | 100000 | 100643 |
| **Eli Lilly & Co.** | **Eli Lilly & Co.** | **Eli Lilly & Co.** |
| 5.50%, 03/15/27  | 75000 | 76470 |
| 3.10%, 05/15/27 *(a)* | 100000 | 99420 |
| 4.15%, 08/14/27 *(a)* | 100000 | 100752 |
| 4.00%, 10/15/28 *(a)* | 130000 | 131175 |
| 4.50%, 02/09/29 *(a)* | 300000 | 306822 |
| 4.20%, 08/14/29 *(a)* | 150000 | 152061 |
| 4.75%, 02/12/30 *(a)* | 200000 | 206726 |
| **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** |
| 4.38%, 05/15/28 *(a)* | 125000 | 126450 |
| 2.38%, 12/01/29 *(a)* | 100000 | 94405 |
| 2.60%, 04/15/30 *(a)* | 75000 | 71114 |
| **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** |
| 5.65%, 11/15/27 *(a)* | 250000 | 256960 |
| 4.15%, 12/15/28 *(a)* | 100000 | 100496 |
| 4.80%, 08/14/29 *(a)* | 200000 | 205048 |
| 5.86%, 03/15/30 *(a)* | 100000 | 106272 |
| 4.80%, 01/15/31 *(a)* | 90000 | 92223 |
| **General Mills, Inc.** | **General Mills, Inc.** | **General Mills, Inc.** |
| 4.20%, 04/17/28 *(a)* | 200000 | 200776 |
| 5.50%, 10/17/28 *(a)* | 100000 | 103739 |
| 4.88%, 01/30/30 *(a)* | 100000 | 102638 |
| 2.88%, 04/15/30 *(a)* | 100000 | 95089 |
| **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** |
| 2.95%, 03/01/27 *(a)* | 300000 | 297852 |
| 4.80%, 11/15/29 *(a)* | 100000 | 103081 |
| 1.65%, 10/01/30 *(a)* | 170000 | 153760 |
| **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** |
| 4.32%, 03/12/27  | 100000 | 100681 |
| 3.38%, 06/01/29 *(a)* | 100000 | 98669 |
| **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** |
| 3.88%, 05/15/28  | 200000 | 200922 |
| 4.50%, 04/15/30 *(a)* | 150000 | 153547 |
| **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** |
| 3.38%, 03/24/27 *(a)* | 250000 | 248835 |
| **Hasbro, Inc.** | **Hasbro, Inc.** | **Hasbro, Inc.** |
| 3.50%, 09/15/27 *(a)* | 100000 | 99344 |
| 3.90%, 11/19/29 *(a)* | 100000 | 99160 |
| **HCA, Inc.** | **HCA, Inc.** | **HCA, Inc.** |
| 3.13%, 03/15/27 *(a)* | 150000 | 148774 |
| 5.20%, 06/01/28 *(a)* | 150000 | 153727 |
| 5.63%, 09/01/28 *(a)* | 200000 | 206276 |
| 5.88%, 02/01/29 *(a)* | 150000 | 156310 |
| 3.38%, 03/15/29 *(a)* | 100000 | 98232 |
| 4.13%, 06/15/29 *(a)* | 250000 | 250380 |
| 5.25%, 03/01/30 *(a)* | 100000 | 103773 |
| 3.50%, 09/01/30 *(a)* | 440000 | 426386 |
| 4.30%, 11/15/30 *(a)* | 70000 | 70128 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Hershey Co.** | **Hershey Co.** | **Hershey Co.** |
| 2.45%, 11/15/29 *(a)* | 150000 | 142745 |
| 4.75%, 02/24/30 *(a)* | 75000 | 77435 |
| 1.70%, 06/01/30 *(a)* | 40000 | 36546 |
| **Hormel Foods Corp.** | **Hormel Foods Corp.** | **Hormel Foods Corp.** |
| 4.80%, 03/30/27 *(a)* | 75000 | 75780 |
| 1.70%, 06/03/28 *(a)* | 100000 | 95552 |
| 1.80%, 06/11/30 *(a)* | 120000 | 109546 |
| **Icon Investments Six DAC** | **Icon Investments Six DAC** | **Icon Investments Six DAC** |
| 5.85%, 05/08/29 *(a)* | 200000 | 204858 |
| **Illumina, Inc.** | **Illumina, Inc.** | **Illumina, Inc.** |
| 5.75%, 12/13/27 *(a)* | 100000 | 102922 |
| 4.75%, 12/12/30 *(a)* | 75000 | 76154 |
| **Ingredion, Inc.** | **Ingredion, Inc.** | **Ingredion, Inc.** |
| 2.90%, 06/01/30 *(a)* | 70000 | 66849 |
| **IQVIA, Inc.** | **IQVIA, Inc.** | **IQVIA, Inc.** |
| 5.70%, 05/15/28 *(a)* | 200000 | 205912 |
| 6.25%, 02/01/29 *(a)* | 150000 | 157705 |
| **J.M. Smucker Co.** | **J.M. Smucker Co.** | **J.M. Smucker Co.** |
| 3.38%, 12/15/27 *(a)* | 100000 | 99161 |
| 5.90%, 11/15/28 *(a)* | 100000 | 104865 |
| 2.38%, 03/15/30 *(a)* | 100000 | 93705 |
| **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** |
| 3.00%, 02/02/29 *(a)* | 200000 | 194302 |
| **Johnson & Johnson** | **Johnson & Johnson** | **Johnson & Johnson** |
| 2.95%, 03/03/27 *(a)* | 100000 | 99453 |
| 0.95%, 09/01/27 *(a)* | 200000 | 192622 |
| 2.90%, 01/15/28 *(a)* | 275000 | 272233 |
| 4.55%, 03/01/28 *(a)* | 100000 | 101890 |
| 4.80%, 06/01/29 *(a)* | 150000 | 155320 |
| 6.95%, 09/01/29  | 100000 | 110760 |
| 4.70%, 03/01/30 *(a)* | 175000 | 181454 |
| 1.30%, 09/01/30 *(a)* | 250000 | 225760 |
| **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** |
| 3.15%, 05/01/27 *(a)* | 150000 | 149172 |
| **Kellanova** | **Kellanova** | **Kellanova** |
| 3.40%, 11/15/27 *(a)* | 75000 | 74587 |
| 4.30%, 05/15/28 *(a)* | 100000 | 100947 |
| 2.10%, 06/01/30 *(a)* | 60000 | 55639 |
| **Kenvue, Inc.** | **Kenvue, Inc.** | **Kenvue, Inc.** |
| 5.05%, 03/22/28 *(a)* | 150000 | 153582 |
| 5.00%, 03/22/30 *(a)* | 100000 | 103669 |
| **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** |
| 5.10%, 03/15/27 *(a)* | 125000 | 126351 |
| 3.43%, 06/15/27 *(a)* | 150000 | 148920 |
| 4.60%, 05/25/28 *(a)* | 100000 | 101017 |
| 5.05%, 03/15/29 *(a)* | 125000 | 128156 |
| 3.95%, 04/15/29 *(a)* | 150000 | 149125 |
| 3.20%, 05/01/30 *(a)* | 100000 | 95790 |
| 4.60%, 05/15/30 *(a)* | 100000 | 101021 |
| **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** |
| 1.05%, 09/15/27 *(a)* | 75000 | 72170 |
| 3.95%, 11/01/28 *(a)* | 75000 | 75399 |
| 3.20%, 04/25/29 *(a)* | 100000 | 98353 |
| 3.10%, 03/26/30 *(a)* | 100000 | 96989 |
| **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** |
| 3.88%, 05/15/27 *(a)* | 250000 | 249582 |
| 3.75%, 04/01/30 *(a)* | 100000 | 98511 |
| **Kroger Co.** | **Kroger Co.** | **Kroger Co.** |
| 4.50%, 01/15/29 *(a)* | 150000 | 152586 |
| 2.20%, 05/01/30 *(a)* | 100000 | 93143 |
| 1.70%, 01/15/31 *(a)* | 50000 | 44545 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**117**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** |
| 2.95%, 12/01/29 *(a)* | 100000 | 96212 |
| 4.35%, 04/01/30 *(a)* | 75000 | 75644 |
| **Mattel, Inc.** | **Mattel, Inc.** | **Mattel, Inc.** |
| 5.00%, 11/17/30 *(a)* | 80000 | 81200 |
| **McCormick & Co., Inc.** | **McCormick & Co., Inc.** | **McCormick & Co., Inc.** |
| 3.40%, 08/15/27 *(a)* | 100000 | 99531 |
| 2.50%, 04/15/30 *(a)* | 75000 | 70413 |
| 1.85%, 02/15/31 *(a)* | 75000 | 67054 |
| **McKesson Corp.** | **McKesson Corp.** | **McKesson Corp.** |
| 4.90%, 07/15/28 *(a)* | 100000 | 102555 |
| 4.25%, 09/15/29 *(a)* | 100000 | 101060 |
| 4.65%, 05/30/30 *(a)* | 75000 | 76793 |
| **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** |
| 4.25%, 03/30/28 *(a)* | 150000 | 151468 |
| **Merck & Co., Inc.** | **Merck & Co., Inc.** | **Merck & Co., Inc.** |
| 1.70%, 06/10/27 *(a)* | 150000 | 146568 |
| 3.85%, 09/15/27  | 100000 | 100486 |
| 4.05%, 05/17/28 *(a)* | 150000 | 151227 |
| 1.90%, 12/10/28 *(a)* | 150000 | 143203 |
| 3.40%, 03/07/29 *(a)* | 250000 | 247715 |
| 3.85%, 03/15/29 *(a)* | 100000 | 100406 |
| 4.30%, 05/17/30 *(a)* | 100000 | 101611 |
| 1.45%, 06/24/30 *(a)* | 140000 | 126788 |
| 4.15%, 09/15/30 *(a)* | 100000 | 101103 |
| **Mondelez International, Inc.** | **Mondelez International, Inc.** | **Mondelez International, Inc.** |
| 2.63%, 03/17/27 *(a)* | 150000 | 148168 |
| 4.25%, 05/06/28 *(a)* | 100000 | 100738 |
| 4.13%, 05/07/28 *(a)* | 100000 | 100362 |
| 2.75%, 04/13/30 *(a)* | 100000 | 94909 |
| 4.50%, 05/06/30 *(a)* | 100000 | 101550 |
| 1.50%, 02/04/31 *(a)* | 75000 | 66101 |
| **Mylan, Inc.** | **Mylan, Inc.** | **Mylan, Inc.** |
| 4.55%, 04/15/28 *(a)* | 150000 | 150739 |
| **Novartis Capital Corp.** | **Novartis Capital Corp.** | **Novartis Capital Corp.** |
| 3.10%, 05/17/27 *(a)* | 200000 | 198900 |
| 3.90%, 11/05/28 *(a)* | 100000 | 100474 |
| 3.80%, 09/18/29 *(a)* | 100000 | 100078 |
| 2.20%, 08/14/30 *(a)* | 180000 | 167920 |
| 4.10%, 11/05/30 *(a)* | 240000 | 241534 |
| **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** |
| 4.34%, 11/15/28 *(a)* | 50000 | 50421 |
| **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** |
| 4.55%, 02/16/29 *(a)* | 325000 | 332192 |
| **PepsiCo, Inc.** | **PepsiCo, Inc.** | **PepsiCo, Inc.** |
| 2.63%, 03/19/27 *(a)* | 100000 | 98911 |
| 3.00%, 10/15/27 *(a)* | 300000 | 297582 |
| 4.10%, 01/15/29 *(a)* | 100000 | 101077 |
| 7.00%, 03/01/29  | 100000 | 109287 |
| 4.50%, 07/17/29 *(a)* | 100000 | 102370 |
| 2.63%, 07/29/29 *(a)* | 150000 | 144652 |
| 4.60%, 02/07/30 *(a)* | 100000 | 102846 |
| 2.75%, 03/19/30 *(a)* | 200000 | 191840 |
| 1.63%, 05/01/30 *(a)* | 100000 | 91507 |
| 4.30%, 07/23/30 *(a)* | 90000 | 91825 |
| 1.40%, 02/25/31 *(a)* | 100000 | 88941 |
| **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** |
| 4.45%, 05/19/28 *(a)* | 700000 | 710178 |
| 4.65%, 05/19/30 *(a)* | 400000 | 410080 |
| **Pfizer, Inc.** | **Pfizer, Inc.** | **Pfizer, Inc.** |
| 3.88%, 11/15/27  | 140000 | 140682 |
| 3.60%, 09/15/28 *(a)* | 100000 | 99986 |
| 3.45%, 03/15/29 *(a)* | 200000 | 198604 |
| 2.63%, 04/01/30 *(a)* | 150000 | 142749 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 1.70%, 05/28/30 *(a)* | 100000 | 91533 |
| 4.20%, 11/15/30 *(a)* | 140000 | 141434 |
| **Pharmacia LLC** | **Pharmacia LLC** | **Pharmacia LLC** |
| 6.60%, 12/01/28  | 150000 | 160816 |
| **Philip Morris International, Inc.** | **Philip Morris International, Inc.** | **Philip Morris International, Inc.** |
| 5.13%, 11/17/27 *(a)* | 300000 | 306243 |
| 4.88%, 02/15/28 *(a)* | 300000 | 305895 |
| 3.13%, 03/02/28 *(a)* | 75000 | 73990 |
| 4.13%, 04/28/28  | 100000 | 100720 |
| 5.25%, 09/07/28 *(a)* | 100000 | 103439 |
| 3.88%, 10/27/28 *(a)* | 100000 | 100197 |
| 4.88%, 02/13/29 *(a)* | 150000 | 154230 |
| 3.38%, 08/15/29 *(a)* | 50000 | 49149 |
| 4.63%, 11/01/29 *(a)* | 125000 | 127998 |
| 5.63%, 11/17/29 *(a)* | 200000 | 211326 |
| 5.13%, 02/15/30 *(a)* | 300000 | 311760 |
| 4.38%, 04/30/30 *(a)* | 100000 | 101321 |
| 2.10%, 05/01/30 *(a)* | 150000 | 138861 |
| 5.50%, 09/07/30 *(a)* | 100000 | 105726 |
| 4.00%, 10/29/30 *(a)* | 100000 | 99822 |
| 1.75%, 11/01/30 *(a)* | 90000 | 81138 |
| 5.13%, 02/13/31 *(a)* | 150000 | 156579 |
| **Polaris, Inc.** | **Polaris, Inc.** | **Polaris, Inc.** |
| 6.95%, 03/15/29 *(a)* | 100000 | 106071 |
| **Procter & Gamble Co.** | **Procter & Gamble Co.** | **Procter & Gamble Co.** |
| 2.80%, 03/25/27  | 150000 | 148695 |
| 3.95%, 01/26/28  | 150000 | 151269 |
| 3.00%, 03/25/30  | 200000 | 194554 |
| 4.05%, 05/01/30  | 200000 | 202524 |
| 1.20%, 10/29/30  | 150000 | 133554 |
| **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** |
| 2.53%, 10/01/29 *(a)* | 75000 | 71159 |
| **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** |
| 4.60%, 12/15/27 *(a)* | 50000 | 50629 |
| 4.20%, 06/30/29 *(a)* | 100000 | 100754 |
| 4.63%, 12/15/29 *(a)* | 100000 | 102174 |
| 2.95%, 06/30/30 *(a)* | 100000 | 95391 |
| **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** |
| 1.75%, 09/15/30 *(a)* | 150000 | 135264 |
| **Revvity, Inc.** | **Revvity, Inc.** | **Revvity, Inc.** |
| 1.90%, 09/15/28 *(a)* | 75000 | 71066 |
| 3.30%, 09/15/29 *(a)* | 100000 | 97021 |
| **Royalty Pharma PLC** | **Royalty Pharma PLC** | **Royalty Pharma PLC** |
| 1.75%, 09/02/27 *(a)* | 150000 | 145188 |
| 5.15%, 09/02/29 *(a)* | 100000 | 103373 |
| 2.20%, 09/02/30 *(a)* | 120000 | 110192 |
| **Sanofi SA** | **Sanofi SA** | **Sanofi SA** |
| 3.75%, 11/03/27  | 50000 | 50131 |
| 3.63%, 06/19/28 *(a)* | 100000 | 99942 |
| 3.80%, 11/03/28 *(a)* | 50000 | 50078 |
| **Smith & Nephew PLC** | **Smith & Nephew PLC** | **Smith & Nephew PLC** |
| 2.03%, 10/14/30 *(a)* | 120000 | 108947 |
| **Solventum Corp.** | **Solventum Corp.** | **Solventum Corp.** |
| 5.40%, 03/01/29 *(a)* | 250000 | 259360 |
| **SSM Health Care Corp.** | **SSM Health Care Corp.** | **SSM Health Care Corp.** |
| 4.89%, 06/01/28 *(a)* | 100000 | 101753 |
| **Stryker Corp.** | **Stryker Corp.** | **Stryker Corp.** |
| 4.70%, 02/10/28 *(a)* | 75000 | 76152 |
| 3.65%, 03/07/28 *(a)* | 75000 | 74790 |
| 4.85%, 12/08/28 *(a)* | 100000 | 102639 |
| 4.25%, 09/11/29 *(a)* | 100000 | 101132 |
| 4.85%, 02/10/30 *(a)* | 200000 | 206240 |
| 1.95%, 06/15/30 *(a)* | 120000 | 110208 |

---

*See financial notes*

**118**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Sutter Health** | **Sutter Health** | **Sutter Health** |
| 3.70%, 08/15/28 *(a)* | 75000 | 74728 |
| 2.29%, 08/15/30 *(a)* | 75000 | 69683 |
| **Sysco Corp.** | **Sysco Corp.** | **Sysco Corp.** |
| 3.25%, 07/15/27 *(a)* | 100000 | 99251 |
| 5.75%, 01/17/29 *(a)* | 75000 | 78665 |
| 5.95%, 04/01/30 *(a)* | 150000 | 159703 |
| 5.10%, 09/23/30 *(a)* | 90000 | 93441 |
| **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** |
| 5.00%, 11/26/28 *(a)* | 200000 | 204870 |
| 2.05%, 03/31/30 *(a)* | 400000 | 369316 |
| **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** |
| 5.00%, 01/31/29 *(a)* | 300000 | 309960 |
| 2.60%, 10/01/29 *(a)* | 100000 | 95786 |
| 4.98%, 08/10/30 *(a)* | 200000 | 207964 |
| **Toledo Hospital** | **Toledo Hospital** | **Toledo Hospital** |
| 5.33%, 11/15/28  | 50000 | 50965 |
| **Tyson Foods, Inc.** | **Tyson Foods, Inc.** | **Tyson Foods, Inc.** |
| 3.55%, 06/02/27 *(a)* | 200000 | 199110 |
| 4.35%, 03/01/29 *(a)* | 150000 | 151344 |
| 5.40%, 03/15/29 *(a)* | 100000 | 103723 |
| **Unilever Capital Corp.** | **Unilever Capital Corp.** | **Unilever Capital Corp.** |
| 2.90%, 05/05/27 *(a)* | 200000 | 198462 |
| 4.25%, 08/12/27 *(a)* | 100000 | 100861 |
| 3.50%, 03/22/28 *(a)* | 150000 | 149599 |
| 4.88%, 09/08/28 *(a)* | 100000 | 102810 |
| 2.13%, 09/06/29 *(a)* | 100000 | 94791 |
| 1.38%, 09/14/30 *(a)* | 100000 | 90306 |
| **Universal Health Services, Inc.** | **Universal Health Services, Inc.** | **Universal Health Services, Inc.** |
| 4.63%, 10/15/29 *(a)* | 75000 | 75881 |
| 2.65%, 10/15/30 *(a)* | 100000 | 91920 |
| **Viatris, Inc.** | **Viatris, Inc.** | **Viatris, Inc.** |
| 2.30%, 06/22/27 *(a)* | 125000 | 121950 |
| 2.70%, 06/22/30 *(a)* | 170000 | 157039 |
| **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** |
| 5.35%, 12/01/28 *(a)* | 75000 | 77671 |
| 5.05%, 02/19/30 *(a)* | 75000 | 77594 |
| **Zoetis, Inc.** | **Zoetis, Inc.** | **Zoetis, Inc.** |
| 3.00%, 09/12/27 *(a)* | 150000 | 148314 |
| 4.15%, 08/17/28 *(a)* | 110000 | 110853 |
| 3.90%, 08/20/28 *(a)* | 75000 | 75104 |
| 2.00%, 05/15/30 *(a)* | 75000 | 69255 |
|  |  | **51062216** |
| ***Energy 1.5%***  | ***Energy 1.5%***  | ***Energy 1.5%***  |
| **APA Corp.** | **APA Corp.** | **APA Corp.** |
| 4.25%, 01/15/30 *(a)* | 125000 | 124200 |
| **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** |
| 3.34%, 12/15/27 *(a)* | 200000 | 198394 |
| 3.14%, 11/07/29 *(a)* | 75000 | 73119 |
| **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** |
| 4.45%, 07/15/27 *(a)* | 150000 | 150687 |
| 3.40%, 02/15/31 *(a)* | 50000 | 47798 |
| **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** |
| 3.59%, 04/14/27 *(a)* | 100000 | 99888 |
| 5.02%, 11/17/27 *(a)* | 150000 | 153078 |
| 3.94%, 09/21/28 *(a)* | 100000 | 100391 |
| 4.23%, 11/06/28 *(a)* | 400000 | 404256 |
| 4.70%, 04/10/29 *(a)* | 150000 | 153751 |
| 4.97%, 10/17/29 *(a)* | 100000 | 103576 |
| 4.87%, 11/25/29 *(a)* | 100000 | 103279 |
| 3.63%, 04/06/30 *(a)* | 200000 | 197944 |
| 1.75%, 08/10/30 *(a)* | 120000 | 109162 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **BP Capital Markets PLC** | **BP Capital Markets PLC** | **BP Capital Markets PLC** |
| 3.28%, 09/19/27 *(a)* | 200000 | 198886 |
| 3.72%, 11/28/28 *(a)* | 100000 | 99843 |
| **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** |
| 3.85%, 06/01/27 *(a)* | 200000 | 199830 |
| 5.00%, 12/15/29 *(a)* | 100000 | 103131 |
| 2.95%, 07/15/30 *(a)* | 60000 | 57352 |
| **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** |
| 5.13%, 06/30/27 *(a)* | 250000 | 252472 |
| 3.70%, 11/15/29 *(a)* | 150000 | 147939 |
| **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** |
| 4.50%, 10/01/29 *(a)* | 100000 | 100554 |
| **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** |
| 4.63%, 10/15/28 *(a)* | 250000 | 249935 |
| **Chevron Corp.** | **Chevron Corp.** | **Chevron Corp.** |
| 2.00%, 05/11/27 *(a)* | 200000 | 196310 |
| 2.24%, 05/11/30 *(a)* | 250000 | 234685 |
| **Chevron USA, Inc.** | **Chevron USA, Inc.** | **Chevron USA, Inc.** |
| 1.02%, 08/12/27 *(a)* | 100000 | 96461 |
| 3.95%, 08/13/27  | 70000 | 70384 |
| 3.85%, 01/15/28 *(a)* | 100000 | 100462 |
| 4.48%, 02/26/28 *(a)* | 125000 | 127045 |
| 4.05%, 08/13/28 *(a)* | 90000 | 90937 |
| 3.25%, 10/15/29 *(a)* | 100000 | 98516 |
| 4.69%, 04/15/30 *(a)* | 150000 | 154648 |
| 4.30%, 10/15/30 *(a)* | 170000 | 173187 |
| **ConocoPhillips Co.** | **ConocoPhillips Co.** | **ConocoPhillips Co.** |
| 4.70%, 01/15/30 *(a)* | 200000 | 205092 |
| **Continental Resources, Inc.** | **Continental Resources, Inc.** | **Continental Resources, Inc.** |
| 4.38%, 01/15/28 *(a)* | 175000 | 175313 |
| **Coterra Energy, Inc.** | **Coterra Energy, Inc.** | **Coterra Energy, Inc.** |
| 3.90%, 05/15/27 *(a)* | 125000 | 124898 |
| 4.38%, 03/15/29 *(a)* | 75000 | 75862 |
| **DCP Midstream Operating LP** | **DCP Midstream Operating LP** | **DCP Midstream Operating LP** |
| 5.63%, 07/15/27 *(a)* | 200000 | 203774 |
| 8.13%, 08/16/30  | 50000 | 58224 |
| **Devon Energy Corp.** | **Devon Energy Corp.** | **Devon Energy Corp.** |
| 4.50%, 01/15/30 *(a)* | 100000 | 100968 |
| **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** |
| 3.50%, 12/01/29 *(a)* | 150000 | 146878 |
| 5.15%, 01/30/30 *(a)* | 100000 | 103747 |
| **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** |
| 3.00%, 11/15/29 *(a)* | 75000 | 72524 |
| **Enbridge, Inc.** | **Enbridge, Inc.** | **Enbridge, Inc.** |
| 3.70%, 07/15/27 *(a)* | 100000 | 99752 |
| 4.60%, 06/20/28 *(a)* | 50000 | 50716 |
| 6.00%, 11/15/28 *(a)* | 100000 | 105309 |
| 4.20%, 11/20/28 *(a)* | 70000 | 70423 |
| 5.30%, 04/05/29 *(a)* | 100000 | 103632 |
| 3.13%, 11/15/29 *(a)* | 150000 | 145057 |
| 4.90%, 06/20/30 *(a)* | 80000 | 82362 |
| 6.20%, 11/15/30 *(a)* | 110000 | 119128 |
| 7.38%, 03/15/55 *(a)(b)* | 100000 | 106799 |
| **Energy Transfer LP** | **Energy Transfer LP** | **Energy Transfer LP** |
| 4.20%, 04/15/27 *(a)* | 100000 | 100261 |
| 5.50%, 06/01/27 *(a)* | 200000 | 203074 |
| 4.00%, 10/01/27 *(a)* | 100000 | 100146 |
| 5.55%, 02/15/28 *(a)* | 200000 | 205876 |
| 4.95%, 05/15/28 *(a)* | 100000 | 101928 |
| 4.95%, 06/15/28 *(a)* | 150000 | 152992 |
| 6.10%, 12/01/28 *(a)* | 75000 | 78946 |
| 5.25%, 04/15/29 *(a)* | 200000 | 206570 |
| 5.25%, 07/01/29 *(a)* | 150000 | 155583 |
| 4.15%, 09/15/29 *(a)* | 75000 | 75221 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**119**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 5.20%, 04/01/30 *(a)* | 75000 | 77972 |
| 3.75%, 05/15/30 *(a)* | 200000 | 196746 |
| 6.40%, 12/01/30 *(a)* | 150000 | 163498 |
| 4.55%, 01/15/31 *(a)* | 140000 | 141403 |
| **Eni USA, Inc.** | **Eni USA, Inc.** | **Eni USA, Inc.** |
| 7.30%, 11/15/27  | 50000 | 52786 |
| **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** |
| 4.30%, 06/20/28 *(a)* | 70000 | 70748 |
| 4.15%, 10/16/28 *(a)* | 150000 | 151272 |
| 3.13%, 07/31/29 *(a)* | 200000 | 195260 |
| 2.80%, 01/31/30 *(a)* | 150000 | 143766 |
| 4.60%, 01/15/31 *(a)* | 190000 | 194174 |
| 5.25%, 08/16/77 *(a)(b)* | 150000 | 150552 |
| 5.38%, 02/15/78 *(a)(b)* | 100000 | 100352 |
| **EOG Resources, Inc.** | **EOG Resources, Inc.** | **EOG Resources, Inc.** |
| 4.40%, 07/15/28 *(a)* | 70000 | 70936 |
| 4.38%, 04/15/30 *(a)* | 100000 | 101417 |
| 4.40%, 01/15/31 *(a)* | 100000 | 101206 |
| **EQT Corp.** | **EQT Corp.** | **EQT Corp.** |
| 3.90%, 10/01/27 *(a)* | 200000 | 199688 |
| 5.70%, 04/01/28 *(a)* | 50000 | 51697 |
| 4.50%, 01/15/29 *(a)* | 100000 | 100886 |
| 5.00%, 01/15/29 *(a)* | 75000 | 76480 |
| 6.38%, 04/01/29 *(a)* | 80000 | 82712 |
| 7.00%, 02/01/30 *(a)(f)* | 100000 | 109488 |
| 7.50%, 06/01/30 *(a)* | 65000 | 72197 |
| 4.75%, 01/15/31 *(a)* | 150000 | 152163 |
| **Expand Energy Corp.** | **Expand Energy Corp.** | **Expand Energy Corp.** |
| 5.38%, 02/01/29 *(a)* | 100000 | 99878 |
| 5.38%, 03/15/30 *(a)* | 200000 | 203194 |
| **Exxon Mobil Corp.** | **Exxon Mobil Corp.** | **Exxon Mobil Corp.** |
| 3.29%, 03/19/27 *(a)* | 100000 | 99712 |
| 2.44%, 08/16/29 *(a)* | 100000 | 96280 |
| 3.48%, 03/19/30 *(a)* | 350000 | 345520 |
| 2.61%, 10/15/30 *(a)* | 260000 | 246631 |
| **Halliburton Co.** | **Halliburton Co.** | **Halliburton Co.** |
| 2.92%, 03/01/30 *(a)* | 100000 | 95849 |
| **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** |
| 4.65%, 12/01/27 *(a)* | 50000 | 50494 |
| 4.85%, 12/01/29 *(a)* | 140000 | 142699 |
| **Hess Corp.** | **Hess Corp.** | **Hess Corp.** |
| 4.30%, 04/01/27 *(a)* | 175000 | 175717 |
| **HF Sinclair Corp.** | **HF Sinclair Corp.** | **HF Sinclair Corp.** |
| 5.00%, 02/01/28 *(a)* | 100000 | 100010 |
| 4.50%, 10/01/30 *(a)* | 40000 | 39876 |
| 5.75%, 01/15/31 *(a)* | 90000 | 93419 |
| **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** |
| 4.30%, 03/01/28 *(a)* | 125000 | 126061 |
| 5.00%, 02/01/29 *(a)* | 100000 | 103025 |
| 5.10%, 08/01/29 *(a)* | 200000 | 207180 |
| 5.15%, 06/01/30 *(a)* | 150000 | 156097 |
| **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** |
| 3.80%, 04/01/28 *(a)* | 100000 | 99766 |
| 5.15%, 03/01/30 *(a)* | 200000 | 207320 |
| **MPLX LP** | **MPLX LP** | **MPLX LP** |
| 4.13%, 03/01/27 *(a)* | 250000 | 250280 |
| 4.25%, 12/01/27 *(a)* | 150000 | 150715 |
| 4.00%, 03/15/28 *(a)* | 175000 | 175161 |
| 4.80%, 02/15/29 *(a)* | 100000 | 101952 |
| 2.65%, 08/15/30 *(a)* | 175000 | 163984 |
| 4.80%, 02/15/31 *(a)* | 175000 | 178691 |
| **National Fuel Gas Co.** | **National Fuel Gas Co.** | **National Fuel Gas Co.** |
| 4.75%, 09/01/28 *(a)* | 100000 | 101514 |
| 5.50%, 03/15/30 *(a)* | 100000 | 104127 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **NOV, Inc.** | **NOV, Inc.** | **NOV, Inc.** |
| 3.60%, 12/01/29 *(a)* | 100000 | 98150 |
| **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** |
| 8.88%, 07/15/30 *(a)* | 150000 | 174375 |
| 6.63%, 09/01/30 *(a)* | 200000 | 216764 |
| 6.13%, 01/01/31 *(a)* | 170000 | 182888 |
| **ONEOK, Inc.** | **ONEOK, Inc.** | **ONEOK, Inc.** |
| 4.00%, 07/13/27 *(a)* | 100000 | 100108 |
| 4.25%, 09/24/27 *(a)* | 100000 | 100494 |
| 4.55%, 07/15/28 *(a)* | 100000 | 101108 |
| 5.65%, 11/01/28 *(a)* | 150000 | 155991 |
| 4.35%, 03/15/29 *(a)* | 100000 | 100662 |
| 5.38%, 06/01/29 *(a)* | 100000 | 103638 |
| 3.40%, 09/01/29 *(a)* | 100000 | 97824 |
| 4.40%, 10/15/29 *(a)* | 75000 | 75623 |
| 3.10%, 03/15/30 *(a)* | 100000 | 95842 |
| 3.25%, 06/01/30 *(a)* | 60000 | 57638 |
| 5.80%, 11/01/30 *(a)* | 70000 | 74246 |
| 6.35%, 01/15/31 *(a)* | 90000 | 97505 |
| **Ovintiv, Inc.** | **Ovintiv, Inc.** | **Ovintiv, Inc.** |
| 5.65%, 05/15/28 *(a)* | 100000 | 103607 |
| 8.13%, 09/15/30  | 50000 | 57604 |
| **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** |
| 3.95%, 02/01/28 *(a)* | 75000 | 74505 |
| **Phillips 66** | **Phillips 66** | **Phillips 66** |
| 3.90%, 03/15/28 *(a)* | 150000 | 149908 |
| 2.15%, 12/15/30 *(a)* | 100000 | 91265 |
| **Phillips 66 Co.** | **Phillips 66 Co.** | **Phillips 66 Co.** |
| 3.75%, 03/01/28 *(a)* | 50000 | 49946 |
| 3.15%, 12/15/29 *(a)* | 100000 | 96997 |
| **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** |
| 1.90%, 08/15/30 *(a)* | 130000 | 119321 |
| 2.15%, 01/15/31 *(a)* | 130000 | 119652 |
| **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** |
| 3.55%, 12/15/29 *(a)* | 225000 | 220608 |
| 3.80%, 09/15/30 *(a)* | 100000 | 98202 |
| 4.70%, 01/15/31 *(a)* | 140000 | 142197 |
| **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** |
| 5.00%, 03/15/27 *(a)* | 200000 | 200940 |
| 4.20%, 03/15/28 *(a)* | 125000 | 125509 |
| 4.50%, 05/15/30 *(a)* | 300000 | 303435 |
| **Schlumberger Investment SA** | **Schlumberger Investment SA** | **Schlumberger Investment SA** |
| 2.65%, 06/26/30 *(a)* | 60000 | 57208 |
| **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** |
| 3.88%, 11/13/28 *(a)(d)* | 200000 | 201060 |
| 2.38%, 11/07/29 *(a)* | 150000 | 142662 |
| 2.75%, 04/06/30 *(a)* | 200000 | 191334 |
| 4.13%, 11/06/30 *(a)* | 140000 | 141099 |
| **Shell International Finance BV** | **Shell International Finance BV** | **Shell International Finance BV** |
| 2.75%, 04/06/30 *(a)* | 100000 | 95709 |
| **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** |
| 4.91%, 09/01/27 *(a)* | 50000 | 50547 |
| 5.03%, 10/01/29 *(a)* | 230000 | 235120 |
| **Targa Resources Corp.** | **Targa Resources Corp.** | **Targa Resources Corp.** |
| 5.20%, 07/01/27 *(a)* | 200000 | 203224 |
| 4.35%, 01/15/29 *(a)* | 100000 | 100784 |
| 6.15%, 03/01/29 *(a)* | 150000 | 158673 |
| 4.90%, 09/15/30 *(a)* | 100000 | 102654 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** |
| 5.00%, 01/15/28 *(a)* | 150000 | 150094 |
| 5.50%, 03/01/30 *(a)* | 100000 | 101775 |
| **TC PipeLines LP** | **TC PipeLines LP** | **TC PipeLines LP** |
| 3.90%, 05/25/27 *(a)* | 100000 | 99872 |

---

*See financial notes*

**120**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** |
| 7.00%, 10/15/28  | 75000 | 80712 |
| **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** |
| 3.46%, 02/19/29 *(a)* | 150000 | 148765 |
| 2.83%, 01/10/30 *(a)* | 150000 | 144986 |
| **TotalEnergies Capital SA** | **TotalEnergies Capital SA** | **TotalEnergies Capital SA** |
| 3.88%, 10/11/28  | 150000 | 150834 |
| **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** |
| 4.25%, 01/13/31 *(a)* | 210000 | 211888 |
| **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** |
| 4.25%, 05/15/28 *(a)* | 250000 | 251422 |
| 4.10%, 04/15/30 *(a)* | 150000 | 149803 |
| 7.00%, 06/01/65 *(a)(b)* | 100000 | 104106 |
| **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** |
| 4.00%, 03/15/28 *(a)* | 75000 | 75140 |
| 3.25%, 05/15/30 *(a)* | 100000 | 96834 |
| **Valero Energy Corp.** | **Valero Energy Corp.** | **Valero Energy Corp.** |
| 2.15%, 09/15/27 *(a)* | 100000 | 97380 |
| 4.35%, 06/01/28 *(a)* | 200000 | 201638 |
| **Valero Energy Partners LP** | **Valero Energy Partners LP** | **Valero Energy Partners LP** |
| 4.50%, 03/15/28 *(a)* | 100000 | 100979 |
| **Viper Energy Partners LLC** | **Viper Energy Partners LLC** | **Viper Energy Partners LLC** |
| 4.90%, 08/01/30 *(a)* | 70000 | 71539 |
| **Western Midstream Operating LP** | **Western Midstream Operating LP** | **Western Midstream Operating LP** |
| 4.50%, 03/01/28 *(a)* | 75000 | 75587 |
| 4.75%, 08/15/28 *(a)* | 100000 | 101504 |
| 6.35%, 01/15/29 *(a)* | 100000 | 105651 |
| 4.05%, 02/01/30 *(a)(g)* | 100000 | 98828 |
| **Williams Cos., Inc.** | **Williams Cos., Inc.** | **Williams Cos., Inc.** |
| 3.75%, 06/15/27 *(a)* | 250000 | 249545 |
| 5.30%, 08/15/28 *(a)* | 150000 | 154863 |
| 4.90%, 03/15/29 *(a)* | 175000 | 179518 |
| 4.63%, 06/30/30 *(a)* | 100000 | 101760 |
| 3.50%, 11/15/30 *(a)* | 130000 | 125991 |
| 7.50%, 01/15/31  | 50000 | 57174 |
| **Woodside Finance Ltd.** | **Woodside Finance Ltd.** | **Woodside Finance Ltd.** |
| 4.90%, 05/19/28 *(a)* | 100000 | 101746 |
| 5.40%, 05/19/30 *(a)* | 200000 | 207616 |
|  |  | **24239882** |
| ***Industrial Other 0.1%***  | ***Industrial Other 0.1%***  | ***Industrial Other 0.1%***  |
| **Cintas Corp. No. 2** | **Cintas Corp. No. 2** | **Cintas Corp. No. 2** |
| 3.70%, 04/01/27 *(a)* | 175000 | 174864 |
| **Cornell University** | **Cornell University** | **Cornell University** |
| 4.17%, 06/15/30 *(a)* | 70000 | 70992 |
| **Emory University** | **Emory University** | **Emory University** |
| 2.14%, 09/01/30 *(a)* | 50000 | 46413 |
| **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** |
| 6.35%, 08/18/28 *(a)* | 125000 | 131373 |
| **Leland Stanford Junior University** | **Leland Stanford Junior University** | **Leland Stanford Junior University** |
| 4.15%, 08/01/30 *(a)* | 70000 | 71042 |
| **MasTec, Inc.** | **MasTec, Inc.** | **MasTec, Inc.** |
| 5.90%, 06/15/29 *(a)* | 75000 | 78747 |
| **President & Fellows of Harvard College** | **President & Fellows of Harvard College** | **President & Fellows of Harvard College** |
| 4.89%, 03/15/30 *(a)* | 75000 | 78110 |
| **Quanta Services, Inc.** | **Quanta Services, Inc.** | **Quanta Services, Inc.** |
| 4.75%, 08/09/27 *(a)* | 50000 | 50550 |
| 4.30%, 08/09/28 *(a)* | 70000 | 70594 |
| 2.90%, 10/01/30 *(a)* | 130000 | 122958 |
| 4.50%, 01/15/31 *(a)* | 70000 | 70837 |
| **Trustees of Dartmouth College** | **Trustees of Dartmouth College** | **Trustees of Dartmouth College** |
| 4.27%, 06/01/30 *(a)* | 40000 | 40653 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Trustees of Princeton University** | **Trustees of Princeton University** | **Trustees of Princeton University** |
| 4.65%, 07/01/30 *(a)* | 40000 | 41400 |
| **Yale University** | **Yale University** | **Yale University** |
| 1.48%, 04/15/30 *(a)* | 75000 | 68577 |
|  |  | **1117110** |
| ***Technology 2.3%***  | ***Technology 2.3%***  | ***Technology 2.3%***  |
| **Accenture Capital, Inc.** | **Accenture Capital, Inc.** | **Accenture Capital, Inc.** |
| 3.90%, 10/04/27 *(a)* | 100000 | 100425 |
| 4.05%, 10/04/29 *(a)* | 200000 | 201214 |
| **Adobe, Inc.** | **Adobe, Inc.** | **Adobe, Inc.** |
| 4.75%, 01/17/28 *(a)* | 100000 | 101993 |
| 4.80%, 04/04/29 *(a)* | 100000 | 102680 |
| 4.95%, 01/17/30 *(a)* | 100000 | 103427 |
| 2.30%, 02/01/30 *(a)* | 200000 | 187572 |
| **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** |
| 4.32%, 03/24/28 *(a)* | 100000 | 101191 |
| **Alphabet, Inc.** | **Alphabet, Inc.** | **Alphabet, Inc.** |
| 0.80%, 08/15/27 *(a)* | 150000 | 144359 |
| 3.88%, 11/15/28 *(a)* | 140000 | 141023 |
| 3.70%, 02/15/29 *(a)* | 350000 | 350353 |
| 4.00%, 05/15/30 *(a)* | 100000 | 100736 |
| 1.10%, 08/15/30 *(a)* | 310000 | 276356 |
| 4.10%, 11/15/30 *(a)* | 340000 | 343097 |
| 4.10%, 02/15/31 *(a)* | 400000 | 402804 |
| **Amdocs Ltd.** | **Amdocs Ltd.** | **Amdocs Ltd.** |
| 2.54%, 06/15/30 *(a)* | 80000 | 73123 |
| **Analog Devices, Inc.** | **Analog Devices, Inc.** | **Analog Devices, Inc.** |
| 3.45%, 06/15/27 *(a)* | 100000 | 99702 |
| 4.25%, 06/15/28 *(a)* | 110000 | 111241 |
| 1.70%, 10/01/28 *(a)* | 100000 | 94967 |
| 4.50%, 06/15/30 *(a)* | 90000 | 92030 |
| **Apple, Inc.** | **Apple, Inc.** | **Apple, Inc.** |
| 3.20%, 05/11/27 *(a)* | 200000 | 199284 |
| 2.90%, 09/12/27 *(a)* | 350000 | 346643 |
| 3.00%, 11/13/27 *(a)* | 250000 | 248132 |
| 1.20%, 02/08/28 *(a)* | 200000 | 191334 |
| 4.00%, 05/10/28 *(a)* | 100000 | 100887 |
| 4.00%, 05/12/28 *(a)* | 200000 | 201842 |
| 1.40%, 08/05/28 *(a)* | 300000 | 285330 |
| 3.25%, 08/08/29 *(a)* | 150000 | 148280 |
| 2.20%, 09/11/29 *(a)* | 300000 | 285909 |
| 1.65%, 05/11/30 *(a)* | 500000 | 459410 |
| 4.20%, 05/12/30 *(a)* | 150000 | 152488 |
| 1.25%, 08/20/30 *(a)* | 265000 | 237885 |
| 1.65%, 02/08/31 *(a)* | 350000 | 316932 |
| **Applied Materials, Inc.** | **Applied Materials, Inc.** | **Applied Materials, Inc.** |
| 3.30%, 04/01/27 *(a)* | 175000 | 174340 |
| 4.80%, 06/15/29 *(a)* | 150000 | 154588 |
| 1.75%, 06/01/30 *(a)* | 90000 | 82109 |
| 4.00%, 01/15/31 *(a)* | 80000 | 80086 |
| **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** |
| 3.88%, 01/12/28 *(a)* | 100000 | 99522 |
| 5.15%, 08/21/29 *(a)* | 50000 | 51291 |
| **Atlassian Corp.** | **Atlassian Corp.** | **Atlassian Corp.** |
| 5.25%, 05/15/29 *(a)* | 75000 | 76335 |
| **Autodesk, Inc.** | **Autodesk, Inc.** | **Autodesk, Inc.** |
| 3.50%, 06/15/27 *(a)* | 100000 | 99435 |
| 2.85%, 01/15/30 *(a)* | 100000 | 95339 |
| **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** |
| 1.70%, 05/15/28 *(a)* | 140000 | 134158 |
| 1.25%, 09/01/30 *(a)* | 120000 | 107162 |
| **Avnet, Inc.** | **Avnet, Inc.** | **Avnet, Inc.** |
| 6.25%, 03/15/28 *(a)* | 100000 | 103785 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**121**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Baidu, Inc.** | **Baidu, Inc.** | **Baidu, Inc.** |
| 4.38%, 03/29/28 *(a)* | 200000 | 201894 |
| 4.88%, 11/14/28 *(a)* | 200000 | 204878 |
| **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** |
| 3.50%, 01/15/28 *(a)* | 100000 | 99599 |
| **Broadcom, Inc.** | **Broadcom, Inc.** | **Broadcom, Inc.** |
| 5.05%, 07/12/27 *(a)* | 59000 | 59988 |
| 1.95%, 02/15/28 *(a)* | 50000 | 48335 |
| 4.80%, 04/15/28 *(a)* | 200000 | 204096 |
| 4.00%, 04/15/29 *(a)(d)* | 150000 | 150406 |
| 4.75%, 04/15/29 *(a)* | 250000 | 255795 |
| 5.05%, 07/12/29 *(a)* | 300000 | 310263 |
| 4.35%, 02/15/30 *(a)* | 200000 | 202516 |
| 5.00%, 04/15/30 *(a)* | 75000 | 77558 |
| 5.05%, 04/15/30 *(a)* | 150000 | 155517 |
| 4.60%, 07/15/30 *(a)* | 230000 | 235129 |
| 4.20%, 10/15/30 *(a)* | 140000 | 140774 |
| 4.15%, 11/15/30 *(a)* | 250000 | 250880 |
| 4.30%, 01/15/31 *(a)* | 100000 | 100894 |
| 2.45%, 02/15/31 *(a)* | 350000 | 323564 |
| **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** |
| 2.90%, 12/01/29 *(a)* | 100000 | 94767 |
| **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** |
| 4.20%, 09/10/27  | 100000 | 100519 |
| 4.30%, 09/10/29 *(a)* | 150000 | 151662 |
| **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** |
| 4.25%, 04/01/28 *(a)* | 100000 | 99696 |
| 3.28%, 12/01/28 *(a)* | 75000 | 73190 |
| 3.25%, 02/15/29 *(a)* | 100000 | 96624 |
| 5.10%, 03/01/30 *(a)* | 100000 | 101735 |
| **CGI, Inc.** | **CGI, Inc.** | **CGI, Inc.** |
| 4.95%, 03/14/30 *(a)* | 100000 | 101643 |
| **Cisco Systems, Inc.** | **Cisco Systems, Inc.** | **Cisco Systems, Inc.** |
| 4.55%, 02/24/28 *(a)* | 130000 | 132172 |
| 4.85%, 02/26/29 *(a)* | 375000 | 386269 |
| 4.75%, 02/24/30 *(a)* | 100000 | 103151 |
| 4.95%, 02/26/31 *(a)* | 350000 | 364315 |
| **Concentrix Corp.** | **Concentrix Corp.** | **Concentrix Corp.** |
| 6.60%, 08/02/28 *(a)* | 175000 | 176185 |
| 6.50%, 03/01/29 *(a)* | 50000 | 49426 |
| **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** |
| 6.10%, 07/15/27 *(a)* | 100000 | 102602 |
| 5.25%, 02/01/28 *(a)* | 200000 | 204574 |
| 4.75%, 04/01/28 *(a)* | 150000 | 152389 |
| 4.15%, 02/15/29 *(a)* | 100000 | 100348 |
| 5.30%, 10/01/29 *(a)* | 300000 | 311121 |
| 4.35%, 02/01/30 *(a)* | 75000 | 75431 |
| 5.00%, 04/01/30 *(a)* | 150000 | 154287 |
| 6.20%, 07/15/30 *(a)* | 75000 | 80559 |
| 4.50%, 02/15/31 *(a)* | 175000 | 175875 |
| **DXC Technology Co.** | **DXC Technology Co.** | **DXC Technology Co.** |
| 2.38%, 09/15/28 *(a)* | 100000 | 94387 |
| **Equifax, Inc.** | **Equifax, Inc.** | **Equifax, Inc.** |
| 5.10%, 12/15/27 *(a)* | 100000 | 101852 |
| 5.10%, 06/01/28 *(a)* | 100000 | 102150 |
| 4.80%, 09/15/29 *(a)* | 100000 | 101857 |
| 3.10%, 05/15/30 *(a)* | 100000 | 95411 |
| **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** |
| 4.60%, 11/15/30 *(a)* | 170000 | 171982 |
| **Equinix, Inc.** | **Equinix, Inc.** | **Equinix, Inc.** |
| 1.55%, 03/15/28 *(a)* | 75000 | 71489 |
| 2.00%, 05/15/28 *(a)* | 100000 | 95860 |
| 3.20%, 11/18/29 *(a)* | 175000 | 169186 |
| 2.15%, 07/15/30 *(a)* | 130000 | 119044 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** |
| 2.90%, 03/01/27 *(a)* | 100000 | 98654 |
| **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** |
| 1.65%, 03/01/28 *(a)* | 100000 | 95444 |
| 3.75%, 05/21/29 *(a)* | 50000 | 49297 |
| **Fiserv, Inc.** | **Fiserv, Inc.** | **Fiserv, Inc.** |
| 5.15%, 03/15/27 *(a)* | 100000 | 100979 |
| 2.25%, 06/01/27 *(a)* | 150000 | 146552 |
| 5.45%, 03/02/28 *(a)* | 150000 | 153498 |
| 5.38%, 08/21/28 *(a)* | 100000 | 102525 |
| 4.20%, 10/01/28 *(a)* | 100000 | 100042 |
| 3.50%, 07/01/29 *(a)* | 500000 | 485955 |
| 4.75%, 03/15/30 *(a)* | 100000 | 100820 |
| 2.65%, 06/01/30 *(a)* | 120000 | 111434 |
| 4.55%, 02/15/31 *(a)* | 125000 | 124685 |
| **Flex Ltd.** | **Flex Ltd.** | **Flex Ltd.** |
| 4.88%, 06/15/29 *(a)* | 150000 | 152832 |
| 4.88%, 05/12/30 *(a)* | 100000 | 101867 |
| **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** |
| 6.00%, 06/04/29 *(a)* | 75000 | 77903 |
| **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** |
| 4.95%, 11/18/30 *(a)* | 50000 | 49450 |
| **Global Payments, Inc.** | **Global Payments, Inc.** | **Global Payments, Inc.** |
| 4.95%, 08/15/27 *(a)* | 50000 | 50417 |
| 4.45%, 06/01/28 *(a)* | 100000 | 100280 |
| 4.50%, 11/15/28 *(a)* | 240000 | 240886 |
| 3.20%, 08/15/29 *(a)* | 175000 | 167895 |
| 5.30%, 08/15/29 *(a)* | 50000 | 51408 |
| 2.90%, 05/15/30 *(a)* | 150000 | 139760 |
| 4.88%, 11/15/30 *(a)* | 230000 | 229795 |
| **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** |
| 4.05%, 09/15/27  | 120000 | 120227 |
| 4.40%, 09/25/27 *(a)* | 100000 | 100610 |
| 5.25%, 07/01/28 *(a)* | 100000 | 102678 |
| 4.15%, 09/15/28 *(a)* | 110000 | 110262 |
| 4.55%, 10/15/29 *(a)* | 250000 | 253065 |
| 4.40%, 10/15/30 *(a)* | 120000 | 120197 |
| **HP, Inc.** | **HP, Inc.** | **HP, Inc.** |
| 3.00%, 06/17/27 *(a)* | 175000 | 172839 |
| 4.75%, 01/15/28 *(a)* | 100000 | 101251 |
| 4.00%, 04/15/29 *(a)* | 100000 | 99410 |
| 5.40%, 04/25/30 *(a)* | 75000 | 77801 |
| 3.40%, 06/17/30 *(a)* | 60000 | 57715 |
| **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** |
| 4.60%, 02/05/29 *(a)* | 100000 | 101880 |
| 4.75%, 02/05/31 *(a)* | 100000 | 101899 |
| **Intel Corp.** | **Intel Corp.** | **Intel Corp.** |
| 3.75%, 03/25/27 *(a)* | 250000 | 249585 |
| 3.75%, 08/05/27 *(a)* | 250000 | 249210 |
| 4.88%, 02/10/28 *(a)* | 200000 | 203176 |
| 1.60%, 08/12/28 *(a)* | 150000 | 141861 |
| 4.00%, 08/05/29 *(a)* | 100000 | 99767 |
| 2.45%, 11/15/29 *(a)* | 250000 | 235745 |
| 5.13%, 02/10/30 *(a)* | 200000 | 206370 |
| 3.90%, 03/25/30 *(a)* | 200000 | 197750 |
| 5.00%, 02/21/31 *(a)* | 75000 | 77208 |
| **International Business Machines Corp.** | **International Business Machines Corp.** | **International Business Machines Corp.** |
| 1.70%, 05/15/27 *(a)* | 150000 | 146291 |
| 4.15%, 07/27/27 *(a)* | 200000 | 201168 |
| 4.50%, 02/06/28 *(a)* | 200000 | 202576 |
| 4.00%, 02/03/29 *(a)* | 100000 | 100377 |
| 3.50%, 05/15/29  | 500000 | 492835 |
| 4.80%, 02/10/30 *(a)* | 200000 | 204954 |
| 1.95%, 05/15/30 *(a)* | 100000 | 91745 |
| 4.30%, 02/03/31 *(a)* | 100000 | 100599 |

---

*See financial notes*

**122**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Intuit, Inc.** | **Intuit, Inc.** | **Intuit, Inc.** |
| 5.13%, 09/15/28 *(a)* | 225000 | 231633 |
| 1.65%, 07/15/30 *(a)* | 60000 | 54185 |
| **Jabil, Inc.** | **Jabil, Inc.** | **Jabil, Inc.** |
| 4.25%, 05/15/27 *(a)* | 100000 | 100375 |
| 3.95%, 01/12/28 *(a)* | 75000 | 74866 |
| 4.20%, 02/01/29 *(a)* | 70000 | 70125 |
| 3.60%, 01/15/30 *(a)* | 100000 | 97362 |
| 3.00%, 01/15/31 *(a)* | 80000 | 75046 |
| **Juniper Networks, Inc.** | **Juniper Networks, Inc.** | **Juniper Networks, Inc.** |
| 3.75%, 08/15/29 *(a)* | 50000 | 49167 |
| 2.00%, 12/10/30 *(a)* | 50000 | 44929 |
| **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** |
| 4.60%, 04/06/27 *(a)* | 150000 | 150853 |
| 3.00%, 10/30/29 *(a)* | 50000 | 48311 |
| 5.35%, 07/30/30 *(a)* | 100000 | 104822 |
| **KLA Corp.** | **KLA Corp.** | **KLA Corp.** |
| 4.10%, 03/15/29 *(a)* | 100000 | 100589 |
| **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** |
| 2.70%, 10/15/28 *(a)* | 50000 | 46065 |
| **Lam Research Corp.** | **Lam Research Corp.** | **Lam Research Corp.** |
| 4.00%, 03/15/29 *(a)* | 150000 | 150697 |
| 1.90%, 06/15/30 *(a)* | 90000 | 82665 |
| **Leidos, Inc.** | **Leidos, Inc.** | **Leidos, Inc.** |
| 4.10%, 03/15/29 *(a)* | 75000 | 75194 |
| 4.38%, 05/15/30 *(a)* | 100000 | 100361 |
| 2.30%, 02/15/31 *(a)* | 125000 | 113561 |
| **Marvell Technology, Inc.** | **Marvell Technology, Inc.** | **Marvell Technology, Inc.** |
| 2.45%, 04/15/28 *(a)* | 150000 | 145238 |
| 5.75%, 02/15/29 *(a)* | 75000 | 78367 |
| 4.75%, 07/15/30 *(a)* | 70000 | 71383 |
| **Mastercard, Inc.** | **Mastercard, Inc.** | **Mastercard, Inc.** |
| 3.30%, 03/26/27 *(a)* | 250000 | 249107 |
| 4.10%, 01/15/28 *(a)* | 100000 | 100858 |
| 4.88%, 03/09/28 *(a)* | 125000 | 127840 |
| 2.95%, 06/01/29 *(a)* | 200000 | 194958 |
| 3.35%, 03/26/30 *(a)* | 100000 | 98282 |
| **Microchip Technology, Inc.** | **Microchip Technology, Inc.** | **Microchip Technology, Inc.** |
| 4.90%, 03/15/28  | 150000 | 152502 |
| 5.05%, 03/15/29 *(a)* | 100000 | 102712 |
| 5.05%, 02/15/30 *(a)* | 150000 | 154060 |
| **Micron Technology, Inc.** | **Micron Technology, Inc.** | **Micron Technology, Inc.** |
| 5.30%, 01/15/31 *(a)* | 140000 | 147099 |
| **Microsoft Corp.** | **Microsoft Corp.** | **Microsoft Corp.** |
| 3.40%, 06/15/27 *(a)* | 75000 | 74883 |
| 1.35%, 09/15/30 *(a)* | 50000 | 45201 |
| **Moody's Corp.** | **Moody's Corp.** | **Moody's Corp.** |
| 3.25%, 01/15/28 *(a)* | 150000 | 148314 |
| **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** |
| 4.60%, 02/23/28 *(a)* | 150000 | 151689 |
| 4.60%, 05/23/29 *(a)* | 100000 | 101558 |
| 4.85%, 08/15/30 *(a)* | 80000 | 82185 |
| 2.30%, 11/15/30 *(a)* | 110000 | 101213 |
| **NetApp, Inc.** | **NetApp, Inc.** | **NetApp, Inc.** |
| 2.38%, 06/22/27 *(a)* | 100000 | 97986 |
| 2.70%, 06/22/30 *(a)* | 80000 | 75077 |
| **Nokia OYJ** | **Nokia OYJ** | **Nokia OYJ** |
| 4.38%, 06/12/27  | 100000 | 100007 |
| **NVIDIA Corp.** | **NVIDIA Corp.** | **NVIDIA Corp.** |
| 1.55%, 06/15/28 *(a)* | 250000 | 238702 |
| 2.85%, 04/01/30 *(a)* | 150000 | 144326 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** |
| 3.15%, 05/01/27 *(a)* | 100000 | 99119 |
| 4.40%, 06/01/27 *(a)* | 50000 | 50266 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.30%, 08/19/28 *(a)* | 70000 | 70465 |
| 4.30%, 06/18/29 *(a)* | 200000 | 201256 |
| 3.40%, 05/01/30 *(a)* | 100000 | 96916 |
| **Oracle Corp.** | **Oracle Corp.** | **Oracle Corp.** |
| 2.80%, 04/01/27 *(a)* | 200000 | 197028 |
| 3.25%, 11/15/27 *(a)* | 400000 | 392968 |
| 2.30%, 03/25/28 *(a)* | 350000 | 335576 |
| 4.50%, 05/06/28 *(a)* | 100000 | 100562 |
| 4.80%, 08/03/28 *(a)* | 225000 | 227547 |
| 4.55%, 02/04/29 *(a)* | 400000 | 400692 |
| 4.20%, 09/27/29 *(a)* | 200000 | 197624 |
| 6.15%, 11/09/29 *(a)* | 150000 | 157218 |
| 2.95%, 04/01/30 *(a)* | 400000 | 372256 |
| 4.65%, 05/06/30 *(a)* | 200000 | 199724 |
| 3.25%, 05/15/30 *(a)* | 50000 | 47021 |
| 4.45%, 09/26/30 *(a)* | 400000 | 392148 |
| 4.95%, 02/04/31 *(a)* | 500000 | 499055 |
| **Paychex, Inc.** | **Paychex, Inc.** | **Paychex, Inc.** |
| 5.10%, 04/15/30 *(a)* | 200000 | 204358 |
| **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** |
| 3.90%, 06/01/27 *(a)* | 100000 | 100124 |
| 4.45%, 03/06/28 *(a)* | 100000 | 101176 |
| 2.85%, 10/01/29 *(a)* | 200000 | 192900 |
| 2.30%, 06/01/30 *(a)* | 120000 | 112136 |
| **Qorvo, Inc.** | **Qorvo, Inc.** | **Qorvo, Inc.** |
| 4.38%, 10/15/29 *(a)* | 100000 | 98548 |
| **QUALCOMM, Inc.** | **QUALCOMM, Inc.** | **QUALCOMM, Inc.** |
| 3.25%, 05/20/27 *(a)* | 250000 | 248810 |
| 1.30%, 05/20/28 *(a)* | 150000 | 142425 |
| 2.15%, 05/20/30 *(a)* | 150000 | 139758 |
| 4.50%, 05/20/30 *(a)* | 75000 | 76507 |
| **RELX Capital, Inc.** | **RELX Capital, Inc.** | **RELX Capital, Inc.** |
| 4.00%, 03/18/29 *(a)* | 100000 | 99929 |
| 4.75%, 03/27/30 *(a)* | 150000 | 153088 |
| 3.00%, 05/22/30 *(a)* | 125000 | 119409 |
| **Roper Technologies, Inc.** | **Roper Technologies, Inc.** | **Roper Technologies, Inc.** |
| 1.40%, 09/15/27 *(a)* | 100000 | 96238 |
| 4.20%, 09/15/28 *(a)* | 100000 | 100242 |
| 4.25%, 09/15/28 *(a)* | 70000 | 70300 |
| 2.95%, 09/15/29 *(a)* | 100000 | 95866 |
| 4.50%, 10/15/29 *(a)* | 75000 | 76016 |
| 2.00%, 06/30/30 *(a)* | 70000 | 63576 |
| 4.45%, 09/15/30 *(a)* | 70000 | 70371 |
| 1.75%, 02/15/31 *(a)* | 125000 | 109855 |
| **S&P Global, Inc.** | **S&P Global, Inc.** | **S&P Global, Inc.** |
| 2.45%, 03/01/27 *(a)* | 150000 | 147987 |
| 4.75%, 08/01/28 *(a)* | 100000 | 102143 |
| 2.70%, 03/01/29 *(a)* | 150000 | 145034 |
| 4.25%, 05/01/29 *(a)* | 150000 | 151365 |
| 2.50%, 12/01/29 *(a)* | 150000 | 142629 |
| 1.25%, 08/15/30 *(a)* | 70000 | 62075 |
| 4.25%, 01/15/31 *(a)(d)* | 80000 | 80313 |
| **Salesforce, Inc.** | **Salesforce, Inc.** | **Salesforce, Inc.** |
| 3.70%, 04/11/28 *(a)* | 150000 | 149670 |
| 1.50%, 07/15/28 *(a)* | 200000 | 189540 |
| **ServiceNow, Inc.** | **ServiceNow, Inc.** | **ServiceNow, Inc.** |
| 1.40%, 09/01/30 *(a)* | 170000 | 150674 |
| **Synopsys, Inc.** | **Synopsys, Inc.** | **Synopsys, Inc.** |
| 4.55%, 04/01/27  | 100000 | 100769 |
| 4.65%, 04/01/28 *(a)* | 100000 | 101300 |
| 4.85%, 04/01/30 *(a)* | 275000 | 281702 |
| **TD SYNNEX Corp.** | **TD SYNNEX Corp.** | **TD SYNNEX Corp.** |
| 2.38%, 08/09/28 *(a)* | 100000 | 95829 |
| 4.30%, 01/17/29 *(a)* | 80000 | 80098 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**123**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Teledyne FLIR LLC** | **Teledyne FLIR LLC** | **Teledyne FLIR LLC** |
| 2.50%, 08/01/30 *(a)* | 60000 | 56240 |
| **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** |
| 2.25%, 04/01/28 *(a)* | 150000 | 145137 |
| **Texas Instruments, Inc.** | **Texas Instruments, Inc.** | **Texas Instruments, Inc.** |
| 2.90%, 11/03/27 *(a)* | 100000 | 98975 |
| 4.60%, 02/15/28 *(a)* | 100000 | 101706 |
| 4.60%, 02/08/29 *(a)* | 100000 | 102485 |
| 2.25%, 09/04/29 *(a)* | 100000 | 95136 |
| 1.75%, 05/04/30 *(a)* | 75000 | 68944 |
| 4.50%, 05/23/30 *(a)* | 150000 | 153147 |
| **Trimble, Inc.** | **Trimble, Inc.** | **Trimble, Inc.** |
| 4.90%, 06/15/28 *(a)* | 100000 | 101038 |
| **TSMC Arizona Corp.** | **TSMC Arizona Corp.** | **TSMC Arizona Corp.** |
| 3.88%, 04/22/27 *(a)* | 200000 | 200108 |
| **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** |
| 4.13%, 03/15/29 *(a)* | 75000 | 75250 |
| **Visa, Inc.** | **Visa, Inc.** | **Visa, Inc.** |
| 1.90%, 04/15/27 *(a)* | 200000 | 196192 |
| 0.75%, 08/15/27 *(a)* | 75000 | 72074 |
| 2.75%, 09/15/27 *(a)* | 150000 | 148098 |
| 3.80%, 02/12/29 *(a)* | 125000 | 125680 |
| 2.05%, 04/15/30 *(a)* | 150000 | 140238 |
| 4.10%, 02/12/31 *(a)* | 100000 | 101193 |
| 1.10%, 02/15/31 *(a)* | 125000 | 109948 |
| **VMware LLC** | **VMware LLC** | **VMware LLC** |
| 1.80%, 08/15/28 *(a)* | 100000 | 95113 |
| 4.70%, 05/15/30 *(a)* | 100000 | 102184 |
| **Workday, Inc.** | **Workday, Inc.** | **Workday, Inc.** |
| 3.50%, 04/01/27 *(a)* | 200000 | 199014 |
| 3.70%, 04/01/29 *(a)* | 100000 | 98356 |
| **Xilinx, Inc.** | **Xilinx, Inc.** | **Xilinx, Inc.** |
| 2.38%, 06/01/30 *(a)* | 90000 | 84447 |
|  |  | **38763329** |
| ***Transportation 0.3%***  | ***Transportation 0.3%***  | ***Transportation 0.3%***  |
| **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** |
| 3.38%, 05/01/27  | 71113 | 70284 |
| **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** |
| 3.58%, 07/15/29  | 54820 | 54132 |
| **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** |
| 3.20%, 12/15/29  | 87675 | 85898 |
| **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** |
| 3.65%, 08/15/30  | 113500 | 112161 |
| **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** |
| 3.25%, 06/15/27 *(a)* | 75000 | 74658 |
| **Canadian National Railway Co.** | **Canadian National Railway Co.** | **Canadian National Railway Co.** |
| 6.90%, 07/15/28  | 75000 | 80191 |
| **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** |
| 4.00%, 06/01/28 *(a)* | 100000 | 100291 |
| 2.05%, 03/05/30 *(a)* | 100000 | 92878 |
| 4.80%, 03/30/30 *(a)* | 100000 | 102970 |
| **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** |
| 4.20%, 04/15/28 *(a)* | 100000 | 100296 |
| **CSX Corp.** | **CSX Corp.** | **CSX Corp.** |
| 3.25%, 06/01/27 *(a)* | 250000 | 248455 |
| 3.80%, 03/01/28 *(a)* | 150000 | 150144 |
| 2.40%, 02/15/30 *(a)* | 75000 | 70826 |
| **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** |
| 2.00%, 12/10/29  | 67113 | 64852 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** |
| 4.95%, 07/10/28 *(a)* | 130000 | 132179 |
| 3.75%, 10/28/29 *(a)* | 150000 | 147444 |
| 5.25%, 07/10/30 *(a)* | 130000 | 134094 |
| **FedEx Corp.** | **FedEx Corp.** | **FedEx Corp.** |
| 3.40%, 02/15/28 *(a)* | 150000 | 148701 |
| 3.10%, 08/05/29 *(a)* | 130000 | 126663 |
| 4.25%, 05/15/30 *(a)* | 60000 | 60540 |
| **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** |
| 4.30%, 03/15/29 *(a)(d)* | 150000 | 150369 |
| **GXO Logistics, Inc.** | **GXO Logistics, Inc.** | **GXO Logistics, Inc.** |
| 6.25%, 05/06/29 *(a)* | 100000 | 105709 |
| **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** |
| 4.90%, 03/15/30 *(a)* | 100000 | 102840 |
| **Kirby Corp.** | **Kirby Corp.** | **Kirby Corp.** |
| 4.20%, 03/01/28 *(a)* | 100000 | 100345 |
| **Norfolk Southern Corp.** | **Norfolk Southern Corp.** | **Norfolk Southern Corp.** |
| 3.80%, 08/01/28 *(a)* | 100000 | 99961 |
| 2.55%, 11/01/29 *(a)* | 75000 | 71518 |
| 5.05%, 08/01/30 *(a)* | 80000 | 83225 |
| **Ryder System, Inc.** | **Ryder System, Inc.** | **Ryder System, Inc.** |
| 2.85%, 03/01/27 *(a)* | 200000 | 198092 |
| 5.25%, 06/01/28 *(a)* | 100000 | 102777 |
| 5.38%, 03/15/29 *(a)* | 100000 | 103769 |
| 4.95%, 09/01/29 *(a)* | 100000 | 102622 |
| 4.90%, 12/01/29 *(a)* | 100000 | 102785 |
| 4.85%, 06/15/30 *(a)* | 40000 | 41102 |
| **Southwest Airlines Co.** | **Southwest Airlines Co.** | **Southwest Airlines Co.** |
| 5.13%, 06/15/27 *(a)* | 350000 | 354095 |
| 4.38%, 11/15/28 *(a)* | 100000 | 100778 |
| 2.63%, 02/10/30 *(a)* | 75000 | 70361 |
| **Union Pacific Corp.** | **Union Pacific Corp.** | **Union Pacific Corp.** |
| 3.00%, 04/15/27 *(a)* | 100000 | 99310 |
| 3.95%, 09/10/28 *(a)* | 100000 | 100487 |
| 6.63%, 02/01/29  | 100000 | 108221 |
| 3.70%, 03/01/29 *(a)* | 125000 | 124699 |
| **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** |
| 3.10%, 01/07/30  | 41362 | 40427 |
| **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** |
| 3.50%, 09/01/31  | 65060 | 63852 |
| **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** |
| 5.88%, 04/15/29 *(a)* | 162803 | 166801 |
| **United Parcel Service, Inc.** | **United Parcel Service, Inc.** | **United Parcel Service, Inc.** |
| 3.05%, 11/15/27 *(a)* | 150000 | 148680 |
| 3.40%, 03/15/29 *(a)* | 100000 | 99142 |
| 2.50%, 09/01/29 *(a)* | 100000 | 95943 |
| 4.45%, 04/01/30 *(a)* | 100000 | 102387 |
| 4.65%, 10/15/30 *(a)* | 70000 | 72357 |
|  |  | **5270311** |
|  |  | **209368670** |
| **Utility 1.7%** | **Utility 1.7%** | **Utility 1.7%** |
| ***Electric 1.5%***  | ***Electric 1.5%***  | ***Electric 1.5%***  |
| **AEP Texas, Inc.** | **AEP Texas, Inc.** | **AEP Texas, Inc.** |
| 3.95%, 06/01/28 *(a)* | 100000 | 99976 |
| 5.45%, 05/15/29 *(a)* | 150000 | 156301 |
| 2.10%, 07/01/30 *(a)* | 70000 | 64594 |
| **AES Corp.** | **AES Corp.** | **AES Corp.** |
| 5.45%, 06/01/28 *(a)* | 150000 | 153472 |
| 2.45%, 01/15/31 *(a)* | 130000 | 120548 |
| **Alabama Power Co.** | **Alabama Power Co.** | **Alabama Power Co.** |
| 3.75%, 09/01/27 *(a)* | 150000 | 150220 |
| 1.45%, 09/15/30 *(a)* | 70000 | 62709 |

---

*See financial notes*

**124**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ameren Corp.** | **Ameren Corp.** | **Ameren Corp.** |
| 1.95%, 03/15/27 *(a)* | 75000 | 73521 |
| 1.75%, 03/15/28 *(a)* | 75000 | 71788 |
| 5.00%, 01/15/29 *(a)* | 100000 | 102837 |
| 3.50%, 01/15/31 *(a)* | 110000 | 106647 |
| **Ameren Illinois Co.** | **Ameren Illinois Co.** | **Ameren Illinois Co.** |
| 3.80%, 05/15/28 *(a)* | 100000 | 100065 |
| 1.55%, 11/15/30 *(a)* | 40000 | 35789 |
| **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** |
| 3.20%, 11/13/27 *(a)* | 100000 | 98907 |
| 4.30%, 12/01/28 *(a)* | 100000 | 100932 |
| 5.20%, 01/15/29 *(a)* | 150000 | 155127 |
| 7.05%, 12/15/54 *(a)(b)* | 100000 | 105611 |
| **Arizona Public Service Co.** | **Arizona Public Service Co.** | **Arizona Public Service Co.** |
| 2.60%, 08/15/29 *(a)* | 100000 | 95340 |
| **Avangrid, Inc.** | **Avangrid, Inc.** | **Avangrid, Inc.** |
| 3.80%, 06/01/29 *(a)* | 100000 | 99279 |
| **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** |
| 3.25%, 04/15/28 *(a)* | 100000 | 99052 |
| 3.70%, 07/15/30 *(a)* | 140000 | 138662 |
| **Black Hills Corp.** | **Black Hills Corp.** | **Black Hills Corp.** |
| 5.95%, 03/15/28 *(a)* | 75000 | 77808 |
| 2.50%, 06/15/30 *(a)* | 50000 | 46599 |
| 4.55%, 01/31/31 *(a)* | 60000 | 60604 |
| **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** |
| 5.20%, 10/01/28 *(a)* | 100000 | 103345 |
| 4.80%, 03/15/30 *(a)* | 100000 | 103123 |
| **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** |
| 5.40%, 06/01/29 *(a)* | 100000 | 104036 |
| 7.00%, 02/15/55 *(a)(b)* | 50000 | 52635 |
| 6.70%, 05/15/55 *(a)(b)* | 100000 | 103306 |
| **CMS Energy Corp.** | **CMS Energy Corp.** | **CMS Energy Corp.** |
| 3.45%, 08/15/27 *(a)* | 50000 | 49652 |
| 4.75%, 06/01/50 *(a)(b)* | 60000 | 59459 |
| 3.75%, 12/01/50 *(a)(b)* | 50000 | 46745 |
| **Commonwealth Edison Co.** | **Commonwealth Edison Co.** | **Commonwealth Edison Co.** |
| 3.70%, 08/15/28 *(a)* | 150000 | 149841 |
| 2.20%, 03/01/30 *(a)* | 100000 | 93565 |
| **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** |
| 3.20%, 03/15/27 *(a)* | 100000 | 99544 |
| 4.95%, 01/15/30 *(a)* | 100000 | 103334 |
| **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** |
| 3.80%, 05/15/28 *(a)* | 100000 | 100092 |
| 4.00%, 12/01/28 *(a)* | 75000 | 75517 |
| 3.35%, 04/01/30 *(a)* | 100000 | 97626 |
| **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** |
| 3.90%, 01/08/28  | 130000 | 130083 |
| 5.60%, 03/01/28 *(a)* | 125000 | 128934 |
| 4.63%, 02/01/29 *(a)(d)* | 90000 | 89999 |
| 4.40%, 01/15/31 *(a)* | 100000 | 100707 |
| **Consumers Energy Co.** | **Consumers Energy Co.** | **Consumers Energy Co.** |
| 4.65%, 03/01/28 *(a)* | 75000 | 76245 |
| 3.80%, 11/15/28 *(a)* | 50000 | 49967 |
| 4.90%, 02/15/29 *(a)* | 75000 | 77272 |
| 4.60%, 05/30/29 *(a)* | 100000 | 102280 |
| 4.70%, 01/15/30 *(a)* | 100000 | 102708 |
| 4.50%, 01/15/31 *(a)* | 70000 | 71464 |
| **Dayton Power & Light Co.** | **Dayton Power & Light Co.** | **Dayton Power & Light Co.** |
| 4.55%, 08/15/30 *(a)* | 50000 | 50441 |
| **Dominion Energy, Inc.** | **Dominion Energy, Inc.** | **Dominion Energy, Inc.** |
| 4.60%, 05/15/28 *(a)* | 100000 | 101441 |
| 4.25%, 06/01/28 *(a)* | 100000 | 100696 |
| 3.38%, 04/01/30 *(a)* | 150000 | 146010 |
| 5.00%, 06/15/30 *(a)* | 110000 | 113359 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 6.88%, 02/01/55 *(a)(b)* | 250000 | 262435 |
| 6.00%, 02/15/56 *(a)(b)* | 200000 | 203234 |
| **DTE Electric Co.** | **DTE Electric Co.** | **DTE Electric Co.** |
| 1.90%, 04/01/28 *(a)* | 100000 | 96414 |
| 2.25%, 03/01/30 *(a)* | 100000 | 93887 |
| **DTE Energy Co.** | **DTE Energy Co.** | **DTE Energy Co.** |
| 4.88%, 06/01/28 *(a)* | 150000 | 152920 |
| 5.10%, 03/01/29 *(a)* | 200000 | 205854 |
| 3.40%, 06/15/29 *(a)* | 100000 | 98090 |
| 5.20%, 04/01/30 *(a)* | 150000 | 155709 |
| **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** |
| 3.95%, 11/15/28 *(a)* | 100000 | 100381 |
| 2.45%, 08/15/29 *(a)* | 100000 | 95389 |
| 4.85%, 03/15/30 *(a)* | 100000 | 103455 |
| **Duke Energy Corp.** | **Duke Energy Corp.** | **Duke Energy Corp.** |
| 5.00%, 12/08/27 *(a)* | 150000 | 152922 |
| 4.30%, 03/15/28 *(a)* | 150000 | 151188 |
| 4.85%, 01/05/29 *(a)* | 125000 | 128124 |
| 3.40%, 06/15/29 *(a)* | 100000 | 98344 |
| 2.45%, 06/01/30 *(a)* | 100000 | 93714 |
| **Duke Energy Florida LLC** | **Duke Energy Florida LLC** | **Duke Energy Florida LLC** |
| 2.50%, 12/01/29 *(a)* | 100000 | 95241 |
| 1.75%, 06/15/30 *(a)* | 60000 | 54675 |
| 4.20%, 12/01/30 *(a)* | 75000 | 75532 |
| **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** |
| 3.65%, 02/01/29 *(a)* | 75000 | 74726 |
| 2.13%, 06/01/30 *(a)* | 50000 | 46317 |
| **Duke Energy Progress LLC** | **Duke Energy Progress LLC** | **Duke Energy Progress LLC** |
| 4.35%, 03/06/27  | 100000 | 100678 |
| 3.45%, 03/15/29 *(a)* | 75000 | 74166 |
| **Edison International** | **Edison International** | **Edison International** |
| 5.75%, 06/15/27 *(a)* | 150000 | 152365 |
| 4.13%, 03/15/28 *(a)* | 100000 | 99534 |
| 5.25%, 11/15/28 *(a)* | 100000 | 101941 |
| 6.95%, 11/15/29 *(a)* | 75000 | 80749 |
| 6.25%, 03/15/30 *(a)* | 100000 | 105721 |
| **Enel Chile SA** | **Enel Chile SA** | **Enel Chile SA** |
| 4.88%, 06/12/28 *(a)* | 150000 | 152421 |
| **Entergy Corp.** | **Entergy Corp.** | **Entergy Corp.** |
| 1.90%, 06/15/28 *(a)* | 100000 | 95578 |
| 2.80%, 06/15/30 *(a)* | 70000 | 66212 |
| 7.13%, 12/01/54 *(a)(b)* | 150000 | 157098 |
| **Entergy Louisiana LLC** | **Entergy Louisiana LLC** | **Entergy Louisiana LLC** |
| 3.25%, 04/01/28 *(a)* | 100000 | 99117 |
| **Entergy Mississippi LLC** | **Entergy Mississippi LLC** | **Entergy Mississippi LLC** |
| 2.85%, 06/01/28 *(a)* | 150000 | 147000 |
| **Evergy Metro, Inc.** | **Evergy Metro, Inc.** | **Evergy Metro, Inc.** |
| 2.25%, 06/01/30 *(a)* | 50000 | 46661 |
| **Evergy, Inc.** | **Evergy, Inc.** | **Evergy, Inc.** |
| 2.90%, 09/15/29 *(a)* | 100000 | 96150 |
| 6.65%, 06/01/55 *(a)(b)* | 70000 | 72233 |
| **Eversource Energy** | **Eversource Energy** | **Eversource Energy** |
| 4.60%, 07/01/27 *(a)* | 100000 | 100749 |
| 3.30%, 01/15/28 *(a)* | 150000 | 148167 |
| 5.45%, 03/01/28 *(a)* | 225000 | 230953 |
| 5.95%, 02/01/29 *(a)* | 125000 | 131189 |
| 4.25%, 04/01/29 *(a)* | 50000 | 50215 |
| 1.65%, 08/15/30 *(a)* | 70000 | 62611 |
| 4.45%, 12/15/30 *(a)* | 75000 | 75568 |
| **Exelon Corp.** | **Exelon Corp.** | **Exelon Corp.** |
| 2.75%, 03/15/27 *(a)* | 150000 | 148263 |
| 5.15%, 03/15/28 *(a)* | 100000 | 102333 |
| 5.15%, 03/15/29 *(a)* | 100000 | 103352 |
| 4.05%, 04/15/30 *(a)* | 150000 | 149620 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**125**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **FirstEnergy Corp.** | **FirstEnergy Corp.** | **FirstEnergy Corp.** |
| 3.90%, 07/15/27 *(a)(g)* | 200000 | 200448 |
| 2.65%, 03/01/30 *(a)* | 100000 | 94519 |
| 2.25%, 09/01/30 *(a)* | 50000 | 45942 |
| **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** |
| 4.55%, 01/15/30 *(a)* | 50000 | 50745 |
| **Florida Power & Light Co.** | **Florida Power & Light Co.** | **Florida Power & Light Co.** |
| 5.05%, 04/01/28 *(a)* | 150000 | 153837 |
| 4.40%, 05/15/28 *(a)* | 100000 | 101334 |
| 5.15%, 06/15/29 *(a)* | 100000 | 104130 |
| 4.63%, 05/15/30 *(a)* | 50000 | 51277 |
| **Georgia Power Co.** | **Georgia Power Co.** | **Georgia Power Co.** |
| 3.25%, 03/30/27 *(a)* | 50000 | 49755 |
| 4.65%, 05/16/28 *(a)* | 100000 | 101667 |
| 4.00%, 10/01/28 *(a)* | 100000 | 100557 |
| 2.65%, 09/15/29 *(a)* | 100000 | 95882 |
| 4.55%, 03/15/30 *(a)* | 100000 | 102018 |
| **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** |
| 3.85%, 05/15/28 *(a)* | 100000 | 100043 |
| **Interstate Power & Light Co.** | **Interstate Power & Light Co.** | **Interstate Power & Light Co.** |
| 4.10%, 09/26/28 *(a)* | 100000 | 100414 |
| 3.60%, 04/01/29 *(a)* | 100000 | 99167 |
| 2.30%, 06/01/30 *(a)* | 50000 | 46678 |
| **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** |
| 4.25%, 05/01/30 *(a)* | 100000 | 98980 |
| **ITC Holdings Corp.** | **ITC Holdings Corp.** | **ITC Holdings Corp.** |
| 3.35%, 11/15/27 *(a)* | 150000 | 148627 |
| **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** |
| 4.15%, 01/15/29 *(a)(d)* | 50000 | 50157 |
| 4.40%, 01/15/31 *(a)(d)* | 70000 | 70428 |
| **MidAmerican Energy Co.** | **MidAmerican Energy Co.** | **MidAmerican Energy Co.** |
| 3.65%, 04/15/29 *(a)* | 100000 | 99547 |
| **National Grid PLC** | **National Grid PLC** | **National Grid PLC** |
| 5.60%, 06/12/28 *(a)* | 150000 | 155185 |
| **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** |
| 5.10%, 05/06/27 *(a)* | 50000 | 50699 |
| 4.12%, 09/16/27 *(a)* | 100000 | 100491 |
| 3.95%, 12/10/27  | 100000 | 100351 |
| 3.40%, 02/07/28 *(a)* | 125000 | 124201 |
| 4.75%, 02/07/28 *(a)* | 100000 | 101744 |
| 4.80%, 03/15/28 *(a)* | 100000 | 101915 |
| 4.15%, 08/25/28 *(a)* | 90000 | 90645 |
| 5.05%, 09/15/28 *(a)* | 75000 | 77060 |
| 4.85%, 02/07/29 *(a)* | 125000 | 128382 |
| 3.70%, 03/15/29 *(a)* | 75000 | 74649 |
| 4.95%, 02/07/30 *(a)* | 75000 | 77691 |
| 2.40%, 03/15/30 *(a)* | 100000 | 94094 |
| 4.30%, 12/10/30 *(a)* | 100000 | 100925 |
| 7.13%, 09/15/53 *(a)(b)* | 100000 | 104931 |
| **Nevada Power Co.** | **Nevada Power Co.** | **Nevada Power Co.** |
| 3.70%, 05/01/29 *(a)* | 200000 | 198684 |
| 2.40%, 05/01/30 *(a)* | 50000 | 46767 |
| 6.25%, 05/15/55 *(a)(b)* | 50000 | 50713 |
| **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** |
| 3.55%, 05/01/27 *(a)* | 250000 | 249120 |
| 4.63%, 07/15/27 *(a)* | 250000 | 252385 |
| 4.69%, 09/01/27  | 270000 | 273118 |
| 4.85%, 02/04/28  | 100000 | 101843 |
| 4.90%, 02/28/28 *(a)* | 200000 | 203656 |
| 1.90%, 06/15/28 *(a)* | 225000 | 215442 |
| 4.90%, 03/15/29 *(a)* | 200000 | 205444 |
| 3.50%, 04/01/29 *(a)* | 75000 | 73997 |
| 2.75%, 11/01/29 *(a)* | 125000 | 119867 |
| 5.00%, 02/28/30 *(a)(e)* | 150000 | 155232 |
| 5.05%, 03/15/30 *(a)* | 100000 | 103668 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 2.25%, 06/01/30 *(a)* | 230000 | 213415 |
| 6.70%, 09/01/54 *(a)(b)* | 100000 | 103914 |
| 6.38%, 08/15/55 *(a)(b)* | 200000 | 208036 |
| 4.80%, 12/01/77 *(a)(b)* | 100000 | 99227 |
| 5.65%, 05/01/79 *(a)(b)* | 75000 | 76033 |
| 3.80%, 03/15/82 *(a)(b)* | 100000 | 98639 |
| **NSTAR Electric Co.** | **NSTAR Electric Co.** | **NSTAR Electric Co.** |
| 3.20%, 05/15/27 *(a)* | 150000 | 149137 |
| 4.85%, 03/01/30 *(a)* | 100000 | 102972 |
| 3.95%, 04/01/30 *(a)* | 75000 | 74702 |
| **OGE Energy Corp.** | **OGE Energy Corp.** | **OGE Energy Corp.** |
| 5.45%, 05/15/29 *(a)* | 75000 | 78205 |
| **Ohio Power Co.** | **Ohio Power Co.** | **Ohio Power Co.** |
| 2.60%, 04/01/30 *(a)* | 50000 | 47243 |
| 1.63%, 01/15/31 *(a)* | 50000 | 44331 |
| **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** |
| 3.30%, 03/15/30 *(a)* | 100000 | 97141 |
| **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** |
| 4.50%, 03/20/27 *(d)* | 100000 | 100870 |
| 3.70%, 11/15/28 *(a)* | 100000 | 99581 |
| 5.75%, 03/15/29 *(a)* | 75000 | 78746 |
| 4.65%, 11/01/29 *(a)* | 75000 | 76735 |
| 2.75%, 05/15/30 *(a)* | 100000 | 95462 |
| **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** |
| 3.30%, 03/15/27 *(a)* | 50000 | 49640 |
| 5.45%, 06/15/27 *(a)* | 100000 | 101652 |
| 2.10%, 08/01/27 *(a)* | 150000 | 146193 |
| 3.30%, 12/01/27 *(a)* | 150000 | 148159 |
| 5.00%, 06/04/28 *(a)* | 50000 | 50941 |
| 3.00%, 06/15/28 *(a)* | 100000 | 97719 |
| 3.75%, 07/01/28  | 100000 | 99379 |
| 4.65%, 08/01/28 *(a)* | 100000 | 101259 |
| 6.10%, 01/15/29 *(a)* | 150000 | 157635 |
| 4.20%, 03/01/29 *(a)* | 50000 | 50056 |
| 5.55%, 05/15/29 *(a)* | 125000 | 129987 |
| 4.55%, 07/01/30 *(a)* | 450000 | 452128 |
| 2.50%, 02/01/31 *(a)* | 275000 | 251485 |
| **PacifiCorp** | **PacifiCorp** | **PacifiCorp** |
| 5.10%, 02/15/29 *(a)* | 75000 | 77152 |
| 3.50%, 06/15/29 *(a)* | 50000 | 49018 |
| 2.70%, 09/15/30 *(a)* | 50000 | 46643 |
| 5.30%, 02/15/31 *(a)* | 100000 | 103813 |
| **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** |
| 5.15%, 05/15/30 *(a)* | 100000 | 103654 |
| **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** |
| 4.13%, 04/15/30 *(a)* | 60000 | 60088 |
| **Public Service Co. of Colorado** | **Public Service Co. of Colorado** | **Public Service Co. of Colorado** |
| 1.90%, 01/15/31 *(a)* | 50000 | 45058 |
| **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** |
| 4.40%, 07/01/28  | 40000 | 40530 |
| **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** |
| 3.70%, 05/01/28 *(a)* | 75000 | 74835 |
| 3.20%, 05/15/29 *(a)* | 100000 | 98147 |
| 4.20%, 01/01/31 *(a)* | 70000 | 70521 |
| **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** |
| 5.85%, 11/15/27 *(a)* | 100000 | 103133 |
| 5.88%, 10/15/28 *(a)* | 100000 | 104511 |
| 5.20%, 04/01/29 *(a)* | 100000 | 103378 |
| 4.90%, 03/15/30 *(a)* | 100000 | 102951 |
| 1.60%, 08/15/30 *(a)* | 60000 | 53819 |
| **Puget Energy, Inc.** | **Puget Energy, Inc.** | **Puget Energy, Inc.** |
| 2.38%, 06/15/28 *(a)* | 100000 | 96394 |
| 4.10%, 06/15/30 *(a)* | 70000 | 69138 |

---

*See financial notes*

**126**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** |
| 4.95%, 08/15/28 *(a)* | 100000 | 102661 |
| 1.70%, 10/01/30 *(a)* | 100000 | 90107 |
| **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** |
| 6.20%, 12/15/55 *(a)(b)* | 50000 | 49784 |
| **Southern California Edison Co.** | **Southern California Edison Co.** | **Southern California Edison Co.** |
| 4.70%, 06/01/27 *(a)* | 150000 | 151203 |
| 3.65%, 03/01/28 *(a)* | 200000 | 198664 |
| 5.30%, 03/01/28 *(a)* | 125000 | 127929 |
| 5.65%, 10/01/28 *(a)* | 100000 | 103772 |
| 4.20%, 03/01/29 *(a)* | 75000 | 75099 |
| 5.15%, 06/01/29 *(a)* | 75000 | 77166 |
| 2.85%, 08/01/29 *(a)* | 100000 | 95797 |
| 5.25%, 03/15/30 *(a)* | 100000 | 103463 |
| 2.25%, 06/01/30 *(a)* | 60000 | 55202 |
| **Southern Co.** | **Southern Co.** | **Southern Co.** |
| 5.11%, 08/01/27 *(g)* | 100000 | 101661 |
| 4.85%, 06/15/28 *(a)* | 100000 | 102025 |
| 5.50%, 03/15/29 *(a)* | 150000 | 156348 |
| 3.70%, 04/30/30 *(a)* | 150000 | 147747 |
| **Southern Power Co.** | **Southern Power Co.** | **Southern Power Co.** |
| 4.25%, 10/01/30 *(a)* | 80000 | 80406 |
| **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** |
| 4.10%, 09/15/28 *(a)* | 100000 | 100228 |
| **System Energy Resources, Inc.** | **System Energy Resources, Inc.** | **System Energy Resources, Inc.** |
| 6.00%, 04/15/28 *(a)* | 100000 | 103819 |
| **Tampa Electric Co.** | **Tampa Electric Co.** | **Tampa Electric Co.** |
| 4.90%, 03/01/29 *(a)* | 75000 | 77042 |
| **Tucson Electric Power Co.** | **Tucson Electric Power Co.** | **Tucson Electric Power Co.** |
| 1.50%, 08/01/30 *(a)* | 30000 | 26837 |
| **Union Electric Co.** | **Union Electric Co.** | **Union Electric Co.** |
| 3.50%, 03/15/29 *(a)* | 75000 | 74226 |
| 2.95%, 03/15/30 *(a)* | 100000 | 96138 |
| **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** |
| 3.50%, 03/15/27 *(a)* | 100000 | 99664 |
| 3.75%, 05/15/27 *(a)* | 150000 | 149947 |
| 3.80%, 04/01/28 *(a)* | 100000 | 99916 |
| 2.88%, 07/15/29 *(a)* | 75000 | 72566 |
| **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** |
| 5.15%, 10/01/27 *(a)* | 50000 | 50912 |
| 1.38%, 10/15/27 *(a)* | 150000 | 144234 |
| 4.75%, 01/15/28 *(a)* | 100000 | 101576 |
| 2.20%, 12/15/28 *(a)* | 75000 | 71674 |
| 1.80%, 10/15/30 *(a)* | 40000 | 36009 |
| **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** |
| 5.00%, 05/15/29 *(a)* | 50000 | 51656 |
| 4.15%, 10/15/30 *(a)* | 70000 | 70417 |
| **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** |
| 4.25%, 01/15/31 *(a)* | 40000 | 40377 |
| **Xcel Energy, Inc.** | **Xcel Energy, Inc.** | **Xcel Energy, Inc.** |
| 1.75%, 03/15/27 *(a)* | 100000 | 97820 |
| 4.00%, 06/15/28 *(a)* | 100000 | 100211 |
| 2.60%, 12/01/29 *(a)* | 75000 | 71182 |
| 3.40%, 06/01/30 *(a)* | 70000 | 67978 |
|  |  | **25154928** |
| ***Natural Gas 0.2%***  | ***Natural Gas 0.2%***  | ***Natural Gas 0.2%***  |
| **Atmos Energy Corp.** | **Atmos Energy Corp.** | **Atmos Energy Corp.** |
| 3.00%, 06/15/27 *(a)* | 75000 | 74416 |
| 2.63%, 09/15/29 *(a)* | 100000 | 96069 |
| 1.50%, 01/15/31 *(a)* | 70000 | 62336 |
| **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** |
| 5.25%, 03/01/28 *(a)* | 200000 | 205346 |
| 1.75%, 10/01/30 *(a)* | 60000 | 54125 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **NiSource, Inc.** | **NiSource, Inc.** | **NiSource, Inc.** |
| 3.49%, 05/15/27 *(a)* | 100000 | 99498 |
| 5.25%, 03/30/28 *(a)* | 150000 | 153793 |
| 5.20%, 07/01/29 *(a)* | 100000 | 103553 |
| 2.95%, 09/01/29 *(a)* | 100000 | 96655 |
| 3.60%, 05/01/30 *(a)* | 100000 | 98160 |
| 1.70%, 02/15/31 *(a)* | 75000 | 66516 |
| 6.95%, 11/30/54 *(a)(b)* | 75000 | 78448 |
| **ONE Gas, Inc.** | **ONE Gas, Inc.** | **ONE Gas, Inc.** |
| 5.10%, 04/01/29 *(a)* | 75000 | 77566 |
| **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** |
| 3.50%, 06/01/29 *(a)* | 75000 | 74026 |
| **Sempra** | **Sempra** | **Sempra** |
| 3.25%, 06/15/27 *(a)* | 100000 | 99126 |
| 3.40%, 02/01/28 *(a)* | 150000 | 148465 |
| 3.70%, 04/01/29 *(a)* | 75000 | 74237 |
| 4.13%, 04/01/52 *(a)(b)* | 200000 | 197644 |
| 6.88%, 10/01/54 *(a)(b)* | 150000 | 154698 |
| 6.63%, 04/01/55 *(a)(b)* | 50000 | 50895 |
| **Southern California Gas Co.** | **Southern California Gas Co.** | **Southern California Gas Co.** |
| 2.95%, 04/15/27 *(a)* | 100000 | 99068 |
| 2.55%, 02/01/30 *(a)* | 100000 | 94923 |
| **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** |
| 4.05%, 09/15/28 *(a)* | 60000 | 60193 |
| 1.75%, 01/15/31 *(a)* | 60000 | 53690 |
| **Southwest Gas Corp.** | **Southwest Gas Corp.** | **Southwest Gas Corp.** |
| 5.45%, 03/23/28 *(a)* | 100000 | 102807 |
| 3.70%, 04/01/28 *(a)* | 50000 | 49855 |
| 2.20%, 06/15/30 *(a)* | 50000 | 46209 |
|  |  | **2572317** |
| ***Utility Other 0.0%***  | ***Utility Other 0.0%***  | ***Utility Other 0.0%***  |
| **American Water Capital Corp.** | **American Water Capital Corp.** | **American Water Capital Corp.** |
| 2.95%, 09/01/27 *(a)* | 100000 | 98857 |
| 3.75%, 09/01/28 *(a)* | 100000 | 99913 |
| 2.80%, 05/01/30 *(a)* | 100000 | 95669 |
| **Essential Utilities, Inc.** | **Essential Utilities, Inc.** | **Essential Utilities, Inc.** |
| 4.80%, 08/15/27 *(a)* | 50000 | 50575 |
| 3.57%, 05/01/29 *(a)* | 75000 | 73962 |
| 2.70%, 04/15/30 *(a)* | 50000 | 47339 |
| **United Utilities PLC** | **United Utilities PLC** | **United Utilities PLC** |
| 6.88%, 08/15/28  | 75000 | 79866 |
|  |  | **546181** |
|  |  | **28273426** |
| **Total Corporates** <br>**(Cost $399,114,363)** | **Total Corporates** <br>**(Cost $399,114,363)** | **406566405** |
| **TREASURIES** 68.6% OF NET ASSETS | **TREASURIES** 68.6% OF NET ASSETS | **TREASURIES** 68.6% OF NET ASSETS |
| **U.S. Treasury Bonds** | **U.S. Treasury Bonds** | **U.S. Treasury Bonds** |
| 6.38%, 08/15/27  | 999800 | 1041569 |
| 6.13%, 11/15/27  | 1100000 | 1149307 |
| 5.50%, 08/15/28  | 800000 | 839563 |
| 5.25%, 11/15/28  | 1300000 | 1362004 |
| 5.25%, 02/15/29  | 700000 | 737734 |
| 6.13%, 08/15/29  | 500000 | 543535 |
| 6.25%, 05/15/30  | 1000000 | 1107617 |
| 5.38%, 02/15/31  | 1300000 | 1407859 |
| **U.S. Treasury Notes** | **U.S. Treasury Notes** | **U.S. Treasury Notes** |
| 4.25%, 03/15/27  | 7425200 | 7481324 |
| 0.63%, 03/31/27  | 3100200 | 3007133 |
| 2.50%, 03/31/27  | 6800200 | 6728878 |
| 3.88%, 03/31/27  | 9250000 | 9286494 |
| 4.50%, 04/15/27  | 8150200 | 8239820 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**127**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 0.50%, 04/30/27  | 4100200 | 3963019 |
| 2.75%, 04/30/27  | 6400200 | 6347323 |
| 3.75%, 04/30/27  | 9650000 | 9678837 |
| 2.38%, 05/15/27  | 7200000 | 7106203 |
| 4.50%, 05/15/27  | 7800000 | 7892320 |
| 0.50%, 05/31/27  | 4299800 | 4145528 |
| 2.63%, 05/31/27  | 6500000 | 6432461 |
| 3.88%, 05/31/27  | 9600000 | 9646500 |
| 4.63%, 06/15/27  | 8000000 | 8115938 |
| 0.50%, 06/30/27  | 5049800 | 4857474 |
| 3.25%, 06/30/27  | 6650000 | 6632726 |
| 3.75%, 06/30/27  | 9800000 | 9837516 |
| 4.38%, 07/15/27  | 8100000 | 8200459 |
| 0.38%, 07/31/27  | 5899800 | 5652285 |
| 2.75%, 07/31/27  | 6500000 | 6438301 |
| 3.88%, 07/31/27  | 9750000 | 9807891 |
| 2.25%, 08/15/27  | 5750000 | 5654092 |
| 3.75%, 08/15/27  | 7900000 | 7934562 |
| 0.50%, 08/31/27  | 4900000 | 4692994 |
| 3.13%, 08/31/27  | 6100000 | 6072955 |
| 3.63%, 08/31/27  | 9400000 | 9425703 |
| 3.38%, 09/15/27  | 8000000 | 7993438 |
| 0.38%, 09/30/27  | 6750000 | 6437417 |
| 3.50%, 09/30/27  | 10200000 | 10211754 |
| 4.13%, 09/30/27  | 6100000 | 6165408 |
| 3.88%, 10/15/27  | 8200000 | 8258297 |
| 0.50%, 10/31/27  | 6300000 | 6005795 |
| 3.50%, 10/31/27  | 9550000 | 9561751 |
| 4.13%, 10/31/27  | 5900000 | 5966721 |
| 2.25%, 11/15/27  | 6000000 | 5885625 |
| 4.13%, 11/15/27  | 8150000 | 8245349 |
| 0.63%, 11/30/27  | 6700000 | 6387508 |
| 3.38%, 11/30/27  | 11875000 | 11868738 |
| 3.88%, 11/30/27  | 6150000 | 6198167 |
| 4.00%, 12/15/27  | 8020000 | 8102550 |
| 0.63%, 12/31/27  | 7750000 | 7372793 |
| 3.38%, 12/31/27  | 14900000 | 14893598 |
| 3.88%, 12/31/27  | 5725000 | 5772857 |
| 4.25%, 01/15/28  | 8150000 | 8274638 |
| 0.75%, 01/31/28  | 8400000 | 7992961 |
| 3.50%, 01/31/28  | 15700000 | 15731277 |
| 2.75%, 02/15/28  | 8150000 | 8053856 |
| 4.25%, 02/15/28  | 7650000 | 7773864 |
| 1.13%, 02/29/28  | 8100000 | 7750055 |
| 3.38%, 02/29/28  | 10200000 | 10197809 |
| 4.00%, 02/29/28  | 5250000 | 5311216 |
| 3.88%, 03/15/28  | 7500000 | 7572363 |
| 1.25%, 03/31/28  | 7350000 | 7038199 |
| 3.63%, 03/31/28  | 5200000 | 5224578 |
| 3.75%, 04/15/28  | 8050000 | 8109117 |
| 1.25%, 04/30/28  | 8150000 | 7790572 |
| 3.50%, 04/30/28  | 5300000 | 5312215 |
| 2.88%, 05/15/28  | 8100000 | 8012988 |
| 3.75%, 05/15/28  | 7650000 | 7708570 |
| 1.25%, 05/31/28  | 8100000 | 7729805 |
| 3.63%, 05/31/28  | 5375000 | 5402925 |
| 3.88%, 06/15/28  | 7800000 | 7885312 |
| 1.25%, 06/30/28  | 7500000 | 7145508 |
| 4.00%, 06/30/28  | 5700000 | 5779711 |
| 3.88%, 07/15/28  | 7700000 | 7785422 |
| 1.00%, 07/31/28  | 8275000 | 7823107 |
| 4.13%, 07/31/28  | 5700000 | 5798637 |
| 2.88%, 08/15/28  | 8350000 | 8251496 |
| 3.63%, 08/15/28  | 8850000 | 8901510 |
| 1.13%, 08/31/28  | 8180000 | 7742562 |
| 4.38%, 08/31/28  | 6225000 | 6371628 |
| 3.38%, 09/15/28  | 8150000 | 8148090 |
| 1.25%, 09/30/28  | 8600000 | 8149844 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 4.63%, 09/30/28  | 6800000 | 7007453 |
| 3.50%, 10/15/28  | 7950000 | 7972049 |
| 1.38%, 10/31/28  | 7600000 | 7214359 |
| 4.88%, 10/31/28  | 7250000 | 7522158 |
| 3.13%, 11/15/28  | 8000000 | 7946875 |
| 3.50%, 11/15/28  | 8175000 | 8198950 |
| 1.50%, 11/30/28  | 7600000 | 7227422 |
| 4.38%, 11/30/28  | 7800000 | 8000180 |
| 3.50%, 12/15/28  | 8050000 | 8074213 |
| 1.38%, 12/31/28  | 7650000 | 7238812 |
| 3.75%, 12/31/28  | 8775000 | 8861036 |
| 3.50%, 01/15/29  | 8900000 | 8927465 |
| 1.75%, 01/31/29  | 7200000 | 6874313 |
| 4.00%, 01/31/29  | 9100000 | 9253207 |
| 2.63%, 02/15/29  | 8150000 | 7975539 |
| 3.50%, 02/15/29  | 9500000 | 9530801 |
| 1.88%, 02/28/29  | 6500000 | 6220957 |
| 4.25%, 02/28/29  | 8600000 | 8808617 |
| 2.38%, 03/31/29  | 6150000 | 5967182 |
| 4.13%, 03/31/29  | 9200000 | 9395141 |
| 2.88%, 04/30/29  | 5900000 | 5807121 |
| 4.63%, 04/30/29  | 9250000 | 9586035 |
| 2.38%, 05/15/29  | 6800000 | 6589891 |
| 2.75%, 05/31/29  | 5900000 | 5781309 |
| 4.50%, 05/31/29  | 9200000 | 9506187 |
| 3.25%, 06/30/29  | 5500000 | 5472070 |
| 4.25%, 06/30/29  | 9300000 | 9543035 |
| 2.63%, 07/31/29  | 5500000 | 5360996 |
| 4.00%, 07/31/29  | 9400000 | 9575148 |
| 1.63%, 08/15/29  | 6100000 | 5749965 |
| 3.13%, 08/31/29  | 5200000 | 5148406 |
| 3.63%, 08/31/29  | 9575000 | 9635966 |
| 3.50%, 09/30/29  | 9600000 | 9621375 |
| 3.88%, 09/30/29  | 4801000 | 4871702 |
| 4.00%, 10/31/29  | 5051000 | 5147679 |
| 4.13%, 10/31/29  | 9400000 | 9620680 |
| 1.75%, 11/15/29  | 4650000 | 4382080 |
| 3.88%, 11/30/29  | 4500000 | 4567324 |
| 4.13%, 11/30/29  | 9575000 | 9801658 |
| 3.88%, 12/31/29  | 4900000 | 4974074 |
| 4.38%, 12/31/29  | 9475000 | 9787009 |
| 3.50%, 01/31/30  | 4800000 | 4808250 |
| 4.25%, 01/31/30  | 9575000 | 9850655 |
| 1.50%, 02/15/30  | 7800000 | 7244250 |
| 4.00%, 02/28/30  | 14300000 | 14584883 |
| 3.63%, 03/31/30  | 4800000 | 4828875 |
| 4.00%, 03/31/30  | 9400000 | 9589836 |
| 3.50%, 04/30/30  | 4750000 | 4754824 |
| 3.88%, 04/30/30  | 9455000 | 9601626 |
| 0.63%, 05/15/30  | 10800000 | 9606516 |
| 3.75%, 05/31/30  | 4500000 | 4547461 |
| 4.00%, 05/31/30  | 9550000 | 9745477 |
| 3.75%, 06/30/30  | 4700000 | 4749937 |
| 3.88%, 06/30/30  | 9825000 | 9978516 |
| 3.88%, 07/31/30  | 9575000 | 9726479 |
| 4.00%, 07/31/30  | 4600000 | 4695773 |
| 0.63%, 08/15/30  | 14250000 | 12579522 |
| 3.63%, 08/31/30  | 9825000 | 9876812 |
| 4.13%, 08/31/30  | 4900000 | 5026328 |
| 3.63%, 09/30/30  | 10150000 | 10203525 |
| 4.63%, 09/30/30  | 5100000 | 5340457 |
| 3.63%, 10/31/30  | 10700000 | 10754336 |
| 4.88%, 10/31/30  | 5250000 | 5556797 |
| 0.88%, 11/15/30  | 15175000 | 13455957 |
| 3.50%, 11/30/30  | 10550000 | 10545879 |
| 4.38%, 11/30/30  | 5450000 | 5653311 |
| 3.63%, 12/31/30  | 10300000 | 10349488 |
| 3.75%, 12/31/30  | 6400000 | 6464750 |

---

*See financial notes*

**128**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| 3.75%, 01/31/31  | 10150000 | 10255068 |
| 4.00%, 01/31/31  | 5500000 | 5616660 |
| 1.13%, 02/15/31  | 14700000 | 13122621 |
| 3.50%, 02/28/31  | 12000000 | 11991094 |
| 4.25%, 02/28/31  | 5900000 | 6092441 |
| **Total Treasuries** <br>**(Cost $1,122,046,452)** | **Total Treasuries** <br>**(Cost $1,122,046,452)** | **1137510368** |
| **GOVERNMENT RELATED** 6.0% OF NET ASSETS | **GOVERNMENT RELATED** 6.0% OF NET ASSETS | **GOVERNMENT RELATED** 6.0% OF NET ASSETS |
| **Agency 2.2%** | **Agency 2.2%** | **Agency 2.2%** |
| **Foreign 1.3%**  | **Foreign 1.3%**  | **Foreign 1.3%**  |
| ***Austria 0.1%***  | ***Austria 0.1%***  | ***Austria 0.1%***  |
| **Oesterreichische Kontrollbank AG** | **Oesterreichische Kontrollbank AG** | **Oesterreichische Kontrollbank AG** |
| 4.25%, 03/01/28  | 250000 | 253767 |
| 4.00%, 05/28/28  | 200000 | 202292 |
| 4.13%, 01/18/29  | 200000 | 203686 |
| 3.75%, 09/05/29  | 250000 | 252130 |
| 4.50%, 01/24/30  | 200000 | 206898 |
| 3.75%, 09/10/30  | 200000 | 201604 |
| 3.75%, 01/15/31  | 210000 | 211821 |
|  |  | **1532198** |
| ***Canada 0.1%***  | ***Canada 0.1%***  | ***Canada 0.1%***  |
| **CI Financial Corp.** | **CI Financial Corp.** | **CI Financial Corp.** |
| 3.20%, 12/17/30 *(a)* | 100000 | 91634 |
| **Export Development Canada** | **Export Development Canada** | **Export Development Canada** |
| 3.00%, 05/25/27  | 400000 | 397692 |
| 3.75%, 09/07/27  | 250000 | 251110 |
| 3.88%, 02/14/28 *(e)* | 500000 | 504060 |
| 4.13%, 02/13/29  | 500000 | 509740 |
| 4.00%, 06/20/30  | 250000 | 254650 |
|  |  | **2008886** |
| ***Germany 0.5%***  | ***Germany 0.5%***  | ***Germany 0.5%***  |
| **Kreditanstalt fuer Wiederaufbau** | **Kreditanstalt fuer Wiederaufbau** | **Kreditanstalt fuer Wiederaufbau** |
| 4.38%, 03/01/27 *(i)* | 700000 | 705747 |
| 3.00%, 05/20/27 *(i)* | 650000 | 646315 |
| 4.00%, 06/28/27 *(i)* | 390000 | 392703 |
| 3.50%, 08/27/27 *(i)* | 300000 | 300312 |
| 3.75%, 02/15/28 *(i)* | 500000 | 503185 |
| 2.88%, 04/03/28 *(i)* | 250000 | 247300 |
| 3.88%, 05/15/28 *(i)* | 450000 | 454356 |
| 3.88%, 06/15/28 *(i)* | 1000000 | 1009870 |
| 3.50%, 08/09/28 *(i)* | 390000 | 391240 |
| 4.00%, 03/15/29 *(i)* | 1000000 | 1016970 |
| 1.75%, 09/14/29 *(i)* | 100000 | 94411 |
| 4.63%, 03/18/30 *(i)* | 400000 | 417052 |
| 3.75%, 07/15/30 *(i)* | 650000 | 656441 |
| 0.75%, 09/30/30 *(i)* | 230000 | 203343 |
| 4.75%, 10/29/30 *(i)* | 290000 | 305167 |
| **Landwirtschaftliche Rentenbank** | **Landwirtschaftliche Rentenbank** | **Landwirtschaftliche Rentenbank** |
| 3.88%, 09/28/27 *(i)* | 200000 | 201286 |
| 2.50%, 11/15/27 *(i)* | 200000 | 196890 |
| 3.88%, 06/14/28 *(i)* | 200000 | 201890 |
| 4.63%, 04/17/29 *(i)* | 100000 | 103438 |
| 4.13%, 05/28/30 *(i)* | 300000 | 307020 |
| 0.88%, 09/03/30 *(i)* | 170000 | 151412 |
| 3.63%, 10/08/30 *(i)* | 200000 | 200814 |
|  |  | **8707162** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Japan 0.2%***  | ***Japan 0.2%***  | ***Japan 0.2%***  |
| **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** |
| 2.88%, 06/01/27  | 400000 | 396424 |
| 2.88%, 07/21/27  | 250000 | 247533 |
| 4.63%, 07/22/27  | 200000 | 202684 |
| 2.75%, 11/16/27  | 250000 | 246503 |
| 4.63%, 07/19/28  | 250000 | 255982 |
| 3.25%, 07/20/28  | 200000 | 198548 |
| 3.50%, 10/31/28  | 200000 | 199608 |
| 2.13%, 02/16/29  | 200000 | 191752 |
| 2.00%, 10/17/29  | 200000 | 188866 |
| 1.25%, 01/21/31  | 200000 | 178212 |
| **Japan International Cooperation Agency** | **Japan International Cooperation Agency** | **Japan International Cooperation Agency** |
| 2.75%, 04/27/27  | 200000 | 198056 |
| 4.00%, 05/23/28  | 250000 | 251815 |
| 4.75%, 05/21/29  | 200000 | 206538 |
| 4.25%, 05/22/30  | 200000 | 203878 |
|  |  | **3166399** |
| ***Norway 0.1%***  | ***Norway 0.1%***  | ***Norway 0.1%***  |
| **Equinor ASA** | **Equinor ASA** | **Equinor ASA** |
| 3.00%, 04/06/27 *(a)* | 100000 | 99414 |
| 4.25%, 06/02/28 *(a)* | 100000 | 101106 |
| 3.63%, 09/10/28 *(a)* | 250000 | 250060 |
| 3.13%, 04/06/30 *(a)* | 250000 | 242572 |
| 2.38%, 05/22/30 *(a)* | 100000 | 93984 |
| 4.50%, 09/03/30 *(a)* | 150000 | 153338 |
|  |  | **940474** |
| ***Republic of Korea 0.2%***  | ***Republic of Korea 0.2%***  | ***Republic of Korea 0.2%***  |
| **Export-Import Bank of Korea** | **Export-Import Bank of Korea** | **Export-Import Bank of Korea** |
| 2.38%, 04/21/27  | 200000 | 197274 |
| 5.00%, 01/11/28  | 200000 | 204902 |
| 4.63%, 01/14/28  | 200000 | 203664 |
| 5.13%, 09/18/28  | 200000 | 207250 |
| 4.50%, 01/11/29  | 200000 | 204916 |
| 4.88%, 01/14/30  | 200000 | 208376 |
| 3.75%, 09/22/30  | 200000 | 200330 |
| 3.88%, 01/13/31  | 500000 | 504035 |
| **Korea Development Bank** | **Korea Development Bank** | **Korea Development Bank** |
| 1.38%, 04/25/27  | 600000 | 584844 |
| 4.63%, 02/03/28  | 200000 | 203698 |
| 4.38%, 02/15/28  | 200000 | 202798 |
| 4.50%, 02/15/29  | 200000 | 205084 |
| 4.88%, 02/03/30  | 200000 | 208336 |
| 3.75%, 09/16/30  | 200000 | 200314 |
|  |  | **3535821** |
| ***Sweden 0.1%***  | ***Sweden 0.1%***  | ***Sweden 0.1%***  |
| **Svensk Exportkredit AB** | **Svensk Exportkredit AB** | **Svensk Exportkredit AB** |
| 2.25%, 03/22/27  | 250000 | 246535 |
| 3.75%, 09/13/27  | 200000 | 200734 |
| 3.75%, 05/08/28  | 250000 | 251200 |
| 4.13%, 06/14/28  | 200000 | 202560 |
| 4.25%, 02/01/29  | 200000 | 204152 |
| 3.75%, 07/29/30  | 200000 | 201330 |
|  |  | **1306511** |
|  |  | **21197451** |
| **U.S. 0.9%** | **U.S. 0.9%** | **U.S. 0.9%** |
| **Federal Farm Credit Banks Funding Corp.** |  |  |
| 4.13%, 03/20/29  | 500000 | 509535 |
| 4.75%, 04/30/29  | 500000 | 519240 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**129**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Federal Home Loan Banks** |  |  |
| 1.25%, 12/21/26  | 3000000 | 2945640 |
| 4.75%, 04/09/27  | 2000000 | 2027880 |
| 4.00%, 06/30/28  | 2000000 | 2027640 |
| 3.25%, 11/16/28  | 1000000 | 997310 |
| 4.13%, 06/14/30  | 1000000 | 1023360 |
| **Federal National Mortgage Association** |  |  |
| 0.75%, 10/08/27  | 3000000 | 2876640 |
| 7.25%, 05/15/30  | 1000000 | 1146440 |
| 0.88%, 08/05/30  | 1964000 | 1756248 |
|  |  | **15829933** |
|  |  | **37027384** |
| **Local Authority 0.6%** | **Local Authority 0.6%** | **Local Authority 0.6%** |
| **Foreign 0.5%**  | **Foreign 0.5%**  | **Foreign 0.5%**  |
| ***Canada 0.5%***  | ***Canada 0.5%***  | ***Canada 0.5%***  |
| **Hydro-Quebec** | **Hydro-Quebec** | **Hydro-Quebec** |
| 8.50%, 12/01/29  | 500000 | 582035 |
| **Province of Alberta** | **Province of Alberta** | **Province of Alberta** |
| 3.30%, 03/15/28  | 150000 | 149380 |
| 4.50%, 06/26/29  | 250000 | 257320 |
| 1.30%, 07/22/30  | 275000 | 249186 |
| **Province of British Columbia** | **Province of British Columbia** | **Province of British Columbia** |
| 4.70%, 01/24/28  | 500000 | 510925 |
| 4.80%, 11/15/28  | 300000 | 309990 |
| 4.90%, 04/24/29  | 400000 | 416160 |
| 3.90%, 08/27/30  | 400000 | 404368 |
| **Province of Manitoba** | **Province of Manitoba** | **Province of Manitoba** |
| 1.50%, 10/25/28  | 150000 | 142394 |
| **Province of Ontario** | **Province of Ontario** | **Province of Ontario** |
| 3.10%, 05/19/27  | 400000 | 398088 |
| 1.05%, 05/21/27  | 350000 | 339773 |
| 4.20%, 01/18/29  | 400000 | 407632 |
| 3.80%, 01/29/29  | 500000 | 504140 |
| 3.70%, 09/17/29  | 300000 | 301371 |
| 2.00%, 10/02/29  | 175000 | 165875 |
| 4.70%, 01/15/30  | 400000 | 415948 |
| 3.90%, 09/04/30  | 400000 | 404528 |
| 1.13%, 10/07/30  | 150000 | 134133 |
| **Province of Quebec** | **Province of Quebec** | **Province of Quebec** |
| 4.50%, 04/03/29  | 600000 | 616734 |
| 7.50%, 09/15/29  | 100000 | 112850 |
| 1.35%, 05/28/30  | 200000 | 181852 |
| 3.88%, 01/14/31  | 1000000 | 1008700 |
| **Province of Saskatchewan** | **Province of Saskatchewan** | **Province of Saskatchewan** |
| 3.25%, 06/08/27  | 225000 | 224017 |
| 4.65%, 01/28/30  | 100000 | 103502 |
|  |  | **8340901** |
| **U.S. 0.1%** | **U.S. 0.1%** | **U.S. 0.1%** |
| **Commonwealth of Massachusetts** |  |  |
| 4.91%, 05/01/29  | 60000 | 61286 |
| RB Series 2022 A |  |  |
| 3.77%, 07/15/29  | 50000 | 50197 |
| **New Jersey Economic Development Authority** |  |  |
| Series A |  |  |
| 7.43%, 02/15/29  | 160000 | 169105 |
| **Oregon School Boards Association** |  |  |
| 5.68%, 06/30/28  | 74754 | 76296 |
| **Port Authority of New York & New Jersey** |  |  |
| RB 2009 BAB |  |  |
| 6.04%, 12/01/29  | 100000 | 107817 |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **State Board of Administration Finance Corp.** |  |  |
| Series A |  |  |
| 1.71%, 07/01/27  | 100000 | 97459 |
| Series A |  |  |
| 2.15%, 07/01/30  | 150000 | 140155 |
| **State of California** |  |  |
| 2.50%, 10/01/29  | 100000 | 96470 |
| 4.88%, 09/01/30  | 50000 | 52525 |
| GO Bonds Series 2021A |  |  |
| 1.70%, 02/01/28  | 125000 | 120807 |
| GO Bonds Series 2024 |  |  |
| 5.13%, 09/01/29  | 150000 | 157860 |
| GO Bonds Series A |  |  |
| 3.05%, 04/01/29  | 50000 | 49290 |
| **State of Oregon** |  |  |
| GO Bonds (Pension Funding) Series <br> 2003<br>|  |  |
| 5.89%, 06/01/27  | 82784 | 83980 |
| **State of Wisconsin** |  |  |
| 3.15%, 05/01/27  | 100000 | 99459 |
| **State Public School Building Authority** |  |  |
| RB Series A |  |  |
| 5.00%, 09/15/27  | 19000 | 19358 |
| **Texas Department of Transportation State** <br> **Highway Fund**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| 5.18%, 04/01/30  | 150000 | 154431 |
| **University of California** |  |  |
| RB Series 2019 BD |  |  |
| 3.35%, 07/01/29  | 100000 | 99195 |
| RB Series 2020 BG |  |  |
| 1.32%, 05/15/27 *(a)* | 150000 | 145975 |
| RB Series BG |  |  |
| 1.61%, 05/15/30 *(a)* | 75000 | 69202 |
|  |  | **1850867** |
|  |  | **10191768** |
| **Sovereign 0.8%** | **Sovereign 0.8%** | **Sovereign 0.8%** |
| ***Canada 0.1%***  | ***Canada 0.1%***  | ***Canada 0.1%***  |
| **Canada Government International Bonds** | **Canada Government International Bonds** | **Canada Government International Bonds** |
| 3.75%, 04/26/28  | 600000 | 604080 |
| 4.63%, 04/30/29  | 400000 | 414308 |
| 4.00%, 03/18/30  | 500000 | 509460 |
|  |  | **1527848** |
| ***Chile 0.0%***  | ***Chile 0.0%***  | ***Chile 0.0%***  |
| **Chile Government International Bonds** | **Chile Government International Bonds** | **Chile Government International Bonds** |
| 3.24%, 02/06/28 *(a)* | 200000 | 197522 |
| 4.85%, 01/22/29 *(a)* | 200000 | 205050 |
| 2.45%, 01/31/31 *(a)* | 300000 | 276786 |
|  |  | **679358** |
| ***Indonesia 0.1%***  | ***Indonesia 0.1%***  | ***Indonesia 0.1%***  |
| **Indonesia Government International Bonds** | **Indonesia Government International Bonds** | **Indonesia Government International Bonds** |
| 4.15%, 09/20/27 *(a)* | 200000 | 200796 |
| 3.50%, 01/11/28  | 200000 | 198682 |
| 4.55%, 01/11/28 *(a)* | 200000 | 202318 |
| 4.10%, 04/24/28  | 200000 | 201038 |
| 3.40%, 09/18/29  | 200000 | 195582 |
| 5.25%, 01/15/30 *(a)* | 200000 | 207412 |
| 3.85%, 10/15/30  | 200000 | 197092 |
| 4.35%, 02/21/31 *(a)* | 200000 | 200050 |
|  |  | **1602970** |

---

*See financial notes*

**130**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Israel 0.1%***  | ***Israel 0.1%***  | ***Israel 0.1%***  |
| **Israel Government International Bonds** | **Israel Government International Bonds** | **Israel Government International Bonds** |
| 5.38%, 03/12/29  | 500000 | 515190 |
| 5.38%, 02/19/30  | 300000 | 310977 |
| 2.75%, 07/03/30  | 200000 | 187322 |
| 4.50%, 01/13/31  | 300000 | 300768 |
| **State of Israel** | **State of Israel** | **State of Israel** |
| 2.50%, 01/15/30  | 200000 | 186916 |
|  |  | **1501173** |
| ***Italy 0.0%***  | ***Italy 0.0%***  | ***Italy 0.0%***  |
| **Republic of Italy Government International Bonds** | **Republic of Italy Government International Bonds** | **Republic of Italy Government International Bonds** |
| 2.88%, 10/17/29  | 250000 | 242660 |
| ***Mexico 0.1%***  | ***Mexico 0.1%***  | ***Mexico 0.1%***  |
| **Mexico Government International Bonds** | **Mexico Government International Bonds** | **Mexico Government International Bonds** |
| 3.75%, 01/11/28  | 400000 | 397628 |
| 4.50%, 04/22/29  | 400000 | 402864 |
| 5.00%, 05/07/29 *(a)* | 200000 | 204332 |
| 3.25%, 04/16/30 *(a)* | 200000 | 190512 |
| 6.00%, 05/13/30 *(a)* | 200000 | 210464 |
|  |  | **1405800** |
| ***Panama 0.1%***  | ***Panama 0.1%***  | ***Panama 0.1%***  |
| **Panama Government International Bonds** | **Panama Government International Bonds** | **Panama Government International Bonds** |
| 8.88%, 09/30/27  | 200000 | 215046 |
| 3.88%, 03/17/28 *(a)* | 200000 | 198686 |
| 9.38%, 04/01/29  | 200000 | 230076 |
| 3.16%, 01/23/30 *(a)* | 200000 | 190004 |
|  |  | **833812** |
| ***Peru 0.0%***  | ***Peru 0.0%***  | ***Peru 0.0%***  |
| **Peru Government International Bonds** | **Peru Government International Bonds** | **Peru Government International Bonds** |
| 4.13%, 08/25/27  | 200000 | 201214 |
| 2.84%, 06/20/30  | 200000 | 189776 |
| 2.78%, 01/23/31 *(a)* | 400000 | 372312 |
|  |  | **763302** |
| ***Philippines 0.1%***  | ***Philippines 0.1%***  | ***Philippines 0.1%***  |
| **Philippines Government International Bonds** | **Philippines Government International Bonds** | **Philippines Government International Bonds** |
| 3.00%, 02/01/28  | 200000 | 196950 |
| 3.75%, 01/14/29  | 400000 | 397748 |
| 9.50%, 02/02/30  | 300000 | 359967 |
| 4.38%, 03/05/30  | 200000 | 203394 |
| 7.75%, 01/14/31  | 500000 | 579750 |
|  |  | **1737809** |
| ***Poland 0.1%***  | ***Poland 0.1%***  | ***Poland 0.1%***  |
| **Republic of Poland Government International Bonds** | **Republic of Poland Government International Bonds** | **Republic of Poland Government International Bonds** |
| 5.50%, 11/16/27 *(a)* | 200000 | 205972 |
| 4.63%, 03/18/29 *(a)* | 200000 | 205108 |
| 4.88%, 02/12/30  | 400000 | 414868 |
|  |  | **825948** |
| ***Republic of Korea 0.1%***  | ***Republic of Korea 0.1%***  | ***Republic of Korea 0.1%***  |
| **Korea International Bonds** | **Korea International Bonds** | **Korea International Bonds** |
| 3.63%, 02/12/29  | 200000 | 200644 |
| 2.50%, 06/19/29  | 200000 | 193396 |
| 4.50%, 07/03/29  | 200000 | 205750 |
| 3.63%, 10/29/30  | 200000 | 200184 |
|  |  | **799974** |

---

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Uruguay 0.0%***  | ***Uruguay 0.0%***  | ***Uruguay 0.0%***  |
| **Uruguay Government International Bonds** | **Uruguay Government International Bonds** | **Uruguay Government International Bonds** |
| 4.38%, 10/27/27  | 200000 | 201594 |
| 4.38%, 01/23/31 *(a)* | 350000 | 356314 |
|  |  | **557908** |
|  |  | **12478562** |
| **Supranational\* 2.4%** | **Supranational\* 2.4%** | **Supranational\* 2.4%** |
| **African Development Bank** | **African Development Bank** | **African Development Bank** |
| 4.38%, 11/03/27  | 250000 | 253738 |
| 4.38%, 03/14/28  | 400000 | 407288 |
| 3.88%, 06/12/28  | 260000 | 262460 |
| 3.50%, 09/18/29  | 200000 | 200116 |
| 4.00%, 03/18/30  | 300000 | 305496 |
| **Asian Development Bank** | **Asian Development Bank** | **Asian Development Bank** |
| 3.13%, 08/20/27  | 500000 | 497830 |
| 2.50%, 11/02/27  | 500000 | 492590 |
| 4.38%, 01/14/28  | 700000 | 711991 |
| 2.75%, 01/19/28  | 500000 | 493950 |
| 3.75%, 04/25/28  | 1000000 | 1006820 |
| 4.50%, 08/25/28  | 500000 | 513115 |
| 4.38%, 03/06/29  | 500000 | 513600 |
| 1.88%, 03/15/29  | 200000 | 191178 |
| 3.63%, 08/28/29  | 500000 | 502750 |
| 1.75%, 09/19/29  | 500000 | 471635 |
| 1.88%, 01/24/30  | 200000 | 188342 |
| 4.13%, 05/30/30  | 500000 | 512120 |
| 3.75%, 08/28/30  | 390000 | 393818 |
| 0.75%, 10/08/30  | 120000 | 105978 |
| **Asian Infrastructure Investment Bank** | **Asian Infrastructure Investment Bank** | **Asian Infrastructure Investment Bank** |
| 3.75%, 09/14/27  | 250000 | 251140 |
| 4.00%, 01/18/28  | 350000 | 353637 |
| 3.63%, 09/15/28  | 260000 | 261453 |
| 4.13%, 01/18/29  | 450000 | 458676 |
| 4.50%, 01/16/30  | 300000 | 310893 |
| **Corp. Andina de Fomento** | **Corp. Andina de Fomento** | **Corp. Andina de Fomento** |
| 6.00%, 04/26/27  | 100000 | 102641 |
| 4.13%, 01/07/28  | 300000 | 302484 |
| 4.13%, 06/30/28  | 100000 | 100942 |
| 5.00%, 01/24/29  | 200000 | 207138 |
| 5.00%, 01/22/30  | 300000 | 312774 |
| **Council of Europe Development Bank** | **Council of Europe Development Bank** | **Council of Europe Development Bank** |
| 4.63%, 06/11/27  | 100000 | 101422 |
| 3.63%, 01/26/28  | 200000 | 200656 |
| 3.63%, 05/08/28  | 100000 | 100364 |
| 4.13%, 01/24/29  | 200000 | 203812 |
| 4.50%, 01/15/30  | 200000 | 207118 |
| 3.75%, 01/14/31  | 140000 | 141226 |
| **European Bank for Reconstruction & Development** | **European Bank for Reconstruction & Development** | **European Bank for Reconstruction & Development** |
| 4.38%, 03/09/28  | 500000 | 509140 |
| 4.13%, 01/25/29  | 400000 | 407652 |
| **European Investment Bank** | **European Investment Bank** | **European Investment Bank** |
| 2.38%, 05/24/27  | 500000 | 493600 |
| 3.25%, 11/15/27  | 650000 | 648342 |
| 3.88%, 03/15/28  | 1000000 | 1009080 |
| 3.88%, 06/15/28  | 500000 | 505055 |
| 4.50%, 10/16/28  | 750000 | 770812 |
| 4.00%, 02/15/29  | 1000000 | 1016570 |
| 4.75%, 06/15/29  | 1000000 | 1040620 |
| 1.63%, 10/09/29  | 100000 | 93850 |
| 3.75%, 11/15/29  | 750000 | 757312 |
| 4.50%, 03/14/30  | 1000000 | 1037830 |
| 3.63%, 07/15/30  | 550000 | 552684 |
| 0.75%, 09/23/30  | 170000 | 150360 |
| 3.88%, 10/15/30  | 550000 | 558355 |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**131**

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Inter-American Development Bank** | **Inter-American Development Bank** | **Inter-American Development Bank** |
| 2.38%, 07/07/27  | 850000 | 838168 |
| 0.63%, 09/16/27  | 200000 | 191604 |
| 4.00%, 01/12/28  | 300000 | 303072 |
| 1.13%, 07/20/28  | 200000 | 189750 |
| 3.13%, 09/18/28  | 200000 | 198690 |
| 4.13%, 02/15/29  | 750000 | 764745 |
| 2.25%, 06/18/29  | 350000 | 337043 |
| 3.50%, 09/14/29  | 300000 | 300351 |
| 4.50%, 02/15/30  | 600000 | 622062 |
| 3.75%, 06/14/30  | 260000 | 262387 |
| 1.13%, 01/13/31  | 490000 | 437408 |
| **Inter-American Investment Corp.** | **Inter-American Investment Corp.** | **Inter-American Investment Corp.** |
| 4.75%, 09/19/28  | 200000 | 206176 |
| 3.63%, 11/20/28  | 140000 | 140532 |
| 4.25%, 04/01/30  | 200000 | 204868 |
| **International Bank for Reconstruction & Development** | **International Bank for Reconstruction & Development** | **International Bank for Reconstruction & Development** |
| 3.13%, 06/15/27  | 600000 | 597324 |
| 2.50%, 11/22/27  | 500000 | 492335 |
| 0.75%, 11/24/27  | 1000000 | 955560 |
| 1.38%, 04/20/28  | 750000 | 718665 |
| 3.63%, 05/05/28  | 500000 | 502110 |
| 3.50%, 07/12/28  | 550000 | 551386 |
| 4.63%, 08/01/28  | 750000 | 771375 |
| 1.13%, 09/13/28  | 750000 | 709117 |
| 3.63%, 09/21/29  | 300000 | 301623 |
| 3.88%, 10/16/29  | 750000 | 760320 |
| 1.75%, 10/23/29  | 250000 | 235415 |
| 3.88%, 02/14/30  | 700000 | 709877 |
| 4.13%, 03/20/30  | 750000 | 767655 |
| 0.88%, 05/14/30  | 500000 | 448965 |
| 4.00%, 07/25/30  | 400000 | 407868 |
| 0.75%, 08/26/30  | 340000 | 301288 |
| 3.50%, 10/28/30  | 920000 | 919209 |
| 4.00%, 01/10/31  | 700000 | 714196 |
| **International Finance Corp.** | **International Finance Corp.** | **International Finance Corp.** |
| 4.50%, 01/21/28  | 300000 | 305778 |
| 4.50%, 07/13/28  | 400000 | 410004 |
| 3.50%, 01/22/29  | 280000 | 280703 |
| 4.25%, 07/02/29  | 300000 | 307485 |
| 3.88%, 07/02/30  | 300000 | 304314 |
| 0.75%, 08/27/30  | 110000 | 97461 |
| **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** |
| 3.88%, 07/03/28  | 200000 | 201370 |
| **Nordic Investment Bank** | **Nordic Investment Bank** | **Nordic Investment Bank** |
| 3.38%, 09/08/27  | 200000 | 199810 |
| 4.38%, 03/14/28  | 250000 | 254610 |
| 4.25%, 02/28/29  | 200000 | 204654 |
| 3.75%, 05/09/30  | 250000 | 252205 |
| 3.75%, 01/23/31  | 200000 | 201862 |
|  |  | **40073853** |
| **Total Government Related** <br>**(Cost $98,351,256)** | **Total Government Related** <br>**(Cost $98,351,256)** | **99771567** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 0.5% OF NET ASSETS | **Short-Term Investments** 0.5% OF NET ASSETS | **Short-Term Investments** 0.5% OF NET ASSETS |
| **Money Market Funds 0.5%** | **Money Market Funds 0.5%** | **Money Market Funds 0.5%** |
| State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 3.63% *(j)*<br>| 6719794 | 6719794 |
| State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 3.63% *(j)(k)*<br>| 955453 | 955453 |
|  |  | **7675247** |
| **Total Short-Term Investments** <br>**(Cost $7,675,247)** | **Total Short-Term Investments** <br>**(Cost $7,675,247)** | **7675247** |
| **Total Investments in Securities** <br>**(Cost $1,627,187,318)** | **Total Investments in Securities** <br>**(Cost $1,627,187,318)** | **1651523587** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. 

*(a)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). 

*(b)* Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security. 

*(c)* Issuer is affiliated with the fund's investment adviser.

*(d)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $2,849,097 or 0.2% of net assets. 

*(e)* All or a portion of this security is on loan. Securities on loan were valued at $836,785. 

*(f)* Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. 

*(g)* Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. 

*(h)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis. 

*(i)* Guaranteed by the Republic of Germany.

*(j)* The rate shown is the annualized 7-day yield.

*(k)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| DAC — | Designated Activity Company |
| GO — | General obligation |
| RB — | Revenue bond |
| REIT — | Real Estate Investment Trust |

---

*See financial notes*

**132**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

Below is a summary of the fund's transactions with affiliated issuers during the period ended February 28, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY <br>RATE, MATURITY DATE<br>| VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE IN<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| ACCRETION OF<br> DISCOUNTS<br> (AMORTIZATION<br> OF PREMIUMS)<br>| VALUE AT<br> 2/28/26<br>| FACE AMOUNT<br> AT 2/28/26<br>| INTEREST<br> INCOME EARNED<br>|
| **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS |
| **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** |
| **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| 3.20%, 03/02/27<sup>(a),(b)</sup> <br>| $49382 | $— | $— | $— | $243 | $111 | $49736 | $50000 | $800 |
| 2.45%, 03/03/27<sup>(a),(b)</sup> <br>| 195446 |  |  |  | 779 | 1255 | 197480 | 200000 | 2450 |
| 3.30%, 04/01/27<sup>(a),(b)</sup> <br>| 49466 |  |  |  | 233 | 46 | 49745 | 50000 | 825 |
| 3.20%, 01/25/28<sup>(a),(b)</sup> <br>| 88347 |  |  |  | 135 | 769 | 89251 | 90000 | 1440 |
| 2.00%, 03/20/28<sup>(a),(b)</sup> <br>| 143071 |  |  |  | (297)<br>| 2111 | 144885 | 150000 | 1500 |
| 4.00%, 02/01/29<sup>(a),(b)</sup> <br>| 74998 |  |  |  | 273 | 273 | 75544 | 75000 | 1500 |
| 5.64%, 05/19/29<sup>(a),(b),(c)</sup> <br>| 156067 |  |  |  | (388)<br>| 15 | 155694 | 150000 | 4232 |
| 3.25%, 05/22/29<sup>(a),(b)</sup> <br>| 72995 |  |  |  | 355 | 408 | 73758 | 75000 | 1219 |
| 2.75%, 10/01/29<sup>(a),(b)</sup> <br>| 47547 |  |  |  | 156 | 399 | 48102 | 50000 | 688 |
| 6.20%, 11/17/29<sup>(a),(b),(c)</sup> <br>| 186272 |  |  |  | (584)<br>| (379)<br>| 185309 | 175000 | 5422 |
| 4.63%, 03/22/30<sup>(a)</sup> <br>| 51116 |  |  |  | 413 | (68)<br>| 51461 | 50000 | 1156 |
| 4.34%, 11/14/31<sup>(a),(b),(c)</sup> <br>|  | 120366 |  |  | 345 | (17)<br>| 120694 | 120000 | 1317 |
| **Total** | **$1114707** | **$120366** | **$—** | **$—** | **$1663** | **$4923** | **$1241659** |  | **$22549** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Issuer is affiliated with the fund's investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN <br>ACTIVE MARKETS FOR <br>IDENTICAL ASSETS <br>(LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT <br>OBSERVABLE INPUTS <br>(LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT <br>UNOBSERVABLE INPUTS <br>(LEVEL 3)<br>| TOTAL |
| **<u>Assets</u>** |  |  |  |  |
| Corporates<sup>1</sup> <br>| $— | &nbsp;&nbsp; $406566405 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $406566405 |
| Treasuries<sup>1</sup> <br>|  | &nbsp;&nbsp; 1137510368 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1137510368 |
| Government Related<sup>1</sup> <br>|  | &nbsp;&nbsp; 99771567 | &nbsp;&nbsp; — | &nbsp;&nbsp; 99771567 |
| Short-Term Investments<sup>1</sup> <br>| 7675247 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7675247 |
| **Total** | **$7675247** | &nbsp;&nbsp; **$1643848340** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$1651523587** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings.

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**133**

------

Schwab Short-Term Bond Index Fund

Statement of Assets and Liabilities

------

As of February 28, 2026; unaudited

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated issuers (cost $1,214,950)  |  | $1241659 |
| Investments in securities, at value - unaffiliated issuers (cost $1,625,972,368) including securities on loan of $836,785 |  | 1650281928 |
| Receivables: |  |  |
| Investments sold |  | 59202919 |
| Interest |  | 15250610 |
| Fund shares sold |  | 2902814 |
| Dividends |  | 14559 |
| Income from securities on loan | + | 871 |
| **Total assets** |  | **1728895360** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | 955453 |
| Payables: |  |  |
| Investments bought |  | 64817481 |
| Fund shares redeemed |  | 2072099 |
| Distributions to shareholders |  | 1949339 |
| Investments bought - delayed-delivery |  | 300130 |
| Investment adviser fees | + | 75762 |
| **Total liabilities** |  | **70170264** |
| **Net assets** |  | **$1658725096** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $1768975778 |
| Total distributable loss | + | (110250682)<br>|
| **Net assets** |  | **$1658725096** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $1658725096 |  | &nbsp;&nbsp;&nbsp;&nbsp; 170458358 |  | &nbsp;&nbsp;&nbsp;&nbsp; $9.73 |

---

*See financial notes*

**134**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Short-Term Bond Index Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| Interest received from securities - unaffiliated issuers |  | $32450489 |
| Dividends received from securities - unaffiliated issuers  |  | 105183 |
| Interest received from securities - affiliated issuers |  | 27472 |
| Securities on loan, net | + | 4726 |
| **Total investment income**  |  | **32587870** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | 470181 |
| **Total expenses** | – | **470181** |
| **Net investment income** |  | **32117689** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| **Net realized gains on sales of securities - unaffiliated issuers**  |  | **641191** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated issuers  |  | 1663 |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers | + | 5105762 |
| **Net change in unrealized appreciation (depreciation)** |  | **5107425** |
| **Net realized and unrealized gains** |  | **5748616** |
| **Increase in net assets resulting from operations** |  | **$37866305** |

---

*See financial notes*

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**135**

------

Schwab Short-Term Bond Index Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

Figures for the current period are unaudited

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 |
| Net investment income |  | $32117689 | &nbsp;&nbsp;&nbsp; $60443746 |
| Net realized gains (losses) |  | 641191 | &nbsp;&nbsp;&nbsp; (2065542)<br>|
| Net change in unrealized appreciation (depreciation) | + | 5107425 | &nbsp;&nbsp;&nbsp; 9669785 |
| **Increase in net assets resulting from operations** |  | **$37866305** | &nbsp;&nbsp;&nbsp; **$68047989** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($32117917)**<br>| &nbsp;&nbsp;&nbsp; **($60444566)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 31697907 | &nbsp;&nbsp;&nbsp; $307480282 | &nbsp;&nbsp;&nbsp; 43128811 | &nbsp;&nbsp;&nbsp; $414426513 |
| Shares reinvested |  | 2041178 | &nbsp;&nbsp;&nbsp; 19802537 | &nbsp;&nbsp;&nbsp; 3751874 | &nbsp;&nbsp;&nbsp; 36102565 |
| Shares redeemed | + | (18585267)<br>| &nbsp;&nbsp;&nbsp; (180293146)<br>| &nbsp;&nbsp;&nbsp; (46040034)<br>| &nbsp;&nbsp;&nbsp; (441804411)<br>|
| **Net transactions in fund shares**  |  | **15153818** | &nbsp;&nbsp;&nbsp; **$146989673** | &nbsp;&nbsp;&nbsp; **840651** | &nbsp;&nbsp;&nbsp; **$8724667** |
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 155304540 | &nbsp;&nbsp;&nbsp; $1505987035 | &nbsp;&nbsp;&nbsp; 154463889 | &nbsp;&nbsp;&nbsp; $1489658945 |
| Total increase | + | 15153818 | &nbsp;&nbsp;&nbsp; 152738061 | &nbsp;&nbsp;&nbsp; 840651 | &nbsp;&nbsp;&nbsp; 16328090 |
| **End of period** |  | **170458358** | &nbsp;&nbsp;&nbsp; **$1658725096** | &nbsp;&nbsp;&nbsp; **155304540** | &nbsp;&nbsp;&nbsp; **$1505987035** |

---

*See financial notes*

**136**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Taxable Bond Funds

Financial Notes, unaudited

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Business Structure of the Funds:**

Each of the funds in this report is a series of Schwab Investments (the trust), a no-load, open-end management investment company. The trust is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the 1940 Act). The list below shows all the operational funds in the trust as of the end of the period, including the funds discussed in this report, which are highlighted:

---

| | |
|:---|:---|
| **SCHWAB INVESTMENTS**  | **SCHWAB INVESTMENTS**  |
| **Schwab Treasury Inflation Protected Securities Index Fund** | Schwab California Tax-Free Bond Fund |
| **Schwab U.S. Aggregate Bond Index Fund** | Schwab Opportunistic Municipal Bond Fund |
| **Schwab Short-Term Bond Index Fund** | Schwab 1000 Index<sup>®</sup> Fund |
| Schwab Tax-Free Bond Fund | Schwab Global Real Estate Fund |

---

Each fund offers one share class. Shares are bought and sold at closing net asset value per share, which is the price for all outstanding shares of a fund. Each share has a par value of 1/1,000 of a cent, and the funds' Board of Trustees may authorize the issuance of as many shares as necessary.

Each fund maintains its own account for purposes of holding assets and accounting, and is considered a separate entity for tax purposes. Within its account, each fund may also keep certain assets in segregated accounts, as required by securities law. The "Schwab Funds Complex" includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust.

**Investment Objectives** 

The **Schwab Treasury Inflation Protected Securities Index Fund's** goal is to track as closely as possible, before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities.

The **Schwab U.S. Aggregate Bond Index Fund's** goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the broad U.S. investment-grade bond market.

The **Schwab Short-Term Bond Index Fund's** goal is to track as closely as possible, before fees and expenses, the total return of an index composed of U.S. investment grade government related and corporate bonds with maturities between 1-5 years.

------

**2. Significant Accounting Policies:**

The following is a summary of the significant accounting policies the funds use in their preparation of financial statements. The funds follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).

The funds may invest in mutual funds and exchange-traded funds, which are referred to as "underlying funds." For more information about the underlying funds' operations and policies, please refer to those funds' semiannual and annual reports and holdings and financial statements, which are filed in Form N-CSR with the U.S. Securities and Exchange Commission (SEC) and available on the SEC's website at www.sec.gov.

**(a) Security Valuation:**

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Trustees has designated authority to a Valuation Designee, the funds' investment adviser, to make fair valuation determinations under adopted procedures, subject to Board of Trustees oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in each fund's portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Bonds and notes:** Fixed income investments are generally valued using an evaluated price at the mid-point of the bid/ask spread provided by an approved, independent pricing service (mid-price). To determine the evaluated mid-price, a pricing service may use a variety of techniques and inputs. Techniques may include, but are not limited to, spread models that

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**137**

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

calculate an investment-specific price relative to a benchmark or yield curve models that establish a price based on yields of comparable bonds along a range of maturities. Inputs differ by valuation approach and techniques, as appropriate, and examples of inputs may include, but are not limited to, interest rates, market conditions, comparable bonds, market trades, projected cash flows, credit reviews and issuer news.

&nbsp;&nbsp;&nbsp;&nbsp;● **Futures contracts:** Futures contracts are valued at their settlement prices as of the close of their exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Short-term securities (60 days or less to maturity):** Securities with remaining maturities of 60 days or less are generally valued at an evaluated price; however, such securities may be valued at their amortized cost if it approximates the security's fair value.

&nbsp;&nbsp;&nbsp;&nbsp;● **Mutual funds:** Mutual funds are valued at their respective net asset values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value a fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security.

In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the funds disclose the fair value of their investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 1 — quoted prices in active markets for identical investments — Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds and futures contracts. Mutual funds and exchange-traded funds are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2, or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund's results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

**138**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

The levels associated with valuing the funds' investments are disclosed in each fund's Portfolio Holdings.

**(b) Accounting Policies for certain Portfolio Investments (if held):**

**Futures Contracts:** Futures contracts are instruments that represent an agreement between two parties that obligates one party to buy, and the other party to sell, specific instruments at an agreed upon price on a stipulated future date. A fund must give the broker a deposit of cash and/or securities (initial margin) whenever it enters into a futures contract. The amount of the deposit may vary from one contract to another. Subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contract and are accounted for as unrealized appreciation or depreciation until the contract is closed, at which time the gains or losses are realized. Futures contracts are traded publicly on exchanges, and their value may change daily.

**Inflation-Protected Securities:** The Schwab Treasury Inflation Protected Securities Index Fund invests in U.S. Treasury inflation-protected securities (TIPS). Inflation-protected securities are fixed-income securities whose principal value is periodically adjusted to the rate of inflation. The interest rate on these instruments is generally fixed at issuance at a rate lower than typical bonds or notes. Over the life of an inflation-indexed instrument, however, interest will be paid based on a principal value, which is adjusted for any inflation or deflation. Any increase or decrease in the principal amount of an inflation-protected security will be included as an addition or reduction to interest income in the fund's Statement of Operations, even though investors do not receive their principal until maturity.

**TBA Commitments:** The Schwab U.S. Aggregate Bond Index Fund may enter into "TBA" (to-be-announced) commitments to purchase or sell securities for a fixed price at a future date. Payments or proceeds of TBA commitments are not delivered until the contractual settlement date. Unsettled TBA commitments are valued at the current market value generally according to the procedures described above in the Security Valuation section. The fund's use of TBA commitments may cause the fund to experience higher portfolio turnover and higher transaction costs.

**Agency MBS and TBA Transactions:** Under Financial Industry Regulatory Authority Rule 4210, broker-dealers are required to collect margin from most customers, such as funds, for the majority of covered agency transactions, including TBAs. The Schwab U.S. Aggregate Bond Index Fund posts and receives variation margin with certain counterparties in instances where the unrealized gain (loss) on such transactions exceeds certain pre-determined thresholds. The variation margin, if any, is disclosed in the Statement of Assets and Liabilities.

**Delayed-Delivery Transactions and When-Issued Securities:** The funds may transact in securities on a delayed-delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The securities purchased on a delayed-delivery or when-issued basis are identified as such in each fund's Portfolio Holdings, if any. The funds may receive compensation for interest forgone in the purchase of a delayed-delivery or when-issued security. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors. The funds comply with Rule 18f-4 under the 1940 Act, the funds operate as limited derivatives users, with respect to purchase commitments held within the funds, portfolio securities are no longer required to be segregated as collateral with a value at least equal to the amount of a purchase commitment and the funds' exposure is monitored under a derivatives risk management program.

**Securities Lending:** Under the trust's Securities Lending Program, a fund (lender) may make short-term loans of its securities to another party (borrower) to generate additional revenue for the fund. The borrower pledges collateral in the form of cash, securities issued or fully guaranteed by the U.S. government or foreign governments, or letters of credit issued by a bank. Collateral at the individual loan level is required to be maintained on a daily marked-to-market basis in an amount at least equal to the current value of the securities loaned. The lending agent provides a fund with indemnification against borrower default (the borrower fails to return the security on loan) reducing the risk of loss as a result of default. The cash collateral of securities loaned is currently invested in money market portfolios operating pursuant to Rule 2a-7 under the 1940 Act. Each fund bears the risk of loss with respect to the investment of cash collateral. The terms of the securities lending agreement allow the funds or the lending agent to terminate any loan at any given time and the securities must be returned within the earlier of the standard trade settlement period or the specified time period under the relevant securities lending agreement. Securities lending income, as disclosed in each fund's Statement of Operations, if applicable, represents the income earned from the investment of the cash collateral plus any fees paid by borrowers, less the fees paid to the lending agent and broker rebates which are subject to adjustments pursuant to the securities lending agreement. On loans not collateralized by cash, a fee is received from the borrower, and is allocated between a fund and the lending agent. The aggregate market value of securities loaned will not at any time exceed one-third of the total assets of a fund, including collateral received from the loan. Securities lending fees paid to the unaffiliated lending agent start at 9% of gross lending

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**139**

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

revenue, with subsequent breakpoints to a low of 5%. In this context, the gross lending revenue equals the income received from the investment of cash collateral and fees paid by borrowers less any rebates paid to the borrowers. Any expenses charged by the cash collateral fund are in addition to these fees. All remaining revenue is retained by the fund, as applicable. No portion of lending revenue is paid to or retained by the investment adviser or any of its affiliates.

As of February 28, 2026, the Schwab U.S. Aggregate Bond Index Fund and Schwab Short-Term Bond Index Fund had securities on loan, all of which were classified as corporate bonds and government related securities. The value of securities on loan and the related collateral as of February 28, 2026, are disclosed in each fund's Portfolio Holdings and Statement of Assets and Liabilities.

**(c) Security Transactions:** 

Security transactions are recorded as of the date the order to buy or sell the security is executed. Realized gains and losses from security transactions are based on the identified costs of the securities involved. Gains and losses from paydowns on mortgage and asset backed securities are recorded as adjustments to interest income.

When a fund closes out a futures contract position, it calculates the difference between the value of the position at the beginning and at the end of the contract, and records a realized gain or loss accordingly.

**(d) Investment Income:**

Interest income is recorded as it accrues. If a fund buys a debt security at a discount (less than face value) or a premium (more than face value), it amortizes premiums and accretes discounts from the purchase settlement date up to maturity. The fund then increases (in the case of discounts) or reduces (in the case of premiums) the income it records from the security. Certain securities may be callable (meaning that the issuer has the option to pay it off before its maturity date). The fund amortizes the premium and accretes the discount on each callable security to the security's maturity date, except when the purchase price is higher than the call price at the security's call date (in which case the premium is amortized to the call date). Any increase or decrease in the principal amount of an inflation-protected security is included as an addition or reduction to interest income in the Statement of Operations; such adjustments may have a significant impact on a fund's distributions. Dividends and distributions from underlying funds are recorded on the date they are effective (the ex-dividend date). Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.

**(e) Expenses:**

Pursuant to the Amended and Restated Investment Advisory and Administration Agreement between the investment adviser and the Schwab Treasury Inflation Protected Securities Index Fund and the Investment Advisory and Administration Agreement between the investment adviser and the Schwab U.S. Aggregate Bond Index Fund and Schwab Short-Term Bond Index Fund, the investment adviser pays the operating expenses of the funds, excluding acquired fund fees and expenses, taxes, any brokerage expenses, and extraordinary or non-routine expenses. Taxes, any brokerage expenses and extraordinary or non-routine expenses that are specific to a fund are charged directly to the fund. Acquired fund fees and expenses are indirect expenses incurred by a fund through its investments in underlying funds and are reflected in the net asset values of the underlying funds.

**(f) U.S. Treasury, Agency Debt & Agency MBS Charges:**

Due to market conditions or other reasons, delivery of U.S. Treasury securities, agency debt and agency MBS may not occur on a timely basis. In these instances, a fund may fail to receive a security purchased causing the fund to be unable to deliver a security sold. The Treasury Market Practices Group of the Federal Reserve Bank of New York recommends voluntary fail charges when securities are not delivered as agreed by the parties. These fail charges, if any, are included in net realized gains (losses) on sales of securities — unaffiliated issuers in each fund's Statement of Operations.

**(g) Distributions to Shareholders:**

The funds, except the Schwab Treasury Inflation Protected Securities Index Fund, declare distributions from net investment income, if any, every day they are open for business. These distributions, which are substantially equal to a fund's net investment income for that day, are paid out to shareholders once a month. The Schwab Treasury Inflation Protected Securities Index Fund declares and pays distributions from net investment income, if any, quarterly. The funds make distributions from net realized capital gains, if any, once a year. To receive a distribution, you must be a registered shareholder on the record date. Distributions are paid to shareholders on the payable date.

**140**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

**(h) Accounting Estimates:**

The accounting policies described in this report conform to GAAP. Notwithstanding this, shareholders should understand that in order to follow these principles, fund management has to make estimates and assumptions that affect the information reported in the financial statements. It's possible that once the results are known, they may turn out to be different from these estimates and these differences may be material.

**(i) Federal Income Taxes:**

The funds intend to meet federal income and excise tax requirements for regulated investment companies under subchapter M of the Internal Revenue Code, as amended. Accordingly, the funds distribute substantially all of their net investment income and net realized capital gains, if any, to their shareholders each year. As long as a fund meets the tax requirements, it is not required to pay federal income tax. The funds did not pay any federal taxes during the period.

**(j) Segment Reporting:**

An operating segment is defined in ASC Topic 280 Segment Reporting as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available.

The management committee of each fund's investment adviser acts as the funds' CODM. The CODM has determined that each fund operates as a single operating segment given each fund has a single defined investment strategy disclosed in its respective prospectus. The discrete financial information in the form of each fund's portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, shares sold and shares redeemed), which is used by the CODM to assess performance against the prospectus and to make resource allocation decisions with respect to the funds, is presented within each fund's financial statements.

**(k) Indemnification:**

Under the funds' organizational documents, the officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business the funds enter into contracts with their vendors and others that provide general indemnifications. The funds' maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the funds. However, based on experience, the funds expect the risk of loss attributable to these arrangements to be remote.

------

**3. Affiliates and Affiliated Transactions:**

**Investment Adviser**

Charles Schwab Investment Management, Inc., dba Schwab Asset Management, a wholly owned subsidiary of The Charles Schwab Corporation, serves as each fund's investment adviser and administrator pursuant to the Amended and Restated Investment Advisory and Administration Agreement between the investment adviser and the trust.

For its advisory and administrative services to the funds, the investment adviser is entitled to receive an annual fee, payable monthly, based on a percentage of each fund's average daily net assets as follows:

---

| | | |
|:---|:---|:---|
| SCHWAB<br> TREASURY INFLATION<br> PROTECTED SECURITIES<br> INDEX FUND<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCHWAB<br> U.S. AGGREGATE BOND<br> INDEX FUND<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCHWAB<br> SHORT-TERM BOND<br> INDEX FUND<br>|
| 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>|

---

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**141**

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**3. Affiliates and Affiliated Transactions (continued):** 

**Investments from Affiliates**

Funds in the Schwab Funds Complex may own shares of other funds in the Schwab Funds Complex. The table below reflects the percentage of shares of each fund in this report that is owned by other funds in the Schwab Funds Complex as of February 28, 2026, as applicable:

---

| | | | |
|:---|:---|:---|:---|
|  | UNDERLYING FUNDS | UNDERLYING FUNDS | UNDERLYING FUNDS |
|  | SCHWAB<br> TREASURY INFLATION<br> PROTECTED SECURITIES<br> INDEX FUND<br>| SCHWAB<br> U.S. AGGREGATE BOND<br> INDEX FUND<br>| SCHWAB<br> SHORT-TERM BOND<br> INDEX FUND<br>|
| Schwab Balanced Fund | —<br> %<br>| 4.6<br> %<br>| &nbsp;&nbsp; —<br> %<br>|
| Schwab MarketTrack Balanced Portfolio | —<br> %<br>| 3.3<br> %<br>| 1.6<br> %<br>|
| Schwab MarketTrack Conservative Portfolio | —<br> %<br>| 1.7<br> %<br>| 0.8<br> %<br>|
| Schwab MarketTrack Growth Portfolio | —<br> %<br>| 2.9<br> %<br>| &nbsp;&nbsp; —<br> %<br>|
| Schwab Monthly Income Fund - Flexible Payout | —<br> %<br>| 0.2<br> %<br>| &nbsp;&nbsp; —<br> %<br>|
| Schwab Monthly Income Fund - Income Payout | —<br> %<br>| 0.3<br> %<br>| &nbsp;&nbsp; —<br> %<br>|
| Schwab Monthly Income Fund - Target Payout  | —<br> %<br>| 0.2<br> %<br>| &nbsp;&nbsp; —<br> %<br>|
| Schwab Target 2010 Fund | 0.1<br> %<br>| 0.2<br> %<br>| 0.2<br> %<br>|
| Schwab Target 2015 Fund | 0.1<br> %<br>| 0.2<br> %<br>| 0.2<br> %<br>|
| Schwab Target 2020 Fund | 0.6<br> %<br>| 1.2<br> %<br>| 1.3<br> %<br>|
| Schwab Target 2025 Fund | 0.8<br> %<br>| 1.6<br> %<br>| 1.7<br> %<br>|
| Schwab Target 2030 Fund | 0.9<br> %<br>| 2.9<br> %<br>| 3.1<br> %<br>|
| Schwab Target 2035 Fund | 0.2<br> %<br>| 1.4<br> %<br>| 1.4<br> %<br>|
| Schwab Target 2040 Fund | —<br> %<br>| 1.7<br> %<br>| 1.8<br> %<br>|
| Schwab Target 2045 Fund | —<br> %<br>| 0.3<br> %<br>| 0.3<br> %<br>|
| Schwab Target 2050 Fund | —<br> %<br>| 0.2<br> %<br>| 0.2<br> %<br>|
| Schwab Target 2055 Fund | —<br> %<br>| 0.1<br> %<br>| 0.1<br> %<br>|
| Schwab Target 2060 Fund | —<br> %<br>| 0.0<br> %\*<br>| 0.0<br> %\*<br>|
| Schwab Target 2065 Fund | —<br> %<br>| 0.0<br> %\*<br>| 0.0<br> %\*<br>|
| Schwab Target 2070 Fund | —<br> %<br>| 0.0<br> %\*<br>| 0.0<br> %\*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Less than 0.05%

**Interfund Borrowing and Lending**

Pursuant to an exemptive order issued by the SEC, the funds may enter into interfund borrowing and lending transactions with other funds in the Schwab Funds Complex. All loans are for temporary or emergency purposes and the interest rate to be charged will be the average of the overnight repurchase agreement rate and the short-term bank loan rate. All loans are subject to numerous conditions designed to ensure fair and equitable treatment of all participating funds. The interfund lending facility is subject to the oversight and periodic review by the Board of Trustees. The funds had no interfund borrowing or lending activity during the period.

------

**4. Board of Trustees:**

The Board of Trustees may include people who are officers and/or directors of the investment adviser or its affiliates. Federal securities law limits the percentage of such "interested persons" who may serve on a trust's board, and the trust was in compliance with these limitations throughout the report period. The funds did not pay any interested persons or non-interested persons (independent trustees). The independent trustees are paid by the investment adviser pursuant to the Advisory Agreement where the investment adviser pays the operational expenses of each fund which includes trustee fees.

**142**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**5. Borrowing from Banks:**

During the period, the funds were participants with other funds in the Schwab Funds Complex in a joint, syndicated, committed $1.2 billion line of credit (the Syndicated Credit Facility), which matured on September 25, 2025. On September 25, 2025, the Syndicated Credit Facility was amended to run for a new 28 day period with the line of credit amount remaining unchanged, maturing on October 23, 2025. On October 23, 2025, the Syndicated Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on October 22, 2026. Under the terms of the Syndicated Credit Facility, in addition to the investment adviser paying the interest charged on any borrowings by a fund, the investment adviser paid a commitment fee of 0.15% per annum on the funds' proportionate share of the unused portion of the Syndicated Credit Facility.

During the period, the funds were participants with other funds in the Schwab Funds Complex in a joint, unsecured, uncommitted $400 million line of credit (the Uncommitted Credit Facility) with State Street Bank and Trust Company, which matured on September 25, 2025. On September 25, 2025, the Uncommitted Credit Facility was amended to run for a new 28 day period with the line of credit amount remaining unchanged, maturing on October 23, 2025. On October 23, 2025, the Uncommitted Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on October 22, 2026. Under the terms of the Uncommitted Credit Facility, the investment adviser pays interest on the amount a fund borrows. There were no borrowings by any of the funds from either line of credit during the period.

The funds also have access to custodian overdraft facilities. A fund may have utilized the overdraft facility and incurred an interest expense, which is paid by the investment adviser, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.

------

**6. Purchases and Sales/Maturities of Investment Securities:**

For the period ended February 28, 2026, purchases and sales/maturities of securities (excluding short-term obligations) were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | PURCHASES OF LONG-TERM <br>U.S. GOVERNMENT <br>SECURITIES\* <br>| PURCHASES OF OTHER <br>LONG-TERM SECURITIES <br>| TOTAL PURCHASES OF <br>LONG-TERM SECURITIES <br>|
| Schwab Treasury Inflation Protected Securities Index Fund | $700719527 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $700719527 |
| Schwab U.S. Aggregate Bond Index Fund | 1286752656 | &nbsp;&nbsp; 266321879 | &nbsp;&nbsp; 1553074535 |
| Schwab Short-Term Bond Index Fund | 360532999 | &nbsp;&nbsp; 107465556 | &nbsp;&nbsp; 467998555 |
|  | SALES/MATURITIES OF <br>LONG-TERM U.S. GOVERNMENT <br>SECURITIES\* <br>| SALES/MATURITIES OF <br>OTHER LONG-TERM SECURITIES <br>| TOTAL SALES/MATURITIES OF <br>LONG-TERM SECURITIES <br>|
| Schwab Treasury Inflation Protected Securities Index Fund | $410839455 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $410839455 |
| Schwab U.S. Aggregate Bond Index Fund | 911881518 | &nbsp;&nbsp; 102113820 | &nbsp;&nbsp; 1013995338 |
| Schwab Short-Term Bond Index Fund | 255882831 | &nbsp;&nbsp; 68878916 | &nbsp;&nbsp; 324761747 |

---

\*

Includes securities guaranteed by U.S. Government Agencies.

------

**7. Federal Income Taxes:**

As of February 28, 2026, the tax basis cost of the funds' investments and gross unrealized appreciation and depreciation were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TAX COST | GROSS UNREALIZED <br>APPRECIATION<br>| GROSS UNREALIZED <br>DEPRECIATION<br>| NET UNREALIZED <br>APPRECIATION <br>(DEPRECIATION)<br>|
| Schwab Treasury Inflation Protected Securities Index Fund | $3154448760 | &nbsp;&nbsp; $— | &nbsp;&nbsp; ($117834253)<br>| &nbsp;&nbsp; ($117834253)<br>|
| Schwab U.S. Aggregate Bond Index Fund | 6238533359 | &nbsp;&nbsp; 46769280 | &nbsp;&nbsp; (218754903)<br>| &nbsp;&nbsp; (171985623)<br>|
| Schwab Short-Term Bond Index Fund | 1627997396 | &nbsp;&nbsp; 23700436 | &nbsp;&nbsp; (174245)<br>| &nbsp;&nbsp; 23526191 |

---

The primary difference between book basis and tax basis unrealized appreciation or unrealized depreciation of investments is the tax deferral of losses on wash sales. The tax cost of the funds' investments, disclosed above, have been adjusted from their book amounts to reflect these unrealized appreciation or depreciation differences, as applicable.

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**143**

------

Schwab Taxable Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**7. Federal Income Taxes (continued):** 

Capital loss carryforwards have no expiration and may be used to offset future realized capital gains for federal income tax purposes. As of August 31, 2025, the funds had capital loss carryforwards available as follows:

---

| | |
|:---|:---|
| Schwab Treasury Inflation Protected Securities Index Fund | $213560799 |
| Schwab U.S. Aggregate Bond Index Fund | 396765011 |
| Schwab Short-Term Bond Index Fund | 134171293 |

---

The tax basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of February 28, 2026. The tax basis components of distributions paid during the fiscal year ended August 31, 2025, were as follows:

---

| | |
|:---|:---|
|  | PRIOR FISCAL YEAR END DISTRIBUTIONS |
|  | ORDINARY <br>INCOME <br>|
| Schwab Treasury Inflation Protected Securities Index Fund | $88811994 |
| Schwab U.S. Aggregate Bond Index Fund | 214213453 |
| Schwab Short-Term Bond Index Fund | 60444566 |

---

Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts in the financial statements. The funds may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

As of August 31, 2025, management has reviewed the tax positions for open periods (for federal purposes, three years from the date of filing and for state purposes, four years from the date of filing) as applicable to the funds, and has determined that no provision for income tax is required in the funds' financial statements. During the fiscal year ended August 31, 2025, the funds did not incur any interest or penalties.

------

**8. Subsequent Events:**

Management has determined there are no subsequent events or transactions through the date the financial statements were issued that would have materially impacted the financial statements as presented.

**144**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Changes in and Disagreements with Accountants for Open-End Management Investment Companies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Not applicable.

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**145**

------

Proxy Disclosures for Open-End Management Investment Companies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Not applicable.

**146**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The remuneration paid to directors, officers and others are included under Item 7 (Financial Statements and Financial Highlights for Open-End Management Investment Companies).

Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

**147**

------

Statement Regarding Basis for Approval of Investment Advisory Contract

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Not applicable.

**148**Schwab Taxable Bond Funds \| Semiannual Holdings and Financial Statements

------

![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g892429img2a549a3f1.jpg)

MFR13480-30

00323327

------

![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g892432imgd8d012961.jpg)

**Semiannual Holdings and Financial Statements** \| February 28, 2026

Schwab Municipal Bond Funds

------

---

| | |
|:---|:---|
| Schwab Tax-Free Bond Fund | **SWNTX** |
| Schwab California Tax-Free Bond Fund | **SWCAX** |
| Schwab Opportunistic Municipal Bond Fund | **SWHYX** |

---

------

**In This Report**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **[Item 7 - Financial Statements and Financial Highlights for Open-End](#xx_4bb5765f-a2cb-4039-a076-7a9853183659_1)**<br> **[Management Investment Companies](#xx_4bb5765f-a2cb-4039-a076-7a9853183659_1)** <br>|  |
| [Financial Statements and Portfolio Holdings](#xx_4bb5765f-a2cb-4039-a076-7a9853183659_1) <br>|  |
| [Schwab Tax-Free Bond Fund](#xx_4bb5765f-a2cb-4039-a076-7a9853183659_1) | 2 |
| [Schwab California Tax-Free Bond Fund](#xx_09e5a08c-c666-449c-aa44-2c71718ad3f3_1) | 23 |
| [Schwab Opportunistic Municipal Bond Fund](#xx_2f735bd0-35ea-4499-abcf-8d9109e13706_1) | 41 |
| [Financial Notes](#xx_fe3eebb2-10f4-41b7-adcd-e7018708ec31_1) | 61 |
| **[Item 8 – Changes in and Disagreements with Accountants for Open-End](#xx_6ade7679-a6da-40f7-8ede-211099420c08_1)**<br> **[Management Investment Companies](#xx_6ade7679-a6da-40f7-8ede-211099420c08_1)**<br>| 68 |
| **[Item 9 – Proxy Disclosures for Open-End Management Investment](#xx_6cd456d2-aff0-4b79-8a0e-1f9177461c81_1)**<br> **[Companies](#xx_6cd456d2-aff0-4b79-8a0e-1f9177461c81_1)**<br>| 69 |
| **[Item 10 - Remuneration Paid to Directors, Officers, and Others of Open-End](#xx_210c68d3-a6dc-46fc-bc3a-e717baf3b834_1)**<br> **[Management Investment Companies](#xx_210c68d3-a6dc-46fc-bc3a-e717baf3b834_1)**<br>| 70 |
| **[Item 11 - Statement Regarding Basis for Approval of Investment Advisory](#xx_25787c7e-2704-4828-93e3-e455f73d1da1_1)**<br> **[Contract](#xx_25787c7e-2704-4828-93e3-e455f73d1da1_1)**<br>| 71  |

---

Fund investment adviser: Charles Schwab Investment Management, Inc., dba Schwab Asset Management<sup>®</sup>

Distributor: Charles Schwab & Co., Inc. (Schwab)

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**1**

------

Schwab Tax-Free Bond Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 9/1/25– <br>2/28/26\*<br>| 9/1/24– <br>8/31/25<br>| 9/1/23– <br>8/31/24<br>| 9/1/22– <br>8/31/23<br>| 9/1/21– <br>8/31/22<br>| 9/1/20– <br>8/31/21<br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $10.68 | &nbsp;&nbsp; $11.05 | &nbsp;&nbsp; $10.82 | &nbsp;&nbsp; $10.93 | &nbsp;&nbsp; $12.22 | &nbsp;&nbsp; $12.13 |
| Income (loss) from investment operations: |  |  |  |  |  |  |
| Net investment income (loss)<sup>1</sup> <br>| 0.19 | 0.39 | 0.37 | 0.32 | 0.22 | 0.21 |
| Net realized and unrealized gains (losses) | 0.44 | &nbsp;&nbsp; (0.38)<br>| 0.23 | &nbsp;&nbsp; (0.11)<br>| &nbsp;&nbsp; (1.24)<br>| 0.16 |
| Total from investment operations | 0.63 | 0.01 | 0.60 | 0.21 | &nbsp;&nbsp; (1.02)<br>| 0.37 |
| Less distributions: |  |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.32)<br>| &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; (0.21)<br>|
| Distributions from net realized gains  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.05)<br>| &nbsp;&nbsp; (0.07)<br>|
| Total distributions | &nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.32)<br>| &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.28)<br>|
| Net asset value at end of period | &nbsp;&nbsp; $11.12 | &nbsp;&nbsp; $10.68 | &nbsp;&nbsp; $11.05 | &nbsp;&nbsp; $10.82 | &nbsp;&nbsp; $10.93 | &nbsp;&nbsp; $12.22 |
| Total return | 5.94 %<sup>2</sup><br>| 0.14<br> %<br>| 5.64<br> %<br>| 1.93<br> %<br>| &nbsp;&nbsp; (8.48<br> %)<br>| 3.03<br> %<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |  |
| Net expenses | 0.38 %<sup>3</sup><br>| 0.38<br> %<br>| 0.38<br> %<br>| 0.38<br> %<br>| 0.48 %<sup>4,5</sup><br>| 0.49<br> %<br>|
| Total expenses | 0.40 %<sup>3</sup><br>| 0.41<br> %<br>| 0.41<br> %<br>| 0.41<br> %<br>| 0.53 %<sup>5</sup><br>| 0.55<br> %<br>|
| Net investment income (loss) | 3.52 %<sup>3</sup><br>| 3.56<br> %<br>| 3.39<br> %<br>| 2.92<br> %<br>| 1.88<br> %<br>| 1.72<br> %<br>|
| Portfolio turnover rate | &nbsp;&nbsp; 15 %<sup>2,6</sup><br>| &nbsp;&nbsp; 49 %<sup>6</sup><br>| &nbsp;&nbsp; 127 %<sup>7</sup><br>| &nbsp;&nbsp; 101 %<sup>7</sup><br>| &nbsp;&nbsp; 87 %<sup>7</sup><br>| &nbsp;&nbsp; 53 %<sup>7</sup><br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $619 | &nbsp;&nbsp; $541 | &nbsp;&nbsp; $592 | &nbsp;&nbsp; $546 | &nbsp;&nbsp; $543 | &nbsp;&nbsp; $801 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Unaudited.

<sup>1</sup> Calculated based on the average shares outstanding during the period.

<sup>2</sup> Not annualized.

<sup>3</sup> Annualized.

<sup>4</sup> Effective July 1, 2022, the net operating expense limitation was lowered from 0.49% to 0.38%. The ratio presented for the year ended August 31, 2022, is a blended ratio.

<sup>5</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>6</sup> Portfolio turnover rate excludes variable rate demand note transactions.

<sup>7</sup> In the period ended August 31, 2025, variable rate demand notes are excluded from the portfolio turnover rate. In applying a similar exclusion for the periods ended August 31, 2024, August 31, 2023, August 31, 2022, and August 31, 2021, portfolio turnover rates would have been 50%, 50%, 42%, and 28%, respectively. 

*See financial notes*

**2**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited)

------

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). For variable rate securities, the rate shown is the rate as of the report date based on each security's rate reset date and when a security is purchased with a zero coupon rate, the effective yield at the time of purchase is shown. The reference rate and spread used is shown parenthetically in the security description, if available; if not, the reference rate is described in a footnote. The maturity date shown for all the securities is the final legal maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MUNICIPAL SECURITIES** 100.4% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.4% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.4% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.4% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.4% OF NET ASSETS |
| **ALABAMA** 4.8%  | **ALABAMA** 4.8%  | **ALABAMA** 4.8%  | **ALABAMA** 4.8%  | **ALABAMA** 4.8%  |
| **Auburn University** | **Auburn University** | **Auburn University** | **Auburn University** | **Auburn University** |
| Refunding RB Series 2025B  | 5.00% | 06/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 544340 |
| Refunding RB Series 2025B  | 5.00% | 06/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1113001 |
| Refunding RB Series 2025B  | 5.00% | 06/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1135570 |
| Refunding RB Series 2025B  | 5.00% | 06/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1156083 |
| **Black Belt Energy Gas District** | **Black Belt Energy Gas District** | **Black Belt Energy Gas District** | **Black Belt Energy Gas District** | **Black Belt Energy Gas District** |
| RB Series 2024B  | 5.00% | 10/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2729053 |
| RB Series 2026E  | 5.00% | 07/01/33 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3797288 |
| RB Series 2026F  | 5.00% | 12/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5501818 |
| Refunding RB Series 2022D-1  | 4.00% | 07/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2030258 |
| Refunding RB Series 2025D  | 5.00% | 12/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2222211 |
| **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** |
| Refunding RB Series 2024  | 5.25% | 10/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1581705 |
| **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** |
| RB Series 2024B  | 5.25% | 07/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2209744 |
| **Southeast Alabama Gas Supply District** | **Southeast Alabama Gas Supply District** | **Southeast Alabama Gas Supply District** | **Southeast Alabama Gas Supply District** | **Southeast Alabama Gas Supply District** |
| Refunding RB Series 2024B  | 5.00% | 06/01/49 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1639780 |
| **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** |
| RB Series 2021B  | 4.00% | 12/01/51 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2092922 |
| RB Series 2022A-1  | 5.50% | 01/01/53 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2176946 |
|  |  |  |  | &nbsp;&nbsp; **29930719** |
| **ARIZONA** 0.8%  | **ARIZONA** 0.8%  | **ARIZONA** 0.8%  | **ARIZONA** 0.8%  | **ARIZONA** 0.8%  |
| **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** |
| Equitable School Revolving Fund LLC Obligated Group RB Series 2023A  | 5.00% | 11/01/28 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2634306 |
| **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** |
| RB Series 2025A  | 5.00% | 01/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2100299 |
|  |  |  |  | &nbsp;&nbsp; **4734605** |
| **ARKANSAS** 0.2%  | **ARKANSAS** 0.2%  | **ARKANSAS** 0.2%  | **ARKANSAS** 0.2%  | **ARKANSAS** 0.2%  |
| **Beaver Water District of Benton & Washington Counties** | **Beaver Water District of Benton & Washington Counties** | **Beaver Water District of Benton & Washington Counties** | **Beaver Water District of Benton & Washington Counties** | **Beaver Water District of Benton & Washington Counties** |
| RB Series 2025  | 5.00% | 04/15/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566831 |
| RB Series 2025  | 4.50% | 04/15/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 522048 |
|  |  |  |  | &nbsp;&nbsp; **1088879** |
| **CALIFORNIA** 6.9%  | **CALIFORNIA** 6.9%  | **CALIFORNIA** 6.9%  | **CALIFORNIA** 6.9%  | **CALIFORNIA** 6.9%  |
| **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** |
| GO Bonds Series 2025D  | 4.66% | 08/01/45 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 421854 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**3**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** |
| RB Series 2023C  | 5.25% | 01/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3225674 |
| RB Series 2026  | 5.00% | 03/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2454416 |
| **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** |
| HumanGood California Obligated Group Refunding RB Series 2025A  | 5.00% | 10/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2138078 |
| Waste Management, Inc. RB Series 2024A  | 3.45% | 11/01/46 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3000000 |
| **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** |
| P3 Irvine SL Holdings LLC Obligated Group RB Series 2024A  | 6.38% | 06/01/59 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 4655000 | &nbsp;&nbsp; 4423927 |
| **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** |
| Refunding RB Series 2023A  | 5.00% | 05/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2535000 | &nbsp;&nbsp; 2832198 |
| **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** |
| RB Series 2020A  | 5.00% | 07/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3700000 | &nbsp;&nbsp; 3669468 |
| **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** |
| Power System Revenue RB Series 2021C  | 5.00% | 07/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1095844 |
| Power System Revenue Refunding RB Series 2025B  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1866654 |
| **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** |
| Refunding RB Series 2024  | 4.48% | 06/01/44 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 457220 |
| Refunding RB Series 2024  | 4.63% | 06/01/47 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 725000 | &nbsp;&nbsp; 276310 |
| **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** |
| RB Series 2024A  | 4.00% | 12/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 392821 |
| **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** |
| RB Series 2023B  | 5.00% | 07/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2865421 |
| **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** |
| GO Bonds Series 2010C  | 6.22% | 07/01/31 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1103635 |
| GO Bonds Series 2010C  | 6.32% | 07/01/32 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1286556 |
| GO Bonds Series 2010C  | 3.55% | 07/01/33 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 830638 |
| GO Bonds Series 2010C  | 6.46% | 07/01/35 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1005320 |
| **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** |
| RB Series 2019E  | 5.00% | 05/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2450000 | &nbsp;&nbsp; 2578144 |
| RB Series 2019E  | 5.00% | 05/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp; 445995 |
| Refunding RB Series 2022A  | 5.00% | 05/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp; 1905856 |
| **University of California** | **University of California** | **University of California** | **University of California** | **University of California** |
| RB Series 2025CD  | 5.00% | 05/15/36  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 3062771 |
| Refunding RB Series 2024BS  | 5.00% | 05/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1452622 |
|  |  |  |  | &nbsp;&nbsp; **42791422** |
| **COLORADO** 3.1%  | **COLORADO** 3.1%  | **COLORADO** 3.1%  | **COLORADO** 3.1%  | **COLORADO** 3.1%  |
| **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** |
| GO Bonds Series 2026  | 5.25% | 12/15/34  | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 6097807 |
| **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** |
| Refunding RB Series 2017A  | 5.00% | 11/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1865000 | &nbsp;&nbsp; 1945731 |
| Refunding RB Series 2023B  | 5.00% | 11/15/31  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2249667 |
| Refunding RB Series 2023B  | 5.00% | 11/15/32  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1138133 |
| **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** |
| RB Series 2018A-2  | 3.96% | 08/01/31 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp; 308294 |
| **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** |
| Loveland Classical Schools RB Series 2023  | 4.75% | 07/01/43 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp; 618647 |
| **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** |
| CommonSpirit Health Obligated Group RB Series 2022  | 5.00% | 11/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1453421 |
| CommonSpirit Health Obligated Group RB Series 2022  | 5.00% | 11/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1696680 |

---

*See financial notes*

**4**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| CommonSpirit Health Obligated Group Refunding RB Series 2025A  | 5.00% | 09/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 846300 |
| CommonSpirit Health Obligated Group Refunding RB Series 2025A  | 5.00% | 09/01/35  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 868228 |
| **Park Creek Metropolitan District** | **Park Creek Metropolitan District** | **Park Creek Metropolitan District** | **Park Creek Metropolitan District** | **Park Creek Metropolitan District** |
| Westerly Creek District Service Area Refunding Tax Allocation Series 2025  | 5.00% | 12/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1667926 |
| **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** |
| Health Obligated Group Refunding RB Series 2018C  | 1.90% | 11/15/39 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp; 580000 |
|  |  |  |  | &nbsp;&nbsp; **19470834** |
| **CONNECTICUT** 1.9%  | **CONNECTICUT** 1.9%  | **CONNECTICUT** 1.9%  | **CONNECTICUT** 1.9%  | **CONNECTICUT** 1.9%  |
| **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** |
| Yale University RB Series 2025B  | 5.00% | 07/01/64 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2878066 |
| **State of Connecticut** | **State of Connecticut** | **State of Connecticut** | **State of Connecticut** | **State of Connecticut** |
| GO Bonds Series 2020A  | 4.00% | 01/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2074236 |
| **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** |
| RB Series 2024A-2  | 5.00% | 07/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1164212 |
| Refunding RB Series 2025A  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2355304 |
| Refunding RB Series 2025A  | 5.00% | 07/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2978772 |
|  |  |  |  | &nbsp;&nbsp; **11450590** |
| **DELAWARE** 0.1%  | **DELAWARE** 0.1%  | **DELAWARE** 0.1%  | **DELAWARE** 0.1%  | **DELAWARE** 0.1%  |
| **Delaware State Health Facilities Authority** | **Delaware State Health Facilities Authority** | **Delaware State Health Facilities Authority** | **Delaware State Health Facilities Authority** | **Delaware State Health Facilities Authority** |
| Christiana Care Health System Obligated Group RB Series 2026  | 5.00% | 10/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; **838449** |
| **DISTRICT OF COLUMBIA** 0.2%  | **DISTRICT OF COLUMBIA** 0.2%  | **DISTRICT OF COLUMBIA** 0.2%  | **DISTRICT OF COLUMBIA** 0.2%  | **DISTRICT OF COLUMBIA** 0.2%  |
| **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** |
| Refunding RB Series 2026A  | 5.00% | 10/01/39 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; **1460243** |
| **FLORIDA** 5.3%  | **FLORIDA** 5.3%  | **FLORIDA** 5.3%  | **FLORIDA** 5.3%  | **FLORIDA** 5.3%  |
| **Central Florida Expressway Authority** | **Central Florida Expressway Authority** | **Central Florida Expressway Authority** | **Central Florida Expressway Authority** | **Central Florida Expressway Authority** |
| RB Series 2025A  | 5.00% | 07/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2982929 |
| **City of Hialeah Utility System** | **City of Hialeah Utility System** | **City of Hialeah Utility System** | **City of Hialeah Utility System** | **City of Hialeah Utility System** |
| Refunding RB Series 2022  | 5.00% | 10/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1585000 | &nbsp;&nbsp; 1762934 |
| Refunding RB Series 2022  | 5.00% | 10/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2360000 | &nbsp;&nbsp; 2585724 |
| **City of Jacksonville** | **City of Jacksonville** | **City of Jacksonville** | **City of Jacksonville** | **City of Jacksonville** |
| Baptist Health System Obligated Group Refunding RB Series 2017  | 5.00% | 08/15/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 910000 | &nbsp;&nbsp; 935855 |
| **City of Tampa** | **City of Tampa** | **City of Tampa** | **City of Tampa** | **City of Tampa** |
| State of Florida Cigarette Tax Revenue RB Series 2020A  | 4.41% | 09/01/34 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1005000 | &nbsp;&nbsp; 755003 |
| State of Florida Cigarette Tax Revenue RB Series 2020A  | 3.71% | 09/01/36 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 550058 |
| State of Florida Cigarette Tax Revenue RB Series 2020A  | 3.85% | 09/01/38 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 625761 |
| **County of Lee Airport Revenue** | **County of Lee Airport Revenue** | **County of Lee Airport Revenue** | **County of Lee Airport Revenue** | **County of Lee Airport Revenue** |
| RB Series 2025A-1  | 5.25% | 10/01/41 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 849827 |
| **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** |
| Refunding RB Series 2020A  | 4.00% | 10/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2205000 | &nbsp;&nbsp; 2257714 |
| **County of Seminole** | **County of Seminole** | **County of Seminole** | **County of Seminole** | **County of Seminole** |
| Refunding RB Series 2022  | 5.00% | 10/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1032962 |
| **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** |
| Florida Institute of Technology, Inc. RB Series 2019  | 5.00% | 10/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 685000 | &nbsp;&nbsp; 705988 |
| **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** |
| BayCare Obligated Group Refunding RB Series 2024C  | 5.00% | 11/15/29  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1097443 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**5**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** |
| Shell Point Obligated Group RB Series 2024B-2  | 4.38% | 11/15/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1007398 |
| Shell Point Obligated Group RB Series 2024B-3  | 4.13% | 11/15/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1007415 |
| Shell Point Obligated Group RB Series 2024C  | 5.00% | 11/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3106214 |
| **Lee County School Board** | **Lee County School Board** | **Lee County School Board** | **Lee County School Board** | **Lee County School Board** |
| COP Series 2025A  | 5.00% | 08/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 590283 |
| COP Series 2025A  | 5.00% | 08/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 583587 |
| **Orange County Health Facilities Authority** | **Orange County Health Facilities Authority** | **Orange County Health Facilities Authority** | **Orange County Health Facilities Authority** | **Orange County Health Facilities Authority** |
| Orlando Health Obligated Group Refunding RB Series 2025A  | 5.00% | 10/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 966187 |
| Orlando Health Obligated Group Refunding RB Series 2025A  | 5.00% | 10/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 562061 |
| Presbyterian Retirement Communities, Inc. Obligated Group Refunding RB Series <br> 2024 <br>| 5.00% | 08/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 910000 | &nbsp;&nbsp; 969098 |
| **Osceola County School District Sales Tax Revenue** | **Osceola County School District Sales Tax Revenue** | **Osceola County School District Sales Tax Revenue** | **Osceola County School District Sales Tax Revenue** | **Osceola County School District Sales Tax Revenue** |
| RB Series 2025  | 5.00% | 10/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2346971 |
| **Tampa Bay Water** | **Tampa Bay Water** | **Tampa Bay Water** | **Tampa Bay Water** | **Tampa Bay Water** |
| Refunding RB Series 2025  | 5.00% | 10/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2253498 |
| **Village Community Development District No. 15** | **Village Community Development District No. 15** | **Village Community Development District No. 15** | **Village Community Development District No. 15** | **Village Community Development District No. 15** |
| Phase I Special Assessment Series 2023  | 4.38% | 05/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 385000 | &nbsp;&nbsp; 405658 |
| Phase I Special Assessment Series 2023  | 4.85% | 05/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp; 514970 |
| Phase I Special Assessment Series 2023  | 5.25% | 05/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 485000 | &nbsp;&nbsp; 488730 |
| Special Assessment Series 2024  | 3.75% | 05/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252945 |
| Special Assessment Series 2024  | 4.00% | 05/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258390 |
| Special Assessment Series 2024  | 4.55% | 05/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250153 |
| **Village Community Development District No. 16** | **Village Community Development District No. 16** | **Village Community Development District No. 16** | **Village Community Development District No. 16** | **Village Community Development District No. 16** |
| Special Assessment Series 2025  | 4.88% | 05/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1018226 |
|  |  |  |  | &nbsp;&nbsp; **32723982** |
| **GEORGIA** 2.9%  | **GEORGIA** 2.9%  | **GEORGIA** 2.9%  | **GEORGIA** 2.9%  | **GEORGIA** 2.9%  |
| **Columbia County Hospital Authority** | **Columbia County Hospital Authority** | **Columbia County Hospital Authority** | **Columbia County Hospital Authority** | **Columbia County Hospital Authority** |
| WellStar Health System Obligated Group RB Series 2023A  | 5.75% | 04/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 546292 |
| **Gainesville & Hall County Hospital Authority** | **Gainesville & Hall County Hospital Authority** | **Gainesville & Hall County Hospital Authority** | **Gainesville & Hall County Hospital Authority** | **Gainesville & Hall County Hospital Authority** |
| Northeast Georgia Health System Obligated Group RB Series 2024  | 5.00% | 10/15/34  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 585339 |
| **Georgia Housing & Finance Authority** | **Georgia Housing & Finance Authority** | **Georgia Housing & Finance Authority** | **Georgia Housing & Finance Authority** | **Georgia Housing & Finance Authority** |
| RB Series 2025C  | 5.05% | 12/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2586065 |
| **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** |
| RB Series 2021A  | 4.00% | 07/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1515000 | &nbsp;&nbsp; 1592809 |
| **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** |
| RB Series 2022B  | 5.00% | 12/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3180805 |
| RB Series 2023D  | 5.00% | 05/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1342353 |
| RB Series 2024B  | 5.00% | 12/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2192043 |
| RB Series 2024C  | 5.00% | 12/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2177354 |
| RB Series 2024E  | 5.00% | 05/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2735297 |
| **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** |
| RB Series 2025A  | 5.25% | 07/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 811835 |
|  |  |  |  | &nbsp;&nbsp; **17750192** |
| **GUAM** 0.4%  | **GUAM** 0.4%  | **GUAM** 0.4%  | **GUAM** 0.4%  | **GUAM** 0.4%  |
| **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** |
| Water & Wastewater System RB Series 2025A  | 5.00% | 07/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp; 733077 |
| Water & Wastewater System RB Series 2025A  | 5.25% | 07/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566385 |

---

*See financial notes*

**6**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Water & Wastewater System Refunding RB Series 2024A  | 5.00% | 07/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554092 |
| Water & Wastewater System Refunding RB Series 2024A  | 5.00% | 07/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 546488 |
|  |  |  |  | &nbsp;&nbsp; **2400042** |
| **HAWAII** 0.3%  | **HAWAII** 0.3%  | **HAWAII** 0.3%  | **HAWAII** 0.3%  | **HAWAII** 0.3%  |
| **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** |
| RB Series 2020A  | 4.00% | 07/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; **1538696** |
| **IDAHO** 0.2%  | **IDAHO** 0.2%  | **IDAHO** 0.2%  | **IDAHO** 0.2%  | **IDAHO** 0.2%  |
| **Idaho Health Facilities Authority** | **Idaho Health Facilities Authority** | **Idaho Health Facilities Authority** | **Idaho Health Facilities Authority** | **Idaho Health Facilities Authority** |
| St. Luke's Health System Ltd. Obligated Group Refunding RB Series 2025A  | 5.00% | 03/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 562166 |
| **Jerome Lincoln & Gooding Counties Joint School District No. 261** | **Jerome Lincoln & Gooding Counties Joint School District No. 261** | **Jerome Lincoln & Gooding Counties Joint School District No. 261** | **Jerome Lincoln & Gooding Counties Joint School District No. 261** | **Jerome Lincoln & Gooding Counties Joint School District No. 261** |
| GO Bonds Series 2022  | 5.25% | 09/15/42 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 552923 |
|  |  |  |  | &nbsp;&nbsp; **1115089** |
| **ILLINOIS** 7.6%  | **ILLINOIS** 7.6%  | **ILLINOIS** 7.6%  | **ILLINOIS** 7.6%  | **ILLINOIS** 7.6%  |
| **Chicago Board of Education** | **Chicago Board of Education** | **Chicago Board of Education** | **Chicago Board of Education** | **Chicago Board of Education** |
| GO Bonds Series 2023A  | 5.00% | 12/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 788554 |
| **Chicago Housing Authority** | **Chicago Housing Authority** | **Chicago Housing Authority** | **Chicago Housing Authority** | **Chicago Housing Authority** |
| RB Series 2018A  | 5.00% | 01/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1020402 |
| RB Series 2018A  | 5.00% | 01/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1044648 |
| **Chicago Midway International Airport** | **Chicago Midway International Airport** | **Chicago Midway International Airport** | **Chicago Midway International Airport** | **Chicago Midway International Airport** |
| Refunding RB Series 2024A  | 5.00% | 01/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1139917 |
| Refunding RB Series 2024C  | 5.00% | 01/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1952963 |
| **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** |
| RB Series 2025A  | 5.25% | 01/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1115514 |
| RB Series 2025A  | 5.25% | 01/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1933207 |
| **Chicago Park District** | **Chicago Park District** | **Chicago Park District** | **Chicago Park District** | **Chicago Park District** |
| Refunding GO Bonds Series 2023C  | 5.00% | 01/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 664416 |
| **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** |
| Refunding RB Series 2024A  | 5.00% | 12/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1821255 |
| **City of Chicago** | **City of Chicago** | **City of Chicago** | **City of Chicago** | **City of Chicago** |
| GO Bonds Series 2019A  | 5.50% | 01/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1510798 |
| GO Bonds Series 2023A  | 5.00% | 01/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1069136 |
| GO Bonds Series 2023A  | 5.50% | 01/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1619664 |
| GO Bonds Series 2024A  | 5.00% | 01/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp; 1704377 |
| **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** |
| Refunding RB Series 2025  | 5.00% | 11/15/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2601458 |
| **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** |
| Rosalind Franklin University of Medicine & Science Refunding RB Series 2017A  | 5.00% | 08/01/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp; 921619 |
| Rosalind Franklin University of Medicine & Science Refunding RB Series 2017A  | 5.00% | 08/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 960000 | &nbsp;&nbsp; 979357 |
| Rosalind Franklin University of Medicine & Science Refunding RB Series 2017A  | 5.00% | 08/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp; 1355362 |
| Rush System for Health Obligated Group Refunding RB Series 2025A  | 5.00% | 11/15/35  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1169279 |
| Southern Illinois Healthcare Obligated Group Refunding RB Series 2017  | 5.00% | 03/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp; 700000 |
| Southern Illinois Healthcare Obligated Group Refunding RB Series 2017  | 5.00% | 03/01/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 408055 |
| **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** |
| Refunding RB Series 2024A  | 5.00% | 01/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 862378 |
| **Jersey & Greene County Community Unit School District No. 100 Jerseyville** | **Jersey & Greene County Community Unit School District No. 100 Jerseyville** | **Jersey & Greene County Community Unit School District No. 100 Jerseyville** | **Jersey & Greene County Community Unit School District No. 100 Jerseyville** | **Jersey & Greene County Community Unit School District No. 100 Jerseyville** |
| Refunding GO Bonds Series 2021B  | 4.00% | 12/01/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1275000 | &nbsp;&nbsp; 1323873 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**7**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kankakee River Metropolitan Agency** | **Kankakee River Metropolitan Agency** | **Kankakee River Metropolitan Agency** | **Kankakee River Metropolitan Agency** | **Kankakee River Metropolitan Agency** |
| Refunding RB Series 2016  | 5.00% | 05/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 1305000 | &nbsp;&nbsp; 1310711 |
| **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** |
| State of Illinois McCormick Place Expansion Project Fund RB Series 2015A  | 5.00% | 06/15/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1999843 |
| **Northern Illinois University** | **Northern Illinois University** | **Northern Illinois University** | **Northern Illinois University** | **Northern Illinois University** |
| RB Series 2021  | 5.00% | 10/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 336028 |
| **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** |
| Refunding RB Series 2025A  | 5.00% | 01/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1649268 |
| Refunding RB Series 2025A  | 5.00% | 01/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1593824 |
| **State of Illinois** | **State of Illinois** | **State of Illinois** | **State of Illinois** | **State of Illinois** |
| GO Bonds Series 2018A  | 5.00% | 05/01/31 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1051206 |
| GO Bonds Series 2019A  | 5.00% | 11/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2607571 |
| GO Bonds Series 2021A  | 4.00% | 03/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2003832 |
| Refunding GO Bonds Series 2016  | 5.00% | 02/01/28 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1535489 |
| Refunding GO Bonds Series 2018B  | 5.00% | 10/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1580727 |
| Refunding GO Bonds Series 2024  | 5.00% | 02/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 805240 |
| Refunding GO Bonds Series 2024  | 5.00% | 02/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1260407 |
| **Village of Bellwood** | **Village of Bellwood** | **Village of Bellwood** | **Village of Bellwood** | **Village of Bellwood** |
| Refunding GO Bonds Series 2016B  | 5.00% | 12/01/28 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1855000 | &nbsp;&nbsp; 1887637 |
|  |  |  |  | &nbsp;&nbsp; **47328015** |
| **INDIANA** 0.3%  | **INDIANA** 0.3%  | **INDIANA** 0.3%  | **INDIANA** 0.3%  | **INDIANA** 0.3%  |
| **City of Whiting** | **City of Whiting** | **City of Whiting** | **City of Whiting** | **City of Whiting** |
| BP Products North America, Inc. RB Series 2008  | 4.20% | 06/01/44 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 650159 |
| **Indiana Finance Authority** | **Indiana Finance Authority** | **Indiana Finance Authority** | **Indiana Finance Authority** | **Indiana Finance Authority** |
| Republic Services, Inc. RB Series 2012  | 3.45% | 05/01/28 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500000 |
| Republic Services, Inc. Refunding RB Series 2010A  | 3.45% | 05/01/28 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500000 |
|  |  |  |  | &nbsp;&nbsp; **1650159** |
| **IOWA** 0.8%  | **IOWA** 0.8%  | **IOWA** 0.8%  | **IOWA** 0.8%  | **IOWA** 0.8%  |
| **PEFA, Inc.** | **PEFA, Inc.** | **PEFA, Inc.** | **PEFA, Inc.** | **PEFA, Inc.** |
| RB Series 2019  | 5.00% | 09/01/49 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; **5058180** |
| **KANSAS** 0.4%  | **KANSAS** 0.4%  | **KANSAS** 0.4%  | **KANSAS** 0.4%  | **KANSAS** 0.4%  |
| **Johnson & Miami Counties Unified School District No. 230 Spring Hills** | **Johnson & Miami Counties Unified School District No. 230 Spring Hills** | **Johnson & Miami Counties Unified School District No. 230 Spring Hills** | **Johnson & Miami Counties Unified School District No. 230 Spring Hills** | **Johnson & Miami Counties Unified School District No. 230 Spring Hills** |
| GO Bonds Series 2018A  | 5.00% | 09/01/31 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2575000 | &nbsp;&nbsp; **2695669** |
| **KENTUCKY** 1.5%  | **KENTUCKY** 1.5%  | **KENTUCKY** 1.5%  | **KENTUCKY** 1.5%  | **KENTUCKY** 1.5%  |
| **Kentucky Public Energy Authority** | **Kentucky Public Energy Authority** | **Kentucky Public Energy Authority** | **Kentucky Public Energy Authority** | **Kentucky Public Energy Authority** |
| Refunding RB Series 2024B  | 5.00% | 01/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3817345 |
| Refunding RB Series 2025A  | 5.25% | 06/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1351427 |
| **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** |
| Commonwealth of Kentucky RB Series 2025A  | 5.00% | 09/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2233826 |
| **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** |
| RB Series 2017A  | 3.25% | 05/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1655000 | &nbsp;&nbsp; 1424795 |
| **Northern Kentucky University** | **Northern Kentucky University** | **Northern Kentucky University** | **Northern Kentucky University** | **Northern Kentucky University** |
| RB Series 2019A  | 3.00% | 09/01/40 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 668805 |
|  |  |  |  | &nbsp;&nbsp; **9496198** |

---

*See financial notes*

**8**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **LOUISIANA** 0.9%  | **LOUISIANA** 0.9%  | **LOUISIANA** 0.9%  | **LOUISIANA** 0.9%  | **LOUISIANA** 0.9%  |
| **Louisiana Housing Corp.** | **Louisiana Housing Corp.** | **Louisiana Housing Corp.** | **Louisiana Housing Corp.** | **Louisiana Housing Corp.** |
| RB Series 2023C  | 5.75% | 12/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | &nbsp;&nbsp; 1822827 |
| **Louisiana Offshore Terminal Authority** | **Louisiana Offshore Terminal Authority** | **Louisiana Offshore Terminal Authority** | **Louisiana Offshore Terminal Authority** | **Louisiana Offshore Terminal Authority** |
| Loop LLC Refunding RB Series 2007A  | 4.15% | 09/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3056792 |
| **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** |
| Ochsner Clinic Foundation Obligated Group Refunding RB Series 2017  | 5.00% | 05/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 514336 |
|  |  |  |  | &nbsp;&nbsp; **5393955** |
| **MARYLAND** 1.4%  | **MARYLAND** 1.4%  | **MARYLAND** 1.4%  | **MARYLAND** 1.4%  | **MARYLAND** 1.4%  |
| **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** |
| Medical System Obligated Group RB Series 2025C-1  | 1.95% | 07/01/55 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 2515000 | &nbsp;&nbsp; 2515000 |
| University of Maryland Medical System Obligated Group Refunding RB Series <br> 2025A <br>| 5.00% | 07/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 887485 |
| **State of Maryland** | **State of Maryland** | **State of Maryland** | **State of Maryland** | **State of Maryland** |
| GO Bonds Series 2018A  | 3.13% | 03/15/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2017634 |
| GO Bonds Series 2022A  | 5.00% | 06/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2590000 | &nbsp;&nbsp; 2944092 |
|  |  |  |  | &nbsp;&nbsp; **8364211** |
| **MASSACHUSETTS** 3.3%  | **MASSACHUSETTS** 3.3%  | **MASSACHUSETTS** 3.3%  | **MASSACHUSETTS** 3.3%  | **MASSACHUSETTS** 3.3%  |
| **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** |
| GO Bonds Series 2025G  | 5.00% | 12/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1814918 |
| Refunding GO Bonds Series 2025B  | 5.00% | 06/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1778613 |
| **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** |
| RB Series 2025A  | 5.00% | 06/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1262689 |
| Refunding RB Series 2025A  | 5.00% | 06/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp; 769243 |
| **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** |
| RB Series 2025B  | 5.00% | 07/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1791913 |
| RB Series 2025B  | 5.00% | 07/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1751944 |
| **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** |
| Beth Israel Lahey Health Obligated Group RB Series 2023M  | 5.00% | 07/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2852841 |
| Boston Medical Center Corp. Obligated Group Refunding RB Series 2016E  | 5.00% | 07/01/31 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2815000 | &nbsp;&nbsp; 2830671 |
| Boston Medical Center Corp. Obligated Group Refunding RB Series 2023G  | 5.00% | 07/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 865000 | &nbsp;&nbsp; 870525 |
| Suffolk University Refunding RB Series 2025  | 5.50% | 07/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3688459 |
| **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** |
| Refunding RB Series 2018-203  | 4.50% | 12/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 615000 | &nbsp;&nbsp; 620753 |
| **Massachusetts School Building Authority** | **Massachusetts School Building Authority** | **Massachusetts School Building Authority** | **Massachusetts School Building Authority** | **Massachusetts School Building Authority** |
| Refunding RB Series 2025B  | 5.00% | 02/15/34  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 600346 |
|  |  |  |  | &nbsp;&nbsp; **20632915** |
| **MICHIGAN** 1.7%  | **MICHIGAN** 1.7%  | **MICHIGAN** 1.7%  | **MICHIGAN** 1.7%  | **MICHIGAN** 1.7%  |
| **Detroit Downtown Development Authority** | **Detroit Downtown Development Authority** | **Detroit Downtown Development Authority** | **Detroit Downtown Development Authority** | **Detroit Downtown Development Authority** |
| Catalyst Development Area Refunding Tax Allocation Series 2024  | 5.00% | 07/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1335000 | &nbsp;&nbsp; 1394427 |
| **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** |
| RB Series 2025D  | 5.25% | 07/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1438132 |
| **Karegnondi Water Authority** | **Karegnondi Water Authority** | **Karegnondi Water Authority** | **Karegnondi Water Authority** | **Karegnondi Water Authority** |
| County of Genesee Refunding RB Series 2024  | 5.00% | 11/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 462168 |
| County of Genesee Refunding RB Series 2024  | 5.00% | 11/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 468095 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**9**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** |
| Detroit Public Lighting Authority Utility Users Tax Revenue Refunding RB Series <br> 2025A <br>| 5.00% | 07/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 584258 |
| Detroit Public Lighting Authority Utility Users Tax Revenue Refunding RB Series <br> 2025A <br>| 5.00% | 07/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp; 573123 |
| Provident Group - HFH Energy LLC RB Series 2024  | 5.00% | 02/28/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 831295 |
| Provident Group - HFH Energy LLC RB Series 2024  | 5.00% | 02/28/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 825029 |
| **Michigan State Building Authority** | **Michigan State Building Authority** | **Michigan State Building Authority** | **Michigan State Building Authority** | **Michigan State Building Authority** |
| Refunding RB Series 2025I  | 5.00% | 04/15/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2265849 |
| **Michigan State University** | **Michigan State University** | **Michigan State University** | **Michigan State University** | **Michigan State University** |
| Refunding RB Series 2025A  | 5.00% | 02/15/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1716922 |
|  |  |  |  | &nbsp;&nbsp; **10559298** |
| **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  |
| **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** |
| Children's Health Care Obligated Group RB Series 2025  | 5.00% | 08/15/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1113290 |
| **Stillwater Independent School District No. 834** | **Stillwater Independent School District No. 834** | **Stillwater Independent School District No. 834** | **Stillwater Independent School District No. 834** | **Stillwater Independent School District No. 834** |
| Refunding GO Bonds Series 2024A  | 5.00% | 02/01/37 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1665000 | &nbsp;&nbsp; 1868484 |
|  |  |  |  | &nbsp;&nbsp; **2981774** |
| **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  |
| **Mississippi Development Bank** | **Mississippi Development Bank** | **Mississippi Development Bank** | **Mississippi Development Bank** | **Mississippi Development Bank** |
| Jackson Public School District RB Series 2018  | 5.00% | 10/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp; **599092** |
| **MISSOURI** 1.6%  | **MISSOURI** 1.6%  | **MISSOURI** 1.6%  | **MISSOURI** 1.6%  | **MISSOURI** 1.6%  |
| **City of St. Louis** | **City of St. Louis** | **City of St. Louis** | **City of St. Louis** | **City of St. Louis** |
| GO Bonds Series 2023A  | 5.00% | 02/15/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp; 2599627 |
| **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** |
| Kansas City University RB Series 2017A  | 5.00% | 06/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1027083 |
| Kansas City University RB Series 2017A  | 5.00% | 06/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1076663 |
| Lutheran Senior Services Obligated Group RB Series 2021  | 4.00% | 02/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 910000 | &nbsp;&nbsp; 867745 |
| Lutheran Senior Services Obligated Group Refunding RB Series 2016B  | 4.00% | 02/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2000281 |
| Lutheran Senior Services Obligated Group Refunding RB Series 2024A  | 5.25% | 02/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1955000 | &nbsp;&nbsp; 1992783 |
| **Missouri Housing Development Commission** | **Missouri Housing Development Commission** | **Missouri Housing Development Commission** | **Missouri Housing Development Commission** | **Missouri Housing Development Commission** |
| RB Series 2018A  | 4.25% | 05/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp; 596851 |
|  |  |  |  | &nbsp;&nbsp; **10161033** |
| **MONTANA** 0.4%  | **MONTANA** 0.4%  | **MONTANA** 0.4%  | **MONTANA** 0.4%  | **MONTANA** 0.4%  |
| **Montana Board of Housing** | **Montana Board of Housing** | **Montana Board of Housing** | **Montana Board of Housing** | **Montana Board of Housing** |
| RB Series 2023B  | 6.00% | 12/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1885000 | &nbsp;&nbsp; 2049966 |
| Refunding RB Series 2018A  | 4.00% | 06/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp; 286058 |
|  |  |  |  | &nbsp;&nbsp; **2336024** |
| **NEBRASKA** 0.4%  | **NEBRASKA** 0.4%  | **NEBRASKA** 0.4%  | **NEBRASKA** 0.4%  | **NEBRASKA** 0.4%  |
| **Gretna Public Schools** | **Gretna Public Schools** | **Gretna Public Schools** | **Gretna Public Schools** | **Gretna Public Schools** |
| GO Bonds Series 2022B  | 5.00% | 12/15/27 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1504235 |
| **Village of Boys Town** | **Village of Boys Town** | **Village of Boys Town** | **Village of Boys Town** | **Village of Boys Town** |
| Father Flanagan's Boy's Home Refunding RB Series 2017  | 3.00% | 09/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1124496 |
|  |  |  |  | &nbsp;&nbsp; **2628731** |

---

*See financial notes*

**10**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **NEVADA** 0.6%  | **NEVADA** 0.6%  | **NEVADA** 0.6%  | **NEVADA** 0.6%  | **NEVADA** 0.6%  |
| **Carson City** | **Carson City** | **Carson City** | **Carson City** | **Carson City** |
| HumanGood California Obligated Group Refunding RB Series 2017A  | 5.00% | 09/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 605000 | &nbsp;&nbsp; 622681 |
| **Clark County School District** | **Clark County School District** | **Clark County School District** | **Clark County School District** | **Clark County School District** |
| GO Bonds Series 2018A  | 4.00% | 06/15/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp; 1836080 |
| **State of Nevada Department of Business & Industry** | **State of Nevada Department of Business & Industry** | **State of Nevada Department of Business & Industry** | **State of Nevada Department of Business & Industry** | **State of Nevada Department of Business & Industry** |
| Republic Services, Inc. RB Series 2001  | 3.45% | 12/01/26 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1000984 |
|  |  |  |  | &nbsp;&nbsp; **3459745** |
| **NEW HAMPSHIRE** 0.5%  | **NEW HAMPSHIRE** 0.5%  | **NEW HAMPSHIRE** 0.5%  | **NEW HAMPSHIRE** 0.5%  | **NEW HAMPSHIRE** 0.5%  |
| **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** |
| Novant Health Obligated Group RB Series 2025A  | 5.00% | 12/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1725897 |
| **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** |
| Dartmouth Health Obligated Group Refunding RB Series 2025  | 5.00% | 08/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1127895 |
|  |  |  |  | &nbsp;&nbsp; **2853792** |
| **NEW JERSEY** 4.1%  | **NEW JERSEY** 4.1%  | **NEW JERSEY** 4.1%  | **NEW JERSEY** 4.1%  | **NEW JERSEY** 4.1%  |
| **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** |
| Trustees of Princeton University RB Series 2025A  | 5.00% | 07/01/64 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3374661 |
| Trustees of Princeton University RB Series 2025A  | 5.00% | 07/01/64 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2988397 |
| **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** |
| RB Series 2014BB-1  | 5.00% | 06/15/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3742676 |
| RB Series 2019BB  | 5.00% | 06/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1033050 |
| RB Series 2023BB  | 5.00% | 06/15/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1521965 |
| Refunding RB Series 2023A  | 4.25% | 06/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3134255 |
| Refunding RB Series 2023AA  | 4.25% | 06/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1017024 |
| Refunding RB Series 2024A  | 5.00% | 06/15/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2931711 |
| Refunding RB Series 2024AA  | 5.00% | 06/15/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2786639 |
| **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** |
| RB Series 2022B  | 4.25% | 01/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1625000 | &nbsp;&nbsp; 1679939 |
| **Township of Gloucester** | **Township of Gloucester** | **Township of Gloucester** | **Township of Gloucester** | **Township of Gloucester** |
| GO Bonds Series 2025  | 2.00% | 05/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1025731 |
|  |  |  |  | &nbsp;&nbsp; **25236048** |
| **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  |
| **New Mexico Mortgage Finance Authority** | **New Mexico Mortgage Finance Authority** | **New Mexico Mortgage Finance Authority** | **New Mexico Mortgage Finance Authority** | **New Mexico Mortgage Finance Authority** |
| RB Series 2018B  | 4.00% | 01/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp; **474228** |
| **NEW YORK** 13.5%  | **NEW YORK** 13.5%  | **NEW YORK** 13.5%  | **NEW YORK** 13.5%  | **NEW YORK** 13.5%  |
| **City of New York** | **City of New York** | **City of New York** | **City of New York** | **City of New York** |
| GO Bonds Series 2012A-3  | 2.00% | 10/01/40 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 2455000 | &nbsp;&nbsp; 2455000 |
| GO Bonds Series 2016A-5  | 1.90% | 08/01/44 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 1705000 | &nbsp;&nbsp; 1705000 |
| GO Bonds Series 2021A-1  | 4.00% | 08/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2065251 |
| GO Bonds Series 2025A-1  | 5.00% | 08/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1404758 |
| GO Bonds Series 2025D  | 5.00% | 10/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1133045 |
| GO Bonds Series 2025G-1  | 5.25% | 02/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2669075 |
| **Empire State Development Corp.** | **Empire State Development Corp.** | **Empire State Development Corp.** | **Empire State Development Corp.** | **Empire State Development Corp.** |
| State of New York Personal Income Tax Revenue Refunding RB Series 2020C  | 5.00% | 03/15/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3153773 |
| State of New York Personal Income Tax Revenue Refunding RB Series 2020C  | 3.00% | 03/15/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 811563 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**11**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** |
| RB Series 2005D-2  | 2.00% | 11/01/35 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120000 |
| RB Series 2015A-2  | 5.00% | 11/15/45 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2845000 | &nbsp;&nbsp; 3083541 |
| Refunding RB Series 2025B  | 5.00% | 11/15/35  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1193459 |
| **Nassau County Local Economic Assistance Corp.** | **Nassau County Local Economic Assistance Corp.** | **Nassau County Local Economic Assistance Corp.** | **Nassau County Local Economic Assistance Corp.** | **Nassau County Local Economic Assistance Corp.** |
| Catholic Health Services of Long Island Obligated Group RB Series 2014  | 5.00% | 07/01/26 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250671 |
| **New York City Housing Development Corp.** | **New York City Housing Development Corp.** | **New York City Housing Development Corp.** | **New York City Housing Development Corp.** | **New York City Housing Development Corp.** |
| RB Series 2025A-1  | 4.65% | 11/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2022154 |
| **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** |
| Water & Sewer System RB Series 2011  | 2.00% | 06/15/44 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 850000 |
| Water & Sewer System RB Series 2025BB  | 5.00% | 06/15/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2811933 |
| Water & Sewer System Refunding RB Series 2022BB-2  | 2.02% | 06/15/44 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp; 355000 |
| Water & Sewer System Refunding RB Series 2025CC  | 5.00% | 06/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1183779 |
| **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** |
| Refunding RB Series 2018S-3A  | 5.00% | 07/15/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2118131 |
| Refunding RB Series 2025S-2  | 5.00% | 07/15/28  | &nbsp;&nbsp;&nbsp;&nbsp; 2600000 | &nbsp;&nbsp; 2782331 |
| **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** |
| RB Series 2016E-4  | 1.90% | 02/01/45 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 6190000 | &nbsp;&nbsp; 6190000 |
| RB Series 2019A-2  | 5.00% | 05/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5295513 |
| RB Series 2025A  | 5.00% | 05/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1713448 |
| RB Series 2025B  | 5.25% | 05/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2132822 |
| RB Series 2025H  | 5.00% | 11/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 548091 |
| Refunding RB Series 2025F-1  | 5.00% | 11/01/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 561768 |
| **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** |
| RB Series 2025A  | 5.00% | 10/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1484143 |
| Montefiore Obligated Group RB Series 2024  | 5.25% | 11/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp; 409486 |
| Northwell Health Obligated Group Refunding RB Series 2024A  | 4.00% | 05/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 818024 |
| Personal Income Tax Revenue Refunding RB Series 2019A  | 5.00% | 03/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2594195 |
| Rochester Institute of Technology RB Series 2022A  | 5.00% | 07/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1111195 |
| Sales Tax Revenue Refunding RB Series 2024B  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1360924 |
| Sales Tax Revenue Refunding RB Series 2024B  | 5.00% | 03/15/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1673781 |
| State University of New York Dormitory Facilities Revenue Refunding RB Series <br> 2025B <br>| 4.00% | 07/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1205000 | &nbsp;&nbsp; 1283845 |
| White Plains Hospital Obligated Group RB Series 2024  | 5.00% | 10/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 386570 |
| White Plains Hospital Obligated Group RB Series 2024  | 5.00% | 10/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 547746 |
| White Plains Hospital Obligated Group RB Series 2024  | 5.25% | 10/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 764029 |
| **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** |
| Refunding RB Series 2021O  | 4.00% | 01/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1865000 | &nbsp;&nbsp; 1919586 |
| Refunding RB Series 2024P  | 5.00% | 01/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 581928 |
| Refunding RB Series 2026A  | 5.00% | 01/01/35  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 600241 |
| **New York Transportation Development Corp.** | **New York Transportation Development Corp.** | **New York Transportation Development Corp.** | **New York Transportation Development Corp.** | **New York Transportation Development Corp.** |
| JFK NTO LLC RB Series 2023  | 5.50% | 06/30/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1088380 |
| JFK NTO LLC RB Series 2024  | 5.00% | 06/30/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1258692 |
| JFK NTO LLC RB Series 2024  | 5.50% | 06/30/60 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2044509 |
| JFK NTO LLC RB Series 2025  | 5.50% | 06/30/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1124074 |
| JFK NTO LLC RB Series 2025  | 6.00% | 06/30/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 580225 |
| JFK NTO LLC RB Series 2025  | 6.00% | 06/30/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 577340 |
| **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** |
| RB Series 2020-221  | 5.00% | 07/15/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2835000 | &nbsp;&nbsp; 3065684 |
| RB Series 2022-236  | 5.00% | 01/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1112059 |
| RB Series 2022-236  | 5.00% | 01/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1103573 |

---

*See financial notes*

**12**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Refunding RB Series 2021-227  | 3.00% | 10/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2017572 |
| Refunding RB Series 2025-250  | 5.00% | 10/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2328004 |
| **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** |
| RB Series 2025A  | 5.00% | 11/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 590324 |
| Refunding RB Series 2025A-2  | 5.00% | 11/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 675000 | &nbsp;&nbsp; 796937 |
| **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** |
| RB Series 2023A  | 4.00% | 05/15/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1892368 |
|  |  |  |  | &nbsp;&nbsp; **83725540** |
| **NORTH CAROLINA** 1.9%  | **NORTH CAROLINA** 1.9%  | **NORTH CAROLINA** 1.9%  | **NORTH CAROLINA** 1.9%  | **NORTH CAROLINA** 1.9%  |
| **County of Brunswick** | **County of Brunswick** | **County of Brunswick** | **County of Brunswick** | **County of Brunswick** |
| GO Bonds Series 2018  | 3.20% | 08/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2230000 | &nbsp;&nbsp; 2232826 |
| **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** |
| Meredith College Refunding RB Series 2018  | 5.00% | 06/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 1735000 | &nbsp;&nbsp; 1739131 |
| Meredith College Refunding RB Series 2018  | 5.00% | 06/01/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1002156 |
| Meredith College Refunding RB Series 2018  | 5.00% | 06/01/31 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1305000 | &nbsp;&nbsp; 1307560 |
| Meredith College Refunding RB Series 2018  | 5.00% | 06/01/32 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1255000 | &nbsp;&nbsp; 1257192 |
| **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** |
| RB Series 2025-59  | 4.15% | 07/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1025129 |
| **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** |
| Carolina Meadows, Inc. Obligated Group RB Series 2024  | 5.25% | 12/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp; 2427269 |
| United Methodist Retirement Homes, Inc. Obligated Group RB Series 2024A  | 5.13% | 10/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1020965 |
|  |  |  |  | &nbsp;&nbsp; **12012228** |
| **OHIO** 2.3%  | **OHIO** 2.3%  | **OHIO** 2.3%  | **OHIO** 2.3%  | **OHIO** 2.3%  |
| **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** |
| Refunding RB Series 2020A-2  | 5.00% | 06/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1945000 | &nbsp;&nbsp; 2093822 |
| Refunding RB Series 2020A-2  | 5.00% | 06/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3055000 | &nbsp;&nbsp; 3275494 |
| **City of Columbus** | **City of Columbus** | **City of Columbus** | **City of Columbus** | **City of Columbus** |
| GO Bonds Series 2017A  | 3.15% | 04/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2503499 |
| **Ohio Air Quality Development Authority** | **Ohio Air Quality Development Authority** | **Ohio Air Quality Development Authority** | **Ohio Air Quality Development Authority** | **Ohio Air Quality Development Authority** |
| American Electric Power Co., Inc. Refunding RB Series 2005B  | 3.70% | 07/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2022978 |
| **State of Ohio** | **State of Ohio** | **State of Ohio** | **State of Ohio** | **State of Ohio** |
| RB Series 2025B  | 5.00% | 10/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1647153 |
| Refunding GO Bonds Series 2025B  | 5.00% | 09/15/33  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2952806 |
|  |  |  |  | &nbsp;&nbsp; **14495752** |
| **OKLAHOMA** 0.1%  | **OKLAHOMA** 0.1%  | **OKLAHOMA** 0.1%  | **OKLAHOMA** 0.1%  | **OKLAHOMA** 0.1%  |
| **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** |
| RB Series 2014E  | 4.00% | 06/01/27 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 29000 | &nbsp;&nbsp; 29034 |
| **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** |
| Refunding RB Series 2025A  | 5.00% | 01/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 401650 |
| Refunding RB Series 2025A  | 5.00% | 01/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 367669 |
|  |  |  |  | &nbsp;&nbsp; **798353** |
| **OREGON** 1.7%  | **OREGON** 1.7%  | **OREGON** 1.7%  | **OREGON** 1.7%  | **OREGON** 1.7%  |
| **Astoria Hospital Facilities Authority** | **Astoria Hospital Facilities Authority** | **Astoria Hospital Facilities Authority** | **Astoria Hospital Facilities Authority** | **Astoria Hospital Facilities Authority** |
| Columbia Lutheran Charities Obligated Group RB Series 2024  | 5.25% | 08/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253073 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**13**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Seaside Transient Lodging Tax Revenue** | **City of Seaside Transient Lodging Tax Revenue** | **City of Seaside Transient Lodging Tax Revenue** | **City of Seaside Transient Lodging Tax Revenue** | **City of Seaside Transient Lodging Tax Revenue** |
| RB Series 2018  | 5.00% | 12/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1875000 | &nbsp;&nbsp; 1965661 |
| **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** |
| GO Bonds Series 2019A  | 3.44% | 06/15/34 *(b)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 226428 |
| GO Bonds Series 2019A  | 3.49% | 06/15/35 *(b)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp; 192020 |
| GO Bonds Series 2019A  | 3.54% | 06/15/36 *(b)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp; 290439 |
| GO Bonds Series 2019A  | 3.59% | 06/15/37 *(b)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 329155 |
| **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** |
| Refunding RB Series 2025A  | 5.00% | 04/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1173152 |
| **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** |
| RB Series 2020-27A  | 4.00% | 07/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2018878 |
| **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** |
| RB Series 2026A  | 5.00% | 11/15/35  | &nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp; 822522 |
| RB Series 2026A  | 5.00% | 11/15/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 548409 |
| **Umatilla County School District No. 6R Umatilla** | **Umatilla County School District No. 6R Umatilla** | **Umatilla County School District No. 6R Umatilla** | **Umatilla County School District No. 6R Umatilla** | **Umatilla County School District No. 6R Umatilla** |
| GO Bonds Series 2017  | 5.00% | 06/15/29 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp; 352700 |
| GO Bonds Series 2017  | 5.00% | 06/15/30 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 311129 |
| GO Bonds Series 2017  | 5.00% | 06/15/32 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 362443 |
| GO Bonds Series 2017  | 5.00% | 06/15/33 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 520000 | &nbsp;&nbsp; 537960 |
| GO Bonds Series 2017  | 5.00% | 06/15/34 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 361711 |
| GO Bonds Series 2017  | 5.00% | 06/15/35 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp; 423215 |
| GO Bonds Series 2023B  | 5.08% | 06/15/53 *(b)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 407582 |
|  |  |  |  | &nbsp;&nbsp; **10576477** |
| **PENNSYLVANIA** 5.4%  | **PENNSYLVANIA** 5.4%  | **PENNSYLVANIA** 5.4%  | **PENNSYLVANIA** 5.4%  | **PENNSYLVANIA** 5.4%  |
| **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** |
| Refunding RB Series 2025  | 4.00% | 12/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1715000 | &nbsp;&nbsp; 1772163 |
| Refunding RB Series 2025  | 5.00% | 12/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 925000 | &nbsp;&nbsp; 967777 |
| **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** |
| Refunding GO Bonds Series 2025C  | 5.00% | 08/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1390535 |
| **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** |
| GO Bonds Series 2024BID  | 4.00% | 08/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2485000 | &nbsp;&nbsp; 2495851 |
| Refunding GO Bonds Series 2026-1st  | 5.00% | 08/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1010000 | &nbsp;&nbsp; 1051443 |
| **Lancaster County Hospital Authority** | **Lancaster County Hospital Authority** | **Lancaster County Hospital Authority** | **Lancaster County Hospital Authority** | **Lancaster County Hospital Authority** |
| Penn State Health Obligated Group RB Series 2021  | 5.00% | 11/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1019853 |
| **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** |
| UPMC Obligated Group Refunding RB Series 2025A  | 5.00% | 03/15/60 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2222736 |
| Waste Management, Inc. RB Series 2017A  | 3.88% | 08/01/37 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1254029 |
| Waste Management, Inc. RB Series 2025A  | 3.45% | 06/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2000000 |
| **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** |
| Thomas Jefferson University Obligated Group Refunding RB Series 2024B-1  | 4.00% | 11/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1966927 |
| **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** |
| RB Series 2025151-A  | 4.15% | 10/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1533108 |
| RB Series 2025-152A  | 4.50% | 10/01/46 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2014478 |
| RB Series 2025A  | 4.60% | 10/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2034364 |
| Refunding RB Series 2025-150A  | 4.90% | 10/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2137510 |
| **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** |
| RB Series 2025A  | 5.00% | 12/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp; 752659 |
| Refunding RB Series 2022B  | 5.00% | 12/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1054508 |
| Refunding RB Series 2022B  | 5.25% | 12/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 792252 |

---

*See financial notes*

**14**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Refunding RB Series 2025-1st  | 5.00% | 12/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1005000 | &nbsp;&nbsp; 1142738 |
| Refunding RB Series 2026-1st  | 5.00% | 12/01/39 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1156898 |
| **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** |
| Refunding RB Series 2021B  | 4.00% | 12/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp; 1282872 |
| **Redevelopment Authority of the City of Philadelphia** | **Redevelopment Authority of the City of Philadelphia** | **Redevelopment Authority of the City of Philadelphia** | **Redevelopment Authority of the City of Philadelphia** | **Redevelopment Authority of the City of Philadelphia** |
| RB Series 2023B  | 5.00% | 09/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3262223 |
|  |  |  |  | &nbsp;&nbsp; **33304924** |
| **PUERTO RICO** 0.9%  | **PUERTO RICO** 0.9%  | **PUERTO RICO** 0.9%  | **PUERTO RICO** 0.9%  | **PUERTO RICO** 0.9%  |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** |
| RB Series 2018A-1  | 4.75% | 07/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2194026 |
| RB Series 2018A-1  | 5.00% | 07/01/58 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 3321000 | &nbsp;&nbsp; 3259656 |
|  |  |  |  | &nbsp;&nbsp; **5453682** |
| **RHODE ISLAND** 0.6%  | **RHODE ISLAND** 0.6%  | **RHODE ISLAND** 0.6%  | **RHODE ISLAND** 0.6%  | **RHODE ISLAND** 0.6%  |
| **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** |
| Bryant University Refunding RB Series 2024  | 5.00% | 06/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2212462 |
| Lifespan Corp. Obligated Group RB Series 2024  | 5.00% | 05/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 829794 |
| Lifespan Corp. Obligated Group RB Series 2024  | 5.00% | 05/15/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 658757 |
|  |  |  |  | &nbsp;&nbsp; **3701013** |
| **SOUTH CAROLINA** 1.6%  | **SOUTH CAROLINA** 1.6%  | **SOUTH CAROLINA** 1.6%  | **SOUTH CAROLINA** 1.6%  | **SOUTH CAROLINA** 1.6%  |
| **Clemson University** | **Clemson University** | **Clemson University** | **Clemson University** | **Clemson University** |
| Athletic Facilities Revenue RB Series 2025A  | 5.00% | 05/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp; 432655 |
| Athletic Facilities Revenue RB Series 2025A  | 5.00% | 05/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp; 582807 |
| **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** |
| RB Series 2024A  | 5.25% | 12/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1070176 |
| RB Series 2025A  | 5.00% | 12/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 292622 |
| RB Series 2025A  | 5.00% | 12/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp; 423629 |
| Refunding RB Series 2020A  | 4.00% | 12/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4059205 |
| Refunding RB Series 2024B  | 4.13% | 12/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1103599 |
| Refunding RB Series 2025B  | 5.00% | 12/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 536493 |
| **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** |
| RB Series 2025B  | 5.00% | 01/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1605000 | &nbsp;&nbsp; 1623928 |
|  |  |  |  | &nbsp;&nbsp; **10125114** |
| **TENNESSEE** 0.9%  | **TENNESSEE** 0.9%  | **TENNESSEE** 0.9%  | **TENNESSEE** 0.9%  | **TENNESSEE** 0.9%  |
| **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** |
| Belmont University RB Series 2023  | 5.25% | 05/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1564993 |
| **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** |
| Refunding RB Series 2025  | 5.00% | 07/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566758 |
| Refunding RB Series 2025  | 5.00% | 07/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 336866 |
| **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** |
| RB Series 2022B  | 5.25% | 07/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1569197 |
| **Shelby County Health Educational & Housing Facilities Board** | **Shelby County Health Educational & Housing Facilities Board** | **Shelby County Health Educational & Housing Facilities Board** | **Shelby County Health Educational & Housing Facilities Board** | **Shelby County Health Educational & Housing Facilities Board** |
| Baptist Memorial Health Care Obligated Group RB Series 2024B  | 5.00% | 09/01/49 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1065658 |
| **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** |
| RB Series 2023-3A  | 6.25% | 01/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp; 477787 |
|  |  |  |  | &nbsp;&nbsp; **5581259** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**15**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TEXAS** 12.6%  | **TEXAS** 12.6%  | **TEXAS** 12.6%  | **TEXAS** 12.6%  | **TEXAS** 12.6%  |
| **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** |
| Refunding RB Series 2026A  | 5.00% | 08/15/32  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1163024 |
| Refunding RB Series 2026A  | 5.00% | 08/15/38  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1211215 |
| **City of Allen** | **City of Allen** | **City of Allen** | **City of Allen** | **City of Allen** |
| Refunding GO Bonds Series 2024  | 5.00% | 08/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1139676 |
| **City of Alvin Water & Sewer System Revenue** | **City of Alvin Water & Sewer System Revenue** | **City of Alvin Water & Sewer System Revenue** | **City of Alvin Water & Sewer System Revenue** | **City of Alvin Water & Sewer System Revenue** |
| RB Series 2023  | 4.00% | 02/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1105000 | &nbsp;&nbsp; 1148263 |
| **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** |
| RB Series 2022  | 5.00% | 11/15/32  | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 340457 |
| **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** |
| RB Series 2022B  | 5.00% | 07/15/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4158508 |
| **City of Galveston Wharves & Terminal Revenue** | **City of Galveston Wharves & Terminal Revenue** | **City of Galveston Wharves & Terminal Revenue** | **City of Galveston Wharves & Terminal Revenue** | **City of Galveston Wharves & Terminal Revenue** |
| RB Series 2023  | 6.00% | 08/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1381405 |
| **City of Houston** | **City of Houston** | **City of Houston** | **City of Houston** | **City of Houston** |
| GO Bonds Series 2025  | 5.00% | 03/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1293169 |
| **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** |
| RB Series 2025A  | 5.00% | 07/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 789797 |
| **City of Lubbock Water & Wastewater System** | **City of Lubbock Water & Wastewater System** | **City of Lubbock Water & Wastewater System** | **City of Lubbock Water & Wastewater System** | **City of Lubbock Water & Wastewater System** |
| RB Series 2025  | 5.00% | 02/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 453283 |
| RB Series 2025  | 5.00% | 02/15/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 281011 |
| **City of San Antonio** | **City of San Antonio** | **City of San Antonio** | **City of San Antonio** | **City of San Antonio** |
| GO Bonds Series 2023  | 4.00% | 02/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2054626 |
| Refunding GO Bonds Series 2019  | 3.00% | 08/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1445000 | &nbsp;&nbsp; 1445701 |
| **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** |
| RB Series 2024A  | 5.25% | 02/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 539063 |
| **City of Waxahachie** | **City of Waxahachie** | **City of Waxahachie** | **City of Waxahachie** | **City of Waxahachie** |
| GO Bonds Series 2023  | 4.13% | 08/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 415523 |
| GO Bonds Series 2023  | 4.25% | 08/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 513139 |
| **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** |
| International Leadership of Texas, Inc. Refunding RB Series 2025A  | 5.00% | 02/15/27 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1024400 |
| International Leadership of Texas, Inc. Refunding RB Series 2025A  | 5.00% | 02/15/29 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 575000 | &nbsp;&nbsp; 615264 |
| International Leadership of Texas, Inc. Refunding RB Series 2025A  | 5.00% | 02/15/32 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2875000 | &nbsp;&nbsp; 3234653 |
| **Georgetown Independent School District** | **Georgetown Independent School District** | **Georgetown Independent School District** | **Georgetown Independent School District** | **Georgetown Independent School District** |
| GO Bonds Series 2024  | 5.00% | 02/15/35 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1992549 |
| **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** |
| City of Sherman Water & Sewer System Revenue RB Series 2023A  | 4.38% | 10/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1947115 |
| **Greenwood Independent School District** | **Greenwood Independent School District** | **Greenwood Independent School District** | **Greenwood Independent School District** | **Greenwood Independent School District** |
| GO Bonds Series 2024  | 4.00% | 02/15/54 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 929191 |
| **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** |
| Baylor College of Medicine RB Series 2024A  | 5.00% | 05/15/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2139780 |
| **Harris County Hospital District** | **Harris County Hospital District** | **Harris County Hospital District** | **Harris County Hospital District** | **Harris County Hospital District** |
| GO Bonds Series 2025  | 5.00% | 02/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1681260 |
| **Humble Independent School District** | **Humble Independent School District** | **Humble Independent School District** | **Humble Independent School District** | **Humble Independent School District** |
| Refunding GO Bonds Series 2025  | 5.00% | 02/15/30 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1380538 |
| Refunding GO Bonds Series 2025  | 5.00% | 02/15/31 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2251178 |
| **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** |
| GO Bonds Series 2023A  | 4.00% | 02/15/48 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1360000 | &nbsp;&nbsp; 1292414 |

---

*See financial notes*

**16**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mission Economic Development Corp.** | **Mission Economic Development Corp.** | **Mission Economic Development Corp.** | **Mission Economic Development Corp.** | **Mission Economic Development Corp.** |
| Waste Management, Inc. RB Series 2020A  | 3.45% | 05/01/46 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp; 1900000 |
| Waste Management, Inc. RB Series 2025A  | 3.45% | 06/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp; 1800000 |
| Waste Management, Inc. Refunding RB Series 2020B  | 3.45% | 07/01/40 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2500000 |
| **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** |
| Hughen Center, Inc. RB Series 2022A  | 5.00% | 08/15/37 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 555111 |
| Hughen Center, Inc. RB Series 2022A  | 5.00% | 08/15/42 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 646179 |
| Hughen Center, Inc. RB Series 2022A  | 5.00% | 08/15/47 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp; 705055 |
| Hughen Center, Inc. RB Series 2022A  | 5.00% | 08/15/52 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512585 |
| Orenda Education RB Series 2023A  | 5.00% | 08/15/43 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1865000 | &nbsp;&nbsp; 1990379 |
| Orenda Education RB Series 2023A  | 4.00% | 08/15/48 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 937650 |
| **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** |
| Refunding RB Series 2025B  | 5.25% | 01/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 534298 |
| **North Texas Municipal Water District Upper East Fork Wastewater Interceptor System** | **North Texas Municipal Water District Upper East Fork Wastewater Interceptor System** | **North Texas Municipal Water District Upper East Fork Wastewater Interceptor System** | **North Texas Municipal Water District Upper East Fork Wastewater Interceptor System** | **North Texas Municipal Water District Upper East Fork Wastewater Interceptor System** |
| RB Series 2025  | 4.00% | 06/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2049216 |
| **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** |
| Refunding RB Series 2025  | 5.00% | 09/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 782579 |
| Refunding RB Series 2025  | 5.00% | 09/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1069987 |
| **North Texas Tollway Authority** | **North Texas Tollway Authority** | **North Texas Tollway Authority** | **North Texas Tollway Authority** | **North Texas Tollway Authority** |
| Tollway System Refunding RB Series 2025A  | 5.00% | 01/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp; 803604 |
| **Northside Independent School District** | **Northside Independent School District** | **Northside Independent School District** | **Northside Independent School District** | **Northside Independent School District** |
| Refunding GO Bonds Series 2024B  | 3.45% | 08/01/54 *(a)(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2465000 | &nbsp;&nbsp; 2498334 |
| **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** |
| Refunding RB Series 2025A  | 5.00% | 07/01/31 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2850211 |
| **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** |
| GO Bonds Series 2019B  | 4.00% | 02/15/50 *(a)(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2519044 |
| GO Bonds Series 2025  | 4.75% | 02/15/55 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1530876 |
| **Rockwall Independent School District** | **Rockwall Independent School District** | **Rockwall Independent School District** | **Rockwall Independent School District** | **Rockwall Independent School District** |
| GO Bonds Series 2023  | 4.00% | 02/15/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1856047 |
| **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** |
| Baylor Scott & White Health Obligated Group RB Series 2022D  | 5.00% | 11/15/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1033030 |
| **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** |
| RB Series 2018A  | 4.75% | 03/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 405000 | &nbsp;&nbsp; 409349 |
| RB Series 2019A  | 4.75% | 01/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 608583 |
| RB Series 2026A  | 4.15% | 07/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2033748 |
| **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** |
| Refunding RB Series 2021  | 5.00% | 12/15/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1371269 |
| **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** |
| RB Series 2025  | 5.00% | 01/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2206402 |
| **Texas Municipal Power Agency** | **Texas Municipal Power Agency** | **Texas Municipal Power Agency** | **Texas Municipal Power Agency** | **Texas Municipal Power Agency** |
| Refunding RB Series 2021  | 3.00% | 09/01/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp; 876220 |
| **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** |
| NTE Mobility Partners LLC RB Series 2023  | 5.50% | 12/31/58 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1835000 | &nbsp;&nbsp; 1905672 |
| **Texas State Affordable Housing Corp.** | **Texas State Affordable Housing Corp.** | **Texas State Affordable Housing Corp.** | **Texas State Affordable Housing Corp.** | **Texas State Affordable Housing Corp.** |
| RB Series 2019A  | 4.25% | 03/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 505000 | &nbsp;&nbsp; 510357 |
| **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** |
| State Revolving Fund RB Series 2025  | 4.50% | 10/15/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 372485 |
| State Revolving Fund RB Series 2025  | 4.50% | 10/15/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519495 |
| State Revolving Fund RB Series 2025  | 4.75% | 10/15/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1029090 |
|  |  |  |  | &nbsp;&nbsp; **77733057** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**17**

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **UTAH** 0.5%  | **UTAH** 0.5%  | **UTAH** 0.5%  | **UTAH** 0.5%  | **UTAH** 0.5%  |
| **Downtown Revitalization Public Infrastructure District** | **Downtown Revitalization Public Infrastructure District** | **Downtown Revitalization Public Infrastructure District** | **Downtown Revitalization Public Infrastructure District** | **Downtown Revitalization Public Infrastructure District** |
| City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025A  | 5.00% | 06/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 568743 |
| City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025A  | 5.25% | 06/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 562112 |
| City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025B  | 5.00% | 06/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566183 |
| City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025B  | 5.25% | 06/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 562112 |
| **Utah Board of Higher Education** | **Utah Board of Higher Education** | **Utah Board of Higher Education** | **Utah Board of Higher Education** | **Utah Board of Higher Education** |
| Salt Lake Community College Student Building Fee Revenue RB Series 2018  | 5.00% | 03/01/27 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp; 361761 |
| Salt Lake Community College Student Building Fee Revenue RB Series 2018  | 5.00% | 03/01/28 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp; 425832 |
|  |  |  |  | &nbsp;&nbsp; **3046743** |
| **VERMONT** 0.0%  | **VERMONT** 0.0%  | **VERMONT** 0.0%  | **VERMONT** 0.0%  | **VERMONT** 0.0%  |
| **Vermont Housing Finance Agency** | **Vermont Housing Finance Agency** | **Vermont Housing Finance Agency** | **Vermont Housing Finance Agency** | **Vermont Housing Finance Agency** |
| RB Series 2018C  | 4.75% | 11/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 263000 | &nbsp;&nbsp; **264677** |
| **VIRGINIA** 0.2%  | **VIRGINIA** 0.2%  | **VIRGINIA** 0.2%  | **VIRGINIA** 0.2%  | **VIRGINIA** 0.2%  |
| **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** |
| Inova Health System Obligated Group RB Series 2024  | 4.13% | 05/15/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp; **1319590** |
| **WASHINGTON** 3.2%  | **WASHINGTON** 3.2%  | **WASHINGTON** 3.2%  | **WASHINGTON** 3.2%  | **WASHINGTON** 3.2%  |
| **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** |
| Sales Motor Vehicle & Rental Car Tax RB Series 2016S-1  | 5.00% | 11/01/46  | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2605201 |
| **Grant County School District No. 161 Moses Lake** | **Grant County School District No. 161 Moses Lake** | **Grant County School District No. 161 Moses Lake** | **Grant County School District No. 161 Moses Lake** | **Grant County School District No. 161 Moses Lake** |
| GO Bonds Series 2018  | 5.00% | 12/01/34 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1054382 |
| GO Bonds Series 2018  | 5.00% | 12/01/35 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1314670 |
| **King County School District No. 403 Renton** | **King County School District No. 403 Renton** | **King County School District No. 403 Renton** | **King County School District No. 403 Renton** | **King County School District No. 403 Renton** |
| GO Bonds Series 2023  | 4.00% | 12/01/41 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028251 |
| **King County School District No. 406 Tukwila** | **King County School District No. 406 Tukwila** | **King County School District No. 406 Tukwila** | **King County School District No. 406 Tukwila** | **King County School District No. 406 Tukwila** |
| GO Bonds Series 2018  | 5.00% | 12/01/37 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2830000 | &nbsp;&nbsp; 2967132 |
| **Port of Seattle** | **Port of Seattle** | **Port of Seattle** | **Port of Seattle** | **Port of Seattle** |
| RB Series 2025B  | 5.00% | 10/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1065052 |
| **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** |
| RB Series 2024  | 5.50% | 12/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 334417 |
| RB Series 2024  | 5.50% | 12/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554131 |
| **State of Washington** | **State of Washington** | **State of Washington** | **State of Washington** | **State of Washington** |
| GO Bonds Series 2021C  | 5.00% | 02/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1190811 |
| GO Bonds Series 2025A  | 5.00% | 08/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1161321 |
| Refunding GO Bonds Series 2025R-2025E  | 5.00% | 08/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2210000 | &nbsp;&nbsp; 2544936 |
| **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** |
| Overlake Hospital Medical Center Obligated Group Refunding RB Series 2014  | 5.00% | 07/01/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp; 780638 |
| Overlake Hospital Medical Center Obligated Group Refunding RB Series 2017B  | 5.00% | 07/01/32 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1845000 | &nbsp;&nbsp; 1907857 |
| **Washington State Housing Finance Commission** | **Washington State Housing Finance Commission** | **Washington State Housing Finance Commission** | **Washington State Housing Finance Commission** | **Washington State Housing Finance Commission** |
| Provident Group-SH I Properties LLC RB Series 2024  | 5.00% | 07/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1404088 |
|  |  |  |  | &nbsp;&nbsp; **19912887** |
| **WEST VIRGINIA** 0.2%  | **WEST VIRGINIA** 0.2%  | **WEST VIRGINIA** 0.2%  | **WEST VIRGINIA** 0.2%  | **WEST VIRGINIA** 0.2%  |
| **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** |
| Vandalia Health, Inc. Obligated Group RB Series 2023B  | 6.00% | 09/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; **1092152** |

---

*See financial notes*

**18**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **WISCONSIN** 1.5%  | **WISCONSIN** 1.5%  | **WISCONSIN** 1.5%  | **WISCONSIN** 1.5%  | **WISCONSIN** 1.5%  |
| **Racine Unified School District** | **Racine Unified School District** | **Racine Unified School District** | **Racine Unified School District** | **Racine Unified School District** |
| Refunding GO Bonds Series 2024  | 4.00% | 04/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1265000 | &nbsp;&nbsp; 1277673 |
| **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** |
| Refunding GO Bonds Series 2023-2  | 5.00% | 05/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2310029 |
| Refunding GO Bonds Series 20261  | 5.00% | 05/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1167358 |
| **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** |
| RB Series 2020D  | 3.20% | 12/15/35 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 2900000 | &nbsp;&nbsp; 2105723 |
| **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** |
| Franciscan Sisters of Christian Charity Sponsored Ministries, Inc. Obligated Group <br> RB Series 2017A <br>| 5.00% | 09/01/31 *(b)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1042683 |
| Franciscan Sisters of Christian Charity Sponsored Ministries, Inc. Obligated Group <br> RB Series 2017A <br>| 5.00% | 09/01/32 *(b)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1025000 | &nbsp;&nbsp; 1068751 |
|  |  |  |  | &nbsp;&nbsp; **8972217** |
| **Total Municipal Securities** <br>**(Cost $602,431,932)** | **Total Municipal Securities** <br>**(Cost $602,431,932)** | **Total Municipal Securities** <br>**(Cost $602,431,932)** | **Total Municipal Securities** <br>**(Cost $602,431,932)** | &nbsp;&nbsp; **621318474** |
| **Total Investments in Securities** <br>**(Cost $602,431,932)** | **Total Investments in Securities** <br>**(Cost $602,431,932)** | **Total Investments in Securities** <br>**(Cost $602,431,932)** | **Total Investments in Securities** <br>**(Cost $602,431,932)** | &nbsp;&nbsp; **621318474** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Zero coupon bond. When a security is purchased with a zero coupon rate the effective yield at the time of purchase is shown.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* Credit-enhanced or liquidity-enhanced.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index.

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* Refunded bond.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| COP — | Certificate of participation |
| GO — | General obligation |
| RB — | Revenue bond |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate <br> Demand Obligations with certain characteristics.<br>|
| VRDN — | Variable rate demand note |

---

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN <br>ACTIVE MARKETS FOR <br>IDENTICAL ASSETS <br>(LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT <br>OBSERVABLE INPUTS <br>(LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT <br>UNOBSERVABLE INPUTS <br>(LEVEL 3)<br>| TOTAL |
| **<u>Assets</u>** |  |  |  |  |
| Municipal Securities<sup>1</sup> <br>| $— | &nbsp;&nbsp; $621318474 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $621318474 |
| **Total** | **$—** | &nbsp;&nbsp; **$621318474** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$621318474** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings.

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**19**

------

Schwab Tax-Free Bond Fund

Statement of Assets and Liabilities

------

As of February 28, 2026; unaudited

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated issuers (cost $602,431,932) |  | $621318474 |
| Cash |  | 7174 |
| Receivables: |  |  |
| Interest |  | 6401513 |
| Fund shares sold |  | 1354385 |
| Prepaid expenses | + | 47220 |
| **Total assets** |  | **629128766** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Payables: |  |  |
| Investments bought - delayed-delivery |  | 9229605 |
| Distributions to shareholders |  | 758007 |
| Fund shares redeemed |  | 115512 |
| Investment adviser fees |  | 92973 |
| Shareholder service fees |  | 67691 |
| Accrued expenses | + | 66126 |
| **Total liabilities** |  | **10329914** |
| **Net assets** |  | **$618798852** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $641104001 |
| Total distributable loss | + | (22305149)<br>|
| **Net assets** |  | **$618798852** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $618798852 |  | &nbsp;&nbsp;&nbsp;&nbsp; 55634618 |  | &nbsp;&nbsp;&nbsp;&nbsp; $11.12 |

---

*See financial notes*

**20**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Tax-Free Bond Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| **Interest received from securities - unaffiliated issuers** |  | **$11268145** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser and administrator fees |  | 634757 |
| Shareholder service fees |  | 418836 |
| Portfolio accounting fees |  | 45039 |
| Registration fees |  | 28571 |
| Professional fees |  | 18986 |
| Shareholder reports |  | 6311 |
| Independent trustees' fees |  | 5269 |
| Custodian fees |  | 3154 |
| Transfer agent fees  |  | 800 |
| Other expenses | + | 2315 |
| **Total expenses** |  | **1164038** |
| Expense reduction | – | 67643 |
| **Net expenses** | – | **1096395** |
| **Net investment income** |  | **10171750** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| **Net realized losses on sales of securities - unaffiliated issuers**  |  | **(96570)**<br>|
| **Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers** | + | **23150136** |
| **Net realized and unrealized gains** |  | **23053566** |
| **Increase in net assets resulting from operations** |  | **$33225316** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**21**

------

Schwab Tax-Free Bond Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

Figures for the current period are unaudited

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 |
| Net investment income |  | $10171750 | &nbsp;&nbsp;&nbsp; $20063504 |
| Net realized losses |  | (96570)<br>| &nbsp;&nbsp;&nbsp; (6981582)<br>|
| Net change in unrealized appreciation (depreciation) | + | 23150136 | &nbsp;&nbsp;&nbsp; (12565919)<br>|
| **Increase in net assets resulting from operations** |  | **$33225316** | &nbsp;&nbsp;&nbsp; **$516003** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($10123539)**<br>| &nbsp;&nbsp;&nbsp; **($20045944)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 13381286 | &nbsp;&nbsp;&nbsp; $146603230 | &nbsp;&nbsp;&nbsp; 19771931 | &nbsp;&nbsp;&nbsp; $214308683 |
| Shares reinvested |  | 525003 | &nbsp;&nbsp;&nbsp; 5765189 | &nbsp;&nbsp;&nbsp; 994641 | &nbsp;&nbsp;&nbsp; 10774942 |
| Shares redeemed | + | (8882178)<br>| &nbsp;&nbsp;&nbsp; (97326869)<br>| &nbsp;&nbsp;&nbsp; (23708478)<br>| &nbsp;&nbsp;&nbsp; (256509852)<br>|
| **Net transactions in fund shares**  |  | **5024111** | &nbsp;&nbsp;&nbsp; **$55041550** | &nbsp;&nbsp;&nbsp; **(2941906)**<br>| &nbsp;&nbsp;&nbsp; **($31426227)**<br>|
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 50610507 | &nbsp;&nbsp;&nbsp; $540655525 | &nbsp;&nbsp;&nbsp; 53552413 | &nbsp;&nbsp;&nbsp; $591611693 |
| Total increase (decrease) | + | 5024111 | &nbsp;&nbsp;&nbsp; 78143327 | &nbsp;&nbsp;&nbsp; (2941906)<br>| &nbsp;&nbsp;&nbsp; (50956168)<br>|
| **End of period** |  | **55634618** | &nbsp;&nbsp;&nbsp; **$618798852** | &nbsp;&nbsp;&nbsp; **50610507** | &nbsp;&nbsp;&nbsp; **$540655525** |

---

*See financial notes*

**22**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 9/1/25– <br>2/28/26\*<br>| 9/1/24– <br>8/31/25<br>| 9/1/23– <br>8/31/24<br>| 9/1/22– <br>8/31/23<br>| 9/1/21– <br>8/31/22<br>| 9/1/20– <br>8/31/21<br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $10.84 | &nbsp;&nbsp; $11.17 | &nbsp;&nbsp; $10.91 | &nbsp;&nbsp; $11.01 | &nbsp;&nbsp; $12.24 | &nbsp;&nbsp; $12.26 |
| Income (loss) from investment operations: |  |  |  |  |  |  |
| Net investment income (loss)<sup>1</sup> <br>| 0.18 | 0.36 | 0.34 | 0.28 | 0.21 | 0.20 |
| Net realized and unrealized gains (losses) | 0.43 | &nbsp;&nbsp; (0.34)<br>| 0.26 | &nbsp;&nbsp; (0.10)<br>| &nbsp;&nbsp; (1.17)<br>| 0.07 |
| Total from investment operations | 0.61 | 0.02 | 0.60 | 0.18 | &nbsp;&nbsp; (0.96)<br>| 0.27 |
| Less distributions: |  |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.35)<br>| &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (0.20)<br>|
| Distributions from net realized gains  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.06)<br>| &nbsp;&nbsp; (0.09)<br>|
| Total distributions | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.35)<br>| &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.29)<br>|
| Net asset value at end of period | &nbsp;&nbsp; $11.27 | &nbsp;&nbsp; $10.84 | &nbsp;&nbsp; $11.17 | &nbsp;&nbsp; $10.91 | &nbsp;&nbsp; $11.01 | &nbsp;&nbsp; $12.24 |
| Total return | 5.65 %<sup>2</sup><br>| 0.21<br> %<br>| 5.55<br> %<br>| 1.65<br> %<br>| &nbsp;&nbsp; (7.97<br> %)<br>| 2.25<br> %<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |  |
| Net expenses | 0.38 %<sup>3</sup><br>| 0.38<br> %<br>| 0.38<br> %<br>| 0.38<br> %<br>| 0.48 %<sup>4,5</sup><br>| 0.49<br> %<br>|
| Total expenses | 0.40 %<sup>3</sup><br>| 0.41<br> %<br>| 0.41<br> %<br>| 0.41<br> %<br>| 0.56 %<sup>5</sup><br>| 0.58<br> %<br>|
| Net investment income (loss) | 3.26 %<sup>3</sup><br>| 3.24<br> %<br>| 3.05<br> %<br>| 2.55<br> %<br>| 1.78<br> %<br>| 1.64<br> %<br>|
| Portfolio turnover rate | &nbsp;&nbsp; 15 %<sup>2,6</sup><br>| &nbsp;&nbsp; 35 %<sup>6</sup><br>| &nbsp;&nbsp; 81 %<sup>7</sup><br>| &nbsp;&nbsp; 65 %<sup>7</sup><br>| &nbsp;&nbsp; 67 %<sup>7</sup><br>| &nbsp;&nbsp; 43 %<sup>7</sup><br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $590 | &nbsp;&nbsp; $468 | &nbsp;&nbsp; $439 | &nbsp;&nbsp; $400 | &nbsp;&nbsp; $420 | &nbsp;&nbsp; $504 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Unaudited.

<sup>1</sup> Calculated based on the average shares outstanding during the period.

<sup>2</sup> Not annualized.

<sup>3</sup> Annualized.

<sup>4</sup> Effective July 1, 2022, the net operating expense limitation was lowered from 0.49% to 0.38%. The ratio presented for the year ended August 31, 2022, is a blended ratio.

<sup>5</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>6</sup> Portfolio turnover rate excludes variable rate demand note transactions.

<sup>7</sup> In the period ended August 31, 2025, variable rate demand notes are excluded from the portfolio turnover rate. In applying a similar exclusion for the periods ended August 31, 2024, August 31, 2023, August 31, 2022, and August 31, 2021, portfolio turnover rates would have been 41%, 36%, 35%, and 25%, respectively. 

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**23**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited)

------

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). For variable rate securities, the rate shown is the rate as of the report date based on each security's rate reset date and when a security is purchased with a zero coupon rate, the effective yield at the time of purchase is shown. The reference rate and spread used is shown parenthetically in the security description, if available; if not, the reference rate is described in a footnote. The maturity date shown for all the securities is the final legal maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MUNICIPAL SECURITIES** 101.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 101.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 101.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 101.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 101.5% OF NET ASSETS |
| **CALIFORNIA** 99.3%  | **CALIFORNIA** 99.3%  | **CALIFORNIA** 99.3%  | **CALIFORNIA** 99.3%  | **CALIFORNIA** 99.3%  |
| **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** |
| RB Series 2024C  | 4.90% | 10/01/49 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 328873 |
| RB Series 2024C  | 5.03% | 10/01/53 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 262254 |
| Refunding RB Series 2022A  | 5.40% | 10/01/50 *(a)(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 1781158 |
| **Alameda County Fire Department** | **Alameda County Fire Department** | **Alameda County Fire Department** | **Alameda County Fire Department** | **Alameda County Fire Department** |
| GO Bonds Series 2025  | 5.00% | 06/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp; 709082 |
| GO Bonds Series 2025  | 5.00% | 06/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1321232 |
| **Alhambra Unified School District** | **Alhambra Unified School District** | **Alhambra Unified School District** | **Alhambra Unified School District** | **Alhambra Unified School District** |
| GO Bonds Series 2023B  | 5.25% | 08/01/48 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1078398 |
| **Anaheim Housing & Public Improvements Authority** | **Anaheim Housing & Public Improvements Authority** | **Anaheim Housing & Public Improvements Authority** | **Anaheim Housing & Public Improvements Authority** | **Anaheim Housing & Public Improvements Authority** |
| Electric System Revenue RB Series 2025A  | 5.00% | 10/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 511974 |
| Electric System Revenue Refunding RB Series 2025B  | 5.00% | 10/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 568860 |
| **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** |
| GO Bonds Series 2025D  | 4.65% | 08/01/44 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 380112 |
| GO Bonds Series 2025D  | 4.71% | 08/01/46 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 396723 |
| **Bay Area Toll Authority** | **Bay Area Toll Authority** | **Bay Area Toll Authority** | **Bay Area Toll Authority** | **Bay Area Toll Authority** |
| Refunding RB Series 2023A  | 1.25% | 04/01/55 *(a)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 1475000 | &nbsp;&nbsp; 1475000 |
| Refunding RB Series 2023B  | 1.40% | 04/01/55 *(a)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250000 |
| Refunding RB Series 2026A  | 5.00% | 04/01/61 *(a)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4698889 |
| **Beverly Hills Unified School District** | **Beverly Hills Unified School District** | **Beverly Hills Unified School District** | **Beverly Hills Unified School District** | **Beverly Hills Unified School District** |
| GO Bonds Series 2009  | 4.04% | 08/01/26 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 555000 | &nbsp;&nbsp; 550603 |
| GO Bonds Series 2017  | 4.06% | 08/01/34 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 7705000 | &nbsp;&nbsp; 5513476 |
| **Burbank-Glendale-Pasadena Airport Authority Brick Campaign** | **Burbank-Glendale-Pasadena Airport Authority Brick Campaign** | **Burbank-Glendale-Pasadena Airport Authority Brick Campaign** | **Burbank-Glendale-Pasadena Airport Authority Brick Campaign** | **Burbank-Glendale-Pasadena Airport Authority Brick Campaign** |
| RB Series 2024B  | 4.38% | 07/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 980750 |
| **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** |
| RB Series 2022A-1  | 4.00% | 05/01/53 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5119958 |
| RB Series 2023B-1  | 5.00% | 07/01/53 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1995000 | &nbsp;&nbsp; 2122263 |
| RB Series 2023C  | 5.25% | 01/01/54 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp; 4032093 |
| RB Series 2023D  | 5.50% | 05/01/54 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp; 6393988 |
| RB Series 2023E-1  | 5.00% | 02/01/54 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2164130 |
| RB Series 2023F  | 5.50% | 10/01/54 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 4465000 | &nbsp;&nbsp; 4909317 |
| RB Series 2023G  | 5.25% | 11/01/54 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2157791 |
| RB Series 2024A-1  | 5.00% | 05/01/54 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1090895 |
| RB Series 2024E  | 5.00% | 02/01/55 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2189076 |
| RB Series 2025A-1  | 5.00% | 04/01/56 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4442714 |
| RB Series 2025B  | 5.00% | 03/01/56 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3335409 |
| RB Series 2025C  | 5.00% | 12/01/55 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4343026 |
| RB Series 2026  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2454416 |
| **California County Tobacco Securitization Agency** | **California County Tobacco Securitization Agency** | **California County Tobacco Securitization Agency** | **California County Tobacco Securitization Agency** | **California County Tobacco Securitization Agency** |
| Los Angeles County Securitization Corp. Refunding RB Series 2020A  | 4.00% | 06/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp; 335946 |

---

*See financial notes*

**24**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** |
| Leland Stanford Junior University RB Series 2025V-4  | 5.00% | 03/01/55 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1170470 |
| Leland Stanford Junior University RB Series 2025V-5  | 5.00% | 03/01/55 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1555608 |
| St. Mary's College of California Refunding RB Series 2023A  | 5.25% | 10/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 665000 | &nbsp;&nbsp; 675223 |
| University of Redlands RB Series 2022A  | 5.00% | 10/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1538865 |
| University of Southern California RB Series 2025A  | 5.00% | 10/01/35  | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3765253 |
| **California Enterprise Development Authority** | **California Enterprise Development Authority** | **California Enterprise Development Authority** | **California Enterprise Development Authority** | **California Enterprise Development Authority** |
| Sage Hill School Refunding RB Series 2024  | 5.00% | 12/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp; 645075 |
| **California Health Facilities Financing Authority** | **California Health Facilities Financing Authority** | **California Health Facilities Financing Authority** | **California Health Facilities Financing Authority** | **California Health Facilities Financing Authority** |
| Adventist Health System/West Obligated Group RB Series 2024A  | 5.25% | 12/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 557389 |
| CommonSpirit Health Obligated Group RB Series 2024A  | 5.00% | 12/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1165000 | &nbsp;&nbsp; 1324510 |
| CommonSpirit Health Obligated Group RB Series 2024A  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1402012 |
| CommonSpirit Health Obligated Group Refunding RB Series 2020A  | 4.00% | 04/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2564848 |
| CommonSpirit Health Obligated Group Refunding RB Series 2020A  | 4.00% | 04/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp; 2647467 |
| Episcopal Communities & Services for Seniors Obligated Group RB Series 2024A  | 3.85% | 11/15/27 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1300578 |
| Kaiser Foundation Hospitals RB Series 2017A-2  | 4.00% | 11/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1967352 |
| Marshall Medical Center Refunding RB Series 2015  | 5.00% | 11/01/28 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 801802 |
| On Lok Senior Health Services Obligated Group Refunding RB Series 2020  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 792206 |
| **California Housing Finance Agency** | **California Housing Finance Agency** | **California Housing Finance Agency** | **California Housing Finance Agency** | **California Housing Finance Agency** |
| RB Series 2021-2  | 3.75% | 03/25/35  | &nbsp;&nbsp;&nbsp;&nbsp; 1877455 | &nbsp;&nbsp; 1963534 |
| RB Series 2024A-1  | 4.25% | 08/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1992705 |
| RB Series 2025B  | 4.35% | 02/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2029336 |
| Century WLAVA 4 LP RB Series 2025  | 2.95% | 06/01/46 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506205 |
| City & County of San Francisco RB Series 2020N  | 4.00% | 04/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp; 587573 |
| **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** |
| Academy of Motion Picture Arts & Sciences Obligated Group Refunding RB Series <br> 2023A <br>| 4.00% | 11/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2063423 |
| Broad RB Series 2025A  | 5.00% | 06/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2422143 |
| Walt Disney Family Museum LLC Refunding RB Series 2016  | 5.00% | 02/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250556 |
| Walt Disney Family Museum LLC Refunding RB Series 2016  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp; 330738 |
| Walt Disney Family Museum LLC Refunding RB Series 2016  | 5.00% | 02/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 350776 |
| **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** |
| Aldersly RB Series 2023A  | 5.00% | 05/15/53 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2610150 |
| BOLD Program Special Tax Series 2023B  | 5.75% | 09/01/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1058477 |
| Caritas Corp. CMFA Mobile Home Park Financing RB Series 2023A  | 5.25% | 08/15/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp; 930467 |
| Caritas Corp. CMFA Mobile Home Park Financing 2024 Portfolio Refunding RB <br> Series 2024A <br>| 5.00% | 08/15/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp; 746465 |
| Caritas Corp. CMFA Mobile Home Park Financing 2024 Portfolio Refunding RB <br> Series 2024A <br>| 5.00% | 08/15/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp; 409950 |
| Channing House Refunding RB Series 2017A  | 5.00% | 05/15/27 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 362361 |
| Channing House Refunding RB Series 2017A  | 5.00% | 05/15/34 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 1040000 | &nbsp;&nbsp; 1069663 |
| Eisenhower Medical Center Refunding RB Series 2017B  | 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 616384 |
| Eisenhower Medical Center Refunding RB Series 2017B  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1179553 |
| EL Camino LP RB Series 2026  | 2.50% | 03/01/46 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp; 550281 |
| HumanGood California Obligated Group Refunding RB Series 2019A  | 4.00% | 10/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp; 658991 |
| HumanGood California Obligated Group Refunding RB Series 2019A  | 4.00% | 10/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 754468 |
| HumanGood California Obligated Group Refunding RB Series 2019A  | 4.00% | 10/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502927 |
| HumanGood California Obligated Group Refunding RB Series 2025A  | 5.00% | 10/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1710462 |
| HumanGood California Obligated Group Refunding RB Series 2025A  | 5.00% | 10/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2124143 |
| Ignatian Corp. RB Series 2024A  | 5.00% | 09/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp; 614197 |
| Ignatian Corp. RB Series 2024A  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1737953 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**25**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Inland Christian Home, Inc. RB Series 2020  | 4.00% | 12/01/39 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 515057 |
| Institute on Aging Refunding RB Series 2017  | 5.00% | 08/15/29 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260524 |
| Institute on Aging Refunding RB Series 2017  | 5.00% | 08/15/31 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 575000 | &nbsp;&nbsp; 597560 |
| Institute on Aging Refunding RB Series 2017  | 5.00% | 08/15/32 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259462 |
| Institute on Aging Refunding RB Series 2017  | 5.00% | 08/15/33 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258820 |
| Palomar Health Obligated Group Refunding COP Series 2022A  | 5.00% | 11/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102908 |
| Palomar Health Obligated Group Refunding COP Series 2022A  | 5.00% | 11/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120437 |
| Palomar Health Obligated Group Refunding COP Series 2022A  | 5.00% | 11/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp; 132531 |
| Palomar Health Obligated Group Refunding COP Series 2022A  | 5.00% | 11/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106941 |
| Palomar Health Obligated Group Refunding COP Series 2022A  | 5.25% | 11/01/52 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2040459 |
| PRS-California Obligated Group Refunding RB Series 2024A  | 5.00% | 04/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028388 |
| Republic Services, Inc. RB Series 2021B  | 3.25% | 07/01/51 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1250722 |
| Republic Services, Inc. Refunding RB Series 2021A  | 3.45% | 07/01/41 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1000279 |
| Samuel Merritt University RB Series 2022  | 5.25% | 06/01/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2097983 |
| Scripps College RB Series 2025  | 5.00% | 07/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 335009 |
| Scripps College RB Series 2025  | 5.00% | 07/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp; 528635 |
| Scripps College RB Series 2025  | 5.00% | 07/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 576883 |
| Scripps College RB Series 2025  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 788447 |
| System Management Group RB Series 2019A  | 5.00% | 04/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp; 651420 |
| System Management Group RB Series 2019A  | 5.00% | 04/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1134589 |
| University of La Verne Refunding RB Series 2017A  | 5.00% | 06/01/28 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1026288 |
| University of La Verne Refunding RB Series 2017A  | 5.00% | 06/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1025044 |
| Waste Management, Inc. RB Series 2017A  | 3.45% | 12/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1504913 |
| Waste Management, Inc. RB Series 2020A  | 3.45% | 10/01/45 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1500000 |
| Waste Management, Inc. RB Series 2022A  | 3.45% | 10/01/41 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1011961 |
| **California Pollution Control Financing Authority** | **California Pollution Control Financing Authority** | **California Pollution Control Financing Authority** | **California Pollution Control Financing Authority** | **California Pollution Control Financing Authority** |
| Republic Services, Inc. RB Series 2017A-1  | 3.25% | 11/01/42 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1000187 |
| Republic Services, Inc. RB Series 2019A-2  | 3.25% | 11/01/42 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1000187 |
| Republic Services, Inc. Refunding RB Series 2023  | 2.88% | 07/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1500390 |
| **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** |
| Henry Mayo Newhall Hospital Obligated Group Refunding RB Series 2017  | 5.00% | 10/15/33 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp; 428836 |
| Henry Mayo Newhall Hospital Obligated Group Refunding RB Series 2017  | 5.00% | 10/15/47 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 600453 |
| Hoag Memorial Hospital Presbyterian Obligated Group RB Series 2022B-1  | 1.25% | 07/15/62 *(a)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 2310000 | &nbsp;&nbsp; 2310000 |
| Hoag Memorial Hospital Presbyterian Obligated Group RB Series 2022B-2  | 1.25% | 07/15/62 *(a)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 675000 | &nbsp;&nbsp; 675000 |
| P3 Irvine SL Holdings LLC Obligated Group RB Series 2024A  | 6.50% | 06/01/54 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3420683 |
| PIH Health, Inc. Obligated Group Refunding RB Series 2024A  | 5.00% | 06/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | &nbsp;&nbsp; 1304552 |
| **California School Finance Authority** | **California School Finance Authority** | **California School Finance Authority** | **California School Finance Authority** | **California School Finance Authority** |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp; 247349 |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp; 266704 |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp; 281777 |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp; 302313 |
| Kipp SoCal Public Schools Obligated Group RB Series 2017A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp; 599428 |
| **California State Public Works Board** | **California State Public Works Board** | **California State Public Works Board** | **California State Public Works Board** | **California State Public Works Board** |
| RB Series 2025A  | 5.00% | 04/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1175239 |
| Refunding RB Series 2022C  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2865000 | &nbsp;&nbsp; 3259132 |
| Refunding RB Series 2024C  | 5.00% | 09/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1207876 |
| **California State University** | **California State University** | **California State University** | **California State University** | **California State University** |
| California State Univ CP Series A2  | 2.53% | 03/05/26 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3000206 |
| Refunding RB Series 2015A  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40074 |
| Refunding RB Series 2016B-3  | 3.13% | 11/01/51 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp; 2200185 |

---

*See financial notes*

**26**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Refunding RB Series 2025A  | 5.00% | 11/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1065000 | &nbsp;&nbsp; 1156867 |
| Refunding RB Series 2025A  | 5.00% | 11/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2309781 |
| **California Statewide Communities Development Authority** | **California Statewide Communities Development Authority** | **California Statewide Communities Development Authority** | **California Statewide Communities Development Authority** | **California Statewide Communities Development Authority** |
| RB Series 2025A  | 5.00% | 10/01/32 *(h)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2895102 |
| RB Series 2025B  | 5.00% | 10/01/35 *(h)* | &nbsp;&nbsp;&nbsp;&nbsp; 2220000 | &nbsp;&nbsp; 2649855 |
| Adventist Health System/West Obligated Group Refunding RB Series 2018A  | 5.00% | 03/01/48 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1765000 | &nbsp;&nbsp; 1779773 |
| CHF-Irvine LLC Refunding RB Series 2016  | 5.00% | 05/15/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502283 |
| CHF-Irvine LLC Refunding RB Series 2016  | 5.00% | 05/15/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1255468 |
| City of Salinas Measure X Sales Tax Revenue COP Series 2018B  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1075000 | &nbsp;&nbsp; 1153163 |
| City of Salinas Measure X Sales Tax Revenue COP Series 2018B  | 5.00% | 12/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1475000 | &nbsp;&nbsp; 1569199 |
| Community Facilities District No. 2021- Special Tax Series 2023  | 5.00% | 09/01/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp; 1830192 |
| Loma Linda University Medical Center Obligated Group RB Series 2018A  | 5.25% | 12/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2558815 |
| Redlands Community Hospital Obligated Group Refunding RB Series 2016  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 809380 |
| Redlands Community Hospital Obligated Group Refunding RB Series 2016  | 5.00% | 10/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp; 707997 |
| USC Obligated Group RB Series 2018  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1787794 |
| USC Obligated Group RB Series 2018  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1355000 | &nbsp;&nbsp; 1422616 |
| Viamonte Senior Living 1, Inc. RB Series 2018A  | 5.00% | 07/01/29 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 320640 |
| Viamonte Senior Living 1, Inc. RB Series 2018A  | 5.00% | 07/01/30 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp; 251033 |
| Viamonte Senior Living 1, Inc. RB Series 2018A  | 5.00% | 07/01/32 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp; 959332 |
| Viamonte Senior Living 1, Inc. RB Series 2018A  | 4.00% | 07/01/35 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp; 282588 |
| Viamonte Senior Living 1, Inc. RB Series 2018A  | 4.00% | 07/01/36 *(a)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp; 435441 |
| **Cambria Community Healthcare District** | **Cambria Community Healthcare District** | **Cambria Community Healthcare District** | **Cambria Community Healthcare District** | **Cambria Community Healthcare District** |
| GO Bonds Series 2025A  | 5.00% | 08/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1059782 |
| **Central Valley Energy Authority** | **Central Valley Energy Authority** | **Central Valley Energy Authority** | **Central Valley Energy Authority** | **Central Valley Energy Authority** |
| RB Series 2025  | 5.00% | 12/01/55 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1110716 |
| RB Series 2026  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3301178 |
| **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** |
| GO Bonds Series 2023G  | 4.30% | 08/01/37 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 654474 |
| GO Bonds Series 2023G  | 4.41% | 08/01/38 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 309180 |
| GO Bonds Series 2023G  | 4.57% | 08/01/41 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 785591 |
| GO Bonds Series 2023G  | 4.60% | 08/01/42 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 495473 |
| **Chico Unified School District** | **Chico Unified School District** | **Chico Unified School District** | **Chico Unified School District** | **Chico Unified School District** |
| GO Bonds Series 2021C  | 4.00% | 08/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1325000 | &nbsp;&nbsp; 1338476 |
| **Chino Valley Unified School District** | **Chino Valley Unified School District** | **Chino Valley Unified School District** | **Chino Valley Unified School District** | **Chino Valley Unified School District** |
| GO Bonds Series 2024D  | 4.27% | 08/01/40 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp; 370839 |
| **City & County of San Francisco** | **City & County of San Francisco** | **City & County of San Francisco** | **City & County of San Francisco** | **City & County of San Francisco** |
| GO Bonds Series 2021E-1  | 4.00% | 06/15/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1960000 | &nbsp;&nbsp; 2008197 |
| **City of Clovis Sewer Revenue** | **City of Clovis Sewer Revenue** | **City of Clovis Sewer Revenue** | **City of Clovis Sewer Revenue** | **City of Clovis Sewer Revenue** |
| Refunding RB Series 2015  | 5.25% | 08/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1062502 |
| **City of Irvine** | **City of Irvine** | **City of Irvine** | **City of Irvine** | **City of Irvine** |
| Community Facilities District No. 2013-3 Area No. 1 Refunding Special Tax Series <br> 2024 <br>| 4.82% | 09/01/50 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1170000 | &nbsp;&nbsp; 364741 |
| Community Facilities District No. 2013-3 Area No. 1 Refunding Special Tax Series <br> 2024 <br>| 4.83% | 09/01/51 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 222103 |
| Community Facilities District No. 2013-3 Improvement Area No. 1 Special Tax <br> Series 2025 <br>| 5.00% | 09/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1078729 |
| **City of Long Beach Airport System Revenue** | **City of Long Beach Airport System Revenue** | **City of Long Beach Airport System Revenue** | **City of Long Beach Airport System Revenue** | **City of Long Beach Airport System Revenue** |
| RB Series 2022C  | 5.25% | 06/01/47 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1042268 |
| **City of Los Angeles** | **City of Los Angeles** | **City of Los Angeles** | **City of Los Angeles** | **City of Los Angeles** |
| Revenue Notes Series 2025  | 5.00% | 06/25/26  | &nbsp;&nbsp;&nbsp;&nbsp; 8115000 | &nbsp;&nbsp; 8185773 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**27**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** |
| RB Series 2018A  | 5.00% | 05/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 795000 | &nbsp;&nbsp; 820094 |
| RB Series 2018A  | 5.00% | 05/15/33 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1288347 |
| RB Series 2019F  | 5.00% | 05/15/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 904243 |
| RB Series 2020C  | 5.00% | 05/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1290000 | &nbsp;&nbsp; 1330719 |
| RB Series 2022A  | 5.00% | 05/15/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2160000 | &nbsp;&nbsp; 2416011 |
| Refunding RB Series 2018B  | 5.00% | 05/15/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1053460 |
| Refunding RB Series 2018D  | 5.00% | 05/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1093459 |
| Refunding RB Series 2021D  | 4.00% | 05/15/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2415000 | &nbsp;&nbsp; 2471041 |
| Refunding RB Series 2022C  | 5.00% | 05/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1031565 |
| Refunding RB Series 2025A  | 5.25% | 05/15/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2301309 |
| Refunding RB Series 2025A  | 5.25% | 05/15/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2652292 |
| **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** |
| Refunding RB Series 2025A  | 5.00% | 06/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 2690000 | &nbsp;&nbsp; 3132879 |
| Refunding RB Series 2025A  | 5.00% | 06/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 1655000 | &nbsp;&nbsp; 2043866 |
| Refunding RB Series 2025C  | 5.00% | 06/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1161911 |
| **City of Palo Alto** | **City of Palo Alto** | **City of Palo Alto** | **City of Palo Alto** | **City of Palo Alto** |
| COP Series 2021  | 2.00% | 11/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 335740 |
| **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** |
| Refunding RB Series 2025F  | 5.00% | 11/01/36  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1902917 |
| **City of Susanville Natural Gas Revenue** | **City of Susanville Natural Gas Revenue** | **City of Susanville Natural Gas Revenue** | **City of Susanville Natural Gas Revenue** | **City of Susanville Natural Gas Revenue** |
| Refunding RB Series 2019  | 4.00% | 06/01/28 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 615000 | &nbsp;&nbsp; 638383 |
| Refunding RB Series 2019  | 4.00% | 06/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp; 706251 |
| **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** |
| RB Series 2021A  | 5.00% | 10/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1014247 |
| **City of Victorville Electric Revenue** | **City of Victorville Electric Revenue** | **City of Victorville Electric Revenue** | **City of Victorville Electric Revenue** | **City of Victorville Electric Revenue** |
| Refunding RB Series 2022A  | 5.00% | 05/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554686 |
| **Colton Joint Unified School District** | **Colton Joint Unified School District** | **Colton Joint Unified School District** | **Colton Joint Unified School District** | **Colton Joint Unified School District** |
| GO Bonds Series 2025  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp; 729080 |
| **Compton Community College District** | **Compton Community College District** | **Compton Community College District** | **Compton Community College District** | **Compton Community College District** |
| GO Bonds Series 2024B  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 710000 | &nbsp;&nbsp; 734608 |
| **Compton Unified School District** | **Compton Unified School District** | **Compton Unified School District** | **Compton Unified School District** | **Compton Unified School District** |
| Refunding GO Bonds Series 2016F  | 5.50% | 06/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 756403 |
| **Corona Utility Authority Water Reclamation Revenue** | **Corona Utility Authority Water Reclamation Revenue** | **Corona Utility Authority Water Reclamation Revenue** | **Corona Utility Authority Water Reclamation Revenue** | **Corona Utility Authority Water Reclamation Revenue** |
| Refunding RB Series 2025  | 5.00% | 09/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1073006 |
| Refunding RB Series 2025  | 5.00% | 09/01/55 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1597029 |
| **Corona Utility Authority Water Revenue** | **Corona Utility Authority Water Revenue** | **Corona Utility Authority Water Revenue** | **Corona Utility Authority Water Revenue** | **Corona Utility Authority Water Revenue** |
| RB Series 2025  | 5.00% | 09/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1071377 |
| **Corona-Norco Unified School District** | **Corona-Norco Unified School District** | **Corona-Norco Unified School District** | **Corona-Norco Unified School District** | **Corona-Norco Unified School District** |
| GO Bonds Series 2002D  | 3.85% | 09/01/27 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp; 2320304 |
| **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** |
| RB Series 2025A  | 5.00% | 07/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 843009 |
| RB Series 2025A  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1441133 |
| **County of San Diego** | **County of San Diego** | **County of San Diego** | **County of San Diego** | **County of San Diego** |
| Sanford Burnham Prebys Medical Discovery Institute Refunding RB Series 2015A  | 5.00% | 11/01/26 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1002014 |
| **Desert Sands Unified School District** | **Desert Sands Unified School District** | **Desert Sands Unified School District** | **Desert Sands Unified School District** | **Desert Sands Unified School District** |
| GO Bonds Series 2025  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 635000 | &nbsp;&nbsp; 672094 |
| **Dinuba Unified School District** | **Dinuba Unified School District** | **Dinuba Unified School District** | **Dinuba Unified School District** | **Dinuba Unified School District** |
| COP Series 2023  | 5.50% | 06/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1251840 |

---

*See financial notes*

**28**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Discovery Bay Public Financing Authority** | **Discovery Bay Public Financing Authority** | **Discovery Bay Public Financing Authority** | **Discovery Bay Public Financing Authority** | **Discovery Bay Public Financing Authority** |
| Discovery Bay Community Services District RB Series 2022  | 5.00% | 12/01/52 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1053762 |
| **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** |
| RB Series 2025A  | 5.00% | 06/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1407802 |
| **Elk Grove Finance Authority** | **Elk Grove Finance Authority** | **Elk Grove Finance Authority** | **Elk Grove Finance Authority** | **Elk Grove Finance Authority** |
| Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025  | 5.00% | 09/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp; 572578 |
| Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp; 653983 |
| Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025  | 5.00% | 09/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1273914 |
| Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025  | 5.00% | 09/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp; 486723 |
| Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025  | 5.00% | 09/01/47 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1071689 |
| Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025  | 5.00% | 09/01/51 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1055297 |
| **Fontana Public Facilities Financing Authority** | **Fontana Public Facilities Financing Authority** | **Fontana Public Facilities Financing Authority** | **Fontana Public Facilities Financing Authority** | **Fontana Public Facilities Financing Authority** |
| Refunding RB Series 2025A  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 560176 |
| Refunding RB Series 2025A  | 5.00% | 11/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 498031 |
| **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** |
| Refunding RB Series 2014A  | 6.85% | 01/15/42 *(a)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1214600 |
| **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** |
| RB Series 2025A  | 5.25% | 04/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1614445 |
| Refunding RB Series 2017A  | 5.00% | 04/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 852018 |
| Refunding RB Series 2017A  | 5.00% | 04/01/28 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1415000 | &nbsp;&nbsp; 1460487 |
| **Fresno Unified School District** | **Fresno Unified School District** | **Fresno Unified School District** | **Fresno Unified School District** | **Fresno Unified School District** |
| GO Bonds Series 2018A  | 4.08% | 08/01/33 *(a)(b)(i)* | &nbsp;&nbsp;&nbsp;&nbsp; 1120000 | &nbsp;&nbsp; 836083 |
| GO Bonds Series 2018A  | 4.18% | 08/01/34 *(a)(b)(i)* | &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp; 1351575 |
| **Goleta Water District** | **Goleta Water District** | **Goleta Water District** | **Goleta Water District** | **Goleta Water District** |
| Refunding RB Series 2023A  | 5.00% | 09/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 444065 |
| **Greenfield Redevelopment Agency** | **Greenfield Redevelopment Agency** | **Greenfield Redevelopment Agency** | **Greenfield Redevelopment Agency** | **Greenfield Redevelopment Agency** |
| Refunding Tax Allocation Series 2016  | 5.00% | 02/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp; 731037 |
| **Hacienda La Puente Unified School District** | **Hacienda La Puente Unified School District** | **Hacienda La Puente Unified School District** | **Hacienda La Puente Unified School District** | **Hacienda La Puente Unified School District** |
| GO Bonds Series 2023A  | 4.00% | 08/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1120371 |
| **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** | **Hastings Campus Housing Finance Authority** |
| RB Series 2020A  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp; 2776894 |
| **Hayward Unified School District** | **Hayward Unified School District** | **Hayward Unified School District** | **Hayward Unified School District** | **Hayward Unified School District** |
| GO Bonds Series 2025B  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 224175 |
| GO Bonds Series 2025B  | 5.00% | 08/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 221864 |
| GO Bonds Series 2025B  | 5.00% | 08/01/47 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1090041 |
| **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** |
| Refunding RB Series 2025  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 674828 |
| **Imperial Unified School District** | **Imperial Unified School District** | **Imperial Unified School District** | **Imperial Unified School District** | **Imperial Unified School District** |
| GO Bonds Series 2017A  | 5.25% | 08/01/43 *(a)(i)* | &nbsp;&nbsp;&nbsp;&nbsp; 1430000 | &nbsp;&nbsp; 1496498 |
| **Independent Cities Finance Authority** | **Independent Cities Finance Authority** | **Independent Cities Finance Authority** | **Independent Cities Finance Authority** | **Independent Cities Finance Authority** |
| Millennium Housing of California Refunding RB Series 2019  | 4.25% | 05/15/26  | &nbsp;&nbsp;&nbsp;&nbsp; 810000 | &nbsp;&nbsp; 812676 |
| Millennium Housing of California Refunding RB Series 2019  | 5.00% | 05/15/48 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2023660 |
| **Indian Wells Redevelopment Successor Agency** | **Indian Wells Redevelopment Successor Agency** | **Indian Wells Redevelopment Successor Agency** | **Indian Wells Redevelopment Successor Agency** | **Indian Wells Redevelopment Successor Agency** |
| Refunding Tax Allocation Series 2015A  | 5.00% | 09/01/27 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1252832 |
| **Inglewood Joint Powers Authority** | **Inglewood Joint Powers Authority** | **Inglewood Joint Powers Authority** | **Inglewood Joint Powers Authority** | **Inglewood Joint Powers Authority** |
| RB Series 2025  | 5.25% | 08/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1620688 |
| RB Series 2025  | 4.38% | 08/01/55 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500626 |
| **Inglewood Redevelopment Successor Agency** | **Inglewood Redevelopment Successor Agency** | **Inglewood Redevelopment Successor Agency** | **Inglewood Redevelopment Successor Agency** | **Inglewood Redevelopment Successor Agency** |
| Refunding Tax Allocation Series 2017A  | 5.00% | 05/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502221 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**29**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Inglewood Unified School District** | **Inglewood Unified School District** | **Inglewood Unified School District** | **Inglewood Unified School District** | **Inglewood Unified School District** |
| GO Bonds Series 2018B  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202111 |
| GO Bonds Series 2018B  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 720000 | &nbsp;&nbsp; 726826 |
| **Kern County Water Agency Improvement District No. 4** | **Kern County Water Agency Improvement District No. 4** | **Kern County Water Agency Improvement District No. 4** | **Kern County Water Agency Improvement District No. 4** | **Kern County Water Agency Improvement District No. 4** |
| Refunding RB Series 2016A  | 5.00% | 05/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1507389 |
| **Kern High School District** | **Kern High School District** | **Kern High School District** | **Kern High School District** | **Kern High School District** |
| GO Bonds Series 2017A  | 3.00% | 08/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1008439 |
| **Lancaster Redevelopment Successor Agency** | **Lancaster Redevelopment Successor Agency** | **Lancaster Redevelopment Successor Agency** | **Lancaster Redevelopment Successor Agency** | **Lancaster Redevelopment Successor Agency** |
| Refunding Tax Allocation Series 2017  | 4.00% | 08/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 1360000 | &nbsp;&nbsp; 1368264 |
| Refunding Tax Allocation Series 2017  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 820000 | &nbsp;&nbsp; 829781 |
| **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** |
| GO Bonds Series 2019  | 4.00% | 08/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 335000 | &nbsp;&nbsp; 336439 |
| **Los Alamitos Unified School District** | **Los Alamitos Unified School District** | **Los Alamitos Unified School District** | **Los Alamitos Unified School District** | **Los Alamitos Unified School District** |
| Refunding GO Bonds Series 2016  | 3.00% | 08/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2605000 | &nbsp;&nbsp; 2601720 |
| **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** |
| RB Series 2025J  | 5.00% | 12/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2428697 |
| RB Series 2025J  | 5.00% | 12/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 698528 |
| Refunding RB Series 2024H  | 5.00% | 12/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1720962 |
| Refunding RB Series 2024H  | 5.00% | 12/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 3550000 | &nbsp;&nbsp; 4331580 |
| **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** |
| Power System Revenue RB Series 2021C  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 745000 | &nbsp;&nbsp; 816404 |
| System Revenue Refunding RB Series 2024B  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1365000 | &nbsp;&nbsp; 1575460 |
| System Revenue Refunding RB Series 2025A  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 786819 |
| System Revenue Refunding RB Series 2025A  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111067 |
| System Revenue Refunding RB Series 2025B  | 5.00% | 07/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 4027074 |
| System Revenue Refunding RB Series 2025B  | 5.00% | 07/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1179126 |
| System Revenue Refunding RB Series 2025C  | 5.00% | 07/01/35  | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1602818 |
| **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** |
| RB Series 2024A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2253325 |
| Refunding RB Series 2025A  | 5.00% | 01/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2174571 |
| Refunding RB Series 2025B  | 5.00% | 07/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp; 1035533 |
| Refunding RB Series 2025C  | 5.00% | 07/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 2125000 | &nbsp;&nbsp; 2142815 |
| Refunding RB Series 2025C  | 5.00% | 07/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 1270000 | &nbsp;&nbsp; 1381104 |
| Refunding RB Series 2025C  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 1640000 | &nbsp;&nbsp; 1913320 |
| Refunding RB Series 2025C  | 5.00% | 07/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2947814 |
| Refunding RB Series 2025C  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1409758 |
| **Los Angeles Unified School District** | **Los Angeles Unified School District** | **Los Angeles Unified School District** | **Los Angeles Unified School District** | **Los Angeles Unified School District** |
| GO Bonds Series 2020C  | 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1640000 | &nbsp;&nbsp; 1712191 |
| GO Bonds Series 2021RYRR  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp; 771886 |
| GO Bonds Series 2024QRR  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 725000 | &nbsp;&nbsp; 894686 |
| GO Bonds Series 2024QRR  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1505000 | &nbsp;&nbsp; 1689801 |
| Refunding GO Bonds Series 2016B  | 3.00% | 07/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1500915 |
| Refunding GO Bonds Series 2024A  | 5.00% | 07/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3033075 |
| Refunding GO Bonds Series 2024A  | 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2088038 |
| Refunding GO Bonds Series 2024A  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp; 1150076 |
| **Los Osos Community Services Waste Water Assessment District No. 1** | **Los Osos Community Services Waste Water Assessment District No. 1** | **Los Osos Community Services Waste Water Assessment District No. 1** | **Los Osos Community Services Waste Water Assessment District No. 1** | **Los Osos Community Services Waste Water Assessment District No. 1** |
| Refunding Special Assessment Series 2019  | 5.00% | 09/02/26  | &nbsp;&nbsp;&nbsp;&nbsp; 740000 | &nbsp;&nbsp; 749162 |
| **Merced City School District** | **Merced City School District** | **Merced City School District** | **Merced City School District** | **Merced City School District** |
| GO Bonds Series 2025  | 5.00% | 08/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1063590 |

---

*See financial notes*

**30**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mesa Water District** | **Mesa Water District** | **Mesa Water District** | **Mesa Water District** | **Mesa Water District** |
| COP Series 2020  | 4.00% | 03/15/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 521843 |
| **Midpeninsula Regional Open Space District Field Employees Corp.** | **Midpeninsula Regional Open Space District Field Employees Corp.** | **Midpeninsula Regional Open Space District Field Employees Corp.** | **Midpeninsula Regional Open Space District Field Employees Corp.** | **Midpeninsula Regional Open Space District Field Employees Corp.** |
| GO Bonds Series 2024  | 4.00% | 03/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp; 772773 |
| **Modesto Irrigation District** | **Modesto Irrigation District** | **Modesto Irrigation District** | **Modesto Irrigation District** | **Modesto Irrigation District** |
| Modesto Irrigation District Electric System Revenue RB Series 2015A  | 5.00% | 10/01/26 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1251863 |
| Modesto Irrigation District Electric System Revenue RB Series 2015A  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2002110 |
| **Moreno Valley Unified School District** | **Moreno Valley Unified School District** | **Moreno Valley Unified School District** | **Moreno Valley Unified School District** | **Moreno Valley Unified School District** |
| GO Bonds Series 2025A  | 5.25% | 08/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1270368 |
| GO Bonds Series 2025A  | 5.25% | 08/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1461432 |
| **Moulton-Niguel Water District Public Facilities Corp.** | **Moulton-Niguel Water District Public Facilities Corp.** | **Moulton-Niguel Water District Public Facilities Corp.** | **Moulton-Niguel Water District Public Facilities Corp.** | **Moulton-Niguel Water District Public Facilities Corp.** |
| COP Series 2021  | 2.25% | 09/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1068884 |
| **Mount Diablo Unified School District** | **Mount Diablo Unified School District** | **Mount Diablo Unified School District** | **Mount Diablo Unified School District** | **Mount Diablo Unified School District** |
| GO Bonds Series 2025C  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1213591 |
| GO Bonds Series 2025C  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 675000 | &nbsp;&nbsp; 792023 |
| **Mountain View School District School Facilities Improvement District No. 2** | **Mountain View School District School Facilities Improvement District No. 2** | **Mountain View School District School Facilities Improvement District No. 2** | **Mountain View School District School Facilities Improvement District No. 2** | **Mountain View School District School Facilities Improvement District No. 2** |
| GO Bonds Series 2024  | 3.95% | 07/01/29 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1115478 |
| **Mt San Antonio Community College District** | **Mt San Antonio Community College District** | **Mt San Antonio Community College District** | **Mt San Antonio Community College District** | **Mt San Antonio Community College District** |
| GO Bonds Series 2021E  | 4.27% | 08/01/46 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1430000 | &nbsp;&nbsp; 581593 |
| **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** |
| RB Series 2025A  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 913354 |
| **New Haven Unified School District** | **New Haven Unified School District** | **New Haven Unified School District** | **New Haven Unified School District** | **New Haven Unified School District** |
| GO Bonds Series 2025A  | 4.50% | 08/01/54 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1845000 | &nbsp;&nbsp; 1868286 |
| **Northern California Energy Authority** | **Northern California Energy Authority** | **Northern California Energy Authority** | **Northern California Energy Authority** | **Northern California Energy Authority** |
| Refunding RB Series 2024  | 5.00% | 12/01/54 *(a)(g)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3233902 |
| **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** |
| GO Bonds Series 2019A  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520121 |
| GO Bonds Series 2023A  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1313325 |
| **Oakley Redevelopment Agency** | **Oakley Redevelopment Agency** | **Oakley Redevelopment Agency** | **Oakley Redevelopment Agency** | **Oakley Redevelopment Agency** |
| Refunding Tax Allocation Series 2018  | 5.00% | 09/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 535289 |
| Refunding Tax Allocation Series 2018  | 5.00% | 09/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp; 705117 |
| Refunding Tax Allocation Series 2018  | 5.00% | 09/01/33 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 725000 | &nbsp;&nbsp; 773625 |
| **Oceanside Unified School District** | **Oceanside Unified School District** | **Oceanside Unified School District** | **Oceanside Unified School District** | **Oceanside Unified School District** |
| GO Bonds Series 2023B  | 4.00% | 08/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1507802 |
| **Ojai Unified School District** | **Ojai Unified School District** | **Ojai Unified School District** | **Ojai Unified School District** | **Ojai Unified School District** |
| GO Bonds Series 2023B  | 5.25% | 08/01/48 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1184175 |
| GO Bonds Series 2023B  | 5.50% | 08/01/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1893233 |
| **Ontario Public Financing Authority** | **Ontario Public Financing Authority** | **Ontario Public Financing Authority** | **Ontario Public Financing Authority** | **Ontario Public Financing Authority** |
| RB Series 2026B  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3630000 | &nbsp;&nbsp; 4317456 |
| **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** |
| Refunding RB Series 2025  | 5.00% | 02/15/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1166788 |
| **Oxnard Financing Authority** | **Oxnard Financing Authority** | **Oxnard Financing Authority** | **Oxnard Financing Authority** | **Oxnard Financing Authority** |
| Refunding RB Series 2018  | 5.00% | 06/01/34 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1235000 | &nbsp;&nbsp; 1311086 |
| Refunding RB Series 2018  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp; 815872 |
| **Oxnard Union High School District** | **Oxnard Union High School District** | **Oxnard Union High School District** | **Oxnard Union High School District** | **Oxnard Union High School District** |
| GO Bonds Series 2022C  | 3.50% | 08/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1166619 |
| **Pajaro Valley Unified School District** | **Pajaro Valley Unified School District** | **Pajaro Valley Unified School District** | **Pajaro Valley Unified School District** | **Pajaro Valley Unified School District** |
| GO Bonds Series 2025A  | 5.00% | 08/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 390982 |
| GO Bonds Series 2025A  | 5.00% | 08/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1081943 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**31**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Palmdale Elementary School District** | **Palmdale Elementary School District** | **Palmdale Elementary School District** | **Palmdale Elementary School District** | **Palmdale Elementary School District** |
| GO Bonds Series 2017B  | 5.25% | 08/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2575474 |
| **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** |
| Refunding RB Series 2024  | 4.54% | 06/01/45 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 429700 |
| Refunding RB Series 2024  | 4.65% | 06/01/48 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 181044 |
| **Perris Elementary School District** | **Perris Elementary School District** | **Perris Elementary School District** | **Perris Elementary School District** | **Perris Elementary School District** |
| GO Bonds Series 2023  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1635000 | &nbsp;&nbsp; 1613956 |
| GO Bonds Series 2023  | 5.00% | 08/01/47 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1065000 | &nbsp;&nbsp; 1151853 |
| **Pico Rivera Public Financing Authority** | **Pico Rivera Public Financing Authority** | **Pico Rivera Public Financing Authority** | **Pico Rivera Public Financing Authority** | **Pico Rivera Public Financing Authority** |
| Refunding RB Series 2016  | 5.50% | 09/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 356414 |
| Refunding RB Series 2016  | 5.25% | 09/01/33 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 812352 |
| **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** | **Pismo Beach Public Financing Agency** |
| RB Series 2024A  | 4.00% | 12/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 982053 |
| **Pleasant Valley School District/Ventura County** | **Pleasant Valley School District/Ventura County** | **Pleasant Valley School District/Ventura County** | **Pleasant Valley School District/Ventura County** | **Pleasant Valley School District/Ventura County** |
| Refunding GO Bonds Series 2002A  | 5.85% | 08/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1170000 | &nbsp;&nbsp; 1273935 |
| **Pleasanton Unified School District** | **Pleasanton Unified School District** | **Pleasanton Unified School District** | **Pleasanton Unified School District** | **Pleasanton Unified School District** |
| GO Bonds Series 2025  | 5.00% | 08/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 759936 |
| **Port of Los Angeles** | **Port of Los Angeles** | **Port of Los Angeles** | **Port of Los Angeles** | **Port of Los Angeles** |
| Refunding RB Series 2024A-1  | 5.00% | 08/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1127241 |
| Refunding RB Series 2024A-1  | 5.00% | 08/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 2007044 |
| **Port of Oakland** | **Port of Oakland** | **Port of Oakland** | **Port of Oakland** | **Port of Oakland** |
| RB Series 2021H  | 5.00% | 05/01/26 *(i)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5023 |
| RB Series 2021H  | 5.00% | 05/01/28 *(i)* | &nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15897 |
| Refunding RB Series 2021H  | 5.00% | 05/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 1745000 | &nbsp;&nbsp; 1751909 |
| Refunding RB Series 2021H  | 5.00% | 05/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1235000 | &nbsp;&nbsp; 1297291 |
| **Ravenswood City School District** | **Ravenswood City School District** | **Ravenswood City School District** | **Ravenswood City School District** | **Ravenswood City School District** |
| GO Bonds Series 2023  | 4.50% | 08/01/48 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1262708 |
| GO Bonds Series 2023  | 5.25% | 08/01/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3706320 |
| GO Bonds Series 2025B  | 5.02% | 08/01/48 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 343485 |
| **Redwood City Public Facilities & Infrastructure Authority** | **Redwood City Public Facilities & Infrastructure Authority** | **Redwood City Public Facilities & Infrastructure Authority** | **Redwood City Public Facilities & Infrastructure Authority** | **Redwood City Public Facilities & Infrastructure Authority** |
| RB Series 2021  | 3.00% | 06/01/51 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1790000 | &nbsp;&nbsp; 1382630 |
| **Rialto Unified School District** | **Rialto Unified School District** | **Rialto Unified School District** | **Rialto Unified School District** | **Rialto Unified School District** |
| COP Series 2024  | 5.00% | 09/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 394946 |
| COP Series 2024  | 5.00% | 09/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 374642 |
| COP Series 2024  | 5.00% | 09/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 529078 |
| **Rib Floater Trust Various States** | **Rib Floater Trust Various States** | **Rib Floater Trust Various States** | **Rib Floater Trust Various States** | **Rib Floater Trust Various States** |
| RB Series 2022-008  | 1.95% | 05/15/42 *(a)(d)(h)(j)* | &nbsp;&nbsp;&nbsp;&nbsp; 3100000 | &nbsp;&nbsp; 3100000 |
| **Riverside Community College District** | **Riverside Community College District** | **Riverside Community College District** | **Riverside Community College District** | **Riverside Community College District** |
| GO Bonds Series 2025A  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp; 736222 |
| GO Bonds Series 2025A  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 625493 |
| GO Bonds Series 2025A  | 4.00% | 08/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 815000 | &nbsp;&nbsp; 842011 |
| **Riverside County Transportation Commission** | **Riverside County Transportation Commission** | **Riverside County Transportation Commission** | **Riverside County Transportation Commission** | **Riverside County Transportation Commission** |
| Refunding RB Series 2021B-1  | 4.00% | 06/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4066196 |
| **Ross Valley Public Financing Authority** | **Ross Valley Public Financing Authority** | **Ross Valley Public Financing Authority** | **Ross Valley Public Financing Authority** | **Ross Valley Public Financing Authority** |
| RB Series 2013  | 5.00% | 10/01/27 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200417 |
| RB Series 2013  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1001779 |
| **Sacramento City Unified School District** | **Sacramento City Unified School District** | **Sacramento City Unified School District** | **Sacramento City Unified School District** | **Sacramento City Unified School District** |
| GO Bonds Series 2025C  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1171124 |
| GO Bonds Series 2025C  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1165441 |

---

*See financial notes*

**32**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| GO Bonds Series 2025C  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1151068 |
| GO Bonds Series 2025C  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1135509 |
| **San Bernardino Community College District** | **San Bernardino Community College District** | **San Bernardino Community College District** | **San Bernardino Community College District** | **San Bernardino Community College District** |
| GO Bonds Series 2023B  | 4.13% | 08/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3125000 | &nbsp;&nbsp; 3133358 |
| **San Diego Community College District** | **San Diego Community College District** | **San Diego Community College District** | **San Diego Community College District** | **San Diego Community College District** |
| GO Bonds Series 2024  | 4.00% | 08/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1287690 |
| **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** |
| RB Series 2017B  | 5.00% | 07/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1980000 | &nbsp;&nbsp; 2042010 |
| RB Series 2017B  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1029958 |
| RB Series 2021A  | 4.00% | 07/01/51 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1922744 |
| RB Series 2023B  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 2245000 | &nbsp;&nbsp; 2607724 |
| **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** |
| Refunding RB Series 2024A  | 5.00% | 10/15/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 991444 |
| Refunding RB Series 2025A  | 5.25% | 10/15/55 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2164979 |
| **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** |
| GO Bonds Series 2010C  | 3.55% | 07/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp; 91370 |
| GO Bonds Series 2025C-3  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1097943 |
| GO Bonds Series 2025I-3  | 4.13% | 07/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 499164 |
| GO Bonds Series 2025P-2  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 581276 |
| Refunding GO Bonds Series 2025ZR-6A  | 5.00% | 07/01/43  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 613746 |
| **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** |
| GO Bonds Series 2025E-1  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1190174 |
| **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** |
| RB Series 2019E  | 5.00% | 05/01/39 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2450000 | &nbsp;&nbsp; 2578145 |
| Refunding RB Series 2018G  | 5.00% | 05/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1233591 |
| Refunding RB Series 2020A  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3771218 |
| Refunding RB Series 2022A  | 5.00% | 05/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp; 883472 |
| Refunding RB Series 2022A  | 5.00% | 05/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1690000 | &nbsp;&nbsp; 1900234 |
| Refunding RB Series 2023C  | 5.00% | 05/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5795265 |
| **San Francisco City & County Redevelopment Successor Agency** | **San Francisco City & County Redevelopment Successor Agency** | **San Francisco City & County Redevelopment Successor Agency** | **San Francisco City & County Redevelopment Successor Agency** | **San Francisco City & County Redevelopment Successor Agency** |
| Refunding Tax Allocation Series 2014C  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp; 305565 |
| Refunding Tax Allocation Series 2014C  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp; 430768 |
| Mission Bay South Redevelopment Area Tax Increment Financing District <br> Refunding Tax Allocation Series 2025B <br>| 5.00% | 08/01/35  | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1955608 |
| Mission Bay South Redevelopment Area Tax Increment Financing District <br> Refunding Tax Allocation Series 2025B <br>| 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1632268 |
| San Francisco Community Facilities District No. 6 Refunding Special Tax Series <br> 2023 <br>| 5.25% | 08/01/39 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp; 1018716 |
| San Francisco Community Facilities District No. 6 Refunding Special Tax Series <br> 2023 <br>| 5.25% | 08/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1156661 |
| **San Francisco Community College District** | **San Francisco Community College District** | **San Francisco Community College District** | **San Francisco Community College District** | **San Francisco Community College District** |
| GO Bonds Series 2024B  | 5.25% | 06/15/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1621917 |
| Refunding GO Bonds Series 2025  | 5.00% | 06/15/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1170000 | &nbsp;&nbsp; 1323747 |
| Refunding GO Bonds Series 2025  | 5.00% | 06/15/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1389624 |
| **San Jacinto Unified School District** | **San Jacinto Unified School District** | **San Jacinto Unified School District** | **San Jacinto Unified School District** | **San Jacinto Unified School District** |
| GO Bonds Series 2017  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1155000 | &nbsp;&nbsp; 1201200 |
| **San Luis Obispo County Community College District** | **San Luis Obispo County Community College District** | **San Luis Obispo County Community College District** | **San Luis Obispo County Community College District** | **San Luis Obispo County Community College District** |
| GO Bonds Series 2024D  | 4.00% | 08/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 532369 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**33**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Sierra View Local Health Care District** | **Sierra View Local Health Care District** | **Sierra View Local Health Care District** | **Sierra View Local Health Care District** | **Sierra View Local Health Care District** |
| Refunding RB Series 2020  | 4.00% | 07/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 301187 |
| Refunding RB Series 2020  | 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp; 648454 |
| Refunding RB Series 2020  | 5.00% | 07/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp; 702142 |
| **South San Francisco Public Facilities Financing Authority** | **South San Francisco Public Facilities Financing Authority** | **South San Francisco Public Facilities Financing Authority** | **South San Francisco Public Facilities Financing Authority** | **South San Francisco Public Facilities Financing Authority** |
| RB Series 2021A  | 4.00% | 06/01/46 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1485186 |
| **South San Francisco Unified School District** | **South San Francisco Unified School District** | **South San Francisco Unified School District** | **South San Francisco Unified School District** | **South San Francisco Unified School District** |
| GO Bonds Series 2023  | 4.00% | 09/01/48 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 993699 |
| **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** |
| Los Angeles Department of Water & Power Power System Revenue Refunding RB <br> Series 2023-1 <br>| 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2595904 |
| Los Angeles Department of Water & Power Power System Revenue Refunding RB <br> Series 2023-1 <br>| 5.00% | 07/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1062164 |
| Power System Revenue RB Series 2025-1  | 5.25% | 07/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 575557 |
| Power System Revenue RB Series 2025-1  | 5.25% | 07/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 568701 |
| **Stanislaus Union School District** | **Stanislaus Union School District** | **Stanislaus Union School District** | **Stanislaus Union School District** | **Stanislaus Union School District** |
| GO Bonds Series 2025A  | 4.50% | 08/01/54 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1520000 | &nbsp;&nbsp; 1531994 |
| **State of California** | **State of California** | **State of California** | **State of California** | **State of California** |
| GO Bonds Series 2020  | 4.00% | 03/01/36 *(a)(i)* | &nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32419 |
| GO Bonds Series 2020  | 4.00% | 03/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1365000 | &nbsp;&nbsp; 1439663 |
| GO Bonds Series 2022  | 5.00% | 09/01/39 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1413456 |
| GO Bonds Series 2023  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2915238 |
| GO Bonds Series 2024  | 5.00% | 08/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1152974 |
| GO Bonds Series 2024  | 5.25% | 08/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1420000 | &nbsp;&nbsp; 1616419 |
| GO Bonds Series 2025  | 5.00% | 03/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 1815000 | &nbsp;&nbsp; 1977420 |
| GO Bonds Series 2025  | 5.00% | 08/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1791130 |
| GO Bonds Series 2025  | 5.00% | 03/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 459947 |
| GO Bonds Series 2025  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1711419 |
| GO Bonds Series 2025  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1695863 |
| Refunding GO Bonds Series 2007  | 5.25% | 08/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | &nbsp;&nbsp; 3785694 |
| Refunding GO Bonds Series 2013  | 5.00% | 10/01/26 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5012 |
| Refunding GO Bonds Series 2016  | 5.00% | 09/01/29 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1290000 | &nbsp;&nbsp; 1309288 |
| Refunding GO Bonds Series 2017  | 3.50% | 08/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1529933 |
| Refunding GO Bonds Series 2017  | 5.00% | 08/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2023908 |
| Refunding GO Bonds Series 2019  | 5.00% | 04/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 1930000 | &nbsp;&nbsp; 2161412 |
| Refunding GO Bonds Series 2019  | 5.00% | 04/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 915000 | &nbsp;&nbsp; 998611 |
| Refunding GO Bonds Series 2022  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3208389 |
| Refunding GO Bonds Series 2023  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2330365 |
| Refunding GO Bonds Series 2024  | 5.00% | 08/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2985217 |
| Refunding GO Bonds Series 2024  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 6025670 |
| Refunding GO Bonds Series 2025  | 5.00% | 08/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2144806 |
| Refunding GO Bonds Series 2025  | 3.25% | 08/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2109338 |
| Refunding GO Bonds Series 2025  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150319 |
| Refunding GO Bonds Series 2025  | 5.00% | 03/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2235000 | &nbsp;&nbsp; 2657584 |
| Refunding GO Bonds Series 2025  | 5.00% | 03/01/45 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 557581 |
| **State of California Department of Water Resources** | **State of California Department of Water Resources** | **State of California Department of Water Resources** | **State of California Department of Water Resources** | **State of California Department of Water Resources** |
| State of California Department of Water Resources Water Supply Revenue RB <br> Series 2026A <br>| 5.00% | 12/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2384933 |
| **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** |
| Solid Waste Revenue RB Series 2025  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp; 956750 |

---

*See financial notes*

**34**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Tahoe-Truckee Sanitation Agency Financing Authority** | **Tahoe-Truckee Sanitation Agency Financing Authority** | **Tahoe-Truckee Sanitation Agency Financing Authority** | **Tahoe-Truckee Sanitation Agency Financing Authority** | **Tahoe-Truckee Sanitation Agency Financing Authority** |
| RB Series 2026  | 4.00% | 07/01/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp; 992912 |
| **Temescal Valley Water District Public Financing Authority** | **Temescal Valley Water District Public Financing Authority** | **Temescal Valley Water District Public Financing Authority** | **Temescal Valley Water District Public Financing Authority** | **Temescal Valley Water District Public Financing Authority** |
| Refunding Special Tax Series 2024  | 5.00% | 09/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp; 648860 |
| Refunding Special Tax Series 2024  | 5.00% | 09/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp; 567820 |
| **Tender Option Bond Trust Receipts/Certificates** | **Tender Option Bond Trust Receipts/Certificates** | **Tender Option Bond Trust Receipts/Certificates** | **Tender Option Bond Trust Receipts/Certificates** | **Tender Option Bond Trust Receipts/Certificates** |
| RB Series 2025-XF3297  | 1.95% | 05/01/55 *(a)(d)(h)(j)* | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp; 8000000 |
| RB Series 2025-XF8118  | 1.80% | 05/01/33 *(a)(d)(h)(j)* | &nbsp;&nbsp;&nbsp;&nbsp; 830000 | &nbsp;&nbsp; 830000 |
| RB Series 2025-XF8119  | 1.80% | 05/01/33 *(a)(d)(h)(j)* | &nbsp;&nbsp;&nbsp;&nbsp; 1055000 | &nbsp;&nbsp; 1055000 |
| RB Series 2025-XL0611  | 1.80% | 05/01/48 *(a)(d)(h)(j)* | &nbsp;&nbsp;&nbsp;&nbsp; 880000 | &nbsp;&nbsp; 880000 |
| RB Series 2025XM-1264  | 1.80% | 05/01/32 *(a)(d)(h)(j)* | &nbsp;&nbsp;&nbsp;&nbsp; 1505000 | &nbsp;&nbsp; 1505000 |
| **Truckee-Donner Public Utility District Water System Revenue** | **Truckee-Donner Public Utility District Water System Revenue** | **Truckee-Donner Public Utility District Water System Revenue** | **Truckee-Donner Public Utility District Water System Revenue** | **Truckee-Donner Public Utility District Water System Revenue** |
| RB Series 2022A  | 5.00% | 11/15/52 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1578385 |
| **Twin Rivers Unified School District** | **Twin Rivers Unified School District** | **Twin Rivers Unified School District** | **Twin Rivers Unified School District** | **Twin Rivers Unified School District** |
| GO Bonds Series 2025B  | 4.50% | 08/01/49 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2048566 |
| **University of California** | **University of California** | **University of California** | **University of California** | **University of California** |
| RB Series 2017M  | 5.00% | 05/15/52 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2028095 |
| RB Series 2025CA  | 5.00% | 05/15/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2358944 |
| RB Series 2025CD  | 5.00% | 05/15/30  | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5600375 |
| RB Series 2025CD  | 5.00% | 05/15/36  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2450217 |
| RB Series 2025CD  | 5.25% | 05/15/40  | &nbsp;&nbsp;&nbsp;&nbsp; 765000 | &nbsp;&nbsp; 974597 |
| Refunding RB Series 2021Q  | 3.00% | 05/15/51 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 930000 | &nbsp;&nbsp; 709334 |
| Refunding RB Series 2024BS  | 5.00% | 05/15/43 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1118222 |
| Refunding RB Series 2024BW  | 5.00% | 05/15/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1146407 |
| Refunding RB Series 2026CF  | 5.00% | 11/15/32 *(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5878409 |
| Refunding RB Series 2026CF  | 5.00% | 11/15/38 *(a)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4765416 |
| **University of California College of the Law San Francisco** | **University of California College of the Law San Francisco** | **University of California College of the Law San Francisco** | **University of California College of the Law San Francisco** | **University of California College of the Law San Francisco** |
| RB Series 2017  | 5.00% | 04/01/32 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1134350 |
| RB Series 2017  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1149818 |
| **Vallejo City Unified School District** | **Vallejo City Unified School District** | **Vallejo City Unified School District** | **Vallejo City Unified School District** | **Vallejo City Unified School District** |
| GO Bonds Series 2025  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1034787 |
| **Walnut Creek Joint Powers Financing Authority** | **Walnut Creek Joint Powers Financing Authority** | **Walnut Creek Joint Powers Financing Authority** | **Walnut Creek Joint Powers Financing Authority** | **Walnut Creek Joint Powers Financing Authority** |
| RB Series 2025  | 5.00% | 06/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 1385000 | &nbsp;&nbsp; 1395354 |
| **West Contra Costa Unified School District** | **West Contra Costa Unified School District** | **West Contra Costa Unified School District** | **West Contra Costa Unified School District** | **West Contra Costa Unified School District** |
| Refunding GO Bonds Series 2025A  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 543367 |
| Refunding GO Bonds Series 2025A  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 478217 |
| **West Hills Community College District** | **West Hills Community College District** | **West Hills Community College District** | **West Hills Community College District** | **West Hills Community College District** |
| Refunding GO Bonds Series 2016B  | 5.00% | 08/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 455586 |
| Refunding GO Bonds Series 2016B  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp; 602874 |
| Refunding GO Bonds Series 2016B  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 635000 | &nbsp;&nbsp; 643329 |
|  |  |  |  | &nbsp;&nbsp; **585851296** |
| **GUAM** 1.4%  | **GUAM** 1.4%  | **GUAM** 1.4%  | **GUAM** 1.4%  | **GUAM** 1.4%  |
| **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** | **Guam Government Waterworks Authority** |
| Water & Wastewater System RB Series 2025A  | 5.25% | 07/01/40 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp; 723647 |
| Water & Wastewater System RB Series 2025A  | 5.25% | 07/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 585000 | &nbsp;&nbsp; 647325 |
| Water & Wastewater System RB Series 2025A  | 5.25% | 07/01/50 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259746 |
| Water & Wastewater System Refunding RB Series 2024A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 647523 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**35**

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Guam Power Authority** | **Guam Power Authority** | **Guam Power Authority** | **Guam Power Authority** | **Guam Power Authority** |
| Refunding RB Series 2022A  | 5.00% | 10/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2226364 |
| Refunding RB Series 2022A  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 1190000 | &nbsp;&nbsp; 1286862 |
| Refunding RB Series 2024A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 450419 |
| Refunding RB Series 2024A  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp; 723905 |
| **Territory of Guam** | **Territory of Guam** | **Territory of Guam** | **Territory of Guam** | **Territory of Guam** |
| Refunding RB Series 2025G  | 5.00% | 01/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519132 |
| Refunding RB Series 2025G  | 5.00% | 01/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566227 |
|  |  |  |  | &nbsp;&nbsp; **8051150** |
| **PUERTO RICO** 0.8%  | **PUERTO RICO** 0.8%  | **PUERTO RICO** 0.8%  | **PUERTO RICO** 0.8%  | **PUERTO RICO** 0.8%  |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** |
| RB Series 2018A-1  | 4.75% | 07/01/53 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2437807 |
| RB Series 2018A-1  | 5.00% | 07/01/58 *(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2453821 |
|  |  |  |  | &nbsp;&nbsp; **4891628** |
| **Total Municipal Securities** <br>**(Cost $583,077,493)** | **Total Municipal Securities** <br>**(Cost $583,077,493)** | **Total Municipal Securities** <br>**(Cost $583,077,493)** | **Total Municipal Securities** <br>**(Cost $583,077,493)** | &nbsp;&nbsp; **598794074** |
| **Total Investments in Securities** <br>**(Cost $583,077,493)** | **Total Investments in Securities** <br>**(Cost $583,077,493)** | **Total Investments in Securities** <br>**(Cost $583,077,493)** | **Total Investments in Securities** <br>**(Cost $583,077,493)** | &nbsp;&nbsp; **598794074** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* Zero coupon bond. When a security is purchased with a zero coupon rate the effective yield at the time of purchase is shown.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Credit-enhanced or liquidity-enhanced.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term.

&nbsp;&nbsp;&nbsp;&nbsp;*(h)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $20,914,957 or 3.5% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* Refunded bond.

&nbsp;&nbsp;&nbsp;&nbsp;*(j)* TOB is a synthetically created VRDN where the owner of a long-term bond places the bond in a trust in combination with a liquidity facility. The trust then sells certificates which mirror the VRDN sold directly by a municipal issuer. VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| COP — | Certificate of participation |
| CP — | Commercial paper |
| GO — | General obligation |
| RB — | Revenue bond |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate <br> Demand Obligations with certain characteristics.<br>|
| TOB — | Tender option bond |
| VRDN — | Variable rate demand note |

---

*See financial notes*

**36**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN <br>ACTIVE MARKETS FOR <br>IDENTICAL ASSETS <br>(LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT <br>OBSERVABLE INPUTS <br>(LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT <br>UNOBSERVABLE INPUTS <br>(LEVEL 3)<br>| TOTAL |
| **<u>Assets</u>** |  |  |  |  |
| Municipal Securities<sup>1</sup> <br>| $— | &nbsp;&nbsp; $598794074 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $598794074 |
| **Total** | **$—** | &nbsp;&nbsp; **$598794074** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$598794074** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings.

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**37**

------

Schwab California Tax-Free Bond Fund

Statement of Assets and Liabilities

------

As of February 28, 2026; unaudited

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated issuers (cost $583,077,493) |  | $598794074 |
| Cash |  | 10439 |
| Receivables: |  |  |
| Interest |  | 6296321 |
| Fund shares sold |  | 1136615 |
| Prepaid expenses | + | 15615 |
| **Total assets** |  | **606253064** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Payables: |  |  |
| Investments bought - delayed-delivery |  | 15308570 |
| Distributions to shareholders |  | 663925 |
| Fund shares redeemed |  | 280467 |
| Investment adviser fees |  | 90257 |
| Shareholder service fees |  | 65528 |
| Accrued expenses | + | 59548 |
| **Total liabilities** |  | **16468295** |
| **Net assets** |  | **$589784769** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $599100124 |
| Total distributable loss | + | (9315355)<br>|
| **Net assets** |  | **$589784769** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $589784769 |  | &nbsp;&nbsp;&nbsp;&nbsp; 52340468 |  | &nbsp;&nbsp;&nbsp;&nbsp; $11.27 |

---

*See financial notes*

**38**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab California Tax-Free Bond Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| **Interest received from securities - unaffiliated issuers** |  | **$9378241** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser and administrator fees |  | 566073 |
| Shareholder service fees |  | 375955 |
| Portfolio accounting fees |  | 43822 |
| Professional fees |  | 23416 |
| Registration fees |  | 12926 |
| Independent trustees' fees |  | 5162 |
| Shareholder reports |  | 2986 |
| Custodian fees |  | 2521 |
| Transfer agent fees  |  | 599 |
| Other expenses | + | 2098 |
| **Total expenses** |  | **1035558** |
| Expense reduction | – | 57796 |
| **Net expenses** | – | **977762** |
| **Net investment income** |  | **8400479** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| **Net realized gains on sales of securities - unaffiliated issuers**  |  | **56164** |
| **Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers** | + | **19573183** |
| **Net realized and unrealized gains** |  | **19629347** |
| **Increase in net assets resulting from operations** |  | **$28029826** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**39**

------

Schwab California Tax-Free Bond Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

Figures for the current period are unaudited

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 |
| Net investment income |  | $8400479 | &nbsp;&nbsp;&nbsp; $14603468 |
| Net realized gains (losses) |  | 56164 | &nbsp;&nbsp;&nbsp; (4252900)<br>|
| Net change in unrealized appreciation (depreciation) | + | 19573183 | &nbsp;&nbsp;&nbsp; (9245253)<br>|
| **Increase in net assets resulting from operations** |  | **$28029826** | &nbsp;&nbsp;&nbsp; **$1105315** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($8368915)**<br>| &nbsp;&nbsp;&nbsp; **($14559021)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 15716922 | &nbsp;&nbsp;&nbsp; $174925322 | &nbsp;&nbsp;&nbsp; 17218792 | &nbsp;&nbsp;&nbsp; $188388507 |
| Shares reinvested |  | 424546 | &nbsp;&nbsp;&nbsp; 4729251 | &nbsp;&nbsp;&nbsp; 737724 | &nbsp;&nbsp;&nbsp; 8094529 |
| Shares redeemed | + | (7000254)<br>| &nbsp;&nbsp;&nbsp; (77777520)<br>| &nbsp;&nbsp;&nbsp; (14086604)<br>| &nbsp;&nbsp;&nbsp; (154031307)<br>|
| **Net transactions in fund shares**  |  | **9141214** | &nbsp;&nbsp;&nbsp; **$101877053** | &nbsp;&nbsp;&nbsp; **3869912** | &nbsp;&nbsp;&nbsp; **$42451729** |
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 43199254 | &nbsp;&nbsp;&nbsp; $468246805 | &nbsp;&nbsp;&nbsp; 39329342 | &nbsp;&nbsp;&nbsp; $439248782 |
| Total increase | + | 9141214 | &nbsp;&nbsp;&nbsp; 121537964 | &nbsp;&nbsp;&nbsp; 3869912 | &nbsp;&nbsp;&nbsp; 28998023 |
| **End of period** |  | **52340468** | &nbsp;&nbsp;&nbsp; **$589784769** | &nbsp;&nbsp;&nbsp; **43199254** | &nbsp;&nbsp;&nbsp; **$468246805** |

---

*See financial notes*

**40**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 9/1/25– <br>2/28/26\*<br>| 9/1/24– <br>8/31/25<br>| 9/1/23– <br>8/31/24<br>| 9/1/22– <br>8/31/23<br>| 9/1/21– <br>8/31/22<br>| 9/1/20– <br>8/31/21<sup>1</sup> <br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $8.55 | &nbsp;&nbsp; $9.09 | &nbsp;&nbsp; $8.81 | &nbsp;&nbsp; $9.20 | &nbsp;&nbsp; $10.64 | &nbsp;&nbsp; $10.42 |
| Income (loss) from investment operations: |  |  |  |  |  |  |
| Net investment income (loss)<sup>2</sup> <br>| 0.16 | 0.34 <br><sup>3</sup><br>| 0.32 | 0.56 <br><sup>3</sup><br>| 0.27 | 0.32 |
| Net realized and unrealized gains (losses) | 0.45 | &nbsp;&nbsp; (0.52)<br>| 0.32 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (1.43)<br>| 0.23 |
| Total from investment operations | 0.61 | &nbsp;&nbsp; (0.18)<br>| 0.64 | 0.19 | &nbsp;&nbsp; (1.16)<br>| 0.55 |
| Less distributions: |  |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (0.36 )<sup>3</sup><br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.58 )<sup>3</sup><br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.26)<br>|
| Distributions from net realized gains | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.07)<br>|
| Total distributions | &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.33)<br>|
| Redemption fees<sup>2</sup> <br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>4</sup><br>|
| Net asset value at end of period | &nbsp;&nbsp; $9.00 | &nbsp;&nbsp; $8.55 | &nbsp;&nbsp; $9.09 | &nbsp;&nbsp; $8.81 | &nbsp;&nbsp; $9.20 | &nbsp;&nbsp; $10.64 |
| Total return | 7.16 %<sup>5</sup><br>| &nbsp;&nbsp; (1.98<br> %)<br>| 7.39<br> %<br>| 2.14<br> %<br>| &nbsp;&nbsp; (11.10<br> %)<br>| 5.36<br> %<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |  |
| Net expenses | 0.50 %<sup>6</sup><br>| 0.50<br> %<br>| 0.50<br> %<br>| 0.50<br> %<br>| 0.50 %<sup>7</sup><br>| 0.58 %<sup>8</sup><br>|
| Total expenses | 0.55 %<sup>6</sup><br>| 0.59<br> %<br>| 0.60<br> %<br>| 0.68<br> %<br>| 0.55 %<sup>7</sup><br>| 0.70<br> %<br>|
| Net investment income (loss) | 3.70 %<sup>6</sup><br>| 3.81 %<sup>3</sup><br>| 3.56<br> %<br>| 6.28 %<sup>3</sup><br>| 2.63<br> %<br>| 2.99<br> %<br>|
| Portfolio turnover rate | &nbsp;&nbsp; 13 %<sup>5,9</sup><br>| &nbsp;&nbsp; 39 %<sup>9</sup><br>| &nbsp;&nbsp; 181 %<sup>10</sup><br>| &nbsp;&nbsp; 157 %<sup>10</sup><br>| &nbsp;&nbsp; 126 %<sup>10</sup><br>| &nbsp;&nbsp; 83 %<sup>10</sup><br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $102 | &nbsp;&nbsp; $73 | &nbsp;&nbsp; $68 | &nbsp;&nbsp; $41 | &nbsp;&nbsp; $49 | &nbsp;&nbsp; $69 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Unaudited.

<sup>1</sup> Effective July 1, 2021, the Schwab High Yield Municipal Bond Fund changed its name to Schwab Opportunistic Municipal Bond Fund.

<sup>2</sup> Calculated based on the average shares outstanding during the period.

<sup>3</sup> Includes a payment of past due interest income received from defaulted securities. At August 31, 2025, the per share effect on net investment income and distributions from net investment income was $0.01 and ($0.04), respectively. At August 31, 2023, the per share effect on net investment income and distributions from net investment income was $0.27 and ($0.27), respectively. The effect on net investment income to average net assets at August 31, 2025, and August 31, 2023, was 0.13% and 2.77%, respectively. 

<sup>4</sup> Effective July 1, 2021, redemption fees were eliminated.

<sup>5</sup> Not annualized.

<sup>6</sup> Annualized.

<sup>7</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>8</sup> Effective July 1, 2021, the net operating expense limitation was lowered from 0.60% to 0.50%. The ratio presented for the year ended August 31, 2021, is a blended ratio.

<sup>9</sup> Portfolio turnover rate excludes variable rate demand note transactions.

<sup>10</sup> In the period ended August 31, 2025, variable rate demand notes are excluded from the portfolio turnover rate. In applying a similar exclusion for the periods ended August 31, 2024, August 31, 2023, August 31, 2022, and August 31, 2021, portfolio turnover rates would have been 67%, 82%, 57%, and 47%, respectively. 

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**41**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited)

------

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). For variable rate securities, the rate shown is the rate as of the report date based on each security's rate reset date and when a security is purchased with a zero coupon rate, the effective yield at the time of purchase is shown. The reference rate and spread used is shown parenthetically in the security description, if available; if not, the reference rate is described in a footnote. The maturity date shown for all the securities is the final legal maturity.

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MUNICIPAL SECURITIES** 100.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.5% OF NET ASSETS | **MUNICIPAL SECURITIES** 100.5% OF NET ASSETS |
| **ALABAMA** 3.2%  | **ALABAMA** 3.2%  | **ALABAMA** 3.2%  | **ALABAMA** 3.2%  | **ALABAMA** 3.2%  |
| **Alabama Highway Authority** | **Alabama Highway Authority** | **Alabama Highway Authority** | **Alabama Highway Authority** | **Alabama Highway Authority** |
| RB Series 2025  | 5.00% | 09/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 299489 |
| **Black Belt Energy Gas District** | **Black Belt Energy Gas District** | **Black Belt Energy Gas District** | **Black Belt Energy Gas District** | **Black Belt Energy Gas District** |
| RB Series 2023C  | 5.50% | 10/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 279017 |
| RB Series 2024D  | 5.00% | 03/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275983 |
| RB Series 2026E  | 5.00% | 07/01/31 *(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268130 |
| RB Series 2026F  | 5.00% | 12/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275656 |
| RB Series 2026F  | 5.00% | 12/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275091 |
| Refunding RB Series 2022D-1  | 4.00% | 07/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 507564 |
| **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** | **Energy Southeast A Cooperative District** |
| RB Series 2023B-1  | 5.75% | 04/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 282079 |
| RB Series 2024B  | 5.25% | 07/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276218 |
| **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** | **Southeast Energy Authority A Cooperative District** |
| RB Series 2024C  | 5.00% | 10/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274742 |
| RB Series 2025H  | 5.00% | 11/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274698 |
|  |  |  |  | &nbsp;&nbsp; **3288667** |
| **ARIZONA** 0.8%  | **ARIZONA** 0.8%  | **ARIZONA** 0.8%  | **ARIZONA** 0.8%  | **ARIZONA** 0.8%  |
| **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** | **Arizona Industrial Development Authority** |
| Equitable School Revolving Fund LLC Obligated Group RB Series 2023A  | 5.00% | 11/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp; 170408 |
| **La Paz County Industrial Development Authority** | **La Paz County Industrial Development Authority** | **La Paz County Industrial Development Authority** | **La Paz County Industrial Development Authority** | **La Paz County Industrial Development Authority** |
| Harmony Public Schools RB Series 2018A  | 5.00% | 02/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 407867 |
| **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** |
| RB Series 2025C  | 5.00% | 01/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265747 |
|  |  |  |  | &nbsp;&nbsp; **844022** |
| **CALIFORNIA** 8.6%  | **CALIFORNIA** 8.6%  | **CALIFORNIA** 8.6%  | **CALIFORNIA** 8.6%  | **CALIFORNIA** 8.6%  |
| **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** |
| GO Bonds Series 2025D  | 4.62% | 08/01/43 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp; 332386 |
| **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** | **California Community Choice Financing Authority** |
| RB Series 2023C  | 5.25% | 01/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268806 |
| RB Series 2024A-1  | 5.00% | 05/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272724 |
| RB Series 2025C  | 5.00% | 12/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271439 |
| RB Series 2026  | 5.00% | 03/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 545426 |
| **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** |
| St. Mary's College of California Refunding RB Series 2023A  | 5.00% | 10/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207821 |
| **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** |
| HumanGood California Obligated Group Refunding RB Series 2025A  | 5.00% | 10/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp; 224498 |
| **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** | **California Public Finance Authority** |
| Henry Mayo Newhall Hospital Obligated Group Refunding RB Series 2021A  | 4.00% | 10/15/28  | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 359057 |
| P3 Irvine SL Holdings LLC Obligated Group RB Series 2024A  | 6.20% | 06/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250921 |

---

*See financial notes*

**42**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **California School Finance Authority** | **California School Finance Authority** | **California School Finance Authority** | **California School Finance Authority** | **California School Finance Authority** |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp; 231584 |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp; 177936 |
| Granada Hills Charter High School Obligated Group RB Series 2024A  | 5.00% | 07/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp; 186975 |
| **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** |
| GO Bonds Series 2024H  | 4.46% | 08/01/49 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 175344 |
| **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** |
| Refunding RB Series 2021A-1  | 5.00% | 05/15/32 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 280576 |
| **City of Palo Alto** | **City of Palo Alto** | **City of Palo Alto** | **City of Palo Alto** | **City of Palo Alto** |
| COP Series 2021  | 2.00% | 11/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 209838 |
| **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** |
| RB Series 2025D  | 5.00% | 11/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269234 |
| **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** | **Fresno Joint Powers Financing Authority** |
| RB Series 2025A  | 5.25% | 04/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 267120 |
| **Hawthorne Public Financing Authority** | **Hawthorne Public Financing Authority** | **Hawthorne Public Financing Authority** | **Hawthorne Public Financing Authority** | **Hawthorne Public Financing Authority** |
| RB 2024  | 5.00% | 11/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266277 |
| **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** |
| RB Series 2025J  | 5.00% | 12/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 282950 |
| **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** |
| Power System Revenue RB Series 2022B  | 5.00% | 07/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215954 |
| **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** |
| RB Series 2024A  | 5.00% | 07/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp; 174633 |
| Refunding RB Series 2025C  | 5.00% | 07/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264920 |
| **Pacifica School District** | **Pacifica School District** | **Pacifica School District** | **Pacifica School District** | **Pacifica School District** |
| GO Bonds Series 2024  | 4.00% | 08/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp; 143339 |
| GO Bonds Series 2024  | 4.00% | 08/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203396 |
| **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** | **Pasadena Public Financing Authority** |
| Refunding RB Series 2024  | 4.38% | 06/01/42 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 256949 |
| **Pomona Unified School District** | **Pomona Unified School District** | **Pomona Unified School District** | **Pomona Unified School District** | **Pomona Unified School District** |
| GO Bonds Series 2025-A  | 5.00% | 08/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266265 |
| **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** |
| RB Series 2021B  | 4.00% | 07/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 235944 |
| RB Series 2023B  | 5.25% | 07/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 293136 |
| **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** |
| City of Anaheim Electric System Revenue RB Series 2024A  | 5.00% | 04/01/55 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269102 |
| **State of California** | **State of California** | **State of California** | **State of California** | **State of California** |
| GO Bonds Series 2022  | 3.00% | 04/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp; 254686 |
| Refunding GO Bonds Series 2025  | 5.00% | 08/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 279911 |
| **University of California** | **University of California** | **University of California** | **University of California** | **University of California** |
| RB Series 2025CD  | 5.00% | 05/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 292390 |
| RB Series 2025CD  | 5.50% | 05/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 304033 |
| Refunding RB Series 2018O  | 4.00% | 05/15/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 243298 |
|  |  |  |  | &nbsp;&nbsp; **8778868** |
| **COLORADO** 2.6%  | **COLORADO** 2.6%  | **COLORADO** 2.6%  | **COLORADO** 2.6%  | **COLORADO** 2.6%  |
| **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** |
| RB Series 2022A  | 4.13% | 11/15/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 452701 |
| **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** |
| RB Series 2024A  | 5.00% | 11/15/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 396516 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**43**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** | **Colorado Educational & Cultural Facilities Authority** |
| Loveland Classical Schools RB Series 2023  | 5.00% | 07/01/53 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp; 370479 |
| **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** | **Colorado Health Facilities Authority** |
| CommonSpirit Health Obligated Group Refunding RB Series 2019A-1  | 5.00% | 08/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp; 227067 |
| CommonSpirit Health Obligated Group Refunding RB Series 2019A-1  | 4.00% | 08/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 187571 |
| Intermountain Healthcare Obligated Group Refunding RB Series 2019A  | 4.00% | 01/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp; 388275 |
| **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** | **University of Colorado Hospital Authority** |
| Health Obligated Group Refunding RB Series 2018B  | 1.90% | 11/15/35 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130000 |
| Health Obligated Group Refunding RB Series 2018C  | 1.90% | 11/15/39 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp; 155000 |
| **Whispering Pines Metropolitan District No. 1** | **Whispering Pines Metropolitan District No. 1** | **Whispering Pines Metropolitan District No. 1** | **Whispering Pines Metropolitan District No. 1** | **Whispering Pines Metropolitan District No. 1** |
| Refunding GO Bonds Series 2023  | 5.00% | 12/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 347807 |
|  |  |  |  | &nbsp;&nbsp; **2655416** |
| **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  |
| **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** |
| Quinnipiac University Refunding RB Series 2025O  | 5.00% | 07/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 504275 |
| Yale University RB Series 2025B  | 5.00% | 07/01/64 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 298181 |
| **State of Connecticut** | **State of Connecticut** | **State of Connecticut** | **State of Connecticut** | **State of Connecticut** |
| GO Bonds Series 2020A  | 4.00% | 01/15/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp; 290960 |
| GO Bonds Series 2020A  | 4.00% | 01/15/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259280 |
| **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** |
| Refunding RB Series 2025A  | 5.00% | 07/01/33  | &nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp; 506390 |
| Refunding RB Series 2025A  | 5.00% | 07/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 279641 |
|  |  |  |  | &nbsp;&nbsp; **2138727** |
| **DISTRICT OF COLUMBIA** 1.0%  | **DISTRICT OF COLUMBIA** 1.0%  | **DISTRICT OF COLUMBIA** 1.0%  | **DISTRICT OF COLUMBIA** 1.0%  | **DISTRICT OF COLUMBIA** 1.0%  |
| **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** |
| Refunding RB Series 2024A  | 5.00% | 10/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264869 |
| Refunding RB Series 2025A  | 5.00% | 10/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 517074 |
| **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** |
| Refunding RB Series 2019A  | 5.00% | 10/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257840 |
|  |  |  |  | &nbsp;&nbsp; **1039783** |
| **FLORIDA** 6.1%  | **FLORIDA** 6.1%  | **FLORIDA** 6.1%  | **FLORIDA** 6.1%  | **FLORIDA** 6.1%  |
| **Alachua County Health Facilities Authority** | **Alachua County Health Facilities Authority** | **Alachua County Health Facilities Authority** | **Alachua County Health Facilities Authority** | **Alachua County Health Facilities Authority** |
| Shands Teaching Hospital & Clinics Obligated Group RB Series 2019A  | 3.00% | 12/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 193548 |
| **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** |
| RB Series 2025  | 5.25% | 10/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269590 |
| **City of Hialeah Utility System** | **City of Hialeah Utility System** | **City of Hialeah Utility System** | **City of Hialeah Utility System** | **City of Hialeah Utility System** |
| Refunding RB Series 2022  | 5.00% | 10/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 222452 |
| **City of Tampa** | **City of Tampa** | **City of Tampa** | **City of Tampa** | **City of Tampa** |
| RB Series 2021C  | 2.00% | 10/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 194502 |
| Institute Obligated Group RB Series 2020B  | 5.00% | 07/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp; 275610 |
| **County of Broward Port Facilities Revenue** | **County of Broward Port Facilities Revenue** | **County of Broward Port Facilities Revenue** | **County of Broward Port Facilities Revenue** | **County of Broward Port Facilities Revenue** |
| RB Series 2025  | 5.00% | 09/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276230 |
| **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** |
| Refunding RB Series 2023A  | 5.00% | 10/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp; 212845 |

---

*See financial notes*

**44**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** |
| RB Series 2025A  | 5.00% | 10/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261054 |
| Refunding RB Series 2025B  | 4.00% | 10/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254884 |
| **Florida Development Finance Corp.** | **Florida Development Finance Corp.** | **Florida Development Finance Corp.** | **Florida Development Finance Corp.** | **Florida Development Finance Corp.** |
| Florida Health Sciences Center, Inc. Obligated Group RB Series 2026A  | 5.00% | 08/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 284523 |
| **Greater Orlando Aviation Authority** | **Greater Orlando Aviation Authority** | **Greater Orlando Aviation Authority** | **Greater Orlando Aviation Authority** | **Greater Orlando Aviation Authority** |
| RB Series 2024  | 5.00% | 10/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277184 |
| **Highlands County Health Facilities Authority** | **Highlands County Health Facilities Authority** | **Highlands County Health Facilities Authority** | **Highlands County Health Facilities Authority** | **Highlands County Health Facilities Authority** |
| RB Series 2025D  | 1.85% | 11/15/60 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65000 |
| **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** | **Hillsborough County Industrial Development Authority** |
| BayCare Obligated Group Refunding RB Series 2024C  | 5.50% | 11/15/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269792 |
| **JEA Electric System Revenue** | **JEA Electric System Revenue** | **JEA Electric System Revenue** | **JEA Electric System Revenue** | **JEA Electric System Revenue** |
| Refunding RB Series 2024A  | 5.00% | 10/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 291048 |
| **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** | **Lee County Industrial Development Authority** |
| Lee Health System, Inc. Obligated Group RB Series 2026  | 5.00% | 04/01/65 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 288924 |
| Shell Point Obligated Group RB Series 2024A  | 5.25% | 11/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp; 289908 |
| Shell Point Obligated Group RB Series 2024B-1  | 4.75% | 11/15/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 604819 |
| **Miami Beach Redevelopment Agency** | **Miami Beach Redevelopment Agency** | **Miami Beach Redevelopment Agency** | **Miami Beach Redevelopment Agency** | **Miami Beach Redevelopment Agency** |
| Center/Historic Convention Village Redevelopment & Revitalization Tax Allocation <br> Series 2025 <br>| 5.00% | 02/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268200 |
| **Palm Beach County Health Facilities Authority** | **Palm Beach County Health Facilities Authority** | **Palm Beach County Health Facilities Authority** | **Palm Beach County Health Facilities Authority** | **Palm Beach County Health Facilities Authority** |
| Baptist Health South Florida Foundation, Inc. RB Series 2019  | 3.00% | 08/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp; 123585 |
| **School Board of Miami-Dade County** | **School Board of Miami-Dade County** | **School Board of Miami-Dade County** | **School Board of Miami-Dade County** | **School Board of Miami-Dade County** |
| Refunding COP Series 2016C  | 3.25% | 02/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp; 265074 |
| **Village Community Development District No. 15** | **Village Community Development District No. 15** | **Village Community Development District No. 15** | **Village Community Development District No. 15** | **Village Community Development District No. 15** |
| Phase I Special Assessment Special Assessment Series 2023  | 5.00% | 05/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp; 253197 |
| Phase I Special Assessment Special Assessment Series 2024  | 4.20% | 05/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253414 |
| Phase I Special Assessment Special Assessment Series 2024  | 4.80% | 05/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 244213 |
| **Village Community Development District No. 16** | **Village Community Development District No. 16** | **Village Community Development District No. 16** | **Village Community Development District No. 16** | **Village Community Development District No. 16** |
| Special Assessment Series 2025  | 4.88% | 05/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254556 |
|  |  |  |  | &nbsp;&nbsp; **6194152** |
| **GEORGIA** 1.9%  | **GEORGIA** 1.9%  | **GEORGIA** 1.9%  | **GEORGIA** 1.9%  | **GEORGIA** 1.9%  |
| **Brookhaven Development Authority** | **Brookhaven Development Authority** | **Brookhaven Development Authority** | **Brookhaven Development Authority** | **Brookhaven Development Authority** |
| Children's Healthcare of Atlanta Obligated Group RB Series 2019A  | 3.00% | 07/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 240430 |
| **Columbia County Hospital Authority** | **Columbia County Hospital Authority** | **Columbia County Hospital Authority** | **Columbia County Hospital Authority** | **Columbia County Hospital Authority** |
| WellStar Health System Obligated Group RB Series 2023A  | 5.13% | 04/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259792 |
| **Main Street Energy, Inc.** | **Main Street Energy, Inc.** | **Main Street Energy, Inc.** | **Main Street Energy, Inc.** | **Main Street Energy, Inc.** |
| RB Series 2025D  | 5.00% | 12/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp; 819240 |
| **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** | **Main Street Natural Gas, Inc.** |
| RB Series 2023D  | 5.00% | 05/01/54 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268470 |
| **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** |
| Refunding RB Series 2025B  | 5.00% | 07/01/36  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 304205 |
|  |  |  |  | &nbsp;&nbsp; **1892137** |
| **IDAHO** 0.5%  | **IDAHO** 0.5%  | **IDAHO** 0.5%  | **IDAHO** 0.5%  | **IDAHO** 0.5%  |
| **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** |
| White Pine Charter School, Inc. RB Series 2023A  | 5.25% | 05/01/38 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 320898 |
| White Pine Charter School, Inc. RB Series 2023A  | 5.50% | 05/01/43 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp; 242104 |
|  |  |  |  | &nbsp;&nbsp; **563002** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**45**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **ILLINOIS** 7.1%  | **ILLINOIS** 7.1%  | **ILLINOIS** 7.1%  | **ILLINOIS** 7.1%  | **ILLINOIS** 7.1%  |
| **Chicago Board of Education** | **Chicago Board of Education** | **Chicago Board of Education** | **Chicago Board of Education** | **Chicago Board of Education** |
| GO Bonds Series 2023A  | 5.50% | 12/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 488530 |
| **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** |
| RB Series 2022A  | 5.25% | 01/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305977 |
| RB Series 2025A  | 5.00% | 01/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 282191 |
| RB Series 2026A  | 5.25% | 01/01/56 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263346 |
| Refunding RB Series 2025C  | 5.25% | 01/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264445 |
| **Chicago Park District** | **Chicago Park District** | **Chicago Park District** | **Chicago Park District** | **Chicago Park District** |
| Refunding GO Bonds Series 2023C  | 5.00% | 01/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219827 |
| **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** |
| RB Series 2026A  | 5.00% | 12/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266288 |
| RB Series 2026A  | 5.25% | 12/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211839 |
| RB Series 2026A  | 5.50% | 12/01/59 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 214964 |
| Refunding RB Series 2020A  | 5.00% | 12/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253238 |
| **City of Chicago** | **City of Chicago** | **City of Chicago** | **City of Chicago** | **City of Chicago** |
| GO Bonds Series 2019A  | 5.50% | 01/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75379 |
| GO Bonds Series 2024A  | 5.00% | 01/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp; 305954 |
| **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** |
| Refunding RB Series 2023B  | 5.00% | 11/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 281537 |
| **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** |
| Northwestern Memorial Healthcare Obligated Group Refunding RB Series 2021A  | 4.00% | 07/15/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp; 245641 |
| Water Revolving Fund - Clean Water Program RB Series 2025A  | 5.00% | 07/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275081 |
| **Illinois Housing Development Authority** | **Illinois Housing Development Authority** | **Illinois Housing Development Authority** | **Illinois Housing Development Authority** | **Illinois Housing Development Authority** |
| Refunding RB Series 2026A  | 4.25% | 10/01/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254292 |
| **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** |
| RB Series 2025A  | 5.00% | 01/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268857 |
| Refunding RB Series 2024A  | 5.00% | 01/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 292411 |
| **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** |
| State of Illinois McCormick Place Expansion Project Fund Refunding RB Series 2010  | 4.77% | 06/15/43 *(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 405000 | &nbsp;&nbsp; 200813 |
| State of Illinois McCormick Place Expansion Project Fund Refunding RB Series <br> 2022A <br>| 4.20% | 06/15/41 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 274828 |
| **State of Illinois** | **State of Illinois** | **State of Illinois** | **State of Illinois** | **State of Illinois** |
| GO Bonds Series 2016  | 4.00% | 06/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250284 |
| GO Bonds Series 2022A  | 5.50% | 03/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp; 338508 |
| GO Bonds Series 2023B  | 5.25% | 05/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274506 |
| GO Bonds Series 2024B  | 5.00% | 10/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp; 431982 |
| GO Bonds Series 2024B  | 5.25% | 05/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207851 |
| GO Bonds Series 2025F  | 5.25% | 09/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263985 |
| **University of Illinois Auxiliary Facilities System** | **University of Illinois Auxiliary Facilities System** | **University of Illinois Auxiliary Facilities System** | **University of Illinois Auxiliary Facilities System** | **University of Illinois Auxiliary Facilities System** |
| Refunding RB Series 2024A  | 5.25% | 04/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272950 |
|  |  |  |  | &nbsp;&nbsp; **7285504** |
| **INDIANA** 0.2%  | **INDIANA** 0.2%  | **INDIANA** 0.2%  | **INDIANA** 0.2%  | **INDIANA** 0.2%  |
| **City of Whiting** | **City of Whiting** | **City of Whiting** | **City of Whiting** | **City of Whiting** |
| BP Products North America, Inc. RB Series 2008  | 4.20% | 06/01/44 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp; **162540** |
| **KENTUCKY** 0.9%  | **KENTUCKY** 0.9%  | **KENTUCKY** 0.9%  | **KENTUCKY** 0.9%  | **KENTUCKY** 0.9%  |
| **Kenton County School District Finance Corp.** | **Kenton County School District Finance Corp.** | **Kenton County School District Finance Corp.** | **Kenton County School District Finance Corp.** | **Kenton County School District Finance Corp.** |
| RB Series 2021  | 2.00% | 12/01/27 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp; 324625 |

---

*See financial notes*

**46**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kentucky Economic Development Finance Auth** | **Kentucky Economic Development Finance Auth** | **Kentucky Economic Development Finance Auth** | **Kentucky Economic Development Finance Auth** | **Kentucky Economic Development Finance Auth** |
| Solid Waste Refunding Bonds (Republic Services Inc) Series 2010A Kentucky <br> Economic Development Finance Auth Solid Waste Refunding Bonds (Republic <br> Services Inc) Series 2010A <br>| 3.45% | 04/01/31 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250000 |
| **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** |
| RB Series 2017A  | 3.25% | 05/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 172181 |
| **Northern Kentucky University** | **Northern Kentucky University** | **Northern Kentucky University** | **Northern Kentucky University** | **Northern Kentucky University** |
| RB Series 2019A  | 3.00% | 09/01/40 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp; 214017 |
|  |  |  |  | &nbsp;&nbsp; **960823** |
| **LOUISIANA** 1.0%  | **LOUISIANA** 1.0%  | **LOUISIANA** 1.0%  | **LOUISIANA** 1.0%  | **LOUISIANA** 1.0%  |
| **Louisiana Housing Corp.** | **Louisiana Housing Corp.** | **Louisiana Housing Corp.** | **Louisiana Housing Corp.** | **Louisiana Housing Corp.** |
| RB Series 2023C  | 5.75% | 12/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp; 209901 |
| **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** |
| Ochsner Clinic Foundation Obligated Group Refunding RB Series 2020A  | 3.00% | 05/15/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp; 161516 |
| **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** |
| Refunding RB Series 2023A  | 5.00% | 07/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 365001 |
| **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** |
| RB Series 2025B  | 5.00% | 05/01/35  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 299207 |
|  |  |  |  | &nbsp;&nbsp; **1035625** |
| **MAINE** 1.0%  | **MAINE** 1.0%  | **MAINE** 1.0%  | **MAINE** 1.0%  | **MAINE** 1.0%  |
| **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** |
| MaineHealth Obligated Group RB Series 2023B  | 5.25% | 07/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265414 |
| **Maine State Housing Authority** | **Maine State Housing Authority** | **Maine State Housing Authority** | **Maine State Housing Authority** | **Maine State Housing Authority** |
| RB Series 2026A  | 4.15% | 11/15/41 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253381 |
| RB Series 2026A  | 4.65% | 11/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254211 |
| Refunding RB Series 2025D  | 4.85% | 11/15/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258357 |
|  |  |  |  | &nbsp;&nbsp; **1031363** |
| **MARYLAND** 1.4%  | **MARYLAND** 1.4%  | **MARYLAND** 1.4%  | **MARYLAND** 1.4%  | **MARYLAND** 1.4%  |
| **Maryland Department of Housing & Community Development** | **Maryland Department of Housing & Community Development** | **Maryland Department of Housing & Community Development** | **Maryland Department of Housing & Community Development** | **Maryland Department of Housing & Community Development** |
| RB Series 2024B  | 4.80% | 07/01/59 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252284 |
| **Maryland Economic Development Corp.** | **Maryland Economic Development Corp.** | **Maryland Economic Development Corp.** | **Maryland Economic Development Corp.** | **Maryland Economic Development Corp.** |
| Ports America Chesapeake LLC Refunding RB Series 2017A  | 5.00% | 06/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259702 |
| **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** | **Maryland Health & Higher Educational Facilities Authority** |
| Frederick Health, Inc. Obligated Group Refunding RB Series 2023  | 5.00% | 07/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 378479 |
| MedStar Health Obligated Group Refunding RB Series 2026A  | 5.00% | 08/15/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 285196 |
| MedStar Health Obligated Group Refunding RB Series 2026C  | 5.00% | 08/15/32  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 286074 |
|  |  |  |  | &nbsp;&nbsp; **1461735** |
| **MASSACHUSETTS** 2.5%  | **MASSACHUSETTS** 2.5%  | **MASSACHUSETTS** 2.5%  | **MASSACHUSETTS** 2.5%  | **MASSACHUSETTS** 2.5%  |
| **City of Quincy** | **City of Quincy** | **City of Quincy** | **City of Quincy** | **City of Quincy** |
| GO Bonds Series 2021  | 2.00% | 01/15/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 164634 |
| **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** |
| GO Bonds Series 2025G  | 5.00% | 12/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270508 |
| **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** |
| RB Series 2025A  | 5.00% | 06/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263818 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**47**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** |
| RB Series 2025B  | 5.25% | 07/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 537427 |
| **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** |
| Boston Medical Center Corp. Obligated Group Refunding RB Series 2023G  | 5.25% | 07/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp; 284599 |
| Smith College Refunding RB Series 2025  | 4.00% | 07/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 249322 |
| Suffolk University Refunding RB Series 2025  | 6.00% | 07/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 267177 |
| **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** | **Massachusetts Housing Finance Agency** |
| Refunding RB Series 2017A  | 4.45% | 12/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500009 |
|  |  |  |  | &nbsp;&nbsp; **2537494** |
| **MICHIGAN** 2.3%  | **MICHIGAN** 2.3%  | **MICHIGAN** 2.3%  | **MICHIGAN** 2.3%  | **MICHIGAN** 2.3%  |
| **Anchor Bay School District** | **Anchor Bay School District** | **Anchor Bay School District** | **Anchor Bay School District** | **Anchor Bay School District** |
| GO Bonds Series 2025II  | 5.00% | 11/01/44 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273437 |
| **Lansing Board of Water & Light** | **Lansing Board of Water & Light** | **Lansing Board of Water & Light** | **Lansing Board of Water & Light** | **Lansing Board of Water & Light** |
| Refunding RB Series 2024A  | 5.00% | 07/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262577 |
| **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** |
| Detroit Public Lighting Authority Utility Users Tax Revenue Refunding RB Series <br> 2025A <br>| 5.00% | 07/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 548049 |
| **Saginaw City School District** | **Saginaw City School District** | **Saginaw City School District** | **Saginaw City School District** | **Saginaw City School District** |
| GO Bonds Series 2021  | 4.00% | 05/01/50 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp; 214314 |
| **Southfield Public Schools** | **Southfield Public Schools** | **Southfield Public Schools** | **Southfield Public Schools** | **Southfield Public Schools** |
| GO Bonds 2025  | 5.00% | 05/01/36 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp; 259404 |
| **State of Michigan** | **State of Michigan** | **State of Michigan** | **State of Michigan** | **State of Michigan** |
| Refunding RB Series 2016  | 5.00% | 03/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp; 360268 |
| **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** |
| RB Series 2023  | 5.50% | 11/15/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271997 |
| **Waverly Community Schools** | **Waverly Community Schools** | **Waverly Community Schools** | **Waverly Community Schools** | **Waverly Community Schools** |
| GO Bonds Series 2022I  | 3.00% | 11/01/47 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 154896 |
|  |  |  |  | &nbsp;&nbsp; **2344942** |
| **MINNESOTA** 1.9%  | **MINNESOTA** 1.9%  | **MINNESOTA** 1.9%  | **MINNESOTA** 1.9%  | **MINNESOTA** 1.9%  |
| **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** | **City of Minneapolis/St. Paul Housing & Redevelopment Authority** |
| Children's Health Care Obligated Group RB Series 2025  | 5.00% | 08/15/31  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 283638 |
| **Hopkins Independent School District No. 270** | **Hopkins Independent School District No. 270** | **Hopkins Independent School District No. 270** | **Hopkins Independent School District No. 270** | **Hopkins Independent School District No. 270** |
| GO Bonds Series 2019A  | 3.00% | 02/01/34 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp; 285211 |
| **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** |
| RB Series 2024A  | 4.00% | 01/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp; 267325 |
| RB Series 2024B  | 5.00% | 01/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271890 |
| **State of Minnesota** | **State of Minnesota** | **State of Minnesota** | **State of Minnesota** | **State of Minnesota** |
| GO Bonds Series 2024A  | 5.00% | 08/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506061 |
| **Wayzata Independent School District No. 284** | **Wayzata Independent School District No. 284** | **Wayzata Independent School District No. 284** | **Wayzata Independent School District No. 284** | **Wayzata Independent School District No. 284** |
| GO Bonds Series 2019-A  | 2.25% | 02/01/35 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 275720 |
|  |  |  |  | &nbsp;&nbsp; **1889845** |
| **MISSOURI** 0.9%  | **MISSOURI** 0.9%  | **MISSOURI** 0.9%  | **MISSOURI** 0.9%  | **MISSOURI** 0.9%  |
| **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** |
| RB Series 2024A  | 5.25% | 07/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 267029 |
| **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** |
| Lutheran Senior Services Obligated Group Refunding RB Series 2024A  | 5.25% | 02/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp; 300701 |

---

*See financial notes*

**48**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kansas City Industrial Development Authority** | **Kansas City Industrial Development Authority** | **Kansas City Industrial Development Authority** | **Kansas City Industrial Development Authority** | **Kansas City Industrial Development Authority** |
| Airport Revenue RB Series 2020A  | 5.00% | 03/01/32 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp; 372266 |
|  |  |  |  | &nbsp;&nbsp; **939996** |
| **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  |
| **Omaha Airport Authority** | **Omaha Airport Authority** | **Omaha Airport Authority** | **Omaha Airport Authority** | **Omaha Airport Authority** |
| RB Series 2024  | 5.00% | 12/15/33  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; **286729** |
| **NEVADA** 0.5%  | **NEVADA** 0.5%  | **NEVADA** 0.5%  | **NEVADA** 0.5%  | **NEVADA** 0.5%  |
| **County of Clark Department of Aviation** | **County of Clark Department of Aviation** | **County of Clark Department of Aviation** | **County of Clark Department of Aviation** | **County of Clark Department of Aviation** |
| Refunding RB Series 2021B  | 5.00% | 07/01/27  | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp; 242758 |
| **Las Vegas Valley Water District** | **Las Vegas Valley Water District** | **Las Vegas Valley Water District** | **Las Vegas Valley Water District** | **Las Vegas Valley Water District** |
| GO Bonds Series 2025A  | 4.00% | 06/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 248146 |
|  |  |  |  | &nbsp;&nbsp; **490904** |
| **NEW HAMPSHIRE** 0.8%  | **NEW HAMPSHIRE** 0.8%  | **NEW HAMPSHIRE** 0.8%  | **NEW HAMPSHIRE** 0.8%  | **NEW HAMPSHIRE** 0.8%  |
| **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** |
| Novant Health Obligated Group RB Series 2025A  | 5.00% | 06/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250690 |
| Waste Management, Inc. Refunding RB Series 2018A  | 4.00% | 10/01/33 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250718 |
| **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** |
| Dartmouth Health Obligated Group Refunding RB Series 2025  | 5.50% | 08/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270190 |
|  |  |  |  | &nbsp;&nbsp; **771598** |
| **NEW JERSEY** 3.5%  | **NEW JERSEY** 3.5%  | **NEW JERSEY** 3.5%  | **NEW JERSEY** 3.5%  | **NEW JERSEY** 3.5%  |
| **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** |
| RB Series 2017B  | 5.00% | 06/15/30 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp; 258289 |
| **New Jersey Housing & Mortgage Finance Agency** | **New Jersey Housing & Mortgage Finance Agency** | **New Jersey Housing & Mortgage Finance Agency** | **New Jersey Housing & Mortgage Finance Agency** | **New Jersey Housing & Mortgage Finance Agency** |
| RB Series 2025A  | 4.90% | 11/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253507 |
| RB Series 2025A  | 4.95% | 11/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253380 |
| **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** |
| RB Series 2020AA  | 4.00% | 06/15/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp; 167714 |
| RB Series 2023BB  | 5.00% | 06/15/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273164 |
| RB Series 2023BB  | 5.00% | 06/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265338 |
| RB Series 2024CC  | 5.25% | 06/15/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 532429 |
| RB Series 2025AA  | 5.00% | 06/15/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259625 |
| Refunding RB Series 2019A  | 5.00% | 12/15/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp; 245644 |
| **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** |
| RB Series 2022B  | 4.50% | 01/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 508849 |
| RB Series 2025B  | 5.00% | 01/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263094 |
| RB Series 2025B  | 5.00% | 01/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 282077 |
|  |  |  |  | &nbsp;&nbsp; **3563110** |
| **NEW YORK** 15.0%  | **NEW YORK** 15.0%  | **NEW YORK** 15.0%  | **NEW YORK** 15.0%  | **NEW YORK** 15.0%  |
| **Build NYC Resource Corp.** | **Build NYC Resource Corp.** | **Build NYC Resource Corp.** | **Build NYC Resource Corp.** | **Build NYC Resource Corp.** |
| Success Academy Charter Schools, Inc. Obligated Group RB Series 2024  | 5.00% | 09/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268401 |
| **City of New York** | **City of New York** | **City of New York** | **City of New York** | **City of New York** |
| GO Bonds Series 2012A-3  | 2.00% | 10/01/40 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp; 600000 |
| GO Bonds Series 2019B-1  | 3.00% | 10/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp; 453803 |
| GO Bonds Series 2021A-1  | 4.00% | 08/01/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258156 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**49**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| GO Bonds Series 2021F-1  | 4.00% | 03/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp; 282219 |
| GO Bonds Series 2022D-1  | 5.50% | 05/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269136 |
| GO Bonds Series 2025A-1  | 5.25% | 08/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265849 |
| GO Bonds Series 2025D  | 5.25% | 10/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266453 |
| GO Bonds Series 2025G-1  | 5.00% | 02/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 288016 |
| GO Bonds Series 2025G-2  | 2.00% | 02/01/55 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200000 |
| **Long Island Power Authority** | **Long Island Power Authority** | **Long Island Power Authority** | **Long Island Power Authority** | **Long Island Power Authority** |
| Refunding RB Series 2025A  | 5.25% | 09/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp; 218341 |
| **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** |
| RB Series 2005D-2  | 2.00% | 11/01/35 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp; 290000 |
| Refunding RB Series 2016C-2A  | 3.00% | 11/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 174166 |
| Refunding RB Series 2025B  | 5.00% | 11/15/31  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 285762 |
| Refunding RB Series 2025B  | 5.00% | 11/15/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277352 |
| **New York City Housing Development Corp.** | **New York City Housing Development Corp.** | **New York City Housing Development Corp.** | **New York City Housing Development Corp.** | **New York City Housing Development Corp.** |
| RB Series 2024F-1A  | 4.55% | 11/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 492322 |
| **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** |
| Water & Sewer System RB Series 2024AA  | 5.00% | 06/15/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262378 |
| Water & Sewer System RB Series 2024CC-1  | 4.25% | 06/15/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 240977 |
| Water & Sewer System RB Series 2025AA-1  | 5.00% | 06/15/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261843 |
| Water & Sewer System Refunding RB Series 2022BB-2  | 2.02% | 06/15/44 *(b)(e)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp; 595000 |
| Water & Sewer System Refunding RB Series 2025CC  | 5.00% | 06/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268732 |
| **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** |
| RB Series 2025S-1  | 5.00% | 07/15/34  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 301363 |
| RB Series 2025S-1  | 5.00% | 07/15/35  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 304271 |
| **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** |
| RB Series 2019A-2  | 5.00% | 05/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp; 296549 |
| RB Series 2022A-1  | 4.00% | 08/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 188389 |
| RB Series 2022C-1  | 4.00% | 02/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258347 |
| RB Series 2023B  | 4.38% | 05/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 241231 |
| RB Series 2024G-1  | 5.25% | 05/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 531131 |
| RB Series 2025A  | 5.25% | 05/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 267392 |
| RB Series 2025E  | 5.00% | 11/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 289398 |
| RB Series 2025H  | 5.50% | 11/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272505 |
| Refunding RB Series 2025F-1  | 5.00% | 11/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 291313 |
| **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** |
| New York Institute of Technology RB Series 2024  | 5.00% | 07/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 526776 |
| Personal Income Tax Revenue Refunding RB Series 2017A  | 4.00% | 02/15/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 505191 |
| Personal Income Tax Revenue Refunding RB Series 2025C  | 5.00% | 03/15/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 601887 |
| Personal Income Tax Revenue Refunding RB Series 2025C  | 5.25% | 03/15/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269314 |
| Sales Tax Revenue Refunding RB Series 2025A  | 5.00% | 03/15/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 267693 |
| State University of New York Dormitory Facilities Revenue RB Series 2025A  | 5.25% | 07/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266927 |
| **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** |
| Refunding RB Series 2026A  | 5.00% | 01/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 297270 |
| Personal Income Tax Revenue Refunding RB Series 2021A-1  | 4.00% | 03/15/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp; 265186 |
| **New York Transportation Development Corp.** | **New York Transportation Development Corp.** | **New York Transportation Development Corp.** | **New York Transportation Development Corp.** | **New York Transportation Development Corp.** |
| JFK Millennium Partners LLC Refunding RB Series 2024A  | 5.50% | 12/31/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257468 |
| JFK NTO LLC RB Series 2023  | 5.50% | 06/30/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270928 |
| JFK NTO LLC RB Series 2024  | 5.25% | 06/30/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254870 |
| JFK NTO LLC RB Series 2025  | 6.00% | 06/30/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270275 |

---

*See financial notes*

**50**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** |
| Refunding RB Series 2025-250  | 5.25% | 10/15/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270993 |
| **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** |
| RB Series 2025A  | 5.50% | 11/15/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274585 |
| Metropolitan Transportation Authority Payroll Mobility Tax Revenue RB Series <br> 2022D-2 <br>| 5.50% | 05/15/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp; 245742 |
| Metropolitan Transportation Authority Payroll Mobility Tax Revenue Refunding RB <br> Series 2022A <br>| 5.00% | 05/15/57 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258591 |
| Metropolitan Transportation Authority Payroll Mobility Tax Revenue Refunding RB <br> Series 2024C <br>| 5.00% | 11/15/38 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 378691 |
|  |  |  |  | &nbsp;&nbsp; **15243182** |
| **NORTH CAROLINA** 1.6%  | **NORTH CAROLINA** 1.6%  | **NORTH CAROLINA** 1.6%  | **NORTH CAROLINA** 1.6%  | **NORTH CAROLINA** 1.6%  |
| **City of Sanford Utility Systems Revenue** | **City of Sanford Utility Systems Revenue** | **City of Sanford Utility Systems Revenue** | **City of Sanford Utility Systems Revenue** | **City of Sanford Utility Systems Revenue** |
| RB Series 2024  | 4.00% | 06/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 242654 |
| **Greater Asheville Regional Airport Authority** | **Greater Asheville Regional Airport Authority** | **Greater Asheville Regional Airport Authority** | **Greater Asheville Regional Airport Authority** | **Greater Asheville Regional Airport Authority** |
| RB Series 2022A  | 5.50% | 07/01/52 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260972 |
| **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** | **North Carolina Housing Finance Agency** |
| RB Series 2025-59  | 4.55% | 07/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253606 |
| **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** | **North Carolina Medical Care Commission** |
| Carolina Meadows, Inc. Obligated Group RB Series 2024  | 5.25% | 12/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516440 |
| United Methodist Retirement Homes, Inc. Obligated Group RB Series 2024A  | 5.00% | 10/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp; 315776 |
|  |  |  |  | &nbsp;&nbsp; **1589448** |
| **OHIO** 1.3%  | **OHIO** 1.3%  | **OHIO** 1.3%  | **OHIO** 1.3%  | **OHIO** 1.3%  |
| **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** | **Buckeye Tobacco Settlement Financing Authority** |
| Refunding RB Series 2020B-2  | 5.00% | 06/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 206756 |
| **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** |
| Refunding RB Series 2025A  | 5.50% | 01/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266616 |
| **County of Hamilton** | **County of Hamilton** | **County of Hamilton** | **County of Hamilton** | **County of Hamilton** |
| UC Health Obligated Group Refunding RB Series 2025A  | 5.50% | 08/01/45 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263563 |
| **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** |
| RB Series 2024  | 5.00% | 12/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 298436 |
| **University of Cincinnati** | **University of Cincinnati** | **University of Cincinnati** | **University of Cincinnati** | **University of Cincinnati** |
| RB Series 2024A  | 5.25% | 06/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263162 |
|  |  |  |  | &nbsp;&nbsp; **1298533** |
| **OKLAHOMA** 1.2%  | **OKLAHOMA** 1.2%  | **OKLAHOMA** 1.2%  | **OKLAHOMA** 1.2%  | **OKLAHOMA** 1.2%  |
| **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** | **Oklahoma Development Finance Authority** |
| OU Medicine Obligated Group RB Series 2018B  | 5.50% | 08/15/57 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500999 |
| **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** |
| Refunding RB Series 2025A  | 5.25% | 01/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268443 |
| **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** |
| RB Series 2021C  | 3.00% | 10/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp; 193513 |
| **University of Oklahoma** | **University of Oklahoma** | **University of Oklahoma** | **University of Oklahoma** | **University of Oklahoma** |
| Refunding RB Series 2024A  | 4.13% | 07/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 238682 |
|  |  |  |  | &nbsp;&nbsp; **1201637** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**51**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **OREGON** 0.9%  | **OREGON** 0.9%  | **OREGON** 0.9%  | **OREGON** 0.9%  | **OREGON** 0.9%  |
| **Lane County School District No. 40 Creswell** | **Lane County School District No. 40 Creswell** | **Lane County School District No. 40 Creswell** | **Lane County School District No. 40 Creswell** | **Lane County School District No. 40 Creswell** |
| GO Bonds Series 2023  | 5.18% | 06/15/43 *(b)(d)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp; 392754 |
| **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** |
| Refunding RB Series 2025A  | 5.00% | 04/01/26  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250573 |
| **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** | **Port of Portland Airport Revenue** |
| RB Series 2020-27A  | 4.00% | 07/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252360 |
|  |  |  |  | &nbsp;&nbsp; **895687** |
| **PENNSYLVANIA** 4.7%  | **PENNSYLVANIA** 4.7%  | **PENNSYLVANIA** 4.7%  | **PENNSYLVANIA** 4.7%  | **PENNSYLVANIA** 4.7%  |
| **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** |
| Refunding RB Series 2025  | 4.25% | 12/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252094 |
| Refunding RB Series 2025  | 5.00% | 12/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263153 |
| **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** |
| GO Bonds Series 2019B  | 5.00% | 02/01/34 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp; 356420 |
| **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** |
| RB Series 2020A  | 5.00% | 11/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257818 |
| **Commonwealth Financing Authority** | **Commonwealth Financing Authority** | **Commonwealth Financing Authority** | **Commonwealth Financing Authority** | **Commonwealth Financing Authority** |
| RB Series 2018  | 5.00% | 06/01/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 523170 |
| **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** |
| GO Bonds Series 2024-1st  | 5.00% | 08/15/27  | &nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp; 317857 |
| **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** |
| Republic Services, Inc. RB Series 2021B-2  | 3.25% | 04/01/49 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250144 |
| Republic Services, Inc. Refunding RB Series 2019A  | 3.25% | 04/01/34 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250047 |
| UPMC Obligated Group Refunding RB Series 2022A  | 5.00% | 02/15/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255894 |
| Waste Management, Inc. RB Series 2021A  | 4.00% | 06/01/41 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250178 |
| **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** | **Pennsylvania Housing Finance Agency** |
| RB Series 2025151-A  | 3.90% | 10/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253820 |
| RB Series 2025-151A  | 4.90% | 10/01/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252573 |
| Refunding RB Series 2025-150A  | 4.15% | 04/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156877 |
| Refunding RB Series 2025-150A  | 4.25% | 10/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104904 |
| **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** |
| Refunding RB Series 2022B  | 5.00% | 12/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 527254 |
| Refunding RB Series 2025-1st  | 5.00% | 06/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264488 |
| Refunding RB Series 2025-2nd  | 5.00% | 12/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp; 234872 |
|  |  |  |  | &nbsp;&nbsp; **4771563** |
| **PUERTO RICO** 1.0%  | **PUERTO RICO** 1.0%  | **PUERTO RICO** 1.0%  | **PUERTO RICO** 1.0%  | **PUERTO RICO** 1.0%  |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** | **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue** |
| RB Series 2018A-1  | 5.23% | 07/01/46 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 179855 |
| RB Series 2018A-1  | 5.27% | 07/01/51 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 131554 |
| RB Series 2018A-1  | 4.75% | 07/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 438805 |
| RB Series 2018A-1  | 5.00% | 07/01/58 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 245382 |
|  |  |  |  | &nbsp;&nbsp; **995596** |
| **RHODE ISLAND** 0.2%  | **RHODE ISLAND** 0.2%  | **RHODE ISLAND** 0.2%  | **RHODE ISLAND** 0.2%  | **RHODE ISLAND** 0.2%  |
| **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** |
| Lifespan Corp. Obligated Group RB Series 2024  | 5.00% | 05/15/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; **218169** |

---

*See financial notes*

**52**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **SOUTH CAROLINA** 2.0%  | **SOUTH CAROLINA** 2.0%  | **SOUTH CAROLINA** 2.0%  | **SOUTH CAROLINA** 2.0%  | **SOUTH CAROLINA** 2.0%  |
| **South Carolina Jobs-Economic Development Authority** | **South Carolina Jobs-Economic Development Authority** | **South Carolina Jobs-Economic Development Authority** | **South Carolina Jobs-Economic Development Authority** | **South Carolina Jobs-Economic Development Authority** |
| Novant Health Obligated Group RB Series 2024A  | 5.50% | 11/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265728 |
| **South Carolina Ports Authority** | **South Carolina Ports Authority** | **South Carolina Ports Authority** | **South Carolina Ports Authority** | **South Carolina Ports Authority** |
| RB Series 2018  | 4.00% | 07/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp; 226392 |
| **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** |
| RB Series 2022E  | 5.75% | 12/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 549221 |
| RB Series 2024A  | 5.00% | 12/01/30  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 280040 |
| RB Series 2026A  | 5.25% | 12/01/56 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265434 |
| Refunding RB Series 2016B  | 5.00% | 12/01/56 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250053 |
| **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** | **South Carolina State Housing Finance & Development Authority** |
| RB Series 2026A  | 4.50% | 07/01/46 *(b)(c)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252911 |
|  |  |  |  | &nbsp;&nbsp; **2089779** |
| **TENNESSEE** 2.2%  | **TENNESSEE** 2.2%  | **TENNESSEE** 2.2%  | **TENNESSEE** 2.2%  | **TENNESSEE** 2.2%  |
| **Chattanooga Health Educational & Housing Facility Board** | **Chattanooga Health Educational & Housing Facility Board** | **Chattanooga Health Educational & Housing Facility Board** | **Chattanooga Health Educational & Housing Facility Board** | **Chattanooga Health Educational & Housing Facility Board** |
| CDFI Phase I LLC Refunding RB Series 2015  | 5.00% | 10/01/29 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500355 |
| **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** |
| Belmont University RB Series 2023  | 5.25% | 05/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258819 |
| **Metropolitan Government Nashville & Davidson County Industrial Development Board** | **Metropolitan Government Nashville & Davidson County Industrial Development Board** | **Metropolitan Government Nashville & Davidson County Industrial Development Board** | **Metropolitan Government Nashville & Davidson County Industrial Development Board** | **Metropolitan Government Nashville & Davidson County Industrial Development Board** |
| Waste Management, Inc. of Tennessee RB Series 2001  | 3.88% | 08/01/31 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250758 |
| **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** |
| RB Series 2021A  | 4.00% | 07/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 245827 |
| Refunding RB Series 2025  | 5.25% | 07/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266499 |
| **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** |
| RB Series 2022B  | 5.25% | 07/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261533 |
| RB Series 2026A  | 5.00% | 07/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269053 |
| **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** | **Tennessee Housing Development Agency** |
| RB Series 2023-3A  | 6.25% | 01/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp; 241640 |
|  |  |  |  | &nbsp;&nbsp; **2294484** |
| **TEXAS** 11.9%  | **TEXAS** 11.9%  | **TEXAS** 11.9%  | **TEXAS** 11.9%  | **TEXAS** 11.9%  |
| **Aldine Independent School District** | **Aldine Independent School District** | **Aldine Independent School District** | **Aldine Independent School District** | **Aldine Independent School District** |
| GO Bonds Series 2024  | 4.00% | 02/15/54 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 185536 |
| **Arlington Higher Education Finance Corp.** | **Arlington Higher Education Finance Corp.** | **Arlington Higher Education Finance Corp.** | **Arlington Higher Education Finance Corp.** | **Arlington Higher Education Finance Corp.** |
| Harmony Public Schools RB Series 2024  | 4.00% | 02/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 496504 |
| **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** |
| RB Series 2024B  | 4.00% | 08/15/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 232280 |
| **Cedar Hill Independent School District** | **Cedar Hill Independent School District** | **Cedar Hill Independent School District** | **Cedar Hill Independent School District** | **Cedar Hill Independent School District** |
| GO Bonds Series 2024  | 4.00% | 02/15/50 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 236182 |
| **City of Austin** | **City of Austin** | **City of Austin** | **City of Austin** | **City of Austin** |
| Refunding GO Bonds Series 2025  | 5.00% | 09/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 382554 |
| **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** |
| Refunding RB Series 2024  | 4.25% | 07/15/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 383258 |
| **City of Dallas** | **City of Dallas** | **City of Dallas** | **City of Dallas** | **City of Dallas** |
| Special Tax Series 2023  | 6.25% | 08/15/53 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp; 245326 |
| **City of Garland Electric Utility System Revenue** | **City of Garland Electric Utility System Revenue** | **City of Garland Electric Utility System Revenue** | **City of Garland Electric Utility System Revenue** | **City of Garland Electric Utility System Revenue** |
| RB Series 2023  | 4.25% | 03/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 246761 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**53**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Houston** | **City of Houston** | **City of Houston** | **City of Houston** | **City of Houston** |
| GO Bonds Series 2024A  | 4.13% | 03/01/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 236391 |
| **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** |
| Refunding RB Series 2023A  | 5.00% | 07/01/31  | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp; 305764 |
| **City of San Antonio** | **City of San Antonio** | **City of San Antonio** | **City of San Antonio** | **City of San Antonio** |
| GO Bonds Series 2023  | 4.00% | 02/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254693 |
| **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** |
| RB Series 2023B  | 4.00% | 02/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252401 |
| RB Series 2024C  | 5.00% | 02/01/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259639 |
| **City of Terrell** | **City of Terrell** | **City of Terrell** | **City of Terrell** | **City of Terrell** |
| GO Bonds Series 2023C  | 4.50% | 08/15/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502843 |
| **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** | **Clifton Higher Education Finance Corp.** |
| International Leadership of Texas, Inc. Refunding RB Series 2025A  | 5.00% | 02/15/30 *(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272936 |
| **Community Independent School District** | **Community Independent School District** | **Community Independent School District** | **Community Independent School District** | **Community Independent School District** |
| Refunding GO Bonds Series 2024  | 5.00% | 02/15/40 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp; 191369 |
| **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** |
| RB Series 2024A  | 4.00% | 08/15/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp; 380103 |
| **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** |
| RB Series 2025A-1  | 5.25% | 11/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 576177 |
| **Denton County Municipal Utility District No. 6** | **Denton County Municipal Utility District No. 6** | **Denton County Municipal Utility District No. 6** | **Denton County Municipal Utility District No. 6** | **Denton County Municipal Utility District No. 6** |
| GO Bonds Series 2021  | 2.50% | 09/01/39 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp; 126527 |
| **El Paso County Hospital District** | **El Paso County Hospital District** | **El Paso County Hospital District** | **El Paso County Hospital District** | **El Paso County Hospital District** |
| Refunding GO Bonds Series 2017  | 5.00% | 08/15/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp; 168730 |
| Refunding GO Bonds Series 2017  | 5.00% | 08/15/35 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204030 |
| **Garland Independent School District** | **Garland Independent School District** | **Garland Independent School District** | **Garland Independent School District** | **Garland Independent School District** |
| GO Bonds Series 2023A  | 5.00% | 02/15/48 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262038 |
| **Gonzales Independent School District** | **Gonzales Independent School District** | **Gonzales Independent School District** | **Gonzales Independent School District** | **Gonzales Independent School District** |
| GO Bonds Series 2024  | 5.00% | 08/01/44 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271000 |
| **Harris County Hospital District** | **Harris County Hospital District** | **Harris County Hospital District** | **Harris County Hospital District** | **Harris County Hospital District** |
| GO Bonds Series 2025  | 5.25% | 02/15/50 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 267470 |
| Refunding RB Series 2016  | 3.25% | 02/15/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp; 173942 |
| **Lower Neches Valley Authority Industrial Development Corp.** | **Lower Neches Valley Authority Industrial Development Corp.** | **Lower Neches Valley Authority Industrial Development Corp.** | **Lower Neches Valley Authority Industrial Development Corp.** | **Lower Neches Valley Authority Industrial Development Corp.** |
| Exxon Mobil Corp. Refunding RB Series 2001A  | 2.00% | 11/01/29 *(b)(f)* | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp; 550000 |
| **Martin County Hospital District** | **Martin County Hospital District** | **Martin County Hospital District** | **Martin County Hospital District** | **Martin County Hospital District** |
| Refunding GO Bonds Series 2021  | 4.00% | 04/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp; 286123 |
| **Midland County Hospital District** | **Midland County Hospital District** | **Midland County Hospital District** | **Midland County Hospital District** | **Midland County Hospital District** |
| RB Series 2024A  | 4.00% | 05/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 247068 |
| **New Hope Cultural Education Facilities Finance Corp.** | **New Hope Cultural Education Facilities Finance Corp.** | **New Hope Cultural Education Facilities Finance Corp.** | **New Hope Cultural Education Facilities Finance Corp.** | **New Hope Cultural Education Facilities Finance Corp.** |
| Beta Foundation RB Series 2019  | 5.00% | 08/15/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 463494 |
| **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** | **Newark Higher Education Finance Corp.** |
| Hughen Center, Inc. RB Series 2024A  | 4.13% | 08/15/49 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 236982 |
| Orenda Education RB Series 2023A  | 4.25% | 08/15/58 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp; 186329 |
| **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** | **North East Texas Regional Mobility Authority** |
| Refunding RB Series 2025B  | 5.25% | 01/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264987 |
| **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** |
| Refunding RB Series 2025A  | 5.00% | 07/01/52 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264909 |
| **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** |
| GO Bonds Series 2023  | 4.00% | 02/15/53 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 230532 |
| GO Bonds Series 2024  | 4.25% | 02/15/54 *(b)(e)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 243024 |

---

*See financial notes*

**54**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** | **Tarrant County Cultural Education Facilities Finance Corp.** |
| Baylor Scott & White Health Obligated Group RB Series 2022D  | 5.00% | 11/15/51 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258258 |
| **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** | **Texas Department of Housing & Community Affairs** |
| RB Series 2026A  | 2.70% | 07/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251364 |
| **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** | **Texas Municipal Gas Acquisition & Supply Corp. III** |
| Refunding RB Series 2021  | 5.00% | 12/15/28  | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp; 290458 |
| **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** | **Texas Municipal Gas Acquisition & Supply Corp. VI** |
| RB Series 2025  | 5.00% | 01/01/36 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275800 |
| **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** |
| NTE Mobility Partners LLC RB Series 2023  | 5.50% | 12/31/58 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp; 171355 |
| **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** |
| State Revolving Fund RB Series 2025  | 5.00% | 10/15/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 278247 |
| State Revolving Fund RB Series 2025  | 4.75% | 10/15/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253688 |
| **University of Houston** | **University of Houston** | **University of Houston** | **University of Houston** | **University of Houston** |
| RB Series 2024A  | 4.00% | 02/15/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 231613 |
|  |  |  |  | &nbsp;&nbsp; **12098685** |
| **UTAH** 2.3%  | **UTAH** 2.3%  | **UTAH** 2.3%  | **UTAH** 2.3%  | **UTAH** 2.3%  |
| **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** |
| RB Series 2021A  | 5.00% | 07/01/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp; 273206 |
| RB Series 2023A  | 5.00% | 07/01/28  | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp; 448441 |
| RB Series 2023A  | 5.25% | 07/01/40 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277563 |
| RB Series 2023A  | 5.25% | 07/01/48 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp; 251328 |
| **County of Utah** | **County of Utah** | **County of Utah** | **County of Utah** | **County of Utah** |
| Intermountain Healthcare Obligated Group RB Series 2020A  | 4.00% | 05/15/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 248751 |
| **Duchesne County School District** | **Duchesne County School District** | **Duchesne County School District** | **Duchesne County School District** | **Duchesne County School District** |
| RB Series 2025  | 5.00% | 06/01/29  | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 323372 |
| **South Davis Sewer District** | **South Davis Sewer District** | **South Davis Sewer District** | **South Davis Sewer District** | **South Davis Sewer District** |
| RB Series 2025  | 5.00% | 12/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261818 |
| **Utah Housing Corp.** | **Utah Housing Corp.** | **Utah Housing Corp.** | **Utah Housing Corp.** | **Utah Housing Corp.** |
| Daybreak I Holdings LP RB Series 2025  | 2.95% | 04/01/46 *(a)(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250921 |
|  |  |  |  | &nbsp;&nbsp; **2335400** |
| **VIRGINIA** 0.5%  | **VIRGINIA** 0.5%  | **VIRGINIA** 0.5%  | **VIRGINIA** 0.5%  | **VIRGINIA** 0.5%  |
| **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** | **Fairfax County Industrial Development Authority** |
| Inova Health System Obligated Group RB Series 2024  | 4.13% | 05/15/54 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 282769 |
| **Virginia Housing Development Authority** | **Virginia Housing Development Authority** | **Virginia Housing Development Authority** | **Virginia Housing Development Authority** | **Virginia Housing Development Authority** |
| RB Series 2024F-3  | 5.05% | 07/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254756 |
|  |  |  |  | &nbsp;&nbsp; **537525** |
| **WASHINGTON** 2.9%  | **WASHINGTON** 2.9%  | **WASHINGTON** 2.9%  | **WASHINGTON** 2.9%  | **WASHINGTON** 2.9%  |
| **City of Pasco Water & Sewer Revenue** | **City of Pasco Water & Sewer Revenue** | **City of Pasco Water & Sewer Revenue** | **City of Pasco Water & Sewer Revenue** | **City of Pasco Water & Sewer Revenue** |
| Refunding RB Series 2023A  | 5.00% | 12/01/43 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271619 |
| **Port of Seattle** | **Port of Seattle** | **Port of Seattle** | **Port of Seattle** | **Port of Seattle** |
| RB Series 2018A  | 5.00% | 05/01/28 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp; 169676 |
| RB Series 2025B  | 5.00% | 10/01/32  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 285422 |
| **Port of Vancouver** | **Port of Vancouver** | **Port of Vancouver** | **Port of Vancouver** | **Port of Vancouver** |
| GO Bonds Series 2022A  | 5.00% | 12/01/33 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554996 |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**55**

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | &nbsp;&nbsp;&nbsp;&nbsp; FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** | **Skagit County Public Hospital District No. 1** |
| RB Series 2024  | 5.50% | 12/01/42 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp; 326783 |
| **State of Washington** | **State of Washington** | **State of Washington** | **State of Washington** | **State of Washington** |
| GO Bonds Series 2023B  | 5.00% | 02/01/47 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264977 |
| GO Bonds Series 2024C  | 5.00% | 02/01/34  | &nbsp;&nbsp;&nbsp;&nbsp; 445000 | &nbsp;&nbsp; 527283 |
| **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** | **Washington Health Care Facilities Authority** |
| CommonSpirit Health Obligated Group Refunding RB Series 2025A  | 5.50% | 09/01/55 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 533736 |
|  |  |  |  | &nbsp;&nbsp; **2934492** |
| **WEST VIRGINIA** 0.3%  | **WEST VIRGINIA** 0.3%  | **WEST VIRGINIA** 0.3%  | **WEST VIRGINIA** 0.3%  | **WEST VIRGINIA** 0.3%  |
| **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** | **West Virginia Hospital Finance Authority** |
| Vandalia Health, Inc. Obligated Group RB Series 2023B  | 6.00% | 09/01/53 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; **269655** |
| **WISCONSIN** 1.4%  | **WISCONSIN** 1.4%  | **WISCONSIN** 1.4%  | **WISCONSIN** 1.4%  | **WISCONSIN** 1.4%  |
| **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** |
| GO Bonds Series 2025-3  | 5.00% | 05/01/37 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp; 384007 |
| **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** |
| RB Series 2020C  | 3.85% | 12/15/38 *(b)(d)* | &nbsp;&nbsp;&nbsp;&nbsp; 395000 | &nbsp;&nbsp; 244990 |
| **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** |
| Ascension Health Credit Group Refunding RB Series 2016A  | 4.00% | 11/15/46 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp; 117560 |
| Hudson Senior Housing, Inc. RB Series 2014  | 5.25% | 12/01/49 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp; 454892 |
| **Wisconsin Housing & Economic Development Authority Home Ownership Revenue** | **Wisconsin Housing & Economic Development Authority Home Ownership Revenue** | **Wisconsin Housing & Economic Development Authority Home Ownership Revenue** | **Wisconsin Housing & Economic Development Authority Home Ownership Revenue** | **Wisconsin Housing & Economic Development Authority Home Ownership Revenue** |
| RB Series 2026A  | 4.50% | 03/01/44 *(b)* | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254936 |
|  |  |  |  | &nbsp;&nbsp; **1456385** |
| **Total Municipal Securities** <br>**(Cost $100,221,734)** | **Total Municipal Securities** <br>**(Cost $100,221,734)** | **Total Municipal Securities** <br>**(Cost $100,221,734)** | **Total Municipal Securities** <br>**(Cost $100,221,734)** | &nbsp;&nbsp; **102387202** |
| **Total Investments in Securities** <br>**(Cost $100,221,734)** | **Total Investments in Securities** <br>**(Cost $100,221,734)** | **Total Investments in Securities** <br>**(Cost $100,221,734)** | **Total Investments in Securities** <br>**(Cost $100,221,734)** | &nbsp;&nbsp; **102387202** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Zero coupon bond. When a security is purchased with a zero coupon rate the effective yield at the time of purchase is shown.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* Credit-enhanced or liquidity-enhanced.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| CDFI — | Community Development Financial Institution |
| COP — | Certificate of participation |
| GO — | General obligation |
| RB — | Revenue bond |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate <br> Demand Obligations with certain characteristics.<br>|
| VRDN — | Variable rate demand note |

---

*See financial notes*

**56**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Portfolio Holdings as of February 28, 2026 (Unaudited) (continued)

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN <br>ACTIVE MARKETS FOR <br>IDENTICAL ASSETS <br>(LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT <br>OBSERVABLE INPUTS <br>(LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT <br>UNOBSERVABLE INPUTS <br>(LEVEL 3)<br>| TOTAL |
| **<u>Assets</u>** |  |  |  |  |
| Municipal Securities<sup>1</sup> <br>| $— | &nbsp;&nbsp; $102387202 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $102387202 |
| **Total** | **$—** | &nbsp;&nbsp; **$102387202** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$102387202** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings.

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**57**

------

Schwab Opportunistic Municipal Bond Fund

Statement of Assets and Liabilities

------

As of February 28, 2026; unaudited

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated issuers (cost $100,221,734) |  | $102387202 |
| Cash |  | 8379 |
| Receivables: |  |  |
| Interest |  | 1017783 |
| Fund shares sold |  | 295869 |
| Prepaid expenses | + | 14700 |
| **Total assets** |  | **103723933** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Payables: |  |  |
| Investments bought - delayed-delivery |  | 1327230 |
| Fund shares redeemed |  | 247953 |
| Distributions to shareholders |  | 161343 |
| Investment adviser fees |  | 28906 |
| Accrued expenses | + | 37935 |
| **Total liabilities** |  | **1803367** |
| **Net assets** |  | **$101920566** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $108877059 |
| Total distributable loss | + | (6956493)<br>|
| **Net assets** |  | **$101920566** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $101920566 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11320408 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9.00 |

---

*See financial notes*

**58**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Opportunistic Municipal Bond Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited | For the period September 1, 2025 through February 28, 2026; unaudited |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| **Interest received from securities - unaffiliated issuers** |  | **$1791374** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser and administrator fees |  | 170570 |
| Portfolio accounting fees |  | 23053 |
| Professional fees |  | 15372 |
| Registration fees |  | 13778 |
| Independent trustees' fees |  | 4678 |
| Custodian fees |  | 1544 |
| Shareholder reports |  | 1334 |
| Transfer agent fees  |  | 1152 |
| Other expenses | + | 1400 |
| **Total expenses** |  | **232881** |
| Expense reduction | – | 19635 |
| **Net expenses** | – | **213246** |
| **Net investment income** |  | **1578128** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| **Net realized losses on sales of securities - unaffiliated issuers**  |  | **(176979)**<br>|
| **Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers** | + | **4389361** |
| **Net realized and unrealized gains** |  | **4212382** |
| **Increase in net assets resulting from operations** |  | **$5790510** |

---

*See financial notes*

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**59**

------

Schwab Opportunistic Municipal Bond Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

Figures for the current period are unaudited

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 |
| Net investment income |  | $1578128 | &nbsp;&nbsp;&nbsp; $2725191 <br><sup>1</sup><br>|
| Net realized losses |  | (176979)<br>| &nbsp;&nbsp;&nbsp; (727986)<br>|
| Net change in unrealized appreciation (depreciation) | + | 4389361 | &nbsp;&nbsp;&nbsp; (3500000)<br>|
| **Increase (decrease) in net assets resulting from operations** |  | **$5790510** | &nbsp;&nbsp;&nbsp; **($1502795)**<br>|
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($1580119)**<br>| &nbsp;&nbsp;&nbsp; **($2934977)** <br><sup>1</sup><br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 4602498 | &nbsp;&nbsp;&nbsp; $40818105 | &nbsp;&nbsp;&nbsp; 5673599 | &nbsp;&nbsp;&nbsp; $50192634 |
| Shares reinvested |  | 78607 | &nbsp;&nbsp;&nbsp; 698579 | &nbsp;&nbsp;&nbsp; 161918 | &nbsp;&nbsp;&nbsp; 1426780 |
| Shares redeemed | + | (1884491)<br>| &nbsp;&nbsp;&nbsp; (16689878)<br>| &nbsp;&nbsp;&nbsp; (4742462)<br>| &nbsp;&nbsp;&nbsp; (41846193)<br>|
| **Net transactions in fund shares**  |  | **2796614** | &nbsp;&nbsp;&nbsp; **$24826806** | &nbsp;&nbsp;&nbsp; **1093055** | &nbsp;&nbsp;&nbsp; **$9773221** |
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/25-2/28/26 | 9/1/24-8/31/25 | 9/1/24-8/31/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 8523794 | &nbsp;&nbsp;&nbsp; $72883369 | &nbsp;&nbsp;&nbsp; 7430739 | &nbsp;&nbsp;&nbsp; $67547920 |
| Total increase | + | 2796614 | &nbsp;&nbsp;&nbsp; 29037197 | &nbsp;&nbsp;&nbsp; 1093055 | &nbsp;&nbsp;&nbsp; 5335449 |
| **End of period** |  | **11320408** | &nbsp;&nbsp;&nbsp; **$101920566** | &nbsp;&nbsp;&nbsp; **8523794** | &nbsp;&nbsp;&nbsp; **$72883369** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> Includes a payment of past due interest income received from defaulted securities.

*See financial notes*

**60**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Municipal Bond Funds

Financial Notes, unaudited

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Business Structure of the Funds:**

Each of the funds in this report is a series of Schwab Investments (the trust), a no-load, open-end management investment company. The trust is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the 1940 Act). The list below shows all the operational funds in the trust as of the end of the period, including the funds discussed in this report, which are highlighted:

---

| | |
|:---|:---|
| **SCHWAB INVESTMENTS**  | **SCHWAB INVESTMENTS**  |
| **Schwab Tax-Free Bond Fund** | Schwab U.S. Aggregate Bond Index Fund |
| **Schwab California Tax-Free Bond Fund** | Schwab Short-Term Bond Index Fund |
| **Schwab Opportunistic Municipal Bond Fund** | Schwab 1000 Index<sup>®</sup> Fund |
| Schwab Treasury Inflation Protected Securities Index Fund | Schwab Global Real Estate Fund |

---

Each fund offers one share class. Shares are bought and sold at closing net asset value per share, which is the price for all outstanding shares of a fund. Each share has a par value of 1/1,000 of a cent, and the funds' Board of Trustees may authorize the issuance of as many shares as necessary.

Each fund maintains its own account for purposes of holding assets and accounting, and is considered a separate entity for tax purposes. Within its account, each fund may also keep certain assets in segregated accounts, as required by securities law. The "Schwab Funds Complex" includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust.

**Investment Objectives** 

The **Schwab Tax-Free Bond Fund** seeks high current income that is exempt from federal income tax, consistent with capital preservation. The fund normally invests at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal securities the interest from which is exempt from federal income tax, including the federal alternative minimum tax.

The **Schwab California Tax-Free Bond Fund** seeks high current income exempt from federal and California personal income tax that is consistent with capital preservation. The fund normally invests at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal securities the interest from which is exempt from federal and California personal income tax and federal alternative minimum tax.

The **Schwab Opportunistic Municipal Bond Fund** seeks to generate interest income that is not subject to federal income tax. Under normal market conditions, the fund invests at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in municipal securities that pay interest not subject to regular federal income tax.

------

**2. Significant Accounting Policies:**

The following is a summary of the significant accounting policies the funds use in their preparation of financial statements. The funds follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).

**(a) Security Valuation:**

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Trustees has designated authority to a Valuation Designee, the funds' investment adviser, to make fair valuation determinations under adopted procedures, subject to Board of Trustees oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in each fund's portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Bonds and notes:** Fixed income investments are generally valued using an evaluated price at the mid-point of the bid/ask spread provided by an approved, independent pricing service (mid-price). To determine the evaluated mid-price, a pricing service may use a variety of techniques and inputs. Techniques may include, but are not limited to, spread models that

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**61**

------

Schwab Municipal Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

calculate an investment-specific price relative to a benchmark or yield curve models that establish a price based on yields of comparable bonds along a range of maturities. Inputs differ by valuation approach and techniques, as appropriate, and examples of inputs may include, but are not limited to, interest rates, market conditions, comparable bonds, market trades, projected cash flows, credit reviews and issuer news.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Short-term securities (60 days or less to maturity):** Securities with remaining maturities of 60 days or less are generally valued at an evaluated price; however, such securities may be valued at their amortized cost if it approximates the security's fair value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value a fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security.

In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the funds disclose the fair value of their investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 1 — quoted prices in active markets for identical investments — Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds and futures contracts. Mutual funds and exchange-traded funds are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2, or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund's results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The levels associated with valuing the funds' investments are disclosed in each fund's Portfolio Holdings.

**62**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

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Schwab Municipal Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

**(b) Accounting Policies for certain Portfolio Investments (if held):**

**Delayed-Delivery Transactions and When-Issued Securities:** The funds may transact in securities on a delayed-delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The securities purchased on a delayed-delivery or when-issued basis are identified as such in each fund's Portfolio Holdings, if any. The funds may receive compensation for interest forgone in the purchase of a delayed-delivery or when-issued security. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors. The funds comply with Rule 18f-4 under the 1940 Act, the funds operate as limited derivatives users, with respect to purchase commitments held within the funds, portfolio securities are no longer required to be segregated as collateral with a value at least equal to the amount of a purchase commitment and the funds' exposure is monitored under a derivatives risk management program.

**Variable Rate Demand Note:** A Variable Rate Demand Note (VRDN) is an asset class in the short-term municipal bond market with a variable (or floating) interest rate which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are daily and weekly, but could be monthly. The put feature entitles the holder to the right to demand repayment in full or to resell at a specific price and/or time, shortening the legal maturity of the VRDN. These put features are daily and weekly, but could be monthly, making these liquid and short-term investments. While the demand feature is intended to reduce credit risks, it is not always unconditional and may be subject to termination if the issuer's credit rating falls below investment grade or if the issuer fails to make payments on other debt. While most variable-rate demand securities allow a fund to exercise its demand rights at any time, some such securities may only allow a fund to exercise its demand rights at certain times, which reduces the liquidity usually associated with this type of security. Each fund could suffer losses in the event that the demand feature provider, usually a bank, fails to meet its obligation to pay the demand.

**(c) Security Transactions:** 

Security transactions are recorded as of the date the order to buy or sell the security is executed. Realized gains and losses from security transactions are based on the identified costs of the securities involved.

**(d) Investment Income:**

Interest income is recorded as it accrues. If a fund buys a debt security at a discount (less than face value) or a premium (more than face value), it amortizes premiums and accretes discounts from the purchase settlement date up to maturity. The fund then increases (in the case of discounts) or reduces (in the case of premiums) the income it records from the security. Certain securities may be callable (meaning that the issuer has the option to pay it off before its maturity date). The fund amortizes the premium and accretes the discount on each callable security to the security's maturity date, except when the purchase price is higher than the call price at the security's call date (in which case the premium is amortized to the call date). Debt securities may be placed on non-accrual status and set to accrue at a rate of interest less than the contractual coupon or have the interest receivable written off when the collection of all or a portion of interest has become doubtful.

The Schwab Opportunistic Municipal Bond Fund held Southcentral Minnesota Multi-County Housing and Redevelopment Authority (Southcentral) bonds which were received in-kind by the Wasmer Schroeder High Yield Municipal Fund (predecessor fund) in 2014 when the predecessor fund commenced investment operations. The Southcentral bonds were purchased as distressed debt instruments in default (as the bonds were not making full payments of interest and principal when due at the time of purchase) prior to the transfer in-kind to the predecessor fund. During the period ended August 31, 2023, the underlying properties that represented collateral for the Southcentral bonds were sold; the proceeds from the sale of collateral were collected by the bond trustee which resulted in a substantial distribution payment to bondholders. During the period ended August 31, 2025, a final residual distribution payment was made to bond holders which consisted of county tax levy deficit payments collected less trust operating, administration, and legal expenses in liquidating the trust. The total residual distribution payment made to the fund was $841,310 of which the fund distributed to shareholders on a tax basis an amount of $307,864 which represented $0.04 per share on record date.

**(e) Expenses:**

Expenses that are specific to a fund are charged directly to the fund. Expenses that are common to more than one fund in the Schwab Funds Complex generally are allocated among those funds in proportion to their average daily net assets.

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**63**

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Schwab Municipal Bond Funds

Financial Notes, unaudited (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2. Significant Accounting Policies (continued):** 

**(f) Distributions to Shareholders:**

The funds, except the Schwab Opportunistic Municipal Bond Fund, declare distributions from net investment income, if any, every day they are open for business. These distributions, which are substantially equal to a fund's net investment income for that day, are paid out to shareholders once a month. The Schwab Opportunistic Municipal Bond Fund declares and pays distributions from net investment income, if any, on the last business day of every month. The funds make distributions from net realized capital gains, if any, once a year. To receive a distribution, you must be a registered shareholder on the record date. Distributions are paid to shareholders on the payable date.

**(g) Accounting Estimates:**

The accounting policies described in this report conform to GAAP. Notwithstanding this, shareholders should understand that in order to follow these principles, fund management has to make estimates and assumptions that affect the information reported in the financial statements. It's possible that once the results are known, they may turn out to be different from these estimates and these differences may be material.

**(h) Federal Income Taxes:**

The funds intend to meet federal income and excise tax requirements for regulated investment companies under subchapter M of the Internal Revenue Code, as amended. Accordingly, the funds distribute substantially all of their net investment income and net realized capital gains, if any, to their shareholders each year. As long as a fund meets the tax requirements, it is not required to pay federal income tax. The funds did not pay any federal taxes during the period.

**(i) Segment Reporting:**

An operating segment is defined in ASC Topic 280 Segment Reporting as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available.

The management committee of each fund's investment adviser acts as the funds' CODM. The CODM has determined that each fund operates as a single operating segment given each fund has a single defined investment strategy disclosed in its respective prospectus. The discrete financial information in the form of each fund's portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, shares sold and shares redeemed), which is used by the CODM to assess performance against the prospectus and to make resource allocation decisions with respect to the funds, is presented within each fund's financial statements.

**(j) Indemnification:**

Under the funds' organizational documents, the officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business the funds enter into contracts with their vendors and others that provide general indemnifications. The funds' maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the funds. However, based on experience, the funds expect the risk of loss attributable to these arrangements to be remote.

------

**3. Credit and Liquidity Enhancements:**

A portion of the funds' investments are in securities with credit enhancements and/or liquidity enhancements from financial institutions or corporations. These enhancements are employed by the issuers of the securities to reduce credit risk and/or provide liquidity to the purchaser. At February 28, 2026, the Schwab Tax-Free Bond Fund, Schwab California Tax-Free Bond Fund and Schwab Opportunistic Municipal Bond Fund held less than 10% of total assets in securities with credit and/or liquidity enhancements.

**64**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Schwab Municipal Bond Funds

Financial Notes, unaudited (continued)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**4. Affiliates and Affiliated Transactions:**

**Investment Adviser**

Charles Schwab Investment Management, Inc., dba Schwab Asset Management, a wholly owned subsidiary of The Charles Schwab Corporation, serves as each fund's investment adviser and administrator pursuant to the Amended and Restated Investment Advisory and Administration Agreement between the investment adviser and the trust.

For its advisory and administrative services to the funds, the investment adviser is entitled to receive an annual fee, payable monthly, based on a percentage of each fund's average daily net assets as follows:

---

| | | |
|:---|:---|:---|
| SCHWAB<br> TAX-FREE<br> BOND FUND<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCHWAB<br> CALIFORNIA TAX-FREE<br> BOND FUND<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCHWAB<br> OPPORTUNISTIC MUNICIPAL<br> BOND FUND<br>|
| 0.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40<br> %<br>|

---

**Shareholder Servicing**

The Board of Trustees has adopted a Shareholder Servicing Plan (the Plan) on behalf of the funds, except the Schwab Opportunistic Municipal Bond Fund. The Plan enables each fund to bear expenses relating to the provision by financial intermediaries, including Charles Schwab & Co., Inc. (Schwab), a broker-dealer affiliate of the investment adviser, (together, service providers), of certain account maintenance, customer liaison and shareholder services to the current shareholders of the funds.

Pursuant to the Plan, each fund's shares, except the Schwab Opportunistic Municipal Bond Fund, are subject to an annual shareholder servicing fee up to 0.15%. The shareholder servicing fee paid to a particular service provider is made pursuant to its written agreement with Schwab, as distributor of the funds (or, in the case of payments made to Schwab acting as a service provider, pursuant to Schwab's written agreement with the funds). Payments under the Plan are made as described above without regard to whether the fee is more or less than the service provider's actual cost of providing the services, and if more, such excess may be retained as profit by the service provider.

**Expense Limitation**

The investment adviser and its affiliates have agreed with the trust, for so long as the investment adviser serves as the investment adviser to the funds, in which the agreement may only be amended or terminated with the approval of the Board of Trustees, to limit the total annual fund operating expenses charged, excluding interest, taxes and certain non-routine expenses, as follows:

---

| | | |
|:---|:---|:---|
| SCHWAB<br> TAX-FREE<br> BOND FUND<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCHWAB<br> CALIFORNIA TAX-FREE<br> BOND FUND<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCHWAB<br> OPPORTUNISTIC MUNICIPAL<br> BOND FUND<br>|
| 0.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>|

---

**Interfund Transactions**

The funds may engage in direct transactions with other funds in the Schwab Funds Complex in accordance with procedures adopted by the Board of Trustees pursuant to Rule 17a-7 under the 1940 Act. When one fund is seeking to sell a security that another fund is seeking to buy, an interfund transaction can allow both funds to benefit by reducing transaction costs while allowing each fund to execute the transaction at the current market price. This practice is limited to funds that share the same investment adviser. For the period ended February 28, 2026, the funds did not have any purchases and sales of securities with other funds managed by the investment adviser.

**Interfund Borrowing and Lending**

Pursuant to an exemptive order issued by the SEC, the funds may enter into interfund borrowing and lending transactions with other funds in the Schwab Funds Complex. All loans are for temporary or emergency purposes and the interest rate to be charged will be the average of the overnight repurchase agreement rate and the short-term bank loan rate. All loans are subject to numerous conditions designed to ensure fair and equitable treatment of all participating funds. The interfund lending facility is subject to the oversight and periodic review by the Board of Trustees. The funds had no interfund borrowing or lending activity during the period.

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**65**

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Schwab Municipal Bond Funds

Financial Notes, unaudited (continued)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**5. Board of Trustees:**

The Board of Trustees may include people who are officers and/or directors of the investment adviser or its affiliates. Federal securities law limits the percentage of such "interested persons" who may serve on a trust's board, and the trust was in compliance with these limitations throughout the report period. The funds did not pay any of these interested persons for their services as trustees, but did pay non-interested persons (independent trustees), as noted in each fund's Statement of Operations.

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**6. Borrowing from Banks:**

During the period, the funds were participants with other funds in the Schwab Funds Complex in a joint, syndicated, committed $1.2 billion line of credit (the Syndicated Credit Facility), which matured on September 25, 2025. On September 25, 2025, the Syndicated Credit Facility was amended to run for a new 28 day period with the line of credit amount remaining unchanged, maturing on October 23, 2025. On October 23, 2025, the Syndicated Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on October 22, 2026. Under the terms of the Syndicated Credit Facility, in addition to the interest charged on any borrowings by a fund, each fund paid a commitment fee of 0.15% per annum on the funds' proportionate share of the unused portion of the Syndicated Credit Facility.

During the period, the funds were participants with other funds in the Schwab Funds Complex in a joint, unsecured, uncommitted $400 million line of credit (the Uncommitted Credit Facility) with State Street Bank and Trust Company, which matured on September 25, 2025. On September 25, 2025, the Uncommitted Credit Facility was amended to run for a new 28 day period with the line of credit amount remaining unchanged, maturing on October 23, 2025. On October 23, 2025, the Uncommitted Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on October 22, 2026. Under the terms of the Uncommitted Credit Facility, each fund pays interest on the amount a fund borrows. There were no borrowings by any of the funds from either line of credit during the period.

The funds also have access to custodian overdraft facilities. A fund may have utilized the overdraft facility and incurred an interest expense, which is disclosed in each fund's Statement of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.

------

**7. Purchases and Sales/Maturities of Investment Securities:**

For the period ended February 28, 2026, purchases and sales/maturities of securities (excluding short-term obligations) were as follows:

---

| | | |
|:---|:---|:---|
|  | PURCHASES <br>OF SECURITIES <br>| SALES/MATURITIES <br>OF SECURITIES<br>|
| Schwab Tax-Free Bond Fund | $148701174 | &nbsp;&nbsp; $87034005 |
| Schwab California Tax-Free Bond Fund | 167928954 | &nbsp;&nbsp; 76646262 |
| Schwab Opportunistic Municipal Bond Fund | 33802465 | &nbsp;&nbsp; 10595554 |

---

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**8. Federal Income Taxes:**

As of February 28, 2026, the tax basis cost of the funds' investments and gross unrealized appreciation and depreciation were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TAX COST | GROSS UNREALIZED <br>APPRECIATION<br>| GROSS UNREALIZED <br>DEPRECIATION<br>| NET UNREALIZED <br>APPRECIATION <br>(DEPRECIATION)<br>|
| Schwab Tax-Free Bond Fund | $602584043 | &nbsp;&nbsp; $19385038 | &nbsp;&nbsp; ($650607)<br>| &nbsp;&nbsp; $18734431 |
| Schwab California Tax-Free Bond Fund | 583329243 | &nbsp;&nbsp; 16185679 | &nbsp;&nbsp; (720848)<br>| &nbsp;&nbsp; 15464831 |
| Schwab Opportunistic Municipal Bond Fund | 100221734 | &nbsp;&nbsp; 2493379 | &nbsp;&nbsp; (327911)<br>| &nbsp;&nbsp; 2165468 |

---

The primary difference between book basis and tax basis unrealized appreciation or unrealized depreciation of investments is the tax deferral of losses on wash sales. The tax cost of the funds' investments, disclosed above, have been adjusted from their book amounts to reflect these unrealized appreciation or depreciation differences, as applicable.

**66**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

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Schwab Municipal Bond Funds

Financial Notes, unaudited (continued)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**8. Federal Income Taxes (continued):** 

Capital loss carryforwards have no expiration and may be used to offset future realized capital gains for federal income tax purposes. As of August 31, 2025, the funds had capital loss carryforwards available as follows:

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| | |
|:---|:---|
| Schwab Tax-Free Bond Fund | $41076057 |
| Schwab California Tax-Free Bond Fund | 24916411 |
| Schwab Opportunistic Municipal Bond Fund | 8517074 |

---

The Schwab Opportunistic Municipal Bond Fund had a shareholder ownership change during the period ended August 31, 2023, which limits the availability of capital loss carryforwards to offset potential future capital gains. In addition to the available capital loss carryforward disclosed above for the Schwab Opportunistic Municipal Bond Fund, there are additional capital loss carryforwards as of the ownership change date in the amount of $529,500.

The tax basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of February 28, 2026. The tax basis components of distributions paid during the fiscal year ended August 31, 2025, were as follows:

---

| | | |
|:---|:---|:---|
|  | PRIOR FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS |
|  | TAX-EXEMPT <br>INCOME <br>| ORDINARY <br>INCOME <br>|
| Schwab Tax-Free Bond Fund | $20045944 | &nbsp;&nbsp; $— |
| Schwab California Tax-Free Bond Fund | 14557296 | &nbsp;&nbsp; 1725 |
| Schwab Opportunistic Municipal Bond Fund | 2903886 | &nbsp;&nbsp; 31091 |

---

Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts in the financial statements. The funds may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

As of August 31, 2025, management has reviewed the tax positions for open periods (for federal purposes, three years from the date of filing and for state purposes, four years from the date of filing) as applicable to the funds, and has determined that no provision for income tax is required in the funds' financial statements. During the fiscal year ended August 31, 2025, the funds did not incur any interest or penalties.

------

**9. Subsequent Events:**

Management has determined there are no subsequent events or transactions through the date the financial statements were issued that would have materially impacted the financial statements as presented.

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**67**

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Changes in and Disagreements with Accountants for Open-End Management Investment Companies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Not applicable.

**68**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Proxy Disclosures for Open-End Management Investment Companies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Not applicable.

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**69**

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Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The remuneration paid to directors, officers and others are included under Item 7 (Financial Statements and Financial Highlights for Open-End Management Investment Companies).

**70**Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

------

Statement Regarding Basis for Approval of Investment Advisory Contract

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Not applicable.

Schwab Municipal Bond Funds \| Semiannual Holdings and Financial Statements

**71**

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![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g892432imgd8d012961.jpg)

MFR13481-29

00323326

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#### Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
The changes in and disagreements with accountants for open-end management investment companies are included under Item 7 of this Form.

#### Item 9: Proxy Disclosures for Open-End Management Investment Companies.
The proxy disclosures for open-end management investment companies are included under Item 7 of this Form.

#### Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The remuneration paid to directors, officers and others are included under Item 7 of this Form.

#### Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract.
The statement regarding basis for approval of investment advisory contract is included under Item 7 of this Form.

#### Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.

#### Item 13: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.

------

#### Item 14: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.

#### Item 15: Submission of Matters to a Vote of Security Holders.
Not applicable.

#### Item 16: Controls and Procedures.
(a) Based on their evaluation of Registrant's disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant's Principal Executive Officer, Omar Aguilar and Registrant's Principal Financial Officer, Dana Smith, have concluded that Registrant's disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant's officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above.

(b) During the period covered by this report, there have been no changes in Registrant's internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant's internal control over financial reporting.

#### Item 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.

#### Item 18: Recovery of Erroneously Awarded Compensation.
(a) Not applicable.

(b) Not applicable.

#### Item 19: Exhibits.
(a) (1) Code of ethics – not applicable to this semi-annual report.

(2) Not applicable.

(3) [Separate certifications for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (the "1940 Act"), are attached.](d33141dex99cert.htm)

(b) [A certification for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSRS with the Commission.](d33141dex99906cert.htm)

------

Pursuant to the requirements of the Securities Exchange Act of 1934 and the 1940 Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) <u>Schwab Investments – Schwab Taxable Bond Funds and Schwab Municipal Bond Funds</u>

---

| | |
|:---|:---|
| By: | /s/ Omar Aguilar |
|  | Omar Aguilar<br> Principal Executive Officer (Chief Executive Officer) |
| Date: | April 16, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the 1940 Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Omar Aguilar |
|  | Omar Aguilar<br> Principal Executive Officer (Chief Executive Officer) |
| Date: | April 16, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Dana Smith |
|  | Dana Smith<br> Principal Financial Officer (Chief Financial Officer) |
| Date: | April 16, 2026 |

---

## Ex-99.Cert

**<u>CERTIFICATIONS</u>**

I, Omar Aguilar, certify that:

1. I have reviewed this report on Form N-CSRS for the following series of Schwab Investments: Schwab Treasury Inflation Protected Securities Index Fund, Schwab U.S. Aggregate Bond Index Fund, Schwab Short-Term Bond Index Fund, Schwab Tax-Free Bond Fund, Schwab California Tax-Free Bond Fund and Schwab Opportunistic Municipal Bond Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosures and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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| | | |
|:---|:---|:---|
| Date: | April 16, 2026 | /s/ Omar Aguilar |
|  |  | Omar Aguilar<br> Principal Executive Officer (Chief Executive Officer) |

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------

**<u>CERTIFICATIONS</u>**

I, Dana Smith, certify that:

1. I have reviewed this report on Form N-CSRS for the following series of Schwab Investments: Schwab Treasury Inflation Protected Securities Index Fund, Schwab U.S. Aggregate Bond Index Fund, Schwab Short-Term Bond Index Fund, Schwab Tax-Free Bond Fund, Schwab California Tax-Free Bond Fund and Schwab Opportunistic Municipal Bond Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosures and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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| | | |
|:---|:---|:---|
| Date: | April 16, 2026 | /s/ Dana Smith |
|  |  | Dana Smith<br> Principal Financial Officer (Chief Financial Officer) |

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## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES**-**OXLEY ACT OF 2002

In connection with the Semiannual Report for the following series of Schwab Investments: Schwab Treasury Inflation Protected Securities Index Fund, Schwab U.S. Aggregate Bond Index Fund, Schwab Short-Term Bond Index Fund, Schwab Tax-Free Bond Fund, Schwab California Tax-Free Bond Fund and Schwab Opportunistic Municipal Bond Fund (the "Funds") on Form N-CSRS for the period ended February 28, 2026 ("periodic report"), each of the undersigned, being the Principal Executive Officer and Principal Financial Officer, respectively, hereby certifies, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes**-**Oxley Act of 2002, that to the best of my knowledge:

(1) The periodic report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the periodic report fairly presents, in all material respects, the financial condition and results of operations of the Funds for the period presented therein.

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| | | |
|:---|:---|:---|
| /s/ Omar Aguilar | Date: | April 16, 2026 |
| Omar Aguilar |  |  |
| Principal Executive Officer (Chief Executive Officer) |  |  |

---

---

| | | |
|:---|:---|:---|
| /s/ Dana Smith | Date: | April 16, 2026 |
| Dana Smith |  |  |
| Principal Financial Officer (Chief Financial Officer) |  |  |

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This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSRS with the Commission.