# EDGAR Filing Document

**Accession Number:** 0000869365
**File Stem:** 0001193125-23-000577
**Filing Date:** 2023-1
**Character Count:** 1446190
**Document Hash:** 23ec8a499a1d2d9e0facca46c4bf4086
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-000577.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0001193125-23-000577

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**EFFECTIVENESS DATE**: 20230103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB INVESTMENTS
- **CENTRAL INDEX KEY:** 0000869365
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06200
- **FILM NUMBER:** 23501439

**BUSINESS ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 1-415-667-7000

**MAIL ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

## Series and Classes Contracts Data

### Schwab 1000 Index Fund (Series ID: S000006807)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000018433 | Schwab 1000 Index Fund | SNXFX           |

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM N-CSR** 

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**CERTIFIED SHAREHOLDER REPORT OF REGISTERED** 

**MANAGEMENT INVESTMENT COMPANIES** 

**Investment Company Act file number: 811-06200** 

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## Schwab Investments – Schwab 1000 Index Fund
**(Exact name of registrant as specified in charter)** 

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**211 Main Street,** 

**San Francisco, California 94105** 

**(Address of principal executive offices) (Zip code)** 

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**Jonathan de St. Paer** 

**Schwab Investments – Schwab 1000 Index Fund** 

**211 Main Street, San Francisco, California 94105** 

**(Name and address of agent for service)** 

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**Registrant's telephone number, including area code: (415) 636-7000** 

**Date of fiscal year end: October 31** 

**Date of reporting period: October 31, 2022** 

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| | |
|:---|:---|
| **Item 1:** | **Report(s) to Shareholders.**  |

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![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g20940img8782707c1.jpg)

#### Annual Report \| October 31, 2022

## Schwab Equity Index Funds<sup>®</sup>

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Schwab S& P 500 Index Fund

Schwab 1000 Index<sup>®</sup> Fund

Schwab Small-Cap Index Fund<sup>®</sup>

Schwab Total Stock Market Index Fund<sup>®</sup>

Schwab U.S. Large-Cap Growth<br> Index Fund

Schwab U.S. Large-Cap Value<br> Index Fund

Schwab U.S. Mid-Cap Index Fund

Schwab International Index Fund<sup>®</sup>

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#### This page is intentionally left blank.

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Eight cost-efficient ways to tap into the power of the stock market for long-term growth potential.

In This Report

---

| | |
|:---|:---|
| [Performance at a Glance](#xx_0cfbd3a1-22a1-45cd-8dbb-206aa186f2b5_1) | 2 |
| [From the President](#xx_dadc55f9-babd-44d2-bf7f-479b6dca9048_1) | 3 |
| [The Investment Environment](#xx_f857afd5-8e97-41e8-9244-1a06d87630b4_1) | 4 |
| [Fund Management](#xx_b852a0ae-6ef5-458f-9e3e-17d8ff6c0655_1) | 6 |
| [Performance and Fund Facts](#xx_6f47035d-48f9-4373-8df6-db0ed716d1bd_1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab S&P 500 Index Fund](#xx_6f47035d-48f9-4373-8df6-db0ed716d1bd_1) | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab 1000 Index Fund](#xx_713f1750-8608-4656-8884-f7f34bcce8a0_1) | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab Small-Cap Index Fund](#xx_714c71f2-4997-433c-8ba9-b187677b5056_1) | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab Total Stock Market Index Fund](#xx_2163c3ca-d0e6-4d27-b8e4-e8889637270d_1) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab U.S. Large-Cap Growth Index Fund](#xx_45bdd4d2-ced2-4137-9f62-95e5b48f7113_1) | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab U.S. Large-Cap Value Index Fund](#xx_e2f875a0-26dd-4c14-85d5-708535789733_1) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab U.S. Mid-Cap Index Fund](#xx_5a0f2386-20cf-42a3-ba76-015f58416e15_1) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab International Index Fund](#xx_9f3ea6a2-d357-4a6d-b90f-aa59e3bffb2d_1) | 28 |
| [Fund Expenses](#xx_fea2ef39-7f38-4771-993d-4949fd0ea7a7_1) | 31 |
| [Financial Statements and Portfolio Holdings](#xx_9087a00f-ae5a-4492-ae7b-11961c44dfb6_1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab S&P 500 Index Fund](#xx_9087a00f-ae5a-4492-ae7b-11961c44dfb6_1) | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab 1000 Index Fund](#xx_8bc50529-db31-4e6b-9118-f79f4bc79f22_1) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab Small-Cap Index Fund](#xx_1f48e85d-04e1-467a-a69a-2a9c187a7049_1) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab Total Stock Market Index Fund](#xx_306d9e7b-f06e-4e77-9686-cee4fb9cac5a_1) | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab U.S. Large-Cap Growth Index Fund](#xx_5ae9ba8b-23a2-426c-959e-8ef813bd0f63_1) | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab U.S. Large-Cap Value Index Fund](#xx_5bcc6884-8a46-4bf2-8b80-df1fe93cb2fa_1) | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab U.S. Mid-Cap Index Fund](#xx_dc8351c6-55a4-4512-a54c-fb1329596050_1) | 133 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Schwab International Index Fund](#xx_6185e41e-a2f2-41b8-8584-de5f6e082555_1) | 145 |
| [Financial Notes](#xx_d54bacd2-e86c-49c9-81f6-1ee5391a9e5d_1) | 157 |
| [Report of Independent Registered Public Accounting Firm](#xx_2898c3f2-487a-4f52-98d9-785695db39b7_1) | 169 |
| [Other Federal Tax Information](#xx_676e3fed-5519-48e8-8a56-9fa219f8aa6d_1) | 170 |
| [Shareholder Vote Results](#xx_e16c6d5d-fe18-425f-92bf-ed12432a5487_1) | 171 |
| [Liquidity Risk Management Program](#xx_7c423896-a480-43e2-aba3-7ebdd5d286aa_1) | 172 |
| [Investment Advisory Agreement Approval](#xx_ff25fdb4-f533-433b-8aab-b7521f097890_1) | 173 |
| [Trustees and Officers](#xx_ac1f502f-eeed-4cf1-ade4-1a4632b23f23_1) | 176 |
| [Glossary](#xx_2311c58a-59f4-467f-8edb-f8fa27cbdc35_1) | 180 |

---

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

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

The Sector/Industry classifications in this report use the Global Industry Classification Standard (GICS) which was developed by and is the exclusive property of MSCI Inc. (MSCI) and Standard & Poor's (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Schwab. The Industry classifications used in the Portfolio Holdings are sub-categories of Sector classifications.

<sub>1</sub>

Schwab Equity Index Funds \| Annual Report

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Equity Index Funds

## Performance at a Glance

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**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/schwabfunds_prospectus.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

---

| | |
|:---|:---|
| **Total Return for the 12 Months Ended October 31, 2022** | **Total Return for the 12 Months Ended October 31, 2022** |
| **Schwab S&P 500 Index Fund<br> (Ticker Symbol: SWPPX)** | -14.63% |
| S&P 500<sup>®</sup> Index | -14.61% |
| Fund Category: Morningstar Large Blend<sup>1</sup> | -14.48% |
| *Performance Details* | *pages 7-9* |
| **Schwab 1000 Index Fund<br> (Ticker Symbol: SNXFX)** | -16.73% |
| Schwab 1000 Index<sup>®</sup> | -16.69% |
| Russell 1000<sup>®</sup> Index | -16.38% |
| Fund Category: Morningstar Large Blend<sup>1</sup> | -14.48% |
| *Performance Details* | *pages 10-12* |
| **Schwab Small-Cap Index Fund<br> (Ticker Symbol: SWSSX)** | -18.53% |
| Russell 2000<sup>®</sup> Index | -18.54% |
| Fund Category: Morningstar Small Blend<sup>1</sup> | -13.55% |
| *Performance Details* | *pages 13-15* |
| **Schwab Total Stock Market Index Fund<br> (Ticker Symbol: SWTSX)** | -16.94% |
| Dow Jones U.S. Total Stock Market Index<sup>SM</sup> | -16.94% |
| Fund Category: Morningstar Large Blend<sup>1</sup> | -14.48% |
| *Performance Details* | *pages 16-18* |

---

---

| | |
|:---|:---|
| **Total Return for the 12 Months Ended October 31, 2022** | **Total Return for the 12 Months Ended October 31, 2022** |
| **Schwab U.S. Large-Cap Growth Index Fund<br> (Ticker Symbol: SWLGX)** | -24.63% |
| Russell 1000<sup>®</sup> Growth Index | -24.60% |
| Fund Category: Morningstar Large Growth<sup>1</sup> | -28.11% |
| *Performance Details* | *pages 19-21* |
| **Schwab U.S. Large-Cap Value Index Fund<br> (Ticker Symbol: SWLVX)** | &nbsp;&nbsp;&nbsp;-7.04% |
| Russell 1000<sup>®</sup> Value Index | &nbsp;&nbsp;&nbsp;-7.00% |
| Fund Category: Morningstar Large Value<sup>1</sup> | &nbsp;&nbsp;&nbsp;-4.53% |
| *Performance Details* | *pages 22-24* |
| **Schwab U.S. Mid-Cap Index Fund<br> (Ticker Symbol: SWMCX)** | -17.15% |
| Russell Midcap<sup>®</sup> Index | -17.17% |
| Fund Category: Morningstar Mid-Cap Blend<sup>1</sup> | -12.33% |
| *Performance Details* | *pages 25-27* |
| **Schwab International Index Fund<sup>2</sup><br> (Ticker Symbol: SWISX)** | -23.12% |
| MSCI EAFE<sup>®</sup> Index (Net)<sup>3</sup> | -23.00% |
| Fund Category: Morningstar Foreign Large Blend<sup>1</sup> | -24.04% |
| *Performance Details* | *pages 28-30* |

---

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 the Glossary.

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

<sup>1</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>2</sup> The fund's performance relative to the index may be affected by fair-value pricing and timing differences in foreign exchange calculations. See financial note 2 for more information.

<sup>3</sup> The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

<sub>2</sub>

Schwab Equity Index Funds \| Annual Report

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Equity Index Funds

## From the President<br>

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![](g20940img67d0cc1e2.jpg)

#### Jonathan de St. Paer<br> President of Schwab Asset<br> Management and the funds<br> covered in this report.
Dear Shareholder,

Geopolitical, economic, and market challenges abounded during the 12-month reporting period ended October 31, 2022. Although the period started off strong, with markets reaching new highs in the final months of 2021, the subsequent 10 months were beset by rapidly rising inflation, sharply climbing interest rates, steeply declining stock prices, and the onset of a war in Europe as Russia invaded Ukraine. Economic growth in the United States and most of the world slowed. By the end of the period, the S&P 500<sup>®</sup> Index, a bellwether for the overall U.S. stock market, lost nearly 20% of its value from its early-January 2022 peak and returned -14.6% for the reporting period. The MSCI EAFE<sup>®</sup> Index (Net)\*, a broad measure of developed international equity performance, declined by more than 25% between early-January 2022 highs and the end of the reporting period and returned -23.0% for the reporting period.

At Schwab Asset Management, we recognize that today's turbulent investment environment may be unsettling for many investors. Market declines and volatility can rattle confidence even in well-established investment plans and can cause investors to impulsively react to market movements. At such times, it is helpful to remember that, even in the face of market turmoil and volatility, most investors are best served by maintaining a diversified portfolio that reflects their risk tolerance and long-term goals.

The Schwab Equity Index Funds are designed to be low-cost building blocks for diversified portfolios. They provide access to broad segments of the equities markets with different risk and return profiles, including small-cap, mid-cap, and large-cap stocks, those oriented toward value or growth, and equities from both U.S. and international markets. In addition, the funds have among the lowest expenses in the industry, along with no investment minimums, which can help investors achieve their financial goals by keeping investing costs down.

Thank you for investing with Schwab Asset Management, and for trusting us to help you achieve your financial goals. For more information about the Schwab Equity Index Funds, please continue reading this report. In addition, you can find further details about these funds by visiting our website at www.schwabassetmanagement.com. We are also happy to hear from you at 1-877-824-5615.

Sincerely,

![](g20940img81f878813.jpg)

" *The Schwab Equity Index Funds are designed to be low-cost building blocks for diversified portfolios.*"

Past performance is no guarantee of future results.

Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.

Management views may have changed since the report date.

Schwab Asset Management is the dba name for Charles Schwab Investment Management, Inc., the investment adviser for Schwab Funds and Schwab ETFs.

\* The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Equity Index Funds

## The Investment Environment

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For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. The U.S. dollar continued to exhibit strength against a basket of foreign currencies, ending the reporting period significantly stronger and generally reducing the returns of overseas investments in U.S. dollar terms. For the reporting period, the S&P 500<sup>®</sup> Index, a bellwether for the overall U.S. stock market, returned -14.61%. U.S. small-cap stocks underperformed U.S. large-cap stocks, with the Russell 2000<sup>®</sup> Index and the Russell 1000<sup>®</sup> Index returning -18.54% and -16.38%, respectively. Among U.S. large-cap stocks, growth stocks significantly underperformed value stocks, with the Russell 1000<sup>®</sup> Growth Index and Russell 1000<sup>®</sup> Value Index returning -24.60% and -7.00%, respectively. Among U.S. industry sectors, only energy generated strong positive returns, driven by soaring oil and gas prices. Traditionally defensive sectors, such as consumer staples, utilities, and health care, tended to outperform the market average, while cyclically sensitive sectors, such as consumer discretionary, real estate, and information technology, lagged. Outside the United States, the MSCI EAFE<sup>®</sup> Index (Net)\*, a broad measure of developed international equity performance, returned -23.00% for the reporting period.

After a recovery from the dramatic impact of the COVID-19 pandemic through the end of 2021, U.S. gross domestic product (GDP) increased at an annualized rate of 6.9% for the fourth quarter. However, amid fading government stimuli, ongoing supply chain disruptions, persisting inflation, a tight labor market, and a widening U.S. trade deficit, GDP decreased at an annualized rate of -1.6% and -0.6% for the first and second quarters of 2022, respectively. GDP growth was positive for the third quarter of 2022, increasing at an annualized rate of 2.9%, driven primarily by energy exports. Consumer spending also grew but at a slower pace than in the second quarter. Inflation remained stubbornly

#### Asset Class Performance Comparison % returns during the 12 months ended October 31, 2022

#### <br>
![](g20940imgf7a43ac24.jpg)

Index figures 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. Past performance is not a guarantee of future results.

For index definitions, please see the Glossary.

Data source: Index provider websites and Schwab Asset Management.

Nothing in this report represents a recommendation of a security by the investment adviser.

Management views may have changed since the report date.

\* The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Equity Index Funds

## The Investment Environment (continued)<br>

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high, hitting a 40-year high in June due to imbalances in the labor market, supply chain bottlenecks, and soaring energy costs, before falling slightly by the end of the reporting period. The unemployment rate remained low, ending the reporting period near pre-pandemic lows.

Outside the United States, global economies also wrestled with the fallout of the COVID-19 pandemic, high energy costs, rising inflation, and the war in Ukraine. After spiking in early March 2022 as sanctions were imposed on Russian imports—and again in June on supply-and-demand imbalances—oil prices generally fell through the rest of the reporting period, ending at just over $86 per barrel. The eurozone, heavily impacted by the war in Ukraine and associated commodity price spikes, managed to eke out small gains in GDP for the fourth quarter of 2021 and first and second quarters of 2022, as COVID-19 restrictions eased and tourism increased in response to pent-up demand. The United Kingdom also posted small gains in GDP growth for the fourth quarter of 2021 and first and second quarters of 2022. Among emerging markets, China's GDP growth rate remained positive but slowed notably as China dealt with numerous headwinds including the political landscape, an emphasis on domestic consumption over globalization, lockdowns and quarantines, and a severe property downturn as a result of stalled demand, a decline in financing for property development, halted construction on in progress projects, and homeowners pausing mortgage payments on incomplete builds. India's GDP growth also remained positive over the reporting period, particularly in the second quarter of 2022, on rising consumer demand and a rapid decline in COVID-19 cases.

Monetary policy around the world varied. In the United States, after maintaining the federal funds rate in a range of 0.00% to 0.25% through mid-March 2022, as inflation continued to rise and indicators of economic activity and employment continued to strengthen, the U.S. Federal Reserve (Fed) shifted its stance. After issuing successively stronger signals that interest rates could begin to rise sooner in 2022 than previously anticipated, the Fed raised the federal funds rate five times during the reporting period—by 0.25% in mid-March, 0.50% in early May, 0.75% in mid-June, 0.75% in late July, and 0.75% in late September—in its ongoing efforts to achieve a return to price stability. The federal funds rate ended the reporting period in a range of 3.00% to 3.25%. In June, the Fed also began to reduce the $9 trillion in assets it held on its balance sheet, vowing to be even more aggressive than during its last round of quantitative tightening between 2017 and 2019. Outside the United States, central banks were similarly responsive. After holding its policy rate unchanged since March 2015, at 0.00%, the European Central Bank raised its interest rate three times over the reporting period in an effort to dampen demand and control inflation, which in October 2022 rose into double-digits. The Bank of England raised its key official bank rate seven times during the reporting period, bringing borrowing costs to a 13-year high as the Bank of England wrestles with soaring inflation. In contrast, the Bank of Japan continued to uphold its short-term interest rate target of -0.1%, unchanged since 2016, but raised its inflation forecast at its October 2022 meeting.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Equity Index Funds

## Fund Management

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| ![](g20940imgf6b7b4aa5.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**Christopher Bliss, CFA, Managing Director and Head of Passive Equity Strategies for Schwab Asset Management, is responsible for overseeing the investment process and portfolio management of investment strategies for passive equity Schwab Funds and Schwab ETFs. Before joining Schwab in 2016, Mr. Bliss spent 12 years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a managing director and the head of the Americas institutional index team. In this role, Mr. Bliss was responsible for overseeing a team of portfolio managers managing domestic, developed international and emerging markets index strategies. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan.** |

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| ![](g20940img4183e2b96.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**Jeremy Brown, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds, except for the Schwab International Index Fund. Prior to joining Schwab in 2017, Mr. Brown spent six years with ALPS Advisors, Inc. in Denver, most recently as a senior analyst on the ETF portfolio management and research team where he performed portfolio management, trading, and analytics/research functions for ALPS ETFs and passive funds. Additionally, Mr. Brown led a number of investment research, commentary, industry trend analysis, and sales and marketing support initiatives.** |

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| ![](g20940img2308f80d7.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**Chuck Craig, CFA, Senior Portfolio Manager, is responsible for the oversight and day-to-day co-management of the Schwab International Index Fund. Prior to joining Schwab in 2012, Mr. Craig worked at Guggenheim Funds (formerly Claymore Group), where he spent more than five years as a managing director of portfolio management and supervision, and three years as vice president of product research and development. Prior to that, he worked as an equity research analyst at First Trust Portfolios (formerly Niké Securities), and a trader and analyst at PMA Securities, Inc.** |

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| ![](g20940img086c57098.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**Ferian Juwono, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds, except for the Schwab International Index Fund. Prior to joining Schwab in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors) where he spent more than three years as a portfolio manager, managing equity index funds for institutional clients, and two years as a senior business analyst. Prior to that, Mr. Juwono worked for more than four years as a senior financial analyst with Union Bank of California.** |

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| ![](g20940img8f0e1f269.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**David Rios, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab International Index Fund. Prior to this role, Mr. Rios was an associate portfolio manager on the equity index strategies team for four years. His first role with Schwab Asset Management was as a trade operations specialist. Prior to joining Schwab in 2008, Mr. Rios was a senior fund accountant at Investors Bank & Trust (subsequently acquired by State Street Corporation).** |

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| ![](g20940imge6f27ba310.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the funds, except for the Schwab International Index Fund. Prior to joining Schwab in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America's Columbia Management subsidiary as a portfolio manager for three years. Mr. Sinha also spent time as a software consultant at DPM Mellon, LLC and an equity trader at Jane Street Capital.** |

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab S&P 500 Index Fund as of October 31, 2022

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**The Schwab S&P 500 Index Fund's (the fund) goal is to track the total return of the S&P 500<sup>®</sup> Index (the index). The index includes the stocks of 500 leading U.S. publicly traded companies from a broad range of industries. The fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights. For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. Within the index, stocks in the energy and consumer staples sectors were the top performers, while stocks in the communication services and consumer discretionary sectors underperformed.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -14.63% for the 12-month reporting period ended October 31, 2022, compared with the index, which returned -14.61%. Differences between the return of the fund and the return of the index may be attributable to, among other things, the operational and transactional costs incurred by the fund and not the index.**

**Contributors and Detractors. The information technology sector detracted the most from the total return of the fund. Information technology stocks represented an average weight of approximately 28% of the fund's investments and returned approximately -20% for the reporting period. One example from this sector is Microsoft Corp., which develops, manufactures, licenses, sells, and supports software products. The fund's holdings of Microsoft Corp. represented an average weight of approximately 6% of the fund's investments and returned approximately -29% for the reporting period.**

The communication services sector also detracted from the total return of the fund, representing an average weight of approximately 9% of the fund's investments and returning approximately -41% for the reporting period.

The energy sector contributed the most to the total return of the fund. Energy stocks represented an average weight of approximately 4% of the fund's investments and returned approximately 65% for the reporting period. One example from this sector is Exxon Mobil Corp., which operates petroleum and petro chemicals businesses. Exxon Mobil Corp. represented an average weight of approximately 1% of the fund's investments and returned approximately 80% for the reporting period.

The health care sector also contributed to the total return of the fund, representing an average weight of approximately 14% of the fund's investments and returning approximately 1% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

<sub>7</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (October 31, 2012 – October 31, 2022)<sup>1</sup>

![](g20940lg_2m32.jpg)

#### <br>
Average Annual Total Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Years** |
| Fund: Schwab S&P 500 Index Fund (5/19/97) | -14.63% | &nbsp;&nbsp;&nbsp;&nbsp;10.41% | &nbsp;&nbsp;&nbsp;&nbsp;12.72% |
| S&P 500<sup>®</sup> Index | -14.61% | &nbsp;&nbsp;&nbsp;&nbsp;10.44% | &nbsp;&nbsp;&nbsp;&nbsp;12.79% |
| Fund Category: Morningstar Large Blend<sup>2</sup> | -14.48% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.03% | &nbsp;&nbsp;&nbsp;&nbsp;11.44% |
| *Fund Expense Ratio<sup>3</sup>: 0.02%* | *Fund Expense Ratio<sup>3</sup>: 0.02%* | *Fund Expense Ratio<sup>3</sup>: 0.02%* | *Fund Expense Ratio<sup>3</sup>: 0.02%* |

---

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 the Glossary.

Index ownership – "Standard & Poor's<sup>®</sup>," "S&P<sup>®</sup>," and "S&P 500<sup>®</sup>" are registered trademarks of Standard & Poor's Financial Services LLC (S&P), and "Dow Jones<sup>®</sup>" is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. The "S&P 500<sup>®</sup> Index" is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by Charles Schwab Investment Management, Inc. The Schwab S&P 500 Index Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates, and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

<sub>8</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503 |
| Weighted Average Market Cap (millions) | $474291 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.2 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% |

---

Sector Weightings % of Investments<sup>2</sup>

![](g20940img0824ed9b11.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>3</sup>

![](g20940img5f92602b12.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>3</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab 1000 Index Fund as of October 31, 2022

------

**The Schwab 1000 Index Fund's (the fund) goal is to match the total return of the Schwab 1000 Index<sup>®</sup> (the index). The index is a float-adjusted market capitalization weighted index that includes the 1,000 largest stocks of publicly traded companies in the United States, with size being determined by market capitalization (total market value of all shares outstanding). The fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights. For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. Within the index, stocks in the energy and consumer staples sectors were the top performers, while stocks in the communication services and consumer discretionary sectors underperformed.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -16.73% for the 12-month reporting period ended October 31, 2022, compared with the index, which returned -16.69%. Differences between the return of the fund and the return of the index may be attributable to, among other things, the operational and transactional costs incurred by the fund and not the index.**

**Contributors and Detractors. The information technology sector detracted the most from the total return of the fund. Information technology stocks represented an average weight of approximately 27% of the fund's investments and returned approximately -24% for the reporting period. One example from this sector is Microsoft Corp., which develops, manufactures, licenses, sells, and supports software products. The fund's holdings of Microsoft Corp. represented an average weight of approximately 5% of the fund's investments and returned approximately -29% for the reporting period.**

The communications services sector also detracted from the total return of the fund, representing an average weight of approximately 9% of the fund's investments and returning approximately -41% for the reporting period.

The energy sector contributed the most to the total return of the fund. Energy stocks represented an average weight of approximately 4% of the fund's investments and returned approximately 65% for the reporting period. One example from this sector is Exxon Mobil Corp., which operates petroleum and petro chemicals businesses. The fund's holdings of Exxon Mobil Corp. represented an average weight of approximately 1% of the fund's investments and returned approximately 80% for the reporting period.

The consumer staples sector also contributed to the total return of the fund, representing an average weight of approximately 6% of the fund's investments and returning approximately 4% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

<sub>10</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (October 31, 2012 – October 31, 2022)<sup>1</sup>

![](g20940lg_2m25.jpg)

#### <br>
Average Annual Total Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Years** |
| Fund: Schwab 1000 Index Fund (4/2/91) | -16.73% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.97% | &nbsp;&nbsp;&nbsp;&nbsp;12.38% |
| Schwab 1000 Index<sup>®</sup> | -16.69% | &nbsp;&nbsp;&nbsp;&nbsp;10.02% | &nbsp;&nbsp;&nbsp;&nbsp;12.53% |
| Russell 1000<sup>®</sup> Index | -16.38% | &nbsp;&nbsp;&nbsp;&nbsp;10.19% | &nbsp;&nbsp;&nbsp;&nbsp;12.66% |
| Fund Category: Morningstar Large Blend<sup>2</sup> | -14.48% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.03% | &nbsp;&nbsp;&nbsp;&nbsp;11.44% |
| *Fund Expense Ratio<sup>3</sup>: 0.05%* | *Fund Expense Ratio<sup>3</sup>: 0.05%* | *Fund Expense Ratio<sup>3</sup>: 0.05%* | *Fund Expense Ratio<sup>3</sup>: 0.05%* |

---

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 the Glossary.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992 <sup>2</sup> |
| Weighted Average Market Cap (millions) | $427530 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.7 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% <sup>3</sup> |

---

Sector Weightings % of Investments<sup>4</sup>

![](g20940imged77623613.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>5</sup>

![](g20940img0cb366c814.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> As a result of the Schwab 1000 Index<sup>®</sup>'s once per year reconstitution and the effects of certain corporate actions, the fund may hold more or less than 1,000 securities.

<sup>3</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>4</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>5</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab Small-Cap Index Fund as of October 31, 2022

------

**The Schwab Small-Cap Index Fund's (the fund) goal is to track the performance of a benchmark index that measures the total return of small-capitalization U.S. stocks. To pursue its goal, the fund generally invests in stocks that are included in the Russell 2000<sup>®</sup> Index (the index). The fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. U.S. small-cap stocks underperformed U.S. large-cap stocks. Within the index, stocks in the energy and utilities sectors were the top performers, while stocks in the communication services and information technology sectors underperformed.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -18.53% for the 12-month reporting period ended October 31, 2022, compared with the index, which returned -18.54%.**

**Contributors and Detractors. The energy sector contributed the most to the total return of the fund. Energy stocks represented an average weight of approximately 6% of the fund's investments and returned approximately 43% for the reporting period. One example from this sector is PBF Energy, Inc., which operates as an independent petroleum refiner and supplier. The fund's Class A holdings of PBF Energy, Inc. represented an average weight of less than 1% of the fund's investments and returned approximately 203% for the reporting period.**

The utilities sector also contributed slightly to the total return of the fund, representing an average weight of approximately 3% of the fund's investments and returning approximately 4% for the reporting period.

The health care sector detracted the most from the total return of the fund. Health care stocks represented an average weight of approximately 17% of the fund's investments and returned approximately -31% for the reporting period. One example from this sector is Omnicell, Inc., which offers solutions including pharmacy and supply systems, clinical reference tools, an internet-based procurement application, and decision support. The fund's holdings of Omnicell, Inc. represented an average weight of less than 1% of the fund's investments and returned approximately -57% for the reporting period.

The information technology sector also detracted from the total return of the fund, representing an average weight of approximately 14% of the fund's investments and returning approximately -31% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

<sub>13</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (October 31, 2012 – October 31, 2022)<sup>1</sup>

![](g20940lg_2m27.jpg)

#### <br>
Average Annual Total Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Years** |
| Fund: Schwab Small-Cap Index Fund (5/19/97) | -18.53% | &nbsp;&nbsp;&nbsp;&nbsp;5.62% | &nbsp;&nbsp;&nbsp;&nbsp;9.97% |
| Russell 2000<sup>®</sup> Index | -18.54% | &nbsp;&nbsp;&nbsp;&nbsp;5.56% | &nbsp;&nbsp;&nbsp;&nbsp;9.93% |
| Fund Category: Morningstar Small Blend<sup>2</sup> | -13.55% | &nbsp;&nbsp;&nbsp;&nbsp;5.76% | &nbsp;&nbsp;&nbsp;&nbsp;9.75% |
| *Fund Expense Ratio<sup>3</sup>: 0.04%* | *Fund Expense Ratio<sup>3</sup>: 0.04%* | *Fund Expense Ratio<sup>3</sup>: 0.04%* | *Fund Expense Ratio<sup>3</sup>: 0.04%* |

---

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 the Glossary.

Index ownership – "Russell 2000<sup>®</sup>" is a registered mark of the Frank Russell Company (Russell) and has been licensed for use by the Schwab Small-Cap Index Fund. The Schwab Small-Cap Index Fund is not sponsored, endorsed, sold or promoted by Russell and Russell makes no representation regarding the advisability of investing in the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;1964 |
| Weighted Average Market Cap (millions) | $2797 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;11.2 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;16% <sup>2</sup> |

---

Sector Weightings % of Investments<sup>3</sup>

![](g20940img7947013d15.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>4</sup>

![](g20940img6628030716.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

Small-company stocks are subject to greater volatility than many other asset classes.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>3</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>4</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab Total Stock Market Index Fund as of October 31, 2022

------

**The Schwab Total Stock Market Index Fund's (the fund) goal is to track the total return of the entire U.S. stock market, as measured by the Dow Jones U.S. Total Stock Market Index<sup>SM</sup> (the index). The index is designed to measure all publicly traded stocks of companies headquartered in the United States for which pricing information is readily available. The fund uses a sampling investment approach that involves investing in a representative sample of securities included in the index that, when taken together, are expected to perform similarly to the index as a whole. Due to the use of representative sampling, the fund may not hold all of the securities in the index. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights. For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. Within the index, stocks in the energy and consumer staples sectors were the top performers, while stocks in the communication services and consumer discretionary sectors underperformed.**

**Performance. The fund tracked the index for the reporting period. The fund returned -16.94% for the 12-month reporting period ended October 31, 2022, compared with the index, which returned -16.94%.**

**Contributors and Detractors. The energy sector contributed the most to the total return of the fund. Energy stocks represented an average weight of approximately 4% of the fund's investments and returned approximately 62% for the reporting period. One example from this sector is Exxon Mobil Corp., which operates petroleum and petro chemicals businesses. The fund's holdings of Exxon Mobil Corp. represented an average weight of less than 1% of the fund's investments and returned approximately 80% for the reporting period.**

The consumer staples sector also contributed slightly to the total return of the fund, representing an average weight of approximately 6% of the fund's investments and returning approximately 4% for the reporting period.

The information technology sector detracted the most from the total return of the fund. Information technology stocks represented an average weight of approximately 27% of the fund's investments and returned approximately -24% for the reporting period. One example from this sector is Microsoft Corp., which develops, manufactures, licenses, sells, and supports software products. The fund's holdings of Microsoft Corp. represented an average weight of approximately 5% of the fund's investments and returned approximately -29% for the reporting period.

The communication services sector also detracted from the total return of the fund, representing an average weight of approximately 8% of the fund's investments and returning approximately -41% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

<sub>16</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (October 31, 2012 – October 31, 2022)<sup>1</sup>

![](g20940lg_2m40.jpg)

#### <br>
Average Annual Total Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Years** |
| Fund: Schwab Total Stock Market Index Fund (6/1/99) | -16.94% | &nbsp;&nbsp;&nbsp;&nbsp;9.69% | &nbsp;&nbsp;&nbsp;&nbsp;12.31% |
| Dow Jones U.S. Total Stock Market Index<sup>SM</sup> | -16.94% | &nbsp;&nbsp;&nbsp;&nbsp;9.72% | &nbsp;&nbsp;&nbsp;&nbsp;12.36% |
| Fund Category: Morningstar Large Blend<sup>2</sup> | -14.48% | &nbsp;&nbsp;&nbsp;&nbsp;9.03% | &nbsp;&nbsp;&nbsp;&nbsp;11.44% |
| *Fund Expense Ratio<sup>3</sup>: 0.03%* | *Fund Expense Ratio<sup>3</sup>: 0.03%* | *Fund Expense Ratio<sup>3</sup>: 0.03%* | *Fund Expense Ratio<sup>3</sup>: 0.03%* |

---

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 the Glossary.

Index ownership – "Standard & Poor's<sup>®</sup>" and "S&P<sup>®</sup>" are registered trademarks of Standard & Poor's Financial Services LLC (S&P), and "Dow Jones<sup>®</sup>" is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. The "Dow Jones U.S. Total Stock Market Index<sup>SM</sup>" is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by Charles Schwab Investment Management, Inc. The Schwab Total Stock Market Index Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates, and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

<sub>17</sub>

Schwab Equity Index Funds \| Annual Report

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3517 |
| Weighted Average Market Cap (millions) | $402286 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.0 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% |

---

Sector Weightings % of Investments<sup>2</sup>

![](g20940imgf9351bad17.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>3</sup>

![](g20940img1e8ddda718.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>3</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab U.S. Large-Cap Growth Index Fund as of October 31, 2022

------

**The Schwab U.S. Large-Cap Growth Index Fund's (the fund) goal is to track the performance of a benchmark index that measures the total return of large-capitalization U.S. growth stocks. To pursue its goal, the fund generally invests in stocks that are included in the Russell 1000<sup>®</sup> Growth Index (the index). The fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights. For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. U.S. small-cap stocks underperformed U.S. large-cap stocks. Among U.S. large-cap stocks, growth stocks significantly underperformed value stocks. Within the index, stocks in the energy and consumer staples sectors were the top performers, while stocks in the communication services and information technology sectors underperformed.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -24.63% during the 12-month reporting period ended October 31, 2022, compared with the index, which returned -24.60%. Differences between the return of the fund and the return of the index may be attributable to, among other things, the operational and transactional costs incurred by the fund and not the index.**

**Contributors and Detractors. The information technology sector detracted the most from the total return of the fund. Information technology stocks represented an average weight of approximately 45% of the fund's investments and returned approximately -24% for the reporting period. One example from this sector is Microsoft Corp., which develops, manufactures, licenses, sells, and supports software products. The fund's holdings of Microsoft Corp. represented an average weight of approximately 11% of the fund's investments and returned approximately -29% for the reporting period.**

The consumer discretionary sector also detracted from the total return of the fund, representing an average weight of approximately 18% of the fund's investments and returning approximately -33% for the reporting period.

The energy sector contributed the most to the total return for the fund. Energy stocks represented an average weight of less than 1% of the fund's investments and returned approximately 62% for the reporting period. One example from this sector is EOG Resources, Inc., which explores, develops, produces, and markets natural gas and crude oil. The fund's holdings of EOG Resources, Inc. represented an average weight of less than 1% of the fund's investments and returned approximately 61% for the reporting period.

The consumer staples sector contributed slightly to the total return of the fund, representing an average weight of approximately 5% of the fund's investments and returning approximately 3% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (December 20, 2017 – October 31, 2022)<sup>1</sup>

![](g20940lg_2mu3.jpg)

#### <br>
Average Annual Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**3 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**Since Inception** |
| Fund: Schwab U.S. Large-Cap Growth Index Fund (12/20/17) | -24.63% | &nbsp;&nbsp;&nbsp;&nbsp;11.69% | &nbsp;&nbsp;&nbsp;&nbsp;11.89% |
| Russell 1000<sup>®</sup> Growth Index | -24.60% | &nbsp;&nbsp;&nbsp;&nbsp;11.75% | &nbsp;&nbsp;&nbsp;&nbsp;11.95% |
| Fund Category: Morningstar Large Growth<sup>2</sup> | -28.11% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.07% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A |
| *Fund Expense Ratio<sup>3</sup>: 0.035%* | *Fund Expense Ratio<sup>3</sup>: 0.035%* | *Fund Expense Ratio<sup>3</sup>: 0.035%* | *Fund Expense Ratio<sup>3</sup>: 0.035%* |

---

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 the Glossary.

Index ownership – The Russell 1000<sup>®</sup> Growth Index is a registered mark of the Frank Russell Company (Russell) and has been licensed for use by the Schwab U.S. Large-Cap Growth Index Fund. The Schwab U.S. Large-Cap Growth Index Fund is not sponsored, endorsed, sold or promoted by Russell and Russell makes no representation regarding the advisability of investing in the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514 |
| Weighted Average Market Cap (millions) | $721291 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.4 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18% |

---

Sector Weightings % of Investments<sup>2</sup>

![](g20940img6f993be719.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>3</sup>

![](g20940img2ba5c8b020.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>3</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab U.S. Large-Cap Value Index Fund as of October 31, 2022

------

**The Schwab U.S. Large-Cap Value Index Fund's (the fund) goal is to track the performance of a benchmark index that measures the total return of large-capitalization U.S. value stocks. To pursue its goal, the fund generally invests in stocks that are included in the Russell 1000<sup>®</sup> Value Index (the index). The fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights. For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. U.S. small-cap stocks underperformed U.S. large-cap stocks. Among U.S. large-cap stocks, growth stocks significantly underperformed value stocks. Within the index, stocks in the energy and consumer staples sectors were the top performers, while stocks in the communication services and information technology sectors underperformed.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -7.04% during the 12-month reporting period ended October 31, 2022, compared with the index, which returned -7.00%. Differences between the return of the fund and the return of the index may be attributable to, among other things, the operational and transactional costs incurred by the fund and not the index.**

**Contributors and Detractors. The communication services sector detracted the most from the total return of the fund. Communication services stocks represented an average weight of approximately 8% of the fund's investments and returned approximately -30% for the reporting period. One example from this sector is Meta Platforms, Inc., a social technology company. The fund's Class A holdings of Meta Platforms, Inc. represented an average weight of less than 1% of the fund's investments and returned approximately -45% for the reporting period.**

The financials sector also detracted from the total return of the fund, representing an average weight of approximately 21% of the fund's investments and returning approximately -13% for the reporting period.

The energy sector contributed the most to the total return of the fund. Energy stocks represented an average weight of approximately 7% of the fund's investments and returned approximately 65% for the reporting period. One example from this sector is Exxon Mobil Corp., which operates petroleum and petro chemicals businesses. Exxon Mobil Corp. represented an average weight of approximately 2% of the fund's investments and returned approximately 80% for the reporting period.

The health care sector also contributed to the total return of the fund, representing an average weight of approximately 18% of the fund's investments and returning approximately 3% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (December 20, 2017 – October 31, 2022)<sup>1</sup>

![](g20940lg_2mu4.jpg)

#### <br>
Average Annual Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**3 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**Since Inception** |
| Fund: Schwab U.S. Large-Cap Value Index Fund (12/20/17) | -7.04% | &nbsp;&nbsp;&nbsp;&nbsp;7.23% | &nbsp;&nbsp;&nbsp;&nbsp;6.41% |
| Russell 1000<sup>®</sup> Value Index | -7.00% | &nbsp;&nbsp;&nbsp;&nbsp;7.31% | &nbsp;&nbsp;&nbsp;&nbsp;6.49% |
| Fund Category: Morningstar Large Value<sup>2</sup> | -4.53% | &nbsp;&nbsp;&nbsp;&nbsp;8.42% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A |
| *Fund Expense Ratio<sup>3</sup>: 0.035%* | *Fund Expense Ratio<sup>3</sup>: 0.035%* | *Fund Expense Ratio<sup>3</sup>: 0.035%* | *Fund Expense Ratio<sup>3</sup>: 0.035%* |

---

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 the Glossary.

Index ownership – The Russell 1000<sup>®</sup> Value Index is a registered mark of the Frank Russell Company (Russell) and has been licensed for use by the Schwab U.S. Large-Cap Value Index Fund. The Schwab U.S. Large-Cap Value Index Fund is not sponsored, endorsed, sold or promoted by Russell and Russell makes no representation regarding the advisability of investing in the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851 |
| Weighted Average Market Cap (millions) | $147180 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15% <sup>2</sup> |

---

Sector Weightings % of Investments<sup>3</sup>

![](g20940img4f31f9a921.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>4</sup>

![](g20940img54c4727e22.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>3</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>4</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab U.S. Mid-Cap Index Fund as of October 31, 2022

------

**The Schwab U.S. Mid-Cap Index Fund's (the fund) goal is to track the performance of a benchmark index that measures the total return of mid-capitalization U.S. stocks. To pursue its goal, the fund generally invests in securities that are included in the Russell Midcap<sup>®</sup> Index (the index). The fund generally will seek to replicate the performance of the index by giving the same weight to a given security as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. U.S. small-cap stocks underperformed U.S. large-cap stocks. Within the index, stocks in the energy and consumer staples sectors were the top performers, while stocks in the communication services and information technology sectors underperformed.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -17.15% during the 12-month reporting period ended October 31, 2022, compared with the index, which returned -17.17%.**

**Contributors and Detractors. The energy sector contributed the most to the total return of the fund. Energy stocks represented an average weight of approximately 5% of the fund's investments and returned approximately 58% for the reporting period. One example from this sector is Devon Energy Corp., which operates as an independent energy company that is involved primarily in oil and gas exploration, development and production, the transportation of oil, gas, and natural gas liquids, and the processing of natural gas. The fund's holdings of Devon Energy Corp. represented an average weight of less than 1% of the fund's investments and returned approximately 108% for the reporting period.**

The consumer staples sector also contributed slightly to the total return of the fund, representing an average weight of approximately 4% of the fund's investments and returning approximately 6% for the reporting period.

The information technology sector detracted the most from the total return of the fund. Information technology stocks represented an average weight of approximately 18% of the fund's investments and returned approximately -30% for the reporting period. One example from this sector is DocuSign, Inc., which provides electronic signature solutions. The fund's holdings of DocuSign, Inc. represented an average weight of less than 1% of the fund's investments and returned approximately -83% for the reporting period.

The consumer discretionary sector also detracted from the total return of the fund, representing an average weight of approximately 12% of the fund's investments and returning approximately -28% for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Management views and portfolio holdings may have changed since the report date.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (December 20, 2017 – October 31, 2022)<sup>1</sup>

![](g20940lg_2mu5.jpg)

#### <br>
Average Annual Returns<sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**3 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**Since Inception** |
| Fund: Schwab U.S. Mid-Cap Index Fund (12/20/17) | -17.15% | &nbsp;&nbsp;&nbsp;&nbsp;7.81% | &nbsp;&nbsp;&nbsp;&nbsp;7.28% |
| Russell Midcap<sup>®</sup> Index | -17.17% | &nbsp;&nbsp;&nbsp;&nbsp;7.84% | &nbsp;&nbsp;&nbsp;&nbsp;7.33% |
| Fund Category: Morningstar Mid-Cap Blend<sup>2</sup> | -12.33% | &nbsp;&nbsp;&nbsp;&nbsp;8.05% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A |
| *Fund Expense Ratio<sup>3</sup>: 0.04%* | *Fund Expense Ratio<sup>3</sup>: 0.04%* | *Fund Expense Ratio<sup>3</sup>: 0.04%* | *Fund Expense Ratio<sup>3</sup>: 0.04%* |

---

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 the Glossary.

Index ownership – The Russell Midcap<sup>®</sup> Index is a registered mark of the Frank Russell Company (Russell) and has been licensed for use by the Schwab U.S. Mid-Cap Index Fund. The Schwab U.S. Mid-Cap Index Fund is not sponsored, endorsed, sold or promoted by Russell and Russell makes no representation regarding the advisability of investing in the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>3</sup> As stated in the prospectus.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819 |
| Weighted Average Market Cap (millions) | $21220 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.8 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11% <sup>2</sup> |

---

Sector Weightings % of Investments<sup>3</sup>

![](g20940img67c13f2023.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>4</sup>

![](g20940imgf2b5d0bc24.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S& P and MSCI.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>3</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

<sup>4</sup> This list is not a recommendation of any security by the investment adviser.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

## Schwab International Index Fund as of October 31, 2022

------

**The Schwab International Index Fund's (the fund) goal is to track the performance of a benchmark index that measures the total return of large, publicly traded non-U.S. companies from countries with developed equity markets outside of the United States. To purse its goal, the fund generally invests in stocks that are included in the MSCI EAFE<sup>®</sup> Index (the index). The index includes stocks from developed markets in Europe, Australasia and the Far East. The fund generally will seek to replicate the performance of the index by giving the same weight to a given stock as the index does. For more information concerning the fund's investment objective, strategies, and risks, please see the fund's prospectus.**

**Market Highlights. For the 12-month reporting period ended October 31, 2022, U.S. and international equity markets lost ground. After several key market indices hit record highs through early January 2022, equity markets around the globe began to slide in reaction to growing headwinds, including accelerating inflation and the increasing likelihood of rising interest rates. In late February 2022, Russia's invasion of Ukraine drove oil prices to over $100 per barrel for the first time since 2014 and roiled stock markets around the world. Albeit decelerating, COVID-19 continued to weigh on economies worldwide, with highly transmissible variants and subvariants keeping infection rates high in many areas. As the reporting period progressed, economic growth slowed, interest rates rose, and recession fears mounted. The U.S. dollar continued to exhibit strength against a basket of foreign currencies, ending the reporting period significantly stronger and generally reducing the returns of overseas investments in U.S. dollar terms.**

**Performance. The fund generally tracked the index for the reporting period. The fund returned -23.12% for the 12-month reporting period ended October 31, 2022, compared with the index, which returned -23.00%<sup>1</sup>. Differences between the return of the fund and the return of the index may be attributable to, among other things, the operational and transactional costs incurred by the fund and not the index.**

**Contributors and Detractors. Stocks from Japan detracted the most from the total return of the fund. Japanese stocks represented an average weight of approximately 23% of the fund's investments and returned approximately -24% in U.S. dollar terms for the reporting period. One example from this market is Sony Group Corp., which manufactures and distributes electronics products and provides related solutions. The fund's holdings of Sony Group Corp. represented an average weight of less than 1% of the fund's investments and returned approximately -41% in U.S. dollar terms for the reporting period.**

Stocks from the United Kingdom also detracted from the total return of the fund, representing an average weight of approximately 15% of the fund's investments and returning approximately -12% in U.S. dollar terms for the reporting period.

Over the reporting period, no markets contributed to the total return of the fund. However, stocks from New Zealand detracted the least from the total return of the fund. Stocks from New Zealand represented an average weight of less than 1% of the fund's investments and returned approximately -30% in U.S. dollar terms for the reporting period. One example from this market is Spark New Zealand Ltd., which provides telecommunication services. Spark New Zealand Ltd. represented an average weight of less than 1% of the fund's investments and returned approximately -3% in U.S. dollar terms for the reporting period.

Stocks from Austria also only slightly detracted from the total return of the fund, representing an average weight of less than 1% of the fund's investments and returning approximately -35% in U.S. dollar terms for the reporting period.

Management views and portfolio holdings may have changed since the report date.

<sup>1</sup> The total return cited for the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Performance and Fund Facts as of October 31, 2022

------

**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/schwabfunds_prospectus.** 

Performance of Hypothetical $10,000 Investment (October 31, 2012 – October 31, 2022)<sup>1,2</sup>

![](g20940lg_2m26.jpg)

#### <br>
Average Annual Total Returns<sup>1,2</sup>

---

| | | | |
|:---|:---|:---|:---|
| **Fund and Inception Date** | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Years** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Years** |
| Fund: Schwab International Index Fund (5/19/97) | -23.12% | &nbsp;&nbsp;&nbsp;&nbsp;-0.07% | &nbsp;&nbsp;&nbsp;&nbsp;4.11% |
| MSCI EAFE<sup>®</sup> Index (Net)<sup>3</sup> | -23.00% | &nbsp;&nbsp;&nbsp;&nbsp;-0.09% | &nbsp;&nbsp;&nbsp;&nbsp;4.13% |
| International Spliced Index | -23.00% | &nbsp;&nbsp;&nbsp;&nbsp;-0.09% | &nbsp;&nbsp;&nbsp;&nbsp;4.13% |
| Fund Category: Morningstar Foreign Large Blend<sup>4</sup> | -24.04% | &nbsp;&nbsp;&nbsp;&nbsp;-0.51% | &nbsp;&nbsp;&nbsp;&nbsp;3.75% |
| *Fund Expense Ratio<sup>5</sup>: 0.06%* | *Fund Expense Ratio<sup>5</sup>: 0.06%* | *Fund Expense Ratio<sup>5</sup>: 0.06%* | *Fund Expense Ratio<sup>5</sup>: 0.06%* |

---

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.

The first index listed for the fund is the fund's primary benchmark, as shown in the prospectus. Additional indices shown are provided for comparative purposes.

For index definitions, please see the Glossary.

Index ownership – "MSCI EAFE<sup>®</sup>" is a registered mark of MSCI and has been licensed for use by the Schwab International Index Fund. The Schwab International Index Fund is not sponsored, endorsed, sold or promoted by MSCI and MSCI bears no liability with respect to the fund. The Statement of Additional Information contains a more detailed description of the limited relationship MSCI has with the fund.

<sup>1</sup> Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

<sup>2</sup> The fund's performance relative to the index may be affected by fair-value pricing. See financial note 2 for more information.

<sup>3</sup> The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

<sup>4</sup> Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds and ETFs within the category as of the report date.

<sup>5</sup> As stated in the prospectus.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Performance and Fund Facts as of October 31, 2022 (continued)

------

Statistics<sup>1</sup>

---

| | |
|:---|:---|
| Number of Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;801 |
| Weighted Average Market Cap (millions) | $69437 |
| Price/Earnings Ratio (P/E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 |
| Price/Book Ratio (P/B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% |

---

Sector Weightings % of Investments<sup>1</sup>

![](g20940img69dc9db725.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

Top Equity Holdings % of Net Assets<sup>2</sup>

![](g20940img7353bf5226.jpg)

Top Country Weightings % of Investments<sup>3</sup>

![](g20940imgd745b22e27.jpg)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
Portfolio holdings may have changed since the report date.

Source of Sector Classification: S&P and MSCI.

International investments are subject to additional risks such as currency fluctuation, geopolitical risk and the potential for illiquid markets.

<sup>1</sup> Excludes derivatives.

<sup>2</sup> This list is not a recommendation of any security by the investment adviser.

<sup>3</sup> The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Equity Index Funds

Fund Expenses (Unaudited)

Examples for a $1,000 Investment

As a fund shareholder, you may incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees.

The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in a fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning May 1, 2022 and held through October 31, 2022.

**Actual Return lines in the table below provide information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number given for your fund under the heading entitled "Expenses Paid During Period."**

**Hypothetical Return lines in the table below provide information about hypothetical account values and hypothetical expenses based on a fund's actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.**

You may use this information to compare the ongoing costs of investing in a fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;EXPENSE RATIO<br> (ANNUALIZED) <sup>1</sup> | &nbsp;&nbsp;BEGINNING <br> ACCOUNT VALUE<br> AT 5/1/22 | &nbsp;&nbsp;ENDING <br> ACCOUNT VALUE<br> (NET OF EXPENSES)<br> AT 10/31/22 | &nbsp;&nbsp;EXPENSES PAID<br> DURING PERIOD<br> 5/1/22-10/31/22 <sup>2</sup> |
| **Schwab S&P 500 Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$944.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1025.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.10 |
| **Schwab 1000 Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$941.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1024.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.26 |
| **Schwab Small-Cap Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$998.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1025.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.20 |
| **Schwab Total Stock Market Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$943.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1025.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.15 |
| **Schwab U.S. Large-Cap Growth Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$917.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1025.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.18 |
| **Schwab U.S. Large-Cap Value Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$967.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1025.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.18 |
| **Schwab U.S. Mid-Cap Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$947.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1025.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.20 |
| **Schwab International Index Fund** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Actual Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.06% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$881.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical 5% Return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.06% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1024.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.31 |

---

<sup>1</sup> Based on the most recent six-month expense ratio. <br> <sup>2</sup> Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/17– <br> 10/31/18 |
| **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;&nbsp;&nbsp;$71.21 | &nbsp;&nbsp;&nbsp;&nbsp;$50.75 | &nbsp;&nbsp;&nbsp;&nbsp;$47.17 | &nbsp;&nbsp;&nbsp;&nbsp;$42.41 | &nbsp;&nbsp;&nbsp;&nbsp;$40.23 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;(11.23) | &nbsp;&nbsp;&nbsp;&nbsp;20.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10.26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.92 |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.86) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.04) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.87) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.84) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.72) |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.07) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.09) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.02) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.93) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.04) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.96) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.02) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.74) |
| Net asset value at end of period | &nbsp;&nbsp;&nbsp;&nbsp;$60.02 | &nbsp;&nbsp;&nbsp;&nbsp;$71.21 | &nbsp;&nbsp;&nbsp;&nbsp;$50.75 | &nbsp;&nbsp;&nbsp;&nbsp;$47.17 | &nbsp;&nbsp;&nbsp;&nbsp;$42.41 |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp;(14.63%) | &nbsp;&nbsp;&nbsp;&nbsp;42.89% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.69% | &nbsp;&nbsp;&nbsp;&nbsp;14.30% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.29% |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% <sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.49% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.42% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.88% |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% |
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp;$61068 | &nbsp;&nbsp;$67401 | &nbsp;&nbsp;$44184 | &nbsp;&nbsp;$40232 | &nbsp;&nbsp;$34410 |

---

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

<sup>2</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>3</sup> Effective December 20, 2018, the annual operating expense ratio was reduced to 0.02%. The ratio presented for period ended 10/31/19 is a blended ratio.

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 99.6% OF NET ASSETS** | **COMMON STOCKS 99.6% OF NET ASSETS** | **COMMON STOCKS 99.6% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 2.3%** | &nbsp;&nbsp;**Automobiles & Components 2.3%** | &nbsp;&nbsp;**Automobiles & Components 2.3%** |
| Aptiv plc \* | &nbsp;&nbsp;&nbsp;&nbsp;506421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46119760 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;443720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16652812 |
| Ford Motor Co. | &nbsp;&nbsp;7384468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98730337 |
| General Motors Co. | &nbsp;&nbsp;2726310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107007667 |
| Tesla, Inc. \* | &nbsp;&nbsp;4979879 | &nbsp;&nbsp;&nbsp;&nbsp;1133121668 |
|  |  | &nbsp;&nbsp;&nbsp;**1401632244** |
| &nbsp;&nbsp;**Banks 3.9%** | &nbsp;&nbsp;**Banks 3.9%** | &nbsp;&nbsp;**Banks 3.9%** |
| Bank of America Corp. | 13070837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471072966 |
| Citigroup, Inc. | &nbsp;&nbsp;3621368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166075936 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;927053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37916468 |
| Comerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;243532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17169006 |
| Fifth Third Bancorp | &nbsp;&nbsp;1282432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45769998 |
| First Republic Bank | &nbsp;&nbsp;&nbsp;&nbsp;341246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40983645 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp;2697431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40947003 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;5483143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690218041 |
| KeyCorp | &nbsp;&nbsp;1746000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31201020 |
| M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;328849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55368307 |
| Regions Financial Corp. | &nbsp;&nbsp;1744377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38289075 |
| Signature Bank | &nbsp;&nbsp;&nbsp;&nbsp;117985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18704162 |
| SVB Financial Group \* | &nbsp;&nbsp;&nbsp;&nbsp;110442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25507684 |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;766881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124104352 |
| Truist Financial Corp. | &nbsp;&nbsp;2480374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111095951 |
| U.S. Bancorp | &nbsp;&nbsp;2528013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107314152 |
| Wells Fargo & Co. | &nbsp;&nbsp;7092427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326180718 |
| Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;280374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14562626 |
|  |  | &nbsp;&nbsp;&nbsp;**2362481110** |
| &nbsp;&nbsp;**Capital Goods 5.7%** | &nbsp;&nbsp;**Capital Goods 5.7%** | &nbsp;&nbsp;**Capital Goods 5.7%** |
| 3M Co. | &nbsp;&nbsp;1035051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130199065 |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;240561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13177932 |
| Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;163982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17180394 |
| AMETEK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;429179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55647349 |
| Carrier Global Corp. | &nbsp;&nbsp;1575186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62629395 |
| Caterpillar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;987068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213660739 |
| Cummins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;263248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64366769 |
| Deere & Co. | &nbsp;&nbsp;&nbsp;&nbsp;520037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205841045 |
| Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;267899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35011720 |
| Eaton Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp;745018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111804851 |
| Emerson Electric Co. | &nbsp;&nbsp;1105950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95775270 |
| Fastenal Co. | &nbsp;&nbsp;1072912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51853837 |
| Fortive Corp. | &nbsp;&nbsp;&nbsp;&nbsp;664852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42484043 |
| Fortune Brands Home & Security, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;241526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14568848 |
| Generac Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;118996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13792826 |
| General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;420450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105028410 |
| General Electric Co. | &nbsp;&nbsp;2050270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159531509 |
| Honeywell International, Inc. | &nbsp;&nbsp;1259611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256985836 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;693109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24640025 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19234749 |
| IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;141424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31439970 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;526778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112482906 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;753991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38076546 |
| Johnson Controls International plc | &nbsp;&nbsp;1288192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74509025 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;357856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88200768 |
| Lockheed Martin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;441214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214730030 |
| Masco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;423385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19590024 |
| Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;101454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22827150 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;271915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149284054 |
| Otis Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;785502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55487861 |
| PACCAR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;649239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62865813 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;240277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69829302 |
| Pentair plc | &nbsp;&nbsp;&nbsp;&nbsp;306848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13179122 |
| Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;266906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37911328 |
| Raytheon Technologies Corp. | &nbsp;&nbsp;2760601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261760187 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;215503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55017916 |
| Snap-on, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22167030 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;277454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21777365 |
| Textron, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;396345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27125852 |
| The Boeing Co. \* | &nbsp;&nbsp;1043630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148727711 |
| Trane Technologies plc | &nbsp;&nbsp;&nbsp;&nbsp;433418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69186515 |
| TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55387536 |
| United Rentals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;130875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41318546 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49437763 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;339883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31704286 |
| Xylem, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;336903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34508974 |
|  |  | &nbsp;&nbsp;&nbsp;**3501948192** |
| &nbsp;&nbsp;**Commercial & Professional Services 0.8%** | &nbsp;&nbsp;**Commercial & Professional Services 0.8%** | &nbsp;&nbsp;**Commercial & Professional Services 0.8%** |
| Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;160938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68809042 |
| Copart, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;399611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45963257 |
| CoStar Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;741391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61327864 |
| Equifax, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;228757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38783462 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;237910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27411990 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;255092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25914796 |
| Republic Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;383423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50849558 |
| Robert Half International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;204070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15603192 |
| Rollins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;430697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18123730 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;293056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53579428 |
| Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;703396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111396825 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**517763144** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 0.8%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.8%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.8%** |
| D.R. Horton, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;590941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45431544 |
| Garmin Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;289150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25456766 |
| Hasbro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;241579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15763030 |
| Lennar Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;476796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38477437 |
| Mohawk Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9298386 |
| Newell Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;700388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9672358 |
| NIKE, Inc., Class B | &nbsp;&nbsp;2362592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218965027 |
| NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24485720 |
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;430874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17230651 |
| Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7397496 |
| Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;470561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14907372 |
| VF Corp. | &nbsp;&nbsp;&nbsp;&nbsp;620883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17539945 |

---

<sub>33</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Whirlpool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;101436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14022513 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**458648245** |
| &nbsp;&nbsp;**Consumer Services 2.0%** | &nbsp;&nbsp;**Consumer Services 2.0%** | &nbsp;&nbsp;**Consumer Services 2.0%** |
| Booking Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138784587 |
| Caesars Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;399740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17480630 |
| Carnival Corp. \* | &nbsp;&nbsp;1836728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16640756 |
| Chipotle Mexican Grill, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77835247 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;229528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32854638 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22372045 |
| Expedia Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;284773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26617732 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;512219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69282742 |
| Las Vegas Sands Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;616601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23437004 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;516148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82640456 |
| McDonald's Corp. | &nbsp;&nbsp;1375502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375044375 |
| MGM Resorts International | &nbsp;&nbsp;&nbsp;&nbsp;607375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21604329 |
| Norwegian Cruise Line Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;784974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13258211 |
| Royal Caribbean Cruises Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;411732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21978254 |
| Starbucks Corp. | &nbsp;&nbsp;2145202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185753041 |
| Wynn Resorts Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;194092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12402479 |
| Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;531153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62808842 |
|  |  | &nbsp;&nbsp;&nbsp;**1200795368** |
| &nbsp;&nbsp;**Diversified Financials 5.2%** | &nbsp;&nbsp;**Diversified Financials 5.2%** | &nbsp;&nbsp;**Diversified Financials 5.2%** |
| American Express Co. | &nbsp;&nbsp;1121535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166491871 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;202615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62632349 |
| Berkshire Hathaway, Inc., Class B \* | &nbsp;&nbsp;3374664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995829600 |
| BlackRock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;281962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182122075 |
| Capital One Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;718212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76144836 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;199081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24785584 |
| CME Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;672149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116483422 |
| Discover Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;510183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53293716 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30196600 |
| Franklin Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;530004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12428594 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;1044400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99813308 |
| Invesco Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;847736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12987316 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17121114 |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;295321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78221673 |
| Morgan Stanley | &nbsp;&nbsp;2504308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205778988 |
| MSCI, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;150692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70653451 |
| Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;633951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39457110 |
| Northern Trust Corp. | &nbsp;&nbsp;&nbsp;&nbsp;389102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32820754 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;362771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42857766 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;637080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204661950 |
| State Street Corp. | &nbsp;&nbsp;&nbsp;&nbsp;686991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50837334 |
| Synchrony Financial | &nbsp;&nbsp;&nbsp;&nbsp;901682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32063812 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;421400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44735824 |
| The Bank of New York Mellon Corp. | &nbsp;&nbsp;1377489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58006062 |
| The Charles Schwab Corp. *(a)* | &nbsp;&nbsp;2843646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226553277 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;638376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219926916 |
|  |  | &nbsp;&nbsp;&nbsp;**3156905302** |
| &nbsp;&nbsp;**Energy 5.3%** | &nbsp;&nbsp;**Energy 5.3%** | &nbsp;&nbsp;**Energy 5.3%** |
| APA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;611576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27802245 |
| Baker Hughes Co. | &nbsp;&nbsp;1890976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52304396 |
| Chevron Corp. | &nbsp;&nbsp;3367043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609098079 |
| ConocoPhillips | &nbsp;&nbsp;2380299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300131901 |
| Coterra Energy, Inc. | &nbsp;&nbsp;1487104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46293548 |
| Devon Energy Corp. | &nbsp;&nbsp;1224350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94703472 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;332251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52199955 |
| EOG Resources, Inc. | &nbsp;&nbsp;1095768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149594247 |
| EQT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;689662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28855458 |
| Exxon Mobil Corp. | &nbsp;&nbsp;7792294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863464098 |
| Halliburton Co. | &nbsp;&nbsp;1695123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61736380 |
| Hess Corp. | &nbsp;&nbsp;&nbsp;&nbsp;521452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73566448 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Kinder Morgan, Inc. | &nbsp;&nbsp;3709744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67220561 |
| Marathon Oil Corp. | &nbsp;&nbsp;1267200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38586240 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;932322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105930426 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;1393353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101157428 |
| ONEOK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;834830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49522116 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;899435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93802076 |
| Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;446250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114422962 |
| Schlumberger N.V. | &nbsp;&nbsp;2645110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137625073 |
| Targa Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;422758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28903964 |
| The Williams Cos., Inc. | &nbsp;&nbsp;2279470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74607053 |
| Valero Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;736643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92485529 |
|  |  | &nbsp;&nbsp;&nbsp;**3264013655** |
| &nbsp;&nbsp;**Food & Staples Retailing 1.6%** | &nbsp;&nbsp;**Food & Staples Retailing 1.6%** | &nbsp;&nbsp;**Food & Staples Retailing 1.6%** |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp;828178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415331267 |
| Sysco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;952791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82473589 |
| The Kroger Co. | &nbsp;&nbsp;1219153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57653745 |
| Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;1340345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48922593 |
| Walmart, Inc. | &nbsp;&nbsp;2664998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379309165 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**983690359** |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 3.7%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 3.7%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 3.7%** |
| Altria Group, Inc. | &nbsp;&nbsp;3366508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155768325 |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp;1048144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101649005 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;341350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23211800 |
| Campbell Soup Co. | &nbsp;&nbsp;&nbsp;&nbsp;375536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19869610 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;899195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33000456 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;298139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73664184 |
| General Mills, Inc. | &nbsp;&nbsp;1114327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90906797 |
| Hormel Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;542570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25202377 |
| Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp;477222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36660194 |
| Keurig Dr Pepper, Inc. | &nbsp;&nbsp;1590676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61781856 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;268685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23166021 |
| McCormick & Co., Inc. - Non Voting Shares | &nbsp;&nbsp;&nbsp;&nbsp;468846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36870049 |
| Molson Coors Beverage Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;351061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17704006 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;2561677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157491902 |
| Monster Beverage Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;719894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67468466 |
| PepsiCo, Inc. | &nbsp;&nbsp;2580110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468496374 |
| Philip Morris International, Inc. | &nbsp;&nbsp;2898107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266191128 |
| The Coca-Cola Co. | &nbsp;&nbsp;7276485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435497627 |
| The Hershey Co. | &nbsp;&nbsp;&nbsp;&nbsp;274950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65649811 |
| The JM Smucker Co. | &nbsp;&nbsp;&nbsp;&nbsp;199553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30064655 |
| The Kraft Heinz Co. | &nbsp;&nbsp;1487615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57228549 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;540634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36952334 |
|  |  | &nbsp;&nbsp;&nbsp;**2284495526** |
| &nbsp;&nbsp;**Health Care Equipment & Services 6.4%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.4%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.4%** |
| Abbott Laboratories | &nbsp;&nbsp;3273868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323916500 |
| ABIOMED, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21493853 |
| Align Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;136161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26456082 |
| AmerisourceBergen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;290573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45683887 |
| Baxter International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;941912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51192917 |
| Becton, Dickinson & Co. | &nbsp;&nbsp;&nbsp;&nbsp;533079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125790652 |
| Boston Scientific Corp. \* | &nbsp;&nbsp;2676428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115380811 |
| Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;509580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38677122 |
| Centene Corp. \* | &nbsp;&nbsp;1068790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90986093 |
| Cigna Corp. | &nbsp;&nbsp;&nbsp;&nbsp;570526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184314130 |
| CVS Health Corp. | &nbsp;&nbsp;2454666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232456870 |
| DaVita, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;103669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7568874 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;403458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12434576 |
| DexCom, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;734556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88719674 |
| Edwards Lifesciences Corp. \* | &nbsp;&nbsp;1159217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83962087 |
| Elevance Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;448750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245363037 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;402584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87549942 |

---

<sub>34</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Henry Schein, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;253273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17339070 |
| Hologic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;466294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31614733 |
| Humana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;236621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132053448 |
| IDEXX Laboratories, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;155451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55912616 |
| Intuitive Surgical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;667592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164541400 |
| Laboratory Corp. of America Holdings | &nbsp;&nbsp;&nbsp;&nbsp;169040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37503214 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;268742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104640072 |
| Medtronic plc | &nbsp;&nbsp;2483786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216933869 |
| Molina Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;108634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38984397 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;218376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31369712 |
| ResMed, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;274095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61312311 |
| STERIS plc | &nbsp;&nbsp;&nbsp;&nbsp;186855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32247436 |
| Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;629341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144270131 |
| Teleflex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18834077 |
| The Cooper Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25288028 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;1748915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970910162 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;122303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14171249 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;392136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44448616 |
|  |  | &nbsp;&nbsp;&nbsp;**3924321648** |
| &nbsp;&nbsp;**Household & Personal Products 1.6%** | &nbsp;&nbsp;**Household & Personal Products 1.6%** | &nbsp;&nbsp;**Household & Personal Products 1.6%** |
| Church & Dwight Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;455269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33749091 |
| Colgate-Palmolive Co. | &nbsp;&nbsp;1558820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115103269 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;631335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78575954 |
| The Clorox Co. | &nbsp;&nbsp;&nbsp;&nbsp;230166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33613443 |
| The Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;433523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86917026 |
| The Procter & Gamble Co. | &nbsp;&nbsp;4467460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601632838 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**949591621** |
| &nbsp;&nbsp;**Insurance 2.4%** | &nbsp;&nbsp;**Insurance 2.4%** | &nbsp;&nbsp;**Insurance 2.4%** |
| Aflac, Inc. | &nbsp;&nbsp;1076180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70070080 |
| American International Group, Inc. | &nbsp;&nbsp;1422542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81084894 |
| Aon plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;394322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110997700 |
| Arch Capital Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;690182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39685465 |
| Arthur J. Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp;393642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73642545 |
| Assurant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13550541 |
| Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;437896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25743906 |
| Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;780779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167781599 |
| Cincinnati Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;298034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30792873 |
| Everest Re Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23676468 |
| Globe Life, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;169244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19551067 |
| Lincoln National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;288297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15530560 |
| Loews Corp. | &nbsp;&nbsp;&nbsp;&nbsp;372414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21235046 |
| Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;932809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150639326 |
| MetLife, Inc. | &nbsp;&nbsp;1253212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91747651 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;433594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38212639 |
| Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;696059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73218446 |
| The Allstate Corp. | &nbsp;&nbsp;&nbsp;&nbsp;505989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63881111 |
| The Hartford Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;604049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43739188 |
| The Progressive Corp. | &nbsp;&nbsp;1093593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140417341 |
| The Travelers Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;443985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81897473 |
| W.R. Berkley Corp. | &nbsp;&nbsp;&nbsp;&nbsp;382643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28460986 |
| Willis Towers Watson plc | &nbsp;&nbsp;&nbsp;&nbsp;205448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44830808 |
|  |  | &nbsp;&nbsp;&nbsp;**1450387713** |
| &nbsp;&nbsp;**Materials 2.5%** | &nbsp;&nbsp;**Materials 2.5%** | &nbsp;&nbsp;**Materials 2.5%** |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;414796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103864919 |
| Albemarle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;218743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61219604 |
| Amcor plc | &nbsp;&nbsp;2805926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32492623 |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;152062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25782112 |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;588913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29086413 |
| Celanese Corp. | &nbsp;&nbsp;&nbsp;&nbsp;185527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17832855 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;372579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39590245 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Corteva, Inc. | &nbsp;&nbsp;1343990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87816307 |
| Dow, Inc. | &nbsp;&nbsp;1344137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62824963 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;935582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53515290 |
| Eastman Chemical Co. | &nbsp;&nbsp;&nbsp;&nbsp;228608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17559381 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;463717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72836029 |
| FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;235336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27981450 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;2674412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84752116 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;476225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46484322 |
| International Paper Co. | &nbsp;&nbsp;&nbsp;&nbsp;674790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22679692 |
| Linde plc | &nbsp;&nbsp;&nbsp;&nbsp;931893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277098384 |
| LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;&nbsp;&nbsp;475902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36382708 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;116836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39254559 |
| Newmont Corp. | &nbsp;&nbsp;1485270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62856626 |
| Nucor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;488768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64214340 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;175361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21080146 |
| PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;438946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50118854 |
| Sealed Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;272683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12985165 |
| The Mosaic Co. | &nbsp;&nbsp;&nbsp;&nbsp;646023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34723736 |
| The Sherwin-Williams Co. | &nbsp;&nbsp;&nbsp;&nbsp;441011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99240705 |
| Vulcan Materials Co. | &nbsp;&nbsp;&nbsp;&nbsp;248854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40737400 |
| WestRock Co. | &nbsp;&nbsp;&nbsp;&nbsp;474667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16167158 |
|  |  | &nbsp;&nbsp;&nbsp;**1541178102** |
| &nbsp;&nbsp;**Media & Entertainment 6.1%** | &nbsp;&nbsp;**Media & Entertainment 6.1%** | &nbsp;&nbsp;**Media & Entertainment 6.1%** |
| Activision Blizzard, Inc. | &nbsp;&nbsp;1331138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96906847 |
| Alphabet, Inc., Class A \* | 11210938 | &nbsp;&nbsp;&nbsp;&nbsp;1059545750 |
| Alphabet, Inc., Class C \* | 10024769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948944634 |
| Charter Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;207464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76267916 |
| Comcast Corp., Class A | &nbsp;&nbsp;8233311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261325291 |
| DISH Network Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;474787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7079074 |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;494411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62276010 |
| Fox Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;576644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16647712 |
| Fox Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;261864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7122701 |
| Live Nation Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;264422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21050636 |
| Match Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;530677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22925246 |
| Meta Platforms, Inc., Class A \* | &nbsp;&nbsp;4264157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397248866 |
| Netflix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;831459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242686253 |
| News Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;717362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12101897 |
| News Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;225271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3858892 |
| Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;383735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27916721 |
| Paramount Global, Class B | &nbsp;&nbsp;&nbsp;&nbsp;939609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17213637 |
| Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;293115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34728265 |
| The Interpublic Group of Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;732842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21831363 |
| The Walt Disney Co. \* | &nbsp;&nbsp;3408393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363130190 |
| Warner Bros Discovery, Inc. \* | &nbsp;&nbsp;4126456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53643928 |
|  |  | &nbsp;&nbsp;&nbsp;**3754451829** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.8%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.8%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.8%** |
| AbbVie, Inc. | &nbsp;&nbsp;3305660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483948624 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;558775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77306521 |
| Amgen, Inc. | &nbsp;&nbsp;1000025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270356759 |
| Biogen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;271547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76967282 |
| Bio-Rad Laboratories, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14121860 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21673197 |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;3991960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309257141 |
| Catalent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;335553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22055899 |
| Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20241858 |
| Danaher Corp. | &nbsp;&nbsp;1223838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308003309 |
| Eli Lilly & Co. | &nbsp;&nbsp;1474504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533903153 |
| Gilead Sciences, Inc. | &nbsp;&nbsp;2342970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183829426 |
| Illumina, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;294065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67287953 |
| Incyte Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;345992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25721045 |

---

<sub>35</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| IQVIA Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;349038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73182797 |
| Johnson & Johnson | &nbsp;&nbsp;4915583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855163974 |
| Merck & Co., Inc. | &nbsp;&nbsp;4736208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479304250 |
| Mettler-Toledo International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53296561 |
| Moderna, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;629143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94579067 |
| Organon & Co. | &nbsp;&nbsp;&nbsp;&nbsp;478099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12516632 |
| PerkinElmer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;235922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31514461 |
| Pfizer, Inc. | 10493140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488455667 |
| Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;200398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150048002 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;732388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376425460 |
| Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;479464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149592768 |
| Viatris, Inc. | &nbsp;&nbsp;2270485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23000013 |
| Waters Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;111827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33455284 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;138757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31927986 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;875056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131940944 |
|  |  | &nbsp;&nbsp;&nbsp;**5399077893** |
| &nbsp;&nbsp;**Real Estate 2.6%** | &nbsp;&nbsp;**Real Estate 2.6%** | &nbsp;&nbsp;**Real Estate 2.6%** |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;277933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40383665 |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;&nbsp;870636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180387073 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;261081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45720505 |
| Boston Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;266758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19393307 |
| Camden Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;198500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22936675 |
| CBRE Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;600171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42576131 |
| Crown Castle, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;809881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107924742 |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;536649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53799062 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;170336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96485124 |
| Equity Residential | &nbsp;&nbsp;&nbsp;&nbsp;632836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39881325 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;121461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26993493 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;249947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44350596 |
| Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp;135768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13438317 |
| Healthpeak Properties, Inc. | &nbsp;&nbsp;1008708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23936641 |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp;1337062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25243730 |
| Invitation Homes, Inc. | &nbsp;&nbsp;1085313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34393569 |
| Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;544985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27287399 |
| Kimco Realty Corp. | &nbsp;&nbsp;1156229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24720176 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;215239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33889380 |
| Prologis, Inc. | &nbsp;&nbsp;1726555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191215966 |
| Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;295558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91549090 |
| Realty Income Corp. | &nbsp;&nbsp;1155641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71961765 |
| Regency Centers Corp. | &nbsp;&nbsp;&nbsp;&nbsp;289085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17492533 |
| SBA Communications Corp. | &nbsp;&nbsp;&nbsp;&nbsp;202073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54539503 |
| Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;612631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66764526 |
| UDR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;569057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22625706 |
| Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;746322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29203580 |
| VICI Properties, Inc. | &nbsp;&nbsp;1798306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57581758 |
| Vornado Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;300400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7086436 |
| Welltower, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;865130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52807535 |
| Weyerhaeuser Co. | &nbsp;&nbsp;1385349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42848845 |
|  |  | &nbsp;&nbsp;&nbsp;**1609418153** |
| &nbsp;&nbsp;**Retailing 5.8%** | &nbsp;&nbsp;**Retailing 5.8%** | &nbsp;&nbsp;**Retailing 5.8%** |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;113473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21550792 |
| Amazon.com, Inc. \* | 16571504 | &nbsp;&nbsp;&nbsp;&nbsp;1697584870 |
| AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92298147 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;424854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14181627 |
| Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;374874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25645130 |
| CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;297006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18714348 |
| Dollar General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;424477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108262859 |
| Dollar Tree, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;394064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62459144 |
| eBay, Inc. | &nbsp;&nbsp;1026924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40912652 |
| Etsy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;237163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22271977 |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;264890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47113335 |
| LKQ Corp. | &nbsp;&nbsp;&nbsp;&nbsp;485919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27036533 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;1195041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232973243 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;119208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99797361 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22596683 |
| Ross Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;654853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62662884 |
| Target Corp. | &nbsp;&nbsp;&nbsp;&nbsp;867054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142413620 |
| The Home Depot, Inc. | &nbsp;&nbsp;1921638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569054661 |
| The TJX Cos., Inc. | &nbsp;&nbsp;2190858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157960862 |
| Tractor Supply Co. | &nbsp;&nbsp;&nbsp;&nbsp;207454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45592166 |
| Ulta Beauty, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40618501 |
|  |  | &nbsp;&nbsp;&nbsp;**3551701395** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.7%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.7%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.7%** |
| Advanced Micro Devices, Inc. \* | &nbsp;&nbsp;3018117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181268107 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;971651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138576866 |
| Applied Materials, Inc. | &nbsp;&nbsp;1626309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143586822 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;754969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354926026 |
| Enphase Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;253389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77790423 |
| Intel Corp. | &nbsp;&nbsp;7676487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218242525 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;265249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83938046 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;256125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103674277 |
| Microchip Technology, Inc. | &nbsp;&nbsp;1034259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63855151 |
| Micron Technology, Inc. | &nbsp;&nbsp;2062431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111577517 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28229341 |
| NVIDIA Corp. | &nbsp;&nbsp;4681668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631884730 |
| NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp;&nbsp;491383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71781229 |
| ON Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;810232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49772552 |
| Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;191995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16526930 |
| QUALCOMM, Inc. | &nbsp;&nbsp;2099588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247037524 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;299393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25750792 |
| SolarEdge Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;104306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23993509 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;293936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23911693 |
| Texas Instruments, Inc. | &nbsp;&nbsp;1708116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274374673 |
|  |  | &nbsp;&nbsp;&nbsp;**2870698733** |
| &nbsp;&nbsp;**Software & Services 12.7%** | &nbsp;&nbsp;**Software & Services 12.7%** | &nbsp;&nbsp;**Software & Services 12.7%** |
| Accenture plc, Class A | &nbsp;&nbsp;1182673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335760865 |
| Adobe, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;874973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278678900 |
| Akamai Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;296574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26196381 |
| ANSYS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;162790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36002636 |
| Autodesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;406360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87082948 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;776898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187776247 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;218834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32838230 |
| Cadence Design Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;512319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77559973 |
| Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;284748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18847470 |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;969370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60343283 |
| DXC Technology Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;427773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12298474 |
| EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;107223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37528050 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;1136750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94338882 |
| Fiserv, Inc. \* | &nbsp;&nbsp;1195838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122860396 |
| FleetCor Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;140550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26159166 |
| Fortinet, Inc. \* | &nbsp;&nbsp;1224626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69999622 |
| Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;147810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44626795 |
| Global Payments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;518790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59276945 |
| International Business Machines Corp. | &nbsp;&nbsp;1688670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233526174 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;527369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225450247 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;135832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27038718 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;1595261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523532755 |
| Microsoft Corp. | 13944006 | &nbsp;&nbsp;&nbsp;&nbsp;3236822113 |
| NortonLifeLock, Inc. | &nbsp;&nbsp;1109996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25008210 |
| Oracle Corp. | &nbsp;&nbsp;2839915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221712164 |
| Paychex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;599583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70936665 |
| Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31468700 |
| PayPal Holdings, Inc. \* | &nbsp;&nbsp;2162277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180723112 |
| PTC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;196713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23178693 |

---

<sub>36</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;198301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82203697 |
| Salesforce, Inc. \* | &nbsp;&nbsp;1860280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302462925 |
| ServiceNow, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;377653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158893723 |
| Synopsys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;286116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83703236 |
| Tyler Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25176414 |
| VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;174654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35011141 |
| Visa, Inc., Class A | &nbsp;&nbsp;3056991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633286256 |
|  |  | &nbsp;&nbsp;&nbsp;**7728310206** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 8.8%** | &nbsp;&nbsp;**Technology Hardware & Equipment 8.8%** | &nbsp;&nbsp;**Technology Hardware & Equipment 8.8%** |
| Amphenol Corp., Class A | &nbsp;&nbsp;1112181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84336685 |
| Apple Inc. | 28244698 | &nbsp;&nbsp;&nbsp;&nbsp;4331041991 |
| Arista Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;460038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55600193 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;252820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43689824 |
| Cisco Systems, Inc. | &nbsp;&nbsp;7742811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351755904 |
| Corning, Inc. | &nbsp;&nbsp;1421601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45732904 |
| F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;110747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15826854 |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp;2431102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34691825 |
| HP, Inc. | &nbsp;&nbsp;1700377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46964413 |
| Juniper Networks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;602018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18421751 |
| Keysight Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;335974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58509872 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;312226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77965953 |
| NetApp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;411600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28511532 |
| Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;365759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18163592 |
| TE Connectivity Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;598278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73127520 |
| Teledyne Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34853894 |
| Trimble, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;463985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27913338 |
| Western Digital Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;584502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20089334 |
| Zebra Technologies Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27480553 |
|  |  | &nbsp;&nbsp;&nbsp;**5394677932** |
| &nbsp;&nbsp;**Telecommunication Services 1.2%** | &nbsp;&nbsp;**Telecommunication Services 1.2%** | &nbsp;&nbsp;**Telecommunication Services 1.2%** |
| AT&T, Inc. | 13324096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242898270 |
| Lumen Technologies, Inc. | &nbsp;&nbsp;1772767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13047565 |
| T-Mobile US, Inc. \* | &nbsp;&nbsp;1125646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170602908 |
| Verizon Communications, Inc. | &nbsp;&nbsp;7852359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293442656 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**719991399** |
| &nbsp;&nbsp;**Transportation 1.7%** | &nbsp;&nbsp;**Transportation 1.7%** | &nbsp;&nbsp;**Transportation 1.7%** |
| Alaska Air Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;237505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10559472 |
| American Airlines Group, Inc. \* | &nbsp;&nbsp;1215633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17237676 |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;232246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22695079 |
| CSX Corp. | &nbsp;&nbsp;4003360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116337642 |
| Delta Air Lines, Inc. \* | &nbsp;&nbsp;1198575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40667650 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;306169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29958637 |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;447304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71693885 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;155109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26534497 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;439159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100158993 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;171457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47082092 |
| Southwest Airlines Co. \* | &nbsp;&nbsp;1107805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40268712 |
| Union Pacific Corp. | &nbsp;&nbsp;1167587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230178101 |
| United Airlines Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;611594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26347469 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;1367951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229501139 |
|  |  | &nbsp;&nbsp;&nbsp;**1009221044** |
| &nbsp;&nbsp;**Utilities 3.0%** | &nbsp;&nbsp;**Utilities 3.0%** | &nbsp;&nbsp;**Utilities 3.0%** |
| Alliant Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;470604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24551411 |
| Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;483103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39382556 |
| American Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;960699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84464656 |
| American Water Works Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;339494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49342058 |
| Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;262055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27921960 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;1179452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33744122 |
| CMS Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;541406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30887212 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;664019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58407111 |
| Constellation Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;610235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57691617 |
| Dominion Energy, Inc. | &nbsp;&nbsp;1556082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108879057 |
| DTE Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp;362152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40600861 |
| Duke Energy Corp. | &nbsp;&nbsp;1439571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134139226 |
| Edison International | &nbsp;&nbsp;&nbsp;&nbsp;712600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42784504 |
| Entergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;380335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40749092 |
| Evergy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;429171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26235223 |
| Eversource Energy | &nbsp;&nbsp;&nbsp;&nbsp;646776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49336073 |
| Exelon Corp. | &nbsp;&nbsp;1855471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71602626 |
| FirstEnergy Corp. | &nbsp;&nbsp;1014697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38264224 |
| NextEra Energy, Inc. | &nbsp;&nbsp;3673570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284701675 |
| NiSource, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;759802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19519313 |
| NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;437620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19430328 |
| PG&E Corp. \* | &nbsp;&nbsp;3014434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45005500 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp;210365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14138632 |
| PPL Corp. | &nbsp;&nbsp;1378573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36518399 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;933885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52362932 |
| Sempra Energy | &nbsp;&nbsp;&nbsp;&nbsp;587728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88711664 |
| The AES Corp. | &nbsp;&nbsp;1250130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32703401 |
| The Southern Co. | &nbsp;&nbsp;1987464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130139143 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;588996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53793005 |
| Xcel Energy, Inc. | &nbsp;&nbsp;1023703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66653302 |
|  |  | &nbsp;&nbsp;&nbsp;**1802660883** |
| **Total Common Stocks<br> (Cost $30,115,261,432)** | **Total Common Stocks<br> (Cost $30,115,261,432)** | **60838061696** |
| **Total Investments in Securities<br> (Cost $30,115,261,432)** | **Total Investments in Securities<br> (Cost $30,115,261,432)** | **60838061696** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| S&P 500 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230650200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8073980** |

---

\* Non-income producing security. <br> *(a)* Issuer is affiliated with the fund's investment adviser.

Below is a summary of the fund's transactions with affiliated issuers during the period ended October 31, 2022:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 10/31/21 | PURCHASES | SALES | REALIZED <br> GAINS (LOSSES) | NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) | VALUE AT<br> 10/31/22 | BALANCE <br> OF SHARES<br> HELD AT<br> 10/31/22 | DIVIDENDS <br> RECEIVED |
| **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** |
| **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** |
| The Charles Schwab Corp. | $210537870 | $21918562 | ($445373) | ($5215) | ($5452567) | **$226553277** | 2843646 | $2159346 |

---

<sub>37</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$60838061696 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$60838061696 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8073980 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8073980 |
| **Total** | **$60846135676** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$60846135676** |

---

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

<sub>38</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated (cost $92,203,920) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$226553277 |
| Investments in securities, at value - unaffiliated (cost $30,023,057,512) |  | &nbsp;&nbsp;&nbsp;60611508419 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344194263 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18900000 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59214222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44815579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**61305186960** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments bought |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152291357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82061073 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1560103 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930633 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**236843166** |
| **Net assets** |  | **$61068343794** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;$30062293837 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;31006049957 |
| **Net assets** |  | **$61068343794** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $61068343794 |  | 1017497203 |  | $60.02 |

---

<sub>39</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $222,410) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$977922706 |
| Dividends received from securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2159346 |
| Interest received from securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1283070 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22236 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**981387358** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12965469 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1474631 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14440100** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**966947258** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5215) |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(116133262) |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46274693) |
| **Net realized losses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(162413170)** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5452567) |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;(11085028625) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6755572) |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(11097236764)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(11259649934)** |
| **Decrease in net assets resulting from operations** |  | **($10292702676)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

<sub>40</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab S&P 500 Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$966947258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$819770960 |
| Net realized gains (losses) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(162413170) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171562608 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;&nbsp;(11097236764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18463816059 |
| **Increase (decrease) in net assets resulting from operations** |  | **($10292702676)** | &nbsp;&nbsp;&nbsp;**$19455149627** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;&nbsp;**($892809698)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**($913293066)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;210459089 | &nbsp;&nbsp;&nbsp;&nbsp;$13861852248 | &nbsp;&nbsp;&nbsp;&nbsp;196724074 | &nbsp;&nbsp;&nbsp;&nbsp;$12273054924 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10113772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728899804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13207873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748622260 |
| Shares redeemed | + | &nbsp;&nbsp;&nbsp;(149593128) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9738121330) | &nbsp;&nbsp;&nbsp;(133977878) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8346566792) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;&nbsp;**70979733** | &nbsp;&nbsp;&nbsp;&nbsp;**$4852630722** | &nbsp;&nbsp;&nbsp;&nbsp;**75954069** | &nbsp;&nbsp;&nbsp;&nbsp;**$4675110392** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;&nbsp;&nbsp;946517470 | &nbsp;&nbsp;&nbsp;&nbsp;$67401225446 | &nbsp;&nbsp;&nbsp;&nbsp;870563401 | &nbsp;&nbsp;&nbsp;&nbsp;$44184258493 |
| Total increase (decrease) | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70979733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6332881652) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75954069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23216966953 |
| **End of period** |  | **1017497203** | &nbsp;&nbsp;&nbsp;**$61068343794** | &nbsp;&nbsp;&nbsp;**946517470** | &nbsp;&nbsp;&nbsp;**$67401225446** |

---

<sub>41</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/17– <br> 10/31/18 |
| **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;$102.69 | &nbsp;&nbsp;&nbsp;&nbsp;$73.73 | &nbsp;&nbsp;$68.68 | &nbsp;&nbsp;$64.19 | &nbsp;&nbsp;$62.61 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.24 | &nbsp;&nbsp;&nbsp;&nbsp;1.38 | &nbsp;&nbsp;&nbsp;&nbsp;1.38 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;(18.14) | &nbsp;&nbsp;&nbsp;&nbsp;30.02 | &nbsp;&nbsp;&nbsp;&nbsp;5.81 | &nbsp;&nbsp;&nbsp;&nbsp;6.73 | &nbsp;&nbsp;&nbsp;&nbsp;3.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16.85) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.23 |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.42) | &nbsp;&nbsp;&nbsp;&nbsp;(1.29) | &nbsp;&nbsp;&nbsp;&nbsp;(1.28) | &nbsp;&nbsp;&nbsp;&nbsp;(1.10) |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.58) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.88) | &nbsp;&nbsp;&nbsp;&nbsp;(0.85) | &nbsp;&nbsp;&nbsp;&nbsp;(2.34) | &nbsp;&nbsp;&nbsp;&nbsp;(1.55) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.81) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.30) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.62) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.65) |
| Net asset value at end of period | &nbsp;&nbsp;&nbsp;&nbsp;$84.03 | &nbsp;&nbsp;$102.69 | &nbsp;&nbsp;$73.73 | &nbsp;&nbsp;$68.68 | &nbsp;&nbsp;$64.19 |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp;(16.73%) | &nbsp;&nbsp;&nbsp;&nbsp;43.16% | &nbsp;&nbsp;&nbsp;&nbsp;10.60% | &nbsp;&nbsp;&nbsp;&nbsp;14.20% | &nbsp;&nbsp;&nbsp;&nbsp;6.84% |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05% <sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05% | &nbsp;&nbsp;&nbsp;&nbsp;0.05% | &nbsp;&nbsp;&nbsp;&nbsp;0.05% | &nbsp;&nbsp;&nbsp;&nbsp;0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.40% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.36% | &nbsp;&nbsp;&nbsp;&nbsp;1.97% | &nbsp;&nbsp;&nbsp;&nbsp;2.15% | &nbsp;&nbsp;&nbsp;&nbsp;1.82% |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4% |
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp;$11888 | &nbsp;&nbsp;$14222 | &nbsp;&nbsp;$9774 | &nbsp;&nbsp;$9346 | &nbsp;&nbsp;$7909 |

---

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

<sup>2</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>3</sup> Portfolio turnover rate excludes in-kind transactions.

<sub>42</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 99.5% OF NET ASSETS** | **COMMON STOCKS 99.5% OF NET ASSETS** | **COMMON STOCKS 99.5% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 2.2%** | &nbsp;&nbsp;**Automobiles & Components 2.2%** | &nbsp;&nbsp;**Automobiles & Components 2.2%** |
| Aptiv plc \* | &nbsp;&nbsp;&nbsp;&nbsp;88348 | &nbsp;&nbsp;&nbsp;&nbsp;8045852 |
| Autoliv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25769 | &nbsp;&nbsp;&nbsp;&nbsp;2070539 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76930 | &nbsp;&nbsp;&nbsp;&nbsp;2887183 |
| Ford Motor Co. | 1289595 | &nbsp;&nbsp;&nbsp;&nbsp;17241885 |
| General Motors Co. | &nbsp;&nbsp;&nbsp;476059 | &nbsp;&nbsp;&nbsp;&nbsp;18685316 |
| Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;77278 | &nbsp;&nbsp;&nbsp;&nbsp;2047094 |
| Harley-Davidson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43452 | &nbsp;&nbsp;&nbsp;&nbsp;1868436 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19253 | &nbsp;&nbsp;&nbsp;&nbsp;2670584 |
| Lucid Group, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;191372 | &nbsp;&nbsp;&nbsp;&nbsp;2734706 |
| Rivian Automotive, Inc., Class A \* | &nbsp;&nbsp;&nbsp;178128 | &nbsp;&nbsp;&nbsp;&nbsp;6229136 |
| Tesla, Inc. \* | &nbsp;&nbsp;&nbsp;869582 | &nbsp;&nbsp;197864688 |
| Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17868 | &nbsp;&nbsp;&nbsp;&nbsp;1455706 |
|  |  | **263801125** |
| &nbsp;&nbsp;**Banks 4.0%** | &nbsp;&nbsp;**Banks 4.0%** | &nbsp;&nbsp;**Banks 4.0%** |
| Bank of America Corp. | 2282382 | &nbsp;&nbsp;&nbsp;&nbsp;82257047 |
| Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;35969 | &nbsp;&nbsp;&nbsp;&nbsp;1545948 |
| BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9558 | &nbsp;&nbsp;&nbsp;&nbsp;1053196 |
| Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp;59396 | &nbsp;&nbsp;&nbsp;&nbsp;1642299 |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;632223 | &nbsp;&nbsp;&nbsp;&nbsp;28993747 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;161661 | &nbsp;&nbsp;&nbsp;&nbsp;6611935 |
| Comerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42559 | &nbsp;&nbsp;&nbsp;&nbsp;3000409 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35445 | &nbsp;&nbsp;&nbsp;&nbsp;2510924 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20943 | &nbsp;&nbsp;&nbsp;&nbsp;3247212 |
| East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45840 | &nbsp;&nbsp;&nbsp;&nbsp;3280769 |
| Essent Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;35671 | &nbsp;&nbsp;&nbsp;&nbsp;1411858 |
| F.N.B. Corp. | &nbsp;&nbsp;&nbsp;114430 | &nbsp;&nbsp;&nbsp;&nbsp;1653513 |
| Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;223616 | &nbsp;&nbsp;&nbsp;&nbsp;7980855 |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4312 | &nbsp;&nbsp;&nbsp;&nbsp;3544981 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42182 | &nbsp;&nbsp;&nbsp;&nbsp;1623585 |
| First Horizon Corp. | &nbsp;&nbsp;&nbsp;175717 | &nbsp;&nbsp;&nbsp;&nbsp;4306824 |
| First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;29610 | &nbsp;&nbsp;&nbsp;&nbsp;1350512 |
| First Republic Bank | &nbsp;&nbsp;&nbsp;&nbsp;59762 | &nbsp;&nbsp;&nbsp;&nbsp;7177416 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36125 | &nbsp;&nbsp;&nbsp;&nbsp;2069240 |
| Home BancShares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62038 | &nbsp;&nbsp;&nbsp;&nbsp;1581349 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp;471347 | &nbsp;&nbsp;&nbsp;&nbsp;7155047 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;957436 | &nbsp;&nbsp;120522044 |
| KeyCorp | &nbsp;&nbsp;&nbsp;303910 | &nbsp;&nbsp;&nbsp;&nbsp;5430872 |
| M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57376 | &nbsp;&nbsp;&nbsp;&nbsp;9660397 |
| MGIC Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;98427 | &nbsp;&nbsp;&nbsp;&nbsp;1343529 |
| New York Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp;153235 | &nbsp;&nbsp;&nbsp;&nbsp;1426618 |
| Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;95535 | &nbsp;&nbsp;&nbsp;&nbsp;1868665 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25092 | &nbsp;&nbsp;&nbsp;&nbsp;2082385 |
| Popular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24436 | &nbsp;&nbsp;&nbsp;&nbsp;1728114 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29960 | &nbsp;&nbsp;&nbsp;&nbsp;2144237 |
| Regions Financial Corp. | &nbsp;&nbsp;&nbsp;304749 | &nbsp;&nbsp;&nbsp;&nbsp;6689241 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15982 | &nbsp;&nbsp;&nbsp;&nbsp;1203924 |
| Signature Bank | &nbsp;&nbsp;&nbsp;&nbsp;20442 | &nbsp;&nbsp;&nbsp;&nbsp;3240670 |
| SouthState Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24727 | &nbsp;&nbsp;&nbsp;&nbsp;2236063 |
| SVB Financial Group \* | &nbsp;&nbsp;&nbsp;&nbsp;19238 | &nbsp;&nbsp;&nbsp;&nbsp;4443208 |
| Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47027 | &nbsp;&nbsp;&nbsp;&nbsp;1874026 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;133950 | &nbsp;&nbsp;&nbsp;&nbsp;21677128 |
| Truist Financial Corp. | &nbsp;&nbsp;&nbsp;433254 | &nbsp;&nbsp;&nbsp;&nbsp;19405447 |
| U.S. Bancorp | &nbsp;&nbsp;&nbsp;441633 | &nbsp;&nbsp;&nbsp;&nbsp;18747321 |
| UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14165 | &nbsp;&nbsp;&nbsp;&nbsp;1178811 |
| United Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43908 | &nbsp;&nbsp;&nbsp;&nbsp;1859504 |
| Valley National Bancorp | &nbsp;&nbsp;&nbsp;137143 | &nbsp;&nbsp;&nbsp;&nbsp;1627887 |
| Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57341 | &nbsp;&nbsp;&nbsp;&nbsp;3111323 |
| Wells Fargo & Co. | 1238401 | &nbsp;&nbsp;&nbsp;&nbsp;56954062 |
| Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;35470 | &nbsp;&nbsp;&nbsp;&nbsp;2382520 |
| Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19780 | &nbsp;&nbsp;&nbsp;&nbsp;1851804 |
| Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;49477 | &nbsp;&nbsp;&nbsp;&nbsp;2569835 |
|  |  | **471258301** |
| &nbsp;&nbsp;**Capital Goods 6.1%** | &nbsp;&nbsp;**Capital Goods 6.1%** | &nbsp;&nbsp;**Capital Goods 6.1%** |
| 3M Co. | &nbsp;&nbsp;&nbsp;180747 | &nbsp;&nbsp;&nbsp;&nbsp;22736165 |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41669 | &nbsp;&nbsp;&nbsp;&nbsp;2282628 |
| Acuity Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10678 | &nbsp;&nbsp;&nbsp;&nbsp;1960160 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20966 | &nbsp;&nbsp;&nbsp;&nbsp;2429540 |
| AECOM | &nbsp;&nbsp;&nbsp;&nbsp;45526 | &nbsp;&nbsp;&nbsp;&nbsp;3427197 |
| AGCO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20208 | &nbsp;&nbsp;&nbsp;&nbsp;2509227 |
| Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;28759 | &nbsp;&nbsp;&nbsp;&nbsp;3013080 |
| AMETEK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75058 | &nbsp;&nbsp;&nbsp;&nbsp;9732020 |
| Axon Enterprise, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22044 | &nbsp;&nbsp;&nbsp;&nbsp;3206079 |
| Bloom Energy Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;57569 | &nbsp;&nbsp;&nbsp;&nbsp;1077116 |
| Builders FirstSource, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51004 | &nbsp;&nbsp;&nbsp;&nbsp;3144907 |
| BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29879 | &nbsp;&nbsp;&nbsp;&nbsp;1702505 |
| Carlisle Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16831 | &nbsp;&nbsp;&nbsp;&nbsp;4019243 |
| Carrier Global Corp. | &nbsp;&nbsp;&nbsp;275037 | &nbsp;&nbsp;&nbsp;&nbsp;10935471 |
| Caterpillar, Inc. | &nbsp;&nbsp;&nbsp;172342 | &nbsp;&nbsp;&nbsp;&nbsp;37305149 |
| ChargePoint Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;84637 | &nbsp;&nbsp;&nbsp;&nbsp;1183225 |
| Chart Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11679 | &nbsp;&nbsp;&nbsp;&nbsp;2603016 |
| Crane Holdings Co. | &nbsp;&nbsp;&nbsp;&nbsp;15679 | &nbsp;&nbsp;&nbsp;&nbsp;1573231 |
| Cummins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46016 | &nbsp;&nbsp;&nbsp;&nbsp;11251372 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12541 | &nbsp;&nbsp;&nbsp;&nbsp;2104756 |
| Deere & Co. | &nbsp;&nbsp;&nbsp;&nbsp;90800 | &nbsp;&nbsp;&nbsp;&nbsp;35940456 |
| Donaldson Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40632 | &nbsp;&nbsp;&nbsp;&nbsp;2334308 |
| Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;46783 | &nbsp;&nbsp;&nbsp;&nbsp;6114070 |
| Eaton Corp. plc | &nbsp;&nbsp;&nbsp;130116 | &nbsp;&nbsp;&nbsp;&nbsp;19526508 |
| EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16055 | &nbsp;&nbsp;&nbsp;&nbsp;2265360 |
| Emerson Electric Co. | &nbsp;&nbsp;&nbsp;193224 | &nbsp;&nbsp;&nbsp;&nbsp;16733198 |
| Evoqua Water Technologies Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;39594 | &nbsp;&nbsp;&nbsp;&nbsp;1551293 |
| Fastenal Co. | &nbsp;&nbsp;&nbsp;187755 | &nbsp;&nbsp;&nbsp;&nbsp;9074199 |
| Fortive Corp. | &nbsp;&nbsp;&nbsp;116194 | &nbsp;&nbsp;&nbsp;&nbsp;7424797 |
| Fortune Brands Home & Security, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41852 | &nbsp;&nbsp;&nbsp;&nbsp;2524513 |
| Generac Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20737 | &nbsp;&nbsp;&nbsp;&nbsp;2403626 |
| General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;73398 | &nbsp;&nbsp;&nbsp;&nbsp;18334820 |
| General Electric Co. | &nbsp;&nbsp;&nbsp;358119 | &nbsp;&nbsp;&nbsp;&nbsp;27865239 |
| Graco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55441 | &nbsp;&nbsp;&nbsp;&nbsp;3857585 |
| HEICO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12866 | &nbsp;&nbsp;&nbsp;&nbsp;2092526 |
| HEICO Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;22829 | &nbsp;&nbsp;&nbsp;&nbsp;2906132 |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;27397 | &nbsp;&nbsp;&nbsp;&nbsp;1526013 |
| Honeywell International, Inc. | &nbsp;&nbsp;&nbsp;219913 | &nbsp;&nbsp;&nbsp;&nbsp;44866650 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp;120763 | &nbsp;&nbsp;&nbsp;&nbsp;4293125 |
| Hubbell, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17438 | &nbsp;&nbsp;&nbsp;&nbsp;4141176 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13066 | &nbsp;&nbsp;&nbsp;&nbsp;3358877 |
| IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24633 | &nbsp;&nbsp;&nbsp;&nbsp;5476162 |

---

<sub>43</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

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| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;92018 | &nbsp;&nbsp;&nbsp;&nbsp;19648604 |
| Ingersoll Rand, Inc. | 131694 | &nbsp;&nbsp;&nbsp;&nbsp;6650547 |
| ITT, Inc. | &nbsp;&nbsp;27189 | &nbsp;&nbsp;&nbsp;&nbsp;2076968 |
| Johnson Controls International plc | 225026 | &nbsp;&nbsp;&nbsp;&nbsp;13015504 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;62471 | &nbsp;&nbsp;&nbsp;&nbsp;15397227 |
| Lennox International, Inc. | &nbsp;&nbsp;10522 | &nbsp;&nbsp;&nbsp;&nbsp;2457624 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;18801 | &nbsp;&nbsp;&nbsp;&nbsp;2669742 |
| Lockheed Martin Corp. | &nbsp;&nbsp;77019 | &nbsp;&nbsp;&nbsp;&nbsp;37483607 |
| Masco Corp. | &nbsp;&nbsp;73638 | &nbsp;&nbsp;&nbsp;&nbsp;3407230 |
| MasTec, Inc. \* | &nbsp;&nbsp;19359 | &nbsp;&nbsp;&nbsp;&nbsp;1492192 |
| MDU Resources Group, Inc. | &nbsp;&nbsp;66130 | &nbsp;&nbsp;&nbsp;&nbsp;1883382 |
| Nordson Corp. | &nbsp;&nbsp;17697 | &nbsp;&nbsp;&nbsp;&nbsp;3981825 |
| Northrop Grumman Corp. | &nbsp;&nbsp;47468 | &nbsp;&nbsp;&nbsp;&nbsp;26060407 |
| nVent Electric plc | &nbsp;&nbsp;54686 | &nbsp;&nbsp;&nbsp;&nbsp;1996039 |
| Oshkosh Corp. | &nbsp;&nbsp;21236 | &nbsp;&nbsp;&nbsp;&nbsp;1868768 |
| Otis Worldwide Corp. | 137316 | &nbsp;&nbsp;&nbsp;&nbsp;9700002 |
| Owens Corning | &nbsp;&nbsp;31289 | &nbsp;&nbsp;&nbsp;&nbsp;2678651 |
| PACCAR, Inc. | 113489 | &nbsp;&nbsp;&nbsp;&nbsp;10989140 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;41899 | &nbsp;&nbsp;&nbsp;&nbsp;12176687 |
| Parsons Corp. \* | &nbsp;&nbsp;10807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506632 |
| Pentair plc | &nbsp;&nbsp;54001 | &nbsp;&nbsp;&nbsp;&nbsp;2319343 |
| Plug Power, Inc. \* | 169236 | &nbsp;&nbsp;&nbsp;&nbsp;2704391 |
| Quanta Services, Inc. | &nbsp;&nbsp;46771 | &nbsp;&nbsp;&nbsp;&nbsp;6643353 |
| Raytheon Technologies Corp. | 481802 | &nbsp;&nbsp;&nbsp;&nbsp;45684466 |
| RBC Bearings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9507 | &nbsp;&nbsp;&nbsp;&nbsp;2410310 |
| Regal Rexnord Corp. | &nbsp;&nbsp;21695 | &nbsp;&nbsp;&nbsp;&nbsp;2745285 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;37727 | &nbsp;&nbsp;&nbsp;&nbsp;9631703 |
| Sensata Technologies Holding plc | &nbsp;&nbsp;50322 | &nbsp;&nbsp;&nbsp;&nbsp;2023448 |
| SiteOne Landscape Supply, Inc. \* | &nbsp;&nbsp;14826 | &nbsp;&nbsp;&nbsp;&nbsp;1717889 |
| Snap-on, Inc. | &nbsp;&nbsp;17359 | &nbsp;&nbsp;&nbsp;&nbsp;3854566 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;48259 | &nbsp;&nbsp;&nbsp;&nbsp;3787849 |
| Sunrun, Inc. \* | &nbsp;&nbsp;69213 | &nbsp;&nbsp;&nbsp;&nbsp;1557985 |
| Textron, Inc. | &nbsp;&nbsp;69062 | &nbsp;&nbsp;&nbsp;&nbsp;4726603 |
| The Boeing Co. \* | 182282 | &nbsp;&nbsp;&nbsp;&nbsp;25977008 |
| The Middleby Corp. \* | &nbsp;&nbsp;17694 | &nbsp;&nbsp;&nbsp;&nbsp;2474683 |
| The Timken Co. | &nbsp;&nbsp;21865 | &nbsp;&nbsp;&nbsp;&nbsp;1558756 |
| The Toro Co. | &nbsp;&nbsp;33978 | &nbsp;&nbsp;&nbsp;&nbsp;3582301 |
| Trane Technologies plc | &nbsp;&nbsp;75718 | &nbsp;&nbsp;&nbsp;&nbsp;12086864 |
| TransDigm Group, Inc. | &nbsp;&nbsp;16839 | &nbsp;&nbsp;&nbsp;&nbsp;9695223 |
| Trex Co., Inc. \* | &nbsp;&nbsp;35957 | &nbsp;&nbsp;&nbsp;&nbsp;1729172 |
| UFP Industries, Inc. | &nbsp;&nbsp;20143 | &nbsp;&nbsp;&nbsp;&nbsp;1434786 |
| United Rentals, Inc. \* | &nbsp;&nbsp;22860 | &nbsp;&nbsp;&nbsp;&nbsp;7217131 |
| Univar Solutions, Inc. \* | &nbsp;&nbsp;54393 | &nbsp;&nbsp;&nbsp;&nbsp;1385934 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6963 | &nbsp;&nbsp;&nbsp;&nbsp;2222729 |
| Vertiv Holdings Co. | &nbsp;&nbsp;99551 | &nbsp;&nbsp;&nbsp;&nbsp;1424575 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;14743 | &nbsp;&nbsp;&nbsp;&nbsp;8615072 |
| Watsco, Inc. | &nbsp;&nbsp;10829 | &nbsp;&nbsp;&nbsp;&nbsp;2934226 |
| WESCO International, Inc. \* | &nbsp;&nbsp;14563 | &nbsp;&nbsp;&nbsp;&nbsp;2006345 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;59247 | &nbsp;&nbsp;&nbsp;&nbsp;5526560 |
| WillScot Mobile Mini Holdings Corp. \* | &nbsp;&nbsp;69747 | &nbsp;&nbsp;&nbsp;&nbsp;2966340 |
| Woodward, Inc. | &nbsp;&nbsp;19749 | &nbsp;&nbsp;&nbsp;&nbsp;1810983 |
| Xylem, Inc. | &nbsp;&nbsp;58718 | &nbsp;&nbsp;&nbsp;&nbsp;6014485 |
| Zurn Water Solutions Corp. | &nbsp;&nbsp;47551 | &nbsp;&nbsp;&nbsp;&nbsp;1116973 |
|  |  | **720534835** |
| &nbsp;&nbsp;**Commercial & Professional Services 1.1%** | &nbsp;&nbsp;**Commercial & Professional Services 1.1%** | &nbsp;&nbsp;**Commercial & Professional Services 1.1%** |
| ASGN, Inc. \* | &nbsp;&nbsp;16586 | &nbsp;&nbsp;&nbsp;&nbsp;1406161 |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;43342 | &nbsp;&nbsp;&nbsp;&nbsp;4717777 |
| CACI International, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7688 | &nbsp;&nbsp;&nbsp;&nbsp;2337383 |
| Casella Waste Systems, Inc., Class A \* | &nbsp;&nbsp;16536 | &nbsp;&nbsp;&nbsp;&nbsp;1352810 |
| Cintas Corp. | &nbsp;&nbsp;28102 | &nbsp;&nbsp;&nbsp;&nbsp;12015010 |
| Clarivate plc \* | 140745 | &nbsp;&nbsp;&nbsp;&nbsp;1453896 |
| Clean Harbors, Inc. \* | &nbsp;&nbsp;16507 | &nbsp;&nbsp;&nbsp;&nbsp;2021447 |
| Copart, Inc. \* | &nbsp;&nbsp;69722 | &nbsp;&nbsp;&nbsp;&nbsp;8019424 |
| CoStar Group, Inc. \* | 129274 | &nbsp;&nbsp;&nbsp;&nbsp;10693545 |
| Driven Brands Holdings, Inc. \* | &nbsp;&nbsp;17974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574809 |

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| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Dun & Bradstreet Holdings, Inc. | &nbsp;&nbsp;70789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909639 |
| Equifax, Inc. | &nbsp;&nbsp;39878 | &nbsp;&nbsp;&nbsp;&nbsp;6760916 |
| Exponent, Inc. | &nbsp;&nbsp;16538 | &nbsp;&nbsp;&nbsp;&nbsp;1575410 |
| FTI Consulting, Inc. \* | &nbsp;&nbsp;11303 | &nbsp;&nbsp;&nbsp;&nbsp;1759086 |
| IAA, Inc. \* | &nbsp;&nbsp;43310 | &nbsp;&nbsp;&nbsp;&nbsp;1642748 |
| Insperity, Inc. | &nbsp;&nbsp;11710 | &nbsp;&nbsp;&nbsp;&nbsp;1382014 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;41730 | &nbsp;&nbsp;&nbsp;&nbsp;4808131 |
| KBR, Inc. | &nbsp;&nbsp;45175 | &nbsp;&nbsp;&nbsp;&nbsp;2248360 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;44485 | &nbsp;&nbsp;&nbsp;&nbsp;4519231 |
| MSA Safety, Inc. | &nbsp;&nbsp;12118 | &nbsp;&nbsp;&nbsp;&nbsp;1626720 |
| Republic Services, Inc. | &nbsp;&nbsp;67166 | &nbsp;&nbsp;&nbsp;&nbsp;8907555 |
| Robert Half International, Inc. | &nbsp;&nbsp;35630 | &nbsp;&nbsp;&nbsp;&nbsp;2724270 |
| Rollins, Inc. | &nbsp;&nbsp;75436 | &nbsp;&nbsp;&nbsp;&nbsp;3174347 |
| Science Applications International Corp. | &nbsp;&nbsp;18220 | &nbsp;&nbsp;&nbsp;&nbsp;1973955 |
| Stericycle, Inc. \* | &nbsp;&nbsp;29791 | &nbsp;&nbsp;&nbsp;&nbsp;1328083 |
| Tetra Tech, Inc. | &nbsp;&nbsp;17323 | &nbsp;&nbsp;&nbsp;&nbsp;2447393 |
| TransUnion | &nbsp;&nbsp;63137 | &nbsp;&nbsp;&nbsp;&nbsp;3742130 |
| TriNet Group, Inc. \* | &nbsp;&nbsp;11827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768518 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;51146 | &nbsp;&nbsp;&nbsp;&nbsp;9351023 |
| Waste Management, Inc. | 122808 | &nbsp;&nbsp;&nbsp;&nbsp;19449103 |
|  |  | **125690894** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 0.9%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.9%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.9%** |
| Brunswick Corp. | &nbsp;&nbsp;24452 | &nbsp;&nbsp;&nbsp;&nbsp;1728023 |
| Capri Holdings Ltd. \* | &nbsp;&nbsp;45089 | &nbsp;&nbsp;&nbsp;&nbsp;2059666 |
| Columbia Sportswear Co. | &nbsp;&nbsp;11637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866957 |
| Crocs, Inc. \* | &nbsp;&nbsp;20274 | &nbsp;&nbsp;&nbsp;&nbsp;1434386 |
| D.R. Horton, Inc. | 103358 | &nbsp;&nbsp;&nbsp;&nbsp;7946163 |
| Deckers Outdoor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8666 | &nbsp;&nbsp;&nbsp;&nbsp;3032493 |
| Garmin Ltd. | &nbsp;&nbsp;50270 | &nbsp;&nbsp;&nbsp;&nbsp;4425771 |
| Hasbro, Inc. | &nbsp;&nbsp;42303 | &nbsp;&nbsp;&nbsp;&nbsp;2760271 |
| Leggett & Platt, Inc. | &nbsp;&nbsp;43871 | &nbsp;&nbsp;&nbsp;&nbsp;1480646 |
| Lennar Corp., Class A | &nbsp;&nbsp;82952 | &nbsp;&nbsp;&nbsp;&nbsp;6694226 |
| Lululemon Athletica, Inc. \* | &nbsp;&nbsp;37956 | &nbsp;&nbsp;&nbsp;&nbsp;12489042 |
| Mattel, Inc. \* | 115874 | &nbsp;&nbsp;&nbsp;&nbsp;2196971 |
| Mohawk Industries, Inc. \* | &nbsp;&nbsp;17384 | &nbsp;&nbsp;&nbsp;&nbsp;1647134 |
| Newell Brands, Inc. | 123952 | &nbsp;&nbsp;&nbsp;&nbsp;1711777 |
| NIKE, Inc., Class B | 412438 | &nbsp;&nbsp;&nbsp;&nbsp;38224754 |
| NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1003 | &nbsp;&nbsp;&nbsp;&nbsp;4250463 |
| Polaris, Inc. | &nbsp;&nbsp;18384 | &nbsp;&nbsp;&nbsp;&nbsp;1867814 |
| PulteGroup, Inc. | &nbsp;&nbsp;75744 | &nbsp;&nbsp;&nbsp;&nbsp;3029003 |
| Skechers U.S.A., Inc., Class A \* | &nbsp;&nbsp;44306 | &nbsp;&nbsp;&nbsp;&nbsp;1525456 |
| Tapestry, Inc. | &nbsp;&nbsp;82583 | &nbsp;&nbsp;&nbsp;&nbsp;2616229 |
| Tempur Sealy International, Inc. | &nbsp;&nbsp;56742 | &nbsp;&nbsp;&nbsp;&nbsp;1525792 |
| Toll Brothers, Inc. | &nbsp;&nbsp;34931 | &nbsp;&nbsp;&nbsp;&nbsp;1504828 |
| TopBuild Corp. \* | &nbsp;&nbsp;10503 | &nbsp;&nbsp;&nbsp;&nbsp;1786980 |
| VF Corp. | 107903 | &nbsp;&nbsp;&nbsp;&nbsp;3048260 |
| Whirlpool Corp. | &nbsp;&nbsp;17810 | &nbsp;&nbsp;&nbsp;&nbsp;2462054 |
|  |  | **112315159** |
| &nbsp;&nbsp;**Consumer Services 2.2%** | &nbsp;&nbsp;**Consumer Services 2.2%** | &nbsp;&nbsp;**Consumer Services 2.2%** |
| ADT, Inc. | &nbsp;&nbsp;69869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591092 |
| Airbnb, Inc., Class A \* | 130387 | &nbsp;&nbsp;&nbsp;&nbsp;13939674 |
| Aramark | &nbsp;&nbsp;84397 | &nbsp;&nbsp;&nbsp;&nbsp;3080491 |
| Booking Holdings, Inc. \* | &nbsp;&nbsp;12965 | &nbsp;&nbsp;&nbsp;&nbsp;24237808 |
| Boyd Gaming Corp. | &nbsp;&nbsp;26622 | &nbsp;&nbsp;&nbsp;&nbsp;1537687 |
| Caesars Entertainment, Inc. \* | &nbsp;&nbsp;69957 | &nbsp;&nbsp;&nbsp;&nbsp;3059220 |
| Carnival Corp. \* | 321366 | &nbsp;&nbsp;&nbsp;&nbsp;2911576 |
| Chipotle Mexican Grill, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9071 | &nbsp;&nbsp;&nbsp;&nbsp;13591351 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9523 | &nbsp;&nbsp;&nbsp;&nbsp;1236466 |
| Churchill Downs, Inc. | &nbsp;&nbsp;10858 | &nbsp;&nbsp;&nbsp;&nbsp;2257487 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;40066 | &nbsp;&nbsp;&nbsp;&nbsp;5735047 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;11670 | &nbsp;&nbsp;&nbsp;&nbsp;3877241 |
| DraftKings, Inc., Class A \* | 146478 | &nbsp;&nbsp;&nbsp;&nbsp;2314352 |
| Expedia Group, Inc. \* | &nbsp;&nbsp;49520 | &nbsp;&nbsp;&nbsp;&nbsp;4628634 |

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<sub>44</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

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| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| H&R Block, Inc. | &nbsp;&nbsp;52270 | &nbsp;&nbsp;&nbsp;&nbsp;2150911 |
| Hilton Grand Vacations, Inc. \* | &nbsp;&nbsp;26584 | &nbsp;&nbsp;&nbsp;&nbsp;1043156 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;89625 | &nbsp;&nbsp;&nbsp;&nbsp;12122678 |
| Hyatt Hotels Corp., Class A \* | &nbsp;&nbsp;16401 | &nbsp;&nbsp;&nbsp;&nbsp;1545138 |
| Las Vegas Sands Corp. \* | 107433 | &nbsp;&nbsp;&nbsp;&nbsp;4083528 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;90108 | &nbsp;&nbsp;&nbsp;&nbsp;14427192 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;12849 | &nbsp;&nbsp;&nbsp;&nbsp;1898568 |
| McDonald's Corp. | 240137 | &nbsp;&nbsp;&nbsp;&nbsp;65475754 |
| MGM Resorts International | 106679 | &nbsp;&nbsp;&nbsp;&nbsp;3794572 |
| Norwegian Cruise Line Holdings Ltd. \* | 137825 | &nbsp;&nbsp;&nbsp;&nbsp;2327864 |
| Penn Entertainment, Inc. \* | &nbsp;&nbsp;51730 | &nbsp;&nbsp;&nbsp;&nbsp;1712263 |
| Planet Fitness, Inc., Class A \* | &nbsp;&nbsp;27678 | &nbsp;&nbsp;&nbsp;&nbsp;1812355 |
| Royal Caribbean Cruises Ltd. \* | &nbsp;&nbsp;71618 | &nbsp;&nbsp;&nbsp;&nbsp;3822969 |
| Scientific Games Corp., Class A \* | &nbsp;&nbsp;30572 | &nbsp;&nbsp;&nbsp;&nbsp;1716312 |
| Service Corp. International | &nbsp;&nbsp;51319 | &nbsp;&nbsp;&nbsp;&nbsp;3110445 |
| Starbucks Corp. | 374575 | &nbsp;&nbsp;&nbsp;&nbsp;32434449 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;21891 | &nbsp;&nbsp;&nbsp;&nbsp;2166115 |
| The Wendy's Co. | &nbsp;&nbsp;55855 | &nbsp;&nbsp;&nbsp;&nbsp;1160667 |
| Vail Resorts, Inc. | &nbsp;&nbsp;13080 | &nbsp;&nbsp;&nbsp;&nbsp;2866220 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;29447 | &nbsp;&nbsp;&nbsp;&nbsp;2235911 |
| Wynn Resorts Ltd. \* | &nbsp;&nbsp;33682 | &nbsp;&nbsp;&nbsp;&nbsp;2152280 |
| Yum! Brands, Inc. | &nbsp;&nbsp;92722 | &nbsp;&nbsp;&nbsp;&nbsp;10964377 |
|  |  | **258021850** |
| &nbsp;&nbsp;**Diversified Financials 5.4%** | &nbsp;&nbsp;**Diversified Financials 5.4%** | &nbsp;&nbsp;**Diversified Financials 5.4%** |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;12345 | &nbsp;&nbsp;&nbsp;&nbsp;1532755 |
| AGNC Investment Corp. | 172161 | &nbsp;&nbsp;&nbsp;&nbsp;1415163 |
| Ally Financial, Inc. | 100677 | &nbsp;&nbsp;&nbsp;&nbsp;2774658 |
| American Express Co. | 195851 | &nbsp;&nbsp;&nbsp;&nbsp;29074081 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;35353 | &nbsp;&nbsp;&nbsp;&nbsp;10928319 |
| Annaly Capital Management, Inc. | 140702 | &nbsp;&nbsp;&nbsp;&nbsp;2610022 |
| Apollo Global Management, Inc. | 141864 | &nbsp;&nbsp;&nbsp;&nbsp;7853591 |
| Ares Management Corp., Class A | &nbsp;&nbsp;50605 | &nbsp;&nbsp;&nbsp;&nbsp;3837377 |
| Berkshire Hathaway, Inc., Class B \* | 589217 | &nbsp;&nbsp;173872045 |
| BlackRock, Inc. | &nbsp;&nbsp;49251 | &nbsp;&nbsp;&nbsp;&nbsp;31811713 |
| Blackstone Mortgage Trust, Inc., Class A | &nbsp;&nbsp;55475 | &nbsp;&nbsp;&nbsp;&nbsp;1384656 |
| Blackstone, Inc. | 229207 | &nbsp;&nbsp;&nbsp;&nbsp;20889926 |
| Blue Owl Capital, Inc. | 109654 | &nbsp;&nbsp;&nbsp;&nbsp;1098733 |
| Capital One Financial Corp. | 125366 | &nbsp;&nbsp;&nbsp;&nbsp;13291303 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;34526 | &nbsp;&nbsp;&nbsp;&nbsp;4298487 |
| CME Group, Inc. | 117379 | &nbsp;&nbsp;&nbsp;&nbsp;20341781 |
| Coinbase Global, Inc., Class A *\*(a)* | &nbsp;&nbsp;51423 | &nbsp;&nbsp;&nbsp;&nbsp;3406774 |
| Credit Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923790 |
| Discover Financial Services | &nbsp;&nbsp;89270 | &nbsp;&nbsp;&nbsp;&nbsp;9325144 |
| Equitable Holdings, Inc. | 113675 | &nbsp;&nbsp;&nbsp;&nbsp;3480729 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;12363 | &nbsp;&nbsp;&nbsp;&nbsp;5260333 |
| Franklin Resources, Inc. | &nbsp;&nbsp;93409 | &nbsp;&nbsp;&nbsp;&nbsp;2190441 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;33618 | &nbsp;&nbsp;&nbsp;&nbsp;2694483 |
| Intercontinental Exchange, Inc. | 182424 | &nbsp;&nbsp;&nbsp;&nbsp;17434262 |
| Invesco Ltd. | 148360 | &nbsp;&nbsp;&nbsp;&nbsp;2272875 |
| Jefferies Financial Group, Inc. | &nbsp;&nbsp;60720 | &nbsp;&nbsp;&nbsp;&nbsp;2089375 |
| KKR & Co., Inc. | 188348 | &nbsp;&nbsp;&nbsp;&nbsp;9159363 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp;26075 | &nbsp;&nbsp;&nbsp;&nbsp;6666074 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;12231 | &nbsp;&nbsp;&nbsp;&nbsp;2984853 |
| Moody's Corp. | &nbsp;&nbsp;51594 | &nbsp;&nbsp;&nbsp;&nbsp;13665703 |
| Morgan Stanley | 437256 | &nbsp;&nbsp;&nbsp;&nbsp;35929326 |
| Morningstar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8194 | &nbsp;&nbsp;&nbsp;&nbsp;1902483 |
| MSCI, Inc. | &nbsp;&nbsp;26241 | &nbsp;&nbsp;&nbsp;&nbsp;12303355 |
| Nasdaq, Inc. | 110902 | &nbsp;&nbsp;&nbsp;&nbsp;6902540 |
| Northern Trust Corp. | &nbsp;&nbsp;67905 | &nbsp;&nbsp;&nbsp;&nbsp;5727787 |
| OneMain Holdings, Inc. | &nbsp;&nbsp;40268 | &nbsp;&nbsp;&nbsp;&nbsp;1552734 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;63284 | &nbsp;&nbsp;&nbsp;&nbsp;7476372 |
| Rithm Capital Corp. | 154262 | &nbsp;&nbsp;&nbsp;&nbsp;1300429 |
| Robinhood Markets, Inc., Class A \* | 164446 | &nbsp;&nbsp;&nbsp;&nbsp;1920729 |
| S&P Global, Inc. | 111253 | &nbsp;&nbsp;&nbsp;&nbsp;35740026 |

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| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp;33405 | &nbsp;&nbsp;&nbsp;&nbsp;1813892 |
| SoFi Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;264905 | &nbsp;&nbsp;&nbsp;&nbsp;1441083 |
| Starwood Property Trust, Inc. | &nbsp;&nbsp;&nbsp;100255 | &nbsp;&nbsp;&nbsp;&nbsp;2071268 |
| State Street Corp. | &nbsp;&nbsp;&nbsp;119865 | &nbsp;&nbsp;&nbsp;&nbsp;8870010 |
| Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;34901 | &nbsp;&nbsp;&nbsp;&nbsp;2159325 |
| Synchrony Financial | &nbsp;&nbsp;&nbsp;157366 | &nbsp;&nbsp;&nbsp;&nbsp;5595935 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73795 | &nbsp;&nbsp;&nbsp;&nbsp;7834077 |
| The Bank of New York Mellon Corp. | &nbsp;&nbsp;&nbsp;240501 | &nbsp;&nbsp;&nbsp;&nbsp;10127497 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70775 | &nbsp;&nbsp;&nbsp;&nbsp;2001517 |
| The Charles Schwab Corp. *(b)* | &nbsp;&nbsp;&nbsp;496197 | &nbsp;&nbsp;&nbsp;&nbsp;39532015 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;&nbsp;111437 | &nbsp;&nbsp;&nbsp;&nbsp;38391161 |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;35315 | &nbsp;&nbsp;&nbsp;&nbsp;1945150 |
| Voya Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31957 | &nbsp;&nbsp;&nbsp;&nbsp;2184581 |
|  |  | **643292101** |
| &nbsp;&nbsp;**Energy 5.3%** | &nbsp;&nbsp;**Energy 5.3%** | &nbsp;&nbsp;**Energy 5.3%** |
| Antero Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;92082 | &nbsp;&nbsp;&nbsp;&nbsp;3375726 |
| APA Corp. | &nbsp;&nbsp;&nbsp;106740 | &nbsp;&nbsp;&nbsp;&nbsp;4852400 |
| Baker Hughes Co. | &nbsp;&nbsp;&nbsp;330621 | &nbsp;&nbsp;&nbsp;&nbsp;9144977 |
| ChampionX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;66345 | &nbsp;&nbsp;&nbsp;&nbsp;1898794 |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81577 | &nbsp;&nbsp;&nbsp;&nbsp;14390999 |
| Chesapeake Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31597 | &nbsp;&nbsp;&nbsp;&nbsp;3231425 |
| Chevron Corp. | &nbsp;&nbsp;&nbsp;587832 | &nbsp;&nbsp;106338809 |
| Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13550 | &nbsp;&nbsp;&nbsp;&nbsp;2074369 |
| Civitas Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16937 | &nbsp;&nbsp;&nbsp;&nbsp;1184066 |
| Comstock Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558423 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;415454 | &nbsp;&nbsp;&nbsp;&nbsp;52384595 |
| Continental Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17837 | &nbsp;&nbsp;&nbsp;&nbsp;1319403 |
| Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp;260071 | &nbsp;&nbsp;&nbsp;&nbsp;8096010 |
| Denbury, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16235 | &nbsp;&nbsp;&nbsp;&nbsp;1484041 |
| Devon Energy Corp. | &nbsp;&nbsp;&nbsp;213734 | &nbsp;&nbsp;&nbsp;&nbsp;16532325 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58072 | &nbsp;&nbsp;&nbsp;&nbsp;9123692 |
| DTE Midstream LLC \* | &nbsp;&nbsp;&nbsp;&nbsp;31576 | &nbsp;&nbsp;&nbsp;&nbsp;1885087 |
| EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;191255 | &nbsp;&nbsp;&nbsp;&nbsp;26110133 |
| EQT Corp. | &nbsp;&nbsp;&nbsp;121072 | &nbsp;&nbsp;&nbsp;&nbsp;5065652 |
| Exxon Mobil Corp. | 1360664 | &nbsp;&nbsp;150775178 |
| Halliburton Co. | &nbsp;&nbsp;&nbsp;296191 | &nbsp;&nbsp;&nbsp;&nbsp;10787276 |
| Helmerich & Payne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34416 | &nbsp;&nbsp;&nbsp;&nbsp;1703936 |
| Hess Corp. | &nbsp;&nbsp;&nbsp;&nbsp;90960 | &nbsp;&nbsp;&nbsp;&nbsp;12832637 |
| HF Sinclair Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47503 | &nbsp;&nbsp;&nbsp;&nbsp;2905759 |
| Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp;647926 | &nbsp;&nbsp;&nbsp;&nbsp;11740419 |
| Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;54893 | &nbsp;&nbsp;&nbsp;&nbsp;1409652 |
| Marathon Oil Corp. | &nbsp;&nbsp;&nbsp;221304 | &nbsp;&nbsp;&nbsp;&nbsp;6738707 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;162758 | &nbsp;&nbsp;&nbsp;&nbsp;18492564 |
| Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;36679 | &nbsp;&nbsp;&nbsp;&nbsp;2437320 |
| Murphy Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47728 | &nbsp;&nbsp;&nbsp;&nbsp;2315285 |
| New Fortress Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859698 |
| NOV, Inc. | &nbsp;&nbsp;&nbsp;128461 | &nbsp;&nbsp;&nbsp;&nbsp;2877526 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;&nbsp;243261 | &nbsp;&nbsp;&nbsp;&nbsp;17660749 |
| ONEOK, Inc. | &nbsp;&nbsp;&nbsp;145544 | &nbsp;&nbsp;&nbsp;&nbsp;8633670 |
| Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83110 | &nbsp;&nbsp;&nbsp;&nbsp;4209521 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;35124 | &nbsp;&nbsp;&nbsp;&nbsp;1554237 |
| PDC Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31468 | &nbsp;&nbsp;&nbsp;&nbsp;2270102 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;157081 | &nbsp;&nbsp;&nbsp;&nbsp;16381977 |
| Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;77883 | &nbsp;&nbsp;&nbsp;&nbsp;19969980 |
| Range Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;80971 | &nbsp;&nbsp;&nbsp;&nbsp;2306054 |
| Schlumberger N.V. | &nbsp;&nbsp;&nbsp;461622 | &nbsp;&nbsp;&nbsp;&nbsp;24018193 |
| SM Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp;40061 | &nbsp;&nbsp;&nbsp;&nbsp;1801944 |
| Southwestern Energy Co. \* | &nbsp;&nbsp;&nbsp;364076 | &nbsp;&nbsp;&nbsp;&nbsp;2523047 |
| Targa Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;74027 | &nbsp;&nbsp;&nbsp;&nbsp;5061226 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | &nbsp;&nbsp;&nbsp;&nbsp;4658425 |
| The Williams Cos., Inc. | &nbsp;&nbsp;&nbsp;397987 | &nbsp;&nbsp;&nbsp;&nbsp;13026115 |
| Valero Energy Corp. | &nbsp;&nbsp;&nbsp;128630 | &nbsp;&nbsp;&nbsp;&nbsp;16149496 |
|  |  | **635151619** |

---

<sub>45</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Food & Staples Retailing 1.5%** | &nbsp;&nbsp;**Food & Staples Retailing 1.5%** | &nbsp;&nbsp;**Food & Staples Retailing 1.5%** |
| Albertsons Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;52139 | &nbsp;&nbsp;&nbsp;&nbsp;1069371 |
| BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;44240 | &nbsp;&nbsp;&nbsp;&nbsp;3424176 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12222 | &nbsp;&nbsp;&nbsp;&nbsp;2844182 |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;144625 | &nbsp;&nbsp;&nbsp;&nbsp;72529438 |
| Performance Food Group Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;50859 | &nbsp;&nbsp;&nbsp;&nbsp;2646702 |
| Sysco Corp. | &nbsp;&nbsp;&nbsp;166423 | &nbsp;&nbsp;&nbsp;&nbsp;14405575 |
| The Kroger Co. | &nbsp;&nbsp;&nbsp;212167 | &nbsp;&nbsp;&nbsp;&nbsp;10033377 |
| U.S. Foods Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;66632 | &nbsp;&nbsp;&nbsp;&nbsp;1982968 |
| Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;&nbsp;233795 | &nbsp;&nbsp;&nbsp;&nbsp;8533518 |
| Walmart, Inc. | &nbsp;&nbsp;&nbsp;465340 | &nbsp;&nbsp;&nbsp;&nbsp;66231842 |
|  |  | **183701149** |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 3.5%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 3.5%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 3.5%** |
| Altria Group, Inc. | &nbsp;&nbsp;&nbsp;588035 | &nbsp;&nbsp;&nbsp;&nbsp;27208379 |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp;&nbsp;183072 | &nbsp;&nbsp;&nbsp;&nbsp;17754323 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;59521 | &nbsp;&nbsp;&nbsp;&nbsp;4047428 |
| Bunge Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;49645 | &nbsp;&nbsp;&nbsp;&nbsp;4899961 |
| Campbell Soup Co. | &nbsp;&nbsp;&nbsp;&nbsp;65667 | &nbsp;&nbsp;&nbsp;&nbsp;3474441 |
| Celsius Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12988 | &nbsp;&nbsp;&nbsp;&nbsp;1182947 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;156598 | &nbsp;&nbsp;&nbsp;&nbsp;5747147 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;52029 | &nbsp;&nbsp;&nbsp;&nbsp;12855325 |
| Darling Ingredients, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52239 | &nbsp;&nbsp;&nbsp;&nbsp;4099717 |
| Flowers Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62916 | &nbsp;&nbsp;&nbsp;&nbsp;1806318 |
| General Mills, Inc. | &nbsp;&nbsp;&nbsp;194698 | &nbsp;&nbsp;&nbsp;&nbsp;15883463 |
| Hormel Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;94751 | &nbsp;&nbsp;&nbsp;&nbsp;4401184 |
| Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21270 | &nbsp;&nbsp;&nbsp;&nbsp;1895582 |
| Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp;83234 | &nbsp;&nbsp;&nbsp;&nbsp;6394036 |
| Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp;277796 | &nbsp;&nbsp;&nbsp;&nbsp;10789597 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46752 | &nbsp;&nbsp;&nbsp;&nbsp;4030957 |
| Lancaster Colony Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6463 | &nbsp;&nbsp;&nbsp;&nbsp;1165150 |
| McCormick & Co., Inc. - Non Voting Shares | &nbsp;&nbsp;&nbsp;&nbsp;81984 | &nbsp;&nbsp;&nbsp;&nbsp;6447222 |
| Molson Coors Beverage Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;61580 | &nbsp;&nbsp;&nbsp;&nbsp;3105479 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;447503 | &nbsp;&nbsp;&nbsp;&nbsp;27512484 |
| Monster Beverage Corp. \* | &nbsp;&nbsp;&nbsp;125694 | &nbsp;&nbsp;&nbsp;&nbsp;11780042 |
| National Beverage Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359586 |
| PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;450473 | &nbsp;&nbsp;&nbsp;&nbsp;81796887 |
| Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;506083 | &nbsp;&nbsp;&nbsp;&nbsp;46483724 |
| Pilgrim's Pride Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;14119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325443 |
| Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17618 | &nbsp;&nbsp;&nbsp;&nbsp;1593020 |
| Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310950 |
| The Coca-Cola Co. | 1270431 | &nbsp;&nbsp;&nbsp;&nbsp;76035295 |
| The Hershey Co. | &nbsp;&nbsp;&nbsp;&nbsp;47952 | &nbsp;&nbsp;&nbsp;&nbsp;11449499 |
| The JM Smucker Co. | &nbsp;&nbsp;&nbsp;&nbsp;34810 | &nbsp;&nbsp;&nbsp;&nbsp;5244475 |
| The Kraft Heinz Co. | &nbsp;&nbsp;&nbsp;260323 | &nbsp;&nbsp;&nbsp;&nbsp;10014626 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;94718 | &nbsp;&nbsp;&nbsp;&nbsp;6473975 |
|  |  | **416568662** |
| &nbsp;&nbsp;**Health Care Equipment & Services 6.3%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.3%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.3%** |
| Abbott Laboratories | &nbsp;&nbsp;&nbsp;571796 | &nbsp;&nbsp;&nbsp;&nbsp;56573496 |
| ABIOMED, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14808 | &nbsp;&nbsp;&nbsp;&nbsp;3732801 |
| Acadia Healthcare Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29743 | &nbsp;&nbsp;&nbsp;&nbsp;2418106 |
| agilon health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;64395 | &nbsp;&nbsp;&nbsp;&nbsp;1278241 |
| Align Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23708 | &nbsp;&nbsp;&nbsp;&nbsp;4606464 |
| AmerisourceBergen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;50634 | &nbsp;&nbsp;&nbsp;&nbsp;7960677 |
| AMN Healthcare Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14076 | &nbsp;&nbsp;&nbsp;&nbsp;1766538 |
| Baxter International, Inc. | &nbsp;&nbsp;&nbsp;164370 | &nbsp;&nbsp;&nbsp;&nbsp;8933509 |
| Becton, Dickinson & Co. | &nbsp;&nbsp;&nbsp;&nbsp;93135 | &nbsp;&nbsp;&nbsp;&nbsp;21977066 |
| Boston Scientific Corp. \* | &nbsp;&nbsp;&nbsp;467614 | &nbsp;&nbsp;&nbsp;&nbsp;20158840 |
| Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88713 | &nbsp;&nbsp;&nbsp;&nbsp;6733317 |
| Centene Corp. \* | &nbsp;&nbsp;&nbsp;186709 | &nbsp;&nbsp;&nbsp;&nbsp;15894537 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4872 | &nbsp;&nbsp;&nbsp;&nbsp;2274591 |
| Cigna Corp. | &nbsp;&nbsp;&nbsp;&nbsp;99654 | &nbsp;&nbsp;&nbsp;&nbsp;32194221 |
| CVS Health Corp. | &nbsp;&nbsp;&nbsp;428670 | &nbsp;&nbsp;&nbsp;&nbsp;40595049 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| DaVita, Inc. \* | &nbsp;&nbsp;18181 | &nbsp;&nbsp;&nbsp;&nbsp;1327395 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;70749 | &nbsp;&nbsp;&nbsp;&nbsp;2180484 |
| DexCom, Inc. \* | 128134 | &nbsp;&nbsp;&nbsp;&nbsp;15476025 |
| Edwards Lifesciences Corp. \* | 202550 | &nbsp;&nbsp;&nbsp;&nbsp;14670696 |
| Elevance Health, Inc. | &nbsp;&nbsp;78377 | &nbsp;&nbsp;&nbsp;&nbsp;42854192 |
| Encompass Health Corp. | &nbsp;&nbsp;32284 | &nbsp;&nbsp;&nbsp;&nbsp;1757541 |
| Envista Holdings Corp. \* | &nbsp;&nbsp;53744 | &nbsp;&nbsp;&nbsp;&nbsp;1774089 |
| Globus Medical, Inc., Class A \* | &nbsp;&nbsp;24993 | &nbsp;&nbsp;&nbsp;&nbsp;1674531 |
| Guardant Health, Inc. \* | &nbsp;&nbsp;33136 | &nbsp;&nbsp;&nbsp;&nbsp;1640232 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;70324 | &nbsp;&nbsp;&nbsp;&nbsp;15293360 |
| HealthEquity, Inc. \* | &nbsp;&nbsp;27381 | &nbsp;&nbsp;&nbsp;&nbsp;2133254 |
| Henry Schein, Inc. \* | &nbsp;&nbsp;44334 | &nbsp;&nbsp;&nbsp;&nbsp;3035106 |
| Hologic, Inc. \* | &nbsp;&nbsp;81305 | &nbsp;&nbsp;&nbsp;&nbsp;5512479 |
| Humana, Inc. | &nbsp;&nbsp;41332 | &nbsp;&nbsp;&nbsp;&nbsp;23066563 |
| IDEXX Laboratories, Inc. \* | &nbsp;&nbsp;27206 | &nbsp;&nbsp;&nbsp;&nbsp;9785454 |
| Inspire Medical Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8947 | &nbsp;&nbsp;&nbsp;&nbsp;1744218 |
| Insulet Corp. \* | &nbsp;&nbsp;22604 | &nbsp;&nbsp;&nbsp;&nbsp;5850141 |
| Intuitive Surgical, Inc. \* | 116645 | &nbsp;&nbsp;&nbsp;&nbsp;28749493 |
| iRhythm Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9810 | &nbsp;&nbsp;&nbsp;&nbsp;1250677 |
| Laboratory Corp. of America Holdings | &nbsp;&nbsp;29554 | &nbsp;&nbsp;&nbsp;&nbsp;6556850 |
| Lantheus Holdings, Inc. \* | &nbsp;&nbsp;22460 | &nbsp;&nbsp;&nbsp;&nbsp;1661815 |
| LHC Group, Inc. \* | &nbsp;&nbsp;10053 | &nbsp;&nbsp;&nbsp;&nbsp;1679856 |
| Masimo Corp. \* | &nbsp;&nbsp;15738 | &nbsp;&nbsp;&nbsp;&nbsp;2071121 |
| McKesson Corp. | &nbsp;&nbsp;46936 | &nbsp;&nbsp;&nbsp;&nbsp;18275470 |
| Medtronic plc | 433865 | &nbsp;&nbsp;&nbsp;&nbsp;37893769 |
| Molina Healthcare, Inc. \* | &nbsp;&nbsp;18995 | &nbsp;&nbsp;&nbsp;&nbsp;6816546 |
| Novocure Ltd. \* | &nbsp;&nbsp;29197 | &nbsp;&nbsp;&nbsp;&nbsp;2063060 |
| Oak Street Health, Inc. \* | &nbsp;&nbsp;37805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764795 |
| Omnicell, Inc. \* | &nbsp;&nbsp;14509 | &nbsp;&nbsp;&nbsp;&nbsp;1121836 |
| Option Care Health, Inc. \* | &nbsp;&nbsp;50500 | &nbsp;&nbsp;&nbsp;&nbsp;1528130 |
| Penumbra, Inc. \* | &nbsp;&nbsp;12346 | &nbsp;&nbsp;&nbsp;&nbsp;2116969 |
| Premier, Inc., Class A | &nbsp;&nbsp;38461 | &nbsp;&nbsp;&nbsp;&nbsp;1341520 |
| Privia Health Group, Inc. \* | &nbsp;&nbsp;16001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535713 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;38035 | &nbsp;&nbsp;&nbsp;&nbsp;5463728 |
| QuidelOrtho Corp. \* | &nbsp;&nbsp;17696 | &nbsp;&nbsp;&nbsp;&nbsp;1589455 |
| R1 RCM, Inc. \* | &nbsp;&nbsp;44028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777534 |
| ResMed, Inc. | &nbsp;&nbsp;47780 | &nbsp;&nbsp;&nbsp;&nbsp;10687908 |
| Shockwave Medical, Inc. \* | &nbsp;&nbsp;11745 | &nbsp;&nbsp;&nbsp;&nbsp;3443047 |
| Signify Health, Inc., Class A \* | &nbsp;&nbsp;22500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657675 |
| STAAR Surgical Co. \* | &nbsp;&nbsp;15532 | &nbsp;&nbsp;&nbsp;&nbsp;1100753 |
| STERIS plc | &nbsp;&nbsp;32595 | &nbsp;&nbsp;&nbsp;&nbsp;5625245 |
| Stryker Corp. | 109977 | &nbsp;&nbsp;&nbsp;&nbsp;25211127 |
| Teladoc Health, Inc. \* | &nbsp;&nbsp;52207 | &nbsp;&nbsp;&nbsp;&nbsp;1547415 |
| Teleflex, Inc. | &nbsp;&nbsp;15276 | &nbsp;&nbsp;&nbsp;&nbsp;3277619 |
| Tenet Healthcare Corp. \* | &nbsp;&nbsp;34966 | &nbsp;&nbsp;&nbsp;&nbsp;1551092 |
| The Cooper Cos., Inc. | &nbsp;&nbsp;16185 | &nbsp;&nbsp;&nbsp;&nbsp;4424817 |
| The Ensign Group, Inc. | &nbsp;&nbsp;18065 | &nbsp;&nbsp;&nbsp;&nbsp;1621876 |
| UnitedHealth Group, Inc. | 305404 | &nbsp;&nbsp;169545031 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;21411 | &nbsp;&nbsp;&nbsp;&nbsp;2480893 |
| Veeva Systems, Inc., Class A \* | &nbsp;&nbsp;45659 | &nbsp;&nbsp;&nbsp;&nbsp;7667972 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;68605 | &nbsp;&nbsp;&nbsp;&nbsp;7776377 |
|  |  | **745750397** |
| &nbsp;&nbsp;**Household & Personal Products 1.4%** | &nbsp;&nbsp;**Household & Personal Products 1.4%** | &nbsp;&nbsp;**Household & Personal Products 1.4%** |
| Church & Dwight Co., Inc. | &nbsp;&nbsp;79517 | &nbsp;&nbsp;&nbsp;&nbsp;5894595 |
| Colgate-Palmolive Co. | 272300 | &nbsp;&nbsp;&nbsp;&nbsp;20106632 |
| Coty, Inc., Class A \* | 119241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800107 |
| Kimberly-Clark Corp. | 110164 | &nbsp;&nbsp;&nbsp;&nbsp;13711011 |
| Olaplex Holdings, Inc. \* | &nbsp;&nbsp;27559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121260 |
| Reynolds Consumer Products, Inc. | &nbsp;&nbsp;17599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537474 |
| The Clorox Co. | &nbsp;&nbsp;40131 | &nbsp;&nbsp;&nbsp;&nbsp;5860731 |
| The Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp;75764 | &nbsp;&nbsp;&nbsp;&nbsp;15189924 |
| The Procter & Gamble Co. | 780146 | &nbsp;&nbsp;105062262 |
|  |  | **167283996** |

---

<sub>46</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Insurance 2.4%** | &nbsp;&nbsp;**Insurance 2.4%** | &nbsp;&nbsp;**Insurance 2.4%** |
| Aflac, Inc. | 187828 | &nbsp;&nbsp;&nbsp;&nbsp;12229481 |
| American Financial Group, Inc. | &nbsp;&nbsp;22830 | &nbsp;&nbsp;&nbsp;&nbsp;3312861 |
| American International Group, Inc. | 248390 | &nbsp;&nbsp;&nbsp;&nbsp;14158230 |
| Aon plc, Class A | &nbsp;&nbsp;68862 | &nbsp;&nbsp;&nbsp;&nbsp;19383964 |
| Arch Capital Group Ltd. \* | 120784 | &nbsp;&nbsp;&nbsp;&nbsp;6945080 |
| Arthur J. Gallagher & Co. | &nbsp;&nbsp;68624 | &nbsp;&nbsp;&nbsp;&nbsp;12838178 |
| Assurant, Inc. | &nbsp;&nbsp;17269 | &nbsp;&nbsp;&nbsp;&nbsp;2346166 |
| Axis Capital Holdings Ltd. | &nbsp;&nbsp;25175 | &nbsp;&nbsp;&nbsp;&nbsp;1376317 |
| Brown & Brown, Inc. | &nbsp;&nbsp;76344 | &nbsp;&nbsp;&nbsp;&nbsp;4488264 |
| Chubb Ltd. | 136314 | &nbsp;&nbsp;&nbsp;&nbsp;29292516 |
| Cincinnati Financial Corp. | &nbsp;&nbsp;52022 | &nbsp;&nbsp;&nbsp;&nbsp;5374913 |
| CNA Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351197 |
| Erie Indemnity Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8115 | &nbsp;&nbsp;&nbsp;&nbsp;2085636 |
| Everest Re Group Ltd. | &nbsp;&nbsp;12868 | &nbsp;&nbsp;&nbsp;&nbsp;4151989 |
| Fidelity National Financial, Inc. | &nbsp;&nbsp;90212 | &nbsp;&nbsp;&nbsp;&nbsp;3552549 |
| First American Financial Corp. | &nbsp;&nbsp;33953 | &nbsp;&nbsp;&nbsp;&nbsp;1711231 |
| Globe Life, Inc. | &nbsp;&nbsp;29671 | &nbsp;&nbsp;&nbsp;&nbsp;3427594 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7044 | &nbsp;&nbsp;&nbsp;&nbsp;2220058 |
| Lincoln National Corp. | &nbsp;&nbsp;50488 | &nbsp;&nbsp;&nbsp;&nbsp;2719789 |
| Loews Corp. | &nbsp;&nbsp;65434 | &nbsp;&nbsp;&nbsp;&nbsp;3731047 |
| Markel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4410 | &nbsp;&nbsp;&nbsp;&nbsp;5318901 |
| Marsh & McLennan Cos., Inc. | 162914 | &nbsp;&nbsp;&nbsp;&nbsp;26308982 |
| MetLife, Inc. | 218972 | &nbsp;&nbsp;&nbsp;&nbsp;16030940 |
| Old Republic International Corp. | &nbsp;&nbsp;93154 | &nbsp;&nbsp;&nbsp;&nbsp;2162104 |
| Primerica, Inc. | &nbsp;&nbsp;12334 | &nbsp;&nbsp;&nbsp;&nbsp;1784730 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;75778 | &nbsp;&nbsp;&nbsp;&nbsp;6678315 |
| Prudential Financial, Inc. | 121566 | &nbsp;&nbsp;&nbsp;&nbsp;12787528 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;21883 | &nbsp;&nbsp;&nbsp;&nbsp;3220521 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;14352 | &nbsp;&nbsp;&nbsp;&nbsp;2219967 |
| RLI Corp. | &nbsp;&nbsp;13205 | &nbsp;&nbsp;&nbsp;&nbsp;1717574 |
| Ryan Specialty Group Holdings, Inc., Class A \* | &nbsp;&nbsp;27067 | &nbsp;&nbsp;&nbsp;&nbsp;1213955 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;19704 | &nbsp;&nbsp;&nbsp;&nbsp;1932568 |
| The Allstate Corp. | &nbsp;&nbsp;88304 | &nbsp;&nbsp;&nbsp;&nbsp;11148380 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;11628 | &nbsp;&nbsp;&nbsp;&nbsp;1703386 |
| The Hartford Financial Services Group, Inc. | 105642 | &nbsp;&nbsp;&nbsp;&nbsp;7649537 |
| The Progressive Corp. | 191006 | &nbsp;&nbsp;&nbsp;&nbsp;24525171 |
| The Travelers Cos., Inc. | &nbsp;&nbsp;77385 | &nbsp;&nbsp;&nbsp;&nbsp;14274437 |
| Unum Group | &nbsp;&nbsp;61506 | &nbsp;&nbsp;&nbsp;&nbsp;2804059 |
| W.R. Berkley Corp. | &nbsp;&nbsp;66422 | &nbsp;&nbsp;&nbsp;&nbsp;4940468 |
| Willis Towers Watson plc | &nbsp;&nbsp;35949 | &nbsp;&nbsp;&nbsp;&nbsp;7844431 |
|  |  | **291963014** |
| &nbsp;&nbsp;**Materials 2.7%** | &nbsp;&nbsp;**Materials 2.7%** | &nbsp;&nbsp;**Materials 2.7%** |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;72478 | &nbsp;&nbsp;&nbsp;&nbsp;18148491 |
| Albemarle Corp. | &nbsp;&nbsp;38262 | &nbsp;&nbsp;&nbsp;&nbsp;10708386 |
| Alcoa Corp. | &nbsp;&nbsp;58812 | &nbsp;&nbsp;&nbsp;&nbsp;2295432 |
| Amcor plc | 489463 | &nbsp;&nbsp;&nbsp;&nbsp;5667982 |
| AptarGroup, Inc. | &nbsp;&nbsp;21171 | &nbsp;&nbsp;&nbsp;&nbsp;2099105 |
| Ashland, Inc. | &nbsp;&nbsp;16097 | &nbsp;&nbsp;&nbsp;&nbsp;1688897 |
| Avery Dennison Corp. | &nbsp;&nbsp;26615 | &nbsp;&nbsp;&nbsp;&nbsp;4512573 |
| Axalta Coating Systems Ltd. \* | &nbsp;&nbsp;71862 | &nbsp;&nbsp;&nbsp;&nbsp;1675822 |
| Balchem Corp. | &nbsp;&nbsp;10470 | &nbsp;&nbsp;&nbsp;&nbsp;1463706 |
| Ball Corp. | 102692 | &nbsp;&nbsp;&nbsp;&nbsp;5071958 |
| Berry Global Group, Inc. \* | &nbsp;&nbsp;40818 | &nbsp;&nbsp;&nbsp;&nbsp;1931508 |
| Celanese Corp. | &nbsp;&nbsp;32518 | &nbsp;&nbsp;&nbsp;&nbsp;3125630 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;65147 | &nbsp;&nbsp;&nbsp;&nbsp;6922520 |
| Cleveland-Cliffs, Inc. \* | 169109 | &nbsp;&nbsp;&nbsp;&nbsp;2196726 |
| Commercial Metals Co. | &nbsp;&nbsp;39488 | &nbsp;&nbsp;&nbsp;&nbsp;1796704 |
| Corteva, Inc. | 234341 | &nbsp;&nbsp;&nbsp;&nbsp;15311841 |
| Crown Holdings, Inc. | &nbsp;&nbsp;39560 | &nbsp;&nbsp;&nbsp;&nbsp;2713420 |
| Dow, Inc. | 234721 | &nbsp;&nbsp;&nbsp;&nbsp;10970860 |
| DuPont de Nemours, Inc. | 163640 | &nbsp;&nbsp;&nbsp;&nbsp;9360208 |
| Eagle Materials, Inc. | &nbsp;&nbsp;12259 | &nbsp;&nbsp;&nbsp;&nbsp;1499398 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Eastman Chemical Co. | &nbsp;&nbsp;&nbsp;&nbsp;40057 | &nbsp;&nbsp;&nbsp;&nbsp;3076778 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81026 | &nbsp;&nbsp;&nbsp;&nbsp;12726754 |
| Element Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73404 | &nbsp;&nbsp;&nbsp;&nbsp;1262549 |
| FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41191 | &nbsp;&nbsp;&nbsp;&nbsp;4897610 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp;466249 | &nbsp;&nbsp;&nbsp;&nbsp;14775431 |
| Graphic Packaging Holding Co. | &nbsp;&nbsp;&nbsp;100515 | &nbsp;&nbsp;&nbsp;&nbsp;2307824 |
| Huntsman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;61742 | &nbsp;&nbsp;&nbsp;&nbsp;1652216 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83139 | &nbsp;&nbsp;&nbsp;&nbsp;8115198 |
| International Paper Co. | &nbsp;&nbsp;&nbsp;118177 | &nbsp;&nbsp;&nbsp;&nbsp;3971929 |
| Linde plc | &nbsp;&nbsp;&nbsp;162708 | &nbsp;&nbsp;&nbsp;&nbsp;48381224 |
| Livent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;58549 | &nbsp;&nbsp;&nbsp;&nbsp;1848392 |
| LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;&nbsp;&nbsp;83136 | &nbsp;&nbsp;&nbsp;&nbsp;6355747 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20351 | &nbsp;&nbsp;&nbsp;&nbsp;6837529 |
| MP Materials Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;30162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906067 |
| Newmont Corp. | &nbsp;&nbsp;&nbsp;259142 | &nbsp;&nbsp;&nbsp;&nbsp;10966889 |
| Nucor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;85440 | &nbsp;&nbsp;&nbsp;&nbsp;11225107 |
| Olin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44094 | &nbsp;&nbsp;&nbsp;&nbsp;2334777 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;30501 | &nbsp;&nbsp;&nbsp;&nbsp;3666525 |
| PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76797 | &nbsp;&nbsp;&nbsp;&nbsp;8768681 |
| Reliance Steel & Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;19716 | &nbsp;&nbsp;&nbsp;&nbsp;3972380 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21480 | &nbsp;&nbsp;&nbsp;&nbsp;2039741 |
| RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41937 | &nbsp;&nbsp;&nbsp;&nbsp;3965982 |
| Sealed Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47609 | &nbsp;&nbsp;&nbsp;&nbsp;2267141 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27344 | &nbsp;&nbsp;&nbsp;&nbsp;1295012 |
| Sonoco Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;31686 | &nbsp;&nbsp;&nbsp;&nbsp;1967067 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;56648 | &nbsp;&nbsp;&nbsp;&nbsp;5327744 |
| The Chemours Co. | &nbsp;&nbsp;&nbsp;&nbsp;50827 | &nbsp;&nbsp;&nbsp;&nbsp;1455177 |
| The Mosaic Co. | &nbsp;&nbsp;&nbsp;112880 | &nbsp;&nbsp;&nbsp;&nbsp;6067300 |
| The Sherwin-Williams Co. | &nbsp;&nbsp;&nbsp;&nbsp;77034 | &nbsp;&nbsp;&nbsp;&nbsp;17334961 |
| United States Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;77578 | &nbsp;&nbsp;&nbsp;&nbsp;1579488 |
| Valvoline, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57447 | &nbsp;&nbsp;&nbsp;&nbsp;1686644 |
| Vulcan Materials Co. | &nbsp;&nbsp;&nbsp;&nbsp;43364 | &nbsp;&nbsp;&nbsp;&nbsp;7098687 |
| Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11185 | &nbsp;&nbsp;&nbsp;&nbsp;1081030 |
| WestRock Co. | &nbsp;&nbsp;&nbsp;&nbsp;83492 | &nbsp;&nbsp;&nbsp;&nbsp;2843738 |
|  |  | **323220486** |
| &nbsp;&nbsp;**Media & Entertainment 5.9%** | &nbsp;&nbsp;**Media & Entertainment 5.9%** | &nbsp;&nbsp;**Media & Entertainment 5.9%** |
| Activision Blizzard, Inc. | &nbsp;&nbsp;&nbsp;232527 | &nbsp;&nbsp;&nbsp;&nbsp;16927966 |
| Alphabet, Inc., Class A \* | 1957524 | &nbsp;&nbsp;185005593 |
| Alphabet, Inc., Class C \* | 1750524 | &nbsp;&nbsp;165704602 |
| AMC Entertainment Holdings, Inc., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;170145 | &nbsp;&nbsp;&nbsp;&nbsp;1133166 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1583 | &nbsp;&nbsp;&nbsp;&nbsp;1360478 |
| Charter Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;36209 | &nbsp;&nbsp;&nbsp;&nbsp;13311153 |
| Comcast Corp., Class A | 1437799 | &nbsp;&nbsp;&nbsp;&nbsp;45635740 |
| DISH Network Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;82957 | &nbsp;&nbsp;&nbsp;&nbsp;1236889 |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86341 | &nbsp;&nbsp;&nbsp;&nbsp;10875512 |
| Endeavor Group Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;56036 | &nbsp;&nbsp;&nbsp;&nbsp;1223826 |
| Fox Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;99780 | &nbsp;&nbsp;&nbsp;&nbsp;2880649 |
| Fox Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;46486 | &nbsp;&nbsp;&nbsp;&nbsp;1264419 |
| Getty Images Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64539 |
| IAC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25564 | &nbsp;&nbsp;&nbsp;&nbsp;1244456 |
| Liberty Broadband Corp., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;40513 | &nbsp;&nbsp;&nbsp;&nbsp;3420513 |
| Liberty Media Corp. - Liberty Formula One, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;67247 | &nbsp;&nbsp;&nbsp;&nbsp;3882169 |
| Liberty Media Corp. - Liberty SiriusXM, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;50078 | &nbsp;&nbsp;&nbsp;&nbsp;2112791 |
| Live Nation Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;46450 | &nbsp;&nbsp;&nbsp;&nbsp;3697885 |
| Match Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;92464 | &nbsp;&nbsp;&nbsp;&nbsp;3994445 |
| Meta Platforms, Inc., Class A \* | &nbsp;&nbsp;&nbsp;744664 | &nbsp;&nbsp;&nbsp;&nbsp;69372898 |
| Netflix, Inc. \* | &nbsp;&nbsp;&nbsp;145210 | &nbsp;&nbsp;&nbsp;&nbsp;42383895 |
| News Corp., Class A | &nbsp;&nbsp;&nbsp;124999 | &nbsp;&nbsp;&nbsp;&nbsp;2108733 |

---

<sub>47</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Nexstar Media Group, Inc., Class A | &nbsp;&nbsp;12691 | &nbsp;&nbsp;&nbsp;&nbsp;2173968 |
| Omnicom Group, Inc. | &nbsp;&nbsp;66847 | &nbsp;&nbsp;&nbsp;&nbsp;4863119 |
| Paramount Global, Class B | 164988 | &nbsp;&nbsp;&nbsp;&nbsp;3022580 |
| Pinterest, Inc., Class A \* | 190584 | &nbsp;&nbsp;&nbsp;&nbsp;4688366 |
| Playtika Holding Corp. \* | &nbsp;&nbsp;32468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306823 |
| ROBLOX Corp., Class A \* | 117630 | &nbsp;&nbsp;&nbsp;&nbsp;5262766 |
| Roku, Inc. \* | &nbsp;&nbsp;39189 | &nbsp;&nbsp;&nbsp;&nbsp;2176557 |
| Sirius XM Holdings, Inc. *(a)* | 230207 | &nbsp;&nbsp;&nbsp;&nbsp;1390450 |
| Snap, Inc., Class A \* | 337140 | &nbsp;&nbsp;&nbsp;&nbsp;3341057 |
| Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;51203 | &nbsp;&nbsp;&nbsp;&nbsp;6066531 |
| TEGNA, Inc. | &nbsp;&nbsp;73064 | &nbsp;&nbsp;&nbsp;&nbsp;1525576 |
| The Interpublic Group of Cos., Inc. | 127075 | &nbsp;&nbsp;&nbsp;&nbsp;3785564 |
| The New York Times Co., Class A | &nbsp;&nbsp;53634 | &nbsp;&nbsp;&nbsp;&nbsp;1553241 |
| The Trade Desk, Inc., Class A \* | 144666 | &nbsp;&nbsp;&nbsp;&nbsp;7702018 |
| The Walt Disney Co. \* | 595309 | &nbsp;&nbsp;&nbsp;&nbsp;63424221 |
| Warner Bros Discovery, Inc. \* | 720696 | &nbsp;&nbsp;&nbsp;&nbsp;9369048 |
| ZoomInfo Technologies, Inc. \* | &nbsp;&nbsp;88312 | &nbsp;&nbsp;&nbsp;&nbsp;3932533 |
|  |  | **703426735** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.6%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.6%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.6%** |
| AbbVie, Inc. | 577225 | &nbsp;&nbsp;&nbsp;&nbsp;84505740 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;97583 | &nbsp;&nbsp;&nbsp;&nbsp;13500608 |
| Alnylam Pharmaceuticals, Inc. \* | &nbsp;&nbsp;39244 | &nbsp;&nbsp;&nbsp;&nbsp;8133711 |
| Amgen, Inc. | 174618 | &nbsp;&nbsp;&nbsp;&nbsp;47207976 |
| Apellis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;30340 | &nbsp;&nbsp;&nbsp;&nbsp;1835267 |
| Arrowhead Pharmaceuticals, Inc. \* | &nbsp;&nbsp;34273 | &nbsp;&nbsp;&nbsp;&nbsp;1193043 |
| Avantor, Inc. \* | 220214 | &nbsp;&nbsp;&nbsp;&nbsp;4441716 |
| Biogen, Inc. \* | &nbsp;&nbsp;47397 | &nbsp;&nbsp;&nbsp;&nbsp;13434206 |
| Biohaven Ltd. \* | &nbsp;&nbsp;18604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308268 |
| BioMarin Pharmaceutical, Inc. \* | &nbsp;&nbsp;60505 | &nbsp;&nbsp;&nbsp;&nbsp;5241548 |
| Bio-Rad Laboratories, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6985 | &nbsp;&nbsp;&nbsp;&nbsp;2456694 |
| Bio-Techne Corp. | &nbsp;&nbsp;12861 | &nbsp;&nbsp;&nbsp;&nbsp;3810200 |
| Blueprint Medicines Corp. \* | &nbsp;&nbsp;19591 | &nbsp;&nbsp;&nbsp;&nbsp;1015597 |
| Bristol-Myers Squibb Co. | 697084 | &nbsp;&nbsp;&nbsp;&nbsp;54003098 |
| Bruker Corp. | &nbsp;&nbsp;33105 | &nbsp;&nbsp;&nbsp;&nbsp;2047213 |
| Catalent, Inc. \* | &nbsp;&nbsp;58413 | &nbsp;&nbsp;&nbsp;&nbsp;3839487 |
| Cerevel Therapeutics Holdings, Inc. \* | &nbsp;&nbsp;20827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582323 |
| Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;16680 | &nbsp;&nbsp;&nbsp;&nbsp;3540330 |
| CRISPR Therapeutics AG \* | &nbsp;&nbsp;25451 | &nbsp;&nbsp;&nbsp;&nbsp;1332105 |
| Cytokinetics, Inc. \* | &nbsp;&nbsp;30754 | &nbsp;&nbsp;&nbsp;&nbsp;1342720 |
| Danaher Corp. | 213744 | &nbsp;&nbsp;&nbsp;&nbsp;53792953 |
| Elanco Animal Health, Inc. \* | 145398 | &nbsp;&nbsp;&nbsp;&nbsp;1917800 |
| Eli Lilly & Co. | 257486 | &nbsp;&nbsp;&nbsp;&nbsp;93233106 |
| Exact Sciences Corp. \* | &nbsp;&nbsp;57550 | &nbsp;&nbsp;&nbsp;&nbsp;2001589 |
| Exelixis, Inc. \* | 105582 | &nbsp;&nbsp;&nbsp;&nbsp;1750550 |
| Gilead Sciences, Inc. | 409182 | &nbsp;&nbsp;&nbsp;&nbsp;32104420 |
| Halozyme Therapeutics, Inc. \* | &nbsp;&nbsp;45186 | &nbsp;&nbsp;&nbsp;&nbsp;2160343 |
| Horizon Therapeutics plc \* | &nbsp;&nbsp;75170 | &nbsp;&nbsp;&nbsp;&nbsp;4684594 |
| Illumina, Inc. \* | &nbsp;&nbsp;51273 | &nbsp;&nbsp;&nbsp;&nbsp;11732288 |
| Incyte Corp. \* | &nbsp;&nbsp;60360 | &nbsp;&nbsp;&nbsp;&nbsp;4487162 |
| Intellia Therapeutics, Inc. \* | &nbsp;&nbsp;24779 | &nbsp;&nbsp;&nbsp;&nbsp;1307836 |
| Intra-Cellular Therapies, Inc. \* | &nbsp;&nbsp;28684 | &nbsp;&nbsp;&nbsp;&nbsp;1309998 |
| Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;46331 | &nbsp;&nbsp;&nbsp;&nbsp;2047830 |
| IQVIA Holdings, Inc. \* | &nbsp;&nbsp;60937 | &nbsp;&nbsp;&nbsp;&nbsp;12776661 |
| Jazz Pharmaceuticals plc \* | &nbsp;&nbsp;20403 | &nbsp;&nbsp;&nbsp;&nbsp;2933747 |
| Johnson & Johnson | 858326 | &nbsp;&nbsp;149322974 |
| Karuna Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8737 | &nbsp;&nbsp;&nbsp;&nbsp;1916374 |
| Medpace Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8180 | &nbsp;&nbsp;&nbsp;&nbsp;1815796 |
| Merck & Co., Inc. | 827006 | &nbsp;&nbsp;&nbsp;&nbsp;83693007 |
| Mettler-Toledo International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7355 | &nbsp;&nbsp;&nbsp;&nbsp;9303560 |
| Mirati Therapeutics, Inc. \* | &nbsp;&nbsp;16197 | &nbsp;&nbsp;&nbsp;&nbsp;1090382 |
| Moderna, Inc. \* | 109866 | &nbsp;&nbsp;&nbsp;&nbsp;16516156 |
| Natera, Inc. \* | &nbsp;&nbsp;31625 | &nbsp;&nbsp;&nbsp;&nbsp;1485110 |
| Neurocrine Biosciences, Inc. \* | &nbsp;&nbsp;31366 | &nbsp;&nbsp;&nbsp;&nbsp;3610854 |
| Organon & Co. | &nbsp;&nbsp;83695 | &nbsp;&nbsp;&nbsp;&nbsp;2191135 |
| PerkinElmer, Inc. | &nbsp;&nbsp;41123 | &nbsp;&nbsp;&nbsp;&nbsp;5493210 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Perrigo Co., plc | &nbsp;&nbsp;&nbsp;&nbsp;43542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1753872 |
| Pfizer, Inc. | 1832282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85292727 |
| Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26205501 |
| Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;16805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3066744 |
| Royalty Pharma plc, Class A | &nbsp;&nbsp;&nbsp;120062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5081024 |
| Sarepta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3268611 |
| Seagen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;44631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5675278 |
| Sotera Health Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;31432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216252 |
| Syneos Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1693776 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;127905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65739333 |
| United Therapeutics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;14819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3416224 |
| Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;83742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26127504 |
| Viatris, Inc. | &nbsp;&nbsp;&nbsp;397447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4026138 |
| Waters Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;19569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5854458 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5549322 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;152885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23052000 |
|  |  | **1024470049** |
| &nbsp;&nbsp;**Real Estate 3.0%** | &nbsp;&nbsp;**Real Estate 3.0%** | &nbsp;&nbsp;**Real Estate 3.0%** |
| Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1792658 |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7029905 |
| American Homes 4 Rent, Class A | &nbsp;&nbsp;&nbsp;&nbsp;98795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3155512 |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;152008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31494537 |
| Americold Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2122384 |
| Apartment Income REIT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;49923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918541 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7993878 |
| Boston Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3373207 |
| Brixmor Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;98553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2100164 |
| Camden Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;34927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4035815 |
| CBRE Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;104621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7421814 |
| Crown Castle, Inc. | &nbsp;&nbsp;&nbsp;141403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18843364 |
| CubeSmart | &nbsp;&nbsp;&nbsp;&nbsp;73307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3069364 |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9389515 |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2227818 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16847625 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;56920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3640603 |
| Equity Residential | &nbsp;&nbsp;&nbsp;110788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6981860 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4722822 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7768323 |
| Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp;23599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2335829 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2037135 |
| Gaming & Leisure Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4183617 |
| Healthcare Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;124441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2529886 |
| Healthpeak Properties, Inc. | &nbsp;&nbsp;&nbsp;175489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4164354 |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;232874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4396661 |
| Independence Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1213240 |
| Invitation Homes, Inc. | &nbsp;&nbsp;&nbsp;189811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6015111 |
| Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;94667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4739977 |
| Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2489918 |
| Kilroy Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;34076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1456408 |
| Kimco Realty Corp. | &nbsp;&nbsp;&nbsp;201876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4316109 |
| Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp;71343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1401176 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;28487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2627356 |
| Life Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3047416 |
| Medical Properties Trust, Inc. | &nbsp;&nbsp;&nbsp;194930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2231948 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5923269 |
| National Retail Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2429922 |
| National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp;27808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186289 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2442357 |
| Prologis, Inc. | &nbsp;&nbsp;&nbsp;301480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33388910 |
| Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;51621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15989605 |
| Rayonier, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1620835 |
| Realty Income Corp. | &nbsp;&nbsp;&nbsp;201903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12572500 |
| Regency Centers Corp. | &nbsp;&nbsp;&nbsp;&nbsp;50100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3031551 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3089489 |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1599938 |

---

<sub>48</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| SBA Communications Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35215 | &nbsp;&nbsp;&nbsp;&nbsp;9504528 |
| Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;106947 | &nbsp;&nbsp;&nbsp;&nbsp;11655084 |
| Spirit Realty Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44775 | &nbsp;&nbsp;&nbsp;&nbsp;1738613 |
| STAG Industrial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58921 | &nbsp;&nbsp;&nbsp;&nbsp;1861314 |
| STORE Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp;86452 | &nbsp;&nbsp;&nbsp;&nbsp;2749174 |
| Sun Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40364 | &nbsp;&nbsp;&nbsp;&nbsp;5443085 |
| Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;21648 | &nbsp;&nbsp;&nbsp;&nbsp;1236967 |
| UDR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;99710 | &nbsp;&nbsp;&nbsp;&nbsp;3964470 |
| Ventas, Inc. | &nbsp;&nbsp;&nbsp;130164 | &nbsp;&nbsp;&nbsp;&nbsp;5093317 |
| VICI Properties, Inc. | &nbsp;&nbsp;&nbsp;314545 | &nbsp;&nbsp;&nbsp;&nbsp;10071731 |
| Vornado Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;53164 | &nbsp;&nbsp;&nbsp;&nbsp;1254139 |
| Welltower, Inc. | &nbsp;&nbsp;&nbsp;151600 | &nbsp;&nbsp;&nbsp;&nbsp;9253664 |
| Weyerhaeuser Co. | &nbsp;&nbsp;&nbsp;242082 | &nbsp;&nbsp;&nbsp;&nbsp;7487596 |
| WP Carey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67899 | &nbsp;&nbsp;&nbsp;&nbsp;5180694 |
| Zillow Group, Inc., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;53602 | &nbsp;&nbsp;&nbsp;&nbsp;1654158 |
|  |  | **356539049** |
| &nbsp;&nbsp;**Retailing 5.5%** | &nbsp;&nbsp;**Retailing 5.5%** | &nbsp;&nbsp;**Retailing 5.5%** |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19748 | &nbsp;&nbsp;&nbsp;&nbsp;3750540 |
| Amazon.com, Inc. \* | 2893691 | &nbsp;&nbsp;296429706 |
| AutoNation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12644 | &nbsp;&nbsp;&nbsp;&nbsp;1344184 |
| AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6362 | &nbsp;&nbsp;&nbsp;&nbsp;16114183 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74583 | &nbsp;&nbsp;&nbsp;&nbsp;2489581 |
| Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65461 | &nbsp;&nbsp;&nbsp;&nbsp;4478187 |
| Burlington Stores, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21488 | &nbsp;&nbsp;&nbsp;&nbsp;3071924 |
| CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51895 | &nbsp;&nbsp;&nbsp;&nbsp;3269904 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18527 | &nbsp;&nbsp;&nbsp;&nbsp;2107631 |
| Dollar General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;74102 | &nbsp;&nbsp;&nbsp;&nbsp;18899715 |
| Dollar Tree, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;68997 | &nbsp;&nbsp;&nbsp;&nbsp;10936024 |
| DoorDash, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;85403 | &nbsp;&nbsp;&nbsp;&nbsp;3717593 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;179626 | &nbsp;&nbsp;&nbsp;&nbsp;7156300 |
| Etsy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41226 | &nbsp;&nbsp;&nbsp;&nbsp;3871534 |
| Five Below, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18014 | &nbsp;&nbsp;&nbsp;&nbsp;2636349 |
| Floor & Decor Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;34379 | &nbsp;&nbsp;&nbsp;&nbsp;2522387 |
| GameStop Corp., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;81948 | &nbsp;&nbsp;&nbsp;&nbsp;2319948 |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;46124 | &nbsp;&nbsp;&nbsp;&nbsp;8203615 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9002 | &nbsp;&nbsp;&nbsp;&nbsp;1783746 |
| LKQ Corp. | &nbsp;&nbsp;&nbsp;&nbsp;85153 | &nbsp;&nbsp;&nbsp;&nbsp;4737913 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;208633 | &nbsp;&nbsp;&nbsp;&nbsp;40673003 |
| Macy's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88168 | &nbsp;&nbsp;&nbsp;&nbsp;1838303 |
| Murphy USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7042 | &nbsp;&nbsp;&nbsp;&nbsp;2214779 |
| O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20809 | &nbsp;&nbsp;&nbsp;&nbsp;17420671 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950668 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12943 | &nbsp;&nbsp;&nbsp;&nbsp;3937649 |
| RH \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6523 | &nbsp;&nbsp;&nbsp;&nbsp;1656385 |
| Ross Stores, Inc. | &nbsp;&nbsp;&nbsp;114378 | &nbsp;&nbsp;&nbsp;&nbsp;10944831 |
| Target Corp. | &nbsp;&nbsp;&nbsp;151341 | &nbsp;&nbsp;&nbsp;&nbsp;24857759 |
| The Home Depot, Inc. | &nbsp;&nbsp;&nbsp;335506 | &nbsp;&nbsp;&nbsp;&nbsp;99353392 |
| The TJX Cos., Inc. | &nbsp;&nbsp;&nbsp;382491 | &nbsp;&nbsp;&nbsp;&nbsp;27577601 |
| Tractor Supply Co. | &nbsp;&nbsp;&nbsp;&nbsp;36285 | &nbsp;&nbsp;&nbsp;&nbsp;7974354 |
| Ulta Beauty, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16946 | &nbsp;&nbsp;&nbsp;&nbsp;7106644 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22475 | &nbsp;&nbsp;&nbsp;&nbsp;2783079 |
|  |  | **649130082** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.5%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.5%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.5%** |
| Advanced Micro Devices, Inc. \* | &nbsp;&nbsp;&nbsp;527201 | &nbsp;&nbsp;&nbsp;&nbsp;31663692 |
| Allegro MicroSystems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528985 |
| Amkor Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694740 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;169703 | &nbsp;&nbsp;&nbsp;&nbsp;24203042 |
| Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;284082 | &nbsp;&nbsp;&nbsp;&nbsp;25081600 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;131828 | &nbsp;&nbsp;&nbsp;&nbsp;61974979 |
| Cirrus Logic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18175 | &nbsp;&nbsp;&nbsp;&nbsp;1219906 |
| Enphase Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;44250 | &nbsp;&nbsp;&nbsp;&nbsp;13584750 |
| Entegris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48519 | &nbsp;&nbsp;&nbsp;&nbsp;3849498 |
| First Solar, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32247 | &nbsp;&nbsp;&nbsp;&nbsp;4694196 |
| GLOBALFOUNDRIES, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;22922 | &nbsp;&nbsp;&nbsp;&nbsp;1299677 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Intel Corp. | 1340286 | &nbsp;&nbsp;&nbsp;&nbsp;38104331 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;46313 | &nbsp;&nbsp;&nbsp;&nbsp;14655749 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44731 | &nbsp;&nbsp;&nbsp;&nbsp;18106214 |
| Lattice Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;45036 | &nbsp;&nbsp;&nbsp;&nbsp;2184696 |
| Marvell Technology, Inc. | &nbsp;&nbsp;&nbsp;277838 | &nbsp;&nbsp;&nbsp;&nbsp;11024612 |
| Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp;180481 | &nbsp;&nbsp;&nbsp;&nbsp;11142897 |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;360153 | &nbsp;&nbsp;&nbsp;&nbsp;19484277 |
| MKS Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18751 | &nbsp;&nbsp;&nbsp;&nbsp;1540395 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14466 | &nbsp;&nbsp;&nbsp;&nbsp;4910484 |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp;817600 | &nbsp;&nbsp;110351472 |
| NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp;&nbsp;85815 | &nbsp;&nbsp;&nbsp;&nbsp;12535855 |
| ON Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;141591 | &nbsp;&nbsp;&nbsp;&nbsp;8697935 |
| Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33613 | &nbsp;&nbsp;&nbsp;&nbsp;2893407 |
| QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;366624 | &nbsp;&nbsp;&nbsp;&nbsp;43136980 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52275 | &nbsp;&nbsp;&nbsp;&nbsp;4496173 |
| SolarEdge Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18114 | &nbsp;&nbsp;&nbsp;&nbsp;4166764 |
| Synaptics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13074 | &nbsp;&nbsp;&nbsp;&nbsp;1158356 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51121 | &nbsp;&nbsp;&nbsp;&nbsp;4158693 |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;298226 | &nbsp;&nbsp;&nbsp;&nbsp;47904042 |
| Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14283 | &nbsp;&nbsp;&nbsp;&nbsp;1360027 |
| Wolfspeed, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40261 | &nbsp;&nbsp;&nbsp;&nbsp;3170554 |
|  |  | **533978978** |
| &nbsp;&nbsp;**Software & Services 13.0%** | &nbsp;&nbsp;**Software & Services 13.0%** | &nbsp;&nbsp;**Software & Services 13.0%** |
| Accenture plc, Class A | &nbsp;&nbsp;&nbsp;206497 | &nbsp;&nbsp;&nbsp;&nbsp;58624498 |
| Adobe, Inc. \* | &nbsp;&nbsp;&nbsp;152806 | &nbsp;&nbsp;&nbsp;&nbsp;48668711 |
| Affirm Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;67206 | &nbsp;&nbsp;&nbsp;&nbsp;1348824 |
| Akamai Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51924 | &nbsp;&nbsp;&nbsp;&nbsp;4586447 |
| Amdocs Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;40160 | &nbsp;&nbsp;&nbsp;&nbsp;3466210 |
| ANSYS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28371 | &nbsp;&nbsp;&nbsp;&nbsp;6274530 |
| AppLovin Corp., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;39967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677840 |
| Aspen Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9370 | &nbsp;&nbsp;&nbsp;&nbsp;2262387 |
| Autodesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;70967 | &nbsp;&nbsp;&nbsp;&nbsp;15208228 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;135652 | &nbsp;&nbsp;&nbsp;&nbsp;32787088 |
| Bentley Systems, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;64123 | &nbsp;&nbsp;&nbsp;&nbsp;2262259 |
| Bill.com Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30547 | &nbsp;&nbsp;&nbsp;&nbsp;4073748 |
| Black Knight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;50707 | &nbsp;&nbsp;&nbsp;&nbsp;3066252 |
| Block, Inc. \* | &nbsp;&nbsp;&nbsp;173090 | &nbsp;&nbsp;&nbsp;&nbsp;10397516 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38146 | &nbsp;&nbsp;&nbsp;&nbsp;5724189 |
| Cadence Design Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;89477 | &nbsp;&nbsp;&nbsp;&nbsp;13545923 |
| CCC Intelligent Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317295 |
| Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49913 | &nbsp;&nbsp;&nbsp;&nbsp;3303741 |
| Cloudflare, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;92187 | &nbsp;&nbsp;&nbsp;&nbsp;5191972 |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;169259 | &nbsp;&nbsp;&nbsp;&nbsp;10536373 |
| Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14001 | &nbsp;&nbsp;&nbsp;&nbsp;1711342 |
| Coupa Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24400 | &nbsp;&nbsp;&nbsp;&nbsp;1298812 |
| Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;69730 | &nbsp;&nbsp;&nbsp;&nbsp;11240476 |
| Datadog, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;80824 | &nbsp;&nbsp;&nbsp;&nbsp;6507140 |
| DocuSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;65383 | &nbsp;&nbsp;&nbsp;&nbsp;3157999 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;20072 | &nbsp;&nbsp;&nbsp;&nbsp;1341612 |
| DoubleVerify Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609212 |
| Dropbox, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;89035 | &nbsp;&nbsp;&nbsp;&nbsp;1936511 |
| DXC Technology Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;75061 | &nbsp;&nbsp;&nbsp;&nbsp;2158004 |
| Dynatrace, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;65382 | &nbsp;&nbsp;&nbsp;&nbsp;2304062 |
| Elastic N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;25054 | &nbsp;&nbsp;&nbsp;&nbsp;1602203 |
| EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18692 | &nbsp;&nbsp;&nbsp;&nbsp;6542200 |
| Euronet Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15367 | &nbsp;&nbsp;&nbsp;&nbsp;1290982 |
| ExlService Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10805 | &nbsp;&nbsp;&nbsp;&nbsp;1964889 |
| Fair Isaac Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8255 | &nbsp;&nbsp;&nbsp;&nbsp;3952824 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp;198531 | &nbsp;&nbsp;&nbsp;&nbsp;16476088 |
| Fiserv, Inc. \* | &nbsp;&nbsp;&nbsp;208806 | &nbsp;&nbsp;&nbsp;&nbsp;21452728 |
| Five9, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22880 | &nbsp;&nbsp;&nbsp;&nbsp;1378749 |
| FleetCor Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24512 | &nbsp;&nbsp;&nbsp;&nbsp;4562173 |
| Fortinet, Inc. \* | &nbsp;&nbsp;&nbsp;213847 | &nbsp;&nbsp;&nbsp;&nbsp;12223495 |

---

<sub>49</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7807047 |
| Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;54794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2657509 |
| Global Payments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;90585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10350242 |
| GoDaddy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;51100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4108440 |
| Guidewire Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1615536 |
| HubSpot, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4651247 |
| Informatica, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;12317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238457 |
| International Business Machines Corp. | &nbsp;&nbsp;&nbsp;294834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40772594 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;92115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39379163 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4752956 |
| Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2480608 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;278534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91409288 |
| Microsoft Corp. | 2434860 | &nbsp;&nbsp;&nbsp;&nbsp;565204052 |
| MongoDB, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4064364 |
| NCR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;44759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951576 |
| NortonLifeLock, Inc. | &nbsp;&nbsp;&nbsp;193505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4359668 |
| Nutanix, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;72710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1992254 |
| Okta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2766772 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;495923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38716709 |
| Palantir Technologies, Inc., Class A \* | &nbsp;&nbsp;&nbsp;570720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5016629 |
| Palo Alto Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;97621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16750787 |
| Paychex, Inc. | &nbsp;&nbsp;&nbsp;104700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12387057 |
| Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5470952 |
| Paycor HCM, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467989 |
| Paylocity Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;13357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3096019 |
| PayPal Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;377666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31565324 |
| Procore Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1217224 |
| PTC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4075386 |
| Qualys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625469 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14354277 |
| Salesforce, Inc. \* | &nbsp;&nbsp;&nbsp;324908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52826792 |
| SentinelOne, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;65128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1487524 |
| ServiceNow, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;65964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27753693 |
| Smartsheet, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;42623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1488395 |
| Snowflake, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;92463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14821819 |
| Splunk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;48359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019116 |
| SPS Commerce, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1486104 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3714889 |
| Switch, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;45331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1543521 |
| Synopsys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14617846 |
| Tenable Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480353 |
| The Western Union Co. | &nbsp;&nbsp;&nbsp;125768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1699126 |
| Toast, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;98300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2171447 |
| Twilio, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;56705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4217151 |
| Tyler Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4389851 |
| UiPath, Inc., Class A \* | &nbsp;&nbsp;&nbsp;113097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1430677 |
| Unity Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;58389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1722476 |
| VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6116636 |
| Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;533775 | &nbsp;&nbsp;&nbsp;&nbsp;110576829 |
| VMware, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;67530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7599151 |
| WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2359348 |
| Workday, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;65052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10136403 |
| Zendesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3074425 |
| Zoom Video Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;72372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6038720 |
| Zscaler, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4213556 |
|  |  | **1551326975** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 8.2%** | &nbsp;&nbsp;**Technology Hardware & Equipment 8.2%** | &nbsp;&nbsp;**Technology Hardware & Equipment 8.2%** |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;194334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14736347 |
| Apple Inc. | 4932019 | &nbsp;&nbsp;&nbsp;&nbsp;756275793 |
| Arista Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;80557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9736119 |
| Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2117245 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7620921 |
| Ciena Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;48788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2336945 |
| Cisco Systems, Inc. | 1352033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61422859 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56281 | &nbsp;&nbsp;&nbsp;&nbsp;2601871 |
| Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;42123 | &nbsp;&nbsp;&nbsp;&nbsp;1415754 |
| Corning, Inc. | &nbsp;&nbsp;&nbsp;248062 | &nbsp;&nbsp;&nbsp;&nbsp;7980155 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;86811 | &nbsp;&nbsp;&nbsp;&nbsp;3333542 |
| F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19415 | &nbsp;&nbsp;&nbsp;&nbsp;2774598 |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp;422739 | &nbsp;&nbsp;&nbsp;&nbsp;6032485 |
| HP, Inc. | &nbsp;&nbsp;&nbsp;297386 | &nbsp;&nbsp;&nbsp;&nbsp;8213801 |
| IPG Photonics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;10749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920759 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44836 | &nbsp;&nbsp;&nbsp;&nbsp;2880713 |
| Juniper Networks, Inc. | &nbsp;&nbsp;&nbsp;104827 | &nbsp;&nbsp;&nbsp;&nbsp;3207706 |
| Keysight Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;58791 | &nbsp;&nbsp;&nbsp;&nbsp;10238453 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8104 | &nbsp;&nbsp;&nbsp;&nbsp;1784906 |
| Lumentum Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22425 | &nbsp;&nbsp;&nbsp;&nbsp;1669541 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54546 | &nbsp;&nbsp;&nbsp;&nbsp;13620682 |
| National Instruments Corp. | &nbsp;&nbsp;&nbsp;&nbsp;42750 | &nbsp;&nbsp;&nbsp;&nbsp;1632195 |
| NetApp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;71702 | &nbsp;&nbsp;&nbsp;&nbsp;4966798 |
| Novanta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11729 | &nbsp;&nbsp;&nbsp;&nbsp;1658481 |
| Pure Storage, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;90559 | &nbsp;&nbsp;&nbsp;&nbsp;2794651 |
| Rogers Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6118 | &nbsp;&nbsp;&nbsp;&nbsp;1439749 |
| Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;63779 | &nbsp;&nbsp;&nbsp;&nbsp;3167265 |
| TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13774 | &nbsp;&nbsp;&nbsp;&nbsp;1260459 |
| TE Connectivity Ltd. | &nbsp;&nbsp;&nbsp;104474 | &nbsp;&nbsp;&nbsp;&nbsp;12769857 |
| Teledyne Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15329 | &nbsp;&nbsp;&nbsp;&nbsp;6100635 |
| Trimble, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;80735 | &nbsp;&nbsp;&nbsp;&nbsp;4857018 |
| Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478515 |
| Western Digital Corp. \* | &nbsp;&nbsp;&nbsp;101783 | &nbsp;&nbsp;&nbsp;&nbsp;3498282 |
| Zebra Technologies Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;16900 | &nbsp;&nbsp;&nbsp;&nbsp;4786418 |
|  |  | **970331518** |
| &nbsp;&nbsp;**Telecommunication Services 1.1%** | &nbsp;&nbsp;**Telecommunication Services 1.1%** | &nbsp;&nbsp;**Telecommunication Services 1.1%** |
| AT&T, Inc. | 2326173 | &nbsp;&nbsp;&nbsp;&nbsp;42406134 |
| Frontier Communications Parent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;72723 | &nbsp;&nbsp;&nbsp;&nbsp;1703173 |
| Iridium Communications, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41810 | &nbsp;&nbsp;&nbsp;&nbsp;2154469 |
| Liberty Global plc, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;90454 | &nbsp;&nbsp;&nbsp;&nbsp;1597417 |
| Lumen Technologies, Inc. | &nbsp;&nbsp;&nbsp;311855 | &nbsp;&nbsp;&nbsp;&nbsp;2295253 |
| T-Mobile US, Inc. \* | &nbsp;&nbsp;&nbsp;196523 | &nbsp;&nbsp;&nbsp;&nbsp;29785026 |
| Verizon Communications, Inc. | 1371011 | &nbsp;&nbsp;&nbsp;&nbsp;51234681 |
|  |  | **131176153** |
| &nbsp;&nbsp;**Transportation 1.8%** | &nbsp;&nbsp;**Transportation 1.8%** | &nbsp;&nbsp;**Transportation 1.8%** |
| Alaska Air Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41600 | &nbsp;&nbsp;&nbsp;&nbsp;1849536 |
| AMERCO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3231 | &nbsp;&nbsp;&nbsp;&nbsp;1858439 |
| American Airlines Group, Inc. \* | &nbsp;&nbsp;&nbsp;211014 | &nbsp;&nbsp;&nbsp;&nbsp;2992178 |
| Avis Budget Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9431 | &nbsp;&nbsp;&nbsp;&nbsp;2230054 |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40498 | &nbsp;&nbsp;&nbsp;&nbsp;3957465 |
| CSX Corp. | &nbsp;&nbsp;&nbsp;698960 | &nbsp;&nbsp;&nbsp;&nbsp;20311778 |
| Delta Air Lines, Inc. \* | &nbsp;&nbsp;&nbsp;209843 | &nbsp;&nbsp;&nbsp;&nbsp;7119973 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53458 | &nbsp;&nbsp;&nbsp;&nbsp;5230865 |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;78070 | &nbsp;&nbsp;&nbsp;&nbsp;12513060 |
| GXO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38675 | &nbsp;&nbsp;&nbsp;&nbsp;1413184 |
| Hertz Global Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;58900 | &nbsp;&nbsp;&nbsp;&nbsp;1083760 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27135 | &nbsp;&nbsp;&nbsp;&nbsp;4641984 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52573 | &nbsp;&nbsp;&nbsp;&nbsp;2525081 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11826 | &nbsp;&nbsp;&nbsp;&nbsp;1847458 |
| Lyft, Inc., Class A \* | &nbsp;&nbsp;&nbsp;100086 | &nbsp;&nbsp;&nbsp;&nbsp;1465259 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;76682 | &nbsp;&nbsp;&nbsp;&nbsp;17488864 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29913 | &nbsp;&nbsp;&nbsp;&nbsp;8214110 |
| Saia, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8658 | &nbsp;&nbsp;&nbsp;&nbsp;1721730 |
| Southwest Airlines Co. \* | &nbsp;&nbsp;&nbsp;193379 | &nbsp;&nbsp;&nbsp;&nbsp;7029327 |
| Uber Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;646669 | &nbsp;&nbsp;&nbsp;&nbsp;17181995 |
| Union Pacific Corp. | &nbsp;&nbsp;&nbsp;203838 | &nbsp;&nbsp;&nbsp;&nbsp;40184623 |
| United Airlines Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;106722 | &nbsp;&nbsp;&nbsp;&nbsp;4597584 |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp;238792 | &nbsp;&nbsp;&nbsp;&nbsp;40062134 |

---

<sub>50</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| XPO Logistics, Inc. \* | &nbsp;&nbsp;37571 | &nbsp;&nbsp;&nbsp;&nbsp;1943923 |
|  |  | **209464364** |
| &nbsp;&nbsp;**Utilities 2.9%** | &nbsp;&nbsp;**Utilities 2.9%** | &nbsp;&nbsp;**Utilities 2.9%** |
| Alliant Energy Corp. | &nbsp;&nbsp;81683 | &nbsp;&nbsp;&nbsp;&nbsp;4261402 |
| Ameren Corp. | &nbsp;&nbsp;84273 | &nbsp;&nbsp;&nbsp;&nbsp;6869935 |
| American Electric Power Co., Inc. | 167876 | &nbsp;&nbsp;&nbsp;&nbsp;14759658 |
| American Water Works Co., Inc. | &nbsp;&nbsp;59332 | &nbsp;&nbsp;&nbsp;&nbsp;8623313 |
| Atmos Energy Corp. | &nbsp;&nbsp;45586 | &nbsp;&nbsp;&nbsp;&nbsp;4857188 |
| Avangrid, Inc. | &nbsp;&nbsp;23070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938488 |
| Black Hills Corp. | &nbsp;&nbsp;21135 | &nbsp;&nbsp;&nbsp;&nbsp;1381595 |
| CenterPoint Energy, Inc. | 205368 | &nbsp;&nbsp;&nbsp;&nbsp;5875578 |
| CMS Energy Corp. | &nbsp;&nbsp;94580 | &nbsp;&nbsp;&nbsp;&nbsp;5395789 |
| Consolidated Edison, Inc. | 115701 | &nbsp;&nbsp;&nbsp;&nbsp;10177060 |
| Constellation Energy Corp. | 106519 | &nbsp;&nbsp;&nbsp;&nbsp;10070306 |
| Dominion Energy, Inc. | 271872 | &nbsp;&nbsp;&nbsp;&nbsp;19022884 |
| DTE Energy Co. | &nbsp;&nbsp;63328 | &nbsp;&nbsp;&nbsp;&nbsp;7099702 |
| Duke Energy Corp. | 251357 | &nbsp;&nbsp;&nbsp;&nbsp;23421445 |
| Edison International | 124249 | &nbsp;&nbsp;&nbsp;&nbsp;7459910 |
| Entergy Corp. | &nbsp;&nbsp;66283 | &nbsp;&nbsp;&nbsp;&nbsp;7101561 |
| Essential Utilities, Inc. | &nbsp;&nbsp;77536 | &nbsp;&nbsp;&nbsp;&nbsp;3428642 |
| Evergy, Inc. | &nbsp;&nbsp;74709 | &nbsp;&nbsp;&nbsp;&nbsp;4566961 |
| Eversource Energy | 113276 | &nbsp;&nbsp;&nbsp;&nbsp;8640693 |
| Exelon Corp. | 324093 | &nbsp;&nbsp;&nbsp;&nbsp;12506749 |
| FirstEnergy Corp. | 177472 | &nbsp;&nbsp;&nbsp;&nbsp;6692469 |
| Hawaiian Electric Industries, Inc. | &nbsp;&nbsp;35479 | &nbsp;&nbsp;&nbsp;&nbsp;1349621 |
| IDACORP, Inc. | &nbsp;&nbsp;16635 | &nbsp;&nbsp;&nbsp;&nbsp;1741684 |
| National Fuel Gas Co. | &nbsp;&nbsp;29908 | &nbsp;&nbsp;&nbsp;&nbsp;2018491 |
| New Jersey Resources Corp. | &nbsp;&nbsp;31403 | &nbsp;&nbsp;&nbsp;&nbsp;1401830 |
| NextEra Energy, Inc. | 641572 | &nbsp;&nbsp;&nbsp;&nbsp;49721830 |
| NiSource, Inc. | 132847 | &nbsp;&nbsp;&nbsp;&nbsp;3412839 |
| NRG Energy, Inc. | &nbsp;&nbsp;76540 | &nbsp;&nbsp;&nbsp;&nbsp;3398376 |
| OGE Energy Corp. | &nbsp;&nbsp;65125 | &nbsp;&nbsp;&nbsp;&nbsp;2385529 |
| ONE Gas, Inc. | &nbsp;&nbsp;17650 | &nbsp;&nbsp;&nbsp;&nbsp;1367522 |
| Ormat Technologies, Inc. | &nbsp;&nbsp;14653 | &nbsp;&nbsp;&nbsp;&nbsp;1325364 |
| PG&E Corp. \* | 526036 | &nbsp;&nbsp;&nbsp;&nbsp;7853717 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;37006 | &nbsp;&nbsp;&nbsp;&nbsp;2487173 |
| PNM Resources, Inc. | &nbsp;&nbsp;27978 | &nbsp;&nbsp;&nbsp;&nbsp;1300138 |
| Portland General Electric Co. | &nbsp;&nbsp;28961 | &nbsp;&nbsp;&nbsp;&nbsp;1301507 |
| PPL Corp. | 239695 | &nbsp;&nbsp;&nbsp;&nbsp;6349521 |
| Public Service Enterprise Group, Inc. | 163096 | &nbsp;&nbsp;&nbsp;&nbsp;9144793 |
| Sempra Energy | 102657 | &nbsp;&nbsp;&nbsp;&nbsp;15495048 |
| South Jersey Industries, Inc. | &nbsp;&nbsp;40155 | &nbsp;&nbsp;&nbsp;&nbsp;1392174 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;20127 | &nbsp;&nbsp;&nbsp;&nbsp;1470680 |
| The AES Corp. | 217374 | &nbsp;&nbsp;&nbsp;&nbsp;5686504 |
| The Southern Co. | 347099 | &nbsp;&nbsp;&nbsp;&nbsp;22728043 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| UGI Corp. | &nbsp;&nbsp;67991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2402122 |
| Vistra Corp. | 128068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2941722 |
| WEC Energy Group, Inc. | 103139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9419685 |
| Xcel Energy, Inc. | 178917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11649286 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**342896527** |
| **Total Common Stocks<br> (Cost $3,290,259,237)** | **Total Common Stocks<br> (Cost $3,290,259,237)** | **11831294018** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS 0.6% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.6% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.6% OF NET ASSETS** |
| &nbsp;&nbsp;**Money Market Funds 0.6%** | &nbsp;&nbsp;**Money Market Funds 0.6%** | &nbsp;&nbsp;**Money Market Funds 0.6%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)* | 56315472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56315472 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)(d)* | 11148600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11148600 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67464072** |
| **Total Short-Term Investments<br> (Cost $67,464,072)** | **Total Short-Term Investments<br> (Cost $67,464,072)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67464072** |
| **Total Investments in Securities<br> (Cost $3,357,723,309)** | **Total Investments in Securities<br> (Cost $3,357,723,309)** | **11898758090** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| S&P 500 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55721050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1748573** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $10,725,058.

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

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

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

REIT — Real Estate Investment Trust

Below is a summary of the fund's transactions with affiliated issuers during the period ended October 31, 2022:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 10/31/21 | PURCHASES | SALES | REALIZED <br> GAINS (LOSSES) | NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) | VALUE AT<br> 10/31/22 | BALANCE <br> OF SHARES<br> HELD AT<br> 10/31/22 | DIVIDENDS <br> RECEIVED |
| **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** |
| **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** |
| The Charles Schwab Corp. | $39021425 | $1641146 | ($162866) | ($27508) | ($940182) | **$39532015** | 496197 | $385674 |

---

<sub>51</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$11831294018 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$11831294018 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67464072 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67464072 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748573 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748573 |
| **Total** | **$11900506663** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$11900506663** |

---

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.

<sub>52</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated (cost $5,291,952) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$39532015 |
| Investments in securities, at value - unaffiliated (cost $3,352,431,357) including securities on loan of $10,725,058 |  | &nbsp;&nbsp;&nbsp;11859226075 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11867524 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3660000 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8976097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6691489 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52724 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**11930005924** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11148600 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments bought |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22467303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7521166 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311463 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**41901780** |
| **Net assets** |  | **$11888104144** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;&nbsp;$3281992498 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;&nbsp;8606111646 |
| **Net assets** |  | **$11888104144** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $11888104144 |  | 141466820 |  | $84.03 |

---

<sub>53</sub>

Schwab Equity Index Funds \| Annual Report

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $45,162) |  | &nbsp;&nbsp;&nbsp;&nbsp;$187505742 |
| Dividends received from securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385674 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509697 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**188401113** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6461785 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594498 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7056283** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**181344830** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27508) |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(83154477) |
| Net realized gains on sales of in-kind redemptions - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118772535 |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10990124) |
| **Net realized gains** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24600426** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(940182) |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(2587358510) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(344068) |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(2588642760)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(2564042334)** |
| **Decrease in net assets resulting from operations** |  | **($2382697504)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

<sub>54</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab 1000 Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;$181344830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$171096348 |
| Net realized gains |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24600426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158449688 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(2588642760) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3932270152 |
| **Increase (decrease) in net assets resulting from operations** |  | **($2382697504)** | &nbsp;&nbsp;&nbsp;**$4261816188** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;**($249966849)** | &nbsp;&nbsp;&nbsp;&nbsp;**($306286999)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;15172044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1385599712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15568422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1394601301 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;1982815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202881568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3026807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250256414 |
| Shares redeemed | + | &nbsp;&nbsp;(14187727) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1289927639) | &nbsp;&nbsp;&nbsp;&nbsp;(12663564) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1152112463) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;&nbsp;**2967132** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$298553641** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5931665** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$492745252** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;138499688 | &nbsp;&nbsp;&nbsp;&nbsp;$14222214856 | &nbsp;&nbsp;&nbsp;&nbsp;132568023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9773940415 |
| Total increase (decrease) | + | &nbsp;&nbsp;&nbsp;&nbsp;2967132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2334110712) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5931665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4448274441 |
| **End of period** |  | **141466820** | &nbsp;&nbsp;&nbsp;**$11888104144** | &nbsp;&nbsp;&nbsp;**138499688** | &nbsp;&nbsp;&nbsp;**$14222214856** |

---

<sub>55</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/17– <br> 10/31/18 |
| **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;$39.97 | &nbsp;&nbsp;$27.18 | &nbsp;&nbsp;$28.84 | &nbsp;&nbsp;$30.48 | &nbsp;&nbsp;$31.45 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;0.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;(7.31) | &nbsp;&nbsp;&nbsp;&nbsp;13.29 | &nbsp;&nbsp;&nbsp;&nbsp;(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;0.54 | &nbsp;&nbsp;&nbsp;&nbsp;0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6.91) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.63 |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.42) | &nbsp;&nbsp;&nbsp;&nbsp;(0.38) | &nbsp;&nbsp;&nbsp;&nbsp;(0.42) | &nbsp;&nbsp;&nbsp;&nbsp;(0.40) | &nbsp;&nbsp;&nbsp;&nbsp;(0.39) |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;(2.77) | &nbsp;&nbsp;&nbsp;&nbsp;(0.49) | &nbsp;&nbsp;&nbsp;&nbsp;(1.36) | &nbsp;&nbsp;&nbsp;&nbsp;(2.18) | &nbsp;&nbsp;&nbsp;&nbsp;(1.21) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.87) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.78) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.58) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.60) |
| Net asset value at end of period | &nbsp;&nbsp;$29.87 | &nbsp;&nbsp;$39.97 | &nbsp;&nbsp;$27.18 | &nbsp;&nbsp;$28.84 | &nbsp;&nbsp;$30.48 |
| Total return | &nbsp;&nbsp;&nbsp;(18.53%) | &nbsp;&nbsp;&nbsp;&nbsp;50.82% | &nbsp;&nbsp;&nbsp;&nbsp;0.00% | &nbsp;&nbsp;&nbsp;&nbsp;4.95% | &nbsp;&nbsp;&nbsp;&nbsp;1.93% |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;0.04% <sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;0.04% <sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;1.25% | &nbsp;&nbsp;&nbsp;&nbsp;0.98% | &nbsp;&nbsp;&nbsp;&nbsp;1.31% | &nbsp;&nbsp;&nbsp;&nbsp;1.43% | &nbsp;&nbsp;&nbsp;&nbsp;1.33% |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16% <sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19% <sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17% |
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp;$5372 | &nbsp;&nbsp;$6587 | &nbsp;&nbsp;$3988 | &nbsp;&nbsp;$4187 | &nbsp;&nbsp;$3874 |

---

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

<sup>2</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sup>3</sup> Effective December 20, 2018, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 10/31/19 is a blended ratio.

<sup>4</sup> Portfolio turnover rate excludes in-kind transactions.

<sub>56</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 99.8% OF NET ASSETS** | **COMMON STOCKS 99.8% OF NET ASSETS** | **COMMON STOCKS 99.8% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 1.6%** | &nbsp;&nbsp;**Automobiles & Components 1.6%** | &nbsp;&nbsp;**Automobiles & Components 1.6%** |
| Adient plc \* | 212356 | &nbsp;&nbsp;&nbsp;&nbsp;7428213 |
| American Axle & Manufacturing Holdings, Inc. \* | 253407 | &nbsp;&nbsp;&nbsp;&nbsp;2455514 |
| Canoo, Inc. *\*(a)* | 311031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426112 |
| Cenntro Electric Group Ltd. \* | 416026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424346 |
| Dana, Inc. | 288723 | &nbsp;&nbsp;&nbsp;&nbsp;4608019 |
| Dorman Products, Inc. \* | &nbsp;&nbsp;58962 | &nbsp;&nbsp;&nbsp;&nbsp;4812478 |
| Faraday Future Intelligent Electric, Inc. *\*(a)* | 224288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121138 |
| Fisker, Inc. *\*(a)* | 363951 | &nbsp;&nbsp;&nbsp;&nbsp;2966201 |
| Fox Factory Holding Corp. \* | &nbsp;&nbsp;94915 | &nbsp;&nbsp;&nbsp;&nbsp;8338283 |
| Gentherm, Inc. \* | &nbsp;&nbsp;74109 | &nbsp;&nbsp;&nbsp;&nbsp;4329448 |
| Holley, Inc. *\*(a)* | 116742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464633 |
| LCI Industries | &nbsp;&nbsp;55588 | &nbsp;&nbsp;&nbsp;&nbsp;5898443 |
| Lordstown Motors Corp., Class A *\*(a)* | 375943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680457 |
| Luminar Technologies, Inc. *\*(a)* | 551669 | &nbsp;&nbsp;&nbsp;&nbsp;4463002 |
| Modine Manufacturing Co. \* | 111127 | &nbsp;&nbsp;&nbsp;&nbsp;1991396 |
| Motorcar Parts of America, Inc. \* | &nbsp;&nbsp;42004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798076 |
| Mullen Automotive, Inc. \* | 726941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346315 |
| Patrick Industries, Inc. | &nbsp;&nbsp;49157 | &nbsp;&nbsp;&nbsp;&nbsp;2246966 |
| Solid Power, Inc. *\*(a)* | 294436 | &nbsp;&nbsp;&nbsp;&nbsp;1651786 |
| Standard Motor Products, Inc. | &nbsp;&nbsp;45313 | &nbsp;&nbsp;&nbsp;&nbsp;1718722 |
| Stoneridge, Inc. \* | &nbsp;&nbsp;58775 | &nbsp;&nbsp;&nbsp;&nbsp;1226634 |
| Tenneco, Inc., Class A \* | 184621 | &nbsp;&nbsp;&nbsp;&nbsp;3637034 |
| The Goodyear Tire & Rubber Co. \* | 627700 | &nbsp;&nbsp;&nbsp;&nbsp;7971790 |
| Visteon Corp. \* | &nbsp;&nbsp;62240 | &nbsp;&nbsp;&nbsp;&nbsp;8120453 |
| Winnebago Industries, Inc. | &nbsp;&nbsp;69474 | &nbsp;&nbsp;&nbsp;&nbsp;4146903 |
| Workhorse Group, Inc. *\*(a)* | 340701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919893 |
| XPEL, Inc. \* | &nbsp;&nbsp;48179 | &nbsp;&nbsp;&nbsp;&nbsp;3333505 |
|  |  | **85525760** |
| &nbsp;&nbsp;**Banks 11.7%** | &nbsp;&nbsp;**Banks 11.7%** | &nbsp;&nbsp;**Banks 11.7%** |
| 1st Source Corp. | &nbsp;&nbsp;36060 | &nbsp;&nbsp;&nbsp;&nbsp;2097250 |
| ACNB Corp. | &nbsp;&nbsp;18607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680830 |
| Amalgamated Financial Corp. | &nbsp;&nbsp;30875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709816 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp;61761 | &nbsp;&nbsp;&nbsp;&nbsp;1859006 |
| American National Bankshares, Inc. | &nbsp;&nbsp;23233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849631 |
| Ameris Bancorp | 148069 | &nbsp;&nbsp;&nbsp;&nbsp;7627034 |
| Arrow Financial Corp. | &nbsp;&nbsp;31711 | &nbsp;&nbsp;&nbsp;&nbsp;1104177 |
| Associated Banc-Corp. | 333828 | &nbsp;&nbsp;&nbsp;&nbsp;8128712 |
| Atlantic Union Bankshares Corp. | 167549 | &nbsp;&nbsp;&nbsp;&nbsp;5787142 |
| Axos Financial, Inc. \* | 128220 | &nbsp;&nbsp;&nbsp;&nbsp;4995451 |
| Banc of California, Inc. | 118235 | &nbsp;&nbsp;&nbsp;&nbsp;1972160 |
| BancFirst Corp. | &nbsp;&nbsp;43985 | &nbsp;&nbsp;&nbsp;&nbsp;4214643 |
| Bank First Corp. | &nbsp;&nbsp;14235 | &nbsp;&nbsp;&nbsp;&nbsp;1226345 |
| Bank of Marin Bancorp | &nbsp;&nbsp;34867 | &nbsp;&nbsp;&nbsp;&nbsp;1258699 |
| BankUnited, Inc. | 174139 | &nbsp;&nbsp;&nbsp;&nbsp;6260297 |
| Bankwell Financial Group, Inc. | &nbsp;&nbsp;12382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379384 |
| Banner Corp. | &nbsp;&nbsp;76461 | &nbsp;&nbsp;&nbsp;&nbsp;5715460 |
| Bar Harbor Bankshares | &nbsp;&nbsp;33024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991050 |
| Baycom Corp. | &nbsp;&nbsp;28223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542728 |
| BCB Bancorp, Inc. | &nbsp;&nbsp;32457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637780 |
| Berkshire Hills Bancorp, Inc. | &nbsp;&nbsp;98494 | &nbsp;&nbsp;&nbsp;&nbsp;2880949 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Blue Foundry Bancorp \* | &nbsp;&nbsp;58885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724874 |
| Blue Ridge Bankshares, Inc. | &nbsp;&nbsp;38550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503078 |
| Bridgewater Bancshares, Inc. \* | &nbsp;&nbsp;45382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867704 |
| Brookline Bancorp, Inc. | 168656 | &nbsp;&nbsp;&nbsp;2319020 |
| Business First Bancshares, Inc. | &nbsp;&nbsp;47345 | &nbsp;&nbsp;&nbsp;1173209 |
| Byline Bancorp, Inc. | &nbsp;&nbsp;55216 | &nbsp;&nbsp;&nbsp;1276594 |
| Cadence Bank | 405840 | 11221476 |
| Cambridge Bancorp | &nbsp;&nbsp;15343 | &nbsp;&nbsp;&nbsp;1347883 |
| Camden National Corp. | &nbsp;&nbsp;32307 | &nbsp;&nbsp;&nbsp;1406001 |
| Capital Bancorp, Inc. | &nbsp;&nbsp;20392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503275 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp;30238 | &nbsp;&nbsp;&nbsp;1071030 |
| Capitol Federal Financial, Inc. | 291367 | &nbsp;&nbsp;&nbsp;2383382 |
| Capstar Financial Holdings, Inc. | &nbsp;&nbsp;45528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804935 |
| Carter Bankshares, Inc. \* | &nbsp;&nbsp;54487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975317 |
| Cathay General Bancorp | 161034 | &nbsp;&nbsp;&nbsp;7343150 |
| Central Pacific Financial Corp. | &nbsp;&nbsp;60113 | &nbsp;&nbsp;&nbsp;1233519 |
| Citizens & Northern Corp. | &nbsp;&nbsp;33752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802623 |
| City Holding Co. | &nbsp;&nbsp;32925 | &nbsp;&nbsp;&nbsp;3320486 |
| Civista Bancshares, Inc. | &nbsp;&nbsp;33937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804307 |
| CNB Financial Corp. | &nbsp;&nbsp;36036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916035 |
| Coastal Financial Corp. \* | &nbsp;&nbsp;23292 | &nbsp;&nbsp;&nbsp;1085873 |
| Colony Bankcorp, Inc. | &nbsp;&nbsp;37078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511676 |
| Columbia Banking System, Inc. | 176282 | &nbsp;&nbsp;&nbsp;5900159 |
| Columbia Financial, Inc. \* | &nbsp;&nbsp;76509 | &nbsp;&nbsp;&nbsp;1571495 |
| Community Bank System, Inc. | 119461 | &nbsp;&nbsp;&nbsp;7457950 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp;35110 | &nbsp;&nbsp;&nbsp;1660352 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;83029 | &nbsp;&nbsp;&nbsp;2079876 |
| CrossFirst Bankshares, Inc. \* | 102256 | &nbsp;&nbsp;&nbsp;1422381 |
| Customers Bancorp, Inc. \* | &nbsp;&nbsp;68385 | &nbsp;&nbsp;&nbsp;2303891 |
| CVB Financial Corp. | 298272 | &nbsp;&nbsp;&nbsp;8566372 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp;72718 | &nbsp;&nbsp;&nbsp;2510953 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp;70935 | &nbsp;&nbsp;&nbsp;3211937 |
| Eastern Bankshares, Inc. | 348885 | &nbsp;&nbsp;&nbsp;6688125 |
| Enact Holdings, Inc. | &nbsp;&nbsp;67464 | &nbsp;&nbsp;&nbsp;1729777 |
| Enterprise Bancorp, Inc. | &nbsp;&nbsp;21008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657130 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp;78898 | &nbsp;&nbsp;&nbsp;4218676 |
| Equity Bancshares, Inc., Class A | &nbsp;&nbsp;33945 | &nbsp;&nbsp;&nbsp;1212515 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;15613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705395 |
| Essent Group Ltd. | 235723 | &nbsp;&nbsp;&nbsp;9329916 |
| Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;27128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793765 |
| Farmers National Banc Corp. | &nbsp;&nbsp;70143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963765 |
| FB Financial Corp. | &nbsp;&nbsp;80072 | &nbsp;&nbsp;&nbsp;3359821 |
| Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;20306 | &nbsp;&nbsp;&nbsp;2339251 |
| Finance Of America Cos., Inc., Class A \* | &nbsp;&nbsp;85397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137489 |
| Financial Institutions, Inc. | &nbsp;&nbsp;34041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811197 |
| First BanCorp | 415077 | &nbsp;&nbsp;&nbsp;6554066 |
| First Bancorp/Southern Pines NC | &nbsp;&nbsp;78969 | &nbsp;&nbsp;&nbsp;3519648 |
| First Bank | &nbsp;&nbsp;35240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553973 |
| First Busey Corp. | 115679 | &nbsp;&nbsp;&nbsp;3055082 |
| First Business Financial Services, Inc. | &nbsp;&nbsp;18093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690248 |
| First Commonwealth Financial Corp. | 208992 | &nbsp;&nbsp;&nbsp;2996945 |
| First Community Bankshares, Inc. | &nbsp;&nbsp;35652 | &nbsp;&nbsp;&nbsp;1327680 |
| First Financial Bancorp | 208444 | &nbsp;&nbsp;&nbsp;5434135 |
| First Financial Bankshares, Inc. | 290814 | 11193431 |
| First Financial Corp. | &nbsp;&nbsp;24743 | &nbsp;&nbsp;&nbsp;1199788 |
| First Foundation, Inc. | 114011 | &nbsp;&nbsp;&nbsp;1819616 |
| First Guaranty Bancshares, Inc. | &nbsp;&nbsp;13326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307431 |

---

<sub>57</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| First Internet Bancorp | &nbsp;&nbsp;19897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511154 |
| First Interstate BancSystem, Inc., Class A | 204522 | &nbsp;&nbsp;&nbsp;9328248 |
| First Merchants Corp. | 128063 | &nbsp;&nbsp;&nbsp;5750029 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp;41796 | &nbsp;&nbsp;&nbsp;1496715 |
| First Western Financial, Inc. \* | &nbsp;&nbsp;17910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494495 |
| Five Star Bancorp | &nbsp;&nbsp;28118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815703 |
| Flagstar Bancorp, Inc. | 116965 | &nbsp;&nbsp;&nbsp;4526545 |
| Flushing Financial Corp. | &nbsp;&nbsp;63498 | &nbsp;&nbsp;&nbsp;1250911 |
| Fulton Financial Corp. | 362875 | &nbsp;&nbsp;&nbsp;6615211 |
| FVCBankcorp, Inc. \* | &nbsp;&nbsp;27013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548904 |
| German American Bancorp, Inc. | &nbsp;&nbsp;62101 | &nbsp;&nbsp;&nbsp;2439948 |
| Glacier Bancorp, Inc. | 248734 | 14247484 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp;20817 | &nbsp;&nbsp;&nbsp;1290238 |
| Greene County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496170 |
| Guaranty Bancshares, Inc. | &nbsp;&nbsp;18335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678945 |
| Hancock Whitney Corp. | 192841 | 10774027 |
| Hanmi Financial Corp. | &nbsp;&nbsp;67719 | &nbsp;&nbsp;&nbsp;1813515 |
| HarborOne Bancorp, Inc. | &nbsp;&nbsp;99628 | &nbsp;&nbsp;&nbsp;1517334 |
| HBT Financial, Inc. | &nbsp;&nbsp;23136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471743 |
| Heartland Financial USA, Inc. | &nbsp;&nbsp;91896 | &nbsp;&nbsp;&nbsp;4532311 |
| Heritage Commerce Corp. | 131573 | &nbsp;&nbsp;&nbsp;1881494 |
| Heritage Financial Corp. | &nbsp;&nbsp;77587 | &nbsp;&nbsp;&nbsp;2613906 |
| Hilltop Holdings, Inc. | 111586 | &nbsp;&nbsp;&nbsp;3230415 |
| Home Bancorp, Inc. | &nbsp;&nbsp;16460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703665 |
| Home BancShares, Inc. | 425459 | 10844950 |
| Home Point Capital, Inc. | &nbsp;&nbsp;19614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34128 |
| HomeStreet, Inc. | &nbsp;&nbsp;40307 | &nbsp;&nbsp;&nbsp;1046370 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp;31967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768167 |
| Hope Bancorp, Inc. | 259225 | &nbsp;&nbsp;&nbsp;3517683 |
| Horizon Bancorp, Inc. | &nbsp;&nbsp;90198 | &nbsp;&nbsp;&nbsp;1344852 |
| Independent Bank Corp. | 102512 | &nbsp;&nbsp;&nbsp;8919569 |
| Independent Bank Corp., Michigan | &nbsp;&nbsp;44636 | &nbsp;&nbsp;&nbsp;1032431 |
| Independent Bank Group, Inc. | &nbsp;&nbsp;80071 | &nbsp;&nbsp;&nbsp;5051679 |
| International Bancshares Corp. | 119901 | &nbsp;&nbsp;&nbsp;5947090 |
| John Marshall Bancorp, Inc. | &nbsp;&nbsp;25736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741197 |
| Kearny Financial Corp. | 134775 | &nbsp;&nbsp;&nbsp;1366618 |
| Lakeland Bancorp, Inc. | 138728 | &nbsp;&nbsp;&nbsp;2587277 |
| Lakeland Financial Corp. | &nbsp;&nbsp;54909 | &nbsp;&nbsp;&nbsp;4538229 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;73283 | &nbsp;&nbsp;&nbsp;2379499 |
| Luther Burbank Corp. | &nbsp;&nbsp;32660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412496 |
| Macatawa Bank Corp. | &nbsp;&nbsp;59374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637083 |
| Mercantile Bank Corp. | &nbsp;&nbsp;34598 | &nbsp;&nbsp;&nbsp;1209200 |
| Merchants Bancorp | &nbsp;&nbsp;35445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848908 |
| Metrocity Bankshares, Inc. | &nbsp;&nbsp;41717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928203 |
| Metropolitan Bank Holding Corp. \* | &nbsp;&nbsp;23084 | &nbsp;&nbsp;&nbsp;1523544 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp;32063 | &nbsp;&nbsp;&nbsp;1095913 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp;47095 | &nbsp;&nbsp;&nbsp;1320544 |
| MidWestOne Financial Group, Inc. | &nbsp;&nbsp;31666 | &nbsp;&nbsp;&nbsp;1063978 |
| Mr Cooper Group, Inc. \* | 157481 | &nbsp;&nbsp;&nbsp;6218925 |
| MVB Financial Corp. | &nbsp;&nbsp;23072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571263 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;65485 | &nbsp;&nbsp;&nbsp;2869553 |
| NBT Bancorp, Inc. | &nbsp;&nbsp;93522 | &nbsp;&nbsp;&nbsp;4432008 |
| Nicolet Bankshares, Inc. \* | &nbsp;&nbsp;27398 | &nbsp;&nbsp;&nbsp;2090193 |
| NMI Holdings, Inc., Class A \* | 186146 | &nbsp;&nbsp;&nbsp;4082182 |
| Northeast Bank | &nbsp;&nbsp;14739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620512 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp;96563 | &nbsp;&nbsp;&nbsp;1548871 |
| Northwest Bancshares, Inc. | 271815 | &nbsp;&nbsp;&nbsp;4093534 |
| OceanFirst Financial Corp. | 130189 | &nbsp;&nbsp;&nbsp;2939668 |
| OFG Bancorp | 104269 | &nbsp;&nbsp;&nbsp;2907020 |
| Old National Bancorp | 656238 | 12836015 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;95038 | &nbsp;&nbsp;&nbsp;1520608 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;50084 | &nbsp;&nbsp;&nbsp;2069972 |
| Orrstown Financial Services, Inc. | &nbsp;&nbsp;23160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613045 |
| Pacific Premier Bancorp, Inc. | 209772 | &nbsp;&nbsp;&nbsp;7637799 |
| Park National Corp. | &nbsp;&nbsp;32098 | &nbsp;&nbsp;&nbsp;4734455 |
| Parke Bancorp, Inc. | &nbsp;&nbsp;22949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494780 |
| Pathward Financial, Inc. | &nbsp;&nbsp;64277 | &nbsp;&nbsp;&nbsp;2701562 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| PCB Bancorp | &nbsp;&nbsp;26336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487216 |
| PCSB Financial Corp. | &nbsp;&nbsp;28286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551294 |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;38780 | &nbsp;&nbsp;&nbsp;1534525 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;62760 | &nbsp;&nbsp;&nbsp;3346363 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp;62216 | &nbsp;&nbsp;&nbsp;1883278 |
| Peoples Financial Services Corp. | &nbsp;&nbsp;15674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;861913 |
| Pioneer Bancorp, Inc. \* | &nbsp;&nbsp;26534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273566 |
| Preferred Bank | &nbsp;&nbsp;29717 | &nbsp;&nbsp;&nbsp;2284346 |
| Premier Financial Corp. | &nbsp;&nbsp;79508 | &nbsp;&nbsp;&nbsp;2293806 |
| Primis Financial Corp. | &nbsp;&nbsp;49901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643224 |
| Professional Holding Corp., Class A \* | &nbsp;&nbsp;29162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789415 |
| Provident Bancorp, Inc. | &nbsp;&nbsp;32571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402578 |
| Provident Financial Services, Inc. | 163512 | &nbsp;&nbsp;&nbsp;3665939 |
| QCR Holdings, Inc. | &nbsp;&nbsp;35773 | &nbsp;&nbsp;&nbsp;1814049 |
| Radian Group, Inc. | 362551 | &nbsp;&nbsp;&nbsp;7566439 |
| RBB Bancorp | &nbsp;&nbsp;32699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736054 |
| Red River Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561060 |
| Renasant Corp. | 122428 | &nbsp;&nbsp;&nbsp;4942418 |
| Republic Bancorp, Inc., Class A | &nbsp;&nbsp;19351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896919 |
| Republic First Bancorp, Inc. \* | 106268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300738 |
| S&T Bancorp, Inc. | &nbsp;&nbsp;87484 | &nbsp;&nbsp;&nbsp;3307770 |
| Sandy Spring Bancorp, Inc. | &nbsp;&nbsp;97727 | &nbsp;&nbsp;&nbsp;3463445 |
| Seacoast Banking Corp. of Florida | 135396 | &nbsp;&nbsp;&nbsp;4183736 |
| ServisFirst Bancshares, Inc. | 112258 | &nbsp;&nbsp;&nbsp;8456395 |
| Shore Bancshares, Inc. | &nbsp;&nbsp;39953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796663 |
| Sierra Bancorp | &nbsp;&nbsp;30459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671621 |
| Silvergate Capital Corp., Class A \* | &nbsp;&nbsp;70135 | &nbsp;&nbsp;&nbsp;3980863 |
| Simmons First National Corp., Class A | 274940 | &nbsp;&nbsp;&nbsp;6562818 |
| SmartFinancial, Inc. | &nbsp;&nbsp;34731 | &nbsp;&nbsp;&nbsp;1015534 |
| South Plains Financial, Inc. | &nbsp;&nbsp;22284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696821 |
| Southern First Bancshares, Inc. \* | &nbsp;&nbsp;16981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758711 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;17576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900770 |
| Southside Bancshares, Inc. | &nbsp;&nbsp;68526 | &nbsp;&nbsp;&nbsp;2346330 |
| SouthState Corp. | 167768 | 15171260 |
| Stellar Bancorp, Inc. | 101440 | &nbsp;&nbsp;&nbsp;3331290 |
| Sterling Bancorp, Inc. \* | &nbsp;&nbsp;37651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239837 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;64062 | &nbsp;&nbsp;&nbsp;5009008 |
| Summit Financial Group, Inc. | &nbsp;&nbsp;24989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726430 |
| Texas Capital Bancshares, Inc. \* | 111879 | &nbsp;&nbsp;&nbsp;6712740 |
| The Bancorp, Inc. \* | 123365 | &nbsp;&nbsp;&nbsp;3402407 |
| The Bank of N.T. Butterfield & Son Ltd. | 111217 | &nbsp;&nbsp;&nbsp;3841435 |
| The First BanCorp, Inc. | &nbsp;&nbsp;21794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666025 |
| The First Bancshares, Inc. | &nbsp;&nbsp;44137 | &nbsp;&nbsp;&nbsp;1445045 |
| The First of Long Island Corp. | &nbsp;&nbsp;49424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868874 |
| The Hingham Institution For Savings | &nbsp;&nbsp;&nbsp;&nbsp;3267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807766 |
| Third Coast Bancshares, Inc. \* | &nbsp;&nbsp;28813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558972 |
| Tompkins Financial Corp. | &nbsp;&nbsp;31135 | &nbsp;&nbsp;&nbsp;2579223 |
| Towne Bank | 150608 | &nbsp;&nbsp;&nbsp;4961028 |
| TriCo Bancshares | &nbsp;&nbsp;69782 | &nbsp;&nbsp;&nbsp;4041076 |
| Triumph Bancorp, Inc. \* | &nbsp;&nbsp;52242 | &nbsp;&nbsp;&nbsp;2690463 |
| TrustCo Bank Corp. | &nbsp;&nbsp;42114 | &nbsp;&nbsp;&nbsp;1571694 |
| Trustmark Corp. | 136997 | &nbsp;&nbsp;&nbsp;5009980 |
| UMB Financial Corp. | &nbsp;&nbsp;98512 | &nbsp;&nbsp;&nbsp;8198169 |
| United Bankshares, Inc. | 292136 | 12371960 |
| United Community Banks, Inc. | 237851 | &nbsp;&nbsp;&nbsp;9157263 |
| Unity Bancorp, Inc. | &nbsp;&nbsp;15476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443542 |
| Univest Financial Corp. | &nbsp;&nbsp;65276 | &nbsp;&nbsp;&nbsp;1836867 |
| USCB Financial Holdings, Inc. \* | &nbsp;&nbsp;23684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318076 |
| Valley National Bancorp | 963887 | 11441339 |
| Velocity Financial, Inc. \* | &nbsp;&nbsp;19685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191141 |
| Veritex Holdings, Inc. | 117522 | &nbsp;&nbsp;&nbsp;3711345 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;68674 | &nbsp;&nbsp;&nbsp;6177913 |
| Washington Federal, Inc. | 144958 | &nbsp;&nbsp;&nbsp;5609875 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp;38085 | &nbsp;&nbsp;&nbsp;1847122 |
| Waterstone Financial, Inc. | &nbsp;&nbsp;43363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736304 |
| WesBanco, Inc. | 130563 | &nbsp;&nbsp;&nbsp;5279968 |
| West Bancorp, Inc. | &nbsp;&nbsp;36265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814875 |
| Westamerica Bancorp | &nbsp;&nbsp;58281 | &nbsp;&nbsp;&nbsp;3655967 |

---

<sub>58</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| WSFS Financial Corp. | 141375 | &nbsp;&nbsp;&nbsp;&nbsp;6582420 |
|  |  | **627954221** |
| &nbsp;&nbsp;**Capital Goods 10.6%** | &nbsp;&nbsp;**Capital Goods 10.6%** | &nbsp;&nbsp;**Capital Goods 10.6%** |
| 3D Systems Corp. \* | 283651 | &nbsp;&nbsp;&nbsp;&nbsp;2504638 |
| AAON, Inc. | &nbsp;&nbsp;98144 | &nbsp;&nbsp;&nbsp;&nbsp;6329307 |
| AAR Corp. \* | &nbsp;&nbsp;75644 | &nbsp;&nbsp;&nbsp;&nbsp;3352542 |
| Aerojet Rocketdyne Holdings, Inc. \* | 177616 | &nbsp;&nbsp;&nbsp;&nbsp;8605495 |
| AeroVironment, Inc. \* | &nbsp;&nbsp;55195 | &nbsp;&nbsp;&nbsp;&nbsp;5050343 |
| AerSale Corp. \* | &nbsp;&nbsp;35617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755080 |
| Alamo Group, Inc. | &nbsp;&nbsp;22514 | &nbsp;&nbsp;&nbsp;&nbsp;3423929 |
| Albany International Corp., Class A | &nbsp;&nbsp;69766 | &nbsp;&nbsp;&nbsp;&nbsp;6391961 |
| Allied Motion Technologies, Inc. | &nbsp;&nbsp;29900 | &nbsp;&nbsp;&nbsp;&nbsp;1011218 |
| Alta Equipment Group, Inc. | &nbsp;&nbsp;46277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565968 |
| Altra Industrial Motion Corp. | 145462 | &nbsp;&nbsp;&nbsp;&nbsp;8748085 |
| Ameresco, Inc., Class A \* | &nbsp;&nbsp;71165 | &nbsp;&nbsp;&nbsp;&nbsp;4304059 |
| American Woodmark Corp. \* | &nbsp;&nbsp;36956 | &nbsp;&nbsp;&nbsp;&nbsp;1675955 |
| API Group Corp. \* | 462940 | &nbsp;&nbsp;&nbsp;&nbsp;7633881 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp;49767 | &nbsp;&nbsp;&nbsp;&nbsp;2283310 |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp;85656 | &nbsp;&nbsp;&nbsp;&nbsp;10653893 |
| Archer Aviation, Inc., Class A \* | 318671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908212 |
| Arcosa, Inc. | 108386 | &nbsp;&nbsp;&nbsp;&nbsp;6958381 |
| Argan, Inc. | &nbsp;&nbsp;29989 | &nbsp;&nbsp;&nbsp;&nbsp;1039719 |
| Array Technologies, Inc. \* | 337390 | &nbsp;&nbsp;&nbsp;&nbsp;6106759 |
| Astec Industries, Inc. | &nbsp;&nbsp;50953 | &nbsp;&nbsp;&nbsp;&nbsp;2224098 |
| Astra Space, Inc. \* | 335254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211344 |
| Astronics Corp. \* | &nbsp;&nbsp;57485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532311 |
| Atkore, Inc. \* | &nbsp;&nbsp;92238 | &nbsp;&nbsp;&nbsp;&nbsp;8790281 |
| AZZ, Inc. | &nbsp;&nbsp;54748 | &nbsp;&nbsp;&nbsp;&nbsp;2200870 |
| Babcock & Wilcox Enterprises, Inc. \* | 135891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619663 |
| Barnes Group, Inc. | 109556 | &nbsp;&nbsp;&nbsp;&nbsp;3874996 |
| Beacon Roofing Supply, Inc. \* | 114944 | &nbsp;&nbsp;&nbsp;&nbsp;6477094 |
| Berkshire Grey, Inc. \* | 107250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143715 |
| Blink Charging Co. *\*(a)* | &nbsp;&nbsp;79700 | &nbsp;&nbsp;&nbsp;&nbsp;1179560 |
| Bloom Energy Corp., Class A \* | 393549 | &nbsp;&nbsp;&nbsp;&nbsp;7363302 |
| Blue Bird Corp. \* | &nbsp;&nbsp;38321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351404 |
| BlueLinx Holdings, Inc. \* | &nbsp;&nbsp;20023 | &nbsp;&nbsp;&nbsp;&nbsp;1410821 |
| Boise Cascade Co. | &nbsp;&nbsp;88392 | &nbsp;&nbsp;&nbsp;&nbsp;5901934 |
| Brookfield Business Corp., Class A | &nbsp;&nbsp;57846 | &nbsp;&nbsp;&nbsp;&nbsp;1482015 |
| Cadre Holdings, Inc. | &nbsp;&nbsp;42511 | &nbsp;&nbsp;&nbsp;&nbsp;1248548 |
| Caesarstone Ltd. | &nbsp;&nbsp;51397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456405 |
| Chart Industries, Inc. \* | &nbsp;&nbsp;82196 | &nbsp;&nbsp;&nbsp;&nbsp;18319844 |
| CIRCOR International, Inc. \* | &nbsp;&nbsp;41534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858508 |
| Columbus McKinnon Corp. | &nbsp;&nbsp;62691 | &nbsp;&nbsp;&nbsp;&nbsp;1787947 |
| Comfort Systems USA, Inc. | &nbsp;&nbsp;79308 | &nbsp;&nbsp;&nbsp;&nbsp;9777090 |
| Concrete Pumping Holdings, Inc. \* | &nbsp;&nbsp;59374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380290 |
| Construction Partners, Inc., Class A \* | &nbsp;&nbsp;89298 | &nbsp;&nbsp;&nbsp;&nbsp;2780740 |
| CSW Industrials, Inc. | &nbsp;&nbsp;32711 | &nbsp;&nbsp;&nbsp;&nbsp;4217102 |
| Custom Truck One Source, Inc. \* | 134052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928980 |
| Desktop Metal, Inc., Class A *\*(a)* | 590931 | &nbsp;&nbsp;&nbsp;&nbsp;1495055 |
| Distribution Solutions Group, Inc. \* | &nbsp;&nbsp;10769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323932 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp;50328 | &nbsp;&nbsp;&nbsp;&nbsp;1708636 |
| Ducommun, Inc. \* | &nbsp;&nbsp;24699 | &nbsp;&nbsp;&nbsp;&nbsp;1166040 |
| DXP Enterprises, Inc. \* | &nbsp;&nbsp;33961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971624 |
| Dycom Industries, Inc. \* | &nbsp;&nbsp;64611 | &nbsp;&nbsp;&nbsp;&nbsp;7635728 |
| EMCOR Group, Inc. | 109437 | &nbsp;&nbsp;&nbsp;&nbsp;15441561 |
| Encore Wire Corp. | &nbsp;&nbsp;41309 | &nbsp;&nbsp;&nbsp;&nbsp;5683705 |
| Energy Recovery, Inc. \* | 123131 | &nbsp;&nbsp;&nbsp;&nbsp;3168161 |
| Energy Vault Holdings, Inc. *\*(a)* | 142347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458357 |
| Enerpac Tool Group Corp. | 130839 | &nbsp;&nbsp;&nbsp;&nbsp;3324619 |
| EnerSys | &nbsp;&nbsp;91306 | &nbsp;&nbsp;&nbsp;&nbsp;6052675 |
| Enovix Corp. \* | 243425 | &nbsp;&nbsp;&nbsp;&nbsp;4593430 |
| EnPro Industries, Inc. | &nbsp;&nbsp;46566 | &nbsp;&nbsp;&nbsp;&nbsp;4959279 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;57660 | &nbsp;&nbsp;&nbsp;&nbsp;4968562 |
| ESS Tech, Inc. *\*(a)* | 181832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769149 |
| Evoqua Water Technologies Corp. \* | 263241 | &nbsp;&nbsp;&nbsp;&nbsp;10313782 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Fathom Digital Manufacturing Corp., Class A \* | &nbsp;&nbsp;22178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56332 |
| Federal Signal Corp. | 133667 | 6235566 |
| Fluence Energy, Inc. *\*(a)* | &nbsp;&nbsp;80688 | 1204672 |
| Fluor Corp. \* | 318516 | 9638294 |
| Franklin Electric Co., Inc. | 103143 | 8451537 |
| FTC Solar, Inc. \* | &nbsp;&nbsp;94269 | &nbsp;&nbsp;&nbsp;&nbsp;195137 |
| FuelCell Energy, Inc. \* | 871716 | 2719754 |
| GATX Corp. | &nbsp;&nbsp;79455 | 8319733 |
| Gibraltar Industries, Inc. \* | &nbsp;&nbsp;71053 | 3629387 |
| Global Industrial Co. | &nbsp;&nbsp;29026 | &nbsp;&nbsp;&nbsp;&nbsp;921285 |
| GMS, Inc. \* | &nbsp;&nbsp;96767 | 4567402 |
| GrafTech International Ltd. | 434491 | 2211559 |
| Granite Construction, Inc. | &nbsp;&nbsp;99041 | 3340653 |
| Great Lakes Dredge & Dock Corp. \* | 146403 | 1106807 |
| Griffon Corp. | 103048 | 3311963 |
| H&E Equipment Services, Inc. | &nbsp;&nbsp;71502 | 2699916 |
| Heliogen, Inc. *\*(a)* | 199959 | &nbsp;&nbsp;&nbsp;&nbsp;359926 |
| Helios Technologies, Inc. | &nbsp;&nbsp;72815 | 4127882 |
| Herc Holdings, Inc. | &nbsp;&nbsp;57426 | 6753872 |
| Hillenbrand, Inc. | 155025 | 6849005 |
| Hillman Solutions Corp. \* | 301660 | 2355965 |
| Hudson Technologies, Inc. \* | &nbsp;&nbsp;97069 | &nbsp;&nbsp;&nbsp;&nbsp;894005 |
| Hydrofarm Holdings Group, Inc. \* | &nbsp;&nbsp;95161 | &nbsp;&nbsp;&nbsp;&nbsp;245515 |
| Hyliion Holdings Corp. *\*(a)* | 296407 | &nbsp;&nbsp;&nbsp;&nbsp;844760 |
| Hyster-Yale Materials Handling, Inc. | &nbsp;&nbsp;24380 | &nbsp;&nbsp;&nbsp;&nbsp;710921 |
| Hyzon Motors, Inc. *\*(a)* | 197533 | &nbsp;&nbsp;&nbsp;&nbsp;377288 |
| IES Holdings, Inc. \* | &nbsp;&nbsp;19343 | &nbsp;&nbsp;&nbsp;&nbsp;639093 |
| Insteel Industries, Inc. | &nbsp;&nbsp;41987 | 1106357 |
| Janus International Group, Inc. \* | 182720 | 1759594 |
| JELD-WEN Holding, Inc. \* | 187315 | 1987412 |
| John Bean Technologies Corp. | &nbsp;&nbsp;70783 | 6455410 |
| Kadant, Inc. | &nbsp;&nbsp;25969 | 4621184 |
| Kaman Corp. | &nbsp;&nbsp;62557 | 2008080 |
| Karat Packaging, Inc. \* | &nbsp;&nbsp;12467 | &nbsp;&nbsp;&nbsp;&nbsp;204209 |
| Kennametal, Inc. | 182104 | 4863998 |
| Kratos Defense & Security Solutions, Inc. \* | 276586 | 3064573 |
| Lightning eMotors, Inc. *\*(a)* | &nbsp;&nbsp;86027 | &nbsp;&nbsp;&nbsp;&nbsp;132482 |
| Lindsay Corp. | &nbsp;&nbsp;24628 | 4169520 |
| Luxfer Holdings plc | &nbsp;&nbsp;60801 | &nbsp;&nbsp;&nbsp;&nbsp;879790 |
| Markforged Holding Corp. *\*(a)* | 243036 | &nbsp;&nbsp;&nbsp;&nbsp;529818 |
| Masonite International Corp. \* | &nbsp;&nbsp;49789 | 3561407 |
| Maxar Technologies, Inc. | 164572 | 3676538 |
| McGrath RentCorp | &nbsp;&nbsp;54206 | 5098074 |
| Microvast Holdings, Inc. \* | 376904 | &nbsp;&nbsp;&nbsp;&nbsp;923415 |
| Miller Industries, Inc. | &nbsp;&nbsp;25020 | &nbsp;&nbsp;&nbsp;&nbsp;636259 |
| Momentus, Inc. \* | 119773 | &nbsp;&nbsp;&nbsp;&nbsp;174869 |
| Moog, Inc., Class A | &nbsp;&nbsp;64051 | 5428322 |
| MRC Global, Inc. \* | 185979 | 1865369 |
| Mueller Industries, Inc. | 125185 | 7841588 |
| Mueller Water Products, Inc., Class A | 348961 | 4082844 |
| MYR Group, Inc. \* | &nbsp;&nbsp;36678 | 3209692 |
| National Presto Industries, Inc. | &nbsp;&nbsp;11500 | &nbsp;&nbsp;&nbsp;&nbsp;810635 |
| Nikola Corp. *\*(a)* | 721519 | 2734557 |
| Northwest Pipe Co. \* | &nbsp;&nbsp;21989 | &nbsp;&nbsp;&nbsp;&nbsp;747406 |
| NOW, Inc. \* | 246805 | 3141828 |
| NuScale Power Corp. *\*(a)* | &nbsp;&nbsp;70203 | &nbsp;&nbsp;&nbsp;&nbsp;791890 |
| NV5 Global, Inc. \* | &nbsp;&nbsp;30257 | 4385752 |
| Omega Flex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7332 | &nbsp;&nbsp;&nbsp;&nbsp;692141 |
| Park Aerospace Corp. | &nbsp;&nbsp;44466 | &nbsp;&nbsp;&nbsp;&nbsp;553157 |
| Parsons Corp. \* | &nbsp;&nbsp;75256 | 3528001 |
| PGT Innovations, Inc. \* | 129247 | 2754254 |
| Powell Industries, Inc. | &nbsp;&nbsp;20801 | &nbsp;&nbsp;&nbsp;&nbsp;513161 |
| Preformed Line Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;5494 | &nbsp;&nbsp;&nbsp;&nbsp;436059 |
| Primoris Services Corp. | 118964 | 2401883 |
| Proterra, Inc. \* | 494999 | 3088794 |
| Proto Labs, Inc. \* | &nbsp;&nbsp;61677 | 2355445 |

---

<sub>59</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Quanex Building Products Corp. | &nbsp;&nbsp;74128 | &nbsp;&nbsp;&nbsp;&nbsp;1642676 |
| RBC Bearings, Inc. \* | &nbsp;&nbsp;63828 | &nbsp;&nbsp;&nbsp;&nbsp;16182313 |
| Redwire Corp. \* | &nbsp;&nbsp;42522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116510 |
| Resideo Technologies, Inc. \* | 323546 | &nbsp;&nbsp;&nbsp;&nbsp;7642157 |
| REV Group, Inc. | &nbsp;&nbsp;75634 | &nbsp;&nbsp;&nbsp;&nbsp;1039211 |
| Rocket Lab USA, Inc. \* | 483280 | &nbsp;&nbsp;&nbsp;&nbsp;2459895 |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp;94980 | &nbsp;&nbsp;&nbsp;&nbsp;4738552 |
| Rush Enterprises, Inc., Class B | &nbsp;&nbsp;14723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789447 |
| Sarcos Technology and Robotics Corp. *\*(a)* | 247920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500798 |
| Shoals Technologies Group, Inc., Class A \* | 250295 | &nbsp;&nbsp;&nbsp;&nbsp;5784317 |
| Simpson Manufacturing Co., Inc. | &nbsp;&nbsp;97006 | &nbsp;&nbsp;&nbsp;&nbsp;8292073 |
| SPX Technologies, Inc. \* | &nbsp;&nbsp;97968 | &nbsp;&nbsp;&nbsp;&nbsp;6450213 |
| Standex International Corp. | &nbsp;&nbsp;26771 | &nbsp;&nbsp;&nbsp;&nbsp;2651668 |
| Stem, Inc. \* | 322493 | &nbsp;&nbsp;&nbsp;&nbsp;4385905 |
| Sterling Infrastructure, Inc. \* | &nbsp;&nbsp;65576 | &nbsp;&nbsp;&nbsp;&nbsp;1769896 |
| SunPower Corp. \* | 183115 | &nbsp;&nbsp;&nbsp;&nbsp;3385796 |
| Tennant Co. | &nbsp;&nbsp;41534 | &nbsp;&nbsp;&nbsp;&nbsp;2419356 |
| Terex Corp. | 149191 | &nbsp;&nbsp;&nbsp;&nbsp;6048203 |
| Terran Orbital Corp. *\*(a)* | &nbsp;&nbsp;52616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137854 |
| Textainer Group Holdings Ltd. | 100986 | &nbsp;&nbsp;&nbsp;&nbsp;3021501 |
| The Gorman-Rupp Co. | &nbsp;&nbsp;51016 | &nbsp;&nbsp;&nbsp;&nbsp;1384574 |
| The Greenbrier Cos., Inc. | &nbsp;&nbsp;70978 | &nbsp;&nbsp;&nbsp;&nbsp;2506233 |
| The Manitowoc Co., Inc. \* | &nbsp;&nbsp;78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711360 |
| The Shyft Group, Inc. | &nbsp;&nbsp;77268 | &nbsp;&nbsp;&nbsp;&nbsp;1775619 |
| Thermon Group Holdings, Inc. \* | &nbsp;&nbsp;73907 | &nbsp;&nbsp;&nbsp;&nbsp;1312588 |
| Titan International, Inc. \* | 114509 | &nbsp;&nbsp;&nbsp;&nbsp;1713055 |
| Titan Machinery, Inc. \* | &nbsp;&nbsp;45348 | &nbsp;&nbsp;&nbsp;&nbsp;1559064 |
| TPI Composites, Inc. \* | &nbsp;&nbsp;81666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813393 |
| Transcat, Inc. \* | &nbsp;&nbsp;15897 | &nbsp;&nbsp;&nbsp;&nbsp;1315636 |
| Trinity Industries, Inc. | 183858 | &nbsp;&nbsp;&nbsp;&nbsp;5245469 |
| Triton International Ltd. | 137507 | &nbsp;&nbsp;&nbsp;&nbsp;8345300 |
| Triumph Group, Inc. \* | 143586 | &nbsp;&nbsp;&nbsp;&nbsp;1299453 |
| Tutor Perini Corp. \* | &nbsp;&nbsp;94355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700114 |
| UFP Industries, Inc. | 133799 | &nbsp;&nbsp;&nbsp;&nbsp;9530503 |
| V2X, Inc. \* | &nbsp;&nbsp;26889 | &nbsp;&nbsp;&nbsp;&nbsp;1102180 |
| Velo3D, Inc. *\*(a)* | 126556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498631 |
| Veritiv Corp. \* | &nbsp;&nbsp;30287 | &nbsp;&nbsp;&nbsp;&nbsp;3521167 |
| Vicor Corp. \* | &nbsp;&nbsp;49270 | &nbsp;&nbsp;&nbsp;&nbsp;2353628 |
| View, Inc. *\*(a)* | 246431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332682 |
| Virgin Galactic Holdings, Inc. *\*(a)* | 511063 | &nbsp;&nbsp;&nbsp;&nbsp;2361111 |
| Wabash National Corp. | 108825 | &nbsp;&nbsp;&nbsp;&nbsp;2356061 |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;61237 | &nbsp;&nbsp;&nbsp;&nbsp;8962647 |
| Xos, Inc. \* | 120236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135867 |
| Zurn Water Solutions Corp. | 277888 | &nbsp;&nbsp;&nbsp;&nbsp;6527589 |
|  |  | **570662153** |
| &nbsp;&nbsp;**Commercial & Professional Services 3.1%** | &nbsp;&nbsp;**Commercial & Professional Services 3.1%** | &nbsp;&nbsp;**Commercial & Professional Services 3.1%** |
| ABM Industries, Inc. | 150034 | &nbsp;&nbsp;&nbsp;&nbsp;6678013 |
| ACCO Brands Corp. | 205594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945732 |
| ACV Auctions, Inc., Class A \* | 258395 | &nbsp;&nbsp;&nbsp;&nbsp;2356562 |
| Alight, Inc., Class A \* | 759738 | &nbsp;&nbsp;&nbsp;&nbsp;6298228 |
| Aris Water Solution, Inc., Class A | &nbsp;&nbsp;49458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842270 |
| ASGN, Inc. \* | 109804 | &nbsp;&nbsp;&nbsp;&nbsp;9309183 |
| Atlas Technical Consultants, Inc. \* | &nbsp;&nbsp;41272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312842 |
| Barrett Business Services, Inc. | &nbsp;&nbsp;15535 | &nbsp;&nbsp;&nbsp;&nbsp;1354963 |
| Brady Corp., Class A | 102109 | &nbsp;&nbsp;&nbsp;&nbsp;4671487 |
| BrightView Holdings, Inc. \* | &nbsp;&nbsp;99081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883803 |
| Casella Waste Systems, Inc., Class A \* | 111732 | &nbsp;&nbsp;&nbsp;&nbsp;9140795 |
| CBIZ, Inc. \* | 108431 | &nbsp;&nbsp;&nbsp;&nbsp;5382515 |
| Cimpress plc \* | &nbsp;&nbsp;39665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923401 |
| CompX International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60533 |
| CoreCivic, Inc. \* | 261285 | &nbsp;&nbsp;&nbsp;&nbsp;2735654 |
| CRA International, Inc. | &nbsp;&nbsp;15465 | &nbsp;&nbsp;&nbsp;&nbsp;1588874 |
| Deluxe Corp. | &nbsp;&nbsp;96490 | &nbsp;&nbsp;&nbsp;&nbsp;1773486 |
| Ennis, Inc. | &nbsp;&nbsp;56590 | &nbsp;&nbsp;&nbsp;&nbsp;1276670 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Exponent, Inc. | 113802 | &nbsp;&nbsp;&nbsp;&nbsp;10840779 |
| First Advantage Corp. \* | 131398 | &nbsp;&nbsp;&nbsp;&nbsp;1846142 |
| Forrester Research, Inc. \* | &nbsp;&nbsp;25202 | &nbsp;&nbsp;&nbsp;&nbsp;1066549 |
| Franklin Covey Co. \* | &nbsp;&nbsp;27108 | &nbsp;&nbsp;&nbsp;&nbsp;1371665 |
| Harsco Corp. \* | 174447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922825 |
| Healthcare Services Group, Inc. | 166403 | &nbsp;&nbsp;&nbsp;&nbsp;2322986 |
| Heidrick & Struggles International, Inc. | &nbsp;&nbsp;43451 | &nbsp;&nbsp;&nbsp;&nbsp;1223580 |
| Heritage-Crystal Clean, Inc. \* | &nbsp;&nbsp;34979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960873 |
| HireRight Holdings Corp. \* | &nbsp;&nbsp;47706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642123 |
| HNI Corp. | &nbsp;&nbsp;92178 | &nbsp;&nbsp;&nbsp;&nbsp;2672240 |
| Huron Consulting Group, Inc. \* | &nbsp;&nbsp;46002 | &nbsp;&nbsp;&nbsp;&nbsp;3387127 |
| ICF International, Inc. | &nbsp;&nbsp;41299 | &nbsp;&nbsp;&nbsp;&nbsp;4940599 |
| Insperity, Inc. | &nbsp;&nbsp;81200 | &nbsp;&nbsp;&nbsp;&nbsp;9583224 |
| Interface, Inc. | 131260 | &nbsp;&nbsp;&nbsp;&nbsp;1484551 |
| KAR Auction Services, Inc. \* | 257113 | &nbsp;&nbsp;&nbsp;&nbsp;3735852 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp;75350 | &nbsp;&nbsp;&nbsp;&nbsp;1231219 |
| Kforce, Inc. | &nbsp;&nbsp;45621 | &nbsp;&nbsp;&nbsp;&nbsp;2886441 |
| Kimball International, Inc., Class B | &nbsp;&nbsp;81701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603770 |
| Korn Ferry | 121456 | &nbsp;&nbsp;&nbsp;&nbsp;6751739 |
| LegalZoom.com, Inc. \* | 215205 | &nbsp;&nbsp;&nbsp;&nbsp;1990646 |
| Li-Cycle Holdings Corp. *\*(a)* | 307032 | &nbsp;&nbsp;&nbsp;&nbsp;1829911 |
| Matthews International Corp., Class A | &nbsp;&nbsp;66567 | &nbsp;&nbsp;&nbsp;&nbsp;1789321 |
| MillerKnoll, Inc. | 170094 | &nbsp;&nbsp;&nbsp;&nbsp;3602591 |
| Montrose Environmental Group, Inc. \* | &nbsp;&nbsp;61527 | &nbsp;&nbsp;&nbsp;&nbsp;2693652 |
| NL Industries, Inc. | &nbsp;&nbsp;18784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164548 |
| Pitney Bowes, Inc. | 387757 | &nbsp;&nbsp;&nbsp;&nbsp;1205924 |
| Planet Labs PBC \* | 348533 | &nbsp;&nbsp;&nbsp;&nbsp;1829798 |
| Quad Graphics, Inc. \* | &nbsp;&nbsp;76817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213551 |
| Red Violet, Inc. \* | &nbsp;&nbsp;21589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376512 |
| Resources Connection, Inc. | &nbsp;&nbsp;72107 | &nbsp;&nbsp;&nbsp;&nbsp;1317395 |
| Skillsoft Corp. \* | 178447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319420 |
| SP Plus Corp. \* | &nbsp;&nbsp;51829 | &nbsp;&nbsp;&nbsp;&nbsp;1919228 |
| Spire Global, Inc. *\*(a)* | 273832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394318 |
| Steelcase, Inc., Class A | 194968 | &nbsp;&nbsp;&nbsp;&nbsp;1514901 |
| Sterling Check Corp. \* | &nbsp;&nbsp;52980 | &nbsp;&nbsp;&nbsp;&nbsp;1034699 |
| The Brink's Co. | 103863 | &nbsp;&nbsp;&nbsp;&nbsp;6193351 |
| The GEO Group, Inc. *\*(a)* | 265227 | &nbsp;&nbsp;&nbsp;&nbsp;2243820 |
| TriNet Group, Inc. \* | &nbsp;&nbsp;83798 | &nbsp;&nbsp;&nbsp;&nbsp;5445194 |
| TrueBlue, Inc. \* | &nbsp;&nbsp;72330 | &nbsp;&nbsp;&nbsp;&nbsp;1422008 |
| UniFirst Corp. | &nbsp;&nbsp;33499 | &nbsp;&nbsp;&nbsp;&nbsp;6164151 |
| Upwork, Inc. \* | 268323 | &nbsp;&nbsp;&nbsp;&nbsp;3608944 |
| Viad Corp. \* | &nbsp;&nbsp;45368 | &nbsp;&nbsp;&nbsp;&nbsp;1691319 |
| VSE Corp. | &nbsp;&nbsp;23761 | &nbsp;&nbsp;&nbsp;&nbsp;1099897 |
| Willdan Group, Inc. \* | &nbsp;&nbsp;25962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358795 |
|  |  | **165433189** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 2.5%** | &nbsp;&nbsp;**Consumer Durables & Apparel 2.5%** | &nbsp;&nbsp;**Consumer Durables & Apparel 2.5%** |
| Acushnet Holdings Corp. | &nbsp;&nbsp;75491 | &nbsp;&nbsp;&nbsp;&nbsp;3515616 |
| Allbirds, Inc., Class A *\*(a)* | 217340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747650 |
| AMMO, Inc. *\*(a)* | 196546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638775 |
| Aterian, Inc. *\*(a)* | 145213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159734 |
| Beazer Homes USA, Inc. \* | &nbsp;&nbsp;66936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757046 |
| Cavco Industries, Inc. \* | &nbsp;&nbsp;19934 | &nbsp;&nbsp;&nbsp;&nbsp;4518440 |
| Century Communities, Inc. | &nbsp;&nbsp;64130 | &nbsp;&nbsp;&nbsp;&nbsp;2854426 |
| Clarus Corp. | &nbsp;&nbsp;64654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782960 |
| Crocs, Inc. \* | 135771 | &nbsp;&nbsp;&nbsp;&nbsp;9605798 |
| Dream Finders Homes, Inc., Class A \* | &nbsp;&nbsp;47139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523243 |
| Ermenegildo Zegna N.V. *(a)* | 106495 | &nbsp;&nbsp;&nbsp;&nbsp;1167185 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp;50491 | &nbsp;&nbsp;&nbsp;&nbsp;1292065 |
| Fossil Group, Inc. \* | 104873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445710 |
| G-III Apparel Group Ltd. \* | &nbsp;&nbsp;97508 | &nbsp;&nbsp;&nbsp;&nbsp;1901406 |
| GoPro, Inc., Class A \* | 290122 | &nbsp;&nbsp;&nbsp;&nbsp;1581165 |
| Green Brick Partners, Inc. \* | &nbsp;&nbsp;60476 | &nbsp;&nbsp;&nbsp;&nbsp;1398810 |
| Helen of Troy Ltd. \* | &nbsp;&nbsp;53199 | &nbsp;&nbsp;&nbsp;&nbsp;5033689 |
| Hovnanian Enterprises, Inc., Class A \* | &nbsp;&nbsp;11682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471135 |
| Installed Building Products, Inc. | &nbsp;&nbsp;53257 | &nbsp;&nbsp;&nbsp;&nbsp;4580102 |
| iRobot Corp. \* | &nbsp;&nbsp;60063 | &nbsp;&nbsp;&nbsp;&nbsp;3393560 |

---

<sub>60</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Johnson Outdoors, Inc., Class A | &nbsp;&nbsp;12002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631545 |
| KB Home | 176105 | &nbsp;&nbsp;&nbsp;&nbsp;5075346 |
| Kontoor Brands, Inc. | 124320 | &nbsp;&nbsp;&nbsp;&nbsp;4438224 |
| Landsea Homes Corp. \* | &nbsp;&nbsp;22748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110555 |
| Latham Group, Inc. \* | &nbsp;&nbsp;97554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431189 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;95843 | &nbsp;&nbsp;&nbsp;&nbsp;2374031 |
| Legacy Housing Corp. \* | &nbsp;&nbsp;19950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370272 |
| LGI Homes, Inc. \* | &nbsp;&nbsp;45910 | &nbsp;&nbsp;&nbsp;&nbsp;4226015 |
| Lifetime Brands, Inc. | &nbsp;&nbsp;28014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239940 |
| M.D.C. Holdings, Inc. | 127947 | &nbsp;&nbsp;&nbsp;&nbsp;3897266 |
| M/I Homes, Inc. \* | &nbsp;&nbsp;60316 | &nbsp;&nbsp;&nbsp;&nbsp;2502511 |
| Malibu Boats, Inc., Class A \* | &nbsp;&nbsp;45640 | &nbsp;&nbsp;&nbsp;&nbsp;2414356 |
| Marine Products Corp. | &nbsp;&nbsp;18875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188750 |
| MasterCraft Boat Holdings, Inc. \* | &nbsp;&nbsp;39968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869704 |
| Meritage Homes Corp. \* | &nbsp;&nbsp;81258 | &nbsp;&nbsp;&nbsp;&nbsp;6188609 |
| Movado Group, Inc. | &nbsp;&nbsp;34362 | &nbsp;&nbsp;&nbsp;&nbsp;1136351 |
| Oxford Industries, Inc. | &nbsp;&nbsp;33828 | &nbsp;&nbsp;&nbsp;&nbsp;3441322 |
| PLBY Group, Inc. *\*(a)* | &nbsp;&nbsp;68766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248933 |
| Purple Innovation, Inc. \* | 122975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432872 |
| Rocky Brands, Inc. | &nbsp;&nbsp;15725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309547 |
| Skyline Champion Corp. \* | 119344 | &nbsp;&nbsp;&nbsp;&nbsp;6947014 |
| Smith & Wesson Brands, Inc. | 101112 | &nbsp;&nbsp;&nbsp;&nbsp;1141554 |
| Snap One Holdings Corp. \* | &nbsp;&nbsp;40993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488637 |
| Solo Brands, Inc., Class A *\*(a)* | &nbsp;&nbsp;48272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199363 |
| Sonos, Inc. \* | 285572 | &nbsp;&nbsp;&nbsp;&nbsp;4603421 |
| Steven Madden Ltd. | 174695 | &nbsp;&nbsp;&nbsp;&nbsp;5218140 |
| Sturm, Ruger & Co., Inc. | &nbsp;&nbsp;38431 | &nbsp;&nbsp;&nbsp;&nbsp;2157132 |
| Superior Group of Cos., Inc. | &nbsp;&nbsp;26971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267552 |
| Taylor Morrison Home Corp. \* | 245547 | &nbsp;&nbsp;&nbsp;&nbsp;6467708 |
| The Lovesac Co. \* | &nbsp;&nbsp;31297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761769 |
| Topgolf Callaway Brands Corp. \* | 313032 | &nbsp;&nbsp;&nbsp;&nbsp;5859959 |
| Traeger, Inc. \* | &nbsp;&nbsp;70397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292148 |
| Tri Pointe Homes, Inc. \* | 225656 | &nbsp;&nbsp;&nbsp;&nbsp;3779738 |
| Tupperware Brands Corp. \* | &nbsp;&nbsp;99327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767798 |
| Unifi, Inc. \* | &nbsp;&nbsp;30460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277795 |
| Universal Electronics, Inc. \* | &nbsp;&nbsp;27230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555764 |
| Vista Outdoor, Inc. \* | 125022 | &nbsp;&nbsp;&nbsp;&nbsp;3630639 |
| Vizio Holding Corp., Class A \* | 151442 | &nbsp;&nbsp;&nbsp;&nbsp;1696150 |
| Vuzix Corp. *\*(a)* | 132925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664625 |
| Weber, Inc., Class A *(a)* | &nbsp;&nbsp;59485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396170 |
| Wolverine World Wide, Inc. | 173243 | &nbsp;&nbsp;&nbsp;&nbsp;2967653 |
|  |  | **134036582** |
| &nbsp;&nbsp;**Consumer Services 3.4%** | &nbsp;&nbsp;**Consumer Services 3.4%** | &nbsp;&nbsp;**Consumer Services 3.4%** |
| 2U, Inc. \* | 167184 | &nbsp;&nbsp;&nbsp;&nbsp;1034869 |
| Accel Entertainment, Inc. \* | 128423 | &nbsp;&nbsp;&nbsp;&nbsp;1261114 |
| Adtalem Global Education, Inc. \* | 100421 | &nbsp;&nbsp;&nbsp;&nbsp;4187556 |
| American Public Education, Inc. \* | &nbsp;&nbsp;42144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539865 |
| Bally's Corp. \* | &nbsp;&nbsp;81646 | &nbsp;&nbsp;&nbsp;&nbsp;1840301 |
| Biglari Holdings, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;1620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223479 |
| BJ's Restaurants, Inc. \* | &nbsp;&nbsp;50503 | &nbsp;&nbsp;&nbsp;&nbsp;1659024 |
| Bloomin' Brands, Inc. | 197526 | &nbsp;&nbsp;&nbsp;&nbsp;4742599 |
| Bluegreen Vacations Holding Corp. | &nbsp;&nbsp;26849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464756 |
| Bowlero Corp. *\*(a)* | &nbsp;&nbsp;90043 | &nbsp;&nbsp;&nbsp;&nbsp;1311026 |
| Brinker International, Inc. \* | &nbsp;&nbsp;97295 | &nbsp;&nbsp;&nbsp;&nbsp;3248680 |
| Carriage Services, Inc. | &nbsp;&nbsp;29525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720705 |
| Century Casinos, Inc. \* | &nbsp;&nbsp;59838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475712 |
| Chegg, Inc. \* | 278388 | &nbsp;&nbsp;&nbsp;&nbsp;6004829 |
| Chuy's Holdings, Inc. \* | &nbsp;&nbsp;42070 | &nbsp;&nbsp;&nbsp;&nbsp;1232651 |
| Coursera, Inc. \* | 255400 | &nbsp;&nbsp;&nbsp;&nbsp;3292106 |
| Cracker Barrel Old Country Store, Inc. | &nbsp;&nbsp;50930 | &nbsp;&nbsp;&nbsp;&nbsp;5817225 |
| Dave & Buster's Entertainment, Inc. \* | &nbsp;&nbsp;96095 | &nbsp;&nbsp;&nbsp;&nbsp;3829386 |
| Denny's Corp. \* | 125632 | &nbsp;&nbsp;&nbsp;&nbsp;1423411 |
| Dine Brands Global, Inc. | &nbsp;&nbsp;33136 | &nbsp;&nbsp;&nbsp;&nbsp;2388774 |
| Duolingo, Inc. \* | &nbsp;&nbsp;52682 | &nbsp;&nbsp;&nbsp;&nbsp;4311495 |
| El Pollo Loco Holdings, Inc. | &nbsp;&nbsp;44232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444089 |
| European Wax Center, Inc., Class A | &nbsp;&nbsp;54406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782358 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Everi Holdings, Inc. \* | 193044 | &nbsp;&nbsp;&nbsp;&nbsp;3663975 |
| F45 Training Holdings, Inc. \* | &nbsp;&nbsp;79535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265647 |
| First Watch Restaurant Group, Inc. \* | &nbsp;&nbsp;21823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372082 |
| Frontdoor, Inc. \* | 185291 | &nbsp;&nbsp;&nbsp;&nbsp;4087519 |
| Full House Resorts, Inc. \* | &nbsp;&nbsp;72490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508155 |
| Golden Entertainment, Inc. \* | &nbsp;&nbsp;45131 | &nbsp;&nbsp;&nbsp;&nbsp;1905431 |
| Graham Holdings Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;8333 | &nbsp;&nbsp;&nbsp;&nbsp;5198709 |
| Hilton Grand Vacations, Inc. \* | 196605 | &nbsp;&nbsp;&nbsp;&nbsp;7714780 |
| Inspirato, Inc. \* | &nbsp;&nbsp;45298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96938 |
| Inspired Entertainment, Inc. \* | &nbsp;&nbsp;47484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486236 |
| International Game Technology plc | 219831 | &nbsp;&nbsp;&nbsp;&nbsp;4407612 |
| Jack in the Box, Inc. | &nbsp;&nbsp;47397 | &nbsp;&nbsp;&nbsp;&nbsp;4181837 |
| Krispy Kreme, Inc. | 161015 | &nbsp;&nbsp;&nbsp;&nbsp;2310565 |
| Kura Sushi USA, Inc., Class A \* | &nbsp;&nbsp;10397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821675 |
| Laureate Education, Inc., Class A | 242145 | &nbsp;&nbsp;&nbsp;&nbsp;3060713 |
| Life Time Group Holdings, Inc. \* | &nbsp;&nbsp;93749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983427 |
| Lindblad Expeditions Holdings, Inc. \* | &nbsp;&nbsp;76136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638781 |
| Monarch Casino & Resort, Inc. \* | &nbsp;&nbsp;29773 | &nbsp;&nbsp;&nbsp;&nbsp;2364274 |
| NEOGAMES S.A. \* | &nbsp;&nbsp;28925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497510 |
| Nerdy, Inc. \* | 124321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302100 |
| Noodles & Co. \* | &nbsp;&nbsp;92816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540189 |
| OneSpaWorld Holdings Ltd. \* | 147862 | &nbsp;&nbsp;&nbsp;&nbsp;1341108 |
| Papa John's International, Inc. | &nbsp;&nbsp;72997 | &nbsp;&nbsp;&nbsp;&nbsp;5301772 |
| Perdoceo Education Corp. \* | 150964 | &nbsp;&nbsp;&nbsp;&nbsp;1725519 |
| Portillo's, Inc., Class A *\*(a)* | &nbsp;&nbsp;52144 | &nbsp;&nbsp;&nbsp;&nbsp;1117967 |
| RCI Hospitality Holdings, Inc. | &nbsp;&nbsp;19174 | &nbsp;&nbsp;&nbsp;&nbsp;1618861 |
| Red Rock Resorts, Inc., Class A | 113501 | &nbsp;&nbsp;&nbsp;&nbsp;4727317 |
| Rover Group, Inc. *\*(a)* | 207690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911759 |
| Rush Street Interactive, Inc. \* | 135867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563848 |
| Ruth's Hospitality Group, Inc. | &nbsp;&nbsp;71586 | &nbsp;&nbsp;&nbsp;&nbsp;1487557 |
| Scientific Games Corp., Class A \* | 211349 | &nbsp;&nbsp;&nbsp;&nbsp;11865133 |
| SeaWorld Entertainment, Inc. \* | &nbsp;&nbsp;94139 | &nbsp;&nbsp;&nbsp;&nbsp;5475124 |
| Shake Shack, Inc., Class A \* | &nbsp;&nbsp;83908 | &nbsp;&nbsp;&nbsp;&nbsp;4662768 |
| Sonder Holdings, Inc. *\*(a)* | 425418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;931665 |
| StoneMor, Inc. \* | &nbsp;&nbsp;60164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209972 |
| Strategic Education, Inc. | &nbsp;&nbsp;50814 | &nbsp;&nbsp;&nbsp;&nbsp;3506166 |
| Stride, Inc. \* | &nbsp;&nbsp;90846 | &nbsp;&nbsp;&nbsp;&nbsp;3044249 |
| Sweetgreen, Inc., Class A \* | 196101 | &nbsp;&nbsp;&nbsp;&nbsp;3647479 |
| Target Hospitality Corp. \* | &nbsp;&nbsp;65557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797829 |
| Texas Roadhouse, Inc. | 150050 | &nbsp;&nbsp;&nbsp;&nbsp;14847447 |
| The Beachbody Co., Inc. *\*(a)* | 229991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232291 |
| The Cheesecake Factory, Inc. | 110189 | &nbsp;&nbsp;&nbsp;&nbsp;3945868 |
| The ONE Group Hospitality, Inc. \* | &nbsp;&nbsp;49618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371143 |
| Udemy, Inc. \* | 161651 | &nbsp;&nbsp;&nbsp;&nbsp;2352022 |
| Universal Technical Institute, Inc. \* | &nbsp;&nbsp;73377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506301 |
| Vacasa, Inc., Class A *\*(a)* | 250745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915219 |
| Vivint Smart Home, Inc. \* | 211544 | &nbsp;&nbsp;&nbsp;&nbsp;1618312 |
| Wingstop, Inc. | &nbsp;&nbsp;67082 | &nbsp;&nbsp;&nbsp;&nbsp;10625118 |
| WW International, Inc. \* | 122166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552190 |
| Xponential Fitness, Inc., Class A \* | &nbsp;&nbsp;39195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758423 |
|  |  | **185304592** |
| &nbsp;&nbsp;**Diversified Financials 3.8%** | &nbsp;&nbsp;**Diversified Financials 3.8%** | &nbsp;&nbsp;**Diversified Financials 3.8%** |
| AFC Gamma, Inc. | &nbsp;&nbsp;35143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602000 |
| Alerus Financial Corp. | &nbsp;&nbsp;33913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756260 |
| A-Mark Precious Metals, Inc. | &nbsp;&nbsp;40295 | &nbsp;&nbsp;&nbsp;&nbsp;1225371 |
| Angel Oak Mortgage, Inc. *(a)* | &nbsp;&nbsp;26214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270791 |
| Apollo Commercial Real Estate Finance, Inc. | 315031 | &nbsp;&nbsp;&nbsp;&nbsp;3547249 |
| Arbor Realty Trust, Inc. | 369825 | &nbsp;&nbsp;&nbsp;&nbsp;5092490 |
| Ares Commercial Real Estate Corp. | 114293 | &nbsp;&nbsp;&nbsp;&nbsp;1410376 |
| ARMOUR Residential REIT, Inc. | 254414 | &nbsp;&nbsp;&nbsp;&nbsp;1353482 |
| Artisan Partners Asset Management, Inc., Class A | 134478 | &nbsp;&nbsp;&nbsp;&nbsp;3833968 |
| Assetmark Financial Holdings, Inc. \* | &nbsp;&nbsp;48204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998305 |
| Associated Capital Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159185 |
| Atlanticus Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270435 |

---

<sub>61</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| B. Riley Financial, Inc. | &nbsp;&nbsp;46082 | 1874616 |
| Bakkt Holdings, Inc. *\*(a)* | 140127 | &nbsp;&nbsp;&nbsp;&nbsp;298471 |
| Banco Latinoamericano de Comercio Exterior S.A., Class E | &nbsp;&nbsp;61532 | &nbsp;&nbsp;&nbsp;&nbsp;965437 |
| BGC Partners, Inc., Class A | 715088 | 2831748 |
| Blackstone Mortgage Trust, Inc., Class A | 381225 | 9515376 |
| Blucora, Inc. \* | 106653 | 2349566 |
| Bread Financial Holdings, Inc. | 112044 | 4045909 |
| Brightsphere Investment Group, Inc. | &nbsp;&nbsp;71919 | 1353516 |
| BrightSpire Capital, Inc., Class A | 208599 | 1602040 |
| Broadmark Realty Capital, Inc. | 291648 | 1697391 |
| Cannae Holdings, Inc. \* | 159582 | 3695919 |
| Chicago Atlantic Real Estate Finance, Inc. | &nbsp;&nbsp;12008 | &nbsp;&nbsp;&nbsp;&nbsp;177959 |
| Chimera Investment Corp. | 520675 | 3514556 |
| Claros Mortgage Trust, Inc. *(a)* | 205916 | 3294656 |
| Cohen & Steers, Inc. | &nbsp;&nbsp;56828 | 3418772 |
| Compass Diversified Holdings | 138653 | 2950536 |
| Consumer Portfolio Services, Inc. \* | &nbsp;&nbsp;20900 | &nbsp;&nbsp;&nbsp;&nbsp;134178 |
| Cowen, Inc., Class A | &nbsp;&nbsp;58898 | 2274641 |
| Curo Group Holdings Corp. | &nbsp;&nbsp;47866 | &nbsp;&nbsp;&nbsp;&nbsp;247467 |
| Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6583 | 1184611 |
| Donnelley Financial Solutions, Inc. \* | &nbsp;&nbsp;57922 | 2341786 |
| Dynex Capital, Inc. | &nbsp;&nbsp;97453 | 1163589 |
| Ellington Financial, Inc. | 126662 | 1694738 |
| Encore Capital Group, Inc. \* | &nbsp;&nbsp;52945 | 2695959 |
| Enova International, Inc. \* | &nbsp;&nbsp;70119 | 2628761 |
| EZCORP, Inc., Class A \* | 111868 | 1080645 |
| Federated Hermes, Inc. | 191021 | 6637980 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;86366 | 8502733 |
| Focus Financial Partners, Inc., Class A \* | 129801 | 4515777 |
| Franklin BSP Realty Trust, Inc. *(a)* | 188820 | 2660474 |
| GCM Grosvenor, Inc., Class A | &nbsp;&nbsp;92279 | &nbsp;&nbsp;&nbsp;&nbsp;763147 |
| Granite Point Mortgage Trust, Inc. | 116799 | &nbsp;&nbsp;&nbsp;&nbsp;918040 |
| Green Dot Corp., Class A \* | 107736 | 2050216 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp;78993 | 4725361 |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 190732 | 5184096 |
| Houlihan Lokey, Inc. | 111928 | 9997409 |
| Invesco Mortgage Capital, Inc. | &nbsp;&nbsp;74374 | &nbsp;&nbsp;&nbsp;&nbsp;870920 |
| Jackson Financial, Inc., Class A | 171056 | 6561708 |
| KKR Real Estate Finance Trust, Inc. | 128165 | 2232634 |
| Ladder Capital Corp. REIT | 254320 | 2713594 |
| LendingClub Corp. \* | 229646 | 2443433 |
| LendingTree, Inc. \* | &nbsp;&nbsp;23463 | &nbsp;&nbsp;&nbsp;&nbsp;591971 |
| MarketWise, Inc. \* | &nbsp;&nbsp;37407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92021 |
| MFA Financial, Inc. | 229927 | 2290073 |
| Moelis & Co., Class A | 142625 | 6055857 |
| Moneylion, Inc. \* | 274360 | &nbsp;&nbsp;&nbsp;&nbsp;307283 |
| Navient Corp. | 249285 | 3774175 |
| Nelnet, Inc., Class A | &nbsp;&nbsp;32642 | 2908076 |
| NerdWallet, Inc., Class A *\*(a)* | &nbsp;&nbsp;57867 | &nbsp;&nbsp;&nbsp;&nbsp;679359 |
| New York Mortgage Trust, Inc. | 853038 | 2294672 |
| Nexpoint Real Estate Finance, Inc. | &nbsp;&nbsp;18128 | &nbsp;&nbsp;&nbsp;&nbsp;318509 |
| Open Lending Corp., Class A \* | 235296 | 1687072 |
| Oportun Financial Corp. \* | &nbsp;&nbsp;63540 | &nbsp;&nbsp;&nbsp;&nbsp;349470 |
| Oppenheimer Holdings, Inc., Class A | &nbsp;&nbsp;18509 | &nbsp;&nbsp;&nbsp;&nbsp;637080 |
| OppFi, Inc. *\*(a)* | &nbsp;&nbsp;29587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67162 |
| Orchid Island Capital, Inc. *(a)* | &nbsp;&nbsp;79446 | &nbsp;&nbsp;&nbsp;&nbsp;800017 |
| PennyMac Mortgage Investment Trust | 203317 | 2820007 |
| Perella Weinberg Partners, Class A | &nbsp;&nbsp;92562 | &nbsp;&nbsp;&nbsp;&nbsp;729389 |
| Piper Sandler Cos. | &nbsp;&nbsp;38029 | 4866571 |
| PJT Partners, Inc., Class A | &nbsp;&nbsp;52838 | 3931147 |
| PRA Group, Inc. \* | &nbsp;&nbsp;86218 | 2888303 |
| PROG Holdings, Inc. \* | 112125 | 1852305 |
| Ready Capital Corp. | 165398 | 2004624 |
| Redwood Trust, Inc. | 260167 | 1854991 |
| Regional Management Corp. | &nbsp;&nbsp;17341 | &nbsp;&nbsp;&nbsp;&nbsp;588900 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Sculptor Capital Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609290 |
| Silvercrest Asset Management Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;21812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414210 |
| StepStone Group, Inc., Class A | &nbsp;&nbsp;&nbsp;119211 | &nbsp;&nbsp;&nbsp;&nbsp;3519109 |
| StoneX Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38492 | &nbsp;&nbsp;&nbsp;&nbsp;3592073 |
| Sunlight Financial Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;53414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64631 |
| SWK Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145433 |
| TPG RE Finance Trust, Inc. | &nbsp;&nbsp;&nbsp;155094 | &nbsp;&nbsp;&nbsp;&nbsp;1313646 |
| Two Harbors Investment Corp. | &nbsp;&nbsp;&nbsp;773703 | &nbsp;&nbsp;&nbsp;&nbsp;2754383 |
| Value Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108701 |
| Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;36910 | &nbsp;&nbsp;&nbsp;&nbsp;1067437 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15545 | &nbsp;&nbsp;&nbsp;&nbsp;2665812 |
| WisdomTree Investments, Inc. | &nbsp;&nbsp;&nbsp;304849 | &nbsp;&nbsp;&nbsp;&nbsp;1655330 |
| World Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710188 |
|  |  | **202339554** |
| &nbsp;&nbsp;**Energy 7.0%** | &nbsp;&nbsp;**Energy 7.0%** | &nbsp;&nbsp;**Energy 7.0%** |
| Aemetis, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;67039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496089 |
| Alto Ingredients, Inc. \* | &nbsp;&nbsp;&nbsp;163263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674276 |
| Amplify Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;80340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794563 |
| Arch Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34087 | &nbsp;&nbsp;&nbsp;&nbsp;5191109 |
| Archaea Energy, Inc. \* | &nbsp;&nbsp;&nbsp;133467 | &nbsp;&nbsp;&nbsp;&nbsp;3444783 |
| Archrock, Inc. | &nbsp;&nbsp;&nbsp;302040 | &nbsp;&nbsp;&nbsp;&nbsp;2268320 |
| Ardmore Shipping Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;78555 | &nbsp;&nbsp;&nbsp;&nbsp;1062849 |
| Battalion Oil Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72386 |
| Berry Corp. | &nbsp;&nbsp;&nbsp;174185 | &nbsp;&nbsp;&nbsp;&nbsp;1545021 |
| Borr Drilling Ltd. \* | &nbsp;&nbsp;&nbsp;437779 | &nbsp;&nbsp;&nbsp;&nbsp;2149495 |
| Brigham Minerals, Inc., Class A | &nbsp;&nbsp;&nbsp;117134 | &nbsp;&nbsp;&nbsp;&nbsp;3631154 |
| Bristow Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52059 | &nbsp;&nbsp;&nbsp;&nbsp;1558646 |
| Cactus, Inc., Class A | &nbsp;&nbsp;&nbsp;131897 | &nbsp;&nbsp;&nbsp;&nbsp;6821713 |
| California Resources Corp. | &nbsp;&nbsp;&nbsp;169943 | &nbsp;&nbsp;&nbsp;&nbsp;7666129 |
| Callon Petroleum Co. \* | &nbsp;&nbsp;&nbsp;110110 | &nbsp;&nbsp;&nbsp;&nbsp;4840436 |
| Centrus Energy Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;23946 | &nbsp;&nbsp;&nbsp;&nbsp;1132885 |
| ChampionX Corp. | &nbsp;&nbsp;&nbsp;457211 | &nbsp;&nbsp;&nbsp;&nbsp;13085379 |
| Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;92955 | &nbsp;&nbsp;&nbsp;&nbsp;14230481 |
| Civitas Resources, Inc. | &nbsp;&nbsp;&nbsp;164996 | &nbsp;&nbsp;&nbsp;&nbsp;11534870 |
| Clean Energy Fuels Corp. \* | &nbsp;&nbsp;&nbsp;380061 | &nbsp;&nbsp;&nbsp;&nbsp;2550209 |
| CNX Resources Corp. \* | &nbsp;&nbsp;&nbsp;418917 | &nbsp;&nbsp;&nbsp;&nbsp;7041995 |
| Comstock Resources, Inc. \* | &nbsp;&nbsp;&nbsp;205078 | &nbsp;&nbsp;&nbsp;&nbsp;3851365 |
| CONSOL Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76795 | &nbsp;&nbsp;&nbsp;&nbsp;4839621 |
| Crescent Energy Co., Class A *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;72543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999643 |
| CVR Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66243 | &nbsp;&nbsp;&nbsp;&nbsp;2587452 |
| Delek US Holdings, Inc. | &nbsp;&nbsp;&nbsp;157700 | &nbsp;&nbsp;&nbsp;&nbsp;4677382 |
| Denbury, Inc. \* | &nbsp;&nbsp;&nbsp;112138 | &nbsp;&nbsp;&nbsp;&nbsp;10250535 |
| DHT Holdings, Inc. | &nbsp;&nbsp;&nbsp;306824 | &nbsp;&nbsp;&nbsp;&nbsp;2733802 |
| Diamond Offshore Drilling, Inc. \* | &nbsp;&nbsp;&nbsp;227113 | &nbsp;&nbsp;&nbsp;&nbsp;2237063 |
| DMC Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;42234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913944 |
| Dorian LPG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;68505 | &nbsp;&nbsp;&nbsp;&nbsp;1237885 |
| Dril-Quip, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;76292 | &nbsp;&nbsp;&nbsp;&nbsp;1898145 |
| Earthstone Energy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;100844 | &nbsp;&nbsp;&nbsp;&nbsp;1629639 |
| Empire Petroleum Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;22237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355792 |
| Energy Fuels, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;347996 | &nbsp;&nbsp;&nbsp;&nbsp;2505571 |
| Equitrans Midstream Corp. | &nbsp;&nbsp;&nbsp;919901 | &nbsp;&nbsp;&nbsp;&nbsp;7745566 |
| Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;41511 | &nbsp;&nbsp;&nbsp;&nbsp;1146534 |
| Expro Group Holdings N.V. \* | &nbsp;&nbsp;&nbsp;173528 | &nbsp;&nbsp;&nbsp;&nbsp;3284885 |
| FLEX LNG Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;63598 | &nbsp;&nbsp;&nbsp;&nbsp;1987437 |
| Frontline Ltd. *(a)* | &nbsp;&nbsp;&nbsp;278980 | &nbsp;&nbsp;&nbsp;&nbsp;3503989 |
| Gevo, Inc. \* | &nbsp;&nbsp;&nbsp;438412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986427 |
| Golar LNG Ltd. \* | &nbsp;&nbsp;&nbsp;225808 | &nbsp;&nbsp;&nbsp;&nbsp;6281979 |
| Green Plains, Inc. \* | &nbsp;&nbsp;&nbsp;117957 | &nbsp;&nbsp;&nbsp;&nbsp;3407778 |
| Gulfport Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;25119 | &nbsp;&nbsp;&nbsp;&nbsp;2248402 |
| Helix Energy Solutions Group, Inc. \* | &nbsp;&nbsp;&nbsp;318591 | &nbsp;&nbsp;&nbsp;&nbsp;2230137 |
| Helmerich & Payne, Inc. | &nbsp;&nbsp;&nbsp;230026 | &nbsp;&nbsp;&nbsp;&nbsp;11388587 |
| HighPeak Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345509 |
| International Seaways, Inc. | &nbsp;&nbsp;&nbsp;110222 | &nbsp;&nbsp;&nbsp;&nbsp;4674515 |
| Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39391 | &nbsp;&nbsp;&nbsp;&nbsp;1448801 |
| Kosmos Energy Ltd. \* | 1010224 | &nbsp;&nbsp;&nbsp;&nbsp;6556354 |

---

<sub>62</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Laredo Petroleum, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;37742 | &nbsp;&nbsp;&nbsp;&nbsp;2440020 |
| Liberty Energy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;319455 | &nbsp;&nbsp;&nbsp;&nbsp;5401984 |
| Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;&nbsp;373248 | &nbsp;&nbsp;&nbsp;&nbsp;9585009 |
| Matador Resources Co. | &nbsp;&nbsp;&nbsp;251862 | &nbsp;&nbsp;&nbsp;&nbsp;16736230 |
| Murphy Oil Corp. | &nbsp;&nbsp;&nbsp;329772 | &nbsp;&nbsp;&nbsp;&nbsp;15997240 |
| Nabors Industries Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;20301 | &nbsp;&nbsp;&nbsp;&nbsp;3532983 |
| NACCO Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521427 |
| National Energy Services Reunited Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;86075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650727 |
| Newpark Resources, Inc. \* | &nbsp;&nbsp;&nbsp;191203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699803 |
| NextDecade Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;73358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513506 |
| NexTier Oilfield Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;392955 | &nbsp;&nbsp;&nbsp;&nbsp;3960986 |
| Noble Corp. plc \* | &nbsp;&nbsp;&nbsp;165327 | &nbsp;&nbsp;&nbsp;&nbsp;5958385 |
| Nordic American Tankers Ltd. | &nbsp;&nbsp;&nbsp;441586 | &nbsp;&nbsp;&nbsp;&nbsp;1364501 |
| Northern Oil and Gas, Inc. | &nbsp;&nbsp;&nbsp;149745 | &nbsp;&nbsp;&nbsp;&nbsp;5112294 |
| Oceaneering International, Inc. \* | &nbsp;&nbsp;&nbsp;224422 | &nbsp;&nbsp;&nbsp;&nbsp;3139664 |
| Oil States International, Inc. \* | &nbsp;&nbsp;&nbsp;142152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919723 |
| Par Pacific Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;109350 | &nbsp;&nbsp;&nbsp;&nbsp;2501928 |
| Patterson-UTI Energy, Inc. | &nbsp;&nbsp;&nbsp;479999 | &nbsp;&nbsp;&nbsp;&nbsp;8471982 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;216609 | &nbsp;&nbsp;&nbsp;&nbsp;9584948 |
| Peabody Energy Corp. \* | &nbsp;&nbsp;&nbsp;263439 | &nbsp;&nbsp;&nbsp;&nbsp;6296192 |
| Permian Resources Corp., Class A \* | &nbsp;&nbsp;&nbsp;460198 | &nbsp;&nbsp;&nbsp;&nbsp;4496134 |
| ProFrac Holding Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;36069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790272 |
| ProPetro Holding Corp. \* | &nbsp;&nbsp;&nbsp;195439 | &nbsp;&nbsp;&nbsp;&nbsp;2313998 |
| Ranger Oil Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;44743 | &nbsp;&nbsp;&nbsp;&nbsp;1829989 |
| REX American Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;35341 | &nbsp;&nbsp;&nbsp;&nbsp;1059877 |
| Riley Exploration Permian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683378 |
| Ring Energy, Inc. \* | &nbsp;&nbsp;&nbsp;195801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624605 |
| RPC, Inc. | &nbsp;&nbsp;&nbsp;165756 | &nbsp;&nbsp;&nbsp;&nbsp;1844864 |
| SandRidge Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;71051 | &nbsp;&nbsp;&nbsp;&nbsp;1342153 |
| Scorpio Tankers, Inc. | &nbsp;&nbsp;&nbsp;109099 | &nbsp;&nbsp;&nbsp;&nbsp;5230206 |
| Select Energy Services, Inc., Class A | &nbsp;&nbsp;&nbsp;159134 | &nbsp;&nbsp;&nbsp;&nbsp;1535643 |
| SFL Corp., Ltd. | &nbsp;&nbsp;&nbsp;257380 | &nbsp;&nbsp;&nbsp;&nbsp;2625276 |
| SilverBow Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;26342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934351 |
| Sitio Royalties Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;26216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743486 |
| SM Energy Co. | &nbsp;&nbsp;&nbsp;271003 | &nbsp;&nbsp;&nbsp;&nbsp;12189715 |
| Solaris Oilfield Infrastructure, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;70973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966652 |
| Talos Energy, Inc. \* | &nbsp;&nbsp;&nbsp;147979 | &nbsp;&nbsp;&nbsp;&nbsp;3148993 |
| Teekay Corp. \* | &nbsp;&nbsp;&nbsp;158425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619442 |
| Teekay Tankers Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;50961 | &nbsp;&nbsp;&nbsp;&nbsp;1604762 |
| Tellurian, Inc. \* | 1141626 | &nbsp;&nbsp;&nbsp;&nbsp;3082390 |
| TETRA Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;277329 | &nbsp;&nbsp;&nbsp;&nbsp;1370005 |
| Tidewater, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;95145 | &nbsp;&nbsp;&nbsp;&nbsp;3225415 |
| Uranium Energy Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;718204 | &nbsp;&nbsp;&nbsp;&nbsp;3023639 |
| Ur-Energy, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;471434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608150 |
| US Silica Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;166198 | &nbsp;&nbsp;&nbsp;&nbsp;2391589 |
| VAALCO Energy, Inc. | &nbsp;&nbsp;&nbsp;237769 | &nbsp;&nbsp;&nbsp;&nbsp;1224510 |
| Valaris Ltd. \* | &nbsp;&nbsp;&nbsp;136312 | &nbsp;&nbsp;&nbsp;&nbsp;9123362 |
| Vertex Energy, Inc. \* | &nbsp;&nbsp;&nbsp;121273 | &nbsp;&nbsp;&nbsp;&nbsp;1034459 |
| W&T Offshore, Inc. \* | &nbsp;&nbsp;&nbsp;211774 | &nbsp;&nbsp;&nbsp;&nbsp;1607365 |
| Weatherford International plc \* | &nbsp;&nbsp;&nbsp;158164 | &nbsp;&nbsp;&nbsp;&nbsp;6592275 |
| World Fuel Services Corp. | &nbsp;&nbsp;&nbsp;137154 | &nbsp;&nbsp;&nbsp;&nbsp;3496055 |
|  |  | **374500069** |
| &nbsp;&nbsp;**Food & Staples Retailing 0.6%** | &nbsp;&nbsp;**Food & Staples Retailing 0.6%** | &nbsp;&nbsp;**Food & Staples Retailing 0.6%** |
| HF Foods Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;79646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368761 |
| Ingles Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;31811 | &nbsp;&nbsp;&nbsp;&nbsp;3002004 |
| Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234761 |
| PriceSmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55058 | &nbsp;&nbsp;&nbsp;&nbsp;3522060 |
| Rite Aid Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;122810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641068 |
| SpartanNash Co. | &nbsp;&nbsp;&nbsp;&nbsp;79981 | &nbsp;&nbsp;&nbsp;&nbsp;2856122 |
| Sprouts Farmers Market, Inc. \* | &nbsp;&nbsp;&nbsp;240717 | &nbsp;&nbsp;&nbsp;&nbsp;7101152 |
| The Andersons, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;71831 | &nbsp;&nbsp;&nbsp;&nbsp;2533479 |
| The Chefs' Warehouse, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;76462 | &nbsp;&nbsp;&nbsp;&nbsp;2800803 |
| United Natural Foods, Inc. \* | &nbsp;&nbsp;&nbsp;130038 | &nbsp;&nbsp;&nbsp;&nbsp;5514912 |
| Village Super Market, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;18575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413108 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Weis Markets, Inc. | &nbsp;&nbsp;36775 | &nbsp;&nbsp;&nbsp;&nbsp;3444714 |
|  |  | &nbsp;&nbsp;&nbsp;**32432944** |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 1.9%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 1.9%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 1.9%** |
| 22nd Century Group, Inc. *\*(a)* | 366917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480661 |
| Alico, Inc. | &nbsp;&nbsp;14250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436335 |
| AppHarvest, Inc. *\*(a)* | 168178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358219 |
| B&G Foods, Inc. *(a)* | 158435 | &nbsp;&nbsp;&nbsp;&nbsp;2595165 |
| Benson Hill, Inc. \* | 382840 | &nbsp;&nbsp;&nbsp;&nbsp;1297828 |
| Beyond Meat, Inc. *\*(a)* | 137740 | &nbsp;&nbsp;&nbsp;&nbsp;2162518 |
| Brookfield Realty Capital Corp., Class A *\*(a)* | &nbsp;&nbsp;58186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421848 |
| Calavo Growers, Inc. | &nbsp;&nbsp;38696 | &nbsp;&nbsp;&nbsp;&nbsp;1338495 |
| Cal-Maine Foods, Inc. | &nbsp;&nbsp;84827 | &nbsp;&nbsp;&nbsp;&nbsp;4793574 |
| Celsius Holdings, Inc. \* | 124304 | &nbsp;&nbsp;&nbsp;&nbsp;11321608 |
| Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;10511 | &nbsp;&nbsp;&nbsp;&nbsp;5118962 |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;68134 | &nbsp;&nbsp;&nbsp;&nbsp;1776935 |
| Hostess Brands, Inc. \* | 304424 | &nbsp;&nbsp;&nbsp;&nbsp;8061147 |
| J&J Snack Foods Corp. | &nbsp;&nbsp;34014 | &nbsp;&nbsp;&nbsp;&nbsp;5020807 |
| John B. Sanfilippo & Son, Inc. | &nbsp;&nbsp;20044 | &nbsp;&nbsp;&nbsp;&nbsp;1671870 |
| Lancaster Colony Corp. | &nbsp;&nbsp;43507 | &nbsp;&nbsp;&nbsp;&nbsp;7843442 |
| Landec Corp. \* | &nbsp;&nbsp;59401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591040 |
| Local Bounti Corp. *\*(a)* | &nbsp;&nbsp;94637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280126 |
| MGP Ingredients, Inc. | &nbsp;&nbsp;31404 | &nbsp;&nbsp;&nbsp;&nbsp;3518818 |
| Mission Produce, Inc. \* | &nbsp;&nbsp;89218 | &nbsp;&nbsp;&nbsp;&nbsp;1484587 |
| National Beverage Corp. | &nbsp;&nbsp;52870 | &nbsp;&nbsp;&nbsp;&nbsp;2507095 |
| Primo Water Corp. | 352549 | &nbsp;&nbsp;&nbsp;&nbsp;5143690 |
| Seneca Foods Corp., Class A \* | &nbsp;&nbsp;12180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768680 |
| Sovos Brands, Inc. \* | &nbsp;&nbsp;85265 | &nbsp;&nbsp;&nbsp;&nbsp;1181773 |
| SunOpta, Inc. \* | 218713 | &nbsp;&nbsp;&nbsp;&nbsp;2456147 |
| Tattooed Chef, Inc. *\*(a)* | 110153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523227 |
| The Duckhorn Portfolio, Inc. \* | &nbsp;&nbsp;82922 | &nbsp;&nbsp;&nbsp;&nbsp;1212320 |
| The Hain Celestial Group, Inc. \* | 168254 | &nbsp;&nbsp;&nbsp;&nbsp;3148032 |
| The Simply Good Foods Co. \* | 201492 | &nbsp;&nbsp;&nbsp;&nbsp;7717144 |
| The Vita Coco Co., Inc. \* | &nbsp;&nbsp;62744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643753 |
| Tootsie Roll Industries, Inc. | &nbsp;&nbsp;34777 | &nbsp;&nbsp;&nbsp;&nbsp;1404643 |
| TreeHouse Foods, Inc. \* | 113805 | &nbsp;&nbsp;&nbsp;&nbsp;5717563 |
| Turning Point Brands, Inc. | &nbsp;&nbsp;33525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789849 |
| Universal Corp. | &nbsp;&nbsp;54183 | &nbsp;&nbsp;&nbsp;&nbsp;2742202 |
| Utz Brands, Inc. | 147422 | &nbsp;&nbsp;&nbsp;&nbsp;2389711 |
| Vector Group Ltd. | 321685 | &nbsp;&nbsp;&nbsp;&nbsp;3416295 |
| Vintage Wine Estates, Inc. \* | &nbsp;&nbsp;70706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195856 |
| Vital Farms, Inc. \* | &nbsp;&nbsp;67102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888430 |
| Whole Earth Brands, Inc. \* | &nbsp;&nbsp;89374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308340 |
|  |  | **103728735** |
| &nbsp;&nbsp;**Health Care Equipment & Services 7.3%** | &nbsp;&nbsp;**Health Care Equipment & Services 7.3%** | &nbsp;&nbsp;**Health Care Equipment & Services 7.3%** |
| 1Life Healthcare, Inc. \* | 403489 | &nbsp;&nbsp;&nbsp;&nbsp;6899662 |
| 23andMe Holding Co., Class A *\*(a)* | 579618 | &nbsp;&nbsp;&nbsp;&nbsp;1820000 |
| Accolade, Inc. \* | 146096 | &nbsp;&nbsp;&nbsp;&nbsp;1574915 |
| AdaptHealth Corp. \* | 161628 | &nbsp;&nbsp;&nbsp;&nbsp;3685118 |
| Addus HomeCare Corp. \* | &nbsp;&nbsp;34584 | &nbsp;&nbsp;&nbsp;&nbsp;3542093 |
| Agiliti, Inc. \* | &nbsp;&nbsp;62625 | &nbsp;&nbsp;&nbsp;&nbsp;1094059 |
| AirSculpt Technologies, Inc. | &nbsp;&nbsp;27204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184443 |
| Alignment Healthcare, Inc. \* | 188928 | &nbsp;&nbsp;&nbsp;&nbsp;2501407 |
| Allscripts Healthcare Solutions, Inc. \* | 244670 | &nbsp;&nbsp;&nbsp;&nbsp;3596649 |
| Alphatec Holdings, Inc. \* | 161483 | &nbsp;&nbsp;&nbsp;&nbsp;1653586 |
| American Well Corp., Class A \* | 511669 | &nbsp;&nbsp;&nbsp;&nbsp;2092726 |
| AMN Healthcare Services, Inc. \* | &nbsp;&nbsp;96845 | &nbsp;&nbsp;&nbsp;&nbsp;12154047 |
| AngioDynamics, Inc. \* | &nbsp;&nbsp;83498 | &nbsp;&nbsp;&nbsp;&nbsp;1176487 |
| Apollo Medical Holdings, Inc. \* | &nbsp;&nbsp;87113 | &nbsp;&nbsp;&nbsp;&nbsp;3089027 |
| Artivion, Inc. \* | &nbsp;&nbsp;86719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967784 |
| ATI Physical Therapy, Inc. \* | 164381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179175 |
| AtriCure, Inc. \* | 102025 | &nbsp;&nbsp;&nbsp;&nbsp;4297293 |
| Atrion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3070 | &nbsp;&nbsp;&nbsp;&nbsp;1842952 |
| Avanos Medical, Inc. \* | 103793 | &nbsp;&nbsp;&nbsp;&nbsp;2299015 |

---

<sub>63</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Aveanna Healthcare Holdings, Inc. \* | &nbsp;&nbsp;97815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135963 |
| AxoGen, Inc. \* | &nbsp;&nbsp;91160 | &nbsp;&nbsp;&nbsp;1041047 |
| Axonics, Inc. \* | 109685 | &nbsp;&nbsp;&nbsp;8022361 |
| Babylon Holdings Ltd., Class A \* | 239249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113284 |
| Bioventus, Inc., Class A \* | &nbsp;&nbsp;71493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581953 |
| Brookdale Senior Living, Inc. \* | 414872 | &nbsp;&nbsp;&nbsp;1854478 |
| Butterfly Network, Inc. \* | 295922 | &nbsp;&nbsp;&nbsp;1450018 |
| Cano Health, Inc. \* | 362263 | &nbsp;&nbsp;&nbsp;1296901 |
| Cardiovascular Systems, Inc. \* | &nbsp;&nbsp;89202 | &nbsp;&nbsp;&nbsp;1288077 |
| CareMax, Inc. \* | 133357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938833 |
| Castle Biosciences, Inc. \* | &nbsp;&nbsp;55198 | &nbsp;&nbsp;&nbsp;1408653 |
| Cerus Corp. \* | 386932 | &nbsp;&nbsp;&nbsp;1416171 |
| Clover Health Investments Corp. \* | 860500 | &nbsp;&nbsp;&nbsp;1359590 |
| Community Health Systems, Inc. \* | 279864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803210 |
| Computer Programs & Systems, Inc. \* | &nbsp;&nbsp;31813 | &nbsp;&nbsp;&nbsp;1027560 |
| CONMED Corp. | &nbsp;&nbsp;65160 | &nbsp;&nbsp;&nbsp;5195207 |
| CorVel Corp. \* | &nbsp;&nbsp;19835 | &nbsp;&nbsp;&nbsp;3257105 |
| Cross Country Healthcare, Inc. \* | &nbsp;&nbsp;81986 | &nbsp;&nbsp;&nbsp;3040861 |
| Cue Health, Inc. \* | 242494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962701 |
| Cutera, Inc. \* | &nbsp;&nbsp;37141 | &nbsp;&nbsp;&nbsp;1707372 |
| DocGo, Inc. \* | 180678 | &nbsp;&nbsp;&nbsp;1788712 |
| Embecta Corp. | 130275 | &nbsp;&nbsp;&nbsp;4028103 |
| Evolent Health, Inc., Class A \* | 183500 | &nbsp;&nbsp;&nbsp;5837135 |
| Figs, Inc., Class A \* | 285439 | &nbsp;&nbsp;&nbsp;2106540 |
| Fulgent Genetics, Inc. \* | &nbsp;&nbsp;48239 | &nbsp;&nbsp;&nbsp;1911712 |
| Glaukos Corp. \* | 102375 | &nbsp;&nbsp;&nbsp;5740166 |
| Haemonetics Corp. \* | 113650 | &nbsp;&nbsp;&nbsp;9654567 |
| Health Catalyst, Inc. \* | 122329 | &nbsp;&nbsp;&nbsp;1078942 |
| HealthEquity, Inc. \* | 185759 | 14472484 |
| HealthStream, Inc. \* | &nbsp;&nbsp;53865 | &nbsp;&nbsp;&nbsp;1330465 |
| Heska Corp. \* | &nbsp;&nbsp;21610 | &nbsp;&nbsp;&nbsp;1550734 |
| Hims & Hers Health, Inc. \* | 272880 | &nbsp;&nbsp;&nbsp;1238875 |
| Inari Medical, Inc. \* | 107961 | &nbsp;&nbsp;&nbsp;8305440 |
| Innovage Holding Corp. *\*(a)* | &nbsp;&nbsp;42380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262332 |
| Inogen, Inc. \* | &nbsp;&nbsp;51241 | &nbsp;&nbsp;&nbsp;1161121 |
| Inspire Medical Systems, Inc. \* | &nbsp;&nbsp;63169 | 12314796 |
| Integer Holdings Corp. \* | &nbsp;&nbsp;73754 | &nbsp;&nbsp;&nbsp;4597087 |
| Invitae Corp. *\*(a)* | 525618 | &nbsp;&nbsp;&nbsp;1356094 |
| iRadimed Corp. | &nbsp;&nbsp;16071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466863 |
| iRhythm Technologies, Inc. \* | &nbsp;&nbsp;66777 | &nbsp;&nbsp;&nbsp;8513400 |
| Lantheus Holdings, Inc. \* | 152896 | 11312775 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp;43731 | &nbsp;&nbsp;&nbsp;1897925 |
| LHC Group, Inc. \* | &nbsp;&nbsp;66737 | 11151753 |
| LifeStance Health Group, Inc. *\*(a)* | 161161 | &nbsp;&nbsp;&nbsp;1216766 |
| LivaNova plc \* | 120149 | &nbsp;&nbsp;&nbsp;5659018 |
| Meridian Bioscience, Inc. \* | &nbsp;&nbsp;96201 | &nbsp;&nbsp;&nbsp;3075546 |
| Merit Medical Systems, Inc. \* | 125093 | &nbsp;&nbsp;&nbsp;8602646 |
| Mesa Laboratories, Inc. | &nbsp;&nbsp;11220 | &nbsp;&nbsp;&nbsp;1483396 |
| ModivCare, Inc. \* | &nbsp;&nbsp;28311 | &nbsp;&nbsp;&nbsp;2752962 |
| Multiplan Corp. \* | 846273 | &nbsp;&nbsp;&nbsp;2428803 |
| Nano-X Imaging Ltd. *\*(a)* | 101939 | &nbsp;&nbsp;&nbsp;1447534 |
| National HealthCare Corp. | &nbsp;&nbsp;28063 | &nbsp;&nbsp;&nbsp;1709598 |
| National Research Corp. | &nbsp;&nbsp;31343 | &nbsp;&nbsp;&nbsp;1276600 |
| Neogen Corp. \* | 242333 | &nbsp;&nbsp;&nbsp;3198796 |
| Nevro Corp. \* | &nbsp;&nbsp;78109 | &nbsp;&nbsp;&nbsp;2994699 |
| NextGen Healthcare, Inc. \* | 126899 | &nbsp;&nbsp;&nbsp;2543056 |
| Nutex Health, Inc. \* | &nbsp;&nbsp;85197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68584 |
| NuVasive, Inc. \* | 117189 | &nbsp;&nbsp;&nbsp;5171551 |
| Omnicell, Inc. \* | &nbsp;&nbsp;98287 | &nbsp;&nbsp;&nbsp;7599551 |
| OPKO Health, Inc. \* | 900537 | &nbsp;&nbsp;&nbsp;1711020 |
| OptimizeRx Corp. \* | &nbsp;&nbsp;39408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607474 |
| Option Care Health, Inc. \* | 349780 | 10584343 |
| OraSure Technologies, Inc. \* | 161880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705797 |
| Orthofix Medical, Inc. \* | &nbsp;&nbsp;43194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693696 |
| OrthoPediatrics Corp. \* | &nbsp;&nbsp;33211 | &nbsp;&nbsp;&nbsp;1411135 |
| Outset Medical, Inc. \* | 107315 | &nbsp;&nbsp;&nbsp;1667675 |
| Owens & Minor, Inc. | 165152 | &nbsp;&nbsp;&nbsp;2807584 |
| Owlet, Inc. \* | &nbsp;&nbsp;36191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34653 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| P3 Health Partners, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;53288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263776 |
| Paragon 28, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;102822 | &nbsp;&nbsp;&nbsp;&nbsp;2053355 |
| Patterson Cos., Inc. | &nbsp;&nbsp;&nbsp;195103 | &nbsp;&nbsp;&nbsp;&nbsp;5066825 |
| Pear Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;150851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414840 |
| Pediatrix Medical Group, Inc. \* | &nbsp;&nbsp;&nbsp;185907 | &nbsp;&nbsp;&nbsp;&nbsp;3606596 |
| PetIQ, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;61041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501757 |
| Phreesia, Inc. \* | &nbsp;&nbsp;&nbsp;109958 | &nbsp;&nbsp;&nbsp;&nbsp;3004053 |
| Privia Health Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;99840 | &nbsp;&nbsp;&nbsp;&nbsp;3342643 |
| PROCEPT BioRobotics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;57333 | &nbsp;&nbsp;&nbsp;&nbsp;2604638 |
| Progyny, Inc. \* | &nbsp;&nbsp;&nbsp;167413 | &nbsp;&nbsp;&nbsp;&nbsp;7444856 |
| Pulmonx Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;76123 | &nbsp;&nbsp;&nbsp;&nbsp;1017003 |
| R1 RCM, Inc. \* | &nbsp;&nbsp;&nbsp;336302 | &nbsp;&nbsp;&nbsp;&nbsp;5939093 |
| RadNet, Inc. \* | &nbsp;&nbsp;&nbsp;111815 | &nbsp;&nbsp;&nbsp;&nbsp;2137903 |
| RxSight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;46308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576071 |
| Schrodinger, Inc. \* | &nbsp;&nbsp;&nbsp;120856 | &nbsp;&nbsp;&nbsp;&nbsp;2896918 |
| SeaSpine Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;80727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519075 |
| Select Medical Holdings Corp. | &nbsp;&nbsp;&nbsp;233040 | &nbsp;&nbsp;&nbsp;&nbsp;5984467 |
| Sema4 Holdings Corp. \* | &nbsp;&nbsp;&nbsp;360012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370812 |
| Senseonics Holdings, Inc. *\*(a)* | 1027893 | &nbsp;&nbsp;&nbsp;&nbsp;1212914 |
| Sharecare, Inc. \* | &nbsp;&nbsp;&nbsp;655284 | &nbsp;&nbsp;&nbsp;&nbsp;1258145 |
| Shockwave Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;79663 | &nbsp;&nbsp;&nbsp;&nbsp;23353208 |
| SI-BONE, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;75631 | &nbsp;&nbsp;&nbsp;&nbsp;1470267 |
| Sight Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386042 |
| Silk Road Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;77339 | &nbsp;&nbsp;&nbsp;&nbsp;3409103 |
| Simulations Plus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34988 | &nbsp;&nbsp;&nbsp;&nbsp;1452002 |
| STAAR Surgical Co. \* | &nbsp;&nbsp;&nbsp;107305 | &nbsp;&nbsp;&nbsp;&nbsp;7604705 |
| Surgery Partners, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;88877 | &nbsp;&nbsp;&nbsp;&nbsp;2416566 |
| Surmodics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30337 | &nbsp;&nbsp;&nbsp;&nbsp;1035705 |
| Tactile Systems Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;43239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321698 |
| Tenon Medical, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12617 |
| The Ensign Group, Inc. | &nbsp;&nbsp;&nbsp;120556 | &nbsp;&nbsp;&nbsp;&nbsp;10823518 |
| The Joint Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;31059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513095 |
| The Oncology Institute, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;76583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347687 |
| The Pennant Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;57916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712946 |
| TransMedics Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;68267 | &nbsp;&nbsp;&nbsp;&nbsp;3291835 |
| Treace Medical Concepts, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;74886 | &nbsp;&nbsp;&nbsp;&nbsp;1833209 |
| U.S. Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28782 | &nbsp;&nbsp;&nbsp;&nbsp;2555842 |
| UFP Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15208 | &nbsp;&nbsp;&nbsp;&nbsp;1427271 |
| Utah Medical Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693207 |
| Varex Imaging Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;86146 | &nbsp;&nbsp;&nbsp;&nbsp;1904688 |
| Vicarious Surgical, Inc. \* | &nbsp;&nbsp;&nbsp;120032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464524 |
| ViewRay, Inc. \* | &nbsp;&nbsp;&nbsp;329985 | &nbsp;&nbsp;&nbsp;&nbsp;1415636 |
| Zimvie, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;47407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415759 |
| Zynex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563103 |
|  |  | **393722260** |
| &nbsp;&nbsp;**Household & Personal Products 1.0%** | &nbsp;&nbsp;**Household & Personal Products 1.0%** | &nbsp;&nbsp;**Household & Personal Products 1.0%** |
| BellRing Brands, Inc. \* | &nbsp;&nbsp;&nbsp;295144 | &nbsp;&nbsp;&nbsp;&nbsp;7148388 |
| Central Garden & Pet Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;21790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899273 |
| Central Garden & Pet Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;90021 | &nbsp;&nbsp;&nbsp;&nbsp;3523422 |
| Edgewell Personal Care Co. | &nbsp;&nbsp;&nbsp;115317 | &nbsp;&nbsp;&nbsp;&nbsp;4519273 |
| elf Beauty, Inc. \* | &nbsp;&nbsp;&nbsp;108336 | &nbsp;&nbsp;&nbsp;&nbsp;4686615 |
| Energizer Holdings, Inc. | &nbsp;&nbsp;&nbsp;149251 | &nbsp;&nbsp;&nbsp;&nbsp;4311861 |
| Herbalife Nutrition Ltd. \* | &nbsp;&nbsp;&nbsp;219236 | &nbsp;&nbsp;&nbsp;&nbsp;4660957 |
| Inter Parfums, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40176 | &nbsp;&nbsp;&nbsp;&nbsp;3249435 |
| Medifast, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24344 | &nbsp;&nbsp;&nbsp;&nbsp;2848005 |
| Nature's Sunshine Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252162 |
| Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;111757 | &nbsp;&nbsp;&nbsp;&nbsp;4268000 |
| The Beauty Health Co. \* | &nbsp;&nbsp;&nbsp;223205 | &nbsp;&nbsp;&nbsp;&nbsp;2551233 |
| The Honest Co., Inc. \* | &nbsp;&nbsp;&nbsp;143335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474439 |
| Thorne HealthTech, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146898 |
| USANA Health Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25101 | &nbsp;&nbsp;&nbsp;&nbsp;1318054 |
| Veru, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;145940 | &nbsp;&nbsp;&nbsp;&nbsp;1786306 |
| WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;30567 | &nbsp;&nbsp;&nbsp;&nbsp;4895611 |
|  |  | &nbsp;&nbsp;&nbsp;**51539932** |

---

<sub>64</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Insurance 2.1%** | &nbsp;&nbsp;**Insurance 2.1%** | &nbsp;&nbsp;**Insurance 2.1%** |
| Ambac Financial Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;98556 | &nbsp;&nbsp;&nbsp;&nbsp;1384712 |
| American Equity Investment Life Holding Co. | &nbsp;&nbsp;&nbsp;161974 | &nbsp;&nbsp;&nbsp;&nbsp;6977840 |
| AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42611 | &nbsp;&nbsp;&nbsp;&nbsp;2488908 |
| Argo Group International Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;71105 | &nbsp;&nbsp;&nbsp;&nbsp;1768381 |
| Bright Health Group, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;439758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452951 |
| BRP Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;133385 | &nbsp;&nbsp;&nbsp;&nbsp;3781465 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;&nbsp;253922 | &nbsp;&nbsp;&nbsp;&nbsp;5601519 |
| Crawford & Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;33903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203079 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;34289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501991 |
| eHealth, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;53376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143048 |
| Employers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61021 | &nbsp;&nbsp;&nbsp;&nbsp;2661126 |
| Enstar Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;25144 | &nbsp;&nbsp;&nbsp;&nbsp;5041875 |
| Genworth Financial, Inc., Class A \* | 1123334 | &nbsp;&nbsp;&nbsp;&nbsp;5245970 |
| Goosehead Insurance, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;42628 | &nbsp;&nbsp;&nbsp;&nbsp;1769488 |
| Greenlight Capital Re Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;59457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501817 |
| HCI Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535310 |
| Hippo Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;35748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617730 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;&nbsp;&nbsp;91958 | &nbsp;&nbsp;&nbsp;&nbsp;3628663 |
| Investors Title Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419689 |
| James River Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;82060 | &nbsp;&nbsp;&nbsp;&nbsp;2073656 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48431 | &nbsp;&nbsp;&nbsp;&nbsp;15263998 |
| Lemonade, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;104031 | &nbsp;&nbsp;&nbsp;&nbsp;2517550 |
| MBIA, Inc. \* | &nbsp;&nbsp;&nbsp;108129 | &nbsp;&nbsp;&nbsp;&nbsp;1163468 |
| Mercury General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60113 | &nbsp;&nbsp;&nbsp;&nbsp;1743277 |
| National Western Life Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5072 | &nbsp;&nbsp;&nbsp;&nbsp;1004357 |
| NI Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259025 |
| Oscar Health, Inc., Class A \* | &nbsp;&nbsp;&nbsp;264102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985100 |
| Palomar Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;54332 | &nbsp;&nbsp;&nbsp;&nbsp;4833375 |
| ProAssurance Corp. | &nbsp;&nbsp;&nbsp;120805 | &nbsp;&nbsp;&nbsp;&nbsp;2683079 |
| RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;87368 | &nbsp;&nbsp;&nbsp;&nbsp;11363956 |
| Root, Inc., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;17055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145480 |
| Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31877 | &nbsp;&nbsp;&nbsp;&nbsp;2771705 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;133533 | &nbsp;&nbsp;&nbsp;&nbsp;13096917 |
| Selectquote, Inc. \* | &nbsp;&nbsp;&nbsp;292939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197441 |
| SiriusPoint Ltd. \* | &nbsp;&nbsp;&nbsp;207585 | &nbsp;&nbsp;&nbsp;&nbsp;1332696 |
| Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60042 | &nbsp;&nbsp;&nbsp;&nbsp;2339236 |
| Tiptree, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680618 |
| Trean Insurance Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182271 |
| Trupanion, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;87254 | &nbsp;&nbsp;&nbsp;&nbsp;4403709 |
| United Fire Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47720 | &nbsp;&nbsp;&nbsp;&nbsp;1293212 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594880 |
|  |  | **114654568** |
| &nbsp;&nbsp;**Materials 4.2%** | &nbsp;&nbsp;**Materials 4.2%** | &nbsp;&nbsp;**Materials 4.2%** |
| 5E Advanced Materials, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;74036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990602 |
| AdvanSix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60703 | &nbsp;&nbsp;&nbsp;&nbsp;2208375 |
| Alpha Metallurgical Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37047 | &nbsp;&nbsp;&nbsp;&nbsp;6255386 |
| American Vanguard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;65447 | &nbsp;&nbsp;&nbsp;&nbsp;1522952 |
| Amyris, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;439405 | &nbsp;&nbsp;&nbsp;&nbsp;1234728 |
| Arconic Corp. \* | &nbsp;&nbsp;&nbsp;229762 | &nbsp;&nbsp;&nbsp;&nbsp;4769859 |
| Aspen Aerogels, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;69241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877976 |
| ATI, Inc. \* | &nbsp;&nbsp;&nbsp;277728 | &nbsp;&nbsp;&nbsp;&nbsp;8265185 |
| Avient Corp. | &nbsp;&nbsp;&nbsp;203689 | &nbsp;&nbsp;&nbsp;&nbsp;7025234 |
| Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;71292 | &nbsp;&nbsp;&nbsp;&nbsp;9966622 |
| Cabot Corp. | &nbsp;&nbsp;&nbsp;124417 | &nbsp;&nbsp;&nbsp;&nbsp;9142161 |
| Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;106916 | &nbsp;&nbsp;&nbsp;&nbsp;3998658 |
| Century Aluminum Co. \* | &nbsp;&nbsp;&nbsp;116716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841522 |
| Chase Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16888 | &nbsp;&nbsp;&nbsp;&nbsp;1591018 |
| Clearwater Paper Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;37269 | &nbsp;&nbsp;&nbsp;&nbsp;1657725 |
| Coeur Mining, Inc. \* | &nbsp;&nbsp;&nbsp;624555 | &nbsp;&nbsp;&nbsp;&nbsp;2360818 |
| Commercial Metals Co. | &nbsp;&nbsp;&nbsp;270766 | &nbsp;&nbsp;&nbsp;&nbsp;12319853 |
| Compass Minerals International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76739 | &nbsp;&nbsp;&nbsp;&nbsp;3034260 |
| Constellium SE \* | &nbsp;&nbsp;&nbsp;282839 | &nbsp;&nbsp;&nbsp;&nbsp;3116886 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Cryptyde, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21886 |
| Dakota Gold Corp. \* | &nbsp;&nbsp;&nbsp;116224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400973 |
| Danimer Scientific, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;203912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534249 |
| Diversey Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;174576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942710 |
| Ecovyst, Inc. \* | &nbsp;&nbsp;&nbsp;170880 | &nbsp;&nbsp;&nbsp;&nbsp;1700256 |
| Ferroglobe Representation and Warranty Insurance Trust *\*(b)* | &nbsp;&nbsp;&nbsp;108500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| FutureFuel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388396 |
| Glatfelter Corp. | &nbsp;&nbsp;&nbsp;101328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286758 |
| Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;57863 | &nbsp;&nbsp;&nbsp;&nbsp;3831109 |
| Greif, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;12056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853685 |
| H.B. Fuller Co. | &nbsp;&nbsp;&nbsp;118752 | &nbsp;&nbsp;&nbsp;&nbsp;8278202 |
| Hawkins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43325 | &nbsp;&nbsp;&nbsp;&nbsp;1950925 |
| Haynes International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27358 | &nbsp;&nbsp;&nbsp;&nbsp;1338080 |
| Hecla Mining Co. | 1238051 | &nbsp;&nbsp;&nbsp;&nbsp;5657893 |
| Hycroft Mining Holding Corp. \* | &nbsp;&nbsp;&nbsp;331668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228718 |
| Ingevity Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;85485 | &nbsp;&nbsp;&nbsp;&nbsp;5750576 |
| Innospec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55393 | &nbsp;&nbsp;&nbsp;&nbsp;5538746 |
| Intrepid Potash, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24858 | &nbsp;&nbsp;&nbsp;&nbsp;1124824 |
| Ivanhoe Electric, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;32010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334825 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35437 | &nbsp;&nbsp;&nbsp;&nbsp;2862955 |
| Koppers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45146 | &nbsp;&nbsp;&nbsp;&nbsp;1126844 |
| Kronos Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473091 |
| Livent Corp. \* | &nbsp;&nbsp;&nbsp;362665 | &nbsp;&nbsp;&nbsp;&nbsp;11449334 |
| LSB Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;70885 | &nbsp;&nbsp;&nbsp;&nbsp;1249703 |
| Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;45680 | &nbsp;&nbsp;&nbsp;&nbsp;3915233 |
| Mativ Holdings, Inc. | &nbsp;&nbsp;&nbsp;121766 | &nbsp;&nbsp;&nbsp;&nbsp;2890726 |
| Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72505 | &nbsp;&nbsp;&nbsp;&nbsp;3988500 |
| Myers Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81216 | &nbsp;&nbsp;&nbsp;&nbsp;1647873 |
| Novagold Resources, Inc. \* | &nbsp;&nbsp;&nbsp;535907 | &nbsp;&nbsp;&nbsp;&nbsp;2481249 |
| O-I Glass, Inc. \* | &nbsp;&nbsp;&nbsp;348256 | &nbsp;&nbsp;&nbsp;&nbsp;5680055 |
| Olympic Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590403 |
| Origin Materials, Inc. \* | &nbsp;&nbsp;&nbsp;233965 | &nbsp;&nbsp;&nbsp;&nbsp;1328921 |
| Orion Engineered Carbons S.A. | &nbsp;&nbsp;&nbsp;135670 | &nbsp;&nbsp;&nbsp;&nbsp;2165293 |
| Pactiv Evergreen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96890 | &nbsp;&nbsp;&nbsp;&nbsp;1057070 |
| Perimeter Solutions S.A. \* | &nbsp;&nbsp;&nbsp;273202 | &nbsp;&nbsp;&nbsp;&nbsp;2182884 |
| Piedmont Lithium, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38895 | &nbsp;&nbsp;&nbsp;&nbsp;2420047 |
| PolyMet Mining Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;66038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197454 |
| PureCycle Technologies, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;238192 | &nbsp;&nbsp;&nbsp;&nbsp;1969848 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30313 | &nbsp;&nbsp;&nbsp;&nbsp;4930106 |
| Ramaco Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571229 |
| Ranpak Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;94933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360745 |
| Rayonier Advanced Materials, Inc. \* | &nbsp;&nbsp;&nbsp;137433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625320 |
| Resolute Forest Products, Inc. \* | &nbsp;&nbsp;&nbsp;103149 | &nbsp;&nbsp;&nbsp;&nbsp;2146531 |
| Ryerson Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;43320 | &nbsp;&nbsp;&nbsp;&nbsp;1453386 |
| Schnitzer Steel Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;57975 | &nbsp;&nbsp;&nbsp;&nbsp;1564745 |
| Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;93859 | &nbsp;&nbsp;&nbsp;&nbsp;6707164 |
| Stepan Co. | &nbsp;&nbsp;&nbsp;&nbsp;47783 | &nbsp;&nbsp;&nbsp;&nbsp;4990457 |
| Summit Materials, Inc., Class A \* | &nbsp;&nbsp;&nbsp;265264 | &nbsp;&nbsp;&nbsp;&nbsp;6989706 |
| SunCoke Energy, Inc. | &nbsp;&nbsp;&nbsp;185447 | &nbsp;&nbsp;&nbsp;&nbsp;1346345 |
| Sylvamo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;79416 | &nbsp;&nbsp;&nbsp;&nbsp;3825469 |
| TimkenSteel Corp. \* | &nbsp;&nbsp;&nbsp;103456 | &nbsp;&nbsp;&nbsp;&nbsp;1804273 |
| Tredegar Corp. | &nbsp;&nbsp;&nbsp;&nbsp;61192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666381 |
| TriMas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;93774 | &nbsp;&nbsp;&nbsp;&nbsp;2142736 |
| Trinseo plc | &nbsp;&nbsp;&nbsp;&nbsp;78630 | &nbsp;&nbsp;&nbsp;&nbsp;1479817 |
| Tronox Holdings plc, Class A | &nbsp;&nbsp;&nbsp;261735 | &nbsp;&nbsp;&nbsp;&nbsp;3140820 |
| United States Lime & Minerals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578902 |
| Valhi, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144441 |
| Warrior Met Coal, Inc. | &nbsp;&nbsp;&nbsp;115215 | &nbsp;&nbsp;&nbsp;&nbsp;4279085 |
| Worthington Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70311 | &nbsp;&nbsp;&nbsp;&nbsp;3343991 |
|  |  | **223111763** |
| &nbsp;&nbsp;**Media & Entertainment 1.9%** | &nbsp;&nbsp;**Media & Entertainment 1.9%** | &nbsp;&nbsp;**Media & Entertainment 1.9%** |
| AdTheorent Holding Co., Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;80170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169960 |
| Advantage Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;187093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632374 |
| AMC Networks, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;67424 | &nbsp;&nbsp;&nbsp;&nbsp;1517714 |
| Audacy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;266264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92021 |

---

<sub>65</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Boston Omaha Corp., Class A \* | &nbsp;&nbsp;48858 | &nbsp;&nbsp;&nbsp;&nbsp;1361672 |
| Bumble, Inc., Class A \* | 193034 | &nbsp;&nbsp;&nbsp;&nbsp;4903064 |
| Cardlytics, Inc. \* | &nbsp;&nbsp;71994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678903 |
| Cargurus, Inc. \* | 228365 | &nbsp;&nbsp;&nbsp;&nbsp;3324994 |
| Cars.com, Inc. \* | 151280 | &nbsp;&nbsp;&nbsp;&nbsp;2099766 |
| Cinemark Holdings, Inc. \* | 243977 | &nbsp;&nbsp;&nbsp;&nbsp;2588596 |
| Clear Channel Outdoor Holdings, Inc. \* | 822116 | &nbsp;&nbsp;&nbsp;&nbsp;1175626 |
| Cumulus Media, Inc., Class A \* | &nbsp;&nbsp;38913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286789 |
| Daily Journal Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726421 |
| DHI Group, Inc. \* | &nbsp;&nbsp;96597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618221 |
| Entravision Communications Corp., Class A | 134235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628220 |
| Eventbrite, Inc., Class A \* | 172301 | &nbsp;&nbsp;&nbsp;&nbsp;1132018 |
| EverQuote, Inc., Class A \* | &nbsp;&nbsp;44086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268484 |
| fuboTV, Inc. *\*(a)* | 398629 | &nbsp;&nbsp;&nbsp;&nbsp;1458982 |
| Gambling.com Group Ltd. \* | &nbsp;&nbsp;19065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159765 |
| Gannett Co., Inc. \* | 323952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469730 |
| Gray Television, Inc. | 183782 | &nbsp;&nbsp;&nbsp;&nbsp;2600515 |
| iHeartMedia, Inc., Class A \* | 270407 | &nbsp;&nbsp;&nbsp;&nbsp;2238970 |
| IMAX Corp. \* | 104759 | &nbsp;&nbsp;&nbsp;&nbsp;1333582 |
| Innovid Corp. *\*(a)* | 168381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629745 |
| Integral Ad Science Holding Corp. \* | &nbsp;&nbsp;85775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722226 |
| John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;96158 | &nbsp;&nbsp;&nbsp;&nbsp;4056906 |
| Leafly Holdings, Inc. \* | &nbsp;&nbsp;67445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59790 |
| Liberty Media Corp. - Liberty Braves, Class A \* | &nbsp;&nbsp;22253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709648 |
| Liberty Media Corp. - Liberty Braves, Class C \* | &nbsp;&nbsp;84516 | &nbsp;&nbsp;&nbsp;&nbsp;2633519 |
| Lions Gate Entertainment Corp., Class A \* | 130729 | &nbsp;&nbsp;&nbsp;&nbsp;1053676 |
| Lions Gate Entertainment Corp., Class B \* | 258188 | &nbsp;&nbsp;&nbsp;&nbsp;1959647 |
| Loyalty Ventures, Inc. \* | &nbsp;&nbsp;44080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52014 |
| Madison Square Garden Entertainment Corp. \* | &nbsp;&nbsp;57651 | &nbsp;&nbsp;&nbsp;&nbsp;2826629 |
| Magnite, Inc. \* | 292062 | &nbsp;&nbsp;&nbsp;&nbsp;2129132 |
| MediaAlpha, Inc., Class A \* | &nbsp;&nbsp;53547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587946 |
| Outbrain, Inc. \* | &nbsp;&nbsp;87040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372531 |
| Playstudios, Inc. \* | 178129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803362 |
| PubMatic, Inc., Class A \* | &nbsp;&nbsp;95803 | &nbsp;&nbsp;&nbsp;&nbsp;1666972 |
| QuinStreet, Inc. \* | 115619 | &nbsp;&nbsp;&nbsp;&nbsp;1319213 |
| Reservoir Media, Inc. \* | &nbsp;&nbsp;44949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260704 |
| Scholastic Corp. | &nbsp;&nbsp;66703 | &nbsp;&nbsp;&nbsp;&nbsp;2544052 |
| Shutterstock, Inc. | &nbsp;&nbsp;54274 | &nbsp;&nbsp;&nbsp;&nbsp;2715328 |
| Sinclair Broadcast Group, Inc., Class A | &nbsp;&nbsp;89966 | &nbsp;&nbsp;&nbsp;&nbsp;1602295 |
| Skillz, Inc. *\*(a)* | 705959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727138 |
| Stagwell, Inc. \* | 174031 | &nbsp;&nbsp;&nbsp;&nbsp;1320895 |
| TechTarget, Inc. \* | &nbsp;&nbsp;61359 | &nbsp;&nbsp;&nbsp;&nbsp;3960723 |
| TEGNA, Inc. | 498676 | &nbsp;&nbsp;&nbsp;&nbsp;10412355 |
| The Arena Group Holdings, Inc. \* | &nbsp;&nbsp;24915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351302 |
| The E.W. Scripps Co., Class A \* | 130913 | &nbsp;&nbsp;&nbsp;&nbsp;1857656 |
| The Marcus Corp. | &nbsp;&nbsp;53012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797301 |
| Thryv Holdings, Inc. \* | &nbsp;&nbsp;56600 | &nbsp;&nbsp;&nbsp;&nbsp;1158036 |
| TrueCar, Inc. \* | 203165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365697 |
| Urban One, Inc. \* | &nbsp;&nbsp;24134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119946 |
| Urban One, Inc. \* | &nbsp;&nbsp;19434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117187 |
| Vimeo, Inc. \* | 320858 | &nbsp;&nbsp;&nbsp;&nbsp;1219260 |
| Vinco Ventures, Inc. *\*(a)* | 515848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470247 |
| Wejo Group Ltd. \* | &nbsp;&nbsp;50427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54461 |
| WideOpenWest, Inc. \* | 120003 | &nbsp;&nbsp;&nbsp;&nbsp;1645241 |
| Yelp, Inc. \* | 153876 | &nbsp;&nbsp;&nbsp;&nbsp;5910377 |
| Ziff Davis, Inc. \* | 102230 | &nbsp;&nbsp;&nbsp;&nbsp;7911580 |
| ZipRecruiter, Inc., Class A \* | 178800 | &nbsp;&nbsp;&nbsp;&nbsp;2998476 |
|  |  | **100569600** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 9.5%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 9.5%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 9.5%** |
| 2seventy bio, Inc. \* | &nbsp;&nbsp;83287 | &nbsp;&nbsp;&nbsp;1322598 |
| 4D Molecular Therapeutics, Inc. \* | &nbsp;&nbsp;67494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584498 |
| Aadi Bioscience, Inc. \* | &nbsp;&nbsp;32925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425226 |
| AbCellera Biologics, Inc. *\*(a)* | 463357 | &nbsp;&nbsp;&nbsp;5481513 |
| Absci Corp. *\*(a)* | 115388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364626 |
| ACADIA Pharmaceuticals, Inc. \* | 268983 | &nbsp;&nbsp;&nbsp;4311797 |
| Aclaris Therapeutics, Inc. \* | 144732 | &nbsp;&nbsp;&nbsp;2259266 |
| Adaptive Biotechnologies Corp. \* | 250286 | &nbsp;&nbsp;&nbsp;1947225 |
| Adicet Bio, Inc. \* | &nbsp;&nbsp;63097 | &nbsp;&nbsp;&nbsp;1040470 |
| ADMA Biologics, Inc. \* | 414978 | &nbsp;&nbsp;&nbsp;1170238 |
| Aerie Pharmaceuticals, Inc. \* | 106764 | &nbsp;&nbsp;&nbsp;1624948 |
| Aerovate Therapeutics, Inc. \* | &nbsp;&nbsp;20978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409281 |
| Affimed N.V. \* | 317498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558796 |
| Agenus, Inc. \* | 635546 | &nbsp;&nbsp;&nbsp;1595220 |
| Agios Pharmaceuticals, Inc. \* | 122102 | &nbsp;&nbsp;&nbsp;3362689 |
| Akero Therapeutics, Inc. \* | &nbsp;&nbsp;62724 | &nbsp;&nbsp;&nbsp;2650716 |
| Akoya Biosciences, Inc. \* | &nbsp;&nbsp;35694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490792 |
| Albireo Pharma, Inc. \* | &nbsp;&nbsp;38329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786511 |
| Alector, Inc. \* | 139514 | &nbsp;&nbsp;&nbsp;1283529 |
| Alkermes plc \* | 364800 | &nbsp;&nbsp;&nbsp;8280960 |
| Allogene Therapeutics, Inc. \* | 178782 | &nbsp;&nbsp;&nbsp;1841455 |
| Allovir, Inc. \* | &nbsp;&nbsp;68859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477193 |
| Alpha Teknova, Inc. \* | &nbsp;&nbsp;13552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62204 |
| Alpine Immune Sciences, Inc. \* | &nbsp;&nbsp;34323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202849 |
| ALX Oncology Holdings, Inc. \* | &nbsp;&nbsp;48734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591631 |
| Amicus Therapeutics, Inc. \* | 617018 | &nbsp;&nbsp;&nbsp;6170180 |
| Amneal Pharmaceuticals, Inc. \* | 230165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506363 |
| Amphastar Pharmaceuticals, Inc. \* | &nbsp;&nbsp;85741 | &nbsp;&nbsp;&nbsp;2649397 |
| Amylyx Pharmaceuticals, Inc. *\*(a)* | &nbsp;&nbsp;78876 | &nbsp;&nbsp;&nbsp;2813507 |
| AN2 Therapeutics, Inc. \* | &nbsp;&nbsp;11027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159009 |
| AnaptysBio, Inc. \* | &nbsp;&nbsp;45351 | &nbsp;&nbsp;&nbsp;1308376 |
| Anavex Life Sciences Corp. \* | 155442 | &nbsp;&nbsp;&nbsp;1891729 |
| ANI Pharmaceuticals, Inc. \* | &nbsp;&nbsp;28157 | &nbsp;&nbsp;&nbsp;1086579 |
| Anika Therapeutics, Inc. \* | &nbsp;&nbsp;32616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926947 |
| Apellis Pharmaceuticals, Inc. \* | 209818 | 12691891 |
| Arbutus Biopharma Corp. \* | 244362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571807 |
| Arcellx, Inc. \* | &nbsp;&nbsp;65825 | &nbsp;&nbsp;&nbsp;1545571 |
| Arcturus Therapeutics Holdings, Inc. \* | &nbsp;&nbsp;51531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912099 |
| Arcus Biosciences, Inc. \* | 114902 | &nbsp;&nbsp;&nbsp;2927703 |
| Arcutis Biotherapeutics, Inc. \* | &nbsp;&nbsp;91748 | &nbsp;&nbsp;&nbsp;1622105 |
| Arrowhead Pharmaceuticals, Inc. \* | 230282 | &nbsp;&nbsp;&nbsp;8016116 |
| Arvinas, Inc. \* | 108826 | &nbsp;&nbsp;&nbsp;5409740 |
| Atara Biotherapeutics, Inc. \* | 206699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963217 |
| Atea Pharmaceuticals, Inc. \* | 170066 | &nbsp;&nbsp;&nbsp;1020396 |
| Athira Pharma, Inc. \* | &nbsp;&nbsp;74945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248068 |
| Aura Biosciences, Inc. \* | &nbsp;&nbsp;41119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509464 |
| Aurinia Pharmaceuticals, Inc. *\*(a)* | 300513 | &nbsp;&nbsp;&nbsp;2443171 |
| Avid Bioservices, Inc. \* | 136750 | &nbsp;&nbsp;&nbsp;2316545 |
| Avidity Biosciences, Inc. \* | 114944 | &nbsp;&nbsp;&nbsp;1641400 |
| Axsome Therapeutics, Inc. \* | &nbsp;&nbsp;66544 | &nbsp;&nbsp;&nbsp;3004462 |
| Beam Therapeutics, Inc. \* | 142197 | &nbsp;&nbsp;&nbsp;6265200 |
| Berkeley Lights, Inc. \* | 122300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271506 |
| BioCryst Pharmaceuticals, Inc. \* | 415003 | &nbsp;&nbsp;&nbsp;5540290 |
| Biohaven Ltd. \* | &nbsp;&nbsp;70999 | &nbsp;&nbsp;&nbsp;1176453 |
| BioLife Solutions, Inc. \* | &nbsp;&nbsp;75707 | &nbsp;&nbsp;&nbsp;1780629 |
| Bionano Genomics, Inc. *\*(a)* | 655029 | &nbsp;&nbsp;&nbsp;1532768 |
| Bioxcel Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;42834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539280 |
| Bluebird Bio, Inc. \* | 172242 | &nbsp;&nbsp;&nbsp;1079957 |
| Blueprint Medicines Corp. \* | 133694 | &nbsp;&nbsp;&nbsp;6930697 |
| Bridgebio Pharma, Inc. \* | 234467 | &nbsp;&nbsp;&nbsp;2445491 |
| C4 Therapeutics, Inc. \* | &nbsp;&nbsp;94126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905492 |
| Cara Therapeutics, Inc. \* | 100211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941983 |
| CareDx, Inc. \* | 113591 | &nbsp;&nbsp;&nbsp;2261597 |
| Caribou Biosciences, Inc. \* | 124865 | &nbsp;&nbsp;&nbsp;1216185 |
| Cassava Sciences, Inc. *\*(a)* | &nbsp;&nbsp;85341 | &nbsp;&nbsp;&nbsp;3109826 |
| Catalyst Pharmaceuticals, Inc. \* | 214318 | &nbsp;&nbsp;&nbsp;2972591 |

---

<sub>66</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Celldex Therapeutics, Inc. \* | 102537 | &nbsp;&nbsp;&nbsp;3602125 |
| Celularity, Inc. \* | 148312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345567 |
| Century Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;45787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480763 |
| Cerevel Therapeutics Holdings, Inc. \* | 121582 | &nbsp;&nbsp;&nbsp;3399433 |
| Chimerix, Inc. \* | 184631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326797 |
| Chinook Therapeutics, Inc. \* | 111797 | &nbsp;&nbsp;&nbsp;2431585 |
| CinCor Pharma, Inc. *\*(a)* | &nbsp;&nbsp;45028 | &nbsp;&nbsp;&nbsp;1514742 |
| Codexis, Inc. \* | 135589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762010 |
| Cogent Biosciences, Inc. \* | 143563 | &nbsp;&nbsp;&nbsp;1959635 |
| Coherus Biosciences, Inc. \* | 164576 | &nbsp;&nbsp;&nbsp;1431811 |
| Collegium Pharmaceutical, Inc. \* | &nbsp;&nbsp;75704 | &nbsp;&nbsp;&nbsp;1358130 |
| Corcept Therapeutics, Inc. \* | 190744 | &nbsp;&nbsp;&nbsp;5455278 |
| Crinetics Pharmaceuticals, Inc. \* | 118132 | &nbsp;&nbsp;&nbsp;2180717 |
| CryoPort, Inc. \* | &nbsp;&nbsp;98018 | &nbsp;&nbsp;&nbsp;2720980 |
| CTI BioPharma Corp. \* | 222878 | &nbsp;&nbsp;&nbsp;1092102 |
| Cullinan Oncology, Inc. \* | &nbsp;&nbsp;67998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893494 |
| Cytek Biosciences, Inc. \* | 255497 | &nbsp;&nbsp;&nbsp;3965313 |
| Cytokinetics, Inc. \* | 183697 | &nbsp;&nbsp;&nbsp;8020211 |
| Day One Biopharmaceuticals, Inc. \* | &nbsp;&nbsp;61642 | &nbsp;&nbsp;&nbsp;1303112 |
| Deciphera Pharmaceuticals, Inc. \* | 100548 | &nbsp;&nbsp;&nbsp;1630889 |
| Denali Therapeutics, Inc. \* | 220435 | &nbsp;&nbsp;&nbsp;6322076 |
| Design Therapeutics, Inc. \* | &nbsp;&nbsp;75577 | &nbsp;&nbsp;&nbsp;1180513 |
| DICE Therapeutics, Inc. \* | &nbsp;&nbsp;63779 | &nbsp;&nbsp;&nbsp;2264792 |
| Dynavax Technologies Corp. \* | 264763 | &nbsp;&nbsp;&nbsp;3031536 |
| Dyne Therapeutics, Inc. \* | &nbsp;&nbsp;70809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807223 |
| Eagle Pharmaceuticals, Inc. \* | &nbsp;&nbsp;23107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727177 |
| Edgewise Therapeutics, Inc. \* | &nbsp;&nbsp;66853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635772 |
| Editas Medicine, Inc. \* | 155181 | &nbsp;&nbsp;&nbsp;1947522 |
| Eiger BioPharmaceuticals, Inc. \* | &nbsp;&nbsp;92051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470381 |
| Emergent BioSolutions, Inc. \* | 112831 | &nbsp;&nbsp;&nbsp;2353655 |
| Enanta Pharmaceuticals, Inc. \* | &nbsp;&nbsp;43896 | &nbsp;&nbsp;&nbsp;1980149 |
| Enochian Biosciences, Inc. \* | &nbsp;&nbsp;43414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88130 |
| EQRx, Inc. *\*(a)* | 450324 | &nbsp;&nbsp;&nbsp;2314665 |
| Erasca, Inc. *\*(a)* | 144541 | &nbsp;&nbsp;&nbsp;1180900 |
| Esperion Therapeutics, Inc. \* | 148753 | &nbsp;&nbsp;&nbsp;1209362 |
| Evolus, Inc. \* | &nbsp;&nbsp;79498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680503 |
| EyePoint Pharmaceuticals, Inc. \* | &nbsp;&nbsp;59603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321856 |
| Fate Therapeutics, Inc. \* | 185966 | &nbsp;&nbsp;&nbsp;3890409 |
| FibroGen, Inc. \* | 195745 | &nbsp;&nbsp;&nbsp;3186729 |
| Foghorn Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;44129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385687 |
| Fulcrum Therapeutics, Inc. \* | &nbsp;&nbsp;77321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429905 |
| Gelesis Holdings, Inc. \* | &nbsp;&nbsp;35034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13057 |
| Generation Bio Co. \* | 106621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545900 |
| Geron Corp. \* | 806768 | &nbsp;&nbsp;&nbsp;1791025 |
| Gossamer Bio, Inc. \* | 140419 | &nbsp;&nbsp;&nbsp;1558651 |
| GreenLight Biosciences Holdings PBC *\*(a)* | 159497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283905 |
| Halozyme Therapeutics, Inc. \* | 303622 | 14516168 |
| Harmony Biosciences Holdings, Inc. \* | &nbsp;&nbsp;58650 | &nbsp;&nbsp;&nbsp;3049800 |
| Heron Therapeutics, Inc. \* | 228346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879132 |
| HilleVax, Inc. \* | &nbsp;&nbsp;29325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626968 |
| Humacyte, Inc. *\*(a)* | &nbsp;&nbsp;38779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133594 |
| Icosavax, Inc. \* | &nbsp;&nbsp;48839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167518 |
| Ideaya Biosciences, Inc. \* | &nbsp;&nbsp;80011 | &nbsp;&nbsp;&nbsp;1351386 |
| IGM Biosciences, Inc. \* | &nbsp;&nbsp;24001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480020 |
| Imago Biosciences, Inc. \* | &nbsp;&nbsp;58727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998359 |
| ImmunityBio, Inc. *\*(a)* | 184206 | &nbsp;&nbsp;&nbsp;1013133 |
| ImmunoGen, Inc. \* | 480515 | &nbsp;&nbsp;&nbsp;2854259 |
| Immunovant, Inc. \* | &nbsp;&nbsp;90272 | &nbsp;&nbsp;&nbsp;1011046 |
| Inhibrx, Inc. \* | &nbsp;&nbsp;65317 | &nbsp;&nbsp;&nbsp;2101901 |
| Innoviva, Inc. \* | 141192 | &nbsp;&nbsp;&nbsp;1914564 |
| Inotiv, Inc. \* | &nbsp;&nbsp;39167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813890 |
| Inovio Pharmaceuticals, Inc. \* | 552840 | &nbsp;&nbsp;&nbsp;1194134 |
| Insmed, Inc. \* | 266815 | &nbsp;&nbsp;&nbsp;4621236 |
| Instil Bio, Inc. \* | 155472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513058 |
| Intellia Therapeutics, Inc. \* | 168715 | &nbsp;&nbsp;&nbsp;8904778 |
| Intercept Pharmaceuticals, Inc. \* | &nbsp;&nbsp;55077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763918 |
| Intra-Cellular Therapies, Inc. \* | 204984 | &nbsp;&nbsp;&nbsp;9361619 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Invivyd, Inc. \* | 112840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445718 |
| Iovance Biotherapeutics, Inc. \* | 337358 | &nbsp;&nbsp;&nbsp;3150924 |
| Ironwood Pharmaceuticals, Inc. \* | 305723 | &nbsp;&nbsp;&nbsp;3344610 |
| iTeos Therapeutics, Inc. \* | &nbsp;&nbsp;52441 | &nbsp;&nbsp;&nbsp;1021551 |
| IVERIC bio, Inc. \* | 265137 | &nbsp;&nbsp;&nbsp;6342077 |
| Janux Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;38809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701667 |
| Jounce Therapeutics, Inc. \* | &nbsp;&nbsp;92459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201561 |
| KalVista Pharmaceuticals, Inc. \* | &nbsp;&nbsp;54264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275118 |
| Karuna Therapeutics, Inc. \* | &nbsp;&nbsp;66808 | 14653667 |
| Karyopharm Therapeutics, Inc. \* | 170694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812503 |
| Keros Therapeutics, Inc. \* | &nbsp;&nbsp;40412 | &nbsp;&nbsp;&nbsp;2034340 |
| Kezar Life Sciences, Inc. \* | 117494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882967 |
| Kiniksa Pharmaceuticals Ltd., Class A \* | &nbsp;&nbsp;70115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800713 |
| Kinnate Biopharma, Inc. \* | &nbsp;&nbsp;65765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554399 |
| Kodiak Sciences, Inc. \* | &nbsp;&nbsp;75418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541501 |
| Kronos Bio, Inc. \* | &nbsp;&nbsp;90167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266894 |
| Krystal Biotech, Inc. \* | &nbsp;&nbsp;47715 | &nbsp;&nbsp;&nbsp;3650197 |
| Kura Oncology, Inc. \* | 142344 | &nbsp;&nbsp;&nbsp;2209179 |
| Kymera Therapeutics, Inc. \* | &nbsp;&nbsp;84919 | &nbsp;&nbsp;&nbsp;2576442 |
| Lexicon Pharmaceuticals, Inc. \* | 183411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394334 |
| Ligand Pharmaceuticals, Inc. \* | &nbsp;&nbsp;33820 | &nbsp;&nbsp;&nbsp;2964323 |
| Liquidia Corp. \* | 105805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517386 |
| Lyell Immunopharma, Inc. *\*(a)* | 387211 | &nbsp;&nbsp;&nbsp;2276801 |
| MacroGenics, Inc. \* | 136729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700052 |
| Madrigal Pharmaceuticals, Inc. \* | &nbsp;&nbsp;28582 | &nbsp;&nbsp;&nbsp;2024177 |
| MannKind Corp. \* | 559221 | &nbsp;&nbsp;&nbsp;1890167 |
| MaxCyte, Inc. \* | 193640 | &nbsp;&nbsp;&nbsp;1339989 |
| Medpace Holdings, Inc. \* | &nbsp;&nbsp;56789 | 12606022 |
| MeiraGTx Holdings plc \* | &nbsp;&nbsp;68201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495821 |
| Mersana Therapeutics, Inc. \* | 200724 | &nbsp;&nbsp;&nbsp;1577691 |
| MiMedx Group, Inc. \* | 253295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749753 |
| Mirum Pharmaceuticals, Inc. \* | &nbsp;&nbsp;40478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912779 |
| Monte Rosa Therapeutics, Inc. \* | &nbsp;&nbsp;64436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592811 |
| Morphic Holding, Inc. \* | &nbsp;&nbsp;57842 | &nbsp;&nbsp;&nbsp;1620154 |
| Myriad Genetics, Inc. \* | 177891 | &nbsp;&nbsp;&nbsp;3689459 |
| NanoString Technologies, Inc. \* | 104324 | &nbsp;&nbsp;&nbsp;1091229 |
| Nautilus Biotechnology, Inc. \* | 104750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258732 |
| Nektar Therapeutics \* | 406495 | &nbsp;&nbsp;&nbsp;1528421 |
| NeoGenomics, Inc. \* | 282196 | &nbsp;&nbsp;&nbsp;2146101 |
| NGM Biopharmaceuticals, Inc. \* | &nbsp;&nbsp;88652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473402 |
| Nkarta, Inc. \* | &nbsp;&nbsp;72450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913594 |
| Nurix Therapeutics, Inc. \* | 103353 | &nbsp;&nbsp;&nbsp;1315684 |
| Nuvalent, Inc., Class A \* | &nbsp;&nbsp;37773 | &nbsp;&nbsp;&nbsp;1348874 |
| Nuvation Bio, Inc. \* | 260365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572803 |
| Ocugen, Inc. *\*(a)* | 477831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821869 |
| Ocular Therapeutix, Inc. \* | 173463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626201 |
| Organogenesis Holdings, Inc. \* | 156729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514071 |
| Outlook Therapeutics, Inc. *\*(a)* | 266760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309442 |
| Pacific Biosciences of California, Inc. \* | 505427 | &nbsp;&nbsp;&nbsp;4265804 |
| Pacira BioSciences, Inc. \* | 100503 | &nbsp;&nbsp;&nbsp;5202035 |
| Pardes Biosciences, Inc. \* | &nbsp;&nbsp;75704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90845 |
| PepGen, Inc. *\*(a)* | &nbsp;&nbsp;21133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259513 |
| Phathom Pharmaceuticals, Inc. \* | &nbsp;&nbsp;52056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551794 |
| Phibro Animal Health Corp., Class A | &nbsp;&nbsp;45620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670158 |
| PMV Pharmaceuticals, Inc. \* | &nbsp;&nbsp;82973 | &nbsp;&nbsp;&nbsp;1021398 |
| Point Biopharma Global, Inc. \* | 165036 | &nbsp;&nbsp;&nbsp;1539786 |
| Praxis Precision Medicines, Inc. \* | &nbsp;&nbsp;84185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165844 |
| Precigen, Inc. \* | 227116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367928 |
| Prestige Consumer Healthcare, Inc. \* | 111403 | &nbsp;&nbsp;&nbsp;6069235 |
| Prometheus Biosciences, Inc. \* | &nbsp;&nbsp;68489 | &nbsp;&nbsp;&nbsp;3597042 |
| Protagonist Therapeutics, Inc. \* | 102668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831611 |
| Prothena Corp. plc \* | &nbsp;&nbsp;79370 | &nbsp;&nbsp;&nbsp;4876493 |
| Provention Bio, Inc. \* | 131989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916004 |
| PTC Therapeutics, Inc. \* | 157164 | &nbsp;&nbsp;&nbsp;5943942 |
| Quanterix Corp. \* | &nbsp;&nbsp;75914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840368 |
| Quantum-Si, Inc. \* | 206210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624816 |
| Rallybio Corp. \* | &nbsp;&nbsp;35048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335059 |
| RAPT Therapeutics, Inc. \* | &nbsp;&nbsp;57918 | &nbsp;&nbsp;&nbsp;1263771 |

---

<sub>67</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Reata Pharmaceuticals, Inc., Class A \* | &nbsp;&nbsp;61546 | &nbsp;&nbsp;&nbsp;&nbsp;1981781 |
| Recursion Pharmaceuticals, Inc., Class A \* | 305753 | &nbsp;&nbsp;&nbsp;&nbsp;3225694 |
| REGENXBIO, Inc. \* | &nbsp;&nbsp;90027 | &nbsp;&nbsp;&nbsp;&nbsp;2130939 |
| Relay Therapeutics, Inc. \* | 171156 | &nbsp;&nbsp;&nbsp;&nbsp;3803086 |
| Relmada Therapeutics, Inc. \* | &nbsp;&nbsp;61410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392410 |
| Replimune Group, Inc. \* | &nbsp;&nbsp;90531 | &nbsp;&nbsp;&nbsp;&nbsp;1662149 |
| Revance Therapeutics, Inc. \* | 160507 | &nbsp;&nbsp;&nbsp;&nbsp;3580911 |
| REVOLUTION Medicines, Inc. \* | 166596 | &nbsp;&nbsp;&nbsp;&nbsp;3375235 |
| Rigel Pharmaceuticals, Inc. \* | 380139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276969 |
| Rocket Pharmaceuticals, Inc. \* | &nbsp;&nbsp;97586 | &nbsp;&nbsp;&nbsp;&nbsp;1820955 |
| Sage Therapeutics, Inc. \* | 116533 | &nbsp;&nbsp;&nbsp;&nbsp;4388633 |
| Sana Biotechnology, Inc. \* | 199802 | &nbsp;&nbsp;&nbsp;&nbsp;1158852 |
| Sangamo Therapeutics, Inc. \* | 285099 | &nbsp;&nbsp;&nbsp;&nbsp;1251585 |
| Science 37 Holdings, Inc. \* | 136794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198351 |
| Seer, Inc. \* | 115164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901734 |
| Seres Therapeutics, Inc. \* | 157681 | &nbsp;&nbsp;&nbsp;&nbsp;1397054 |
| SIGA Technologies, Inc. | 105712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971493 |
| Singular Genomics Systems, Inc. *\*(a)* | 126875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337487 |
| SomaLogic, Inc. \* | 335875 | &nbsp;&nbsp;&nbsp;&nbsp;1165486 |
| Sorrento Therapeutics, Inc. \* | 854496 | &nbsp;&nbsp;&nbsp;&nbsp;1341559 |
| SpringWorks Therapeutics, Inc. \* | &nbsp;&nbsp;77811 | &nbsp;&nbsp;&nbsp;&nbsp;1868242 |
| Stoke Therapeutics, Inc. \* | &nbsp;&nbsp;50512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750103 |
| Supernus Pharmaceuticals, Inc. \* | 109597 | &nbsp;&nbsp;&nbsp;&nbsp;3755889 |
| Sutro Biopharma, Inc. \* | 110497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809943 |
| Syndax Pharmaceuticals, Inc. \* | 119031 | &nbsp;&nbsp;&nbsp;&nbsp;2732952 |
| Talaris Therapeutics, Inc. \* | &nbsp;&nbsp;50489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76238 |
| Tango Therapeutics, Inc. \* | 102798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826496 |
| Tarsus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;40786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751278 |
| Tenaya Therapeutics, Inc. \* | &nbsp;&nbsp;61401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164555 |
| TG Therapeutics, Inc. \* | 298052 | &nbsp;&nbsp;&nbsp;&nbsp;1734663 |
| Theravance Biopharma, Inc. \* | 144305 | &nbsp;&nbsp;&nbsp;&nbsp;1438721 |
| Theseus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;37327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200819 |
| Travere Therapeutics, Inc. \* | 136257 | &nbsp;&nbsp;&nbsp;&nbsp;2954052 |
| Tricida, Inc. *\*(a)* | &nbsp;&nbsp;74893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24887 |
| Twist Bioscience Corp. \* | 125578 | &nbsp;&nbsp;&nbsp;&nbsp;4122726 |
| Tyra Biosciences, Inc. \* | &nbsp;&nbsp;28831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199511 |
| Vanda Pharmaceuticals, Inc. \* | 124053 | &nbsp;&nbsp;&nbsp;&nbsp;1298835 |
| Vaxart, Inc. *\*(a)* | 276951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462508 |
| Vaxcyte, Inc. \* | 150984 | &nbsp;&nbsp;&nbsp;&nbsp;6584412 |
| VBI Vaccines, Inc. \* | 440434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317157 |
| Ventyx Biosciences, Inc. \* | &nbsp;&nbsp;49976 | &nbsp;&nbsp;&nbsp;&nbsp;1617723 |
| Vera Therapeutics, Inc. \* | &nbsp;&nbsp;31143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580506 |
| Veracyte, Inc. \* | 160370 | &nbsp;&nbsp;&nbsp;&nbsp;3225041 |
| Vericel Corp. \* | 105633 | &nbsp;&nbsp;&nbsp;&nbsp;2839415 |
| Verve Therapeutics, Inc. \* | 101797 | &nbsp;&nbsp;&nbsp;&nbsp;3837747 |
| Vir Biotechnology, Inc. \* | 162244 | &nbsp;&nbsp;&nbsp;&nbsp;3566123 |
| Viridian Therapeutics, Inc. \* | &nbsp;&nbsp;59054 | &nbsp;&nbsp;&nbsp;&nbsp;1175175 |
| VistaGen Therapeutics, Inc. \* | 427939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56745 |
| Xencor, Inc. \* | 128422 | &nbsp;&nbsp;&nbsp;&nbsp;3595816 |
| Xeris Biopharma Holdings, Inc. \* | 300770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481232 |
| Y-mAbs Therapeutics, Inc. \* | &nbsp;&nbsp;82029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296125 |
| Zentalis Pharmaceuticals, Inc. \* | 105164 | &nbsp;&nbsp;&nbsp;&nbsp;2638565 |
|  |  | **507716852** |
| &nbsp;&nbsp;**Real Estate 6.4%** | &nbsp;&nbsp;**Real Estate 6.4%** | &nbsp;&nbsp;**Real Estate 6.4%** |
| Acadia Realty Trust | 208357 | &nbsp;&nbsp;&nbsp;&nbsp;2910747 |
| Agree Realty Corp. | 176542 | &nbsp;&nbsp;&nbsp;&nbsp;12128435 |
| Alexander & Baldwin, Inc. | 162063 | &nbsp;&nbsp;&nbsp;&nbsp;3156987 |
| Alexander's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4789 | &nbsp;&nbsp;&nbsp;&nbsp;1124888 |
| American Assets Trust, Inc. | 110539 | &nbsp;&nbsp;&nbsp;&nbsp;3037612 |
| American Realty Investors, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58172 |
| Anywhere Real Estate, Inc. \* | 251421 | &nbsp;&nbsp;&nbsp;&nbsp;1868058 |
| Apartment Investment & Management Co., Class A | 335086 | &nbsp;&nbsp;&nbsp;&nbsp;2660583 |
| Apple Hospitality REIT, Inc. | 481348 | &nbsp;&nbsp;&nbsp;&nbsp;8240678 |
| Armada Hoffler Properties, Inc. | 150095 | &nbsp;&nbsp;&nbsp;&nbsp;1754611 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Ashford Hospitality Trust, Inc. \* | &nbsp;&nbsp;78017 | &nbsp;&nbsp;&nbsp;&nbsp;633498 |
| Bluerock Homes Trust, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7987 | &nbsp;&nbsp;&nbsp;&nbsp;202071 |
| Braemar Hotels & Resorts, Inc. | 153801 | &nbsp;&nbsp;&nbsp;&nbsp;758239 |
| Brandywine Realty Trust | 380398 | 2495411 |
| Broadstone Net Lease, Inc. | 373312 | 6398568 |
| BRT Apartments Corp. | &nbsp;&nbsp;26640 | &nbsp;&nbsp;&nbsp;&nbsp;590342 |
| CareTrust REIT, Inc. | 216089 | 4036543 |
| CBL & Associates Properties, Inc. | &nbsp;&nbsp;59612 | 1712653 |
| Centerspace | &nbsp;&nbsp;34396 | 2383643 |
| Chatham Lodging Trust \* | 107910 | 1399593 |
| City Office REIT, Inc. | &nbsp;&nbsp;91139 | &nbsp;&nbsp;&nbsp;&nbsp;967896 |
| Clipper Realty, Inc. | &nbsp;&nbsp;26341 | &nbsp;&nbsp;&nbsp;&nbsp;186758 |
| Community Healthcare Trust, Inc. | &nbsp;&nbsp;52924 | 1831170 |
| Compass, Inc., Class A \* | 612928 | 1618130 |
| Corporate Office Properties Trust | 252103 | 6718545 |
| CTO Realty Growth, Inc. | &nbsp;&nbsp;39172 | &nbsp;&nbsp;&nbsp;&nbsp;787357 |
| Cushman & Wakefield plc \* | 355695 | 4108277 |
| DiamondRock Hospitality Co. | 469289 | 4383159 |
| DigitalBridge Group, Inc. | 362747 | 4643165 |
| Diversified Healthcare Trust | 537555 | &nbsp;&nbsp;&nbsp;&nbsp;731075 |
| Doma Holdings, Inc. \* | 300934 | &nbsp;&nbsp;&nbsp;&nbsp;163287 |
| Douglas Elliman, Inc. | 169624 | &nbsp;&nbsp;&nbsp;&nbsp;783663 |
| Easterly Government Properties, Inc. | 204072 | 3548812 |
| Elme Communities | 195605 | 3734099 |
| Empire State Realty Trust, Inc., Class A | 302633 | 2230405 |
| Equity Commonwealth | 238336 | 6234870 |
| Essential Properties Realty Trust, Inc. | 314526 | 6768600 |
| eXp World Holdings, Inc. *(a)* | 155912 | 2059598 |
| Farmland Partners, Inc. | 108007 | 1513178 |
| Forestar Group, Inc. \* | &nbsp;&nbsp;40339 | &nbsp;&nbsp;&nbsp;&nbsp;467126 |
| Four Corners Property Trust, Inc. | 181805 | 4657844 |
| Franklin Street Properties Corp. | 221253 | &nbsp;&nbsp;&nbsp;&nbsp;637209 |
| FRP Holdings, Inc. \* | &nbsp;&nbsp;14951 | &nbsp;&nbsp;&nbsp;&nbsp;906479 |
| Getty Realty Corp. | &nbsp;&nbsp;94445 | 2974073 |
| Gladstone Commercial Corp. | &nbsp;&nbsp;87282 | 1535290 |
| Gladstone Land Corp. | &nbsp;&nbsp;72391 | 1473157 |
| Global Medical REIT, Inc. | 135445 | 1237967 |
| Global Net Lease, Inc. | 233102 | 2855499 |
| Hersha Hospitality Trust | &nbsp;&nbsp;71030 | &nbsp;&nbsp;&nbsp;&nbsp;649924 |
| Independence Realty Trust, Inc. | 496096 | 8314569 |
| Indus Realty Trust, Inc. | &nbsp;&nbsp;12044 | &nbsp;&nbsp;&nbsp;&nbsp;623759 |
| Industrial Logistics Properties Trust | 146817 | &nbsp;&nbsp;&nbsp;&nbsp;687104 |
| Innovative Industrial Properties, Inc. | &nbsp;&nbsp;62149 | 6718307 |
| InvenTrust Properties Corp. | 151610 | 3820572 |
| iStar, Inc. | 152046 | 1593442 |
| Kennedy-Wilson Holdings, Inc. | 264317 | 4390305 |
| Kite Realty Group Trust | 487524 | 9574971 |
| LTC Properties, Inc. | &nbsp;&nbsp;89413 | 3457601 |
| LXP Industrial Trust | 618129 | 5983489 |
| Marcus & Millichap, Inc. | &nbsp;&nbsp;57214 | 2107764 |
| National Health Investors, Inc. | &nbsp;&nbsp;96187 | 5453803 |
| NETSTREIT Corp. | 136418 | 2567387 |
| Newmark Group, Inc., Class A | 316965 | 2595943 |
| NexPoint Residential Trust, Inc. | &nbsp;&nbsp;50772 | 2315203 |
| Offerpad Solutions, Inc. *\*(a)* | 150020 | &nbsp;&nbsp;&nbsp;&nbsp;146194 |
| Office Properties Income Trust | 106999 | 1637085 |
| One Liberty Properties, Inc. | &nbsp;&nbsp;36487 | &nbsp;&nbsp;&nbsp;&nbsp;822417 |
| Orion Office REIT, Inc. | 128215 | 1201375 |
| Outfront Media, Inc. | 327680 | 5914624 |
| Paramount Group, Inc. | 430139 | 2782999 |
| Pebblebrook Hotel Trust | 290624 | 4661609 |
| Phillips Edison & Co., Inc. | 262164 | 7901623 |
| Physicians Realty Trust | 503489 | 7582544 |
| Piedmont Office Realty Trust, Inc., Class A | 275304 | 2876927 |
| Plymouth Industrial REIT, Inc. | &nbsp;&nbsp;84457 | 1557387 |
| Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;39805 | &nbsp;&nbsp;&nbsp;&nbsp;624142 |
| PotlatchDeltic Corp. | 178052 | 7921533 |

---

<sub>68</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| RE/MAX Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;41044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798716 |
| Redfin Corp. \* | &nbsp;&nbsp;&nbsp;236933 | &nbsp;&nbsp;&nbsp;&nbsp;1139648 |
| Retail Opportunity Investments Corp. | &nbsp;&nbsp;&nbsp;269749 | &nbsp;&nbsp;&nbsp;&nbsp;3905966 |
| RLJ Lodging Trust | &nbsp;&nbsp;&nbsp;358862 | &nbsp;&nbsp;&nbsp;&nbsp;4367351 |
| RPT Realty | &nbsp;&nbsp;&nbsp;188540 | &nbsp;&nbsp;&nbsp;&nbsp;1753422 |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;120422 | &nbsp;&nbsp;&nbsp;&nbsp;10707924 |
| Sabra Health Care REIT, Inc. | &nbsp;&nbsp;&nbsp;516491 | &nbsp;&nbsp;&nbsp;&nbsp;7055267 |
| Safehold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48761 | &nbsp;&nbsp;&nbsp;&nbsp;1426259 |
| Saul Centers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26286 | &nbsp;&nbsp;&nbsp;&nbsp;1076412 |
| Service Properties Trust | &nbsp;&nbsp;&nbsp;368410 | &nbsp;&nbsp;&nbsp;&nbsp;2987805 |
| SITE Centers Corp. | &nbsp;&nbsp;&nbsp;435824 | &nbsp;&nbsp;&nbsp;&nbsp;5395501 |
| STAG Industrial, Inc. | &nbsp;&nbsp;&nbsp;403726 | &nbsp;&nbsp;&nbsp;&nbsp;12753704 |
| Stratus Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388507 |
| Summit Hotel Properties, Inc. | &nbsp;&nbsp;&nbsp;234385 | &nbsp;&nbsp;&nbsp;&nbsp;2025086 |
| Sunstone Hotel Investors, Inc. | &nbsp;&nbsp;&nbsp;474629 | &nbsp;&nbsp;&nbsp;&nbsp;5292113 |
| Tanger Factory Outlet Centers, Inc. | &nbsp;&nbsp;&nbsp;226919 | &nbsp;&nbsp;&nbsp;&nbsp;4086811 |
| Tejon Ranch Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;46661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790437 |
| Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;166319 | &nbsp;&nbsp;&nbsp;&nbsp;9503468 |
| The Macerich Co. | &nbsp;&nbsp;&nbsp;481966 | &nbsp;&nbsp;&nbsp;&nbsp;5364282 |
| The Necessity Retail REIT, Inc. | &nbsp;&nbsp;&nbsp;299044 | &nbsp;&nbsp;&nbsp;&nbsp;2045461 |
| The RMR Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;34160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934959 |
| The St. Joe Co. | &nbsp;&nbsp;&nbsp;&nbsp;77152 | &nbsp;&nbsp;&nbsp;&nbsp;2741211 |
| Transcontinental Realty Investors, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113408 |
| UMH Properties, Inc. | &nbsp;&nbsp;&nbsp;110566 | &nbsp;&nbsp;&nbsp;&nbsp;1939328 |
| Uniti Group, Inc. | &nbsp;&nbsp;&nbsp;531156 | &nbsp;&nbsp;&nbsp;&nbsp;4121771 |
| Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;28810 | &nbsp;&nbsp;&nbsp;&nbsp;1402183 |
| Urban Edge Properties | &nbsp;&nbsp;&nbsp;256005 | &nbsp;&nbsp;&nbsp;&nbsp;3614791 |
| Urstadt Biddle Properties, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;66347 | &nbsp;&nbsp;&nbsp;&nbsp;1243343 |
| Veris Residential, Inc. \* | &nbsp;&nbsp;&nbsp;193193 | &nbsp;&nbsp;&nbsp;&nbsp;3058245 |
| Whitestone REIT | &nbsp;&nbsp;&nbsp;104291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981378 |
| Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;255917 | &nbsp;&nbsp;&nbsp;&nbsp;4371062 |
|  |  | **341178441** |
| &nbsp;&nbsp;**Retailing 2.9%** | &nbsp;&nbsp;**Retailing 2.9%** | &nbsp;&nbsp;**Retailing 2.9%** |
| 1-800-Flowers.com, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;61116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445536 |
| 1stdibs.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;53589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362798 |
| Abercrombie & Fitch Co., Class A \* | &nbsp;&nbsp;&nbsp;110644 | &nbsp;&nbsp;&nbsp;&nbsp;1945122 |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp;185161 | &nbsp;&nbsp;&nbsp;&nbsp;8152639 |
| aka Brands Holding Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;25881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52797 |
| American Eagle Outfitters, Inc. | &nbsp;&nbsp;&nbsp;345108 | &nbsp;&nbsp;&nbsp;&nbsp;3920427 |
| America's Car-Mart, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;914999 |
| Arko Corp. | &nbsp;&nbsp;&nbsp;187193 | &nbsp;&nbsp;&nbsp;&nbsp;1918728 |
| Asbury Automotive Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49573 | &nbsp;&nbsp;&nbsp;&nbsp;7820141 |
| BARK, Inc. \* | &nbsp;&nbsp;&nbsp;271168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496237 |
| Bed Bath & Beyond, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;177790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812500 |
| Big 5 Sporting Goods Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;48422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624160 |
| Big Lots, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63433 | &nbsp;&nbsp;&nbsp;&nbsp;1196981 |
| Boot Barn Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;66057 | &nbsp;&nbsp;&nbsp;&nbsp;3752038 |
| Boxed, Inc. \* | &nbsp;&nbsp;&nbsp;126619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63297 |
| Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567102 |
| Caleres, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78975 | &nbsp;&nbsp;&nbsp;&nbsp;2158387 |
| Camping World Holdings, Inc., Class A *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;86182 | &nbsp;&nbsp;&nbsp;&nbsp;2398445 |
| CarParts.com, Inc. \* | &nbsp;&nbsp;&nbsp;113148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529533 |
| Chico's FAS, Inc. \* | &nbsp;&nbsp;&nbsp;273316 | &nbsp;&nbsp;&nbsp;&nbsp;1607098 |
| Citi Trends, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416634 |
| Conn's, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235315 |
| ContextLogic, Inc., Class A \* | 1292778 | &nbsp;&nbsp;&nbsp;&nbsp;1012245 |
| Designer Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;125652 | &nbsp;&nbsp;&nbsp;&nbsp;1913680 |
| Destination XL Group, Inc. \* | &nbsp;&nbsp;&nbsp;130731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873283 |
| Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9164 | &nbsp;&nbsp;&nbsp;&nbsp;3013032 |
| Duluth Holdings, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;29107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253231 |
| EVgo, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;151246 | &nbsp;&nbsp;&nbsp;&nbsp;1120733 |
| Express, Inc. \* | &nbsp;&nbsp;&nbsp;141166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172223 |
| Foot Locker, Inc. | &nbsp;&nbsp;&nbsp;182893 | &nbsp;&nbsp;&nbsp;&nbsp;5797708 |
| Franchise Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61646 | &nbsp;&nbsp;&nbsp;&nbsp;1870956 |
| Funko, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;71268 | &nbsp;&nbsp;&nbsp;&nbsp;1471684 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Genesco, Inc. \* | &nbsp;&nbsp;29389 | &nbsp;&nbsp;&nbsp;&nbsp;1382459 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;34223 | &nbsp;&nbsp;&nbsp;&nbsp;5920579 |
| Groupon, Inc. *\*(a)* | &nbsp;&nbsp;48635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358440 |
| GrowGeneration Corp. *\*(a)* | 130424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465614 |
| Guess?, Inc. | &nbsp;&nbsp;75857 | &nbsp;&nbsp;&nbsp;&nbsp;1288052 |
| Haverty Furniture Cos., Inc. | &nbsp;&nbsp;33006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877299 |
| Hibbett, Inc. | &nbsp;&nbsp;28667 | &nbsp;&nbsp;&nbsp;&nbsp;1789394 |
| JOANN, Inc. *(a)* | &nbsp;&nbsp;24227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128161 |
| Lands' End, Inc. \* | &nbsp;&nbsp;33817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354402 |
| Liquidity Services, Inc. \* | &nbsp;&nbsp;54581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937702 |
| LL Flooring Holdings, Inc. \* | &nbsp;&nbsp;64103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533337 |
| Lulu's Fashion Lounge Holdings, Inc. \* | &nbsp;&nbsp;36636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229341 |
| MarineMax, Inc. \* | &nbsp;&nbsp;47335 | &nbsp;&nbsp;&nbsp;&nbsp;1529394 |
| Monro, Inc. | &nbsp;&nbsp;71521 | &nbsp;&nbsp;&nbsp;&nbsp;3415128 |
| Murphy USA, Inc. | &nbsp;&nbsp;48378 | &nbsp;&nbsp;&nbsp;&nbsp;15215365 |
| National Vision Holdings, Inc. \* | 175580 | &nbsp;&nbsp;&nbsp;&nbsp;6503483 |
| OneWater Marine, Inc., Class A \* | &nbsp;&nbsp;25300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834900 |
| Overstock.com, Inc. \* | &nbsp;&nbsp;95439 | &nbsp;&nbsp;&nbsp;&nbsp;2218957 |
| Party City Holdco, Inc. \* | 240702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406786 |
| PetMed Express, Inc. | &nbsp;&nbsp;45075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960999 |
| Porch Group, Inc. \* | 179660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244338 |
| Poshmark, Inc., Class A \* | 103064 | &nbsp;&nbsp;&nbsp;&nbsp;1840723 |
| Quotient Technology, Inc. \* | 201688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496152 |
| Qurate Retail, Inc., Class A | 786073 | &nbsp;&nbsp;&nbsp;&nbsp;1839411 |
| Rent the Runway, Inc., Class A *\*(a)* | 103424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201677 |
| Rent-A-Center, Inc. | 118874 | &nbsp;&nbsp;&nbsp;&nbsp;2478523 |
| Revolve Group, Inc. \* | &nbsp;&nbsp;91082 | &nbsp;&nbsp;&nbsp;&nbsp;2185968 |
| RumbleON, Inc., Class B \* | &nbsp;&nbsp;22694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371501 |
| Sally Beauty Holdings, Inc. \* | 239717 | &nbsp;&nbsp;&nbsp;&nbsp;3046803 |
| Shoe Carnival, Inc. | &nbsp;&nbsp;38643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926659 |
| Signet Jewelers Ltd. | 102477 | &nbsp;&nbsp;&nbsp;&nbsp;6685599 |
| Sleep Number Corp. \* | &nbsp;&nbsp;47830 | &nbsp;&nbsp;&nbsp;&nbsp;1326804 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp;44668 | &nbsp;&nbsp;&nbsp;&nbsp;2088229 |
| Sportsman's Warehouse Holdings, Inc. \* | &nbsp;&nbsp;97100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871958 |
| Stitch Fix, Inc., Class A \* | 180462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721848 |
| The Aaron's Co., Inc. | &nbsp;&nbsp;67891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707424 |
| The Buckle, Inc. | &nbsp;&nbsp;67749 | &nbsp;&nbsp;&nbsp;&nbsp;2664568 |
| The Cato Corp., Class A | &nbsp;&nbsp;40280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479735 |
| The Children's Place, Inc. \* | &nbsp;&nbsp;28651 | &nbsp;&nbsp;&nbsp;&nbsp;1159792 |
| The Container Store Group, Inc. \* | &nbsp;&nbsp;72643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394451 |
| The ODP Corp. \* | &nbsp;&nbsp;95106 | &nbsp;&nbsp;&nbsp;&nbsp;3763344 |
| The RealReal, Inc. \* | 189657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320520 |
| ThredUp, Inc., Class A \* | 127326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156611 |
| Tile Shop Holdings, Inc. | &nbsp;&nbsp;79998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315192 |
| Tilly's, Inc., Class A | &nbsp;&nbsp;50699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449193 |
| Torrid Holdings, Inc. *\*(a)* | &nbsp;&nbsp;32709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161255 |
| TravelCenters of America, Inc. \* | &nbsp;&nbsp;28167 | &nbsp;&nbsp;&nbsp;&nbsp;1790858 |
| Urban Outfitters, Inc. \* | 142943 | &nbsp;&nbsp;&nbsp;&nbsp;3410620 |
| Vivid Seats, Inc., Class A \* | &nbsp;&nbsp;58160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476912 |
| Volta, Inc. *\*(a)* | 267275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296675 |
| Warby Parker, Inc., Class A *\*(a)* | 186790 | &nbsp;&nbsp;&nbsp;&nbsp;2997980 |
| Weyco Group, Inc. | &nbsp;&nbsp;12962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334808 |
| Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6321 | &nbsp;&nbsp;&nbsp;&nbsp;1590616 |
| Xometry, Inc., Class A \* | &nbsp;&nbsp;75616 | &nbsp;&nbsp;&nbsp;&nbsp;4541497 |
| Zumiez, Inc. \* | &nbsp;&nbsp;35029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785700 |
|  |  | **155363425** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** |
| ACM Research, Inc., Class A \* | 107990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691136 |
| Alpha & Omega Semiconductor Ltd. \* | &nbsp;&nbsp;49196 | &nbsp;&nbsp;&nbsp;&nbsp;1611169 |
| Ambarella, Inc. \* | &nbsp;&nbsp;81505 | &nbsp;&nbsp;&nbsp;&nbsp;4460769 |
| Amkor Technology, Inc. | 227021 | &nbsp;&nbsp;&nbsp;&nbsp;4719767 |
| Atomera, Inc. *\*(a)* | &nbsp;&nbsp;46490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418875 |
| Axcelis Technologies, Inc. \* | &nbsp;&nbsp;73100 | &nbsp;&nbsp;&nbsp;&nbsp;4239800 |
| AXT, Inc. \* | &nbsp;&nbsp;89727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407361 |
| CEVA, Inc. \* | &nbsp;&nbsp;51140 | &nbsp;&nbsp;&nbsp;&nbsp;1414532 |
| Cohu, Inc. \* | 107454 | &nbsp;&nbsp;&nbsp;&nbsp;3537386 |

---

<sub>69</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Credo Technology Group Holding Ltd. *\*(a)* | 216031 | &nbsp;&nbsp;&nbsp;&nbsp;2968266 |
| CyberOptics Corp. \* | &nbsp;&nbsp;16148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871507 |
| Diodes, Inc. \* | &nbsp;&nbsp;99589 | &nbsp;&nbsp;&nbsp;&nbsp;7137544 |
| FormFactor, Inc. \* | 172514 | &nbsp;&nbsp;&nbsp;&nbsp;3486508 |
| Ichor Holdings Ltd. \* | &nbsp;&nbsp;62777 | &nbsp;&nbsp;&nbsp;&nbsp;1597047 |
| Impinj, Inc. \* | &nbsp;&nbsp;47028 | &nbsp;&nbsp;&nbsp;&nbsp;5390820 |
| indie Semiconductor, Inc., Class A *\*(a)* | 229042 | &nbsp;&nbsp;&nbsp;&nbsp;1791108 |
| Kulicke & Soffa Industries, Inc. | 127714 | &nbsp;&nbsp;&nbsp;&nbsp;5356325 |
| MACOM Technology Solutions Holdings, Inc. \* | 113092 | &nbsp;&nbsp;&nbsp;&nbsp;6544634 |
| MaxLinear, Inc. \* | 162746 | &nbsp;&nbsp;&nbsp;&nbsp;5025596 |
| Onto Innovation, Inc. \* | 110924 | &nbsp;&nbsp;&nbsp;&nbsp;7414160 |
| PDF Solutions, Inc. \* | &nbsp;&nbsp;66785 | &nbsp;&nbsp;&nbsp;&nbsp;1574790 |
| Photronics, Inc. \* | 134287 | &nbsp;&nbsp;&nbsp;&nbsp;2178135 |
| Power Integrations, Inc. | 126903 | &nbsp;&nbsp;&nbsp;&nbsp;8465699 |
| Rambus, Inc. \* | 245233 | &nbsp;&nbsp;&nbsp;&nbsp;7396227 |
| Rigetti Computing, Inc., Class A \* | &nbsp;&nbsp;78046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163897 |
| Rockley Photonics Holdings Ltd. *\*(a)* | 220930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112696 |
| Semtech Corp. \* | 141625 | &nbsp;&nbsp;&nbsp;&nbsp;3921596 |
| Silicon Laboratories, Inc. \* | &nbsp;&nbsp;75992 | &nbsp;&nbsp;&nbsp;&nbsp;8733001 |
| SiTime Corp. \* | &nbsp;&nbsp;36259 | &nbsp;&nbsp;&nbsp;&nbsp;3256421 |
| SkyWater Technology, Inc. *\*(a)* | &nbsp;&nbsp;23597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191372 |
| SMART Global Holdings, Inc. \* | 109613 | &nbsp;&nbsp;&nbsp;&nbsp;1483064 |
| Synaptics, Inc. \* | &nbsp;&nbsp;88763 | &nbsp;&nbsp;&nbsp;&nbsp;7864402 |
| Transphorm, Inc. \* | &nbsp;&nbsp;50138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345952 |
| Ultra Clean Holdings, Inc. \* | 101045 | &nbsp;&nbsp;&nbsp;&nbsp;3143510 |
| Veeco Instruments, Inc. \* | 113713 | &nbsp;&nbsp;&nbsp;&nbsp;2072988 |
|  |  | **119988060** |
| &nbsp;&nbsp;**Software & Services 6.8%** | &nbsp;&nbsp;**Software & Services 6.8%** | &nbsp;&nbsp;**Software & Services 6.8%** |
| 8x8, Inc. \* | 267316 | &nbsp;&nbsp;&nbsp;&nbsp;1130747 |
| A10 Networks, Inc. | 147844 | &nbsp;&nbsp;&nbsp;&nbsp;2483779 |
| ACI Worldwide, Inc. \* | 256301 | &nbsp;&nbsp;&nbsp;&nbsp;6235803 |
| Adeia, Inc. | 233914 | &nbsp;&nbsp;&nbsp;&nbsp;2615159 |
| Agilysys, Inc. \* | &nbsp;&nbsp;44345 | &nbsp;&nbsp;&nbsp;&nbsp;2845619 |
| Alarm.com Holdings, Inc. \* | 107632 | &nbsp;&nbsp;&nbsp;&nbsp;6333067 |
| Alkami Technology, Inc. \* | &nbsp;&nbsp;79929 | &nbsp;&nbsp;&nbsp;&nbsp;1266875 |
| Altair Engineering, Inc., Class A \* | 116315 | &nbsp;&nbsp;&nbsp;&nbsp;5705251 |
| American Software, Inc., Class A | &nbsp;&nbsp;79967 | &nbsp;&nbsp;&nbsp;&nbsp;1369835 |
| Amplitude, Inc., Class A \* | 124761 | &nbsp;&nbsp;&nbsp;&nbsp;2095985 |
| Appfolio, Inc., Class A \* | &nbsp;&nbsp;42632 | &nbsp;&nbsp;&nbsp;&nbsp;5344774 |
| Appian Corp. \* | &nbsp;&nbsp;89591 | &nbsp;&nbsp;&nbsp;&nbsp;4373833 |
| Applied Blockchain, Inc. \* | &nbsp;&nbsp;17721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39872 |
| Arteris, Inc. \* | &nbsp;&nbsp;39233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217351 |
| Asana, Inc., Class A \* | 164799 | &nbsp;&nbsp;&nbsp;&nbsp;3394859 |
| Avaya Holdings Corp. *\*(a)* | 193166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305202 |
| AvePoint, Inc. *\*(a)* | 289044 | &nbsp;&nbsp;&nbsp;&nbsp;1263122 |
| AvidXchange Holdings, Inc. \* | 328027 | &nbsp;&nbsp;&nbsp;&nbsp;2985046 |
| Benefitfocus, Inc. \* | &nbsp;&nbsp;56854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400821 |
| BigCommerce Holdings, Inc. \* | 143810 | &nbsp;&nbsp;&nbsp;&nbsp;2137017 |
| Blackbaud, Inc. \* | 103939 | &nbsp;&nbsp;&nbsp;&nbsp;5685463 |
| Blackline, Inc. \* | 123610 | &nbsp;&nbsp;&nbsp;&nbsp;6922160 |
| Blend Labs, Inc., Class A *\*(a)* | 413939 | &nbsp;&nbsp;&nbsp;&nbsp;1038987 |
| Box, Inc., Class A \* | 312925 | &nbsp;&nbsp;&nbsp;&nbsp;9090471 |
| Brightcove, Inc. \* | &nbsp;&nbsp;92920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622564 |
| BTRS Holdings, Inc., Class A \* | 224680 | &nbsp;&nbsp;&nbsp;&nbsp;2120979 |
| C3.ai, Inc., Class A \* | 154299 | &nbsp;&nbsp;&nbsp;&nbsp;2022860 |
| Cantaloupe, Inc. \* | 132760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444746 |
| Cass Information Systems, Inc. | &nbsp;&nbsp;29983 | &nbsp;&nbsp;&nbsp;&nbsp;1282673 |
| Cerberus Cyber Sentinel Corp. *\*(a)* | 100363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347256 |
| Cerence, Inc. \* | &nbsp;&nbsp;88000 | &nbsp;&nbsp;&nbsp;&nbsp;1513600 |
| ChannelAdvisor Corp. \* | &nbsp;&nbsp;63593 | &nbsp;&nbsp;&nbsp;&nbsp;1465183 |
| Cipher Mining, Inc. \* | &nbsp;&nbsp;85850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86709 |
| Cleanspark, Inc. *\*(a)* | 100401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349395 |
| Clear Secure, Inc., Class A \* | 139220 | &nbsp;&nbsp;&nbsp;&nbsp;3761724 |
| CommVault Systems, Inc. \* | &nbsp;&nbsp;99632 | &nbsp;&nbsp;&nbsp;&nbsp;6066592 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Conduent, Inc. \* | 380545 | &nbsp;&nbsp;&nbsp;1567845 |
| Consensus Cloud Solutions, Inc. \* | &nbsp;&nbsp;35660 | &nbsp;&nbsp;&nbsp;2001952 |
| Core Scientific, Inc., Class A *\*(a)* | 601879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120376 |
| Couchbase, Inc. \* | &nbsp;&nbsp;59191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757645 |
| CS Disco, Inc. \* | &nbsp;&nbsp;49790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533749 |
| CSG Systems International, Inc. | &nbsp;&nbsp;70849 | &nbsp;&nbsp;&nbsp;4581805 |
| Cvent Holding Corp. \* | 102255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598192 |
| Cyxtera Technologies, Inc. \* | &nbsp;&nbsp;81237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196594 |
| Digimarc Corp. *\*(a)* | &nbsp;&nbsp;30443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497439 |
| Digital Turbine, Inc. \* | 210113 | &nbsp;&nbsp;&nbsp;3067650 |
| DigitalOcean Holdings, Inc. \* | 156069 | &nbsp;&nbsp;&nbsp;5605998 |
| Domo, Inc., Class B \* | &nbsp;&nbsp;67944 | &nbsp;&nbsp;&nbsp;1200570 |
| Duck Creek Technologies, Inc. \* | 173228 | &nbsp;&nbsp;&nbsp;2068342 |
| E2open Parent Holdings, Inc. \* | 445802 | &nbsp;&nbsp;&nbsp;2599026 |
| Ebix, Inc. | &nbsp;&nbsp;58939 | &nbsp;&nbsp;&nbsp;1166403 |
| Edgio, Inc. \* | 309180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831694 |
| eGain Corp. \* | &nbsp;&nbsp;47745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384347 |
| Enfusion, Inc., Class A \* | &nbsp;&nbsp;58448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828208 |
| EngageSmart, Inc. \* | &nbsp;&nbsp;78359 | &nbsp;&nbsp;&nbsp;1538971 |
| Envestnet, Inc. \* | 123026 | &nbsp;&nbsp;&nbsp;6066412 |
| Everbridge, Inc. \* | &nbsp;&nbsp;88588 | &nbsp;&nbsp;&nbsp;2775462 |
| EverCommerce, Inc. \* | &nbsp;&nbsp;54806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477360 |
| EVERTEC, Inc. | 140021 | &nbsp;&nbsp;&nbsp;5014152 |
| Evo Payments, Inc., Class A \* | 105803 | &nbsp;&nbsp;&nbsp;3564503 |
| ExlService Holdings, Inc. \* | &nbsp;&nbsp;72457 | 13176305 |
| Fastly, Inc., Class A \* | 250096 | &nbsp;&nbsp;&nbsp;2123315 |
| Flywire Corp. \* | 125115 | &nbsp;&nbsp;&nbsp;2746274 |
| ForgeRock, Inc., Class A \* | &nbsp;&nbsp;67539 | &nbsp;&nbsp;&nbsp;1523680 |
| Greenidge Generation Holdings, Inc. *\*(a)* | &nbsp;&nbsp;28120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27338 |
| Grid Dynamics Holdings, Inc. \* | 108394 | &nbsp;&nbsp;&nbsp;1475242 |
| I3 Verticals, Inc., Class A \* | &nbsp;&nbsp;49569 | &nbsp;&nbsp;&nbsp;1078621 |
| IBEX Holdings Ltd. \* | &nbsp;&nbsp;12767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245509 |
| Information Services Group, Inc. | &nbsp;&nbsp;77612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421433 |
| Instructure Holdings, Inc. \* | &nbsp;&nbsp;38624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912299 |
| Intapp, Inc. \* | &nbsp;&nbsp;31497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707423 |
| InterDigital, Inc. | &nbsp;&nbsp;66459 | &nbsp;&nbsp;&nbsp;3314310 |
| International Money Express, Inc. \* | &nbsp;&nbsp;71836 | &nbsp;&nbsp;&nbsp;1941727 |
| IronNet, Inc. \* | 142429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101125 |
| Kaleyra, Inc. \* | &nbsp;&nbsp;64791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55727 |
| KnowBe4, Inc., Class A \* | 162992 | &nbsp;&nbsp;&nbsp;4006343 |
| Latch, Inc. \* | 239507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320939 |
| LivePerson, Inc. \* | 156711 | &nbsp;&nbsp;&nbsp;1656435 |
| LiveRamp Holdings, Inc. \* | 147850 | &nbsp;&nbsp;&nbsp;2714526 |
| LiveVox Holdings, Inc. \* | &nbsp;&nbsp;48844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151905 |
| Marathon Digital Holdings, Inc. *\*(a)* | 248274 | &nbsp;&nbsp;&nbsp;3254872 |
| Marqeta, Inc., Class A \* | 971469 | &nbsp;&nbsp;&nbsp;7655176 |
| Matterport, Inc. *\*(a)* | 496430 | &nbsp;&nbsp;&nbsp;1732541 |
| Maximus, Inc. | 135525 | &nbsp;&nbsp;&nbsp;8357827 |
| MeridianLink, Inc. \* | &nbsp;&nbsp;51401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925218 |
| MicroStrategy, Inc., Class A *\*(a)* | &nbsp;&nbsp;21054 | &nbsp;&nbsp;&nbsp;5632156 |
| Mitek Systems, Inc. \* | &nbsp;&nbsp;94412 | &nbsp;&nbsp;&nbsp;1067800 |
| Model N, Inc. \* | &nbsp;&nbsp;82050 | &nbsp;&nbsp;&nbsp;3117900 |
| Momentive Global, Inc. \* | 292613 | &nbsp;&nbsp;&nbsp;2270677 |
| MoneyGram International, Inc. \* | 210025 | &nbsp;&nbsp;&nbsp;2224165 |
| N-Able, Inc. \* | 153164 | &nbsp;&nbsp;&nbsp;1658766 |
| NextNav, Inc. *\*(a)* | 147440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505719 |
| Olo, Inc., Class A \* | 200871 | &nbsp;&nbsp;&nbsp;1769674 |
| ON24, Inc. \* | &nbsp;&nbsp;92793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755335 |
| OneSpan, Inc. \* | &nbsp;&nbsp;89021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978341 |
| PagerDuty, Inc. \* | 190407 | &nbsp;&nbsp;&nbsp;4748751 |
| Paya Holdings, Inc. \* | 194818 | &nbsp;&nbsp;&nbsp;1566337 |
| Payoneer Global, Inc. \* | 484416 | &nbsp;&nbsp;&nbsp;3754224 |
| Paysafe Ltd. \* | 760977 | &nbsp;&nbsp;&nbsp;1111026 |
| Perficient, Inc. \* | &nbsp;&nbsp;76460 | &nbsp;&nbsp;&nbsp;5120526 |
| PFSweb, Inc. \* | &nbsp;&nbsp;38021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363861 |
| PowerSchool Holdings, Inc., Class A \* | 102071 | &nbsp;&nbsp;&nbsp;2041420 |
| Priority Technology Holdings, Inc. \* | &nbsp;&nbsp;39369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201963 |
| Progress Software Corp. | &nbsp;&nbsp;97838 | &nbsp;&nbsp;&nbsp;4992673 |

---

<sub>70</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| PROS Holdings, Inc. \* | &nbsp;&nbsp;91718 | &nbsp;&nbsp;&nbsp;&nbsp;2288364 |
| Q2 Holdings, Inc. \* | 125028 | &nbsp;&nbsp;&nbsp;&nbsp;3880869 |
| Qualys, Inc. \* | &nbsp;&nbsp;86299 | &nbsp;&nbsp;&nbsp;&nbsp;12302785 |
| Rackspace Technology, Inc. \* | 129419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666508 |
| Rapid7, Inc. \* | 130002 | &nbsp;&nbsp;&nbsp;&nbsp;5885191 |
| Remitly Global, Inc. \* | 220815 | &nbsp;&nbsp;&nbsp;&nbsp;2565870 |
| Repay Holdings Corp. \* | 196576 | &nbsp;&nbsp;&nbsp;&nbsp;1197148 |
| Rimini Street, Inc. \* | 109269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612999 |
| Riot Blockchain, Inc. *\*(a)* | 302850 | &nbsp;&nbsp;&nbsp;&nbsp;2086636 |
| Sabre Corp. \* | 729801 | &nbsp;&nbsp;&nbsp;&nbsp;4240144 |
| Sapiens International Corp. N.V. | &nbsp;&nbsp;68806 | &nbsp;&nbsp;&nbsp;&nbsp;1353414 |
| SecureWorks Corp., Class A \* | &nbsp;&nbsp;22039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180279 |
| ShotSpotter, Inc. \* | &nbsp;&nbsp;20238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769044 |
| SolarWinds Corp. \* | 107816 | &nbsp;&nbsp;&nbsp;&nbsp;1005923 |
| Sprout Social, Inc., Class A \* | 102830 | &nbsp;&nbsp;&nbsp;&nbsp;6203734 |
| SPS Commerce, Inc. \* | &nbsp;&nbsp;81155 | &nbsp;&nbsp;&nbsp;&nbsp;10267731 |
| Squarespace, Inc., Class A \* | &nbsp;&nbsp;70123 | &nbsp;&nbsp;&nbsp;&nbsp;1557432 |
| StoneCo Ltd., Class A \* | 620193 | &nbsp;&nbsp;&nbsp;&nbsp;6512026 |
| Sumo Logic, Inc. \* | 254474 | &nbsp;&nbsp;&nbsp;&nbsp;1961995 |
| Telos Corp. \* | 119878 | &nbsp;&nbsp;&nbsp;&nbsp;1270707 |
| Tenable Holdings, Inc. \* | 245996 | &nbsp;&nbsp;&nbsp;&nbsp;9997277 |
| Terawulf, Inc. \* | &nbsp;&nbsp;46971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53547 |
| The Hackett Group, Inc. | &nbsp;&nbsp;60104 | &nbsp;&nbsp;&nbsp;&nbsp;1312671 |
| TTEC Holdings, Inc. | &nbsp;&nbsp;42068 | &nbsp;&nbsp;&nbsp;&nbsp;1870764 |
| Tucows, Inc., Class A \* | &nbsp;&nbsp;22161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996137 |
| Unisys Corp. \* | 148202 | &nbsp;&nbsp;&nbsp;&nbsp;1259717 |
| Upland Software, Inc. \* | &nbsp;&nbsp;65083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523267 |
| UserTesting, Inc. *\*(a)* | 106364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787094 |
| Varonis Systems, Inc. \* | 243809 | &nbsp;&nbsp;&nbsp;&nbsp;6526767 |
| Verint Systems, Inc. \* | 142388 | &nbsp;&nbsp;&nbsp;&nbsp;5044807 |
| Veritone, Inc. *\*(a)* | &nbsp;&nbsp;68701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509074 |
| Verra Mobility Corp. \* | 320644 | &nbsp;&nbsp;&nbsp;&nbsp;5473393 |
| Viant Technology, Inc., Class A \* | &nbsp;&nbsp;30775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140334 |
| Weave Communications, Inc. \* | &nbsp;&nbsp;68795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378372 |
| WM Technology, Inc. \* | 157675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323234 |
| Workiva, Inc. \* | 106694 | &nbsp;&nbsp;&nbsp;&nbsp;8301860 |
| Xperi, Inc. \* | &nbsp;&nbsp;92751 | &nbsp;&nbsp;&nbsp;&nbsp;1295729 |
| Yext, Inc. \* | 253881 | &nbsp;&nbsp;&nbsp;&nbsp;1350647 |
| Zeta Global Holdings Corp., Class A \* | 245316 | &nbsp;&nbsp;&nbsp;&nbsp;2045935 |
| Zuora, Inc., Class A \* | 272286 | &nbsp;&nbsp;&nbsp;&nbsp;2093879 |
|  |  | **365010802** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 3.7%** | &nbsp;&nbsp;**Technology Hardware & Equipment 3.7%** | &nbsp;&nbsp;**Technology Hardware & Equipment 3.7%** |
| 908 Devices, Inc. \* | &nbsp;&nbsp;48682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778425 |
| ADTRAN Holdings, Inc. | 157422 | &nbsp;&nbsp;&nbsp;&nbsp;3535698 |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;84075 | &nbsp;&nbsp;&nbsp;&nbsp;6612499 |
| Aeva Technologies, Inc. \* | 219781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439562 |
| AEye, Inc. \* | &nbsp;&nbsp;58044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50527 |
| Akoustis Technologies, Inc. \* | 114846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382437 |
| Arlo Technologies, Inc. \* | 194173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999991 |
| Aviat Networks, Inc. \* | &nbsp;&nbsp;24862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811993 |
| Avid Technology, Inc. \* | &nbsp;&nbsp;79833 | &nbsp;&nbsp;&nbsp;&nbsp;2194609 |
| Badger Meter, Inc. | &nbsp;&nbsp;65474 | &nbsp;&nbsp;&nbsp;&nbsp;7364516 |
| Belden, Inc. | &nbsp;&nbsp;96630 | &nbsp;&nbsp;&nbsp;&nbsp;6728347 |
| Benchmark Electronics, Inc. | &nbsp;&nbsp;78132 | &nbsp;&nbsp;&nbsp;&nbsp;2218167 |
| Calix, Inc. \* | 127026 | &nbsp;&nbsp;&nbsp;&nbsp;9354195 |
| Cambium Networks Corp. \* | &nbsp;&nbsp;26022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503526 |
| Casa Systems, Inc. \* | &nbsp;&nbsp;77742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244887 |
| Cepton, Inc. *\*(a)* | 104245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229339 |
| Clearfield, Inc. \* | &nbsp;&nbsp;25864 | &nbsp;&nbsp;&nbsp;&nbsp;3141700 |
| CommScope Holding Co., Inc. \* | 458964 | &nbsp;&nbsp;&nbsp;&nbsp;6076683 |
| CompoSecure, Inc. \* | &nbsp;&nbsp;17135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91501 |
| Comtech Telecommunications Corp. | &nbsp;&nbsp;58364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644922 |
| Corsair Gaming, Inc. *\*(a)* | &nbsp;&nbsp;85442 | &nbsp;&nbsp;&nbsp;&nbsp;1179100 |
| CTS Corp. | &nbsp;&nbsp;70938 | &nbsp;&nbsp;&nbsp;&nbsp;2803470 |
| Diebold Nixdorf, Inc. \* | 165357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411739 |
| Digi International, Inc. \* | &nbsp;&nbsp;76460 | &nbsp;&nbsp;&nbsp;&nbsp;3083632 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| DZS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;39398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626034 |
| Eastman Kodak Co. \* | &nbsp;&nbsp;&nbsp;128955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689909 |
| ePlus, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;59367 | &nbsp;&nbsp;&nbsp;&nbsp;2892360 |
| Evolv Technologies Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;184944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541886 |
| Extreme Networks, Inc. \* | &nbsp;&nbsp;&nbsp;282565 | &nbsp;&nbsp;&nbsp;&nbsp;5069216 |
| Fabrinet \* | &nbsp;&nbsp;&nbsp;&nbsp;82638 | &nbsp;&nbsp;&nbsp;&nbsp;9453787 |
| FARO Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41158 | &nbsp;&nbsp;&nbsp;&nbsp;1202225 |
| Focus Universal, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408381 |
| Harmonic, Inc. \* | &nbsp;&nbsp;&nbsp;205968 | &nbsp;&nbsp;&nbsp;&nbsp;3182206 |
| Identiv, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600982 |
| Infinera Corp. \* | &nbsp;&nbsp;&nbsp;422330 | &nbsp;&nbsp;&nbsp;&nbsp;2369271 |
| Inseego Corp. \* | &nbsp;&nbsp;&nbsp;189191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427572 |
| Insight Enterprises, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;70268 | &nbsp;&nbsp;&nbsp;&nbsp;6641029 |
| IonQ, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;264628 | &nbsp;&nbsp;&nbsp;&nbsp;1558659 |
| Itron, Inc. \* | &nbsp;&nbsp;&nbsp;100962 | &nbsp;&nbsp;&nbsp;&nbsp;4936032 |
| Kimball Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;53582 | &nbsp;&nbsp;&nbsp;&nbsp;1107540 |
| Knowles Corp. \* | &nbsp;&nbsp;&nbsp;200752 | &nbsp;&nbsp;&nbsp;&nbsp;2760340 |
| Lightwave Logic, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;250107 | &nbsp;&nbsp;&nbsp;&nbsp;2118406 |
| Methode Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81126 | &nbsp;&nbsp;&nbsp;&nbsp;3344825 |
| MicroVision, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;371467 | &nbsp;&nbsp;&nbsp;&nbsp;1359569 |
| Mirion Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;306794 | &nbsp;&nbsp;&nbsp;&nbsp;2478896 |
| Napco Security Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;65567 | &nbsp;&nbsp;&nbsp;&nbsp;1863414 |
| NETGEAR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;63126 | &nbsp;&nbsp;&nbsp;&nbsp;1240426 |
| NetScout Systems, Inc. \* | &nbsp;&nbsp;&nbsp;152898 | &nbsp;&nbsp;&nbsp;&nbsp;5492096 |
| nLight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;99571 | &nbsp;&nbsp;&nbsp;&nbsp;1072380 |
| Novanta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;79495 | &nbsp;&nbsp;&nbsp;&nbsp;11240593 |
| Ondas Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;78825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315300 |
| OSI Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36267 | &nbsp;&nbsp;&nbsp;&nbsp;2980422 |
| Ouster, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;318070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397587 |
| PAR Technology Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;59101 | &nbsp;&nbsp;&nbsp;&nbsp;1700927 |
| PC Connection, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25087 | &nbsp;&nbsp;&nbsp;&nbsp;1333123 |
| Plexus Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;61436 | &nbsp;&nbsp;&nbsp;&nbsp;6045302 |
| Ribbon Communications, Inc. \* | &nbsp;&nbsp;&nbsp;164941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437094 |
| Rogers Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;41985 | &nbsp;&nbsp;&nbsp;&nbsp;9880330 |
| Sanmina Corp. \* | &nbsp;&nbsp;&nbsp;127600 | &nbsp;&nbsp;&nbsp;&nbsp;7151980 |
| ScanSource, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;56225 | &nbsp;&nbsp;&nbsp;&nbsp;1741850 |
| SmartRent, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;271430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746432 |
| Super Micro Computer, Inc. \* | &nbsp;&nbsp;&nbsp;101608 | &nbsp;&nbsp;&nbsp;&nbsp;7070901 |
| TTM Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;226729 | &nbsp;&nbsp;&nbsp;&nbsp;3471221 |
| Turtle Beach Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;34654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270301 |
| Velodyne Lidar, Inc. \* | &nbsp;&nbsp;&nbsp;438918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433432 |
| Viavi Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;509283 | &nbsp;&nbsp;&nbsp;&nbsp;7690173 |
| Vishay Intertechnology, Inc. | &nbsp;&nbsp;&nbsp;295864 | &nbsp;&nbsp;&nbsp;&nbsp;6186516 |
| Vishay Precision Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940714 |
| Xerox Holdings Corp. | &nbsp;&nbsp;&nbsp;255904 | &nbsp;&nbsp;&nbsp;&nbsp;3743876 |
|  |  | **197096980** |
| &nbsp;&nbsp;**Telecommunication Services 0.8%** | &nbsp;&nbsp;**Telecommunication Services 0.8%** | &nbsp;&nbsp;**Telecommunication Services 0.8%** |
| Anterix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41017 | &nbsp;&nbsp;&nbsp;&nbsp;1573002 |
| ATN International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24697 | &nbsp;&nbsp;&nbsp;&nbsp;1064935 |
| Bandwidth, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;51924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616338 |
| Charge Enterprises, Inc. \* | &nbsp;&nbsp;&nbsp;293814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652267 |
| Cogent Communications Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96293 | &nbsp;&nbsp;&nbsp;&nbsp;5056345 |
| Consolidated Communications Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;165922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857817 |
| EchoStar Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;74939 | &nbsp;&nbsp;&nbsp;&nbsp;1414099 |
| Globalstar, Inc. \* | 1530904 | &nbsp;&nbsp;&nbsp;&nbsp;3322062 |
| Gogo, Inc. \* | &nbsp;&nbsp;&nbsp;111989 | &nbsp;&nbsp;&nbsp;&nbsp;1592484 |
| IDT Corp., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;32996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859876 |
| Iridium Communications, Inc. \* | &nbsp;&nbsp;&nbsp;285036 | &nbsp;&nbsp;&nbsp;&nbsp;14687905 |
| KORE Group Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;77119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235984 |
| Liberty Latin America Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;85207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662910 |
| Liberty Latin America Ltd., Class C \* | &nbsp;&nbsp;&nbsp;334133 | &nbsp;&nbsp;&nbsp;&nbsp;2602896 |
| Ooma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834725 |
| Radius Global Infrastructure, Inc., Class A \* | &nbsp;&nbsp;&nbsp;170961 | &nbsp;&nbsp;&nbsp;&nbsp;1598485 |
| Shenandoah Telecommunications Co. | &nbsp;&nbsp;&nbsp;108411 | &nbsp;&nbsp;&nbsp;&nbsp;2456593 |

---

<sub>71</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Starry Group Holdings, Inc., Class A \* | &nbsp;&nbsp;52270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11552 |
| Telephone & Data Systems, Inc. | 225653 | &nbsp;&nbsp;&nbsp;&nbsp;3836101 |
| United States Cellular Corp. \* | &nbsp;&nbsp;33384 | &nbsp;&nbsp;&nbsp;&nbsp;1040579 |
|  |  | **44976955** |
| &nbsp;&nbsp;**Transportation 1.5%** | &nbsp;&nbsp;**Transportation 1.5%** | &nbsp;&nbsp;**Transportation 1.5%** |
| Air Transport Services Group, Inc. \* | 132136 | &nbsp;&nbsp;&nbsp;&nbsp;3858371 |
| Allegiant Travel Co. \* | &nbsp;&nbsp;34550 | &nbsp;&nbsp;&nbsp;&nbsp;2592978 |
| ArcBest Corp. | &nbsp;&nbsp;54697 | &nbsp;&nbsp;&nbsp;&nbsp;4344583 |
| Atlas Air Worldwide Holdings, Inc. \* | &nbsp;&nbsp;62664 | &nbsp;&nbsp;&nbsp;&nbsp;6337837 |
| Bird Global, Inc., Class A \* | 376646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163540 |
| Blade Air Mobility, Inc. \* | 126759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570416 |
| Costamare, Inc. | 118380 | &nbsp;&nbsp;&nbsp;&nbsp;1117507 |
| Covenant Logistics Group, Inc. | &nbsp;&nbsp;22789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862336 |
| Daseke, Inc. \* | &nbsp;&nbsp;91961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548088 |
| Eagle Bulk Shipping, Inc. | &nbsp;&nbsp;30048 | &nbsp;&nbsp;&nbsp;&nbsp;1453722 |
| Eneti, Inc. | &nbsp;&nbsp;52253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429520 |
| Forward Air Corp. | &nbsp;&nbsp;60138 | &nbsp;&nbsp;&nbsp;&nbsp;6366810 |
| Frontier Group Holdings, Inc. \* | &nbsp;&nbsp;83994 | &nbsp;&nbsp;&nbsp;&nbsp;1101161 |
| Genco Shipping & Trading Ltd. | &nbsp;&nbsp;82211 | &nbsp;&nbsp;&nbsp;&nbsp;1101627 |
| Golden Ocean Group Ltd. *(a)* | 275228 | &nbsp;&nbsp;&nbsp;&nbsp;2292649 |
| Hawaiian Holdings, Inc. \* | 113438 | &nbsp;&nbsp;&nbsp;&nbsp;1636910 |
| Heartland Express, Inc. | 104624 | &nbsp;&nbsp;&nbsp;&nbsp;1556805 |
| Hub Group, Inc., Class A \* | &nbsp;&nbsp;75179 | &nbsp;&nbsp;&nbsp;&nbsp;5833890 |
| Joby Aviation, Inc. *\*(a)* | 562759 | &nbsp;&nbsp;&nbsp;&nbsp;2712498 |
| Marten Transport Ltd. | 130534 | &nbsp;&nbsp;&nbsp;&nbsp;2450123 |
| Matson, Inc. | &nbsp;&nbsp;86260 | &nbsp;&nbsp;&nbsp;&nbsp;6347011 |
| P.A.M. Transportation Services, Inc. \* | &nbsp;&nbsp;14960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416636 |
| Radiant Logistics, Inc. \* | &nbsp;&nbsp;85915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521504 |
| Safe Bulkers, Inc. | 160788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406794 |
| Saia, Inc. \* | &nbsp;&nbsp;59436 | &nbsp;&nbsp;11819443 |
| SkyWest, Inc. \* | 111558 | &nbsp;&nbsp;&nbsp;&nbsp;1972345 |
| Spirit Airlines, Inc. | 243925 | &nbsp;&nbsp;&nbsp;&nbsp;5366350 |
| Sun Country Airlines Holdings, Inc. \* | &nbsp;&nbsp;73878 | &nbsp;&nbsp;&nbsp;&nbsp;1202734 |
| TuSimple Holdings, Inc., Class A *\*(a)* | 313729 | &nbsp;&nbsp;&nbsp;&nbsp;1076090 |
| Universal Logistics Holdings, Inc. | &nbsp;&nbsp;16038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513216 |
| Werner Enterprises, Inc. | 141714 | &nbsp;&nbsp;&nbsp;&nbsp;5555189 |
| Wheels Up Experience, Inc. \* | 362352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641363 |
|  |  | **83170046** |
| &nbsp;&nbsp;**Utilities 3.3%** | &nbsp;&nbsp;**Utilities 3.3%** | &nbsp;&nbsp;**Utilities 3.3%** |
| ALLETE, Inc. | 128276 | &nbsp;&nbsp;&nbsp;&nbsp;7218090 |
| Altus Power, Inc. \* | &nbsp;&nbsp;94241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938640 |
| American States Water Co. | &nbsp;&nbsp;82650 | &nbsp;&nbsp;&nbsp;&nbsp;7476519 |
| Artesian Resources Corp., Class A | &nbsp;&nbsp;18378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960802 |
| Avista Corp. | 162167 | &nbsp;&nbsp;&nbsp;&nbsp;6653712 |
| Black Hills Corp. | 145505 | &nbsp;&nbsp;&nbsp;&nbsp;9511662 |
| Brookfield Infrastructure Corp., Class A | 219163 | &nbsp;&nbsp;&nbsp;&nbsp;9450309 |
| California Water Service Group | 121490 | &nbsp;&nbsp;&nbsp;&nbsp;7539669 |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;38963 | &nbsp;&nbsp;&nbsp;&nbsp;4846218 |
| Clearway Energy, Inc., Class A | &nbsp;&nbsp;77766 | &nbsp;&nbsp;&nbsp;&nbsp;2514175 |
| Clearway Energy, Inc., Class C | 183631 | &nbsp;&nbsp;&nbsp;&nbsp;6379341 |
| Global Water Resources, Inc. | &nbsp;&nbsp;30428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388261 |
| MGE Energy, Inc. | &nbsp;&nbsp;81473 | &nbsp;&nbsp;&nbsp;&nbsp;5547497 |
| Middlesex Water Co. | &nbsp;&nbsp;38881 | &nbsp;&nbsp;&nbsp;&nbsp;3478683 |
| Montauk Renewables, Inc. \* | 144288 | &nbsp;&nbsp;&nbsp;&nbsp;2159991 |
| New Jersey Resources Corp. | 215432 | &nbsp;&nbsp;&nbsp;&nbsp;9616884 |
| Northwest Natural Holding Co. | &nbsp;&nbsp;77586 | &nbsp;&nbsp;&nbsp;&nbsp;3731111 |
| NorthWestern Corp. | 126199 | &nbsp;&nbsp;&nbsp;&nbsp;6667093 |
| ONE Gas, Inc. | 120339 | &nbsp;&nbsp;&nbsp;&nbsp;9323866 |
| Ormat Technologies, Inc. | 101482 | &nbsp;&nbsp;&nbsp;&nbsp;9179047 |
| Otter Tail Corp. | &nbsp;&nbsp;92044 | &nbsp;&nbsp;&nbsp;&nbsp;6205606 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| PNM Resources, Inc. | 191239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8886876 |
| Portland General Electric Co. | 200271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9000179 |
| Pure Cycle Corp. \* | &nbsp;&nbsp;42868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369951 |
| SJW Group | &nbsp;&nbsp;60495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275787 |
| South Jersey Industries, Inc. | 274759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9525895 |
| Southwest Gas Holdings, Inc. | 149937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10955897 |
| Spire, Inc. | 114096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7965042 |
| Sunnova Energy International, Inc. \* | 222160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4118846 |
| The York Water Co. | &nbsp;&nbsp;31594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1376235 |
| Unitil Corp. | &nbsp;&nbsp;35473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1869782 |
| Via Renewables, Inc. | &nbsp;&nbsp;27362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191260 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**178322926** |
| **Total Common Stocks<br> (Cost $4,285,532,226)** | **Total Common Stocks<br> (Cost $4,285,532,226)** | **5358340409** |
| **RIGHTS 0.0% OF NET ASSETS** | **RIGHTS 0.0% OF NET ASSETS** | **RIGHTS 0.0% OF NET ASSETS** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 0.0%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 0.0%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 0.0%** |
| Aduro Biotech, Inc. CVR *\*(b)* | &nbsp;&nbsp;27867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49949 |
| Oncternal Therapeutics, Inc. CVR *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1213 |
| Tobira Therapeutics, Inc. CVR *\*(b)* | &nbsp;&nbsp;14029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167575 |
| Zogenix, Inc. CVR *\*(b)* | 124832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**303623** |
| **Total Rights<br> (Cost $86,941)** | **Total Rights<br> (Cost $86,941)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**303623** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS 2.3% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 2.3% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 2.3% OF NET ASSETS** |
| &nbsp;&nbsp;**Money Market Funds 2.3%** | &nbsp;&nbsp;**Money Market Funds 2.3%** | &nbsp;&nbsp;**Money Market Funds 2.3%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)(d)* | 125060461 | &nbsp;&nbsp;&nbsp;&nbsp;**125060461** |
| **Total Short-Term Investments<br> (Cost $125,060,461)** | **Total Short-Term Investments<br> (Cost $125,060,461)** | &nbsp;&nbsp;&nbsp;**125060461** |
| **Total Investments in Securities<br> (Cost $4,410,679,628)** | **Total Investments in Securities<br> (Cost $4,410,679,628)** | **5483704493** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| Russell 2000 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12322450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**276685** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $119,230,437.

*(b)* Fair-valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information).

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

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

CVR — Contingent Value Rights <br> REIT — Real Estate Investment Trust

<sub>72</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$5135228646 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$5135228646 |
| &nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223111763 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223111763 |
| Rights <sup>1</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pharmaceuticals, Biotechnology & Life Sciences | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;303623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303623 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125060461 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125060461 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276685 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276685 |
| **Total** | **$5483677555** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$303623** | &nbsp;&nbsp;&nbsp;**$5483981178** |

---

\* Level 3 amount shown includes securities determined to have no value at October 31, 2022.

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

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.

<sub>73</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated (cost $4,410,679,628) including securities on loan of $119,230,437 |  | &nbsp;&nbsp;$5483704493 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16883257 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962500 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6691790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610370 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41683 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on future contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10253 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign tax reclaims | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**5511532120** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125060461 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13158404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments bought |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161725 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;**139802927** |
| **Net assets** |  | **$5371729193** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;$4549585969 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822143224 |
| **Net assets** |  | **$5371729193** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $5371729193 |  | 179817041 |  | $29.87 |

---

<sub>74</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $104,449) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69425348 |
| Interest received from securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138495 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5109502 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**74673345** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2306027 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265829 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2571856** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72101489** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(133054315) |
| Net realized gains on sales of in-kind redemptions - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121547069 |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5981747) |
| **Net realized losses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(17488993)** |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(1287117071) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(179482) |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(1287296553)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(1304785546)** |
| **Decrease in net assets resulting from operations** |  | **($1232684057)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

<sub>75</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Small-Cap Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$72101489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$58753702 |
| Net realized gains (losses) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17488993) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428156754 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(1287296553) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1575126021 |
| **Increase (decrease) in net assets resulting from operations** |  | **($1232684057)** | &nbsp;&nbsp;&nbsp;**$2062036477** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;**($531629821)** | &nbsp;&nbsp;&nbsp;&nbsp;**($129889789)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;45597167 | &nbsp;&nbsp;&nbsp;&nbsp;$1444544971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42300482 | &nbsp;&nbsp;&nbsp;&nbsp;$1579406837 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;12345025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436396621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3127037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106319237 |
| Shares redeemed | + | &nbsp;&nbsp;(42926031) | &nbsp;&nbsp;&nbsp;&nbsp;(1331894500) | &nbsp;&nbsp;&nbsp;&nbsp;(27339753) | &nbsp;&nbsp;&nbsp;&nbsp;(1019048338) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;**15016161** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$549047092** | &nbsp;&nbsp;&nbsp;&nbsp;**18087766** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$666677736** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;164800880 | &nbsp;&nbsp;&nbsp;&nbsp;$6586995979 | &nbsp;&nbsp;&nbsp;&nbsp;146713114 | &nbsp;&nbsp;&nbsp;&nbsp;$3988171555 |
| Total increase (decrease) | + | &nbsp;&nbsp;&nbsp;15016161 | &nbsp;&nbsp;&nbsp;&nbsp;(1215266786) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18087766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2598824424 |
| **End of period** |  | **179817041** | &nbsp;&nbsp;&nbsp;**$5371729193** | &nbsp;&nbsp;&nbsp;**164800880** | &nbsp;&nbsp;&nbsp;**$6586995979** |

---

<sub>76</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/17– <br> 10/31/18 |
| **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;&nbsp;&nbsp;$81.64 | &nbsp;&nbsp;&nbsp;&nbsp;$57.62 | &nbsp;&nbsp;&nbsp;&nbsp;$53.42 | &nbsp;&nbsp;&nbsp;&nbsp;$48.38 | &nbsp;&nbsp;$46.25 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;(14.67) | &nbsp;&nbsp;&nbsp;&nbsp;24.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.18 | &nbsp;&nbsp;&nbsp;&nbsp;2.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13.62) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00 |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.96) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.94) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.90) | &nbsp;&nbsp;&nbsp;&nbsp;(0.76) |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.24) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;(0.11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.87) |
| Net asset value at end of period | &nbsp;&nbsp;&nbsp;&nbsp;$66.82 | &nbsp;&nbsp;&nbsp;&nbsp;$81.64 | &nbsp;&nbsp;&nbsp;&nbsp;$57.62 | &nbsp;&nbsp;&nbsp;&nbsp;$53.42 | &nbsp;&nbsp;$48.38 |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp;(16.94%) | &nbsp;&nbsp;&nbsp;&nbsp;44.01% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.94% | &nbsp;&nbsp;&nbsp;&nbsp;13.37% | &nbsp;&nbsp;&nbsp;&nbsp;6.51% |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% <sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% | &nbsp;&nbsp;&nbsp;&nbsp;0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.44% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.37% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.96% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.99% | &nbsp;&nbsp;&nbsp;&nbsp;1.80% |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4% |
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp;$16046 | &nbsp;&nbsp;$18232 | &nbsp;&nbsp;$11487 | &nbsp;&nbsp;$10220 | &nbsp;&nbsp;$8410 |

---

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

<sup>2</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

<sub>77</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 99.6% OF NET ASSETS** | **COMMON STOCKS 99.6% OF NET ASSETS** | **COMMON STOCKS 99.6% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 2.2%** | &nbsp;&nbsp;**Automobiles & Components 2.2%** | &nbsp;&nbsp;**Automobiles & Components 2.2%** |
| Adient plc \* | &nbsp;&nbsp;&nbsp;&nbsp;39012 | &nbsp;&nbsp;&nbsp;&nbsp;1364640 |
| American Axle & Manufacturing Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;47903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464180 |
| Aptiv plc \* | &nbsp;&nbsp;&nbsp;111983 | &nbsp;&nbsp;&nbsp;&nbsp;10198292 |
| Arcimoto, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;15996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11804 |
| Autoliv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32195 | &nbsp;&nbsp;&nbsp;&nbsp;2586868 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;98811 | &nbsp;&nbsp;&nbsp;&nbsp;3708377 |
| Canoo, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;57247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78428 |
| Cooper-Standard Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80218 |
| Dana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838538 |
| Dorman Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961076 |
| Envirotech Vehicles, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33633 |
| Fisker, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;64146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522790 |
| Ford Motor Co. | 1638269 | &nbsp;&nbsp;&nbsp;&nbsp;21903657 |
| Fox Factory Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;17484 | &nbsp;&nbsp;&nbsp;&nbsp;1535969 |
| Garrett Motion, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146883 |
| General Motors Co. | &nbsp;&nbsp;&nbsp;604895 | &nbsp;&nbsp;&nbsp;&nbsp;23742129 |
| Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;97710 | &nbsp;&nbsp;&nbsp;&nbsp;2588338 |
| Gentherm, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787385 |
| Harley-Davidson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55608 | &nbsp;&nbsp;&nbsp;&nbsp;2391144 |
| Holley, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;22922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91230 |
| Horizon Global Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5061 |
| LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp;10466 | &nbsp;&nbsp;&nbsp;&nbsp;1110547 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24847 | &nbsp;&nbsp;&nbsp;&nbsp;3446527 |
| Lordstown Motors Corp., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;79965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144737 |
| Lucid Group, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;244831 | &nbsp;&nbsp;&nbsp;&nbsp;3498635 |
| Luminar Technologies, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;97181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786194 |
| Modine Manufacturing Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;20348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364636 |
| Motorcar Parts of America, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137142 |
| Mullen Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;208607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99380 |
| NII Holdings, Inc. Escrow *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;28127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16736 |
| Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418429 |
| QuantumScape Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;112565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937667 |
| Rivian Automotive, Inc., Class A \* | &nbsp;&nbsp;&nbsp;225599 | &nbsp;&nbsp;&nbsp;&nbsp;7889197 |
| Solid Power, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;46229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259345 |
| Standard Motor Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295778 |
| Stoneridge, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243240 |
| Strattec Security Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39000 |
| Superior Industries International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47403 |
| Tenneco, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;33485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659655 |
| Tesla, Inc. \* | 1104784 | &nbsp;&nbsp;251382551 |
| The Goodyear Tire & Rubber Co. \* | &nbsp;&nbsp;&nbsp;117250 | &nbsp;&nbsp;&nbsp;&nbsp;1489075 |
| Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22679 | &nbsp;&nbsp;&nbsp;&nbsp;1847658 |
| Visteon Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;11858 | &nbsp;&nbsp;&nbsp;&nbsp;1547113 |
| Winnebago Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798294 |
| Workhorse Group, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;70136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189367 |
| XL Fleet Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;69465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54877 |
| XPEL, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558156 |
|  |  | **352301979** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Banks 4.4%** | &nbsp;&nbsp;**Banks 4.4%** | &nbsp;&nbsp;**Banks 4.4%** |
| 1895 Bancorp of Wisconsin, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51369 |
| 1st Source Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403281 |
| ACNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130846 |
| Affinity Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47535 |
| Amalgamated Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172839 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327849 |
| American National Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157617 |
| Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;26942 | &nbsp;&nbsp;&nbsp;&nbsp;1387782 |
| Ames National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89719 |
| Arrow Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235348 |
| Associated Banc-Corp. | &nbsp;&nbsp;&nbsp;&nbsp;64231 | &nbsp;&nbsp;&nbsp;&nbsp;1564025 |
| Atlantic Union Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30666 | &nbsp;&nbsp;&nbsp;&nbsp;1059204 |
| Axos Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858873 |
| Banc of California, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386492 |
| BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670453 |
| Bank First Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198748 |
| Bank of America Corp. | 2900123 | 104520433 |
| Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16382 | &nbsp;&nbsp;&nbsp;&nbsp;1244213 |
| Bank of Marin Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194940 |
| Bank of South Carolina Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56728 |
| Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;45975 | &nbsp;&nbsp;&nbsp;&nbsp;1976005 |
| Bank7 Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51350 |
| BankFinancial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64838 |
| BankUnited, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32097 | &nbsp;&nbsp;&nbsp;&nbsp;1153887 |
| Bankwell Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72801 |
| Banner Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14087 | &nbsp;&nbsp;&nbsp;&nbsp;1053003 |
| Bar Harbor Bankshares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165295 |
| Baycom Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94246 |
| Bayfirst Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43973 |
| BCB Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138198 |
| Berkshire Hills Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567742 |
| Blue Foundry Bancorp \* | &nbsp;&nbsp;&nbsp;&nbsp;12834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157987 |
| Blue Ridge Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71801 |
| Bogota Financial Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11771 |
| BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12146 | &nbsp;&nbsp;&nbsp;&nbsp;1338368 |
| Bridgewater Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163323 |
| Broadway Financial Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;20059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22667 |
| Brookline Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478019 |
| Business First Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234790 |
| Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232448 |
| C&F Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67872 |
| Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp;75211 | &nbsp;&nbsp;&nbsp;&nbsp;2079584 |
| California BanCorp \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53028 |
| Cambridge Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251163 |
| Camden National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257290 |
| Capital Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71671 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196864 |
| Capitol Federal Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437409 |
| Capstar Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130196 |
| Carter Bankshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175867 |
| Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;30168 | &nbsp;&nbsp;&nbsp;&nbsp;1375661 |
| CB Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44684 |
| Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232102 |
| Central Valley Community Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74363 |
| CF Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19891 |
| Chemung Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40347 |

---

<sub>78</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| ChoiceOne Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54946 |
| Citigroup, Inc. | 803202 | 36834844 |
| Citizens & Northern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141420 |
| Citizens Community Bancorp Inc/WI | &nbsp;&nbsp;&nbsp;&nbsp;3309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41859 |
| Citizens Financial Group, Inc. | 204955 | &nbsp;&nbsp;&nbsp;8382659 |
| Citizens Holdings Co. | &nbsp;&nbsp;&nbsp;&nbsp;2977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44357 |
| City Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp;6012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606310 |
| Civista Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136394 |
| CNB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175906 |
| Coastal Financial Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175338 |
| Codorus Valley Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138264 |
| Colony Bankcorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99360 |
| Columbia Banking System, Inc. | &nbsp;&nbsp;32189 | &nbsp;&nbsp;&nbsp;1077366 |
| Columbia Financial, Inc. \* | &nbsp;&nbsp;14396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295694 |
| Comerica, Inc. | &nbsp;&nbsp;54539 | &nbsp;&nbsp;&nbsp;3844999 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;45214 | &nbsp;&nbsp;&nbsp;3202960 |
| Community Bank System, Inc. | &nbsp;&nbsp;22437 | &nbsp;&nbsp;&nbsp;1400742 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301237 |
| Community West Bancshares | &nbsp;&nbsp;&nbsp;&nbsp;3580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51051 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;14768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369938 |
| CrossFirst Bankshares, Inc. \* | &nbsp;&nbsp;17616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245039 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;26628 | &nbsp;&nbsp;&nbsp;4128671 |
| Cullman Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49571 |
| Customers Bancorp, Inc. \* | &nbsp;&nbsp;12356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416274 |
| CVB Financial Corp. | &nbsp;&nbsp;54047 | &nbsp;&nbsp;&nbsp;1552230 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp;13235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457005 |
| Eagle Bancorp Montana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47774 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp;12882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583297 |
| East West Bancorp, Inc. | &nbsp;&nbsp;58472 | &nbsp;&nbsp;&nbsp;4184841 |
| Eastern Bankshares, Inc. | &nbsp;&nbsp;67979 | &nbsp;&nbsp;&nbsp;1303157 |
| ECB Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69886 |
| Emclaire Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44043 |
| Enact Holdings, Inc. | &nbsp;&nbsp;11655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298834 |
| Enterprise Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137726 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp;14895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796436 |
| Equity Bancshares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226858 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98086 |
| ESSA Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63520 |
| Essent Group Ltd. | &nbsp;&nbsp;45880 | &nbsp;&nbsp;&nbsp;1815930 |
| Evans Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95388 |
| F.N.B. Corp. | 143905 | &nbsp;&nbsp;&nbsp;2079427 |
| Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133923 |
| Farmers National Banc Corp. | &nbsp;&nbsp;12275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168658 |
| FB Financial Corp. | &nbsp;&nbsp;14601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612658 |
| Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;&nbsp;&nbsp;4048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466330 |
| Fidelity D&D Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66641 |
| Fifth Third Bancorp | 284782 | 10163870 |
| Finance Of America Cos., Inc., Class A \* | &nbsp;&nbsp;18960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30526 |
| Financial Institutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146173 |
| Finward Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;1806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57341 |
| Finwise Bancorp \* | &nbsp;&nbsp;&nbsp;&nbsp;4562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41651 |
| First BanCorp | &nbsp;&nbsp;76777 | &nbsp;&nbsp;&nbsp;1212309 |
| First Bancorp/Southern Pines NC | &nbsp;&nbsp;14330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638688 |
| First Bank | &nbsp;&nbsp;&nbsp;&nbsp;6140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96521 |
| First Busey Corp. | &nbsp;&nbsp;21193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559707 |
| First Business Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90377 |
| First Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26324 |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5460 | &nbsp;&nbsp;&nbsp;4488775 |
| First Commonwealth Financial Corp. | &nbsp;&nbsp;37864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542970 |
| First Community Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241650 |
| First Community Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35683 |
| First Financial Bancorp | &nbsp;&nbsp;38797 | &nbsp;&nbsp;&nbsp;1011438 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;53266 | &nbsp;&nbsp;&nbsp;2050208 |
| First Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241238 |
| First Financial Northwest, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43986 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| First Foundation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325760 |
| First Guaranty Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66603 |
| First Hawaiian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52019 | &nbsp;&nbsp;&nbsp;&nbsp;1330646 |
| First Horizon Corp. | &nbsp;&nbsp;&nbsp;222347 | &nbsp;&nbsp;&nbsp;&nbsp;5449725 |
| First Internet Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88245 |
| First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;37438 | &nbsp;&nbsp;&nbsp;&nbsp;1707547 |
| First Merchants Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24619 | &nbsp;&nbsp;&nbsp;&nbsp;1105393 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272120 |
| First National Corp/VA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44036 |
| First Northwest Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51616 |
| First Republic Bank | &nbsp;&nbsp;&nbsp;&nbsp;75926 | &nbsp;&nbsp;&nbsp;&nbsp;9118713 |
| First Savings Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54111 |
| First United Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54046 |
| First Western Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76921 |
| Five Star Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141946 |
| Flagstar Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831624 |
| Flushing Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238528 |
| FNCB Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65687 |
| Franklin Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64760 |
| FS Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91927 |
| Fulton Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;68243 | &nbsp;&nbsp;&nbsp;&nbsp;1244070 |
| FVCBankcorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71791 |
| German American Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426807 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45472 | &nbsp;&nbsp;&nbsp;&nbsp;2604636 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248726 |
| Greene County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106960 |
| Guaranty Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130938 |
| Guild Holdings Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64046 |
| Hancock Whitney Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35128 | &nbsp;&nbsp;&nbsp;&nbsp;1962601 |
| Hanmi Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308345 |
| HarborOne Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286446 |
| Hawthorn Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45549 |
| HBT Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87738 |
| Heartland Financial USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779059 |
| Heritage Commerce Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374460 |
| Heritage Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539680 |
| Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543363 |
| HMN Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51046 |
| Home Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144794 |
| Home BancShares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79073 | &nbsp;&nbsp;&nbsp;&nbsp;2015571 |
| HomeStreet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177566 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152903 |
| Hope Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681418 |
| Horizon Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249653 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp;600572 | &nbsp;&nbsp;&nbsp;&nbsp;9116683 |
| IF Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46476 |
| Independent Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19247 | &nbsp;&nbsp;&nbsp;&nbsp;1674681 |
| Independent Bank Corp., Michigan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218440 |
| Independent Bank Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908496 |
| International Bancshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22040 | &nbsp;&nbsp;&nbsp;&nbsp;1093184 |
| Investar Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71793 |
| John Marshall Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127958 |
| JPMorgan Chase & Co. | 1216596 | 153145104 |
| Kearny Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269744 |
| KeyCorp | &nbsp;&nbsp;&nbsp;387909 | &nbsp;&nbsp;&nbsp;&nbsp;6931934 |
| Lakeland Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482904 |
| Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849394 |
| Landmark Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49078 |
| LCNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83331 |
| Limestone Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61706 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457989 |
| loanDepot, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;37097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66033 |
| Luther Burbank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37751 |
| M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;72804 | &nbsp;&nbsp;&nbsp;12258009 |
| Macatawa Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112590 |
| Magyar Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48307 |
| MainStreet Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83340 |

---

<sub>79</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Malvern Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54883 |
| Mercantile Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5802 | &nbsp;&nbsp;&nbsp;&nbsp;202780 |
| Merchants Bancorp | &nbsp;&nbsp;10145 | &nbsp;&nbsp;&nbsp;&nbsp;242973 |
| Meridian Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59209 |
| Metrocity Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7678 | &nbsp;&nbsp;&nbsp;&nbsp;170835 |
| Metropolitan Bank Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4799 | &nbsp;&nbsp;&nbsp;&nbsp;316734 |
| MGIC Investment Corp. | 126784 | 1730602 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5597 | &nbsp;&nbsp;&nbsp;&nbsp;191305 |
| Middlefield Banc Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52432 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8267 | &nbsp;&nbsp;&nbsp;&nbsp;231807 |
| MidWestOne Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5792 | &nbsp;&nbsp;&nbsp;&nbsp;194611 |
| Mr Cooper Group, Inc. \* | &nbsp;&nbsp;30004 | 1184858 |
| MVB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4605 | &nbsp;&nbsp;&nbsp;&nbsp;114020 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;12545 | &nbsp;&nbsp;&nbsp;&nbsp;549722 |
| National Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91845 |
| NBT Bancorp, Inc. | &nbsp;&nbsp;17646 | &nbsp;&nbsp;&nbsp;&nbsp;836244 |
| New York Community Bancorp, Inc. *(a)* | 196979 | 1833874 |
| Nicolet Bankshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4999 | &nbsp;&nbsp;&nbsp;&nbsp;381374 |
| NMI Holdings, Inc., Class A \* | &nbsp;&nbsp;36089 | &nbsp;&nbsp;&nbsp;&nbsp;791432 |
| Northeast Bank | &nbsp;&nbsp;&nbsp;&nbsp;2194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92367 |
| Northeast Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7802 | &nbsp;&nbsp;&nbsp;&nbsp;102674 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp;18804 | &nbsp;&nbsp;&nbsp;&nbsp;301616 |
| Northrim BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2596 | &nbsp;&nbsp;&nbsp;&nbsp;126503 |
| Northwest Bancshares, Inc. | &nbsp;&nbsp;55216 | &nbsp;&nbsp;&nbsp;&nbsp;831553 |
| Norwood Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86904 |
| Oak Valley Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;3417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67383 |
| OceanFirst Financial Corp. | &nbsp;&nbsp;25110 | &nbsp;&nbsp;&nbsp;&nbsp;566984 |
| Ocwen Financial Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96532 |
| OFG Bancorp | &nbsp;&nbsp;18949 | &nbsp;&nbsp;&nbsp;&nbsp;528298 |
| Ohio Valley Banc Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68640 |
| Old National Bancorp | 122564 | 2397352 |
| Old Point Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23284 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;15202 | &nbsp;&nbsp;&nbsp;&nbsp;243232 |
| OP Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;5203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58586 |
| Orange County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2281 | &nbsp;&nbsp;&nbsp;&nbsp;101117 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;12052 | &nbsp;&nbsp;&nbsp;&nbsp;498109 |
| Orrstown Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4595 | &nbsp;&nbsp;&nbsp;&nbsp;121630 |
| Pacific Premier Bancorp, Inc. | &nbsp;&nbsp;38895 | 1416167 |
| PacWest Bancorp | &nbsp;&nbsp;49961 | 1242030 |
| Park National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5896 | &nbsp;&nbsp;&nbsp;&nbsp;869660 |
| Parke Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97408 |
| Partners Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;5380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50142 |
| Pathfinder Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42859 |
| Pathward Financial, Inc. | &nbsp;&nbsp;11847 | &nbsp;&nbsp;&nbsp;&nbsp;497929 |
| PCB Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;6102 | &nbsp;&nbsp;&nbsp;&nbsp;112887 |
| PCSB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6385 | &nbsp;&nbsp;&nbsp;&nbsp;124444 |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6657 | &nbsp;&nbsp;&nbsp;&nbsp;263417 |
| Penns Woods Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54270 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;12693 | &nbsp;&nbsp;&nbsp;&nbsp;676791 |
| Peoples Bancorp of North Carolina, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53372 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp;12394 | &nbsp;&nbsp;&nbsp;&nbsp;375166 |
| Peoples Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2448 | &nbsp;&nbsp;&nbsp;&nbsp;134616 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;31497 | 2613936 |
| Pioneer Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21249 |
| Plumas Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75038 |
| Ponce Financial Group, Inc. \* | &nbsp;&nbsp;10983 | &nbsp;&nbsp;&nbsp;&nbsp;101483 |
| Popular, Inc. | &nbsp;&nbsp;31665 | 2239349 |
| Preferred Bank | &nbsp;&nbsp;&nbsp;&nbsp;5863 | &nbsp;&nbsp;&nbsp;&nbsp;450689 |
| Premier Financial Corp. | &nbsp;&nbsp;14638 | &nbsp;&nbsp;&nbsp;&nbsp;422306 |
| Primis Financial Corp. | &nbsp;&nbsp;10278 | &nbsp;&nbsp;&nbsp;&nbsp;132483 |
| Professional Holding Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5436 | &nbsp;&nbsp;&nbsp;&nbsp;147153 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;37937 | 2715151 |
| Provident Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74593 |
| Provident Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48621 |
| Provident Financial Services, Inc. | &nbsp;&nbsp;30378 | &nbsp;&nbsp;&nbsp;&nbsp;681075 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| QCR Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361562 |
| Radian Group, Inc. | &nbsp;&nbsp;66032 | &nbsp;&nbsp;&nbsp;1378088 |
| RBB Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;6055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136298 |
| Red River Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112360 |
| Regions Financial Corp. | 386839 | &nbsp;&nbsp;&nbsp;8491116 |
| Renasant Corp. | &nbsp;&nbsp;23632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954024 |
| Republic Bancorp, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175249 |
| Republic First Bancorp, Inc. \* | &nbsp;&nbsp;17184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48631 |
| Richmond Mutual BanCorp., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57046 |
| Riverview Bancorp, Inc. | &nbsp;&nbsp;11437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77085 |
| Rocket Cos., Inc., Class A *(a)* | &nbsp;&nbsp;49082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338666 |
| S&T Bancorp, Inc. | &nbsp;&nbsp;16257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614677 |
| Salisbury Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56954 |
| Sandy Spring Bancorp, Inc. | &nbsp;&nbsp;18400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652096 |
| SB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55292 |
| Seacoast Banking Corp. of Florida | &nbsp;&nbsp;25432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785849 |
| Security National Financial Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41963 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp;20269 | &nbsp;&nbsp;&nbsp;1526864 |
| Shore Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145363 |
| Sierra Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;5854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129081 |
| Signature Bank | &nbsp;&nbsp;25950 | &nbsp;&nbsp;&nbsp;4113853 |
| Silvergate Capital Corp., Class A \* | &nbsp;&nbsp;12843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728969 |
| Simmons First National Corp., Class A | &nbsp;&nbsp;52982 | &nbsp;&nbsp;&nbsp;1264680 |
| SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181200 |
| Sound Financial Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24138 |
| South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177082 |
| Southern First Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132566 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166768 |
| Southern States Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83051 |
| Southside Bancshares, Inc. | &nbsp;&nbsp;12464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426767 |
| SouthState Corp. | &nbsp;&nbsp;31437 | &nbsp;&nbsp;&nbsp;2842848 |
| Stellar Bancorp, Inc. | &nbsp;&nbsp;18265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599823 |
| Sterling Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23843 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;12183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952589 |
| Summit Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99797 |
| Summit State Bank | &nbsp;&nbsp;&nbsp;&nbsp;3172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46977 |
| SVB Financial Group \* | &nbsp;&nbsp;24631 | &nbsp;&nbsp;&nbsp;5688776 |
| Synovus Financial Corp. | &nbsp;&nbsp;60161 | &nbsp;&nbsp;&nbsp;2397416 |
| TC Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63011 |
| Territorial Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90571 |
| Texas Capital Bancshares, Inc. \* | &nbsp;&nbsp;20746 | &nbsp;&nbsp;&nbsp;1244760 |
| TFS Financial Corp. | &nbsp;&nbsp;19389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272415 |
| The Bancorp, Inc. \* | &nbsp;&nbsp;23768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655521 |
| The Bank of Princeton | &nbsp;&nbsp;&nbsp;&nbsp;1590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50403 |
| The Community Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73748 |
| The First BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109649 |
| The First Bancshares, Inc. | &nbsp;&nbsp;10929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357815 |
| The First of Long Island Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168821 |
| The Hingham Institution For Savings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131784 |
| The PNC Financial Services Group, Inc. | 169897 | 27494432 |
| Third Coast Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121968 |
| Timberland Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75027 |
| Tompkins Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397549 |
| Towne Bank | &nbsp;&nbsp;26450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871263 |
| TriCo Bancshares | &nbsp;&nbsp;13554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784912 |
| Triumph Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483842 |
| Truist Financial Corp. | 549878 | 24629036 |
| TrustCo Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283931 |
| Trustmark Corp. | &nbsp;&nbsp;24755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905290 |
| U.S. Bancorp | 560229 | 23781721 |
| UMB Financial Corp. | &nbsp;&nbsp;18114 | &nbsp;&nbsp;&nbsp;1507447 |
| Umpqua Holdings Corp. | &nbsp;&nbsp;88846 | &nbsp;&nbsp;&nbsp;1766258 |
| Union Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52403 |
| United Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50632 |
| United Bankshares, Inc. | &nbsp;&nbsp;56393 | &nbsp;&nbsp;&nbsp;2388244 |

---

<sub>80</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| United Community Banks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44102 | &nbsp;&nbsp;&nbsp;&nbsp;1697927 |
| United Security Bancshares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44710 |
| Unity Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68297 |
| Univest Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378399 |
| USCB Financial Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72817 |
| UWM Holdings Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;36026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118165 |
| Valley National Bancorp | &nbsp;&nbsp;&nbsp;177130 | &nbsp;&nbsp;&nbsp;&nbsp;2102533 |
| Velocity Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82846 |
| Veritex Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699560 |
| Virginia National Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46992 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13263 | &nbsp;&nbsp;&nbsp;&nbsp;1193139 |
| Washington Federal, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26538 | &nbsp;&nbsp;&nbsp;&nbsp;1027021 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357687 |
| Waterstone Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150460 |
| Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;73655 | &nbsp;&nbsp;&nbsp;&nbsp;3996520 |
| Wells Fargo & Co. | 1572378 | &nbsp;&nbsp;&nbsp;&nbsp;72313664 |
| WesBanco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25094 | &nbsp;&nbsp;&nbsp;&nbsp;1014801 |
| West Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141426 |
| Westamerica Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;11038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692414 |
| Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;44480 | &nbsp;&nbsp;&nbsp;&nbsp;2987722 |
| Western New England Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90554 |
| William Penn Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54392 |
| Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25034 | &nbsp;&nbsp;&nbsp;&nbsp;2343683 |
| WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26399 | &nbsp;&nbsp;&nbsp;&nbsp;1229137 |
| Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;62399 | &nbsp;&nbsp;&nbsp;&nbsp;3241004 |
|  |  | **701595443** |
| &nbsp;&nbsp;**Capital Goods 6.4%** | &nbsp;&nbsp;**Capital Goods 6.4%** | &nbsp;&nbsp;**Capital Goods 6.4%** |
| 3D Systems Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;59443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524882 |
| 3M Co. | &nbsp;&nbsp;&nbsp;229964 | &nbsp;&nbsp;&nbsp;&nbsp;28927172 |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;53267 | &nbsp;&nbsp;&nbsp;&nbsp;2917966 |
| AAON, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17415 | &nbsp;&nbsp;&nbsp;&nbsp;1123093 |
| AAR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;13484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597611 |
| Acuity Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13654 | &nbsp;&nbsp;&nbsp;&nbsp;2506465 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26601 | &nbsp;&nbsp;&nbsp;&nbsp;3082524 |
| Advent Technologies Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;18150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41019 |
| AECOM | &nbsp;&nbsp;&nbsp;&nbsp;57945 | &nbsp;&nbsp;&nbsp;&nbsp;4362100 |
| Aerojet Rocketdyne Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32114 | &nbsp;&nbsp;&nbsp;&nbsp;1555923 |
| AeroVironment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966880 |
| AerSale Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156308 |
| AGCO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25551 | &nbsp;&nbsp;&nbsp;&nbsp;3172668 |
| AgEagle Aerial Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18318 |
| Air Lease Corp. | &nbsp;&nbsp;&nbsp;&nbsp;42321 | &nbsp;&nbsp;&nbsp;&nbsp;1493508 |
| Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656073 |
| Albany International Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;12832 | &nbsp;&nbsp;&nbsp;&nbsp;1175668 |
| Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;36500 | &nbsp;&nbsp;&nbsp;&nbsp;3824105 |
| Allied Motion Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176912 |
| Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39446 | &nbsp;&nbsp;&nbsp;&nbsp;1666593 |
| Alpha Pro Tech Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24716 |
| Alta Equipment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146992 |
| Altra Industrial Motion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26548 | &nbsp;&nbsp;&nbsp;&nbsp;1596597 |
| Ameresco, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;13944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843333 |
| American Superconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42181 |
| American Woodmark Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329921 |
| AMETEK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95226 | &nbsp;&nbsp;&nbsp;&nbsp;12347003 |
| API Group Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;82246 | &nbsp;&nbsp;&nbsp;&nbsp;1356237 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399844 |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15780 | &nbsp;&nbsp;&nbsp;&nbsp;1962716 |
| Archer Aviation, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;53649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152900 |
| Arcosa, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19870 | &nbsp;&nbsp;&nbsp;&nbsp;1275654 |
| Argan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225563 |
| Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18985 | &nbsp;&nbsp;&nbsp;&nbsp;1434696 |
| Array Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;57509 | &nbsp;&nbsp;&nbsp;&nbsp;1040913 |
| Astec Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395862 |
| Astronics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88424 |
| Atkore, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17280 | &nbsp;&nbsp;&nbsp;&nbsp;1646784 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Axon Enterprise, Inc. \* | &nbsp;&nbsp;28195 | &nbsp;&nbsp;&nbsp;4100681 |
| AZZ, Inc. | &nbsp;&nbsp;10234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411407 |
| Babcock & Wilcox Enterprises, Inc. \* | &nbsp;&nbsp;30009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136841 |
| Barnes Group, Inc. | &nbsp;&nbsp;20674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731239 |
| Beacon Roofing Supply, Inc. \* | &nbsp;&nbsp;20723 | &nbsp;&nbsp;&nbsp;1167741 |
| Beam Global *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;3328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41766 |
| Berkshire Grey, Inc. \* | &nbsp;&nbsp;16368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21933 |
| BitNile Holdings, Inc. \* | 163474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27872 |
| Blink Charging Co. *\*(a)* | &nbsp;&nbsp;16166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239257 |
| Bloom Energy Corp., Class A \* | &nbsp;&nbsp;72039 | &nbsp;&nbsp;&nbsp;1347850 |
| Blue Bird Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46354 |
| BlueLinx Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271271 |
| Boise Cascade Co. | &nbsp;&nbsp;16397 | &nbsp;&nbsp;&nbsp;1094828 |
| Bowman Consulting Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;3474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53673 |
| Broadwind, Inc. \* | &nbsp;&nbsp;16291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28672 |
| Builders FirstSource, Inc. \* | &nbsp;&nbsp;64441 | &nbsp;&nbsp;&nbsp;3973432 |
| BWX Technologies, Inc. | &nbsp;&nbsp;37907 | &nbsp;&nbsp;&nbsp;2159941 |
| Byrna Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42187 |
| Cadre Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189936 |
| Carlisle Cos., Inc. | &nbsp;&nbsp;21414 | &nbsp;&nbsp;&nbsp;5113663 |
| Carrier Global Corp. | 348744 | 13866061 |
| Caterpillar, Inc. | 219010 | 47406905 |
| ChargePoint Holdings, Inc. *\*(a)* | 106767 | &nbsp;&nbsp;&nbsp;1492603 |
| Chart Industries, Inc. \* | &nbsp;&nbsp;14865 | &nbsp;&nbsp;&nbsp;3313111 |
| CIRCOR International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155562 |
| Columbus McKinnon Corp. | &nbsp;&nbsp;11251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320879 |
| Comfort Systems USA, Inc. | &nbsp;&nbsp;14527 | &nbsp;&nbsp;&nbsp;1790889 |
| Commercial Vehicle Group, Inc. \* | &nbsp;&nbsp;13417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67622 |
| Concrete Pumping Holdings, Inc. \* | &nbsp;&nbsp;13877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88882 |
| Construction Partners, Inc., Class A \* | &nbsp;&nbsp;17169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534643 |
| Core & Main, Inc., Class A \* | &nbsp;&nbsp;29780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702212 |
| Crane Holdings Co. | &nbsp;&nbsp;19757 | &nbsp;&nbsp;&nbsp;1982417 |
| CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830889 |
| Cummins, Inc. | &nbsp;&nbsp;58414 | 14282807 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;15856 | &nbsp;&nbsp;&nbsp;2661112 |
| Custom Truck One Source, Inc. \* | &nbsp;&nbsp;22116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153264 |
| Deere & Co. | 115369 | 45665358 |
| Desktop Metal, Inc., Class A *\*(a)* | 101606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257063 |
| Distribution Solutions Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69786 |
| Donaldson Co., Inc. | &nbsp;&nbsp;51364 | &nbsp;&nbsp;&nbsp;2950862 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295840 |
| Dover Corp. | &nbsp;&nbsp;59700 | &nbsp;&nbsp;&nbsp;7802193 |
| Ducommun, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190492 |
| DXP Enterprises, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194863 |
| Dycom Industries, Inc. \* | &nbsp;&nbsp;12249 | &nbsp;&nbsp;&nbsp;1447587 |
| Eaton Corp. plc | 165239 | 24797417 |
| EMCOR Group, Inc. | &nbsp;&nbsp;20561 | &nbsp;&nbsp;&nbsp;2901157 |
| Emerson Electric Co. | 245236 | 21237438 |
| Encore Wire Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8052 | &nbsp;&nbsp;&nbsp;1107875 |
| Energous Corp. \* | &nbsp;&nbsp;53756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66120 |
| Energy Recovery, Inc. \* | &nbsp;&nbsp;23239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597939 |
| Energy Vault Holdings, Inc. *\*(a)* | &nbsp;&nbsp;23890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76926 |
| Enerpac Tool Group Corp. | &nbsp;&nbsp;25007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635428 |
| EnerSys | &nbsp;&nbsp;16708 | &nbsp;&nbsp;&nbsp;1107573 |
| Enovix Corp. \* | &nbsp;&nbsp;45893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866001 |
| EnPro Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887891 |
| Eos Energy Enterprises, Inc. \* | &nbsp;&nbsp;26736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41441 |
| Esab Corp. | &nbsp;&nbsp;19291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719554 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;10618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;914953 |
| ESS Tech, Inc. *\*(a)* | &nbsp;&nbsp;28078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118770 |
| EVI Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53918 |
| Evoqua Water Technologies Corp. \* | &nbsp;&nbsp;49929 | &nbsp;&nbsp;&nbsp;1956218 |
| Fastenal Co. | 237893 | 11497369 |
| Federal Signal Corp. | &nbsp;&nbsp;25198 | &nbsp;&nbsp;&nbsp;1175487 |
| Flowserve Corp. | &nbsp;&nbsp;54166 | &nbsp;&nbsp;&nbsp;1553481 |
| Fluence Energy, Inc. *\*(a)* | &nbsp;&nbsp;15762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235327 |
| Fluor Corp. \* | &nbsp;&nbsp;59154 | &nbsp;&nbsp;&nbsp;1790000 |
| Fortive Corp. | 147498 | &nbsp;&nbsp;&nbsp;9425122 |

---

<sub>81</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Fortune Brands Home & Security, Inc. | &nbsp;&nbsp;54311 | &nbsp;&nbsp;&nbsp;3276040 |
| Franklin Electric Co., Inc. | &nbsp;&nbsp;15771 | &nbsp;&nbsp;&nbsp;1292276 |
| FTC Solar, Inc. \* | &nbsp;&nbsp;19667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40711 |
| FuelCell Energy, Inc. \* | 162139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505874 |
| Gates Industrial Corp. plc \* | &nbsp;&nbsp;43540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485471 |
| GATX Corp. | &nbsp;&nbsp;15005 | &nbsp;&nbsp;&nbsp;1571174 |
| Gencor Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53143 |
| Generac Holdings, Inc. \* | &nbsp;&nbsp;26566 | &nbsp;&nbsp;&nbsp;3079265 |
| General Dynamics Corp. | &nbsp;&nbsp;93288 | 23303342 |
| General Electric Co. | 455463 | 35439576 |
| Gibraltar Industries, Inc. \* | &nbsp;&nbsp;13337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681254 |
| Global Industrial Co. | &nbsp;&nbsp;&nbsp;&nbsp;6016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190948 |
| GMS, Inc. \* | &nbsp;&nbsp;17591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830295 |
| Graco, Inc. | &nbsp;&nbsp;69925 | &nbsp;&nbsp;&nbsp;4865381 |
| GrafTech International Ltd. | &nbsp;&nbsp;82134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418062 |
| Graham Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56123 |
| Granite Construction, Inc. | &nbsp;&nbsp;18734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631898 |
| Great Lakes Dredge & Dock Corp. \* | &nbsp;&nbsp;25323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191442 |
| Griffon Corp. | &nbsp;&nbsp;19452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625187 |
| H&E Equipment Services, Inc. | &nbsp;&nbsp;13285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501642 |
| Hayward Holdings, Inc. \* | &nbsp;&nbsp;42995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397704 |
| HEICO Corp. | &nbsp;&nbsp;16822 | &nbsp;&nbsp;&nbsp;2735930 |
| HEICO Corp., Class A | &nbsp;&nbsp;28413 | &nbsp;&nbsp;&nbsp;3616975 |
| Heliogen, Inc. \* | &nbsp;&nbsp;38222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68800 |
| Helios Technologies, Inc. | &nbsp;&nbsp;14143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;801767 |
| Herc Holdings, Inc. | &nbsp;&nbsp;10699 | &nbsp;&nbsp;&nbsp;1258309 |
| Hexcel Corp. | &nbsp;&nbsp;35190 | &nbsp;&nbsp;&nbsp;1960083 |
| Hillenbrand, Inc. | &nbsp;&nbsp;29023 | &nbsp;&nbsp;&nbsp;1282236 |
| Hillman Solutions Corp. \* | &nbsp;&nbsp;51861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405034 |
| Honeywell International, Inc. | 279420 | 57007268 |
| Howmet Aerospace, Inc. | 152823 | &nbsp;&nbsp;&nbsp;5432858 |
| Hubbell, Inc. | &nbsp;&nbsp;22282 | &nbsp;&nbsp;&nbsp;5291529 |
| Hudson Technologies, Inc. \* | &nbsp;&nbsp;13002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119748 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;16666 | &nbsp;&nbsp;&nbsp;4284329 |
| Hurco Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74404 |
| Hyliion Holdings Corp. *\*(a)* | &nbsp;&nbsp;59911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170746 |
| Hyster-Yale Materials Handling, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150932 |
| Hyzon Motors, Inc. *\*(a)* | &nbsp;&nbsp;34280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65475 |
| Ideal Power, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40298 |
| IDEX Corp. | &nbsp;&nbsp;31222 | &nbsp;&nbsp;&nbsp;6940963 |
| IES Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125783 |
| Illinois Tool Works, Inc. | 116632 | 24904431 |
| Ingersoll Rand, Inc. | 166831 | &nbsp;&nbsp;&nbsp;8424965 |
| INNOVATE Corp. \* | &nbsp;&nbsp;23119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17057 |
| Innovative Solutions and Support, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65218 |
| Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205925 |
| iSun, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15744 |
| ITT, Inc. | &nbsp;&nbsp;34184 | &nbsp;&nbsp;&nbsp;2611316 |
| Janus International Group, Inc. \* | &nbsp;&nbsp;33335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321016 |
| JELD-WEN Holding, Inc. \* | &nbsp;&nbsp;37821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401281 |
| John Bean Technologies Corp. | &nbsp;&nbsp;13192 | &nbsp;&nbsp;&nbsp;1203110 |
| Johnson Controls International plc | 285816 | 16531597 |
| Kadant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840992 |
| Kaman Corp. | &nbsp;&nbsp;10950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351495 |
| Karat Packaging, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49369 |
| Kennametal, Inc. | &nbsp;&nbsp;33677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899513 |
| Kratos Defense & Security Solutions, Inc. \* | &nbsp;&nbsp;51756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573456 |
| KULR Technology Group, Inc. \* | &nbsp;&nbsp;32998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67646 |
| L.B. Foster Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52900 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;79513 | 19597569 |
| Lennox International, Inc. | &nbsp;&nbsp;13263 | &nbsp;&nbsp;&nbsp;3097839 |
| Lightning eMotors, Inc. \* | &nbsp;&nbsp;12049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18555 |
| Limbach Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43497 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;24028 | &nbsp;&nbsp;&nbsp;3411976 |
| Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785383 |
| Lockheed Martin Corp. | &nbsp;&nbsp;97813 | 47603631 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| LSI Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67054 |
| Luxfer Holdings plc | &nbsp;&nbsp;12212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176708 |
| Manitex International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43160 |
| Markforged Holding Corp. \* | &nbsp;&nbsp;47003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102467 |
| Masco Corp. | &nbsp;&nbsp;93385 | &nbsp;&nbsp;&nbsp;4320924 |
| Masonite International Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668162 |
| MasTec, Inc. \* | &nbsp;&nbsp;24310 | &nbsp;&nbsp;&nbsp;1873815 |
| Matrix Service Co. \* | &nbsp;&nbsp;10847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53150 |
| Maxar Technologies, Inc. | &nbsp;&nbsp;31403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701543 |
| Mayville Engineering Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22125 |
| McGrath RentCorp | &nbsp;&nbsp;&nbsp;&nbsp;9861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927427 |
| MDU Resources Group, Inc. | &nbsp;&nbsp;84810 | &nbsp;&nbsp;&nbsp;2415389 |
| Mercury Systems, Inc. \* | &nbsp;&nbsp;23829 | &nbsp;&nbsp;&nbsp;1153324 |
| Microvast Holdings, Inc. \* | &nbsp;&nbsp;78617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192612 |
| Miller Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129795 |
| Moog, Inc., Class A | &nbsp;&nbsp;11760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996660 |
| MRC Global, Inc. \* | &nbsp;&nbsp;35400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355062 |
| MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp;19657 | &nbsp;&nbsp;&nbsp;1631138 |
| Mueller Industries, Inc. | &nbsp;&nbsp;23532 | &nbsp;&nbsp;&nbsp;1474044 |
| Mueller Water Products, Inc., Class A | &nbsp;&nbsp;66450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777465 |
| MYR Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602331 |
| National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156135 |
| NeoVolta, Inc. \* | &nbsp;&nbsp;12964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48874 |
| Nikola Corp. *\*(a)* | 137436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520882 |
| Nordson Corp. | &nbsp;&nbsp;22448 | &nbsp;&nbsp;&nbsp;5050800 |
| Northrop Grumman Corp. | &nbsp;&nbsp;60315 | 33113538 |
| Northwest Pipe Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;4286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145681 |
| NOW, Inc. \* | &nbsp;&nbsp;46130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587235 |
| NuScale Power Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;7866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88728 |
| Nuvve Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5682 |
| NV5 Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753015 |
| nVent Electric plc | &nbsp;&nbsp;68891 | &nbsp;&nbsp;&nbsp;2514521 |
| Ocean Power Technologies, Inc. \* | &nbsp;&nbsp;48625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35496 |
| Omega Flex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134237 |
| Orion Energy Systems, Inc. \* | &nbsp;&nbsp;16987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28878 |
| Orion Group Holdings, Inc. \* | &nbsp;&nbsp;16674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38017 |
| Oshkosh Corp. | &nbsp;&nbsp;26910 | &nbsp;&nbsp;&nbsp;2368080 |
| Otis Worldwide Corp. | 174087 | 12297506 |
| Owens Corning | &nbsp;&nbsp;39875 | &nbsp;&nbsp;&nbsp;3413699 |
| PACCAR, Inc. | 144118 | 13954946 |
| Park Aerospace Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103376 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;53225 | 15468249 |
| Park-Ohio Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44695 |
| Parsons Corp. \* | &nbsp;&nbsp;13686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641600 |
| Pentair plc | &nbsp;&nbsp;68135 | &nbsp;&nbsp;&nbsp;2926398 |
| Perma-Pipe International Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32890 |
| PGT Innovations, Inc. \* | &nbsp;&nbsp;25562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544726 |
| Plug Power, Inc. \* | 217339 | &nbsp;&nbsp;&nbsp;3473077 |
| Powell Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116097 |
| Preformed Line Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80164 |
| Primoris Services Corp. | &nbsp;&nbsp;21965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443473 |
| Proterra, Inc. \* | &nbsp;&nbsp;83106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518581 |
| Proto Labs, Inc. \* | &nbsp;&nbsp;11556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441324 |
| Quanex Building Products Corp. | &nbsp;&nbsp;13404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297033 |
| Quanta Services, Inc. | &nbsp;&nbsp;59387 | &nbsp;&nbsp;&nbsp;8435329 |
| Raytheon Technologies Corp. | 611921 | 58022349 |
| RBC Bearings, Inc. \* | &nbsp;&nbsp;12100 | &nbsp;&nbsp;&nbsp;3067713 |
| Redwire Corp. \* | &nbsp;&nbsp;10290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28195 |
| Regal Rexnord Corp. | &nbsp;&nbsp;27506 | &nbsp;&nbsp;&nbsp;3480609 |
| Resideo Technologies, Inc. \* | &nbsp;&nbsp;60154 | &nbsp;&nbsp;&nbsp;1420837 |
| REV Group, Inc. | &nbsp;&nbsp;13601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186878 |
| Rocket Lab USA, Inc. \* | &nbsp;&nbsp;90768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462009 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;47945 | 12240358 |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp;17689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882504 |
| Rush Enterprises, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;3737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200378 |

---

<sub>82</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Sarcos Technology and Robotics Corp. *\*(a)* | &nbsp;&nbsp;36550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73831 |
| Sensata Technologies Holding plc | &nbsp;&nbsp;63593 | &nbsp;&nbsp;&nbsp;2557075 |
| SES AI Corp. *\*(a)* | &nbsp;&nbsp;59899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359993 |
| Shoals Technologies Group, Inc., Class A \* | &nbsp;&nbsp;43531 | &nbsp;&nbsp;&nbsp;1006001 |
| Simpson Manufacturing Co., Inc. | &nbsp;&nbsp;17866 | &nbsp;&nbsp;&nbsp;1527186 |
| SiteOne Landscape Supply, Inc. \* | &nbsp;&nbsp;18549 | &nbsp;&nbsp;&nbsp;2149273 |
| SKYX Platforms Corp. \* | &nbsp;&nbsp;16813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56828 |
| Snap-on, Inc. | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;4885100 |
| Spirit AeroSystems Holdings, Inc., Class A | &nbsp;&nbsp;43131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998914 |
| SPX Technologies, Inc. \* | &nbsp;&nbsp;18681 | &nbsp;&nbsp;&nbsp;1229957 |
| Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493071 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;61653 | &nbsp;&nbsp;&nbsp;4839144 |
| Stem, Inc. \* | &nbsp;&nbsp;59957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815415 |
| Sterling Infrastructure, Inc. \* | &nbsp;&nbsp;13724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370411 |
| SunPower Corp. \* | &nbsp;&nbsp;35778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661535 |
| Sunrun, Inc. \* | &nbsp;&nbsp;87614 | &nbsp;&nbsp;&nbsp;1972191 |
| Sunworks, Inc. \* | &nbsp;&nbsp;17256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38999 |
| Symbotic, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;4338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53531 |
| Tecnoglass, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149931 |
| Tennant Co. | &nbsp;&nbsp;&nbsp;&nbsp;7658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446079 |
| Terex Corp. | &nbsp;&nbsp;28047 | &nbsp;&nbsp;&nbsp;1137025 |
| Terran Orbital Corp. *\*(a)* | &nbsp;&nbsp;23493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61552 |
| Textron, Inc. | &nbsp;&nbsp;87466 | &nbsp;&nbsp;&nbsp;5986173 |
| The AZEK Co., Inc. \* | &nbsp;&nbsp;45856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802939 |
| The Boeing Co. \* | 231741 | 33025410 |
| The Eastern Co. | &nbsp;&nbsp;&nbsp;&nbsp;3338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69798 |
| The Gorman-Rupp Co. | &nbsp;&nbsp;&nbsp;&nbsp;9748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264561 |
| The Greenbrier Cos., Inc. | &nbsp;&nbsp;13430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474213 |
| The LS Starrett Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24438 |
| The Manitowoc Co., Inc. \* | &nbsp;&nbsp;15925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145236 |
| The Middleby Corp. \* | &nbsp;&nbsp;22373 | &nbsp;&nbsp;&nbsp;3129088 |
| The Shyft Group, Inc. | &nbsp;&nbsp;13268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304899 |
| The Timken Co. | &nbsp;&nbsp;27449 | &nbsp;&nbsp;&nbsp;1956839 |
| The Toro Co. | &nbsp;&nbsp;43256 | &nbsp;&nbsp;&nbsp;4560480 |
| Thermon Group Holdings, Inc. \* | &nbsp;&nbsp;14491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257360 |
| Titan International, Inc. \* | &nbsp;&nbsp;20997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314115 |
| Titan Machinery, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261976 |
| TPI Composites, Inc. \* | &nbsp;&nbsp;16645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165784 |
| Trane Technologies plc | &nbsp;&nbsp;95892 | 15307240 |
| Transcat, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245383 |
| TransDigm Group, Inc. | &nbsp;&nbsp;21422 | 12333931 |
| Trex Co., Inc. \* | &nbsp;&nbsp;46047 | &nbsp;&nbsp;&nbsp;2214400 |
| Trinity Industries, Inc. | &nbsp;&nbsp;34521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984884 |
| Triton International Ltd. | &nbsp;&nbsp;26045 | &nbsp;&nbsp;&nbsp;1580671 |
| Triumph Group, Inc. \* | &nbsp;&nbsp;27104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245291 |
| Tutor Perini Corp. \* | &nbsp;&nbsp;16006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118765 |
| Twin Disc, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72843 |
| UFP Industries, Inc. | &nbsp;&nbsp;25174 | &nbsp;&nbsp;&nbsp;1793144 |
| Ultralife Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33120 |
| United Rentals, Inc. \* | &nbsp;&nbsp;29052 | &nbsp;&nbsp;&nbsp;9172007 |
| Univar Solutions, Inc. \* | &nbsp;&nbsp;70027 | &nbsp;&nbsp;&nbsp;1784288 |
| Urban-Gro, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17791 |
| V2X, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195522 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8827 | &nbsp;&nbsp;&nbsp;2817755 |
| Velo3D, Inc. \* | &nbsp;&nbsp;23266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91668 |
| Veritiv Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707907 |
| Vertiv Holdings Co. | 125128 | &nbsp;&nbsp;&nbsp;1790582 |
| Vicor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448990 |
| View, Inc. *\*(a)* | &nbsp;&nbsp;23483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31702 |
| Virgin Galactic Holdings, Inc. *\*(a)* | &nbsp;&nbsp;96719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446842 |
| VirTra, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42286 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;18811 | 10992208 |
| Wabash National Corp. | &nbsp;&nbsp;19725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427046 |
| Watsco, Inc. | &nbsp;&nbsp;13730 | &nbsp;&nbsp;&nbsp;3720281 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;11465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1678017 |
| WESCO International, Inc. \* | &nbsp;&nbsp;18376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531662 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;75242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7018574 |
| Westwater Resources, Inc. \* | &nbsp;&nbsp;34475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38957 |
| Willis Lease Finance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23813 |
| WillScot Mobile Mini Holdings Corp. \* | &nbsp;&nbsp;88763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3775090 |
| Woodward, Inc. | &nbsp;&nbsp;25403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2329455 |
| Xos, Inc. \* | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24860 |
| Xylem, Inc. | &nbsp;&nbsp;74771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7658794 |
| Zurn Water Solutions Corp. | &nbsp;&nbsp;60218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1414521 |
|  |  | **1019345519** |
| &nbsp;&nbsp;**Commercial & Professional Services 1.2%** | &nbsp;&nbsp;**Commercial & Professional Services 1.2%** | &nbsp;&nbsp;**Commercial & Professional Services 1.2%** |
| ABM Industries, Inc. | &nbsp;&nbsp;27133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1207690 |
| ACCO Brands Corp. | &nbsp;&nbsp;38516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177174 |
| Acme United Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34765 |
| ACV Auctions, Inc., Class A \* | &nbsp;&nbsp;45433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414349 |
| Alight, Inc., Class A \* | 112914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936057 |
| Aqua Metals, Inc. \* | &nbsp;&nbsp;23651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19753 |
| ARC Document Solutions, Inc. | &nbsp;&nbsp;19042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46082 |
| Aris Water Solution, Inc., Class A | &nbsp;&nbsp;11072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188556 |
| ASGN, Inc. \* | &nbsp;&nbsp;20796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1763085 |
| Atlas Technical Consultants, Inc. \* | &nbsp;&nbsp;15557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117922 |
| Aurora Innovation, Inc. \* | 153867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316966 |
| Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268986 |
| BGSF, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66634 |
| BlackSky Technology, Inc. \* | &nbsp;&nbsp;21423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34491 |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;54733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5957687 |
| Brady Corp., Class A | &nbsp;&nbsp;19596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896517 |
| BrightView Holdings, Inc. \* | &nbsp;&nbsp;13694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122150 |
| CACI International, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;9745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2962772 |
| Casella Waste Systems, Inc., Class A \* | &nbsp;&nbsp;20731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1696003 |
| CBIZ, Inc. \* | &nbsp;&nbsp;21051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044972 |
| CECO Environmental Corp. \* | &nbsp;&nbsp;14190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167726 |
| Cimpress plc \* | &nbsp;&nbsp;&nbsp;&nbsp;8208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191082 |
| Cintas Corp. | &nbsp;&nbsp;35614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15226766 |
| Clarivate plc \* | 177552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1834112 |
| Clean Harbors, Inc. \* | &nbsp;&nbsp;20712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2536391 |
| Copart, Inc. \* | &nbsp;&nbsp;88331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10159832 |
| CoreCivic, Inc. \* | &nbsp;&nbsp;49662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519961 |
| CoStar Group, Inc. \* | 164366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13596355 |
| CRA International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284590 |
| Deluxe Corp. | &nbsp;&nbsp;16881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310273 |
| DLH Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51663 |
| Driven Brands Holdings, Inc. \* | &nbsp;&nbsp;22131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707749 |
| Dun & Bradstreet Holdings, Inc. | &nbsp;&nbsp;89669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1152247 |
| Ennis, Inc. | &nbsp;&nbsp;10401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234647 |
| Equifax, Inc. | &nbsp;&nbsp;50796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8611954 |
| Exponent, Inc. | &nbsp;&nbsp;20864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987505 |
| First Advantage Corp. \* | &nbsp;&nbsp;24470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343803 |
| FiscalNote Holdings, Inc. \* | &nbsp;&nbsp;31549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156798 |
| Forrester Research, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186800 |
| Franklin Covey Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;4552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230331 |
| FTI Consulting, Inc. \* | &nbsp;&nbsp;14419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2244029 |
| GEE Group, Inc. \* | &nbsp;&nbsp;66522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41922 |
| Harsco Corp. \* | &nbsp;&nbsp;34248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181172 |
| Healthcare Services Group, Inc. | &nbsp;&nbsp;30803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430010 |
| Heidrick & Struggles International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254341 |
| Heritage-Crystal Clean, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193746 |
| Hill International, Inc. \* | &nbsp;&nbsp;27687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93305 |
| HireQuest, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47782 |
| HireRight Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115164 |
| HNI Corp. | &nbsp;&nbsp;16275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471812 |
| Hudson Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51748 |

---

<sub>83</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Huron Consulting Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644557 |
| IAA, Inc. \* | &nbsp;&nbsp;55868 | &nbsp;&nbsp;&nbsp;&nbsp;2119073 |
| ICF International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825567 |
| Insperity, Inc. | &nbsp;&nbsp;14863 | &nbsp;&nbsp;&nbsp;&nbsp;1754131 |
| Interface, Inc. | &nbsp;&nbsp;23118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261465 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;52648 | &nbsp;&nbsp;&nbsp;&nbsp;6066103 |
| KAR Auction Services, Inc. \* | &nbsp;&nbsp;49738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722693 |
| KBR, Inc. | &nbsp;&nbsp;57784 | &nbsp;&nbsp;&nbsp;&nbsp;2875910 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp;14539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237567 |
| Kforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513183 |
| Kimball International, Inc., Class B | &nbsp;&nbsp;17567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129820 |
| Knightscope, Inc., Class A \* | &nbsp;&nbsp;18211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61189 |
| Korn Ferry | &nbsp;&nbsp;22978 | &nbsp;&nbsp;&nbsp;&nbsp;1277347 |
| LegalZoom.com, Inc. \* | &nbsp;&nbsp;41173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380850 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;56466 | &nbsp;&nbsp;&nbsp;&nbsp;5736381 |
| ManpowerGroup, Inc. | &nbsp;&nbsp;21509 | &nbsp;&nbsp;&nbsp;&nbsp;1685015 |
| Mastech Digital, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46433 |
| Matthews International Corp., Class A | &nbsp;&nbsp;12972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348687 |
| MillerKnoll, Inc. | &nbsp;&nbsp;30369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643215 |
| Mistras Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32329 |
| Montrose Environmental Group, Inc. \* | &nbsp;&nbsp;10915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477859 |
| MSA Safety, Inc. | &nbsp;&nbsp;15059 | &nbsp;&nbsp;&nbsp;&nbsp;2021520 |
| NL Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51106 |
| Odyssey Marine Exploration, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29707 |
| Performant Financial Corp. \* | &nbsp;&nbsp;24843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57636 |
| Perma-Fix Environmental Services, Inc. \* | &nbsp;&nbsp;10441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43435 |
| Pitney Bowes, Inc. | &nbsp;&nbsp;64043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199174 |
| Planet Labs PBC \* | &nbsp;&nbsp;77306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405856 |
| Quad Graphics, Inc. \* | &nbsp;&nbsp;18674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51914 |
| Quest Resource Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;7972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70632 |
| RCM Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55300 |
| Red Violet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92537 |
| Republic Services, Inc. | &nbsp;&nbsp;85070 | &nbsp;&nbsp;&nbsp;&nbsp;11281983 |
| Resources Connection, Inc. | &nbsp;&nbsp;13566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247851 |
| Robert Half International, Inc. | &nbsp;&nbsp;45301 | &nbsp;&nbsp;&nbsp;&nbsp;3463714 |
| Rollins, Inc. | &nbsp;&nbsp;96157 | &nbsp;&nbsp;&nbsp;&nbsp;4046287 |
| Science Applications International Corp. | &nbsp;&nbsp;23168 | &nbsp;&nbsp;&nbsp;&nbsp;2510021 |
| Skillsoft Corp. \* | &nbsp;&nbsp;35359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63293 |
| SP Plus Corp. \* | &nbsp;&nbsp;10202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377780 |
| Spire Global, Inc. *\*(a)* | &nbsp;&nbsp;38120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54893 |
| Steelcase, Inc., Class A | &nbsp;&nbsp;36886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286604 |
| Stericycle, Inc. \* | &nbsp;&nbsp;37932 | &nbsp;&nbsp;&nbsp;&nbsp;1691009 |
| Sterling Check Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192702 |
| Team, Inc. \* | &nbsp;&nbsp;22840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15874 |
| Tetra Tech, Inc. | &nbsp;&nbsp;22221 | &nbsp;&nbsp;&nbsp;&nbsp;3139383 |
| The Brink's Co. | &nbsp;&nbsp;19918 | &nbsp;&nbsp;&nbsp;&nbsp;1187710 |
| The GEO Group, Inc. \* | &nbsp;&nbsp;52634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445284 |
| TransUnion | &nbsp;&nbsp;79646 | &nbsp;&nbsp;&nbsp;&nbsp;4720618 |
| TriNet Group, Inc. \* | &nbsp;&nbsp;14865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965928 |
| TrueBlue, Inc. \* | &nbsp;&nbsp;14017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275574 |
| UniFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6161 | &nbsp;&nbsp;&nbsp;&nbsp;1133686 |
| Upwork, Inc. \* | &nbsp;&nbsp;50122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674141 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;64888 | &nbsp;&nbsp;&nbsp;&nbsp;11863473 |
| Viad Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302527 |
| VSE Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172801 |
| Waste Management, Inc. | 155732 | &nbsp;&nbsp;&nbsp;&nbsp;24663277 |
| Willdan Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81925 |
|  |  | **184664756** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 1.1%** | &nbsp;&nbsp;**Consumer Durables & Apparel 1.1%** | &nbsp;&nbsp;**Consumer Durables & Apparel 1.1%** |
| Acushnet Holdings Corp. | &nbsp;&nbsp;13529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630046 |
| Allbirds, Inc., Class A \* | &nbsp;&nbsp;39597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136214 |
| American Outdoor Brands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56285 |
| AMMO, Inc. *\*(a)* | &nbsp;&nbsp;41078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133503 |
| Aterian, Inc. *\*(a)* | &nbsp;&nbsp;25581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28139 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Bassett Furniture Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74556 |
| Beazer Homes USA, Inc. \* | &nbsp;&nbsp;12137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137269 |
| Brunswick Corp. | &nbsp;&nbsp;30438 | &nbsp;&nbsp;&nbsp;2151053 |
| Capri Holdings Ltd. \* | &nbsp;&nbsp;57338 | &nbsp;&nbsp;&nbsp;2619200 |
| Carter's, Inc. | &nbsp;&nbsp;16340 | &nbsp;&nbsp;&nbsp;1108996 |
| Cavco Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796518 |
| Century Communities, Inc. | &nbsp;&nbsp;11888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529135 |
| Clarus Corp. | &nbsp;&nbsp;11806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142971 |
| Columbia Sportswear Co. | &nbsp;&nbsp;14813 | &nbsp;&nbsp;&nbsp;1103568 |
| Cricut, Inc., Class A *\*(a)* | &nbsp;&nbsp;18379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163389 |
| Crocs, Inc. \* | &nbsp;&nbsp;25300 | &nbsp;&nbsp;&nbsp;1789975 |
| Culp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44116 |
| D.R. Horton, Inc. | 130666 | 10045602 |
| Deckers Outdoor Corp. \* | &nbsp;&nbsp;11036 | &nbsp;&nbsp;&nbsp;3861827 |
| Delta Apparel, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28815 |
| Dream Finders Homes, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80497 |
| Escalade, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41301 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236017 |
| Flexsteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40823 |
| Fossil Group, Inc. \* | &nbsp;&nbsp;19967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84860 |
| Garmin Ltd. | &nbsp;&nbsp;64119 | &nbsp;&nbsp;&nbsp;5645037 |
| G-III Apparel Group Ltd. \* | &nbsp;&nbsp;17626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343707 |
| GoPro, Inc., Class A \* | &nbsp;&nbsp;54737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298317 |
| Green Brick Partners, Inc. \* | &nbsp;&nbsp;10978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253921 |
| Hamilton Beach Brands Holding Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53140 |
| Hanesbrands, Inc. | 148070 | &nbsp;&nbsp;&nbsp;1009837 |
| Hasbro, Inc. | &nbsp;&nbsp;53626 | &nbsp;&nbsp;&nbsp;3499096 |
| Helen of Troy Ltd. \* | &nbsp;&nbsp;10307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975248 |
| Hooker Furnishings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84122 |
| Hovnanian Enterprises, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81507 |
| Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848046 |
| iRobot Corp. \* | &nbsp;&nbsp;11608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655852 |
| JAKKS Pacific, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70873 |
| Johnson Outdoors, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108397 |
| KB Home | &nbsp;&nbsp;35481 | &nbsp;&nbsp;&nbsp;1022562 |
| Kontoor Brands, Inc. | &nbsp;&nbsp;20392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727994 |
| Lakeland Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42683 |
| Landsea Homes Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31794 |
| Latham Group, Inc. \* | &nbsp;&nbsp;20641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91233 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;16981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420619 |
| Legacy Housing Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52952 |
| Leggett & Platt, Inc. | &nbsp;&nbsp;54279 | &nbsp;&nbsp;&nbsp;1831916 |
| Lennar Corp., Class A | 110430 | &nbsp;&nbsp;&nbsp;8911701 |
| Levi Strauss & Co., Class A | &nbsp;&nbsp;40543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606523 |
| LGI Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761346 |
| Lifetime Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48735 |
| Live Ventures, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12942 |
| Lululemon Athletica, Inc. \* | &nbsp;&nbsp;48219 | 15865980 |
| M.D.C. Holdings, Inc. | &nbsp;&nbsp;23964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729943 |
| M/I Homes, Inc. \* | &nbsp;&nbsp;11544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478961 |
| Malibu Boats, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471022 |
| Marine Products Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51650 |
| MasterCraft Boat Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148947 |
| Mattel, Inc. \* | 146022 | &nbsp;&nbsp;&nbsp;2768577 |
| Meritage Homes Corp. \* | &nbsp;&nbsp;14848 | &nbsp;&nbsp;&nbsp;1130824 |
| Mohawk Industries, Inc. \* | &nbsp;&nbsp;22184 | &nbsp;&nbsp;&nbsp;2101934 |
| Movado Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229373 |
| Nautilus, Inc. \* | &nbsp;&nbsp;11457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19019 |
| Newell Brands, Inc. | 155134 | &nbsp;&nbsp;&nbsp;2142401 |
| NIKE, Inc., Class B | 524204 | 48583227 |
| NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1277 | &nbsp;&nbsp;&nbsp;5411607 |
| Oxford Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632150 |
| Peloton Interactive, Inc., Class A \* | 125763 | &nbsp;&nbsp;&nbsp;1056409 |
| PLBY Group, Inc. *\*(a)* | &nbsp;&nbsp;20435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73975 |
| Polaris, Inc. | &nbsp;&nbsp;23502 | &nbsp;&nbsp;&nbsp;2387803 |
| PulteGroup, Inc. | &nbsp;&nbsp;95447 | &nbsp;&nbsp;&nbsp;3816925 |
| Purple Innovation, Inc. \* | &nbsp;&nbsp;16803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59147 |

---

<sub>84</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| PVH Corp. | &nbsp;&nbsp;27331 | &nbsp;&nbsp;&nbsp;&nbsp;1402627 |
| Ralph Lauren Corp. | &nbsp;&nbsp;17538 | &nbsp;&nbsp;&nbsp;&nbsp;1625597 |
| Rocky Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56693 |
| Skechers U.S.A., Inc., Class A \* | &nbsp;&nbsp;55479 | &nbsp;&nbsp;&nbsp;&nbsp;1910142 |
| Skyline Champion Corp. \* | &nbsp;&nbsp;21373 | &nbsp;&nbsp;&nbsp;&nbsp;1244122 |
| Smith & Wesson Brands, Inc. | &nbsp;&nbsp;17932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202452 |
| Snap One Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63963 |
| Solo Brands, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27498 |
| Sonos, Inc. \* | &nbsp;&nbsp;51400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828568 |
| Steven Madden Ltd. | &nbsp;&nbsp;30371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907182 |
| Sturm, Ruger & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406718 |
| Superior Group of Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53548 |
| Tapestry, Inc. | 104651 | &nbsp;&nbsp;&nbsp;&nbsp;3315344 |
| Taylor Morrison Home Corp. \* | &nbsp;&nbsp;46041 | &nbsp;&nbsp;&nbsp;&nbsp;1212720 |
| Tempur Sealy International, Inc. | &nbsp;&nbsp;71463 | &nbsp;&nbsp;&nbsp;&nbsp;1921640 |
| The Lovesac Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;6938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168871 |
| Toll Brothers, Inc. | &nbsp;&nbsp;43711 | &nbsp;&nbsp;&nbsp;&nbsp;1883070 |
| TopBuild Corp. \* | &nbsp;&nbsp;13395 | &nbsp;&nbsp;&nbsp;&nbsp;2279025 |
| Topgolf Callaway Brands Corp. \* | &nbsp;&nbsp;57175 | &nbsp;&nbsp;&nbsp;&nbsp;1070316 |
| Traeger, Inc. \* | &nbsp;&nbsp;40014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166058 |
| Tri Pointe Homes, Inc. \* | &nbsp;&nbsp;40729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682211 |
| Tupperware Brands Corp. \* | &nbsp;&nbsp;18352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141861 |
| Under Armour, Inc., Class A \* | &nbsp;&nbsp;77611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578202 |
| Under Armour, Inc., Class C \* | &nbsp;&nbsp;81326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533499 |
| Unifi, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53580 |
| Universal Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114092 |
| Vera Bradley, Inc. \* | &nbsp;&nbsp;11087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36033 |
| VF Corp. | 137584 | &nbsp;&nbsp;&nbsp;&nbsp;3886748 |
| Vista Outdoor, Inc. \* | &nbsp;&nbsp;23977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696292 |
| Vizio Holding Corp., Class A \* | &nbsp;&nbsp;23851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267131 |
| VOXX International Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51078 |
| Vuzix Corp. *\*(a)* | &nbsp;&nbsp;26677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133385 |
| Weber, Inc., Class A *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;6753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44975 |
| Whirlpool Corp. | &nbsp;&nbsp;22522 | &nbsp;&nbsp;&nbsp;&nbsp;3113441 |
| Wolverine World Wide, Inc. | &nbsp;&nbsp;31423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538276 |
| YETI Holdings, Inc. \* | &nbsp;&nbsp;36672 | &nbsp;&nbsp;&nbsp;&nbsp;1176438 |
|  |  | **175508045** |
| &nbsp;&nbsp;**Consumer Services 2.2%** | &nbsp;&nbsp;**Consumer Services 2.2%** | &nbsp;&nbsp;**Consumer Services 2.2%** |
| 2U, Inc. \* | &nbsp;&nbsp;30895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191240 |
| Accel Entertainment, Inc. \* | &nbsp;&nbsp;23774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233461 |
| ADT, Inc. | &nbsp;&nbsp;88932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752365 |
| Adtalem Global Education, Inc. \* | &nbsp;&nbsp;18735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781250 |
| Airbnb, Inc., Class A \* | 165775 | &nbsp;&nbsp;&nbsp;&nbsp;17723005 |
| American Public Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90349 |
| Aramark | 106819 | &nbsp;&nbsp;&nbsp;&nbsp;3898894 |
| Bally's Corp. *\*(a)* | &nbsp;&nbsp;11844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266964 |
| Biglari Holdings, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70906 |
| BJ's Restaurants, Inc. \* | &nbsp;&nbsp;10764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353597 |
| Bloomin' Brands, Inc. | &nbsp;&nbsp;36977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887818 |
| Bluegreen Vacations Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87744 |
| Booking Holdings, Inc. \* | &nbsp;&nbsp;16479 | &nbsp;&nbsp;&nbsp;&nbsp;30807161 |
| Bowlero Corp. *\*(a)* | &nbsp;&nbsp;13311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193808 |
| Boyd Gaming Corp. | &nbsp;&nbsp;33791 | &nbsp;&nbsp;&nbsp;&nbsp;1951768 |
| Bright Horizons Family Solutions, Inc. \* | &nbsp;&nbsp;24488 | &nbsp;&nbsp;&nbsp;&nbsp;1599556 |
| Brinker International, Inc. \* | &nbsp;&nbsp;17379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580285 |
| Caesars Entertainment, Inc. \* | &nbsp;&nbsp;88306 | &nbsp;&nbsp;&nbsp;&nbsp;3861621 |
| Canterbury Park Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46628 |
| Carnival Corp. \* | 415071 | &nbsp;&nbsp;&nbsp;&nbsp;3760543 |
| Carriage Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140406 |
| Carrols Restaurant Group, Inc. \* | &nbsp;&nbsp;10728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18774 |
| Century Casinos, Inc. \* | &nbsp;&nbsp;13792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109646 |
| Chegg, Inc. \* | &nbsp;&nbsp;53844 | &nbsp;&nbsp;&nbsp;&nbsp;1161415 |
| Chipotle Mexican Grill, Inc. \* | &nbsp;&nbsp;11516 | &nbsp;&nbsp;&nbsp;&nbsp;17254768 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;11898 | &nbsp;&nbsp;&nbsp;&nbsp;1544836 |
| Churchill Downs, Inc. | &nbsp;&nbsp;13776 | &nbsp;&nbsp;&nbsp;&nbsp;2864168 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Chuy's Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240055 |
| Coursera, Inc. \* | &nbsp;&nbsp;35520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457853 |
| Cracker Barrel Old Country Store, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9479 | &nbsp;&nbsp;&nbsp;1082691 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;50770 | &nbsp;&nbsp;&nbsp;7267218 |
| Dave & Buster's Entertainment, Inc. \* | &nbsp;&nbsp;17690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704947 |
| Denny's Corp. \* | &nbsp;&nbsp;21907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248206 |
| Dine Brands Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472550 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;14820 | &nbsp;&nbsp;&nbsp;4923797 |
| DraftKings, Inc., Class A \* | 185083 | &nbsp;&nbsp;&nbsp;2924311 |
| Drive Shack, Inc. \* | &nbsp;&nbsp;31442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19944 |
| Duolingo, Inc. \* | &nbsp;&nbsp;10274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840824 |
| Dutch Bros, Inc., Class A *\*(a)* | &nbsp;&nbsp;10054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371093 |
| El Pollo Loco Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91223 |
| European Wax Center, Inc., Class A | &nbsp;&nbsp;10756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154671 |
| Everi Holdings, Inc. \* | &nbsp;&nbsp;38486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730464 |
| Expedia Group, Inc. \* | &nbsp;&nbsp;62950 | &nbsp;&nbsp;&nbsp;5883936 |
| F45 Training Holdings, Inc. \* | &nbsp;&nbsp;21969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73376 |
| Fiesta Restaurant Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65731 |
| First Watch Restaurant Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74969 |
| Frontdoor, Inc. \* | &nbsp;&nbsp;33738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744260 |
| Full House Resorts, Inc. \* | &nbsp;&nbsp;15255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106938 |
| Global Business Travel Group I \* | &nbsp;&nbsp;&nbsp;&nbsp;6663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36913 |
| Golden Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396784 |
| Graham Holdings Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;1610 | &nbsp;&nbsp;&nbsp;1004431 |
| Grand Canyon Education, Inc. \* | &nbsp;&nbsp;13228 | &nbsp;&nbsp;&nbsp;1331134 |
| H&R Block, Inc. | &nbsp;&nbsp;65559 | &nbsp;&nbsp;&nbsp;2697753 |
| Hall of Fame Resort & Entertainment Co. \* | &nbsp;&nbsp;68131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37234 |
| Hilton Grand Vacations, Inc. \* | &nbsp;&nbsp;33286 | &nbsp;&nbsp;&nbsp;1306143 |
| Hilton Worldwide Holdings, Inc. | 113813 | 15394346 |
| Hyatt Hotels Corp., Class A \* | &nbsp;&nbsp;21180 | &nbsp;&nbsp;&nbsp;1995368 |
| Inspired Entertainment, Inc. \* | &nbsp;&nbsp;10938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112005 |
| Jack in the Box, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791864 |
| Krispy Kreme, Inc. *(a)* | &nbsp;&nbsp;28002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401829 |
| Kura Sushi USA, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117676 |
| Las Vegas Sands Corp. \* | 136449 | &nbsp;&nbsp;&nbsp;5186426 |
| Laureate Education, Inc., Class A | &nbsp;&nbsp;46768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591148 |
| Life Time Group Holdings, Inc. \* | &nbsp;&nbsp;24073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252526 |
| Lincoln Educational Services Corp. \* | &nbsp;&nbsp;10639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59046 |
| Lindblad Expeditions Holdings, Inc. \* | &nbsp;&nbsp;13166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110463 |
| Marriott International, Inc., Class A | 114408 | 18317865 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;16196 | &nbsp;&nbsp;&nbsp;2393121 |
| McDonald's Corp. | 304988 | 83158028 |
| Membership Collective Group, Inc., Class A \* | &nbsp;&nbsp;21516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98543 |
| MGM Resorts International | 134604 | &nbsp;&nbsp;&nbsp;4787864 |
| Mister Car Wash, Inc. *\*(a)* | &nbsp;&nbsp;34014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300344 |
| Monarch Casino & Resort, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422938 |
| Nathan's Famous, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101072 |
| Nerdy, Inc. \* | &nbsp;&nbsp;26826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65187 |
| Noodles & Co. \* | &nbsp;&nbsp;16309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94918 |
| Norwegian Cruise Line Holdings Ltd. \* | 178090 | &nbsp;&nbsp;&nbsp;3007940 |
| OneSpaWorld Holdings Ltd. \* | &nbsp;&nbsp;25869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234632 |
| Papa John's International, Inc. | &nbsp;&nbsp;13521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982030 |
| Penn Entertainment, Inc. \* | &nbsp;&nbsp;64919 | &nbsp;&nbsp;&nbsp;2148819 |
| Perdoceo Education Corp. \* | &nbsp;&nbsp;25826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295191 |
| Planet Fitness, Inc., Class A \* | &nbsp;&nbsp;34852 | &nbsp;&nbsp;&nbsp;2282109 |
| Playa Hotels & Resorts N.V. \* | &nbsp;&nbsp;53100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327627 |
| PlayAGS, Inc. \* | &nbsp;&nbsp;10629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71427 |
| Portillo's, Inc., Class A *\*(a)* | &nbsp;&nbsp;12012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257537 |
| Potbelly Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;7813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38909 |
| RCI Hospitality Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275917 |
| Red Robin Gourmet Burgers, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55197 |
| Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;20415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850285 |
| Rover Group, Inc. *\*(a)* | &nbsp;&nbsp;43669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191707 |
| Royal Caribbean Cruises Ltd. \* | &nbsp;&nbsp;90583 | &nbsp;&nbsp;&nbsp;4835321 |
| Rush Street Interactive, Inc. \* | &nbsp;&nbsp;20546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85266 |
| Ruth's Hospitality Group, Inc. | &nbsp;&nbsp;11936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248030 |

---

<sub>85</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Scientific Games Corp., Class A \* | &nbsp;&nbsp;38874 | &nbsp;&nbsp;&nbsp;&nbsp;2182386 |
| SeaWorld Entertainment, Inc. \* | &nbsp;&nbsp;17307 | &nbsp;&nbsp;&nbsp;&nbsp;1006575 |
| Service Corp. International | &nbsp;&nbsp;65074 | &nbsp;&nbsp;&nbsp;&nbsp;3944135 |
| Shake Shack, Inc., Class A \* | &nbsp;&nbsp;15122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840330 |
| Six Flags Entertainment Corp. \* | &nbsp;&nbsp;30964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690497 |
| Sonder Holdings, Inc. \* | &nbsp;&nbsp;52572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115133 |
| Starbucks Corp. | 475821 | &nbsp;&nbsp;&nbsp;&nbsp;41201340 |
| StoneMor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34876 |
| Strategic Education, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629832 |
| Stride, Inc. \* | &nbsp;&nbsp;16676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558813 |
| Sweetgreen, Inc., Class A \* | &nbsp;&nbsp;30982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576265 |
| Target Hospitality Corp. \* | &nbsp;&nbsp;11875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144519 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;27917 | &nbsp;&nbsp;&nbsp;&nbsp;2762387 |
| The Beachbody Co., Inc. *\*(a)* | &nbsp;&nbsp;37405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37779 |
| The Cheesecake Factory, Inc. | &nbsp;&nbsp;20167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722180 |
| The ONE Group Hospitality, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61037 |
| The Wendy's Co. | &nbsp;&nbsp;71543 | &nbsp;&nbsp;&nbsp;&nbsp;1486664 |
| Travel & Leisure Co. | &nbsp;&nbsp;34458 | &nbsp;&nbsp;&nbsp;&nbsp;1308715 |
| Udemy, Inc. \* | &nbsp;&nbsp;27212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395935 |
| Universal Technical Institute, Inc. \* | &nbsp;&nbsp;13710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94599 |
| Vacasa, Inc., Class A \* | &nbsp;&nbsp;39127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142814 |
| Vail Resorts, Inc. | &nbsp;&nbsp;16745 | &nbsp;&nbsp;&nbsp;&nbsp;3669332 |
| Vivint Smart Home, Inc. \* | &nbsp;&nbsp;22131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169302 |
| Wingstop, Inc. | &nbsp;&nbsp;12506 | &nbsp;&nbsp;&nbsp;&nbsp;1980825 |
| WW International, Inc. \* | &nbsp;&nbsp;20206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91331 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;37798 | &nbsp;&nbsp;&nbsp;&nbsp;2870002 |
| Wynn Resorts Ltd. \* | &nbsp;&nbsp;43252 | &nbsp;&nbsp;&nbsp;&nbsp;2763803 |
| Xponential Fitness, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144777 |
| XWELL, Inc. \* | &nbsp;&nbsp;36286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24674 |
| Yum! Brands, Inc. | 117864 | &nbsp;&nbsp;&nbsp;&nbsp;13937418 |
|  |  | **361051221** |
| &nbsp;&nbsp;**Diversified Financials 5.4%** | &nbsp;&nbsp;**Diversified Financials 5.4%** | &nbsp;&nbsp;**Diversified Financials 5.4%** |
| Acacia Research Corp. \* | &nbsp;&nbsp;18555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74034 |
| ACRES Commercial Realty Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33578 |
| AFC Gamma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144766 |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;15685 | &nbsp;&nbsp;&nbsp;&nbsp;1947450 |
| AG Mortgage Investment Trust, Inc. | &nbsp;&nbsp;10503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51570 |
| AGNC Investment Corp. | 214927 | &nbsp;&nbsp;&nbsp;&nbsp;1766700 |
| Alerus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143099 |
| Ally Financial, Inc. | 128259 | &nbsp;&nbsp;&nbsp;&nbsp;3534818 |
| A-Mark Precious Metals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247598 |
| American Express Co. | 248811 | &nbsp;&nbsp;&nbsp;&nbsp;36935993 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;44850 | &nbsp;&nbsp;&nbsp;&nbsp;13864032 |
| Angel Oak Mortgage, Inc. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;9942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102701 |
| Annaly Capital Management, Inc. | 179226 | &nbsp;&nbsp;&nbsp;&nbsp;3324642 |
| Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;52949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596206 |
| Apollo Global Management, Inc. | 179452 | &nbsp;&nbsp;&nbsp;&nbsp;9934463 |
| Arbor Realty Trust, Inc. | &nbsp;&nbsp;70442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969986 |
| Ares Commercial Real Estate Corp. | &nbsp;&nbsp;22535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278082 |
| Ares Management Corp., Class A | &nbsp;&nbsp;63721 | &nbsp;&nbsp;&nbsp;&nbsp;4831963 |
| Arlington Asset Investment Corp., Class A \* | &nbsp;&nbsp;17051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51835 |
| ARMOUR Residential REIT, Inc. | &nbsp;&nbsp;48493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257983 |
| Artisan Partners Asset Management, Inc., Class A | &nbsp;&nbsp;27121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773220 |
| Assetmark Financial Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169511 |
| Associated Capital Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73265 |
| Atlanticus Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61233 |
| B. Riley Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276461 |
| Bakkt Holdings, Inc. *\*(a)* | &nbsp;&nbsp;25312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53915 |
| Berkshire Hathaway, Inc., Class B \* | 748599 | &nbsp;&nbsp;220904079 |
| BGC Partners, Inc., Class A | 138704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549268 |
| BlackRock, Inc. | &nbsp;&nbsp;62575 | &nbsp;&nbsp;&nbsp;&nbsp;40417818 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Blackstone Mortgage Trust, Inc., Class A | &nbsp;&nbsp;71938 | &nbsp;&nbsp;&nbsp;1795572 |
| Blackstone, Inc. | 291272 | 26546530 |
| Blucora, Inc. \* | &nbsp;&nbsp;19812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436458 |
| Blue Owl Capital, Inc. | 139346 | &nbsp;&nbsp;&nbsp;1396247 |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp;20614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744372 |
| Bridge Investment Group Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;9932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155535 |
| Brightsphere Investment Group, Inc. | &nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263480 |
| BrightSpire Capital, Inc., Class A | &nbsp;&nbsp;37342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286787 |
| Broadmark Realty Capital, Inc. | &nbsp;&nbsp;53330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310381 |
| Cannae Holdings, Inc. \* | &nbsp;&nbsp;33716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780863 |
| Capital One Financial Corp. | 158968 | 16853787 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;44221 | &nbsp;&nbsp;&nbsp;5505514 |
| Cherry Hill Mortgage Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42517 |
| Chicago Atlantic Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41748 |
| Chimera Investment Corp. | &nbsp;&nbsp;93681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632347 |
| Claros Mortgage Trust, Inc. | &nbsp;&nbsp;50991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815856 |
| CME Group, Inc. | 149073 | 25834351 |
| Cohen & Steers, Inc. | &nbsp;&nbsp;10168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611707 |
| Coinbase Global, Inc., Class A *\*(a)* | &nbsp;&nbsp;65330 | &nbsp;&nbsp;&nbsp;4328112 |
| Consumer Portfolio Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32736 |
| Cowen, Inc., Class A | &nbsp;&nbsp;11322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437256 |
| Credit Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2493 | &nbsp;&nbsp;&nbsp;1160791 |
| Curo Group Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50345 |
| Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245452 |
| Discover Financial Services | 113599 | 11866552 |
| Donnelley Financial Solutions, Inc. \* | &nbsp;&nbsp;10245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414205 |
| Dynex Capital, Inc. | &nbsp;&nbsp;18156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216783 |
| Elevate Credit, Inc. \* | &nbsp;&nbsp;18040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18401 |
| Ellington Financial, Inc. | &nbsp;&nbsp;26120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349486 |
| Ellington Residential Mortgage REIT | &nbsp;&nbsp;&nbsp;&nbsp;4517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30219 |
| Encore Capital Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505585 |
| Enova International, Inc. \* | &nbsp;&nbsp;13316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499217 |
| Equitable Holdings, Inc. | 143706 | &nbsp;&nbsp;&nbsp;4400278 |
| Evercore, Inc., Class A | &nbsp;&nbsp;14684 | &nbsp;&nbsp;&nbsp;1543288 |
| EZCORP, Inc., Class A \* | &nbsp;&nbsp;20871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201614 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;15789 | &nbsp;&nbsp;&nbsp;6718062 |
| Federated Hermes, Inc. | &nbsp;&nbsp;34946 | &nbsp;&nbsp;&nbsp;1214373 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;15825 | &nbsp;&nbsp;&nbsp;1557971 |
| Focus Financial Partners, Inc., Class A \* | &nbsp;&nbsp;23656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822992 |
| Forge Global Holdings, Inc. *\*(a)* | &nbsp;&nbsp;41278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63981 |
| Franklin BSP Realty Trust, Inc. | &nbsp;&nbsp;34676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488585 |
| Franklin Resources, Inc. | 118679 | &nbsp;&nbsp;&nbsp;2783023 |
| GCM Grosvenor, Inc., Class A | &nbsp;&nbsp;19770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163498 |
| Granite Point Mortgage Trust, Inc. | &nbsp;&nbsp;21343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167756 |
| Great Ajax Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79780 |
| Green Dot Corp., Class A \* | &nbsp;&nbsp;20026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381095 |
| Greenhill & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46361 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp;14301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855486 |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;36920 | &nbsp;&nbsp;&nbsp;1003486 |
| Houlihan Lokey, Inc. | &nbsp;&nbsp;20612 | &nbsp;&nbsp;&nbsp;1841064 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;42883 | &nbsp;&nbsp;&nbsp;3437072 |
| Intercontinental Exchange, Inc. | 231717 | 22145194 |
| Invesco Ltd. | 190024 | &nbsp;&nbsp;&nbsp;2911168 |
| Invesco Mortgage Capital, Inc. | &nbsp;&nbsp;17470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204574 |
| Jackson Financial, Inc., Class A | &nbsp;&nbsp;24284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;931534 |
| Janus Henderson Group plc | &nbsp;&nbsp;55087 | &nbsp;&nbsp;&nbsp;1254331 |
| Jefferies Financial Group, Inc. | &nbsp;&nbsp;77498 | &nbsp;&nbsp;&nbsp;2666706 |
| Katapult Holdings, Inc. \* | &nbsp;&nbsp;22914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21768 |
| KKR & Co., Inc. | 238619 | 11604042 |
| KKR Real Estate Finance Trust, Inc. | &nbsp;&nbsp;24272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422818 |

---

<sub>86</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Ladder Capital Corp. REIT | &nbsp;&nbsp;45751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488163 |
| Lazard Ltd., Class A | &nbsp;&nbsp;46094 | &nbsp;&nbsp;&nbsp;1738205 |
| LendingClub Corp. \* | &nbsp;&nbsp;41850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445284 |
| LendingTree, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119363 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp;33100 | &nbsp;&nbsp;&nbsp;8462015 |
| Lument Finance Trust, Inc. | &nbsp;&nbsp;24035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52156 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;15563 | &nbsp;&nbsp;&nbsp;3797994 |
| MarketWise, Inc. \* | &nbsp;&nbsp;11705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28794 |
| Medallion Financial Corp. | &nbsp;&nbsp;10486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77806 |
| MFA Financial, Inc. | &nbsp;&nbsp;38698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385432 |
| Moelis & Co., Class A | &nbsp;&nbsp;26577 | &nbsp;&nbsp;&nbsp;1128459 |
| Moneylion, Inc. \* | &nbsp;&nbsp;35694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39977 |
| Moody's Corp. | &nbsp;&nbsp;65480 | 17343688 |
| Morgan Stanley | 555747 | 45665731 |
| Morningstar, Inc. | &nbsp;&nbsp;10331 | &nbsp;&nbsp;&nbsp;2398652 |
| MSCI, Inc. | &nbsp;&nbsp;33406 | 15662737 |
| Nasdaq, Inc. | 140779 | &nbsp;&nbsp;&nbsp;8762085 |
| Navient Corp. | &nbsp;&nbsp;45502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688900 |
| Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655524 |
| NerdWallet, Inc., Class A *\*(a)* | &nbsp;&nbsp;14084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165346 |
| New York Mortgage Trust, Inc. | 148104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398400 |
| Nexpoint Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58104 |
| Nicholas Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42586 |
| Northern Trust Corp. | &nbsp;&nbsp;86193 | &nbsp;&nbsp;&nbsp;7270380 |
| OneMain Holdings, Inc. | &nbsp;&nbsp;50954 | &nbsp;&nbsp;&nbsp;1964786 |
| Open Lending Corp., Class A \* | &nbsp;&nbsp;41232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295633 |
| Oportun Financial Corp. \* | &nbsp;&nbsp;13044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71742 |
| Oppenheimer Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120470 |
| OppFi, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;7166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16267 |
| Orchid Island Capital, Inc. *(a)* | &nbsp;&nbsp;13873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139699 |
| P10, Inc., Class A | &nbsp;&nbsp;14773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153491 |
| PennyMac Mortgage Investment Trust | &nbsp;&nbsp;37798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524258 |
| Perella Weinberg Partners, Class A | &nbsp;&nbsp;14490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114181 |
| Piper Sandler Cos. | &nbsp;&nbsp;&nbsp;&nbsp;5914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756815 |
| PJT Partners, Inc., Class A | &nbsp;&nbsp;10087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750473 |
| PRA Group, Inc. \* | &nbsp;&nbsp;17181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575563 |
| PROG Holdings, Inc. \* | &nbsp;&nbsp;19702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325477 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;80651 | &nbsp;&nbsp;&nbsp;9528109 |
| Ready Capital Corp. | &nbsp;&nbsp;41326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500871 |
| Redwood Trust, Inc. | &nbsp;&nbsp;48185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343559 |
| Regional Management Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115838 |
| Rithm Capital Corp. | 191132 | &nbsp;&nbsp;&nbsp;1611243 |
| Robinhood Markets, Inc., Class A \* | 209153 | &nbsp;&nbsp;&nbsp;2442907 |
| S&P Global, Inc. | 141363 | 45412864 |
| Sachem Capital Corp. | &nbsp;&nbsp;16351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64423 |
| Safeguard Scientifics, Inc. \* | &nbsp;&nbsp;12218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43252 |
| Sculptor Capital Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81357 |
| SEI Investments Co. | &nbsp;&nbsp;42718 | &nbsp;&nbsp;&nbsp;2319587 |
| Seven Hills Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;2626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24290 |
| Silvercrest Asset Management Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61015 |
| SLM Corp. | 102861 | &nbsp;&nbsp;&nbsp;1706464 |
| SoFi Technologies, Inc. \* | 334999 | &nbsp;&nbsp;&nbsp;1822395 |
| Starwood Property Trust, Inc. | 126464 | &nbsp;&nbsp;&nbsp;2612746 |
| State Street Corp. | 152779 | 11305646 |
| StepStone Group, Inc., Class A | &nbsp;&nbsp;20302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599315 |
| Stifel Financial Corp. | &nbsp;&nbsp;43694 | &nbsp;&nbsp;&nbsp;2703348 |
| StoneX Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688048 |
| Sunlight Financial Holdings, Inc. *\*(a)* | &nbsp;&nbsp;16772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20294 |
| SWK Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26989 |
| Synchrony Financial | 198989 | &nbsp;&nbsp;&nbsp;7076049 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;93397 | &nbsp;&nbsp;&nbsp;9915025 |
| The Bank of New York Mellon Corp. | 305030 | 12844813 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;90414 | &nbsp;&nbsp;&nbsp;2556908 |
| The Charles Schwab Corp. *(c)* | 630137 | 50203015 |
| The Goldman Sachs Group, Inc. | 141606 | 48784683 |
| TPG RE Finance Trust, Inc. | &nbsp;&nbsp;22683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192125 |
| TPG, Inc. | &nbsp;&nbsp;21577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663493 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;44943 | &nbsp;&nbsp;&nbsp;&nbsp;2475460 |
| Two Harbors Investment Corp. | 141244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502829 |
| U.S. Global Investors, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18079 |
| Upstart Holdings, Inc. *\*(a)* | &nbsp;&nbsp;28886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669577 |
| Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;11391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329428 |
| Virtu Financial, Inc., Class A | &nbsp;&nbsp;39712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888755 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497149 |
| Voya Financial, Inc. | &nbsp;&nbsp;40236 | &nbsp;&nbsp;&nbsp;&nbsp;2750533 |
| Western Asset Mortgage Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24892 |
| Westwood Holdings Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26848 |
| WisdomTree Investments, Inc. | &nbsp;&nbsp;44670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242558 |
| World Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109566 |
|  |  | **862002342** |
| &nbsp;&nbsp;**Energy 5.3%** | &nbsp;&nbsp;**Energy 5.3%** | &nbsp;&nbsp;**Energy 5.3%** |
| Adams Resources & Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47871 |
| Aemetis, Inc. \* | &nbsp;&nbsp;14199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105073 |
| Alto Ingredients, Inc. \* | &nbsp;&nbsp;33727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139293 |
| American Resources Corp. \* | &nbsp;&nbsp;17208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34244 |
| Amplify Energy Corp. \* | &nbsp;&nbsp;12340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122043 |
| Antero Midstream Corp. | 139563 | &nbsp;&nbsp;&nbsp;&nbsp;1486346 |
| Antero Resources Corp. \* | 116604 | &nbsp;&nbsp;&nbsp;&nbsp;4274703 |
| APA Corp. | 135714 | &nbsp;&nbsp;&nbsp;&nbsp;6169558 |
| Arch Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7593 | &nbsp;&nbsp;&nbsp;&nbsp;1156338 |
| Archaea Energy, Inc. \* | &nbsp;&nbsp;30634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790664 |
| Archrock, Inc. | &nbsp;&nbsp;54444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408874 |
| Baker Hughes Co. | 421603 | &nbsp;&nbsp;&nbsp;&nbsp;11661539 |
| Berry Corp. | &nbsp;&nbsp;27783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246435 |
| Brigham Minerals, Inc., Class A | &nbsp;&nbsp;23841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739071 |
| Bristow Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291226 |
| Cactus, Inc., Class A | &nbsp;&nbsp;24986 | &nbsp;&nbsp;&nbsp;&nbsp;1292276 |
| California Resources Corp. | &nbsp;&nbsp;31519 | &nbsp;&nbsp;&nbsp;&nbsp;1421822 |
| Callon Petroleum Co. \* | &nbsp;&nbsp;21006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923424 |
| Camber Energy, Inc. \* | 150141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21380 |
| Centrus Energy Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226568 |
| ChampionX Corp. | &nbsp;&nbsp;83380 | &nbsp;&nbsp;&nbsp;&nbsp;2386336 |
| Cheniere Energy, Inc. | 103479 | &nbsp;&nbsp;&nbsp;&nbsp;18254730 |
| Chesapeake Energy Corp. | &nbsp;&nbsp;40163 | &nbsp;&nbsp;&nbsp;&nbsp;4107470 |
| Chevron Corp. | 746738 | &nbsp;&nbsp;135084904 |
| Chord Energy Corp. | &nbsp;&nbsp;17391 | &nbsp;&nbsp;&nbsp;&nbsp;2662388 |
| Civitas Resources, Inc. | &nbsp;&nbsp;21319 | &nbsp;&nbsp;&nbsp;&nbsp;1490411 |
| Clean Energy Fuels Corp. \* | &nbsp;&nbsp;70975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476242 |
| CNX Resources Corp. \* | &nbsp;&nbsp;77783 | &nbsp;&nbsp;&nbsp;&nbsp;1307532 |
| Comstock Resources, Inc. \* | &nbsp;&nbsp;36308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681864 |
| ConocoPhillips | 527919 | &nbsp;&nbsp;&nbsp;&nbsp;66565307 |
| CONSOL Energy, Inc. | &nbsp;&nbsp;13692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862870 |
| Continental Resources, Inc. | &nbsp;&nbsp;22240 | &nbsp;&nbsp;&nbsp;&nbsp;1645093 |
| Core Laboratories N.V. | &nbsp;&nbsp;19266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374916 |
| Coterra Energy, Inc. | 330467 | &nbsp;&nbsp;&nbsp;&nbsp;10287438 |
| Crescent Energy Co., Class A | &nbsp;&nbsp;16190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223098 |
| CVR Energy, Inc. | &nbsp;&nbsp;11947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466650 |
| Delek US Holdings, Inc. | &nbsp;&nbsp;29062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;861979 |
| Denbury, Inc. \* | &nbsp;&nbsp;20566 | &nbsp;&nbsp;&nbsp;&nbsp;1879938 |
| Devon Energy Corp. | 271674 | &nbsp;&nbsp;&nbsp;&nbsp;21013984 |
| Diamond Offshore Drilling, Inc. \* | &nbsp;&nbsp;43981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433213 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;73887 | &nbsp;&nbsp;&nbsp;&nbsp;11608387 |
| DMC Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156284 |
| Dorian LPG Ltd. | &nbsp;&nbsp;14057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254010 |
| Dril-Quip, Inc. \* | &nbsp;&nbsp;13780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342846 |
| DTE Midstream LLC \* | &nbsp;&nbsp;40074 | &nbsp;&nbsp;&nbsp;&nbsp;2392418 |
| Earthstone Energy, Inc., Class A \* | &nbsp;&nbsp;15789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255150 |
| Ecoark Holdings, Inc. \* | &nbsp;&nbsp;10671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8110 |
| Empire Petroleum Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58640 |
| Enviva, Inc. | &nbsp;&nbsp;12691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759429 |
| EOG Resources, Inc. | 243278 | &nbsp;&nbsp;&nbsp;&nbsp;33212313 |
| Epsilon Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37812 |

---

<sub>87</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| EQT Corp. | &nbsp;&nbsp;&nbsp;152990 | &nbsp;&nbsp;&nbsp;&nbsp;6401102 |
| Equitrans Midstream Corp. | &nbsp;&nbsp;&nbsp;180517 | &nbsp;&nbsp;&nbsp;&nbsp;1519953 |
| Evolution Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87074 |
| Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197593 |
| Expro Group Holdings N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;29238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553475 |
| Exxon Mobil Corp. | 1728262 | 191508712 |
| Forum Energy Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37685 |
| Geospace Technologies Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33706 |
| Gevo, Inc. \* | &nbsp;&nbsp;&nbsp;101823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229102 |
| Green Plains, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700900 |
| Gulf Island Fabrication, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28473 |
| Gulfport Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440389 |
| Hallador Energy Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;10747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83719 |
| Halliburton Co. | &nbsp;&nbsp;&nbsp;375729 | &nbsp;&nbsp;&nbsp;13684050 |
| Helix Energy Solutions Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;60683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424781 |
| Helmerich & Payne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44341 | &nbsp;&nbsp;&nbsp;&nbsp;2195323 |
| Hess Corp. | &nbsp;&nbsp;&nbsp;115828 | &nbsp;&nbsp;&nbsp;16341014 |
| HF Sinclair Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60395 | &nbsp;&nbsp;&nbsp;&nbsp;3694362 |
| HighPeak Energy, Inc. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128423 |
| Houston American Energy Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15648 |
| Independence Contract Drilling, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31467 |
| International Seaways, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711046 |
| Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp;824023 | &nbsp;&nbsp;&nbsp;14931297 |
| Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284530 |
| KLX Energy Services Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66038 |
| Kosmos Energy Ltd. \* | &nbsp;&nbsp;&nbsp;187969 | &nbsp;&nbsp;&nbsp;&nbsp;1219919 |
| Laredo Petroleum, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453261 |
| Liberty Energy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;64955 | &nbsp;&nbsp;&nbsp;&nbsp;1098389 |
| Lightbridge Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28922 |
| Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;71593 | &nbsp;&nbsp;&nbsp;&nbsp;1838508 |
| Mammoth Energy Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62716 |
| Marathon Oil Corp. | &nbsp;&nbsp;&nbsp;281610 | &nbsp;&nbsp;&nbsp;&nbsp;8575025 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;206653 | &nbsp;&nbsp;&nbsp;23479914 |
| Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;46490 | &nbsp;&nbsp;&nbsp;&nbsp;3089261 |
| Murphy Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;61048 | &nbsp;&nbsp;&nbsp;&nbsp;2961438 |
| Nabors Industries Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;653135 |
| NACCO Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111197 |
| Natural Gas Services Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48450 |
| New Fortress Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19464 | &nbsp;&nbsp;&nbsp;&nbsp;1071882 |
| Newpark Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;39958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146246 |
| NextDecade Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;17851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124957 |
| NexTier Oilfield Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;64762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652801 |
| Nine Energy Service, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34111 |
| Noble Corp. plc \* | &nbsp;&nbsp;&nbsp;&nbsp;41470 | &nbsp;&nbsp;&nbsp;&nbsp;1494579 |
| Northern Oil and Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970293 |
| NOV, Inc. | &nbsp;&nbsp;&nbsp;164826 | &nbsp;&nbsp;&nbsp;&nbsp;3692102 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;&nbsp;309126 | &nbsp;&nbsp;&nbsp;22442548 |
| Oceaneering International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583579 |
| Oil States International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152213 |
| ONEOK, Inc. | &nbsp;&nbsp;&nbsp;185781 | &nbsp;&nbsp;&nbsp;11020529 |
| Overseas Shipholding Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;21455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62649 |
| Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;105402 | &nbsp;&nbsp;&nbsp;&nbsp;5338611 |
| Par Pacific Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533653 |
| Patterson-UTI Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88058 | &nbsp;&nbsp;&nbsp;&nbsp;1554224 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;44934 | &nbsp;&nbsp;&nbsp;&nbsp;1988330 |
| PDC Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39732 | &nbsp;&nbsp;&nbsp;&nbsp;2866266 |
| Peabody Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;47994 | &nbsp;&nbsp;&nbsp;&nbsp;1147057 |
| Permian Resources Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;84244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823064 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;199602 | &nbsp;&nbsp;&nbsp;20816493 |
| PHX Minerals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74856 |
| Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;99046 | &nbsp;&nbsp;&nbsp;25396386 |
| ProFrac Holding Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;10021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219560 |
| ProPetro Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;34664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410422 |
| Range Resources Corp. | &nbsp;&nbsp;&nbsp;103388 | &nbsp;&nbsp;&nbsp;&nbsp;2944490 |
| Ranger Energy Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53288 |
| Ranger Oil Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308795 |
| REX American Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184439 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Riley Exploration Permian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52210 |
| Ring Energy, Inc. \* | &nbsp;&nbsp;39328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125456 |
| RPC, Inc. | &nbsp;&nbsp;36343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404498 |
| SandRidge Energy, Inc. \* | &nbsp;&nbsp;12685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239620 |
| Schlumberger N.V. | 587733 | &nbsp;&nbsp;&nbsp;&nbsp;30579748 |
| SEACOR Marine Holdings, Inc. \* | &nbsp;&nbsp;10252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79658 |
| Select Energy Services, Inc., Class A | &nbsp;&nbsp;29810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287667 |
| SilverBow Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203988 |
| Sitio Royalties Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;6118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173506 |
| SM Energy Co. | &nbsp;&nbsp;50733 | &nbsp;&nbsp;&nbsp;&nbsp;2281970 |
| Smart Sand, Inc. \* | &nbsp;&nbsp;17439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43249 |
| Solaris Oilfield Infrastructure, Inc., Class A | &nbsp;&nbsp;12245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166777 |
| Southwestern Energy Co. \* | 460192 | &nbsp;&nbsp;&nbsp;&nbsp;3189131 |
| Talos Energy, Inc. \* | &nbsp;&nbsp;27180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578390 |
| Targa Resources Corp. | &nbsp;&nbsp;93679 | &nbsp;&nbsp;&nbsp;&nbsp;6404833 |
| TechnipFMC plc \* | 186408 | &nbsp;&nbsp;&nbsp;&nbsp;1974061 |
| Tellurian, Inc. \* | 211754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571736 |
| TETRA Technologies, Inc. \* | &nbsp;&nbsp;48014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237189 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2567 | &nbsp;&nbsp;&nbsp;&nbsp;5914034 |
| The Williams Cos., Inc. | 505473 | &nbsp;&nbsp;&nbsp;&nbsp;16544131 |
| Tidewater, Inc. \* | &nbsp;&nbsp;19756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669728 |
| Transocean Ltd. \* | 273705 | &nbsp;&nbsp;&nbsp;&nbsp;1007234 |
| U.S. Well Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35687 |
| Uranium Energy Corp. \* | 134408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565858 |
| US Silica Holdings, Inc. \* | &nbsp;&nbsp;30626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440708 |
| VAALCO Energy, Inc. | &nbsp;&nbsp;43433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223680 |
| Valaris Ltd. \* | &nbsp;&nbsp;24762 | &nbsp;&nbsp;&nbsp;&nbsp;1657321 |
| Valero Energy Corp. | 163470 | &nbsp;&nbsp;&nbsp;&nbsp;20523658 |
| Vertex Energy, Inc. \* | &nbsp;&nbsp;25874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220705 |
| W&T Offshore, Inc. \* | &nbsp;&nbsp;41992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318719 |
| Weatherford International plc \* | &nbsp;&nbsp;26737 | &nbsp;&nbsp;&nbsp;&nbsp;1114398 |
| World Fuel Services Corp. | &nbsp;&nbsp;25958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661669 |
|  |  | **854260147** |
| &nbsp;&nbsp;**Food & Staples Retailing 1.5%** | &nbsp;&nbsp;**Food & Staples Retailing 1.5%** | &nbsp;&nbsp;**Food & Staples Retailing 1.5%** |
| Albertsons Cos., Inc., Class A | &nbsp;&nbsp;67384 | &nbsp;&nbsp;&nbsp;&nbsp;1382046 |
| BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp;56257 | &nbsp;&nbsp;&nbsp;&nbsp;4354292 |
| Blue Apron Holdings, Inc., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;9121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21982 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;15340 | &nbsp;&nbsp;&nbsp;&nbsp;3569771 |
| Costco Wholesale Corp. | 183715 | &nbsp;&nbsp;&nbsp;&nbsp;92133072 |
| Grocery Outlet Holding Corp. \* | &nbsp;&nbsp;35880 | &nbsp;&nbsp;&nbsp;&nbsp;1240372 |
| HF Foods Group, Inc. \* | &nbsp;&nbsp;16494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76367 |
| Ingles Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542344 |
| MedAvail Holdings, Inc. \* | &nbsp;&nbsp;11882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7999 |
| Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51198 |
| Performance Food Group Co. \* | &nbsp;&nbsp;65042 | &nbsp;&nbsp;&nbsp;&nbsp;3384786 |
| PriceSmart, Inc. | &nbsp;&nbsp;10189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651790 |
| Rite Aid Corp. \* | &nbsp;&nbsp;22587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117904 |
| SpartanNash Co. | &nbsp;&nbsp;15368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548791 |
| Sprouts Farmers Market, Inc. \* | &nbsp;&nbsp;44312 | &nbsp;&nbsp;&nbsp;&nbsp;1307204 |
| Sysco Corp. | 211330 | &nbsp;&nbsp;&nbsp;&nbsp;18292725 |
| The Andersons, Inc. | &nbsp;&nbsp;12958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457029 |
| The Chefs' Warehouse, Inc. \* | &nbsp;&nbsp;13517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495128 |
| The Kroger Co. | 270504 | &nbsp;&nbsp;&nbsp;&nbsp;12792134 |
| U.S. Foods Holding Corp. \* | &nbsp;&nbsp;85985 | &nbsp;&nbsp;&nbsp;&nbsp;2558914 |
| United Natural Foods, Inc. \* | &nbsp;&nbsp;24168 | &nbsp;&nbsp;&nbsp;&nbsp;1024965 |
| Village Super Market, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38386 |
| Walgreens Boots Alliance, Inc. | 296856 | &nbsp;&nbsp;&nbsp;&nbsp;10835244 |
| Walmart, Inc. | 591153 | &nbsp;&nbsp;&nbsp;&nbsp;84138806 |
| Weis Markets, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;658219 |
|  |  | **240681468** |

---

<sub>88</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 3.4%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 3.4%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 3.4%** |
| 22nd Century Group, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;102448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134207 |
| Alico, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67762 |
| Altria Group, Inc. | &nbsp;&nbsp;&nbsp;747810 | &nbsp;&nbsp;&nbsp;34601169 |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp;&nbsp;232170 | &nbsp;&nbsp;&nbsp;22515847 |
| B&G Foods, Inc. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;28943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474086 |
| Benson Hill, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176578 |
| Beyond Meat, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;25353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398042 |
| Brookfield Realty Capital Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;13382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97020 |
| Brown-Forman Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;23351 | &nbsp;&nbsp;&nbsp;&nbsp;1605848 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;76027 | &nbsp;&nbsp;&nbsp;&nbsp;5169836 |
| Bunge Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;63178 | &nbsp;&nbsp;&nbsp;&nbsp;6235669 |
| Calavo Growers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252196 |
| Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901165 |
| Campbell Soup Co. | &nbsp;&nbsp;&nbsp;&nbsp;83276 | &nbsp;&nbsp;&nbsp;&nbsp;4406133 |
| Celsius Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16505 | &nbsp;&nbsp;&nbsp;&nbsp;1503275 |
| Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920936 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;199657 | &nbsp;&nbsp;&nbsp;&nbsp;7327412 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;66173 | &nbsp;&nbsp;&nbsp;16350025 |
| Darling Ingredients, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;66349 | &nbsp;&nbsp;&nbsp;&nbsp;5207070 |
| Farmer Brothers Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;11781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70686 |
| Flowers Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80856 | &nbsp;&nbsp;&nbsp;&nbsp;2321376 |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324592 |
| Freshpet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20176 | &nbsp;&nbsp;&nbsp;&nbsp;1189375 |
| General Mills, Inc. | &nbsp;&nbsp;&nbsp;246969 | &nbsp;&nbsp;&nbsp;20147731 |
| Hormel Foods Corp. | &nbsp;&nbsp;&nbsp;120067 | &nbsp;&nbsp;&nbsp;&nbsp;5577112 |
| Hostess Brands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;55868 | &nbsp;&nbsp;&nbsp;&nbsp;1479385 |
| Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27042 | &nbsp;&nbsp;&nbsp;&nbsp;2409983 |
| J&J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918429 |
| John B. Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299942 |
| Kellogg Co. | &nbsp;&nbsp;&nbsp;105909 | &nbsp;&nbsp;&nbsp;&nbsp;8135929 |
| Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp;352039 | &nbsp;&nbsp;&nbsp;13673195 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59490 | &nbsp;&nbsp;&nbsp;&nbsp;5129228 |
| Lancaster Colony Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8128 | &nbsp;&nbsp;&nbsp;&nbsp;1465316 |
| Landec Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;10427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103749 |
| Limoneira Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86206 |
| Local Bounti Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;14734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43613 |
| McCormick & Co., Inc. - Non Voting Shares | &nbsp;&nbsp;&nbsp;103888 | &nbsp;&nbsp;&nbsp;&nbsp;8169752 |
| MGP Ingredients, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717904 |
| Mission Produce, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304579 |
| Molson Coors Beverage Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;77910 | &nbsp;&nbsp;&nbsp;&nbsp;3929001 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;567856 | &nbsp;&nbsp;&nbsp;34911787 |
| Monster Beverage Corp. \* | &nbsp;&nbsp;&nbsp;159402 | &nbsp;&nbsp;&nbsp;14939155 |
| National Beverage Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441338 |
| PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;572189 | 103898079 |
| Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;642971 | &nbsp;&nbsp;&nbsp;59056886 |
| Pilgrim's Pride Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;19708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454269 |
| Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22299 | &nbsp;&nbsp;&nbsp;&nbsp;2016276 |
| Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408355 |
| Seneca Foods Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164843 |
| Sovos Brands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245724 |
| Tattooed Chef, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;17444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82859 |
| The Alkaline Water Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;39797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11947 |
| The Boston Beer Co., Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4062 | &nbsp;&nbsp;&nbsp;&nbsp;1516304 |
| The Coca-Cola Co. | 1613639 | &nbsp;&nbsp;&nbsp;96576294 |
| The Duckhorn Portfolio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278453 |
| The Hain Celestial Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719007 |
| The Hershey Co. | &nbsp;&nbsp;&nbsp;&nbsp;60847 | &nbsp;&nbsp;&nbsp;14528438 |
| The JM Smucker Co. | &nbsp;&nbsp;&nbsp;&nbsp;44286 | &nbsp;&nbsp;&nbsp;&nbsp;6672129 |
| The Kraft Heinz Co. | &nbsp;&nbsp;&nbsp;330987 | &nbsp;&nbsp;&nbsp;12733070 |
| The Real Good Food Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23428 |
| The Simply Good Foods Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;36405 | &nbsp;&nbsp;&nbsp;&nbsp;1394311 |
| The Vita Coco Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106519 |
| Tootsie Roll Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275419 |
| TreeHouse Foods, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21142 | &nbsp;&nbsp;&nbsp;&nbsp;1062174 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Turning Point Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141761 |
| Tyson Foods, Inc., Class A | 120072 | &nbsp;&nbsp;&nbsp;&nbsp;8206921 |
| Universal Corp. | &nbsp;&nbsp;10446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528672 |
| Utz Brands, Inc. | &nbsp;&nbsp;27580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447072 |
| Vector Group Ltd. | &nbsp;&nbsp;53886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572269 |
| Vintage Wine Estates, Inc. \* | &nbsp;&nbsp;13866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38409 |
| Vital Farms, Inc. \* | &nbsp;&nbsp;11214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148473 |
| Whole Earth Brands, Inc. \* | &nbsp;&nbsp;12768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44050 |
| Zevia PBC, Class A \* | &nbsp;&nbsp;20011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93852 |
|  |  | **547579902** |
| &nbsp;&nbsp;**Health Care Equipment & Services 6.3%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.3%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.3%** |
| 1Life Healthcare, Inc. \* | &nbsp;&nbsp;69236 | &nbsp;&nbsp;&nbsp;&nbsp;1183936 |
| 23andMe Holding Co., Class A \* | 110987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348499 |
| Abbott Laboratories | 726047 | &nbsp;&nbsp;&nbsp;&nbsp;71835090 |
| ABIOMED, Inc. \* | &nbsp;&nbsp;18845 | &nbsp;&nbsp;&nbsp;&nbsp;4750448 |
| Acadia Healthcare Co., Inc. \* | &nbsp;&nbsp;37945 | &nbsp;&nbsp;&nbsp;&nbsp;3084928 |
| Accelerate Diagnostics, Inc. \* | &nbsp;&nbsp;30507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38744 |
| Accolade, Inc. \* | &nbsp;&nbsp;24013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258860 |
| Accuray, Inc. \* | &nbsp;&nbsp;36635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74735 |
| AdaptHealth Corp. \* | &nbsp;&nbsp;32243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735140 |
| Addus HomeCare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683346 |
| Agiliti, Inc. \* | &nbsp;&nbsp;12735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222480 |
| agilon health, Inc. \* | &nbsp;&nbsp;81447 | &nbsp;&nbsp;&nbsp;&nbsp;1616723 |
| AirSculpt Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28761 |
| Akumin, Inc. \* | &nbsp;&nbsp;29384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51422 |
| Align Technology, Inc. \* | &nbsp;&nbsp;30210 | &nbsp;&nbsp;&nbsp;&nbsp;5869803 |
| Alignment Healthcare, Inc. \* | &nbsp;&nbsp;34645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458700 |
| Allscripts Healthcare Solutions, Inc. \* | &nbsp;&nbsp;45635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670834 |
| Alphatec Holdings, Inc. \* | &nbsp;&nbsp;27056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277053 |
| Amedisys, Inc. \* | &nbsp;&nbsp;13354 | &nbsp;&nbsp;&nbsp;&nbsp;1303217 |
| American Well Corp., Class A \* | 105430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431209 |
| AmerisourceBergen Corp. | &nbsp;&nbsp;64506 | &nbsp;&nbsp;&nbsp;&nbsp;10141633 |
| AMN Healthcare Services, Inc. \* | &nbsp;&nbsp;17777 | &nbsp;&nbsp;&nbsp;&nbsp;2231013 |
| AngioDynamics, Inc. \* | &nbsp;&nbsp;16851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237431 |
| Apollo Endosurgery, Inc. \* | &nbsp;&nbsp;17198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110755 |
| Apollo Medical Holdings, Inc. \* | &nbsp;&nbsp;16232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575587 |
| Apyx Medical Corp. \* | &nbsp;&nbsp;12488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62440 |
| Artivion, Inc. \* | &nbsp;&nbsp;17724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197800 |
| Asensus Surgical, Inc. \* | 139946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58777 |
| ATI Physical Therapy, Inc. \* | &nbsp;&nbsp;22162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24157 |
| AtriCure, Inc. \* | &nbsp;&nbsp;19289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812453 |
| Atrion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337974 |
| Avanos Medical, Inc. \* | &nbsp;&nbsp;18588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411724 |
| AxoGen, Inc. \* | &nbsp;&nbsp;16795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191799 |
| Axonics, Inc. \* | &nbsp;&nbsp;20371 | &nbsp;&nbsp;&nbsp;&nbsp;1489935 |
| Baxter International, Inc. | 209357 | &nbsp;&nbsp;&nbsp;&nbsp;11378553 |
| Becton, Dickinson & Co. | 118270 | &nbsp;&nbsp;&nbsp;&nbsp;27908172 |
| Beyond Air, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;8697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59053 |
| Biotricity, Inc. \* | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20640 |
| Bioventus, Inc., Class A \* | &nbsp;&nbsp;16149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131453 |
| Boston Scientific Corp. \* | 593570 | &nbsp;&nbsp;&nbsp;&nbsp;25588803 |
| Brookdale Senior Living, Inc. \* | &nbsp;&nbsp;79540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355544 |
| Butterfly Network, Inc. \* | &nbsp;&nbsp;62200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304780 |
| Cano Health, Inc. \* | &nbsp;&nbsp;71119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254606 |
| Cardinal Health, Inc. | 113258 | &nbsp;&nbsp;&nbsp;&nbsp;8596282 |
| Cardiovascular Systems, Inc. \* | &nbsp;&nbsp;15854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228932 |
| CareMax, Inc. \* | &nbsp;&nbsp;30662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215860 |
| Castle Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249611 |
| Centene Corp. \* | 237294 | &nbsp;&nbsp;&nbsp;&nbsp;20200838 |
| Certara, Inc. \* | &nbsp;&nbsp;44147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539918 |
| Cerus Corp. \* | &nbsp;&nbsp;76254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279090 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6207 | &nbsp;&nbsp;&nbsp;&nbsp;2897862 |
| Cigna Corp. | 126542 | &nbsp;&nbsp;&nbsp;&nbsp;40880658 |
| ClearPoint Neuro, Inc. \* | &nbsp;&nbsp;10369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103794 |
| Clover Health Investments Corp. \* | 144282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227966 |
| Co-Diagnostics, Inc. \* | &nbsp;&nbsp;11070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38413 |

---

<sub>89</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Community Health Systems, Inc. \* | &nbsp;&nbsp;51561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147980 |
| Computer Programs & Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211210 |
| Conformis, Inc. \* | &nbsp;&nbsp;77113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10410 |
| CONMED Corp. | &nbsp;&nbsp;12630 | &nbsp;&nbsp;&nbsp;1006990 |
| CorVel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709716 |
| Cross Country Healthcare, Inc. \* | &nbsp;&nbsp;14884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552047 |
| Cue Health, Inc. \* | &nbsp;&nbsp;41972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166629 |
| Cutera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318756 |
| CVRx, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67687 |
| CVS Health Corp. | 544447 | 51559131 |
| CytoSorbents Corp. \* | &nbsp;&nbsp;15994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29909 |
| DarioHealth Corp. \* | &nbsp;&nbsp;10290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45585 |
| DaVita, Inc. \* | &nbsp;&nbsp;23146 | &nbsp;&nbsp;&nbsp;1689889 |
| Definitive Healthcare Corp. \* | &nbsp;&nbsp;15392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242886 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;89188 | &nbsp;&nbsp;&nbsp;2748774 |
| DexCom, Inc. \* | 162636 | 19643176 |
| DocGo, Inc. \* | &nbsp;&nbsp;34222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338798 |
| Doximity, Inc., Class A \* | &nbsp;&nbsp;47525 | &nbsp;&nbsp;&nbsp;1257987 |
| Edwards Lifesciences Corp. \* | 257324 | 18637977 |
| ElectroCore, Inc. \* | &nbsp;&nbsp;45528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11851 |
| Electromed, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62021 |
| Elevance Health, Inc. | &nbsp;&nbsp;99544 | 54427673 |
| Embecta Corp. | &nbsp;&nbsp;23706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732989 |
| Encompass Health Corp. | &nbsp;&nbsp;42092 | &nbsp;&nbsp;&nbsp;2291488 |
| Enhabit, Inc. \* | &nbsp;&nbsp;20321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252387 |
| Enovis Corp. \* | &nbsp;&nbsp;20745 | &nbsp;&nbsp;&nbsp;1025840 |
| Envista Holdings Corp. \* | &nbsp;&nbsp;67994 | &nbsp;&nbsp;&nbsp;2244482 |
| Enzo Biochem, Inc. \* | &nbsp;&nbsp;13471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28828 |
| Evolent Health, Inc., Class A \* | &nbsp;&nbsp;35218 | &nbsp;&nbsp;&nbsp;1120285 |
| Figs, Inc., Class A \* | &nbsp;&nbsp;52953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390793 |
| FONAR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66815 |
| Forian, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28925 |
| Fulgent Genetics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321796 |
| Glaukos Corp. \* | &nbsp;&nbsp;20229 | &nbsp;&nbsp;&nbsp;1134240 |
| Globus Medical, Inc., Class A \* | &nbsp;&nbsp;32276 | &nbsp;&nbsp;&nbsp;2162492 |
| GoodRx Holdings, Inc., Class A \* | &nbsp;&nbsp;28804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154677 |
| Guardant Health, Inc. \* | &nbsp;&nbsp;42720 | &nbsp;&nbsp;&nbsp;2114640 |
| Haemonetics Corp. \* | &nbsp;&nbsp;21648 | &nbsp;&nbsp;&nbsp;1838998 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;89387 | 19438991 |
| Health Catalyst, Inc. \* | &nbsp;&nbsp;21299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187857 |
| HealthEquity, Inc. \* | &nbsp;&nbsp;34744 | &nbsp;&nbsp;&nbsp;2706905 |
| HealthStream, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236478 |
| Henry Schein, Inc. \* | &nbsp;&nbsp;56667 | &nbsp;&nbsp;&nbsp;3879423 |
| Heska Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287471 |
| Hims & Hers Health, Inc. \* | &nbsp;&nbsp;47200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214288 |
| Hologic, Inc. \* | 103945 | &nbsp;&nbsp;&nbsp;7047471 |
| Humana, Inc. | &nbsp;&nbsp;52497 | 29297526 |
| Hyperfine, Inc. *\*(a)* | &nbsp;&nbsp;36085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32837 |
| ICAD, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17857 |
| ICU Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8234 | &nbsp;&nbsp;&nbsp;1222008 |
| IDEXX Laboratories, Inc. \* | &nbsp;&nbsp;34576 | 12436296 |
| Inari Medical, Inc. \* | &nbsp;&nbsp;20488 | &nbsp;&nbsp;&nbsp;1576142 |
| InfuSystem Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54593 |
| Innovage Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;7015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43423 |
| Inogen, Inc. \* | &nbsp;&nbsp;10293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233239 |
| Inspire Medical Systems, Inc. \* | &nbsp;&nbsp;11682 | &nbsp;&nbsp;&nbsp;2277406 |
| Insulet Corp. \* | &nbsp;&nbsp;28716 | &nbsp;&nbsp;&nbsp;7431988 |
| Integer Holdings Corp. \* | &nbsp;&nbsp;13515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842390 |
| Integra LifeSciences Holdings Corp. \* | &nbsp;&nbsp;30669 | &nbsp;&nbsp;&nbsp;1541117 |
| Intuitive Surgical, Inc. \* | 148289 | 36548790 |
| Invacare Corp. *\*(a)* | &nbsp;&nbsp;20165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14968 |
| Invitae Corp. *\*(a)* | &nbsp;&nbsp;83900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216462 |
| iRadimed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95226 |
| iRhythm Technologies, Inc. \* | &nbsp;&nbsp;12579 | &nbsp;&nbsp;&nbsp;1603697 |
| KORU Medical Systems, Inc. \* | &nbsp;&nbsp;21377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51305 |
| Laboratory Corp. of America Holdings | &nbsp;&nbsp;37538 | &nbsp;&nbsp;&nbsp;8328181 |
| Lantheus Holdings, Inc. \* | &nbsp;&nbsp;28271 | &nbsp;&nbsp;&nbsp;2091771 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334744 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| LENSAR, Inc. \* | &nbsp;&nbsp;12582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59890 |
| LHC Group, Inc. \* | &nbsp;&nbsp;12819 | &nbsp;&nbsp;&nbsp;2142055 |
| LifeStance Health Group, Inc. *\*(a)* | &nbsp;&nbsp;40123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302929 |
| LivaNova plc \* | &nbsp;&nbsp;23087 | &nbsp;&nbsp;&nbsp;1087398 |
| Masimo Corp. \* | &nbsp;&nbsp;19984 | &nbsp;&nbsp;&nbsp;2629894 |
| McKesson Corp. | &nbsp;&nbsp;59520 | 23175302 |
| Medtronic plc | 551135 | 48136131 |
| Meridian Bioscience, Inc. \* | &nbsp;&nbsp;18440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589527 |
| Merit Medical Systems, Inc. \* | &nbsp;&nbsp;23844 | &nbsp;&nbsp;&nbsp;1639752 |
| Mesa Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293771 |
| ModivCare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524513 |
| Molina Healthcare, Inc. \* | &nbsp;&nbsp;24039 | &nbsp;&nbsp;&nbsp;8626635 |
| Multiplan Corp. \* | &nbsp;&nbsp;95617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274421 |
| National HealthCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345538 |
| National Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218150 |
| Neogen Corp. \* | &nbsp;&nbsp;88945 | &nbsp;&nbsp;&nbsp;1174074 |
| Neuronetics, Inc. \* | &nbsp;&nbsp;13837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46077 |
| NeuroPace, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13068 |
| Nevro Corp. \* | &nbsp;&nbsp;14202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544505 |
| NextGen Healthcare, Inc. \* | &nbsp;&nbsp;22354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447974 |
| Novocure Ltd. \* | &nbsp;&nbsp;37428 | &nbsp;&nbsp;&nbsp;2644662 |
| NuVasive, Inc. \* | &nbsp;&nbsp;22656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999809 |
| Oak Street Health, Inc. \* | &nbsp;&nbsp;47938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969786 |
| Omnicell, Inc. \* | &nbsp;&nbsp;18125 | &nbsp;&nbsp;&nbsp;1401425 |
| OPKO Health, Inc. \* | 159773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303569 |
| OptimizeRx Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106132 |
| Option Care Health, Inc. \* | &nbsp;&nbsp;63723 | &nbsp;&nbsp;&nbsp;1928258 |
| OraSure Technologies, Inc. \* | &nbsp;&nbsp;30500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132980 |
| Orthofix Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123694 |
| OrthoPediatrics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241641 |
| Outset Medical, Inc. \* | &nbsp;&nbsp;20864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324227 |
| Owens & Minor, Inc. | &nbsp;&nbsp;31113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528921 |
| Owlet, Inc. \* | &nbsp;&nbsp;28926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27697 |
| P3 Health Partners, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;8952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44312 |
| Paragon 28, Inc. *\*(a)* | &nbsp;&nbsp;11248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224623 |
| Patterson Cos., Inc. | &nbsp;&nbsp;37626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977147 |
| PAVmed, Inc. *\*(a)* | &nbsp;&nbsp;28787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35696 |
| Pear Therapeutics, Inc. \* | &nbsp;&nbsp;19890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54697 |
| Pediatrix Medical Group, Inc. \* | &nbsp;&nbsp;35753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693608 |
| Penumbra, Inc. \* | &nbsp;&nbsp;15882 | &nbsp;&nbsp;&nbsp;2723286 |
| PetIQ, Inc. \* | &nbsp;&nbsp;11858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97473 |
| Phreesia, Inc. \* | &nbsp;&nbsp;22302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609291 |
| Premier, Inc., Class A | &nbsp;&nbsp;49475 | &nbsp;&nbsp;&nbsp;1725688 |
| Privia Health Group, Inc. \* | &nbsp;&nbsp;20312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680046 |
| PROCEPT BioRobotics Corp. \* | &nbsp;&nbsp;13654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620301 |
| Progyny, Inc. \* | &nbsp;&nbsp;31229 | &nbsp;&nbsp;&nbsp;1388754 |
| Pulmonx Corp. \* | &nbsp;&nbsp;15144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202324 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;48224 | &nbsp;&nbsp;&nbsp;6927378 |
| QuidelOrtho Corp. \* | &nbsp;&nbsp;22384 | &nbsp;&nbsp;&nbsp;2010531 |
| R1 RCM, Inc. \* | &nbsp;&nbsp;57448 | &nbsp;&nbsp;&nbsp;1014532 |
| RadNet, Inc. \* | &nbsp;&nbsp;20892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399455 |
| ResMed, Inc. | &nbsp;&nbsp;60664 | 13569930 |
| RxSight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87130 |
| Sanara Medtech, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48925 |
| Schrodinger, Inc. \* | &nbsp;&nbsp;22939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549848 |
| SeaSpine Holdings Corp. \* | &nbsp;&nbsp;12552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80709 |
| Select Medical Holdings Corp. | &nbsp;&nbsp;42445 | &nbsp;&nbsp;&nbsp;1089988 |
| Sema4 Holdings Corp. \* | 114403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117835 |
| Semler Scientific, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78685 |
| Senseonics Holdings, Inc. *\*(a)* | 180529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213024 |
| Sensus Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84786 |
| Sharecare, Inc. \* | 125041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240079 |
| Shockwave Medical, Inc. \* | &nbsp;&nbsp;14812 | &nbsp;&nbsp;&nbsp;4342138 |
| SI-BONE, Inc. \* | &nbsp;&nbsp;13781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267903 |
| Sight Sciences, Inc. \* | &nbsp;&nbsp;12978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101618 |
| Signify Health, Inc., Class A \* | &nbsp;&nbsp;28702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838959 |
| Silk Road Medical, Inc. \* | &nbsp;&nbsp;14726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649122 |
| Simulations Plus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261989 |

---

<sub>90</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Sonida Senior Living, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25792 |
| STAAR Surgical Co. \* | &nbsp;&nbsp;19593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1388556 |
| Stereotaxis, Inc. \* | &nbsp;&nbsp;22696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42441 |
| STERIS plc | &nbsp;&nbsp;41466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7156202 |
| Streamline Health Solutions, Inc. \* | &nbsp;&nbsp;29028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52250 |
| Stryker Corp. | 139674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32018868 |
| Surgery Partners, Inc. \* | &nbsp;&nbsp;16249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441810 |
| Surmodics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180020 |
| Tabula Rasa HealthCare, Inc. \* | &nbsp;&nbsp;11729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45978 |
| Tactile Systems Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58352 |
| Talkspace, Inc. \* | &nbsp;&nbsp;38082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27609 |
| Tandem Diabetes Care, Inc. \* | &nbsp;&nbsp;26352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1479665 |
| Teladoc Health, Inc. \* | &nbsp;&nbsp;66992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1985643 |
| Teleflex, Inc. | &nbsp;&nbsp;19464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4176196 |
| Tenet Healthcare Corp. \* | &nbsp;&nbsp;44264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1963551 |
| The Cooper Cos., Inc. | &nbsp;&nbsp;20558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5620352 |
| The Ensign Group, Inc. | &nbsp;&nbsp;22891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2055154 |
| The Joint Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90695 |
| The Oncology Institute, Inc. \* | &nbsp;&nbsp;11011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49990 |
| The Pennant Group, Inc. \* | &nbsp;&nbsp;10680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131471 |
| TransMedics Group, Inc. \* | &nbsp;&nbsp;12993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626522 |
| Treace Medical Concepts, Inc. \* | &nbsp;&nbsp;13697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335303 |
| U.S. Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487778 |
| UFP Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274980 |
| UnitedHealth Group, Inc. | 387904 | &nbsp;&nbsp;&nbsp;&nbsp;215344906 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;27675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3206702 |
| UpHealth, Inc. \* | &nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14974 |
| Utah Medical Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122236 |
| Varex Imaging Corp. \* | &nbsp;&nbsp;17095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377970 |
| Veeva Systems, Inc., Class A \* | &nbsp;&nbsp;58361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9801146 |
| Vicarious Surgical, Inc. \* | &nbsp;&nbsp;13695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53000 |
| ViewRay, Inc. \* | &nbsp;&nbsp;56246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241295 |
| Vivani Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9978 |
| VolitionRX Ltd. \* | &nbsp;&nbsp;15384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30614 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;87099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9872672 |
| Zimvie, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72738 |
| Zomedica Corp. \* | 343967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79044 |
| Zynex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86024 |
|  |  | **1006440533** |
| &nbsp;&nbsp;**Household & Personal Products 1.4%** | &nbsp;&nbsp;**Household & Personal Products 1.4%** | &nbsp;&nbsp;**Household & Personal Products 1.4%** |
| BellRing Brands, Inc. \* | &nbsp;&nbsp;56195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361043 |
| Central Garden & Pet Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;4564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188356 |
| Central Garden & Pet Co., Class A \* | &nbsp;&nbsp;18320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717045 |
| Church & Dwight Co., Inc. | 100400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7442652 |
| Colgate-Palmolive Co. | 345364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25501678 |
| Coty, Inc., Class A \* | 148801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998455 |
| Edgewell Personal Care Co. | &nbsp;&nbsp;22085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865511 |
| elf Beauty, Inc. \* | &nbsp;&nbsp;20376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881466 |
| Energizer Holdings, Inc. | &nbsp;&nbsp;27581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796815 |
| Herbalife Nutrition Ltd. \* | &nbsp;&nbsp;41704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886627 |
| Inter Parfums, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596086 |
| Kimberly-Clark Corp. | 140231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17453150 |
| LifeMD, Inc. \* | &nbsp;&nbsp;20209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44258 |
| Medifast, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553363 |
| Nature's Sunshine Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40191 |
| Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;20689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790113 |
| Oil-Dri Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;2782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82153 |
| Olaplex Holdings, Inc. \* | &nbsp;&nbsp;35606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156666 |
| Reynolds Consumer Products, Inc. | &nbsp;&nbsp;22884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698877 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;16690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770077 |
| The Beauty Health Co. \* | &nbsp;&nbsp;44301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506360 |
| The Clorox Co. | &nbsp;&nbsp;50920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7436357 |
| The Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp;96232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19293554 |
| The Honest Co., Inc. \* | &nbsp;&nbsp;28282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93613 |
| The Procter & Gamble Co. | 990920 | &nbsp;&nbsp;&nbsp;&nbsp;133447196 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Thorne HealthTech, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19391 |
| USANA Health Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252836 |
| Veru, Inc. \* | &nbsp;&nbsp;21463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262707 |
| WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;5696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912271 |
|  |  | **223048867** |
| &nbsp;&nbsp;**Insurance 2.4%** | &nbsp;&nbsp;**Insurance 2.4%** | &nbsp;&nbsp;**Insurance 2.4%** |
| Aflac, Inc. | 238329 | &nbsp;&nbsp;&nbsp;&nbsp;15517601 |
| Ambac Financial Group, Inc. \* | &nbsp;&nbsp;18028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253293 |
| American Equity Investment Life Holding Co. | &nbsp;&nbsp;29803 | &nbsp;&nbsp;&nbsp;&nbsp;1283913 |
| American Financial Group, Inc. | &nbsp;&nbsp;28965 | &nbsp;&nbsp;&nbsp;&nbsp;4203111 |
| American International Group, Inc. | 315092 | &nbsp;&nbsp;&nbsp;&nbsp;17960244 |
| AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473647 |
| Aon plc, Class A | &nbsp;&nbsp;87420 | &nbsp;&nbsp;&nbsp;&nbsp;24607856 |
| Arch Capital Group Ltd. \* | 153054 | &nbsp;&nbsp;&nbsp;&nbsp;8800605 |
| Argo Group International Holdings Ltd. | &nbsp;&nbsp;14607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363276 |
| Arthur J. Gallagher & Co. | &nbsp;&nbsp;87200 | &nbsp;&nbsp;&nbsp;&nbsp;16313376 |
| Assurant, Inc. | &nbsp;&nbsp;22251 | &nbsp;&nbsp;&nbsp;&nbsp;3023021 |
| Assured Guaranty Ltd. | &nbsp;&nbsp;25302 | &nbsp;&nbsp;&nbsp;&nbsp;1497625 |
| Axis Capital Holdings Ltd. | &nbsp;&nbsp;32185 | &nbsp;&nbsp;&nbsp;&nbsp;1759554 |
| Bright Health Group, Inc. *\*(a)* | 113463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116867 |
| Brighthouse Financial, Inc. \* | &nbsp;&nbsp;29618 | &nbsp;&nbsp;&nbsp;&nbsp;1690299 |
| Brown & Brown, Inc. | &nbsp;&nbsp;97385 | &nbsp;&nbsp;&nbsp;&nbsp;5725264 |
| BRP Group, Inc., Class A \* | &nbsp;&nbsp;25134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712549 |
| Chubb Ltd. | 173000 | &nbsp;&nbsp;&nbsp;&nbsp;37175970 |
| Cincinnati Financial Corp. | &nbsp;&nbsp;66448 | &nbsp;&nbsp;&nbsp;&nbsp;6865407 |
| Citizens, Inc. \* | &nbsp;&nbsp;24606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66190 |
| CNA Financial Corp. | &nbsp;&nbsp;10634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443438 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;48193 | &nbsp;&nbsp;&nbsp;&nbsp;1063138 |
| Crawford & Co., Class A | &nbsp;&nbsp;10215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61188 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95262 |
| Employers Holdings, Inc. | &nbsp;&nbsp;11498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501428 |
| Enstar Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;5989 | &nbsp;&nbsp;&nbsp;&nbsp;1200914 |
| Erie Indemnity Co., Class A | &nbsp;&nbsp;10282 | &nbsp;&nbsp;&nbsp;&nbsp;2642577 |
| Everest Re Group Ltd. | &nbsp;&nbsp;16416 | &nbsp;&nbsp;&nbsp;&nbsp;5296786 |
| Fidelity National Financial, Inc. | 115011 | &nbsp;&nbsp;&nbsp;&nbsp;4529133 |
| First American Financial Corp. | &nbsp;&nbsp;42749 | &nbsp;&nbsp;&nbsp;&nbsp;2154550 |
| Genworth Financial, Inc., Class A \* | 212439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992090 |
| Globe Life, Inc. | &nbsp;&nbsp;37580 | &nbsp;&nbsp;&nbsp;&nbsp;4341242 |
| Goosehead Insurance, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353126 |
| Greenlight Capital Re Ltd., Class A \* | &nbsp;&nbsp;13165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111113 |
| Hagerty, Inc., Class A *\*(a)* | &nbsp;&nbsp;11439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103980 |
| Hallmark Financial Services, Inc. \* | &nbsp;&nbsp;12358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11686 |
| HCI Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114940 |
| Heritage Insurance Holdings, Inc. | &nbsp;&nbsp;17646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26469 |
| Hippo Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115475 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;16921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667703 |
| Investors Title Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102424 |
| James River Group Holdings Ltd. | &nbsp;&nbsp;17575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444120 |
| Kemper Corp. | &nbsp;&nbsp;27177 | &nbsp;&nbsp;&nbsp;&nbsp;1295528 |
| Kingsway Financial Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66966 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8975 | &nbsp;&nbsp;&nbsp;&nbsp;2828651 |
| Lemonade, Inc. *\*(a)* | &nbsp;&nbsp;18176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439859 |
| Lincoln National Corp. | &nbsp;&nbsp;63879 | &nbsp;&nbsp;&nbsp;&nbsp;3441162 |
| Loews Corp. | &nbsp;&nbsp;82497 | &nbsp;&nbsp;&nbsp;&nbsp;4703979 |
| Maiden Holdings Ltd. \* | &nbsp;&nbsp;32952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73483 |
| Markel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5634 | &nbsp;&nbsp;&nbsp;&nbsp;6795167 |
| Marsh & McLennan Cos., Inc. | 206697 | &nbsp;&nbsp;&nbsp;&nbsp;33379498 |
| MBIA, Inc. \* | &nbsp;&nbsp;19104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205559 |
| Mercury General Corp. | &nbsp;&nbsp;11235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325815 |
| MetLife, Inc. | 277481 | &nbsp;&nbsp;&nbsp;&nbsp;20314384 |
| National Western Life Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179010 |
| NI Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51359 |
| Old Republic International Corp. | 119724 | &nbsp;&nbsp;&nbsp;&nbsp;2778794 |

---

<sub>91</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Oscar Health, Inc., Class A \* | &nbsp;&nbsp;48793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181998 |
| Palomar Holdings, Inc. \* | &nbsp;&nbsp;10660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948314 |
| Primerica, Inc. | &nbsp;&nbsp;15424 | &nbsp;&nbsp;&nbsp;&nbsp;2231853 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;95691 | &nbsp;&nbsp;&nbsp;&nbsp;8433248 |
| ProAssurance Corp. | &nbsp;&nbsp;22265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494506 |
| Prudential Financial, Inc. | 154615 | &nbsp;&nbsp;&nbsp;&nbsp;16263952 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;27786 | &nbsp;&nbsp;&nbsp;&nbsp;4089266 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;18561 | &nbsp;&nbsp;&nbsp;&nbsp;2871015 |
| RLI Corp. | &nbsp;&nbsp;16563 | &nbsp;&nbsp;&nbsp;&nbsp;2154349 |
| Ryan Specialty Group Holdings, Inc., Class A \* | &nbsp;&nbsp;33933 | &nbsp;&nbsp;&nbsp;&nbsp;1521895 |
| Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570305 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;25005 | &nbsp;&nbsp;&nbsp;&nbsp;2452490 |
| SiriusPoint Ltd. \* | &nbsp;&nbsp;42729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274320 |
| Stewart Information Services Corp. | &nbsp;&nbsp;10910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425054 |
| The Allstate Corp. | 112343 | &nbsp;&nbsp;&nbsp;&nbsp;14183304 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;14638 | &nbsp;&nbsp;&nbsp;&nbsp;2144321 |
| The Hartford Financial Services Group, Inc. | 134324 | &nbsp;&nbsp;&nbsp;&nbsp;9726401 |
| The Progressive Corp. | 242633 | &nbsp;&nbsp;&nbsp;&nbsp;31154077 |
| The Travelers Cos., Inc. | &nbsp;&nbsp;98314 | &nbsp;&nbsp;&nbsp;&nbsp;18135000 |
| Tiptree, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91399 |
| Trean Insurance Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30270 |
| Trupanion, Inc. \* | &nbsp;&nbsp;14284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720913 |
| United Fire Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246366 |
| United Insurance Holdings Corp. | &nbsp;&nbsp;19297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7875 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp;12847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128984 |
| Unum Group | &nbsp;&nbsp;78158 | &nbsp;&nbsp;&nbsp;&nbsp;3563223 |
| W.R. Berkley Corp. | &nbsp;&nbsp;84428 | &nbsp;&nbsp;&nbsp;&nbsp;6279755 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1045 | &nbsp;&nbsp;&nbsp;&nbsp;1479877 |
| Willis Towers Watson plc | &nbsp;&nbsp;45519 | &nbsp;&nbsp;&nbsp;&nbsp;9932701 |
|  |  | **391398695** |
| &nbsp;&nbsp;**Materials 2.8%** | &nbsp;&nbsp;**Materials 2.8%** | &nbsp;&nbsp;**Materials 2.8%** |
| 5E Advanced Materials, Inc. \* | &nbsp;&nbsp;11374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152184 |
| Advanced Emissions Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16936 |
| AdvanSix, Inc. | &nbsp;&nbsp;11778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428484 |
| AgroFresh Solutions, Inc. \* | &nbsp;&nbsp;24132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65639 |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;91997 | &nbsp;&nbsp;&nbsp;&nbsp;23036049 |
| Albemarle Corp. | &nbsp;&nbsp;48647 | &nbsp;&nbsp;&nbsp;&nbsp;13614836 |
| Alcoa Corp. | &nbsp;&nbsp;73976 | &nbsp;&nbsp;&nbsp;&nbsp;2887283 |
| Alpha Metallurgical Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6417 | &nbsp;&nbsp;&nbsp;&nbsp;1083510 |
| Amcor plc | 621747 | &nbsp;&nbsp;&nbsp;&nbsp;7199830 |
| American Vanguard Corp. | &nbsp;&nbsp;11255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261904 |
| Ampco-Pittsburgh Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;7848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23936 |
| Amyris, Inc. *\*(a)* | &nbsp;&nbsp;98157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275821 |
| AptarGroup, Inc. | &nbsp;&nbsp;27260 | &nbsp;&nbsp;&nbsp;&nbsp;2702829 |
| Arconic Corp. \* | &nbsp;&nbsp;42544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883213 |
| Ascent Industries Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;4646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67599 |
| Ashland, Inc. | &nbsp;&nbsp;20552 | &nbsp;&nbsp;&nbsp;&nbsp;2156316 |
| Aspen Aerogels, Inc. \* | &nbsp;&nbsp;11432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144958 |
| ATI, Inc. \* | &nbsp;&nbsp;53557 | &nbsp;&nbsp;&nbsp;&nbsp;1593856 |
| Avery Dennison Corp. | &nbsp;&nbsp;33762 | &nbsp;&nbsp;&nbsp;&nbsp;5724347 |
| Avient Corp. | &nbsp;&nbsp;35198 | &nbsp;&nbsp;&nbsp;&nbsp;1213979 |
| Axalta Coating Systems Ltd. \* | &nbsp;&nbsp;90692 | &nbsp;&nbsp;&nbsp;&nbsp;2114937 |
| Balchem Corp. | &nbsp;&nbsp;13365 | &nbsp;&nbsp;&nbsp;&nbsp;1868427 |
| Ball Corp. | 130276 | &nbsp;&nbsp;&nbsp;&nbsp;6434332 |
| Berry Global Group, Inc. \* | &nbsp;&nbsp;52077 | &nbsp;&nbsp;&nbsp;&nbsp;2464284 |
| Cabot Corp. | &nbsp;&nbsp;23218 | &nbsp;&nbsp;&nbsp;&nbsp;1706059 |
| Carpenter Technology Corp. | &nbsp;&nbsp;19822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741343 |
| Celanese Corp. | &nbsp;&nbsp;41267 | &nbsp;&nbsp;&nbsp;&nbsp;3966584 |
| Century Aluminum Co. \* | &nbsp;&nbsp;19701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142044 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;82776 | &nbsp;&nbsp;&nbsp;&nbsp;8795778 |
| Chase Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289696 |
| Clearwater Paper Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286407 |
| Cleveland-Cliffs, Inc. \* | 214557 | &nbsp;&nbsp;&nbsp;&nbsp;2787095 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Coeur Mining, Inc. \* | 116862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441738 |
| Commercial Metals Co. | &nbsp;&nbsp;50623 | &nbsp;&nbsp;&nbsp;2303347 |
| Compass Minerals International, Inc. | &nbsp;&nbsp;14554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575465 |
| Contango ORE, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42175 |
| Core Molding Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49560 |
| Corteva, Inc. | 297974 | 19469621 |
| Crown Holdings, Inc. | &nbsp;&nbsp;50336 | &nbsp;&nbsp;&nbsp;3452546 |
| Dakota Gold Corp. \* | &nbsp;&nbsp;24511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84563 |
| Danimer Scientific, Inc. *\*(a)* | &nbsp;&nbsp;34263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89769 |
| Diversey Holdings Ltd. \* | &nbsp;&nbsp;34563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186640 |
| Dow, Inc. | 297832 | 13920668 |
| DuPont de Nemours, Inc. | 208442 | 11922882 |
| Eagle Materials, Inc. | &nbsp;&nbsp;15463 | &nbsp;&nbsp;&nbsp;1891280 |
| Eastman Chemical Co. | &nbsp;&nbsp;50815 | &nbsp;&nbsp;&nbsp;3903100 |
| Ecolab, Inc. | 102673 | 16126848 |
| Ecovyst, Inc. \* | &nbsp;&nbsp;30335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301833 |
| Element Solutions, Inc. | &nbsp;&nbsp;93645 | &nbsp;&nbsp;&nbsp;1610694 |
| Flotek Industries, Inc. \* | &nbsp;&nbsp;33484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38172 |
| FMC Corp. | &nbsp;&nbsp;52408 | &nbsp;&nbsp;&nbsp;6231311 |
| Freeport-McMoRan, Inc. | 592390 | 18772839 |
| Friedman Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27206 |
| FutureFuel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64289 |
| Gatos Silver, Inc. \* | &nbsp;&nbsp;17898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59063 |
| Ginkgo Bioworks Holdings, Inc. *\*(a)* | 351146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958629 |
| Glatfelter Corp. | &nbsp;&nbsp;18834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53300 |
| Gold Resource Corp. | &nbsp;&nbsp;39537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63259 |
| Golden Minerals Co. \* | &nbsp;&nbsp;74652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19335 |
| Graphic Packaging Holding Co. | 127829 | &nbsp;&nbsp;&nbsp;2934954 |
| Greif, Inc., Class A | &nbsp;&nbsp;13364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;884830 |
| H.B. Fuller Co. | &nbsp;&nbsp;21775 | &nbsp;&nbsp;&nbsp;1517935 |
| Hawkins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331331 |
| Haynes International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263576 |
| Hecla Mining Co. | 228540 | &nbsp;&nbsp;&nbsp;1044428 |
| Huntsman Corp. | &nbsp;&nbsp;79104 | &nbsp;&nbsp;&nbsp;2116823 |
| Hycroft Mining Holding Corp. \* | &nbsp;&nbsp;60156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41484 |
| Idaho Strategic Resources, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26750 |
| Ingevity Corp. \* | &nbsp;&nbsp;14768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993443 |
| Innospec, Inc. | &nbsp;&nbsp;10607 | &nbsp;&nbsp;&nbsp;1060594 |
| International Flavors & Fragrances, Inc. | 105687 | 10316108 |
| International Paper Co. | 149754 | &nbsp;&nbsp;&nbsp;5033232 |
| Intrepid Potash, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179416 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555916 |
| Koppers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215230 |
| Kronos Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87305 |
| Linde plc | 206600 | 61432510 |
| Livent Corp. \* | &nbsp;&nbsp;75115 | &nbsp;&nbsp;&nbsp;2371381 |
| Loop Industries, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;9523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28283 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;31145 | &nbsp;&nbsp;&nbsp;1764364 |
| LSB Industries, Inc. \* | &nbsp;&nbsp;15818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278871 |
| LyondellBasell Industries N.V., Class A | 105291 | &nbsp;&nbsp;&nbsp;8049497 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;25858 | &nbsp;&nbsp;&nbsp;8687771 |
| Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709165 |
| Mativ Holdings, Inc. | &nbsp;&nbsp;23942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568383 |
| McEwen Mining, Inc. \* | &nbsp;&nbsp;18705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68273 |
| Mercer International, Inc. | &nbsp;&nbsp;15176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203662 |
| Minerals Technologies, Inc. | &nbsp;&nbsp;13718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754627 |
| MP Materials Corp. \* | &nbsp;&nbsp;38060 | &nbsp;&nbsp;&nbsp;1143322 |
| Myers Industries, Inc. | &nbsp;&nbsp;14310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290350 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859152 |
| Newmont Corp. | 328909 | 13919429 |
| Northern Technologies International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73253 |
| Nucor Corp. | 108692 | 14279955 |
| O-I Glass, Inc. \* | &nbsp;&nbsp;65831 | &nbsp;&nbsp;&nbsp;1073704 |
| Olin Corp. | &nbsp;&nbsp;56058 | &nbsp;&nbsp;&nbsp;2968271 |
| Olympic Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111289 |

---

<sub>92</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Origin Materials, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;53958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306481 |
| Orion Engineered Carbons S.A. | &nbsp;&nbsp;&nbsp;&nbsp;24587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392409 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;39011 | &nbsp;&nbsp;&nbsp;&nbsp;4689512 |
| Pactiv Evergreen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209876 |
| Perimeter Solutions S.A. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;65529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523577 |
| Piedmont Lithium, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426954 |
| PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97702 | &nbsp;&nbsp;&nbsp;&nbsp;11155614 |
| PureCycle Technologies, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;55133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455950 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899237 |
| Ramaco Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119572 |
| Ranpak Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;15372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58414 |
| Rayonier Advanced Materials, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;26864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122231 |
| Reliance Steel & Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;24889 | &nbsp;&nbsp;&nbsp;&nbsp;5014636 |
| Resolute Forest Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380719 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27247 | &nbsp;&nbsp;&nbsp;&nbsp;2587375 |
| RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53440 | &nbsp;&nbsp;&nbsp;&nbsp;5053821 |
| Ryerson Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278096 |
| Schnitzer Steel Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;10451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282072 |
| Sealed Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60580 | &nbsp;&nbsp;&nbsp;&nbsp;2884820 |
| Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17088 | &nbsp;&nbsp;&nbsp;&nbsp;1221108 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34923 | &nbsp;&nbsp;&nbsp;&nbsp;1653953 |
| Smith-Midland Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41436 |
| Sonoco Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;40699 | &nbsp;&nbsp;&nbsp;&nbsp;2526594 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72003 | &nbsp;&nbsp;&nbsp;&nbsp;6771882 |
| Stepan Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896200 |
| Summit Materials, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;48664 | &nbsp;&nbsp;&nbsp;&nbsp;1282296 |
| SunCoke Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248103 |
| Sylvamo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636759 |
| The Chemours Co. | &nbsp;&nbsp;&nbsp;&nbsp;63918 | &nbsp;&nbsp;&nbsp;&nbsp;1829972 |
| The Mosaic Co. | &nbsp;&nbsp;&nbsp;143560 | &nbsp;&nbsp;&nbsp;&nbsp;7716350 |
| The Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;16561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760316 |
| The Sherwin-Williams Co. | &nbsp;&nbsp;&nbsp;&nbsp;97897 | &nbsp;&nbsp;&nbsp;&nbsp;22029762 |
| TimkenSteel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;16743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291998 |
| Tredegar Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117285 |
| TriMas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396310 |
| Trinseo plc | &nbsp;&nbsp;&nbsp;&nbsp;14826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279025 |
| Tronox Holdings plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;47310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567720 |
| U.S. Antimony Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;59275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22525 |
| U.S. Gold Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26826 |
| United States Lime & Minerals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87170 |
| United States Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;98419 | &nbsp;&nbsp;&nbsp;&nbsp;2003811 |
| Universal Stainless & Alloy Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38294 |
| Valvoline, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73776 | &nbsp;&nbsp;&nbsp;&nbsp;2166063 |
| Vulcan Materials Co. | &nbsp;&nbsp;&nbsp;&nbsp;55171 | &nbsp;&nbsp;&nbsp;&nbsp;9031493 |
| Warrior Met Coal, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769764 |
| Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14450 | &nbsp;&nbsp;&nbsp;&nbsp;1396593 |
| WestRock Co. | &nbsp;&nbsp;&nbsp;104888 | &nbsp;&nbsp;&nbsp;&nbsp;3572485 |
| Worthington Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587937 |
|  |  | **449840890** |
| &nbsp;&nbsp;**Media & Entertainment 5.7%** | &nbsp;&nbsp;**Media & Entertainment 5.7%** | &nbsp;&nbsp;**Media & Entertainment 5.7%** |
| Activision Blizzard, Inc. | &nbsp;&nbsp;&nbsp;294677 | &nbsp;&nbsp;&nbsp;&nbsp;21452486 |
| AdTheorent Holding Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44543 |
| Advantage Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;42984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145286 |
| Alphabet, Inc., Class A \* | 2487065 | &nbsp;&nbsp;235052513 |
| Alphabet, Inc., Class C \* | 2223850 | &nbsp;&nbsp;210509641 |
| Altice USA, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;87610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579102 |
| AMC Entertainment Holdings, Inc., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;215612 | &nbsp;&nbsp;&nbsp;&nbsp;1435976 |
| AMC Networks, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;11743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264335 |
| Angi, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71619 |
| Boston Omaha Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225608 |
| Bumble, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;32728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831291 |
| BuzzFeed, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27441 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2018 | &nbsp;&nbsp;&nbsp;&nbsp;1734330 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Cardlytics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135481 |
| Cargurus, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564520 |
| Cars.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413638 |
| Charter Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;46059 | 16932210 |
| Chicken Soup For The Soul Entertainment, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21498 |
| Cinedigm Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;54801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29001 |
| Cinemark Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;44949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476909 |
| Clear Channel Outdoor Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;193206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276285 |
| Comcast Corp., Class A | 1827590 | 58007707 |
| Cumulus Media, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54700 |
| Daily Journal Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137076 |
| DHI Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112672 |
| DISH Network Corp., Class A \* | &nbsp;&nbsp;&nbsp;104399 | &nbsp;&nbsp;&nbsp;1556589 |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;109536 | 13797155 |
| Emerald Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51396 |
| Endeavor Group Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;70455 | &nbsp;&nbsp;&nbsp;1538737 |
| Entravision Communications Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;23831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111529 |
| Eventbrite, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;32039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210496 |
| EverQuote, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50444 |
| FaZe Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;10557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34205 |
| Fluent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38671 |
| Fox Corp., Class A | &nbsp;&nbsp;&nbsp;127074 | &nbsp;&nbsp;&nbsp;3668626 |
| Fox Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;58734 | &nbsp;&nbsp;&nbsp;1597565 |
| fuboTV, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;81432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298041 |
| Gaia, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24015 |
| Gannett Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;56389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81764 |
| Genius Brands International, Inc. \* | &nbsp;&nbsp;&nbsp;106285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69085 |
| Golden Matrix Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20628 |
| Gray Television, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515824 |
| Harte Hanks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38390 |
| IAC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32808 | &nbsp;&nbsp;&nbsp;1597093 |
| iHeartMedia, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;43715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361960 |
| Innovid Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;35745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133686 |
| Integral Ad Science Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;17311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145759 |
| IZEA Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23691 |
| John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;17949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757268 |
| Leafly Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10940 |
| Lee Enterprises, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29324 |
| Liberty Broadband Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594083 |
| Liberty Broadband Corp., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;51792 | &nbsp;&nbsp;&nbsp;4372799 |
| Liberty Media Corp. - Liberty Braves, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173896 |
| Liberty Media Corp. - Liberty Braves, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;15115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470983 |
| Liberty Media Corp. - Liberty Formula One, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501629 |
| Liberty Media Corp. - Liberty Formula One, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;85693 | &nbsp;&nbsp;&nbsp;4947057 |
| Liberty Media Corp. - Liberty SiriusXM, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;30594 | &nbsp;&nbsp;&nbsp;1298409 |
| Liberty Media Corp. - Liberty SiriusXM, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;64011 | &nbsp;&nbsp;&nbsp;2700624 |
| Lions Gate Entertainment Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;25512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205627 |
| Lions Gate Entertainment Corp., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;50349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382149 |
| Live Nation Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;59214 | &nbsp;&nbsp;&nbsp;4714027 |
| LiveOne, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;39793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28420 |
| Madison Square Garden Entertainment Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;11111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544772 |
| Madison Square Garden Sports Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7569 | &nbsp;&nbsp;&nbsp;1185381 |
| Magnite, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;47801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348469 |

---

<sub>93</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Marchex, Inc., Class B \* | &nbsp;&nbsp;24313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39144 |
| Match Group, Inc. \* | 117842 | &nbsp;&nbsp;&nbsp;&nbsp;5090774 |
| MediaAlpha, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93034 |
| Meta Platforms, Inc., Class A \* | 946150 | &nbsp;&nbsp;&nbsp;&nbsp;88143334 |
| National CineMedia, Inc. | &nbsp;&nbsp;46329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20431 |
| Netflix, Inc. \* | 184548 | &nbsp;&nbsp;&nbsp;&nbsp;53865870 |
| News Corp., Class A | 157600 | &nbsp;&nbsp;&nbsp;&nbsp;2658712 |
| News Corp., Class B | &nbsp;&nbsp;53135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910203 |
| Nexstar Media Group, Inc., Class A | &nbsp;&nbsp;16049 | &nbsp;&nbsp;&nbsp;&nbsp;2749194 |
| Nextdoor Holdings, Inc. \* | &nbsp;&nbsp;50057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135655 |
| Omnicom Group, Inc. | &nbsp;&nbsp;84624 | &nbsp;&nbsp;&nbsp;&nbsp;6156396 |
| Outbrain, Inc. \* | &nbsp;&nbsp;17672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75636 |
| Paramount Global, Class B | 211736 | &nbsp;&nbsp;&nbsp;&nbsp;3879004 |
| Pinterest, Inc., Class A \* | 242139 | &nbsp;&nbsp;&nbsp;&nbsp;5956619 |
| Playstudios, Inc. \* | &nbsp;&nbsp;32347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145885 |
| Playtika Holding Corp. \* | &nbsp;&nbsp;42036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397240 |
| PubMatic, Inc., Class A \* | &nbsp;&nbsp;17470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303978 |
| QuinStreet, Inc. \* | &nbsp;&nbsp;21564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246045 |
| Reading International, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;3627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72322 |
| Reservoir Media, Inc. \* | &nbsp;&nbsp;14527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84257 |
| ROBLOX Corp., Class A \* | 149410 | &nbsp;&nbsp;&nbsp;&nbsp;6684603 |
| Roku, Inc. \* | &nbsp;&nbsp;50759 | &nbsp;&nbsp;&nbsp;&nbsp;2819155 |
| Saga Communications, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30353 |
| Scholastic Corp. | &nbsp;&nbsp;12105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461685 |
| Sciplay Corp., Class A \* | &nbsp;&nbsp;10406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145580 |
| Shutterstock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496998 |
| Sinclair Broadcast Group, Inc., Class A | &nbsp;&nbsp;17890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318621 |
| Sirius XM Holdings, Inc. *(a)* | 292389 | &nbsp;&nbsp;&nbsp;&nbsp;1766030 |
| Skillz, Inc. *\*(a)* | 144679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149019 |
| Snap, Inc., Class A \* | 428674 | &nbsp;&nbsp;&nbsp;&nbsp;4248159 |
| Stagwell, Inc. \* | &nbsp;&nbsp;43953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333603 |
| System1, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35939 |
| Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;65169 | &nbsp;&nbsp;&nbsp;&nbsp;7721223 |
| TechTarget, Inc. \* | &nbsp;&nbsp;10886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702691 |
| TEGNA, Inc. | &nbsp;&nbsp;91837 | &nbsp;&nbsp;&nbsp;&nbsp;1917557 |
| The Arena Group Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69908 |
| The E.W. Scripps Co., Class A \* | &nbsp;&nbsp;22843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324142 |
| The Interpublic Group of Cos., Inc. | 161190 | &nbsp;&nbsp;&nbsp;&nbsp;4801850 |
| The Marcus Corp. | &nbsp;&nbsp;10398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156386 |
| The New York Times Co., Class A | &nbsp;&nbsp;67939 | &nbsp;&nbsp;&nbsp;&nbsp;1967513 |
| The Trade Desk, Inc., Class A \* | 184567 | &nbsp;&nbsp;&nbsp;&nbsp;9826347 |
| The Walt Disney Co. \* | 756441 | &nbsp;&nbsp;&nbsp;&nbsp;80591224 |
| Thryv Holdings, Inc. \* | &nbsp;&nbsp;12739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260640 |
| Townsquare Media, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19059 |
| Travelzoo \* | &nbsp;&nbsp;&nbsp;&nbsp;4020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20944 |
| TripAdvisor, Inc. \* | &nbsp;&nbsp;42436 | &nbsp;&nbsp;&nbsp;&nbsp;1002338 |
| TrueCar, Inc. \* | &nbsp;&nbsp;41115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74007 |
| Urban One, Inc. \* | &nbsp;&nbsp;12414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61698 |
| Vimeo, Inc. \* | &nbsp;&nbsp;62096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235965 |
| Vinco Ventures, Inc. *\*(a)* | &nbsp;&nbsp;68845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62759 |
| Warner Bros Discovery, Inc. \* | 916477 | &nbsp;&nbsp;&nbsp;&nbsp;11914201 |
| Warner Music Group Corp., Class A | &nbsp;&nbsp;47996 | &nbsp;&nbsp;&nbsp;&nbsp;1248856 |
| Wejo Group Ltd. \* | &nbsp;&nbsp;19449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21005 |
| WideOpenWest, Inc. \* | &nbsp;&nbsp;20526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281411 |
| World Wrestling Entertainment, Inc., Class A | &nbsp;&nbsp;18071 | &nbsp;&nbsp;&nbsp;&nbsp;1425621 |
| Yelp, Inc. \* | &nbsp;&nbsp;28463 | &nbsp;&nbsp;&nbsp;&nbsp;1093264 |
| Zedge, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;4350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9222 |
| Ziff Davis, Inc. \* | &nbsp;&nbsp;19491 | &nbsp;&nbsp;&nbsp;&nbsp;1508409 |
| ZipRecruiter, Inc., Class A \* | &nbsp;&nbsp;23798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399092 |
| ZoomInfo Technologies, Inc. \* | 112544 | &nbsp;&nbsp;&nbsp;&nbsp;5011584 |
|  |  | **920009468** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.7%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.7%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 8.7%** |
| 10X Genomics, Inc., Class A \* | &nbsp;&nbsp;40155 | &nbsp;&nbsp;&nbsp;&nbsp;1091413 |
| 2seventy bio, Inc. \* | &nbsp;&nbsp;16616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263862 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| 4D Molecular Therapeutics, Inc. \* | &nbsp;&nbsp;11190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96905 |
| 89bio, Inc. \* | &nbsp;&nbsp;15302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146134 |
| 9 Meters Biopharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13846 |
| Aadi Bioscience, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57097 |
| AbbVie, Inc. | 733192 | 107339309 |
| Absci Corp. *\*(a)* | &nbsp;&nbsp;23263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73511 |
| ACADIA Pharmaceuticals, Inc. \* | &nbsp;&nbsp;50473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809082 |
| AcelRx Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16846 |
| Achieve Life Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18297 |
| Aclaris Therapeutics, Inc. \* | &nbsp;&nbsp;21790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340142 |
| Actinium Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102078 |
| Acumen Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68127 |
| Adamis Pharmaceuticals Corp. \* | &nbsp;&nbsp;56257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7876 |
| Adaptive Biotechnologies Corp. \* | &nbsp;&nbsp;43198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336080 |
| Adicet Bio, Inc. \* | &nbsp;&nbsp;13243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218377 |
| ADMA Biologics, Inc. \* | &nbsp;&nbsp;69227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195220 |
| Adverum Biotechnologies, Inc. \* | &nbsp;&nbsp;62914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54421 |
| Aerie Pharmaceuticals, Inc. \* | &nbsp;&nbsp;21427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326119 |
| Aerovate Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71465 |
| Agenus, Inc. \* | &nbsp;&nbsp;98112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246261 |
| Agilent Technologies, Inc. | 124011 | &nbsp;&nbsp;&nbsp;17156922 |
| Agios Pharmaceuticals, Inc. \* | &nbsp;&nbsp;22582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621908 |
| Akebia Therapeutics, Inc. \* | 132370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33688 |
| Akero Therapeutics, Inc. \* | &nbsp;&nbsp;13474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569411 |
| Akouos, Inc. \* | &nbsp;&nbsp;10685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140721 |
| Akoya Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107910 |
| Alaunos Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;82975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95421 |
| Albireo Pharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174523 |
| Aldeyra Therapeutics, Inc. \* | &nbsp;&nbsp;22201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121217 |
| Alector, Inc. \* | &nbsp;&nbsp;26074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239881 |
| Alkermes plc \* | &nbsp;&nbsp;69307 | &nbsp;&nbsp;&nbsp;&nbsp;1573269 |
| Allakos, Inc. \* | &nbsp;&nbsp;36806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214579 |
| Allogene Therapeutics, Inc. \* | &nbsp;&nbsp;38872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400382 |
| Allovir, Inc. \* | &nbsp;&nbsp;18004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124768 |
| Alnylam Pharmaceuticals, Inc. \* | &nbsp;&nbsp;49729 | &nbsp;&nbsp;&nbsp;10306833 |
| Alpha Teknova, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12792 |
| Alpine Immune Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32505 |
| Altimmune, Inc. \* | &nbsp;&nbsp;17274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216616 |
| ALX Oncology Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96841 |
| Amgen, Inc. | 221709 | &nbsp;&nbsp;&nbsp;59939028 |
| Amicus Therapeutics, Inc. \* | 106825 | &nbsp;&nbsp;&nbsp;&nbsp;1068250 |
| Amneal Pharmaceuticals, Inc. \* | &nbsp;&nbsp;43587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95891 |
| Amphastar Pharmaceuticals, Inc. \* | &nbsp;&nbsp;16546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511271 |
| Amylyx Pharmaceuticals, Inc. \* | &nbsp;&nbsp;16143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575821 |
| AnaptysBio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222722 |
| Anavex Life Sciences Corp. \* | &nbsp;&nbsp;30282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368532 |
| ANI Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188435 |
| Anika Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165149 |
| Anixa Biosciences, Inc. \* | &nbsp;&nbsp;12785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71596 |
| Annexon, Inc. \* | &nbsp;&nbsp;19332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92407 |
| Annovis Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25866 |
| Apellis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;38509 | &nbsp;&nbsp;&nbsp;&nbsp;2329409 |
| Apexigen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18105 |
| AquaBounty Technologies, Inc. \* | &nbsp;&nbsp;44032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31483 |
| Arbutus Biopharma Corp. \* | &nbsp;&nbsp;50681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118594 |
| Arcellx, Inc. \* | &nbsp;&nbsp;11614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272697 |
| Arcturus Therapeutics Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153211 |
| Arcus Biosciences, Inc. \* | &nbsp;&nbsp;21937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558955 |
| Arcutis Biotherapeutics, Inc. \* | &nbsp;&nbsp;17059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301603 |
| Ardelyx, Inc. \* | &nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000 |
| Arrowhead Pharmaceuticals, Inc. \* | &nbsp;&nbsp;43314 | &nbsp;&nbsp;&nbsp;&nbsp;1507760 |
| Arvinas, Inc. \* | &nbsp;&nbsp;20555 | &nbsp;&nbsp;&nbsp;&nbsp;1021789 |
| Assembly Biosciences, Inc. \* | &nbsp;&nbsp;32452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53221 |
| Assertio Holdings, Inc. \* | &nbsp;&nbsp;23152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59732 |
| Astria Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23396 |
| Atara Biotherapeutics, Inc. \* | &nbsp;&nbsp;43101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200851 |
| Atea Pharmaceuticals, Inc. \* | &nbsp;&nbsp;33404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200424 |
| Athira Pharma, Inc. \* | &nbsp;&nbsp;13857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45867 |

---

<sub>94</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Atossa Therapeutics, Inc. \* | &nbsp;&nbsp;45962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45282 |
| aTyr Pharma, Inc. \* | &nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24700 |
| Aura Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82864 |
| Avantor, Inc. \* | 279527 | &nbsp;&nbsp;&nbsp;5638060 |
| AVEO Pharmaceuticals, Inc. \* | &nbsp;&nbsp;11178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165099 |
| Avid Bioservices, Inc. \* | &nbsp;&nbsp;24799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420095 |
| Avidity Biosciences, Inc. \* | &nbsp;&nbsp;22625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323085 |
| Avita Medical, Inc. \* | &nbsp;&nbsp;10054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49164 |
| Avrobio, Inc. \* | &nbsp;&nbsp;37231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25332 |
| Axcella Health, Inc. \* | &nbsp;&nbsp;18250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21900 |
| Axsome Therapeutics, Inc. \* | &nbsp;&nbsp;12826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579094 |
| Azenta, Inc. | &nbsp;&nbsp;30816 | &nbsp;&nbsp;&nbsp;1368230 |
| Beam Therapeutics, Inc. \* | &nbsp;&nbsp;24638 | &nbsp;&nbsp;&nbsp;1085550 |
| BioAtla, Inc. \* | &nbsp;&nbsp;13027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89756 |
| BioCryst Pharmaceuticals, Inc. \* | &nbsp;&nbsp;76932 | &nbsp;&nbsp;&nbsp;1027042 |
| Biogen, Inc. \* | &nbsp;&nbsp;60261 | 17080378 |
| Biohaven Ltd. \* | &nbsp;&nbsp;23686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392477 |
| BioLife Solutions, Inc. \* | &nbsp;&nbsp;13293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312651 |
| BioMarin Pharmaceutical, Inc. \* | &nbsp;&nbsp;77109 | &nbsp;&nbsp;&nbsp;6679953 |
| Biomea Fusion, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84480 |
| Bionano Genomics, Inc. *\*(a)* | 121204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283617 |
| Biora Therapeutics, Inc. \* | &nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17154 |
| Bio-Rad Laboratories, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8863 | &nbsp;&nbsp;&nbsp;3117206 |
| Bio-Techne Corp. | &nbsp;&nbsp;16268 | &nbsp;&nbsp;&nbsp;4819558 |
| Bioxcel Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;12322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155134 |
| Bluebird Bio, Inc. \* | &nbsp;&nbsp;30202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189367 |
| Blueprint Medicines Corp. \* | &nbsp;&nbsp;24573 | &nbsp;&nbsp;&nbsp;1273864 |
| BrainStorm Cell Therapeutics, Inc. \* | &nbsp;&nbsp;11287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40182 |
| Bridgebio Pharma, Inc. \* | &nbsp;&nbsp;42565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443953 |
| Bright Green Corp. \* | &nbsp;&nbsp;28510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17226 |
| Bristol-Myers Squibb Co. | 885484 | 68598445 |
| Bruker Corp. | &nbsp;&nbsp;41933 | &nbsp;&nbsp;&nbsp;2593137 |
| C4 Therapeutics, Inc. \* | &nbsp;&nbsp;16467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158413 |
| Capricor Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36151 |
| Cara Therapeutics, Inc. \* | &nbsp;&nbsp;16617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156200 |
| Cardiff Oncology, Inc. \* | &nbsp;&nbsp;16399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26730 |
| CareDx, Inc. \* | &nbsp;&nbsp;22269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443376 |
| Caribou Biosciences, Inc. \* | &nbsp;&nbsp;23459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228491 |
| CASI Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10650 |
| Cassava Sciences, Inc. *\*(a)* | &nbsp;&nbsp;15959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581546 |
| Catalent, Inc. \* | &nbsp;&nbsp;74408 | &nbsp;&nbsp;&nbsp;4890838 |
| Catalyst Pharmaceuticals, Inc. \* | &nbsp;&nbsp;37080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514300 |
| Celcuity, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49260 |
| Celldex Therapeutics, Inc. \* | &nbsp;&nbsp;19973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701651 |
| CEL-SCI Corp. *\*(a)* | &nbsp;&nbsp;16481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57189 |
| Celularity, Inc. *\*(a)* | &nbsp;&nbsp;27363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63756 |
| Century Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;10076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105798 |
| Cerevel Therapeutics Holdings, Inc. \* | &nbsp;&nbsp;26524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741611 |
| Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;21012 | &nbsp;&nbsp;&nbsp;4459797 |
| Checkpoint Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;33712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33712 |
| Chimerix, Inc. \* | &nbsp;&nbsp;37732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66786 |
| Chinook Therapeutics, Inc. \* | &nbsp;&nbsp;20422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444178 |
| ChromaDex Corp. \* | &nbsp;&nbsp;24667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37494 |
| CinCor Pharma, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;7319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246211 |
| Citius Pharmaceuticals, Inc. \* | &nbsp;&nbsp;76073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82159 |
| Clearside Biomedical, Inc. \* | &nbsp;&nbsp;20216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23046 |
| Clene, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;7741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7664 |
| Clovis Oncology, Inc. *\*(a)* | &nbsp;&nbsp;58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59740 |
| Codexis, Inc. \* | &nbsp;&nbsp;29943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168280 |
| Cogent Biosciences, Inc. \* | &nbsp;&nbsp;27590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376603 |
| Coherus Biosciences, Inc. \* | &nbsp;&nbsp;26548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230968 |
| Collegium Pharmaceutical, Inc. \* | &nbsp;&nbsp;14303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256596 |
| Compass Therapeutics, Inc. \* | &nbsp;&nbsp;31736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100286 |
| Concert Pharmaceuticals, Inc. \* | &nbsp;&nbsp;15686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93332 |
| Corbus Pharmaceuticals Holdings, Inc. \* | &nbsp;&nbsp;99416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12924 |
| Corcept Therapeutics, Inc. \* | &nbsp;&nbsp;39875 | &nbsp;&nbsp;&nbsp;1140425 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| CorMedix, Inc. \* | &nbsp;&nbsp;13948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42820 |
| Crinetics Pharmaceuticals, Inc. \* | &nbsp;&nbsp;18689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344999 |
| CRISPR Therapeutics AG \* | &nbsp;&nbsp;32384 | &nbsp;&nbsp;&nbsp;&nbsp;1694979 |
| CryoPort, Inc. \* | &nbsp;&nbsp;19272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534991 |
| CTI BioPharma Corp. \* | &nbsp;&nbsp;37496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183730 |
| Cue Biopharma, Inc. \* | &nbsp;&nbsp;12652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33654 |
| Cullinan Oncology, Inc. \* | &nbsp;&nbsp;13170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173054 |
| Curis, Inc. \* | &nbsp;&nbsp;57090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45683 |
| Cymabay Therapeutics, Inc. \* | &nbsp;&nbsp;34566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120290 |
| Cytek Biosciences, Inc. \* | &nbsp;&nbsp;33714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523241 |
| Cytokinetics, Inc. \* | &nbsp;&nbsp;38646 | &nbsp;&nbsp;&nbsp;&nbsp;1687284 |
| CytomX Therapeutics, Inc. \* | &nbsp;&nbsp;42221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55310 |
| Danaher Corp. | 271467 | &nbsp;&nbsp;&nbsp;68320100 |
| Dare Bioscience, Inc. \* | &nbsp;&nbsp;30532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29616 |
| Day One Biopharmaceuticals, Inc. \* | &nbsp;&nbsp;11713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247613 |
| Decibel Therapeutics, Inc. \* | &nbsp;&nbsp;10345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38277 |
| Deciphera Pharmaceuticals, Inc. \* | &nbsp;&nbsp;19146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310548 |
| Denali Therapeutics, Inc. \* | &nbsp;&nbsp;44929 | &nbsp;&nbsp;&nbsp;&nbsp;1288564 |
| DermTech, Inc. *\*(a)* | &nbsp;&nbsp;10214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32889 |
| Design Therapeutics, Inc. \* | &nbsp;&nbsp;12455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194547 |
| DICE Therapeutics, Inc. \* | &nbsp;&nbsp;13633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484108 |
| Durect Corp. \* | 113441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73737 |
| Dynavax Technologies Corp. \* | &nbsp;&nbsp;48083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550550 |
| Dyne Therapeutics, Inc. \* | &nbsp;&nbsp;10151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115721 |
| Eagle Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138248 |
| Edgewise Therapeutics, Inc. \* | &nbsp;&nbsp;12223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116241 |
| Editas Medicine, Inc. \* | &nbsp;&nbsp;27610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346505 |
| Eiger BioPharmaceuticals, Inc. \* | &nbsp;&nbsp;16477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84197 |
| Elanco Animal Health, Inc. \* | 183578 | &nbsp;&nbsp;&nbsp;&nbsp;2421394 |
| Eli Lilly & Co. | 327146 | 118456295 |
| Emergent BioSolutions, Inc. \* | &nbsp;&nbsp;18800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392168 |
| Enanta Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358624 |
| Enochian Biosciences, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;7537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15300 |
| Entrada Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;7643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174184 |
| EQRx, Inc. \* | &nbsp;&nbsp;91140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468460 |
| Erasca, Inc. \* | &nbsp;&nbsp;26687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218033 |
| Esperion Therapeutics, Inc. \* | &nbsp;&nbsp;23247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188998 |
| Eton Pharmaceuticals, Inc. \* | &nbsp;&nbsp;13239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33759 |
| Evelo Biosciences, Inc. \* | &nbsp;&nbsp;31345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63944 |
| Evolus, Inc. \* | &nbsp;&nbsp;13267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113566 |
| Exact Sciences Corp. \* | &nbsp;&nbsp;74609 | &nbsp;&nbsp;&nbsp;&nbsp;2594901 |
| Exagen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10033 |
| Exelixis, Inc. \* | 135557 | &nbsp;&nbsp;&nbsp;&nbsp;2247535 |
| Eyenovia Inc. \* | &nbsp;&nbsp;24562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53054 |
| EyePoint Pharmaceuticals, Inc. \* | &nbsp;&nbsp;11679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63067 |
| Fate Therapeutics, Inc. \* | &nbsp;&nbsp;33551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701887 |
| FibroGen, Inc. \* | &nbsp;&nbsp;35771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582352 |
| Finch Therapeutics Group, Inc. \* | &nbsp;&nbsp;18783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24418 |
| Foghorn Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;8974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78433 |
| Fortress Biotech, Inc. \* | &nbsp;&nbsp;29965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24874 |
| Frequency Therapeutics, Inc. \* | &nbsp;&nbsp;23364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40420 |
| F-star Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;4676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26045 |
| Fulcrum Therapeutics, Inc. \* | &nbsp;&nbsp;17307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96227 |
| G1 Therapeutics, Inc. \* | &nbsp;&nbsp;15530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165550 |
| Galectin Therapeutics, Inc. \* | &nbsp;&nbsp;17413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24030 |
| Gelesis Holdings, Inc. \* | &nbsp;&nbsp;16733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6236 |
| Generation Bio Co. \* | &nbsp;&nbsp;16915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86605 |
| Genprex, Inc. *\*(a)* | &nbsp;&nbsp;29742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40449 |
| Geron Corp. \* | 140170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311177 |
| Gilead Sciences, Inc. | 519677 | &nbsp;&nbsp;&nbsp;40773857 |
| Gossamer Bio, Inc. \* | &nbsp;&nbsp;32860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364746 |
| Graphite Bio, Inc. \* | &nbsp;&nbsp;17740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62267 |
| GreenLight Biosciences Holdings PBC *\*(a)* | &nbsp;&nbsp;24360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43361 |
| Gritstone bio, Inc. \* | &nbsp;&nbsp;21400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68908 |
| Halozyme Therapeutics, Inc. \* | &nbsp;&nbsp;57362 | &nbsp;&nbsp;&nbsp;&nbsp;2742477 |
| Harmony Biosciences Holdings, Inc. \* | &nbsp;&nbsp;12379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643708 |
| Harrow Health, Inc. \* | &nbsp;&nbsp;12577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151301 |

---

<sub>95</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Harvard Bioscience, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38397 |
| Hepion Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16792 |
| Heron Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157172 |
| HilleVax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118830 |
| Homology Medicines, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32737 |
| Hookipa Pharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46808 |
| Horizon Therapeutics plc \* | &nbsp;&nbsp;&nbsp;&nbsp;95701 | &nbsp;&nbsp;&nbsp;&nbsp;5964086 |
| Humacyte, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;22996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79221 |
| iBio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15836 |
| Ideaya Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214148 |
| IGM Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91540 |
| Ikena Oncology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33182 |
| Illumina, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;65305 | &nbsp;&nbsp;&nbsp;14943090 |
| Imago Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182580 |
| Immuneering Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120176 |
| Immunic, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;11662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20642 |
| ImmunityBio, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;46639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256515 |
| ImmunoGen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;86212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512099 |
| Immunovant, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199595 |
| Impel Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26283 |
| Incyte Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;76598 | &nbsp;&nbsp;&nbsp;&nbsp;5694295 |
| Infinity Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37136 |
| Inhibrx, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384551 |
| Inmune Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39570 |
| Innoviva, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411207 |
| Inotiv, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134634 |
| Inovio Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;98258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212237 |
| Inozyme Pharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29126 |
| Insmed, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;55472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960775 |
| Instil Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95314 |
| Intellia Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31551 | &nbsp;&nbsp;&nbsp;&nbsp;1665262 |
| Intercept Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155108 |
| Intra-Cellular Therapies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36344 | &nbsp;&nbsp;&nbsp;&nbsp;1659830 |
| Invivyd, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;24069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95073 |
| Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;59618 | &nbsp;&nbsp;&nbsp;&nbsp;2635116 |
| Iovance Biotherapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;54425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508329 |
| IQVIA Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;77384 | &nbsp;&nbsp;&nbsp;16225103 |
| Ironwood Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;56987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623438 |
| iTeos Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204598 |
| IVERIC bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;46723 | &nbsp;&nbsp;&nbsp;&nbsp;1117614 |
| Janux Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160568 |
| Jazz Pharmaceuticals plc \* | &nbsp;&nbsp;&nbsp;&nbsp;26025 | &nbsp;&nbsp;&nbsp;&nbsp;3742135 |
| Johnson & Johnson | 1090297 | 189678969 |
| Jounce Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36186 |
| KalVista Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44880 |
| Karuna Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11014 | &nbsp;&nbsp;&nbsp;&nbsp;2415811 |
| Karyopharm Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154576 |
| KemPharm, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;11139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62378 |
| Keros Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358421 |
| Kezar Life Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170869 |
| Kiniksa Pharmaceuticals Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;10106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115411 |
| Kinnate Biopharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58479 |
| Kodiak Sciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94431 |
| Kronos Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48840 |
| Krystal Biotech, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731799 |
| Kura Oncology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383422 |
| Kymera Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431981 |
| Larimar Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13550 |
| Leap Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27232 |
| Lexicon Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;46637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100270 |
| Ligand Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553597 |
| Lineage Cell Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;45545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62852 |
| Lipocine, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20450 |
| Liquidia Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;20793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101678 |
| Lyell Immunopharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;61098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359256 |
| Lyra Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42491 |
| MacroGenics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123510 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Madrigal Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357783 |
| Magenta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35306 |
| MannKind Corp. \* | &nbsp;&nbsp;&nbsp;106331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359399 |
| Maravai LifeSciences Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;44584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740094 |
| Marinus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73652 |
| Matinas BioPharma Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;78387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61142 |
| MaxCyte, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267686 |
| MediciNova, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36400 |
| Medpace Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10386 | &nbsp;&nbsp;&nbsp;&nbsp;2305484 |
| Merck & Co., Inc. | 1050565 | 106317178 |
| Mersana Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301683 |
| Mettler-Toledo International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9309 | &nbsp;&nbsp;&nbsp;11775233 |
| MiMedx Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151842 |
| Mirati Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21261 | &nbsp;&nbsp;&nbsp;&nbsp;1431291 |
| Miromatrix Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40281 |
| Mirum Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238308 |
| Moderna, Inc. \* | &nbsp;&nbsp;&nbsp;139576 | &nbsp;&nbsp;&nbsp;20982460 |
| Monte Rosa Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125847 |
| Morphic Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339425 |
| Mustang Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16945 |
| MyMD Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38683 |
| Myovant Sciences Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;16883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451451 |
| Myriad Genetics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694230 |
| NanoString Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194336 |
| Natera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40292 | &nbsp;&nbsp;&nbsp;&nbsp;1892112 |
| Nautilus Biotechnology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54972 |
| Nektar Therapeutics \* | &nbsp;&nbsp;&nbsp;&nbsp;73818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277556 |
| NeoGenomics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399148 |
| Neubase Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8528 |
| Neurocrine Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40008 | &nbsp;&nbsp;&nbsp;&nbsp;4605721 |
| NextCure, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 |
| NGM Biopharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80474 |
| NightHawk Biosciences, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14840 |
| Nkarta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185027 |
| Novan, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21303 |
| Novavax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711482 |
| Nurix Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220611 |
| Nuvalent, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302571 |
| Nuvation Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115295 |
| Ocugen, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;92871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159738 |
| Ocular Therapeutix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112148 |
| Ocuphire Pharma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35081 |
| Olema Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69861 |
| Omega Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45209 |
| Omeros Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;21844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72304 |
| Oncocyte Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;62284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42590 |
| Oncternal Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33861 |
| Opiant Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21919 |
| Optinose, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59752 |
| Oragenics, Inc. \* | &nbsp;&nbsp;&nbsp;100778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21667 |
| Organogenesis Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78812 |
| Organon & Co. | &nbsp;&nbsp;&nbsp;104421 | &nbsp;&nbsp;&nbsp;&nbsp;2733742 |
| Orgenesis, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12686 |
| ORIC Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44464 |
| Osmotica Pharmaceuticals plc \* | &nbsp;&nbsp;&nbsp;&nbsp;13322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25312 |
| Outlook Therapeutics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;62495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72494 |
| Ovid therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31707 |
| Oyster Point Pharma, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68310 |
| Pacific Biosciences of California, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;97405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822098 |
| Pacira BioSciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961597 |
| Palatin Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28700 |
| Paratek Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61962 |
| Pardes Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15791 |
| Passage Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9627 |
| PDS Biotechnology Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41433 |
| PepGen, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31449 |
| PerkinElmer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52507 | &nbsp;&nbsp;&nbsp;&nbsp;7013885 |

---

<sub>96</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Perrigo Co., plc | &nbsp;&nbsp;&nbsp;&nbsp;57008 | &nbsp;&nbsp;&nbsp;&nbsp;2296282 |
| Pfizer, Inc. | 2327892 | 108363373 |
| Phathom Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71847 |
| Phibro Animal Health Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120238 |
| Pieris Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;35732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39663 |
| Pliant Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332810 |
| PMV Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179357 |
| Point Biopharma Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271298 |
| Poseida Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113394 |
| Precigen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;66913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108399 |
| Precision BioSciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71782 |
| Prelude Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50275 |
| Prestige Consumer Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20626 | &nbsp;&nbsp;&nbsp;&nbsp;1123704 |
| ProKidney Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69241 |
| Prometheus Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632813 |
| ProPhase Labs, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71047 |
| Protagonist Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146845 |
| Prothena Corp. plc \* | &nbsp;&nbsp;&nbsp;&nbsp;14317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879636 |
| Provention Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;35185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244184 |
| PTC Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29513 | &nbsp;&nbsp;&nbsp;&nbsp;1116182 |
| Puma Biotechnology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20555 |
| Pyxis Oncology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33172 |
| Quanterix Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;14993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165973 |
| Quantum-Si, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;32018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97015 |
| Quince Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11013 |
| Rain Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48746 |
| Rallybio Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49702 |
| Rani Therapeutics Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17037 |
| Rapid Micro Biosystems, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19847 |
| RAPT Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211327 |
| Reata Pharmaceuticals, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;11755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378511 |
| Recursion Pharmaceuticals, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;49917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526624 |
| Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;44459 | &nbsp;&nbsp;&nbsp;33288676 |
| REGENXBIO, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351121 |
| Regulus Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14125 |
| Relay Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815230 |
| Relmada Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63823 |
| Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;21513 | &nbsp;&nbsp;&nbsp;&nbsp;3925907 |
| Replimune Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283478 |
| Revance Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739643 |
| REVOLUTION Medicines, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;30019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608185 |
| Rhythm Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425952 |
| Rigel Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;82091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59812 |
| Rocket Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386934 |
| Roivant Sciences Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;51436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264381 |
| Royalty Pharma plc, Class A | &nbsp;&nbsp;&nbsp;152719 | &nbsp;&nbsp;&nbsp;&nbsp;6463068 |
| SAB Biotherapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14614 |
| Sage Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819256 |
| Sana Biotechnology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198140 |
| Sangamo Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;57765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253588 |
| Sarepta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36504 | &nbsp;&nbsp;&nbsp;&nbsp;4162186 |
| Satsuma Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27112 |
| Savara, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;42882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52745 |
| Scholar Rock Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;17416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169980 |
| SCYNEXIS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20501 |
| Seagen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;56836 | &nbsp;&nbsp;&nbsp;&nbsp;7227266 |
| Seelos Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;39148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34035 |
| Seer, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105227 |
| Selecta Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;59796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94478 |
| SELLAS Life Sciences Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75994 |
| Seres Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359051 |
| Sesen Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;67895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37899 |
| Shattuck Labs, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55335 |
| SIGA Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157121 |
| Silverback Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58574 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Singular Genomics Systems, Inc. *\*(a)* | &nbsp;&nbsp;23488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62478 |
| Societal CDMO, Inc. \* | &nbsp;&nbsp;37047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67426 |
| SomaLogic, Inc. \* | &nbsp;&nbsp;61519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213471 |
| Sorrento Therapeutics, Inc. *\*(a)* | 153031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240259 |
| Sotera Health Co. \* | &nbsp;&nbsp;40149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276225 |
| Spectrum Pharmaceuticals, Inc. \* | &nbsp;&nbsp;82687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38036 |
| SpringWorks Therapeutics, Inc. \* | &nbsp;&nbsp;13701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328961 |
| SQZ Biotechnologies Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;7793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22210 |
| Standard BioTools, Inc. \* | &nbsp;&nbsp;27127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32010 |
| Stoke Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138788 |
| Supernus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;22262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762919 |
| Surface Oncology, Inc. \* | &nbsp;&nbsp;12172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15093 |
| Surrozen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19233 |
| Sutro Biopharma, Inc. \* | &nbsp;&nbsp;23381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171383 |
| Synaptogenix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31547 |
| Syndax Pharmaceuticals, Inc. \* | &nbsp;&nbsp;21112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484732 |
| Syneos Health, Inc. \* | &nbsp;&nbsp;42088 | &nbsp;&nbsp;&nbsp;2120393 |
| Synlogic, Inc. \* | &nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20940 |
| Synthetic Biologics, Inc. \* | &nbsp;&nbsp;13567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10284 |
| Syros Pharmaceuticals, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;4670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23446 |
| T2 Biosystems, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;3402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6294 |
| Talaris Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5344 |
| Tango Therapeutics, Inc. \* | &nbsp;&nbsp;24311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195460 |
| Tarsus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162225 |
| Taysha Gene Therapies, Inc. *\*(a)* | &nbsp;&nbsp;16140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27761 |
| Tenaya Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13231 |
| Terns Pharmaceuticals, Inc. \* | &nbsp;&nbsp;12408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85739 |
| TFF Pharmaceuticals, Inc. \* | &nbsp;&nbsp;11966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29915 |
| TG Therapeutics, Inc. \* | &nbsp;&nbsp;53453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311096 |
| Theravance Biopharma, Inc. \* | &nbsp;&nbsp;24661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245870 |
| Thermo Fisher Scientific, Inc. | 162451 | 83494940 |
| Theseus Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32280 |
| Travere Therapeutics, Inc. \* | &nbsp;&nbsp;22407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485784 |
| Trevi Therapeutics, Inc. \* | &nbsp;&nbsp;12557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24863 |
| Tricida, Inc. \* | &nbsp;&nbsp;14891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4948 |
| Twist Bioscience Corp. \* | &nbsp;&nbsp;23587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774361 |
| Tyra Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29064 |
| Ultragenyx Pharmaceutical, Inc. \* | &nbsp;&nbsp;28884 | &nbsp;&nbsp;&nbsp;1168647 |
| uniQure N.V. \* | &nbsp;&nbsp;18083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336705 |
| United Therapeutics Corp. \* | &nbsp;&nbsp;18910 | &nbsp;&nbsp;&nbsp;4359322 |
| UNITY Biotechnology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13142 |
| Vanda Pharmaceuticals, Inc. \* | &nbsp;&nbsp;24287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254285 |
| Vaxart, Inc. *\*(a)* | &nbsp;&nbsp;53313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89033 |
| Vaxcyte, Inc. \* | &nbsp;&nbsp;24658 | &nbsp;&nbsp;&nbsp;1075335 |
| Vaxxinity, Inc., Class A \* | &nbsp;&nbsp;22917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30250 |
| VBI Vaccines, Inc. \* | &nbsp;&nbsp;95399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68697 |
| Ventyx Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301073 |
| Vera Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125764 |
| Veracyte, Inc. \* | &nbsp;&nbsp;30348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610298 |
| Verastem, Inc. \* | 198221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83253 |
| Vericel Corp. \* | &nbsp;&nbsp;18920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508570 |
| Verrica Pharmaceuticals, Inc. \* | &nbsp;&nbsp;12572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31304 |
| Vertex Pharmaceuticals, Inc. \* | 106358 | 33183696 |
| Verve Therapeutics, Inc. \* | &nbsp;&nbsp;16991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640561 |
| Viatris, Inc. | 501623 | &nbsp;&nbsp;&nbsp;5081441 |
| Vigil Neuroscience, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;5235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82085 |
| Viking Therapeutics, Inc. \* | &nbsp;&nbsp;28966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118761 |
| Vir Biotechnology, Inc. \* | &nbsp;&nbsp;30375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667642 |
| Viracta Therapeutics, Inc. \* | &nbsp;&nbsp;12430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48850 |
| Viridian Therapeutics, Inc. \* | &nbsp;&nbsp;15205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302580 |
| Vor BioPharma, Inc. \* | &nbsp;&nbsp;10875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52309 |
| Voyager Therapeutics, Inc. \* | &nbsp;&nbsp;12446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64470 |
| Waters Corp. \* | &nbsp;&nbsp;24741 | &nbsp;&nbsp;&nbsp;7401765 |
| WaVe Life Sciences Ltd. \* | &nbsp;&nbsp;29975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143580 |
| Werewolf Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20667 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;30811 | &nbsp;&nbsp;&nbsp;7089611 |
| X4 Pharmaceuticals, Inc. \* | &nbsp;&nbsp;42386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80533 |
| XBiotech, Inc. \* | &nbsp;&nbsp;10477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36774 |

---

<sub>97</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Xencor, Inc. \* | &nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672000 |
| Xeris Biopharma Holdings, Inc. \* | &nbsp;&nbsp;47467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75947 |
| XOMA Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71837 |
| Y-mAbs Therapeutics, Inc. \* | &nbsp;&nbsp;13495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48717 |
| Zentalis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;17233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432376 |
| Zoetis, Inc. | 194370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29307109 |
| Zynerba Pharmaceuticals, Inc. \* | &nbsp;&nbsp;37596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27449 |
|  |  | **1391065896** |
| &nbsp;&nbsp;**Real Estate 3.2%** | &nbsp;&nbsp;**Real Estate 3.2%** | &nbsp;&nbsp;**Real Estate 3.2%** |
| Acadia Realty Trust | &nbsp;&nbsp;40417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564625 |
| Agree Realty Corp. | &nbsp;&nbsp;33547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2304679 |
| Alexander & Baldwin, Inc. | &nbsp;&nbsp;28776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560556 |
| Alexander's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187677 |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;61555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8943941 |
| Alpine Income Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85294 |
| Altisource Portfolio Solutions S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;2202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25191 |
| American Assets Trust, Inc. | &nbsp;&nbsp;21772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598295 |
| American Homes 4 Rent, Class A | 125324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4002849 |
| American Tower Corp. | 193073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40002795 |
| Americold Realty Trust, Inc. | 111270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2698297 |
| Anywhere Real Estate, Inc. \* | &nbsp;&nbsp;48041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356945 |
| Apartment Income REIT Corp. | &nbsp;&nbsp;63773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2450796 |
| Apartment Investment & Management Co., Class A | &nbsp;&nbsp;64227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509962 |
| Apple Hospitality REIT, Inc. | &nbsp;&nbsp;87143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1491888 |
| Armada Hoffler Properties, Inc. | &nbsp;&nbsp;28123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328758 |
| Ashford Hospitality Trust, Inc. \* | &nbsp;&nbsp;11867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96360 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;57838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10128591 |
| Bluerock Homes Trust, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38861 |
| Boston Properties, Inc. | &nbsp;&nbsp;59003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4289518 |
| Braemar Hotels & Resorts, Inc. | &nbsp;&nbsp;24766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122096 |
| Brandywine Realty Trust | &nbsp;&nbsp;69309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454667 |
| Brixmor Property Group, Inc. | 123425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2630187 |
| Broadstone Net Lease, Inc. | &nbsp;&nbsp;72575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1243936 |
| BRT Apartments Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122545 |
| Camden Property Trust | &nbsp;&nbsp;44318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5120945 |
| CareTrust REIT, Inc. | &nbsp;&nbsp;40241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751702 |
| CBL & Associates Properties, Inc. | &nbsp;&nbsp;10443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300027 |
| CBRE Group, Inc., Class A \* | 133200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9449208 |
| Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;6268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434372 |
| Chatham Lodging Trust \* | &nbsp;&nbsp;18688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242383 |
| City Office REIT, Inc. | &nbsp;&nbsp;16407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174242 |
| Clipper Realty, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37456 |
| Community Healthcare Trust, Inc. | &nbsp;&nbsp;10035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347211 |
| Compass, Inc., Class A \* | 110080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290611 |
| Corporate Office Properties Trust | &nbsp;&nbsp;45685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1217505 |
| Cousins Properties, Inc. | &nbsp;&nbsp;64055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521947 |
| Creative Media & Community Trust Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21921 |
| Crown Castle, Inc. | 179567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23929098 |
| CTO Realty Growth, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157202 |
| CubeSmart | &nbsp;&nbsp;92599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3877120 |
| Cushman & Wakefield plc \* | &nbsp;&nbsp;66084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763270 |
| DiamondRock Hospitality Co. | &nbsp;&nbsp;88294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824666 |
| Digital Realty Trust, Inc. | 119429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11972757 |
| DigitalBridge Group, Inc. | &nbsp;&nbsp;61036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781264 |
| Diversified Healthcare Trust | &nbsp;&nbsp;96849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131715 |
| Douglas Elliman, Inc. | &nbsp;&nbsp;26736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123520 |
| Douglas Emmett, Inc. | &nbsp;&nbsp;71613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1259673 |
| Easterly Government Properties, Inc. | &nbsp;&nbsp;38052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661724 |
| EastGroup Properties, Inc. | &nbsp;&nbsp;18293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2866330 |
| Elme Communities | &nbsp;&nbsp;36405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694971 |
| Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp;58131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428425 |
| EPR Properties | &nbsp;&nbsp;30556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1179462 |
| Equinix, Inc. | &nbsp;&nbsp;37707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21358753 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Equity Commonwealth | &nbsp;&nbsp;45821 | 1198677 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;72573 | 4641769 |
| Equity Residential | 139994 | 8822422 |
| Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;58921 | 1267980 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;27172 | 6038705 |
| eXp World Holdings, Inc. *(a)* | &nbsp;&nbsp;31554 | &nbsp;&nbsp;&nbsp;&nbsp;416828 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;55580 | 9862115 |
| Farmland Partners, Inc. | &nbsp;&nbsp;21207 | &nbsp;&nbsp;&nbsp;&nbsp;297110 |
| Federal Realty Investment Trust | &nbsp;&nbsp;30333 | 3002360 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;54948 | 2617173 |
| Forestar Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79265 |
| Four Corners Property Trust, Inc. | &nbsp;&nbsp;34160 | &nbsp;&nbsp;&nbsp;&nbsp;875179 |
| Franklin Street Properties Corp. | &nbsp;&nbsp;36290 | &nbsp;&nbsp;&nbsp;&nbsp;104515 |
| FRP Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;145512 |
| Gaming & Leisure Properties, Inc. | 106148 | 5320138 |
| Getty Realty Corp. | &nbsp;&nbsp;17969 | &nbsp;&nbsp;&nbsp;&nbsp;565844 |
| Gladstone Commercial Corp. | &nbsp;&nbsp;16360 | &nbsp;&nbsp;&nbsp;&nbsp;287772 |
| Gladstone Land Corp. | &nbsp;&nbsp;12206 | &nbsp;&nbsp;&nbsp;&nbsp;248392 |
| Global Medical REIT, Inc. | &nbsp;&nbsp;26096 | &nbsp;&nbsp;&nbsp;&nbsp;238517 |
| Global Net Lease, Inc. | &nbsp;&nbsp;47002 | &nbsp;&nbsp;&nbsp;&nbsp;575775 |
| Global Self Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39939 |
| Healthcare Realty Trust, Inc. | 157803 | 3208135 |
| Healthpeak Properties, Inc. | 224516 | 5327765 |
| Hersha Hospitality Trust | &nbsp;&nbsp;15131 | &nbsp;&nbsp;&nbsp;&nbsp;138449 |
| Highwoods Properties, Inc. | &nbsp;&nbsp;43773 | 1235712 |
| Host Hotels & Resorts, Inc. | 297914 | 5624616 |
| Hudson Pacific Properties, Inc. | &nbsp;&nbsp;56547 | &nbsp;&nbsp;&nbsp;&nbsp;624279 |
| Independence Realty Trust, Inc. | &nbsp;&nbsp;93616 | 1569004 |
| Indus Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89856 |
| Industrial Logistics Properties Trust | &nbsp;&nbsp;25951 | &nbsp;&nbsp;&nbsp;&nbsp;121451 |
| Innovative Industrial Properties, Inc. | &nbsp;&nbsp;11457 | 1238502 |
| InvenTrust Properties Corp. | &nbsp;&nbsp;27718 | &nbsp;&nbsp;&nbsp;&nbsp;698494 |
| Invitation Homes, Inc. | 240298 | 7615044 |
| Iron Mountain, Inc. | 120671 | 6041997 |
| iStar, Inc. | &nbsp;&nbsp;34333 | &nbsp;&nbsp;&nbsp;&nbsp;359810 |
| JBG SMITH Properties | &nbsp;&nbsp;43209 | &nbsp;&nbsp;&nbsp;&nbsp;850353 |
| Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;19916 | 3168436 |
| Kennedy-Wilson Holdings, Inc. | &nbsp;&nbsp;47376 | &nbsp;&nbsp;&nbsp;&nbsp;786915 |
| Kilroy Realty Corp. | &nbsp;&nbsp;44547 | 1903939 |
| Kimco Realty Corp. | 257282 | 5500689 |
| Kite Realty Group Trust | &nbsp;&nbsp;93450 | 1835358 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp;36155 | 3334576 |
| Life Storage, Inc. | &nbsp;&nbsp;35122 | 3884844 |
| LTC Properties, Inc. | &nbsp;&nbsp;16483 | &nbsp;&nbsp;&nbsp;&nbsp;637398 |
| LXP Industrial Trust | 114282 | 1106250 |
| Marcus & Millichap, Inc. | &nbsp;&nbsp;10209 | &nbsp;&nbsp;&nbsp;&nbsp;376100 |
| Maui Land & Pineapple Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29733 |
| Medical Properties Trust, Inc. | 250788 | 2871523 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;47959 | 7551145 |
| Modiv, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;3196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33750 |
| National Health Investors, Inc. | &nbsp;&nbsp;18522 | 1050197 |
| National Retail Properties, Inc. | &nbsp;&nbsp;73444 | 3086851 |
| National Storage Affiliates Trust | &nbsp;&nbsp;36469 | 1555768 |
| NETSTREIT Corp. | &nbsp;&nbsp;23067 | &nbsp;&nbsp;&nbsp;&nbsp;434121 |
| New Century Financial Corp. *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| New York City REIT, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19174 |
| Newmark Group, Inc., Class A | &nbsp;&nbsp;53804 | &nbsp;&nbsp;&nbsp;&nbsp;440655 |
| NexPoint Residential Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9644 | &nbsp;&nbsp;&nbsp;&nbsp;439766 |
| Offerpad Solutions, Inc. *\*(a)* | &nbsp;&nbsp;27533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26831 |
| Office Properties Income Trust | &nbsp;&nbsp;20035 | &nbsp;&nbsp;&nbsp;&nbsp;306536 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;97507 | 3098772 |
| One Liberty Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6163 | &nbsp;&nbsp;&nbsp;&nbsp;138914 |
| Opendoor Technologies, Inc. \* | 209386 | &nbsp;&nbsp;&nbsp;&nbsp;542310 |
| Orion Office REIT, Inc. | &nbsp;&nbsp;24022 | &nbsp;&nbsp;&nbsp;&nbsp;225086 |
| Outfront Media, Inc. | &nbsp;&nbsp;61207 | 1104786 |
| Paramount Group, Inc. | &nbsp;&nbsp;74241 | &nbsp;&nbsp;&nbsp;&nbsp;480339 |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp;93264 | 1219893 |

---

<sub>98</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Pebblebrook Hotel Trust | &nbsp;&nbsp;54296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870908 |
| Phillips Edison & Co., Inc. | &nbsp;&nbsp;48822 | &nbsp;&nbsp;&nbsp;1471495 |
| Physicians Realty Trust | &nbsp;&nbsp;93146 | &nbsp;&nbsp;&nbsp;1402779 |
| Piedmont Office Realty Trust, Inc., Class A | &nbsp;&nbsp;49325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515446 |
| Plymouth Industrial REIT, Inc. | &nbsp;&nbsp;15389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283773 |
| Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115044 |
| PotlatchDeltic Corp. | &nbsp;&nbsp;33010 | &nbsp;&nbsp;&nbsp;1468589 |
| Power REIT \* | &nbsp;&nbsp;&nbsp;&nbsp;1270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11113 |
| Presidio Property Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10372 |
| Prologis, Inc. | 382980 | 42415035 |
| Public Storage | &nbsp;&nbsp;65416 | 20262606 |
| Rayonier, Inc. | &nbsp;&nbsp;60689 | &nbsp;&nbsp;&nbsp;2045219 |
| RE/MAX Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136979 |
| Realty Income Corp. | 256127 | 15949028 |
| Redfin Corp. \* | &nbsp;&nbsp;46168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222068 |
| Regency Centers Corp. | &nbsp;&nbsp;63366 | &nbsp;&nbsp;&nbsp;3834277 |
| Retail Opportunity Investments Corp. | &nbsp;&nbsp;49679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719352 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;71300 | &nbsp;&nbsp;&nbsp;3941464 |
| RLJ Lodging Trust | &nbsp;&nbsp;65496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797086 |
| RPT Realty | &nbsp;&nbsp;33736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313745 |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;23078 | &nbsp;&nbsp;&nbsp;2052096 |
| Sabra Health Care REIT, Inc. | &nbsp;&nbsp;95077 | &nbsp;&nbsp;&nbsp;1298752 |
| Safehold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195595 |
| Saul Centers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236200 |
| SBA Communications Corp. | &nbsp;&nbsp;44717 | 12069118 |
| Seritage Growth Properties, Class A *\*(a)* | &nbsp;&nbsp;13603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145960 |
| Service Properties Trust | &nbsp;&nbsp;69542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563986 |
| Simon Property Group, Inc. | 135914 | 14811908 |
| SITE Centers Corp. | &nbsp;&nbsp;74504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922360 |
| SL Green Realty Corp. | &nbsp;&nbsp;26542 | &nbsp;&nbsp;&nbsp;1053187 |
| Spirit Realty Capital, Inc. | &nbsp;&nbsp;56714 | &nbsp;&nbsp;&nbsp;2202205 |
| STAG Industrial, Inc. | &nbsp;&nbsp;73599 | &nbsp;&nbsp;&nbsp;2324992 |
| STORE Capital Corp. | 110321 | &nbsp;&nbsp;&nbsp;3508208 |
| Stratus Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100445 |
| Summit Hotel Properties, Inc. | &nbsp;&nbsp;47221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407989 |
| Sun Communities, Inc. | &nbsp;&nbsp;51287 | &nbsp;&nbsp;&nbsp;6916052 |
| Sunstone Hotel Investors, Inc. | &nbsp;&nbsp;87253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972871 |
| Tanger Factory Outlet Centers, Inc. | &nbsp;&nbsp;42171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759500 |
| Tejon Ranch Co. \* | &nbsp;&nbsp;11108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188170 |
| Terreno Realty Corp. | &nbsp;&nbsp;27290 | &nbsp;&nbsp;&nbsp;1559351 |
| The Howard Hughes Corp. \* | &nbsp;&nbsp;14938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916446 |
| The Macerich Co. | &nbsp;&nbsp;89804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999519 |
| The Necessity Retail REIT, Inc. | &nbsp;&nbsp;54360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371822 |
| The RMR Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168189 |
| The St. Joe Co. | &nbsp;&nbsp;14358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510140 |
| Transcontinental Realty Investors, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34968 |
| Trinity Place Holdings, Inc. \* | &nbsp;&nbsp;31763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24140 |
| UDR, Inc. | 126530 | &nbsp;&nbsp;&nbsp;5030833 |
| UMH Properties, Inc. | &nbsp;&nbsp;22187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389160 |
| Uniti Group, Inc. | &nbsp;&nbsp;99003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768263 |
| Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;4762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231767 |
| Urban Edge Properties | &nbsp;&nbsp;49559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699773 |
| Urstadt Biddle Properties, Inc., Class A | &nbsp;&nbsp;13664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256063 |
| Ventas, Inc. | 165586 | &nbsp;&nbsp;&nbsp;6479380 |
| Veris Residential, Inc. \* | &nbsp;&nbsp;32057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507462 |
| VICI Properties, Inc. | 399362 | 12787571 |
| Vornado Realty Trust | &nbsp;&nbsp;68363 | &nbsp;&nbsp;&nbsp;1612683 |
| Welltower, Inc. | 192201 | 11731949 |
| WeWork, Inc., Class A *\*(a)* | 100911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259341 |
| Weyerhaeuser Co. | 306148 | &nbsp;&nbsp;&nbsp;9469158 |
| Whitestone REIT | &nbsp;&nbsp;20066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188821 |
| WP Carey, Inc. | &nbsp;&nbsp;86225 | &nbsp;&nbsp;&nbsp;6578967 |
| Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;46347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791607 |
| Zillow Group, Inc., Class A \* | &nbsp;&nbsp;24333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752620 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Zillow Group, Inc., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;68016 | &nbsp;&nbsp;&nbsp;&nbsp;2098974 |
|  |  | **516473837** |
| &nbsp;&nbsp;**Retailing 5.4%** | &nbsp;&nbsp;**Retailing 5.4%** | &nbsp;&nbsp;**Retailing 5.4%** |
| 1-800-Flowers.com, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;11856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86430 |
| 1stdibs.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66041 |
| Abercrombie & Fitch Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;21678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381099 |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34739 | &nbsp;&nbsp;&nbsp;&nbsp;1529558 |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25267 | &nbsp;&nbsp;&nbsp;&nbsp;4798709 |
| Amazon.com, Inc. \* | 3676510 | &nbsp;&nbsp;376621684 |
| American Eagle Outfitters, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759473 |
| America's Car-Mart, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154220 |
| Arhaus, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142426 |
| Arko Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311836 |
| Asbury Automotive Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9135 | &nbsp;&nbsp;&nbsp;&nbsp;1441046 |
| AutoNation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15816 | &nbsp;&nbsp;&nbsp;&nbsp;1681399 |
| AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8082 | &nbsp;&nbsp;&nbsp;&nbsp;20470736 |
| BARK, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;57147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104579 |
| Barnes & Noble Education, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33159 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95233 | &nbsp;&nbsp;&nbsp;&nbsp;3178878 |
| Bed Bath & Beyond, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;27450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125447 |
| Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83044 | &nbsp;&nbsp;&nbsp;&nbsp;5681040 |
| Big 5 Sporting Goods Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99549 |
| Big Lots, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224874 |
| Boot Barn Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712045 |
| Brilliant Earth Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32040 |
| Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109480 |
| Burlington Stores, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27430 | &nbsp;&nbsp;&nbsp;&nbsp;3921393 |
| Caleres, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408939 |
| Camping World Holdings, Inc., Class A *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;15765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438740 |
| CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;66714 | &nbsp;&nbsp;&nbsp;&nbsp;4203649 |
| CarParts.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119139 |
| Carvana Co. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;41387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559966 |
| Chewy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;37157 | &nbsp;&nbsp;&nbsp;&nbsp;1439091 |
| Chico's FAS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303673 |
| Citi Trends, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75246 |
| Conn's, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60672 |
| ContextLogic, Inc., Class A \* | &nbsp;&nbsp;&nbsp;236454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185143 |
| Designer Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;22259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339005 |
| Destination XL Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153814 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23603 | &nbsp;&nbsp;&nbsp;&nbsp;2685077 |
| Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493185 |
| Dollar General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;94095 | &nbsp;&nbsp;&nbsp;&nbsp;23998930 |
| Dollar Tree, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;87403 | &nbsp;&nbsp;&nbsp;&nbsp;13853375 |
| DoorDash, Inc., Class A \* | &nbsp;&nbsp;&nbsp;108430 | &nbsp;&nbsp;&nbsp;&nbsp;4719958 |
| Duluth Holdings, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51591 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;229071 | &nbsp;&nbsp;&nbsp;&nbsp;9126189 |
| Etsy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52456 | &nbsp;&nbsp;&nbsp;&nbsp;4926143 |
| EVgo, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;28647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212274 |
| Five Below, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22897 | &nbsp;&nbsp;&nbsp;&nbsp;3350976 |
| Floor & Decor Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;44514 | &nbsp;&nbsp;&nbsp;&nbsp;3265992 |
| Foot Locker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32883 | &nbsp;&nbsp;&nbsp;&nbsp;1042391 |
| Franchise Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348084 |
| Funko, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;14201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293251 |
| GameStop Corp., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;105656 | &nbsp;&nbsp;&nbsp;&nbsp;2991121 |
| Genesco, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249359 |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;58624 | &nbsp;&nbsp;&nbsp;&nbsp;10426865 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6427 | &nbsp;&nbsp;&nbsp;&nbsp;1111871 |
| Groupon, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60058 |
| Grove Collaborative Holdings *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;17338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23060 |
| GrowGeneration Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;25514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91085 |
| Guess?, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250506 |
| Haverty Furniture Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159294 |
| Hibbett, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326581 |
| J Jill Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57242 |
| JOANN, Inc. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27492 |

---

<sub>99</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Kirkland's, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;6028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22846 |
| Kohl's Corp. | &nbsp;&nbsp;53924 | &nbsp;&nbsp;&nbsp;&nbsp;1615024 |
| Lands' End, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46384 |
| Lazydays Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33051 |
| Leslie's, Inc. \* | &nbsp;&nbsp;61714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866465 |
| Liquidity Services, Inc. \* | &nbsp;&nbsp;10485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180132 |
| Lithia Motors, Inc. | &nbsp;&nbsp;11498 | &nbsp;&nbsp;&nbsp;&nbsp;2278329 |
| LKQ Corp. | 107764 | &nbsp;&nbsp;&nbsp;&nbsp;5995989 |
| LL Flooring Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80554 |
| Lowe's Cos., Inc. | 264915 | &nbsp;&nbsp;&nbsp;51645179 |
| Lulu's Fashion Lounge Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16645 |
| Macy's, Inc. | 112809 | &nbsp;&nbsp;&nbsp;&nbsp;2352068 |
| MarineMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284102 |
| Monro, Inc. | &nbsp;&nbsp;13330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636507 |
| Murphy USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8920 | &nbsp;&nbsp;&nbsp;&nbsp;2805429 |
| National Vision Holdings, Inc. \* | &nbsp;&nbsp;32814 | &nbsp;&nbsp;&nbsp;&nbsp;1215431 |
| Nordstrom, Inc. | &nbsp;&nbsp;46290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941539 |
| Ollie's Bargain Outlet Holdings, Inc. \* | &nbsp;&nbsp;23953 | &nbsp;&nbsp;&nbsp;&nbsp;1341368 |
| OneWater Marine, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141306 |
| O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;26425 | &nbsp;&nbsp;&nbsp;22122217 |
| Overstock.com, Inc. \* | &nbsp;&nbsp;19472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452724 |
| Party City Holdco, Inc. \* | &nbsp;&nbsp;42981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72638 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;10535 | &nbsp;&nbsp;&nbsp;&nbsp;1175917 |
| Petco Health & Wellness Co., Inc. \* | &nbsp;&nbsp;33512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352881 |
| PetMed Express, Inc. | &nbsp;&nbsp;10374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221174 |
| Polished.Com, Inc. \* | &nbsp;&nbsp;39276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25145 |
| Pool Corp. | &nbsp;&nbsp;16440 | &nbsp;&nbsp;&nbsp;&nbsp;5001541 |
| Porch Group, Inc. \* | &nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44880 |
| Poshmark, Inc., Class A \* | &nbsp;&nbsp;18105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323355 |
| Quotient Technology, Inc. \* | &nbsp;&nbsp;36556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89928 |
| Qurate Retail, Inc., Class A | 145107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339550 |
| Rent the Runway, Inc., Class A *\*(a)* | &nbsp;&nbsp;22080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43056 |
| Rent-A-Center, Inc. | &nbsp;&nbsp;22343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465852 |
| Revolve Group, Inc. \* | &nbsp;&nbsp;16774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402576 |
| RH \* | &nbsp;&nbsp;&nbsp;&nbsp;8245 | &nbsp;&nbsp;&nbsp;&nbsp;2093653 |
| Ross Stores, Inc. | 145446 | &nbsp;&nbsp;&nbsp;13917728 |
| RumbleON, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;3322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54381 |
| Sally Beauty Holdings, Inc. \* | &nbsp;&nbsp;43486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552707 |
| Shift Technologies, Inc. \* | &nbsp;&nbsp;60782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32214 |
| Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153424 |
| Signet Jewelers Ltd. | &nbsp;&nbsp;19313 | &nbsp;&nbsp;&nbsp;&nbsp;1259980 |
| Sleep Number Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255319 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371102 |
| Sportsman's Warehouse Holdings, Inc. \* | &nbsp;&nbsp;18342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164711 |
| Stitch Fix, Inc., Class A \* | &nbsp;&nbsp;32183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128732 |
| Target Corp. | 192465 | &nbsp;&nbsp;&nbsp;31612376 |
| The Aaron's Co., Inc. | &nbsp;&nbsp;12845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133845 |
| The Buckle, Inc. | &nbsp;&nbsp;12022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472825 |
| The Cato Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94661 |
| The Children's Place, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239884 |
| The Container Store Group, Inc. \* | &nbsp;&nbsp;14357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77959 |
| The Gap, Inc. | &nbsp;&nbsp;87050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981053 |
| The Home Depot, Inc. | 426146 | 126194615 |
| The ODP Corp. \* | &nbsp;&nbsp;17930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709490 |
| The TJX Cos., Inc. | 485775 | &nbsp;&nbsp;&nbsp;35024377 |
| Tile Shop Holdings, Inc. | &nbsp;&nbsp;15152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59699 |
| Tilly's, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;9759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86465 |
| Torrid Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;4414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21761 |
| Tractor Supply Co. | &nbsp;&nbsp;46132 | &nbsp;&nbsp;&nbsp;10138430 |
| TravelCenters of America, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349372 |
| Ulta Beauty, Inc. \* | &nbsp;&nbsp;21497 | &nbsp;&nbsp;&nbsp;&nbsp;9015197 |
| Urban Outfitters, Inc. \* | &nbsp;&nbsp;24076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574453 |
| Victoria's Secret & Co. \* | &nbsp;&nbsp;34060 | &nbsp;&nbsp;&nbsp;&nbsp;1280656 |
| Vivid Seats, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73800 |
| Volta, Inc. *\*(a)* | &nbsp;&nbsp;46753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51896 |
| Vroom, Inc. *\*(a)* | &nbsp;&nbsp;52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54080 |
| Warby Parker, Inc., Class A *\*(a)* | &nbsp;&nbsp;26700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428535 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Wayfair, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;31566 | &nbsp;&nbsp;&nbsp;&nbsp;1196983 |
| Weyco Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80719 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28677 | &nbsp;&nbsp;&nbsp;&nbsp;3551073 |
| Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294167 |
| Xometry, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;12314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739579 |
| Zumiez, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156135 |
|  |  | **861405986** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.3%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.3%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 4.3%** |
| ACM Research, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;17500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112000 |
| Advanced Micro Devices, Inc. \* | &nbsp;&nbsp;&nbsp;669824 | &nbsp;&nbsp;&nbsp;&nbsp;40229629 |
| Aehr Test Systems *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;10009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205885 |
| Allegro MicroSystems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;26836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681903 |
| Alpha & Omega Semiconductor Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284827 |
| Ambarella, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821935 |
| Amkor Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843138 |
| Amtech Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58519 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;215456 | &nbsp;&nbsp;&nbsp;&nbsp;30728335 |
| Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;360801 | &nbsp;&nbsp;&nbsp;&nbsp;31855120 |
| Atomera, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74684 |
| Axcelis Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772328 |
| AXT, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;15887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72127 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;167422 | &nbsp;&nbsp;&nbsp;&nbsp;78708431 |
| CEVA, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254029 |
| Cirrus Logic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23294 | &nbsp;&nbsp;&nbsp;&nbsp;1563493 |
| Cohu, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671535 |
| Credo Technology Group Holding Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;37719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518259 |
| CyberOptics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142589 |
| Diodes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18319 | &nbsp;&nbsp;&nbsp;&nbsp;1312923 |
| Enphase Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;56248 | &nbsp;&nbsp;&nbsp;&nbsp;17268136 |
| Entegris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61682 | &nbsp;&nbsp;&nbsp;&nbsp;4893851 |
| Everspin Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58612 |
| First Solar, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;41103 | &nbsp;&nbsp;&nbsp;&nbsp;5983364 |
| FormFactor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646659 |
| Ichor Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;12049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306527 |
| Impinj, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993154 |
| indie Semiconductor, Inc., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;28439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222393 |
| Intel Corp. | 1702857 | &nbsp;&nbsp;&nbsp;&nbsp;48412225 |
| inTEST Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37187 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;58787 | &nbsp;&nbsp;&nbsp;&nbsp;18603146 |
| Kopin Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;40189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43404 |
| Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24818 | &nbsp;&nbsp;&nbsp;&nbsp;1040867 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56830 | &nbsp;&nbsp;&nbsp;&nbsp;23003647 |
| Lattice Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;56590 | &nbsp;&nbsp;&nbsp;&nbsp;2745181 |
| MACOM Technology Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21011 | &nbsp;&nbsp;&nbsp;&nbsp;1215907 |
| Marvell Technology, Inc. | &nbsp;&nbsp;&nbsp;351849 | &nbsp;&nbsp;&nbsp;&nbsp;13961368 |
| MaxLinear, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981613 |
| Meta Materials, Inc. \* | &nbsp;&nbsp;&nbsp;164284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174141 |
| Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp;229403 | &nbsp;&nbsp;&nbsp;&nbsp;14163341 |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;457489 | &nbsp;&nbsp;&nbsp;&nbsp;24750155 |
| MKS Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23985 | &nbsp;&nbsp;&nbsp;&nbsp;1970368 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18572 | &nbsp;&nbsp;&nbsp;&nbsp;6304265 |
| Navitas Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;34387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144769 |
| NVE Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118563 |
| NVIDIA Corp. | 1038721 | &nbsp;&nbsp;140196173 |
| NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp;108999 | &nbsp;&nbsp;&nbsp;&nbsp;15922574 |
| ON Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;179906 | &nbsp;&nbsp;&nbsp;&nbsp;11051626 |
| Onto Innovation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21213 | &nbsp;&nbsp;&nbsp;&nbsp;1417877 |
| PDF Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293713 |
| Photronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409879 |
| Pixelworks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30962 |
| Power Integrations, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23718 | &nbsp;&nbsp;&nbsp;&nbsp;1582228 |
| Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;43113 | &nbsp;&nbsp;&nbsp;&nbsp;3711167 |
| QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;465695 | &nbsp;&nbsp;&nbsp;&nbsp;54793674 |
| QuickLogic Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51303 |

---

<sub>100</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Rambus, Inc. \* | &nbsp;&nbsp;45028 | &nbsp;&nbsp;&nbsp;&nbsp;1358045 |
| Rigetti Computing, Inc., Class A \* | &nbsp;&nbsp;30086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63181 |
| Rockley Photonics Holdings Ltd. \* | &nbsp;&nbsp;41332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21083 |
| Semtech Corp. \* | &nbsp;&nbsp;25993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719746 |
| Silicon Laboratories, Inc. \* | &nbsp;&nbsp;14216 | &nbsp;&nbsp;&nbsp;&nbsp;1633703 |
| SiTime Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568677 |
| SkyWater Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22294 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;66278 | &nbsp;&nbsp;&nbsp;&nbsp;5700571 |
| SMART Global Holdings, Inc. \* | &nbsp;&nbsp;20089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271804 |
| SolarEdge Technologies, Inc. \* | &nbsp;&nbsp;22992 | &nbsp;&nbsp;&nbsp;&nbsp;5288850 |
| Synaptics, Inc. \* | &nbsp;&nbsp;16128 | &nbsp;&nbsp;&nbsp;&nbsp;1428941 |
| Teradyne, Inc. | &nbsp;&nbsp;64949 | &nbsp;&nbsp;&nbsp;&nbsp;5283601 |
| Texas Instruments, Inc. | 378700 | &nbsp;&nbsp;&nbsp;&nbsp;60830581 |
| Transphorm, Inc. \* | &nbsp;&nbsp;11592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79985 |
| Ultra Clean Holdings, Inc. \* | &nbsp;&nbsp;18706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581944 |
| Universal Display Corp. | &nbsp;&nbsp;18394 | &nbsp;&nbsp;&nbsp;&nbsp;1751477 |
| Veeco Instruments, Inc. \* | &nbsp;&nbsp;24066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438723 |
| Wolfspeed, Inc. \* | &nbsp;&nbsp;51175 | &nbsp;&nbsp;&nbsp;&nbsp;4030031 |
|  |  | **697488945** |
| &nbsp;&nbsp;**Software & Services 12.7%** | &nbsp;&nbsp;**Software & Services 12.7%** | &nbsp;&nbsp;**Software & Services 12.7%** |
| 8x8, Inc. \* | &nbsp;&nbsp;52591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222460 |
| A10 Networks, Inc. | &nbsp;&nbsp;27651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464537 |
| Accenture plc, Class A | 262202 | &nbsp;&nbsp;&nbsp;&nbsp;74439148 |
| ACI Worldwide, Inc. \* | &nbsp;&nbsp;46724 | &nbsp;&nbsp;&nbsp;&nbsp;1136795 |
| Adeia, Inc. | &nbsp;&nbsp;42590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476156 |
| Adobe, Inc. \* | 194109 | &nbsp;&nbsp;&nbsp;&nbsp;61823716 |
| Affirm Holdings, Inc. \* | &nbsp;&nbsp;84607 | &nbsp;&nbsp;&nbsp;&nbsp;1698062 |
| AgileThought, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38250 |
| Agilysys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524012 |
| Akamai Technologies, Inc. \* | &nbsp;&nbsp;65757 | &nbsp;&nbsp;&nbsp;&nbsp;5808316 |
| Alarm.com Holdings, Inc. \* | &nbsp;&nbsp;20557 | &nbsp;&nbsp;&nbsp;&nbsp;1209574 |
| Alkami Technology, Inc. \* | &nbsp;&nbsp;15859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251365 |
| Altair Engineering, Inc., Class A \* | &nbsp;&nbsp;21241 | &nbsp;&nbsp;&nbsp;&nbsp;1041871 |
| Alteryx, Inc., Class A \* | &nbsp;&nbsp;24835 | &nbsp;&nbsp;&nbsp;&nbsp;1210210 |
| American Software, Inc., Class A | &nbsp;&nbsp;13798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236360 |
| Amplitude, Inc., Class A \* | &nbsp;&nbsp;21750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365400 |
| ANSYS, Inc. \* | &nbsp;&nbsp;36069 | &nbsp;&nbsp;&nbsp;&nbsp;7977020 |
| Appfolio, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970113 |
| Appian Corp. \* | &nbsp;&nbsp;16978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828866 |
| AppLovin Corp., Class A \* | &nbsp;&nbsp;50523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856870 |
| Arteris, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54957 |
| Asana, Inc., Class A \* | &nbsp;&nbsp;31239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643523 |
| Aspen Technology, Inc. \* | &nbsp;&nbsp;12084 | &nbsp;&nbsp;&nbsp;&nbsp;2917682 |
| Asure Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48926 |
| AudioEye, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23005 |
| Autodesk, Inc. \* | &nbsp;&nbsp;90169 | &nbsp;&nbsp;&nbsp;&nbsp;19323217 |
| Automatic Data Processing, Inc. | 172242 | &nbsp;&nbsp;&nbsp;&nbsp;41630891 |
| AvePoint, Inc. \* | &nbsp;&nbsp;34675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151530 |
| AvidXchange Holdings, Inc. \* | &nbsp;&nbsp;56022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509800 |
| Backblaze, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25218 |
| Benefitfocus, Inc. \* | &nbsp;&nbsp;12031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84819 |
| Bentley Systems, Inc., Class B | &nbsp;&nbsp;80599 | &nbsp;&nbsp;&nbsp;&nbsp;2843533 |
| BigCommerce Holdings, Inc. \* | &nbsp;&nbsp;23831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354129 |
| Bill.com Holdings, Inc. \* | &nbsp;&nbsp;38996 | &nbsp;&nbsp;&nbsp;&nbsp;5200507 |
| Black Knight, Inc. \* | &nbsp;&nbsp;64734 | &nbsp;&nbsp;&nbsp;&nbsp;3914465 |
| Blackbaud, Inc. \* | &nbsp;&nbsp;18530 | &nbsp;&nbsp;&nbsp;&nbsp;1013591 |
| Blackline, Inc. \* | &nbsp;&nbsp;22646 | &nbsp;&nbsp;&nbsp;&nbsp;1268176 |
| Blend Labs, Inc., Class A *\*(a)* | &nbsp;&nbsp;73956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185630 |
| Block, Inc. \* | 220360 | &nbsp;&nbsp;&nbsp;&nbsp;13237025 |
| Box, Inc., Class A \* | &nbsp;&nbsp;59314 | &nbsp;&nbsp;&nbsp;&nbsp;1723072 |
| Braze, Inc., Class A *\*(a)* | &nbsp;&nbsp;12447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368556 |
| Brightcove, Inc. \* | &nbsp;&nbsp;15409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103240 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;48489 | &nbsp;&nbsp;&nbsp;&nbsp;7276259 |
| BTRS Holdings, Inc., Class A \* | &nbsp;&nbsp;38657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364922 |
| C3.ai, Inc., Class A \* | &nbsp;&nbsp;34968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458430 |
| Cadence Design Systems, Inc. \* | 113554 | &nbsp;&nbsp;&nbsp;&nbsp;17190940 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Cantaloupe, Inc. \* | &nbsp;&nbsp;26721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89515 |
| Cass Information Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213643 |
| CCC Intelligent Solutions Holdings, Inc. \* | &nbsp;&nbsp;44273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413067 |
| Cerberus Cyber Sentinel Corp. *\*(a)* | &nbsp;&nbsp;16788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58086 |
| Cerence, Inc. \* | &nbsp;&nbsp;16591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285365 |
| Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;64139 | &nbsp;&nbsp;&nbsp;4245360 |
| ChannelAdvisor Corp. \* | &nbsp;&nbsp;13078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301317 |
| Cipher Mining, Inc. \* | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16160 |
| Cleanspark, Inc. *\*(a)* | &nbsp;&nbsp;17826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62034 |
| Clear Secure, Inc., Class A \* | &nbsp;&nbsp;29467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796198 |
| Clearwater Analytics Holdings, Inc., Class A \* | &nbsp;&nbsp;21692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353363 |
| Cloudflare, Inc., Class A \* | 117405 | &nbsp;&nbsp;&nbsp;6612250 |
| Cognizant Technology Solutions Corp., Class A | 215087 | 13389166 |
| CommVault Systems, Inc. \* | &nbsp;&nbsp;18396 | &nbsp;&nbsp;&nbsp;1120132 |
| Computer Task Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60160 |
| Concentrix Corp. | &nbsp;&nbsp;17911 | &nbsp;&nbsp;&nbsp;2189262 |
| Conduent, Inc. \* | &nbsp;&nbsp;68566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282492 |
| Confluent, Inc., Class A \* | &nbsp;&nbsp;57998 | &nbsp;&nbsp;&nbsp;1558986 |
| Consensus Cloud Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399492 |
| Core Scientific, Inc., Class A *\*(a)* | 115010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23002 |
| CoreCard Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54341 |
| Couchbase, Inc. \* | &nbsp;&nbsp;10823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138534 |
| Coupa Software, Inc. \* | &nbsp;&nbsp;31724 | &nbsp;&nbsp;&nbsp;1688668 |
| Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp;88684 | 14295861 |
| CS Disco, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89619 |
| CSG Systems International, Inc. | &nbsp;&nbsp;13804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892705 |
| Cvent Holding Corp. \* | &nbsp;&nbsp;28902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169077 |
| Cyxtera Technologies, Inc. \* | &nbsp;&nbsp;25255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61117 |
| Datadog, Inc., Class A \* | 102281 | &nbsp;&nbsp;&nbsp;8234643 |
| Digimarc Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;5752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93988 |
| Digital Turbine, Inc. \* | &nbsp;&nbsp;36295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529907 |
| DigitalOcean Holdings, Inc. \* | &nbsp;&nbsp;25176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904322 |
| DocuSign, Inc. \* | &nbsp;&nbsp;83127 | &nbsp;&nbsp;&nbsp;4015034 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;25720 | &nbsp;&nbsp;&nbsp;1719125 |
| Domo, Inc., Class B \* | &nbsp;&nbsp;11799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208488 |
| DoubleVerify Holdings, Inc. \* | &nbsp;&nbsp;26360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770503 |
| Dropbox, Inc., Class A \* | 114985 | &nbsp;&nbsp;&nbsp;2500924 |
| Duck Creek Technologies, Inc. \* | &nbsp;&nbsp;30427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363298 |
| DXC Technology Co. \* | &nbsp;&nbsp;96179 | &nbsp;&nbsp;&nbsp;2765146 |
| Dynatrace, Inc. \* | &nbsp;&nbsp;83057 | &nbsp;&nbsp;&nbsp;2926929 |
| E2open Parent Holdings, Inc. \* | &nbsp;&nbsp;72014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419842 |
| Ebix, Inc. | &nbsp;&nbsp;10319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204213 |
| Edgio, Inc. \* | &nbsp;&nbsp;50335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135401 |
| eGain Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;7634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61454 |
| Elastic N.V. \* | &nbsp;&nbsp;31652 | &nbsp;&nbsp;&nbsp;2024145 |
| Enfusion, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101344 |
| EngageSmart, Inc. \* | &nbsp;&nbsp;12468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244872 |
| Envestnet, Inc. \* | &nbsp;&nbsp;23278 | &nbsp;&nbsp;&nbsp;1147838 |
| EPAM Systems, Inc. \* | &nbsp;&nbsp;23820 | &nbsp;&nbsp;&nbsp;8337000 |
| Euronet Worldwide, Inc. \* | &nbsp;&nbsp;19929 | &nbsp;&nbsp;&nbsp;1674235 |
| Everbridge, Inc. \* | &nbsp;&nbsp;16799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526313 |
| EverCommerce, Inc. \* | &nbsp;&nbsp;12868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112080 |
| EVERTEC, Inc. | &nbsp;&nbsp;28074 | &nbsp;&nbsp;&nbsp;1005330 |
| Evo Payments, Inc., Class A \* | &nbsp;&nbsp;20481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690005 |
| ExlService Holdings, Inc. \* | &nbsp;&nbsp;13619 | &nbsp;&nbsp;&nbsp;2476615 |
| Expensify, Inc., Class A \* | &nbsp;&nbsp;18547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242780 |
| Fair Isaac Corp. \* | &nbsp;&nbsp;10452 | &nbsp;&nbsp;&nbsp;5004836 |
| Fastly, Inc., Class A \* | &nbsp;&nbsp;47725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405185 |
| Fidelity National Information Services, Inc. | 252117 | 20923190 |
| Fiserv, Inc. \* | 265214 | 27248086 |
| Five9, Inc. \* | &nbsp;&nbsp;28901 | &nbsp;&nbsp;&nbsp;1741574 |
| FleetCor Technologies, Inc. \* | &nbsp;&nbsp;31009 | &nbsp;&nbsp;&nbsp;5771395 |
| Flywire Corp. \* | &nbsp;&nbsp;25620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562359 |
| ForgeRock, Inc., Class A \* | &nbsp;&nbsp;12643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285226 |

---

<sub>101</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Fortinet, Inc. \* | &nbsp;&nbsp;&nbsp;271539 | &nbsp;&nbsp;&nbsp;15521169 |
| Freshworks, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;60347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820116 |
| Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32863 | &nbsp;&nbsp;&nbsp;&nbsp;9921997 |
| Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;69934 | &nbsp;&nbsp;&nbsp;&nbsp;3391799 |
| Gitlab, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;22050 | &nbsp;&nbsp;&nbsp;&nbsp;1068543 |
| Global Payments, Inc. | &nbsp;&nbsp;&nbsp;114833 | &nbsp;&nbsp;&nbsp;13120819 |
| GoDaddy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;64792 | &nbsp;&nbsp;&nbsp;&nbsp;5209277 |
| Grid Dynamics Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279645 |
| Guidewire Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34292 | &nbsp;&nbsp;&nbsp;&nbsp;2037288 |
| HashiCorp, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;16352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502497 |
| HubSpot, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19963 | &nbsp;&nbsp;&nbsp;&nbsp;5920227 |
| I3 Verticals, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195818 |
| Informatica, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;15704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304029 |
| Information Services Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87488 |
| Innodata, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26457 |
| Instructure Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175119 |
| Intapp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171617 |
| InterDigital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622128 |
| International Business Machines Corp. | &nbsp;&nbsp;&nbsp;374488 | &nbsp;&nbsp;&nbsp;51787945 |
| International Money Express, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375366 |
| Intrusion, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29213 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;117034 | &nbsp;&nbsp;&nbsp;50032035 |
| Ipsidy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8520 |
| IronNet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9230 |
| Issuer Direct Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27849 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30230 | &nbsp;&nbsp;&nbsp;&nbsp;6017584 |
| Jamf Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;19093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451931 |
| Kaltura, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62017 |
| KnowBe4, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;33494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823283 |
| Kyndryl Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;85848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830150 |
| LivePerson, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;29329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310008 |
| LiveRamp Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499355 |
| Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25752 | &nbsp;&nbsp;&nbsp;&nbsp;3133246 |
| Marathon Digital Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;44384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581874 |
| Marqeta, Inc., Class A \* | &nbsp;&nbsp;&nbsp;165336 | &nbsp;&nbsp;&nbsp;&nbsp;1302848 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;353757 | 116095972 |
| Matterport, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;91473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319241 |
| Maximus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24920 | &nbsp;&nbsp;&nbsp;&nbsp;1536816 |
| MeridianLink, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159156 |
| Microsoft Corp. | 3093292 | 718045872 |
| MicroStrategy, Inc., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4015 | &nbsp;&nbsp;&nbsp;&nbsp;1074053 |
| Mitek Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210830 |
| Model N, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561260 |
| Momentive Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400051 |
| MoneyGram International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;42227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447184 |
| MongoDB, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28187 | &nbsp;&nbsp;&nbsp;&nbsp;5159067 |
| N-Able, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296287 |
| nCino, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997633 |
| NCR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;57044 | &nbsp;&nbsp;&nbsp;&nbsp;1212755 |
| New Relic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23513 | &nbsp;&nbsp;&nbsp;&nbsp;1392910 |
| NextNav, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24010 |
| NortonLifeLock, Inc. | &nbsp;&nbsp;&nbsp;246228 | &nbsp;&nbsp;&nbsp;&nbsp;5547517 |
| Nutanix, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;92241 | &nbsp;&nbsp;&nbsp;&nbsp;2527403 |
| Okta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;62102 | &nbsp;&nbsp;&nbsp;&nbsp;3485164 |
| Olo, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;44208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389472 |
| OMNIQ Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23358 |
| ON24, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139479 |
| OneSpan, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142309 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;629918 | &nbsp;&nbsp;&nbsp;49177698 |
| PagerDuty, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;33688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840179 |
| Palantir Technologies, Inc., Class A \* | &nbsp;&nbsp;&nbsp;725964 | &nbsp;&nbsp;&nbsp;&nbsp;6381224 |
| Palo Alto Networks, Inc. \* | &nbsp;&nbsp;&nbsp;124080 | &nbsp;&nbsp;&nbsp;21290887 |
| Park City Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30676 |
| Paya Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;32804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263744 |
| Paychex, Inc. | &nbsp;&nbsp;&nbsp;132841 | &nbsp;&nbsp;&nbsp;15716419 |
| Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20229 | &nbsp;&nbsp;&nbsp;&nbsp;6999234 |
| Paycor HCM, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644928 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Paylocity Holding Corp. \* | &nbsp;&nbsp;17115 | &nbsp;&nbsp;&nbsp;3967086 |
| Paymentus Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91021 |
| Payoneer Global, Inc. \* | &nbsp;&nbsp;82495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639336 |
| PayPal Holdings, Inc. \* | 480011 | 40119319 |
| Paysign, Inc. \* | &nbsp;&nbsp;18698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45810 |
| Pegasystems, Inc. | &nbsp;&nbsp;17128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637333 |
| Perficient, Inc. \* | &nbsp;&nbsp;14160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948295 |
| PFSweb, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58597 |
| Phunware, Inc. *\*(a)* | &nbsp;&nbsp;55482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64914 |
| PowerSchool Holdings, Inc., Class A \* | &nbsp;&nbsp;13708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274160 |
| Priority Technology Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48576 |
| Procore Technologies, Inc. \* | &nbsp;&nbsp;28242 | &nbsp;&nbsp;&nbsp;1543708 |
| Progress Software Corp. | &nbsp;&nbsp;18097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923490 |
| PROS Holdings, Inc. \* | &nbsp;&nbsp;17218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429589 |
| PTC, Inc. \* | &nbsp;&nbsp;43889 | &nbsp;&nbsp;&nbsp;5171441 |
| Q2 Holdings, Inc. \* | &nbsp;&nbsp;23269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722270 |
| Qualtrics International, Inc., Class A \* | &nbsp;&nbsp;43174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516793 |
| Qualys, Inc. \* | &nbsp;&nbsp;14280 | &nbsp;&nbsp;&nbsp;2035757 |
| Quantum Computing, Inc. *\*(a)* | &nbsp;&nbsp;10216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22782 |
| Rackspace Technology, Inc. \* | &nbsp;&nbsp;24535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126355 |
| Rapid7, Inc. \* | &nbsp;&nbsp;23968 | &nbsp;&nbsp;&nbsp;1085031 |
| Remitly Global, Inc. \* | &nbsp;&nbsp;40093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465881 |
| Repay Holdings Corp. \* | &nbsp;&nbsp;32506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197962 |
| Rimini Street, Inc. \* | &nbsp;&nbsp;21843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122539 |
| RingCentral, Inc., Class A \* | &nbsp;&nbsp;32103 | &nbsp;&nbsp;&nbsp;1140299 |
| Riot Blockchain, Inc. *\*(a)* | &nbsp;&nbsp;57291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394735 |
| Roper Technologies, Inc. | &nbsp;&nbsp;43988 | 18234785 |
| Ryvyl, Inc. \* | &nbsp;&nbsp;10419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10068 |
| Sabre Corp. \* | 132063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767286 |
| Salesforce, Inc. \* | 412852 | 67125607 |
| Samsara, Inc., Class A \* | &nbsp;&nbsp;33703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414884 |
| SecureWorks Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41448 |
| SEMrush Holdings, Inc., Class A \* | &nbsp;&nbsp;13062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159748 |
| SentinelOne, Inc., Class A \* | &nbsp;&nbsp;82245 | &nbsp;&nbsp;&nbsp;1878476 |
| ServiceNow, Inc. \* | &nbsp;&nbsp;83811 | 35262640 |
| Shift4 Payments, Inc., Class A \* | &nbsp;&nbsp;20937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962474 |
| ShotSpotter, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148580 |
| Smartsheet, Inc., Class A \* | &nbsp;&nbsp;54857 | &nbsp;&nbsp;&nbsp;1915606 |
| Smith Micro Software, Inc. \* | &nbsp;&nbsp;24721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55869 |
| Snowflake, Inc., Class A \* | 117556 | 18844227 |
| SolarWinds Corp. \* | &nbsp;&nbsp;17754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165645 |
| Soluna Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5934 |
| SoundHound AI, Inc., Class A *\*(a)* | &nbsp;&nbsp;45830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124199 |
| Splunk, Inc. \* | &nbsp;&nbsp;61598 | &nbsp;&nbsp;&nbsp;5119410 |
| Sprinklr, Inc., Class A \* | &nbsp;&nbsp;25637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237142 |
| Sprout Social, Inc., Class A \* | &nbsp;&nbsp;19288 | &nbsp;&nbsp;&nbsp;1163645 |
| SPS Commerce, Inc. \* | &nbsp;&nbsp;14979 | &nbsp;&nbsp;&nbsp;1895143 |
| Squarespace, Inc., Class A \* | &nbsp;&nbsp;17641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391807 |
| SRAX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16054 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;92249 | &nbsp;&nbsp;&nbsp;4743444 |
| Sumo Logic, Inc. \* | &nbsp;&nbsp;46233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356456 |
| Switch, Inc., Class A | &nbsp;&nbsp;58846 | &nbsp;&nbsp;&nbsp;2003706 |
| Synchronoss Technologies, Inc. \* | &nbsp;&nbsp;37860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40132 |
| Synopsys, Inc. \* | &nbsp;&nbsp;63431 | 18556739 |
| TaskUS, Inc., Class A \* | &nbsp;&nbsp;10367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209310 |
| Telos Corp. \* | &nbsp;&nbsp;24709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261915 |
| Tenable Holdings, Inc. \* | &nbsp;&nbsp;46032 | &nbsp;&nbsp;&nbsp;1870740 |
| Teradata Corp. \* | &nbsp;&nbsp;43028 | &nbsp;&nbsp;&nbsp;1359255 |
| The Hackett Group, Inc. | &nbsp;&nbsp;11502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251204 |
| The Western Union Co. | 159351 | &nbsp;&nbsp;&nbsp;2152832 |
| Thoughtworks Holding, Inc. \* | &nbsp;&nbsp;27607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265303 |
| Toast, Inc., Class A \* | 123884 | &nbsp;&nbsp;&nbsp;2736598 |
| TTEC Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337839 |
| Tucows, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185913 |
| Twilio, Inc., Class A \* | &nbsp;&nbsp;72193 | &nbsp;&nbsp;&nbsp;5368993 |
| Tyler Technologies, Inc. \* | &nbsp;&nbsp;17230 | &nbsp;&nbsp;&nbsp;5570976 |
| UiPath, Inc., Class A \* | 143198 | &nbsp;&nbsp;&nbsp;1811455 |
| Unisys Corp. \* | &nbsp;&nbsp;28890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245565 |

---

<sub>102</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Unity Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;73573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2170403 |
| Upland Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108444 |
| UserTesting, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147127 |
| Varonis Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;44934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1202883 |
| Verint Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;26918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953705 |
| VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7775242 |
| Veritone, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;11260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83437 |
| Verra Mobility Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;59168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1009998 |
| Vertex, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;15520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279670 |
| Viant Technology, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;10390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47378 |
| VirnetX Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;26091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32875 |
| Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;677954 | &nbsp;&nbsp;&nbsp;&nbsp;140444951 |
| VMware, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;85405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9610625 |
| Weave Communications, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69470 |
| WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3027562 |
| WM Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36900 |
| Workday, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;82498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12854838 |
| Workiva, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1474422 |
| Xperi, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237993 |
| Yext, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;50326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267734 |
| Zendesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;51340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3937265 |
| ZeroFox Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;12914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56305 |
| Zeta Global Holdings Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;52022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433863 |
| Zoom Video Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;91780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7658123 |
| Zscaler, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;34786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5360523 |
| Zuora, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;48922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376210 |
|  |  | **2040643093** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 7.9%** | &nbsp;&nbsp;**Technology Hardware & Equipment 7.9%** | &nbsp;&nbsp;**Technology Hardware & Equipment 7.9%** |
| 908 Devices, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132189 |
| ADTRAN Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652104 |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189503 |
| Aeva Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;37597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75194 |
| AEye, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;40414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35180 |
| Airgain, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51517 |
| Airspan Networks Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39579 |
| Akoustis Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93570 |
| Alpine 4 Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;57587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41578 |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;246453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18688531 |
| Apple Inc. | 6265763 | &nbsp;&nbsp;&nbsp;&nbsp;960792098 |
| Applied Optoelectronics, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;21899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60222 |
| Arista Networks, Inc. \* | &nbsp;&nbsp;&nbsp;101981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12325424 |
| Arlo Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;36675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188876 |
| Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;26688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2702427 |
| AstroNova, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51109 |
| Aviat Networks, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130934 |
| Avid Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364270 |
| Avnet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1559051 |
| Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1371919 |
| Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177769 |
| Belden, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260651 |
| Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422301 |
| Boxlight Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;46965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24882 |
| CalAmp Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;14173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53857 |
| Calix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;23585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1736799 |
| Cambium Networks Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78309 |
| Casa Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;13736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43268 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9702936 |
| Cepton, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;18174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39983 |
| Ciena Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;62551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2996193 |
| Cisco Systems, Inc. | 1717229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78013713 |
| Clearfield, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587065 |
| Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;72309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3342845 |
| Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;54005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1815108 |
| CommScope Holding Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;88343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1169661 |
| Comtech Telecommunications Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129738 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Corning, Inc. | 314810 | 10127438 |
| Corsair Gaming, Inc. *\*(a)* | &nbsp;&nbsp;17044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235207 |
| CPI Card Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51253 |
| CTS Corp. | &nbsp;&nbsp;13324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526565 |
| Daktronics, Inc. \* | &nbsp;&nbsp;14170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48461 |
| Dell Technologies, Inc., Class C | 109515 | &nbsp;&nbsp;&nbsp;4205376 |
| Diebold Nixdorf, Inc. \* | &nbsp;&nbsp;28307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70484 |
| Digi International, Inc. \* | &nbsp;&nbsp;15032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606241 |
| DZS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108560 |
| Eastman Kodak Co. \* | &nbsp;&nbsp;26841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143599 |
| EMCORE Corp. \* | &nbsp;&nbsp;11147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17055 |
| ePlus, Inc. \* | &nbsp;&nbsp;11248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548003 |
| Evolv Technologies Holdings, Inc. \* | &nbsp;&nbsp;21918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64220 |
| Extreme Networks, Inc. \* | &nbsp;&nbsp;51702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927534 |
| F5, Inc. \* | &nbsp;&nbsp;24821 | &nbsp;&nbsp;&nbsp;3547169 |
| Fabrinet \* | &nbsp;&nbsp;15120 | &nbsp;&nbsp;&nbsp;1729728 |
| FARO Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241830 |
| Focus Universal, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71260 |
| Genasys, Inc. \* | &nbsp;&nbsp;20918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59616 |
| Harmonic, Inc. \* | &nbsp;&nbsp;43209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667579 |
| Hewlett Packard Enterprise Co. | 537460 | &nbsp;&nbsp;&nbsp;7669554 |
| HP, Inc. | 377792 | 10434615 |
| Identiv, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99870 |
| Immersion Corp. \* | &nbsp;&nbsp;13101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69959 |
| Infinera Corp. \* | &nbsp;&nbsp;80673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452576 |
| Inseego Corp. \* | &nbsp;&nbsp;33215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75066 |
| Insight Enterprises, Inc. \* | &nbsp;&nbsp;12638 | &nbsp;&nbsp;&nbsp;1194417 |
| Intevac, Inc. \* | &nbsp;&nbsp;15485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69218 |
| IonQ, Inc. *\*(a)* | &nbsp;&nbsp;62676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369162 |
| IPG Photonics Corp. \* | &nbsp;&nbsp;13678 | &nbsp;&nbsp;&nbsp;1171658 |
| Iteris, Inc. \* | &nbsp;&nbsp;14737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44211 |
| Itron, Inc. \* | &nbsp;&nbsp;19746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965382 |
| Jabil, Inc. | &nbsp;&nbsp;56943 | &nbsp;&nbsp;&nbsp;3658588 |
| Juniper Networks, Inc. | 133750 | &nbsp;&nbsp;&nbsp;4092750 |
| Keysight Technologies, Inc. \* | &nbsp;&nbsp;74430 | 12961985 |
| Kimball Electronics, Inc. \* | &nbsp;&nbsp;10963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226605 |
| Knowles Corp. \* | &nbsp;&nbsp;38215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525456 |
| KVH Industries, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58092 |
| Lantronix, Inc. \* | &nbsp;&nbsp;11128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56196 |
| Lightwave Logic, Inc. *\*(a)* | &nbsp;&nbsp;49166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416436 |
| Littelfuse, Inc. | &nbsp;&nbsp;10354 | &nbsp;&nbsp;&nbsp;2280469 |
| Lumentum Holdings, Inc. \* | &nbsp;&nbsp;28982 | &nbsp;&nbsp;&nbsp;2157710 |
| Luna Innovations, Inc. \* | &nbsp;&nbsp;11699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60718 |
| Methode Electronics, Inc. | &nbsp;&nbsp;15172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625542 |
| MicroVision, Inc. *\*(a)* | &nbsp;&nbsp;65500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239730 |
| MICT, Inc. \* | &nbsp;&nbsp;40861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29902 |
| Mirion Technologies, Inc. \* | &nbsp;&nbsp;52479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424030 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;69243 | 17290670 |
| Movano, Inc. \* | &nbsp;&nbsp;16747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37178 |
| Napco Security Technologies, Inc. \* | &nbsp;&nbsp;12442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353602 |
| National Instruments Corp. | &nbsp;&nbsp;55528 | &nbsp;&nbsp;&nbsp;2120059 |
| Neonode, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16206 |
| NetApp, Inc. | &nbsp;&nbsp;91234 | &nbsp;&nbsp;&nbsp;6319779 |
| NETGEAR, Inc. \* | &nbsp;&nbsp;11235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220768 |
| NetScout Systems, Inc. \* | &nbsp;&nbsp;28598 | &nbsp;&nbsp;&nbsp;1027240 |
| nLight, Inc. \* | &nbsp;&nbsp;17442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187850 |
| Novanta, Inc. \* | &nbsp;&nbsp;14759 | &nbsp;&nbsp;&nbsp;2086923 |
| Ondas Holdings, Inc. *\*(a)* | &nbsp;&nbsp;14133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56532 |
| One Stop Systems, Inc. \* | &nbsp;&nbsp;12911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41573 |
| OSI Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537293 |
| PAR Technology Corp. \* | &nbsp;&nbsp;12016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345820 |
| PC Connection, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236951 |
| PCTEL, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41664 |
| Plexus Corp. \* | &nbsp;&nbsp;11573 | &nbsp;&nbsp;&nbsp;1138783 |
| Powerfleet, Inc. \* | &nbsp;&nbsp;22541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59734 |
| Pure Storage, Inc., Class A \* | 116774 | &nbsp;&nbsp;&nbsp;3603646 |
| Quantum Corp. \* | &nbsp;&nbsp;57798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81495 |
| Red Cat Holdings, Inc. \* | &nbsp;&nbsp;18398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24837 |

---

<sub>103</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Research Frontiers, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;21870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53363 |
| RF Industries Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38108 |
| Ribbon Communications, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101376 |
| Richardson Electronics Ltd/United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133796 |
| Rogers Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1846870 |
| Sanmina Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;23680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327264 |
| ScanSource, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316863 |
| Seagate Technology Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;80957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4020325 |
| SmartRent, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;54496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149864 |
| Sono-Tek Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19386 |
| Super Micro Computer, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;18786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1307318 |
| TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1585502 |
| TE Connectivity Ltd. | &nbsp;&nbsp;&nbsp;132380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16180807 |
| Teledyne Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;19500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7760610 |
| Trimble, Inc. \* | &nbsp;&nbsp;&nbsp;103198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6208392 |
| TTM Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;43639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668113 |
| Turtle Beach Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47471 |
| Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591556 |
| Velodyne Lidar, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;75343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74401 |
| ViaSat, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;31766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1301135 |
| Viavi Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;96616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1458902 |
| Vishay Intertechnology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1123683 |
| Vishay Precision Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182048 |
| Vontier Corp. | &nbsp;&nbsp;&nbsp;&nbsp;65254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1246351 |
| Wayside Technology Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72746 |
| Western Digital Corp. \* | &nbsp;&nbsp;&nbsp;130425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4482707 |
| Wrap Technologies, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;24437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28958 |
| Xerox Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;48642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711632 |
| Zebra Technologies Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;21537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6099709 |
|  |  | **1271535287** |
| &nbsp;&nbsp;**Telecommunication Services 1.1%** | &nbsp;&nbsp;**Telecommunication Services 1.1%** | &nbsp;&nbsp;**Telecommunication Services 1.1%** |
| Anterix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286168 |
| AST SpaceMobile, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;19782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143024 |
| AT&T, Inc. | 2955516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53879057 |
| ATN International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213314 |
| Bandwidth, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113596 |
| Charge Enterprises, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;38686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85883 |
| Cogent Communications Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919870 |
| Consolidated Communications Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;28849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149149 |
| EchoStar Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;15741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297033 |
| Frontier Communications Parent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;91781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2149511 |
| Globalstar, Inc. \* | &nbsp;&nbsp;&nbsp;311151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675198 |
| Gogo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;27853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396070 |
| IDT Corp., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232664 |
| Iridium Communications, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;52464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2703470 |
| KORE Group Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36720 |
| Liberty Global plc, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;70809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1193840 |
| Liberty Global plc, Class C \* | &nbsp;&nbsp;&nbsp;116530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2057920 |
| Liberty Latin America Ltd., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;21685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168709 |
| Liberty Latin America Ltd., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;68742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535500 |
| Lumen Technologies, Inc. | &nbsp;&nbsp;&nbsp;398859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2935602 |
| Ooma, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157609 |
| Radius Global Infrastructure, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;30999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289841 |
| Shenandoah Telecommunications Co. | &nbsp;&nbsp;&nbsp;&nbsp;20103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455534 |
| Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88120 |
| Starry Group Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;42774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9453 |
| Telephone & Data Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710583 |
| T-Mobile US, Inc. \* | &nbsp;&nbsp;&nbsp;249432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37803914 |
| United States Cellular Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183778 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Verizon Communications, Inc. | 1742180 | &nbsp;&nbsp;&nbsp;&nbsp;65105266 |
|  |  | **173976396** |
| &nbsp;&nbsp;**Transportation 1.8%** | &nbsp;&nbsp;**Transportation 1.8%** | &nbsp;&nbsp;**Transportation 1.8%** |
| Air T, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31660 |
| Air Transport Services Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;24772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723342 |
| Alaska Air Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;53561 | &nbsp;&nbsp;&nbsp;&nbsp;2381322 |
| Allegiant Travel Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460507 |
| AMERCO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4034 | &nbsp;&nbsp;&nbsp;&nbsp;2320316 |
| American Airlines Group, Inc. \* | &nbsp;&nbsp;&nbsp;269132 | &nbsp;&nbsp;&nbsp;&nbsp;3816292 |
| ArcBest Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804308 |
| Atlas Air Worldwide Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;10949 | &nbsp;&nbsp;&nbsp;&nbsp;1107382 |
| Avis Budget Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;12076 | &nbsp;&nbsp;&nbsp;&nbsp;2855491 |
| Bird Global, Inc., Class A \* | &nbsp;&nbsp;&nbsp;105731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45908 |
| Blade Air Mobility, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;17729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79781 |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51399 | &nbsp;&nbsp;&nbsp;&nbsp;5022710 |
| Covenant Logistics Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128429 |
| CSX Corp. | &nbsp;&nbsp;&nbsp;887771 | &nbsp;&nbsp;&nbsp;&nbsp;25798625 |
| Daseke, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;25341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151032 |
| Delta Air Lines, Inc. \* | &nbsp;&nbsp;&nbsp;267338 | &nbsp;&nbsp;&nbsp;&nbsp;9070778 |
| Eagle Bulk Shipping, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202567 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67839 | &nbsp;&nbsp;&nbsp;&nbsp;6638046 |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;99325 | &nbsp;&nbsp;&nbsp;&nbsp;15919811 |
| Forward Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10979 | &nbsp;&nbsp;&nbsp;&nbsp;1162347 |
| Frontier Group Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210953 |
| FTAI Infrastructure, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;43117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118572 |
| Genco Shipping & Trading Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200531 |
| GXO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;49069 | &nbsp;&nbsp;&nbsp;&nbsp;1792981 |
| Hawaiian Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291573 |
| Heartland Express, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279670 |
| Hertz Global Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;73728 | &nbsp;&nbsp;&nbsp;&nbsp;1356595 |
| Hub Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;13809 | &nbsp;&nbsp;&nbsp;&nbsp;1071578 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34465 | &nbsp;&nbsp;&nbsp;&nbsp;5895928 |
| JetBlue Airways Corp. \* | &nbsp;&nbsp;&nbsp;132935 | &nbsp;&nbsp;&nbsp;&nbsp;1068797 |
| Joby Aviation, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;118668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571980 |
| Kirby Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;24458 | &nbsp;&nbsp;&nbsp;&nbsp;1705946 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67088 | &nbsp;&nbsp;&nbsp;&nbsp;3222237 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15003 | &nbsp;&nbsp;&nbsp;&nbsp;2343769 |
| Lyft, Inc., Class A \* | &nbsp;&nbsp;&nbsp;125069 | &nbsp;&nbsp;&nbsp;&nbsp;1831010 |
| Marten Transport Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;24450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458927 |
| Matson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16980 | &nbsp;&nbsp;&nbsp;&nbsp;1249388 |
| Mesa Air Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;22871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33849 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;97405 | &nbsp;&nbsp;&nbsp;&nbsp;22215158 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37962 | &nbsp;&nbsp;&nbsp;&nbsp;10424365 |
| P.A.M. Transportation Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54614 |
| Pangaea Logistics Solutions Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;13298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64229 |
| Radiant Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;16850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102280 |
| Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21359 | &nbsp;&nbsp;&nbsp;&nbsp;1719613 |
| Saia, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;11056 | &nbsp;&nbsp;&nbsp;&nbsp;2198596 |
| Schneider National, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;14219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316231 |
| SkyWest, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;20970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370750 |
| Southwest Airlines Co. \* | &nbsp;&nbsp;&nbsp;245436 | &nbsp;&nbsp;&nbsp;&nbsp;8921599 |
| Spirit Airlines, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45820 | &nbsp;&nbsp;&nbsp;&nbsp;1008040 |
| Sun Country Airlines Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;14296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232739 |
| TuSimple Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;58585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200947 |
| Uber Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;822244 | &nbsp;&nbsp;&nbsp;&nbsp;21847023 |
| Union Pacific Corp. | &nbsp;&nbsp;&nbsp;258881 | &nbsp;&nbsp;&nbsp;&nbsp;51035800 |
| United Airlines Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;136481 | &nbsp;&nbsp;&nbsp;&nbsp;5879601 |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp;303294 | &nbsp;&nbsp;&nbsp;&nbsp;50883634 |
| Universal Logistics Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105600 |
| US Xpress Enterprises, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19402 |
| Werner Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938840 |
| Wheels Up Experience, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;67393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119286 |
| XPO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;48289 | &nbsp;&nbsp;&nbsp;&nbsp;2498473 |

---

<sub>104</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Yellow Corp. \* | &nbsp;&nbsp;13029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57718 |
|  |  | **283639476** |
| &nbsp;&nbsp;**Utilities 2.8%** | &nbsp;&nbsp;**Utilities 2.8%** | &nbsp;&nbsp;**Utilities 2.8%** |
| ALLETE, Inc. | &nbsp;&nbsp;23316 | &nbsp;&nbsp;&nbsp;&nbsp;1311991 |
| Alliant Energy Corp. | 104010 | &nbsp;&nbsp;&nbsp;&nbsp;5426202 |
| Altus Power, Inc. \* | &nbsp;&nbsp;13336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132827 |
| Ameren Corp. | 107072 | &nbsp;&nbsp;&nbsp;&nbsp;8728509 |
| American Electric Power Co., Inc. | 213169 | &nbsp;&nbsp;&nbsp;&nbsp;18741819 |
| American States Water Co. | &nbsp;&nbsp;15159 | &nbsp;&nbsp;&nbsp;&nbsp;1371283 |
| American Water Works Co., Inc. | &nbsp;&nbsp;75749 | &nbsp;&nbsp;&nbsp;&nbsp;11009360 |
| Artesian Resources Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153756 |
| Atmos Energy Corp. | &nbsp;&nbsp;58205 | &nbsp;&nbsp;&nbsp;&nbsp;6201743 |
| Avangrid, Inc. | &nbsp;&nbsp;29783 | &nbsp;&nbsp;&nbsp;&nbsp;1211572 |
| Avista Corp. | &nbsp;&nbsp;29804 | &nbsp;&nbsp;&nbsp;&nbsp;1222858 |
| Black Hills Corp. | &nbsp;&nbsp;26602 | &nbsp;&nbsp;&nbsp;&nbsp;1738973 |
| Cadiz, Inc. \* | &nbsp;&nbsp;15822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30853 |
| California Water Service Group | &nbsp;&nbsp;22389 | &nbsp;&nbsp;&nbsp;&nbsp;1389461 |
| CenterPoint Energy, Inc. | 261774 | &nbsp;&nbsp;&nbsp;&nbsp;7489354 |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;884466 |
| Clearway Energy, Inc., Class A | &nbsp;&nbsp;14344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463742 |
| Clearway Energy, Inc., Class C | &nbsp;&nbsp;33157 | &nbsp;&nbsp;&nbsp;&nbsp;1151874 |
| CMS Energy Corp. | 120766 | &nbsp;&nbsp;&nbsp;&nbsp;6889700 |
| Consolidated Edison, Inc. | 147218 | &nbsp;&nbsp;&nbsp;&nbsp;12949295 |
| Consolidated Water Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;4898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89927 |
| Constellation Energy Corp. | 135678 | &nbsp;&nbsp;&nbsp;&nbsp;12826998 |
| Dominion Energy, Inc. | 344628 | &nbsp;&nbsp;&nbsp;&nbsp;24113621 |
| DTE Energy Co. | &nbsp;&nbsp;80315 | &nbsp;&nbsp;&nbsp;&nbsp;9004115 |
| Duke Energy Corp. | 319097 | &nbsp;&nbsp;&nbsp;&nbsp;29733459 |
| Edison International | 157747 | &nbsp;&nbsp;&nbsp;&nbsp;9471130 |
| Entergy Corp. | &nbsp;&nbsp;84753 | &nbsp;&nbsp;&nbsp;&nbsp;9080436 |
| Essential Utilities, Inc. | &nbsp;&nbsp;98999 | &nbsp;&nbsp;&nbsp;&nbsp;4377736 |
| Evergy, Inc. | &nbsp;&nbsp;95610 | &nbsp;&nbsp;&nbsp;&nbsp;5844639 |
| Eversource Energy | 144127 | &nbsp;&nbsp;&nbsp;&nbsp;10994008 |
| Exelon Corp. | 410789 | &nbsp;&nbsp;&nbsp;&nbsp;15852348 |
| FirstEnergy Corp. | 225733 | &nbsp;&nbsp;&nbsp;&nbsp;8512391 |
| Genie Energy Ltd., Class B | &nbsp;&nbsp;&nbsp;&nbsp;6776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66202 |
| Global Water Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59895 |
| Hawaiian Electric Industries, Inc. | &nbsp;&nbsp;45090 | &nbsp;&nbsp;&nbsp;&nbsp;1715224 |
| IDACORP, Inc. | &nbsp;&nbsp;20845 | &nbsp;&nbsp;&nbsp;&nbsp;2182472 |
| MGE Energy, Inc. | &nbsp;&nbsp;14691 | &nbsp;&nbsp;&nbsp;&nbsp;1000310 |
| Middlesex Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;7852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702518 |
| Montauk Renewables, Inc. \* | &nbsp;&nbsp;25936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388262 |
| National Fuel Gas Co. | &nbsp;&nbsp;38209 | &nbsp;&nbsp;&nbsp;&nbsp;2578725 |
| New Jersey Resources Corp. | &nbsp;&nbsp;40011 | &nbsp;&nbsp;&nbsp;&nbsp;1786091 |
| NextEra Energy, Inc. | 814916 | &nbsp;&nbsp;&nbsp;&nbsp;63155990 |
| NiSource, Inc. | 168378 | &nbsp;&nbsp;&nbsp;&nbsp;4325631 |
| Northwest Natural Holding Co. | &nbsp;&nbsp;14215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683599 |
| NorthWestern Corp. | &nbsp;&nbsp;23430 | &nbsp;&nbsp;&nbsp;&nbsp;1237807 |
| NRG Energy, Inc. | &nbsp;&nbsp;97250 | &nbsp;&nbsp;&nbsp;&nbsp;4317900 |
| OGE Energy Corp. | &nbsp;&nbsp;82465 | &nbsp;&nbsp;&nbsp;&nbsp;3020693 |
| ONE Gas, Inc. | &nbsp;&nbsp;22158 | &nbsp;&nbsp;&nbsp;&nbsp;1716802 |
| Ormat Technologies, Inc. | &nbsp;&nbsp;18201 | &nbsp;&nbsp;&nbsp;&nbsp;1646281 |
| Otter Tail Corp. | &nbsp;&nbsp;17852 | &nbsp;&nbsp;&nbsp;&nbsp;1203582 |
| PG&E Corp. \* | 666570 | &nbsp;&nbsp;&nbsp;&nbsp;9951890 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;46637 | &nbsp;&nbsp;&nbsp;&nbsp;3134473 |
| PNM Resources, Inc. | &nbsp;&nbsp;36396 | &nbsp;&nbsp;&nbsp;&nbsp;1691322 |
| Portland General Electric Co. | &nbsp;&nbsp;37443 | &nbsp;&nbsp;&nbsp;&nbsp;1682688 |
| PPL Corp. | 306458 | &nbsp;&nbsp;&nbsp;&nbsp;8118072 |
| Public Service Enterprise Group, Inc. | 206997 | &nbsp;&nbsp;&nbsp;&nbsp;11606322 |
| Pure Cycle Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72880 |
| RGC Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83290 |
| Sempra Energy | 130313 | &nbsp;&nbsp;&nbsp;&nbsp;19669444 |
| SJW Group | &nbsp;&nbsp;10919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771755 |
| South Jersey Industries, Inc. | &nbsp;&nbsp;51842 | &nbsp;&nbsp;&nbsp;&nbsp;1797362 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;25522 | &nbsp;&nbsp;&nbsp;&nbsp;1864893 |
| Spire, Inc. | &nbsp;&nbsp;21367 | &nbsp;&nbsp;&nbsp;&nbsp;1491630 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Sunnova Energy International, Inc. \* | &nbsp;&nbsp;41254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764849 |
| The AES Corp. | 278415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7283336 |
| The Southern Co. | 440228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28826129 |
| The York Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;6196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269898 |
| UGI Corp. | &nbsp;&nbsp;86600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3059578 |
| Unitil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372291 |
| Via Renewables, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45826 |
| Vistra Corp. | 160737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3692129 |
| WEC Energy Group, Inc. | 130645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11931808 |
| Xcel Energy, Inc. | 227072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14784658 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**453154953** |
| **Total Common Stocks<br> (Cost $9,413,955,696)** | **Total Common Stocks<br> (Cost $9,413,955,696)** | **15979113144** |
| **PREFERRED STOCKS 0.0% OF NET ASSETS** | **PREFERRED STOCKS 0.0% OF NET ASSETS** | **PREFERRED STOCKS 0.0% OF NET ASSETS** |
| &nbsp;&nbsp;**Software & Services 0.0%** | &nbsp;&nbsp;**Software & Services 0.0%** | &nbsp;&nbsp;**Software & Services 0.0%** |
| SRAX, Inc. *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;9789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**587** |
| **Total Preferred Stocks<br> (Cost $530)** | **Total Preferred Stocks<br> (Cost $530)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**587** |
| **RIGHTS 0.0% OF NET ASSETS** | **RIGHTS 0.0% OF NET ASSETS** | **RIGHTS 0.0% OF NET ASSETS** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 0.0%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.0%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.0%** |
| ZAGG, Inc. CVR *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**720** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 0.0%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 0.0%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 0.0%** |
| Aduro Biotech, Inc. CVR *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;5747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10301 |
| F-star Therapeutics, Inc. Agonist CVR *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415 |
| F-star Therapeutics, Inc. Antagonist CVR *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11131** |
| **Total Rights<br> (Cost $720)** | **Total Rights<br> (Cost $720)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11851** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS** |
| &nbsp;&nbsp;**Money Market Funds 0.2%** | &nbsp;&nbsp;**Money Market Funds 0.2%** | &nbsp;&nbsp;**Money Market Funds 0.2%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(d)(e)* | 41672354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**41672354** |
| **Total Short-Term Investments<br> (Cost $41,672,354)** | **Total Short-Term Investments<br> (Cost $41,672,354)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**41672354** |
| **Total Investments in Securities<br> (Cost $9,455,629,300)** | **Total Investments in Securities<br> (Cost $9,455,629,300)** | **16020797936** |

---

<sub>105</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| Russell 2000 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10562100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579686 |
| S&P 500 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59604050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2368565 |
| **Net Unrealized Appreciation** | **Net Unrealized Appreciation** | **Net Unrealized Appreciation** | **2948251** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $39,625,164.

*(b)* Fair-valued
using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information).

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

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

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

CVR — Contingent Value Rights <br> REIT — Real Estate Investment Trust

Below is a summary of the fund's transactions with affiliated issuers during the period ended October 31, 2022:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 10/31/21 | PURCHASES | SALES | REALIZED <br> GAINS (LOSSES) | NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) | VALUE AT<br> 10/31/22 | BALANCE <br> OF SHARES<br> HELD AT<br> 10/31/22 | DIVIDENDS <br> RECEIVED |
| **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** |
| **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** |
| The Charles Schwab Corp. | $46634301 | $4717931 | $— | $— | ($1149217) | **$50203015** | 630137 | $476594 |

---

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$15110337328 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$15110337328 |
| &nbsp;&nbsp;&nbsp;&nbsp;Automobiles & Components | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352285243 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;16736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352301979 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516473837 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516473837 |
| Preferred Stocks<sup>1</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Software & Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587 |
| Rights <sup>1</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Durables & Apparel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pharmaceuticals, Biotechnology & Life Sciences | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;11131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11131 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41672354 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41672354 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2948251 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2948251 |
| **Total** | **$16023717013** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$29174** | &nbsp;&nbsp;&nbsp;**$16023746187** |

---

\* Level 3 amount shown includes securities determined to have no value at October 31, 2022.

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

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.

<sub>106</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated (cost $23,776,365) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$50203015 |
| Investments in securities, at value - unaffiliated (cost $9,431,852,935) including securities on loan of $39,625,164 |  | &nbsp;&nbsp;&nbsp;15970594921 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64521734 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3647001 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13880553 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11576025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234103 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**16114657352** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41672354 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26045127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366711 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**68459687** |
| **Net assets** |  | **$16046197665** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;&nbsp;$9456152539 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;&nbsp;6590045126 |
| **Net assets** |  | **$16046197665** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $16046197665 |  | 240127163 |  | $66.82 |

---

<sub>107</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $61,432) |  | &nbsp;&nbsp;&nbsp;&nbsp;$247713044 |
| Dividends received from securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476594 |
| Interest received from securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312974 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2824819 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**251327431** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5132595 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431115 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5563710** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**245763721** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50051270) |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12721600) |
| **Net realized losses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(62772870)** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1149217) |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(3392134174) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(296828) |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(3393580219)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(3456353089)** |
| **Decrease in net assets resulting from operations** |  | **($3210589368)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

<sub>108</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab Total Stock Market Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;$245763721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$213096831 |
| Net realized gains (losses) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62772870) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34732921 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(3393580219) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5009497999 |
| **Increase (decrease) in net assets resulting from operations** |  | **($3210589368)** | &nbsp;&nbsp;&nbsp;**$5257327751** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;**($271189903)** | &nbsp;&nbsp;&nbsp;&nbsp;**($218157695)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;42748598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3156883859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45495323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3270028626 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;2402741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195366859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2374705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156303072 |
| Shares redeemed | + | &nbsp;&nbsp;(28345522) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2055951707) | &nbsp;&nbsp;&nbsp;&nbsp;(23925141) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1721261599) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;**16805817** | &nbsp;&nbsp;&nbsp;&nbsp;**$1296299011** | &nbsp;&nbsp;&nbsp;&nbsp;**23944887** | &nbsp;&nbsp;&nbsp;&nbsp;**$1705070099** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;223321346 | &nbsp;&nbsp;&nbsp;&nbsp;$18231677925 | &nbsp;&nbsp;&nbsp;&nbsp;199376459 | &nbsp;&nbsp;&nbsp;&nbsp;$11487437770 |
| Total increase (decrease) | + | &nbsp;&nbsp;&nbsp;16805817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2185480260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23944887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6744240155 |
| **End of period** |  | **240127163** | &nbsp;&nbsp;&nbsp;**$16046197665** | &nbsp;&nbsp;&nbsp;**223321346** | &nbsp;&nbsp;&nbsp;**$18231677925** |

---

<sub>109</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;12/20/17 <sup>1</sup>–<br> 10/31/18 |
| **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;&nbsp;&nbsp;$89.23 | &nbsp;&nbsp;&nbsp;&nbsp;$62.76 | &nbsp;&nbsp;&nbsp;&nbsp;$49.06 | &nbsp;&nbsp;&nbsp;&nbsp;$42.37 | &nbsp;&nbsp;&nbsp;&nbsp;$40.00 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.91 <sup>3</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21.56) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.37 |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.51) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.48) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.50) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.40) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.07) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.58) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.48) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.50) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.40) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Net asset value at end of period | &nbsp;&nbsp;&nbsp;&nbsp;$66.09 | &nbsp;&nbsp;&nbsp;&nbsp;$89.23 | &nbsp;&nbsp;&nbsp;&nbsp;$62.76 | &nbsp;&nbsp;&nbsp;&nbsp;$49.06 | &nbsp;&nbsp;&nbsp;&nbsp;$42.37 |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24.63%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43.14% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.16% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.93% <sup>4</sup> |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% <sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% <sup>6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.040% <sup>7,8</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Net operating expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% <sup>7,8</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.86% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.73% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.97% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.27% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.23% <sup>7</sup> |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23% <sup>4</sup> |
| Net assets, end of period (x 1,000) | &nbsp;&nbsp;$928988 | &nbsp;&nbsp;$881159 | &nbsp;&nbsp;$487205 | &nbsp;&nbsp;$165819 | &nbsp;&nbsp;$92752 |

---

<sup>1</sup> Commencement of operations.

<sup>2</sup> Calculated based on the average shares outstanding during the period.

<sup>3</sup> The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of sales and repurchases of fund shares in relation to fluctuating market values.

<sup>4</sup> Not annualized.

<sup>5</sup> Ratio includes less than 0.0005% of non-routine proxy expenses.

<sup>6</sup> Effective December 20, 2018, the annual operating expense ratio was reduced to 0.035%. The ratio presented for period ended 10/31/19 is a blended ratio.

<sup>7</sup> Annualized.

<sup>8</sup> The investment adviser voluntarily agreed to waive the fund's management fees to 0.00% beginning with the fund's commencement of operations through June 30, 2018. The ratio presented for period ended 10/31/18 is a blended ratio.

<sub>110</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 99.1% OF NET ASSETS** | **COMMON STOCKS 99.1% OF NET ASSETS** | **COMMON STOCKS 99.1% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 3.3%** | &nbsp;&nbsp;**Automobiles & Components 3.3%** | &nbsp;&nbsp;**Automobiles & Components 3.3%** |
| Aptiv plc \* | &nbsp;&nbsp;&nbsp;&nbsp;3488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317652 |
| Lucid Group, Inc. *\*(a)* | &nbsp;&nbsp;25664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366739 |
| Tesla, Inc. \* | 130967 | &nbsp;&nbsp;&nbsp;&nbsp;29800231 |
|  |  | &nbsp;&nbsp;&nbsp;**30484622** |
| &nbsp;&nbsp;**Banks 0.1%** | &nbsp;&nbsp;**Banks 0.1%** | &nbsp;&nbsp;**Banks 0.1%** |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126606 |
| Rocket Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22225 |
| Signature Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24414 |
| SVB Financial Group \* | &nbsp;&nbsp;&nbsp;&nbsp;1930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445753 |
| UWM Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11480 |
| Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;3301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221728 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**852206** |
| &nbsp;&nbsp;**Capital Goods 4.2%** | &nbsp;&nbsp;**Capital Goods 4.2%** | &nbsp;&nbsp;**Capital Goods 4.2%** |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85512 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381709 |
| AECOM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27778 |
| AGCO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51903 |
| Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;3559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372876 |
| Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161522 |
| Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99148 |
| Axon Enterprise, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390797 |
| BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102450 |
| Carlisle Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531569 |
| Caterpillar, Inc. | &nbsp;&nbsp;23680 | &nbsp;&nbsp;&nbsp;&nbsp;5125773 |
| ChargePoint Holdings, Inc. *\*(a)* | &nbsp;&nbsp;12749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178231 |
| Core & Main, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29522 |
| Deere & Co. | &nbsp;&nbsp;14436 | &nbsp;&nbsp;&nbsp;&nbsp;5714057 |
| Donaldson Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59403 |
| Emerson Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;9691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;839241 |
| Fastenal Co. | &nbsp;&nbsp;29616 | &nbsp;&nbsp;&nbsp;&nbsp;1431341 |
| Fortune Brands Home & Security, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137168 |
| Generac Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370564 |
| General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;3167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246424 |
| Graco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412679 |
| HEICO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359597 |
| HEICO Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475338 |
| Honeywell International, Inc. | &nbsp;&nbsp;10207 | &nbsp;&nbsp;&nbsp;&nbsp;2082432 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64630 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112083 |
| IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154728 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;14366 | &nbsp;&nbsp;&nbsp;&nbsp;3067572 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408534 |
| Lockheed Martin Corp. | &nbsp;&nbsp;12225 | &nbsp;&nbsp;&nbsp;&nbsp;5949663 |
| Masco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27438 |
| Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158625 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485325 |
| Otis Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186984 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436221 |
| Plug Power, Inc. \* | &nbsp;&nbsp;13312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212726 |
| Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566455 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4031 | &nbsp;&nbsp;&nbsp;&nbsp;1029114 |
| SiteOne Landscape Supply, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161175 |
| Spirit AeroSystems Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117236 |
| The Boeing Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;8782 | &nbsp;&nbsp;&nbsp;&nbsp;1251523 |
| The Middleby Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26154 |
| The Toro Co. | &nbsp;&nbsp;&nbsp;&nbsp;5362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565316 |
| Trane Technologies plc | &nbsp;&nbsp;&nbsp;&nbsp;6974 | &nbsp;&nbsp;&nbsp;&nbsp;1113260 |
| TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586124 |
| Trex Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273007 |
| United Rentals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519974 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45329 |
| Vertiv Holdings Co. | &nbsp;&nbsp;&nbsp;&nbsp;2398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34315 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2346 | &nbsp;&nbsp;&nbsp;&nbsp;1370885 |
| Watsco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242238 |
| WESCO International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166839 |
| WillScot Mobile Mini Holdings Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242251 |
| Xylem, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132340 |
|  |  | &nbsp;&nbsp;&nbsp;**39375098** |
| &nbsp;&nbsp;**Commercial & Professional Services 1.2%** | &nbsp;&nbsp;**Commercial & Professional Services 1.2%** | &nbsp;&nbsp;**Commercial & Professional Services 1.2%** |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734411 |
| Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4158 | &nbsp;&nbsp;&nbsp;&nbsp;1777753 |
| Copart, Inc. \* | &nbsp;&nbsp;10965 | &nbsp;&nbsp;&nbsp;&nbsp;1261194 |
| CoStar Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240467 |
| Driven Brands Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4733 |
| Equifax, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530830 |
| FTI Consulting, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113143 |
| IAA, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214532 |
| KBR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230186 |
| MSA Safety, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95713 |
| Republic Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91508 |
| Robert Half International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373966 |
| Rollins, Inc. | &nbsp;&nbsp;11025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463932 |
| Tetra Tech, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156397 |
| TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;7265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430597 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8003 | &nbsp;&nbsp;&nbsp;&nbsp;1463188 |
| Waste Management, Inc. | &nbsp;&nbsp;20027 | &nbsp;&nbsp;&nbsp;&nbsp;3171676 |
|  |  | &nbsp;&nbsp;&nbsp;**11354226** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 1.1%** | &nbsp;&nbsp;**Consumer Durables & Apparel 1.1%** | &nbsp;&nbsp;**Consumer Durables & Apparel 1.1%** |
| Brunswick Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47137 |
| D.R. Horton, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659477 |
| Deckers Outdoor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418516 |
| Lululemon Athletica, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5749 | &nbsp;&nbsp;&nbsp;&nbsp;1891651 |
| Mattel, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164554 |
| NIKE, Inc., Class B | &nbsp;&nbsp;63124 | &nbsp;&nbsp;&nbsp;&nbsp;5850332 |
| NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474628 |
| Polaris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218745 |
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184274 |
| Skechers U.S.A., Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35807 |
| Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53602 |
| Toll Brothers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122046 |
| TopBuild Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239217 |
| YETI Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142916 |
|  |  | &nbsp;&nbsp;&nbsp;**10502902** |

---

<sub>111</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Consumer Services 2.3%** | &nbsp;&nbsp;**Consumer Services 2.3%** | &nbsp;&nbsp;**Consumer Services 2.3%** |
| Airbnb, Inc., Class A \* | &nbsp;&nbsp;20108 | &nbsp;&nbsp;&nbsp;&nbsp;2149746 |
| Booking Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2044 | &nbsp;&nbsp;&nbsp;&nbsp;3821217 |
| Bright Horizons Family Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53562 |
| Caesars Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317174 |
| Chipotle Mexican Grill, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1432 | &nbsp;&nbsp;&nbsp;&nbsp;2145609 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223325 |
| Churchill Downs, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387336 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656297 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448856 |
| DraftKings, Inc., Class A \* | &nbsp;&nbsp;16709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264002 |
| Expedia Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727944 |
| H&R Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279861 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;10055 | &nbsp;&nbsp;&nbsp;&nbsp;1360039 |
| Las Vegas Sands Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241326 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;14137 | &nbsp;&nbsp;&nbsp;&nbsp;2263475 |
| McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9258 | &nbsp;&nbsp;&nbsp;&nbsp;2524286 |
| Mister Car Wash, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26358 |
| Norwegian Cruise Line Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;1568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26484 |
| Planet Fitness, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;3198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209405 |
| Six Flags Entertainment Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40764 |
| Starbucks Corp. | &nbsp;&nbsp;21271 | &nbsp;&nbsp;&nbsp;&nbsp;1841856 |
| The Wendy's Co. | &nbsp;&nbsp;&nbsp;&nbsp;8686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180495 |
| Travel & Leisure Co. | &nbsp;&nbsp;&nbsp;&nbsp;2942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111737 |
| Vail Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427742 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237054 |
| Wynn Resorts Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43772 |
| Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199133 |
|  |  | &nbsp;&nbsp;&nbsp;**21208855** |
| &nbsp;&nbsp;**Diversified Financials 1.8%** | &nbsp;&nbsp;**Diversified Financials 1.8%** | &nbsp;&nbsp;**Diversified Financials 1.8%** |
| American Express Co. | &nbsp;&nbsp;&nbsp;&nbsp;1964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291556 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3552 | &nbsp;&nbsp;&nbsp;&nbsp;1097994 |
| Apollo Global Management, Inc. | &nbsp;&nbsp;17997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996314 |
| Ares Management Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590640 |
| Blackstone, Inc. | &nbsp;&nbsp;36051 | &nbsp;&nbsp;&nbsp;&nbsp;3285688 |
| Blue Owl Capital, Inc. | &nbsp;&nbsp;21261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213035 |
| Credit Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15365 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831833 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4098 | &nbsp;&nbsp;&nbsp;&nbsp;1047654 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466605 |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7773 | &nbsp;&nbsp;&nbsp;&nbsp;2058835 |
| Morningstar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268632 |
| MSCI, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3058 | &nbsp;&nbsp;&nbsp;&nbsp;1433774 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97584 |
| The Charles Schwab Corp. *(b)* | &nbsp;&nbsp;43238 | &nbsp;&nbsp;&nbsp;&nbsp;3444771 |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193716 |
| Upstart Holdings, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16203 |
|  |  | &nbsp;&nbsp;&nbsp;**16350199** |
| &nbsp;&nbsp;**Energy 1.8%** | &nbsp;&nbsp;**Energy 1.8%** | &nbsp;&nbsp;**Energy 1.8%** |
| Antero Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355785 |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7363 | &nbsp;&nbsp;&nbsp;&nbsp;1298907 |
| Continental Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104372 |
| Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204493 |
| Devon Energy Corp. | &nbsp;&nbsp;16555 | &nbsp;&nbsp;&nbsp;&nbsp;1280529 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799847 |
| Enviva, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92094 |
| EOG Resources, Inc. | &nbsp;&nbsp;22021 | &nbsp;&nbsp;&nbsp;&nbsp;3006307 |
| Halliburton Co. | &nbsp;&nbsp;20974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763873 |
| Hess Corp. | &nbsp;&nbsp;11343 | &nbsp;&nbsp;&nbsp;&nbsp;1600270 |
| New Fortress Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136574 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;34791 | &nbsp;&nbsp;&nbsp;&nbsp;2525827 |
| ONEOK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150020 |
| Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473577 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| PDC Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186915 |
| Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;6726 | &nbsp;&nbsp;&nbsp;&nbsp;1724614 |
| Range Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248630 |
| Southwestern Energy Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;3925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27200 |
| Targa Resources Corp. | &nbsp;&nbsp;11629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795075 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679642 |
|  |  | &nbsp;&nbsp;&nbsp;**16454551** |
| &nbsp;&nbsp;**Food & Staples Retailing 1.5%** | &nbsp;&nbsp;**Food & Staples Retailing 1.5%** | &nbsp;&nbsp;**Food & Staples Retailing 1.5%** |
| BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337000 |
| Costco Wholesale Corp. | &nbsp;&nbsp;22804 | &nbsp;&nbsp;&nbsp;&nbsp;11436206 |
| Grocery Outlet Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9956 |
| Performance Food Group Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;2405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125156 |
| Sysco Corp. | &nbsp;&nbsp;26118 | &nbsp;&nbsp;&nbsp;&nbsp;2260774 |
|  |  | &nbsp;&nbsp;&nbsp;**14169092** |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 2.7%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 2.7%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 2.7%** |
| Brown-Forman Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92152 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;5555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377740 |
| Darling Ingredients, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44969 |
| Freshpet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77637 |
| Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp;7086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544347 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637166 |
| Monster Beverage Corp. \* | &nbsp;&nbsp;17688 | &nbsp;&nbsp;&nbsp;&nbsp;1657719 |
| PepsiCo, Inc. | &nbsp;&nbsp;60172 | &nbsp;&nbsp;&nbsp;&nbsp;10926032 |
| Pilgrim's Pride Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29596 |
| The Boston Beer Co., Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171713 |
| The Coca-Cola Co. | 150840 | &nbsp;&nbsp;&nbsp;&nbsp;9027774 |
| The Hershey Co. | &nbsp;&nbsp;&nbsp;&nbsp;6512 | &nbsp;&nbsp;&nbsp;&nbsp;1554870 |
|  |  | &nbsp;&nbsp;&nbsp;**25141715** |
| &nbsp;&nbsp;**Health Care Equipment & Services 5.8%** | &nbsp;&nbsp;**Health Care Equipment & Services 5.8%** | &nbsp;&nbsp;**Health Care Equipment & Services 5.8%** |
| Abbott Laboratories | &nbsp;&nbsp;11677 | &nbsp;&nbsp;&nbsp;&nbsp;1155322 |
| ABIOMED, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577515 |
| agilon health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178670 |
| Align Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586397 |
| AmerisourceBergen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7586 | &nbsp;&nbsp;&nbsp;&nbsp;1192671 |
| Baxter International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219248 |
| Certara, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47391 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121853 |
| Cigna Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791820 |
| DaVita, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210269 |
| Definitive Healthcare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13034 |
| DexCom, Inc. \* | &nbsp;&nbsp;20146 | &nbsp;&nbsp;&nbsp;&nbsp;2433234 |
| Doximity, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68584 |
| Edwards Lifesciences Corp. \* | &nbsp;&nbsp;31800 | &nbsp;&nbsp;&nbsp;&nbsp;2303274 |
| Elevance Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3774 | &nbsp;&nbsp;&nbsp;&nbsp;2063510 |
| Globus Medical, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14874 |
| Guardant Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248292 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148315 |
| Humana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4594 | &nbsp;&nbsp;&nbsp;&nbsp;2563819 |
| ICU Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27753 |
| IDEXX Laboratories, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4288 | &nbsp;&nbsp;&nbsp;&nbsp;1542308 |
| Insulet Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915670 |
| Intuitive Surgical, Inc. \* | &nbsp;&nbsp;16972 | &nbsp;&nbsp;&nbsp;&nbsp;4183089 |
| Masimo Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245960 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570816 |
| Molina Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819636 |
| Novocure Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;5305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374851 |
| Penumbra, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314304 |
| ResMed, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7429 | &nbsp;&nbsp;&nbsp;&nbsp;1661793 |
| Signify Health, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5028 |
| Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9679 | &nbsp;&nbsp;&nbsp;&nbsp;2218814 |
| Tandem Diabetes Care, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170247 |
| Teladoc Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24898 |

---

<sub>112</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;43831 | &nbsp;&nbsp;&nbsp;&nbsp;24332780 |
| Veeva Systems, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7171 | &nbsp;&nbsp;&nbsp;&nbsp;1204298 |
|  |  | &nbsp;&nbsp;&nbsp;**53550337** |
| &nbsp;&nbsp;**Household & Personal Products 1.5%** | &nbsp;&nbsp;**Household & Personal Products 1.5%** | &nbsp;&nbsp;**Household & Personal Products 1.5%** |
| Church & Dwight Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416759 |
| Colgate-Palmolive Co. | &nbsp;&nbsp;26221 | &nbsp;&nbsp;&nbsp;&nbsp;1936159 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;10243 | &nbsp;&nbsp;&nbsp;&nbsp;1274844 |
| Olaplex Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28098 |
| The Clorox Co. | &nbsp;&nbsp;&nbsp;&nbsp;5244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765834 |
| The Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp;11825 | &nbsp;&nbsp;&nbsp;&nbsp;2370794 |
| The Procter & Gamble Co. | &nbsp;&nbsp;52489 | &nbsp;&nbsp;&nbsp;&nbsp;7068693 |
|  |  | &nbsp;&nbsp;&nbsp;**13861181** |
| &nbsp;&nbsp;**Insurance 1.3%** | &nbsp;&nbsp;**Insurance 1.3%** | &nbsp;&nbsp;**Insurance 1.3%** |
| Aon plc, Class A | &nbsp;&nbsp;10210 | &nbsp;&nbsp;&nbsp;&nbsp;2874013 |
| Arch Capital Group Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;5886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338445 |
| Arthur J. Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp;1233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230670 |
| Assurant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21873 |
| Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52735 |
| Erie Indemnity Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246472 |
| Everest Re Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197790 |
| Lincoln National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94003 |
| Markel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189358 |
| Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;23082 | &nbsp;&nbsp;&nbsp;&nbsp;3727512 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187163 |
| Ryan Specialty Group Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190388 |
| The Progressive Corp. | &nbsp;&nbsp;26174 | &nbsp;&nbsp;&nbsp;&nbsp;3360742 |
|  |  | &nbsp;&nbsp;&nbsp;**11711164** |
| &nbsp;&nbsp;**Materials 1.4%** | &nbsp;&nbsp;**Materials 1.4%** | &nbsp;&nbsp;**Materials 1.4%** |
| Albemarle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868157 |
| Ardagh Metal Packaging S.A. | &nbsp;&nbsp;&nbsp;&nbsp;2149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9542 |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437948 |
| Axalta Coating Systems Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;2767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64526 |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312836 |
| Berry Global Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146692 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;10230 | &nbsp;&nbsp;&nbsp;&nbsp;1087040 |
| Crown Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362430 |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193861 |
| Ecolab, Inc. | &nbsp;&nbsp;11280 | &nbsp;&nbsp;&nbsp;&nbsp;1771750 |
| FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263245 |
| Ginkgo Bioworks Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22290 |
| Graphic Packaging Holding Co. | &nbsp;&nbsp;12041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276461 |
| Linde plc | &nbsp;&nbsp;&nbsp;&nbsp;5449 | &nbsp;&nbsp;&nbsp;&nbsp;1620260 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19374 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94746 |
| MP Materials Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139386 |
| PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733264 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20132 |
| RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30546 |
| Sealed Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357483 |
| Southern Copper Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135649 |
| The Chemours Co. | &nbsp;&nbsp;&nbsp;&nbsp;4751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136021 |
| The Mosaic Co. | &nbsp;&nbsp;&nbsp;&nbsp;2176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116960 |
| The Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31540 |
| The Sherwin-Williams Co. | &nbsp;&nbsp;12315 | &nbsp;&nbsp;&nbsp;&nbsp;2771245 |
| Valvoline, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263741 |
| Vulcan Materials Co. | &nbsp;&nbsp;&nbsp;&nbsp;3333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545612 |
|  |  | &nbsp;&nbsp;&nbsp;**12832737** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Media & Entertainment 6.9%** | &nbsp;&nbsp;**Media & Entertainment 6.9%** | &nbsp;&nbsp;**Media & Entertainment 6.9%** |
| Alphabet, Inc., Class A \* | 268975 | &nbsp;&nbsp;&nbsp;&nbsp;25420827 |
| Alphabet, Inc., Class C \* | 241505 | &nbsp;&nbsp;&nbsp;&nbsp;22860863 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158995 |
| Charter Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5700 | &nbsp;&nbsp;&nbsp;&nbsp;2095434 |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117143 |
| Liberty Broadband Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40100 |
| Liberty Broadband Corp., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;2948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248900 |
| Liberty Media Corp. - Liberty Formula One, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;1303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75222 |
| Liberty Media Corp. - Liberty SiriusXM, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51268 |
| Liberty Media Corp. - Liberty SiriusXM, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;2133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89991 |
| Live Nation Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317325 |
| Madison Square Garden Sports Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77052 |
| Match Group, Inc. \* | &nbsp;&nbsp;13832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597542 |
| Meta Platforms, Inc., Class A \* | &nbsp;&nbsp;25238 | &nbsp;&nbsp;&nbsp;&nbsp;2351172 |
| Netflix, Inc. \* | &nbsp;&nbsp;10169 | &nbsp;&nbsp;&nbsp;&nbsp;2968128 |
| Nexstar Media Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29806 |
| Pinterest, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158424 |
| Playtika Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47089 |
| ROBLOX Corp., Class A \* | &nbsp;&nbsp;22675 | &nbsp;&nbsp;&nbsp;&nbsp;1014480 |
| Roku, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97084 |
| Spotify Technology S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;7295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587831 |
| Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826872 |
| The Trade Desk, Inc., Class A \* | &nbsp;&nbsp;22580 | &nbsp;&nbsp;&nbsp;&nbsp;1202159 |
| The Walt Disney Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;6340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675464 |
| TripAdvisor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12495 |
| Warner Bros Discovery, Inc. \* | &nbsp;&nbsp;89100 | &nbsp;&nbsp;&nbsp;&nbsp;1158300 |
| World Wrestling Entertainment, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175846 |
| ZoomInfo Technologies, Inc. \* | &nbsp;&nbsp;14267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635310 |
|  |  | &nbsp;&nbsp;&nbsp;**64091122** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 6.8%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 6.8%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 6.8%** |
| 10X Genomics, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115216 |
| AbbVie, Inc. | &nbsp;&nbsp;90998 | &nbsp;&nbsp;&nbsp;&nbsp;13322107 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;13861 | &nbsp;&nbsp;&nbsp;&nbsp;1917669 |
| Alnylam Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6205 | &nbsp;&nbsp;&nbsp;&nbsp;1286048 |
| Amgen, Inc. | &nbsp;&nbsp;23093 | &nbsp;&nbsp;&nbsp;&nbsp;6243193 |
| Avantor, Inc. \* | &nbsp;&nbsp;29063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586201 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591039 |
| Bruker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345500 |
| Catalent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183190 |
| Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513220 |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576073 |
| Eli Lilly & Co. | &nbsp;&nbsp;35318 | &nbsp;&nbsp;&nbsp;&nbsp;12788295 |
| Exact Sciences Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56831 |
| Exelixis, Inc. \* | &nbsp;&nbsp;14034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232684 |
| Horizon Therapeutics plc \* | &nbsp;&nbsp;10749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669878 |
| Incyte Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602823 |
| Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294549 |
| IQVIA Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9548 | &nbsp;&nbsp;&nbsp;&nbsp;2001929 |
| Maravai LifeSciences Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93939 |
| Merck & Co., Inc. | &nbsp;&nbsp;54589 | &nbsp;&nbsp;&nbsp;&nbsp;5524407 |
| Mettler-Toledo International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1152 | &nbsp;&nbsp;&nbsp;&nbsp;1457199 |
| Moderna, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157846 |
| Natera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191503 |
| Neurocrine Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560289 |
| Novavax, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;4032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89793 |
| Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584025 |
| Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369542 |
| Sarepta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492452 |

---

<sub>113</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Seagen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888721 |
| Sotera Health Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;5024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34565 |
| Syneos Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44637 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2468 | &nbsp;&nbsp;&nbsp;&nbsp;1268478 |
| Ultragenyx Pharmaceutical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107785 |
| Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp;12430 | &nbsp;&nbsp;&nbsp;&nbsp;3878160 |
| Waters Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922042 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876451 |
| Zoetis, Inc. | &nbsp;&nbsp;24239 | &nbsp;&nbsp;&nbsp;&nbsp;3654756 |
|  |  | &nbsp;&nbsp;&nbsp;**63523035** |
| &nbsp;&nbsp;**Real Estate 1.5%** | &nbsp;&nbsp;**Real Estate 1.5%** | &nbsp;&nbsp;**Real Estate 1.5%** |
| American Tower Corp. | &nbsp;&nbsp;18330 | &nbsp;&nbsp;&nbsp;&nbsp;3797793 |
| Apartment Income REIT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19484 |
| Camden Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50380 |
| CBRE Group, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574047 |
| Crown Castle, Inc. | &nbsp;&nbsp;22219 | &nbsp;&nbsp;&nbsp;&nbsp;2960904 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3528 | &nbsp;&nbsp;&nbsp;&nbsp;1998400 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357920 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144081 |
| Iron Mountain, Inc. | &nbsp;&nbsp;11091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555326 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358959 |
| Opendoor Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17094 |
| Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;6392 | &nbsp;&nbsp;&nbsp;&nbsp;1979922 |
| SBA Communications Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339264 |
| Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885245 |
| Zillow Group, Inc., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20645 |
|  |  | &nbsp;&nbsp;&nbsp;**14059464** |
| &nbsp;&nbsp;**Retailing 8.9%** | &nbsp;&nbsp;**Retailing 8.9%** | &nbsp;&nbsp;**Retailing 8.9%** |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46340 |
| Amazon.com, Inc. \* | 457193 | &nbsp;&nbsp;&nbsp;&nbsp;46834851 |
| AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909 | &nbsp;&nbsp;&nbsp;&nbsp;2302388 |
| Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220828 |
| Burlington Stores, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453612 |
| CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60364 |
| Carvana Co. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;5321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71993 |
| Dollar General Corp. | &nbsp;&nbsp;11773 | &nbsp;&nbsp;&nbsp;&nbsp;3002704 |
| Dollar Tree, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537157 |
| DoorDash, Inc., Class A \* | &nbsp;&nbsp;11409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496634 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153782 |
| Etsy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614829 |
| Five Below, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410365 |
| Floor & Decor Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389301 |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109028 |
| Leslie's, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101664 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;28425 | &nbsp;&nbsp;&nbsp;&nbsp;5541454 |
| Nordstrom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100358 |
| Ollie's Bargain Outlet Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7840 |
| O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1319 | &nbsp;&nbsp;&nbsp;&nbsp;1104227 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604201 |
| RH \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96239 |
| Ross Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719110 |
| Target Corp. | &nbsp;&nbsp;13142 | &nbsp;&nbsp;&nbsp;&nbsp;2158574 |
| The Home Depot, Inc. | &nbsp;&nbsp;30867 | &nbsp;&nbsp;&nbsp;&nbsp;9140645 |
| The TJX Cos., Inc. | &nbsp;&nbsp;60459 | &nbsp;&nbsp;&nbsp;&nbsp;4359094 |
| Tractor Supply Co. | &nbsp;&nbsp;&nbsp;&nbsp;5751 | &nbsp;&nbsp;&nbsp;&nbsp;1263897 |
| Ulta Beauty, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2644 | &nbsp;&nbsp;&nbsp;&nbsp;1108814 |
| Victoria's Secret & Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;3054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114830 |
| Wayfair, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98175 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344247 |
|  |  | &nbsp;&nbsp;&nbsp;**82567545** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 6.4%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 6.4%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 6.4%** |
| Advanced Micro Devices, Inc. \* | &nbsp;&nbsp;65550 | &nbsp;&nbsp;&nbsp;&nbsp;3936933 |
| Allegro MicroSystems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83700 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772858 |
| Applied Materials, Inc. | &nbsp;&nbsp;44727 | &nbsp;&nbsp;&nbsp;&nbsp;3948947 |
| Broadcom, Inc. | &nbsp;&nbsp;20340 | &nbsp;&nbsp;&nbsp;&nbsp;9562241 |
| Enphase Energy, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6733 | &nbsp;&nbsp;&nbsp;&nbsp;2067031 |
| Entegris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603857 |
| GLOBALFOUNDRIES, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44283 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7302 | &nbsp;&nbsp;&nbsp;&nbsp;2310718 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7046 | &nbsp;&nbsp;&nbsp;&nbsp;2852080 |
| Lattice Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338212 |
| Microchip Technology, Inc. | &nbsp;&nbsp;23636 | &nbsp;&nbsp;&nbsp;&nbsp;1459287 |
| Micron Technology, Inc. | &nbsp;&nbsp;10726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580276 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791937 |
| NVIDIA Corp. | 124010 | &nbsp;&nbsp;&nbsp;&nbsp;16737630 |
| ON Semiconductor Corp. \* | &nbsp;&nbsp;13931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855781 |
| QUALCOMM, Inc. | &nbsp;&nbsp;57700 | &nbsp;&nbsp;&nbsp;&nbsp;6788982 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593285 |
| Texas Instruments, Inc. | &nbsp;&nbsp;32539 | &nbsp;&nbsp;&nbsp;&nbsp;5226739 |
| Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212341 |
|  |  | &nbsp;&nbsp;&nbsp;**59767118** |
| &nbsp;&nbsp;**Software & Services 22.5%** | &nbsp;&nbsp;**Software & Services 22.5%** | &nbsp;&nbsp;**Software & Services 22.5%** |
| Accenture plc, Class A | &nbsp;&nbsp;32643 | &nbsp;&nbsp;&nbsp;&nbsp;9267348 |
| Adobe, Inc. \* | &nbsp;&nbsp;24307 | &nbsp;&nbsp;&nbsp;&nbsp;7741779 |
| Alteryx, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;3020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147165 |
| ANSYS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523265 |
| AppLovin Corp., Class A \* | &nbsp;&nbsp;11326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192089 |
| Aspen Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335374 |
| Atlassian Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7041 | &nbsp;&nbsp;&nbsp;&nbsp;1427422 |
| Autodesk, Inc. \* | &nbsp;&nbsp;11209 | &nbsp;&nbsp;&nbsp;&nbsp;2402089 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;19746 | &nbsp;&nbsp;&nbsp;&nbsp;4772608 |
| Bentley Systems, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;8706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307148 |
| Black Knight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43901 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;817227 |
| Cadence Design Systems, Inc. \* | &nbsp;&nbsp;14052 | &nbsp;&nbsp;&nbsp;&nbsp;2127332 |
| CCC Intelligent Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32487 |
| Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88297 |
| Cloudflare, Inc., Class A \* | &nbsp;&nbsp;14376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809656 |
| Confluent, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172865 |
| Coupa Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114764 |
| Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp;10820 | &nbsp;&nbsp;&nbsp;&nbsp;1744184 |
| Datadog, Inc., Class A \* | &nbsp;&nbsp;13665 | &nbsp;&nbsp;&nbsp;&nbsp;1100169 |
| DocuSign, Inc. \* | &nbsp;&nbsp;10154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490438 |
| DoubleVerify Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82575 |
| Dropbox, Inc., Class A \* | &nbsp;&nbsp;13233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287818 |
| Dynatrace, Inc. \* | &nbsp;&nbsp;10258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361492 |
| Elastic N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;3993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255352 |
| EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988050 |
| Euronet Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151470 |
| Fair Isaac Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605254 |
| Fiserv, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283973 |
| Five9, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214706 |
| FleetCor Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697206 |
| Fortinet, Inc. \* | &nbsp;&nbsp;33227 | &nbsp;&nbsp;&nbsp;&nbsp;1899255 |
| Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3950 | &nbsp;&nbsp;&nbsp;&nbsp;1192584 |
| Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;4844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234934 |
| Globant S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;2094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395096 |
| GoDaddy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88922 |
| HubSpot, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696323 |
| Informatica, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5343 |
| International Business Machines Corp. | &nbsp;&nbsp;30959 | &nbsp;&nbsp;&nbsp;&nbsp;4281320 |
| Intuit, Inc. | &nbsp;&nbsp;14197 | &nbsp;&nbsp;&nbsp;&nbsp;6069217 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741698 |
| Jamf Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68477 |

---

<sub>114</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244800 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;44336 | &nbsp;&nbsp;&nbsp;&nbsp;14550188 |
| Microsoft Corp. | 385024 | &nbsp;&nbsp;&nbsp;&nbsp;89375621 |
| MongoDB, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612418 |
| nCino, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22067 |
| NCR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8185 |
| New Relic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159237 |
| NortonLifeLock, Inc. | &nbsp;&nbsp;10468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235844 |
| Nutanix, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156427 |
| Okta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58589 |
| Oracle Corp. | &nbsp;&nbsp;53547 | &nbsp;&nbsp;&nbsp;&nbsp;4180414 |
| Palantir Technologies, Inc., Class A \* | &nbsp;&nbsp;93148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818771 |
| Palo Alto Networks, Inc. \* | &nbsp;&nbsp;15135 | &nbsp;&nbsp;&nbsp;&nbsp;2597015 |
| Paychex, Inc. | &nbsp;&nbsp;16604 | &nbsp;&nbsp;&nbsp;&nbsp;1964419 |
| Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912748 |
| Paylocity Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473779 |
| PayPal Holdings, Inc. \* | &nbsp;&nbsp;18373 | &nbsp;&nbsp;&nbsp;&nbsp;1535615 |
| Pegasystems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78067 |
| Procore Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142553 |
| PTC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638167 |
| RingCentral, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155080 |
| Salesforce, Inc. \* | &nbsp;&nbsp;10627 | &nbsp;&nbsp;&nbsp;&nbsp;1727844 |
| SentinelOne, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152343 |
| ServiceNow, Inc. \* | &nbsp;&nbsp;10317 | &nbsp;&nbsp;&nbsp;&nbsp;4340775 |
| Shift4 Payments, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118373 |
| Smartsheet, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225723 |
| Snowflake, Inc., Class A \* | &nbsp;&nbsp;14771 | &nbsp;&nbsp;&nbsp;&nbsp;2367791 |
| Splunk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686904 |
| Switch, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152306 |
| Synopsys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7853 | &nbsp;&nbsp;&nbsp;&nbsp;2297395 |
| Teradata Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89716 |
| The Western Union Co. | &nbsp;&nbsp;&nbsp;&nbsp;6502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87842 |
| Thoughtworks Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40276 |
| Toast, Inc., Class A \* | &nbsp;&nbsp;12678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280057 |
| Twilio, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;3337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248173 |
| Tyler Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597837 |
| UiPath, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22530 |
| Unity Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213787 |
| VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104440 |
| Visa, Inc., Class A | &nbsp;&nbsp;84786 | &nbsp;&nbsp;&nbsp;&nbsp;17564268 |
| VMware, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590670 |
| WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268041 |
| Wix.com Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;2151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180899 |
| Workday, Inc., Class A \* | &nbsp;&nbsp;10167 | &nbsp;&nbsp;&nbsp;&nbsp;1584222 |
| Zendesk, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479466 |
| Zoom Video Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;6555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546949 |
| Zscaler, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660935 |
|  |  | **208808238** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 14.0%** | &nbsp;&nbsp;**Technology Hardware & Equipment 14.0%** | &nbsp;&nbsp;**Technology Hardware & Equipment 14.0%** |
| Amphenol Corp., Class A | &nbsp;&nbsp;22779 | &nbsp;&nbsp;&nbsp;&nbsp;1727332 |
| Apple Inc. | 786911 | &nbsp;&nbsp;120664933 |
| Arista Networks, Inc. \* | &nbsp;&nbsp;12672 | &nbsp;&nbsp;&nbsp;&nbsp;1531538 |
| Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17518 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6960 | &nbsp;&nbsp;&nbsp;&nbsp;1202758 |
| Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384911 |
| Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33946 |
| Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73509 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;2085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80064 |
| HP, Inc. | &nbsp;&nbsp;24647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680750 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362434 |
| Keysight Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8555 | &nbsp;&nbsp;&nbsp;&nbsp;1489853 |
| National Instruments Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31804 |
| NetApp, Inc. | &nbsp;&nbsp;11409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790301 |
| Pure Storage, Inc., Class A \* | &nbsp;&nbsp;14577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449846 |
| Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30167 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Vontier Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95748 |
| Zebra Technologies Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309560 |
|  |  | **129956972** |
| &nbsp;&nbsp;**Transportation 2.1%** | &nbsp;&nbsp;**Transportation 2.1%** | &nbsp;&nbsp;**Transportation 2.1%** |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163876 |
| CSX Corp. | &nbsp;&nbsp;27806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808042 |
| Delta Air Lines, Inc. \* | &nbsp;&nbsp;32911 | &nbsp;&nbsp;&nbsp;&nbsp;1116670 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250790 |
| GXO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20828 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651948 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255888 |
| Lyft, Inc., Class A \* | &nbsp;&nbsp;12790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187246 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5170 | &nbsp;&nbsp;&nbsp;&nbsp;1419682 |
| Uber Technologies, Inc. \* | &nbsp;&nbsp;84254 | &nbsp;&nbsp;&nbsp;&nbsp;2238629 |
| Union Pacific Corp. | &nbsp;&nbsp;32332 | &nbsp;&nbsp;&nbsp;&nbsp;6373930 |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;33790 | &nbsp;&nbsp;&nbsp;&nbsp;5668948 |
| XPO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20334 |
|  |  | &nbsp;&nbsp;&nbsp;**19176811** |
| &nbsp;&nbsp;**Utilities 0.0%** | &nbsp;&nbsp;**Utilities 0.0%** | &nbsp;&nbsp;**Utilities 0.0%** |
| National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24297 |
| The AES Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161590 |
| Vistra Corp. | &nbsp;&nbsp;12232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280969 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**466856** |
| **Total Common Stocks<br> (Cost $793,019,382)** | **Total Common Stocks<br> (Cost $793,019,382)** | **920266046** |
| **INVESTMENT COMPANIES 0.1% OF NET ASSETS** | **INVESTMENT COMPANIES 0.1% OF NET ASSETS** | **INVESTMENT COMPANIES 0.1% OF NET ASSETS** |
| &nbsp;&nbsp;**Equity Funds 0.1%** | &nbsp;&nbsp;**Equity Funds 0.1%** | &nbsp;&nbsp;**Equity Funds 0.1%** |
| iShares Russell 1000 Growth ETF | &nbsp;&nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**868062** |
| **Total Investment Companies<br> (Cost $840,722)** | **Total Investment Companies<br> (Cost $840,722)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**868062** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS** |
| &nbsp;&nbsp;**Money Market Funds 0.5%** | &nbsp;&nbsp;**Money Market Funds 0.5%** | &nbsp;&nbsp;**Money Market Funds 0.5%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)* | 4505176 | &nbsp;&nbsp;&nbsp;&nbsp;4505176 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)(d)* | &nbsp;&nbsp;&nbsp;693895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693895 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**5199071** |
| **Total Short-Term Investments<br> (Cost $5,199,071)** | **Total Short-Term Investments<br> (Cost $5,199,071)** | &nbsp;&nbsp;&nbsp;&nbsp;**5199071** |
| **Total Investments in Securities<br> (Cost $799,059,175)** | **Total Investments in Securities<br> (Cost $799,059,175)** | **926333179** |

---

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Schwab U.S. Large-Cap Growth Index Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| Russell 1000 Growth Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7537500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121047 |
| S&P 500 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10173) |
| **Net Unrealized Appreciation** | **Net Unrealized Appreciation** | **Net Unrealized Appreciation** | **110874** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $674,746.

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

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

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

ETF — Exchange traded fund <br> REIT — Real Estate Investment Trust

Below is a summary of the fund's transactions with affiliated issuers during the period ended October 31, 2022:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 10/31/21 | PURCHASES | SALES | REALIZED <br> GAINS (LOSSES) | NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) | VALUE AT<br> 10/31/22 | BALANCE <br> OF SHARES<br> HELD AT<br> 10/31/22 | DIVIDENDS <br> RECEIVED |
| **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** | **COMMON STOCKS 0.4% OF NET ASSETS** |
| **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** | **Diversified Financials 0.4%** |
| The Charles Schwab Corp. | $— | $2927104 | ($128426) | $1923 | $644170 | **$3444771** | 43238 | $9224 |

---

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$920266046 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$920266046 |
| Investment Companies<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868062 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868062 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5199071 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5199071 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121047 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121047 |
| **Liabilities** |  |  |  |  |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10173) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10173) |
| **Total** | **$926444053** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$926444053** |

---

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the underlying securities held by the underlying mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated (cost $2,800,601) |  | &nbsp;&nbsp;&nbsp;&nbsp;$3444771 |
| Investments in securities, at value - unaffiliated (cost $796,258,574) including securities on loan of $674,746 |  | &nbsp;&nbsp;&nbsp;922888408 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1963860 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463600 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1471632 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1795 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**930722853** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693895 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24508 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1734823** |
| **Net assets** |  | **$928988030** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;$848819896 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;&nbsp;80168134 |
| **Net assets** |  | **$928988030** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $928988030 |  | 14056773 |  | $66.09 |

---

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $1,391) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7917292 |
| Dividends received from securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9224 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27888 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7954404** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311233 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4001 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**315234** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7639170** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized gains on sales of securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1923 |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;(43110083) |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(869520) |
| **Net realized losses** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(43977680)** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644170 |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(211896756) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83645 |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(211168941)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(255146621)** |
| **Decrease in net assets resulting from operations** |  | **($247507451)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Growth Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7639170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5029957 |
| Net realized gains (losses) |  | &nbsp;&nbsp;&nbsp;&nbsp;(43977680) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16292898 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(211168941) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214527301 |
| **Increase (decrease) in net assets resulting from operations** |  | **($247507451)** | &nbsp;&nbsp;&nbsp;**$235850156** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;**($16277055)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**($3820481)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;7588954 | &nbsp;&nbsp;&nbsp;&nbsp;$563493219 | &nbsp;&nbsp;&nbsp;&nbsp;4598477 | &nbsp;&nbsp;&nbsp;&nbsp;$352197876 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;157797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14184348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3263376 |
| Shares redeemed | + | &nbsp;&nbsp;(3565449) | &nbsp;&nbsp;&nbsp;&nbsp;(266064240) | &nbsp;&nbsp;&nbsp;(2532061) | &nbsp;&nbsp;&nbsp;&nbsp;(193536712) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;**4181302** | &nbsp;&nbsp;&nbsp;**$311613327** | &nbsp;&nbsp;&nbsp;&nbsp;**2112230** | &nbsp;&nbsp;&nbsp;**$161924540** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;&nbsp;9875471 | &nbsp;&nbsp;&nbsp;&nbsp;$881159209 | &nbsp;&nbsp;&nbsp;&nbsp;7763241 | &nbsp;&nbsp;&nbsp;&nbsp;$487204994 |
| Total increase | + | &nbsp;&nbsp;&nbsp;4181302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47828821 | &nbsp;&nbsp;&nbsp;&nbsp;2112230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393954215 |
| **End of period** |  | **14056773** | &nbsp;&nbsp;&nbsp;**$928988030** | &nbsp;&nbsp;&nbsp;&nbsp;**9875471** | &nbsp;&nbsp;&nbsp;**$881159209** |

---

<sub>119</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;12/20/17 <sup>1</sup>–<br> 10/31/18 |
| **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;&nbsp;&nbsp;$53.65 | &nbsp;&nbsp;&nbsp;&nbsp;$38.09 | &nbsp;&nbsp;&nbsp;&nbsp;$43.06 | &nbsp;&nbsp;&nbsp;&nbsp;$39.51 | &nbsp;&nbsp;&nbsp;&nbsp;$40.00 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4.60) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4.07) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.31) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.59) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.07) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.49) |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.91) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.88) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.06) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.62) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.64) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.84) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.06) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.55) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.88) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.90) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.68) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Net asset value at end of period | &nbsp;&nbsp;&nbsp;&nbsp;$47.51 | &nbsp;&nbsp;&nbsp;&nbsp;$53.65 | &nbsp;&nbsp;&nbsp;&nbsp;$38.09 | &nbsp;&nbsp;&nbsp;&nbsp;$43.06 | &nbsp;&nbsp;&nbsp;&nbsp;$39.51 |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7.04%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43.70% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7.69%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.08% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.23%) <sup>3</sup> |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% <sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.035% <sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.040% <sup>6,7</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Net operating expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.02% <sup>6,7</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.05% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.97% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.57% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.79% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.36% <sup>6</sup> |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15% <sup>8</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22% <sup>3</sup> |
| Net assets, end of period (x 1,000) | &nbsp;&nbsp;$647796 | &nbsp;&nbsp;$575972 | &nbsp;&nbsp;$331322 | &nbsp;&nbsp;$212213 | &nbsp;&nbsp;$69749 |

---

<sup>1</sup> Commencement of operations.

<sup>2</sup> Calculated based on the average shares outstanding during the period.

<sup>3</sup> Not annualized.

<sup>4</sup> Ratio includes less than 0.0005% of non-routine proxy expenses.

<sup>5</sup> Effective December 20, 2018, the annual operating expense ratio was reduced to 0.035%. The ratio presented for period ended 10/31/19 is a blended ratio.

<sup>6</sup> Annualized.

<sup>7</sup> The investment adviser voluntarily agreed to waive the fund's management fees to 0.00% beginning with the fund's commencement of operations through June 30, 2018. The ratio presented for period ended 10/31/18 is a blended ratio.

<sup>8</sup> Portfolio turnover rate excludes in-kind transactions.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 99.3% OF NET ASSETS** | **COMMON STOCKS 99.3% OF NET ASSETS** | **COMMON STOCKS 99.3% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 1.0%** | &nbsp;&nbsp;**Automobiles & Components 1.0%** | &nbsp;&nbsp;**Automobiles & Components 1.0%** |
| Aptiv plc \* | &nbsp;&nbsp;&nbsp;&nbsp;7159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651970 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313938 |
| Ford Motor Co. | 139527 | &nbsp;&nbsp;&nbsp;1865476 |
| General Motors Co. | &nbsp;&nbsp;51482 | &nbsp;&nbsp;&nbsp;2020669 |
| Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219417 |
| Harley-Davidson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205497 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292539 |
| Lucid Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17077 |
| QuantumScape Corp. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;8891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74062 |
| Rivian Automotive, Inc., Class A \* | &nbsp;&nbsp;18370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642399 |
| Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152593 |
|  |  | &nbsp;&nbsp;&nbsp;**6455637** |
| &nbsp;&nbsp;**Banks 7.5%** | &nbsp;&nbsp;**Banks 7.5%** | &nbsp;&nbsp;**Banks 7.5%** |
| Bank of America Corp. | 248727 | &nbsp;&nbsp;&nbsp;8964121 |
| Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106558 |
| Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;3954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169943 |
| BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114377 |
| Citigroup, Inc. | &nbsp;&nbsp;68554 | &nbsp;&nbsp;&nbsp;3143886 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;17267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;706220 |
| Comerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326556 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274930 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320643 |
| East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358780 |
| F.N.B. Corp. | &nbsp;&nbsp;12394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179093 |
| Fifth Third Bancorp | &nbsp;&nbsp;24096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859986 |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267189 |
| First Hawaiian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116031 |
| First Horizon Corp. | &nbsp;&nbsp;18688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458043 |
| First Republic Bank | &nbsp;&nbsp;&nbsp;&nbsp;6429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772123 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp;50740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770233 |
| JPMorgan Chase & Co. | 103296 | 13002901 |
| KeyCorp | &nbsp;&nbsp;32840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586851 |
| M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6188 | &nbsp;&nbsp;&nbsp;1041874 |
| MGIC Investment Corp. | &nbsp;&nbsp;10729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146451 |
| New York Community Bancorp, Inc. | &nbsp;&nbsp;16376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152461 |
| PacWest Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;4138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102871 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220421 |
| Popular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184155 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222010 |
| Regions Financial Corp. | &nbsp;&nbsp;33051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725470 |
| Rocket Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11909 |
| Signature Bank | &nbsp;&nbsp;&nbsp;&nbsp;2085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330535 |
| SVB Financial Group \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174144 |
| Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202000 |
| TFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25037 |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;14619 | &nbsp;&nbsp;&nbsp;2365793 |
| Truist Financial Corp. | &nbsp;&nbsp;47071 | &nbsp;&nbsp;&nbsp;2108310 |
| U.S. Bancorp | &nbsp;&nbsp;47520 | &nbsp;&nbsp;&nbsp;2017224 |
| Umpqua Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151605 |
| UWM Holdings Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922 |
| Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335869 |
| Wells Fargo & Co. | 134315 | &nbsp;&nbsp;&nbsp;6177147 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Western Alliance Bancorp | &nbsp;&nbsp;1460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98068 |
| Wintrust Financial Corp. | &nbsp;&nbsp;2109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197445 |
| Zions Bancorp NA | &nbsp;&nbsp;5279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274191 |
|  |  | **48764376** |
| &nbsp;&nbsp;**Capital Goods 7.9%** | &nbsp;&nbsp;**Capital Goods 7.9%** | &nbsp;&nbsp;**Capital Goods 7.9%** |
| 3M Co. | 20096 | &nbsp;&nbsp;&nbsp;&nbsp;2527876 |
| A.O. Smith Corp. | &nbsp;&nbsp;3406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186581 |
| Acuity Brands, Inc. | &nbsp;&nbsp;1148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210738 |
| AECOM | &nbsp;&nbsp;4382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329877 |
| AGCO Corp. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235923 |
| Air Lease Corp. | &nbsp;&nbsp;3691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130255 |
| Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67996 |
| Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30293 |
| AMETEK, Inc. | &nbsp;&nbsp;8154 | &nbsp;&nbsp;&nbsp;&nbsp;1057248 |
| Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52748 |
| Axon Enterprise, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78538 |
| Builders FirstSource, Inc. \* | &nbsp;&nbsp;5468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337157 |
| BWX Technologies, Inc. | &nbsp;&nbsp;1952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111225 |
| Carlisle Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68536 |
| Carrier Global Corp. | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;1192800 |
| Caterpillar, Inc. | &nbsp;&nbsp;2408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521236 |
| Core & Main, Inc., Class A \* | &nbsp;&nbsp;1657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39072 |
| Crane Holdings Co. | &nbsp;&nbsp;1661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166665 |
| Cummins, Inc. | &nbsp;&nbsp;4991 | &nbsp;&nbsp;&nbsp;&nbsp;1220349 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;1357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227745 |
| Donaldson Co., Inc. | &nbsp;&nbsp;3613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207567 |
| Dover Corp. | &nbsp;&nbsp;5088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664951 |
| Eaton Corp. plc | 14134 | &nbsp;&nbsp;&nbsp;&nbsp;2121089 |
| Emerson Electric Co. | 14239 | &nbsp;&nbsp;&nbsp;&nbsp;1233097 |
| Esab Corp. | &nbsp;&nbsp;1785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66580 |
| Flowserve Corp. | &nbsp;&nbsp;4637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132989 |
| Fortive Corp. | 12694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811147 |
| Fortune Brands Home & Security, Inc. | &nbsp;&nbsp;2996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180719 |
| Gates Industrial Corp. plc \* | &nbsp;&nbsp;3834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42749 |
| General Dynamics Corp. | &nbsp;&nbsp;8616 | &nbsp;&nbsp;&nbsp;&nbsp;2152277 |
| General Electric Co. | 36604 | &nbsp;&nbsp;&nbsp;&nbsp;2848157 |
| Graco, Inc. | &nbsp;&nbsp;1867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129906 |
| Hayward Holdings, Inc. \* | &nbsp;&nbsp;2367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21895 |
| HEICO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15939 |
| HEICO Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22532 |
| Hexcel Corp. | &nbsp;&nbsp;2978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165875 |
| Honeywell International, Inc. | 16854 | &nbsp;&nbsp;&nbsp;&nbsp;3438553 |
| Howmet Aerospace, Inc. | 11935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424289 |
| Hubbell, Inc. | &nbsp;&nbsp;1891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449075 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;1088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279692 |
| IDEX Corp. | &nbsp;&nbsp;2205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490193 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237232 |
| Ingersoll Rand, Inc. | 14368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725584 |
| ITT, Inc. | &nbsp;&nbsp;2941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224663 |
| Johnson Controls International plc | 24619 | &nbsp;&nbsp;&nbsp;&nbsp;1423963 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;6811 | &nbsp;&nbsp;&nbsp;&nbsp;1678707 |
| Lennox International, Inc. | &nbsp;&nbsp;1133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264635 |
| Masco Corp. | &nbsp;&nbsp;7533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348552 |
| MasTec, Inc. \* | &nbsp;&nbsp;2152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165876 |
| MDU Resources Group, Inc. | &nbsp;&nbsp;7159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203888 |
| Mercury Systems, Inc. \* | &nbsp;&nbsp;2006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97090 |

---

<sub>121</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp;1622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134594 |
| Nordson Corp. | &nbsp;&nbsp;1573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353925 |
| Northrop Grumman Corp. | &nbsp;&nbsp;4578 | &nbsp;&nbsp;&nbsp;&nbsp;2513368 |
| nVent Electric plc | &nbsp;&nbsp;5816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212284 |
| Oshkosh Corp. | &nbsp;&nbsp;2326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204688 |
| Otis Worldwide Corp. | 13151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928987 |
| Owens Corning | &nbsp;&nbsp;3435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294070 |
| PACCAR, Inc. | 12072 | &nbsp;&nbsp;&nbsp;&nbsp;1168932 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;3502 | &nbsp;&nbsp;&nbsp;&nbsp;1017751 |
| Pentair plc | &nbsp;&nbsp;5833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250527 |
| Plug Power, Inc. \* | &nbsp;&nbsp;9237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147607 |
| Quanta Services, Inc. | &nbsp;&nbsp;2291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325414 |
| Raytheon Technologies Corp. | 52661 | &nbsp;&nbsp;&nbsp;&nbsp;4993316 |
| Regal Rexnord Corp. | &nbsp;&nbsp;2363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299014 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;1341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342357 |
| Sensata Technologies Holding plc | &nbsp;&nbsp;5441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218783 |
| SiteOne Landscape Supply, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71028 |
| Snap-on, Inc. | &nbsp;&nbsp;1855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411903 |
| Spirit AeroSystems Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4099 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;5212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409090 |
| Sunrun, Inc. \* | &nbsp;&nbsp;7269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163625 |
| Textron, Inc. | &nbsp;&nbsp;7462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510699 |
| The AZEK Co., Inc. \* | &nbsp;&nbsp;3880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67939 |
| The Boeing Co. \* | 13368 | &nbsp;&nbsp;&nbsp;&nbsp;1905074 |
| The Middleby Corp. \* | &nbsp;&nbsp;1765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246853 |
| The Timken Co. | &nbsp;&nbsp;2214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157836 |
| Trane Technologies plc | &nbsp;&nbsp;3455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551522 |
| TransDigm Group, Inc. | &nbsp;&nbsp;1114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641397 |
| United Rentals, Inc. \* | &nbsp;&nbsp;1340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423051 |
| Univar Solutions, Inc. \* | &nbsp;&nbsp;5783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147351 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203343 |
| Vertiv Holdings Co. | &nbsp;&nbsp;9055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129577 |
| Watsco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148486 |
| WESCO International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103052 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;6398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596805 |
| WillScot Mobile Mini Holdings Corp. \* | &nbsp;&nbsp;3418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145367 |
| Woodward, Inc. | &nbsp;&nbsp;2071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189911 |
| Xylem, Inc. | &nbsp;&nbsp;5444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557629 |
|  |  | **51253573** |
| &nbsp;&nbsp;**Commercial & Professional Services 0.9%** | &nbsp;&nbsp;**Commercial & Professional Services 0.9%** | &nbsp;&nbsp;**Commercial & Professional Services 0.9%** |
| CACI International, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249609 |
| Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88075 |
| Clarivate plc \* | 16769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173224 |
| Clean Harbors, Inc. \* | &nbsp;&nbsp;1808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221408 |
| CoStar Group, Inc. \* | 11911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985278 |
| Driven Brands Holdings, Inc. \* | &nbsp;&nbsp;1830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58523 |
| Dun & Bradstreet Holdings, Inc. | &nbsp;&nbsp;8934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114802 |
| Equifax, Inc. | &nbsp;&nbsp;2155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365359 |
| FTI Consulting, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107852 |
| IAA, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30761 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;4515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520218 |
| KBR, Inc. | &nbsp;&nbsp;1707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84957 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;4811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488750 |
| ManpowerGroup, Inc. | &nbsp;&nbsp;1829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143284 |
| MSA Safety, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106989 |
| Republic Services, Inc. | &nbsp;&nbsp;6833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906192 |
| Robert Half International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34101 |
| Rollins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24743 |
| Science Applications International Corp. | &nbsp;&nbsp;1959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212238 |
| Stericycle, Inc. \* | &nbsp;&nbsp;3236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144261 |
| Tetra Tech, Inc. | &nbsp;&nbsp;1112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157103 |
| TransUnion | &nbsp;&nbsp;1831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108523 |
| Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146651 |
|  |  | &nbsp;&nbsp;&nbsp;**5472901** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Consumer Durables & Apparel 0.8%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.8%** | &nbsp;&nbsp;**Consumer Durables & Apparel 0.8%** |
| Brunswick Corp. | &nbsp;&nbsp;2155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152294 |
| Capri Holdings Ltd. \* | &nbsp;&nbsp;4770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217894 |
| Carter's, Inc. | &nbsp;&nbsp;1345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91285 |
| Columbia Sportswear Co. | &nbsp;&nbsp;1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94988 |
| D.R. Horton, Inc. | &nbsp;&nbsp;5357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411846 |
| Deckers Outdoor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38492 |
| Garmin Ltd. | &nbsp;&nbsp;5446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479466 |
| Hanesbrands, Inc. | 12283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83770 |
| Hasbro, Inc. | &nbsp;&nbsp;4659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304000 |
| Leggett & Platt, Inc. | &nbsp;&nbsp;4724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159435 |
| Lennar Corp., Class A | &nbsp;&nbsp;8872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715970 |
| Lennar Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33523 |
| Mattel, Inc. \* | &nbsp;&nbsp;6453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122349 |
| Mohawk Industries, Inc. \* | &nbsp;&nbsp;1865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176709 |
| Newell Brands, Inc. | 13387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184874 |
| NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127132 |
| Peloton Interactive, Inc., Class A \* | 10647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89435 |
| Polaris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52730 |
| PulteGroup, Inc. | &nbsp;&nbsp;4974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198910 |
| PVH Corp. | &nbsp;&nbsp;2386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122450 |
| Ralph Lauren Corp. | &nbsp;&nbsp;1485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137645 |
| Skechers U.S.A., Inc., Class A \* | &nbsp;&nbsp;4034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138891 |
| Tapestry, Inc. | &nbsp;&nbsp;7722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244633 |
| Tempur Sealy International, Inc. | &nbsp;&nbsp;5970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160533 |
| Toll Brothers, Inc. | &nbsp;&nbsp;1830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78836 |
| TopBuild Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30285 |
| Under Armour, Inc., Class A \* | &nbsp;&nbsp;6833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50906 |
| Under Armour, Inc., Class C \* | &nbsp;&nbsp;7038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46169 |
| VF Corp. | 12328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348266 |
| Whirlpool Corp. | &nbsp;&nbsp;1890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261274 |
|  |  | &nbsp;&nbsp;&nbsp;**5354990** |
| &nbsp;&nbsp;**Consumer Services 2.0%** | &nbsp;&nbsp;**Consumer Services 2.0%** | &nbsp;&nbsp;**Consumer Services 2.0%** |
| ADT, Inc. | &nbsp;&nbsp;7418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62756 |
| Aramark | &nbsp;&nbsp;8213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299774 |
| Boyd Gaming Corp. | &nbsp;&nbsp;2777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160400 |
| Bright Horizons Family Solutions, Inc. \* | &nbsp;&nbsp;1454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94975 |
| Caesars Entertainment, Inc. \* | &nbsp;&nbsp;2283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99836 |
| Carnival Corp. \* | 33945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307542 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;1174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168046 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112962 |
| Grand Canyon Education, Inc. \* | &nbsp;&nbsp;1116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112303 |
| H&R Block, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40985 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;2653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358845 |
| Hyatt Hotels Corp., Class A \* | &nbsp;&nbsp;1752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165056 |
| Las Vegas Sands Corp. \* | &nbsp;&nbsp;7354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279526 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;1349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199328 |
| McDonald's Corp. | 19813 | &nbsp;&nbsp;&nbsp;&nbsp;5402213 |
| MGM Resorts International | 11583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412007 |
| Mister Car Wash, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6411 |
| Norwegian Cruise Line Holdings Ltd. \* | 13730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231900 |
| Penn Entertainment, Inc. \* | &nbsp;&nbsp;5550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183705 |
| Planet Fitness, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51467 |
| Royal Caribbean Cruises Ltd. \* | &nbsp;&nbsp;7773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414923 |
| Service Corp. International | &nbsp;&nbsp;5474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331779 |
| Six Flags Entertainment Corp. \* | &nbsp;&nbsp;1287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28700 |
| Starbucks Corp. | 25988 | &nbsp;&nbsp;&nbsp;&nbsp;2250301 |
| Travel & Leisure Co. | &nbsp;&nbsp;&nbsp;&nbsp;827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31409 |
| Vail Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17530 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71982 |
| Wynn Resorts Ltd. \* | &nbsp;&nbsp;3229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206333 |
| Yum! Brands, Inc. | &nbsp;&nbsp;8968 | &nbsp;&nbsp;&nbsp;&nbsp;1060466 |
|  |  | **13163460** |

---

<sub>122</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Diversified Financials 9.0%** | &nbsp;&nbsp;**Diversified Financials 9.0%** | &nbsp;&nbsp;**Diversified Financials 9.0%** |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;1334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165629 |
| AGNC Investment Corp. | 18552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152497 |
| Ally Financial, Inc. | 10931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301258 |
| American Express Co. | 19974 | &nbsp;&nbsp;&nbsp;&nbsp;2965140 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429059 |
| Annaly Capital Management, Inc. | 15267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283203 |
| Apollo Global Management, Inc. | &nbsp;&nbsp;3888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215240 |
| Berkshire Hathaway, Inc., Class B \* | 63891 | &nbsp;&nbsp;18853595 |
| BlackRock, Inc. | &nbsp;&nbsp;5313 | &nbsp;&nbsp;&nbsp;&nbsp;3431720 |
| Capital One Financial Corp. | 13474 | &nbsp;&nbsp;&nbsp;&nbsp;1428513 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;3741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465755 |
| CME Group, Inc. | 12700 | &nbsp;&nbsp;&nbsp;&nbsp;2200910 |
| Coinbase Global, Inc., Class A \* | &nbsp;&nbsp;5571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369079 |
| Credit Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99177 |
| Discover Financial Services | &nbsp;&nbsp;9650 | &nbsp;&nbsp;&nbsp;&nbsp;1008039 |
| Equitable Holdings, Inc. | 13260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406021 |
| Evercore, Inc., Class A | &nbsp;&nbsp;1288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135369 |
| Franklin Resources, Inc. | 10117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237244 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;3294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264014 |
| Intercontinental Exchange, Inc. | 19538 | &nbsp;&nbsp;&nbsp;&nbsp;1867247 |
| Invesco Ltd. | 13237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202791 |
| Janus Henderson Group plc | &nbsp;&nbsp;4844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110298 |
| Jefferies Financial Group, Inc. | &nbsp;&nbsp;7208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248027 |
| KKR & Co., Inc. | 20225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983542 |
| Lazard Ltd., Class A | &nbsp;&nbsp;3184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120069 |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86612 |
| Morgan Stanley | 44351 | &nbsp;&nbsp;&nbsp;&nbsp;3644322 |
| Morningstar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19735 |
| MSCI, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323982 |
| Nasdaq, Inc. | 12165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757150 |
| Northern Trust Corp. | &nbsp;&nbsp;7269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613140 |
| OneMain Holdings, Inc. | &nbsp;&nbsp;4115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158674 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;6334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748299 |
| Rithm Capital Corp. | 15150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127715 |
| Robinhood Markets, Inc., Class A \* | 19931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232794 |
| S&P Global, Inc. | 11801 | &nbsp;&nbsp;&nbsp;&nbsp;3791071 |
| SEI Investments Co. | &nbsp;&nbsp;3650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198195 |
| SLM Corp. | &nbsp;&nbsp;8890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147485 |
| SoFi Technologies, Inc. \* | 28292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153908 |
| Starwood Property Trust, Inc. | 10343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213686 |
| State Street Corp. | 12978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960372 |
| Stifel Financial Corp. | &nbsp;&nbsp;3663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226630 |
| Synchrony Financial | 16965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603275 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;7914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840150 |
| The Bank of New York Mellon Corp. | 25996 | &nbsp;&nbsp;&nbsp;&nbsp;1094692 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;7342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207632 |
| The Charles Schwab Corp. *(b)* | 23820 | &nbsp;&nbsp;&nbsp;&nbsp;1897739 |
| The Goldman Sachs Group, Inc. | 11782 | &nbsp;&nbsp;&nbsp;&nbsp;4059017 |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;1393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76726 |
| Upstart Holdings, Inc. \* | &nbsp;&nbsp;2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46592 |
| Virtu Financial, Inc., Class A | &nbsp;&nbsp;3404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76182 |
| Voya Financial, Inc. | &nbsp;&nbsp;3430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234475 |
|  |  | **58483686** |
| &nbsp;&nbsp;**Energy 8.8%** | &nbsp;&nbsp;**Energy 8.8%** | &nbsp;&nbsp;**Energy 8.8%** |
| Antero Midstream Corp. | 11905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126788 |
| Antero Resources Corp. \* | &nbsp;&nbsp;3587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131499 |
| APA Corp. | 11496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522608 |
| Baker Hughes Co. | 33657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930953 |
| Cheniere Energy, Inc. | &nbsp;&nbsp;3741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659950 |
| Chesapeake Energy Corp. | &nbsp;&nbsp;4275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437204 |
| Chevron Corp. | 69596 | &nbsp;&nbsp;12589916 |
| ConocoPhillips | 45095 | &nbsp;&nbsp;&nbsp;&nbsp;5686029 |
| Continental Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23892 |
| Coterra Energy, Inc. | 23229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723119 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Devon Energy Corp. | &nbsp;&nbsp;11892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919846 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411785 |
| DTE Midstream LLC \* | &nbsp;&nbsp;&nbsp;&nbsp;3435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205070 |
| EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760143 |
| EQT Corp. | &nbsp;&nbsp;13021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544799 |
| Exxon Mobil Corp. | 147692 | &nbsp;&nbsp;16365751 |
| Halliburton Co. | &nbsp;&nbsp;17380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632980 |
| Hess Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305720 |
| HF Sinclair Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316065 |
| Kinder Morgan, Inc. | &nbsp;&nbsp;70326 | &nbsp;&nbsp;&nbsp;&nbsp;1274307 |
| Marathon Oil Corp. | &nbsp;&nbsp;23882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727207 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;17627 | &nbsp;&nbsp;&nbsp;&nbsp;2002780 |
| NOV, Inc. | &nbsp;&nbsp;13877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310845 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366848 |
| ONEOK, Inc. | &nbsp;&nbsp;13943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827099 |
| Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131437 |
| PDC Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111961 |
| Phillips 66 | &nbsp;&nbsp;17028 | &nbsp;&nbsp;&nbsp;&nbsp;1775850 |
| Pioneer Natural Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;3785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970512 |
| Range Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86949 |
| Schlumberger N.V. | &nbsp;&nbsp;50012 | &nbsp;&nbsp;&nbsp;&nbsp;2602124 |
| Southwestern Energy Co. \* | &nbsp;&nbsp;36661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254061 |
| The Williams Cos., Inc. | &nbsp;&nbsp;43096 | &nbsp;&nbsp;&nbsp;&nbsp;1410532 |
| Valero Energy Corp. | &nbsp;&nbsp;13915 | &nbsp;&nbsp;&nbsp;&nbsp;1747028 |
|  |  | **56893657** |
| &nbsp;&nbsp;**Food & Staples Retailing 1.6%** | &nbsp;&nbsp;**Food & Staples Retailing 1.6%** | &nbsp;&nbsp;**Food & Staples Retailing 1.6%** |
| Albertsons Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122629 |
| BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135373 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305548 |
| Grocery Outlet Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99804 |
| Performance Food Group Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;3726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193901 |
| The Kroger Co. | &nbsp;&nbsp;23194 | &nbsp;&nbsp;&nbsp;&nbsp;1096844 |
| U.S. Foods Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;7154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212903 |
| Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;25378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926297 |
| Walmart, Inc. | &nbsp;&nbsp;51050 | &nbsp;&nbsp;&nbsp;&nbsp;7265946 |
|  |  | **10359245** |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 4.3%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 4.3%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 4.3%** |
| Altria Group, Inc. | &nbsp;&nbsp;64130 | &nbsp;&nbsp;&nbsp;&nbsp;2967295 |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp;19824 | &nbsp;&nbsp;&nbsp;&nbsp;1922531 |
| Brown-Forman Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46351 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;2673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181764 |
| Bunge Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;4949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488466 |
| Campbell Soup Co. | &nbsp;&nbsp;&nbsp;&nbsp;6836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361693 |
| Conagra Brands, Inc. | &nbsp;&nbsp;16640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610688 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5361 | &nbsp;&nbsp;&nbsp;&nbsp;1324596 |
| Darling Ingredients, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412648 |
| Flowers Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191122 |
| Freshpet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41324 |
| General Mills, Inc. | &nbsp;&nbsp;21097 | &nbsp;&nbsp;&nbsp;&nbsp;1721093 |
| Hormel Foods Corp. | &nbsp;&nbsp;10126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470353 |
| Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206937 |
| Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp;4047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310891 |
| Keurig Dr Pepper, Inc. | &nbsp;&nbsp;30344 | &nbsp;&nbsp;&nbsp;&nbsp;1178561 |
| McCormick & Co., Inc. - Non Voting Shares | &nbsp;&nbsp;&nbsp;&nbsp;8867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697301 |
| Molson Coors Beverage Co., Class B | &nbsp;&nbsp;&nbsp;&nbsp;6170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311153 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;48941 | &nbsp;&nbsp;&nbsp;&nbsp;3008893 |
| Monster Beverage Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92220 |
| PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7593 | &nbsp;&nbsp;&nbsp;&nbsp;1378737 |
| Philip Morris International, Inc. | &nbsp;&nbsp;54876 | &nbsp;&nbsp;&nbsp;&nbsp;5040361 |
| Pilgrim's Pride Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18855 |
| Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173968 |
| Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33717 |
| The Boston Beer Co., Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5973 |
| The Coca-Cola Co. | &nbsp;&nbsp;34584 | &nbsp;&nbsp;&nbsp;&nbsp;2069852 |

---

<sub>123</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| The Hershey Co. | &nbsp;&nbsp;&nbsp;&nbsp;690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164751 |
| The JM Smucker Co. | &nbsp;&nbsp;3642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548704 |
| The Kraft Heinz Co. | 24736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951594 |
| Tyson Foods, Inc., Class A | 10075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688626 |
|  |  | **27621018** |
| &nbsp;&nbsp;**Health Care Equipment & Services 6.6%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.6%** | &nbsp;&nbsp;**Health Care Equipment & Services 6.6%** |
| Abbott Laboratories | 52708 | &nbsp;&nbsp;&nbsp;&nbsp;5214929 |
| Acadia Healthcare Co., Inc. \* | &nbsp;&nbsp;3156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256583 |
| agilon health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9171 |
| Align Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135621 |
| Amedisys, Inc. \* | &nbsp;&nbsp;1139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111155 |
| Baxter International, Inc. | 15026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816663 |
| Becton, Dickinson & Co. | 10054 | &nbsp;&nbsp;&nbsp;&nbsp;2372442 |
| Boston Scientific Corp. \* | 50523 | &nbsp;&nbsp;&nbsp;&nbsp;2178046 |
| Cardinal Health, Inc. | &nbsp;&nbsp;9632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731069 |
| Centene Corp. \* | 20114 | &nbsp;&nbsp;&nbsp;&nbsp;1712305 |
| Certara, Inc. \* | &nbsp;&nbsp;1448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17709 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155468 |
| Cigna Corp. | &nbsp;&nbsp;8913 | &nbsp;&nbsp;&nbsp;&nbsp;2879434 |
| CVS Health Corp. | 46420 | &nbsp;&nbsp;&nbsp;&nbsp;4395974 |
| Definitive Healthcare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9799 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;7598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234170 |
| Doximity, Inc., Class A \* | &nbsp;&nbsp;2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54211 |
| Elevance Health, Inc. | &nbsp;&nbsp;5941 | &nbsp;&nbsp;&nbsp;&nbsp;3248361 |
| Encompass Health Corp. | &nbsp;&nbsp;3480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189451 |
| Enhabit, Inc. \* | &nbsp;&nbsp;1732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21511 |
| Enovis Corp. \* | &nbsp;&nbsp;1779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87972 |
| Envista Holdings Corp. \* | &nbsp;&nbsp;5770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190468 |
| Globus Medical, Inc., Class A \* | &nbsp;&nbsp;2534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169778 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;7281 | &nbsp;&nbsp;&nbsp;&nbsp;1583399 |
| Henry Schein, Inc. \* | &nbsp;&nbsp;4768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326417 |
| Hologic, Inc. \* | &nbsp;&nbsp;8696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589589 |
| Humana, Inc. | &nbsp;&nbsp;1315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733875 |
| ICU Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85633 |
| Integra LifeSciences Holdings Corp. \* | &nbsp;&nbsp;2576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129444 |
| Intuitive Surgical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245977 |
| Laboratory Corp. of America Holdings | &nbsp;&nbsp;3195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708843 |
| Masimo Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51719 |
| McKesson Corp. | &nbsp;&nbsp;4130 | &nbsp;&nbsp;&nbsp;&nbsp;1608098 |
| Medtronic plc | 47330 | &nbsp;&nbsp;&nbsp;&nbsp;4133802 |
| Molina Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162922 |
| Oak Street Health, Inc. \* | &nbsp;&nbsp;4148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83914 |
| Premier, Inc., Class A | &nbsp;&nbsp;4153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144857 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;4135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593993 |
| QuidelOrtho Corp. \* | &nbsp;&nbsp;1747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156916 |
| Signify Health, Inc., Class A \* | &nbsp;&nbsp;2353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68778 |
| STERIS plc | &nbsp;&nbsp;3527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608690 |
| Stryker Corp. | &nbsp;&nbsp;5784 | &nbsp;&nbsp;&nbsp;&nbsp;1325924 |
| Tandem Diabetes Care, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8422 |
| Teladoc Health, Inc. \* | &nbsp;&nbsp;5167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153150 |
| Teleflex, Inc. | &nbsp;&nbsp;1664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357028 |
| Tenet Healthcare Corp. \* | &nbsp;&nbsp;3769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167193 |
| The Cooper Cos., Inc. | &nbsp;&nbsp;1716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469137 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;2981 | &nbsp;&nbsp;&nbsp;&nbsp;1654902 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;2253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261055 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;7422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841284 |
|  |  | **42447251** |
| &nbsp;&nbsp;**Household & Personal Products 1.3%** | &nbsp;&nbsp;**Household & Personal Products 1.3%** | &nbsp;&nbsp;**Household & Personal Products 1.3%** |
| Church & Dwight Co., Inc. | &nbsp;&nbsp;4708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349004 |
| Colgate-Palmolive Co. | 11286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833358 |
| Coty, Inc., Class A \* | 12340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82802 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;4841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602511 |
| Reynolds Consumer Products, Inc. | &nbsp;&nbsp;1942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59309 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64042 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| The Clorox Co. | &nbsp;&nbsp;&nbsp;&nbsp;752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109822 |
| The Procter & Gamble Co. | 48578 | &nbsp;&nbsp;&nbsp;&nbsp;6541999 |
|  |  | &nbsp;&nbsp;&nbsp;**8642847** |
| &nbsp;&nbsp;**Insurance 3.6%** | &nbsp;&nbsp;**Insurance 3.6%** | &nbsp;&nbsp;**Insurance 3.6%** |
| Aflac, Inc. | 22184 | &nbsp;&nbsp;&nbsp;&nbsp;1444400 |
| American Financial Group, Inc. | &nbsp;&nbsp;2385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346087 |
| American International Group, Inc. | 26930 | &nbsp;&nbsp;&nbsp;&nbsp;1535010 |
| Aon plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121604 |
| Arch Capital Group Ltd. \* | &nbsp;&nbsp;8440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485300 |
| Arthur J. Gallagher & Co. | &nbsp;&nbsp;6519 | &nbsp;&nbsp;&nbsp;&nbsp;1219575 |
| Assurant, Inc. | &nbsp;&nbsp;1772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240744 |
| Assured Guaranty Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124299 |
| Axis Capital Holdings Ltd. | &nbsp;&nbsp;2761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150944 |
| Brighthouse Financial, Inc. \* | &nbsp;&nbsp;2504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142903 |
| Brown & Brown, Inc. | &nbsp;&nbsp;7717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453682 |
| Chubb Ltd. | 14719 | &nbsp;&nbsp;&nbsp;&nbsp;3162966 |
| Cincinnati Financial Corp. | &nbsp;&nbsp;5525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570843 |
| CNA Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39532 |
| Erie Indemnity Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58341 |
| Everest Re Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307495 |
| Fidelity National Financial, Inc. | &nbsp;&nbsp;9301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366273 |
| First American Financial Corp. | &nbsp;&nbsp;3584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180634 |
| Globe Life, Inc. | &nbsp;&nbsp;3154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364350 |
| Kemper Corp. | &nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108068 |
| Lincoln National Corp. | &nbsp;&nbsp;4769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256906 |
| Loews Corp. | &nbsp;&nbsp;7065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402846 |
| Markel Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440227 |
| Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;1905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307639 |
| MetLife, Inc. | 23776 | &nbsp;&nbsp;&nbsp;&nbsp;1740641 |
| Old Republic International Corp. | 10020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232564 |
| Primerica, Inc. | &nbsp;&nbsp;1309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189412 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;8724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768846 |
| Prudential Financial, Inc. | 13275 | &nbsp;&nbsp;&nbsp;&nbsp;1396397 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;2369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348646 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107503 |
| The Allstate Corp. | &nbsp;&nbsp;9529 | &nbsp;&nbsp;&nbsp;&nbsp;1203036 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;1244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182234 |
| The Hartford Financial Services Group, Inc. | 11405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825836 |
| The Progressive Corp. | &nbsp;&nbsp;2695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346038 |
| The Travelers Cos., Inc. | &nbsp;&nbsp;8385 | &nbsp;&nbsp;&nbsp;&nbsp;1546697 |
| Unum Group | &nbsp;&nbsp;7099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323643 |
| W.R. Berkley Corp. | &nbsp;&nbsp;7275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541115 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141615 |
| Willis Towers Watson plc | &nbsp;&nbsp;3868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844036 |
|  |  | **23568927** |
| &nbsp;&nbsp;**Materials 4.1%** | &nbsp;&nbsp;**Materials 4.1%** | &nbsp;&nbsp;**Materials 4.1%** |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;7841 | &nbsp;&nbsp;&nbsp;&nbsp;1963386 |
| Albemarle Corp. | &nbsp;&nbsp;2006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561419 |
| Alcoa Corp. | &nbsp;&nbsp;6374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248777 |
| Amcor plc | 53037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614168 |
| AptarGroup, Inc. | &nbsp;&nbsp;2321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230127 |
| Ardagh Metal Packaging S.A. | &nbsp;&nbsp;3498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15531 |
| Ashland, Inc. | &nbsp;&nbsp;1781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186863 |
| Avery Dennison Corp. | &nbsp;&nbsp;1104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187183 |
| Axalta Coating Systems Ltd. \* | &nbsp;&nbsp;5919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138031 |
| Ball Corp. | &nbsp;&nbsp;6585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325233 |
| Berry Global Group, Inc. \* | &nbsp;&nbsp;2284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108079 |
| Celanese Corp. | &nbsp;&nbsp;3840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369101 |
| Cleveland-Cliffs, Inc. \* | 18116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235327 |
| Corteva, Inc. | 25645 | &nbsp;&nbsp;&nbsp;&nbsp;1675644 |
| Crown Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33335 |
| Dow, Inc. | 25438 | &nbsp;&nbsp;&nbsp;&nbsp;1188972 |
| DuPont de Nemours, Inc. | 17746 | &nbsp;&nbsp;&nbsp;&nbsp;1015071 |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26786 |

---

<sub>124</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Eastman Chemical Co. | &nbsp;&nbsp;&nbsp;&nbsp;4339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333279 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162096 |
| Element Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138047 |
| FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349447 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;50449 | &nbsp;&nbsp;&nbsp;&nbsp;1598729 |
| Ginkgo Bioworks Holdings, Inc. \* | &nbsp;&nbsp;25274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68998 |
| Graphic Packaging Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp;2501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57423 |
| Huntsman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179881 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879954 |
| International Paper Co. | &nbsp;&nbsp;12762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428931 |
| Linde plc | &nbsp;&nbsp;14057 | &nbsp;&nbsp;&nbsp;&nbsp;4179849 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133184 |
| LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;&nbsp;&nbsp;9092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695083 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673976 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63303 |
| Newmont Corp. | &nbsp;&nbsp;28118 | &nbsp;&nbsp;&nbsp;&nbsp;1189954 |
| Nucor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9258 | &nbsp;&nbsp;&nbsp;&nbsp;1216316 |
| Olin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251036 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;3261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392005 |
| PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445645 |
| Reliance Steel & Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;2126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428346 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206253 |
| RPM International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404098 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139996 |
| Sonoco Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;3449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214114 |
| Southern Copper Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49084 |
| SSR Mining, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103693 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575586 |
| The Chemours Co. | &nbsp;&nbsp;&nbsp;&nbsp;2163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61927 |
| The Mosaic Co. | &nbsp;&nbsp;10691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574641 |
| The Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43064 |
| United States Steel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168581 |
| Vulcan Materials Co. | &nbsp;&nbsp;&nbsp;&nbsp;2405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393699 |
| Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113370 |
| WestRock Co. | &nbsp;&nbsp;&nbsp;&nbsp;8986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306063 |
|  |  | **26342684** |
| &nbsp;&nbsp;**Media & Entertainment 5.1%** | &nbsp;&nbsp;**Media & Entertainment 5.1%** | &nbsp;&nbsp;**Media & Entertainment 5.1%** |
| Activision Blizzard, Inc. | &nbsp;&nbsp;27500 | &nbsp;&nbsp;&nbsp;&nbsp;2002000 |
| Alphabet, Inc., Class A \* | &nbsp;&nbsp;27697 | &nbsp;&nbsp;&nbsp;&nbsp;2617644 |
| Alphabet, Inc., Class C \* | &nbsp;&nbsp;24859 | &nbsp;&nbsp;&nbsp;&nbsp;2353153 |
| Altice USA, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49086 |
| AMC Entertainment Holdings, Inc., Class A *\*(a)* | &nbsp;&nbsp;18384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122437 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68754 |
| Comcast Corp., Class A | 155072 | &nbsp;&nbsp;&nbsp;&nbsp;4921985 |
| DISH Network Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131193 |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9194 | &nbsp;&nbsp;&nbsp;&nbsp;1158076 |
| Fox Corp., Class A | &nbsp;&nbsp;10669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308014 |
| Fox Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;5059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137605 |
| IAC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133870 |
| Liberty Broadband Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29521 |
| Liberty Broadband Corp., Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;2344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197904 |
| Liberty Media Corp. - Liberty Formula One, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34697 |
| Liberty Media Corp. - Liberty Formula One, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;6314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364507 |
| Liberty Media Corp. - Liberty SiriusXM, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81782 |
| Liberty Media Corp. - Liberty SiriusXM, Class C \* | &nbsp;&nbsp;&nbsp;&nbsp;3951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166693 |
| Live Nation Entertainment, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217415 |
| Madison Square Garden Sports Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52934 |
| Match Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26438 |
| Meta Platforms, Inc., Class A \* | &nbsp;&nbsp;63900 | &nbsp;&nbsp;&nbsp;&nbsp;5952924 |
| Netflix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8510 | &nbsp;&nbsp;&nbsp;&nbsp;2483899 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| News Corp., Class A | &nbsp;&nbsp;13710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231288 |
| News Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;4252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72837 |
| Nexstar Media Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205731 |
| Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522927 |
| Paramount Global, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7378 |
| Paramount Global, Class B | &nbsp;&nbsp;20453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374699 |
| Pinterest, Inc., Class A \* | &nbsp;&nbsp;16296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400882 |
| Playtika Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2788 |
| Roku, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169619 |
| Sirius XM Holdings, Inc. *(a)* | &nbsp;&nbsp;24821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149919 |
| Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118362 |
| The Interpublic Group of Cos., Inc. | &nbsp;&nbsp;13876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413366 |
| The New York Times Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168489 |
| The Walt Disney Co. \* | &nbsp;&nbsp;60195 | &nbsp;&nbsp;&nbsp;&nbsp;6413175 |
| TripAdvisor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77615 |
| Warner Bros Discovery, Inc. \* | &nbsp;&nbsp;22259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289367 |
|  |  | **33230973** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 10.3%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 10.3%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 10.3%** |
| 10X Genomics, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8535 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150525 |
| Amgen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;817809 |
| Avantor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30013 |
| Azenta, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115884 |
| Biogen, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5156 | &nbsp;&nbsp;&nbsp;&nbsp;1461417 |
| BioMarin Pharmaceutical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564828 |
| Bio-Rad Laboratories, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266596 |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;75418 | &nbsp;&nbsp;&nbsp;&nbsp;5842632 |
| Catalent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270939 |
| Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24621 |
| Danaher Corp. | &nbsp;&nbsp;21364 | &nbsp;&nbsp;&nbsp;&nbsp;5376678 |
| Elanco Animal Health, Inc. \* | &nbsp;&nbsp;15771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208019 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;5549 | &nbsp;&nbsp;&nbsp;&nbsp;2009237 |
| Exact Sciences Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175152 |
| Exelixis, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24771 |
| Gilead Sciences, Inc. | &nbsp;&nbsp;44449 | &nbsp;&nbsp;&nbsp;&nbsp;3487469 |
| Horizon Therapeutics plc \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33902 |
| Illumina, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5560 | &nbsp;&nbsp;&nbsp;&nbsp;1272239 |
| Incyte Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64973 |
| Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18343 |
| Jazz Pharmaceuticals plc \* | &nbsp;&nbsp;&nbsp;&nbsp;2160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310586 |
| Johnson & Johnson | &nbsp;&nbsp;93201 | &nbsp;&nbsp;16214178 |
| Merck & Co., Inc. | &nbsp;&nbsp;52049 | &nbsp;&nbsp;&nbsp;&nbsp;5267359 |
| Mirati Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103269 |
| Moderna, Inc. \* | &nbsp;&nbsp;11245 | &nbsp;&nbsp;&nbsp;&nbsp;1690461 |
| Natera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10848 |
| Organon & Co. | &nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235620 |
| PerkinElmer, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595366 |
| Perrigo Co., plc | &nbsp;&nbsp;&nbsp;&nbsp;4727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190404 |
| Pfizer, Inc. | 200152 | &nbsp;&nbsp;&nbsp;&nbsp;9317076 |
| QIAGEN N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;8043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350353 |
| Regeneron Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3134 | &nbsp;&nbsp;&nbsp;&nbsp;2346582 |
| Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103289 |
| Royalty Pharma plc, Class A | &nbsp;&nbsp;12970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548890 |
| Syneos Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151442 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;12165 | &nbsp;&nbsp;&nbsp;&nbsp;6252445 |
| Ultragenyx Pharmaceutical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21282 |
| United Therapeutics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364468 |
| Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159120 |
| Viatris, Inc. | &nbsp;&nbsp;42768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433240 |
|  |  | **66890860** |
| &nbsp;&nbsp;**Real Estate 4.5%** | &nbsp;&nbsp;**Real Estate 4.5%** | &nbsp;&nbsp;**Real Estate 4.5%** |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832278 |
| American Homes 4 Rent, Class A | &nbsp;&nbsp;10754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343483 |

---

<sub>125</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| American Tower Corp. | &nbsp;&nbsp;3828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793123 |
| Americold Realty Trust, Inc. | &nbsp;&nbsp;9514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230715 |
| Apartment Income REIT Corp. | &nbsp;&nbsp;5014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192688 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;4941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865268 |
| Boston Properties, Inc. | &nbsp;&nbsp;5531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402104 |
| Brixmor Property Group, Inc. | 10506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223883 |
| Camden Property Trust | &nbsp;&nbsp;3351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387208 |
| CBRE Group, Inc., Class A \* | &nbsp;&nbsp;5789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410672 |
| Cousins Properties, Inc. | &nbsp;&nbsp;5372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127639 |
| CubeSmart | &nbsp;&nbsp;7925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331820 |
| Digital Realty Trust, Inc. | 10045 | &nbsp;&nbsp;&nbsp;&nbsp;1007011 |
| Douglas Emmett, Inc. | &nbsp;&nbsp;6019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105874 |
| EastGroup Properties, Inc. | &nbsp;&nbsp;1458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228454 |
| EPR Properties | &nbsp;&nbsp;2619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101093 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449187 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;2414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154399 |
| Equity Residential | 13102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825688 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;2297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510485 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;4129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732650 |
| Federal Realty Investment Trust | &nbsp;&nbsp;2845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281598 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;4670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222432 |
| Gaming & Leisure Properties, Inc. | &nbsp;&nbsp;8616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431834 |
| Healthcare Realty Trust, Inc. | 13447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273378 |
| Healthpeak Properties, Inc. | 19041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451843 |
| Highwoods Properties, Inc. | &nbsp;&nbsp;3661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103350 |
| Host Hotels & Resorts, Inc. | 24999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471981 |
| Hudson Pacific Properties, Inc. | &nbsp;&nbsp;4825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53268 |
| Invitation Homes, Inc. | 21575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683712 |
| Iron Mountain, Inc. | &nbsp;&nbsp;2573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128830 |
| JBG SMITH Properties | &nbsp;&nbsp;3769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74174 |
| Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;1692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269180 |
| Kilroy Realty Corp. | &nbsp;&nbsp;4130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176516 |
| Kimco Realty Corp. | 21318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455779 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34678 |
| Life Storage, Inc. | &nbsp;&nbsp;2983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329950 |
| Medical Properties Trust, Inc. | 21053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241057 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;4060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639247 |
| National Retail Properties, Inc. | &nbsp;&nbsp;6217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261301 |
| National Storage Affiliates Trust | &nbsp;&nbsp;3008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128321 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;8332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264791 |
| Opendoor Technologies, Inc. \* | 11889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30793 |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp;7871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102953 |
| Prologis, Inc. | 32595 | &nbsp;&nbsp;&nbsp;&nbsp;3609896 |
| Public Storage | &nbsp;&nbsp;1143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354044 |
| Rayonier, Inc. | &nbsp;&nbsp;5125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172713 |
| Realty Income Corp. | 21866 | &nbsp;&nbsp;&nbsp;&nbsp;1361596 |
| Regency Centers Corp. | &nbsp;&nbsp;6075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367598 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;6072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335660 |
| SBA Communications Corp. | &nbsp;&nbsp;2912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785949 |
| Simon Property Group, Inc. | &nbsp;&nbsp;5941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647450 |
| SL Green Realty Corp. | &nbsp;&nbsp;2254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89439 |
| Spirit Realty Capital, Inc. | &nbsp;&nbsp;4781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185646 |
| STORE Capital Corp. | &nbsp;&nbsp;9009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286486 |
| Sun Communities, Inc. | &nbsp;&nbsp;4299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579720 |
| The Howard Hughes Corp. \* | &nbsp;&nbsp;1292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79264 |
| UDR, Inc. | 11435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454656 |
| Ventas, Inc. | 14111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552163 |
| VICI Properties, Inc. | 34035 | &nbsp;&nbsp;&nbsp;&nbsp;1089801 |
| Vornado Realty Trust | &nbsp;&nbsp;6252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147485 |
| Welltower, Inc. | 16411 | &nbsp;&nbsp;&nbsp;&nbsp;1001727 |
| WeWork, Inc., Class A *\*(a)* | &nbsp;&nbsp;4682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12033 |
| Weyerhaeuser Co. | 26340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814696 |
| WP Carey, Inc. | &nbsp;&nbsp;6755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515406 |
| Zillow Group, Inc., Class A \* | &nbsp;&nbsp;1897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58674 |
| Zillow Group, Inc., Class C \* | &nbsp;&nbsp;5345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164947 |
|  |  | **29033737** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Retailing 2.2%** | &nbsp;&nbsp;**Retailing 2.2%** | &nbsp;&nbsp;**Retailing 2.2%** |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376801 |
| AutoNation, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143837 |
| AutoZone, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159571 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270845 |
| Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335141 |
| Burlington Stores, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20586 |
| CarMax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316877 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219443 |
| Dollar Tree, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822140 |
| DoorDash, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44314 |
| eBay, Inc. | &nbsp;&nbsp;16900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673296 |
| GameStop Corp., Class A *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;9520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269511 |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;4515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803038 |
| Kohl's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136243 |
| Leslie's, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8073 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190422 |
| LKQ Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504599 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604540 |
| Macy's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198367 |
| Nordstrom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11370 |
| Ollie's Bargain Outlet Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116872 |
| O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1314 | &nbsp;&nbsp;&nbsp;&nbsp;1100041 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106597 |
| Petco Health & Wellness Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29558 |
| RH \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110460 |
| Ross Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672605 |
| Target Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7363 | &nbsp;&nbsp;&nbsp;&nbsp;1209373 |
| The Gap, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79454 |
| The Home Depot, Inc. | &nbsp;&nbsp;15369 | &nbsp;&nbsp;&nbsp;&nbsp;4551222 |
| Victoria's Secret & Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31358 |
| Wayfair, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38223 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61915 |
|  |  | **14216692** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** |
| Advanced Micro Devices, Inc. \* | &nbsp;&nbsp;12118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727807 |
| Analog Devices, Inc. | &nbsp;&nbsp;14771 | &nbsp;&nbsp;&nbsp;&nbsp;2106640 |
| Cirrus Logic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132763 |
| First Solar, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546179 |
| GLOBALFOUNDRIES, Inc. *\*(a)* | &nbsp;&nbsp;&nbsp;&nbsp;1695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96106 |
| Intel Corp. | 144928 | &nbsp;&nbsp;&nbsp;&nbsp;4120303 |
| Marvell Technology, Inc. | &nbsp;&nbsp;30009 | &nbsp;&nbsp;&nbsp;&nbsp;1190757 |
| Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172502 |
| Micron Technology, Inc. | &nbsp;&nbsp;31641 | &nbsp;&nbsp;&nbsp;&nbsp;1711778 |
| MKS Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167340 |
| ON Semiconductor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353652 |
| Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314192 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488709 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41570 |
| Texas Instruments, Inc. | &nbsp;&nbsp;10290 | &nbsp;&nbsp;&nbsp;&nbsp;1652883 |
| Wolfspeed, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321300 |
|  |  | **14144481** |
| &nbsp;&nbsp;**Software & Services 4.1%** | &nbsp;&nbsp;**Software & Services 4.1%** | &nbsp;&nbsp;**Software & Services 4.1%** |
| Affirm Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125618 |
| Akamai Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488642 |
| Amdocs Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;4260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367681 |
| ANSYS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322672 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293907 |
| Bill.com Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459425 |
| Black Knight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300536 |
| Block, Inc. \* | &nbsp;&nbsp;18680 | &nbsp;&nbsp;&nbsp;&nbsp;1122108 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57173 |
| CCC Intelligent Solutions Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33831 |

---

<sub>126</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260127 |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;18414 | &nbsp;&nbsp;&nbsp;&nbsp;1146272 |
| Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186645 |
| Coupa Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62811 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144909 |
| DoubleVerify Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7980 |
| Dropbox, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13746 |
| DXC Technology Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;8156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234485 |
| Euronet Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34948 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;21598 | &nbsp;&nbsp;&nbsp;&nbsp;1792418 |
| Fiserv, Inc. \* | &nbsp;&nbsp;18947 | &nbsp;&nbsp;&nbsp;&nbsp;1946615 |
| Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145112 |
| Global Payments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9729 | &nbsp;&nbsp;&nbsp;&nbsp;1111636 |
| GoDaddy, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384553 |
| Guidewire Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176685 |
| Informatica, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20967 |
| International Business Machines Corp. | &nbsp;&nbsp;10581 | &nbsp;&nbsp;&nbsp;&nbsp;1463246 |
| Jamf Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8521 |
| Kyndryl Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68899 |
| Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103785 |
| nCino, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61669 |
| NCR Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89675 |
| NortonLifeLock, Inc. | &nbsp;&nbsp;13006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293025 |
| Nutanix, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;3642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99791 |
| Okta, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256468 |
| Oracle Corp. | &nbsp;&nbsp;16761 | &nbsp;&nbsp;&nbsp;&nbsp;1308531 |
| Paycor HCM, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51799 |
| PayPal Holdings, Inc. \* | &nbsp;&nbsp;28364 | &nbsp;&nbsp;&nbsp;&nbsp;2370663 |
| Procore Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37442 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3735 | &nbsp;&nbsp;&nbsp;&nbsp;1548307 |
| Salesforce, Inc. \* | &nbsp;&nbsp;26781 | &nbsp;&nbsp;&nbsp;&nbsp;4354323 |
| SentinelOne, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44241 |
| Snowflake, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111889 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404881 |
| Switch, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72390 |
| Teradata Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51902 |
| The Western Union Co. | &nbsp;&nbsp;&nbsp;&nbsp;9036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122076 |
| Twilio, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;3784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281416 |
| Tyler Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60463 |
| UiPath, Inc., Class A \* | &nbsp;&nbsp;12059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152546 |
| Unity Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70505 |
| VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594163 |
| VMware, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427727 |
| WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69760 |
| Wix.com Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35743 |
| Zoom Video Communications, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370724 |
|  |  | **26228072** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 2.4%** | &nbsp;&nbsp;**Technology Hardware & Equipment 2.4%** | &nbsp;&nbsp;**Technology Hardware & Equipment 2.4%** |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385671 |
| Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218013 |
| Avnet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134395 |
| Ciena Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252912 |
| Cisco Systems, Inc. | 147234 | &nbsp;&nbsp;&nbsp;&nbsp;6688841 |
| Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20434 |
| Coherent Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128491 |
| Corning, Inc. | &nbsp;&nbsp;25130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808432 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;7781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298790 |
| F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301826 |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp;45925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655350 |
| HP, Inc. | &nbsp;&nbsp;19788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546544 |
| IPG Photonics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;1183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101336 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55897 |
| Juniper Networks, Inc. | &nbsp;&nbsp;11333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346790 |
| Keysight Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82721 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188314 |
| Lumentum Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181435 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5825 | &nbsp;&nbsp;&nbsp;&nbsp;1454561 |
| National Instruments Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153789 |
| TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138088 |
| Teledyne Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651493 |
| Trimble, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530551 |
| Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50972 |
| ViaSat, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103956 |
| Vontier Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39843 |
| Western Digital Corp. \* | &nbsp;&nbsp;11064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380270 |
| Zebra Technologies Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305878 |
|  |  | **15205593** |
| &nbsp;&nbsp;**Telecommunication Services 2.1%** | &nbsp;&nbsp;**Telecommunication Services 2.1%** | &nbsp;&nbsp;**Telecommunication Services 2.1%** |
| AT&T, Inc. | 253535 | &nbsp;&nbsp;&nbsp;&nbsp;4621943 |
| Frontier Communications Parent, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203379 |
| Lumen Technologies, Inc. | &nbsp;&nbsp;36431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268132 |
| T-Mobile US, Inc. \* | &nbsp;&nbsp;21097 | &nbsp;&nbsp;&nbsp;&nbsp;3197461 |
| Verizon Communications, Inc. | 148823 | &nbsp;&nbsp;&nbsp;&nbsp;5561516 |
|  |  | **13852431** |
| &nbsp;&nbsp;**Transportation 1.5%** | &nbsp;&nbsp;**Transportation 1.5%** | &nbsp;&nbsp;**Transportation 1.5%** |
| Alaska Air Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193534 |
| AMERCO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182335 |
| American Airlines Group, Inc. \* | &nbsp;&nbsp;22895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324651 |
| Avis Budget Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247810 |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309382 |
| Copa Holdings S.A., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76208 |
| CSX Corp. | &nbsp;&nbsp;56655 | &nbsp;&nbsp;&nbsp;&nbsp;1646394 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391009 |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8497 | &nbsp;&nbsp;&nbsp;&nbsp;1361899 |
| GXO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121605 |
| Hertz Global Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133142 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55769 |
| JetBlue Airways Corp. \* | &nbsp;&nbsp;11421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91825 |
| Kirby Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147800 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265414 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22183 |
| Lyft, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31520 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8298 | &nbsp;&nbsp;&nbsp;&nbsp;1892525 |
| Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141295 |
| Schneider National, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;1920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42701 |
| Southwest Airlines Co. \* | &nbsp;&nbsp;20942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761242 |
| Uber Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238758 |
| United Airlines Holdings, Inc. \* | &nbsp;&nbsp;11518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496196 |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;2807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470930 |
| XPO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172398 |
|  |  | &nbsp;&nbsp;&nbsp;**9818525** |
| &nbsp;&nbsp;**Utilities 5.5%** | &nbsp;&nbsp;**Utilities 5.5%** | &nbsp;&nbsp;**Utilities 5.5%** |
| Alliant Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461704 |
| Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742321 |
| American Electric Power Co., Inc. | &nbsp;&nbsp;18203 | &nbsp;&nbsp;&nbsp;&nbsp;1600408 |
| American Water Works Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934972 |
| Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519538 |
| Avangrid, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101863 |
| Brookfield Renewable Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140690 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;22284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637545 |
| CMS Energy Corp. | &nbsp;&nbsp;10231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583679 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;12566 | &nbsp;&nbsp;&nbsp;&nbsp;1105305 |
| Constellation Energy Corp. | &nbsp;&nbsp;11553 | &nbsp;&nbsp;&nbsp;&nbsp;1092221 |
| Dominion Energy, Inc. | &nbsp;&nbsp;29472 | &nbsp;&nbsp;&nbsp;&nbsp;2062156 |
| DTE Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp;6826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765263 |

---

<sub>127</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Duke Energy Corp. | 27275 | &nbsp;&nbsp;&nbsp;&nbsp;2541484 |
| Edison International | 13291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797992 |
| Entergy Corp. | &nbsp;&nbsp;7181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769372 |
| Essential Utilities, Inc. | &nbsp;&nbsp;8203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362737 |
| Evergy, Inc. | &nbsp;&nbsp;7850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479870 |
| Eversource Energy | 12193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930082 |
| Exelon Corp. | 35148 | &nbsp;&nbsp;&nbsp;&nbsp;1356361 |
| FirstEnergy Corp. | 19210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724409 |
| Hawaiian Electric Industries, Inc. | &nbsp;&nbsp;3852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146530 |
| IDACORP, Inc. | &nbsp;&nbsp;1783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186680 |
| National Fuel Gas Co. | &nbsp;&nbsp;2851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192414 |
| NextEra Energy, Inc. | 69526 | &nbsp;&nbsp;&nbsp;&nbsp;5388265 |
| NiSource, Inc. | 14397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369859 |
| NRG Energy, Inc. | &nbsp;&nbsp;8325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369630 |
| OGE Energy Corp. | &nbsp;&nbsp;7075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259157 |
| PG&E Corp. \* | 54863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819105 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;4001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268907 |
| PPL Corp. | 26070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690594 |
| Public Service Enterprise Group, Inc. | 17611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987449 |
| Sempra Energy | 11137 | &nbsp;&nbsp;&nbsp;&nbsp;1681019 |
| The AES Corp. | 19319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505385 |
| The Southern Co. | 37595 | &nbsp;&nbsp;&nbsp;&nbsp;2461721 |
| UGI Corp. | &nbsp;&nbsp;7423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262255 |
| Vistra Corp. | &nbsp;&nbsp;6184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142046 |
| WEC Energy Group, Inc. | 11167 | &nbsp;&nbsp;&nbsp;&nbsp;1019882 |
| Xcel Energy, Inc. | 19291 | &nbsp;&nbsp;&nbsp;&nbsp;1256037 |
|  |  | &nbsp;&nbsp;&nbsp;**35716907** |
| **Total Common Stocks<br> (Cost $559,167,998)** | **Total Common Stocks<br> (Cost $559,167,998)** | **643162523** |
| **INVESTMENT COMPANIES 0.1% OF NET ASSETS** | **INVESTMENT COMPANIES 0.1% OF NET ASSETS** | **INVESTMENT COMPANIES 0.1% OF NET ASSETS** |
| &nbsp;&nbsp;**Equity Funds 0.1%** | &nbsp;&nbsp;**Equity Funds 0.1%** | &nbsp;&nbsp;**Equity Funds 0.1%** |
| iShares Russell 1000 Value ETF | &nbsp;&nbsp;4150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**621421** |
| **Total Investment Companies<br> (Cost $580,088)** | **Total Investment Companies<br> (Cost $580,088)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**621421** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS** |
| &nbsp;&nbsp;**Money Market Funds 0.5%** | &nbsp;&nbsp;**Money Market Funds 0.5%** | &nbsp;&nbsp;**Money Market Funds 0.5%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)* | 2663955 | &nbsp;&nbsp;&nbsp;&nbsp;2663955 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)(d)* | &nbsp;&nbsp;&nbsp;686224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686224 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**3350179** |
| **Total Short-Term Investments<br> (Cost $3,350,179)** | **Total Short-Term Investments<br> (Cost $3,350,179)** | &nbsp;&nbsp;&nbsp;&nbsp;**3350179** |
| **Total Investments in Securities<br> (Cost $563,098,265)** | **Total Investments in Securities<br> (Cost $563,098,265)** | **647134123** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| Russell 1000 Value Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3546720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108463 |
| S&P 500 Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661 |
| **Net Unrealized Appreciation** | **Net Unrealized Appreciation** | **Net Unrealized Appreciation** | **109124** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $670,319.

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

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

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

ETF — Exchange traded fund <br> REIT — Real Estate Investment Trust

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

------

Below is a summary of the fund's transactions with affiliated issuers during the period ended October 31, 2022:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 10/31/21 | PURCHASES | SALES | REALIZED <br> GAINS (LOSSES) | NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) | VALUE AT<br> 10/31/22 | BALANCE <br> OF SHARES<br> HELD AT<br> 10/31/22 | DIVIDENDS <br> RECEIVED |
| **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** | **COMMON STOCKS 0.3% OF NET ASSETS** |
| **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** | **Diversified Financials 0.3%** |
| The Charles Schwab Corp. | $3397519 | $854830 | ($1862661) | $285654 | ($777603) | **$1897739** | 23820 | $30673 |

---

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$643162523 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$643162523 |
| Investment Companies<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621421 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621421 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3350179 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3350179 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109124 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109124 |
| **Total** | **$647243247** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$647243247** |

---

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the underlying securities held by the underlying mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated (cost $1,039,263) |  | &nbsp;&nbsp;&nbsp;&nbsp;$1897739 |
| Investments in securities, at value - unaffiliated (cost $562,059,002) including securities on loan of $670,319 |  | &nbsp;&nbsp;&nbsp;645236384 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129853 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164000 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1012934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616262 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4123 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**649061295** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686224 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542954 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16867 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1265325** |
| **Net assets** |  | **$647795970** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;$582325155 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;&nbsp;65470815 |
| **Net assets** |  | **$647795970** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $647795970 |  | 13634563 |  | $47.51 |

---

<sub>130</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $3,229) |  | &nbsp;&nbsp;&nbsp;$12704310 |
| Dividends received from securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30673 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26865 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;**12761848** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214388 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2757 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**217145** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;**12544703** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(180340) |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;(4434022) |
| Net realized gains on sales of in-kind redemptions - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465994 |
| Net realized gains on sales of in-kind redemptions - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9972950 |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(378084) |
| **Net realized gains** |  | &nbsp;&nbsp;&nbsp;&nbsp;**5446498** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(777603) |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(62636956) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93006 |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(63321553)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(57875055)** |
| **Decrease in net assets resulting from operations** |  | **($45330352)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Large-Cap Value Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;$12544703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9554564 |
| Net realized gains |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5446498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18696413 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(63321553) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125598537 |
| **Increase (decrease) in net assets resulting from operations** |  | **($45330352)** | &nbsp;&nbsp;&nbsp;**$153849514** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($27740131)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**($7759956)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;5720926 | &nbsp;&nbsp;&nbsp;&nbsp;$280961274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3972069 | &nbsp;&nbsp;&nbsp;&nbsp;$193635977 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;416349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21312908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5614330 |
| Shares redeemed | + | &nbsp;&nbsp;(3237613) | &nbsp;&nbsp;&nbsp;&nbsp;(157379862) | &nbsp;&nbsp;&nbsp;&nbsp;(2064619) | &nbsp;&nbsp;&nbsp;&nbsp;(100690119) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;**2899662** | &nbsp;&nbsp;&nbsp;**$144894320** | &nbsp;&nbsp;&nbsp;&nbsp;**2036664** | &nbsp;&nbsp;&nbsp;&nbsp;**$98560188** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;10734901 | &nbsp;&nbsp;&nbsp;&nbsp;$575972133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8698237 | &nbsp;&nbsp;&nbsp;&nbsp;$331322387 |
| Total increase | + | &nbsp;&nbsp;&nbsp;2899662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71823837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2036664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244649746 |
| **End of period** |  | **13634563** | &nbsp;&nbsp;&nbsp;**$647795970** | &nbsp;&nbsp;&nbsp;**10734901** | &nbsp;&nbsp;&nbsp;**$575972133** |

---

<sub>132</sub>

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;12/20/17 <sup>1</sup>–<br> 10/31/18 |
| **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;&nbsp;&nbsp;$64.44 | &nbsp;&nbsp;&nbsp;&nbsp;$44.98 | &nbsp;&nbsp;&nbsp;&nbsp;$44.29 | &nbsp;&nbsp;&nbsp;&nbsp;$39.55 | &nbsp;&nbsp;&nbsp;&nbsp;$40.00 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11.54) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.04) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10.75) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.45) |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.63) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.77) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.64) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.42) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.48) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.08) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.85) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.77) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.50) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Net asset value at end of period | &nbsp;&nbsp;&nbsp;&nbsp;$51.84 | &nbsp;&nbsp;&nbsp;&nbsp;$64.44 | &nbsp;&nbsp;&nbsp;&nbsp;$44.98 | &nbsp;&nbsp;&nbsp;&nbsp;$44.29 | &nbsp;&nbsp;&nbsp;&nbsp;$39.55 |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17.15%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45.35% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.61% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.13%) <sup>3</sup> |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% <sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04% <sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05% <sup>6,7</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Net operating expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.03% <sup>6,7</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.41% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.19% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.69% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.67% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.65% <sup>6</sup> |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11% <sup>8</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15% <sup>3</sup> |
| Net assets, end of period (x 1,000) | &nbsp;&nbsp;$903303 | &nbsp;&nbsp;$890697 | &nbsp;&nbsp;$482977 | &nbsp;&nbsp;$356596 | &nbsp;&nbsp;$171278 |

---

<sup>1</sup> Commencement of operations.

<sup>2</sup> Calculated based on the average shares outstanding during the period.

<sup>3</sup> Not annualized.

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

<sup>5</sup> Effective December 20, 2018, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 10/31/19 is a blended ratio.

<sup>6</sup> Annualized.

<sup>7</sup> The investment adviser voluntarily agreed to waive the fund's management fees to 0.00% beginning with the fund's commencement of operations through June 30, 2018. The ratio presented for period ended 10/31/18 is a blended ratio.

<sup>8</sup> Portfolio turnover rate excludes in-kind transactions.

<sub>133</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 98.9% OF NET ASSETS** | **COMMON STOCKS 98.9% OF NET ASSETS** | **COMMON STOCKS 98.9% OF NET ASSETS** |
| &nbsp;&nbsp;**Automobiles & Components 0.9%** | &nbsp;&nbsp;**Automobiles & Components 0.9%** | &nbsp;&nbsp;**Automobiles & Components 0.9%** |
| Aptiv plc \* | &nbsp;&nbsp;25657 | &nbsp;&nbsp;&nbsp;&nbsp;2336583 |
| BorgWarner, Inc. | &nbsp;&nbsp;22410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841047 |
| Gentex Corp. | &nbsp;&nbsp;22338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591734 |
| Harley-Davidson, Inc. | &nbsp;&nbsp;12740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547820 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;783850 |
| Lucid Group, Inc. *\*(a)* | &nbsp;&nbsp;50504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721702 |
| QuantumScape Corp. *\*(a)* | &nbsp;&nbsp;24135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201045 |
| Rivian Automotive, Inc., Class A \* | &nbsp;&nbsp;49323 | &nbsp;&nbsp;&nbsp;&nbsp;1724825 |
| Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407920 |
|  |  | &nbsp;&nbsp;&nbsp;**8156526** |
| &nbsp;&nbsp;**Banks 3.4%** | &nbsp;&nbsp;**Banks 3.4%** | &nbsp;&nbsp;**Banks 3.4%** |
| Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283901 |
| Bank OZK | &nbsp;&nbsp;10592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455244 |
| BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307651 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;46346 | &nbsp;&nbsp;&nbsp;&nbsp;1895551 |
| Comerica, Inc. | &nbsp;&nbsp;12398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874059 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;10401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736807 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858357 |
| East West Bancorp, Inc. | &nbsp;&nbsp;13423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960684 |
| F.N.B. Corp. | &nbsp;&nbsp;33118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478555 |
| Fifth Third Bancorp | &nbsp;&nbsp;64677 | &nbsp;&nbsp;&nbsp;&nbsp;2308322 |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950371 |
| First Hawaiian, Inc. | &nbsp;&nbsp;12083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309083 |
| First Horizon Corp. | &nbsp;&nbsp;50218 | &nbsp;&nbsp;&nbsp;&nbsp;1230843 |
| First Republic Bank | &nbsp;&nbsp;17261 | &nbsp;&nbsp;&nbsp;&nbsp;2073046 |
| Huntington Bancshares, Inc. | 136218 | &nbsp;&nbsp;&nbsp;&nbsp;2067789 |
| KeyCorp | &nbsp;&nbsp;88197 | &nbsp;&nbsp;&nbsp;&nbsp;1576080 |
| M&T Bank Corp. | &nbsp;&nbsp;16602 | &nbsp;&nbsp;&nbsp;&nbsp;2795279 |
| MGIC Investment Corp. | &nbsp;&nbsp;28649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391059 |
| New York Community Bancorp, Inc. | &nbsp;&nbsp;43778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407573 |
| PacWest Bancorp | &nbsp;&nbsp;11039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274430 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588897 |
| Popular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491858 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595319 |
| Regions Financial Corp. | &nbsp;&nbsp;88721 | &nbsp;&nbsp;&nbsp;&nbsp;1947426 |
| Rocket Cos., Inc., Class A | &nbsp;&nbsp;10961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75631 |
| Signature Bank | &nbsp;&nbsp;&nbsp;&nbsp;5881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932315 |
| SVB Financial Group \* | &nbsp;&nbsp;&nbsp;&nbsp;5572 | &nbsp;&nbsp;&nbsp;&nbsp;1286909 |
| Synovus Financial Corp. | &nbsp;&nbsp;13694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545706 |
| TFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67791 |
| Umpqua Holdings Corp. | &nbsp;&nbsp;20443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406407 |
| UWM Holdings Corp. *(a)* | &nbsp;&nbsp;&nbsp;&nbsp;8652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28379 |
| Webster Financial Corp. | &nbsp;&nbsp;16576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899414 |
| Western Alliance Bancorp | &nbsp;&nbsp;10037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674185 |
| Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531013 |
| Zions Bancorp NA | &nbsp;&nbsp;14143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734587 |
|  |  | **31040521** |
| &nbsp;&nbsp;**Capital Goods 10.0%** | &nbsp;&nbsp;**Capital Goods 10.0%** | &nbsp;&nbsp;**Capital Goods 10.0%** |
| A.O. Smith Corp. | &nbsp;&nbsp;12043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659716 |
| Acuity Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569067 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;6082 | &nbsp;&nbsp;&nbsp;&nbsp;704782 |
| AECOM | 12499 | &nbsp;&nbsp;&nbsp;&nbsp;940925 |
| AGCO Corp. | &nbsp;&nbsp;5896 | &nbsp;&nbsp;&nbsp;&nbsp;732106 |
| Air Lease Corp. | &nbsp;&nbsp;9854 | &nbsp;&nbsp;&nbsp;&nbsp;347748 |
| Allegion plc | &nbsp;&nbsp;8317 | &nbsp;&nbsp;&nbsp;&nbsp;871372 |
| Allison Transmission Holdings, Inc. | &nbsp;&nbsp;9175 | &nbsp;&nbsp;&nbsp;&nbsp;387644 |
| AMETEK, Inc. | 21871 | 2835794 |
| Armstrong World Industries, Inc. | &nbsp;&nbsp;4373 | &nbsp;&nbsp;&nbsp;&nbsp;330468 |
| Axon Enterprise, Inc. \* | &nbsp;&nbsp;6411 | &nbsp;&nbsp;&nbsp;&nbsp;932416 |
| Builders FirstSource, Inc. \* | 14635 | &nbsp;&nbsp;&nbsp;&nbsp;902394 |
| BWX Technologies, Inc. | &nbsp;&nbsp;8648 | &nbsp;&nbsp;&nbsp;&nbsp;492763 |
| Carlisle Cos., Inc. | &nbsp;&nbsp;4879 | 1165105 |
| Carrier Global Corp. | 80471 | 3199527 |
| ChargePoint Holdings, Inc. *\*(a)* | 23809 | &nbsp;&nbsp;&nbsp;&nbsp;332850 |
| Core & Main, Inc., Class A \* | &nbsp;&nbsp;6737 | &nbsp;&nbsp;&nbsp;&nbsp;158858 |
| Crane Holdings Co. | &nbsp;&nbsp;4464 | &nbsp;&nbsp;&nbsp;&nbsp;447918 |
| Cummins, Inc. | 13378 | 3271055 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;3640 | &nbsp;&nbsp;&nbsp;&nbsp;610901 |
| Donaldson Co., Inc. | 11680 | &nbsp;&nbsp;&nbsp;&nbsp;671016 |
| Dover Corp. | 13657 | 1784833 |
| Esab Corp. | &nbsp;&nbsp;4835 | &nbsp;&nbsp;&nbsp;&nbsp;180346 |
| Fastenal Co. | 54644 | 2640945 |
| Flowserve Corp. | 12384 | &nbsp;&nbsp;&nbsp;&nbsp;355173 |
| Fortive Corp. | 34052 | 2175923 |
| Fortune Brands Home & Security, Inc. | 12255 | &nbsp;&nbsp;&nbsp;&nbsp;739222 |
| Gates Industrial Corp. plc \* | 10279 | &nbsp;&nbsp;&nbsp;&nbsp;114611 |
| Generac Holdings, Inc. \* | &nbsp;&nbsp;5917 | &nbsp;&nbsp;&nbsp;&nbsp;685840 |
| Graco, Inc. | 15930 | 1108409 |
| Hayward Holdings, Inc. \* | &nbsp;&nbsp;6425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59431 |
| HEICO Corp. | &nbsp;&nbsp;4259 | &nbsp;&nbsp;&nbsp;&nbsp;692684 |
| HEICO Corp., Class A | &nbsp;&nbsp;7504 | &nbsp;&nbsp;&nbsp;&nbsp;955259 |
| Hexcel Corp. | &nbsp;&nbsp;7943 | &nbsp;&nbsp;&nbsp;&nbsp;442425 |
| Howmet Aerospace, Inc. | 35577 | 1264762 |
| Hubbell, Inc. | &nbsp;&nbsp;5081 | 1206636 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;3735 | &nbsp;&nbsp;&nbsp;&nbsp;960156 |
| IDEX Corp. | &nbsp;&nbsp;7210 | 1602855 |
| Ingersoll Rand, Inc. | 38559 | 1947230 |
| ITT, Inc. | &nbsp;&nbsp;7924 | &nbsp;&nbsp;&nbsp;&nbsp;605314 |
| Lennox International, Inc. | &nbsp;&nbsp;3033 | &nbsp;&nbsp;&nbsp;&nbsp;708418 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;5317 | &nbsp;&nbsp;&nbsp;&nbsp;755014 |
| Masco Corp. | 21377 | &nbsp;&nbsp;&nbsp;&nbsp;989114 |
| MasTec, Inc. \* | &nbsp;&nbsp;5779 | &nbsp;&nbsp;&nbsp;&nbsp;445445 |
| MDU Resources Group, Inc. | 19170 | &nbsp;&nbsp;&nbsp;&nbsp;545962 |
| Mercury Systems, Inc. \* | &nbsp;&nbsp;5406 | &nbsp;&nbsp;&nbsp;&nbsp;261650 |
| MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp;4385 | &nbsp;&nbsp;&nbsp;&nbsp;363867 |
| Nordson Corp. | &nbsp;&nbsp;5497 | 1236825 |
| nVent Electric plc | 15690 | &nbsp;&nbsp;&nbsp;&nbsp;572685 |
| Oshkosh Corp. | &nbsp;&nbsp;6215 | &nbsp;&nbsp;&nbsp;&nbsp;546920 |
| Otis Worldwide Corp. | 40167 | 2837397 |
| Owens Corning | &nbsp;&nbsp;9197 | &nbsp;&nbsp;&nbsp;&nbsp;787355 |
| PACCAR, Inc. | 32385 | 3135840 |
| Parker-Hannifin Corp. | 12149 | 3530742 |
| Pentair plc | 15631 | &nbsp;&nbsp;&nbsp;&nbsp;671351 |
| Plug Power, Inc. \* | 49308 | &nbsp;&nbsp;&nbsp;&nbsp;787942 |
| Quanta Services, Inc. | 13506 | 1918392 |
| Regal Rexnord Corp. | &nbsp;&nbsp;6359 | &nbsp;&nbsp;&nbsp;&nbsp;804668 |
| Rockwell Automation, Inc. | 11038 | 2818001 |
| Sensata Technologies Holding plc | 14537 | &nbsp;&nbsp;&nbsp;&nbsp;584533 |

---

<sub>134</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| SiteOne Landscape Supply, Inc. \* | &nbsp;&nbsp;4212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488044 |
| Snap-on, Inc. | &nbsp;&nbsp;4989 | &nbsp;&nbsp;&nbsp;&nbsp;1107807 |
| Spirit AeroSystems Holdings, Inc., Class A | &nbsp;&nbsp;9927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229909 |
| Stanley Black & Decker, Inc. | 14015 | &nbsp;&nbsp;&nbsp;&nbsp;1100037 |
| Sunrun, Inc. \* | 19472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438315 |
| Textron, Inc. | 20053 | &nbsp;&nbsp;&nbsp;&nbsp;1372427 |
| The AZEK Co., Inc. \* | 10498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183820 |
| The Middleby Corp. \* | &nbsp;&nbsp;5078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710209 |
| The Timken Co. | &nbsp;&nbsp;5896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420326 |
| The Toro Co. | &nbsp;&nbsp;9903 | &nbsp;&nbsp;&nbsp;&nbsp;1044073 |
| Trane Technologies plc | 22148 | &nbsp;&nbsp;&nbsp;&nbsp;3535485 |
| TransDigm Group, Inc. | &nbsp;&nbsp;4875 | &nbsp;&nbsp;&nbsp;&nbsp;2806830 |
| Trex Co., Inc. \* | 10482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504079 |
| United Rentals, Inc. \* | &nbsp;&nbsp;6629 | &nbsp;&nbsp;&nbsp;&nbsp;2092842 |
| Univar Solutions, Inc. \* | 15608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397692 |
| Valmont Industries, Inc. | &nbsp;&nbsp;1994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636525 |
| Vertiv Holdings Co. | 28862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413015 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;4325 | &nbsp;&nbsp;&nbsp;&nbsp;2527314 |
| Watsco, Inc. | &nbsp;&nbsp;3127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847292 |
| WESCO International, Inc. \* | &nbsp;&nbsp;4234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583318 |
| Westinghouse Air Brake Technologies Corp. | 17181 | &nbsp;&nbsp;&nbsp;&nbsp;1602644 |
| WillScot Mobile Mini Holdings Corp. \* | 19752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840053 |
| Woodward, Inc. | &nbsp;&nbsp;5573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511044 |
| Xylem, Inc. | 17002 | &nbsp;&nbsp;&nbsp;&nbsp;1741515 |
|  |  | **90523215** |
| &nbsp;&nbsp;**Commercial & Professional Services 3.3%** | &nbsp;&nbsp;**Commercial & Professional Services 3.3%** | &nbsp;&nbsp;**Commercial & Professional Services 3.3%** |
| Booz Allen Hamilton Holding Corp. | 12458 | &nbsp;&nbsp;&nbsp;&nbsp;1356053 |
| CACI International, Inc., Class A \* | &nbsp;&nbsp;2194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667042 |
| Cintas Corp. | &nbsp;&nbsp;8217 | &nbsp;&nbsp;&nbsp;&nbsp;3513178 |
| Clarivate plc \* | 44723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461989 |
| Clean Harbors, Inc. \* | &nbsp;&nbsp;4837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592339 |
| Copart, Inc. \* | 20231 | &nbsp;&nbsp;&nbsp;&nbsp;2326970 |
| CoStar Group, Inc. \* | 37302 | &nbsp;&nbsp;&nbsp;&nbsp;3085621 |
| Driven Brands Holdings, Inc. \* | &nbsp;&nbsp;5241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167607 |
| Dun & Bradstreet Holdings, Inc. | 23872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306755 |
| Equifax, Inc. | 11538 | &nbsp;&nbsp;&nbsp;&nbsp;1956152 |
| FTI Consulting, Inc. \* | &nbsp;&nbsp;3198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497705 |
| IAA, Inc. \* | 12702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481787 |
| Jacobs Solutions, Inc. | 12132 | &nbsp;&nbsp;&nbsp;&nbsp;1397849 |
| KBR, Inc. | 13176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655770 |
| Leidos Holdings, Inc. | 12928 | &nbsp;&nbsp;&nbsp;&nbsp;1313355 |
| ManpowerGroup, Inc. | &nbsp;&nbsp;4893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383318 |
| MSA Safety, Inc. | &nbsp;&nbsp;3504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470377 |
| Republic Services, Inc. | 19574 | &nbsp;&nbsp;&nbsp;&nbsp;2595904 |
| Robert Half International, Inc. | 10217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781192 |
| Rollins, Inc. | 21986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925171 |
| Science Applications International Corp. | &nbsp;&nbsp;5269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570843 |
| Stericycle, Inc. \* | &nbsp;&nbsp;8715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388515 |
| Tetra Tech, Inc. | &nbsp;&nbsp;5056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714312 |
| TransUnion | 18268 | &nbsp;&nbsp;&nbsp;&nbsp;1082744 |
| Verisk Analytics, Inc. | 14746 | &nbsp;&nbsp;&nbsp;&nbsp;2696011 |
|  |  | **29388559** |
| &nbsp;&nbsp;**Consumer Durables & Apparel 2.5%** | &nbsp;&nbsp;**Consumer Durables & Apparel 2.5%** | &nbsp;&nbsp;**Consumer Durables & Apparel 2.5%** |
| Brunswick Corp. | &nbsp;&nbsp;7013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495609 |
| Capri Holdings Ltd. \* | 12788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584156 |
| Carter's, Inc. | &nbsp;&nbsp;3618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245554 |
| Columbia Sportswear Co. | &nbsp;&nbsp;3420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254790 |
| D.R. Horton, Inc. | 30259 | &nbsp;&nbsp;&nbsp;&nbsp;2326312 |
| Deckers Outdoor Corp. \* | &nbsp;&nbsp;2499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874475 |
| Garmin Ltd. | 14634 | &nbsp;&nbsp;&nbsp;&nbsp;1288377 |
| Hanesbrands, Inc. | 32988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224978 |
| Hasbro, Inc. | 12477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814124 |
| Leggett & Platt, Inc. | 12608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425520 |
| Lennar Corp., Class A | 23826 | &nbsp;&nbsp;&nbsp;&nbsp;1922758 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Lennar Corp., Class B | &nbsp;&nbsp;1376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89743 |
| Lululemon Athletica, Inc. \* | 10602 | &nbsp;&nbsp;&nbsp;&nbsp;3488482 |
| Mattel, Inc. \* | 33397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633207 |
| Mohawk Industries, Inc. \* | &nbsp;&nbsp;4979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471760 |
| Newell Brands, Inc. | 35828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494785 |
| NVR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp;1207759 |
| Peloton Interactive, Inc., Class A \* | 28815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242046 |
| Polaris, Inc. | &nbsp;&nbsp;5360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544576 |
| PulteGroup, Inc. | 21861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874221 |
| PVH Corp. | &nbsp;&nbsp;6396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328243 |
| Ralph Lauren Corp. | &nbsp;&nbsp;4023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372892 |
| Skechers U.S.A., Inc., Class A \* | 12682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436641 |
| Tapestry, Inc. | 23912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757532 |
| Tempur Sealy International, Inc. | 15922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428142 |
| Toll Brothers, Inc. | 10201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439459 |
| TopBuild Corp. \* | &nbsp;&nbsp;3071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522500 |
| Under Armour, Inc., Class A \* | 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134100 |
| Under Armour, Inc., Class C \* | 18846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123630 |
| VF Corp. | 33171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937081 |
| Whirlpool Corp. | &nbsp;&nbsp;5068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700600 |
| YETI Holdings, Inc. \* | &nbsp;&nbsp;8158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261709 |
|  |  | **22945761** |
| &nbsp;&nbsp;**Consumer Services 3.4%** | &nbsp;&nbsp;**Consumer Services 3.4%** | &nbsp;&nbsp;**Consumer Services 3.4%** |
| ADT, Inc. | 19594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165765 |
| Aramark | 22003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803110 |
| Boyd Gaming Corp. | &nbsp;&nbsp;7418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428464 |
| Bright Horizons Family Solutions, Inc. \* | &nbsp;&nbsp;5478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357823 |
| Caesars Entertainment, Inc. \* | 19471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851467 |
| Carnival Corp. \* | 90904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823590 |
| Chipotle Mexican Grill, Inc. \* | &nbsp;&nbsp;2641 | &nbsp;&nbsp;&nbsp;&nbsp;3957090 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;3204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416007 |
| Churchill Downs, Inc. | &nbsp;&nbsp;3442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715626 |
| Darden Restaurants, Inc. | 11618 | &nbsp;&nbsp;&nbsp;&nbsp;1663001 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;3409 | &nbsp;&nbsp;&nbsp;&nbsp;1132606 |
| DraftKings, Inc., Class A \* | 30690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484902 |
| Expedia Group, Inc. \* | 14352 | &nbsp;&nbsp;&nbsp;&nbsp;1341482 |
| Grand Canyon Education, Inc. \* | &nbsp;&nbsp;2976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299475 |
| H&R Block, Inc. | 15152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623505 |
| Hilton Worldwide Holdings, Inc. | 25646 | &nbsp;&nbsp;&nbsp;&nbsp;3468878 |
| Hyatt Hotels Corp., Class A \* | &nbsp;&nbsp;4679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440809 |
| Las Vegas Sands Corp. \* | 31393 | &nbsp;&nbsp;&nbsp;&nbsp;1193248 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;3646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538733 |
| MGM Resorts International | 31158 | &nbsp;&nbsp;&nbsp;&nbsp;1108290 |
| Mister Car Wash, Inc. \* | &nbsp;&nbsp;7352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64918 |
| Norwegian Cruise Line Holdings Ltd. \* | 39645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669604 |
| Penn Entertainment, Inc. \* | 14953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494944 |
| Planet Fitness, Inc., Class A \* | &nbsp;&nbsp;7989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523120 |
| Royal Caribbean Cruises Ltd. \* | 20905 | &nbsp;&nbsp;&nbsp;&nbsp;1115909 |
| Service Corp. International | 14651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887997 |
| Six Flags Entertainment Corp. \* | &nbsp;&nbsp;7050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157215 |
| The Wendy's Co. | 16248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337633 |
| Travel & Leisure Co. | &nbsp;&nbsp;7786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295712 |
| Vail Resorts, Inc. | &nbsp;&nbsp;3817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836419 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;8423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639558 |
| Wynn Resorts Ltd. \* | &nbsp;&nbsp;9908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633121 |
| Yum! Brands, Inc. | 27177 | &nbsp;&nbsp;&nbsp;&nbsp;3213680 |
|  |  | **30683701** |
| &nbsp;&nbsp;**Diversified Financials 5.7%** | &nbsp;&nbsp;**Diversified Financials 5.7%** | &nbsp;&nbsp;**Diversified Financials 5.7%** |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;3594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446231 |
| AGNC Investment Corp. | 49497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406865 |
| Ally Financial, Inc. | 29269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806654 |
| Ameriprise Financial, Inc. | 10256 | &nbsp;&nbsp;&nbsp;&nbsp;3170335 |
| Annaly Capital Management, Inc. | 40885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758417 |
| Apollo Global Management, Inc. | 43595 | &nbsp;&nbsp;&nbsp;&nbsp;2413419 |

---

<sub>135</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Ares Management Corp., Class A | 14397 | &nbsp;&nbsp;&nbsp;&nbsp;1091725 |
| Blue Owl Capital, Inc. | 39482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395610 |
| Cboe Global Markets, Inc. | 10048 | &nbsp;&nbsp;&nbsp;&nbsp;1250976 |
| Coinbase Global, Inc., Class A \* | 14984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992690 |
| Credit Acceptance Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296134 |
| Discover Financial Services | 25899 | &nbsp;&nbsp;&nbsp;&nbsp;2705410 |
| Equitable Holdings, Inc. | 35508 | &nbsp;&nbsp;&nbsp;&nbsp;1087255 |
| Evercore, Inc., Class A | &nbsp;&nbsp;3451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362700 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;3602 | &nbsp;&nbsp;&nbsp;&nbsp;1532615 |
| Franklin Resources, Inc. | 27125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636081 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;8825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707324 |
| Invesco Ltd. | 35500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543860 |
| Janus Henderson Group plc | 12890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293505 |
| Jefferies Financial Group, Inc. | 19335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665317 |
| KKR & Co., Inc. | 54295 | &nbsp;&nbsp;&nbsp;&nbsp;2640366 |
| Lazard Ltd., Class A | &nbsp;&nbsp;8470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319404 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp;7555 | &nbsp;&nbsp;&nbsp;&nbsp;1931436 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;3525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860241 |
| Morningstar, Inc. | &nbsp;&nbsp;2354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546552 |
| MSCI, Inc. | &nbsp;&nbsp;7483 | &nbsp;&nbsp;&nbsp;&nbsp;3508479 |
| Nasdaq, Inc. | 32637 | &nbsp;&nbsp;&nbsp;&nbsp;2031327 |
| Northern Trust Corp. | 19510 | &nbsp;&nbsp;&nbsp;&nbsp;1645668 |
| OneMain Holdings, Inc. | 11050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426088 |
| Raymond James Financial, Inc. | 18476 | &nbsp;&nbsp;&nbsp;&nbsp;2182755 |
| Rithm Capital Corp. | 40444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340943 |
| Robinhood Markets, Inc., Class A \* | 53269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622182 |
| SEI Investments Co. | &nbsp;&nbsp;9735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528611 |
| SLM Corp. | 23769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394328 |
| SoFi Technologies, Inc. \* | 75501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410725 |
| Starwood Property Trust, Inc. | 27791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574162 |
| State Street Corp. | 34826 | &nbsp;&nbsp;&nbsp;&nbsp;2577124 |
| Stifel Financial Corp. | &nbsp;&nbsp;9805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606635 |
| Synchrony Financial | 45558 | &nbsp;&nbsp;&nbsp;&nbsp;1620042 |
| T. Rowe Price Group, Inc. | 21244 | &nbsp;&nbsp;&nbsp;&nbsp;2255263 |
| The Bank of New York Mellon Corp. | 69730 | &nbsp;&nbsp;&nbsp;&nbsp;2936330 |
| The Carlyle Group, Inc. | 19648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555645 |
| Tradeweb Markets, Inc., Class A | 10200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561816 |
| Upstart Holdings, Inc. *\*(a)* | &nbsp;&nbsp;6676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154750 |
| Virtu Financial, Inc., Class A | &nbsp;&nbsp;9295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208022 |
| Voya Financial, Inc. | &nbsp;&nbsp;9219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630211 |
|  |  | **51632228** |
| &nbsp;&nbsp;**Energy 5.6%** | &nbsp;&nbsp;**Energy 5.6%** | &nbsp;&nbsp;**Energy 5.6%** |
| Antero Midstream Corp. | 31789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338553 |
| Antero Resources Corp. \* | 27449 | &nbsp;&nbsp;&nbsp;&nbsp;1006280 |
| APA Corp. | 30880 | &nbsp;&nbsp;&nbsp;&nbsp;1403805 |
| Baker Hughes Co. | 90320 | &nbsp;&nbsp;&nbsp;&nbsp;2498251 |
| Cheniere Energy, Inc. | 23629 | &nbsp;&nbsp;&nbsp;&nbsp;4168392 |
| Chesapeake Energy Corp. | 11492 | &nbsp;&nbsp;&nbsp;&nbsp;1175287 |
| Continental Resources, Inc. | &nbsp;&nbsp;3434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254013 |
| Coterra Energy, Inc. | 74492 | &nbsp;&nbsp;&nbsp;&nbsp;2318936 |
| Devon Energy Corp. | 62450 | &nbsp;&nbsp;&nbsp;&nbsp;4830508 |
| Diamondback Energy, Inc. | 16426 | &nbsp;&nbsp;&nbsp;&nbsp;2580689 |
| DTE Midstream LLC \* | &nbsp;&nbsp;9218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550315 |
| Enviva, Inc. | &nbsp;&nbsp;2884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172579 |
| EQT Corp. | 34975 | &nbsp;&nbsp;&nbsp;&nbsp;1463354 |
| Halliburton Co. | 85291 | &nbsp;&nbsp;&nbsp;&nbsp;3106298 |
| Hess Corp. | 26731 | &nbsp;&nbsp;&nbsp;&nbsp;3771209 |
| HF Sinclair Corp. | 13830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845981 |
| Marathon Oil Corp. | 64107 | &nbsp;&nbsp;&nbsp;&nbsp;1952058 |
| New Fortress Energy, Inc. | &nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250569 |
| NOV, Inc. | 37145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832048 |
| ONEOK, Inc. | 42200 | &nbsp;&nbsp;&nbsp;&nbsp;2503304 |
| Ovintiv, Inc. | 24253 | &nbsp;&nbsp;&nbsp;&nbsp;1228414 |
| PDC Energy, Inc. | &nbsp;&nbsp;8986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648250 |
| Phillips 66 | 45683 | &nbsp;&nbsp;&nbsp;&nbsp;4764280 |
| Range Resources Corp. | 24336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693089 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Southwestern Energy Co. \* | 105699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732494 |
| Targa Resources Corp. | &nbsp;&nbsp;21447 | &nbsp;&nbsp;&nbsp;&nbsp;1466331 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543 | &nbsp;&nbsp;&nbsp;&nbsp;1251001 |
| The Williams Cos., Inc. | 115635 | &nbsp;&nbsp;&nbsp;&nbsp;3784734 |
|  |  | **50591022** |
| &nbsp;&nbsp;**Food & Staples Retailing 0.7%** | &nbsp;&nbsp;**Food & Staples Retailing 0.7%** | &nbsp;&nbsp;**Food & Staples Retailing 0.7%** |
| Albertsons Cos., Inc., Class A | &nbsp;&nbsp;15948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327093 |
| BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp;12716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984218 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818907 |
| Grocery Outlet Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290250 |
| Performance Food Group Co. \* | &nbsp;&nbsp;14437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751301 |
| The Kroger Co. | &nbsp;&nbsp;62247 | &nbsp;&nbsp;&nbsp;&nbsp;2943661 |
| U.S. Foods Holding Corp. \* | &nbsp;&nbsp;19155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570053 |
|  |  | &nbsp;&nbsp;&nbsp;**6685483** |
| &nbsp;&nbsp;**Food, Beverage & Tobacco 2.5%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 2.5%** | &nbsp;&nbsp;**Food, Beverage & Tobacco 2.5%** |
| Brown-Forman Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296192 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;17434 | &nbsp;&nbsp;&nbsp;&nbsp;1185512 |
| Bunge Ltd. | &nbsp;&nbsp;13299 | &nbsp;&nbsp;&nbsp;&nbsp;1312611 |
| Campbell Soup Co. | &nbsp;&nbsp;18399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973491 |
| Conagra Brands, Inc. | &nbsp;&nbsp;44682 | &nbsp;&nbsp;&nbsp;&nbsp;1639829 |
| Darling Ingredients, Inc. \* | &nbsp;&nbsp;15185 | &nbsp;&nbsp;&nbsp;&nbsp;1191719 |
| Flowers Foods, Inc. | &nbsp;&nbsp;17749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509574 |
| Freshpet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253485 |
| Hormel Foods Corp. | &nbsp;&nbsp;27217 | &nbsp;&nbsp;&nbsp;&nbsp;1264230 |
| Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554861 |
| Kellogg Co. | &nbsp;&nbsp;23960 | &nbsp;&nbsp;&nbsp;&nbsp;1840607 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;13678 | &nbsp;&nbsp;&nbsp;&nbsp;1179317 |
| McCormick & Co., Inc. - Non Voting Shares | &nbsp;&nbsp;23798 | &nbsp;&nbsp;&nbsp;&nbsp;1871475 |
| Molson Coors Beverage Co., Class B | &nbsp;&nbsp;16613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837794 |
| Pilgrim's Pride Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103425 |
| Post Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468376 |
| Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89913 |
| The Boston Beer Co., Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333721 |
| The Hershey Co. | &nbsp;&nbsp;13856 | &nbsp;&nbsp;&nbsp;&nbsp;3308397 |
| The JM Smucker Co. | &nbsp;&nbsp;&nbsp;&nbsp;9784 | &nbsp;&nbsp;&nbsp;&nbsp;1474058 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;27042 | &nbsp;&nbsp;&nbsp;&nbsp;1848321 |
|  |  | **22536908** |
| &nbsp;&nbsp;**Health Care Equipment & Services 5.1%** | &nbsp;&nbsp;**Health Care Equipment & Services 5.1%** | &nbsp;&nbsp;**Health Care Equipment & Services 5.1%** |
| ABIOMED, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4241 | &nbsp;&nbsp;&nbsp;&nbsp;1069071 |
| Acadia Healthcare Co., Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687310 |
| agilon health, Inc. \* | &nbsp;&nbsp;17917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355653 |
| Align Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7448 | &nbsp;&nbsp;&nbsp;&nbsp;1447146 |
| Amedisys, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295893 |
| AmerisourceBergen Corp. | &nbsp;&nbsp;14015 | &nbsp;&nbsp;&nbsp;&nbsp;2203438 |
| Cardinal Health, Inc. | &nbsp;&nbsp;25863 | &nbsp;&nbsp;&nbsp;&nbsp;1963002 |
| Certara, Inc. \* | &nbsp;&nbsp;10927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133637 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648482 |
| DaVita, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389581 |
| Definitive Healthcare Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48255 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;20372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627865 |
| DexCom, Inc. \* | &nbsp;&nbsp;37181 | &nbsp;&nbsp;&nbsp;&nbsp;4490721 |
| Doximity, Inc., Class A \* | &nbsp;&nbsp;10280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272112 |
| Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505149 |
| Enhabit, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56573 |
| Enovis Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237360 |
| Envista Holdings Corp. \* | &nbsp;&nbsp;15446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509873 |
| Globus Medical, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484611 |
| Guardant Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456687 |
| Henry Schein, Inc. \* | &nbsp;&nbsp;12839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878958 |
| Hologic, Inc. \* | &nbsp;&nbsp;23350 | &nbsp;&nbsp;&nbsp;&nbsp;1583130 |
| ICU Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;1907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283018 |
| IDEXX Laboratories, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7915 | &nbsp;&nbsp;&nbsp;&nbsp;2846867 |

---

<sub>136</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Insulet Corp. \* | &nbsp;&nbsp;6534 | &nbsp;&nbsp;&nbsp;&nbsp;1691065 |
| Integra LifeSciences Holdings Corp. \* | &nbsp;&nbsp;6871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345268 |
| Laboratory Corp. of America Holdings | &nbsp;&nbsp;8578 | &nbsp;&nbsp;&nbsp;&nbsp;1903115 |
| Masimo Corp. \* | &nbsp;&nbsp;4508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593253 |
| Molina Healthcare, Inc. \* | &nbsp;&nbsp;5438 | &nbsp;&nbsp;&nbsp;&nbsp;1951481 |
| Novocure Ltd. \* | &nbsp;&nbsp;9812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693316 |
| Oak Street Health, Inc. \* | 11122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224998 |
| Penumbra, Inc. \* | &nbsp;&nbsp;3388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580940 |
| Premier, Inc., Class A | 11191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390342 |
| Quest Diagnostics, Inc. | 11105 | &nbsp;&nbsp;&nbsp;&nbsp;1595233 |
| QuidelOrtho Corp. \* | &nbsp;&nbsp;4674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419819 |
| ResMed, Inc. | 13716 | &nbsp;&nbsp;&nbsp;&nbsp;3068132 |
| Signify Health, Inc., Class A \* | &nbsp;&nbsp;6728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196660 |
| STERIS plc | &nbsp;&nbsp;9473 | &nbsp;&nbsp;&nbsp;&nbsp;1634850 |
| Tandem Diabetes Care, Inc. \* | &nbsp;&nbsp;6076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341167 |
| Teladoc Health, Inc. \* | 15231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451447 |
| Teleflex, Inc. | &nbsp;&nbsp;4454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955650 |
| Tenet Healthcare Corp. \* | 10071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446750 |
| The Cooper Cos., Inc. | &nbsp;&nbsp;4612 | &nbsp;&nbsp;&nbsp;&nbsp;1260875 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;6020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697537 |
| Veeva Systems, Inc., Class A \* | 13232 | &nbsp;&nbsp;&nbsp;&nbsp;2222182 |
| Zimmer Biomet Holdings, Inc. | 19915 | &nbsp;&nbsp;&nbsp;&nbsp;2257365 |
|  |  | **46395837** |
| &nbsp;&nbsp;**Household & Personal Products 0.5%** | &nbsp;&nbsp;**Household & Personal Products 0.5%** | &nbsp;&nbsp;**Household & Personal Products 0.5%** |
| Church & Dwight Co., Inc. | 23045 | &nbsp;&nbsp;&nbsp;&nbsp;1708326 |
| Coty, Inc., Class A \* | 32930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220960 |
| Olaplex Holdings, Inc. \* | 11624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51146 |
| Reynolds Consumer Products, Inc. | &nbsp;&nbsp;5195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158655 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;3809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175747 |
| The Clorox Co. | 11695 | &nbsp;&nbsp;&nbsp;&nbsp;1707938 |
|  |  | &nbsp;&nbsp;&nbsp;**4022772** |
| &nbsp;&nbsp;**Insurance 4.8%** | &nbsp;&nbsp;**Insurance 4.8%** | &nbsp;&nbsp;**Insurance 4.8%** |
| Aflac, Inc. | 59485 | &nbsp;&nbsp;&nbsp;&nbsp;3873068 |
| American Financial Group, Inc. | &nbsp;&nbsp;6386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926673 |
| Arch Capital Group Ltd. \* | 33620 | &nbsp;&nbsp;&nbsp;&nbsp;1933150 |
| Arthur J. Gallagher & Co. | 19751 | &nbsp;&nbsp;&nbsp;&nbsp;3695017 |
| Assurant, Inc. | &nbsp;&nbsp;5054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686636 |
| Assured Guaranty Ltd. | &nbsp;&nbsp;5630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333240 |
| Axis Capital Holdings Ltd. | &nbsp;&nbsp;7376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403246 |
| Brighthouse Financial, Inc. \* | &nbsp;&nbsp;6742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384766 |
| Brown & Brown, Inc. | 22440 | &nbsp;&nbsp;&nbsp;&nbsp;1319248 |
| Cincinnati Financial Corp. | 14845 | &nbsp;&nbsp;&nbsp;&nbsp;1533785 |
| CNA Financial Corp. | &nbsp;&nbsp;2615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109046 |
| Erie Indemnity Co., Class A | &nbsp;&nbsp;2380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611684 |
| Everest Re Group Ltd. | &nbsp;&nbsp;3693 | &nbsp;&nbsp;&nbsp;&nbsp;1191583 |
| Fidelity National Financial, Inc. | 25032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985760 |
| First American Financial Corp. | &nbsp;&nbsp;9553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481471 |
| Globe Life, Inc. | &nbsp;&nbsp;8487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980418 |
| Kemper Corp. | &nbsp;&nbsp;6051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288451 |
| Lincoln National Corp. | 16102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867415 |
| Loews Corp. | 18921 | &nbsp;&nbsp;&nbsp;&nbsp;1078875 |
| Markel Corp. \* | &nbsp;&nbsp;1268 | &nbsp;&nbsp;&nbsp;&nbsp;1529335 |
| Old Republic International Corp. | 26884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623978 |
| Primerica, Inc. | &nbsp;&nbsp;3523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509778 |
| Principal Financial Group, Inc. | 23409 | &nbsp;&nbsp;&nbsp;&nbsp;2063035 |
| Prudential Financial, Inc. | 35622 | &nbsp;&nbsp;&nbsp;&nbsp;3747078 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;6341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;933205 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;4077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630630 |
| Ryan Specialty Group Holdings, Inc., Class A \* | &nbsp;&nbsp;7822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350817 |
| The Allstate Corp. | 25573 | &nbsp;&nbsp;&nbsp;&nbsp;3228591 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;3351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490888 |
| The Hartford Financial Services Group, Inc. | 30617 | &nbsp;&nbsp;&nbsp;&nbsp;2216977 |
| Unum Group | 19016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866940 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| W.R. Berkley Corp. | &nbsp;&nbsp;19539 | &nbsp;&nbsp;&nbsp;&nbsp;1453311 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379528 |
| Willis Towers Watson plc | &nbsp;&nbsp;10382 | &nbsp;&nbsp;&nbsp;&nbsp;2265456 |
|  |  | **42973079** |
| &nbsp;&nbsp;**Materials 6.1%** | &nbsp;&nbsp;**Materials 6.1%** | &nbsp;&nbsp;**Materials 6.1%** |
| Albemarle Corp. | &nbsp;&nbsp;11110 | &nbsp;&nbsp;&nbsp;&nbsp;3109356 |
| Alcoa Corp. | &nbsp;&nbsp;17075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666437 |
| Amcor plc | 142367 | &nbsp;&nbsp;&nbsp;&nbsp;1648610 |
| AptarGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614730 |
| Ardagh Metal Packaging S.A. *(a)* | &nbsp;&nbsp;14176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62941 |
| Ashland, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503091 |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7728 | &nbsp;&nbsp;&nbsp;&nbsp;1310282 |
| Axalta Coating Systems Ltd. \* | &nbsp;&nbsp;20907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487551 |
| Ball Corp. | &nbsp;&nbsp;29273 | &nbsp;&nbsp;&nbsp;&nbsp;1445793 |
| Berry Global Group, Inc. \* | &nbsp;&nbsp;11862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561310 |
| Celanese Corp. | &nbsp;&nbsp;10279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988017 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;18874 | &nbsp;&nbsp;&nbsp;&nbsp;2005551 |
| Cleveland-Cliffs, Inc. \* | &nbsp;&nbsp;48505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630080 |
| Corteva, Inc. | &nbsp;&nbsp;68789 | &nbsp;&nbsp;&nbsp;&nbsp;4494673 |
| Crown Holdings, Inc. | &nbsp;&nbsp;11034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756822 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;47607 | &nbsp;&nbsp;&nbsp;&nbsp;2723120 |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433711 |
| Eastman Chemical Co. | &nbsp;&nbsp;11616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892225 |
| Element Solutions, Inc. | &nbsp;&nbsp;21691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373085 |
| FMC Corp. | &nbsp;&nbsp;11954 | &nbsp;&nbsp;&nbsp;&nbsp;1421331 |
| Ginkgo Bioworks Holdings, Inc. *\*(a)* | &nbsp;&nbsp;82786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226006 |
| Graphic Packaging Holding Co. | &nbsp;&nbsp;29076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;667585 |
| Huntsman Corp. | &nbsp;&nbsp;18187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486684 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;24193 | &nbsp;&nbsp;&nbsp;&nbsp;2361479 |
| International Paper Co. | &nbsp;&nbsp;34307 | &nbsp;&nbsp;&nbsp;&nbsp;1153058 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394114 |
| LyondellBasell Industries N.V., Class A | &nbsp;&nbsp;24391 | &nbsp;&nbsp;&nbsp;&nbsp;1864692 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5904 | &nbsp;&nbsp;&nbsp;&nbsp;1983626 |
| MP Materials Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;8571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257473 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169822 |
| Nucor Corp. | &nbsp;&nbsp;24839 | &nbsp;&nbsp;&nbsp;&nbsp;3263348 |
| Olin Corp. | &nbsp;&nbsp;12715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673259 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;8769 | &nbsp;&nbsp;&nbsp;&nbsp;1054122 |
| PPG Industries, Inc. | &nbsp;&nbsp;22370 | &nbsp;&nbsp;&nbsp;&nbsp;2554207 |
| Reliance Steel & Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;5694 | &nbsp;&nbsp;&nbsp;&nbsp;1147227 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591886 |
| RPM International, Inc. | &nbsp;&nbsp;12112 | &nbsp;&nbsp;&nbsp;&nbsp;1145432 |
| Sealed Air Corp. | &nbsp;&nbsp;13845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659299 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377649 |
| Sonoco Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;9243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573805 |
| SSR Mining, Inc. | &nbsp;&nbsp;20086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277187 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;16434 | &nbsp;&nbsp;&nbsp;&nbsp;1545618 |
| The Chemours Co. | &nbsp;&nbsp;14650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419430 |
| The Mosaic Co. | &nbsp;&nbsp;32731 | &nbsp;&nbsp;&nbsp;&nbsp;1759291 |
| The Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;3836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176111 |
| United States Steel Corp. | &nbsp;&nbsp;22262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453254 |
| Valvoline, Inc. | &nbsp;&nbsp;16748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491721 |
| Vulcan Materials Co. | &nbsp;&nbsp;12569 | &nbsp;&nbsp;&nbsp;&nbsp;2057545 |
| Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302225 |
| WestRock Co. | &nbsp;&nbsp;24048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819075 |
|  |  | **55034946** |
| &nbsp;&nbsp;**Media & Entertainment 3.5%** | &nbsp;&nbsp;**Media & Entertainment 3.5%** | &nbsp;&nbsp;**Media & Entertainment 3.5%** |
| Altice USA, Inc., Class A \* | &nbsp;&nbsp;19803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130898 |
| AMC Entertainment Holdings, Inc., Class A *\*(a)* | &nbsp;&nbsp;49210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327739 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476984 |
| DISH Network Corp., Class A \* | &nbsp;&nbsp;23860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355753 |
| Electronic Arts, Inc. | &nbsp;&nbsp;26308 | &nbsp;&nbsp;&nbsp;&nbsp;3313756 |
| Fox Corp., Class A | &nbsp;&nbsp;28526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823546 |

---

<sub>137</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Fox Corp., Class B | &nbsp;&nbsp;13558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368777 |
| IAC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359550 |
| Liberty Broadband Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148627 |
| Liberty Broadband Corp., Class C \* | &nbsp;&nbsp;11723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989773 |
| Liberty Media Corp. - Liberty Formula One, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;1975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102739 |
| Liberty Media Corp. - Liberty Formula One, Class C \* | &nbsp;&nbsp;19058 | &nbsp;&nbsp;&nbsp;&nbsp;1100218 |
| Liberty Media Corp. - Liberty SiriusXM, Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;7118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302088 |
| Liberty Media Corp. - Liberty SiriusXM, Class C \* | &nbsp;&nbsp;14680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619349 |
| Live Nation Entertainment, Inc. \* | &nbsp;&nbsp;14618 | &nbsp;&nbsp;&nbsp;&nbsp;1163739 |
| Madison Square Garden Sports Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282838 |
| Match Group, Inc. \* | &nbsp;&nbsp;27044 | &nbsp;&nbsp;&nbsp;&nbsp;1168301 |
| News Corp., Class A | &nbsp;&nbsp;36582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617138 |
| News Corp., Class B | &nbsp;&nbsp;11505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197081 |
| Nexstar Media Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607087 |
| Omnicom Group, Inc. | &nbsp;&nbsp;19305 | &nbsp;&nbsp;&nbsp;&nbsp;1404439 |
| Paramount Global, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17180 |
| Paramount Global, Class B | &nbsp;&nbsp;54786 | &nbsp;&nbsp;&nbsp;&nbsp;1003679 |
| Pinterest, Inc., Class A \* | &nbsp;&nbsp;55274 | &nbsp;&nbsp;&nbsp;&nbsp;1359740 |
| Playtika Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93442 |
| ROBLOX Corp., Class A \* | &nbsp;&nbsp;41782 | &nbsp;&nbsp;&nbsp;&nbsp;1869327 |
| Roku, Inc. \* | &nbsp;&nbsp;11385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632323 |
| Sirius XM Holdings, Inc. *(a)* | &nbsp;&nbsp;66499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401654 |
| Spotify Technology S.A. \* | &nbsp;&nbsp;13289 | &nbsp;&nbsp;&nbsp;&nbsp;1070828 |
| Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;15503 | &nbsp;&nbsp;&nbsp;&nbsp;1836795 |
| The Interpublic Group of Cos., Inc. | &nbsp;&nbsp;37301 | &nbsp;&nbsp;&nbsp;&nbsp;1111197 |
| The New York Times Co., Class A | &nbsp;&nbsp;15566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450791 |
| The Trade Desk, Inc., Class A \* | &nbsp;&nbsp;41654 | &nbsp;&nbsp;&nbsp;&nbsp;2217659 |
| TripAdvisor, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227933 |
| Warner Bros Discovery, Inc. \* | 223931 | &nbsp;&nbsp;&nbsp;&nbsp;2911103 |
| World Wrestling Entertainment, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322897 |
| ZoomInfo Technologies, Inc. \* | &nbsp;&nbsp;26087 | &nbsp;&nbsp;&nbsp;&nbsp;1161654 |
|  |  | **31548622** |
| &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 5.2%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 5.2%** | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences 5.2%** |
| 10X Genomics, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237390 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;28470 | &nbsp;&nbsp;&nbsp;&nbsp;3938824 |
| Alnylam Pharmaceuticals, Inc. \* | &nbsp;&nbsp;11458 | &nbsp;&nbsp;&nbsp;&nbsp;2374785 |
| Avantor, Inc. \* | &nbsp;&nbsp;57892 | &nbsp;&nbsp;&nbsp;&nbsp;1167682 |
| Azenta, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313109 |
| Biogen, Inc. \* | &nbsp;&nbsp;13841 | &nbsp;&nbsp;&nbsp;&nbsp;3923093 |
| BioMarin Pharmaceutical, Inc. \* | &nbsp;&nbsp;17522 | &nbsp;&nbsp;&nbsp;&nbsp;1517931 |
| Bio-Rad Laboratories, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713971 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3693 | &nbsp;&nbsp;&nbsp;&nbsp;1094088 |
| Bruker Corp. | &nbsp;&nbsp;10309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637509 |
| Catalent, Inc. \* | &nbsp;&nbsp;16204 | &nbsp;&nbsp;&nbsp;&nbsp;1065089 |
| Charles River Laboratories International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4786 | &nbsp;&nbsp;&nbsp;&nbsp;1015828 |
| Elanco Animal Health, Inc. \* | &nbsp;&nbsp;42219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556869 |
| Exact Sciences Corp. \* | &nbsp;&nbsp;16560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575957 |
| Exelixis, Inc. \* | &nbsp;&nbsp;29922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496107 |
| Horizon Therapeutics plc \* | &nbsp;&nbsp;21320 | &nbsp;&nbsp;&nbsp;&nbsp;1328662 |
| Incyte Corp. \* | &nbsp;&nbsp;17330 | &nbsp;&nbsp;&nbsp;&nbsp;1288312 |
| Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp;13422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593252 |
| IQVIA Holdings, Inc. \* | &nbsp;&nbsp;17613 | &nbsp;&nbsp;&nbsp;&nbsp;3692918 |
| Jazz Pharmaceuticals plc \* | &nbsp;&nbsp;&nbsp;&nbsp;5784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831681 |
| Maravai LifeSciences Holdings, Inc., Class A \* | &nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172640 |
| Mettler-Toledo International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;2686711 |
| Mirati Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274262 |
| Natera, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383381 |
| Neurocrine Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8998 | &nbsp;&nbsp;&nbsp;&nbsp;1035850 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Novavax, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163774 |
| Organon & Co. | &nbsp;&nbsp;24060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629891 |
| PerkinElmer, Inc. | &nbsp;&nbsp;11974 | &nbsp;&nbsp;&nbsp;&nbsp;1599487 |
| Perrigo Co., plc | &nbsp;&nbsp;12774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514537 |
| QIAGEN N.V. \* | &nbsp;&nbsp;21533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937977 |
| Repligen Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957890 |
| Royalty Pharma plc, Class A | &nbsp;&nbsp;34847 | &nbsp;&nbsp;&nbsp;&nbsp;1474725 |
| Sarepta Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910792 |
| Seagen, Inc. \* | &nbsp;&nbsp;12907 | &nbsp;&nbsp;&nbsp;&nbsp;1641254 |
| Sotera Health Co. \* | &nbsp;&nbsp;&nbsp;&nbsp;9211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63372 |
| Syneos Health, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488787 |
| Ultragenyx Pharmaceutical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255181 |
| United Therapeutics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;4235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976295 |
| Viatris, Inc. | 115027 | &nbsp;&nbsp;&nbsp;&nbsp;1165224 |
| Waters Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5685 | &nbsp;&nbsp;&nbsp;&nbsp;1700781 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7030 | &nbsp;&nbsp;&nbsp;&nbsp;1617603 |
|  |  | **47013471** |
| &nbsp;&nbsp;**Real Estate 7.5%** | &nbsp;&nbsp;**Real Estate 7.5%** | &nbsp;&nbsp;**Real Estate 7.5%** |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;15377 | &nbsp;&nbsp;&nbsp;&nbsp;2234278 |
| American Homes 4 Rent, Class A | &nbsp;&nbsp;28786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919425 |
| Americold Realty Trust, Inc. | &nbsp;&nbsp;25554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619684 |
| Apartment Income REIT Corp. | &nbsp;&nbsp;14612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561539 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;13258 | &nbsp;&nbsp;&nbsp;&nbsp;2321741 |
| Boston Properties, Inc. | &nbsp;&nbsp;14873 | &nbsp;&nbsp;&nbsp;&nbsp;1081267 |
| Brixmor Property Group, Inc. | &nbsp;&nbsp;28345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604032 |
| Camden Property Trust | &nbsp;&nbsp;&nbsp;&nbsp;9839 | &nbsp;&nbsp;&nbsp;&nbsp;1136896 |
| CBRE Group, Inc., Class A \* | &nbsp;&nbsp;30414 | &nbsp;&nbsp;&nbsp;&nbsp;2157569 |
| Cousins Properties, Inc. | &nbsp;&nbsp;14377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341598 |
| CubeSmart | &nbsp;&nbsp;21214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888230 |
| Douglas Emmett, Inc. | &nbsp;&nbsp;16068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282636 |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611874 |
| EPR Properties | &nbsp;&nbsp;&nbsp;&nbsp;6997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270084 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;16857 | &nbsp;&nbsp;&nbsp;&nbsp;1078174 |
| Equity Residential | &nbsp;&nbsp;35152 | &nbsp;&nbsp;&nbsp;&nbsp;2215279 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6169 | &nbsp;&nbsp;&nbsp;&nbsp;1370999 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;12576 | &nbsp;&nbsp;&nbsp;&nbsp;2231485 |
| Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;&nbsp;7621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754327 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;12484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594613 |
| Gaming & Leisure Properties, Inc. | &nbsp;&nbsp;23166 | &nbsp;&nbsp;&nbsp;&nbsp;1161080 |
| Healthcare Realty Trust, Inc. | &nbsp;&nbsp;36043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732754 |
| Healthpeak Properties, Inc. | &nbsp;&nbsp;51174 | &nbsp;&nbsp;&nbsp;&nbsp;1214359 |
| Highwoods Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277953 |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp;67182 | &nbsp;&nbsp;&nbsp;&nbsp;1268396 |
| Hudson Pacific Properties, Inc. | &nbsp;&nbsp;13031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143862 |
| Invitation Homes, Inc. | &nbsp;&nbsp;57924 | &nbsp;&nbsp;&nbsp;&nbsp;1835612 |
| Iron Mountain, Inc. | &nbsp;&nbsp;27394 | &nbsp;&nbsp;&nbsp;&nbsp;1371618 |
| JBG SMITH Properties | &nbsp;&nbsp;10076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198296 |
| Jones Lang LaSalle, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721155 |
| Kilroy Realty Corp. | &nbsp;&nbsp;11004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470311 |
| Kimco Realty Corp. | &nbsp;&nbsp;57313 | &nbsp;&nbsp;&nbsp;&nbsp;1225352 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756747 |
| Life Storage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883221 |
| Medical Properties Trust, Inc. | &nbsp;&nbsp;56477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646662 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;10898 | &nbsp;&nbsp;&nbsp;&nbsp;1715890 |
| National Retail Properties, Inc. | &nbsp;&nbsp;16662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700304 |
| National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp;8035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342773 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;22324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709457 |
| Opendoor Technologies, Inc. \* | &nbsp;&nbsp;43444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112520 |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp;21165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276838 |
| Rayonier, Inc. | &nbsp;&nbsp;13799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465026 |
| Realty Income Corp. | &nbsp;&nbsp;58664 | &nbsp;&nbsp;&nbsp;&nbsp;3653007 |
| Regency Centers Corp. | &nbsp;&nbsp;16261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983953 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;16252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898411 |
| SBA Communications Corp. | &nbsp;&nbsp;10123 | &nbsp;&nbsp;&nbsp;&nbsp;2732198 |
| Simon Property Group, Inc. | &nbsp;&nbsp;30965 | &nbsp;&nbsp;&nbsp;&nbsp;3374566 |
| SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241413 |

---

<sub>138</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Spirit Realty Capital, Inc. | 12858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499276 |
| STORE Capital Corp. | 24147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767875 |
| Sun Communities, Inc. | 11549 | &nbsp;&nbsp;&nbsp;&nbsp;1557383 |
| The Howard Hughes Corp. \* | &nbsp;&nbsp;3497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214541 |
| UDR, Inc. | 30728 | &nbsp;&nbsp;&nbsp;&nbsp;1221745 |
| Ventas, Inc. | 37892 | &nbsp;&nbsp;&nbsp;&nbsp;1482714 |
| VICI Properties, Inc. | 91305 | &nbsp;&nbsp;&nbsp;&nbsp;2923586 |
| Vornado Realty Trust | 16765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395486 |
| Welltower, Inc. | 44037 | &nbsp;&nbsp;&nbsp;&nbsp;2688018 |
| WeWork, Inc., Class A *\*(a)* | 12080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31046 |
| Weyerhaeuser Co. | 70666 | &nbsp;&nbsp;&nbsp;&nbsp;2185699 |
| WP Carey, Inc. | 18144 | &nbsp;&nbsp;&nbsp;&nbsp;1384387 |
| Zillow Group, Inc., Class A \* | &nbsp;&nbsp;5395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166867 |
| Zillow Group, Inc., Class C \* | 15182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468517 |
|  |  | **67376604** |
| &nbsp;&nbsp;**Retailing 4.7%** | &nbsp;&nbsp;**Retailing 4.7%** | &nbsp;&nbsp;**Retailing 4.7%** |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;5796 | &nbsp;&nbsp;&nbsp;&nbsp;1100776 |
| AutoNation, Inc. \* | &nbsp;&nbsp;3612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383992 |
| AutoZone, Inc. \* | &nbsp;&nbsp;1847 | &nbsp;&nbsp;&nbsp;&nbsp;4678229 |
| Bath & Body Works, Inc. | 21720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725014 |
| Best Buy Co., Inc. | 19081 | &nbsp;&nbsp;&nbsp;&nbsp;1305331 |
| Burlington Stores, Inc. \* | &nbsp;&nbsp;6250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893500 |
| CarMax, Inc. \* | 15226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959390 |
| Carvana Co. *\*(a)* | &nbsp;&nbsp;9922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134245 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;5152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586091 |
| Dollar Tree, Inc. \* | 20171 | &nbsp;&nbsp;&nbsp;&nbsp;3197103 |
| DoorDash, Inc., Class A \* | 23722 | &nbsp;&nbsp;&nbsp;&nbsp;1032619 |
| eBay, Inc. | 52182 | &nbsp;&nbsp;&nbsp;&nbsp;2078931 |
| Etsy, Inc. \* | 12002 | &nbsp;&nbsp;&nbsp;&nbsp;1127108 |
| Five Below, Inc. \* | &nbsp;&nbsp;5181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758239 |
| Floor & Decor Holdings, Inc., Class A \* | &nbsp;&nbsp;9799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718953 |
| GameStop Corp., Class A *\*(a)* | 25500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721905 |
| Genuine Parts Co. | 13178 | &nbsp;&nbsp;&nbsp;&nbsp;2343839 |
| Kohl's Corp. | 12174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364611 |
| Leslie's, Inc. \* | 14969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210165 |
| Lithia Motors, Inc. | &nbsp;&nbsp;2569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509047 |
| LKQ Corp. | 24367 | &nbsp;&nbsp;&nbsp;&nbsp;1355780 |
| Macy's, Inc. | 25520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532092 |
| Nordstrom, Inc. | 10610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215807 |
| Ollie's Bargain Outlet Holdings, Inc. \* | &nbsp;&nbsp;5924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331744 |
| O'Reilly Automotive, Inc. \* | &nbsp;&nbsp;5957 | &nbsp;&nbsp;&nbsp;&nbsp;4987022 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;2546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284184 |
| Petco Health & Wellness Co., Inc. \* | &nbsp;&nbsp;7777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81892 |
| Pool Corp. | &nbsp;&nbsp;3661 | &nbsp;&nbsp;&nbsp;&nbsp;1113786 |
| RH \* | &nbsp;&nbsp;1872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475357 |
| Ross Stores, Inc. | 32772 | &nbsp;&nbsp;&nbsp;&nbsp;3135953 |
| The Gap, Inc. | 18711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210873 |
| Tractor Supply Co. | 10617 | &nbsp;&nbsp;&nbsp;&nbsp;2333298 |
| Ulta Beauty, Inc. \* | &nbsp;&nbsp;4878 | &nbsp;&nbsp;&nbsp;&nbsp;2045687 |
| Victoria's Secret & Co. \* | &nbsp;&nbsp;7831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294446 |
| Wayfair, Inc., Class A \* | &nbsp;&nbsp;7401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280646 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;6482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802666 |
|  |  | **42310321** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment 2.2%** |
| Allegro MicroSystems, Inc. \* | &nbsp;&nbsp;6280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159575 |
| Cirrus Logic, Inc. \* | &nbsp;&nbsp;5286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354796 |
| Enphase Energy, Inc. \* | 12424 | &nbsp;&nbsp;&nbsp;&nbsp;3814168 |
| Entegris, Inc. | 14085 | &nbsp;&nbsp;&nbsp;&nbsp;1117504 |
| First Solar, Inc. \* | 10082 | &nbsp;&nbsp;&nbsp;&nbsp;1467637 |
| GLOBALFOUNDRIES, Inc. *\*(a)* | &nbsp;&nbsp;6039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342411 |
| Lattice Semiconductor Corp. \* | 12892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625391 |
| Microchip Technology, Inc. | 51076 | &nbsp;&nbsp;&nbsp;&nbsp;3153432 |
| MKS Instruments, Inc. | &nbsp;&nbsp;5426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445746 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;4307 | &nbsp;&nbsp;&nbsp;&nbsp;1462011 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| ON Semiconductor Corp. \* | &nbsp;&nbsp;41181 | &nbsp;&nbsp;&nbsp;&nbsp;2529749 |
| Qorvo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841088 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;15262 | &nbsp;&nbsp;&nbsp;&nbsp;1312685 |
| Teradyne, Inc. | &nbsp;&nbsp;14864 | &nbsp;&nbsp;&nbsp;&nbsp;1209186 |
| Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392687 |
| Wolfspeed, Inc. \* | &nbsp;&nbsp;10965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863494 |
|  |  | **20091560** |
| &nbsp;&nbsp;**Software & Services 9.1%** | &nbsp;&nbsp;**Software & Services 9.1%** | &nbsp;&nbsp;**Software & Services 9.1%** |
| Affirm Holdings, Inc. \* | &nbsp;&nbsp;16907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339323 |
| Akamai Technologies, Inc. \* | &nbsp;&nbsp;14863 | &nbsp;&nbsp;&nbsp;&nbsp;1312849 |
| Alteryx, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;5648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275227 |
| Amdocs Ltd. | &nbsp;&nbsp;11464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989458 |
| ANSYS, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8257 | &nbsp;&nbsp;&nbsp;&nbsp;1826118 |
| AppLovin Corp., Class A *\*(a)* | &nbsp;&nbsp;20749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351903 |
| Aspen Technology, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618595 |
| Bentley Systems, Inc., Class B | &nbsp;&nbsp;16002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564551 |
| Bill.com Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9261 | &nbsp;&nbsp;&nbsp;&nbsp;1235047 |
| Black Knight, Inc. \* | &nbsp;&nbsp;14667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886913 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;11076 | &nbsp;&nbsp;&nbsp;&nbsp;1662065 |
| Cadence Design Systems, Inc. \* | &nbsp;&nbsp;25899 | &nbsp;&nbsp;&nbsp;&nbsp;3920850 |
| CCC Intelligent Solutions Holdings, Inc. \* | &nbsp;&nbsp;16180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150959 |
| Ceridian HCM Holding, Inc. \* | &nbsp;&nbsp;12989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859742 |
| Cloudflare, Inc., Class A \* | &nbsp;&nbsp;26522 | &nbsp;&nbsp;&nbsp;&nbsp;1493719 |
| Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499554 |
| Confluent, Inc., Class A \* | &nbsp;&nbsp;11762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316163 |
| Coupa Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379796 |
| Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp;19959 | &nbsp;&nbsp;&nbsp;&nbsp;3217391 |
| Datadog, Inc., Class A \* | &nbsp;&nbsp;25202 | &nbsp;&nbsp;&nbsp;&nbsp;2029013 |
| DocuSign, Inc. \* | &nbsp;&nbsp;18751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905673 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387137 |
| DoubleVerify Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175965 |
| Dropbox, Inc., Class A \* | &nbsp;&nbsp;25983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565130 |
| DXC Technology Co. \* | &nbsp;&nbsp;21789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626434 |
| Dynatrace, Inc. \* | &nbsp;&nbsp;18893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665789 |
| Elastic N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;7344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469649 |
| EPAM Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5210 | &nbsp;&nbsp;&nbsp;&nbsp;1823500 |
| Euronet Worldwide, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376953 |
| Fair Isaac Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;2330 | &nbsp;&nbsp;&nbsp;&nbsp;1115697 |
| Five9, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393859 |
| FleetCor Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6932 | &nbsp;&nbsp;&nbsp;&nbsp;1290184 |
| Fortinet, Inc. \* | &nbsp;&nbsp;61258 | &nbsp;&nbsp;&nbsp;&nbsp;3501507 |
| Gartner, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7285 | &nbsp;&nbsp;&nbsp;&nbsp;2199487 |
| Genpact Ltd. | &nbsp;&nbsp;17135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831047 |
| Global Payments, Inc. | &nbsp;&nbsp;26112 | &nbsp;&nbsp;&nbsp;&nbsp;2983557 |
| Globant S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;3865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729248 |
| GoDaddy, Inc., Class A \* | &nbsp;&nbsp;14851 | &nbsp;&nbsp;&nbsp;&nbsp;1194020 |
| Guidewire Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472666 |
| HubSpot, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4322 | &nbsp;&nbsp;&nbsp;&nbsp;1281732 |
| Informatica, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;3469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67160 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6888 | &nbsp;&nbsp;&nbsp;&nbsp;1371125 |
| Jamf Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;6225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147346 |
| Kyndryl Holdings, Inc. \* | &nbsp;&nbsp;19109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184784 |
| Manhattan Associates, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724667 |
| MongoDB, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6190 | &nbsp;&nbsp;&nbsp;&nbsp;1132956 |
| nCino, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208933 |
| NCR Corp. \* | &nbsp;&nbsp;12058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256353 |
| New Relic, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294601 |
| NortonLifeLock, Inc. | &nbsp;&nbsp;54218 | &nbsp;&nbsp;&nbsp;&nbsp;1221532 |
| Nutanix, Inc., Class A \* | &nbsp;&nbsp;20287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555864 |
| Okta, Inc. \* | &nbsp;&nbsp;14159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794603 |
| Palantir Technologies, Inc., Class A \* | 171693 | &nbsp;&nbsp;&nbsp;&nbsp;1509181 |
| Paychex, Inc. | &nbsp;&nbsp;30622 | &nbsp;&nbsp;&nbsp;&nbsp;3622889 |
| Paycom Software, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4859 | &nbsp;&nbsp;&nbsp;&nbsp;1681214 |
| Paycor HCM, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136262 |
| Paylocity Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873385 |
| Pegasystems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146607 |

---

<sub>139</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Procore Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361740 |
| PTC, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9996 | &nbsp;&nbsp;&nbsp;&nbsp;1177829 |
| RingCentral, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;8048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285865 |
| SentinelOne, Inc., Class A \* | &nbsp;&nbsp;17525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400271 |
| Shift4 Payments, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221024 |
| Smartsheet, Inc., Class A \* | &nbsp;&nbsp;11865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414326 |
| Splunk, Inc. \* | &nbsp;&nbsp;15277 | &nbsp;&nbsp;&nbsp;&nbsp;1269671 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;21182 | &nbsp;&nbsp;&nbsp;&nbsp;1089178 |
| Switch, Inc., Class A | &nbsp;&nbsp;13858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471865 |
| Synopsys, Inc. \* | &nbsp;&nbsp;14474 | &nbsp;&nbsp;&nbsp;&nbsp;4234369 |
| Teradata Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;9685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305949 |
| The Western Union Co. | &nbsp;&nbsp;36599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494452 |
| Thoughtworks Holding, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78965 |
| Toast, Inc., Class A \* | &nbsp;&nbsp;23530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519778 |
| Twilio, Inc., Class A \* | &nbsp;&nbsp;16281 | &nbsp;&nbsp;&nbsp;&nbsp;1210818 |
| Tyler Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;3906 | &nbsp;&nbsp;&nbsp;&nbsp;1262927 |
| UiPath, Inc., Class A \* | &nbsp;&nbsp;35350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447177 |
| Unity Software, Inc. \* | &nbsp;&nbsp;19798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584041 |
| VeriSign, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;8912 | &nbsp;&nbsp;&nbsp;&nbsp;1786500 |
| WEX, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685613 |
| Wix.com Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;5082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427396 |
| Zendesk, Inc. \* | &nbsp;&nbsp;11537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;884773 |
| Zoom Video Communications, Inc., Class A \* | &nbsp;&nbsp;23973 | &nbsp;&nbsp;&nbsp;&nbsp;2000307 |
| Zscaler, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;7900 | &nbsp;&nbsp;&nbsp;&nbsp;1217390 |
|  |  | **81680156** |
| &nbsp;&nbsp;**Technology Hardware & Equipment 4.4%** | &nbsp;&nbsp;**Technology Hardware & Equipment 4.4%** | &nbsp;&nbsp;**Technology Hardware & Equipment 4.4%** |
| Amphenol Corp., Class A | &nbsp;&nbsp;55598 | &nbsp;&nbsp;&nbsp;&nbsp;4215996 |
| Arista Networks, Inc. \* | &nbsp;&nbsp;23358 | &nbsp;&nbsp;&nbsp;&nbsp;2823048 |
| Arrow Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613028 |
| Avnet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359781 |
| CDW Corp. | &nbsp;&nbsp;12833 | &nbsp;&nbsp;&nbsp;&nbsp;2217671 |
| Ciena Corp. \* | &nbsp;&nbsp;14159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678216 |
| Cognex Corp. | &nbsp;&nbsp;16492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762425 |
| Coherent Corp. \* | &nbsp;&nbsp;12088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406278 |
| Corning, Inc. | &nbsp;&nbsp;71673 | &nbsp;&nbsp;&nbsp;&nbsp;2305720 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;24584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;944026 |
| F5, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;5651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807584 |
| Hewlett Packard Enterprise Co. | 123263 | &nbsp;&nbsp;&nbsp;&nbsp;1758963 |
| HP, Inc. | &nbsp;&nbsp;98214 | &nbsp;&nbsp;&nbsp;&nbsp;2712671 |
| IPG Photonics Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;3185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272827 |
| Jabil, Inc. | &nbsp;&nbsp;12743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818738 |
| Juniper Networks, Inc. | &nbsp;&nbsp;30343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928496 |
| Keysight Technologies, Inc. \* | &nbsp;&nbsp;17014 | &nbsp;&nbsp;&nbsp;&nbsp;2962988 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504152 |
| Lumentum Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486084 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;15630 | &nbsp;&nbsp;&nbsp;&nbsp;3902967 |
| National Instruments Corp. | &nbsp;&nbsp;12380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472668 |
| NetApp, Inc. | &nbsp;&nbsp;20850 | &nbsp;&nbsp;&nbsp;&nbsp;1444280 |
| Pure Storage, Inc., Class A \* | &nbsp;&nbsp;26717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824487 |
| TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370158 |
| Teledyne Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;4396 | &nbsp;&nbsp;&nbsp;&nbsp;1749520 |
| Trimble, Inc. \* | &nbsp;&nbsp;23703 | &nbsp;&nbsp;&nbsp;&nbsp;1425972 |
| Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196607 |
| ViaSat, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;6831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279798 |
| Vontier Corp. | &nbsp;&nbsp;14973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285984 |
| Western Digital Corp. \* | &nbsp;&nbsp;29752 | &nbsp;&nbsp;&nbsp;&nbsp;1022576 |
| Zebra Technologies Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;4898 | &nbsp;&nbsp;&nbsp;&nbsp;1387212 |
|  |  | **39940921** |
| &nbsp;&nbsp;**Telecommunication Services 0.1%** | &nbsp;&nbsp;**Telecommunication Services 0.1%** | &nbsp;&nbsp;**Telecommunication Services 0.1%** |
| Frontier Communications Parent, Inc. \* | &nbsp;&nbsp;23247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544445 |
| Lumen Technologies, Inc. | &nbsp;&nbsp;97593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718284 |
|  |  | &nbsp;&nbsp;&nbsp;**1262729** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Transportation 2.1%** | &nbsp;&nbsp;**Transportation 2.1%** | &nbsp;&nbsp;**Transportation 2.1%** |
| Alaska Air Group, Inc. \* | &nbsp;&nbsp;11709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520582 |
| AMERCO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491212 |
| American Airlines Group, Inc. \* | &nbsp;&nbsp;61332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869688 |
| Avis Budget Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;2828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668709 |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;11591 | &nbsp;&nbsp;&nbsp;&nbsp;1132673 |
| Copa Holdings S.A., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;2739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206055 |
| Delta Air Lines, Inc. \* | &nbsp;&nbsp;60743 | &nbsp;&nbsp;&nbsp;&nbsp;2061010 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;15479 | &nbsp;&nbsp;&nbsp;&nbsp;1514620 |
| GXO Logistics, Inc. \* | &nbsp;&nbsp;10050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367227 |
| Hertz Global Holdings, Inc. \* | &nbsp;&nbsp;19390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356776 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7916 | &nbsp;&nbsp;&nbsp;&nbsp;1354190 |
| JetBlue Airways Corp. \* | &nbsp;&nbsp;30519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245373 |
| Kirby Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp;5648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393948 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;14815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711564 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535835 |
| Lyft, Inc., Class A \* | &nbsp;&nbsp;29441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431016 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9539 | &nbsp;&nbsp;&nbsp;&nbsp;2619409 |
| Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376545 |
| Schneider National, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;5090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113202 |
| Southwest Airlines Co. \* | &nbsp;&nbsp;56203 | &nbsp;&nbsp;&nbsp;&nbsp;2042979 |
| United Airlines Holdings, Inc. \* | &nbsp;&nbsp;30951 | &nbsp;&nbsp;&nbsp;&nbsp;1333369 |
| XPO Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;9743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504103 |
|  |  | &nbsp;&nbsp;&nbsp;**18850085** |
| &nbsp;&nbsp;**Utilities 5.6%** | &nbsp;&nbsp;**Utilities 5.6%** | &nbsp;&nbsp;**Utilities 5.6%** |
| Alliant Energy Corp. | &nbsp;&nbsp;23792 | &nbsp;&nbsp;&nbsp;&nbsp;1241229 |
| Ameren Corp. | &nbsp;&nbsp;24437 | &nbsp;&nbsp;&nbsp;&nbsp;1992104 |
| American Water Works Co., Inc. | &nbsp;&nbsp;17271 | &nbsp;&nbsp;&nbsp;&nbsp;2510167 |
| Atmos Energy Corp. | &nbsp;&nbsp;13093 | &nbsp;&nbsp;&nbsp;&nbsp;1395059 |
| Avangrid, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272312 |
| Brookfield Renewable Corp., Class A | &nbsp;&nbsp;12122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376146 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;59801 | &nbsp;&nbsp;&nbsp;&nbsp;1710907 |
| CMS Energy Corp. | &nbsp;&nbsp;27488 | &nbsp;&nbsp;&nbsp;&nbsp;1568190 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;33686 | &nbsp;&nbsp;&nbsp;&nbsp;2963021 |
| Constellation Energy Corp. | &nbsp;&nbsp;30998 | &nbsp;&nbsp;&nbsp;&nbsp;2930551 |
| DTE Energy Co. | &nbsp;&nbsp;18313 | &nbsp;&nbsp;&nbsp;&nbsp;2053070 |
| Edison International | &nbsp;&nbsp;35690 | &nbsp;&nbsp;&nbsp;&nbsp;2142828 |
| Entergy Corp. | &nbsp;&nbsp;19269 | &nbsp;&nbsp;&nbsp;&nbsp;2064481 |
| Essential Utilities, Inc. | &nbsp;&nbsp;21959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971027 |
| Evergy, Inc. | &nbsp;&nbsp;21099 | &nbsp;&nbsp;&nbsp;&nbsp;1289782 |
| Eversource Energy | &nbsp;&nbsp;32714 | &nbsp;&nbsp;&nbsp;&nbsp;2495424 |
| FirstEnergy Corp. | &nbsp;&nbsp;51546 | &nbsp;&nbsp;&nbsp;&nbsp;1943800 |
| Hawaiian Electric Industries, Inc. | &nbsp;&nbsp;10347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393600 |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498895 |
| National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp;8316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561247 |
| NiSource, Inc. | &nbsp;&nbsp;38559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990581 |
| NRG Energy, Inc. | &nbsp;&nbsp;22393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994249 |
| OGE Energy Corp. | &nbsp;&nbsp;18966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694725 |
| PG&E Corp. \* | 147242 | &nbsp;&nbsp;&nbsp;&nbsp;2198323 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;10726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720894 |
| PPL Corp. | &nbsp;&nbsp;69950 | &nbsp;&nbsp;&nbsp;&nbsp;1852975 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp;47271 | &nbsp;&nbsp;&nbsp;&nbsp;2650485 |
| The AES Corp. | &nbsp;&nbsp;63323 | &nbsp;&nbsp;&nbsp;&nbsp;1656530 |
| UGI Corp. | &nbsp;&nbsp;19874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702148 |
| Vistra Corp. | &nbsp;&nbsp;39019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896266 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;29961 | &nbsp;&nbsp;&nbsp;&nbsp;2736338 |
| Xcel Energy, Inc. | &nbsp;&nbsp;51771 | &nbsp;&nbsp;&nbsp;&nbsp;3370810 |
|  |  | &nbsp;&nbsp;&nbsp;**50838164** |
| **Total Common Stocks<br> (Cost $821,431,306)** | **Total Common Stocks<br> (Cost $821,431,306)** | **893523191** |

---

<sub>140</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **INVESTMENT COMPANIES 0.1% OF NET ASSETS** | **INVESTMENT COMPANIES 0.1% OF NET ASSETS** | **INVESTMENT COMPANIES 0.1% OF NET ASSETS** |
| &nbsp;&nbsp;**Equity Funds 0.1%** | &nbsp;&nbsp;**Equity Funds 0.1%** | &nbsp;&nbsp;**Equity Funds 0.1%** |
| iShares Russell Mid-Cap ETF | 12700 | **858647** |
| **Total Investment Companies<br> (Cost $807,601)** | **Total Investment Companies<br> (Cost $807,601)** | **858647** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS** | **SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS** |
| &nbsp;&nbsp;**Money Market Funds 0.8%** | &nbsp;&nbsp;**Money Market Funds 0.8%** | &nbsp;&nbsp;**Money Market Funds 0.8%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(b)* | 3134420 | &nbsp;&nbsp;&nbsp;&nbsp;3134420 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(b)(c)* | 3709990 | &nbsp;&nbsp;&nbsp;&nbsp;3709990 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**6844410** |
| **Total Short-Term Investments<br> (Cost $6,844,410)** | **Total Short-Term Investments<br> (Cost $6,844,410)** | &nbsp;&nbsp;&nbsp;&nbsp;**6844410** |
| **Total Investments in Securities<br> (Cost $829,083,317)** | **Total Investments in Securities<br> (Cost $829,083,317)** | **901226248** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| S&P 400 Mid-Cap Index, e-mini, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8782560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**205754** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $3,617,681.

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

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

ETF — Exchange traded fund <br> REIT — Real Estate Investment Trust

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;$893523191 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$893523191 |
| Investment Companies<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858647 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858647 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6844410 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6844410 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205754 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205754 |
| **Total** | **$901432002** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$901432002** |

---

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the underlying securities held by the underlying mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.

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Schwab U.S. Mid-Cap Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated (cost $829,083,317) including securities on loan of $3,617,681 |  | &nbsp;&nbsp;$901226248 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3838173 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432000 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1518788 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16907 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**907655768** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3709990 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4915 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4352735** |
| **Net assets** |  | **$903303033** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;$846432597 |
| Total distributable earnings | + | &nbsp;&nbsp;&nbsp;&nbsp;56870436 |
| **Net assets** |  | **$903303033** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $903303033 |  | 17423547 |  | $51.84 |

---

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $4,217) |  | &nbsp;&nbsp;&nbsp;&nbsp;$12898234 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151822 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;**13050056** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358330 |
| Proxy fees<sup>1</sup> | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40371 |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**398701** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;**12651355** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;(10054896) |
| Net realized gains on sales of in-kind redemptions - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10883121 |
| Net realized losses on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(840379) |
| **Net realized losses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(12154)** |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(182868180) |
| Net change in unrealized appreciation (depreciation) on futures contracts | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205753 |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(182662427)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(182674581)** |
| **Decrease in net assets resulting from operations** |  | **($170023226)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab U.S. Mid-Cap Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;$12651355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8467009 |
| Net realized gains (losses) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12154) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17872949 |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(182662427) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208470779 |
| **Increase (decrease) in net assets resulting from operations** |  | **($170023226)** | &nbsp;&nbsp;&nbsp;**$234810737** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;**($26457808)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**($8319433)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;6524271 | &nbsp;&nbsp;&nbsp;&nbsp;$369067984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5533289 | &nbsp;&nbsp;&nbsp;&nbsp;$322845672 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;355335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21909932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7065741 |
| Shares redeemed | + | &nbsp;&nbsp;(3277725) | &nbsp;&nbsp;&nbsp;&nbsp;(181890798) | &nbsp;&nbsp;&nbsp;&nbsp;(2583256) | &nbsp;&nbsp;&nbsp;&nbsp;(148682619) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;**3601881** | &nbsp;&nbsp;&nbsp;**$209087118** | &nbsp;&nbsp;&nbsp;&nbsp;**3084184** | &nbsp;&nbsp;&nbsp;**$181228794** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;13821666 | &nbsp;&nbsp;&nbsp;&nbsp;$890696949 | &nbsp;&nbsp;&nbsp;&nbsp;10737482 | &nbsp;&nbsp;&nbsp;&nbsp;$482976851 |
| Total increase | + | &nbsp;&nbsp;&nbsp;3601881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12606084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3084184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407720098 |
| **End of period** |  | **17423547** | &nbsp;&nbsp;&nbsp;**$903303033** | &nbsp;&nbsp;&nbsp;**13821666** | &nbsp;&nbsp;&nbsp;**$890696949** |

---

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[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Financial Statements

#### FINANCIAL HIGHLIGHTS

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;11/1/21– <br> 10/31/22 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/20– <br> 10/31/21 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/19– <br> 10/31/20 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/18– <br> 10/31/19 | &nbsp;&nbsp;&nbsp;&nbsp;11/1/17– <br> 10/31/18 |
| **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;$24.45 | &nbsp;&nbsp;$18.56 | &nbsp;&nbsp;$20.48 | &nbsp;&nbsp;$19.00 | &nbsp;&nbsp;$21.01 |
| Income (loss) from investment operations: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss)<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.47 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gains (losses) | &nbsp;&nbsp;&nbsp;&nbsp;(6.14) | &nbsp;&nbsp;&nbsp;&nbsp;5.66 | &nbsp;&nbsp;&nbsp;&nbsp;(1.75) | &nbsp;&nbsp;&nbsp;&nbsp;1.39 | &nbsp;&nbsp;&nbsp;&nbsp;(2.06) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.49) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.28) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.44) |
| Less distributions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net investment income | &nbsp;&nbsp;&nbsp;&nbsp;(0.79) | &nbsp;&nbsp;&nbsp;&nbsp;(0.41) | &nbsp;&nbsp;&nbsp;&nbsp;(0.64) | &nbsp;&nbsp;&nbsp;&nbsp;(0.55) | &nbsp;&nbsp;&nbsp;&nbsp;(0.57) |
| Net asset value at end of period | &nbsp;&nbsp;$18.17 | &nbsp;&nbsp;$24.45 | &nbsp;&nbsp;$18.56 | &nbsp;&nbsp;$20.48 | &nbsp;&nbsp;$19.00 |
| Total return | &nbsp;&nbsp;&nbsp;(23.12%) | &nbsp;&nbsp;&nbsp;&nbsp;34.24% | &nbsp;&nbsp;&nbsp;&nbsp;(6.56%) | &nbsp;&nbsp;&nbsp;&nbsp;11.27% | &nbsp;&nbsp;&nbsp;&nbsp;(7.11%) |
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | &nbsp;&nbsp;&nbsp;&nbsp;0.06% <sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.06% | &nbsp;&nbsp;&nbsp;&nbsp;0.06% | &nbsp;&nbsp;&nbsp;&nbsp;0.06% | &nbsp;&nbsp;&nbsp;&nbsp;0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;3.12% | &nbsp;&nbsp;&nbsp;&nbsp;2.76% | &nbsp;&nbsp;&nbsp;&nbsp;2.47% | &nbsp;&nbsp;&nbsp;&nbsp;3.32% | &nbsp;&nbsp;&nbsp;&nbsp;2.99% |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% |
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp;$7127 | &nbsp;&nbsp;$8781 | &nbsp;&nbsp;$5937 | &nbsp;&nbsp;$5443 | &nbsp;&nbsp;$4314 |

---

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

<sup>2</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

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Schwab International Index Fund

## Portfolio Holdings as of October 31, 2022<br>

------

This section shows all the securities in the fund's portfolio and their values as of the report date.

The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT Part F. The fund's Form N-PORT Part F is available on the SEC's website at www.sec.gov. You can also obtain this information at no cost on the fund's website at www.schwabassetmanagement.com/schwabfunds_prospectus, by calling 1-866-414-6349, or by sending an email request to orders@mysummaryprospectus.com.The fund also makes available its complete schedule of portfolio holdings 15 to 20 days after the end of the month on the fund's website.

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| **COMMON STOCKS 98.9% OF NET ASSETS** | **COMMON STOCKS 98.9% OF NET ASSETS** | **COMMON STOCKS 98.9% OF NET ASSETS** |
| &nbsp;&nbsp;**Australia 8.0%** | &nbsp;&nbsp;**Australia 8.0%** | &nbsp;&nbsp;**Australia 8.0%** |
| Ampol Ltd. | &nbsp;&nbsp;&nbsp;131702 | &nbsp;&nbsp;&nbsp;2297121 |
| APA Group | &nbsp;&nbsp;&nbsp;641504 | &nbsp;&nbsp;&nbsp;4318854 |
| Aristocrat Leisure Ltd. | &nbsp;&nbsp;&nbsp;333128 | &nbsp;&nbsp;&nbsp;7907106 |
| ASX Ltd. | &nbsp;&nbsp;&nbsp;106960 | &nbsp;&nbsp;&nbsp;4634413 |
| Aurizon Holdings Ltd. | 1026246 | &nbsp;&nbsp;&nbsp;2378188 |
| Australia & New Zealand Banking Group Ltd. | 1639871 | 26867217 |
| BHP Group Ltd. | 2786149 | 66923865 |
| BlueScope Steel Ltd. | &nbsp;&nbsp;&nbsp;269571 | &nbsp;&nbsp;&nbsp;2714573 |
| Brambles Ltd. | &nbsp;&nbsp;&nbsp;795373 | &nbsp;&nbsp;&nbsp;5954746 |
| Cochlear Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;36102 | &nbsp;&nbsp;&nbsp;4611800 |
| Coles Group Ltd. | &nbsp;&nbsp;&nbsp;731305 | &nbsp;&nbsp;&nbsp;7646275 |
| Commonwealth Bank of Australia | &nbsp;&nbsp;&nbsp;939056 | 62960648 |
| Computershare Ltd. | &nbsp;&nbsp;&nbsp;296274 | &nbsp;&nbsp;&nbsp;4796095 |
| CSL Ltd. | &nbsp;&nbsp;&nbsp;265041 | 47446422 |
| Dexus | &nbsp;&nbsp;&nbsp;596704 | &nbsp;&nbsp;&nbsp;2973437 |
| Domino's Pizza Enterprises Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;34554 | &nbsp;&nbsp;&nbsp;1408893 |
| Endeavour Group Ltd. | &nbsp;&nbsp;&nbsp;748673 | &nbsp;&nbsp;&nbsp;3426902 |
| Evolution Mining Ltd. | 1007495 | &nbsp;&nbsp;&nbsp;1336492 |
| Fortescue Metals Group Ltd. | &nbsp;&nbsp;&nbsp;927963 | &nbsp;&nbsp;&nbsp;8742341 |
| Goodman Group | &nbsp;&nbsp;&nbsp;924275 | 10056763 |
| IDP Education Ltd. | &nbsp;&nbsp;&nbsp;115772 | &nbsp;&nbsp;&nbsp;2184246 |
| Insurance Australia Group Ltd. | 1354263 | &nbsp;&nbsp;&nbsp;4250945 |
| James Hardie Industries plc | &nbsp;&nbsp;&nbsp;243697 | &nbsp;&nbsp;&nbsp;5320632 |
| Lendlease Corp., Ltd. | &nbsp;&nbsp;&nbsp;373987 | &nbsp;&nbsp;&nbsp;2079652 |
| Macquarie Group Ltd. | &nbsp;&nbsp;&nbsp;200226 | 21721076 |
| Medibank Pvt Ltd. | 1536064 | &nbsp;&nbsp;&nbsp;2765941 |
| Mineral Resources Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;93374 | &nbsp;&nbsp;&nbsp;4377539 |
| Mirvac Group | 2135777 | &nbsp;&nbsp;&nbsp;2829830 |
| National Australia Bank Ltd. | 1766656 | 36697053 |
| Newcrest Mining Ltd. | &nbsp;&nbsp;&nbsp;494120 | &nbsp;&nbsp;&nbsp;5472515 |
| Northern Star Resources Ltd. | &nbsp;&nbsp;&nbsp;649434 | &nbsp;&nbsp;&nbsp;3624555 |
| Orica Ltd. | &nbsp;&nbsp;&nbsp;248946 | &nbsp;&nbsp;&nbsp;2214434 |
| Origin Energy Ltd. | &nbsp;&nbsp;&nbsp;980978 | &nbsp;&nbsp;&nbsp;3504619 |
| Qantas Airways Ltd. \* | &nbsp;&nbsp;&nbsp;502682 | &nbsp;&nbsp;&nbsp;1878405 |
| QBE Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;813559 | &nbsp;&nbsp;&nbsp;6374203 |
| Ramsay Health Care Ltd. | &nbsp;&nbsp;&nbsp;101069 | &nbsp;&nbsp;&nbsp;3791012 |
| REA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;29206 | &nbsp;&nbsp;&nbsp;2263636 |
| Reece Ltd. | &nbsp;&nbsp;&nbsp;129087 | &nbsp;&nbsp;&nbsp;1281817 |
| Rio Tinto Ltd. | &nbsp;&nbsp;&nbsp;204336 | 11595985 |
| Santos Ltd. | 1763257 | &nbsp;&nbsp;&nbsp;8607615 |
| Scentre Group | 2838495 | &nbsp;&nbsp;&nbsp;5282498 |
| SEEK Ltd. | &nbsp;&nbsp;&nbsp;189236 | &nbsp;&nbsp;&nbsp;2604997 |
| Sonic Healthcare Ltd. | &nbsp;&nbsp;&nbsp;252123 | &nbsp;&nbsp;&nbsp;5278317 |
| South32 Ltd. | 2535554 | &nbsp;&nbsp;&nbsp;5817240 |
| Stockland | 1296282 | &nbsp;&nbsp;&nbsp;2986761 |
| Suncorp Group Ltd. | &nbsp;&nbsp;&nbsp;699610 | &nbsp;&nbsp;&nbsp;5117654 |
| Telstra Group Ltd. | 2250199 | &nbsp;&nbsp;&nbsp;5642212 |
| The GPT Group | 1061761 | &nbsp;&nbsp;&nbsp;2934246 |
| The Lottery Corp., Ltd. \* | 1229691 | &nbsp;&nbsp;&nbsp;3373495 |
| Transurban Group | 1686565 | 14307040 |
| Treasury Wine Estates Ltd. | &nbsp;&nbsp;&nbsp;392088 | &nbsp;&nbsp;&nbsp;3249144 |
| Vicinity Ltd. | 2129427 | &nbsp;&nbsp;&nbsp;2654678 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Washington H Soul Pattinson & Co., Ltd. | &nbsp;&nbsp;&nbsp;117853 | &nbsp;&nbsp;&nbsp;&nbsp;2109104 |
| Wesfarmers Ltd. | &nbsp;&nbsp;&nbsp;623373 | &nbsp;&nbsp;&nbsp;&nbsp;18089675 |
| Westpac Banking Corp. | 1926745 | &nbsp;&nbsp;&nbsp;&nbsp;29750794 |
| WiseTech Global Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;79553 | &nbsp;&nbsp;&nbsp;&nbsp;2942108 |
| Woodside Energy Group Ltd. | 1044892 | &nbsp;&nbsp;&nbsp;&nbsp;24156281 |
| Woolworths Group Ltd. | &nbsp;&nbsp;&nbsp;667940 | &nbsp;&nbsp;&nbsp;&nbsp;14105409 |
| Xero Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;74906 | &nbsp;&nbsp;&nbsp;&nbsp;3719733 |
|  |  | **566359247** |
| &nbsp;&nbsp;**Austria 0.2%** | &nbsp;&nbsp;**Austria 0.2%** | &nbsp;&nbsp;**Austria 0.2%** |
| Erste Group Bank AG | &nbsp;&nbsp;&nbsp;191173 | &nbsp;&nbsp;&nbsp;&nbsp;4711446 |
| OMV AG | &nbsp;&nbsp;&nbsp;&nbsp;80765 | &nbsp;&nbsp;&nbsp;&nbsp;3718690 |
| Verbund AG | &nbsp;&nbsp;&nbsp;&nbsp;37526 | &nbsp;&nbsp;&nbsp;&nbsp;2939593 |
| Voestalpine AG | &nbsp;&nbsp;&nbsp;&nbsp;64382 | &nbsp;&nbsp;&nbsp;&nbsp;1397751 |
|  |  | &nbsp;&nbsp;&nbsp;**12767480** |
| &nbsp;&nbsp;**Belgium 1.0%** | &nbsp;&nbsp;**Belgium 1.0%** | &nbsp;&nbsp;**Belgium 1.0%** |
| Ageas S.A./N.V. | &nbsp;&nbsp;&nbsp;&nbsp;89235 | &nbsp;&nbsp;&nbsp;&nbsp;3089153 |
| Anheuser-Busch InBev S.A./N.V. | &nbsp;&nbsp;&nbsp;478128 | &nbsp;&nbsp;&nbsp;&nbsp;23916147 |
| Argenx SE \* | &nbsp;&nbsp;&nbsp;&nbsp;30283 | &nbsp;&nbsp;&nbsp;&nbsp;11757386 |
| D'ieteren Group | &nbsp;&nbsp;&nbsp;&nbsp;13714 | &nbsp;&nbsp;&nbsp;&nbsp;2282394 |
| Elia Group S.A./N.V. | &nbsp;&nbsp;&nbsp;&nbsp;18191 | &nbsp;&nbsp;&nbsp;&nbsp;2299930 |
| Groupe Bruxelles Lambert N.V. | &nbsp;&nbsp;&nbsp;&nbsp;54704 | &nbsp;&nbsp;&nbsp;&nbsp;4033128 |
| KBC Group N.V. | &nbsp;&nbsp;&nbsp;136757 | &nbsp;&nbsp;&nbsp;&nbsp;6853677 |
| Proximus SADP | &nbsp;&nbsp;&nbsp;&nbsp;82234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862119 |
| Sofina S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8344 | &nbsp;&nbsp;&nbsp;&nbsp;1627070 |
| Solvay S.A. | &nbsp;&nbsp;&nbsp;&nbsp;40432 | &nbsp;&nbsp;&nbsp;&nbsp;3648618 |
| UCB S.A. | &nbsp;&nbsp;&nbsp;&nbsp;70116 | &nbsp;&nbsp;&nbsp;&nbsp;5284487 |
| Umicore S.A. | &nbsp;&nbsp;&nbsp;114431 | &nbsp;&nbsp;&nbsp;&nbsp;3772322 |
| Warehouses De Pauw CVA | &nbsp;&nbsp;&nbsp;&nbsp;81156 | &nbsp;&nbsp;&nbsp;&nbsp;2082943 |
|  |  | &nbsp;&nbsp;&nbsp;**71509374** |
| &nbsp;&nbsp;**Denmark 2.7%** | &nbsp;&nbsp;**Denmark 2.7%** | &nbsp;&nbsp;**Denmark 2.7%** |
| AP Moller - Maersk A/S, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1693 | &nbsp;&nbsp;&nbsp;&nbsp;3387159 |
| AP Moller - Maersk A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2767 | &nbsp;&nbsp;&nbsp;&nbsp;5780736 |
| Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;53545 | &nbsp;&nbsp;&nbsp;&nbsp;6304688 |
| Chr. Hansen Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;58758 | &nbsp;&nbsp;&nbsp;&nbsp;3263480 |
| Coloplast A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;65008 | &nbsp;&nbsp;&nbsp;&nbsp;7246452 |
| Danske Bank A/S | &nbsp;&nbsp;&nbsp;376681 | &nbsp;&nbsp;&nbsp;&nbsp;6076235 |
| Demant A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;49414 | &nbsp;&nbsp;&nbsp;&nbsp;1349361 |
| DSV A/S | &nbsp;&nbsp;&nbsp;103243 | &nbsp;&nbsp;&nbsp;&nbsp;13951045 |
| Genmab A/S \* | &nbsp;&nbsp;&nbsp;&nbsp;36202 | &nbsp;&nbsp;&nbsp;&nbsp;13945284 |
| GN Store Nord A/S | &nbsp;&nbsp;&nbsp;&nbsp;69369 | &nbsp;&nbsp;&nbsp;&nbsp;1474183 |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp;&nbsp;911238 | &nbsp;&nbsp;&nbsp;&nbsp;99080046 |
| Novozymes A/S, B Shares | &nbsp;&nbsp;&nbsp;113484 | &nbsp;&nbsp;&nbsp;&nbsp;5956838 |
| Orsted A/S | &nbsp;&nbsp;&nbsp;103553 | &nbsp;&nbsp;&nbsp;&nbsp;8543718 |
| Pandora A/S | &nbsp;&nbsp;&nbsp;&nbsp;49742 | &nbsp;&nbsp;&nbsp;&nbsp;2616602 |
| Rockwool A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993779 |
| Tryg A/S | &nbsp;&nbsp;&nbsp;197574 | &nbsp;&nbsp;&nbsp;&nbsp;4273374 |
| Vestas Wind Systems A/S | &nbsp;&nbsp;&nbsp;555868 | &nbsp;&nbsp;&nbsp;&nbsp;10958195 |
|  |  | **195201175** |

---

<sub>146</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Portfolio Holdings as of October 31, 2022 (continued)<br>

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| &nbsp;&nbsp;**Finland 1.0%** | &nbsp;&nbsp;**Finland 1.0%** | &nbsp;&nbsp;**Finland 1.0%** |
| Elisa Oyj | &nbsp;&nbsp;&nbsp;&nbsp;78231 | &nbsp;&nbsp;&nbsp;&nbsp;3780615 |
| Fortum Oyj | &nbsp;&nbsp;&nbsp;243537 | &nbsp;&nbsp;&nbsp;&nbsp;3427608 |
| Kesko Oyj, B Shares | &nbsp;&nbsp;&nbsp;149674 | &nbsp;&nbsp;&nbsp;&nbsp;2912754 |
| Kone Oyj, B Shares | &nbsp;&nbsp;&nbsp;187788 | &nbsp;&nbsp;&nbsp;&nbsp;7689127 |
| Neste Oyj | &nbsp;&nbsp;&nbsp;233932 | &nbsp;&nbsp;10252878 |
| Nokia Oyj | 2976739 | &nbsp;&nbsp;13228369 |
| Orion Oyj, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;58978 | &nbsp;&nbsp;&nbsp;&nbsp;2714062 |
| Sampo Oyj, A Shares | &nbsp;&nbsp;&nbsp;263659 | &nbsp;&nbsp;12056529 |
| Stora Enso Oyj, R Shares | &nbsp;&nbsp;&nbsp;302207 | &nbsp;&nbsp;&nbsp;&nbsp;3940419 |
| UPM-Kymmene Oyj | &nbsp;&nbsp;&nbsp;294081 | &nbsp;&nbsp;&nbsp;&nbsp;9886251 |
| Wartsila Oyj Abp | &nbsp;&nbsp;&nbsp;261929 | &nbsp;&nbsp;&nbsp;&nbsp;1785641 |
|  |  | **71674253** |
| &nbsp;&nbsp;**France 11.7%** | &nbsp;&nbsp;**France 11.7%** | &nbsp;&nbsp;**France 11.7%** |
| Accor S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;92172 | &nbsp;&nbsp;&nbsp;&nbsp;2208575 |
| Aeroports de Paris \* | &nbsp;&nbsp;&nbsp;&nbsp;16156 | &nbsp;&nbsp;&nbsp;&nbsp;2184786 |
| Air Liquide S.A. | &nbsp;&nbsp;&nbsp;287916 | &nbsp;&nbsp;37663353 |
| Airbus SE | &nbsp;&nbsp;&nbsp;325266 | &nbsp;&nbsp;35194988 |
| Alstom S.A. | &nbsp;&nbsp;&nbsp;174069 | &nbsp;&nbsp;&nbsp;&nbsp;3582553 |
| Amundi S.A. | &nbsp;&nbsp;&nbsp;&nbsp;34659 | &nbsp;&nbsp;&nbsp;&nbsp;1635208 |
| ArcelorMittal S.A. | &nbsp;&nbsp;&nbsp;291644 | &nbsp;&nbsp;&nbsp;&nbsp;6519307 |
| Arkema S.A. | &nbsp;&nbsp;&nbsp;&nbsp;32536 | &nbsp;&nbsp;&nbsp;&nbsp;2574835 |
| AXA S.A. | 1028672 | &nbsp;&nbsp;25402929 |
| BioMerieux | &nbsp;&nbsp;&nbsp;&nbsp;23030 | &nbsp;&nbsp;&nbsp;&nbsp;2037660 |
| BNP Paribas S.A. | &nbsp;&nbsp;&nbsp;611506 | &nbsp;&nbsp;28675888 |
| Bollore SE | &nbsp;&nbsp;&nbsp;489428 | &nbsp;&nbsp;&nbsp;&nbsp;2447894 |
| Bouygues S.A. | &nbsp;&nbsp;&nbsp;126565 | &nbsp;&nbsp;&nbsp;&nbsp;3611045 |
| Bureau Veritas S.A. | &nbsp;&nbsp;&nbsp;160578 | &nbsp;&nbsp;&nbsp;&nbsp;3972742 |
| Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp;90094 | &nbsp;&nbsp;14765569 |
| Carrefour S.A. | &nbsp;&nbsp;&nbsp;333178 | &nbsp;&nbsp;&nbsp;&nbsp;5362649 |
| Cie de Saint-Gobain | &nbsp;&nbsp;&nbsp;274005 | &nbsp;&nbsp;11201579 |
| Cie Generale des Etablissements Michelin S.C.A. | &nbsp;&nbsp;&nbsp;373270 | &nbsp;&nbsp;&nbsp;&nbsp;9512431 |
| Covivio | &nbsp;&nbsp;&nbsp;&nbsp;25895 | &nbsp;&nbsp;&nbsp;&nbsp;1386458 |
| Credit Agricole S.A. | &nbsp;&nbsp;&nbsp;665555 | &nbsp;&nbsp;&nbsp;&nbsp;6039019 |
| Danone S.A. | &nbsp;&nbsp;&nbsp;353577 | &nbsp;&nbsp;17572596 |
| Dassault Aviation S.A. | &nbsp;&nbsp;&nbsp;&nbsp;13812 | &nbsp;&nbsp;&nbsp;&nbsp;2051335 |
| Dassault Systemes SE | &nbsp;&nbsp;&nbsp;366024 | &nbsp;&nbsp;12268673 |
| Edenred | &nbsp;&nbsp;&nbsp;136865 | &nbsp;&nbsp;&nbsp;&nbsp;7016544 |
| Eiffage S.A. | &nbsp;&nbsp;&nbsp;&nbsp;45217 | &nbsp;&nbsp;&nbsp;&nbsp;4088601 |
| Electricite de France S.A. | &nbsp;&nbsp;&nbsp;304484 | &nbsp;&nbsp;&nbsp;&nbsp;3595941 |
| Engie S.A. | 1002736 | &nbsp;&nbsp;13028902 |
| EssilorLuxottica S.A. | &nbsp;&nbsp;&nbsp;158378 | &nbsp;&nbsp;25044020 |
| Eurazeo SE | &nbsp;&nbsp;&nbsp;&nbsp;23599 | &nbsp;&nbsp;&nbsp;&nbsp;1346687 |
| Eurofins Scientific SE | &nbsp;&nbsp;&nbsp;&nbsp;73566 | &nbsp;&nbsp;&nbsp;&nbsp;4709311 |
| Euronext N.V. | &nbsp;&nbsp;&nbsp;&nbsp;47826 | &nbsp;&nbsp;&nbsp;&nbsp;3035461 |
| Gecina S.A. | &nbsp;&nbsp;&nbsp;&nbsp;25368 | &nbsp;&nbsp;&nbsp;&nbsp;2261660 |
| Getlink SE | &nbsp;&nbsp;&nbsp;244251 | &nbsp;&nbsp;&nbsp;&nbsp;3865146 |
| Hermes International | &nbsp;&nbsp;&nbsp;&nbsp;17431 | &nbsp;&nbsp;22562426 |
| Ipsen S.A. | &nbsp;&nbsp;&nbsp;&nbsp;21138 | &nbsp;&nbsp;&nbsp;&nbsp;2172306 |
| Kering S.A. | &nbsp;&nbsp;&nbsp;&nbsp;41163 | &nbsp;&nbsp;18851043 |
| Klepierre S.A. \* | &nbsp;&nbsp;&nbsp;119571 | &nbsp;&nbsp;&nbsp;&nbsp;2403168 |
| La Francaise des Jeux SAEM | &nbsp;&nbsp;&nbsp;&nbsp;56889 | &nbsp;&nbsp;&nbsp;&nbsp;1853931 |
| Legrand S.A. | &nbsp;&nbsp;&nbsp;147081 | &nbsp;&nbsp;11208251 |
| L'Oreal S.A. | &nbsp;&nbsp;&nbsp;132779 | &nbsp;&nbsp;41693160 |
| LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;152826 | &nbsp;&nbsp;96432378 |
| Orange S.A. | 1099169 | &nbsp;&nbsp;10472786 |
| Pernod-Ricard S.A. | &nbsp;&nbsp;&nbsp;115276 | &nbsp;&nbsp;20232226 |
| Publicis Groupe S.A. | &nbsp;&nbsp;&nbsp;126208 | &nbsp;&nbsp;&nbsp;&nbsp;7068200 |
| Remy Cointreau S.A. | &nbsp;&nbsp;&nbsp;&nbsp;12675 | &nbsp;&nbsp;&nbsp;&nbsp;1938487 |
| Renault S.A. \* | &nbsp;&nbsp;&nbsp;105905 | &nbsp;&nbsp;&nbsp;&nbsp;3260731 |
| Safran S.A. | &nbsp;&nbsp;&nbsp;188088 | &nbsp;&nbsp;20947339 |
| Sanofi | &nbsp;&nbsp;&nbsp;626637 | &nbsp;&nbsp;53926998 |
| Sartorius Stedim Biotech | &nbsp;&nbsp;&nbsp;&nbsp;15158 | &nbsp;&nbsp;&nbsp;&nbsp;4810222 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Schneider Electric SE | &nbsp;&nbsp;&nbsp;298559 | &nbsp;&nbsp;&nbsp;&nbsp;37754668 |
| SEB S.A. | &nbsp;&nbsp;&nbsp;&nbsp;13670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889938 |
| Societe Generale S.A. | &nbsp;&nbsp;&nbsp;437732 | &nbsp;&nbsp;&nbsp;&nbsp;10040268 |
| Sodexo S.A. | &nbsp;&nbsp;&nbsp;&nbsp;48742 | &nbsp;&nbsp;&nbsp;&nbsp;4317678 |
| STMicroelectronics N.V. | &nbsp;&nbsp;&nbsp;375917 | &nbsp;&nbsp;&nbsp;&nbsp;11688740 |
| Teleperformance | &nbsp;&nbsp;&nbsp;&nbsp;32514 | &nbsp;&nbsp;&nbsp;&nbsp;8711471 |
| Thales S.A. | &nbsp;&nbsp;&nbsp;&nbsp;58550 | &nbsp;&nbsp;&nbsp;&nbsp;7446383 |
| TotalEnergies SE | 1364548 | &nbsp;&nbsp;&nbsp;&nbsp;74440666 |
| UbiSoft Entertainment S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;53429 | &nbsp;&nbsp;&nbsp;&nbsp;1465873 |
| Unibail-Rodamco-Westfield \* | &nbsp;&nbsp;&nbsp;&nbsp;64132 | &nbsp;&nbsp;&nbsp;&nbsp;3030851 |
| Valeo S.A. | &nbsp;&nbsp;&nbsp;113893 | &nbsp;&nbsp;&nbsp;&nbsp;1876156 |
| Veolia Environnement S.A. | &nbsp;&nbsp;&nbsp;366145 | &nbsp;&nbsp;&nbsp;&nbsp;8170896 |
| Vinci S.A. | &nbsp;&nbsp;&nbsp;294055 | &nbsp;&nbsp;&nbsp;&nbsp;27063924 |
| Vivendi SE | &nbsp;&nbsp;&nbsp;394918 | &nbsp;&nbsp;&nbsp;&nbsp;3232393 |
| Wendel SE | &nbsp;&nbsp;&nbsp;&nbsp;15141 | &nbsp;&nbsp;&nbsp;&nbsp;1185569 |
| Worldline S.A. \* | &nbsp;&nbsp;&nbsp;132115 | &nbsp;&nbsp;&nbsp;&nbsp;5766351 |
|  |  | **832779822** |
| &nbsp;&nbsp;**Germany 7.4%** | &nbsp;&nbsp;**Germany 7.4%** | &nbsp;&nbsp;**Germany 7.4%** |
| adidas AG | &nbsp;&nbsp;&nbsp;&nbsp;95015 | &nbsp;&nbsp;&nbsp;&nbsp;9274895 |
| Allianz SE | &nbsp;&nbsp;&nbsp;224959 | &nbsp;&nbsp;&nbsp;&nbsp;40471120 |
| Aroundtown S.A. | &nbsp;&nbsp;&nbsp;540841 | &nbsp;&nbsp;&nbsp;&nbsp;1072079 |
| BASF SE | &nbsp;&nbsp;&nbsp;505480 | &nbsp;&nbsp;&nbsp;&nbsp;22681210 |
| Bayer AG | &nbsp;&nbsp;&nbsp;540639 | &nbsp;&nbsp;&nbsp;&nbsp;28427354 |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;183311 | &nbsp;&nbsp;&nbsp;&nbsp;14388422 |
| Bechtle AG | &nbsp;&nbsp;&nbsp;&nbsp;44092 | &nbsp;&nbsp;&nbsp;&nbsp;1523226 |
| Beiersdorf AG | &nbsp;&nbsp;&nbsp;&nbsp;55260 | &nbsp;&nbsp;&nbsp;&nbsp;5304694 |
| Brenntag SE | &nbsp;&nbsp;&nbsp;&nbsp;85126 | &nbsp;&nbsp;&nbsp;&nbsp;5165130 |
| Carl Zeiss Meditec AG, Class B | &nbsp;&nbsp;&nbsp;&nbsp;22334 | &nbsp;&nbsp;&nbsp;&nbsp;2703378 |
| Commerzbank AG \* | &nbsp;&nbsp;&nbsp;586058 | &nbsp;&nbsp;&nbsp;&nbsp;4682427 |
| Continental AG | &nbsp;&nbsp;&nbsp;&nbsp;60491 | &nbsp;&nbsp;&nbsp;&nbsp;3133171 |
| Covestro AG | &nbsp;&nbsp;&nbsp;105674 | &nbsp;&nbsp;&nbsp;&nbsp;3587211 |
| Daimler Truck Holding AG \* | &nbsp;&nbsp;&nbsp;250340 | &nbsp;&nbsp;&nbsp;&nbsp;6677213 |
| Delivery Hero SE \* | &nbsp;&nbsp;&nbsp;&nbsp;90433 | &nbsp;&nbsp;&nbsp;&nbsp;2976050 |
| Deutsche Bank AG | 1135271 | &nbsp;&nbsp;&nbsp;&nbsp;10821111 |
| Deutsche Boerse AG | &nbsp;&nbsp;&nbsp;104607 | &nbsp;&nbsp;&nbsp;&nbsp;17011152 |
| Deutsche Lufthansa AG \* | &nbsp;&nbsp;&nbsp;319143 | &nbsp;&nbsp;&nbsp;&nbsp;2181982 |
| Deutsche Post AG | &nbsp;&nbsp;&nbsp;545667 | &nbsp;&nbsp;&nbsp;&nbsp;19289211 |
| Deutsche Telekom AG | 1785790 | &nbsp;&nbsp;&nbsp;&nbsp;33707653 |
| E.ON SE | 1232526 | &nbsp;&nbsp;&nbsp;&nbsp;10321152 |
| Evonik Industries AG | &nbsp;&nbsp;&nbsp;115176 | &nbsp;&nbsp;&nbsp;&nbsp;2121739 |
| Fresenius Medical Care AG & Co. KGaA | &nbsp;&nbsp;&nbsp;113335 | &nbsp;&nbsp;&nbsp;&nbsp;3134911 |
| Fresenius SE & Co. KGaA | &nbsp;&nbsp;&nbsp;231995 | &nbsp;&nbsp;&nbsp;&nbsp;5338933 |
| GEA Group AG | &nbsp;&nbsp;&nbsp;&nbsp;82635 | &nbsp;&nbsp;&nbsp;&nbsp;2888460 |
| Hannover Rueck SE | &nbsp;&nbsp;&nbsp;&nbsp;33323 | &nbsp;&nbsp;&nbsp;&nbsp;5422451 |
| HeidelbergCement AG | &nbsp;&nbsp;&nbsp;&nbsp;78950 | &nbsp;&nbsp;&nbsp;&nbsp;3630656 |
| HelloFresh SE \* | &nbsp;&nbsp;&nbsp;&nbsp;91544 | &nbsp;&nbsp;&nbsp;&nbsp;1829888 |
| Henkel AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp;57574 | &nbsp;&nbsp;&nbsp;&nbsp;3379887 |
| Infineon Technologies AG | &nbsp;&nbsp;&nbsp;718761 | &nbsp;&nbsp;&nbsp;&nbsp;17441070 |
| KION Group AG | &nbsp;&nbsp;&nbsp;&nbsp;40047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887853 |
| Knorr-Bremse AG | &nbsp;&nbsp;&nbsp;&nbsp;40883 | &nbsp;&nbsp;&nbsp;&nbsp;1840583 |
| LEG Immobilien SE | &nbsp;&nbsp;&nbsp;&nbsp;40878 | &nbsp;&nbsp;&nbsp;&nbsp;2668727 |
| Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;441775 | &nbsp;&nbsp;&nbsp;&nbsp;25570622 |
| Merck KGaA | &nbsp;&nbsp;&nbsp;&nbsp;70887 | &nbsp;&nbsp;&nbsp;&nbsp;11552100 |
| MTU Aero Engines AG | &nbsp;&nbsp;&nbsp;&nbsp;29666 | &nbsp;&nbsp;&nbsp;&nbsp;5308973 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | &nbsp;&nbsp;&nbsp;&nbsp;77136 | &nbsp;&nbsp;&nbsp;&nbsp;20362033 |
| Nemetschek SE | &nbsp;&nbsp;&nbsp;&nbsp;32037 | &nbsp;&nbsp;&nbsp;&nbsp;1527427 |
| Puma SE | &nbsp;&nbsp;&nbsp;&nbsp;58657 | &nbsp;&nbsp;&nbsp;&nbsp;2593275 |
| QIAGEN N.V. \* | &nbsp;&nbsp;&nbsp;124507 | &nbsp;&nbsp;&nbsp;&nbsp;5376604 |
| Rational AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2766 | &nbsp;&nbsp;&nbsp;&nbsp;1559195 |
| Rheinmetall AG | &nbsp;&nbsp;&nbsp;&nbsp;23699 | &nbsp;&nbsp;&nbsp;&nbsp;3852311 |
| RWE AG | &nbsp;&nbsp;&nbsp;353248 | &nbsp;&nbsp;&nbsp;&nbsp;13598329 |
| SAP SE | &nbsp;&nbsp;&nbsp;574787 | &nbsp;&nbsp;&nbsp;&nbsp;55324836 |
| Scout24 SE | &nbsp;&nbsp;&nbsp;&nbsp;43264 | &nbsp;&nbsp;&nbsp;&nbsp;2217062 |

---

<sub>147</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Siemens AG | &nbsp;&nbsp;&nbsp;421067 | &nbsp;&nbsp;&nbsp;&nbsp;45984289 |
| Siemens Energy AG | &nbsp;&nbsp;&nbsp;236626 | &nbsp;&nbsp;&nbsp;&nbsp;2758495 |
| Siemens Healthineers AG | &nbsp;&nbsp;&nbsp;154572 | &nbsp;&nbsp;&nbsp;&nbsp;7081336 |
| Symrise AG | &nbsp;&nbsp;&nbsp;&nbsp;72615 | &nbsp;&nbsp;&nbsp;&nbsp;7411994 |
| Telefonica Deutschland Holding AG | &nbsp;&nbsp;&nbsp;585979 | &nbsp;&nbsp;&nbsp;&nbsp;1276789 |
| Uniper SE | &nbsp;&nbsp;&nbsp;&nbsp;56105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167947 |
| United Internet AG | &nbsp;&nbsp;&nbsp;&nbsp;52224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976227 |
| Volkswagen AG | &nbsp;&nbsp;&nbsp;&nbsp;16677 | &nbsp;&nbsp;&nbsp;&nbsp;2850630 |
| Vonovia SE | &nbsp;&nbsp;&nbsp;393741 | &nbsp;&nbsp;&nbsp;&nbsp;8705852 |
| Zalando SE \* | &nbsp;&nbsp;&nbsp;123167 | &nbsp;&nbsp;&nbsp;&nbsp;2838773 |
|  |  | **524880098** |
| &nbsp;&nbsp;**Hong Kong 2.5%** | &nbsp;&nbsp;**Hong Kong 2.5%** | &nbsp;&nbsp;**Hong Kong 2.5%** |
| AIA Group Ltd. | 6626800 | &nbsp;&nbsp;&nbsp;&nbsp;50196620 |
| BOC Hong Kong Holdings Ltd. | 2023590 | &nbsp;&nbsp;&nbsp;&nbsp;6287913 |
| Budweiser Brewing Co. APAC Ltd. | &nbsp;&nbsp;&nbsp;951000 | &nbsp;&nbsp;&nbsp;&nbsp;2001591 |
| Chow Tai Fook Jewellery Group Ltd. | 1082200 | &nbsp;&nbsp;&nbsp;&nbsp;1852808 |
| CK Asset Holdings Ltd. | 1100711 | &nbsp;&nbsp;&nbsp;&nbsp;6085354 |
| CK Hutchison Holdings Ltd. | 1480025 | &nbsp;&nbsp;&nbsp;&nbsp;7367312 |
| CK Infrastructure Holdings Ltd. | &nbsp;&nbsp;&nbsp;349000 | &nbsp;&nbsp;&nbsp;&nbsp;1658002 |
| CLP Holdings Ltd. | &nbsp;&nbsp;&nbsp;907426 | &nbsp;&nbsp;&nbsp;&nbsp;6090464 |
| ESR Group Ltd. | 1086734 | &nbsp;&nbsp;&nbsp;&nbsp;1853263 |
| Futu Holdings Ltd., ADR \* | &nbsp;&nbsp;&nbsp;&nbsp;32880 | &nbsp;&nbsp;&nbsp;&nbsp;1113317 |
| Galaxy Entertainment Group Ltd. | 1207000 | &nbsp;&nbsp;&nbsp;&nbsp;5514359 |
| Hang Lung Properties Ltd. | 1124000 | &nbsp;&nbsp;&nbsp;&nbsp;1413950 |
| Hang Seng Bank Ltd. | &nbsp;&nbsp;&nbsp;420440 | &nbsp;&nbsp;&nbsp;&nbsp;5918861 |
| Henderson Land Development Co., Ltd. | &nbsp;&nbsp;&nbsp;808735 | &nbsp;&nbsp;&nbsp;&nbsp;1979993 |
| HK Electric Investments & HK Electric Investments Ltd. | 1470104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934712 |
| HKT Trust & HKT Ltd. | 2047000 | &nbsp;&nbsp;&nbsp;&nbsp;2315042 |
| Hong Kong & China Gas Co., Ltd. | 6090696 | &nbsp;&nbsp;&nbsp;&nbsp;4694520 |
| Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;&nbsp;661865 | &nbsp;&nbsp;&nbsp;&nbsp;17568278 |
| Hongkong Land Holdings Ltd. | &nbsp;&nbsp;&nbsp;627101 | &nbsp;&nbsp;&nbsp;&nbsp;2414266 |
| Jardine Matheson Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;86717 | &nbsp;&nbsp;&nbsp;&nbsp;3994879 |
| Link REIT | 1159500 | &nbsp;&nbsp;&nbsp;&nbsp;6853355 |
| MTR Corp., Ltd. | &nbsp;&nbsp;&nbsp;842552 | &nbsp;&nbsp;&nbsp;&nbsp;3707388 |
| New World Development Co., Ltd. | &nbsp;&nbsp;&nbsp;824778 | &nbsp;&nbsp;&nbsp;&nbsp;1687062 |
| Power Assets Holdings Ltd. | &nbsp;&nbsp;&nbsp;771438 | &nbsp;&nbsp;&nbsp;&nbsp;3688668 |
| Sands China Ltd. \* | 1353600 | &nbsp;&nbsp;&nbsp;&nbsp;2366396 |
| Sino Land Co., Ltd. | 1919806 | &nbsp;&nbsp;&nbsp;&nbsp;2049999 |
| SITC International Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;769000 | &nbsp;&nbsp;&nbsp;&nbsp;1259466 |
| Sun Hung Kai Properties Ltd. | &nbsp;&nbsp;&nbsp;797104 | &nbsp;&nbsp;&nbsp;&nbsp;8565932 |
| Swire Pacific Ltd., A Shares | &nbsp;&nbsp;&nbsp;277090 | &nbsp;&nbsp;&nbsp;&nbsp;1838079 |
| Swire Properties Ltd. | &nbsp;&nbsp;&nbsp;620400 | &nbsp;&nbsp;&nbsp;&nbsp;1192355 |
| Techtronic Industries Co., Ltd. | &nbsp;&nbsp;&nbsp;760000 | &nbsp;&nbsp;&nbsp;&nbsp;7196263 |
| WH Group Ltd. | 4659789 | &nbsp;&nbsp;&nbsp;&nbsp;2353245 |
| Wharf Real Estate Investment Co., Ltd. | &nbsp;&nbsp;&nbsp;930188 | &nbsp;&nbsp;&nbsp;&nbsp;3664996 |
| Xinyi Glass Holdings Ltd. | &nbsp;&nbsp;&nbsp;973000 | &nbsp;&nbsp;&nbsp;&nbsp;1250456 |
|  |  | **178929164** |
| &nbsp;&nbsp;**Ireland 0.6%** | &nbsp;&nbsp;**Ireland 0.6%** | &nbsp;&nbsp;**Ireland 0.6%** |
| CRH plc | &nbsp;&nbsp;&nbsp;420378 | &nbsp;&nbsp;&nbsp;&nbsp;15141100 |
| Flutter Entertainment plc \* | &nbsp;&nbsp;&nbsp;&nbsp;91648 | &nbsp;&nbsp;&nbsp;&nbsp;12103883 |
| Kerry Group plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;88085 | &nbsp;&nbsp;&nbsp;&nbsp;7650608 |
| Kingspan Group plc | &nbsp;&nbsp;&nbsp;&nbsp;84429 | &nbsp;&nbsp;&nbsp;&nbsp;4256631 |
| Smurfit Kappa Group plc | &nbsp;&nbsp;&nbsp;135940 | &nbsp;&nbsp;&nbsp;&nbsp;4500014 |
|  |  | &nbsp;&nbsp;&nbsp;**43652236** |
| &nbsp;&nbsp;**Israel 0.9%** | &nbsp;&nbsp;**Israel 0.9%** | &nbsp;&nbsp;**Israel 0.9%** |
| Azrieli Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;23908 | &nbsp;&nbsp;&nbsp;&nbsp;1771235 |
| Bank Hapoalim B.M. | &nbsp;&nbsp;&nbsp;700987 | &nbsp;&nbsp;&nbsp;&nbsp;6756992 |
| Bank Leumi Le-Israel B.M. | &nbsp;&nbsp;&nbsp;848395 | &nbsp;&nbsp;&nbsp;&nbsp;8093471 |
| Bezeq The Israeli Telecommunication Corp., Ltd. | 1132512 | &nbsp;&nbsp;&nbsp;&nbsp;2004813 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Check Point Software Technologies Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;56707 | &nbsp;&nbsp;&nbsp;&nbsp;7328246 |
| CyberArk Software Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;22219 | &nbsp;&nbsp;&nbsp;&nbsp;3486383 |
| Elbit Systems Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14680 | &nbsp;&nbsp;&nbsp;&nbsp;2970282 |
| ICL Group Ltd. | &nbsp;&nbsp;&nbsp;390867 | &nbsp;&nbsp;&nbsp;&nbsp;3524682 |
| Israel Discount Bank Ltd., A Shares | &nbsp;&nbsp;&nbsp;689239 | &nbsp;&nbsp;&nbsp;&nbsp;3919073 |
| Mizrahi Tefahot Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;83673 | &nbsp;&nbsp;&nbsp;&nbsp;3162969 |
| Nice Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;34759 | &nbsp;&nbsp;&nbsp;&nbsp;6551001 |
| Teva Pharmaceutical Industries Ltd. ADR, ADR \* | &nbsp;&nbsp;&nbsp;614682 | &nbsp;&nbsp;&nbsp;&nbsp;5482963 |
| Tower Semiconductor Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;59552 | &nbsp;&nbsp;&nbsp;&nbsp;2545004 |
| Wix.com Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;31152 | &nbsp;&nbsp;&nbsp;&nbsp;2619883 |
| ZIM Integrated Shipping Services Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;45426 | &nbsp;&nbsp;&nbsp;&nbsp;1067057 |
|  |  | &nbsp;&nbsp;&nbsp;**61284054** |
| &nbsp;&nbsp;**Italy 2.4%** | &nbsp;&nbsp;**Italy 2.4%** | &nbsp;&nbsp;**Italy 2.4%** |
| Amplifon S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;66849 | &nbsp;&nbsp;&nbsp;&nbsp;1660793 |
| Assicurazioni Generali S.p.A. | &nbsp;&nbsp;&nbsp;612868 | &nbsp;&nbsp;&nbsp;&nbsp;9197371 |
| Atlantia S.p.A. | &nbsp;&nbsp;&nbsp;271050 | &nbsp;&nbsp;&nbsp;&nbsp;6046452 |
| CNH Industrial N.V. | &nbsp;&nbsp;&nbsp;562218 | &nbsp;&nbsp;&nbsp;&nbsp;7273458 |
| Davide Campari-Milano N.V. | &nbsp;&nbsp;&nbsp;285422 | &nbsp;&nbsp;&nbsp;&nbsp;2563181 |
| DiaSorin S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;13779 | &nbsp;&nbsp;&nbsp;&nbsp;1801406 |
| Enel S.p.A. | 4474238 | &nbsp;&nbsp;&nbsp;&nbsp;19987975 |
| Eni S.p.A. | 1390243 | &nbsp;&nbsp;&nbsp;&nbsp;18259060 |
| Ferrari N.V. | &nbsp;&nbsp;&nbsp;&nbsp;69407 | &nbsp;&nbsp;&nbsp;&nbsp;13682776 |
| FinecoBank Banca Fineco S.p.A. | &nbsp;&nbsp;&nbsp;335794 | &nbsp;&nbsp;&nbsp;&nbsp;4525021 |
| Infrastrutture Wireless Italiane S.p.A. | &nbsp;&nbsp;&nbsp;191722 | &nbsp;&nbsp;&nbsp;&nbsp;1692170 |
| Intesa Sanpaolo S.p.A. | 9091774 | &nbsp;&nbsp;&nbsp;&nbsp;17333716 |
| Mediobanca Banca di Credito Finanziario S.p.A. | &nbsp;&nbsp;&nbsp;332086 | &nbsp;&nbsp;&nbsp;&nbsp;3008561 |
| Moncler S.p.A. | &nbsp;&nbsp;&nbsp;113654 | &nbsp;&nbsp;&nbsp;&nbsp;4903511 |
| Nexi S.p.A. \* | &nbsp;&nbsp;&nbsp;289875 | &nbsp;&nbsp;&nbsp;&nbsp;2506109 |
| Poste Italiane S.p.A. | &nbsp;&nbsp;&nbsp;284999 | &nbsp;&nbsp;&nbsp;&nbsp;2483556 |
| Prysmian S.p.A. | &nbsp;&nbsp;&nbsp;139480 | &nbsp;&nbsp;&nbsp;&nbsp;4539810 |
| Recordati Industria Chimica e Farmaceutica S.p.A. | &nbsp;&nbsp;&nbsp;&nbsp;58915 | &nbsp;&nbsp;&nbsp;&nbsp;2213524 |
| Snam S.p.A. | 1100504 | &nbsp;&nbsp;&nbsp;&nbsp;4893402 |
| Stellantis N.V. | 1210972 | &nbsp;&nbsp;&nbsp;&nbsp;16337909 |
| Telecom Italia S.p.A. \* | 5333218 | &nbsp;&nbsp;&nbsp;&nbsp;1043400 |
| Tenaris S.A. | &nbsp;&nbsp;&nbsp;257960 | &nbsp;&nbsp;&nbsp;&nbsp;4037369 |
| Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;&nbsp;777675 | &nbsp;&nbsp;&nbsp;&nbsp;5157280 |
| UniCredit S.p.A. | 1142011 | &nbsp;&nbsp;&nbsp;&nbsp;14162380 |
|  |  | **169310190** |
| &nbsp;&nbsp;**Japan 21.9%** | &nbsp;&nbsp;**Japan 21.9%** | &nbsp;&nbsp;**Japan 21.9%** |
| Advantest Corp. | &nbsp;&nbsp;&nbsp;103898 | &nbsp;&nbsp;&nbsp;&nbsp;5469354 |
| Aeon Co., Ltd. | &nbsp;&nbsp;&nbsp;359700 | &nbsp;&nbsp;&nbsp;&nbsp;6708615 |
| AGC, Inc. | &nbsp;&nbsp;&nbsp;106493 | &nbsp;&nbsp;&nbsp;&nbsp;3336953 |
| Aisin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82000 | &nbsp;&nbsp;&nbsp;&nbsp;2104918 |
| Ajinomoto Co., Inc. | &nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;6875802 |
| ANA Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;87500 | &nbsp;&nbsp;&nbsp;&nbsp;1700887 |
| Asahi Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;252000 | &nbsp;&nbsp;&nbsp;&nbsp;7051143 |
| Asahi Intecc Co., Ltd. | &nbsp;&nbsp;&nbsp;120900 | &nbsp;&nbsp;&nbsp;&nbsp;2059548 |
| Asahi Kasei Corp. | &nbsp;&nbsp;&nbsp;684600 | &nbsp;&nbsp;&nbsp;&nbsp;4389596 |
| Astellas Pharma, Inc. | 1008450 | &nbsp;&nbsp;&nbsp;&nbsp;13914776 |
| Azbil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;62600 | &nbsp;&nbsp;&nbsp;&nbsp;1701197 |
| Bandai Namco Holdings, Inc. | &nbsp;&nbsp;&nbsp;109800 | &nbsp;&nbsp;&nbsp;&nbsp;7258095 |
| Bridgestone Corp. | &nbsp;&nbsp;&nbsp;315657 | &nbsp;&nbsp;&nbsp;&nbsp;11416192 |
| Brother Industries Ltd. | &nbsp;&nbsp;&nbsp;132400 | &nbsp;&nbsp;&nbsp;&nbsp;2255554 |
| Canon, Inc. | &nbsp;&nbsp;&nbsp;550395 | &nbsp;&nbsp;&nbsp;&nbsp;11666987 |
| Capcom Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;97000 | &nbsp;&nbsp;&nbsp;&nbsp;2698050 |
| Central Japan Railway Co. | &nbsp;&nbsp;&nbsp;&nbsp;79600 | &nbsp;&nbsp;&nbsp;&nbsp;9215806 |
| Chubu Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;355900 | &nbsp;&nbsp;&nbsp;&nbsp;2896998 |
| Chugai Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;371500 | &nbsp;&nbsp;&nbsp;&nbsp;8608345 |
| Concordia Financial Group Ltd. | &nbsp;&nbsp;&nbsp;591500 | &nbsp;&nbsp;&nbsp;&nbsp;1804797 |
| CyberAgent, Inc. | &nbsp;&nbsp;&nbsp;236200 | &nbsp;&nbsp;&nbsp;&nbsp;1940425 |

---

<sub>148</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Dai Nippon Printing Co., Ltd. | &nbsp;&nbsp;&nbsp;122548 | &nbsp;&nbsp;&nbsp;2454725 |
| Daifuku Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;56630 | &nbsp;&nbsp;&nbsp;2592234 |
| Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp;&nbsp;538300 | &nbsp;&nbsp;&nbsp;8549681 |
| Daiichi Sankyo Co., Ltd. | &nbsp;&nbsp;&nbsp;964100 | 30861574 |
| Daikin Industries Ltd. | &nbsp;&nbsp;&nbsp;137100 | 20535823 |
| Daito Trust Construction Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;34600 | &nbsp;&nbsp;&nbsp;3426223 |
| Daiwa House Industry Co., Ltd. | &nbsp;&nbsp;&nbsp;330800 | &nbsp;&nbsp;&nbsp;6664737 |
| Daiwa House REIT Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201 | &nbsp;&nbsp;&nbsp;2423972 |
| Daiwa Securities Group, Inc. | &nbsp;&nbsp;&nbsp;743300 | &nbsp;&nbsp;&nbsp;2900112 |
| Denso Corp. | &nbsp;&nbsp;&nbsp;238200 | 11818508 |
| Dentsu Group, Inc. | &nbsp;&nbsp;&nbsp;118200 | &nbsp;&nbsp;&nbsp;3676417 |
| Disco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;3826888 |
| East Japan Railway Co. | &nbsp;&nbsp;&nbsp;166160 | &nbsp;&nbsp;&nbsp;8853896 |
| Eisai Co., Ltd. | &nbsp;&nbsp;&nbsp;138600 | &nbsp;&nbsp;&nbsp;8358016 |
| ENEOS Holdings, Inc. | 1703100 | &nbsp;&nbsp;&nbsp;5617940 |
| FANUC Corp. | &nbsp;&nbsp;&nbsp;105500 | 13804846 |
| Fast Retailing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;32100 | 17884231 |
| Fuji Electric Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;70900 | &nbsp;&nbsp;&nbsp;2741346 |
| FUJIFILM Holdings Corp. | &nbsp;&nbsp;&nbsp;198911 | &nbsp;&nbsp;&nbsp;9100153 |
| Fujitsu Ltd. | &nbsp;&nbsp;&nbsp;108100 | 12437827 |
| GLP J-REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2362 | &nbsp;&nbsp;&nbsp;2449588 |
| GMO Payment Gateway, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23400 | &nbsp;&nbsp;&nbsp;1682596 |
| Hakuhodo DY Holdings, Inc. | &nbsp;&nbsp;&nbsp;125400 | &nbsp;&nbsp;&nbsp;1056589 |
| Hamamatsu Photonics K.K. | &nbsp;&nbsp;&nbsp;&nbsp;76300 | &nbsp;&nbsp;&nbsp;3451910 |
| Hankyu Hanshin Holdings, Inc. | &nbsp;&nbsp;&nbsp;126600 | &nbsp;&nbsp;&nbsp;3760113 |
| Hikari Tsushin, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10993 | &nbsp;&nbsp;&nbsp;1327892 |
| Hirose Electric Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;16664 | &nbsp;&nbsp;&nbsp;2161676 |
| Hitachi Construction Machinery Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;59353 | &nbsp;&nbsp;&nbsp;1161183 |
| Hitachi Ltd. | &nbsp;&nbsp;&nbsp;532615 | 24166771 |
| Honda Motor Co., Ltd. | &nbsp;&nbsp;&nbsp;897239 | 20459269 |
| Hoshizaki Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60400 | &nbsp;&nbsp;&nbsp;1730458 |
| Hoya Corp. | &nbsp;&nbsp;&nbsp;201107 | 18695175 |
| Hulic Co., Ltd. | &nbsp;&nbsp;&nbsp;210700 | &nbsp;&nbsp;&nbsp;1530597 |
| Ibiden Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;61500 | &nbsp;&nbsp;&nbsp;2073002 |
| Idemitsu Kosan Co., Ltd. | &nbsp;&nbsp;&nbsp;115703 | &nbsp;&nbsp;&nbsp;2531608 |
| Iida Group Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;81700 | &nbsp;&nbsp;&nbsp;1134434 |
| Inpex Corp. | &nbsp;&nbsp;&nbsp;569000 | &nbsp;&nbsp;&nbsp;5742573 |
| Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;316300 | &nbsp;&nbsp;&nbsp;3719580 |
| Ito En Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;30600 | &nbsp;&nbsp;&nbsp;1077742 |
| ITOCHU Corp. | &nbsp;&nbsp;&nbsp;654400 | 16912664 |
| Itochu Techno-Solutions Corp. | &nbsp;&nbsp;&nbsp;&nbsp;51087 | &nbsp;&nbsp;&nbsp;1184387 |
| Japan Airlines Co., Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;81200 | &nbsp;&nbsp;&nbsp;1516664 |
| Japan Exchange Group, Inc. | &nbsp;&nbsp;&nbsp;279400 | &nbsp;&nbsp;&nbsp;3671814 |
| Japan Metropolitan Fund Invest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3872 | &nbsp;&nbsp;&nbsp;2852616 |
| Japan Post Bank Co., Ltd. | &nbsp;&nbsp;&nbsp;233500 | &nbsp;&nbsp;&nbsp;1555841 |
| Japan Post Holdings Co., Ltd. | 1307600 | &nbsp;&nbsp;&nbsp;8793056 |
| Japan Post Insurance Co., Ltd. | &nbsp;&nbsp;&nbsp;109100 | &nbsp;&nbsp;&nbsp;1615024 |
| Japan Real Estate Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;2828444 |
| Japan Tobacco, Inc. | &nbsp;&nbsp;&nbsp;660100 | 11054977 |
| JFE Holdings, Inc. | &nbsp;&nbsp;&nbsp;268000 | &nbsp;&nbsp;&nbsp;2455179 |
| JSR Corp. | &nbsp;&nbsp;&nbsp;&nbsp;99200 | &nbsp;&nbsp;&nbsp;1884901 |
| Kajima Corp. | &nbsp;&nbsp;&nbsp;231200 | &nbsp;&nbsp;&nbsp;2176327 |
| Kakaku.com, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74000 | &nbsp;&nbsp;&nbsp;1251561 |
| Kao Corp. | &nbsp;&nbsp;&nbsp;260719 | &nbsp;&nbsp;&nbsp;9738358 |
| KDDI Corp. | &nbsp;&nbsp;&nbsp;887600 | 26234766 |
| Keio Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56500 | &nbsp;&nbsp;&nbsp;1980919 |
| Keisei Electric Railway Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;72156 | &nbsp;&nbsp;&nbsp;1915170 |
| Keyence Corp. | &nbsp;&nbsp;&nbsp;107000 | 40345959 |
| Kikkoman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;80477 | &nbsp;&nbsp;&nbsp;4361052 |
| Kintetsu Group Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;95600 | &nbsp;&nbsp;&nbsp;3230791 |
| Kirin Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;449800 | &nbsp;&nbsp;&nbsp;6612029 |
| Kobayashi Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;29200 | &nbsp;&nbsp;&nbsp;1549550 |
| Kobe Bussan Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;81700 | &nbsp;&nbsp;&nbsp;1772123 |
| Koei Tecmo Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;64600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;974745 |
| Koito Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;114000 | &nbsp;&nbsp;&nbsp;1618439 |
| Komatsu Ltd. | &nbsp;&nbsp;&nbsp;507409 | &nbsp;&nbsp;&nbsp;9940237 |
| Konami Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52400 | &nbsp;&nbsp;&nbsp;2296760 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Kose Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18300 | &nbsp;&nbsp;&nbsp;1826714 |
| Kubota Corp. | &nbsp;&nbsp;&nbsp;564500 | &nbsp;&nbsp;&nbsp;7874545 |
| Kurita Water Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;57147 | &nbsp;&nbsp;&nbsp;2091864 |
| Kyocera Corp. | &nbsp;&nbsp;&nbsp;176600 | &nbsp;&nbsp;&nbsp;8552107 |
| Kyowa Kirin Co., Ltd. | &nbsp;&nbsp;&nbsp;146900 | &nbsp;&nbsp;&nbsp;3459742 |
| Lasertec Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41600 | &nbsp;&nbsp;&nbsp;5845251 |
| Lixil Corp. | &nbsp;&nbsp;&nbsp;161087 | &nbsp;&nbsp;&nbsp;2433264 |
| M3, Inc. | &nbsp;&nbsp;&nbsp;244500 | &nbsp;&nbsp;&nbsp;7286143 |
| Makita Corp. | &nbsp;&nbsp;&nbsp;125800 | &nbsp;&nbsp;&nbsp;2298807 |
| Marubeni Corp. | &nbsp;&nbsp;&nbsp;845600 | &nbsp;&nbsp;&nbsp;7402309 |
| Mazda Motor Corp. | &nbsp;&nbsp;&nbsp;312900 | &nbsp;&nbsp;&nbsp;2106743 |
| McDonald's Holdings Co., Japan Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;48100 | &nbsp;&nbsp;&nbsp;1669899 |
| MEIJI Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;60400 | &nbsp;&nbsp;&nbsp;2485406 |
| MINEBEA MITSUMI, Inc. | &nbsp;&nbsp;&nbsp;202600 | &nbsp;&nbsp;&nbsp;2994110 |
| MISUMI Group, Inc. | &nbsp;&nbsp;&nbsp;158700 | &nbsp;&nbsp;&nbsp;3380222 |
| Mitsubishi Chemical Group Corp. | &nbsp;&nbsp;&nbsp;698500 | &nbsp;&nbsp;&nbsp;3155370 |
| Mitsubishi Corp. | &nbsp;&nbsp;&nbsp;695200 | 18832188 |
| Mitsubishi Electric Corp. | 1062900 | &nbsp;&nbsp;&nbsp;9352039 |
| Mitsubishi Estate Co., Ltd. | &nbsp;&nbsp;&nbsp;647102 | &nbsp;&nbsp;&nbsp;8137498 |
| Mitsubishi HC Capital, Inc. | &nbsp;&nbsp;&nbsp;347338 | &nbsp;&nbsp;&nbsp;1490447 |
| Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp;177400 | &nbsp;&nbsp;&nbsp;6110375 |
| Mitsubishi UFJ Financial Group, Inc. | 6581509 | 31090054 |
| Mitsui & Co., Ltd. | &nbsp;&nbsp;&nbsp;768600 | 17008482 |
| Mitsui Chemicals, Inc. | &nbsp;&nbsp;&nbsp;103400 | &nbsp;&nbsp;&nbsp;1913823 |
| Mitsui Fudosan Co., Ltd. | &nbsp;&nbsp;&nbsp;498477 | &nbsp;&nbsp;&nbsp;9545019 |
| Mitsui O.S.K. Lines Ltd. | &nbsp;&nbsp;&nbsp;187300 | &nbsp;&nbsp;&nbsp;3707639 |
| Mizuho Financial Group, Inc. | 1325513 | 14336035 |
| MonotaRO Co., Ltd. | &nbsp;&nbsp;&nbsp;138200 | &nbsp;&nbsp;&nbsp;2097855 |
| MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;245562 | &nbsp;&nbsp;&nbsp;6502777 |
| Murata Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;315900 | 14954522 |
| NEC Corp. | &nbsp;&nbsp;&nbsp;135500 | &nbsp;&nbsp;&nbsp;4485170 |
| Nexon Co., Ltd. | &nbsp;&nbsp;&nbsp;270900 | &nbsp;&nbsp;&nbsp;4533301 |
| NGK Insulators Ltd. | &nbsp;&nbsp;&nbsp;131600 | &nbsp;&nbsp;&nbsp;1535253 |
| Nidec Corp. | &nbsp;&nbsp;&nbsp;245800 | 13515065 |
| Nihon M&A Center Holdings, Inc. | &nbsp;&nbsp;&nbsp;163700 | &nbsp;&nbsp;&nbsp;1847158 |
| Nintendo Co., Ltd. | &nbsp;&nbsp;&nbsp;607290 | 24655423 |
| Nippon Building Fund, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838 | &nbsp;&nbsp;&nbsp;3725114 |
| Nippon Express Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41600 | &nbsp;&nbsp;&nbsp;2090313 |
| Nippon Paint Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;463700 | &nbsp;&nbsp;&nbsp;2955170 |
| Nippon Prologis REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184 | &nbsp;&nbsp;&nbsp;2484378 |
| Nippon Sanso Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;94900 | &nbsp;&nbsp;&nbsp;1510943 |
| Nippon Shinyaku Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;27200 | &nbsp;&nbsp;&nbsp;1505962 |
| Nippon Steel Corp. | &nbsp;&nbsp;&nbsp;444341 | &nbsp;&nbsp;&nbsp;6095701 |
| Nippon Telegraph & Telephone Corp. | &nbsp;&nbsp;&nbsp;657871 | 18144539 |
| Nippon Yusen K.K. | &nbsp;&nbsp;&nbsp;265700 | &nbsp;&nbsp;&nbsp;4813011 |
| Nissan Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;71166 | &nbsp;&nbsp;&nbsp;3203564 |
| Nissan Motor Co., Ltd. | 1267296 | &nbsp;&nbsp;&nbsp;4039256 |
| Nisshin Seifun Group, Inc. | &nbsp;&nbsp;&nbsp;107800 | &nbsp;&nbsp;&nbsp;1164845 |
| Nissin Foods Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;34900 | &nbsp;&nbsp;&nbsp;2259037 |
| Nitori Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;43900 | &nbsp;&nbsp;&nbsp;3978087 |
| Nitto Denko Corp. | &nbsp;&nbsp;&nbsp;&nbsp;79100 | &nbsp;&nbsp;&nbsp;4167440 |
| Nomura Holdings, Inc. | 1595600 | &nbsp;&nbsp;&nbsp;5163295 |
| Nomura Real Estate Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66600 | &nbsp;&nbsp;&nbsp;1505414 |
| Nomura Real Estate Master Fund, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2317 | &nbsp;&nbsp;&nbsp;2643307 |
| Nomura Research Institute Ltd. | &nbsp;&nbsp;&nbsp;185700 | &nbsp;&nbsp;&nbsp;4109578 |
| NTT Data Corp. | &nbsp;&nbsp;&nbsp;350700 | &nbsp;&nbsp;&nbsp;5079486 |
| Obayashi Corp. | &nbsp;&nbsp;&nbsp;351300 | &nbsp;&nbsp;&nbsp;2254877 |
| Obic Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;38700 | &nbsp;&nbsp;&nbsp;5807435 |
| Odakyu Electric Railway Co., Ltd. | &nbsp;&nbsp;&nbsp;160400 | &nbsp;&nbsp;&nbsp;1906827 |
| Oji Holdings Corp. | &nbsp;&nbsp;&nbsp;443200 | &nbsp;&nbsp;&nbsp;1536452 |
| Olympus Corp. | &nbsp;&nbsp;&nbsp;679300 | 14322694 |
| Omron Corp. | &nbsp;&nbsp;&nbsp;101600 | &nbsp;&nbsp;&nbsp;4738456 |
| Ono Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;200400 | &nbsp;&nbsp;&nbsp;4716123 |
| Open House Group Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;45300 | &nbsp;&nbsp;&nbsp;1611294 |
| Oracle Corp. Japan | &nbsp;&nbsp;&nbsp;&nbsp;20900 | &nbsp;&nbsp;&nbsp;1113374 |
| Oriental Land Co., Ltd. | &nbsp;&nbsp;&nbsp;109900 | 14718647 |
| ORIX Corp. | &nbsp;&nbsp;&nbsp;655800 | &nbsp;&nbsp;&nbsp;9632188 |

---

<sub>149</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Osaka Gas Co., Ltd. | &nbsp;&nbsp;&nbsp;206800 | &nbsp;&nbsp;&nbsp;3062232 |
| Otsuka Corp. | &nbsp;&nbsp;&nbsp;&nbsp;63200 | &nbsp;&nbsp;&nbsp;1990303 |
| Otsuka Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;214100 | &nbsp;&nbsp;&nbsp;6862867 |
| Pan Pacific International Holdings Corp. | &nbsp;&nbsp;&nbsp;209400 | &nbsp;&nbsp;&nbsp;3436405 |
| Panasonic Holdings Corp. | 1212612 | &nbsp;&nbsp;&nbsp;8636963 |
| Persol Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;96600 | &nbsp;&nbsp;&nbsp;1934158 |
| Rakuten Group, Inc. | &nbsp;&nbsp;&nbsp;481420 | &nbsp;&nbsp;&nbsp;2149235 |
| Recruit Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;792700 | 24392303 |
| Renesas Electronics Corp. \* | &nbsp;&nbsp;&nbsp;647300 | &nbsp;&nbsp;&nbsp;5415148 |
| Resona Holdings, Inc. | 1187585 | &nbsp;&nbsp;&nbsp;4475950 |
| Ricoh Co., Ltd. | &nbsp;&nbsp;&nbsp;314000 | &nbsp;&nbsp;&nbsp;2300925 |
| Rohm Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;48800 | &nbsp;&nbsp;&nbsp;3428912 |
| SBI Holdings, Inc. | &nbsp;&nbsp;&nbsp;136390 | &nbsp;&nbsp;&nbsp;2463757 |
| SCSK Corp. | &nbsp;&nbsp;&nbsp;&nbsp;85200 | &nbsp;&nbsp;&nbsp;1256995 |
| Secom Co., Ltd. | &nbsp;&nbsp;&nbsp;115600 | &nbsp;&nbsp;&nbsp;6585787 |
| Seiko Epson Corp. | &nbsp;&nbsp;&nbsp;152100 | &nbsp;&nbsp;&nbsp;2064933 |
| Sekisui Chemical Co., Ltd. | &nbsp;&nbsp;&nbsp;204600 | &nbsp;&nbsp;&nbsp;2555050 |
| Sekisui House Ltd. | &nbsp;&nbsp;&nbsp;341369 | &nbsp;&nbsp;&nbsp;5667681 |
| Seven & i Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;414503 | 15472715 |
| SG Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;159028 | &nbsp;&nbsp;&nbsp;2107295 |
| Sharp Corp. | &nbsp;&nbsp;&nbsp;134100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804343 |
| Shimadzu Corp. | &nbsp;&nbsp;&nbsp;130600 | &nbsp;&nbsp;&nbsp;3440378 |
| Shimano, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40300 | &nbsp;&nbsp;&nbsp;6236150 |
| Shimizu Corp. | &nbsp;&nbsp;&nbsp;301200 | &nbsp;&nbsp;&nbsp;1502985 |
| Shin-Etsu Chemical Co., Ltd. | &nbsp;&nbsp;&nbsp;206260 | 21436589 |
| Shionogi & Co., Ltd. | &nbsp;&nbsp;&nbsp;145200 | &nbsp;&nbsp;&nbsp;6742688 |
| Shiseido Co., Ltd. | &nbsp;&nbsp;&nbsp;221600 | &nbsp;&nbsp;&nbsp;7653444 |
| Shizuoka Financial Group, Inc. | &nbsp;&nbsp;&nbsp;243000 | &nbsp;&nbsp;&nbsp;1534501 |
| SMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31500 | 12644164 |
| Softbank Corp. | 1581600 | 15601517 |
| SoftBank Group Corp. | &nbsp;&nbsp;&nbsp;663400 | 28477244 |
| Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp;172100 | &nbsp;&nbsp;&nbsp;7175242 |
| Sony Group Corp. | &nbsp;&nbsp;&nbsp;693800 | 46786149 |
| Square Enix Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;47100 | &nbsp;&nbsp;&nbsp;2101698 |
| Subaru Corp. | &nbsp;&nbsp;&nbsp;340300 | &nbsp;&nbsp;&nbsp;5319168 |
| SUMCO Corp. | &nbsp;&nbsp;&nbsp;191200 | &nbsp;&nbsp;&nbsp;2423427 |
| Sumitomo Chemical Co., Ltd. | &nbsp;&nbsp;&nbsp;812900 | &nbsp;&nbsp;&nbsp;2737244 |
| Sumitomo Corp. | &nbsp;&nbsp;&nbsp;618100 | &nbsp;&nbsp;&nbsp;7858378 |
| Sumitomo Electric Industries Ltd. | &nbsp;&nbsp;&nbsp;393400 | &nbsp;&nbsp;&nbsp;4111155 |
| Sumitomo Metal Mining Co., Ltd. | &nbsp;&nbsp;&nbsp;137100 | &nbsp;&nbsp;&nbsp;3843027 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;&nbsp;719746 | 20211589 |
| Sumitomo Mitsui Trust Holdings, Inc. | &nbsp;&nbsp;&nbsp;186100 | &nbsp;&nbsp;&nbsp;5353913 |
| Sumitomo Realty & Development Co., Ltd. | &nbsp;&nbsp;&nbsp;171100 | &nbsp;&nbsp;&nbsp;3923992 |
| Suntory Beverage & Food Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;77700 | &nbsp;&nbsp;&nbsp;2599584 |
| Suzuki Motor Corp. | &nbsp;&nbsp;&nbsp;203800 | &nbsp;&nbsp;&nbsp;6890439 |
| Sysmex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;92000 | &nbsp;&nbsp;&nbsp;4951795 |
| T&D Holdings, Inc. | &nbsp;&nbsp;&nbsp;295000 | &nbsp;&nbsp;&nbsp;2917609 |
| Taisei Corp. | &nbsp;&nbsp;&nbsp;&nbsp;98100 | &nbsp;&nbsp;&nbsp;2672305 |
| Takeda Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;826990 | 21839978 |
| TDK Corp. | &nbsp;&nbsp;&nbsp;213700 | &nbsp;&nbsp;&nbsp;6675636 |
| Terumo Corp. | &nbsp;&nbsp;&nbsp;355100 | 10776929 |
| The Chiba Bank Ltd. | &nbsp;&nbsp;&nbsp;291200 | &nbsp;&nbsp;&nbsp;1595520 |
| The Kansai Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;387800 | &nbsp;&nbsp;&nbsp;2937687 |
| TIS, Inc. | &nbsp;&nbsp;&nbsp;122700 | &nbsp;&nbsp;&nbsp;3308204 |
| Tobu Railway Co., Ltd. | &nbsp;&nbsp;&nbsp;104900 | &nbsp;&nbsp;&nbsp;2426597 |
| Toho Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;61008 | &nbsp;&nbsp;&nbsp;2169350 |
| Tokio Marine Holdings, Inc. | 1010097 | 18287965 |
| Tokyo Electric Power Co. Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;853490 | &nbsp;&nbsp;&nbsp;2780299 |
| Tokyo Electron Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;82100 | 21600217 |
| Tokyo Gas Co., Ltd. | &nbsp;&nbsp;&nbsp;221840 | &nbsp;&nbsp;&nbsp;3964611 |
| Tokyu Corp. | &nbsp;&nbsp;&nbsp;290900 | &nbsp;&nbsp;&nbsp;3354222 |
| Toppan, Inc. | &nbsp;&nbsp;&nbsp;145100 | &nbsp;&nbsp;&nbsp;2164046 |
| Toray Industries, Inc. | &nbsp;&nbsp;&nbsp;772400 | &nbsp;&nbsp;&nbsp;3751816 |
| Toshiba Corp. | &nbsp;&nbsp;&nbsp;215217 | &nbsp;&nbsp;&nbsp;7468360 |
| Tosoh Corp. | &nbsp;&nbsp;&nbsp;145100 | &nbsp;&nbsp;&nbsp;1578612 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| TOTO Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;76500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2181984 |
| Toyota Industries Corp. | &nbsp;&nbsp;&nbsp;&nbsp;81500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4198489 |
| Toyota Motor Corp. | 5837015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80986244 |
| Toyota Tsusho Corp. | &nbsp;&nbsp;&nbsp;116569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3912742 |
| Trend Micro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3731338 |
| Unicharm Corp. | &nbsp;&nbsp;&nbsp;220600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6704347 |
| USS Co., Ltd. | &nbsp;&nbsp;&nbsp;122200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1843844 |
| Welcia Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;51100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1068061 |
| West Japan Railway Co. | &nbsp;&nbsp;&nbsp;120432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4774716 |
| Yakult Honsha Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;69800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3866846 |
| Yamaha Corp. | &nbsp;&nbsp;&nbsp;&nbsp;76600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2891976 |
| Yamaha Motor Co., Ltd. | &nbsp;&nbsp;&nbsp;161700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3337901 |
| Yamato Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;157100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326537 |
| Yaskawa Electric Corp. | &nbsp;&nbsp;&nbsp;130800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3621759 |
| Yokogawa Electric Corp. | &nbsp;&nbsp;&nbsp;128500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2148662 |
| Z Holdings Corp. | 1453100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750099 |
| ZOZO, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1470421 |
|  |  | **1563056068** |
| &nbsp;&nbsp;**Netherlands 4.1%** | &nbsp;&nbsp;**Netherlands 4.1%** | &nbsp;&nbsp;**Netherlands 4.1%** |
| ABN AMRO Bank N.V., GDR | &nbsp;&nbsp;&nbsp;231852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2279252 |
| Adyen N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;11920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17016978 |
| Aegon N.V. | &nbsp;&nbsp;&nbsp;997771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4618839 |
| AerCap Holdings N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;73700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3936317 |
| Akzo Nobel N.V. | &nbsp;&nbsp;&nbsp;&nbsp;99348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6133292 |
| ASM International N.V. | &nbsp;&nbsp;&nbsp;&nbsp;25733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5692646 |
| ASML Holding N.V. | &nbsp;&nbsp;&nbsp;223690 | &nbsp;&nbsp;&nbsp;&nbsp;104929981 |
| Coca-Cola Europacific Partners plc | &nbsp;&nbsp;&nbsp;113364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5333776 |
| EXOR N.V. \* | &nbsp;&nbsp;&nbsp;&nbsp;60335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4054571 |
| Heineken Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;55408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3780719 |
| Heineken N.V. | &nbsp;&nbsp;&nbsp;142297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11886665 |
| IMCD N.V. | &nbsp;&nbsp;&nbsp;&nbsp;31356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4066697 |
| ING Groep N.V. | 2149896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21154085 |
| JDE Peet's N.V. | &nbsp;&nbsp;&nbsp;&nbsp;57138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1635581 |
| Just Eat Takeaway.com N.V \* | &nbsp;&nbsp;&nbsp;104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1784649 |
| Koninklijke Ahold Delhaize N.V. | &nbsp;&nbsp;&nbsp;575973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16062888 |
| Koninklijke DSM N.V. | &nbsp;&nbsp;&nbsp;&nbsp;95895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11280160 |
| Koninklijke KPN N.V. | 1809815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5062243 |
| Koninklijke Philips N.V. | &nbsp;&nbsp;&nbsp;485601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6159789 |
| NN Group N.V. | &nbsp;&nbsp;&nbsp;153559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6502062 |
| OCI N.V. | &nbsp;&nbsp;&nbsp;&nbsp;58728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2246222 |
| Prosus N.V. \* | &nbsp;&nbsp;&nbsp;456051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19720405 |
| Randstad N.V. | &nbsp;&nbsp;&nbsp;&nbsp;66185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3298607 |
| Universal Music Group N.V. | &nbsp;&nbsp;&nbsp;405782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7967711 |
| Wolters Kluwer N.V. | &nbsp;&nbsp;&nbsp;144583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15363175 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**291967310** |
| &nbsp;&nbsp;**New Zealand 0.2%** | &nbsp;&nbsp;**New Zealand 0.2%** | &nbsp;&nbsp;**New Zealand 0.2%** |
| Auckland International Airport Ltd. \* | &nbsp;&nbsp;&nbsp;699496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3127040 |
| Fisher & Paykel Healthcare Corp., Ltd. | &nbsp;&nbsp;&nbsp;319547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3631657 |
| Mercury NZ Ltd. | &nbsp;&nbsp;&nbsp;363519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1229164 |
| Meridian Energy Ltd. | &nbsp;&nbsp;&nbsp;721206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2044328 |
| Spark New Zealand Ltd. | 1036536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085521 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13117710** |
| &nbsp;&nbsp;**Norway 0.8%** | &nbsp;&nbsp;**Norway 0.8%** | &nbsp;&nbsp;**Norway 0.8%** |
| Adevinta A.S.A. \* | &nbsp;&nbsp;&nbsp;153144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1048327 |
| Aker BP A.S.A. | &nbsp;&nbsp;&nbsp;173064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5497611 |
| DNB Bank A.S.A. | &nbsp;&nbsp;&nbsp;510766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9033856 |
| Equinor A.S.A. | &nbsp;&nbsp;&nbsp;538538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19620942 |
| Gjensidige Forsikring A.S.A. | &nbsp;&nbsp;&nbsp;108119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1976278 |
| Kongsberg Gruppen A.S.A. | &nbsp;&nbsp;&nbsp;&nbsp;50290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1803420 |
| Mowi A.S.A. | &nbsp;&nbsp;&nbsp;225251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3362046 |
| Norsk Hydro A.S.A. | &nbsp;&nbsp;&nbsp;739772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4694830 |
| Orkla A.S.A. | &nbsp;&nbsp;&nbsp;417527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2816285 |

---

<sub>150</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Salmar A.S.A. | &nbsp;&nbsp;&nbsp;&nbsp;31949 | &nbsp;&nbsp;&nbsp;&nbsp;1083123 |
| Telenor A.S.A. | &nbsp;&nbsp;&nbsp;382793 | &nbsp;&nbsp;&nbsp;&nbsp;3478772 |
| Yara International A.S.A. | &nbsp;&nbsp;&nbsp;&nbsp;91110 | &nbsp;&nbsp;&nbsp;&nbsp;4066368 |
|  |  | &nbsp;&nbsp;&nbsp;**58481858** |
| &nbsp;&nbsp;**Portugal 0.2%** | &nbsp;&nbsp;**Portugal 0.2%** | &nbsp;&nbsp;**Portugal 0.2%** |
| EDP - Energias de Portugal S.A. | 1522544 | &nbsp;&nbsp;&nbsp;&nbsp;6652473 |
| EDP Renovaveis S.A. | &nbsp;&nbsp;&nbsp;157272 | &nbsp;&nbsp;&nbsp;&nbsp;3309393 |
| Galp Energia, SGPS, S.A. | &nbsp;&nbsp;&nbsp;272607 | &nbsp;&nbsp;&nbsp;&nbsp;2767805 |
| Jeronimo Martins, SGPS, S.A. | &nbsp;&nbsp;&nbsp;157975 | &nbsp;&nbsp;&nbsp;&nbsp;3268978 |
|  |  | &nbsp;&nbsp;&nbsp;**15998649** |
| &nbsp;&nbsp;**Singapore 1.5%** | &nbsp;&nbsp;**Singapore 1.5%** | &nbsp;&nbsp;**Singapore 1.5%** |
| CapitaLand Ascendas REIT | 1863995 | &nbsp;&nbsp;&nbsp;&nbsp;3448746 |
| CapitaLand Integrated Commercial Trust | 2894010 | &nbsp;&nbsp;&nbsp;&nbsp;3840797 |
| Capitaland Investment Ltd. | 1423049 | &nbsp;&nbsp;&nbsp;&nbsp;3026319 |
| City Developments Ltd. | &nbsp;&nbsp;&nbsp;235200 | &nbsp;&nbsp;&nbsp;&nbsp;1268107 |
| DBS Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;997793 | &nbsp;&nbsp;&nbsp;&nbsp;24122946 |
| Genting Singapore Ltd. | 3274000 | &nbsp;&nbsp;&nbsp;&nbsp;1861832 |
| Grab Holdings Ltd., Class A \* | &nbsp;&nbsp;&nbsp;723345 | &nbsp;&nbsp;&nbsp;&nbsp;1880697 |
| Keppel Corp., Ltd. | &nbsp;&nbsp;&nbsp;812700 | &nbsp;&nbsp;&nbsp;&nbsp;4000124 |
| Mapletree Logistics Trust | 1829628 | &nbsp;&nbsp;&nbsp;&nbsp;1963684 |
| Mapletree Pan Asia Commercial Trust | 1281700 | &nbsp;&nbsp;&nbsp;&nbsp;1438335 |
| Oversea-Chinese Banking Corp., Ltd. | 1866801 | &nbsp;&nbsp;&nbsp;&nbsp;16024774 |
| Sea Ltd., ADR \* | &nbsp;&nbsp;&nbsp;198587 | &nbsp;&nbsp;&nbsp;&nbsp;9865802 |
| Singapore Airlines Ltd. \* | &nbsp;&nbsp;&nbsp;741050 | &nbsp;&nbsp;&nbsp;&nbsp;2748781 |
| Singapore Exchange Ltd. | &nbsp;&nbsp;&nbsp;467400 | &nbsp;&nbsp;&nbsp;&nbsp;2779454 |
| Singapore Technologies Engineering Ltd. | &nbsp;&nbsp;&nbsp;845949 | &nbsp;&nbsp;&nbsp;&nbsp;1972190 |
| Singapore Telecommunications Ltd. | 4569637 | &nbsp;&nbsp;&nbsp;&nbsp;8045963 |
| United Overseas Bank Ltd. | &nbsp;&nbsp;&nbsp;647833 | &nbsp;&nbsp;&nbsp;&nbsp;12709697 |
| UOL Group Ltd. | &nbsp;&nbsp;&nbsp;235272 | &nbsp;&nbsp;&nbsp;&nbsp;1027618 |
| Venture Corp., Ltd. | &nbsp;&nbsp;&nbsp;149300 | &nbsp;&nbsp;&nbsp;&nbsp;1680125 |
| Wilmar International Ltd. | 1068234 | &nbsp;&nbsp;&nbsp;&nbsp;2926483 |
|  |  | **106632474** |
| &nbsp;&nbsp;**Spain 2.4%** | &nbsp;&nbsp;**Spain 2.4%** | &nbsp;&nbsp;**Spain 2.4%** |
| Acciona S.A. | &nbsp;&nbsp;&nbsp;&nbsp;13784 | &nbsp;&nbsp;&nbsp;&nbsp;2481969 |
| ACS, Actividades de Construccion y Servicios S.A. | &nbsp;&nbsp;&nbsp;126653 | &nbsp;&nbsp;&nbsp;&nbsp;3250076 |
| Aena SME S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;41796 | &nbsp;&nbsp;&nbsp;&nbsp;4912343 |
| Amadeus IT Group S.A. \* | &nbsp;&nbsp;&nbsp;247731 | &nbsp;&nbsp;&nbsp;&nbsp;12920475 |
| Banco Bilbao Vizcaya Argentaria S.A. | 3668857 | &nbsp;&nbsp;&nbsp;&nbsp;18926855 |
| Banco Santander S.A. *(a)* | 9395900 | &nbsp;&nbsp;&nbsp;&nbsp;24368037 |
| CaixaBank S.A. | 2454781 | &nbsp;&nbsp;&nbsp;&nbsp;8140160 |
| Cellnex Telecom S.A. | &nbsp;&nbsp;&nbsp;297598 | &nbsp;&nbsp;&nbsp;&nbsp;9740452 |
| Enagas S.A. | &nbsp;&nbsp;&nbsp;138842 | &nbsp;&nbsp;&nbsp;&nbsp;2253947 |
| Endesa S.A. | &nbsp;&nbsp;&nbsp;177299 | &nbsp;&nbsp;&nbsp;&nbsp;2962318 |
| Ferrovial S.A. | &nbsp;&nbsp;&nbsp;264533 | &nbsp;&nbsp;&nbsp;&nbsp;6464752 |
| Grifols S.A. \* | &nbsp;&nbsp;&nbsp;161242 | &nbsp;&nbsp;&nbsp;&nbsp;1371778 |
| Iberdrola S.A. | 3276319 | &nbsp;&nbsp;&nbsp;&nbsp;33317783 |
| Industria de Diseno Textil S.A. | &nbsp;&nbsp;&nbsp;599808 | &nbsp;&nbsp;&nbsp;&nbsp;13614560 |
| Naturgy Energy Group S.A. | &nbsp;&nbsp;&nbsp;&nbsp;79706 | &nbsp;&nbsp;&nbsp;&nbsp;2045458 |
| Red Electrica Corp. S.A. | &nbsp;&nbsp;&nbsp;225900 | &nbsp;&nbsp;&nbsp;&nbsp;3654092 |
| Repsol S.A. | &nbsp;&nbsp;&nbsp;797723 | &nbsp;&nbsp;&nbsp;&nbsp;10852595 |
| Siemens Gamesa Renewable Energy S.A. \* | &nbsp;&nbsp;&nbsp;133201 | &nbsp;&nbsp;&nbsp;&nbsp;2361475 |
| Telefonica S.A. | 2879407 | &nbsp;&nbsp;&nbsp;&nbsp;9925875 |
|  |  | **173565000** |
| &nbsp;&nbsp;**Sweden 3.4%** | &nbsp;&nbsp;**Sweden 3.4%** | &nbsp;&nbsp;**Sweden 3.4%** |
| Alfa Laval AB | &nbsp;&nbsp;&nbsp;161276 | &nbsp;&nbsp;&nbsp;&nbsp;3969857 |
| Assa Abloy AB, B Shares | &nbsp;&nbsp;&nbsp;550981 | &nbsp;&nbsp;&nbsp;&nbsp;11125448 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Atlas Copco AB, A Shares | 1466522 | &nbsp;&nbsp;&nbsp;&nbsp;15652554 |
| Atlas Copco AB, B Shares | &nbsp;&nbsp;&nbsp;869354 | &nbsp;&nbsp;&nbsp;&nbsp;8407660 |
| Boliden AB | &nbsp;&nbsp;&nbsp;149086 | &nbsp;&nbsp;&nbsp;&nbsp;4335555 |
| Electrolux AB, B Shares | &nbsp;&nbsp;&nbsp;125068 | &nbsp;&nbsp;&nbsp;&nbsp;1542986 |
| Embracer Group AB *\*(a)* | &nbsp;&nbsp;&nbsp;378349 | &nbsp;&nbsp;&nbsp;&nbsp;1820143 |
| Epiroc AB, A Shares | &nbsp;&nbsp;&nbsp;365915 | &nbsp;&nbsp;&nbsp;&nbsp;5601590 |
| Epiroc AB, B Shares | &nbsp;&nbsp;&nbsp;209296 | &nbsp;&nbsp;&nbsp;&nbsp;2810253 |
| EQT AB | &nbsp;&nbsp;&nbsp;166042 | &nbsp;&nbsp;&nbsp;&nbsp;3267696 |
| Essity AB, B Shares | &nbsp;&nbsp;&nbsp;333439 | &nbsp;&nbsp;&nbsp;&nbsp;7045017 |
| Evolution AB | &nbsp;&nbsp;&nbsp;101184 | &nbsp;&nbsp;&nbsp;&nbsp;9438714 |
| Fastighets AB Balder, B Shares \* | &nbsp;&nbsp;&nbsp;351616 | &nbsp;&nbsp;&nbsp;&nbsp;1319840 |
| Getinge AB, B Shares | &nbsp;&nbsp;&nbsp;128392 | &nbsp;&nbsp;&nbsp;&nbsp;2605457 |
| H & M Hennes & Mauritz AB, B Shares *(a)* | &nbsp;&nbsp;&nbsp;406919 | &nbsp;&nbsp;&nbsp;&nbsp;4098551 |
| Hexagon AB, B Shares | 1068831 | &nbsp;&nbsp;&nbsp;&nbsp;10566343 |
| Holmen AB, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;51070 | &nbsp;&nbsp;&nbsp;&nbsp;1853352 |
| Husqvarna AB, B Shares | &nbsp;&nbsp;&nbsp;233228 | &nbsp;&nbsp;&nbsp;&nbsp;1384709 |
| Industrivarden AB, A Shares | &nbsp;&nbsp;&nbsp;&nbsp;70734 | &nbsp;&nbsp;&nbsp;&nbsp;1601976 |
| Industrivarden AB, C Shares | &nbsp;&nbsp;&nbsp;&nbsp;84874 | &nbsp;&nbsp;&nbsp;&nbsp;1905881 |
| Indutrade AB | &nbsp;&nbsp;&nbsp;148335 | &nbsp;&nbsp;&nbsp;&nbsp;2597042 |
| Investment AB Latour, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;80494 | &nbsp;&nbsp;&nbsp;&nbsp;1359727 |
| Investor AB, A Shares | &nbsp;&nbsp;&nbsp;279205 | &nbsp;&nbsp;&nbsp;&nbsp;4747812 |
| Investor AB, B Shares | &nbsp;&nbsp;&nbsp;995581 | &nbsp;&nbsp;&nbsp;&nbsp;16248489 |
| Kinnevik AB, B Shares \* | &nbsp;&nbsp;&nbsp;132359 | &nbsp;&nbsp;&nbsp;&nbsp;1635089 |
| L E Lundbergfortagen AB, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;40960 | &nbsp;&nbsp;&nbsp;&nbsp;1616594 |
| Lifco AB, B Shares | &nbsp;&nbsp;&nbsp;126273 | &nbsp;&nbsp;&nbsp;&nbsp;1824623 |
| Nibe Industrier AB, B Shares | &nbsp;&nbsp;&nbsp;840749 | &nbsp;&nbsp;&nbsp;&nbsp;6706463 |
| Nordea Bank Abp | 1877372 | &nbsp;&nbsp;&nbsp;&nbsp;17933628 |
| Sagax AB, Class B | &nbsp;&nbsp;&nbsp;103512 | &nbsp;&nbsp;&nbsp;&nbsp;1907451 |
| Sandvik AB | &nbsp;&nbsp;&nbsp;588410 | &nbsp;&nbsp;&nbsp;&nbsp;9194934 |
| Securitas AB, B Shares *(a)* | &nbsp;&nbsp;&nbsp;275103 | &nbsp;&nbsp;&nbsp;&nbsp;2247813 |
| Skandinaviska Enskilda Banken AB, A Shares | &nbsp;&nbsp;&nbsp;893103 | &nbsp;&nbsp;&nbsp;&nbsp;9416334 |
| Skanska AB, B Shares | &nbsp;&nbsp;&nbsp;188369 | &nbsp;&nbsp;&nbsp;&nbsp;2929391 |
| SKF AB, B Shares | &nbsp;&nbsp;&nbsp;214108 | &nbsp;&nbsp;&nbsp;&nbsp;3099344 |
| Svenska Cellulosa AB, S.C.A., B Shares | &nbsp;&nbsp;&nbsp;332472 | &nbsp;&nbsp;&nbsp;&nbsp;3922433 |
| Svenska Handelsbanken AB, A Shares | &nbsp;&nbsp;&nbsp;797762 | &nbsp;&nbsp;&nbsp;&nbsp;7412029 |
| Swedbank AB, A Shares | &nbsp;&nbsp;&nbsp;498032 | &nbsp;&nbsp;&nbsp;&nbsp;7424685 |
| Swedish Match AB | &nbsp;&nbsp;&nbsp;840059 | &nbsp;&nbsp;&nbsp;&nbsp;8639913 |
| Swedish Orphan Biovitrum AB \* | &nbsp;&nbsp;&nbsp;&nbsp;93463 | &nbsp;&nbsp;&nbsp;&nbsp;1721533 |
| Tele2 AB, B Shares | &nbsp;&nbsp;&nbsp;315686 | &nbsp;&nbsp;&nbsp;&nbsp;2587367 |
| Telefonaktiebolaget LM Ericsson, B Shares | 1605032 | &nbsp;&nbsp;&nbsp;&nbsp;8922924 |
| Telia Co. AB | 1476497 | &nbsp;&nbsp;&nbsp;&nbsp;3912370 |
| Volvo AB, A Shares | &nbsp;&nbsp;&nbsp;113553 | &nbsp;&nbsp;&nbsp;&nbsp;1939670 |
| Volvo AB, B Shares | &nbsp;&nbsp;&nbsp;826078 | &nbsp;&nbsp;&nbsp;&nbsp;13520358 |
| Volvo Car AB, Class B *\*(a)* | &nbsp;&nbsp;&nbsp;326620 | &nbsp;&nbsp;&nbsp;&nbsp;1386202 |
|  |  | **245207800** |
| &nbsp;&nbsp;**Switzerland 10.5%** | &nbsp;&nbsp;**Switzerland 10.5%** | &nbsp;&nbsp;**Switzerland 10.5%** |
| ABB Ltd. | &nbsp;&nbsp;&nbsp;904225 | &nbsp;&nbsp;&nbsp;&nbsp;25110599 |
| Adecco Group AG | &nbsp;&nbsp;&nbsp;&nbsp;88144 | &nbsp;&nbsp;&nbsp;&nbsp;2758551 |
| Alcon, Inc. | &nbsp;&nbsp;&nbsp;274999 | &nbsp;&nbsp;&nbsp;&nbsp;16743410 |
| Bachem Holding AG, Class B | &nbsp;&nbsp;&nbsp;&nbsp;18776 | &nbsp;&nbsp;&nbsp;&nbsp;1346353 |
| Baloise Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;25430 | &nbsp;&nbsp;&nbsp;&nbsp;3474301 |
| Barry Callebaut AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1947 | &nbsp;&nbsp;&nbsp;&nbsp;3683552 |
| Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;5831330 |
| Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586 | &nbsp;&nbsp;&nbsp;&nbsp;5623864 |
| Cie Financiere Richemont S.A., Class A | &nbsp;&nbsp;&nbsp;287269 | &nbsp;&nbsp;&nbsp;&nbsp;28075813 |
| Clariant AG \* | &nbsp;&nbsp;&nbsp;117758 | &nbsp;&nbsp;&nbsp;&nbsp;1892466 |
| Credit Suisse Group AG *(a)* | 1461532 | &nbsp;&nbsp;&nbsp;&nbsp;6054337 |
| EMS-Chemie Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3806 | &nbsp;&nbsp;&nbsp;&nbsp;2393178 |
| Geberit AG | &nbsp;&nbsp;&nbsp;&nbsp;19723 | &nbsp;&nbsp;&nbsp;&nbsp;8767610 |

---

<sub>151</sub>

Schwab Equity Index Funds \| Annual Report

See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Givaudan S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5080 | &nbsp;&nbsp;&nbsp;&nbsp;15173652 |
| Holcim AG \* | &nbsp;&nbsp;&nbsp;&nbsp;305322 | &nbsp;&nbsp;&nbsp;&nbsp;13871484 |
| Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;120928 | &nbsp;&nbsp;&nbsp;&nbsp;5801988 |
| Kuehne & Nagel International AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30179 | &nbsp;&nbsp;&nbsp;&nbsp;6424088 |
| Logitech International S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96326 | &nbsp;&nbsp;&nbsp;&nbsp;4790476 |
| Lonza Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40973 | &nbsp;&nbsp;&nbsp;&nbsp;21092241 |
| Nestle S.A. | &nbsp;&nbsp;1549496 | &nbsp;&nbsp;168676278 |
| Novartis AG | &nbsp;&nbsp;1190965 | &nbsp;&nbsp;&nbsp;&nbsp;96338003 |
| Partners Group Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12545 | &nbsp;&nbsp;&nbsp;&nbsp;11260178 |
| Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;386766 | &nbsp;&nbsp;128328232 |
| Roche Holding AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14603 | &nbsp;&nbsp;&nbsp;&nbsp;5927213 |
| Schindler Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12585 | &nbsp;&nbsp;&nbsp;&nbsp;1981132 |
| Schindler Holding AG, Participation Certificates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22468 | &nbsp;&nbsp;&nbsp;&nbsp;3663766 |
| SGS S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3513 | &nbsp;&nbsp;&nbsp;&nbsp;7744446 |
| SIG Group AG \* | &nbsp;&nbsp;&nbsp;&nbsp;168930 | &nbsp;&nbsp;&nbsp;&nbsp;3247354 |
| Sika AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80312 | &nbsp;&nbsp;&nbsp;&nbsp;18108407 |
| Sonova Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29680 | &nbsp;&nbsp;&nbsp;&nbsp;7015273 |
| Straumann Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60944 | &nbsp;&nbsp;&nbsp;&nbsp;5800120 |
| Swiss Life Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17436 | &nbsp;&nbsp;&nbsp;&nbsp;8442896 |
| Swiss Prime Site AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42670 | &nbsp;&nbsp;&nbsp;&nbsp;3443167 |
| Swiss Re AG | &nbsp;&nbsp;&nbsp;&nbsp;165484 | &nbsp;&nbsp;&nbsp;&nbsp;12292939 |
| Swisscom AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14248 | &nbsp;&nbsp;&nbsp;&nbsp;7035507 |
| Temenos AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34062 | &nbsp;&nbsp;&nbsp;&nbsp;2028691 |
| The Swatch Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29050 | &nbsp;&nbsp;&nbsp;&nbsp;1213671 |
| The Swatch Group AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15718 | &nbsp;&nbsp;&nbsp;&nbsp;3531982 |
| UBS Group AG | &nbsp;&nbsp;1934796 | &nbsp;&nbsp;&nbsp;&nbsp;30674550 |
| VAT Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14944 | &nbsp;&nbsp;&nbsp;&nbsp;3411733 |
| Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82820 | &nbsp;&nbsp;&nbsp;&nbsp;35295720 |
|  |  | **744370551** |
| &nbsp;&nbsp;**United Kingdom 15.5%** | &nbsp;&nbsp;**United Kingdom 15.5%** | &nbsp;&nbsp;**United Kingdom 15.5%** |
| 3i Group plc | &nbsp;&nbsp;&nbsp;&nbsp;533444 | &nbsp;&nbsp;&nbsp;&nbsp;7104601 |
| abrdn plc | &nbsp;&nbsp;1195523 | &nbsp;&nbsp;&nbsp;&nbsp;2178458 |
| Admiral Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99260 | &nbsp;&nbsp;&nbsp;&nbsp;2295450 |
| Anglo American plc | &nbsp;&nbsp;&nbsp;&nbsp;699358 | &nbsp;&nbsp;&nbsp;&nbsp;20948710 |
| Antofagasta plc | &nbsp;&nbsp;&nbsp;&nbsp;212165 | &nbsp;&nbsp;&nbsp;&nbsp;2859010 |
| Ashtead Group plc | &nbsp;&nbsp;&nbsp;&nbsp;243672 | &nbsp;&nbsp;&nbsp;&nbsp;12693610 |
| Associated British Foods plc | &nbsp;&nbsp;&nbsp;&nbsp;195190 | &nbsp;&nbsp;&nbsp;&nbsp;3025303 |
| AstraZeneca plc | &nbsp;&nbsp;&nbsp;&nbsp;852700 | &nbsp;&nbsp;100049097 |
| Auto Trader Group plc | &nbsp;&nbsp;&nbsp;&nbsp;527134 | &nbsp;&nbsp;&nbsp;&nbsp;3155304 |
| AVEVA Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65927 | &nbsp;&nbsp;&nbsp;&nbsp;2359408 |
| Aviva plc | &nbsp;&nbsp;1553528 | &nbsp;&nbsp;&nbsp;&nbsp;7451690 |
| BAE Systems plc | &nbsp;&nbsp;1735567 | &nbsp;&nbsp;&nbsp;&nbsp;16233735 |
| Barclays plc | &nbsp;&nbsp;9213838 | &nbsp;&nbsp;&nbsp;&nbsp;15656631 |
| Barratt Developments plc | &nbsp;&nbsp;&nbsp;&nbsp;572423 | &nbsp;&nbsp;&nbsp;&nbsp;2468909 |
| Berkeley Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62263 | &nbsp;&nbsp;&nbsp;&nbsp;2477279 |
| BP plc | 10634631 | &nbsp;&nbsp;&nbsp;&nbsp;58837172 |
| British American Tobacco plc | &nbsp;&nbsp;1185986 | &nbsp;&nbsp;&nbsp;&nbsp;46838675 |
| BT Group plc | &nbsp;&nbsp;3852923 | &nbsp;&nbsp;&nbsp;&nbsp;5741743 |
| Bunzl plc | &nbsp;&nbsp;&nbsp;&nbsp;184817 | &nbsp;&nbsp;&nbsp;&nbsp;6022353 |
| Burberry Group plc | &nbsp;&nbsp;&nbsp;&nbsp;216185 | &nbsp;&nbsp;&nbsp;&nbsp;4504668 |
| Coca-Cola HBC AG \* | &nbsp;&nbsp;&nbsp;&nbsp;113331 | &nbsp;&nbsp;&nbsp;&nbsp;2475523 |
| Compass Group plc | &nbsp;&nbsp;&nbsp;&nbsp;981314 | &nbsp;&nbsp;&nbsp;&nbsp;20668254 |
| Croda International plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76978 | &nbsp;&nbsp;&nbsp;&nbsp;5963450 |
| DCC plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54559 | &nbsp;&nbsp;&nbsp;&nbsp;3028069 |
| Diageo plc | &nbsp;&nbsp;1259184 | &nbsp;&nbsp;&nbsp;&nbsp;51818521 |
| Entain plc | &nbsp;&nbsp;&nbsp;&nbsp;327150 | &nbsp;&nbsp;&nbsp;&nbsp;4732737 |
| Experian plc | &nbsp;&nbsp;&nbsp;&nbsp;506659 | &nbsp;&nbsp;&nbsp;&nbsp;16154954 |
| Ferguson plc | &nbsp;&nbsp;&nbsp;&nbsp;117963 | &nbsp;&nbsp;&nbsp;&nbsp;12864888 |
| Glencore plc | &nbsp;&nbsp;5427375 | &nbsp;&nbsp;&nbsp;&nbsp;31115513 |
| GSK plc | &nbsp;&nbsp;2238189 | &nbsp;&nbsp;&nbsp;&nbsp;36663955 |
| Haleon plc \* | &nbsp;&nbsp;2785322 | &nbsp;&nbsp;&nbsp;&nbsp;8541054 |
| Halma plc | &nbsp;&nbsp;&nbsp;&nbsp;208522 | &nbsp;&nbsp;&nbsp;&nbsp;5056508 |
| Hargreaves Lansdown plc | &nbsp;&nbsp;&nbsp;&nbsp;198924 | &nbsp;&nbsp;&nbsp;&nbsp;1738517 |
| Hikma Pharmaceuticals plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90297 | &nbsp;&nbsp;&nbsp;&nbsp;1296234 |
| HSBC Holdings plc | 11063365 | &nbsp;&nbsp;&nbsp;&nbsp;56777735 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER <br> OF SHARES | VALUE ($) |
| Imperial Brands plc | &nbsp;&nbsp;&nbsp;&nbsp;497008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12106652 |
| Informa plc | &nbsp;&nbsp;&nbsp;&nbsp;809296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5156767 |
| InterContinental Hotels Group plc | &nbsp;&nbsp;&nbsp;&nbsp;100694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5410359 |
| Intertek Group plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3737270 |
| J Sainsbury plc | &nbsp;&nbsp;&nbsp;&nbsp;967970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2157695 |
| J.D. Sports Fashion plc | &nbsp;&nbsp;1410707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1576366 |
| Johnson Matthey plc | &nbsp;&nbsp;&nbsp;&nbsp;100739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2236163 |
| Kingfisher plc | &nbsp;&nbsp;1109571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2787722 |
| Land Securities Group plc | &nbsp;&nbsp;&nbsp;&nbsp;396394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2591975 |
| Legal & General Group plc | &nbsp;&nbsp;3289889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8801307 |
| Lloyds Banking Group plc | 38316715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18402255 |
| London Stock Exchange Group plc | &nbsp;&nbsp;&nbsp;&nbsp;181302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15715619 |
| M&G plc | &nbsp;&nbsp;1427352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2868441 |
| Melrose Industries plc | &nbsp;&nbsp;2419993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3246137 |
| Mondi plc | &nbsp;&nbsp;&nbsp;&nbsp;266149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4465572 |
| National Grid plc | &nbsp;&nbsp;2008750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21885564 |
| NatWest Group plc | &nbsp;&nbsp;2928845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7888261 |
| Next plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4077942 |
| NMC Health plc *\*(b)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Ocado Group plc \* | &nbsp;&nbsp;&nbsp;&nbsp;317898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723419 |
| Pearson plc | &nbsp;&nbsp;&nbsp;&nbsp;365136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4035890 |
| Persimmon plc | &nbsp;&nbsp;&nbsp;&nbsp;172665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2583735 |
| Phoenix Group Holdings plc | &nbsp;&nbsp;&nbsp;&nbsp;408360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2541621 |
| Prudential plc | &nbsp;&nbsp;1511015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14036814 |
| Reckitt Benckiser Group plc | &nbsp;&nbsp;&nbsp;&nbsp;393665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26125167 |
| RELX plc | &nbsp;&nbsp;1060517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28485998 |
| Rentokil Initial plc | &nbsp;&nbsp;1377187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8593790 |
| Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp;618844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32341790 |
| Rolls-Royce Holdings plc \* | &nbsp;&nbsp;4629426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4151959 |
| Schroders plc | &nbsp;&nbsp;&nbsp;&nbsp;397888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1786519 |
| Segro plc | &nbsp;&nbsp;&nbsp;&nbsp;660095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5940854 |
| Severn Trent plc | &nbsp;&nbsp;&nbsp;&nbsp;137775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3954103 |
| Shell plc | &nbsp;&nbsp;4094637 | &nbsp;&nbsp;&nbsp;&nbsp;113427933 |
| Smith & Nephew plc | &nbsp;&nbsp;&nbsp;&nbsp;478229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5651185 |
| Smiths Group plc | &nbsp;&nbsp;&nbsp;&nbsp;206872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3705603 |
| Spirax-Sarco Engineering plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4962366 |
| SSE plc | &nbsp;&nbsp;&nbsp;&nbsp;587068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10491420 |
| St. James's Place plc | &nbsp;&nbsp;&nbsp;&nbsp;302176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3690036 |
| Standard Chartered plc | &nbsp;&nbsp;1389145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8299775 |
| Taylor Wimpey plc | &nbsp;&nbsp;1928750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2073653 |
| Tesco plc | &nbsp;&nbsp;4151455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10253598 |
| The British Land Co., plc | &nbsp;&nbsp;&nbsp;&nbsp;473989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1988331 |
| The Sage Group plc | &nbsp;&nbsp;&nbsp;&nbsp;555623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4630968 |
| Unilever plc | &nbsp;&nbsp;1404611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63845665 |
| United Utilities Group plc | &nbsp;&nbsp;&nbsp;&nbsp;380637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4101817 |
| Vodafone Group plc | 14697880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17158331 |
| Whitbread plc | &nbsp;&nbsp;&nbsp;&nbsp;112989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3325502 |
| WPP plc | &nbsp;&nbsp;&nbsp;&nbsp;607436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5345526 |
|  |  | **1106163153** |
| **Total Common Stocks<br> (Cost $6,679,807,016)** | **Total Common Stocks<br> (Cost $6,679,807,016)** | **7046907666** |
| **PREFERRED STOCKS 0.5% OF NET ASSETS** | **PREFERRED STOCKS 0.5% OF NET ASSETS** | **PREFERRED STOCKS 0.5% OF NET ASSETS** |
| &nbsp;&nbsp;**Germany 0.5%** | &nbsp;&nbsp;**Germany 0.5%** | &nbsp;&nbsp;**Germany 0.5%** |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2356190 |
| Dr Ing hc F Porsche AG \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6364612 |
| Henkel AG & Co. KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6168692 |
| Porsche Automobil Holding SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4680193 |
| Sartorius AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4740223 |
| Volkswagen AG | &nbsp;&nbsp;&nbsp;&nbsp;101615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13006856 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**37316766** |
| **Total Preferred Stocks<br> (Cost $40,517,509)** | **Total Preferred Stocks<br> (Cost $40,517,509)** | &nbsp;&nbsp;&nbsp;&nbsp;**37316766** |

---

<sub>152</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBEROF SHARES | 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** |
| &nbsp;&nbsp;**Money Market Funds 0.5%** | &nbsp;&nbsp;**Money Market Funds 0.5%** | &nbsp;&nbsp;**Money Market Funds 0.5%** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.01% *(c)(d)* | 37595691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**37595691** |
| **Total Short-Term Investments<br> (Cost $37,595,691)** | **Total Short-Term Investments<br> (Cost $37,595,691)** | &nbsp;&nbsp;&nbsp;&nbsp;**37595691** |
| **Total Investments in Securities<br> (Cost $6,757,920,216)** | **Total Investments in Securities<br> (Cost $6,757,920,216)** | **7121820123** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS | NOTIONAL <br> AMOUNT<br> ($) | CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($) |
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| MSCI EAFE Index, expires 12/16/22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44512065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**483501** |

---

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $34,793,118.

*(b)* Fair-valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information).

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

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

---

| | |
|:---|:---|
| ADR — | American Depositary Receipt |
| CVA — | Dutch Certificate |
| GDR — | Global Depositary Receipt |
| REIT — | Real Estate Investment Trust |

---

------

The following is a summary of the inputs used to value the fund's investments as of October 31, 2022 (see financial note 2(a) for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1) | &nbsp;&nbsp;&nbsp;OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2) | &nbsp;&nbsp;&nbsp;SIGNIFICANT <br> UNOBSERVABLE INPUTS<br> (LEVEL 3) | &nbsp;&nbsp;&nbsp;TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$4735572264 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$4735572264 |
| &nbsp;&nbsp;&nbsp;&nbsp;Australia | &nbsp;&nbsp;&nbsp;&nbsp;5642212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560717035 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566359247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;1113317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177815847 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178929164 |
| &nbsp;&nbsp;&nbsp;&nbsp;Israel | &nbsp;&nbsp;&nbsp;19984532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41299522 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61284054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Netherlands | &nbsp;&nbsp;&nbsp;13324664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278642646 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291967310 |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore | &nbsp;&nbsp;&nbsp;11746499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94885975 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106632474 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1106163153 | &nbsp;&nbsp;&nbsp;&nbsp;0\* | &nbsp;&nbsp;&nbsp;&nbsp;1106163153 |
| Preferred Stocks<sup>1</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;&nbsp;6364612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30952154 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37316766 |
| Short-Term Investments<sup>1</sup> | &nbsp;&nbsp;&nbsp;37595691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37595691 |
| Futures Contracts<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483501 |
| **Total** | **$96255028** | &nbsp;&nbsp;&nbsp;**$7026048596** | &nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;**$7122303624** |

---

\* Level 3 amount shown includes securities determined to have no value at October 31, 2022.

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

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.

<sub>153</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Statement of Assets and Liabilities

------

As of October 31, 2022

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - unaffiliated (cost $6,757,920,216) including securities on loan of $34,793,118 |  | &nbsp;&nbsp;$7121820123 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83678 |
| Foreign currency, at value (cost $4,045,112) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4011241 |
| Deposit with broker for futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2763613 |
| Receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign tax reclaims |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18492420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17358669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10564659 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments sold |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1755544 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from securities on loan | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17983 |
| **Total assets** |  | &nbsp;&nbsp;&nbsp;**7176867930** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37595691 |
| Payables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11496403 |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373726 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333729 |
| **Total liabilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**49799549** |
| **Net assets** |  | **$7127068381** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | &nbsp;&nbsp;$7234981022 |
| Total distributable loss | + | &nbsp;&nbsp;&nbsp;&nbsp;(107912641) |
| **Net assets** |  | **$7127068381** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** | **Net Asset Value (NAV)** |
| **Net Assets** | **÷** | **Shares <br> Outstanding** | **=** | **NAV** |
| $7127068381 |  | 392283690 |  | $18.17 |

---

<sub>154</sub>

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See financial notes

------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 | For the period November 1, 2021 through October 31, 2022 |
| **Investment Income** | **Investment Income** | **Investment Income** |
| Dividends received from securities - unaffiliated (net of foreign withholding tax of $25,454,968) |  | &nbsp;&nbsp;&nbsp;&nbsp;$257443454 |
| Securities on loan, net | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319517 |
| **Total investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**257762971** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4860768 |
| Proxy fees<sup>1</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374802 |
| Professional fees | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17455 <sup>2</sup> |
| **Total expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5253025** |
| Expense reduction |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17455 <sup>2</sup> |
| **Net expenses** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5235570** |
| **Net investment income** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**252527401** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(170907944) |
| Net realized losses on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17316756) |
| Net realized losses on foreign currency transactions | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4093297) |
| **Net realized losses** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(192317997)** |
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated |  | &nbsp;&nbsp;&nbsp;(2182547937) |
| Net change in unrealized appreciation (depreciation) on futures contracts |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62489) |
| Net change in unrealized appreciation (depreciation) on foreign currency translations | + | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2392845) |
| **Net change in unrealized appreciation (depreciation)** | **+** | &nbsp;&nbsp;&nbsp;**(2185003271)** |
| **Net realized and unrealized losses** |  | &nbsp;&nbsp;&nbsp;**(2377321268)** |
| **Decrease in net assets resulting from operations** |  | **($2124793867)** |

---

<sup>1</sup> Proxy fees are non-routine expenses (see financial note 2(e) for additional information).

<sup>2</sup> Professional fees associated with the filing of tax claims in the European Union deemed to be non-contingent and non-routine expenses of the fund. (see financial notes 2(d) and 4 for additional information).

<sub>155</sub>

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------

[**Table of Contents**](#job_schwa_b3344e03-3332-4116-9e35-d79e24bcf89f_toc)

Schwab International Index Fund

## Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | &nbsp;&nbsp;&nbsp;11/1/20-10/31/21 |
| Net investment income |  | &nbsp;&nbsp;&nbsp;&nbsp;$252527401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$220308471 |
| Net realized losses |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(192317997) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12480045) |
| Net change in unrealized appreciation (depreciation) | + | &nbsp;&nbsp;&nbsp;(2185003271) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1870184169 |
| **Increase (decrease) in net assets resulting from operations** |  | **($2124793867)** | &nbsp;&nbsp;&nbsp;**$2078012595** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | &nbsp;&nbsp;&nbsp;**($287643160)** | &nbsp;&nbsp;&nbsp;&nbsp;**($134266147)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;VALUE | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;VALUE |
| Shares sold |  | &nbsp;&nbsp;&nbsp;98990068 | &nbsp;&nbsp;&nbsp;&nbsp;$2090708813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84577903 | &nbsp;&nbsp;&nbsp;&nbsp;$1955546476 |
| Shares reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp;8669015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198780492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4139456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90364312 |
| Shares redeemed | + | &nbsp;&nbsp;(74590851) | &nbsp;&nbsp;&nbsp;&nbsp;(1531205969) | &nbsp;&nbsp;&nbsp;&nbsp;(49400102) | &nbsp;&nbsp;&nbsp;&nbsp;(1145927182) |
| **Net transactions in fund shares** |  | &nbsp;&nbsp;&nbsp;**33068232** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$758283336** | &nbsp;&nbsp;&nbsp;&nbsp;**39317257** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$899983606** |
| **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** |
|  | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/21-10/31/22 | 11/1/20-10/31/21 | 11/1/20-10/31/21 |
|  |  | SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS | &nbsp;&nbsp;&nbsp;SHARES | &nbsp;&nbsp;&nbsp;NET ASSETS |
| Beginning of period |  | &nbsp;&nbsp;359215458 | &nbsp;&nbsp;&nbsp;&nbsp;$8781222072 | &nbsp;&nbsp;&nbsp;&nbsp;319898201 | &nbsp;&nbsp;&nbsp;&nbsp;$5937492018 |
| Total increase (decrease) | + | &nbsp;&nbsp;&nbsp;33068232 | &nbsp;&nbsp;&nbsp;&nbsp;(1654153691) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39317257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2843730054 |
| **End of period** |  | **392283690** | &nbsp;&nbsp;&nbsp;**$7127068381** | &nbsp;&nbsp;&nbsp;**359215458** | &nbsp;&nbsp;&nbsp;**$8781222072** |

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Schwab Equity Index Funds

## Financial Notes

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1. Business Structure of the Funds:

Each of the funds in this report is a series of Schwab Capital Trust, except Schwab 1000 Index Fund, which is a series of Schwab Investments. Both Schwab Capital Trust and Schwab Investments (the trusts) are no-load, open-end management investment companies. Each 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 funds in the trusts as of the end of the period, including the funds discussed in this report, which are highlighted:

---

| | |
|:---|:---|
| **SCHWAB CAPITAL TRUST (ORGANIZED MAY 7, 1993)** | **SCHWAB CAPITAL TRUST (ORGANIZED MAY 7, 1993)** |
| **Schwab S&P 500 Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2045 Fund |
| **Schwab Small-Cap Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2050 Fund |
| **Schwab Total Stock Market Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2055 Fund |
| **Schwab U.S. Large-Cap Growth Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2060 Fund |
| **Schwab U.S. Large-Cap Value Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2065 Fund |
| **Schwab U.S. Mid-Cap Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Fundamental US Large Company Index Fund |
| **Schwab International Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Fundamental US Small Company Index Fund |
| Schwab MarketTrack All Equity Portfolio™ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Fundamental International Large Company Index Fund |
| Schwab MarketTrack Growth Portfolio™ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Fundamental International Small Company Index Fund |
| Schwab MarketTrack Balanced Portfolio™ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Fundamental Emerging Markets Large Company Index Fund |
| Schwab MarketTrack Conservative Portfolio™ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Fundamental Global Real Estate Index Fund |
| Schwab International Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2010 Index Fund |
| Schwab Balanced Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2015 Index Fund |
| Schwab Core Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2020 Index Fund |
| Schwab Dividend Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2025 Index Fund |
| Schwab Large-Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2030 Index Fund |
| Schwab Small-Cap Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2035 Index Fund |
| Schwab Health Care Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2040 Index Fund |
| Schwab International Core Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2045 Index Fund |
| Schwab Target 2010 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2050 Index Fund |
| Schwab Target 2015 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2055 Index Fund |
| Schwab Target 2020 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2060 Index Fund |
| Schwab Target 2025 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Target 2065 Index Fund |
| Schwab Target 2030 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Monthly Income Fund – Target Payout |
| Schwab Target 2035 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Monthly Income Fund – Flexible Payout |
| Schwab Target 2040 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Monthly Income Fund – Income Payout |
| **SCHWAB INVESTMENTS (ORGANIZED OCTOBER 26, 1990)** | **SCHWAB INVESTMENTS (ORGANIZED OCTOBER 26, 1990)** |
| **Schwab 1000 Index Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Tax-Free Bond Fund |
| Schwab Treasury Inflation Protected Securities Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab California Tax-Free Bond Fund |
| Schwab U.S. Aggregate Bond Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Opportunistic Municipal Bond Fund |
| Schwab Short-Term Bond Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schwab Global Real Estate Fund |

---

Each fund in this report offers one share class. Shares are bought and sold at closing net asset value per share (NAV), 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 (the Board) 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.

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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 *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 certain mutual funds and exchange-traded funds (ETFs), 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, which are filed with the U.S. Securities and Exchange Commission (SEC) and are available on the SEC's website at www.sec.gov.

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## Financial Notes (continued)

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2. Significant Accounting Policies (continued):

(a) Security Valuation:

Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated authority to a Valuation Designee, the funds' investment adviser, to make fair valuation determinations under adopted procedures, subject to Board oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities and 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 the funds' 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;• **Securities traded on an exchange or over-the-counter:** Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at the mean of the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

&nbsp;&nbsp;&nbsp;&nbsp;• **Foreign equity security fair valuation:** The Valuation Designee has adopted procedures to fair value foreign equity securities that are traded in markets that close prior to the valuation of a fund's holdings. By fair valuing securities whose prices may have been affected by events occurring after the close of trading, the Valuation Designee seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter "arbitrage" market timers, who seek to exploit delays between the change in the value of a fund's portfolio holdings and the NAV of a fund's shares and seeks to help ensure that the prices at which a fund's shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of a fund and that of its comparative index or benchmark.

&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;• **Mutual funds:** Mutual funds are valued at their respective NAVs.

&nbsp;&nbsp;&nbsp;&nbsp;• **Cash management sweep time deposits:** Balances held in cash management sweep time deposits were accounted for on a cost basis, which approximates fair value.

&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 is 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.

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2. Significant Accounting Policies (continued):

The three levels of the fair value hierarchy are as follows:

&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, and whose values are therefore classified as Level 1 prices, include active listed equities, mutual funds, ETFs and futures contracts. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, which are classified as Level 1 prices, without consideration to the classification level of the underlying securities held by an underlying fund.

&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 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. In addition, international securities whose markets close hours before the valuation of a fund's holdings may require fair valuations due to significant movement in the U.S. markets occurring after the daily close of foreign markets. The Valuation Designee has approved a vendor that calculates fair valuations of international equity securities based on a number of factors that appear to correlate to the movements in the U.S. markets.

&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 the funds' 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 as of October 31, 2022 are disclosed in the 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.**

**Passive Foreign Investment Companies: Certain funds may own shares in certain foreign corporations that meet the Internal Revenue Code definition of a Passive Foreign Investment Company (PFIC). The funds may elect for tax purposes to mark-to-market annually the shares of each PFIC lot held and would be required to distribute as ordinary income to shareholders any such marked-to-market gains (as well as any gains realized on sale).**

**Securities Lending: Under the trusts' 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**

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2. Significant Accounting Policies (continued):

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 fair 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 agents start at 9% of gross lending 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 October 31, 2022, Schwab 1000 Index Fund, Schwab Small-Cap Index Fund, Schwab Total Stock Market Index Fund, Schwab U.S. Large-Cap Growth Index Fund, Schwab U.S. Large-Cap Value Index Fund, Schwab U.S. Mid-Cap Index Fund and Schwab International Index Fund had securities on loan, all of which were classified as common stocks. The value of the securities on loan and the related collateral as of October 31, 2022, if any, are disclosed in each fund's Portfolio Holdings and Statement of Assets and Liabilities.

**Cash Management Transactions: Effective May 23, 2022, Brown Brothers Harriman & Co. (BBH) was replaced by Citibank N.A. as custodian of the funds, except for Schwab 1000 Index Fund, Schwab U.S. Large-Cap Growth Index Fund, Schwab U.S. Large-Cap Value Index Fund and Schwab U.S. Mid-Cap Index Fund. The funds no longer subscribe to the BBH Cash Management Service Sweep (CMS Sweep). The BBH CMS Sweep was an investment product that automatically swept the funds' cash balances into overnight offshore time deposits with either the BBH Grand Cayman branch or a branch of a pre-approved commercial bank. This fully automated program allowed the funds to earn interest on cash balances. Excess cash invested with deposit institutions domiciled outside of the U.S., as with any offshore deposit, was subject to sovereign actions in the jurisdiction of the deposit institution including, but not limited to, freeze, seizure or diminution. The funds assumed the risk associated with the repayment of principal and payment of interest on such instruments by the institution with which the deposit is ultimately placed. The funds terminated the CMS Sweep program and cash was returned to the funds prior to terminating services with BBH.**

**Cash Investments: The funds may invest a portion of their assets in cash. Cash includes cash bank balances in an interest-bearing demand deposit account with maturity on demand by the funds, except for Schwab 1000 Index Fund, Schwab U.S. Large-Cap Growth Index Fund, Schwab U.S. Large-Cap Value Index Fund and Schwab U.S. Mid-Cap Index Fund.**

**Central Securities Depositories Regulation: Effective February 1, 2022, the Central Securities Depositories Regulation (CSDR) introduced new measures for the authorization and supervision of European Union Central Security Depositories and created a common set of prudential, organizational, and conduct of business standards at a European level. CSDR is designed to support securities settlement and operational aspects of securities settlement, including the provision of shorter settlement periods; mandatory buy-ins; and cash penalties, to prevent and address settlement fails. CSDR measures are aimed to prevent settlement fails by ensuring that all transaction details are provided to facilitate settlement, as well as further incentivizing timely settlement by imposing cash penalty fines and buy-ins. The Schwab International Index Fund may be subject to pay cash penalties and may also receive cash penalties with certain counterparties in instances where there are settlement fails. These cash penalties are included in net realized gains (losses) on sales of securities in the fund's Statement of Operations, if any.**

(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.

Assets and liabilities denominated in foreign currencies are reported in U.S. dollars. For assets and liabilities held on a given date, the dollar value is based on market exchange rates in effect on that date. Transactions involving foreign currencies, including purchases, sales, income receipts and expense payments, are calculated using exchange rates in effect on the transaction date. Realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange appreciation or depreciation arises from changes in foreign exchange rates on foreign denominated assets and liabilities other than investments in securities held at the end of the reporting period. These realized and unrealized foreign exchange gains or losses are reported in foreign currency transactions or translations in the Statement of Operations. The funds do not isolate the portion of the fluctuations on investments resulting from changes in foreign currency exchange rates from the fluctuations in market prices of investments held. Such fluctuations are included with the net realized and unrealized gain or loss from investments.

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2. Significant Accounting Policies (continued):

Gains realized by the funds on the sale of securities in certain foreign countries may be subject to non-U.S. taxes. In those instances, the funds record a liability based on unrealized appreciation to provide for potential non-U.S. taxes payable upon the sale of these securities.

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. Dividends, in the form of cash or non-cash income such as in the form of additional securities, and distributions from portfolio securities and underlying funds are recorded on the date they are effective (the ex-dividend date), although the funds record certain foreign security dividends on the date the ex-dividend date is confirmed. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.

Income received from foreign sources may result in withholding tax. Withholding taxes are accrued at the same time as the related income if the tax rate is fixed and known, unless a tax withheld is reclaimable from the local tax authorities in which case it is recorded as receivable. If the tax rate is not known or estimable, such expense or reclaim receivable is recorded when the net proceeds are received.

The Schwab International Index Fund filed claims to recover taxes previously withheld in certain European Union countries on the basis that those countries had purportedly violated certain provisions in the Treaty on the Functioning of the European Union. These filings are subject to various administrative and judicial proceedings within these countries, and all professional fees associated with these filings have been paid by the investment adviser. For additional details see Affiliates and Affiliated Transactions in financial note 4, Other Affiliated Transactions.

(e) Expenses:

Pursuant to an Amended and Restated Investment Advisory and Administration Agreement (Advisory Agreement) between the investment adviser and each trust, the investment adviser pays the operating expenses of each fund, 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.

(f) Distributions to Shareholders:

The funds make distributions from net investment income and 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 respective shareholders each year. As long as a fund meets the tax requirements, it is not required to pay federal income tax.

(i) Foreign Taxes:

The funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, corporate events, foreign currency exchanges and capital gains on investments. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in foreign markets in which the funds invest. These foreign taxes, if any, are paid by the funds and are disclosed in the Statement of Operations. Foreign taxes accrued as of October 31, 2022, if any, are reflected in each fund's Statement of Assets and Liabilities.

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2. Significant Accounting Policies (continued):

(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.

(k) Regulatory Update:

In October 2022, the SEC adopted rule and form amendments to require mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information deemed important for retail investors to assess and monitor their fund investments. Other information, including financial statements, will no longer appear in funds' streamlined shareholder reports but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments will be effective on January 24, 2023 and the compliance date will be July 24, 2024. At this time, management is evaluating the impact of these rule and form amendment changes on the content of the current shareholder report and the newly created annual and semiannual streamlined shareholder reports.

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3. Risk Factors:

Investing in the funds may involve certain risks, as discussed in the funds' prospectuses, including, but not limited to, those described below. Any of these risks could cause an investor to lose money.

**Market Risk. Financial markets rise and fall in response to a variety of factors, sometimes rapidly and unpredictably. Markets may be impacted by economic, political, regulatory and other conditions, including economic sanctions and other government actions. In addition, the occurrence of global events, such as war, terrorism, environmental disasters, natural disasters and epidemics, may also negatively affect the financial markets. As with any investment whose performance is tied to these markets, the value of an investment in a fund will fluctuate, which means that an investor could lose money over short or long periods.**

**Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.**

**Investment Style Risk. The funds are index funds. Therefore, each fund follows the securities included in its respective index during upturns as well as downturns. Because of its indexing strategy, a fund does not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of a fund's expenses, a fund's performance may be below that of the index. Errors relating to the index may occur from time to time and may not be identified by the index provider for a period of time. In addition, market disruptions could cause delays in an index's rebalancing schedule. Such errors and/or market disruptions may result in losses for a fund.**

**Tracking Error Risk. As index funds, each fund seeks to track the performance of its respective index, although it may not be successful in doing so. The divergence between the performance of a fund and the index, positive or negative, is called "tracking error." Tracking error can be caused by many factors and it may be significant.**

**Sampling Index Tracking Risk. To the extent a fund uses sampling techniques, a fund will not fully replicate its index and may hold securities not included in the index. As a result, a fund will be subject to the risk that the investment adviser's investment strategy, the implementation of which is subject to a number of constraints, may not produce the intended results. If a fund utilizes a sampling approach, it may not track the return of the index as well as it would if the fund purchased all of the securities in the index.**

**Concentration Risk. To the extent that a fund's or its respective index's portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector, country or asset class, the fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more vulnerable to adverse economic, market, political or regulatory occurrences affecting that market, industry, group of industries, sector, country or asset class.**

**Market Capitalization Risk. Securities issued by companies of different market capitalizations tend to go in and out of favor based on market and economic conditions. During a period when securities of a particular market capitalization fall behind other types of investments, the fund's performance could be impacted.**

**Large-Cap Company Risk. Large-cap companies are generally more mature and the securities issued by these companies may not be able to reach the same levels of growth as the securities issued by small- or mid-cap companies.**

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3. Risk Factors (continued):

**Mid-Cap Company Risk. Mid-cap companies may be more vulnerable to adverse business or economic events than larger, more established companies and the value of securities issued by these companies may move sharply.**

**Small-Cap Company Risk. Securities issued by small-cap companies may be riskier than those issued by larger companies, and their prices may move sharply, especially during market upturns and downturns.**

**Growth Investing Risk. Growth stocks can be volatile. Growth companies usually invest a high portion of earnings in their businesses and may lack the dividends of value stocks that can cushion stock prices in a falling market. The prices of growth stocks are based largely on projections of the issuer's future earnings and revenues. If a company's earnings or revenues fall short of expectations, its stock price may fall dramatically. Growth stocks may also be more expensive relative to their earnings or assets compared to value or other stocks.**

**Value Investing Risk. Certain funds emphasize a "value" style of investing, which targets undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on "value" securities may not move in tandem with the returns on other styles of investing or the stock market in general.**

**Foreign Investment Risk. A fund's investments in securities of foreign issuers involve certain risks that may be greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may negatively impact the value or liquidity of a fund's investments, and could impair the fund's ability to meet its investment objective or invest in accordance with its investment strategy. There is a risk that investments in securities denominated in, and/or receiving revenues in, foreign currencies will decline in value relative to the U.S. dollar. Foreign securities also include American Depositary Receipts, Global Depositary Receipts (GDRs) and European Depositary Receipts, which may be less liquid than the underlying shares in their primary trading market, and GDRs, in particular, many of which are issued by companies in emerging markets, may be more volatile. To the extent a fund's investments in a single country or a limited number of countries represent a large percentage of the fund's assets, the fund's performance may be adversely affected by the economic, political, regulatory and social conditions in those countries, and the fund's price may be more volatile than the price of a fund that is geographically diversified.**

**Derivatives Risk. A fund may use derivatives to enhance returns or hedge against market declines. Examples of derivatives are futures and options on futures. An option is the right to buy or sell an instrument at a specific price before a specific date. A future is an agreement to buy or sell a financial instrument at a specific price on a specific day. The use of derivatives that are subject to regulation by the Commodity Futures Trading Commission (CFTC) could cause a fund to become a commodity pool, which would require the fund to comply with certain CFTC rules.**

A fund's use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Certain of these risks, such as liquidity risk and market risk, are discussed elsewhere in this section. A fund's use of derivatives is also subject to lack of availability risk, credit risk, leverage risk, valuation risk, correlation risk and tax risk. Lack of availability risk is the risk that suitable derivative transactions may not be available in all circumstances for risk management or other purposes. Credit risk is the risk that the counterparty to a derivatives transaction may not fulfill its obligations. Leverage risk is the risk that a small percentage of assets invested in derivatives can have a disproportionately large impact on a fund. Valuation risk is the risk that a particular derivative may be valued incorrectly. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Tax risk is the risk that the use of derivatives may cause a fund to realize higher amounts of short-term capital gains. A fund's use of derivatives could reduce the fund's performance, increase its volatility, and could cause the fund to lose more than the initial amount invested.

**Liquidity Risk. A fund may be unable to sell certain securities, such as illiquid securities, readily at a favorable time or price, or the fund may have to sell them at a loss.**

**Securities Lending Risk. Securities lending involves the risk of loss of rights in, or delay in recovery of, the loaned securities if the borrower fails to return the security loaned or becomes insolvent.**

Please refer to the funds' prospectus for a more complete description of the principal risks of investing in the funds.

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**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 an Advisory Agreement between the investment adviser and each 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> S&P 500<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> 1000<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> SMALL-CAP<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> TOTAL STOCK<br> MARKET<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> U.S. LARGE-CAP<br> GROWTH<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> U.S. LARGE-CAP<br> VALUE<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> U.S. MID-CAP<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> INTERNATIONAL<br> INDEX FUND |
| 0.02% | &nbsp;&nbsp;0.05% | &nbsp;&nbsp;0.04% | &nbsp;&nbsp;0.03% | &nbsp;&nbsp;0.035% | &nbsp;&nbsp;0.035% | &nbsp;&nbsp;0.04% | &nbsp;&nbsp;0.06% |

---

#### Investments from Affiliates
Certain funds in the Fund Complex (for definition refer to the Trustees and Officers section) may own shares of other funds in the Fund Complex. The table below reflects the percentages of shares of each fund in this report that are owned by other funds in the Fund Complex as of October 31, 2022, as applicable:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | UNDERLYING FUNDS | UNDERLYING FUNDS | UNDERLYING FUNDS | UNDERLYING FUNDS | UNDERLYING FUNDS |
|  | SCHWAB <br> S&P 500<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> SMALL-CAP<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> U.S. LARGE-CAP<br> GROWTH<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> U.S. MID-CAP<br> INDEX FUND | &nbsp;&nbsp;SCHWAB <br> INTERNATIONAL<br> INDEX FUND |
| Schwab MarketTrack All Equity Portfolio | 0.4% | &nbsp;&nbsp;1.4% | &nbsp;&nbsp;3.6% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;1.3% |
| Schwab MarketTrack Balanced Portfolio | 0.2% | &nbsp;&nbsp;0.6% | &nbsp;&nbsp;1.7% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.5% |
| Schwab MarketTrack Conservative Portfolio | 0.1% | &nbsp;&nbsp;0.2% | &nbsp;&nbsp;0.5% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.2% |
| Schwab MarketTrack Growth Portfolio | 0.4% | &nbsp;&nbsp;1.4% | &nbsp;&nbsp;2.8% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;1.1% |
| Schwab Target 2010 Fund | 0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2015 Fund | 0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2020 Fund | 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.4% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2025 Fund | 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.6% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2030 Fund | 0.3% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;1.3% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2035 Fund | 0.2% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.8% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2040 Fund | 0.3% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;1.7% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2045 Fund | 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.4% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2050 Fund | 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.4% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2055 Fund | 0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.3% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2060 Fund | 0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.1% | &nbsp;&nbsp;&nbsp;&nbsp;—% |
| Schwab Target 2065 Fund | 0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;&nbsp;&nbsp;—% | &nbsp;&nbsp;0.0%\* | &nbsp;&nbsp;&nbsp;&nbsp;—% |

---

\* Less than 0.05%

#### Other Affiliated Transactions
The professional fees related to foreign withholding tax claims discussed in financial note 2(d) were non-routine expenses. The investment adviser agreed to pay these professional fees on behalf of the Schwab International Index Fund, subject to reimbursement to the extent the fund is able to successfully recover taxes withheld in the future.

For the period ended October 31, 2022, the professional fees incurred by the Schwab International Index Fund and paid by the investment adviser were $17,455, as shown as Professional fees in the Statement of Operations.

For the period ended October 31, 2022, the Schwab International Index Fund did not recover any previously withheld foreign taxes and made no reimbursements to the investment adviser.

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## Financial Notes (continued)

------

4. Affiliates and Affiliated Transactions (continued):

As of October 31, 2022, the balance of professional fees related to foreign withholding tax subject to future reimbursement by the Schwab International Index Fund to the investment adviser was $17,455.

No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty surrounding the ultimate resolution of proceedings, the likelihood of receipt of these claims, and the potential timing of payment.

#### 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 Fund 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. The funds had no interfund borrowing or lending activity during the period.

#### Interfund Transactions
The funds may engage in direct transactions with certain other funds in the Fund Complex in accordance with procedures adopted by the Board pursuant to Rule 17a-7 under the 1940 Act. When one fund is seeking to sell a security that another is seeking to buy, an interfund transaction can allow both funds to benefit by reducing transaction costs. This practice is limited to funds that share the same investment adviser, trustees and/or officers. For the period ended October 31, 2022, each fund's purchases and sales of securities with other funds in the Fund Complex as well as any realized gains (losses) were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | PURCHASE COST | &nbsp;&nbsp;SALE PROCEEDS | &nbsp;&nbsp;REALIZED GAINS (LOSSES) |
| Schwab S&P 500 Index Fund | $318195998 | &nbsp;&nbsp;$148096558 | &nbsp;&nbsp;($58405895) |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;108915902 | &nbsp;&nbsp;&nbsp;&nbsp;72503471 | &nbsp;&nbsp;&nbsp;&nbsp;(52980385) |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;75675878 | &nbsp;&nbsp;&nbsp;&nbsp;71460921 | &nbsp;&nbsp;&nbsp;&nbsp;(9946925) |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;126719035 | &nbsp;&nbsp;&nbsp;&nbsp;70305521 | &nbsp;&nbsp;&nbsp;&nbsp;(35740278) |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;60900179 | &nbsp;&nbsp;&nbsp;&nbsp;54811170 | &nbsp;&nbsp;&nbsp;&nbsp;(15209691) |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;73511996 | &nbsp;&nbsp;&nbsp;&nbsp;50433173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(447208) |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;33418330 | &nbsp;&nbsp;&nbsp;&nbsp;18146299 | &nbsp;&nbsp;&nbsp;&nbsp;(10277066) |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26797 | &nbsp;&nbsp;&nbsp;&nbsp;14543462 | &nbsp;&nbsp;&nbsp;&nbsp;(5047751) |

---

------

5. Board of Trustees:

The Board 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 trusts were in compliance with these limitations throughout the report period. The funds do not pay any interested or non-interested (independent trustees) trustees. The independent trustees are paid by the investment adviser. For information regarding the trustees, please refer to the Trustees and Officers table at the end of this report.

------

6. Borrowing from Banks:

During the period, the funds were participants with other funds in the Fund Complex in a joint, syndicated, committed $850 million line of credit (the Syndicated Credit Facility), which matured on September 29, 2022. On September 29, 2022, the Syndicated Credit Facility was amended to run for a new 364 day period with the line of credit amount increasing to $1 billion, maturing on September 28, 2023. 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 Fund 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 29, 2022. On September 29, 2022, the Uncommitted Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on September 28, 2023. Under the terms of the Uncommitted Credit Facility, the investment adviser pays interest on the amount a fund borrows. There were no borrowings from either line of credit during the period.

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Schwab Equity Index Funds

## Financial Notes (continued)

------

6. Borrowing from Banks (continued):

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. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.

------

7. Derivatives:

The funds entered into equity index futures contracts during the report period. The funds invested in futures contracts to equitize available cash. The value and variation margin for futures contracts held at October 31, 2022 are presented in the Portfolio Holdings and Statement of Assets and Liabilities, respectively. The net realized gains (losses) and net change in unrealized appreciation (depreciation) on futures contracts are presented in the Statement of Operations, if any. Refer to financial note 2(b) for the funds' accounting policies with respect to futures contracts and financial note 3 for disclosures concerning the risks of investing in futures contracts. During the period ended October 31, 2022, the month-end average notional amounts of futures contracts held by the funds and the month-end average number of contracts held were as follows:

---

| | | |
|:---|:---|:---|
|  | NOTIONAL AMOUNTS | &nbsp;&nbsp;NUMBER OF CONTRACTS |
| Schwab S&P 500 Index Fund | $308479043 | &nbsp;&nbsp;1443 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;53543576 | &nbsp;&nbsp;&nbsp;&nbsp;252 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;26446943 | &nbsp;&nbsp;&nbsp;&nbsp;264 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;83747872 | &nbsp;&nbsp;&nbsp;&nbsp;462 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3824246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2872935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4859089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;55419275 | &nbsp;&nbsp;&nbsp;&nbsp;548 |

---

------

8. Purchases and Sales of Investment Securities:

For the period ended October 31, 2022, purchases and sales of securities (excluding in-kind transactions and short-term obligations) were as follows:

---

| | | |
|:---|:---|:---|
|  | PURCHASES <br> OF SECURITIES | &nbsp;&nbsp;SALES <br> OF SECURITIES |
| Schwab S&P 500 Index Fund | $6338239393 | &nbsp;&nbsp;$1128726146 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;741161276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297120612 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;1479558224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896110327 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;1847143733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384654106 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;459123750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156043596 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;249347602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93887278 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;329236287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94784814 |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;1152675780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429495435 |

---

During the period ended October 31, 2022, the following funds had transactions in connection with in-kind transactions:

---

| | | |
|:---|:---|:---|
|  | IN-KIND PURCHASES<br> OF SECURITIES | &nbsp;&nbsp;IN-KIND SALES<br> OF SECURITIES |
| Schwab 1000 Index Fund | $— | &nbsp;&nbsp;$130625736 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;154617030 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;22015146 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;20979937 |

---

For the period ended October 31, 2022, where applicable, the funds realized net capital gains or losses resulting from in-kind redemptions. Because such gains or losses are not taxable to the funds and are not distributed to existing fund shareholders, the gains or losses are reclassified from accumulated net realized gains or losses to capital received from investors at the end of the funds' tax year. These reclassifications have no effect on net assets or net asset values per share. The net realized gains or losses on sales of in-kind redemptions for the period ended October 31, 2022, are disclosed in the funds' Statements of Operations, if any.

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**9. Federal Income Taxes:** 

As of October 31, 2022, the tax basis cost of the funds' investments and gross unrealized appreciation and depreciation were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TAX COST | &nbsp;&nbsp;GROSS UNREALIZED<br> APPRECIATION | &nbsp;&nbsp;GROSS UNREALIZED<br> DEPRECIATION | &nbsp;&nbsp;NET UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) |
| Schwab S&P 500 Index Fund | $30532850603 | &nbsp;&nbsp;$32045615799 | &nbsp;&nbsp;($1732330726) | &nbsp;&nbsp;$30313285073 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;3350432752 | &nbsp;&nbsp;&nbsp;&nbsp;8814241837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(264167926) | &nbsp;&nbsp;&nbsp;&nbsp;8550073911 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;4653768199 | &nbsp;&nbsp;&nbsp;&nbsp;1811947195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(981734216) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830212979 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;9606021717 | &nbsp;&nbsp;&nbsp;&nbsp;7300977616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(883253146) | &nbsp;&nbsp;&nbsp;&nbsp;6417724470 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824431051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164130707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62117705) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102013002 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592792293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119095255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64644301) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54450954 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855264291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160284467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(114116756) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46167711 |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;7070935445 | &nbsp;&nbsp;&nbsp;&nbsp;1192326347 | &nbsp;&nbsp;&nbsp;(1140958168) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51368179 |

---

As of October 31, 2022, the components of distributable earnings on a tax basis were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | UNDISTRIBUTED <br> ORDINARY<br> INCOME | &nbsp;&nbsp;UNDISTRIBUTED <br> LONG-TERM<br> CAPITAL GAINS | &nbsp;&nbsp;NET UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br> ON INVESTMENTS | &nbsp;&nbsp;NET OTHER UNREALIZED<br> APPRECIATION<br> (DEPRECIATION) | &nbsp;&nbsp;CAPITAL LOSS<br> CARRYFORWARDS<br> AND OTHER LOSSES | &nbsp;&nbsp;TOTAL |
| Schwab S&P 500 Index Fund | $784280824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$30313285073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;($91515940) | &nbsp;&nbsp;$31006049957 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;146361782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;8550073911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(90324047) | &nbsp;&nbsp;&nbsp;&nbsp;8606111646 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;45118253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830212979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(53188008) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822143224 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;196900319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;6417724470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(24579663) | &nbsp;&nbsp;&nbsp;&nbsp;6590045126 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;6352716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102013002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(28197584) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80168134 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;10224928 | &nbsp;&nbsp;794933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54450954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65470815 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;9919928 | &nbsp;&nbsp;782797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46167711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56870436 |
| Schwab International Index Fund | &nbsp;&nbsp;187757865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51368179 | &nbsp;&nbsp;(2415662) | &nbsp;&nbsp;(344623023) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(107912641) |

---

The primary differences between book basis and tax basis unrealized appreciation or unrealized depreciation of investments are the tax deferral of losses on wash sales, the realization for tax purposes of unrealized appreciation or depreciation on futures contracts, the realization for tax purposes of unrealized appreciation on investments in PFICs and partnership investments. 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.

Capital loss carryforwards have no expiration and may be used to offset future realized capital gains for federal income tax purposes. As of October 31, 2022, the funds had capital loss carryforwards available as follows:

---

| | |
|:---|:---|
| Schwab S&P 500 Index Fund | $91515940 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;90324047 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;53188008 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;24579663 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;28197584 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Schwab International Index Fund | 344623023 |

---

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9. Federal Income Taxes (continued):

The tax basis components of distributions paid during the current and prior fiscal years were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | CURRENT FISCAL YEAR END DISTRIBUTIONS | CURRENT FISCAL YEAR END DISTRIBUTIONS | &nbsp;&nbsp;PRIOR FISCAL YEAR END DISTRIBUTIONS | &nbsp;&nbsp;PRIOR FISCAL YEAR END DISTRIBUTIONS |
|  | ORDINARY <br> INCOME | &nbsp;&nbsp;LONG-TERM <br> CAPITAL<br> GAINS | &nbsp;&nbsp;ORDINARY <br> INCOME | &nbsp;&nbsp;LONG-TERM <br> CAPITAL<br> GAINS |
| Schwab S&P 500 Index Fund | $827352159 | &nbsp;&nbsp;$65457539 | &nbsp;&nbsp;$913293066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| Schwab 1000 Index Fund | &nbsp;&nbsp;170064667 | &nbsp;&nbsp;&nbsp;79902182 | &nbsp;&nbsp;&nbsp;189179998 | &nbsp;&nbsp;117107001 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;131927919 | &nbsp;&nbsp;399701902 | &nbsp;&nbsp;&nbsp;&nbsp;57108519 | &nbsp;&nbsp;&nbsp;72781270 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;225603990 | &nbsp;&nbsp;&nbsp;45585913 | &nbsp;&nbsp;&nbsp;218157695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;6371109 | &nbsp;&nbsp;&nbsp;&nbsp;9905946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3820481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;17495710 | &nbsp;&nbsp;&nbsp;10244421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7759956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;11729695 | &nbsp;&nbsp;&nbsp;14728113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8319433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Schwab International Index Fund | &nbsp;&nbsp;287643160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;134266147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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 on the financial statements. The funds may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

Permanent book and tax basis differences may result in reclassifications between components of net assets as required. The adjustments will have no impact on net assets or the results of operations.

As of October 31, 2022, 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. The funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the fiscal year ended October 31, 2022, the funds did not incur any interest or penalties.

------

10. 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.

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## Report of Independent Registered Public Accounting Firm

------

To the Board of Trustees of Schwab Investments and Schwab Capital Trust and Shareholders of Schwab 1000 Index Fund, Schwab S&P 500 Index Fund, Schwab Small-Cap Index Fund, Schwab Total Stock Market Index Fund, Schwab U.S. Large-Cap Growth Index Fund, Schwab U.S. Large-Cap Value Index Fund, Schwab U.S. Mid-Cap Index Fund, and Schwab International Index Fund:

#### Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statements of assets and liabilities, including the portfolio holdings, of Schwab 1000 Index Fund, one of the funds constituting Schwab Investments, and Schwab S&P 500 Index Fund, Schwab Small-Cap Index Fund, Schwab Total Stock Market Index Fund, Schwab U.S. Large-Cap Growth Index Fund, Schwab U.S. Large-Cap Value Index Fund, Schwab U.S. Mid-Cap Index Fund, and Schwab International Index Fund (the "Funds"), seven of the funds constituting Schwab Capital Trust, as of October 31, 2022, the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the three years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2022, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the three years in the period then ended in conformity with accounting principles generally accepted in the United States of America. The financial highlights for each of the two years in the period ended October 31, 2019 were audited by other auditors, whose report, dated December 16, 2019, expressed an unqualified opinion on such financial highlights.

#### Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2022, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

#### Deloitte & Touche LLP<br> Denver, Colorado<br> December 16, 2022
We have served as the auditor of one or more investment companies in the Schwab Funds Complex since 2020.

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## Other Federal Tax Information (unaudited)

------

Schwab International Index Fund may elect to pass on the benefits of the foreign tax credit of $20,771,811 to its shareholders for the fiscal year ended October 31, 2022. The respective foreign source income on the fund is $282,907,639.

For corporate shareholders, the following percentage of the funds' dividend distributions paid during the fiscal year ended October 31, 2022, qualify for the corporate dividends received deduction:

---

| | |
|:---|:---|
| Schwab S&P 500 Index Fund | 95.38% |
| Schwab 1000 Index Fund | 96.23% |
| Schwab Small-Cap Index Fund | 46.88% |
| Schwab Total Stock Market Index Fund | 91.04% |
| Schwab U.S. Large-Cap Growth Index Fund | 82.99% |
| Schwab U.S. Large-Cap Value Index Fund | 58.00% |
| Schwab U.S. Mid-Cap Index Fund | 71.49% |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—% |

---

For the fiscal year ended October 31, 2022, the funds designate the following amounts of the dividend distributions as qualified dividends for the purpose of the maximum rate under 1(h)(11) of the Internal Revenue Code. Shareholders will be notified in January 2023 via IRS Form 1099 of the amounts for use in preparing their 2022 income tax return.

---

| | |
|:---|:---|
| Schwab S&P 500 Index Fund | $827352159 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;169571883 |
| Schwab Small-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;93271782 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;211471310 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5391873 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;10503674 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8673831 |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;247613149 |

---

Under section 852(b)(3)(C) of the Internal Revenue Code, the funds hereby designate the following amounts as long-term capital gain dividends for the fiscal year ended October 31, 2022:

---

| | |
|:---|:---|
| Schwab S&P 500 Index Fund | $65457539 |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;79902182 |
| Schwab Small-Cap Index Fund | 399701902 |
| Schwab Total Stock Market Index Fund | &nbsp;&nbsp;&nbsp;45585913 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;9905946 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;10244421 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;14728113 |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

For the fiscal year ended October 31, 2022, the funds designate the following amounts as dividends eligible for the 20% qualified business income deduction under section 199A of the Internal Revenue Code. Shareholders will be notified in January 2023 via IRS Form 1099 of the amounts for use in preparing their 2022 income tax return.

---

| | |
|:---|:---|
| Schwab S&P 500 Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| Schwab 1000 Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;492784 |
| Schwab Small-Cap Index Fund | 10960111 |
| Schwab Total Stock Market Index Fund | 10371753 |
| Schwab U.S. Large-Cap Growth Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;181594 |
| Schwab U.S. Large-Cap Value Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;424790 |
| Schwab U.S. Mid-Cap Index Fund | &nbsp;&nbsp;&nbsp;1143524 |
| Schwab International Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

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## Shareholder Vote Results (unaudited)

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Separate Special Meetings of Shareholders of Schwab Capital Trust and Schwab Investments (the "Trusts") were held on June 1, 2022, for the purpose of seeking shareholder approval to elect the following individuals as trustees of the Trusts: Walter W. Bettinger II, Richard A. Wurster, Michael J. Beer, Robert W. Burns, Nancy F. Heller, David L. Mahoney, Jane P. Moncreiff, Kiran M. Patel, Kimberly S. Patmore, and J. Derek Penn. The number of votes necessary to conduct the Special Meetings and approve the proposal was obtained. The results of the shareholder vote are listed below:

#### Schwab Capital Trust

---

| | | |
|:---|:---|:---|
| **Proposal – To elect each of the<br> following individuals as trustees of the Trust:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**For** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Withheld** |
| Walter W. Bettinger II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095577106.505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115838980.968 |
| Richard A. Wurster | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1117598789.555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93817297.918 |
| Michael J. Beer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1116890447.505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94525639.968 |
| Robert W. Burns | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1117915860.110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93500227.363 |
| Nancy F. Heller | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119878732.134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91537355.339 |
| David L. Mahoney | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069125022.434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142291065.039 |
| Jane P. Moncreiff | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1120187927.838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91228159.635 |
| Kiran M. Patel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1116689111.571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94726975.902 |
| Kimberly S. Patmore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119941056.059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91475031.414 |
| J. Derek Penn | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1117666014.121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93750073.352 |

---

#### Schwab Investments

---

| | | |
|:---|:---|:---|
| **Proposal – To elect each of the<br> following individuals as trustees of the Trust:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**For** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Withheld** |
| Walter W. Bettinger II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423830446.945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41037210.315 |
| Richard A. Wurster | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449247822.632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15619834.628 |
| Michael J. Beer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449188616.594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15679040.666 |
| Robert W. Burns | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449093044.919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15774612.341 |
| Nancy F. Heller | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450193833.945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14673823.315 |
| David L. Mahoney | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419552571.056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45315086.204 |
| Jane P. Moncreiff | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450325483.733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14542173.527 |
| Kiran M. Patel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448721580.221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16146077.039 |
| Kimberly S. Patmore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449526424.435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15341232.825 |
| J. Derek Penn | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449384537.556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15483119.704 |

---

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## Liquidity Risk Management Program (unaudited)

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The funds have adopted and implemented a liquidity risk management program (the "program") as required by Rule 22e-4 under the Investment Company Act of 1940, as amended. The funds' Board of Trustees (the "Board") has designated the funds' investment adviser, Charles Schwab Investment Management, Inc., dba Schwab Asset Management, as the administrator of the program. Personnel of the investment adviser or its affiliates conduct the day-to-day operation of the program.

Under the program, the investment adviser manages a fund's liquidity risk, which is the risk that the fund could not meet shareholder redemption requests without significant dilution of remaining shareholders' interests in the fund. The program is reasonably designed to assess and manage a fund's liquidity risk, taking into consideration the fund's investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions; its historical redemption history and shareholder concentrations; and its cash holdings and access to other funding sources, including the custodian overdraft facility and lines of credit. The investment adviser's process of determining the degree of liquidity of each fund's investments is supported by third-party liquidity assessment vendors.

The funds' Board reviewed a report at its meeting held on September 19, 2022 prepared by the investment adviser regarding the operation and effectiveness of the program for the period June 1, 2021, through May 31, 2022, which included individual fund liquidity risk metrics. No significant liquidity events impacting any of the funds were noted in the report. In addition, the investment adviser provided its assessment that the program had been operating effectively in managing each fund's liquidity risk.

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## Investment Advisory Agreement Approval

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The Investment Company Act of 1940, as amended (the 1940 Act), requires that the continuation of a fund's investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or "interested persons" of any party (the Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund's trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.

The Board of Trustees (the Board or the Trustees, as appropriate) calls and holds one or more meetings each year that are dedicated, in whole or in part, to considering whether to renew the amended and restated investment advisory and administration agreements (the Agreements) between Schwab Capital Trust and Schwab Investments (collectively, the Trusts) and Charles Schwab Investment Management, Inc. (dba Schwab Asset Management) (the investment adviser) with respect to the existing funds in the Trusts, including Schwab S&P 500 Index Fund, Schwab 1000 Index Fund, Schwab Small-Cap Index Fund, Schwab Total Stock Market Index Fund, Schwab International Index Fund, Schwab U.S. Large-Cap Growth Index Fund, Schwab U.S. Large-Cap Value Index Fund, and Schwab U.S. Mid-Cap Index Fund (each, a Fund and collectively, the Funds), and to review certain other agreements pursuant to which the investment adviser provides investment advisory services to certain other registered investment companies. In preparation for the meeting(s), the Board requests and reviews a wide variety of materials provided by the investment adviser, including information about the investment adviser's affiliates, personnel, business goals and priorities, profitability, third-party oversight, corporate structure and operations. As part of the renewal process, the Independent Trustees' legal counsel, on behalf of the Independent Trustees, sends an information request letter to the investment adviser seeking certain relevant information. The responses by the investment adviser are provided to the Trustees in the Board materials for their review prior to their meeting, and the Trustees are provided with the opportunity to request any additional materials. The Board also receives data provided by an independent provider of investment company data. This information is in addition to the detailed information about the Funds that the Board reviews during the course of each year, including information that relates to the Funds' operations and performance, legal and compliance matters, risk management, portfolio turnover, and sales and marketing activity. In considering the renewal, the Independent Trustees receive advice from Independent Trustees' legal counsel, including a memorandum regarding the responsibilities of

trustees for the approval of investment advisory agreements. In addition, the Independent Trustees participate in question and answer sessions with representatives of the investment adviser and meet in executive session outside the presence of Fund management.

The Board, including a majority of the Independent Trustees, considered information specifically relating to the continuance of the Agreements with respect to the Funds at meetings held on May 16, 2022 and June 8, 2022, and approved the renewal of the Agreements with respect to the Funds for an additional one-year term at the meeting on June 8, 2022 called for the purpose of voting on such approval.

The Board's approval of the continuance of the Agreements with respect to the Funds was based on consideration and evaluation of a variety of specific factors discussed at these meetings and at prior meetings, including:

1. the nature, extent and
quality of the services provided to each Fund under the Agreements, including the resources of the investment adviser and its affiliates dedicated to the Funds;

2. each Fund's investment
performance and how it compared to that of certain other comparable mutual funds and benchmark data;

3. each Fund's expenses
and how those expenses compared to those of certain other similar mutual funds;

4. the profitability of the
investment adviser and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to each Fund, including both direct and indirect benefits accruing to the investment adviser and its affiliates; and

5. the extent
to which economies of scale would be realized as each Fund grows and whether fee levels in the Agreements reflect those economies of scale for the benefit of Fund investors.

**Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by the investment adviser to the Funds and the resources of the investment adviser and its affiliates dedicated to the Funds. In this regard, the Trustees evaluated, among other things, the investment adviser's experience, track record, compliance program, resources dedicated to hiring and retaining skilled personnel and specialized talent, and information security resources. The Trustees also considered information provided by the investment adviser relating to services and support provided with respect to each Fund's portfolio management team, portfolio strategy, and internal investment guidelines, as well as trading infrastructure, liquidity management, product design and analysis, shareholder communications, securities valuation, fund accounting and custody, and vendor and risk**

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oversight. The Trustees also considered investments the investment adviser has made in its infrastructure, including modernizing the investment adviser's technology and use of data, increasing expertise in key areas (including portfolio management and trade operations), and improving business continuity, cybersecurity, due diligence, risk management processes, and information security programs, which are designed to provide enhanced services to the Funds and their shareholders. The Trustees considered Schwab's overall financial condition and its reputation as a full service brokerage firm, as well as the wide range of products, services, and account features that benefit Fund shareholders who are brokerage clients of Schwab. Following such evaluation, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of services provided by the investment adviser to the Funds and the resources of the investment adviser and its affiliates dedicated to the Funds supported renewal of the Agreements with respect to the Funds.

**Fund Performance. The Board considered each Fund's performance in determining whether to renew the Agreements with respect to such Fund. Specifically, the Trustees considered each Fund's performance relative to a peer category of other mutual funds and applicable indices/benchmarks, in light of total return and market trends, as well as in consideration of each Fund's investment style and strategy attributes and disclosures. As part of this review, the Trustees considered the composition of the peer category, selection criteria and the reputation of the independent provider of investment company data who prepared the peer category analysis. In evaluating the performance of each Fund, the Trustees considered the risk profile for such Fund and such Fund's demonstrated performance in tracking its benchmark index. The Trustees further considered the level of Fund performance in the context of their review of Fund expenses and the investment adviser's profitability discussed below and also noted that the Board and a designated committee of the Board review performance throughout the year. Following such evaluation, the Board concluded, within the context of its full deliberations, that the performance of each Fund supported renewal of the Agreements with respect to such Fund.**

**Fund Expenses. With respect to each Fund's expenses, the Trustees considered the rate of compensation called for by the Agreements, and each Fund's operating expense ratio, in each case, in comparison to those of other similar mutual funds, such peer groups and comparisons having been selected and calculated by an independent provider of investment company data. The investment adviser reported to the Board, and the Board took into account, the risk assumed by the investment adviser in the development of the Funds and provision of services as well as the competitive marketplace for financial products. The Trustees also considered fees charged by the investment adviser to ETFs, other mutual funds and to other types of accounts, but, with respect to such other types of accounts, accorded less weight to such comparisons due to**

the different legal, regulatory, compliance and operating features of mutual funds as compared to these other types of accounts, and any differences in the nature and scope of the services the investment adviser provides to these other accounts, as well as differences in the market for these types of accounts. Following such evaluation, the Board concluded, within the context of its full deliberations, that the expenses of each Fund are reasonable and supported renewal of the Agreements with respect to such Fund.

**Profitability. The Trustees considered the compensation flowing to the investment adviser and its affiliates, directly or indirectly and reviewed profitability on a pre-tax basis, without regard to distribution expenses. In this connection, the Trustees reviewed management's profitability analyses. The Trustees also reviewed profitability of the investment adviser relating to the Schwab fund complex as a whole, noting the benefits to Fund shareholders of being part of the Schwab fund complex, including the allocations of certain fixed costs across the Funds and other funds in the complex. The Trustees also considered any other benefits derived by the investment adviser from its relationship with the Funds, such as whether, by virtue of its management of the Funds, the investment adviser obtains investment information or other research resources that aid it in providing advisory services to other clients. The Trustees considered whether the compensation and profitability with respect to the Funds under the Agreements and other service agreements were reasonable and justified in light of the quality of all services rendered to the Funds by the investment adviser and its affiliates. The Trustees noted that the investment adviser continues to invest substantial sums in its business in order to provide enhanced research capabilities, services and systems to benefit the Funds. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the profitability of the investment adviser with respect to each Fund is reasonable and supported renewal of the Agreements with respect to such Fund.**

**Economies of Scale. Although the Trustees recognized the difficulty of determining economies of scale with precision, the Trustees considered the potential existence of any economies of scale by way of the relatively low advisory fee and unitary fee structure of the Funds and whether those are passed along to a Fund's shareholders through (i) the enhancement of services provided to the Funds in return for fees paid, including through investments by the investment adviser in its infrastructure, including modernizing the investment adviser's technology and use of data, increasing expertise and capabilities in key areas (including portfolio and trade operations), and improving business continuity, cybersecurity, due diligence and information security programs, which are designed to provide enhanced services to the Funds and their shareholders; and (ii) pricing a fund to scale and keeping overall expenses down as the fund grows. The Trustees acknowledged that the investment adviser has shared any economies of scale with the Funds by investing in the investment adviser's infrastructure,**

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as discussed above, over time and that the investment adviser's internal costs of providing investment management, technology, administrative, legal and compliance services to the Funds continue to increase as a result of regulatory or other developments. Based on this evaluation, the Board concluded, within the context of its full deliberations, that each Fund obtains reasonable benefits from economies of scale.

In the course of their deliberations, the Trustees may have accorded different weights to various factors and did not identify any particular information or factor that was all

important or controlling. Based on the Trustees' deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, approved the continuation of the Agreements with respect to the Funds and concluded that the compensation under the Agreements with respect to the Funds is fair and reasonable in light of the services provided and the related expenses borne by the investment adviser and its affiliates and such other matters as the Trustees considered to be relevant in the exercise of their reasonable judgment.

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## Trustees and Officers

------

The tables below give information about the trustees and officers of Schwab Capital Trust and Schwab Investments, which includes the funds covered in this report. The "Fund Complex" includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust. The Fund Complex includes 105 funds.

The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the funds' Statement of Additional Information, which is available free by calling 1-877-824-5615.

---

| | | | |
|:---|:---|:---|:---|
| **Independent Trustees** | **Independent Trustees** | **Independent Trustees** | **Independent Trustees** |
| Name, Year of Birth, and<br> Position(s) with the trust<br> (Terms of office, and<br> length of Time Served<sup>1</sup>) | Principal Occupations<br> During the Past Five Years | Number of<br> Portfolios in<br> Fund Complex<br> Overseen by<br> the Trustee | Other Directorships |
| **<br> Michael J. Beer<br> 1961<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022)** | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 105 | Director (2016 – 2019), Principal Funds, Inc. |
| **Robert W. Burns<br> 1959<br> Trustee<br> (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016)** | Retired/Private Investor. | 105 |  |
| **Nancy F. Heller<br> 1956<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018)** | Retired. | 105 |  |
| **David L. Mahoney<br> 1954<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016)** | Private Investor. | 105 | Director (2004 – present), Corcept Therapeutics Incorporated<br> Director (2009 – 2021), Adamas Pharmaceuticals, Inc.<br> Director (2003 – 2019), Symantec Corporation |
| **Jane P. Moncreiff<br> 1961<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019)** | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 105 |  |

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---

| | | | |
|:---|:---|:---|:---|
| **Independent Trustees (continued)** | **Independent Trustees (continued)** | **Independent Trustees (continued)** | **Independent Trustees (continued)** |
| Name, Year of Birth, and<br> Position(s) with the trust<br> (Terms of office, and<br> length of Time Served<sup>1</sup>) | Principal Occupations<br> During the Past Five Years | Number of<br> Portfolios in<br> Fund Complex<br> Overseen by<br> the Trustee | Other Directorships |
| **Kiran M. Patel<br> 1948<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016)** | Retired. | 105 | Director (2008 – present), KLA-Tencor Corporation |
| **Kimberly S. Patmore<br> 1956<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016)** | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 105 |  |
| **<br> J. Derek Penn<br> 1957<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021)** | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 105 |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Interested Trustees** | **Interested Trustees** | **Interested Trustees** | **Interested Trustees** |
| Name, Year of Birth, and<br> Position(s) with the trust<br> (Terms of office, and<br> length of Time Served<sup>1</sup>) | Principal Occupations<br> During the Past Five Years | Number of<br> Portfolios in<br> Fund Complex<br> Overseen by<br> the Trustee | Other Directorships |
| **Walter W. Bettinger II<sup>2</sup> 1960<br> Chairman and Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010)** | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 105 | Director (2008 – present), The Charles Schwab Corporation |

---

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Schwab Equity Index Funds

---

| | | | |
|:---|:---|:---|:---|
| **Interested Trustees (continued)** | **Interested Trustees (continued)** | **Interested Trustees (continued)** | **Interested Trustees (continued)** |
| Name, Year of Birth, and<br> Position(s) with the trust<br> (Terms of office, and<br> length of Time Served<sup>1</sup>) | Principal Occupations<br> During the Past Five Years | Number of<br> Portfolios in<br> Fund Complex<br> Overseen by<br> the Trustee | Other Directorships |
| **Richard A. Wurster<sup>2</sup> 1973<br> Trustee<br> (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022)** | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 105 |  |

---

---

| | |
|:---|:---|
| **Officers of the Trust** | **Officers of the Trust** |
| Name, Year of Birth, and Position(s) with the trust<br> (Terms of office, and length of Time Served<sup>3</sup>) | Principal Occupations During the Past Five Years |
| **Jonathan de St. Paer<br> 1973<br> President and Chief Executive Officer<br> (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018)** | Director (Apr. 2019 – present), President (Oct. 2018 – present), Chief Operating Officer (Jan. 2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief Operating Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Apr. 2019 – present), President (Nov. 2018 – present) and Trustee (Apr. 2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (May 2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles Schwab & Co., Inc. |
| **Mark Fischer<br> 1970<br> Treasurer, Chief Financial Officer and Chief Operating Officer<br> (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013)** | Treasurer and Chief Financial Officer (Jan. 2016 – present) and Chief Operating Officer (Dec. 2020 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc. |
| **Omar Aguilar<br> 1970<br> Vice President and Chief Investment Officer<br> (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011)** | Chief Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
| **Brett Wander<br> 1961<br> Vice President and Chief Investment Officer<br> (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011)** | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
| **William P. McMahon, Jr.<br> 1972<br> Vice President and Chief Investment Officer<br> (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021)** | Senior Vice President and Chief Investment Officer (Jan. 2020 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |

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Schwab Equity Index Funds

---

| | |
|:---|:---|
| **Officers of the Trust (continued)** | **Officers of the Trust (continued)** |
| Name, Year of Birth, and Position(s) with the trust<br> (Terms of office, and length of Time Served<sup>3</sup>) | Principal Occupations During the Past Five Years |
| **Catherine MacGregor<br> 1964<br> Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs<br> Chief Legal Officer, Vice President and Clerk, Laudus Trust<br> (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009)** | Chief Legal Officer (Mar. 2022 – present) and Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (July 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |

---

<sup>1</sup> Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee's twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first.

<sup>2</sup> Mr. Bettinger and Mr. Wurster are Interested Trustees. Mr. Bettinger and Mr. Wurster are Interested Trustees because each owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc., the investment adviser for the trusts in the Fund Complex, and is an employee of Charles Schwab & Co., Inc. (Schwab), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust.

<sup>3</sup> The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board.

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Schwab Equity Index Funds

## Glossary

------

#### asset allocation The practice of dividing a portfolio among different asset classes, with each asset class assigned a particular percentage.

#### asset class A group of securities with similar structure and basic characteristics. Stocks, bonds and cash are the three main examples of asset classes.
**Bloomberg US Aggregate Bond Index An index that is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States. To be eligible for inclusion in the index, securities must be fixed rate, non-convertible, U.S. dollar-denominated with at least $300 million or more of outstanding face value and have one or more years remaining to maturity. The index excludes certain types of securities, including tax-exempt state and local government series bonds, structured notes embedded with swaps or other special features, private placements, floating rate securities, inflation-linked bonds and Eurobonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.**

**Bloomberg US Treasury Bills 1–3 Month Index An index that includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months but more than 1 month, are rated investment grade and have $300 million or more of outstanding face value. It excludes zero-coupon STRIPS.**

**bond A security representing a loan from the investor to the issuer. A bond typically pays interest at a fixed rate (the coupon rate) until a specified date (the maturity date), at which time the issuer returns the money borrowed (principal or face value) to the bondholder. Because of their structure, bonds are sometimes called "fixed-income securities" or "debt securities."**

An individual bond is subject to the credit risk of the issuer. Changes in interest rates can affect a bond's market value prior to call or maturity. There is no guarantee that a bond's yield to call or maturity will provide a positive return over the rate of inflation.

**bond fund A bond fund is subject to the same credit, interest rate, and inflation risks as bonds. In addition, a bond fund incurs ongoing fees and expenses. A bond fund's net asset value will fluctuate with the price of the underlying bonds and the portfolio turnover activity; return of principal is not guaranteed.**

#### cap, capitalization See "market cap."
**capital gain, capital loss the difference between the amount paid for an investment and its value at a later time. If the investment has been sold, the capital gain or loss is considered a realized gain or loss. If the investment is still held, the capital gain or loss is considered unrealized appreciation or depreciation.**

**Dow Jones U.S. Total Stock Market Index An index which includes all U.S. equity issues with readily available prices. The index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace.**

**expense ratio The amount that is taken from a mutual fund's assets each year to cover the fund's operating expenses. An expense ratio of 0.50% means that a fund's expenses amount to half of one percent of its average net assets a year.**

**International Spliced Index An internally calculated index comprised of the Schwab International Index from inception of the Schwab International Index Fund until the close of business on December 20, 2011, the MSCI EAFE Index from December 21, 2011 until the close of business on February 28, 2013, and the MSCI EAFE Index (Net) from March 1, 2013 forward.**

#### market cap, market capitalization The value of a company as determined by the total value of all shares of its stock outstanding.
**MSCI EAFE Index (Net) A free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets in Europe, Australasia, and the Far East. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes; returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.**

**net asset value (NAV) The value of one share of a mutual fund. NAV is calculated by taking the fund's total assets, subtracting liabilities, and dividing by the number of shares outstanding.**

#### outstanding shares, shares outstanding When speaking of a company or mutual fund, indicates all shares currently held by investors.
**price-to-book ratio (P/B) The market price of a company's stock compared with its "book value." A mutual fund's P/B is the weighted average of the P/B of all stocks in the fund's portfolio.**

**price-to-earnings ratio (P/E) The market price of a company's stock compared with earnings over the past year. A mutual fund's P/E is the weighted average of the P/E of all stocks in the fund's portfolio.**

**restricted and illiquid securities Restricted securities are securities that are subject to legal restrictions on their sale. Restricted securities generally can be sold in privately negotiated transactions, pursuant to an exemption from registration under the Securities Act of 1933 (the 1933 Act), or in a registered public offering. Certain restricted securities, such as Section 4(a)(2) commercial paper and Rule 144A securities under the 1933 Act, may be considered to be liquid if they meet the criteria for liquidity established by the Board. Illiquid securities generally are any securities that cannot be disposed of promptly and in the ordinary course of business at approximately the amount at which a fund has valued the instruments. The liquidity of a fund's investments is monitored under the supervision and direction of the Board. Investments currently not considered liquid include repurchase agreements not maturing within seven days and certain restricted securities.**

#### return on equity (ROE) The average yearly rate of return for each dollar of investors' money, measured over the past five years.

#### Russell 1000 Growth Index An index that measures the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values.
**Russell 1000 Index An index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, and represents approximately 92% of the total market capitalization of the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.**

**Russell 1000 Value Index An index that measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth values.**

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Schwab Equity Index Funds

**Russell 2000 Index An index that measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.**

**Russell Midcap Index An index that measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap Index is a subset of the Russell 1000 Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership.**

#### S&P 500 Index An index that is designed to measure the performance of 500 leading publicly traded companies from a broad range of industries.
**Schwab 1000 Index A float-adjusted market capitalization weighted index developed by Charles Schwab & Co., Inc. that represents the performance of the largest 1,000 publicly traded companies in the United States. As a result of corporate actions, the index may be comprised of more or less than 1,000 securities.**

#### stock A share of ownership, or equity, in the issuing company.

#### total return The percentage that an investor would have earned or lost on an investment in the fund assuming dividends and distributions were reinvested.

#### weighted average For mutual funds, an average that gives the same weight to each security as the security represents in the fund's portfolio.

#### yield The income paid out by an investment, expressed as a percentage of the investment's market value.
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Notes

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Notes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

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Schwab Equity Index Funds

## Schwab Asset Management

------

With a straightforward lineup of core products and solutions for building the foundation of a portfolio, Schwab Asset Management advocates for investors of all sizes with a steadfast focus on lowering costs and reducing unnecessary complexity. The list below shows all currently available Schwab Funds<sup>®</sup>.

**Investors should carefully consider information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses before investing. Please call 1-877-824-5615 for a prospectus for any Schwab Fund. Please read the prospectus carefully before you invest. This report must be preceded or accompanied by a current 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/schwabfunds_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/schwabfunds_prospectus or the SEC's website at www.sec.gov.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Schwab Funds

#### Equity Funds
Schwab Core Equity Fund

Schwab Dividend Equity Fund

Schwab Large-Cap Growth Fund

Schwab Small-Cap Equity Fund

Schwab Health Care Fund

Schwab International Core Equity Fund

Schwab International Opportunities Fund

Schwab Select Large Cap Growth Fund

Schwab Fundamental US Large Company Index Fund

Schwab Fundamental US Small Company Index Fund

Schwab Fundamental International Large Company Index Fund

Schwab Fundamental International Small Company Index Fund

Schwab Fundamental Emerging Markets Large Company Index Fund

Schwab Fundamental Global Real Estate Index Fund

Schwab Global Real Estate Fund

Schwab S&P 500 Index Fund

Schwab 1000 Index<sup>®</sup> Fund

Schwab Small-Cap Index Fund<sup>®</sup>

Schwab Total Stock Market Index Fund<sup>®</sup>

Schwab U.S. Large-Cap Growth Index Fund

Schwab U.S. Large-Cap Value Index Fund

Schwab U.S. Mid-Cap Index Fund

Schwab International Index Fund<sup>®</sup>

#### Asset Allocation Funds
Schwab Balanced Fund

Schwab MarketTrack Portfolios<sup>®</sup>

Schwab Target Funds

Schwab Target Index Funds

Schwab Monthly Income Funds

#### Bond Funds
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<sup>1</sup>

Schwab California Tax-Free Bond Fund<sup>1</sup>

Schwab Opportunistic Municipal Bond Fund

#### Schwab Money Funds<sup>2</sup>
Schwab provides a broad choice of taxable and tax-exempt money market funds for both retail and institutional client types.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

#### Investment Adviser
Charles Schwab Investment Management, Inc., dba Schwab Asset Management

211 Main Street, San Francisco, CA 94105

#### Funds
Schwab Funds

1-877-824-5615© 2022 Charles Schwab & Co., Inc. All rights reserved.<br> Member SIPC<sup>®</sup><br> Printed on recycled paper.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

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| | |
|:---|:---|
| ¹ | **State, local, and the Federal Alternative Minimum Tax may apply. Capital gains are not exempt from Federal Taxation.** |
| ² | **You could lose money by investing in the Schwab Money Funds. All Schwab Money Funds with the exception of Schwab Variable Share Price Money Fund seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. Because the share price of Schwab Variable Share Price Money Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. All Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab Retirement Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab Treasury Obligations Money Fund and Schwab Government Money Market Portfolio may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Schwab Money Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Schwab Money Funds' sponsor has no legal obligation to provide financial support to the Funds, and you should not expect that the sponsor will provide financial support to the Funds at any time.** |

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![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g20940img8782707c1.jpg)

MFR13810-25<br> 00280551

------

**Item 2: Code of Ethics.** 

(a) Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial
officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party.

(c) During the period covered by the report, no amendments were made to the provisions of this code of ethics.

(d) During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from
the provisions of this code of ethics.

(e) Not applicable.

(f)(1) Registrant has filed this code of ethics as an exhibit pursuant to Item 13(a)(1) of Form N-CSR.

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**Item 3: Audit Committee Financial Expert.** 

Registrant's Board of Trustees has determined that Kiran M. Patel, Kimberly S. Patmore and J. Derek Penn, each currently serving on its audit, compliance and valuation committee, are each an "audit committee financial expert," as such term is defined in Item 3 of Form N-CSR. Each member of Registrant's audit, compliance and valuation committee is "independent" under the standards set forth in Item 3 of Form N-CSR.

The designation of each of Mr. Patel, Ms. Patmore and Mr. Penn as an "audit committee financial expert" pursuant to Item 3 of Form N-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant's audit, compliance and valuation committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant's audit, compliance and valuation committee or Board of Trustees.

**Item 4: Principal Accountant Fees and Services.** 

Registrant is composed of eight series. One series has a fiscal year-end of October 31, whose annual financial statements are reported in Item 1, six series have a fiscal year-end of August 31, and one series has a fiscal year-end of the last day of February. Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to each of the eight operational series during 2022/2023 and 2021/2022, based on their respective 2022/2023 and 2021/2022 fiscal years, as applicable.

The following table presents fees billed by the principal accountant in each of the last two fiscal years for the services rendered to the Funds:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a)Audit Fees<sup>1</sup> | (a)Audit Fees<sup>1</sup> | (b)Audit-Related Fees | (b)Audit-Related Fees | (c) Tax Fees<sup>2</sup> | (c) Tax Fees<sup>2</sup> | (d) All Other Fees | (d) All Other Fees |
| Fiscal<br> Year<br> 2022/2023 | Fiscal Year<br>2021/2022 | Fiscal<br>Year<br>2022/2023 | Fiscal<br>Year<br>2021/2022 | Fiscal<br>Year<br>2022/2023 | Fiscal<br>Year<br>2021/2022 | Fiscal<br>Year<br>2022/2023 | Fiscal<br>Year<br>2021/2022 |
| $264750 | $264750 | $0 | $0 | $24800 | $24800 | $0 | $0 |

---

<sup>1</sup> The nature of the services includes audit of the registrant's annual financial statements and normally provided services in connection with regulatory filings for those fiscal years.

<sup>2</sup> The nature of the services includes tax compliance, tax advice and tax planning.

**(e) (1)** Registrant's audit, compliance and valuation committee does not have pre-approval policies and procedures as described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** There were no services described in each of paragraphs (b) through (d) above that were approved by
Registrant's audit, compliance and valuation committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

**(f)** Not applicable.

**(g)** Below are the aggregate non-audit fees billed in each of the last two fiscal years by Registrant's principal accountant for services rendered to Registrant, to Registrant's investment adviser, and to any entity controlling, controlled by, or under common control with Registrant's investment adviser that provides ongoing services to Registrant.

2021/2022: $8,528,894 2020/2021: $3,309,631

**(h)** During the past fiscal year, all non-audit services provided by Registrant's principal accountant to either Registrant's investment adviser or to any entity controlling, controlled by, or under common control

------

with Registrant's investment adviser that provides ongoing services to Registrant were pre-approved. Included in the audit, compliance and valuation committee's pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant's independence.

**(i)** Not applicable.

**(j)** Not applicable.

**Item 5: Audit Committee of Listed Registrants.** 

Not applicable.

**Item 6: Schedule of Investments.** 

The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.

**Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** 

Not applicable.

**Item 8: Portfolio Managers of Closed-End Management Investment Companies.** 

Not applicable.

**Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** 

Not applicable.

**Item 10: Submission of Matters to a Vote of Security Holders.** 

Not applicable.

**Item 11: 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 Chief Executive Officer, Jonathan de St. Paer and Registrant's Chief Financial Officer, Mark Fischer, 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 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** 

Not applicable.

------

**Item 13: Exhibits.** 

(a) (1) [Registrant's code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached.](d371775dex99codeeth.htm)

&nbsp;&nbsp;&nbsp;&nbsp; (2) [Separate certifications for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached.](d371775dex99cert.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-CSR with the Commission.](d371775dex99906cert.htm)

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) <u>Schwab Investments – Schwab 1000 Index Fund</u>

---

| | |
|:---|:---|
| By: | /s/ Jonathan de St. Paer |
|  | Jonathan de St. Paer<br> Chief Executive Officer |
| Date: | December 16, 2022 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, 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/ Jonathan de St. Paer |
|  | Jonathan de St. Paer<br> Chief Executive Officer |
| Date: | December 16, 2022 |

---

---

| | |
|:---|:---|
| By: | /s/ Mark Fischer |
|  | Mark Fischer<br> Chief Financial Officer |
| Date: | December 16, 2022 |

---

## Ex-99.Codeeth

---

| | |
|:---|:---|
|  **F.II.1.B.** | **CODE OF BUSINESS CONDUCT AND ETHICS** |

---

**CODE OF BUSINESS CONDUCT AND ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL OFFICERS** 

**SCHWAB FUNDS:** 

THE CHARLES SCHWAB FAMILY OF FUNDS

SCHWAB INVESTMENTS

SCHWAB CAPITAL TRUST

SCHWAB ANNUITY PORTFOLIOS

LAUDUS TRUST

**SCHWAB ETFS:**

SCHWAB STRATEGIC TRUST

**I. SCOPE** 

This Code of Business Conduct and Ethics (the "Code") for the Schwab Funds and Schwab ETFs (the "Funds") covers the Principal Executive Officer and Principal Financial Officer and any other officers who serve a similar function (each an "Officer") of all of the investment companies within the Funds' complex and applies to their service to the Funds.

**II. INTRODUCTION** 

The Funds are committed to the highest standards of ethical conduct. The Code consists of an outline of policies regarding conduct pertaining to legal compliance, personal conflicts of interest, confidentiality and privacy, and certain business practices. You are responsible for reviewing the Code and for acting in compliance with the Code in your daily activities.

The Code is not exhaustive; it provides guidance for carrying out your responsibilities on behalf of the Funds and observing the highest standards of ethical conduct. Because the Code does not address every possible situation that may arise, you are responsible for exercising good judgment, applying ethical principles, and raising questions when in doubt. Your integrity and good judgment reflect on the Funds' brand and reputation, and are the foundation of trust for our shareholder and business relationships.

If you are unsure of what to do in any situation or how to interpret the provisions of the Code, seek guidance before you act. Use the Funds' resources, including the Chief Legal Officer or the Chief Compliance Officer. If you feel that it is not appropriate to discuss a matter with the Chief Legal Officer or the Chief Compliance Officer, you may contact the Ombudsperson for The Charles Schwab Corporation.

CONTACT INFORMATION

---

| | | |
|:---|:---|:---|
| **Title** | **Name** | **Phone Number** |
| Chief Compliance Officer | Michael F. Hogan | 415-667-1987 |
| Chief Legal Officer of Schwab Funds and Schwab ETFs | Catherine MacGregor | 415-667-0650 |
| The Charles Schwab Corporation Ombudsperson | Scott Ferber, Esq, King & Spalding | (202) 626-9550 |

---

---

| | |
|:---|:---|
| **The information contained herein is the property of Charles Schwab and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mec hanical, reprographic, recording, or otherwise) outside of Charles Schwab without prior permission of the Mutual Fund's Chief Compliance Officer or his/her designee.** | 1 |

---

------

---

| | |
|:---|:---|
| **F.II.1.B.** | **CODE OF BUSINESS CONDUCT AND ETHICS** |

---

**III. POLICIES** 

In executing your responsibilities on behalf of the Funds, your conduct should reflect positively on the Funds. A strong personal sense of ethics should always play a significant role in guiding you towards a proper course of action. The appearance of impropriety can be as harmful to the Funds' reputation as improper conduct.

The Funds' business is subject to various laws, rules and regulations, including federal securities and state and local laws. Although you are not expected to know the details of the myriad of laws governing our business, you are expected to be familiar with and comply with policies and procedures that apply to your business unit and complete any required training that applies to you (e.g., training regarding privacy or anti-money laundering).

A. PERSONAL CONFLICTS OF INTEREST

It is important that you do not place yourself in a position that would cloud your judgment in carrying out the business affairs of the Funds. A "personal conflict of interest" occurs when your private interest interferes in any way — or even appears to interfere — with the interests of the Funds. You have a duty to report any material transaction or relationship to the Chief Compliance Officer that reasonably could be expected to be or to create a conflict of interest with the Funds.

Officers, in addition to their obligation to the Funds, may also be an officer or employee of CSIM or a CSIM affiliate. As a result, this Code recognizes that the Officers will, in the normal course of their duties (whether formally for the Funds, for CSIM, for CSIM's affiliate or for more than one entity), be involved in establishing policies and implementing decisions that will have different effects on CSIM, CSIM's affiliates and the Funds. The participation of the Officers in such activities is inherent in the contractual relationship between the Funds and CSIM and is consistent with the performance by the Officers of their duties as officers of the Funds. Thus, if performed in conformity with the provisions of the Investment Company Act of 1940, as amended (the "1940 Act"), and the Investment Advisers Act of 1940, as amended (the "Advisers Act"), such activities will be deemed under the Code to have been handled ethically. In addition, it is recognized by the Trustees that the Officers may also be officers or employees of one or more other investment companies covered by this or other codes.

B. INSIDE INFORMATION

Do not trade on inside information or disclose inside information to anyone except those who have a need to know it in order to fulfill their responsibilities for the Funds and in accordance with the Funds' policy. This applies to information regarding the Funds, The Charles Schwab Corporation and its subsidiaries, and any other publicly traded company.

Generally, material information is any information that an investor would likely consider important in deciding whether to buy, sell or hold securities or that could affect the market price of the securities. Examples include actual or estimated financial results or change in dividends; significant discoveries or product developments; possible mergers, acquisitions or divestitures; major changes in business strategies; obtaining or losing significant contracts; and threatened major litigation or related developments. If you have or receive information and are unsure whether it is within the definition of inside information or whether its release might be contrary to a fiduciary or other obligation, contact the Chief Compliance Officer prior to disclosing any such information.

You must not use the Funds' non-public holdings or transactions information in any way to influence your trades or the trades of other shareholders, including those of other employees, officers and directors. Trading ahead of shareholder or the Funds' transactions (frontrunning) and following shareholder or the Funds' transactions (piggybacking or shadowing) is prohibited.

C. ACCEPTANCE OF GIFTS OR ENTERTAINMENT

You must not accept gifts or entertainment from shareholders, vendors, suppliers, competitors or other employees where they present a conflict of interest or create the appearance of impropriety.

---

| | |
|:---|:---|
| **The information contained herein is the property of Charles Schwab and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, reprographic, recording, or otherwise) outside of Charles Schwab without prior permission of the Mutual Fund's Chief Compliance Officer or his/her designee.** | 2.0 |

---

------

---

| | |
|:---|:---|
| **F.II.1.B.** | **CODE OF BUSINESS CONDUCT AND ETHICS** |

---

You must adhere to the CSIM and The Charles Schwab Corporation policies regarding gifts and entertainment, and apply the more stringent restrictions. In addition, if you are an employee of another CSIM affiliate you must also adhere to that affiliate's policies regarding gifts and entertainment, and apply the more stringent restrictions.

D. CONFIDENTIALITY OF INFORMATION AND PRIVACY

Information concerning the identity of the Funds' underlying shareholders and their transactions and accounts is confidential. Such information may not be disclosed to persons working on behalf of the Funds except as they may need to know it in order to fulfill their responsibilities to the Funds. You may not disclose such information to anyone or any firm outside the Funds unless (i) the outside firm needs to know the information in order to perform services for the Funds and is bound to maintain its confidentiality; (ii) when the shareholder has consented or been given an opportunity to request that the information not be shared; (iii) as required by law; or (iv) as authorized by the Chief Legal Officer or Chief Compliance Officer.

The Funds are committed to safeguarding their customers' privacy. We do not sell any personally identifiable customer information. Sharing of such information with third parties is limited to situations related to the processing and servicing of customer accounts, and to specifically delineated exceptions in the federal privacy law. We share information with our affiliates to the extent permitted by federal law. You must be familiar with the procedural and systemic safeguards we maintain to protect this information.

You have the responsibility to safeguard the Funds' proprietary information. Proprietary information includes intellectual property (copyrights, trademarks or patents or trade secrets), particular know-how (business or organizational designs, or business, marketing or service plans or ideas) and sensitive information about the Funds (databases, records, salary information or unpublished financial reports).

E. PROTECTION AND USE OF FUNDS' ASSETS

You are obligated to protect the Funds' assets and ensure their efficient use. Theft, carelessness and waste have a direct impact on the Funds. The Funds' equipment should not be used for non-Funds' business, though incidental personal use may be permitted.

F. FINANCIAL DISCLOSURES

The Funds are committed to providing full, fair, accurate, timely and understandable disclosure in reports and documents that the Funds file with, or submit to, the Securities and Exchange Commission and other regulatory agencies and in other public communications made by the Funds. You are required to comply with the Funds' policies and procedures to provide such full, fair, accurate, timely and understandable disclosure.

G. CONDUCT OF AUDITS

Neither you nor any other person acting under your direction shall directly or indirectly take any action to fraudulently influence, coerce, manipulate, or mislead any independent public or certified public accountant engaged in the performance of an audit or review of the Funds' financial statements.

Types of conduct that constitute improper influence include, but are not limited to, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Offering or paying bribes or other financial incentives, including offering future employment or contracts for non-audit services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Providing an auditor with inaccurate or misleading legal analysis

---

| | |
|:---|:---|
| **The information contained herein is the property of Charles Schwab and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, reprographic, recording, or otherwise) outside of Charles Schwab without prior permission of the Mutual Fund's Chief Compliance Officer or his/her designee.** | 3.0 |

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------

---

| | |
|:---|:---|
| **F.II.1.B.** | **CODE OF BUSINESS CONDUCT AND ETHICS** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Threatening to cancel or canceling existing non-audit or audit
engagements if the auditor objects to the issuer's accounting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Seeking to have a partner removed from the audit engagement because the partner objects to the Funds'
accounting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Blackmailing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Making physical threats

H. RECORDKEEPING

You must be familiar with the Funds' record retention policies and always retain or destroy records according to them. In the event of litigation, governmental investigation or the threat of such action, you should consult the Chief Legal Officer or the Chief Compliance Officer regarding record retention.

The Funds' books, records and accounts must conform both to applicable legal requirements and to the Funds' internal controls and policies.

Unrecorded or "off-the-books" funds or assets are prohibited unless permitted by applicable law or regulation. Business records must not contain exaggeration, derogatory remarks, guesswork, or inappropriate characterizations of people and companies. This applies equally to email, internal memoranda, formal reports, and all other forms of business records.

I. SALES PRACTICES

If you transact business for shareholders, you are required to know and observe the Funds' specific policies and procedures for shareholder sales and transactions, such as the content and use of sales materials, documentation for transactions, quotations and suitability. Likewise, if you transact business with third parties (such as vendors or suppliers), you will be required to know and observe the Funds' policies and procedures for such transactions, such as marketing policies, procedures for performing due diligence on third parties, and obtaining proper authorizations for any agreements. You must be familiar with any enumerated policies and procedures governing your sales activities and use good judgment in complying with them.

J. COMPETITION AND FAIR DEALING

We operate our business fairly and honestly. We seek competitive advantage through performance and never through unethical or illegal business practices. It is our policy to comply with anti-trust laws. These laws are complex and not easily summarized, but at a minimum require that there be no agreement or understanding between the Funds and their competitors that affect prices, terms or conditions of sale or that unreasonably restrain full and fair competition. You must always respect the rights of and deal fairly with the Funds' shareholders and competitors. You must never take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair dealing practice.

K. PROHIBITION OF BRIBERY AND KICKBACKS

Our policies prohibit bribery or kickbacks of any kind and to anyone in the conduct of our business. The U.S. government has a number of laws and regulations applicable specifically to business gratuities that may be offered to or accepted by U.S. and foreign government personnel. The promise, offer or delivery to an official or employee of the U.S. government or an official, employee or candidate of a foreign government of a gift, favor, payment or other gratuity in violation of these rules would not only violate the Funds' policy but could also be a criminal offense. Similarly, federal law, as well as the laws of many states, prohibits engaging in "commercial bribery." Commercial bribery involves soliciting, demanding or agreeing to accept anything of value from any person intending to influence or be rewarded in connection with any business or transaction, and prohibits all such behavior, for example, with respect to vendors, competitors, shareholders, and government employees.

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| | |
|:---|:---|
| **The information contained herein is the property of Charles Schwab and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, reprographic, recording, or otherwise) outside of Charles Schwab without prior permission of the Mutual Fund's Chief Compliance Officer or his/her designee.** | 4.0 |

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| | |
|:---|:---|
| **F.II.1.B.** | **CODE OF BUSINESS CONDUCT AND ETHICS** |

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L. WAIVERS

Waivers of the Code may be made only by the Trustees, and will be promptly disclosed publicly as required by law.

M. CODE AMENDMENTS

This Code may not be amended except in written form, which is specifically approved or ratified by a majority of the Trustees including a majority of the independent Trustees. Any amendments will, to the extent required, be disclosed in accordance with law.

N. CONFIDENTIALITY

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Trustees, CSIM, The Charles Schwab Corporation and their respective counsel. However, nothing contained in this Code or in any applicable employment or severance agreement(s) should be interpreted as prohibiting employees or former employees from voluntarily communicating with the Securities and Exchange Commission or other authorities regarding possible violations of law or from recovering a whistleblower award.

**IV. ESCALATION AND PROHIBITION AGAINST RETALIATION** 

If you know of, or reasonably believe there is, a violation of this Code, you must report that information immediately to the Funds' Chief Compliance Officer. Depending on the possible violation, you may also be required to report it pursuant to The Charles Schwab Corporation Code of Business Conduct and CSIM and/or CSIM's affiliate's compliance policies and procedures. You should not conduct preliminary investigations unless authorized to do so by the Compliance Department.

No Officer will be retaliated against for making a good faith complaint or for bringing inappropriate conduct to the attention of the Funds' personnel, Ombudsperson of The Charles Schwab Corporation or Trustees, for assisting another employee or applicant in making a good faith report, for cooperating in an investigation, or for filing an administrative claim with a state or federal governmental agency. Any Officer who in good faith raises an issue regarding a possible violation of law, regulation or company policy or any suspected illegal or unethical behavior will be protected from retaliation.

If you have violated the Code, however, making a report will not protect you from the consequences of your actions. You can be subject to discipline up to and including termination of employment if you violate the Code or fail to report violations that come to your attention.

Any employee who engages in retaliatory conduct in violation of our policies will be subject to disciplinary action, up to and including termination of employment. If you reasonably believe retaliatory conduct has occurred, you must report such conduct to the Funds' Chief Compliance Officer.

---

| | |
|:---|:---|
| **The information contained herein is the property of Charles Schwab and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, reprographic, recording, or otherwise) outside of Charles Schwab without prior permission of the Mutual Fund's Chief Compliance Officer or his/her designee.** | 5.0 |

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| | |
|:---|:---|
| **F.II.1.B.** | **CODE OF BUSINESS CONDUCT AND ETHICS** |

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**V. PROCEDURES** 

A. OFFICERS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Read and be familiar with conduct rules outlined in the Code, and periodically review them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Affirm in writing to the Trustees that you have received, read and understand the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annually affirm to the Trustees that you have complied with the requirements of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Comply with the conduct standards outlined in this Code in all dealings and actions, including those with
shareholders, the public, and vendors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report any material transaction or relationship to the Chief Compliance Officer that reasonably could be expected
to be or to create a personal conflict of interest with the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report in a timely manner to the Chief Compliance Officer any conduct that may constitute a violation of the
Code, the Funds' policies, or laws, rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raise questions or concerns about conduct issues with your supervisor, the Chief Legal Officer or Chief
Compliance Officer, and seek advice when in doubt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cooperate with management during fact-finding investigations and comply with any confidentiality rules imposed.

B. CHIEF COMPLIANCE OFFICER

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Chief Compliance Officer, upon becoming notified of potential violation of this Code, will conduct,
facilitate or delegate a review of the matter and will report to the Chairperson of the affected Fund's Audit, Compliance and Valuation Committee any violations of this Code that he or she believes to be material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Chief Compliance Officer, upon becoming notified of a personal conflict of interest between an Officer and
the Funds that the Chief Compliance Officer deems to be material, will report the issue to the Chairperson of the affected Fund's Audit, Compliance and Valuation Committee and will work with the Chief Legal Officer and other appropriate parties
to ensure that any required disclosures are made.

C. TRUSTEES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Board of Trustees will consider appropriate action to address any violations of the Code that they deem to be
material, which may include review of and appropriate modification to applicable policies and procedures, notification to appropriate personnel of CSIM or its board of directors, notification to appropriate personnel of The Charles Schwab
Corporation or its board of directors, or a recommendation to dismiss the Officer.

**VI. REGULATORY AUTHORITY** 

This Code constitutes the sole code of ethics adopted by the Funds for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Funds, CSIM, CSIM's affiliates, The Charles Schwab Corporation or other Fund service providers govern or purport to govern the behavior or activities of an Officer who is subject to this Code, they are superseded by this Code to the extent that they conflict with the provisions of this Code. CSIM's, the Funds' and Charles Schwab & Co. Inc.'s (as distributor) joint code of ethics under Rule 17j-1 pursuant to the 1940 Act and Rule 204A-1 of the Advisers Act, and CSIM's, CSIM's affiliates', and The Charles Schwab Corporation's policies and procedures set forth in their respective compliance manuals and elsewhere are separate requirements applying to the Officers and are not part of this Code.

<u>VERSION HISTORY</u>

Adopted Schwab and Laudus Funds: June 15, 2011, Schwab ETFs: August 4, 2011 Revised August 8, 2013; December 11, 2015; August 25, 2016; December 11, 2017; September 25, 2018 (no changes); December 12, 2019; November 3, 2020; October 7, 2021; December 13, 2022

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| | |
|:---|:---|
| **The information contained herein is the property of Charles Schwab and may not be copied, used or disclosed in whole or in part, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, reprographic, recording, or otherwise) outside of Charles Schwab without prior permission of the Mutual Fund's Chief Compliance Officer or his/her designee.** | 6.0 |

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## Ex-99.Cert

**<u>CERTIFICATIONS</u>**

I, Jonathan de St. Paer, certify that:

1. I have reviewed this report on Form N-CSR for the following series of Schwab Investments – Schwab 1000 Index 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(s) 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 disclosure controls 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(s) 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: December 16, 2022 | /s/ Jonathan de St. Paer |
|  | Jonathan de St. Paer |
|  | Chief Executive Officer |

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------

**<u>CERTIFICATIONS</u>**

I, Mark Fischer, certify that:

1. I have reviewed this report on Form N-CSR for the following series of Schwab Investments – Schwab 1000 Index 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(s) 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 disclosure controls 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(s) 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: December 16, 2022 | /s/ Mark Fischer |
|  | Mark Fischer |
|  | 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 Annual Report for Schwab Investments – Schwab 1000 Index Fund (the "Fund") on Form N-CSR for the period ended October 31, 2022 ("periodic report"), each of the undersigned, being the Chief Executive Officer and Chief 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 Fund for the period presented therein.

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| | | |
|:---|:---|:---|
| /s/ Jonathan de St. Paer | Date: | December 16, 2022 |
| Jonathan de St. Paer |  |  |
| Chief Executive Officer |  |  |
|  /s/ Mark Fischer | Date: | December 16, 2022 |
|  Mark Fischer |  |  |
|  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-CSR with the Commission.