# EDGAR Filing Document

**Accession Number:** 0000869365
**File Stem:** 0001104659-26-029165
**Filing Date:** 2026-3
**Character Count:** 8033
**Document Hash:** 3cc7d4e8d183d7838b006eafd6ad97ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-029165.hdr.sgml**: 20260317

**ACCESSION NUMBER**: 0001104659-26-029165

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260317

**DATE AS OF CHANGE**: 20260317

**EFFECTIVENESS DATE**: 20260317

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-37459
- **FILM NUMBER:** 26759737

**BUSINESS ADDRESS:**
- **STREET 1:** 9800 SCHWAB WAY
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80124
- **BUSINESS PHONE:** 1-800-648-5300

**MAIL ADDRESS:**
- **STREET 1:** 9800 SCHWAB WAY
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80124

## Series and Classes Contracts Data

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

---

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

---

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

---

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

---

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

---

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

---

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

---

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

---

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

---

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

---

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

---

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

---

## Series and Classes Contracts Data

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

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

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

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

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

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

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

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

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

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

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

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

**SCHWAB INVESTMENTS**

**Schwab<sup>®</sup> Taxable Bond Funds**

Schwab<sup>®</sup> Short-Term Bond Index Fund

Schwab<sup>®</sup> Treasury Inflation Protected Securities Index Fund

Schwab<sup>®</sup> U.S. Aggregate Bond Index Fund

**Schwab<sup>®</sup> Municipal Bond Funds**

Schwab<sup>®</sup> Tax-Free Bond Fund

Schwab<sup>®</sup> California Tax-Free Bond Fund

Schwab<sup>®</sup> Opportunistic Municipal Bond Fund

(each, a fund and collectively, the funds)

Supplement dated March 17, 2026, to the funds' currently effective

Statutory Prospectuses and Statements of Additional Information (SAIs)

**This supplement provides new and additional information beyond that contained in the Statutory Prospectuses and SAIs and should be read in conjunction with these documents.**

Effective March 17, 2026, all references to James Cortez in the Schwab Municipal Bond Funds Statutory Prospectus and SAI are hereby deleted in their entirety, and all references to Mark McKissick in the Schwab Taxable Bond Funds Statutory Prospectus and SAI are hereby deleted in their entirety.

Additionally, effective March 17, 2026, Steven Hung is added as a portfolio manager to the Schwab Treasury Inflation Protected Securities Index Fund. Accordingly, the following changes are made to the Schwab Taxable Bond Funds' Statutory Prospectus and SAI:

1. *<u>Statutory Prospectus – Under the "Portfolio Managers" section on page 7:</u> The reference to Steven Hung is added:* 

**Steven Hung**, Senior Portfolio Manager, is responsible for the day-to-day co-management of the fund. He has managed the fund since 2026.

2. *<u>Statutory Prospectus — Under the "Fund Management" section:</u> The reference to Steven Hung is deleted and replaced in its entirety with the following:* 

**Steven Hung**, Senior Portfolio Manager, for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Mr. Hung has been a portfolio manager with Schwab Asset Management since 2005 and prior to that, served in various roles as an associate portfolio manager and trader since 1999. In 1998, he joined Schwab's management training program and worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange.

3. *<u>SAI — Under "Other Accounts." in the "PORTFOLIO MANAGERS" section:</u> The reference to Steven Hung is deleted and replaced in its entirety with the following:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;**Registered Investment Companies<br> (this amount does not include the <br> funds in this SAI)** | &nbsp;&nbsp;**Registered Investment Companies<br> (this amount does not include the <br> funds in this SAI)** | &nbsp;&nbsp;**Other Pooled Investment <br> Vehicles** | &nbsp;&nbsp;**Other Pooled Investment <br> Vehicles** | &nbsp;&nbsp;**Other Accounts** | &nbsp;&nbsp;**Other Accounts** |
| <br>&nbsp;&nbsp;**Name** | &nbsp;&nbsp;**Number of Accounts** | &nbsp;&nbsp;**Total Assets** | &nbsp;&nbsp;**Number of Accounts** | &nbsp;&nbsp;**Total Assets** | &nbsp;&nbsp;**Number of Accounts** | &nbsp;&nbsp;**Total Assets** |
| &nbsp;&nbsp;Steven Hung<sup>(1)</sup> | &nbsp;&nbsp;4 | &nbsp;&nbsp;$24038913033 | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0 |

---

(1) The information provided for Steven Hung is as of February 27, 2026.

4. *<u>SAI — Under "Ownership of Fund Shares." in the "PORTFOLIO MANAGERS" section:</u> The reference to Steven Hung is deleted and replaced in its entirety with the following:* 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Portfolio Manager** | &nbsp;&nbsp;**Fund** | &nbsp;&nbsp; **Dollar Range of**<br> **Fund Shares Owned** |
| &nbsp;&nbsp;Steven Hung<sup>(1)</sup> | &nbsp;&nbsp;Schwab Short-Term Bond Index Fund |  |
|  | &nbsp;&nbsp;Schwab Treasury Inflation Protected Securities Index Fund |  |
|  | &nbsp;&nbsp;Schwab U.S. Aggregate Bond Index Fund |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The information provided for Steven Hung is as of February 27, 2026.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**

REG130293-00 (03/26)

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