# EDGAR Filing Document

**Accession Number:** 0000869365
**File Stem:** 0001752724-23-015264
**Filing Date:** 2023-1
**Character Count:** 73051
**Document Hash:** 759bd5153df8d0c00372058bdee84440
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015264.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015264

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06200
- **FILM NUMBER:** 23558752

**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 Global Real Estate Fund (Series ID: S000015878)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000043612 | Schwab Global Real Estate Fund | SWASX           |

## Nport-Ex

Schwab Investments <br>Schwab Global Real Estate Fund

------

**Portfolio Holdings** as of November 30, 2022 (Unaudited)

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

The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 98.1% OF NET ASSETS | **COMMON STOCKS** 98.1% OF NET ASSETS | **COMMON STOCKS** 98.1% OF NET ASSETS |
| **Australia 4.2%** | **Australia 4.2%** | **Australia 4.2%** |
| Abacus Property Group  | &nbsp;&nbsp;&nbsp;&nbsp; 297761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560799 |
| Dexus  | &nbsp;&nbsp;&nbsp;&nbsp; 631143 | &nbsp;&nbsp;&nbsp;&nbsp; 3465037 |
| Mirvac Group  | &nbsp;&nbsp; 1025231 | &nbsp;&nbsp;&nbsp;&nbsp; 1573236 |
| National Storage REIT  | &nbsp;&nbsp; 1668210 | &nbsp;&nbsp;&nbsp;&nbsp; 2746190 |
| Vicinity Ltd.  | &nbsp;&nbsp; 3032873 | &nbsp;&nbsp;&nbsp;&nbsp; 4222625 |
|  |  | **12567887** |
| **Belgium 0.9%** | **Belgium 0.9%** | **Belgium 0.9%** |
| Aedifica S.A.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20441 | &nbsp;&nbsp;&nbsp;&nbsp; 1610807 |
| Warehouses De Pauw CVA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351531 |
| Xior Student Housing N.V.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689113 |
|  |  | **2651451** |
| **Brazil 0.3%** | **Brazil 0.3%** | **Brazil 0.3%** |
| Direcional Engenharia S.A.  | &nbsp;&nbsp;&nbsp;&nbsp; 105921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Multiplan Empreendimentos Imobiliarios <br> S.A. <br>| &nbsp;&nbsp;&nbsp;&nbsp; 165131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729659 |
|  |  | **1031745** |
| **Canada 2.4%** | **Canada 2.4%** | **Canada 2.4%** |
| Artis Real Estate Investment Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615322 |
| H&R Real Estate Investment Trust  | &nbsp;&nbsp;&nbsp;&nbsp; 596964 | &nbsp;&nbsp;&nbsp;&nbsp; 5520746 |
| Primaris Real Estate Investment Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283051 |
| RioCan Real Estate Investment Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 796787 |
|  |  | **7215906** |
| **China 3.7%** | **China 3.7%** | **China 3.7%** |
| China Overseas Property Holdings Ltd.  | &nbsp;&nbsp; 1610000 | &nbsp;&nbsp;&nbsp;&nbsp; 1794843 |
| China Resources Land Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 556000 | &nbsp;&nbsp;&nbsp;&nbsp; 2582573 |
| Kerry Properties Ltd.  | &nbsp;&nbsp; 1726831 | &nbsp;&nbsp;&nbsp;&nbsp; 3301177 |
| Longfor Group Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 586083 | &nbsp;&nbsp;&nbsp;&nbsp; 1785669 |
| Sunac China Holdings Ltd. \**(a)* | &nbsp;&nbsp;&nbsp;&nbsp; 408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77568 |
| Yuexiu Property Co., Ltd.  | &nbsp;&nbsp; 1390599 | &nbsp;&nbsp;&nbsp;&nbsp; 1764937 |
|  |  | **11306767** |
| **France 1.1%** | **France 1.1%** | **France 1.1%** |
| ICADE  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66304 | &nbsp;&nbsp;&nbsp;&nbsp; 2746858 |
| Klepierre S.A. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706151 |
|  |  | **3453009** |
| **Germany 1.4%** | **Germany 1.4%** | **Germany 1.4%** |
| Aroundtown S.A.  | &nbsp;&nbsp;&nbsp;&nbsp; 109613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265698 |
| Grand City Properties S.A.  | &nbsp;&nbsp;&nbsp;&nbsp; 102077 | &nbsp;&nbsp;&nbsp;&nbsp; 1022780 |
| LEG Immobilien SE  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400443 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| TAG Immobilien AG  | &nbsp;&nbsp;&nbsp;&nbsp; 196182 | &nbsp;&nbsp;&nbsp;&nbsp; 1183158 |
| Vonovia SE  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59524 | &nbsp;&nbsp;&nbsp;&nbsp; 1478511 |
|  |  | **4350590** |
| **Hong Kong 3.8%** | **Hong Kong 3.8%** | **Hong Kong 3.8%** |
| CK Asset Holdings Ltd.  | &nbsp;&nbsp; 1092296 | &nbsp;&nbsp;&nbsp;&nbsp; 6537932 |
| K Wah International Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 909000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286141 |
| Link REIT  | &nbsp;&nbsp;&nbsp;&nbsp; 169024 | &nbsp;&nbsp;&nbsp;&nbsp; 1141723 |
| Sino Land Co., Ltd.  | &nbsp;&nbsp; 2723092 | &nbsp;&nbsp;&nbsp;&nbsp; 3405774 |
|  |  | **11371570** |
| **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** |
| Ciputra Development Tbk PT  | 11615960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748008 |
| PT Bumi Serpong Damai Tbk \* | 10209900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596386 |
|  |  | **1344394** |
| **Japan 9.7%** | **Japan 9.7%** | **Japan 9.7%** |
| Daiwa House Industry Co., Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78100 | &nbsp;&nbsp;&nbsp;&nbsp; 1798566 |
| Goldcrest Co., Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535939 |
| Hulic Co., Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616448 |
| Hulic REIT, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1527 | &nbsp;&nbsp;&nbsp;&nbsp; 1915806 |
| Invincible Investment Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4548 | &nbsp;&nbsp;&nbsp;&nbsp; 1581731 |
| Japan Hotel REIT Investment Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814630 |
| Kenedix Retail REIT Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1496 | &nbsp;&nbsp;&nbsp;&nbsp; 2889538 |
| Mitsubishi Estate Co., Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 220948 | &nbsp;&nbsp;&nbsp;&nbsp; 3119909 |
| Mitsui Fudosan Co., Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 138100 | &nbsp;&nbsp;&nbsp;&nbsp; 2799712 |
| Mori Trust Sogo REIT, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1873 | &nbsp;&nbsp;&nbsp;&nbsp; 1996764 |
| Nippon Building Fund, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795 | &nbsp;&nbsp;&nbsp;&nbsp; 3708300 |
| NIPPON REIT Investment Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743 | &nbsp;&nbsp;&nbsp;&nbsp; 1979929 |
| NTT UD REIT Investment Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2008 | &nbsp;&nbsp;&nbsp;&nbsp; 2152258 |
| Takara Leben Real Estate Investment Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312383 |
| Tokyu REIT, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1932 | &nbsp;&nbsp;&nbsp;&nbsp; 3030432 |
|  |  | **29252345** |
| **Mexico 1.3%** | **Mexico 1.3%** | **Mexico 1.3%** |
| Fibra Uno Administracion S.A. de C.V.  | &nbsp;&nbsp; 3112101 | **3866335** |
| **New Zealand 0.0%** | **New Zealand 0.0%** | **New Zealand 0.0%** |
| Kiwi Property Group Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54355 | **32005** |
| **Singapore 3.8%** | **Singapore 3.8%** | **Singapore 3.8%** |
| AIMS APAC REIT  | &nbsp;&nbsp;&nbsp;&nbsp; 535300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474212 |
| CapitaLand Investment Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 814400 | &nbsp;&nbsp;&nbsp;&nbsp; 2211773 |
| CDL Hospitality Trusts  | &nbsp;&nbsp; 1062200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928110 |
| City Developments Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp; 2119543 |
| Lendlease Global Commercial REIT  | &nbsp;&nbsp; 9921413 | &nbsp;&nbsp;&nbsp;&nbsp; 5314881 |
| Mapletree Industrial Trust  | &nbsp;&nbsp;&nbsp;&nbsp; 190700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314186 |
|  |  | **11362705** |

---

**1**

------

Schwab Global Real Estate Fund

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Spain 1.6%** | **Spain 1.6%** | **Spain 1.6%** |
| Merlin Properties Socimi S.A.  | &nbsp;&nbsp;&nbsp;&nbsp; 513929 | **4767991** |
| **Sweden 1.1%** | **Sweden 1.1%** | **Sweden 1.1%** |
| Dios Fastigheter AB  | &nbsp;&nbsp;&nbsp;&nbsp; 157352 | &nbsp;&nbsp;&nbsp;&nbsp; 1169605 |
| Nyfosa AB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215433 |
| Pandox AB \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739538 |
| Wihlborgs Fastigheter AB  | &nbsp;&nbsp;&nbsp;&nbsp; 170250 | &nbsp;&nbsp;&nbsp;&nbsp; 1344945 |
|  |  | **3469521** |
| **United Arab Emirates 1.7%** | **United Arab Emirates 1.7%** | **United Arab Emirates 1.7%** |
| Emaar Development PJSC \* | &nbsp;&nbsp;&nbsp;&nbsp; 930182 | &nbsp;&nbsp;&nbsp;&nbsp; 1066557 |
| Emaar Properties PJSC  | &nbsp;&nbsp; 2495308 | &nbsp;&nbsp;&nbsp;&nbsp; 4148721 |
|  |  | **5215278** |
| **United Kingdom 3.8%** | **United Kingdom 3.8%** | **United Kingdom 3.8%** |
| Big Yellow Group plc  | &nbsp;&nbsp;&nbsp;&nbsp; 105050 | &nbsp;&nbsp;&nbsp;&nbsp; 1391748 |
| Land Securities Group plc  | &nbsp;&nbsp;&nbsp;&nbsp; 486824 | &nbsp;&nbsp;&nbsp;&nbsp; 3632383 |
| Safestore Holdings plc  | &nbsp;&nbsp;&nbsp;&nbsp; 207255 | &nbsp;&nbsp;&nbsp;&nbsp; 2288149 |
| Segro plc  | &nbsp;&nbsp;&nbsp;&nbsp; 125178 | &nbsp;&nbsp;&nbsp;&nbsp; 1211388 |
| The British Land Co., plc  | &nbsp;&nbsp;&nbsp;&nbsp; 631450 | &nbsp;&nbsp;&nbsp;&nbsp; 3028065 |
|  |  | **11551733** |
| **United States 56.9%** | **United States 56.9%** | **United States 56.9%** |
| Alexandria Real Estate Equities, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16893 | &nbsp;&nbsp;&nbsp;&nbsp; 2628720 |
| American Assets Trust, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618019 |
| Apple Hospitality REIT, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 201066 | &nbsp;&nbsp;&nbsp;&nbsp; 3430186 |
| Armada Hoffler Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711261 |
| AvalonBay Communities, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790373 |
| Brixmor Property Group, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52109 | &nbsp;&nbsp;&nbsp;&nbsp; 1207887 |
| BRT Apartments Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610648 |
| Camden Property Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25499 | &nbsp;&nbsp;&nbsp;&nbsp; 3068295 |
| CareTrust REIT, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 221284 | &nbsp;&nbsp;&nbsp;&nbsp; 4381423 |
| Community Healthcare Trust, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356126 |
| Crown Castle, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12089 | &nbsp;&nbsp;&nbsp;&nbsp; 1709747 |
| CubeSmart  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32480 | &nbsp;&nbsp;&nbsp;&nbsp; 1344347 |
| DiamondRock Hospitality Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672815 |
| Digital Realty Trust, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374604 |
| EastGroup Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29681 | &nbsp;&nbsp;&nbsp;&nbsp; 4607678 |
| EPR Properties  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99904 | &nbsp;&nbsp;&nbsp;&nbsp; 4157005 |
| Equinix, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19856 | &nbsp;&nbsp; 13713546 |
| Equity Commonwealth  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57139 | &nbsp;&nbsp;&nbsp;&nbsp; 1547896 |
| Equity Residential  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36626 | &nbsp;&nbsp;&nbsp;&nbsp; 2375562 |
| Essential Properties Realty Trust, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96552 | &nbsp;&nbsp;&nbsp;&nbsp; 2240972 |
| Essex Property Trust, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30694 | &nbsp;&nbsp;&nbsp;&nbsp; 6764344 |
| Extra Space Storage, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21670 | &nbsp;&nbsp;&nbsp;&nbsp; 3482152 |
| Gaming & Leisure Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 109246 | &nbsp;&nbsp;&nbsp;&nbsp; 5747432 |
| Healthcare Realty Trust, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 105459 | &nbsp;&nbsp;&nbsp;&nbsp; 2165073 |
| Healthpeak Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80575 | &nbsp;&nbsp;&nbsp;&nbsp; 2115899 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Host Hotels & Resorts, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 225855 | &nbsp;&nbsp;&nbsp;&nbsp; 4277694 |
| Innovative Industrial Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799986 |
| InvenTrust Properties Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955204 |
| Invitation Homes, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 169871 | &nbsp;&nbsp;&nbsp;&nbsp; 5542891 |
| Kilroy Realty Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696274 |
| Kimco Realty Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78859 | &nbsp;&nbsp;&nbsp;&nbsp; 1807448 |
| Life Storage, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33213 | &nbsp;&nbsp;&nbsp;&nbsp; 3570065 |
| Mid-America Apartment Communities, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53827 | &nbsp;&nbsp;&nbsp;&nbsp; 8874996 |
| National Retail Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44455 | &nbsp;&nbsp;&nbsp;&nbsp; 2060934 |
| National Storage Affiliates Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344635 |
| Phillips Edison & Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560802 |
| Piedmont Office Realty Trust, Inc., Class A  | &nbsp;&nbsp;&nbsp;&nbsp; 400224 | &nbsp;&nbsp;&nbsp;&nbsp; 4166332 |
| Postal Realty Trust, Inc., Class A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854816 |
| Prologis, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 190087 | &nbsp;&nbsp; 22390348 |
| Public Storage  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23695 | &nbsp;&nbsp;&nbsp;&nbsp; 7060162 |
| Realty Income Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82742 | &nbsp;&nbsp;&nbsp;&nbsp; 5218538 |
| Regency Centers Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38192 | &nbsp;&nbsp;&nbsp;&nbsp; 2537095 |
| Sabra Health Care REIT, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp; 133502 | &nbsp;&nbsp;&nbsp;&nbsp; 1723511 |
| SBA Communications Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13415 | &nbsp;&nbsp;&nbsp;&nbsp; 4015109 |
| Simon Property Group, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35708 | &nbsp;&nbsp;&nbsp;&nbsp; 4264964 |
| SITE Centers Corp.  | &nbsp;&nbsp;&nbsp;&nbsp; 330525 | &nbsp;&nbsp;&nbsp;&nbsp; 4491835 |
| Spirit Realty Capital, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33400 | &nbsp;&nbsp;&nbsp;&nbsp; 1383428 |
| Sun Communities, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888304 |
| Tanger Factory Outlet Centers, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60200 | &nbsp;&nbsp;&nbsp;&nbsp; 1170890 |
| Ventas, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30165 | &nbsp;&nbsp;&nbsp;&nbsp; 1403577 |
| VICI Properties, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67673 | &nbsp;&nbsp;&nbsp;&nbsp; 2314417 |
| Welltower, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62925 | &nbsp;&nbsp;&nbsp;&nbsp; 4469563 |
| WP Carey, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47666 | &nbsp;&nbsp;&nbsp;&nbsp; 3756081 |
|  |  | **172421909** |
| **Total Common Stocks**<br> **(Cost $307,941,142)** | **Total Common Stocks**<br> **(Cost $307,941,142)** | **297233141** |
| **Total Investments in Securities**<br> **(Cost $307,941,142)** | **Total Investments in Securities**<br> **(Cost $307,941,142)** | **297233141** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 12/16/22<br>| 11 | 2244688 | **262461** |

---

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

\* Non-income producing security. <br> *(a)* Fair-valued using significant unobservable inputs (see Notes for additional information).

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

CVA — Dutch Certificate <br> REIT — Real Estate Investment Trust

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

------

**2** 

------

Schwab Global Real Estate Fund

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $184535895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | $184535895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12567887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12567887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2651451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2651451 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11229199 | &nbsp;&nbsp; 77568 | &nbsp;&nbsp;&nbsp;&nbsp; 11306767 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3453009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3453009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4350590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4350590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11371570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11371570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1344394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1344394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29252345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29252345 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand | &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; 32005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11362705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11362705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4767991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4767991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3469521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3469521 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5215278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5215278 |
| &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; 11551733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11551733 |
| Futures Contracts<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262461 | &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; 262461 |
| **Total** | **$184798356** | **$112619678** | **$77568** | **$297495602** |

---

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

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

**3**

------

Schwab Global Real Estate Fund

**Notes to Portfolio Holdings (Unaudited)** 

------

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Trustees (the Board) has designated authority to a Valuation Designee, the fund's 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 fund's portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **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;&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 the 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 the fund's portfolio holdings and the net asset value (NAV) of the fund's shares and seeks to help ensure that the prices at which the 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 the fund and that of its comparative index or benchmark.

• **Futures contracts:** Futures contracts are valued at their settlement prices as of the close of their exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value the 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 the 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 generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — quoted prices in active markets for identical investments— Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities and futures contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include 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 the 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.

**4** 

------

Schwab Global Real Estate Fund

**Notes to Portfolio Holdings (Unaudited) (continued)**

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund's results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

REG46025NOV22

**5**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SCHWAB INVESTMENTS

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

- **c. CIK number of Registrant:** 0000869365

- **d. LEI of Registrant:** 549300V41RCJNTEW5K68

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 211 MAIN STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-648-5300

**Item A.2. Information about the Series.**

- **a. Name of Series:** Schwab Global Real Estate Fund

- **b. EDGAR series identifier (if any):** S000015878

- **c. LEI of Series:** 54930056NJ1FRH4T9924

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $303338478.75

**Total Liabilities:** $295430.97

**Net Assets:** $303043047.78

**Cash Not Reported:** $4878955.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000043612 | -12.07%              | 2.43%                | 7.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1510742.34             | $-36260723.39                              |
| Month 2  | $-7895126.68             | $13498734.86                               |
| Month 3  | $-5156895.11             | $25305439.98                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kerry Properties Ltd                      | Kerry Properties Ltd                      | CUSIP: 000000000<br>LEI: 5299006T5ULIIRZ7LK49 | Long             | EC               | CORP              | BM        |   1726831 | NS      | $3301177.49   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                         | LEG Immobilien SE                         | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |      6241 | NS      | $400443.58    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Residential                        | Equity Residential                        | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     36626 | NS      | $2375562.36   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Wihlborgs Fastigheter AB                  | Wihlborgs Fastigheter AB                  | CUSIP: 000000000<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |    170250 | NS      | $1344945.12   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                             | Welltower Inc                             | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |     62925 | NS      | $4469562.75   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers Inc         | Tanger Factory Outlet Centers Inc         | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |     63400 | NS      | $1233130.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                        | Realty Income Corp                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     82742 | NS      | $5218537.94   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hulic Reit Inc                            | Hulic Reit Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1527 | NS      | $1915806.35   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Essential Properties Realty Trust Inc     | Essential Properties Realty Trust Inc     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |     96552 | NS      | $2240971.92   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Dios Fastigheter AB                       | Dios Fastigheter AB                       | CUSIP: 000000000<br>LEI: 549300G3VF7LZQ9IW435 | Long             | EC               | CORP              | SE        |    157352 | NS      | $1169604.76   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Land Securities Group PLC                 | Land Securities Group PLC                 | CUSIP: 000000000<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               |  | GB        |    486824 | NS      | $3632382.74   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Direcional Engenharia SA                  | Direcional Engenharia SA                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    260021 | NS      | $741578.58    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                              | WP Carey Inc                              | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |     47666 | NS      | $3756080.80   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nyfosa AB                                 | Nyfosa AB                                 | CUSIP: 000000000<br>LEI: 5493000YR2B83SILCJ50 | Long             | EC               | CORP              | SE        |     29830 | NS      | $215433.22    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                | Ventas Inc                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     30165 | NS      | $1403577.45   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT UD REIT Investment Corp               | NTT UD REIT Investment Corp               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      2008 | NS      | $2152258.49   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Fibra Uno Administracion SA de CV         | Fibra Uno Administracion SA de CV         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | MX        |   3112101 | NS      | $3866334.66   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd               | Daiwa House Industry Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     78100 | NS      | $1798566.17   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Regency Centers Corp                      | Regency Centers Corp                      | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     38192 | NS      | $2537094.56   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                     | Mitsui Fudosan Co Ltd                     | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    138100 | NS      | $2799711.59   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG Immobilien AG                         | TAG Immobilien AG                         | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    196182 | NS      | $1183157.82   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| British Land Co PLC/The                   | British Land Co PLC/The                   | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |    631450 | NS      | $3028064.64   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Artis Real Estate Investment Trust        | Artis Real Estate Investment Trust        | CUSIP: 04315L105<br>LEI: 549300OG2O5VI2N1XS44 | Long             | EC               |  | CA        |     89288 | NS      | $615321.53    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexus                                     | Dexus                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    631143 | NS      | $3465036.53   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| CubeSmart                                 | CubeSmart                                 | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     32480 | NS      | $1344347.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                       | Sun Communities Inc                       | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |      6047 | NS      | $888304.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA               | Merlin Properties Socimi SA               | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    513929 | NS      | $4767990.71   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Grand City Properties SA                  | Grand City Properties SA                  | CUSIP: 000000000<br>LEI: 5299002QLUYKK2WBMB18 | Long             | EC               | CORP              | LU        |    102077 | NS      | $1022779.70   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Kenedix Retail REIT Corp                  | Kenedix Retail REIT Corp                  | CUSIP: 000000000<br>LEI: 353800IOH9ONLGE3AQ55 | Long             | EC               |  | JP        |      1496 | NS      | $2889538.35   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Hotel REIT Investment Corp          | Japan Hotel REIT Investment Corp          | CUSIP: 000000000<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               |  | JP        |      1494 | NS      | $814630.10    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BRT Apartments Corp                       | BRT Apartments Corp                       | CUSIP: 055645303<br>LEI: N/A                  | Long             | EC               |  | US        |     29600 | NS      | $610648.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                              | Prologis Inc                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    190087 | NS      | $22390347.73  | 7.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                  | Phillips Edison & Co Inc                  | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               |  | US        |     17400 | NS      | $560802.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiwi Property Group Ltd                   | Kiwi Property Group Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | NZ        |     54355 | NS      | $32005.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                    | Emaar Development PJSC                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    930182 | NS      | $1066556.95   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Innovative Industrial Properties Inc      | Innovative Industrial Properties Inc      | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               |  | US        |      3900 | NS      | $472719.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc         | Gaming and Leisure Properties Inc         | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |    109246 | NS      | $5747432.06   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                | DiamondRock Hospitality Co                | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               |  | US        |     71500 | NS      | $672815.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                      | Big Yellow Group PLC                      | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    105050 | NS      | $1391748.31   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| InvenTrust Properties Corp                | InvenTrust Properties Corp                | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               |  | US        |     37153 | NS      | $955203.63    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Takara Leben Real Estate Investment Corp  | Takara Leben Real Estate Investment Corp  | CUSIP: 000000000<br>LEI: 353800B55299YP0HS329 | Long             | EC               |  | JP        |       414 | NS      | $312382.71    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Aroundtown SA                             | Aroundtown SA                             | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | EC               | CORP              | LU        |    109613 | NS      | $265698.69    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities Inc       | Alexandria Real Estate Equities Inc       | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |     16893 | NS      | $2628719.73   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd/Singapore       | Capitaland Investment Ltd/Singapore       | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    814400 | NS      | $2211773.35   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Property Holdings Ltd      | China Overseas Property Holdings Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1610000 | NS      | $1794843.24   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumi Serpong Damai Tbk PT                 | Bumi Serpong Damai Tbk PT                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  10209900 | NS      | $596386.35    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Land Co Ltd                          | Sino Land Co Ltd                          | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   2723092 | NS      | $3405773.90   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC                    | Safestore Holdings PLC                    | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |    207255 | NS      | $2288149.12   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| AIMS APAC REIT                            | AIMS APAC REIT                            | CUSIP: 000000000<br>LEI: 549300MGNQOBQ3KVN734 | Long             | EC               |  | SG        |    535300 | NS      | $474212.27    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| American Assets Trust Inc                 | American Assets Trust Inc                 | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               |  | US        |     21100 | NS      | $618019.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunac China Holdings Ltd                  | Sunac China Holdings Ltd                  | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | EC               | CORP              | KY        |    408000 | NS      | $77568.03     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Crown Castle Inc                          | Crown Castle Inc                          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |     12089 | NS      | $1709747.27   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                | Brixmor Property Group Inc                | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     52109 | NS      | $1207886.62   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                            | Public Storage                            | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |     23695 | NS      | $7060162.20   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Xior Student Housing NV                   | Xior Student Housing NV                   | CUSIP: 000000000<br>LEI: 549300JK7HFOCP0U8K85 | Long             | EC               |  | BE        |     23865 | NS      | $689113.13    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                 | Host Hotels & Resorts Inc                 | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |    225855 | NS      | $4277693.70   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                            | EPR Properties                            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     99904 | NS      | $4157005.44   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu REIT Inc                            | Tokyu REIT Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1932 | NS      | $3030432.03   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lendlease Global Commercial REIT          | Lendlease Global Commercial REIT          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   9921413 | NS      | $5314880.71   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                 | Link REIT                                 | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |    169024 | NS      | $1141723.14   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ICADE                                     | ICADE                                     | CUSIP: 000000000<br>LEI: 969500UDH342QLTE1M42 | Long             | EC               |  | FR        |     66304 | NS      | $2746857.90   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                     | Emaar Properties PJSC                     | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   2495308 | NS      | $4148720.78   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd                     | City Developments Ltd                     | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |    345000 | NS      | $2119543.35   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| CDL Hospitality Trusts                    | CDL Hospitality Trusts                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   1062200 | NS      | $928110.28    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Storage Inc                          | Life Storage Inc                          | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |     33213 | NS      | $3570065.37   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mori Trust Sogo Reit Inc                  | Mori Trust Sogo Reit Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1873 | NS      | $1996764.08   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabra Health Care REIT Inc                | Sabra Health Care REIT Inc                | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    133502 | NS      | $1723510.82   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                         | Kimco Realty Corp                         | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |     78859 | NS      | $1807448.28   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc            | Community Healthcare Trust Inc            | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     10100 | NS      | $356126.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Aedifica SA                               | Aedifica SA                               | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |     20441 | NS      | $1610807.51   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                  | Essex Property Trust Inc                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     30694 | NS      | $6764343.72   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund Inc                  | Nippon Building Fund Inc                  | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |       795 | NS      | $3708300.50   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirit Realty Capital Inc                 | Spirit Realty Capital Inc                 | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               |  | US        |     33400 | NS      | $1383428.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                     | Camden Property Trust                     | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |     25499 | NS      | $3068294.67   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciputra Development Tbk PT                | Ciputra Development Tbk PT                | CUSIP: 000000000<br>LEI: 2549000JMJUYB9U5Y204 | Long             | EC               | CORP              | ID        |  11615960 | NS      | $748007.55    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldcrest Co Ltd                          | Goldcrest Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     41595 | NS      | $535938.50    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corp                   | SBA Communications Corp                   | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |     13415 | NS      | $4015109.50   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirvac Group                              | Mirvac Group                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1025231 | NS      | $1573236.29   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange               | S+P500 EMINI FUT DEC22                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        11 | NC      | $262460.59    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                         | SITE Centers Corp                         | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |    330525 | NS      | $4491834.75   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust Inc          | Piedmont Office Realty Trust Inc          | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               |  | US        |    400224 | NS      | $4166331.84   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                  | Mitsubishi Estate Co Ltd                  | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    220948 | NS      | $3119908.61   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                 | AvalonBay Communities Inc                 | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |      3219 | NS      | $563003.10    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                | Apple Hospitality REIT Inc                | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |    201066 | NS      | $3430185.96   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust         | National Storage Affiliates Trust         | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               |  | US        |     23846 | NS      | $949309.26    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                        | Kilroy Realty Corp                        | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |      9130 | NS      | $394598.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                       | VICI Properties Inc                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     67673 | NS      | $2314416.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                  | Simon Property Group Inc                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     35708 | NS      | $4264963.52   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                              | Klepierre SA                              | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |     30474 | NS      | $706151.01    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Abacus Property Group                     | Abacus Property Group                     | CUSIP: 000000000<br>LEI: 2138009R3Y4TK4IZDW59 | Long             | EC               |  | AU        |    297761 | NS      | $560799.11    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Longfor Group Holdings Ltd                | Longfor Group Holdings Ltd                | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | EC               | CORP              | KY        |    586083 | NS      | $1785669.02   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| RioCan Real Estate Investment Trust       | RioCan Real Estate Investment Trust       | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               |  | CA        |     50700 | NS      | $796786.98    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hulic Co Ltd                              | Hulic Co Ltd                              | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |     73000 | NS      | $616448.17    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| National Retail Properties Inc            | National Retail Properties Inc            | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |     44455 | NS      | $2060933.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc             | Armada Hoffler Properties Inc             | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |     58540 | NS      | $711261.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA | Multiplan Empreendimentos Imobiliarios SA | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    124031 | NS      | $548051.46    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Industrial Trust                | Mapletree Industrial Trust                | CUSIP: 000000000<br>LEI: 549300R7WZFHXNKDJF41 | Long             | EC               |  | SG        |    190700 | NS      | $314185.59    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage REIT                     | National Storage REIT                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1668210 | NS      | $2746189.73   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| EastGroup Properties Inc                  | EastGroup Properties Inc                  | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     29681 | NS      | $4607678.44   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Real Estate Investment Trust          | H&R Real Estate Investment Trust          | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               |  | CA        |    596964 | NS      | $5520746.50   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc                   | Postal Realty Trust Inc                   | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     55185 | NS      | $854815.65    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                | Vonovia SE                                | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     59524 | NS      | $1478510.71   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc     | Mid-America Apartment Communities Inc     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |     53827 | NS      | $8874995.76   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                  | Digital Realty Trust Inc                  | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |      3331 | NS      | $374604.26    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invincible Investment Corp                | Invincible Investment Corp                | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      4548 | NS      | $1581730.70   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                    | Warehouses De Pauw CVA                    | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |     13156 | NS      | $351530.51    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                 | Segro PLC                                 | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    125178 | NS      | $1211388.56   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                   | Extra Space Storage Inc                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     21670 | NS      | $3482152.30   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON REIT Investment Corp               | NIPPON REIT Investment Corp               | CUSIP: 000000000<br>LEI: 3538004O49OJ90PEXX85 | Long             | EC               |  | JP        |       743 | NS      | $1979928.81   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd                     | CK Asset Holdings Ltd                     | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |   1092296 | NS      | $6537931.80   | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicinity Ltd                              | Vicinity Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   3032873 | NS      | $4222625.00   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandox AB                                 | Pandox AB                                 | CUSIP: 000000000<br>LEI: 549300K4HA8EBLSL3B97 | Long             | EC               | CORP              | SE        |     59245 | NS      | $739537.47    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc               | Healthcare Realty Trust Inc               | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    105459 | NS      | $2165073.27   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                      | City Office REIT Inc                      | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               |  | US        |     17407 | NS      | $172155.23    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                               | Equinix Inc                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     19356 | NS      | $13368221.40  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                 | Healthpeak Properties Inc                 | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |     80575 | NS      | $2115899.50   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                        | CareTrust REIT Inc                        | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    221284 | NS      | $4381423.20   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| K Wah International Holdings Ltd          | K Wah International Holdings Ltd          | CUSIP: 000000000<br>LEI: 529900ZOP51K5LHLPK04 | Long             | EC               | CORP              | BM        |    909000 | NS      | $286141.56    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes Inc                      | Invitation Homes Inc                      | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               |  | US        |    179071 | NS      | $5843086.73   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                       | Equity Commonwealth                       | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               |  | US        |     57139 | NS      | $1547895.51   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Yuexiu Property Co Ltd                    | Yuexiu Property Co Ltd                    | CUSIP: 000000000<br>LEI: 529900GASK6R1FD08W10 | Long             | EC               | CORP              | HK        |   1390599 | NS      | $1764936.72   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd                  | China Resources Land Ltd                  | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | KY        |    556000 | NS      | $2582572.54   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-27

**Name of Applicant:** SCHWAB INVESTMENTS

**Signature:** Mark Fischer

**Name of Signer:** Mark Fischer

**Title:** CFO