# EDGAR Filing Document

**Accession Number:** 0000869365
**File Stem:** 0001752724-23-000597
**Filing Date:** 2023-1
**Character Count:** 50610
**Document Hash:** 63491c5425b2fb7eff7d68ea74a5e4fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-000597.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001752724-23-000597

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**EFFECTIVENESS DATE**: 20230110

**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-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06200
- **FILM NUMBER:** 23521799

**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           |

## Internal

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

**To the Board of Trustees of Schwab Investments and Shareholders of Schwab 1000 Index Fund:**

In planning and performing our audits of the financial statements of Schwab 1000 Index Fund (the "Fund"), as of and for the year ended October 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed 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. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the trust; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of October 31, 2022.

------

This report is intended solely for the information and use of management and Board of Trustees of Schwab Investments and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP

Denver, Colorado

December 16, 2022

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000869365

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000006807

**Class ID Record:1**
- **Class ID:** C000018433

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-10-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** SCHWAB INVESTMENTS

- **Item B.1.b - Investment Company Act file number:** 811-06200

- **Item B.1.c - CIK:** 0000869365

- **Item B.1.d - LEI:** 549300V41RCJNTEW5K68

- **Item B.2.a - Street 1:** 211 MAIN STREET

- **Item B.2.b - City:** SAN FRANCISCO

- **Item B.2.c - State:** CA

- **Item B.2.e - Zip Code:** 94105

- **Item B.2.f - Telephone:** 800-648-5300

- **Item B.2.g - Public Website:** www.schwabassetmanagement.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Charles Schwab Investment Management, Inc.

- **b. Street 1:** 211 Main Street

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

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

- **h. Briefly describe the books and records kept at this location:** Investment Manager and Fund Administrator

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** Charles Schwab & Co., Inc.

- **b. Street 1:** 211 Main Street

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

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

- **h. Briefly describe the books and records kept at this location:** Principal Underwriter

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** BNY Mellon Investment Servicing, Inc.

- **b. Street 1:** 4400 Computer Drive

- **c. City:** Westborough

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 01581

- **g. Telephone number:** 800-441-9800

- **h. Briefly describe the books and records kept at this location:** Transfer Agent

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** Schwab Investments Trust

- **b. Street 1:** 211 Main Street

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

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

- **h. Briefly describe the books and records kept at this location:** Trust and Fund Records

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** One  Lincoln Street

- **c. City:** Boston

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02111

- **g. Telephone number:** 617-786-3000

- **h. Briefly describe the books and records kept at this location:** Custodian and Fund Accountant

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** SCHFLFSETF

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 8

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                   | Is Interested Person?   | Other Investment Company File Numbers                 |
|:---|:---|:---|
| Michael J. Beer        | No                      | 811-05954, 811-08314, 811-22311, 811-07704, 811-05547 |
| Nancy F. Heller        | No                      | 811-05547, 811-08314, 811-05954, 811-07704, 811-22311 |
| Richard A. Wurster     | Yes                     | 811-07704, 811-22311, 811-08314, 811-05547, 811-05954 |
| Walter W. Bettinger II | Yes                     | 811-22311, 811-05954, 811-07704, 811-08314, 811-05547 |
| David L. Mahoney       | No                      | 811-22311, 811-05547, 811-05954, 811-08314, 811-07704 |
| Kimberly S. Patmore    | No                      | 811-07704, 811-05954, 811-22311, 811-08314, 811-05547 |
| Jean Derek Penn        | No                      | 811-07704, 811-08314, 811-22311, 811-05954, 811-05547 |
| Kiran M. Patel         | No                      | 811-08314, 811-07704, 811-22311, 811-05547, 811-05954 |
| Jane P. Moncreiff      | No                      | 811-07704, 811-05954, 811-05547, 811-08314, 811-22311 |
| Robert W. Burns        | No                      | 811-08314, 811-05954, 811-05547, 811-07704, 811-22311 |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Michael Hogan

- **b. CRD Number, if any:** 002986381

- **c. Street Address 1:** One International Place

- **d. City:** Boston

- **e. State, if applicable:** MA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 02110

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** —

| Series Name   | Series ID   |
|:---|:---|
| N/A           | N/A         |

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Charles Schwab & Co., Inc.

- **ii. SEC file number:** 8-16514

- **iii. CRD number:** 000005393

- **iv. LEI, if any:** 549300ZP8XN77GK5BS04

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Deloitte & Touche LLP

- **b. PCAOB Number:** 34

- **c. LEI, if any:** 00000000000000000000

- **d. State, if applicable:** CO

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Schwab 1000 Index Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Schwab 1000 Index Fund

- **b. Series identification number, if any:** S000006807

- **c. LEI:** 549300POUDZNU374H849

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Schwab 1000 Index Fund  | C000018433                                | SNXFX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Goldman Sachs Bank USA

- **ii. LEI, if any:** KD3XUN7C6T14HNAYLU02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** SSGA Funds Management, Inc.

- **ii. LEI, if any:** FT3UGI3NU6B7EELQF380

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $10,456,929.78

- **g. Provide the net income from securities lending activities:** $509,700.45

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Charles Schwab Investment Management, Inc.

- **ii. SEC file number:** 801-35905

- **iii. CRD number:** 000106753

- **iv. LEI, if any:** EVQ6EP3QESDF386W4D54

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Charles Schwab Investment Management, Inc.

- **ii. LEI, if any, or other identifying number:** EVQ6EP3QESDF386W4D54

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** TD Ameritrade Clearing, Inc.

- **b. SEC file number:** 8-16335

- **c. CRD number:** 000005633

- **d. LEI, if any:** MRK678VXOI09YSSN8X19

- **e. State, if applicable:** NE

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** TD Ameritrade Singapore Pte. Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** 00000000000000000000

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** TD Ameritrade, Inc.

- **b. SEC file number:** 8-23395

- **c. CRD number:** 000007870

- **d. LEI, if any:** CWQYQU0TV2NLMLZKNB44

- **e. State, if applicable:** NE

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Charles Schwab & Co., Inc.

- **b. SEC file number:** 8-16514

- **c. CRD number:** 000005393

- **d. LEI, if any:** 549300ZP8XN77GK5BS04

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** TD Ameritrade Hong Kong Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** 00000000000000000000

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Charles Schwab, Hong Kong, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** 00000000000000000000

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Mizuho Securities USA LLC

- **ii. SEC file number:** 8-37710

- **iii. CRD number:** 000019647

- **iv. LEI, if any:** 7TK5RJIZDFROZCA6XF66

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,968.31

**Brokers Record: 2**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,258.49

**Brokers Record: 3**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,076.01

**Brokers Record: 4**

- **i. Full name of broker:** Siebert Williams Shank & Co., LLC

- **ii. SEC file number:** 8-49877

- **iii. CRD number:** 000042568

- **iv. LEI, if any:** 254900VTARX8RAY9QK77

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,005.48

**Brokers Record: 5**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,274.35

**Brokers Record: 6**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,894.23

**Brokers Record: 7**

- **i. Full name of broker:** Citadel Securities Institutional LLC

- **ii. SEC file number:** 8-69663

- **iii. CRD number:** 000281102

- **iv. LEI, if any:** 549300MLQ1S3715IUK04

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,072.01

**Brokers Record: 8**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 8-422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,738.09

**Brokers Record: 9**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,847.51

**Brokers Record: 10**

- **i. Full name of broker:** Virtu Americas LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,328.02

**Aggregate Commission:** $96,957.73

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BofA Securities, Inc.                 | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $1,037,000.94             |
| Citigroup Global Markets Inc.         | 8-8177            |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $248,118.21               |
| Morgan Stanley & Co. LLC              | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $360,468.00               |
| Goldman Sachs & Co. LLC               | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $3,868,683.05             |
| J.P. Morgan Securities LLC            | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $699,554.00               |
| Credit Agricole Securities (USA) Inc. | 8-13753           |    000000190 | 549300WO2DKF0Q3YMV43 | NY      | US        | $997,437.78               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,316,597.98

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $12,912,353,633.83

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,000,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 2 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 3 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 4 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 5 Name of institution:** Citibank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| Schwab Fundamental U.S. Broad Market Index ETF               | 811-22311         |
| Schwab Target 2050 Fund                                      | 811-07704         |
| Schwab Fundamental International Small Company Index Fund    | 811-07704         |
| Schwab U.S. TIPS ETF                                         | 811-22311         |
| Schwab Fundamental Emerging Markets Large Company Index ETF  | 811-22311         |
| Schwab Tax-Free Bond Fund                                    | 811-06200         |
| Schwab Fundamental US Small Company Index Fund               | 811-07704         |
| Schwab Short-Term U.S. Treasury ETF                          | 811-22311         |
| Schwab Retirement Government Money Fund                      | 811-05954         |
| Schwab MarketTrack Growth Portfolio                          | 811-07704         |
| Schwab Target 2055 Fund                                      | 811-07704         |
| Schwab Target 2040 Fund                                      | 811-07704         |
| Schwab Emerging Markets Equity ETF                           | 811-22311         |
| Schwab 1-5 Year Corporate Bond ETF                           | 811-22311         |
| Schwab Target 2010 Index Fund                                | 811-07704         |
| Schwab Target 2065 Fund                                      | 811-07704         |
| Schwab Select Large Cap Growth Fund                          | 811-05547         |
| Schwab Fundamental Global Real Estate Index Fund             | 811-07704         |
| Schwab 5-10 Year Corporate Bond ETF                          | 811-22311         |
| Schwab Target 2045 Fund                                      | 811-07704         |
| Schwab S&P 500 Index Fund                                    | 811-07704         |
| Schwab Monthly Income Fund - Target Payout                   | 811-07704         |
| Schwab Treasury Obligations Money Fund                       | 811-05954         |
| Schwab Target 2020 Index Fund                                | 811-07704         |
| Schwab U.S. Aggregate Bond ETF                               | 811-22311         |
| Schwab Dividend Equity Fund                                  | 811-07704         |
| Schwab U.S. Treasury Money Fund                              | 811-05954         |
| Schwab Fundamental Emerging Markets Large Company Index Fund | 811-07704         |
| Schwab Variable Share Price Money Fund                       | 811-05954         |
| Schwab MarketTrack Conservative Portfolio                    | 811-07704         |
| Schwab Target 2050 Index Fund                                | 811-07704         |
| Schwab California Tax-Free Bond Fund                         | 811-06200         |
| Schwab International Equity ETF                              | 811-22311         |
| Schwab Government Money Market Portfolio                     | 811-08314         |
| Schwab U.S. Large-Cap Growth ETF                             | 811-22311         |
| Schwab Target 2025 Index Fund                                | 811-07704         |
| Schwab Fundamental International Large Company Index ETF     | 811-22311         |
| Schwab Target 2010 Fund                                      | 811-07704         |
| Schwab U.S. Large-Cap Value ETF                              | 811-22311         |
| Schwab Government Money Fund                                 | 811-05954         |
| Schwab Target 2035 Index Fund                                | 811-07704         |
| Schwab Monthly Income Fund - Income Payout                   | 811-07704         |
| Schwab U.S. Mid-Cap Index Fund                               | 811-07704         |
| Schwab VIT Balanced Portfolio                                | 811-08314         |
| Schwab Monthly Income Fund - Flexible Payout                 | 811-07704         |
| Schwab International Index Fund                              | 811-07704         |
| Schwab 1000 Index ETF                                        | 811-22311         |
| Schwab International Opportunities Fund                      | 811-07704         |
| Schwab Core Equity Fund                                      | 811-07704         |
| Schwab U.S. Large-Cap Value Index Fund                       | 811-07704         |
| Schwab S&P 500 Index Portfolio                               | 811-08314         |
| Schwab U.S. Large-Cap ETF                                    | 811-22311         |
| Schwab Target 2035 Fund                                      | 811-07704         |
| Schwab Target 2040 Index Fund                                | 811-07704         |
| Schwab International Dividend Equity ETF                     | 811-22311         |
| Schwab Long-Term U.S. Treasury ETF                           | 811-22311         |
| Schwab Short-Term Bond Index Fund                            | 811-06200         |
| Schwab MarketTrack All Equity Portfolio                      | 811-07704         |
| Schwab Target 2060 Index Fund                                | 811-07704         |
| Schwab Opportunistic Municipal Bond Fund                     | 811-06200         |
| Schwab Small-Cap Index Fund                                  | 811-07704         |
| Schwab California Municipal Money Fund                       | 811-05954         |
| Schwab Value Advantage Money Fund                            | 811-05954         |
| Schwab U.S. Aggregate Bond Index Fund                        | 811-06200         |
| Schwab VIT Balanced with Growth Portfolio                    | 811-08314         |
| Schwab International Small-Cap Equity ETF                    | 811-22311         |
| Schwab Target 2015 Fund                                      | 811-07704         |
| Schwab Crypto Thematic ETF                                   | 811-22311         |
| Schwab Municipal Money Fund                                  | 811-05954         |
| Schwab Intermediate-Term U.S. Treasury ETF                   | 811-22311         |
| Schwab Ariel ESG ETF                                         | 811-22311         |
| Schwab Target 2055 Index Fund                                | 811-07704         |
| Schwab AMT Tax-Free Money Fund                               | 811-05954         |
| Schwab Target 2025 Fund                                      | 811-07704         |
| Schwab Fundamental U.S. Large Company Index ETF              | 811-22311         |
| Schwab U.S. Small-Cap ETF                                    | 811-22311         |
| Schwab Target 2045 Index Fund                                | 811-07704         |
| Schwab Fundamental U.S. Small Company Index ETF              | 811-22311         |
| Schwab Large-Cap Growth Fund                                 | 811-07704         |
| Schwab Small-Cap Equity Fund                                 | 811-07704         |
| Schwab Balanced Fund                                         | 811-07704         |
| Schwab U.S. Large-Cap Growth Index Fund                      | 811-07704         |
| Schwab Target 2020 Fund                                      | 811-07704         |
| Schwab Fundamental International Small Company Index ETF     | 811-22311         |
| Schwab New York Municipal Money Fund                         | 811-05954         |
| Schwab U.S. Dividend Equity ETF                              | 811-22311         |
| Schwab Treasury Inflation Protected Securities Index Fund    | 811-06200         |
| Schwab Global Real Estate Fund                               | 811-06200         |
| Schwab VIT Growth Portfolio                                  | 811-08314         |
| Schwab Total Stock Market Index Fund                         | 811-07704         |
| Schwab U.S. Broad Market ETF                                 | 811-22311         |
| Schwab MarketTrack Balanced Portfolio                        | 811-07704         |
| Schwab International Core Equity Fund                        | 811-07704         |
| Schwab Target 2030 Index Fund                                | 811-07704         |
| Schwab Target 2030 Fund                                      | 811-07704         |
| Schwab U.S. REIT ETF                                         | 811-22311         |
| Schwab Target 2060 Fund                                      | 811-07704         |
| Schwab Fundamental International Large Company Index Fund    | 811-07704         |
| Schwab Target 2065 Index Fund                                | 811-07704         |
| Schwab Health Care Fund                                      | 811-07704         |
| Schwab U.S. Mid-Cap ETF                                      | 811-22311         |
| Schwab Fundamental US Large Company Index Fund               | 811-07704         |
| Schwab Target 2015 Index Fund                                | 811-07704         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $400,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** State Street Bank and Trust Company

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| Schwab Large-Cap Growth Fund                                 | 811-07704         |
| Schwab U.S. Large-Cap Growth Index Fund                      | 811-07704         |
| Schwab California Tax-Free Bond Fund                         | 811-06200         |
| Schwab New York Municipal Money Fund                         | 811-05954         |
| Schwab Opportunistic Municipal Bond Fund                     | 811-06200         |
| Schwab S&P 500 Index Portfolio                               | 811-08314         |
| Schwab U.S. Broad Market ETF                                 | 811-22311         |
| Schwab Target 2020 Index Fund                                | 811-07704         |
| Schwab Global Real Estate Fund                               | 811-06200         |
| Schwab Monthly Income Fund - Income Payout                   | 811-07704         |
| Schwab Target 2035 Fund                                      | 811-07704         |
| Schwab Fundamental US Small Company Index Fund               | 811-07704         |
| Schwab Target 2010 Fund                                      | 811-07704         |
| Schwab Target 2060 Index Fund                                | 811-07704         |
| Schwab International Opportunities Fund                      | 811-07704         |
| Schwab Emerging Markets Equity ETF                           | 811-22311         |
| Schwab Variable Share Price Money Fund                       | 811-05954         |
| Schwab Crypto Thematic ETF                                   | 811-22311         |
| Schwab U.S. Mid-Cap ETF                                      | 811-22311         |
| Schwab Total Stock Market Index Fund                         | 811-07704         |
| Schwab U.S. Aggregate Bond Index Fund                        | 811-06200         |
| Schwab U.S. Large-Cap ETF                                    | 811-22311         |
| Schwab International Dividend Equity ETF                     | 811-22311         |
| Schwab U.S. Dividend Equity ETF                              | 811-22311         |
| Schwab Balanced Fund                                         | 811-07704         |
| Schwab AMT Tax-Free Money Fund                               | 811-05954         |
| Schwab Target 2050 Index Fund                                | 811-07704         |
| Schwab Fundamental Emerging Markets Large Company Index ETF  | 811-22311         |
| Schwab Monthly Income Fund - Target Payout                   | 811-07704         |
| Schwab Select Large Cap Growth Fund                          | 811-05547         |
| Schwab Intermediate-Term U.S. Treasury ETF                   | 811-22311         |
| Schwab International Core Equity Fund                        | 811-07704         |
| Schwab 1000 Index ETF                                        | 811-22311         |
| Schwab Fundamental US Large Company Index Fund               | 811-07704         |
| Schwab VIT Balanced Portfolio                                | 811-08314         |
| Schwab U.S. Mid-Cap Index Fund                               | 811-07704         |
| Schwab Target 2025 Index Fund                                | 811-07704         |
| Schwab Target 2030 Index Fund                                | 811-07704         |
| Schwab Target 2020 Fund                                      | 811-07704         |
| Schwab MarketTrack Balanced Portfolio                        | 811-07704         |
| Schwab Target 2040 Index Fund                                | 811-07704         |
| Schwab International Equity ETF                              | 811-22311         |
| Schwab Fundamental International Large Company Index Fund    | 811-07704         |
| Schwab U.S. REIT ETF                                         | 811-22311         |
| Schwab Municipal Money Fund                                  | 811-05954         |
| Schwab Government Money Market Portfolio                     | 811-08314         |
| Schwab Short-Term Bond Index Fund                            | 811-06200         |
| Schwab Target 2025 Fund                                      | 811-07704         |
| Schwab Fundamental International Small Company Index ETF     | 811-22311         |
| Schwab Target 2055 Index Fund                                | 811-07704         |
| Schwab Government Money Fund                                 | 811-05954         |
| Schwab Target 2010 Index Fund                                | 811-07704         |
| Schwab S&P 500 Index Fund                                    | 811-07704         |
| Schwab Fundamental International Large Company Index ETF     | 811-22311         |
| Schwab Long-Term U.S. Treasury ETF                           | 811-22311         |
| Schwab VIT Growth Portfolio                                  | 811-08314         |
| Schwab U.S. TIPS ETF                                         | 811-22311         |
| Schwab Retirement Government Money Fund                      | 811-05954         |
| Schwab Target 2015 Fund                                      | 811-07704         |
| Schwab Fundamental U.S. Large Company Index ETF              | 811-22311         |
| Schwab Target 2045 Fund                                      | 811-07704         |
| Schwab Target 2050 Fund                                      | 811-07704         |
| Schwab Target 2035 Index Fund                                | 811-07704         |
| Schwab Fundamental Global Real Estate Index Fund             | 811-07704         |
| Schwab U.S. Large-Cap Value Index Fund                       | 811-07704         |
| Schwab Small-Cap Index Fund                                  | 811-07704         |
| Schwab International Small-Cap Equity ETF                    | 811-22311         |
| Schwab U.S. Large-Cap Growth ETF                             | 811-22311         |
| Schwab Core Equity Fund                                      | 811-07704         |
| Schwab U.S. Small-Cap ETF                                    | 811-22311         |
| Schwab Tax-Free Bond Fund                                    | 811-06200         |
| Schwab U.S. Large-Cap Value ETF                              | 811-22311         |
| Schwab Fundamental International Small Company Index Fund    | 811-07704         |
| Schwab Monthly Income Fund - Flexible Payout                 | 811-07704         |
| Schwab Fundamental U.S. Broad Market Index ETF               | 811-22311         |
| Schwab Small-Cap Equity Fund                                 | 811-07704         |
| Schwab MarketTrack Conservative Portfolio                    | 811-07704         |
| Schwab International Index Fund                              | 811-07704         |
| Schwab MarketTrack Growth Portfolio                          | 811-07704         |
| Schwab Target 2040 Fund                                      | 811-07704         |
| Schwab U.S. Treasury Money Fund                              | 811-05954         |
| Schwab Treasury Inflation Protected Securities Index Fund    | 811-06200         |
| Schwab 1-5 Year Corporate Bond ETF                           | 811-22311         |
| Schwab Health Care Fund                                      | 811-07704         |
| Schwab Target 2045 Index Fund                                | 811-07704         |
| Schwab Target 2060 Fund                                      | 811-07704         |
| Schwab Treasury Obligations Money Fund                       | 811-05954         |
| Schwab Fundamental U.S. Small Company Index ETF              | 811-22311         |
| Schwab VIT Balanced with Growth Portfolio                    | 811-08314         |
| Schwab Short-Term U.S. Treasury ETF                          | 811-22311         |
| Schwab U.S. Aggregate Bond ETF                               | 811-22311         |
| Schwab Target 2030 Fund                                      | 811-07704         |
| Schwab Ariel ESG ETF                                         | 811-22311         |
| Schwab Target 2055 Fund                                      | 811-07704         |
| Schwab California Municipal Money Fund                       | 811-05954         |
| Schwab Target 2065 Fund                                      | 811-07704         |
| Schwab 5-10 Year Corporate Bond ETF                          | 811-22311         |
| Schwab MarketTrack All Equity Portfolio                      | 811-07704         |
| Schwab Fundamental Emerging Markets Large Company Index Fund | 811-07704         |
| Schwab Value Advantage Money Fund                            | 811-05954         |
| Schwab Dividend Equity Fund                                  | 811-07704         |
| Schwab Target 2015 Index Fund                                | 811-07704         |
| Schwab Target 2065 Index Fund                                | 811-07704         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** SCHWAB INVESTMENTS

**Date:** 2023-01-09

**Signature:** Derek DeBenedictis

**Title:** Assistant Treasurer