# EDGAR Filing Document

**Accession Number:** 0000869365
**File Stem:** 0001752724-25-179363
**Filing Date:** 2025-7
**Character Count:** 60147
**Document Hash:** acf0dca2886baddfefe5e6ef71e9f317
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179363.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179363

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 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:** 251150901

**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

Schwab Global Real Estate Fund

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 98.9% OF NET ASSETS | **COMMON STOCKS** 98.9% OF NET ASSETS | **COMMON STOCKS** 98.9% OF NET ASSETS |
| **Australia 7.1%** | **Australia 7.1%** | **Australia 7.1%** |
| BWP Trust  | 962817 | 2198005 |
| Charter Hall Group  | 172612 | 2023773 |
| Goodman Group  | 238706 | 5063005 |
| GPT Group  | 335119 | 1037639 |
| Ingenia Communities Group  | 226070 | 833754 |
| Scentre Group  | 1215285 | 2877435 |
| Vicinity Ltd.  | 3764649 | 5979040 |
|  |  | **20012651** |
| **Belgium 1.9%** | **Belgium 1.9%** | **Belgium 1.9%** |
| Montea NV  | 37757 | 2789804 |
| Warehouses De Pauw CVA  | 104923 | 2559724 |
|  |  | **5349528** |
| **Brazil 0.7%** | **Brazil 0.7%** | **Brazil 0.7%** |
| Multiplan Empreendimentos Imobiliarios SA  | 408976 | **1922069** |
| **Canada 2.2%** | **Canada 2.2%** | **Canada 2.2%** |
| Chartwell Retirement Residences  | 66063 | 895859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Choice Properties Real Estate Investment <br> Trust <br>| 154876 | 1689433 |
| Crombie Real Estate Investment Trust  | 86798 | 936699 |
| H&R Real Estate Investment Trust  | 208865 | 1587395 |
| Primaris Real Estate Investment Trust  | 103200 | 1153560 |
|  |  | **6262946** |
| **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** |
| Plaza SA  | 284260 | **618897** |
| **China 2.1%** | **China 2.1%** | **China 2.1%** |
| China Overseas Property Holdings Ltd.  | 3140000 | 2087938 |
| China Resources Land Ltd.  | 786000 | 2546054 |
| Greentown China Holdings Ltd.  | 1021000 | 1231779 |
|  |  | **5865771** |
| **France 2.8%** | **France 2.8%** | **France 2.8%** |
| ARGAN SA  | 5247 | 383757 |
| Covivio SA  | 93085 | 5585075 |
| Klepierre SA  | 38928 | 1523936 |
| Unibail-Rodamco-Westfield \* | 3043 | 288599 |
|  |  | **7781367** |
| **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** |
| TAG Immobilien AG  | 31016 | **524304** |
| **Guernsey 1.2%** | **Guernsey 1.2%** | **Guernsey 1.2%** |
| Sirius Real Estate Ltd.  | 2712557 | **3492604** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Hong Kong 3.1%** | **Hong Kong 3.1%** | **Hong Kong 3.1%** |
| CK Asset Holdings Ltd.  | 91000 | 375897 |
| Hysan Development Co. Ltd.  | 348000 | 571783 |
| Link REIT  | 545200 | 2885326 |
| Sun Hung Kai Properties Ltd.  | 448500 | 4817638 |
|  |  | **8650644** |
| **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** |
| Ciputra Development Tbk. PT  | 9364660 | 564101 |
| Pakuwon Jati Tbk. PT  | 20082900 | 492499 |
|  |  | **1056600** |
| **Ireland 0.3%** | **Ireland 0.3%** | **Ireland 0.3%** |
| Glenveagh Properties PLC \* | 421560 | **860527** |
| **Japan 9.3%** | **Japan 9.3%** | **Japan 9.3%** |
| Activia Properties, Inc.  | 620 | 495084 |
| Daiwa House Industry Co. Ltd.  | 63500 | 2140962 |
| Global One Real Estate Investment Corp.  | 894 | 772473 |
| Hulic Co. Ltd.  | 356900 | 3613667 |
| Hulic Reit, Inc.  | 1295 | 1360445 |
| Japan Real Estate Investment Corp.  | 210 | 170504 |
| Mitsubishi Estate Co. Ltd.  | 168100 | 3055046 |
| Mitsui Fudosan Co. Ltd.  | 185600 | 1777581 |
| NIPPON REIT Investment Corp.  | 5990 | 3603127 |
| Nomura Real Estate Master Fund, Inc.  | 658 | 660722 |
| Orix JREIT, Inc.  | 637 | 791763 |
| Sekisui House Reit, Inc.  | 7317 | 3919036 |
| Sumitomo Realty & Development Co. Ltd.  | 20800 | 796783 |
| Tokyu Fudosan Holdings Corp.  | 188400 | 1372682 |
| Tokyu REIT, Inc.  | 1196 | 1535782 |
|  |  | **26065657** |
| **Luxembourg 1.4%** | **Luxembourg 1.4%** | **Luxembourg 1.4%** |
| Aroundtown SA \* | 418924 | 1331969 |
| Grand City Properties SA \* | 200904 | 2551242 |
|  |  | **3883211** |
| **Malaysia 1.4%** | **Malaysia 1.4%** | **Malaysia 1.4%** |
| Eco World Development Group Bhd.  | 3584400 | 1598718 |
| Mah Sing Group Bhd.  | 5962500 | 1426729 |
| SP Setia Bhd. Group  | 3386500 | 921948 |
|  |  | **3947395** |
| **Philippines 0.1%** | **Philippines 0.1%** | **Philippines 0.1%** |
| Robinsons Land Corp. \* | 1245500 | **291438** |
| **Singapore 2.1%** | **Singapore 2.1%** | **Singapore 2.1%** |
| CapitaLand Ascendas REIT  | 272000 | 558203 |
| CapitaLand Integrated Commercial Trust  | 661900 | 1072126 |
| Keppel DC REIT  | 739900 | 1255127 |

---

**1**

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Schwab Global Real Estate Fund

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Mapletree Industrial Trust  | 1409000 | 2107496 |
| UOL Group Ltd.  | 173000 | 765112 |
|  |  | **5758064** |
| **Spain 0.3%** | **Spain 0.3%** | **Spain 0.3%** |
| Merlin Properties Socimi SA  | 79250 | **981842** |
| **Sweden 1.3%** | **Sweden 1.3%** | **Sweden 1.3%** |
| Fastighets AB Balder, B Shares \* | 241468 | 1693048 |
| Pandox AB  | 118446 | 1986671 |
|  |  | **3679719** |
| **United Arab Emirates 2.2%** | **United Arab Emirates 2.2%** | **United Arab Emirates 2.2%** |
| Aldar Properties PJSC  | 243395 | 550230 |
| Emaar Development PJSC  | 891619 | 3251490 |
| Emaar Properties PJSC  | 697078 | 2496204 |
|  |  | **6297924** |
| **United Kingdom 2.7%** | **United Kingdom 2.7%** | **United Kingdom 2.7%** |
| Land Securities Group PLC  | 404300 | 3452372 |
| LondonMetric Property PLC  | 302709 | 821879 |
| Tritax Big Box REIT PLC  | 440980 | 873767 |
| Workspace Group PLC  | 413788 | 2324846 |
|  |  | **7472864** |
| **United States 55.9%** | **United States 55.9%** | **United States 55.9%** |
| Alexander & Baldwin, Inc.  | 198511 | 3555332 |
| American Assets Trust, Inc.  | 196775 | 3923694 |
| American Homes 4 Rent, Class A  | 38834 | 1469867 |
| American Tower Corp.  | 3734 | 801503 |
| Americold Realty Trust, Inc.  | 64613 | 1070637 |
| AvalonBay Communities, Inc.  | 23478 | 4854546 |
| Brixmor Property Group, Inc.  | 207284 | 5267087 |
| Broadstone Net Lease, Inc.  | 24000 | 381840 |
| Camden Property Trust  | 12057 | 1416577 |
| COPT Defense Properties  | 117823 | 3234241 |
| CTO Realty Growth, Inc.  | 100730 | 1855447 |
| CubeSmart  | 51109 | 2185421 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| DiamondRock Hospitality Co.  | 352366 | 2692076 |
| Digital Realty Trust, Inc.  | 37164 | 6374369 |
| EastGroup Properties, Inc.  | 32834 | 5567005 |
| Empire State Realty Trust, Inc., Class A  | 119957 | 918871 |
| EPR Properties  | 98748 | 5499276 |
| Equinix, Inc.  | 17923 | 15930321 |
| Equity LifeStyle Properties, Inc.  | 52544 | 3340222 |
| Equity Residential  | 30064 | 2108689 |
| Essex Property Trust, Inc.  | 22699 | 6444246 |
| First Industrial Realty Trust, Inc.  | 96130 | 4751706 |
| Getty Realty Corp.  | 36639 | 1072057 |
| Healthpeak Properties, Inc.  | 30447 | 530082 |
| Host Hotels & Resorts, Inc.  | 23002 | 356301 |
| Iron Mountain, Inc.  | 34400 | 3395624 |
| LTC Properties, Inc.  | 62337 | 2206107 |
| LXP Industrial Trust  | 155445 | 1333718 |
| Omega Healthcare Investors, Inc.  | 127218 | 4707066 |
| Phillips Edison & Co., Inc.  | 15813 | 560729 |
| Prologis, Inc.  | 95452 | 10366087 |
| Public Storage  | 17541 | 5409820 |
| Realty Income Corp.  | 30539 | 1729118 |
| Sabra Health Care REIT, Inc.  | 101418 | 1772787 |
| Simon Property Group, Inc.  | 42271 | 6893132 |
| SL Green Realty Corp.  | 20455 | 1161230 |
| Summit Hotel Properties, Inc.  | 176522 | 773166 |
| UDR, Inc.  | 160981 | 6669443 |
| Ventas, Inc.  | 46338 | 2978607 |
| VICI Properties, Inc.  | 218802 | 6938211 |
| Welltower, Inc.  | 92212 | 14226467 |
|  |  | **156722725** |
| **Total Common Stocks**<br> **(Cost $242,639,090)** | **Total Common Stocks**<br> **(Cost $242,639,090)** | **277498747** |
| **Total Investments in Securities**<br> **(Cost $242,639,090)** | **Total Investments in Securities**<br> **(Cost $242,639,090)** | **277498747** |

---

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

\* Non-income producing security.

&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**

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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 May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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>| $165526637 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $165526637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia |  | &nbsp;&nbsp;&nbsp; 20012651 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20012651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belgium |  | &nbsp;&nbsp;&nbsp; 5349528 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5349528 |
| &nbsp;&nbsp;&nbsp;&nbsp; China |  | &nbsp;&nbsp;&nbsp; 5865771 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5865771 |
| &nbsp;&nbsp;&nbsp;&nbsp; France |  | &nbsp;&nbsp;&nbsp; 7781367 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7781367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany |  | &nbsp;&nbsp;&nbsp; 524304 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 524304 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guernsey |  | &nbsp;&nbsp;&nbsp; 3492604 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3492604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | &nbsp;&nbsp;&nbsp; 8650644 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8650644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | &nbsp;&nbsp;&nbsp; 1056600 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1056600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ireland |  | &nbsp;&nbsp;&nbsp; 860527 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 860527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan |  | &nbsp;&nbsp;&nbsp; 26065657 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26065657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luxembourg |  | &nbsp;&nbsp;&nbsp; 3883211 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3883211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia |  | &nbsp;&nbsp;&nbsp; 3947395 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3947395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philippines |  | &nbsp;&nbsp;&nbsp; 291438 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 291438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | &nbsp;&nbsp;&nbsp; 5758064 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5758064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain |  | &nbsp;&nbsp;&nbsp; 981842 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 981842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | 1986671 | &nbsp;&nbsp;&nbsp; 1693048 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3679719 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | &nbsp;&nbsp;&nbsp; 6297924 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6297924 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 2324846 | &nbsp;&nbsp;&nbsp; 5148018 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7472864 |
| **Total** | **$169838154** | &nbsp;&nbsp; **$107660593** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$277498747** |

---

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

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

**3**

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Schwab Global Real Estate Fund

**Notes to Portfolio Holdings (Unaudited)** 

------

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (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 as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in 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.

&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's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that 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. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts. Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2 or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. 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 the 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**

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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.

The levels associated with valuing the fund's investments as of May 31, 2025, are disclosed in the fund's Portfolio Holdings.

REG46025MAY25

**5**

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## 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:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $284032547.76

**Total Liabilities:** $3397927.51

**Net Assets:** $280634620.25

**Cash Not Reported:** $957357.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000043612 | -1.70%               | 1.44%                | 2.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1394668.52             | $-4752335.60                               |
| Month 2  | $-309916.17              | $2958451.92                                |
| Month 3  | $1173580.30              | $6074483.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LondonMetric Property PLC                      | LondonMetric Property PLC                      | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               |  | GB        |    302709 | NS      | $821879.58    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc                 | Omega Healthcare Investors Inc                 | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |    127218 | NS      | $4707066.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                             | Equity Residential                             | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     30064 | NS      | $2108688.96   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Orix JREIT Inc                                 | Orix JREIT Inc                                 | CUSIP: 000000000<br>LEI: 353800WVNTBIU65TA247 | Long             | EC               |  | JP        |       637 | NS      | $791763.13    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                  | Welltower Inc                                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     92212 | NS      | $14226467.36  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                | Chartwell Retirement Residences                | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |     66063 | NS      | $895859.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                             | Realty Income Corp                             | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     30539 | NS      | $1729118.18   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius Real Estate Ltd                         | Sirius Real Estate Ltd                         | CUSIP: 000000000<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               |  | GG        |   2712557 | NS      | $3492603.81   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Reit Inc                                 | Hulic Reit Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1295 | NS      | $1360445.29   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Master Fund Inc             | Nomura Real Estate Master Fund Inc             | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               |  | JP        |       658 | NS      | $660722.31    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Land Securities Group PLC                      | Land Securities Group PLC                      | CUSIP: 000000000<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               |  | GB        |    404300 | NS      | $3452371.78   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakuwon Jati Tbk PT                            | Pakuwon Jati Tbk PT                            | CUSIP: 000000000<br>LEI: 254900GUXQAQB065PM73 | Long             | EC               | CORP              | ID        |  20082900 | NS      | $492499.28    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                                  | Scentre Group                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1215285 | NS      | $2877434.69   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UDR Inc                                        | UDR Inc                                        | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    160981 | NS      | $6669442.83   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinsons Land Corp                            | Robinsons Land Corp                            | CUSIP: 000000000<br>LEI: 254900BUUS5N9MUSIS52 | Long             | EC               | CORP              | PH        |   1245500 | NS      | $291437.94    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                     | Ventas Inc                                     | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     46338 | NS      | $2978606.64   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Greentown China Holdings Ltd                   | Greentown China Holdings Ltd                   | CUSIP: 000000000<br>LEI: 529900BLBC6YDNWS8530 | Long             | EC               | CORP              | KY        |   1021000 | NS      | $1231778.67   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House Industry Co Ltd                    | Daiwa House Industry Co Ltd                    | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |     63500 | NS      | $2140962.09   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Global One Real Estate Investment Corp         | Global One Real Estate Investment Corp         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       894 | NS      | $772472.92    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Americold Realty Trust Inc                     | Americold Realty Trust Inc                     | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               |  | US        |     81265 | NS      | $1346561.05   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Covivio SA/France                              | Covivio SA/France                              | CUSIP: 000000000<br>LEI: 969500P8M3W2XX376054 | Long             | EC               |  | FR        |     93085 | NS      | $5585074.63   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                          | Mitsui Fudosan Co Ltd                          | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    185600 | NS      | $1777580.49   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG Immobilien AG                              | TAG Immobilien AG                              | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |     31016 | NS      | $524303.76    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| UOL Group Ltd                                  | UOL Group Ltd                                  | CUSIP: 000000000<br>LEI: 254900O9PRCWTMR86R25 | Long             | EC               | CORP              | SG        |    173000 | NS      | $765112.30    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Glenveagh Properties PLC                       | Glenveagh Properties PLC                       | CUSIP: 000000000<br>LEI: 635400QUQ2YYGMOAK834 | Long             | EC               | CORP              | IE        |    421560 | NS      | $860526.96    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                 | Keppel DC REIT                                 | CUSIP: 000000000<br>LEI: 254900L7YDIFLO15BD60 | Long             | EC               |  | SG        |    739900 | NS      | $1255127.40   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| CubeSmart                                      | CubeSmart                                      | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     51109 | NS      | $2185420.84   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                    | Merlin Properties Socimi SA                    | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |     79250 | NS      | $981842.34    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Grand City Properties SA                       | Grand City Properties SA                       | CUSIP: 000000000<br>LEI: 5299002QLUYKK2WBMB18 | Long             | EC               | CORP              | LU        |    200904 | NS      | $2551242.28   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Inc                                   | Prologis Inc                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     95452 | NS      | $10366087.20  | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Primaris Real Estate Investment Trust          | Primaris Real Estate Investment Trust          | CUSIP: 74167K109<br>LEI: 549300WUM45OXSEVOT03 | Long             | EC               |  | CA        |    103200 | NS      | $1153559.95   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                       | Phillips Edison & Co Inc                       | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               |  | US        |     15813 | NS      | $560728.98    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                          | American Homes 4 Rent                          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     38834 | NS      | $1469866.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Development PJSC                         | Emaar Development PJSC                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    891619 | NS      | $3251490.29   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd           | Sumitomo Realty & Development Co Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20800 | NS      | $796782.66    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| DiamondRock Hospitality Co                     | DiamondRock Hospitality Co                     | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               |  | US        |    352366 | NS      | $2692076.24   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield                      | Unibail-Rodamco-Westfield                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | XX        |      3043 | NS      | $288598.71    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Empire State Realty Trust Inc                  | Empire State Realty Trust Inc                  | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               |  | US        |    119957 | NS      | $918870.62    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                  | Goodman Group                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    238706 | NS      | $5063004.65   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                            | American Tower Corp                            | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      3734 | NS      | $801503.10    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Workspace Group PLC                            | Workspace Group PLC                            | CUSIP: 000000000<br>LEI: 2138003GUZRFIN3UT430 | Long             | EC               |  | GB        |    413788 | NS      | $2324845.88   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Aroundtown SA                                  | Aroundtown SA                                  | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | EC               | CORP              | LU        |    418924 | NS      | $1331968.34   | 0.47%             |  |  |  | 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        |   3140000 | NS      | $2087938.42   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Choice Properties Real Estate Investment Trust | Choice Properties Real Estate Investment Trust | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               |  | CA        |    154876 | NS      | $1689433.25   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                      | American Assets Trust Inc                      | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               |  | US        |    196775 | NS      | $3923693.50   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                    | Tokyu Fudosan Holdings Corp                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    188400 | NS      | $1372682.41   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Brixmor Property Group Inc                     | Brixmor Property Group Inc                     | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |    207284 | NS      | $5267086.44   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                    | Sun Hung Kai Properties Ltd                    | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    448500 | NS      | $4817638.16   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| LTC Properties Inc                             | LTC Properties Inc                             | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               |  | US        |     62337 | NS      | $2206106.43   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Ascendas REIT                       | CapitaLand Ascendas REIT                       | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               |  | SG        |    272000 | NS      | $558202.84    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| COPT Defense Properties                        | COPT Defense Properties                        | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |    117823 | NS      | $3234241.35   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                 | Public Storage                                 | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     17541 | NS      | $5409819.81   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                      | Host Hotels & Resorts Inc                      | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |     23002 | NS      | $356300.98    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                 | EPR Properties                                 | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     98748 | NS      | $5499276.12   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu REIT Inc                                 | Tokyu REIT Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1196 | NS      | $1535782.27   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadstone Net Lease Inc                       | Broadstone Net Lease Inc                       | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |     24000 | NS      | $381840.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                      | Link REIT                                      | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |    545200 | NS      | $2885325.98   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGAN SA                                       | ARGAN SA                                       | CUSIP: 000000000<br>LEI: 529900FXM41XSCUSGH04 | Long             | EC               |  | FR        |      5247 | NS      | $383756.89    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                          | Emaar Properties PJSC                          | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    697078 | NS      | $2496203.48   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabra Health Care REIT Inc                     | Sabra Health Care REIT Inc                     | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    108418 | NS      | $1895146.64   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp              | Japan Real Estate Investment Corp              | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |       210 | NS      | $170503.45    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BWP Trust                                      | BWP Trust                                      | CUSIP: 000000000<br>LEI: 529900PNX10I8B4V0N76 | Long             | EC               |  | AU        |    962817 | NS      | $2198005.05   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Hall Group                             | Charter Hall Group                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    172612 | NS      | $2023773.47   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexander & Baldwin Inc                        | Alexander & Baldwin Inc                        | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198511 | NS      | $3555332.01   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc              | First Industrial Realty Trust Inc              | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |     96130 | NS      | $4751705.90   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                       | Essex Property Trust Inc                       | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     24678 | NS      | $7006084.20   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GPT Group/The                                  | GPT Group/The                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    335119 | NS      | $1037639.55   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                          | Aldar Properties PJSC                          | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    243395 | NS      | $550229.88    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Camden Property Trust                          | Camden Property Trust                          | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |     12057 | NS      | $1416576.93   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust         | CapitaLand Integrated Commercial Trust         | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |    661900 | NS      | $1072126.09   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Crombie Real Estate Investment Trust           | Crombie Real Estate Investment Trust           | CUSIP: 227107109<br>LEI: 549300OGQML2MCFAPT83 | Long             | EC               |  | CA        |     86798 | NS      | $936698.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                              | Iron Mountain Inc                              | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |     34400 | NS      | $3395624.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciputra Development Tbk PT                     | Ciputra Development Tbk PT                     | CUSIP: 000000000<br>LEI: 2549000JMJUYB9U5Y204 | Long             | EC               | CORP              | ID        |   9364660 | NS      | $564100.28    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Summit Hotel Properties Inc                    | Summit Hotel Properties Inc                    | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               |  | US        |    176522 | NS      | $773166.36    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                       | Mitsubishi Estate Co Ltd                       | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    168100 | NS      | $3055045.76   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                      | AvalonBay Communities Inc                      | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     23478 | NS      | $4854546.06   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                              | Getty Realty Corp                              | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               |  | US        |     36639 | NS      | $1072057.14   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                           | Fastighets AB Balder                           | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    241468 | NS      | $1693047.72   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| SP Setia Bhd Group                             | SP Setia Bhd Group                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   3386500 | NS      | $921947.48    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Plaza SA                                       | Plaza SA                                       | CUSIP: 000000000<br>LEI: 254900IOKBBI6NWAPK83 | Long             | EC               | CORP              | CL        |    284260 | NS      | $618897.02    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritax Big Box REIT PLC                        | Tritax Big Box REIT PLC                        | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               |  | GB        |    440980 | NS      | $873767.20    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties Inc                            | VICI Properties Inc                            | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    218802 | NS      | $6938211.42   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | Simon Property Group Inc                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     42271 | NS      | $6893131.97   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                   | Klepierre SA                                   | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |     38928 | NS      | $1523936.42   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Construtora Tenda S/A                          | Construtora Tenda S/A                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    122723 | NS      | $495440.87    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                           | LXP Industrial Trust                           | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |    155445 | NS      | $1333718.10   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hysan Development Co Ltd                       | Hysan Development Co Ltd                       | CUSIP: 000000000<br>LEI: 5299007BABFLKIH9HL03 | Long             | EC               | CORP              | HK        |    348000 | NS      | $571782.58    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingenia Communities Group                      | Ingenia Communities Group                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    226070 | NS      | $833754.35    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Activia Properties Inc                         | Activia Properties Inc                         | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |       620 | NS      | $495083.51    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Co Ltd                                   | Hulic Co Ltd                                   | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |    356900 | NS      | $3613667.44   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA      | Multiplan Empreendimentos Imobiliarios SA      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    408976 | NS      | $1922069.22   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Industrial Trust                     | Mapletree Industrial Trust                     | CUSIP: 000000000<br>LEI: 549300R7WZFHXNKDJF41 | Long             | EC               |  | SG        |   1409000 | NS      | $2107495.84   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| EastGroup Properties Inc                       | EastGroup Properties Inc                       | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     32834 | NS      | $5567004.70   | 1.98%             |  |  |  | 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        |    208865 | NS      | $1587395.31   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Reit Inc                         | Sekisui House Reit Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      7317 | NS      | $3919036.18   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc                       | Digital Realty Trust Inc                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     37164 | NS      | $6374369.28   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                            | STAG Industrial Inc                            | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |      5805 | NS      | $206541.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                         | Warehouses De Pauw CVA                         | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |    104923 | NS      | $2559724.46   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Mah Sing Group Bhd                             | Mah Sing Group Bhd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   5962500 | NS      | $1426728.97   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON REIT Investment Corp                    | NIPPON REIT Investment Corp                    | CUSIP: 000000000<br>LEI: 3538004O49OJ90PEXX85 | Long             | EC               |  | JP        |      5990 | NS      | $3603126.90   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd                          | CK Asset Holdings Ltd                          | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |     91000 | NS      | $375897.57    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Eco World Development Group Bhd                | Eco World Development Group Bhd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   3584400 | NS      | $1598718.19   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicinity Ltd                                   | Vicinity Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   3764649 | NS      | $5979039.64   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SL Green Realty Corp                           | SL Green Realty Corp                           | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |     25258 | NS      | $1433896.66   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandox AB                                      | Pandox AB                                      | CUSIP: 000000000<br>LEI: 549300K4HA8EBLSL3B97 | Long             | EC               | CORP              | SE        |    118446 | NS      | $1986671.13   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                    | Equinix Inc                                    | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     17923 | NS      | $15930320.86  | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                      | Healthpeak Properties Inc                      | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     30447 | NS      | $530082.27    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                | Equity LifeStyle Properties Inc                | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     52544 | NS      | $3340222.08   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc                          | CTO Realty Growth Inc                          | CUSIP: 22948Q101<br>LEI: 549300ZJHMRPKE71JO81 | Long             | EC               |  | US        |    100730 | NS      | $1855446.60   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Land Ltd                       | China Resources Land Ltd                       | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | KY        |    786000 | NS      | $2546054.29   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Montea NV                                      | Montea NV                                      | CUSIP: 000000000<br>LEI: 5493006K5LQDD0GK1T60 | Long             | EC               |  | BE        |     37757 | NS      | $2789804.10   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** SCHWAB INVESTMENTS

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO