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Schwab Investments
2026-02-28
Schwab Global Real Estate Fund
Schwab Global Real Estate Fund
SWASX
This annual shareholder report contains important information about the fund for the period of March 1, 2025, to February 28, 2026.
annual shareholder report
<div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">You can find additional information about the fund at </div><div style="color: rgb(36, 235, 255); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">www.schwabassetmanagement.com/prospectus</div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">. You can also request this </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">information by calling </div><div style="color: rgb(36, 235, 255); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1-866-414-6349</div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> or by sending an email request to </div><div style="color: rgb(36, 235, 255); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">orders@mysummaryprospectus.com</div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">.</div>
www.schwabassetmanagement.com/prospectus
1-866-414-6349
orders@mysummaryprospectus.com
<div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">FUND COSTS FOR THE LAST year ENDED February 28, 2026 </div></div><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; font-style: normal; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="line-height:0.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt">
<table cellpadding="0" cellspacing="0" style="text-align:start; empty-cells:show;width:522pt">
<tr style="height:31pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right: 3pt; text-align: left; white-space: nowrap; font-size: 9pt;"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:98.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">COSTS OF A</div></div><div style="margin-left:1pt;margin-right:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,000 INVESTMENT</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Bottom;width:95.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">COSTS PAID AS A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">PERCENTAGE OF A</div></div><div style="margin-left:5.5pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$10,000 INVESTMENT</div></div></div></td></tr>
<tr style="height:12.5pt">
<td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;width:327.17pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Schwab Global Real Estate Fund</div></div></div></td>
<td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:98.91pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:16.98pt"><div style="display:flex;white-space:nowrap;width:16.98pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; width: 16.98pt; letter-spacing: 0px; top: 0px;display:inline;">$80</div></div></div></div></td>
<td style="padding-bottom:3pt;padding-top:1.5pt;vertical-align:Bottom;white-space:nowrap;width:95.91pt"><div style="line-height:10.5pt;margin-left:7.5pt;text-align:right;width:88.41pt"><div style="display:flex;margin:auto;width:27.11pt"><div style="display:flex;white-space:nowrap;width:27.11pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 9pt; width: 27.11pt; letter-spacing: 0px; top: 0px;display:inline;">0.72%</div></div></div></div></td></tr></table></div>
80
0.0072
<div style="line-height:11.0pt;margin-top:0pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE</div></div></div></div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">For the 12-month reporting period ended February 28, 2026, the fund returned 20.89%. The MSCI ACWI Index (Net)</div><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 6.5pt; position: relative; top: -4.25pt; letter-spacing: 0px;display:inline;">1</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">, which serves </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">as the fund’s regulatory index and provides a broad measure of market performance, returned 24.19%. The FTSE EPRA Nareit </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Global Index (Net)</div><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 6.5pt; position: relative; top: -4.25pt; letter-spacing: 0px;display:inline;">1</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> which returned 17.83%, is the fund’s additional index, and is more representative of the fund’s investment </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">universe than the regulatory index.</div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">■</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; line-height: 11pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Real estate stocks underperformed the broader market</div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">■</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; line-height: 11pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">As of the end of the reporting period, the fund held securities in 20 countries</div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">■</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; line-height: 11pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Top contributors to total return:</div></div></div><div style="line-height:11.0pt;margin-left:10.4pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">● </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Securities from the United States, including Welltower, Inc.</div></div></div><div style="line-height:11.0pt;margin-left:10.4pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">● </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Japanese securities</div></div></div><div style="line-height:11.0pt;margin-left:9.59pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 8pt; margin-left: -9.59pt; letter-spacing: 0px; top: 0px;display:inline;">■</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; line-height: 11pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Over the reporting period, no markets detracted from the return of the fund. However, the smallest contributors to total return </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">were:</div></div></div><div style="line-height:11.0pt;margin-left:10.4pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">● </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Indonesian securities, including Pakuwon Jati Tbk. PT</div></div></div><div style="line-height:11.0pt;margin-left:10.4pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">● </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Chinese securities</div></div></div><div style="line-height:11.0pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">■</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; line-height: 11pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">From an individual security perspective:</div></div></div><div style="line-height:11.0pt;margin-left:10.4pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">● </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Welltower, Inc. was the largest contributor to total return</div></div></div><div style="line-height:11.0pt;margin-left:10.4pt;margin-top:6.00pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">● </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Essex Property Trust, Inc. was the largest detractor from total return</div></div></div><div style="line-height:9.0pt;margin-top:118.50pt;text-align:left"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Portfolio holdings may have changed since the report date.</div></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">1</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div>
The performance data quoted represents past performance. Past performance does not guarantee future results.
<div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">To obtain performance information current to the most </div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">recent month end, please visit </div></div><div style="color: rgb(36, 235, 255); font-family: "Arial Narrow"; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">www.schwabassetmanagement.com/prospectus</div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">.</div></div>
<div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Performance of Hypothetical $10,000 Investment (February 29, 2016 - February 28, 2026)</div></div><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 5.5pt; position: relative; text-transform: uppercase; top: -3.75pt; letter-spacing: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1,2,3</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;">
<img alt=" " src="g24220g2lg_2mbc.jpg" style="height:159pt;width:520pt"/><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="line-height:9.0pt;margin-top:273.00pt;text-align:left"><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.</div></div></div><div style="line-height:9.0pt;margin-top:3.00pt;text-align:left"><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">For index definitions, please see www.schwabassetmanagement.com/glossary.</div></div></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">1</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the fund’s returns may have been lower. </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div><div><div style="clear:both;margin-top:0.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">2</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The fund’s performance relative to the index may be affected by fair-value pricing and timing differences in foreign exchange calculations.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div><div><div style="clear:both;margin-top:0.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">3</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div><div><div style="clear:both;margin-top:0.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">4</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The MSCI ACWI Index (Net) serves as the fund’s regualtory index and provides a broad measure of market performance. The FTSE EPRA Nareit Global Index (Net) is the </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">fund’s additional index and is more representative of the fund’s investment universe than the regulatory index.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div>
<div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.38%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average Annual Total Returns</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div><div style="line-height:0.0pt;margin-top:0.00pt;text-align:left"> </div><div style="margin-top:0.0pt">
<table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:522pt">
<tr style="height:13.25pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;width:382.91pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Fund and Inception Date</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;width:40.52pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:1pt;margin-right:10pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">1 Year</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;width:53.01pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:10pt;margin-right:10pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">5 Years</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;width:45.56pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:10pt;text-align:Center;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">10 Years</div></div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;width:382.91pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Fund: Schwab Global Real Estate Fund (05/31/2007)</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5.5pt; margin-left: 0pt; position: relative; top: -3.75pt; letter-spacing: 0px;display:inline;">1,2</div> <div style="clear:right"> </div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:40.52pt"><div style="line-height:11.5pt;margin-left:3pt;margin-right:12pt;text-align:right;width:25.52pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">20.89%</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:53.01pt"><div style="line-height:11.5pt;margin-left:12pt;margin-right:12pt;text-align:right;width:29.01pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">4.53%</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:45.56pt"><div style="line-height:11.5pt;margin-left:12pt;text-align:right;width:33.56pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">5.23%</div></div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;width:382.91pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">MSCI ACWI Index (Net)</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5.5pt; margin-left: 0pt; position: relative; top: -3.75pt; letter-spacing: 0px;display:inline;">3,4</div> <div style="clear:right"> </div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:40.52pt"><div style="line-height:11.5pt;margin-left:3pt;margin-right:12pt;text-align:right;width:25.52pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">24.19%</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:53.01pt"><div style="line-height:11.5pt;margin-left:12pt;margin-right:12pt;text-align:right;width:29.01pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">11.72%</div></div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:45.56pt"><div style="line-height:11.5pt;margin-left:12pt;text-align:right;width:33.56pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">12.97%</div></div></div></div></td></tr>
<tr style="height:11.75pt">
<td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Bottom;width:382.91pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">FTSE EPRA Nareit Global Index (Net)</div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5.5pt; margin-left: 0pt; position: relative; top: -3.75pt; letter-spacing: 0px;display:inline;">3</div> <div style="clear:right"> </div></div></div></td>
<td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:40.52pt"><div style="line-height:10.5pt;margin-left:3pt;margin-right:12pt;text-align:right;width:25.52pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">17.83%</div></div></div></div></td>
<td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:53.01pt"><div style="line-height:10.5pt;margin-left:12pt;margin-right:12pt;text-align:right;width:29.01pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">3.69%</div></div></div></div></td>
<td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Bottom;white-space:nowrap;width:45.56pt"><div style="line-height:10.5pt;margin-left:12pt;text-align:right;width:33.56pt"><div style="display:flex;margin:auto;width:27.52pt"><div style="display:flex;white-space:nowrap;width:27.52pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; width: 27.52pt; letter-spacing: 0px; top: 0px;display:inline;">4.66%</div></div></div></div></td></tr></table></div><div style="line-height:9.0pt;margin-top:273.00pt;text-align:left"><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.</div></div></div><div style="line-height:9.0pt;margin-top:3.00pt;text-align:left"><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">For index definitions, please see www.schwabassetmanagement.com/glossary.</div></div></div><div><div style="clear:both;margin-top:3.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">1</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the fund’s returns may have been lower. </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div><div><div style="clear:both;margin-top:0.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">2</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The fund’s performance relative to the index may be affected by fair-value pricing and timing differences in foreign exchange calculations.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div><div><div style="clear:both;margin-top:0.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">3</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div><div><div style="clear:both;margin-top:0.00pt;position:relative;width:100%"><div style="float:left;line-height:6pt;text-align:left;width:2.88pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 5pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">4</div></div><div style="float:left;line-height:9.0pt;margin-left:4.12pt;text-align:left;width:510.00pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The MSCI ACWI Index (Net) serves as the fund’s regualtory index and provides a broad measure of market performance. The FTSE EPRA Nareit Global Index (Net) is the </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">fund’s additional index and is more representative of the fund’s investment universe than the regulatory index.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"> </div></div>
Schwab Global Real Estate Fund
2007-05-31
0.2089
0.0453
0.0523
MSCI ACWI Index (Net)
0.2419
0.1172
0.1297
FTSE EPRA Nareit Global Index (Net)
0.1783
0.0369
0.0466
Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.
<div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Statistics</div></div></div></div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 1pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #385768;empty-cells:show;width:255pt">
<tr style="height:13.25pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Net Assets (millions)</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$302</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Number of Holdings</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">101</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Portfolio Turnover Rate</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">85%</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Advisory Fees Paid by the Fund</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$1,422,976</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Weighted Average Market Cap (millions)</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$33,320</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Price/Earnings Ratio (P/E)</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">16.8</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Price/Book Ratio (P/B)</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">1.5</div></div></div></td></tr>
<tr style="height:13.5pt">
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Qualified Dividend Income</div></div></div></td>
<td style="border-bottom:0.5pt solid #385768;padding-bottom:2.0pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:11.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$2,279,875</div></div></div></td></tr>
<tr style="height:11.75pt">
<td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:213.64pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-right:3pt;text-align:Left;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Qualified Business Income Deduction (199A)</div></div></div></td>
<td style="padding-bottom:1.5pt;padding-top:2.0pt;vertical-align:Top;width:41.36pt"><div style="line-height:10.5pt;text-align:left"><div style="margin-left:3pt;text-align:Right;white-space:nowrap"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$6,354,185</div></div></div></td></tr></table>
302000000
101
0.85
1422976
<div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Industry Weightings % <div style="letter-spacing: 0px; top: 0px;display:inline;">of </div>Investments</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;">
<img alt=" " src="g24220g2imgb400c5e02.jpg" style="height:234pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="margin-block: 0em;"> <br/></div><div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings % of Net Assets</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;">
<img alt=" " src="g24220g2imgab8c96243.jpg" style="height:190pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="margin-block: 0em;"> </div><div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Country Weightings % of Investments</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;">
<img alt=" " src="g24220g2imgc2bfe0684.jpg" style="height:135pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="margin-block: 0em;"> </div><div style="line-height:9.0pt;margin-top:136.5pt;text-align:left"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Portfolio holdings may have changed since the report date.</div></div><div style="line-height:9.0pt;margin-top:3.0pt;text-align:left"><div style="margin-top:3pt"><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The Sector/Industry classifications in this report use the Global Industry Classification Standard (GICS) which was developed by and is the exclusive property of MSCI Inc. </div><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">(MSCI) and Standard & Poor’s (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Charles Schwab & Co., Inc.</div></div></div>
<div style="line-height:11.0pt;margin-top:5pt;text-align:left"><div style="margin-top:0.01pt"><div style="background-color:#385768;margin-left:0%"><div style="margin-left:0.78%"><div style="color: rgb(255, 255, 255); font-family: "Arial Narrow"; font-size: 9pt; text-transform: uppercase; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Top Holdings % of Net Assets</div></div></div></div></div></div><div style="margin-top: 6pt; text-align: left; background: none;">
<img alt=" " src="g24220g2imgab8c96243.jpg" style="height:190pt;width:253pt"/><div style="color: rgb(56, 87, 104); font-family: "Arial Narrow"; font-size: 9pt; line-height: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="margin-block: 0em;"> </div>Portfolio holdings may have changed since the report date.
Fund expenses may have been partially absorbed by the investment adviser and its affiliates. Without these reductions, the fund’s returns may have been lower. Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.
The fund’s performance relative to the index may be affected by fair-value pricing and timing differences in foreign exchange calculations.
The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.
The MSCI ACWI Index (Net) serves as the fund’s regualtory index and provides a broad measure of market performance. The FTSE EPRA Nareit Global Index (Net) is the fund’s additional index and is more representative of the fund’s investment universe than the regulatory index.