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        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Schwab Short-Term Bond Index Fund</mgmtInvFundName>
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          <indexFundInfo fundType="Index Fund">
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            <indexFundReturnDiffAfterExpense>-0.15000000</indexFundReturnDiffAfterExpense>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
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        <securityLendings>
          <securityLending>
            <securitiesAgentName>Goldman Sachs Bank USA</securitiesAgentName>
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                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
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              <didIndemnificationRights>N</didIndemnificationRights>
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          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
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          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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          <investmentAdviser>
            <investmentAdviserName>Charles Schwab Investment Management, Inc.</investmentAdviserName>
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          <transferAgent>
            <transferAgentName>BNY Mellon Investment Servicing (US) Inc.</transferAgentName>
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        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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          <pricingService>
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    <signature registrantSignedName="SCHWAB INVESTMENTS" signedDate="2021-11-09" signature="Derek DeBenedictis" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
