0001104659-22-103380.txt : 20220928 0001104659-22-103380.hdr.sgml : 20220928 20220927174446 ACCESSION NUMBER: 0001104659-22-103380 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220928 DATE AS OF CHANGE: 20220927 EFFECTIVENESS DATE: 20220928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWAB CAPITAL TRUST CENTRAL INDEX KEY: 0000904333 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-62470 FILM NUMBER: 221272298 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHARLES SCHWAB FAMILY OF FUNDS CENTRAL INDEX KEY: 0000857156 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-31894 FILM NUMBER: 221272302 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 FORMER COMPANY: FORMER CONFORMED NAME: SCHWAB CHARLES FAMILY OF FUNDS DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWAB STRATEGIC TRUST CENTRAL INDEX KEY: 0001454889 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-160595 FILM NUMBER: 221272300 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 FORMER COMPANY: FORMER CONFORMED NAME: Schwab Strategic Trust DATE OF NAME CHANGE: 20090127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWAB ANNUITY PORTFOLIOS CENTRAL INDEX KEY: 0000918266 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-74534 FILM NUMBER: 221272301 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LAUDUS TRUST CENTRAL INDEX KEY: 0000832545 IRS NUMBER: 680163788 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-21677 FILM NUMBER: 221272299 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 FORMER COMPANY: FORMER CONFORMED NAME: BARR ROSENBERG SERIES TRUST DATE OF NAME CHANGE: 19961003 FORMER COMPANY: FORMER CONFORMED NAME: ROSENBERG SERIES TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ROSENBERG SMALL CAPITALIZATION FUND DATE OF NAME CHANGE: 19881030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWAB INVESTMENTS CENTRAL INDEX KEY: 0000869365 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-37459 FILM NUMBER: 221272303 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 0000832545 S000025589 Schwab Select Large Cap Growth Fund C000076665 Schwab Select Large Cap Growth Fund LGILX 0000857156 S000004500 Schwab AMT Tax-Free Money Fund C000039063 Investor Shares SWWXX C000219263 Ultra Shares SCTXX 0000857156 S000004506 Schwab Government Money Fund C000012381 Sweep Shares SWGXX C000151955 Investor Shares SNVXX C000222229 Ultra Shares SGUXX 0000857156 S000004507 Schwab U.S. Treasury Money Fund C000198373 Investor Shares SNSXX C000222230 Ultra Shares SUTXX 0000857156 S000004508 Schwab Value Advantage Money Fund C000012383 Investor Shares SWVXX C000038267 Ultra Shares SNAXX 0000857156 S000004511 Schwab Municipal Money Fund C000012389 Investor Shares SWTXX C000012391 Ultra Shares SWOXX 0000857156 S000004512 Schwab California Municipal Money Fund C000012393 Investor Shares SWKXX C000219264 Ultra Shares SCAXX 0000857156 S000004513 Schwab New York Municipal Money Fund C000012395 Investor Shares SWYXX C000219265 Ultra Shares SNYXX 0000857156 S000036659 Schwab Treasury Obligations Money Fund C000112046 Investor Shares SNOXX C000222231 Ultra Shares SCOXX 0000857156 S000052458 Schwab Variable Share Price Money Fund C000164902 Ultra Shares SVUXX 0000857156 S000053802 Schwab Retirement Government Money Fund C000169257 Schwab Retirement Government Money Fund SNRXX 0000869365 S000006807 Schwab 1000 Index Fund C000018433 Schwab 1000 Index Fund SNXFX 0000869365 S000006815 Schwab Tax-Free Bond Fund C000018447 Schwab Tax-Free Bond Fund SWNTX 0000869365 S000006818 Schwab California Tax-Free Bond Fund C000018451 Schwab California Tax-Free Bond Fund SWCAX 0000869365 S000006819 Schwab Treasury Inflation Protected Securities Index Fund C000018453 Schwab Treasury Inflation Protected Securities Index Fund SWRSX 0000869365 S000015878 Schwab Global Real Estate Fund C000043612 Schwab Global Real Estate Fund SWASX 0000869365 S000056207 Schwab U.S. Aggregate Bond Index Fund C000176960 Schwab U.S. Aggregate Bond Index Fund SWAGX 0000869365 S000056208 Schwab Short-Term Bond Index Fund C000176961 Schwab Short-Term Bond Index Fund SWSBX 0000869365 S000068892 Schwab Opportunistic Municipal Bond Fund C000220131 Schwab Opportunistic Municipal Bond Fund SWHYX 0000904333 S000005513 Schwab Large-Cap Growth Fund C000015012 Schwab Large-Cap Growth Fund SWLSX 0000904333 S000005514 Schwab Core Equity Fund C000015013 Schwab Core Equity Fund SWANX 0000904333 S000005515 Schwab Dividend Equity Fund C000015015 Schwab Dividend Equity Fund SWDSX 0000904333 S000005516 Schwab Small-Cap Equity Fund C000015017 Schwab Small-Cap Equity Fund SWSCX 0000904333 S000005519 Schwab Health Care Fund C000015021 Schwab Health Care Fund SWHFX 0000904333 S000005521 Schwab Target 2010 Fund C000015023 Schwab Target 2010 Fund SWBRX 0000904333 S000005522 Schwab Target 2020 Fund C000015024 Schwab Target 2020 Fund SWCRX 0000904333 S000005523 Schwab Target 2030 Fund C000015025 Schwab Target 2030 Fund SWDRX 0000904333 S000005524 Schwab Target 2040 Fund C000015026 Schwab Target 2040 Fund SWERX 0000904333 S000005911 Schwab S&P 500 Index Fund C000016166 Schwab S&P 500 Index Fund SWPPX 0000904333 S000005912 Schwab Small-Cap Index Fund C000016169 Schwab Small-Cap Index Fund SWSSX 0000904333 S000005913 Schwab Total Stock Market Index Fund C000016171 Schwab Total Stock Market Index Fund SWTSX 0000904333 S000005914 Schwab International Index Fund C000016173 Schwab International Index Fund SWISX 0000904333 S000005916 Schwab MarketTrack All Equity Portfolio C000016175 Schwab MarketTrack All Equity Portfolio SWEGX 0000904333 S000005917 Schwab MarketTrack Growth Portfolio C000016177 Schwab MarketTrack Growth Portfolio SWHGX 0000904333 S000005918 Schwab MarketTrack Balanced Portfolio C000016178 Schwab MarketTrack Balanced Portfolio SWBGX 0000904333 S000005919 Schwab MarketTrack Conservative Portfolio C000016180 Schwab MarketTrack Conservative Portfolio SWCGX 0000904333 S000006549 Schwab Balanced Fund C000017885 Schwab Balanced Fund SWOBX 0000904333 S000006551 Schwab International Opportunities Fund C000017890 Schwab International Opportunities Fund SWMIX 0000904333 S000016766 Schwab Fundamental US Large Company Index Fund C000046821 Schwab Fundamental US Large Company Index Fund SFLNX 0000904333 S000016767 Schwab Fundamental US Small Company Index Fund C000046824 Schwab Fundamental US Small Company Index Fund SFSNX 0000904333 S000016768 Schwab Fundamental International Large Company Index Fund C000046827 Schwab Fundamental International Large Company Index Fund SFNNX 0000904333 S000019900 Schwab Fundamental Emerging Markets Large Company Index Fund C000055852 Schwab Fundamental Emerging Markets Large Company Index Fund SFENX 0000904333 S000019901 Schwab Fundamental International Small Company Index Fund C000055855 Schwab Fundamental International Small Company Index Fund SFILX 0000904333 S000020935 Schwab Target 2015 Fund C000059131 Schwab Target 2015 Fund SWGRX 0000904333 S000020936 Schwab Target 2025 Fund C000059132 Schwab Target 2025 Fund SWHRX 0000904333 S000020937 Schwab Target 2035 Fund C000059133 Schwab Target 2035 Fund SWIRX 0000904333 S000021072 Schwab Monthly Income Fund - Target Payout C000059932 Schwab Monthly Income Fund - Target Payout SWJRX 0000904333 S000021073 Schwab Monthly Income Fund - Flexible Payout C000059933 Schwab Monthly Income Fund - Flexible Payout SWKRX 0000904333 S000021074 Schwab Monthly Income Fund - Income Payout C000059934 Schwab Monthly Income Fund - Income Payout SWLRX 0000904333 S000022039 Schwab International Core Equity Fund C000063316 Schwab International Core Equity Fund SICNX 0000904333 S000039605 Schwab Target 2045 Fund C000122183 Schwab Target 2045 Fund SWMRX 0000904333 S000039606 Schwab Target 2050 Fund C000122184 Schwab Target 2050 Fund SWNRX 0000904333 S000039607 Schwab Target 2055 Fund C000122185 Schwab Target 2055 Fund SWORX 0000904333 S000046499 Schwab Fundamental Global Real Estate Index Fund C000145193 Schwab Fundamental Global Real Estate Index Fund SFREX 0000904333 S000054918 Schwab Target 2060 Fund C000172771 Schwab Target 2060 Fund SWPRX 0000904333 S000054919 Schwab Target 2050 Index Fund C000172773 Schwab Target 2050 Index Fund SWYMX 0000904333 S000054920 Schwab Target 2055 Index Fund C000172775 Schwab Target 2055 Index Fund SWYJX 0000904333 S000054921 Schwab Target 2060 Index Fund C000172777 Schwab Target 2060 Index Fund SWYNX 0000904333 S000054922 Schwab Target 2010 Index Fund C000172779 Schwab Target 2010 Index Fund SWYAX 0000904333 S000054923 Schwab Target 2015 Index Fund C000172781 Schwab Target 2015 Index Fund SWYBX 0000904333 S000054924 Schwab Target 2020 Index Fund C000172783 Schwab Target 2020 Index Fund SWYLX 0000904333 S000054925 Schwab Target 2025 Index Fund C000172785 Schwab Target 2025 Index Fund SWYDX 0000904333 S000054926 Schwab Target 2030 Index Fund C000172787 Schwab Target 2030 Index Fund SWYEX 0000904333 S000054927 Schwab Target 2035 Index Fund C000172789 Schwab Target 2035 Index Fund SWYFX 0000904333 S000054928 Schwab Target 2040 Index Fund C000172791 Schwab Target 2040 Index Fund SWYGX 0000904333 S000054929 Schwab Target 2045 Index Fund C000172793 Schwab Target 2045 Index Fund SWYHX 0000904333 S000059731 Schwab U.S. Large-Cap Growth Index Fund C000195502 Schwab U.S. Large-Cap Growth Index Fund SWLGX 0000904333 S000059732 Schwab U.S. Large-Cap Value Index Fund C000195503 Schwab U.S. Large-Cap Value Index Fund SWLVX 0000904333 S000059733 Schwab U.S. Mid-Cap Index Fund C000195504 Schwab U.S. Mid-Cap Index Fund SWMCX 0000904333 S000071107 Schwab Target 2065 Fund C000225748 Schwab Target 2065 Fund SWQRX 0000904333 S000071108 Schwab Target 2065 Index Fund C000225749 Schwab Target 2065 Index Fund SWYOX 0000918266 S000006545 Schwab Government Money Market Portfolio C000017880 Schwab Government Money Market Portfolio SWPXX 0000918266 S000006547 Schwab S&P 500 Index Portfolio C000017882 Schwab S&P 500 Index Portfolio SWP1Z 0000918266 S000036326 Schwab VIT Balanced Portfolio C000111125 Schwab VIT Balanced Portfolio SWB1Z 0000918266 S000036327 Schwab VIT Balanced with Growth Portfolio C000111126 Schwab VIT Balanced with Growth Portfolio SWC1Z 0000918266 S000036328 Schwab VIT Growth Portfolio C000111127 Schwab VIT Growth Portfolio SWG1Z 0001454889 S000026631 Schwab U.S. Broad Market ETF C000079978 Schwab U.S. Broad Market ETF SCHB 0001454889 S000026632 Schwab U.S. Large-Cap ETF C000079979 Schwab U.S. Large-Cap ETF SCHX 0001454889 S000026633 Schwab U.S. Large-Cap Growth ETF C000079980 Schwab U.S. Large-Cap Growth ETF SCHG 0001454889 S000026634 Schwab U.S. Large-Cap Value ETF C000079981 Schwab U.S. Large-Cap Value ETF SCHV 0001454889 S000026635 Schwab U.S. Mid-Cap ETF C000079982 Schwab U.S. Mid-Cap ETF SCHM 0001454889 S000026636 Schwab U.S. Small-Cap ETF C000079983 Schwab U.S. Small-Cap ETF SCHA 0001454889 S000026637 Schwab International Equity ETF C000079984 Schwab International Equity ETF SCHF 0001454889 S000026638 Schwab International Small-Cap Equity ETF C000079985 Schwab International Small-Cap Equity ETF SCHC 0001454889 S000026639 Schwab Emerging Markets Equity ETF C000079986 Schwab Emerging Markets Equity ETF SCHE 0001454889 S000029407 Schwab U.S. TIPS ETF C000090317 Schwab U.S. TIPS ETF SCHP 0001454889 S000029408 Schwab Short-Term U.S. Treasury ETF C000090318 Schwab Short-Term U.S. Treasury ETF SCHO 0001454889 S000029409 Schwab Intermediate-Term U.S. Treasury ETF C000090319 Schwab Intermediate-Term U.S. Treasury ETF SCHR 0001454889 S000030518 Schwab U.S. REIT ETF C000094080 Schwab U.S. REIT ETF SCHH 0001454889 S000033156 Schwab U.S. Aggregate Bond ETF C000102078 Schwab U.S. Aggregate Bond ETF SCHZ 0001454889 S000034163 Schwab U.S. Dividend Equity ETF C000105320 Schwab U.S. Dividend Equity ETF SCHD 0001454889 S000040876 Schwab Fundamental U.S. Broad Market Index ETF C000126714 Schwab Fundamental U.S. Broad Market Index ETF FNDB 0001454889 S000040877 Schwab Fundamental U.S. Large Company Index ETF C000126715 Schwab Fundamental U.S. Large Company Index ETF FNDX 0001454889 S000040878 Schwab Fundamental U.S. Small Company Index ETF C000126716 Schwab Fundamental U.S. Small Company Index ETF FNDA 0001454889 S000040879 Schwab Fundamental International Large Company Index ETF C000126717 Schwab Fundamental International Large Company Index ETF FNDF 0001454889 S000040880 Schwab Fundamental International Small Company Index ETF C000126718 Schwab Fundamental International Small Company Index ETF FNDC 0001454889 S000040881 Schwab Fundamental Emerging Markets Large Company Index ETF C000126719 Schwab Fundamental Emerging Markets Large Company Index ETF FNDE 0001454889 S000059091 Schwab 1000 Index ETF C000193734 Schwab 1000 Index ETF SCHK 0001454889 S000066660 Schwab 1-5 Year Corporate Bond ETF C000214877 Schwab 1-5 Year Corporate Bond ETF SCHJ 0001454889 S000066661 Schwab 5-10 Year Corporate Bond ETF C000214878 Schwab 5-10 Year Corporate Bond ETF SCHI 0001454889 S000066662 Schwab Long-Term U.S. Treasury ETF C000214879 Schwab Long-Term U.S. Treasury ETF SCHQ 0001454889 S000071197 Schwab International Dividend Equity ETF C000225985 Schwab International Dividend Equity ETF SCHY 0001454889 S000072244 Schwab Ariel ESG ETF C000228159 Schwab Ariel ESG ETF SAEF 0001454889 S000076371 Schwab Crypto Thematic ETF C000236174 Schwab Crypto Thematic ETF STCE 497 1 tm2225912-1_497.htm 497 tm2225912-1_497 - none - 2.2968827s
​
 
THE CHARLES SCHWAB FAMILY OF FUNDS
SCHWAB ANNUITY PORTFOLIOS
SCHWAB CAPITAL TRUST
SCHWAB INVESTMENTS
SCHWAB STRATEGIC TRUST
LAUDUS TRUST
(all series, except Schwab Municipal Bond ETF)
Supplement dated September 28, 2022, to all currently effective Statements of Additional Information (each
an SAI and collectively, the SAIs) for each series of the aforementioned Trusts
​
This supplement provides new and additional information beyond that contained in the
SAIs and should be read in conjunction with the SAIs.
Effective September 30, 2022, Joseph R. Martinetto will depart from the Board of Trustees of the Trusts. Effective October 1, 2022, Michael J. Beer and Richard A. Wurster will join the Board of Trustees of the Trusts. As such, the following changes are made to each SAI.
1.
Board of Trustees Table:
​
a.
Under the “Management of the Funds” section in the “Independent Trustees” table: the following is added for Michael J. Beer.
​
​
Name, Year of Birth, And Position(s) with the Trust
(Term of Office and Length of Time Served)
​ ​
Principal Occupations
During the Past Five Years
​ ​
Number of Portfolios
in Fund Complex
Overseen by the
Trustee
​ ​
Other Directorships During
the Past Five Years
​
​
INDEPENDENT TRUSTEES
 ​
​ Michael J. Beer
1961
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) 		​ ​ Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). ​ ​
105
​ ​ Director (2016 – 2019), Principal Funds, Inc. ​
 
1
​
 
b.
Under the “Management of the Funds” section in the “Interested Trustees” table: the following is added for Richard A. Wurster.
​
​
Name, Year of Birth, And Position(s) with the Trust
(Term of Office and Length of Time Served)
​ ​
Principal Occupations
During the Past Five Years
​ ​
Number of Portfolios
in Fund Complex
Overseen by the
Trustee
​ ​
Other Directorships During
the Past Five Years
​
​
INTERESTED TRUSTEES
 ​
​ Richard A. Wurster(2)
1973
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) 		​ ​ President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – 
July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. 		​ ​
105
​ ​ None ​
​
c.
Under the “Management of the Funds” section under the “Officers” table: footnote 2 is revised as follows:
​
(2)
Mr. Bettinger and Mr. Wurster are Interested Trustees. Mr. Bettinger and Mr. Wurster are Interested Trustees because they own stock of CSC, the parent company of Schwab Asset Management, the investment adviser for the trusts in the Fund Complex, and are employees of Charles Schwab & Co., Inc., the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust.
​
d.
Under the “Management of the Funds” section: all references to Joseph R. Martinetto are hereby deleted in their entirety.
​
2.
Individual Trustee Qualifications:
​
Under the “Individual Trustee Qualifications” section: the entire section is deleted and replaced in its entirety with the following:
The Board has concluded that each of the trustees should initially and continue to serve on the Board because of  (i) his or her ability to review and understand information about the Trust provided to them by management, to identify and request other information they may deem relevant to the performance of their duties, to question management regarding material factors bearing on the management of the Trust, and to exercise their business judgment in a manner that serves the best interests of the Trust’s shareholders and (ii) the trustee’s experience, qualifications, attributes or skills as described below.
The Board has concluded that Mr. Beer should serve as trustee of the Trust because of the experience he gained serving as director, president and chief executive officer of Principal Funds and his knowledge and experience in the investment management industry.
The Board has concluded that Mr. Bettinger should serve as trustee of the Trust because of the experience he gained as president and chief executive officer of The Charles Schwab Corporation, his knowledge of and experience in the financial services industry, and the experience he has gained serving as trustee of the Schwab Funds since 2008, the Schwab ETFs since 2009, and the Laudus Trust since 2010.
The Board has concluded that Mr. Burns should serve as trustee of the Trust because of the experience he gained as managing director of Pacific Investment Management Company, LLC (PIMCO) and president of PIMCO Funds as well as the experience he has gained serving as trustee of the Schwab ETFs since 2009, and the Schwab Funds and Laudus Trust since 2016.
 
2
​
 
The Board has concluded that Ms. Heller should serve as trustee of the Trust because of the experience she gained as president of TIAA Charitable and as senior managing director at TIAA, the experience she has gained serving on other non-public company boards, her knowledge of and experience in the financial services industry, as well as the experience she has gained serving as trustee of the Schwab Funds and Schwab ETFs since 2018.
The Board has concluded that Mr. Mahoney should serve as trustee of the Trust because of the experience he gained serving as trustee of the Schwab Funds and Laudus Trust since 2011 and Schwab ETFs since 2016, as co-chief executive officer of McKesson Corporation, and his service on other public company boards.
The Board has concluded that Ms. Moncreiff should serve as trustee of the Trust because of the experience she gained as chief investment officer of CareGroup Healthcare System, the experience she has gained serving on other non-public company boards, her knowledge of and experience in the financial services industry, as well as the experience she has gained serving as trustee of the Schwab Funds and Schwab ETFs since 2019.
The Board has concluded that Mr. Patel should serve as trustee of the Trust because of the experience he gained serving as trustee of the Schwab Funds and Laudus Trust since 2011 and Schwab ETFs since 2016, as executive vice president, general manager and chief financial officer of Intuit, Inc., his service on other public company boards, and his experience serving as chair of the Schwab Funds’ and Schwab ETFs’ Audit, Compliance and Valuation Committee.
The Board has concluded that Ms. Patmore should serve as trustee of the Trust because of the experience she gained serving as chief financial officer and executive vice president of First Data Corporation, her knowledge of and experience in management consulting, as well as the experience she has gained serving as trustee of the Schwab Funds and Schwab ETFs since 2016.
The Board has concluded that Mr. Penn should serve as trustee of the Trust because of the experience he gained as head of equity sales and trading of BNY Mellon and his knowledge of and experience in the financial services industry, as well as the experience he has gained serving as trustee of the Schwab Funds and Schwab ETFs since 2021.
The Board has concluded that Mr. Wurster should serve as trustee of the Trust because of the experience he gained leading investment advisory firms and organizations, including Schwab Asset Management, and his knowledge of and experience in the investment management industry.
3.
Board of Trustees Committee Structures:
​
Under the “Trustee Committees” section: the first paragraph is revised to replace the third sentence with the following:
Effective October 1, 2022, this Committee is comprised of at least three independent trustees and currently has the following members: Kiran M. Patel (Chair), Michael J. Beer, Kimberly S. Patmore and J. Derek Penn.
 
3
​
 
4.
Securities Beneficially Owned by Each Trustee:
​
Under the “Securities Beneficially Owned by Each Trustee” section: the following is added for Michael J. Beer and Richard A. Wurster as of December 31, 2021.
Name of Trustee
​ ​
Dollar Range of Trustee Ownership of the Funds
​ ​
Aggregate Dollar Range
of Trustee Ownership in the Family
of Investment Companies
​
INDEPENDENT TRUSTEES
 ​
Michael J. Beer ​ ​
None
​ ​
None
​
INTERESTED TRUSTEES
 ​
Richard A. Wurster ​ ​ ​ ​ ​ ​ ​ ​
Over $100,000
​
​ ​ ​ Schwab Government Money Fund – Sweep Shares ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab 1000 Index Fund ​ ​
$50,001 – $100,000
 ​ ​ ​ ​
​ ​ ​
Schwab Fundamental Emerging Markets Large Company Index Fund
​ ​
$10,001 – $50,000
 ​ ​ ​ ​
​ ​ ​ Schwab Fundamental International Large Company Index Fund ​ ​
$10,001 – $50,000
 ​ ​ ​ ​
​ ​ ​ Schwab Fundamental International Small Company Index Fund ​ ​
$10,001 – $50,000
 ​ ​ ​ ​
​ ​ ​
Schwab Fundamental Emerging Markets Large Company Index ETF
​ ​
Over $100,000
 ​ ​ ​ ​
​ ​ ​ Schwab Fundamental International Large Company Index ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab Fundamental International Small Company Index ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab Fundamental U.S. Large Company Index ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab Fundamental U.S. Small Company Index ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab International Index Fund ​ ​
$10,001 – $50,000
 ​ ​ ​ ​
​ ​ ​ Schwab International Small-Cap Equity ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab Emerging Markets Equity ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab International Equity ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab U.S. Large-Cap ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab U.S. REIT ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab U.S. Small-Cap ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
​ ​ ​ Schwab U.S. TIPS ETF ​ ​
$1 – $10,000
 ​ ​ ​ ​
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
REG119043-00 (09/22)
00278336
 
4