SCHWAB INVESTMENTS
211 Main Street
San Francisco, CA 94105
May 18, 2020
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Investment Management
100 F Street, NE
Washington, D.C. 20549
Attn: Filing Desk
Re: Schwab Investments (the "Registrant") Request for Acceleration of Effective Date on behalf of Schwab High Yield Municipal Bond Fund for the Registration Statement on Form N-14 (File No. 333-237715)
Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended ("Securities Act"), the Registrant, on behalf of its series the Schwab High Yield Municipal Bond Fund, and Charles Schwab & Co., Inc. ("Distributor"), as distributor of its shares, hereby respectfully request acceleration of the effective date of the Registration Statement on Form N-14 (File No. 333-237715) so that such Registration Statement may be declared effective on May 18, 2020, or as soon as practicable thereafter. The Registrant and the Distributor are aware of their obligations under the Securities Act.
Sincerely,
/s/ Jonathan de St Paer
Jonathan de St Paer
President and Chief Investment Officer
Schwab Investments
/s/ John Sturiale
John Sturiale
Senior Vice President
Charles Schwab & Co., Inc.