Schwab Capital TrustSchwab International Opportunities Fund
Portfolio Holdings as of January 31, 2024 (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 93.8% OF NET ASSETS | ||
Australia 3.6% | ||
AGL Energy Ltd. | 14,149 | 79,913 |
ALS Ltd. | 7,059 | 57,997 |
Altium Ltd. | 82,792 | 2,659,760 |
Alumina Ltd. * | 54,255 | 40,817 |
Amcor PLC | 26,375 | 250,236 |
BHP Group Ltd. | 83,584 | 2,557,170 |
BlueScope Steel Ltd. | 9,036 | 137,964 |
Boral Ltd. * | 6,053 | 20,861 |
Brambles Ltd. | 67,037 | 639,182 |
CAR Group Ltd. | 139,968 | 3,005,296 |
Charter Hall Group | 9,814 | 76,546 |
Cleanaway Waste Management Ltd. | 33,947 | 57,470 |
Cochlear Ltd. | 1,752 | 347,682 |
Coles Group Ltd. | 27,156 | 281,808 |
Computershare Ltd. | 33,828 | 560,302 |
CSR Ltd. | 11,803 | 53,149 |
Deterra Royalties Ltd. | 11,613 | 41,824 |
Downer EDI Ltd. | 13,233 | 36,039 |
Flight Centre Travel Group Ltd. | 2,700 | 37,303 |
Fortescue Ltd. | 40,733 | 787,236 |
Goodman Group | 54,592 | 906,182 |
Harvey Norman Holdings Ltd. | 10,475 | 30,103 |
IDP Education Ltd. | 5,650 | 72,353 |
IGO Ltd. | 15,709 | 76,365 |
Iluka Resources Ltd. | 11,773 | 54,987 |
Incitec Pivot Ltd. | 32,434 | 56,642 |
Insurance Australia Group Ltd. | 78,178 | 306,882 |
James Hardie Industries PLC * | 10,319 | 387,689 |
JB Hi-Fi Ltd. | 2,973 | 110,603 |
Lottery Corp. Ltd. | 38,673 | 126,940 |
Lovisa Holdings Ltd. | 74,504 | 1,108,432 |
Magellan Financial Group Ltd. | 8,083 | 47,378 |
Medibank Pvt Ltd. | 168,852 | 422,745 |
Metcash Ltd. | 18,646 | 44,231 |
New Hope Corp. Ltd. | 14,746 | 51,576 |
NEXTDC Ltd. * | 315,938 | 2,860,237 |
Northern Star Resources Ltd. | 468,536 | 4,019,011 |
Origin Energy Ltd. | 35,151 | 196,185 |
Orora Ltd. | 23,052 | 41,899 |
Paladin Energy Ltd. * | 1,621,122 | 1,358,225 |
Pilbara Minerals Ltd. | 81,635 | 185,937 |
Platinum Asset Management Ltd. | 29,880 | 22,887 |
Pro Medicus Ltd. | 27,246 | 1,794,939 |
Qantas Airways Ltd. * | 22,872 | 82,462 |
Qube Holdings Ltd. | 28,355 | 60,284 |
REA Group Ltd. | 1,462 | 174,368 |
Reece Ltd. | 4,685 | 69,012 |
Region RE Ltd. | 36,474 | 53,701 |
Rio Tinto Ltd. | 8,392 | 722,109 |
Santos Ltd. | 579,524 | 2,928,879 |
Seven Group Holdings Ltd. | 92,320 | 2,160,760 |
Star Entertainment Group Ltd. * | 30,008 | 10,889 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Steadfast Group Ltd. | 360,720 | 1,395,760 |
Tabcorp Holdings Ltd. | 34,380 | 17,861 |
Transurban Group | 47,586 | 418,054 |
Wesfarmers Ltd. | 30,241 | 1,144,832 |
Whitehaven Coal Ltd. | 19,502 | 106,612 |
Woolworths Group Ltd. | 24,524 | 575,945 |
Worley Ltd. | 7,327 | 70,365 |
Yancoal Australia Ltd. | 4,549 | 17,746 |
36,020,622 | ||
Austria 0.2% | ||
ANDRITZ AG | 1,549 | 95,360 |
Eurotelesites AG * | 745 | 3,100 |
Kontron AG | 45,288 | 1,050,249 |
OMV AG | 4,003 | 178,179 |
Telekom Austria AG | 2,982 | 25,974 |
Verbund AG | 1,843 | 149,870 |
voestalpine AG | 2,237 | 66,555 |
1,569,287 | ||
Belgium 0.3% | ||
Anheuser-Busch InBev SA | 43,200 | 2,672,248 |
Elia Group SA | 635 | 76,457 |
Lotus Bakeries NV | 8 | 68,214 |
Solvay SA | 1,551 | 42,418 |
Syensqo SA * | 1,551 | 138,267 |
Warehouses De Pauw CVA | 2,812 | 82,271 |
3,079,875 | ||
Brazil 1.8% | ||
Direcional Engenharia SA | 287,700 | 1,265,336 |
JBS SA | 182,322 | 862,224 |
MercadoLibre, Inc. * | 6,255 | 10,707,372 |
TOTVS SA | 276,600 | 1,759,735 |
Vivara Participacoes SA | 263,200 | 1,795,608 |
YDUQS Participacoes SA | 297,800 | 1,158,886 |
17,549,161 | ||
Canada 6.4% | ||
Alamos Gold, Inc., Class A | 179,335 | 2,171,575 |
Alimentation Couche-Tard, Inc. | 20,779 | 1,217,576 |
Aritzia, Inc. * | 22,392 | 544,789 |
ATS Corp. * | 51,872 | 2,218,869 |
BCE, Inc. | 6,234 | 251,549 |
Boyd Group Services, Inc. | 10,551 | 2,267,863 |
Brookfield Asset Management Ltd., Class A | 16,241 | 653,047 |
Brookfield Infrastructure Corp., Class A | 61,287 | 2,145,658 |
Cameco Corp. | 56,544 | 2,699,976 |
Canadian National Railway Co. | 15,230 | 1,889,292 |
Canadian Natural Resources Ltd. | 27,565 | 1,764,062 |
Canadian Pacific Kansas City Ltd. | 15,027 | 1,209,246 |
Capstone Copper Corp. * | 296,900 | 1,461,920 |
1
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Cargojet, Inc. | 16,635 | 1,487,616 |
Celestica, Inc. * | 49,567 | 1,703,122 |
Cenovus Energy, Inc. | 36,768 | 595,639 |
CGI, Inc. * | 3,941 | 441,338 |
Constellation Software, Inc. | 284 | 784,934 |
Descartes Systems Group, Inc. * | 14,453 | 1,265,504 |
Dollarama, Inc. | 6,059 | 444,674 |
Energy Fuels, Inc. * | 143,400 | 1,082,670 |
ERO Copper Corp. * | 146,659 | 2,296,234 |
Finning International, Inc. | 85,961 | 2,487,815 |
FirstService Corp. | 8,963 | 1,502,468 |
Franco-Nevada Corp. | 2,803 | 303,265 |
Hydro One Ltd. | 4,592 | 136,279 |
IGM Financial, Inc. | 2,650 | 71,688 |
Imperial Oil Ltd. | 4,940 | 284,947 |
Kinaxis, Inc. * | 4,253 | 517,908 |
Loblaw Cos. Ltd. | 2,619 | 261,715 |
Lundin Gold, Inc. | 191,465 | 2,258,645 |
Magna International, Inc. | 5,455 | 310,027 |
Metro, Inc. | 4,227 | 221,937 |
Nutrien Ltd. (a) | 9,564 | 476,902 |
Nutrien Ltd. (a) | 19,038 | 949,425 |
Nuvei Corp. | 76,887 | 1,867,585 |
Open Text Corp. | 84,651 | 3,691,538 |
Pan American Silver Corp. | 59,381 | 802,831 |
Primo Water Corp. | 233,937 | 3,410,801 |
Saputo, Inc. | 4,635 | 95,565 |
Shopify, Inc., Class A * | 21,439 | 1,716,621 |
Sigma Lithium Corp. * | 44,627 | 895,218 |
Stantec, Inc. | 47,671 | 3,830,487 |
Suncor Energy, Inc. | 33,301 | 1,102,726 |
TELUS Corp. | 7,480 | 133,972 |
Thomson Reuters Corp. | 7,121 | 1,057,252 |
Tourmaline Oil Corp. | 6,612 | 285,883 |
Vermilion Energy, Inc. | 71,336 | 767,575 |
Waste Connections, Inc. | 4,055 | 629,491 |
Wheaton Precious Metals Corp. | 7,576 | 355,062 |
Whitecap Resources, Inc. | 424,534 | 2,747,180 |
63,769,961 | ||
China 1.1% | ||
Alibaba Group Holding Ltd. | 377,440 | 3,385,249 |
Kanzhun Ltd., ADR | 89,655 | 1,247,101 |
Meituan, B Shares * | 205,890 | 1,656,019 |
NIO, Inc., ADR * | 85,562 | 480,858 |
PDD Holdings, Inc., ADR * | 11,787 | 1,495,417 |
Tencent Holdings Ltd. | 58,400 | 2,027,140 |
Tongcheng Travel Holdings Ltd. * | 603,200 | 1,230,440 |
11,522,224 | ||
Denmark 2.4% | ||
AP Moller - Maersk AS, Class A | 81 | 146,875 |
AP Moller - Maersk AS, Class B | 134 | 247,069 |
Carlsberg AS, Class B | 2,658 | 341,998 |
DSV AS | 19,833 | 3,548,316 |
Genmab AS * | 7,548 | 2,087,188 |
H Lundbeck AS | 5,437 | 27,538 |
NKT AS * | 28,583 | 1,992,919 |
Novo Nordisk AS, Class B | 128,972 | 14,742,065 |
Novozymes AS, Class B | 7,047 | 361,093 |
Orsted AS | 4,113 | 231,828 |
Pandora AS | 2,256 | 329,640 |
Rockwool AS, B Shares | 253 | 68,975 |
24,125,504 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Finland 0.5% | ||
Elisa OYJ | 3,358 | 152,995 |
Kesko OYJ, B Shares | 4,807 | 93,879 |
Kone OYJ, B Shares | 9,863 | 488,231 |
Metso OYJ | 10,398 | 103,924 |
Neste OYJ | 10,795 | 372,153 |
Nokia OYJ | 83,830 | 303,064 |
Orion OYJ, B Shares | 3,069 | 141,290 |
UPM-Kymmene OYJ | 87,326 | 3,176,241 |
4,831,777 | ||
France 9.8% | ||
Accor SA | 95,511 | 3,772,063 |
Aeroports de Paris SA | 491 | 65,701 |
Air Liquide SA | 9,523 | 1,782,070 |
Airbus SE | 10,493 | 1,671,386 |
Alten SA | 8,570 | 1,325,095 |
ArcelorMittal SA | 14,159 | 389,939 |
AXA SA | 77,143 | 2,589,329 |
BioMerieux | 981 | 105,583 |
BNP Paribas SA | 97,203 | 6,530,503 |
Bollore SE | 15,516 | 102,484 |
Bureau Veritas SA | 5,659 | 150,523 |
Capgemini SE | 17,065 | 3,793,915 |
Cie de Saint-Gobain SA | 9,805 | 693,277 |
Danone SA | 49,802 | 3,317,989 |
Dassault Aviation SA | 472 | 89,401 |
Edenred SE | 41,444 | 2,475,387 |
Eiffage SA | 32,674 | 3,418,686 |
Elis SA | 170,699 | 3,753,136 |
Engie SA | 34,382 | 549,165 |
EssilorLuxottica SA | 4,893 | 958,896 |
Eurofins Scientific SE | 49,127 | 2,958,269 |
Gaztransport Et Technigaz SA | 16,121 | 2,260,125 |
Hermes International SCA | 2,342 | 4,940,821 |
Ipsen SA | 960 | 110,687 |
JCDecaux SE * | 1,170 | 24,301 |
Kering SA | 24,737 | 10,161,301 |
La Francaise des Jeux SAEM | 2,602 | 105,468 |
Legrand SA | 4,109 | 398,226 |
L'Oreal SA | 9,490 | 4,541,478 |
LVMH Moet Hennessy Louis Vuitton SE | 5,911 | 4,918,298 |
Publicis Groupe SA | 23,442 | 2,348,737 |
Remy Cointreau SA | 410 | 41,543 |
Rexel SA | 5,329 | 141,929 |
Safran SA | 19,114 | 3,568,753 |
Sanofi SA | 68,098 | 6,819,711 |
Sartorius Stedim Biotech | 403 | 108,583 |
Schneider Electric SE | 12,631 | 2,481,360 |
SOITEC * | 4,136 | 597,772 |
STMicroelectronics NV | 16,652 | 731,148 |
Teleperformance SE | 1,102 | 172,104 |
Thales SA | 2,004 | 293,093 |
TotalEnergies SE | 90,856 | 5,894,336 |
Valeo SE | 176,479 | 2,303,501 |
Vinci SA | 8,710 | 1,100,267 |
VusionGroup * | 8,103 | 1,203,142 |
Worldline SA * | 179,600 | 2,427,920 |
98,187,401 | ||
Germany 8.4% | ||
adidas AG | 16,200 | 3,058,365 |
AIXTRON SE | 56,414 | 2,099,629 |
Allianz SE | 16,090 | 4,298,861 |
BASF SE | 15,951 | 762,521 |
Bayer AG | 178,223 | 5,545,696 |
2
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Bayerische Motoren Werke AG | 52,731 | 5,486,824 |
Beiersdorf AG | 2,622 | 383,703 |
BioNTech SE, ADR * | 10,848 | 1,030,994 |
Brenntag SE | 32,104 | 2,838,314 |
Carl Zeiss Meditec AG, Bearer Shares | 777 | 81,905 |
Continental AG | 67,827 | 5,540,831 |
Covestro AG * | 4,088 | 215,869 |
CTS Eventim AG & Co. KGaA | 25,231 | 1,707,562 |
Daimler Truck Holding AG | 120,631 | 4,311,009 |
Delivery Hero SE * | 89,541 | 2,031,621 |
Deutsche Lufthansa AG * | 13,548 | 112,657 |
Deutsche Post AG | 21,388 | 1,024,360 |
Duerr AG | 34,083 | 779,255 |
DWS Group GmbH & Co. KGaA | 1,221 | 49,933 |
E.ON SE | 181,396 | 2,454,157 |
Evonik Industries AG | 3,866 | 71,119 |
Fielmann Group AG | 464 | 24,143 |
Fresenius Medical Care AG | 141,200 | 5,457,324 |
Fresenius SE & Co. KGaA | 170,600 | 4,789,225 |
FUCHS SE | 1,104 | 39,146 |
GEA Group AG | 4,315 | 172,812 |
Gerresheimer AG | 21,683 | 2,210,559 |
Heidelberg Materials AG | 2,348 | 216,825 |
Hella GmbH & Co. KGaA | 433 | 38,418 |
HelloFresh SE * | 3,535 | 46,749 |
Henkel AG & Co. KGaA | 33,796 | 2,311,331 |
HOCHTIEF AG | 408 | 43,772 |
Hugo Boss AG | 31,976 | 1,997,048 |
KION Group AG | 73,810 | 3,367,575 |
Mercedes-Benz Group AG | 92,194 | 6,224,273 |
MTU Aero Engines AG | 1,083 | 249,014 |
Nemetschek SE | 1,479 | 136,473 |
Rational AG | 153 | 117,532 |
RTL Group SA | 1,131 | 43,465 |
SAP SE | 31,570 | 5,469,394 |
Scout24 SE | 19,823 | 1,459,573 |
Siemens AG | 18,900 | 3,383,551 |
thyssenkrupp AG | 239,500 | 1,478,119 |
Wacker Chemie AG | 316 | 34,261 |
Zalando SE * | 67,129 | 1,340,340 |
84,536,107 | ||
Greece 0.5% | ||
Jumbo SA | 75,418 | 2,119,110 |
National Bank of Greece SA * | 354,695 | 2,696,775 |
4,815,885 | ||
Guernsey 0.2% | ||
Burford Capital Ltd. | 153,784 | 2,312,911 |
Hong Kong 0.5% | ||
AAC Technologies Holdings, Inc. | 14,000 | 31,437 |
ASMPT Ltd. | 5,800 | 55,972 |
Budweiser Brewing Co. APAC Ltd. | 48,600 | 76,600 |
Cathay Pacific Airways Ltd. * | 15,000 | 15,284 |
Chow Tai Fook Jewellery Group Ltd. | 31,600 | 42,808 |
CK Asset Holdings Ltd. | 38,000 | 171,469 |
CK Infrastructure Holdings Ltd. | 11,000 | 65,327 |
CLP Holdings Ltd. | 32,500 | 258,487 |
ESR Group Ltd. | 63,000 | 80,531 |
First Pacific Co. Ltd. | 44,000 | 16,713 |
Hong Kong & China Gas Co. Ltd. | 221,000 | 157,270 |
Johnson Electric Holdings Ltd. | 9,500 | 12,458 |
Lenovo Group Ltd. | 128,000 | 134,025 |
Link REIT | 68,900 | 345,580 |
L'Occitane International SA | 10,250 | 32,646 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Man Wah Holdings Ltd. | 40,800 | 25,433 |
NagaCorp Ltd. * | 26,000 | 8,756 |
Nexteer Automotive Group Ltd. | 21,000 | 9,515 |
NWS Holdings Ltd. | 24,000 | 20,854 |
Orient Overseas International Ltd. | 4,000 | 59,713 |
Power Assets Holdings Ltd. | 38,500 | 225,425 |
PRADA SpA | 9,100 | 56,432 |
Samsonite International SA * | 611,400 | 1,706,863 |
Sino Land Co. Ltd. | 53,069 | 55,434 |
SITC International Holdings Co. Ltd. | 37,000 | 56,142 |
Sun Hung Kai Properties Ltd. | 22,500 | 210,001 |
Techtronic Industries Co. Ltd. | 22,500 | 238,975 |
United Energy Group Ltd. | 168,000 | 17,853 |
Vitasoy International Holdings Ltd. | 22,000 | 16,887 |
VTech Holdings Ltd. | 4,500 | 26,064 |
WH Group Ltd. | 1,496,650 | 883,015 |
Xinyi Glass Holdings Ltd. | 43,839 | 36,344 |
Yue Yuen Industrial Holdings Ltd. | 17,500 | 16,503 |
5,166,816 | ||
India 2.3% | ||
Axis Bank Ltd. | 103,532 | 1,331,143 |
Coforge Ltd. | 32,609 | 2,451,376 |
Finolex Cables Ltd. | 114,913 | 1,522,459 |
Honasa Consumer Ltd. * | 97,758 | 550,865 |
Kalyan Jewellers India Ltd. | 496,620 | 2,089,597 |
KEI Industries Ltd. | 67,249 | 2,591,444 |
Max Financial Services Ltd. * | 67,281 | 721,875 |
Max Healthcare Institute Ltd. | 475,075 | 4,467,687 |
Phoenix Mills Ltd. | 52,655 | 1,540,473 |
Prestige Estates Projects Ltd. | 135,371 | 2,060,245 |
PVR Inox Ltd. * | 51,609 | 903,194 |
Varun Beverages Ltd. | 147,421 | 2,274,186 |
WNS Holdings Ltd., ADR * | 5,911 | 409,928 |
22,914,472 | ||
Indonesia 0.2% | ||
Ace Hardware Indonesia Tbk. PT | 23,514,400 | 1,265,906 |
Bank Mandiri Persero Tbk. PT | 941,300 | 396,302 |
1,662,208 | ||
Ireland 0.8% | ||
Arcadium Lithium PLC * | 185,318 | 906,205 |
Bank of Ireland Group PLC | 175,629 | 1,615,081 |
Glanbia PLC | 110,125 | 1,968,460 |
Kerry Group PLC, Class A | 2,454 | 218,735 |
Kingspan Group PLC | 2,869 | 233,010 |
Ryanair Holdings PLC, ADR | 24,721 | 3,302,726 |
8,244,217 | ||
Israel 1.6% | ||
Airport City Ltd. * | 1,274 | 21,258 |
Amot Investments Ltd. | 4,605 | 23,925 |
Azrieli Group Ltd. | 715 | 48,179 |
Bank Hapoalim BM | 222,896 | 1,896,379 |
Bezeq The Israeli Telecommunication Corp. Ltd. | 55,141 | 72,938 |
Big Shopping Centers Ltd. * | 217 | 22,065 |
Camtek Ltd. * | 26,856 | 2,090,471 |
Check Point Software Technologies Ltd. * | 24,458 | 3,887,110 |
CyberArk Software Ltd. * | 13,968 | 3,261,249 |
Delek Group Ltd. | 224 | 27,738 |
Elbit Systems Ltd. | 568 | 117,169 |
Electra Ltd. | 42 | 16,008 |
Fattal Holdings 1998 Ltd. * | 113 | 12,828 |
3
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
ICL Group Ltd. | 22,046 | 100,272 |
Israel Corp. Ltd. * | 100 | 22,917 |
Melisron Ltd. | 643 | 47,153 |
Mivne Real Estate KD Ltd. | 16,584 | 44,874 |
Nice Ltd. * | 1,784 | 370,148 |
Nova Ltd. *(a) | 775 | 110,365 |
Nova Ltd. *(a) | 18,926 | 2,740,674 |
SolarEdge Technologies, Inc. * | 7,125 | 473,812 |
Strauss Group Ltd. * | 1,100 | 21,364 |
Teva Pharmaceutical Industries Ltd. * | 21,468 | 258,024 |
Tower Semiconductor Ltd. * | 3,117 | 88,883 |
15,775,803 | ||
Italy 1.7% | ||
A2A SpA | 44,431 | 88,092 |
Brembo SpA | 92,102 | 1,134,403 |
Buzzi SpA | 1,705 | 57,953 |
Enel SpA | 171,822 | 1,172,406 |
Eni SpA | 58,123 | 926,558 |
Ferrari NV | 18,191 | 6,343,878 |
Hera SpA | 20,682 | 72,855 |
Interpump Group SpA | 1,356 | 67,029 |
Intesa Sanpaolo SpA | 1,620,900 | 4,994,469 |
Moncler SpA | 5,505 | 338,650 |
Prysmian SpA | 5,185 | 228,191 |
Reply SpA | 482 | 66,087 |
Stellantis NV | 53,791 | 1,184,835 |
Terna - Rete Elettrica Nazionale | 25,741 | 217,049 |
16,892,455 | ||
Japan 14.9% | ||
ABC-Mart, Inc. | 2,100 | 36,394 |
Acom Co. Ltd. | 12,600 | 32,271 |
Advantest Corp. | 16,700 | 664,624 |
AGC, Inc. | 2,900 | 109,064 |
Aica Kogyo Co. Ltd. | 1,200 | 27,805 |
Ain Holdings, Inc. | 600 | 19,580 |
Air Water, Inc. | 3,000 | 39,628 |
Aisin Corp. | 3,100 | 115,739 |
Amada Co. Ltd. | 8,300 | 89,571 |
Amano Corp. | 2,000 | 46,089 |
Amvis Holdings, Inc. | 96,000 | 1,768,611 |
ANA Holdings, Inc. * | 3,700 | 81,763 |
Anritsu Corp. | 3,500 | 27,715 |
As One Corp. | 500 | 18,876 |
Asahi Intecc Co. Ltd. | 3,100 | 58,903 |
Asics Corp. | 118,700 | 3,606,832 |
Astellas Pharma, Inc. | 34,600 | 402,830 |
Azbil Corp. | 3,300 | 106,638 |
Bandai Namco Holdings, Inc. | 16,100 | 348,606 |
BayCurrent Consulting, Inc. | 57,221 | 1,330,331 |
Bridgestone Corp. | 10,300 | 446,327 |
Calbee, Inc. | 2,000 | 42,040 |
Canon Marketing Japan, Inc. | 1,000 | 30,425 |
Canon, Inc. | 14,500 | 399,433 |
Capcom Co. Ltd. | 5,000 | 190,694 |
Chubu Electric Power Co., Inc. | 15,700 | 203,671 |
Chugai Pharmaceutical Co. Ltd. | 13,200 | 474,807 |
Chugoku Electric Power Co., Inc. | 5,600 | 39,818 |
COMSYS Holdings Corp. | 2,800 | 61,306 |
Cosmo Energy Holdings Co. Ltd. | 1,500 | 62,300 |
Cosmos Pharmaceutical Corp. | 300 | 32,224 |
CyberAgent, Inc. | 229,900 | 1,483,735 |
Dai Nippon Printing Co. Ltd. | 4,100 | 118,654 |
Daicel Corp. | 4,000 | 39,189 |
Daifuku Co. Ltd. | 7,426 | 146,441 |
Daiichikosho Co. Ltd. | 2,000 | 27,400 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Daito Trust Construction Co. Ltd. | 1,800 | 204,751 |
Denso Corp. | 118,660 | 1,863,917 |
Dentsu Soken, Inc. | 500 | 18,668 |
Descente Ltd. | 1,000 | 23,097 |
Disco Corp. | 2,100 | 566,662 |
Electric Power Development Co. Ltd. | 3,600 | 60,471 |
ENEOS Holdings, Inc. | 71,000 | 286,737 |
Fancl Corp. | 2,000 | 31,583 |
FANUC Corp. | 27,900 | 771,780 |
Food & Life Cos. Ltd. | 1,700 | 34,018 |
FP Partner, Inc. | 68,500 | 2,849,452 |
Fuji Electric Co. Ltd. | 2,800 | 140,224 |
Fujikura Ltd. | 5,200 | 42,747 |
Fujitsu Ltd. | 22,900 | 3,169,686 |
Furukawa Electric Co. Ltd. | 900 | 16,371 |
GMO Payment Gateway, Inc. | 43,600 | 2,630,749 |
Goldwin, Inc. | 1,000 | 67,269 |
GS Yuasa Corp. | 1,100 | 15,865 |
GungHo Online Entertainment, Inc. | 1,000 | 16,812 |
Hakuhodo DY Holdings, Inc. | 4,200 | 32,261 |
Hamamatsu Photonics KK | 2,800 | 110,614 |
Harmonic Drive Systems, Inc. | 1,200 | 29,080 |
Hirose Electric Co. Ltd. | 800 | 93,082 |
Hitachi Ltd. | 56,678 | 4,452,077 |
Honda Motor Co. Ltd. | 81,100 | 906,541 |
Horiba Ltd. | 800 | 64,187 |
Hoshizaki Corp. | 69,700 | 2,535,780 |
House Foods Group, Inc. | 1,500 | 33,017 |
Hoya Corp. | 8,100 | 1,028,935 |
Idemitsu Kosan Co. Ltd. | 30,500 | 169,366 |
INFRONEER Holdings, Inc. | 3,800 | 39,723 |
Inpex Corp. | 24,800 | 337,093 |
Internet Initiative Japan, Inc. | 122,000 | 2,365,752 |
Isetan Mitsukoshi Holdings Ltd. | 6,200 | 72,492 |
Isuzu Motors Ltd. | 12,100 | 165,104 |
ITOCHU Corp. | 102,920 | 4,670,932 |
Iwatani Corp. | 1,234 | 55,143 |
Japan Airlines Co. Ltd. | 3,900 | 74,941 |
Japan Airport Terminal Co. Ltd. | 12,300 | 488,469 |
Japan Aviation Electronics Industry Ltd. | 700 | 12,035 |
Jeol Ltd. | 800 | 36,571 |
JFE Holdings, Inc. | 10,700 | 168,940 |
JGC Holdings Corp. | 6,300 | 73,795 |
JINS Holdings, Inc. | 48,400 | 1,364,614 |
JSR Corp. | 4,500 | 122,736 |
JTEKT Corp. | 4,100 | 37,514 |
Justsystems Corp. | 22,265 | 465,203 |
Kakaku.com, Inc. | 3,600 | 40,951 |
Kamigumi Co. Ltd. | 2,800 | 64,416 |
Kandenko Co. Ltd. | 2,600 | 26,738 |
Kansai Electric Power Co., Inc. | 11,500 | 156,885 |
Kansai Paint Co. Ltd. | 4,400 | 73,567 |
Kawasaki Kisen Kaisha Ltd. | 5,700 | 277,726 |
KDDI Corp. | 31,900 | 1,057,008 |
Kewpie Corp. | 1,800 | 32,034 |
Keyence Corp. | 5,300 | 2,371,209 |
Kikkoman Corp. | 4,300 | 264,571 |
Kinden Corp. | 64,227 | 1,070,314 |
Kintetsu Group Holdings Co. Ltd. | 4,400 | 135,773 |
Kobayashi Pharmaceutical Co. Ltd. | 1,500 | 67,696 |
Kobe Bussan Co. Ltd. | 2,200 | 56,216 |
Koei Tecmo Holdings Co. Ltd. | 3,900 | 48,579 |
Koito Manufacturing Co. Ltd. | 5,800 | 88,794 |
Kokuyo Co. Ltd. | 1,300 | 20,936 |
Komatsu Ltd. | 88,700 | 2,523,511 |
Konami Group Corp. | 1,600 | 98,397 |
Kose Corp. | 700 | 45,796 |
Kotobuki Spirits Co. Ltd. | 128,600 | 1,730,265 |
Kurita Water Industries Ltd. | 2,300 | 83,998 |
4
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Kyowa Kirin Co. Ltd. | 4,400 | 69,309 |
Kyudenko Corp. | 700 | 26,627 |
Kyushu Electric Power Co., Inc. * | 7,300 | 54,671 |
Lasertec Corp. | 1,800 | 468,772 |
Lion Corp. | 5,200 | 46,353 |
M3, Inc. | 83,100 | 1,311,318 |
Mabuchi Motor Co. Ltd. | 2,600 | 45,064 |
Macnica Holdings, Inc. | 66,601 | 3,524,250 |
Mani, Inc. | 1,200 | 16,671 |
Marubeni Corp. | 28,000 | 477,587 |
Maruichi Steel Tube Ltd. | 1,700 | 43,315 |
MatsukiyoCocokara & Co. | 250,703 | 4,556,971 |
Mazda Motor Corp. | 9,400 | 113,960 |
McDonald's Holdings Co. Japan Ltd. | 2,200 | 97,954 |
Mebuki Financial Group, Inc. | 453,037 | 1,356,029 |
Medipal Holdings Corp. | 3,100 | 49,479 |
MEIJI Holdings Co. Ltd. | 5,800 | 140,271 |
MISUMI Group, Inc. | 6,900 | 118,300 |
Mitsubishi Chemical Group Corp. | 22,200 | 133,860 |
Mitsubishi Corp. | 73,500 | 1,266,768 |
Mitsubishi Electric Corp. | 30,500 | 452,629 |
Mitsubishi Gas Chemical Co., Inc. | 3,200 | 52,259 |
Mitsubishi Logistics Corp. | 1,100 | 33,978 |
Mitsubishi Motors Corp. | 12,600 | 39,703 |
Mitsubishi UFJ Financial Group, Inc. | 432,844 | 4,054,253 |
Mitsui & Co. Ltd. | 31,300 | 1,269,441 |
Mitsui Chemicals, Inc. | 2,900 | 85,348 |
Mitsui Mining & Smelting Co. Ltd. | 800 | 24,732 |
Mitsui OSK Lines Ltd. | 6,900 | 247,851 |
Miura Co. Ltd. | 2,500 | 45,684 |
Money Forward, Inc. * | 64,400 | 2,513,661 |
MonotaRO Co. Ltd. | 6,400 | 60,277 |
Murata Manufacturing Co. Ltd. | 26,100 | 527,014 |
Nabtesco Corp. | 1,900 | 36,520 |
Nagase & Co. Ltd. | 1,600 | 26,161 |
NET One Systems Co. Ltd. | 1,800 | 29,266 |
Nexon Co. Ltd. | 11,700 | 186,721 |
NGK Insulators Ltd. | 4,600 | 57,467 |
NHK Spring Co. Ltd. | 2,500 | 20,639 |
Nifco, Inc. | 1,900 | 49,306 |
Nihon M&A Center Holdings, Inc. | 16,300 | 97,977 |
Nintendo Co. Ltd. | 29,000 | 1,620,256 |
Nippon Kayaku Co. Ltd. | 4,600 | 41,066 |
Nippon Sanso Holdings Corp. | 2,500 | 63,348 |
Nippon Shinyaku Co. Ltd. | 800 | 28,262 |
Nippon Shokubai Co. Ltd. | 900 | 33,858 |
Nippon Steel Corp. | 15,200 | 365,783 |
Nippon Telegraph & Telephone Corp. | 454,000 | 570,112 |
Nippon Yusen KK | 12,400 | 427,315 |
Nishi-Nippon Railroad Co. Ltd. | 1,100 | 18,284 |
Nissan Chemical Corp. | 55,714 | 2,222,031 |
Nisshin Seifun Group, Inc. | 4,000 | 55,797 |
Nissin Foods Holdings Co. Ltd. | 5,100 | 164,992 |
Niterra Co. Ltd. | 4,100 | 110,407 |
Nitori Holdings Co. Ltd. | 1,400 | 183,234 |
Nitto Denko Corp. | 3,900 | 323,536 |
Noevir Holdings Co. Ltd. | 400 | 14,220 |
NOF Corp. | 1,900 | 85,811 |
NOK Corp. | 1,900 | 25,166 |
NS Solutions Corp. | 600 | 20,012 |
NSK Ltd. | 7,200 | 39,252 |
Obayashi Corp. | 15,400 | 142,551 |
OBIC Business Consultants Co. Ltd. | 600 | 29,016 |
Obic Co. Ltd. | 1,600 | 245,775 |
OKUMA Corp. | 900 | 40,495 |
Omron Corp. | 2,900 | 130,399 |
Ono Pharmaceutical Co. Ltd. | 8,200 | 147,798 |
Open House Group Co. Ltd. | 2,200 | 68,799 |
Oracle Corp. | 900 | 70,928 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Oriental Land Co. Ltd. | 24,600 | 913,646 |
ORIX Corp. | 73,150 | 1,412,473 |
Osaka Gas Co. Ltd. | 7,400 | 155,821 |
OSG Corp. | 1,700 | 23,134 |
Otsuka Corp. | 83,407 | 3,509,580 |
PAL GROUP Holdings Co. Ltd. | 43,500 | 695,663 |
PALTAC Corp. | 600 | 18,267 |
Panasonic Holdings Corp. | 33,300 | 313,645 |
Persol Holdings Co. Ltd. | 51,000 | 81,075 |
Pigeon Corp. | 2,400 | 26,229 |
Pola Orbis Holdings, Inc. | 1,800 | 18,621 |
Rakus Co. Ltd. | 2,600 | 42,734 |
Recruit Holdings Co. Ltd. | 80,000 | 3,159,897 |
Relo Group, Inc. | 2,500 | 25,094 |
Resonac Holdings Corp. | 3,300 | 65,807 |
Resorttrust, Inc. | 900 | 15,645 |
Rinnai Corp. | 2,600 | 58,905 |
Rohm Co. Ltd. | 5,600 | 96,652 |
Rohto Pharmaceutical Co. Ltd. | 77,600 | 1,587,822 |
Round One Corp. | 308,256 | 1,365,276 |
Ryohin Keikaku Co. Ltd. | 179,900 | 2,797,291 |
Sankyo Co. Ltd. | 84,824 | 5,188,392 |
Sankyu, Inc. | 1,000 | 37,382 |
Sanrio Co. Ltd. | 58,544 | 2,444,633 |
Santen Pharmaceutical Co. Ltd. | 148,300 | 1,498,174 |
Sanwa Holdings Corp. | 4,616 | 70,552 |
SCREEN Holdings Co. Ltd. | 1,600 | 156,895 |
Secom Co. Ltd. | 5,000 | 362,902 |
Sega Sammy Holdings, Inc. | 4,200 | 61,814 |
Seino Holdings Co. Ltd. | 3,200 | 46,732 |
Sekisui Chemical Co. Ltd. | 6,700 | 95,660 |
SG Holdings Co. Ltd. | 11,800 | 152,811 |
SHIFT, Inc. * | 300 | 54,082 |
Shikoku Electric Power Co., Inc. | 2,700 | 19,091 |
Shimadzu Corp. | 7,300 | 201,859 |
Shimamura Co. Ltd. | 23,005 | 2,523,844 |
Shimano, Inc. | 2,200 | 315,866 |
Shimizu Corp. | 9,800 | 65,602 |
Shin-Etsu Chemical Co. Ltd. | 58,900 | 2,318,432 |
Shinko Electric Industries Co. Ltd. | 1,400 | 51,761 |
Shionogi & Co. Ltd. | 6,400 | 307,177 |
Ship Healthcare Holdings, Inc. | 104,395 | 1,584,388 |
SHO-BOND Holdings Co. Ltd. | 1,000 | 44,541 |
SMC Corp. | 1,500 | 834,967 |
SMS Co. Ltd. | 1,400 | 25,284 |
Socionext, Inc. | 3,000 | 68,754 |
Sohgo Security Services Co. Ltd. | 6,000 | 32,754 |
Sojitz Corp. | 3,900 | 92,045 |
Square Enix Holdings Co. Ltd. | 2,100 | 82,060 |
Stanley Electric Co. Ltd. | 3,900 | 74,492 |
Subaru Corp. | 17,500 | 349,113 |
Sugi Holdings Co. Ltd. | 800 | 38,224 |
SUMCO Corp. | 7,200 | 109,155 |
Sumitomo Bakelite Co. Ltd. | 600 | 29,819 |
Sumitomo Chemical Co. Ltd. | 24,500 | 57,687 |
Sumitomo Electric Industries Ltd. | 13,900 | 184,753 |
Sundrug Co. Ltd. | 1,100 | 33,176 |
Suntory Beverage & Food Ltd. | 42,854 | 1,398,102 |
Suzuken Co. Ltd. | 1,500 | 46,561 |
Suzuki Motor Corp. | 9,400 | 422,235 |
Sysmex Corp. | 3,000 | 162,517 |
Takara Holdings, Inc. | 3,500 | 29,611 |
Takeda Pharmaceutical Co. Ltd. | 113,643 | 3,340,022 |
TBS Holdings, Inc. | 900 | 20,870 |
TechnoPro Holdings, Inc. | 89,700 | 2,068,017 |
THK Co. Ltd. | 2,200 | 42,299 |
TIS, Inc. | 5,500 | 122,330 |
Toei Animation Co. Ltd. | 200 | 26,759 |
Toho Co. Ltd. | 3,000 | 97,724 |
5
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Toho Gas Co. Ltd. | 2,400 | 48,216 |
Tohoku Electric Power Co., Inc. | 10,300 | 68,761 |
Tokai Carbon Co. Ltd. | 3,300 | 23,208 |
Tokyo Electric Power Co. Holdings, Inc. * | 28,700 | 152,803 |
Tokyo Electron Ltd. | 10,900 | 2,022,739 |
Tokyo Gas Co. Ltd. | 11,800 | 271,068 |
Tokyo Ohka Kogyo Co. Ltd. | 81,600 | 1,863,784 |
Tokyo Seimitsu Co. Ltd. | 18,900 | 1,224,223 |
TOPPAN Holdings, Inc. | 117,689 | 3,244,031 |
Toyo Suisan Kaisha Ltd. | 22,400 | 1,166,401 |
Toyo Tire Corp. | 132,600 | 2,195,631 |
Toyoda Gosei Co. Ltd. | 1,300 | 25,101 |
Toyota Boshoku Corp. | 1,300 | 21,421 |
Toyota Tsusho Corp. | 5,300 | 347,317 |
Trend Micro, Inc. | 2,200 | 125,861 |
TS Tech Co. Ltd. | 2,900 | 36,734 |
Unicharm Corp. | 9,300 | 319,998 |
USS Co. Ltd. | 92,876 | 1,756,416 |
Visional, Inc. * | 26,200 | 1,639,772 |
WealthNavi, Inc. * | 85,900 | 988,604 |
West Japan Railway Co. | 3,700 | 154,103 |
Workman Co. Ltd. | 1,200 | 34,305 |
Yakult Honsha Co. Ltd. | 6,000 | 131,050 |
Yamato Holdings Co. Ltd. | 8,400 | 145,206 |
Yamato Kogyo Co. Ltd. | 1,000 | 55,354 |
Yokogawa Electric Corp. | 5,500 | 108,079 |
Zenkoku Hosho Co. Ltd. | 2,500 | 93,034 |
Zensho Holdings Co. Ltd. | 1,900 | 93,041 |
Zeon Corp. | 2,300 | 20,867 |
ZOZO, Inc. | 2,800 | 61,310 |
149,213,124 | ||
Jersey 0.2% | ||
TP ICAP Group PLC | 874,909 | 2,072,889 |
Luxembourg 0.0% | ||
Tenaris SA | 13,278 | 209,717 |
Mexico 0.7% | ||
Corp. Inmobiliaria Vesta SAB de CV, ADR | 64,178 | 2,433,630 |
Gruma SAB de CV, B Shares | 59,675 | 1,117,119 |
Prologis Property Mexico SA de CV | 280,548 | 1,156,161 |
Vista Energy SAB de CV, ADR * | 59,558 | 1,951,120 |
6,658,030 | ||
Netherlands 6.4% | ||
Adyen NV * | 5,186 | 6,504,212 |
Akzo Nobel NV | 28,900 | 2,219,880 |
ASM International NV | 1,058 | 586,379 |
ASML Holding NV | 23,545 | 20,427,357 |
ASR Nederland NV | 75,772 | 3,570,869 |
BE Semiconductor Industries NV | 9,833 | 1,477,686 |
CTP NV | 2,603 | 44,418 |
DSM-Firmenich AG | 2,638 | 278,917 |
EXOR NV | 38,889 | 3,762,608 |
Heineken Holding NV | 2,113 | 177,297 |
Heineken NV | 31,346 | 3,153,267 |
IMCD NV | 1,304 | 199,043 |
ING Groep NV | 290,124 | 4,122,217 |
InPost SA * | 80,896 | 1,215,043 |
JDE Peet's NV | 2,275 | 56,159 |
Koninklijke Ahold Delhaize NV | 127,141 | 3,575,606 |
Koninklijke KPN NV | 55,216 | 187,830 |
OCI NV | 3,030 | 86,549 |
Prosus NV * | 301,353 | 8,965,757 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Randstad NV | 3,208 | 182,408 |
Redcare Pharmacy NV * | 15,332 | 2,134,143 |
Universal Music Group NV | 20,019 | 590,115 |
Wolters Kluwer NV | 6,204 | 914,575 |
64,432,335 | ||
New Zealand 0.1% | ||
a2 Milk Co. Ltd. * | 20,564 | 64,722 |
Air New Zealand Ltd. | 44,364 | 17,220 |
EBOS Group Ltd. | 3,763 | 86,174 |
Fisher & Paykel Healthcare Corp. Ltd. | 16,477 | 237,978 |
Mainfreight Ltd. | 2,085 | 91,246 |
Mercury NZ Ltd. | 12,696 | 52,383 |
Meridian Energy Ltd. | 19,055 | 64,554 |
SKYCITY Entertainment Group Ltd. | 17,073 | 19,724 |
Spark New Zealand Ltd. | 40,644 | 132,044 |
766,045 | ||
Norway 0.6% | ||
Aker ASA, A Shares | 1,472 | 87,469 |
AutoStore Holdings Ltd. * | 563,889 | 1,029,341 |
Equinor ASA | 27,333 | 782,191 |
Norsk Hydro ASA | 37,225 | 218,157 |
Salmar ASA | 27,743 | 1,540,026 |
Schibsted ASA, A Shares | 865 | 26,536 |
Schibsted ASA, B Shares | 1,613 | 46,286 |
Seadrill Ltd. * | 47,356 | 2,046,726 |
TOMRA Systems ASA | 3,593 | 36,091 |
Var Energi ASA | 10,818 | 31,380 |
Yara International ASA | 4,621 | 152,736 |
5,996,939 | ||
Panama 0.1% | ||
Copa Holdings SA, Class A | 12,240 | 1,175,774 |
Poland 0.0% | ||
Dino Polska SA * | 1,372 | 148,077 |
Portugal 0.1% | ||
EDP - Energias de Portugal SA | 57,554 | 256,716 |
Galp Energia SGPS SA | 13,974 | 219,975 |
Jeronimo Martins SGPS SA | 7,330 | 166,709 |
643,400 | ||
Republic of Korea 2.2% | ||
BGF retail Co. Ltd. * | 224 | 23,708 |
Cheil Worldwide, Inc. | 2,093 | 28,807 |
CosmoAM&T Co. Ltd. * | 381 | 37,664 |
Coupang, Inc., Class A * | 107,131 | 1,499,834 |
Doosan Bobcat, Inc. | 1,263 | 48,100 |
E-MART, Inc. * | 259 | 15,070 |
Eugene Technology Co. Ltd. | 59,434 | 1,865,269 |
F&F Co. Ltd. * | 548 | 29,102 |
GS Holdings Corp. | 959 | 33,257 |
GS Retail Co. Ltd. * | 725 | 12,100 |
Hankook Tire & Technology Co. Ltd. * | 1,568 | 60,014 |
Hanmi Pharm Co. Ltd. | 161 | 39,061 |
Hanwha Aerospace Co. Ltd. * | 529 | 54,632 |
HD Hyundai Infracore Co. Ltd. | 2,184 | 12,593 |
HMM Co. Ltd. * | 7,385 | 106,140 |
Hotel Shilla Co. Ltd. | 821 | 35,761 |
HYBE Co. Ltd. | 319 | 48,097 |
6
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hyundai Engineering & Construction Co. Ltd. * | 1,199 | 31,031 |
Hyundai Glovis Co. Ltd. * | 474 | 62,067 |
Hyundai Mipo Dockyard Co. Ltd. | 549 | 27,674 |
Hyundai Mobis Co. Ltd. | 1,497 | 234,660 |
Hyundai Wia Corp. * | 276 | 12,000 |
JYP Entertainment Corp. * | 20,798 | 1,170,499 |
Kangwon Land, Inc. * | 3,463 | 38,853 |
KEPCO Plant Service & Engineering Co. Ltd. * | 654 | 16,615 |
Kia Corp. * | 7,067 | 542,824 |
Korea Aerospace Industries Ltd. * | 2,010 | 75,730 |
Korean Air Lines Co. Ltd. * | 3,906 | 65,671 |
Krafton, Inc. * | 549 | 88,036 |
KT&G Corp. | 3,002 | 203,879 |
Kumho Petrochemical Co. Ltd. * | 347 | 32,357 |
LG Corp. * | 1,768 | 108,561 |
LG Electronics, Inc. | 1,988 | 138,572 |
LG H&H Co. Ltd. | 261 | 59,156 |
LG Innotek Co. Ltd. | 286 | 40,791 |
LG Uplus Corp. | 3,806 | 29,140 |
LOTTE Fine Chemical Co. Ltd. * | 408 | 15,180 |
NAVER Corp. | 22,335 | 3,330,641 |
NCSoft Corp. * | 485 | 71,581 |
NongShim Co. Ltd. | 84 | 23,785 |
OCI Holdings Co. Ltd. | 192 | 14,975 |
Orion Corp. | 618 | 42,744 |
Pan Ocean Co. Ltd. * | 6,331 | 17,244 |
S-1 Corp. | 463 | 19,775 |
Samsung C&T Corp. | 2,147 | 221,795 |
Samsung Electronics Co. Ltd. | 173,583 | 9,431,950 |
Samsung Engineering Co. Ltd. * | 4,454 | 74,290 |
Samsung SDI Co. Ltd. | 1,320 | 366,331 |
Samsung SDS Co. Ltd. | 1,034 | 117,587 |
Shinsegae, Inc. | 119 | 15,352 |
S-Oil Corp. | 689 | 35,029 |
Youngone Corp. * | 40,923 | 1,469,140 |
Yuhan Corp. * | 1,480 | 65,415 |
22,260,139 | ||
Singapore 0.7% | ||
CapitaLand Ascendas REIT | 64,800 | 140,436 |
City Developments Ltd. | 10,500 | 47,657 |
ComfortDelGro Corp. Ltd. | 53,500 | 55,645 |
DBS Group Holdings Ltd. | 114,033 | 2,700,904 |
DFI Retail Group Holdings Ltd. | 5,300 | 10,567 |
Frasers Logistics & Commercial Trust | 85,800 | 71,423 |
Genting Singapore Ltd. | 142,500 | 107,018 |
Hutchison Port Holdings Trust, Class U | 74,900 | 11,217 |
Jardine Cycle & Carriage Ltd. | 2,500 | 48,240 |
Jardine Matheson Holdings Ltd. | 3,200 | 128,493 |
Keppel DC REIT | 29,800 | 37,417 |
Keppel REIT | 40,300 | 27,715 |
Mapletree Industrial Trust | 29,400 | 53,548 |
Mapletree Logistics Trust | 58,500 | 67,268 |
Mapletree Pan Asia Commercial Trust | 36,400 | 39,418 |
Netlink NBN Trust | 43,900 | 27,652 |
Olam Group Ltd. | 19,600 | 13,025 |
Seatrium Ltd. * | 564,300 | 41,879 |
Singapore Airlines Ltd. | 33,900 | 168,255 |
Singapore Exchange Ltd. | 47,300 | 330,279 |
Singapore Telecommunications Ltd. | 124,500 | 222,176 |
Suntec Real Estate Investment Trust | 36,200 | 32,002 |
Venture Corp. Ltd. | 207,136 | 2,063,606 |
Wilmar International Ltd. | 35,600 | 87,173 |
6,533,013 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
South Africa 0.2% | ||
Aspen Pharmacare Holdings Ltd. | 156,429 | 1,621,564 |
Impala Platinum Holdings Ltd. | 73,465 | 285,166 |
1,906,730 | ||
Spain 0.8% | ||
ACS Actividades de Construccion y Servicios SA | 3,487 | 137,599 |
Aena SME SA | 1,531 | 270,845 |
Amadeus IT Group SA | 46,885 | 3,285,718 |
Corp. ACCIONA Energias Renovables SA | 1,339 | 34,794 |
Endesa SA | 6,844 | 135,593 |
Fluidra SA | 29,079 | 629,537 |
Iberdrola SA | 114,913 | 1,383,662 |
Industria de Diseno Textil SA | 31,084 | 1,329,070 |
International Consolidated Airlines Group SA * | 27,755 | 51,811 |
Naturgy Energy Group SA | 3,723 | 100,252 |
Repsol SA | 34,507 | 509,609 |
7,868,490 | ||
Sweden 2.5% | ||
Assa Abloy AB, B Shares | 17,961 | 492,593 |
Atlas Copco AB, A Shares | 55,958 | 893,057 |
Atlas Copco AB, B Shares | 113,430 | 1,570,773 |
Axfood AB | 2,777 | 70,261 |
Boliden AB | 7,912 | 210,006 |
Epiroc AB, A Shares | 10,759 | 190,098 |
Epiroc AB, B Shares | 6,651 | 103,702 |
Evolution AB | 5,408 | 631,457 |
Fortnox AB | 107,054 | 590,219 |
H & M Hennes & Mauritz AB, B Shares | 14,368 | 202,714 |
Holmen AB, B Shares | 2,011 | 79,252 |
Kinnevik AB, B Shares * | 86,398 | 928,261 |
Lifco AB, B Shares | 4,159 | 100,344 |
Saab AB, B Shares | 40,278 | 2,593,538 |
Sandvik AB | 103,491 | 2,174,955 |
Sinch AB * | 540,735 | 1,660,597 |
SKF AB, B Shares | 160,442 | 3,161,528 |
Spotify Technology SA * | 21,590 | 4,649,407 |
SSAB AB, A Shares | 6,952 | 54,085 |
SSAB AB, B Shares | 19,311 | 147,506 |
Sweco AB, B Shares | 4,205 | 49,290 |
Swedish Orphan Biovitrum AB * | 3,229 | 90,632 |
Tele2 AB, B Shares | 13,755 | 117,276 |
Telefonaktiebolaget LM Ericsson, B Shares | 53,908 | 298,838 |
Trelleborg AB, B Shares | 31,167 | 948,636 |
Volvo AB, A Shares | 3,347 | 82,286 |
Volvo AB, B Shares | 139,692 | 3,347,764 |
Volvo Car AB, B Shares * | 12,641 | 32,955 |
25,472,030 | ||
Switzerland 5.4% | ||
ABB Ltd. | 32,154 | 1,360,494 |
Avolta AG * | 2,533 | 96,773 |
Bachem Holding AG | 742 | 49,672 |
Barry Callebaut AG | 50 | 73,030 |
Belimo Holding AG | 266 | 124,033 |
BKW AG | 419 | 66,566 |
Chocoladefabriken Lindt & Spruengli AG | 3 | 380,277 |
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | 27 | 343,142 |
Cie Financiere Richemont SA, Class A | 23,584 | 3,503,039 |
Clariant AG | 4,159 | 53,242 |
Emmi AG | 34 | 35,619 |
7
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
EMS-Chemie Holding AG | 210 | 158,532 |
Geberit AG | 978 | 562,964 |
Georg Fischer AG | 1,709 | 114,381 |
Holcim AG * | 40,396 | 3,085,399 |
Kuehne & Nagel International AG | 1,510 | 511,708 |
Landis+Gyr Group AG | 17,834 | 1,462,326 |
Logitech International SA | 4,130 | 346,231 |
Lonza Group AG | 1,214 | 593,531 |
Nestle SA | 77,721 | 8,856,349 |
Novartis AG | 77,189 | 7,982,401 |
Partners Group Holding AG | 1,384 | 1,867,258 |
Roche Holding AG | 36,593 | 10,418,626 |
Roche Holding AG, Bearer Shares | 723 | 219,017 |
Sandoz Group AG * | 9,372 | 321,413 |
Schindler Holding AG | 384 | 91,408 |
Schindler Holding AG, Participation Certificates | 7,704 | 1,918,979 |
SGS SA | 3,363 | 310,761 |
Sika AG | 3,106 | 857,436 |
Sonova Holding AG | 1,226 | 391,825 |
Swatch Group AG | 1,484 | 67,521 |
Swatch Group AG, Bearer Shares | 11,710 | 2,749,026 |
Swisscom AG | 518 | 309,911 |
Swissquote Group Holding SA | 5,704 | 1,431,549 |
Tecan Group AG | 4,203 | 1,604,347 |
UBS Group AG | 41,793 | 1,250,973 |
VAT Group AG | 739 | 344,026 |
53,913,785 | ||
Taiwan 1.6% | ||
ASPEED Technology, Inc. | 16,000 | 1,571,515 |
Fubon Financial Holding Co. Ltd. | 1,098,000 | 2,256,993 |
Gold Circuit Electronics Ltd. | 418,000 | 3,058,611 |
Lotes Co. Ltd. | 59,000 | 1,861,206 |
Phison Electronics Corp. | 122,000 | 2,048,898 |
Poya International Co. Ltd. | 84,940 | 1,399,503 |
Silergy Corp. | 120,000 | 1,476,808 |
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 12,635 | 1,427,250 |
Wiwynn Corp. | 20,000 | 1,410,016 |
16,510,800 | ||
United Kingdom 13.4% | ||
3i Group PLC | 59,098 | 1,850,059 |
Admiral Group PLC | 12,558 | 399,308 |
Airtel Africa PLC | 23,954 | 34,019 |
Anglo American PLC | 18,788 | 447,862 |
Ashtead Group PLC | 48,424 | 3,166,537 |
AstraZeneca PLC | 26,427 | 3,503,608 |
AstraZeneca PLC, ADR | 80,789 | 5,383,779 |
Auto Trader Group PLC | 23,543 | 216,593 |
B&M European Value Retail SA | 172,818 | 1,132,600 |
Barratt Developments PLC | 24,499 | 166,969 |
Berkeley Group Holdings PLC | 2,353 | 142,485 |
BP PLC | 410,533 | 2,397,684 |
British American Tobacco PLC | 60,940 | 1,796,731 |
BT Group PLC | 91,666 | 129,866 |
Bunzl PLC | 18,318 | 744,439 |
Burberry Group PLC | 9,423 | 155,215 |
Centrica PLC | 151,144 | 264,509 |
CNH Industrial NV | 623,092 | 7,477,104 |
Coca-Cola HBC AG * | 3,129 | 91,982 |
Compass Group PLC | 93,356 | 2,571,374 |
ConvaTec Group PLC | 554,688 | 1,688,123 |
CRH PLC | 14,868 | 1,054,760 |
Croda International PLC | 2,882 | 174,438 |
Darktrace PLC * | 255,026 | 1,105,796 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
DCC PLC | 49,860 | 3,624,788 |
Diageo PLC | 43,948 | 1,587,308 |
Diploma PLC | 56,672 | 2,336,118 |
DS Smith PLC | 30,195 | 107,663 |
Endeavour Mining PLC | 4,044 | 71,837 |
Experian PLC | 19,874 | 827,203 |
Ferguson PLC | 3,495 | 653,514 |
Flutter Entertainment PLC * | 18,171 | 3,729,709 |
Glencore PLC | 1,020,300 | 5,398,365 |
Greggs PLC | 34,392 | 1,158,505 |
GSK PLC | 113,571 | 2,246,177 |
Haleon PLC | 114,614 | 465,535 |
Halma PLC | 5,491 | 151,986 |
Hargreaves Lansdown PLC | 23,175 | 223,625 |
Hikma Pharmaceuticals PLC | 2,541 | 61,993 |
Howden Joinery Group PLC | 15,038 | 152,288 |
IMI PLC | 4,155 | 88,126 |
Informa PLC | 145,897 | 1,432,935 |
InterContinental Hotels Group PLC | 4,227 | 400,521 |
Intermediate Capital Group PLC | 195,426 | 4,405,898 |
Intertek Group PLC | 3,122 | 177,207 |
J Sainsbury PLC | 37,348 | 127,512 |
JD Sports Fashion PLC | 1,631,266 | 2,410,544 |
John Wood Group PLC * | 167,569 | 332,212 |
Just Group PLC | 713,858 | 769,195 |
Liberty Global Ltd., Class A * | 120,288 | 2,369,674 |
Liberty Global Ltd., Class C * | 141,784 | 2,968,957 |
Lloyds Banking Group PLC | 12,295,610 | 6,591,127 |
Melrose Industries PLC | 365,369 | 2,723,273 |
Mondi PLC | 9,193 | 164,730 |
Next PLC | 2,766 | 295,289 |
Ocado Group PLC * | 284,806 | 1,950,895 |
Persimmon PLC | 8,512 | 156,775 |
Prudential PLC | 576,400 | 5,921,108 |
Reckitt Benckiser Group PLC | 46,449 | 3,358,304 |
RELX PLC | 39,771 | 1,641,511 |
Renishaw PLC | 985 | 43,563 |
Rightmove PLC | 24,399 | 172,676 |
Rio Tinto PLC | 27,863 | 1,928,661 |
Rolls-Royce Holdings PLC * | 133,465 | 506,693 |
RS Group PLC | 10,590 | 104,936 |
Schroders PLC | 845,441 | 4,325,360 |
Shell PLC | 296,277 | 9,185,271 |
Smiths Group PLC | 68,197 | 1,397,605 |
Smurfit Kappa Group PLC | 6,564 | 244,391 |
Spectris PLC | 37,122 | 1,728,155 |
SSE PLC | 16,717 | 356,038 |
Tate & Lyle PLC | 11,010 | 86,927 |
Taylor Wimpey PLC | 93,358 | 174,299 |
TechnipFMC PLC | 114,873 | 2,221,644 |
Tesco PLC | 170,173 | 616,642 |
Unilever PLC | 47,681 | 2,320,168 |
UNITE Group PLC | 7,808 | 99,754 |
United Utilities Group PLC | 9,959 | 134,135 |
Vodafone Group PLC | 3,666,381 | 3,116,939 |
Weir Group PLC | 106,481 | 2,447,563 |
Wise PLC, Class A * | 138,034 | 1,407,933 |
WPP PLC | 403,300 | 3,900,109 |
133,697,709 | ||
United States 1.6% | ||
ACADIA Pharmaceuticals, Inc. * | 5,395 | 139,785 |
Ginkgo Bioworks Holdings, Inc. * | 180,171 | 218,007 |
Insmed, Inc. * | 18,815 | 523,057 |
Jazz Pharmaceuticals PLC * | 18,962 | 2,327,017 |
Moderna, Inc. * | 30,002 | 3,031,702 |
NVIDIA Corp. | 7,909 | 4,866,170 |
Parade Technologies Ltd. | 87,000 | 3,086,510 |
8
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sage Therapeutics, Inc. * | 6,555 | 168,070 |
Tesla, Inc. * | 6,629 | 1,241,545 |
15,601,863 | ||
Total Common Stocks (Cost $825,456,661) | 938,057,575 | |
PREFERRED STOCKS 0.5% OF NET ASSETS | ||
Germany 0.0% | ||
Bayerische Motoren Werke AG | 1,020 | 99,665 |
FUCHS SE | 1,665 | 72,983 |
Henkel AG & Co. KGaA | 2,820 | 216,177 |
388,825 | ||
Republic of Korea 0.5% | ||
Hyundai Motor Co. | 334 | 29,533 |
Hyundai Motor Co. 2nd | 506 | 44,711 |
Samsung Electronics Co. Ltd. | 98,989 | 4,331,348 |
4,405,592 | ||
Total Preferred Stocks (Cost $5,566,282) | 4,794,417 | |
RIGHTS 0.0% OF NET ASSETS | ||
Spain 0.0% | ||
ACS Actividades de Construccion y Servicios SA | ||
expires 02/02/24, strike EUR 0.46 * | 3,487 | 1,598 |
Total Rights (Cost $1,732) | 1,598 | |
WARRANTS 0.0% OF NET ASSETS | ||
Canada 0.0% | ||
Constellation Software, Inc. | ||
expires 03/31/40 *(b) | 344 | 1,776 |
Total Warrants (Cost $0) | 1,776 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
INVESTMENT COMPANIES 2.7% OF NET ASSETS | ||
United States 2.7% | ||
iShares MSCI EAFE ETF | 18,140 | 1,360,681 |
Schwab Emerging Markets Equity ETF (c) | 1,104,906 | 26,352,008 |
27,712,689 | ||
Total Investment Companies (Cost $33,723,208) | 27,712,689 |
SHORT-TERM INVESTMENTS 4.1% OF NET ASSETS | ||
Money Market Funds 4.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.30% (d) | 40,744,362 | 40,744,362 |
Total Short-Term Investments (Cost $40,744,362) | 40,744,362 | |
Total Investments in Securities (Cost $905,492,245) | 1,011,312,417 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI EAFE Index, expires 03/15/24 | 185 | 20,655,250 | 18,601 |
9
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SETTLEMENT DATE | COUNTERPARTY | CURRENCY TO BE RECEIVED | AMOUNT OF CURRENCY TO BE RECEIVED | CURRENCY TO BE DELIVERED | AMOUNT OF CURRENCY TO BE DELIVERED | UNREALIZED APPRECIATION (DEPRECIATION) ($) |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||
02/01/24 | UBS AG | AUD | 4,990,000 | USD | 3,300,176 | (26,487 ) |
03/19/24 | UBS AG | AUD | 5,630,000 | USD | 3,711,707 | (12,615 ) |
02/01/24 | UBS AG | AUD | 508,000 | USD | 341,212 | (7,938 ) |
03/19/24 | Goldman Sachs & Co. | AUD | 2,269,000 | USD | 1,491,418 | (612 ) |
02/01/24 | Citibank N.A. | CAD | 11,241,000 | USD | 8,317,425 | 43,615 |
03/19/24 | UBS AG | CHF | 480,000 | USD | 559,501 | (500 ) |
03/19/24 | UBS AG | CHF | 3,341,000 | USD | 3,882,915 | 7,964 |
02/01/24 | UBS AG | CHF | 2,848,000 | USD | 3,275,747 | 24,560 |
03/19/24 | UBS AG | DKK | 10,383,000 | USD | 1,520,138 | (11,185 ) |
02/01/24 | Citibank N.A. | DKK | 9,045,000 | USD | 1,314,224 | (2,888 ) |
03/19/24 | Barclays Bank PLC | EUR | 7,741,000 | USD | 8,447,866 | (65,909 ) |
02/01/24 | Citibank N.A. | EUR | 9,862,000 | USD | 10,675,221 | (17,355 ) |
03/19/24 | UBS AG | EUR | 3,792,000 | USD | 4,106,717 | (738 ) |
03/19/24 | Barclays Bank PLC | GBP | 1,991,000 | USD | 2,536,606 | (12,499 ) |
02/01/24 | HSBC Bank USA | GBP | 270,000 | USD | 341,465 | 706 |
02/01/24 | Citibank N.A. | GBP | 1,434,000 | USD | 1,806,147 | 11,161 |
02/01/24 | HSBC Bank USA | ILS | 9,693,000 | USD | 2,619,730 | 37,525 |
02/01/24 | Barclays Bank PLC | JPY | 693,730,000 | USD | 4,707,229 | 6,251 |
02/01/24 | Citibank N.A. | NOK | 5,344,000 | USD | 511,226 | (3,108 ) |
02/01/24 | Morgan Stanley & Co. | NOK | 12,602,000 | USD | 1,195,295 | 2,927 |
02/01/24 | Morgan Stanley & Co. | NZD | 4,535,000 | USD | 2,800,607 | (28,589 ) |
03/19/24 | Morgan Stanley & Co. | NZD | 4,691,000 | USD | 2,872,473 | (4,928 ) |
02/01/24 | UBS AG | SEK | 5,147,000 | USD | 508,274 | (13,686 ) |
02/01/24 | UBS AG | SEK | 6,864,000 | USD | 671,593 | (12,015 ) |
02/01/24 | Morgan Stanley & Co. | SEK | 44,496,000 | USD | 4,276,625 | (898 ) |
03/19/24 | Morgan Stanley & Co. | SEK | 49,168,000 | USD | 4,725,155 | 8,220 |
02/01/24 | HSBC Bank USA | SGD | 5,277,000 | USD | 3,940,118 | (6,462 ) |
02/01/24 | UBS AG | USD | 2,960,348 | AUD | 4,497,000 | 10,091 |
02/01/24 | Morgan Stanley & Co. | USD | 668,183 | AUD | 1,001,000 | 11,476 |
02/01/24 | UBS AG | USD | 3,438,736 | CAD | 4,670,000 | (34,803 ) |
03/19/24 | Citibank N.A. | USD | 6,577,973 | CAD | 8,885,000 | (34,707 ) |
02/01/24 | Barclays Bank PLC | USD | 496,293 | CAD | 670,000 | (2,052 ) |
03/19/24 | Citibank NA | USD | 2,620,696 | CAD | 3,520,000 | 928 |
02/01/24 | Barclays Bank PLC | USD | 4,410,431 | CAD | 5,901,000 | 21,276 |
02/01/24 | UBS AG | USD | 3,293,795 | CHF | 2,848,000 | (6,512 ) |
02/01/24 | UBS AG | USD | 1,321,016 | DKK | 9,045,000 | 9,681 |
02/01/24 | UBS AG | USD | 830,466 | EUR | 762,000 | 6,972 |
02/01/24 | Barclays Bank PLC | USD | 845,210 | EUR | 770,000 | 13,071 |
02/01/24 | Barclays Bank PLC | USD | 9,073,365 | EUR | 8,330,000 | 71,132 |
02/01/24 | Barclays Bank PLC | USD | 506,615 | GBP | 400,000 | (305 ) |
03/19/24 | HSBC Bank USA | USD | 934,658 | GBP | 737,000 | 320 |
02/01/24 | Barclays Bank PLC | USD | 1,660,867 | GBP | 1,304,000 | 8,308 |
02/01/24 | HSBC Bank USA | USD | 2,618,553 | ILS | 9,693,000 | (38,702 ) |
03/19/24 | HSBC Bank USA | USD | 2,547,714 | ILS | 9,411,000 | (36,360 ) |
03/19/24 | Barclays Bank PLC | USD | 4,888,614 | JPY | 715,255,000 | (6,429 ) |
03/19/24 | Citibank N.A. | USD | 937,833 | JPY | 136,764,000 | 1,851 |
02/01/24 | Citibank N.A. | USD | 167,378 | JPY | 23,736,000 | 6,106 |
02/01/24 | Citibank N.A. | USD | 505,724 | JPY | 72,250,000 | 14,828 |
02/01/24 | Barclays Bank PLC | USD | 4,201,402 | JPY | 597,744,000 | 140,090 |
02/01/24 | UBS AG | USD | 1,650,737 | NOK | 17,946,000 | (55,603 ) |
02/01/24 | Morgan Stanley & Co. | USD | 2,776,776 | NZD | 4,535,000 | 4,758 |
02/01/24 | Morgan Stanley & Co. | USD | 4,587,670 | SEK | 47,828,000 | (8,237 ) |
02/01/24 | Barclays Bank PLC | USD | 848,706 | SEK | 8,679,000 | 14,720 |
02/01/24 | Barclays Bank PLC | USD | 341,715 | SGD | 454,000 | 3,288 |
03/19/24 | HSBC Bank USA | USD | 3,885,028 | SGD | 5,193,000 | 6,058 |
02/01/24 | HSBC Bank USA | USD | 3,611,990 | SGD | 4,823,000 | 16,761 |
Net Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | 52,522 |
10
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
* | Non-income producing security. |
(a) | Security is traded on separate exchanges for the same issuer. |
(b) | Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). |
(c) | Issuer is affiliated with the fund’s investment adviser. |
(d) | The rate shown is the annualized 7-day yield. |
ADR — | American Depositary Receipt |
CVA — | Dutch Certificate |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
AUD — | Australian Dollar |
CAD — | Canadian Dollar |
CHF — | Swiss Franc |
DKK — | Danish Krone |
EUR — | Euro |
GBP — | British Pound |
ILS — | Israeli Shekel |
JPY — | Japanese Yen |
NOK — | Norwegian Krone |
NZD — | New Zealand Dollar |
SEK — | Swedish Krona |
SGD — | Singapore Dollar |
USD — | U.S. Dollar |
Below is a summary of the fund’s transactions with affiliated issuers during the period ended January 31, 2024:
SECURITY | VALUE AT 10/31/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 1/31/24 | BALANCE OF SHARES HELD AT 1/31/24 | DISTRIBUTIONS RECEIVED (a) |
INVESTMENT COMPANIES 2.6% OF NET ASSETS | ||||||||
United States 2.6% | ||||||||
Schwab Emerging Markets Equity ETF | $35,333,880 | $— | ($10,235,560 ) | ($2,474,950 ) | $3,728,638 | $26,352,008 | 1,104,906 | $1,254,147 |
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying fund. |
11
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2024 (see notes to portfolio holdings for additional information):
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Common Stocks 1 | $— | $395,789,449 | $— | $395,789,449 |
Austria | 29,074 | 1,540,213 | — | 1,569,287 |
Belgium | 206,481 | 2,873,394 | — | 3,079,875 |
Brazil | 17,549,161 | — | — | 17,549,161 |
Canada | 63,769,961 | — | — | 63,769,961 |
China | 3,223,376 | 8,298,848 | — | 11,522,224 |
Germany | 1,069,412 | 83,466,695 | — | 84,536,107 |
Greece | 2,119,110 | 2,696,775 | — | 4,815,885 |
Guernsey | 2,312,911 | — | — | 2,312,911 |
Hong Kong | 32,646 | 5,134,170 | — | 5,166,816 |
India | 960,793 | 21,953,679 | — | 22,914,472 |
Ireland | 6,177,391 | 2,066,826 | — | 8,244,217 |
Israel | 12,453,316 | 3,322,487 | — | 15,775,803 |
Mexico | 6,658,030 | — | — | 6,658,030 |
Netherlands | 8,965,757 | 55,466,578 | — | 64,432,335 |
New Zealand | 221,371 | 544,674 | — | 766,045 |
Norway | 2,093,012 | 3,903,927 | — | 5,996,939 |
Panama | 1,175,774 | — | — | 1,175,774 |
Republic of Korea | 1,499,834 | 20,760,305 | — | 22,260,139 |
Singapore | 27,652 | 6,505,361 | — | 6,533,013 |
South Africa | 1,621,564 | 285,166 | — | 1,906,730 |
Sweden | 4,719,668 | 20,752,362 | — | 25,472,030 |
Taiwan | 1,427,250 | 15,083,550 | — | 16,510,800 |
United Kingdom | 20,672,815 | 113,024,894 | — | 133,697,709 |
United States | 12,515,353 | 3,086,510 | — | 15,601,863 |
Preferred Stocks 1 | — | 4,794,417 | — | 4,794,417 |
Rights 1 | 1,598 | — | — | 1,598 |
Warrants | ||||
Canada | — | — | 1,776 | 1,776 |
Investment Companies 1 | 27,712,689 | — | — | 27,712,689 |
Short-Term Investments 1 | 40,744,362 | — | — | 40,744,362 |
Futures Contracts 2 | 18,601 | — | — | 18,601 |
Forward Foreign Currency Exchange Contracts 2 | — | 504,644 | — | 504,644 |
Liabilities | ||||
Forward Foreign Currency Exchange Contracts 2 | — | (452,122 ) | — | (452,122 ) |
Total | $239,978,962 | $771,402,802 | $1,776 | $1,011,383,540 |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts and forward foreign currency exchange contracts are reported at cumulative unrealized appreciation or depreciation. |
12
Schwab International Opportunities 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:
• 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.
• 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 a 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.
• Futures contracts and forward foreign currency exchange contracts (forwards): Futures contracts are valued at their settlement prices as of the close of their exchanges. Forwards are valued based on that day’s forward exchange rates or by using an interpolated forward exchange rate for contracts with interim settlement dates.
• Mutual funds: Mutual funds are valued at their respective NAVs.
• 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:
• 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.
• 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 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
13
Schwab International Opportunities Fund
Notes to Portfolio Holdings (Unaudited) (continued)
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.
• 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 January 31, 2024, are disclosed in the fund’s Portfolio Holdings.
REG87632JAN24
14