Schwab Capital TrustSchwab Target 2010 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.6% OF NET ASSETS | ||||||||
U.S. Stocks 25.4% | ||||||||
Large-Cap 24.0% | ||||||||
Schwab U.S. Large-Cap ETF | $10,953,218 | $301,158 | ($514,079 ) | $127,791 | $257,763 | $11,125,851 | 173,165 | $35,937 |
Small-Cap 1.4% | ||||||||
Schwab U.S. Small-Cap ETF | 626,037 | 51,510 | (16,220 ) | 695 | (22,253 ) | 639,769 | 13,483 | 2,055 |
11,765,620 | ||||||||
International Stocks 7.6% | ||||||||
Developed Markets 7.6% | ||||||||
Schwab International Equity ETF | 3,451,553 | 288,102 | (166,728 ) | 20,483 | (69,797 ) | 3,523,613 | 91,713 | 31,501 |
Real Estate 2.5% | ||||||||
U.S. REITs 2.5% | ||||||||
Schwab U.S. REIT ETF | 1,122,245 | 106,009 | (45,173 ) | (958 ) | (14,178 ) | 1,167,945 | 58,485 | 10,864 |
Fixed Income 61.5% | ||||||||
Inflation-Protected Bond 6.5% | ||||||||
Schwab U.S. TIPS ETF | 2,931,079 | 174,358 | (111,544 ) | (10,973 ) | 1,778 | 2,984,698 | 57,387 | 31,893 |
Intermediate-Term Bond 48.1% | ||||||||
Schwab U.S. Aggregate Bond ETF | 21,835,004 | 1,178,359 | (578,925 ) | (106,081 ) | (98,581 ) | 22,229,776 | 487,709 | 212,882 |
Treasury Bond 6.9% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 3,145,365 | 187,432 | (118,331 ) | (5,973 ) | 382 | 3,208,875 | 66,671 | 33,371 |
28,423,349 | ||||||||
Money Market Funds 2.6% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 1,178,759 | 15,713 | — | — | (2 ) | 1,194,470 | 1,194,231 | 15,188 |
Total Affiliated Underlying Funds (Cost $40,688,615) | $45,243,260 | $2,302,641 | ($1,551,000 ) | $24,984 | $55,112 | $46,074,997 | $373,691 | |
Total Investments in Securities (Cost $40,688,615) | $46,074,997 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
TIPS — | Treasury Inflation Protected Securities |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
1
Schwab Capital TrustSchwab Target 2015 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS | ||||||||
U.S. Stocks 28.0% | ||||||||
Large-Cap 26.4% | ||||||||
Schwab U.S. Large-Cap ETF | $19,533,261 | $691,487 | ($1,610,857 ) | $143,177 | $543,118 | $19,300,186 | 300,392 | $63,481 |
Small-Cap 1.6% | ||||||||
Schwab U.S. Small-Cap ETF | 1,168,563 | 76,848 | (37,188 ) | 1,429 | (42,572 ) | 1,167,080 | 24,596 | 3,791 |
20,467,266 | ||||||||
International Stocks 8.8% | ||||||||
Developed Markets 8.8% | ||||||||
Schwab International Equity ETF | 6,478,608 | 480,273 | (421,604 ) | 21,554 | (114,145 ) | 6,444,686 | 167,743 | 58,542 |
Real Estate 2.8% | ||||||||
U.S. REITs 2.8% | ||||||||
Schwab U.S. REIT ETF | 2,062,561 | 144,557 | (127,281 ) | (771 ) | (27,148 ) | 2,051,918 | 102,750 | 19,512 |
Fixed Income 57.8% | ||||||||
Inflation-Protected Bond 6.0% | ||||||||
Schwab U.S. TIPS ETF | 4,455,559 | 196,228 | (228,244 ) | (17,505 ) | 4,150 | 4,410,188 | 84,795 | 48,547 |
Intermediate-Term Bond 45.3% | ||||||||
Schwab U.S. Aggregate Bond ETF | 33,451,752 | 1,317,185 | (1,357,756 ) | (210,653 ) | (96,822 ) | 33,103,706 | 726,277 | 325,439 |
Treasury Bond 6.5% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 4,753,892 | 234,997 | (265,907 ) | (11,183 ) | 2,486 | 4,714,285 | 97,949 | 50,350 |
42,228,179 | ||||||||
Money Market Funds 2.1% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 1,487,656 | 19,829 | — | — | (2 ) | 1,507,483 | 1,507,182 | 19,168 |
Total Affiliated Underlying Funds (Cost $62,672,995) | $73,391,852 | $3,161,404 | ($4,048,837 ) | ($73,952 ) | $269,065 | $72,699,532 | $588,830 | |
Total Investments in Securities (Cost $62,672,995) | $72,699,532 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
TIPS — | Treasury Inflation Protected Securities |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
2
Schwab Capital TrustSchwab Target 2020 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.6% OF NET ASSETS | ||||||||
U.S. Stocks 29.7% | ||||||||
Large-Cap 27.9% | ||||||||
Schwab U.S. Large-Cap ETF | $77,266,686 | $2,801,724 | ($5,484,285 ) | $1,268,418 | $1,468,605 | $77,321,148 | 1,203,442 | $254,361 |
Small-Cap 1.8% | ||||||||
Schwab U.S. Small-Cap ETF | 4,769,042 | 351,793 | (135,261 ) | 5,259 | (172,475 ) | 4,818,358 | 101,546 | 15,603 |
82,139,506 | ||||||||
International Stocks 9.8% | ||||||||
Developed Markets 9.8% | ||||||||
Schwab International Equity ETF | 26,960,206 | 1,857,508 | (1,324,698 ) | 134,831 | (532,488 ) | 27,095,359 | 705,241 | 246,635 |
Real Estate 3.0% | ||||||||
U.S. REITs 3.0% | ||||||||
Schwab U.S. REIT ETF | 8,231,142 | 498,349 | (340,110 ) | (21,368 ) | (95,041 ) | 8,272,972 | 414,270 | 78,670 |
Fixed Income 55.4% | ||||||||
Inflation-Protected Bond 5.7% | ||||||||
Schwab U.S. TIPS ETF | 15,916,154 | 643,951 | (556,014 ) | (91,949 ) | 43,330 | 15,955,472 | 306,777 | 174,098 |
Intermediate-Term Bond 43.6% | ||||||||
Schwab U.S. Aggregate Bond ETF | 120,327,996 | 4,873,629 | (3,488,357 ) | (731,482 ) | (382,257 ) | 120,599,529 | 2,645,887 | 1,175,489 |
Treasury Bond 6.1% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 16,783,251 | 1,029,077 | (925,460 ) | (50,191 ) | 19,556 | 16,856,233 | 350,223 | 178,456 |
153,411,234 | ||||||||
Money Market Funds 1.7% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 4,624,172 | 61,638 | — | — | (6 ) | 4,685,804 | 4,684,866 | 59,582 |
Total Affiliated Underlying Funds (Cost $238,921,037) | $274,878,649 | $12,117,669 | ($12,254,185 ) | $513,518 | $349,224 | $275,604,875 | $2,182,894 | |
Total Investments in Securities (Cost $238,921,037) | $275,604,875 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
TIPS — | Treasury Inflation Protected Securities |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
3
Schwab Capital TrustSchwab Target 2025 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS | ||||||||
U.S. Stocks 32.0% | ||||||||
Large-Cap 30.0% | ||||||||
Schwab U.S. Large-Cap ETF | $168,247,701 | $5,913,018 | ($8,015,585 ) | $777,011 | $5,152,847 | $172,074,992 | 2,678,210 | $563,478 |
Small-Cap 2.0% | ||||||||
Schwab U.S. Small-Cap ETF | 10,982,440 | 735,981 | — | — | (386,080 ) | 11,332,341 | 238,827 | 37,017 |
183,407,333 | ||||||||
International Stocks 12.0% | ||||||||
Developed Markets 11.0% | ||||||||
Schwab International Equity ETF | 61,146,174 | 4,018,405 | (1,387,035 ) | 110,191 | (1,036,995 ) | 62,850,740 | 1,635,886 | 569,769 |
Emerging Markets 1.0% | ||||||||
Schwab Emerging Markets Equity ETF | 5,744,299 | — | (264,348 ) | (9,319 ) | 295,836 | 5,766,468 | 217,111 | 7,447 |
68,617,208 | ||||||||
Real Estate 3.3% | ||||||||
U.S. REITs 3.3% | ||||||||
Schwab U.S. REIT ETF | 18,383,416 | 1,336,708 | (334,519 ) | (31,758 ) | (228,438 ) | 19,125,409 | 957,707 | 181,869 |
Fixed Income 50.8% | ||||||||
Inflation-Protected Bond 4.7% | ||||||||
Schwab U.S. TIPS ETF | 26,181,921 | 1,395,739 | (766,608 ) | (160,693 ) | 77,632 | 26,727,991 | 513,901 | 287,064 |
Intermediate-Term Bond 41.1% | ||||||||
Schwab U.S. Aggregate Bond ETF | 229,713,236 | 12,114,376 | (4,197,263 ) | (1,012,781 ) | (1,145,773 ) | 235,471,795 | 5,166,121 | 2,251,628 |
Treasury Bond 5.0% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 27,824,642 | 2,295,951 | (1,410,967 ) | (102,508 ) | 53,479 | 28,660,597 | 595,483 | 296,844 |
290,860,383 | ||||||||
Money Market Funds 1.4% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 7,612,556 | 101,471 | — | — | (10 ) | 7,714,017 | 7,712,474 | 98,087 |
Total Affiliated Underlying Funds (Cost $490,160,692) | $555,836,385 | $27,911,649 | ($16,376,325 ) | ($429,857 ) | $2,782,498 | $569,724,350 | $4,293,203 | |
Total Investments in Securities (Cost $490,160,692) | $569,724,350 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
TIPS — | Treasury Inflation Protected Securities |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
4
Schwab Capital TrustSchwab Target 2030 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.3% OF NET ASSETS | ||||||||
U.S. Stocks 40.1% | ||||||||
Large-Cap 37.2% | ||||||||
Schwab U.S. Large-Cap ETF | $408,178,426 | $9,184,937 | ($9,446,931 ) | $372,676 | $14,433,808 | $422,722,916 | 6,579,345 | $1,379,350 |
Small-Cap 2.9% | ||||||||
Schwab U.S. Small-Cap ETF | 31,124,604 | 2,625,547 | — | — | (1,120,019 ) | 32,630,132 | 687,674 | 105,348 |
455,353,048 | ||||||||
International Stocks 16.8% | ||||||||
Developed Markets 14.7% | ||||||||
Schwab International Equity ETF | 160,694,154 | 10,778,520 | (1,759,460 ) | 27,402 | (2,478,416 ) | 167,262,200 | 4,353,519 | 1,509,935 |
Emerging Markets 2.1% | ||||||||
Schwab Emerging Markets Equity ETF | 22,635,110 | 567,164 | (762,983 ) | (50,375 ) | 1,189,007 | 23,577,923 | 887,723 | 30,449 |
190,840,123 | ||||||||
Real Estate 4.3% | ||||||||
U.S. REITs 4.3% | ||||||||
Schwab U.S. REIT ETF | 46,524,920 | 3,144,701 | — | — | (612,977 ) | 49,056,644 | 2,456,517 | 461,167 |
Fixed Income 37.2% | ||||||||
Inflation-Protected Bond 1.7% | ||||||||
Schwab U.S. TIPS ETF | 18,145,108 | 817,299 | — | — | (52,299 ) | 18,910,108 | 363,586 | 200,132 |
Intermediate-Term Bond 33.2% | ||||||||
Schwab U.S. Aggregate Bond ETF | 363,811,608 | 19,632,114 | (2,462,715 ) | (637,548 ) | (2,704,043 ) | 377,639,416 | 8,285,200 | 3,587,582 |
Treasury Bond 2.3% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 25,560,026 | 1,067,783 | — | — | (40,605 ) | 26,587,204 | 552,404 | 274,634 |
423,136,728 | ||||||||
Money Market Funds 0.9% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 10,117,413 | 134,859 | — | — | (13 ) | 10,252,259 | 10,250,209 | 130,362 |
Total Affiliated Underlying Funds (Cost $954,412,851) | $1,086,791,369 | $47,952,924 | ($14,432,089 ) | ($287,845 ) | $8,614,443 | $1,128,638,802 | $7,678,959 | |
Total Investments in Securities (Cost $954,412,851) | $1,128,638,802 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
TIPS — | Treasury Inflation Protected Securities |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
5
Schwab Capital TrustSchwab Target 2035 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS | ||||||||
U.S. Stocks 45.8% | ||||||||
Large-Cap 42.1% | ||||||||
Schwab U.S. Large-Cap ETF | $335,088,315 | $18,671,315 | ($7,218,346 ) | ($32,044 ) | $12,470,159 | $358,979,399 | 5,587,228 | $1,169,739 |
Small-Cap 3.7% | ||||||||
Schwab U.S. Small-Cap ETF | 28,708,693 | 3,420,422 | — | — | (1,024,122 ) | 31,104,993 | 655,532 | 100,786 |
390,084,392 | ||||||||
International Stocks 20.6% | ||||||||
Developed Markets 17.5% | ||||||||
Schwab International Equity ETF | 138,757,188 | 13,398,814 | (912,498 ) | 879 | (2,154,382 ) | 149,090,001 | 3,880,531 | 1,341,800 |
Emerging Markets 3.1% | ||||||||
Schwab Emerging Markets Equity ETF | 24,341,884 | 2,253,654 | (1,495,984 ) | (130,370 ) | 1,394,697 | 26,363,881 | 992,616 | 34,046 |
175,453,882 | ||||||||
Real Estate 5.0% | ||||||||
U.S. REITs 5.0% | ||||||||
Schwab U.S. REIT ETF | 39,711,449 | 4,485,397 | (712,128 ) | (164,389 ) | (342,413 ) | 42,977,916 | 2,152,124 | 404,168 |
Fixed Income 27.4% | ||||||||
Intermediate-Term Bond 26.3% | ||||||||
Schwab U.S. Aggregate Bond ETF | 208,928,780 | 18,609,122 | (1,475,905 ) | (375,271 ) | (1,514,578 ) | 224,172,148 | 4,918,213 | 2,080,311 |
Treasury Bond 1.1% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 8,595,409 | 1,160,515 | (438,999 ) | (31,076 ) | 17,151 | 9,303,000 | 193,289 | 93,434 |
233,475,148 | ||||||||
Money Market Funds 0.6% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 4,600,842 | 61,327 | — | — | (6 ) | 4,662,163 | 4,661,230 | 59,282 |
Total Affiliated Underlying Funds (Cost $706,703,552) | $788,732,560 | $62,060,566 | ($12,253,860 ) | ($732,271 ) | $8,846,506 | $846,653,501 | $5,283,566 | |
Total Investments in Securities (Cost $706,703,552) | $846,653,501 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
6
Schwab Capital TrustSchwab Target 2040 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS | ||||||||
U.S. Stocks 50.1% | ||||||||
Large-Cap 45.6% | ||||||||
Schwab U.S. Large-Cap ETF | $457,286,007 | $17,160,381 | ($9,123,032 ) | $100,883 | $16,731,405 | $482,155,644 | 7,504,368 | $1,568,033 |
Small-Cap 4.5% | ||||||||
Schwab U.S. Small-Cap ETF | 44,802,590 | 4,607,466 | — | — | (1,603,374 ) | 47,806,682 | 1,007,517 | 154,371 |
529,962,326 | ||||||||
International Stocks 23.7% | ||||||||
Developed Markets 19.7% | ||||||||
Schwab International Equity ETF | 196,414,779 | 16,566,580 | (1,962,542 ) | (16,822 ) | (3,008,871 ) | 207,993,124 | 5,413,668 | 1,874,631 |
Emerging Markets 4.0% | ||||||||
Schwab Emerging Markets Equity ETF | 40,780,063 | 1,803,354 | (1,605,352 ) | (186,544 ) | 2,272,624 | 43,064,145 | 1,621,391 | 55,614 |
251,057,269 | ||||||||
Real Estate 5.6% | ||||||||
U.S. REITs 5.6% | ||||||||
Schwab U.S. REIT ETF | 55,713,228 | 4,663,340 | (500,647 ) | (115,570 ) | (594,713 ) | 59,165,638 | 2,962,726 | 556,201 |
Fixed Income 19.6% | ||||||||
Intermediate-Term Bond 19.0% | ||||||||
Schwab U.S. Aggregate Bond ETF | 190,092,654 | 13,625,081 | (1,246,744 ) | (314,816 ) | (1,413,058 ) | 200,743,117 | 4,404,193 | 1,889,277 |
Treasury Bond 0.6% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 5,774,545 | 395,883 | — | — | (9,644 ) | 6,160,784 | 128,003 | 62,046 |
206,903,901 | ||||||||
Money Market Funds 0.4% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 3,785,967 | 50,465 | — | — | (5 ) | 3,836,427 | 3,835,659 | 48,782 |
Total Affiliated Underlying Funds (Cost $858,544,442) | $994,649,833 | $58,872,550 | ($14,438,317 ) | ($532,869 ) | $12,374,364 | $1,050,925,561 | $6,208,955 | |
Total Investments in Securities (Cost $858,544,442) | $1,050,925,561 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
7
Schwab Capital TrustSchwab Target 2045 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS | ||||||||
U.S. Stocks 53.6% | ||||||||
Large-Cap 48.3% | ||||||||
Schwab U.S. Large-Cap ETF | $296,620,859 | $16,531,628 | ($5,954,460 ) | ($28,877 ) | $11,020,623 | $318,189,773 | 4,952,370 | $1,038,306 |
Small-Cap 5.3% | ||||||||
Schwab U.S. Small-Cap ETF | 32,362,645 | 3,539,814 | — | — | (1,153,116 ) | 34,749,343 | 732,336 | 114,243 |
352,939,116 | ||||||||
International Stocks 26.6% | ||||||||
Developed Markets 21.5% | ||||||||
Schwab International Equity ETF | 131,657,616 | 12,845,343 | (597,325 ) | (5,882 ) | (2,057,223 ) | 141,842,529 | 3,691,893 | 1,280,133 |
Emerging Markets 5.1% | ||||||||
Schwab Emerging Markets Equity ETF | 30,955,743 | 2,182,284 | (1,242,098 ) | (171,953 ) | 1,741,571 | 33,465,547 | 1,259,998 | 43,218 |
175,308,076 | ||||||||
Real Estate 6.1% | ||||||||
U.S. REITs 6.1% | ||||||||
Schwab U.S. REIT ETF | 37,046,566 | 3,804,325 | (357,236 ) | (82,465 ) | (390,132 ) | 40,021,058 | 2,004,059 | 374,916 |
Fixed Income 13.0% | ||||||||
Intermediate-Term Bond 12.5% | ||||||||
Schwab U.S. Aggregate Bond ETF | 76,547,082 | 6,923,650 | (529,916 ) | (133,510 ) | (566,674 ) | 82,240,632 | 1,804,314 | 761,183 |
Treasury Bond 0.5% | ||||||||
Schwab Short-Term U.S. Treasury ETF | 3,063,119 | 427,151 | — | — | (3,636 ) | 3,486,634 | 72,442 | 32,912 |
85,727,266 | ||||||||
Money Market Funds 0.2% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 1,370,637 | 18,270 | — | — | (2 ) | 1,388,905 | 1,388,628 | 17,661 |
Total Affiliated Underlying Funds (Cost $526,561,966) | $609,624,267 | $46,272,465 | ($8,681,035 ) | ($422,687 ) | $8,591,411 | $655,384,421 | $3,662,572 | |
Total Investments in Securities (Cost $526,561,966) | $655,384,421 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
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Schwab Capital TrustSchwab Target 2050 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS | ||||||||
U.S. Stocks 55.7% | ||||||||
Large-Cap 49.8% | ||||||||
Schwab U.S. Large-Cap ETF | $399,980,299 | $20,332,744 | ($6,107,750 ) | $5,632 | $14,926,262 | $429,137,187 | 6,679,178 | $1,396,174 |
Small-Cap 5.9% | ||||||||
Schwab U.S. Small-Cap ETF | 47,432,794 | 5,522,541 | — | — | (1,658,706 ) | 51,296,629 | 1,081,067 | 165,456 |
480,433,816 | ||||||||
International Stocks 28.7% | ||||||||
Developed Markets 22.8% | ||||||||
Schwab International Equity ETF | 182,374,173 | 17,472,946 | (472,226 ) | (3,753 ) | (2,854,223 ) | 196,516,917 | 5,114,964 | 1,770,510 |
Emerging Markets 5.9% | ||||||||
Schwab Emerging Markets Equity ETF | 47,057,920 | 3,768,789 | (2,433,265 ) | (465,206 ) | 2,873,366 | 50,801,604 | 1,912,711 | 65,606 |
247,318,521 | ||||||||
Real Estate 6.4% | ||||||||
U.S. REITs 6.4% | ||||||||
Schwab U.S. REIT ETF | 50,999,020 | 5,362,028 | (434,487 ) | (100,298 ) | (551,500 ) | 55,274,763 | 2,767,890 | 513,418 |
Fixed Income 8.6% | ||||||||
Intermediate-Term Bond 8.6% | ||||||||
Schwab U.S. Aggregate Bond ETF | 68,575,788 | 6,166,207 | (436,974 ) | (110,063 ) | (506,228 ) | 73,688,730 | 1,616,690 | 683,719 |
Money Market Funds 0.1% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 1,057,347 | 14,093 | — | — | (1 ) | 1,071,439 | 1,071,225 | 13,624 |
Total Affiliated Underlying Funds (Cost $693,727,952) | $797,477,341 | $58,639,348 | ($9,884,702 ) | ($673,688 ) | $12,228,970 | $857,787,269 | $4,608,507 | |
Total Investments in Securities (Cost $693,727,952) | $857,787,269 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
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Schwab Capital TrustSchwab Target 2055 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS | ||||||||
U.S. Stocks 56.8% | ||||||||
Large-Cap 50.6% | ||||||||
Schwab U.S. Large-Cap ETF | $266,538,639 | $15,259,540 | ($4,829,033 ) | ($25,945 ) | $9,916,794 | $286,859,995 | 4,464,747 | $934,824 |
Small-Cap 6.2% | ||||||||
Schwab U.S. Small-Cap ETF | 32,994,050 | 3,776,588 | — | — | (1,173,743 ) | 35,596,895 | 750,198 | 115,933 |
322,456,890 | ||||||||
International Stocks 29.9% | ||||||||
Developed Markets 23.5% | ||||||||
Schwab International Equity ETF | 123,464,314 | 12,316,317 | (405,638 ) | (2,666 ) | (1,949,003 ) | 133,423,324 | 3,472,757 | 1,202,866 |
Emerging Markets 6.4% | ||||||||
Schwab Emerging Markets Equity ETF | 33,469,405 | 2,506,620 | (1,492,243 ) | (307,558 ) | 2,021,789 | 36,198,013 | 1,362,877 | 46,747 |
169,621,337 | ||||||||
Real Estate 6.6% | ||||||||
U.S. REITs 6.6% | ||||||||
Schwab U.S. REIT ETF | 34,398,959 | 3,713,112 | (280,733 ) | (64,805 ) | (375,005 ) | 37,391,528 | 1,872,385 | 351,353 |
Fixed Income 6.1% | ||||||||
Intermediate-Term Bond 6.1% | ||||||||
Schwab U.S. Aggregate Bond ETF | 31,948,242 | 2,766,670 | — | — | (285,375 ) | 34,429,537 | 755,365 | 318,833 |
Money Market Funds 0.0% | ||||||||
Schwab Variable Share Price Money Fund, Ultra Shares, 5.22% (b) | 72,125 | 962 | — | — | — | 73,087 | 73,072 | 929 |
Total Affiliated Underlying Funds (Cost $456,910,645) | $522,885,734 | $40,339,809 | ($7,007,647 ) | ($400,974 ) | $8,155,457 | $563,972,379 | $2,971,485 | |
Total Investments in Securities (Cost $456,910,645) | $563,972,379 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
(b) | The rate shown is the annualized 7-day yield. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
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Schwab Capital TrustSchwab Target 2060 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS | ||||||||
U.S. Stocks 57.8% | ||||||||
Large-Cap 51.2% | ||||||||
Schwab U.S. Large-Cap ETF | $313,537,112 | $14,885,500 | ($5,452,688 ) | $22,726 | $11,613,126 | $334,605,776 | 5,207,872 | $1,090,836 |
Small-Cap 6.6% | ||||||||
Schwab U.S. Small-Cap ETF | 40,036,502 | 4,511,617 | — | — | (1,412,131 ) | 43,135,988 | 909,083 | 139,549 |
377,741,764 | ||||||||
International Stocks 30.9% | ||||||||
Developed Markets 24.1% | ||||||||
Schwab International Equity ETF | 147,007,811 | 13,628,410 | (751,919 ) | (16,404 ) | (2,301,869 ) | 157,566,029 | 4,101,146 | 1,421,736 |
Emerging Markets 6.8% | ||||||||
Schwab Emerging Markets Equity ETF | 41,364,399 | 2,454,772 | (1,765,117 ) | (328,657 ) | 2,446,433 | 44,171,830 | 1,663,096 | 57,044 |
201,737,859 | ||||||||
Real Estate 6.7% | ||||||||
U.S. REITs 6.7% | ||||||||
Schwab U.S. REIT ETF | 40,840,555 | 4,036,542 | (327,407 ) | (75,579 ) | (444,375 ) | 44,029,736 | 2,204,794 | 413,206 |
Fixed Income 4.1% | ||||||||
Intermediate-Term Bond 4.1% | ||||||||
Schwab U.S. Aggregate Bond ETF | 25,057,488 | 1,945,381 | — | — | (220,562 ) | 26,782,307 | 587,589 | 249,612 |
Total Affiliated Underlying Funds (Cost $523,089,991) | $607,843,867 | $41,462,222 | ($8,297,131 ) | ($397,914 ) | $9,680,622 | $650,291,666 | $3,371,983 | |
Total Investments in Securities (Cost $523,089,991) | $650,291,666 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
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Schwab Capital TrustSchwab Target 2065 Index Fund
Portfolio Holdings as of June 30, 2024 (Unaudited)
SECURITY | VALUE AT 3/31/24 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 6/30/24 | BALANCE OF SHARES HELD AT 6/30/24 | DISTRIBUTIONS RECEIVED (a) |
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS | ||||||||
U.S. Stocks 58.5% | ||||||||
Large-Cap 51.7% | ||||||||
Schwab U.S. Large-Cap ETF | $56,385,916 | $9,185,533 | ($955,324 ) | ($5,087 ) | $2,330,651 | $66,941,689 | 1,041,894 | $217,799 |
Small-Cap 6.8% | ||||||||
Schwab U.S. Small-Cap ETF | 7,387,724 | 1,723,212 | — | — | (260,609 ) | 8,850,327 | 186,519 | 28,631 |
75,792,016 | ||||||||
International Stocks 31.7% | ||||||||
Developed Markets 24.6% | ||||||||
Schwab International Equity ETF | 26,722,262 | 5,776,454 | (211,428 ) | (1,991 ) | (445,260 ) | 31,840,037 | 828,736 | 286,338 |
Emerging Markets 7.1% | ||||||||
Schwab Emerging Markets Equity ETF | 7,735,034 | 1,424,590 | (361,728 ) | (77,623 ) | 489,035 | 9,209,308 | 346,736 | 11,893 |
41,049,345 | ||||||||
Real Estate 6.8% | ||||||||
U.S. REITs 6.8% | ||||||||
Schwab U.S. REIT ETF | 7,401,217 | 1,696,120 | (149,735 ) | (34,565 ) | (36,731 ) | 8,876,306 | 444,482 | 82,775 |
Fixed Income 2.5% | ||||||||
Intermediate-Term Bond 2.5% | ||||||||
Schwab U.S. Aggregate Bond ETF | 2,723,154 | 537,288 | — | — | (22,530 ) | 3,237,912 | 71,038 | 28,170 |
Total Affiliated Underlying Funds (Cost $113,933,045) | $108,355,307 | $20,343,197 | ($1,678,215 ) | ($119,266 ) | $2,054,556 | $128,955,579 | $655,606 | |
Total Investments in Securities (Cost $113,933,045) | $128,955,579 | |||||||
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. |
ETF — | Exchange-Traded Fund |
REIT — | Real Estate Investment Trust |
At June 30, 2024, all of the fund’s investment securities were classified as Level 1 (see notes to portfolio holdings for additional information).
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Schwab Target Index Funds
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 funds’ 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 funds’ 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.
● Mutual funds: Mutual funds are valued at their respective net asset values (NAVs).
● Securities for which no quoted value is available: The Valuation Designee has adopted procedures to fair value a 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 a 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 funds disclose the fair value of their 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 forward foreign currency exchange contracts, 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.
● 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 a 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 funds’ investments as of June 30, 2024, are disclosed in each fund’s Portfolio Holdings.
REG98260JUN24
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