Schwab Capital TrustSchwab International Opportunities Fund
Portfolio Holdings as of July 31, 2024 (Unaudited)
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 94.9% OF NET ASSETS | ||
Australia 4.4% | ||
AGL Energy Ltd. | 14,949 | 101,620 |
ALS Ltd. | 163,472 | 1,655,028 |
BHP Group Ltd. | 85,288 | 2,368,869 |
BlueScope Steel Ltd. | 9,426 | 136,876 |
Brambles Ltd. | 179,299 | 1,827,895 |
CAR Group Ltd. | 84,569 | 1,934,136 |
Charter Hall Group | 9,814 | 81,956 |
Cleanaway Waste Management Ltd. | 33,947 | 62,753 |
Cochlear Ltd. | 1,802 | 407,172 |
Coles Group Ltd. | 28,846 | 341,873 |
Computershare Ltd. | 34,461 | 621,539 |
Deterra Royalties Ltd. | 11,613 | 30,362 |
Downer EDI Ltd. | 13,233 | 43,193 |
EBOS Group Ltd. | 4,088 | 87,587 |
Flight Centre Travel Group Ltd. | 2,700 | 39,312 |
Fortescue Ltd. | 41,731 | 519,252 |
Glencore PLC | 983,266 | 5,455,983 |
Goodman Group | 55,557 | 1,282,594 |
Harvey Norman Holdings Ltd. | 10,475 | 32,898 |
IDP Education Ltd. | 5,650 | 55,487 |
IGO Ltd. | 17,129 | 62,728 |
Iluka Resources Ltd. | 11,773 | 46,837 |
Incitec Pivot Ltd. | 32,434 | 62,617 |
Insurance Australia Group Ltd. | 78,178 | 378,218 |
JB Hi-Fi Ltd. | 3,116 | 142,272 |
Lottery Corp. Ltd. | 40,251 | 131,160 |
Magellan Financial Group Ltd. | 8,083 | 54,268 |
Medibank Pvt Ltd. | 168,852 | 439,580 |
Megaport Ltd. * | 159,589 | 1,155,333 |
Metcash Ltd. | 18,646 | 44,666 |
New Hope Corp. Ltd. | 14,746 | 47,028 |
NEXTDC Ltd. * | 315,938 | 3,479,182 |
Northern Star Resources Ltd. | 431,724 | 4,006,886 |
Origin Energy Ltd. | 36,068 | 247,480 |
Orora Ltd. | 23,052 | 30,845 |
Paladin Energy Ltd. * | 409,363 | 3,070,917 |
Pilbara Minerals Ltd. | 86,414 | 167,026 |
Pro Medicus Ltd. | 18,710 | 1,765,273 |
Qantas Airways Ltd. * | 24,339 | 103,111 |
Qube Holdings Ltd. | 28,355 | 71,007 |
REA Group Ltd. | 1,506 | 202,481 |
Reece Ltd. | 4,685 | 84,899 |
Region RE Ltd. | 36,474 | 54,310 |
Rio Tinto Ltd. | 8,462 | 650,238 |
Rio Tinto PLC | 28,371 | 1,845,048 |
Santos Ltd. | 660,704 | 3,444,188 |
Seven Group Holdings Ltd. | 105,616 | 2,709,783 |
Star Entertainment Group Ltd. * | 30,008 | 11,469 |
Steadfast Group Ltd. | 41,365 | 175,590 |
Tabcorp Holdings Ltd. | 34,380 | 14,547 |
Telix Pharmaceuticals Ltd. * | 143,309 | 1,799,098 |
Transurban Group | 47,586 | 406,089 |
Wesfarmers Ltd. | 30,850 | 1,488,889 |
Whitehaven Coal Ltd. | 20,669 | 104,347 |
Woolworths Group Ltd. | 25,016 | 564,440 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Worley Ltd. | 7,327 | 72,676 |
Yancoal Australia Ltd. | 4,549 | 21,082 |
46,241,993 | ||
Austria 0.2% | ||
ANDRITZ AG | 1,633 | 104,610 |
Kontron AG | 45,288 | 959,526 |
Mondi PLC | 9,464 | 185,037 |
OMV AG | 4,003 | 167,486 |
Telekom Austria AG | 2,982 | 27,625 |
Verbund AG | 1,843 | 147,985 |
voestalpine AG | 2,431 | 62,348 |
1,654,617 | ||
Belgium 0.7% | ||
Anheuser-Busch InBev SA | 39,300 | 2,333,405 |
Elia Group SA | 635 | 65,951 |
Liberty Global Ltd., Class A * | 92,712 | 1,806,957 |
Liberty Global Ltd., Class C * | 141,784 | 2,851,276 |
Lotus Bakeries NV | 8 | 86,926 |
Syensqo SA | 1,609 | 142,280 |
Warehouses De Pauw CVA | 2,812 | 76,175 |
7,362,970 | ||
Brazil 1.7% | ||
Direcional Engenharia SA | 287,700 | 1,414,047 |
Embraer SA, ADR * | 114,072 | 3,543,076 |
ERO Copper Corp. * | 70,444 | 1,377,603 |
JBS SA * | 182,322 | 1,086,940 |
MercadoLibre, Inc. * | 5,931 | 9,898,246 |
Wheaton Precious Metals Corp. | 7,667 | 458,415 |
Yara International ASA | 4,940 | 140,723 |
17,919,050 | ||
Cambodia 0.0% | ||
NagaCorp Ltd. * | 26,000 | 12,530 |
Canada 5.5% | ||
Alamos Gold, Inc., Class A | 188,379 | 3,210,486 |
Alimentation Couche-Tard, Inc. | 21,070 | 1,298,858 |
Aritzia, Inc. * | 49,996 | 1,641,125 |
AtkinsRealis Group, Inc. | 77,205 | 3,326,081 |
BCE, Inc. | 6,234 | 210,276 |
Brookfield Asset Management Ltd., Class A | 16,522 | 721,121 |
Cameco Corp. | 47,376 | 2,155,134 |
Canadian National Railway Co. | 15,543 | 1,799,325 |
Canadian Natural Resources Ltd. | 56,388 | 2,002,057 |
Canadian Pacific Kansas City Ltd. | 15,229 | 1,277,089 |
Capstone Copper Corp. * | 309,658 | 2,081,357 |
Cargojet, Inc. | 14,591 | 1,378,412 |
Celestica, Inc. * | 54,040 | 2,833,858 |
Cenovus Energy, Inc. | 37,869 | 763,058 |
CGI, Inc. * | 3,994 | 455,420 |
Chartwell Retirement Residences | 123,658 | 1,227,041 |
Constellation Software, Inc. | 290 | 915,021 |
Descartes Systems Group, Inc. * | 26,096 | 2,654,112 |
1
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Dollarama, Inc. | 6,194 | 580,661 |
Element Fleet Management Corp. | 25,071 | 479,575 |
Energy Fuels, Inc. * | 143,400 | 815,946 |
FirstService Corp. | 12,841 | 2,241,525 |
Franco-Nevada Corp. | 2,865 | 369,203 |
Hammond Power Solutions, Inc. | 1,600 | 138,300 |
Hydro One Ltd. | 4,784 | 149,932 |
Imperial Oil Ltd. | 5,101 | 365,436 |
Loblaw Cos. Ltd. | 2,619 | 322,953 |
Lundin Gold, Inc. | 152,942 | 2,647,531 |
Magna International, Inc. | 5,577 | 247,494 |
Metro, Inc. | 4,227 | 251,725 |
Nutrien Ltd. (a) | 9,763 | 500,719 |
Nutrien Ltd. (a) | 19,038 | 974,746 |
Open Text Corp. | 106,251 | 3,349,179 |
Pan American Silver Corp. | 59,381 | 1,364,575 |
Primo Water Corp. | 77,056 | 1,689,838 |
Saputo, Inc. | 4,888 | 112,336 |
Shopify, Inc., Class A * | 31,489 | 1,927,127 |
Stantec, Inc. | 10,130 | 891,314 |
Suncor Energy, Inc. | 33,887 | 1,353,369 |
TELUS Corp. | 7,755 | 125,201 |
Thomson Reuters Corp. | 7,225 | 1,170,893 |
Tourmaline Oil Corp. | 6,850 | 301,407 |
Vermilion Energy, Inc. | 71,336 | 766,149 |
Waste Connections, Inc. | 4,118 | 732,390 |
Whitecap Resources, Inc. | 424,534 | 3,271,678 |
57,091,033 | ||
China 2.5% | ||
AAC Technologies Holdings, Inc. | 14,000 | 51,247 |
Alibaba Group Holding Ltd. | 394,340 | 3,880,393 |
Bosideng International Holdings Ltd. | 2,274,000 | 1,138,041 |
Budweiser Brewing Co. APAC Ltd. | 48,600 | 59,012 |
BYD Co. Ltd., H Shares | 26,500 | 784,526 |
Chow Tai Fook Jewellery Group Ltd. | 31,600 | 28,698 |
ESR Group Ltd. | 63,000 | 95,245 |
Kanzhun Ltd., ADR | 71,748 | 974,338 |
Lenovo Group Ltd. | 128,000 | 165,787 |
Meituan, B Shares * | 208,290 | 2,884,120 |
Nexteer Automotive Group Ltd. | 32,000 | 13,885 |
PDD Holdings, Inc., ADR * | 15,359 | 1,979,622 |
Prosus NV | 272,843 | 9,517,659 |
Silergy Corp. | 119,000 | 1,645,233 |
SITC International Holdings Co. Ltd. | 37,000 | 82,576 |
Tencent Holdings Ltd. | 55,400 | 2,556,514 |
Tongcheng Travel Holdings Ltd. | 186,800 | 325,229 |
Wilmar International Ltd. | 37,700 | 89,897 |
Xinyi Glass Holdings Ltd. | 43,839 | 46,310 |
26,318,332 | ||
Denmark 3.2% | ||
Ambu AS, Class B * | 116,570 | 2,367,111 |
AP Moller - Maersk AS, Class A | 81 | 131,579 |
AP Moller - Maersk AS, Class B | 137 | 226,644 |
Carlsberg AS, Class B | 2,742 | 331,116 |
DSV AS | 26,305 | 4,825,510 |
Genmab AS * | 7,298 | 2,061,478 |
H Lundbeck AS | 5,437 | 34,016 |
NKT AS * | 14,613 | 1,315,431 |
Novo Nordisk AS, Class B | 130,735 | 17,321,457 |
Novonesis (Novozymes) B, Class B | 7,232 | 460,369 |
Orsted AS * | 4,202 | 250,456 |
Pandora AS | 2,322 | 363,981 |
Rockwool AS, B Shares | 268 | 118,459 |
Royal Unibrew AS * | 26,444 | 2,076,203 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Svitzer Group AS * | 430 | 16,479 |
Zealand Pharma AS * | 12,440 | 1,675,932 |
33,576,221 | ||
Faeroe Islands 0.1% | ||
Bakkafrost P | 12,529 | 654,448 |
Finland 0.6% | ||
Elisa OYJ | 3,478 | 161,941 |
Kemira OYJ | 63,106 | 1,427,396 |
Kesko OYJ, B Shares | 4,807 | 86,952 |
Kone OYJ, B Shares | 10,082 | 514,833 |
Metso OYJ | 10,911 | 110,861 |
Neste OYJ | 10,992 | 221,850 |
Nokia OYJ | 85,325 | 335,319 |
Orion OYJ, B Shares | 3,207 | 147,404 |
UPM-Kymmene OYJ | 107,197 | 3,545,649 |
6,552,205 | ||
France 9.3% | ||
Accor SA | 69,011 | 2,655,759 |
Aeroports de Paris SA | 491 | 64,511 |
Air Liquide SA | 10,686 | 1,949,751 |
Airbus SE | 33,274 | 5,035,241 |
AXA SA | 80,074 | 2,811,382 |
BioMerieux | 1,031 | 108,798 |
BNP Paribas SA | 102,603 | 7,029,713 |
Bollore SE | 16,303 | 101,484 |
Bureau Veritas SA | 5,841 | 182,760 |
Capgemini SE | 13,958 | 2,770,990 |
Cie de Saint-Gobain SA | 41,427 | 3,553,846 |
Cie Generale des Etablissements Michelin SCA | 47,595 | 1,884,231 |
Danone SA | 50,172 | 3,259,426 |
Dassault Aviation SA | 500 | 100,667 |
Edenred SE | 94,344 | 3,928,368 |
Eiffage SA | 29,918 | 2,977,491 |
Elis SA | 164,619 | 3,806,870 |
Engie SA | 35,386 | 556,274 |
EssilorLuxottica SA | 4,943 | 1,131,155 |
Hermes International SCA | 2,409 | 5,264,471 |
Ipsen SA | 960 | 107,789 |
JCDecaux SE * | 1,170 | 24,392 |
Kering SA | 26,359 | 8,095,844 |
La Francaise des Jeux SAEM | 2,602 | 100,954 |
Legrand SA | 4,222 | 456,174 |
L'Oreal SA | 9,470 | 4,095,277 |
LVMH Moet Hennessy Louis Vuitton SE | 6,017 | 4,244,164 |
Publicis Groupe SA | 13,392 | 1,398,077 |
Remy Cointreau SA | 410 | 32,351 |
Rexel SA | 5,538 | 140,703 |
Safran SA | 6,979 | 1,533,235 |
Sanofi SA | 68,520 | 7,063,896 |
Sartorius Stedim Biotech | 422 | 84,210 |
Schneider Electric SE | 12,824 | 3,091,035 |
Societe Generale SA | 81,938 | 2,125,223 |
Sodexo SA | 14,024 | 1,328,175 |
SOITEC * | 461 | 59,437 |
SPIE SA | 55,773 | 2,155,899 |
Teleperformance SE | 1,160 | 149,333 |
Thales SA | 2,004 | 318,543 |
TotalEnergies SE | 97,893 | 6,604,478 |
Valeo SE | 3,566 | 40,749 |
Vinci SA | 8,845 | 1,009,373 |
2
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
VusionGroup | 8,472 | 1,234,738 |
Worldline SA * | 183,200 | 2,078,747 |
96,745,984 | ||
Germany 7.3% | ||
adidas AG | 8,010 | 2,007,284 |
Allianz SE | 14,675 | 4,133,440 |
BASF SE | 16,234 | 755,809 |
Bayer AG | 238,623 | 7,099,198 |
Bayerische Motoren Werke AG | 56,631 | 5,252,475 |
Beiersdorf AG | 2,696 | 391,316 |
Bilfinger SE | 41,118 | 2,305,291 |
BioNTech SE, ADR * | 10,286 | 886,653 |
Brenntag SE | 42,170 | 2,999,818 |
Carl Zeiss Meditec AG, Bearer Shares | 827 | 56,579 |
Continental AG | 92,327 | 5,659,996 |
Covestro AG * | 4,181 | 246,131 |
CTS Eventim AG & Co. KGaA | 21,408 | 1,885,697 |
Daimler Truck Holding AG | 80,831 | 3,120,800 |
Deutsche Lufthansa AG | 13,548 | 84,902 |
Deutsche Post AG | 21,773 | 971,196 |
Duerr AG | 34,083 | 749,642 |
DWS Group GmbH & Co. KGaA | 1,221 | 46,174 |
E.ON SE | 190,256 | 2,667,983 |
Evonik Industries AG | 3,866 | 78,293 |
Fielmann Group AG | 464 | 21,008 |
Fresenius Medical Care AG | 161,883 | 6,246,717 |
Fresenius SE & Co. KGaA * | 142,200 | 5,095,134 |
FUCHS SE | 1,104 | 38,295 |
GEA Group AG | 4,658 | 205,676 |
Heidelberg Materials AG | 2,401 | 250,134 |
Henkel AG & Co. KGaA | 20,858 | 1,616,138 |
HOCHTIEF AG | 408 | 48,508 |
KION Group AG | 54,044 | 2,137,431 |
Mercedes-Benz Group AG | 77,794 | 5,142,527 |
MTU Aero Engines AG | 1,126 | 318,842 |
Nemetschek SE | 1,479 | 141,268 |
Rational AG | 153 | 133,933 |
SAP SE | 22,495 | 4,755,898 |
Scout24 SE | 24,744 | 1,956,197 |
Siemens AG | 14,800 | 2,709,835 |
TeamViewer SE * | 75,442 | 1,017,481 |
thyssenkrupp AG | 239,500 | 917,045 |
Wacker Chemie AG | 316 | 31,584 |
Zalando SE * | 63,652 | 1,631,036 |
75,813,364 | ||
Greece 0.6% | ||
Jumbo SA | 82,408 | 2,208,246 |
National Bank of Greece SA | 452,702 | 3,973,387 |
6,181,633 | ||
Guernsey 0.2% | ||
Burford Capital Ltd. | 160,826 | 2,269,255 |
Hong Kong 0.8% | ||
ASMPT Ltd. | 5,800 | 60,642 |
Cathay Pacific Airways Ltd. | 15,000 | 15,671 |
CK Asset Holdings Ltd. | 38,000 | 145,201 |
CK Infrastructure Holdings Ltd. | 12,000 | 80,037 |
CLP Holdings Ltd. | 33,500 | 287,518 |
DFI Retail Group Holdings Ltd. | 5,300 | 9,269 |
Hong Kong & China Gas Co. Ltd. | 221,000 | 180,087 |
Hutchison Port Holdings Trust, Class U | 74,900 | 9,138 |
Jardine Matheson Holdings Ltd. | 3,400 | 119,778 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Johnson Electric Holdings Ltd. | 9,500 | 13,135 |
Link REIT | 70,300 | 296,597 |
Man Wah Holdings Ltd. | 40,800 | 24,064 |
NWS Holdings Ltd. | 24,000 | 21,495 |
Orient Overseas International Ltd. | 4,000 | 56,332 |
Power Assets Holdings Ltd. | 38,500 | 245,379 |
Prudential PLC | 582,400 | 5,255,803 |
Sino Land Co. Ltd. | 53,069 | 54,892 |
Sun Hung Kai Properties Ltd. | 23,500 | 203,475 |
Techtronic Industries Co. Ltd. | 22,500 | 288,151 |
United Energy Group Ltd. * | 168,000 | 7,203 |
Vitasoy International Holdings Ltd. | 22,000 | 15,783 |
VTech Holdings Ltd. | 4,500 | 29,606 |
WH Group Ltd. | 1,504,150 | 977,763 |
Yue Yuen Industrial Holdings Ltd. | 20,500 | 33,465 |
8,430,484 | ||
India 2.3% | ||
Amber Enterprises India Ltd. * | 29,243 | 1,517,576 |
Anant Raj Ltd. | 202,921 | 1,350,433 |
Axis Bank Ltd. | 85,032 | 1,187,838 |
Birlasoft Ltd. | 140,548 | 1,137,754 |
Honasa Consumer Ltd. * | 222,162 | 1,237,334 |
Kalyan Jewellers India Ltd. | 434,860 | 3,016,119 |
KEI Industries Ltd. | 41,464 | 2,151,033 |
Lemon Tree Hotels Ltd. * | 1,214,723 | 2,190,559 |
Max Financial Services Ltd. * | 126,143 | 1,677,704 |
Max Healthcare Institute Ltd. | 267,266 | 2,951,427 |
Phoenix Mills Ltd. | 26,504 | 1,140,600 |
Prestige Estates Projects Ltd. | 102,048 | 2,220,250 |
Rainbow Children's Medicare Ltd. | 80,402 | 1,138,818 |
Varun Beverages Ltd. | 68,241 | 1,287,481 |
24,204,926 | ||
Indonesia 0.4% | ||
Aspirasi Hidup Indonesia Tbk. PT | 23,514,400 | 1,157,460 |
Bank Mandiri Persero Tbk. PT | 3,048,000 | 1,202,098 |
Bank Rakyat Indonesia Persero Tbk. PT | 7,289,000 | 2,097,338 |
First Pacific Co. Ltd. | 44,000 | 19,584 |
4,476,480 | ||
Ireland 1.0% | ||
Bank of Ireland Group PLC | 193,627 | 2,192,813 |
CRH PLC | 15,140 | 1,287,764 |
Glanbia PLC | 125,728 | 2,515,918 |
James Hardie Industries PLC * | 10,741 | 385,856 |
Jazz Pharmaceuticals PLC * | 18,962 | 2,090,560 |
Kerry Group PLC, Class A | 2,519 | 235,516 |
Kingspan Group PLC | 2,869 | 268,436 |
Smurfit WestRock PLC * | 6,674 | 296,088 |
Smurfit WestRock PLC | 27,700 | 1,242,068 |
10,515,019 | ||
Israel 1.4% | ||
Airport City Ltd. * | 1,274 | 17,606 |
Amot Investments Ltd. | 4,605 | 18,665 |
Azrieli Group Ltd. | 715 | 43,885 |
Bank Hapoalim BM | 190,613 | 1,749,129 |
Bezeq The Israeli Telecommunication Corp. Ltd. | 55,141 | 62,503 |
Big Shopping Centers Ltd. * | 217 | 21,193 |
Camtek Ltd. | 16,269 | 1,708,245 |
Check Point Software Technologies Ltd. * | 22,937 | 4,207,793 |
CyberArk Software Ltd. * | 7,772 | 1,992,585 |
Delek Group Ltd. | 224 | 23,184 |
3
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Elbit Systems Ltd. | 594 | 106,317 |
Electra Ltd. | 42 | 15,393 |
Fattal Holdings 1998 Ltd. * | 161 | 17,032 |
ICL Group Ltd. | 22,046 | 92,286 |
Israel Corp. Ltd. | 100 | 20,994 |
JFrog Ltd. * | 50,015 | 1,928,578 |
Melisron Ltd. | 643 | 45,071 |
Mivne Real Estate KD Ltd. | 18,607 | 42,915 |
Nice Ltd. * | 1,784 | 321,993 |
Nova Ltd. *(a) | 805 | 161,750 |
Nova Ltd. *(a) | 9,523 | 1,966,214 |
Strauss Group Ltd. | 1,100 | 16,033 |
Teva Pharmaceutical Industries Ltd. * | 22,210 | 381,811 |
Tower Semiconductor Ltd. * | 3,282 | 132,248 |
15,093,423 | ||
Italy 2.0% | ||
A2A SpA | 44,431 | 94,108 |
Buzzi SpA | 40,963 | 1,605,915 |
Coca-Cola HBC AG * | 3,129 | 114,177 |
De' Longhi SpA | 25,476 | 803,011 |
Enel SpA | 175,129 | 1,250,276 |
Eni SpA | 58,837 | 941,380 |
Ferrari NV | 17,438 | 7,177,003 |
Hera SpA | 20,682 | 75,675 |
Interpump Group SpA | 1,468 | 63,665 |
Intesa Sanpaolo SpA | 996,200 | 4,045,401 |
Moncler SpA | 5,505 | 328,241 |
PRADA SpA | 9,800 | 70,652 |
Prysmian SpA | 5,371 | 369,227 |
Reply SpA | 482 | 68,418 |
Ryanair Holdings PLC, ADR | 31,921 | 3,233,597 |
Terna - Rete Elettrica Nazionale | 26,399 | 219,831 |
20,460,577 | ||
Japan 14.3% | ||
ABC-Mart, Inc. | 2,100 | 41,395 |
Acom Co. Ltd. | 12,600 | 36,282 |
Advantest Corp. | 17,100 | 756,869 |
AGC, Inc. | 2,900 | 103,790 |
Aica Kogyo Co. Ltd. | 1,200 | 27,772 |
Air Water, Inc. | 3,000 | 44,073 |
Aisin Corp. | 3,100 | 104,582 |
Amada Co. Ltd. | 139,400 | 1,637,103 |
Amano Corp. | 2,000 | 50,704 |
Amvis Holdings, Inc. | 35,500 | 618,066 |
ANA Holdings, Inc. | 3,700 | 70,773 |
Anritsu Corp. | 3,500 | 30,039 |
As One Corp. | 1,000 | 21,546 |
Asahi Intecc Co. Ltd. | 3,500 | 55,485 |
Asics Corp. | 191,200 | 3,120,447 |
Astellas Pharma, Inc. | 35,200 | 408,248 |
Azbil Corp. | 3,500 | 101,707 |
Bandai Namco Holdings, Inc. | 16,100 | 342,137 |
BayCurrent Consulting, Inc. | 107,621 | 3,313,071 |
Bridgestone Corp. | 10,500 | 428,123 |
Calbee, Inc. | 2,000 | 45,909 |
Canon Marketing Japan, Inc. | 1,000 | 30,966 |
Canon, Inc. | 14,700 | 460,135 |
Capcom Co. Ltd. | 10,400 | 222,185 |
Chubu Electric Power Co., Inc. | 16,200 | 204,258 |
Chugai Pharmaceutical Co. Ltd. | 13,400 | 584,809 |
Chugoku Electric Power Co., Inc. | 5,600 | 40,727 |
Coca-Cola Bottlers Japan Holdings, Inc. | 102,400 | 1,527,063 |
COMSYS Holdings Corp. | 2,800 | 60,279 |
Cosmo Energy Holdings Co. Ltd. | 1,500 | 80,500 |
Cosmos Pharmaceutical Corp. | 300 | 26,973 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
CyberAgent, Inc. | 303,000 | 1,959,024 |
Dai Nippon Printing Co. Ltd. | 4,300 | 141,462 |
Daicel Corp. | 4,000 | 38,883 |
Daifuku Co. Ltd. | 7,726 | 139,827 |
Daiichikosho Co. Ltd. | 2,000 | 24,140 |
Daito Trust Construction Co. Ltd. | 1,800 | 216,468 |
Denso Corp. | 44,700 | 733,036 |
Dentsu Soken, Inc. | 500 | 19,008 |
Descente Ltd. | 1,000 | 26,406 |
Disco Corp. | 2,100 | 702,233 |
Electric Power Development Co. Ltd. | 3,600 | 59,511 |
ENEOS Holdings, Inc. | 73,400 | 384,582 |
Fancl Corp. | 2,000 | 38,735 |
FANUC Corp. | 28,300 | 839,003 |
Food & Life Cos. Ltd. | 1,700 | 29,791 |
FP Partner, Inc. | 36,700 | 758,431 |
Fuji Electric Co. Ltd. | 2,900 | 163,116 |
Fujikura Ltd. | 5,500 | 110,185 |
Fujitsu Ltd. | 186,100 | 3,379,605 |
Furukawa Electric Co. Ltd. | 59,600 | 1,630,462 |
GMO Payment Gateway, Inc. | 16,300 | 934,386 |
Goldwin, Inc. | 1,000 | 61,588 |
GS Yuasa Corp. | 1,100 | 19,573 |
Hakuhodo DY Holdings, Inc. | 4,800 | 39,198 |
Hamamatsu Photonics KK | 2,800 | 80,637 |
Harmonic Drive Systems, Inc. | 1,000 | 27,482 |
Hirose Electric Co. Ltd. | 800 | 100,163 |
Hitachi Ltd. | 178,790 | 3,863,055 |
Honda Motor Co. Ltd. | 82,100 | 877,203 |
Horiba Ltd. | 24,000 | 1,899,485 |
Hoshizaki Corp. | 43,800 | 1,379,429 |
House Foods Group, Inc. | 1,500 | 29,591 |
Hoya Corp. | 8,300 | 1,039,996 |
Idemitsu Kosan Co. Ltd. | 30,500 | 200,883 |
INFRONEER Holdings, Inc. | 3,800 | 32,952 |
Inpex Corp. | 25,200 | 389,125 |
Internet Initiative Japan, Inc. | 2,800 | 47,352 |
Isetan Mitsukoshi Holdings Ltd. | 6,500 | 129,319 |
Isuzu Motors Ltd. | 12,600 | 170,442 |
ITOCHU Corp. | 103,320 | 5,298,604 |
Iwatani Corp. | 1,334 | 84,657 |
Japan Airlines Co. Ltd. | 3,900 | 63,191 |
Japan Airport Terminal Co. Ltd. | 900 | 32,854 |
Japan Aviation Electronics Industry Ltd. | 700 | 11,731 |
Jeol Ltd. | 800 | 32,210 |
JFE Holdings, Inc. | 10,700 | 156,737 |
JGC Holdings Corp. | 7,000 | 59,449 |
JTEKT Corp. | 4,100 | 29,472 |
Justsystems Corp. | 22,265 | 471,045 |
Kakaku.com, Inc. | 3,600 | 50,326 |
Kamigumi Co. Ltd. | 2,800 | 63,856 |
Kandenko Co. Ltd. | 2,600 | 35,116 |
Kansai Electric Power Co., Inc. | 11,900 | 203,678 |
Kansai Paint Co. Ltd. | 4,800 | 78,832 |
Kawasaki Kisen Kaisha Ltd. | 17,100 | 262,744 |
KDDI Corp. | 32,500 | 977,925 |
Kewpie Corp. | 1,800 | 46,236 |
Keyence Corp. | 5,400 | 2,361,205 |
Kikkoman Corp. | 22,000 | 275,307 |
Kinden Corp. | 99,127 | 2,091,388 |
Kintetsu Group Holdings Co. Ltd. | 4,700 | 108,853 |
Kobayashi Pharmaceutical Co. Ltd. | 1,500 | 60,338 |
Kobe Bussan Co. Ltd. | 2,200 | 59,067 |
Koei Tecmo Holdings Co. Ltd. | 3,900 | 38,114 |
Koito Manufacturing Co. Ltd. | 6,200 | 91,675 |
Kokuyo Co. Ltd. | 1,300 | 21,814 |
Komatsu Ltd. | 163,500 | 4,647,908 |
Konami Group Corp. | 1,700 | 127,907 |
Kose Corp. | 700 | 46,778 |
4
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Kotobuki Spirits Co. Ltd. | 3,000 | 38,526 |
Kurita Water Industries Ltd. | 2,500 | 106,697 |
Kyoritsu Maintenance Co. Ltd. | 33,600 | 652,310 |
Kyowa Kirin Co. Ltd. | 4,700 | 99,135 |
Kyudenko Corp. | 700 | 32,243 |
Kyushu Electric Power Co., Inc. | 7,900 | 83,389 |
Lasertec Corp. | 1,800 | 319,380 |
Lion Corp. | 5,200 | 44,999 |
M&A Research Institute Holdings, Inc. * | 51,300 | 1,033,343 |
M3, Inc. | 79,500 | 742,312 |
Mabuchi Motor Co. Ltd. | 2,600 | 39,968 |
Macnica Holdings, Inc. | 62,301 | 2,514,349 |
Mani, Inc. | 1,200 | 16,879 |
Marubeni Corp. | 28,700 | 540,127 |
Maruichi Steel Tube Ltd. | 1,700 | 41,428 |
MatsukiyoCocokara & Co. | 189,703 | 3,093,656 |
Mazda Motor Corp. | 9,900 | 85,392 |
McDonald's Holdings Co. Japan Ltd. | 2,400 | 99,430 |
Medipal Holdings Corp. | 3,100 | 55,956 |
MEIJI Holdings Co. Ltd. | 6,100 | 154,052 |
Micronics Japan Co. Ltd. | 22,100 | 878,170 |
MISUMI Group, Inc. | 113,000 | 2,079,498 |
Mitsubishi Chemical Group Corp. | 23,100 | 136,434 |
Mitsubishi Corp. | 74,700 | 1,542,708 |
Mitsubishi Electric Corp. | 31,300 | 521,513 |
Mitsubishi Gas Chemical Co., Inc. | 3,200 | 60,496 |
Mitsubishi Logistics Corp. | 1,100 | 38,477 |
Mitsubishi Motors Corp. | 12,600 | 35,919 |
Mitsubishi UFJ Financial Group, Inc. | 432,844 | 4,999,500 |
Mitsui & Co. Ltd. | 63,700 | 1,478,088 |
Mitsui Chemicals, Inc. | 2,900 | 83,845 |
Mitsui Mining & Smelting Co. Ltd. | 800 | 26,671 |
Mitsui OSK Lines Ltd. | 7,100 | 225,518 |
Miura Co. Ltd. | 73,100 | 1,697,870 |
Money Forward, Inc. * | 33,500 | 1,119,433 |
MonotaRO Co. Ltd. | 6,900 | 97,540 |
Murata Manufacturing Co. Ltd. | 26,500 | 589,571 |
Nabtesco Corp. | 1,900 | 37,614 |
Nagase & Co. Ltd. | 1,600 | 35,150 |
NET One Systems Co. Ltd. | 1,800 | 36,371 |
Nexon Co. Ltd. | 12,000 | 258,464 |
NGK Insulators Ltd. | 4,600 | 62,169 |
NHK Spring Co. Ltd. | 2,500 | 27,494 |
Nifco, Inc. | 1,900 | 48,175 |
Nihon M&A Center Holdings, Inc. | 17,200 | 81,179 |
Nintendo Co. Ltd. | 29,500 | 1,630,122 |
Nippon Kayaku Co. Ltd. | 4,600 | 38,468 |
Nippon Sanso Holdings Corp. | 2,700 | 88,241 |
Nippon Shinyaku Co. Ltd. | 800 | 18,292 |
Nippon Shokubai Co. Ltd. | 3,600 | 39,035 |
Nippon Steel Corp. | 15,500 | 336,542 |
Nippon Telegraph & Telephone Corp. | 464,500 | 495,024 |
Nippon Yusen KK | 12,600 | 406,021 |
Nishi-Nippon Railroad Co. Ltd. | 1,100 | 18,265 |
Nissan Chemical Corp. | 4,014 | 129,516 |
Nisshin Seifun Group, Inc. | 4,000 | 49,498 |
Nissin Foods Holdings Co. Ltd. | 5,100 | 151,637 |
Niterra Co. Ltd. | 4,100 | 121,435 |
Nitori Holdings Co. Ltd. | 1,400 | 171,214 |
Nitto Denko Corp. | 4,000 | 347,334 |
Noevir Holdings Co. Ltd. | 400 | 15,466 |
NOF Corp. | 6,100 | 87,416 |
NOK Corp. | 1,900 | 27,772 |
NS Solutions Corp. | 1,200 | 27,519 |
NSK Ltd. | 7,200 | 37,749 |
Obayashi Corp. | 15,900 | 208,756 |
OBIC Business Consultants Co. Ltd. | 600 | 25,394 |
Obic Co. Ltd. | 1,700 | 259,221 |
OKUMA Corp. | 900 | 44,955 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Omron Corp. | 3,100 | 114,991 |
Ono Pharmaceutical Co. Ltd. | 8,600 | 126,870 |
Open House Group Co. Ltd. | 2,200 | 77,921 |
Oracle Corp. | 900 | 73,466 |
Oriental Land Co. Ltd. | 24,800 | 710,012 |
Osaka Gas Co. Ltd. | 7,400 | 167,493 |
OSG Corp. | 1,700 | 23,454 |
Otsuka Corp. | 166,814 | 3,697,896 |
PAL GROUP Holdings Co. Ltd. | 72,300 | 992,304 |
PALTAC Corp. | 600 | 18,406 |
Panasonic Holdings Corp. | 34,000 | 278,500 |
Persol Holdings Co. Ltd. | 51,000 | 87,470 |
Pigeon Corp. | 2,400 | 24,420 |
Pola Orbis Holdings, Inc. | 1,800 | 16,976 |
Rakus Co. Ltd. | 3,100 | 43,432 |
Rakuten Bank Ltd. * | 69,300 | 1,544,337 |
Recruit Holdings Co. Ltd. | 39,900 | 2,287,997 |
Relo Group, Inc. | 3,200 | 38,242 |
Resonac Holdings Corp. | 3,600 | 89,373 |
Resorttrust, Inc. | 900 | 15,192 |
Rinnai Corp. | 2,600 | 63,929 |
Rohm Co. Ltd. | 5,600 | 76,352 |
Rohto Pharmaceutical Co. Ltd. | 3,300 | 77,513 |
Ryohin Keikaku Co. Ltd. | 118,000 | 2,225,217 |
Sankyo Co. Ltd. | 279,120 | 3,099,341 |
Sankyu, Inc. | 1,000 | 34,158 |
Sanrio Co. Ltd. | 121,832 | 2,586,653 |
Santen Pharmaceutical Co. Ltd. | 215,600 | 2,587,455 |
Sanwa Holdings Corp. | 70,916 | 1,519,037 |
SCREEN Holdings Co. Ltd. | 1,600 | 135,584 |
Secom Co. Ltd. | 5,100 | 325,649 |
Sega Sammy Holdings, Inc. | 4,600 | 74,492 |
Seino Holdings Co. Ltd. | 3,600 | 56,343 |
Sekisui Chemical Co. Ltd. | 6,700 | 101,090 |
SG Holdings Co. Ltd. | 12,300 | 125,074 |
SHIFT, Inc. * | 300 | 23,045 |
Shikoku Electric Power Co., Inc. | 2,700 | 23,548 |
Shimadzu Corp. | 7,300 | 215,308 |
Shimamura Co. Ltd. | 46,010 | 2,254,993 |
Shimano, Inc. | 2,200 | 390,289 |
Shimizu Corp. | 9,800 | 61,592 |
Shin-Etsu Chemical Co. Ltd. | 60,000 | 2,665,840 |
Shinko Electric Industries Co. Ltd. | 1,400 | 53,248 |
Shionogi & Co. Ltd. | 6,600 | 290,328 |
Ship Healthcare Holdings, Inc. | 104,395 | 1,593,549 |
SHO-BOND Holdings Co. Ltd. | 1,000 | 38,513 |
SMC Corp. | 1,500 | 729,848 |
SMS Co. Ltd. | 1,400 | 20,406 |
Socionext, Inc. | 53,200 | 1,074,301 |
Sohgo Security Services Co. Ltd. | 6,000 | 38,378 |
Sojitz Corp. | 3,900 | 92,247 |
Square Enix Holdings Co. Ltd. | 2,300 | 77,675 |
Stanley Electric Co. Ltd. | 3,900 | 76,572 |
Subaru Corp. | 17,800 | 342,232 |
Sugi Holdings Co. Ltd. | 2,400 | 41,470 |
SUMCO Corp. | 7,200 | 118,371 |
Sumitomo Bakelite Co. Ltd. | 1,200 | 33,782 |
Sumitomo Chemical Co. Ltd. | 24,500 | 62,805 |
Sumitomo Corp. | 44,800 | 1,113,170 |
Sumitomo Electric Industries Ltd. | 14,300 | 216,317 |
Sundrug Co. Ltd. | 1,100 | 30,547 |
Suntory Beverage & Food Ltd. | 43,054 | 1,546,334 |
Suzuken Co. Ltd. | 34,200 | 1,246,378 |
Suzuki Motor Corp. | 38,100 | 437,852 |
Sysmex Corp. | 9,000 | 147,341 |
Taiheiyo Cement Corp. | 92,400 | 2,523,726 |
Takara Holdings, Inc. | 3,500 | 26,554 |
Takeda Pharmaceutical Co. Ltd. | 32,443 | 910,813 |
TBS Holdings, Inc. | 64,300 | 1,815,972 |
5
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
TechnoPro Holdings, Inc. | 2,300 | 44,227 |
THK Co. Ltd. | 2,200 | 41,536 |
TIS, Inc. | 5,500 | 117,818 |
Toei Animation Co. Ltd. | 1,000 | 15,508 |
Toho Co. Ltd. | 3,000 | 107,737 |
Toho Gas Co. Ltd. | 2,400 | 74,127 |
Tohoku Electric Power Co., Inc. | 10,300 | 87,577 |
Tokai Carbon Co. Ltd. | 3,300 | 21,148 |
Tokyo Electric Power Co. Holdings, Inc. * | 28,700 | 143,751 |
Tokyo Electron Ltd. | 11,100 | 2,322,646 |
Tokyo Gas Co. Ltd. | 12,100 | 265,106 |
Tokyo Ohka Kogyo Co. Ltd. | 72,500 | 1,866,137 |
TOPPAN Holdings, Inc. | 145,989 | 4,129,466 |
Toyo Suisan Kaisha Ltd. | 35,600 | 2,390,395 |
Toyo Tire Corp. | 78,500 | 1,280,794 |
Toyoda Gosei Co. Ltd. | 1,300 | 23,736 |
Toyota Boshoku Corp. | 1,300 | 17,518 |
Toyota Tsusho Corp. | 16,200 | 323,887 |
Trend Micro, Inc. | 2,400 | 115,038 |
TS Tech Co. Ltd. | 2,900 | 38,457 |
U-Next Holdings Co. Ltd. | 43,100 | 1,484,307 |
Unicharm Corp. | 9,500 | 318,256 |
USS Co. Ltd. | 254,252 | 2,293,228 |
WealthNavi, Inc. * | 28,000 | 255,630 |
West Japan Railway Co. | 7,400 | 145,684 |
Workman Co. Ltd. | 1,200 | 34,302 |
Yakult Honsha Co. Ltd. | 6,000 | 123,032 |
Yamato Holdings Co. Ltd. | 8,800 | 106,877 |
Yamato Kogyo Co. Ltd. | 1,000 | 52,847 |
Yokogawa Electric Corp. | 53,500 | 1,354,205 |
Zenkoku Hosho Co. Ltd. | 2,500 | 103,411 |
Zensho Holdings Co. Ltd. | 1,900 | 77,337 |
Zeon Corp. | 2,300 | 20,314 |
ZOZO, Inc. | 2,800 | 81,970 |
149,695,122 | ||
Jersey 0.2% | ||
Amcor PLC | 26,908 | 285,726 |
Arcadium Lithium PLC * | 185,318 | 589,311 |
Experian PLC | 20,492 | 966,813 |
Ferguson PLC | 3,576 | 789,728 |
2,631,578 | ||
Luxembourg 1.0% | ||
ArcelorMittal SA | 14,159 | 322,410 |
Eurofins Scientific SE | 53,327 | 3,157,165 |
L'Occitane International SA | 10,250 | 44,409 |
RTL Group SA | 1,131 | 35,620 |
Spotify Technology SA * | 20,472 | 7,041,140 |
Tenaris SA | 13,902 | 220,580 |
10,821,324 | ||
Mexico 0.5% | ||
BBB Foods, Inc., Class A * | 79,543 | 2,159,592 |
Vista Energy SAB de CV, ADR * | 78,982 | 3,558,929 |
5,718,521 | ||
Netherlands 6.5% | ||
Aalberts NV | 19,839 | 758,596 |
Adyen NV * | 5,415 | 6,623,834 |
Akzo Nobel NV | 46,500 | 2,875,198 |
ASM International NV | 1,084 | 745,815 |
ASML Holding NV | 21,934 | 20,424,311 |
ASR Nederland NV | 79,986 | 4,018,676 |
BE Semiconductor Industries NV | 8,760 | 1,128,504 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
CNH Industrial NV | 650,492 | 6,927,740 |
CTP NV | 2,646 | 46,358 |
EXOR NV | 29,838 | 3,058,765 |
Fugro NV | 92,893 | 2,480,984 |
Heineken Holding NV | 2,182 | 160,793 |
Heineken NV | 28,191 | 2,501,690 |
IMCD NV | 1,371 | 197,141 |
ING Groep NV | 209,783 | 3,807,759 |
JDE Peet's NV | 2,549 | 56,054 |
Koninklijke Ahold Delhaize NV | 186,780 | 6,017,153 |
Koninklijke KPN NV | 56,658 | 223,243 |
OCI NV | 3,030 | 73,024 |
Randstad NV | 3,313 | 161,360 |
Redcare Pharmacy NV * | 18,867 | 2,824,455 |
Stellantis NV | 54,959 | 915,840 |
Universal Music Group NV | 20,388 | 485,733 |
Wolters Kluwer NV | 6,308 | 1,056,018 |
67,569,044 | ||
New Zealand 0.1% | ||
a2 Milk Co. Ltd. * | 21,909 | 103,400 |
Air New Zealand Ltd. | 44,364 | 15,314 |
Fisher & Paykel Healthcare Corp. Ltd. | 16,633 | 321,097 |
Mainfreight Ltd. | 2,085 | 92,563 |
Mercury NZ Ltd. | 12,904 | 52,837 |
Meridian Energy Ltd. | 19,055 | 73,714 |
SKYCITY Entertainment Group Ltd. | 17,073 | 15,824 |
Spark New Zealand Ltd. | 40,644 | 104,454 |
779,203 | ||
Norway 0.4% | ||
Aker ASA, A Shares | 1,472 | 86,350 |
AutoStore Holdings Ltd. * | 12,870 | 16,222 |
Equinor ASA | 28,135 | 745,020 |
Norsk Hydro ASA | 38,219 | 211,995 |
Salmar ASA | 27,743 | 1,596,188 |
Schibsted ASA, A Shares | 865 | 24,862 |
Schibsted ASA, B Shares | 1,613 | 43,849 |
Seadrill Ltd. * | 30,953 | 1,702,725 |
TOMRA Systems ASA | 3,593 | 59,225 |
Var Energi ASA | 10,818 | 34,462 |
4,520,898 | ||
Poland 0.3% | ||
Dino Polska SA * | 1,423 | 126,371 |
InPost SA * | 155,819 | 2,699,647 |
2,826,018 | ||
Portugal 0.1% | ||
EDP SA | 57,554 | 237,207 |
Galp Energia SGPS SA | 14,223 | 299,059 |
Jeronimo Martins SGPS SA | 7,330 | 128,116 |
664,382 | ||
Republic of Korea 2.9% | ||
BGF retail Co. Ltd. | 224 | 16,919 |
Cheil Worldwide, Inc. | 2,093 | 27,100 |
CosmoAM&T Co. Ltd. * | 381 | 36,272 |
Coupang, Inc., Class A * | 126,527 | 2,625,435 |
Delivery Hero SE * | 84,904 | 1,888,960 |
Doosan Bobcat, Inc. | 1,263 | 38,224 |
Douzone Bizon Co. Ltd. | 27,471 | 1,230,398 |
E-MART, Inc. | 259 | 11,419 |
Eugene Technology Co. Ltd. | 49,718 | 1,672,006 |
6
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
F&F Co. Ltd. | 548 | 23,117 |
GS Holdings Corp. | 1,127 | 40,346 |
GS Retail Co. Ltd. | 725 | 11,234 |
Hankook Tire & Technology Co. Ltd. | 1,568 | 51,204 |
Hanmi Pharm Co. Ltd. | 139 | 29,374 |
Hanwha Aerospace Co. Ltd. | 565 | 118,551 |
HD Hyundai Infracore Co. Ltd. * | 2,184 | 12,723 |
HD HYUNDAI MIPO * | 549 | 47,230 |
HMM Co. Ltd. | 7,851 | 104,423 |
Hotel Shilla Co. Ltd. | 821 | 29,967 |
HYBE Co. Ltd. | 319 | 41,034 |
Hyundai Engineering & Construction Co. Ltd. | 1,199 | 29,295 |
Hyundai Glovis Co. Ltd. | 1,012 | 90,076 |
Hyundai Mobis Co. Ltd. | 1,526 | 246,892 |
Hyundai Wia Corp. | 276 | 10,610 |
Kangwon Land, Inc. | 3,463 | 36,513 |
KEPCO Plant Service & Engineering Co. Ltd. | 654 | 18,769 |
Kia Corp. | 7,252 | 595,075 |
Korea Aerospace Industries Ltd. | 2,148 | 89,274 |
Korean Air Lines Co. Ltd. | 3,906 | 60,705 |
Krafton, Inc. * | 549 | 118,375 |
KT&G Corp. | 3,079 | 209,901 |
Kumho Petrochemical Co. Ltd. | 14,626 | 1,483,544 |
LG Corp. | 1,861 | 118,680 |
LG Electronics, Inc. | 1,988 | 151,388 |
LG H&H Co. Ltd. | 261 | 67,143 |
LG Innotek Co. Ltd. | 286 | 53,715 |
LG Uplus Corp. | 3,806 | 27,837 |
LOTTE Fine Chemical Co. Ltd. | 408 | 13,856 |
NAVER Corp. | 27,935 | 3,562,897 |
NCSoft Corp. | 485 | 62,234 |
NongShim Co. Ltd. | 97 | 34,129 |
OCI Holdings Co. Ltd. | 297 | 15,971 |
Orion Corp. | 618 | 39,602 |
Pan Ocean Co. Ltd. | 6,331 | 17,890 |
S-1 Corp. | 463 | 19,092 |
Samsung C&T Corp. | 2,245 | 255,710 |
Samsung E&A Co. Ltd. * | 4,726 | 98,716 |
Samsung Electronics Co. Ltd. | 180,702 | 11,142,486 |
Samsung SDI Co. Ltd. | 1,355 | 318,600 |
Samsung SDS Co. Ltd. | 1,034 | 111,890 |
Shinsegae, Inc. | 119 | 13,196 |
S-Oil Corp. | 689 | 33,990 |
Soop Co. Ltd. | 17,925 | 1,353,865 |
Youngone Corp. | 40,923 | 1,163,119 |
Yuhan Corp. | 1,578 | 108,724 |
29,829,695 | ||
Singapore 0.8% | ||
CapitaLand Ascendas REIT | 67,600 | 138,009 |
City Developments Ltd. | 10,500 | 41,860 |
ComfortDelGro Corp. Ltd. | 53,500 | 56,128 |
DBS Group Holdings Ltd. | 129,236 | 3,541,507 |
Frasers Logistics & Commercial Trust | 85,800 | 63,778 |
Genting Singapore Ltd. | 150,600 | 95,699 |
Jardine Cycle & Carriage Ltd. | 2,500 | 48,680 |
Keppel DC REIT | 29,800 | 45,245 |
Keppel REIT | 48,800 | 31,988 |
Mapletree Industrial Trust | 29,400 | 51,012 |
Mapletree Logistics Trust | 58,500 | 56,717 |
Mapletree Pan Asia Commercial Trust | 36,400 | 35,010 |
Netlink NBN Trust | 43,900 | 27,916 |
Olam Group Ltd. | 19,600 | 16,996 |
SATS Ltd. | 214,600 | 527,556 |
Seatrium Ltd. * | 28,215 | 35,529 |
Singapore Airlines Ltd. | 33,900 | 177,158 |
Singapore Exchange Ltd. | 48,900 | 360,535 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Singapore Telecommunications Ltd. | 127,600 | 295,607 |
STMicroelectronics NV | 17,021 | 562,762 |
Suntec Real Estate Investment Trust | 36,200 | 32,034 |
Venture Corp. Ltd. | 207,136 | 2,344,856 |
8,586,582 | ||
South Africa 0.4% | ||
Anglo American PLC | 19,152 | 580,618 |
Aspen Pharmacare Holdings Ltd. | 201,632 | 2,788,362 |
Impala Platinum Holdings Ltd. | 73,465 | 377,405 |
3,746,385 | ||
Spain 1.3% | ||
ACS Actividades de Construccion y Servicios SA | 3,668 | 163,874 |
Aena SME SA | 1,586 | 301,338 |
Amadeus IT Group SA | 41,650 | 2,743,103 |
Corp. ACCIONA Energias Renovables SA | 1,339 | 28,279 |
Endesa SA | 7,134 | 138,430 |
Fluidra SA | 76,559 | 1,705,636 |
Iberdrola SA | 122,477 | 1,617,700 |
Indra Sistemas SA | 161,971 | 3,248,147 |
Industria de Diseno Textil SA | 31,647 | 1,537,692 |
Laboratorios Farmaceuticos Rovi SA | 19,098 | 1,837,499 |
Naturgy Energy Group SA | 3,723 | 89,664 |
Repsol SA | 35,171 | 501,641 |
13,913,003 | ||
Sweden 2.4% | ||
AAK AB | 77,618 | 2,233,618 |
Assa Abloy AB, B Shares | 17,961 | 546,990 |
Atlas Copco AB, A Shares | 57,494 | 1,023,258 |
Atlas Copco AB, B Shares | 109,681 | 1,716,059 |
Axfood AB | 2,777 | 68,873 |
Beijer Ref AB | 113,417 | 1,801,020 |
Boliden AB | 8,073 | 246,893 |
Epiroc AB, A Shares | 11,034 | 205,954 |
Epiroc AB, B Shares | 6,972 | 117,230 |
Evolution AB | 5,549 | 537,527 |
H & M Hennes & Mauritz AB, B Shares | 15,111 | 235,089 |
Hemnet Group AB | 54,158 | 2,001,619 |
Hexatronic Group AB * | 124,148 | 733,871 |
Holmen AB, B Shares | 2,011 | 79,056 |
Kinnevik AB, Class B * | 86,398 | 724,406 |
Lifco AB, B Shares | 4,159 | 123,383 |
Saab AB, B Shares | 111,568 | 2,576,218 |
Sandvik AB | 92,132 | 1,886,110 |
SKF AB, B Shares | 213,300 | 3,965,431 |
SSAB AB, A Shares | 6,952 | 35,867 |
SSAB AB, B Shares | 20,063 | 101,693 |
Sweco AB, B Shares | 4,205 | 67,959 |
Swedish Orphan Biovitrum AB * | 3,446 | 90,034 |
Tele2 AB, B Shares | 14,309 | 147,321 |
Telefonaktiebolaget LM Ericsson, B Shares | 54,880 | 377,347 |
Trelleborg AB, B Shares | 31,167 | 1,158,246 |
Volvo AB, A Shares | 3,347 | 87,010 |
Volvo AB, B Shares | 101,091 | 2,579,918 |
Volvo Car AB, B Shares * | 14,182 | 40,239 |
25,508,239 | ||
Switzerland 5.3% | ||
ABB Ltd. | 32,767 | 1,818,785 |
Avolta AG * | 2,533 | 95,574 |
Bachem Holding AG | 802 | 71,973 |
Barry Callebaut AG | 54 | 86,887 |
7
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
Belimo Holding AG | 278 | 168,529 |
BKW AG | 419 | 75,793 |
Chocoladefabriken Lindt & Spruengli AG | 3 | 371,485 |
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | 28 | 350,941 |
Cie Financiere Richemont SA, Class A | 17,463 | 2,663,654 |
Clariant AG * | 4,159 | 61,693 |
DSM-Firmenich AG | 2,735 | 349,174 |
Emmi AG | 34 | 35,753 |
EMS-Chemie Holding AG | 218 | 182,299 |
Geberit AG | 997 | 634,756 |
Georg Fischer AG | 1,783 | 131,008 |
Holcim AG * | 23,343 | 2,181,413 |
Kuehne & Nagel International AG | 1,531 | 474,596 |
Landis & Gyr Group AG * | 22,522 | 2,040,067 |
Logitech International SA | 4,198 | 378,140 |
Lonza Group AG | 1,224 | 815,073 |
Nestle SA | 78,912 | 7,993,201 |
Novartis AG | 78,079 | 8,715,789 |
Partners Group Holding AG | 1,407 | 1,893,882 |
Roche Holding AG | 36,799 | 11,914,022 |
Roche Holding AG, Bearer Shares | 742 | 260,970 |
Sandoz Group AG | 9,695 | 420,504 |
Schindler Holding AG | 384 | 100,815 |
Schindler Holding AG, Participation Certificates | 4,576 | 1,224,784 |
SGS SA | 3,363 | 367,688 |
Siegfried Holding AG * | 2,088 | 2,433,674 |
Sika AG | 3,124 | 948,497 |
Sonova Holding AG | 1,244 | 381,331 |
Swatch Group AG | 1,484 | 60,173 |
Swatch Group AG, Bearer Shares | 13,951 | 2,873,277 |
Swisscom AG | 537 | 328,667 |
Swissquote Group Holding SA | 7,179 | 2,289,723 |
Tecan Group AG | 210 | 78,417 |
VAT Group AG | 761 | 381,364 |
55,654,371 | ||
Taiwan 2.1% | ||
ASPEED Technology, Inc. | 21,000 | 2,645,992 |
Elan Microelectronics Corp. | 240,000 | 1,015,652 |
Elite Material Co. Ltd. | 86,000 | 1,168,598 |
Gold Circuit Electronics Ltd. | 308,000 | 2,098,186 |
Kinik Co. | 116,000 | 1,120,809 |
Lotes Co. Ltd. | 46,000 | 1,981,514 |
Nien Made Enterprise Co. Ltd. | 106,000 | 1,287,371 |
Parade Technologies Ltd. | 92,000 | 2,087,950 |
Phison Electronics Corp. | 65,000 | 1,024,095 |
Taiwan Semiconductor Manufacturing Co. Ltd. | 169,000 | 4,929,948 |
Tong Yang Industry Co. Ltd. | 308,000 | 876,240 |
Wiwynn Corp. | 20,000 | 1,267,680 |
21,504,035 | ||
Turkey 0.1% | ||
Migros Ticaret AS | 53,843 | 857,919 |
United Kingdom 10.9% | ||
3i Group PLC | 60,263 | 2,424,423 |
Admiral Group PLC | 12,880 | 456,462 |
Airtel Africa PLC | 23,954 | 35,120 |
Ashtead Group PLC | 44,124 | 3,184,314 |
AstraZeneca PLC | 26,911 | 4,275,371 |
AstraZeneca PLC, ADR | 82,896 | 6,561,218 |
Auto Trader Group PLC | 23,543 | 246,610 |
B&M European Value Retail SA | 22,829 | 137,476 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Barratt Developments PLC | 25,405 | 171,913 |
Berkeley Group Holdings PLC | 2,438 | 159,158 |
BP PLC | 416,753 | 2,463,473 |
BT Group PLC | 98,710 | 179,011 |
Bunzl PLC | 15,618 | 654,384 |
Burberry Group PLC | 9,842 | 98,497 |
Centrica PLC | 154,146 | 262,815 |
Compass Group PLC | 90,172 | 2,776,847 |
ConvaTec Group PLC | 272,673 | 821,558 |
Croda International PLC | 2,882 | 149,847 |
DCC PLC | 45,950 | 3,165,723 |
Diageo PLC | 44,682 | 1,390,279 |
Diploma PLC | 56,672 | 3,240,234 |
DS Smith PLC | 31,428 | 183,730 |
Endeavour Mining PLC | 4,333 | 96,789 |
Flutter Entertainment PLC * | 16,860 | 3,335,005 |
Greggs PLC | 34,392 | 1,385,020 |
GSK PLC | 116,046 | 2,253,472 |
Haleon PLC | 118,494 | 531,493 |
Halma PLC | 5,676 | 194,281 |
Hargreaves Lansdown PLC | 24,137 | 342,892 |
Hikma Pharmaceuticals PLC | 2,541 | 62,127 |
Howden Joinery Group PLC | 15,038 | 181,812 |
IMI PLC | 4,155 | 101,203 |
InterContinental Hotels Group PLC | 4,280 | 431,191 |
Intermediate Capital Group PLC | 100,011 | 2,822,984 |
International Consolidated Airlines Group SA * | 27,755 | 59,301 |
Intertek Group PLC | 3,122 | 202,736 |
J Sainsbury PLC | 37,348 | 132,443 |
JD Sports Fashion PLC | 1,894,487 | 3,205,178 |
Just Group PLC | 686,888 | 1,066,010 |
Lloyds Banking Group PLC | 8,323,310 | 6,358,591 |
Marks & Spencer Group PLC | 664,428 | 2,806,245 |
Melrose Industries PLC | 199,740 | 1,512,493 |
Next PLC | 2,864 | 334,744 |
Ocado Group PLC * | 270,044 | 1,412,109 |
Persimmon PLC | 116,051 | 2,366,544 |
Reckitt Benckiser Group PLC | 71,625 | 3,852,970 |
RELX PLC | 40,546 | 1,913,669 |
Rightmove PLC | 25,143 | 186,809 |
Rolls-Royce Holdings PLC * | 136,500 | 790,363 |
RS Group PLC | 11,192 | 117,581 |
Schroders PLC | 845,441 | 4,272,414 |
Shell PLC | 322,052 | 11,743,266 |
Smith & Nephew PLC | 162,000 | 2,334,877 |
Smiths Group PLC | 70,597 | 1,621,554 |
Softcat PLC | 89,608 | 1,874,682 |
SSE PLC | 16,951 | 410,245 |
Taylor Wimpey PLC | 96,500 | 197,842 |
TechnipFMC PLC | 65,404 | 1,929,418 |
Tesco PLC | 174,468 | 744,014 |
TP ICAP Group PLC | 874,909 | 2,491,298 |
Unilever PLC | 48,408 | 2,974,898 |
UNITE Group PLC | 8,262 | 101,269 |
United Utilities Group PLC | 10,359 | 137,667 |
Vodafone Group PLC | 3,002,610 | 2,809,691 |
Weir Group PLC | 106,855 | 2,789,429 |
Wise PLC, Class A * | 179,690 | 1,654,511 |
WPP PLC | 478,301 | 4,613,729 |
113,795,322 | ||
United States 1.1% | ||
ACADIA Pharmaceuticals, Inc. * | 5,395 | 102,613 |
Ginkgo Bioworks Holdings, Inc. * | 180,171 | 68,465 |
Insmed, Inc. * | 6,027 | 438,464 |
Moderna, Inc. * | 24,580 | 2,930,428 |
NVIDIA Corp. | 57,665 | 6,747,958 |
8
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY | NUMBER OF SHARES | VALUE ($) |
SolarEdge Technologies, Inc. * | 7,125 | 205,627 |
Tesla, Inc. * | 4,752 | 1,102,797 |
11,596,352 | ||
Total Common Stocks (Cost $847,466,325) | 991,792,537 | |
PREFERRED STOCKS 0.5% OF NET ASSETS | ||
Germany 0.1% | ||
Bayerische Motoren Werke AG | 1,132 | 97,048 |
FUCHS SE | 1,665 | 72,346 |
Henkel AG & Co. KGaA | 2,820 | 241,228 |
410,622 | ||
Republic of Korea 0.4% | ||
Hyundai Motor Co. | 334 | 40,428 |
Hyundai Motor Co. 2nd | 551 | 66,968 |
Samsung Electronics Co. Ltd. | 90,816 | 4,323,462 |
4,430,858 | ||
Total Preferred Stocks (Cost $5,084,140) | 4,841,480 | |
WARRANTS 0.0% OF NET ASSETS | ||
Canada 0.0% | ||
Constellation Software, Inc. | ||
expires 03/31/40 *(b) | 344 | 1,729 |
Total Warrants (Cost $0) | 1,729 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
INVESTMENT COMPANIES 1.7% OF NET ASSETS | ||
United States 1.7% | ||
Schwab Emerging Markets Equity ETF (c) | 664,906 | 17,866,024 |
Total Investment Companies (Cost $19,426,891) | 17,866,024 |
SHORT-TERM INVESTMENTS 2.5% OF NET ASSETS | ||
Money Market Funds 2.5% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.26% (d) | 26,408,071 | 26,408,071 |
Total Short-Term Investments (Cost $26,408,071) | 26,408,071 | |
Total Investments in Securities (Cost $898,385,427) | 1,040,909,841 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI EAFE Index, expires 09/20/24 | 208 | 24,852,880 | 447,590 |
9
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SETTLEMENT DATE | COUNTERPARTY | CURRENCY TO BE RECEIVED | AMOUNT OF CURRENCY TO BE RECEIVED | CURRENCY TO BE DELIVERED | AMOUNT OF CURRENCY TO BE DELIVERED | UNREALIZED APPRECIATION (DEPRECIATION) ($) |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||
08/20/24 | Barclays Bank PLC | AUD | 9,971,000 | USD | 6,652,138 | (128,524 ) |
08/20/24 | Wells Fargo Bank NA | AUD | 1,475,000 | USD | 995,633 | (30,601 ) |
08/20/24 | UBS AG | CAD | 833,000 | USD | 603,444 | 215 |
08/20/24 | JP Morgan Chase Bank | CHF | 4,682,000 | USD | 5,278,898 | 64,723 |
08/20/24 | Morgan Stanley & Co. | DKK | 12,211,000 | USD | 1,755,680 | 17,019 |
08/20/24 | Morgan Stanley & Co. | EUR | 1,464,000 | USD | 1,568,522 | 17,213 |
08/20/24 | Morgan Stanley & Co. | EUR | 6,371,000 | USD | 6,827,756 | 73,009 |
08/20/24 | Barclays Bank PLC | GBP | 1,242,000 | USD | 1,595,597 | 1,334 |
08/20/24 | Morgan Stanley & Co. | GBP | 2,780,000 | USD | 3,514,565 | 59,887 |
08/20/24 | Wells Fargo Bank NA | JPY | 95,922,000 | USD | 596,496 | 45,526 |
08/20/24 | Citibank N.A. | NOK | 12,335,000 | USD | 1,170,666 | (39,608 ) |
08/20/24 | Morgan Stanley & Co. | NOK | 6,389,000 | USD | 596,632 | (10,792 ) |
08/20/24 | Goldman Sachs & Co. | NZD | 5,435,000 | USD | 3,331,845 | (97,119 ) |
08/20/24 | JP Morgan Chase Bank | NZD | 2,342,000 | USD | 1,422,902 | (29,023 ) |
08/20/24 | UBS AG | SEK | 20,381,000 | USD | 1,940,602 | (35,759 ) |
08/20/24 | HSBC Bank USA | SEK | 4,136,000 | USD | 392,559 | (6,001 ) |
08/20/24 | Morgan Stanley & Co. | SEK | 10,833,000 | USD | 1,006,088 | 6,383 |
08/20/24 | UBS AG | USD | 391,724 | CAD | 536,000 | 3,295 |
08/20/24 | UBS AG | USD | 406,466 | CAD | 556,000 | 3,543 |
08/20/24 | Morgan Stanley & Co. | USD | 10,767,280 | CAD | 14,733,000 | 90,552 |
08/20/24 | Goldman Sachs & Co. | USD | 1,792,331 | EUR | 1,653,000 | 1,880 |
08/20/24 | UBS AG | USD | 1,206,639 | EUR | 1,112,000 | 2,173 |
08/20/24 | JP Morgan Chase Bank | USD | 407,470 | EUR | 372,000 | 4,537 |
08/20/24 | HSBC Bank USA | USD | 1,943,843 | ILS | 7,276,000 | 16,523 |
08/20/24 | Citibank N.A. | USD | 4,689,437 | JPY | 739,022,000 | (256,960 ) |
08/20/24 | Wells Fargo Bank NA | USD | 391,001 | JPY | 62,318,000 | (26,103 ) |
08/20/24 | Wells Fargo Bank NA | USD | 407,476 | JPY | 63,335,000 | (16,435 ) |
08/20/24 | Wells Fargo Bank NA | USD | 200,470 | JPY | 30,765,000 | (5,446 ) |
08/20/24 | Barclays Bank PLC | USD | 784,731 | NOK | 8,369,000 | 17,336 |
08/20/24 | Citibank N.A. | USD | 391,667 | NZD | 644,000 | 8,380 |
08/20/24 | Morgan Stanley & Co. | USD | 1,193,855 | NZD | 1,964,000 | 24,949 |
08/20/24 | Wells Fargo Bank NA | USD | 596,618 | SEK | 6,284,000 | 9,305 |
08/20/24 | HSBC Bank USA | USD | 6,264,721 | SGD | 8,458,000 | (68,511 ) |
Net Unrealized Depreciation on Forward Foreign Currency Exchange Contracts | (283,100 ) |
* | 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 |
10
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
Below is a summary of the fund’s transactions with affiliated issuers during the period ended July 31, 2024:
SECURITY | VALUE AT 10/31/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 7/31/24 | BALANCE OF SHARES HELD AT 7/31/24 | DIVIDENDS RECEIVED (a) |
COMMON STOCKS 1.7% OF NET ASSETS | ||||||||
United States 1.7% | ||||||||
Schwab Emerging Markets Equity ETF | $35,333,880 | $— | ($21,252,972 ) | ($4,486,837 ) | $8,271,953 | $17,866,024 | 664,906 | $1,276,953 |
(a) | Distributions received include distributions from net investment income and capital gains, if any, from the underlying fund. |
The following is a summary of the inputs used to value the fund’s investments as of July 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 | $— | $162,369,325 | $— | $162,369,325 |
Australia | 87,587 | 46,154,406 | — | 46,241,993 |
Austria | 27,625 | 1,626,992 | — | 1,654,617 |
Belgium | 4,745,159 | 2,617,811 | — | 7,362,970 |
Brazil | 17,778,327 | 140,723 | — | 17,919,050 |
Canada | 57,091,033 | — | — | 57,091,033 |
China | 4,092,001 | 22,226,331 | — | 26,318,332 |
Denmark | 50,495 | 33,525,726 | — | 33,576,221 |
Finland | 1,574,800 | 4,977,405 | — | 6,552,205 |
Germany | 886,653 | 74,926,711 | — | 75,813,364 |
Greece | 6,181,633 | — | — | 6,181,633 |
Guernsey | 2,269,255 | — | — | 2,269,255 |
Hong Kong | 16,341 | 8,414,143 | — | 8,430,484 |
Ireland | 6,144,634 | 4,370,385 | — | 10,515,019 |
Israel | 11,803,415 | 3,290,008 | — | 15,093,423 |
Italy | 3,233,597 | 17,226,980 | — | 20,460,577 |
Japan | 1,670,008 | 148,025,114 | — | 149,695,122 |
Jersey | 589,311 | 2,042,267 | — | 2,631,578 |
Luxembourg | 7,085,549 | 3,735,775 | — | 10,821,324 |
Mexico | 5,718,521 | — | — | 5,718,521 |
Netherlands | 6,927,740 | 60,641,304 | — | 67,569,044 |
New Zealand | 245,265 | 533,938 | — | 779,203 |
Norway | 1,771,436 | 2,749,462 | — | 4,520,898 |
Poland | 126,371 | 2,699,647 | — | 2,826,018 |
Portugal | 128,116 | 536,266 | — | 664,382 |
Republic of Korea | 2,625,435 | 27,204,260 | — | 29,829,695 |
Singapore | 27,916 | 8,558,666 | — | 8,586,582 |
South Africa | 2,788,362 | 958,023 | — | 3,746,385 |
Sweden | 2,160,526 | 23,347,713 | — | 25,508,239 |
Switzerland | 35,753 | 55,618,618 | — | 55,654,371 |
United Kingdom | 10,981,934 | 102,813,388 | — | 113,795,322 |
United States | 11,596,352 | — | — | 11,596,352 |
11
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Preferred Stocks 1 | $— | $4,841,480 | $— | $4,841,480 |
Warrants | ||||
Canada | — | — | 1,729 | 1,729 |
Investment Companies 1 | 17,866,024 | — | — | 17,866,024 |
Short-Term Investments 1 | 26,408,071 | — | — | 26,408,071 |
Futures Contracts 2 | 447,590 | — | — | 447,590 |
Forward Foreign Currency Exchange Contracts 2 | — | 467,782 | — | 467,782 |
Liabilities | ||||
Forward Foreign Currency Exchange Contracts 2 | — | (750,882 ) | — | (750,882 ) |
Total | $215,182,835 | $825,889,767 | $1,729 | $1,041,074,331 |
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 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. In addition, international securities whose markets close
13
Schwab International Opportunities Fund
Notes to Portfolio Holdings (Unaudited) (continued)
hours before the valuation of the fund’s holdings 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 July 31, 2024, are disclosed in the fund’s Portfolio Holdings.
REG87632JUL24
14