Schwab Capital Trust
Schwab Balanced Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 99.3% OF NET ASSETS
 
U.S. Stocks 50.0%
Large-Cap 41.0%
Schwab Core Equity Fund
$197,262,691
$13,089,161
($1,592,546
)
$28,585
($10,603,167
)
$198,184,724
7,943,276
$12,089,161
Schwab Select Large Cap Growth Fund *
113,849,731
13,705,928
—
—
(18,142,938
)
109,412,721
4,258,962
13,705,928
 
307,597,445
Small-Cap 9.0%
Schwab Small-Cap Equity Fund
64,276,186
6,196,376
(2,833,570
)
(4,517
)
(541,036
)
67,093,439
3,126,442
5,196,375
 
374,690,884
 
International Stocks 10.4%
Developed Markets 10.4%
Schwab International Opportunities Fund
73,060,629
4,381,317
(785,648
)
58,408
1,220,706
77,935,412
3,053,895
4,381,317
 
Fixed Income 36.6%
Intermediate-Term Bond 36.6%
Schwab U.S. Aggregate Bond Index Fund
267,431,509
8,309,363
—
—
(1,223,612
)
274,517,260
30,434,286
2,808,004
 
Money Market Funds 2.3%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
17,481,714
167,074
—
—
—
17,648,788
17,648,788
161,466
Total Affiliated Underlying Funds
(Cost $646,523,564)
$733,362,460
$45,849,219
($5,211,764
)
$82,476
($29,290,047
)
$744,792,344
$38,342,251
 
UNAFFILIATED UNDERLYING FUNDS 0.7% OF NET ASSETS
 
Money Market Funds 0.7%
State Street Institutional U.S. Government
Money Market Fund, Premier Class,
3.65% (b)
$5,163,697
5,163,697
Total Unaffiliated Underlying Funds
(Cost $5,163,697)
$5,163,697
Total Investments in Securities
(Cost $651,687,261)
$749,956,041
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
  
1
Schwab Capital Trust
Schwab MarketTrack All Equity Portfolio
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 99.6% OF NET ASSETS
 
U.S. Stocks 58.7%
Large-Cap 49.9%
Schwab Fundamental U.S. Large
Company Index Fund
$145,836,508
$4,628,353
($4,914,138
)
$339,311
$7,698,162
$153,588,196
4,592,948
$2,419,528
Schwab S&P 500 Index Fund
258,083,437
13,193,501
(1,584,066
)
5,513
1,696,391
271,394,776
15,255,468
2,848,487
Schwab U.S. Large-Cap Growth Index
Fund
133,565,873
13,301,267
(655,387
)
(2,227
)
(5,904,210
)
140,305,316
8,128,929
607,147
 
565,288,288
Small-Cap 8.8%
Schwab Fundamental U.S. Small
Company Index Fund
36,687,990
1,607,314
(2,186,914
)
27,425
2,778,944
38,914,759
1,953,552
499,242
Schwab Small-Cap Index Fund
58,730,545
1,130,897
(1,353,092
)
374,055
2,253,079
61,135,484
1,457,342
741,793
 
100,050,243
 
665,338,531
 
International Stocks 35.8%
Developed Markets 28.1%
Schwab Fundamental International
Equity Index Fund
76,522,170
4,596,309
(7,056,872
)
686,485
5,470,135
80,218,227
5,387,389
3,874,279
Schwab Fundamental International
Small Equity Index Fund
54,079,938
4,313,626
(2,982,928
)
43,443
1,224,245
56,678,324
3,449,685
4,313,626
Schwab International Index Fund
173,817,190
7,128,803
(7,836,010
)
205,144
8,499,572
181,814,699
6,024,344
6,139,907
 
318,711,250
Emerging Markets 7.7%
Schwab Emerging Markets Equity ETF
29,051,745
1,892,706
(973,375
)
5,075
519,319
30,495,470
886,754
792,417
Schwab Fundamental Emerging
Markets Equity Index Fund
54,104,584
3,176,239
(3,580,849
)
348,160
2,603,837
56,651,971
4,647,413
2,079,746
 
87,147,441
 
405,858,691
 
Real Estate 5.1%
U.S. REITs 5.1%
Schwab U.S. REIT ETF
54,077,650
4,036,270
(1,870,121
)
(21,981
)
919,438
57,141,256
2,668,905
556,147
Total Affiliated Underlying Funds
(Cost $551,278,763)
$1,074,557,630
$59,005,285
($34,993,752
)
$2,010,403
$27,758,912
$1,128,338,478
$24,872,319
Total Investments in Securities
(Cost $551,278,763)
$1,128,338,478
 
  
1
Schwab MarketTrack All Equity Portfolio
Portfolio Holdings (Unaudited) continued
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
 
ETF —
Exchange-Traded Fund
REIT —
Real Estate Investment Trust
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
2
  
Schwab Capital Trust
Schwab MarketTrack Growth Portfolio
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS
 
U.S. Stocks 50.2%
Large-Cap 43.3%
Schwab Fundamental U.S. Large
Company Index Fund
$126,167,081
$2,085,256
($6,214,284
)
$2,103,028
$4,745,661
$128,886,742
3,854,269
$2,085,256
Schwab S&P 500 Index Fund
218,194,213
5,901,357
(2,873,370
)
16,503
1,362,399
222,601,102
12,512,710
2,403,612
Schwab U.S. Large-Cap Growth Index
Fund
110,054,434
7,947,674
(1,033,135
)
(3,808
)
(4,808,608
)
112,156,557
6,498,062
498,184
 
463,644,401
Small-Cap 6.9%
Schwab Fundamental U.S. Small
Company Index Fund
27,505,819
370,953
(1,903,739
)
93,628
1,968,890
28,035,551
1,407,407
370,953
Schwab Small-Cap Index Fund
45,252,253
570,561
(1,786,369
)
848,341
1,158,577
46,043,363
1,097,577
570,561
 
74,078,914
 
537,723,315
 
International Stocks 25.8%
Developed Markets 20.7%
Schwab Fundamental International
Equity Index Fund
54,690,169
2,771,177
(6,140,282
)
953,207
3,345,174
55,619,445
3,735,356
2,771,177
Schwab Fundamental International
Small Equity Index Fund
35,048,440
2,770,705
(2,949,545
)
47,478
717,319
35,634,397
2,168,862
2,770,705
Schwab International Index Fund
127,378,855
4,489,126
(8,584,085
)
728,327
5,542,359
129,554,582
4,292,730
4,489,126
 
220,808,424
Emerging Markets 5.1%
Schwab Emerging Markets Equity ETF
18,994,275
461,284
(583,633
)
17,183
303,228
19,192,337
558,079
509,300
Schwab Fundamental Emerging
Markets Equity Index Fund
34,896,151
1,341,095
(2,476,685
)
481,950
1,375,972
35,618,483
2,921,943
1,341,095
 
54,810,820
 
275,619,244
 
Real Estate 4.0%
U.S. REITs 4.0%
Schwab U.S. REIT ETF
42,097,095
1,102,908
(1,003,713
)
(5,877
)
678,766
42,869,179
2,002,297
433,183
 
Fixed Income 16.0%
Intermediate-Term Bond 16.0%
Schwab U.S. Aggregate Bond Index
Fund
168,208,939
6,658,198
(2,655,397
)
(298,218
)
(445,928
)
171,467,594
19,009,711
1,729,337
 
  
3
Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 3.4%
Schwab Government Money Fund,
Ultra Shares, 3.55% (b)
$34,411,556
$1,830,339
$—
$—
$—
$36,241,895
36,241,895
$321,931
Total Affiliated Underlying Funds
(Cost $590,908,168)
$1,042,899,280
$38,300,633
($38,204,237
)
$4,981,742
$15,943,809
$1,063,921,227
$20,294,420
Total Investments in Securities
(Cost $590,908,168)
$1,063,921,227
 
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
 
ETF —
Exchange-Traded Fund
REIT —
Real Estate Investment Trust
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
4
  
Schwab Capital Trust
Schwab MarketTrack Balanced Portfolio
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS
 
U.S. Stocks 39.0%
Large-Cap 33.0%
Schwab Fundamental U.S. Large Company
Index Fund
$56,446,659
$933,723
($3,487,793
)
$1,396,192
$1,659,333
$56,948,114
1,702,994
$933,723
Schwab S&P 500 Index Fund
97,368,518
2,098,503
(2,032,086
)
279,953
326,111
98,040,999
5,511,017
1,068,305
Schwab U.S. Large-Cap Growth Index
Fund
52,866,620
3,255,496
(631,686
)
(2,343
)
(2,314,415
)
53,173,672
3,080,746
239,502
 
208,162,785
Small-Cap 6.0%
Schwab Fundamental U.S. Small Company
Index Fund
11,322,409
152,901
(920,713
)
70,532
765,878
11,391,007
571,838
152,901
Schwab Small-Cap Index Fund
26,464,007
617,383
(1,750,724
)
442,098
721,700
26,494,464
631,572
333,441
 
37,885,471
 
246,048,256
 
International Stocks 18.0%
Developed Markets 15.5%
Schwab Fundamental International Equity
Index Fund
24,674,434
1,235,394
(3,256,450
)
584,894
1,337,067
24,575,339
1,650,459
1,235,394
Schwab Fundamental International Small
Equity Index Fund
15,364,320
1,239,433
(1,194,858
)
59,003
293,264
15,761,162
959,292
1,239,433
Schwab International Index Fund
57,164,548
2,000,256
(4,710,391
)
595,515
2,209,033
57,258,961
1,897,249
2,000,256
 
97,595,462
Emerging Markets 2.5%
Schwab Fundamental Emerging Markets
Equity Index Fund
15,772,153
606,140
(1,446,678
)
330,827
491,126
15,753,568
1,292,335
606,140
 
113,349,030
 
Real Estate 3.0%
U.S. REITs 3.0%
Schwab U.S. REIT ETF
18,846,045
442,336
(422,005
)
(3,853
)
302,274
19,164,797
895,133
194,195
 
Fixed Income 36.0%
High-Yield Bond 1.5%
Schwab High Yield Bond ETF
9,542,116
—
—
—
39,593
9,581,709
359,944
161,111
Intermediate-Term Bond 30.5%
Schwab U.S. Aggregate Bond Index Fund
191,384,608
4,994,397
(3,281,735
)
(376,502
)
(469,191
)
192,251,577
21,313,922
1,963,712
Short-Term Bond 4.0%
Schwab Short-Term Bond Index Fund
24,915,422
699,680
(315,992
)
(17,576
)
16,669
25,298,203
2,610,754
259,160
 
227,131,489
 
  
5
Schwab MarketTrack Balanced Portfolio
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 3.4%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$21,001,039
$200,709
$—
$—
$—
$21,201,748
21,201,748
$193,972
Total Affiliated Underlying Funds
(Cost $409,882,245)
$623,132,898
$18,476,351
($23,451,111
)
$3,358,740
$5,378,442
$626,895,320
$10,581,245
Total Investments in Securities
(Cost $409,882,245)
$626,895,320
 
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
 
ETF —
Exchange-Traded Fund
REIT —
Real Estate Investment Trust
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
6
  
Schwab Capital Trust
Schwab MarketTrack Conservative Portfolio
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 99.7% OF NET ASSETS
 
U.S. Stocks 26.1%
Large-Cap 22.1%
Schwab Fundamental U.S. Large Company
Index Fund
$12,336,035
$307,233
($858,436
)
$301,539
$366,840
$12,453,211
372,405
$203,906
Schwab S&P 500 Index Fund
22,385,423
583,930
(594,940
)
126,067
12,526
22,513,006
1,265,487
245,924
Schwab U.S. Large-Cap Growth Index Fund
10,465,168
520,109
—
—
(458,393
)
10,526,884
609,901
47,351
 
45,493,101
Small-Cap 4.0%
Schwab Fundamental U.S. Small Company
Index Fund
2,398,065
33,301
(125,354
)
27,915
157,294
2,491,221
125,061
33,301
Schwab Small-Cap Index Fund
5,786,652
72,634
(322,030
)
189,982
66,587
5,793,825
138,113
72,634
 
8,285,046
 
53,778,147
 
International Stocks 12.0%
Developed Markets 10.3%
Schwab Fundamental International Equity
Index Fund
5,432,172
271,193
(746,378
)
181,747
235,301
5,374,035
360,916
271,193
Schwab Fundamental International Small
Equity Index Fund
3,363,056
271,296
(258,934
)
13,603
64,430
3,453,451
210,192
271,296
Schwab International Index Fund
12,557,595
435,712
(1,077,553
)
231,598
380,590
12,527,942
415,107
435,712
 
21,355,428
Emerging Markets 1.7%
Schwab Fundamental Emerging Markets
Equity Index Fund
3,431,578
131,879
(313,209
)
72,694
108,235
3,431,177
281,475
131,879
 
24,786,605
 
Real Estate 2.0%
U.S. REITs 2.0%
Schwab U.S. REIT ETF
4,120,775
113,870
(100,711
)
(918
)
66,106
4,199,122
196,129
42,369
 
Fixed Income 56.2%
High-Yield Bond 1.7%
Schwab High Yield Bond ETF
3,513,901
—
—
—
14,580
3,528,481
132,550
59,329
Intermediate-Term Bond 48.2%
Schwab U.S. Aggregate Bond Index Fund
98,823,517
2,785,784
(1,766,624
)
(201,115
)
(235,211
)
99,406,351
11,020,660
1,014,140
Short-Term Bond 6.3%
Schwab Short-Term Bond Index Fund
12,916,121
283,035
(129,521
)
(6,676
)
6,678
13,069,637
1,348,776
134,186
 
116,004,469
 
  
7
Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 3.4%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$7,005,827
$66,955
$—
$—
$—
$7,072,782
7,072,782
$64,708
Total Affiliated Underlying Funds
(Cost $158,690,297)
$204,535,885
$5,876,931
($6,293,690
)
$936,436
$785,563
$205,841,125
$3,027,928
Total Investments in Securities
(Cost $158,690,297)
$205,841,125
 
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
 
ETF —
Exchange-Traded Fund
REIT —
Real Estate Investment Trust
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
8
  
Schwab Capital Trust
Schwab Target 2010 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 76.1% OF NET ASSETS
 
U.S. Stocks 20.6%
Large-Cap 18.0%
Schwab Core Equity Fund
$678,673
$41,592
($73,620
)
$14,501
($51,194
)
$609,952
24,447
$41,592
Schwab Fundamental U.S. Large Company
Index Fund
810,981
12,755
(88,212
)
23,883
19,126
778,533
23,282
12,755
Schwab S&P 500 Index Fund
4,973,013
214,393
(497,276
)
248,082
(217,223
)
4,720,989
265,373
54,393
Schwab Select Large Cap Growth Fund *
1,554,803
182,089
(41,000
)
3,153
(245,448
)
1,453,597
56,582
182,089
 
7,563,071
Mid-Cap 1.2%
Schwab U.S. Mid-Cap Index Fund
492,975
10,371
—
—
10,032
513,378
34,618
10,371
Small-Cap 1.4%
Schwab Small-Cap Equity Fund
540,020
43,658
—
—
(3,761
)
579,917
27,023
43,658
 
8,656,366
 
International Stocks 7.7%
Developed Markets 7.7%
Schwab Fundamental International Equity
Index Fund
161,159
8,293
(63,934
)
19,138
(5,675
)
118,981
7,991
8,293
Schwab International Core Equity Fund
1,315,685
152,679
(102,000
)
20,363
61,826
1,448,553
90,252
67,679
Schwab International Opportunities Fund
1,741,174
104,415
(215,000
)
35,021
(10,206
)
1,655,404
64,867
104,415
 
3,222,938
 
Real Estate 2.0%
Global Real Estate 2.0%
Schwab Global Real Estate Fund
862,827
5,035
(67,685
)
349
46,094
846,620
120,430
5,035
 
Fixed Income 43.2%
Inflation-Protected Bond 6.9%
Schwab Treasury Inflation Protected
Securities Index Fund
2,968,106
37,292
(95,000
)
(6,722
)
(26,762
)
2,876,914
277,427
37,292
Intermediate-Term Bond 28.0%
Schwab U.S. Aggregate Bond Index Fund
11,955,376
394,067
(529,000
)
(59,836
)
7,656
11,768,263
1,304,686
122,175
Short-Term Bond 8.3%
Schwab Short-Term Bond Index Fund
3,589,754
35,717
(130,000
)
(4,347
)
4,388
3,495,512
360,734
36,521
 
18,140,689
 
  
1
Schwab Target 2010 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 2.6%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$1,084,913
$10,369
$—
$—
$—
$1,095,282
1,095,282
$10,021
Total Affiliated Underlying Funds
(Cost $25,808,629)
$32,729,459
$1,252,725
($1,902,727
)
$293,585
($411,147
)
$31,961,895
$736,289
 
UNAFFILIATED UNDERLYING FUNDS 23.1% OF NET ASSETS
 
U.S. Stocks 3.8%
Large-Cap 3.4%
Dodge & Cox Stock Fund, Class I
$1,070,472
63,567
PGIM Jennison Growth Fund, Class R6
360,259
5,073
 
1,430,731
Small-Cap 0.4%
Driehaus Small Cap Growth Fund,
Institutional Class
169,061
5,842
 
1,599,792
 
Fixed Income 19.3%
Intermediate-Term Bond 17.2%
Allspring Core Plus Bond Fund, Class R6
387,874
34,174
Baird Aggregate Bond Fund, Institutional
Class
6,552,854
659,905
Loomis Sayles Investment Grade Bond Fund,
Class Y
286,568
28,976
 
7,227,296
International Bond 2.1%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional Class
868,807
87,317
 
8,096,103
Total Unaffiliated Underlying Funds
(Cost $9,412,357)
$9,695,895
Total Investments in Securities
(Cost $35,220,986)
$41,657,790
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
2
  
Schwab Capital Trust
Schwab Target 2015 Fund
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 76.7% OF NET ASSETS
 
U.S. Stocks 23.3%
Large-Cap 20.4%
Schwab Core Equity Fund
$835,766
$51,220
($60,000
)
$4,840
($49,567
)
$782,259
31,353
$51,220
Schwab Fundamental U.S. Large Company
Index Fund
962,957
16,328
(80,914
)
21,951
31,443
951,765
28,462
16,328
Schwab S&P 500 Index Fund
6,096,055
66,427
(317,104
)
214,955
(177,840
)
5,882,493
330,663
66,427
Schwab Select Large Cap Growth Fund *
1,907,834
269,047
(123,313
)
3,417
(295,657
)
1,761,328
68,561
219,047
 
9,377,845
Mid-Cap 1.3%
Schwab U.S. Mid-Cap Index Fund
600,293
12,629
—
—
12,216
625,138
42,154
12,629
Small-Cap 1.6%
Schwab Small-Cap Equity Fund
760,408
57,368
(85,000
)
11,761
(17,113
)
727,424
33,897
57,368
 
10,730,407
 
International Stocks 9.1%
Developed Markets 9.1%
Schwab Fundamental International Equity
Index Fund
184,938
9,516
—
—
15,449
209,903
14,097
9,516
Schwab International Core Equity Fund
1,731,592
89,972
(100,000
)
21,293
81,184
1,824,041
113,647
89,972
Schwab International Opportunities Fund
2,231,866
130,813
(262,233
)
43,402
(9,220
)
2,134,628
83,645
130,813
 
4,168,572
 
Real Estate 2.3%
Global Real Estate 2.3%
Schwab Global Real Estate Fund
1,110,731
6,455
(117,293
)
13,440
46,166
1,059,499
150,711
6,455
 
Fixed Income 39.8%
Inflation-Protected Bond 6.5%
Schwab Treasury Inflation Protected
Securities Index Fund
3,006,301
38,488
—
—
(34,166
)
3,010,623
290,320
38,488
Intermediate-Term Bond 25.7%
Schwab U.S. Aggregate Bond Index Fund
11,874,330
168,417
(200,000
)
(22,541
)
(29,554
)
11,790,652
1,307,168
122,363
Short-Term Bond 7.6%
Schwab Short-Term Bond Index Fund
3,555,699
36,005
(100,000
)
(3,199
)
3,163
3,491,668
360,337
36,802
 
18,292,943
 
  
3
Schwab Target 2015 Fund
continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 2.2%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$995,003
$9,510
$—
$—
$—
$1,004,513
1,004,513
$9,190
Total Affiliated Underlying Funds
(Cost $27,668,170)
$35,853,773
$962,195
($1,445,857
)
$309,319
($423,496
)
$35,255,934
$866,618
 
UNAFFILIATED UNDERLYING FUNDS 22.7% OF NET ASSETS
 
U.S. Stocks 4.2%
Large-Cap 3.8%
Dodge & Cox Stock Fund, Class I
$1,294,465
76,868
PGIM Jennison Growth Fund, Class R6
435,356
6,130
 
1,729,821
Small-Cap 0.4%
Driehaus Small Cap Growth Fund,
Institutional Class
195,586
6,758
 
1,925,407
 
Fixed Income 18.5%
Intermediate-Term Bond 16.4%
Allspring Core Plus Bond Fund, Class R6
932,849
82,189
Baird Aggregate Bond Fund, Institutional
Class
6,189,856
623,349
Loomis Sayles Investment Grade Bond Fund,
Class Y
427,481
43,224
 
7,550,186
International Bond 2.1%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional Class
968,409
97,328
 
8,518,595
Total Unaffiliated Underlying Funds
(Cost $10,160,814)
$10,444,002
Total Investments in Securities
(Cost $37,828,984)
$45,699,936
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
4
  
Schwab Capital Trust
Schwab Target 2020 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 77.5% OF NET ASSETS
 
U.S. Stocks 25.2%
Large-Cap 21.8%
Schwab Core Equity Fund
$5,598,570
$343,106
($375,000
)
$16,952
($321,335
)
$5,262,293
210,914
$343,106
Schwab Fundamental U.S. Large Company
Index Fund
6,495,059
110,129
(500,000
)
118,722
226,988
6,450,898
192,910
110,129
Schwab S&P 500 Index Fund
40,928,815
450,495
(1,632,789
)
1,036,960
(781,685
)
40,001,796
2,248,555
450,495
Schwab Select Large Cap Growth Fund *
12,408,062
1,457,079
(300,000
)
27,119
(1,960,583
)
11,631,677
452,771
1,457,079
 
63,346,664
Mid-Cap 1.5%
Schwab U.S. Mid-Cap Index Fund
4,126,813
86,822
—
—
83,980
4,297,615
289,792
86,822
Small-Cap 1.9%
Schwab Small-Cap Equity Fund
5,613,684
423,447
(400,000
)
72,335
(84,704
)
5,624,762
262,104
423,447
 
73,269,041
 
International Stocks 10.1%
Developed Markets 10.1%
Schwab Fundamental International Equity
Index Fund
1,607,130
70,386
(250,001
)
79,404
45,614
1,552,533
104,267
70,386
Schwab International Core Equity Fund
11,635,521
622,197
(300,000
)
5,894
698,638
12,662,250
788,925
622,197
Schwab International Opportunities Fund
15,763,186
930,063
(1,699,823
)
309,349
(63,547
)
15,239,228
597,148
930,063
 
29,454,011
 
Real Estate 2.6%
Global Real Estate 2.6%
Schwab Global Real Estate Fund
7,515,970
43,926
(579,999
)
(10,678
)
418,250
7,387,469
1,050,849
43,926
 
Fixed Income 37.7%
Inflation-Protected Bond 6.2%
Schwab Treasury Inflation Protected
Securities Index Fund
18,316,317
231,567
(230,000
)
(11,347
)
(193,124
)
18,113,413
1,746,713
231,567
Intermediate-Term Bond 24.2%
Schwab U.S. Aggregate Bond Index Fund
71,315,136
714,420
(1,370,000
)
(155,697
)
(157,767
)
70,346,092
7,798,902
730,242
Short-Term Bond 7.3%
Schwab Short-Term Bond Index Fund
21,233,562
214,101
(300,000
)
(8,960
)
9,363
21,148,066
2,182,463
218,914
 
109,607,571
 
  
5
Schwab Target 2020 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 1.9%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$5,317,256
$50,817
$—
$—
$—
$5,368,073
5,368,073
$49,112
Total Affiliated Underlying Funds
(Cost $172,499,651)
$227,875,081
$5,748,555
($7,937,612
)
$1,480,053
($2,079,912
)
$225,086,165
$5,767,485
 
UNAFFILIATED UNDERLYING FUNDS 22.1% OF NET ASSETS
 
U.S. Stocks 4.3%
Large-Cap 4.1%
Dodge & Cox Stock Fund, Class I
$8,713,008
517,400
PGIM Jennison Growth Fund, Class R6
3,036,183
42,751
 
11,749,191
Small-Cap 0.2%
Driehaus Small Cap Growth Fund,
Institutional Class
697,361
24,097
 
12,446,552
 
Fixed Income 17.8%
Intermediate-Term Bond 15.7%
Allspring Core Plus Bond Fund, Class R6
6,725,554
592,560
Baird Aggregate Bond Fund, Institutional
Class
35,463,148
3,571,314
Loomis Sayles Investment Grade Bond
Fund, Class Y
3,465,623
350,417
 
45,654,325
International Bond 2.1%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
6,268,833
630,033
 
51,923,158
Total Unaffiliated Underlying Funds
(Cost $62,617,718)
$64,369,710
Total Investments in Securities
(Cost $235,117,369)
$289,455,875
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
6
  
Schwab Capital Trust
Schwab Target 2025 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 77.1% OF NET ASSETS
 
U.S. Stocks 25.9%
Large-Cap 22.6%
Schwab Core Equity Fund
$8,461,396
$497,225
($1,050,000
)
$247,222
($684,679
)
$7,471,164
299,445
$497,225
Schwab Fundamental U.S. Large Company
Index Fund
9,866,541
161,299
(1,230,000
)
346,298
178,747
9,322,885
278,794
161,299
Schwab S&P 500 Index Fund
61,268,672
669,468
(3,910,000
)
2,581,197
(2,194,528
)
58,414,809
3,283,576
669,468
Schwab Select Large Cap Growth Fund *
18,533,790
2,168,686
(500,000
)
34,840
(2,924,968
)
17,312,348
673,894
2,168,686
 
92,521,206
Mid-Cap 1.6%
Schwab U.S. Mid-Cap Index Fund
6,433,519
128,073
(350,000
)
151,707
(23,781
)
6,339,518
427,479
128,073
Small-Cap 1.7%
Schwab Small-Cap Equity Fund
6,994,537
532,616
(675,000
)
117,505
(180,276
)
6,789,382
316,374
532,616
 
105,650,106
 
International Stocks 11.0%
Developed Markets 11.0%
Schwab Fundamental International Equity
Index Fund
2,062,932
106,151
—
—
172,331
2,341,414
157,247
106,151
Schwab International Core Equity Fund
18,368,838
982,255
(1,160,000
)
87,431
1,001,507
19,280,031
1,201,248
982,255
Schwab International Opportunities Fund
24,821,098
1,431,661
(3,330,000
)
476,462
(87,528
)
23,311,693
913,468
1,431,661
 
44,933,138
 
Real Estate 2.7%
Global Real Estate 2.7%
Schwab Global Real Estate Fund
11,608,846
66,895
(1,340,000
)
(3,008
)
611,189
10,943,922
1,556,746
66,895
 
Fixed Income 35.9%
Inflation-Protected Bond 5.9%
Schwab Treasury Inflation Protected
Securities Index Fund
25,454,999
325,892
(1,320,000
)
(107,446
)
(185,046
)
24,168,399
2,330,607
325,892
Intermediate-Term Bond 23.1%
Schwab U.S. Aggregate Bond Index Fund
96,985,867
972,064
(3,350,000
)
(385,704
)
(41,389
)
94,180,838
10,441,335
993,580
Short-Term Bond 6.9%
Schwab Short-Term Bond Index Fund
29,366,753
294,487
(1,350,000
)
(41,403
)
42,836
28,312,673
2,921,844
301,067
 
146,661,910
 
  
7
Schwab Target 2025 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 1.6%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$6,537,347
$62,478
$—
$—
$—
$6,599,825
6,599,825
$60,381
Total Affiliated Underlying Funds
(Cost $237,053,244)
$326,765,135
$8,399,250
($19,565,000
)
$3,505,101
($4,315,585
)
$314,788,901
$8,425,249
 
UNAFFILIATED UNDERLYING FUNDS 22.5% OF NET ASSETS
 
U.S. Stocks 4.8%
Large-Cap 4.2%
Dodge & Cox Stock Fund, Class I
$12,865,269
763,971
PGIM Jennison Growth Fund, Class R6
4,148,611
58,415
 
17,013,880
Small-Cap 0.6%
Driehaus Small Cap Growth Fund,
Institutional Class
2,468,691
85,304
 
19,482,571
 
Fixed Income 17.7%
Intermediate-Term Bond 15.6%
Allspring Core Plus Bond Fund, Class R6
12,229,148
1,077,458
Baird Aggregate Bond Fund, Institutional
Class
45,983,152
4,630,730
Loomis Sayles Investment Grade Bond
Fund, Class Y
5,530,699
559,221
 
63,742,999
International Bond 2.1%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
8,720,403
876,422
 
72,463,402
Total Unaffiliated Underlying Funds
(Cost $88,109,288)
$91,945,973
Total Investments in Securities
(Cost $325,162,532)
$406,734,874
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
8
  
Schwab Capital Trust
Schwab Target 2030 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
  
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 75.1% OF NET ASSETS
 
U.S. Stocks 31.8%
Large-Cap 27.6%
Schwab Core Equity Fund
$31,807,133
$1,949,287
($2,950,814
)
$446,186
($2,152,454
)
$29,099,338
1,166,306
$1,949,287
Schwab Fundamental U.S. Large
Company Index Fund
31,395,489
532,337
(3,570,425
)
973,854
737,234
30,068,489
899,177
532,337
Schwab S&P 500 Index Fund
179,231,053
1,922,618
(9,771,262
)
6,627,602
(5,562,104
)
172,447,907
9,693,530
1,922,618
Schwab Select Large Cap Growth Fund *
58,722,674
7,069,395
(796,927
)
(52,115
)
(9,305,850
)
55,637,177
2,165,713
7,069,395
 
287,252,911
Mid-Cap 1.5%
Schwab U.S. Mid-Cap Index Fund
15,303,502
321,963
—
—
311,424
15,936,889
1,074,639
321,963
Small-Cap 2.7%
Schwab Small-Cap Equity Fund
28,897,887
2,336,235
(3,117,076
)
116,662
(320,456
)
27,913,252
1,300,711
2,336,235
 
331,103,052
 
International Stocks 15.3%
Developed Markets 15.3%
Schwab Fundamental International
Equity Index Fund
8,453,463
377,636
(1,910,454
)
463,603
134,930
7,519,178
504,982
377,636
Schwab International Core Equity Fund
64,258,985
3,394,206
(1,900,000
)
320,652
3,562,839
69,636,682
4,338,734
3,394,206
Schwab International Opportunities
Fund
88,067,631
5,281,261
(12,391,988
)
1,577,651
(156,035
)
82,378,520
3,227,998
5,281,261
 
159,534,380
 
Real Estate 3.2%
Global Real Estate 3.2%
Schwab Global Real Estate Fund
36,177,485
219,998
(4,437,691
)
(282,240
)
2,265,377
33,942,929
4,828,297
219,998
 
Fixed Income 23.8%
Inflation-Protected Bond 2.6%
Schwab Treasury Inflation Protected
Securities Index Fund
23,036,475
4,202,364
—
—
(270,905
)
26,967,934
2,600,572
310,350
Intermediate-Term Bond 16.3%
Schwab U.S. Aggregate Bond Index Fund
159,674,551
11,063,293
—
—
(709,442
)
170,028,402
18,850,155
1,651,212
Short-Term Bond 4.9%
Schwab Short-Term Bond Index Fund
46,640,633
3,954,644
—
—
(475
)
50,594,802
5,221,342
485,794
 
247,591,138
 
Money Market Funds 1.0%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
10,474,342
100,104
—
—
—
10,574,446
10,574,446
96,744
Total Affiliated Underlying Funds
(Cost $524,527,579)
$782,141,303
$42,725,341
($40,846,637
)
$10,191,855
($11,465,917
)
$782,745,945
$25,949,036
 
  
9
Schwab Target 2030 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
UNAFFILIATED UNDERLYING FUNDS 24.3% OF NET ASSETS
 
U.S. Stocks 5.9%
Large-Cap 5.3%
Dodge & Cox Stock Fund, Class I
$41,018,218
2,435,761
PGIM Jennison Growth Fund, Class R6
13,882,050
195,467
 
54,900,268
Small-Cap 0.6%
Driehaus Small Cap Growth Fund,
Institutional Class
6,383,701
220,584
 
61,283,969
 
International Stocks 0.7%
Emerging Markets 0.7%
Goldman Sachs Emerging Markets
Equity Insights Fund, Institutional
Class
7,287,919
592,032
 
Fixed Income 17.7%
Intermediate-Term Bond 13.9%
Allspring Core Plus Bond Fund, Class R6
39,409,999
3,472,247
Baird Aggregate Bond Fund, Institutional
Class
77,549,278
7,809,595
Loomis Sayles Investment Grade Bond
Fund, Class Y
27,179,205
2,748,150
 
144,138,482
International Bond 3.8%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
39,778,021
3,997,791
 
183,916,503
Total Unaffiliated Underlying Funds
(Cost $237,847,909)
$252,488,391
Total Investments in Securities
(Cost $762,375,488)
$1,035,234,336
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
10
  
Schwab Capital Trust
Schwab Target 2035 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 74.9% OF NET ASSETS
 
U.S. Stocks 36.9%
Large-Cap 31.9%
Schwab Core Equity Fund
$24,095,135
$1,476,659
$—
$—
($1,294,985
)
$24,276,809
973,018
$1,476,659
Schwab Fundamental U.S. Large Company
Index Fund
25,691,386
435,619
(2,108,606
)
551,887
874,657
25,444,943
760,913
435,619
Schwab S&P 500 Index Fund
125,276,331
1,378,890
(1,185,234
)
20,653
783,235
126,273,875
7,098,026
1,378,890
Schwab Select Large Cap Growth Fund *
47,368,231
5,702,478
—
—
(7,548,537
)
45,522,172
1,771,980
5,702,478
 
221,517,799
Mid-Cap 1.6%
Schwab U.S. Mid-Cap Index Fund
10,820,474
227,647
—
—
220,195
11,268,316
759,832
227,647
Small-Cap 3.4%
Schwab Small-Cap Equity Fund
22,252,900
1,799,025
(555,072
)
18,106
(173,094
)
23,341,865
1,087,692
1,799,025
 
256,127,980
 
International Stocks 18.5%
Developed Markets 18.5%
Schwab Fundamental International Equity
Index Fund
6,904,235
355,269
(1,664,126
)
450,784
125,974
6,172,136
414,515
355,269
Schwab International Core Equity Fund
50,530,217
2,702,051
(2,039,140
)
137,213
2,988,943
54,319,284
3,384,379
2,702,051
Schwab International Opportunities Fund
67,398,387
4,041,763
(4,774,247
)
354,755
860,980
67,881,638
2,659,939
4,041,763
 
128,373,058
 
Real Estate 3.8%
Global Real Estate 3.8%
Schwab Global Real Estate Fund
27,695,427
165,097
(3,204,970
)
(419,939
)
1,949,791
26,185,406
3,724,809
165,097
 
Fixed Income 15.1%
Inflation-Protected Bond 0.7%
Schwab Treasury Inflation Protected
Securities Index Fund
2,977,398
1,822,495
—
—
(39,809
)
4,760,084
459,024
47,106
Intermediate-Term Bond 11.2%
Schwab U.S. Aggregate Bond Index Fund
71,095,119
6,866,525
—
—
(320,359
)
77,641,285
8,607,681
742,993
Short-Term Bond 3.2%
Schwab Short-Term Bond Index Fund
20,538,080
2,070,637
—
—
(209
)
22,608,508
2,333,179
213,918
 
105,009,877
 
  
11
Schwab Target 2035 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 0.6%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
$4,194,259
$40,084
$—
$—
$—
$4,234,343
4,234,343
$38,739
Total Affiliated Underlying Funds
(Cost $346,689,464)
$506,837,579
$29,084,239
($15,531,395
)
$1,113,459
($1,573,218
)
$519,930,664
$19,327,254
 
UNAFFILIATED UNDERLYING FUNDS 24.4% OF NET ASSETS
 
U.S. Stocks 7.4%
Large-Cap 6.4%
Dodge & Cox Stock Fund, Class I
$32,794,142
1,947,396
PGIM Jennison Growth Fund, Class R6
11,696,951
164,699
 
44,491,093
Small-Cap 1.0%
Driehaus Small Cap Growth Fund,
Institutional Class
7,222,696
249,575
 
51,713,789
 
International Stocks 1.9%
Emerging Markets 1.9%
Goldman Sachs Emerging Markets Equity
Insights Fund, Institutional Class
12,940,178
1,051,192
 
Fixed Income 15.1%
Intermediate-Term Bond 11.1%
Allspring Core Plus Bond Fund, Class R6
25,560,269
2,252,006
Baird Aggregate Bond Fund, Institutional
Class
30,700,179
3,091,660
Loomis Sayles Investment Grade Bond
Fund, Class Y
20,650,372
2,088,005
 
76,910,820
International Bond 4.0%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
28,153,783
2,829,526
 
105,064,603
Total Unaffiliated Underlying Funds
(Cost $156,927,264)
$169,718,570
Total Investments in Securities
(Cost $503,616,728)
$689,649,234
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
12
  
Schwab Capital Trust
Schwab Target 2040 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 75.8% OF NET ASSETS
 
U.S. Stocks 40.7%
Large-Cap 34.9%
Schwab Core Equity Fund
$52,502,458
$3,217,591
($1,102,619
)
$14,584
($2,836,312
)
$51,795,702
2,075,980
$3,217,591
Schwab Fundamental U.S. Large
Company Index Fund
61,165,910
1,037,119
(3,625,470
)
859,616
2,531,582
61,968,757
1,853,133
1,037,119
Schwab S&P 500 Index Fund
254,421,291
2,781,194
(2,700,000
)
1,334,690
238,009
256,075,184
14,394,333
2,781,194
Schwab Select Large Cap Growth
Fund *
106,349,890
12,677,058
(1,000,000
)
76,370
(16,903,938
)
101,199,380
3,939,252
12,677,058
 
471,039,023
Mid-Cap 1.7%
Schwab U.S. Mid-Cap Index Fund
22,345,454
470,115
—
—
454,727
23,270,296
1,569,137
470,115
Small-Cap 4.1%
Schwab Small-Cap Equity Fund
54,562,103
4,411,046
(3,147,950
)
102,682
(482,699
)
55,445,182
2,583,652
4,411,046
 
549,754,501
 
International Stocks 20.9%
Developed Markets 20.9%
Schwab Fundamental International
Equity Index Fund
13,952,215
717,932
(2,046,733
)
430,482
666,892
13,720,788
921,477
717,932
Schwab International Core Equity
Fund
110,935,637
5,878,764
(4,862,407
)
596,964
6,205,830
118,754,788
7,399,052
5,878,764
Schwab International Opportunities
Fund
152,335,552
9,135,295
(13,325,920
)
993,303
1,594,924
150,733,154
5,906,472
9,135,295
 
283,208,730
 
Real Estate 4.1%
Global Real Estate 4.1%
Schwab Global Real Estate Fund
58,380,434
355,017
(6,297,729
)
(792,792
)
4,052,526
55,697,456
7,922,824
355,017
 
Fixed Income 9.7%
Intermediate-Term Bond 7.5%
Schwab U.S. Aggregate Bond Index
Fund
94,113,911
7,346,480
—
—
(428,710
)
101,031,681
11,200,852
981,860
Short-Term Bond 2.2%
Schwab Short-Term Bond Index Fund
27,657,147
1,929,759
—
—
(282
)
29,586,624
3,053,315
288,068
 
130,618,305
 
  
13
Schwab Target 2040 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
Money Market Funds 0.4%
Schwab Government Money Fund,
Ultra Shares, 3.55% (b)
$5,246,788
$50,143
$—
$—
$—
$5,296,931
5,296,931
$48,461
Total Affiliated Underlying Funds
(Cost $617,132,904)
$1,013,968,790
$50,007,513
($38,108,828
)
$3,615,899
($4,907,451
)
$1,024,575,923
$41,999,520
 
UNAFFILIATED UNDERLYING FUNDS 23.5% OF NET ASSETS
 
U.S. Stocks 8.5%
Large-Cap 7.3%
Dodge & Cox Stock Fund, Class I
$71,883,632
4,268,624
PGIM Jennison Growth Fund, Class R6
26,367,527
371,269
 
98,251,159
Small-Cap 1.2%
Driehaus Small Cap Growth Fund,
Institutional Class
15,978,847
552,137
 
114,230,006
 
International Stocks 2.9%
Emerging Markets 2.9%
Goldman Sachs Emerging Markets
Equity Insights Fund, Institutional
Class
39,149,583
3,180,307
 
Fixed Income 12.1%
Intermediate-Term Bond 8.8%
Allspring Core Plus Bond Fund,
Class R6
37,018,748
3,261,564
Baird Aggregate Bond Fund,
Institutional Class
40,958,490
4,124,722
Loomis Sayles Investment Grade Bond
Fund, Class Y
41,382,738
4,184,301
 
119,359,976
International Bond 3.3%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
44,654,144
4,487,854
 
164,014,120
Total Unaffiliated Underlying Funds
(Cost $288,168,502)
$317,393,709
Total Investments in Securities
(Cost $905,301,406)
$1,341,969,632
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
14
  
Schwab Capital Trust
Schwab Target 2045 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
  
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 77.4% OF NET ASSETS
 
U.S. Stocks 43.4%
Large-Cap 37.1%
Schwab Core Equity Fund
$15,630,980
$957,939
($300,000
)
($9,545
)
($831,987
)
$15,447,387
619,134
$957,939
Schwab Fundamental U.S. Large Company
Index Fund
19,526,530
331,088
—
—
1,084,233
20,941,851
626,252
331,088
Schwab S&P 500 Index Fund
72,056,677
793,112
(690,000
)
816
450,160
72,610,765
4,081,549
793,112
Schwab Select Large Cap Growth Fund *
33,600,237
4,045,002
—
—
(5,354,488
)
32,290,751
1,256,939
4,045,002
 
141,290,754
Mid-Cap 1.8%
Schwab U.S. Mid-Cap Index Fund
6,579,017
138,413
—
—
133,882
6,851,312
461,990
138,413
Small-Cap 4.5%
Schwab Small-Cap Equity Fund
16,388,113
1,324,889
(300,000
)
(1,018
)
(117,953
)
17,294,031
805,873
1,324,889
 
165,436,097
 
International Stocks 23.2%
Developed Markets 23.2%
Schwab Fundamental International Equity
Index Fund
4,333,872
223,006
(655,427
)
113,133
248,905
4,263,489
286,332
223,006
Schwab International Core Equity Fund
33,821,420
1,808,566
(1,130,599
)
58,962
2,015,120
36,573,469
2,278,721
1,808,566
Schwab International Opportunities Fund
46,325,571
2,778,063
(2,312,682
)
96,107
711,855
47,598,914
1,865,161
2,778,063
 
88,435,872
 
Real Estate 4.4%
Global Real Estate 4.4%
Schwab Global Real Estate Fund
17,746,450
107,917
(2,094,428
)
(303,084
)
1,260,309
16,717,164
2,377,975
107,917
 
Fixed Income 6.2%
Intermediate-Term Bond 4.8%
Schwab U.S. Aggregate Bond Index Fund
16,032,846
2,267,644
—
—
(75,051
)
18,225,439
2,020,559
173,667
Short-Term Bond 1.4%
Schwab Short-Term Bond Index Fund
4,934,510
407,042
—
—
(50
)
5,341,502
551,239
51,396
 
23,566,941
 
Money Market Funds 0.2%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
686,503
6,561
—
—
—
693,064
693,064
6,341
Total Affiliated Underlying Funds
(Cost $204,142,727)
$287,662,726
$15,189,242
($7,483,136
)
($44,629
)
($475,065
)
$294,849,138
$12,739,399
 
  
15
Schwab Target 2045 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
UNAFFILIATED UNDERLYING FUNDS 21.8% OF NET ASSETS
 
U.S. Stocks 9.4%
Large-Cap 7.8%
Dodge & Cox Stock Fund, Class I
$21,437,408
1,273,005
PGIM Jennison Growth Fund, Class R6
8,044,892
113,276
 
29,482,300
Small-Cap 1.6%
Driehaus Small Cap Growth Fund,
Institutional Class
6,141,126
212,202
 
35,623,426
 
International Stocks 3.9%
Emerging Markets 3.9%
Goldman Sachs Emerging Markets Equity
Insights Fund, Institutional Class
14,975,234
1,216,510
 
Fixed Income 8.5%
Intermediate-Term Bond 6.2%
Allspring Core Plus Bond Fund, Class R6
6,540,026
576,214
Baird Aggregate Bond Fund, Institutional
Class
6,785,637
683,347
Loomis Sayles Investment Grade Bond
Fund, Class Y
10,486,409
1,060,304
 
23,812,072
International Bond 2.3%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
8,710,964
875,474
 
32,523,036
Total Unaffiliated Underlying Funds
(Cost $73,702,856)
$83,121,696
Total Investments in Securities
(Cost $277,845,583)
$377,970,834
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
16
  
Schwab Capital Trust
Schwab Target 2050 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 78.8% OF NET ASSETS
 
U.S. Stocks 45.1%
Large-Cap 38.4%
Schwab Core Equity Fund
$16,428,658
$1,006,823
$—
$—
($882,952
)
$16,552,529
663,428
$1,006,823
Schwab Fundamental U.S. Large Company
Index Fund
19,935,088
338,016
—
—
1,106,919
21,380,023
639,355
338,016
Schwab S&P 500 Index Fund
76,473,326
841,726
—
—
490,723
77,805,775
4,373,568
841,726
Schwab Select Large Cap Growth Fund *
35,432,786
5,945,265
—
—
(5,646,521
)
35,731,530
1,390,873
4,265,616
 
151,469,857
Mid-Cap 1.8%
Schwab U.S. Mid-Cap Index Fund
6,757,853
142,175
—
—
137,521
7,037,549
474,548
142,175
Small-Cap 4.9%
Schwab Small-Cap Equity Fund
18,217,855
1,472,813
—
—
(126,885
)
19,563,783
911,639
1,472,813
 
178,071,189
 
International Stocks 25.3%
Developed Markets 25.3%
Schwab Fundamental International Equity
Index Fund
5,070,164
245,181
(310,000
)
81,951
320,733
5,408,029
363,199
245,181
Schwab International Core Equity Fund
37,541,060
2,007,469
(300,000
)
13,218
2,301,866
41,563,613
2,589,633
2,007,469
Schwab International Opportunities Fund
51,373,898
3,080,802
(2,436,324
)
83,144
827,434
52,928,954
2,074,019
3,080,802
 
99,900,596
 
Real Estate 4.6%
Global Real Estate 4.6%
Schwab Global Real Estate Fund
18,613,037
113,187
(1,656,960
)
(209,772
)
1,249,051
18,108,543
2,575,895
113,187
 
Fixed Income 3.6%
Intermediate-Term Bond 2.8%
Schwab U.S. Aggregate Bond Index Fund
10,037,444
1,053,371
—
—
(46,917
)
11,043,898
1,224,379
105,363
Short-Term Bond 0.8%
Schwab Short-Term Bond Index Fund
3,363,880
34,284
—
—
(35
)
3,398,129
350,684
35,037
 
14,442,027
 
Money Market Funds 0.2%
Schwab Government Money Fund, Ultra
Shares, 3.55% (b)
295,608
403,216
—
—
—
698,824
698,824
3,823
Total Affiliated Underlying Funds
(Cost $215,305,414)
$299,540,657
$16,684,328
($4,703,284
)
($31,459
)
($269,063
)
$311,221,179
$13,658,031
 
  
17
Schwab Target 2050 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
UNAFFILIATED UNDERLYING FUNDS 20.7% OF NET ASSETS
 
U.S. Stocks 9.8%
Large-Cap 8.1%
Dodge & Cox Stock Fund, Class I
$23,345,849
1,386,333
PGIM Jennison Growth Fund, Class R6
8,490,311
119,548
 
31,836,160
Small-Cap 1.7%
Driehaus Small Cap Growth Fund,
Institutional Class
6,561,006
226,711
 
38,397,166
 
International Stocks 5.3%
Emerging Markets 5.3%
Goldman Sachs Emerging Markets Equity
Insights Fund, Institutional Class
21,028,451
1,708,241
 
Fixed Income 5.6%
Intermediate-Term Bond 4.2%
Allspring Core Plus Bond Fund, Class R6
4,237,192
373,321
Baird Aggregate Bond Fund, Institutional
Class
3,802,122
382,892
Loomis Sayles Investment Grade Bond
Fund, Class Y
8,444,192
853,811
 
16,483,506
International Bond 1.4%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
5,620,876
564,912
 
22,104,382
Total Unaffiliated Underlying Funds
(Cost $70,206,454)
$81,529,999
Total Investments in Securities
(Cost $285,511,868)
$392,751,178
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
(b)
The rate shown is the annualized 7-day yield.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
18
  
Schwab Capital Trust
Schwab Target 2055 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 79.8% OF NET ASSETS
 
U.S. Stocks 46.2%
Large-Cap 38.8%
Schwab Core Equity Fund
$12,307,744
$1,254,275
$—
$—
($662,277
)
$12,899,742
517,024
$754,274
Schwab Fundamental U.S. Large Company
Index Fund
15,870,191
269,092
—
—
881,212
17,020,495
508,986
269,092
Schwab S&P 500 Index Fund
54,928,536
599,027
(500,000
)
36,524
307,563
55,371,650
3,112,515
599,027
Schwab Select Large Cap Growth Fund *
27,402,334
3,648,861
—
—
(4,366,799
)
26,684,396
1,038,708
3,298,861
 
111,976,283
Mid-Cap 1.9%
Schwab U.S. Mid-Cap Index Fund
4,953,439
314,213
—
—
104,843
5,372,495
362,272
104,213
Small-Cap 5.5%
Schwab Small-Cap Equity Fund
15,136,510
1,195,807
(350,000
)
(12,650
)
(85,434
)
15,884,233
740,179
1,195,807
 
133,233,011
 
International Stocks 26.0%
Developed Markets 26.0%
Schwab Fundamental International Equity
Index Fund
3,405,345
175,227
—
—
284,473
3,865,045
259,573
175,227
Schwab International Core Equity Fund
27,604,604
1,476,128
—
—
1,707,816
30,788,548
1,918,290
1,476,128
Schwab International Opportunities Fund
37,622,507
2,256,156
—
—
671,264
40,549,927
1,588,947
2,256,156
 
75,203,520
 
Real Estate 5.0%
Global Real Estate 5.0%
Schwab Global Real Estate Fund
13,591,304
82,650
—
—
758,885
14,432,839
2,053,035
82,650
 
Fixed Income 2.6%
Intermediate-Term Bond 2.0%
Schwab U.S. Aggregate Bond Index Fund
4,939,296
856,858
—
—
(22,844
)
5,773,310
640,057
57,866
Short-Term Bond 0.6%
Schwab Short-Term Bond Index Fund
1,496,016
216,338
—
—
(16
)
1,712,338
176,712
16,672
 
7,485,648
Total Affiliated Underlying Funds
(Cost $163,268,874)
$219,257,826
$12,344,632
($850,000
)
$23,874
($421,314
)
$230,355,018
$10,285,973
 
UNAFFILIATED UNDERLYING FUNDS 19.6% OF NET ASSETS
 
U.S. Stocks 10.1%
Large-Cap 8.3%
Dodge & Cox Stock Fund, Class I
$17,420,975
1,034,500
  
19
Schwab Target 2055 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
PGIM Jennison Growth Fund, Class R6
$6,529,868
91,944
 
23,950,843
Small-Cap 1.8%
Driehaus Small Cap Growth Fund,
Institutional Class
5,159,547
178,284
 
29,110,390
 
International Stocks 5.7%
Emerging Markets 5.7%
Goldman Sachs Emerging Markets Equity
Insights Fund, Institutional Class
16,515,631
1,341,643
 
Fixed Income 3.8%
Intermediate-Term Bond 2.8%
Allspring Core Plus Bond Fund, Class R6
2,202,237
194,030
Baird Aggregate Bond Fund, Institutional
Class
683,363
68,818
Loomis Sayles Investment Grade Bond
Fund, Class Y
5,118,420
517,535
 
8,004,020
International Bond 1.0%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional
Class
2,855,889
287,024
 
10,859,909
Total Unaffiliated Underlying Funds
(Cost $47,755,404)
$56,485,930
Total Investments in Securities
(Cost $211,024,278)
$286,840,948
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
20
  
Schwab Capital Trust
Schwab Target 2060 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 80.2% OF NET ASSETS
 
U.S. Stocks 47.2%
Large-Cap 39.6%
Schwab Core Equity Fund
$5,555,064
$600,440
$—
$—
($300,803
)
$5,854,701
234,657
$340,440
Schwab Fundamental U.S. Large Company
Index Fund
7,042,189
251,572
—
—
395,820
7,689,581
229,952
121,572
Schwab S&P 500 Index Fund
23,781,340
1,103,403
—
—
156,399
25,041,142
1,407,597
263,403
Schwab Select Large Cap Growth Fund *
12,041,429
2,234,615
—
—
(1,941,516
)
12,334,528
480,130
1,469,615
 
50,919,952
Mid-Cap 2.0%
Schwab U.S. Mid-Cap Index Fund
2,362,901
179,712
—
—
46,014
2,588,627
174,553
49,712
Small-Cap 5.6%
Schwab Small-Cap Equity Fund
6,663,726
668,725
(100,000
)
(5,788
)
(41,300
)
7,185,363
334,826
538,726
 
60,693,942
 
International Stocks 26.0%
Developed Markets 26.0%
Schwab Fundamental International Equity
Index Fund
1,577,440
81,170
(120,000
)
11,788
116,161
1,666,559
111,925
81,170
Schwab International Core Equity Fund
12,356,371
760,745
(300,000
)
10,628
752,910
13,580,654
846,147
660,744
Schwab International Opportunities Fund
16,590,387
1,472,186
(130,000
)
(11,487
)
318,045
18,239,131
714,699
1,022,187
 
33,486,344
 
Real Estate 5.1%
Global Real Estate 5.1%
Schwab Global Real Estate Fund
6,175,478
123,070
(130,000
)
(17,505
)
365,380
6,516,423
926,945
38,070
 
Fixed Income 1.9%
Intermediate-Term Bond 1.4%
Schwab U.S. Aggregate Bond Index Fund
1,696,417
108,062
—
—
(7,937
)
1,796,542
199,173
18,438
Short-Term Bond 0.5%
Schwab Short-Term Bond Index Fund
582,704
126,284
—
—
(253
)
708,735
73,141
6,415
 
2,505,277
Total Affiliated Underlying Funds
(Cost $78,492,112)
$96,425,446
$7,709,984
($780,000
)
($12,364
)
($141,080
)
$103,201,986
$4,610,492
 
UNAFFILIATED UNDERLYING FUNDS 19.3% OF NET ASSETS
 
U.S. Stocks 10.7%
Large-Cap 8.6%
Dodge & Cox Stock Fund, Class I
$7,989,040
474,409
  
21
Schwab Target 2060 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
PGIM Jennison Growth Fund, Class R6
$3,011,611
42,405
 
11,000,651
Small-Cap 2.1%
Driehaus Small Cap Growth Fund,
Institutional Class
2,717,702
93,908
 
13,718,353
 
International Stocks 6.2%
Emerging Markets 6.2%
Goldman Sachs Emerging Markets Equity
Insights Fund, Institutional Class
8,037,204
652,900
 
Fixed Income 2.4%
Intermediate-Term Bond 1.7%
Allspring Core Plus Bond Fund, Class R6
527,532
46,479
Loomis Sayles Investment Grade Bond Fund,
Class Y
1,675,565
169,420
 
2,203,097
International Bond 0.7%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional Class
883,255
88,769
 
3,086,352
Total Unaffiliated Underlying Funds
(Cost $20,958,301)
$24,841,909
Total Investments in Securities
(Cost $99,450,413)
$128,043,895
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
22
  
Schwab Capital Trust
Schwab Target 2065 Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
This section includes a summary of the fund’s transactions with its affiliated underlying funds during the period.    
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
AFFILIATED UNDERLYING FUNDS 80.4% OF NET ASSETS
 
U.S. Stocks 48.0%
Large-Cap 40.0%
Schwab Core Equity Fund
$1,860,009
$360,184
$—
$—
($105,082
)
$2,115,111
84,774
$120,184
Schwab Fundamental U.S. Large Company
Index Fund
2,450,527
191,552
—
—
140,252
2,782,331
83,204
41,551
Schwab S&P 500 Index Fund
7,921,809
1,088,853
(225,000
)
(4,364
)
56,245
8,837,543
496,770
88,853
Schwab Select Large Cap Growth Fund *
4,033,614
1,012,771
—
—
(676,051
)
4,370,334
170,118
512,771
 
18,105,319
Mid-Cap 2.0%
Schwab U.S. Mid-Cap Index Fund
786,959
128,019
—
—
16,710
931,688
62,825
18,019
Small-Cap 6.0%
Schwab Small-Cap Equity Fund
2,368,392
391,471
(40,000
)
(3,361
)
(8,705
)
2,707,797
126,179
191,471
 
21,744,804
 
International Stocks 26.4%
Developed Markets 26.4%
Schwab Fundamental International Equity
Index Fund
519,065
66,710
(50,000
)
514
42,522
578,811
38,872
26,710
Schwab International Core Equity Fund
4,298,511
309,858
—
—
269,968
4,878,337
303,946
229,858
Schwab International Opportunities Fund
5,651,505
884,109
(160,000
)
(20,067
)
131,630
6,487,177
254,200
359,109
 
11,944,325
 
Real Estate 5.0%
Global Real Estate 5.0%
Schwab Global Real Estate Fund
2,139,374
143,191
(110,000
)
(8,238
)
131,330
2,295,657
326,552
13,191
 
Fixed Income 1.0%
Intermediate-Term Bond 0.5%
Schwab U.S. Aggregate Bond Index Fund
231,826
2,347
—
—
(1,030
)
233,143
25,847
2,192
Short-Term Bond 0.5%
Schwab Short-Term Bond Index Fund
210,489
2,144
—
—
(2
)
212,631
21,943
2,398
 
445,774
Total Affiliated Underlying Funds
(Cost $29,823,505)
$32,472,080
$4,581,209
($585,000
)
($35,516
)
($2,213
)
$36,430,560
$1,606,307
 
UNAFFILIATED UNDERLYING FUNDS 19.1% OF NET ASSETS
 
U.S. Stocks 10.9%
Large-Cap 8.9%
Dodge & Cox Stock Fund, Class I
$2,893,682
171,834
  
23
Schwab Target 2065 Fund
Portfolio Holdings (Unaudited) continued
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
1/31/26
BALANCE
OF SHARES
HELD AT
1/31/26
DISTRIBUTIONS
RECEIVED (a)
PGIM Jennison Growth Fund, Class R6
$1,107,490
15,594
 
4,001,172
Small-Cap 2.0%
Driehaus Small Cap Growth Fund,
Institutional Class
904,651
31,260
 
4,905,823
 
International Stocks 6.8%
Emerging Markets 6.8%
Goldman Sachs Emerging Markets Equity
Insights Fund, Institutional Class
3,079,254
250,143
 
Fixed Income 1.4%
Intermediate-Term Bond 0.9%
Loomis Sayles Investment Grade Bond Fund,
Class Y
397,521
40,194
International Bond 0.5%
PIMCO International Bond Fund
(U.S. Dollar-Hedged), Institutional Class
239,669
24,087
 
637,190
Total Unaffiliated Underlying Funds
(Cost $7,430,569)
$8,622,267
Total Investments in Securities
(Cost $37,254,074)
$45,052,827
 
*
Non-income producing security.
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds. Amounts shown are only
presented for affiliated underlying funds.
At January 31, 2026, all of the fund’s investment securities were classified as Level 1.
24
  
Schwab Multi-Asset 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 has designated authority to a Valuation Designee, the funds’ investment adviser, to make fair valuation determinations under adopted procedures, subject to Board of Trustees 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 each 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.
● Mutual funds: Mutual funds are valued at their respective net asset values.
● 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 and futures contracts. Mutual funds and exchange-traded funds 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 are disclosed in each fund’s Portfolio Holdings.
REG87628JAN26
  
25