Schwab Capital Trust
Schwab Core Equity Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 100.1% OF NET ASSETS
 
Capital Goods 6.4%
Caterpillar, Inc.
45,737
30,065,674
CNH Industrial NV
1,452,257
15,626,285
Deere & Co.
24,325
12,843,600
Fastenal Co.
158,636
6,878,457
Parker-Hannifin Corp.
12,337
11,545,458
Rockwell Automation, Inc.
49,912
21,045,395
 
98,004,869
 
Commercial & Professional Services 2.1%
Republic Services, Inc., Class A
80,544
17,324,209
Rollins, Inc.
238,162
15,085,181
 
32,409,390
 
Consumer Discretionary Distribution & Retail 5.7%
Amazon.com, Inc. *
239,000
57,192,700
TJX Cos., Inc.
198,528
29,741,480
 
86,934,180
 
Consumer Services 0.5%
Booking Holdings, Inc.
1,661
8,308,056
 
Consumer Staples Distribution & Retail 1.1%
Walmart, Inc.
146,616
17,467,830
 
Energy 3.9%
EOG Resources, Inc.
161,844
18,147,568
Exxon Mobil Corp.
286,269
40,478,436
 
58,626,004
 
Equity Real Estate Investment Trusts (REITs) 0.5%
Public Storage
26,907
7,431,444
 
Financial Services 8.3%
Blackrock, Inc.
11,812
13,216,919
CME Group, Inc.
41,495
11,994,545
Fidelity National Information Services,
Inc.
710,504
39,255,346
Morgan Stanley
81,764
14,946,459
MSCI, Inc., Class A
16,026
9,763,360
Visa, Inc., Class A
114,272
36,776,158
 
125,952,787
 
Food, Beverage & Tobacco 0.8%
Constellation Brands, Inc., Class A
77,010
12,067,467
 
Health Care Equipment & Services 5.5%
Becton Dickinson & Co.
104,044
21,170,873
Boston Scientific Corp. *
185,329
17,333,821
SECURITY
NUMBER
OF SHARES
VALUE ($)
Intuitive Surgical, Inc. *
28,025
14,130,766
UnitedHealth Group, Inc.
110,406
31,678,794
 
84,314,254
 
Household & Personal Products 2.1%
L'Oreal SA, Sponsored ADR
141,090
12,933,720
Procter & Gamble Co.
120,494
18,287,375
 
31,221,095
 
Insurance 2.0%
Marsh & McLennan Cos., Inc.
34,710
6,532,075
Progressive Corp.
111,528
23,197,824
 
29,729,899
 
Materials 1.2%
Linde PLC
38,378
17,537,595
 
Media & Entertainment 13.2%
Alphabet, Inc., Class A
360,614
121,887,532
Meta Platforms, Inc., Class A
109,568
78,505,472
 
200,393,004
 
Pharmaceuticals, Biotechnology & Life Sciences 5.6%
Eli Lilly & Co.
42,701
44,287,342
Johnson & Johnson
28,529
6,483,215
Thermo Fisher Scientific, Inc.
29,473
17,053,373
Zoetis, Inc.
137,201
17,125,429
 
84,949,359
 
Semiconductors & Semiconductor Equipment 16.4%
ASML Holding NV, Registry Shares
13,768
19,591,864
Broadcom, Inc.
200,530
66,435,589
NVIDIA Corp.
813,380
155,461,319
Texas Instruments, Inc.
37,756
8,138,306
 
249,627,078
 
Software & Services 12.2%
Accenture PLC, Class A
37,155
9,795,544
Microsoft Corp.
283,416
121,951,071
Palo Alto Networks, Inc. *
78,684
13,924,707
Salesforce, Inc.
117,073
24,853,427
ServiceNow, Inc. *
131,388
15,373,710
 
185,898,459
 
Technology Hardware & Equipment 8.7%
Apple, Inc.
387,826
100,633,091
Arista Networks, Inc. *
99,378
14,085,838
Motorola Solutions, Inc.
42,484
17,101,509
 
131,820,438
 
  
1
Schwab Core Equity Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Utilities 3.9%
Duke Energy Corp.
119,908
14,550,836
NextEra Energy, Inc.
213,529
18,769,199
WEC Energy Group, Inc.
235,695
26,084,365
 
59,404,400
Total Common Stocks
(Cost $761,467,260)
1,522,097,608
 
 
 
 
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS
 
Money Market Funds 0.1%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.65% (a)
2,153,962
2,153,962
Total Short-Term Investments
(Cost $2,153,962)
2,153,962
Total Investments in Securities
(Cost $763,621,222)
1,524,251,570
 
*
Non-income producing security.
(a)
The rate shown is the annualized 7-day yield.
 
ADR —
American Depositary Receipt
 
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2026 (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 Stocks1
$1,522,097,608
$—
$—
$1,522,097,608
Short-Term Investments1
2,153,962
—
—
2,153,962
Total
$1,524,251,570
$—
$—
$1,524,251,570
 
1
As categorized in the Portfolio Holdings.
2
  
Schwab Capital Trust
Schwab Dividend Equity Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.3% OF NET ASSETS
 
Banks 7.9%
Bank of America Corp.
215,000
11,438,000
JPMorgan Chase & Co.
75,000
22,941,750
PNC Financial Services Group, Inc.
35,000
7,815,500
Truist Financial Corp.
130,000
6,684,600
 
48,879,850
 
Capital Goods 11.2%
Caterpillar, Inc.
10,000
6,573,600
CNH Industrial NV
200,000
2,152,000
Fastenal Co.
124,000
5,376,640
General Dynamics Corp.
15,000
5,266,350
Illinois Tool Works, Inc.
18,500
4,833,310
Lockheed Martin Corp.
27,000
17,123,940
Parker-Hannifin Corp.
13,000
12,165,920
Rockwell Automation, Inc.
9,750
4,111,087
RTX Corp.
43,000
8,639,990
Watsco, Inc.
8,000
3,091,600
 
69,334,437
 
Consumer Discretionary Distribution & Retail 4.5%
Genuine Parts Co.
35,000
4,864,650
Home Depot, Inc.
30,150
11,293,889
TJX Cos., Inc.
80,000
11,984,800
 
28,143,339
 
Consumer Services 2.8%
Booking Holdings, Inc.
1,000
5,001,840
McDonald's Corp.
39,000
12,285,000
 
17,286,840
 
Consumer Staples Distribution & Retail 3.6%
Walmart, Inc.
185,000
22,040,900
 
Energy 8.2%
Chevron Corp.
85,000
15,036,500
EOG Resources, Inc.
60,000
6,727,800
Exxon Mobil Corp.
150,000
21,210,000
Kinder Morgan, Inc.
260,000
7,927,400
 
50,901,700
 
Equity Real Estate Investment Trusts (REITs) 2.5%
AvalonBay Communities, Inc.
20,000
3,553,400
Lamar Advertising Co., Class A
40,000
5,132,400
Public Storage
25,000
6,904,750
 
15,590,550
 
Financial Services 9.1%
Blackrock, Inc.
14,000
15,665,160
Fidelity National Information Services, Inc.
155,000
8,563,750
SECURITY
NUMBER
OF SHARES
VALUE ($)
Morgan Stanley
130,000
23,764,000
Visa, Inc., Class A
25,000
8,045,750
 
56,038,660
 
Food, Beverage & Tobacco 7.2%
Altria Group, Inc.
85,000
5,269,150
Coca-Cola Co.
245,000
18,328,450
Constellation Brands, Inc., Class A
15,000
2,350,500
Philip Morris International, Inc.
105,000
18,841,200
 
44,789,300
 
Health Care Equipment & Services 5.4%
Abbott Laboratories
72,000
7,869,600
Becton Dickinson & Co.
31,000
6,307,880
CVS Health Corp.
50,000
3,726,000
Elevance Health, Inc.
20,000
6,914,800
Medtronic PLC
85,000
8,751,600
 
33,569,880
 
Household & Personal Products 2.0%
Procter & Gamble Co.
82,000
12,445,140
 
Insurance 2.9%
Allstate Corp.
40,000
7,959,600
Cincinnati Financial Corp.
30,000
4,826,700
Progressive Corp.
25,000
5,200,000
 
17,986,300
 
Materials 0.7%
PPG Industries, Inc.
35,000
4,047,050
 
Media & Entertainment 2.7%
Alphabet, Inc., Class A
45,000
15,210,000
Omnicom Group, Inc.
20,000
1,540,800
 
16,750,800
 
Pharmaceuticals, Biotechnology & Life Sciences 6.4%
AbbVie, Inc.
60,000
13,380,600
Johnson & Johnson
72,310
16,432,448
Merck & Co., Inc.
50,000
5,513,500
Pfizer, Inc.
170,000
4,494,800
 
39,821,348
 
Semiconductors & Semiconductor Equipment 4.3%
Broadcom, Inc.
60,000
19,878,000
Texas Instruments, Inc.
30,000
6,466,500
 
26,344,500
 
  
3
Schwab Dividend Equity Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Software & Services 6.1%
Accenture PLC, Class A
20,000
5,272,800
International Business Machines Corp.
55,000
16,868,500
Microsoft Corp.
36,000
15,490,440
 
37,631,740
 
Technology Hardware & Equipment 3.0%
Apple, Inc.
26,000
6,746,480
Cisco Systems, Inc.
150,000
11,748,000
 
18,494,480
 
Telecommunication Services 3.2%
Comcast Corp., Class A
260,000
7,735,000
Verizon Communications, Inc.
275,000
12,243,000
 
19,978,000
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Transportation 0.8%
Union Pacific Corp.
20,000
4,702,000
 
Utilities 4.8%
Duke Energy Corp.
127,500
15,472,125
Eversource Energy
80,000
5,530,400
NextEra Energy, Inc.
100,000
8,790,000
 
29,792,525
Total Common Stocks
(Cost $377,379,380)
614,569,339
Total Investments in Securities
(Cost $377,379,380)
614,569,339
 
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2026 (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 Stocks1
$614,569,339
$—
$—
$614,569,339
Total
$614,569,339
$—
$—
$614,569,339
 
1
As categorized in the Portfolio Holdings.
4
  
Schwab Capital Trust
Schwab Large-Cap Growth Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.5% OF NET ASSETS
 
Automobiles & Components 3.1%
Tesla, Inc. *
42,749
18,399,597
 
Banks 0.5%
Citigroup, Inc.
25,701
2,973,863
 
Capital Goods 6.5%
Caterpillar, Inc.
10,646
6,998,255
GE Vernova, Inc.
7,142
5,187,734
General Electric Co.
27,563
8,456,053
Howmet Aerospace, Inc.
8,076
1,680,454
Parker-Hannifin Corp.
6,427
6,014,644
Quanta Services, Inc.
9,885
4,691,717
Vertiv Holdings Co., Class A
27,856
5,186,230
 
38,215,087
 
Consumer Discretionary Distribution & Retail 8.0%
Amazon.com, Inc. *
131,419
31,448,567
Home Depot, Inc.
18,915
7,085,370
O'Reilly Automotive, Inc. *
29,738
2,926,516
TJX Cos., Inc.
39,554
5,925,585
 
47,386,038
 
Consumer Services 1.7%
Booking Holdings, Inc.
940
4,701,729
DoorDash, Inc., Class A *
15,350
3,140,917
Royal Caribbean Cruises Ltd.
6,321
2,052,113
 
9,894,759
 
Consumer Staples Distribution & Retail 2.0%
Costco Wholesale Corp.
8,843
8,314,631
Walmart, Inc.
28,014
3,337,588
 
11,652,219
 
Energy 0.3%
TechnipFMC PLC
32,388
1,804,659
 
Financial Services 5.5%
American Express Co.
18,405
6,481,689
Blackrock, Inc.
2,062
2,307,254
Blackstone, Inc.
12,491
1,778,968
Interactive Brokers Group, Inc., Class A
51,824
3,880,581
Mastercard, Inc., Class A
14,854
8,003,187
Visa, Inc., Class A
31,521
10,144,404
 
32,596,083
 
Food, Beverage & Tobacco 1.1%
Philip Morris International, Inc.
34,383
6,169,685
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Health Care Equipment & Services 1.7%
Boston Scientific Corp. *
49,610
4,640,023
Intuitive Surgical, Inc. *
9,990
5,037,158
 
9,677,181
 
Media & Entertainment 14.7%
Alphabet, Inc., Class A
133,454
45,107,452
Meta Platforms, Inc., Class A
42,692
30,588,818
Netflix, Inc. *
107,880
9,006,901
Spotify Technology SA *
4,421
2,212,048
 
86,915,219
 
Pharmaceuticals, Biotechnology & Life Sciences 5.8%
AbbVie, Inc.
42,134
9,396,303
Alnylam Pharmaceuticals, Inc. *
7,006
2,368,449
Eli Lilly & Co.
18,561
19,250,541
Vertex Pharmaceuticals, Inc. *
7,301
3,430,740
 
34,446,033
 
Semiconductors & Semiconductor Equipment 20.3%
Advanced Micro Devices, Inc. *
35,376
8,374,560
Broadcom, Inc.
99,786
33,059,102
KLA Corp.
2,590
3,698,365
Lam Research Corp.
43,231
10,092,709
NVIDIA Corp.
322,560
61,650,893
Texas Instruments, Inc.
13,210
2,847,415
 
119,723,044
 
Software & Services 16.4%
AppLovin Corp., Class A *
2,944
1,392,836
Cadence Design Systems, Inc. *
11,933
3,536,464
Crowdstrike Holdings, Inc., Class A *
12,753
5,629,238
Datadog, Inc., Class A *
31,836
4,117,032
International Business Machines Corp.
13,892
4,260,676
Intuit, Inc.
12,612
6,292,379
Microsoft Corp.
99,364
42,755,336
Oracle Corp.
20,375
3,353,317
Palantir Technologies, Inc., Class A *
35,355
5,182,689
Palo Alto Networks, Inc. *
43,500
7,698,195
Salesforce, Inc.
13,206
2,803,502
ServiceNow, Inc. *
33,034
3,865,308
Snowflake, Inc., Class A *
5,564
1,072,183
Synopsys, Inc. *
10,311
4,795,801
 
96,754,956
 
Technology Hardware & Equipment 11.2%
Amphenol Corp., Class A
64,479
9,290,134
Apple, Inc.
186,176
48,308,949
Arista Networks, Inc. *
57,793
8,191,580
 
65,790,663
 
  
5
Schwab Large-Cap Growth Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Transportation 0.7%
Uber Technologies, Inc. *
52,644
4,214,152
Total Common Stocks
(Cost $235,311,571)
586,613,238
Total Investments in Securities
(Cost $235,311,571)
586,613,238
 
*
Non-income producing security.
 
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2026 (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 Stocks1
$586,613,238
$—
$—
$586,613,238
Total
$586,613,238
$—
$—
$586,613,238
 
1
As categorized in the Portfolio Holdings.
6
  
Schwab Capital Trust
Schwab Small-Cap Equity Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 96.4% OF NET ASSETS
 
Automobiles & Components 0.7%
Adient PLC *
43,925
913,640
Cooper-Standard Holdings, Inc. *
9,062
284,275
Garrett Motion, Inc.
91,337
1,647,719
Strattec Security Corp. *
21,584
1,707,726
 
4,553,360
 
Banks 8.7%
Amerant Bancorp, Inc.
51,580
1,119,286
Ameris Bancorp
14,020
1,130,292
Associated Banc-Corp.
201,487
5,492,536
Axos Financial, Inc. *
87,353
8,647,073
BankUnited, Inc.
120,561
5,723,031
Customers Bancorp, Inc. *
65,767
5,196,908
Enterprise Financial Services Corp.
28,708
1,646,404
First Financial Corp.
48,814
3,180,720
Great Southern Bancorp, Inc.
6,135
376,566
Hancock Whitney Corp.
61,693
4,244,478
Hanmi Financial Corp.
45,138
1,199,317
Hope Bancorp, Inc.
88,840
1,064,303
International Bancshares Corp.
106,425
7,411,437
OceanFirst Financial Corp.
77,494
1,453,013
Texas Capital Bancshares, Inc. *
20,246
2,048,288
Trustmark Corp.
95,167
4,046,501
UMB Financial Corp.
10,792
1,372,095
Valley National Bancorp
237,144
2,954,814
 
58,307,062
 
Capital Goods 14.6%
AAR Corp. *
41,778
4,424,708
Allient, Inc.
46,094
2,812,195
American Superconductor Corp. *
6,746
201,840
Applied Industrial Technologies, Inc.
4,602
1,198,407
Argan, Inc.
4,259
1,478,341
Array Technologies, Inc. *
63,230
716,080
Astronics Corp. *
29,375
2,225,156
Atkore, Inc.
14,944
1,037,861
Atmus Filtration Technologies, Inc.
80,483
4,665,599
Bloom Energy Corp., Class A *
50,132
7,588,481
Blue Bird Corp. *
47,954
2,412,566
Comfort Systems USA, Inc.
3,855
4,402,795
Ducommun, Inc. *
18,024
2,043,020
Dycom Industries, Inc. *
7,699
2,805,439
EnerSys
33,903
6,108,982
ESCO Technologies, Inc.
4,509
1,028,819
Federal Signal Corp.
11,066
1,196,124
Franklin Electric Co., Inc.
8,588
855,537
Griffon Corp.
36,339
2,959,812
Herc Holdings, Inc.
1,756
251,705
IES Holdings, Inc. *
4,299
1,634,867
Leonardo DRS, Inc.
26,379
1,083,122
LSI Industries, Inc.
29,327
648,420
Mercury Systems, Inc. *
26,078
2,448,203
Modine Manufacturing Co. *
10,896
2,012,055
Moog, Inc., Class A
17,964
5,485,307
Mueller Water Products, Inc., Class A
64,753
1,752,864
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nextpower, Inc., Class A *
46,641
5,461,195
Powell Industries, Inc.
5,818
2,580,807
Power Solutions International, Inc. *
15,214
1,090,235
Preformed Line Products Co.
2,386
598,743
Primoris Services Corp.
29,050
4,306,662
Resideo Technologies, Inc. *
11,862
406,392
SPX Technologies, Inc. *
15,769
3,286,417
Sterling Infrastructure, Inc. *
11,355
4,064,068
Thermon Group Holdings, Inc. *
48,573
2,197,928
Tutor Perini Corp.
29,394
2,318,893
V2X, Inc. *
11,847
815,429
Vicor Corp. *
7,026
1,107,789
Watts Water Technologies, Inc., Class A
13,862
4,149,035
 
97,861,898
 
Commercial & Professional Services 2.8%
Brink's Co.
17,809
2,262,455
Cimpress PLC *
12,144
960,469
ExlService Holdings, Inc. *
20,242
792,474
Huron Consulting Group, Inc. *
6,585
1,112,865
IBEX Holdings Ltd. *
151,743
5,644,840
Legalzoom.com, Inc. *
59,643
530,226
Maximus, Inc.
36,649
3,461,131
TriNet Group, Inc.
10,394
636,529
Verra Mobility Corp., Class A *
124,926
2,411,072
Willdan Group, Inc. *
7,309
922,396
 
18,734,457
 
Consumer Discretionary Distribution & Retail 2.6%
Gold.com, Inc.
16,646
863,095
Group 1 Automotive, Inc.
8,174
2,895,721
Kohl's Corp.
73,997
1,292,728
National Vision Holdings, Inc. *
17,539
462,153
Revolve Group, Inc. *
31,479
870,394
Sally Beauty Holdings, Inc. *
146,381
2,227,919
Signet Jewelers Ltd.
15,178
1,400,474
Sonic Automotive, Inc., Class A
40,577
2,432,997
ThredUp, Inc., Class A *
55,500
281,940
Urban Outfitters, Inc. *
32,987
2,337,129
Victoria's Secret & Co. *
20,989
1,144,110
Zumiez, Inc. *
37,904
932,817
 
17,141,477
 
Consumer Durables & Apparel 2.4%
Champion Homes, Inc. *
24,603
1,928,383
Green Brick Partners, Inc. *
16,577
1,150,278
Installed Building Products, Inc.
10,121
2,916,265
JAKKS Pacific, Inc.
23,104
422,110
M/I Homes, Inc. *
13,931
1,862,575
Peloton Interactive, Inc., Class A *
306,053
1,710,836
Polaris, Inc.
22,611
1,443,486
Sonos, Inc. *
119,095
1,709,013
Taylor Morrison Home Corp., Class A *
39,533
2,409,537
YETI Holdings, Inc. *
19,432
888,237
 
16,440,720
 
  
7
Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Consumer Services 3.5%
Adtalem Global Education, Inc. *
20,075
2,078,766
American Public Education, Inc. *
40,867
1,707,423
BJ's Restaurants, Inc. *
65,919
2,756,733
Brinker International, Inc. *
27,671
4,364,270
Cheesecake Factory, Inc.
29,718
1,722,455
Coursera, Inc. *
234,638
1,421,906
Frontdoor, Inc. *
25,899
1,530,890
Life Time Group Holdings, Inc. *
52,238
1,523,783
Monarch Casino & Resort, Inc.
44,852
4,105,304
Navan, Inc., Class A *
48,542
557,262
Rush Street Interactive, Inc. *
44,909
793,542
Stride, Inc. *
13,160
1,113,336
 
23,675,670
 
Consumer Staples Distribution & Retail 0.5%
Sprouts Farmers Market, Inc. *
8,133
576,711
United Natural Foods, Inc. *
68,534
2,551,521
 
3,128,232
 
Energy 4.4%
California Resources Corp.
47,110
2,520,385
Centrus Energy Corp., Class A *
1,607
447,196
CVR Energy, Inc. *
86,100
1,957,914
Gulfport Energy Corp. *
9,863
2,013,729
Helix Energy Solutions Group, Inc. *
281,056
2,231,585
Helmerich & Payne, Inc.
54,460
1,845,105
Navigator Holdings Ltd.
24,036
445,387
Oceaneering International, Inc. *
77,868
2,343,827
Oil States International, Inc. *
153,906
1,303,584
Par Pacific Holdings, Inc. *
83,513
3,151,781
PBF Energy, Inc., Class A
65,370
2,187,280
Peabody Energy Corp.
37,455
1,320,663
ProFrac Holding Corp., Class A *
72,788
379,225
ProPetro Holding Corp. *
92,183
1,059,183
Scorpio Tankers, Inc.
39,097
2,487,351
Teekay Corp. Ltd.
79,984
818,236
Tidewater, Inc. *
21,719
1,357,220
Transocean Ltd. *
315,943
1,570,237
 
29,439,888
 
Equity Real Estate Investment Trusts (REITs) 3.8%
Alexander's, Inc.
7,750
1,897,975
COPT Defense Properties
59,495
1,833,041
DiamondRock Hospitality Co.
838,520
7,697,613
Global Net Lease, Inc.
181,228
1,714,417
Outfront Media, Inc.
268,353
6,526,345
Sabra Health Care REIT, Inc.
40,281
754,463
Xenia Hotels & Resorts, Inc.
326,580
4,817,055
 
25,240,909
 
Financial Services 7.0%
Acadian Asset Management, Inc.
21,774
1,206,715
Atlanticus Holdings Corp. *
19,376
1,000,383
BGC Group, Inc., Class A
269,850
2,458,333
Bread Financial Holdings, Inc.
62,484
4,532,589
Enova International, Inc. *
48,383
7,991,420
EVERTEC, Inc.
132,377
3,972,634
Jackson Financial, Inc., Class A
63,231
7,519,431
LendingTree, Inc. *
4,122
233,553
Marex Group PLC
10,667
421,133
NCR Atleos Corp. *
53,139
1,982,085
NMI Holdings, Inc., Class A *
49,677
1,923,493
Pagseguro Digital Ltd., Class A
365,086
4,107,217
SECURITY
NUMBER
OF SHARES
VALUE ($)
PROG Holdings, Inc.
66,040
2,142,338
Regional Management Corp.
20,875
773,419
StoneCo Ltd., Class A *
133,899
2,161,130
Virtus Investment Partners, Inc.
19,301
3,150,888
World Acceptance Corp. *
12,591
1,526,659
 
47,103,420
 
Food, Beverage & Tobacco 0.5%
Cal-Maine Foods, Inc.
25,656
2,143,046
Seneca Foods Corp., Class A *
9,705
1,158,097
 
3,301,143
 
Health Care Equipment & Services 3.2%
Alphatec Holdings, Inc. *
35,060
519,940
AtriCure, Inc. *
23,507
868,113
Avanos Medical, Inc. *
91,921
1,224,388
Aveanna Healthcare Holdings, Inc. *
79,463
667,489
Axogen, Inc. *
22,146
771,788
BrightSpring Health Services, Inc. *
51,953
2,040,194
Brookdale Senior Living, Inc. *
43,637
654,555
Ensign Group, Inc.
4,104
704,493
GeneDx Holdings Corp. *
3,397
326,995
Guardian Pharmacy Services, Inc., Class A *
40,654
1,227,751
HealthEquity, Inc. *
20,821
1,783,735
Hims & Hers Health, Inc. *
27,912
756,136
IRhythm Holdings, Inc. *
5,160
797,272
LivaNova PLC *
29,696
1,951,324
OmniAb, Inc., Class A *(a)
5,508
0
OmniAb, Inc., Class B *(a)
5,508
0
OptimizeRx Corp. *
39,511
425,138
Option Care Health, Inc. *
83,563
2,841,142
PACS Group, Inc. *
3,725
125,756
Phreesia, Inc. *
42,528
571,151
Tactile Systems Technology, Inc. *
10,789
311,371
Teladoc Health, Inc. *
169,021
921,164
Tenet Healthcare Corp. *
4,984
943,372
TruBridge, Inc. *
19,265
372,778
UFP Technologies, Inc. *
1,898
476,664
 
21,282,709
 
Household & Personal Products 0.2%
Herbalife Ltd. *
70,942
1,223,040
 
Insurance 2.4%
CNO Financial Group, Inc.
128,510
5,403,846
Donegal Group, Inc., Class A
18,334
342,296
Fidelis Insurance Holdings Ltd.
67,109
1,277,755
Heritage Insurance Holdings, Inc. *
63,906
1,666,029
Palomar Holdings, Inc. *
10,617
1,312,155
Selective Insurance Group, Inc.
15,459
1,299,793
Skyward Specialty Insurance Group, Inc. *
45,962
2,050,825
Slide Insurance Holdings, Inc. *
84,793
1,460,983
Universal Insurance Holdings, Inc.
49,125
1,495,856
 
16,309,538
 
Materials 5.6%
Alpha Metallurgical Resources, Inc. *
4,446
932,771
Caledonia Mining Corp. PLC
57,469
1,576,949
Century Aluminum Co. *
16,549
750,166
Chemours Co.
132,229
1,982,113
Coeur Mining, Inc. *
144,268
2,948,838
Commercial Metals Co.
60,359
4,639,796
Constellium SE, Class A *
137,283
3,084,749
HB Fuller Co.
43,516
2,615,311
8
  
Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hecla Mining Co.
94,687
2,132,351
Ingevity Corp. *
21,159
1,392,051
Koppers Holdings, Inc.
112,633
3,318,168
Materion Corp.
18,640
2,577,539
Mativ Holdings, Inc.
202,556
2,440,800
Minerals Technologies, Inc.
44,189
2,905,869
O-I Glass, Inc. *
71,357
1,090,335
SSR Mining, Inc. *
140,567
3,209,145
 
37,596,951
 
Media & Entertainment 0.6%
AMC Networks, Inc., Class A *(b)
159,656
1,230,948
CuriosityStream, Inc.
29,828
110,960
Gray Media, Inc. (b)
228,603
1,031,000
Nexxen International Ltd. *
48,812
301,658
Thryv Holdings, Inc. *
66,252
318,672
Yelp, Inc., Class A *
26,929
737,316
 
3,730,554
 
Pharmaceuticals, Biotechnology & Life Sciences 15.1%
10X Genomics, Inc., Class A *
103,284
2,086,337
Adaptive Biotechnologies Corp. *
112,955
2,089,667
Alkermes PLC *
122,384
4,147,594
Amneal Pharmaceuticals, Inc. *
254,624
3,483,256
AnaptysBio, Inc. *
35,411
1,678,835
ANI Pharmaceuticals, Inc. *
16,715
1,368,123
Arbutus Biopharma Corp. *
257,366
1,062,922
Arcus Biosciences, Inc. *
128,070
2,694,593
Arcutis Biotherapeutics, Inc. *
101,590
2,577,338
Ardelyx, Inc. *
87,220
670,722
Arrowhead Pharmaceuticals, Inc. *
50,326
3,489,102
Aurinia Pharmaceuticals, Inc. *
121,969
1,772,210
Axsome Therapeutics, Inc. *
22,182
4,087,033
BioCryst Pharmaceuticals, Inc. *
265,354
1,746,029
Bridgebio Pharma, Inc. *
41,713
3,223,163
CareDx, Inc. *
87,501
1,798,146
Catalyst Pharmaceuticals, Inc. *
172,872
4,200,790
Cogent Biosciences, Inc. *
7,061
253,561
Collegium Pharmaceutical, Inc. *
39,556
1,816,412
Dianthus Therapeutics, Inc. *
13,031
695,725
Enanta Pharmaceuticals, Inc. *
67,022
864,584
Fortrea Holdings, Inc. *
76,424
1,284,687
GRAIL, Inc. *
9,822
960,788
Harmony Biosciences Holdings, Inc. *
42,611
1,556,154
Indivior Pharmaceuticals, Inc. *
111,049
3,928,914
Kiniksa Pharmaceuticals International PLC *
63,530
2,790,238
Kodiak Sciences, Inc. *
24,272
552,673
Krystal Biotech, Inc. *
2,296
641,135
Madrigal Pharmaceuticals, Inc. *
6,369
3,116,415
Medpace Holdings, Inc. *
3,362
1,958,298
Mesa Laboratories, Inc.
13,225
1,041,601
MiMedx Group, Inc. *
255,144
1,303,786
Mineralys Therapeutics, Inc. *
15,262
471,443
Mirum Pharmaceuticals, Inc. *
37,672
3,888,504
Monte Rosa Therapeutics, Inc. *
37,020
759,650
Myriad Genetics, Inc. *
242,869
1,364,924
Nurix Therapeutics, Inc. *
123,467
2,039,675
Olema Pharmaceuticals, Inc. *
15,770
405,604
Organogenesis Holdings, Inc., Class A *
247,995
991,980
Pacira BioSciences, Inc. *
88,321
1,814,113
Phibro Animal Health Corp., Class A
64,556
2,591,923
Praxis Precision Medicines, Inc. *
4,370
1,372,180
Prestige Consumer Healthcare, Inc. *
41,612
2,682,726
PTC Therapeutics, Inc. *
19,121
1,444,209
REGENXBIO, Inc. *
27,449
306,331
Rhythm Pharmaceuticals, Inc. *
20,936
2,146,359
Stoke Therapeutics, Inc. *
11,313
343,236
SECURITY
NUMBER
OF SHARES
VALUE ($)
Supernus Pharmaceuticals, Inc. *
28,686
1,381,518
Tarsus Pharmaceuticals, Inc. *
5,755
371,428
Taysha Gene Therapies, Inc. *
22,518
101,556
Terns Pharmaceuticals, Inc. *
19,134
662,036
Travere Therapeutics, Inc. *
73,313
2,279,301
Twist Bioscience Corp. *
39,032
1,603,044
Veracyte, Inc. *
60,867
2,317,815
Viridian Therapeutics, Inc. *
50,193
1,656,369
WaVe Life Sciences Ltd. *
51,056
660,665
Xeris Biopharma Holdings, Inc. *
21,985
161,810
Zymeworks, Inc. *
95,604
2,153,958
 
100,913,188
 
Real Estate Management & Development 0.3%
Cushman & Wakefield Ltd. *
29,979
492,855
Newmark Group, Inc., Class A
68,890
1,228,308
 
1,721,163
 
Semiconductors & Semiconductor Equipment 3.6%
ACM Research, Inc., Class A *
15,439
897,315
Ambarella, Inc. *
27,220
1,743,169
Axcelis Technologies, Inc. *
23,524
2,071,759
Credo Technology Group Holding Ltd. *
42,203
5,287,192
Impinj, Inc. *
2,245
310,034
Penguin Solutions, Inc. *
124,146
2,384,845
Photronics, Inc. *
29,815
1,030,705
Rigetti Computing, Inc. *
58,985
1,071,757
Semtech Corp. *
36,207
2,887,508
Silicon Laboratories, Inc. *
12,036
1,714,528
SiTime Corp. *
5,200
1,888,172
Synaptics, Inc. *
34,408
2,839,004
 
24,125,988
 
Software & Services 4.9%
8x8, Inc. *
264,099
438,404
ACI Worldwide, Inc. *
14,466
627,246
Alarm.com Holdings, Inc. *
25,472
1,242,524
Appian Corp., Class A *
19,445
542,516
Asana, Inc., Class A *
205,766
2,109,101
Blackbaud, Inc. *
63,691
3,420,207
Box, Inc., Class A *
40,895
1,036,688
Commerce.com, Inc. *
256,075
798,954
Commvault Systems, Inc. *
6,174
529,112
Consensus Cloud Solutions, Inc. *
20,726
442,707
Domo, Inc., Class B *
101,009
592,923
D-Wave Quantum, Inc. *
52,690
1,118,082
DXC Technology Co. *
207,951
3,000,733
eGain Corp. *
85,679
879,923
Five9, Inc. *
129,424
2,285,628
Intapp, Inc. *
24,743
840,025
Mitek Systems, Inc. *
35,197
352,674
Progress Software Corp. *
31,604
1,293,236
Q2 Holdings, Inc. *
18,239
1,117,139
Qualys, Inc. *
30,110
3,971,509
Red Violet, Inc.
26,458
1,203,310
RingCentral, Inc., Class A *
151,049
3,909,148
Sprout Social, Inc., Class A *
67,504
610,911
Yext, Inc. *
112,932
808,593
 
33,171,293
 
Technology Hardware & Equipment 5.6%
ADTRAN Holdings, Inc. *
57,672
531,736
Advanced Energy Industries, Inc.
20,313
5,187,128
Arlo Technologies, Inc. *
48,644
617,292
Belden, Inc.
27,682
3,252,912
  
9
Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Daktronics, Inc. *
19,236
445,313
Diebold Nixdorf, Inc. *
15,631
1,078,695
Extreme Networks, Inc. *
187,974
2,740,661
Fabrinet *
12,284
6,012,281
IonQ, Inc. *
56,969
2,277,621
Itron, Inc. *
17,933
1,776,802
Napco Security Technologies, Inc.
22,846
842,789
OSI Systems, Inc. *
14,057
3,516,218
Plexus Corp. *
7,570
1,508,928
Sanmina Corp. *
25,218
3,572,886
TTM Technologies, Inc. *
26,367
2,589,239
Vistance Networks, Inc. *
17,502
315,036
Xerox Holdings Corp.
463,961
1,016,075
 
37,281,612
 
Telecommunication Services 0.9%
Bandwidth, Inc., Class A *
62,861
878,168
IDT Corp., Class B
42,454
2,064,538
Liberty Latin America Ltd., Class A *
45,282
349,577
Lumen Technologies, Inc. *
287,467
2,535,459
 
5,827,742
 
Transportation 0.9%
Costamare Bulkers Holdings Ltd. *
35,459
586,137
Costamare, Inc.
40,136
673,482
Hertz Global Holdings, Inc. *(c)
87,267
427,609
Matson, Inc.
9,007
1,443,822
SkyWest, Inc. *
33,010
3,186,125
 
6,317,175
 
Utilities 1.6%
Hallador Energy Co. *
107,849
1,994,128
Hawaiian Electric Industries, Inc. *
57,266
877,315
Middlesex Water Co.
7,962
417,050
Oklo, Inc. *
20,459
1,628,946
Ormat Technologies, Inc.
9,374
1,171,187
Portland General Electric Co.
97,230
4,885,807
 
10,974,433
Total Common Stocks
(Cost $517,724,610)
645,403,622
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS
 
Money Market Funds 0.1%
State Street Institutional U.S. Government
Money Market Fund, Premier Class
3.65% (d)(e)
431,096
431,096
Total Short-Term Investments
(Cost $431,096)
431,096
Total Investments in Securities
(Cost $518,155,706)
645,834,718
 
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
APPRECIATION
($)
FUTURES CONTRACTS
Long
Russell 2000 Index, e-mini,
expires 03/20/26
230
30,182,900
597,258
 
*
Non-income producing security.
(a)
Fair valued using significant unobservable inputs (see notes to portfolio
holdings for additional information).
(b)
Issuer is an affiliated company, as the investment adviser owns at least 5% of
the voting securities of such company.
(c)
All or a portion of this security is on loan. Securities on loan were valued at
$425,292.
(d)
The rate shown is the annualized 7-day yield.
(e)
Security purchased with cash collateral received for securities on loan.
 
REIT —
Real Estate Investment Trust
 
Below is a summary of the fund’s transactions with affiliated issuers and companies which are or were affiliates during the period ended January 31, 2026. An affiliated company is a company in which the investment adviser has or had an ownership of at least 5% of the voting securities of a security issue during the report period. A dash in the Value at October 31, 2025, and/or Value and Balance of Shares Held at January 31, 2026, columns means either the issuer was not held or not held as an affiliate on the stated date. 
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
DIVIDENDS
RECEIVED
COMMON STOCKS 0.3% OF NET ASSETS
 
Household & Personal Products 0.0%
Nu Skin Enterprises, Inc., Class A
$—
$—
($284,126
)
($20,668
)
($1,359
)
$—
—
$1,714
 
Media & Entertainment 0.3%
AMC Networks, Inc., Class A
—
—
—
—
20,755
1,230,948
159,656
—
Gray Media, Inc.
—
255,780
(127,479
)
(14,499
)
30,719
1,031,000
228,603
13,491
 
2,261,948
Total
$—
$255,780
($411,605
)
($35,167
)
$50,115
$2,261,948
$15,205
 
10
  
Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2026 (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
$624,120,913
$—
$—
$624,120,913
Health Care Equipment & Services
21,282,709
—
0
*
21,282,709
Short-Term Investments 1
431,096
—
—
431,096
Futures Contracts 2
597,258
—
—
597,258
Total
$646,431,976
$—
$0
$646,431,976
 
*
Level 3 amount shown includes securities determined to have no value.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
  
11
Schwab Capital Trust
Schwab Health Care Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.8% OF NET ASSETS
 
Australia 0.2%
Pro Medicus Ltd.
10,578
1,352,326
 
Belgium 0.5%
UCB SA
11,845
3,609,473
 
China 0.8%
3SBio, Inc. *
160,000
477,090
Consun Pharmaceutical Group Ltd.
730,000
1,687,792
Hansoh Pharmaceutical Group Co. Ltd.
600,000
2,956,903
Livzon Pharmaceutical Group, Inc.,
H Shares
62,300
234,459
 
5,356,244
 
Denmark 1.2%
Novo Nordisk AS, Class B
137,807
8,182,872
 
France 1.5%
EssilorLuxottica SA
6,347
1,940,251
Ipsen SA
30,215
4,936,080
Sanofi SA
35,093
3,310,100
 
10,186,431
 
Hong Kong 0.1%
United Laboratories International Holdings
Ltd.
600,000
913,564
 
Ireland 3.3%
Medtronic PLC
219,885
22,639,360
 
Japan 1.8%
Asahi Intecc Co. Ltd.
40,000
666,806
Astellas Pharma, Inc.
454,200
6,317,870
Hoya Corp.
15,000
2,516,337
Shionogi & Co. Ltd.
146,000
3,006,021
 
12,507,034
 
Netherlands 0.4%
Koninklijke Philips NV
87,389
2,509,446
 
New Zealand 0.3%
Fisher & Paykel Healthcare Corp. Ltd.
75,402
1,761,491
 
Republic of Korea 0.3%
Samsung Biologics Co. Ltd. *
1,513
1,828,474
 
Sweden 0.2%
Ambea AB
94,458
1,442,188
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Switzerland 5.8%
Galenica AG
17,652
2,206,457
Novartis AG
139,687
20,725,329
Roche Holding AG
35,909
16,329,243
 
39,261,029
 
United Kingdom 6.1%
AstraZeneca PLC
117,224
21,840,487
Convatec Group PLC
300,703
948,513
GSK PLC
638,908
16,523,221
Smith & Nephew PLC
133,575
2,276,553
 
41,588,774
 
United States 77.3%
10X Genomics, Inc., Class A *
23,173
468,095
Abbott Laboratories
76,731
8,386,698
AbbVie, Inc.
176,476
39,355,913
Agilent Technologies, Inc.
20,814
2,785,954
Alnylam Pharmaceuticals, Inc. *
6,108
2,064,870
Amgen, Inc.
54,378
18,590,751
ANI Pharmaceuticals, Inc. *
56,156
4,596,369
Axsome Therapeutics, Inc. *
9,678
1,783,172
Becton Dickinson & Co.
32,773
6,668,650
Biogen, Inc. *
27,139
4,882,035
BioMarin Pharmaceutical, Inc. *
41,039
2,320,345
Boston Scientific Corp. *
258,341
24,162,634
BrightSpring Health Services, Inc. *
78,481
3,081,949
Bristol-Myers Squibb Co.
70,915
3,903,871
Cardinal Health, Inc.
36,256
7,790,689
Catalyst Pharmaceuticals, Inc. *
133,424
3,242,203
Cencora, Inc.
3,283
1,179,319
Cigna Group
36,099
9,895,097
CVS Health Corp.
18,619
1,387,488
Danaher Corp.
27,687
6,060,407
Elevance Health, Inc.
7,913
2,735,841
Eli Lilly & Co.
78,956
81,889,215
Encompass Health Corp.
21,501
2,032,490
Ensign Group, Inc.
15,483
2,657,812
Envista Holdings Corp. *
40,042
939,786
Exelixis, Inc. *
158,852
6,570,119
GE HealthCare Technologies, Inc.
59,078
4,665,390
Gilead Sciences, Inc.
192,684
27,351,494
HCA Healthcare, Inc.
11,889
5,805,042
HealthEquity, Inc. *
74,678
6,397,664
IDEXX Laboratories, Inc. *
2,805
1,880,640
Incyte Corp. *
33,385
3,340,837
Innoviva, Inc. *
63,658
1,273,160
Intuitive Surgical, Inc. *
7,152
3,606,181
IQVIA Holdings, Inc. *
43,685
10,054,103
Johnson & Johnson
203,737
46,299,233
Labcorp Holdings, Inc.
7,814
2,121,657
Madrigal Pharmaceuticals, Inc. *
1,311
641,485
McKesson Corp.
12,079
10,040,186
Medpace Holdings, Inc. *
8,307
4,838,661
Merck & Co., Inc.
258,630
28,519,130
Merit Medical Systems, Inc. *
19,700
1,597,473
Mettler-Toledo International, Inc. *
4,534
6,226,270
Mirum Pharmaceuticals, Inc. *
8,191
845,475
12
  
Schwab Health Care Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Natera, Inc. *
11,800
2,727,452
Pfizer, Inc.
43,180
1,141,679
Prestige Consumer Healthcare, Inc. *
75,168
4,846,081
Regeneron Pharmaceuticals, Inc.
11,851
8,786,924
ResMed, Inc.
25,092
6,481,515
STERIS PLC
29,602
7,773,485
Stryker Corp.
72,515
26,798,643
Thermo Fisher Scientific, Inc.
27,028
15,638,671
United Therapeutics Corp. *
11,322
5,315,566
UnitedHealth Group, Inc.
64,753
18,579,578
Veracyte, Inc. *
94,965
3,616,267
Vertex Pharmaceuticals, Inc. *
16,082
7,556,932
 
524,198,646
Total Common Stocks
(Cost $402,897,591)
677,337,352
Total Investments in Securities
(Cost $402,897,591)
677,337,352
 
*
Non-income producing security.
 
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2026 (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 Stocks1
$548,280,194
$—
$—
$548,280,194
Australia
—
1,352,326
—
1,352,326
Belgium
—
3,609,473
—
3,609,473
China
234,459
5,121,785
—
5,356,244
Denmark
—
8,182,872
—
8,182,872
France
—
10,186,431
—
10,186,431
Hong Kong
—
913,564
—
913,564
Japan
—
12,507,034
—
12,507,034
Netherlands
—
2,509,446
—
2,509,446
New Zealand
—
1,761,491
—
1,761,491
Republic of Korea
—
1,828,474
—
1,828,474
Switzerland
—
39,261,029
—
39,261,029
United Kingdom
—
41,588,774
—
41,588,774
Total
$548,514,653
$128,822,699
$—
$677,337,352
 
1
As categorized in the Portfolio Holdings.
  
13
Schwab Capital Trust
Schwab International Core Equity Fund
Portfolio Holdings as of January 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.8% OF NET ASSETS
 
Australia 4.9%
ANZ Group Holdings Ltd.
24,622
626,392
Aristocrat Leisure Ltd.
239,145
8,884,169
BHP Group Ltd.
250,535
8,629,015
Evolution Mining Ltd.
170,663
1,638,915
Fortescue Ltd.
227,600
3,295,845
Northern Star Resources Ltd.
266,644
4,901,796
Perseus Mining Ltd.
1,585,124
6,105,095
QBE Insurance Group Ltd.
327,147
4,483,803
Ramelius Resources Ltd.
707,740
2,179,708
Telstra Group Ltd.
1,632,195
5,545,048
 
46,289,786
 
Brazil 0.5%
BB Seguridade Participacoes SA
663,800
4,705,977
 
Canada 2.2%
Hudbay Minerals, Inc.
340,677
8,068,765
Suncor Energy, Inc.
37,800
1,997,919
Toronto-Dominion Bank
117,900
11,018,950
 
21,085,634
 
China 2.8%
Aluminum Corp. of China Ltd., H Shares
2,572,000
4,490,893
China Hongqiao Group Ltd.
293,500
1,342,372
China Life Insurance Co. Ltd., H Shares
1,162,000
5,171,176
NetEase, Inc.
136,300
3,534,268
New China Life Insurance Co. Ltd.,
H Shares
291,400
2,369,497
PetroChina Co. Ltd., H Shares
4,491,000
5,335,124
Sino Biopharmaceutical Ltd.
568,000
481,951
Tencent Holdings Ltd.
52,000
3,996,814
 
26,722,095
 
Denmark 1.0%
Novo Nordisk AS, Class B
100,640
5,975,925
Pandora AS
23,446
1,897,804
Rockwool AS, B Shares
53,654
1,811,894
 
9,685,623
 
Finland 2.2%
Konecranes OYJ
47,910
5,641,983
Nordea Bank Abp
353,215
6,815,279
Wartsila OYJ Abp
216,880
8,792,317
 
21,249,579
 
France 8.6%
AXA SA
67,991
3,100,327
BNP Paribas SA
185,340
20,041,262
Capgemini SE
16,942
2,632,415
Christian Dior SE
3,013
1,828,886
Credit Agricole SA
612,550
13,265,642
SECURITY
NUMBER
OF SHARES
VALUE ($)
Ipsen SA
67,349
11,002,485
LVMH Moet Hennessy Louis Vuitton SE
10,058
6,491,476
Safran SA
24,800
8,860,821
Sanofi SA
102,861
9,702,224
Societe Generale SA
49,184
4,309,966
 
81,235,504
 
Germany 9.4%
Allianz SE
21,277
9,368,723
Continental AG
154,834
12,183,769
Deutsche Bank AG
292,615
11,546,906
Deutsche Telekom AG
558,345
18,737,083
Fresenius Medical Care AG
26,210
1,179,947
Heidelberg Materials AG
19,374
5,305,969
IONOS Group SE *
17,983
579,772
Mercedes-Benz Group AG
105,688
7,223,163
Muenchener
Rueckversicherungs-Gesellschaft AG in
Muenchen
13,118
7,950,510
SAP SE
9,941
1,985,897
Siemens AG
18,887
5,710,109
Siemens Energy AG *
45,227
7,705,777
 
89,477,625
 
Greece 0.8%
Hellenic Telecommunications Organization
SA
189,129
3,547,193
OPAP SA
189,185
3,812,256
 
7,359,449
 
Hong Kong 0.4%
AIA Group Ltd.
90,400
1,042,988
Hong Kong Exchanges & Clearing Ltd.
24,600
1,356,224
WH Group Ltd.
1,388,000
1,637,973
 
4,037,185
 
Indonesia 0.5%
Jardine Matheson Holdings Ltd.
63,600
4,635,036
 
Ireland 0.5%
Ryanair Holdings PLC
139,491
4,734,232
 
Italy 1.5%
Enel SpA
643,639
7,111,276
UniCredit SpA
85,391
7,441,486
 
14,552,762
 
Japan 19.5%
Asics Corp.
170,200
4,097,170
Astellas Pharma, Inc.
498,100
6,928,514
Central Japan Railway Co.
299,000
8,341,522
Daiwa House Industry Co. Ltd.
243,000
8,279,998
Daiwa Securities Group, Inc.
253,000
2,465,329
Fast Retailing Co. Ltd.
2,900
1,106,445
14
  
Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hitachi Construction Machinery Co. Ltd.
320,200
10,470,217
Hitachi Ltd.
283,000
9,820,131
Honda Motor Co. Ltd.
151,000
1,518,687
Hoya Corp.
41,403
6,945,594
Hulic Co. Ltd.
321,500
3,831,287
Inpex Corp.
477,372
10,695,146
Japan Airlines Co. Ltd.
412,800
7,799,941
Japan Post Insurance Co. Ltd.
58,200
1,802,574
Japan Tobacco, Inc.
162,500
5,873,020
KDDI Corp.
117,700
1,987,244
MatsukiyoCocokara & Co.
79,500
1,272,945
Mitsubishi Corp.
171,500
4,556,125
Mitsubishi UFJ Financial Group, Inc.
813,619
14,734,928
Nomura Holdings, Inc.
449,200
4,070,802
ORIX Corp.
310,500
9,462,609
Otsuka Holdings Co. Ltd.
138,300
8,279,797
Recruit Holdings Co. Ltd.
268,300
14,132,370
Sanrio Co. Ltd.
62,900
1,946,028
Seibu Holdings, Inc.
237,400
6,290,193
SoftBank Corp.
5,639,900
7,666,085
Sony Group Corp.
560,000
12,346,828
Sumitomo Mitsui Financial Group, Inc.
48,500
1,706,737
Tokio Marine Holdings, Inc.
89,800
3,347,074
Tokyo Electron Ltd.
4,900
1,305,648
ZOZO, Inc.
234,300
1,935,190
 
185,016,178
 
Netherlands 5.9%
ABN AMRO Bank NV, GDR
109,673
4,040,709
AerCap Holdings NV
15,300
2,197,998
ASML Holding NV
20,268
29,062,391
Koninklijke Ahold Delhaize NV
302,023
11,809,142
Wolters Kluwer NV
98,322
9,232,729
 
56,342,969
 
Norway 0.7%
DNB Bank ASA
201,851
5,787,742
Kongsberg Gruppen ASA
17,294
594,067
 
6,381,809
 
Republic of Korea 3.4%
HD Korea Shipbuilding & Offshore
Engineering Co. Ltd.
3,847
1,101,910
Samsung Electronics Co. Ltd.
173,511
19,168,578
SK Hynix, Inc.
19,800
12,362,665
 
32,633,153
 
Singapore 1.0%
DBS Group Holdings Ltd.
32,000
1,487,436
Oversea-Chinese Banking Corp. Ltd.
154,000
2,570,189
Yangzijiang Shipbuilding Holdings Ltd.
1,935,800
5,084,014
 
9,141,639
 
South Africa 0.4%
Harmony Gold Mining Co. Ltd.
177,154
3,764,268
 
Spain 4.0%
Aena SME SA
287,486
8,928,611
Banco Santander SA
1,078,329
13,768,172
Industria de Diseno Textil SA
52,144
3,393,015
SECURITY
NUMBER
OF SHARES
VALUE ($)
International Consolidated Airlines Group
SA
1,604,175
9,216,110
Naturgy Energy Group SA
77,345
2,427,709
 
37,733,617
 
Sweden 2.8%
Atlas Copco AB, A Shares
728,104
15,015,096
Sandvik AB
33,935
1,339,969
Telefonaktiebolaget LM Ericsson, B Shares
964,081
10,441,154
 
26,796,219
 
Switzerland 10.9%
ABB Ltd.
171,587
14,773,301
Geberit AG
908
693,340
Holcim AG *
158,470
16,333,319
Logitech International SA
95,002
8,184,622
Nestle SA
114,343
10,911,354
Novartis AG
169,540
25,154,611
Roche Holding AG
50,387
22,912,962
Schindler Holding AG, Participation
Certificates
12,659
4,884,379
 
103,847,888
 
Taiwan 1.4%
Taiwan Semiconductor Manufacturing Co.
Ltd.
238,000
13,160,425
 
United Kingdom 14.5%
AstraZeneca PLC
42,216
7,865,437
BAE Systems PLC
200,078
5,431,505
Barclays PLC
578,066
3,858,052
British American Tobacco PLC
97,309
5,878,788
Centrica PLC
613,238
1,605,770
Fresnillo PLC
151,794
7,475,333
Games Workshop Group PLC
36,596
8,537,411
GSK PLC
670,915
17,350,976
Howden Joinery Group PLC
45,863
525,402
HSBC Holdings PLC
1,100,213
19,408,776
IMI PLC
91,214
3,444,448
Imperial Brands PLC
356,727
15,024,551
NatWest Group PLC
1,333,143
12,151,307
Rolls-Royce Holdings PLC
793,365
13,262,663
Shell PLC
412,231
15,845,952
 
137,666,371
Total Common Stocks
(Cost $691,765,120)
948,255,023
 
 
 
 
SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS
 
Money Market Funds 0.2%
State Street Institutional U.S. Government
Money Market Fund, Premier Class
3.65% (a)
1,819,717
1,819,717
Total Short-Term Investments
(Cost $1,819,717)
1,819,717
Total Investments in Securities
(Cost $693,584,837)
950,074,740
 
  
15
Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
*
Non-income producing security.
(a)
The rate shown is the annualized 7-day yield.
 
GDR —
Global Depositary Receipt
 
The following is a summary of the inputs used to value the fund’s investments as of January 31, 2026 (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 Stocks1
$—
$636,011,199
$—
$636,011,199
Brazil
4,705,977
—
—
4,705,977
Canada
21,085,634
—
—
21,085,634
Greece
3,812,256
3,547,193
—
7,359,449
Japan
1,272,945
183,743,233
—
185,016,178
Netherlands
2,197,998
54,144,971
—
56,342,969
Spain
2,427,709
35,305,908
—
37,733,617
Short-Term Investments1
1,819,717
—
—
1,819,717
Total
$37,322,236
$912,752,504
$—
$950,074,740
 
1
As categorized in the Portfolio Holdings.
16
  
Schwab Active Equity 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. 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 a fund’s portfolio holdings and the net asset value of a fund’s shares and seeks to help ensure that the prices at which a 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 a fund and that of its comparative index or benchmark.
● Futures contracts: Futures contracts are valued at their settlement prices as of the close of their exchanges.
● 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. In addition, international securities whose markets close
  
17
Schwab Active Equity Funds
Notes to Portfolio Holdings (Unaudited) (continued)
hours before the valuation of a fund’s holdings may require fair valuations due to significant movement in the U.S. markets occurring after the daily close of 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 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.
REG87636JAN26
18