Schwab Capital Trust
Schwab International Opportunities Fund
Portfolio Holdings as of July 31, 2026 (Unaudited)
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 93.1% OF NET ASSETS
 
Australia 3.1%
AGL Energy Ltd.
7,517
43,740
ALS Ltd.
69,385
1,047,244
Ansell Ltd.
1,825
41,912
Aristocrat Leisure Ltd.
9,286
417,360
Atlas Arteria Ltd.
4,949
17,478
Aurizon Holdings Ltd.
21,410
62,962
Beach Energy Ltd.
26,144
16,813
BHP Group Ltd.
81,550
3,437,378
BlueScope Steel Ltd.
7,016
160,921
Brambles Ltd.
24,823
340,763
Charter Hall Group
9,231
150,942
Cleanaway Waste Management Ltd.
27,184
44,641
Cochlear Ltd.
1,261
105,682
Codan Ltd.
34,223
961,215
Coles Group Ltd.
16,932
286,032
Computershare Ltd.
25,751
739,906
CSL Ltd.
6,463
558,793
Downer EDI Ltd.
9,025
49,100
Dyno Nobel Ltd.
27,899
73,846
Endeavour Group Ltd.
15,835
38,649
Evolution Mining Ltd.
39,995
317,133
Fortescue Ltd.
30,717
398,592
Genesis Minerals Ltd. *
514,903
2,062,696
Goodman Group
36,937
768,988
Harvey Norman Holdings Ltd.
5,946
20,479
HUB24 Ltd.
3,756
223,654
IGO Ltd. *
12,374
59,554
Iluka Resources Ltd.
4,156
17,573
Insurance Australia Group Ltd.
84,460
503,228
JB Hi-Fi Ltd.
2,106
121,152
Lottery Corp. Ltd.
26,783
104,935
Magellan Financial Group Ltd.
7,927
53,056
Medibank Pvt Ltd.
133,365
483,414
Netwealth Group Ltd.
5,834
88,061
New Hope Corp. Ltd.
6,944
25,359
NEXTDC Ltd. *
169,889
1,597,907
Northern Star Resources Ltd.
253,100
3,507,662
NRW Holdings Ltd.
196,608
963,173
Origin Energy Ltd.
18,982
143,208
Paladin Energy Ltd. *
266,753
1,763,413
PLS Group Ltd. *
190,330
553,028
Pro Medicus Ltd.
1,099
125,021
Qantas Airways Ltd.
11,685
81,316
QBE Insurance Group Ltd.
45,365
786,845
REA Group Ltd.
1,116
126,035
Reece Ltd.
2,496
28,025
Region Group
17,615
29,450
Rio Tinto Ltd.
6,934
826,406
SEEK Ltd.
4,418
45,584
SGH Ltd.
1,941
60,027
Sims Ltd.
2,840
50,727
Sonic Healthcare Ltd.
4,990
76,369
South32 Ltd.
87,209
278,031
Steadfast Group Ltd.
40,679
145,377
Stockland
35,777
107,094
Technology One Ltd.
4,307
93,938
Telix Pharmaceuticals Ltd. *
2,383
23,677
SECURITY
NUMBER
OF SHARES
VALUE ($)
Telstra Group Ltd.
58,242
205,616
TPG Telecom Ltd.
4,793
12,033
Transurban Group
33,087
343,601
Treasury Wine Estates Ltd.
9,414
32,559
Vicinity Ltd.
72,905
137,014
Washington H Soul Pattinson & Co. Ltd.
3,317
107,653
Wesfarmers Ltd.
17,970
1,125,557
Whitehaven Coal Ltd.
258,739
1,277,795
WiseTech Global Ltd.
2,922
75,314
Woodside Energy Group Ltd.
20,312
475,401
Woolworths Group Ltd.
17,595
490,999
Worley Ltd.
4,921
36,526
Yancoal Australia Ltd.
6,177
24,339
 
29,599,971
 
Austria 0.3%
ANDRITZ AG
1,161
109,363
AT&S Austria Technologie & Systemtechnik
AG *
7,383
1,130,642
Kontron AG *
50,784
1,312,324
Strabag SE
343
33,106
Telekom Austria AG
1,411
16,499
Verbund AG
1,450
99,526
 
2,701,460
 
Belgium 0.3%
Anheuser-Busch InBev SA
9,044
785,507
D'ieteren Group
432
89,167
Lotus Bakeries NV
7
89,783
Sofina SA
729
206,588
Syensqo SA
17,918
1,593,935
UCB SA
1,637
420,191
Warehouses De Pauw CVA
2,781
71,569
 
3,256,740
 
Brazil 0.9%
Arcos Dorados Holdings, Inc., Class A
173,109
1,414,300
Cosan SA *
641,612
515,148
Cury Construtora e Incorporadora SA
147,300
874,359
Embraer SA, ADR
26,105
1,783,755
NU Holdings Ltd., Class A *
271,416
3,889,391
 
8,476,953
 
Cambodia 0.0%
NagaCorp Ltd.
18,123
8,015
 
Canada 6.3%
Agnico Eagle Mines Ltd.
7,088
1,029,033
Alimentation Couche-Tard, Inc.
13,060
847,873
ARC Resources Ltd.
8,735
208,927
Aritzia, Inc. *
27,241
2,714,287
AtkinsRealis Group, Inc.
1,957
121,300
BCE, Inc.
4,943
107,227
Bird Construction, Inc.
31,884
1,520,907
Bombardier, Inc., Class B *
919
221,410
Brookfield Asset Management Ltd., Class A
20,195
976,868
  
1
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
CAE, Inc. *
3,418
88,166
Canadian National Railway Co.
8,331
1,059,315
Canadian Natural Resources Ltd.
24,303
1,157,723
Canadian Pacific Kansas City Ltd.
14,781
1,312,929
Canadian Tire Corp. Ltd., Class A
541
78,959
Celestica, Inc. *(a)
1,986
657,164
Celestica, Inc. *(a)
5,987
1,984,331
Cenovus Energy, Inc.
19,074
575,139
CGI, Inc.
2,491
182,332
Descartes Systems Group, Inc. *
969
72,773
Discovery Mining Ltd. *
122,644
765,513
DPM Metals, Inc.
52,954
1,861,521
Energy Fuels, Inc. *
121,824
1,393,667
Extendicare, Inc.
93,164
2,357,926
Finning International, Inc.
65,450
4,337,343
Franco-Nevada Corp.
2,427
516,338
George Weston Ltd.
1,818
135,872
Gildan Activewear, Inc.
2,574
142,485
Groupe Dynamite, Inc.
30,422
1,228,512
Hammond Power Solutions, Inc.
8,240
1,473,543
Hudbay Minerals, Inc.
86,368
1,959,815
Hydro One Ltd.
4,193
174,677
Imperial Oil Ltd.
2,883
373,781
Kinaxis, Inc. *
13,902
1,666,038
Kinross Gold Corp.
18,639
429,727
Kraken Robotics, Inc. *
383,452
1,589,226
Linamar Corp.
23,654
1,744,543
Loblaw Cos. Ltd.
7,321
343,685
Lundin Gold, Inc.
2,025
113,380
LunR Royalties Corp. *
451
5,968
Magna International, Inc.
4,255
291,811
MDA Space Ltd. *
64,653
1,957,323
Metro, Inc.
3,064
203,662
NexGen Energy Ltd. *
132,364
1,211,131
OceanaGold Corp.
53,637
1,293,241
Pan American Silver Corp. (a)
6,239
268,635
Pan American Silver Corp. (a)
25,844
1,114,135
Parex Resources, Inc.
81,594
1,413,206
RB Global, Inc.
2,186
239,768
Saputo, Inc.
3,940
110,821
Shopify, Inc., Class A *(a)
19,135
2,241,027
Shopify, Inc., Class A *(a)
33,121
3,880,125
Stantec, Inc.
1,637
115,525
Suncor Energy, Inc.
22,328
1,499,417
TELUS Corp.
7,453
71,135
Thomson Reuters Corp.
2,224
218,172
Tourmaline Oil Corp.
4,752
209,863
Trekor Metals Ltd. *
242,677
1,642,923
Vermilion Energy, Inc.
73,699
878,492
Waste Connections, Inc.
3,047
510,438
Wheaton Precious Metals Corp.
6,697
728,436
Whitecap Resources, Inc.
281,221
3,318,041
 
60,947,550
 
China 2.5%
AAC Technologies Holdings, Inc.
8,650
42,504
Budweiser Brewing Co. APAC Ltd.
27,863
23,341
BYD Co. Ltd., H Shares
183,156
2,189,599
Chow Tai Fook Jewellery Group Ltd.
20,902
32,920
Contemporary Amperex Technology Co.
Ltd., A Shares
33,300
1,950,786
GDS Holdings Ltd., ADR *
49,632
1,624,952
Meituan, B Shares *
209,949
2,478,758
Nexteer Automotive Group Ltd.
17,299
9,267
PDD Holdings, Inc., ADR *
22,004
1,948,674
Ping An Insurance Group Co. of China Ltd.,
H Shares
502,195
3,751,783
Shenzhou International Group Holdings Ltd.
10,927
62,102
SECURITY
NUMBER
OF SHARES
VALUE ($)
Silergy Corp.
208,000
2,590,742
SITC International Holdings Co. Ltd.
22,184
111,847
Tencent Holdings Ltd.
116,818
7,137,929
Xinyi Glass Holdings Ltd. (b)
23,699
28,141
 
23,983,345
 
Denmark 2.0%
AL Sydbank
20,142
1,939,550
ALK-Abello AS
12,960
443,863
AP Moller - Maersk AS, Class A
41
106,896
AP Moller - Maersk AS, Class B
60
161,108
Carlsberg AS, Class B
1,114
164,042
Coloplast AS, Class B
1,949
128,887
Demant AS *
959
41,509
Genmab AS *
1,263
363,540
ISS AS
139,706
6,191,954
NKT AS *
9,231
1,259,916
Novo Nordisk AS, Class B
155,639
7,361,970
Pandora AS
1,624
203,371
Rockwool AS, B Shares
1,728
55,211
Tryg AS
7,770
184,907
Vestas Wind Systems AS
16,227
436,790
 
19,043,514
 
Finland 0.8%
Elisa OYJ
2,104
84,852
Fortum OYJ
4,851
110,282
Hiab OYJ, B shares
34,095
2,317,004
Kesko OYJ, B Shares
2,511
62,567
Kone OYJ, B Shares
5,612
323,795
Metso OYJ
58,084
1,087,228
Nokia OYJ
61,034
564,133
Orion OYJ, B Shares
2,006
187,535
Sampo OYJ, A Shares
56,653
627,248
UPM-Kymmene OYJ
81,145
2,207,613
Valmet OYJ
1,688
50,898
Wartsila OYJ Abp
8,243
279,539
 
7,902,694
 
France 6.5%
Air Liquide SA
7,672
1,511,449
Alstom SA *
203,698
3,773,693
AXA SA
83,514
4,328,497
BioMerieux
896
71,418
BNP Paribas SA
19,681
2,500,837
Bollore SE
13,458
60,102
Bouygues SA
2,088
117,616
Bureau Veritas SA
4,953
158,447
Carrefour SA
7,477
137,218
Cie de Saint-Gobain SA
59,499
5,592,137
Cie Generale des Etablissements Michelin
SCA
9,822
397,010
Dassault Aviation SA
365
126,089
Dassault Systemes SE
8,772
204,081
Edenred SE
3,327
109,541
Eiffage SA
18,325
2,604,524
Exail Technologies SA *
5,957
857,951
Hermes International SCA
2,508
4,443,858
Ipsen SA
741
143,180
Kering SA
27,837
9,188,251
Klepierre SA
3,227
146,574
L'Oreal SA
7,603
3,386,340
LVMH Moet Hennessy Louis Vuitton SE
8,229
4,518,832
Nanobiotix SA *
35,297
1,372,496
Orange SA
26,674
509,679
Publicis Groupe SA
2,619
279,527
2
  
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Safran SA
7,159
2,813,353
Sanofi SA
51,811
4,461,531
Schneider Electric SE
6,870
2,308,219
Societe Generale SA
35,232
3,311,690
Sodexo SA
1,464
96,268
Thales SA
1,335
380,048
TotalEnergies SE
23,333
2,057,048
Vallourec SACA *
20,456
493,216
Worldline SA *
13,310
189,296
 
62,650,016
 
Germany 5.2%
adidas AG
5,827
1,078,129
Aumovio SE *
615
28,396
Auto1 Group SE *
49,351
1,296,005
Beiersdorf AG
2,324
215,879
Bilfinger SE
19,951
1,908,033
Continental AG
1,225
101,875
CTS Eventim AG & Co. KGaA
1,250
84,339
Daimler Truck Holding AG
21,880
1,237,547
Delivery Hero SE *
48,990
2,135,611
Deutsche Bank AG
62,802
2,311,489
Deutsche Lufthansa AG
151,950
1,594,416
Deutsche Post AG
11,451
764,947
Deutsche Telekom AG
146,950
4,535,020
Deutz AG
143,816
1,640,956
Duerr AG
25,182
519,953
DWS Group GmbH & Co. KGaA
1,117
94,217
Evonik Industries AG
2,900
58,666
flatexDEGIRO SE
63,216
2,661,716
Fresenius Medical Care AG
33,468
1,717,639
Fresenius SE & Co. KGaA
6,720
345,389
FUCHS SE
375
14,970
GEA Group AG
3,165
224,846
Henkel AG & Co. KGaA
1,465
120,042
Infineon Technologies AG
21,004
1,507,321
KION Group AG
27,416
1,240,642
Knorr-Bremse AG
848
100,858
Lanxess AG
24,871
475,074
Merck KGaA
1,581
261,289
MTU Aero Engines AG
744
311,943
Nordex SE *
47,460
2,120,497
Rational AG
106
82,527
RENK Group AG
1,084
60,158
Rheinmetall AG
878
1,160,671
RWE AG
10,766
708,219
Salzgitter AG
18,787
1,125,544
SAP SE
36,919
6,767,072
Scout24 SE
1,489
127,657
Siemens AG
16,872
5,528,050
Siemens Energy AG
20,946
3,578,477
Siemens Healthineers AG
3,672
156,371
Symrise AG
1,737
178,251
Traton SE
491
23,083
Zalando SE *
2,733
89,137
 
50,292,921
 
Greece 1.3%
Eurobank SA, Class A
161,258
833,308
GEK Terna SA
38,811
2,031,566
Jumbo SA
76,798
2,146,012
National Bank of Greece SA
404,440
7,567,494
 
12,578,380
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Guernsey 0.1%
Burford Capital Ltd.
284,998
1,174,192
 
Hong Kong 0.8%
BOC Hong Kong Holdings Ltd.
491,788
3,270,421
Cathay Pacific Airways Ltd.
13,299
24,741
CK Infrastructure Holdings Ltd.
6,414
51,161
CLP Holdings Ltd.
20,125
200,090
Galaxy Entertainment Group Ltd.
37,483
163,463
Hong Kong & China Gas Co. Ltd.
108,098
96,773
Hong Kong Exchanges & Clearing Ltd.
27,304
1,422,615
Johnson Electric Holdings Ltd.
7,826
18,565
Lenovo Group Ltd.
70,024
214,147
Man Wah Holdings Ltd.
24,054
9,660
MTR Corp. Ltd.
15,535
65,545
Orient Overseas International Ltd.
2,383
46,598
Power Assets Holdings Ltd.
23,920
180,080
Swire Pacific Ltd., A Shares
2,795
35,495
Techtronic Industries Co. Ltd.
24,656
414,220
VTech Holdings Ltd.
3,048
20,094
WH Group Ltd.
1,540,677
1,657,719
Yue Yuen Industrial Holdings Ltd.
9,797
17,731
 
7,909,118
 
India 0.6%
APL Apollo Tubes Ltd.
30,425
580,040
BlackBuck Ltd. *
103,736
590,238
Nippon Life India Asset Management Ltd.
190,715
2,319,963
Radico Khaitan Ltd.
53,788
2,446,318
 
5,936,559
 
Indonesia 0.1%
Bank Mandiri Persero Tbk. PT
2,153,300
501,008
First Pacific Co. Ltd.
21,418
15,288
Jardine Matheson Holdings Ltd.
1,907
126,653
 
642,949
 
Iraq 0.0%
United Energy Group Ltd. *
274,196
12,645
 
Ireland 1.0%
AIB Group PLC
239,207
2,845,037
Flutter Entertainment PLC *
14,292
1,493,085
Greencore Group PLC
315,997
1,109,005
James Hardie Industries PLC, CDI *
9,478
244,672
Jazz Pharmaceuticals PLC *
6,735
1,703,012
Kerry Group PLC, Class A
2,051
195,808
Octave Intelligence PLC *
11,315
202,839
Ryanair Holdings PLC
1,302
36,510
Smurfit Westrock PLC
36,860
1,694,454
 
9,524,422
 
Isle Of Man 0.0%
Entain PLC
5,692
41,672
 
Israel 1.2%
Amot Investments Ltd.
4,574
27,792
Azrieli Group Ltd.
427
56,369
Bezeq The Israeli Telecommunication Corp.
Ltd.
40,980
98,189
Big Shopping Centers Ltd.
245
55,063
Camtek Ltd. *
341
47,153
  
3
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Cellebrite DI Ltd. *
67,542
996,244
Check Point Software Technologies Ltd. *
19,574
2,488,443
Delek Group Ltd.
1,310
34,584
Delek Yizum Nechasim Ltd. *
131
2,891
Elbit Systems Ltd.
431
348,176
Energix-Renewable Energies Ltd.
3,059
22,167
Enlight Renewable Energy Ltd. *
1,387
117,714
Fattal Holdings 1998 Ltd. *
67
14,838
FIBI Holdings Ltd.
170
16,685
ICL Group Ltd.
13,789
70,463
Israel Corp. Ltd.
680
17,782
Meitav Investment House Ltd.
35,672
1,543,497
Melisron Ltd.
478
62,765
Menora Mivtachim Holdings Ltd.
401
62,706
Migdal Insurance & Financial Holdings Ltd. *
5,797
32,928
Mivne Real Estate KD Ltd.
6,980
30,801
Next Vision Stabilized Systems Ltd.
1,322
102,724
Nice Ltd. *
957
93,248
Nova Ltd. *(a)
448
178,022
Nova Ltd. *(a)
2,033
794,639
OPC Energy Ltd. *
1,108
34,764
Phoenix Financial Ltd.
25,662
1,438,855
Shufersal Ltd.
3,892
55,674
Strauss Group Ltd.
1,075
40,712
Teva Pharmaceutical Industries Ltd. *
17,205
612,141
Tower Semiconductor Ltd. *(a)
1,194
261,565
Tower Semiconductor Ltd. *(a)
7,559
1,660,486
 
11,420,080
 
Italy 1.8%
Avio SpA
42,827
1,440,666
Banca Monte dei Paschi di Siena SpA
55,984
749,815
BPER Banca SpA
147,909
2,403,403
Buzzi SpA
49,555
2,350,658
Enel SpA
102,058
1,152,582
Infrastrutture Wireless Italiane SpA
4,310
31,978
Interpump Group SpA
816
32,850
Italgas SpA
7,842
80,899
Leonardo SpA
4,690
298,915
Lottomatica Group SpA
66,814
1,806,260
Moncler SpA
4,770
271,311
Pirelli & C SpA
4,585
34,927
PRADA SpA
349,714
1,920,840
Recordati Industria Chimica e Farmaceutica
SpA
1,315
78,333
Reply SpA
457
57,994
Technogym SpA
71,226
1,114,364
Telecom Italia SpA *
29,225
248,174
Terna - Rete Elettrica Nazionale
19,731
226,199
UniCredit SpA
31,488
2,969,691
 
17,269,859
 
Japan 17.2%
ABC-Mart, Inc.
1,907
32,637
Acom Co. Ltd.
2,878
8,568
Advantest Corp.
16,423
3,244,888
Air Water, Inc.
2,071
32,480
Aisin Corp.
7,626
105,137
Ajinomoto Co., Inc.
12,857
396,489
Alps Alpine Co. Ltd.
1,971
26,999
ALSOK Co. Ltd.
6,126
45,029
Amada Co. Ltd.
6,579
112,870
Amano Corp.
36,591
886,375
Asahi Intecc Co. Ltd.
113,772
2,566,826
Asics Corp.
55,447
1,634,823
Azbil Corp.
11,010
114,009
Bandai Namco Holdings, Inc.
11,569
335,145
SECURITY
NUMBER
OF SHARES
VALUE ($)
BayCurrent, Inc.
33,707
1,520,324
Bic Camera, Inc.
1,236
13,521
BIPROGY, Inc.
1,430
43,883
Blue Zones Holdings Co. Ltd.
1,560
17,536
Bridgestone Corp.
12,875
317,954
Brother Industries Ltd.
3,719
92,615
BuySell Technologies Co. Ltd.
62,900
1,161,837
Calbee, Inc.
1,265
23,089
Canon Marketing Japan, Inc.
2,172
48,807
Canon, Inc.
12,557
349,525
Capcom Co. Ltd.
7,297
183,303
Casio Computer Co. Ltd.
209,271
2,299,562
Chugai Pharmaceutical Co. Ltd.
10,274
445,803
Chugoku Electric Power Co., Inc.
2,883
16,895
COMSYS Holdings Corp.
2,271
74,542
Cosmo Energy Holdings Co. Ltd.
1,348
33,545
Cosmos Pharmaceutical Corp.
577
23,273
Dai Nippon Printing Co. Ltd.
8,238
149,373
Daicel Corp.
3,336
30,101
Daido Steel Co. Ltd.
1,542
21,674
Daifuku Co. Ltd.
7,912
291,448
Daikin Industries Ltd.
4,143
600,133
Daito Trust Construction Co. Ltd.
6,708
142,040
Denso Corp.
39,949
490,530
Dentsu Soken, Inc.
1,236
20,946
Dexerials Corp.
2,748
55,471
DIC Corp.
641
17,627
Disco Corp.
1,677
599,417
Ebara Corp.
7,956
270,087
Electric Power Development Co. Ltd.,
Class C
1,759
41,612
ENEOS Holdings, Inc.
30,034
248,037
Ezaki Glico Co. Ltd.
624
19,821
FANUC Corp.
20,054
808,085
Fast Retailing Co. Ltd.
3,748
1,835,280
Food & Life Cos. Ltd.
70,066
2,446,245
Fuji Electric Co. Ltd.
2,713
236,762
Fujikura Ltd.
33,438
848,534
Fujitsu Ltd.
21,831
503,189
Furukawa Electric Co. Ltd.
40,950
781,405
Furuno Electric Co. Ltd.
20,646
929,561
GMO Payment Gateway, Inc.
953
59,385
Goldwin, Inc.
1,724
24,764
GS Yuasa Corp.
624
21,014
Hakuhodo DY Holdings, Inc.
2,725
22,240
Harmonic Drive Systems, Inc.
841
31,579
Haseko Corp.
119,514
2,079,508
Hirose Electric Co. Ltd.
494
83,243
Hitachi Construction Machinery Co. Ltd.
789
26,298
Hitachi Ltd.
198,698
6,511,440
Horiba Ltd.
559
87,736
Hoshizaki Corp.
1,942
69,259
House Foods Group, Inc.
1,100
26,777
Hoya Corp.
7,185
1,098,708
Idemitsu Kosan Co. Ltd.
14,511
118,795
IHI Corp.
12,493
218,440
Inpex Corp.
56,333
1,298,401
Internet Initiative Japan, Inc.
2,289
50,248
Invincible Investment Corp.
86
32,957
Isetan Mitsukoshi Holdings Ltd.
5,620
125,435
Isuzu Motors Ltd.
5,867
87,533
ITOCHU Corp.
147,541
1,851,582
Iwatani Corp.
2,307
29,366
Japan Airlines Co. Ltd.
1,595
29,419
Japan Airport Terminal Co. Ltd.
953
33,713
Japan Elevator Service Holdings Co. Ltd.
118,347
1,254,288
Japan Hotel REIT Investment Corp.
43
21,911
Japan Logistics Fund, Inc.
25
15,503
Jeol Ltd.
1,036
52,594
4
  
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
JGC Holdings Corp.
4,272
59,749
JMDC, Inc.
465
9,080
JTEKT Corp.
116,693
1,597,900
Justsystems Corp.
494
12,534
JX Advanced Metals Corp.
6,179
143,156
Kakaku.com, Inc.
2,677
62,185
Kamigumi Co. Ltd.
1,777
57,707
Kandenko Co. Ltd.
1,777
59,107
Kaneka Corp.
330
11,740
Kansai Paint Co. Ltd.
1,659
29,367
Kao Corp.
13,316
273,725
Kawasaki Kisen Kaisha Ltd.
7,432
132,430
KDDI Corp.
158,324
2,916,916
KDX Realty Investment Corp.
60
58,641
Keihan Holdings Co. Ltd.
741
15,187
Kewpie Corp.
1,595
45,643
Keyence Corp.
3,913
1,962,708
Kikkoman Corp.
14,199
146,235
Kinden Corp.
69,564
3,061,400
Kioxia Holdings Corp. *
953
265,636
Kobayashi Pharmaceutical Co. Ltd.
459
16,114
Kobe Bussan Co. Ltd.
2,318
40,527
Koei Tecmo Holdings Co. Ltd.
2,283
23,114
Koito Manufacturing Co. Ltd.
4,048
67,654
Kokusai Electric Corp.
58,716
2,643,084
Kokuyo Co. Ltd.
6,861
39,064
Komatsu Ltd.
13,858
601,302
Konami Group Corp.
1,907
245,659
Kose Holdings Corp.
577
20,536
Kotobuki Spirits Co. Ltd.
2,389
38,089
Kraftia Corp.
477
25,084
K's Holdings Corp.
1,971
23,347
Kuraray Co. Ltd.
4,095
46,967
Kurita Water Industries Ltd.
2,218
119,189
Kyoto Financial Group, Inc.
77,800
2,144,477
Kyushu Electric Power Co., Inc.
5,208
57,700
LaSalle Logiport REIT
12
11,479
Lasertec Corp.
1,742
400,193
Lion Corp.
4,531
48,573
M3, Inc.
82,806
927,690
Mabuchi Motor Co. Ltd.
3,478
36,028
Macnica Holdings, Inc.
129,946
2,630,708
Makita Corp.
5,031
162,051
Maruichi Steel Tube Ltd.
3,701
41,331
Maruwa Co. Ltd.
3,055
1,034,439
MatsukiyoCocokara & Co.
166,715
2,655,725
McDonald's Holdings Co. Japan Ltd.
1,412
71,707
Mebuki Financial Group, Inc.
54,000
500,363
Medipal Holdings Corp.
3,201
57,639
MEIJI Holdings Co. Ltd.
4,490
106,927
Meiko Electronics Co. Ltd.
7,300
916,950
Metaplanet, Inc. *
34,165
49,752
MISUMI Group, Inc.
6,167
146,719
Mitsubishi Chemical Group Corp.
15,711
115,615
Mitsubishi Corp.
47,687
1,425,496
Mitsubishi Electric Corp.
39,584
1,425,938
Mitsubishi Gas Chemical Co., Inc.
1,759
45,436
Mitsubishi Heavy Industries Ltd.
47,046
1,099,104
Mitsubishi Logistics Corp.
4,631
46,433
Mitsubishi Materials Corp.
1,283
33,300
Mitsubishi Motors Corp. (b)
6,479
14,834
Mitsubishi UFJ Financial Group, Inc.
201,289
4,496,091
Mitsui & Co. Ltd.
35,112
1,077,386
Mitsui Chemicals, Inc.
3,943
51,842
Mitsui Fudosan Accommodations Fund, Inc.
21
16,179
Mitsui Fudosan Retail Fund Investment
Corp.
25
12,864
Mitsui Kinzoku Co. Ltd.
971
182,813
Miura Co. Ltd.
877
17,584
SECURITY
NUMBER
OF SHARES
VALUE ($)
Modec, Inc.
953
61,551
Monogatari Corp.
61,091
2,098,687
MonotaRO Co. Ltd.
5,290
66,756
Morinaga Milk Industry Co. Ltd.
182,900
1,369,120
Murata Manufacturing Co. Ltd.
28,933
1,318,312
Nabtesco Corp.
1,118
32,135
Nagase & Co. Ltd.
4,472
31,542
NANKAI Co. Ltd.
606
11,345
Nexon Co. Ltd.
7,102
111,306
Nextage Co. Ltd.
47,000
979,386
NGK Corp.
3,401
116,363
NH Foods Ltd.
1,036
40,696
NHK Spring Co. Ltd.
2,660
58,971
Nichias Corp.
3,254
67,443
Nichirei Corp.
1,807
25,026
NIDEC Corp.
13,870
222,722
Nifco, Inc.
1,430
46,292
Nikkon Holdings Co. Ltd.
871
27,491
Nintendo Co. Ltd.
14,087
671,980
Nippon Electric Glass Co. Ltd.
741
24,411
Nippon Kayaku Co. Ltd.
2,783
33,444
Nippon Sanso Holdings Corp.
2,318
83,330
Nippon Shinyaku Co. Ltd.
806
17,144
Nippon Shokubai Co. Ltd.
2,466
33,173
Nippon Television Holdings, Inc.
989
18,060
Nippon Yusen KK
7,644
293,510
Nissan Chemical Corp.
2,954
137,310
Nisshin Seifun Group, Inc.
2,960
37,441
Nissin Foods Holdings Co. Ltd.
2,224
40,206
Niterra Co. Ltd.
45,000
2,627,938
Nitto Denko Corp.
15,388
324,939
NOF Corp.
4,437
77,095
NOK Corp.
1,412
26,683
Nomura Holdings, Inc.
210,774
2,039,131
NS Solutions Corp. (b)
1,265
31,201
NSK Ltd.
172,472
1,228,509
Obayashi Corp.
9,433
185,399
OBIC Business Consultants Co. Ltd.
494
25,070
Obic Co. Ltd.
6,084
174,511
Olympus Corp.
15,300
174,869
Omron Corp.
2,236
74,771
Open House Group Co. Ltd.
1,430
75,987
Oracle Corp. Japan
706
39,666
Organo Corp.
477
42,916
Oriental Land Co. Ltd.
18,954
378,315
Otsuka Corp.
2,430
50,142
Otsuka Holdings Co. Ltd.
40,790
2,828,354
Park24 Co. Ltd.
1,377
17,043
Persol Holdings Co. Ltd.
37,831
62,725
Pola Orbis Holdings, Inc.
1,277
10,746
Recruit Holdings Co. Ltd.
31,711
2,507,732
Relo Group, Inc.
2,383
30,066
Renesas Electronics Corp.
170,132
3,410,084
Resonac Holdings Corp.
19,565
1,629,746
Resorttrust, Inc.
3,189
35,768
Rinnai Corp.
2,089
46,715
Rorze Corp.
1,989
47,901
Round One Corp.
1,359
10,326
Ryohin Keikaku Co. Ltd.
6,967
182,746
Sankyo Co. Ltd.
180,332
2,092,717
Sankyu, Inc.
577
34,131
Sanrio Co. Ltd.
20,520
164,116
Santen Pharmaceutical Co. Ltd.
6,314
74,544
Sanwa Holdings Corp.
51,511
1,104,193
Sawai Group Holdings Co. Ltd.
1,812
18,717
SCREEN Holdings Co. Ltd.
30,734
2,344,532
Secom Co. Ltd.
7,891
339,913
Seibu Holdings, Inc.
3,801
85,123
Seiko Group Corp.
37,044
1,811,196
  
5
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Seino Holdings Co. Ltd.
1,248
20,607
Sekisui Chemical Co. Ltd.
7,544
125,558
SG Holdings Co. Ltd.
4,837
48,080
SHIFT, Inc. *
2,813
15,806
Shikoku Electric Power Co., Inc.
1,565
16,240
Shimadzu Corp.
5,325
135,428
Shimamura Co. Ltd.
95,146
2,003,325
Shimano, Inc.
1,283
161,953
Shin-Etsu Chemical Co. Ltd.
38,219
1,362,511
Shionogi & Co. Ltd.
10,751
194,392
Ship Healthcare Holdings, Inc.
63,903
1,023,725
SHO-BOND Holdings Co. Ltd.
3,913
32,387
Sinfonia Technology Co. Ltd.
29,962
2,437,757
SKY Perfect JSAT Corp.
2,830
36,862
SMC Corp.
8,591
3,711,830
Socionext, Inc.
2,713
31,853
Sojitz Corp.
43,017
1,437,219
Sompo Holdings, Inc.
47,545
2,110,836
Sony Financial Group, Inc.
73,331
71,093
Sony Group Corp.
70,701
1,652,202
Square Enix Holdings Co. Ltd.
4,307
74,836
Stanley Electric Co. Ltd.
1,936
42,187
Subaru Corp.
8,450
143,840
SUMCO Corp.
25,300
514,349
Sumitomo Bakelite Co. Ltd.
1,036
41,483
Sumitomo Chemical Co. Ltd.
23,220
75,135
Sumitomo Corp.
125,792
1,305,716
Sumitomo Electric Industries Ltd.
38,832
513,945
Sumitomo Metal Mining Co. Ltd.
32,413
1,629,253
Sumitomo Mitsui Financial Group, Inc.
21,420
920,394
Sundrug Co. Ltd.
1,100
26,134
Suntory Beverage & Food Ltd.
1,777
51,519
Suruga Bank Ltd.
291,111
4,714,374
Suzuken Co. Ltd.
59,587
1,901,004
Suzuki Motor Corp.
22,514
293,888
SWCC Corp.
23,116
1,593,437
Sysmex Corp.
7,214
72,843
Taisei Corp.
12,394
1,003,944
Taiyo Holdings Co. Ltd.
1,236
36,459
Takasago Thermal Engineering Co. Ltd.
1,018
26,959
TBS Holdings, Inc.
74,311
2,796,921
TDK Corp.
32,811
630,905
Teijin Ltd.
2,860
29,148
Terumo Corp.
23,920
350,904
TISI, Inc.
2,648
63,484
Toda Corp.
1,795
16,664
Toei Animation Co. Ltd.
1,071
19,777
Toho Co. Ltd.
10,033
95,976
Toho Gas Co. Ltd.
6,120
44,324
Tokyo Electron Ltd.
9,797
3,275,500
Tokyo Ohka Kogyo Co. Ltd.
36,742
1,989,867
Tokyo Seimitsu Co. Ltd.
16,300
1,697,291
Tomy Co. Ltd.
1,742
39,627
TOPPAN Holdings, Inc.
41,207
1,155,479
Toray Industries, Inc.
21,013
150,942
Toridoll Holdings Corp.
330
9,014
Tosoh Corp.
4,307
72,437
TOTO Ltd.
2,777
120,520
Toyo Seikan Group Holdings Ltd.
1,265
32,142
Toyo Suisan Kaisha Ltd.
1,989
129,057
Toyo Tire Corp.
1,265
33,553
Toyoda Gosei Co. Ltd.
871
30,070
Toyota Boshoku Corp.
983
13,716
Toyota Tsusho Corp.
69,824
2,898,068
Trend Micro, Inc.
2,677
107,861
Tsuruha Holdings, Inc.
4,427
67,446
UBE Corp.
1,100
21,783
Ulvac, Inc.
559
29,483
Unicharm Corp.
17,188
109,023
SECURITY
NUMBER
OF SHARES
VALUE ($)
USS Co. Ltd.
131,581
1,661,720
Visional, Inc. *
459
25,291
Workman Co. Ltd.
494
18,119
Yakult Honsha Co. Ltd.
3,154
55,818
Yamaha Corp.
8,326
64,540
Yamato Kogyo Co. Ltd.
641
53,962
Yamazaki Baking Co. Ltd.
1,759
37,173
Yaskawa Electric Corp.
52,911
1,575,573
Yokogawa Electric Corp.
5,325
189,915
Zenkoku Hosho Co. Ltd.
5,802
114,140
Zeon Corp.
2,954
41,425
ZOZO, Inc.
9,315
66,918
 
165,978,313
 
Jersey 0.6%
CVC Capital Partners PLC
7,295
122,484
Experian PLC
13,159
496,485
TP ICAP Group PLC
520,194
2,402,574
Wise Group PLC, Class A *
195,294
2,332,587
Wizz Air Holdings PLC *
37,787
546,416
 
5,900,546
 
Kazakhstan 0.2%
Kaspi.KZ JSC, ADR
18,697
1,659,920
 
Luxembourg 1.1%
Allegro.eu SA *
12,633
152,179
InPost SA *
3,044
54,292
Millicom International Cellular SA
20,957
2,000,974
RTL Group SA
464
17,371
Samsonite Group SA
11,315
20,362
Spotify Technology SA *
16,480
8,239,011
Tenaris SA
5,523
158,453
 
10,642,642
 
Macau 0.0%
MGM China Holdings Ltd.
12,405
17,956
Sands China Ltd.
19,277
36,150
Wynn Macau Ltd.
25,372
18,392
 
72,498
 
Mexico 0.2%
Vista Energy SAB de CV, ADR *
29,486
2,077,289
 
Netherlands 7.0%
Adyen NV *
4,856
4,939,600
Airbus SE
7,261
1,704,582
Argenx SE *
1,121
960,133
ASM International NV
3,372
3,122,974
ASML Holding NV
14,941
24,621,945
ASR Nederland NV
35,054
2,865,904
CTP NV
2,403
43,421
EXOR NV
5,178
414,658
Ferrari NV
16,649
6,546,270
Heineken Holding NV
1,396
117,440
Heineken NV
31,432
2,845,863
ING Groep NV, Series N
215,896
7,586,919
Koninklijke Ahold Delhaize NV
46,007
1,822,900
Koninklijke BAM Groep NV
115,827
1,553,307
Koninklijke KPN NV
57,352
270,807
Koninklijke Philips NV
106,708
2,811,525
Magnum Ice Cream Co. NV *
7,079
132,292
Prosus NV *
84,591
3,931,180
6
  
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Qiagen NV
2,893
119,044
SBM Offshore NV
23,635
882,670
Wolters Kluwer NV
4,407
345,987
 
67,639,421
 
New Zealand 0.1%
a2 Milk Co. Ltd.
13,905
67,164
Contact Energy Ltd.
14,269
76,306
Fisher & Paykel Healthcare Corp. Ltd.,
Class C
13,441
321,466
Mainfreight Ltd.
1,381
56,310
Mercury NZ Ltd.
7,708
30,417
Ryman Healthcare Ltd. *
7,793
9,835
Spark New Zealand Ltd.
24,984
28,246
 
589,744
 
Norway 0.7%
Aker ASA, A Shares
914
122,953
Aker BP ASA
4,055
144,579
DOF Group ASA
82,149
1,079,140
Equinor ASA
10,379
426,067
Kitron ASA
206,369
1,887,874
Kongsberg Gruppen ASA
8,956
279,902
Kongsberg Maritime AS *
8,924
50,187
Norsk Hydro ASA
141,423
1,304,489
Orkla ASA
10,632
118,100
Salmar ASA
27,755
1,513,150
Telenor ASA
7,027
99,205
Var Energi ASA
8,243
41,413
Vend Marketplaces ASA, B Shares
2,952
74,886
 
7,141,945
 
Panama 0.0%
Intercorp Financial Services, Inc.
8,236
480,241
 
Poland 0.5%
Dino Polska SA *
8,289
71,073
KGHM Polska Miedz SA
2,216
183,694
LPP SA
13
75,619
Powszechna Kasa Oszczednosci Bank Polski
SA
149,282
4,471,426
 
4,801,812
 
Portugal 0.0%
EDP SA
34,931
179,870
Galp Energia SGPS SA
6,258
142,123
Jeronimo Martins SGPS SA
3,835
76,911
 
398,904
 
Republic of Korea 5.5%
Alteogen, Inc. *
516
110,594
Amorepacific Corp.
503
45,358
BGF retail Co. Ltd.
188
16,294
Celltrion Pharm, Inc.
423
11,843
Celltrion, Inc. *
2,526
325,531
Cheil Worldwide, Inc.
1,287
16,999
CJ Corp.
156
13,992
Coupang, Inc., Class A *
138,705
2,267,827
D'Alba Global Co. Ltd.
11,202
1,710,567
DB Insurance Co. Ltd.
1,022
110,672
Dongsuh Cos., Inc.
764
13,575
Doosan Bobcat, Inc.
322
13,256
Eo Technics Co. Ltd.
5,292
1,073,054
SECURITY
NUMBER
OF SHARES
VALUE ($)
F&F Co. Ltd.
241
13,529
GS Holdings Corp.
467
28,893
Han Kuk Carbon Co. Ltd. *
49,810
743,016
Hanjin Kal Corp.
320
24,452
Hankook Tire & Technology Co. Ltd.
1,035
48,216
Hanmi Pharm Co. Ltd.
93
21,439
Hanmi Semiconductor Co. Ltd.
924
133,573
Hanwha Corp. (c)
229
14,004
Hanwha Systems Co. Ltd.
644
28,205
Hanwha Vision Co. Ltd. *
373
10,596
HD Hyundai Co. Ltd.
448
61,517
HD Hyundai Electric Co. Ltd.
484
223,816
HD Hyundai Heavy Industries Co. Ltd.
665
222,652
HD Hyundai Marine Solution Co. Ltd.,
Class C
209
26,543
HD Korea Shipbuilding & Offshore
Engineering Co. Ltd.
933
247,767
HMM Co. Ltd.
5,377
78,349
Hyundai Autoever Corp.
104
26,020
Hyundai Engineering & Construction Co.
Ltd.
722
46,782
Hyundai Glovis Co. Ltd.
620
85,030
Hyundai Marine & Fire Insurance Co. Ltd. *
984
26,174
Hyundai Mobis Co. Ltd.
885
286,214
Hyundai Rotem Co. Ltd.
1,402
130,288
Hyundai Steel Co.
715
12,985
ISC Co. Ltd.
14,608
1,287,209
Kakaopay Corp. *
541
16,004
Kangwon Land, Inc.
2,344
24,044
KCC Corp.
50
13,162
KEPCO Plant Service & Engineering Co. Ltd.
385
12,011
Kia Corp.
4,449
401,123
KIWOOM Securities Co. Ltd.
8,628
1,722,800
Korea Zinc Co. Ltd.
72
49,094
Krafton, Inc. *
564
95,313
KT&G Corp.
1,963
244,273
Kumho Petrochemical Co. Ltd.
226
17,962
LG CNS Co. Ltd.
784
33,661
LG Corp.
1,823
126,392
LG H&H Co. Ltd.
184
36,764
LG Innotek Co. Ltd.
114
39,374
LG Uplus Corp.
3,315
33,990
LIG Defense&Aerospace Co. Ltd.
245
119,712
LS Corp.
173
31,221
NAVER Corp.
1,846
264,275
NC Corp.
240
39,021
NH Investment & Securities Co. Ltd.,
Class C
1,567
30,692
NongShim Co. Ltd.
44
11,761
Orion Corp.
393
36,041
Posco DX Co. Ltd.
1,030
13,676
S-1 Corp.
374
18,522
Samsung Biologics Co. Ltd. *
248
255,152
Samsung C&T Corp.
1,665
387,883
Samsung Card Co. Ltd.
368
12,054
Samsung E&A Co. Ltd.
3,210
95,022
Samsung Electro-Mechanics Co. Ltd.
855
653,345
Samsung Electronics Co. Ltd.
97,583
16,984,788
Samsung Episholdings Co. Ltd. *
144
37,390
Samsung Heavy Industries Co. Ltd. *
8,454
125,695
Samsung SDS Co. Ltd.
605
85,285
Samyang Foods Co. Ltd.
1,659
1,352,604
SK Biopharmaceuticals Co. Ltd. *
574
31,537
SK Hynix, Inc.
13,731
15,593,679
SK Square Co. Ltd. *
4,789
3,292,978
  
7
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Youngone Corp.
22,074
1,371,259
Yuhan Corp.
740
37,787
 
53,304,177
 
Singapore 1.2%
BOC Aviation Ltd.
1,542
15,200
CapitaLand Ascendas REIT *
46,544
93,227
CapitaLand Ascott Trust
23,560
16,621
CapitaLand Integrated Commercial Trust *
64,669
125,506
ComfortDelGro Corp. Ltd.
26,468
27,666
Frasers Logistics & Commercial Trust *
21,747
16,787
Genting Singapore Ltd.
102,042
50,506
Hutchison Port Holdings Trust, U Shares
75,704
14,611
Jardine Cycle & Carriage Ltd.
741
16,981
Keppel DC REIT *
31,573
54,904
Keppel Ltd.
14,205
126,864
Mapletree Industrial Trust *
25,373
38,182
Mapletree Pan Asia Commercial Trust
23,697
24,575
Netlink NBN Trust
36,607
28,805
SATS Ltd.
10,798
39,811
Sea Ltd., ADR *
59,734
6,376,007
Seatrium Ltd.
20,542
34,414
SIA Engineering Co. Ltd.
5,354
12,946
Singapore Airlines Ltd.
15,052
90,294
Singapore Exchange Ltd.
36,954
704,498
Singapore Technologies Engineering Ltd.
21,296
167,339
Singapore Telecommunications Ltd.
82,634
285,905
United Overseas Bank Ltd.
32,686
1,105,410
Venture Corp. Ltd.
135,587
1,689,384
 
11,156,443
 
South Africa 0.1%
Impala Platinum Holdings Ltd.
104,291
1,137,418
 
Spain 1.1%
Acciona SA
285
78,388
ACS Actividades de Construccion y
Servicios SA
2,670
340,347
Aena SME SA
11,765
362,689
Amadeus IT Group SA
7,951
490,712
Endesa SA
60,986
2,969,709
Iberdrola SA
83,074
1,973,305
Industria de Diseno Textil SA
24,665
1,609,727
International Consolidated Airlines Group
SA
24,320
142,562
Naturgy Energy Group SA
1,198
39,965
Redeia Corp. SA
5,003
88,238
Sacyr SA
178,420
969,909
Tecnicas Reunidas SA *
51,989
1,692,701
Telefonica SA
56,768
234,377
 
10,992,629
 
Sweden 2.4%
AAK AB
1,445
31,181
AddTech AB, B Shares
2,705
98,425
Alfa Laval AB
3,882
229,729
Asmodee Group AB, Class B *
119,179
1,859,874
Atlas Copco AB, A Shares
36,775
777,049
Atlas Copco AB, B Shares
109,084
2,015,605
BioGaia AB, Class B
133,062
1,616,245
Boliden AB
4,044
203,484
Bravida Holding AB
156,728
2,159,524
Electrolux AB, Class B *
484,377
1,418,172
Epiroc AB, A Shares
5,220
133,823
Epiroc AB, B Shares
2,979
65,316
SECURITY
NUMBER
OF SHARES
VALUE ($)
EQT AB
19,411
659,309
Essity AB, B Shares
7,171
208,323
Evolution AB *
2,186
166,838
H & M Hennes & Mauritz AB, B Shares
4,359
79,830
Hexagon AB, B Shares
239,917
2,368,117
Holmen AB, B Shares
1,197
40,594
Industrivarden AB, A Shares
3,799
219,062
Industrivarden AB, C Shares
5,265
301,283
Investment AB Latour, B Shares
1,195
25,210
Investor AB, A Shares
18,531
786,336
Investor AB, B Shares
68,076
2,940,738
Kinnevik AB, Class B *
98,281
542,320
Lifco AB, B Shares
1,919
65,357
Saab AB, B Shares
4,329
272,025
Sagax AB, B Shares
2,934
51,575
Sandvik AB
9,232
345,228
Sinch AB *
229,207
969,375
Skanska AB, B Shares
3,320
93,160
SSAB AB, A Shares
2,315
24,372
SSAB AB, B Shares
6,237
65,693
Sweco AB, B Shares
2,566
36,226
Swedish Orphan Biovitrum AB *
1,711
84,791
Tele2 AB, B Shares
6,036
104,568
Telefonaktiebolaget LM Ericsson, ADR
110,629
1,085,271
Telefonaktiebolaget LM Ericsson, B Shares
40,546
398,838
Telia Co. AB
19,984
92,610
Trelleborg AB, B Shares
1,677
74,549
Volvo Car AB, B Shares *
8,918
18,914
 
22,728,939
 
Switzerland 4.0%
ABB Ltd.
27,180
2,681,549
Accelleron Industries AG
18,172
1,645,229
Bachem Holding AG
439
40,809
Belimo Holding AG
204
212,730
BKW AG
287
47,413
Chocoladefabriken Lindt & Spruengli AG
2
235,501
Chocoladefabriken Lindt & Spruengli AG,
Participation Certificates
17
196,215
Coca-Cola HBC AG *
3,287
221,642
DSM-Firmenich AG
2,799
301,754
EMS-Chemie Holding AG
150
151,896
Flughafen Zurich AG
284
83,482
Geberit AG
650
428,285
Givaudan SA
90
359,717
Holcim AG *
6,488
589,267
Idorsia Ltd. *
68,923
522,166
Kuehne & Nagel International AG
860
219,009
Kuros Biosciences AG *
26,684
751,983
Landis & Gyr Group AG *
15,835
897,025
Logitech International SA
3,198
326,613
Lonza Group AG
2,554
1,780,081
Nestle SA
30,715
3,069,994
Novartis AG
49,412
7,727,629
Partners Group Holding AG
1,121
934,386
Roche Holding AG
22,196
9,701,702
Roche Holding AG, Bearer Shares
451
199,926
Schindler Holding AG
394
120,514
Schindler Holding AG, Participation
Certificates
794
249,935
SGS SA
1,829
216,730
SIG Group AG *
3,401
61,801
Sika AG
7,337
1,650,756
Sonova Holding AG
851
231,858
Straumann Holding AG
2,136
264,523
Swatch Group AG
758
33,965
Swatch Group AG, Bearer Shares
413
92,337
Temenos AG
745
61,973
8
  
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
UBS Group AG
30,957
1,636,314
VAT Group AG
588
440,105
 
38,386,814
 
Taiwan 3.1%
All Ring Tech Co. Ltd. *
29,000
804,582
ASPEED Technology, Inc.
6,600
2,882,520
Bizlink Holding, Inc.
29,434
1,874,039
Compeq Manufacturing Co. Ltd.
141,000
721,397
Hiwin Technologies Corp.
112,000
1,042,336
King Yuan Electronics Co. Ltd.
248,850
1,680,777
Nanya Technology Corp.
182,000
1,945,804
Parade Technologies Ltd.
66,000
1,131,010
Taiwan Semiconductor Manufacturing Co.
Ltd.
218,000
16,124,422
Taiwan Union Technology Corp.
37,000
1,238,834
 
29,445,721
 
Thailand 0.0%
Thai Beverage PCL
104,682
37,609
 
United Arab Emirates 0.1%
Emaar Properties PJSC
169,017
504,443
 
United Kingdom 10.2%
3i Group PLC
48,119
1,852,475
Admiral Group PLC
12,600
638,725
Airtel Africa PLC
4,149
18,728
Antofagasta PLC
4,305
214,565
Associated British Foods PLC
5,743
161,347
AstraZeneca PLC
46,977
7,991,272
AstraZeneca PLC, ADR
26,928
4,568,066
Autotrader Group PLC
18,269
129,001
BAE Systems PLC
32,878
930,754
Balfour Beatty PLC
289,082
3,370,041
Barclays PLC
482,378
3,315,643
Beazley PLC
27,205
472,824
Berkeley Group Holdings PLC *
20,610
973,466
British American Tobacco PLC
38,151
2,314,275
BT Group PLC
61,785
167,292
CK Hutchison Holdings Ltd.
25,156
235,694
Coca-Cola Europacific Partners PLC
3,098
341,303
Compass Group PLC
26,727
848,739
Convatec Group PLC
22,550
68,139
Croda International PLC
1,923
83,252
Diageo PLC
163,128
3,583,651
Diploma PLC
14,112
1,397,552
Endeavour Mining PLC
32,813
1,565,357
Fresnillo PLC
3,269
110,119
Games Workshop Group PLC
6,548
1,687,956
Genus PLC
17,774
526,614
GSK PLC
58,178
1,512,794
Haleon PLC
98,907
484,205
Halma PLC
6,710
320,585
Hiscox Ltd.
11,366
277,488
Howden Joinery Group PLC
7,468
79,576
ICG PLC
7,691
196,366
IMI PLC
59,750
2,374,377
Imperial Brands PLC
57,163
2,169,385
InterContinental Hotels Group PLC
2,284
369,339
Intertek Group PLC
2,673
211,122
J Sainsbury PLC
23,410
112,890
Kingfisher PLC
24,626
102,738
Marks & Spencer Group PLC
723,366
3,954,186
Melrose Industries PLC
299,993
1,845,340
SECURITY
NUMBER
OF SHARES
VALUE ($)
Metlen Energy & Metals PLC
1,176
62,713
Mondi PLC
6,179
74,500
National Grid PLC
107,056
1,713,522
NatWest Group PLC
237,520
2,240,439
Next PLC
2,268
454,185
Ocado Group PLC *
329,747
942,518
Pearson PLC
8,715
147,063
Persimmon PLC
6,051
90,827
Prudential PLC
122,694
1,843,913
Reckitt Benckiser Group PLC
70,831
4,999,065
RELX PLC (a)
61,379
2,167,709
RELX PLC (a)
28,300
995,366
Rightmove PLC
17,802
111,610
Rio Tinto PLC
20,920
2,032,788
Rolls-Royce Holdings PLC
368,872
7,358,872
Sage Group PLC
18,103
238,470
Segro PLC
25,687
335,542
Shell PLC
190,566
8,722,528
SigmaRoc PLC *
954,807
1,589,458
Smith & Nephew PLC
131,594
2,058,521
Smiths Group PLC
38,922
1,389,889
Spirax Group PLC
881
82,600
SSE PLC
48,917
1,545,456
Standard Chartered PLC
18,621
550,578
Taylor Wimpey PLC
61,825
65,096
Tesco PLC
218,432
1,437,754
Unilever PLC
31,567
2,008,532
United Utilities Group PLC
7,594
141,433
Vodafone Group PLC
264,329
419,487
Weir Group PLC
3,000
107,032
WH Smith PLC
123,276
721,460
Zegona Communications PLC
23,672
467,170
 
98,693,337
 
United States 3.0%
ACADIA Pharmaceuticals, Inc. *
15,154
392,034
Carnival Corp. Ltd.
113,374
3,152,931
Galaxy Digital, Inc., Class A *
32,301
678,644
GQG Partners, Inc., Class A
39,225
37,537
Insmed, Inc. *
10,598
1,044,963
JBS NV, Class A
91,021
1,276,114
MercadoLibre, Inc. *
4,755
8,929,652
Moderna, Inc. *
25,839
1,416,494
NVIDIA Corp.
37,308
7,489,581
Primo Brands Corp.
161,574
3,667,730
Sunbelt Rentals Holdings, Inc.
5,415
387,964
 
28,473,644
Total Common Stocks
(Cost $706,095,656)
897,617,504
 
PREFERRED STOCKS 0.5% OF NET ASSETS
 
Germany 0.0%
FUCHS SE
1,364
63,222
Henkel AG & Co. KGaA
2,510
218,819
 
282,041
 
Republic of Korea 0.5%
Samsung Electronics Co. Ltd.
39,883
5,011,894
Samsung Fire & Marine Insurance Co. Ltd.
61
16,197
 
5,028,091
Total Preferred Stocks
(Cost $2,327,671)
5,310,132
 
  
9
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
WARRANTS 0.0% OF NET ASSETS
 
Canada 0.0%
Constellation Software, Inc.
expires 03/31/40 *(c)
344
0
Total Warrants
(Cost $0)
0
 
INVESTMENT COMPANIES 1.6% OF NET ASSETS
 
United States 1.6%
Schwab Emerging Markets Equity ETF (d)
423,664
15,264,614
Total Investment Companies
(Cost $14,744,225)
15,264,614
 
 
 
 
SHORT-TERM INVESTMENTS 4.4% OF NET ASSETS
 
Money Market Funds 4.4%
State Street Institutional U.S. Government
Money Market Fund, Premier Class
3.62% (e)
42,229,060
42,229,060
State Street Institutional U.S. Government
Money Market Fund, Premier Class
3.62% (e)(f)
68,367
68,367
 
42,297,427
Total Short-Term Investments
(Cost $42,297,427)
42,297,427
Total Investments in Securities
(Cost $765,464,979)
960,489,677
 
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
APPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
09/18/26
254
40,415,210
292,274
  
SETTLEMENT
DATE
COUNTERPARTY
CURRENCY
TO BE
RECEIVED
AMOUNT OF
CURRENCY
TO BE
RECEIVED
CURRENCY
TO BE
DELIVERED
AMOUNT OF
CURRENCY
TO BE
DELIVERED
UNREALIZED
APPRECIATION
(DEPRECIATION)
($)
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
08/24/26
JP Morgan Chase Bank
AUD
11,367,000
USD
7,845,333
150,238
08/24/26
Wells Fargo Bank NA
CAD
859,000
USD
612,084
1,198
08/24/26
JP Morgan Chase Bank
CAD
624,000
USD
441,431
4,073
08/24/26
HSBC Bank USA
CAD
614,000
USD
432,953
5,412
08/24/26
Barclays Capital
CHF
5,620,000
USD
6,977,655
(10,996
)
08/24/26
JP Morgan Chase Bank
CHF
355,000
USD
441,880
(1,815
)
08/24/26
HSBC Bank USA
EUR
714,000
USD
819,757
4,244
08/24/26
HSBC Bank USA
EUR
894,000
USD
1,021,487
10,245
08/24/26
UBS AG
EUR
945,000
USD
1,079,973
10,617
08/24/26
Citibank N.A.
EUR
2,869,000
USD
3,267,131
43,875
08/24/26
Morgan Stanley & Co.
GBP
5,125,000
USD
6,762,190
144,895
08/24/26
State Street Bank & Trust Co.
JPY
66,377,000
USD
407,928
9,905
08/24/26
Wells Fargo Bank NA
SEK
10,589,000
USD
1,090,315
22,887
08/24/26
Barclays Capital
SGD
526,000
USD
408,214
2,519
08/24/26
Barclays Capital
USD
9,573,200
CAD
13,586,000
(126,512
)
08/24/26
Wells Fargo Bank NA
USD
814,086
CHF
661,000
(5,302
)
08/24/26
Morgan Stanley & Co.
USD
2,180,191
DKK
14,290,000
(26,672
)
08/24/26
UBS AG
USD
6,740,082
JPY
1,085,743,000
(94,498
)
08/24/26
HSBC Bank USA
USD
1,090,937
PLN
4,111,000
(9,494
)
08/24/26
Morgan Stanley & Co.
USD
871,505
SGD
1,125,000
(6,964
)
Net Unrealized Appreciation on Forward Foreign Currency Exchange Contracts
127,855
 
10
  
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
*
Non-income producing security.
(a)
Security is traded on separate exchanges for the same issuer.
(b)
All or a portion of this security is on loan.
(c)
Fair valued using significant unobservable inputs.
(d)
Issuer is affiliated with the fund’s investment adviser.
(e)
The rate shown is the annualized 7-day yield.
(f)
Security purchased with cash collateral received for securities on loan. Securities on loan were valued at $64,820.
 
ADR —
American Depositary Receipt
CDI —
CHESS Depositary Interest
CVA —
Dutch Certificate
ETF —
Exchange-Traded Fund
REIT —
Real Estate Investment Trust
 
AUD —
Australian Dollar
CAD —
Canadian Dollar
CHF —
Swiss Franc
DKK —
Danish Krone
EUR —
Euro
GBP —
British Pound
JPY —
Japanese Yen
PLN —
Polish Zloty
SEK —
Swedish Krona
SGD —
Singapore Dollar
USD —
U.S. Dollar
 
Below is a summary of the fund’s transactions with affiliated issuers during the period ended July 31, 2026: 
SECURITY
VALUE AT
10/31/25
PURCHASES
SALES
NET REALIZED
GAINS (LOSSES)
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
7/31/26
BALANCE
OF SHARES
HELD AT
7/31/26
DIVIDENDS
RECEIVED (a)
COMMON STOCKS 1.6% OF NET ASSETS
 
United States 1.6%
Schwab Emerging Markets Equity ETF (b)
$25,301,208
$28,105,229
($39,877,242
)
$3,738,917
($2,003,498
)
$15,264,614
423,664
$680,920
 
(a)
Distributions received include distributions from net investment income and capital gains, if any, from the underlying fund.
(b)
Issuer is affiliated with the fund’s investment adviser.
 
  
11
Schwab International Opportunities Fund
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used to value the fund’s investments as of July 31, 2026:  
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
$—
$180,849,831
$—
$180,849,831
Australia
25,359
29,574,612
—
29,599,971
Austria
16,499
2,684,961
—
2,701,460
Brazil
8,476,953
—
—
8,476,953
Canada
60,947,550
—
—
60,947,550
China
3,573,626
20,409,719
—
23,983,345
Denmark
711,867
18,331,647
—
19,043,514
France
1,882,175
60,767,841
—
62,650,016
Guernsey
1,174,192
—
—
1,174,192
Ireland
6,202,395
3,322,027
—
9,524,422
Israel
6,045,427
5,374,653
—
11,420,080
Italy
80,899
17,188,960
—
17,269,859
Japan
7,357,658
158,620,655
—
165,978,313
Kazakhstan
1,659,920
—
—
1,659,920
Luxembourg
10,239,985
402,657
—
10,642,642
Mexico
2,077,289
—
—
2,077,289
Netherlands
1,822,900
65,816,521
—
67,639,421
Norway
1,508,434
5,633,511
—
7,141,945
Panama
480,241
—
—
480,241
Republic of Korea
2,267,827
51,022,346
14,004
53,304,177
Singapore
6,390,618
4,765,825
—
11,156,443
Sweden
1,085,271
21,643,668
—
22,728,939
United Kingdom
4,568,066
94,125,271
—
98,693,337
United States
28,085,680
387,964
—
28,473,644
Preferred Stocks 1
—
5,310,132
—
5,310,132
Warrants
Canada
—
—
0
*
0
Investment Companies 1
15,264,614
—
—
15,264,614
Short-Term Investments 1
42,297,427
—
—
42,297,427
Futures Contracts 2
292,274
—
—
292,274
Forward Foreign Currency Exchange Contracts 2
—
410,108
—
410,108
Liabilities
Forward Foreign Currency Exchange Contracts 2
—
(282,253
)
—
(282,253
)
Total
$214,535,146
$746,360,656
$14,004
$960,909,806
 
*
Level 3 amount shown includes securities determined to have no value.
1
As categorized in the Portfolio Holdings.
2
Futures contracts and forward foreign currency exchange contracts are reported at cumulative unrealized appreciation or depreciation.
12
  
Schwab International Opportunities Fund
Notes to Portfolio Holdings (Unaudited)
Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees has designated authority to a Valuation Designee, the fund’s 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 the fund’s portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:
● Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at the mean of the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.
● Foreign equity security fair valuation: The Valuation Designee has adopted procedures to fair value foreign equity securities that are traded in markets that close prior to the valuation of the fund’s holdings. By fair valuing securities whose prices may have been affected by events occurring after the close of trading, the Valuation Designee seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter “arbitrage” market timers, who seek to exploit delays between the change in the value of the fund’s portfolio holdings and the net asset value of the fund’s shares and seeks to help ensure that the prices at which the fund’s shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of the fund and that of its comparative index or benchmark.
● Futures contracts: Futures contracts are valued at their settlement prices as of the close of their exchanges.
● Forward foreign currency exchange contracts: Forward foreign currency exchange contracts are valued based on that day’s forward exchange rates or by using an interpolated forward exchange rate for contracts with interim settlement dates.
● Mutual funds: Mutual funds are valued at their respective net asset values.
● Securities for which no quoted value is available: The Valuation Designee has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a security may be fair valued when it’s de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that the fund could obtain the fair value assigned to the security upon the sale of such security.
In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee’s judgment will be required to estimate fair value.
The three levels of the fair value hierarchy are as follows:
● Level 1 — quoted prices in active markets for identical investments — Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds 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
  
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Schwab International Opportunities Fund
Notes to Portfolio Holdings (Unaudited) (continued)
liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the valuation of the fund’s holdings 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 the fund’s results of operations.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments are disclosed in the fund’s Portfolio Holdings.
REG87632JUL26
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