-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KhZlbOx5716HL3s4wTS7TRyrUFf/k9O+8yVNtjfkcUEuOWdG7XZ30j+lgObV0THT XAPCMC7GsejRzAOgl57DIw== 0000950134-09-006476.txt : 20090330 0000950134-09-006476.hdr.sgml : 20090330 20090330171216 ACCESSION NUMBER: 0000950134-09-006476 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090131 FILED AS OF DATE: 20090330 DATE AS OF CHANGE: 20090330 EFFECTIVENESS DATE: 20090330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWAB CAPITAL TRUST CENTRAL INDEX KEY: 0000904333 IRS NUMBER: 943297102 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07704 FILM NUMBER: 09715002 BUSINESS ADDRESS: STREET 1: 101 MONTGOMERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-627-7000 MAIL ADDRESS: STREET 1: 101 MONTGOMERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94104 0000904333 S000005512 Schwab Premier Equity Fund C000015009 Investor Shares SWPNX C000015010 Select Shares SWPSX 0000904333 S000005513 Schwab Large-Cap Growth Fund C000015011 Investor Shares SWLNX C000015012 Select Shares SWLSX 0000904333 S000005514 Schwab Core Equity Fund C000015013 Investor Shares SWANX 0000904333 S000005515 Schwab Dividend Equity Fund C000015014 Investor Shares SWDIX C000015015 Select Shares SWDSX 0000904333 S000005516 Schwab Small-Cap Equity Fund C000015016 Investor Shares SWSIX C000015017 Select Shares SWSCX 0000904333 S000005517 Schwab Hedged Equity Fund C000015018 Select Shares SWHEX C000015019 Investor Shares SWHIX 0000904333 S000005518 Schwab Financial Services Fund C000015020 Investor Shares SWFFX 0000904333 S000005519 Schwab Health Care Fund C000015021 Investor Shares SWHFX 0000904333 S000005521 Schwab Target 2010 Fund C000015023 Schwab Target 2010 Fund SWBRX 0000904333 S000005522 Schwab Target 2020 Fund C000015024 Schwab Target 2020 Fund SWCRX 0000904333 S000005523 Schwab Target 2030 Fund C000015025 Schwab Target 2030 Fund SWDRX 0000904333 S000005524 Schwab Target 2040 Fund C000015026 Schwab Target 2040 Fund SWERX 0000904333 S000005525 Schwab Retirement Income Fund C000015027 Schwab Retirement Income Fund SWARX 0000904333 S000005911 Schwab S&P 500 Index Fund C000016165 Investor Shares SWPIX C000016166 Select Shares SWPPX C000016167 e.Shares SWPEX 0000904333 S000005912 Schwab Small-Cap Index Fund C000016168 Investor Shares SWSMX C000016169 Select Shares SWSSX 0000904333 S000005913 Schwab Total Stock Market Index Fund C000016170 Investor Shares SWTIX C000016171 Select Shares SWTSX 0000904333 S000005914 Schwab International Index Fund C000016172 Investor Shares SWINX C000016173 Select Shares SWISX 0000904333 S000005915 Schwab Institutional Select S&P 500 Fund C000016174 Schwab Institutional Select S&P 500 Fund ISLCX 0000904333 S000005916 Schwab MarketTrack All Equity Portfolio C000016175 Investor Shares SWEGX 0000904333 S000005917 Schwab MarketTrack Growth Portfolio C000016176 P Shares SWPGX C000016177 Investor Shares SWHGX 0000904333 S000005918 Schwab MarketTrack Balanced Portfolio C000016178 Investor Shares SWBGX 0000904333 S000005919 Schwab MarketTrack Conservative Portfolio C000016179 P Shares SWCPX C000016180 Investor Shares SWCGX 0000904333 S000006548 Laudus U.S. MarketMasters Fund C000017883 Investor Shares SWOGX C000017884 Select Shares SWMGX 0000904333 S000006549 Schwab Balanced Fund (formerly Schwab Viewpoints Fund) C000017885 Investor Shares SWOBX C000017886 Select Shares SWMBX 0000904333 S000006550 Laudus Small-Cap MarketMasters Fund C000017887 Investor Shares SWOSX C000017888 Select Shares SWMSX 0000904333 S000006551 Laudus International MarketMasters Fund C000017889 Investor Shares SWOIX C000017890 Select Shares SWMIX 0000904333 S000016766 Schwab Fundamental US Large Company Index Fund C000046819 Investor Shares SFLVX C000046820 Select Shares SFLSX C000046821 Institutional Shares SFLNX 0000904333 S000016767 Schwab Fundamental US Small-Mid Company Index Fund C000046822 Investor Shares SFSVX C000046823 Select Shares SFSSX C000046824 Institutional Shares SFSNX 0000904333 S000016768 Schwab Fundamental International Large Company Index Fund C000046825 Investor Shares SFNVX C000046826 Select Shares SFNSX C000046827 Institutional Shares SFNNX 0000904333 S000019900 Schwab Fundamental Emerging Markets Index Fund C000055850 Investor Shares SFEMX C000055851 Select Shares SFESX C000055852 Institutional Shares SFENX 0000904333 S000019901 Schwab Fundamental International Small-Mid Company Index Fund C000055853 Investor Shares SFIVX C000055854 Select Shares SFSMX C000055855 Institutional Shares SFILX 0000904333 S000020935 Schwab Target 2015 Fund C000059131 Schwab Target 2015 Fund SWGRX 0000904333 S000020936 Schwab Target 2025 Fund C000059132 Schwab Target 2025 Fund SWHRX 0000904333 S000020937 Schwab Target 2035 Fund C000059133 Schwab Target 2035 Fund SWIRX 0000904333 S000021072 Schwab Monthly Income Fund - Moderate Payout C000059932 Schwab Monthly Income Fund - Moderate Payout SWJRX 0000904333 S000021073 Schwab Monthly Income Fund - Enhanced Payout C000059933 Schwab Monthly Income Fund - Enhanced Payout SWKRX 0000904333 S000021074 Schwab Monthly Income Fund - Maximum Payout C000059934 Schwab Monthly Income Fund - Maximum Payout SWLRX 0000904333 S000022039 Schwab International Core Equity Fund C000063314 Investor Shares SICVX C000063315 Select Shares SICSX C000063316 Institutional Shares SICNX N-Q 1 f51957ctnvq.htm FORM N-Q nvq
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-7704
Schwab Capital Trust
(Exact name of registrant as specified in charter)
101 Montgomery Street, San Francisco, California 94104
(Address of principal executive offices)           (Zip code)
Randall W. Merk
Schwab Capital Trust
101 Montgomery Street, San Francisco, California 94104
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 627-7000
Date of fiscal year end: October 31
Date of reporting period: November 1, 2008 — January 31, 2009
Item 1. Schedule of Investments.
 
 

 

 

Schwab Capital Trust
Schwab International Index FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  99.2 %  
Common Stock
     1,063,897       995,245  
  0.2 %  
Preferred Stock
     3,449       1,725  
  — %  
Rights
     —       26  
  0.1 %  
Other Investment Company
     1,056       968  
  99.5 %  
Total Investments
     1,068,402       997,964  
  0.5 %  
Other Assets and Liabilities, Net
             5,354  
  100.0 %  
Total Net Assets
             1,003,318  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 99.2% of net assets
                
 
                
Australia 5.2%
                
Banks 1.5%
                
Australia & New Zealand Banking Group Ltd.
     340,769       2,828  
Commonwealth Bank of Australia
     232,449       3,949  
National Australia Bank Ltd.
     311,210       3,670  
Westpac Banking Corp.
     478,668       4,694  
 
                
 
             15,141  
Commercial & Professional Supplies 0.1%
                
Brambles Ltd.
     230,929       982  
Diversified Financials 0.1%
                
Macquarie Group Ltd.
     41,564       665  
Energy 0.4%
                
Origin Energy Ltd.
     135,541       1,194  
Santos Ltd.
     88,626       795  
Woodside Petroleum Ltd.
     73,798       1,624  
 
                
 
             3,613  
Food & Staples Retailing 0.5%
                
Wesfarmers Ltd.
     126,650       1,231  
Woolworths Ltd.
     204,030       3,551  
 
                
 
             4,782  
Food, Beverage & Tobacco 0.1%
                
Foster’s Group Ltd.
     345,984       1,190  
Insurance 0.4%
                
AMP Ltd.
     338,260       1,115  
QBE Insurance Group Ltd.
     163,842       2,464  
Suncorp-Metway Ltd.
     148,012       690  
 
                
 
             4,269  
Materials 1.3%
                
BHP Billiton Ltd.
     565,894       10,494  
Newcrest Mining Ltd.
     74,314       1,440  
Rio Tinto Ltd.
     47,036       1,221  
 
                
 
             13,155  
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
                
CSL Ltd.
     90,137       2,125  
Real Estate 0.2%
                
Westfield Group
     294,774       2,225  
Telecommunication Services 0.4%
                
Telstra Corp., Ltd.
     1,741,441       4,154  
 
                
 
             52,301  
 
                
Austria 0.2%
                
Banks 0.0%
                
Erste Group Bank AG
     33,336       501  
Energy 0.1%
                
OMV AG
     25,065       714  
Telecommunication Services 0.1%
                
Telekom Austria AG
     54,842       770  
 
                
 
             1,985  
 
                
Belgium 0.6%
                
Banks 0.1%
                
Dexia S.A.
     190,576       594  
KBC GROEP N.V.
     34,679       628  
 
                
 
             1,222  
 
                
Diversified Financials 0.2%
                
 
                
Fortis (a)
     391,801       778  
Groupe Bruxelles Lambert S.A.
     13,694       1,005  
 
                
 
             1,783  
Food, Beverage & Tobacco 0.2%
                
Anheuser-Busch InBev N.V.
     86,699       2,200  
Materials 0.1%
                
Solvay S.A.
     9,904       700  
 
                
 
             5,905  
 
                
Bermuda 0.1%
                
Retailing 0.1%
                
Esprit Holdings Ltd.
     171,000       908  
 
                
Canada 8.7%
                
Banks 2.0%
                
Bank of Montreal
     82,275       2,231  
Bank of Nova Scotia
     162,452       3,931  
Canadian Imperial Bank of Commerce
     63,437       2,412  
National Bank of Canada
     31,831       888  
Royal Bank of Canada
     223,468       5,542  

1

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Toronto-Dominion Bank
     140,978       4,576  
 
                
 
             19,580  
Capital Goods 0.1%
                
Bombardier, Inc., Class B
     239,456       742  
Energy 2.6%
                
Cameco Corp.
     53,209       883  
Canadian Natural Resources Ltd.
     90,117       3,225  
Canadian Oil Sands Trust
     80,433       1,226  
Enbridge, Inc.
     59,980       1,968  
EnCana Corp.
     124,886       5,558  
Husky Energy, Inc.
     41,610       1,033  
Imperial Oil Ltd.
     42,557       1,352  
Nexen, Inc.
     86,621       1,262  
Petro-Canada Co.
     80,722       1,750  
Suncor Energy, Inc.
     155,793       2,987  
Talisman Energy, Inc.
     169,061       1,601  
TransCanada Corp.
     101,919       2,741  
 
                
 
             25,586  
Food & Staples Retailing 0.1%
                
Shoppers Drug Mart Corp.
     36,604       1,354  
Insurance 0.8%
                
Manulife Financial Corp.
     268,218       4,453  
Power Corp. of Canada
     55,503       957  
Power Financial Corp.
     29,666       548  
Sun Life Financial, Inc.
     97,223       1,979  
 
                
 
             7,937  
Materials 1.8%
                
Agnico-Eagle Mines Ltd.
     22,340       1,193  
Agrium, Inc.
     25,529       855  
Barrick Gold Corp.
     145,335       5,469  
Goldcorp, Inc.
     121,431       3,597  
Kinross Gold Corp.
     109,791       1,946  
Potash Corp. of Saskatchewan, Inc.
     52,112       3,920  
Teck Cominco Ltd., Class B
     72,800       281  
Yamana Gold, Inc.
     109,204       885  
 
                
 
             18,146  
Real Estate 0.1%
                
Brookfield Asset Management, Inc., Class A
     81,799       1,284  
Technology Hardware & Equipment 0.4%
                
Research In Motion Ltd. *
     78,948       4,364  
Telecommunication Services 0.5%
                
BCE, Inc.
     132,156       2,706  
Rogers Communications, Inc., Class B
     88,664       2,501  
 
                
 
             5,207  
Transportation 0.3%
                
Canadian National Railway Co.
     77,991       2,733  
Canadian Pacific Railway Ltd.
     25,153       763  
 
                
 
             3,496  
 
                
 
             87,696  
 
                
Denmark 0.8%
                
Banks 0.1%
                
Danske Bank A/S
     90,729       911  
Capital Goods 0.2%
                
Vestas Wind Systems A/S *
     30,401       1,464  
Pharmaceuticals, Biotechnology & Life Sciences 0.4%
                
Novo Nordisk A/S, Class B
     82,083       4,373  
Transportation 0.1%
                
AP Moller — Maersk A/S, Series B
     179       856  
 
                
 
             7,604  
 
                
Finland 1.0%
                
Materials 0.1%
                
UPM-Kymmene Oyj
     83,482       789  
Technology Hardware & Equipment 0.8%
                
Nokia Oyj
     628,805       7,707  
Utilities 0.1%
                
Fortum Oyj
     70,442       1,374  
 
                
 
             9,870  
 
                
France 10.7%
                
Automobiles & Components 0.2%
                
Compagnie Generale des Etablissements Michelin, Class B
     23,759       929  
Renault S.A.
     30,704       591  
 
                
 
             1,520  
Banks 1.1%
                
BNP Paribas
     149,088       5,692  
Credit Agricole S.A.
     147,374       1,784  
Societe Generale
     96,194       4,022  
 
                
 
             11,498  
Capital Goods 1.1%
                
Alstom S.A.
     32,032       1,539  
Bouygues S.A.
     37,426       1,274  
Compagnie de Saint-Gobain
     50,838       1,717  
Schneider Electric S.A.
     40,323       2,552  
Vallourec S.A.
     8,759       856  
Vinci S.A.
     82,453       2,813  
 
                
 
             10,751  
Consumer Durables & Apparel 0.3%
                
Hermes International
     12,189       1,226  
LVMH Moet Hennessy Louis Vuitton S.A.
     41,709       2,272  
 
                
 
             3,498  
Consumer Services 0.1%
                
Accor S.A.
     31,214       1,232  
Energy 2.0%
                
Total S.A.
     392,725       19,571  

2

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Food & Staples Retailing 0.3%
                
Carrefour S.A.
     87,825       2,995  
Food, Beverage & Tobacco 0.6%
                
Groupe Danone
     84,558       4,340  
Pernod Ricard S.A.
     31,805       1,995  
 
                
 
             6,335  
Health Care Equipment & Services 0.1%
                
Essilor International S.A.
     32,662       1,243  
Household & Personal Products 0.3%
                
L’Oreal S.A.
     40,799       2,706  
Insurance 0.5%
                
AXA S.A.
     294,219       4,633  
Materials 0.4%
                
Air Liquide S.A.
     42,600       3,098  
Lafarge S.A.
     21,107       969  
 
                
 
             4,067  
Media 0.5%
                
Vivendi
     189,541       4,883  
Pharmaceuticals, Biotechnology & Life Sciences 0.9%
                
Sanofi-Aventis
     169,305       9,522  
Real Estate 0.2%
                
Unibail-Rodamco
     13,688       1,835  
Retailing 0.1%
                
PPR
     12,173       614  
Technology Hardware & Equipment 0.1%
                
Alcatel-Lucent *
     358,710       704  
Telecommunication Services 0.7%
                
France Telecom S.A.
     314,026       7,037  
Utilities 1.2%
                
Electricite de France
     45,959       2,240  
GDF Suez
     231,826       8,870  
Veolia Environnement
     59,345       1,335  
 
                
 
             12,445  
 
                
 
             107,089  
 
                
Germany 8.2%
                
Automobiles & Components 1.0%
                
Bayerische Motoren Werke AG
     54,349       1,289  
Daimler AG - Reg’d
     159,204       4,460  
Volkswagen AG
     14,093       4,503  
 
                
 
             10,252  
Banks 0.1%
                
Commerzbank AG
     120,704       546  
Capital Goods 0.9%
                
MAN AG
     17,317       752  
Siemens AG
     151,578       8,536  
 
                
 
             9,288  
Consumer Durables & Apparel 0.1%
                
Adidas AG
     34,078       1,179  
Diversified Financials 0.4%
                
Deutsche Bank AG - Reg’d
     96,235       2,508  
Deutsche Boerse AG
     30,300       1,522  
 
                
 
             4,030  
Health Care Equipment & Services 0.1%
                
Fresenius Medical Care AG & Co. KGaA
     30,500       1,365  
Insurance 1.1%
                
Allianz SE - Reg’d
     75,000       6,288  
Muenchener Rueckversicherungs-Gesellschaft AG - Reg’d
     33,894       4,476  
 
                
 
             10,764  
Materials 0.8%
                
BASF SE
     153,524       4,448  
K&S AG
     21,600       1,021  
Linde AG
     23,686       1,579  
ThyssenKrupp AG
     57,028       1,157  
 
                
 
             8,205  
Pharmaceuticals, Biotechnology & Life Sciences 0.8%
                
Bayer AG
     126,106       6,694  
Merck KGaA
     10,800       914  
 
                
 
             7,608  
Software & Services 0.5%
                
SAP AG
     140,940       4,952  
Telecommunication Services 0.6%
                
Deutsche Telekom AG - Reg’d
     491,462       5,931  
Transportation 0.2%
                
Deutsche Post AG - Reg’d
     130,927       1,634  
Utilities 1.6%
                
E.ON AG
     326,951       10,531  
RWE AG
     72,176       5,608  
 
                
 
             16,139  
 
                
 
             81,893  
 
                
Greece 0.2%
                
Banks 0.2%
                
Alpha Bank A.E.
     65,044       544  
National Bank of Greece S.A.
     67,942       1,132  
Piraeus Bank S.A.
     55,440       366  
 
                
 
             2,042  
 
                
Hong Kong 1.5%
                
Banks 0.1%
                
Hang Seng Bank Ltd.
     121,836       1,467  
Capital Goods 0.2%
                
Hutchison Whampoa Ltd.
     359,370       1,829  

3

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Diversified Financials 0.2%
                
Hong Kong Exchanges & Clearing Ltd.
     180,018       1,546  
Real Estate 0.5%
                
Cheung Kong (Holdings) Ltd.
     244,628       2,257  
Sun Hung Kai Properties Ltd.
     242,604       2,149  
Swire Pacific Ltd., Class A
     129,890       839  
 
                
 
             5,245  
Utilities 0.5%
                
CLP Holdings Ltd.
     323,080       2,187  
Hong Kong & China Gas Co., Ltd.
     673,200       1,096  
Hongkong Electric Holdings Ltd.
     218,000       1,277  
 
                
 
             4,560  
 
                
 
             14,647  
 
                
Ireland 0.3%
                
Banks 0.0%
                
Allied Irish Banks plc
     138,658       198  
Materials 0.2%
                
CRH plc
     87,100       2,046  
Media 0.1%
                
WPP plc
     214,518       1,207  
 
                
 
             3,451  
 
                
Italy 3.1%
                
Automobiles & Components 0.1%
                
Fiat S.p.A.
     126,888       618  
Banks 1.1%
                
Banca Monte dei Paschi di Siena S.p.A.
     595,701       854  
Banco Popolare Societa Cooperativa
     109,760       626  
Intesa Sanpaolo S.p.A.
     1,466,075       4,620  
UniCredit S.p.A.
     2,258,854       3,975  
Unione di Banche Italiane S.c.p.A.
     102,112       1,271  
 
                
 
             11,346  
Energy 0.9%
                
Eni S.p.A.
     413,530       8,747  
Insurance 0.4%
                
Assicurazioni Generali S.p.A.
     200,755       4,177  
Telecommunication Services 0.2%
                
Telecom Italia S.p.A.
     1,666,279       2,047  
Utilities 0.4%
                
Enel S.p.A.
     678,565       3,806  
 
                
 
             30,741  
 
                
Japan 19.5%
                
Automobiles & Components 2.3%
                
Bridgestone Corp.
     95,657       1,216  
Denso Corp.
     77,600       1,406  
Honda Motor Co., Ltd.
     253,039       5,815  
Nissan Motors Co., Ltd.
     337,196       1,016  
Toyota Motor Corp.
     438,003       14,090  
 
                
 
             23,543  
Banks 2.3%
                
Mitsubishi UFJ Financial Group, Inc.
     1,710,785       9,490  
Mizuho Financial Group, Inc.
     1,818,000       4,500  
Resona Holdings, Inc.
     94,790       1,462  
Sumitomo Mitsui Financial Group, Inc.
     129,100       5,116  
The Bank of Yokohama Ltd.
     214,000       1,093  
The Sumitomo Trust & Banking Co., Ltd.
     282,950       1,388  
 
                
 
             23,049  
Capital Goods 1.8%
                
Asahi Glass Co., Ltd.
     166,000       867  
Daikin Industries Ltd.
     43,300       993  
Fanuc Ltd.
     31,300       1,855  
ITOCHU Corp.
     237,000       1,152  
Komatsu Ltd.
     140,609       1,452  
Mitsubishi Corp.
     224,000       2,960  
Mitsubishi Electric Corp.
     303,000       1,391  
Mitsubishi Heavy Industries Ltd.
     565,000       2,135  
Mitsui & Co., Ltd.
     270,000       2,817  
Sumitomo Corp.
     188,000       1,701  
Sumitomo Electric Industries Ltd.
     124,000       933  
 
                
 
             18,256  
Commercial & Professional Supplies 0.2%
                
Dai Nippon Printing Co., Ltd.
     99,000       966  
Secom Co., Ltd.
     33,500       1,407  
 
                
 
             2,373  
Consumer Durables & Apparel 0.9%
                
Nikon Corp.
     55,000       573  
Panasonic Corp.
     308,912       3,748  
Sharp Corp.
     144,785       1,075  
Sony Corp.
     167,500       3,264  
 
                
 
             8,660  
Diversified Financials 0.4%
                
Daiwa Securities Group, Inc.
     219,045       1,210  
Nomura Holdings, Inc.
     328,000       2,124  
ORIX Corp.
     16,000       698  
 
                
 
             4,032  
Food & Staples Retailing 0.4%
                
Aeon Co., Ltd.
     106,200       853  
Seven & I Holdings Co., Ltd.
     124,203       3,312  
 
                
 
             4,165  
Food, Beverage & Tobacco 0.5%
                
Asahi Breweries Ltd.
     66,000       1,019  
Japan Tobacco, Inc.
     750       2,156  
Kirin Holdings Co., Ltd.
     136,000       1,706  
 
                
 
             4,881  
Health Care Equipment & Services 0.1%
                
Terumo Corp.
     26,000       883  

4

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Household & Personal Products 0.3%
                
Kao Corp.
     78,619       1,909  
Shiseido Co., Ltd.
     56,000       942  
 
                
 
             2,851  
Insurance 0.7%
                
Mitsui Sumitomo Insurance Group Holdings, Inc.
     70,562       1,829  
Sompo Japan Insurance, Inc.
     149,000       929  
T&D Holdings, Inc.
     37,000       1,196  
Tokio Marine Holdings, Inc.
     123,900       3,282  
 
                
 
             7,236  
Materials 0.9%
                
JFE Holdings, Inc.
     81,000       2,013  
Nippon Steel Corp.
     886,000       2,602  
Shin-Etsu Chemical Co., Ltd.
     60,560       2,833  
Sumitomo Metal Industries Ltd.
     564,000       1,129  
 
                
 
             8,577  
Pharmaceuticals, Biotechnology & Life Sciences 1.3%
                
Astellas Pharma, Inc.
     72,370       2,740  
Daiichi Sankyo Co., Ltd.
     105,500       2,369  
Eisai Co., Ltd.
     41,000       1,498  
Shionogi & Co., Ltd.
     59,000       1,264  
Takeda Pharmaceutical Co., Ltd.
     113,200       5,304  
 
                
 
             13,175  
Real Estate 0.5%
                
Mitsubishi Estate Co., Ltd.
     195,502       2,564  
Mitsui Fudosan Co., Ltd.
     135,777       1,751  
Sumitomo Realty & Development Co., Ltd.
     74,000       847  
 
                
 
             5,162  
Retailing 0.1%
                
Yamada Denki Co., Ltd.
     15,000       884  
Semiconductors & Semiconductor Equipment 0.1%
                
Tokyo Electron Ltd.
     28,000       1,026  
Software & Services 0.5%
                
Nintendo Co., Ltd.
     17,239       5,344  
Technology Hardware & Equipment 1.9%
                
Canon, Inc.
     182,995       4,993  
FUJIFILM Holdings Corp.
     72,811       1,592  
Fujitsu Ltd.
     326,000       1,466  
Hitachi Ltd.
     501,079       1,528  
Hoya Corp.
     69,607       1,241  
Keyence Corp.
     6,000       1,091  
Kyocera Corp.
     27,500       1,765  
Murata Manufacturing Co., Ltd.
     32,574       1,233  
NEC Corp.
     321,000       856  
Ricoh Co., Ltd.
     94,000       1,147  
Toshiba Corp.
     471,178       1,645  
 
                
 
             18,557  
Telecommunication Services 1.6%
                
KDDI Corp.
     480       2,997  
Nippon Telegraph & Telephone Corp.
     137,700       6,669  
NTT DoCoMo, Inc.
     2,431       4,235  
SOFTBANK Corp.
     124,000       1,917  
 
                
 
             15,818  
Transportation 0.8%
                
Central Japan Railway Co.
     284       2,025  
East Japan Railway Co.
     56,200       3,811  
Mitsui O.S.K. Lines Ltd.
     175,000       1,000  
West Japan Railway Co.
     285       1,159  
 
                
 
             7,995  
Utilities 1.9%
                
Chubu Electric Power Co., Inc.
     106,100       3,011  
Kyushu Electric Power Co., Inc.
     66,493       1,739  
Osaka Gas Co., Ltd.
     310,000       1,321  
The Kansai Electric Power Co., Inc.
     118,000       3,234  
The Tokyo Electric Power Co., Inc.
     185,890       5,813  
Tohoku Electric Power Co., Inc.
     74,800       1,926  
Tokyo Gas Co., Ltd.
     376,201       1,779  
 
                
 
             18,823  
 
                
 
             195,290  
 
                
Luxembourg 0.3%
                
Materials 0.3%
                
ArcelorMittal
     138,332       3,096  
 
                
Netherlands 2.7%
                
Capital Goods 0.4%
                
European Aeronautic Defence & Space Co.
     61,252       1,066  
Koninklijke (Royal) Philips Electronics N.V.
     162,252       2,949  
 
                
 
             4,015  
Diversified Financials 0.3%
                
ING Groep N.V. CVA
     346,081       2,856  
Food & Staples Retailing 0.2%
                
Koninklijke Ahold N.V.
     201,081       2,411  
Food, Beverage & Tobacco 0.7%
                
Heineken N.V.
     39,103       1,149  
Unilever N.V. CVA
     282,610       6,230  
 
                
 
             7,379  
Insurance 0.1%
                
Aegon N.V.
     180,648       945  
Materials 0.2%
                
Akzo Nobel N.V.
     42,995       1,535  
Koninklijke DSM N.V.
     30,304       726  
 
                
 
             2,261  
Media 0.1%
                
Reed Elsevier N.V.
     110,328       1,221  

5

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Semiconductors & Semiconductor Equipment 0.2%
                
ASML Holding N.V.
     72,039       1,191  
STMicroelectronics N.V.
     99,193       511  
 
                
 
             1,702  
Telecommunication Services 0.4%
                
Koninklijke (Royal) KPN N.V.
     286,040       3,807  
Transportation 0.1%
                
TNT N.V.
     61,180       1,061  
 
                
 
             27,658  
 
                
Norway 0.5%
                
Capital Goods 0.1%
                
Orkla A.S.A.
     136,763       909  
Energy 0.3%
                
StatoilHydro A.S.A.
     197,827       3,408  
Telecommunication Services 0.1%
                
Telenor A.S.A.
     117,795       769  
 
                
 
             5,086  
 
                
Portugal 0.3%
                
Banks 0.1%
                
Banco Comercial Portugues S.A. - Reg’d *
     622,781       634  
Telecommunication Services 0.1%
                
Portugal Telecom SGPS S.A. - Reg’d
     167,573       1,353  
Utilities 0.1%
                
EDP - Energias de Portugal S.A.
     391,312       1,385  
 
                
 
             3,372  
 
                
Singapore 0.6%
                
Banks 0.4%
                
DBS Group Holdings Ltd.
     175,246       1,009  
Oversea-Chinese Banking Corp., Ltd.
     437,552       1,468  
United Overseas Bank Ltd.
     216,233       1,678  
 
                
 
             4,155  
Telecommunication Services 0.2%
                
Singapore Telecommunications Ltd.
     1,221,237       2,120  
 
                
 
             6,275  
 
                
Spain 4.9%
                
Banks 1.9%
                
Banco Bilbao Vizcaya Argentaria S.A.
     618,114       5,764  
Banco de Sabadell S.A.
     185,508       929  
Banco Popular Espanol S.A.
     197,744       1,355  
Banco Santander S.A.
     1,311,699       10,614  
 
                
 
             18,662  
Capital Goods 0.1%
                
ACS, Actividades de Construccion y Servicios S.A.
     33,875       1,359  
Energy 0.4%
                
Compania Espanola de Petroleos S.A.
     18,285       1,592  
Repsol YPF S.A.
     146,355       2,614  
 
                
 
             4,206  
Retailing 0.1%
                
Industria de Diseno Textil S.A.
     35,569       1,354  
Telecommunication Services 1.4%
                
Telefonica S.A.
     775,792       13,754  
Transportation 0.1%
                
Abertis Infraestructuras S.A.
     46,952       759  
Utilities 0.9%
                
Gas Natural SDG S.A.
     45,433       1,091  
Iberdrola S.A.
     833,439       6,453  
Union Fenosa S.A.
     87,788       1,976  
 
                
 
             9,520  
 
                
 
             49,614  
 
                
Sweden 1.5%
                
Banks 0.3%
                
Nordea Bank AB
     346,815       1,834  
Skandinaviska Enskilda Banken AB, A Shares
     92,075       391  
Svenska Handelsbanken AB, A Shares
     69,876       762  
 
                
 
             2,987  
Capital Goods 0.2%
                
Atlas Copco AB, A Shares
     107,348       720  
Sandvik AB
     179,447       915  
Volvo AB, B Shares
     188,427       751  
 
                
 
             2,386  
Diversified Financials 0.1%
                
Investor AB, B Shares
     78,605       911  
Retailing 0.3%
                
Hennes & Mauritz AB, B Shares
     77,196       2,979  
Technology Hardware & Equipment 0.4%
                
Telefonaktiebolaget LM Ericsson, B Shares
     490,425       3,859  
Telecommunication Services 0.2%
                
TeliaSonera AB
     367,528       1,612  
 
                
 
             14,734  
 
                
Switzerland 8.5%
                
Capital Goods 0.5%
                
ABB Ltd. - Reg’d *
     384,268       4,990  

6

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Consumer Durables & Apparel 0.1%
                
Compagnie Financiere Richemont S.A., Series A
     55,033       807  
Diversified Financials 1.1%
                
Credit Suisse Group AG - Reg’d
     163,123       4,163  
Julius Baer Holding AG - Reg’d
     31,583       937  
UBS AG - Reg’d *
     482,427       6,050  
 
                
 
             11,150  
Food, Beverage & Tobacco 2.2%
                
Nestle S.A. - Reg’d
     629,982       21,772  
Insurance 0.6%
                
Swiss Re - Reg’d
     56,807       1,507  
Zurich Financial Services AG - Reg’d
     23,193       4,182  
 
                
 
             5,689  
Materials 0.4%
                
Holcim Ltd. - Reg’d
     33,680       1,358  
Syngenta AG - Reg’d
     16,162       3,125  
 
                
 
             4,483  
Pharmaceuticals, Biotechnology & Life Sciences 3.5%
                
Novartis AG - Reg’d
     437,732       17,987  
Roche Holding AG
     115,876       16,267  
Roche Holding AG - Bearer Shares
     8,014       1,186  
 
                
 
             35,440  
Telecommunication Services 0.1%
                
Swisscom AG - Reg’d
     3,760       1,182  
 
                
 
             85,513  
 
                
United Kingdom 19.7%
                
Banks 2.3%
                
Barclays plc
     1,360,383       2,001  
HSBC Holdings plc
     1,987,683       15,422  
Lloyds Banking Group plc
     1,568,325       2,043  
Royal Bank of Scotland Group plc
     2,730,432       860  
Standard Chartered plc
     256,270       3,238  
 
                
 
             23,564  
Capital Goods 0.5%
                
BAE Systems plc
     579,039       3,361  
Rolls-Royce Group plc *
     309,529       1,478  
Rolls-Royce Group plc, C Shares (a)(b) *
     17,705,058       —  
 
                
 
             4,839  
Commercial & Professional Supplies 0.1%
                
Capita Group plc
     102,892       1,035  
Diversified Financials 0.1%
                
Man Group plc
     266,983       793  
Energy 5.4%
                
BG Group plc
     553,327       7,586  
BP plc
     3,080,482       21,816  
Royal Dutch Shell plc, B Share
     448,613       10,650  
Royal Dutch Shell plc, Class A
     588,320       14,497  
 
                
 
             54,549  
Food & Staples Retailing 0.8%
                
J Sainsbury plc
     206,980       993  
Tesco plc
     1,300,800       6,723  
 
                
 
             7,716  
Food, Beverage & Tobacco 2.5%
                
British American Tobacco plc
     332,606       9,126  
Cadbury plc
     219,834       1,765  
Diageo plc
     412,962       5,541  
Imperial Tobacco Group plc
     164,040       4,486  
Unilever plc
     208,124       4,565  
 
                
 
             25,483  
Household & Personal Products 0.4%
                
Reckitt Benckiser Group plc
     97,976       3,773  
Insurance 0.5%
                
Aviva plc
     423,498       1,913  
Prudential plc
     412,192       1,981  
Standard Life plc
     336,827       1,072  
 
                
 
             4,966  
Materials 1.4%
                
Anglo American plc
     212,855       3,829  
BHP Billiton plc
     361,443       6,041  
Rio Tinto plc
     145,543       3,128  
Xstrata plc
     100,849       824  
 
                
 
             13,822  
Media 0.1%
                
Reed Elsevier plc
     184,124       1,383  
Pharmaceuticals, Biotechnology & Life Sciences 2.6%
                
AstraZeneca plc
     237,290       9,144  
GlaxoSmithKline plc
     857,599       15,126  
Shire plc
     93,522       1,364  
 
                
 
             25,634  
Real Estate 0.1%
                
Land Securities Group plc
     77,701       774  
Retailing 0.1%
                
Marks & Spencer Group plc
     228,045       758  
Telecommunication Services 1.8%
                
BT Group plc
     1,259,132       1,907  
Vodafone Group plc
     8,703,536       16,165  
 
                
 
             18,072  
Utilities 1.0%
                
Centrica plc
     850,829       3,166  
National Grid plc
     392,585       3,664  
Scottish & Southern Energy plc
     146,282       2,515  
United Utilities Group plc
     107,747       841  
 
                
 
             10,186  
 
                
 
             197,347  

7

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
United States 0.1%
                
Health Care Equipment & Services 0.1%
                
Synthes, Inc.
     9,366       1,128  
 
                
Total Common Stock
(Cost $1,063,897)
             995,245  
 
                
 
                
Preferred Stock 0.2% of net assets
                
 
                
Germany 0.2%
                
Porsche Automobil Holding SE
     14,600       856  
Volkswagen AG
     17,600       869  
 
                
Total Preferred Stock
(Cost $3,449)
             1,725  
 
                
 
                
Rights 0.0% of net assets
                
 
                
Australia 0.0%
                
Wesfarmers Ltd. (a)*
     54,278       26  
Belgium 0.0%
                
Fortis (a)(b)*
     358,772       —  
 
                
Total Rights
(Cost $—)
             26  
 
                
 
                
Other Investment Company 0.1% of net assets
                
 
                
United States 0.1%
                
iShares MSCI EAFE Index Fund
     25,000       968  
 
                
Total Other Investment Company
(Cost $1,056)
             968  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $1,079,556 and the unrealized appreciation and depreciation were $188,909 and ($270,501), respectively, with a net unrealized depreciation of ($81,592).
At 01/31/09, the prices of certain foreign securities held by the fund aggregating $887,098 were adjusted from their closing market prices following the guidelines adopted by the fund’s Board of Trustees.
 
*   Non-income producing security.
 
(a)   Fair-valued by Management.
 
(b)   Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets.
 
CVA   – Dutch Certificate
 
Reg’d   – Registered

8

 

Schwab International Index Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 110,062  
Level 2 - Other Significant Observable Inputs
     887,098  
Level 3 - Significant Unobservable Inputs
     804  
 
      
Total
   $ 997,964  
 
      
 
*   The fund had no other financial instruments.
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
         
    Value of  
    Investment in  
    Securities  
Balance as of 10/31/08
     —  
Accrued discount/premiums
     —  
Realized gain (loss)
     (7,089 )
Change in unrealized appreciation (depreciation)
     7,461  
Net purchases (sales)
     16  
Transfer in and/or out of Level 3
     416  
 
      
Balance as of 1/31/09
   $ 804  
 
      
REG46820JAN09

9

 

Schwab Capital Trust
Laudus International MarketMasters FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  93.0 %  
Common Stock
     1,602,476       1,085,131  
  0.3 %  
Preferred Stock
     4,887       3,914  
  6.9 %  
Other Investment Companies
     92,718       81,252  
  0.6 %  
Short-Term Investments
     6,679       6,679  
  100.8 %  
Total Investments
     1,706,760       1,176,976  
  (0.8 )%  
Other Assets and Liabilities Net
             (9,910 )
  100.0 %  
Net Assets
             1,167,066  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 93.0% of net assets
                
 
                
Australia 3.1%
                
Commercial & Professional Supplies 0.1%
                
Transfield Services Ltd.
     1,191,912       1,441  
Consumer Durables & Apparel 0.0%
                
Billabong International Ltd.
     46,100       214  
Consumer Services 0.1%
                
Tatts Group Ltd.
     582,800       1,051  
Diversified Financials 0.1%
                
Macquarie Group Ltd.
     94,945       1,518  
Energy 0.1%
                
WorleyParsons Ltd.
     55,089       513  
Food & Staples Retailing 0.4%
                
Woolworths Ltd.
     294,595       5,127  
Food, Beverage & Tobacco 0.1%
                
Lion Nathan Ltd.
     130,600       672  
Health Care Equipment & Services 0.1%
                
Ansell Ltd.
     52,013       334  
Sonic Healthcare Ltd.
     150,600       1,319  
 
                
 
             1,653  
Insurance 0.4%
                
QBE Insurance Group Ltd.
     274,881       4,134  
Materials 1.0%
                
BHP Billiton Ltd.
     174,841       3,242  
BHP Billiton Ltd. ADR
     193,725       7,272  
Iluka Resources Ltd. *
     141,281       375  
Incitec Pivot Ltd.
     124,100       204  
 
                
 
             11,093  
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
                
CSL Ltd.
     72,692       1,714  
Real Estate 0.3%
                
Commonwealth Property Office Fund
     7,252,721       3,869  
Retailing 0.2%
                
David Jones Ltd.
     1,543,646       2,229  
JB Hi-Fi Ltd.
     61,299       358  
 
                
 
             2,587  
Software & Services 0.0%
                
Computershare Ltd.
     90,600       410  
 
                
 
             35,996  
 
                
Austria 0.2%
                
Capital Goods 0.0%
                
Andritz AG
     2,279       67  
Energy 0.0%
                
Schoeller-Bleckmann Oilfield Equipment AG
     7,332       199  
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
                
Intercell AG *
     49,868       1,627  
 
                
 
             1,893  
 
                
Belgium 0.1%
                
Telecommunication Services 0.1%
                
Telenet Group Holding N.V. *
     44,821       707  
 
                
Bermuda 2.3%
                
Banks 0.1%
                
Credicorp Ltd.
     17,024       703  
Capital Goods 0.4%
                
Cooper Industries Ltd., Class A
     94,600       2,546  
Ingersoll-Rand Co., Ltd., Class A
     27,625       448  
Noble Group Ltd.
     2,501,760       1,685  
 
                
 
             4,679  
Consumer Services 0.1%
                
Cafe De Coral Holdings Ltd.
     570,000       1,099  
Energy 0.5%
                
Seadrill Ltd.
     228,200       1,891  
Weatherford International Ltd. *
     394,500       4,352  
 
                
 
             6,243  
Food, Beverage & Tobacco 0.1%
                
China Green (Holdings) Ltd.
     1,023,000       666  

1

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Insurance 0.5%
                
Catlin Group Ltd.
     161,011       809  
Endurance Specialty Holdings Ltd.
     48,960       1,335  
Everest Re Group Ltd.
     18,600       1,172  
Lancashire Holdings Ltd. *
     173,190       1,137  
PartnerRe Ltd.
     26,225       1,718  
 
                
 
             6,171  
Materials 0.1%
                
Aquarius Platinum Ltd.
     223,433       500  
Huabao International Holdings Ltd.
     1,855,000       1,187  
 
                
 
             1,687  
Retailing 0.5%
                
Signet Jewelers Ltd.
     797,860       5,617  
 
                
 
             26,865  
 
                
Brazil 1.3%
                
Capital Goods 0.0%
                
Lupatech S.A. *
     36,800       392  
Consumer Services 0.0%
                
Anhanguera Educacional Participacoes S.A.
     90,400       475  
Diversified Financials 0.3%
                
BM&F BOVESPA S.A.
     848,456       2,447  
GP Investments Ltd. BDR *
     178,100       491  
 
                
 
             2,938  
Food, Beverage & Tobacco 0.0%
                
SLC Agricola S.A.
     64,300       346  
Household & Personal Products 0.0%
                
Natura Cosmeticos S.A.
     46,000       395  
Materials 0.5%
                
Companhia Vale do Rio Doce ADR
     435,650       6,147  
Real Estate 0.1%
                
BR Malls Participacoes S.A. *
     153,400       714  
Software & Services 0.2%
                
Redecard S.A.
     154,400       1,747  
Telecommunication Services 0.2%
                
GVT Holding S.A. *
     184,200       1,971  
Transportation 0.0%
                
LLX Logistica S.A. *
     73,600       47  
 
                
 
             15,172  
 
                
Canada 5.2%
                
Banks 0.1%
                
Laurentian Bank of Canada
     29,244       693  
Capital Goods 0.1%
                
SNC-Lavalin Group, Inc.
     40,800       1,151  
Commercial & Professional Supplies 0.1%
                
Ritchie Bros. Auctioneers, Inc.
     9,800       182  
Stantec, Inc. *
     64,858       1,412  
 
                
 
             1,594  
Energy 0.9%
                
Canadian Natural Resources Ltd.
     55,150       1,960  
Crescent Point Energy Trust
     43,300       854  
EnCana Corp.
     121,020       5,373  
Pacific Rubiales Energy Corp. *
     28,838       63  
Suncor Energy, Inc.
     99,950       1,924  
 
                
 
             10,174  
Food & Staples Retailing 0.5%
                
Alimentation Couche-Tard, Inc., Class B
     52,800       611  
Metro, Inc., Class A
     68,393       2,186  
Shoppers Drug Mart Corp.
     98,800       3,656  
 
                
 
             6,453  
Insurance 0.1%
                
Manulife Financial Corp.
     56,475       935  
Materials 1.1%
                
Agnico-Eagle Mines Ltd.
     26,800       1,432  
Agrium, Inc.
     6,600       221  
Potash Corp. of Saskatchewan, Inc.
     146,291       10,951  
 
                
 
             12,604  
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
                
Biovail Corp.
     42,700       467  
Real Estate 0.7%
                
Brookfield Asset Management, Inc., Class A
     140,510       2,217  
Morguard Real Estate Investment Trust
     252,790       1,845  
Northern Property Real Estate Investment Trust
     288,700       3,850  
 
                
 
             7,912  
Software & Services 0.4%
                
Open Text Corp. *
     134,501       4,711  
Technology Hardware & Equipment 0.1%
                
Research In Motion Ltd. *
     17,109       948  
Telecommunication Services 0.3%
                
Rogers Communications, Inc., Class B
     117,600       3,316  
Transportation 0.8%
                
Canadian National Railway Co.
     174,500       6,108  
Canadian Pacific Railway Ltd.
     112,925       3,417  
 
                
 
             9,525  
Utilities 0.0%
                
Fortis, Inc.
     26,100       518  
 
                
 
             61,001  

2

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Cayman Islands 1.7%
                
Capital Goods 0.1%
                
China High Speed Transmission Equipment Group Co., Ltd.
     1,174,000       1,375  
Consumer Durables & Apparel 0.1%
                
Li Ning Co., Ltd.
     573,500       796  
Consumer Services 0.1%
                
Ajisen China Holdings Ltd.
     989,000       340  
New Oriental Education & Technology Group, Inc. ADR *
     20,426       977  
 
                
 
             1,317  
Energy 0.7%
                
Noble Corp.
     291,600       7,917  
Food, Beverage & Tobacco 0.0%
                
Fresh Del Monte Produce, Inc. *
     15,800       381  
Health Care Equipment & Services 0.1%
                
Mindray Medical International Ltd. ADR
     36,289       750  
Household & Personal Products 0.2%
                
Hengan International Group Co., Ltd.
     634,000       2,109  
Retailing 0.0%
                
Golden Eagle Retail Group Ltd.
     563,000       300  
New World Department Store China
     487,000       189  
 
                
 
             489  
Software & Services 0.3%
                
Baidu, Inc. ADR *
     6,404       825  
Shanda Interactive Entertainment Ltd. ADR *
     49,400       1,437  
SINA Corp. *
     31,750       650  
Tencent Holdings Ltd.
     112,600       688  
 
                
 
             3,600  
Technology Hardware & Equipment 0.1%
                
Comba Telecom Systems Holdings Ltd.
     2,438,000       582  
Ju Teng International Holdings Ltd. *
     3,528,000       835  
 
                
 
             1,417  
Utilities 0.0%
                
Xinao Gas Holdings Ltd.
     380,000       340  
 
                
 
             20,491  
 
                
China 1.7%
                
Banks 0.1%
                
China Merchants Bank Co., Ltd., Class H
     479,000       774  
Capital Goods 0.2%
                
China South Locomotive & Rolling Stock Corp., Ltd., Class H *
     2,328,125       1,100  
Zhuzhou CSR Times Electric Co., Ltd., Class H
     1,419,000       1,125  
 
                
 
             2,225  
Energy 0.1%
                
China Oilfield Services Ltd., Class H
     870,000       683  
Food, Beverage & Tobacco 0.1%
                
China Yurun Food Group Ltd.
     1,556,674       1,821  
Health Care Equipment & Services 0.1%
                
Shandong Weigao Group Medical Polymer Co., Ltd., Class H
     748,000       1,272  
Insurance 0.2%
                
China Life Insurance Co., Ltd., Class H
     925,000       2,435  
Materials 0.7%
                
AMVIG Holdings Ltd.
     10,918,000       6,019  
Anhui Conch Cement Co., Ltd., Class H *
     194,000       930  
China National Building Material Co., Ltd., Class H
     1,110,000       1,202  
 
                
 
             8,151  
Transportation 0.2%
                
Cosco Pacific Ltd.
     2,700,000       2,415  
 
                
 
             19,776  
 
                
Cyprus 0.1%
                
Energy 0.1%
                
Prosafe SE *
     210,459       801  
 
                
Denmark 1.2%
               
Capital Goods 0.1%                
Vestas Wind Systems A/S *
     31,400       1,512  
Insurance 0.1%
                
Topdanmark A/S *
     15,800       1,878  
Materials 0.3%
                
Novozymes A/S, Class B
     40,278       3,202  
Pharmaceuticals, Biotechnology & Life Sciences 0.7%
                
Genmab A/S *
     18,000       747  
Novo Nordisk A/S, Class B
     136,975       7,298  
 
                
 
             8,045  
 
                
 
             14,637  
 
                
Egypt 0.1%
                
Capital Goods 0.1%
                
ElSewedy Cables Holding Co. *
     68,763       646  

3

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Finland 0.1%
                
Capital Goods 0.1%
                
Kone Oyj, Class B
     71,300       1,491  
 
                
France 7.9%
                
Banks 0.8%
                
BNP Paribas
     240,000       9,162  
Capital Goods 1.3%
                
Alstom S.A.
     62,275       2,992  
Carbone Lorraine S.A.
     207,408       5,153  
Nexans S.A.
     39,728       2,276  
Schneider Electric S.A.
     26,965       1,707  
Societe Industrielle D’Aviations Latecoere S.A. (b)*
     248,348       1,532  
Vinci S.A.
     60,049       2,048  
 
                
 
             15,708  
Commercial & Professional Supplies 0.1%
                
Teleperformance
     47,869       1,308  
Consumer Durables & Apparel 0.5%
                
LVMH Moet Hennessy Louis Vuitton S.A.
     104,700       5,703  
Diversified Financials 0.2%
                
Eurazeo
     1,978       67  
Financiere Marc de Lacharriere S.A.
     54,648       2,019  
 
                
 
             2,086  
Food, Beverage & Tobacco 0.1%
                
Groupe Danone ADR
     83,200       847  
Health Care Equipment & Services 0.2%
                
bioMerieux
     18,993       1,477  
Orpea *
     39,393       1,371  
 
                
 
             2,848  
Insurance 0.4%
                
April Group
     29,189       940  
AXA S.A.
     93,487       1,473  
Euler Hermes S.A.
     71,260       2,543  
 
                
 
             4,956  
Media 2.4%
                
Ipsos
     137,753       2,927  
M6 Metropole Television
     16,600       269  
Publicis Groupe
     481,900       11,285  
Societe Television Francaise 1
     816,900       8,778  
Vivendi
     163,132       4,202  
 
                
 
             27,461  
Pharmaceuticals, Biotechnology & Life Sciences 0.3%
                
Boiron S.A.
     119,729       3,337  
Technology Hardware & Equipment 0.9%
                
Neopost S.A.
     132,767       10,675  
Telecommunication Services 0.2%
                
Iliad S.A.
     34,860       2,894  
Transportation 0.1%
                
Norbert Dentressangle
     22,548       745  
Utilities 0.4%
                
EDF Energies Nouvelles S.A.
     70,033       2,715  
Sechilienne S.A.
     37,635       1,396  
 
                
 
             4,111  
 
                
 
             91,841  
 
                
Germany 7.5%
                
Automobiles & Components 1.5%
                
Bayerische Motoren Werke AG
     316,800       7,513  
Daimler AG - Reg’d
     317,300       8,890  
ElringKlinger AG
     169,697       1,512  
 
                
 
             17,915  
Capital Goods 1.3%
                
Bilfinger Berger AG
     202,112       8,532  
Hochtief AG
     22,200       759  
MTU Aero Engines Holding AG
     80,443       2,247  
Q-Cells SE *
     35,724       872  
Vossloh AG
     23,644       2,379  
 
                
 
             14,789  
Commercial & Professional Supplies 0.2%
                
GfK AG
     118,906       2,434  
Consumer Durables & Apparel 0.2%
                
Rational AG
     22,104       1,875  
Household & Personal Products 0.2%
                
Beiersdorf AG
     42,706       2,090  
Insurance 0.8%
                
Allianz SE - Reg’d
     114,600       9,609  
Materials 0.5%
                
BASF SE ADR
     82,250       2,393  
Symrise AG
     429,710       4,004  
 
                
 
             6,397  
Media 0.1%
                
CTS Eventim AG
     21,330       688  
Pharmaceuticals, Biotechnology & Life Sciences 0.5%
                
QIAGEN N.V. *
     351,918       6,018  
Retailing 0.5%
                
Fielmann AG
     84,147       5,361  
Software & Services 1.0%
                
SAP AG
     262,700       9,230  
Software AG
     19,294       1,173  
United Internet AG - Reg’d
     125,100       907  
Wirecard AG *
     169,675       962  
 
                
 
             12,272  
Technology Hardware & Equipment 0.3%
                
Wincor Nixdorf AG
     74,760       3,549  
Utilities 0.4%
                
E.ON AG
     72,739       2,343  

4

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
RWE AG ADR
     24,425       1,898  
 
                
 
             4,241  
 
                
 
             87,238  
 
                
Greece 0.1%
                
Consumer Services 0.0%
                
OPAP S.A.
     24,300       707  
Diversified Financials 0.1%
                
Hellenic Exchanges S.A.
     156,804       1,002  
 
                
 
             1,709  
 
                
Hong Kong 1.6%
                
Capital Goods 0.2%
                
Fong’s Industries Co., Ltd. (b)
     12,208,000       2,042  
Commercial & Professional Supplies 0.1%
                
China Everbright International Ltd.
     7,988,000       1,532  
Consumer Durables & Apparel 0.1%
                
Arts Optical International Holdings Ltd. (b)
     7,676,000       1,603  
Energy 0.3%
                
CNOOC Ltd.
     3,584,000       3,085  
Real Estate 0.5%
                
China Overseas Land & Investment Ltd.
     768,560       1,005  
Franshion Properties China Ltd.
     5,818,381       1,299  
Shenzhen Investment Ltd.
     5,520,000       939  
Sino-Ocean Land Holdings Ltd.
     2,067,000       1,027  
The Link REIT
     529,000       990  
 
                
 
             5,260  
Semiconductors & Semiconductor Equipment 0.2%
                
ASM Pacific Technology Ltd.
     758,100       2,309  
Transportation 0.2%
                
Pacific Basin Shipping Ltd.
     4,644,000       2,381  
 
                
 
             18,212  
 
                
India 0.9%
                
Banks 0.1%
                
Housing Development Finance Corp., Ltd.
     34,979       1,083  
Indian Bank
     383,085       941  
 
                
 
             2,024  
Consumer Durables & Apparel 0.1%
                
Titan Industries Ltd.
     38,866       717  
Consumer Services 0.0%
                
Educomp Solutions Ltd.
     11,241       404  
Household & Personal Products 0.2%
                
Dabur India Ltd.
     564,158       1,009  
Hindustan Unilever Ltd.
     197,974       1,053  
 
                
 
             2,062  
Materials 0.0%
                
Asian Paints Ltd.
     9,665       155  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Glenmark Pharmaceuticals Ltd. *
     31,543       88  
Lupin Ltd.
     45,780       528  
 
                
 
             616  
Software & Services 0.2%
                
Infosys Technologies Ltd.
     81,900       2,151  
Telecommunication Services 0.1%
                
Bharti Airtel Ltd. *
     127,372       1,630  
Utilities 0.1%
                
GVK Power & Infrastructure Ltd. *
     2,570,455       968  
 
                
 
             10,727  
 
                
Indonesia 0.2%
                
Banks 0.1%
                
PT Bank Rakyat Indonesia
     2,551,500       998  
Food, Beverage & Tobacco 0.1%
                
PT Astra Agro Lestari Tbk
     738,500       693  
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk *
     2,330,500       600  
 
                
 
             1,293  
 
                
 
             2,291  
 
                
Ireland 1.5%
                
Banks 0.2%
                
Bank of Ireland
     3,499,800       2,697  
Commercial & Professional Supplies 0.6%
                
Experian plc
     1,140,200       7,096  
Food, Beverage & Tobacco 0.3%
                
Glanbia plc
     947,340       3,213  
Materials 0.2%
                
CRH plc
     79,947       1,868  
Media 0.0%
                
Independent News & Media plc
     1,477,799       501  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
ICON plc ADR *
     60,953       1,225  
Transportation 0.1%
                
Ryanair Holdings plc ADR *
     48,600       1,167  
 
                
 
             17,767  
 
                
Israel 0.5%
                
Capital Goods 0.2%
                
Elbit Systems Ltd.
     61,103       2,706  
Pharmaceuticals, Biotechnology & Life Sciences 0.3%
                
Teva Pharmaceutical Industries Ltd. ADR
     88,447       3,666  

5

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Technology Hardware & Equipment 0.0%
                
Orbotech Ltd. *
     25,000       104  
 
                
 
             6,476  
Italy 1.4%
               
Automobiles & Components 0.1%
                
Landi Renzo S.p.A.
     174,264       703  
Capital Goods 0.1%
                
Astaldi S.p.A.
     301,559       1,367  
Prysmian S.p.A.
     18,900       239  
Trevi Finanziaria S.p.A.
     6,989       58  
 
                
 
             1,664  
Consumer Durables & Apparel 0.5%
                
Luxottica Group S.p.A.
     389,600       5,506  
Diversified Financials 0.0%
                
Azimut Holding S.p.A.
     102,085       523  
Energy 0.2%
                
Saipem S.p.A.
     183,673       2,799  
Food, Beverage & Tobacco 0.1%
                
Davide Campari — Milano S.p.A.
     129,311       731  
Insurance 0.1%
                
Mediolanum S.p.A
     252,800       978  
Transportation 0.3%
                
Ansaldo STS S.p.A.
     193,250       2,342  
Autostrada Torino-Milano S.p.A.
     101,781       663  
 
                
 
             3,005  
 
                
 
             15,909  
 
                
Japan 12.1%
                
Automobiles & Components 1.3%
                
F.C.C. Co., Ltd.
     389,500       3,834  
Honda Motor Co., Ltd.
     204,500       4,700  
Toyota Motor Corp.
     206,000       6,626  
 
                
 
             15,160  
Banks 0.3%
                
Seven Bank Ltd.
     780       2,364  
Suruga Bank Ltd.
     126,000       1,109  
 
                
 
             3,473  
Capital Goods 1.3%
                
Hankyu Hanshin Holdings, Inc.
     229,000       1,254  
JGC Corp.
     42,000       594  
Miura Co., Ltd.
     124,100       2,842  
Nabtesco Corp.
     87,000       531  
NGK Insulators Ltd.
     94,000       1,208  
Taisei Corp.
     447,000       987  
Takeuchi Mfg Co., Ltd.
     197,800       1,468  
The Japan Steel Works Ltd.
     94,000       1,013  
Toyo Engineering Corp.
     176,000       570  
Toyo Tanso Co., Ltd.
     8,600       319  
Ushio, Inc.
     364,700       4,626  
 
                
 
             15,412  
Commercial & Professional Supplies 0.3%
                
Aeon Delight Co., Ltd.
     62,000       1,351  
Daiseki Co., Ltd.
     43,100       660  
Meitec Corp.
     120,000       1,871  
 
                
 
             3,882  
Consumer Durables & Apparel 0.5%
                
Asics Corp.
     179,000       1,332  
Shimano, Inc.
     134,400       4,595  
 
                
 
             5,927  
Consumer Services 0.0%
                
Benesse Corp.
     9,300       397  
Diversified Financials 1.2%
                
Daiwa Securities Group, Inc.
     2,408,300       13,299  
Osaka Securities Exchange Co., Ltd.
     271       1,230  
 
                
 
             14,529  
Energy 0.2%
                
Shinko Plantech Co., Ltd.
     254,600       1,955  
Food & Staples Retailing 0.2%
                
FamilyMart Co., Ltd.
     43,200       1,578  
Matsumotokiyoshi Holdings Co., Ltd.
     61,700       1,215  
 
                
 
             2,793  
Food, Beverage & Tobacco 0.7%
                
Hokuto Corp.
     95,200       2,516  
Nippon Meat Packers, Inc.
     26,000       327  
Toyo Suisan Kaisha Ltd.
     106,000       2,795  
Unicharm Petcare Corp.
     63,500       2,102  
 
                
 
             7,740  
Health Care Equipment & Services 0.2%
                
So-net M3, Inc.
     261       950  
Terumo Corp.
     30,100       1,022  
 
                
 
             1,972  
Household & Personal Products 0.2%
                
Kobayashi Pharmaceutical Co., Ltd.
     56,800       2,146  
Materials 0.7%
                
JSR Corp.
     86,500       1,052  
Nifco, Inc.
     194,200       1,732  
Osaka Titanium Technologies Co., Ltd.
     11,400       247  
Taiyo Ink Mfg. Co., Ltd.
     182,900       3,420  
Tosoh Corp.
     512,000       1,073  
Ube Industries Ltd.
     381,000       821  
 
                
 
             8,345  
Media 0.4%
                
Jupiter Telecommunications Co., Ltd.
     3,932       3,717  
Sky Perfect JSAT Holdings, Inc.
     3,452       1,447  
 
                
 
             5,164  

6

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Pharmaceuticals, Biotechnology & Life Sciences 0.5%
                
Kaken Pharmaceutical Co., Ltd.
     237,000       2,603  
Shionogi & Co., Ltd.
     46,000       986  
Tsumura & Co.
     70,300       2,317  
 
                
 
             5,906  
Real Estate 0.2%
                
AEON Mall Co., Ltd.
     20,900       287  
Leopalace21 Corp.
     30,700       259  
Nomura Real Estate Office Fund, Inc.
     287       1,805  
 
                
 
             2,351  
Retailing 0.8%
                
ABC-Mart, Inc.
     57,800       1,897  
Fast Retailing Co., Ltd.
     9,100       1,148  
Nitori Co., Ltd.
     46,310       3,269  
Point, Inc.
     57,400       2,571  
Rakuten, Inc. *
     1,800       1,061  
 
                
 
             9,946  
Semiconductors & Semiconductor Equipment 0.7%
                
Rohm Co., Ltd.
     166,600       8,274  
Software & Services 0.7%
                
Capcom Co., Ltd.
     162,700       2,907  
Kakaku.com, Inc.
     323       1,253  
Net One Systems Co., Ltd.
     1,125       1,975  
Nintendo Co., Ltd.
     4,900       1,519  
 
                
 
             7,654  
Technology Hardware & Equipment 1.5%
                
Canon, Inc.
     230,400       6,287  
Hosiden Corp.
     81,000       946  
Nippon Electric Glass Co., Ltd.
     99,000       653  
OMRON Corp.
     766,800       9,133  
 
                
 
             17,019  
Utilities 0.2%
                
Osaka Gas Co., Ltd.
     420,000       1,789  
 
                
 
             141,834  
 
                
Luxembourg 0.7%
                
Energy 0.4%
                
Tenaris S.A. ADR
     224,425       4,441  
Telecommunication Services 0.3%
                
Millicom International Cellular S.A.
     88,014       3,447  
 
                
 
             7,888  
 
                
Mexico 1.1%
                
Capital Goods 0.0%
                
Empresas ICA S.A.B. de C.V. *
     271,300       434  
Consumer Durables & Apparel 0.0%
                
Desarrolladora Homex S.A. de C.V. ADR *
     24,160       461  
Diversified Financials 0.0%
                
Banco Compartamos S.A. de C.V.
     275,400       509  
Food, Beverage & Tobacco 0.5%
                
Fomento Economico Mexicano S.A.B. de C.V.
     188,700       5,312  
Media 0.6%
                
Grupo Televisa S.A. ADR
     441,700       6,179  
Megacable Holdings S.A.B. de C.V. *
     340,800       427  
 
                
 
             6,606  
 
                
 
             13,322  
 
                
Netherlands 3.4%
                
Capital Goods 0.4%
                
Arcadis N.V.
     56,898       619  
Imtech N.V.
     51,172       787  
Koninklijke BAM Groep N.V.
     204,537       1,740  
Koninklijke Boskalis Westminster N.V. , CVA
     79,446       1,603  
 
                
 
             4,749  
Commercial & Professional Supplies 0.0%
                
Randstad Holding N.V.
     27,600       547  
Energy 0.8%
                
Core Laboratories N.V.
     22,000       1,478  
Fugro N.V., CVA
     49,695       1,343  
Schlumberger Ltd.
     147,575       6,022  
 
                
 
             8,843  
Food, Beverage & Tobacco 0.1%
                
Unilever N.V.
     47,000       1,033  
Materials 0.5%
                
Akzo Nobel N.V.
     155,400       5,548  
Media 0.1%
                
Wolters Kluwer N.V.
     55,300       994  
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
                
QIAGEN N.V. *
     103,191       1,770  
Semiconductors & Semiconductor Equipment 0.4%
                
ASML Holding N.V.
     289,800       4,793  
Technology Hardware & Equipment 0.0%
                
Smartrac N.V. *
     24,723       308  
Transportation 0.9%
                
Koninklijke Vopak N.V.
     291,023       10,903  
 
                
 
             39,488  
 
                
New Zealand 1.1%
                
Consumer Services 0.2%
                
Sky City Entertainment Group Ltd.
     1,544,979       2,409  
Health Care Equipment & Services 0.6%
                
Fisher & Paykel Healthcare Corp., Ltd.
     3,931,047       6,706  
Materials 0.0%
                
Nufarm Ltd.
     32,800       232  

7

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Retailing 0.1%
                
The Warehouse Group Ltd.
     593,903       1,099  
Transportation 0.2%
                
Auckland International Airport Ltd.
     2,474,582       2,272  
 
                
 
             12,718  
 
                
Norway 0.5%
                
Consumer Durables & Apparel 0.1%
                
Ekornes A.S.A.
     130,700       1,200  
Energy 0.2%
                
Farstad Shipping A.S.A.
     170,950       1,970  
TGS Nopec Geophysical Co., A.S.A. *
     134,268       767  
 
                
 
             2,737  
Materials 0.1%
                
Yara International A.S.A.
     16,200       364  
Yara International A.S.A. ADR
     7,975       181  
 
                
 
             545  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Pronova BioPharma A/S *
     427,153       1,258  
 
                
 
             5,740  
Republic of Korea 1.4%
               
Capital Goods 0.1%
                
Taewoong Co., Ltd. *
     18,662       1,206  
Consumer Services 0.2%
                
MegaStudy Co., Ltd. *
     17,040       2,057  
Food, Beverage & Tobacco 0.2%
                
Hite Brewery Co., Ltd. *
     2,102       226  
Lotte Chilsung Beverage Co., Ltd. *
     1,218       762  
Nong Shim Co., Ltd. *
     7,594       1,099  
 
                
 
             2,087  
Household & Personal Products 0.1%
                
LG Household & Health Care Ltd. *
     9,224       1,110  
Retailing 0.1%
                
CJ Home Shopping *
     48,450       1,503  
Semiconductors & Semiconductor Equipment 0.5%
                
Hynix Semiconductor, Inc. *
     80,100       506  
Samsung Electronics Co., Ltd.
     14,000       4,868  
 
                
 
             5,374  
Technology Hardware & Equipment 0.1%
                
Digitech Systems Co., Ltd. *
     139,040       1,429  
Telecommunication Services 0.1%
                
KT Freetel Co., Ltd. *
     50,500       1,058  
 
                
 
             15,824  
 
                
Singapore 2.3%
                
Capital Goods 0.3%
                
Midas Holdings Ltd.
     3,027,000       1,029  
SembCorp Marine Ltd.
     2,165,000       2,219  
 
                
 
             3,248  
Food & Staples Retailing 0.1%
                
Olam International Ltd.
     1,414,300       1,134  
Food, Beverage & Tobacco 0.2%
                
Wilmar International Ltd.
     1,176,000       2,212  
Health Care Equipment & Services 0.1%
                
Parkway Holdings Ltd.
     2,529,780       1,908  
Real Estate 0.3%
                
CapitaMall Trust
     3,098,000       3,212  
Telecommunication Services 0.4%
                
StarHub Ltd.
     3,322,000       4,448  
Transportation 0.7%
                
SIA Engineering Co., Ltd.
     2,655,000       3,578  
Singapore Airport Terminal Services Ltd.
     2,326,000       2,097  
SMRT Corp., Ltd.
     2,656,000       2,776  
 
                
 
             8,451  
Utilities 0.2%
                
Hyflux Ltd.
     1,920,000       2,228  
 
                
 
             26,841  
 
                
South Africa 0.3%
                
Capital Goods 0.0%
                
Wilson Bayly Holmes-Ovcon Ltd.
     55,548       524  
Food & Staples Retailing 0.1%
                
Shoprite Holdings Ltd.
     111,352       590  
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
                
Aspen Pharmacare Holdings Ltd. *
     54,168       223  
Retailing 0.1%
                
JD Group Ltd.
     199,369       708  
Telecommunication Services 0.1%
                
MTN Group Ltd.
     119,091       1,129  
 
                
 
             3,174  
 
                
Spain 2.2%
                
Capital Goods 0.2%
                
Construcciones y Auxiliar de Ferrocarriles S.A.
     3,525       960  
Gamesa Corp. Tecnologica S.A.
     80,777       1,353  
 
                
 
             2,313  
Commercial & Professional Supplies 0.6%
                
Prosegur, Compania de Seguridad S.A. - Reg’d
     217,352       6,657  

8

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Diversified Financials 0.1%
                
Bolsas y Mercados Espanoles
     53,900       1,168  
Food, Beverage & Tobacco 0.1%
                
Viscofan S.A.
     89,030       1,670  
Media 0.5%
                
Gestevision Telecinco S.A.
     627,200       5,381  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Grifols S.A.
     63,957       1,121  
Retailing 0.1%
                
Industria de Diseno Textil S.A.
     23,992       913  
Software & Services 0.1%
                
Indra Sistemas S.A.
     57,000       1,145  
Utilities 0.4%
                
Acciona S.A.
     12,800       1,442  
Enagas
     90,800       1,574  
Iberdrola Renovables S.A. *
     476,495       1,926  
 
                
 
             4,942  
 
                
 
             25,310  
 
                
Sweden 0.9%
                
Capital Goods 0.5%
                
Assa Abloy AB, B Shares
     664,000       6,641  
Consumer Services 0.1%
                
Betsson AB *
     70,655       667  
Food, Beverage & Tobacco 0.0%
                
Swedish Match AB
     42,300       571  
Health Care Equipment & Services 0.1%
                
Elekta AB, Class B
     61,685       698  
Materials 0.1%
                
Billerud
     306,282       617  
Retailing 0.1%
                
Hennes & Mauritz AB, B Shares
     49,100       1,895  
 
                
 
             11,089  
 
                
Switzerland 10.7%
                
Capital Goods 1.0%
                
ABB Ltd. - Reg’d *
     495,459       6,434  
Burckhardt Compression Holding AG
     3,847       415  
Geberit AG - Reg’d
     47,400       4,587  
 
                
 
             11,436  
Commercial & Professional Supplies 1.0%
                
Adecco S.A. - Reg’d
     305,000       10,239  
SGS S.A. - Reg’d
     1,805       1,909  
 
                
 
             12,148  
Consumer Durables & Apparel 1.2%
                
Advanced Digital Broadcast Holdings S.A. Reg’d *
     28,472       613  
Compagnie Financiere Richemont S.A., Series A
     529,500       7,761  
Swatch Group AG
     49,500       5,512  
 
                
 
             13,886  
Diversified Financials 2.1%
                
Credit Suisse Group AG - Reg’d
     612,395       15,629  
Partners Group Holding AG
     16,670       1,107  
UBS AG - Reg’d *
     654,811       8,212  
 
                
 
             24,948  
Energy 0.6%
                
Transocean Ltd. *
     121,646       6,644  
Food, Beverage & Tobacco 1.1%
                
Barry Callebaut AG - Reg’d *
     1,300       582  
Nestle S.A. - Reg’d
     132,283       4,572  
Nestle S.A. - Reg’d ADR
     222,162       7,653  
 
                
 
             12,807  
Health Care Equipment & Services 0.1%
                
Galenica AG - Reg’d
     4,160       1,302  
Insurance 0.4%
                
Zurich Financial Services AG - Reg’d
     24,112       4,348  
Materials 0.6%
                
Givaudan S.A. - Reg’d
     9,500       6,435  
Pharmaceuticals, Biotechnology & Life Sciences 1.7%
                
Acino Holding AG - Reg’d
     3,976       725  
Actelion Ltd. - Reg’d *
     68,874       3,738  
Basilea Pharmaceutica AG - Reg’d *
     10,508       1,309  
Lonza Group AG - Reg’d
     28,637       2,613  
Novartis AG - Reg’d
     117,800       4,840  
Novartis AG ADR
     63,850       2,634  
Roche Holding AG
     30,165       4,235  
 
                
 
             20,094  
Real Estate 0.2%
                
PSP Swiss Property AG - Reg’d *
     26,602       1,126  
Swiss Prime Site AG - Reg’d *
     25,483       1,075  
 
                
 
             2,201  
Transportation 0.7%
                
Kuehne & Nagel International AG - Reg’d
     152,995       8,415  
 
                
 
             124,664  
 
                
Taiwan 0.3%
                
Consumer Durables & Apparel 0.1%
                
Giant Manufacturing Co., Ltd.
     529,000       1,122  
Food & Staples Retailing 0.0%
                
President Chain Store Corp.
     171,000       403  
Materials 0.1%
                
Goldsun Development & Construction Co., Ltd.
     5,135,000       1,337  

9

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Technology Hardware & Equipment 0.1%
                
Acer, Inc.
     988,000       1,227  
 
                
 
             4,089  
 
    
United Arab Emirates 0.1%
               
Transportation 0.1%
                
DP World Ltd.
     2,877,735       720  
United Kingdom 17.0%
               
Banks 0.7%
               
Lloyds Banking Group plc
     1,506,400       1,962  
Standard Chartered plc
     442,116       5,587  
 
                
 
             7,549  
Capital Goods 3.4%
                
BAE Systems plc
     368,919       2,141  
BAE Systems plc ADR
     27,050       634  
Balfour Beatty plc
     106,000       566  
Bodycote plc
     1,462,433       2,565  
Chemring Group plc
     82,267       2,732  
Chloride Group plc
     2,126,959       4,142  
Cobham plc
     1,330,714       4,105  
Invensys plc *
     248,600       554  
Qinetiq plc
     330,487       716  
Rolls-Royce Group plc *
     987,804       4,716  
Spirax-Sarco Engineering plc
     152,066       1,825  
The Weir Group plc
     1,122,195       5,377  
Ultra Electronics Holdings plc
     376,655       6,310  
VT Group plc
     419,547       3,601  
 
                
 
             39,984  
Commercial & Professional Supplies 2.0%
                
Babcock International Group plc
     324,778       2,368  
Capita Group plc
     388,027       3,901  
Connaught plc
     143,940       747  
De La Rue plc
     225,634       3,047  
G4S plc
     2,292,500       6,330  
Intertek Group plc
     87,096       1,072  
Serco Group plc
     912,350       5,778  
 
                
 
             23,243  
Consumer Durables & Apparel 0.1%
                
The Berkeley Group Holdings plc *
     57,900       660  
Consumer Services 0.3%
                
Domino’s Pizza UK & IRL plc
     471,139       1,461  
Greene King plc
     197,169       1,204  
Whitbread plc
     54,600       645  
 
                
 
             3,310  
Diversified Financials 1.3%
                
Aberdeen Asset Management plc
     423,850       788  
Ashmore Group plc
     192,094       352  
BlueBay Asset Management plc
     250,468       310  
Cattles plc
     3,591,535       584  
IG Group Holdings plc
     496,382       2,079  
Man Group plc
     492,125       1,461  
Provident Financial plc
     94,549       1,061  
Schroders plc
     774,000       8,515  
 
                
 
             15,150  
Energy 1.1%
                
AMEC plc
     219,290       1,783  
BG Group plc
     212,926       2,919  
Dana Petroleum plc *
     86,113       1,124  
John Wood Group plc
     127,171       356  
Petrofac Ltd.
     71,253       429  
Tullow Oil plc
     343,120       3,422  
Wellstream Holdings plc
     410,167       2,822  
 
                
 
             12,855  
Food, Beverage & Tobacco 1.4%
                
British American Tobacco plc
     150,178       4,118  
British American Tobacco plc ADR
     68,775       3,790  
Cadbury plc ADR
     11,616       375  
Diageo plc
     444,600       5,965  
Diageo plc ADR
     45,925       2,496  
 
                
 
             16,744  
Health Care Equipment & Services 0.1%
                
SSL International plc
     213,603       1,553  
Household & Personal Products 0.4%
                
Reckitt Benckiser Group plc
     117,844       4,539  
Insurance 0.6%
                
Admiral Group plc
     115,035       1,491  
Amlin plc
     644,163       3,569  
Jardine Lloyd Thompson Group plc
     316,108       2,060  
 
                
 
             7,120  
Materials 1.4%
                
Croda International plc
     448,582       3,231  
Rexam plc
     963,283       4,326  
Rio Tinto plc ADR
     45,075       3,910  
Vedanta Resources plc
     66,900       529  
Victrex plc
     601,535       3,732  
 
                
 
             15,728  
Media 1.4%
                
British Sky Broadcasting Group plc
     1,490,431       10,660  
Johnston Press plc
     2,955,100       370  
Thomson Reuters plc
     284,600       5,722  
 
                
 
             16,752  
Pharmaceuticals, Biotechnology & Life Sciences 0.4%
                
GlaxoSmithKline plc
     294,900       5,201  
Retailing 0.2%
                
ASOS plc *
     252,608       993  
Mothercare plc
     43,425       247  
Next plc
     64,882       1,102  
 
                
 
             2,342  
Software & Services 0.6%
                
Autonomy Corp. plc *
     287,411       4,519  
Blinkx plc *
     747,900       157  

10

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Micro Focus International plc
     265,319       1,159  
Playtech Ltd.
     153,566       822  
 
                
 
             6,657  
Technology Hardware & Equipment 1.2%
                
Halma plc
     1,008,051       2,658  
Laird plc
     1,577,793       2,006  
Rotork plc
     558,154       5,557  
Spectris plc
     388,174       2,702  
TT electronics plc
     3,535,210       1,530  
 
                
 
             14,453  
Telecommunication Services 0.4%
                
Inmarsat plc
     298,900       1,769  
Vodafone Group plc
     1,738,694       3,229  
 
                
 
             4,998  
 
                
 
             198,838  
 
                
United States 0.2%
                
Consumer Services 0.1%
                
Tim Hortons, Inc.
     24,562       605  
Energy 0.1%
                
Gran Tierra Energy, Inc. *
     275,087       778  
Telecommunication Services 0.0%
                
NII Holdings, Inc. *
     29,000       563  
 
                
 
             1,946  
 
                
Total Common Stock
(Cost $1,602,476)
             1,085,131  
 
                
 
                
Preferred Stock 0.3% of net assets
                
 
                
Brazil 0.2%
                
Banks 0.0%
                
Banco Sofisa S.A.
     129,875       227  
Energy 0.2%
                
Petroleo Brasileiro S.A.
     278,903       3,009  
 
                
 
             3,236  
 
                
Germany 0.1%
                
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Biotest AG
     13,646       678  
 
                
Total Preferred Stock
(Cost $4,887)
             3,914  
 
                
 
                
Other Investment Companies 6.9% of net assets
                
 
                
iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker
     2,167,700       2,617  
iShares MSCI EAFE Growth Index Fund
     22,800       906  
iShares MSCI Emerging Markets Index Fund
     354,000       8,011  
iShares MSCI Japan Index Fund
     400,659       3,378  
State Street Institutional Liquid Reserves Fund - Institutional Class
     64,184,463       64,184  
World Index Share ETFs - CSI 300 China Tracker *
     758,200       2,156  
 
                
Total Other Investment Companies
(Cost $92,718)
             81,252  
 
                
                 
    Face/Maturity    
Issuer   Amount   Value
Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 0.6% of net assets
                
 
                
U.S. Treasury Obligations 0.6%
                
U.S. Treasury Bill
                
(0.03)%, 03/26/09 (a)
     2       2  
(0.02)%, 03/26/09 (a)
     6,677       6,677  
 
                
Total Short-Term Investments
(Cost $6,679)
             6,679  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/2009, the tax basis cost of the fund’s investments was $1,769,118 and the unrealized appreciation and depreciation were $31,049 and ($623,191), respectively, with a net unrealized depreciation of ($592,142).
At 01/31/09, the prices of certain foreign securities held by the fund aggregating $887,820 were adjusted from their closing market prices following the guidelines adopted by the fund’s Board of Trustees.
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
 
(b)   Illiquid security. At the period end, the value of these amounted to $5,177 or 0.4% of net assets.
 
ADR   - American Depositary Receipt
 
BDR   - Brazilian depositary receipt
 
CVA   - Dutch Certificate
 
Reg’d   - Registered
 
REIT   - Real Estate Investment Trust
In addition to the above the fund held the following at 01/31/09. All numbers are x1,000 except number of futures contracts.

11

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses $
Futures Contracts
                        
Russell 2000 Index, mini, Long, expires 03/20/09
     515       22,794       (619 )
S & P 500 Index, e-mini, Long, expires 03/20/09
     70       2,879       (71 )
S & P 500 Index, Long, expires 03/19/09
     60       12,338       (749 )
 
                        
Net unrealized losses on futures
                     (1,439 )
 
                        
                                 
        Amount       Amount    
        of       of    
    Currency   Currency   Currency   Currency   Unrealized
       Expiration   to be   to be   to be   to be   Gains /
           Date   Received   Received   Delivered   Delivered   Losses
Forward Foreign Currency Contracts
                                
 
                                
03/31/2009
   USD     1,535     EUR     1,200       322  
05/26/2009
   USD     7,674     EUR     6,000       1,592  
03/17/2009
   USD     2,564     JPY     230,123       (68 )
03/17/2009
   JPY     230,123     USD     2,564       (5 )
04/28/2009
   USD     13,741     JPY     1,232,100       (525 )
02/03/2009
   ZAR     1,324     USD     130       (3 )
02/02/2009
   ZAR     438     USD     43       (1 )
05/11/2009
   USD     15,613     CHF     18,080       1,491  
 
                                
Total net unrealized gains on Forward Foreign Currency Contracts
                             2,803  
 
                                

12

 

Laudus International MarketMasters Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - - quoted prices in active markets for identical securities
Level 2 - - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 282,492  
Level 2 - Other Significant Observable Inputs
     894,484  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 1,176,976  
 
      
 
*   Other financial instruments include future and forward contracts of ($1,439) and $2,803, respectively.
REG46830JAN09

13

 

Schwab Capital Trust
Schwab Balanced FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  100.1 %  
Other Investment Companies
     103,632       78,397  
  100.1 %  
Total Investments
     103,632       78,397  
  (0.1 )%  
Other Assets and Liabilities Net
             (59 )
  100.0 %  
Net Assets
             78,338  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 100.1% of net assets
                
 
                
Laudus Small-Cap MarketMasters Fund, Select Shares (a)
     905,491       6,764  
Schwab Core Equity Fund (a)
     3,417,595       40,806  
Schwab Total Bond Market Fund (a)
     3,330,586       29,143  
State Street Institutional Liquid Reserves Fund - Institutional Class
     1,683,851       1,684  
 
                
Total Other Investment Companies
(Cost $103,632)
             78,397  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $104,365, and the unrealized appreciation and depreciation were $0 and ($25,968), respectively, with a net depreciation of ($25,968).
 
(a)   Issuer is affiliated with the fund’s adviser.
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - - quoted prices in active markets for identical securities
Level 2 - - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.

1

 

Schwab Balanced Fund
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 78,397  
Level 2 - Other Significant Observable Inputs
     —  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 78,397  
 
      
 
*   The fund had no other financial instruments.
REG46831JAN09

2

 

Schwab Capital Trust
Schwab MarketTrack Growth PortfolioTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  15.5 %  
Common Stock
     69,004       74,422  
  — %  
Foreign Common Stock
     75       35  
  84.5 %  
Other Investment Companies
     519,602       406,350  
  100.0 %  
Total Investments
     588,681       480,807  
  0.0 %  
Other Assets and Liabilities, Net
             (91 )
  100.0 %  
Total Net Assets
             480,716  
                 
             
Security   Number of
Shares		   Value
($ x 1,000)
Common Stock 15.5% of net assets
                
 
                
Automobiles & Components 0.0%
                
Ford Motor Co. *
     18,103       34  
General Motors Corp.
     5,425       16  
Harley-Davidson, Inc.
     3,000       36  
Johnson Controls, Inc.
     5,400       68  
The Goodyear Tire & Rubber Co. *
     1,600       10  
 
                
 
             164  
 
                
Banks 0.3%
                
BB&T Corp.
     5,300       105  
Comerica, Inc.
     1,700       28  
Fifth Third Bancorp
     5,369       13  
First Horizon National Corp.
     1,258       12  
Hudson City Bancorp, Inc.
     3,500       40  
Huntington Bancshares, Inc.
     2,262       6  
KeyCorp
     4,400       32  
M&T Bank Corp.
     998       39  
Marshall & Ilsley Corp.
     2,056       12  
People’s United Financial, Inc.
     3,600       59  
PNC Financial Services Group, Inc.
     3,039       99  
Regions Financial Corp.
     7,173       25  
SunTrust Banks, Inc.
     3,500       43  
U.S. Bancorp
     17,972       267  
Wells Fargo & Co.
     43,530       823  
Zions Bancorp
     900       13  
 
                
 
             1,616  
 
                
Capital Goods 1.2%
                
3M Co.
     7,600       409  
Caterpillar, Inc.
     6,600       204  
Cooper Industries Ltd., Class A
     1,800       48  
Cummins, Inc.
     1,600       38  
Danaher Corp.
     2,800       157  
Deere & Co.
     4,600       160  
Dover Corp.
     2,000       57  
Eaton Corp.
     1,400       62  
Emerson Electric Co.
     8,000       262  
Fastenal Co.
     975       33  
Flowserve Corp.
     600       32  
Fluor Corp.
     1,600       62  
General Dynamics Corp.
     4,000       227  
General Electric Co.
     107,300       1,302  
Goodrich Corp.
     1,100       42  
Honeywell International, Inc.
     8,437       277  
Illinois Tool Works, Inc.
     4,200       137  
Ingersoll-Rand Co., Ltd., Class A
     3,783       61  
ITT Corp.
     1,800       81  
Jacobs Engineering Group, Inc. *
     1,200       46  
L-3 Communications Holdings, Inc.
     1,100       87  
Lockheed Martin Corp.
     3,900       320  
Masco Corp.
     4,500       35  
Northrop Grumman Corp.
     3,592       173  
PACCAR, Inc.
     3,543       93  
Pall Corp.
     1,000       26  
Parker Hannifin Corp.
     1,725       66  
Precision Castparts Corp.
     1,400       91  
Raytheon Co.
     4,500       228  
Rockwell Automation, Inc.
     1,900       49  
Rockwell Collins, Inc.
     1,900       72  
Textron, Inc.
     3,000       27  
The Boeing Co.
     8,078       342  
The Manitowoc Co., Inc.
     1,300       7  
Tyco International Ltd.
     4,950       104  
United Technologies Corp.
     10,000       480  
W.W. Grainger, Inc.
     900       66  
 
                
 
             5,963  
 
                
Commercial & Professional Supplies 0.1%
                
Avery Dennison Corp.
     1,200       29  
Cintas Corp.
     1,638       37  
Equifax, Inc.
     1,200       30  
Iron Mountain, Inc. *
     1,900       39  
Monster Worldwide, Inc. *
     954       9  
Pitney Bowes, Inc.
     2,300       51  
R.R. Donnelley & Sons Co.
     2,100       20  
Republic Services, Inc.
     3,295       85  
Robert Half International, Inc.
     1,700       29  
Stericycle, Inc. *
     900       44  
The Dun & Bradstreet Corp.
     600       46  
Waste Management, Inc.
     5,517       172  
 
                
 
             591  
 
                
Consumer Durables & Apparel 0.2%
                
Centex Corp.
     1,200       10  
Coach, Inc. *
     3,600       53  
D.R. Horton, Inc.
     2,660       16  
Eastman Kodak Co.
     3,100       14  
Fortune Brands, Inc.
     1,400       45  

1

 

Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Harman International Industries, Inc.
     700       11  
Hasbro, Inc.
     1,650       40  
Jones Apparel Group, Inc.
     1,200       4  
KB HOME
     800       9  
Leggett & Platt, Inc.
     2,000       25  
Lennar Corp., Class A
     1,300       10  
Liz Claiborne, Inc.
     1,200       3  
Mattel, Inc.
     4,150       59  
Newell Rubbermaid, Inc.
     2,745       22  
NIKE, Inc., Class B
     4,600       208  
Polo Ralph Lauren Corp.
     500       20  
Pulte Homes, Inc.
     2,400       24  
Snap-on, Inc.
     600       18  
The Black & Decker Corp.
     900       26  
The Stanley Works
     600       19  
VF Corp.
     1,200       67  
Whirlpool Corp.
     907       30  
 
                
 
             733  
 
                
Consumer Services 0.3%
                
Apollo Group, Inc., Class A *
     1,700       139  
Carnival Corp.
     4,300       78  
Darden Restaurants, Inc.
     1,800       47  
H&R Block, Inc.
     3,400       70  
International Game Technology
     3,400       36  
Marriott International, Inc., Class A
     3,900       64  
McDonald’s Corp.
     12,400       719  
Starbucks Corp. *
     7,920       75  
Starwood Hotels & Resorts Worldwide, Inc.
     1,900       29  
Wyndham Worldwide Corp.
     1,986       12  
Wynn Resorts Ltd. *
     600       18  
Yum! Brands, Inc.
     6,240       179  
 
                
 
             1,466  
 
                
Diversified Financials 0.7%
                
American Capital Ltd.
     900       3  
American Express Co.
     12,300       206  
Ameriprise Financial, Inc.
     2,300       46  
Bank of America Corp.
     54,138       356  
Bank of New York Mellon Corp.
     10,986       283  
Capital One Financial Corp.
     2,900       46  
CIT Group, Inc.
     2,000       6  
Citigroup, Inc.
     49,392       175  
CME Group, Inc.
     340       59  
Discover Financial Services
     5,450       39  
E*TRADE Financial Corp. *
     3,500       4  
Federated Investors, Inc., Class B
     1,100       21  
Franklin Resources, Inc.
     1,500       73  
IntercontinentalExchange, Inc. *
     700       40  
Janus Capital Group, Inc.
     2,200       12  
JPMorgan Chase & Co.
     37,615       960  
Legg Mason, Inc.
     1,200       19  
Leucadia National Corp. *
     1,500       24  
Moody’s Corp.
     3,000       64  
Morgan Stanley
     10,900       220  
Northern Trust Corp.
     2,200       126  
NYSE Euronext
     2,500       55  
SLM Corp. *
     4,110       47  
State Street Corp.
     3,300       77  
T. Rowe Price Group, Inc.
     2,400       66  
The Charles Schwab Corp. (a)
     11,242       153  
The Goldman Sachs Group, Inc.
     4,179       337  
The Nasdaq OMX Group, Inc. *
     1,400       31  
 
                
 
             3,548  
 
                
Energy 2.2%
                
Anadarko Petroleum Corp.
     4,836       178  
Apache Corp.
     3,308       248  
Baker Hughes, Inc.
     3,360       112  
BJ Services Co.
     3,000       33  
Cabot Oil & Gas Corp.
     1,000       27  
Cameron International Corp. *
     2,200       51  
Chesapeake Energy Corp.
     3,600       57  
Chevron Corp.
     21,635       1,526  
ConocoPhillips
     16,440       781  
CONSOL Energy, Inc.
     1,800       49  
Devon Energy Corp.
     4,600       283  
El Paso Corp.
     6,306       52  
ENSCO International, Inc.
     1,100       30  
EOG Resources, Inc.
     2,256       153  
Exxon Mobil Corp.
     57,298       4,382  
Halliburton Co.
     9,916       171  
Hess Corp.
     2,520       140  
Marathon Oil Corp.
     7,178       195  
Massey Energy Co.
     800       12  
Murphy Oil Corp.
     1,600       71  
Nabors Industries Ltd. *
     2,800       31  
National-Oilwell Varco, Inc. *
     3,200       85  
Noble Corp.
     2,600       71  
Noble Energy
     1,500       73  
Occidental Petroleum Corp.
     7,800       425  
Peabody Energy Corp.
     1,900       47  
Pioneer Natural Resources Co.
     1,200       18  
Range Resources Corp.
     1,300       47  
Rowan Cos., Inc.
     1,100       14  
Schlumberger Ltd.
     11,400       465  
Smith International, Inc.
     1,900       43  
Southwestern Energy Co. *
     3,500       111  
Spectra Energy Corp.
     5,674       82  
Sunoco, Inc.
     1,400       65  
Tesoro Corp.
     1,400       24  
The Williams Cos., Inc.
     5,000       71  
Valero Energy Corp.
     6,000       145  
Weatherford International Ltd. *
     5,440       60  
XTO Energy, Inc.
     4,166       155  
 
                
 
             10,583  
 
                
Food & Staples Retailing 0.5%
                
Costco Wholesale Corp.
     4,400       198  
CVS Caremark Corp.
     15,264       410  
Safeway, Inc.
     4,200       90  
SUPERVALU, Inc.
     2,043       36  
Sysco Corp.
     6,200       138  
The Kroger Co.
     7,200       162  
Wal-Mart Stores, Inc.
     24,800       1,169  

2

 

Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Walgreen Co.
     9,900       272  
Whole Foods Market, Inc.
     1,000       10  
 
                
 
             2,485  
 
                
Food, Beverage & Tobacco 1.0%
                
Altria Group, Inc.
     20,300       336  
Archer-Daniels-Midland Co.
     6,532       179  
Brown-Forman Corp., Class B
     1,130       51  
Campbell Soup Co.
     1,800       55  
Coca-Cola Enterprises, Inc.
     4,000       45  
ConAgra Foods, Inc.
     4,900       84  
Constellation Brands, Inc., Class A *
     1,920       28  
Dean Foods Co. *
     1,300       25  
Dr. Pepper Snapple Group, Inc. *
     2,500       41  
General Mills, Inc.
     3,576       212  
H.J. Heinz Co.
     3,400       124  
Kellogg Co.
     2,500       109  
Kraft Foods, Inc., Class A
     14,048       394  
Lorillard, Inc.
     1,818       108  
McCormick & Co., Inc.
     1,400       45  
Molson Coors Brewing Co., Class B
     1,600       65  
PepsiCo, Inc.
     16,460       827  
Philip Morris International, Inc.
     20,300       754  
Reynolds American, Inc.
     2,284       87  
Sara Lee Corp.
     7,600       76  
The Coca-Cola Co.
     20,600       880  
The Hershey Co.
     1,700       63  
The J.M. Smucker Co.
     2,790       126  
The Pepsi Bottling Group, Inc.
     1,932       37  
Tyson Foods, Inc., Class A
     2,500       22  
 
                
 
             4,773  
 
                
Health Care Equipment & Services 0.8%
                
Aetna, Inc.
     5,696       177  
AmerisourceBergen Corp.
     2,000       73  
Baxter International, Inc.
     6,100       358  
Becton, Dickinson & Co.
     2,600       189  
Boston Scientific Corp. *
     10,887       96  
C.R. Bard, Inc.
     1,000       86  
Cardinal Health, Inc.
     4,100       154  
CIGNA Corp.
     4,200       73  
Coventry Health Care, Inc. *
     1,650       25  
Covidien Ltd.
     4,950       190  
DENTSPLY International, Inc.
     1,300       35  
Express Scripts, Inc. *
     3,200       172  
Hospira, Inc. *
     1,530       38  
Humana, Inc. *
     1,400       53  
IMS Health, Inc.
     2,300       33  
Intuitive Surgical, Inc. *
     400       41  
Laboratory Corp. of America Holdings *
     1,300       77  
McKesson Corp.
     2,654       117  
Medco Health Solutions, Inc. *
     5,282       237  
Medtronic, Inc.
     11,800       395  
Patterson Cos., Inc. *
     1,300       24  
Quest Diagnostics, Inc.
     1,802       89  
St. Jude Medical, Inc. *
     3,500       127  
Stryker Corp.
     2,884       122  
Tenet Healthcare Corp. *
     4,650       5  
UnitedHealth Group, Inc.
     12,600       357  
Varian Medical Systems, Inc. *
     900       33  
WellPoint, Inc. *
     5,902       245  
Zimmer Holdings, Inc. *
     2,300       84  
 
                
 
             3,705  
 
                
Household & Personal Products 0.5%
                
Avon Products, Inc.
     4,800       98  
Colgate-Palmolive Co.
     5,300       345  
Kimberly-Clark Corp.
     4,960       255  
The Clorox Co.
     1,500       75  
The Estee Lauder Cos., Inc., Class A
     1,100       29  
The Procter & Gamble Co.
     29,964       1,633  
 
                
 
             2,435  
 
                
Insurance 0.4%
                
Aflac, Inc.
     5,200       121  
American International Group, Inc.
     25,551       33  
Aon Corp.
     2,625       97  
Assurant, Inc.
     1,000       26  
Cincinnati Financial Corp.
     1,984       43  
Genworth Financial, Inc., Class A
     3,700       9  
Lincoln National Corp.
     3,168       48  
Loews Corp.
     2,202       54  
Marsh & McLennan Cos., Inc.
     5,200       101  
MBIA, Inc. *
     1,350       5  
MetLife, Inc.
     7,310       210  
Principal Financial Group, Inc.
     3,065       51  
Prudential Financial, Inc.
     5,200       134  
The Allstate Corp.
     6,700       145  
The Chubb Corp.
     3,800       162  
The Hartford Financial Services Group, Inc.
     2,900       38  
The Progressive Corp. *
     8,400       102  
The Travelers Cos., Inc.
     6,453       249  
Torchmark Corp.
     1,100       33  
Unum Group
     2,349       33  
XL Capital Ltd., Class A
     1,300       4  
 
                
 
             1,698  
 
                
Materials 0.5%
                
Air Products & Chemicals, Inc.
     2,300       116  
AK Steel Holding Corp.
     750       6  
Alcoa, Inc.
     8,472       66  
Allegheny Technologies, Inc.
     735       16  
Ashland, Inc.
     883       7  
Ball Corp.
     800       31  
Bemis Co., Inc.
     1,000       23  
CF Industries Holdings, Inc.
     500       24  
E.I. du Pont de Nemours & Co.
     9,592       220  
Eastman Chemical Co.
     800       21  
Ecolab, Inc.
     2,200       75  
Freeport-McMoRan Copper & Gold, Inc.
     2,919       73  
International Flavors & Fragrances, Inc.
     1,100       31  

3

 

Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
International Paper Co.
     4,846       44  
MeadWestvaco Corp.
     1,970       23  
Monsanto Co.
     4,986       379  
Newmont Mining Corp.
     4,201       167  
Nucor Corp.
     3,600       147  
Owens-Illinois, Inc. *
     1,700       32  
Pactiv Corp. *
     1,500       32  
PPG Industries, Inc.
     1,700       64  
Praxair, Inc.
     3,200       199  
Rohm & Haas Co.
     1,505       83  
Sealed Air Corp.
     1,764       24  
Sigma-Aldrich Corp.
     1,200       43  
The Dow Chemical Co.
     9,394       109  
Titanium Metals Corp.
     900       6  
United States Steel Corp.
     900       27  
Vulcan Materials Co.
     800       40  
Weyerhaeuser Co.
     2,300       63  
 
                
 
             2,191  
 
                
Media 0.4%
                
CBS Corp., Class B
     7,905       45  
Comcast Corp., Class A
     31,764       466  
Gannett Co., Inc.
     2,500       15  
Meredith Corp.
     500       8  
News Corp., Class A
     24,300       155  
Omnicom Group, Inc.
     3,600       93  
Scripps Networks Interactive, Class A
     800       17  
The DIRECTV Group, Inc. *
     5,400       118  
The Interpublic Group of Cos., Inc. *
     3,700       12  
The McGraw-Hill Cos., Inc.
     3,800       84  
The New York Times Co., Class A
     1,400       7  
The Walt Disney Co.
     20,119       416  
The Washington Post Co., Class B
     25       10  
Time Warner, Inc.
     39,250       366  
Viacom, Inc., Class B *
     6,905       102  
 
                
 
             1,914  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 1.7%
                
Abbott Laboratories
     15,300       848  
Allergan, Inc.
     2,600       99  
Amgen, Inc. *
     12,138       666  
Biogen Idec, Inc. *
     3,125       152  
Bristol-Myers Squibb Co.
     19,000       407  
Celgene Corp. *
     2,600       138  
Cephalon, Inc. *
     700       54  
Eli Lilly & Co.
     9,900       364  
Forest Laboratories, Inc. *
     3,400       85  
Genzyme Corp. *
     2,400       165  
Gilead Sciences, Inc. *
     8,600       437  
Johnson & Johnson
     29,254       1,688  
King Pharmaceuticals, Inc. *
     2,133       19  
Life Technologies Corp. *
     885       22  
Merck & Co., Inc.
     21,600       617  
Millipore Corp. *
     400       22  
Mylan, Inc. *
     2,600       29  
PerkinElmer, Inc.
     1,000       13  
Pfizer, Inc.
     73,476       1,071  
Schering-Plough Corp.
     14,100       248  
Teva Pharmaceutical Industries Ltd. ADR
     689       28  
Thermo Fisher Scientific, Inc. *
     3,530       127  
Waters Corp. *
     1,300       47  
Watson Pharmaceuticals, Inc. *
     1,000       27  
Wyeth
     13,100       563  
 
                
 
             7,936  
 
                
Real Estate 0.1%
                
Apartment Investment & Management Co., Class A
     1,301       12  
AvalonBay Communities, Inc.
     600       31  
Boston Properties, Inc.
     800       35  
CB Richard Ellis Group, Inc., Class A *
     1,300       5  
Developers Diversified Realty Corp.
     1,200       6  
Equity Residential
     2,600       62  
General Growth Properties, Inc.
     2,400       2  
HCP, Inc.
     2,200       51  
Health Care REIT, Inc.
     1,100       42  
Host Hotels & Resorts, Inc.
     5,000       27  
Kimco Realty Corp.
     431       6  
Plum Creek Timber Co., Inc.
     1,700       52  
ProLogis
     1,700       17  
Public Storage
     800       49  
Simon Property Group, Inc.
     2,200       94  
Vornado Realty Trust
     1,200       61  
 
                
 
             552  
 
                
Retailing 0.5%
                
Abercrombie & Fitch Co., Class A
     800       14  
Amazon.com, Inc. *
     3,000       176  
AutoNation, Inc. *
     2,190       20  
AutoZone, Inc. *
     800       106  
Bed Bath & Beyond, Inc. *
     2,800       65  
Best Buy Co., Inc.
     4,505       126  
Big Lots, Inc. *
     1,100       15  
Dillard’s, Inc., Class A
     500       2  
Expedia, Inc. *
     2,000       18  
Family Dollar Stores, Inc.
     1,700       47  
GameStop Corp., Class A *
     1,600       40  
Genuine Parts Co.
     1,800       58  
J.C. Penney Co., Inc.
     2,800       47  
Kohl’s Corp. *
     3,200       117  
Limited Brands, Inc.
     3,738       30  
Lowe’s Cos., Inc.
     15,200       278  
Macy’s, Inc.
     5,144       46  
Nordstrom, Inc.
     2,600       33  
Office Depot, Inc. *
     3,300       7  
RadioShack Corp.
     1,900       22  
Sears Holdings Corp. *
     1,000       41  
Staples, Inc.
     7,125       114  
Target Corp.
     8,800       274  
The Gap, Inc.
     5,300       60  
The Home Depot, Inc.
     18,936       408  
The Sherwin-Williams Co.
     1,200       57  

4

 

Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The TJX Cos., Inc.
     5,200       101  
Tiffany & Co.
     1,400       29  
 
                
 
             2,351  
 
                
Semiconductors & Semiconductor Equipment 0.4%
                
Advanced Micro Devices, Inc. *
     3,840       8  
Altera Corp.
     3,680       57  
Analog Devices, Inc.
     3,400       68  
Applied Materials, Inc.
     16,200       152  
Broadcom Corp., Class A *
     4,350       69  
Intel Corp.
     59,030       762  
KLA-Tencor Corp.
     1,800       36  
Linear Technology Corp.
     3,000       70  
LSI Corp. *
     3,000       10  
MEMC Electronic Materials, Inc. *
     2,000       27  
Microchip Technology, Inc.
     2,000       38  
Micron Technology, Inc. *
     5,400       20  
National Semiconductor Corp.
     3,400       35  
Novellus Systems, Inc. *
     1,325       18  
NVIDIA Corp. *
     4,200       33  
Teradyne, Inc. *
     1,700       8  
Texas Instruments, Inc.
     14,800       221  
Xilinx, Inc.
     3,200       54  
 
                
 
             1,686  
 
                
Software & Services 1.0%
                
Adobe Systems, Inc. *
     4,800       93  
Affiliated Computer Services, Inc., Class A *
     1,271       58  
Akamai Technologies, Inc. *
     1,600       22  
Autodesk, Inc. *
     2,400       40  
Automatic Data Processing, Inc.
     5,700       207  
BMC Software, Inc. *
     2,400       61  
CA, Inc.
     5,625       101  
Citrix Systems, Inc. *
     1,800       38  
Cognizant Technology Solutions Corp., Class A *
     2,800       52  
Computer Sciences Corp. *
     1,680       62  
Compuware Corp. *
     3,600       23  
Convergys Corp. *
     1,354       10  
eBay, Inc. *
     11,036       133  
Electronic Arts, Inc. *
     2,866       44  
Fidelity National Information Services, Inc.
     1,600       25  
Fiserv, Inc. *
     1,800       57  
Google, Inc., Class A *
     2,100       711  
Intuit, Inc. *
     3,944       89  
MasterCard, Inc., Class A
     700       95  
McAfee, Inc. *
     1,600       49  
Microsoft Corp.
     86,420       1,478  
Novell, Inc. *
     3,200       12  
Oracle Corp. *
     38,295       645  
Paychex, Inc.
     3,600       87  
Salesforce.com, Inc. *
     828       22  
Symantec Corp. *
     9,321       143  
Total System Services, Inc.
     2,000       25  
VeriSign, Inc. *
     2,500       48  
Western Union Co.
     7,888       108  
Yahoo!, Inc. *
     12,600       148  
 
                
 
             4,686  
 
                
Technology Hardware & Equipment 1.2%
                
Agilent Technologies, Inc. *
     4,437       80  
Amphenol Corp., Class A
     1,800       47  
Apple, Inc. *
     8,000       721  
Ciena Corp. *
     457       3  
Cisco Systems, Inc. *
     61,500       921  
Corning, Inc.
     13,900       140  
Dell, Inc. *
     23,740       225  
EMC Corp. *
     23,186       256  
FLIR Systems, Inc. *
     1,400       35  
Harris Corp.
     1,400       61  
Hewlett-Packard Co.
     28,403       987  
International Business Machines Corp.
     15,620       1,432  
Jabil Circuit, Inc.
     1,998       12  
JDS Uniphase Corp. *
     1,573       6  
Juniper Networks, Inc. *
     4,200       59  
Lexmark International, Inc., Class A *
     1,300       31  
Molex, Inc.
     1,875       25  
Motorola, Inc.
     24,131       107  
NetApp, Inc. *
     3,400       50  
QLogic Corp. *
     1,738       20  
QUALCOMM, Inc.
     16,200       560  
SanDisk Corp. *
     1,800       21  
Sun Microsystems, Inc. *
     7,700       32  
Tellabs, Inc. *
     4,000       16  
Teradata Corp. *
     2,000       26  
Tyco Electronics Ltd.
     4,950       70  
Xerox Corp.
     9,400       62  
 
                
 
             6,005  
 
                
Telecommunication Services 0.6%
                
American Tower Corp., Class A *
     4,100       124  
AT&T, Inc.
     61,655       1,518  
CenturyTel, Inc.
     1,350       37  
Embarq Corp.
     1,428       51  
Frontier Communications Corp.
     2,576       21  
Qwest Communications International, Inc.
     15,773       51  
Sprint Nextel Corp. *
     28,569       69  
Verizon Communications, Inc.
     27,258       814  
Windstream Corp.
     3,856       34  
 
                
 
             2,719  
 
                
Transportation 0.3%
                
Burlington Northern Santa Fe Corp.
     3,800       252  
C.H. Robinson Worldwide, Inc.
     1,700       78  
CSX Corp.
     4,400       127  
Expeditors International of Washington, Inc.
     2,000       56  
FedEx Corp.
     2,920       149  
Norfolk Southern Corp.
     3,600       138  
Ryder System, Inc.
     400       13  
Southwest Airlines Co.
     7,480       53  

5

 

Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Union Pacific Corp.
     5,000       219  
United Parcel Service, Inc., Class B
     10,818       460  
 
                
 
             1,545  
 
                
Utilities 0.6%
                
Allegheny Energy, Inc.
     1,070       36  
Ameren Corp.
     1,800       60  
American Electric Power Co., Inc.
     3,860       121  
CenterPoint Energy, Inc.
     2,949       39  
CMS Energy Corp.
     1,000       12  
Consolidated Edison, Inc.
     2,100       86  
Constellation Energy Group, Inc.
     1,700       45  
Dominion Resources, Inc.
     5,756       202  
DTE Energy Co.
     1,700       59  
Duke Energy Corp.
     11,348       172  
Dynegy, Inc., Class A *
     3,100       6  
Edison International
     3,200       104  
Entergy Corp.
     2,100       160  
EQT Corp.
     1,300       44  
Exelon Corp.
     6,524       354  
FirstEnergy Corp.
     3,195       160  
FPL Group, Inc.
     3,800       196  
Integrys Energy Group, Inc.
     165       7  
Nicor, Inc.
     500       17  
NiSource, Inc.
     2,646       26  
Pepco Holdings, Inc.
     2,000       36  
PG&E Corp.
     4,000       155  
Pinnacle West Capital Corp.
     800       27  
PPL Corp.
     3,600       110  
Progress Energy, Inc.
     2,475       96  
Public Service Enterprise Group, Inc.
     4,600       145  
Questar Corp.
     1,200       41  
SCANA Corp.
     1,200       41  
Sempra Energy
     2,103       92  
Southern Co.
     7,200       241  
TECO Energy, Inc.
     1,300       16  
The AES Corp. *
     6,000       47  
Wisconsin Energy Corp.
     1,200       53  
Xcel Energy, Inc.
     3,850       71  
 
                
 
             3,077  
 
                
Total Common Stock
(Cost $69,004)
             74,422  
 
                
 
                
Foreign Common Stock 0.0% of net assets
                
 
                
Bermuda 0.0%
                
Invesco Ltd.
     2,983       35  
 
                
Total Foreign Common Stock
(Cost $75)
             35  
 
                
 
                
Other Investment Companies 84.5% of net assets
                
 
                
Schwab Institutional Select S&P 500 Fund (a)
     18,119,225       117,956  
Schwab International Index Fund, Select Shares (a)
     8,098,683       94,026  
Schwab Small-Cap Index Fund, Select Shares (a)
     8,699,038       96,559  
Schwab Total Bond Market Fund (a)
     8,465,308       74,072  
Schwab Value Advantage Money Fund, Institutional Shares (a)
     23,737,190       23,737  
 
                
Total Other Investment Companies
(Cost $519,602)
             406,350  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $597,607 and the unrealized appreciation and depreciation were $17,262 and ($134,062), respectively, with a net unrealized depreciation of ($116,800).
 
*   Non-income producing security.
 
(a)   Issuer is affiliated with the fund’s adviser.

6

 

Schwab MarketTrack Growth Portfolio
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - - quoted prices in active markets for identical securities
Level 2 - - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 480,807  
Level 2 - Other Significant Observable Inputs
     —  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 480,807  
 
      
 
*   The fund had no other financial instruments.
REG46835JAN09

7

 

Schwab Capital Trust
Laudus U.S. MarketMasters FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  88.5 %  
Common Stock
     79,155       55,794  
  3.6 %  
Foreign Common Stock
     3,181       2,243  
  6.9 %  
Other Investment Company
     4,376       4,377  
  0.6 %  
Short-Term Investment
     386       386  
  99.6 %  
Total Investments
     87,098       62,800  
  0.4 %  
Other Assets and Liabilities Net
             222  
  100.0 %  
Net Assets
             63,022  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 88.5% of net assets
                
 
                
Automobiles & Components 0.4%
                
WABCO Holdings, Inc.
     17,000       254  
 
                
Banks 2.6%
                
Fifth Third Bancorp
     119,167       285  
First Horizon National Corp.
     26,423       251  
Hudson City Bancorp, Inc.
     19,305       224  
New York Community Bancorp, Inc.
     30,920       410  
People’s United Financial, Inc.
     18,582       304  
Synovus Financial Corp.
     39,165       155  
 
                
 
             1,629  
 
                
Capital Goods 4.7%
                
Alliant Techsystems, Inc. *
     4,900       396  
Dover Corp.
     10,850       307  
Fluor Corp.
     6,100       237  
Hexcel Corp. *
     40,950       339  
Jacobs Engineering Group, Inc. *
     5,455       211  
Joy Global, Inc.
     10,450       218  
McDermott International, Inc. *
     13,180       137  
Precision Castparts Corp.
     3,405       221  
Rockwell Collins, Inc.
     10,500       396  
SPX Corp.
     7,090       298  
The Boeing Co.
     2,300       97  
URS Corp. *
     3,050       104  
 
                
 
             2,961  
 
                
Commercial & Professional Supplies 0.9%
                
Robert Half International, Inc.
     35,000       593  
 
                
Consumer Durables & Apparel 0.8%
                
Lennar Corp., Class A
     16,400       126  
Snap-on, Inc.
     7,435       225  
Toll Brothers, Inc. *
     9,650       164  
 
                
 
             515  
 
                
Consumer Services 4.6%
                
Burger King Holdings, Inc.
     15,000       334  
Carnival Corp.
     34,600       629  
Life Time Fitness, Inc. *
     10,000       148  
McDonald’s Corp.
     7,000       406  
Starwood Hotels & Resorts Worldwide, Inc.
     33,000       499  
Wynn Resorts Ltd. *
     6,185       186  
Yum! Brands, Inc.
     25,500       730  
 
                
 
             2,932  
 
                
Diversified Financials 10.6%
                
Bank of America Corp.
     78,921       519  
Bank of New York Mellon Corp.
     32,000       824  
CIT Group, Inc.
     24,500       68  
CME Group, Inc.
     1,193       208  
Discover Financial Services
     72,050       515  
Federated Investors, Inc., Class B
     14,245       278  
JPMorgan Chase & Co.
     58,340       1,488  
Knight Capital Group, Inc., Class A *
     26,775       483  
Legg Mason, Inc.
     39,100       628  
Moody’s Corp.
     10,100       216  
Morgan Stanley
     35,000       708  
The Goldman Sachs Group, Inc.
     9,463       764  
 
                
 
             6,699  
 
                
Energy 6.9%
                
Anadarko Petroleum Corp.
     6,100       224  
Apache Corp.
     5,300       397  
Cameron International Corp. *
     10,500       243  
Chevron Corp.
     3,030       214  
ConocoPhillips
     15,960       758  
CONSOL Energy, Inc.
     5,650       154  
Gazprom - Reg’d ADR
     6,300       82  
Helmerich & Payne, Inc.
     7,162       161  
Marathon Oil Corp.
     26,110       711  
Murphy Oil Corp.
     6,965       308  
National-Oilwell Varco, Inc. *
     11,900       315  
Transocean Ltd. *
     10,157       555  
Weatherford International Ltd. *
     21,950       242  
 
                
 
             4,364  
 
                
Food & Staples Retailing 0.7%
                
CVS Caremark Corp.
     14,075       379  
Rite Aid Corp. *
     176,200       49  
 
                
 
             428  
 
                
Food, Beverage & Tobacco 2.5%
                
Dean Foods Co. *
     6,460       125  
Dr. Pepper Snapple Group, Inc. *
     65,311       1,074  
General Mills, Inc.
     4,000       237  

1

 

Laudus U.S. MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
H.J. Heinz Co.
     3,500       128  
 
                
 
             1,564  
 
                
Health Care Equipment & Services 6.6%
                
Baxter International, Inc.
     5,095       299  
Beckman Coulter, Inc.
     5,350       266  
Boston Scientific Corp. *
     29,633       263  
Cerner Corp. *
     11,100       374  
Community Health Systems, Inc. *
     6,080       113  
Eclipsys Corp. *
     23,870       209  
Edwards Lifesciences Corp. *
     4,250       244  
Express Scripts, Inc. *
     4,839       260  
Humana, Inc. *
     16,355       621  
McKesson Corp.
     7,150       316  
Medtronic, Inc.
     15,700       526  
Teleflex, Inc.
     8,465       450  
Varian Medical Systems, Inc. *
     6,240       232  
 
                
 
             4,173  
 
                
Insurance 3.9%
                
ACE Ltd.
     10,518       459  
Aon Corp.
     5,290       196  
Arch Capital Group Ltd. *
     8,185       492  
Assurant, Inc.
     10,160       268  
Cincinnati Financial Corp.
     4,083       90  
MetLife, Inc.
     7,500       216  
PartnerRe Ltd.
     4,000       262  
The Allstate Corp.
     8,900       193  
The Hartford Financial Services Group, Inc.
     22,294       293  
 
                
 
             2,469  
 
                
Materials 3.0%
                
Commercial Metals Co.
     33,000       379  
Cytec Industries, Inc.
     12,125       248  
International Flavors & Fragrances, Inc.
     11,750       336  
Monsanto Co.
     6,916       526  
Pactiv Corp. *
     18,250       395  
 
                
 
             1,884  
 
                
Media 3.5%
                
Comcast Corp., Special Class A
     61,500       854  
DISH Network Corp., Class A *
     34,890       448  
Liberty Media Corp - Entertainment, Series A *
     11,070       203  
The DIRECTV Group, Inc. *
     32,270       707  
 
                
 
             2,212  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 9.2%
                
Abbott Laboratories
     5,095       282  
Eli Lilly & Co.
     22,105       814  
Genentech, Inc. *
     11,850       963  
Gilead Sciences, Inc. *
     25,420       1,290  
Schering-Plough Corp.
     64,000       1,124  
Teva Pharmaceutical Industries Ltd. ADR
     17,005       705  
Thermo Fisher Scientific, Inc. *
     9,650       347  
Varian, Inc. *
     9,635       268  
 
                
 
             5,793  
 
                
Retailing 4.9%
                
American Eagle Outfitters, Inc.
     27,150       245  
Bed Bath & Beyond, Inc. *
     8,200       190  
Best Buy Co., Inc.
     33,415       936  
Macy’s, Inc.
     27,001       242  
Priceline.com, Inc. *
     4,746       318  
The TJX Cos., Inc.
     20,985       408  
Tiffany & Co.
     27,700       575  
Urban Outfitters, Inc. *
     9,685       151  
 
                
 
             3,065  
 
                
Semiconductors & Semiconductor Equipment 5.7%
                
Analog Devices, Inc.
     15,100       302  
Broadcom Corp., Class A *
     21,300       338  
Intel Corp.
     113,245       1,461  
Maxim Integrated Products, Inc.
     29,190       386  
MEMC Electronic Materials, Inc. *
     14,375       195  
National Semiconductor Corp.
     70,000       710  
ON Semiconductor Corp. *
     41,011       171  
 
                
 
             3,563  
 
                
Software & Services 4.9%
                
Accenture Ltd., Class A
     9,216       291  
Activision Blizzard, Inc. *
     30,270       265  
Amdocs Ltd. *
     18,860       319  
Google, Inc., Class A *
     978       331  
MasterCard, Inc., Class A
     2,874       390  
Microsoft Corp.
     35,950       615  
Oracle Corp. *
     20,300       342  
Paychex, Inc.
     8,920       217  
Salesforce.com, Inc. *
     5,460       145  
Visa, Inc., Class A
     3,900       192  
 
                
 
             3,107  
 
                
Technology Hardware & Equipment 6.3%
                
Agilent Technologies, Inc. *
     9,400       170  
Apple, Inc. *
     7,870       709  
Avnet, Inc. *
     11,850       235  
Corning, Inc.
     52,085       527  
Dell, Inc. *
     58,260       554  
Hewlett-Packard Co.
     42,935       1,492  
Nortel Networks Corp. *
     2,696       —  
QUALCOMM, Inc.
     8,455       292  
 
                
 
             3,979  
 
                
Telecommunication Services 2.4%
                
AT&T, Inc.
     15,820       390  
Crown Castle International Corp. *
     27,260       532  
France Telecom S.A.
     17,200       386  
Level 3 Communications, Inc. *
     183,160       183  
 
                
 
             1,491  
 
                
Transportation 0.7%
                
Union Pacific Corp.
     9,800       429  
 
                
Utilities 2.7%
                
Consolidated Edison, Inc.
     7,895       322  

2

 

Laudus U.S. MarketMasters Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Entergy Corp.
     9,520       727  
Hawaiian Electric Industries, Inc.
     12,340       267  
Wisconsin Energy Corp.
     8,395       374  
 
                
 
             1,690  
 
                
Total Common Stock
(Cost $79,155)
             55,794  
 
                
 
                
Foreign Common Stock 3.6% of net assets
                
 
                
Bermuda 0.5%
                
Diversified Financials 0.5%
                
Invesco Ltd.
     24,804       292  
 
                
Canada 0.8%
                
Technology Hardware & Equipment 0.8%
                
Research In Motion Ltd. *
     9,507       527  
 
                
Hong Kong 0.8%
                
Diversified Financials 0.3%
                
Hong Kong Exchanges & Clearing Ltd.
     22,100       194  
Telecommunication Services 0.5%
                
China Mobile Ltd.
     31,900       290  
 
                
 
             484  
 
                
Singapore 0.3%
                
Semiconductors & Semiconductor Equipment 0.3%
                
Verigy Ltd. *
     26,782       223  
 
                
Switzerland 0.4%
                
Insurance 0.4%
                
Swiss Re - - Reg’d
     8,990       240  
 
                
United Kingdom 0.8%
                
Insurance 0.8%
                
Willis Group Holdings Ltd.
     19,280       477  
 
                
Total Foreign Common Stock
(Cost $3,181)
             2,243  
 
                
                 
    Maturity Amount   Value
Security   ($ x 1,000)   ($ x 1,000)
Other Investment Company 6.9% of net assets
                
 
                
State Street Institutional Liquid Reserves Fund - Institutional Class
     4,376,607       4,377  
 
                
Total Other Investment Company
(Cost $4,376)
             4,377  
 
                
                 
    Face/Maturity    
Issuer   Amount   Value
Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investment 0.6% of net assets
                
 
                
U.S. Treasury Bill 0.6%
                
U.S. Treasury Bill (0.02)%, 03/26/09 (a)
     386     386  
 
                
Total Short-Term Investment
(Cost $386)
             386  
 
                
End of Investments.
(All dollar amounts are x1,000)
At 01/31/2009, the tax basis cost of the fund’s investments was $88,744 and the unrealized appreciation and depreciation were $1,141 and ($27,085), respectively, with a net unrealized depreciation of ($25,944).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
ADR - American Depositary Receipt
Reg’d - Registered
In addition to the above, the fund held the following at 01/31/09. All numbers are x1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
                        
S & P 500 Index, Long, expires 03/19/09
     14       2,879       (175 )

3

 

Laudus U.S. MarketMasters Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 62,414  
Level 2 - Other Significant Observable Inputs
     386  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 62,800  
 
      
 
*   Other financial instruments include future contracts of ($175).
REG46828JAN09

4

 

Schwab Capital Trust
Schwab Target 2035 FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
   
  94.4 %  
Other Investment Companies
     9,931       7,751  
  0.9 %  
Short-Term Investments
     73       73  
  95.3 %  
Total Investments
     10,004       7,824  
  4.7 %  
Other Assets and Liabilities, Net
             382  
  100.0 %  
Total Net Assets
             8,206  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 94.4% of net assets
                
 
                
Equity Funds 70.1%
                
Laudus International MarketMasters Fund, Select Shares (a)
     98,658       986  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     49,323       242  
Laudus Rosenberg International Discovery Fund, Select Shares (a)
     39,249       242  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     24,967       243  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     91,621       538  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     41,167       268  
Schwab Core Equity Fund (a)
     180,291       2,153  
Schwab Dividend Equity Fund, Select Shares (a)
     27,829       262  
Schwab Global Real Estate Fund, Select Shares (a)
     88,791       346  
Schwab Small-Cap Equity Fund, Select Shares (a)
     54,644       471  
 
                
 
             5,751  
 
                
Fixed-Income Funds 22.4%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     17,042       177  
Schwab Inflation Protected Fund, Select Shares (a)
     18,933       181  
Schwab Short Term Bond Market Fund (a)
     10,035       89  
Schwab Total Bond Market Fund (a)
     159,058       1,392  
 
                
 
             1,839  
 
                
Money Fund 1.9%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     161,311       161  
 
                
Total Other Investment Companies
(Cost $9,931)
             7,751  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 0.9% of net assets
                
 
                
Commercial Paper & Other Obligations 0.9%
                
Bank of America, Toronto Time Deposit 0.07%, 02/02/09
     10       10  
BB&T Bank, Grand Cayman Time Deposit 0.07%, 02/02/09
     10       10  
Brown Brothers Harriman & Co., Grand Cayman Time Deposit 0.07%, 02/02/09
     11       11  
Citibank, London Time Deposit 0.07%, 02/02/09
     10       10  
HSBC Bank USA, Grand Cayman Time Deposit 0.07%, 02/02/09
     10       10  
JP Morgan Chase, London Time Deposit 0.07%, 02/02/09
     11       11  
Wells Fargo, Grand Cayman Time Deposit 0.07%, 02/02/09
     11       11  
 
                
Total Short-Term Investments
(Cost $73)
             73  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $10,103 and the unrealized appreciation and depreciation were $0 and ($2,279), respectively, with a net unrealized depreciation of ($2,279).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2035 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 7,751  
Level 2 - Other Significant Observable Inputs
     73  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 7,824  
 
      
 
*   The fund had no other financial instruments.
REG46843JAN09

2

 

Schwab Capital Trust
Schwab Target 2025 FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  98.9 %  
Other Investment Companies
     11,881       9,303  
  1.1 %  
Short-Term Investments
     101       101  
  100.0 %  
Total Investments
     11,982       9,404  
  0.0 %  
Other Assets and Liabilities, Net
             3  
  100.0 %  
Total Net Assets
             9,407  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 98.9% of net assets
                
 
                
Equity Funds 66.5%
                
Laudus International MarketMasters Fund, Select Shares (a)
     105,494       1,054  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     53,991       265  
Laudus Rosenberg International Discovery Fund, Select Shares (a)
     41,622       257  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     25,403       248  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     101,280       594  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     45,757       297  
Schwab Core Equity Fund (a)
     201,340       2,404  
Schwab Dividend Equity Fund, Select Shares (a)
     31,126       293  
Schwab Global Real Estate Fund, Select Shares (a)
     92,238       360  
Schwab Small-Cap Equity Fund, Select Shares (a)
     55,747       481  
 
                
 
             6,253  
 
                
Fixed-Income Funds 30.4%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     27,074       281  
Schwab Inflation Protected Fund, Select Shares (a)
     29,775       285  
Schwab Short-Term Bond Market Fund (a)
     10,589       94  
Schwab Total Bond Market Fund (a)
     251,147       2,197  
 
                
 
             2,857  
 
                
Money Fund 2.0%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     192,962       193  
 
                
Total Other Investment Companies
(Cost $11,881)
             9,303  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 1.1% of net assets
                
 
                
Commercial Paper & Other Obligations 1.1%
                
Bank of America, Time Deposit 0.07%, 02/02/09
     21       21  
BB&T Bank, Grand Cayman Time Deposit 0.07%, 02/02/09
     21       21  
Brown Brothers Harriman & Co., Grand Cayman Time Deposit 0.07%, 02/02/09
     19       19  
Citibank, London Time Deposit 0.07%, 02/02/09
     20       20  
HSBC Bank USA, Grand Cayman Time Deposit 0.07%, 02/02/09
     20       20  
 
                
Total Short-Term Investments
(Cost $101)
             101  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 1/31/09 the tax basis cost of the fund’s investments was $12,005 and the unrealized appreciation and depreciation were $0 and ($2,601), respectively, with a net unrealized depreciation of ($2,601).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2025 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 9,303  
Level 2 - Other Significant Observable Inputs
     101  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 9,404  
 
      
 
*   The fund had no other financial instruments.
REG46841JAN09

2

 

Schwab Capital Trust
Schwab Target 2015 FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  98.5 %  
Other Investment Companies
     7,932       6,418  
  0.6 %  
Short-Term Investments
     38       38  
  99.1 %  
Total Investments
     7,970       6,456  
  0.9 %  
Other Assets and Liabilities, Net
             57  
  100.0 %  
Total Net Assets
             6,513  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 98.5% of net assets
                
 
                
Equity Funds 59.6%
                
Laudus International MarketMasters Fund, Select Shares (a)
     64,288       642  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     32,781       161  
Laudus Rosenberg International Discovery Fund, Select Shares (a)
     25,590       158  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     16,609       162  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     63,118       371  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     28,099       183  
Schwab Core Equity Fund (a)
     124,736       1,489  
Schwab Dividend Equity Fund, Select Shares (a)
     19,388       182  
Schwab Global Real Estate Fund, Select Shares (a)
     58,500       228  
Schwab Small-Cap Equity Fund, Select Shares (a)
     35,267       304  
 
                
 
             3,880  
 
                
Fixed-Income Funds 34.9%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     21,061       219  
Schwab Inflation Protected Fund, Select Shares (a)
     24,025       229  
Schwab Short-Term Bond Market Fund (a)
     7,078       63  
Schwab Total Bond Market Fund (a)
     201,692       1,765  
 
                
 
             2,276  
Money Fund 4.0%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     262,000       262  
 
                
Total Other Investment Companies
(Cost $7,932)
             6,418  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 0.6% of net assets
                
 
                
Commercial Paper & Other Obligations 0.6%
                
Bank of America, Time Deposit 0.07%, 02/02/09
     8       8  
Brown Brothers Harriman & Co., Grand Cayman Time Deposit 0.07%, 02/02/09
     14       14  
JP Morgan Chase, Time Deposit 0.07%, 02/02/09
     8       8  
Wells Fargo, Grand Cayman Time Deposit 0.07%, 02/02/09
     8       8  
 
                
Total Short-Term Investments
(Cost $38)
             38  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $8,097 and the unrealized appreciation and depreciation were $0 and ($1,641) respectively, with a net unrealized depreciation of ($1,641).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2015 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 6,418  
Level 2 - Other Significant Observable Inputs
     38  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 6,456  
 
      
 
*   The fund had no other financial instruments.
REG46839JAN09

2

 

Schwab Capital Trust
Schwab Retirement Income Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  99.2 %  
Other Investment Companies
     57,801       51,724  
  0.1 %  
Short-Term Investment
     71       71  
  99.3 %  
Total Investments
     57,872       51,795  
  0.7 %  
Other Assets and Liabilities, Net
             372  
  100.0 %  
Total Net Assets
             52,167  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 99.2% of net assets
                
 
                
Equity Funds 18.5%
                
Laudus International MarketMasters Fund, Select Shares (a)
     241,521       2,413  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     547,940       3,561  
Schwab Dividend Equity Fund, Select Shares (a)
     389,764       3,664  
 
                
 
             9,638  
 
                
Fixed-Income Funds 60.6%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     261,772       2,720  
Schwab Inflation Protected Fund, Select Shares (a)
     293,291       2,804  
Schwab Premier Income Fund, Institutional Shares (a)
     1,166,653       10,791  
Schwab Short Term Bond Market Fund (a)
     516,755       4,578  
Schwab Total Bond Market Fund (a)
     1,226,466       10,732  
 
                
 
             31,625  
 
                
Money Fund 20.1%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     10,461,000       10,461  
 
                
Total Other Investment Companies
(Cost $57,801)
             51,724  
 
                
                 
Security   Face Amount     Value  
Rate, Maturity Date
   ($ x 1,000)     ($ x 1,000)  
Short-Term Investment 0.1% of net assets
                
 
                
Commercial Paper & Other Obligations 0.1%
                
Citibank, London Time Deposit 0.07%, 02/02/09
     71       71  
 
              
Total Short-Term Investment
(Cost $71)
             71  
 
              
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $57,948, and the unrealized appreciation and depreciation were $26 and ($6,179), respectively, with a net unrealized depreciation of ($6,153).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Retirement Income Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 51,724  
Level 2 - Other Significant Observable Inputs
     71  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 51,795  
 
      
 
*   The fund had no other financial instruments.
REG46845JAN09

2

 

Schwab Capital Trust
Schwab Target 2040 Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  99.3 %  
Other Investment Companies
     132,096       91,105  
  0.6 %  
Short-Term Investment
     533       533  
  99.9 %  
Total Investments
     132,629       91,638  
  0.1 %  
Other Assets and Liabilities, Net
             76  
  100.0 %  
Total Net Assets
             91,714  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 99.3% of net assets
                
 
                
Equity Funds 77.3%
                
Laudus International MarketMasters Fund, Select Shares (a)
     1,228,301       12,271  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     571,086       2,798  
Laudus Rosenberg International Discovery Fund, Select Shares (a)
     157,549       974  
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a)
     229,358       1,933  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     304,439       2,968  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     1,110,880       6,521  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     460,099       2,991  
Schwab Core Equity Fund (a)
     2,235,528       26,692  
Schwab Dividend Equity Fund, Select Shares (a)
     372,321       3,500  
Schwab Global Real Estate Fund, Select Shares (a)
     1,137,513       4,436  
Schwab Small-Cap Equity Fund, Select Shares (a)
     675,145       5,827  
 
                
 
             70,911  
 
                
Fixed-Income Funds 19.9%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     181,482       1,886  
Schwab Inflation Protected Fund, Select Shares (a)
     196,672       1,880  
Schwab Short Term Bond Market Fund (a)
     109,173       967  
Schwab Total Bond Market Fund (a)
     1,551,085       13,572  
 
                
 
             18,305  
Money Fund 2.1%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     1,888,960       1,889  
 
                
Total Other Investment Companies
(Cost $132,096)
             91,105  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investment 0.6% of net assets
                
 
                
Commercial Paper & Other Obligations 0.6%
                
Citibank, London Time Deposit 0.07%, 02/02/09
     533       533  
 
                
Total Short-Term Investment
(Cost $533)
             533  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $134,327 and the unrealized appreciation and depreciation were $29 and ($42,718) respectively, with a net unrealized depreciation of ($42,689).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2040 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 91,105  
Level 2 - Other Significant Observable Inputs
     533  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 91,638  
 
      
 
*   The fund had no other financial instruments.
REG46844JAN09

2

 

Schwab Capital Trust
Schwab Target 2030 Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  99.7 %  
Other Investment Companies
     175,091       124,005  
  0.2 %  
Short-Term Investment
     329       329  
  99.9 %  
Total Investments
     175,420       124,334  
  0.1 %  
Other Assets and Liabilities, Net
             73  
  100.0 %  
Total Net Assets
             124,407  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 99.7% of net assets
                
 
                
Equity Funds 69.9%
                
Laudus International MarketMasters Fund, Select Shares (a)
     1,462,129       14,607  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     735,500       3,604  
Laudus Rosenberg International Discovery Fund, Select Shares (a)
     170,645       1,054  
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a)
     288,700       2,434  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     383,062       3,735  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     1,393,464       8,180  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     590,056       3,835  
Schwab Core Equity Fund (a)
     2,757,493       32,924  
Schwab Dividend Equity Fund, Select Shares (a)
     414,489       3,896  
Schwab Global Real Estate Fund, Select Shares (a)
     1,480,747       5,775  
Schwab Small-Cap Equity Fund, Select Shares (a)
     809,259       6,984  
 
                
 
             87,028  
 
                
Fixed-Income Funds 27.7%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     339,114       3,524  
Schwab Inflation Protected Fund, Select Shares (a)
     357,546       3,418  
Schwab Short-Term Bond Market Fund (a)
     132,772       1,176  
Schwab Total Bond Market Fund (a)
     3,005,921       26,302  
 
                
 
             34,420  
Money Fund 2.1%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     2,556,687       2,557  
 
                
Total Other Investment Companies
(Cost $175,091)
             124,005  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investment 0.2% of net assets
                
 
                
Commercial Paper & Other Obligations 0.2%
                
Citibank, London Time Deposit 0.07%, 02/02/09
     329       329  
 
                
Total Short-Term Investment
(Cost $329)
             329  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $177,623 and the unrealized appreciation and depreciation were $74 and ($53,363), respectively, with a net unrealized depreciation of ($53,289).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2030 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 124,005  
Level 2 - Other Significant Observable Inputs
     329  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 124,334  
 
      
 
*   The fund had no other financial instruments.
REG46842JAN09

2

 

Schwab Capital Trust
Schwab Target 2020 Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  100.0 %  
Other Investment Companies
     208,355       151,563  
  0.2 %  
Short-Term Investment
     302       302  
  100.2 %  
Total Investments
     208,657       151,865  
  (0.2) %  
Other Assets and Liabilities, Net
             (241 )
  100.0 %  
Total Net Assets
             151,624  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 100.0% of net assets
                
 
                
Equity Funds 63.4%
                
Laudus International MarketMasters Fund, Select Shares (a)
     1,587,876       15,863  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     759,968       3,724  
Laudus Rosenberg International Discovery Fund, Select Shares (a)
     140,139       866  
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a)
     325,539       2,744  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     340,075       3,316  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     1,599,138       9,387  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     658,071       4,277  
Schwab Core Equity Fund (a)
     3,227,029       38,531  
Schwab Dividend Equity Fund, Select Shares (a)
     510,025       4,794  
Schwab Global Real Estate Fund, Select Shares (a)
     1,504,994       5,870  
Schwab Small-Cap Equity Fund, Select Shares (a)
     778,438       6,718  
 
                
 
             96,090  
 
                
Fixed-Income Funds 34.6%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     514,714       5,348  
Schwab Inflation Protected Fund, Select Shares (a)
     584,706       5,590  
Schwab Short-Term Bond Market Fund (a)
     131,525       1,165  
Schwab Total Bond Market Fund (a)
     4,607,422       40,315  
 
                
 
             52,418  
 
                
Money Fund 2.0%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     3,055,261       3,055  
 
                
Total Other Investment Companies
(Cost $208,355)
             151,563  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investment 0.2% of net assets
                
 
                
Commercial Paper & Other Obligations 0.2%
                
Citibank, London Time Deposit 0.07%, 02/02/09
     302       302  
 
                
Total Short-Term Investment
(Cost $302)
             302  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $211,708 and the unrealized appreciation and depreciation were $124 and ($59,967), respectively, with a net unrealized depreciation of ($59,843).
 
(a)   Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2020 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 151,563  
Level 2 - Other Significant Observable Inputs
     302  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 151,865  
 
      
 
*   The fund had no other financial instruments.
REG46840JAN09

2

 

Schwab Capital Trust
Schwab Target 2010 Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  99.9 %  
Other Investment Companies
     93,079       71,694  
  0.2 %  
Short-Term Investment
     132       132  
  100.1 %  
Total Investments
     93,211       71,826  
  (0.1) %  
Other Assets and Liabilities, Net
             (66 )
  100.0 %  
Total Net Assets
             71,760  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 99.9% of net assets
                
 
                
Equity Funds 51.9%
                
Laudus International MarketMasters Fund, Select Shares (a)
     621,440       6,208  
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a)
     274,005       1,343  
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a)
     151,346       1,276  
Laudus Rosenberg U.S. Discovery Fund, Select Shares (a)
     144,974       1,413  
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares (a)
     643,932       3,780  
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares (a)
     271,378       1,764  
Schwab Core Equity Fund (a)
     1,246,674       14,885  
Schwab Dividend Equity Fund, Select Shares (a)
     209,985       1,974  
Schwab Global Real Estate Fund, Select Shares (a)
     487,518       1,901  
Schwab Small-Cap Equity Fund, Select Shares (a)
     309,958       2,675  
 
                
 
             37,219  
 
                
Fixed-Income Funds 41.1%
                
Laudus Mondrian International Fixed Income Fund, Institutional Shares (a)
     278,140       2,890  
Schwab Inflation Protected Fund, Select Shares (a)
     319,335       3,053  
Schwab Short Term Bond Market Fund (a)
     139,516       1,236  
Schwab Total Bond Market Fund (a)
     2,552,245       22,332  
 
                
 
             29,511  
 
                
Money Fund 6.9%
                
Schwab Value Advantage Money Fund, Institutional Shares (a)
     4,964,107       4,964  
 
                
Total Other Investment Companies (Cost $93,079)
             71,694  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investment 0.2% of net assets
                
 
                
Commercial Paper & Other Obligations 0.2%
                
Citibank, London Time Deposit 0.07%, 02/02/09
     132       132  
 
                
Total Short-Term Investment (Cost $132)
             132  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/2009 the tax basis cost of the fund’s investments was $94,401 and the unrealized appreciation and depreciation were $108 and ($22,683), respectively, with a net unrealized depreciation of ($22,575).
 
(a) Issuer is affiliated with the fund’s adviser.

1

 

Schwab Target 2010 Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 71,694  
Level 2 - Other Significant Observable Inputs
     132  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 71,826  
 
      
 
*   The fund had no other financial instruments.
REG46838JAN09

2

 

Schwab Capital Trust
Schwab International Core Equity Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  96.0 %  
Common Stock
     45,478       27,712  
  3.5 %  
Other Investment Companies
     1,027       1,013  
  99.5 %  
Total Investments
     46,505       28,725  
  0.5 %  
Other Assets and Liabilities Net
             147  
  100.0 %  
Net Assets
             28,872  
                 
    Number   Value
Security   of Shares   ($ x 1,000)
Common Stock 96.0% of net assets
                
 
                
Australia 5.1%
                
Energy 1.4%
                
Centennial Coal Co., Ltd.
     17,457       30  
Iluka Resources Ltd. *
     75,080       199  
Origin Energy Ltd.
     18,326       162  
 
                
 
             391  
Food & Staples Retailing 1.1%
                
Metcash Ltd.
     57,088       151  
Woolworths Ltd.
     10,345       180  
 
                
 
             331  
Materials 2.0%
                
Amcor Ltd.
     62,948       213  
BHP Billiton Ltd.
     10,478       194  
BlueScope Steel Ltd.
     60,855       134  
Boral Ltd.
     14,692       31  
 
                
 
             572  
Software & Services 0.1%
                
Computershare Ltd.
     7,937       36  
Utilities 0.5%
                
AGL Energy Ltd.
     16,978       156  
 
                
 
             1,486  
 
Austria 1.2%
                
Banks 0.5%
                
Erste Group Bank AG
     9,545       143  
Transportation 0.7%
                
Oesterreichische Post AG
     6,961       217  
 
                
 
             360  
 
Brazil 0.3%
                
 
                
Materials 0.3%
                
Companhia Siderurgica Nacional S.A.
     5,500       83  
 
Canada 0.2%
                
Capital Goods 0.2%
                
Bombardier, Inc., Class B
     17,900       55  
 
China 1.5%
                
Banks 1.3%
                
Bank of China Ltd., Class H
     282,000       74  
China Construction Bank Corp., Class H
     360,000       176  
Industrial & Commercial Bank of China Ltd., Class H
     291,000       123  
 
                
 
             373  
Real Estate 0.2%
                
Shui On Land Ltd.
     257,000       65  
 
                
 
             438  
 
Denmark 1.0%
                
Pharmaceuticals, Biotechnology & Life Sciences 1.0%
                
H. Lundbeck A/S
     1,441       30  
Novo Nordisk A/S, Class B
     4,788       255  
 
                
 
             285  
 
Finland 0.3%
                
 
                
Software & Services 0.3%
                
TietoEnator Oyj
     8,104       92  
 
France 8.9%
                
Automobiles & Components 0.4%
                
Renault S.A.
     6,424       124  
Capital Goods 1.6%
                
Alstom S.A.
     996       48  
Schneider Electric S.A.
     3,054       193  
Vallourec S.A.
     1,531       150  
Vinci S.A.
     2,109       72  
 
                
 
             463  
Insurance 1.3%
                
Axa
     14,151       223  
CNP Assurances
     2,198       146  
 
                
 
             369  
 
                
Media 1.5%
                
Publicis Groupe
     7,517       176  
Vivendi S.A.
     9,769       252  
 
                
 
             428  
Pharmaceuticals, Biotechnology & Life Sciences 1.9%
                
Sanofi-Aventis
     10,069       566  

1

 

Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Software & Services 0.6%
                
Cap Gemini S.A.
     5,137       176  
Telecommunication Services 1.6%
                
France Telecom S.A.
     20,191       452  
 
                
 
             2,578  
 
                
Germany 9.3%
                
Automobiles & Components 0.8%
                
Daimler AG - Reg’d
     7,839       220  
Banks 0.4%
                
Aareal Bank AG
     12,798       64  
Commerzbank AG
     13,437       61  
 
                
 
             125  
Capital Goods 1.5%
                
Bilfinger Berger AG
     866       36  
MAN AG
     6,298       274  
MTU Aero Engines Holding AG
     4,156       116  
 
                
 
             426  
Consumer Durables & Apparel 1.6%
                
Adidas AG
     9,559       331  
Puma AG Rudolf Dassler Sport
     819       147  
 
                
 
             478  
Insurance 0.9%
                
Muenchener Rueckversicherungs-Gesellschaft AG – Reg’d
     1,873       247  
Materials 0.4%
                
BASF SE
     4,228       123  
Pharmaceuticals, Biotechnology & Life Sciences 2.1%
                
Bayer AG
     7,028       373  
Merck KGaA
     2,719       230  
 
                
 
             603  
Retailing 0.8%
                
Fielmann AG
     3,626       231  
Transportation 0.1%
                
Deutsche Lufthansa AG — Reg’d
     2,358       29  
Utilities 0.7%
                
RWE AG
     2,758       214  
 
                
 
             2,696  
 
                
Greece 1.5%
                
Banks 1.2%
                
Alpha Bank A.E.
     21,928       183  
National Bank of Greece S.A.
     10,043       168  
 
                
 
             351  
Consumer Services 0.3%
                
OPAP S.A.
     2,340       68  
 
                
 
             419  
 
                
Hong Kong 4.9%
                
Capital Goods 1.0%
                
Hutchison Whampoa Ltd.
     58,000       295  
Energy 0.6%
                
CNOOC Ltd.
     204,000       176  
Real Estate 0.4%
                
Cheung Kong (Holdings) Ltd.
     12,000       111  
Telecommunication Services 0.1%
                
China Mobile Ltd.
     3,500       31  
Utilities 2.8%
                
CLP Holdings Ltd.
     58,000       393  
Hongkong Electric Holdings Ltd.
     68,000       398  
 
                
 
             791  
 
                
 
             1,404  
 
                
Italy 1.7%
                
Automobiles & Components 0.2%
                
Fiat S.p.A.
     13,005       63  
Capital Goods 0.3%
                
Prysmian S.p.A.
     5,766       73  
Diversified Financials 0.5%
                
IFIL Investments S.p.A.
     60,357       149  
Insurance 0.1%
                
Milano Assicurazioni S.p.A.
     10,311       28  
Media 0.4%
                
Seat Pagine Gialle S.p.A. *
     1,615,272       104  
Utilities 0.2%
                
Enel S.p.A.
     10,688       60  
 
                
 
             477  
 
Japan 24.4%
                
Automobiles & Components 1.2%
                
Nhk Spring Co., Ltd.
     41,000       148  
The Yokohama Rubber Co., Ltd.
     26,000       91  
Toyota Motor Corp.
     3,200       103  
 
                
 
             342  
Banks 2.8%
                
Hokuhoku Financial Group, Inc.
     58,000       115  
Kiyo Holdings, Inc.
     163,000       222  
The Daishi Bank Ltd.
     15,000       64  
The San-in Godo Bank Ltd.
     29,000       222  
The Sumitomo Trust & Banking Co., Ltd.
     40,000       196  
 
                
 
             819  
Capital Goods 2.9%
                
Asahi Glass Co., Ltd.
     31,000       162  
Itochu Corp.
     37,000       180  
Marubeni Corp.
     24,000       85  
Mitsubishi Corp.
     10,400       137  
Mitsui & Co., Ltd.
     18,000       188  

2

 

Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Sumitomo Corp.
     4,700       43  
The Furukawa Electric Co., Ltd.
     11,000       38  
 
                
 
             833  
Commercial & Professional Supplies 0.8%
                
Toppan Forms Co., Ltd.
     19,900       218  
Consumer Durables & Apparel 0.1%
                
Sanyo Electric Co., Ltd. *
     22,000       34  
Consumer Services 0.6%
                
Oriental Land Co., Ltd.
     2,300       175  
Diversified Financials 0.8%
                
Acom Co., Ltd.
     30       1  
Hitachi Capital Corp.
     12,400       151  
Takefuji Corp.
     12,520       88  
 
                
 
             240  
Food & Staples Retailing 0.5%
                
Lawson, Inc.
     3,100       153  
Food, Beverage & Tobacco 4.3%
                
Asahi Breweries Ltd.
     22,300       344  
Nippon Meat Packers, Inc.
     12,000       151  
Nisshin Seifun Group, Inc.
     31,500       342  
Sapporo Holdings Ltd.
     16,000       74  
Toyo Suisan Kaisha Ltd.
     12,000       317  
 
                
 
             1,228  
Household & Personal Products 0.4%
                
Shiseido Co., Ltd.
     7,000       118  
Insurance 0.9%
                
Tokio Marine Holdings, Inc.
     9,900       262  
Materials 1.1%
                
Nippon Steel Corp.
     86,000       253  
Ube Industries Ltd.
     35,000       75  
 
                
 
             328  
Media 0.1%
                
Toei Co., Ltd.
     9,000       39  
Real Estate 2.2%
                
Daito Trust Construction Co., Ltd.
     3,500       151  
Leopalace21 Corp.
     17,000       143  
Nomura Real Estate Holdings, Inc.
     18,800       333  
 
                
 
             627  
Semiconductors & Semiconductor Equipment 0.4%
                
Mimasu Semiconductor Industry Co., Ltd.
     10,300       107  
Software & Services 0.4%
                
Hitachi Software Engineering Co., Ltd.
     8,000       113  
Technology Hardware & Equipment 1.8%
                
Canon, Inc.
     13,000       355  
Mitsumi Electric Co., Ltd.
     2,500       32  
Seiko Epson Corp.
     10,500       133  
 
                
 
             520  
Telecommunication Services 0.7%
                
NTT DoCoMo, Inc.
     118       206  
Transportation 1.3%
                
Mitsui O.S.K. Lines Ltd.
     31,000       177  
Nippon Yusen Kabushiki Kaisha
     40,000       187  
 
                
 
             364  
Utilities 1.1%
                
Electric Power Development Co., Ltd.
     8,000       309  
 
                
 
             7,035  
 
                
Malaysia 0.2%
                
Banks 0.2%
                
Public Bank Berhad
     25,600       62  
 
Mexico 0.2%
                
Materials 0.2%
                
Grupo Mexico S.A.B. de C.V., Series B
     103,008       57  
 
Netherlands 1.9%
                
Diversified Financials 0.7%
                
ING Groep N.V. CVA
     25,583       211  
Food & Staples Retailing 0.2%
                
Koninklijke Ahold N.V.
     4,277       51  
Food, Beverage & Tobacco 0.5%
                
Unilever N.V.
     6,217       137  
Technology Hardware & Equipment 0.5%
                
Gemalto N.V. *
     5,918       145  
 
                
 
             544  
 
                
Portugal 0.4%
                
Telecommunication Services 0.4%
                
Portugal Telecom SGPS S.A. - Reg’d
     14,194       115  
 
Republic of Korea 1.0%
                
Consumer Services 0.2%
                
Kangwon Land, Inc. *
     7,290       67  
Food, Beverage & Tobacco 0.2%
                
KT&G Corp. *
     885       53  
Materials 0.6%
                
Hanwha Corp. *
     4,460       92  
LG Chem Ltd.
     1,370       78  
 
                
 
             170  
 
                
 
             290  

3

 

Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Singapore 0.2%
                
Transportation 0.2%
                
Singapore Airlines Ltd.
     7,000       51  
 
Spain 3.9%
                
Banks 1.6%
                
Banco Bilbao Vizcaya Argentaria S.A.
     3,124       29  
Banco Santander S.A.
     53,055       429  
 
                
 
             458  
Diversified Financials 0.3%
                
Corporacion Financiera Alba S.A.
     2,221       78  
Telecommunication Services 2.0%
                
Telefonica S.A.
     33,083       587  
 
                
 
             1,123  
 
                
Sweden 1.9%
                
Banks 0.9%
                
Nordea Bank AB
     48,684       257  
Capital Goods 1.0%
                
Alfa Laval AB
     13,300       93  
Scania AB, B Shares
     24,901       200  
 
                
 
             293  
 
                
 
             550  
 
                
Switzerland 5.6%
                
Food, Beverage & Tobacco 1.4%
                
Nestle S.A. - Reg’d
     11,407       394  
Health Care Equipment & Services 1.3%
                
Synthes, Inc.
     3,070       370  
Insurance 0.3%
                
Baloise Holding AG, Class R
     858       53  
Zurich Financial Services AG - Reg’d
     222       40  
 
                
 
             93  
Pharmaceuticals, Biotechnology & Life Sciences 2.6%
                
Novartis AG - Reg’d
     13,744       565  
Roche Holding AG
     1,375       193  
 
                
 
             758  
 
                
 
             1,615  
 
                
United Kingdom 20.4%
                
Banks 0.7%
                
HSBC Holdings plc
     9,463       73  
Lloyds TSB Group plc
     90,385       118  
 
                
 
             191  
Capital Goods 0.9%
                
BAE Systems plc
     42,910       249  
Commercial & Professional Supplies 0.2%
                
Regus plc
     104,380       72  
Diversified Financials 1.4%
                
Provident Financial plc
     18,024       202  
Tullett Prebon plc
     98,129       216  
 
                
 
             418  
Energy 6.6%
                
AMEC plc
     21,328       173  
BG Group plc
     23,237       319  
BP plc
     81,679       579  
Petrofac Ltd.
     39,917       240  
Royal Dutch Shell plc, Class B
     24,476       581  
 
                
 
             1,892  
Food, Beverage & Tobacco 2.2%
                
British American Tobacco plc
     13,856       380  
Cadbury plc
     32,498       261  
 
                
 
             641  
Household & Personal Products 0.4%
                
Reckitt Benckiser Group plc
     2,760       106  
Materials 2.5%
                
Anglo American plc
     10,189       183  
Antofagasta plc
     18,024       108  
BHP Billiton plc
     3,972       67  
Croda International plc
     31,479       227  
Rexam plc
     33,114       149  
 
                
 
             734  
Pharmaceuticals, Biotechnology & Life Sciences 3.2%
                
AstraZeneca PLC
     10,833       417  
GlaxoSmithKline plc
     28,636       505  
 
                
 
             922  
Retailing 0.8%
                
HMV Group plc
     77,366       154  
WH Smith plc
     17,849       87  
 
                
 
             241  
Software & Services 0.3%
                
Logica plc
     101,448       96  
Transportation 0.6%
                
Stagecoach Group plc
     95,011       166  
Utilities 0.6%
                
Drax Group plc
     21,058       169  
 
                
 
             5,897  
 
                
 
                
Total Common Stock (Cost $45,478)
             27,712  
 
                
 
                
Other Investment Companies 3.5% of net assets
                
 
                
United States 3.5%
                
iShares MSCI EAFE Index Fund
     8,000       310  
State Street Institutional Liquid Reserves Fund-Institutional Class
     703,042       703  
 
                
Total Other Investment Companies (Cost $1,027)
             1,013  
 
                

4

 

Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $46,676 and the unrealized appreciation and depreciation were $145 and ($18,096), respectively, with a net unrealized depreciation of ($17,951).
At 01/31/09, the prices of certain foreign securities held by the fund aggregating $27,015, were adjusted from their closing market prices following the guidelines by the fund’s Board of Trustees.
 
*   Non-income producing security.
CVA — Dutch Certificate
Reg’d — Registered

5

 

Schwab International Core Equity Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 1,710  
Level 2 - Other Significant Observable Inputs
     27,015  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 28,725  
 
      
 
*   The fund had no other financial instruments.
REG46827JAN09

6

 

Schwab Capital Trust
Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category     ($ x 1,000)   ($ x 1,000)
 
  98.1 %  
Common Stock
     20,844       13,423  
  0.4 %  
Other Investment Companies
     70       54  
  0.2 %  
Preferred Stock
     62       28  
  — %  
Rights
     —       —  
  — %  
Warrants
     —       —  
  0.8 %  
Short-Term Investment
     111       111  
  99.5 %  
Total Investments
     21,087       13,616  
  0.5 %  
Other Assets and Liabilities, Net
             75  
  100.0 %  
Net Assets
             13,691  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 98.1% of net assets
                
 
Australia 4.4%
                
Banks 0.2%
                
Bank of Queensland Ltd.
     1,353       6  
Bendigo & Adelaide Bank Ltd.
     2,688       17  
 
                
 
             23  
Capital Goods 0.3%
                
Alesco Corp., Ltd.
     2,865       4  
Crane Group Ltd.
     1,398       7  
CSR Ltd.
     9,397       8  
GWA International Ltd.
     5,517       8  
Hills Industries Ltd.
     2,691       4  
United Group Ltd.
     1,542       8  
 
                
 
             39  
Commercial & Professional Supplies 0.2%
                
Corporate Express Australia Ltd.
     2,163       5  
Downer EDI Ltd.
     4,269       9  
Spotless Group Ltd.
     5,506       9  
Transfield Services Ltd.
     5,474       7  
Transpacific Industries Group Ltd.
     2,659       4  
 
                
 
             34  
Consumer Durables & Apparel 0.1%
                
Billabong International Ltd.
     1,440       7  
Consumer Services 0.1%
                
A.B.C. Learning Centres Ltd. (a)(b)
     9,091       2  
Aristocrat Leisure Ltd.
     1,928       5  
Flight Centre Ltd.
     1,090       4  
 
                
 
             11  
Diversified Financials 0.3%
                
Allco Finance Group Ltd. * (a)(b)
     23,422       1  
ASX Ltd.
     1,258       21  
Babcock & Brown Ltd. (a)(b)
     15,142       2  
Challenger Financial Services Group Ltd.
     10,739       8  
City Pacific Ltd.
     3,406       —  
Perpetual Ltd.
     566       11  
 
                
 
             43  
Energy 0.3%
                
Centennial Coal Co., Ltd.
     3,575       6  
Oil Search Ltd.
     7,287       20  
Paladin Energy Ltd. *
     3,819       7  
WorleyParsons Ltd.
     636       6  
 
                
 
             39  
Food & Staples Retailing 0.2%
                
ABB Grain Ltd.
     2,138       9  
AWB Ltd.
     17,966       25  
 
                
 
             34  
Food, Beverage & Tobacco 0.2%
                
Futuris Corp., Ltd.
     12,090       4  
Goodman Fielder Ltd.
     22,796       22  
 
                
 
             26  
Health Care Equipment & Services 0.6%
                
Ansell Ltd.
     1,198       8  
Australian Pharmaceutical Industries Ltd.
     11,557       4  
Cochlear Ltd.
     267       10  
Healthscope Ltd.
     2,639       7  
Primary Health Care Ltd.
     1,583       5  
Ramsay Health Care Ltd.
     1,186       7  
Sigma Pharmaceuticals Ltd.
     19,268       15  
Sonic Healthcare Ltd.
     3,482       30  
 
                
 
             86  
Materials 0.8%
                
Adelaide Brighton Ltd.
     4,351       5  
Great Southern Ltd.
     20,941       2  
Gunns Ltd.
     8,061       5  
Iluka Resources Ltd. *
     10,225       27  
Incitec Pivot Ltd.
     11,729       19  
Minara Resources Ltd.
     21,773       5  
Newcrest Mining Ltd.
     517       10  
OneSteel Ltd.
     6,375       9  
OZ Minerals Ltd. (a)(b)
     8,519       3  
Sims Group Ltd.
     2,244       24  
 
                
 
             109  
Media 0.2%
                
APN News & Media Ltd.
     2,862       4  
Austereo Group Ltd.
     6,477       5  
Macquarie Communications Infrastructure Group
     8,818       5  

1

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Macquarie Media Group Ltd.
     6,437       3  
Seven Network Ltd.
     1,385       5  
Ten Network Holdings Ltd.
     6,101       4  
West Australian Newspapers Holdings Ltd.
     1,488       4  
 
                
 
             30  
Real Estate 0.4%
                
Abacus Property Group
     20,833       3  
Australand Property Group
     35,490       6  
Bunnings Warehouse Property Trust
     4,012       4  
Centro Properties Group *
     42,428       2  
Commonwealth Property Office Fund
     35,481       19  
FKP Property Group
     7,517       2  
ING Industrial Fund
     16,228       2  
ING Office Fund
     38,199       12  
Macquarie CountryWide Trust
     28,257       4  
Macquarie DDR Trust
     50,434       2  
Valad Property Group
     87,726       2  
 
                
 
             58  
Retailing 0.1%
                
David Jones Ltd.
     5,465       8  
Harvey Norman Holdings Ltd.
     5,669       7  
Pacific Brands Ltd.
     21,639       6  
 
                
 
             21  
Software & Services 0.1%
                
Computershare Ltd.
     2,920       13  
Utilities 0.3%
                
APA Group
     8,425       16  
Babcock & Brown Infrastructure Group
     64,991       3  
Babcock & Brown Wind Partners
     6,839       4  
Envestra Ltd.
     29,428       6  
SP Ausnet
     11,314       7  
 
                
 
             36  
 
                
 
             609  
Austria 0.5%
                
Automobiles & Components 0.0%
                
Semperit AG Holding
     186       4  
Capital Goods 0.1%
                
A-TEC Industries AG *
     208       2  
Andritz AG
     315       9  
Palfinger AG
     266       3  
Zumtobel AG
     114       1  
 
                
 
             15  
Food, Beverage & Tobacco 0.0%
                
Agrana Beteiligungs AG
     97       5  
 
                
Materials 0.1%
                
Lenzing AG
     10       2  
Mayr-Melnhof Karton AG
     113       8  
RHI AG *
     272       4  
 
                
 
             14  
Real Estate 0.1%
                
Atrium European Real Estate Ltd. *
     2,841       8  
CA Immobilien Anlagen AG *
     1,005       5  
 
                
 
             13  
Transportation 0.2%
                
Austrian Airlines AG *
     1,978       10  
Flughafen Wien AG
     103       4  
Oesterreichische Post AG
     315       10  
 
                
 
             24  
 
                
 
             75  
 
                
Belgium 1.1%
                
Capital Goods 0.1%
                
Bekaert N.V.
     267       15  
Compagnie d’Enterprises CFE
     120       4  
 
                
 
             19  
Diversified Financials 0.2%
                
Ackermans & van Haaren N.V.
     182       8  
Brederode S.A.
     349       6  
Compagnie du Bois Sauvage
     18       3  
GIMV N.V.
     119       5  
RHJ International *
     1,681       8  
 
                
 
             30  
Energy 0.1%
                
Euronav S.A.
     321       5  
Exmar N.V.
     412       5  
 
                
 
             10  
Health Care Equipment & Services 0.1%
                
Omega Pharma S.A.
     237       7  
Materials 0.2%
                
Recticel S.A.
     1,016       5  
Tessenderlo Chemie N.V.
     564       17  
 
                
 
             22  
Real Estate 0.3%
                
Befimmo S.C.A.
     233       22  
Cofinimmo
     145       18  
 
                
 
             40  
Technology Hardware & Equipment 0.0%
                
Barco N.V.
     175       3  
Telecommunication Services 0.1%
                
Telenet Group Holding N.V. *
     1,062       17  
Transportation 0.0%
                
Compagnie Maritime Belge S.A.
     199       4  
 
                
 
             152  

2

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Bermuda 1.6%
                
Automobiles & Components 0.0%
                
Brilliance China Automotive Holdings Ltd. *
     40,000       2  
Capital Goods 0.1%
                
Chevalier International Holdings Ltd.
     3,000       2  
Johnson Electric Holdings Ltd.
     30,000       6  
NWS Holdings Ltd.
     5,000       6  
PYI Corp. *
     18,000       1  
 
                
 
             15  
Consumer Durables & Apparel 0.1%
                
Hutchison Harbour Ring Ltd.
     82,000       6  
IDT International Ltd. *
     184,000       4  
Texwinca Holdings Ltd.
     10,000       4  
 
                
 
             14  
Consumer Services 0.2%
                
Cafe De Coral Holdings Ltd.
     4,000       8  
Mandarin Oriental International Ltd.
     5,000       4  
Regal Hotels International Holdings Ltd.
     6,800       1  
Shangri-La Asia Ltd.
     7,000       8  
 
                
 
             21  
Diversified Financials 0.0%
                
Macquarie International Infrastructure Fund Ltd.
     21,000       4  
Energy 0.2%
                
BW GAS Ltd. *
     757       3  
CNPC Hong Kong Ltd.
     30,000       8  
Golar LNG Ltd.
     289       2  
Seadrill Ltd.
     862       7  
Sinopec Kantons Holdings Ltd.
     10,000       1  
 
                
 
             21  
Food, Beverage & Tobacco 0.2%
                
China Foods Ltd.
     20,000       7  
First Pacific Co., Ltd.
     22,000       8  
People’s Food Holdings Ltd.
     19,000       8  
 
                
 
             23  
Insurance 0.3%
                
Catlin Group Ltd.
     4,002       20  
Hiscox Ltd.
     4,963       23  
 
                
 
             43  
Materials 0.1%
                
Aquarius Platinum Ltd.
     1,876       4  
China Oriental Group Co., Ltd.
     12,000       2  
Nine Dragons Paper Holdings Ltd.
     16,000       5  
Sinofert Holdings Ltd.
     11,000       6  
 
                
 
             17  
Media 0.1%
                
SCMP Group Ltd. (b)
     20,000       7  
Real Estate 0.0%
                
K Wah International Holdings Ltd.
     5,000       1  
Pacific Century Premium Developments Ltd. *
     11,000       2  
Sinolink Worldwide Holdings Ltd.
     52,000       3  
 
                
 
             6  
Retailing 0.1%
                
Chow Sang Sang Holdings International Ltd.
     5,000       3  
Giordano International Ltd.
     34,000       8  
GOME Electrical Appliances Holdings Ltd. (a)(b)
     28,000       4  
 
                
 
             15  
 
                
Software & Services 0.0%
                
DMX Technologies Group Ltd. *
     45,000       3  
 
                
Technology Hardware & Equipment 0.1%
                
TPV Technology Ltd.
     53,000       12  
Transportation 0.1%
                
Pacific Basin Shipping Ltd.
     12,000       6  
Road King Infrastructure Ltd.
     4,000       1  
 
                
 
             7  
Utilities 0.0%
                
Enerchina Holdings Ltd. *
     465,000       6  
 
                
 
             216  
 
                
Canada 5.5%
                
Automobiles & Components 0.1%
                
Linamar Corp.
     1,394       5  
Martinrea International, Inc. *
     1,027       2  
 
                
 
             7  
Banks 0.1%
                
Laurentian Bank of Canada
     421       10  
Capital Goods 0.4%
                
CAE, Inc.
     1,349       8  
Russel Metals, Inc.
     1,067       16  
SNC-Lavalin Group, Inc.
     775       22  
Toromont Industries Ltd.
     457       8  
 
                
 
             54  
Commercial & Professional Supplies 0.1%
                
Transcontinental, Inc., Class A
     1,462       11  
Consumer Durables & Apparel 0.1%
                
Dorel Industries, Inc., Class B
     850       15  
Gildan Activewear, Inc. *
     396       4  
 
                
 
             19  
Diversified Financials 0.2%
                
AGF Management Ltd., Class B
     985       7  
Dundee Corp., Class A *
     972       4  
DundeeWealth, Inc.
     894       4  

3

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
TMX Group, Inc.
     491       13  
 
                
 
             28  
Energy 0.4%
                
Cameco Corp.
     906       15  
Compton Petroleum Corp. *
     1,203       1  
Ensign Energy Services, Inc.
     1,246       11  
Flint Energy Services Ltd. *
     837       3  
Highpine Oil & Gas Ltd. *
     938       3  
OPTI Canada, Inc. *
     2,187       3  
Paramount Resources Ltd., Class A *
     620       4  
Savanna Energy Services Corp.
     566       3  
ShawCor Ltd.
     451       5  
 
                
 
             48  
Food, Beverage & Tobacco 0.4%
                
Cott Corp. *
     7,229       5  
Maple Leaf Foods, Inc.
     3,034       27  
Saputo, Inc.
     790       13  
Viterra, Inc. *
     2,206       17  
 
                
 
             62  
Insurance 0.2%
                
Industrial Alliance Insurance & Financial Services, Inc.
     1,099       18  
Kingsway Financial Services, Inc.
     1,440       7  
 
                
 
             25  
Materials 1.4%
                
Agnico-Eagle Mines Ltd.
     293       16  
Agrium, Inc.
     605       20  
Canfor Corp. *
     3,472       21  
Cascades, Inc.
     2,287       6  
Catalyst Paper Corp. *
     11,233       3  
CCL Industries, Inc., Class B
     395       7  
Centerra Gold, Inc. *
     1,580       7  
First Quantum Minerals Ltd.
     402       7  
Harry Winston Diamond Corp.
     667       3  
HudBay Minerals, Inc. *
     2,314       9  
IAMGOLD Corp.
     2,056       14  
Inmet Mining Corp.
     364       6  
Kinross Gold Corp.
     1,219       22  
Lundin Mining Corp. *
     6,019       4  
Methanex Corp.
     1,266       10  
Sherritt International Corp.
     1,832       4  
Sino-Forest Corp. *
     761       6  
West Fraser Timber Co., Ltd.
     920       22  
Yamana Gold, Inc.
     787       6  
 
                
 
             193  
Media 0.1%
                
Astral Media, Inc.
     397       9  
Corus Entertainment, Inc., Class B
     304       3  
Torstar Corp., Class B
     1,355       9  
 
                
 
             21  
Pharmaceuticals, Biotechnology & Life Sciences 0.3%
                
Biovail Corp.
     2,785       31  
MDS, Inc. *
     1,545       12  
 
                
 
             43  
Real Estate 0.7%
                
Boardwalk Real Estate Investment Trust
     307       7  
Calloway Real Estate Investment Trust
     822       8  
Canadian Apartment Properties Real Estate Investment Trust
     818       9  
Canadian Real Estate Investment Trust
     657       11  
Chartwell Seniors Housing Real Estate Investment Trust
     1,178       5  
Cominar Real Estate Investment Trust
     409       5  
Dundee Real Estate Investment Trust
     360       4  
Extendicare Real Estate Investment Trust
     1,482       7  
First Capital Realty, Inc.
     456       6  
FirstService Corp. *
     481       5  
H&R Real Estate Investment Trust
     1,678       11  
InnVest Real Estate Investment Trust
     1,783       5  
Morguard Real Estate Investment Trust
     669       5  
Primaris Retail Real Estate Investment Trust
     653       5  
 
                
 
             93  
Retailing 0.3%
                
Reitmans (Canada) Ltd., Class A
     725       6  
RONA, Inc. *
     2,744       27  
The Forzani Group Ltd., Class A
     605       5  
 
                
 
             38  
Software & Services 0.1%
                
MacDonald, Dettwiler & Associates Ltd. *
     351       6  
Open Text Corp. *
     350       12  
 
                
 
             18  
Transportation 0.2%
                
Transat A.T., Inc., Class B
     549       4  
WestJet Airlines Ltd. *
     841       9  
WestJet Airlines Ltd., Class V *
     875       9  
 
                
 
             22  
Utilities 0.4%
                
Emera, Inc.
     2,090       37  
Fortis, Inc.
     1,103       22  
 
                
 
             59  
 
                
 
             751  
 
Cayman Islands 0.8%
                
Consumer Durables & Apparel 0.1%
                
Samson Holding Ltd.
     16,000       1  

4

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
TCL Communication Technology Holdings Ltd. *
     29,400       3  
TCL Multimedia Technology Holdings Ltd. *
     35,000       5  
 
                
 
             9  
Food, Beverage & Tobacco 0.1%
                
Chaoda Modern Agriculture (Holdings) Ltd.
     8,320       5  
China Mengniu Dairy Co., Ltd.
     3,000       4  
Tingyi (Cayman Islands) Holding Corp.
     14,000       16  
 
                
 
             25  
Household & Personal Products 0.1%
                
Hengan International Group Co., Ltd.
     3,000       10  
Materials 0.0%
                
Lee & Man Paper Manufacturing Ltd.
     2,000       1  
Real Estate 0.2%
                
Agile Property Holdings Ltd.
     8,000       3  
China Resources Land Ltd.
     5,000       6  
Country Garden Holdings Co.
     15,000       3  
Greentown China Holdings Ltd.
     15,000       5  
HKR International Ltd.
     8,400       2  
Shimao Property Holdings Ltd.
     9,000       6  
Shui On Land Ltd.
     16,000       4  
 
                
 
             29  
Retailing 0.1%
                
Lifestyle International Holdings Ltd.
     6,000       5  
New World Department Store China
     7,000       3  
 
                
 
             8  
Semiconductors & Semiconductor Equipment 0.0%
                
Solomon Systech International Ltd.
     148,000       3  
Technology Hardware & Equipment 0.1%
                
Kingboard Chemical Holdings Ltd.
     7,000       11  
Kingboard Laminates Holding Ltd.
     24,500       6  
 
                
 
             17  
Transportation 0.1%
                
Hopewell Highway Infrastructure Ltd.
     11,000       7  
 
                
 
             109  
 
China 0.2%
                
Banks 0.1%
                
China CITIC Bank, Class H
     23,000       9  
 
Capital Goods 0.1%
                
Beijing Enterprises Holdings Ltd.
     2,000       8  
 
Technology Hardware & Equipment 0.0%
                
Digital China Holdings Ltd.
     15,700       4  
 
                
 
             21  
 
Cyprus 0.1%
                
Energy 0.1%
                
Prosafe Production Public Ltd. *
     2,424       4  
Prosafe SE *
     2,304       9  
 
                
 
             13  
 
Denmark 1.5%
                
Banks 0.2%
                
Jyske Bank A/S - Reg’d *
     576       13  
Spar Nord Bank A/S
     477       4  
Sydbank A/S
     588       8  
 
                
 
             25  
Capital Goods 0.3%
                
FLSmidth & Co. A/S
     266       7  
NKT Holding A/S
     177       4  
Rockwool International A/S, B Shares
     74       5  
Schouw & Co. A/S
     301       4  
Vestas Wind Systems A/S *
     351       17  
 
                
 
             37  
Consumer Durables & Apparel 0.0%
                
Bang & Olufsen A/S, B Shares
     143       2  
Energy 0.1%
                
Dampskibsselskabet Torm A/S
     671       7  
Health Care Equipment & Services 0.1%
                
Coloplast A/S, Class B
     200       12  
GN Store Nord A/S *
     1,868       4  
William Demant Holding A/S *
     152       5  
 
                
 
             21  
Insurance 0.2%
                
Alm. Brand A/S *
     136       2  
Topdanmark A/S *
     186       22  
 
                
 
             24  
Materials 0.2%
                
Auriga Industries A/S, Class B
     280       5  
Novozymes A/S, Class B
     306       24  
 
                
 
             29  
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
                
Alk-Abello A/S
     253       22  
H. Lundbeck A/S
     519       11  
 
                
 
             33  
Transportation 0.2%
                
D/S Norden A/S
     145       4  
DFDS A/S
     100       7  
DSV A/S
     1,704       17  
 
                
 
             28  
 
                
 
             206  

5

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Finland 1.4%
                
Automobiles & Components 0.1%
                
Nokian Renkaat Oyj
     788       8  
Capital Goods 0.3%
                
Cargotec Corp., B Shares
     627       6  
KCI Konecranes Oyj
     312       5  
Lemminkainen Oyj
     85       2  
Ramirent Oyj
     1,098       4  
Uponor Oyj
     1,220       13  
Yit Oyj
     1,677       10  
 
                
 
             40  
Commercial & Professional Supplies 0.0%
                
Poyry Oyj
     321       3  
Consumer Durables & Apparel 0.1%
                
Amer Sports Oyj, A Shares
     1,216       9  
Food, Beverage & Tobacco 0.0%
                
HKScan Oyj
     552       3  
Health Care Equipment & Services 0.0%
                
Oriola-KD Oyj, Class B
     2,175       4  
Materials 0.3%
                
Ahlstrom Oyj
     1,246       12  
Huhtamaki Oyj
     4,212       31  
 
                
 
             43  
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
                
Orion Oyj, Class B
     1,546       27  
Real Estate 0.0%
                
Sponda Oyj
     852       3  
Retailing 0.1%
                
Stockmann Oyj Abp, B Shares
     581       8  
Software & Services 0.2%
                
TietoEnator Oyj
     2,284       26  
Transportation 0.1%
                
Finnair Oyj
     848       5  
Finnlines Oyj
     606       6  
 
                
 
             11  
 
                
 
             185  
 
                
France 2.5%
                
Automobiles & Components 0.0%
                
Plastic Omnium S.A.
     255       2  
Capital Goods 0.1%
                
Carbone Lorraine S.A.
     256       6  
IMS International Metal Service
     276       4  
Manitou BF
     305       3  
 
                
 
             13  
Commercial & Professional Supplies 0.4%
                
Societe BIC S.A.
     535       29  
Sperian Protection
     68       3  
Teleperformance
     709       19  
 
                
 
             51  
Consumer Durables & Apparel 0.1%
                
Beneteau
     501       4  
Kaufman & Broad S.A.
     487       4  
Nexity
     322       5  
SEB S.A.
     361       8  
Trigano S.A.
     180       1  
 
                
 
             22  
Consumer Services 0.1%
                
Club Mediterranee S.A. *
     232       3  
Compagnie des Alpes
     111       4  
Euro Disney S.C.A. *
     386       1  
Groupe Partouche S.A. *
     192       1  
Pierre & Vacances
     90       5  
 
                
 
             14  
Diversified Financials 0.1%
                
Financiere Marc de Lacharriere S.A.
     164       6  
Union Financiere de France Banque S.A.
     161       5  
 
                
 
             11  
Energy 0.2%
                
Bourbon S.A.
     450       12  
Compagnie Generale de Geophysique-Veritas *
     628       7  
Etablissements Maurel et Prom
     878       8  
 
                
 
             27  
Food & Staples Retailing 0.0%
                
Guyenne et Gascogne S.A.
     69       6  
Food, Beverage & Tobacco 0.1%
                
Bonduelle S.C.A.
     57       4  
Bongrain S.A.
     113       6  
Remy Cointreau S.A.
     184       5  
 
                
 
             15  
Health Care Equipment & Services 0.1%
                
bioMerieux
     88       7  
Generale de Sante
     266       4  
 
                
 
             11  
Insurance 0.1%
                
April Group
     286       9  
Materials 0.1%
                
Rhodia S.A.
     1,615       7  
Media 0.3%
                
Canal Plus
     1,320       8  
Havas S.A.
     7,228       14  
Ipsos
     402       8  
NRJ Group
     504       4  
Spir Communication
     65       2  
 
                
 
             36  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Ipsen S.A.
     178       7  

6

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Real Estate 0.1%
                
Mercialys
     250       8  
Societe Immobilliere de Location pour l’Industrie et le Commerce
     118       10  
 
                
 
             18  
Retailing 0.0%
                
Etam
     263       2  
Semiconductors & Semiconductor Equipment 0.0%
                
Silicon-On-Insulator Technologies *
     1,417       5  
Software & Services 0.2%
                
Altran Technologies S.A. *
     2,139       7  
Dassault Systemes S.A.
     305       11  
Groupe Steria S.C.A.
     528       6  
Sopra Group
     150       6  
UbiSoft Entertainment S.A. *
     328       5  
 
                
 
             35  
Technology Hardware & Equipment 0.2%
                
Bull S.A. *
     1,653       3  
Neopost S.A.
     327       26  
 
                
 
             29  
Telecommunication Services 0.0%
                
Iliad S.A.
     67       6  
Transportation 0.1%
                
Derichebourg S.A.
     1,764       4  
Norbert Dentressangle
     89       3  
 
                
 
             7  
Utilities 0.1%
                
EDF Energies Nouvelles S.A.
     135       5  
Rubis
     130       7  
 
                
 
             12  
 
                
 
             345  
 
                
Germany 2.5%
                
Automobiles & Components 0.1%
                
ElringKlinger AG
     346       3  
Leoni AG
     563       7  
 
                
 
             10  
Banks 0.1%
                
Aareal Bank AG
     624       3  
comdirect bank AG
     529       4  
 
             7  
Capital Goods 0.5%
                
Demag Cranes AG
     210       5  
Deutz AG
     1,635       4  
Duerr AG
     109       1  
Gildemeister AG
     380       3  
Indus Holding AG
     105       1  
Kloeckner & Co., SE
     237       3  
Koenig & Bauer AG
     437       5  
Krones AG
     149       5  
KUKA AG
     497       6  
MTU Aero Engines Holding AG
     437       12  
Pfleiderer AG
     511       3  
SGL Carbon AG *
     398       9  
Solarworld AG
     338       7  
Vossloh AG
     84       9  
 
                
 
             73  
Commercial & Professional Supplies 0.1%
                
GfK AG
     234       5  
INTERSEROH AG
     62       3  
 
                
 
             8  
Consumer Durables & Apparel 0.1%
                
Puma AG Rudolf Dassler Sport
     40       7  
Rational AG
     35       3  
 
                
 
             10  
Diversified Financials 0.1%
                
MLP AG
     697       7  
MPC Muenchmeyer Petersen Capital AG
     92       1  
 
                
 
             8  
Health Care Equipment & Services 0.1%
                
Carl Zeiss Meditec AG
     378       4  
Rhoen-klinikum AG
     427       9  
 
                
 
             13  
Materials 0.3%
                
Fuchs Petrolub AG
     106       4  
Kloeckner-Werke AG *
     276       6  
Norddeutsche Affinerie AG
     953       29  
Symrise AG
     603       6  
 
                
 
             45  
Media 0.0%
                
Premiere AG *
     932       4  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
QIAGEN N.V. *
     636       11  
Stada Arzneimittel AG
     358       9  
 
                
 
             20  
Real Estate 0.2%
                
Deutsche Euroshop AG
     513       14  
Deutsche Wohnen AG *
     586       8  
IVG Immobilien AG
     1,111       7  
 
                
 
             29  
Retailing 0.4%
                
Douglas Holding AG
     688       26  
Fielmann AG
     103       7  
Medion AG
     398       3  
Praktiker Bau- und Heimwerkermaerkte Holding AG
     1,313       10  
Takkt AG
     440       4  
 
                
 
             50  

7

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Software & Services 0.1%
                
Bechtle AG
     287       4  
Software AG
     132       8  
United Internet AG - Reg’d
     782       6  
 
                
 
             18  
Technology Hardware & Equipment 0.2%
                
Epcos AG
     457       11  
Jenoptik AG *
     1,351       9  
Wincor Nixdorf AG
     224       11  
 
                
 
             31  
Telecommunication Services 0.0%
                
Freenet AG *
     956       5  
Transportation 0.0%
                
Sixt AG
     270       3  
Utilities 0.1%
                
MVV Energie AG
     224       9  
 
                
 
             343  
 
                
Gibraltar 0.0%
                
Consumer Services 0.0%
                
PartyGaming plc *
     2,390       6  
 
                
Greece 0.4%
                
Banks 0.1%
                
Agricultural Bank of Greece
     3,447       5  
Emporiki Bank of Greece S.A. *
     307       2  
Greek Postal Savings Bank
     634       4  
 
                
 
             11  
Capital Goods 0.1%
                
Ellaktor S.A.
     986       5  
Technical Olympic S.A. *
     9,172       2  
 
                
 
             7  
Consumer Services 0.0%
                
Intralot S.A. Integrated Lottery
     671       3  
Energy 0.1%
                
Motor Oil (Hellas) Corinth Refineries S.A.
     730       7  
Materials 0.1%
                
Elval Aluminum Process Co.
     1,123       1  
Heracles General Cement S.A.
     308       2  
Mytilineos Holdings S.A.
     663       3  
Sidenor Steel Products Manufacturing Co., S.A.
     454       2  
Titan Cement Co.
     601       11  
Viohalco, Hellenic Copper & Aluminum Industry S.A.
     1,414       7  
 
                
 
             26  
Real Estate 0.0%
                
Babis Vovos International Construction S.A. *
     188       2  
 
                
Retailing 0.0%
                
Hellenic Duty Free Shops S.A.
     195       1  
Technology Hardware & Equipment 0.0%
                
Intracom Holdings S.A. *
     1,351       1  
Utilities 0.0%
                
EYDAP Athens Water Supply & Sewage Co., S.A.
     121       1  
 
                
 
             59  
 
                
Hong Kong 1.9%
                
Automobiles & Components 0.1%
                
Denway Motors Ltd.
     42,000       13  
Banks 0.2%
                
Chong Hing Bank Ltd.
     3,000       3  
Dah Sing Banking Group Ltd.
     8,600       6  
Dah Sing Financial Group
     2,400       6  
Fubon Bank (Hong Kong) Ltd.
     2,000       1  
Industrial & Commercial Bank of China (Asia) Ltd.
     6,000       5  
Wing Hang Bank Ltd.
     2,000       10  
 
                
 
             31  
Capital Goods 0.1%
                
Shanghai Industrial Holdings Ltd.
     4,000       10  
Tianjin Development Holdings Ltd.
     6,000       2  
 
                
 
             12  
Consumer Durables & Apparel 0.1%
                
Fountain Set (Holdings) Ltd.
     38,000       2  
Techtronic Industries Co., Ltd.
     27,000       9  
Truly International Holdings Ltd.
     1,000       —  
 
                
 
             11  
Consumer Services 0.1%
                
China Travel International Investment Hong Kong Ltd.
     33,000       5  
Galaxy Entertainment Group Ltd. *
     12,000       2  
The Hongkong & Shanghai Hotels Ltd.
     7,000       5  
 
                
 
             12  
Diversified Financials 0.1%
                
Allied Properties (H.K.) Ltd.
     50,000       4  
Public Financial Holdings Ltd.
     9,000       3  
Sun Hung Kai & Co., Ltd.
     8,000       5  
 
                
 
             12  
Food, Beverage & Tobacco 0.1%
                
China Agri-Industries Holdings Ltd. *
     14,000       6  
Global Bio-chem Technology Group Co., Ltd.
     18,000       3  
 
                
 
             9  
Insurance 0.0%
                
China Insurance International Holdings Co., Ltd.
     3,000       4  
Materials 0.0%
                
Minmetals Resources Ltd.
     9,100       1  

8

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Media 0.1%
                
I-Cable Communications Ltd.
     9,000       1  
Next Media Ltd.
     10,000       1  
Oriental Press Group Ltd.
     23,000       2  
Television Broadcasts Ltd.
     3,000       10  
 
                
 
             14  
Real Estate 0.5%
                
Champion Real Estate Investment Trust
     27,000       7  
China Overseas Land & Investment Ltd.
     9,000       12  
Guangzhou Investment Co., Ltd.
     51,000       5  
Hopewell Holdings Ltd.
     9,000       29  
Hopson Development Holdings Ltd.
     8,000       4  
Kowloon Development Co., Ltd.
     4,000       2  
Shenzhen Investment Ltd.
     28,000       5  
 
                
 
             64  
Retailing 0.0%
                
Wing On Co. International Ltd.
     3,000       3  
Semiconductors & Semiconductor Equipment 0.0%
                
ASM Pacific Technology Ltd.
     2,000       6  
Software & Services 0.0%
                
Sino-i Technology Ltd. *
     920,000       5  
Technology Hardware & Equipment 0.1%
                
VTech Holdings Ltd.
     4,000       15  
Telecommunication Services 0.1%
                
SmarTone Telecommunications Holdings Ltd.
     17,000       13  
Transportation 0.1%
                
Hong Kong Aircraft Engineering Co., Ltd.
     800       7  
Shun Tak Holdings Ltd.
     13,000       5  
 
                
 
             12  
Utilities 0.2%
                
China Power International Development Ltd.
     32,900       6  
China Resources Power Holdings Co., Ltd.
     4,000       7  
Guangdong Investment Ltd.
     22,000       9  
 
                
 
             22  
 
                
 
             259  
 
                
Ireland 0.7%
                
Capital Goods 0.2%
                
DCC plc
     855       12  
Grafton Group plc *
     2,953       6  
Kingspan Group plc
     1,139       4  
 
                
 
             22  
Food & Staples Retailing 0.1%
                
Fyffes plc
     18,088       6  
Food, Beverage & Tobacco 0.2%
                
C&C Group plc
     2,865       3  
Glanbia plc
     1,476       5  
Greencore Group plc
     4,270       4  
Kerry Group plc, Class A
     1,013       19  
 
                
 
             31  
Health Care Equipment & Services 0.1%
                
United Drug plc
     6,254       19  
Insurance 0.1%
                
FBD Holdings plc
     617       6  
Media 0.0%
                
Independent News & Media plc
     11,913       4  
Transportation 0.0%
                
Aer Lingus Group plc *
     2,881       4  
 
                
 
             92  
 
Italy 1.9%
                
Automobiles & Components 0.1%
                
Brembo S.p.A
     799       4  
Immsi S.p.A
     2,728       2  
Piaggio & C. S.p.A.
     4,440       6  
Sogefi S.p.A.
     437       1  
 
                
 
             13  
Banks 0.3%
                
Banca Piccolo Credito Valtellinese Scarl
     2,418       22  
Banca Popolare dell’Etruria e del Lazio Scrl
     1,252       6  
Banco di Desio e della Brianza S.p.A.
     655       4  
Credito Artigiano S.p.A.
     1,634       4  
Credito Emiliano S.p.A.
     1,054       5  
 
                
 
             41  
Capital Goods 0.3%
                
Astaldi S.p.A.
     822       4  
Cofide S.p.A. - Compagnia Finanziaria De Benedetti
     20,297       10  
Danieli S.p.A. - Officine Meccaniche Danieli & C.
     350       3  
Danieli S.p.A. - Officine Meccaniche Danieli & C. - RNC
     595       4  
Impregilo S.p.A. *
     4,703       12  
Interpump Group S.p.A.
     1,274       5  
Permasteelisa S.p.A.
     590       7  
 
                
 
             45  
Consumer Durables & Apparel 0.2%
                
Bulgari S.p.A
     1,121       5  
Geox S.p.A.
     636       4  
Indesit Co., S.p.A.
     1,065       4  
Safilo Group S.p.A.
     4,976       4  
Tod’s S.p.A.
     157       5  
 
                
 
             22  

9

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Diversified Financials 0.1%
                
Banca Italease *
     2,679       7  
Food & Staples Retailing 0.0%
                
Marr S.p.A.
     487       3  
Food, Beverage & Tobacco 0.1%
                
Davide Campari - Milano S.p.A.
     1,350       8  
Health Care Equipment & Services 0.0%
                
Sorin S.p.A. *
     1,794       1  
Materials 0.1%
                
Caltagirone S.p.A.
     514       2  
Cementir Holding S.p.A.
     1,067       3  
KME Group
     3,206       2  
 
                
 
             7  
Media 0.3%
                
Caltagirone Editore S.p.A.
     2,948       8  
Gruppo Editoriale L’Espresso S.p.A.
     3,769       5  
Mondadori (Arnoldo) Editore S.p.A.
     2,457       11  
RCS MediaGroup S.p.A.
     7,372       7  
Seat Pagine Gialle S.p.A. *
     69,665       4  
Telecom Italia Media S.p.A. *
     73,065       7  
 
                
 
             42  
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
                
Recordati S.p.A.
     1,034       5  
Real Estate 0.1%
                
Beni Stabili S.p.A.
     10,597       9  
Pirelli & C. Real Estate S.p.A.
     377       2  
Risanamento S.p.A. *
     570       —  
 
                
 
             11  
Retailing 0.0%
                
Gruppo Coin S.p.A. *
     1,790       4  
Software & Services 0.0%
                
Tiscali S.p.A *
     5,789       3  
Technology Hardware & Equipment 0.0%
                
Esprinet S.p.A.
     447       2  
Telecommunication Services 0.0%
                
Fastweb *
     155       4  
Transportation 0.2%
                
Alitalia S.p.A. (a)(b) *
     14,782       —  
Ansaldo STS S.p.A.
     695       8  
Autostrada Torino-Milano S.p.A.
     1,153       7  
Gemina S.p.A. *
     7,584       4  
Societa Iniziative Autostradali e Servizi S.p.A.
     637       4  
 
                
 
             23  
Utilities 0.1%
                
ACEA S.p.A.
     855       10  
Acegas-APS S.p.A.
     598       4  
Iride S.p.A.
     2,968       3  
 
                
 
             17  
 
                
 
             258  
 
Japan 48.3%
                
Automobiles & Components 1.5%
                
Ahresty Corp.
     1,000       3  
Aichi Machine Industry Co., Ltd.
     3,000       5  
Akebono Brake Industry Co., Ltd.
     2,000       8  
F.C.C. Co., Ltd.
     1,000       10  
Futaba Industrial Co. Ltd.
     1,000       3  
Kayaba Industry Co., Ltd.
     5,000       7  
Keihin Corp.
     1,000       8  
Koito Manufacturing Co., Ltd.
     2,000       10  
Mitsuba Corp.
     3,000       9  
Musashi Seimitsu Industry Co., Ltd.
     1,000       10  
NHK Spring Co., Ltd.
     4,000       14  
Nissan Shatai Co., Ltd.
     2,000       13  
Nissin Kogyo Co., Ltd.
     1,000       8  
Press Kogyo Co., Ltd.
     2,000       3  
Riken Corp.
     2,000       4  
Sanden Corp.
     4,000       8  
Shiroki Corp.
     1,000       2  
Showa Corp.
     2,000       8  
Stanley Electric Co., Ltd.
     2,000       19  
Tachi-S Co., Ltd.
     1,000       5  
Tokai Rika Co., Ltd.
     1,000       8  
Tokai Rubber Industries Ltd.
     1,000       7  
Topre Corp.
     1,000       7  
Toyo Tire & Rubber Co., Ltd.
     8,000       12  
TS Tech Co., Ltd.
     700       4  
Unipres Corp.
     1,000       7  
 
                
 
             202  
Banks 6.0%
                
Bank of The Ryukyus Ltd.
     1,000       9  
Kansai Urban Banking Corp.
     2,000       3  
Kiyo Holdings, Inc.
     10,000       14  
Suruga Bank Ltd.
     2,000       18  
The Aichi Bank Ltd.
     100       8  
The Akita Bank Ltd.
     3,000       13  
The Aomori Bank Ltd.
     3,000       13  
The Awa Bank Ltd.
     4,000       26  
The Bank of Ikeda Ltd. *
     1,000       45  
The Bank Of Iwate Ltd.
     300       19  
The Bank of Nagoya Ltd.
     4,000       23  
The Bank of Okinawa Ltd.
     300       11  
The Bank of Saga Ltd.
     3,000       11  
The Chiba Kogyo Bank Ltd. *
     1,000       13  
The Chukyo Bank Ltd.
     1,000       4  
The Daisan Bank Ltd.
     2,000       7  
The Daishi Bank Ltd.
     7,000       30  
The Ehime Bank Ltd.
     3,000       10  
The Eighteenth Bank Ltd.
     5,000       17  
The Fukui Bank Ltd.
     4,000       14  
The Higashi-Nippon Bank Ltd.
     2,000       6  
The Higo Bank Ltd.
     4,000       23  

10

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Hokkoku Bank Ltd.
     5,000       18  
The Hokuetsu Bank Ltd.
     3,000       6  
The Hyakugo Bank Ltd.
     4,000       21  
The Hyakujushi Bank Ltd.
     5,000       26  
The Juroku Bank Ltd.
     6,000       27  
The Kagawa Bank Ltd.
     2,000       11  
The Kagoshima Bank Ltd.
     3,000       23  
The Keiyo Bank Ltd.
     2,000       10  
The Michinoku Bank Ltd.
     3,000       6  
The Mie Bank Ltd.
     1,000       4  
The Minato Bank Ltd.
     4,000       6  
The Miyazaki Bank Ltd.
     3,000       11  
The Musashino Bank Ltd.
     400       14  
The Nanto Bank Ltd.
     7,000       38  
The Nishi-Nippon City Bank Ltd.
     13,000       32  
The Ogaki Kyoritsu Bank Ltd.
     4,000       20  
The Oita Bank Ltd.
     3,000       19  
The San-in Godo Bank Ltd.
     3,000       23  
The Senshu Bank Ltd.
     1,000       2  
The Shiga Bank Ltd.
     4,000       24  
The Shikoku Bank Ltd.
     4,000       21  
The Tochigi Bank Ltd.
     2,000       12  
The Toho Bank Ltd.
     4,000       17  
The Tokushima Bank Ltd.
     2,000       10  
The Tokyo Tomin Bank Ltd.
     1,000       17  
The Yamagata Bank Ltd.
     2,000       12  
The Yamanashi Chuo Bank Ltd.
     3,000       17  
Yamaguchi Financial Group, Inc.
     3,000       33  
 
                
 
             817  
Capital Goods 9.2%
                
Aica Kogyo Co., Ltd.
     1,000       10  
Amano Corp.
     1,000       7  
Ando Corp.
     8,000       14  
Bando Chemical Industries Ltd.
     2,000       5  
Bunka Shutter Co., Ltd.
     2,000       8  
Central Glass Co., Ltd.
     5,000       18  
Chiyoda Corp.
     3,000       15  
Chudenko Corp.
     1,000       17  
CKD Corp.
     1,000       4  
COMSYS Holdings Corp.
     3,000       25  
Dai-Dan Co., Ltd.
     2,000       9  
Daifuku Co., Ltd.
     1,000       5  
Ebara Corp.
     12,000       22  
Fujitec Co., Ltd.
     2,000       7  
Fukuda Corp.
     2,000       3  
Furukawa Co., Ltd.
     6,000       5  
Futaba Corp.
     1,000       14  
Glory Ltd.
     1,000       17  
GS Yuasa Corp.
     7,000       38  
Hitachi Cable Ltd.
     4,000       7  
Hitachi Plant Technologies Ltd. *
     3,000       11  
Hitachi Zosen Corp. *
     31,000       29  
Inaba Denki Sangyo Co., Ltd.
     400       10  
Inabata & Co., Ltd.
     4,000       13  
Iseki & Co., Ltd. *
     8,000       24  
Iwatani Corp.
     11,000       27  
Japan Pulp & Paper Co., Ltd.
     3,000       10  
JGC Corp.
     2,000       28  
Kamei Corp.
     3,000       15  
Kandenko Co., Ltd.
     3,000       22  
Keihan Electric Railway Co., Ltd.
     9,000       40  
Kitz Corp.
     2,000       6  
Komori Corp.
     1,000       9  
Kumagai Gumi Co., Ltd.
     9,000       4  
Kurita Water Industries Ltd.
     1,000       23  
Kuroda Electric Co., Ltd.
     1,000       8  
Kyowa Exeo Corp.
     3,000       29  
Kyudenko Corp.
     3,000       24  
Maeda Corp.
     10,000       34  
Maeda Road Construction Co., Ltd.
     2,000       19  
Makino Milling Machine Co., Ltd.
     2,000       5  
Max Co., Ltd.
     1,000       10  
Meidensha Corp.
     6,000       16  
Minebea Co., Ltd.
     7,000       21  
Mitsuboshi Belting Ltd.
     2,000       10  
Mitsui Engineering & Shipbuilding Co., Ltd.
     11,000       17  
Mori Seiki Co., Ltd.
     1,000       8  
Nabtesco Corp.
     1,000       6  
Nachi-Fujikoshi Corp.
     4,000       7  
NEC Networks & System Integration Corp.
     1,000       11  
Nichias Corp.
     3,000       8  
Nichiha Corp.
     1,000       7  
Nippo Corp.
     3,000       23  
Nippon Densetsu Kogyo Co., Ltd.
     2,000       24  
Nishimatsu Construction Co., Ltd.
     12,000       12  
Nishio Rent All Co., Ltd.
     1,000       7  
Nitto Boseki Co., Ltd.
     5,000       8  
Noritake Co., Ltd.
     2,000       6  
Noritz Corp.
     1,000       14  
OKUMA Corp.
     2,000       7  
Okumura Corp.
     7,000       30  
OSG Corp.
     1,000       6  
Penta-Ocean Construction Co., Ltd. *
     18,000       23  
Ryobi Ltd.
     4,000       7  
Sanki Engineering Co., Ltd.
     2,000       13  
Sankyo-Tateyama Holdings, Inc.
     15,000       11  
Sanwa Holdings Corp.
     5,000       17  
ShinMaywa Industries Ltd.
     3,000       7  
Sintokogio Ltd.
     1,000       6  
Sumitomo Mitsui Construction Co., Ltd. *
     13,000       9  
Swcc Showa Holdings Co., Ltd.
     6,000       4  
Tadano Ltd.
     1,000       4  
Taihei Kogyo Co., Ltd.
     1,000       2  
Taikisha Ltd.
     1,000       15  
Takara Standard Co., Ltd.
     3,000       19  
Takasago Thermal Engineering Co., Ltd.
     2,000       15  
Takuma Co., Ltd.
     3,000       4  
Tekken Corp. *
     9,000       9  
The Japan Steel Works Ltd.
     1,000       11  
The Nippon Road Co., Ltd.
     4,000       9  

11

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
THK Co., Ltd.
     2,000       25  
TOA Corp. *
     14,000       20  
Tobishima Corp. *
     48,000       8  
Toda Corp.
     8,000       28  
Toenec Corp.
     1,000       6  
Tokyu Construction Co., Ltd.
     3,000       8  
Toshiba Machine Co., Ltd.
     1,000       3  
Toshiba Plant Systems & Services Corp.
     1,000       11  
Toyo Construction Co., Ltd. *
     15,000       6  
Toyo Engineering Corp.
     2,000       7  
Tsubakimoto Chain Co.
     2,000       5  
Ushio, Inc.
     1,000       13  
Yamazen Corp.
     3,000       10  
Yuasa Trading Co., Ltd.
     14,000       15  
Yurtec Corp.
     1,000       6  
 
                
 
             1,254  
Commercial & Professional Supplies 0.7%
                
Arrk Corp. *
     4,000       4  
Kokuyo Co., Ltd.
     3,000       21  
Kyodo Printing Co., Ltd.
     3,000       7  
Meitec Corp.
     1,000       16  
Nissha Printing Co., Ltd.
     400       10  
Okamura Corp.
     1,000       6  
Radia Holdings, Inc. *
     1,000       5  
Sohgo Security Services Co., Ltd.
     1,000       10  
Temp Holdings Co., Ltd. *
     500       3  
Toppan Forms Co., Ltd.
     1,000       11  
Uchida Yoko Co., Ltd.
     2,000       7  
 
                
 
             100  
Consumer Durables & Apparel 2.6%
                
Alpine Electronics, Inc.
     1,000       7  
Arnest One Corp.
     1,000       1  
Asics Corp.
     1,000       7  
Clarion Co., Ltd.
     1,000       1  
Cleanup Corp.
     1,000       4  
Daikyo, Inc.
     3,000       2  
Fujitsu General Ltd.
     2,000       4  
Funai Electric Co., Ltd.
     400       10  
Gunze Ltd.
     4,000       14  
Heiwa Corp.
     1,000       9  
Hitachi Koki Co., Ltd.
     1,000       10  
Juki Corp.
     2,000       2  
JVC KENWOOD Holdings, Inc. *
     13,000       5  
Kurabo Industries Ltd.
     6,000       10  
Misawa Homes Co., Ltd. *
     4,000       9  
Mitsui Home Co., Ltd.
     2,000       11  
Mizuno Corp.
     2,000       9  
Nisshinbo Industries, Inc.
     3,000       22  
Onward Holdings Co., Ltd.
     3,000       20  
PanaHome Corp.
     2,000       12  
Renown, Inc. *
     3,000       4  
Rinnai Corp.
     1,000       39  
Sangetsu Co., Ltd.
     1,000       21  
Sanyo Shokai Ltd.
     2,000       8  
Seiko Holdings Corp.
     3,000       6  
Shimano, Inc.
     1,000       34  
The Japan General Estate Co., Ltd.
     1,000       1  
The Japan Wool Textile Co., Ltd.
     1,000       7  
Tokyo Style Co., Ltd.
     2,000       15  
Touei Housing Corp. *
     1,000       2  
Towa Real Estate Development Co., Ltd.
     8,000       5  
Toyobo Co., Ltd.
     17,000       24  
Unitika Ltd.
     13,000       9  
Wacoal Holdings Corp.
     1,000       13  
 
                
 
             357  
Consumer Services 0.5%
                
Accordia Golf Co., Ltd.
     7       5  
H.I.S. Co., Ltd.
     1,000       19  
Pacific Golf Group International Holdings KK
     2       1  
Resorttrust, Inc.
     1,000       10  
Royal Holdings Co., Ltd.
     1,000       10  
Saizeriya Co., Ltd.
     1,000       13  
Tokyo Dome Corp.
     2,000       6  
Yoshinoya Holdings Co., Ltd.
     3       4  
Zensho Co., Ltd.
     1,000       6  
 
                
 
             74  
Diversified Financials 0.9%
                
Aeon Credit Service Co., Ltd.
     1,000       9  
Central Finance Co., Ltd. *
     3,000       5  
Jaccs Co., Ltd. *
     7,000       13  
Japan Securities Finance Co., Ltd.
     2,000       9  
Marusan Securities Co., Ltd.
     1,000       5  
Matsui Securities Co., Ltd.
     1,000       8  
Mizuho Investors Securities Co., Ltd.
     5,000       4  
Monex Group, Inc.
     11       3  
NIS Group Co., Ltd. *
     6,000       2  
Okasan Holdings, Inc.
     2,000       8  
OMC Card, Inc. *
     2,000       4  
Pocket Card Co., Ltd.
     1,000       3  
SBI Holdings, Inc.
     128       15  
SFCG Co., Ltd.
     130       4  
Shinki Co., Ltd. *
     2,000       1  
Shinko Securities Co., Ltd.
     9,000       18  
Tokai Tokyo Securities Co., Ltd.
     3,000       7  
 
                
 
             118  
Energy 0.5%
                
AOC Holdings, Inc.
     2,000       11  
Itohchu Enex Co., Ltd.
     4,000       28  
Mitsuuroko Co., Ltd.
     1,000       7  
Sala Corp.
     1,000       6  
San-Ai Oil Co., Ltd.
     3,000       13  
Sinanen Co., Ltd.
     2,000       9  
 
                
 
             74  
Food & Staples Retailing 1.4%
                
Arcs Co., Ltd.
     1,000       16  
Circle K Sunkus Co., Ltd.
     1,000       17  
FamilyMart Co., Ltd.
     1,000       36  
Heiwado Co., Ltd.
     1,000       16  

12

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Inageya Co., Ltd.
     1,000       10  
Izumiya Co., Ltd.
     5,000       31  
Kasumi Co., Ltd.
     2,000       10  
Life Corp.
     1,000       18  
Okuwa Co., Ltd.
     1,000       14  
The Maruetsu, Inc. *
     1,000       6  
Toho Co., Ltd.
     2,000       7  
Valor Co., Ltd.
     1,000       9  
 
                
 
             190  
Food, Beverage & Tobacco 5.0%
                
Coca-Cola Central Japan Co., Ltd.
     500       7  
Coca-Cola West Holdings Co., Ltd.
     1,000       21  
Ezaki Glico Co., Ltd.
     2,000       19  
Fuji Oil Co., Ltd.
     2,000       25  
House Foods Corp.
     1,000       17  
Ito En Ltd.
     1,000       14  
Itoham Foods, Inc.
     3,000       10  
J-Oil Mills, Inc.
     3,000       10  
Kagome Co., Ltd.
     1,000       15  
Kikkoman Corp.
     3,000       29  
Kyokuyo Co., Ltd.
     4,000       9  
Marudai Food Co., Ltd.
     5,000       14  
Maruha Nichiro Holdings, Inc.
     22,000       35  
Meiji Seika Kaisha Ltd.
     7,000       29  
Mercian Corp.
     3,000       5  
Mikuni Coca-Cola Bottling Co., Ltd.
     1,000       9  
Morinaga & Co., Ltd.
     6,000       13  
Morinaga Milk Industry Co., Ltd.
     13,000       45  
Nichirei Corp.
     7,000       27  
Nippon Flour Mills Co., Ltd.
     4,000       20  
Nippon Suisan Kaisha Ltd.
     8,000       20  
Prima Meat Packers Ltd. *
     17,000       28  
Q.P. Corp.
     3,000       39  
Sakata Seed Corp.
     1,000       14  
Sapporo Holdings Ltd.
     4,000       18  
Showa Sangyo Co., Ltd.
     4,000       12  
Snow Brand Milk Products Co., Ltd.
     10,000       35  
Starzen Co., Ltd.
     3,000       8  
Takara Holdings, Inc.
     3,000       14  
The Nisshin Oillio Group Ltd.
     5,000       24  
Toyo Suisan Kaisha Ltd.
     2,000       53  
Yakult Honsha Co., Ltd.
     2,000       41  
Yonekyu Corp.
     1,000       11  
 
                
 
             690  
Health Care Equipment & Services 0.6%
                
Hitachi Medical Corp.
     1,000       10  
Miraca Holdings, Inc.
     1,000       21  
Nichii Gakkan Co.
     1,000       16  
Nipro Corp.
     1,000       15  
Toho Pharmaceutical Co., Ltd.
     1,000       11  
Vital-Net, Inc.
     1,000       6  
 
                
 
             79  
Household & Personal Products 0.5%
                
Aderans Holdings Co., Ltd.
     1,000       8  
Fancl Corp.
     1,000       13  
Kobayashi Pharmaceutical Co., Ltd.
     300       11  
Lion Corp.
     5,000       28  
Unicharm Corp.
     200       14  
 
                
 
             74  
Insurance 0.0%
                
The Fuji Fire & Marine Insurance Co., Ltd.
     4,000       5  
Materials 5.7%
                
Adeka Corp.
     2,000       13  
Aichi Steel Corp.
     2,000       6  
Air Water, Inc.
     3,000       24  
Chuetsu Pulp & Paper Co., Ltd.
     4,000       9  
Daiken Corp.
     3,000       6  
Dainichiseika Color & Chemical Mfg. Co., Ltd.
     1,000       3  
Daio Paper Corp.
     5,000       52  
Denki Kagaku Kogyo Kabushiki Kaisha
     13,000       27  
Dowa Holdings Co., Ltd.
     6,000       19  
Furukawa-Sky Aluminum Corp.
     4,000       7  
Godo Steel Ltd.
     4,000       12  
Hokkan Holdings Ltd.
     3,000       8  
Hokuetsu Paper Mills Ltd.
     3,000       15  
Ishihara Sangyo Kaisha Ltd. *
     4,000       3  
Kansai Paint Co., Ltd.
     3,000       15  
Kureha Corp.
     3,000       14  
Kurimoto Ltd. *
     5,000       3  
Kyoei Steel Ltd.
     1,000       17  
Lintec Corp.
     1,000       13  
Maruichi Steel Tube Ltd.
     1,000       24  
Mitsubishi Paper Mills Ltd.
     9,000       15  
Mitsubishi Steel Mfg. Co., Ltd.
     2,000       5  
Mitsui Mining Co., Ltd.
     2,000       2  
Nakayama Steel Works Ltd.
     6,000       14  
Nifco, Inc.
     1,000       9  
Nihon Yamamura Glass Co., Ltd.
     3,000       7  
Nippon Kayaku Co., Ltd.
     3,000       14  
Nippon Metal Industry Co., Ltd.
     2,000       2  
Nippon Paint Co., Ltd.
     5,000       21  
Nippon Shokubai Co., Ltd.
     3,000       20  
Nippon Soda Co., Ltd.
     3,000       11  
Nippon Yakin Kogyo Co., Ltd.
     1,000       3  
Nissan Chemical Industries Ltd.
     2,000       15  
Nittetsu Mining Co., Ltd.
     1,000       4  
Nof Corp.
     4,000       18  
Pacific Metals Co., Ltd.
     1,000       5  
Rengo Co., Ltd.
     6,000       41  
Sakai Chemical Industry Co., Ltd.
     2,000       5  
Sakata Inx Corp.
     1,000       3  
Sanyo Chemical Industries Ltd.
     2,000       11  
Sanyo Special Steel Co., Ltd.
     2,000       5  
Shin-Etsu Polymer Co., Ltd.
     1,000       5  
Sumitomo Bakelite Co., Ltd.
     5,000       20  

13

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Sumitomo Light Metal Industries Ltd.
     13,000       12  
Sumitomo Osaka Cement Co., Ltd.
     15,000       30  
Taiyo Nippon Sanso Corp.
     4,000       26  
Takasago International Corp.
     1,000       6  
Toagosei Co., Ltd.
     5,000       13  
Toho Zinc Co., Ltd.
     1,000       2  
Tokai Carbon Co., Ltd.
     1,000       4  
Tokuyama Corp.
     4,000       24  
Tokyo Ohka Kogyo Co., Ltd.
     1,000       16  
Tokyo Steel Manufacturing Co., Ltd.
     3,000       29  
Tomoku Co., Ltd.
     3,000       6  
Topy Industries Ltd.
     7,000       11  
Toyo Ink Mfg. Co., Ltd.
     5,000       13  
Toyo Kohan Co., Ltd.
     1,000       4  
Yamato Kogyo Co., Ltd.
     300       7  
Yodogawa Steel Works Ltd.
     4,000       19  
Zeon Corp.
     5,000       16  
 
                
 
             783  
Media 0.6%
                
Asatsu-DK, Inc.
     1,000       20  
Avex Group Holdings, Inc.
     1,000       10  
Kadokawa Group Holdings, Inc.
     500       9  
Shochiku Co., Ltd.
     1,000       7  
Toei Co., Ltd.
     2,000       9  
Toho Co., Ltd.
     1,000       17  
TV Asahi Corp.
     3       4  
 
                
 
             76  
Pharmaceuticals, Biotechnology & Life Sciences 1.3%
                
Dainippon Sumitomo Pharma Co., Ltd.
     2,000       18  
Kaken Pharmaceutical Co., Ltd.
     1,000       11  
Kissei Pharmaceutical Co., Ltd.
     1,000       26  
Mitsubishi Tanabe Pharma Corp.
     1,000       15  
Mochida Pharmaceutical Co., Ltd.
     1,000       12  
Nippon Shinyaku Co., Ltd.
     1,000       11  
Rohto Pharmaceutical Co., Ltd.
     1,000       12  
Santen Pharmaceutical Co., Ltd.
     1,000       32  
Ssp Co., Ltd.
     1,000       6  
Tsumura & Co.
     1,000       33  
 
                
 
             176  
Real Estate 0.6%
                
Daibiru Corp.
     1,000       9  
Heiwa Real Estate Co., Ltd.
     2,000       5  
Iida Home Max
     1,000       5  
Joint Corp.
     1,000       1  
Nomura Real Estate Holdings, Inc.
     1,000       18  
NTT Urban Development Corp.
     9       8  
Sumitomo Real Estate Sales Co., Ltd.
     1,000       28  
Tokyo Tatemono Co., Ltd.
     4,000       13  
 
                
 
             87  
Retailing 3.7%
                
Aoyama Trading Co., Ltd.
     1,000       15  
Autobacs Seven Co., Ltd.
     1,000       27  
Belluna Co., Ltd.
     1,000       3  
Best Denki Co., Ltd.
     3,000       10  
Chiyoda Co., Ltd.
     1,000       17  
Chori Co., Ltd. *
     9,000       11  
Culture Convenience Club Co., Ltd.
     2,000       19  
DCM Japan Holdings Co., Ltd.
     2,000       12  
Don Quijote Co., Ltd.
     1,000       16  
Duskin Co., Ltd.
     2,000       33  
EDION Corp.
     3,000       14  
Fuji Co., Ltd.
     1,000       19  
Fujitsu Business Systems Ltd.
     1,000       15  
GEO Corp.
     10       7  
H2O Retailing Corp.
     3,000       22  
Izumi Co., Ltd.
     1,000       15  
J. Front Retailing Co., Ltd.
     4,000       14  
Joshin Denki Co., Ltd.
     2,000       16  
K’s Holdings Corp.
     1,000       15  
Kato Sangyo Co., Ltd.
     2,000       30  
Keiyo Co., Ltd.
     1,000       6  
Kohnan Shoji Co., Ltd.
     1,000       11  
Kojima Co., Ltd.
     3,000       8  
Komeri Co., Ltd.
     1,000       18  
Nice Holdings, Inc.
     5,000       9  
Nissen Holdings Co., Ltd.
     2,000       12  
Parco Co., Ltd.
     1,000       9  
Paris Miki, Inc.
     1,000       9  
Right On Co., Ltd.
     1,000       12  
Ryohin Keikaku Co., Ltd.
     300       12  
Senshukai Co., Ltd.
     1,000       7  
Shimachu Co., Ltd.
     1,000       21  
Shimamura Co., Ltd.
     300       21  
Telepark Corp.
     5       6  
USS Co., Ltd.
     200       8  
Yokohama Reito Co., Ltd.
     1,000       7  
 
                
 
             506  
Semiconductors & Semiconductor Equipment 0.6%
                
Disco Corp.
     1,000       24  
Sanken Electric Co., Ltd.
     4,000       15  
Shindengen Electric Manufacturing Co., Ltd.
     4,000       8  
Shinko Electric Industries Co., Ltd.
     1,000       8  
Tokyo Seimitsu Co., Ltd.
     1,000       8  
ULVAC, Inc.
     300       5  
USC Corp.
     1,000       10  
 
                
 
             78  
Software & Services 1.3%
                
CSK Holdings Corp.
     1,000       4  
eAccess Ltd.
     12       8  
Fuji Soft, Inc.
     1,000       18  
IT Holdings Corp. *
     1,790       26  
ITOCHU Techno-Solutions Corp.
     400       9  
Koei Co., Ltd.
     1,000       10  
NEC Fielding Ltd.
     1,000       12  

14

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Net One Systems Co., Ltd.
     9       16  
Nihon Unisys Ltd.
     1,000       8  
OBIC Co., Ltd.
     40       6  
OTSUKA Corp.
     200       9  
Square Enix Co., Ltd.
     300       8  
Trans Cosmos, Inc.
     1,000       6  
Trend Micro, Inc. *
     1,000       27  
Yahoo! Japan Corp.
     19       6  
 
                
 
             173  
Technology Hardware & Equipment 2.5%
                
Anritsu Corp.
     2,000       4  
Cmk Corp.
     1,000       3  
Dainippon Screen Mfg. Co., Ltd.
     5,000       9  
Daiwabo Information System Co., Ltd.
     1,000       31  
Hamamatsu Photonics K.K.
     1,000       17  
Hirose Electric Co., Ltd.
     300       28  
Hitachi Kokusai Electric, Inc.
     1,000       6  
Hitachi Maxell Ltd.
     1,000       8  
Hosiden Corp.
     1,000       12  
Japan Aviation Electronics Industry Ltd.
     1,000       4  
Japan Radio Co., Ltd.
     4,000       6  
Kaga Electronics Co., Ltd.
     1,000       11  
Mabuchi Motor Co., Ltd.
     500       19  
Marubun Corp.
     2,000       6  
Mitsumi Electric Co., Ltd.
     1,000       13  
NEC Tokin Corp. *
     1,000       2  
Nichicon Corp.
     2,000       13  
Nidec Sankyo Corp.
     1,000       4  
Nippon Chemi-Con Corp.
     3,000       6  
Ryoden Trading Co., Ltd.
     2,000       11  
Ryosan Co., Ltd.
     1,000       22  
Ryoyo Electro Corp.
     1,000       8  
Sanshin Electronics Co., Ltd.
     1,000       7  
Satori Electric Co., Ltd.
     1,000       4  
Shimadzu Corp.
     2,000       12  
Shinko Shoji Co., Ltd.
     1,000       8  
Star Micronics Co., Ltd.
     1,000       9  
Taiyo Yuden Co., Ltd.
     3,000       17  
Topcon Corp.
     1,000       4  
Toshiba Tec Corp.
     3,000       9  
Uniden Corp.
     2,000       3  
Yamatake Corp.
     1,000       18  
YASKAWA Electric Corp.
     2,000       7  
 
                
 
             341  
Transportation 1.9%
                
Daiichi Chuo Kisen Kaisha
     1,000       3  
Fukuyama Transporting Co., Ltd.
     4,000       18  
Hitachi Transport System Ltd.
     1,000       13  
Iino Kaiun Kaisha Ltd.
     1,000       6  
Japan Airport Terminal Co., Ltd.
     1,000       11  
Kamigumi Co., Ltd.
     4,000       32  
Kanagawa Chuo Kotsu Co., Ltd.
     1,000       6  
Keisei Electric Railway Co., Ltd.
     5,000       27  
Maruzen Showa Unyu Co., Ltd.
     1,000       3  
Mitsubishi Logistics Corp.
     2,000       20  
Mitsui-Soko Co., Ltd.
     2,000       8  
Nippon Konpo Unyu Soko Co., Ltd.
     1,000       10  
Nishi-Nippon Railroad Co., Ltd.
     8,000       33  
Nissin Corp.
     3,000       7  
Sagami Railway Co., Ltd.
     6,000       26  
Sankyu, Inc.
     5,000       16  
Senko Co., Ltd.
     2,000       7  
Shinwa Kaiun Kaisha Ltd.
     1,000       2  
The Sumitomo Warehouse Co., Ltd.
     3,000       13  
Tonami Transportation Co., Ltd.
     2,000       5  
 
                
 
             266  
Utilities 0.7%
                
Saibu Gas Co., Ltd.
     5,000       13  
Shizuoka Gas Co., Ltd.
     1,000       6  
The Okinawa Electric Power Co., Inc.
     1,000       69  
Tokai Corp.
     2,000       9  
 
                
 
             97  
 
                
 
             6,617  
 
                
Liechtenstein 0.1%
                
Banks 0.0%
                
Liechtensteinische Landesbank AG
     134       5  
Diversified Financials 0.1%
                
Verwaltungs-und Privat-Bank AG
     68       7  
 
                
 
             12  
 
                
Luxembourg 0.1%
                
Real Estate 0.0%
                
Gagfah S.A.
     883       3  
Telecommunication Services 0.0%
                
COLT Telecom Group S.A. *
     4,668       5  
Transportation 0.1%
                
Logwin AG *
     3,354       6  
 
                
 
             14  
 
                
Mauritius 0.1%
                
Food, Beverage & Tobacco 0.1%
                
Golden Agri-Resources Ltd.
     41,264       8  
Netherlands 2.1%
                
Capital Goods 0.4%
                
Aalberts Industries N.V.
     851       5  
Arcadis N.V.
     712       8  
Draka Holdings N.V.
     839       7  
Heijmans N.V. CVA
     1,214       9  
Imtech N.V.
     1,241       19  
Koninklijke Boskalis Westminster N.V. , CVA
     360       7  
Wavin N.V.
     1,357       4  
 
                
 
             59  

15

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Commercial & Professional Supplies 0.1%
                
USG People N.V.
     769       9  
Consumer Durables & Apparel 0.1%
                
Koninklijke Ten Cate N.V.
     443       8  
TomTom N.V. *
     638       3  
 
                
 
             11  
Diversified Financials 0.0%
                
Kas Bank N.V., CVA
     346       4  
Energy 0.2%
                
Fugro N.V., CVA
     362       10  
SBM Offshore N.V.
     1,492       18  
 
                
 
             28  
Food & Staples Retailing 0.1%
                
Sligro Food Group N.V.
     258       6  
Super De Boer *
     4,145       13  
 
                
 
             19  
Food, Beverage & Tobacco 0.1%
                
Koninklijike Wessanen N.V.
     2,040       12  
Health Care Equipment & Services 0.1%
                
OPG Groep N.V.
     797       9  
Materials 0.1%
                
James Hardie Industries N.V. CDI
     3,836       9  
Media 0.2%
                
Reed Elsevier N.V.
     2,117       23  
Real Estate 0.4%
                
Eurocommercial Properties N.V. CVA
     667       19  
Nieuwe Steen Investments N.V.
     548       9  
Vastned Offices/Industrial N.V.
     900       10  
VastNed Retail N.V.
     267       11  
 
                
 
             49  
Retailing 0.0%
                
Macintosh Retail Group N.V.
     550       6  
Semiconductors & Semiconductor Equipment 0.0%
                
ASM International N.V. *
     578       4  
Technology Hardware & Equipment 0.2%
                
Gemalto N.V. *
     1,128       28  
Oce N.V.
     1,972       5  
 
                
 
             33  
Transportation 0.1%
                
Koninklijke Vopak N.V.
     205       8  
Smit Internationale N.V.
     107       5  
 
                
 
             13  
 
                
 
             288  
 
New Zealand 0.6%
                
Consumer Durables & Apparel 0.0%
                
Fisher & Paykel Appliances Holdings Ltd.
     10,166       7  
Consumer Services 0.1%
                
Sky City Entertainment Group Ltd.
     7,207       11  
Health Care Equipment & Services 0.1%
                
Fisher & Paykel Healthcare Corp., Ltd.
     4,791       8  
Materials 0.1%
                
Nufarm Ltd.
     1,639       12  
Media 0.0%
                
Sky Network Television Ltd.
     2,512       5  
Real Estate 0.1%
                
Kiwi Income Property Trust
     13,716       7  
Retailing 0.0%
                
The Warehouse Group Ltd.
     2,299       4  
Transportation 0.1%
                
Air New Zealand Ltd.
     11,192       5  
Auckland International Airport Ltd.
     13,938       13  
 
                
 
             18  
Utilities 0.1%
                
Vector Ltd.
     7,288       8  
 
                
 
             80  
 
Norway 0.7%
                
Banks 0.1%
                
Sparebanken 1 SMN
     1,136       4  
Sparebanken Rogaland
     1,421       6  
 
                
 
             10  
Capital Goods 0.1%
                
Renewable Energy Corp. A/S *
     648       6  
Veidekke A.S.A.
     1,928       8  
 
                
 
             14  
Commercial & Professional Supplies 0.0%
                
Tomra Systems A.S.A.
     1,678       6  
Consumer Durables & Apparel 0.1%
                
Ekornes A.S.A.
     737       7  
Diversified Financials 0.0%
                
Acta Holding A.S.A.
     1,053       —  
Energy 0.1%
                
Fred. Olsen Energy A.S.A.
     103       3  
Petroleum Geo-Services A.S.A. *
     1,385       4  
Solstad Offshore A.S.A.
     170       2  
Subsea 7, Inc. *
     323       2  
TGS Nopec Geophysical Co., A.S.A. *
     722       4  
 
                
 
             15  
Food, Beverage & Tobacco 0.1%
                
Cermaq A.S.A.
     986       4  
Marine Harvest *
     36,898       8  
 
                
 
             12  
Media 0.0%
                
Schibsted A.S.A.
     689       6  

16

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Technology Hardware & Equipment 0.1%
                
Tandberg A.S.A.
     747       9  
Transportation 0.1%
                
Odfjell SE, B Shares
     1,731       10  
Stolt-Nielsen S.A.
     619       7  
Wilh. Wilhelmsen A.S.A.
     191       2  
 
                
 
             19  
 
                
 
             98  
 
Portugal 0.2%
                
Banks 0.0%
                
Banif, SGPS, S.A. - Reg’d
     3,545       5  
Capital Goods 0.0%
                
Mota-Engil, SGPS, S.A.
     1,207       4  
Materials 0.1%
                
Semapa - Sociedade de Investimento e Gestao, SGPS, S.A.
     886       7  
Sonae Industria-SGPS, S.A.
     1,837       4  
 
                
 
             11  
Media 0.1%
                
Zon Multimedia-Servicos de Telecomunicacoes e Multimedia, SGPS S.A.
     1,757       9  
Retailing 0.0%
                
SAG GEST - Solucos Automovel Globais, SGPS, S.A.
     1,095       2  
 
                
 
             31  
 
Republic of Korea 0.1%
                
Transportation 0.1%
                
STX Pan Ocean Co., Ltd. *
     1,100       8  
 
Singapore 2.0%
                
Capital Goods 0.1%
                
Cosco Corp.(Singapore) Ltd.
     9,431       5  
Gallant Venture Ltd. *
     4,000       —  
Haw Par Corp., Ltd.
     2,000       5  
Hong Leong Asia Ltd.
     2,000       1  
Jaya Holdings Ltd.
     4,000       1  
SembCorp Marine Ltd.
     4,048       4  
 
                
 
             16  
Diversified Financials 0.3%
                
Hong Leong Finance Ltd.
     5,000       7  
Kim Eng Holdings Ltd.
     2,120       1  
Singapore Exchange Ltd.
     7,000       24  
UOB-Kay Hian Holdings Ltd.
     4,696       3  
 
                
 
             35  
Energy 0.1%
                
Singapore Petroleum Co., Ltd.
     6,000       10  
Food & Staples Retailing 0.0%
                
Olam International Ltd.
     8,000       6  
Food, Beverage & Tobacco 0.1%
                
Cerebos Pacific Ltd.
     2,000       4  
Wilmar International Ltd.
     2,000       4  
 
                
 
             8  
Health Care Equipment & Services 0.0%
                
Parkway Holdings Ltd.
     5,866       4  
Insurance 0.0%
                
Pacific Century Regional Developments Ltd.
     10,000       1  
Real Estate 0.6%
                
Allgreen Properties Ltd.
     9,000       3  
Ascendas Real Estate Investment Trust (A-REIT)
     13,000       12  
CapitaCommercial Trust
     8,000       5  
CapitaMall Trust
     9,000       9  
Fortune REIT
     10,000       3  
Guocoland Ltd.
     6,000       4  
Keppel Land Ltd.
     4,000       4  
Singapore Land Ltd.
     2,000       4  
Suntec Real Estate Investment Trust
     29,000       13  
United Industrial Corp., Ltd.
     5,000       4  
UOL Group Ltd.
     10,000       13  
Wheelock Properties (S) Ltd.
     5,221       3  
Wing Tai Holdings Ltd.
     5,000       2  
Yanlord Land Group Ltd.
     9,000       6  
 
                
 
             85  
Semiconductors & Semiconductor Equipment 0.1%
                
Chartered Semiconductor Manufacturing Ltd. *
     24,000       4  
STATS ChipPAC Ltd. *
     14,000       4  
 
                
 
             8  
Technology Hardware & Equipment 0.1%
                
Creative Technology Ltd. *
     1,750       5  
Elec & Eltek International Co., Ltd.
     2,000       2  
Venture Corp., Ltd.
     4,000       10  
 
                
 
             17  
Telecommunication Services 0.1%
                
MobileOne Ltd.
     8,000       9  
StarHub Ltd.
     6,000       8  
 
                
 
             17  
Transportation 0.5%
                
Chuan Hup Holdings Ltd.
     67,000       8  
ComfortDelGro Corp., Ltd.
     35,000       34  
SIA Engineering Co., Ltd.
     3,205       4  
Singapore Airport Terminal Services Ltd.
     4,749       4  
Singapore Post Ltd.
     23,000       12  
SMRT Corp., Ltd.
     7,000       7  
 
                
 
             69  
 
                
 
             276  

17

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Spain 1.6%
                
Banks 0.2%
                
Banco de Valencia S.A.
     768       7  
Banco Guipuzcoano S.A. - Reg’d
     754       5  
Banco Pastor S.A.
     1,472       9  
 
                
 
             21  
Capital Goods 0.3%
                
Abengoa S.A.
     501       8  
Gamesa Corp. Tecnologica S.A.
     749       12  
Obrascon Huarte Lain S.A.
     678       8  
Uralita S.A.
     902       5  
Zardoya Otis S.A.
     624       11  
 
                
 
             44  
Commercial & Professional Supplies 0.1%
                
Prosegur, Compania de Seguridad S.A. - Reg’d
     241       7  
Consumer Durables & Apparel 0.0%
                
La Seda de Barcelona S.A., Class B *
     4,611       2  
Consumer Services 0.1%
                
NH Hoteles S.A.
     1,786       8  
Sol Melia S.A.
     1,003       5  
 
                
 
             13  
Diversified Financials 0.1%
                
Bolsas y Mercados Espanoles
     308       7  
Corporacion Financiera Alba S.A.
     301       10  
 
                
 
             17  
Food, Beverage & Tobacco 0.3%
                
Campofrio Alimentacion S.A.
     496       6  
Ebro Puleva S.A.
     1,913       24  
Pescanova S.A.
     142       5  
Sos Cuetara S.A.
     510       6  
 
                
 
             41  
Insurance 0.1%
                
Grupo Catalana Occidente S.A.
     448       7  
Materials 0.1%
                
Cementos Portland Valderrivas S.A.
     116       3  
Cie Automotive S.A.
     1,044       4  
Grupo Empresarial Ence S.A.
     1,920       6  
 
                
 
             13  
Media 0.1%
                
Antena 3 de Television S.A.
     1,003       5  
Gestevision Telecinco S.A.
     93       1  
Promotora de Informaciones S.A. (Prisa)
     1,317       3  
Vocento S.A.
     1,103       5  
 
                
 
             14  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Grifols S.A.
     476       8  
Real Estate 0.0%
                
Inmobiliaria Colonial S.A. *
     2,978       1  
Parquesol Inmobiliaria S.A.
     172       1  
 
                
 
             2  
Software & Services 0.1%
                
Indra Sistemas S.A.
     785       16  
Transportation 0.0%
                
Cintra Concesiones de Infraestructuras de Transporte S.A.
     810       4  
Utilities 0.0%
                
Iberdrola Renovables S.A. *
     968       4  
 
                
 
             213  
 
Sweden 1.6%
                
Capital Goods 0.3%
                
Alfa Laval AB
     2,327       16  
Cardo AB
     409       6  
Haldex AB
     1,565       6  
Hexagon AB, Class B
     1,195       4  
Hexpol AB *
     25       —  
Lindab International AB
     977       5  
Peab AB
     1,629       5  
Saab AB, Class B
     847       8  
 
                
 
             50  
Commercial & Professional Supplies 0.0%
                
Niscayah Group AB
     5,734       4  
Consumer Durables & Apparel 0.0%
                
JM AB
     1,005       5  
Diversified Financials 0.2%
                
D. Carnegie & Co. AB (a)(b)
     851       —  
Investment AB Oresund
     949       8  
Ratos AB, B Shares
     1,162       15  
 
                
 
             23  
Energy 0.1%
                
Lundin Petroleum AB *
     1,244       6  
PA Resources AB *
     1,117       2  
 
                
 
             8  
Food & Staples Retailing 0.1%
                
Axfood AB
     505       10  
Hakon Invest AB
     784       8  
 
                
 
             18  
Food, Beverage & Tobacco 0.2%
                
AarhusKarlshamn AB
     383       6  
Swedish Match AB
     1,498       20  
 
                
 
             26  
Health Care Equipment & Services 0.1%
                
Getinge AB, Class B
     1,315       18  
Materials 0.1%
                
Billerud
     1,579       3  

18

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Hoganas AB, B Shares
     611       5  
 
                
 
             8  
Media 0.1%
                
Eniro AB
     3,357       4  
Modern Times Group MTG AB, B Shares
     286       5  
 
                
 
             9  
Real Estate 0.3%
                
Castellum AB
     1,651       11  
Fabege AB
     2,790       9  
Hufvudstaden AB, A Shares
     925       5  
Kungsleden AB
     2,643       14  
Lennart Wallenstam Byggnads AB, B Shares
     648       5  
 
                
 
             44  
Retailing 0.1%
                
Bilia AB, A Shares
     1,109       2  
Nobia AB
     2,803       6  
 
                
 
             8  
 
                
 
             221  
 
                
Switzerland 3.2%
                
Automobiles & Components 0.1%
                
Rieter Holding AG – Reg’d
     80       9  
Banks 0.3%
                
Banque Cantonale Vaudoise – Reg’d
     28       8  
Basler Kantonalbank
     266       26  
Luzerner Kantonalbank – Reg’d
     22       5  
St. Galler Kantonalbank – Reg’d
     20       6  
 
                
 
             45  
Capital Goods 0.6%
                
Bucher Industries AG – Reg’d
     67       6  
Conzzeta AG
     2       3  
Daetwyler Holding AG *
     151       6  
Geberit AG – Reg’d
     280       27  
Georg Fischer AG – Reg’d *
     59       10  
Implenia AG *
     376       9  
Kaba Holding AG, Class B – Reg’d
     34       7  
OC Oerlikon Corp. AG – Reg’d *
     99       3  
Sulzer AG – Reg’d
     265       13  
 
                
 
             84  
Consumer Durables & Apparel 0.1%
                
AFG Arbonia-Forster Holding AG
     30       3  
Forbo Holding AG – Reg’d *
     33       5  
 
                
 
             8  
Consumer Services 0.1%
                
Kuoni Reisen Holding AG – Reg’d
     34       10  
Diversified Financials 0.1%
                
Bank Sarasin & Cie AG Class B – Reg’d
     288       7  
Compagnie Financiere Tradition
     4       —  
EFG International AG
     390       5  
Vontobel Holding AG
     388       6  
 
                
 
             18  
Food, Beverage & Tobacco 0.5%
                
Aryzta AG *
     553       14  
Aryzta AG – Reg’d *
     416       10  
Barry Callebaut AG – Reg’d *
     15       7  
Bell Holding AG – Reg’d
     5       6  
Emmi AG – Reg’d
     51       5  
Lindt & Spruengli AG
     4       7  
Lindt & Spruengli AG – Reg’d
     1       19  
 
                
 
             68  
Health Care Equipment & Services 0.2%
                
Galenica AG – Reg’d
     31       10  
Nobel Biocare Holding AG – Reg’d
     466       7  
Sonova Holding AG – Reg’d
     242       12  
Straumann Holding AG – Reg’d
     41       6  
 
                
 
             35  
Insurance 0.1%
                
Schweizerische Naional-Versicherungs-Gesellschaft – Reg’d
     19       10  
Materials 0.2%
                
EMS-Chemie Holding AG
     196       14  
Schmolz & Bickenbach AG – Reg’d
     163       3  
Sika AG
     7       5  
 
                
 
             22  
Media 0.0%
                
PubliGroupe S.A. – Reg’d
     43       3  
Pharmaceuticals, Biotechnology & Life Sciences 0.3%
                
Actelion Ltd. – Reg’d *
     154       8  
Lonza Group AG – Reg’d
     317       29  
 
                
 
             37  
Real Estate 0.2%
                
Allreal Holding AG – Reg’d
     47       5  
PSP Swiss Property AG – Reg’d *
     403       17  
Swiss Prime Site AG – Reg’d *
     164       7  
 
                
 
             29  
Retailing 0.2%
                
Charles Vogele Holding AG *
     126       3  
Jelmoli Holding AG
     5       10  
Valora Holding AG – Reg’d
     86       13  
 
                
 
             26  
Semiconductors & Semiconductor Equipment 0.0%
                
Micronas Semiconductor Holding AG – Reg’d *
     1,887       6  
Technology Hardware & Equipment 0.1%
                
Logitech International S.A. – Reg’d *
     987       10  

19

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Transportation 0.1%
                
Flughafen Zuerich AG – Reg’d
     19       4  
Panalpina Welttransport Holding AG – Reg’d
     165       8  
 
                
 
             12  
Utilities 0.0%
                
Energiedienst Holding AG – Reg’d *
     60       2  
 
                
 
             434  
 
Thailand 0.0%
                
Telecommunication Services 0.0%
                
Total Access Communication Public Co., Ltd.
     4,800       4  
 
United Kingdom 10.4%
                
Banks 0.0%
                
Paragon Group Cos. plc
     6,450       4  
Capital Goods 1.8%
                
Ashtead Group plc
     13,586       8  
Bodycote plc
     3,411       6  
BSS Group plc
     1,767       7  
Carillion plc
     5,118       17  
Charter International plc
     1,097       6  
Cobham plc
     12,494       39  
Cookson Group plc
     2,609       4  
Fenner plc
     3,292       3  
Galliford Try plc
     9,463       5  
Interserve plc
     2,485       7  
Invensys plc *
     8,151       18  
Keller Group plc
     1,112       10  
Kier Group plc
     845       12  
Meggitt plc
     5,369       11  
Melrose plc
     38,499       37  
Morgan Crucible Co. plc
     3,198       4  
Morgan Sindall plc
     609       5  
Qinetiq plc
     7,268       16  
SIG plc
     1,404       2  
Spirax-Sarco Engineering plc
     742       9  
The Weir Group plc
     1,729       8  
Ultra Electronics Holdings plc
     418       7  
VT Group plc
     1,335       11  
 
                
 
             252  
Commercial & Professional Supplies 1.1%
                
Aggreko plc
     1,457       8  
Babcock International Group plc
     1,300       9  
Capita Group plc
     3,268       33  
De La Rue plc
     1,045       14  
Homeserve plc
     388       6  
Intertek Group plc
     1,018       13  
Michael Page International plc
     2,379       8  
Mitie Group plc
     3,195       9  
Regus plc
     6,918       5  
Serco Group plc
     3,862       24  
Shanks Group plc
     3,523       5  
The Davis Service Group plc
     3,668       13  
WS Atkins plc
     660       5  
 
                
 
             152  
Consumer Durables & Apparel 0.5%
                
Aga Rangemaster Group plc
     3,983       4  
Bovis Homes Group plc
     2,703       15  
Burberry Group plc
     3,721       14  
Headlam Group plc
     1,578       5  
Redrow plc
     4,586       10  
The Berkeley Group Holdings plc *
     1,747       20  
 
                
 
             68  
Consumer Services 0.5%
                
Greene King plc
     3,281       20  
Holidaybreak plc
     1,948       6  
J.D. Wetherspoon plc
     3,079       15  
Luminar Group Holdings plc
     3,262       5  
Marston’s plc
     7,543       11  
Millennium & Copthorne Hotels plc
     2,724       9  
Restaurant Group plc
     3,982       6  
 
                
 
             72  
Diversified Financials 0.5%
                
Aberdeen Asset Management plc
     8,246       15  
Ashmore Group plc
     2,307       4  
Cattles plc
     22,718       4  
F&C Asset Management plc
     6,974       7  
Henderson Group plc
     5,945       7  
HSBC Infrastructure Co., Ltd.
     6,673       11  
Intermediate Capital Group plc
     869       5  
London Stock Exchange Group plc
     656       5  
Tullett Prebon plc
     3,390       7  
 
                
 
             65  
Energy 0.7%
                
Acergy S.A.
     987       6  
Burren Energy plc (b)*
     397       7  
Cairn Energy plc *
     248       7  
Dana Petroleum plc *
     471       6  
Hunting plc
     1,392       8  
John Wood Group plc
     2,430       7  
Petrofac Ltd.
     880       5  
Premier Oil plc *
     495       5  
Tullow Oil plc
     2,614       26  
UK Coal plc *
     3,522       6  
Venture Production plc
     1,172       10  
 
                
 
             93  
Food, Beverage & Tobacco 0.4%
                
Britvic plc
     3,494       11  
Dairy Crest Group plc
     2,896       8  
Greggs plc
     171       9  
Northern Foods plc
     16,661       13  
Premier Foods plc
     12,227       5  
Robert Wiseman Dairies plc
     1,203       6  

20

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Uniq plc *
     3,567       1  
 
                
 
             53  
 
                
Health Care Equipment & Services 0.1%
                
Southern Cross Healthcare Ltd.
     4,515       5  
SSL International plc
     1,563       12  
 
                
 
             17  
 
                
Household & Personal Products 0.1%
                
McBride plc
     6,655       12  
PZ Cussons plc
     2,447       7  
 
                
 
             19  
 
                
Insurance 0.9%
                
Admiral Group plc
     812       10  
Amlin plc
     8,328       46  
Beazley Group plc
     4,911       9  
Brit Insurance Holdings plc
     8,075       24  
Chaucer Holdings plc
     6,730       4  
Jardine Lloyd Thompson Group plc
     3,135       20  
St. James’s Place plc
     1,700       5  
 
                
 
             118  
 
                
Materials 0.3%
                
Croda International plc
     1,058       8  
DS Smith plc
     13,415       16  
Filtrona plc
     2,954       5  
Marshalls plc
     2,795       3  
RPC Group plc
     2,985       6  
Yule Catto & Co. plc
     8,572       6  
 
                
 
             44  
 
                
Media 0.5%
                
Euromoney Institutional Investor plc
     1,277       5  
Informa plc
     5,250       18  
Johnston Press plc
     25,387       3  
Reed Elsevier plc
     3,561       27  
St. Ives plc
     3,209       3  
Taylor Nelson Sofres plc
     5,062       18  
 
                
 
             74  
 
                
Real Estate 0.6%
                
Big Yellow Group plc
     1,765       4  
Brixton plc
     6,432       8  
Capital & Regional plc
     3,756       2  
CLS Holdings plc *
     1,351       6  
Daejan Holdings plc
     187       6  
Derwent London plc
     548       5  
Eurocastle Investment Ltd.
     11,628       6  
Grainger plc
     2,807       4  
Great Portland Estates plc
     2,703       9  
Invista Foundation Property Trust Ltd.
     23,631       5  
Mapeley Ltd.
     2,199       2  
Minerva plc *
     7,823       2  
Quintain Estates & Development plc
     11,034       4  
Savills plc
     1,907       7  
Shaftesbury plc
     1,665       6  
St. Modwen Properties plc
     2,041       3  
Unite Group plc
     3,097       3  
Warner Estate Holdings plc
     1,185       —  
Workspace Group plc
     6,352       2  
 
                
 
             84  
 
                
Retailing 0.7%
                
Carpetright plc
     823       5  
Debenhams plc
     25,254       12  
Findel plc
     3,938       3  
Galiform plc
     28,332       5  
GAME GROUP plc
     3,074       6  
Halfords Group plc
     3,587       13  
HMV Group plc
     5,676       11  
JJB Sports plc
     14,184       2  
John Menzies plc
     1,219       1  
Lookers plc
     10,946       4  
N Brown Group plc
     2,531       7  
Pendragon plc
     50,173       2  
Smiths News plc
     5,209       4  
Sports Direct International
     9,669       7  
WH Smith plc
     3,040       15  
Woolworths Group plc (a)(b)
     165,675       —  
 
                
 
             97  
 
                
Semiconductors & Semiconductor Equipment 0.2%
                
ARM Holdings plc
     10,430       14  
CSR plc *
     2,006       5  
 
                
 
             19  
 
                
Software & Services 0.3%
                
Computacenter plc
     6,008       10  
Dimension Data Holdings plc
     16,722       9  
Misys plc
     10,397       17  
 
                
 
             36  
 
                
Technology Hardware & Equipment 0.4%
                
Halma plc
     4,166       11  
Laird plc
     3,675       5  
Premier Farnell plc
     6,935       13  
Renishaw plc
     884       4  
Rotork plc
     509       5  
Spectris plc
     1,295       9  
TT electronics plc
     13,040       6  
 
                
 
             53  
 
                
Telecommunication Services 0.2%
                
Inmarsat plc
     2,407       14  
KCOM Group plc
     22,007       5  
 
                
 
             19  
 
                
Transportation 0.5%
                
Air Berlin plc *
     1,010       5  
Avis Europe plc *
     35,071       2  
BBA Aviation plc
     12,787       13  
Forth Ports plc
     310       3  
Northgate plc
     5,571       6  

21

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Stagecoach Group plc
     9,682       17  
The Go-Ahead Group plc
     766       11  
Wincanton plc
     3,048       7  
 
                
 
             64  
Utilities 0.1%
                
Northumbrian Water Group plc
     5,055       17  
 
                
 
             1,420  
 
                
Total Common Stock
(Cost $20,844)
             13,423  
 
                
Other Investment Companies 0.4% of net assets
                
 
Australia 0.0%
                
Australian Infrastructure Fund
     5,335       6  
 
Canada 0.1%
                
CML Healthcare Income Fund
     912       9  
 
United States 0.3%
                
iShares MSCI EAFE Index Fund
     1,000       39  
 
                
Total Other Investment Companies
(Cost $70)
             54  
 
                
Preferred Stock 0.2% of net assets
                
 
Germany 0.2%
                
Capital Goods 0.1%
                
Jungheinrich AG
     717       8  
Consumer Durables & Apparel 0.0%
                
Hugo Boss AG
     243       4  
Healthcare – Services 0.1%
                
Draegerwerk AG & Co. KGAA
     277       7  
Materials 0.0%
                
Fuchs Petrolub AG
     105       4  
Transportation 0.0%
                
Sixt AG
     467       5  
 
                
Total Preferred Stock
(Cost $62)
             28  
 
                
Rights 0.0% of net assets
                
 
Australia 0.0%
                
Utilities 0.0%
                
Envestra Ltd. (a)*
     5,880       —  
 
Germany 0.0%
                
Diversified Financials 0.0%
                
MPC Muenchmeyer Petersen Capital AG (a)(b)*
     92       —  
Singapore 0.0%
                
Real Estate 0.0%
                
Ascendas Real Estate Investment Trust (A-REIT) (a)*
     866       —  
 
Spain 0.0%
                
Real Estate 0.0%
                
Inmobiliaria Colonial S.A. (b)*
     2,978       —  
United Kingdom 0.0%
                
Insurance 0.0%
                
Chaucer Holdings plc (a)*
     3,533       —  
 
                
Total Rights
(Cost $–)
             —  
 
                
Warrants 0.0% of net assets
                
Bermuda 0.0%
                
Capital Goods 0.0%
                
PYI Corp. *
     3,333       —  
 
                
Total Warrants
(Cost $–)
             —  
 
                
                 
Security   Face Amount     Value  
Rate, Maturity Date
   ($ x 1,000)     ($ x 1,000)  
Short-Term Investment 0.8% of net assets
                
Commercial Paper & Other Obligations 0.8%
                
Citibank, London Time Deposit
               
0.07%, 02/02/09
     111       111  
 
              
Total Short-Term Investment
(Cost $111)
             111  
 
              
End of Investments.
(All dollar amounts are x 1,000)
At of 01/31/09, the tax basis cost of the fund’s investments was $21,680, and the unrealized appreciation and depreciation were $444 and ($8,508), respecitively, with a net unrealized depreciation of ($8,064). As of 01/31/09, the prices of certain foreign securities held by the fund aggregating $12,531 were adjusted from their market prices following the guidelines adopted by the fund’s Board of Trustees.
 
*   Non-income producing security.
 
(a)   Fair-valued by Management.
 
(b)   Illiquid security. At the period end, the value of these amounted to $26 or 0.2% of net assets.
 
CDI –  CHESS Depository Interest

22

 

Schwab Fundamental International Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
 
CVA – Dutch Certificate
 
Reg’d – Registered
 
REIT – Real Estate Investment Trust
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 949  
Level 2 - Other Significant Observable Inputs
     12,642  
Level 3 - Significant Unobservable Inputs
     25  
 
      
Total
   $ 13,616  
 
      
 
*   The fund had no other financial instruments.
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
         
    Value of  
    Investment in  
    Securities  
Balance as of 10/31/08
   $ 36  
Accrued discount/premiums
     —  
Realized gain (loss)
     3  
Change in unrealized appreciation (depreciation)
     (31 )
Net purchases (sales)
     (13 )
Transfer in and/or out of Level 3
     30  
 
      
Balance as of 1/31/09
   $ 25  
 
      
REG46849JAN09

23

 

Schwab Capital Trust
Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  83.4 %  
Common Stock
     42,111       30,270  
  8.6 %  
Preferred Stock
     4,591       3,120  
  4.8 %  
Other Investment Company
     1,780       1,742  
  5.8 %  
Short-Term Investments
     2,122       2,122  
  102.6 %  
Total Investments
     50,604       37,254  
  (2.6 )%  
Other Assets and Liabilities Net
             (957 )
  100.0 %  
Net Assets
             36,297  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 83.4% of net assets
                
 
                
Argentina 0.2%
                
Energy 0.1%
                
Petrobras Energia Participaciones S.A.
     49,401       33  
Materials 0.0%
                
Siderar S.A.I.C., Class A
     2,000       7  
Telecommunication Services 0.1%
                
Telecom Argentina S.A., Class B *
     6,334       11  
 
                
 
             51  
 
                
Brazil 3.2%
                
Banks 0.4%
                
Banco do Brasil S.A.
     14,300       88  
Banco Nossa Caixa S.A.
     2,000       59  
 
                
 
             147  
Capital Goods 0.1%
                
Empresa Brasileira de Aeronautica S.A.
     5,700       21  
Energy 0.9%
                
Petroleo Brasileiro S.A.
     24,000       314  
Food, Beverage & Tobacco 0.1%
                
Companhia de Bebidas das Americas
     100       4  
Souza Cruz S.A.
     1,600       32  
 
                
 
             36  
Materials 0.6%
                
Companhia Siderurgica Nacional S.A.
     6,800       103  
Companhia Vale do Rio Doce
     8,700       122  
Gerdau S.A.
     800       4  
Usinas Siderurgicas de Minas Gerais S.A.
     1,000       12  
 
                
 
             241  
Telecommunication Services 0.3%
                
Brasil Telecom Participacoes S.A.
     1,500       39  
Tele Norte Leste Participacoes S.A.
     1,500       23  
Telesp – Telecomunicacoes de Sao Paulo S.A.
     1,700       26  
Tim Participacoes S.A. *
     2,900       9  
 
                
 
             97  
Utilities 0.8%
                
Centrais Eletricas Brasileiras S.A.
     21,100       238  
Companhia de Saneamento Basico do Estado de Sao Paulo
     2,300       25  
Companhia Energetica de Minas Gerais
     404       4  
CPFL Energia S.A.
     800       10  
Tractebel Energia S.A.
     4,300       33  
 
                
 
             310  
 
                
 
             1,166  
 
                
Chile 1.1%
                
Banks 0.1%
                
Banco Santander Chile S.A.
     863,914       29  
Capital Goods 0.2%
                
Empresas Copec S.A.
     7,885       64  
Food & Staples Retailing 0.0%
                
Cencosud S.A.
     8,244       15  
Retailing 0.1%
                
S.A.C.I. Falabella S.A.
     8,099       23  
Utilities 0.7%
                
Empresa Nacional de Electricidad S.A.
     69,319       87  
Enersis S.A.
     546,234       159  
 
                
 
             246  
 
                
 
             377  
 
                
China 19.6%
                
Automobiles & Components 0.0%
                
Dongfeng Motor Group Co., Ltd., Class H
     46,000       16  
Banks 4.0%
                
Bank of China Ltd., Class H
     1,018,000       267  
Bank of Communications Co., Ltd., Class H
     117,000       76  

1

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
China CITIC Bank, Class H
     199,000       74  
China Construction Bank Corp., Class H
     1,175,000       573  
China Merchants Bank Co., Ltd., Class H
     37,500       60  
Industrial & Commercial Bank of China Ltd., Class H
     944,000       399  
 
                
 
             1,449  
Capital Goods 0.6%
                
China Communications Construction Co., Ltd., Class H
     16,000       15  
China International Marine Containers (Group) Co., Ltd., Class B
     54,000       29  
China Railway Group Ltd., Class H *
     268,000       151  
Shanghai Electric Group Co., Ltd., Class H *
     26,000       8  
 
                
 
             203  
Energy 10.9%
                
China Coal Energy Co., Class H
     53,000       38  
China Petroleum & Chemical Corp., Class H
     1,264,000       682  
China Shenhua Energy Co., Ltd., Class H
     131,000       279  
PetroChina Co., Ltd., Class H
     3,979,000       2,937  
Yanzhou Coal Mining Co., Ltd., Class H
     28,000       18  
 
                
 
             3,954  
Insurance 2.1%
                
China Life Insurance Co., Ltd., Class H
     156,000       410  
PICC Property & Casualty Co., Ltd., Class H *
     26,000       12  
Ping An Insurance (Group) Co., of China Ltd., Class H
     78,000       338  
 
                
 
             760  
Materials 0.5%
                
Aluminum Corp. of China Ltd., Class H
     115,000       52  
Angang Steel Co., Ltd., Class H
     38,000       37  
Jiangxi Copper Co., Ltd., Class H
     14,000       9  
Maanshan Iron & Steel Co., Ltd., Class H
     125,000       41  
Sinopec Shanghai Petrochemical Co., Ltd., Class H
     156,000       36  
 
                
 
             175  
Telecommunication Services 0.4%
                
China Telecom Corp., Ltd., Class H
     402,000       146  
Transportation 0.4%
                
Air China Ltd., Class H
     50,000       13  
China COSCO Holdings Co., Ltd., Class H
     46,000       28  
China Shipping Container Lines Co., Ltd., Class H
     239,000       38  
China Shipping Development Co. Ltd., Class H
     11,000       11  
China Southern Airlines Co., Ltd., Class H *
     63,500       10  
Jiangsu Expressway Co., Ltd., Class H
     51,000       36  
Zhejiang Expressway Co., Ltd., Class H
     28,000       16  
 
                
 
             152  
Utilities 0.7%
                
Datang International Power Generation Co., Ltd., Class H
     129,000       64  
Huadian Power International Corp., Ltd., Class H
     130,000       28  
Huaneng Power International, Inc., Class H
     251,000       180  
 
                
 
             272  
 
                
 
             7,127  
 
                
Columbia 0.0%
                
Diversified Financials 0.0%
                
Suramericana de Inversiones S.A.
     1,429       9  
 
Czech Republic 0.3%
                
Banks 0.0%
                
Komercni Banka A/S
     160       18  
Materials 0.0%
                
Unipetrol A/S
     900       5  
Telecommunication Services 0.2%
                
Telefonica 02 Czech Republic A/S
     2,900       54  
Utilities 0.1%
                
CEZ
     900       31  
 
                
 
             108  
 
                
Hungary 0.2%
                
Banks 0.1%
                
OTP Bank Nyrt. *
     2,975       29  
Energy 0.1%
                
MOL Hungarian Oil & Gas Nyrt.
     924       36  
Telecommunication Services 0.0%
                
Magyar Telekom Telecommunications plc
     6,933       17  
 
                
 
             82  
 
                
India 3.3%
                
Banks 0.4%
                
Bank of Baroda
     2,531       13  
Canara Bank Ltd.
     5,588       20  
ICICI Bank Ltd.
     5,025       42  
Punjab National Bank Ltd.
     1,026       8  

2

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
State Bank of India
     2,009       47  
 
                
 
             130  
Capital Goods 0.2%
                
Bharat Heavy Electricals Ltd.
     998       27  
Larsen & Toubro Ltd.
     2,082       29  
Tata Motors Ltd.
     3,993       12  
 
                
 
             68  
Energy 1.2%
                
Bharat Petroleum Corp., Ltd.
     7,423       59  
Hindustan Petroleum Corp., Ltd.
     19,236       111  
Indian Oil Corp., Ltd.
     4,909       44  
Oil & Natural Gas Corp., Ltd.
     6,644       89  
Reliance Industries Ltd.
     5,179       139  
 
                
 
             442  
Food, Beverage & Tobacco 0.2%
                
ITC Ltd.
     24,683       91  
Household & Personal Products 0.2%
                
Hindustan Unilever Ltd.
     13,196       70  
Materials 0.3%
                
Grasim Industries Ltd.
     1,493       36  
Hindalco Industries Ltd.
     23,005       23  
Steel Authority of India Ltd.
     5,594       9  
Tata Steel Ltd.
     9,420       35  
 
                
 
             103  
Software & Services 0.4%
                
Infosys Technologies Ltd.
     4,841       127  
Tata Consultancy Services
     1,378       14  
Wipro Ltd.
     2,126       10  
 
                
 
             151  
Telecommunication Services 0.2%
                
Bharti Airtel Ltd. *
     3,516       45  
Mahanagar Telephone Nigam Ltd.
     11,605       17  
Reliance Communications Ltd.
     3,236       11  
 
                
 
             73  
Utilities 0.2%
                
Gail India Ltd.
     7,250       29  
NTPC Ltd.
     10,527       40  
 
                
 
             69  
 
                
 
             1,197  
 
                
Indonesia 0.8%
                
Automobiles & Components 0.1%
                
PT Astra International Tbk
     46,000       52  
Banks 0.3%
                
PT Bank Central Asia Tbk
     195,000       46  
PT Bank Danamon Indonesia Tbk
     13,000       3  
PT Bank Mandiri
     120,500       19  
PT Bank Rakyat Indonesia
     92,500       36  
 
                
 
             104  
Food, Beverage & Tobacco 0.0%
                
PT Gudang Garam Tbk
     22,500       10  
Telecommunication Services 0.4%
                
PT Indosat Tbk
     58,500       29  
PT Telekomunikasi Indonesia
     187,000       102  
 
                
 
             131  
 
                
 
             297  
 
                
Israel 1.9%
                
Banks 0.4%
                
Bank Hapoalim B.M. *
     55,182       99  
Bank Leumi Le-Israel
     18,285       33  
Israel Discount Bank, Class A
     6,107       5  
 
                
 
             137  
Capital Goods 0.1%
                
Discount Investment Corp. – Reg’d
     615       6  
IDB Development Corp., Ltd.
     2,067       19  
IDB Holding Corp., Ltd.
     1,995       26  
 
                
 
             51  
Materials 0.1%
                
Israel Chemicals Ltd.
     4,629       32  
The Israel Corp., Ltd.
     20       4  
 
                
 
             36  
Pharmaceuticals, Biotechnology & Life Sciences 1.0%
                
Teva Pharmaceutical Industries Ltd.
     8,781       363  
Telecommunication Services 0.3%
                
Bezeq Israeli Telecommunication Corp., Ltd.
     60,840       90  
 
                
 
             677  
 
                
Luxembourg 0.2%
                
Diversified Financials 0.0%
                
Reinet Investments SCA *
     2,855       2  
Energy 0.2%
                
Tenaris S.A.
     4,588       47  
 
                
 
             49  
 
                
Malaysia 2.9%
                
Banks 1.2%
                
Bumiputra-Commerce Holdings Berhad
     46,200       81  
Malayan Banking Berhad
     111,700       161  
Public Bank Berhad
     79,700       190  
 
                
 
             432  
Capital Goods 0.2%
                
Sime Darby Berhad
     50,000       76  
Consumer Services 0.1%
                
Genting Berhad
     45,000       46  
Food, Beverage & Tobacco 0.3%
                
British American Tobacco Malaysia Berhad
     5,800       71  

3

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
IOI Corp., Berhad
     28,900       31  
 
                
 
             102  
Telecommunication Services 0.3%
                
Telekom Malaysia Berhad
     28,500       25  
TM International Berhad *
     78,000       68  
 
                
 
             93  
Transportation 0.4%
                
MISC Berhad
     46,700       111  
PLUS Expressways Berhad
     40,200       32  
 
             143  
Utilities 0.4%
                
Petronas Gas Berhad
     13,100       35  
Tenaga Nasional Berhad
     27,200       44  
YTL Corp., Berhad
     19,100       37  
YTL Power International Berhad
     59,007       31  
 
                
 
             147  
 
                
 
             1,039  
 
                
Mexico 6.5%
                
Banks 0.1%
                
Grupo Financiero Banorte S.A.B. de C.V., Class O
     30,000       40  
Capital Goods 0.1%
                
Alfa S.A.B., Class A
     15,300       26  
Food & Staples Retailing 0.3%
                
Organizacion Soriana S.A.B de C.V., Series B *
     11,800       19  
Wal-Mart de Mexico S.A.B. de C.V., Series V
     40,700       85  
 
                
 
             104  
Food, Beverage & Tobacco 1.5%
                
Coca-Cola Femsa S.A.B. de C.V. (Femsa), Series L
     34,900       131  
Fomento Economico Mexicano S.A.B. de C.V.
     86,100       240  
Grupo Bimbo S.A.B. de C.V., Series A
     9,100       33  
Grupo Modelo, S.A. de C.V., Series C
     57,600       154  
 
                
 
             558  
Household & Personal Products 0.2%
                
Kimberly-Clark de Mexico S.A.B. de C.V., Class A
     22,900       75  
Materials 0.8%
                
Cemex S.A.B. de C.V. *
     274,800       214  
Grupo Mexico S.A.B. de C.V., Series B
     153,948       85  
 
                
 
             299  
Media 0.3%
                
Grupo Televisa S.A.
     35,000       98  
Telecommunication Services 3.2%
                
America Movil S.A.B. de C.V., Series L
     205,500       293  
Carso Global Telecom S.A.B. de C.V., Class A1 *
     49,600       179  
Telefonos de Mexico S.A.B. de C.V.
     499,100       442  
Telmex Internacional S.A.B. de C.V., Class L *
     490,300       232  
 
                
 
             1,146  
 
                
 
             2,346  
 
                
Philippines 0.0%
                
Banks 0.0%
                
Bank of the Philippine Islands
     9,000       6  
Telecommunication Services 0.0%
                
Philippine Long Distance Telephone Co.
     150       7  
 
                
 
             13  
 
                
Poland 1.3%
                
Banks 0.3%
                
Bank Handlowy w Warszawie S.A.
     674       7  
Bank Pekao S.A.
     1,527       47  
Bank Przemyslowo-Handlowy *
     781       8  
Powszechna Kasa Oszczednosci Bank Polski S.A.
     5,694       45  
 
                
 
             107  
Energy 0.5%
                
Polski Koncern Naftowy Orlen S.A.
     21,436       137  
Polskie Gornictwo Naftowe I Gazownictwo S.A.
     30,545       33  
 
                
 
             170  
Materials 0.1%
                
KGHM Polska Miedz S.A.
     2,913       25  
Telecommunication Services 0.4%
                
Telekomunikacja Polska S.A.
     26,813       151  
 
                
 
             453  
 
                
Republic of Korea 16.9%
                
Auto Manufacturers 1.6%
                
Hyundai Mobis *
     1,807       84  
Hyundai Motor Co.
     10,473       353  
Kia Motors Corp. *
     19,050       106  
Korea Kumho Petrochemical Co., Ltd. *
     1,900       29  
 
                
 
             572  
Banks 1.5%
                
Hana Financial Group, Inc.
     2,560       42  
Industrial Bank of Korea *
     3,130       19  
KB Financial Group, Inc. *
     10,782       289  
Korea Exchange Bank
     6,010       29  

4

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Shinhan Financial Group Co., Ltd. *
     7,140       144  
Woori Finance Holdings Co., Ltd. *
     5,140       29  
 
                
 
             552  
Capital Goods 3.3%
                
CJ Corp.
     498       12  
Daelim Industrial Co., Ltd. *
     687       23  
Daewoo Engineering & Construction Co., Ltd. *
     770       5  
Doosan Corp. *
     884       66  
Doosan Heavy Industries & Construction Co., Ltd. *
     199       10  
GS Engineering & Construction Corp.
     328       14  
Hyundai Engineering & Construction Co., Ltd. *
     853       35  
Hyundai Heavy Industries Co., Ltd.
     484       68  
Kumho Industrial Co., Ltd. *
     1,960       19  
LG Corp. *
     7,268       201  
LG International Corp.
     7,180       93  
LS Corp.
     1,005       54  
Samsung C & T Corp.
     4,550       133  
SK Holdings Co., Ltd.
     5,807       427  
SK Networks Co., Ltd. *
     3,628       24  
 
                
 
             1,184  
Consumer Durables & Apparel 0.7%
                
LG Electronics, Inc.
     5,104       261  
Diversified Financials 0.0%
                
Samsung Card Co., Ltd.
     417       11  
Energy 0.7%
                
GS Holdings Corp. *
     3,290       62  
S-Oil Corp.
     3,442       145  
SK Energy Co., Ltd.
     981       56  
 
                
 
             263  
Food & Staples Retailing 0.2%
                
Shinsegae Co., Ltd.
     209       67  
Food, Beverage & Tobacco 0.2%
                
KT&G Corp. *
     1,111       67  
Insurance 0.2%
                
Samsung Fire & Marine Insurance Co., Ltd.
     599       71  
Materials 1.8%
                
Dongkuk Steel Mill Co., Ltd.
     1,550       27  
Hanwha Corp. *
     3,749       77  
Hyosung Corp. *
     1,410       49  
Hyundai Steel Co.
     753       20  
LG Chem Ltd.
     1,949       112  
POSCO
     1,500       383  
 
                
 
             668  
Retailing 0.0%
                
Lotte Shopping Co., Ltd
     83       11  
Semiconductors & Semiconductor Equipment 3.5%
                
Hynix Semiconductor, Inc. *
     5,600       36  
Samsung Electronics Co., Ltd.
     3,590       1,248  
 
                
 
             1,284  
Technology Hardware & Equipment 0.4%
                
LG Display Co., Ltd.
     1,760       34  
Samsung SDI Co., Ltd.
     2,132       102  
 
                
 
             136  
Telecommunication Services 1.6%
                
KT Corp.
     7,760       222  
KT Freetel Co., Ltd. *
     3,370       71  
LG Dacom Corp.
     2,574       34  
LG Telecom Ltd. *
     5,354       36  
SK Telecom Co., Ltd.
     1,572       234  
 
                
 
             597  
Transportation 0.3%
                
Hanjin Shipping Co., Ltd. *
     2,790       39  
Hyundai Merchant Marine Co., Ltd. *
     1,140       26  
Korean Air Lines Co., Ltd. *
     1,043       26  
 
                
 
             91  
Utilities 0.9%
                
Korea Electric Power Corp. *
     13,770       278  
Korea Gas Corp. *
     906       34  
 
                
 
             312  
 
                
 
             6,147  
 
                
Russia 3.9%
                
Banks 0.1%
                
Sberbank GDR – Reg’d
     407       33  
VTB Bank OJSC GDR – Reg’d
     11,429       14  
 
                
 
             47  
Energy 3.5%
                
Gazprom ADR – Reg’d
     32,477       419  
LUKOIL ADR
     14,567       475  
Rosneft Oil Co. GDR
     22,142       69  
Surgutneftegaz ADR
     52,242       223  
Tatneft GDR
     2,157       71  
 
                
 
             1,257  
Materials 0.1%
                
Cherepovets MK Severstal GDR
     3,091       8  
Mining & Metallurgical Co., Norilsk Nickel
     10,227       42  
 
                
 
             50  
Telecommunication Services 0.1%
                
Mobile TeleSystems ADR
     1,420       30  
Sistema JSFC GDR
     2,406       9  
Vimpel-Communications ADR
     778       5  
 
                
 
             44  

5

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Utilities 0.1%
                
Federal Grid Co. Unified Energy System JSC GDR (b)*
     285       —  
RAO Unified Energy System of Russia GDR - Reg’d (a)*
     629       25  
 
                
 
             25  
 
                
 
             1,423  
 
                
South Africa 6.8%
                
Banks 1.4%
                
ABSA Group Ltd.
     10,335       93  
Nedbank Group Ltd.
     8,237       73  
Standard Bank Group Ltd.
     47,898       329  
 
                
 
             495  
Capital Goods 0.5%
                
Barloworld Ltd.
     17,723       58  
Bidvest Group Ltd.
     10,011       97  
Eqstra Holdings Ltd. *
     8,237       6  
 
                
 
             161  
Diversified Financials 0.8%
                
FirstRand Ltd.
     137,213       198  
Remgro Ltd.
     9,136       63  
RMB Holdings Ltd.
     18,403       41  
 
                
 
             302  
Energy 0.7%
                
Sasol
     9,480       252  
Food & Staples Retailing 0.1%
                
Pick’n Pay Stores Ltd.
     12,036       41  
Food, Beverage & Tobacco 0.2%
                
Tiger Brands Ltd.
     5,684       78  
Insurance 0.6%
                
Liberty Holdings Ltd.
     4,348       28  
Sanlam Ltd.
     129,364       204  
 
                
 
             232  
Materials 1.4%
                
Anglo Platinum Ltd.
     1,297       53  
ArcelorMittal South Africa Ltd.
     4,787       37  
Gold Fields Ltd.
     10,244       108  
Harmony Gold Mining Co., Ltd. *
     7,557       89  
Impala Platinum Holdings Ltd.
     6,312       72  
Mondi Ltd.
     24,231       76  
Sappi Ltd.
     24,384       79  
 
                
 
             514  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Adcock Ingram Holdings Ltd. *
     5,684       22  
Telecommunication Services 0.8%
                
MTN Group Ltd.
     16,852       160  
Telkom South Africa Ltd.
     12,682       143  
 
                
 
             303  
Transportation 0.2%
                
Imperial Holdings Ltd.
     16,146       81  
 
                
 
             2,481  
 
                
Taiwan 12.0%
                
Auto Manufacturers 0.1%
                
China Motor Corp.
     53,000       13  
Yulon Motor Co., Ltd.
     45,312       16  
 
                
 
             29  
Banks 1.4%
                
Chang Hwa Commercial Bank
     103,000       33  
China Development Financial Holding Corp.
     302,275       52  
Chinatrust Financial Holding Co., Ltd.
     230,158       76  
First Financial Holding Co., Ltd.
     122,612       53  
Hua Nan Financial Holdings Co., Ltd.
     125,040       59  
Mega Financial Holding Co., Ltd.
     340,000       100  
SinoPac Financial Holdings Co., Ltd.
     249,000       41  
Taishin Financial Holdings Co., Ltd.
     278,000       43  
Taiwan Cooperative Bank
     103,700       45  
 
                
 
             502  
Capital Goods 0.1%
                
Far Eastern Textile Ltd.
     77,640       48  
Consumer Durables & Apparel 0.2%
                
Pou Chen Corp.
     148,299       64  
Diversified Financials 0.4%
                
Fubon Financial Holding Co. Ltd.
     223,000       134  
Energy 0.2%
                
Formosa Petrochemical Corp.
     41,000       69  
Food & Staples Retailing 0.1%
                
President Chain Store Corp.
     11,000       26  
Food, Beverage & Tobacco 0.1%
                
Uni-President Enterprises Corp.
     74,450       58  
Insurance 0.3%
                
Cathay Financial Holding Co., Ltd.
     97,850       95  
Shin Kong Financial Holding Co., Ltd.
     97,899       23  
 
                
 
             118  
Materials 2.0%
                
China Steel Corp.
     365,200       247  
Formosa Chemicals & Fibre Corp.
     140,000       150  
Formosa Plastics Corp.
     122,000       174  
Nan Ya Plastics Corp.
     144,000       141  
Taiwan Cement Corp.
     26,100       17  
 
                
 
             729  
Semiconductors & Semiconductor Equipment 2.9%
                
Advanced Semiconductor Engineering, Inc.
     93,070       30  
Inotera Memories, Inc. *
     18,000       6  
MediaTek, Inc.
     15,050       109  

6

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Nanya Technology Corp. *
     138,000       23  
Powerchip Semiconductor Corp. *
     389,000       36  
ProMOS Technologies, Inc. (b)*
     382,000       17  
Siliconware Precision Industries Co.
     65,270       52  
Taiwan Semiconductor Manufacturing Co., Ltd.
     576,169       708  
United Microelectronics Corp.
     435,965       93  
 
                
 
             1,074  
Technology Hardware & Equipment 2.7%
                
Acer, Inc.
     120,660       150  
Asustek Computer, Inc.
     94,190       85  
AU Optronics Corp.
     169,049       120  
Chi Mei Optoelectronics Corp.
     104,150       32  
Chunghwa Picture Tubes Ltd.
     251,000       23  
Compal Electronics, Inc.
     208,425       106  
Delta Electronics, Inc.
     35,280       55  
Hon Hai Precision Industry Co., Ltd.
     104,950       185  
Inventec Co., Ltd.
     154,050       41  
Lite-On Technology Corp.
     101,210       61  
Qisda Corp.
     40,920       7  
Quanta Computer, Inc.
     92,020       87  
Tatung Co., Ltd. *
     147,000       24  
 
                
 
             976  
Telecommunication Services 1.3%
                
Chunghwa Telecom Co., Ltd.
     213,900       323  
Far EasTone Telecommunications Co., Ltd.
     62,622       61  
Taiwan Mobile Co., Ltd.
     53,000       74  
 
                
 
             458  
Transportation 0.2%
                
China Airlines *
     73,000       14  
Evergreen Marine Corp.
     66,000       26  
Wan Hai Lines Ltd.
     46,850       19  
Yang Ming Marine Transport
     85,699       23  
 
                
 
             82  
 
                
 
             4,367  
 
                
Thailand 1.2%
                
Banks 0.2%
                
Bangkok Bank Public Co., Ltd. - Reg’d
     6,800       14  
Kasikornbank Public Co., Ltd.
     6,300       8  
Krung Thai Bank Public Co., Ltd.
     138,800       16  
Siam Commercial Bank Public Co., Ltd.
     27,500       42  
 
                
 
             80  
Diversified Financials 0.1%
                
KGI Securities Thailand Public Co., Ltd.
     988,200       20  
Energy 0.5%
                
IRPC PCL
     300,100       16  
PTT Aromatics & Refining PCL
     74,900       21  
PTT Exploration & Production Public Co., Ltd.
     17,400       48  
PTT Public Co., Ltd.
     21,200       100  
Thai Oil Public Co., Ltd.
     28,500       20  
 
                
 
             205  
Materials 0.2%
                
Nakornthai Strip Mill Public Co., Ltd. *
     12,692,900       47  
PTT Chemical PCL
     8,600       8  
The Siam Cement Public Co., Ltd.
     4,100       12  
 
                
 
             67  
Telecommunication Services 0.2%
                
Advanced Info Service Public Co. Ltd.
     29,000       62  
Transportation 0.0%
                
Thai Airways International Public Co., Ltd.
     48,900       10  
 
                
 
             444  
 
                
Turkey 1.0%
                
Automobiles & Components 0.0%
                
Ford Otomotiv Sanayi A/S
     1,146       3  
Banks 0.3%
                
Akbank T.A.S.
     17,553       50  
Turkiye Garanti Bankasi A/S *
     18,110       25  
Turkiye Is Bankasi, Class C
     17,673       39  
Turkiye Vakiflar Bankasi T.A.O., Class D
     17,448       13  
 
                
 
             127  
Capital Goods 0.3%
                
Dogan Sirketler Grubu Holdings A/S *
     96,493       36  
Enka Insaat ve Sanayi A/S
     637       2  
Koc Holding A/S *
     44,937       63  
 
                
 
             101  
Consumer Durables & Apparel 0.0%
                
Arcelik A/S
     2,446       3  
Diversified Financials 0.1%
                
Haci Omer Sabanci Holding A/S
     14,286       27  
Energy 0.2%
                
Tupras-Turkiye Petrol Rafinerileri A/S
     6,671       63  
Materials 0.1%
                
Eregli Demir ve Celik Fabrikalari T.A.S. (Erdemir)
     12,629       27  
Telecommunication Services 0.0%
                
Turkcell Iletisim Hizmetleri A/S
     3,290       17  
 
                
 
             368  

7

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
United Kingdom 0.1%
                
Food, Beverage & Tobacco 0.1%
                
British American Tobacco plc *
     1,820       49  
 
                
Total Common Stock
(Cost $42,111)		             30,270  
 
                
Preferred Stock 8.6% of net assets
                
 
                
Brazil 8.6%
                
Banks 2.1%
                
Banco Bradesco S.A.
     43,100       387  
Banco Itau Holding Financeira S.A.
     37,350       376  
 
                
 
             763  
Energy 2.1%
                
Petroleo Brasileiro S.A.
     69,600       751  
Food & Staples Retailing 0.2%
                
Compania Brasileira de Distribuicao Grupo Pao de Acucar
     6,500       84  
Food, Beverage & Tobacco 0.4%
                
Companhia de Bebidas das Americas
     3,810       156  
Materials 1.9%
                
Aracruz Celulose S.A., Class B
     21,800       19  
Braskem S.A., Class A
     15,600       38  
Companhia Vale do Rio Doce, Class A
     22,500       272  
Gerdau S.A.
     15,800       102  
Metalurgica Gerdau S.A.
     16,000       138  
Usinas Siderurgicas de Minas Gerais S.A., Class A
     6,350       79  
Votorantim Celulose e Papel S.A. *
     3,900       23  
 
                
 
             671  
Telecommunication Services 1.1%
                
Brasil Telecom Participacoes S.A.
     7,800       51  
Brasil Telecom S.A.
     8,000       41  
Tele Norte Leste Participacoes S.A.
     13,000       161  
Telecomunicacoes de Sao Paulo S.A.
     1,200       23  
Telemar Norte Leste S.A., Class A
     2,500       49  
Tim Participacoes S.A.
     20,900       30  
Vivo Participacoes S.A.
     3,650       52  
 
                
 
             407  
Utilities 0.8%
                
Companhia Energetica de Minas Gerais
     13,397       182  
Companhia Paranaense de Energia-Copel, Class B
     7,400       69  
Compania Energetica de Sao Paulo, Class B
     4,300       23  
Eletropaulo Metropolitana S.A., Class B
     1,280       14  
 
                
 
             288  
 
                
Total Preferred Stock
(Cost $4,591)		             3,120  
 
                
Other Investment Company 4.8% of net assets
                
iShares MSCI Emerging Markets Index Fund
     77,000       1,742  
 
                
Total Other Investment Company
(Cost $1,780)		             1,742  
 
                
                 
Security   Face Amount     Value  
Rate, Maturity Date
   ($ x 1,000)     ($ x 1,000)  
Short-Term Investments 5.8% of net assets
                
Commercial Paper & Other Obligations 5.8%
                
Argentina Cash Reserve
                
1.00%, 02/09/09
     30       30  
1.00%, 02/13/09
     6       6  
1.00%, 02/25/09
     2       2  
1.00%, 06/09/09
     9       9  
1.00%, 09/16/09
     24       24  
Bank of America, Time Deposit
                
0.07%, 02/02/09
     659       659  
Brown Brothers Harriman & Co., Grand Cayman Time Deposit
                
0.07%, 02/02/09
     74       74  
JP Morgan Chase, Time Deposit
                
0.07%, 02/02/09
     659       659  
Wells Fargo, Grand Cayman Time Deposit
                
0.07%, 02/02/09
     659       659  
 
              
Total Short-Term Investments
(Cost $2,122)		             2,122  
 
              
End of Investments.
                
(All dollar amounts are x 1,000)
At 1/31/2009, the tax basis cost of the fund’s investments was $54,855 and the unrealized appreciation and depreciation were $49 and ($17,650), respectively, with a net unrealized depreciation of ($17,601).
As of 1/31/2009, the prices of certain foreign securities held by the fund aggregating $25,452 were adjusted from their market prices following the guidelines adopted by the fund’s Board of Trustees.
 
*   Non-income producing security.
 
(a)   Fair-valued by Management.
 
(b)   Illiquid security. At the period end, the value of these amounted to $17 or 0.0% of net assets.

8

 

Schwab Fundamental Emerging Markets Index Fund
Portfolio Holdings (Unaudited) continued
ADR - American Depositary Receipt
GDR - Global Depositary Receipt
Reg’d - Registered
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 9,638  
Level 2 - Other Significant Observable Inputs
     27,574  
Level 3 - Significant Unobservable Inputs
     42  
 
      
Total
   $ 37,254  
 
      
 
*   The fund had no other financial instruments.
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
         
    Investment in  
    Securities  
Balance as of 10/31/08
   $ 63  
Accrued discount/premiums
     —  
Realized gain/loss
     —  
Change in unrealized appreciation (depreciation)
     (44 )
Net purchases (sales)
     8  
Transfer in and/or out of Level 3
     15  
 
      
Balance as of 01/31/09
   $ 42  
 
      
REG46850JAN09

9

 

Schwab Capital Trust
Schwab Fundamental International Large Company Index FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  94.1 %  
Common Stock
     324,376       177,111  
  4.7 %  
Other Investment Company
     9,330       8,901  
  0.3 %  
Preferred Stock
     1,660       646  
  — %  
Rights
     —       3  
  99.1 %  
Total Investments
     335,366       186,661  
  0.9 %  
Other Assets and Liabilities Net
             1,647  
  100.0 %  
Net Assets
             188,308  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 94.1% of net assets
                
 
                
Australia 3.7%
                
Banks 1.2%
                
Australia & New Zealand Banking Group Ltd.
     40,518       336  
Commonwealth Bank of Australia
     33,654       572  
National Australia Bank Ltd.
     61,516       726  
Westpac Banking Corp.
     72,944       715  
 
                
 
             2,349  
Capital Goods 0.0%
                
Leighton Holdings Ltd.
     7,970       83  
Commercial & Professional Supplies 0.1%
                
Brambles Ltd.
     24,575       104  
Consumer Services 0.1%
                
Crown Ltd.
     21,760       75  
TABCORP Holdings Ltd.
     10,828       45  
Tatts Group Ltd.
     38,039       69  
 
                
 
             189  
Diversified Financials 0.1%
                
ASX Ltd.
     5,418       92  
Macquarie Group Ltd.
     5,017       80  
 
                
 
             172  
Energy 0.2%
                
Caltex Australia Ltd.
     6,154       34  
Origin Energy Ltd.
     18,675       164  
Santos Ltd.
     10,965       98  
Woodside Petroleum Ltd.
     3,627       80  
 
                
 
             376  
Food & Staples Retailing 0.3%
                
Metcash Ltd.
     23,576       62  
Wesfarmers Ltd.
     8,381       82  
Wesfarmers Ltd., Price Protected Shares
     1,804       17  
Woolworths Ltd.
     18,023       314  
 
                
 
             475  
Food, Beverage & Tobacco 0.2%
                
Coca-Cola Amatil Ltd.
     17,520       101  
Foster’s Group Ltd.
     34,723       119  
Lion Nathan Ltd.
     16,066       83  
 
                
 
             303  
Insurance 0.3%
                
AMP Ltd.
     29,079       96  
AXA Asia Pacific Holdings Ltd.
     19,551       58  
Insurance Australia Group Ltd.
     70,100       171  
QBE Insurance Group Ltd.
     12,365       186  
Suncorp-Metway Ltd.
     27,459       128  
 
                
 
             639  
Materials 0.4%
                
Alumina Ltd.
     22,419       16  
Amcor Ltd.
     26,401       89  
BHP Billiton Ltd.
     21,935       407  
BlueScope Steel Ltd.
     18,549       41  
Boral Ltd.
     19,012       39  
OneSteel Ltd.
     10,706       16  
Orica Ltd.
     6,239       52  
OZ Minerals Ltd. (a)(b)
     33,262       12  
PaperlinX Ltd.
     39,053       11  
Rio Tinto Ltd.
     4,150       108  
 
                
 
             791  
Media 0.0%
                
Consolidated Media Holdings Ltd.
     30,424       37  
Fairfax Media Ltd.
     9,747       8  
 
                
 
             45  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
CSL Ltd.
     5,089       120  
Real Estate 0.3%
                
CFS Retail Property Trust
     86,479       97  
Dexus Property Group
     63,134       30  
Goodman Group
     24,070       11  
GPT Group
     124,592       59  
Lend Lease Corp., Ltd.
     10,915       46  
Macquarie Office Trust
     50,381       6  
Mirvac Group
     29,639       21  
Stockland
     27,258       62  
Westfield Group
     33,502       253  
 
                
 
             585  
Telecommunication Services 0.1%
                
Telstra Corp., Ltd.
     113,966       272  

1

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Transportation 0.2%
                
Macquarie Airports
     45,411       65  
Macquarie Infrastructure Group
     87,324       87  
Qantas Airways Ltd.
     36,917       57  
Toll Holdings Ltd.
     21,642       74  
Transurban Group
     17,182       55  
 
                
 
             338  
Utilities 0.1%
                
AGL Energy Ltd.
     10,920       101  
 
                
 
             6,942  
 
                
Austria 0.2%
                
Banks 0.0%
                
Erste Group Bank AG
     4,564       69  
Raiffeisen International Bank Holding AG
     658       13  
 
                
 
             82  
Capital Goods 0.0%
                
Wienerberger AG
     1,629       21  
Energy 0.0%
                
OMV AG
     2,624       75  
Insurance 0.0%
                
Vienna Insurance Group AG
     544       17  
Materials 0.0%
                
Voestalpine AG
     3,058       59  
Real Estate 0.0%
                
IMMOEAST AG *
     2,588       3  
Immofinanz Immobilien Anlagen AG *
     6,986       8  
 
                
 
             11  
Telecommunication Services 0.1%
                
Telekom Austria AG
     7,634       107  
Utilities 0.1%
                
EVN AG
     1,333       21  
Oesterreichische Elektrizitaetswirtschafts AG, A Shares
     2,365       90  
 
                
 
             111  
 
                
 
             483  
 
                
Belgium 0.8%
                
Banks 0.1%
                
Dexia S.A.
     35,971       112  
KBC GROEP N.V.
     3,709       67  
 
                
 
             179  
Diversified Financials 0.2%
                
Banque Nationale de Belgique
     9       25  
Compagnie Nationale a Portefeuille / Nationale Portefeuille Maatschappij
     933       44  
Fortis (a)
     59,239       118  
Groupe Bruxelles Lambert S.A.
     1,690       124  
KBC Ancora
     420       3  
Sofina S.A.
     361       24  
 
                
 
             338  
Food & Staples Retailing 0.2%
                
Colruyt S.A.
     455       101  
Delhaize Group
     4,598       295  
 
                
 
             396  
Food, Beverage & Tobacco 0.1%
                
Anheuser-Busch InBev N.V.
     7,842       199  
Health Care Equipment & Services 0.0%
                
Agfa Gevaert N.V. *
     9,368       33  
Materials 0.1%
                
Solvay S.A.
     1,217       86  
Umicore
     1,590       30  
 
                
 
             116  
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
                
UCB S.A.
     2,866       89  
Retailing 0.0%
                
S.A. D’Ieteren N.V.
     117       13  
Telecommunication Services 0.1%
                
Belgacom S.A.
     4,131       144  
Mobistar S.A.
     351       26  
 
                
 
             170  
 
                
 
             1,533  
 
                
Bermuda 0.3%
                
Capital Goods 0.0%
                
Jardine Matheson Holdings Ltd.
     3,600       71  
Noble Group Ltd.
     23,157       15  
 
                
 
             86  
Consumer Durables & Apparel 0.0%
                
Playmates Holdings Ltd.
     256,000       32  
Yue Yuen Industrial (Holdings) Ltd.
     10,500       19  
 
                
 
             51  
Diversified Financials 0.0%
                
Guoco Group Ltd.
     5,000       29  
Energy 0.1%
                
Frontline Ltd.
     3,746       108  
Real Estate 0.1%
                
Chinese Estates Holdings Ltd.
     20,000       24  
Great Eagle Holdings Ltd.
     3,000       4  
Hongkong Land Holdings Ltd.
     24,000       50  
Kerry Properties Ltd.
     5,000       12  
 
                
 
             90  
Retailing 0.1%
                
Esprit Holdings Ltd.
     11,500       61  

2

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Li & Fung Ltd.
     62,000       123  
 
                
 
             184  
Transportation 0.0%
                
Cosco Pacific Ltd.
     20,000       18  
Orient Overseas International Ltd.
     8,000       19  
 
                
 
             37  
Utilities 0.0%
                
Cheung Kong Infrastructure Holdings Ltd.
     20,100       75  
 
                
 
             660  
 
                
Canada 4.5%
                
Automobiles & Components 0.1%
                
Magna International, Inc., Class A
     4,876       136  
Banks 1.1%
                
Bank of Montreal
     11,926       323  
Bank of Nova Scotia
     16,032       388  
Canadian Imperial Bank of Commerce
     8,367       318  
National Bank of Canada
     3,806       106  
Royal Bank of Canada
     20,946       520  
The Toronto-Dominion Bank
     12,145       394  
 
                
 
             2,049  
Capital Goods 0.1%
                
Bombardier, Inc., Class A
     13,513       42  
Bombardier, Inc., Class B
     15,081       47  
Finning International, Inc.
     7,348       76  
 
                
 
             165  
Diversified Financials 0.1%
                
IGM Financial, Inc.
     3,727       99  
Onex Corp.
     4,061       56  
 
                
 
             155  
Energy 1.0%
                
Addax Petroleum Corp.
     3,963       63  
Canadian Natural Resources Ltd.
     5,050       181  
Enbridge, Inc.
     6,192       203  
EnCana Corp.
     8,417       374  
Husky Energy, Inc.
     2,539       63  
Imperial Oil Ltd.
     2,641       84  
Nexen, Inc.
     6,219       91  
Petro-Canada Co.
     8,901       193  
Suncor Energy, Inc.
     5,050       97  
Talisman Energy, Inc.
     16,487       156  
TransCanada Corp.
     9,933       267  
 
                
 
             1,772  
Food & Staples Retailing 0.3%
                
Alimentation Couche-Tard, Inc., Class B
     6,367       74  
George Weston Ltd.
     3,087       164  
Loblaw Cos., Ltd.
     4,672       132  
Metro, Inc., Class A
     4,082       131  
Shoppers Drug Mart Corp.
     1,945       72  
The Jean Coutu Group (PJC), Inc., Class A
     8,229       56  
 
                
 
             629  
Insurance 0.6%
                
Fairfax Financial Holdings Ltd.
     318       104  
Great-West Lifeco, Inc.
     6,555       99  
ING Canada, Inc.
     2,863       77  
Manulife Financial Corp.
     19,717       327  
Power Corp. of Canada
     12,115       209  
Power Financial Corp.
     4,785       88  
Sun Life Financial, Inc.
     10,746       219  
 
                
 
             1,123  
Materials 0.3%
                
Barrick Gold Corp.
     5,806       219  
Gerdau Ameristeel Corp.
     11,608       68  
Goldcorp, Inc.
     5,401       160  
NOVA Chemicals Corp.
     2,136       4  
Potash Corp. of Saskatchewan, Inc.
     986       74  
Teck Cominco Ltd., Class B
     20,459       79  
 
                
 
             604  
Media 0.1%
                
Quebecor, Inc., Class B
     3,957       53  
Shaw Communications, Inc., Class B
     5,439       88  
Thomson Reuters Corp.
     3,618       89  
 
                
 
             230  
Real Estate 0.1%
                
Brookfield Asset Management, Inc., Class A
     8,502       134  
Brookfield Properties Corp.
     12,673       67  
RioCan Real Estate Investment Trust
     4,249       50  
 
                
 
             251  
Retailing 0.1%
                
Canadian Tire Corp., Ltd., Class A
     1,995       66  
Sears Canada, Inc. *
     2,153       36  
 
                
 
             102  
Software & Services 0.1%
                
CGI Group, Inc., Class A *
     8,468       69  
Technology Hardware & Equipment 0.1%
                
Celestica, Inc. *
     21,365       94  
Nortel Networks Corp. *
     20,241       2  
Research In Motion Ltd. *
     2,050       113  
 
                
 
             209  
Telecommunication Services 0.2%
                
BCE, Inc.
     7,389       151  
Manitoba Telecom Services, Inc.
     970       28  
Rogers Communications, Inc., Class B
     3,977       112  
Telus Corp.
     2,378       68  

3

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Telus Corp. - Non voting
     3,058       82  
 
                
 
             441  
Transportation 0.1%
                
Canadian National Railway Co.
     5,538       194  
Canadian Pacific Railway Ltd.
     2,007       61  
 
                
 
             255  
Utilities 0.1%
                
ATCO Ltd., Class I
     1,877       58  
Canadian Utilities Ltd., Class A
     2,434       79  
TransAlta Corp.
     5,934       108  
 
                
 
             245  
 
                
 
             8,435  
 
                
Cayman Islands 0.0%
                
Semiconductors & Semiconductor Equipment 0.0%
                
Semiconductor Manufacturing International Corp. *
     333,000       12  
Technology Hardware & Equipment 0.0%
                
Foxconn International Holdings Ltd. *
     20,000       7  
Telecommunication Services 0.0%
                
Hutchison Telecommunications International Ltd.
     20,000       5  
 
                
 
             24  
 
                
Denmark 0.5%
                
Banks 0.1%
                
Danske Bank A/S
     18,097       182  
Food, Beverage & Tobacco 0.1%
                
Carlsberg A/S, Class B
     3,453       114  
Danisco A/S
     2,771       101  
East Asiatic Co. Ltd.
     1,126       37  
 
                
 
             252  
Insurance 0.1%
                
Trygvesta A/S
     1,289       76  
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
                
Novo Nordisk A/S, Class B
     3,738       199  
Transportation 0.1%
                
AP Moller - Maersk A/S, Series A
     17       83  
AP Moller - Maersk A/S, Series B
     17       81  
 
                
 
             164  
 
                
 
             873  
 
                
Finland 1.0%
                
Capital Goods 0.1%
                
Kone Oyj, Class B
     3,640       76  
Metso Corp. Oyj
     2,157       21  
Wartsila Corp. Oyj
     3,940       105  
 
                
 
             202  
Diversified Financials 0.0%
                
Pohjola Bank plc
     3,494       41  
Energy 0.1%
                
Neste Oil Oyj
     5,498       80  
Food & Staples Retailing 0.0%
                
Kesko Oyj, Class B
     3,121       77  
Insurance 0.1%
                
Sampo Oyj, Class A
     13,208       212  
Materials 0.3%
                
Kemira Oyj
     2,450       16  
M-real Oyj, Class B
     26,613       19  
Outokumpu Oyj
     3,141       36  
Rautaruukki Oyj
     2,031       32  
Stora Enso Oyj, Class R
     27,849       170  
UPM-Kymmene Oyj
     24,653       233  
 
                
 
             506  
Media 0.0%
                
SanomaWSOY Oyj
     1,413       16  
Technology Hardware & Equipment 0.3%
                
Nokia Oyj
     42,668       523  
Telecommunication Services 0.0%
                
Elisa Oyj
     3,150       50  
Utilities 0.1%
                
Fortum Oyj
     6,775       132  
 
                
 
             1,839  
 
                
France 10.0%
                
Automobiles & Components 0.3%
                
Compagnie Generale des Etablissements Michelin, Class B
     2,905       114  
Faurecia *
     798       10  
Peugeot Citroen S.A.
     11,067       187  
Renault S.A.
     8,174       158  
Societe Fonciere, Financiere et de Participations
     356       12  
Valeo S.A.
     5,106       57  
 
                
 
             538  
Banks 1.3%
                
BNP Paribas
     29,748       1,136  
Credit Agricole S.A.
     31,736       384  
Natixis
     58,130       90  
Societe Generale
     18,446       771  
 
                
 
             2,381  
Capital Goods 1.0%
                
Alstom S.A.
     2,674       129  
Bouygues S.A.
     6,041       206  
Compagnie de Saint-Gobain
     13,534       457  
Eiffage S.A.
     1,427       70  
Legrand S.A.
     3,710       62  
Nexans S.A.
     738       42  
Safran S.A.
     8,729       109  
Schneider Electric S.A.
     4,373       277  
Thales S.A.
     1,636       72  

4

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Vallourec S.A.
     723       71  
Vinci S.A.
     8,598       293  
Wendel
     446       17  
Zodiac S.A.
     1,160       42  
 
                
 
             1,847  
Consumer Durables & Apparel 0.2%
                
Christian Dior S.A.
     1,702       85  
Hermes International
     609       61  
LVMH Moet Hennessy Louis Vuitton S.A.
     4,741       258  
Thomson *
     18,475       27  
 
                
 
             431  
Consumer Services 0.2%
                
Accor S.A.
     4,199       166  
Sodexo
     3,509       177  
 
                
 
             343  
Diversified Financials 0.0%
                
Eurazeo
     512       17  
Energy 1.8%
                
Esso S.A.F
     197       20  
Technip S.A.
     3,528       109  
Total S.A.
     64,813       3,230  
 
                
 
             3,359  
Food & Staples Retailing 0.4%
                
Carrefour S.A.
     20,696       706  
Casino Guichard-Perrachon S.A.
     1,270       83  
Rallye S.A.
     1,593       32  
 
                
 
             821  
Food, Beverage & Tobacco 0.3%
                
Groupe Danone
     6,218       319  
Pernod Ricard S.A.
     2,572       161  
 
                
 
             480  
Health Care Equipment & Services 0.0%
                
Essilor International S.A.
     1,842       70  
Household & Personal Products 0.1%
                
L’Oreal S.A.
     3,029       201  
Insurance 0.7%
                
Axa S.A.
     75,904       1,195  
CNP Assurances
     1,659       110  
Euler Hermes S.A.
     326       12  
SCOR SE
     3,304       67  
 
                
 
             1,384  
Materials 0.3%
                
Air Liquide S.A.
     3,591       261  
Arkema
     1,434       20  
Ciments Francais S.A.
     835       64  
Eramet
     533       84  
Imerys S.A.
     2,088       83  
Lafarge S.A.
     3,038       139  
Sequana
     1,589       9  
 
                
 
             660  
Media 0.7%
                
Eutelsat Communications *
     3,166       68  
JC Decaux S.A.
     7,056       97  
Lagardere S.C.A.
     3,741       142  
M6 Metropole Television
     2,625       42  
PagesJaunes Groupe
     6,962       61  
Publicis Groupe
     2,572       60  
Societe Television Francaise 1
     4,004       43  
Vivendi
     32,283       832  
 
                
 
             1,345  
Pharmaceuticals, Biotechnology & Life Sciences 0.6%
                
Sanofi-Aventis
     19,444       1,094  
Real Estate 0.2%
                
Fonciere des Regions
     929       57  
Gecina S.A.
     1,063       73  
Klepierre
     2,857       68  
Unibail-Rodamco
     777       104  
 
                
 
             302  
Retailing 0.1%
                
PPR
     2,914       147  
Software & Services 0.1%
                
Atos Origin S.A.
     2,286       54  
Cap Gemini
     3,256       112  
 
                
 
             166  
Technology Hardware & Equipment 0.1%
                
Alcatel-Lucent *
     83,530       164  
Telecommunication Services 0.7%
                
France Telecom S.A.
     58,724       1,316  
Transportation 0.2%
                
Aeroports de Paris
     939       50  
Air France-KLM
     9,035       86  
Bollore
     636       63  
Societe des Autoroutes Paris-Rhin-Rhone
     1,769       101  
 
                
 
             300  
Utilities 0.7%
                
Electricite de France
     2,694       131  
GDF Suez
     26,669       1,021  
Suez Environnement S.A. *
     5,956       95  
Veolia Environnement
     6,765       152  
 
                
 
             1,399  
 
                
 
             18,765  
 
                
Germany 7.8%
                
Automobiles & Components 1.4%
                
Bayerische Motoren Werke AG
     12,636       300  
Daimler AG — Reg’d
     41,350       1,158  
Volkswagen AG
     3,916       1,251  
 
                
 
             2,709  
Banks 0.1%
                
Commerzbank AG
     22,822       103  

5

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Deutsche Postbank AG
     3,667       44  
Hypo Real Estate Holding AG
     7,049       12  
IKB Deutsche Industriebank AG *
     6,400       6  
 
                
 
             165  
Capital Goods 0.7%
                
BayWa AG
     600       17  
Bilfinger Berger AG
     900       38  
GEA Group AG
     2,400       28  
Heidelberger Druckmaschinen AG
     2,648       10  
Hochtief AG
     1,100       38  
MAN AG
     2,238       97  
Rheinmetall AG
     300       9  
Siemens AG
     17,744       999  
 
                
 
             1,236  
Consumer Durables & Apparel 0.1%
                
Adidas AG
     2,705       94  
Consumer Services 0.1%
                
TUI AG
     12,934       109  
Diversified Financials 0.3%
                
Deutsche Bank AG - Reg’d
     21,134       550  
Deutsche Boerse AG
     970       49  
 
                
 
             599  
Food & Staples Retailing 0.1%
                
Metro AG
     5,175       188  
Food, Beverage & Tobacco 0.0%
                
Suedzucker AG
     2,284       36  
Health Care Equipment & Services 0.2%
                
Celesio AG
     4,523       97  
Fresenius Medical Care AG & Co., KGaA
     2,784       124  
Fresenius SE
     1,318       65  
 
                
 
             286  
Household & Personal Products 0.1%
                
Beiersdorf AG
     1,600       78  
Henkel AG & Co. KGaA
     3,423       80  
 
                
 
             158  
Insurance 1.2%
                
Allianz SE - Reg’d
     15,081       1,264  
AMB Generali Holding AG
     713       57  
Hannover Rueckversicherung AG - Reg’d
     1,995       61  
Muenchener Rueckversicherungs-Gesellschaft AG - Reg’d
     7,012       926  
 
                
 
             2,308  
Materials 0.8%
                
BASF SE
     24,882       721  
HeidelbergCement AG
     1,390       54  
K & S AG
     1,100       52  
Lanxess
     2,777       40  
Linde AG
     1,868       125  
Salzgitter AG
     1,575       114  
ThyssenKrupp AG
     12,865       261  
Wacker Chemie AG
     1,100       78  
 
                
 
             1,445  
Pharmaceuticals, Biotechnology & Life Sciences 0.4%
                
Bayer AG
     12,758       677  
Merck KGaA
     1,740       148  
 
                
 
             825  
Retailing 0.0%
                
Arcandor AG *
     4,368       11  
Semiconductors & Semiconductor Equipment 0.0%
                
Infineon Technologies AG *
     37,807       34  
Software & Services 0.1%
                
SAP AG
     6,952       244  
Telecommunication Services 0.8%
                
Deutsche Telekom AG - Reg’d
     130,668       1,577  
Transportation 0.2%
                
Deutsche Lufthansa AG - Reg’d
     7,893       95  
Deutsche Post AG - Reg’d
     24,587       307  
Fraport AG
     1,734       65  
 
                
 
             467  
Utilities 1.2%
                
E.ON AG
     42,705       1,375  
RWE AG
     10,188       792  
 
                
 
             2,167  
 
                
 
             14,658  
 
                
Greece 0.3%
                
Banks 0.1%
                
Alpha Bank A.E.
     6,150       51  
EFG Eurobank Ergasias
     5,032       32  
National Bank of Greece S.A.
     6,552       109  
Piraeus Bank S.A.
     2,935       19  
 
                
 
             211  
Consumer Services 0.1%
                
OPAP S.A.
     5,040       147  
Energy 0.0%
                
Hellenic Petroleum S.A.
     3,703       27  
Food, Beverage & Tobacco 0.0%
                
Coca-Cola Hellenic Bottling Co., S.A.
     4,537       62  
Telecommunication Services 0.1%
                
Hellenic Telecommunications Organization S.A. (OTE)
     7,275       110  
Utilities 0.0%
                
Public Power Corp. S.A.
     2,093       35  
 
                
 
             592  
 
                
Hong Kong 2.0%
                
Banks 0.2%
                
BOC Hong Kong (Holdings) Ltd.
     86,500       88  
Hang Seng Bank Ltd.
     13,700       165  

6

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Bank of East Asia Ltd.
     25,700       51  
 
                
 
             304  
Capital Goods 0.3%
                
Citic Pacific Ltd.
     20,000       24  
Henderson Investment Ltd.
     1,436,000       97  
Hutchison Whampoa Ltd.
     80,000       407  
 
                
 
             528  
Diversified Financials 0.0%
                
Hong Kong Exchanges & Clearing Ltd.
     9,500       81  
Energy 0.1%
                
CNOOC Ltd.
     122,100       105  
Materials 0.0%
                
Fosun International
     61,500       20  
Real Estate 0.7%
                
Cheung Kong (Holdings) Ltd.
     26,500       245  
Hang Lung Group Ltd.
     15,000       48  
Hang Lung Properties Ltd.
     51,000       115  
Henderson Land Development Co., Ltd.
     29,569       113  
Hysan Development Co., Ltd.
     20,000       32  
New World Development Co., Ltd.
     41,000       39  
Sino Land Co., Ltd.
     62,000       59  
Sun Hung Kai Properties Ltd.
     24,600       218  
Swire Pacific Ltd., Class A
     30,500       197  
The Link REIT
     33,000       62  
The Wharf (Holdings) Ltd.
     43,000       106  
Wheelock & Co., Ltd.
     35,000       62  
 
                
 
             1,296  
Retailing 0.0%
                
China Resources Enterprise Ltd.
     38,000       55  
Technology Hardware & Equipment 0.0%
                
Lenovo Group Ltd.
     102,000       19  
Telecommunication Services 0.3%
                
China Mobile Ltd.
     39,500       356  
China Unicom (Hong Kong) Ltd.
     98,056       90  
PCCW Ltd.
     80,000       41  
 
                
 
             487  
Transportation 0.1%
                
Cathay Pacific Airways Ltd.
     47,800       55  
China Merchants Holdings International Co., Ltd.
     32,000       56  
MTR Corp., Ltd.
     47,500       114  
 
                
 
             225  
Utilities 0.3%
                
CLP Holdings Ltd.
     40,000       271  
Hong Kong & China Gas Co., Ltd.
     42,290       69  
Hongkong Electric Holdings Ltd.
     40,500       237  
 
                
 
             577  
 
                
 
             3,697  
 
                
Ireland 0.3%
                
Banks 0.0%
                
Allied Irish Banks plc
     20,894       30  
Anglo Irish Bank Corp. plc (a)(b)
     9,106       —  
The Governor and Company of the Bank of Ireland
     35,127       27  
 
                
 
             57  
Insurance 0.0%
                
Irish Life & Permanent plc
     7,628       16  
Materials 0.1%
                
CRH plc
     7,947       186  
Smurfit Kappa Group plc
     7,407       17  
 
                
 
             203  
Media 0.1%
                
WPP plc
     43,549       245  
Transportation 0.1%
                
Ryanair Holdings plc *
     22,055       80  
 
                
 
             601  
 
                
Italy 4.3%
                
Automobiles & Components 0.1%
                
Fiat S.p.A.
     27,673       135  
Pirelli & C. S.p.A.
     107,334       30  
 
                
 
             165  
Banks 0.9%
                
Banca Carige S.p.A. (Cassa di Risparmio di Genova e Imperia)
     31,266       72  
Banca Monte dei Paschi di Siena S.p.A.
     94,854       136  
Banca Popolare di Milano Scarl
     8,791       45  
Banco Popolare Societa Cooperativa
     19,522       112  
Intesa Sanpaolo S.p.A.
     241,784       762  
UniCredit S.p.A.
     250,138       440  
Unione di Banche Italiane S.c.p.A.
     16,309       203  
 
                
 
             1,770  
Capital Goods 0.1%
                
Finmeccanica S.p.A.
     6,919       108  
Consumer Durables & Apparel 0.1%
                
Benetton Group S.p.A.
     3,285       24  
Luxottica Group S.p.A.
     4,426       63  
 
                
 
             87  
Consumer Services 0.0%
                
Autogrill S.p.A.
     3,929       23  
Lottomatica S.p.A.
     2,761       51  
 
                
 
             74  
Diversified Financials 0.1%
                
IFIL Investments S.p.A.
     16,030       40  
Mediobanca S.p.A.
     9,217       83  
 
                
 
             123  

7

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Energy 1.1%
                
Eni S.p.A.
     86,522       1,830  
ERG S.p.A.
     7,085       84  
Saipem S.p.A.
     6,643       102  
Saras S.p.A.
     20,111       66  
 
                
 
             2,082  
Food, Beverage & Tobacco 0.0%
                
Parmalat S.p.A.
     14,314       23  
Insurance 0.6%
                
Alleanza Assicurazioni S.p.A.
     13,165       89  
Assicurazioni Generali S.p.A.
     32,778       682  
Fondiaria - Sai S.p.A.
     4,546       71  
Mediolanum S.p.A
     18,290       71  
Milano Assicurazioni S.p.A.
     6,211       17  
Premafin Finanziaria S.p.A.
     39,187       70  
Societa Cattolica di Assicurazioni S.c.r.l.
     1,740       53  
Unipol Gruppo Finanziario S.p.A.
     9,038       13  
 
                
 
             1,066  
Materials 0.0%
                
Buzzi Unicem S.p.A.
     1,676       21  
Italcementi S.p.A.
     2,706       25  
Italcementi S.p.A. - RNC
     5,810       34  
 
                
 
             80  
Media 0.1%
                
Mediaset S.p.A.
     30,173       147  
Telecommunication Services 0.6%
                
Telecom Italia S.p.A.
     715,020       879  
Telecom Italia S.p.A. - 151; RNC
     288,730       278  
 
                
 
             1,157  
Transportation 0.0%
                
Atlantia S.p.A.
     3,893       57  
Utilities 0.6%
                
A2A S.p.A.
     42,507       74  
Edison S.p.A.
     46,779       59  
Enel S.p.A.
     157,503       883  
Hera S.p.A.
     10,337       19  
Snam Rete Gas S.p.A
     16,384       85  
Terna - Rete Elettrica Nationale S.p.A.
     21,247       65  
 
                
 
             1,185  
 
                
 
             8,124  
 
                
Japan 23.5%
                
Automobiles & Components 2.6%
                
Aisin Seiki Co., Ltd.
     4,700       63  
Bridgestone Corp.
     21,400       272  
Calsonic Kansei Corp.
     6,000       6  
Daihatsu Motor Co., Ltd.
     8,000       68  
Denso Corp.
     8,900       161  
Fuji Heavy Industries Ltd.
     41,000       118  
Honda Motor Co., Ltd.
     45,200       1,039  
Isuzu Motors Ltd.
     68,000       79  
Kanto Auto Works Ltd.
     2,000       19  
Mazda Motor Corp.
     37,000       57  
Mitsubishi Motors Corp. *
     104,000       138  
NGK Spark Plug Co., Ltd.
     9,000       69  
Nissan Motors Co., Ltd.
     101,800       307  
Nok Corp.
     2,900       20  
Sumitomo Rubber Industries, Ltd.
     13,200       83  
Suzuki Motor Corp.
     9,700       131  
Takata Corp.
     1,000       8  
Toyoda Gosei Co., Ltd.
     900       10  
Toyota Auto Body Co., Ltd.
     1,400       19  
Toyota Boshoku Corp.
     7,000       56  
Toyota Industries Corp.
     3,900       78  
Toyota Motor Corp.
     63,300       2,036  
Yamaha Motor Co., Ltd.
     10,600       99  
Yokohama Rubber Co., Ltd.
     9,000       32  
 
                
 
             4,968  
Banks 2.1%
                
Aozora Bank Ltd.
     15,000       17  
Chuo Mitsui Trust Holdings, Inc.
     22,000       87  
Hokuhoku Financial Group, Inc.
     50,000       99  
Mitsubishi UFJ Financial Group, Inc.
     214,151       1,188  
Mizuho Financial Group, Inc.
     192,000       475  
Mizuho Trust & Banking Co., Ltd.
     53,000       55  
Resona Holdings, Inc.
     4,000       62  
Sapporo Hokuyo Holdings, Inc.
     4,000       14  
Shinsei Bank Ltd.
     50,000       64  
Sumitomo Mitsui Financial Group, Inc.
     16,800       666  
The 77 Bank Ltd.
     18,000       90  
The Bank of Kyoto Ltd.
     11,000       116  
The Bank of Yokohama Ltd.
     18,000       92  
The Chiba Bank Ltd.
     14,000       79  
The Chugoku Bank Ltd.
     8,000       112  
The Gunma Bank Ltd.
     19,000       110  
The Hachijuni Bank Ltd.
     12,000       67  
The Hiroshima Bank Ltd.
     22,000       93  
The Iyo Bank Ltd.
     5,000       59  
The Joyo Bank Ltd.
     15,000       81  
The Shizuoka Bank Ltd.
     9,000       94  
The Sumitomo Trust & Banking Co., Ltd.
     30,000       147  
 
                
 
             3,867  
Capital Goods 2.4%
                
Amada Co., Ltd.
     19,000       91  
Asahi Glass Co., Ltd.
     23,000       120  
Daikin Industries Ltd.
     2,900       66  
Fanuc Ltd.
     1,800       107  
Fuji Electric Holdings Co., Ltd.
     19,000       23  
Fujikura Ltd.
     14,000       38  
Hankyu Hanshin Holdings, Inc.
     26,000       142  
Hanwa Co., Ltd.
     16,000       47  
Hino Motors, Ltd.
     9,000       16  
Hitachi Construction Machinery Co., Ltd.
     5,500       54  
IHI Corp.
     46,000       53  
Itochu Corp.
     24,000       117  

8

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
JFE Shoji Holdings, Inc.
     5,000       15  
JS Group Corp.
     8,900       119  
JTEKT Corp.
     16,400       101  
Kajima Corp.
     40,000       105  
Kanematsu Corp. *
     47,000       47  
Kawasaki Heavy Industries Ltd.
     40,000       73  
Kinden Corp.
     12,000       106  
Komatsu Ltd.
     11,900       123  
Kubota Corp.
     14,000       76  
Marubeni Corp.
     35,000       125  
Panasonic Electric Works Co., Ltd.
     7,000       55  
Mitsubishi Corp.
     20,900       276  
Mitsubishi Electric Corp.
     41,000       188  
Mitsubishi Heavy Industries Ltd.
     96,000       363  
Mitsui & Co., Ltd.
     23,000       240  
Nagase & Co., Ltd.
     3,000       27  
NEC Leasing Ltd.
     2,500       20  
NGK Insulators Ltd.
     6,000       77  
Nippon Sheet Glass Co., Ltd.
     35,000       86  
Nippon Steel Trading Co., Ltd.
     11,000       17  
NSK Ltd.
     23,000       74  
NTN Corp.
     9,000       24  
Obayashi Corp.
     25,000       118  
Shimizu Corp.
     24,000       108  
SMC Corp.
     900       80  
Sojitz Corp.
     108,000       165  
Sumikin Bussan Corp.
     10,000       26  
Sumitomo Corp.
     24,200       219  
Sumitomo Electric Industries Ltd.
     16,600       125  
Sumitomo Heavy Industries Ltd.
     20,000       63  
Taisei Corp.
     56,000       124  
The Furukawa Electric Co., Ltd.
     19,000       66  
Tokyo Leasing Co., Ltd.
     3,000       23  
Toto Ltd.
     18,000       95  
Toyota Tsusho Corp.
     6,300       56  
 
                
 
             4,479  
Commercial & Professional Supplies 0.2%
                
Dai Nippon Printing Co., Ltd.
     16,000       156  
Secom Co., Ltd.
     2,700       113  
Toppan Printing Co., Ltd.
     20,000       135  
 
                
 
             404  
Consumer Durables & Apparel 1.4%
                
Casio Computer Co., Ltd.
     13,500       106  
HASEKO Corp.
     44,500       41  
JVC KENWOOD Holdings, Inc. *
     42,000       17  
Makita Corp.
     3,800       69  
NAMCO BANDAI Holdings, Inc.
     11,000       110  
Nikon Corp.
     7,000       73  
Panasonic Corp.
     70,000       849  
Pioneer Corp.
     6,700       12  
Sankyo Co., Ltd.
     1,900       91  
Sanyo Electric Co., Ltd. *
     86,000       132  
Sega Sammy Holdings, Inc.
     6,600       84  
Sekisui Chemical Co., Ltd.
     13,000       72  
Sekisui House Ltd.
     18,000       151  
Sharp Corp.
     20,000       149  
Sony Corp.
     24,700       482  
Sumitomo Forestry Co., Ltd.
     7,000       50  
Yamaha Corp.
     10,000       88  
 
                
 
             2,576  
Consumer Services 0.1%
                
Benesse Corp.
     2,700       115  
Oriental Land Co., Ltd.
     800       61  
 
                
 
             176  
Diversified Financials 0.6%
                
Acom Co., Ltd.
     2,130       75  
Aiful Corp.
     4,350       9  
Century Leasing System, Inc.
     4,500       40  
Credit Saison Co., Ltd.
     5,200       51  
Daiwa Securities Group, Inc.
     30,000       166  
Fuyo General Lease Co., Ltd.
     3,000       47  
Hitachi Capital Corp.
     4,600       56  
IBJ Leasing Co., Ltd.
     4,000       54  
Mitsubishi UFJ Lease & Finance Co., Ltd.
     2,700       64  
Nomura Holdings, Inc.
     38,200       247  
ORIX Corp.
     2,340       102  
Promise Co., Ltd.
     4,950       91  
Ricoh Leasing Co., Ltd.
     2,000       29  
Takefuji Corp.
     2,750       19  
 
                
 
             1,050  
Energy 0.6%
                
Cosmo Oil Co., Ltd.
     47,000       125  
Idemitsu Kosan Co., Ltd.
     2,000       130  
Inpex Corp.
     11       79  
Japan Petroleum Exploration Co., Ltd.
     1,600       74  
Nippon Mining Holdings, Inc.
     45,500       165  
Nippon Oil Corp.
     70,000       304  
Showa Shell Sekiyu K.K.
     6,900       65  
TonenGeneral Sekiyu K.K.
     13,000       126  
 
                
 
             1,068  
Food & Staples Retailing 0.6%
                
Aeon Co., Ltd.
     30,300       243  
Lawson, Inc.
     1,800       89  
Ryoshoku Ltd.
     2,300       53  
Seven & I Holdings Co., Ltd.
     22,000       587  
Uny Co., Ltd.
     11,000       92  
 
                
 
             1,064  
Food, Beverage & Tobacco 0.5%
                
Ajinomoto Co., Inc.
     11,000       95  
Asahi Breweries Ltd.
     9,900       153  
Japan Tobacco, Inc.
     76       218  
Kirin Holdings Co., Ltd.
     14,000       175  
Meiji Dairies Corp.
     9,000       42  
Nippon Meat Packers, Inc.
     7,000       88  
Nisshin Seifun Group, Inc.
     5,500       60  
Nissin Foods Holdings Co., Ltd.
     1,800       62  
Yamazaki Baking Co., Ltd.
     8,000       108  
 
                
 
             1,001  

9

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of     Value  
Security   Shares     ($ x 1,000)  
Health Care Equipment & Services 0.2%
                
Alfresa Holdings Corp.
     2,800       119  
Mediceo Paltac Holdings Co., Ltd.
     7,100       79  
Olympus Corp.
     3,500       56  
Suzuken Co., Ltd.
     4,100       105  
Terumo Corp.
     2,500       85  
 
              
 
             444  
Household & Personal Products 0.1%
                
Kao Corp.
     8,000       194  
Shiseido Co., Ltd.
     4,000       67  
 
              
 
             261  
Insurance 0.7%
                
Aioi Insurance Co., Ltd.
     20,000       98  
Mitsui Sumitomo Insurance Group Holdings, Inc.
     11,500       298  
NIPPONKOA Insurance Co., Ltd.
     14,000       114  
Nissay Dowa General Insurance Co., Ltd.
     15,000       80  
Sompo Japan Insurance, Inc.
     27,000       168  
T&D Holdings, Inc.
     5,100       165  
Tokio Marine Holdings, Inc.
     13,200       350  
 
              
 
             1,273  
Materials 1.8%
                
Asahi Kasei Corp.
     30,000       123  
Daicel Chemical Industries Ltd.
     6,000       26  
Daido Steel Co., Ltd.
     6,000       16  
DIC Corp.
     19,000       31  
Hitachi Chemical Co., Ltd.
     7,400       81  
Hitachi Metals Ltd.
     13,000       67  
JFE Holdings, Inc.
     11,500       286  
JSR Corp.
     7,100       86  
Kaneka Corp.
     14,000       75  
Kobe Steel Ltd.
     59,000       88  
Kuraray Co., Ltd.
     8,000       63  
Mitsubishi Chemical Holdings Corp.
     33,000       135  
Mitsubishi Gas Chemical Co., Inc.
     20,000       79  
Mitsubishi Materials Corp.
     24,000       60  
Mitsubishi Rayon Co., Ltd.
     9,000       21  
Mitsui Chemicals, Inc.
     24,000       69  
Mitsui Mining & Smelting Co., Ltd.
     21,000       38  
Nippon Light Metal Co., Ltd.
     27,000       22  
Nippon Paper Group, Inc.
     6,700       199  
Nippon Steel Corp.
     110,000       323  
Nisshin Steel Co., Ltd.
     48,000       80  
Nitto Denko Corp.
     4,700       87  
Oji Paper Co., Ltd.
     41,000       195  
Shin-Etsu Chemical Co., Ltd.
     5,000       234  
Showa Denko K.K.
     66,000       88  
Sumitomo Chemical Co., Ltd.
     29,000       92  
Sumitomo Metal Industries Ltd.
     62,000       124  
Sumitomo Metal Mining Co., Ltd.
     8,000       74  
Taiheiyo Cement Corp.
     37,000       51  
Teijin Ltd.
     26,000       62  
Toray Industries, Inc.
     28,000       121  
Tosoh Corp.
     19,000       40  
Toyo Seikan Kaisha Ltd.
     7,000       104  
Ube Industries Ltd.
     45,000       97  
 
              
 
             3,337  
Media 0.2%
                
Dentsu, Inc.
     5,000       86  
Fuji Media Holdings, Inc.
     51       65  
Hakuhodo Dy Holdings, Inc.
     2,000       90  
Nippon Television Network Corp.
     1,210       124  
Tokyo Broadcasting System, Inc.
     8,100       110  
 
              
 
             475  
Pharmaceuticals, Biotechnology & Life Sciences 0.7%
                
Astellas Pharma, Inc.
     5,100       193  
Chugai Pharmaceutical Co., Ltd.
     4,200       81  
Daiichi Sankyo Co., Ltd.
     7,700       173  
Eisai Co., Ltd.
     4,100       150  
Kyowa Hakko Kirin Co., Ltd.
     9,000       81  
Ono Pharmaceutical Co., Ltd.
     1,500       79  
Shionogi & Co., Ltd.
     4,000       86  
Taisho Pharmaceutical Co., Ltd.
     5,000       102  
Takeda Pharmaceutical Co., Ltd.
     9,000       422  
 
              
 
             1,367  
Real Estate 0.4%
                
Daito Trust Construction Co., Ltd.
     1,400       60  
Daiwa House Industry Co., Ltd.
     17,000       152  
Leopalace21 Corp.
     2,000       17  
Mitsubishi Estate Co., Ltd.
     10,000       131  
Mitsui Fudosan Co., Ltd.
     13,000       168  
Sumitomo Realty & Development Co., Ltd.
     9,500       109  
Tokyu Land Corp.
     21,000       65  
 
              
 
             702  
Retailing 0.3%
                
Canon Marketing Japan, Inc.
     5,900       87  
Fast Retailing Co., Ltd.
     700       88  
Isetan Mitsukoshi Holdings Ltd. *
     11,520       83  
Marui Group Co., Ltd.
     17,500       90  
Takashimaya Co., Ltd.
     15,000       101  
The Daiei, Inc. *
     25,300       114  
Yamada Denki Co., Ltd.
     1,450       85  
 
              
 
             648  
Semiconductors & Semiconductor Equipment 0.2%
                
Advantest Corp.
     5,500       74  
Elpida Memory, Inc. *
     3,100       22  
NEC Electronics Corp. *
     1,200       9  
Rohm Co., Ltd.
     2,600       129  
Sumco Corp.
     5,400       70  
Tokyo Electron Ltd.
     2,000       73  
 
              
 
             377  
Software & Services 0.2%
                
KONAMI Corp.
     3,500       70  
Nintendo Co., Ltd.
     430       133  
Nomura Research Institute Ltd.
     5,300       96  
NTT Data Corp.
     23       74  
Oracle Corp. Japan
     1,500       60  
 
              
 
             433  

10

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Technology Hardware & Equipment 2.1%
                
Alps Electric Co., Ltd.
     5,600       24  
Brother Industries Ltd.
     17,000       110  
Canon, Inc.
     25,000       682  
Citizen Holdings Co., Ltd.
     7,100       29  
FUJIFILM Holdings Corp.
     11,900       260  
Fujitsu Ltd.
     66,000       297  
Hitachi High-Technologies Corp.
     4,700       70  
Hitachi Ltd.
     145,000       442  
Hoya Corp.
     4,700       84  
Ibiden Co., Ltd.
     3,600       73  
Keyence Corp.
     600       109  
Konica Minolta Holdings, Inc.
     8,500       66  
Kyocera Corp.
     4,600       295  
Murata Manufacturing Co., Ltd.
     4,000       151  
NEC Corp.
     102,000       272  
Nidec Corp.
     1,900       91  
Nippon Electric Glass Co., Ltd.
     12,000       79  
Oki Electric Industry Co., Ltd. *
     16,000       10  
OMRON Corp.
     7,100       85  
Ricoh Co., Ltd.
     18,000       220  
Seiko Epson Corp.
     6,800       86  
Tdk Corp.
     2,500       94  
Toshiba Corp.
     75,000       262  
Yokogawa Electric Corp.
     3,500       16  
 
                
 
             3,907  
Telecommunication Services 1.5%
                
KDDI Corp.
     87       543  
Nippon Telegraph & Telephone Corp.
     27,100       1,313  
NTT DoCoMo, Inc.
     514       895  
SOFTBANK Corp.
     4,000       62  
 
                
 
             2,813  
Transportation 1.2%
                
All Nippon Airways Co., Ltd.
     16,000       60  
Central Japan Railway Co.
     37       264  
East Japan Railway Co.
     6,900       468  
Japan Airlines Corp. *
     27,000       58  
Kawasaki Kisen Kaisha Ltd.
     24,000       88  
Keihin Electric Express Railway Co., Ltd.
     8,000       61  
Keio Corp.
     21,000       112  
Kintetsu Corp.
     28,000       127  
Mitsui O.S.K. Lines Ltd.
     18,000       103  
Nagoya Railroad Co., Ltd.
     36,000       110  
Nippon Express Co., Ltd.
     35,000       125  
Nippon Yusen Kabushiki Kaisha
     24,000       113  
Odakyu Electric Railway Co., Ltd.
     10,000       80  
Seino Holdings Co., Ltd.
     6,000       29  
Tobu Railway Co., Ltd.
     15,000       82  
Tokyu Corp.
     30,000       130  
West Japan Railway Co.
     48       195  
Yamato Holdings Co., Ltd.
     9,000       91  
 
                
 
             2,296  
Utilities 2.8%
                
Chubu Electric Power Co., Inc.
     22,800       647  
Electric Power Development Co., Ltd.
     6,300       243  
Hokkaido Electric Power Co., Inc.
     6,300       153  
Hokuriku Electric Power Co.
     6,400       183  
Kyushu Electric Power Co., Inc.
     14,600       382  
Osaka Gas Co., Ltd.
     46,000       196  
Shikoku Electric Power Co., Inc.
     4,800       158  
The Chugoku Electric Power Co., Inc.
     11,400       297  
The Kansai Electric Power Co., Inc.
     28,900       792  
The Tokyo Electric Power Co., Inc.
     48,200       1,507  
Toho Gas Co., Ltd.
     12,000       73  
Tohoku Electric Power Co., Inc.
     16,100       415  
Tokyo Gas Co., Ltd.
     51,000       241  
 
                
 
             5,287  
 
                
 
             44,273  
 
                
Luxembourg 0.2%
                
Diversified Financials 0.0%
                
Reinet Investments S.C.A. *
     504       5  
Materials 0.1%
                
ArcelorMittal
     9,523       213  
Media 0.1%
                
RTL Group
     2,147       88  
SES FDR
     6,547       120  
 
                
 
             208  
 
                
 
             426  
 
                
Netherlands 2.9%
                
 
Capital Goods 0.4%
                
European Aeronautic Defence & Space Co.
     11,558       201  
Koninklijke (Royal) Philips Electronics N.V.
     22,379       407  
Koninklijke BAM Groep N.V.
     9,027       77  
 
                
 
             685  
Commercial & Professional Supplies 0.0%
                
Randstad Holding N.V.
     3,448       68  
Consumer Durables & Apparel 0.0%
                
Hunter Douglas N.V.
     997       29  
Diversified Financials 0.7%
                
ING Groep N.V. CVA
     140,836       1,162  
SNS Reaal
     24,144       106  
 
                
 
             1,268  
Food & Staples Retailing 0.3%
                
Koninklijke Ahold N.V.
     54,121       649  
Food, Beverage & Tobacco 0.5%
                
CSM
     2,443       31  
Heineken Holding N.V.
     2,513       67  
Heineken N.V.
     3,400       100  
Nutreco Holding N.V.
     1,208       40  

11

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Unilever N.V.
     33,338       735  
 
                
 
             973  
Insurance 0.2%
                
Aegon N.V.
     73,699       385  
Materials 0.2%
                
Akzo Nobel N.V.
     5,363       192  
Koninklijke DSM N.V.
     6,523       156  
 
                
 
             348  
Media 0.1%
                
Wolters Kluwer N.V.
     5,560       100  
Real Estate 0.1%
                
Corio N.V.
     1,327       57  
Wereldhave N.V.
     1,369       98  
 
                
 
             155  
Semiconductors & Semiconductor Equipment 0.1%
                
ASML Holding N.V.
     4,639       77  
STMicroelectronics N.V.
     20,193       104  
 
                
 
             181  
Telecommunication Services 0.2%
                
Koninklijke (Royal) KPN N.V.
     34,946       465  
Transportation 0.1%
                
TNT N.V.
     7,710       134  
 
                
 
             5,440  
 
                
New Zealand 0.1%
                
Materials 0.0%
                
Fletcher Building Ltd.
     7,894       22  
Telecommunication Services 0.1%
                
Telecom Corp. of New Zealand Ltd.
     86,491       116  
Utilities 0.0%
                
Contact Energy Ltd.
     9,786       34  
 
                
 
             172  
 
                
Norway 0.5%
                
Banks 0.0%
                
DnB NOR A.S.A.
     20,541       70  
Capital Goods 0.1%
                
Orkla A.S.A.
     18,854       125  
Energy 0.2%
                
Aker A.S.A., Class A
     727       14  
Aker Solutions A.S.A.
     3,200       15  
StatoilHydro A.S.A.
     22,414       386  
 
                
 
             415  
Insurance 0.0%
                
Storebrand A.S.A.
     7,500       19  
Materials 0.2%
                
Norsk Hydro A.S.A.
     48,851       174  
Norske Skogindustrier A.S.A. *
     25,482       50  
Yara International A.S.A.
     3,600       81  
 
                
 
             305  
Telecommunication Services 0.0%
                
Telenor A.S.A.
     11,384       74  
Utilities 0.0%
                
Hafslund A.S.A., B Shares
     1,550       15  
 
                
 
             1,023  
 
                
Portugal 0.4%
                
Banks 0.1%
                
Banco BPI S.A. - Reg’d
     3,890       7  
Banco Comercial Portugues S.A. - Reg’d *
     80,033       82  
Banco Espirito Santo, S.A. Reg’d
     9,384       62  
 
                
 
             151  
Energy 0.1%
                
Galp Energia SGPS S.A., B Shares
     7,926       84  
Food & Staples Retailing 0.0%
                
Jeronimo Martins, SGPS, S.A.
     4,675       24  
Materials 0.0%
                
CIMPOR-Cimentos de Portugal, SGPS, S.A.
     3,987       18  
Telecommunication Services 0.1%
                
Portugal Telecom SGPS S.A. - Reg’d
     25,930       209  
Transportation 0.0%
                
Brisa - Private Shares
     6,689       44  
Utilities 0.1%
                
EDP - Energias de Portugal S.A.
     44,280       157  
 
                
 
             687  
 
                
Singapore 0.7%
                
Banks 0.3%
                
DBS Group Holdings Ltd.
     35,056       202  
Oversea-Chinese Banking Corp., Ltd.
     37,897       127  
United Overseas Bank Ltd.
     23,238       180  
 
                
 
             509  
Capital Goods 0.1%
                
Fraser & Neave Ltd.
     27,000       51  
Hi-P International Ltd.
     239,892       51  
Keppel Corp., Ltd.
     30,000       79  
SembCorp Industries Ltd.
     13,000       19  
Singapore Technologies Engineering Ltd.
     52,700       79  
 
                
 
             279  
Media 0.0%
                
Singapore Press Holdings Ltd.
     30,000       55  
Real Estate 0.1%
                
Capitaland Ltd.
     45,000       70  

12

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
City Developments Ltd.
     9,000       33  
 
                
 
             103  
Telecommunication Services 0.1%
                
Singapore Telecommunications Ltd.
     107,486       186  
Transportation 0.1%
                
Neptune Orient Lines Ltd.
     26,146       19  
Singapore Airlines Ltd.
     15,270       112  
 
                
 
             131  
 
                
 
             1,263  
 
                
Spain 3.2%
                
Banks 1.4%
                
Banco Bilbao Vizcaya Argentaria S.A. *
     82,213       767  
Banco de Sabadell S.A.
     15,821       79  
Banco Espanol de Credito S.A.
     5,440       50  
Banco Popular Espanol S.A.
     22,735       156  
Banco Santander S.A. *
     191,352       1,548  
Banco Santander S.A. - Reg’d
     8,581       68  
Bankinter S.A.
     3,886       33  
 
                
 
             2,701  
Capital Goods 0.1%
                
ACS, Actividades de Construccion y Servicios S.A.
     3,431       138  
Fomento de Construcciones y Contratas S.A. (FCC)
     1,409       37  
Grupo Ferrovial S.A.
     1,593       42  
Sacyr Vallehermoso S.A.
     2,028       17  
 
                
 
             234  
Energy 0.4%
                
Compania Espanola de Petroleos S.A.
     809       71  
Repsol YPF S.A.
     38,424       686  
 
                
 
             757  
Insurance 0.0%
                
Mapfre S.A.
     25,936       73  
Materials 0.0%
                
Acerinox S.A.
     5,038       66  
Media 0.0%
                
Gestevision Telecinco S.A.
     1,474       13  
Retailing 0.1%
                
Industria de Diseno Textil S.A.
     2,338       89  
Telecommunication Services 0.7%
                
Telefonica S.A. *
     76,925       1,364  
Transportation 0.1%
                
Abertis Infraestructuras S.A.
     4,165       67  
Iberia Lineas Aereas de Espana S.A.
     21,324       49  
 
                
 
             116  
Utilities 0.4%
                
Acciona S.A.
     647       73  
Enagas
     1,718       30  
Gas Natural SDG S.A.
     2,680       64  
Iberdrola S.A.
     49,008       379  
Union Fenosa S.A.
     4,752       107  
 
                
 
             653  
 
                
 
             6,066  
 
                
Sweden 1.9%
                
Banks 0.3%
                
Nordea Bank AB
     51,735       274  
Skandinaviska Enskilda Banken AB, A Shares
     13,470       57  
Svenska Handelsbanken AB, A Shares
     13,273       145  
Swedbank AB, A Shares
     20,242       71  
 
                
 
             547  
Capital Goods 0.5%
                
AB SKF, B Shares
     9,944       83  
Assa Abloy AB, B Shares
     6,335       64  
Atlas Copco AB, A Shares
     15,232       102  
Atlas Copco AB, B Shares
     14,800       88  
NCC AB, B Shares
     3,597       22  
Sandvik AB
     17,229       88  
Scania AB, A Shares
     2,579       21  
Scania AB, B Shares
     7,250       58  
Skanska AB, B Shares
     14,317       122  
Trelleborg AB, B Shares
     4,041       21  
Volvo AB, A Shares
     16,203       66  
Volvo AB, B Shares
     34,450       137  
 
                
 
             872  
Commercial & Professional Supplies 0.1%
                
Loomis AB, Class B *
     2,160       16  
Securitas AB, B Shares
     10,800       87  
 
                
 
             103  
Consumer Durables & Apparel 0.1%
                
Electrolux AB, B Shares
     17,747       128  
Husqvarna AB, B Shares
     14,800       61  
 
                
 
             189  
Diversified Financials 0.2%
                
Industrivarden AB, A Shares
     8,900       49  
Industrivarden AB, C Shares
     3,939       19  
Investor AB, B Shares
     23,310       270  
Kinnevik Investment AB, B Shares
     9,735       70  
L E Lundbergforetagen AB, B Shares
     1,946       66  
 
                
 
             474  
Materials 0.2%
                
Boliden AB
     7,250       15  
Holmen AB, B Shares
     3,600       73  
SSAB Svenskt Stal AB, A Shares
     8,300       58  
SSAB Svenskt Stal AB, B Shares
     1,049       7  

13

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Svenska Cellulosa AB (SCA), B Shares
     24,100       188  
 
                
 
             341  
Retailing 0.1%
                
Hennes & Mauritz AB, B Shares
     3,369       130  
Technology Hardware & Equipment 0.3%
                
Telefonaktiebolaget LM Ericsson, B Shares
     62,582       492  
Telecommunication Services 0.1%
                
Tele2 AB, B Shares
     8,400       68  
TeliaSonera AB
     49,466       217  
 
                
 
             285  
Transportation 0.0%
                
SAS AB *
     14,274       75  
 
                
 
             3,508  
 
                
Switzerland 5.1%
                
Capital Goods 0.1%
                
ABB Ltd. - Reg’d *
     14,406       187  
Schindler Holding AG - Reg’d
     408       18  
 
                
 
             205  
Commercial & Professional Supplies 0.1%
                
Adecco S.A. - Reg’d
     3,448       116  
SGS S.A. - Reg’d
     107       113  
 
                
 
             229  
Consumer Durables & Apparel 0.1%
                
Compagnie Financiere Richemont S.A., Series A
     3,551       52  
Swatch Group AG
     283       32  
Swatch Group AG - Reg’d
     645       14  
 
                
 
             98  
Diversified Financials 1.3%
                
Credit Suisse Group AG - Reg’d
     33,600       857  
Julius Baer Holding AG - Reg’d
     3,070       91  
Pargesa Holding S.A.
     1,107       71  
UBS AG - Reg’d *
     117,509       1,474  
 
                
 
             2,493  
Energy 0.0%
                
Petroplus Holdings AG *
     1,261       25  
Food, Beverage & Tobacco 1.0%
                
Nestle S.A. - Reg’d
     55,601       1,922  
Insurance 0.6%
                
Baloise Holding AG - Reg’d
     1,413       88  
Helvetia Holding AG
     111       23  
Swiss Life Holding AG - Reg’d *
     1,679       91  
Swiss Re - Reg’d
     10,234       272  
Zurich Financial Services AG - Reg’d
     3,890       701  
 
                
 
             1,175  
Materials 0.2%
                
Clariant AG - Reg’d *
     14,283       71  
Givaudan S.A. - Reg’d
     121       82  
Holcim Ltd. - Reg’d
     3,408       137  
Syngenta AG - Reg’d
     686       133  
 
                
 
             423  
Pharmaceuticals, Biotechnology & Life Sciences 1.5%
                
Novartis AG - Reg’d
     38,907       1,598  
Roche Holding AG
     8,440       1,185  
Roche Holding AG
     222       33  
 
                
 
             2,816  
Telecommunication Services 0.1%
                
Swisscom AG - Reg’d
     503       158  
Transportation 0.1%
                
Kuehne & Nagel International AG - Reg’d
     1,585       87  
Utilities 0.0%
                
BKW FMB Energie AG
     207       18  
 
                
 
             9,649  
 
                
United Kingdom 19.8%
                
Automobiles & Components 0.0%
                
GKN plc
     28,231       34  
Banks 2.5%
                
Barclays plc
     312,306       460  
Bradford & Bingley plc (a)(b)
     87,225       —  
HSBC Holdings plc
     397,906       3,087  
Lloyds Banking Group plc
     421,600       549  
Northern Rock plc (a)(b)
     4,722       —  
Royal Bank of Scotland Group plc
     969,866       305  
Standard Chartered plc
     28,339       358  
 
                
 
             4,759  
Capital Goods 0.5%
                
BAE Systems plc
     55,595       323  
Balfour Beatty plc
     21,850       117  
Bunzl plc
     13,867       113  
IMI plc
     10,217       40  
Rolls-Royce Group plc *
     31,844       152  
Rolls-Royce Group plc, C Shares (a)(b) *
     1,821,476       —  
Smiths Group plc
     10,008       124  
Tomkins plc
     39,315       67  
Travis Perkins plc
     4,014       18  
Wolseley plc
     34,014       84  
 
                
 
             1,038  
Commercial & Professional Supplies 0.2%
                
Experian plc
     10,245       64  
G4S plc
     27,616       76  
Hays plc
     91,156       99  
Rentokil Initial plc
     77,797       48  
 
                
 
             287  
Consumer Durables & Apparel 0.1%
                
Barratt Developments plc
     18,899       19  
Bellway plc
     5,194       43  
Persimmon plc
     13,108       55  

14

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Taylor Wimpey plc
     40,452       9  
 
                
 
             126  
Consumer Services 0.7%
                
Carnival plc
     15,834       288  
Compass Group plc
     60,460       299  
Enterprise Inns plc
     14,880       10  
InterContinental Hotels Group plc
     17,123       129  
Ladbrokes plc
     116,461       304  
Mitchells & Butlers plc
     35,740       96  
Punch Taverns plc
     8,783       6  
Rank Group plc *
     52,750       45  
Tui Travel plc
     21,998       71  
Whitbread plc
     6,521       77  
William Hill plc
     20,202       69  
 
                
 
             1,394  
Diversified Financials 0.2%
                
3i Group plc
     13,284       44  
Close Brothers Group plc
     5,408       39  
ICAP plc
     15,847       54  
Investec plc
     25,540       92  
Man Group plc
     18,934       56  
Provident Financial plc
     5,972       67  
Schroders plc
     6,352       70  
Schroders plc - Non Voting
     1,318       12  
 
                
 
             434  
Energy 5.0%
                
AMEC plc
     12,402       101  
BG Group plc
     22,074       302  
BP plc
     649,779       4,602  
Royal Dutch Shell plc, Class A
     104,269       2,599  
Royal Dutch Shell plc, Class B
     79,857       1,896  
 
                
 
             9,500  
Food & Staples Retailing 0.8%
                
J Sainsbury plc
     72,627       349  
Tesco plc
     185,403       958  
William Morrison Supermarkets plc
     52,324       204  
 
                
 
             1,511  
Food, Beverage & Tobacco 1.6%
                
Associated British Foods plc
     10,015       96  
British American Tobacco plc
     29,448       807  
British American Tobacco plc
     2,254       62  
Cadbury plc
     26,646       214  
Diageo plc
     47,195       633  
Imperial Tobacco Group plc
     14,641       400  
SABMiller plc
     10,009       164  
Tate & Lyle plc
     14,942       72  
Unilever plc
     25,366       556  
 
                
 
             3,004  
Health Care Equipment & Services 0.1%
                
Smith & Nephew plc
     15,998       116  
Household & Personal Products 0.1%
                
Reckitt Benckiser Group plc
     5,920       228  
Insurance 1.0%
                
Aviva plc
     130,829       591  
Friends Provident plc
     91,862       110  
Legal & General Group plc
     259,078       230  
Old Mutual plc
     105,607       80  
Prudential plc
     74,243       357  
RSA Insurance Group plc
     108,825       206  
Standard Life plc
     85,547       272  
 
                
 
             1,846  
Materials 0.6%
                
Anglo American plc
     9,965       179  
Antofagasta plc
     11,598       70  
BHP Billiton plc
     15,549       260  
Johnson Matthey plc
     4,969       70  
Kazakhmys plc
     31,262       100  
Lonmin plc
     4,812       60  
Mondi plc
     16,154       42  
Rexam plc
     16,904       76  
Rio Tinto plc
     5,768       124  
Vedanta Resources plc
     12,269       97  
Xstrata plc
     9,677       79  
 
                
 
             1,157  
Media 0.4%
                
Aegis Group plc
     56,363       62  
British Sky Broadcasting Group plc
     13,537       97  
Daily Mail & General Trust plc
     7,562       29  
ITV plc
     116,077       46  
Pearson plc
     23,287       222  
Thomson Reuters plc
     4,035       81  
Trinity Mirror plc
     11,998       8  
United Business Media Ltd.
     19,328       135  
Yell Group plc
     32,277       21  
 
                
 
             701  
Pharmaceuticals, Biotechnology & Life Sciences 2.0%
                
AstraZeneca plc
     36,652       1,412  
GlaxoSmithKline plc
     124,576       2,197  
Shire plc
     6,028       88  
 
                
 
             3,697  
Real Estate 0.2%
                
British Land Co. plc
     17,923       117  
Hammerson plc
     8,163       48  
Land Securities Group plc
     15,319       153  
Liberty International plc
     11,818       63  
Segro plc
     24,823       57  
 
                
 
             438  
Retailing 0.5%
                
DSG International plc
     196,803       63  
Home Retail Group plc
     40,265       119  
Inchcape plc
     12,528       7  
Kesa Electricals plc
     27,121       40  
Kingfisher plc
     232,075       464  
Marks & Spencer Group plc
     46,448       154  
Next plc
     5,272       90  

15

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Carphone Warehouse Group plc
     5,098       7  
 
                
 
             944  
Software & Services 0.1%
                
Logica plc
     103,954       98  
The Sage Group plc
     23,326       61  
 
                
 
             159  
Technology Hardware & Equipment 0.0%
                
Electrocomponents plc
     21,082       40  
Telecommunication Services 1.9%
                
BT Group plc
     321,040       486  
Cable & Wireless plc
     52,039       118  
Vodafone Group plc
     1,560,773       2,899  
 
                
 
             3,503  
Transportation 0.2%
                
Arriva plc
     13,213       87  
British Airways plc
     30,501       53  
EasyJet plc *
     18,816       81  
FirstGroup plc
     12,810       51  
National Express Group plc
     3,666       17  
 
                
 
             289  
Utilities 1.1%
                
British Energy Group plc
     22,184       247  
Centrica plc
     124,700       464  
Drax Group plc
     10,281       83  
International Power plc
     15,475       61  
National Grid plc
     59,436       555  
Pennon Group plc
     14,939       97  
Scottish & Southern Energy plc
     17,099       294  
Severn Trent plc
     7,318       115  
United Utilities Group plc
     20,768       162  
 
                
 
             2,078  
 
                
 
             37,283  
 
                
United States 0.1%
                
Health Care Equipment & Services 0.1%
                
Synthes, Inc.
     792       95  
 
                
Total Common Stock
(Cost $324,376)		             177,111  
 
                
Other Investment Companies 4.7% of net assets
                
 
                
United States 4.7%
                
iShares MSCI EAFE Index Fund
     230,000       8,901  
 
                
Total Other Investment Companies
(Cost $9,330)		             8,901  
 
                
Preferred Stock 0.3% of net assets
                
 
                
Germany 0.2%
                
Automobiles & Components 0.1%
                
Porsche Automobil Holding SE
     2,434       143  
Volkswagen AG
     3,291       162  
 
                
 
             305  
Health Care Equipment & Services 0.1%
                
Fresenius SE
     1,716       95  
Household & Personal Products 0.1%
                
Henkel KGaA
     4,494       116  
Media 0.0%
                
Prosiebensat.1 Media AG
     1,900       4  
 
                
 
             520  
 
                
Italy 0.1%
                
Diversified Financials 0.1%
                
Istituto Finanziario Industriale S.p.A. *
     9,876       57  
Insurance 0.0%
                
Unipol Gruppo Finanziario S.p.A.
     53,859       56  
 
                
 
             113  
 
                
Switzerland 0.0%
                
Capital Goods 0.0%
                
Schindler Holding AG
     279       13  
 
                
Total Preferred Stock
(Cost $1,660)		             646  
 
                
Rights 0.0% of net assets
                
 
                
Australia 0.0%
                
Macquarie Office Trust (a)(b)
     50,381       —  
Wesfarmers Ltd. (a)
     3,591       2  
Wesfarmers Ltd. (a)
     773       1  
 
                
 
             3  
 
                
Belgium 0.0%
                
Fortis (a)(b)
     25,402       —  
 
                
Total Rights
(Cost $—)		             3  
 
                
 
End of Investments.
                
(All dollar amount are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $347,738 and the unrealized appreciation and depreciation were $2,037 and ($163,114), respectively, with a net unrealized depreciation of ($161,077.)
At 01/31/09, the prices of certain foreign securities held by the fund aggregating $166,462, were adjusted from their closing market prices following the guidelines by the fund’s Board of Trustees.
 
*   Non-income producing security.
 
(a)   Fair-valued by Management.

16

 

Schwab Fundamental International Large Company Index Fund
Portfolio Holdings (Unaudited) continued
 
(b)   Illiquid Security. At the period end, the value $12 or 0.0% of net assets.
CVA - Dutch Certificate
FDR - Fiduciary Depositary Receipt
Reg’d - Registered
REIT - Real Estate Investment Trust
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 20,067  
Level 2 - Other Significant Observable Inputs
     166,421  
Level 3 - Significant Unobservable Inputs
     173  
 
      
Total
   $ 186,661  
 
      
 
*   The fund had no other financial instruments.
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
         
    Value of  
    Investment in  
    Securities  
Balance as of 10/31/08
   $ 122  
Accrued discount/premiums
     —  
Realized gain/loss
     (42 )
Change in unrealized appreciation (depreciation)
     51  
Net purchases (sales)
     (1 )
Transfer in and/or out of Level 3
     43  
 
      
Balance as of 1/31/09
   $ 173  
 
      
REG46848JAN09

17

 

Schwab Capital Trust
Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  95.1 %  
Common Stock
     222,025       146,446  
  2.6 %  
Foreign Common Stock
     6,398       3,963  
  1.4 %  
Other Investment Company
     2,226       2,225  
  — %  
Preferred Stock
     42       22  
  — %  
Rights
     3       2  
  0.6 %  
Short-Term Investments
     869       869  
  99.7 %  
Total Investments
     231,563       153,527  
  0.3 %  
Other Assets and Liabilities, Net
             405  
  100.0 %  
Net Assets
             153,932  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 95.1% of net assets
                
 
                
Automobiles & Components 0.4%
                
Dorman Products, Inc. *
     5,200       52  
Drew Industries, Inc. *
     8,315       71  
Gentex Corp.
     25,270       212  
Hayes Lemmerz International, Inc. *
     58,800       5  
Modine Manufacturing Co.
     28,015       77  
Standard Motor Products, Inc.
     13,100       31  
Stoneridge, Inc. *
     5,600       11  
Superior Industries International, Inc.
     15,260       157  
Winnebago Industries, Inc.
     9,765       54  
 
                
 
             670  
 
                
Banks 10.1%
                
1st Source Corp.
     6,440       115  
AMCORE Financial, Inc.
     4,181       6  
Ameris Bancorp
     4,100       31  
Anchor BanCorp Wisconsin, Inc.
     3,545       7  
Arrow Financial Corp.
     3,921       92  
BancFirst Corp.
     2,175       77  
Bank Mutual Corp.
     6,760       60  
Bank of the Ozarks, Inc.
     3,300       75  
BankAtlantic Bancorp, Inc., Class A
     3,400       8  
BankFinancial Corp.
     4,200       40  
BankUnited Financial Corp., Class A
     18,760       5  
Banner Corp.
     5,460       17  
Beneficial Mutual Bancorp, Inc. *
     12,100       116  
Berkshire Hills Bancorp, Inc.
     5,000       118  
Boston Private Financial Holdings, Inc.
     21,540       101  
Brookline Bancorp, Inc.
     26,310       254  
Cadence Financial Corp.
     2,100       9  
Camden National Corp.
     1,745       41  
Capital City Bank Group, Inc.
     4,895       78  
Capitol Bancorp Ltd.
     5,880       35  
Capitol Federal Financial
     3,580       148  
Cascade Bancorp
     8,155       19  
Cathay General Bancorp
     13,400       170  
Central Pacific Financial Corp.
     12,045       81  
Chemical Financial Corp.
     11,230       256  
City Bank
     6,780       21  
City Holding Co.
     4,390       113  
Columbia Banking System, Inc.
     4,055       36  
Community Bank System, Inc.
     10,750       193  
Community Trust Bancorp, Inc.
     5,295       148  
Corus Bankshares, Inc.
     10,625       12  
CVB Financial Corp.
     25,780       232  
Dime Community Bancshares
     10,850       109  
East West Bancorp, Inc.
     17,365       165  
F.N.B. Corp.
     38,003       301  
Farmers Capital Bank Corp.
     2,770       51  
Federal Agricultural Mortgage Corp., Class C
     1,400       5  
Fifth Third Bancorp
     118       —  
Financial Institutions, Inc.
     3,300       28  
First Bancorp
     8,805       127  
First BanCorp Puerto Rico
     44,230       314  
First Busey Corp.
     7,515       66  
First Citizens BancShares, Inc., Class A
     2,258       316  
First Commonwealth Financial Corp.
     35,290       338  
First Community Bancshares, Inc.
     3,175       55  
First Financial Bancorp
     13,790       112  
First Financial Bankshares, Inc.
     5,305       236  
First Financial Corp.
     3,600       119  
First Financial Holdings, Inc.
     5,285       80  
First Merchants Corp.
     7,265       114  
First Midwest Bancorp, Inc.
     15,155       152  
First Niagra Financial Group, Inc.
     42,155       551  
First Place Financial Corp.
     3,600       10  
First State Bancorp
     2,900       3  
FirstFed Financial Corp. *
     3,515       3  
Flushing Financial Corp.
     5,535       44  
Frontier Financial Corp.
     13,055       23  
Glacier Bancorp, Inc.
     12,980       199  
Great Southern Bancorp, Inc.
     3,070       33  
Greene Bancshares, Inc.
     4,016       40  
Guaranty Bancorp *
     22,530       34  
Hancock Holding Co.
     7,930       217  
Hanmi Financial Corp.
     5,870       11  
Harleysville National Corp.
     16,825       157  
Heartland Financial USA, Inc.
     5,450       75  
IBERIABANK Corp.
     3,550       150  

1

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Imperial Capital Bancorp, Inc.
     1,400       1  
Independent Bank Corp.
     5,595       104  
Independent Bank Corp., Michigan
     5,760       9  
Integra Bank Corp.
     5,645       9  
International Bancshares Corp.
     15,112       275  
Investors Bancorp, Inc. *
     10,065       108  
Irwin Financial Corp. *
     7,675       18  
Kearny Financial Corp.
     8,735       94  
Lakeland Bancorp, Inc.
     7,837       61  
Macatawa Bank Corp.
     3,000       8  
MainSource Financial Group, Inc.
     7,000       68  
MB Financial, Inc.
     9,845       161  
MBT Financial Corp.
     4,068       11  
Merchants Bancshares, Inc.
     100       2  
Midwest Banc Holdings, Inc.
     8,220       10  
Nara Bancorp, Inc.
     6,080       36  
NASB Financial, Inc.
     1,303       27  
National Penn Bancshares, Inc.
     15,323       148  
NBT Bancorp, Inc.
     11,855       271  
NewAlliance Bancshares, Inc.
     25,875       284  
Northwest Bancorp, Inc.
     5,080       94  
OceanFirst Financial Corp.
     3,700       47  
Ocwen Financial Corp. *
     32,505       289  
Old National Bancorp
     28,325       361  
Old Second Bancorp, Inc.
     3,375       30  
Oriental Financial Group, Inc.
     8,355       42  
Oritani Financial Corp. *
     7,100       106  
Pacific Capital Bancorp
     17,070       181  
PacWest Bancorp
     9,780       165  
Park National Corp.
     6,610       359  
Peoples Bancorp, Inc.
     3,475       35  
PrivateBancorp, Inc.
     3,855       56  
Prosperity Bancshares, Inc.
     5,300       143  
Provident Bankshares Corp.
     25,630       165  
Provident Financial Services, Inc.
     21,290       233  
Provident New York Bancorp
     10,185       97  
Renasant Corp.
     7,200       87  
Republic Bancorp, Inc., Class A
     6,300       113  
Royal Bancshares of Pennsylvania, Inc., Class A
     2,300       9  
S&T Bancorp, Inc.
     9,090       231  
S.Y. Bancorp, Inc.
     4,765       109  
Sandy Spring Bancorp, Inc.
     5,795       82  
Santander BanCorp
     7,640       64  
SCBT Financial Corp.
     4,000       107  
Seacoast Banking Corp. of Florida
     3,590       16  
Security Bank Corp.
     4,400       4  
Signature Bank *
     5,090       131  
Simmons First National Corp., Class A
     6,000       148  
Southwest Bancorp, Inc.
     5,100       53  
StellarOne Corp.
     8,042       105  
Sterling Bancorp
     9,645       106  
Sterling Bancshares, Inc.
     16,525       92  
Sterling Financial Corp.
     14,540       27  
Suffolk Bancorp
     3,965       121  
Sun Bancorp, Inc. *
     5,173       29  
Susquehanna Bancshares, Inc.
     23,654       260  
SVB Financial Group *
     5,435       113  
Taylor Capital Group, Inc.
     200       1  
Texas Capital Bancshares, Inc. *
     6,900       78  
TierOne Corp.
     2,785       4  
Tompkins Financial Corp.
     2,165       109  
Triad Guaranty, Inc. *
     6,705       3  
TriCo Bancshares
     6,800       137  
TrustCo Bank Corp. NY
     32,370       217  
UCBH Holdings, Inc.
     23,200       54  
UMB Financial Corp.
     5,901       229  
Umpqua Holdings Corp.
     20,490       201  
Union Bankshares Corp.
     4,900       77  
United Bankshares, Inc.
     14,895       313  
United Community Banks, Inc.
     14,281       74  
United Community Financial Corp.
     9,081       5  
Univest Corp. of Pennsylvania
     4,600       105  
Washington Trust Bancorp, Inc.
     4,885       80  
Waterstone Financial, Inc. *
     3,716       9  
WesBanco, Inc.
     8,370       173  
West Bancorp
     5,700       46  
West Coast Bancorp
     3,265       10  
Westamerica Bancorp
     6,470       276  
Western Alliance Bancorp *
     13,665       104  
Wintrust Financial Corp.
     6,400       86  
WSFS Financial Corp.
     2,635       68  
 
                
 
             15,526  
 
                
Capital Goods 10.4%
                
A.O. Smith Corp.
     8,560       235  
AAR CORP. *
     8,440       153  
Aceto Corp.
     9,500       85  
Actuant Corp., Class A
     9,720       160  
Alamo Group, Inc.
     3,400       43  
Albany International Corp., Class A
     8,530       85  
Altra Holdings, Inc. *
     2,700       19  
American Railcar Industries, Inc.
     9,050       76  
American Woodmark Corp.
     5,595       84  
Ameron International Corp.
     1,940       97  
Ampco-Pittsburgh Corp.
     2,760       51  
Apogee Enterprises, Inc.
     13,195       135  
Applied Industrial Technologies, Inc.
     11,920       188  
Argon ST, Inc. *
     3,865       74  
Astec Industries, Inc. *
     4,550       112  
Baldor Electric Co.
     8,070       113  
Barnes Group, Inc.
     10,225       116  
BE Aerospace, Inc. *
     13,945       135  
Beacon Roofing Supply, Inc. *
     31,730       404  
Belden, Inc.
     7,760       101  
Blount International, Inc. *
     12,005       101  
Brady Corp., Class A
     12,315       258  
Bucyrus International, Inc.
     4,110       64  
Builders FirstSource, Inc. *
     8,855       11  
C&D Technologies, Inc. *
     7,000       21  
Cascade Corp.
     3,755       86  
Ceradyne, Inc. *
     5,350       122  
Chart Industries, Inc. *
     6,300       53  
CIRCOR International, Inc.
     3,590       80  

2

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
CLARCOR, Inc.
     8,025       243  
Columbus McKinnon Corp., NY *
     5,100       65  
Commercial Vehicle Group, Inc. *
     9,300       9  
Cubic Corp.
     5,190       141  
Curtiss-Wright Corp.
     8,305       268  
Donaldson Co., Inc.
     10,575       329  
Ducommun, Inc.
     3,200       61  
Dycom Industries, Inc. *
     23,210       158  
DynCorp International, Inc., Class A *
     11,585       174  
Encore Wire Corp.
     9,340       154  
Energy Conversion Devices, Inc. *
     4,630       116  
EnerSys *
     14,475       132  
EnPro Industries, Inc. *
     7,990       146  
ESCO Technologies, Inc. *
     5,700       202  
Esterline Technologies Corp. *
     5,670       205  
Federal Signal Corp.
     24,100       163  
First Solar, Inc. *
     440       63  
Franklin Electric Co., Inc.
     4,880       127  
FreightCar America, Inc.
     2,335       45  
Gardner Denver, Inc. *
     9,595       209  
General Cable Corp. *
     5,655       93  
Gibraltar Industries, Inc.
     17,055       174  
Graco, Inc.
     12,240       260  
GrafTech International Ltd. *
     12,310       99  
Great Lakes Dredge & Dock Co.
     8,000       27  
Griffon Corp. *
     50,168       499  
H&E Equipment Services, Inc. *
     4,320       29  
HEICO Corp.
     1,100       43  
HEICO Corp., Class A
     4,745       138  
Herley Industries, Inc. *
     6,300       70  
Hexcel Corp. *
     14,105       117  
IDEX Corp.
     10,842       245  
II-VI, Inc. *
     3,165       60  
Insituform Technologies, Inc., Class A *
     12,515       235  
Insteel Industries, Inc.
     6,400       49  
Integrated Electrical Services, Inc. *
     11,600       96  
Interline Brands, Inc. *
     12,560       100  
Kadant, Inc. *
     4,100       41  
Kaman Corp.
     8,320       159  
Kaydon Corp.
     5,615       153  
Ladish Co., Inc. *
     4,300       49  
Lawson Products, Inc.
     1,680       32  
Layne Christensen Co. *
     5,100       80  
LSI Industries, Inc.
     7,400       34  
Lydall, Inc. *
     8,100       30  
MasTec, Inc. *
     16,110       171  
Michael Baker Corp. *
     3,700       129  
Moog, Inc., Class A *
     10,715       321  
NCI Building Systems, Inc. *
     10,245       119  
NN, Inc.
     4,000       7  
Nordson Corp.
     4,455       135  
Northwest Pipe Co. *
     2,600       92  
Orbital Sciences Corp. *
     9,155       153  
Otter Tail Corp.
     12,880       261  
Perini Corp. *
     11,280       235  
Pike Electric Corp. *
     6,020       68  
Polypore International, Inc. *
     7,100       49  
Powell Industries, Inc. *
     1,770       42  
Quanex Building Products Corp.
     7,550       64  
Quanta Services, Inc. *
     23,391       500  
Raven Industries, Inc.
     4,265       93  
RBC Bearings, Inc. *
     3,000       55  
Regal-Beloit Corp.
     9,065       308  
Robbins & Myers, Inc.
     7,300       126  
RSC Holdings, Inc. *
     27,200       193  
Rush Enterprises, Inc., Class A *
     10,960       100  
Rush Enterprises, Inc., Class B *
     2,900       26  
Sauer-Danfoss, Inc.
     7,940       60  
Simpson Manufacturing Co., Inc.
     9,485       190  
Standex International Corp.
     7,950       122  
Stanley, Inc. *
     4,400       133  
SunPower Corp., Class A *
     2,100       70  
SunPower Corp., Class B *
     5,269       139  
TAL International Group, Inc.
     7,690       81  
Tecumseh Products Co., Class A *
     13,570       111  
Tecumseh Products Co., Class B *
     2,500       20  
Teledyne Technologies, Inc. *
     6,570       183  
Tennant Co.
     5,210       71  
The Gorman-Rupp Co.
     2,600       67  
The Greenbrier Cos., Inc.
     9,820       54  
The Manitowoc Co., Inc.
     10,930       60  
The Middleby Corp. *
     1,808       42  
The Toro Co.
     6,870       203  
Thermadyne Holdings Corp. *
     13,600       48  
Titan International, Inc.
     7,575       59  
TransDigm Group, Inc. *
     4,980       170  
Tredegar Corp.
     12,775       211  
Trex Co., Inc. *
     6,200       92  
TriMas Corp. *
     6,800       10  
Triumph Group, Inc.
     3,830       173  
Universal Forest Products, Inc.
     9,970       209  
Valmont Industries, Inc.
     2,310       94  
Wabash National Corp.
     28,245       80  
Wabtec Corp.
     6,160       184  
Watsco, Inc.
     8,545       282  
Watts Water Technologies, Inc., Class A
     10,175       227  
Willis Lease Finance Corp. *
     200       2  
Woodward Governor Co.
     9,000       185  
Xerium Technologies, Inc. *
     13,455       7  
 
                
 
             16,070  
 
                
Commercial & Professional Supplies 4.9%
                
ABM Industries, Inc.
     16,310       242  
Acco Brands Corp. *
     24,370       47  
Administaff, Inc.
     8,460       178  
American Reprographics Co. *
     7,410       45  
AMREP Corp. *
     1,000       28  
ATC Technology Corp. *
     6,785       89  
Bowne & Co., Inc.
     6,932       19  
Casella Waste Systems, Inc., Class A *
     11,000       30  

3

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
CBIZ, Inc. *
     14,595       119  
CDI Corp.
     7,920       85  
Cenveo, Inc. *
     11,075       44  
Clean Harbors, Inc. *
     3,265       175  
Comfort Systems USA, Inc.
     11,300       116  
Consolidated Graphics, Inc. *
     5,820       94  
Copart, Inc. *
     6,265       151  
Cornell Cos., Inc. *
     5,300       81  
CoStar Group, Inc. *
     2,140       63  
Courier Corp.
     1,455       23  
CRA International, Inc. *
     2,745       58  
EnergySolutions, Inc.
     16,700       75  
Ennis, Inc.
     10,440       117  
First Advantage Corp., Class A *
     10,700       136  
FTI Consulting, Inc. *
     4,365       179  
G & K Services, Inc., Class A
     5,450       101  
Healthcare Services Group, Inc.
     8,470       130  
Heidrick & Struggles International, Inc.
     5,170       79  
Herman Miller, Inc.
     9,330       102  
Hudson Highland Group, Inc. *
     23,085       57  
ICT Group, Inc. *
     4,000       15  
Interface, Inc., Class A
     16,925       69  
Kforce, Inc. *
     16,700       104  
Kimball International, Inc., Class B
     28,325       195  
Knoll, Inc.
     15,100       103  
Korn/Ferry International *
     10,330       97  
LECG Corp. *
     10,255       33  
M&F Worldwide Corp. *
     5,000       53  
McGrath Rentcorp
     6,625       139  
Mine Safety Appliances Co.
     5,685       111  
Mobile Mini, Inc. *
     11,625       147  
Monster Worldwide, Inc. *
     15,120       139  
MPS Group, Inc. *
     32,545       197  
Navigant Consulting, Inc. *
     12,725       182  
Resources Connection, Inc. *
     10,500       152  
Rollins, Inc.
     8,415       131  
Schawk, Inc.
     2,660       22  
School Specialty, Inc. *
     8,600       142  
Spherion Corp. *
     27,890       40  
Standard Parking Corp. *
     1,600       31  
Stericycle, Inc. *
     6,090       298  
Sykes Enterprises, Inc. *
     8,030       134  
Tetra Tech, Inc. *
     16,655       387  
The Advisory Board Co. *
     2,530       44  
The Corporate Executive Board Co.
     4,150       84  
The Dun & Bradstreet Corp.
     4,920       374  
The Geo Group, Inc. *
     5,990       89  
The Standard Register Co.
     20,150       146  
TrueBlue, Inc. *
     18,430       157  
Viad Corp.
     8,565       190  
Volt Information Sciences, Inc. *
     15,850       84  
Waste Connections, Inc. *
     15,930       462  
Waste Services, Inc. *
     5,100       26  
Watson Wyatt Worldwide, Inc., Class A
     5,995       279  
 
                
 
             7,519  
 
                
Consumer Durables & Apparel 2.6%
                
Arctic Cat, Inc.
     18,300       79  
Bassett Furniture Industries, Inc.
     4,900       16  
Blyth, Inc.
     11,490       39  
California Coastal Communities, Inc. *
     10,575       13  
Callaway Golf Co.
     18,555       141  
Carter’s, Inc. *
     9,025       153  
Champion Enterprises, Inc. *
     13,605       6  
Cherokee, Inc.
     2,400       37  
Columbia Sportswear Co.
     2,880       83  
Crocs, Inc. *
     2,460       3  
CSS Industries, Inc.
     3,875       59  
Deckers Outdoor Corp. *
     1,630       85  
Ethan Allen Interiors, Inc.
     13,885       158  
Fossil, Inc. *
     6,805       79  
G-III Apparel Group Ltd. *
     2,900       16  
Hooker Furniture Corp.
     1,500       12  
Iconix Brand Group, Inc. *
     11,800       98  
JAKKS Pacific, Inc. *
     9,325       171  
Johnson Outdoors, Inc., Class A
     200       2  
K-Swiss, Inc., Class A
     10,630       114  
Kenneth Cole Productions, Inc., Class A
     8,240       53  
La-Z-Boy, Inc.
     44,000       43  
Leapfrog Enterprises, Inc. *
     25,735       52  
Libbey, Inc.
     2,500       3  
M/I Homes, Inc.
     13,400       118  
Maidenform Brands, Inc. *
     3,600       32  
Marine Products Corp.
     3,180       12  
Movado Group, Inc.
     6,100       47  
National Presto Industries, Inc.
     1,645       110  
Nautilus, Inc. *
     23,375       32  
Oxford Industries, Inc.
     9,710       65  
Palm Harbor Homes, Inc. *
     24,900       88  
Perry Ellis International, Inc. *
     4,700       18  
Phillips-Van Heusen Corp.
     10,070       192  
Pool Corp.
     14,880       236  
RC2 Corp. *
     9,320       54  
Russ Berrie & Co., Inc. *
     7,055       12  
Sealy Corp. *
     5,130       9  
Skechers U.S.A., Inc., Class A *
     12,685       126  
Skyline Corp.
     4,085       82  
Stanley Furniture Co., Inc.
     200       2  
Steinway Musical Instruments, Inc. *
     3,700       43  
Steven Madden Ltd. *
     5,675       99  
Sturm, Ruger & Co., Inc. *
     6,100       40  
Tempur-Pedic International, Inc.
     15,515       109  
The Warnaco Group, Inc. *
     10,260       232  
Under Armour, Inc., Class A *
     3,055       57  
Unifi, Inc. *
     64,400       118  
UniFirst Corp.
     5,625       148  
Velcro Industries N.V.
     4,200       88  
Weyco Group, Inc.
     3,700       106  
Wolverine World Wide, Inc.
     9,550       173  
 
                
 
             3,963  

4

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Consumer Services 4.6%
                
AFC Enterprises, Inc. *
     27,900       134  
Ameristar Casinos, Inc.
     9,075       81  
Bally Technologies, Inc. *
     6,425       130  
Benihana, Inc., Class A *
     800       2  
Bluegreen Corp. *
     8,870       16  
Bob Evans Farms, Inc.
     11,865       208  
California Pizza Kitchen, Inc. *
     7,900       82  
CEC Entertainment, Inc. *
     8,880       207  
Chipotle Mexican Grill, Inc., Class A *
     1,060       51  
Chipotle Mexican Grill, Inc., Class B *
     1,900       87  
Choice Hotels International, Inc.
     5,990       158  
Churchill Downs, Inc.
     2,295       79  
CKE Restaurants, Inc.
     24,865       206  
Coinstar, Inc. *
     5,625       129  
Corinthian Colleges, Inc. *
     35,565       664  
Cracker Barrel Old Country Store, Inc.
     11,220       197  
Denny’s Corp. *
     20,300       35  
DeVry, Inc.
     5,785       310  
DineEquity, Inc.
     4,290       38  
Domino’s Pizza, Inc. *
     15,215       102  
Dover Downs Gaming & Entertainment, Inc.
     3,900       12  
Gaylord Entertainment Co. *
     9,640       102  
Great Wolf Resorts, Inc. *
     5,700       11  
International Speedway Corp., Class A
     10,090       235  
Isle of Capri Casinos, Inc. *
     11,275       32  
ITT Educational Services, Inc. *
     3,755       460  
Jackson Hewitt Tax Service, Inc.
     6,505       86  
Krispy Kreme Doughnuts, Inc. *
     18,675       26  
Landry’s Restaurant, Inc.
     10,740       69  
LIFE TIME FITNESS, Inc. *
     5,285       78  
Lincoln Educational Services *
     3,500       51  
Lodgian, Inc. *
     5,400       10  
Luby’s, Inc. *
     4,700       21  
Matthews International Corp., Class A
     4,715       184  
McCormick & Schmick’s Seafood Restaurants, Inc. *
     2,100       7  
Morgans Hotel Group *
     5,100       19  
MTR Gaming Group, Inc. *
     7,005       11  
Multimedia Games, Inc. *
     3,280       6  
O’Charley’s, Inc.
     13,975       35  
P.F. Chang’s China Bistro, Inc. *
     7,905       140  
Panera Bread Co., Class A *
     5,675       267  
Papa John’s International, Inc. *
     6,310       120  
Pinnacle Entertainment, Inc. *
     18,385       125  
Pre-Paid Legal Services, Inc. *
     1,460       49  
Red Lion Hotels Corp. *
     5,000       11  
Red Robin Gourmet Burgers, Inc. *
     3,280       40  
Ruby Tuesday, Inc. *
     42,970       53  
Scientific Games Corp., Class A *
     11,730       148  
Sonic Corp. *
     8,000       78  
Sotheby’s
     3,600       31  
Speedway Motorsports, Inc.
     7,415       107  
Steiner Leisure Ltd. *
     3,060       76  
Stewart Enterprises, Inc., Class A
     30,760       105  
Strayer Education, Inc.
     647       140  
Texas Roadhouse, Inc., Class A *
     17,510       134  
The Cheesecake Factory, Inc. *
     14,135       123  
The Marcus Corp.
     12,230       126  
The Steak n Shake Co. *
     16,470       94  
Tim Hortons, Inc.
     11,630       286  
Trump Entertainment Resorts, Inc. *
     36,108       8  
Universal Technical Institute, Inc. *
     5,380       94  
Vail Resorts, Inc. *
     3,960       92  
Weight Watchers International, Inc.
     3,180       73  
WMS Industries, Inc. *
     4,232       94  
Wynn Resorts Ltd. *
     2,085       63  
 
                
 
             7,048  
 
                
Diversified Financials 3.3%
                
Advance America Cash Advance Centers, Inc.
     14,115       20  
Advanta Corp., Class A
     352       —  
Advanta Corp., Class B
     17,042       13  
Affiliated Managers Group, Inc. *
     5,719       230  
Ares Capital Corp.
     23,495       111  
Asset Acceptance Capital Corp. *
     12,860       54  
ASTA Funding, Inc.
     2,000       4  
BGC Partners, Inc., Class A
     7,720       19  
BlackRock Kelso Capital Corp.
     9,700       82  
Calamos Asset Management, Inc., Class A
     7,575       45  
Capital Southwest Corp.
     1,166       107  
Cash America International, Inc.
     5,305       97  
Cohen & Steers, Inc.
     5,440       59  
Compass Diversified Holdings
     6,660       72  
Cowen Group, Inc. *
     5,000       29  
Credit Acceptance Corp. *
     2,675       48  
Deerfield Capital Corp.
     694       2  
Dollar Financial Corp. *
     4,065       32  
Eaton Vance Corp.
     14,915       285  
Encore Capital Group, Inc. *
     16,255       85  
Evercore Partners, Inc., Class A
     1,900       21  
EZCORP, Inc., Class A *
     10,300       140  
FBR Capital Markets Corp. *
     5,300       18  
FCStone Group, Inc. *
     1,300       5  
Financial Federal Corp.
     6,310       137  
First Cash Financial Services, Inc. *
     8,490       143  
GAMCO Investors, Inc., Class A
     3,535       110  
GFI Group, Inc.
     7,720       24  
Gladstone Capital Corp.
     6,600       58  
Greenhill & Co., Inc.
     1,835       119  
IntercontinentalExchange, Inc. *
     1,725       98  
Invesco Ltd.
     7,367       87  
Investment Technology Group, Inc. *
     5,555       120  

5

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
KBW, Inc. *
     4,000       75  
Knight Capital Group, Inc., Class A *
     22,445       405  
LaBranche & Co., Inc. *
     50,975       350  
MCG Capital Corp.
     17,205       12  
MSCI, Inc., Class A *
     13,100       227  
NewStar Financial, Inc. *
     10,000       30  
optionsXpress Holdings, Inc.
     4,890       53  
Penson Worldwide, Inc. *
     4,000       24  
PICO Holdings, Inc. *
     4,145       105  
Piper Jaffray Cos., Inc. *
     9,705       279  
Portfolio Recovery Associates, Inc. *
     3,645       86  
Prospect Capital Corp.
     2,300       25  
Rewards Network, Inc. *
     7,355       19  
SEI Investments Co.
     11,490       146  
Stifel Financial Corp. *
     3,050       107  
SWS Group, Inc.
     14,620       214  
Thomas Weisel Partners Group, Inc. *
     4,600       14  
W.P. Carey & Co., L.L.C.
     10,425       224  
Waddell & Reed Financial, Inc., Class A
     11,400       161  
World Acceptance Corp. *
     6,560       126  
 
                
 
             5,156  
 
                
Energy 4.6%
                
Adams Resources & Energy, Inc.
     3,000       53  
Allis-Chalmers Energy, Inc. *
     2,800       10  
Alpha Natural Resources, Inc. *
     7,945       130  
Atlas America, Inc.
     5,548       70  
ATP Oil & Gas Corp. *
     2,245       10  
Atwood Oceanics, Inc. *
     4,240       71  
Aventine Renewable Energy Holdings, Inc. *
     21,015       10  
Basic Energy Services, Inc. *
     9,045       87  
Berry Petroleum Co., Class A
     3,260       24  
Bill Barrett Corp. *
     3,540       78  
Brigham Exploration Co. *
     6,815       17  
Bristow Group, Inc. *
     6,985       169  
Bronco Drilling Co., Inc. *
     605       3  
Cabot Oil & Gas Corp.
     7,950       219  
Cal Dive International, Inc. *
     14,143       90  
Callon Petroleum Co. *
     2,800       6  
CARBO Ceramics, Inc.
     3,080       111  
Carrizo Oil & Gas, Inc. *
     4,955       69  
Clayton Williams Energy, Inc. *
     705       28  
CNX Gas Corp. *
     3,720       96  
Complete Production Services, Inc. *
     14,610       94  
Comstock Resources, Inc. *
     9,475       361  
Continental Resources, Inc. *
     4,900       101  
Copano Energy L.L.C.
     5,500       85  
Crosstex Energy, Inc.
     3,760       12  
Delek US Holdings, Inc.
     2,870       20  
Delta Petroleum Corp. *
     12,015       52  
DHT Maritime, Inc.
     11,900       74  
Dresser-Rand Group, Inc. *
     10,550       206  
Dril-Quip, Inc. *
     4,385       107  
Edge Petroleum Corp. *
     12,500       2  
Encore Acquisition Co. *
     7,205       196  
Energy Partners Ltd. *
     19,575       23  
EXCO Resources, Inc. *
     29,205       296  
General Maritime Corp.
     1,800       19  
Global Industries Ltd. *
     6,405       22  
Gulf Island Fabrication, Inc.
     1,100       14  
GulfMark Offshore, Inc. *
     3,985       95  
Harvest Natural Resources, Inc. *
     3,850       15  
Hercules Offshore, Inc. *
     15,316       57  
Holly Corp.
     5,170       121  
Hornbeck Offshore Services, Inc. *
     5,040       89  
IHS, Inc., Class A *
     2,710       119  
International Coal Group, Inc. *
     22,355       54  
ION Geophysical Corp. *
     15,505       23  
James River Coal Co. *
     8,200       111  
Key Energy Services, Inc. *
     26,300       90  
Kinder Morgan Management L.L.C. *
     9,204       400  
Linn Energy L.L.C.
     8,600       140  
Lufkin Industries, Inc.
     2,155       75  
Mariner Energy, Inc. *
     15,900       157  
Matrix Service Co. *
     2,500       13  
NATCO Group, Inc., Class A *
     4,700       81  
Newpark Resources, Inc. *
     33,940       143  
Oceaneering International, Inc. *
     6,000       207  
Oil States International, Inc. *
     5,910       108  
Parker Drilling Co. *
     34,250       73  
Penn Virginia Corp.
     5,840       120  
Petroleum Development Corp. *
     855       15  
PetroQuest Energy, Inc. *
     4,985       32  
PHI, Inc. *
     4,825       58  
Pioneer Drilling Co. *
     12,660       63  
Precision Drilling Trust
     17,696       88  
Quicksilver Resources, Inc. *
     9,050       63  
Range Resources Corp.
     6,410       230  
Rosetta Resources, Inc. *
     15,230       92  
RPC, Inc.
     12,915       96  
SandRidge Energy, Inc. *
     8,000       53  
St. Mary Land & Exploration Co.
     9,400       182  
Stone Energy Corp. *
     330       3  
Superior Energy Services, Inc. *
     6,170       96  
Superior Well Services, Inc. *
     1,700       16  
Swift Energy Co. *
     8,205       126  
TETRA Technologies, Inc. *
     13,080       68  
Trico Marine Services, Inc. *
     900       6  
Ultra Petroleum Corp. *
     4,440       159  
Venoco, Inc. *
     3,000       9  
W&T Offshore, Inc.
     5,120       64  
Walter Industries, Inc.
     4,195       77  
Western Refining, Inc.
     8,935       104  
Willbros Group, Inc. *
     2,000       19  
 
                
 
             7,045  
 
                
Food & Staples Retailing 0.9%
                
Arden Group, Inc., Class A
     1,000       115  
Ingles Markets, Inc., Class A
     10,900       155  
PriceSmart, Inc.
     6,540       107  

6

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Spartan Stores, Inc.
     12,300       229  
Susser Holdings Corp. *
     3,700       48  
The Andersons, Inc.
     5,905       97  
United Natural Foods, Inc. *
     23,755       369  
Village Super Market, Inc., Class A
     7,002       193  
 
                
 
             1,313  
 
                
Food, Beverage & Tobacco 2.7%
                
Alliance One International, Inc. *
     31,330       75  
B&G Foods, Inc., Class A
     4,200       19  
Cal-Maine Foods, Inc.
     3,200       87  
Central European Distribution Corp. *
     4,260       52  
Coca-Cola Bottling Co.
     3,800       171  
Darling International, Inc. *
     14,900       68  
Diamond Foods, Inc.
     7,800       200  
Farmer Brothers Co.
     2,025       41  
Flowers Foods, Inc.
     17,337       373  
Hansen Natural Corp. *
     4,655       156  
Imperial Sugar Co.
     14,400       164  
J & J Snack Foods Corp.
     4,275       149  
John B. Sanfilippo & Son, Inc. *
     4,800       26  
Lancaster Colony Corp.
     8,465       308  
Lance, Inc.
     12,060       227  
National Beverage Corp. *
     4,900       43  
Ralcorp Holdings, Inc. *
     14,545       861  
Reddy Ice Holdings, Inc.
     1,910       3  
Sanderson Farms, Inc.
     5,200       188  
Seneca Foods Corp., Class A *
     1,900       39  
Seneca Foods Corp., Class B *
     100       2  
The Boston Beer Co., Inc., Class A *
     3,000       76  
The Hain Celestial Group, Inc. *
     9,790       149  
Tootsie Roll Industries, Inc.
     7,450       178  
TreeHouse Foods, Inc. *
     12,645       334  
Vector Group Ltd.
     10,280       150  
 
                
 
             4,139  
 
                
Health Care Equipment & Services 6.5%
                
Advanced Medical Optics, Inc. *
     15,200       334  
Air Methods Corp. *
     1,900       37  
Alliance Imaging, Inc. *
     9,175       81  
Allscripts Healthcare Solutions, Inc.
     13,040       110  
Amedisys, Inc. *
     3,470       143  
America Service Group, Inc. *
     6,500       74  
American Medical Systems Holdings, Inc. *
     9,465       101  
AMN Healthcare Services, Inc. *
     11,165       76  
AmSurg Corp. *
     9,225       181  
Analogic Corp.
     3,165       79  
AngioDynamics, Inc. *
     4,700       64  
Assisted Living Concepts, Inc., Class A *
     8,100       32  
BioScrip, Inc. *
     7,800       13  
Cantel Medical Corp. *
     4,700       70  
Catalyst Health Solutions, Inc. *
     6,000       132  
Centene Corp. *
     14,740       261  
Chemed Corp.
     3,895       156  
CONMED Corp. *
     8,335       130  
CorVel Corp. *
     1,865       33  
Cross Country Healthcare, Inc. *
     16,265       122  
Eclipsys Corp. *
     3,780       33  
Edwards Lifesciences Corp. *
     9,210       530  
Emergency Medical Services Corp., Class A *
     17,500       587  
Ensign Group, Inc.
     3,800       63  
Five Star Quality Care, Inc. *
     6,000       11  
Gen-Probe, Inc. *
     4,395       198  
Gentiva Health Services, Inc. *
     14,825       375  
Greatbatch, Inc. *
     5,620       131  
Haemonetics Corp. *
     3,300       195  
Hanger Orthopedic Group, Inc. *
     15,100       206  
HEALTHSOUTH Corp. *
     15,300       152  
Healthspring, Inc. *
     12,850       224  
HealthTronics, Inc. *
     12,824       24  
Healthways, Inc. *
     4,960       69  
Hlth Corp. *
     18,745       213  
Hologic, Inc. *
     9,140       108  
ICU Medical, Inc. *
     2,450       75  
IDEXX Laboratories, Inc. *
     4,340       142  
Immucor, Inc. *
     5,200       144  
Integra LifeSciences Holdings *
     3,570       99  
Intuitive Surgical, Inc. *
     575       59  
Invacare Corp.
     11,065       211  
inVentiv Health, Inc. *
     4,190       40  
Inverness Medical Innovations, Inc. *
     7,480       183  
Kinetic Concepts, Inc. *
     5,970       144  
Landauer, Inc.
     2,050       141  
LCA-Vision, Inc.
     1,230       3  
MedCath Corp. *
     7,080       45  
MEDNAX, Inc. *
     5,055       170  
Meridian Bioscience, Inc.
     2,885       61  
Merit Medical Systems, Inc. *
     4,520       70  
Molina Healthcare, Inc. *
     4,905       86  
MWI Veterinary Supply, Inc. *
     3,300       69  
National Healthcare Corp.
     2,250       102  
Odyssey HealthCare, Inc. *
     8,300       82  
PSS World Medical, Inc. *
     16,170       257  
Psychiatric Solutions, Inc. *
     6,395       166  
RehabCare Group, Inc. *
     6,945       97  
Res-Care, Inc. *
     8,125       110  
Sirona Dental Systems, Inc. *
     7,090       85  
Skilled Healthcare Group, Inc., Class A *
     16,500       137  
STERIS Corp.
     12,410       330  
Sun Healthcare Group, Inc. *
     10,800       122  
Sunrise Senior Living, Inc. *
     5,645       7  
SXC Health Solutions Corp. *
     868       16  
Symmetry Medical, Inc. *
     4,770       33  
The Cooper Cos., Inc.
     9,885       188  
Thoratec Corp. *
     9,345       271  
Triple-S Management Corp., Class B *
     9,900       143  

7

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Universal American Financial Corp. *
     10,995       109  
VCA Antech, Inc. *
     8,675       163  
WellCare Health Plans, Inc. *
     4,285       63  
West Pharmaceutical Services, Inc.
     5,620       187  
Wright Medical Group, Inc. *
     5,400       112  
Zoll Medical Corp. *
     5,575       89  
 
                
 
             9,959  
 
                
Household & Personal Products 1.1%
                
Bare Escentuals, Inc. *
     4,935       18  
Central Garden & Pet Co. *
     29,100       176  
Central Garden & Pet Co., Class A *
     60,230       361  
Chattem, Inc. *
     1,655       112  
Church & Dwight Co., Inc.
     8,815       469  
Elizabeth Arden, Inc. *
     13,570       79  
Herbalife Ltd.
     3,205       66  
Inter Parfums, Inc.
     5,050       30  
Nu Skin Enterprises, Inc., Class A
     13,910       132  
Prestige Brands Holdings, Inc. *
     13,310       85  
USANA Health Sciences, Inc. *
     3,230       75  
WD-40 Co.
     4,415       111  
 
                
 
             1,714  
 
                
Insurance 3.4%
                
American Equity Investment Life Holding Co.
     20,335       136  
American Physicians Capital, Inc.
     3,300       140  
Amerisafe, Inc. *
     6,300       118  
AmTrust Financial Services, Inc.
     6,680       55  
Argo Group International Holdings Ltd. *
     1,459       45  
Baldwin & Lyons, Inc., Class B
     3,550       60  
Brown & Brown, Inc.
     25,440       487  
CNA Surety Corp. *
     4,320       71  
Crawford & Co., Class A *
     15,105       88  
Crawford & Co., Class B *
     24,415       219  
Delphi Financial Group, Inc., Class A
     13,320       202  
Donegal Group, Inc., Class A
     5,800       81  
EMC Insurance Group, Inc.
     100       2  
Employers Holdings, Inc.
     13,800       187  
FBL Financial Group, Inc., Class A
     7,800       80  
First Acceptance Corp. *
     11,499       32  
First Mercury Financial Corp. *
     3,800       42  
FPIC Insurance Group, Inc. *
     2,750       107  
Harleysville Group, Inc.
     9,535       271  
Hilltop Holdings, Inc. *
     10,370       104  
Horace Mann Educators Corp.
     14,870       139  
Infinity Property & Casualty Corp.
     4,845       186  
Kansas City Life Insurance Co.
     1,477       47  
Meadowbrook Insurance Group, Inc.
     14,300       87  
National Financial Partners Corp.
     11,125       29  
National Western Life Insurance Co., Class A
     1,264       157  
NYMAGIC, Inc.
     1,600       27  
PMA Capital Corp., Class A *
     12,770       70  
Presidential Life Corp.
     10,945       106  
ProAssurance Corp. *
     7,545       357  
RLI Corp.
     4,810       272  
Safety Insurance Group, Inc.
     5,705       200  
Seabright Insurance Holdings *
     6,300       65  
State Auto Financial Corp.
     10,930       242  
The Navigators Group, Inc. *
     2,765       142  
United America Indemnity Ltd., Class A *
     8,890       94  
United Fire & Casualty Co.
     6,760       135  
Zenith National Insurance Corp.
     10,090       283  
 
                
 
             5,165  
 
                
Materials 4.1%
                
A. Schulman, Inc.
     13,470       204  
A.M. Castle & Co.
     9,800       83  
AEP Industries, Inc. *
     2,500       36  
AMCOL International Corp.
     5,820       84  
Arch Chemicals, Inc.
     7,950       178  
Brush Engineered Materials, Inc. *
     5,500       69  
Buckeye Technologies, Inc. *
     15,380       45  
Bway Holding Co. *
     16,100       136  
Calgon Carbon Corp. *
     9,100       114  
Caraustar Industries, Inc. *
     20,704       4  
Century Aluminum Co. *
     7,115       25  
CF Industries Holdings, Inc.
     3,225       152  
Cliffs Natural Resources, Inc.
     8,240       191  
Compass Minerals International, Inc.
     3,030       182  
Deltic Timber Corp.
     1,500       59  
Eagle Materials, Inc.
     10,590       192  
Ferro Corp.
     25,630       102  
GenTek, Inc. *
     15,570       213  
Georgia Gulf Corp.
     25,205       24  
Glatfelter
     21,945       191  
H.B. Fuller Co.
     12,580       176  
Haynes International, Inc. *
     4,100       75  
Headwaters, Inc. *
     33,320       151  
Hecla Mining Co. *
     3,365       9  
Horsehead Holding Corp. *
     3,100       12  
Innophos Holdings, Inc.
     8,100       123  
Innospec, Inc.
     7,180       35  
Kaiser Aluminum Corp.
     3,700       92  
Koppers Holdings, Inc.
     3,400       55  
Mercer International, Inc. *
     12,700       16  
Minerals Technologies, Inc.
     4,930       186  
Myers Industries, Inc.
     15,805       99  
Neenah Paper, Inc.
     8,515       57  
NewMarket Corp.
     2,335       74  
NL Industries, Inc.
     11,065       128  
Olympic Steel, Inc.
     3,100       49  
OM Group, Inc. *
     5,555       108  
Penford Corp.
     2,000       17  
PolyOne Corp. *
     51,205       105  
Quaker Chemical Corp.
     3,700       42  
Rock-Tenn Co., Class A
     11,115       347  
Royal Gold, Inc.
     3,330       160  

8

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
RTI International Metals, Inc. *
     4,880       65  
Schnitzer Steel Industries, Inc., Class A
     5,240       206  
Schweitzer-Mauduit International, Inc.
     7,710       165  
Sensient Technologies Corp.
     15,645       336  
Spartech Corp.
     23,785       75  
Stepan Co.
     2,765       101  
Stillwater Mining Co. *
     7,240       30  
Terra Industries, Inc.
     9,190       188  
Texas Industries, Inc.
     5,545       126  
Titanium Metals Corp.
     9,090       64  
Tronox, Inc., Class A
     11,005       1  
Tronox, Inc., Class B
     12,850       1  
U.S. Concrete, Inc. *
     23,700       66  
W.R. Grace & Co. *
     17,765       103  
Wausau Paper Corp.
     32,410       308  
Zoltek Cos., Inc. *
     6,900       49  
 
                
 
             6,284  
 
                
Media 1.5%
                
Alloy, Inc. *
     13,000       65  
Arbitron, Inc.
     3,360       50  
Carmike Cinemas, Inc.
     8,875       18  
Cinemark Holdings, Inc.
     9,600       76  
CKX, Inc. *
     6,835       22  
Cox Radio, Inc., Class A *
     24,495       124  
CTC Media, Inc. *
     9,300       32  
Cumulus Media Inc., Class A *
     9,485       16  
DreamWorks Animation SKG, Inc., Class A *
     9,945       218  
Emmis Communications Corp., Class A *
     33,189       10  
Entravision Communications Corp., Class A *
     30,255       25  
GateHouse Media, Inc.
     5,000       —  
Harte-Hanks, Inc.
     12,335       78  
Interactive Data Corp.
     5,385       123  
John Wiley & Sons, Inc., Class A
     11,015       390  
Journal Communications, Inc., Class A
     22,455       40  
LIN TV Corp., Class A *
     11,460       8  
LodgeNet Interactive Corp. *
     2,000       2  
Marvel Entertainment, Inc. *
     6,115       168  
Media General, Inc., Class A
     24,170       47  
Mediacom Communications Corp., Class A *
     62,340       337  
Morningstar, Inc. *
     2,335       81  
Navarre Corp. *
     56,003       27  
Nexstar Broadcasting Group, Inc., Class A *
     5,600       5  
Playboy Enterprises, Inc., Class B *
     3,900       7  
Radio One, Inc., Class D *
     80,630       27  
RCN Corp. *
     21,620       80  
Saga Communications, Inc., Class A *
     2,695       12  
Salem Communications Corp., Class A *
     8,790       9  
Sinclair Broadcast Group, Inc., Class A
     16,510       31  
Spanish Broadcasting System, Inc., Class A *
     30,600       5  
Valassis Communications, Inc. *
     23,585       30  
Westwood One, Inc. *
     35,720       2  
World Wrestling Entertainment, Inc., Class A
     14,500       141  
 
                
 
             2,306  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 2.2%
                
Affymetrix, Inc. *
     3,890       12  
Albany Molecular Research, Inc. *
     7,300       63  
Bio-Rad Laboratories, Inc., Class A *
     3,450       219  
Bruker Corp. *
     13,235       53  
Cambrex Corp. *
     5,880       19  
Celera Corp. *
     11,485       97  
Dionex Corp. *
     2,550       129  
Endo Pharmaceuticals Holdings, Inc. *
     15,410       346  
Facet Biotech Corp. *
     1,868       11  
K-V Pharmaceutical Co., Class A *
     5,530       4  
Kendle International, Inc. *
     1,700       33  
Martek Biosciences Corp. *
     4,840       128  
Medicis Pharmaceutical Corp., Class A
     7,725       108  
Millipore Corp. *
     6,520       360  
Par Pharmaceutical Cos., Inc. *
     12,670       156  
PAREXEL International Corp. *
     6,520       65  
PDL BioPharma, Inc.
     9,340       60  
Pharmaceutical Product Development, Inc.
     8,465       202  
Pharmanet Development Group, Inc. *
     1,695       2  
Salix Pharmaceuticals Ltd. *
     9,995       80  
Techne Corp.
     2,665       160  
Valeant Pharmaceuticals International *
     23,875       518  
Varian, Inc. *
     5,435       151  
ViroPharma, Inc. *
     12,600       151  
Waters Corp. *
     7,110       257  
 
                
 
             3,384  
 
                
Real Estate 6.0%
                
Acadia Realty Trust
     6,025       70  
Agree Realty Corp.
     3,000       41  
American Campus Communities, Inc.
     6,980       149  
Anthracite Capital, Inc.
     69,925       118  
Anworth Mortgage Asset Corp.
     34,655       215  
Arbor Realty Trust, Inc.
     15,700       28  
Ashford Hospitality Trust
     11,645       17  
Associated Estates Realty Corp.
     8,300       62  
Avatar Holdings, Inc. *
     3,945       102  
BioMed Realty Trust, Inc.
     17,160       189  
Capital Trust, Inc., Class A
     3,400       9  
CapLease, Inc.
     4,200       7  

9

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Capstead Mortgage Corp.
     21,800       233  
Cedar Shopping Centers, Inc.
     11,845       73  
Corporate Office Properties Trust
     12,035       317  
DCT Industrial Trust, Inc.
     38,700       141  
DiamondRock Hospitality Co.
     21,575       88  
Digital Realty Trust, Inc.
     5,170       165  
Douglas Emmett, Inc.
     16,600       154  
EastGroup Properties, Inc.
     6,730       204  
Education Realty Trust, Inc.
     2,800       13  
Entertainment Properties Trust
     8,930       202  
Equity Lifestyle Properties, Inc.
     6,220       235  
Essex Property Trust, Inc.
     4,456       294  
Extra Space Storage, Inc.
     15,965       129  
FelCor Lodging Trust, Inc.
     15,650       23  
First Potomac Realty Trust
     9,500       79  
Forest City Enterprises, Inc., Class A
     12,360       84  
Franklin Street Properties Corp.
     34,570       395  
Getty Realty Corp.
     7,260       151  
Glimcher Realty Trust
     29,525       55  
Grubb & Ellis Co.
     14,500       9  
Hersha Hospitality Trust
     4,100       10  
HomeBanc Corp. (b) (c)*
     6,875       —  
Inland Real Estate Corp.
     19,470       192  
Investors Real Estate Trust
     23,725       236  
Jer Investors Trust, Inc.
     4,900       4  
Jones Lang LaSalle, Inc.
     4,481       106  
Kilroy Realty Corp.
     8,435       193  
Kite Realty Group Trust
     8,900       41  
LaSalle Hotel Properties
     10,540       88  
Lexington Realty Trust
     45,470       201  
LTC Properties, Inc.
     6,830       141  
Maguire Properties, Inc. *
     5,140       11  
Medical Properties Trust, Inc.
     18,400       84  
MFA Financial, Inc.
     52,090       298  
Mid-America Apartment Communities, Inc.
     8,145       241  
Mission West Properties, Inc.
     15,600       109  
National Health Investors, Inc.
     10,435       272  
National Retail Properties, Inc.
     23,355       337  
NorthStar Realty Finance Corp.
     23,100       90  
OMEGA Healthcare Investors, Inc.
     14,690       215  
One Liberty Properties, Inc.
     4,500       28  
Parkway Properties, Inc.
     6,420       96  
PS Business Parks, Inc., Class A
     4,110       176  
RAIT Financial Trust
     58,065       100  
Ramco-Gershenson Properties Trust
     6,930       34  
Resource Capital Corp.
     5,500       17  
Saul Centers, Inc.
     2,405       79  
Sovran Self Storage, Inc.
     8,310       216  
Strategic Hotel & Resorts, Inc.
     20,455       28  
Sun Communities, Inc.
     10,255       123  
Sunstone Hotel Investors, Inc.
     17,855       77  
Tanger Factory Outlet Centers, Inc.
     5,930       180  
Taubman Centers, Inc.
     5,455       108  
The St. Joe Co. *
     13,070       314  
U-Store-It Trust
     20,815       78  
Universal Health Realty Income Trust
     4,200       129  
Urstadt Biddle Properties, Class A
     9,695       143  
Vestin Realty Mortgage II, Inc.
     4,693       15  
Washington Real Estate Investment Trust
     13,655       325  
Winthrop Realty Trust
     3,500       35  
 
                
 
             9,221  
 
                
Retailing 5.0%
                
1-800-FLOWERS.COM, Inc., Class A *
     7,500       19  
99 Cents Only Stores *
     24,900       209  
A.C. Moore Arts & Crafts, Inc. *
     26,460       45  
Aaron Rents, Inc.
     20,620       451  
Aeropostale, Inc. *
     8,770       185  
Audiovox Corp., Class A *
     12,300       55  
bebe stores, Inc.
     10,890       62  
Big 5 Sporting Goods Corp.
     14,140       74  
Books-A-Million, Inc.
     3,600       8  
Brown Shoe Co., Inc.
     23,262       109  
Build-A-Bear Workshop, Inc. *
     20,900       88  
Cabela’s, Inc. *
     24,080       135  
Cache, Inc. *
     3,700       7  
Casual Male Retail Group, Inc. *
     11,000       4  
Charlotte Russe Holding, Inc. *
     13,515       70  
Christopher & Banks Corp.
     21,040       82  
Citi Trends, Inc. *
     3,900       37  
Coldwater Creek, Inc. *
     25,040       71  
Conn’s, Inc. *
     9,565       116  
Cost Plus, Inc. *
     21,500       21  
Destination Maternity Corp. *
     2,200       19  
DSW, Inc., Class A *
     13,245       132  
Duckwall-ALCO Stores, Inc. *
     325       3  
Eddie Bauer Holdings, Inc. *
     21,500       16  
Finlay Enterprises, Inc. *
     4,600       —  
Fred’s, Inc., Class A
     30,930       317  
Gander Mountain Co. *
     6,400       13  
Genesco, Inc. *
     10,180       157  
Guess?, Inc.
     4,435       71  
Hastings Entertainment, Inc. *
     4,320       11  
Haverty Furniture Cos., Inc.
     15,100       121  
hhgregg, Inc. *
     3,100       25  
Hibbett Sports, Inc. *
     6,385       87  
Hot Topic, Inc. *
     42,520       363  
J. Crew Group, Inc. *
     6,130       61  
Jo-Ann Stores, Inc. *
     19,650       251  
Jos. A. Bank Clothiers, Inc. *
     5,790       159  
Kirkland’s, Inc. *
     16,322       43  
Lithia Motors, Inc., Class A
     21,235       65  
LKQ Corp. *
     12,750       147  
MarineMax, Inc. *
     17,700       31  
Monro Muffler Brake, Inc.
     5,560       135  
Netflix, Inc. *
     6,355       230  
New York & Co, Inc. *
     15,400       30  
NutriSystem, Inc.
     9,230       119  
Orbitz Worldwide, Inc. *
     20,400       61  

10

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Pacific Sunwear of California, Inc. *
     30,550       38  
Pier 1 Imports, Inc. *
     67,835       24  
Pomeroy IT Solutions, Inc. *
     6,600       20  
Priceline.com, Inc. *
     2,220       149  
Retail Ventures, Inc. *
     23,200       55  
REX Stores Corp. *
     2,700       16  
Sally Beauty Holdings, Inc. *
     20,725       98  
Select Comfort Corp. *
     12,770       4  
Shoe Carnival, Inc. *
     7,800       61  
Source Interlink Cos., Inc. *
     42,680       5  
Stage Stores, Inc.
     19,095       137  
Stein Mart, Inc. *
     13,395       16  
Systemax, Inc.
     12,345       125  
The Bon-Ton Stores, Inc.
     22,600       31  
The Buckle, Inc.
     4,822       102  
The Cato Corp., Class A
     12,565       166  
The Children’s Place Retail Stores, Inc. *
     7,340       138  
The Dress Barn, Inc. *
     25,175       217  
The Finish Line, Inc., Class A
     99,752       474  
The Gymboree Corp. *
     4,620       113  
The Men’s Wearhouse, Inc.
     17,755       207  
The Pep Boys - - Manny, Moe & Jack
     34,555       100  
The Wet Seal, Inc., Class A *
     13,900       36  
Tractor Supply Co. *
     11,940       402  
Trans World Entertainment Corp. *
     47,400       39  
Tuesday Morning Corp. *
     12,030       14  
Tween Brands, Inc. *
     2,365       6  
Ulta Salon, Cosmetics & Fragrance, Inc. *
     11,500       67  
Urban Outfitters, Inc. *
     11,215       175  
ValueVision Media, Inc., Class A *
     6,340       2  
West Marine, Inc. *
     27,080       138  
 
                
 
             7,690  
 
                
Semiconductors & Semiconductor Equipment 2.5%
                
Actel Corp. *
     6,830       62  
Advanced Energy Industries, Inc. *
     7,220       65  
Applied Micro Circuits Corp. *
     26,840       107  
Asyst Technologies, Inc. *
     18,495       5  
Atheros Communications *
     2,745       33  
ATMI, Inc. *
     9,815       133  
Axcelis Technologies, Inc. *
     10,160       3  
Brooks Automation, Inc. *
     22,390       102  
Cabot Microelectronics Corp. *
     6,730       153  
Cirrus Logic, Inc. *
     6,335       18  
Cohu, Inc.
     5,710       57  
Conexant Systems, Inc. *
     8,822       6  
Cree, Inc. *
     12,995       259  
Cymer, Inc. *
     7,420       151  
Cypress Semiconductor Corp. *
     17,905       81  
Diodes, Inc. *
     9,247       60  
DSP Group, Inc. *
     6,640       43  
Entegris, Inc. *
     21,465       30  
Exar Corp. *
     10,015       68  
FEI Co. *
     6,820       124  
FormFactor, Inc. *
     10,265       160  
Hittite Microwave Corp. *
     3,935       101  
IXYS Corp.
     7,300       50  
Kulicke & Soffa Industries, Inc. *
     10,400       16  
Lattice Semiconductor Corp. *
     19,525       30  
Mattson Technology, Inc. *
     5,700       6  
Micrel, Inc.
     9,850       75  
Microsemi Corp. *
     9,045       76  
MKS Instruments, Inc. *
     12,050       169  
OmniVision Technologies, Inc. *
     16,380       109  
ON Semiconductor Corp. *
     71,174       297  
Photronics, Inc. *
     13,945       22  
PMC-Sierra, Inc. *
     35,425       172  
Rambus, Inc. *
     9,125       83  
RF Micro Devices, Inc. *
     56,265       61  
Rudolph Technologies, Inc. *
     4,980       14  
Semtech Corp. *
     12,305       144  
Silicon Image, Inc. *
     7,960       29  
Silicon Laboratories, Inc. *
     4,070       94  
Silicon Storage Technology, Inc. *
     15,455       32  
SiRF Technology Holdings, Inc. *
     7,665       8  
Skyworks Solutions, Inc. *
     35,710       154  
Standard Microsystems Corp. *
     4,090       57  
Tessera Technologies, Inc. *
     9,440       111  
TriQuint Semiconductor, Inc. *
     31,820       64  
Varian Semiconductor Equipment Associates, Inc. *
     7,752       148  
Veeco Instruments, Inc. *
     2,140       10  
Zoran Corp. *
     12,535       74  
 
                
 
             3,926  
 
                
Software & Services 6.0%
                
ACI Worldwide, Inc. *
     10,295       175  
Acxiom Corp.
     30,875       294  
Akamai Technologies, Inc. *
     11,275       152  
ANSYS, Inc. *
     5,100       127  
Ariba, Inc. *
     12,745       97  
Borland Software Corp. *
     21,590       13  
CDC Corp., Class A *
     12,670       10  
CIBER, Inc. *
     52,570       229  
Cognizant Technology Solutions Corp., Class A *
     15,070       282  
Concur Technologies, Inc. *
     4,300       106  
CSG Systems International, Inc. *
     16,645       241  
DealerTrack Holdings, Inc. *
     5,445       62  
Digital River, Inc. *
     5,150       128  
EarthLink, Inc. *
     47,775       360  
Epicor Software Corp. *
     4,945       18  
EPIQ Systems, Inc. *
     10,370       184  
Equinix, Inc. *
     1,730       92  
Euronet Worldwide, Inc. *
     6,695       67  
FactSet Research Systems, Inc.
     2,465       98  
Fair Isaac Corp.
     11,085       141  
Forrester Research, Inc. *
     5,475       114  
Gartner, Inc. *
     7,800       110  
Gevity HR, Inc.
     6,715       14  
Global Cash Access Holdings, Inc. *
     8,135       22  

11

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Global Payments, Inc.
     8,970       311  
GSI Commerce, Inc. *
     11,580       99  
Heartland Payment Systems, Inc.
     3,765       34  
i2 Technologies, Inc. *
     5,800       36  
infoGROUP, Inc.
     7,315       27  
Informatica Corp. *
     8,055       103  
InfoSpace, Inc. *
     18,510       148  
Interwoven, Inc. *
     10,625       168  
Ipass, Inc. *
     15,100       19  
j2 Global Communications, Inc. *
     5,285       103  
Jack Henry & Associates, Inc.
     11,380       203  
JDA Software Group, Inc. *
     6,385       72  
Lawson Software, Inc. *
     18,620       79  
Macrovision Solutions Corp. *
     12,569       165  
Manhattan Associates, Inc. *
     3,495       54  
ManTech International Corp., Class A *
     6,260       336  
Marchex, Inc., Class B
     8,400       42  
MAXIMUS, Inc.
     4,245       158  
Mentor Graphics Corp. *
     27,180       127  
MICROS Systems, Inc. *
     7,360       106  
MicroStrategy, Inc., Class A *
     2,728       106  
ModusLink Global Solutions, Inc. *
     17,595       41  
MSC.Software Corp. *
     16,115       94  
Ness Technologies, Inc. *
     14,600       58  
Net 1 UEPS Technologies, Inc. *
     3,380       45  
NeuStar, Inc., Class A *
     7,575       103  
Novell, Inc. *
     51,735       191  
Nuance Communications, Inc. *
     13,155       130  
Openwave Systems, Inc. *
     4,435       3  
Parametric Technology Corp. *
     17,700       159  
Progress Software Corp. *
     6,050       103  
Quality Systems, Inc.
     1,630       61  
Quest Software, Inc. *
     12,380       154  
RealNetworks, Inc. *
     10,345       29  
Red Hat, Inc. *
     8,700       127  
Renaissance Learning, Inc.
     3,540       26  
Salesforce.com, Inc. *
     1,935       52  
Sapient Corp. *
     20,980       89  
SINA Corp. *
     3,180       65  
Solera Holdings, Inc. *
     7,600       183  
SonicWALL, Inc. *
     3,855       14  
SPSS, Inc. *
     1,760       45  
SRA International, Inc., Class A *
     8,815       144  
StarTek, Inc. *
     8,600       40  
Sybase, Inc. *
     15,550       425  
Symyx Technologies, Inc. *
     6,110       29  
Syntel, Inc.
     3,955       85  
Take-Two Interactive Software, Inc. *
     12,435       87  
TeleTech Holdings, Inc. *
     8,830       71  
THQ, Inc. *
     19,530       77  
TIBCO Software, Inc. *
     39,830       213  
TNS, Inc. *
     6,575       54  
United Online, Inc.
     17,027       104  
ValueClick, Inc. *
     15,960       100  
Vignette Corp. *
     5,820       41  
VMware, Inc., Class A *
     2,420       50  
WebMD Health Corp., Class A *
     4,800       113  
Websense, Inc. *
     3,490       39  
Wind River Systems, Inc. *
     12,250       98  
Wright Express Corp. *
     11,700       136  
 
                
 
             9,310  
 
                
Technology Hardware & Equipment 5.7%
                
3Com Corp. *
     72,120       168  
Adaptec, Inc. *
     21,695       60  
ADC Telecommunications, Inc. *
     22,300       113  
ADTRAN, Inc.
     16,745       254  
Agilysys, Inc.
     6,522       23  
Arris Group, Inc. *
     37,065       264  
Avid Technology, Inc. *
     10,525       105  
Avocent Corp. *
     14,590       209  
Bel Fuse, Inc., Class B
     2,800       43  
Black Box Corp.
     8,140       178  
Brightpoint, Inc. *
     32,100       150  
Brocade Communications Systems, Inc. *
     14,520       55  
Checkpoint Systems, Inc. *
     12,720       114  
Cogent, Inc. *
     8,180       95  
Cognex Corp.
     7,065       92  
CommScope, Inc. *
     9,605       138  
Comtech Telecommunications Corp. *
     3,670       142  
CTS Corp.
     17,795       91  
Daktronics, Inc.
     9,265       80  
Digi International, Inc. *
     7,100       54  
Dolby Laboratories, Inc., Class A *
     6,645       170  
Electro Rent Corp.
     5,905       63  
Electro Scientific Industries, Inc. *
     6,655       42  
Electronics for Imaging, Inc. *
     13,780       122  
EMS Technologies, Inc. *
     2,900       70  
Emulex Corp. *
     15,425       88  
Extreme Networks, Inc. *
     8,365       15  
F5 Networks, Inc. *
     11,490       255  
FLIR Systems, Inc. *
     8,790       219  
Gerber Scientific, Inc. *
     7,300       23  
GTSI Corp. *
     1,400       8  
Hughes Communications, Inc. *
     4,530       55  
Hutchinson Technology, Inc. *
     15,800       50  
Hypercom Corp. *
     10,500       16  
Imation Corp.
     18,025       176  
InterDigital, Inc. *
     7,545       244  
Intermec, Inc. *
     8,535       106  
Itron, Inc. *
     2,165       141  
Ixia *
     10,215       54  
JDS Uniphase Corp. *
     28,060       102  
L-1 Identity Solutions, Inc. *
     21,200       154  
Littelfuse, Inc. *
     4,405       67  
Loral Space & Communications, Inc. *
     11,550       153  
Mercury Computer Systems, Inc. *
     11,700       70  
Methode Electronics, Inc.
     13,330       62  
MTS Systems Corp.
     3,780       99  
Multi-Fineline Electronix, Inc. *
     2,420       45  
National Instruments Corp.
     6,495       139  
NETGEAR, Inc. *
     10,000       111  
Newport Corp. *
     16,130       86  

12

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Nu Horizons Electronics Corp. *
     7,000       11  
Opnext, Inc. *
     6,900       16  
OSI Systems, Inc. *
     5,090       74  
Palm, Inc. *
     72,315       555  
Park Electrochemical Corp.
     6,210       109  
PC Connection, Inc. *
     21,000       103  
PC Mall, Inc. *
     5,100       20  
Plantronics, Inc.
     10,810       110  
Plexus Corp. *
     10,280       149  
Polycom, Inc. *
     13,150       185  
Powerwave Technologies, Inc. *
     68,060       31  
QLogic Corp. *
     25,680       291  
Rackable Systems, Inc. *
     15,860       62  
RadiSys Corp. *
     4,500       21  
Richardson Electronics Ltd.
     7,000       26  
Rofin-Sinar Technologies, Inc. *
     4,410       74  
Rogers Corp. *
     4,970       122  
ScanSource, Inc. *
     10,100       189  
Sonus Networks, Inc. *
     10,090       13  
Stec, Inc. *
     5,400       24  
Sycamore Networks, Inc. *
     19,805       47  
Symmetricom, Inc. *
     13,200       49  
Synaptics, Inc. *
     6,155       145  
Technitrol, Inc.
     13,090       29  
Tekelec *
     11,235       140  
Teradata Corp. *
     15,365       202  
TESSCO Technologies, Inc. *
     500       4  
Trimble Navigation Ltd. *
     10,855       161  
TTM Technologies, Inc. *
     15,800       95  
ViaSat, Inc. *
     6,675       148  
Westell Technologies, Inc., Class A *
     14,933       5  
Zebra Technologies Corp., Class A *
     10,040       169  
 
                
 
             8,812  
 
                
Telecommunication Services 1.5%
                
Alaska Communication Systems Group, Inc.
     12,540       105  
Atlantic Tele-Network, Inc.
     2,200       47  
Centennial Communications Corp. *
     12,025       98  
Cincinnati Bell, Inc. *
     83,695       116  
Clearwire Corp., Class A *
     14,000       56  
Consolidated Communications Holdings, Inc.
     11,900       134  
D&E Communications, Inc.
     3,400       24  
FairPoint Communications, Inc.
     28,730       78  
FiberTower Corp. *
     30,800       5  
General Communication, Inc., Class A *
     25,460       167  
Globalstar, Inc. *
     800       —  
Iowa Telecommunications Services, Inc.
     12,430       160  
iPCS, Inc. *
     2,140       11  
MetroPCS Communications, Inc. *
     17,600       239  
NTELOS Holdings Corp.
     5,740       124  
Premiere Global Services, Inc. *
     16,260       158  
SBA Communications Corp., Class A *
     6,405       128  
SureWest Communications
     10,670       109  
Syniverse Holdings, Inc. *
     9,765       132  
tw telecom, Inc. *
     23,175       177  
USA Mobility, Inc. *
     28,725       304  
 
                
 
             2,372  
 
                
Transportation 2.2%
                
Air Transport Services Group, Inc. *
     33,830       8  
AirTran Holdings, Inc. *
     46,315       190  
American Commercial Lines, Inc. *
     1,745       7  
Arkansas Best Corp.
     14,340       335  
Atlas Air Worldwide Holdings, Inc. *
     6,300       92  
Celadon Group, Inc. *
     10,700       84  
Covenant Transport Group, Inc., Class A *
     3,300       6  
Danaos Corp.
     1,400       11  
Diana Shipping, Inc.
     4,835       64  
DryShips, Inc.
     5,180       34  
Dynamex, Inc. *
     2,000       22  
Eagle Bulk Shipping, Inc.
     9,120       49  
Forward Air Corp.
     5,775       117  
Genco Shipping & Trading Ltd.
     6,385       99  
Genesee & Wyoming, Inc., Class A *
     5,265       143  
Hawaiian Holdings, Inc. *
     14,000       57  
Heartland Express, Inc.
     10,285       139  
Horizon Lines, Inc., Class A
     6,250       22  
Hub Group, Inc., Class A *
     8,410       191  
International Shipholding Corp.
     5,200       112  
Kirby Corp. *
     7,520       180  
Knight Transportation, Inc.
     12,015       160  
Landstar System, Inc.
     6,470       232  
Marten Transport Ltd. *
     7,200       127  
Mesa Air Group, Inc. *
     34,771       5  
Navios Maritime Holdings, Inc.
     9,800       35  
Old Dominion Freight Line, Inc. *
     10,600       266  
Pacer International, Inc.
     14,160       122  
Park-Ohio Holdings Corp. *
     3,100       11  
Pinnacle Airlines Corp. *
     4,900       10  
Republic Airways Holdings, Inc. *
     9,710       80  
Saia, Inc. *
     13,100       140  
Seaspan Corp.
     7,810       83  
Universal Truckload Services, Inc. *
     3,100       38  
USA Truck, Inc. *
     4,600       66  
 
                
 
             3,337  
 
                
Utilities 2.9%
                
American States Water Co.
     5,115       177  
California Water Service Group
     5,440       237  
Central Vermont Public Services Corp.
     6,145       139  
CH Energy Group, Inc.
     10,105       511  
Chesapeake Utilities Corp.
     3,000       87  

13

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
El Paso Electric Co. *
     17,490       289  
ITC Holdings Corp.
     4,170       175  
MGE Energy, Inc.
     8,200       263  
Middlesex Water Co.
     3,500       58  
Northwest Natural Gas Co.
     9,745       418  
NorthWestern Corp.
     15,025       364  
Ormat Technologies, Inc.
     2,400       74  
SJW Corp.
     3,670       99  
South Jersey Industries, Inc.
     8,920       333  
The Empire District Electric Co.
     15,910       282  
The Laclede Group, Inc.
     12,090       549  
UIL Holdings Corp.
     14,125       373  
Unitil Corp.
     4,400       89  
 
                
 
             4,517  
 
                
Total Common Stock
(Cost $222,025)		             146,446  
 
                
 
                
Foreign Common Stock 2.6% of net assets
                
 
                
Bahamas 0.0%
                
Transportation 0.0%
                
Ultrapetrol Bahamas Ltd. *
     3,900       9  
 
                
Bermuda 1.5%
                
Capital Goods 0.1%
                
Aircastle Ltd.
     16,600       68  
China Yuchai International Ltd.
     28,705       123  
Textainer Group Holdings Ltd.
     2,200       19  
 
                
 
             210  
Consumer Durables & Apparel 0.1%
                
Helen of Troy Ltd. *
     10,830       113  
Consumer Services 0.0%
                
Orient-Express Hotels Ltd., Class A
     7,390       47  
Diversified Financials 0.2%
                
Lazard Ltd., Class A
     11,245       298  
Energy 0.5%
                
Knightsbridge Tankers Ltd.
     11,790       178  
Nordic American Tanker Shipping Ltd.
     15,005       430  
Tsakos Energy Navigation Ltd.
     6,890       133  
 
                
 
             741  
Insurance 0.5%
                
Assured Guaranty Ltd.
     14,465       110  
Enstar Group Ltd. *
     1,010       55  
Flagstone Reinsurance Holdings Ltd.
     12,400       104  
Max Capital Group Ltd.
     13,315       227  
RAM Holdings Ltd. *
     4,300       2  
Validus Holdings Ltd.
     9,000       205  
 
                
 
             703  
Semiconductors & Semiconductor Equipment 0.0%
                
ChipMOS TECHNOLOGIES (Bermuda) Ltd. *
     23,040       6  
Software & Services 0.1%
                
Genpact Ltd. *
     14,600       120  
Technology Hardware & Equipment 0.0%
                
Xyratex Ltd. *
     3,275       6  
Telecommunication Services 0.0%
                
Global Crossing Ltd. *
     10,185       62  
Transportation 0.0%
                
TBS International Ltd., Class A *
     4,700       46  
 
                
 
             2,352  
 
                
British Virgin Islands 0.3%
                
Technology Hardware & Equipment 0.1%
                
Nam Tai Electronics, Inc.
     24,560       139  
Transportation 0.2%
                
UTI Worldwide, Inc.
     23,220       255  
 
                
 
             394  
 
                
Canada 0.1%
                
Capital Goods 0.1%
                
KHD Humboldt Wedag International Ltd. *
     7,600       75  
 
                
Cayman Islands 0.0%
                
Technology Hardware & Equipment 0.0%
                
Smart Modular Technologies (WWH), Inc. *
     7,700       9  
 
                
Greece 0.1%
                
Energy 0.0%
                
Top Ships, Inc. *
     20,300       37  
Transportation 0.1%
                
Aegean Marine Petroleum Network, Inc.
     8,300       142  
 
                
 
             179  
 
                
Israel 0.0%
                
Technology Hardware & Equipment 0.0%
                
Orbotech Ltd. *
     5,660       24  
 
                
Liberia 0.1%
                
Transportation 0.1%
                
Excel Maritime Carriers Ltd.
     11,404       75  
 
                
Luxembourg 0.0%
                
Telecommunication Services 0.0%
                
Millicom International Cellular S.A.
     1,650       65  
 
                
Netherlands 0.1%
                
Capital Goods 0.0%
                
AerCap Holdings N.V. *
     16,300       80  

14

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
               
    Number of   Value
Security   Shares   ($ x 1,000)
Energy 0.1%
              
Core Laboratories N.V.
     1,845       124
 
              
 
             204
 
              
Netherlands Antilles 0.0%
              
Health Care Equipment & Services 0.0%
              
Orthofix International N.V. *
     3,880       62
 
              
Panama 0.3%
              
Banks 0.2%
              
Banco Latinoamericano de Exportaciones, S.A., Class E
     25,000       262
Transportation 0.1%
              
Copa Holdings S.A., Class A
     5,100       134
 
              
 
             396
 
              
Singapore 0.1%
              
Semiconductors & Semiconductor Equipment 0.1%
              
Verigy Ltd. *
     10,020       83
 
              
United Kingdom 0.0%
              
Insurance 0.0%
              
Willis Group Holdings Ltd.
     1,464       36
 
              
Total Foreign Common Stock
(Cost $6,398)		             3,963
 
              
 
              
Other Investment Company 1.4% of net assets
              
 
Money Fund 1.4%
              
State Street Institutional Liquid Reserves Fund - Institutional Class
     2,225,405       2,225
 
              
Total Other Investment Company
(Cost $2,226)		             2,225
 
              
 
              
Preferred Stock 0.0% of net assets
              
 
              
Health Care Equipment & Services 0.0%
              
Inverness Medical Innovations, Inc., Class B *
     144       22
 
              
Total Preferred Stock
(Cost $42)		             22
 
              
 
              
Rights 0.0% of net assets
              
 
              
Capital Goods 0.0%
              
Fresenius Kabi Pharmaceuticals Holding, Inc. - CVR *
     3,500       2
 
              
Total Rights
(Cost $3)		             2
 
              
               
    Face/Maturity      
Issuer   Amount     Value
Rate, Maturity Date   ($ x 1,000)     ($ x 1,000)
Short-Term Investments 0.6% of net assets
              
 
              
U.S. Treasury Obligations 0.6%
              
U.S. Treasury Bills
              
(0.08)%, 03/26/09 (a)
     5       5
(0.03)%, 03/26/09 (a)
     520       520
(0.02)%, 03/26/09 (a)
     344       344
 
            
Total Short-Term Investments
(Cost $869)		             869
 
            
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $232,416, and the unrealized appreciation and depreciation were $2,205 and ($81,094), respectively, with a net depreciation of ($78,889).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
 
(b)   Fair-valued by Management.
 
(c)   Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets.
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Loss
Futures Contract
                        
Russell 2000 Index, mini, Long, expires 03/20/09
     68       3,010       (66 )

15

 

Schwab Fundamental US Small-Mid Company Index Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 152,658  
Level 2 - Other Significant Observable Inputs
     869  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 153,527  
 
      
 
*   Other financial instruments include future contracts of ($66).
REG46847JAN09

16

 

Schwab Capital Trust
Schwab Fundamental US Large Company Index Fund™
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual report.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  97.7 %  
Common Stock
     580,514       330,950  
  0.1 %  
Foreign Common Stock
     472       348  
  0.7 %  
Short-Term Investments
     2,197       2,197  
  98.5 %  
Total Investments
     583,183       333,495  
  1.5 %  
Other Assets and Liabilities, Net
             5,149  
  100.0 %  
Net Assets
             338,644  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 97.7% of net assets
                
 
                
Automobiles & Components 0.9%
                
American Axle & Manufacturing Holdings, Inc.
     4,660       5  
ArvinMeritor, Inc.
     15,635       27  
Autoliv, Inc.
     5,300       98  
BorgWarner, Inc.
     3,750       63  
Exide Technologies *
     7,700       28  
Ford Motor Co. *
     726,774       1,359  
General Motors Corp.
     225,810       680  
Harley-Davidson, Inc.
     9,660       118  
Johnson Controls, Inc.
     28,310       354  
Lear Corp. *
     13,415       12  
Tenneco, Inc. *
     5,260       10  
The Goodyear Tire & Rubber Co. *
     15,590       96  
Thor Industries, Inc.
     2,100       22  
TRW Automotive Holdings Corp. *
     17,250       53  
WABCO Holdings, Inc.
     2,886       43  
 
                
 
             2,968  
 
                
Banks 3.7%
                
Associated Banc-Corp
     9,560       150  
Astoria Financial Corp.
     5,855       53  
BancorpSouth, Inc.
     3,545       67  
Bank of Hawaii Corp.
     2,420       87  
BB&T Corp.
     37,575       744  
BOK Financial Corp.
     920       34  
CapitalSource, Inc.
     12,400       45  
Citizens Republic Bancorp, Inc.
     13,500       15  
City National Corp.
     1,720       59  
Comerica, Inc.
     16,900       282  
Commerce Bancshares, Inc.
     3,004       105  
Cullen/Frost Bankers, Inc.
     2,220       97  
Downey Financial Corp.
     600       —  
Fifth Third Bancorp
     66,090       158  
First Horizon National Corp.
     29,681       283  
FirstMerit Corp.
     6,060       98  
Flagstar Bancorp, Inc. *
     11,200       7  
Fulton Financial Corp.
     12,380       87  
Hudson City Bancorp, Inc.
     14,790       172  
Huntington Bancshares, Inc.
     27,727       80  
KeyCorp
     60,430       440  
M&T Bank Corp.
     5,286       206  
Marshall & Ilsley Corp.
     18,485       106  
MGIC Investment Corp.
     23,880       66  
New York Community Bancorp, Inc.
     18,965       251  
People’s United Financial, Inc.
     7,352       120  
PNC Financial Services Group, Inc.
     30,795       1,001  
Popular, Inc.
     29,880       82  
Radian Group, Inc.
     24,230       78  
Regions Financial Corp.
     50,425       174  
SunTrust Banks, Inc.
     24,260       297  
Synovus Financial Corp.
     30,710       122  
TCF Financial Corp.
     8,865       110  
TFS Financial Corp.
     13,000       167  
The Colonial BancGroup, Inc.
     15,660       12  
The PMI Group, Inc.
     20,435       28  
The South Financial Group, Inc.
     8,430       16  
Tree.com, Inc. *
     941       4  
Trustmark Corp.
     3,125       63  
U.S. Bancorp
     92,000       1,365  
Valley National Bancorp
     7,425       97  
Washington Federal, Inc.
     5,350       66  
Webster Financial Corp.
     4,725       20  
Wells Fargo & Co.
     249,225       4,710  
Whitney Holding Corp.
     2,930       38  
Wilmington Trust Corp.
     3,630       50  
Zions Bancorp
     8,335       124  
 
                
 
             12,436  
 
                
Capital Goods 7.0%
                
3M Co.
     23,575       1,268  
Acuity Brands, Inc.
     1,220       33  
Aecom Technology Corp. *
     4,900       124  
AGCO Corp. *
     3,540       75  
Alliant Techsystems, Inc. *
     1,120       91  
AMETEK, Inc.
     6,400       205  
Armstrong World Industries, Inc.
     1,900       32  
Briggs & Stratton Corp.
     5,535       82  
Carlisle Cos., Inc.
     10,225       191  
Caterpillar, Inc.
     19,745       609  
Cooper Industries Ltd., Class A
     7,670       206  
Crane Co.
     11,425       199  
Cummins, Inc.
     5,884       141  
Danaher Corp.
     3,950       221  
Deere & Co.
     9,686       337  
Dover Corp.
     7,375       209  
Eaton Corp.
     6,260       276  
EMCOR Group, Inc. *
     6,240       128  

1

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Emerson Electric Co.
     27,050       885  
Fastenal Co.
     2,020       69  
Flowserve Corp.
     925       49  
Fluor Corp.
     4,070       158  
GATX Corp.
     2,935       71  
General Dynamics Corp.
     10,825       614  
General Electric Co.
     457,075       5,544  
Goodrich Corp.
     4,655       180  
Granite Construction, Inc.
     2,500       88  
Harsco Corp.
     2,435       58  
Honeywell International, Inc.
     24,740       812  
Hubbell, Inc., Class B
     3,830       119  
Illinois Tool Works, Inc.
     17,370       567  
Ingersoll-Rand Co., Ltd., Class A
     13,842       224  
ITT Corp.
     4,855       220  
Jacobs Engineering Group, Inc. *
     2,640       102  
John Bean Technologies Corp.
     1,391       14  
Joy Global, Inc.
     2,000       42  
KBR, Inc.
     9,400       133  
Kennametal, Inc.
     4,440       71  
L-3 Communications Holdings, Inc.
     3,335       264  
Lennox International, Inc.
     2,435       68  
Lincoln Electric Holdings, Inc.
     1,100       45  
Lockheed Martin Corp.
     12,935       1,061  
Masco Corp.
     36,150       283  
McDermott International, Inc. *
     2,510       26  
MSC Industrial Direct Co., Inc., Class A
     2,125       73  
Mueller Industries, Inc.
     2,830       57  
Mueller Water Products, Inc., Class A
     9,200       62  
NACCO Industries, Inc., Class A
     207       7  
Northrop Grumman Corp.
     16,595       799  
Oshkosh Corp.
     2,920       21  
Owens Corning, Inc. *
     13,600       181  
PACCAR, Inc.
     18,942       500  
Pall Corp.
     3,340       87  
Parker Hannifin Corp.
     6,317       241  
Pentair, Inc.
     4,850       111  
Precision Castparts Corp.
     1,716       111  
Raytheon Co.
     14,510       735  
Rockwell Automation, Inc.
     4,750       124  
Rockwell Collins, Inc.
     4,230       159  
Roper Industries, Inc.
     2,000       82  
Seaboard Corp.
     17       17  
Spirit AeroSystems Holdings, Inc., Class A *
     4,500       61  
SPX Corp.
     1,835       77  
Terex Corp. *
     3,625       43  
Textron, Inc.
     9,120       82  
The Boeing Co.
     22,440       949  
The Shaw Group, Inc. *
     2,140       60  
The Timken Co.
     5,565       83  
Thomas & Betts Corp. *
     2,200       47  
Trinity Industries, Inc.
     2,625       30  
Tyco International Ltd.
     40,965       861  
United Rentals, Inc. *
     8,500       47  
United Technologies Corp.
     28,715       1,378  
URS Corp. *
     3,993       136  
USG Corp. *
     4,825       31  
W.W. Grainger, Inc.
     3,035       221  
WESCO International, Inc. *
     2,000       37  
 
                
 
             23,704  
 
                
Commercial & Professional Supplies 0.9%
                
Avery Dennison Corp.
     5,450       132  
Cintas
     4,450       101  
Corrections Corp. of America *
     3,690       51  
Covanta Holding Corp. *
     2,115       37  
Deluxe Corp.
     5,245       61  
Equifax, Inc.
     4,430       110  
HNI Corp.
     3,020       40  
Iron Mountain, Inc. *
     4,955       101  
Kelly Services, Inc., Class A
     5,340       48  
Manpower, Inc.
     6,245       178  
Pitney Bowes, Inc.
     10,705       238  
R.R. Donnelley & Sons Co.
     13,240       129  
Republic Services, Inc.
     29,224       756  
Robert Half International, Inc.
     9,930       168  
Steelcase, Inc., Class A
     6,075       26  
The Brink’s Co.
     820       22  
United Stationers, Inc. *
     2,925       82  
Waste Management, Inc.
     25,755       803  
 
                
 
             3,083  
 
                
Consumer Durables & Apparel 1.5%
                
American Greetings Corp., Class A
     3,600       16  
Beazer Homes USA, Inc. *
     21,135       22  
Brookfield Homes Corp.
     2,800       7  
Brunswick Corp.
     12,170       34  
Centex Corp.
     20,290       173  
Coach, Inc. *
     5,475       80  
D.R. Horton, Inc.
     42,690       254  
Eastman Kodak Co.
     33,240       151  
Fortune Brands, Inc.
     7,000       224  
Furniture Brands International, Inc.
     7,900       16  
Garmin Ltd.
     1,370       24  
Hanesbrands, Inc. *
     9,600       86  
Harman International Industries, Inc.
     3,520       57  
Hasbro, Inc.
     5,465       132  
Hovnanian Enterprises, Inc., Class A *
     23,570       40  
Jarden Corp. *
     4,277       45  
Jones Apparel Group, Inc.
     12,375       43  
KB HOME
     13,960       149  
Leggett & Platt, Inc.
     14,720       184  
Lennar Corp., Class A
     22,400       172  
Liz Claiborne, Inc.
     10,545       23  
M.D.C. Holdings, Inc.
     3,635       111  
Mattel, Inc.
     16,235       230  
Meritage Homes Corp. *
     8,325       92  
Mohawk Industries, Inc. *
     5,435       174  
Newell Rubbermaid, Inc.
     17,550       142  
NIKE, Inc., Class B
     10,828       490  

2

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
NVR, Inc. *
     703       300  
Polaris Industries, Inc.
     1,900       40  
Polo Ralph Lauren Corp.
     2,720       112  
Pulte Homes, Inc.
     38,870       395  
Quiksilver, Inc. *
     8,550       18  
Snap-on, Inc.
     2,230       67  
Standard Pacific Corp. *
     59,055       83  
The Black & Decker Corp.
     4,030       116  
The Ryland Group, Inc.
     5,435       85  
The Stanley Works
     3,840       120  
The Timberland Co., Class A *
     4,400       48  
Toll Brothers, Inc. *
     12,395       211  
Tupperware Brands Corp.
     2,940       60  
VF Corp.
     4,545       255  
Whirlpool Corp.
     5,655       189  
 
                
 
             5,270  
 
                
Consumer Services 1.3%
                
Apollo Group, Inc., Class A *
     2,225       181  
Boyd Gaming Corp.
     2,725       13  
Brink’s Home Security Holdings, Inc. *
     820       19  
Brinker International, Inc.
     6,855       75  
Burger King Holdings, Inc.
     3,740       83  
Career Education Corp. *
     6,935       151  
Carnival Corp.
     24,245       441  
Darden Restaurants, Inc.
     6,245       164  
H&R Block, Inc.
     18,465       383  
Hillenbrand, Inc.
     1,625       30  
International Game Technology
     5,255       56  
Interval Leisure Group, Inc. *
     5,649       28  
Jack in the Box, Inc. *
     3,240       73  
Las Vegas Sands Corp. *
     2,270       12  
Marriott International, Inc., Class A
     10,460       170  
McDonald’s Corp.
     28,280       1,641  
MGM MIRAGE *
     12,215       98  
Penn National Gaming, Inc. *
     2,140       40  
Regis Corp.
     3,375       38  
Royal Caribbean Cruises Ltd.
     7,805       51  
Service Corp. International
     9,400       43  
Starbucks Corp. *
     20,290       191  
Starwood Hotels & Resorts Worldwide, Inc.
     7,470       113  
Wendy’s/Arby’s Group, Inc., Class A
     28,946       146  
Wyndham Worldwide Corp.
     13,240       81  
Yum! Brands, Inc.
     9,330       267  
 
                
 
             4,588  
 
                
Diversified Financials 5.8%
                
Allied Capital Corp.
     16,000       25  
American Capital Ltd.
     8,455       24  
American Express Co.
     44,425       743  
AmeriCredit Corp. *
     14,470       68  
Ameriprise Financial, Inc.
     8,500       171  
Apollo Investment Corp.
     8,514       56  
Bank of America Corp.
     451,380       2,970  
Bank of New York Mellon Corp.
     26,752       689  
Capital One Financial Corp.
     26,910       426  
CIT Group, Inc.
     44,705       125  
Citigroup, Inc.
     624,275       2,216  
CME Group, Inc.
     1,245       216  
CompuCredit Corp. *
     4,000       13  
Discover Financial Services
     37,422       267  
E*TRADE Financial Corp. *
     90,475       103  
Federated Investors, Inc., Class B
     2,030       40  
Franklin Resources, Inc.
     4,040       196  
Interactive Brokers Group, Inc., Class A *
     5,600       85  
Janus Capital Group, Inc.
     3,965       21  
Jefferies Group, Inc.
     5,030       58  
JPMorgan Chase & Co.
     239,542       6,111  
Legg Mason, Inc.
     4,720       76  
Leucadia National Corp. *
     2,000       32  
MF Global Ltd. *
     7,100       19  
Moody’s Corp.
     3,670       79  
Morgan Stanley
     80,135       1,621  
Nelnet, Inc., Class A
     3,400       47  
Northern Trust Corp.
     6,860       395  
NYSE Euronext
     1,720       38  
Och-Ziff Capital Management Group, Class A
     9,300       46  
PHH Corp. *
     15,390       170  
Raymond James Financial, Inc.
     5,535       102  
SLM Corp. *
     28,935       331  
State Street Corp.
     8,336       194  
T. Rowe Price Group, Inc.
     3,745       103  
TD Ameritrade Holding Corp. *
     12,470       140  
The Charles Schwab Corp. (b)
     20,515       279  
The Goldman Sachs Group, Inc.
     16,911       1,365  
The Nasdaq OMX Group, Inc. *
     3,830       84  
The Student Loan Corp.
     208       10  
Virtus Investment Partners, Inc. *
     514       3  
 
                
 
             19,757  
 
                
Energy 10.8%
                
Anadarko Petroleum Corp.
     15,415       566  
Apache Corp.
     7,220       541  
Baker Hughes, Inc.
     7,475       249  
BJ Services Co.
     8,770       96  
Cameron International Corp. *
     10,250       237  
Chesapeake Energy Corp.
     14,420       228  
Chevron Corp.
     98,795       6,967  
Cimarex Energy Co.
     3,845       96  
ConocoPhillips
     79,730       3,790  
CONSOL Energy, Inc.
     2,135       58  
CVR Energy, Inc. *
     2,100       11  
Denbury Resources, Inc. *
     4,500       55  
Devon Energy Corp.
     12,570       774  
Diamond Offshore Drilling, Inc.
     1,220       77  
El Paso Corp.
     31,120       255  
ENSCO International, Inc.
     2,530       69  
EOG Resources, Inc.
     2,950       200  
Exxon Mobil Corp.
     181,020       13,844  
FMC Technologies, Inc. *
     2,040       60  
Forest Oil Corp. *
     2,550       38  
Foundation Coal Holdings, Inc.
     2,000       32  

3

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Frontier Oil Corp.
     2,830       40  
General Maritime Corp.
     5,484       58  
Halliburton Co.
     22,565       389  
Helmerich & Payne, Inc.
     2,495       56  
Hess Corp.
     7,550       420  
Marathon Oil Corp.
     35,990       980  
Massey Energy Co.
     2,440       37  
Murphy Oil Corp.
     4,675       207  
Nabors Industries Ltd. *
     8,800       96  
National-Oilwell Varco, Inc. *
     5,623       149  
Newfield Exploration Co. *
     6,000       115  
Noble Corp.
     9,540       259  
Noble Energy
     3,735       183  
Occidental Petroleum Corp.
     20,670       1,128  
Overseas Shipholding Group, Inc.
     2,120       76  
Peabody Energy Corp.
     3,445       86  
Petrohawk Energy Corp. *
     5,800       114  
Pioneer Natural Resources Co.
     4,150       61  
Plains Exploration & Production Co. *
     2,000       42  
Pride International, Inc. *
     5,165       83  
Schlumberger Ltd.
     12,570       513  
SEACOR Holdings, Inc. *
     100       7  
Ship Finance International Ltd.
     2,740       31  
Smith International, Inc.
     3,340       76  
Southern Union Co.
     15,250       197  
Southwestern Energy Co. *
     2,840       90  
Spectra Energy Corp.
     17,760       258  
Sunoco, Inc.
     10,690       495  
Teekay Corp.
     2,940       52  
Tesoro Corp.
     10,960       189  
The Williams Cos., Inc.
     15,875       225  
Tidewater, Inc.
     2,120       88  
Transocean Ltd. *
     2,171       119  
Unit Corp. *
     2,010       50  
Valero Energy Corp.
     31,925       770  
Weatherford International Ltd. *
     12,990       143  
Whiting Petroleum Corp. *
     1,200       35  
World Fuel Services Corp.
     4,400       149  
XTO Energy, Inc.
     7,825       290  
 
                
 
             36,599  
 
                
Food & Staples Retailing 4.0%
                
BJ’s Wholesale Club, Inc. *
     5,870       168  
Casey’s General Stores, Inc.
     3,100       66  
Costco Wholesale Corp.
     22,015       991  
CVS Caremark Corp.
     24,135       649  
Nash Finch Co.
     1,830       79  
Ruddick Corp.
     2,335       56  
Safeway, Inc.
     31,340       672  
SUPERVALU, Inc.
     24,820       435  
Sysco Corp.
     34,640       772  
The Great Atlantic & Pacific Tea Co., Inc. *
     5,700       41  
The Kroger Co.
     57,120       1,285  
The Pantry, Inc. *
     3,920       65  
Wal-Mart Stores, Inc.
     146,915       6,923  
Walgreen Co.
     39,470       1,082  
Weis Markets, Inc.
     1,320       41  
Whole Foods Market, Inc.
     20,130       206  
Winn-Dixie Stores, Inc. *
     5,800       80  
 
                
 
             13,611  
 
                
Food, Beverage & Tobacco 6.3%
                
Altria Group, Inc.
     110,160       1,822  
Archer-Daniels-Midland Co.
     28,705       786  
Brown-Forman Corp., Class B
     4,900       222  
Bunge Ltd.
     5,675       244  
Campbell Soup Co.
     10,430       317  
Chiquita Brands International, Inc. *
     4,300       60  
Coca-Cola Enterprises, Inc.
     23,095       259  
ConAgra Foods, Inc.
     34,605       592  
Constellation Brands, Inc., Class A *
     16,305       237  
Corn Products International, Inc.
     2,800       65  
Cosan Ltd., Class A *
     8,500       27  
Dean Foods Co. *
     21,390       414  
Del Monte Foods Co.
     13,530       90  
Fresh Del Monte Produce, Inc. *
     5,500       132  
General Mills, Inc.
     16,505       976  
H.J. Heinz Co.
     15,575       568  
Hormel Foods Corp.
     3,660       109  
Kellogg Co.
     9,480       414  
Kraft Foods, Inc., Class A
     87,072       2,442  
Lorillard, Inc.
     5,968       355  
McCormick & Co., Inc.
     5,240       168  
Molson Coors Brewing Co., Class B
     6,680       269  
PepsiAmericas, Inc.
     5,080       82  
PepsiCo, Inc.
     36,230       1,820  
Philip Morris International, Inc.
     108,200       4,020  
Reynolds American, Inc.
     8,675       331  
Sara Lee Corp.
     68,750       690  
Smithfield Foods, Inc. *
     14,806       176  
The Coca-Cola Co.
     55,165       2,357  
The Hershey Co.
     8,750       326  
The J.M. Smucker Co.
     5,425       245  
The Pepsi Bottling Group, Inc.
     8,535       165  
Tyson Foods, Inc., Class A
     52,280       463  
Universal Corp., VA
     4,000       122  
 
                
 
             21,365  
 
                
Health Care Equipment & Services 4.2%
                
Aetna, Inc.
     11,660       361  
Alcon, Inc.
     895       77  
AMERIGROUP Corp. *
     2,200       62  
AmerisourceBergen Corp.
     24,570       892  
Baxter International, Inc.
     14,160       830  
Beckman Coulter, Inc.
     2,820       140  
Becton, Dickinson & Co.
     4,755       346  
Boston Scientific Corp. *
     70,065       621  
Brookdale Senior Living, Inc.
     1,600       11  
C.R. Bard, Inc.
     1,420       122  
Cardinal Health, Inc.
     27,820       1,047  
Cerner Corp. *
     2,105       71  
CIGNA Corp.
     14,709       255  
Community Health Systems, Inc. *
     6,550       122  

4

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Coventry Health Care, Inc. *
     5,950       90  
Covidien Ltd.
     13,570       520  
DaVita, Inc. *
     3,580       168  
DENTSPLY International, Inc.
     3,035       82  
Express Scripts, Inc. *
     7,020       377  
Health Management Associates, Inc., Class A *
     36,995       59  
Health Net, Inc. *
     8,070       118  
Henry Schein, Inc. *
     2,930       110  
Hill-Rom Holdings, Inc.
     2,900       41  
Hospira, Inc. *
     3,850       96  
Humana, Inc. *
     7,170       272  
IMS Health, Inc.
     3,640       53  
Kindred Healthcare, Inc. *
     4,600       62  
Laboratory Corp. of America Holdings *
     2,930       173  
LifePoint Hospitals, Inc. *
     4,830       109  
Lincare Holdings, Inc. *
     2,935       71  
Magellan Health Services, Inc. *
     2,000       72  
McKesson Corp.
     25,900       1,145  
Medco Health Solutions, Inc. *
     25,110       1,128  
Medtronic, Inc.
     22,365       749  
Omnicare, Inc.
     9,910       277  
Owens & Minor, Inc.
     3,335       133  
Patterson Cos., Inc. *
     10,635       196  
Quest Diagnostics, Inc.
     4,355       215  
St. Jude Medical, Inc. *
     6,560       239  
Stryker Corp.
     3,845       162  
Teleflex, Inc.
     2,220       118  
Tenet Healthcare Corp. *
     80,075       86  
UnitedHealth Group, Inc.
     33,175       940  
Universal Health Services, Inc., Class B
     2,825       107  
Varian Medical Systems, Inc. *
     2,120       79  
WellPoint, Inc. *
     23,170       960  
Zimmer Holdings, Inc. *
     4,040       147  
 
                
 
             14,111  
 
                
Household & Personal Products 2.3%
                
Alberto-Culver Co.
     14,870       364  
Avon Products, Inc.
     10,225       209  
Colgate-Palmolive Co.
     11,630       756  
Energizer Holdings, Inc. *
     720       34  
Kimberly-Clark Corp.
     19,320       994  
The Clorox Co.
     7,010       352  
The Estee Lauder Cos., Inc., Class A
     6,460       170  
The Procter & Gamble Co.
     89,335       4,869  
 
                
 
             7,748  
 
                
Insurance 5.1%
                
ACE Ltd.
     16,240       709  
Aflac, Inc.
     10,540       245  
Alleghany Corp. *
     200       54  
Allied World Assurance Co. Holdings Ltd.
     3,540       133  
Ambac Financial Group, Inc.
     73,935       84  
American Financial Group, Inc.
     4,340       74  
American International Group, Inc.
     159,600       204  
Aon Corp.
     10,960       406  
Arch Capital Group Ltd. *
     2,225       134  
Arthur J. Gallagher & Co.
     5,040       119  
Aspen Insurance Holdings Ltd.
     3,225       71  
Assurant, Inc.
     4,555       120  
Axis Capital Holdings Ltd.
     5,950       144  
Berkshire Hathaway, Inc., Class A *
     26       2,327  
Berkshire Hathaway, Inc., Class B *
     351       1,049  
Cincinnati Financial Corp.
     11,080       243  
CNA Financial Corp.
     10,500       122  
Endurance Specialty Holdings Ltd.
     2,330       64  
Erie Indemnity Co., Class A
     825       29  
Everest Re Group Ltd.
     2,525       159  
Fidelity National Financial, Inc., Class A
     41,565       608  
First American Corp.
     8,360       183  
Genworth Financial, Inc., Class A
     26,600       62  
Hanover Insurance Group, Inc.
     2,030       82  
HCC Insurance Holdings, Inc.
     4,735       111  
IPC Holdings Ltd.
     2,600       67  
Lincoln National Corp.
     12,880       195  
Loews Corp.
     20,182       492  
Markel Corp. *
     613       166  
Marsh & McLennan Cos., Inc.
     32,750       633  
MBIA, Inc. *
     37,710       146  
Mercury General Corp.
     2,430       94  
MetLife, Inc.
     39,705       1,141  
Montpelier Re Holdings Ltd.
     8,280       117  
Odyssey Re Holdings Corp.
     2,000       94  
Old Republic International Corp.
     23,560       243  
OneBeacon Insurance Group Ltd.
     6,900       58  
PartnerRe Ltd.
     2,930       192  
Principal Financial Group, Inc.
     10,785       179  
Protective Life Corp.
     13,435       111  
Prudential Financial, Inc.
     22,640       583  
Reinsurance Group of America, Inc.
     3,300       118  
RenaissanceRe Holdings Ltd.
     2,725       122  
Selective Insurance Group, Inc.
     3,340       51  
StanCorp Financial Group, Inc.
     2,225       57  
Stewart Information Services Corp.
     1,900       28  
The Allstate Corp.
     41,055       890  
The Chubb Corp.
     18,375       782  
The Hartford Financial Services Group, Inc.
     21,310       280  
The Phoenix Cos., Inc.
     10,280       18  
The Progressive Corp.
     33,045       402  
The Travelers Cos., Inc.
     36,995       1,430  
Torchmark Corp.
     4,040       121  
Transatlantic Holdings, Inc.
     4,025       129  
Unitrin, Inc.
     3,650       47  
Unum Group
     20,925       296  
W. R. Berkley Corp.
     6,560       174  
Wesco Financial Corp.
     112       34  

5

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
White Mountains Insurance Group Ltd.
     529       128  
XL Capital Ltd., Class A
     30,485       88  
 
                
 
             17,242  
 
                
Materials 2.9%
                
AbitibiBowater, Inc. *
     11,917       9  
Air Products & Chemicals, Inc.
     6,075       306  
Airgas, Inc.
     1,600       57  
AK Steel Holding Corp.
     2,845       23  
Albemarle Corp.
     2,000       45  
Alcoa, Inc.
     39,005       304  
Allegheny Technologies, Inc.
     911       20  
AptarGroup, Inc.
     2,000       62  
Ashland, Inc.
     10,735       86  
Ball Corp.
     4,240       163  
Bemis Co., Inc.
     6,655       150  
Cabot Corp.
     4,030       54  
Carpenter Technology Corp.
     2,000       33  
Celanese Corp., Series A
     4,200       45  
Chemtura Corp.
     15,430       12  
Clearwater Paper Corp. *
     920       10  
Commercial Metals Co.
     6,645       76  
Crown Holdings, Inc. *
     8,720       164  
Cytec Industries, Inc.
     1,720       35  
Domtar Corp. *
     28,400       42  
E.I. du Pont de Nemours & Co.
     43,045       988  
Eastman Chemical Co.
     4,960       129  
Ecolab, Inc.
     4,560       155  
FMC Corp.
     1,640       73  
Freeport-McMoRan Copper & Gold, Inc.
     4,385       110  
Graphic Packaging Holding Co. *
     13,695       12  
Greif, Inc., Class A
     1,212       37  
Huntsman Corp.
     13,665       36  
International Flavors & Fragrances, Inc.
     3,535       101  
International Paper Co.
     38,195       348  
Louisiana-Pacific Corp.
     13,885       29  
Martin Marietta Materials, Inc.
     1,110       89  
MeadWestvaco Corp.
     14,540       169  
Monsanto Co.
     4,795       365  
Nalco Holding Co.
     8,370       82  
Newmont Mining Corp.
     11,210       446  
Nucor Corp.
     10,980       448  
Olin Corp.
     4,855       68  
Owens-Illinois, Inc. *
     3,645       69  
Packaging Corp. of America
     3,445       49  
Pactiv Corp. *
     6,060       131  
PPG Industries, Inc.
     10,800       406  
Praxair, Inc.
     6,485       404  
Reliance Steel & Aluminum Co.
     2,120       47  
Rohm & Haas Co.
     6,000       331  
RPM International, Inc.
     7,465       92  
Sealed Air Corp.
     6,875       93  
Sigma-Aldrich Corp.
     2,530       91  
Silgan Holdings, Inc.
     1,220       56  
Sonoco Products Co.
     6,255       143  
Southern Copper Corp.
     5,765       80  
Steel Dynamics, Inc.
     2,250       24  
Temple-Inland, Inc.
     19,945       113  
The Dow Chemical Co.
     64,900       752  
The Lubrizol Corp.
     2,135       73  
The Mosaic Co.
     5,760       205  
The Scotts Miracle-Gro Co., Class A
     4,420       142  
The Valspar Corp.
     6,750       117  
United States Steel Corp.
     4,095       123  
Valhi, Inc.
     850       13  
Vulcan Materials Co.
     4,223       209  
Westlake Chemical Corp.
     2,000       27  
Weyerhaeuser Co.
     18,380       503  
Worthington Industries, Inc.
     7,065       71  
 
                
 
             9,745  
 
                
Media 2.9%
                
Ascent Media Corp., Class A *
     440       12  
Belo Corp., Class A
     10,480       15  
Cablevision Systems Corp., Class A
     19,065       306  
CBS Corp., Class B
     55,290       316  
Charter Communications, Inc., Class A *
     20,100       2  
Clear Channel Outdoor Holdings, Inc., Class A *
     7,170       37  
Comcast Corp., Class A
     91,460       1,340  
Comcast Corp., Special Class A
     36,620       508  
Discovery Communications, Inc., Series A *
     13,907       202  
Discovery Communications, Inc., Series C *
     4,407       63  
DISH Network Corp., Class A *
     11,770       151  
Gannett Co., Inc.
     22,830       132  
Hearst-Argyle Television, Inc.
     3,140       12  
Lamar Advertising Co., Class A *
     3,820       34  
Lee Enterprises, Inc.
     7,970       3  
Liberty Global, Inc., Series A *
     6,610       96  
Liberty Global, Inc., Series C *
     7,070       101  
Liberty Media Corp - Entertainment, Series A *
     17,468       321  
Liberty Media Corp. - Capital, Series A *
     2,217       12  
Live Nation, Inc. *
     8,745       46  
Meredith Corp.
     1,300       21  
News Corp., Class A
     98,320       628  
News Corp., Class B
     19,540       141  
Omnicom Group, Inc.
     10,804       280  
Regal Entertainment Group, Class A
     17,685       178  
Scholastic Corp.
     2,200       24  
Scripps Networks Interactive, Class A
     3,245       70  
The DIRECTV Group, Inc. *
     18,940       415  
The E.W. Scripps Co., Class A
     1,515       2  
The Interpublic Group of Cos., Inc. *
     22,305       74  
The McClatchy Co., Class A
     14,080       9  
The McGraw-Hill Cos., Inc.
     11,180       246  

6

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The New York Times Co., Class A
     10,600       53  
The Walt Disney Co.
     68,970       1,426  
The Washington Post Co., Class B
     100       39  
Time Warner Cable, Inc., Class A *
     10,000       186  
Time Warner, Inc.
     216,505       2,020  
Viacom, Inc., Class B *
     12,700       187  
Virgin Media, Inc.
     23,710       108  
Warner Music Group Corp.
     9,960       20  
 
                
 
             9,836  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 8.0%
                
Abbott Laboratories
     44,145       2,447  
Allergan, Inc.
     3,130       119  
Amgen, Inc. *
     33,135       1,817  
Biogen Idec, Inc. *
     5,950       289  
Bristol-Myers Squibb Co.
     118,130       2,529  
Celgene Corp. *
     2,052       109  
Cephalon, Inc. *
     935       72  
Charles River Laboratories International, Inc. *
     7,400       181  
Covance, Inc. *
     3,100       120  
Eli Lilly & Co.
     40,955       1,508  
Forest Laboratories, Inc. *
     6,455       162  
Genentech, Inc. *
     3,570       290  
Genzyme Corp. *
     4,750       327  
Gilead Sciences, Inc. *
     3,860       196  
Johnson & Johnson
     88,045       5,079  
King Pharmaceuticals, Inc. *
     16,900       148  
Life Technologies Corp. *
     4,519       115  
Merck & Co., Inc.
     90,135       2,573  
Mylan, Inc. *
     8,175       93  
PerkinElmer, Inc.
     4,250       54  
Pfizer, Inc.
     394,620       5,754  
Schering-Plough Corp.
     35,390       621  
Teva Pharmaceutical Industries Ltd. ADR
     1,298       54  
Thermo Fisher Scientific, Inc. *
     9,445       339  
Warner Chilcott Ltd., Class A *
     3,000       41  
Watson Pharmaceuticals, Inc. *
     5,665       155  
Wyeth
     47,240       2,030  
 
                
 
             27,222  
 
                
Real Estate 1.6%
                
Alexandria Real Estate Equities, Inc.
     3,184       189  
AMB Property Corp.
     3,840       62  
Annaly Capital Management, Inc.
     13,585       206  
Apartment Investment & Management Co., Class A
     9,954       89  
AvalonBay Communities, Inc.
     2,320       120  
Boston Properties, Inc.
     5,290       229  
Brandywine Realty Trust
     7,625       46  
BRE Properties, Inc.
     1,720       44  
Camden Property Trust
     3,720       98  
CB Richard Ellis Group, Inc., Class A *
     1,130       4  
CBL & Associates Properties, Inc.
     4,730       19  
Colonial Properties Trust
     4,225       31  
Cousins Properties, Inc.
     5,420       52  
Developers Diversified Realty Corp.
     4,235       20  
Duke Realty Corp.
     12,475       115  
Equity One, Inc.
     1,880       27  
Equity Residential
     15,945       382  
Federal Realty Investment Trust
     1,870       95  
First Industrial Realty Trust, Inc.
     3,530       19  
HCP, Inc.
     10,465       244  
Health Care REIT, Inc.
     5,430       205  
Healthcare Realty Trust, Inc.
     6,535       108  
Highwoods Properties, Inc.
     3,535       80  
Home Properties, Inc.
     2,220       80  
Hospitality Properties Trust
     6,155       83  
Host Hotels & Resorts, Inc.
     18,485       99  
HRPT Properties Trust
     26,850       85  
iStar Financial, Inc.
     15,470       16  
Kimco Realty Corp.
     9,260       133  
Liberty Property Trust
     9,250       185  
Mack-Cali Realty Corp.
     3,950       80  
Nationwide Health Properties, Inc.
     3,435       88  
Newcastle Investment Corp.
     730       —  
Pennsylvania Real Estate Investment Trust
     2,420       11  
Plum Creek Timber Co., Inc.
     7,395       228  
Post Properties, Inc.
     2,825       37  
Potlatch Corp.
     3,220       81  
ProLogis
     9,360       94  
Public Storage
     3,330       206  
Rayonier, Inc.
     3,335       98  
Realty Income Corp.
     5,340       103  
Redwood Trust, Inc.
     4,125       52  
Regency Centers Corp.
     3,020       107  
Senior Housing Properties Trust
     6,740       109  
Simon Property Group, Inc.
     5,530       238  
SL Green Realty Corp.
     1,207       19  
The Macerich Co.
     2,470       36  
UDR, Inc.
     6,650       78  
Ventas, Inc.
     5,925       165  
Vornado Realty Trust
     5,893       299  
Weingarten Realty Investors
     4,035       65  
 
                
 
             5,359  
 
                
Retailing 3.9%
                
Abercrombie & Fitch Co., Class A
     8,320       149  
Advance Auto Parts, Inc.
     5,845       191  
Amazon.com, Inc. *
     2,450       144  
American Eagle Outfitters, Inc.
     3,435       31  
AnnTaylor Stores Corp. *
     3,430       17  
Asbury Automotive Group, Inc.
     7,645       27  
AutoNation, Inc. *
     28,915       268  
AutoZone, Inc. *
     1,723       229  
Barnes & Noble, Inc.
     3,240       53  
Bed Bath & Beyond, Inc. *
     10,165       236  
Best Buy Co., Inc.
     20,450       573  
Big Lots, Inc. *
     8,665       117  
Blockbuster, Inc., Class A *
     59,375       76  
Borders Group, Inc. *
     12,360       5  

7

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
CarMax, Inc. *
     11,440       95  
Charming Shoppes, Inc. *
     18,490       20  
Chico’s FAS, Inc. *
     8,400       33  
Collective Brands, Inc. *
     6,340       68  
Core-Mark Holding Co., Inc. *
     5,100       94  
Dick’s Sporting Goods, Inc. *
     4,200       46  
Dillard’s, Inc., Class A
     14,175       62  
Dollar Tree, Inc. *
     5,745       245  
Expedia, Inc. *
     13,430       120  
Family Dollar Stores, Inc.
     12,375       344  
Foot Locker, Inc.
     16,595       122  
GameStop Corp., Class A *
     3,190       79  
Genuine Parts Co.
     9,500       304  
Group 1 Automotive, Inc.
     4,335       43  
HSN, Inc. *
     5,400       26  
J.C. Penney Co., Inc.
     13,600       228  
Kohl’s Corp. *
     14,895       547  
Liberty Media Corp. - Interactive Class A *
     40,920       128  
Limited Brands, Inc.
     36,420       288  
Lowe’s Cos., Inc.
     65,155       1,190  
Macy’s, Inc.
     37,820       339  
Nordstrom, Inc.
     7,255       92  
O’Reilly Automotive, Inc. *
     7,130       207  
Office Depot, Inc. *
     41,250       89  
OfficeMax, Inc.
     12,055       66  
Penske Auto Group, Inc.
     5,595       42  
PetSmart, Inc.
     5,140       96  
RadioShack Corp.
     8,880       102  
Rent-A-Center, Inc. *
     9,670       144  
Ross Stores, Inc.
     4,645       137  
Saks, Inc. *
     20,535       52  
Sears Holdings Corp. *
     10,121       414  
Sonic Automotive, Inc., Class A
     9,160       19  
Staples, Inc.
     24,650       393  
Target Corp.
     33,595       1,048  
The Gap, Inc.
     21,675       245  
The Home Depot, Inc.
     128,316       2,763  
The Sherwin-Williams Co.
     4,945       236  
The Talbots, Inc.
     4,035       8  
The TJX Cos., Inc.
     13,430       261  
Ticketmaster Entertainment, Inc. *
     4,449       26  
Tiffany & Co.
     3,535       73  
TravelCenters of America LLC *
     7,800       18  
Williams-Sonoma, Inc.
     4,845       38  
Zale Corp. *
     4,745       6  
 
                
 
             13,112  
 
                
Semiconductors & Semiconductor Equipment 1.5%
                
Advanced Micro Devices, Inc. *
     58,730       129  
Altera Corp.
     6,150       95  
Amkor Technology, Inc. *
     8,780       20  
Analog Devices, Inc.
     7,965       159  
Applied Materials, Inc.
     25,225       236  
Atmel Corp. *
     26,190       88  
Broadcom Corp., Class A *
     10,545       167  
Fairchild Semiconductor International, Inc. *
     6,660       30  
Integrated Device Technology, Inc. *
     9,495       55  
Intel Corp.
     181,000       2,335  
International Rectifier Corp. *
     3,825       52  
Intersil Corp., Class A
     2,835       26  
KLA-Tencor Corp.
     4,280       86  
Lam Research Corp. *
     2,000       40  
Linear Technology Corp.
     4,555       107  
LSI Corp. *
     23,040       73  
Marvell Technology Group Ltd. *
     10,430       76  
Microchip Technology, Inc.
     4,480       85  
Micron Technology, Inc. *
     65,575       244  
National Semiconductor Corp.
     8,050       82  
Novellus Systems, Inc. *
     4,000       55  
NVIDIA Corp. *
     24,517       195  
Spansion, Inc., Class A *
     49,331       3  
Teradyne, Inc. *
     6,550       32  
Texas Instruments, Inc.
     29,270       438  
Xilinx, Inc.
     5,960       100  
 
                
 
             5,008  
 
                
Software & Services 4.2%
                
Accenture Ltd., Class A
     17,795       562  
Activision Blizzard, Inc. *
     9,100       80  
Adobe Systems, Inc. *
     6,240       121  
Affiliated Computer Services, Inc., Class A *
     5,255       241  
Alliance Data Systems Corp. *
     1,580       66  
Amdocs Ltd. *
     5,700       96  
Autodesk, Inc. *
     2,300       38  
Automatic Data Processing, Inc.
     18,480       671  
BMC Software, Inc. *
     3,040       77  
Broadridge Financial Solutions, Inc.
     5,737       77  
CA, Inc.
     9,105       164  
CACI International, Inc., Class A *
     1,700       77  
Cadence Design Systems, Inc. *
     10,575       40  
Citrix Systems, Inc. *
     8,230       173  
Computer Sciences Corp. *
     15,645       576  
Compuware Corp. *
     11,560       75  
Convergys Corp. *
     10,165       77  
DST Systems, Inc. *
     2,000       64  
eBay, Inc. *
     15,575       187  
Electronic Arts, Inc. *
     6,150       95  
Fidelity National Information Services, Inc.
     6,920       110  
Fiserv, Inc. *
     5,050       160  
Google, Inc., Class A *
     1,441       488  
Hewitt Associates, Inc., Class A *
     3,150       89  
IAC/InterActiveCorp. *
     12,562       185  
Intuit, Inc. *
     6,855       155  
Lender Processing Services, Inc.
     1,860       48  
MasterCard, Inc., Class A
     868       118  
McAfee, Inc. *
     2,935       90  
Metavante Technologies, Inc. *
     5,495       80  
Microsoft Corp.
     345,465       5,907  
Oracle Corp. *
     84,080       1,415  
Paychex, Inc.
     8,160       198  
Perot Systems Corp., Class A *
     4,455       58  

8

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
SAIC, Inc. *
     18,500       365  
Symantec Corp. *
     33,345       511  
Synopsys, Inc. *
     2,100       39  
Total System Services, Inc.
     9,000       114  
VeriSign, Inc. *
     6,660       129  
Western Union Co.
     7,710       105  
Yahoo!, Inc. *
     14,355       168  
 
                
 
             14,089  
 
                
Technology Hardware & Equipment 4.6%
                
Agilent Technologies, Inc. *
     6,805       123  
Amphenol Corp., Class A
     4,100       107  
Anixter International, Inc. *
     2,620       71  
Apple, Inc. *
     9,665       871  
Arrow Electronics, Inc. *
     10,895       208  
Avnet, Inc. *
     12,280       243  
AVX Corp.
     3,080       28  
Benchmark Electronics, Inc. *
     5,140       60  
Cisco Systems, Inc. *
     108,715       1,627  
Corning, Inc.
     18,260       185  
Dell, Inc. *
     74,710       710  
Diebold, Inc.
     5,130       127  
EMC Corp. *
     44,710       494  
Flextronics International Ltd. *
     61,842       161  
Harris Corp.
     2,725       118  
Hewlett-Packard Co.
     72,995       2,537  
Ingram Micro, Inc., Class A *
     34,555       424  
Insight Enterprises, Inc. *
     5,900       31  
International Business Machines Corp.
     38,795       3,556  
Jabil Circuit, Inc.
     19,795       115  
Juniper Networks, Inc. *
     9,770       138  
Lexmark International, Inc., Class A *
     5,745       136  
Mettler-Toledo International, Inc. *
     300       20  
Molex, Inc.
     2,930       39  
Molex, Inc., Class A
     2,930       36  
Motorola, Inc.
     161,020       713  
NCR Corp. *
     10,345       130  
NetApp, Inc. *
     5,230       77  
QUALCOMM, Inc.
     26,085       901  
SanDisk Corp. *
     10,565       121  
Sanmina-SCI Corp. *
     197,095       65  
Seagate Technology
     19,635       74  
Sun Microsystems, Inc. *
     30,953       129  
SYNNEX Corp. *
     2,770       42  
Tech Data Corp. *
     13,240       240  
Tellabs, Inc. *
     22,760       94  
Tyco Electronics Ltd.
     21,515       305  
UTStarcom, Inc. *
     15,400       23  
Vishay Intertechnology, Inc. *
     19,940       59  
Western Digital Corp. *
     6,600       97  
Xerox Corp.
     55,250       367  
 
                
 
             15,602  
 
                
Telecommunication Services 4.6%
                
American Tower Corp., Class A *
     5,665       172  
AT&T, Inc.
     242,165       5,962  
CenturyTel, Inc.
     6,765       184  
Crown Castle International Corp. *
     10,000       195  
Embarq Corp.
     9,040       323  
Frontier Communications Corp.
     35,560       288  
Leap Wireless International, Inc. *
     2,000       50  
Level 3 Communications, Inc. *
     68,000       68  
NII Holdings, Inc. *
     3,370       65  
Qwest Communications International, Inc.
     133,080       429  
Sprint Nextel Corp. *
     417,400       1,014  
Telephone & Data Systems, Inc.
     2,300       70  
Telephone & Data Systems, Inc., Special Shares
     2,330       63  
United States Cellular Corp. *
     4,135       174  
Verizon Communications, Inc.
     221,250       6,609  
Windstream Corp.
     10,300       90  
 
                
 
             15,756  
 
                
Transportation 2.1%
                
Alaska Air Group, Inc. *
     4,725       125  
Alexander & Baldwin, Inc.
     2,820       62  
AMERCO *
     1,820       56  
AMR Corp. *
     44,620       265  
Avis Budget Group, Inc. *
     31,490       22  
Burlington Northern Santa Fe Corp.
     9,820       651  
C.H. Robinson Worldwide, Inc.
     3,180       146  
Con-way, Inc.
     3,830       84  
Continental Airlines, Inc., Class B *
     13,670       184  
CSX Corp.
     11,670       338  
Expeditors International of Washington, Inc.
     3,325       92  
FedEx Corp.
     15,462       788  
Hertz Global Holdings, Inc. *
     52,500       266  
J.B. Hunt Transport Services, Inc.
     2,845       63  
JetBlue Airways Corp. *
     18,040       102  
Kansas City Southern *
     10,330       188  
Norfolk Southern Corp.
     12,250       470  
Ryder System, Inc.
     3,710       125  
SkyWest, Inc.
     3,700       58  
Southwest Airlines Co.
     31,575       222  
UAL Corp. *
     22,400       211  
Union Pacific Corp.
     17,856       782  
United Parcel Service, Inc., Class B
     37,180       1,580  
US Airways Group, Inc. *
     6,900       39  
Werner Enterprises, Inc.
     3,940       59  
YRC Worldwide, Inc. *
     20,955       60  
 
                
 
             7,038  
 
                
Utilities 7.6%
                
AGL Resources, Inc.
     4,640       143  
Allegheny Energy, Inc.
     4,055       135  
ALLETE, Inc.
     2,330       72  
Alliant Energy Corp.
     8,275       239  
Ameren Corp.
     18,290       608  
American Electric Power Co., Inc.
     31,945       1,001  
Aqua America, Inc.
     4,200       87  
Atmos Energy Corp.
     8,360       205  

9

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Avista Corp.
     4,250       81  
Black Hills Corp.
     2,825       75  
CenterPoint Energy, Inc.
     33,070       442  
Cleco Corp.
     3,635       83  
CMS Energy Corp.
     20,510       241  
Consolidated Edison, Inc.
     23,125       942  
Constellation Energy Group, Inc.
     7,080       186  
Dominion Resources, Inc.
     40,410       1,422  
DPL, Inc.
     4,020       87  
DTE Energy Co.
     16,865       582  
Duke Energy Corp.
     129,165       1,957  
Edison International
     17,690       576  
Energen Corp.
     6,620       193  
Entergy Corp.
     7,917       605  
EQT Corp.
     2,180       75  
Exelon Corp.
     21,655       1,174  
FirstEnergy Corp.
     17,890       894  
FPL Group, Inc.
     18,180       937  
Great Plains Energy, Inc.
     9,670       184  
Hawaiian Electric Industries, Inc.
     8,770       190  
IDACORP, Inc.
     4,240       123  
Integrys Energy Group, Inc.
     4,935       206  
MDU Resources Group, Inc.
     8,680       173  
Mirant Corp. *
     6,345       109  
National Fuel Gas Co.
     3,845       115  
New Jersey Resources Corp.
     3,380       136  
Nicor, Inc.
     4,340       148  
NiSource, Inc.
     33,735       327  
Northeast Utilities
     13,215       315  
NRG Energy, Inc. *
     8,860       207  
NSTAR
     7,880       267  
NV Energy, Inc.
     13,500       145  
OGE Energy Corp.
     7,165       177  
ONEOK, Inc.
     6,510       190  
Pepco Holdings, Inc.
     20,465       364  
PG&E Corp.
     27,115       1,049  
Piedmont Natural Gas Co., Inc.
     5,550       144  
Pinnacle West Capital Corp.
     9,985       334  
PNM Resources, Inc.
     12,545       126  
Portland General Electric Co.
     5,045       98  
PPL Corp.
     14,155       434  
Progress Energy, Inc.
     23,965       928  
Public Service Enterprise Group, Inc.
     22,380       707  
Puget Energy, Inc.
     9,100       268  
Questar Corp.
     3,650       124  
Reliant Energy, Inc. *
     18,240       93  
SCANA Corp.
     8,685       298  
Sempra Energy
     13,315       584  
Southern Co.
     49,775       1,665  
Southwest Gas Corp.
     2,425       62  
TECO Energy, Inc.
     19,025       229  
The AES Corp. *
     43,240       342  
UGI Corp.
     8,020       203  
Unisource Energy Corp.
     3,500       99  
Vectren Corp.
     7,165       185  
Westar Energy, Inc.
     7,370       148  
WGL Holdings, Inc.
     4,245       136  
Wisconsin Energy Corp.
     6,020       268  
Xcel Energy, Inc.
     41,130       759  
 
                
 
             25,701  
 
                
Total Common Stock
(Cost $580,514)		             330,950  
 
                
 
                
Foreign Common Stock 0.1% of net assets
                
 
                
Bermuda 0.0%
                
Capital Goods 0.0%
                
Foster Wheeler Ltd. *
     1,470       29  
Insurance 0.0%
                
Platinum Underwriters Holdings, Ltd.
     2,100       59  
 
                
 
             88  
 
                
Israel 0.0%
                
Software & Services 0.0%
                
Check Point Software Technologies Ltd. *
     4,855       110  
 
                
United Kingdom 0.1%
                
Insurance 0.1%
                
Willis Group Holdings Ltd.
     6,045       150  
 
                
Total Foreign Common Stock
(Cost $472)		             348  
 
                
                 
    Face/Maturity        
Issuer   Amount     Value  
Rate, Maturity Date   ($ x 1,000)     ($ x 1,000)  
Short-Term Investments 0.7% of net assets
                
 
                
U.S. Treasury Obligations 0.7%
                
U.S. Treasury Bill
                
(0.03)%, 03/26/09 (a)
     547       547  
(0.02)%, 03/26/09 (a)
     1,650       1,650  
 
              
Total Short-Term Investments
(Cost $2,197)		             2,197  
 
              
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $595,789 and the unrealized appreciation and depreciation were $1,231 and ($263,525), respectively, with a net depreciation of ($262,294).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
 
(b)   Issuer is affiliated with the fund’s adviser.

10

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
In addition to the above, the fund held the following at 01/31/09. All numbers are x1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses $
Futures Contract
                        
 
S & P 500 Index, e-mini, Long, expires 03/20/09
     140       5,758       (116 )

11

 

Schwab Fundamental US Large Company Index Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 331,298  
Level 2 - Other Significant Observable Inputs
     2,197  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 333,495  
 
      
 
*   Other financial instruments include future contracts of ($116).
REG46846JAN09

12

 

Schwab Capital Trust
Schwab Health Care Fund™
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  95.3 %  
Common Stock
     551,869       488,148  
  1.6 %  
Foreign Common Stock
     8,210       7,959  
  2.8 %  
Short-Term Investments
     14,296       14,296  
  99.7 %  
Total Investments
     574,375       510,403  
  0.3 %  
Other Assets and Liabilities, Net
             1,681  
  100.0 %  
Total Net Assets
             512,084  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 95.3% of net assets
                
 
                
Health Care Equipment & Services 32.3%
                
Aetna, Inc.
     230,600       7,149  
Alliance Imaging, Inc. *
     75,000       665  
American Medical Systems Holdings, Inc. *
     35,000       375  
AmerisourceBergen Corp.
     150,000       5,448  
Baxter International, Inc.
     450,000       26,392  
Becton, Dickinson & Co.
     150,000       10,900  
Boston Scientific Corp. *
     800,000       7,096  
C.R. Bard, Inc.
     65,000       5,562  
Centene Corp. *
     75,000       1,330  
Cerner Corp. *
     50,000       1,686  
CIGNA Corp.
     400,000       6,944  
Cochlear Ltd.
     3,000       111  
CONMED Corp. *
     75,000       1,174  
DaVita, Inc. *
     125,000       5,875  
Edwards Lifesciences Corp. *
     25,000       1,437  
Emergency Medical Services Corp., Class A *
     10,000       335  
Express Scripts, Inc. *
     300,000       16,128  
Fresenius Medical Care AG & Co. KGaA
     6,400       286  
Gen-Probe, Inc. *
     75,000       3,376  
Hanger Orthopedic Group, Inc. *
     25,000       341  
Hill-Rom Holdings, Inc.
     50,000       704  
Hlth Corp. *
     100,000       1,138  
Humana, Inc. *
     174,300       6,611  
ICU Medical, Inc. *
     30,000       915  
Invacare Corp.
     175,000       3,336  
inVentiv Health, Inc. *
     15,000       143  
Kindred Healthcare, Inc. *
     75,000       1,018  
LifePoint Hospitals, Inc. *
     50,000       1,127  
Magellan Health Services, Inc. *
     80,000       2,898  
McKesson Corp.
     50,000       2,210  
Medco Health Solutions, Inc. *
     100,000       4,493  
Medtronic, Inc.
     200,000       6,698  
Merit Medical Systems, Inc. *
     75,000       1,154  
Omnicare, Inc.
     240,000       6,710  
Omnicell, Inc. *
     15,000       117  
Owens & Minor, Inc.
     62,500       2,486  
PharMerica Corp. *
     15,000       247  
Quest Diagnostics, Inc.
     175,000       8,636  
ResMed, Inc. *
     75,000       2,993  
STERIS Corp.
     50,000       1,330  
Synovis Life Technologies, Inc. *
     40,000       652  
Synthes, Inc.
     6,600       795  
Teleflex, Inc.
     35,000       1,861  
Thoratec Corp. *
     25,000       724  
UnitedHealth Group, Inc.
     135,000       3,825  
 
                
 
             165,431  
 
Pharmaceuticals, Biotechnology & Life Sciences 62.2%
                
Abbott Laboratories
     400,000       22,176  
Accelrys, Inc. *
     30,000       113  
Adolor Corp. *
     135,000       270  
Albany Molecular Research, Inc. *
     25,000       214  
Alkermes, Inc. *
     100,000       1,147  
Amgen, Inc. *
     450,000       24,682  
AstraZeneca plc
     71,100       2,740  
Bio-Rad Laboratories, Inc., Class A *
     10,000       635  
Biogen Idec, Inc. *
     250,000       12,162  
Bristol-Myers Squibb Co.
     550,000       11,776  
Celgene Corp. *
     200,000       10,590  
Cephalon, Inc. *
     150,000       11,577  
CSL Ltd.
     31,700       748  
CV Therapeutics, Inc. *
     100,000       1,565  
Eli Lilly & Co.
     330,000       12,151  
Endo Pharmaceuticals Holdings, Inc. *
     175,000       3,932  
Enzon Pharmaceuticals, Inc. *
     25,000       163  
Forest Laboratories, Inc. *
     423,900       10,614  
Genentech, Inc. *
     125,000       10,155  
Genzyme Corp. *
     175,000       12,061  
GlaxoSmithKline plc
     127,000       2,240  
Johnson & Johnson
     550,000       31,729  
King Pharmaceuticals, Inc. *
     1,400,000       12,236  
Life Technologies Corp. *
     210,000       5,347  
Martek Biosciences Corp. *
     87,500       2,314  
Matrixx Initiatives, Inc. *
     10,000       173  
Medicis Pharmaceutical Corp., Class A
     300,000       4,179  
Merck & Co., Inc.
     650,000       18,557  
Merck KGaA
     14,500       1,228  
Nabi Biopharmaceuticals *
     100,000       413  
Novartis AG - Reg’d
     70,900       2,913  
Noven Pharmaceuticals, Inc. *
     20,000       199  
Novo Nordisk A/S, Class B
     15,300       815  
NPS Pharmacuticals, Inc. *
     25,000       156  

1

 

Schwab Health Care Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Par Pharmaceutical Cos., Inc. *
     75,000       923  
Pfizer, Inc.
     1,500,000       21,870  
Pharmaceutical Product Development, Inc.
     50,000       1,195  
Sanofi-Aventis
     50,700       2,852  
Schering-Plough Corp.
     525,000       9,219  
Shionogi & Co., Ltd.
     6,000       129  
Techne Corp.
     25,000       1,499  
Teva Pharmaceutical Industries Ltd.
     29,900       1,236  
The Medicines Co. *
     250,000       3,200  
Thermo Fisher Scientific, Inc. *
     350,000       12,575  
Valeant Pharmaceuticals International *
     100,000       2,170  
ViroPharma, Inc. *
     200,000       2,400  
Warner Chilcott Ltd., Class A *
     200,000       2,750  
Watson Pharmaceuticals, Inc. *
     475,000       12,958  
Wyeth
     275,000       11,817  
 
                
 
             318,763  
 
                
Real Estate 0.8%
                
Health Care REIT, Inc.
     50,000       1,890  
Healthcare Realty Trust, Inc.
     125,000       2,064  
 
                
 
             3,954  
 
                
Total Common Stock
(Cost $551,869)
             488,148  
 
                
 
                
Foreign Common Stock 1.6% of net assets
                
Belgium 0.0%
                
UCB S.A.
     1,200       37  
 
Canada 0.0%
                
Biovail Corp.
     8,600       94  
 
France 0.1%
                
Essilor International S.A.
     15,600       594  
 
Japan 0.9%
                
Astellas Pharma, Inc.
     56,000       2,120  
Chugai Pharmaceutical Co., Ltd.
     24,000       463  
Santen Pharmaceutical Co., Ltd.
     6,000       193  
Takeda Pharmaceutical Co., Ltd.
     37,000       1,734  
 
                
 
             4,510  
 
                
Switzerland 0.6%
                
Roche Holding AG
     19,400       2,724  
 
                
Total Foreign Common Stock
(Cost $8,210)
             7,959  
 
                
                 
Security   Face Amount   Value
Rate, Maturity Date
   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 2.8% of net assets
                
 
                
Commercial Paper & Other Obligations 2.6%
                
Citibank, London Time Deposit
               
0.07%, 02/02/09
     13,396       13,396  
 
                
U.S. Treasury Obligation 0.2%
                
U.S. Treasury Bill
               
0.03%, 03/26/09 (a)
     900       900  
 
                
Total Short-Term Investments
(Cost $14,296)
             14,296  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $574,480 and the unrealized appreciation and depreciation were $30,195 and ($94,272), respectively, with a net unrealized depreciation of ($64,077).
At 01/31/09, the prices of certain foreign securities held by the fund aggregating $23,956, were adjusted from their closing market prices following the guidelines by the fund’s Board of Trustees.
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
Reg’d – Registered
REIT – Real Estate Investment Trust
In addition to the above, the fund held the following at 01/31/09. All numbers are x1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
                        
S & P 500 Index, e-mini, Long, expires 03/20/09
     100       4,113       (69 )

2

 

Schwab Health Care Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 472,151  
Level 2 - Other Significant Observable Inputs
     38,252  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 510,403  
 
      
 
*   Other financial instruments include future contracts of ($69).
REG46837JAN09

3

 

Schwab Capital Trust
Schwab Total Stock Market Index Fund®
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category       ($ x 1,000)   ($ x 1,000)
 
  97.6 %  
Common Stock
     1,088,358       875,969  
  0.2 %  
Foreign Common Stock
     2,783       1,494  
  0.1 %  
Preferred Stock
     785       890  
  — %  
Rights
     13       6  
  2.0 %  
Short-Term Investments
     18,263       18,263  
  99.9 %  
Total Investments
     1,110,202       896,622  
  0.1 %  
Other Assets and Liabilities, Net
             510  
  100.0 %  
Net Assets
             897,132  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 97.6% of net assets
                
 
                
Automobiles & Components 0.2%
                
American Axle & Manufacturing Holdings, Inc.
     5,300       6  
ArvinMeritor, Inc.
     9,900       17  
BorgWarner, Inc.
     10,800       182  
Cooper Tire & Rubber Co.
     8,900       42  
Drew Industries, Inc. *
     2,400       21  
Ford Motor Co. *
     148,736       278  
General Motors Corp.
     45,386       137  
Gentex Corp.
     11,500       96  
Harley-Davidson, Inc.
     25,500       311  
Hawk Corp., Class A *
     1,800       30  
Johnson Controls, Inc.
     45,000       563  
Modine Manufacturing Co.
     3,700       10  
Standard Motor Products, Inc.
     7,500       18  
Stoneridge, Inc. *
     8,200       16  
Strattec Security Corp.
     1,500       15  
Superior Industries International, Inc.
     800       8  
Tenneco, Inc. *
     4,480       8  
The Goodyear Tire & Rubber Co. *
     20,500       126  
Thor Industries, Inc.
     4,500       48  
TRW Automotive Holdings Corp. *
     7,800       24  
WABCO Holdings, Inc.
     5,133       77  
Winnebago Industries, Inc.
     5,100       28  
 
                
 
             2,061  
 
                
Banks 2.8%
                
1st Source Corp.
     3,728       66  
Abigail Adams National Bancorp, Inc.
     550       1  
AMCORE Financial, Inc.
     3,811       5  
Ameris Bancorp
     1,800       14  
Anchor BanCorp Wisconsin, Inc.
     3,100       6  
Arrow Financial Corp.
     1,081       25  
Associated Banc-Corp
     15,500       243  
Astoria Financial Corp.
     8,300       75  
BancFirst Corp.
     2,000       71  
BancorpSouth, Inc.
     7,612       144  
BancTrust Financial Group, Inc.
     1,100       10  
Bank Mutual Corp.
     6,168       54  
Bank of Hawaii Corp.
     3,500       126  
Bank of the Ozarks, Inc.
     2,800       64  
Banner Corp.
     1,200       4  
BB&T Corp.
     49,458       979  
Berkshire Bancorp, Inc.
     3,600       17  
Berkshire Hills Bancorp, Inc.
     1,400       33  
BOK Financial Corp.
     7,540       281  
Boston Private Financial Holdings, Inc.
     2,129       10  
Brookline Bancorp, Inc.
     2,405       23  
Bryn Mawr Bank Corp.
     1,400       26  
Camco Financial Corp.
     700       1  
Camden National Corp.
     700       16  
Capital City Bank Group, Inc.
     1,875       30  
CapitalSource, Inc.
     6,900       25  
Capitol Bancorp Ltd.
     1,500       9  
Capitol Federal Financial
     6,920       286  
Cascade Bancorp
     3,318       8  
Cathay General Bancorp
     6,200       79  
Central Pacific Financial Corp.
     3,400       23  
Century Bancorp Inc., Class A
     800       13  
Charter Financial Corp.
     900       7  
Chemical Financial Corp.
     5,383       123  
Citizens First Bancorp, Inc.
     700       1  
Citizens Republic Bancorp, Inc.
     5,650       6  
Citizens South Banking Corp.
     1,000       4  
City Holding Co.
     1,800       46  
City National Corp.
     3,100       107  
Columbia Banking System, Inc.
     1,951       17  
Comerica, Inc.
     13,496       225  
Commerce Bancshares, Inc.
     15,430       539  
Community Bank System, Inc.
     4,400       79  
Community Trust Bancorp, Inc.
     2,487       70  
Corus Bankshares, Inc.
     4,000       4  
Cullen/Frost Bankers, Inc.
     6,300       276  
CVB Financial Corp.
     5,811       52  
Dime Community Bancshares
     3,375       34  
Downey Financial Corp.
     2,000       —  
East West Bancorp, Inc.
     2,600       25  
F.N.B. Corp.
     7,661       61  
Fifth Third Bancorp
     51,714       124  
First BanCorp Puerto Rico
     7,200       51  
First Busey Corp.
     1,500       13  
First Citizens BancShares, Inc., Class A
     300       42  
First Commonwealth Financial Corp.
     10,504       101  

1

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
First Financial Bancorp
     1,839       15  
First Financial Bankshares, Inc.
     4,000       178  
First Financial Corp.
     600       20  
First Financial Holdings, Inc.
     3,900       59  
First Horizon National Corp.
     16,371       156  
First M&F Corp.
     2,000       12  
First Merchants Corp.
     1,041       16  
First Midwest Bancorp, Inc.
     3,125       31  
First Niagara Financial Group, Inc.
     8,172       107  
First Place Financial Corp.
     2,900       8  
First United Corp.
     2,200       27  
FirstFed Financial Corp. *
     400       —  
FirstMerit Corp.
     7,300       118  
Flushing Financial Corp.
     3,300       26  
Fremont General Corp. *
     6,200       —  
Frontier Financial Corp.
     1,575       3  
Fulton Financial Corp.
     14,762       104  
Glacier Bancorp, Inc.
     7,697       118  
Great Southern Bancorp, Inc.
     1,400       15  
Guaranty Financial Group, Inc. *
     2,933       5  
Hancock Holding Co.
     5,100       140  
Harleysville National Corp.
     2,496       23  
Hawthorn Bancshares, Inc.
     750       11  
Heritage Financial Corp.
     735       9  
Horizon Financial Corp.
     2,695       7  
Hudson City Bancorp, Inc.
     55,731       646  
Huntington Bancshares, Inc.
     34,199       98  
IBERIABANK Corp.
     3,875       164  
Imperial Capital Bancorp, Inc.
     700       1  
Independent Bank Corp.
     1,000       19  
Independent Bank Corp., Michigan
     4,302       7  
Indiana Community Bancorp
     800       10  
IndyMac Bancorp, Inc. *
     5,900       1  
Integra Bank Corp.
     1,225       2  
International Bancshares Corp.
     7,784       142  
Investors Bancorp, Inc. *
     9,600       103  
Irwin Financial Corp. *
     3,700       9  
Kearny Financial Corp.
     4,500       49  
KeyCorp
     46,290       337  
Lakeland Financial Corp.
     2,200       45  
M&T Bank Corp.
     9,962       388  
MainSource Financial Group, Inc.
     1,735       17  
Marshall & Ilsley Corp.
     24,650       141  
MB Financial, Inc.
     2,133       35  
Merchants Bancshares, Inc.
     750       15  
MGIC Investment Corp.
     9,300       26  
Midwest Banc Holdings, Inc.
     1,300       2  
MutualFirst Financial, Inc.
     2,000       14  
Nara Bancorp, Inc.
     4,000       24  
National Penn Bancshares, Inc.
     6,675       65  
NBT Bancorp, Inc.
     4,400       100  
New York Community Bancorp, Inc.
     27,585       365  
NewAlliance Bancshares, Inc.
     9,100       100  
North Valley Bancorp
     1,500       6  
Northrim BanCorp, Inc.
     3,281       33  
Northwest Bancorp, Inc.
     5,000       93  
OceanFirst Financial Corp.
     1,050       13  
Ocwen Financial Corp. *
     8,420       75  
Old National Bancorp
     6,244       79  
Oriental Financial Group, Inc.
     1,663       8  
PAB Bankshares, Inc.
     714       3  
Pacific Capital Bancorp
     6,844       73  
Park National Corp.
     845       46  
People’s United Financial, Inc.
     31,987       523  
Peoples Financial Corp.
     3,000       57  
Pinnacle Financial Partners, Inc. *
     475       11  
PNC Financial Services Group, Inc.
     35,032       1,139  
Popular, Inc.
     21,700       59  
PrivateBancorp, Inc.
     5,000       73  
Prosperity Bancshares, Inc.
     6,400       173  
Provident Bankshares Corp.
     1,657       11  
Provident Financial Holdings, Inc.
     750       3  
Provident Financial Services, Inc.
     5,217       57  
Regions Financial Corp.
     61,962       214  
Renasant Corp.
     1,125       14  
Republic Bancorp, Inc., Class A
     1,821       33  
Roma Financial Corp.
     2,500       28  
Royal Bank of Canada
     416       10  
S&T Bancorp, Inc.
     4,400       112  
S.Y. Bancorp, Inc.
     1,470       33  
Sandy Spring Bancorp, Inc.
     2,900       41  
Santander BanCorp
     4,686       39  
Seacoast Banking Corp. of Florida
     1,980       9  
Shore Bancshares, Inc.
     750       13  
Simmons First National Corp., Class A
     1,000       25  
Southwest Bancorp, Inc.
     3,300       35  
State Bancorp, Inc.
     1,058       6  
Sterling Bancorp
     1,918       21  
Sterling Bancshares, Inc.
     6,150       34  
Sterling Financial Corp., Washington
     1,827       3  
Suffolk Bancorp
     2,400       73  
Sun Bancorp, Inc. *
     4,018       23  
SunTrust Banks, Inc.
     33,342       409  
Susquehanna Bancshares, Inc.
     7,468       82  
SVB Financial Group *
     2,200       46  
Synovus Financial Corp.
     27,700       110  
TCF Financial Corp.
     13,600       169  
TF Financial Corp.
     700       13  
TFS Financial Corp.
     28,000       360  
The First of Long Island Corp.
     4,000       86  
The PMI Group, Inc.
     8,100       11  
The South Financial Group, Inc.
     4,500       8  
The Toronto-Dominion Bank
     4,688       151  
Timberland Bancorp, Inc.
     2,000       12  
Tompkins Financial Corp.
     931       47  
Tree.com, Inc. *
     1,044       4  
TriCo Bancshares
     400       8  
TrustCo Bank Corp. NY
     6,857       46  
Trustmark Corp.
     8,300       168  
U.S. Bancorp
     158,531       2,353  
UCBH Holdings, Inc.
     9,400       22  
UMB Financial Corp.
     3,574       138  
Umpqua Holdings Corp.
     343       3  

2

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Union Bankshares Corp.
     1,050       16  
United Bankshares, Inc.
     7,400       155  
United Community Banks, Inc.
     3,807       20  
Valley National Bancorp
     9,425       123  
Washington Federal, Inc.
     7,942       98  
Washington Trust Bancorp, Inc.
     1,000       16  
Webster Financial Corp.
     8,663       36  
Wells Fargo & Co.
     374,406       7,076  
WesBanco, Inc.
     4,456       92  
West Coast Bancorp
     1,200       4  
Westamerica Bancorp
     5,200       222  
Whitney Holding Corp.
     6,675       87  
Wilmington Trust Corp.
     5,700       78  
Wintrust Financial Corp.
     5,800       78  
WSFS Financial Corp.
     1,000       26  
Zions Bancorp
     13,725       205  
 
                
 
             24,786  
 
                
Capital Goods 7.5%
                
3D Systems Corp. *
     1,400       8  
3M Co.
     65,000       3,496  
A.O. Smith Corp.
     1,300       36  
AAON, Inc.
     6,113       111  
AAR CORP. *
     5,000       91  
Aceto Corp.
     5,000       45  
Actuant Corp., Class A
     5,680       94  
Acuity Brands, Inc.
     5,200       140  
Aecom Technology Corp. *
     8,000       202  
Aerosonic Corp. *
     300       —  
AGCO Corp. *
     6,762       144  
Alamo Group, Inc.
     500       6  
Albany International Corp., Class A
     3,918       39  
Alliant Techsystems, Inc. *
     2,437       197  
American Science & Engineering, Inc.
     500       39  
American Superconductor Corp. *
     700       11  
American Woodmark Corp.
     4,000       60  
Ameron International Corp.
     900       45  
AMETEK, Inc.
     9,300       297  
Ampco-Pittsburgh Corp.
     2,800       52  
Apogee Enterprises, Inc.
     1,200       12  
Applied Industrial Technologies, Inc.
     6,525       103  
Applied Signal Technology, Inc.
     2,500       44  
Armstrong World Industries, Inc.
     3,500       58  
Astronics Corp. *
     1,250       9  
Astronics Corp., Class B *
     312       3  
Badger Meter, Inc.
     4,000       94  
Baldor Electric Co.
     3,800       53  
Barnes Group, Inc.
     3,600       41  
BE Aerospace, Inc. *
     6,200       60  
Belden, Inc.
     4,400       57  
Blount International, Inc. *
     1,200       10  
Brady Corp., Class A
     6,400       134  
Breeze-Eastern Corp. *
     500       4  
Briggs & Stratton Corp.
     3,500       52  
C&D Technologies, Inc. *
     4,500       13  
Carlisle Cos., Inc.
     3,200       60  
Cascade Corp.
     4,400       101  
Caterpillar, Inc.
     53,800       1,660  
Ceradyne, Inc. *
     2,500       57  
Chase Corp.
     200       2  
CIRCOR International, Inc.
     3,750       83  
CLARCOR, Inc.
     3,400       103  
Columbus McKinnon Corp. *
     2,400       31  
Cooper Industries Ltd., Class A
     27,400       737  
Crane Co.
     5,000       87  
Cummins, Inc.
     15,600       374  
Curtiss-Wright Corp.
     3,600       116  
Danaher Corp.
     29,000       1,622  
Deere & Co.
     38,000       1,320  
Donaldson Co., Inc.
     6,500       202  
Dover Corp.
     16,700       472  
Ducommun, Inc.
     3,200       61  
Dycom Industries, Inc. *
     3,300       22  
DynCorp International, Inc., Class A *
     4,500       68  
Eaton Corp.
     16,600       731  
EMCOR Group, Inc. *
     7,800       161  
Emerson Electric Co.
     70,000       2,289  
Energy Conversion Devices, Inc. *
     600       15  
ESCO Technologies, Inc. *
     2,800       99  
Esterline Technologies Corp. *
     2,400       87  
Evergreen Solar, Inc. *
     1,000       2  
Fastenal Co.
     13,200       451  
Federal Signal Corp.
     5,300       36  
First Solar, Inc. *
     7,000       1,000  
Flow International Corp. *
     900       1  
Flowserve Corp.
     3,900       208  
Fluor Corp.
     16,200       630  
Franklin Electric Co., Inc.
     1,300       34  
FreightCar America, Inc.
     2,500       48  
FuelCell Energy, Inc. *
     1,200       5  
Furmanite Corp. *
     1,400       5  
Gardner Denver, Inc. *
     3,400       74  
GATX Corp.
     4,000       96  
GenCorp, Inc. *
     2,500       7  
General Cable Corp. *
     4,700       77  
General Dynamics Corp.
     36,400       2,065  
General Electric Co.
     899,266       10,908  
Gibraltar Industries, Inc.
     2,500       26  
Goodrich Corp.
     8,404       325  
Graco, Inc.
     7,012       149  
GrafTech International Ltd. *
     8,600       69  
Granite Construction, Inc.
     4,850       171  
Hardinge, Inc.
     1,800       8  
Harsco Corp.
     6,200       147  
HEICO Corp., Class A
     2,286       66  
Herley Industries, Inc. *
     4,000       45  
Hexcel Corp. *
     2,000       17  
Honeywell International, Inc.
     71,062       2,332  
Hubbell, Inc., Class B
     3,800       118  
Icahn Enterprises L.P.
     5,150       176  
IDEX Corp.
     7,225       163  
II-VI, Inc. *
     3,800       72  
Illinois Tool Works, Inc.
     51,700       1,689  

3

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Ingersoll-Rand Co., Ltd., Class A
     30,942       502  
Insituform Technologies, Inc., Class A *
     1,300       24  
Integrated Electrical Services, Inc. *
     5,105       42  
ITT Corp.
     17,400       788  
Jacobs Engineering Group, Inc. *
     10,600       410  
John Bean Technologies Corp.
     1,983       19  
Joy Global, Inc.
     19,350       403  
Kadant, Inc. *
     1       —  
Kaydon Corp.
     3,300       90  
KBR, Inc.
     13,500       191  
Kennametal, Inc.
     8,000       128  
Kratos Defense & Security Solutions, Inc. *
     1,800       2  
L-3 Communications Holdings, Inc.
     15,100       1,193  
Ladish Co., Inc. *
     1,300       15  
Lawson Products, Inc.
     2,000       38  
Lennox International, Inc.
     4,771       134  
Lincoln Electric Holdings, Inc.
     3,900       161  
Lockheed Martin Corp.
     37,052       3,040  
Lydall, Inc. *
     2,500       9  
Magnetek, Inc. *
     1,500       3  
Masco Corp.
     35,800       280  
MasTec, Inc. *
     5,350       57  
McDermott International, Inc. *
     25,000       259  
Michael Baker Corp. *
     3,000       105  
Moog, Inc., Class A *
     2,787       83  
MSC Industrial Direct Co., Inc., Class A
     4,300       147  
Mueller Industries, Inc.
     4,200       85  
Mueller Water Products, Inc., Class A
     3,139       21  
NACCO Industries, Inc., Class A
     1,300       42  
NCI Building Systems, Inc. *
     2,900       34  
NN, Inc.
     1,800       3  
Nordson Corp.
     4,000       121  
Northrop Grumman Corp.
     30,032       1,445  
Omega Flex, Inc.
     700       11  
Orbital Sciences Corp. *
     4,600       77  
Oshkosh Corp.
     9,000       65  
Otter Tail Corp.
     1,100       22  
Owens Corning, Inc. *
     11,000       147  
PACCAR, Inc.
     31,725       837  
Pall Corp.
     10,900       284  
Parker Hannifin Corp.
     16,500       630  
Pentair, Inc.
     9,500       217  
Perini Corp. *
     5,000       104  
Powell Industries, Inc. *
     1,000       24  
Power-One, Inc. *
     6,000       6  
Precision Castparts Corp.
     16,302       1,059  
Quanex Building Products Corp.
     5,625       48  
Quanta Services, Inc. *
     18,371       393  
Raven Industries, Inc.
     2,800       61  
Raytheon Co.
     44,900       2,273  
Regal-Beloit Corp.
     2,500       85  
Rockwell Automation, Inc.
     15,700       409  
Rockwell Collins, Inc.
     13,100       494  
Roper Industries, Inc.
     6,500       267  
Rush Enterprises, Inc., Class B *
     750       7  
Sauer-Danfoss, Inc.
     3,800       29  
Seaboard Corp.
     200       201  
Simpson Manufacturing Co., Inc.
     3,200       64  
Spirit AeroSystems Holdings, Inc., Class A *
     11,000       150  
SPX Corp.
     8,610       363  
Standex International Corp.
     3,000       46  
SunPower Corp., Class A *
     1,300       44  
SunPower Corp., Class B *
     2,331       62  
Taser International, Inc. *
     1,700       9  
Tecumseh Products Co., Class A *
     3,200       26  
Teledyne Technologies, Inc. *
     12,157       339  
Tennant Co.
     4,200       57  
Terex Corp. *
     7,400       88  
Textron, Inc.
     23,600       213  
The Allied Defense Group, Inc. *
     500       3  
The Boeing Co.
     68,800       2,911  
The Gorman-Rupp Co.
     4,491       115  
The Greenbrier Cos., Inc.
     4,100       23  
The Manitowoc Co., Inc.
     11,600       64  
The Middleby Corp. *
     7,000       162  
The Shaw Group, Inc. *
     8,500       236  
The Timken Co.
     6,600       98  
The Toro Co.
     4,100       121  
Thomas & Betts Corp. *
     7,300       156  
Titan International, Inc.
     4,125       32  
TransDigm Group, Inc. *
     3,600       123  
Tredegar Corp.
     5,100       84  
Trinity Industries, Inc.
     1,650       19  
Triumph Group, Inc.
     1,200       54  
Tyco International Ltd.
     43,525       915  
United Rentals, Inc. *
     5,900       33  
United Technologies Corp.
     88,068       4,226  
Universal Forest Products, Inc.
     2,500       53  
URS Corp. *
     7,700       262  
USG Corp. *
     3,900       25  
Valmont Industries, Inc.
     1,900       77  
Vicor Corp.
     4,200       20  
W.W. Grainger, Inc.
     7,300       533  
Wabash National Corp.
     2,500       7  
Wabtec Corp.
     5,828       174  
Watsco, Inc.
     3,400       112  
Watts Water Technologies, Inc., Class A
     1,000       22  
WESCO International, Inc. *
     4,800       88  
Woodward Governor Co.
     8,000       165  
 
                
 
             67,638  
 
                
Commercial & Professional Supplies 1.2%
                
A.T. Cross Co., Class A *
     2,400       6  
ABM Industries, Inc.
     4,900       73  
Administaff, Inc.
     2,800       59  
American Locker Group, Inc. *
     500       —  
American Reprographics Co. *
     4,000       24  
AMREP Corp. *
     2,500       69  
ATC Technology Corp. *
     5,011       65  

4

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Avery Dennison Corp.
     9,700       235  
Bowne & Co., Inc.
     4,250       12  
Casella Waste Systems, Inc., Class A *
     2,500       7  
CDI Corp.
     3,700       40  
Cenveo, Inc. *
     4,300       17  
Cintas
     15,350       349  
Clean Harbors, Inc. *
     2,500       134  
CompX International, Inc.
     1,300       7  
Consolidated Graphics, Inc. *
     3,900       63  
Copart, Inc. *
     6,550       158  
Cornell Cos., Inc. *
     4,600       70  
Corrections Corp. of America *
     11,484       158  
CoStar Group, Inc. *
     800       24  
Covanta Holding Corp. *
     11,700       202  
CRA International, Inc. *
     2,500       52  
Deluxe Corp.
     3,800       44  
Diamond Management & Technology Consultants, Inc.
     1,000       3  
EnergySolutions, Inc.
     7,000       31  
Ennis, Inc.
     4,500       50  
Equifax, Inc.
     13,095       324  
Exponent, Inc. *
     6,000       147  
FTI Consulting, Inc. *
     2,700       111  
G & K Services, Inc., Class A
     4,100       76  
GP Strategies Corp. *
     1,500       6  
Healthcare Services Group, Inc.
     8,437       129  
Heidrick & Struggles International, Inc.
     3,100       47  
Herman Miller, Inc.
     5,700       63  
HNI Corp.
     4,000       53  
Hudson Highland Group, Inc. *
     3,220       8  
ICT Group, Inc. *
     3,000       12  
Interface, Inc., Class A
     5,800       24  
Iron Mountain, Inc. *
     14,680       300  
Kelly Services, Inc., Class A
     5,700       52  
Kforce, Inc. *
     2,905       18  
Kimball International, Inc., Class B
     6,100       42  
Knoll, Inc.
     4,000       27  
Korn/Ferry International *
     3,600       34  
M&F Worldwide Corp. *
     1,200       13  
Manpower, Inc.
     6,991       199  
McGrath Rentcorp
     1,600       34  
Mine Safety Appliances Co.
     2,700       53  
Mobile Mini, Inc. *
     1,200       15  
Monster Worldwide, Inc. *
     9,800       90  
MPS Group, Inc. *
     11,400       69  
Multi-Color Corp.
     2,625       29  
Navigant Consulting, Inc. *
     5,000       72  
On Assignment, Inc. *
     4,700       22  
Pitney Bowes, Inc.
     20,000       445  
R.R. Donnelley & Sons Co.
     17,000       166  
Republic Services, Inc.
     39,645       1,025  
Resources Connection, Inc. *
     3,700       53  
Robert Half International, Inc.
     14,000       237  
Rollins, Inc.
     10,012       156  
School Specialty, Inc. *
     1,600       26  
Spherion Corp. *
     6,830       10  
Stantec, Inc. *
     1,690       37  
Steelcase, Inc., Class A
     11,500       50  
Stericycle, Inc. *
     6,400       313  
Superior Uniform Group, Inc.
     1,600       13  
Tetra Tech, Inc. *
     12,031       279  
The Advisory Board Co. *
     1,000       17  
The Brink’s Co.
     5,600       148  
The Corporate Executive Board Co.
     2,700       55  
The Dun & Bradstreet Corp.
     12,140       923  
The Geo Group, Inc. *
     11,400       169  
The Standard Register Co.
     4,100       30  
TRC Cos., Inc. *
     1,350       4  
TrueBlue, Inc. *
     6,000       51  
United Stationers, Inc. *
     2,900       81  
Viad Corp.
     3,625       81  
Virco Mfg. Corp.
     1,170       2  
Volt Information Sciences, Inc. *
     3,150       17  
Waste Connections, Inc. *
     5,475       159  
Waste Management, Inc.
     48,100       1,500  
Watson Wyatt Worldwide, Inc., Class A
     4,600       214  
 
                
 
             10,282  
 
                
Consumer Durables & Apparel 1.1%
                
American Greetings Corp., Class A
     8,500       37  
Blyth, Inc.
     4,800       16  
Brookfield Homes Corp.
     3,074       8  
Brunswick Corp.
     7,400       20  
Callaway Golf Co.
     5,600       43  
Carter’s, Inc. *
     5,000       85  
Cavco Industries, Inc. *
     410       10  
Centex Corp.
     10,700       91  
Coach, Inc. *
     32,008       467  
Columbia Sportswear Co.
     4,350       125  
Craftmade International, Inc.
     2,800       6  
CSS Industries, Inc.
     3,400       52  
D.R. Horton, Inc.
     24,604       147  
Deckers Outdoor Corp. *
     2,500       131  
DGSE Cos., Inc. *
     700       1  
Eastman Kodak Co.
     22,700       103  
Ethan Allen Interiors, Inc.
     4,200       48  
Flexsteel Industries, Inc.
     600       5  
Foamex International, Inc. *
     2,278       —  
Fortune Brands, Inc.
     11,500       368  
Fossil, Inc. *
     5,462       63  
Furniture Brands International, Inc.
     4,700       10  
Garmin Ltd.
     16,000       280  
Hampshire Group Ltd. *
     2,000       7  
Hanesbrands, Inc. *
     11,047       99  
Harman International Industries, Inc.
     6,800       109  
Hasbro, Inc.
     14,500       350  
Helen of Troy Ltd. *
     5,000       52  
Hovnanian Enterprises, Inc., Class A *
     3,700       6  
Jarden Corp. *
     7,059       74  

5

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Jones Apparel Group, Inc.
     12,156       42  
K-Swiss, Inc., Class A
     2,400       26  
KB HOME
     7,800       83  
Kenneth Cole Productions, Inc., Class A
     3,100       20  
Leggett & Platt, Inc.
     16,200       202  
Lennar Corp., Class A
     12,190       94  
Liz Claiborne, Inc.
     8,600       19  
M.D.C. Holdings, Inc.
     4,403       135  
M/I Homes, Inc.
     1,800       16  
Maidenform Brands, Inc. *
     5,000       45  
Marine Products Corp.
     405       1  
Mattel, Inc.
     34,300       487  
Meritage Homes Corp. *
     1,000       11  
Mohawk Industries, Inc. *
     4,819       155  
Movado Group, Inc.
     3,300       25  
Nautilus, Inc. *
     4,125       6  
Newell Rubbermaid, Inc.
     23,900       193  
NIKE, Inc., Class B
     41,400       1,873  
NVR, Inc. *
     500       213  
Oxford Industries, Inc.
     2,500       17  
Palm Harbor Homes, Inc. *
     2,700       9  
Perry Ellis International, Inc. *
     2,500       10  
Phillips-Van Heusen Corp.
     5,600       106  
Polaris Industries, Inc.
     3,200       68  
Polo Ralph Lauren Corp.
     7,500       308  
Pool Corp.
     5,662       90  
Pulte Homes, Inc.
     20,244       205  
Quiksilver, Inc. *
     4,000       8  
RC2 Corp. *
     2,200       13  
Russ Berrie & Co., Inc. *
     3,000       5  
Skechers U.S.A., Inc., Class A *
     6,500       65  
Skyline Corp.
     2,600       52  
Snap-on, Inc.
     4,000       121  
Standard Pacific Corp. *
     4,800       7  
Stanley Furniture Co., Inc.
     5,200       41  
Steven Madden Ltd. *
     2,700       47  
Sturm, Ruger & Co., Inc. *
     6,000       40  
Tandy Brands Accessories, Inc.
     1,000       1  
Tempur-Pedic International, Inc.
     8,000       56  
The Black & Decker Corp.
     7,100       205  
The Boyds Collection Ltd. (d)*
     34       —  
The Ryland Group, Inc.
     3,700       58  
The Stanley Works
     6,600       206  
The Timberland Co., Class A *
     5,300       58  
The Warnaco Group, Inc. *
     2,500       57  
Toll Brothers, Inc. *
     13,700       233  
Tupperware Brands Corp.
     4,800       99  
UniFirst Corp.
     1,500       39  
Uniroyal Technology Corp. (a)(d)*
     1,100       —  
Universal Electronics, Inc. *
     5,200       59  
VF Corp.
     13,500       756  
Whirlpool Corp.
     6,849       229  
Wolverine World Wide, Inc.
     7,800       141  
 
                
 
             9,868  
 
                
Consumer Services 2.1%
                
Ambassadors Groups, Inc.
     3,400       28  
Ameristar Casinos, Inc.
     3,400       30  
Apollo Group, Inc., Class A *
     14,550       1,185  
Bally Technologies, Inc. *
     3,000       61  
Bob Evans Farms, Inc.
     2,200       39  
Boyd Gaming Corp.
     7,800       37  
Brink’s Home Security Holdings, Inc. *
     5,600       128  
Brinker International, Inc.
     10,350       114  
Burger King Holdings, Inc.
     10,800       240  
Career Education Corp. *
     8,614       188  
Carnival Corp.
     50,000       909  
CEC Entertainment, Inc. *
     2,025       47  
Cedar Fair L.P.
     5,300       57  
Chipotle Mexican Grill, Inc., Class A *
     2,600       124  
Choice Hotels International, Inc.
     6,800       179  
Churchill Downs, Inc.
     900       31  
CKE Restaurants, Inc.
     4,800       40  
Coinstar, Inc. *
     5,000       115  
Corinthian Colleges, Inc. *
     9,200       172  
CPI Corp.
     2,900       20  
Cracker Barrel Old Country Store, Inc.
     3,446       61  
Darden Restaurants, Inc.
     13,300       349  
DeVry, Inc.
     4,800       257  
DineEquity, Inc.
     3,000       26  
Domino’s Pizza, Inc. *
     5,100       34  
Dover Downs Gaming & Entertainment, Inc.
     4,899       16  
Dover Motorsports, Inc.
     1,400       2  
Empire Resorts, Inc. *
     3,000       3  
Gaylord Entertainment Co. *
     2,625       28  
H&R Block, Inc.
     26,300       545  
Hillenbrand, Inc.
     5,800       107  
International Game Technology
     29,100       308  
International Speedway Corp., Class A
     3,245       76  
Interval Leisure Group, Inc. *
     6,269       31  
Isle of Capri Casinos, Inc. *
     4,400       12  
ITT Educational Services, Inc. *
     6,000       735  
Jack in the Box, Inc. *
     8,400       190  
Jackson Hewitt Tax Service, Inc.
     3,000       40  
Krispy Kreme Doughnuts, Inc. *
     2,100       3  
Landry’s Restaurants, Inc.
     1,800       12  
Las Vegas Sands Corp. *
     25,000       129  
Learning Tree International, Inc. *
     1,400       12  
Life Time Fitness, Inc. *
     2,500       37  
Luby’s, Inc. *
     1,400       6  
Marriott International, Inc., Class A
     37,400       610  
Matthews International Corp., Class A
     1,900       74  
McDonald’s Corp.
     110,300       6,400  
MGM MIRAGE *
     22,500       180  
Monarch Casino & Resort, Inc. *
     8,000       82  
MTR Gaming Group, Inc. *
     5,300       8  
Multimedia Games, Inc. *
     1,500       3  
Nobel Learning Communities, Inc. *
     500       7  
O’Charley’s, Inc.
     400       1  

6

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
P.F. Chang’s China Bistro, Inc. *
     800       14  
Panera Bread Co., Class A *
     800       38  
Papa John’s International, Inc. *
     3,400       65  
Peet’s Coffee & Tea, Inc. *
     1,800       37  
Penn National Gaming, Inc. *
     6,800       127  
Pinnacle Entertainment, Inc. *
     3,800       26  
Pre-Paid Legal Services, Inc. *
     3,600       121  
Regis Corp.
     3,900       44  
Royal Caribbean Cruises Ltd.
     16,500       107  
Ruby Tuesday, Inc. *
     5,600       7  
Scientific Games Corp., Class A *
     6,500       82  
Service Corp. International
     24,100       110  
Shuffle Master, Inc. *
     2,812       9  
Sonic Corp. *
     7,968       78  
Sotheby’s
     5,438       47  
Speedway Motorsports, Inc.
     4,800       69  
Starbucks Corp. *
     62,600       591  
Starwood Hotels & Resorts Worldwide, Inc.
     17,730       268  
Stewart Enterprises, Inc., Class A
     10,000       34  
Strayer Education, Inc.
     700       151  
Texas Roadhouse, Inc., Class A *
     5,900       45  
The Cheesecake Factory, Inc. *
     2,887       25  
The Steak n Shake Co. *
     1,580       9  
Tim Hortons, Inc.
     13,949       343  
Vail Resorts, Inc. *
     3,800       89  
Weight Watchers International, Inc.
     8,700       198  
Wendy’s/Arby’s Group, Inc., Class A
     50,775       256  
WMS Industries, Inc. *
     8,250       183  
Wyndham Worldwide Corp.
     16,744       103  
Wynn Resorts Ltd. *
     4,000       120  
Yum! Brands, Inc.
     48,000       1,374  
 
                
 
             18,898  
 
                
Diversified Financials 4.4%
                
Advance America Cash Advance Centers, Inc.
     12,500       18  
Advanta Corp., Class B
     7,500       6  
Affiliated Managers Group, Inc. *
     4,800       193  
AllianceBernstein Holding L.P.
     7,700       131  
American Express Co.
     105,150       1,759  
AmeriCredit Corp. *
     12,300       58  
Ameriprise Financial, Inc.
     21,030       424  
Asset Acceptance Capital Corp. *
     2,500       10  
ASTA Funding, Inc.
     6,000       11  
Bank of America Corp.
     561,956       3,698  
Bank of New York Mellon Corp.
     102,734       2,644  
BGC Partners, Inc., Class A
     28,300       68  
BlackRock, Inc.
     9,400       1,023  
Calamos Asset Management, Inc., Class A
     5,000       30  
Capital One Financial Corp.
     33,710       534  
Cash America International, Inc.
     6,500       119  
CIT Group, Inc.
     18,600       52  
Citigroup, Inc.
     490,086       1,740  
CME Group, Inc.
     6,330       1,101  
Cohen & Steers, Inc.
     5,400       58  
CompuCredit Corp. *
     8,400       27  
Cowen Group, Inc. *
     6,500       37  
Credit Acceptance Corp. *
     2,400       43  
Discover Financial Services
     45,150       323  
Dollar Financial Corp. *
     6,500       51  
E*TRADE Financial Corp. *
     34,335       39  
Eaton Vance Corp.
     11,600       222  
Encore Capital Group, Inc. *
     2,000       11  
Evercore Partners, Inc., Class A
     6,500       73  
EZCORP, Inc., Class A *
     8,500       115  
FBR Capital Markets Corp. *
     4,000       14  
FCStone Group, Inc. *
     2,500       10  
Federated Investors, Inc., Class B
     9,950       194  
Financial Federal Corp.
     3,700       80  
Franklin Resources, Inc.
     20,600       997  
GAMCO Investors, Inc., Class A
     3,200       100  
GFI Group, Inc.
     9,900       31  
Greenhill & Co., Inc.
     2,500       163  
Interactive Brokers Group, Inc., Class A *
     3,400       52  
IntercontinentalExchange, Inc. *
     5,100       290  
Investment Technology Group, Inc. *
     4,750       103  
Janus Capital Group, Inc.
     19,200       101  
Jefferies Group, Inc.
     14,200       164  
JPMorgan Chase & Co.
     318,944       8,136  
Knight Capital Group, Inc., Class A *
     9,700       175  
LaBranche & Co., Inc. *
     6,900       47  
Legg Mason, Inc.
     13,050       210  
Leucadia National Corp. *
     21,908       349  
MarketAxess Holdings, Inc. *
     4,000       31  
MF Global Ltd. *
     14,000       38  
MicroFinancial, Inc.
     1,900       5  
Moody’s Corp.
     26,600       570  
Morgan Stanley
     100,500       2,033  
MSCI, Inc., Class A *
     9,000       156  
Nelnet, Inc., Class A
     7,500       104  
NewStar Financial, Inc. *
     2,000       6  
Northern Trust Corp.
     18,500       1,064  
NYSE Euronext
     22,500       495  
optionsXpress Holdings, Inc.
     5,300       58  
Penson Worldwide, Inc. *
     8,000       48  
PHH Corp. *
     4,186       46  
Piper Jaffray Cos., Inc. *
     3,950       113  
Portfolio Recovery Associates, Inc. *
     2,000       47  
Raymond James Financial, Inc.
     10,350       192  
Resource America, Inc., Class A
     4,000       16  
SEI Investments Co.
     19,400       246  
Siebert Financial Corp.
     2,900       4  
SLM Corp. *
     42,300       484  
State Street Corp.
     36,983       861  
Stifel Financial Corp. *
     3,000       105  
SWS Group, Inc.
     8,211       120  
T. Rowe Price Group, Inc.
     21,400       590  
TD Ameritrade Holding Corp. *
     52,400       589  
The Blackstone Group L.P.
     22,000       99  

7

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Charles Schwab Corp. (c)
     111,120       1,510  
The First Marblehead Corp. *
     7,500       9  
The Goldman Sachs Group, Inc.
     39,700       3,205  
The Nasdaq OMX Group, Inc. *
     17,100       373  
The Student Loan Corp.
     1,700       80  
TradeStation Group, Inc. *
     4,000       22  
Virtus Investment Partners, Inc. *
     475       3  
W.P. Carey & Co., L.L.C.
     4,100       88  
Waddell & Reed Financial, Inc., Class A
     7,250       102  
Westwood Holdings Group, Inc.
     4,285       119  
World Acceptance Corp. *
     5,000       96  
 
                
 
             39,561  
 
                
Energy 12.4%
                
Abraxas Petroleum Corp. *
     8,500       9  
Adams Resources & Energy, Inc.
     1,400       25  
Alliance Holdings GP L.P.
     1,000       16  
Alliance Resource Partners L.P.
     3,400       104  
Alon USA Energy, Inc.
     8,700       103  
Alpha Natural Resources, Inc. *
     5,200       85  
Anadarko Petroleum Corp.
     45,060       1,656  
Apache Corp.
     29,772       2,233  
APCO Argentina, Inc.
     800       20  
Approach Resources, Inc. *
     4,000       28  
Arch Coal, Inc.
     12,500       190  
Arena Resources, Inc. *
     3,000       73  
Atlas America, Inc.
     4,005       51  
ATP Oil & Gas Corp. *
     6,600       30  
Atwood Oceanics, Inc. *
     4,800       80  
Baker Hughes, Inc.
     28,300       943  
Basic Energy Services, Inc. *
     3,000       29  
Berry Petroleum Co., Class A
     4,000       29  
Bill Barrett Corp. *
     3,700       82  
BJ Services Co.
     28,600       315  
Boardwalk Pipeline Partners L.P.
     14,100       300  
BP Prudhoe Bay Royalty Trust
     2,200       160  
Brigham Exploration Co. *
     5,000       13  
Bristow Group, Inc. *
     6,800       164  
Buckeye Partners L.P.
     3,400       136  
Cabot Oil & Gas Corp.
     27,200       748  
Cal Dive International, Inc. *
     9,000       57  
Callon Petroleum Co. *
     5,000       11  
Calumet Specialty Products Partners L.P.
     5,000       56  
Cameron International Corp. *
     18,200       422  
CARBO Ceramics, Inc.
     1,900       68  
Carrizo Oil & Gas, Inc. *
     3,000       42  
Cheniere Energy Partners L.P.
     2,500       13  
Chesapeake Energy Corp.
     50,100       792  
Chevron Corp.
     186,939       13,183  
Cimarex Energy Co.
     8,008       199  
Clayton Williams Energy, Inc. *
     2,500       100  
CNX Gas Corp. *
     12,000       311  
Compagnie Generale de Geophysique-Veritas ADR *
     6,029       73  
Complete Production Services, Inc. *
     6,100       39  
Comstock Resources, Inc. *
     4,500       172  
Concho Resources, Inc. *
     6,400       161  
ConocoPhillips
     138,223       6,570  
CONSOL Energy, Inc.
     14,100       384  
Continental Resources, Inc. *
     5,000       103  
CREDO Petroleum Corp. *
     6,700       67  
Cross Timbers Royalty Trust
     1,500       50  
Crosstex Energy L.P.
     2,000       9  
Crosstex Energy, Inc.
     3,200       11  
CVR Energy, Inc. *
     6,900       35  
Delek US Holdings, Inc.
     7,000       49  
Delta Petroleum Corp. *
     8,600       37  
Denbury Resources, Inc. *
     19,600       240  
Devon Energy Corp.
     40,360       2,486  
Diamond Offshore Drilling, Inc.
     12,300       772  
Dresser-Rand Group, Inc. *
     6,000       117  
Dril-Quip, Inc. *
     3,100       76  
Eagle Rock Energy Partners L.P.
     3,000       23  
El Paso Corp.
     61,587       504  
El Paso Pipeline Partners L.P.
     5,000       85  
Enbridge Energy Management LLC *
     1,552       47  
Enbridge Energy Partners, L.P.
     7,100       225  
Encore Acquisition Co. *
     5,250       143  
Energy Partners Ltd. *
     9,001       10  
Energy Transfer Equity L.P.
     23,000       425  
Energy Transfer Partners L.P.
     14,000       489  
ENGlobal Corp. *
     4,000       12  
ENSCO International, Inc.
     11,200       306  
Enterprise GP Holdings L.P.
     14,100       285  
Enterprise Products Partners L.P.
     41,500       911  
EOG Resources, Inc.
     22,800       1,545  
Exterran Holdings, Inc. *
     4,720       105  
Exxon Mobil Corp.
     466,166       35,652  
FMC Technologies, Inc. *
     9,182       272  
Forest Oil Corp. *
     9,450       142  
Foundation Coal Holdings, Inc.
     3,700       60  
Frontier Oil Corp.
     14,400       206  
General Maritime Corp.
     14,720       156  
Geomet, Inc. *
     4,000       5  
Global Industries Ltd. *
     14,400       50  
Gulf Island Fabrication, Inc.
     2,800       35  
GulfMark Offshore, Inc. *
     4,100       98  
Gulfport Energy Corp. *
     5,000       19  
Halliburton Co.
     81,200       1,401  
Harvest Natural Resources, Inc. *
     6,000       24  
Helix Energy Solutions Group, Inc. *
     8,564       44  
Helmerich & Payne, Inc.
     9,600       216  
Hercules Offshore, Inc. *
     7,400       28  
Hess Corp.
     28,200       1,568  
Holly Corp.
     8,000       187  
Hornbeck Offshore Services, Inc. *
     5,000       89  
Houston American Energy Corp.
     4,000       9  
Hugoton Royalty Trust
     4,846       63  
IHS, Inc., Class A *
     6,600       289  
Inergy L.P.
     2,000       47  
International Coal Group, Inc. *
     12,800       31  
ION Geophysical Corp. *
     7,900       12  

8

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
James River Coal Co. *
     2,500       34  
Key Energy Services, Inc. *
     10,300       35  
Kinder Morgan Energy Partners L.P.
     20,000       991  
Kinder Morgan Management L.L.C. *
     4,495       195  
Lufkin Industries, Inc.
     3,500       122  
Magellan Midstream Partners L.P.
     6,000       208  
Marathon Oil Corp.
     67,308       1,833  
Mariner Energy, Inc. *
     6,601       65  
MarkWest Energy Partners L.P.
     1,000       12  
Massey Energy Co.
     6,800       103  
Matrix Service Co. *
     8,000       42  
McMoRan Exploration Co. *
     4,500       30  
Murphy Oil Corp.
     18,500       817  
Nabors Industries Ltd. *
     23,634       259  
NATCO Group, Inc., Class A *
     6,200       106  
National-Oilwell Varco, Inc. *
     37,622       995  
Natural Gas Services Group *
     7,500       64  
Natural Resource Partners L.P.
     4,000       94  
Newfield Exploration Co. *
     10,600       203  
Newpark Resources, Inc. *
     11,500       48  
Ngas Resources, Inc. *
     4,000       6  
Noble Corp.
     25,200       684  
Noble Energy
     14,218       696  
NuStar Energy L.P.
     4,900       241  
NuStar GP Holdings LLC
     1,000       19  
Occidental Petroleum Corp.
     78,020       4,256  
Oceaneering International, Inc. *
     5,200       179  
Oil States International, Inc. *
     3,600       66  
ONEOK Partners, L.P.
     6,000       306  
Overseas Shipholding Group, Inc.
     3,700       132  
OYO Geospace Corp. *
     300       4  
Panhandle Oil & Gas, Inc., Class A
     2,000       41  
Parallel Petroleum Corp. *
     8,500       21  
Parker Drilling Co. *
     18,300       39  
Patriot Coal Corp. *
     3,700       19  
Patterson-UTI Energy, Inc.
     13,200       126  
Peabody Energy Corp.
     23,700       592  
Penn Virginia Corp.
     5,000       103  
Penn Virginia GP Holdings L.P.
     1,500       17  
Penn Virginia Resource Partners L.P.
     5,000       70  
Petrohawk Energy Corp. *
     21,600       426  
Petroleum Development Corp. *
     4,000       69  
PetroQuest Energy, Inc. *
     4,200       27  
PHI, Inc. *
     4,000       48  
Pioneer Drilling Co. *
     9,200       46  
Pioneer Natural Resources Co.
     10,133       148  
Plains All American Pipeline L.P.
     7,295       276  
Plains Exploration & Production Co. *
     9,765       206  
Precision Drilling Trust
     6,337       31  
Pride International, Inc. *
     15,700       253  
Quicksilver Resources, Inc. *
     8,400       58  
RAM Energy Resources, Inc. *
     4,000       4  
Range Resources Corp.
     14,100       505  
Rex Energy Corp. *
     8,000       19  
Rosetta Resources, Inc. *
     6,600       40  
Rowan Cos., Inc.
     8,400       106  
RPC, Inc.
     11,475       85  
SandRidge Energy, Inc. *
     6,000       40  
Schlumberger Ltd.
     105,000       4,285  
SEACOR Holdings, Inc. *
     1,250       81  
Ship Finance International Ltd.
     6,100       69  
Smith International, Inc.
     18,932       430  
Southern Union Co.
     9,874       127  
Southwestern Energy Co. *
     30,000       949  
Spectra Energy Corp.
     54,678       793  
St. Mary Land & Exploration Co.
     7,400       143  
Stone Energy Corp. *
     4,383       38  
Sunoco Logistics Partners L.P.
     2,000       108  
Sunoco, Inc.
     11,000       510  
Superior Energy Services, Inc. *
     9,900       154  
Swift Energy Co. *
     2,500       38  
T-3 Energy Services, Inc. *
     5,000       64  
Targa Resources Partners L.P.
     2,000       21  
TC Pipelines L.P.
     2,400       60  
Teekay Corp.
     6,000       105  
Teekay LNG Partners L.P.
     1,000       18  
Tel Offshore Trust
     83       —  
TEPPCO Partners L.P.
     10,000       251  
Tesoro Corp.
     12,100       208  
TETRA Technologies, Inc. *
     5,300       28  
The Williams Cos., Inc.
     51,360       727  
Tidewater, Inc.
     7,700       320  
Transocean Ltd. *
     7,512       410  
Trico Marine Services, Inc. *
     5,000       31  
Ultra Petroleum Corp. *
     13,000       466  
Union Drilling, Inc. *
     2,500       11  
Unit Corp. *
     4,400       110  
USEC, Inc. *
     14,300       73  
VAALCO Energy, Inc. *
     9,000       68  
Valero Energy Corp.
     50,980       1,230  
Verenium Corp. *
     1,100       1  
W&T Offshore, Inc.
     7,500       94  
Walter Industries, Inc.
     4,900       90  
Warren Resources, Inc. *
     5,000       9  
Weatherford International Ltd. *
     59,300       654  
Western Refining, Inc.
     5,600       65  
Westmoreland Coal Co. *
     6,500       59  
Whiting Petroleum Corp. *
     3,400       99  
World Fuel Services Corp.
     4,100       138  
XTO Energy, Inc.
     49,177       1,824  
 
                
 
             111,364  
 
                
Food & Staples Retailing 3.2%
                
Arden Group, Inc., Class A
     600       69  
BJ’s Wholesale Club, Inc. *
     6,100       175  
Casey’s General Stores, Inc.
     5,100       108  
Costco Wholesale Corp.
     38,600       1,738  
CVS Caremark Corp.
     125,640       3,377  
Ingles Markets, Inc., Class A
     300       4  
Nash Finch Co.
     1,700       73  
PriceSmart, Inc.
     500       8  
Ruddick Corp.
     3,100       75  

9

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Safeway, Inc.
     35,900       769  
Spartan Stores, Inc.
     500       9  
SUPERVALU, Inc.
     19,832       348  
Sysco Corp.
     48,636       1,084  
The Andersons, Inc.
     1,000       16  
The Great Atlantic & Pacific Tea Co., Inc. *
     2,705       19  
The Kroger Co.
     63,800       1,436  
The Pantry, Inc. *
     1,000       17  
United Natural Foods, Inc. *
     2,600       40  
Wal-Mart Stores, Inc.
     359,100       16,921  
Walgreen Co.
     87,400       2,396  
Weis Markets, Inc.
     1,700       53  
Whole Foods Market, Inc.
     10,900       112  
 
                
 
             28,847  
 
                
Food, Beverage & Tobacco 5.5%
                
Alliance One International, Inc. *
     10,800       26  
Altria Group, Inc.
     174,800       2,891  
American Italian Pasta Co., Class A *
     1,000       24  
Archer-Daniels-Midland Co.
     53,958       1,477  
Bridgford Foods Corp. *
     300       1  
Brown-Forman Corp., Class B
     12,390       563  
Bunge Ltd.
     8,000       344  
Campbell Soup Co.
     35,400       1,075  
Chiquita Brands International, Inc. *
     3,200       45  
Coca-Cola Bottling Co.
     400       18  
Coca-Cola Enterprises, Inc.
     30,000       337  
ConAgra Foods, Inc.
     43,293       740  
Constellation Brands, Inc., Class A *
     17,600       256  
Corn Products International, Inc.
     5,800       134  
Dean Foods Co. *
     11,113       215  
Del Monte Foods Co.
     16,031       107  
Dr. Pepper Snapple Group, Inc. *
     20,000       329  
Flowers Foods, Inc.
     7,158       154  
Fresh Del Monte Produce, Inc. *
     4,200       101  
General Mills, Inc.
     31,300       1,851  
Green Mountain Coffee Roasters, Inc. *
     2,700       103  
Griffin Land & Nurseries, Inc.
     300       10  
H.J. Heinz Co.
     27,900       1,018  
Hansen Natural Corp. *
     10,000       335  
Hormel Foods Corp.
     11,500       343  
J & J Snack Foods Corp.
     6,400       223  
John B. Sanfilippo & Son, Inc. *
     5,000       27  
Kellogg Co.
     34,400       1,503  
Kraft Foods, Inc., Class A
     147,513       4,138  
Lancaster Colony Corp.
     3,400       124  
Lance, Inc.
     2,900       55  
Lorillard, Inc.
     20,648       1,228  
McCormick & Co., Inc.
     11,300       362  
Molson Coors Brewing Co., Class B
     17,000       685  
National Beverage Corp. *
     4,500       39  
PepsiAmericas, Inc.
     13,200       213  
PepsiCo, Inc.
     140,800       7,072  
Philip Morris International, Inc.
     174,800       6,494  
Ralcorp Holdings, Inc. *
     6,700       397  
Reynolds American, Inc.
     22,664       865  
Rocky Mountain Chocolate Factory, Inc.
     2,427       16  
Sanderson Farms, Inc.
     1,750       63  
Sara Lee Corp.
     64,378       646  
Smithfield Foods, Inc. *
     6,300       75  
Tasty Baking Co.
     500       2  
The Boston Beer Co., Inc., Class A *
     2,500       63  
The Coca-Cola Co.
     210,200       8,980  
The Hain Celestial Group, Inc. *
     1,406       21  
The Hershey Co.
     19,400       723  
The J.M. Smucker Co.
     30,246       1,366  
The Pepsi Bottling Group, Inc.
     23,400       451  
Tootsie Roll Industries, Inc.
     2,535       61  
TreeHouse Foods, Inc. *
     1,722       45  
Tyson Foods, Inc., Class A
     30,340       268  
Universal Corp., VA
     4,800       147  
Vector Group Ltd.
     4,116       60  
Zapata Corp. *
     8,000       52  
 
                
 
             48,961  
 
                
Health Care Equipment & Services 4.8%
                
ABIOMED, Inc. *
     800       11  
Advanced Medical Optics, Inc. *
     4,111       90  
Aetna, Inc.
     59,200       1,835  
Align Technology, Inc. *
     8,700       69  
Alliance Imaging, Inc. *
     1,800       16  
Allscripts Healthcare Solutions, Inc.
     1,900       16  
Amedisys, Inc. *
     3,334       137  
America Service Group, Inc. *
     3,550       41  
American Medical Systems Holdings, Inc. *
     7,800       83  
AMERIGROUP Corp. *
     4,300       120  
AmerisourceBergen Corp.
     20,648       750  
AMN Healthcare Services, Inc. *
     4,110       28  
AmSurg Corp. *
     2,300       45  
Analogic Corp.
     1,400       35  
Aspect Medical Systems, Inc. *
     3,700       14  
athenahealth, Inc. *
     1,000       36  
Baxter International, Inc.
     59,018       3,461  
Beckman Coulter, Inc.
     5,100       254  
Becton, Dickinson & Co.
     21,300       1,548  
BioScrip, Inc. *
     2,172       4  
Boston Scientific Corp. *
     109,568       972  
Brookdale Senior Living, Inc.
     300       2  
C.R. Bard, Inc.
     8,000       685  
Cantel Medical Corp. *
     3,571       54  
Cardinal Health, Inc.
     36,160       1,361  
Catalyst Health Solutions, Inc. *
     1,900       42  
Centene Corp. *
     4,000       71  
Cerner Corp. *
     8,400       283  
Chemed Corp.
     3,900       157  
Chindex International, Inc. *
     3,300       20  
CIGNA Corp.
     38,400       667  
Community Health Systems, Inc. *
     7,100       132  

10

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
CONMED Corp. *
     4,200       66  
CorVel Corp. *
     2,850       50  
Coventry Health Care, Inc. *
     23,937       362  
Covidien Ltd.
     44,525       1,707  
Cross Country Healthcare, Inc. *
     4,600       34  
CryoLife, Inc. *
     750       6  
Cyberonics, Inc. *
     1,200       18  
DaVita, Inc. *
     8,250       388  
DENTSPLY International, Inc.
     13,100       353  
Eclipsys Corp. *
     6,300       55  
Edwards Lifesciences Corp. *
     3,900       224  
Express Scripts, Inc. *
     25,200       1,355  
Five Star Quality Care, Inc. *
     135       —  
Gen-Probe, Inc. *
     3,400       153  
Gentiva Health Services, Inc. *
     3,250       82  
Greatbatch, Inc. *
     1,100       26  
Haemonetics Corp. *
     3,700       219  
Hanger Orthopedic Group, Inc. *
     5,400       74  
Health Management Associates, Inc., Class A *
     15,900       25  
Health Net, Inc. *
     9,100       133  
Healthspring, Inc. *
     4,600       80  
HealthTronics, Inc. *
     3,500       6  
Healthways, Inc. *
     3,100       43  
Henry Schein, Inc. *
     7,600       284  
Hill-Rom Holdings, Inc.
     5,800       82  
Hlth Corp. *
     21,926       250  
Hologic, Inc. *
     21,112       249  
Home Diagnostics, Inc. *
     2,500       17  
Hospira, Inc. *
     14,070       350  
Humana, Inc. *
     18,900       717  
ICU Medical, Inc. *
     550       17  
IDEXX Laboratories, Inc. *
     5,000       164  
Immucor, Inc. *
     6,795       188  
IMS Health, Inc.
     19,300       280  
Integra LifeSciences Holdings *
     1,100       31  
Intuitive Surgical, Inc. *
     2,050       212  
Invacare Corp.
     2,000       38  
inVentiv Health, Inc. *
     4,733       45  
Inverness Medical Innovations, Inc. *
     6,441       158  
Kindred Healthcare, Inc. *
     4,624       63  
Kinetic Concepts, Inc. *
     5,600       135  
Laboratory Corp. of America Holdings *
     12,800       758  
Landauer, Inc.
     1,100       75  
LCA-Vision, Inc.
     2,500       6  
LifePoint Hospitals, Inc. *
     3,707       84  
Lincare Holdings, Inc. *
     7,100       171  
Magellan Health Services, Inc. *
     3,007       109  
McKesson Corp.
     25,400       1,123  
MedCath Corp. *
     1,500       9  
Medco Health Solutions, Inc. *
     50,066       2,249  
Medical Action Industries, Inc. *
     3,750       32  
MEDNAX, Inc. *
     6,000       201  
Medtronic, Inc.
     100,374       3,362  
Meridian Bioscience, Inc.
     11,250       239  
Merit Medical Systems, Inc. *
     2,222       34  
Molina Healthcare, Inc. *
     2,500       44  
National Healthcare Corp.
     600       27  
Neogen Corp. *
     937       25  
NOVT Corp. *
     400       —  
Odyssey HealthCare, Inc. *
     2,250       22  
Omnicare, Inc.
     10,000       280  
OraSure Technologies, Inc. *
     1,500       4  
Owens & Minor, Inc.
     2,000       80  
Patterson Cos., Inc. *
     10,600       195  
PDI, Inc. *
     2,900       13  
PharMerica Corp. *
     3,413       56  
PSS World Medical, Inc. *
     5,800       92  
Psychiatric Solutions, Inc. *
     4,400       114  
Quest Diagnostics, Inc.
     19,820       978  
RehabCare Group, Inc. *
     4,000       56  
Res-Care, Inc. *
     4,500       61  
ResMed, Inc. *
     7,000       279  
RTI Biologics, Inc. *
     1,700       4  
SonoSite, Inc. *
     1,600       30  
St. Jude Medical, Inc. *
     29,600       1,077  
STERIS Corp.
     6,100       162  
Stryker Corp.
     31,100       1,314  
Sunrise Senior Living, Inc. *
     3,400       4  
SXC Health Solutions Corp. *
     173       3  
Teleflex, Inc.
     4,300       229  
Tenet Healthcare Corp. *
     36,650       39  
The Cooper Cos., Inc.
     2,781       53  
Thoratec Corp. *
     5,636       163  
U.S. Physical Therapy, Inc. *
     3,500       43  
UnitedHealth Group, Inc.
     118,880       3,368  
Universal American Financial Corp. *
     4,000       40  
Universal Health Services, Inc., Class B
     4,000       151  
Utah Medical Products, Inc.
     2,500       61  
Varian Medical Systems, Inc. *
     11,900       442  
VCA Antech, Inc. *
     7,900       149  
WellCare Health Plans, Inc. *
     3,200       47  
WellPoint, Inc. *
     57,723       2,393  
West Pharmaceutical Services, Inc.
     4,600       153  
Wright Medical Group, Inc. *
     4,200       87  
Young Innovations, Inc.
     2,000       31  
Zimmer Holdings, Inc. *
     20,300       739  
 
                
 
             43,338  
 
                
Household & Personal Products 2.5%
                
Alberto-Culver Co.
     9,450       231  
Avon Products, Inc.
     39,000       797  
Central Garden & Pet Co. *
     1,600       10  
Central Garden & Pet Co., Class A *
     3,200       19  
Chattem, Inc. *
     1,200       81  
Church & Dwight Co., Inc.
     4,950       263  
Colgate-Palmolive Co.
     46,500       3,024  
Energizer Holdings, Inc. *
     6,333       302  
Herbalife Ltd.
     5,800       119  
Inter Parfums, Inc.
     1,013       6  
Kimberly-Clark Corp.
     40,639       2,092  

11

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
NBTY, Inc. *
     5,400       102  
Nu Skin Enterprises, Inc., Class A
     6,500       62  
Nutraceutical International Corp. *
     5,000       44  
Oil-Dri Corp. of America
     500       8  
Spectrum Brands, Inc. *
     2,800       —  
The Clorox Co.
     12,200       612  
The Estee Lauder Cos., Inc., Class A
     12,800       336  
The Procter & Gamble Co.
     264,215       14,400  
USANA Health Sciences, Inc. *
     3,500       81  
WD-40 Co.
     1,600       40  
 
                
 
             22,629  
 
                
Insurance 4.1%
                
21st Century Holding Co.
     1,500       6  
Aflac, Inc.
     42,600       989  
Alleghany Corp. *
     228       62  
Allied World Assurance Co. Holdings Ltd.
     4,900       185  
Ambac Financial Group, Inc.
     7,750       9  
American Financial Group, Inc.
     10,750       183  
American International Group, Inc.
     111,922       143  
American National Insurance Co.
     1,300       73  
American Physicians Capital, Inc.
     3,750       159  
AmTrust Financial Services, Inc.
     7,500       62  
Aon Corp.
     25,500       945  
Arch Capital Group Ltd. *
     6,900       415  
Argo Group International Holdings Ltd. *
     1,556       48  
Arthur J. Gallagher & Co.
     6,800       160  
Aspen Insurance Holdings Ltd.
     7,000       155  
Assurant, Inc.
     11,500       304  
Axis Capital Holdings Ltd.
     12,200       296  
Baldwin & Lyons, Inc., Class B
     750       13  
Berkshire Hathaway, Inc., Class A *
     143       12,799  
Brown & Brown, Inc.
     11,000       210  
Cincinnati Financial Corp.
     13,450       295  
Citizens, Inc. *
     5,000       41  
CNA Financial Corp.
     20,900       243  
CNA Surety Corp. *
     4,700       78  
Conseco, Inc. *
     16,000       37  
Crawford & Co., Class B *
     1,600       14  
Delphi Financial Group, Inc., Class A
     6,772       103  
Eastern Insurance Holdings, Inc.
     2,500       26  
EMC Insurance Group, Inc.
     1,200       23  
Employers Holdings, Inc.
     4,200       57  
Endurance Specialty Holdings Ltd.
     5,000       136  
Erie Indemnity Co., Class A
     5,500       195  
Everest Re Group Ltd.
     5,900       372  
FBL Financial Group, Inc., Class A
     2,090       22  
Fidelity National Financial, Inc., Class A
     17,327       253  
First American Corp.
     7,800       170  
FPIC Insurance Group, Inc. *
     400       16  
Genworth Financial, Inc., Class A
     37,500       87  
Hanover Insurance Group, Inc.
     4,900       198  
Harleysville Group, Inc.
     1,800       51  
HCC Insurance Holdings, Inc.
     10,950       256  
Hilltop Holdings, Inc. *
     3,726       37  
Horace Mann Educators Corp.
     4,300       40  
Independence Holding Co.
     2,700       8  
Infinity Property & Casualty Corp.
     2,500       96  
IPC Holdings Ltd.
     5,000       128  
LandAmerica Financial Group, Inc.
     5,300       —  
Lincoln National Corp.
     21,926       332  
Loews Corp.
     35,645       870  
Markel Corp. *
     300       81  
Marsh & McLennan Cos., Inc.
     43,000       831  
MBIA, Inc. *
     11,250       43  
Mercury General Corp.
     5,400       209  
MetLife, Inc.
     72,000       2,069  
Montpelier Re Holdings Ltd.
     8,100       115  
National Financial Partners Corp.
     2,500       6  
National Western Life Insurance Co., Class A
     300       37  
NYMAGIC, Inc.
     2,100       36  
Odyssey Re Holdings Corp.
     5,400       254  
Old Republic International Corp.
     20,437       211  
OneBeacon Insurance Group Ltd.
     8,200       69  
PartnerRe Ltd.
     5,400       354  
Penn Treaty American Corp. *
     150       —  
PMA Capital Corp., Class A *
     700       4  
Presidential Life Corp.
     1,000       10  
Principal Financial Group, Inc.
     25,400       421  
ProAssurance Corp. *
     1,670       79  
Protective Life Corp.
     5,500       46  
Prudential Financial, Inc.
     45,500       1,172  
Reinsurance Group of America, Inc.
     5,100       182  
RenaissanceRe Holdings Ltd.
     5,800       259  
RLI Corp.
     2,800       158  
Safety Insurance Group, Inc.
     1,000       35  
Selective Insurance Group, Inc.
     5,400       83  
StanCorp Financial Group, Inc.
     5,000       129  
State Auto Financial Corp.
     3,800       84  
Stewart Information Services Corp.
     1,400       21  
The Allstate Corp.
     58,874       1,276  
The Chubb Corp.
     33,094       1,409  
The Hartford Financial Services Group, Inc.
     24,400       321  
The Navigators Group, Inc. *
     1,500       77  
The Phoenix Cos., Inc.
     9,500       17  
The Progressive Corp. *
     85,200       1,035  
The Travelers Cos., Inc.
     54,550       2,108  
Torchmark Corp.
     10,600       318  
Transatlantic Holdings, Inc.
     6,437       207  
United Fire & Casualty Co.
     5,000       100  
Unitrin, Inc.
     5,600       71  
Unum Group
     23,914       339  
W. R. Berkley Corp.
     22,950       608  
Wesco Financial Corp.
     200       60  
White Mountains Insurance Group Ltd.
     200       48  

12

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
XL Capital Ltd., Class A
     14,700       43  
Zenith National Insurance Corp.
     3,400       95  
 
                
 
             36,530  
 
                
Materials 3.4%
                
A. Schulman, Inc.
     2,300       35  
A.M. Castle & Co.
     4,000       34  
AbitibiBowater, Inc. *
     1,196       1  
AEP Industries, Inc. *
     1,900       27  
Air Products & Chemicals, Inc.
     17,700       890  
Airgas, Inc.
     7,500       265  
AK Steel Holding Corp.
     9,527       77  
Albemarle Corp.
     9,000       200  
Alcoa, Inc.
     71,664       558  
Allegheny Technologies, Inc.
     7,700       170  
AptarGroup, Inc.
     6,900       213  
Arch Chemicals, Inc.
     2,700       61  
Ashland, Inc.
     6,523       52  
Ball Corp.
     8,700       334  
Bemis Co., Inc.
     8,900       201  
Brush Engineered Materials, Inc. *
     4,000       50  
Buckeye Technologies, Inc. *
     7,700       22  
Cabot Corp.
     5,200       69  
Calgon Carbon Corp. *
     4,000       50  
Carpenter Technology Corp.
     5,000       82  
Celanese Corp., Series A
     12,500       133  
Century Aluminum Co. *
     3,100       11  
CF Industries Holdings, Inc.
     4,400       207  
Clearwater Paper Corp. *
     786       9  
Cliffs Natural Resources, Inc.
     10,300       239  
Commercial Metals Co.
     9,000       103  
Compass Minerals International, Inc.
     5,000       301  
Crown Holdings, Inc. *
     13,400       251  
Cytec Industries, Inc.
     3,600       74  
Deltic Timber Corp.
     700       28  
Domtar Corp. *
     39,000       58  
E.I. du Pont de Nemours & Co.
     78,195       1,795  
Eagle Materials, Inc.
     4,143       75  
Eastman Chemical Co.
     8,100       210  
Ecolab, Inc.
     21,500       730  
Ferro Corp.
     8,200       32  
FMC Corp.
     6,200       277  
Freeport-McMoRan Copper & Gold, Inc.
     30,122       757  
Glatfelter
     4,000       35  
Goldcorp, Inc.
     18,759       555  
Greif, Inc., Class A
     7,400       224  
H.B. Fuller Co.
     6,500       91  
Hawkins, Inc.
     1,900       28  
Headwaters, Inc. *
     7,500       34  
Hecla Mining Co. *
     12,000       32  
Horsehead Holding Corp. *
     4,000       16  
Huntsman Corp.
     17,500       47  
Innophos Holdings, Inc.
     6,500       98  
International Flavors & Fragrances, Inc.
     7,400       212  
International Paper Co.
     39,304       358  
Koppers Holdings, Inc.
     2,500       41  
Kronos Worldwide, Inc.
     6,060       86  
Landec Corp. *
     6,500       36  
Louisiana-Pacific Corp.
     8,300       17  
Martin Marietta Materials, Inc.
     4,200       338  
Material Sciences Corp. *
     8,000       11  
MeadWestvaco Corp.
     14,474       168  
Minerals Technologies, Inc.
     3,100       117  
Mod-Pac Corp. *
     500       1  
Monsanto Co.
     48,290       3,673  
Myers Industries, Inc.
     8,080       51  
Nalco Holding Co.
     13,600       133  
Neenah Paper, Inc.
     1,231       8  
NewMarket Corp.
     2,000       63  
Newmont Mining Corp.
     38,251       1,522  
NL Industries, Inc.
     7,800       90  
Nucor Corp.
     27,000       1,101  
Olin Corp.
     7,320       103  
OM Group, Inc. *
     2,400       47  
Omnova Solutions, Inc. *
     3,400       3  
Owens-Illinois, Inc. *
     13,700       260  
Packaging Corp. of America
     8,500       121  
Pactiv Corp. *
     12,400       268  
Penford Corp.
     5,200       45  
PolyOne Corp. *
     7,200       15  
PPG Industries, Inc.
     13,900       522  
Praxair, Inc.
     25,700       1,600  
Reliance Steel & Aluminum Co.
     8,500       188  
Rock-Tenn Co., Class A
     4,500       140  
Rockwood Holdings, Inc. *
     5,900       44  
Rohm & Haas Co.
     26,753       1,476  
Royal Gold, Inc.
     2,200       106  
RPM International, Inc.
     9,600       118  
RTI International Metals, Inc. *
     1,500       20  
Schnitzer Steel Industries, Inc., Class A
     1,650       65  
Schweitzer-Mauduit International, Inc.
     3,300       71  
Sealed Air Corp.
     14,500       196  
Sensient Technologies Corp.
     4,800       103  
Sigma-Aldrich Corp.
     12,600       455  
Silgan Holdings, Inc.
     5,800       266  
Sims Group Ltd.
     5,125       55  
Sonoco Products Co.
     8,000       183  
Southern Copper Corp.
     68,400       953  
Spartech Corp.
     8,200       26  
Steel Dynamics, Inc.
     14,000       149  
Stepan Co.
     1,200       44  
Stillwater Mining Co. *
     11,233       47  
Temple-Inland, Inc.
     8,800       50  
Terra Industries, Inc.
     7,500       154  
Terra Nitrogen Co., L.P.
     3,000       367  
Texas Industries, Inc.
     1,000       23  
The Dow Chemical Co.
     78,766       913  
The Lubrizol Corp.
     5,400       184  
The Mosaic Co.
     36,000       1,284  
The Scotts Miracle-Gro Co., Class A
     5,600       180  
The Valspar Corp.
     8,400       146  

13

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Titanium Metals Corp.
     11,307       80  
United States Steel Corp.
     9,900       297  
Valhi, Inc.
     8,600       128  
Vulcan Materials Co.
     7,592       376  
Wausau Paper Corp.
     8,700       83  
Westlake Chemical Corp.
     5,100       70  
Weyerhaeuser Co.
     18,250       499  
Worthington Industries, Inc.
     7,200       72  
Yamana Gold, Inc.
     14,751       119  
Zep, Inc.
     6,600       73  
 
                
 
             30,654  
 
                
Media 2.8%
                
4Kids Entertainment, Inc. *
     4,000       7  
AH Belo Corp., Class A
     1,880       4  
Alloy, Inc. *
     3,500       17  
Arbitron, Inc.
     2,120       32  
Ascent Media Corp., Class A *
     1,116       29  
Belo Corp., Class A
     9,400       13  
Cablevision Systems Corp., Class A
     21,100       338  
Carmike Cinemas, Inc.
     2,500       5  
CBS Corp., Class B
     72,006       412  
CKX, Inc. *
     7,300       24  
Clear Channel Outdoor Holdings, Inc., Class A *
     28,700       149  
Comcast Corp., Class A
     227,004       3,326  
Comcast Corp., Special Class A
     64,200       891  
Cox Radio, Inc., Class A *
     4,600       23  
Crown Media Holdings, Inc., Class A *
     6,000       10  
Cumulus Media Inc., Class A *
     4,351       7  
Daily Journal Corp. *
     500       18  
Discovery Communications, Inc., Series A *
     11,161       162  
Discovery Communications, Inc., Series C *
     11,161       160  
DISH Network Corp., Class A *
     37,700       484  
DreamWorks Animation SKG, Inc., Class A *
     8,200       180  
Entercom Communications Corp., Class A
     3,000       4  
Gannett Co., Inc.
     19,500       113  
Harte-Hanks, Inc.
     8,100       51  
Hearst-Argyle Television, Inc.
     7,500       30  
Interactive Data Corp.
     20,700       472  
John Wiley & Sons, Inc., Class A
     6,300       223  
Journal Communications, Inc., Class A
     7,500       13  
Journal Register Co. *
     3,200       —  
Lakes Entertainment, Inc. *
     1,800       5  
Lamar Advertising Co., Class A *
     9,200       83  
Liberty Global, Inc., Series A *
     37,575       547  
Liberty Global, Inc., Series C *
     12,601       180  
Liberty Media Corp - Entertainment, Series A *
     44,644       819  
Liberty Media Corp. - Capital, Series A *
     11,161       61  
Live Nation, Inc. *
     6,215       32  
Martha Stewart Living Omnimedia, Inc., Class A *
     3,900       9  
Marvel Entertainment, Inc. *
     11,700       322  
Media General, Inc., Class A
     2,000       4  
Mediacom Communications Corp., Class A *
     7,600       41  
Meredith Corp.
     3,800       61  
Morningstar, Inc. *
     3,200       111  
News Corp., Class A
     253,950       1,623  
Omnicom Group, Inc.
     33,600       870  
Playboy Enterprises, Inc., Class B *
     4,500       8  
Radio One, Inc., Class A *
     9,500       6  
Regal Entertainment Group, Class A
     12,100       121  
Salem Communications Corp., Class A *
     900       1  
Scholastic Corp.
     2,200       24  
Scripps Networks Interactive, Class A
     12,000       258  
Sinclair Broadcast Group, Inc., Class A
     7,300       14  
The DIRECTV Group, Inc. *
     101,476       2,222  
The E.W. Scripps Co., Class A
     4,000       6  
The Interpublic Group of Cos., Inc. *
     34,537       115  
The McGraw-Hill Cos., Inc.
     34,600       761  
The New York Times Co., Class A
     13,200       66  
The Walt Disney Co.
     185,410       3,834  
The Washington Post Co., Class B
     600       234  
Time Warner Cable, Inc., Class A *
     75,000       1,397  
Time Warner, Inc.
     367,052       3,425  
Valassis Communications, Inc. *
     3,700       5  
Value Line, Inc.
     300       11  
Viacom, Inc., Class B *
     56,606       835  
Virgin Media, Inc.
     15,000       68  
Voyager Learning Co. *
     1,700       3  
Warner Music Group Corp.
     11,700       24  
World Wrestling Entertainment, Inc., Class A
     4,900       48  
Xanadoo Co., Class A *
     63       19  
 
                
 
             25,470  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 9.9%
                
Abbott Laboratories
     136,705       7,579  
Abraxis BioScience *
     2,500       173  
Accelrys, Inc. *
     4,300       16  
Acura Pharmaceuticals, Inc. *
     1,000       4  
Adolor Corp. *
     8,700       17  
Affymax, Inc. *
     2,900       38  
Affymetrix, Inc. *
     8,900       28  
Albany Molecular Research, Inc. *
     5,600       48  
Alexion Pharmaceuticals, Inc. *
     6,200       229  
Alkermes, Inc. *
     8,500       97  
Allergan, Inc.
     26,468       1,009  
Alnylam Pharmaceuticals, Inc. *
     7,400       156  
Amgen, Inc. *
     103,268       5,664  

14

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Amicus Therapeutics, Inc. *
     500       4  
Amylin Pharmaceuticals, Inc. *
     12,400       143  
Aphton Corp. *
     800       —  
Arena Pharmaceuticals, Inc. *
     800       3  
ArQule, Inc. *
     8,800       35  
Bio-Rad Laboratories, Inc., Class A *
     3,000       191  
BioCryst Pharmaceuticals, Inc. *
     1,400       3  
Biogen Idec, Inc. *
     28,125       1,368  
BioMarin Pharmaceuticals, Inc. *
     7,300       141  
Bristol-Myers Squibb Co.
     177,250       3,795  
Bruker Corp. *
     2,100       8  
Caliper Life Sciences, Inc. *
     700       1  
Cambrex Corp. *
     8,900       29  
Caraco Pharmaceutical Laboratories Ltd. *
     2,000       9  
Celera Corp. *
     9,600       81  
Celgene Corp. *
     44,091       2,335  
Cephalon, Inc. *
     6,000       463  
Charles River Laboratories International, Inc. *
     6,416       157  
Clinical Data, Inc. *
     175       1  
Cougar Biotechnology, Inc. *
     1,000       29  
Covance, Inc. *
     5,800       224  
Cubist Pharmaceuticals, Inc. *
     8,900       191  
CV Therapeutics, Inc. *
     5,500       86  
Cypress Bioscience, Inc. *
     4,000       34  
Dendreon Corp. *
     1,400       5  
Dionex Corp. *
     5,200       263  
Durect Corp. *
     2,000       6  
Dyax Corp. *
     2,000       7  
Eli Lilly & Co.
     106,400       3,918  
Emergent Biosolutions, Inc. *
     4,000       88  
Endo Pharmaceuticals Holdings, Inc. *
     10,500       236  
Enzo Biochem, Inc. *
     5,781       28  
Enzon Pharmaceuticals, Inc. *
     8,900       58  
eResearch Technology, Inc. *
     5,625       33  
Exelixis, Inc. *
     7,300       36  
Facet Biotech Corp. *
     1,900       12  
Forest Laboratories, Inc. *
     27,500       689  
Genentech, Inc. *
     95,300       7,742  
Genzyme Corp. *
     24,732       1,704  
Geron Corp. *
     1,000       8  
Gilead Sciences, Inc. *
     84,840       4,307  
GTx, Inc. *
     3,000       33  
Harvard Bioscience, Inc. *
     500       1  
Human Genome Sciences, Inc. *
     5,100       9  
Illumina, Inc. *
     9,200       252  
ImmunoGen, Inc. *
     1,500       6  
Impax Laboratories, Inc. *
     1,600       7  
Incyte Corp. *
     2,600       8  
Indevus Pharmaceuticals, Inc. *
     1,800       10  
Inspire Pharmaceuticals, Inc. *
     1,300       5  
InterMune, Inc. *
     1,100       13  
Isis Pharmaceuticals, Inc. *
     7,300       103  
Johnson & Johnson
     251,370       14,501  
Kendle International, Inc. *
     2,700       52  
King Pharmaceuticals, Inc. *
     22,516       197  
Lexicon Pharmaceuticals, Inc. *
     6,900       8  
Life Technologies Corp. *
     14,562       371  
Ligand Pharmaceuticals, Inc., Class B *
     2,689       6  
Luminex Corp. *
     7,800       159  
MAP Pharmaceuticals, Inc. *
     500       5  
Martek Biosciences Corp. *
     3,000       79  
Matrixx Initiatives, Inc. *
     2,700       47  
Maxygen, Inc. *
     6,500       56  
Medarex, Inc. *
     15,600       93  
Medicis Pharmaceutical Corp., Class A
     5,900       82  
Merck & Co., Inc.
     194,552       5,554  
Millipore Corp. *
     5,100       281  
Momenta Pharmaceuticals, Inc. *
     4,000       43  
Mylan, Inc. *
     25,500       289  
Myriad Genetics, Inc. *
     7,400       552  
Nabi Biopharmaceuticals *
     2,800       12  
Nektar Therapeutics *
     2,200       9  
Neurocrine Biosciences, Inc. *
     1,400       5  
Noven Pharmaceuticals, Inc. *
     5,800       58  
NPS Pharmacuticals, Inc. *
     1,000       6  
Onyx Pharmaceuticals, Inc. *
     4,500       137  
OSI Pharmaceuticals, Inc. *
     4,998       178  
Pain Therapeutics, Inc. *
     7,400       49  
Par Pharmaceutical Cos., Inc. *
     5,900       73  
PAREXEL International Corp. *
     4,800       47  
PDL BioPharma, Inc.
     9,500       61  
PerkinElmer, Inc.
     11,477       145  
Perrigo Co.
     7,300       214  
Pfizer, Inc.
     610,192       8,897  
Pharmaceutical Product Development, Inc.
     10,000       239  
Pharmanet Development Group, Inc. *
     8,500       11  
POZEN, Inc. *
     1,300       9  
Regeneron Pharmaceuticals, Inc. *
     9,200       161  
Salix Pharmaceuticals Ltd. *
     4,000       32  
Sangamo BioSciences, Inc. *
     1,200       5  
Savient Pharmaceuticals, Inc. *
     2,300       13  
Schering-Plough Corp.
     144,750       2,542  
Sepracor, Inc. *
     9,100       138  
Sucampo Pharmaceuticals, Inc., Class A *
     1,500       7  
SuperGen, Inc. *
     900       2  
Synta Pharmaceuticals Corp. *
     4,000       35  
Techne Corp.
     3,800       228  
Teva Pharmaceutical Industries Ltd. ADR
     5,507       228  
The Medicines Co. *
     8,300       106  
Thermo Fisher Scientific, Inc. *
     37,302       1,340  
United Therapeutics Corp. *
     3,000       204  
Valeant Pharmaceuticals International *
     7,900       171  
Varian, Inc. *
     5,800       161  
Vertex Pharmaceuticals, Inc. *
     12,644       418  

15

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Vical, Inc. *
     1,600       3  
ViroPharma, Inc. *
     10,000       120  
VIVUS, Inc. *
     4,000       20  
Warner Chilcott Ltd., Class A *
     24,500       337  
Waters Corp. *
     8,700       315  
Watson Pharmaceuticals, Inc. *
     7,732       211  
Wyeth
     119,400       5,131  
XenoPort, Inc. *
     2,500       65  
ZymoGenetics, Inc. *
     2,000       8  
 
                
 
             88,502  
 
                
Real Estate 1.5%
                
Alexander’s, Inc.
     700       135  
Alexandria Real Estate Equities, Inc.
     2,500       148  
AMB Property Corp.
     11,300       182  
American Land Lease, Inc.
     1,700       23  
American Realty Investors, Inc. *
     1,537       13  
Annaly Capital Management, Inc.
     47,400       718  
Anthracite Capital, Inc.
     4,900       8  
Anworth Mortgage Asset Corp.
     1,000       6  
Apartment Investment & Management Co., Class A
     10,711       95  
AvalonBay Communities, Inc.
     8,600       446  
Avatar Holdings, Inc. *
     2,500       65  
BioMed Realty Trust, Inc.
     7,000       77  
Boston Properties, Inc.
     13,400       580  
Brandywine Realty Trust
     7,363       44  
BRE Properties, Inc.
     5,000       127  
Brookfield Properties Corp.
     35,200       190  
Camden Property Trust
     4,800       126  
Capstead Mortgage Corp.
     6,240       67  
CB Richard Ellis Group, Inc., Class A *
     17,500       63  
CBL & Associates Properties, Inc.
     4,400       18  
Colonial Properties Trust
     2,567       19  
Consolidated-Tomoka Land Co.
     900       26  
Corporate Office Properties Trust
     3,500       92  
Cousins Properties, Inc.
     5,200       50  
DCT Industrial Trust, Inc.
     14,500       53  
Developers Diversified Realty Corp.
     10,112       48  
Digital Realty Trust, Inc.
     7,000       223  
Douglas Emmett, Inc.
     9,000       84  
Duke Realty Corp.
     12,990       120  
EastGroup Properties, Inc.
     900       27  
Entertainment Properties Trust
     2,200       50  
Equity Lifestyle Properties, Inc.
     3,000       113  
Equity One, Inc.
     6,600       94  
Equity Residential
     24,700       591  
Essex Property Trust, Inc.
     3,600       238  
Extra Space Storage, Inc.
     7,500       61  
Federal Realty Investment Trust
     5,200       263  
FelCor Lodging Trust, Inc.
     5,700       8  
First Industrial Realty Trust, Inc.
     2,600       14  
Forest City Enterprises, Inc., Class A
     10,400       70  
Forestar Group, Inc. *
     2,933       33  
Franklin Street Properties Corp.
     6,500       74  
Getty Realty Corp.
     2,000       41  
Glimcher Realty Trust
     3,800       7  
Gramercy Capital Corp.
     1,028       1  
Hatteras Financial Corp.
     4,000       99  
HCP, Inc.
     22,648       529  
Health Care REIT, Inc.
     9,700       367  
Healthcare Realty Trust, Inc.
     4,900       81  
Highwoods Properties, Inc.
     5,600       126  
Home Properties, Inc.
     2,500       90  
Hospitality Properties Trust
     8,500       114  
Host Hotels & Resorts, Inc.
     45,254       243  
HRPT Properties Trust
     19,000       60  
Inland Real Estate Corp.
     5,500       54  
Investors Real Estate Trust
     5,000       50  
iStar Financial, Inc.
     9,390       10  
Jones Lang LaSalle, Inc.
     2,300       54  
Kilroy Realty Corp.
     1,800       41  
Kimco Realty Corp.
     23,195       334  
LaSalle Hotel Properties
     3,500       29  
Lexington Realty Trust
     3,000       13  
Liberty Property Trust
     8,300       166  
LTC Properties, Inc.
     2,800       58  
Mack-Cali Realty Corp.
     5,900       120  
Maguire Properties, Inc. *
     3,000       6  
Maui Land & Pineapple Co., Inc. *
     800       7  
MFA Financial, Inc.
     17,500       100  
Mid-America Apartment Communities, Inc.
     2,500       74  
National Health Investors, Inc.
     3,100       81  
National Retail Properties, Inc.
     7,320       106  
Nationwide Health Properties, Inc.
     8,100       207  
New Century Financial Corp. (a)(d)*
     3,600       —  
OMEGA Healthcare Investors, Inc.
     6,784       99  
Parkway Properties, Inc.
     500       7  
Pennsylvania Real Estate Investment Trust
     2,500       11  
Plum Creek Timber Co., Inc.
     15,047       463  
PMC Commercial Trust
     1,500       11  
Post Properties, Inc.
     2,200       29  
Potlatch Corp.
     2,753       69  
ProLogis
     23,854       239  
PS Business Parks, Inc.
     3,000       129  
Public Storage
     14,590       903  
RAIT Financial Trust
     3,300       6  
Ramco-Gershenson Properties Trust
     1,400       7  
Rayonier, Inc.
     7,388       217  
Realty Income Corp.
     8,600       166  
Redwood Trust, Inc.
     2,500       32  
Regency Centers Corp.
     5,700       201  
Reis, Inc. *
     1,400       7  
Saul Centers, Inc.
     2,100       69  
Senior Housing Properties Trust
     7,450       121  
SL Green Realty Corp.
     4,750       75  
Sovran Self Storage, Inc.
     800       21  
Sun Communities, Inc.
     3,000       36  

16

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Tanger Factory Outlet Centers, Inc.
     1,600       48  
Taubman Centers, Inc.
     4,100       81  
Tejon Ranch Co. *
     674       15  
The Macerich Co.
     5,200       77  
The St. Joe Co. *
     9,300       224  
UDR, Inc.
     11,900       140  
UMH Properties, Inc.
     1,600       10  
Universal Health Realty Income Trust
     900       28  
Urstadt Biddle Properties
     500       7  
Urstadt Biddle Properties, Class A
     1,000       15  
Ventas, Inc.
     12,800       357  
Vornado Realty Trust
     16,000       813  
Washington Real Estate Investment Trust
     3,100       74  
Weingarten Realty Investors
     7,975       129  
 
                
 
             13,686  
 
                
Retailing 2.9%
                
99 Cents Only Stores *
     3,066       26  
Aaron Rents, Inc.
     6,250       137  
Aaron Rents, Inc., Class A
     2,175       38  
Abercrombie & Fitch Co., Class A
     5,800       104  
Advance Auto Parts, Inc.
     9,540       312  
Aeropostale, Inc. *
     6,600       139  
Amazon.com, Inc. *
     41,700       2,453  
America’s Car-Mart, Inc. *
     3,750       34  
American Eagle Outfitters, Inc.
     18,150       164  
AnnTaylor Stores Corp. *
     9,825       48  
Asbury Automotive Group, Inc.
     4,100       15  
Audiovox Corp., Class A *
     1,600       7  
AutoNation, Inc. *
     21,600       200  
AutoZone, Inc. *
     6,100       811  
Barnes & Noble, Inc.
     7,400       122  
Bed Bath & Beyond, Inc. *
     23,700       551  
Best Buy Co., Inc.
     39,225       1,099  
Big Lots, Inc. *
     11,100       149  
Blockbuster, Inc., Class A *
     15,300       20  
Brown Shoe Co., Inc.
     6,675       31  
Cabela’s, Inc. *
     3,500       20  
CarMax, Inc. *
     17,046       141  
Charlotte Russe Holding, Inc. *
     2,500       13  
Charming Shoppes, Inc. *
     10,200       11  
Chico’s FAS, Inc. *
     13,300       53  
Christopher & Banks Corp.
     2,900       11  
Coldwater Creek, Inc. *
     8,502       24  
Collective Brands, Inc. *
     5,906       63  
Destination Maternity Corp. *
     2,500       21  
Dick’s Sporting Goods, Inc. *
     11,000       121  
Dillard’s, Inc., Class A
     5,500       24  
Dollar Tree, Inc. *
     8,650       369  
DSW, Inc., Class A *
     3,500       35  
Duckwall-ALCO Stores, Inc. *
     1,800       16  
Expedia, Inc. *
     31,345       280  
Family Dollar Stores, Inc.
     12,700       353  
Foot Locker, Inc.
     14,100       104  
GameStop Corp., Class A *
     12,048       299  
Genesco, Inc. *
     4,300       66  
Genuine Parts Co.
     13,500       432  
Group 1 Automotive, Inc.
     1,400       14  
Guess?, Inc.
     7,900       127  
Hibbett Sports, Inc. *
     3,543       48  
Hollywood Media Corp. *
     1,100       1  
HSN, Inc. *
     6,269       30  
J. Crew Group, Inc. *
     5,500       55  
J.C. Penney Co., Inc.
     27,400       459  
Kohl’s Corp. *
     28,300       1,039  
Liberty Media Corp. — Interactive Class A *
     55,809       175  
Limited Brands, Inc.
     31,520       250  
Lithia Motors, Inc., Class A
     700       2  
Lowe’s Cos., Inc.
     130,500       2,384  
Macy’s, Inc.
     42,952       384  
MarineMax, Inc. *
     800       1  
Midas, Inc. *
     6,800       60  
Monro Muffler Brake, Inc.
     1,575       38  
Netflix, Inc. *
     6,000       217  
Nordstrom, Inc.
     20,600       261  
O’Reilly Automotive, Inc. *
     5,899       172  
Office Depot, Inc. *
     26,000       56  
OfficeMax, Inc.
     6,400       35  
Pacific Sunwear of California, Inc. *
     7,475       9  
Penske Auto Group, Inc.
     2,000       15  
PetSmart, Inc.
     11,100       208  
Pomeroy IT Solutions, Inc. *
     2,100       6  
Priceline.com, Inc. *
     3,983       267  
RadioShack Corp.
     10,700       123  
Rent-A-Center, Inc. *
     7,750       115  
Retail Ventures, Inc. *
     5,000       12  
REX Stores Corp. *
     1,875       11  
Ross Stores, Inc.
     13,400       394  
Saks, Inc. *
     10,800       27  
Sally Beauty Holdings, Inc. *
     6,950       33  
Sears Holdings Corp. *
     12,885       527  
Shoe Carnival, Inc. *
     1,200       9  
Sonic Automotive, Inc., Class A
     1,400       3  
Stage Stores, Inc.
     2,700       19  
Staples, Inc.
     61,800       985  
Stein Mart, Inc. *
     3,800       4  
Systemax, Inc.
     2,500       25  
Target Corp.
     69,800       2,178  
The Buckle, Inc.
     7,875       167  
The Cato Corp., Class A
     4,300       57  
The Children’s Place Retail Stores, Inc. *
     1,800       34  
The Dress Barn, Inc. *
     6,000       52  
The Finish Line, Inc., Class A
     5,061       24  
The Gap, Inc.
     73,900       834  
The Gymboree Corp. *
     2,500       61  
The Home Depot, Inc.
     151,070       3,253  
The Men’s Wearhouse, Inc.
     3,600       42  
The Pep Boys — Manny, Moe & Jack
     5,000       14  
The Sherwin-Williams Co.
     13,000       621  
The Talbots, Inc.
     5,700       12  

17

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The TJX Cos., Inc.
     40,400       785  
The Wet Seal, Inc., Class A *
     6,000       16  
Ticketmaster Entertainment, Inc. *
     6,269       37  
Tiffany & Co.
     11,500       239  
Tractor Supply Co. *
     4,000       135  
Trans World Entertainment Corp. *
     1,500       1  
TravelCenters of America LLC *
     600       1  
Tuesday Morning Corp. *
     2,500       3  
Tween Brands, Inc. *
     1,742       5  
Ulta Salon, Cosmetics & Fragrance, Inc. *
     4,000       23  
Urban Outfitters, Inc. *
     12,800       199  
West Marine, Inc. *
     2,500       13  
Williams-Sonoma, Inc.
     9,200       73  
Winmark Corp. *
     1,200       12  
Zale Corp. *
     5,020       6  
 
                
 
             26,413  
 
                
Semiconductors & Semiconductor Equipment 2.0%
                
Actel Corp. *
     1,100       10  
Advanced Energy Industries, Inc. *
     3,900       35  
Advanced Micro Devices, Inc. *
     34,200       75  
Altera Corp.
     30,400       468  
Amkor Technology, Inc. *
     14,400       33  
ANADIGICS, Inc. *
     1,150       2  
Analog Devices, Inc.
     30,200       603  
Applied Materials, Inc.
     139,098       1,303  
Atmel Corp. *
     37,900       127  
ATMI, Inc. *
     1,400       19  
Broadcom Corp., Class A *
     46,700       740  
Brooks Automation, Inc. *
     5,585       26  
Cabot Microelectronics Corp. *
     660       15  
CEVA, Inc. *
     433       3  
Cirrus Logic, Inc. *
     3,800       11  
Cohu, Inc.
     1,100       11  
Cree, Inc. *
     6,000       120  
Cymer, Inc. *
     4,200       86  
Cypress Semiconductor Corp. *
     8,500       38  
Diodes, Inc. *
     6,412       42  
DSP Group, Inc. *
     3,300       21  
EMCORE Corp. *
     1,500       2  
Entegris, Inc. *
     14,299       20  
Exar Corp. *
     3,834       26  
Fairchild Semiconductor International, Inc. *
     8,600       39  
FEI Co. *
     1,500       27  
FormFactor, Inc. *
     2,500       39  
hi/fn, Inc. *
     800       3  
Integrated Device Technology, Inc. *
     16,120       93  
Integrated Silicon Solution, Inc. *
     3,038       5  
Intel Corp.
     515,832       6,654  
International Rectifier Corp. *
     6,600       90  
Intersil Corp., Class A
     12,364       115  
IXYS Corp.
     900       6  
KLA-Tencor Corp.
     15,000       301  
Kopin Corp. *
     2,500       4  
Kulicke & Soffa Industries, Inc. *
     4,400       7  
Lam Research Corp. *
     11,600       234  
Lattice Semiconductor Corp. *
     4,600       7  
Linear Technology Corp.
     25,000       585  
LSI Corp. *
     62,387       198  
Marvell Technology Group Ltd. *
     32,400       236  
MEMC Electronic Materials, Inc. *
     21,300       290  
Micrel, Inc.
     6,800       52  
Microchip Technology, Inc.
     16,475       313  
Micron Technology, Inc. *
     52,699       196  
Microsemi Corp. *
     7,652       64  
MIPS Technologies, Inc. *
     1,100       2  
MKS Instruments, Inc. *
     4,300       60  
MoSys, Inc. *
     1,200       2  
Nanometrics, Inc. *
     300       —  
National Semiconductor Corp.
     29,200       296  
Novellus Systems, Inc. *
     11,171       154  
NVIDIA Corp. *
     51,000       405  
OmniVision Technologies, Inc. *
     4,800       32  
ON Semiconductor Corp. *
     29,165       122  
Pericom Semiconductor Corp. *
     600       4  
Photronics, Inc. *
     9,400       15  
PLX Technology, Inc. *
     1,300       2  
PMC-Sierra, Inc. *
     8,800       43  
Rambus, Inc. *
     8,200       74  
RF Micro Devices, Inc. *
     16,020       17  
Rudolph Technologies, Inc. *
     1,318       4  
Semitool, Inc. *
     4,300       12  
Semtech Corp. *
     6,000       70  
Silicon Image, Inc. *
     6,500       24  
Silicon Laboratories, Inc. *
     5,000       115  
Silicon Storage Technology, Inc. *
     7,000       14  
SiRF Technology Holdings, Inc. *
     3,500       4  
Skyworks Solutions, Inc. *
     5,689       25  
Standard Microsystems Corp. *
     3,600       50  
Supertex, Inc. *
     1,400       32  
Techwell, Inc. *
     2,500       14  
Teradyne, Inc. *
     15,559       75  
Tessera Technologies, Inc. *
     3,000       35  
Texas Instruments, Inc.
     143,397       2,144  
Three-Five Systems, Inc. *
     1,099       —  
Trident Microsystems, Inc. *
     5,000       8  
TriQuint Semiconductor, Inc. *
     5,310       11  
Ultratech, Inc. *
     1,300       15  
Varian Semiconductor Equipment Associates, Inc. *
     7,875       150  
Veeco Instruments, Inc. *
     3,500       17  
Virage Logic Corp. *
     1,400       4  
Xilinx, Inc.
     27,600       465  
Zoran Corp. *
     4,261       25  
 
                
 
             17,935  
 
                
Software & Services 7.3%
                
Accenture Ltd., Class A
     72,000       2,272  
ACI Worldwide, Inc. *
     5,200       88  
Activision Blizzard, Inc. *
     110,732       970  
Actuate Corp. *
     5,862       21  
Acxiom Corp.
     13,300       127  
Adobe Systems, Inc. *
     46,210       892  

18

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Advent Software, Inc. *
     4,100       90  
Affiliated Computer Services, Inc., Class A *
     9,900       454  
Akamai Technologies, Inc. *
     12,138       164  
Alliance Data Systems Corp. *
     6,600       275  
ANSYS, Inc. *
     8,786       218  
Ariba, Inc. *
     11,570       88  
Aspen Technology, Inc. *
     8,500       57  
Autodesk, Inc. *
     16,800       278  
Automatic Data Processing, Inc.
     48,100       1,747  
Blackbaud, Inc.
     3,000       33  
BMC Software, Inc. *
     29,000       735  
Bottomline Technologies, Inc. *
     5,000       33  
Broadridge Financial Solutions, Inc.
     12,025       162  
CA, Inc.
     47,508       855  
CACI International, Inc., Class A *
     2,100       95  
Cadence Design Systems, Inc. *
     22,600       85  
Catapult Communications Corp. *
     1,600       11  
Chordiant Software, Inc. *
     440       1  
CIBER, Inc. *
     7,300       32  
Citrix Systems, Inc. *
     20,000       421  
Cognizant Technology Solutions Corp., Class A *
     21,200       397  
Computer Sciences Corp. *
     16,238       598  
Compuware Corp. *
     27,900       181  
Convergys Corp. *
     10,500       79  
CSG Systems International, Inc. *
     5,400       78  
CyberSource Corp. *
     5,457       65  
DealerTrack Holdings, Inc. *
     3,100       35  
Digimarc Corp. *
     2,142       20  
Digital River, Inc. *
     2,100       52  
DST Systems, Inc. *
     8,100       257  
Dynamics Research Corp. *
     1,200       8  
EarthLink, Inc. *
     17,050       128  
eBay, Inc. *
     110,848       1,332  
Edgewater Technology, Inc. *
     767       2  
Electronic Arts, Inc. *
     25,200       389  
eLoyalty Corp. *
     190       1  
Entrust, Inc. *
     11,300       17  
Epicor Software Corp. *
     4,000       14  
EPIQ Systems, Inc. *
     825       15  
Equinix, Inc. *
     2,565       137  
Euronet Worldwide, Inc. *
     2,500       25  
Exlservice Holdings, Inc. *
     5,000       40  
FactSet Research Systems, Inc.
     3,750       149  
Fair Isaac Corp.
     7,744       98  
FalconStor Software, Inc. *
     1,200       4  
Fidelity National Information Services, Inc.
     16,314       260  
Fiserv, Inc. *
     15,300       486  
Forrester Research, Inc. *
     4,100       86  
Gartner, Inc. *
     10,300       146  
Global Payments, Inc.
     6,240       217  
Google, Inc., Class A *
     27,900       9,445  
GSE Systems, Inc. *
     424       3  
Hackett Group, Inc. *
     1,700       5  
Hewitt Associates, Inc., Class A *
     9,425       268  
IAC/InterActiveCorp *
     15,672       230  
iGATE Corp. *
     9,600       39  
infoGROUP, Inc.
     4,800       18  
Informatica Corp. *
     6,700       86  
InfoSpace, Inc. *
     3,872       31  
Interactive Intelligence, Inc. *
     4,000       28  
Internet Capital Group, Inc. *
     350       2  
Interwoven, Inc. *
     5,925       93  
Intuit, Inc. *
     33,430       757  
j2 Global Communications, Inc. *
     4,000       78  
Jack Henry & Associates, Inc.
     6,300       112  
JDA Software Group, Inc. *
     4,500       50  
Kana Software, Inc. *
     528       —  
Lawson Software, Inc. *
     14,500       61  
Lender Processing Services, Inc.
     8,157       211  
LookSmart, Ltd. *
     480       1  
Macrovision Solutions Corp. *
     12,812       168  
Magma Design Automation, Inc. *
     7,200       8  
Manhattan Associates, Inc. *
     4,300       66  
ManTech International Corp., Class A *
     5,000       268  
Mastech Holdings, Inc. *
     640       1  
MasterCard, Inc., Class A
     12,000       1,629  
MAXIMUS, Inc.
     4,200       156  
McAfee, Inc. *
     14,445       440  
Mentor Graphics Corp. *
     8,200       38  
Metavante Technologies, Inc. *
     7,550       110  
MICROS Systems, Inc. *
     22,000       317  
Microsoft Corp.
     830,850       14,208  
MicroStrategy, Inc., Class A *
     856       33  
ModusLink Global Solutions, Inc. *
     3,950       9  
MoneyGram International, Inc. *
     7,500       12  
Move, Inc. *
     5,020       9  
MSC.Software Corp. *
     1,800       11  
NetScout Systems, Inc. *
     7,300       104  
NeuStar, Inc., Class A *
     6,300       86  
Novell, Inc. *
     25,600       95  
Nuance Communications, Inc. *
     1,974       19  
NYFIX, Inc. *
     750       1  
Omniture, Inc. *
     5,000       45  
Openwave Systems, Inc. *
     7,771       6  
OPNET Technologies, Inc. *
     3,600       30  
Oracle Corp. *
     449,449       7,564  
Parametric Technology Corp. *
     8,680       78  
Paychex, Inc.
     32,400       787  
Perot Systems Corp., Class A *
     9,100       118  
Phoenix Technologies Ltd. *
     4,100       11  
PLATO Learning, Inc. *
     1,433       2  
Progress Software Corp. *
     4,200       72  
Quality Systems, Inc.
     2,000       75  
Quest Software, Inc. *
     7,700       96  
Radiant Systems, Inc. *
     3,800       13  
RealNetworks, Inc. *
     18,900       53  
Red Hat, Inc. *
     14,600       214  
Renaissance Learning, Inc.
     2,100       15  
S1 Corp. *
     12,930       86  
Saba Software, Inc. *
     3,849       6  
SAIC, Inc. *
     9,500       188  

19

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Salesforce.com, Inc. *
     8,500       226  
Sapient Corp. *
     9,100       39  
SAVVIS, Inc. *
     4,000       26  
Soapstone Networks, Inc. *
     375       1  
Solera Holdings, Inc. *
     5,000       120  
SonicWALL, Inc. *
     7,400       26  
SourceForge, Inc. *
     4,527       5  
SPSS, Inc. *
     3,200       82  
SRA International, Inc., Class A *
     5,000       82  
StarTek, Inc. *
     3,900       18  
SumTotal Systems, Inc. *
     463       1  
SupportSoft, Inc. *
     11,600       22  
Sybase, Inc. *
     19,036       520  
Symantec Corp. *
     93,673       1,436  
Symyx Technologies, Inc. *
     3,800       18  
Synopsys, Inc. *
     13,684       253  
Syntel, Inc.
     2,500       54  
Take-Two Interactive Software, Inc. *
     6,000       42  
TeleCommunication Systems, Inc., Class A *
     1,300       9  
TeleTech Holdings, Inc. *
     5,000       40  
THQ, Inc. *
     5,425       21  
TIBCO Software, Inc. *
     16,000       86  
TiVo, Inc. *
     4,500       32  
Total System Services, Inc.
     28,204       357  
United Online, Inc.
     8,650       53  
USinternetworking, Inc. (d)*
     1,100       —  
ValueClick, Inc. *
     8,500       53  
VeriFone Holdings, Inc. *
     6,600       31  
VeriSign, Inc. *
     20,875       403  
Vignette Corp. *
     3,394       24  
Visa, Inc., Class A
     80,000       3,948  
VMware, Inc., Class A *
     38,000       787  
Web.com Group, Inc. *
     223       1  
WebMD Health Corp., Class A *
     5,600       131  
Websense, Inc. *
     7,500       84  
Western Union Co.
     62,932       860  
Wind River Systems, Inc. *
     10,060       80  
Yahoo!, Inc. *
     111,144       1,304  
 
                
 
             65,560  
 
                
Technology Hardware & Equipment 6.6%
                
3Com Corp. *
     17,900       42  
Adaptec, Inc. *
     5,700       16  
ADC Telecommunications, Inc. *
     9,431       48  
ADTRAN, Inc.
     7,000       106  
Agilent Technologies, Inc. *
     39,317       711  
Agilysys, Inc.
     1,360       5  
Amphenol Corp., Class A
     17,600       460  
Anaren, Inc. *
     3,300       39  
Anixter International, Inc. *
     3,300       89  
Apple, Inc. *
     80,000       7,210  
Arris Group, Inc. *
     5,775       41  
Arrow Electronics, Inc. *
     12,000       229  
Avid Technology, Inc. *
     3,756       38  
Avnet, Inc. *
     11,288       224  
Avocent Corp. *
     3,963       57  
AVX Corp.
     14,000       128  
Aware, Inc. *
     1,100       2  
Bel Fuse, Inc., Class A
     1,200       17  
Bell Microproducts, Inc. *
     1,000       1  
Benchmark Electronics, Inc. *
     4,830       57  
Black Box Corp.
     1,700       37  
Blue Coat Systems, Inc. *
     680       7  
Brightpoint, Inc. *
     4,454       21  
Brocade Communications Systems, Inc. *
     32,535       124  
Checkpoint Systems, Inc. *
     4,600       41  
Ciena Corp. *
     2,470       15  
Cisco Systems, Inc. *
     541,909       8,112  
Cogent, Inc. *
     7,500       87  
Cognex Corp.
     2,900       38  
Coherent, Inc. *
     1,300       23  
Comarco, Inc. *
     500       —  
CommScope, Inc. *
     5,323       77  
Comtech Telecommunications Corp. *
     2,175       84  
Corning, Inc.
     146,807       1,484  
Cosine Communications, Inc. *
     730       1  
CPI International, Inc. *
     6,000       46  
CTS Corp.
     5,800       30  
Daktronics, Inc.
     5,200       45  
Data Domain, Inc. *
     4,500       59  
DDi Corp. *
     1       —  
Dell, Inc. *
     189,400       1,799  
Diebold, Inc.
     5,300       131  
Dolby Laboratories, Inc., Class A *
     8,800       225  
Echelon Corp. *
     3,700       27  
EchoStar Corp., Class A *
     7,540       114  
Electro Rent Corp.
     5,100       54  
Electro Scientific Industries, Inc. *
     1,300       8  
Electronics for Imaging, Inc. *
     3,400       30  
EMC Corp. *
     199,686       2,205  
EMS Technologies, Inc. *
     1,000       24  
Emulex Corp. *
     5,900       34  
Extreme Networks, Inc. *
     9,000       16  
F5 Networks, Inc. *
     6,600       146  
FLIR Systems, Inc. *
     9,600       240  
Frequency Electronics, Inc. *
     500       2  
Gerber Scientific, Inc. *
     5,400       17  
Harmonic, Inc. *
     6,342       33  
Harris Corp.
     14,000       606  
Harris Stratex Networks, Inc., Class A *
     700       5  
Hewlett-Packard Co.
     234,636       8,154  
Hutchinson Technology, Inc. *
     2,500       8  
I.D. Systems, Inc. *
     5,500       21  
Imation Corp.
     2,000       19  
Immersion Corp. *
     800       4  
Infinera Corp. *
     7,500       51  
Ingram Micro, Inc., Class A *
     13,400       164  
Insight Enterprises, Inc. *
     4,650       24  
Intelli-Check-Mobilisa, Inc. *
     500       1  
InterDigital, Inc. *
     4,500       145  
Intermec, Inc. *
     5,600       70  
International Business Machines Corp.
     126,510       11,595  

20

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Itron, Inc. *
     2,500       163  
Ixia *
     5,200       28  
Jabil Circuit, Inc.
     15,400       90  
JDS Uniphase Corp. *
     17,553       64  
Juniper Networks, Inc. *
     40,565       574  
Keithley Instruments, Inc.
     3,200       11  
L-1 Identity Solutions, Inc. *
     756       5  
LaserCard Corp. *
     1,000       3  
LeCroy Corp. *
     900       2  
Lexmark International, Inc., Class A *
     10,900       258  
LightPath Technologies, Inc. *
     75       —  
Littelfuse, Inc. *
     2,000       31  
Maxwell Technologies, Inc. *
     1,000       5  
Measurement Specialties, Inc. *
     700       4  
Mercury Computer Systems, Inc. *
     3,600       21  
Merrimac Industries, Inc. *
     600       1  
Methode Electronics, Inc.
     3,600       17  
Mettler-Toledo International, Inc. *
     3,200       213  
MOCON, Inc.
     600       5  
Molex, Inc.
     16,125       216  
Motorola, Inc.
     195,955       868  
MTS Systems Corp.
     4,500       118  
Multi-Fineline Electronix, Inc. *
     2,500       46  
National Instruments Corp.
     5,675       122  
NCR Corp. *
     23,800       299  
NetApp, Inc. *
     27,500       408  
NETGEAR, Inc. *
     3,000       33  
Network Equipment Technologies, Inc. *
     5,000       16  
Newport Corp. *
     4,200       22  
Oplink Communications, Inc. *
     657       5  
OSI Systems, Inc. *
     3,700       54  
Palm, Inc. *
     8,638       66  
Park Electrochemical Corp.
     3,600       63  
ParkerVision, Inc. *
     400       1  
PC Connection, Inc. *
     5,500       27  
PC-Tel, Inc.
     6,400       41  
Performance Technologies, Inc. *
     1,600       5  
Plantronics, Inc.
     4,000       41  
Plexus Corp. *
     3,700       53  
Polycom, Inc. *
     9,200       129  
Presstek, Inc. *
     1,100       2  
QLogic Corp. *
     17,044       193  
QUALCOMM, Inc.
     155,100       5,359  
RadiSys Corp. *
     3,700       17  
Research Frontiers, Inc. *
     800       2  
Richardson Electronics Ltd.
     1,300       5  
Riverbed Technology, Inc. *
     5,500       56  
Rofin-Sinar Technologies, Inc. *
     3,800       64  
Rogers Corp. *
     2,500       61  
SanDisk Corp. *
     19,500       223  
ScanSource, Inc. *
     1,200       22  
SCM Microsystems, Inc. *
     1,200       3  
SeaChange International, Inc. *
     6,350       38  
Seagate Technology
     37,066       140  
Sonus Networks, Inc. *
     19,400       26  
Stratasys, Inc. *
     2,700       29  
Sun Microsystems, Inc. *
     62,057       258  
Sycamore Networks, Inc. *
     27,900       66  
Symmetricom, Inc. *
     8,450       31  
Synaptics, Inc. *
     5,250       124  
Tech Data Corp. *
     5,300       96  
Technitrol, Inc.
     4,000       9  
Tekelec *
     8,700       108  
Tellabs, Inc. *
     34,564       143  
Teradata Corp. *
     23,800       312  
TESSCO Technologies, Inc. *
     1,350       10  
Tollgrade Communications, Inc. *
     3,600       21  
Trimble Navigation Ltd. *
     11,792       175  
TTM Technologies, Inc. *
     4,400       27  
Tyco Electronics Ltd.
     38,525       545  
UTStarcom, Inc. *
     16,000       24  
ViaSat, Inc. *
     3,500       78  
Vishay Intertechnology, Inc. *
     36,688       109  
Western Digital Corp. *
     18,700       274  
Xerox Corp.
     69,700       463  
Xybernaut Corp. (a)(d)*
     1,400       —  
Zebra Technologies Corp., Class A *
     6,375       107  
Zygo Corp. *
     3,500       20  
 
                
 
             59,191  
 
                
Telecommunication Services 3.1%
                
Alaska Communication Systems Group, Inc.
     5,000       42  
American Tower Corp., Class A *
     33,800       1,026  
AT&T, Inc.
     540,056       13,296  
Atlantic Tele-Network, Inc.
     3,250       70  
Centennial Communications Corp. *
     8,000       65  
CenturyTel, Inc.
     13,500       366  
CIBL, Inc. (a)(d)*
     9       —  
Cincinnati Bell, Inc. *
     22,268       31  
Cogent Communications Group, Inc. *
     3,900       26  
Consolidated Communications Holdings, Inc.
     2,622       30  
Crown Castle International Corp. *
     27,776       542  
D&E Communications, Inc.
     5,500       38  
Embarq Corp.
     11,576       414  
FairPoint Communications, Inc.
     4,669       13  
Frontier Communications Corp.
     37,119       301  
General Communication, Inc., Class A *
     10,500       69  
HickoryTech Corp.
     4,600       27  
Iowa Telecommunications Services, Inc.
     2,500       32  
Leap Wireless International, Inc. *
     5,700       144  
Level 3 Communications, Inc. *
     93,000       93  
Lynch Interactive Corp. *
     9       25  
MetroPCS Communications, Inc. *
     30,000       408  
NII Holdings, Inc. *
     14,900       289  
NTELOS Holdings Corp.
     3,000       65  
PAETEC Holding Corp. *
     8,500       11  
Premiere Global Services, Inc. *
     5,100       49  

21

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Qwest Communications International, Inc.
     151,337       487  
SBA Communications Corp., Class A *
     9,300       185  
Shenandoah Telecommunications Co.
     2,500       61  
Sprint Nextel Corp. *
     236,530       575  
SureWest Communications
     5,500       56  
Syniverse Holdings, Inc. *
     10,400       141  
Telephone & Data Systems, Inc.
     10,600       323  
tw telecom, Inc. *
     14,000       107  
United States Cellular Corp. *
     6,100       256  
USA Mobility, Inc. *
     5,500       58  
Verizon Communications, Inc.
     253,572       7,574  
Warwick Valley Telephone Co.
     1,100       10  
Windstream Corp.
     31,624       275  
 
                
 
             27,580  
 
                
Transportation 1.9%
                
AirTran Holdings, Inc. *
     5,800       24  
Alaska Air Group, Inc. *
     1,900       50  
Alexander & Baldwin, Inc.
     3,400       75  
AMERCO *
     900       28  
AMR Corp. *
     25,200       150  
Arkansas Best Corp.
     1,100       26  
Atlas Air Worldwide Holdings, Inc. *
     3,000       44  
Burlington Northern Santa Fe Corp.
     30,300       2,007  
C.H. Robinson Worldwide, Inc.
     15,000       690  
Con-way, Inc.
     4,500       99  
Continental Airlines, Inc., Class B *
     10,000       135  
CSX Corp.
     36,700       1,063  
Delta Air Lines, Inc. *
     50,000       345  
Dollar Thrifty Automotive Group, Inc. *
     3,500       4  
Expeditors International of Washington, Inc.
     16,200       451  
FedEx Corp.
     29,063       1,480  
Forward Air Corp.
     2,600       53  
Genco Shipping & Trading Ltd.
     5,500       86  
Heartland Express, Inc.
     8,941       120  
Hertz Global Holdings, Inc. *
     26,000       132  
Horizon Lines, Inc., Class A
     5,200       18  
Hub Group, Inc., Class A *
     4,400       100  
J.B. Hunt Transport Services, Inc.
     13,000       289  
JetBlue Airways Corp. *
     23,462       132  
Kansas City Southern *
     7,550       137  
Kirby Corp. *
     5,600       134  
Knight Transportation, Inc.
     9,050       121  
Landstar System, Inc.
     15,200       545  
MAIR Holdings, Inc. (a)(d)*
     1,100       3  
Norfolk Southern Corp.
     34,500       1,323  
Old Dominion Freight Line, Inc. *
     4,050       102  
Pacer International, Inc.
     2,800       24  
Park-Ohio Holdings Corp. *
     2,600       10  
Pinnacle Airlines Corp. *
     7,500       15  
Quixote Corp.
     1,300       5  
Republic Airways Holdings, Inc. *
     7,500       61  
Ryder System, Inc.
     6,400       216  
Saia, Inc. *
     6,100       65  
SkyWest, Inc.
     4,000       63  
Southwest Airlines Co.
     64,125       451  
UAL Corp. *
     10,600       100  
Union Pacific Corp.
     44,000       1,927  
United Parcel Service, Inc., Class B
     91,480       3,887  
US Airways Group, Inc. *
     5,900       33  
Werner Enterprises, Inc.
     5,832       87  
YRC Worldwide, Inc. *
     5,004       14  
 
                
 
             16,924  
 
                
Utilities 4.4%
                
AGL Resources, Inc.
     6,800       210  
Allegheny Energy, Inc.
     14,400       479  
ALLETE, Inc.
     5,233       163  
Alliant Energy Corp.
     11,800       340  
Ameren Corp.
     20,100       668  
American Electric Power Co., Inc.
     37,820       1,186  
American Water Works Co., Inc.
     20,000       424  
Aqua America, Inc.
     12,094       251  
Atmos Energy Corp.
     9,200       226  
Avista Corp.
     7,800       148  
Black Hills Corp.
     3,900       103  
Calpine Corp. *
     36,900       273  
CenterPoint Energy, Inc.
     29,100       389  
Central Vermont Public Services Corp.
     6,200       140  
CH Energy Group, Inc.
     1,900       96  
Cleco Corp.
     6,400       146  
CMS Energy Corp.
     19,900       234  
Consolidated Edison, Inc.
     23,500       958  
Constellation Energy Group, Inc.
     19,500       513  
Dominion Resources, Inc.
     53,480       1,881  
DPL, Inc.
     11,452       247  
DTE Energy Co.
     13,801       476  
Duke Energy Corp.
     113,556       1,720  
Dynegy, Inc., Class A *
     39,081       82  
Edison International
     37,710       1,228  
El Paso Electric Co. *
     5,300       88  
Energen Corp.
     5,200       152  
Entergy Corp.
     15,700       1,199  
Equitable Resources, Inc.
     12,800       438  
Exelon Corp.
     59,474       3,225  
FirstEnergy Corp.
     28,217       1,411  
Florida Public Utilities Co.
     1,599       17  
FPL Group, Inc.
     37,900       1,954  
Great Plains Energy, Inc.
     9,341       178  
Hawaiian Electric Industries, Inc.
     7,700       167  
IDACORP, Inc.
     4,200       122  
Integrys Energy Group, Inc.
     7,540       315  
MDU Resources Group, Inc.
     16,425       327  
MGE Energy, Inc.
     2,000       64  
Middlesex Water Co.
     3,000       50  
Mirant Corp. *
     17,700       304  
National Fuel Gas Co.
     8,800       264  
New Jersey Resources Corp.
     6,225       250  

22

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Nicor, Inc.
     3,000       103  
NiSource, Inc.
     22,864       221  
Northeast Utilities
     15,624       372  
Northwest Natural Gas Co.
     5,700       245  
NorthWestern Corp.
     7,100       172  
NRG Energy, Inc. *
     20,700       484  
NSTAR
     7,734       262  
NV Energy, Inc.
     20,476       220  
OGE Energy Corp.
     6,500       160  
ONEOK, Inc.
     12,900       377  
Ormat Technologies, Inc.
     2,800       87  
Pepco Holdings, Inc.
     16,800       299  
PG&E Corp.
     33,900       1,311  
Piedmont Natural Gas Co., Inc.
     6,300       163  
Pinnacle West Capital Corp.
     9,800       328  
PNM Resources, Inc.
     5,500       55  
Portland General Electric Co.
     5,200       101  
PPL Corp.
     32,500       996  
Progress Energy, Inc.
     25,159       974  
Public Service Enterprise Group, Inc.
     44,000       1,389  
Puget Energy, Inc.
     10,900       320  
Questar Corp.
     16,200       550  
Reliant Energy, Inc. *
     28,125       143  
SCANA Corp.
     10,405       357  
Sempra Energy
     21,675       950  
South Jersey Industries, Inc.
     2,500       93  
Southern Co.
     68,600       2,295  
Southwest Gas Corp.
     3,600       93  
Spectra Energy Partners L.P.
     2,000       40  
TECO Energy, Inc.
     23,700       285  
The AES Corp. *
     60,096       475  
The Laclede Group, Inc.
     3,300       150  
UGI Corp.
     10,700       271  
UIL Holdings Corp.
     3,166       84  
Unisource Energy Corp.
     3,800       107  
Unitil Corp.
     600       12  
Vectren Corp.
     5,766       149  
Westar Energy, Inc.
     8,200       165  
WGL Holdings, Inc.
     3,000       96  
Wisconsin Energy Corp.
     11,400       508  
Xcel Energy, Inc.
     39,195       723  
 
                
 
             39,291  
 
    
 
                
Total Common Stock
(Cost $1,088,358)		             875,969  
 
                
 
                
Foreign Common Stock 0.2% of net assets
                
 
                
Bermuda 0.2%
                
 
    
Capital Goods 0.0%
                
Aircastle Ltd.
     5,500       22  
Foster Wheeler Ltd. *
     10,400       208  
 
                
 
             230  
 
                
Consumer Services 0.0%
                
Orient-Express Hotels Ltd., Class A
     1,600       10  
 
                
Diversified Financials 0.1%
                
Invesco Ltd.
     35,000       413  
Lazard Ltd., Class A
     7,300       193  
 
                
 
             606  
 
                
Insurance 0.1%
                
Assured Guaranty Ltd.
     6,500       50  
Flagstone Reinsurance Holdings Ltd.
     7,500       63  
Platinum Underwriters Holdings, Ltd.
     4,500       125  
Validus Holdings Ltd.
     6,500       148  
 
                
 
             386  
 
                
Software & Services 0.0%
                
Genpact Ltd. *
     15,000       123  
Telecommunication Services 0.0%
                
Global Crossing Ltd. *
     4,600       28  
 
                
 
             1,383  
 
                
British Virgin Islands 0.0%
                
 
    
Transportation 0.0%
                
UTI Worldwide, Inc.
     4,300       47  
 
                
Singapore 0.0%
                
 
    
Semiconductors & Semiconductor Equipment 0.0%
                
Verigy Ltd. *
     4,813       40  
 
                
United Kingdom 0.0%
                
 
    
Insurance 0.0%
                
Willis Group Holdings Ltd.
     963       24  
 
                
Total Foreign Common Stock
(Cost $2,783)		             1,494  
 
                
 
                
Preferred Stock 0.1% of net assets
                
 
                
Health Care Equipment & Services 0.0%
                
 
    
Inverness Medical Innovations, Inc., Class B *
     152       23  
National Healthcare Corp., Series A *
     2,300       28  
 
                
 
             51  
 
                
Real Estate 0.1%
                
 
    
Simon Property Group, Inc.
     19,520       839  
 
                
Total Preferred Stock
(Cost $785)		             890  
 
                

23

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of     Value  
Security   Shares     ($ x 1,000)  
Rights 0.0% of net assets
                
 
                
Capital Goods 0.0%
                
Fresenius Kabi Pharmaceuticals Holding, Inc. — CVR *
     14,000       6  
 
              
Total Rights
(Cost $13)		             6  
 
              
                 
Security   Face Amount   Value
                          Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 2.0% of net assets
                
 
                
Commercial Paper & Other Obligations 1.7%
                
Citibank, London Time Deposit 0.07%, 02/02/09
     15,412       15,412  
 
                
U.S. Treasury Obligation 0.3%
                
U.S. Treasury Bill
                
(0.03)%, 03/26/09 (b)
     6       6  
(0.02)%, 03/26/09 (b)
     2,543       2,543  
0.00%, 03/26/09 (b)
     302       302  
 
                
 
             2,851  
 
                
Total Short-Term Investments
(Cost $18,263)		             18,263  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $1,109,268 and the unrealized appreciation and depreciation were $162,469 and ($375,115), respectively, with a net unrealized depreciation of ($212,646).
 
*   Non-income producing security.
 
(a)   Fair-valued by Management.
 
(b)   All or a portion of this security is held as collateral for open futures contracts.
 
(c)   Issuer is affiliated with the fund’s adviser.
 
(d)   Illiquid security. At the period end, the value of these amounted to $3 or 0.0% of net assets.
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses $
Futures Contracts
                        
 
                        
Russell 2000 Index, e-mini, Long, expires 03/20/09
     200       8,852       (201 )
S & P 500 Index, e-mini, Long, expires 03/20/09
     200       8,225       (503 )
 
                        
Net unrealized losses on futures
                     (704 )
 
                        

24

 

Schwab Total Stock Market Index Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 878,356  
Level 2 - Other Significant Observable Inputs
     18,263  
Level 3 - Significant Unobservable Inputs
     3  
 
      
Total
   $ 896,622  
 
      
 
*   Other financial instruments include future contracts of ($704).
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
         
    Investment in  
    Securities  
Balance as of 10/31/08
   $ 3  
Accrued discount/premiums
     —  
Realized gain (loss)
     —  
Change in unrealized appreciation (depreciation)
     1  
Net purchases (sales)
     (1 )
Transfer in and/or out of Level 3
     —  
 
      
Balance as of 01/31/09
   $ 3  
 
      
REG46819JAN09

25

 

Schwab Capital Trust
Schwab Large Cap Growth FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  98.2 %  
Common Stock
     456,281       364,832  
  1.8 %  
Short-Term Investment
     6,692       6,692  
  100.0 %  
Total Investments
     462,973       371,524  
  0.0 %  
Other Assets and Liabilities, Net
             (161 )
  100.0 %  
Total Net Assets
             371,363  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 98.2% of net assets
                
 
                
Capital Goods 11.5%
                
Cooper Industries Ltd., Class A
     111,800       3,009  
Dover Corp.
     105,000       2,969  
Emerson Electric Co.
     14,600       478  
Fluor Corp.
     160,000       6,224  
Jacobs Engineering Group, Inc. *
     45,000       1,740  
L-3 Communications Holdings, Inc.
     80,000       6,322  
Lockheed Martin Corp.
     180,000       14,767  
Northrop Grumman Corp.
     20,000       962  
Raytheon Co.
     122,800       6,216  
 
                
 
             42,687  
 
                
Commercial & Professional Supplies 1.3%
                
Covanta Holding Corp. *
     270,000       4,668  
 
                
Consumer Services 4.9%
                
Apollo Group, Inc., Class A *
     100,500       8,187  
McDonald’s Corp.
     175,000       10,153  
 
                
 
             18,340  
 
                
Diversified Financials 2.1%
                
JPMorgan Chase & Co.
     88,900       2,268  
Northern Trust Corp.
     83,000       4,774  
State Street Corp.
     20,000       465  
The Goldman Sachs Group, Inc.
     5,000       404  
 
                
 
             7,911  
 
                
Energy 9.7%
                
Anadarko Petroleum Corp.
     32,000       1,176  
Cameron International Corp. *
     25,000       579  
Exxon Mobil Corp.
     210,800       16,122  
National-Oilwell Varco, Inc. *
     15,500       410  
Noble Energy
     105,000       5,138  
Occidental Petroleum Corp.
     122,500       6,682  
Sunoco, Inc.
     40,000       1,853  
Valero Energy Corp.
     170,000       4,100  
 
                
 
             36,060  
 
                
Food & Staples Retailing 3.1%
                
The Kroger Co.
     200,000       4,500  
Wal-Mart Stores, Inc.
     150,000       7,068  
 
                
 
             11,568  
 
                
Food, Beverage & Tobacco 5.4%
                
Altria Group, Inc.
     300,000       4,962  
Archer-Daniels-Midland Co.
     60,000       1,643  
General Mills, Inc.
     168,100       9,943  
H.J. Heinz Co.
     13,500       493  
The Coca-Cola Co.
     35,800       1,529  
The J.M. Smucker Co.
     20,633       932  
The Pepsi Bottling Group, Inc.
     25,000       482  
 
                
 
             19,984  
 
                
Health Care Equipment & Services 10.9%
                
Aetna, Inc.
     19,900       617  
Baxter International, Inc.
     300,000       17,595  
Becton, Dickinson & Co.
     60,800       4,418  
CIGNA Corp.
     40,500       703  
Express Scripts, Inc. *
     150,000       8,064  
Humana, Inc. *
     106,500       4,040  
Medtronic, Inc.
     50,000       1,674  
St. Jude Medical, Inc. *
     29,000       1,055  
UnitedHealth Group, Inc.
     63,000       1,785  
Varian Medical Systems, Inc. *
     16,000       594  
 
                
 
             40,545  
 
                
Household & Personal Products 3.3%
                
Church & Dwight Co., Inc.
     78,000       4,152  
The Procter & Gamble Co.
     147,374       8,032  
 
                
 
             12,184  
 
                
Insurance 2.0%
                
Aon Corp.
     36,000       1,334  
Axis Capital Holdings Ltd.
     97,600       2,368  
MetLife, Inc.
     37,500       1,077  
Prudential Financial, Inc.
     33,500       863  
The Travelers Cos., Inc.
     41,500       1,603  
 
                
 
             7,245  
 
                
Materials 2.1%
                
AK Steel Holding Corp.
     158,500       1,279  
Celanese Corp., Series A
     100,000       1,065  
Owens-Illinois, Inc. *
     75,000       1,425  
Sonoco Products Co.
     89,000       2,041  
Terra Industries, Inc.
     60,000       1,229  
The Lubrizol Corp.
     18,000       614  
 
                
 
             7,653  
 
                
Media 1.3%
                
Liberty Global, Inc., Series A *
     55,000       801  
Omnicom Group, Inc.
     114,000       2,951  
The DIRECTV Group, Inc. *
     50,000       1,095  

1

 

Schwab Large Cap Growth Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Interpublic Group of Cos., Inc. *
     50,000       167  
 
                
 
             5,014  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 10.0%
                
Abbott Laboratories
     27,000       1,497  
Amgen, Inc. *
     35,000       1,920  
Biogen Idec, Inc. *
     50,000       2,432  
Celgene Corp. *
     105,000       5,560  
Cephalon, Inc. *
     126,000       9,725  
Endo Pharmaceuticals Holdings, Inc. *
     35,000       786  
Forest Laboratories, Inc. *
     125,000       3,130  
Genentech, Inc. *
     60,000       4,874  
Merck & Co., Inc.
     125,000       3,569  
Pfizer, Inc.
     200,000       2,916  
Schering-Plough Corp.
     51,000       896  
 
                
 
             37,305  
 
                
Retailing 1.0%
                
The Gap, Inc.
     175,000       1,974  
The Sherwin-Williams Co.
     35,000       1,671  
 
                
 
             3,645  
 
                
Semiconductors & Semiconductor Equipment 2.2%
                
Analog Devices, Inc.
     87,000       1,738  
Broadcom Corp., Class A *
     92,000       1,458  
Intel Corp.
     250,000       3,225  
LSI Corp. *
     165,000       525  
Marvell Technology Group Ltd. *
     175,000       1,276  
 
                
 
             8,222  
 
                
Software & Services 12.9%
                
Accenture Ltd., Class A
     380,000       11,993  
Adobe Systems, Inc. *
     80,000       1,545  
BMC Software, Inc. *
     301,500       7,637  
eBay, Inc. *
     62,500       751  
Google, Inc., Class A *
     7,000       2,369  
MasterCard, Inc., Class A
     10,000       1,358  
Microsoft Corp.
     572,500       9,790  
Oracle Corp. *
     113,800       1,915  
Symantec Corp. *
     516,000       7,910  
Synopsys, Inc. *
     93,500       1,730  
Western Union Co.
     65,000       888  
 
                
 
             47,886  
 
                
Technology Hardware & Equipment 12.3%
                
Apple, Inc. *
     65,000       5,858  
Cisco Systems, Inc. *
     300,700       4,502  
Hewlett-Packard Co.
     455,000       15,811  
International Business Machines Corp.
     200,000       18,330  
NCR Corp. *
     67,500       847  
Seagate Technology
     45,000       171  
 
                
 
             45,519  
 
                
Telecommunication Services 0.9%
                
Embarq Corp.
     45,000       1,607  
Qwest Communications International, Inc.
     138,000       444  
Sprint Nextel Corp. *
     585,000       1,422  
 
                
 
             3,473  
 
                
Transportation 1.0%
                
CSX Corp.
     50,000       1,448  
Union Pacific Corp.
     50,000       2,190  
 
                
 
             3,638  
 
                
Utilities 0.3%
                
NRG Energy, Inc. *
     55,000       1,285  
 
                
 
Total Common Stock
(Cost $456,281)		             364,832  
 
                
                 
Security   Face Amount   Value
                     Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investment 1.8% of net assets
                
 
                
Commercial Paper & Other Obligations 1.6%
                
Bank of America, Toronto Time Deposit
               
0.07%, 02/02/09
     5,862       5,862  
 
                
U.S. Treasury Obligation 0.2%
                
U.S. Treasury Bills                
(0.02)%, 03/26/09 (a)
     830       830  
 
                
Total Short-Term Investment
(Cost $6,692)		             6,692  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $462,984, and the unrealized appreciation and depreciation were $8,271 and ($99,731), respectively, with a net unrealized depreciation of ($91,460).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for futures contracts.
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
S & P 500 Index, e-mini, Long, expires 03/20/09
     50       2,056       (125 )

2

 

Large Cap Growth Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 364,832  
Level 2 - Other Significant Observable Inputs
     6,692  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 371,524  
 
      
 
*   Other financial instruments include future contracts of ($125).
REG46822JAN09

3

 

Schwab Capital Trust
Schwab Premier Equity Fund®
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  97.9 %  
Common Stock
     712,732       540,539  
  2.2 %  
Other Investment Company
     12,418       12,418  
  100.1 %  
Total Investments
     725,150       552,957  
  (0.1) %  
Other Assets and Liabilities, Net
             (570 )
  100.0 %  
Total Net Assets
             552,387  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 97.9% of net assets
                
 
                
Banks 1.3%
                
KeyCorp
     700,000       5,096  
SunTrust Banks, Inc.
     150,000       1,839  
 
                
 
             6,935  
 
    
Capital Goods 6.9%
                
Dover Corp.
     150,000       4,242  
Fluor Corp.
     155,000       6,030  
General Electric Co.
     275,000       3,336  
L-3 Communications Holdings, Inc.
     105,000       8,297  
Northrop Grumman Corp.
     170,000       8,180  
Raytheon Co.
     155,000       7,846  
 
                
 
             37,931  
 
                
Commercial & Professional Supplies 1.0%
                
Covanta Holding Corp. *
     325,000       5,619  
 
                
Consumer Durables & Apparel 1.7%
                
Polo Ralph Lauren Corp.
     125,000       5,129  
The Warnaco Group, Inc. *
     175,000       3,962  
 
                
 
             9,091  
 
                
Consumer Services 1.2%
                
Apollo Group, Inc., Class A *
     30,000       2,444  
Yum! Brands, Inc.
     150,000       4,293  
 
                
 
             6,737  
 
                
Diversified Financials 4.9%
                
Ameriprise Financial, Inc.
     200,000       4,030  
Bank of America Corp.
     525,000       3,455  
JPMorgan Chase & Co.
     250,000       6,377  
Northern Trust Corp.
     145,000       8,340  
The Goldman Sachs Group, Inc.
     60,000       4,844  
 
                
 
             27,046  
 
                
Energy 16.2%
                
Anadarko Petroleum Corp.
     175,000       6,430  
Chevron Corp.
     110,000       7,757  
ConocoPhillips
     150,000       7,129  
Devon Energy Corp.
     120,000       7,392  
ENSCO International, Inc.
     160,000       4,378  
Exxon Mobil Corp.
     105,000       8,030  
Murphy Oil Corp.
     125,000       5,523  
Nabors Industries Ltd. *
     500,000       5,475  
National-Oilwell Varco, Inc. *
     225,000       5,949  
Noble Energy
     150,000       7,339  
Occidental Petroleum Corp.
     140,000       7,637  
Sunoco, Inc.
     150,000       6,948  
Valero Energy Corp.
     300,000       7,236  
W&T Offshore, Inc.
     200,000       2,514  
 
                
 
             89,737  
 
                
Food & Staples Retailing 3.2%
                
Casey’s General Stores, Inc.
     225,000       4,781  
The Kroger Co.
     300,000       6,750  
Wal-Mart Stores, Inc.
     125,000       5,890  
 
                
 
             17,421  
 
                
Food, Beverage & Tobacco 6.2%
                
Altria Group, Inc.
     400,000       6,616  
Archer-Daniels-Midland Co.
     225,000       6,160  
Constellation Brands, Inc., Class A *
     375,000       5,445  
Darling International, Inc. *
     700,000       3,213  
Sara Lee Corp.
     700,000       7,021  
The Pepsi Bottling Group, Inc.
     300,000       5,787  
 
                
 
             34,242  
 
                
Health Care Equipment & Services 7.4%
                
Baxter International, Inc.
     135,000       7,918  
CIGNA Corp.
     301,000       5,225  
Express Scripts, Inc. *
     140,000       7,526  
Gen-Probe, Inc. *
     75,000       3,377  
Humana, Inc. *
     100,000       3,793  
Omnicare, Inc.
     290,000       8,108  
Quest Diagnostics, Inc.
     100,000       4,935  
 
                
 
             40,882  
 
                
Household & Personal Products 2.6%
                
Church & Dwight Co., Inc.
     140,000       7,452  
The Procter & Gamble Co.
     130,000       7,085  
 
                
 
             14,537  
 
                
Insurance 4.6%
                
Prudential Financial, Inc.
     175,000       4,506  
The Chubb Corp.
     160,000       6,813  
The Hartford Financial Services Group, Inc.
     200,000       2,632  
The Travelers Cos., Inc.
     180,000       6,955  
Unum Group
     325,000       4,602  
 
                
 
             25,508  

1

 

Schwab Premier Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Materials 3.4%
                
Chemtura Corp.
     950,000       713  
FMC Corp.
     125,000       5,577  
MeadWestvaco Corp.
     300,000       3,492  
Owens-Illinois, Inc. *
     225,000       4,275  
Rock-Tenn Co., Class A
     150,000       4,676  
 
                
 
             18,733  
 
                
Media 1.1%
                
The Interpublic Group of Cos., Inc. *
     900,000       2,997  
Time Warner, Inc.
     350,000       3,266  
 
                
 
             6,263  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 11.4%
                
Amgen, Inc. *
     100,000       5,485  
Biogen Idec, Inc. *
     75,000       3,649  
Bristol-Myers Squibb Co.
     250,000       5,353  
Cephalon, Inc. *
     75,000       5,788  
Forest Laboratories, Inc. *
     310,000       7,762  
Johnson & Johnson
     100,000       5,769  
King Pharmaceuticals, Inc. *
     450,000       3,933  
Life Technologies Corp. *
     200,000       5,092  
Pfizer, Inc.
     350,000       5,103  
ViroPharma, Inc. *
     225,000       2,700  
Warner Chilcott Ltd., Class A *
     350,000       4,813  
Watson Pharmaceuticals, Inc. *
     275,000       7,502  
 
                
 
             62,949  
 
                
Retailing 2.7%
                
Family Dollar Stores, Inc.
     150,000       4,166  
Macy’s, Inc.
     500,000       4,475  
The Gap, Inc.
     575,000       6,486  
 
                
 
             15,127  
 
                
Software & Services 8.2%
                
Alliance Data Systems Corp. *
     100,000       4,159  
BMC Software, Inc. *
     275,000       6,966  
CA, Inc.
     350,000       6,297  
Sybase, Inc. *
     295,000       8,056  
Symantec Corp. *
     525,000       8,048  
Synopsys, Inc. *
     425,000       7,862  
Western Union Co.
     300,000       4,098  
 
                
 
             45,486  
 
                
Technology Hardware & Equipment 6.6%
                
Cisco Systems, Inc. *
     300,000       4,491  
Hewlett-Packard Co.
     230,000       7,992  
Ingram Micro, Inc., Class A *
     250,000       3,068  
International Business Machines Corp.
     90,000       8,248  
JDS Uniphase Corp. *
     800,000       2,904  
NCR Corp. *
     450,000       5,647  
Tellabs, Inc. *
     350,000       1,446  
Teradata Corp. *
     200,000       2,626  
 
                
 
             36,422  
 
                
Telecommunication Services 3.1%
                
American Tower Corp., Class A *
     150,000       4,551  
Sprint Nextel Corp. *
     1,500,000       3,645  
Telephone & Data Systems, Inc.
     200,000       6,102  
U.S. Cellular Corp. *
     65,000       2,727  
 
                
 
             17,025  
 
                
Transportation 2.3%
                
AMR Corp. *
     725,000       4,307  
Norfolk Southern Corp.
     100,000       3,836  
Union Pacific Corp.
     100,000       4,379  
 
                
 
             12,522  
 
                
Utilities 1.9%
                
DTE Energy Co.
     150,000       5,175  
Mirant Corp. *
     300,000       5,151  
 
                
 
             10,326  
 
                
 
    
Total Common Stock
(Cost $712,732)		             540,539  
 
                
 
                
Other Investment Company 2.2% of net assets
                
 
    
State Street Institutional Liquid Reserves Fund - Institutional Class
     12,418,309       12,418  
 
                
Total Other Investment Company
(Cost $12,418)		             12,418  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $725,150 and the unrealized appreciation and depreciation were $22,661 and ($194,854), respectively, with a net depreciation of ($172,193).
 
*   Non-income producing security.
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Gains
Futures Contract
                        
S & P 500 Index, e-mini, Long, expires 03/20/09
     25       1,028       —  

2

 

Schwab Premier Equity Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 552,957  
Level 2 - Other Significant Observable Inputs
     —  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 552,957  
 
      
 
*   Other financial instruments include future contracts of $0.
REG46821JAN09

3

 

Schwab Institutional Select® S&P 500 Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  95.8 %  
Common Stock
     3,020,896       2,017,886  
  4.2 %  
Short-Term Investment
     89,203       89,203  
  100.0 %  
Total Investments
     3,110,099       2,107,089  
  0.0 %  
Other Assets and Liabilities, Net
             (407 )
  100.0 %  
Total Net Assets
             2,106,682  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 95.8% of net assets
                
 
                
Automobiles & Components 0.2%
                
Ford Motor Co. *
     665,311       1,244  
General Motors Corp.
     166,552       502  
Harley-Davidson, Inc.
     64,625       787  
Johnson Controls, Inc.
     164,807       2,062  
The Goodyear Tire & Rubber Co. *
     66,640       411  
 
                
 
             5,006  
 
                
Banks 2.2%
                
BB&T Corp.
     153,347       3,035  
Comerica, Inc.
     39,662       661  
Fifth Third Bancorp
     152,410       364  
First Horizon National Corp.
     79,869       760  
Hudson City Bancorp, Inc.
     150,792       1,749  
Huntington Bancshares, Inc.
     98,485       284  
KeyCorp
     130,943       953  
M&T Bank Corp.
     20,546       799  
Marshall & Ilsley Corp.
     69,887       399  
People’s United Financial, Inc.
     95,000       1,554  
PNC Financial Services Group, Inc.
     119,923       3,900  
Regions Financial Corp.
     193,842       671  
SunTrust Banks, Inc.
     99,780       1,223  
U.S. Bancorp
     488,648       7,252  
Wells Fargo & Co.
     1,182,413       22,348  
Zions Bancorp
     37,636       562  
 
                
 
             46,514  
 
                
Capital Goods 7.5%
                
3M Co.
     194,078       10,439  
Caterpillar, Inc.
     169,170       5,219  
Cooper Industries Ltd., Class A
     51,029       1,373  
Cummins, Inc.
     54,454       1,306  
Danaher Corp.
     71,168       3,980  
Deere & Co.
     118,898       4,131  
Dover Corp.
     52,647       1,489  
Eaton Corp.
     45,244       1,992  
Emerson Electric Co.
     214,567       7,016  
Fastenal Co.
     36,215       1,238  
Flowserve Corp.
     15,500       826  
Fluor Corp.
     50,884       1,979  
General Dynamics Corp.
     109,528       6,214  
General Electric Co.
     2,942,925       35,698  
Goodrich Corp.
     32,678       1,263  
Honeywell International, Inc.
     203,417       6,674  
Illinois Tool Works, Inc.
     109,641       3,581  
Ingersoll-Rand Co., Ltd. Class A
     89,319       1,448  
ITT Corp.
     50,818       2,301  
Jacobs Engineering Group, Inc. *
     34,400       1,330  
L-3 Communications Holdings, Inc.
     32,788       2,591  
Lockheed Martin Corp.
     92,439       7,584  
Masco Corp.
     96,807       757  
Northrop Grumman Corp.
     91,034       4,381  
PACCAR, Inc.
     100,750       2,659  
Pall Corp.
     34,308       894  
Parker Hannifin Corp.
     46,330       1,770  
Precision Castparts Corp.
     37,927       2,463  
Raytheon Co.
     114,849       5,814  
Rockwell Automation, Inc.
     39,180       1,020  
Rockwell Collins, Inc.
     42,981       1,620  
Textron, Inc.
     67,278       608  
The Boeing Co.
     206,931       8,755  
The Manitowoc Co., Inc.
     36,300       200  
Tyco International Ltd.
     132,465       2,784  
United Technologies Corp.
     267,866       12,855  
W.W. Grainger, Inc.
     20,028       1,461  
 
                
 
             157,713  
 
                
Commercial & Professional Supplies 0.7%
                
Avery Dennison Corp.
     29,519       715  
Cintas
     36,485       830  
Equifax, Inc.
     34,741       859  
Iron Mountain, Inc. *
     40,000       818  
Monster Worldwide, Inc. *
     32,101       296  
Pitney Bowes, Inc.
     57,137       1,272  
R.R. Donnelley & Sons Co.
     56,122       548  
Republic Services, Inc.
     89,111       2,304  
Robert Half International, Inc.
     41,869       710  
Stericycle, Inc. *
     23,700       1,159  
The Dun & Bradstreet Corp.
     15,000       1,140  
Waste Management, Inc.
     136,075       4,244  
 
                
 
             14,895  
 
                
Consumer Durables & Apparel 0.9%
                
Centex Corp.
     32,437       276  
Coach, Inc. *
     93,112       1,359  
D.R. Horton, Inc.
     71,790       428  
Eastman Kodak Co.
     81,352       368  
Fortune Brands, Inc.
     41,630       1,332  
Harman International Industries, Inc.
     14,956       241  
Hasbro, Inc.
     45,412       1,096  

1

 

Schwab Institutional Select S&P 500 Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Jones Apparel Group, Inc.
     24,819       86  
KB HOME
     19,935       213  
Leggett & Platt, Inc.
     44,891       561  
Lennar Corp., Class A
     36,936       284  
Liz Claiborne, Inc.
     25,123       55  
Mattel, Inc.
     90,502       1,284  
Newell Rubbermaid, Inc.
     73,279       592  
NIKE, Inc., Class B
     108,220       4,897  
Polo Ralph Lauren Corp.
     16,026       658  
Pulte Homes, Inc.
     57,364       582  
Snap-on, Inc.
     20,478       618  
The Black & Decker Corp.
     17,554       507  
The Stanley Works
     20,845       652  
VF Corp.
     23,084       1,293  
Whirlpool Corp.
     19,942       667  
 
                
 
             18,049  
 
                
Consumer Services 1.7%
                
Apollo Group, Inc., Class A *
     35,235       2,870  
Carnival Corp.
     121,224       2,205  
Darden Restaurants, Inc.
     38,168       1,001  
H&R Block, Inc.
     94,411       1,957  
International Game Technology
     79,535       843  
Marriott International, Inc., Class A
     82,160       1,340  
McDonald’s Corp.
     312,117       18,109  
Starbucks Corp. *
     206,032       1,945  
Starwood Hotels & Resorts Worldwide, Inc.
     53,595       810  
Wyndham Worldwide Corp.
     48,261       296  
Wynn Resorts Ltd. *
     16,400       493  
Yum! Brands, Inc.
     129,259       3,700  
 
                
 
             35,569  
 
                
Diversified Financials 5.0%
                
American Capital Ltd.
     50,161       143  
American Express Co.
     329,207       5,508  
Ameriprise Financial, Inc.
     61,347       1,236  
Bank of America Corp.
     1,791,458       11,788  
Bank of New York Mellon Corp.
     321,510       8,276  
Capital One Financial Corp.
     108,635       1,721  
CIT Group, Inc.
     100,014       279  
Citigroup, Inc.
     1,526,861       5,420  
CME Group, Inc.
     18,623       3,239  
Discover Financial Services
     133,179       952  
E*TRADE Financial Corp. *
     294,795       336  
Federated Investors, Inc., Class B
     27,495       537  
Franklin Resources, Inc.
     41,889       2,028  
IntercontinentalExchange, Inc. *
     20,258       1,153  
Invesco Ltd.
     106,774       1,259  
Janus Capital Group, Inc.
     50,444       265  
JPMorgan Chase & Co.
     1,045,735       26,677  
Legg Mason, Inc.
     38,108       612  
Leucadia National Corp. *
     49,151       782  
Moody’s Corp.
     53,338       1,142  
Morgan Stanley
     297,866       6,026  
Northern Trust Corp.
     61,884       3,559  
NYSE Euronext
     73,500       1,617  
SLM Corp. *
     129,596       1,484  
State Street Corp.
     119,798       2,788  
T. Rowe Price Group, Inc.
     71,653       1,976  
The Charles Schwab Corp. (b)
     261,345       3,552  
The Goldman Sachs Group, Inc.
     123,906       10,003  
The Nasdaq OMX Group, Inc. *
     37,800       825  
 
                
 
             105,183  
 
                
Energy 13.5%
                
Anadarko Petroleum Corp.
     127,327       4,678  
Apache Corp.
     92,839       6,963  
Baker Hughes, Inc.
     85,306       2,842  
BJ Services Co.
     75,984       836  
Cabot Oil & Gas Corp.
     29,000       797  
Cameron International Corp. *
     61,500       1,424  
Chesapeake Energy Corp.
     150,666       2,382  
Chevron Corp.
     569,293       40,147  
ConocoPhillips
     417,750       19,856  
CONSOL Energy, Inc.
     50,818       1,385  
Devon Energy Corp.
     123,545       7,610  
El Paso Corp.
     196,440       1,607  
ENSCO International, Inc.
     38,093       1,042  
EOG Resources, Inc.
     69,265       4,694  
Exxon Mobil Corp.
     1,428,281       109,235  
Halliburton Co.
     247,940       4,277  
Hess Corp.
     78,718       4,377  
Marathon Oil Corp.
     197,570       5,380  
Massey Energy Co.
     20,300       308  
Murphy Oil Corp.
     53,065       2,344  
Nabors Industries Ltd. *
     79,694       873  
National-Oilwell Varco, Inc. *
     115,814       3,062  
Noble Corp.
     73,533       1,996  
Noble Energy
     48,084       2,353  
Occidental Petroleum Corp.
     230,626       12,581  
Peabody Energy Corp.
     73,164       1,829  
Pioneer Natural Resources Co.
     31,600       463  
Range Resources Corp.
     41,700       1,494  
Rowan Cos., Inc.
     28,822       365  
Schlumberger Ltd.
     335,180       13,679  
Smith International, Inc.
     61,332       1,392  
Southwestern Energy Co. *
     95,600       3,026  
Spectra Energy Corp.
     170,207       2,470  
Sunoco, Inc.
     32,790       1,519  
Tesoro Corp.
     38,807       669  
The Williams Cos., Inc.
     160,296       2,268  
Valero Energy Corp.
     143,155       3,453  
Weatherford International Ltd. *
     189,720       2,093  
XTO Energy, Inc.
     160,053       5,936  
 
                
 
             283,705  
 
                
Food & Staples Retailing 3.1%
                
Costco Wholesale Corp.
     120,551       5,429  
CVS Caremark Corp.
     399,988       10,752  
Safeway, Inc.
     119,471       2,560  
SUPERVALU, Inc.
     56,710       995  
Sysco Corp.
     166,862       3,719  
The Kroger Co.
     183,211       4,122  
Wal-Mart Stores, Inc.
     626,419       29,517  
Walgreen Co.
     275,712       7,557  

2

 

Schwab Institutional Select S&P 500 Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Whole Foods Market, Inc.
     32,316       331  
 
                
 
             64,982  
 
                
Food, Beverage & Tobacco 6.2%
                
Altria Group, Inc.
     573,902       9,492  
Archer-Daniels-Midland Co.
     179,338       4,910  
Brown-Forman Corp., Class B
     26,370       1,198  
Campbell Soup Co.
     71,098       2,159  
Coca-Cola Enterprises, Inc.
     83,195       934  
ConAgra Foods, Inc.
     151,694       2,594  
Constellation Brands, Inc., Class A *
     50,650       736  
Dean Foods Co. *
     41,170       796  
Dr. Pepper Snapple Group, Inc. *
     68,100       1,120  
General Mills, Inc.
     97,837       5,787  
H.J. Heinz Co.
     99,392       3,628  
Kellogg Co.
     68,649       2,999  
Kraft Foods, Inc., Class A
     419,139       11,757  
Lorillard, Inc.
     46,771       2,781  
McCormick & Co., Inc.
     49,729       1,593  
Molson Coors Brewing Co., Class B
     49,480       1,993  
PepsiCo, Inc.
     432,666       21,733  
Philip Morris International, Inc.
     567,602       21,087  
Reynolds American, Inc.
     47,234       1,803  
Sara Lee Corp.
     201,812       2,024  
The Coca-Cola Co.
     554,146       23,673  
The Hershey Co.
     50,936       1,899  
The J.M. Smucker Co.
     45,017       2,033  
The Pepsi Bottling Group, Inc.
     39,152       755  
Tyson Foods, Inc., Class A
     81,988       726  
 
                
 
             130,210  
 
                
Health Care Equipment & Services 4.7%
                
Aetna, Inc.
     130,828       4,056  
AmerisourceBergen Corp.
     48,591       1,765  
Baxter International, Inc.
     177,328       10,400  
Becton, Dickinson & Co.
     66,996       4,869  
Boston Scientific Corp. *
     420,723       3,732  
C.R. Bard, Inc.
     27,761       2,376  
Cardinal Health, Inc.
     100,728       3,792  
CIGNA Corp.
     77,598       1,347  
Coventry Health Care, Inc. *
     40,638       615  
Covidien Ltd.
     140,266       5,378  
DaVita, Inc. *
     25,000       1,175  
DENTSPLY International, Inc.
     30,000       807  
Express Scripts, Inc. *
     71,022       3,818  
Hospira, Inc. *
     43,024       1,071  
Humana, Inc. *
     44,614       1,692  
IMS Health, Inc.
     48,636       706  
Intuitive Surgical, Inc. *
     10,500       1,084  
Laboratory Corp. of America Holdings *
     28,847       1,708  
McKesson Corp.
     75,960       3,357  
Medco Health Solutions, Inc. *
     144,862       6,509  
Medtronic, Inc.
     311,443       10,430  
Patterson Cos., Inc. *
     34,503       635  
Quest Diagnostics, Inc.
     43,088       2,126  
St. Jude Medical, Inc. *
     96,408       3,506  
Stryker Corp.
     70,666       2,985  
Tenet Healthcare Corp. *
     120,290       129  
UnitedHealth Group, Inc.
     336,417       9,531  
Varian Medical Systems, Inc. *
     33,106       1,229  
WellPoint, Inc. *
     151,906       6,296  
Zimmer Holdings, Inc. *
     61,504       2,239  
 
                
 
             99,363  
 
                
Household & Personal Products 3.1%
                
Avon Products, Inc.
     118,250       2,418  
Colgate-Palmolive Co.
     140,520       9,140  
Kimberly-Clark Corp.
     115,318       5,935  
The Clorox Co.
     38,435       1,928  
The Estee Lauder Cos., Inc., Class A
     32,026       841  
The Procter & Gamble Co.
     836,555       45,592  
 
                
 
             65,854  
 
                
Insurance 2.2%
                
Aflac, Inc.
     130,170       3,021  
American International Group, Inc.
     702,455       899  
Aon Corp.
     87,685       3,249  
Assurant, Inc.
     32,046       846  
Cincinnati Financial Corp.
     41,680       914  
Genworth Financial, Inc., Class A
     113,826       264  
Lincoln National Corp.
     76,189       1,153  
Loews Corp.
     95,184       2,322  
Marsh & McLennan Cos., Inc.
     137,695       2,662  
MBIA, Inc. *
     49,189       190  
MetLife, Inc.
     222,392       6,389  
Principal Financial Group, Inc.
     68,911       1,143  
Prudential Financial, Inc.
     118,250       3,045  
The Allstate Corp.
     147,318       3,192  
The Chubb Corp.
     103,453       4,405  
The Hartford Financial Services Group, Inc.
     82,833       1,090  
The Progressive Corp. *
     177,592       2,158  
The Travelers Cos., Inc.
     170,803       6,600  
Torchmark Corp.
     24,160       725  
Unum Group
     92,450       1,309  
XL Capital Ltd., Class A
     80,000       232  
 
                
 
             45,808  
 
                
Materials 2.9%
                
Air Products & Chemicals, Inc.
     58,147       2,925  
AK Steel Holding Corp.
     31,400       253  
Alcoa, Inc.
     220,895       1,721  
Allegheny Technologies, Inc.
     25,642       566  
Ashland, Inc.
     20,237       162  
Ball Corp.
     26,947       1,033  
Bemis Co., Inc.
     25,685       580  
CF Industries Holdings, Inc.
     15,100       710  
E.I. du Pont de Nemours & Co.
     254,575       5,845  
Eastman Chemical Co.
     25,367       658  
Ecolab, Inc.
     47,133       1,601  
Freeport-McMoRan Copper & Gold, Inc.
     104,752       2,633  
International Flavors & Fragrances, Inc.
     21,076       603  

3

 

Schwab Institutional Select S&P 500 Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
International Paper Co.
     119,835       1,093  
MeadWestvaco Corp.
     45,330       528  
Monsanto Co.
     152,970       11,635  
Newmont Mining Corp.
     126,036       5,014  
Nucor Corp.
     87,096       3,553  
Owens-Illinois, Inc. *
     46,800       889  
Pactiv Corp. *
     37,448       810  
PPG Industries, Inc.
     45,737       1,719  
Praxair, Inc.
     85,549       5,326  
Rohm & Haas Co.
     34,684       1,914  
Sealed Air Corp.
     42,046       570  
Sigma-Aldrich Corp.
     34,128       1,231  
The Dow Chemical Co.
     258,017       2,990  
Titanium Metals Corp.
     52,400       369  
United States Steel Corp.
     30,765       924  
Vulcan Materials Co.
     31,167       1,542  
Weyerhaeuser Co.
     57,692       1,577  
 
                
 
             60,974  
 
                
Media 2.4%
                
CBS Corp., Class B
     188,781       1,080  
Comcast Corp., Class A
     806,852       11,821  
Gannett Co., Inc.
     60,175       347  
Meredith Corp.
     14,758       236  
News Corp., Class A
     628,210       4,014  
Omnicom Group, Inc.
     86,105       2,229  
Scripps Networks Interactive, Class A
     21,568       463  
The DIRECTV Group, Inc. *
     185,442       4,061  
The Interpublic Group of Cos., Inc. *
     123,746       412  
The McGraw-Hill Cos., Inc.
     82,956       1,824  
The New York Times Co., Class A
     28,747       143  
The Walt Disney Co.
     515,554       10,662  
The Washington Post Co., Class B
     1,275       498  
Time Warner, Inc.
     1,005,114       9,378  
Viacom, Inc., Class B *
     171,806       2,534  
 
                
 
             49,702  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 10.6%
                
Abbott Laboratories
     434,781       24,104  
Allergan, Inc.
     86,136       3,284  
Amgen, Inc. *
     301,331       16,528  
Biogen Idec, Inc. *
     80,575       3,920  
Bristol-Myers Squibb Co.
     551,411       11,806  
Celgene Corp. *
     127,113       6,731  
Cephalon, Inc. *
     25,000       1,930  
Eli Lilly & Co.
     278,643       10,260  
Forest Laboratories, Inc. *
     82,991       2,078  
Genzyme Corp. *
     75,316       5,191  
Gilead Sciences, Inc. *
     262,421       13,323  
Johnson & Johnson
     777,447       44,851  
King Pharmaceuticals, Inc. *
     99,346       868  
Life Technologies Corp. *
     47,150       1,200  
Merck & Co., Inc.
     596,186       17,021  
Millipore Corp. *
     14,752       814  
Mylan, Inc. *
     81,702       926  
PerkinElmer, Inc.
     31,080       392  
Pfizer, Inc.
     1,889,286       27,546  
Schering-Plough Corp.
     455,475       7,998  
Teva Pharmaceutical Industries Ltd. ADR
     18,250       756  
Thermo Fisher Scientific, Inc. *
     117,042       4,205  
Waters Corp. *
     26,184       947  
Watson Pharmaceuticals, Inc. *
     39,435       1,076  
Wyeth
     373,082       16,031  
 
                
 
             223,786  
 
                
Real Estate 0.8%
                
Apartment Investment & Management Co., Class A
     39,115       348  
AvalonBay Communities, Inc.
     21,370       1,107  
Boston Properties, Inc.
     33,546       1,453  
CB Richard Ellis Group, Inc., Class A *
     62,440       225  
Developers Diversified Realty Corp.
     34,251       164  
Equity Residential
     75,730       1,812  
General Growth Properties, Inc.
     59,676       39  
HCP, Inc.
     70,100       1,636  
Health Care REIT, Inc.
     15,000       567  
Host Hotels & Resorts, Inc.
     145,504       783  
Kimco Realty Corp.
     63,559       914  
Plum Creek Timber Co., Inc.
     45,927       1,413  
ProLogis
     71,640       717  
Public Storage
     34,753       2,150  
Simon Property Group, Inc.
     62,663       2,693  
Vornado Realty Trust
     38,095       1,936  
 
                
 
             17,957  
 
                
Retailing 2.7%
                
Abercrombie & Fitch Co., Class A
     21,945       392  
Amazon.com, Inc. *
     87,302       5,135  
AutoNation, Inc. *
     34,077       316  
AutoZone, Inc. *
     12,561       1,669  
Bed Bath & Beyond, Inc. *
     71,604       1,663  
Best Buy Co., Inc.
     97,936       2,744  
Big Lots, Inc. *
     29,058       391  
Dillard’s, Inc., Class A
     15,101       66  
Expedia, Inc. *
     56,726       507  
Family Dollar Stores, Inc.
     35,738       992  
GameStop Corp., Class A *
     43,300       1,073  
Genuine Parts Co.
     41,885       1,341  
J.C. Penney Co., Inc.
     52,937       887  
Kohl’s Corp. *
     85,629       3,143  
Limited Brands, Inc.
     79,980       633  
Lowe’s Cos., Inc.
     410,688       7,503  
Macy’s, Inc.
     123,174       1,102  
Nordstrom, Inc.
     53,114       674  
Office Depot, Inc. *
     62,244       134  
RadioShack Corp.
     35,079       402  
Sears Holdings Corp. *
     20,224       828  
Staples, Inc.
     193,147       3,079  
Target Corp.
     210,889       6,580  
The Gap, Inc.
     134,539       1,518  
The Home Depot, Inc.
     472,812       10,180  
The Sherwin-Williams Co.
     26,385       1,260  

4

 

Schwab Institutional Select S&P 500 Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The TJX Cos., Inc.
     120,864       2,347  
Tiffany & Co.
     32,620       677  
 
                
 
             57,236  
 
                
Semiconductors & Semiconductor Equipment 2.1%
                
Advanced Micro Devices, Inc. *
     124,328       272  
Altera Corp.
     84,616       1,301  
Analog Devices, Inc.
     83,132       1,661  
Applied Materials, Inc.
     354,373       3,320  
Broadcom Corp., Class A *
     122,649       1,944  
Intel Corp.
     1,566,489       20,208  
KLA-Tencor Corp.
     48,214       966  
Linear Technology Corp.
     66,330       1,553  
LSI Corp. *
     171,738       546  
MEMC Electronic Materials, Inc. *
     60,027       816  
Microchip Technology, Inc.
     51,223       972  
Micron Technology, Inc. *
     176,762       658  
National Semiconductor Corp.
     71,845       729  
Novellus Systems, Inc. *
     34,762       479  
NVIDIA Corp. *
     143,582       1,142  
Teradyne, Inc. *
     54,766       263  
Texas Instruments, Inc.
     359,834       5,380  
Xilinx, Inc.
     85,795       1,446  
 
                
 
             43,656  
 
                
Software & Services 6.0%
                
Adobe Systems, Inc. *
     150,454       2,905  
Affiliated Computer Services, Inc., Class A *
     25,436       1,167  
Akamai Technologies, Inc. *
     38,941       525  
Autodesk, Inc. *
     63,235       1,047  
Automatic Data Processing, Inc.
     140,833       5,116  
BMC Software, Inc. *
     58,638       1,485  
CA, Inc.
     106,030       1,907  
Citrix Systems, Inc. *
     46,463       978  
Cognizant Technology Solutions Corp., Class A *
     78,648       1,473  
Computer Sciences Corp. *
     43,559       1,605  
Compuware Corp. *
     87,868       571  
Convergys Corp. *
     42,335       319  
eBay, Inc. *
     302,623       3,638  
Electronic Arts, Inc. *
     83,391       1,288  
Fidelity National Information Services, Inc.
     51,184       814  
Fiserv, Inc. *
     44,455       1,411  
Google, Inc., Class A *
     67,200       22,749  
Intuit, Inc. *
     85,909       1,946  
MasterCard, Inc., Class A
     20,300       2,756  
McAfee, Inc. *
     42,000       1,281  
Microsoft Corp.
     2,172,703       37,153  
Novell, Inc. *
     93,560       346  
Oracle Corp. *
     1,097,606       18,473  
Paychex, Inc.
     85,235       2,070  
Salesforce.com, Inc. *
     27,830       741  
Symantec Corp. *
     234,279       3,592  
Total System Services, Inc.
     52,300       662  
VeriSign, Inc. *
     55,225       1,066  
Western Union Co.
     204,079       2,788  
Yahoo!, Inc. *
     388,864       4,561  
 
                
 
             126,433  
 
                
Technology Hardware & Equipment 7.4%
                
Agilent Technologies, Inc. *
     99,035       1,791  
Amphenol Corp., Class A
     47,700       1,247  
Apple, Inc. *
     249,105       22,452  
Ciena Corp. *
     23,905       149  
Cisco Systems, Inc. *
     1,640,530       24,559  
Corning, Inc.
     412,233       4,168  
Dell, Inc. *
     563,596       5,354  
EMC Corp. *
     564,406       6,231  
FLIR Systems, Inc. *
     30,000       749  
Harris Corp.
     35,000       1,515  
Hewlett-Packard Co.
     686,205       23,846  
International Business Machines Corp.
     376,383       34,495  
Jabil Circuit, Inc.
     55,940       326  
JDS Uniphase Corp. *
     60,010       218  
Juniper Networks, Inc. *
     146,265       2,071  
Lexmark International, Inc., Class A *
     26,417       626  
Molex, Inc.
     36,743       491  
Motorola, Inc.
     610,907       2,706  
NetApp, Inc. *
     94,381       1,400  
Nortel Networks Corp. *
     321       —  
QLogic Corp. *
     48,761       552  
QUALCOMM, Inc.
     463,827       16,025  
SanDisk Corp. *
     61,239       700  
Sun Microsystems, Inc. *
     214,806       894  
Tellabs, Inc. *
     109,499       452  
Teradata Corp. *
     46,647       612  
Tyco Electronics Ltd.
     127,466       1,805  
Xerox Corp.
     241,422       1,603  
 
                
 
             157,037  
 
                
Telecommunication Services 3.6%
                
American Tower Corp., Class A *
     111,100       3,371  
AT&T, Inc.
     1,651,145       40,651  
CenturyTel, Inc.
     31,276       849  
Embarq Corp.
     39,789       1,421  
Frontier Communications Corp.
     94,497       766  
Qwest Communications International, Inc.
     407,599       1,312  
Sprint Nextel Corp. *
     746,332       1,814  
Verizon Communications, Inc.
     795,890       23,773  
Windstream Corp.
     120,462       1,046  
 
                
 
             75,003  
 
                
Transportation 1.9%
                
Burlington Northern Santa Fe Corp.
     83,471       5,530  
C.H. Robinson Worldwide, Inc.
     44,195       2,032  
CSX Corp.
     114,791       3,324  
Expeditors International of Washington, Inc.
     55,900       1,554  
FedEx Corp.
     86,179       4,390  
Norfolk Southern Corp.
     101,868       3,908  
Ryder System, Inc.
     17,409       588  

5

 

Schwab Institutional Select S&P 500 Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Southwest Airlines Co.
     256,000       1,800  
Union Pacific Corp.
     141,934       6,215  
United Parcel Service, Inc., Class B
     278,338       11,827  
 
                
 
             41,168  
 
                
Utilities 4.4%
                
Allegheny Energy, Inc.
     46,895       1,559  
Ameren Corp.
     64,690       2,151  
American Electric Power Co., Inc.
     111,947       3,510  
CenterPoint Energy, Inc.
     95,482       1,278  
CMS Energy Corp.
     64,013       752  
Consolidated Edison, Inc.
     75,896       3,093  
Constellation Energy Group, Inc.
     49,474       1,301  
Dominion Resources, Inc.
     161,248       5,673  
DTE Energy Co.
     45,198       1,559  
Duke Energy Corp.
     351,073       5,319  
Dynegy, Inc., Class A *
     123,196       260  
Edison International
     90,426       2,945  
Entergy Corp.
     52,530       4,011  
EQT Corp.
     36,000       1,232  
Exelon Corp.
     183,354       9,941  
FirstEnergy Corp.
     84,534       4,226  
FPL Group, Inc.
     113,388       5,845  
Integrys Energy Group, Inc.
     20,003       835  
Nicor, Inc.
     12,326       422  
NiSource, Inc.
     74,133       718  
Pepco Holdings, Inc.
     60,200       1,072  
PG&E Corp.
     100,150       3,873  
Pinnacle West Capital Corp.
     27,516       921  
PPL Corp.
     104,028       3,190  
Progress Energy, Inc.
     72,945       2,824  
Public Service Enterprise Group, Inc.
     145,396       4,590  
Questar Corp.
     48,091       1,634  
SCANA Corp.
     32,900       1,128  
Sempra Energy
     69,392       3,042  
Southern Co.
     214,916       7,189  
TECO Energy, Inc.
     64,115       770  
The AES Corp. *
     186,639       1,476  
Wisconsin Energy Corp.
     32,400       1,444  
Xcel Energy, Inc.
     124,587       2,300  
 
                
 
             92,083  
 
                
 
Total Common Stock
(Cost $3,020,896)		             2,017,886  
 
                
                 
Security   Face Amount   Value
                   Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
 
Short-Term Investments 4.2% of net assets
                
 
                
Commercial Paper & Other Obligations 3.6%
                
Bank of America, Time Deposit
               
0.07%, 02/02/09
     9,454       9,454  
Citibank, London Time Deposit
               
0.07%, 02/02/09
     67,647       67,647  
 
                
 
             77,101  
 
                
U.S. Treasury Obligations 0.6%
                
U.S. Treasury Bill
                
(0.07)%, 03/26/09 (a)
     1,698       1,698  
(0.03)%, 03/26/09 (a)
     1,802       1,802  
(0.02)%, 03/26/09 (a)
     6,395       6,395  
0.00%, 03/26/09 (a)
     205       205  
0.01%, 03/26/09 (a)
     75       75  
0.04%, 03/26/09 (a)
     10       10  
0.07%, 03/26/09 (a)
     555       555  
0.08%, 03/26/09 (a)
     1,362       1,362  
 
                
 
             12,102  
 
                
Total Short-Term Investment
(Cost $89,203)		             89,203  
 
                
End of Investments.
(All dollar amounts x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $3,124,039 and the unrealized appreciation and depreciation were $55,798 and ($1,072,748), respectively, with a net unrealized depreciation of ($1,016,950).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
 
(b)   Issuer is affiliated with the fund’s adviser.
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
S & P 500 Index, e-mini, Long expires 03/20/09
     2,070       85,129       (5,516 )
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:

6

 

Schwab Institutional Select S&P 500 Fund
Portfolio Holdings (Unaudited) continued
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 2,017,886  
Level 2 - Other Significant Observable Inputs
     89,203  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 2,107,089  
 
      
 
*   Other Financial Instruments include future contracts of ($5,516).
REG46817JAN09

7

 

Schwab Capital Trust
Schwab Hedged Equity FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  91.3 %  
Common Stock
     453,643       366,585  
  0.1 %  
Foreign Common Stock
     491       428  
  6.8 %  
Other Investment Company
     27,179       27,179  
  0.5 %  
Short-Term Investment
     2,254       2,254  
  98.7 %  
Total Investments
     483,567       396,446  
  (38.4) %  
Short Sales
     (203,376 )     (154,285 )
  39.7 %  
Other Assets and Liabilities, Net
             159,271  
  100.0 %  
Total Net Assets
             401,432  
                 
             
Security   Number of
Shares		   Value
($ x 1,000)
Common Stock 91.3% of net assets
                
 
                
Banks 2.2%
                
SunTrust Banks, Inc. (a)
     153,900       1,887  
SVB Financial Group (a)*
     114,700       2,382  
UMB Financial Corp. (a)
     113,000       4,378  
 
                
 
             8,647  
 
                
Capital Goods 9.1%
                
AGCO Corp. (a)*
     178,100       3,790  
Armstrong World Industries, Inc.
     17,200       285  
Dover Corp. (a)
     66,200       1,872  
EMCOR Group, Inc. *
     454,200       9,352  
Gardner Denver, Inc. *
     75,200       1,637  
Hubbell, Inc., Class B
     31,200       967  
L-3 Communications Holdings, Inc.
     15,000       1,185  
Lockheed Martin Corp. (a)
     24,500       2,010  
Masco Corp. (a)
     159,000       1,244  
Raytheon Co. (a)
     215,200       10,894  
Tyco International Ltd. (a)
     113,800       2,392  
URS Corp. (a)*
     29,900       1,018  
 
                
 
             36,646  
 
                
Commercial & Professional Supplies 1.8%
                
Covanta Holding Corp. (a)*
     112,700       1,949  
R.R. Donnelley & Sons Co.
     227,700       2,222  
The Brink’s Co. (a)
     6,300       167  
Waste Management, Inc. (a)
     89,500       2,791  
 
                
 
             7,129  
 
                
Consumer Durables & Apparel 2.6%
                
Carter’s, Inc. (a)*
     159,800       2,715  
Jones Apparel Group, Inc.
     41,800       145  
Leggett & Platt, Inc. (a)
     57,000       712  
Polo Ralph Lauren Corp. (a)
     12,800       525  
Pulte Homes, Inc.
     97,800       993  
The Black & Decker Corp. (a)
     82,700       2,391  
The Warnaco Group, Inc. (a)*
     128,600       2,911  
 
                
 
             10,392  
 
                
Consumer Services 0.7%
                
Apollo Group, Inc., Class A (a)*
     25,700       2,093  
Regis Corp.
     54,300       611  
 
                
 
             2,704  
 
                
Diversified Financials 3.2%
                
Discover Financial Services
     326,500       2,335  
Investment Technology Group, Inc. *
     38,800       841  
JPMorgan Chase & Co. (a)
     66,800       1,704  
Northern Trust Corp. (a)
     141,100       8,116  
 
                
 
             12,996  
 
                
Energy 10.6%
                
Anadarko Petroleum Corp. (a)
     237,900       8,740  
Cameron International Corp. (a)*
     75,500       1,749  
Chevron Corp.
     61,200       4,316  
ConocoPhillips (a)
     9,100       433  
Dresser-Rand Group, Inc. *
     93,600       1,823  
Exxon Mobil Corp. (a)
     112,600       8,612  
Murphy Oil Corp.
     6,200       274  
Noble Energy (a)
     71,800       3,513  
Occidental Petroleum Corp. (a)
     66,500       3,628  
Sunoco, Inc.
     22,000       1,019  
Valero Energy Corp. (a)
     219,300       5,289  
W&T Offshore, Inc.
     255,800       3,215  
 
                
 
             42,611  
 
                
Food & Staples Retailing 1.1%
                
The Kroger Co. (a)
     200,450       4,510  
 
                
Food, Beverage & Tobacco 4.2%
                
Altria Group, Inc. (a)
     195,200       3,228  
Archer-Daniels-Midland Co.
     26,400       723  
Chiquita Brands International, Inc. (a)*
     263,100       3,678  
General Mills, Inc. (a)
     45,500       2,691  
Lancaster Colony Corp.
     22,300       812  
Reynolds American, Inc.
     57,900       2,211  
The Pepsi Bottling Group, Inc.
     187,400       3,615  
 
                
 
             16,958  
 
                
Health Care Equipment & Services 7.3%
                
Baxter International, Inc. (a)
     136,800       8,023  
Boston Scientific Corp. (a)*
     458,400       4,066  
CIGNA Corp.
     13,800       240  
Hlth Corp. (a)*
     28,600       325  
Humana, Inc. (a)*
     172,100       6,528  
Magellan Health Services, Inc. (a)*
     237,500       8,602  

1

 

Schwab Hedged Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Teleflex, Inc. (a)
     13,800       734  
Thoratec Corp. (a)*
     31,500       913  
 
                
 
             29,431  
 
                
Household & Personal Products 3.3%
                
Alberto-Culver Co. (a)
     77,500       1,895  
Church & Dwight Co., Inc. (a)
     172,700       9,193  
The Procter & Gamble Co.
     36,400       1,984  
 
                
 
             13,072  
 
                
Insurance 4.4%
                
American Financial Group, Inc. (a)
     142,000       2,411  
Aon Corp. (a)
     164,800       6,106  
Arch Capital Group Ltd. *
     49,100       2,953  
Assurant, Inc.
     53,500       1,412  
Axis Capital Holdings Ltd.
     37,700       915  
MetLife, Inc. (a)
     80,400       2,310  
PartnerRe Ltd.
     20,400       1,337  
W. R. Berkley Corp.
     12,012       318  
 
                
 
             17,762  
 
                
Materials 4.1%
                
AK Steel Holding Corp. (a)
     111,500       900  
Bemis Co., Inc.
     15,300       345  
Chemtura Corp.
     112,300       84  
MeadWestvaco Corp. (a)
     117,800       1,371  
Owens-Illinois, Inc. *
     13,900       264  
Pactiv Corp. *
     1,900       41  
Rock-Tenn Co., Class A (a)
     61,300       1,911  
Rockwood Holdings, Inc. *
     53,500       402  
Silgan Holdings, Inc.
     102,700       4,708  
Sonoco Products Co. (a)
     180,700       4,143  
The Lubrizol Corp. (a)
     37,400       1,276  
The Scotts Miracle-Gro Co., Class A
     30,900       996  
 
                
 
             16,441  
 
                
Media 2.5%
                
Cablevision Systems Corp., Class A (a)
     43,200       692  
Liberty Global, Inc., Series A (a)*
     97,800       1,425  
Marvel Entertainment, Inc. (a)*
     56,200       1,546  
The Interpublic Group of Cos., Inc. *
     516,500       1,720  
Time Warner Cable, Inc., Class A *
     69,200       1,289  
Time Warner, Inc. (a)
     379,400       3,540  
 
                
 
             10,212  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 8.2%
                
Amgen, Inc. *
     112,300       6,160  
Bio-Rad Laboratories, Inc., Class A (a)*
     11,800       750  
Cephalon, Inc. (a)*
     53,500       4,129  
Forest Laboratories, Inc. (a)*
     99,000       2,479  
King Pharmaceuticals, Inc. (a)*
     734,600       6,420  
Medicis Pharmaceutical Corp., Class A (a)
     92,300       1,286  
Pfizer, Inc. (a)
     230,600       3,362  
Techne Corp.
     33,900       2,033  
Thermo Fisher Scientific, Inc. (a)*
     170,500       6,126  
Watson Pharmaceuticals, Inc. *
     7,300       199  
 
                
 
             32,944  
 
                
Retailing 4.3%
                
Family Dollar Stores, Inc. (a)
     184,600       5,126  
Foot Locker, Inc.
     27,900       205  
Macy’s, Inc.
     6,700       60  
RadioShack Corp. (a)
     495,900       5,683  
The Gap, Inc. (a)
     493,300       5,565  
The Home Depot, Inc.
     21,800       469  
The Sherwin-Williams Co.
     700       34  
 
                
 
             17,142  
 
                
Semiconductors & Semiconductor Equipment 1.6%
                
Amkor Technology, Inc. (a)*
     725,900       1,684  
Integrated Device Technology, Inc. *
     372,300       2,137  
International Rectifier Corp. *
     6,900       94  
LSI Corp. *
     552,700       1,758  
MKS Instruments, Inc. (a)*
     41,700       586  
 
                
 
             6,259  
 
                
Software & Services 7.6%
                
Alliance Data Systems Corp. (a)*
     21,700       902  
BMC Software, Inc. (a)*
     357,700       9,061  
Computer Sciences Corp. (a)*
     13,300       490  
Hewitt Associates, Inc., Class A *
     252,800       7,174  
Sybase, Inc. *
     326,900       8,928  
Synopsys, Inc. (a)*
     204,200       3,778  
 
                
 
             30,333  
 
                
Technology Hardware & Equipment 5.3%
                
3Com Corp. *
     1,871,300       4,360  
Hewlett-Packard Co.
     257,600       8,952  
Ingram Micro, Inc., Class A *
     30,400       373  
JDS Uniphase Corp. (a)*
     769,700       2,794  
NCR Corp. *
     90,200       1,132  
Plantronics, Inc. (a)
     50,900       517  
Tellabs, Inc. *
     805,600       3,327  
 
                
 
             21,455  
 
                
Telecommunication Services 3.3%
                
Syniverse Holdings, Inc. (a)*
     93,300       1,265  
Telephone & Data Systems, Inc. (a)
     205,500       6,270  
United States Cellular Corp. (a)*
     81,800       3,431  
Windstream Corp. (a)
     272,000       2,361  
 
                
 
             13,327  
 
                
Transportation 1.6%
                
Alaska Air Group, Inc. *
     52,200       1,376  
AMR Corp. (a)*
     380,600       2,261  
Arkansas Best Corp. (a)
     66,100       1,546  
Union Pacific Corp.
     7,800       341  
Werner Enterprises, Inc. (a)
     59,400       891  
 
                
 
             6,415  
 
                
Utilities 2.3%
                
DTE Energy Co. (a)
     68,600       2,367  

2

 

Schwab Hedged Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
IDACORP, Inc.
     50,900       1,482  
Mirant Corp. *
     275,200       4,725  
New Jersey Resources Corp. (a)
     15,600       625  
 
                
 
             9,199  
 
                
 
                
Total Common Stock
(Cost $453,643)		             366,585  
 
                
 
                
Foreign Common Stock 0.1% of net assets
                
 
                
Bermuda 0.1%
                
Platinum Underwriters Holdings, Ltd.
     15,400       428  
 
                
 
                
Total Foreign Common Stock
(Cost $491)		             428  
 
                
                 
Security   Face Amount     Value  
                     Rate, Maturity Date   ($ x 1,000)     ($ x 1,000)  
Other Investment Company 6.8% of net assets
                
 
                
State Street Institutional Liquid Reserves Fund
1.07%, 02/02/09
     27,179       27,179  
 
              
 
Total Other Investment Companies
(Cost $27,179)		             27,179  
 
              
 
                
Short-Term Investment 0.5% of net assets
                
 
                
U.S. Treasury Bill 0.5%
                
U.S. Treasury Bill
(0.02)%, 03/26/09 (b)
     2,254       2,254  
 
              
 
Total Short-Term Investment
(Cost $2,254)		             2,254  
 
              
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $487,371 and the unrealized appreciation and depreciation were $12,511 and ($103,436), respectively, with a net unrealized depreciation of ($90,925).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for short sales.
 
(b)   All or a portion of this security is held as collateral for open futures contracts.
In addition to the above, the fund held the following at 01/31/09. All numbers are x1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
                        
S & P 500 Index, e-mini, Long, expires 03/20/09
     250       10,281       (742 )
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Short Sales 38.4% of net assets
                
 
                
Automobiles & Components 0.2%
                
Harley-Davidson, Inc.
     79,500       968  
 
                
Banks 0.8%
                
City National Corp.
     46,700       1,616  
TCF Financial Corp.
     130,200       1,613  
 
                
 
             3,229  
 
                
Capital Goods 4.8%
                
Caterpillar, Inc.
     92,200       2,844  
CLARCOR, Inc.
     126,300       3,832  
Danaher Corp.
     7,500       420  
Graco, Inc.
     41,800       889  
Kaydon Corp.
     57,500       1,564  
Moog, Inc., Class A *
     25,700       770  
Nordson Corp.
     52,200       1,577  
PACCAR, Inc.
     8,900       235  
RSC Holdings, Inc. *
     80,600       572  
Terex Corp. *
     170,900       2,024  
Textron, Inc.
     28,700       259  
The Boeing Co.
     97,100       4,108  
 
                
 
             19,094  
 
                
Commercial & Professional Supplies 1.4%
                
Corrections Corp. of America *
     111,900       1,542  
Iron Mountain, Inc. *
     64,400       1,318  
Mine Safety Appliances Co.
     134,000       2,629  
 
                
 
             5,489  
 
                
Consumer Durables & Apparel 0.6%
                
Deckers Outdoor Corp. *
     10,000       523  
Hanesbrands, Inc. *
     192,100       1,727  
Mattel, Inc.
     9,100       129  
 
                
 
             2,379  
 
                
Consumer Services 0.7%
                
Coinstar, Inc. *
     14,500       333  
International Game Technology
     87,500       928  
Sonic Corp. *
     161,100       1,569  
Starwood Hotels & Resorts Worldwide, Inc.
     6,200       94  
 
                
 
             2,924  
 
                
Diversified Financials 2.7%
                
Eaton Vance Corp.
     11,100       212  
Legg Mason, Inc.
     97,000       1,558  
Leucadia National Corp. *
     241,600       3,846  
MSCI, Inc., Class A *
     115,600       2,007  

3

 

Schwab Hedged Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
SLM Corp. *
     263,900       3,022  
T. Rowe Price Group, Inc.
     9,100       251  
 
                
 
             10,896  
 
                
Energy 3.8%
                
Baker Hughes, Inc.
     8,100       270  
Cabot Oil & Gas Corp.
     104,000       2,859  
CNX Gas Corp. *
     46,200       1,196  
Continental Resources, Inc. *
     104,700       2,164  
Petrohawk Energy Corp. *
     8,900       175  
Plains Exploration & Production Co. *
     43,600       921  
Quicksilver Resources, Inc. *
     169,300       1,173  
Rowan Cos., Inc.
     189,100       2,394  
XTO Energy, Inc.
     111,300       4,128  
 
                
 
             15,280  
 
                
Food & Staples Retailing 0.5%
                
CVS Caremark Corp.
     67,800       1,822  
Ruddick Corp.
     6,100       147  
 
                
 
             1,969  
 
                
Food, Beverage & Tobacco 1.6%
                
PepsiCo, Inc.
     53,100       2,667  
Philip Morris International, Inc.
     41,800       1,553  
Smithfield Foods, Inc. *
     185,100       2,197  
 
                
 
             6,417  
 
                
Health Care Equipment & Services 2.5%
                
Cardinal Health, Inc.
     7,100       267  
Emeritus Corp. *
     48,500       401  
IDEXX Laboratories, Inc. *
     92,300       3,028  
Psychiatric Solutions, Inc. *
     132,500       3,445  
Stryker Corp.
     7,300       309  
The Cooper Cos., Inc.
     143,400       2,720  
 
                
 
             10,170  
 
                
Insurance 1.1%
                
Fidelity National Financial, Inc., Class A
     275,600       4,029  
Mercury General Corp.
     7,800       302  
 
                
 
             4,331  
 
                
Materials 3.7%
                
Alcoa, Inc.
     159,500       1,242  
Eagle Materials, Inc.
     30,500       551  
Freeport-McMoRan Copper & Gold, Inc.
     37,900       953  
Martin Marietta Materials, Inc.
     42,800       3,446  
Newmont Mining Corp.
     8,100       322  
Praxair, Inc.
     5,200       324  
RTI International Metals, Inc. *
     49,100       654  
Steel Dynamics, Inc.
     273,100       2,900  
Texas Industries, Inc.
     126,500       2,873  
Titanium Metals Corp.
     83,200       587  
Westlake Chemical Corp.
     88,000       1,203  
 
                
 
             15,055  
 
                
Media 0.1%
                
Lamar Advertising Co., Class A *
     60,200       542  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 3.3%
                
AMAG Pharmaceuticals, Inc. *
     20,900       737  
Auxilium Pharmaceuticals, Inc. *
     103,100       3,151  
BioMarin Pharmaceuticals, Inc. *
     97,800       1,884  
Cepheid, Inc. *
     272,600       2,028  
Covance, Inc. *
     94,600       3,651  
Sequenom, Inc. *
     72,900       1,615  
 
                
 
             13,066  
 
                
Real Estate 0.4%
                
The St. Joe Co. *
     66,314       1,595  
 
                
Retailing 3.4%
                
Abercrombie & Fitch Co., Class A
     25,300       452  
Best Buy Co., Inc.
     8,900       249  
J. Crew Group, Inc. *
     142,900       1,429  
LKQ Corp. *
     151,900       1,755  
Nordstrom, Inc.
     112,300       1,425  
O’Reilly Automotive, Inc. *
     55,000       1,599  
Staples, Inc.
     179,800       2,866  
Target Corp.
     118,700       3,703  
 
                
 
             13,478  
 
                
Semiconductors & Semiconductor Equipment 0.8%
                
Linear Technology Corp.
     12,500       293  
NVIDIA Corp. *
     51,800       412  
Rambus, Inc. *
     273,500       2,478  
 
                
 
             3,183  
 
                
Software & Services 3.5%
                
Blackbaud, Inc.
     90,800       1,011  
Cognizant Technology Solutions Corp., Class A *
     11,700       219  
Electronic Arts, Inc. *
     97,700       1,508  
Equinix, Inc. *
     70,944       3,785  
Google, Inc., Class A *
     2,100       711  
Microsoft Corp.
     182,900       3,128  
Oracle Corp. *
     167,500       2,819  
Visa, Inc., Class A
     19,500       962  
 
                
 
             14,143  
 
                
Technology Hardware & Equipment 0.9%
                
EchoStar Corp., Class A *
     184,400       2,777  
Itron, Inc. *
     6,100       398  
QUALCOMM, Inc.
     14,200       491  
 
                
 
             3,666  
 
                
Telecommunication Services 0.6%
                
Crown Castle International Corp. *
     7,500       146  
MetroPCS Communications, Inc. *
     155,600       2,115  
 
                
 
             2,261  
 
                
Transportation 0.1%
                
Kansas City Southern *
     10,100       184  
United Parcel Service, Inc., Class B
     6,100       259  
 
                
 
             443  

4

 

Schwab Hedged Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Utilities 0.9%
                
Equitable Resources, Inc.
     108,300       3,707  
 
                
 
Total Short Sales
(Proceeds $203,376)		             154,285  
 
                
End of Short Sale Positions.
 
*   Non-income producing security.
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
                 
    Investments in   Securties
Valuation Inputs   Securties*   Sold Short
Level 1 - Quoted Prices
   $ 394,192       ($154,285 )
Level 2 - Other Significant Observable Inputs
     2,254       —  
Level 3 - Significant Unobservable Inputs
     —       —  
     
Total
   $ 396,446       ($154,285 )
     
 
*   Other financial instruments include future contracts of ($742).
REG46826JAN09

5

 

Schwab Capital Trust
Schwab Small-Cap Equity FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  94.8 %  
Common Stock
     238,491       157,798  
  1.4 %  
Foreign Common Stock
     2,977       2,322  
  3.9 %  
Short-Term Investments
     6,466       6,466  
  100.1 %  
Total Investments
     247,934       166,586  
  (0.1 )%  
Other Assets and Liabilities, Net
             (152 )
  100.0 %  
Total Net Assets
             166,434  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 94.8% of net assets
                
 
                
Automobiles & Components 0.2%
                
Lear Corp. *
     57,300       52  
Stoneridge, Inc. *
     60,600       119  
TRW Automotive Holdings Corp. *
     24,400       75  
 
                
 
             246  
 
                
Banks 6.4%
                
BancFirst Corp.
     48,100       1,713  
Bank Mutual Corp.
     20,200       178  
Center Financial Corp.
     9,400       45  
Central Pacific Financial Corp.
     24,900       168  
Chemical Financial Corp.
     15,000       342  
Commerce Bancshares, Inc.
     55,450       1,938  
First Citizens BancShares, Inc., Class A
     3,900       545  
Nara Bancorp, Inc.
     16,200       96  
NBT Bancorp, Inc.
     37,700       861  
Radian Group, Inc.
     19,500       63  
SVB Financial Group *
     87,200       1,811  
UCBH Holdings, Inc.
     31,100       73  
UMB Financial Corp.
     67,800       2,627  
Webster Financial Corp.
     26,400       110  
 
                
 
             10,570  
 
                
Capital Goods 11.3%
                
A.O. Smith Corp.
     13,000       357  
Acuity Brands, Inc.
     60,000       1,612  
AGCO Corp. *
     43,600       928  
Altra Holdings, Inc. *
     25,600       180  
American Science & Engineering, Inc.
     4,200       328  
American Woodmark Corp.
     25,200       379  
Apogee Enterprises, Inc.
     16,100       165  
Applied Signal Technology, Inc.
     20,900       367  
Blount International, Inc. *
     7,600       64  
Brady Corp., Class A
     23,200       485  
CIRCOR International, Inc.
     2,400       53  
Columbus McKinnon Corp., NY *
     3,700       47  
Crane Co.
     80,000       1,394  
Cubic Corp.
     50,500       1,372  
EMCOR Group, Inc. *
     130,300       2,683  
Encore Wire Corp.
     13,100       216  
EnPro Industries, Inc. *
     48,200       882  
Esterline Technologies Corp. *
     12,800       462  
Gardner Denver, Inc. *
     33,600       731  
Gibraltar Industries, Inc.
     72,200       739  
Griffon Corp. *
     27,700       276  
Kadant, Inc. *
     7,500       75  
Michael Baker Corp. *
     3,300       115  
Mueller Industries, Inc.
     27,700       557  
Orbital Sciences Corp. *
     18,800       315  
Robbins & Myers, Inc.
     30,000       519  
Simpson Manufacturing Co., Inc.
     7,600       152  
Tecumseh Products Co., Class A *
     18,900       155  
Teledyne Technologies, Inc. *
     6,600       184  
Tredegar Corp.
     83,700       1,381  
Trex Co., Inc. *
     19,400       287  
United Rentals, Inc. *
     51,300       286  
Wabash National Corp.
     73,600       208  
Watts Water Technologies, Inc., Class A
     40,300       898  
 
                
 
             18,852  
 
                
Commercial & Professional Supplies 3.5%
                
American Reprographics Co. *
     13,000       79  
Bowne & Co., Inc.
     89,967       252  
CDI Corp.
     32,800       352  
Consolidated Graphics, Inc. *
     4,900       79  
CRA International, Inc. *
     7,500       157  
Heidrick & Struggles International, Inc.
     6,200       94  
Hudson Highland Group, Inc. *
     46,300       114  
Knoll, Inc.
     59,900       408  
Spherion Corp. *
     290,900       416  
The Brink’s Co.
     21,900       579  
The Standard Register Co.
     34,300       249  
United Stationers, Inc. *
     3,700       104  
Viad Corp.
     9,400       209  
Volt Information Sciences, Inc. *
     19,700       105  
Watson Wyatt Worldwide, Inc., Class A
     57,200       2,660  
 
                
 
             5,857  
 
                
Consumer Durables & Apparel 5.6%
                
Blyth, Inc.
     133,300       455  
Carter’s, Inc. *
     41,300       702  
Furniture Brands International, Inc.
     132,300       271  
JAKKS Pacific, Inc. *
     19,400       356  
KB HOME
     43,000       459  

1

 

Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Kenneth Cole Productions, Inc., Class A
     20,000       128  
La-Z-Boy, Inc.
     38,500       37  
Lennar Corp., Class A
     8,700       67  
Maidenform Brands, Inc. *
     19,500       174  
Meritage Homes Corp. *
     3,200       35  
NVR, Inc. *
     1,600       682  
Pulte Homes, Inc.
     38,100       387  
Quiksilver, Inc. *
     26,600       56  
Steinway Musical Instruments, Inc. *
     9,900       114  
Steven Madden Ltd. *
     47,600       827  
The Stanley Works
     38,400       1,200  
The Timberland Co., Class A *
     51,400       565  
The Warnaco Group, Inc. *
     93,300       2,112  
Toll Brothers, Inc. *
     22,200       378  
Wolverine World Wide, Inc.
     21,600       392  
 
                
 
             9,397  
 
                
Consumer Services 2.2%
                
California Pizza Kitchen, Inc. *
     17,100       177  
Career Education Corp. *
     42,400       924  
Isle of Capri Casinos, Inc. *
     16,900       48  
Krispy Kreme Doughnuts, Inc. *
     254,300       353  
Landry’s Restaurant, Inc.
     15,100       98  
Multimedia Games, Inc. *
     10,000       17  
P.F. Chang’s China Bistro, Inc. *
     4,600       82  
Regis Corp.
     57,000       641  
Shuffle Master, Inc. *
     118,800       403  
Steiner Leisure Ltd. *
     17,500       436  
WMS Industries, Inc. *
     19,900       442  
 
                
 
             3,621  
 
                
Diversified Financials 3.5%
                
Advanta Corp., Class B
     182,100       142  
Cash America International, Inc.
     8,500       155  
CompuCredit Corp. *
     28,700       92  
Evercore Partners, Inc., Class A
     3,600       40  
GAMCO Investors, Inc., Class A
     5,800       181  
Interactive Brokers Group, Inc., Class A *
     45,900       701  
Investment Technology Group, Inc. *
     44,900       974  
Knight Capital Group, Inc., Class A *
     31,600       570  
LaBranche & Co., Inc. *
     108,800       746  
MarketAxess Holdings, Inc. *
     37,400       289  
Nelnet, Inc., Class A
     27,700       383  
optionsXpress Holdings, Inc.
     50,100       546  
Penson Worldwide, Inc. *
     36,300       217  
SWS Group, Inc.
     21,000       308  
TradeStation Group, Inc. *
     99,700       549  
 
                
 
             5,893  
 
                
Energy 4.5%
                
Basic Energy Services, Inc. *
     61,700       592  
Dresser-Rand Group, Inc. *
     85,100       1,658  
Foundation Coal Holdings, Inc.
     19,500       316  
Massey Energy Co.
     34,300       521  
Matrix Service Co. *
     50,000       265  
Newpark Resources, Inc. *
     17,900       75  
Oil States International, Inc. *
     5,500       101  
Pioneer Drilling Co. *
     9,700       48  
Rosetta Resources, Inc. *
     84,700       514  
Seacor Holdings, Inc. *
     5,500       358  
VAALCO Energy, Inc. *
     159,200       1,196  
W&T Offshore, Inc.
     92,000       1,156  
World Fuel Services Corp.
     18,500       625  
 
                
 
             7,425  
 
                
Food & Staples Retailing 0.5%
                
Casey’s General Stores, Inc.
     29,800       633  
The Pantry, Inc. *
     11,400       190  
 
                
 
             823  
 
                
Food, Beverage & Tobacco 1.2%
                
Alliance One International, Inc. *
     476,100       1,143  
Chiquita Brands International, Inc. *
     16,900       236  
J & J Snack Foods Corp.
     11,500       401  
Universal Corp., VA
     5,000       153  
 
                
 
             1,933  
 
                
Health Care Equipment & Services 11.1%
                
Alliance Imaging, Inc. *
     83,400       739  
American Medical Systems Holdings, Inc. *
     45,600       488  
AMERIGROUP Corp. *
     76,500       2,140  
AMN Healthcare Services, Inc. *
     13,700       93  
Cantel Medical Corp. *
     2,900       43  
Centene Corp. *
     60,000       1,064  
Chemed Corp.
     4,000       160  
CONMED Corp. *
     69,800       1,092  
CryoLife, Inc. *
     46,100       380  
Cyberonics, Inc. *
     12,100       186  
Emergency Medical Services Corp., Class A *
     24,800       831  
Gentiva Health Services, Inc. *
     1,600       40  
Hanger Orthopedic Group, Inc. *
     25,400       347  
Healthspring, Inc. *
     19,500       340  
Icu Medical, Inc. *
     12,100       369  
Immucor, Inc. *
     11,500       319  
Invacare Corp.
     29,200       557  
Inventiv Health, Inc. *
     11,700       112  
Landauer, Inc.
     4,500       309  
Magellan Health Services, Inc. *
     80,900       2,930  
Merit Medical Systems, Inc. *
     136,900       2,107  
Molina Healthcare, Inc. *
     62,500       1,096  
Omnicare, Inc.
     36,000       1,007  
Omnicell, Inc. *
     25,100       196  
Owens & Minor, Inc.
     14,600       581  
PharMerica Corp. *
     10,600       174  
RehabCare Group, Inc. *
     33,300       464  
Res-Care, Inc. *
     14,500       196  
U.S. Physical Therapy, Inc. *
     8,000       98  
 
                
 
             18,458  
 
                
Household & Personal Products 0.8%
                
Alberto-Culver Co.
     6,200       151  

2

 

Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Central Garden & Pet Co., Class A *
     73,800       443  
Church & Dwight Co., Inc.
     2,200       117  
NBTY, Inc. *
     17,900       338  
Revlon, Inc., Class A *
     51,600       305  
 
                
 
             1,354  
 
                
Insurance 3.9%
                
Allied World Assurance Co. Holdings Ltd.
     20,300       765  
American Financial Group, Inc.
     93,300       1,584  
American Physicians Capital, Inc.
     15,250       648  
Amerisafe, Inc. *
     33,300       624  
Aspen Insurance Holdings Ltd.
     3,400       75  
Harleysville Group, Inc.
     39,900       1,135  
HCC Insurance Holdings, Inc.
     44,500       1,042  
ProAssurance Corp. *
     11,400       539  
Safety Insurance Group, Inc.
     2,100       73  
Selective Insurance Group, Inc.
     2,000       31  
 
                
 
             6,516  
 
                
Materials 3.9%
                
A. Schulman, Inc.
     35,300       535  
AK Steel Holding Corp.
     99,000       799  
Brush Engineered Materials, Inc. *
     6,900       87  
Bway Holding Co. *
     15,400       130  
Georgia Gulf Corp.
     20,000       19  
Innophos Holdings, Inc.
     22,400       339  
Landec Corp. *
     15,400       85  
Minerals Technologies, Inc.
     5,700       215  
PolyOne Corp. *
     135,300       277  
Quaker Chemical Corp.
     56,600       646  
Rock-Tenn Co., Class A
     45,600       1,421  
Rockwood Holdings, Inc. *
     114,700       861  
Sonoco Products Co.
     37,200       853  
The Lubrizol Corp.
     6,500       222  
 
                
 
             6,489  
 
                
Media 0.4%
                
Marvel Entertainment, Inc. *
     9,400       258  
The Interpublic Group of Cos., Inc. *
     119,700       399  
Warner Music Group Corp.
     18,400       38  
 
                
 
             695  
 
                
Pharmaceuticals & Biotechnology 4.2%
                
Cephalon, Inc. *
     3,100       239  
King Pharmaceuticals, Inc. *
     41,500       363  
Martek Biosciences Corp. *
     9,000       238  
Matrixx Initiatives, Inc. *
     20,800       360  
Medicis Pharmaceutical Corp., Class A
     72,000       1,003  
Noven Pharmaceuticals, Inc. *
     27,000       268  
NPS Pharmacuticals, Inc. *
     36,200       226  
OSI Pharmaceuticals, Inc. *
     38,800       1,381  
Par Pharmaceutical Cos., Inc. *
     73,900       910  
Regeneron Pharmaceuticals, Inc. *
     8,000       140  
Valeant Pharmaceuticals International *
     7,400       161  
ViroPharma, Inc. *
     72,000       864  
Watson Pharmaceuticals, Inc. *
     33,300       908  
 
                
 
             7,061  
 
                
Real Estate 3.2%
                
BioMed Realty Trust, Inc.
     45,000       497  
EastGroup Properties, Inc.
     8,000       243  
Entertainment Properties Trust
     20,000       453  
Essex Property Trust, Inc.
     1,500       99  
Home Properties, Inc.
     20,000       718  
Inland Real Estate Corp.
     25,000       247  
Kilroy Realty Corp.
     20,200       462  
Mid-America Apartment Communities, Inc.
     8,000       236  
National Retail Properties, Inc.
     45,000       649  
PS Business Parks, Inc.
     7,000       300  
Senior Housing Properties Trust
     65,000       1,052  
Tanger Factory Outlet Centers, Inc.
     12,500       379  
 
                
 
             5,335  
 
                
Retailing 3.8%
                
Family Dollar Stores, Inc.
     14,900       414  
Fred’s, Inc., Class A
     5,600       57  
Hot Topic, Inc. *
     195,400       1,669  
Jo-Ann Stores, Inc. *
     30,000       383  
Lithia Motors, Inc., Class A
     10,000       31  
Overstock.com, Inc. *
     7,700       84  
RadioShack Corp.
     68,900       789  
Rent-A-Center, Inc. *
     6,800       101  
Retail Ventures, Inc. *
     15,800       38  
Shoe Carnival, Inc. *
     12,200       96  
Stage Stores, Inc.
     8,900       64  
The Cato Corp., Class A
     79,800       1,056  
The Children’s Place Retail Stores, Inc. *
     25,600       481  
The Dress Barn, Inc. *
     36,200       312  
The Finish Line, Inc., Class A
     75,200       357  
The Talbots, Inc.
     95,500       194  
The Wet Seal, Inc., Class A *
     64,600       169  
Tuesday Morning Corp. *
     17,500       21  
 
                
 
             6,316  
 
                
Semiconductors & Semiconductor Equipment 2.8%
                
Advanced Energy Industries, Inc. *
     10,200       92  
Amkor Technology, Inc. *
     151,600       352  
Applied Micro Circuits Corp. *
     28,200       113  
Atmel Corp. *
     88,800       297  
Cirrus Logic, Inc. *
     20,300       57  
DSP Group, Inc. *
     20,300       132  
Entegris, Inc. *
     49,000       68  
Fei Co. *
     8,800       160  
Integrated Device Technology, Inc. *
     189,300       1,087  
MKS Instruments, Inc. *
     26,300       369  
Silicon Image, Inc. *
     80,800       296  

3

 

Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Silicon Storage Technology, Inc. *
     62,900       129  
Skyworks Solutions, Inc. *
     84,700       366  
Ultratech, Inc. *
     74,500       834  
Veeco Instruments, Inc. *
     60,400       292  
 
                
 
             4,644  
 
                
Software & Services 8.2%
                
CIBER, Inc. *
     41,900       183  
Global Payments, Inc.
     40,000       1,388  
Hewitt Associates, Inc., Class A *
     100,000       2,838  
i2 Technologies, Inc. *
     58,300       364  
Informatica Corp. *
     5,100       65  
JDA Software Group, Inc. *
     13,800       155  
MSC.Software Corp. *
     16,000       93  
Novell, Inc. *
     642,500       2,377  
SPSS, Inc. *
     25,100       645  
Sybase, Inc. *
     103,000       2,813  
Synopsys, Inc. *
     137,100       2,536  
TiVo, Inc. *
     22,600       162  
United Online, Inc.
     9,400       58  
 
                
 
             13,677  
 
                
Technology Hardware & Equipment 6.7%
                
3Com Corp. *
     67,900       158  
Adaptec, Inc. *
     257,500       718  
ADC Telecommunications, Inc. *
     25,800       131  
Arris Group, Inc. *
     62,200       443  
Avid Technology, Inc. *
     20,300       203  
Avocent Corp. *
     21,500       309  
Benchmark Electronics, Inc. *
     32,200       378  
Black Box Corp.
     12,000       262  
Cognex Corp.
     16,000       209  
Coherent, Inc. *
     19,500       353  
Emulex Corp. *
     305,800       1,746  
Harmonic, Inc. *
     54,500       281  
Hutchinson Technology, Inc. *
     50,000       158  
Ixia *
     7,400       39  
JDS Uniphase Corp. *
     48,100       175  
LoJack Corp. *
     5,000       19  
Mercury Computer Systems, Inc. *
     40,300       241  
Methode Electronics, Inc.
     173,000       799  
NCR Corp. *
     20,900       262  
Novatel Wireless, Inc. *
     34,600       192  
Plantronics, Inc.
     39,900       405  
QLogic Corp. *
     116,300       1,316  
Rackable Systems, Inc. *
     84,900       334  
Rogers Corp. *
     23,600       578  
Symmetricom, Inc. *
     65,800       244  
Tekelec *
     49,400       614  
Tellabs, Inc. *
     83,100       343  
Tollgrade Communications, Inc. *
     4,000       23  
Vishay Intertechnology, Inc. *
     92,500       274  
 
                
 
             11,207  
 
                
Telecommunication Services 1.0%
                
Syniverse Holdings, Inc. *
     122,200       1,657  
 
                
Transportation 1.8%
                
Arkansas Best Corp.
     3,800       89  
Avis Budget Group, Inc. *
     120,200       83  
Hawaiian Holdings, Inc. *
     42,600       173  
Heartland Express, Inc.
     16,500       222  
Hub Group, Inc., Class A *
     19,600       445  
International Shipholding Corp.
     5,700       123  
JetBlue Airways Corp. *
     68,600       386  
Marten Transport Ltd. *
     23,000       406  
Republic Airways Holdings, Inc. *
     20,500       168  
SkyWest, Inc.
     27,700       434  
USA Truck, Inc. *
     10,400       150  
Werner Enterprises, Inc.
     19,700       295  
 
                
 
             2,974  
 
                
Utilities 4.1%
                
Calpine Corp. *
     99,700       739  
Central Vermont Public Services Corp.
     25,100       567  
El Paso Electric Co. *
     72,700       1,202  
Mirant Corp. *
     62,200       1,068  
National Fuel Gas Co.
     50,000       1,498  
New Jersey Resources Corp.
     43,000       1,724  
 
                
 
             6,798  
 
                
Total Common Stock
(Cost $238,491)		             157,798  
 
                
 
                
Foreign Common Stock 1.4% of net assets
                
 
                
Bermuda 1.4%
                
 
                
Insurance 1.4%
                
Platinum Underwriters Holdings, Ltd.
     83,500       2,322  
 
                
 
Total Foreign Common Stock
(Cost $2,977)		             2,322  
 
                
                 
Security   Face Amount   Value
                         Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 3.9% of net assets
                
 
                
Commercial Paper & Other Obligations 3.7%
                
Bank of America, Time Deposit
                
0.07%, 02/02/09
     446       446  
Citibank, London Time Deposit
                
0.07%, 02/02/09
     5,650       5,650  
 
                
 
             6,096  
 
                
U.S. Treasury Obligation 0.2%
                
U.S. Treasury Bill
               
(0.02)%, 03/26/09 (a)
     370       370  
 
                
 
Total Short-Term Investments
(Cost $6,466)		             6,466  
 
                
End of Investments.

4

 

Schwab Small-Cap Equity Fund
Portfolio Holdings (Unaudited) continued
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $248,196 and the unrealized appreciation and depreciation were $3,585 and ($85,195), respectively, with a net unrealized depreciation of ($81,610).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
                        
Russell 2000 Index, e-mini, Long, expires 03/20/09
     60       2,656       (280 )
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 160,120  
Level 2 - Other Significant Observable Inputs
     6,466  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 166,586  
 
      
 
*   Other financial instruments include future contracts of ($280).
REG46825JAN09

5

 

Schwab Capital Trust
Schwab Dividend Equity FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  98.0 %  
Common Stock
     1,408,925       1,073,854  
  1.8 %  
Short-Term Investments
     19,974       19,974  
  99.8 %  
Total Investments
     1,428,899       1,093,828  
  0.2 %  
Other Assets and Liabilities, Net
             2,042  
  100.0 %  
Total Net Assets
             1,095,870  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 98.0% of net assets
                
 
                
Banks 0.8%
                
KeyCorp
     577,500       4,204  
SunTrust Banks, Inc.
     400,887       4,915  
 
                
 
             9,119  
 
                
Capital Goods 9.1%
                
Cooper Industries Ltd., Class A
     255,000       6,862  
Emerson Electric Co.
     423,600       13,852  
L-3 Communications Holdings, Inc.
     150,000       11,853  
Lockheed Martin Corp.
     200,000       16,408  
Masco Corp.
     300,000       2,346  
Northrop Grumman Corp.
     290,400       13,974  
Raytheon Co.
     487,100       24,657  
Tyco International Ltd.
     300,000       6,306  
United Technologies Corp.
     75,000       3,599  
 
                
 
             99,857  
 
                
Commercial & Professional Supplies 2.5%
                
Pitney Bowes, Inc.
     200,000       4,452  
R.R. Donnelley & Sons Co.
     460,000       4,490  
Waste Management, Inc.
     590,000       18,402  
 
                
 
             27,344  
 
                
Consumer Durables & Apparel 2.2%
                
D.R. Horton, Inc.
     1,169,314       6,969  
Hasbro, Inc.
     325,000       7,842  
Leggett & Platt, Inc.
     250,000       3,123  
VF Corp.
     100,000       5,602  
 
                
 
             23,536  
 
                
Consumer Services 2.4%
                
McDonald’s Corp.
     375,000       21,757  
Yum! Brands, Inc.
     150,000       4,293  
 
                
 
             26,050  
 
                
Diversified Financials 5.8%
                
Bank of America Corp.
     875,400       5,760  
Bank of New York Mellon Corp.
     879,845       22,647  
Capital One Financial Corp.
     100,000       1,584  
JPMorgan Chase & Co.
     775,584       19,785  
Northern Trust Corp.
     175,000       10,066  
State Street Corp.
     170,000       3,956  
 
                
 
             63,798  
 
                
Energy 13.6%
                
Anadarko Petroleum Corp.
     200,000       7,348  
Boardwalk Pipeline Partners L.P.
     191,500       4,079  
Chevron Corp.
     375,000       26,445  
ConocoPhillips
     400,000       19,012  
Devon Energy Corp.
     160,000       9,856  
Exxon Mobil Corp.
     325,800       24,917  
Noble Energy
     182,500       8,930  
Occidental Petroleum Corp.
     420,000       22,911  
Patterson-UTI Energy, Inc.
     225,000       2,151  
Sunoco, Inc.
     100,000       4,632  
The Williams Cos., Inc.
     230,000       3,255  
Valero Energy Corp.
     635,000       15,316  
 
                
 
             148,852  
 
                
Food & Staples Retailing 1.3%
                
The Kroger Co.
     335,000       7,538  
Wal-Mart Stores, Inc.
     150,000       7,068  
 
                
 
             14,606  
 
                
Food, Beverage & Tobacco 8.3%
                
Altria Group, Inc.
     610,000       10,089  
General Mills, Inc.
     270,000       15,970  
H.J. Heinz Co.
     435,000       15,878  
Kellogg Co.
     340,000       14,855  
Reynolds American, Inc.
     426,400       16,280  
The Coca-Cola Co.
     370,000       15,806  
The J.M. Smucker Co.
     39,197       1,770  
 
                
 
             90,648  
 
                
Health Care Equipment & Services 3.4%
                
Baxter International, Inc.
     325,000       19,061  
Becton, Dickinson & Co.
     254,000       18,458  
 
                
 
             37,519  
 
                
Household & Personal Products 2.8%
                
Colgate-Palmolive Co.
     235,000       15,284  
The Procter & Gamble Co.
     279,964       15,258  
 
                
 
             30,542  
 
                
Insurance 6.1%
                
Aon Corp.
     396,250       14,681  
Axis Capital Holdings Ltd.
     100,000       2,426  
HCC Insurance Holdings, Inc.
     385,000       9,013  
Lincoln National Corp.
     300,000       4,539  
The Allstate Corp.
     328,200       7,112  
The Chubb Corp.
     351,000       14,946  

1

 

Schwab Dividend Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Travelers Cos., Inc.
     358,000       13,833  
 
                
 
             66,550  
 
                
Materials 1.4%
                
International Paper Co.
     500,000       4,560  
MeadWestvaco Corp.
     150,000       1,746  
Sonoco Products Co.
     100,000       2,293  
The Lubrizol Corp.
     200,000       6,824  
 
                
 
             15,423  
 
                
Media 0.8%
                
CBS Corp., Class B
     600,000       3,432  
Gannett Co., Inc.
     200,000       1,154  
Time Warner, Inc.
     500,000       4,665  
 
                
 
             9,251  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 12.5%
                
Abbott Laboratories
     425,000       23,562  
Bristol-Myers Squibb Co.
     850,000       18,199  
Eli Lilly & Co.
     550,000       20,251  
Johnson & Johnson
     387,000       22,326  
Merck & Co., Inc.
     560,000       15,988  
Pfizer, Inc.
     1,200,000       17,496  
Wyeth
     455,000       19,551  
 
                
 
             137,373  
 
                
Real Estate 0.8%
                
Boston Properties, Inc.
     65,000       2,815  
Essex Property Trust, Inc.
     50,000       3,302  
Vornado Realty Trust
     60,000       3,049  
 
                
 
             9,166  
 
                
Retailing 0.8%
                
Genuine Parts Co.
     121,000       3,874  
The Gap, Inc.
     400,000       4,512  
 
                
 
             8,386  
 
                
Semiconductors & Semiconductor Equipment 2.5%
                
Analog Devices, Inc.
     290,000       5,794  
Applied Materials, Inc.
     700,000       6,559  
Intel Corp.
     1,125,000       14,513  
 
                
 
             26,866  
 
                
Software & Services 5.2%
                
Accenture Ltd., Class A
     535,000       16,885  
Automatic Data Processing, Inc.
     335,000       12,170  
CA, Inc.
     300,000       5,397  
Microsoft Corp.
     1,000,000       17,100  
Paychex, Inc.
     200,000       4,858  
 
                
 
             56,410  
 
                
Technology Hardware & Equipment 4.5%
                
Harris Corp.
     100,000       4,329  
Hewlett-Packard Co.
     520,000       18,070  
International Business Machines Corp.
     242,500       22,225  
Molex, Inc.
     100,000       1,337  
Seagate Technology
     385,000       1,459  
Xerox Corp.
     290,000       1,926  
 
                
 
             49,346  
 
                
Telecommunication Services 4.1%
                
AT&T, Inc.
     450,407       11,089  
CenturyTel, Inc.
     100,000       2,714  
Embarq Corp.
     210,000       7,501  
Frontier Communications Corp.
     700,000       5,677  
Qwest Communications International, Inc.
     700,000       2,254  
Verizon Communications, Inc.
     477,300       14,257  
Windstream Corp.
     200,000       1,736  
 
                
 
             45,228  
 
                
Transportation 0.4%
                
CSX Corp.
     150,000       4,344  
 
                
Utilities 6.7%
                
American Electric Power Co., Inc.
     451,000       14,139  
CenterPoint Energy, Inc.
     150,000       2,007  
DTE Energy Co.
     425,000       14,663  
Duke Energy Corp.
     250,000       3,788  
Edison International
     100,000       3,257  
PG&E Corp.
     450,000       17,401  
Pinnacle West Capital Corp.
     75,000       2,510  
Progress Energy, Inc.
     410,000       15,875  
 
                
 
             73,640  
 
                
 
    
Total Common Stock
(Cost $1,408,925)		             1,073,854  
 
                
                 
Security   Face Amount   Value
                                    Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 1.8% of net assets
                
 
                
Commercial Paper & Other Obligations 1.7%
                
Citibank, London Time Deposit
                
0.07%, 02/02/09
     19,010       19,010  
 
                
U.S. Treasury Obligations 0.1%
                
U.S. Treasury Bills
                
(0.02)%, 03/26/09 (a)
     560       560  
0.08%, 03/26/09 (a)
     398       398  
0.07%, 03/26/09 (a)
     6       6  
 
                
 
             964  
 
                
 
    
Total Short-Term Investments
(Cost $19,974)		             19,974  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/2009, the tax basis cost of the fund’s investments was $1,428,899 and the unrealized appreciation and depreciation were $55,781 and ($390,852), respectively, with a net unrealized depreciation of ($335,071).

2

 

Schwab Dividend Equity Fund
Portfolio Holdings (Unaudited) continued
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
                        
S & P 500 Index, e-mini, Long, expires 03/20/09
     175       7,197       (633 )
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
         
    Investments in  
Valuation Inputs   Securties*  
Level 1 - Quoted Prices
   $ 1,073,854  
Level 2 - Other Significant Observable Inputs
     19,974  
Level 3 - Significant Unobservable Inputs
     —  
 
      
Total
   $ 1,093,828  
 
      
 
*   Other financial instruments include future contracts of ($633).
REG46824JAN09

3

 

Schwab Capital Trust
Schwab Core Equity FundTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  96.2 %  
Common Stock
     1,673,075       1,289,651  
  3.4 %  
Other Investment Company
     45,921       45,921  
  0.3 %  
Short-Term Investment
     3,852       3,852  
  99.9 %  
Total Investments
     1,722,848       1,339,424  
  0.1 %  
Other Assets and Liabilities, Net
             1,421  
  100.0 %  
Total Net Assets
             1,340,845  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 96.2% of net assets
                
 
                
Banks 0.3%
                
KeyCorp
     355,000       2,584  
SunTrust Banks, Inc.
     160,000       1,962  
 
                
 
             4,546  
 
                
Capital Goods 11.9%
                
AGCO Corp. *
     115,510       2,458  
Dover Corp.
     30,000       848  
Emerson Electric Co.
     178,320       5,831  
Fluor Corp.
     239,500       9,317  
General Dynamics Corp.
     50,110       2,843  
Jacobs Engineering Group, Inc. *
     90,000       3,480  
Lockheed Martin Corp.
     669,430       54,920  
Northrop Grumman Corp.
     220,450       10,608  
Raytheon Co.
     1,185,720       60,021  
Tyco International Ltd.
     449,100       9,440  
 
                
 
             159,766  
 
                
Consumer Durables & Apparel 0.4%
                
Polo Ralph Lauren Corp.
     85,000       3,488  
Toll Brothers, Inc. *
     75,000       1,276  
 
                
 
             4,764  
 
                
Consumer Services 2.5%
                
Apollo Group, Inc., Class A *
     165,000       13,441  
McDonald’s Corp.
     350,000       20,307  
 
                
 
             33,748  
 
                
Diversified Financials 6.0%
                
Ameriprise Financial, Inc.
     433,550       8,736  
Bank of America Corp.
     750,000       4,935  
Bank of New York Mellon Corp.
     528,280       13,598  
Discover Financial Services
     300,000       2,145  
JPMorgan Chase & Co.
     1,424,200       36,331  
Northern Trust Corp.
     143,290       8,242  
State Street Corp.
     280,100       6,518  
 
                
 
             80,505  
 
                
Energy 13.7%
                
Anadarko Petroleum Corp.
     200,000       7,348  
Chevron Corp.
     443,030       31,242  
ConocoPhillips
     374,900       17,819  
Devon Energy Corp.
     120,000       7,392  
Exxon Mobil Corp.
     800,950       61,257  
Murphy Oil Corp.
     120,000       5,301  
National-Oilwell Varco, Inc. *
     101,050       2,672  
Noble Energy
     197,500       9,664  
Occidental Petroleum Corp.
     464,490       25,338  
Sunoco, Inc.
     200,000       9,264  
Valero Energy Corp.
     235,000       5,668  
 
                
 
             182,965  
 
                
Food & Staples Retailing 3.4%
                
SUPERVALU, Inc.
     25,000       438  
The Kroger Co.
     700,000       15,750  
Wal-Mart Stores, Inc.
     630,000       29,686  
 
                
 
             45,874  
 
                
Food, Beverage & Tobacco 5.3%
                
Altria Group, Inc.
     490,890       8,119  
Archer-Daniels-Midland Co.
     320,000       8,762  
Coca-Cola Enterprises, Inc.
     345,000       3,874  
Constellation Brands, Inc., Class A *
     100,000       1,452  
General Mills, Inc.
     430,340       25,455  
Reynolds American, Inc.
     93,960       3,587  
Sara Lee Corp.
     139,580       1,400  
The Coca-Cola Co.
     280,440       11,981  
The J.M. Smucker Co.
     76,220       3,441  
The Pepsi Bottling Group, Inc.
     150,000       2,894  
 
                
 
             70,965  
 
                
Health Care Equipment & Services 7.5%
                
Aetna, Inc.
     499,095       15,472  
Baxter International, Inc.
     496,680       29,130  
Becton, Dickinson & Co.
     123,110       8,946  
CIGNA Corp.
     326,760       5,673  
DaVita, Inc. *
     140,000       6,580  
Express Scripts, Inc. *
     246,160       13,234  
Humana, Inc. *
     305,885       11,602  
Omnicare, Inc.
     360,000       10,066  
 
                
 
             100,703  
 
                
Household & Personal Products 3.8%
                
Church & Dwight Co., Inc.
     205,000       10,912  
The Procter & Gamble Co.
     744,389       40,569  
 
                
 
             51,481  
 
                
Insurance 4.7%
                
American Financial Group, Inc.
     79,290       1,346  
Aon Corp.
     125,000       4,631  
MetLife, Inc.
     700,000       20,111  
Prudential Financial, Inc.
     211,090       5,436  

1

 

Schwab Core Equity Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Chubb Corp.
     152,660       6,500  
The Hartford Financial Services Group, Inc.
     159,990       2,106  
The Travelers Cos., Inc.
     582,940       22,525  
 
                
 
             62,655  
 
                
Materials 1.7%
                
AK Steel Holding Corp.
     127,270       1,027  
Celanese Corp., Series A
     165,030       1,758  
International Paper Co.
     167,155       1,524  
Owens-Illinois, Inc. *
     123,710       2,351  
Sonoco Products Co.
     326,650       7,490  
Terra Industries, Inc.
     125,000       2,560  
The Lubrizol Corp.
     188,070       6,417  
 
                
 
             23,127  
 
                
Media 0.8%
                
CBS Corp., Class B
     369,090       2,111  
Liberty Global, Inc., Series A *
     150,000       2,185  
Omnicom Group, Inc.
     88,050       2,280  
Time Warner, Inc.
     500,000       4,665  
 
                
 
             11,241  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 12.0%
                
Amgen, Inc. *
     380,000       20,843  
Bristol-Myers Squibb Co.
     250,000       5,352  
Celgene Corp. *
     149,000       7,890  
Cephalon, Inc. *
     245,000       18,909  
Eli Lilly & Co.
     100,000       3,682  
Endo Pharmaceuticals Holdings, Inc. *
     86,560       1,945  
Forest Laboratories, Inc. *
     350,000       8,764  
Genentech, Inc. *
     125,000       10,155  
Johnson & Johnson
     200,000       11,538  
Life Technologies Corp. *
     221,637       5,643  
Merck & Co., Inc.
     517,080       14,763  
Pfizer, Inc.
     2,382,530       34,737  
Schering-Plough Corp.
     200,000       3,512  
Watson Pharmaceuticals, Inc. *
     305,000       8,320  
Wyeth
     100,000       4,297  
 
                
 
             160,350  
 
                
Retailing 1.6%
                
Family Dollar Stores, Inc.
     350,000       9,719  
The Gap, Inc.
     770,000       8,686  
The Sherwin-Williams Co.
     70,000       3,343  
 
                
 
             21,748  
 
                
Semiconductors & Semiconductor Equipment 1.3%
                
Broadcom Corp., Class A *
     529,150       8,387  
Intel Corp.
     548,020       7,070  
LSI Corp. *
     650,000       2,067  
 
                
 
             17,524  
 
                
Software & Services 4.7%
                
Accenture Ltd., Class A
     125,000       3,945  
Adobe Systems, Inc. *
     100,000       1,931  
BMC Software, Inc. *
     510,640       12,934  
Cadence Design Systems, Inc. *
     602,790       2,278  
Microsoft Corp.
     645,650       11,041  
Symantec Corp. *
     1,375,900       21,093  
Synopsys, Inc. *
     506,140       9,364  
 
                
 
             62,586  
 
                
Technology Hardware & Equipment 10.6%
                
Apple, Inc. *
     150,565       13,570  
Cisco Systems, Inc. *
     202,650       3,034  
Hewlett-Packard Co.
     1,628,900       56,604  
International Business Machines Corp.
     693,160       63,528  
NCR Corp. *
     126,445       1,587  
Xerox Corp.
     549,070       3,646  
 
                
 
             141,969  
 
                
Telecommunication Services 1.8%
                
CenturyTel, Inc.
     248,360       6,741  
Frontier Communications Corp.
     925,555       7,506  
Qwest Communications International, Inc.
     2,119,420       6,825  
Telephone & Data Systems, Inc.
     105,290       3,212  
 
                
 
             24,284  
 
                
Transportation 1.0%
                
AMR Corp. *
     125,000       743  
Continental Airlines, Inc., Class B *
     170,960       2,303  
CSX Corp.
     115,000       3,330  
Union Pacific Corp.
     150,000       6,568  
 
                
 
             12,944  
 
                
Utilities 1.2%
                
Duke Energy Corp.
     210,000       3,181  
NRG Energy, Inc. *
     450,000       10,512  
PG&E Corp.
     57,220       2,213  
 
                
 
             15,906  
 
                
 
    
Total Common Stock
(Cost $1,673,075)		             1,289,651  
 
                
 
                
Other Investment Company 3.4% of net assets
                
 
                
State Street Institutional Liquid Reserves Fund — Institutional Class
     45,921,040       45,921  
 
                
Total Other Investment Company
(Cost $45,921)		             45,921  
 
                
                 
    Face/Maturity        
Issuer   Amount     Value  
Rate, Maturity Date   ($ x 1,000)     ($ x 1,000)  
Short-Term Investment 0.3% of net assets
                
 
                
U.S. Treasury Obligation 0.3%
                
U.S. Treasury Bill
                
(0.02)%, 03/26/09 (a)
     3,852       3,852  
 
              
Total Short-Term Investment
(Cost $3,852)		             3,852  
 
              

2

 

Schwab Core Equity Fund
Portfolio Holdings (Unaudited) continued
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $1,727,858 and the unrealized appreciation and depreciation were $42,938 and ($431,372), respectively, with a net unrealized depreciation of ($388,434).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
In addition to the above, the fund held the following at 01/31/09. All numbers are x1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
                        
S & P 500 Index, e-mini, Long, expires 03/20/09
     700       28,788       (1,746 )

3

 

Schwab Core Equity Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
                 
            Investments in  
Valuation Inputs           Securties*  
Level 1 - Quoted Prices
           $ 1,335,572  
Level 2 - Other Significant Observable Inputs
             3,852  
Level 3 - Significant Unobservable Inputs
             —  
 
              
Total
           $ 1,339,424  
 
              
 
*   Other financial instruments include future contracts of ($1,746).
REG46823JAN09

4

 

Schwab Capital Trust
Schwab S&P 500 Index Fund
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  98.7 %  
Common Stock
     4,811,112       4,277,189  
  0.1 %  
Foreign Common Stock
     4,839       2,278  
  1.0 %  
Short-Term Investments
     44,024       44,024  
  99.8 %  
Total Investments
     4,859,975       4,323,491  
  0.2 %  
Other Assets and Liabilities, Net
             8,226  
  100.0 %  
Net Assets
             4,331,717  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 98.7% of net assets
                
 
                
Automobiles & Components 0.2%
                
Ford Motor Co. *
     1,182,277       2,211  
General Motors Corp.
     355,225       1,069  
Harley-Davidson, Inc.
     143,545       1,748  
Johnson Controls, Inc.
     358,952       4,491  
The Goodyear Tire & Rubber Co. *
     105,796       653  
 
                
 
             10,172  
 
                
Banks 2.3%
                
BB&T Corp.
     335,116       6,632  
Comerica, Inc.
     95,108       1,584  
Fifth Third Bancorp
     347,725       831  
First Horizon National Corp.
     122,869       1,170  
Hudson City Bancorp, Inc.
     310,900       3,606  
Huntington Bancshares, Inc.
     217,426       626  
KeyCorp
     296,955       2,162  
M&T Bank Corp.
     47,155       1,835  
Marshall & Ilsley Corp.
     154,183       880  
People’s United Financial, Inc.
     205,000       3,354  
PNC Financial Services Group, Inc.
     261,219       8,495  
Regions Financial Corp.
     426,331       1,475  
SunTrust Banks, Inc.
     227,836       2,793  
U.S. Bancorp
     1,059,232       15,719  
Wells Fargo & Co.
     2,486,376       46,993  
Zions Bancorp
     68,162       1,017  
 
                
 
             99,172  
 
                
Capital Goods 7.8%
                
3M Co.
     415,741       22,363  
Caterpillar, Inc.
     363,792       11,223  
Cooper Industries Ltd., Class A
     109,322       2,942  
Cummins, Inc.
     121,708       2,918  
Danaher Corp.
     145,519       8,139  
Deere & Co.
     261,688       9,091  
Dover Corp.
     114,923       3,250  
Eaton Corp.
     93,395       4,111  
Emerson Electric Co.
     462,648       15,129  
Fastenal Co.
     58,534       2,001  
Flowserve Corp.
     20,000       1,066  
Fluor Corp.
     103,898       4,042  
General Dynamics Corp.
     236,932       13,441  
General Electric Co.
     6,237,677       75,663  
Goodrich Corp.
     74,318       2,873  
Honeywell International, Inc.
     441,700       14,492  
Illinois Tool Works, Inc.
     240,895       7,868  
Ingersoll-Rand Co., Ltd., Class A
     194,677       3,156  
ITT Corp.
     112,360       5,088  
Jacobs Engineering Group, Inc. *
     40,234       1,556  
L-3 Communications Holdings, Inc.
     73,595       5,815  
Lockheed Martin Corp.
     200,252       16,429  
Masco Corp.
     236,681       1,851  
Northrop Grumman Corp.
     199,871       9,618  
PACCAR, Inc.
     227,020       5,991  
Pall Corp.
     48,022       1,252  
Parker Hannifin Corp.
     103,306       3,947  
Precision Castparts Corp.
     84,100       5,462  
Raytheon Co.
     250,739       12,692  
Rockwell Automation, Inc.
     88,041       2,293  
Rockwell Collins, Inc.
     98,524       3,712  
Textron, Inc.
     154,126       1,392  
The Boeing Co.
     440,715       18,647  
The Manitowoc Co., Inc.
     74,100       407  
Tyco International Ltd.
     284,553       5,981  
United Technologies Corp.
     570,169       27,362  
W.W. Grainger, Inc.
     40,399       2,947  
 
                
 
             336,210  
 
                
Commercial & Professional Supplies 0.7%
                
Avery Dennison Corp.
     56,457       1,368  
Cintas
     81,991       1,865  
Equifax, Inc.
     80,620       1,993  
Iron Mountain, Inc. *
     75,000       1,535  
Monster Worldwide, Inc. *
     77,326       712  
Pitney Bowes, Inc.
     131,854       2,935  
R.R. Donnelley & Sons Co.
     131,347       1,282  
Republic Services, Inc.
     156,433       4,045  
Robert Half International, Inc.
     97,973       1,661  
Stericycle, Inc. *
     48,000       2,348  
The Dun & Bradstreet Corp.
     23,000       1,748  
Waste Management, Inc.
     310,505       9,685  
 
                
 
             31,177  
 
                
Consumer Durables & Apparel 0.9%
                
Centex Corp.
     72,629       618  
Coach, Inc. *
     207,716       3,033  
D.R. Horton, Inc.
     164,056       978  
Eastman Kodak Co.
     169,561       768  
Fortune Brands, Inc.
     91,549       2,929  

1

 

Schwab S&P 500 Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Harman International Industries, Inc.
     34,500       555  
Hasbro, Inc.
     83,255       2,009  
Jones Apparel Group, Inc.
     52,684       182  
KB HOME
     38,775       414  
Leggett & Platt, Inc.
     107,903       1,348  
Lennar Corp., Class A
     79,582       612  
Liz Claiborne, Inc.
     61,119       134  
Mattel, Inc.
     222,967       3,164  
Newell Rubbermaid, Inc.
     167,418       1,353  
NIKE, Inc., Class B
     236,242       10,690  
Polo Ralph Lauren Corp.
     23,200       952  
Pulte Homes, Inc.
     122,586       1,244  
Snap-on, Inc.
     35,854       1,082  
The Black & Decker Corp.
     37,550       1,086  
The Stanley Works
     36,574       1,143  
VF Corp.
     53,707       3,009  
Whirlpool Corp.
     46,691       1,561  
 
                
 
             38,864  
 
                
Consumer Services 1.7%
                
Apollo Group, Inc., Class A *
     69,705       5,678  
Carnival Corp.
     265,307       4,826  
Darden Restaurants, Inc.
     78,430       2,056  
H&R Block, Inc.
     157,094       3,256  
International Game Technology
     191,469       2,030  
Marriott International, Inc., Class A
     183,134       2,987  
McDonald’s Corp.
     670,121       38,880  
Starbucks Corp. *
     431,110       4,070  
Starwood Hotels & Resorts Worldwide, Inc.
     120,073       1,815  
Wyndham Worldwide Corp.
     107,943       662  
Wynn Resorts Ltd. *
     20,000       602  
Yum! Brands, Inc.
     288,706       8,263  
 
                
 
             75,125  
 
                
Diversified Financials 5.1%
                
American Capital Ltd.
     55,200       158  
American Express Co.
     703,404       11,768  
Ameriprise Financial, Inc.
     148,061       2,983  
Bank of America Corp.
     3,743,204       24,630  
Bank of New York Mellon Corp.
     691,023       17,787  
Capital One Financial Corp.
     233,489       3,698  
CIT Group, Inc.
     116,838       326  
Citigroup, Inc.
     3,274,543       11,625  
CME Group, Inc.
     38,190       6,642  
Discover Financial Services
     300,324       2,147  
E*TRADE Financial Corp. *
     262,898       300  
Federated Investors, Inc., Class B
     45,911       896  
Franklin Resources, Inc.
     96,036       4,650  
IntercontinentalExchange, Inc. *
     37,700       2,146  
Janus Capital Group, Inc.
     95,251       500  
JPMorgan Chase & Co.
     2,235,316       57,023  
Legg Mason, Inc.
     81,300       1,306  
Leucadia National Corp. *
     75,700       1,205  
Moody’s Corp.
     126,591       2,712  
Morgan Stanley
     655,048       13,252  
Northern Trust Corp.
     124,934       7,186  
NYSE Euronext
     163,400       3,595  
SLM Corp. *
     255,962       2,931  
State Street Corp.
     248,528       5,783  
T. Rowe Price Group, Inc.
     159,326       4,394  
The Charles Schwab Corp. (b)
     582,786       7,920  
The Goldman Sachs Group, Inc.
     261,977       21,149  
The Nasdaq OMX Group, Inc. *
     64,000       1,397  
 
                
 
             220,109  
 
                
Energy 14.0%
                
Anadarko Petroleum Corp.
     286,332       10,520  
Apache Corp.
     194,449       14,584  
Baker Hughes, Inc.
     190,241       6,339  
BJ Services Co.
     150,775       1,659  
Cabot Oil & Gas Corp.
     59,700       1,641  
Cameron International Corp. *
     129,400       2,997  
Chesapeake Energy Corp.
     286,300       4,526  
Chevron Corp.
     1,219,559       86,003  
ConocoPhillips
     906,119       43,068  
CONSOL Energy, Inc.
     104,200       2,840  
Devon Energy Corp.
     269,713       16,614  
El Paso Corp.
     410,934       3,361  
ENSCO International, Inc.
     70,400       1,926  
EOG Resources, Inc.
     150,907       10,227  
Exxon Mobil Corp.
     3,052,491       233,455  
Halliburton Co.
     546,836       9,433  
Hess Corp.
     162,202       9,020  
Marathon Oil Corp.
     436,722       11,892  
Massey Energy Co.
     48,700       739  
Murphy Oil Corp.
     97,527       4,309  
Nabors Industries Ltd. *
     174,696       1,913  
National-Oilwell Varco, Inc. *
     222,610       5,886  
Noble Corp.
     163,482       4,439  
Noble Energy
     104,000       5,089  
Occidental Petroleum Corp.
     495,524       27,031  
Peabody Energy Corp.
     134,400       3,360  
Pioneer Natural Resources Co.
     73,000       1,069  
Range Resources Corp.
     88,600       3,175  
Rowan Cos., Inc.
     64,341       815  
Schlumberger Ltd.
     728,459       29,728  
Smith International, Inc.
     110,400       2,506  
Southwestern Energy Co. *
     189,200       5,988  
Spectra Energy Corp.
     356,334       5,170  
Sunoco, Inc.
     72,311       3,349  
Tesoro Corp.
     42,700       736  
The Williams Cos., Inc.
     368,102       5,209  
Valero Energy Corp.
     322,485       7,778  
Weatherford International Ltd. *
     415,262       4,580  
XTO Energy, Inc.
     310,083       11,501  
 
                
 
             604,475  
 
                
Food & Staples Retailing 3.2%
                
Costco Wholesale Corp.
     259,841       11,701  
CVS Caremark Corp.
     854,940       22,981  
Safeway, Inc.
     264,175       5,661  
SUPERVALU, Inc.
     124,524       2,184  
Sysco Corp.
     355,595       7,926  
The Kroger Co.
     393,636       8,857  
Wal-Mart Stores, Inc.
     1,331,643       62,747  

2

 

Schwab S&P 500 Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Walgreen Co.
     593,699       16,273  
Whole Foods Market, Inc.
     62,900       645  
 
                
 
             138,975  
 
                
Food, Beverage & Tobacco 6.3%
                
Altria Group, Inc.
     1,193,829       19,746  
Archer-Daniels-Midland Co.
     390,669       10,697  
Brown-Forman Corp., Class B
     51,186       2,324  
Campbell Soup Co.
     120,713       3,666  
Coca-Cola Enterprises, Inc.
     173,467       1,948  
ConAgra Foods, Inc.
     286,055       4,892  
Constellation Brands, Inc., Class A *
     117,905       1,712  
Dean Foods Co. *
     43,900       849  
Dr. Pepper Snapple Group, Inc. *
     140,000       2,303  
General Mills, Inc.
     204,503       12,096  
H.J. Heinz Co.
     192,551       7,028  
Kellogg Co.
     153,585       6,710  
Kraft Foods, Inc., Class A
     882,400       24,751  
Lorillard, Inc.
     103,718       6,167  
McCormick & Co., Inc.
     77,973       2,498  
Molson Coors Brewing Co., Class B
     72,850       2,934  
PepsiCo, Inc.
     927,083       46,567  
Philip Morris International, Inc.
     1,214,884       45,133  
Reynolds American, Inc.
     110,078       4,203  
Sara Lee Corp.
     442,030       4,434  
The Coca-Cola Co.
     1,184,352       50,596  
The Hershey Co.
     97,892       3,649  
The J.M. Smucker Co.
     78,504       3,545  
The Pepsi Bottling Group, Inc.
     81,611       1,574  
Tyson Foods, Inc., Class A
     136,402       1,207  
 
                
 
             271,229  
 
                
Health Care Equipment & Services 4.9%
                
Aetna, Inc.
     282,132       8,746  
AmerisourceBergen Corp.
     102,482       3,722  
Baxter International, Inc.
     372,961       21,874  
Becton, Dickinson & Co.
     147,494       10,718  
Boston Scientific Corp. *
     760,150       6,743  
C.R. Bard, Inc.
     60,312       5,161  
Cardinal Health, Inc.
     216,680       8,158  
CIGNA Corp.
     175,110       3,040  
Coventry Health Care, Inc. *
     93,847       1,420  
Covidien Ltd.
     302,553       11,600  
DaVita, Inc. *
     47,000       2,209  
DENTSPLY International, Inc.
     65,000       1,749  
Express Scripts, Inc. *
     152,264       8,186  
Hospira, Inc. *
     92,968       2,315  
Humana, Inc. *
     105,389       3,998  
IMS Health, Inc.
     120,083       1,744  
Intuitive Surgical, Inc. *
     22,700       2,343  
Laboratory Corp. of America Holdings *
     67,844       4,016  
McKesson Corp.
     170,166       7,521  
Medco Health Solutions, Inc. *
     302,326       13,584  
Medtronic, Inc.
     670,796       22,465  
Patterson Cos., Inc. *
     69,444       1,277  
Quest Diagnostics, Inc.
     88,042       4,345  
St. Jude Medical, Inc. *
     208,159       7,571  
Stryker Corp.
     146,742       6,198  
Tenet Healthcare Corp. *
     48,777       52  
UnitedHealth Group, Inc.
     725,993       20,567  
Varian Medical Systems, Inc. *
     49,000       1,819  
WellPoint, Inc. *
     308,969       12,807  
Zimmer Holdings, Inc. *
     140,969       5,131  
 
                
 
             211,079  
 
                
Household & Personal Products 3.2%
                
Avon Products, Inc.
     257,470       5,265  
Colgate-Palmolive Co.
     302,177       19,654  
Kimberly-Clark Corp.
     249,681       12,851  
The Clorox Co.
     84,122       4,219  
The Estee Lauder Cos., Inc., Class A
     62,600       1,643  
The Procter & Gamble Co.
     1,774,636       96,718  
 
                
 
             140,350  
 
                
Insurance 2.2%
                
Aflac, Inc.
     282,803       6,564  
American International Group, Inc.
     1,600,032       2,048  
Aon Corp.
     166,040       6,152  
Assurant, Inc.
     53,600       1,415  
Cincinnati Financial Corp.
     101,886       2,234  
Genworth Financial, Inc., Class A
     280,038       650  
Lincoln National Corp.
     165,270       2,501  
Loews Corp.
     177,303       4,326  
Marsh & McLennan Cos., Inc.
     315,984       6,108  
MBIA, Inc. *
     78,224       302  
MetLife, Inc.
     437,911       12,581  
Principal Financial Group, Inc.
     158,912       2,636  
Prudential Financial, Inc.
     259,481       6,682  
The Allstate Corp.
     327,492       7,097  
The Chubb Corp.
     217,240       9,250  
The Hartford Financial Services Group, Inc.
     194,837       2,564  
The Progressive Corp.
     411,728       5,002  
The Travelers Cos., Inc.
     352,357       13,615  
Torchmark Corp.
     58,181       1,745  
Unum Group
     213,338       3,021  
XL Capital Ltd., Class A
     108,299       314  
 
                
 
             96,807  
 
                
Materials 3.0%
                
Air Products & Chemicals, Inc.
     129,054       6,491  
AK Steel Holding Corp.
     50,800       410  
Alcoa, Inc.
     491,937       3,832  
Allegheny Technologies, Inc.
     53,155       1,174  
Ashland, Inc.
     43,550       349  
Ball Corp.
     59,822       2,294  
Bemis Co., Inc.
     59,750       1,349  
CF Industries Holdings, Inc.
     25,000       1,175  
E.I. du Pont de Nemours & Co.
     546,728       12,553  
Eastman Chemical Co.
     45,991       1,193  
Ecolab, Inc.
     105,595       3,586  
Freeport-McMoRan Copper & Gold, Inc.
     218,796       5,501  

3

 

Schwab S&P 500 Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
International Flavors & Fragrances, Inc.
     48,167       1,379  
International Paper Co.
     258,603       2,358  
MeadWestvaco Corp.
     104,877       1,221  
Monsanto Co.
     328,126       24,957  
Newmont Mining Corp.
     254,312       10,116  
Nucor Corp.
     175,904       7,175  
Owens-Illinois, Inc. *
     80,000       1,520  
Pactiv Corp. *
     79,295       1,714  
PPG Industries, Inc.
     100,861       3,790  
Praxair, Inc.
     187,730       11,688  
Rohm & Haas Co.
     76,442       4,219  
Sealed Air Corp.
     98,210       1,331  
Sigma-Aldrich Corp.
     77,926       2,812  
The Dow Chemical Co.
     559,103       6,480  
Titanium Metals Corp.
     26,900       190  
United States Steel Corp.
     77,148       2,317  
Vulcan Materials Co.
     56,704       2,805  
Weyerhaeuser Co.
     127,433       3,484  
 
                
 
             129,463  
 
                
Media 2.4%
                
CBS Corp., Class B
     419,711       2,401  
Comcast Corp., Class A
     1,725,463       25,278  
Gannett Co., Inc.
     138,839       801  
Meredith Corp.
     17,154       274  
News Corp., Class A
     1,391,611       8,892  
Omnicom Group, Inc.
     195,442       5,060  
Scripps Networks Interactive, Class A
     39,225       842  
The DIRECTV Group, Inc. *
     336,460       7,369  
The Interpublic Group of Cos., Inc. *
     256,619       855  
The McGraw-Hill Cos., Inc.
     195,811       4,306  
The New York Times Co., Class A
     81,287       404  
The Walt Disney Co.
     1,111,116       22,978  
The Washington Post Co., Class B
     1,250       488  
Time Warner, Inc.
     2,141,409       19,979  
Viacom, Inc., Class B *
     379,603       5,599  
 
                
 
             105,526  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 10.9%
                
Abbott Laboratories
     924,205       51,238  
Allergan, Inc.
     185,022       7,053  
Amgen, Inc. *
     633,298       34,736  
Biogen Idec, Inc. *
     177,761       8,648  
Bristol-Myers Squibb Co.
     1,189,853       25,475  
Celgene Corp. *
     257,500       13,635  
Cephalon, Inc. *
     40,000       3,087  
Eli Lilly & Co.
     604,055       22,241  
Forest Laboratories, Inc. *
     195,423       4,893  
Genzyme Corp. *
     162,807       11,221  
Gilead Sciences, Inc. *
     551,294       27,989  
Johnson & Johnson
     1,655,330       95,496  
King Pharmaceuticals, Inc. *
     159,892       1,397  
Life Technologies Corp. *
     45,749       1,165  
Merck & Co., Inc.
     1,272,857       36,340  
Millipore Corp. *
     16,408       905  
Mylan, Inc. *
     65,549       743  
PerkinElmer, Inc.
     70,980       896  
Pfizer, Inc.
     4,016,667       58,563  
Schering-Plough Corp.
     946,326       16,617  
Teva Pharmaceutical Industries Ltd. ADR
     41,481       1,719  
Thermo Fisher Scientific, Inc. *
     251,699       9,044  
Waters Corp. *
     60,268       2,180  
Watson Pharmaceuticals, Inc. *
     63,811       1,741  
Wyeth
     800,282       34,388  
 
                
 
             471,410  
 
                
Real Estate 0.8%
                
Apartment Investment & Management Co., Class A
     82,689       735  
AvalonBay Communities, Inc.
     39,950       2,070  
Boston Properties, Inc.
     65,600       2,840  
CB Richard Ellis Group, Inc., Class A *
     14,700       53  
Developers Diversified Realty Corp.
     39,700       191  
Equity Residential
     165,692       3,965  
General Growth Properties, Inc.
     94,600       62  
HCP, Inc.
     134,700       3,144  
Health Care REIT, Inc.
     30,000       1,134  
Host Hotels & Resorts, Inc.
     271,458       1,460  
Kimco Realty Corp.
     134,400       1,933  
Plum Creek Timber Co., Inc.
     106,950       3,291  
ProLogis
     154,506       1,547  
Public Storage
     68,725       4,252  
Simon Property Group, Inc.
     132,910       5,712  
Vornado Realty Trust
     72,727       3,695  
 
                
 
             36,084  
 
                
Retailing 2.9%
                
Abercrombie & Fitch Co., Class A
     25,900       462  
Amazon.com, Inc. *
     182,988       10,763  
AutoNation, Inc. *
     80,566       748  
AutoZone, Inc. *
     23,987       3,188  
Bed Bath & Beyond, Inc. *
     158,865       3,690  
Best Buy Co., Inc.
     210,391       5,895  
Big Lots, Inc. *
     62,909       846  
Dillard’s, Inc., Class A
     33,711       147  
Expedia, Inc. *
     126,600       1,130  
Family Dollar Stores, Inc.
     85,892       2,385  
GameStop Corp., Class A *
     97,900       2,426  
Genuine Parts Co.
     102,653       3,287  
J.C. Penney Co., Inc.
     135,584       2,271  
Kohl’s Corp. *
     188,281       6,912  
Limited Brands, Inc.
     189,987       1,505  
Lowe’s Cos., Inc.
     879,900       16,076  
Macy’s, Inc.
     272,190       2,436  
Nordstrom, Inc.
     109,382       1,388  
Office Depot, Inc. *
     167,083       361  
RadioShack Corp.
     79,067       906  
Sears Holdings Corp. *
     40,075       1,640  
Staples, Inc.
     426,397       6,797  
Target Corp.
     442,619       13,810  
The Gap, Inc.
     294,399       3,321  

4

 

Schwab S&P 500 Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Home Depot, Inc.
     1,014,607       21,844  
The Sherwin-Williams Co.
     60,651       2,896  
The TJX Cos., Inc.
     258,789       5,026  
Tiffany & Co.
     74,308       1,542  
 
                
 
             123,698  
 
                
Semiconductors & Semiconductor Equipment 2.1%
                
Advanced Micro Devices, Inc. *
     301,471       660  
Altera Corp.
     194,494       2,991  
Analog Devices, Inc.
     179,122       3,579  
Applied Materials, Inc.
     820,999       7,693  
Broadcom Corp., Class A *
     274,481       4,351  
Intel Corp.
     3,333,326       43,000  
KLA-Tencor Corp.
     110,567       2,216  
Linear Technology Corp.
     136,338       3,193  
LSI Corp. *
     250,138       795  
MEMC Electronic Materials, Inc. *
     105,100       1,429  
Microchip Technology, Inc.
     67,700       1,284  
Micron Technology, Inc. *
     425,213       1,582  
National Semiconductor Corp.
     132,830       1,347  
Novellus Systems, Inc. *
     62,474       861  
NVIDIA Corp. *
     324,850       2,583  
Teradyne, Inc. *
     119,683       576  
Texas Instruments, Inc.
     789,420       11,802  
Xilinx, Inc.
     172,868       2,913  
 
                
 
             92,855  
 
                
Software & Services 6.2%
                
Adobe Systems, Inc. *
     322,522       6,228  
Affiliated Computer Services, Inc., Class A *
     58,472       2,682  
Akamai Technologies, Inc. *
     49,500       667  
Autodesk, Inc. *
     142,646       2,362  
Automatic Data Processing, Inc.
     306,040       11,118  
BMC Software, Inc. *
     120,001       3,040  
CA, Inc.
     248,295       4,467  
Citrix Systems, Inc. *
     86,545       1,821  
Cognizant Technology Solutions Corp., Class A *
     176,300       3,302  
Computer Sciences Corp. *
     94,953       3,498  
Compuware Corp. *
     179,317       1,166  
Convergys Corp. *
     85,006       640  
eBay, Inc. *
     653,586       7,856  
Electronic Arts, Inc. *
     189,219       2,922  
Fidelity National Information Services, Inc.
     102,300       1,628  
Fiserv, Inc. *
     100,097       3,178  
Google, Inc., Class A *
     141,971       48,061  
Intuit, Inc. *
     197,876       4,482  
MasterCard, Inc., Class A
     43,900       5,961  
McAfee, Inc. *
     90,000       2,744  
Microsoft Corp.
     4,613,998       78,899  
Novell, Inc. *
     220,687       817  
Oracle Corp. *
     2,331,376       39,237  
Paychex, Inc.
     198,430       4,820  
Salesforce.com, Inc. *
     47,435       1,262  
Symantec Corp. *
     513,854       7,877  
Total System Services, Inc.
     118,200       1,496  
VeriSign, Inc. *
     117,700       2,273  
Western Union Co.
     442,962       6,051  
Yahoo!, Inc. *
     787,491       9,237  
 
                
 
             269,792  
 
                
Technology Hardware & Equipment 7.7%
                
Agilent Technologies, Inc. *
     220,967       3,995  
Amphenol Corp., Class A
     72,000       1,883  
Apple, Inc. *
     527,405       47,535  
Ciena Corp. *
     47,466       296  
Cisco Systems, Inc. *
     3,498,668       52,375  
Corning, Inc.
     943,854       9,542  
Dell, Inc. *
     1,041,999       9,899  
EMC Corp. *
     1,232,341       13,605  
FLIR Systems, Inc. *
     65,000       1,623  
Harris Corp.
     80,000       3,463  
Hewlett-Packard Co.
     1,456,373       50,609  
International Business Machines Corp.
     802,287       73,530  
Jabil Circuit, Inc.
     108,685       633  
JDS Uniphase Corp. *
     125,689       456  
Juniper Networks, Inc. *
     305,100       4,320  
Lexmark International, Inc., Class A *
     53,391       1,264  
Molex, Inc.
     85,448       1,142  
Motorola, Inc.
     1,388,000       6,149  
NetApp, Inc. *
     208,093       3,086  
QLogic Corp. *
     92,672       1,049  
QUALCOMM, Inc.
     976,578       33,741  
SanDisk Corp. *
     109,800       1,255  
Sun Microsystems, Inc. *
     483,538       2,011  
Tellabs, Inc. *
     266,357       1,100  
Teradata Corp. *
     108,424       1,424  
Tyco Electronics Ltd.
     281,553       3,987  
Xerox Corp.
     540,916       3,592  
 
                
 
             333,564  
 
                
Telecommunication Services 3.7%
                
American Tower Corp., Class A *
     196,700       5,968  
AT&T, Inc.
     3,500,842       86,191  
CenturyTel, Inc.
     68,817       1,868  
Embarq Corp.
     93,293       3,332  
Frontier Communications Corp.
     197,963       1,605  
Qwest Communications International, Inc.
     954,223       3,072  
Sprint Nextel Corp. *
     1,782,577       4,332  
Verizon Communications, Inc.
     1,693,606       50,588  
Windstream Corp.
     261,945       2,274  
 
                
 
             159,230  
 
                
Transportation 2.0%
                
Burlington Northern Santa Fe Corp.
     170,459       11,293  
C.H. Robinson Worldwide, Inc.
     87,200       4,010  
CSX Corp.
     248,206       7,188  
Expeditors International of Washington, Inc.
     99,500       2,767  
FedEx Corp.
     187,949       9,574  
Norfolk Southern Corp.
     229,224       8,793  
Ryder System, Inc.
     34,193       1,155  

5

 

Schwab S&P 500 Index Fund
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Southwest Airlines Co.
     450,801       3,169  
Union Pacific Corp.
     307,341       13,459  
United Parcel Service, Inc., Class B
     596,665       25,352  
 
                
 
             86,760  
 
                
Utilities 4.5%
                
Allegheny Energy, Inc.
     100,525       3,341  
Ameren Corp.
     124,330       4,134  
American Electric Power Co., Inc.
     245,935       7,710  
CenterPoint Energy, Inc.
     172,437       2,307  
CMS Energy Corp.
     116,771       1,372  
Consolidated Edison, Inc.
     149,269       6,083  
Constellation Energy Group, Inc.
     109,191       2,872  
Dominion Resources, Inc.
     351,016       12,349  
DTE Energy Co.
     102,614       3,540  
Duke Energy Corp.
     766,889       11,618  
Dynegy, Inc., Class A *
     247,112       521  
Edison International
     204,467       6,660  
Entergy Corp.
     116,073       8,863  
EQT Corp.
     78,000       2,670  
Exelon Corp.
     396,464       21,496  
FirstEnergy Corp.
     185,163       9,256  
FPL Group, Inc.
     250,250       12,900  
Integrys Energy Group, Inc.
     27,779       1,160  
Nicor, Inc.
     20,782       711  
NiSource, Inc.
     161,756       1,566  
Pepco Holdings, Inc.
     99,700       1,776  
PG&E Corp.
     219,856       8,502  
Pinnacle West Capital Corp.
     51,445       1,722  
PPL Corp.
     227,042       6,961  
Progress Energy, Inc.
     158,192       6,125  
Public Service Enterprise Group, Inc.
     310,174       9,792  
Questar Corp.
     98,900       3,361  
SCANA Corp.
     55,000       1,886  
Sempra Energy
     156,317       6,853  
Southern Co.
     464,409       15,535  
TECO Energy, Inc.
     114,004       1,369  
The AES Corp. *
     414,310       3,277  
Wisconsin Energy Corp.
     50,000       2,229  
Xcel Energy, Inc.
     246,254       4,546  
 
                
 
             195,063  
 
                
Total Common Stock
(Cost $4,811,112)		             4,277,189  
 
                
 
                
Foreign Common Stock 0.1% of net assets
                
 
                
Bermuda 0.1%
                
Diversified Financials 0.1%
                
Invesco Ltd.
     193,243       2,278  
 
                
Total Foreign Common Stock
(Cost $4,839)		             2,278  
 
                
                 
Security   Face Amount     Value  
                                Rate, Maturity Date   ($ x 1,000)     ($ x 1,000)  
Short-Term Investments 1.0% of net assets
                
 
                
Commercial Paper & Other Obligations 0.9%
                
Citibank, London Time Deposit
                
0.07%, 02/02/09
     38,523       38,523  
 
                
U.S. Treasury Obligations 0.1%
                
U.S. Treasury Bill
                
0.05%, 03/26/09 (a)
     1,090       1,090  
0.04%, 03/26/09 (a)
     30       30  
0.08%, 03/26/09 (a)
     1,361       1,361  
0.03%, 03/26/09 (a)
     825       825  
0.01%, 03/26/09 (a)
     505       505  
(0.02)%, 03/26/09 (a)
     1,690       1,690  
 
              
 
             5,501  
 
              
 
    
Total Short-Term Investments
(Cost $44,024)		             44,024  
 
              
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 tax basis cost of the fund’s investments was $4,901,916 and the unrealized appreciation and depreciation were $1,067,040 and ($1,645,465), respectively, with a net unrealized depreciation of ($578,425).
 
*   Non-income producing security.
 
(a)   All or a portion of this security is held as collateral for open futures contracts.
 
(b)   Issuer is affiliated with the fund’s adviser.
 
ADR — American Depositary Receipt
 
REIT — Real Estate Investment Trust
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
S & P 500 Index, e-mini, Long, expires 03/20/09
     1,000       41,125       (2,661 )

6

 

Schwab S&P 500 Index Fund
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
                 
            Investments in  
Valuation Inputs           Securties*  
Level 1 - Quoted Prices
           $ 4,279,467  
Level 2 - Other Significant Observable Inputs
             44,024  
Level 3 - Significant Unobservable Inputs
             —  
 
              
Total
           $ 4,323,491  
 
              
 
*   Other Financial Instruments include future contracts of ($2,661).
REG46816JAN09

7

 

Schwab Capital Trust
Schwab MarketTrack All Equity PortfolioTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  98.8 %  
Other Investment Companies
     525,117       358,505  
  1.1 %  
Short-Term Investments
     3,760       3,760  
  99.9 %  
Total Investments
     528,877       362,265  
  0.1 %  
Other Assets and Liabilities, Net
             471  
  100.0 %  
Total Net Assets
             362,736  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Other Investment Companies 98.8% of net assets
                
 
                
Schwab Institutional Select S&P 500 Fund (a)
     24,799,533       161,445  
Schwab International Index Fund, Select Shares (a)
     9,246,300       107,350  
Schwab Small-Cap Index Fund, Select Shares (a)
     8,082,028       89,710  
 
                
Total Other Investment Companies
(Cost $525,117)		             358,505  
 
                
                 
Security   Face Amount   Value
                                    Rate, Maturity Date   ($ x 1,000)   ($ x 1,000)
Short-Term Investments 1.1% of net assets
                
 
                
Commercial Paper & Other Obligations 0.9%
                
Citibank, London Time Deposit
                
0.07%, 02/02/09
     3,207       3,207  
 
                
U.S. Treasury Obligation 0.2%
                
U.S. Treasury Bill
                
(0.02)%, 03/26/09 (b)
     553       553  
 
                
Total Short-Term Investments
(Cost $3,760)		             3,760  
 
                
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09, the tax basis cost of the fund’s investments was $531,846 and the unrealized appreciation and depreciation were $0 and ($169,581) respectively, with net unrealized depreciation of ($169,581).
 
(a)   Issuer is affiliated with the fund’s adviser.
 
(b)   All or a portion of this security is held as collateral for open futures contracts.
In addition to the above, the fund held the following at 01/31/09. All numbers are x 1,000 except number of futures contracts.
                         
    Number of   Contract   Unrealized
    Contracts   Value   Losses
Futures Contract
                        
 
S & P 500 Index, e-mini, Long, expires 03/20/09
     100       4,113       (250 )

1

 

Schwab MarketTrack All Equity Portfolio
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 — quoted prices in active markets for identical securities
Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
                 
            Investments in  
Valuation Inputs           Securties*  
Level 1 - Quoted Prices
           $ 358,505  
Level 2 - Other Significant Observable Inputs
             3,760  
Level 3 - Significant Unobservable Inputs
             —  
 
              
Total
           $ 362,265  
 
              
 
*   Other financial instruments include future contracts of ($250).
REG46832JAN09

2

 

Schwab Capital Trust
Schwab MarketTrack Conservative PortfolioTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  4.7 %  
Common Stock
     12,068       11,709  
  — %  
Foreign Common Stock
     12       5  
  95.2 %  
Other Investment Companies
     275,795       239,015  
  0.1 %  
Short-Term Investment
     190       190  
  100.0 %  
Total Investments
     288,065       250,919  
  0.0 %  
Other Assets and Liabilities, Net
             (1 )
  100.0 %  
Total Net Assets
             250,918  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 4.7% of net assets
                
 
                
Automobiles & Components 0.0%
                
Ford Motor Co. *
     2,921       5  
General Motors Corp.
     825       3  
Harley-Davidson, Inc.
     500       6  
Johnson Controls, Inc.
     900       11  
The Goodyear Tire & Rubber Co. *
     300       2  
 
                
 
             27  
 
                
Banks 0.1%
                
BB&T Corp.
     850       17  
Comerica, Inc.
     300       5  
Fifth Third Bancorp
     867       2  
First Horizon National Corp.
     209       2  
Hudson City Bancorp, Inc.
     500       6  
Huntington Bancshares, Inc.
     423       1  
KeyCorp
     700       5  
M&T Bank Corp.
     199       8  
Marshall & Ilsley Corp.
     322       2  
People’s United Financial, Inc.
     600       10  
PNC Financial Services Group, Inc.
     437       14  
Regions Financial Corp.
     1,148       4  
SunTrust Banks, Inc.
     500       6  
U.S. Bancorp
     2,922       43  
Wells Fargo & Co.
     6,820       129  
Zions Bancorp
     100       1  
 
                
 
             255  
 
                
Capital Goods 0.4%
                
3M Co.
     1,200       64  
Caterpillar, Inc.
     1,100       34  
Cooper Industries Ltd., Class A
     300       8  
Cummins, Inc.
     400       10  
Danaher Corp.
     500       28  
Deere & Co.
     800       28  
Dover Corp.
     300       8  
Eaton Corp.
     200       9  
Emerson Electric Co.
     1,300       42  
Fastenal Co.
     150       5  
Flowserve Corp.
     100       5  
Fluor Corp.
     200       8  
General Dynamics Corp.
     600       34  
General Electric Co.
     16,890       205  
Goodrich Corp.
     200       8  
Honeywell International, Inc.
     1,275       42  
Illinois Tool Works, Inc.
     700       23  
Ingersoll-Rand Co., Ltd., Class A
     569       9  
ITT Corp.
     300       14  
Jacobs Engineering Group, Inc. *
     200       8  
L-3 Communications Holdings, Inc.
     200       16  
Lockheed Martin Corp.
     700       57  
Masco Corp.
     700       5  
Northrop Grumman Corp.
     514       25  
PACCAR, Inc.
     675       18  
Pall Corp.
     200       5  
Parker Hannifin Corp.
     225       9  
Precision Castparts Corp.
     200       13  
Raytheon Co.
     600       30  
Rockwell Automation, Inc.
     300       8  
Rockwell Collins, Inc.
     300       11  
Textron, Inc.
     400       4  
The Boeing Co.
     1,246       53  
The Manitowoc Co., Inc.
     200       1  
Tyco International Ltd.
     753       16  
United Technologies Corp.
     1,600       77  
W.W. Grainger, Inc.
     100       7  
 
                
 
             947  
 
                
Commercial & Professional Supplies 0.0%
Avery Dennison Corp.
     200       5  
Cintas
     260       6  
Equifax, Inc.
     200       5  
Iron Mountain, Inc. *
     300       6  
Monster Worldwide, Inc. *
     191       2  
Pitney Bowes, Inc.
     400       9  
R.R. Donnelley & Sons Co.
     300       3  
Republic Services, Inc.
     500       13  
Robert Half International, Inc.
     300       5  
Stericycle, Inc. *
     100       5  
The Dun & Bradstreet Corp.
     100       7  
Waste Management, Inc.
     907       28  
 
                
 
             94  
 
                
Consumer Durables & Apparel 0.0%
                
Centex Corp.
     200       2  
Coach, Inc. *
     600       9  
D.R. Horton, Inc.
     420       2  

1

 

Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Eastman Kodak Co.
     500       2  
Fortune Brands, Inc.
     200       6  
Harman International Industries, Inc.
     100       2  
Hasbro, Inc.
     325       8  
Jones Apparel Group, Inc.
     200       1  
KB HOME
     200       2  
Leggett & Platt, Inc.
     300       4  
Lennar Corp., Class A
     200       2  
Liz Claiborne, Inc.
     200       —  
Mattel, Inc.
     650       9  
Newell Rubbermaid, Inc.
     436       4  
NIKE, Inc., Class B
     600       27  
Polo Ralph Lauren Corp.
     100       4  
Pulte Homes, Inc.
     400       4  
Snap-on, Inc.
     100       3  
The Black & Decker Corp.
     100       3  
The Stanley Works
     100       3  
VF Corp.
     200       11  
Whirlpool Corp.
     111       4  
 
                
 
             112  
 
                
Consumer Services 0.1%
                
Apollo Group, Inc., Class A *
     250       20  
Carnival Corp.
     820       15  
Darden Restaurants, Inc.
     300       8  
H&R Block, Inc.
     600       12  
International Game Technology
     556       6  
Marriott International, Inc., Class A
     600       10  
McDonald’s Corp.
     2,000       116  
Starbucks Corp. *
     1,120       11  
Starwood Hotels & Resorts Worldwide, Inc.
     300       5  
Wyndham Worldwide Corp.
     291       2  
Wynn Resorts Ltd. *
     100       3  
Yum! Brands, Inc.
     960       27  
 
                
 
             235  
 
                
Diversified Financials 0.2%
                
American Capital Ltd.
     150       —  
American Express Co.
     1,820       30  
Ameriprise Financial, Inc.
     364       7  
Bank of America Corp.
     8,576       56  
Bank of New York Mellon Corp.
     1,832       47  
Capital One Financial Corp.
     450       7  
CIT Group, Inc.
     300       1  
Citigroup, Inc.
     7,782       28  
CME Group, Inc.
     54       9  
Discover Financial Services
     815       6  
E*TRADE Financial Corp. *
     600       1  
Federated Investors, Inc., Class B
     200       4  
Franklin Resources, Inc.
     200       10  
IntercontinentalExchange, Inc. *
     100       6  
Janus Capital Group, Inc.
     400       2  
JPMorgan Chase & Co.
     5,952       152  
Legg Mason, Inc.
     190       3  
Leucadia National Corp. *
     300       5  
Moody’s Corp.
     400       9  
Morgan Stanley
     1,630       33  
Northern Trust Corp.
     300       17  
NYSE Euronext
     400       9  
SLM Corp. *
     650       7  
State Street Corp.
     500       12  
T. Rowe Price Group, Inc.
     400       11  
The Charles Schwab Corp. (a)
     2,125       29  
The Goldman Sachs Group, Inc.
     628       51  
The Nasdaq OMX Group, Inc. *
     200       4  
 
                
 
             556  
 
                
Energy 0.7%
                
Anadarko Petroleum Corp.
     734       27  
Apache Corp.
     462       35  
Baker Hughes, Inc.
     470       16  
BJ Services Co.
     400       4  
Cabot Oil & Gas Corp.
     200       6  
Cameron International Corp. *
     300       7  
Chesapeake Energy Corp.
     500       8  
Chevron Corp.
     3,520       248  
ConocoPhillips
     2,596       123  
CONSOL Energy, Inc.
     300       8  
Devon Energy Corp.
     700       43  
El Paso Corp.
     769       6  
ENSCO International, Inc.
     200       5  
EOG Resources, Inc.
     360       24  
Exxon Mobil Corp.
     8,918       682  
Halliburton Co.
     1,428       25  
Hess Corp.
     300       17  
Marathon Oil Corp.
     1,046       29  
Massey Energy Co.
     100       2  
Murphy Oil Corp.
     300       13  
Nabors Industries Ltd. *
     400       4  
National-Oilwell Varco, Inc. *
     540       14  
Noble Corp.
     400       11  
Noble Energy
     300       15  
Occidental Petroleum Corp.
     1,200       65  
Peabody Energy Corp.
     400       10  
Pioneer Natural Resources Co.
     200       3  
Range Resources Corp.
     200       7  
Rowan Cos., Inc.
     100       1  
Schlumberger Ltd.
     1,800       73  
Smith International, Inc.
     300       7  
Southwestern Energy Co. *
     1,000       32  
Spectra Energy Corp.
     938       14  
Sunoco, Inc.
     200       9  
Tesoro Corp.
     200       3  
The Williams Cos., Inc.
     700       10  
Valero Energy Corp.
     1,000       24  
Weatherford International Ltd. *
     880       10  
XTO Energy, Inc.
     666       25  
 
                
 
             1,665  
 
                
Food & Staples Retailing 0.2%
                
Costco Wholesale Corp.
     700       31  
CVS Caremark Corp.
     2,170       58  
Safeway, Inc.
     650       14  
SUPERVALU, Inc.
     318       6  
Sysco Corp.
     1,000       22  

2

 

Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Kroger Co.
     1,200       27  
Wal-Mart Stores, Inc.
     3,900       184  
Walgreen Co.
     1,600       44  
Whole Foods Market, Inc.
     100       1  
 
                
 
             387  
 
                
Food, Beverage & Tobacco 0.3%
                
Altria Group, Inc.
     3,220       53  
Archer-Daniels-Midland Co.
     1,014       28  
Brown-Forman Corp., Class B
     187       9  
Campbell Soup Co.
     300       9  
Coca-Cola Enterprises, Inc.
     700       8  
ConAgra Foods, Inc.
     800       14  
Constellation Brands, Inc., Class A *
     300       4  
Dean Foods Co. *
     200       4  
Dr. Pepper Snapple Group, Inc. *
     200       3  
General Mills, Inc.
     582       34  
H.J. Heinz Co.
     600       22  
Kellogg Co.
     400       17  
Kraft Foods, Inc., Class A
     2,228       63  
Lorillard, Inc.
     340       20  
McCormick & Co., Inc.
     200       6  
Molson Coors Brewing Co., Class B
     100       4  
PepsiCo, Inc.
     2,560       129  
Philip Morris International, Inc.
     3,220       120  
Reynolds American, Inc.
     274       10  
Sara Lee Corp.
     1,200       12  
The Coca-Cola Co.
     3,220       138  
The Hershey Co.
     400       15  
The J.M. Smucker Co.
     452       20  
The Pepsi Bottling Group, Inc.
     350       7  
Tyson Foods, Inc., Class A
     400       4  
 
                
 
             753  
 
                
Health Care Equipment & Services 0.2%
                
Aetna, Inc.
     888       27  
AmerisourceBergen Corp.
     400       15  
Baxter International, Inc.
     900       53  
Becton, Dickinson & Co.
     400       29  
Boston Scientific Corp. *
     2,107       19  
C.R. Bard, Inc.
     200       17  
Cardinal Health, Inc.
     650       24  
CIGNA Corp.
     600       10  
Coventry Health Care, Inc. *
     300       5  
Covidien Ltd.
     753       29  
DENTSPLY International, Inc.
     200       5  
Express Scripts, Inc. *
     400       21  
Hospira, Inc. *
     240       6  
Humana, Inc. *
     200       8  
IMS Health, Inc.
     350       5  
Intuitive Surgical, Inc. *
     100       10  
Laboratory Corp. of America Holdings *
     200       12  
McKesson Corp.
     422       19  
Medco Health Solutions, Inc. *
     844       38  
Medtronic, Inc.
     1,800       60  
Patterson Cos., Inc. *
     200       4  
Quest Diagnostics, Inc.
     278       14  
St. Jude Medical, Inc. *
     500       18  
Stryker Corp.
     602       25  
Tenet Healthcare Corp. *
     750       1  
UnitedHealth Group, Inc.
     2,000       57  
Varian Medical Systems, Inc. *
     200       7  
WellPoint, Inc. *
     900       37  
Zimmer Holdings, Inc. *
     350       13  
 
                
 
             588  
 
                
Household & Personal Products 0.2%
                
Avon Products, Inc.
     700       14  
Colgate-Palmolive Co.
     800       52  
Kimberly-Clark Corp.
     756       39  
The Clorox Co.
     300       15  
The Estee Lauder Cos., Inc., Class A
     100       3  
The Procter & Gamble Co.
     4,763       260  
 
                
 
             383  
 
                
Insurance 0.1%
                
Aflac, Inc.
     800       18  
American International Group, Inc.
     3,979       5  
Aon Corp.
     475       18  
Assurant, Inc.
     200       5  
Cincinnati Financial Corp.
     330       7  
Genworth Financial, Inc., Class A
     300       1  
Lincoln National Corp.
     501       7  
Loews Corp.
     413       10  
Marsh & McLennan Cos., Inc.
     800       15  
MBIA, Inc. *
     200       1  
MetLife, Inc.
     1,178       34  
Principal Financial Group, Inc.
     550       9  
Prudential Financial, Inc.
     800       21  
The Allstate Corp.
     1,100       24  
The Chubb Corp.
     600       25  
The Hartford Financial Services Group, Inc.
     425       6  
The Progressive Corp. *
     1,400       17  
The Travelers Cos., Inc.
     1,006       39  
Torchmark Corp.
     200       6  
Unum Group
     346       5  
XL Capital Ltd., Class A
     200       1  
 
                
 
             274  
 
                
Materials 0.1%
                
Air Products & Chemicals, Inc.
     300       15  
AK Steel Holding Corp.
     150       1  
Alcoa, Inc.
     1,312       10  
Allegheny Technologies, Inc.
     146       3  
Ashland, Inc.
     118       1  
Ball Corp.
     200       8  
Bemis Co., Inc.
     200       4  
CF Industries Holdings, Inc.
     100       5  
E.I. du Pont de Nemours & Co.
     1,525       35  
Eastman Chemical Co.
     100       3  
Ecolab, Inc.
     400       14  
Freeport-McMoRan Copper & Gold, Inc.
     480       12  

3

 

Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
International Flavors & Fragrances, Inc.
     200       6  
International Paper Co.
     739       7  
MeadWestvaco Corp.
     294       3  
Monsanto Co.
     664       50  
Newmont Mining Corp.
     643       26  
Nucor Corp.
     400       16  
Owens-Illinois, Inc. *
     300       6  
Pactiv Corp. *
     300       6  
PPG Industries, Inc.
     250       9  
Praxair, Inc.
     500       31  
Rohm & Haas Co.
     273       15  
Sealed Air Corp.
     306       4  
Sigma-Aldrich Corp.
     200       7  
The Dow Chemical Co.
     1,372       16  
Titanium Metals Corp.
     100       1  
United States Steel Corp.
     100       3  
Vulcan Materials Co.
     200       10  
Weyerhaeuser Co.
     350       10  
 
                
 
             337  
 
                
Media 0.1%
                
CBS Corp., Class B
     1,330       8  
Comcast Corp., Class A
     4,894       72  
Gannett Co., Inc.
     400       2  
Meredith Corp.
     100       2  
News Corp., Class A
     3,880       25  
Omnicom Group, Inc.
     600       15  
Scripps Networks Interactive, Class A
     100       2  
The DIRECTV Group, Inc. *
     1,200       26  
The Interpublic Group of Cos., Inc. *
     600       2  
The McGraw-Hill Cos., Inc.
     600       13  
The New York Times Co., Class A
     200       1  
The Walt Disney Co.
     3,077       64  
The Washington Post Co., Class B
     4       1  
Time Warner, Inc.
     6,380       59  
Viacom, Inc., Class B *
     1,330       20  
 
                
 
             312  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 0.5%
Abbott Laboratories
     2,400       133  
Allergan, Inc.
     400       15  
Amgen, Inc. *
     1,952       107  
Biogen Idec, Inc. *
     480       23  
Bristol-Myers Squibb Co.
     3,000       64  
Celgene Corp. *
     300       16  
Cephalon, Inc. *
     100       8  
Eli Lilly & Co.
     1,725       64  
Forest Laboratories, Inc. *
     550       14  
Genzyme Corp. *
     325       22  
Gilead Sciences, Inc. *
     1,300       66  
Johnson & Johnson
     4,622       267  
King Pharmaceuticals, Inc. *
     366       3  
Life Technologies Corp. *
     132       3  
Merck & Co., Inc.
     3,400       97  
Millipore Corp. *
     100       6  
Mylan, Inc. *
     400       5  
PerkinElmer, Inc.
     200       3  
Pfizer, Inc.
     11,557       169  
Schering-Plough Corp.
     2,300       40  
Teva Pharmaceutical Industries Ltd. ADR
     125       5  
Thermo Fisher Scientific, Inc. *
     526       19  
Waters Corp. *
     200       7  
Watson Pharmaceuticals, Inc. *
     200       5  
Wyeth
     2,000       86  
 
                
 
             1,247  
 
                
Real Estate 0.0%
                
Apartment Investment & Management Co., Class A
     142       1  
AvalonBay Communities, Inc.
     100       5  
Boston Properties, Inc.
     130       6  
CB Richard Ellis Group, Inc., Class A *
     200       1  
Developers Diversified Realty Corp.
     100       1  
Equity Residential
     400       10  
General Growth Properties, Inc.
     400       —  
HCP, Inc.
     300       7  
Health Care REIT, Inc.
     200       8  
Host Hotels & Resorts, Inc.
     800       4  
Kimco Realty Corp.
     168       2  
Plum Creek Timber Co., Inc.
     300       9  
ProLogis
     300       3  
Public Storage
     100       6  
Simon Property Group, Inc.
     300       13  
Vornado Realty Trust
     200       10  
 
                
 
             86  
 
                
Retailing 0.2%
                
Abercrombie & Fitch Co., Class A
     100       2  
Amazon.com, Inc. *
     300       18  
AutoNation, Inc. *
     500       5  
AutoZone, Inc. *
     150       20  
Bed Bath & Beyond, Inc. *
     400       9  
Best Buy Co., Inc.
     675       19  
Big Lots, Inc. *
     200       3  
Dillard’s, Inc., Class A
     200       1  
Expedia, Inc. *
     300       3  
Family Dollar Stores, Inc.
     300       8  
GameStop Corp., Class A *
     300       7  
Genuine Parts Co.
     250       8  
J.C. Penney Co., Inc.
     400       7  
Kohl’s Corp. *
     500       18  
Limited Brands, Inc.
     739       6  
Lowe’s Cos., Inc.
     2,400       44  
Macy’s, Inc.
     910       8  
Nordstrom, Inc.
     400       5  
Office Depot, Inc. *
     600       1  
RadioShack Corp.
     300       3  
Sears Holdings Corp. *
     154       6  
Staples, Inc.
     1,125       18  
Target Corp.
     1,400       44  
The Gap, Inc.
     1,362       15  

4

 

Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Home Depot, Inc.
     2,655       57  
The Sherwin-Williams Co.
     200       10  
The TJX Cos., Inc.
     800       16  
Tiffany & Co.
     250       5  
 
                
 
             366  
 
                
Semiconductors & Semiconductor Equipment 0.1%
Advanced Micro Devices, Inc. *
     560       1  
Altera Corp.
     510       8  
Analog Devices, Inc.
     600       12  
Applied Materials, Inc.
     2,600       24  
Broadcom Corp., Class A *
     738       12  
Intel Corp.
     9,100       117  
KLA-Tencor Corp.
     300       6  
Linear Technology Corp.
     500       12  
LSI Corp. *
     500       2  
MEMC Electronic Materials, Inc. *
     300       4  
Microchip Technology, Inc.
     300       6  
Micron Technology, Inc. *
     900       3  
National Semiconductor Corp.
     600       6  
Novellus Systems, Inc. *
     250       4  
NVIDIA Corp. *
     600       5  
Teradyne, Inc. *
     300       1  
Texas Instruments, Inc.
     2,400       36  
Xilinx, Inc.
     500       8  
 
                
 
             267  
 
                
Software & Services 0.3%
                
Adobe Systems, Inc. *
     800       15  
Affiliated Computer Services, Inc., Class A *
     203       9  
Akamai Technologies, Inc. *
     300       4  
Autodesk, Inc. *
     400       7  
Automatic Data Processing, Inc.
     900       33  
BMC Software, Inc. *
     400       10  
CA, Inc.
     850       15  
Citrix Systems, Inc. *
     300       6  
Cognizant Technology Solutions Corp., Class A *
     400       7  
Computer Sciences Corp. *
     258       9  
Compuware Corp. *
     600       4  
Convergys Corp. *
     174       1  
eBay, Inc. *
     1,708       21  
Electronic Arts, Inc. *
     424       7  
Fidelity National Information Services, Inc.
     250       4  
Fiserv, Inc. *
     300       9  
Google, Inc., Class A *
     300       102  
Intuit, Inc. *
     626       14  
MasterCard, Inc., Class A
     100       14  
McAfee, Inc. *
     200       6  
Microsoft Corp.
     13,620       233  
Novell, Inc. *
     500       2  
Oracle Corp. *
     5,988       101  
Paychex, Inc.
     525       13  
Salesforce.com, Inc. *
     151       4  
Symantec Corp. *
     1,678       26  
Total System Services, Inc.
     300       4  
VeriSign, Inc. *
     300       6  
Western Union Co.
     1,392       19  
Yahoo!, Inc. *
     2,000       23  
 
                
 
             728  
 
                
Technology Hardware & Equipment 0.4%
Agilent Technologies, Inc. *
     710       13  
Amphenol Corp., Class A
     300       8  
Apple, Inc. *
     1,200       108  
Ciena Corp. *
     71       —  
Cisco Systems, Inc. *
     9,930       149  
Corning, Inc.
     2,250       23  
Dell, Inc. *
     3,850       37  
EMC Corp. *
     3,650       40  
FLIR Systems, Inc. *
     200       5  
Harris Corp.
     200       9  
Hewlett-Packard Co.
     4,703       163  
International Business Machines Corp.
     2,500       229  
Jabil Circuit, Inc.
     322       2  
JDS Uniphase Corp. *
     251       1  
Juniper Networks, Inc. *
     600       9  
Lexmark International, Inc., Class A *
     200       5  
Molex, Inc.
     250       3  
Motorola, Inc.
     3,666       16  
NetApp, Inc. *
     500       7  
QLogic Corp. *
     276       3  
QUALCOMM, Inc.
     2,400       83  
SanDisk Corp. *
     285       3  
Sun Microsystems, Inc. *
     1,250       5  
Tellabs, Inc. *
     600       3  
Teradata Corp. *
     400       5  
Tyco Electronics Ltd.
     753       11  
Xerox Corp.
     1,200       8  
 
                
 
             948  
 
                
Telecommunication Services 0.2%
American Tower Corp., Class A *
     600       18  
AT&T, Inc.
     9,588       236  
CenturyTel, Inc.
     250       7  
Embarq Corp.
     222       8  
Frontier Communications Corp.
     410       3  
Qwest Communications International, Inc.
     2,524       8  
Sprint Nextel Corp. *
     4,454       11  
Verizon Communications, Inc.
     4,188       125  
Windstream Corp.
     516       5  
 
                
 
             421  
 
                
Transportation 0.1%
                
Burlington Northern Santa Fe Corp.
     600       40  
C.H. Robinson Worldwide, Inc.
     200       9  
CSX Corp.
     600       17  
Expeditors International of Washington, Inc.
     300       8  
FedEx Corp.
     460       24  
Norfolk Southern Corp.
     600       23  
Ryder System, Inc.
     100       3  

5

 

Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Southwest Airlines Co.
     1,218       9  
Union Pacific Corp.
     800       35  
United Parcel Service, Inc., Class B
     1,712       73  
 
                
 
             241  
 
                
Utilities 0.2%
                
Allegheny Energy, Inc.
     170       6  
Ameren Corp.
     300       10  
American Electric Power Co., Inc.
     580       18  
CenterPoint Energy, Inc.
     474       6  
CMS Energy Corp.
     200       2  
Consolidated Edison, Inc.
     300       12  
Constellation Energy Group, Inc.
     200       5  
Dominion Resources, Inc.
     870       31  
DTE Energy Co.
     200       7  
Duke Energy Corp.
     1,876       29  
Dynegy, Inc., Class A *
     500       1  
Edison International
     500       16  
Entergy Corp.
     350       27  
Equitable Resources, Inc.
     200       7  
Exelon Corp.
     1,024       56  
FirstEnergy Corp.
     533       27  
FPL Group, Inc.
     600       31  
Integrys Energy Group, Inc.
     82       4  
Nicor, Inc.
     100       3  
NiSource, Inc.
     376       4  
Pepco Holdings, Inc.
     300       5  
PG&E Corp.
     600       23  
Pinnacle West Capital Corp.
     100       3  
PPL Corp.
     600       18  
Progress Energy, Inc.
     354       14  
Public Service Enterprise Group, Inc.
     800       25  
Questar Corp.
     200       7  
SCANA Corp.
     200       7  
Sempra Energy
     297       13  
Southern Co.
     1,100       37  
TECO Energy, Inc.
     200       2  
The AES Corp. *
     800       6  
Wisconsin Energy Corp.
     200       9  
Xcel Energy, Inc.
     510       9  
 
                
 
             480  
 
                
 
Total Common Stock
(Cost $12,068)		             11,709  
 
                
 
                
Foreign Common Stock 0.0% of net assets
 
                
Bermuda 0.0%
                
Invesco Ltd.
     459       5  
 
                
 
Total Foreign Common Stock
(Cost $12)		             5  
 
                
 
                
Other Investment Companies 95.2% of net assets
Schwab Institutional Select S&P 500 Fund (a)
     2,888,426       18,804  
Schwab International Index Fund, Select Shares (a)
     2,096,211       24,337  
Schwab S&P 500 Index Fund, Select Shares (a)
     1,587,390       20,255  
Schwab Small-Cap Index Fund, Select Shares (a)
     2,175,915       24,153  
Schwab Total Bond Market Fund (a)
     16,086,356       140,755  
Schwab Value Advantage Money Fund, Institutional Shares (a)
     10,710,770       10,711  
 
                
Total Other Investment Companies
(Cost $275,795)		             239,015  
 
                
                 
Security   Face Amount     Value  
                          Rate, Maturity Date   ($ x 1,000)     ($ x 1,000)  
Short-Term Investment 0.1% of net assets
                
 
                
Commercial Paper & Other Obligations 0.1%
                
 
                
Citibank, London Time Deposit
                
0.07%, 02/02/09
     190       190  
 
              
 
Total Short-Term Investment
(Cost $190)		             190  
 
              
End of Investments.
(All dollar amounts are x 1,000)
At 01/31/09 the tax basis cost of the fund’s investments was $290,734 and the unrealized appreciation and depreciation were $889 and ($40,704), respectively, with a net unrealized depreciation of ($39,815).
 
*   Non-income producing security.
 
(a)   Issuer is affiliated with the fund’s adviser.
 
ADR — American Depositary Receipt
 
REIT — Real Estate Investment Trust

6

 

Schwab MarketTrack Conservative Portfolio
Portfolio Holdings (Unaudited) continued
Various inputs are used in determining the value of the fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. Securities in money funds are valued utilizing amortized cost (which approximates market value) permitted in accordance with Rule 2a-7 of the Investment Company Act of 1940.
The following is a summary of the inputs used as of January 31, 2009 in valuing the fund’s investments carried at value:
                 
            Investments in  
Valuation Inputs           Securties*  
Level 1 - Quoted Prices
           $ 250,729  
Level 2 - Other Significant Observable Inputs
             190  
Level 3 - Significant Unobservable Inputs
             —  
 
              
Total
           $ 250,919  
 
              
 
*   The fund had no other financial instruments.
REG46834JAN09

7

 

Schwab Capital Trust
Schwab MarketTrack Balanced PortfolioTM
Portfolio Holdings As of January 31, 2009, (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.
                         
            Cost   Value
Holdings by Category   ($ x 1,000)   ($ x 1,000)
 
  13.5 %  
Common Stock
     46,624       49,668  
  — %  
Foreign Common Stock
     50       23  
  86.0 %  
Other Investment Companies
     377,909       316,192  
  0.6 %  
Short-Term Investment
     2,185       2,185  
  100.1 %  
Total Investments
     426,768       368,068  
  (0.1) %  
Other Assets and Liabilities, Net
             (316 )
  100.0 %  
Total Net Assets
             367,752  
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Common Stock 13.5% of net assets
                
 
                
Automobiles & Components 0.0%
                
Ford Motor Co. *
     12,185       23  
General Motors Corp.
     3,650       11  
Harley-Davidson, Inc.
     1,700       20  
Johnson Controls, Inc.
     3,600       45  
The Goodyear Tire & Rubber Co. *
     1,600       10  
 
                
 
             109  
 
                
Banks 0.3%
                
BB&T Corp.
     3,600       71  
Comerica, Inc.
     1,100       18  
Fifth Third Bancorp
     4,058       10  
First Horizon National Corp.
     839       8  
Hudson City Bancorp, Inc.
     2,400       28  
Huntington Bancshares, Inc.
     1,597       5  
KeyCorp
     3,000       22  
M&T Bank Corp.
     500       19  
Marshall & Ilsley Corp.
     1,344       8  
People’s United Financial, Inc.
     2,400       39  
PNC Financial Services Group, Inc.
     2,260       74  
Regions Financial Corp.
     5,151       18  
SunTrust Banks, Inc.
     2,300       28  
U.S. Bancorp
     11,654       173  
Wells Fargo & Co.
     29,070       549  
Zions Bancorp
     600       9  
 
                
 
             1,079  
 
                
Capital Goods 1.1%
                
3M Co.
     5,000       269  
Caterpillar, Inc.
     4,300       133  
Cooper Industries Ltd., Class A
     1,600       43  
Cummins, Inc.
     1,200       29  
Danaher Corp.
     2,000       112  
Deere & Co.
     3,000       104  
Dover Corp.
     1,400       40  
Eaton Corp.
     1,000       44  
Emerson Electric Co.
     5,600       183  
Fastenal Co.
     675       23  
Flowserve Corp.
     400       21  
Fluor Corp.
     1,000       39  
General Dynamics Corp.
     2,600       148  
General Electric Co.
     71,560       868  
Goodrich Corp.
     700       27  
Honeywell International, Inc.
     5,700       187  
Illinois Tool Works, Inc.
     2,800       91  
Ingersoll-Rand Co., Ltd., Class A
     2,453       40  
ITT Corp.
     1,400       63  
Jacobs Engineering Group, Inc. *
     800       31  
L-3 Communications Holdings, Inc.
     700       55  
Lockheed Martin Corp.
     2,400       197  
Masco Corp.
     3,000       24  
Northrop Grumman Corp.
     2,456       118  
PACCAR, Inc.
     2,362       62  
Pall Corp.
     1,100       29  
Parker Hannifin Corp.
     1,050       40  
Precision Castparts Corp.
     900       59  
Raytheon Co.
     3,200       162  
Rockwell Automation, Inc.
     800       21  
Rockwell Collins, Inc.
     1,200       45  
Textron, Inc.
     2,000       18  
The Boeing Co.
     5,484       232  
The Manitowoc Co., Inc.
     800       4  
Tyco International Ltd.
     3,237       68  
United Technologies Corp.
     6,900       331  
W.W. Grainger, Inc.
     600       44  
 
                
 
             4,004  
 
                
Commercial & Professional Supplies 0.1%
                
Avery Dennison Corp.
     700       17  
Cintas
     402       9  
Equifax, Inc.
     900       22  
Iron Mountain, Inc. *
     1,200       25  
Monster Worldwide, Inc. *
     666       6  
Pitney Bowes, Inc.
     1,600       36  
R.R. Donnelley & Sons Co.
     1,800       18  
Republic Services, Inc.
     2,195       57  
Robert Half International, Inc.
     1,200       20  
Stericycle, Inc. *
     600       29  
The Dun & Bradstreet Corp.
     400       30  
Waste Management, Inc.
     3,712       116  
 
                
 
             385  
 
                
Consumer Durables & Apparel 0.1%
                
Centex Corp.
     800       7  
Coach, Inc. *
     2,700       39  
D.R. Horton, Inc.
     1,790       11  

1

 

Schwab MarketTrack Balanced Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
Eastman Kodak Co.
     2,000       9  
Fortune Brands, Inc.
     1,000       32  
Harman International Industries, Inc.
     300       5  
Hasbro, Inc.
     1,275       31  
Jones Apparel Group, Inc.
     800       3  
KB HOME
     600       6  
Leggett & Platt, Inc.
     300       4  
Lennar Corp., Class A
     900       7  
Liz Claiborne, Inc.
     800       2  
Mattel, Inc.
     2,825       40  
Newell Rubbermaid, Inc.
     1,872       15  
NIKE, Inc., Class B
     2,600       118  
Polo Ralph Lauren Corp.
     500       20  
Pulte Homes, Inc.
     700       7  
Snap-on, Inc.
     650       19  
The Black & Decker Corp.
     600       17  
The Stanley Works
     600       19  
VF Corp.
     800       45  
Whirlpool Corp.
     271       9  
 
                
 
             465  
 
                
Consumer Services 0.3%
                
Apollo Group, Inc., Class A *
     1,100       90  
Carnival Corp.
     2,870       52  
Darden Restaurants, Inc.
     950       25  
H&R Block, Inc.
     1,200       25  
International Game Technology
     2,100       22  
Marriott International, Inc., Class A
     2,200       36  
McDonald’s Corp.
     8,100       470  
Starbucks Corp. *
     4,880       46  
Starwood Hotels & Resorts Worldwide, Inc.
     1,200       18  
Wyndham Worldwide Corp.
     1,283       8  
Wynn Resorts Ltd. *
     400       12  
Yum! Brands, Inc.
     4,120       118  
 
                
 
             922  
 
Diversified Financials 0.6%
                
American Capital Ltd.
     600       2  
American Express Co.
     8,310       139  
Ameriprise Financial, Inc.
     1,842       37  
Bank of America Corp.
     36,135       238  
Bank of New York Mellon Corp.
     7,422       191  
Capital One Financial Corp.
     2,400       38  
CIT Group, Inc.
     1,300       4  
Citigroup, Inc.
     32,666       116  
CME Group, Inc.
     230       40  
Discover Financial Services
     3,605       26  
E*TRADE Financial Corp. *
     2,400       3  
Federated Investors, Inc., Class B
     700       14  
Franklin Resources, Inc.
     1,210       58  
IntercontinentalExchange, Inc. *
     500       28  
Janus Capital Group, Inc.
     1,400       7  
JPMorgan Chase & Co.
     25,113       641  
Legg Mason, Inc.
     800       13  
Leucadia National Corp. *
     1,000       16  
Moody’s Corp.
     2,000       43  
Morgan Stanley
     7,210       146  
Northern Trust Corp.
     1,400       80  
NYSE Euronext
     1,500       33  
SLM Corp. *
     2,200       25  
State Street Corp.
     2,400       56  
T. Rowe Price Group, Inc.
     2,000       55  
The Charles Schwab Corp.
     6,883       93  
The Goldman Sachs Group, Inc.
     2,779       224  
The Nasdaq OMX Group, Inc. *
     900       20  
 
                
 
             2,386  
 
                
Energy 1.9%
                
Anadarko Petroleum Corp.
     3,020       111  
Apache Corp.
     2,048       154  
Baker Hughes, Inc.
     1,750       58  
BJ Services Co.
     1,200       13  
Cabot Oil & Gas Corp.
     700       19  
Cameron International Corp. *
     1,500       35  
Chesapeake Energy Corp.
     2,300       36  
Chevron Corp.
     14,127       996  
ConocoPhillips
     10,585       503  
CONSOL Energy, Inc.
     1,200       33  
Devon Energy Corp.
     2,600       160  
El Paso Corp.
     3,222       26  
ENSCO International, Inc.
     800       22  
EOG Resources, Inc.
     1,518       103  
Exxon Mobil Corp.
     37,910       2,899  
Halliburton Co.
     6,748       116  
Hess Corp.
     1,800       100  
Marathon Oil Corp.
     4,436       121  
Massey Energy Co.
     500       8  
Murphy Oil Corp.
     1,100       49  
Nabors Industries Ltd. *
     2,000       22  
National-Oilwell Varco, Inc. *
     2,260       60  
Noble Corp.
     1,800       49  
Noble Energy
     1,000       49  
Occidental Petroleum Corp.
     5,400       295  
Peabody Energy Corp.
     1,300       32  
Pioneer Natural Resources Co.
     800       12  
Range Resources Corp.
     800       29  
Rowan Cos., Inc.
     600       8  
Schlumberger Ltd.
     7,800       318  
Smith International, Inc.
     1,300       30  
Southwestern Energy Co. *
     2,300       73  
Spectra Energy Corp.
     3,756       54  
Sunoco, Inc.
     500       23  
Tesoro Corp.
     900       16  
The Williams Cos., Inc.
     3,000       42  
Valero Energy Corp.
     4,000       96  
Weatherford International Ltd. *
     3,640       40  
XTO Energy, Inc.
     2,832       105  
 
                
 
             6,915  
 
                
Food & Staples Retailing 0.5%
                
Costco Wholesale Corp.
     3,000       135  
CVS Caremark Corp.
     10,189       274  
Safeway, Inc.
     2,800       60  
SUPERVALU, Inc.
     786       14  
Sysco Corp.
     3,500       78  

2

 

Schwab MarketTrack Balanced Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Kroger Co.
     5,300       119  
Wal-Mart Stores, Inc.
     16,640       784  
Walgreen Co.
     6,600       181  
Whole Foods Market, Inc.
     800       8  
 
                
 
             1,653  
 
                
Food, Beverage & Tobacco 0.8%
                
Altria Group, Inc.
     13,640       226  
Archer-Daniels-Midland Co.
     3,746       103  
Brown-Forman Corp., Class B
     255       12  
Campbell Soup Co.
     1,200       36  
Coca-Cola Enterprises, Inc.
     1,800       20  
ConAgra Foods, Inc.
     3,800       65  
Constellation Brands, Inc., Class A *
     1,290       19  
Dean Foods Co. *
     800       15  
Dr. Pepper Snapple Group, Inc. *
     2,000       33  
General Mills, Inc.
     2,392       141  
H.J. Heinz Co.
     2,300       84  
Kellogg Co.
     1,700       74  
Kraft Foods, Inc., Class A
     9,439       265  
Lorillard, Inc.
     1,250       74  
McCormick & Co., Inc.
     900       29  
Molson Coors Brewing Co., Class B
     400       16  
PepsiCo, Inc.
     11,070       556  
Philip Morris International, Inc.
     13,640       507  
Reynolds American, Inc.
     1,228       47  
Sara Lee Corp.
     5,100       51  
The Coca-Cola Co.
     13,810       590  
The Hershey Co.
     700       26  
The J.M. Smucker Co.
     1,912       86  
The Pepsi Bottling Group, Inc.
     926       18  
Tyson Foods, Inc., Class A
     1,700       15  
 
                
 
             3,108  
 
                
Health Care Equipment & Services 0.7%
                
Aetna, Inc.
     4,136       128  
AmerisourceBergen Corp.
     1,400       51  
Baxter International, Inc.
     4,600       270  
Becton, Dickinson & Co.
     1,800       131  
Boston Scientific Corp. *
     7,307       65  
C.R. Bard, Inc.
     600       51  
Cardinal Health, Inc.
     2,775       105  
CIGNA Corp.
     3,000       52  
Coventry Health Care, Inc. *
     1,250       19  
Covidien Ltd.
     3,237       124  
DENTSPLY International, Inc.
     800       22  
Express Scripts, Inc. *
     2,000       108  
Hospira, Inc. *
     1,020       25  
Humana, Inc. *
     1,300       49  
IMS Health, Inc.
     1,500       22  
Intuitive Surgical, Inc. *
     300       31  
Laboratory Corp. of America Holdings *
     900       53  
McKesson Corp.
     2,173       96  
Medco Health Solutions, Inc. *
     3,568       160  
Medtronic, Inc.
     7,800       261  
Patterson Cos., Inc. *
     900       17  
Quest Diagnostics, Inc.
     670       33  
St. Jude Medical, Inc. *
     2,120       77  
Stryker Corp.
     1,946       82  
Tenet Healthcare Corp. *
     3,150       3  
UnitedHealth Group, Inc.
     9,100       258  
Varian Medical Systems, Inc. *
     700       26  
WellPoint, Inc. *
     4,252       176  
Zimmer Holdings, Inc. *
     1,500       55  
 
                
 
             2,550  
 
                
Household & Personal Products 0.4%
                
Avon Products, Inc.
     3,000       61  
Colgate-Palmolive Co.
     3,600       234  
Kimberly-Clark Corp.
     3,380       174  
The Clorox Co.
     1,300       65  
The Estee Lauder Cos., Inc., Class A
     700       19  
The Procter & Gamble Co.
     19,872       1,083  
 
                
 
             1,636  
 
Insurance 0.3%
                
Aflac, Inc.
     3,300       77  
American International Group, Inc.
     17,342       22  
Aon Corp.
     2,025       75  
Assurant, Inc.
     700       18  
Cincinnati Financial Corp.
     623       14  
Genworth Financial, Inc., Class A
     3,300       8  
Lincoln National Corp.
     2,243       34  
Loews Corp.
     1,514       37  
Marsh & McLennan Cos., Inc.
     3,600       69  
MBIA, Inc. *
     550       2  
MetLife, Inc.
     5,286       152  
Principal Financial Group, Inc.
     2,329       39  
Prudential Financial, Inc.
     3,500       90  
The Allstate Corp.
     4,700       102  
The Chubb Corp.
     3,000       128  
The Hartford Financial Services Group, Inc.
     2,300       30  
The Progressive Corp.
     6,000       73  
The Travelers Cos., Inc.
     4,841       187  
Torchmark Corp.
     800       24  
Unum Group
     2,757       39  
XL Capital Ltd., Class A
     800       2  
 
                
 
             1,222  
 
                
Materials 0.4%
                
Air Products & Chemicals, Inc.
     1,500       75  
AK Steel Holding Corp.
     600       5  
Alcoa, Inc.
     5,648       44  
Allegheny Technologies, Inc.
     492       11  
Ashland, Inc.
     620       5  
Ball Corp.
     800       31  
Bemis Co., Inc.
     600       13  
CF Industries Holdings, Inc.
     325       15  
E.I. du Pont de Nemours & Co.
     6,484       149  
Eastman Chemical Co.
     600       16  
Ecolab, Inc.
     1,200       41  
Freeport-McMoRan Copper & Gold, Inc.
     1,823       46  

3

 

Schwab MarketTrack Balanced Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
International Flavors & Fragrances, Inc.
     500       14  
International Paper Co.
     3,166       29  
MeadWestvaco Corp.
     579       7  
Monsanto Co.
     3,854       293  
Newmont Mining Corp.
     2,754       110  
Nucor Corp.
     2,400       98  
Owens-Illinois, Inc. *
     1,100       21  
Pactiv Corp. *
     1,000       22  
PPG Industries, Inc.
     1,200       45  
Praxair, Inc.
     2,000       124  
Rohm & Haas Co.
     1,421       78  
Sealed Air Corp.
     1,242       17  
Sigma-Aldrich Corp.
     1,000       36  
The Dow Chemical Co.
     6,049       70  
Titanium Metals Corp.
     600       4  
United States Steel Corp.
     700       21  
Vulcan Materials Co.
     400       20  
Weyerhaeuser Co.
     1,400       38  
 
                
 
             1,498  
 
                
Media 0.3%
                
CBS Corp., Class B
     5,309       30  
Comcast Corp., Class A
     20,691       303  
Gannett Co., Inc.
     1,700       10  
Meredith Corp.
     300       5  
News Corp., Class A
     16,300       104  
Omnicom Group, Inc.
     2,400       62  
Scripps Networks Interactive, Class A
     600       13  
The DIRECTV Group, Inc. *
     3,600       79  
The Interpublic Group of Cos., Inc. *
     2,500       8  
The McGraw-Hill Cos., Inc.
     2,400       53  
The New York Times Co., Class A
     100       —  
The Walt Disney Co.
     14,117       292  
The Washington Post Co., Class B
     15       6  
Time Warner, Inc.
     26,470       247  
Viacom, Inc., Class B *
     4,609       68  
 
                
 
             1,280  
 
                
Pharmaceuticals, Biotechnology & Life Sciences 1.5%
                
Abbott Laboratories
     10,200       565  
Allergan, Inc.
     1,800       69  
Amgen, Inc. *
     7,840       430  
Biogen Idec, Inc. *
     2,550       124  
Bristol-Myers Squibb Co.
     12,800       274  
Celgene Corp. *
     1,800       95  
Cephalon, Inc. *
     500       39  
Eli Lilly & Co.
     6,500       239  
Forest Laboratories, Inc. *
     2,400       60  
Genzyme Corp. *
     1,700       117  
Gilead Sciences, Inc. *
     5,960       303  
Johnson & Johnson
     19,872       1,146  
King Pharmaceuticals, Inc. *
     1,388       12  
Life Technologies Corp. *
     619       16  
Merck & Co., Inc.
     14,500       414  
Millipore Corp. *
     200       11  
Mylan, Inc. *
     1,700       19  
PerkinElmer, Inc.
     600       8  
Pfizer, Inc.
     49,386       720  
Schering-Plough Corp.
     10,300       181  
Teva Pharmaceutical Industries Ltd. ADR
     376       16  
Thermo Fisher Scientific, Inc. *
     2,340       84  
Waters Corp. *
     900       33  
Watson Pharmaceuticals, Inc. *
     1,100       30  
Wyeth
     8,800       378  
 
                
 
             5,383  
 
                
Real Estate 0.1%
                
Apartment Investment & Management Co., Class A
     867       8  
AvalonBay Communities, Inc.
     400       21  
Boston Properties, Inc.
     500       22  
CB Richard Ellis Group, Inc., Class A *
     900       3  
Developers Diversified Realty Corp.
     800       4  
Equity Residential
     1,700       41  
General Growth Properties, Inc.
     1,600       1  
HCP, Inc.
     1,500       35  
Health Care REIT, Inc.
     700       26  
Host Hotels & Resorts, Inc.
     3,400       18  
Kimco Realty Corp.
     1,001       14  
Plum Creek Timber Co., Inc.
     1,200       37  
ProLogis
     1,200       12  
Public Storage
     600       37  
Simon Property Group, Inc.
     1,450       62  
Vornado Realty Trust
     800       41  
 
                
 
             382  
 
                
Retailing 0.4%
                
Abercrombie & Fitch Co., Class A
     500       9  
Amazon.com, Inc. *
     2,000       118  
AutoNation, Inc. *
     100       1  
AutoZone, Inc. *
     500       66  
Bed Bath & Beyond, Inc. *
     1,800       42  
Best Buy Co., Inc.
     2,250       63  
Big Lots, Inc. *
     1,200       16  
Dillard’s, Inc., Class A
     700       3  
Expedia, Inc. *
     1,400       12  
Family Dollar Stores, Inc.
     1,100       31  
GameStop Corp., Class A *
     1,100       27  
Genuine Parts Co.
     650       21  
J.C. Penney Co., Inc.
     1,700       28  
Kohl’s Corp. *
     2,200       81  
Limited Brands, Inc.
     1,591       13  
Lowe’s Cos., Inc.
     10,000       183  
Macy’s, Inc.
     3,508       31  
Nordstrom, Inc.
     1,800       23  
Office Depot, Inc. *
     1,800       4  
RadioShack Corp.
     900       10  
Sears Holdings Corp. *
     673       28  
Staples, Inc.
     4,575       73  
Target Corp.
     5,800       181  
The Gap, Inc.
     3,862       44  

4

 

Schwab MarketTrack Balanced Portfolio
Portfolio Holdings (Unaudited) continued
                 
    Number of   Value
Security   Shares   ($ x 1,000)
The Home Depot, Inc.
     12,240       263  
The Sherwin-Williams Co.
     1,100       52  
The TJX Cos., Inc.
     3,600       70  
Tiffany & Co.
     350       7  
 
                
 
             1,500  
 
                
Semiconductors & Semiconductor Equipment 0.3%
                
Advanced Micro Devices, Inc. *
     2,040       5  
Altera Corp.
     2,546       39  
Analog Devices, Inc.
     2,300       46  
Applied Materials, Inc.
     10,900       102  
Broadcom Corp., Class A *
     3,000       48  
Intel Corp.
     38,360       495  
KLA-Tencor Corp.
     1,600       32  
Linear Technology Corp.
     1,300       31  
LSI Corp. *
     2,000       6  
MEMC Electronic Materials, Inc. *
     1,500       20  
Microchip Technology, Inc.
     1,500       29  
Micron Technology, Inc. *
     3,600       13  
National Semiconductor Corp.
     2,200       22  
Novellus Systems, Inc. *
     900       12  
NVIDIA Corp. *
     4,050       32  
Teradyne, Inc. *
     1,100       5  
Texas Instruments, Inc.
     9,800       147  
Xilinx, Inc.
     2,100       35  
 
                
 
             1,119  
 
                
Software & Services 0.9%
                
Adobe Systems, Inc. *
     3,900       75  
Affiliated Computer Services, Inc., Class A *
     465       21  
Akamai Technologies, Inc. *
     1,000       14  
Autodesk, Inc. *
     1,600       27  
Automatic Data Processing, Inc.
     3,900       142  
BMC Software, Inc. *
     1,600       41  
CA, Inc.
     3,825       69  
Citrix Systems, Inc. *
     1,200       25  
Cognizant Technology Solutions Corp., Class A *
     1,800       34  
Computer Sciences Corp. *
     1,090       40  
Compuware Corp. *
     2,400       16  
Convergys Corp. *
     1,369       10  
eBay, Inc. *
     7,416       89  
Electronic Arts, Inc. *
     2,292       35  
Fidelity National Information Services, Inc.
     1,000       16  
Fiserv, Inc. *
     1,200       38  
Google, Inc., Class A *
     1,400       474  
Intuit, Inc. *
     2,654       60  
MasterCard, Inc., Class A
     500       68  
McAfee, Inc. *
     1,100       34  
Microsoft Corp.
     58,390       998  
Novell, Inc. *
     2,200       8  
Oracle Corp. *
     25,721       433  
Paychex, Inc.
     2,475       60  
Salesforce.com, Inc. *
     527       14  
Symantec Corp. *
     5,018       77  
Total System Services, Inc.
     1,300       16  
VeriSign, Inc. *
     1,600       31  
Western Union Co.
     5,704       78  
Yahoo!, Inc. *
     7,500       88  
 
                
 
             3,131  
 
                
Technology Hardware & Equipment 1.1%
                
Agilent Technologies, Inc. *
     2,917       53  
Amphenol Corp., Class A
     1,200       31  
Apple, Inc. *
     5,430       489  
Ciena Corp. *
     300       2  
Cisco Systems, Inc. *
     42,100       630  
Corning, Inc.
     9,550       97  
Dell, Inc. *
     16,500       157  
EMC Corp. *
     15,562       172  
FLIR Systems, Inc. *
     1,000       25  
Harris Corp.
     900       39  
Hewlett-Packard Co.
     18,324       637  
International Business Machines Corp.
     10,200       935  
Jabil Circuit, Inc.
     441       3  
JDS Uniphase Corp. *
     1,058       4  
Juniper Networks, Inc. *
     3,000       42  
Lexmark International, Inc., Class A *
     800       19  
Molex, Inc.
     250       3  
Motorola, Inc.
     16,150  <