SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.2% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 26.1%
|
||||||||
Large-Cap 24.7%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$10,875,269
|
$1,776,285
|
($3,190,635
)
|
$546,570
|
$1,076,578
|
$11,084,067
|
196,526
|
$123,821
|
Small-Cap 1.4%
|
||||||||
Schwab U.S. Small-Cap ETF
|
629,914
|
193,508
|
(263,140
)
|
10,409
|
67,710
|
638,401
|
13,514
|
7,821
|
|
|
|
|
|
|
11,722,468
|
|
|
|
||||||||
International Stocks 7.9%
|
||||||||
Developed Markets 7.9%
|
||||||||
Schwab International Equity ETF
|
3,452,021
|
706,714
|
(837,553
)
|
34,669
|
171,611
|
3,527,462
|
95,440
|
103,838
|
|
||||||||
Real Estate 2.6%
|
||||||||
U.S. REITs 2.6%
|
||||||||
Schwab U.S. REIT ETF
|
1,135,505
|
240,620
|
(301,064
)
|
(50,454
)
|
116,638
|
1,141,245
|
55,106
|
31,905
|
|
||||||||
Fixed Income 58.8%
|
||||||||
Inflation-Protected Bond 6.4%
|
||||||||
Schwab U.S. TIPS ETF
|
2,801,176
|
631,697
|
(507,116
)
|
(81,636
)
|
2,084
|
2,846,205
|
54,525
|
83,250
|
Intermediate-Term Bond 45.6%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
20,081,514
|
4,145,013
|
(3,574,164
)
|
(727,151
)
|
542,553
|
20,467,765
|
439,034
|
558,279
|
Treasury Bond 6.8%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
2,988,583
|
807,670
|
(717,276
)
|
(36,117
)
|
14,190
|
3,057,050
|
63,097
|
95,935
|
|
|
|
|
|
|
26,371,020
|
|
|
|
||||||||
Money Market Funds 3.8%
|
||||||||
Schwab Variable Share Price Money Fund, Ultra
Shares, 5.43% (b)
|
1,733,920
|
73,042
|
(100,000
)
|
—
|
700
|
1,707,662
|
1,706,809
|
69,802
|
Total Affiliated Underlying Funds
(Cost $39,827,318)
|
$43,697,902
|
$8,574,549
|
($9,490,948
)
|
($303,710
)
|
$1,992,064
|
$44,469,857
|
|
$1,074,651
|
Total Investments in Securities
(Cost $39,827,318)
|
|
|
|
|
|
$44,469,857
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
TIPS —
|
Treasury Inflation Protected Securities
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 98.8% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 28.5%
|
||||||||
Large-Cap 26.9%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$15,417,792
|
$4,827,919
|
($3,735,249
)
|
$578,212
|
$1,973,736
|
$19,062,410
|
337,986
|
$179,791
|
Small-Cap 1.6%
|
||||||||
Schwab U.S. Small-Cap ETF
|
931,475
|
369,368
|
(297,480
)
|
16,496
|
125,475
|
1,145,334
|
24,245
|
11,817
|
|
|
|
|
|
|
20,207,744
|
|
|
|
||||||||
International Stocks 9.0%
|
||||||||
Developed Markets 9.0%
|
||||||||
Schwab International Equity ETF
|
5,152,627
|
1,993,360
|
(1,140,723
)
|
35,924
|
346,091
|
6,387,279
|
172,816
|
162,153
|
|
||||||||
Real Estate 2.8%
|
||||||||
U.S. REITs 2.8%
|
||||||||
Schwab U.S. REIT ETF
|
1,632,521
|
758,263
|
(534,422
)
|
(43,244
)
|
177,134
|
1,990,252
|
96,101
|
47,249
|
|
||||||||
Fixed Income 55.5%
|
||||||||
Inflation-Protected Bond 6.0%
|
||||||||
Schwab U.S. TIPS ETF
|
3,414,689
|
1,229,837
|
(335,870
)
|
(33,816
)
|
(46,744
)
|
4,228,096
|
80,998
|
105,688
|
Intermediate-Term Bond 43.1%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
24,724,056
|
8,686,448
|
(2,801,472
)
|
(497,188
)
|
457,309
|
30,569,153
|
655,709
|
715,748
|
Treasury Bond 6.4%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
3,643,393
|
1,523,599
|
(627,141
)
|
(25,259
)
|
3,855
|
4,518,447
|
93,260
|
121,575
|
|
|
|
|
|
|
39,315,696
|
|
|
|
||||||||
Money Market Funds 3.0%
|
||||||||
Schwab Variable Share Price Money Fund,
Ultra Shares, 5.43% (b)
|
2,041,417
|
86,467
|
—
|
—
|
836
|
2,128,720
|
2,127,656
|
82,705
|
Total Affiliated Underlying Funds
(Cost $62,001,182)
|
$56,957,970
|
$19,475,261
|
($9,472,357
)
|
$31,125
|
$3,037,692
|
$70,029,691
|
|
$1,426,726
|
Total Investments in Securities
(Cost $62,001,182)
|
|
|
|
|
|
$70,029,691
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
TIPS —
|
Treasury Inflation Protected Securities
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.2% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 30.0%
|
||||||||
Large-Cap 28.3%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$70,611,203
|
$9,865,448
|
($14,562,108
)
|
$1,460,613
|
$9,879,083
|
$77,254,239
|
1,369,756
|
$814,854
|
Small-Cap 1.7%
|
||||||||
Schwab U.S. Small-Cap ETF
|
4,385,543
|
1,108,628
|
(1,339,550
)
|
68,147
|
549,275
|
4,772,043
|
101,017
|
55,293
|
|
|
|
|
|
|
82,026,282
|
|
|
|
||||||||
International Stocks 9.9%
|
||||||||
Developed Markets 9.9%
|
||||||||
Schwab International Equity ETF
|
24,746,384
|
5,253,862
|
(4,548,104
)
|
165,100
|
1,527,069
|
27,144,311
|
734,424
|
769,290
|
|
||||||||
Real Estate 3.0%
|
||||||||
U.S. REITs 3.0%
|
||||||||
Schwab U.S. REIT ETF
|
7,573,780
|
1,689,110
|
(1,661,304
)
|
(311,204
)
|
879,423
|
8,169,805
|
394,486
|
216,859
|
|
||||||||
Fixed Income 53.2%
|
||||||||
Inflation-Protected Bond 5.7%
|
||||||||
Schwab U.S. TIPS ETF
|
14,247,608
|
2,881,239
|
(1,153,893
)
|
(230,303
)
|
(134,032
)
|
15,610,619
|
299,054
|
434,301
|
Intermediate-Term Bond 41.5%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
103,698,496
|
18,864,379
|
(8,666,853
)
|
(1,996,137
)
|
1,535,246
|
113,435,131
|
2,433,186
|
2,950,735
|
Treasury Bond 6.0%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
14,934,326
|
3,844,183
|
(2,175,933
)
|
(113,771
)
|
11,618
|
16,500,423
|
340,566
|
493,074
|
|
|
|
|
|
|
145,546,173
|
|
|
|
||||||||
Money Market Funds 3.1%
|
||||||||
Schwab Variable Share Price Money Fund,
Ultra Shares, 5.43% (b)
|
7,071,391
|
1,432,334
|
—
|
—
|
3,232
|
8,506,957
|
8,502,706
|
319,971
|
Total Affiliated Underlying Funds
(Cost $241,035,962)
|
$247,268,731
|
$44,939,183
|
($34,107,745
)
|
($957,555
)
|
$14,250,914
|
$271,393,528
|
|
$6,054,377
|
Total Investments in Securities
(Cost $241,035,962)
|
|
|
|
|
|
$271,393,528
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
TIPS —
|
Treasury Inflation Protected Securities
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.3% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 34.0%
|
||||||||
Large-Cap 31.9%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$152,005,434
|
$16,415,167
|
($24,442,640
)
|
$1,456,838
|
$23,256,417
|
$168,691,216
|
2,990,979
|
$1,833,672
|
Small-Cap 2.1%
|
||||||||
Schwab U.S. Small-Cap ETF
|
10,322,034
|
2,276,558
|
(2,656,096
)
|
166,568
|
1,283,240
|
11,392,304
|
241,158
|
135,724
|
|
|
|
|
|
|
180,083,520
|
|
|
|
||||||||
International Stocks 13.1%
|
||||||||
Developed Markets 12.0%
|
||||||||
Schwab International Equity ETF
|
56,820,605
|
10,514,570
|
(7,936,492
)
|
111,631
|
3,710,394
|
63,220,708
|
1,710,517
|
1,844,130
|
Emerging Markets 1.1%
|
||||||||
Schwab Emerging Markets Equity ETF
|
5,419,999
|
745,694
|
(321,789
)
|
(3,670
)
|
87,204
|
5,927,438
|
239,106
|
217,175
|
|
|
|
|
|
|
69,148,146
|
|
|
|
||||||||
Real Estate 3.5%
|
||||||||
U.S. REITs 3.5%
|
||||||||
Schwab U.S. REIT ETF
|
17,045,574
|
3,752,788
|
(3,379,266
)
|
(724,769
)
|
1,957,617
|
18,651,944
|
900,625
|
509,678
|
|
||||||||
Fixed Income 46.2%
|
||||||||
Inflation-Protected Bond 3.9%
|
||||||||
Schwab U.S. TIPS ETF
|
18,689,143
|
3,381,845
|
(960,857
)
|
(225,976
)
|
(283,321
)
|
20,600,834
|
394,652
|
583,626
|
Intermediate-Term Bond 38.0%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
181,560,370
|
35,110,031
|
(14,210,440
)
|
(3,489,023
)
|
2,523,779
|
201,494,717
|
4,322,066
|
5,329,319
|
Treasury Bond 4.3%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
20,393,244
|
5,169,091
|
(2,679,996
)
|
(191,841
)
|
52,465
|
22,742,963
|
469,411
|
691,592
|
|
|
|
|
|
|
244,838,514
|
|
|
|
||||||||
Money Market Funds 2.5%
|
||||||||
Schwab Variable Share Price Money Fund,
Ultra Shares, 5.43% (b)
|
10,991,065
|
2,010,291
|
—
|
—
|
4,960
|
13,006,316
|
12,999,816
|
490,946
|
Total Affiliated Underlying Funds
(Cost $460,988,571)
|
$473,247,468
|
$79,376,035
|
($56,587,576
)
|
($2,900,242
)
|
$32,592,755
|
$525,728,440
|
|
$11,635,862
|
Total Investments in Securities
(Cost $460,988,571)
|
|
|
|
|
|
$525,728,440
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
TIPS —
|
Treasury Inflation Protected Securities
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.1% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 41.6%
|
||||||||
Large-Cap 38.6%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$310,299,790
|
$43,327,976
|
($24,369,153
)
|
($62,979
)
|
$52,741,275
|
$381,936,909
|
6,771,931
|
$3,899,344
|
Small-Cap 3.0%
|
||||||||
Schwab U.S. Small-Cap ETF
|
24,281,579
|
6,265,582
|
(4,698,109
)
|
(142,810
)
|
3,799,720
|
29,505,962
|
624,597
|
334,199
|
|
|
|
|
|
|
411,442,871
|
|
|
|
||||||||
International Stocks 17.6%
|
||||||||
Developed Markets 15.3%
|
||||||||
Schwab International Equity ETF
|
122,994,893
|
27,203,291
|
(7,342,561
)
|
(283,947
)
|
9,133,379
|
151,705,055
|
4,104,574
|
4,215,973
|
Emerging Markets 2.3%
|
||||||||
Schwab Emerging Markets Equity ETF
|
18,308,667
|
5,174,578
|
(1,243,456
)
|
(135,004
)
|
467,626
|
22,572,411
|
910,545
|
784,527
|
|
|
|
|
|
|
174,277,466
|
|
|
|
||||||||
Real Estate 4.4%
|
||||||||
U.S. REITs 4.4%
|
||||||||
Schwab U.S. REIT ETF
|
36,139,721
|
8,530,329
|
(3,822,885
)
|
(809,666
)
|
3,800,476
|
43,837,975
|
2,116,754
|
1,122,569
|
|
||||||||
Fixed Income 33.9%
|
||||||||
Inflation-Protected Bond 1.2%
|
||||||||
Schwab U.S. TIPS ETF
|
10,449,929
|
2,174,088
|
—
|
—
|
(261,125
)
|
12,362,892
|
236,837
|
336,005
|
Intermediate-Term Bond 30.7%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
247,065,354
|
66,850,685
|
(8,922,800
)
|
(2,393,353
)
|
1,683,819
|
304,283,705
|
6,526,892
|
7,520,791
|
Treasury Bond 2.0%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
15,829,720
|
5,105,872
|
(1,355,159
)
|
(99,723
)
|
744
|
19,481,454
|
402,094
|
554,396
|
|
|
|
|
|
|
336,128,051
|
|
|
|
||||||||
Money Market Funds 1.6%
|
||||||||
Schwab Variable Share Price Money
Fund, Ultra Shares, 5.43% (b)
|
11,766,812
|
4,308,779
|
—
|
—
|
5,949
|
16,081,540
|
16,073,503
|
589,339
|
Total Affiliated Underlying Funds
(Cost $857,948,255)
|
$797,136,465
|
$168,941,180
|
($51,754,123
)
|
($3,927,482
)
|
$71,371,863
|
$981,767,903
|
|
$19,357,143
|
Total Investments in Securities
(Cost $857,948,255)
|
|
|
|
|
|
$981,767,903
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
TIPS —
|
Treasury Inflation Protected Securities
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.2% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 46.8%
|
||||||||
Large-Cap 43.0%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$225,386,787
|
$48,476,125
|
($17,080,713
)
|
($329,403
)
|
$40,207,087
|
$296,659,883
|
5,259,927
|
$2,985,560
|
Small-Cap 3.8%
|
||||||||
Schwab U.S. Small-Cap ETF
|
19,928,155
|
6,620,273
|
(3,658,531
)
|
(61,011
)
|
3,254,018
|
26,082,904
|
552,136
|
289,750
|
|
|
|
|
|
|
322,742,787
|
|
|
|
||||||||
International Stocks 21.2%
|
||||||||
Developed Markets 17.9%
|
||||||||
Schwab International Equity ETF
|
93,527,714
|
26,648,513
|
(3,828,754
)
|
(234,687
)
|
7,298,539
|
123,411,325
|
3,339,051
|
3,398,383
|
Emerging Markets 3.3%
|
||||||||
Schwab Emerging Markets Equity ETF
|
17,165,962
|
6,594,084
|
(1,398,395
)
|
(199,893
)
|
509,193
|
22,670,951
|
914,520
|
793,882
|
|
|
|
|
|
|
146,082,276
|
|
|
|
||||||||
Real Estate 5.1%
|
||||||||
U.S. REITs 5.1%
|
||||||||
Schwab U.S. REIT ETF
|
27,039,246
|
8,626,406
|
(2,970,793
)
|
(738,317
)
|
3,133,799
|
35,090,341
|
1,694,367
|
885,331
|
|
||||||||
Fixed Income 25.0%
|
||||||||
Intermediate-Term Bond 24.0%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
125,605,418
|
46,485,364
|
(6,428,366
)
|
(1,690,086
)
|
1,551,141
|
165,523,471
|
3,550,482
|
3,995,787
|
Treasury Bond 1.0%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
4,864,168
|
1,856,161
|
(351,933
)
|
(24,980
)
|
(2,038
)
|
6,341,378
|
130,885
|
180,914
|
|
|
|
|
|
|
171,864,849
|
|
|
|
||||||||
Money Market Funds 1.1%
|
||||||||
Schwab Variable Share Price Money
Fund, Ultra Shares, 5.43% (b)
|
3,573,719
|
3,961,747
|
—
|
—
|
2,594
|
7,538,060
|
7,534,293
|
257,405
|
Total Affiliated Underlying Funds
(Cost $587,993,846)
|
$517,091,169
|
$149,268,673
|
($35,717,485
)
|
($3,278,377
)
|
$55,954,333
|
$683,318,313
|
|
$12,787,012
|
Total Investments in Securities
(Cost $587,993,846)
|
|
|
|
|
|
$683,318,313
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.3% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 51.0%
|
||||||||
Large-Cap 46.4%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$306,080,571
|
$60,110,778
|
($16,714,949
)
|
($527,213
)
|
$54,205,514
|
$403,154,701
|
7,148,133
|
$4,017,872
|
Small-Cap 4.6%
|
||||||||
Schwab U.S. Small-Cap ETF
|
30,718,715
|
9,629,303
|
(4,950,377
)
|
(339,646
)
|
5,177,164
|
40,235,159
|
851,718
|
446,210
|
|
|
|
|
|
|
443,389,860
|
|
|
|
||||||||
International Stocks 24.3%
|
||||||||
Developed Markets 20.0%
|
||||||||
Schwab International Equity ETF
|
131,714,207
|
36,354,644
|
(4,032,219
)
|
(352,938
)
|
10,151,900
|
173,835,594
|
4,703,344
|
4,737,444
|
Emerging Markets 4.3%
|
||||||||
Schwab Emerging Markets Equity ETF
|
28,026,679
|
9,962,597
|
(1,329,839
)
|
(279,783
)
|
772,970
|
37,152,624
|
1,498,694
|
1,279,811
|
|
|
|
|
|
|
210,988,218
|
|
|
|
||||||||
Real Estate 5.6%
|
||||||||
U.S. REITs 5.6%
|
||||||||
Schwab U.S. REIT ETF
|
37,711,050
|
11,779,414
|
(3,830,750
)
|
(806,214
)
|
4,126,582
|
48,980,082
|
2,365,045
|
1,225,713
|
|
||||||||
Fixed Income 17.7%
|
||||||||
Intermediate-Term Bond 17.2%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
113,393,854
|
41,277,190
|
(5,436,426
)
|
(1,431,868
)
|
1,282,882
|
149,085,632
|
3,197,890
|
3,576,068
|
Treasury Bond 0.5%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
3,369,389
|
1,385,317
|
(241,805
)
|
(14,129
)
|
(4,405
)
|
4,494,367
|
92,763
|
123,624
|
|
|
|
|
|
|
153,579,999
|
|
|
|
||||||||
Money Market Funds 0.7%
|
||||||||
Schwab Variable Share Price Money
Fund, Ultra Shares, 5.43% (b)
|
2,425,402
|
3,707,142
|
—
|
—
|
2,062
|
6,134,606
|
6,131,540
|
204,796
|
Total Affiliated Underlying Funds
(Cost $733,869,062)
|
$653,439,867
|
$174,206,385
|
($36,536,365
)
|
($3,751,791
)
|
$75,714,669
|
$863,072,765
|
|
$15,611,538
|
Total Investments in Securities
(Cost $733,869,062)
|
|
|
|
|
|
$863,072,765
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 54.3%
|
||||||||
Large-Cap 48.9%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$200,463,709
|
$40,655,845
|
($11,690,303
)
|
($322,349
)
|
$35,633,513
|
$264,740,415
|
4,693,979
|
$2,662,492
|
Small-Cap 5.4%
|
||||||||
Schwab U.S. Small-Cap ETF
|
22,362,024
|
6,639,363
|
(3,187,936
)
|
(216,867
)
|
3,773,469
|
29,370,053
|
621,720
|
325,424
|
|
|
|
|
|
|
294,110,468
|
|
|
|
||||||||
International Stocks 27.0%
|
||||||||
Developed Markets 21.8%
|
||||||||
Schwab International Equity ETF
|
89,144,689
|
24,854,614
|
(2,571,271
)
|
(248,057
)
|
6,855,148
|
118,035,123
|
3,193,591
|
3,232,701
|
Emerging Markets 5.2%
|
||||||||
Schwab Emerging Markets Equity ETF
|
21,431,510
|
8,025,559
|
(1,442,271
)
|
(336,018
)
|
724,189
|
28,402,969
|
1,145,743
|
982,546
|
|
|
|
|
|
|
146,438,092
|
|
|
|
||||||||
Real Estate 6.1%
|
||||||||
U.S. REITs 6.1%
|
||||||||
Schwab U.S. REIT ETF
|
25,323,343
|
8,047,469
|
(2,587,634
)
|
(596,973
)
|
2,787,967
|
32,974,172
|
1,592,186
|
833,448
|
|
||||||||
Fixed Income 11.6%
|
||||||||
Intermediate-Term Bond 11.1%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
45,646,104
|
17,245,598
|
(2,372,206
)
|
(617,444
)
|
510,429
|
60,412,481
|
1,295,849
|
1,456,915
|
Treasury Bond 0.5%
|
||||||||
Schwab Short-Term U.S. Treasury ETF
|
1,972,775
|
770,973
|
(148,722
)
|
(11,734
)
|
(229
)
|
2,583,063
|
53,314
|
74,994
|
|
|
|
|
|
|
62,995,544
|
|
|
|
||||||||
Money Market Funds 0.4%
|
||||||||
Schwab Variable Share Price Money
Fund, Ultra Shares, 5.43% (b)
|
47,182
|
1,855,696
|
—
|
—
|
569
|
1,903,447
|
1,902,495
|
56,700
|
Total Affiliated Underlying Funds
(Cost $452,127,091)
|
$406,391,336
|
$108,095,117
|
($24,000,343
)
|
($2,349,442
)
|
$50,285,055
|
$538,421,723
|
|
$9,625,220
|
Total Investments in Securities
(Cost $452,127,091)
|
|
|
|
|
|
$538,421,723
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 56.2%
|
||||||||
Large-Cap 50.2%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$256,511,189
|
$53,168,881
|
($10,552,107
)
|
($535,057
)
|
$46,546,048
|
$345,138,954
|
6,119,485
|
$3,464,805
|
Small-Cap 6.0%
|
||||||||
Schwab U.S. Small-Cap ETF
|
30,732,090
|
9,543,639
|
(4,171,445
)
|
(395,480
)
|
5,410,026
|
41,118,830
|
870,424
|
456,941
|
|
|
|
|
|
|
386,257,784
|
|
|
|
||||||||
International Stocks 28.9%
|
||||||||
Developed Markets 22.9%
|
||||||||
Schwab International Equity ETF
|
116,854,189
|
34,682,609
|
(2,805,438
)
|
(342,291
)
|
9,257,343
|
157,646,412
|
4,265,325
|
4,324,518
|
Emerging Markets 6.0%
|
||||||||
Schwab Emerging Markets Equity ETF
|
30,483,755
|
12,042,645
|
(1,923,580
)
|
(472,190
)
|
1,031,380
|
41,162,010
|
1,660,428
|
1,437,732
|
|
|
|
|
|
|
198,808,422
|
|
|
|
||||||||
Real Estate 6.4%
|
||||||||
U.S. REITs 6.4%
|
||||||||
Schwab U.S. REIT ETF
|
33,008,313
|
10,284,286
|
(2,457,336
)
|
(508,633
)
|
3,466,239
|
43,792,869
|
2,114,576
|
1,102,267
|
|
||||||||
Fixed Income 7.8%
|
||||||||
Intermediate-Term Bond 7.8%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
40,010,336
|
16,018,233
|
(2,138,461
)
|
(562,012
)
|
514,041
|
53,842,137
|
1,154,915
|
1,293,856
|
|
||||||||
Money Market Funds 0.2%
|
||||||||
Schwab Variable Share Price Money
Fund, Ultra Shares, 5.43% (b)
|
64,561
|
981,074
|
—
|
—
|
317
|
1,045,952
|
1,045,429
|
31,532
|
Total Affiliated Underlying Funds
(Cost $578,529,702)
|
$507,664,433
|
$136,721,367
|
($24,048,367
)
|
($2,815,663
)
|
$66,225,394
|
$683,747,164
|
|
$12,111,651
|
Total Investments in Securities
(Cost $578,529,702)
|
|
|
|
|
|
$683,747,164
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.5% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 57.2%
|
||||||||
Large-Cap 50.9%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$170,893,725
|
$36,904,805
|
($7,149,793
)
|
($372,006
)
|
$31,106,300
|
$231,383,031
|
4,102,536
|
$2,331,015
|
Small-Cap 6.3%
|
||||||||
Schwab U.S. Small-Cap ETF
|
21,289,832
|
6,552,969
|
(2,651,932
)
|
(257,813
)
|
3,729,814
|
28,662,870
|
606,750
|
318,846
|
|
|
|
|
|
|
260,045,901
|
|
|
|
||||||||
International Stocks 30.0%
|
||||||||
Developed Markets 23.6%
|
||||||||
Schwab International Equity ETF
|
78,963,183
|
23,820,042
|
(1,628,993
)
|
(187,458
)
|
6,158,127
|
107,124,901
|
2,898,401
|
2,947,018
|
Emerging Markets 6.4%
|
||||||||
Schwab Emerging Markets Equity ETF
|
21,563,624
|
8,951,780
|
(1,594,683
)
|
(382,273
)
|
789,386
|
29,327,834
|
1,183,051
|
1,021,378
|
|
|
|
|
|
|
136,452,735
|
|
|
|
||||||||
Real Estate 6.6%
|
||||||||
U.S. REITs 6.6%
|
||||||||
Schwab U.S. REIT ETF
|
22,231,521
|
6,946,995
|
(1,506,689
)
|
(311,164
)
|
2,317,513
|
29,678,176
|
1,433,036
|
749,171
|
|
||||||||
Fixed Income 5.7%
|
||||||||
Intermediate-Term Bond 5.7%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
19,030,496
|
7,624,624
|
(879,116
)
|
(227,956
)
|
208,989
|
25,757,037
|
552,489
|
619,195
|
|
||||||||
Money Market Funds 0.0%
|
||||||||
Schwab Variable Share Price Money Fund,
Ultra Shares, 5.43% (b)
|
68,422
|
2,898
|
—
|
—
|
28
|
71,348
|
71,312
|
2,772
|
Total Affiliated Underlying Funds
(Cost $384,503,789)
|
$334,040,803
|
$90,804,113
|
($15,411,206
)
|
($1,738,670
)
|
$44,310,157
|
$452,005,197
|
|
$7,989,395
|
Total Investments in Securities
(Cost $384,503,789)
|
|
|
|
|
|
$452,005,197
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
(b)
|
The rate shown is the annualized 7-day yield.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.7% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 58.2%
|
||||||||
Large-Cap 51.6%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$206,281,943
|
$39,656,648
|
($11,999,309
)
|
($516,234
)
|
$37,181,163
|
$270,604,211
|
4,797,947
|
$2,750,736
|
Small-Cap 6.6%
|
||||||||
Schwab U.S. Small-Cap ETF
|
26,553,011
|
8,096,511
|
(4,289,623
)
|
(453,990
)
|
4,730,837
|
34,636,746
|
733,208
|
390,592
|
|
|
|
|
|
|
305,240,957
|
|
|
|
||||||||
International Stocks 31.1%
|
||||||||
Developed Markets 24.2%
|
||||||||
Schwab International Equity ETF
|
96,502,384
|
27,794,052
|
(4,572,814
)
|
(489,862
)
|
7,693,015
|
126,926,775
|
3,434,166
|
3,531,428
|
Emerging Markets 6.9%
|
||||||||
Schwab Emerging Markets Equity ETF
|
27,309,223
|
10,317,825
|
(2,151,175
)
|
(499,725
)
|
976,244
|
35,952,392
|
1,450,278
|
1,267,325
|
|
|
|
|
|
|
162,879,167
|
|
|
|
||||||||
Real Estate 6.7%
|
||||||||
U.S. REITs 6.7%
|
||||||||
Schwab U.S. REIT ETF
|
27,090,648
|
7,946,028
|
(2,389,800
)
|
(500,804
)
|
2,893,425
|
35,039,497
|
1,691,912
|
894,177
|
|
||||||||
Fixed Income 3.7%
|
||||||||
Intermediate-Term Bond 3.7%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
14,784,672
|
5,361,560
|
(719,938
)
|
(179,803
)
|
148,548
|
19,395,039
|
416,024
|
473,045
|
Total Affiliated Underlying Funds
(Cost $442,251,998)
|
$398,521,881
|
$99,172,624
|
($26,122,659
)
|
($2,640,418
)
|
$53,623,232
|
$522,554,660
|
|
$9,307,303
|
Total Investments in Securities
(Cost $442,251,998)
|
|
|
|
|
|
$522,554,660
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|
SECURITY
|
VALUE AT
3/31/23
|
PURCHASES
|
SALES
|
REALIZED
GAINS (LOSSES)
|
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
12/31/23
|
BALANCE
OF SHARES
HELD AT
12/31/23
|
DISTRIBUTIONS
RECEIVED(a)
|
AFFILIATED UNDERLYING FUNDS 99.4% OF NET ASSETS
|
||||||||
|
||||||||
U.S. Stocks 58.6%
|
||||||||
Large-Cap 51.8%
|
||||||||
Schwab U.S. Large-Cap ETF
|
$25,053,193
|
$14,397,720
|
($1,731,450
)
|
($126,973
)
|
$5,327,007
|
$42,919,497
|
760,984
|
$395,783
|
Small-Cap 6.8%
|
||||||||
Schwab U.S. Small-Cap ETF
|
3,287,606
|
2,296,468
|
(639,550
)
|
(86,631
)
|
742,173
|
5,600,066
|
118,545
|
57,636
|
|
|
|
|
|
|
48,519,563
|
|
|
|
||||||||
International Stocks 31.6%
|
||||||||
Developed Markets 24.5%
|
||||||||
Schwab International Equity ETF
|
11,808,719
|
7,927,904
|
(548,529
)
|
(72,568
)
|
1,168,344
|
20,283,870
|
548,806
|
521,541
|
Emerging Markets 7.1%
|
||||||||
Schwab Emerging Markets Equity ETF
|
3,415,072
|
2,732,132
|
(351,093
)
|
(94,870
)
|
170,419
|
5,871,660
|
236,856
|
198,786
|
|
|
|
|
|
|
26,155,530
|
|
|
|
||||||||
Real Estate 6.7%
|
||||||||
U.S. REITs 6.7%
|
||||||||
Schwab U.S. REIT ETF
|
3,309,169
|
2,274,897
|
(394,891
)
|
(88,759
)
|
489,172
|
5,589,588
|
269,898
|
129,907
|
|
||||||||
Fixed Income 2.5%
|
||||||||
Intermediate-Term Bond 2.5%
|
||||||||
Schwab U.S. Aggregate Bond ETF
|
1,189,731
|
912,806
|
(46,345
)
|
(9,777
)
|
18,245
|
2,064,660
|
44,287
|
44,458
|
Total Affiliated Underlying Funds
(Cost $75,897,185)
|
$48,063,490
|
$30,541,927
|
($3,711,858
)
|
($479,578
)
|
$7,915,360
|
$82,329,341
|
|
$1,348,111
|
Total Investments in Securities
(Cost $75,897,185)
|
|
|
|
|
|
$82,329,341
|
|
|
(a)
|
Distributions received include distributions from net investment income and capital
gains, if any, from the underlying funds.
|
ETF —
|
Exchange-traded fund
|
REIT —
|
Real Estate Investment Trust
|