# EDGAR Filing Document

**Accession Number:** 0000832545
**File Stem:** 0001410368-26-017053
**Filing Date:** 2026-2
**Character Count:** 68942
**Document Hash:** 7c3387841dfe155eddcbfed7d2f2d4d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-017053.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001410368-26-017053

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAUDUS TRUST
- **CENTRAL INDEX KEY:** 0000832545

**ORGANIZATION NAME:**
- **EIN:** 680163788
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331
- **LEGAL ENTITY IDENTIFIER:** 549300DRTNY2L5NL9V79

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05547
- **FILM NUMBER:** 26669039

**BUSINESS ADDRESS:**
- **STREET 1:** 9800 SCHWAB WAY
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80124
- **BUSINESS PHONE:** 1-800-648-5300

**MAIL ADDRESS:**
- **STREET 1:** 9800 SCHWAB WAY
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARR ROSENBERG SERIES TRUST
- **DATE OF NAME CHANGE:** 19961003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROSENBERG SERIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROSENBERG SMALL CAPITALIZATION FUND
- **DATE OF NAME CHANGE:** 19881030

## Series and Classes Contracts Data

### Schwab Select Large Cap Growth Fund (Series ID: S000025589)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000076665 | Schwab Select Large Cap Growth Fund | LGILX           |

## Nport-Ex

Laudus Trust

Schwab Select Large Cap Growth Fund

------

**Portfolio Holdings** as of December 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 96.1% OF NET ASSETS | **COMMON STOCKS** 96.1% OF NET ASSETS | **COMMON STOCKS** 96.1% OF NET ASSETS |
| **Automobiles & Components 4.3%** | **Automobiles & Components 4.3%** | **Automobiles & Components 4.3%** |
| Tesla, Inc. \* | 211406 | **95073506** |
| **Capital Goods 5.0%** | **Capital Goods 5.0%** | **Capital Goods 5.0%** |
| 3M Co.  | 64929 | 10395133 |
| Acuity, Inc.  | 24041 | 8655722 |
| Advanced Drainage Systems, Inc.  | 44353 | 6423645 |
| Deere & Co.  | 6232 | 2901432 |
| Donaldson Co., Inc.  | 44625 | 3956452 |
| GE Vernova, Inc.  | 19865 | 12983168 |
| General Electric Co.  | 37705 | 11614271 |
| HEICO Corp.  | 10322 | 3340096 |
| Howmet Aerospace, Inc.  | 45830 | 9396067 |
| Johnson Controls International PLC  | 46653 | 5586697 |
| Nordson Corp.  | 11926 | 2867368 |
| Quanta Services, Inc.  | 10802 | 4559092 |
| Rocket Lab Corp. \* | 23936 | 1669775 |
| RTX Corp.  | 31669 | 5808095 |
| Trane Technologies PLC  | 6285 | 2446122 |
| TransDigm Group, Inc.  | 894 | 1188886 |
| Vertiv Holdings Co., Class A  | 67439 | 10925792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies <br> Corp. <br>| 34538 | 7372136 |
|  |  | **112089949** |
| **Commercial & Professional Services 0.2%** | **Commercial & Professional Services 0.2%** | **Commercial & Professional Services 0.2%** |
| Cintas Corp.  | 14708 | 2766134 |
| Copart, Inc. \* | 62008 | 2427613 |
|  |  | **5193747** |
| **Consumer Discretionary Distribution & Retail 7.3%** | **Consumer Discretionary Distribution & Retail 7.3%** | **Consumer Discretionary Distribution & Retail 7.3%** |
| Alibaba Group Holding Ltd., ADR  | 54795 | 8031851 |
| Amazon.com, Inc. \* | 593662 | 137029063 |
| AutoZone, Inc. \* | 681 | 2309612 |
| Carvana Co. \* | 16946 | 7151551 |
| MercadoLibre, Inc. \* | 2205 | 4441443 |
| Sea Ltd., ADR \* | 36974 | 4716773 |
|  |  | **163680293** |
| **Consumer Durables & Apparel 0.2%** | **Consumer Durables & Apparel 0.2%** | **Consumer Durables & Apparel 0.2%** |
| DR Horton, Inc.  | 23345 | **3362380** |
| **Consumer Services 1.5%** | **Consumer Services 1.5%** | **Consumer Services 1.5%** |
| Booking Holdings, Inc.  | 2689 | 14400482 |
| Chipotle Mexican Grill, Inc. \* | 137006 | 5069222 |
| DoorDash, Inc., Class A \* | 15630 | 3539883 |
| McDonald's Corp.  | 14167 | 4329860 |
| Wingstop, Inc.  | 22110 | 5273014 |
|  |  | **32612461** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** |
| Costco Wholesale Corp.  | 30336 | 26159946 |
| Walmart, Inc.  | 120538 | 13429139 |
|  |  | **39589085** |
| **Energy 0.2%** | **Energy 0.2%** | **Energy 0.2%** |
| Cheniere Energy, Inc.  | 3311 | 643625 |
| EOG Resources, Inc.  | 41930 | 4403070 |
|  |  | **5046695** |
| **Financial Services 6.3%** | **Financial Services 6.3%** | **Financial Services 6.3%** |
| Berkshire Hathaway, Inc., Class B \* | 6363 | 3198362 |
| Goldman Sachs Group, Inc.  | 19697 | 17313663 |
| Interactive Brokers Group, Inc., Class A  | 179045 | 11514384 |
| Intercontinental Exchange, Inc.  | 3967 | 642495 |
| Mastercard, Inc., Class A  | 131171 | 74882901 |
| MSCI, Inc.  | 9015 | 5172176 |
| Robinhood Markets, Inc., Class A \* | 85892 | 9714385 |
| SoFi Technologies, Inc. \* | 274429 | 7184551 |
| Tradeweb Markets, Inc., Class A  | 46869 | 5040292 |
| Visa, Inc., Class A  | 15039 | 5274328 |
|  |  | **139937537** |
| **Food, Beverage & Tobacco 0.7%** | **Food, Beverage & Tobacco 0.7%** | **Food, Beverage & Tobacco 0.7%** |
| Coca-Cola Co.  | 75731 | 5294354 |
| Philip Morris International, Inc.  | 57570 | 9234228 |
|  |  | **14528582** |
| **Health Care Equipment & Services 2.6%** | **Health Care Equipment & Services 2.6%** | **Health Care Equipment & Services 2.6%** |
| Abbott Laboratories  | 44916 | 5627526 |
| Hims & Hers Health, Inc. \* | 76923 | 2497690 |
| IDEXX Laboratories, Inc. \* | 12734 | 8614933 |
| Insulet Corp. \* | 34569 | 9825893 |
| Intuitive Surgical, Inc. \* | 47621 | 26970629 |
| McKesson Corp.  | 6231 | 5111227 |
|  |  | **58647898** |
| **Insurance 0.1%** | **Insurance 0.1%** | **Insurance 0.1%** |
| Arthur J Gallagher & Co.  | 8783 | **2272953** |
| **Materials 0.5%** | **Materials 0.5%** | **Materials 0.5%** |
| Ecolab, Inc.  | 41266 | **10833150** |
| **Media & Entertainment 14.4%** | **Media & Entertainment 14.4%** | **Media & Entertainment 14.4%** |
| Alphabet, Inc., Class A  | 609555 | 190790715 |
| Meta Platforms, Inc., Class A  | 129210 | 85290229 |
| Netflix, Inc. \* | 437405 | 41011093 |
| ROBLOX Corp., Class A \* | 57248 | 4638805 |
| Spotify Technology SA \* | 589 | 342038 |
|  |  | **322072880** |

---

**1**

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Schwab Select Large Cap Growth Fund

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Pharmaceuticals, Biotechnology & Life Sciences 5.5%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.5%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.5%** |
| AbbVie, Inc.  | 31751 | 7254786 |
| Alnylam Pharmaceuticals, Inc. \* | 46792 | 18606839 |
| Ascendis Pharma AS, ADR \* | 32089 | 6842658 |
| Eli Lilly & Co.  | 34467 | 37040995 |
| Gilead Sciences, Inc.  | 52620 | 6458579 |
| Insmed, Inc. \* | 75875 | 13205285 |
| Johnson & Johnson  | 42588 | 8813587 |
| Natera, Inc. \* | 41712 | 9555802 |
| Regeneron Pharmaceuticals, Inc.  | 11116 | 8580107 |
| Vertex Pharmaceuticals, Inc. \* | 13433 | 6089985 |
|  |  | **122448623** |
| **Semiconductors & Semiconductor Equipment 19.6%** | **Semiconductors & Semiconductor Equipment 19.6%** | **Semiconductors & Semiconductor Equipment 19.6%** |
| Advanced Micro Devices, Inc. \* | 36321 | 7778505 |
| Analog Devices, Inc.  | 49172 | 13335447 |
| Applied Materials, Inc.  | 66840 | 17177212 |
| ASML Holding NV  | 12645 | 13625242 |
| Broadcom, Inc.  | 263100 | 91058910 |
| Lam Research Corp.  | 4229 | 723920 |
| NVIDIA Corp.  | 1537628 | 286767622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing <br> Co. Ltd., ADR <br>| 28151 | 8554807 |
|  |  | **439021665** |
| **Software & Services 16.6%** | **Software & Services 16.6%** | **Software & Services 16.6%** |
| AppLovin Corp., Class A \* | 17100 | 11522322 |
| Cloudflare, Inc., Class A \* | 101173 | 19946257 |
| Crowdstrike Holdings, Inc., Class A \* | 10669 | 5001200 |
| Datadog, Inc., Class A \* | 74811 | 10173548 |
| Docusign, Inc. \* | 58667 | 4012823 |
| Dynatrace, Inc. \* | 187716 | 8135612 |
| Fair Isaac Corp. \* | 9032 | 15269680 |
| International Business Machines Corp.  | 41911 | 12414457 |
| Intuit, Inc.  | 9925 | 6574519 |
| Microsoft Corp.  | 322206 | 155825266 |
| Okta, Inc. \* | 59760 | 5167447 |
| Oracle Corp.  | 154224 | 30059800 |
| Palantir Technologies, Inc., Class A \* | 142516 | 25332219 |
| Palo Alto Networks, Inc. \* | 12079 | 2224952 |
| Salesforce, Inc.  | 17984 | 4764141 |
| ServiceNow, Inc. \* | 27880 | 4270937 |
| Shopify, Inc., Class A \* | 70848 | 11404403 |
| Snowflake, Inc. \* | 62412 | 13690696 |
| Synopsys, Inc. \* | 20735 | 9739644 |
| Twilio, Inc., Class A \* | 14691 | 2089648 |
| Zscaler, Inc. \* | 60071 | 13511169 |
|  |  | **371130740** |
| **Technology Hardware & Equipment 8.9%** | **Technology Hardware & Equipment 8.9%** | **Technology Hardware & Equipment 8.9%** |
| Amphenol Corp., Class A  | 159155 | 21508207 |
| Apple, Inc.  | 589826 | 160350096 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Arista Networks, Inc. \* | 6200 | 812386 |
| Celestica, Inc. \* | 12255 | 3622700 |
| Ciena Corp. \* | 20811 | 4867068 |
| Keyence Corp.  | 5750 | 2079917 |
| Lumentum Holdings, Inc. \* | 4201 | 1548447 |
| Western Digital Corp.  | 26954 | 4643366 |
|  |  | **199432187** |
| **Transportation 0.1%** | **Transportation 0.1%** | **Transportation 0.1%** |
| Uber Technologies, Inc. \* | 31100 | **2541181** |
| **Utilities 0.3%** | **Utilities 0.3%** | **Utilities 0.3%** |
| Constellation Energy Corp.  | 12408 | 4383374 |
| Vistra Corp.  | 14756 | 2380586 |
|  |  | **6763960** |
| **Total Common Stocks**<br> **(Cost $992,981,009)** | **Total Common Stocks**<br> **(Cost $992,981,009)** | **2146279472** |
| **INVESTMENT COMPANIES** 0.5% OF NET ASSETS | **INVESTMENT COMPANIES** 0.5% OF NET ASSETS | **INVESTMENT COMPANIES** 0.5% OF NET ASSETS |
| **Equity Funds 0.5%** | **Equity Funds 0.5%** | **Equity Funds 0.5%** |
| Invesco QQQ Trust  | 17656 | **10846258** |
| **Total Investment Companies**<br> **(Cost $8,439,182)** | **Total Investment Companies**<br> **(Cost $8,439,182)** | **10846258** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 3.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 3.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 3.3% OF NET ASSETS |
| **Money Market Funds 3.3%** | **Money Market Funds 3.3%** | **Money Market Funds 3.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.74% *(a)*<br>| 74762715 | **74762715** |
| **Total Short-Term Investments**<br> **(Cost $74,762,715)** | **Total Short-Term Investments**<br> **(Cost $74,762,715)** | **74762715** |
| **Total Investments in Securities**<br> **(Cost $1,076,182,906)** | **Total Investments in Securities**<br> **(Cost $1,076,182,906)** | **2231888445** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NASDAQ 100 Index, e-mini, <br> expires 03/20/26<br>| 125 | 63641875 | **40476** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| SETTLEMENT<br> DATE<br>| COUNTERPARTY | &nbsp;&nbsp; CURRENCY<br> TO BE<br> RECEIVED <br>| &nbsp;&nbsp; AMOUNT OF<br> CURRENCY<br> TO BE<br> RECEIVED<br>| &nbsp;&nbsp; CURRENCY<br> TO BE<br> DELIVERED<br>| &nbsp;&nbsp; AMOUNT OF<br> CURRENCY<br> TO BE<br> DELIVERED<br>| &nbsp;&nbsp; UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** |
| 03/27/26 | Morgan Stanley & Co. | &nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp; 716070 | &nbsp;&nbsp;&nbsp; JPY | &nbsp;&nbsp;&nbsp; 110023375 | &nbsp;&nbsp;&nbsp; **8770** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**2**

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Schwab Select Large Cap Growth Fund

**Portfolio Holdings** (Unaudited) continued

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\* Non-income producing security. <br> *(a)* The rate shown is the annualized 7-day yield.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ADR — American Depositary Receipt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

JPY — Japanese Yen <br> USD — U.S. Dollar

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

The following is a summary of the inputs used to value the fund's investments as of December 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $1507825620 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1507825620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | 425396423 | &nbsp;&nbsp;&nbsp; 13625242 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 439021665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware & Equipment | 197352270 | &nbsp;&nbsp;&nbsp; 2079917 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 199432187 |
| Investment Companies<sup>1</sup> <br>| 10846258 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10846258 |
| Short-Term Investments<sup>1</sup> <br>| 74762715 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 74762715 |
| Futures Contracts<sup>2</sup> <br>| 40476 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40476 |
| Forward Foreign Currency Exchange Contracts<sup>2</sup> <br>|  | &nbsp;&nbsp;&nbsp; 8770 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8770 |
| **Total** | **$2216223762** | &nbsp;&nbsp; **$15713929** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$2231937691** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts and forward foreign currency exchange contracts are reported at cumulative unrealized appreciation or depreciation.

**3**

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Schwab Select Large Cap Growth Fund

**Notes to Portfolio Holdings (Unaudited)** 

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Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (1940 Act), the Board of Trustees has designated authority to a Valuation Designee, the fund's investment adviser, to make fair valuation determinations under adopted procedures, subject to Board of Trustees oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in the fund's portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities traded on an exchange or over-the-counter:** Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at the mean of the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Foreign equity security fair valuation:** The Valuation Designee has adopted procedures to fair value foreign equity securities that are traded in markets that close prior to the valuation of the fund's holdings. By fair valuing securities whose prices may have been affected by events occurring after the close of trading, the Valuation Designee seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter "arbitrage" market timers, who seek to exploit delays between the change in the value of the fund's portfolio holdings and the net asset value of the fund's shares and seeks to help ensure that the prices at which the fund's shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of the fund and that of its comparative index or benchmark.

&nbsp;&nbsp;&nbsp;&nbsp;● **Futures contracts:** Futures contracts are valued at their settlement prices as of the close of their exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Forward foreign currency exchange contracts:** Forward foreign currency exchange contracts are valued based on that day's forward exchange rates or by using an interpolated forward exchange rate for contracts with interim settlement dates.

&nbsp;&nbsp;&nbsp;&nbsp;● **Mutual funds:** Mutual funds are valued at their respective net asset values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value the fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that the fund could obtain the fair value assigned to the security upon the sale of such security.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 1 — quoted prices in active markets for identical investments — Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds and futures contracts. Mutual funds and exchange-traded funds are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2, or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less

**4**

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Schwab Select Large Cap Growth Fund

**Notes to Portfolio Holdings (Unaudited) (continued)**

------

liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the valuation of the fund's holdings may require fair valuations due to significant movement in the U.S. markets occurring after the daily close of foreign markets. The Valuation Designee has approved a vendor that calculates fair valuations of international equity securities based on a number of factors that appear to correlate to the movements in the U.S. markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund's results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The levels associated with valuing the fund's investments as of December 31, 2025, are disclosed in the fund's Portfolio Holdings.

REG60662DEC25

**5**

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LAUDUS TRUST

- **b. Investment Company Act file number:** 811-05547

- **c. CIK number of Registrant:** 0000832545

- **d. LEI of Registrant:** 549300DRTNY2L5NL9V79

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 9800 Schwab Way

  - **City:** Lone Tree

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80124

  - **Telephone number:** 800-648-5300

**Item A.2. Information about the Series.**

- **a. Name of Series:** Schwab Select Large Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000025589

- **c. LEI of Series:** 54930017OMFIVKDL2J78

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2236516322.88

**Total Liabilities:** $1541416.00

**Net Assets:** $2234974906.88

**Cash Not Reported:** $4046117.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000076665 | 4.02%                | -2.03%               | -1.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28925255.11             | $62470025.71                               |
| Month 2  | $26986733.62             | $-76930481.78                              |
| Month 3  | $18388172.78             | $-48942799.83                              |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                                        | Abbott Laboratories                                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     44916 | NS      | $5627525.64   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                                 | AbbVie Inc                                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     31751 | NS      | $7254785.99   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                                                 | Acuity Inc                                                 | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24041 | NS      | $8655721.64   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                                 | Advanced Micro Devices Inc                                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     36321 | NS      | $7778505.36   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                              | Advanced Drainage Systems Inc                              | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     44353 | NS      | $6423644.99   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                                  | Alibaba Group Holding Ltd                                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     54795 | NS      | $8031851.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                                | Alnylam Pharmaceuticals Inc                                | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     46792 | NS      | $18606838.80  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | Alphabet Inc                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    609555 | NS      | $190790715.00 | 8.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                             | Amazon.com Inc                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    593662 | NS      | $137029062.84 | 6.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                              | Amphenol Corp                                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    159155 | NS      | $21508206.70  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                         | Analog Devices Inc                                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     49172 | NS      | $13335446.40  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                  | Apple Inc                                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    589826 | NS      | $160350096.36 | 7.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                      | Applied Materials Inc                                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     66840 | NS      | $17177211.60  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                              | AppLovin Corp                                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     17100 | NS      | $11522322.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                        | Arista Networks Inc                                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      6200 | NS      | $812386.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                        | Ascendis Pharma A/S                                        | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     32089 | NS      | $6842658.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                               | AutoZone Inc                                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       681 | NS      | $2309611.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                     | Berkshire Hathaway Inc                                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      6363 | NS      | $3198361.95   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                       | Booking Holdings Inc                                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2689 | NS      | $14400482.37  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                               | Broadcom Inc                                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    263100 | NS      | $91058910.00  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                 | Carvana Co                                                 | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     16946 | NS      | $7151550.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                                              | Celestica Inc                                              | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     12255 | NS      | $3622700.55   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                        | Cheniere Energy Inc                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3311 | NS      | $643625.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                                 | Chipotle Mexican Grill Inc                                 | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    137006 | NS      | $5069222.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                                 | Ciena Corp                                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     20697 | NS      | $4840407.39   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                                | Cintas Corp                                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14708 | NS      | $2766133.56   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                             | Cloudflare Inc                                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    101173 | NS      | $19946256.95  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                           | Coca-Cola Co/The                                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     75731 | NS      | $5294354.21   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                                  | Constellation Energy Corp                                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     12408 | NS      | $4383374.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                                 | Copart Inc                                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     62008 | NS      | $2427613.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                      | Costco Wholesale Corp                                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     30336 | NS      | $26159946.24  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                   | Crowdstrike Holdings Inc                                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     10669 | NS      | $5001200.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                              | DR Horton Inc                                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     23345 | NS      | $3362380.35   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                                | Datadog Inc                                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     74811 | NS      | $10173547.89  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                                 | Deere & Co                                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      6232 | NS      | $2901432.24   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                               | Docusign Inc                                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     58667 | NS      | $4012822.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                           | Donaldson Co Inc                                           | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     44625 | NS      | $3956452.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                               | DoorDash Inc                                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     15630 | NS      | $3539882.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                        | PURCHASED USD / SOLD JPY                                   | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $8770.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dynatrace Inc                                              | Dynatrace Inc                                              | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    187716 | NS      | $8135611.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG Resources Inc                                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     41930 | NS      | $4403069.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                                 | Ecolab Inc                                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     41266 | NS      | $10833150.32  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                         | Meta Platforms Inc                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    129210 | NS      | $85290228.90  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                            | Fair Isaac Corp                                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      9032 | NS      | $15269679.84  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                                    | Arthur J Gallagher & Co                                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      8783 | NS      | $2272952.57   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                             | GE Vernova Inc                                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     19865 | NS      | $12983168.05  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                        | General Electric Co                                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     37705 | NS      | $11614271.15  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                        | Gilead Sciences Inc                                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     52620 | NS      | $6458578.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                | Goldman Sachs Group Inc/The                                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     19697 | NS      | $17313663.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                                 | HEICO Corp                                                 | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     10322 | NS      | $3340095.98   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                                     | Hims & Hers Health Inc                                     | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     76923 | NS      | $2497689.81   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                       | Howmet Aerospace Inc                                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     45830 | NS      | $9396066.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                                     | IDEXX Laboratories Inc                                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     12734 | NS      | $8614933.02   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                                 | Insmed Inc                                                 | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     75875 | NS      | $13205285.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                               | Insulet Corp                                               | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     34569 | NS      | $9825892.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                              | Interactive Brokers Group Inc                              | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    179045 | NS      | $11514383.95  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                              | Intercontinental Exchange Inc                              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      3967 | NS      | $642495.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp                       | International Business Machines Corp                       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     41911 | NS      | $12414457.31  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                                 | Invesco QQQ Trust Series 1                                 | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     17656 | NS      | $10846257.36  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                 | Intuit Inc                                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      9925 | NS      | $6574518.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                     | Intuitive Surgical Inc                                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     47621 | NS      | $26970629.56  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                          | Johnson & Johnson                                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     42588 | NS      | $8813586.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                          | Lam Research Corp                                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      4229 | NS      | $723920.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                             | Eli Lilly & Co                                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     34467 | NS      | $37040995.56  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                                      | Lumentum Holdings Inc                                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      4201 | NS      | $1548446.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                                   | MSCI Inc                                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      9015 | NS      | $5172175.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                             | Mastercard Inc                                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    131171 | NS      | $74882900.48  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                            | McDonald's Corp                                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     14167 | NS      | $4329860.21   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                              | McKesson Corp                                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      6231 | NS      | $5111226.99   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                           | MercadoLibre Inc                                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2205 | NS      | $4441443.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | Microsoft Corp                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    322206 | NS      | $155825265.72 | 6.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                                 | Natera Inc                                                 | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     41712 | NS      | $9555802.08   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                | Netflix Inc                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    437405 | NS      | $41011092.80  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                               | Keyence Corp                                               | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      5750 | NS      | $2079917.09   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordson Corp                                               | Nordson Corp                                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |     11926 | NS      | $2867368.18   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                | NVIDIA Corp                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1537628 | NS      | $286767622.00 | 12.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                                   | Okta Inc                                                   | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     59760 | NS      | $5167447.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                | Oracle Corp                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    154224 | NS      | $30059799.84  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                                  | Palantir Technologies Inc                                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    142516 | NS      | $25332219.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                     | Palo Alto Networks Inc                                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     12079 | NS      | $2224951.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | Philip Morris International Inc                            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     57570 | NS      | $9234228.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                                        | Quanta Services Inc                                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     10802 | NS      | $4559092.12   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                                   | RTX Corp                                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     31669 | NS      | $5808094.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                              | Regeneron Pharmaceuticals Inc                              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     11116 | NS      | $8580106.92   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                                      | Robinhood Markets Inc                                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     85892 | NS      | $9714385.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                                | ROBLOX Corp                                                | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     57248 | NS      | $4638805.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                                            | Rocket Lab Corp                                            | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23936 | NS      | $1669775.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  74762715 | NS      | $74762715.10  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | Salesforce Inc                                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     17984 | NS      | $4764141.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                                    | Sea Ltd                                                    | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     36974 | NS      | $4716773.18   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                             | ServiceNow Inc                                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     27880 | NS      | $4270937.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                | Shopify Inc                                                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     70848 | NS      | $11404402.56  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                              | Snowflake Inc                                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     62412 | NS      | $13690696.32  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc                                      | SoFi Technologies Inc                                      | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    274429 | NS      | $7184551.22   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                               | Synopsys Inc                                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     20735 | NS      | $9739644.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                  | Taiwan Semiconductor Manufacturing Co Ltd                  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     28151 | NS      | $8554807.39   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                  | Tesla Inc                                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    211406 | NS      | $95073506.32  | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                                      | 3M Co                                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     64929 | NS      | $10395132.90  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                       | Tradeweb Markets Inc                                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46869 | NS      | $5040292.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                        | TransDigm Group Inc                                        | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       894 | NS      | $1188885.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                                 | Twilio Inc                                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     14691 | NS      | $2089647.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                      | Uber Technologies Inc                                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     31100 | NS      | $2541181.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                                 | Vertex Pharmaceuticals Inc                                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     13433 | NS      | $6089984.88   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                         | Vertiv Holdings Co                                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     67439 | NS      | $10925792.39  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                   | Visa Inc                                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     15039 | NS      | $5274327.69   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                                | Vistra Corp                                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     14756 | NS      | $2380585.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp                   | Westinghouse Air Brake Technologies Corp                   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     34538 | NS      | $7372136.10   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                | Walmart Inc                                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    120538 | NS      | $13429138.58  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                                       | Western Digital Corp                                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     26954 | NS      | $4643365.58   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                               | Wingstop Inc                                               | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     22110 | NS      | $5273013.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                                | Zscaler Inc                                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     60071 | NS      | $13511169.32  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                            | ASML Holding NV                                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     12645 | NS      | $13625242.39  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | NASDAQ 100 E-MINI MAR26                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       125 | NC      | $40475.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                         | Johnson Controls International plc                         | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     46653 | NS      | $5586696.75   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                     | Trane Technologies PLC                                     | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      6285 | NS      | $2446122.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                      | Spotify Technology SA                                      | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       589 | NS      | $342038.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** LAUDUS TRUST

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO