# EDGAR Filing Document

**Accession Number:** 0000904333
**File Stem:** 0001193125-26-201275
**Filing Date:** 2026-5
**Character Count:** 139668
**Document Hash:** 7706b2b606a7be632f05689002067fe8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-201275.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0001193125-26-201275

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB CAPITAL TRUST
- **CENTRAL INDEX KEY:** 0000904333

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031
- **LEGAL ENTITY IDENTIFIER:** 549300PEK1H7N1HLC797

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07704
- **FILM NUMBER:** 26932067

**BUSINESS ADDRESS:**
- **STREET 1:** 425 MARKET STREET
- **STREET 2:** SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 800-650-9744

**MAIL ADDRESS:**
- **STREET 1:** 425 MARKET STREET
- **STREET 2:** SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

## Series and Classes Contracts Data

### Schwab Fundamental Global Real Estate Index Fund (Series ID: S000046499)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000145193 | Schwab Fundamental Global Real Estate Index Fund | SFREX           |

?xml version='1.0' encoding='ASCII'? N-CSR

------

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

------

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-07704

------

Schwab Capital Trust – Schwab Fundamental Global

Real Estate Index Fund

(Exact name of registrant as specified in charter)

------

425 Market Street, Suite 1700, San Francisco, California 94105

(Address of principal executive offices) (Zip code)

------

Omar Aguilar

Schwab Capital Trust – Schwab Fundamental Global Real Estate Index Fund

425 Market Street, Suite 1700, San Francisco, California 94105

(Name and address of agent for service)

------

Registrant's telephone number, including area code: (800) 648-5300

Date of fiscal year end: February 28

Date of reporting period: February 28, 2026

------

Item 1: Report(s) to Shareholders.

------

![](g48352g2imgab9180021.jpg)

Annual Report \| February 28, 2026

Schwab Fundamental Global Real Estate Index Fund

Ticker Symbol: SFREX

------

This annual shareholder report contains important information about the fund for the period of March 1, 2025, to February 28, 2026. Y

ou can find additional information about the fund at

www.schwabassetmanagement.com/prospectus

. You can also request this

information by calling

1-866-414-6349

or by sending an email request to

orders@mysummaryprospectus.com

.

If you purchase or

hold fund shares through a financial intermediary, the fund's prospectus, Statement of Additional Information (SAI), reports to

shareholders and other information about the fund are available from your financial intermediary.

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

FUND COSTS FOR THE LAST year ENDED February 28, 2026

(BASED ON A HYPOTHETICAL $10,000 INVESTMENT)

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

---

| | | |
|:---|:---|:---|
|  | COSTS OF A<br>$10,000 INVESTMENT<br>| &nbsp;&nbsp;COSTS PAID AS A<br>PERCENTAGE OF A<br>$10,000 INVESTMENT<br>|
| Schwab Fundamental Global Real Estate Index Fund | $42 | &nbsp;&nbsp;0.39% |

---

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

MANAGEMENT'S DISCUSSION OF FUND PERFORMANCE

For the 12-month reporting period ended February 28, 2026, the fund returned 17.66%. The MSCI ACWI Index (Net)<sup>1</sup>

, which serves

as the fund's regulatory index and provides a broad measure of market performance, returned 24.19%. The fund generally invests in

securities that are included in the RAFI Fundamental High Liquidity Global Real Estate Index (Net)<sup>1</sup>

which returned 17.47% during

the same period. The fund does not seek to track the regulatory index.

Top contributors to total return:

■

Japanese securities, including Mitsubishi Estate Co. Ltd.

■

Securities from Hong Kong

Top detractors from total return:

■

Chinese securities, including Class H holdings of China Vanke Co. Ltd.

■

Taiwanese securities

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

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

Portfolio holdings may have changed since the report date.

The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

Schwab Fundamental Global Real Estate Index Fund \| Annual Report

REG127159-01 00323336

------

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns

and principal value of an investment will fluctuate so that an investor's shares may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

To obtain performance information current to the most

recent month end, please visit

www.schwabassetmanagement.com/prospectus

.

Performance of Hypothetical $10,000 Investment (February 29, 2016 - February 28, 2026)

1,2,3

![](g48352g2lg_2mr4.jpg)

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

Average Annual Total Returns

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

---

| | | | |
|:---|:---|:---|:---|
| Fund and Inception Date | 1 Year | 5 Years | 10 Years |
| Fund: Schwab Fundamental Global Real Estate Index Fund (10/22/2014)<br>1,2<br>| 17.66% | &nbsp;&nbsp;&nbsp;&nbsp;3.01% | &nbsp;&nbsp;&nbsp;&nbsp;5.26% |
| MSCI ACWI Index (Net)<br>3,4<br>| 24.19% | &nbsp;&nbsp;&nbsp;&nbsp;11.72% | &nbsp;&nbsp;&nbsp;&nbsp;12.97% |
| RAFI Fundamental High Liquidity Global Real Estate Index (Net)<br>3,5<br>| 17.47% | &nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;N/A |
| Russell RAFI™ Global Select Real Estate Index (Net)<br>3<br>| 18.63% | &nbsp;&nbsp;&nbsp;&nbsp;2.63% | &nbsp;&nbsp;&nbsp;&nbsp;4.91% |
| Fundamental Global Real Estate Spliced Index | 17.47% | &nbsp;&nbsp;&nbsp;&nbsp;2.46% | &nbsp;&nbsp;&nbsp;&nbsp;4.82% |
| FTSE EPRA Nareit Global Index (Net)<br>3<br>| 17.83% | &nbsp;&nbsp;&nbsp;&nbsp;3.69% | &nbsp;&nbsp;&nbsp;&nbsp;4.66% |

---

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

All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower

performance. Indices are unmanaged and cannot be invested in directly. Performance results less than one year are not annualized.

For index definitions, please see www.schwabassetmanagement.com/glossary.

Index ownership – The RAFI Fundamental High Liquidity Global Real Estate Index (the Index) is a service mark of RAFI Indices, LLC or its affiliates (collectively, RAFI) and has

been licensed for use by Charles Schwab Investment Management, Inc. The intellectual and other property rights to the Index are owned by or licensed to RAFI. The Schwab

Fundamental Global Real Estate Index Fund is not sponsored, endorsed, sold or promoted by RAFI, its agents or service providers (collectively, the RAFI Parties). The RAFI

Parties: (i) make no representation or warranty as to the results to be obtained from the use of the Index or otherwise; and (ii) shall not be liable (whether in negligence or

otherwise) to any person for any error in the Index. For full disclaimer, please see the fund's statement of additional information.

Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.

The fund's performance relative to the index may be affected by fair-value pricing and timing differences in foreign exchange calculations.

The net version of the index reflects reinvested dividends net of withholding taxes but reflects no deductions for expenses or other taxes.

The MSCI ACWI Index (Net) serves as the fund's regulatory index and provides a broad measure of market performance. The fund generally invests in securities that are

included in the RAFI Fundamental High Liquidity Global Real Estate Index (Net). The fund does not seek to track the regulatory index.

Effective June 21, 2024, the fund changed its comparative index from the Russell RAFI™ Global Select Real Estate Index (Net) to the RAFI Fundamental High Liquidity

Global Real Estate Index (Net) in connection with a change to the fund's investment objective and investment strategy to invest its assets in accordance with the index. The

inception date of the RAFI Fundamental High Liquidity Global Real Estate Index (Net) is January 31, 2024. The fund began tracking the index on June 21, 2024.

2Schwab Fundamental Global Real Estate Index Fund \| Annual Report

------

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

Statistics

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

---

| | |
|:---|:---|
| Net Assets (millions) | $79 |
| Number of Holdings<br>(excludes derivatives)<br>| 306 |
| Portfolio Turnover Rate | 21% |
| Advisory Fees Paid by the Fund | $295986 |
| Weighted Average Market Cap (millions) | $26715 |
| Price/Earnings Ratio (P/E) | 18.7 |
| Price/Book Ratio (P/B) | 1.0 |
| Qualified Dividend Income | $752874 |
| Qualified Business Income Deduction (199A) | $960797 |

---

Industry Weightings % of

Investments

![](g48352g2imgc730e7982.jpg)

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

Top Holdings % of Net Assets

![](g48352g2imgd7089aa53.jpg)

Country Weightings % of Investments

![](g48352g2img298d3f794.jpg)

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

Portfolio holdings may have changed since the report date.

The Sector/Industry classifications in this report use the Global Industry Classification Standard (GICS) which was developed by and is the exclusive property of MSCI Inc.

(MSCI) and Standard & Poor's (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Charles Schwab & Co., Inc.

Excludes derivatives.

Represents an aggregate of industry weightings, none of which represent more than 1.0% of investments.

Includes the fund's position(s) in money market mutual funds registered under the Investment Company Act of 1940, as amended.

Schwab Fundamental Global Real Estate Index Fund \| Annual Report

------

AVAILABILITY OF ADDITIONAL INFORMATION

You can find the fund's prospectus, Statement of Additional Information (SAI), reports to shareholders, financial information,

holdings, certain tax information, proxy voting information, and other information about the fund online at

www.schwabassetmanagement.com/prospectus

.

Proxy Voting Policies, Procedures and Results

A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available

without charge, upon request, by visiting the Schwab Funds' website at

www.schwabassetmanagement.com/prospectus

, the

SEC's website at

www.sec.gov

, or by contacting Schwab Funds at 1-877-824-5615.

Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended

June 30 is available, without charge, by visiting the fund's website at

www.schwabassetmanagement.com/prospectus

or the

SEC's website at

www.sec.gov

, by calling

1-866-414-6349

, or by sending an email request to

orders@mysummaryprospectus.com

.

4Schwab Fundamental Global Real Estate Index Fund \| Annual Report

------

#### Item 2: Code of Ethics.
(a) Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party.

(c) During the period covered by the report, no amendments were made to the provisions of this code of ethics.

(d) During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics.

(e) Not applicable.

(f)(1) Registrant has filed this code of ethics as an exhibit pursuant to Item 19(a)(1) of Form N-CSR.

#### Item 3: Audit Committee Financial Expert.
Registrant's Board of Trustees has determined that Kimberly S. Patmore, Michael J. Beer and J. Derek Penn, each currently serving on its audit, compliance and valuation committee, are each an "audit committee financial expert," as such term is defined in Item 3 of Form N-CSR. Each member of Registrant's audit, compliance and valuation committee is "independent" under the standards set forth in Item 3 of Form N-CSR.

The designation of each of Ms. Patmore, Mr. Beer and Mr. Penn as an "audit committee financial expert" pursuant to Item 3 of Form N-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant's audit, compliance and valuation committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant's audit, compliance and valuation committee or Board of Trustees.

#### Item 4: Principal Accountant Fees and Services.
Registrant is composed of fifty-four operational series. One series has a fiscal year-end of the last day of February, thirteen series have a fiscal year-end of March 31, thirty-seven series have a fiscal year-end of October 31, and three series have a fiscal year-end of December 31. Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to the fifty-four operational series during 2025/2026 and the fifty-two operational series during 2024/2025, based on their respective 2025/2026 and 2024/2025 fiscal years, as applicable.

The following table presents fees billed by the principal accountant in each of the last two fiscal years for the services rendered to the Funds:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) Audit Fees<sup>1</sup> | (a) Audit Fees<sup>1</sup> | (b) Audit-Related Fees<sup>2</sup> | (b) Audit-Related Fees<sup>2</sup> | (c) Tax Fees<sup>3</sup> | (c) Tax Fees<sup>3</sup> | (d) All Other Fees | (d) All Other Fees |
| Fiscal Year<br>2025/2026 | Fiscal Year<br>2024/2025 | Fiscal Year<br>2025/2026 | Fiscal Year<br>2024/2025 | Fiscal Year<br>2025/2026 | Fiscal Year<br>2024/2025 | Fiscal Year<br>2025/2026 | Fiscal Year<br>2024/2025 |
| $1301550 | $1292600 | $98580 | $95400 | $174105 | $170820 | $0 | $0 |

---

<sup>1</sup> The nature of the services includes audit of the registrant's annual financial statements and normally provided services in connection with regulatory filings for those fiscal years.

<sup>2</sup> The nature of the services includes assurance and related services to the performance of the audit for compliance with Rule 17f-2 under the Investment Company Act of 1940.

<sup>3</sup> The tax fees consist of professional services relating to tax compliance, tax advice, tax planning, and the preparation of the Registrant's tax returns.

------

(e) (1) Registrant's audit, compliance and valuation committee does not have pre-approval policies and procedures as described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

(2) There were no services described in each of paragraphs (b) through (d) above that were approved by Registrant's audit, compliance and valuation committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

(f) Not applicable.

(g) Below are the aggregate non-audit fees billed in each of the last two fiscal years by Registrant's principal accountant for services rendered to Registrant, to Registrant's investment adviser, and to any entity controlling, controlled by, or under common control with Registrant's investment adviser that provides ongoing services to Registrant.

---

| | | |
|:---|:---|:---|
|  2025/2026: $2,003,222 | 2024/2025: $| 1787029.0 |

---

(h) During the past fiscal year, all non-audit services provided by Registrant's principal accountant to either Registrant's investment adviser or to any entity controlling, controlled by, or under common control with Registrant's investment adviser that provides ongoing services to Registrant were pre-approved. Included in the audit, compliance and valuation committee's pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant's independence.

(i) Not applicable.

(j) Not applicable.

#### Item 5: Audit Committee of Listed Registrants.
Not applicable.

#### Item 6: Schedule of Investments.
The schedule of investments is included under Item 7 of this Form.

#### Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g892400img905576aa1.jpg)

**Annual Holdings and Financial Statements** \| February 28, 2026

Schwab Fundamental Global Real Estate Index Fund

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ticker Symbol **SFREX**

------

**In This Report**

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

---

| | |
|:---|:---|
| **[Item 7 - Financial Statements and Financial Highlights for Open-End](#xx_ad143e81-6a34-498e-9780-dab71868e508_1)**<br> **[Management Investment Companies](#xx_ad143e81-6a34-498e-9780-dab71868e508_1)** <br>|  |
| [Financial Statements and Portfolio Holdings](#xx_ad143e81-6a34-498e-9780-dab71868e508_1) | 2 |
| [Financial Notes](#xx_1633ac9f-a38a-4f61-bf66-0b814dbdb01c_1) | 11 |
| [Report of Independent Registered Public Accounting Firm](#xx_58ce51b8-0c07-4cee-8eea-95ffe3736f30_1) | 19 |
| **[Item 8 – Changes in and Disagreements with Accountants for Open-End](#xx_6da8dddb-6733-4617-b53c-35a423b22a40_1)**<br> **[Management Investment Companies](#xx_6da8dddb-6733-4617-b53c-35a423b22a40_1)**<br>| 20 |
| **[Item 9 – Proxy Disclosures for Open-End Management Investment](#xx_26cea4e8-7193-4b19-ab40-81990adf464c_1)**<br> **[Companies](#xx_26cea4e8-7193-4b19-ab40-81990adf464c_1)**<br>| 21 |
| **[Item 10 - Remuneration Paid to Directors, Officers, and Others of Open-End](#xx_2ce061c2-8343-4dcd-9849-a4d41bdad224_1)**<br> **[Management Investment Companies](#xx_2ce061c2-8343-4dcd-9849-a4d41bdad224_1)**<br>| 22 |
| **[Item 11 - Statement Regarding Basis for Approval of Investment Advisory](#xx_a02564f2-87b4-4887-af24-96610a468a4e_1)**<br> **[Contract](#xx_a02564f2-87b4-4887-af24-96610a468a4e_1)**<br>| 23  |

---

Fund investment adviser: Charles Schwab Investment Management, Inc., dba Schwab Asset Management<sup>®</sup>

Distributor: Charles Schwab & Co., Inc. (Schwab)

The Sector/Industry classifications in this report use the Global Industry Classification Standard (GICS) which was developed by and is the exclusive property of MSCI Inc. (MSCI) and Standard & Poor's (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Schwab.

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**1**

------

Schwab Fundamental Global Real Estate Index Fund

Financial Statements

**FINANCIAL HIGHLIGHTS**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 3/1/25– <br>2/28/26<br>| 3/1/24– <br>2/28/25<br>| 3/1/23– <br>2/29/24<br>| 3/1/22– <br>2/28/23<br>| 3/1/21– <br>2/28/22<br>|
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** |
| Net asset value at beginning of period | &nbsp;&nbsp; $9.56 | &nbsp;&nbsp; $8.74 | &nbsp;&nbsp; $9.35 | &nbsp;&nbsp; $11.48 | &nbsp;&nbsp; $11.05 |
| Income (loss) from investment operations: |  |  |  |  |  |
| Net investment income (loss)<sup>1</sup> <br>| 0.30 | 0.29 | 0.30 | 0.30 | 0.34 |
| Net realized and unrealized gains (losses) | 1.34 | 0.87 | &nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp; (2.16)<br>| 0.44 |
| Total from investment operations | 1.64 | 1.16 | &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (1.86)<br>| 0.78 |
| Less distributions: |  |  |  |  |  |
| Distributions from net investment income | &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (0.33)<br>| &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.35)<br>|
| Net asset value at end of period | &nbsp;&nbsp; $10.86 | &nbsp;&nbsp; $9.56 | &nbsp;&nbsp; $8.74 | &nbsp;&nbsp; $9.35 | &nbsp;&nbsp; $11.48 |
| Total return | 17.66<br> %<br>| 13.56<br> %<br>| &nbsp;&nbsp; (3.09<br> %)<br>| &nbsp;&nbsp; (16.30<br> %)<br>| 7.02<br> %<br>|
| **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** | **Ratios/Supplemental Data** |
| Ratios to average net assets: |  |  |  |  |  |
| Total expenses | 0.39<br> %<br>| 0.39<br> %<br>| 0.39<br> %<br>| 0.39 %<sup>2</sup><br>| 0.39<br> %<br>|
| Net investment income (loss) | 3.03<br> %<br>| 3.18<br> %<br>| 3.46<br> %<br>| 3.01<br> %<br>| 2.86<br> %<br>|
| Portfolio turnover rate | &nbsp;&nbsp; 21<br> %<br>| &nbsp;&nbsp; 26<br> %<br>| &nbsp;&nbsp; 16<br> %<br>| &nbsp;&nbsp; 32<br> %<br>| &nbsp;&nbsp; 32<br> %<br>|
| Net assets, end of period (x 1,000,000) | &nbsp;&nbsp; $79 | &nbsp;&nbsp; $77 | &nbsp;&nbsp; $79 | &nbsp;&nbsp; $104 | &nbsp;&nbsp; $134 |

---

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

<sup>1</sup> Calculated based on the average shares outstanding during the period.

<sup>2</sup> Ratio includes less than 0.005% of non-routine proxy expenses.

*See financial notes*

**2**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Portfolio Holdings as of February 28, 2026

------

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

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.1% OF NET ASSETS | **COMMON STOCKS** 99.1% OF NET ASSETS | **COMMON STOCKS** 99.1% OF NET ASSETS |
| **Australia 2.8%** | **Australia 2.8%** | **Australia 2.8%** |
| Charter Hall Group  | 10552 | 165620 |
| Dexus  | 33225 | 158654 |
| Goodman Group  | 14340 | 294979 |
| GPT Group  | 46501 | 167403 |
| Mirvac Group  | 190101 | 277278 |
| Region Group  | 42382 | 69671 |
| Scentre Group  | 150508 | 409117 |
| Stockland  | 105387 | 383251 |
| Vicinity Ltd.  | 144009 | 251021 |
|  |  | **2176994** |
| **Belgium 0.4%** | **Belgium 0.4%** | **Belgium 0.4%** |
| Aedifica SA  | 957 | 88640 |
| Cofinimmo SA  | 1152 | 126054 |
| Warehouses De Pauw CVA  | 2734 | 83980 |
|  |  | **298674** |
| **Brazil 0.1%** | **Brazil 0.1%** | **Brazil 0.1%** |
| Cyrela Brazil Realty SA Empreendimentos e <br> Participacoes <br>| 15519 | 92966 |
| **Canada 2.1%** | **Canada 2.1%** | **Canada 2.1%** |
| Allied Properties Real Estate Investment <br> Trust <br>| 8650 | 60307 |
| Altus Group Ltd.  | 1167 | 39962 |
| Canadian Apartment Properties REIT  | 5513 | 152532 |
| Choice Properties Real Estate Investment <br> Trust <br>| 8561 | 99540 |
| Colliers International Group, Inc.  | 937 | 111138 |
| Crombie Real Estate Investment Trust  | 6788 | 81413 |
| Dream Industrial Real Estate Investment <br> Trust <br>| 7073 | 68861 |
| First Capital Real Estate Investment Trust  | 9016 | 141382 |
| FirstService Corp.  | 862 | 135830 |
| Granite Real Estate Investment Trust  | 1954 | 131747 |
| H&R Real Estate Investment Trust  | 21560 | 164855 |
| Killam Apartment Real Estate Investment <br> Trust <br>| 3699 | 45829 |
| Northwest Healthcare Properties Real Estate <br> Investment Trust <br>| 12343 | 52845 |
| RioCan Real Estate Investment Trust  | 17329 | 250651 |
| SmartCentres Real Estate Investment Trust  | 5000 | 101792 |
|  |  | **1638684** |
| **China 7.0%** | **China 7.0%** | **China 7.0%** |
| A-Living Smart City Services Co. Ltd., <br> H Shares <br>| 274750 | 76802 |
| C&D International Investment Group Ltd.  | 44719 | 86472 |
| China Merchants Shekou Industrial Zone <br> Holdings Co. Ltd., A Shares <br>| 78900 | 113873 |
| China Resources Land Ltd.  | 301000 | 1216543 |
| China Resources Mixc Lifestyle Services Ltd.  | 9600 | 58199 |
| China Vanke Co. Ltd., A Shares \* | 501900 | 353911 |
| China Vanke Co. Ltd., H Shares *\*(a)* | 826400 | 396666 |
| Country Garden Services Holdings Co. Ltd.  | 323900 | 260988 |
| Gemdale Corp., A Shares \* | 193700 | 92754 |
| Greentown China Holdings Ltd.  | 142000 | 189580 |
| Greentown Service Group Co. Ltd.  | 98000 | 54513 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Guangzhou R&F Properties Co. Ltd., <br> H Shares *\*(a)*<br>| 1506622 | 105532 |
| Hopson Development Holdings Ltd. \* | 273900 | 112733 |
| KE Holdings, Inc., ADR  | 29270 | 481491 |
| Longfor Group Holdings Ltd.  | 551500 | 698255 |
| Poly Developments & Holdings Group Co. <br> Ltd., A Shares <br>| 301300 | 298425 |
| Red Star Macalline Group Corp. Ltd., <br> H Shares \*<br>| 280800 | 50972 |
| Seazen Group Ltd. \* | 984000 | 288509 |
| Seazen Holdings Co. Ltd., A Shares \* | 33100 | 80426 |
| Shenzhen Overseas Chinese Town Co. Ltd., <br> A Shares \*<br>| 267100 | 101559 |
| Shui On Land Ltd.  | 1167000 | 98210 |
| Sunac China Holdings Ltd. \* | 1571000 | 249944 |
| Zhuhai Huafa Properties Co. Ltd., A Shares  | 123100 | 77306 |
|  |  | **5543663** |
| **France 2.3%** | **France 2.3%** | **France 2.3%** |
| Carmila SA \* | 3557 | 77620 |
| Covivio SA  | 2390 | 175182 |
| Gecina SA  | 1751 | 161657 |
| ICADE *(a)* | 4894 | 124059 |
| Klepierre SA  | 7377 | 310450 |
| Mercialys SA  | 3885 | 56257 |
| Nexity SA \* | 18528 | 208140 |
| Pierre Et Vacances SA \* | 7380 | 16106 |
| Unibail-Rodamco-Westfield \* | 5433 | 680688 |
|  |  | **1810159** |
| **Germany 1.3%** | **Germany 1.3%** | **Germany 1.3%** |
| LEG Immobilien SE  | 2289 | 191492 |
| TAG Immobilien AG  | 6467 | 126141 |
| Vonovia SE  | 20700 | 701885 |
|  |  | **1019518** |
| **Hong Kong 11.7%** | **Hong Kong 11.7%** | **Hong Kong 11.7%** |
| China Jinmao Holdings Group Ltd.  | 1025000 | 208030 |
| China Overseas Grand Oceans Group Ltd.  | 663000 | 247316 |
| China Overseas Land & Investment Ltd.  | 766500 | 1400287 |
| CK Asset Holdings Ltd.  | 164950 | 1046571 |
| Fortune Real Estate Investment Trust  | 85000 | 59020 |
| Hang Lung Group Ltd.  | 92000 | 197220 |
| Hang Lung Properties Ltd.  | 90697 | 118798 |
| Henderson Land Development Co. Ltd.  | 62866 | 284169 |
| Hongkong Land Holdings Ltd.  | 47527 | 411479 |
| Hysan Development Co. Ltd.  | 39500 | 110090 |
| Jiayuan International Group Ltd. *\*(b)* | 534000 | 0 |
| Kerry Properties Ltd.  | 66000 | 212527 |
| Link REIT  | 84400 | 417264 |
| New World Development Co. Ltd. \* | 720460 | 997568 |
| Poly Property Group Co. Ltd.  | 801000 | 215735 |
| Shanghai Industrial Holdings Ltd.  | 92000 | 180382 |
| Shenzhen Investment Ltd. \* | 730000 | 78311 |
| Shinsun Holdings Group Co. Ltd. *\*(b)* | 1290000 | 0 |
| Sino Land Co. Ltd.  | 122204 | 199194 |
| Sun Hung Kai Properties Ltd.  | 75342 | 1400656 |
| Swire Pacific Ltd., A Shares  | 44000 | 472646 |
| Swire Pacific Ltd., B Shares  | 90000 | 159100 |
| Swire Properties Ltd.  | 40000 | 137658 |
| Wharf Holdings Ltd.  | 41000 | 135734 |
| Wharf Real Estate Investment Co. Ltd.  | 95400 | 351198 |

---

*See financial notes*

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**3**

------

Schwab Fundamental Global Real Estate Index Fund

Portfolio Holdings as of February 28, 2026 (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Yuexiu Property Co. Ltd.  | 297359 | 174197 |
|  |  | **9215150** |
| **Israel 0.3%** | **Israel 0.3%** | **Israel 0.3%** |
| Alony Hetz Properties & Investments Ltd.  | 6817 | 80109 |
| Azrieli Group Ltd.  | 493 | 70845 |
| Elco Ltd.  | 926 | 44862 |
| Mivne Real Estate KD Ltd.  | 13147 | 54544 |
|  |  | **250360** |
| **Japan 12.4%** | **Japan 12.4%** | **Japan 12.4%** |
| Activia Properties, Inc.  | 73 | 69824 |
| Advance Residence Investment Corp.  | 78 | 85873 |
| AEON REIT Investment Corp.  | 83 | 72653 |
| Daito Trust Construction Co. Ltd.  | 35450 | 816334 |
| Daiwa House REIT Investment Corp.  | 150 | 127731 |
| Daiwa Office Investment Corp.  | 21 | 49080 |
| Daiwa Securities Living Investments Corp.  | 74 | 54905 |
| Frontier Real Estate Investment Corp.  | 83 | 47580 |
| GLP J-Reit  | 115 | 103096 |
| Hulic Co. Ltd.  | 26200 | 347211 |
| Industrial & Infrastructure Fund Investment <br> Corp. <br>| 71 | 69079 |
| Invincible Investment Corp.  | 132 | 56051 |
| Japan Excellent, Inc.  | 52 | 50813 |
| Japan Hotel REIT Investment Corp.  | 83 | 45083 |
| Japan Logistics Fund, Inc.  | 77 | 51146 |
| Japan Metropolitan Fund Invest  | 237 | 184838 |
| Japan Prime Realty Investment Corp.  | 116 | 79167 |
| Japan Real Estate Investment Corp.  | 209 | 174013 |
| Japan Wool Textile Co. Ltd.  | 6500 | 87151 |
| KDX Realty Investment Corp.  | 68 | 74019 |
| Leopalace21 Corp.  | 14700 | 70016 |
| Mitsubishi Estate Co. Ltd.  | 58400 | 1969439 |
| Mitsui Fudosan Accommodations Fund, Inc.  | 65 | 57415 |
| Mitsui Fudosan Co. Ltd.  | 130100 | 1753724 |
| Nippon Building Fund, Inc.  | 219 | 203736 |
| Nippon Prologis REIT, Inc.  | 183 | 107336 |
| Nomura Real Estate Holdings, Inc.  | 40500 | 301484 |
| Nomura Real Estate Master Fund, Inc.  | 157 | 167792 |
| NTT UD REIT Investment Corp.  | 55 | 51038 |
| Orix JREIT, Inc.  | 178 | 118711 |
| Relo Group, Inc.  | 5300 | 65420 |
| Sekisui House Reit, Inc.  | 131 | 78946 |
| Starts Corp., Inc.  | 3200 | 109443 |
| Sumitomo Realty & Development Co. Ltd.  | 28100 | 949959 |
| Token Corp.  | 1100 | 105789 |
| Tokyo Tatemono Co. Ltd.  | 12600 | 352535 |
| Tokyu Fudosan Holdings Corp.  | 52000 | 523015 |
| United Urban Investment Corp.  | 99 | 117563 |
|  |  | **9749008** |
| **Jersey 0.4%** | **Jersey 0.4%** | **Jersey 0.4%** |
| International Workplace Group PLC  | 105851 | 317724 |
| **Luxembourg 0.2%** | **Luxembourg 0.2%** | **Luxembourg 0.2%** |
| Aroundtown SA \* | 42439 | 153178 |
| **Mexico 0.7%** | **Mexico 0.7%** | **Mexico 0.7%** |
| Corp. Inmobiliaria Vesta SAB de CV  | 15240 | 56130 |
| FIBRA Macquarie Mexico  | 35247 | 88128 |
| Fibra Uno Administracion SA de CV  | 216466 | 376069 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Prologis Property Mexico SA de CV  | 13443 | 66021 |
|  |  | **586348** |
| **Netherlands 0.4%** | **Netherlands 0.4%** | **Netherlands 0.4%** |
| CTP NV  | 2973 | 63127 |
| Eurocommercial Properties NV  | 1960 | 65879 |
| NEPI Rockcastle NV \* | 23152 | 215239 |
|  |  | **344245** |
| **Philippines 0.7%** | **Philippines 0.7%** | **Philippines 0.7%** |
| Ayala Corp.  | 18510 | 192595 |
| Ayala Land, Inc.  | 396132 | 143547 |
| Megaworld Corp.  | 1500000 | 58788 |
| Robinsons Land Corp.  | 200600 | 64366 |
| SM Prime Holdings, Inc.  | 327400 | 121971 |
|  |  | **581267** |
| **Singapore 1.7%** | **Singapore 1.7%** | **Singapore 1.7%** |
| CapitaLand Ascendas REIT  | 96988 | 206026 |
| CapitaLand Ascott Trust  | 97680 | 74868 |
| CapitaLand Integrated Commercial Trust  | 121175 | 234436 |
| City Developments Ltd.  | 29200 | 226165 |
| Frasers Logistics & Commercial Trust  | 119800 | 93731 |
| Mapletree Industrial Trust  | 55144 | 88825 |
| Mapletree Logistics Trust  | 97431 | 99333 |
| Mapletree Pan Asia Commercial Trust  | 76727 | 86075 |
| UOL Group Ltd.  | 29880 | 266280 |
|  |  | **1375739** |
| **South Africa 0.7%** | **South Africa 0.7%** | **South Africa 0.7%** |
| Growthpoint Properties Ltd.  | 243655 | 287818 |
| Hyprop Investments Ltd.  | 17654 | 71373 |
| Redefine Properties Ltd.  | 414136 | 180657 |
|  |  | **539848** |
| **Spain 0.3%** | **Spain 0.3%** | **Spain 0.3%** |
| Colonial SFL Socimi SA  | 11634 | 78127 |
| Merlin Properties Socimi SA  | 8638 | 152534 |
|  |  | **230661** |
| **Sweden 0.7%** | **Sweden 0.7%** | **Sweden 0.7%** |
| Castellum AB  | 14027 | 186569 |
| Fabege AB  | 6584 | 61336 |
| Fastighets AB Balder, B Shares \* | 11349 | 85280 |
| Sagax AB, B Shares  | 2188 | 46310 |
| Samhallsbyggnadsbolaget i Norden AB \* | 156607 | 68339 |
| Wihlborgs Fastigheter AB  | 6151 | 65159 |
|  |  | **512993** |
| **Switzerland 0.8%** | **Switzerland 0.8%** | **Switzerland 0.8%** |
| Allreal Holding AG  | 459 | 140729 |
| Mobimo Holding AG  | 135 | 70323 |
| PSP Swiss Property AG  | 643 | 138484 |
| Swiss Prime Site AG  | 1509 | 287947 |
|  |  | **637483** |

---

*See financial notes*

**4**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Portfolio Holdings as of February 28, 2026 (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Taiwan 0.1%** | **Taiwan 0.1%** | **Taiwan 0.1%** |
| Huaku Development Co. Ltd.  | 18640 | 64501 |
| Ruentex Development Co. Ltd.  | 46273 | 43603 |
|  |  | **108104** |
| **Thailand 0.7%** | **Thailand 0.7%** | **Thailand 0.7%** |
| 3BB Internet Infrastructure Fund, Class F  | 317500 | 70987 |
| Central Pattana PCL NVDR  | 86400 | 194288 |
| Land & Houses PCL NVDR  | 841811 | 117948 |
| Sansiri PCL NVDR  | 1270283 | 63749 |
| Supalai PCL NVDR  | 166082 | 95102 |
|  |  | **542074** |
| **United Arab Emirates 1.1%** | **United Arab Emirates 1.1%** | **United Arab Emirates 1.1%** |
| Aldar Properties PJSC  | 38964 | 114571 |
| Emaar Development PJSC  | 26329 | 138704 |
| Emaar Properties PJSC  | 145709 | 643074 |
|  |  | **896349** |
| **United Kingdom 1.8%** | **United Kingdom 1.8%** | **United Kingdom 1.8%** |
| Big Yellow Group PLC  | 4498 | 62796 |
| British Land Co. PLC  | 31368 | 172452 |
| Derwent London PLC  | 3740 | 91101 |
| Grainger PLC  | 22170 | 57365 |
| Land Securities Group PLC  | 31206 | 271110 |
| LondonMetric Property PLC  | 18353 | 52969 |
| Primary Health Properties PLC  | 63704 | 92976 |
| Safestore Holdings PLC  | 7419 | 79286 |
| Savills PLC  | 12741 | 174108 |
| Segro PLC  | 22890 | 259123 |
| Tritax Big Box REIT PLC  | 34391 | 79677 |
| UNITE Group PLC  | 6932 | 46988 |
|  |  | **1439951** |
| **United States 48.4%** | **United States 48.4%** | **United States 48.4%** |
| Acadia Realty Trust  | 2919 | 61065 |
| Agree Realty Corp.  | 1322 | 106395 |
| Alexander & Baldwin, Inc.  | 2992 | 62204 |
| Alexandria Real Estate Equities, Inc.  | 8968 | 484631 |
| American Assets Trust, Inc.  | 3181 | 62093 |
| American Healthcare REIT, Inc.  | 2025 | 105786 |
| American Homes 4 Rent, Class A  | 6740 | 202200 |
| American Tower Corp.  | 9764 | 1873321 |
| Americold Realty Trust, Inc.  | 18215 | 243899 |
| Apple Hospitality REIT, Inc.  | 13056 | 160067 |
| AvalonBay Communities, Inc.  | 3412 | 604709 |
| Brandywine Realty Trust  | 31681 | 101062 |
| Brixmor Property Group, Inc.  | 10630 | 321770 |
| Broadstone Net Lease, Inc.  | 6406 | 124212 |
| BXP, Inc.  | 8852 | 509698 |
| Camden Property Trust  | 3116 | 337587 |
| CareTrust REIT, Inc.  | 1751 | 71126 |
| CBRE Group, Inc., Class A \* | 11066 | 1634006 |
| Centerspace  | 781 | 49125 |
| Claros Mortgage Trust, Inc. \* | 30510 | 72919 |
| Compass, Inc., Class A \* | 88123 | 859199 |
| COPT Defense Properties  | 4994 | 158709 |
| CoStar Group, Inc. \* | 3292 | 146922 |
| Cousins Properties, Inc.  | 7387 | 171083 |
| Crown Castle, Inc.  | 15729 | 1408375 |
| CubeSmart  | 5671 | 233305 |
| Cushman & Wakefield Ltd. \* | 22901 | 307102 |
| DiamondRock Hospitality Co.  | 9531 | 95691 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Digital Realty Trust, Inc.  | 7134 | 1264145 |
| Diversified Healthcare Trust  | 37766 | 255298 |
| Douglas Emmett, Inc.  | 12722 | 125821 |
| Easterly Government Properties, Inc.  | 2799 | 65161 |
| EastGroup Properties, Inc.  | 727 | 142717 |
| Empire State Realty Trust, Inc., Class A  | 13678 | 80427 |
| EPR Properties  | 2962 | 175972 |
| Equinix, Inc.  | 1288 | 1254847 |
| Equity LifeStyle Properties, Inc.  | 3430 | 230359 |
| Equity Residential  | 12644 | 799227 |
| Essential Properties Realty Trust, Inc.  | 2231 | 75720 |
| Essex Property Trust, Inc.  | 1618 | 412768 |
| eXp World Holdings, Inc.  | 15815 | 110231 |
| Extra Space Storage, Inc.  | 3271 | 494019 |
| Federal Realty Investment Trust  | 2797 | 304230 |
| First Industrial Realty Trust, Inc.  | 2873 | 181401 |
| Four Corners Property Trust, Inc.  | 2104 | 53694 |
| Gaming & Leisure Properties, Inc.  | 6632 | 324371 |
| Global Net Lease, Inc.  | 10739 | 101161 |
| Healthcare Realty Trust, Inc.  | 15747 | 290532 |
| Healthpeak Properties, Inc.  | 27660 | 489029 |
| Highwoods Properties, Inc.  | 6890 | 154956 |
| Host Hotels & Resorts, Inc.  | 34980 | 685258 |
| Hudson Pacific Properties, Inc. \* | 8998 | 65146 |
| Independence Realty Trust, Inc.  | 5126 | 84938 |
| Innovative Industrial Properties, Inc.  | 1043 | 55237 |
| InvenTrust Properties Corp.  | 2394 | 74693 |
| Invitation Homes, Inc.  | 14329 | 377426 |
| Iron Mountain, Inc.  | 6864 | 743577 |
| JBG SMITH Properties  | 9143 | 139065 |
| Jones Lang LaSalle, Inc. \* | 3039 | 958956 |
| Kennedy-Wilson Holdings, Inc.  | 10172 | 110671 |
| Kilroy Realty Corp.  | 6923 | 206444 |
| Kimco Realty Corp.  | 18089 | 425996 |
| Kite Realty Group Trust  | 5839 | 152106 |
| Lamar Advertising Co., Class A  | 2539 | 349722 |
| Lineage, Inc.  | 2205 | 89347 |
| LTC Properties, Inc.  | 1552 | 61583 |
| LXP Industrial Trust  | 2950 | 146202 |
| Macerich Co.  | 10216 | 209122 |
| Marcus & Millichap, Inc.  | 2012 | 53137 |
| McGrath RentCorp  | 894 | 99189 |
| Medical Properties Trust, Inc.  | 58122 | 334783 |
| Mid-America Apartment Communities, Inc.  | 3409 | 456329 |
| National Health Investors, Inc.  | 1120 | 94158 |
| National Storage Affiliates Trust  | 2143 | 75048 |
| Newmark Group, Inc., Class A  | 5851 | 84957 |
| NNN REIT, Inc.  | 4965 | 225014 |
| Omega Healthcare Investors, Inc.  | 6208 | 299660 |
| Outfront Media, Inc.  | 7923 | 228262 |
| Park Hotels & Resorts, Inc.  | 21749 | 245981 |
| Peakstone Realty Trust  | 7307 | 152424 |
| Pebblebrook Hotel Trust  | 11328 | 145338 |
| Phillips Edison & Co., Inc.  | 3292 | 129310 |
| Piedmont Realty Trust, Inc., Class A \* | 18860 | 143147 |
| Prologis, Inc.  | 15273 | 2177472 |
| Public Storage  | 2781 | 853934 |
| Realty Income Corp.  | 12498 | 837366 |
| Regency Centers Corp.  | 4478 | 353762 |
| Rexford Industrial Realty, Inc.  | 3866 | 144859 |
| RLJ Lodging Trust  | 17980 | 144200 |
| Ryman Hospitality Properties, Inc.  | 1235 | 121956 |
| Sabra Health Care REIT, Inc.  | 8747 | 179751 |
| SBA Communications Corp.  | 2315 | 465685 |
| Service Properties Trust *(c)* | 73086 | 168098 |
| Sila Realty Trust, Inc.  | 1958 | 50379 |
| Simon Property Group, Inc.  | 6659 | 1357437 |
| SL Green Realty Corp.  | 4294 | 158234 |

---

*See financial notes*

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**5**

------

Schwab Fundamental Global Real Estate Index Fund

Portfolio Holdings as of February 28, 2026 (continued)

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| STAG Industrial, Inc.  | 4722 | 185197 |
| Summit Hotel Properties, Inc.  | 8851 | 39918 |
| Sun Communities, Inc.  | 3612 | 492894 |
| Sunstone Hotel Investors, Inc.  | 13411 | 124454 |
| Tanger, Inc.  | 2813 | 104250 |
| Terreno Realty Corp.  | 1328 | 87728 |
| UDR, Inc.  | 9616 | 360600 |
| Uniti Group, Inc.  | 16179 | 118430 |
| Urban Edge Properties  | 5177 | 110011 |
| Ventas, Inc.  | 11682 | 1006521 |
| Veris Residential, Inc.  | 3613 | 68105 |
| VICI Properties, Inc.  | 17338 | 523781 |
| Vornado Realty Trust  | 7564 | 208615 |
| Welltower, Inc.  | 7179 | 1486914 |
| WP Carey, Inc.  | 6174 | 460889 |
| Xenia Hotels & Resorts, Inc.  | 6541 | 99946 |
|  |  | **38147959** |
| **Total Common Stocks** <br>**(Cost $53,605,814)** | **Total Common Stocks** <br>**(Cost $53,605,814)** | **78209099** |
| **PREFERRED STOCKS** 0.0% OF NET ASSETS | **PREFERRED STOCKS** 0.0% OF NET ASSETS | **PREFERRED STOCKS** 0.0% OF NET ASSETS |
| **Brazil 0.0%** | **Brazil 0.0%** | **Brazil 0.0%** |
| Cyrela Brazil Realty SA Empreendimentos e <br> Participacoes \*<br>| 2942 | 16729 |
| **Total Preferred Stocks** <br>**(Cost $5,050)** | **Total Preferred Stocks** <br>**(Cost $5,050)** | **16729** |
| **INVESTMENT COMPANIES** 0.3% OF NET ASSETS | **INVESTMENT COMPANIES** 0.3% OF NET ASSETS | **INVESTMENT COMPANIES** 0.3% OF NET ASSETS |
| **United States 0.3%** | **United States 0.3%** | **United States 0.3%** |
| iShares Core U.S. REIT ETF  | 2892 | 182774 |
| **Total Investment Companies** <br>**(Cost $178,697)** | **Total Investment Companies** <br>**(Cost $178,697)** | **182774** |

---

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

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.8% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.8% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.8% OF NET ASSETS |
| **Money Market Funds 0.8%** | **Money Market Funds 0.8%** | **Money Market Funds 0.8%** |
| State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 3.63% *(d)(e)*<br>| 623668 | 623668 |
| **Total Short-Term Investments** <br>**(Cost $623,668)** | **Total Short-Term Investments** <br>**(Cost $623,668)** | **623668** |
| **Total Investments in Securities** <br>**(Cost $54,413,229)** | **Total Investments in Securities** <br>**(Cost $54,413,229)** | **79032270** |

---

&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** |  |  |  |
| Dow Jones U.S. Real Estate <br> Index, expires 03/20/26<br>| 7 | 269290 | 5135 |
| MSCI EAFE Index, expires <br> 03/20/26<br>| 1 | 158255 | 4578 |
| MSCI Emerging Markets Index, <br> expires 03/20/26<br>| 1 | 80185 | 6823 |
|  |  |  | **16536** |

---

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

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $574,153. 

*(b)* Fair valued using significant unobservable inputs.

*(c)* Issuer is an affiliated company, as the investment adviser owns at least 5% of the voting securities of such company. 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

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

---

| | |
|:---|:---|
| ADR — | American Depositary Receipt |
| CVA — | Dutch Certificate |
| ETF — | Exchange-Traded Fund |
| NVDR — | Non-Voting Depositary Receipt |
| REIT — | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
|  | % OF NET ASSETS |
| **INDUSTRY WEIGHTINGS *(a)*** | **INDUSTRY WEIGHTINGS *(a)*** |
| Diversified Real Estate Activities  | 13.4<br> %<br>|
| Real Estate Development  | 12.4<br> %<br>|
| Retail REITs  | 10.4<br> %<br>|
| Real Estate Operating Companies  | 7.2<br> %<br>|
| Health Care REITs  | 7.1<br> %<br>|
| Industrial REITs  | 6.8<br> %<br>|
| Real Estate Services  | 6.5<br> %<br>|
| Diversified REITs  | 6.1<br> %<br>|
| Telecom Tower REITs  | 4.7<br> %<br>|
| Multi-Family Residential REITs  | 4.7<br> %<br>|
| Office REITs  | 4.6<br> %<br>|
| Data Center REITs  | 3.2<br> %<br>|
| Other Specialized REITs  | 3.0<br> %<br>|
| Hotel & Resort REITs  | 2.8<br> %<br>|
| Self Storage REITs  | 2.3<br> %<br>|
| Single-Family Residential REITs  | 1.7<br> %<br>|
| Industrial Conglomerates  | 1.3<br> %<br>|
| Other *(b)* | 1.2<br> %<br>|
| Short Term Investments | 0.8<br> %<br>|
| **Total** | **100.2%**<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* Excludes derivatives.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* Includes holdings within industries that are less than 1.0% of net assets.

*See financial notes*

**6**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Portfolio Holdings as of February 28, 2026 (continued)

------

Below is a summary of the fund's transactions with affiliated issuers and affiliated companies which are or were affiliates during the period ended February 28, 2026. An affiliated company is a company in which the investment adviser has or had an ownership of at least 5% of the voting securities of a security issue during the report period. A dash in the Value at February 28, 2025, and/or Value and Balance of Shares Held at February 28, 2026, columns means either the issuer was not held or not held as an affiliate on the stated date.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 2/28/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 2/28/26<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 2/28/26<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS |
| **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** | **United States 0.2%** |
| Service Properties Trust<sup>(a)</sup> <br>| $— | $64884 | ($7466)<br>| ($26599)<br>| ($16388)<br>| **$168098** | 73086 | $2736 |

---

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

<sup>(a)</sup> Issuer is an affiliated company, as the investment adviser owns at least 5% of the voting securities of such company.

------

The following is a summary of the inputs used to value the fund's investments as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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 |
| **<u>Assets</u>** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $40465957 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $40465957 |
| Australia |  | &nbsp;&nbsp; 2176994 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2176994 |
| Belgium |  | &nbsp;&nbsp; 298674 | &nbsp;&nbsp; — | &nbsp;&nbsp; 298674 |
| China | 594224 | &nbsp;&nbsp; 4949439 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5543663 |
| France |  | &nbsp;&nbsp; 1810159 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1810159 |
| Germany |  | &nbsp;&nbsp; 1019518 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1019518 |
| Hong Kong | 294834 | &nbsp;&nbsp; 8920316 | &nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp; 9215150 |
| Israel |  | &nbsp;&nbsp; 250360 | &nbsp;&nbsp; — | &nbsp;&nbsp; 250360 |
| Japan | 321701 | &nbsp;&nbsp; 9427307 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9749008 |
| Jersey |  | &nbsp;&nbsp; 317724 | &nbsp;&nbsp; — | &nbsp;&nbsp; 317724 |
| Luxembourg |  | &nbsp;&nbsp; 153178 | &nbsp;&nbsp; — | &nbsp;&nbsp; 153178 |
| Netherlands | 215239 | &nbsp;&nbsp; 129006 | &nbsp;&nbsp; — | &nbsp;&nbsp; 344245 |
| Philippines | 192595 | &nbsp;&nbsp; 388672 | &nbsp;&nbsp; — | &nbsp;&nbsp; 581267 |
| Singapore |  | &nbsp;&nbsp; 1375739 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1375739 |
| South Africa | 287818 | &nbsp;&nbsp; 252030 | &nbsp;&nbsp; — | &nbsp;&nbsp; 539848 |
| Spain |  | &nbsp;&nbsp; 230661 | &nbsp;&nbsp; — | &nbsp;&nbsp; 230661 |
| Sweden | 61336 | &nbsp;&nbsp; 451657 | &nbsp;&nbsp; — | &nbsp;&nbsp; 512993 |
| Switzerland | 70323 | &nbsp;&nbsp; 567160 | &nbsp;&nbsp; — | &nbsp;&nbsp; 637483 |
| Taiwan | 64501 | &nbsp;&nbsp; 43603 | &nbsp;&nbsp; — | &nbsp;&nbsp; 108104 |
| Thailand | 229838 | &nbsp;&nbsp; 312236 | &nbsp;&nbsp; — | &nbsp;&nbsp; 542074 |
| United Arab Emirates | 138704 | &nbsp;&nbsp; 757645 | &nbsp;&nbsp; — | &nbsp;&nbsp; 896349 |
| United Kingdom | 403735 | &nbsp;&nbsp; 1036216 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1439951 |
| Preferred Stocks<sup>1</sup> <br>| 16729 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 16729 |
| Investment Companies<sup>1</sup> <br>| 182774 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 182774 |
| Short-Term Investments<sup>1</sup> <br>| 623668 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 623668 |
| Futures Contracts<sup>2</sup> <br>| 16536 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 16536 |
| **Total** | **$44180512** | &nbsp;&nbsp; **$34868294** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$79048806** |

---

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

\* Level 3 amount shown includes securities determined to have no value.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

*See financial notes*

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**7**

------

Schwab Fundamental Global Real Estate Index Fund

Statement of Assets and Liabilities

------

As of February 28, 2026

---

| | | |
|:---|:---|:---|
| **Assets** | **Assets** | **Assets** |
| Investments in securities, at value - affiliated issuers (cost $279,780)  |  | $168098 |
| Investments in securities, at value - unaffiliated issuers (cost $54,133,449) including securities on loan of $574,153 |  | 78864172 |
| Cash |  | 255153 |
| Foreign currency, at value (cost $90,325) |  | 90838 |
| Deposit with broker for futures contracts |  | 46101 |
| Receivables: |  |  |
| Dividends |  | 91589 |
| Foreign tax reclaims |  | 50297 |
| Fund shares sold |  | 29115 |
| Income from securities on loan |  | 9645 |
| Variation margin on future contracts | + | 155 |
| **Total assets** |  | **79605163** |
| **Liabilities** | **Liabilities** | **Liabilities** |
| Collateral held for securities on loan |  | 623668 |
| Payables: |  |  |
| Investments bought |  | 39953 |
| Investment adviser fees |  | 23111 |
| Fund shares redeemed | + | 8708 |
| **Total liabilities** |  | **695440** |
| **Net assets** |  | **$78909723** |
| **Net Assets by Source** | **Net Assets by Source** | **Net Assets by Source** |
| Capital received from investors |  | $89803318 |
| Total distributable loss | + | (10893595)<br>|
| **Net assets** |  | **$78909723** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  | **Net Asset Value (NAV)**  |
| **Net Assets**  | **÷** | &nbsp;&nbsp;&nbsp;&nbsp; **Shares**<br> **Outstanding**<br>| **=** | **NAV** |
| $78909723 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7268185 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10.86 |

---

*See financial notes*

**8**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Statement of Operations

------

---

| | | |
|:---|:---|:---|
| For the period March 1, 2025 through February 28, 2026 | For the period March 1, 2025 through February 28, 2026 | For the period March 1, 2025 through February 28, 2026 |
| **Investment Income**  | **Investment Income**  | **Investment Income**  |
| Dividends received from securities - unaffiliated issuers (net of foreign withholding tax of $110,785) |  | $2507728 |
| Other Interest |  | 4502 |
| Dividends received from securities - affiliated issuers |  | 2736 |
| Securities on loan, net | + | 84715 |
| **Total investment income**  |  | **2599681** |
| **Expenses** | **Expenses** | **Expenses** |
| Investment adviser fees |  | 295986 |
| **Total expenses** | – | **295986** |
| **Net investment income** |  | **2303695** |
| **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** | **REALIZED AND UNREALIZED GAINS (LOSSES)** |
| Net realized losses on sales of securities - affiliated issuers |  | (26599)<br>|
| Net realized gains on sales of securities - unaffiliated issuers  |  | 1701815 |
| Net realized gains on futures contracts |  | 6462 |
| Net realized gains on foreign currency transactions | + | 8080 |
| **Net realized gains** |  | **1689758** |
| Net change in unrealized appreciation (depreciation) on securities - affiliated issuers  |  | (16388)<br>|
| Net change in unrealized appreciation (depreciation) on securities - unaffiliated issuers |  | 8202202 |
| Net change in unrealized appreciation (depreciation) on futures contracts |  | 20458 |
| Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 6090 |
| **Net change in unrealized appreciation (depreciation)** |  | **8212362** |
| **Net realized and unrealized gains** |  | **9902120** |
| **Increase in net assets resulting from operations** |  | **$12205815** |

---

*See financial notes*

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**9**

------

Schwab Fundamental Global Real Estate Index Fund

Statement of Changes in Net Assets

------

For the current and prior report periods

---

| | | | |
|:---|:---|:---|:---|
| **OPERATIONS** | **OPERATIONS** | **OPERATIONS** | **OPERATIONS** |
|  | 3/1/25-2/28/26 | 3/1/25-2/28/26 | 3/1/24-2/28/25 |
| Net investment income |  | $2303695 | &nbsp;&nbsp;&nbsp; $2487583 |
| Net realized gains (losses) |  | 1689758 | &nbsp;&nbsp;&nbsp; (3721763)<br>|
| Net change in unrealized appreciation (depreciation) | + | 8212362 | &nbsp;&nbsp;&nbsp; 11332523 |
| **Increase in net assets resulting from operations** |  | **$12205815** | &nbsp;&nbsp;&nbsp; **$10098343** |
| **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** | **DISTRIBUTIONS TO SHAREHOLDERS** |
| **Total distributions** |  | **($2619145)**<br>| &nbsp;&nbsp;&nbsp; **($2869714)**<br>|

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** | **TRANSACTIONS IN FUND SHARES** |
|  | 3/1/25-2/28/26 | 3/1/25-2/28/26 | 3/1/25-2/28/26 | 3/1/24-2/28/25 | 3/1/24-2/28/25 |
|  |  | SHARES | VALUE | SHARES | VALUE |
| Shares sold |  | 1217704 | &nbsp;&nbsp;&nbsp; $12115858 | &nbsp;&nbsp;&nbsp; 1651897 | &nbsp;&nbsp;&nbsp; $15225612 |
| Shares reinvested |  | 204842 | &nbsp;&nbsp;&nbsp; 2002064 | &nbsp;&nbsp;&nbsp; 242156 | &nbsp;&nbsp;&nbsp; 2206575 |
| Shares redeemed | + | (2176002)<br>| &nbsp;&nbsp;&nbsp; (21464940)<br>| &nbsp;&nbsp;&nbsp; (2934000)<br>| &nbsp;&nbsp;&nbsp; (27205369)<br>|
| **Net transactions in fund shares**  |  | **(753456)**<br>| &nbsp;&nbsp;&nbsp; **($7347018)**<br>| &nbsp;&nbsp;&nbsp; **(1039947)**<br>| &nbsp;&nbsp;&nbsp; **($9773182)**<br>|
| **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** | **SHARES OUTSTANDING AND NET ASSETS** |
|  | 3/1/25-2/28/26 | 3/1/25-2/28/26 | 3/1/25-2/28/26 | 3/1/24-2/28/25 | 3/1/24-2/28/25 |
|  |  | SHARES | NET ASSETS | SHARES | NET ASSETS |
| Beginning of period |  | 8021641 | &nbsp;&nbsp;&nbsp; $76670071 | &nbsp;&nbsp;&nbsp; 9061588 | &nbsp;&nbsp;&nbsp; $79214624 |
| Total increase (decrease) | + | (753456)<br>| &nbsp;&nbsp;&nbsp; 2239652 | &nbsp;&nbsp;&nbsp; (1039947)<br>| &nbsp;&nbsp;&nbsp; (2544553)<br>|
| **End of period** |  | **7268185** | &nbsp;&nbsp;&nbsp; **$78909723** | &nbsp;&nbsp;&nbsp; **8021641** | &nbsp;&nbsp;&nbsp; **$76670071** |

---

*See financial notes*

**10**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Business Structure of the Fund:**

The fund in this report is a series of Schwab Capital Trust (the trust), a no-load, open-end management investment company. The trust is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the 1940 Act). The list below shows all the operational funds in the trust as of the end of the period, including the fund discussed in this report, which is highlighted:

---

| | |
|:---|:---|
| **SCHWAB CAPITAL TRUST**  | **SCHWAB CAPITAL TRUST**  |
| **Schwab Fundamental Global Real Estate Index Fund** | Schwab Target 2020 Fund |
| Schwab Fundamental U.S. Large Company Index Fund | Schwab Target 2025 Fund |
| Schwab Fundamental U.S. Small Company Index Fund | Schwab Target 2030 Fund |
| Schwab Fundamental International Equity Index Fund | Schwab Target 2035 Fund |
| Schwab Fundamental International Small Equity Index Fund | Schwab Target 2040 Fund |
| Schwab Fundamental Emerging Markets Equity Index Fund | Schwab Target 2045 Fund |
| Schwab S&P 500 Index Fund | Schwab Target 2050 Fund |
| Schwab Small-Cap Index Fund | Schwab Target 2055 Fund |
| Schwab Total Stock Market Index Fund | Schwab Target 2060 Fund |
| Schwab U.S. Large-Cap Growth Index Fund | Schwab Target 2065 Fund |
| Schwab U.S. Large-Cap Value Index Fund | Schwab Target 2070 Fund |
| Schwab U.S. Mid-Cap Index Fund | Schwab Monthly Income Fund — Target Payout |
| Schwab International Index Fund | Schwab Monthly Income Fund — Flexible Payout |
| Schwab MarketTrack All Equity Portfolio™ | Schwab Monthly Income Fund — Income Payout |
| Schwab MarketTrack Growth Portfolio™ | Schwab Target 2010 Index Fund |
| Schwab MarketTrack Balanced Portfolio™ | Schwab Target 2015 Index Fund |
| Schwab MarketTrack Conservative Portfolio™ | Schwab Target 2020 Index Fund |
| Schwab International Opportunities Fund™ | Schwab Target 2025 Index Fund |
| Schwab Balanced Fund | Schwab Target 2030 Index Fund |
| Schwab Core Equity Fund | Schwab Target 2035 Index Fund |
| Schwab Dividend Equity Fund | Schwab Target 2040 Index Fund |
| Schwab Large-Cap Growth Fund | Schwab Target 2045 Index Fund |
| Schwab Small-Cap Equity Fund | Schwab Target 2050 Index Fund |
| Schwab Health Care Fund | Schwab Target 2055 Index Fund |
| Schwab International Core Equity Fund | Schwab Target 2060 Index Fund |
| Schwab Target 2010 Fund | Schwab Target 2065 Index Fund |
| Schwab Target 2015 Fund | Schwab Target 2070 Index Fund |

---

The fund offers one share class. Shares are bought and sold at closing net asset value per share, which is the price for all outstanding shares of the fund. Each share has a par value of 1/1,000 of a cent, and the fund's Board of Trustees may authorize the issuance of as many shares as necessary.

The fund maintains its own account for purposes of holding assets and accounting, and is considered a separate entity for tax purposes. Within its account, the fund may also keep certain assets in segregated accounts, as required by securities law. The "Schwab Funds Complex" includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust.

**Investment Objective** 

The **Schwab Fundamental Global Real Estate Index Fund's** goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of global real estate equities based on their fundamental size and weight.

------

**2. Significant Accounting Policies:**

The following is a summary of the significant accounting policies the fund uses in its preparation of financial statements. The fund follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).

During this reporting period, the fund adopted FASB Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The adoption of ASU 2023-09 did not result in any material changes to the fund's financial statement presentation or disclosure.

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**11**

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**2. Significant Accounting Policies (continued):** 

The fund may invest in mutual funds and exchange-traded funds, which are referred to as "underlying funds." For more information about the underlying funds' operations and policies, please refer to those funds' semiannual and annual reports and holdings and financial statements, which are filed in Form N-CSR with the U.S. Securities and Exchange Commission (SEC) and available on the SEC's website at www.sec.gov.

**(a) Security Valuation:**

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

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

&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;● **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 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.

**12**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**2. Significant Accounting Policies (continued):** 

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 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 are disclosed in the fund's Portfolio Holdings.

**(b) Accounting Policies for certain Portfolio Investments (if held):**

**Futures Contracts:** Futures contracts are instruments that represent an agreement between two parties that obligates one party to buy, and the other party to sell, specific instruments at an agreed upon price on a stipulated future date. The fund must give the broker a deposit of cash and/or securities (initial margin) whenever it enters into a futures contract. The amount of the deposit may vary from one contract to another. Subsequent payments (variation margin) are made or received by the fund depending on the daily fluctuations in the value of the futures contract and are accounted for as unrealized appreciation or depreciation until the contract is closed, at which time the gains or losses are realized. Futures contracts are traded publicly on exchanges, and their value may change daily.

**Cash Investments:** The fund may invest a portion of its assets in cash. Cash includes cash bank balances in an interest-bearing demand deposit account with maturity on demand by the fund.

**Securities Lending:** Under the trust's Securities Lending Program, the fund (lender) may make short-term loans of its securities to another party (borrower) to generate additional revenue for the fund. The borrower pledges collateral in the form of cash, securities issued or fully guaranteed by the U.S. government or foreign governments, or letters of credit issued by a bank. Collateral at the individual loan level is required to be maintained on a daily marked-to-market basis in an amount at least equal to the current value of the securities loaned. The lending agent provides the fund with indemnification against borrower default (the borrower fails to return the security on loan) reducing the risk of loss as a result of default. The cash collateral of securities loaned is currently invested in money market portfolios operating pursuant to Rule 2a-7 under the 1940 Act. The fund bears the risk of loss with respect to the investment of cash collateral. The terms of the securities lending agreement allow the fund or the lending agent to terminate any loan at any given time and the securities must be returned within the earlier of the standard trade settlement period or the specified time period under the relevant securities lending agreement. Securities lending income, as disclosed in the fund's Statement of Operations, if applicable, represents the income earned from the investment of the cash collateral plus any fees paid by borrowers, less the fees paid to the lending agent and broker rebates which are subject to adjustments pursuant to the securities lending agreement. On loans not collateralized by cash, a fee is received from the borrower, and is allocated between the fund and the lending agent. The aggregate market value of securities loaned will not at any time exceed one-third of the total assets of the

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**13**

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**2. Significant Accounting Policies (continued):** 

fund, including collateral received from the loan. Securities lending fees paid to the unaffiliated lending agent start at 9% of gross lending revenue, with subsequent breakpoints to a low of 5%. In this context, the gross lending revenue equals the income received from the investment of cash collateral and fees paid by borrowers less any rebates paid to the borrowers. Any expenses charged by the cash collateral fund are in addition to these fees. All remaining revenue is retained by the fund, as applicable. No portion of lending revenue is paid to or retained by the investment adviser or any of its affiliates.

As of February 28, 2026, the fund had securities on loan, all of which were classified as common stocks. The value of securities on loan and the related collateral as of February 28, 2026, are disclosed in the fund's Portfolio Holdings and Statement of Assets and Liabilities.

**Passive Foreign Investment Companies:** The fund may own shares in certain foreign corporations that meet the Internal Revenue Code, as amended, definition of a Passive Foreign Investment Company (PFIC). The fund may elect for tax purposes to mark-to-market annually the shares of each PFIC lot held and would be required to distribute as ordinary income to shareholders any such marked-to-market gains (as well as any gains realized on sale).

**Central Securities Depositories Regulation**: The Central Securities Depositories Regulation (CSDR) introduced measures for the authorization and supervision of European Union Central Security Depositories and created a common set of prudential, organizational, and conduct of business standards at a European level. CSDR is designed to support securities settlement and operational aspects of securities settlement, including the provision of shorter settlement periods; mandatory buy-ins; and cash penalties, to prevent and address settlement fails. CSDR measures are aimed to prevent settlement fails by ensuring that all transaction details are provided to facilitate settlement, as well as further incentivizing timely settlement by imposing cash penalty fines and buy-ins. The fund may be subject to pay cash penalties and may also receive cash penalties with certain counterparties in instances where there are settlement fails. These cash penalties are included in net realized gains (losses) on sales of securities - unaffiliated issuers in the fund's Statement of Operations, if any.

**(c) Security Transactions:** 

Security transactions are recorded as of the date the order to buy or sell the security is executed. Realized gains and losses from security transactions are based on the identified costs of the securities involved.

Assets and liabilities denominated in foreign currencies are reported in U.S. dollars. For assets and liabilities held on a given date, the dollar value is based on market exchange rates in effect on that date. Transactions involving foreign currencies, including purchases, sales, income receipts and expense payments, are calculated using exchange rates in effect on the transaction date. Realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the differences between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange appreciation or depreciation arises from changes in foreign exchange rates on foreign denominated assets and liabilities other than investments in securities held at the end of the reporting period. These realized and unrealized foreign exchange gains or losses are reported in foreign currency transactions or translations, if any, in the fund's Statement of Operations. The fund does not isolate the portion of the fluctuations on investments resulting from changes in foreign currency exchange rates from the fluctuations in market prices of investments held. Such fluctuations are included with the net realized and unrealized gain or loss from investments, if any.

Gains realized by the fund on the sale of securities in certain foreign countries may be subject to non-U.S. taxes. In those instances, the fund records a liability based on unrealized appreciation to provide for potential non-U.S. taxes payable upon the sale of these securities. These capital gain taxes, if any, are paid by the fund and are disclosed in the fund's Statement of Operations in Net realized gain (losses) on securities — unaffiliated issuers (net of foreign capital gains tax paid). Foreign capital gain taxes accrued as of February 28, 2026, if any, are reflected in the fund's Statement of Assets and Liabilities.

When the fund closes out a futures contract position, it calculates the difference between the value of the position at the beginning and at the end of the contract, and records a realized gain or loss accordingly.

The fund invests in real estate investment trusts (REITs) which report information on the source of their distributions annually. The fund's policy is to record all REIT distributions initially as dividend income on the ex-dividend date and then re-designate them as return of capital and/or capital gain distributions at the end of the reporting period based on information provided annually by each REIT, and management estimates such re-designations when actual information has not yet been reported.

**14**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**2. Significant Accounting Policies (continued):** 

**(d) Investment Income:**

Interest income is recorded as it accrues. Dividends and distributions from portfolio securities and underlying funds are recorded on the date they are effective (the ex-dividend date), although the fund records certain foreign security dividends on the date the ex-dividend date is confirmed. Non-cash dividends in the form of additional securities are recorded on the ex-dividend date at fair value, if any. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.

Income received from foreign sources may result in withholding tax. Withholding taxes are accrued at the same time as the related income if the tax rate is fixed and known, unless a tax withheld is reclaimable from the local tax authorities and there are no significant uncertainties on collectibility in which case it is recorded as receivable. If the tax rate is not known or estimable, such expense or reclaim receivable is recorded when the net proceeds are received. Foreign withholding tax expensed during the period, if any, is disclosed in Dividends received from securities — unaffiliated issuers (net of foreign withholding tax) in the Statement of Operations and is representative of taxes paid during the period.

**(e) Expenses:**

Pursuant to the Amended and Restated Investment Advisory and Administration Agreement between the investment adviser and the trust, the investment adviser pays the operating expenses of the fund, excluding acquired fund fees and expenses, taxes, any brokerage expenses, and extraordinary or non-routine expenses. Taxes, any brokerage expenses and extraordinary or non-routine expenses that are specific to the fund are charged directly to the fund. Acquired fund fees and expenses are indirect expenses incurred by a fund through its investments in underlying funds and are reflected in the net asset values of the underlying funds.

**(f) Distributions to Shareholders:**

The fund makes distributions from net investment income, if any, quarterly and from net realized capital gains, if any, once a year. To receive a distribution, you must be a registered shareholder on the record date. Distributions are paid to shareholders on the payable date.

**(g) Accounting Estimates:**

The accounting policies described in this report conform to GAAP. Notwithstanding this, shareholders should understand that in order to follow these principles, fund management has to make estimates and assumptions that affect the information reported in the financial statements. It's possible that once the results are known, they may turn out to be different from these estimates and these differences may be material.

**(h) Federal Income Taxes:**

The fund intends to meet federal income and excise tax requirements for regulated investment companies under subchapter M of the Internal Revenue Code, as amended. Accordingly, the fund distributes substantially all of its net investment income and net realized capital gains, if any, to its shareholders each year. As long as the fund meets the tax requirements, it is not required to pay federal income tax. The fund did not pay any federal taxes during the period.

**(i) Foreign Taxes:**

The fund may be subject to foreign taxes (a portion of which may be reclaimable) on investment income, corporate events, foreign currency exchanges and capital gains on investments. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in foreign markets in which the fund invests. These foreign taxes, if any, are paid by the fund and are disclosed in the fund's Statement of Operations and Statement of Assets and Liabilities.

**(j) Segment Reporting:**

An operating segment is defined in ASC Topic 280 Segment Reporting as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available.

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**15**

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**2. Significant Accounting Policies (continued):** 

The management committee of the fund's investment adviser acts as the fund's CODM. The CODM has determined that the fund operates as a single operating segment given the fund has a single defined investment strategy disclosed in its respective prospectus. The discrete financial information in the form of the fund's portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, shares sold and shares redeemed), which is used by the CODM to assess performance against the prospectus and to make resource allocation decisions with respect to the fund, is presented within the fund's financial statements.

**(k) Indemnification:**

Under the fund's organizational documents, the officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the fund. In addition, in the normal course of business the fund enters into contracts with its vendors and others that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the fund. However, based on experience, the fund expects the risk of loss attributable to these arrangements to be remote.

------

**3. Affiliates and Affiliated Transactions:**

**Investment Adviser**

Charles Schwab Investment Management, Inc., dba Schwab Asset Management, a wholly owned subsidiary of The Charles Schwab Corporation, serves as the fund's investment adviser and administrator pursuant to the Amended and Restated Investment Advisory and Administration Agreement between the investment adviser and the trust.

For its advisory and administrative services to the fund, the investment adviser is entitled to receive an annual fee, payable monthly, equal to 0.39% of the fund's average daily net assets.

**Interfund Transactions**

The fund may engage in direct transactions with other funds in the Schwab Funds Complex in accordance with procedures adopted by the Board of Trustees pursuant to Rule 17a-7 under the 1940 Act. When one fund is seeking to sell a security that another fund is seeking to buy, an interfund transaction can allow both funds to benefit by reducing transaction costs while allowing each fund to execute the transaction at the current market price. This practice is limited to funds that share the same investment adviser. The net realized gains or losses on sales of interfund transactions are recorded in Net realized gains (losses) on sales of securities — unaffiliated issuers in the Statement of Operations. For the period ended February 28, 2026, the fund's purchases and sales of securities with other funds in the Schwab Funds Complex was $5,340,145 and $4,389,600, respectively, and includes net realized gains of $777,998.

**Interfund Borrowing and Lending**

Pursuant to an exemptive order issued by the SEC, the fund may enter into interfund borrowing and lending transactions with other funds in the Schwab Funds Complex. All loans are for temporary or emergency purposes and the interest rate to be charged will be the average of the overnight repurchase agreement rate and the short-term bank loan rate. All loans are subject to numerous conditions designed to ensure fair and equitable treatment of all participating funds. The interfund lending facility is subject to the oversight and periodic review by the Board of Trustees. The fund had no interfund borrowing or lending activity during the period.

------

**4. Board of Trustees:**

The Board of Trustees may include people who are officers and/or directors of the investment adviser or its affiliates. Federal securities law limits the percentage of such "interested persons" who may serve on a trust's board, and the trust was in compliance with these limitations throughout the report period. The fund did not pay any interested persons or non-interested persons (independent trustees). The independent trustees are paid by the investment adviser pursuant to the Advisory Agreement where the investment adviser pays the operational expenses of the fund which includes trustee fees.

**16**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**5. Borrowing from Banks:**

During the period, the fund was a participant with other funds in the Schwab Funds Complex in a joint, syndicated, committed $1.2 billion line of credit (the Syndicated Credit Facility), which matured on September 25, 2025. On September 25, 2025, the Syndicated Credit Facility was amended to run for a new 28 day period with the line of credit amount remaining unchanged, maturing on October 23, 2025. On October 23, 2025, the Syndicated Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on October 22, 2026. Under the terms of the Syndicated Credit Facility, in addition to the investment adviser paying the interest charged on any borrowings by the fund, the investment adviser paid a commitment fee of 0.15% per annum on the fund's proportionate share of the unused portion of the Syndicated Credit Facility.

During the period, the fund was a participant with other funds in the Schwab Funds Complex in a joint, unsecured, uncommitted $400 million line of credit (the Uncommitted Credit Facility) with State Street Bank and Trust Company, which matured on September 25, 2025. On September 25, 2025, the Uncommitted Credit Facility was amended to run for a new 28 day period with the line of credit amount remaining unchanged, maturing on October 23, 2025. On October 23, 2025, the Uncommitted Credit Facility was amended to run for a new 364 day period with the line of credit amount remaining unchanged, maturing on October 22, 2026. Under the terms of the Uncommitted Credit Facility, the investment adviser pays interest on the amount the fund borrows. There were no borrowings by the fund from either line of credit during the period.

The fund also has access to custodian overdraft facilities. The fund may have utilized the overdraft facility and incurred an interest expense, which is paid by the investment adviser, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.

------

**6. Derivatives:**

The fund entered into futures contracts during the report period to equitize available cash.

As of February 28, 2026, the Statement of Assets and Liabilities included the following financial derivative instrument fair values held at period end:

---

| | | |
|:---|:---|:---|
|  | EQUITY CONTRACTS | TOTAL |
| **Asset Derivatives** |  |  |
| Futures Contracts<sup>1</sup> <br>| $16536 | &nbsp;&nbsp; $16536 |

---

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

<br> <sup>1</sup> Includes cumulative unrealized appreciation of futures contracts as reported in the fund's Portfolio Holdings. Only current day's variation margin on futures contracts is reported in the Statement of Assets and Liabilities.

The effects of the derivative contracts in the Statement of Operations for the period ended February 28, 2026, were:

---

| | | |
|:---|:---|:---|
|  | EQUITY CONTRACTS | TOTAL |
| **Net Realized Gains (Losses)** |  |  |
| Futures Contracts<sup>1</sup> <br>| $6462 | &nbsp;&nbsp; $6462 |
| **Net Change in Unrealized Appreciation (Depreciation)** |  |  |
| Futures Contracts<sup>2</sup> <br>| $20458 | &nbsp;&nbsp; $20458 |

---

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

<br> <sup>1</sup> Statement of Operations location: Net realized gains (losses) on futures contracts. <br> <sup>2</sup> Statement of Operations location: Net change in unrealized appreciation (depreciation) on futures contracts.

During the period ended February 28, 2026, the month-end average notional amounts of futures contracts held by the fund and the month-end average number of contracts held were as follows:

---

| | |
|:---|:---|
| NOTIONAL AMOUNT | NUMBER OF CONTRACTS |
| $509478 | 11 |

---

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**17**

------

Schwab Fundamental Global Real Estate Index Fund

Financial Notes (continued)

------

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

**7. Purchases and Sales of Investment Securities:**

For the period ended February 28, 2026, purchases and sales of securities (excluding short-term obligations) were as follows:

---

| | |
|:---|:---|
| PURCHASES <br>OF SECURITIES <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SALES <br>OF SECURITIES<br>|
| $15986843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $23147320 |

---

------

**8. Federal Income Taxes:**

As of February 28, 2026, the tax basis cost of the fund's investments and gross unrealized appreciation and depreciation were as follows:

---

| | | | |
|:---|:---|:---|:---|
| TAX COST | GROSS UNREALIZED <br>APPRECIATION<br>| GROSS UNREALIZED <br>DEPRECIATION<br>| NET UNREALIZED <br>APPRECIATION <br>(DEPRECIATION)<br>|
| &nbsp;&nbsp; $63852518 | &nbsp;&nbsp; $27580705 | &nbsp;&nbsp; ($12384417)<br>| &nbsp;&nbsp; $15196288 |

---

The primary differences between book basis and tax basis unrealized appreciation or unrealized depreciation of investments are the tax deferral of losses on wash sales, the realization for tax purposes of unrealized appreciation or depreciation on futures contracts, the realization for tax purposes of unrealized appreciation on investments in PFICs and partnership investments. The tax cost of the fund's investments, disclosed above, have been adjusted from its book amounts to reflect these unrealized appreciation or depreciation differences, as applicable.

As of February 28, 2026, the components of distributable earnings on a tax basis were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| UNDISTRIBUTED <br>ORDINARY <br>INCOME <br>| NET UNREALIZED <br>APPRECIATION <br>(DEPRECIATION) <br>ON INVESTMENTS <br>| NET OTHER UNREALIZED <br>APPRECIATION <br>(DEPRECIATION) <br>| CAPITAL LOSS <br>CARRYFORWARDS AND OTHER LOSSES<br>| TOTAL  |
| $419526 | &nbsp;&nbsp; $15196288 | &nbsp;&nbsp; $3474 | &nbsp;&nbsp; ($26512883)<br>| &nbsp;&nbsp; ($10893595)<br>|

---

Capital loss carryforwards have no expiration and may be used to offset future realized capital gains for federal income tax purposes. As of February 28, 2026, the fund had capital loss carryforwards of $26,512,883.

The tax basis components of distributions paid during the current and prior fiscal years were as follows:

---

| | |
|:---|:---|
| CURRENT FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS |
| ORDINARY <br>INCOME<br>| ORDINARY <br>INCOME <br>|
| $2619145 | &nbsp;&nbsp; $2869714 |

---

Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts in the financial statements. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

Permanent book and tax basis differences may result in reclassifications between components of net assets as required. The adjustments will have no impact on net assets or the results of operations.

As of February 28, 2026, management has reviewed the tax positions for open periods (for federal purposes, three years from the date of filing and for state purposes, four years from the date of filing) as applicable to the fund, and has determined that no provision for income tax is required in the fund's financial statements. During the fiscal year ended February 28, 2026, the fund did not incur any interest or penalties.

------

**9. Subsequent Events:**

Management has determined there are no subsequent events or transactions through the date the financial statements were issued that would have materially impacted the financial statements as presented.

**18**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Schwab Fundamental Global Real Estate Index Fund

Report of Independent Registered Public Accounting Firm

------

To the Board of Trustees of Schwab Capital Trust and Shareholders of Schwab Fundamental Global Real Estate Index Fund:

***Opinion on the Financial Statements and Financial Highlights***

We have audited the accompanying statement of assets and liabilities, including the portfolio holdings, of Schwab Fundamental Global Real Estate Index Fund (the "Fund"), one of the funds constituting Schwab Capital Trust, as of February 28, 2026, the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of February 28, 2026, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

***Basis for Opinion***

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of February 28, 2026, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

**Deloitte & Touche LLP**

Denver, Colorado

April 16, 2026

We have served as the auditor of one or more investment companies in the Schwab Funds Complex since 2020.

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**19**

------

Changes in and Disagreements with Accountants for Open-End Management Investment Companies

------

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

Not applicable.

**20**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Proxy Disclosures for Open-End Management Investment Companies

------

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

Not applicable.

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**21**

------

Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies

------

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

The remuneration paid to directors, officers and others are included under Item 7 (Financial Statements and Financial Highlights for Open-End Management Investment Companies).

**22**Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

------

Statement Regarding Basis for Approval of Investment Advisory Contract

------

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

Not applicable.

Schwab Fundamental Global Real Estate Index Fund \| Annual Holdings and Financial Statements

**23**

------

![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](g892400img905576aa1.jpg)

MFR85263-11

00323322

------

#### Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
The changes in and disagreements with accountants for open-end management investment companies are included under Item 7 of this Form.

#### Item 9: Proxy Disclosures for Open-End Management Investment Companies.
The proxy disclosures for open-end management investment companies are included under Item 7 of this Form.

#### Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The remuneration paid to directors, officers and others are included under Item 7 of this Form.

#### Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract.
The statement regarding basis for approval of investment advisory contract is included under Item 7 of this Form.

------

#### Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.

#### Item 13: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.

#### Item 14: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.

#### Item 15: Submission of Matters to a Vote of Security Holders.
Not applicable.

#### Item 16: Controls and Procedures.
(a) Based on their evaluation of Registrant's disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant's Principal Executive Officer, Omar Aguilar and Registrant's Principal Financial Officer, Dana Smith, have concluded that Registrant's disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant's officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above.

(b) During the period covered by this report, there have been no changes in Registrant's internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant's internal control over financial reporting.

#### Item 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.

#### Item 18: Recovery of Erroneously Awarded Compensation.
(a) Not applicable.

(b) Not applicable.

#### Item 19: Exhibits.

---

| | |
|:---|:---|
| (a) (1) | [Registrant's code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached.](d48352dex99codeeth.htm) |
| (2) | Not applicable. |
| (3) | [Separate certifications for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (the "1940 Act"), are attached.](d48352dex99cert.htm) |
| (b) [A certification for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSR with the Commission.](d48352dex99906cert.htm) | (b) [A certification for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSR with the Commission.](d48352dex99906cert.htm) |

---

------

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) <u>Schwab</u> <u>Capital Trust</u> <u>– Schwab Fundamental Global Real Estate Index Fund</u>

---

| | |
|:---|:---|
| By: | /s/ Omar Aguilar |
|  | Omar Aguilar<br> Principal Executive Officer (Chief Executive Officer) |
| Date: | April 16, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Omar Aguilar |
|  | Omar Aguilar<br> Principal Executive Officer (Chief Executive Officer) |
| Date: | April 16, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Dana Smith |
|  | Dana Smith<br> Principal Financial Officer (Chief Financial Officer) |
| Date: | April 16, 2026 |

---

## Ex-99.Code

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

**Schwab Funds:** 

**The Charles Schwab Family of Funds** 

**Laudus Trust** 

**Schwab Investments** 

**Schwab Capital Trust** 

**Schwab Annuity Portfolios** 

**Schwab ETFs:** 

**Schwab Strategic Trust** 

**(the "Funds" or the "Trusts")** 

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

**Category: Code of Ethics and Personal Obligations** 

---

| | |
|:---|:---|
| **Policy Type** | Fund / Board |
| **Regulatory Authority, Rule(s) and Regulation(s)** | &nbsp;&nbsp;&nbsp;&nbsp; • This Code constitutes the sole code of ethics adopted by the Funds for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Funds, CSIM, CSIM's affiliates, The Charles Schwab Corporation or other Fund service providers govern or purport to govern the behavior or activities of an Officer who is subject to this Code, they are superseded by this Code to the extent that they conflict with the provisions of this Code. CSIM's, the Funds' and Charles Schwab & Co. Inc.'s (as distributor) joint code of ethics under Rule 17j-1 pursuant to the 1940 Act and Rule 204A-1 of the Advisers Act, and CSIM's, CSIM's affiliates', and The Charles Schwab Corporation's policies and procedures set forth in their respective compliance manuals and elsewhere are separate requirements applying to the Officers and are not part of this Code.<br>|
| **Associated Policies and Standards** | &nbsp;&nbsp;&nbsp;&nbsp; <u>CSIM/Fund Policy and Procedures</u><br>• N/A<br><u>Charles Schwab Corporation (CSC) Policies and Standards</u><br>• N/A<br>|
| **Approval Date** | December 9, 2025 |

---

Note: CSIM and Fund Policies and Procedures may have additional or more restrictive requirements than those contained in CSC Policies and Standards.

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

------

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

**A. Overview: Policy Purpose and Objectives** 

**I. SCOPE** 

This Code of Business Conduct and Ethics (the "Code") for the Schwab Funds and Schwab ETFs (the "Funds") covers the Principal Executive Officer and Principal Financial Officer and any other officers who serve a similar function (each an "Officer") of all of the investment companies within the Funds' complex and applies to their service to the Funds.

**II. INTRODUCTION** 

The Funds are committed to the highest standards of ethical conduct. The Code consists of an outline of policies regarding conduct pertaining to legal compliance, personal conflicts of interest, confidentiality and privacy, and certain business practices. You are responsible for reviewing the Code and for acting in compliance with the Code in your daily activities.

The Code is not exhaustive; it provides guidance for carrying out your responsibilities on behalf of the Funds and observing the highest standards of ethical conduct. Because the Code does not address every possible situation that may arise, you are responsible for exercising good judgment, applying ethical principles, and raising questions when in doubt. Your integrity and good judgment reflect on the Funds' brand and reputation, and are the foundation of trust for our shareholder and business relationships.

If you are unsure of what to do in any situation or how to interpret the provisions of the Code, seek guidance before you act. Use the Funds' resources, including the Chief Legal Officer or the Chief Compliance Officer. If you feel that it is not appropriate to discuss a matter with the Chief Legal Officer or the Chief Compliance Officer, you may contact the Ombudsperson for The Charles Schwab Corporation.

**CONTACT INFORMATION** 

---

| | | |
|:---|:---|:---|
| **Title** | **Name** | **Phone Number** |
| Chief Compliance Officer | Mark Hunter | 512-682-7627 |
| Chief Legal Officer of Schwab Funds and Schwab ETFs | Catherine MacGregor | 415-667-0650 |
| The Charles Schwab Corporation Ombudsperson | Amy Pimentel, Esq, McDermott Will & Schulte LLP | 617-535-3948 |

---

**B. Procedures and Responsibilities** 

**I. POLICIES** 

In executing your responsibilities on behalf of the Funds, your conduct should reflect positively on the Funds. A strong personal sense of ethics should always play a significant role in guiding you towards a proper course of action. The appearance of impropriety can be as harmful to the Funds' reputation as improper conduct.

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

------

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

The Funds' business is subject to various laws, rules and regulations, including federal securities and state and local laws. Although you are not expected to know the details of the myriad of laws governing our business, you are expected to be familiar with and comply with policies and procedures that apply to your business unit and complete any required training that applies to you (e.g., training regarding privacy or anti-money laundering).

A. PERSONAL CONFLICTS OF INTEREST

It is important that you do not place yourself in a position that would cloud your judgment in carrying out the business affairs of the Funds. A "personal conflict of interest" occurs when your private interest interferes in any way — or even appears to interfere — with the interests of the Funds. You have a duty to report any material transaction or relationship to the Chief Compliance Officer that reasonably could be expected to be or to create a conflict of interest with the Funds.

Officers, in addition to their obligation to the Funds, may also be an officer or employee of CSIM or a CSIM affiliate. As a result, this Code recognizes that the Officers will, in the normal course of their duties (whether formally for the Funds, for CSIM, for CSIM's affiliate or for more than one entity), be involved in establishing policies and implementing decisions that will have different effects on CSIM, CSIM's affiliates and the Funds. The participation of the Officers in such activities is inherent in the contractual relationship between the Funds and CSIM and is consistent with the performance by the Officers of their duties as officers of the Funds. Thus, if performed in conformity with the provisions of the Investment Company Act of 1940, as amended (the "1940 Act"), and the Investment Advisers Act of 1940, as amended (the "Advisers Act"), such activities will be deemed under the Code to have been handled ethically. In addition, it is recognized by the Trustees that the Officers may also be officers or employees of one or more other investment companies covered by this or other codes.

B. INSIDE INFORMATION

Do not trade on inside information or disclose inside information to anyone except those who have a need to know it in order to fulfill their responsibilities for the Funds and in accordance with the Funds' policy. This applies to information regarding the Funds, The Charles Schwab Corporation and its subsidiaries, and any other publicly traded company.

Generally, material information is any information that an investor would likely consider important in deciding whether to buy, sell or hold securities or that could affect the market price of the securities. Examples include actual or estimated financial results or change in dividends; significant discoveries or product developments; possible mergers, acquisitions or divestitures; major changes in business strategies; obtaining or losing significant contracts; and threatened major litigation or related developments. If you have or receive information and are unsure whether it is within the definition of inside information or whether its release might be contrary to a fiduciary or other obligation, contact the Chief Compliance Officer prior to disclosing any such information.

You must not use the Funds' non-public holdings or transactions information in any way to influence your trades or the trades of other shareholders, including those of other employees, officers and directors. Trading ahead of shareholder or the Funds' transactions (frontrunning) and following shareholder or the Funds' transactions (piggybacking or shadowing) is prohibited.

C. ACCEPTANCE OF GIFTS OR ENTERTAINMENT

You must not accept gifts or entertainment from shareholders, vendors, suppliers, competitors or other employees where they present a conflict of interest or create the appearance of impropriety. You must adhere to the CSIM and The Charles Schwab Corporation policies regarding gifts and entertainment, and apply the more stringent restrictions. In addition, if you are an employee of another CSIM affiliate you must also adhere to that affiliate's policies regarding gifts and entertainment, and apply the more stringent restrictions.

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

------

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

D. CONFIDENTIALITY OF INFORMATION AND PRIVACY

Information concerning the identity of the Funds' underlying shareholders and their transactions and accounts is confidential. Such information may not be disclosed to persons working on behalf of the Funds except as they may need to know it in order to fulfill their responsibilities to the Funds. You may not disclose such information to anyone or any firm outside the Funds unless (i) the outside firm needs to know the information in order to perform services for the Funds and is bound to maintain its confidentiality; (ii) when the shareholder has consented or been given an opportunity to request that the information not be shared; (iii) as required by law; or (iv) as authorized by the Chief Legal Officer or Chief Compliance Officer.

The Funds are committed to safeguarding their customers' privacy. We do not sell any personally identifiable customer information. Sharing of such information with third parties is limited to situations related to the processing and servicing of customer accounts, and to specifically delineated exceptions in the federal privacy law. We share information with our affiliates to the extent permitted by federal law. You must be familiar with the procedural and systemic safeguards we maintain to protect this information.

You have the responsibility to safeguard the Funds' proprietary information. Proprietary information includes intellectual property (copyrights, trademarks or patents or trade secrets), particular know-how (business or organizational designs, or business, marketing or service plans or ideas) and sensitive information about the Funds (databases, records, salary information or unpublished financial reports).

E. PROTECTION AND USE OF FUNDS' ASSETS

You are obligated to protect the Funds' assets and ensure their efficient use. Theft, carelessness and waste have a direct impact on the Funds. The Funds' equipment should not be used for non-Funds' business, though incidental personal use may be permitted.

F. FINANCIAL DISCLOSURES

The Funds are committed to providing full, fair, accurate, timely and understandable disclosure in reports and documents that the Funds file with, or submit to, the Securities and Exchange Commission and other regulatory agencies and in other public communications made by the Funds. You are required to comply with the Funds' policies and procedures to provide such full, fair, accurate, timely and understandable disclosure.

G. CONDUCT OF AUDITS

Neither you nor any other person acting under your direction shall directly or indirectly take any action to fraudulently influence, coerce, manipulate, or mislead any independent public or certified public accountant engaged in the performance of an audit or review of the Funds' financial statements.

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

------

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

Types of conduct that constitute improper influence include, but are not limited to, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Offering or paying bribes or other financial incentives, including offering future employment or contracts for non-audit services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Providing an auditor with inaccurate or misleading legal analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Threatening to cancel or canceling existing non-audit or audit
engagements if the auditor objects to the issuer's accounting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Seeking to have a partner removed from the audit engagement because the partner objects to the Funds'
accounting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Blackmailing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Making physical threats

H. SALES PRACTICES

If you transact business for shareholders, you are required to know and observe the Funds' specific policies and procedures for shareholder sales and transactions, such as the content and use of sales materials, documentation for transactions, quotations and suitability. Likewise, if you transact business with third parties (such as vendors or suppliers), you will be required to know and observe the Funds' policies and procedures for such transactions, such as marketing policies, procedures for performing due diligence on third parties, and obtaining proper authorizations for any agreements. You must be familiar with any enumerated policies and procedures governing your sales activities and use good judgment in complying with them.

I. COMPETITION AND FAIR DEALING

We operate our business fairly and honestly. We seek competitive advantage through performance and never through unethical or illegal business practices. It is our policy to comply with anti-trust laws. These laws are complex and not easily summarized, but at a minimum require that there be no agreement or understanding between the Funds and their competitors that affect prices, terms or conditions of sale or that unreasonably restrain full and fair competition. You must always respect the rights of and deal fairly with the Funds' shareholders and competitors. You must never take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair dealing practice.

J. PROHIBITION OF BRIBERY AND KICKBACKS

Our policies prohibit bribery or kickbacks of any kind and to anyone in the conduct of our business. The U.S. government has a number of laws and regulations applicable specifically to business gratuities that may be offered to or accepted by U.S. and foreign government personnel. The promise, offer or delivery to an official or employee of the U.S. government or an official, employee or candidate of a foreign government of a gift, favor, payment or other gratuity in violation of these rules would not only violate the Funds' policy but could also be a criminal offense. Similarly, federal law, as well as the laws of many states, prohibits engaging in "commercial bribery." Commercial bribery involves soliciting, demanding or agreeing to accept anything of value from any person intending to influence or be rewarded in connection with any business or transaction, and prohibits all such behavior, for example, with respect to vendors, competitors, shareholders, and government employees.

K. WAIVERS

Waivers of the Code may be made only by the Trustees and will be promptly disclosed publicly as required by law.

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

------

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

L. CODE AMENDMENTS

This Code may not be amended except in written form, which is specifically approved or ratified by a majority of the Trustees including a majority of the independent Trustees. Any amendments will, to the extent required, be disclosed in accordance with law.

M. CONFIDENTIALITY

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Trustees, CSIM, The Charles Schwab Corporation and their respective counsel. However, nothing contained in this Code or in any applicable employment or severance agreement(s) should be interpreted as prohibiting employees or former employees from voluntarily communicating with the Securities and Exchange Commission or other authorities regarding possible violations of law or from recovering a whistleblower award.

**II. ESCALATION AND PROHIBITION AGAINST RETALIATION** 

If you know of, or reasonably believe there is, a violation of this Code, you must report that information immediately to the Funds' Chief Compliance Officer. Depending on the possible violation, you may also be required to report it pursuant to The Charles Schwab Corporation Code of Business Conduct and CSIM and/or CSIM's affiliate's compliance policies and procedures. You should not conduct preliminary investigations unless authorized to do so by the Compliance Department.

No Officer will be retaliated against for making a good faith complaint or for bringing inappropriate conduct to the attention of the Funds' personnel, Ombudsperson of The Charles Schwab Corporation or Trustees, for assisting another employee or applicant in making a good faith report, for cooperating in an investigation, or for filing an administrative claim with a state or federal governmental agency. Any Officer who in good faith raises an issue regarding a possible violation of law, regulation or company policy or any suspected illegal or unethical behavior will be protected from retaliation.

If you have violated the Code, however, making a report will not protect you from the consequences of your actions. You can be subject to discipline up to and including termination of employment if you violate the Code or fail to report violations that come to your attention.

Any employee who engages in retaliatory conduct in violation of our policies will be subject to disciplinary action, up to and including termination of employment. If you reasonably believe retaliatory conduct has occurred, you must report such conduct to the Funds' Chief Compliance Officer.

**III. PROCEDURES** 

A. OFFICERS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Read and be familiar with conduct rules outlined in the Code, and periodically review them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Affirm in writing to the Trustees that you have received, read and understand the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annually affirm to the Trustees that you have complied with the requirements of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Comply with the conduct standards outlined in this Code in all dealings and actions, including those with
shareholders, the public, and vendors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report any material transaction or relationship to the Chief Compliance Officer that reasonably could be expected
to be or to create a personal conflict of interest with the Funds.

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

------

**Code of Business Conduct and Ethics for Principal Executive and Senior Financial Officers (F/B)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report in a timely manner to the Chief Compliance Officer any conduct that may constitute a violation of the
Code, the Funds' policies, or laws, rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raise questions or concerns about conduct issues with your supervisor, the Chief Legal Officer or Chief
Compliance Officer, and seek advice when in doubt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cooperate with management during fact-finding investigations and comply with any confidentiality rules imposed.

B. CHIEF COMPLIANCE OFFICER

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Chief Compliance Officer, upon becoming notified of potential violation of this Code, will conduct,
facilitate or delegate a review of the matter and will report to the Chairperson of the affected Fund's Audit, Compliance and Valuation Committee any violations of this Code that he or she believes to be material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Chief Compliance Officer, upon becoming notified of a personal conflict of interest between an Officer and
the Funds that the Chief Compliance Officer deems to be material, will report the issue to the Chairperson of the affected Fund's Audit, Compliance and Valuation Committee and will work with the Chief Legal Officer and other appropriate
parties to ensure that any required disclosures are made.

C. TRUSTEES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Board of Trustees will consider appropriate action to address any violations of the Code that they deem to be
material, which may include review of and appropriate modification to applicable policies and procedures, notification to appropriate personnel of CSIM or its board of directors, notification to appropriate personnel of The Charles Schwab
Corporation or its board of directors, or a recommendation to dismiss the Officer.

**C. Recordkeeping Requirements** 

You must be familiar with the Funds' record retention policies and always retain or destroy records according to them. In the event of litigation, governmental investigation or the threat of such action, you should consult the Chief Legal Officer or the Chief Compliance Officer regarding record retention.

The Funds' books, records and accounts must conform both to applicable legal requirements and to the Funds' internal controls and policies.

Unrecorded or "off-the-books" funds or assets are prohibited unless permitted by applicable law or regulation. Business records must not contain exaggeration, derogatory remarks, guesswork, or inappropriate characterizations of people and companies. This applies equally to email, internal memoranda, formal reports, and all other forms of business records.

---

| | |
|:---|:---|
| **Version History** | Adopted Schwab Funds: June 15, 2011; Schwab ETFs: August 4, 2011. Revised August 8, 2013; December 11, 2015; August 25, 2016; December 11, 2017; September 25, 2018 (no changes); December 12, 2019; November 3, 2020; October 7, 2021; December 13, 2022; December 11, 2023; December 19, 2024; December 9, 2025 |

---

The information contained herein is the property of The Charles Schwab Corporation (CSC) and is not for distribution outside of

CSC without prior permission of the Chief Compliance Officer of the Funds or CSIM, as applicable, or their designee.

## Ex-99.Cert

**<u>CERTIFICATIONS</u>**

I, Omar Aguilar, certify that:

1. I have reviewed this report on Form N-CSR for the following series of Schwab Capital Trust: Schwab Fundamental Global Real Estate Index Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosures and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
|  Date: April 16, 2026 | /s/ Omar Aguilar |
|  | Omar Aguilar<br> Principal Executive Officer (Chief Executive Officer) |

---

------

**<u>CERTIFICATIONS</u>**

I, Dana Smith, certify that:

1. I have reviewed this report on Form N-CSR for the following series of Schwab Capital Trust: Schwab Fundamental Global Real Estate Index Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosures and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
|  Date: April 16, 2026 | /s/ Dana Smith |
|  | Dana Smith<br> Principal Financial Officer (Chief Financial Officer) |

---

## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES**-**OXLEY ACT OF 2002

In connection with the Annual Report for the following series of Schwab Capital Trust: Schwab Fundamental Global Real Estate Index Fund (the "Fund") on Form N-CSR for the period ended February 28, 2026 ("periodic report"), each of the undersigned, being the Principal Executive Officer and Principal Financial Officer, respectively, hereby certifies, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes**-**Oxley Act of 2002, that to the best of my knowledge:

(1) The periodic report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the periodic report fairly presents, in all material respects, the financial condition and results of operations of the Fund for the period presented therein.

---

| | | |
|:---|:---|:---|
| /s/ Omar Aguilar | Date: | April 16, 2026 |
| Omar Aguilar |  |  |
| Principal Executive Officer (Chief Executive Officer) |  |  |

---

---

| | | |
|:---|:---|:---|
| /s/ Dana Smith | Date: | April 16, 2026 |
| Dana Smith |  |  |
| Principal Financial Officer (Chief Financial Officer) |  |  |

---

This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSR with the Commission.