|
Douglas P. Dick, Esq.
Dechert LLP 1900 K Street, N.W. Washington, DC 20006 |
| |
John M. Loder, Esq.
Ropes & Gray LLP 800 Boylston Street Boston, MA 02199‑3600 |
|
| Schwab® Monthly Income Fund — Target Payout (formerly Schwab® Monthly Income Fund — Moderate Payout) |
| |
SWJRX
|
|
| Schwab® Monthly Income Fund — Flexible Payout (formerly Schwab® Monthly Income Fund — Enhanced Payout) |
| |
SWKRX
|
|
| Schwab® Monthly Income Fund — Income Payout (formerly Schwab® Monthly Income Fund — Maximum Payout) |
| |
SWLRX
|
|
| Fund Summaries | | | | | | | |
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| Ticker Symbol: | | | | |
| | |||
| | | | |
of the value of your investment) | | |||
Management fees | | | | |
Distribution (12b-1) fees | | | | |
Other expenses | | | | |
Acquired fund fees and expenses (AFFE)(2) | | | | |
Total annual fund operating expenses(2) | | | | |
Less expense reduction | | | ( | |
Total annual fund operating expenses (including AFFE) after expense reduction(2)(3) | | | | |
| | | |||||||||||||||||||||
| 1 Year | | | 3 Years | | | 5 Years | | | 10 Years | | ||||||||||||
| | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | ||||||||||||||||||
| | | 1 Year | | | 5 Years | | | 10 Years | | |||||||||
Before taxes | | | | | | | | | | | | | | | | | |||
After taxes on distributions | | | | | | | | | | | | | | | | | |||
After taxes on distributions and sale of shares | | | | | | | | | | | | | | | | | |||
Comparative Indexes ( | | | | | | | | | | | | | | | | | | | |
S&P 500 Index | | | | | | | | | | | | | | | | | |||
Bloomberg US Aggregate Bond Index | | | | | ( | | | | | | | | | | | | | ||
Target Payout Composite Index(1) | | | | | | | | | | | | | | | | |
| Ticker Symbol: | | | | |
| | |||
| | | | |
of the value of your investment) | | |||
Management fees | | | | |
Distribution (12b-1) fees | | | | |
Other expenses | | | | |
Acquired fund fees and expenses (AFFE)(2) | | | | |
Total annual fund operating expenses(2) | | | | |
Less expense reduction | | | ( | |
Total annual fund operating expenses (including AFFE) after expense reduction(2)(3) | | | | |
| | | |||||||||||||||||||||
| 1 Year | | | 3 Years | | | 5 Years | | | 10 Years | | ||||||||||||
| | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | ||||||||||||||||||
| | | 1 Year | | | 5 Years | | | 10 Years | | |||||||||
Before taxes | | | | | | | | | | | | | | | | | |||
After taxes on distributions | | | | | | | | | | | | | | | | | |||
After taxes on distributions and sale of shares | | | | | | | | | | | | | | | | | |||
Comparative Indexes | | | | | | | | | | | | | | | | | | | |
S&P 500 Index | | | | | | | | | | | | | | | | | |||
Bloomberg US Aggregate Bond Index | | | | | ( | | | | | | | | | | | | | ||
Flexible Payout Composite Index(1) | | | | | | | | | | | | | | | | |
| Ticker Symbol: | | | | |
| | |||
| | | | |
of the value of your investment) | | |||
Management fees | | | | |
Distribution (12b-1) fees | | | | |
Other expenses | | | | |
Acquired fund fees and expenses (AFFE)(2) | | | | |
Total annual fund operating expenses(2) | | | | |
Less expense reduction | | | ( | |
Total annual fund operating expenses (including AFFE) after expense reduction(2)(3) | | | | |
| | | |||||||||||||||||||||
| 1 Year | | | 3 Years | | | 5 Years | | | 10 Years | | ||||||||||||
| | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | ||||||||||||||||||
| | | 1 Year | | | 5 Years | | | 10 Years | | |||||||||
Before taxes | | | | | | | | | | | | | | | | | |||
After taxes on distributions | | | | | | | | | | | | | | | | | |||
After taxes on distributions and sale of shares | | | | | | | | | | | | | | | | | |||
Comparative Indexes ( | | | | | | | | | | | | | | | | | | | |
S&P 500 Index | | | | | | | | | | | | | | | | | |||
Bloomberg US Aggregate Bond Index | | | | | ( | | | | | | | | | | | | | ||
Income Payout Composite Index(1) | | | | | | | | | | | | | | | | |
|
Schwab Monthly Income Fund – Target Payout:
|
| | The fund is designed to offer shareholders a targeted annual payout of approximately 5% during most market environments. | |
|
Schwab Monthly Income Fund – Flexible Payout:
|
| | The fund is designed to offer shareholders a targeted annual payout of 4-6% during most market environments and seeks to maximize annual payout while maintaining or growing the level of original investment over the long term. | |
|
Schwab Monthly Income Fund – Income Payout:
|
| | The fund is designed to offer shareholders an annual payout based on underlying fund yields and the market environment. The fund’s anticipated annual payout is expected to be 0-3% during a low interest rate environment, 3-5% during a normal interest rate environment, and 5+% during a high interest rate environment. | |
Fund
|
| |
Equity
|
| |
Fixed
Income |
| |
Cash and
Cash Equivalents |
|
Schwab Monthly Income Fund – Target Payout | | |
30-70%
|
| |
30-70%
|
| |
0-12%
|
|
Schwab Monthly Income Fund – Flexible Payout | | |
30-70%
|
| |
30-70%
|
| |
0-12%
|
|
Schwab Monthly Income Fund – Income Payout | | |
10-50%
|
| |
50-90%
|
| |
0-12%
|
|
| | | |
Targeted Annual Payout
|
|
| Schwab Monthly Income Fund – Target Payout | | |
5%
|
|
| Schwab Monthly Income Fund – Flexible Payout | | |
4-6%
|
|
| Schwab Monthly Income Fund – Income Payout | | |
3-5%
|
|
| | |
1/1/22–
6/30/22(1) |
| |
1/1/21–
12/31/21 |
| |
1/1/20–
12/31/20 |
| |
1/1/19–
12/31/19 |
| |
1/1/18–
12/31/18 |
| |
1/1/17–
12/31/17 |
| ||||||||||||||||||
Per-Share Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value at beginning of period | | | | $ | 11.99 | | | | | $ | 11.38 | | | | | $ | 11.09 | | | | | $ | 10.05 | | | | | $ | 11.09 | | | | | $ | 10.31 | | |
Income (loss) from investment operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income (loss)(2)
|
| | | | 0.10 | | | | | | 0.24 | | | | | | 0.21 | | | | | | 0.29 | | | | | | 0.23 | | | | | | 0.23 | | |
Net realized and unrealized gains (losses)
|
| | | | (1.70) | | | | | | 0.81 | | | | | | 0.36 | | | | | | 1.34 | | | | | | (0.92) | | | | | | 0.87 | | |
Total from investment operations
|
| | | | (1.60) | | | | | | 1.05 | | | | | | 0.57 | | | | | | 1.63 | | | | | | (0.69) | | | | | | 1.10 | | |
Less distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from net investment income
|
| | | | (0.09) | | | | | | (0.37) | | | | | | (0.21) | | | | | | (0.29) | | | | | | (0.24) | | | | | | (0.32) | | |
Distributions from net realized gains
|
| | | | - | | | | | | (0.07) | | | | | | (0.07) | | | | | | (0.30) | | | | | | (0.11) | | | | | | — | | |
Total distributions
|
| | | | (0.09) | | | | | | (0.44) | | | | | | (0.28) | | | | | | (0.59) | | | | | | (0.35) | | | | | | (0.32) | | |
Net asset value at end of period | | | | $ | 10.30 | | | | | $ | 11.99 | | | | | $ | 11.38 | | | | | $ | 11.09 | | | | | $ | 10.05 | | | | | $ | 11.09 | | |
Total return | | | | | (13.37%)(3) | | | | | | 9.23% | | | | | | 5.32% | | | | | | 16.41% | | | | | | (6.31%) | | | | | | 10.80% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to average net assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net operating expenses(4)
|
| | | | 0.00%(5) | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Gross operating expenses(4)
|
| | | | 0.17%(5) | | | | | | 0.18% | | | | | | 0.21% | | | | | | 0.24% | | | | | | 0.19% | | | | | | 0.20% | | |
Net investment income (loss)
|
| | | | 1.89%(5) | | | | | | 1.99% | | | | | | 1.93% | | | | | | 2.68% | | | | | | 2.17% | | | | | | 2.11% | | |
Portfolio turnover rate | | | | | 8%(2) | | | | | | 11% | | | | | | 30% | | | | | | 30% | | | | | | 20% | | | | | | 41%(6) | | |
Net assets, end of period (x 1,000) | | | | $ | 43,309 | | | | | $ | 53,397 | | | | | $ | 44,663 | | | | | $ | 46,606 | | | | | $ | 41,358 | | | | | $ | 48,554 | | |
| | |
1/1/22–
6/30/22(1) |
| |
1/1/21–
12/31/21 |
| |
1/1/20–
12/31/20 |
| |
1/1/19–
12/31/19 |
| |
1/1/18–
12/31/18 |
| |
1/1/17–
12/31/17 |
| ||||||||||||||||||
Per-Share Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value at beginning of period | | | | $ | 12.02 | | | | | $ | 11.82 | | | | | $ | 11.49 | | | | | $ | 10.58 | | | | | $ | 11.38 | | | | | $ | 10.81 | | |
Income (loss) from investment operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income (loss)(2)
|
| | | | 0.11 | | | | | | 0.24 | | | | | | 0.23 | | | | | | 0.31 | | | | | | 0.25 | | | | | | 0.24 | | |
Net realized and unrealized gains (losses)
|
| | | | (1.58) | | | | | | 0.44 | | | | | | 0.45 | | | | | | 1.13 | | | | | | (0.72) | | | | | | 0.64 | | |
Total from investment operations
|
| | | | (1.47) | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.44 | | | | | | (0.47) | | | | | | 0.88 | | |
Less distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from net investment income
|
| | | | (0.10) | | | | | | (0.34) | | | | | | (0.23) | | | | | | (0.31) | | | | | | (0.26) | | | | | | (0.31) | | |
Distributions from net realized gains
|
| | | | — | | | | | | (0.14) | | | | | | (0.12) | | | | | | (0.22) | | | | | | (0.07) | | | | | | — | | |
Total distributions
|
| | | | (0.10) | | | | | | (0.48) | | | | | | (0.35) | | | | | | (0.53) | | | | | | (0.33) | | | | | | (0.31) | | |
Net asset value at end of period | | | | $ | 10.45 | | | | | $ | 12.02 | | | | | $ | 11.82 | | | | | $ | 11.49 | | | | | $ | 10.58 | | | | | $ | 11.38 | | |
Total return | | | | | (12.29%)(3) | | | | | | 5.73% | | | | | | 6.11% | | | | | | 13.79% | | | | | | (4.20%) | | | | | | 8.19% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to average net assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net operating expenses(4)
|
| | | | 0.00%(5) | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Gross operating expenses(4)
|
| | | | 0.10%(5) | | | | | | 0.10% | | | | | | 0.12% | | | | | | 0.14% | | | | | | 0.12% | | | | | | 0.11% | | |
Net investment income (loss)
|
| | | | 1.98%(5) | | | | | | 1.99% | | | | | | 2.06% | | | | | | 2.75% | | | | | | 2.28% | | | | | | 2.14% | | |
Portfolio turnover rate | | | | | 5%(2) | | | | | | 20% | | | | | | 28% | | | | | | 31% | | | | | | 9% | | | | | | 50%(6) | | |
Net assets, end of period (x 1,000) | | | | $ | 77,379 | | | | | $ | 100,081 | | | | | $ | 89,691 | | | | | $ | 85,595 | | | | | $ | 76,552 | | | | | $ | 95,293 | | |
| | |
1/1/22–
6/30/22(1) |
| |
1/1/21–
12/31/21 |
| |
1/1/20–
12/31/20 |
| |
1/1/19–
12/31/19 |
| |
1/1/18–
12/31/18 |
| |
1/1/17–
12/31/17 |
| ||||||||||||||||||
Per-Share Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value at beginning of period | | | | $ | 10.72 | | | | | $ | 10.80 | | | | | $ | 10.33 | | | | | $ | 9.60 | | | | | $ | 10.15 | | | | | $ | 9.85 | | |
Income (loss) from investment operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income (loss)(2)
|
| | | | 0.10 | | | | | | 0.22 | | | | | | 0.23 | | | | | | 0.29 | | | | | | 0.24 | | | | | | 0.22 | | |
Net realized and unrealized gains (losses)
|
| | | | (1.31) | | | | | | 0.03 | | | | | | 0.47 | | | | | | 0.77 | | | | | | (0.48) | | | | | | 0.33 | | |
Total from investment operations
|
| | | | (1.21) | | | | | | 0.25 | | | | | | 0.70 | | | | | | 1.06 | | | | | | (0.24) | | | | | | 0.55 | | |
Less distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from net investment income
|
| | | | (0.09) | | | | | | (0.26) | | | | | | (0.22) | | | | | | (0.28) | | | | | | (0.24) | | | | | | (0.25) | | |
Distributions from net realized gains
|
| | | | — | | | | | | (0.07) | | | | | | (0.01) | | | | | | (0.05) | | | | | | (0.07) | | | | | | — | | |
Total distributions
|
| | | | (0.09) | | | | | | (0.33) | | | | | | (0.23) | | | | | | (0.33) | | | | | | (0.31) | | | | | | (0.25) | | |
Net asset value at end of period | | | | $ | 9.42 | | | | | $ | 10.72 | | | | | $ | 10.80 | | | | | $ | 10.33 | | | | | $ | 9.60 | | | | | $ | 10.15 | | |
Total return | | | | | (11.31%)(3) | | | | | | 2.33% | | | | | | 6.93% | | | | | | 11.18% | | | | | | (2.31%) | | | | | | 5.64% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to average net assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net operating expenses(4)
|
| | | | 0.00%(5) | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00%(6)(7) | | |
Gross operating expenses(4)
|
| | | | 0.10%(5) | | | | | | 0.11% | | | | | | 0.14% | | | | | | 0.23% | | | | | | 0.20% | | | | | | 0.20% | | |
Net investment income (loss)
|
| | | | 2.07%(5) | | | | | | 1.99% | | | | | | 2.17% | | | | | | 2.85% | | | | | | 2.42% | | | | | | 2.17% | | |
Portfolio turnover rate | | | | | 5%(3) | | | | | | 25% | | | | | | 23% | | | | | | 31% | | | | | | 11% | | | | | | 63%(8) | | |
Net assets, end of period (x 1,000) | | | | $ | 82,522 | | | | | $ | 112,619 | | | | | $ | 112,043 | | | | | $ | 62,526 | | | | | $ | 40,213 | | | | | $ | 48,475 | | |
Major Asset Class
|
| |
Sub-Asset Class
|
| | | | |
Schwab Monthly
Income Fund – Target Payout |
| |
Schwab Monthly
Income Fund – Flexible Payout |
| |
Schwab Monthly
Income Fund – Income Payout |
|
U.S. Stocks
|
| | Large-Cap | | | | | |
20%
|
| |
20%
|
| |
13%
|
|
International Stocks
|
| | Developed | | | | | |
20%
|
| |
20%
|
| |
11%
|
|
Global Real Estate
|
| | Global REITs | | | | | |
10%
|
| |
10%
|
| |
6%
|
|
Fixed Income
|
| | Intermediate-Term Bonds | | | | | |
20%
|
| |
20%
|
| |
35%
|
|
| | | Short-Term Bonds | | | | | |
0%
|
| |
0%
|
| |
8%
|
|
| | | Long-Term Government Bonds | | | | | |
7%
|
| |
7%
|
| |
6%
|
|
| | | High Yield Bonds | | | | | |
11%
|
| |
11%
|
| |
9%
|
|
| | | Floating Rate Loans | | | | | |
3%
|
| |
3%
|
| |
3%
|
|
| | | Preferred | | | | | |
7%
|
| |
7%
|
| |
7%
|
|
Cash and Cash Equivalents (including Money Market Funds)
|
| | | | | | | |
2%
|
| |
2%
|
| |
2%
|
|
| | | | | | | | |
100%
|
| |
100%
|
| |
100%
|
|
Asset Class & Underlying Fund
|
| |
Investment Objective and Principal Investment Strategy
|
|
EQUITY FUNDS | | |||
Schwab® Dividend Equity Fund
|
| | Seeks current income and capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in dividend paying common and preferred stock. The fund primarily invests in U.S. companies, but may invest up to 20% of its net assets in the stocks of publicly traded companies located in countries other than the United States. The fund may invest in companies of all sizes. | |
Schwab U.S. Dividend Equity ETF
|
| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100TM Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
EQUITY FUNDS – GLOBAL REAL ESTATE | | |||
Schwab® Global Real Estate Fund
|
| | Seeks capital growth and income consistent with prudent investment management. The fund invests, under normal circumstances, at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities of real estate companies and companies related to the real estate industry. The fund may invest a significant portion of its total assets in real estate investment trusts (REITs) and other similar REIT-like structures. The fund does not invest directly in real estate. | |
EQUITY FUNDS – INTERNATIONAL | | |||
Schwab® International Opportunities Fund (formerly, Laudus International MarketMasters FundTM) | | |
Seeks long-term capital appreciation. The fund normally invests a substantial amount of its assets in equity securities of companies outside the United States and typically focuses on developed markets, but may invest in companies from emerging markets as well. The fund expects to invest in companies across all market capitalization ranges.
|
|
Schwab International Dividend Equity ETF
|
| | The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of high dividend yielding stocks issued by companies outside the United States. It is the fund’s policy that under normal circumstances it will invest at least 80% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 20% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – INTERMEDIATE-TERM BOND | | |||
Schwab® U.S. Aggregate Bond Index Fund
|
| | The 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 the broad U.S. investment grade bond market. The fund generally invests in securities that are included in the Bloomberg US Aggregate Bond Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index, including TBA transactions, as defined in the fund’s prospectus. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
Asset Class & Underlying Fund
|
| |
Investment Objective and Principal Investment Strategy
|
|
Schwab 5-10 Year Corporate Bond ETF
|
| | The 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 the intermediate-term U.S. corporate bond market. The fund generally invests in securities that are included in the Bloomberg US 5-10 Year Corporate Bond Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – SHORT-TERM CORPORATE BOND | | | | |
Schwab 1-5 Year Corporate Bond ETF
|
| | The 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 the short-term U.S. corporate bond market. The fund generally invests in securities that are included in the Bloomberg US 1-5 Year Corporate Bond Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – LONG-TERM GOVERNMENT BOND | | | | |
Schwab Long-Term U.S. Treasury ETF
|
| | The 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 the long-term U.S. treasury bond market. The fund generally invests in securities that are included in the Bloomberg US Long Treasury Index. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index. Under normal circumstances, the fund may invest up to 10% of its net assets in securities not included in the index. | |
FIXED INCOME FUNDS – HIGH YIELD | | | | |
BlackRock High Yield Bond Portfolio
|
| |
Seeks to maximize total return, consistent with income generation and prudent investment management. The fund normally invests at least 80% of its assets in high yield bonds. The fund may invest up to 30% of its assets in nondollar denominated bonds of issuers located outside of the United States. The fund’s investment in nondollar denominated bonds may be on a currency hedged or unhedged basis. The Fund may also invest in convertible and preferred securities. Convertible debt securities will be counted toward the fund’s 80% policy to the extent they have characteristics similar to the securities included within that policy. To add additional diversification, the management team can invest in a wide range of securities including corporate bonds, mezzanine investments, collateralized bond obligations, bank loans and mortgage-backed and asset-backed securities. The fund und can also invest, to the extent consistent with its investment objective, in non-U.S. and emerging market securities and currencies. The fund may invest in securities of any rating, and may invest up to 10% of its assets (measured at the time of investment) in distressed securities that are in default or the issuers of which are in bankruptcy.
BlackRock is a registered trademark of BlackRock, Inc. or its subsidiaries (“BlackRock”). Neither BlackRock nor the BlackRock Funds make any representations regarding the advisability of investing in the BlackRock High Yield Bond Portfolio.
|
|
FIXED INCOME FUNDS – FLOATING RATE LOANS | | | | |
T. Rowe Price Institutional Floating Rate Fund
|
| | Seeks high current income and, secondarily, capital appreciation. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in floating rate loans and floating rate debt securities. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated loans and debt instruments (including instruments of issuers in emerging markets) in keeping with its investment objective(s). | |
Asset Class & Underlying Fund
|
| |
Investment Objective and Principal Investment Strategy
|
|
FIXED INCOME FUNDS – PREFERRED STOCK | | | | |
Cohen & Steers Preferred Securities and Income Fund, Inc.
|
| | Seeks total return (high current income and capital appreciation). Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; contingent capital securities; and securities of other open-end, closed-end or exchange-traded funds that invest primarily in preferred and/or debt securities. | |
MONEY MARKET FUNDS | | |||
Schwab® Government Money Fund
|
| | Seeks the highest current income consistent with stability of capital and liquidity. The fund will invest at least 99.5% of its total assets in cash, U.S. government securities and/or repurchase agreements that are collateralized fully by cash and/or U.S. government securities; under normal circumstances, at least 80% of the fund’s net assets (including, for this purpose, any borrowings for investment purposes) will be invested solely in U.S. government securities including repurchase agreements that are collateralized fully by U.S. government securities (excluding cash). | |
Schwab® Treasury Obligations Money Fund
|
| | Seeks current income consistent with stability of capital and liquidity. The fund will invest at least 99.5% of its total assets in cash, government securities and/or repurchase agreements that are collateralized fully by cash and/or government securities; under normal circumstances, at least 80% of the fund’s net assets (including, for this purpose, any borrowings for investment purposes) will be invested solely in U.S. Treasury obligations or repurchase agreements backed by such obligations (excluding cash). | |
Schwab® Variable Share Price Money Fund
|
| | Seeks current income consistent with stability of capital and liquidity. The fund invests in high-quality short-term money market investments issued by U.S. and foreign issuers. Unlike a traditional stable share price money market fund, the fund will not use the amortized cost method of valuation or round the per share net asset value (NAV) to the nearest whole cent and does not seek to maintain a stable share price. As a result, the fund’s share price, which is its NAV, will vary and reflect the effects of unrealized appreciation and depreciation and realized losses and gains. | |
| SEC File Number | | | | |
|
Schwab Capital Trust 811‑07704
|
| |
REG40716‑17
00277276 |
|
| Schwab® Monthly Income Fund – Target Payout (formerly Schwab® Monthly Income Fund — Moderate Payout) |
| |
SWJRX
|
|
| Schwab® Monthly Income Fund – Flexible Payout (formerly Schwab® Monthly Income Fund — Enhanced Payout) |
| |
SWKRX
|
|
| Schwab® Monthly Income Fund – Income Payout (formerly Schwab® Monthly Income Fund — Maximum Payout) |
| |
SWLRX
|
|
| | |
Page
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APPENDIX — PROXY VOTING POLICY | | | | | | | |
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(1)) |
| |
Principal Occupations
During the Past Five Years |
| |
Number of Portfolios
in Fund Complex Overseen by the Trustee |
| |
Other Directorships During
the Past Five Years |
|
|
INDEPENDENT TRUSTEES
|
| |||||||||
|
Robert W. Burns
1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) |
| | Retired/Private Investor. | | |
104
|
| | None | |
|
Nancy F. Heller
1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) |
| | Retired. | | |
104
|
| | None | |
|
David L. Mahoney
1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) |
| | Private Investor. | | |
104
|
| |
Director (2004‑present),
Corcept Therapeutics Incorporated
Director (2009‑2021),
Adamas Pharmaceuticals, Inc.
Director (2003‑2019),
Symantec Corporation |
|
|
Jane P. Moncreiff
1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) |
| | Consultant (2018-present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). | | |
104
|
| | None | |
|
Kiran M. Patel
1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) |
| | Retired. | | |
104
|
| |
Director (2008‑present),
KLA‑Tencor Corporation |
|
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(1)) |
| |
Principal Occupations
During the Past Five Years |
| |
Number of Portfolios
in Fund Complex Overseen by the Trustee |
| |
Other Directorships During
the Past Five Years |
|
|
Kimberly S. Patmore
1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) |
| | Consultant (2008-present), Patmore Management Consulting (management consulting). | | |
104
|
| | None | |
|
J. Derek Penn
1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) |
| | Head of Equity Sales and Trading (2006 - 2018), BNY Mellon (financial services). | | |
104
|
| | None | |
|
INTERESTED TRUSTEES
|
| |||||||||
|
Walter W. Bettinger II(2) 1960
Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) |
| | Co-Chairman of the Board (July 2022-present), Director and Chief Executive Officer (Oct. 2008-present) and President (Feb. 2007-Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008-Oct. 2021) and Director (May 2008-Oct. 2021), Charles Schwab & Co., Inc.; Director (Apr. 2006-present), Charles Schwab Bank, SSB; Director (Nov. 2017-present), Charles Schwab Premier Bank, SSB; Director (July 2019-present), Charles Schwab Trust Bank; Director (May 2008-present), Chief Executive Officer (Aug. 2017-present) and President (Aug. 2017-Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020-present), TD Ameritrade Holding Corporation; Director (July 2016-Oct. 2021), Charles Schwab Investment Management, Inc. | | |
104
|
| |
Director (2008‑present),
The Charles Schwab Corporation |
|
|
Joseph R. Martinetto(2)
1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) |
| | Managing Director (Jan. 2022-present), Chief Operating Officer (Feb. 2018-present) and Senior Executive Vice President (Feb. 2018-Apr. 2022), The Charles Schwab Corporation; Managing Director (May 2022-present) and Senior Executive Vice President (July 2015-May 2022), Charles Schwab & Co., Inc.; Director (May 2007-present), Charles Schwab & Co., Inc.; Director (Apr. 2010-Apr. 2020), Charles Schwab Bank, SSB; Director (Nov. 2017-Apr. 2020), Charles Schwab Premier Bank, SSB; Director (May 2007-present), Senior Executive Vice President (Feb. 2016-present) and Chief Financial Officer (Feb. 2016-Aug. 2017), Schwab Holdings, Inc; Director (Oct. 2020-present), TD Ameritrade Holding Corporation. | | |
104
|
| | None | |
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(3) ) |
| |
Principal Occupations During the Past Five Years
|
|
|
OFFICERS
|
| |||
|
Jonathan de St. Paer
1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) |
| | Director (Apr. 2019-present), President (Oct. 2018-present), Chief Operating Officer (Jan. 2021-present) and Chief Executive Officer (Apr. 2019-Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020-Mar. 2022) and Chief Operating Officer (Jan. 2021-Mar. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Apr. 2019-present), President (Nov. 2018-present) and Trustee (Apr. 2019-Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Director (Mar. 2019-Apr. 2022), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Managing Director (May 2022-present), Senior Vice President (Apr. 2019-May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014-Mar. 2019), Charles Schwab & Co., Inc. | |
|
Mark Fischer
1970 Treasurer, Chief Financial Officer, and Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) |
| | Treasurer, Chief Financial Officer (Jan. 2016-present) and Chief Operating Officer (Dec. 2020-present), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020-present) and Vice President (Oct. 2013-present), Charles Schwab Investment Management, Inc.; Director (July 2020-Apr. 2022), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited. | |
|
Omar Aguilar
1970 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) |
| | Chief Executive Officer (Jan. 2022-present), Chief Investment Officer (Apr. 2011-present) and Senior Vice President (Apr. 2011-Dec. 2021), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011-present), Schwab Funds, Laudus Trust and Schwab ETFs. | |
|
Brett Wander
1961 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) |
| | Senior Vice President and Chief Investment Officer (Apr. 2011-present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011-present), Schwab Funds, Laudus Trust and Schwab ETFs. | |
|
William P. McMahon, Jr.
1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) |
| | Senior Vice President and Chief Investment Officer (Jan. 2020-present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021-present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer - ThomasPartners Strategies (Apr. 2018-Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001-Apr. 2018), ThomasPartners, Inc. | |
|
Catherine MacGregor
1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) |
| | Chief Legal Officer (Mar. 2022-present) and Vice President (Sept. 2005-present), Charles Schwab Investment Management, Inc.; Managing Director (May 2022-present) and Vice President (July 2005-May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005-present) and Chief Legal Officer and Clerk (Mar. 2007-present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021-present), Vice President (Nov. 2005-Oct. 2021) and Assistant Secretary (June 2007-Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021-present), Vice President and Assistant Secretary (Oct. 2009-Oct. 2021), Schwab ETFs. | |
Name of Trustee
|
| |
Aggregate Compensation
from the Funds in this SAI |
| |
Pension or Retirement Benefits
Accrued as Part of Fund Expenses |
| |
Total Compensation from the Funds
and Fund Complex Paid to Trustees |
| ||||||
INTERESTED TRUSTEES
|
| |||||||||||||||
Walter W. Bettinger II | | | | | None | | | |
N/A
|
| | | | None | | |
Joseph R. Martinetto | | | | | None | | | |
N/A
|
| | | | None | | |
INDEPENDENT TRUSTEES
|
| |||||||||||||||
Robert W. Burns | | | | $ | 2,829 | | | |
N/A
|
| | | $ | 334,000 | | |
John F. Cogan (1) | | | | $ | 2,981 | | | |
N/A
|
| | | $ | 352,000 | | |
Nancy F. Heller | | | | $ | 2,811 | | | |
N/A
|
| | | $ | 332,000 | | |
David L. Mahoney | | | | $ | 2,829 | | | |
N/A
|
| | | $ | 334,000 | | |
Jane P. Moncreiff | | | | $ | 2,981 | | | |
N/A
|
| | | $ | 352,000 | | |
Kiran M. Patel | | | | $ | 2,963 | | | |
N/A
|
| | | $ | 350,000 | | |
Kimberly S. Patmore | | | | $ | 2,811 | | | |
N/A
|
| | | $ | 332,000 | | |
J. Derek Penn(2) | | | | $ | 1,639 | | | |
N/A
|
| | | $ | 192,500 | | |
Name of Trustee
|
| |
Dollar Range of Trustee Ownership of the Funds Included in the SAI
|
| |
Aggregate Dollar Range of
Trustee Ownership in the Family of Investment Companies |
| |||
INTERESTED TRUSTEES
|
| |||||||||
Walter W. Bettinger II | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
Joseph R. Martinetto | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
INDEPENDENT TRUSTEES
|
| |||||||||
Robert W. Burns | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
Nancy F. Heller | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
David L. Mahoney | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
Jane P. Moncreiff | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
Kiran M. Patel | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
Kimberly S. Patmore | | | | | | | | |
Over $100,000
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
J. Derek Penn(1)
|
| | | | | | | |
None
|
|
| | | Schwab Monthly Income Fund – Target Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Flexible Payout | | |
None
|
| | | |
| | | Schwab Monthly Income Fund – Income Payout | | |
None
|
| | | |
|
Fund
|
| |
Name and Address
|
| |
Percentage of
Ownership |
| ||||
Schwab Monthly Income Fund — Target Payout Fund | | |
Charles Schwab & Co., Inc.
FBO Customers Attn: Schwab Funds Team N 211 Main Street San Francisco, CA 94105‑1905 |
| | | | 91.00 | % | | |
Schwab Monthly Income Fund — Flexible Payout | | | Charles Schwab & Co., Inc. | | | | | 97.18 | % | | |
Schwab Monthly Income Fund — Income Payout | | | Charles Schwab & Co., Inc. | | | | | 96.68 | % | | |
| | |
Registered Investment Companies
(this amount does not include the funds in this SAI) |
| |
Other Pooled Investment Vehicles
|
| |
Other Accounts
|
| |||||||||||||||||||||||||||
Name
|
| |
Number of Accounts
|
| |
Total Assets
|
| |
Number of Accounts
|
| |
Total Assets
|
| |
Number of Accounts
|
| |
Total Assets
|
| ||||||||||||||||||
Zifan Tang | | | | | 32 | | | | | $ | 13,651,599,654 | | | | | | 0 | | | | | $ | 0 | | | | | | 0 | | | | | $ | 0 | | |
Drew Hayes(1)
|
| | | | 32 | | | | | $ | 12,948,717,719 | | | | | | 0 | | | | | $ | 0 | | | | | | 0 | | | | | $ | 0 | | |
Patrick Kwok
|
| | | | 32 | | | | | $ | 13,651,599,654 | | | | | | 0 | | | | | $ | 0 | | | | | | 0 | | | | | $ | 0 | | |
Fund
|
| |
2021
|
| |
2020
|
| |||||||
Schwab Monthly Income Fund – Target Payout | | | | | 11% | | | | | | 30 | % | | |
Schwab Monthly Income Fund – Flexible Payout | | | | | 20% | | | | | | 28 | % | | |
Schwab Monthly Income Fund – Income Payout | | | | | 25% | | | | | | 23 | % | | |
Fund
|
| |
Regular Broker-Dealer
|
| |
Value of Holdings
|
| |||
Schwab Monthly Income Fund –
Target Payout |
| | None | | | | | N/A | | |
Schwab Monthly Income Fund –
Flexible Payout |
| | None | | | | | N/A | | |
Schwab Monthly Income Fund –
Income Payout |
| | None | | | | | N/A | | |
|
The Charles Schwab Family of Funds
Schwab Investments
Schwab Capital Trust
Schwab Annuity Portfolios
Laudus Trust
Schwab Strategic Trust
|
|
|
Charles Schwab Investment Management, Inc.
|
|
| (p)(v) | | | |
| EX-101 | | | Inline Interactive Data File - the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | |
| EX-101.INS | | | XBRL Taxonomy Instance Document | |
| EX-101.SCH | | | XBRL Taxonomy Schema Document | |
| EX-101.CAL | | | XBRL Taxonomy Calculation Linkbase Document | |
| EX-101.DEF | | | XBRL Taxonomy Definition Linkbase Document | |
| EX-101.LAB | | | XBRL Taxonomy Label Linkbase Document | |
| EX-101.PRE | | | XBRL Taxonomy Presentation Linkbase Document | |
Name and Position with Adviser
|
| |
Name of Other Company
|
| |
Capacity
|
|
Peter B. Crawford, Director | | | The Charles Schwab Corporation | | | Managing Director and Chief Financial Officer | |
| | | Charles Schwab & Co., Inc. | | | Director, Managing Director and Chief Financial Officer | |
| | | TD Ameritrade Holding Corporation | | | Director | |
| | | Schwab Holdings, Inc. | | | Director, Executive Vice President and Chief Financial Officer | |
| | | Charles Schwab Global Holdings, Inc. | | |
Executive Vice President and Chief Financial Officer
|
|
| | | Performance Technologies, Inc. | | |
Executive Vice President and Chief Financial Officer
|
|
| | | Schwab (SIS) Holdings, Inc. I | | |
Executive Vice President and Chief Financial Officer
|
|
| | | Schwab Technology Holdings, Inc. | | |
Executive Vice President and Chief Financial Officer
|
|
Richard A. Wurster, Director | | | The Charles Schwab Corporation | | | President | |
| | | Schwab Holdings, Inc. | | | President | |
| | | Charles Schwab & Co., Inc. | | | Director and President | |
| | | Charles Schwab Investment Advisory, Inc. | | | Director, Chief Executive Officer and President | |
Omar Aguilar, Chief Executive Officer and Chief Investment Officer
|
| |
Schwab Funds
|
| |
Vice President and Chief Investment Officer
|
|
| Laudus Trust | | | Vice President and Chief Investment Officer | | ||
| | | Schwab ETFs | | | Vice President and Chief Investment Officer | |
Jonathan de St. Paer, Director, President and Chief Operating Officer
|
| |
Charles Schwab & Co., Inc.
|
| |
Managing Director
|
|
| Schwab Funds | | | President and Chief Executive Officer | | ||
| Laudus Trust | | | President and Chief Executive Officer | | ||
| | | Schwab ETFs | | | President and Chief Executive Officer | |
| | | Charles Schwab Worldwide Funds, plc | | | Director | |
| | | Charles Schwab Asset Management (Ireland) Limited | | | Director | |
| | | Financial Passport, Inc. | | | Director and President | |
| | | TD Ameritrade Investment Management, LLC | | | Manager | |
Brett Wander, Senior Vice President and Chief Investment Officer
|
| |
Schwab Funds
|
| |
Vice President and Chief Investment Officer
|
|
| Laudus Trust | | | Vice President and Chief Investment Officer | | ||
| | | Schwab ETFs | | | Vice President and Chief Investment Officer | |
William P. McMahon, Jr., Senior Vice President and Chief Investment Officer
|
| |
Schwab Funds
|
| |
Vice President and Chief Investment Officer
|
|
| Laudus Trust | | | Vice President and Chief Investment Officer | | ||
| | | Schwab ETFs | | | Vice President and Chief Investment Officer | |
Michael Hogan, Senior Vice President and Chief Compliance Officer
|
| |
Schwab Funds
|
| |
Chief Compliance Officer
|
|
| Schwab ETFs | | | Chief Compliance Officer | | ||
| Laudus Trust | | | Chief Compliance Officer | | ||
| | | Charles Schwab & Co., Inc. | | | Managing Director and Chief Compliance Officer – Asset Management Compliance | |
| | | TD Ameritrade Investment Management, LLC | | |
Senior Vice President and Chief Compliance Officer
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Name and Position with Adviser
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Name of Other Company
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Capacity
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Mark D. Fischer, Vice President and Chief Financial Officer
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Schwab Funds
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Treasurer, Chief Financial Officer and Chief Operating Officer
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| Laudus Trust | | | Treasurer, Chief Financial Officer and Chief Operating Officer | | ||
| | | Schwab ETFs | | | Treasurer, Chief Financial Officer and Chief Operating Officer | |
| | | Charles Schwab Worldwide Funds, plc | | | Director | |
| | | Charles Schwab Asset Management (Ireland) Limited | | | Director | |
Catherine MacGregor, Vice President and Chief Legal Officer | | | Charles Schwab & Co., Inc. | | | Managing Director | |
| | | Schwab Funds | | | Secretary and Chief Legal Officer | |
| | | Laudus Trust | | | Vice President, Chief Legal Officer and Clerk | |
| | | Schwab ETFs | | | Secretary and Chief Legal Officer | |
Name
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Position and Offices with the Underwriter
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Position and Offices with the Registrant
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Richard A. Wurster | | | President and Director | | | None | |
Steven H. Anderson | | | Managing Director | | | None | |
Catherine M. Casey | | | Managing Director and Head of Human Resources | | | None | |
Jason C. Clague | | | Managing Director and Head of Operations | | | None | |
Bernard J. Clark | | | Managing Director and Head of Advisor Services | | | None | |
Jonathan M. Craig | | | Managing Director and Head of Investor Services and Marketing | | | None | |
Peter B. Crawford | | | Managing Director, Chief Financial Officer and Director | | | None | |
Catherine Golladay | | |
Managing Director and Head of Workplace Services
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| | None | |
Neesha K. Hathi | | | Managing Director and Chief Digital Officer | | | None | |
Timothy C. Heier | | | Managing Director and Chief Technology Officer | | | None | |
Dennis W. Howard | | | Managing Director and Chief Information Officer | | | None | |
Lisa Kidd Hunt | | | Managing Director and Head of International Services | | | None | |
Mitchell N. Mantua | | | Managing Director and General Auditor | | | None | |
Joseph R. Martinetto | | | Managing Director, Chief Operating Officer and Director | | | Trustee | |
Peter J. Morgan III | | | Managing Director, General Counsel and Corporate Secretary | | | None | |
Nigel J. Murtagh | | | Managing Director and Chief Risk Officer | | | None | |
| | |
SCHWAB CAPITAL TRUST
Registrant |
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| | |
Jonathan de St. Paer*
Jonathan de St. Paer, President and Chief Executive Officer
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Signature
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| | | | |
Title
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Walter W. Bettinger II*
Walter W. Bettinger II
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| | | | | Chairman and Trustee | |
Joseph R. Martinetto*
Joseph R. Martinetto
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| | | | | Trustee | |
Robert W. Burns*
Robert W. Burns
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| | | | | Trustee | |
Nancy F. Heller*
Nancy F. Heller
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| | | | | Trustee | |
David L. Mahoney*
David L. Mahoney
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| | | | | Trustee | |
Jane P. Moncreiff*
Jane P. Moncreiff
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| | | | | Trustee | |
Kiran M. Patel*
Kiran M. Patel
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| | | | | Trustee | |
Kimberly S. Patmore*
Kimberly S. Patmore
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| | | | | Trustee | |
J. Derek Penn*
J. Derek Penn
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| | | | | Trustee | |
Mark D. Fischer*
Mark D. Fischer
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| | | | | Treasurer and Chief Financial Officer | |
| *By: | | |
/s/ Douglas P. Dick
Douglas P. Dick, Attorney‑in‑Fact
Pursuant to Power of Attorney |
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