Form NPORT-P SCHWAB ANNUITY PORTFOLIO For: Mar 31

May 24, 2022 1:56 PM EDT

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      SCHWAB ANNUITY PORTFOLIOS
      811-08314
      0000918266
      549300C4LESHT5MKCS58
      211 MAIN STREET
      SAN FRANCISCO
      
      94105
      800-648-5300
      Schwab VIT Balanced Portfolio
      S000036326
      549300EDFC6HOW1YP226
      2022-12-31
      2022-03-31
      N
    
    
      87800729.94
      57752.25
      87742977.69
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      N
      
        
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Schwab Emerging Markets Equity ETF
        549300BX5O2DW26SGM55
        Schwab Emerging Markets Equity ETF
        808524706
        
          
        
        152152.00000000
        NS
        USD
        4225261.04000000
        4.815497662876
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab U.S. Aggregate Bond ETF
        549300EMR2FMUC3JFN76
        Schwab U.S. Aggregate Bond ETF
        808524839
        
          
        
        615881.00000000
        NS
        USD
        31145102.17000000
        35.49583452710
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BBH Cash Management Sweep Vehicle
        N/A
        TIME DEPOSITS
        000000000
        
          
        
        1040037.48000000
        NS
        USD
        1040037.48000000
        1.185322754459
        Long
        STIV
        
        US
        N
        
        2
        
          N
          N
          N
        
      
      
        Schwab U.S. REIT ETF
        549300OLDKO120DR6467
        Schwab U.S. REIT ETF
        808524847
        
          
        
        225958.00000000
        NS
        USD
        5624094.62000000
        6.409737585918
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab U.S. Small-Cap ETF
        5493003UKSEZNILT8D61
        Schwab U.S. Small-Cap ETF
        808524607
        
          
        
        75266.00000000
        NS
        USD
        3564597.76000000
        4.062544780043
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab Short-Term U.S. Treasury ETF
        5493005SHO0WH9C7RN69
        Schwab Short-Term U.S. Treasury ETF
        808524862
        
          
        
        157106.00000000
        NS
        USD
        7783031.24000000
        8.870261125053
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab International Equity ETF
        5493003PP4X6ZGIBL520
        Schwab International Equity ETF
        808524805
        
          
        
        264782.00000000
        NS
        USD
        9722795.04000000
        11.08099507900
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab U.S. Large-Cap ETF
        549300D3593FFQX1M411
        Schwab U.S. Large-Cap ETF
        808524201
        
          
        
        320931.00000000
        NS
        USD
        17282134.35000000
        19.69631622379
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab U.S. TIPS ETF
        5493001H0ESLTZTZWE77
        Schwab U.S. TIPS ETF
        808524870
        
          
        
        53099.00000000
        NS
        USD
        3223640.29000000
        3.673958161517
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab International Small-Cap Equity ETF
        549300WKPJ36EQS9LQ80
        Schwab International Small-Cap Equity ETF
        808524888
        
          
        
        47071.00000000
        NS
        USD
        1787285.87000000
        2.036956024349
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schwab Variable Share Price Money Fund
        5493007W93Q67BM3O338
        Schwab Variable Share Price Money Fund
        808515597
        
          
        
        2402471.90400000
        NS
        USD
        2402471.90000000
        2.738078833485
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-29
      SCHWAB ANNUITY PORTFOLIOS
      Mark Fischer
      Mark Fischer
      CFO
    
  
  XXXX



Schwab Annuity Portfolios
Schwab VIT Balanced Portfolio

Portfolio Holdings as of March 31, 2022 (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.    
 
SECURITY NUMBER
OF SHARES
VALUE ($)
AFFILIATED UNDERLYING FUNDS 98.8% OF NET ASSETS
 
U.S. Stocks 23.0%
Large-Cap 19.0%
Schwab U.S. Large-Cap ETF 310,093 16,698,508
Small-Cap 4.0%
Schwab U.S. Small-Cap ETF 73,959 3,502,698
    20,201,206
 
International Stocks 18.0%
Developed Markets 13.0%
Schwab International Equity ETF 262,859 9,652,182
Schwab International Small-Cap Equity ETF 47,071 1,787,286
    11,439,468
Emerging Markets 5.0%
Schwab Emerging Markets Equity ETF 156,754 4,353,059
    15,792,527
 
Real Estate 6.0%
U.S. REITs 6.0%
Schwab U.S. REIT ETF 212,506 5,289,274
 
Fixed Income 49.0%
Inflation-Protected Bond 3.7%
Schwab U.S. TIPS ETF 53,099 3,223,641
Intermediate-Term Bond 36.3%
Schwab U.S. Aggregate Bond ETF 630,153 31,866,837
Treasury Bond 9.0%
Schwab Short-Term U.S. Treasury ETF 159,752 7,914,114
    43,004,592
 
SECURITY NUMBER
OF SHARES
VALUE ($)
Money Market Funds 2.8%
Schwab Variable Share Price Money Fund, Ultra Shares 0.20% (a) 2,402,472 2,402,472
Total Affiliated Underlying Funds
(Cost $71,906,880)
86,690,071
    
ISSUER FACE
AMOUNT ($)
VALUE ($)
SHORT-TERM INVESTMENTS 1.2% OF NET ASSETS
 
Time Deposits 1.2%
Royal Bank of Canada
0.15%, 04/01/22 (b) 883,815 883,815
Skandinaviska Enskilda Banken AB
0.15%, 04/01/22 (b) 156,227 156,227
Total Short-Term Investments
(Cost $1,040,042)
1,040,042
Total Investments in Securities
(Cost $72,946,922)
87,730,113
    
(a) The rate shown is the 7-day yield.
(b) The rate shown is the current daily overnight rate.
    
ETF — Exchange traded fund
REIT — Real Estate Investment Trust
TIPS — Treasury Inflation Protected Securities
 
1

 

Schwab VIT Balanced Portfolio
Portfolio Holdings (Unaudited) continued

Below is a summary of the fund’s transactions with its affiliated underlying funds during the period ended March 31, 2022:
  VALUE AT
12/31/21
PURCHASES SALES REALIZED
GAINS (LOSSES)
NET CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION)
VALUE AT
3/31/22
BALANCE
OF SHARES
HELD AT
3/31/22
DISTRIBUTIONS
RECEIVED*
AFFILIATED UNDERLYING FUNDS 98.8% OF NET ASSETS
 
 
U.S. Stocks 23.0%
Large-Cap 19.0%
Schwab U.S. Large-Cap ETF $17,744,083 $1,118,441 ($1,217,711) $41,412 ($987,717) $16,698,508 310,093 $48,219
Small-Cap 4.0%
Schwab U.S. Small-Cap ETF 3,732,787 247,762 (202,627) (15,365) (259,859) 3,502,698 73,959 5,088
            20,201,206    
 
 
International Stocks 18.0%
Developed Markets 13.0%
Schwab International Equity ETF 10,229,845 607,279 (618,118) (40,367) (526,457) 9,652,182 262,859
Schwab International Small-Cap Equity ETF 1,865,262 137,407 (81,839) (4,767) (128,777) 1,787,286 47,071
            11,439,468    
Emerging Markets 5.0%
Schwab Emerging Markets Equity ETF 4,572,025 374,010 (311,062) (20,341) (261,573) 4,353,059 156,754
            15,792,527    
 
 
Real Estate 6.0%
U.S. REITs 6.0%
Schwab U.S. REIT ETF 5,680,561 339,662 (428,191) 27,027 (329,785) 5,289,274 212,506 7,773
 
 
Fixed Income 49.0%
Inflation-Protected Bond 3.7%
Schwab U.S. TIPS ETF 3,402,978 108,574 (170,459) (3,509) (113,943) 3,223,641 53,099 13,137
Intermediate-Term Bond 36.3%
Schwab U.S. Aggregate Bond ETF 33,519,116 2,341,902 (1,904,948) (108,241) (1,980,992) 31,866,837 630,153 119,911
Treasury Bond 9.0%
Schwab Short-Term U.S. Treasury ETF 8,325,874 479,124 (677,496) (16,041) (197,347) 7,914,114 159,752 5,236
            43,004,592    
 
 
Money Market Funds 2.8%
Schwab Variable Share Price Money Fund, Ultra Shares 2,403,051 142 (721) 2,402,472 2,402,472 312
Total Affiliated Underlying Funds $91,475,582 $5,754,303 ($5,612,451) ($140,192) ($4,787,171) $86,690,071   $199,676
    
* Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds.
2

 

Schwab VIT Balanced Portfolio
Portfolio Holdings (Unaudited) continued

The following is a summary of the inputs used to value the fund’s investments as of March 31, 2022:
DESCRIPTION QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
TOTAL
Assets        
Affiliated Underlying Funds1 $86,690,071 $— $— $86,690,071
Short-Term Investments1 1,040,042 1,040,042
Total $86,690,071 $1,040,042 $— $87,730,113
    
1 As categorized in the Portfolio Holdings.
Fund investments in mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.
3

 

Schwab VIT Balanced Portfolio
Notes to Portfolio Holdings (Unaudited)

Under procedures approved by the fund’s Board of Trustees (the Board), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:
•  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.
•   Mutual funds: Mutual funds are valued at their respective net asset values (NAVs).
•  Cash management sweep time deposits: Balances held in cash management sweep time deposits are accounted for on a cost basis, which approximates fair value.
•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, the fund may fair value a security when it is 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. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques 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. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. 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. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.
In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the significant inputs to valuation techniques 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 the fund determines 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 management judgment will be required to estimate fair value.
The three levels of the fair value hierarchy are as follows:
•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities, mutual funds and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, which are classified as Level 1 prices, without consideration to the classification level of the underlying securities held by an underlying fund.
•  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 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.
•  Level 3 — significant unobservable inputs (including the fund’s own 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 available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund 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 by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.
4

 

Schwab VIT Balanced Portfolio
Notes to Portfolio Holdings (Unaudited) (continued)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
REG68012MAR22
5


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