0001193125-19-236256.txt : 20190903 0001193125-19-236256.hdr.sgml : 20190903 20190903130809 ACCESSION NUMBER: 0001193125-19-236256 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 36 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190903 DATE AS OF CHANGE: 20190903 EFFECTIVENESS DATE: 20190903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWAB ANNUITY PORTFOLIOS CENTRAL INDEX KEY: 0000918266 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08314 FILM NUMBER: 191071584 BUSINESS ADDRESS: STREET 1: 211 MAIN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 1-415-667-7000 MAIL ADDRESS: STREET 1: 211 MAIN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 0000918266 S000006545 Schwab Government Money Market Portfolio C000017880 Schwab Government Money Market Portfolio SWPXX 0000918266 S000006547 Schwab S&P 500 Index Portfolio C000017882 Schwab S&P 500 Index Portfolio SWP1Z 0000918266 S000036326 Schwab VIT Balanced Portfolio C000111125 Schwab VIT Balanced Portfolio SWB1Z 0000918266 S000036327 Schwab VIT Balanced with Growth Portfolio C000111126 Schwab VIT Balanced with Growth Portfolio SWC1Z 0000918266 S000036328 Schwab VIT Growth Portfolio C000111127 Schwab VIT Growth Portfolio SWG1Z N-CSRS 1 d710493dncsrs.htm N-CSRS N-CSRS

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSRS

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-8314

 

 

Schwab Annuity Portfolios

(Exact name of registrant as specified in charter)

 

 

 

211 Main Street, San Francisco, California   94105
(Address of principal executive offices)   (Zip code)

 

 

Jonathan de St. Paer

Schwab Annuity Portfolios

211 Main Street, San Francisco, California 94105

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: (415) 636-7000

Date of fiscal year end: December 31

Date of reporting period: June 30, 2019

 

 

 

Item 1: Report(s) to Shareholders.

Semiannual Report  |  June 30, 2019
Schwab Government Money Market Portfolio

 

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 Fund’s website at www.schwabfunds.com/schwabfunds_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 Schwab’s website at www.schwabfunds.com/schwabfunds_prospectus or the SEC’s website at www.sec.gov.
Investment Adviser: Charles Schwab Investment Management, Inc. (CSIM)

 

Schwab Government Money Market Portfolio
Portfolio Management
Linda Klingman, Vice President and Head of Money Market Strategies, leads the portfolio management team of Schwab’s money market funds. Ms. Klingman also has overall responsibility for all aspects of the management of the fund. Prior to joining CSIM in 1990, Ms. Klingman was a senior money market trader with AIM Management. She has managed money market funds since 1988.
    
Lynn Paschen, Senior Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2011, Ms. Paschen held a number of positions at American Century Investments. She most recently was a portfolio manager and, from 2000 to 2003, worked as a fixed income trader. She has managed money market funds since 2003.
    
Nicole Perret-Gentil, Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2016, Ms. Perret-Gentil worked at Freddie Mac for 15 years, most recently as a senior portfolio manager where she managed and executed trades for a fixed income strategy. Prior to that role, she served as a portfolio manager performing fixed income analysis, a senior research analyst for investor and dealer relations, a senior securities operations analyst in loan and securities operations, and a lead mortgage securities operations specialist. She also worked at Merrill Lynch for a year as a senior specialist in fixed income global banking and investments.
2
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
The Schwab Government Money Market Portfolio (the fund) seeks the highest current income consistent with stability of capital and liquidity. To pursue its goal, the fund invests in U.S. government securities such as U.S. Treasury bills and notes, other obligations that are issued by the U.S. government, its agencies, or instrumentalities, repurchase agreements, and obligations that are issued by private issuers that are guaranteed as to principal or interest by the U.S. government, its agencies, or instrumentalities. 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, investing at least 80% of the fund’s net assets (including, for this purpose, any borrowings for investment purposes) in U.S. government securities, including repurchase agreements that are collateralized fully by U.S. government securities (excluding cash). For more information concerning the fund’s investment objective, strategy, and risks, please see the fund’s prospectus.
Market Highlights. During the six-month reporting period ended June 30, 2019, demand for taxable money market funds rose, aided in part by attractive U.S. short-term bond yields relative to bank deposits, an inverted yield curve, and volatility in financial markets. Following four 0.25% rate hikes in 2018, the Federal Reserve (Fed) held rates steady at its meetings in January, March, May, and June 2019. With the Fed having declared its intent to remain “patient” earlier in the reporting period, by June markets began to expect possible rate cuts later in 2019 due to increased uncertainties regarding the global economic outlook and the Fed’s intent to monitor incoming information in order to sustain U.S. economic expansion. The federal funds rate ended the reporting period in a target range of 2.25% to 2.50%. Equity markets recovered from December’s sell-off, with major market indices achieving multiple record highs during the period despite ongoing trade tensions and signs of slowing global growth.
Trade tensions, global growth fears, and expectations for policy easing steered investors to less-risky assets, driving a rally in the bond market during the reporting period and pushing yields lower. (Bond yields and bond prices move in opposite directions.) The U.S. bond yield curve flattened and subsequently certain parts of the yield curve inverted as short-term yields exceeded long-term yields, raising recession concerns. The yield on the 3-month Treasury bill, which typically responds to changes in the federal funds rate, fell from 2.45% at the outset of the reporting period to 2.12% at its close.* Longer-term yields, which are generally driven by inflation expectations and growth forecasts, also declined with the 10-year Treasury yield falling from 2.69% to 2.00% over the reporting period.*
Outside the U.S., most central banks maintained accommodative monetary policies. The European Central Bank has held interest rates unchanged since early 2016 and in June announced that it would likely maintain those rates through mid-2020. Also in June, the Bank of Japan upheld its short-term interest rate target of –0.1%, also unchanged since 2016, and maintained its pledge to keep interest rates extremely low for an extended period. The Bank of England held its key interest rate steady at 0.75% at its June meeting and warned that it expected growth to be flat in the second quarter of 2019 due to global trade tensions and the perceived likelihood of a no-deal Brexit.
Performance, Positioning, and Strategies. Throughout the reporting period, the fund’s investment adviser remained focused on liquidity and stability of capital as market conditions evolved. In response to the Fed holding short-term interest rates steady and the possibility of rate cuts later in 2019, the fund’s weighted average maturity (WAM) increased, beginning the reporting period at 13 days and ending at 41 days.    
 
* Data source for yields: U.S. Department of the Treasury
   
 
Portfolio Composition By Effective Maturity % of Investments1
Portfolio Composition by Security Type % of Investments3
 
    
Statistics
Weighted Average Maturity2 41 Days
Management views and portfolio holdings may have changed since the report date.
1 Maturity shown is the date the interest rate on those securities is reset, or the date those securities can be redeemed through demand.
2 Money funds must maintain a dollar-weighted average maturity of no longer than 60 days and cannot invest in any security whose effective maturity is longer than 397 days (approximately 13 months).
3 The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.
4 Less than 0.05%
3
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Performance and Fund Facts as of June 30, 2019
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than performance data quoted. To obtain more current performance information, please visit www.schwabfunds.com/schwabfunds_prospectus.    
 
Seven-Day Average Yield Trend for Previous 12 Months
 
Seven-Day Yields1
The seven-day yield is the income generated by the fund’s holdings minus the fund’s operating expenses. The seven-day yields are calculated using standard SEC formulas. The effective yield includes the effect of reinvesting daily dividends. Please remember that money market fund yields fluctuate.
  Schwab Government Money Market Portfolio
Ticker Symbol SWPXX
Seven-Day Yield (with waivers)2 2.09%
Seven-Day Yield (without waivers)2 1.99%
Seven-Day Effective Yield (with waivers)2 2.11%
    
You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
1 Fund yields do not reflect the additional fees and expenses imposed by the insurance company under the variable insurance product contract. If those contract fees and expenses were included, the yields would be less than those shown. Please refer to the variable insurance product prospectus for a complete listing of these expenses.
2 The Seven-Day Yield (with waivers) is the average income paid out over the previous seven days assuming interest income is not reinvested and it reflects the effect of any applicable waivers. Absent such waivers, the fund’s yield would have been lower. The Seven-Day Yield (without waivers) is the yield without the effect of any applicable waivers. The Seven-Day Effective Yield is the yield with waivers assuming that all interest income is reinvested in additional shares of the fund. For additional details, see financial note 4.
4
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, transfer agent fees, and other fund expenses.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in the fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning January 1, 2019 and held through June 30, 2019.
The Actual Return line in the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number given for the fund under the heading entitled “Expenses Paid During Period.”
The Hypothetical Return line in the table below provides information about hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
  Expense Ratio
(Annualized)1 		Beginning
Account Value
at 1/1/19 		Ending
Account Value
(Net of Expenses)
at 6/30/19 		Expenses Paid
During Period
1/1/19-6/30/192
Schwab Government Money Market Portfolio        
Actual Return 0.35% $1,000.00 $1,010.50 $1.74
Hypothetical 5% Return 0.35% $1,000.00 $1,023.06 $1.76
    
1 Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights.
2 Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days of the period, and divided by the 365 days of the fiscal year.
5
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Financial Statements
Financial Highlights
  1/1/19–
6/30/19* 		1/1/18–
12/31/18 		1/1/17–
12/31/17 		1/1/16–
12/31/16 		1/1/15–
12/31/15 		1/1/14–
12/31/14
Per-Share Data
Net asset value at beginning of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Income (loss) from investment operations:            
Net investment income (loss) 0.01 1 0.02 1 0.00 1,2 0.00 1,2 0.00 1,2 0.00 2
Net realized and unrealized gains (losses) 0.00 2 (0.00) 2 0.00 2 0.00 2 (0.00) 2,3 0.00 2
Total from investment operations 0.01 0.02 0.00 2 0.00 2 0.00 2 0.00 2
Less distributions:            
Distributions from net investment income (0.01) (0.02) (0.00) 2 (0.00) 2 (0.00) 2 (0.00) 2
Net asset value at end of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Total return 1.05% 4 1.52% 0.45% 0.01% 0.01% 0.01%
Ratios/Supplemental Data
Ratios to average net assets:            
Net operating expenses 0.35% 5 0.35% 0.46% 6 0.37% 7 0.12% 7 0.07% 7
Gross operating expenses 0.47% 5 0.48% 0.50% 0.49% 0.54% 0.49%
Net investment income (loss) 2.11% 5 1.55% 0.44% 0.01% 0.01% 0.01%
Net assets, end of period (x 1,000,000) $149 $138 $95 $106 $116 $117
 
* Unaudited.
1
Calculated based on the average shares outstanding during the period.
2
Per-share amount was less than $0.005.
3
The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of fund transactions in relation to fluctuating market values.
4
Not annualized.
5
Annualized.
6
Effective October 3, 2017, the contractual expense limitation changed. The ratio presented for period ended December 31, 2017 is a blended ratio.
7
Reflects the effect of a voluntary yield waiver in excess of the contractual expense limitation.
6
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited)
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarter of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at www.sec.gov. Effective August 1, 2019, the fund is no longer required to file Form N-Q. The fund also files a complete schedule of portfolio holdings with the SEC monthly on Form N-MFP which is available immediately upon filing. The fund also makes available its complete schedule of portfolio holdings 5 business days after month end on the fund’s website at www.schwabfunds.com/schwabfunds_prospectus along with a link to the fund’s Form N-MFP filings on the SEC’s website.
For fixed-rate obligations and repurchase agreements, the rate shown is the coupon rate (the rate established when the obligation was issued) and if the coupon rate is not available, the effective yield at the time of purchase is shown. For variable-rate obligations, the rate shown is the interest rate as of the report date based on each security’s rate reset date. The reference rate and spread used is shown parenthetically in the security description, if available; if not, the reference rate is described in a footnote. The date shown in the maturity date column below is either the date on which the principal amount must be paid or the date payment must be made pursuant to a demand feature. If the security’s structure includes one of a number of maturity-shortening provisions set forth in Rule 2a-7, such as an interest rate reset, demand feature or put feature, the effective maturity date is also disclosed. If the effective maturity and maturity date are the same, the date will only appear in the maturity date column.
Issuer Footnotes Rate Effective
Maturity 		  Maturity
Date 		  Face
Amount ($) 		  Value ($)  
Fixed-Rate Obligations 35.5% of net assets        
U.S. Government Agency Debt 33.0%        
FEDERAL FARM CREDIT BANKS FUNDING CORP   2.58%     07/03/19   100,000   99,986  
    2.59%     07/03/19   100,000   99,986  
    2.47%     07/31/19   232,000   231,526  
    2.48%     08/12/19   200,000   199,426  
    2.48%     09/03/19   800,000   796,508  
    2.47%     10/01/19   415,000   412,412  
    2.43%     11/04/19   249,000   246,908  
    2.13%     11/27/19   100,000   99,127  
    2.49%     11/27/19   305,000   301,907  
    2.15%     12/06/19   300,000   297,195  
    2.49%     12/13/19   350,000   346,070  
FEDERAL HOME LOAN BANKS   2.54%     07/01/19   118,000   118,000  
    2.60%     07/02/19   100,000   99,993  
    2.41%     07/05/19   1,200,000   1,199,681  
    2.43%     07/05/19   700,000   699,812  
    2.40%     07/10/19   1,500,000   1,499,104  
    2.53%     07/10/19   100,000   99,938  
    2.41%     07/17/19   1,500,000   1,498,405  
    2.42%     07/18/19   1,000,000   998,862  
    2.45%     07/22/19   100,000   99,858  
    2.49%     07/24/19   1,500,000   1,497,642  
    2.41%     07/30/19   1,000,000   998,075  
    0.88%     08/05/19   1,600,000   1,597,539  
    2.54%     08/06/19   100,000   99,749  
    2.41%     08/07/19   300,000   299,260  
    2.39%     08/14/19   1,400,000   1,395,931  
    2.37%     08/16/19   700,000   697,885  
    2.39%     08/16/19   2,800,000   2,791,514  
    2.42%     08/19/19   1,500,000   1,499,890  
    2.38%     08/21/19   1,750,000   1,744,132  
    2.38%     08/28/19   200,000   199,236  
    2.43%     08/29/19   1,000,000   996,042  
7
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Issuer Footnotes Rate Effective
Maturity 		  Maturity
Date 		  Face
Amount ($) 		  Value ($)  
    2.26%     09/03/19   100,000   99,600  
    2.40%     09/04/19   125,000   124,463  
    2.56%     09/06/19   150,000   149,297  
    2.26%     09/11/19   198,000   197,109  
    2.27%     09/11/19   400,000   398,192  
    2.48%     09/11/19   500,000   497,548  
    2.48%     09/13/19   1,000,000   994,964  
    2.45%     09/16/19   500,000   499,981  
    2.18%     09/25/19   2,000,000   1,989,661  
    2.46%     09/25/19   2,000,000   1,988,390  
    2.46%     09/26/19   125,000   124,263  
    1.50%     09/27/19   465,000   464,026  
    2.17%     09/27/19   1,100,000   1,094,192  
    2.16%     10/01/19   1,000,000   994,506  
    2.41%     11/13/19   500,000   495,537  
    2.12%     11/15/19   500,000   496,004  
    2.18%     11/20/19   2,000,000   1,982,960  
    2.14%     12/12/19   1,500,000   1,485,513  
    2.17%     12/13/19   500,000   495,073  
    2.50%     01/24/20   200,000   197,182  
    2.07%     01/31/20   101,000   99,775  
    2.58%     03/20/20   500,000   500,000  
    2.55%     04/03/20   500,000   500,000  
    2.51%     05/28/20   750,000   750,000  
    2.04%     06/18/20   100,000   98,044  
FEDERAL HOME LOAN MORTGAGE CORPORATION   1.25%     10/02/19   1,803,000   1,797,892  
    2.40%     10/10/19   1,500,000   1,489,984  
    2.16%     11/19/19   467,000   463,082  
    1.50%     01/17/20   900,000   896,411  
    2.52%     04/15/20   500,000   500,000  
    2.25%     04/20/20   100,000   100,096  
    2.50%     06/04/20   500,000   500,000  
    2.44%     06/09/20   600,000   600,000  
    2.40%     06/12/20   500,000   500,000  
FEDERAL NATIONAL MORTGAGE ASSOCIATION   0.88%     08/02/19   1,400,000   1,397,984  
    1.75%     11/26/19   800,000   798,111  
                  49,021,439  
U.S. Treasury Debt 2.5%        
UNITED STATES TREASURY   1.13%     12/31/19   1,000,000   993,615  
    1.88%     12/31/19   1,000,000   999,095  
    1.63%     12/31/19   800,000   798,294  
    1.25%     01/31/20   1,000,000   995,114  
                  3,786,118  
Total Fixed-Rate Obligations        
(Cost $52,807,557)                 52,807,557  

8
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Issuer Footnotes Rate Effective
Maturity 		  Maturity
Date 		  Face
Amount ($) 		  Value ($)  
Variable-Rate Obligations 17.9% of net assets        
U.S. Government Agency Debt 17.9%        
FEDERAL FARM CREDIT BANKS FUNDING CORP                    
(1 mo. USD-LIBOR + 0.05%)   2.43% 07/21/19   02/21/20   500,000   500,361  
(3 mo. USD-LIBOR - 0.14%)   2.30% 09/12/19   03/12/20   1,000,000   999,965  
(1 mo. USD-LIBOR - 0.01%)   2.38% 07/18/19   06/18/20   900,000   900,000  
(1 mo. USD-LIBOR + 0.01%)   2.41% 08/02/19   07/02/20   1,000,000   1,000,000  
(1 mo. USD-LIBOR - 0.02%)   2.41% 07/05/19   08/05/20   250,000   249,991  
(1 mo. USD-LIBOR - 0.02%)   2.43% 07/01/19   09/01/20   750,000   749,971  
(1 mo. USD-LIBOR - 0.01%)   2.42% 07/01/19   10/30/20   900,000   899,913  
FEDERAL HOME LOAN BANKS                    
(SOFR + 0.01%)   2.43% 07/01/19   08/30/19   1,500,000   1,500,000  
(1 mo. USD-LIBOR - 0.09%)   2.32% 07/10/19   09/10/19   1,000,000   999,962  
(1 mo. USD-LIBOR - 0.08%)   2.32% 07/27/19   09/27/19   1,000,000   999,972  
(SOFR + 0.03%)   2.45% 07/01/19   10/09/19   750,000   750,000  
(1 mo. USD-LIBOR - 0.07%)   2.34% 07/09/19   10/09/19   1,000,000   1,000,000  
(3 mo. USD-LIBOR - 0.12%)   2.44% 08/12/19   11/12/19   1,750,000   1,750,000  
(1 mo. USD-LIBOR - 0.05%)   2.37% 07/06/19   12/06/19   500,000   499,897  
(SOFR + 0.03%)   2.45% 07/01/19   12/06/19   500,000   500,000  
(SOFR + 0.01%)   2.44% 07/01/19   02/21/20   500,000   500,000  
(SOFR + 0.07%)   2.49% 07/01/19   03/27/20   1,000,000   1,000,000  
(3 mo. USD-LIBOR - 0.14%)   2.47% 07/13/19   04/13/20   500,000   500,000  
(1 mo. USD-LIBOR - 0.03%)   2.36% 07/20/19   04/20/20   2,000,000   2,000,000  
(SOFR + 0.04%)   2.46% 07/01/19   05/08/20   500,000   500,000  
(3 mo. USD-LIBOR - 0.18%)   2.39% 08/08/19   05/08/20   500,000   499,894  
(1 mo. USD-LIBOR - 0.02%)   2.37% 07/20/19   05/20/20   750,000   750,000  
(1 mo. USD-LIBOR - 0.02%)   2.42% 07/01/19   07/01/20   1,000,000   1,000,000  
(SOFR + 0.05%)   2.47% 07/01/19   09/28/20   500,000   500,000  
(1 mo. USD-LIBOR - 0.01%)   2.40% 07/26/19   10/26/20   750,000   750,000  
(1 mo. USD-LIBOR + 0.00%)   2.40% 07/26/19   10/26/20   2,300,000   2,300,062  
(SOFR + 0.11%)   2.53% 07/01/19   01/15/21   250,000   250,000  
(SOFR + 0.12%)   2.54% 07/01/19   03/12/21   200,000   200,015  
(SOFR + 0.10%)   2.52% 07/01/19   05/07/21   250,000   250,000  
(SOFR + 0.08%)   2.50% 07/01/19   06/11/21   1,000,000   1,000,000  
FEDERAL NATIONAL MORTGAGE ASSOCIATION                    
(SOFR + 0.08%)   2.50% 07/01/19   10/30/20   1,250,000   1,250,260  
Total Variable-Rate Obligations        
(Cost $26,550,263)                 26,550,263  
9
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Security Footnotes Rate
 
  Number
of Shares 		  Value ($)  
Other Investment Company 0.0% of net assets        
Money Market Fund 0.0%        
STATE STREET INSTITUTIONAL U.S. GOVERNMENT MONEY MARKET FUND, PREMIER CLASS
(a)
 2.31% n/a   n/a   45,600   45,600  
Total Other Investment Company        
(Cost $45,600)                 45,600  
Issuer Footnotes Rate Effective
Maturity 		  Maturity
Date 		  Maturity
Amount ($) 		  Value ($)  
Repurchase Agreements 46.5% of net assets        
U.S. Government Agency Repurchase Agreements* 22.2%        
BNP PARIBAS SA                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury and U.S. Government Agency Securities valued at $1,029,023, 0.63% - 4.50%, due 05/31/23 - 04/01/49) 		  2.50%     07/01/19   1,000,208   1,000,000  
BOFA SECURITIES INC                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Government Agency Securities valued at $1,030,001, 3.50%, due 06/01/49) 		  2.50%     07/01/19   1,000,208   1,000,000  
JP MORGAN SECURITIES LLC                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Government Agency Securities valued at $10,300,000, 3.50% - 4.00%, due 09/01/46 - 05/01/49) 		  2.55%     07/01/19   10,002,125   10,000,000  
MIZUHO SECURITIES USA LLC                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $14,280,034, 2.75% - 2.88%, due 10/31/23 - 11/15/42) 		  2.52%     07/01/19   14,002,940   14,000,000  
RBC DOMINION SECURITIES INC                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $2,040,542, 0.75% - 4.25%, due 07/15/20 - 02/15/45) 		  2.50%     07/01/19   2,000,417   2,000,000  
ROYAL BANK OF CANADA                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Government Agency Securities valued at $1,030,398, 2.84% - 4.50%, due 10/01/28 - 04/20/49) 		  2.49%     07/01/19   1,000,208   1,000,000  
WELLS FARGO SECURITIES LLC                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Government Agency Securities valued at $4,160,874, 3.50%, due 05/01/49) 		  2.52%     07/01/19   4,000,840   4,000,000  
                  33,000,000  
U.S. Treasury Repurchase Agreements 24.3%        
BANK OF NOVA SCOTIA                    
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $3,060,666, 2.50% - 3.38%, due 02/15/22 - 11/15/48) 		  2.45%     07/01/19   3,000,613   3,000,000  
10
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Issuer Footnotes Rate Effective
Maturity 		Maturity
Date 		Maturity
Amount ($) 		Value ($)
BARCLAYS BANK PLC            
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $139,911, 3.75%, due 11/15/43) 		  2.40%   07/01/19 137,075 137,048
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $12,242,563, 1.75% - 3.75%, due 12/31/20 - 11/15/43) 		  2.50%   07/01/19 12,002,500 12,000,000
BNP PARIBAS SA            
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $13,262,815, 0.00% - 3.63%, due 07/18/19 - 05/31/26) 		  2.48%   07/01/19 13,002,687 13,000,000
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA            
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $5,101,114, 0.63%, due 01/15/26) 		  2.48%   07/01/19 5,001,033 5,000,000
WELLS FARGO SECURITIES LLC            
Issued 06/28/19, repurchase date 07/01/19
(Collateralized by U.S. Treasury Securities valued at $3,060,720, 1.63%, due 02/15/26) 		  2.50%   07/01/19 3,000,625 3,000,000
            36,137,048
Total Repurchase Agreements        
(Cost $69,137,048)           69,137,048
(a) The rate shown is the 7-day yield.
* Collateralized via U.S. Government Agency Securities or less frequently by higher rated U.S. Treasury Securities.
   
LIBOR — London Interbank Offered Rate is the interest rate banks charge each other for short-term loans.
SOFR — Secured Overnight Financing Rate is published daily by the Federal Reserve Bank of New York and is based on the cost of borrowing cash overnight collateralized by U.S. Treasury securities.
    
The following is a summary of the inputs used to value the fund’s investments as of June 30, 2019 (see financial note 2(a) for additional information):
Description Quoted Prices in
Active Markets for
Identical Assets
(Level 1) 		Other Significant
Observable Inputs
(Level 2) 		Significant
Unobservable Inputs
(Level 3) 		Total  
Assets          
Fixed-Rate Obligations1 $— $52,807,557 $— $52,807,557  
Variable-Rate Obligations1 — 26,550,263 — 26,550,263  
Other Investment Company1 45,600 — — 45,600  
Repurchase Agreements1 — 69,137,048 — 69,137,048  
Total $45,600 $148,494,868 $— $148,540,468  
1 As categorized in Portfolio Holdings.
Fund investments in underlying mutual funds are classified as Level 1, without consideration to the classification level of the investments held by the underlying mutual funds, which could be Level 1, Level 2 or Level 3.
11
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Statement of Assets and Liabilities
As of June 30, 2019; unaudited
Assets
Investments in unaffiliated issuers, at cost and value (Note 2a)   $79,403,420
Repurchase agreements, at cost and value (Note 2a)   69,137,048
Receivables:    
Investments sold   2,000,000
Fund shares sold   518,696
Interest   153,937
Dividends + 86
Total assets   151,213,187
Liabilities
Payables:    
Investments bought   1,994,506
Investment adviser and administrator fees   28,635
Fund shares redeemed   359,447
Distributions to shareholders   109,217
Accrued expenses + 90,027
Total liabilities   2,581,832
Net Assets
Total assets   151,213,187
Total liabilities – 2,581,832
Net assets   $148,631,355
Net Assets by Source    
Capital received from investors   148,583,088
Total distributable earnings   48,267
    
Net Asset Value (NAV)
Net Assets ÷ Shares
Outstanding 		= NAV
$148,631,355   148,629,913   $1.00
         
12
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Statement of Operations
For the period January 1, 2019 through June 30, 2019; unaudited
Investment Income
Interest   $1,652,097
Dividends + 525
Total investment income   1,652,622
Expenses
Investment adviser and administrator fees   234,807
Portfolio accounting fees   25,043
Professional fees   18,295
Custodian fees   11,189
Shareholder reports   10,345
Independent trustees’ fees   9,339
Transfer agent fees   1,003
Other expenses + 2,196
Total expenses   312,217
Expense reduction by CSIM and its affiliates – 77,410
Net expenses – 234,807
Net investment income   1,417,815
Realized Gains (Losses)
Net realized gains on investments   117
Increase in net assets resulting from operations   $1,417,932
13
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Statement of Changes in Net Assets
For the current and prior report periods
Figures for the current period are unaudited
Operations  
  1/1/19-6/30/19 1/1/18-12/31/18
Net investment income   $1,417,815 $1,688,592
Net realized gains (losses) + 117 (14)
Increase in net assets from operations   1,417,932 1,688,578
Distributions to Shareholders  
Total distributions   ($1,417,815) ($1,688,592)
Transactions in Fund Shares*  
Shares sold   82,000,800 143,509,438
Shares reinvested   1,308,598 1,688,592
Shares redeemed + (72,953,538) (101,985,123)
Net transactions in fund shares   10,355,860 43,212,907
Net Assets  
Beginning of period   138,275,378 95,062,485
Total increase + 10,355,977 43,212,893
End of period   $148,631,355 $138,275,378
* Transactions took place at $1.00 per share; figures for share quantities are the same as for dollars.
14
Schwab Government Money Market Portfolio  |  Semiannual Report
See financial notes

 

Schwab Government Money Market Portfolio
Financial Notes, unaudited
1. Business Structure of the Fund:
Schwab Government Money Market Portfolio (the fund) is a series of Schwab Annuity Portfolios (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 funds in the trust as of the end of the period, including the fund discussed in this report, which is highlighted:
SCHWAB ANNUITY PORTFOLIOS (ORGANIZED JANUARY 21, 1994)
Schwab Government Money Market Portfolio  
Schwab S&P 500 Index Portfolio  
Schwab VIT Balanced Portfolio  
Schwab VIT Balanced with Growth Portfolio  
Schwab VIT Growth Portfolio  
The fund in this report offers one share class. Shares are bought and sold at closing net asset value per share (NAV), which is the price for all outstanding shares of a fund. Each share has a par value of 1/1,000 of a cent, and the fund’s Board of Trustees (the Board) may authorize the issuance of as many shares as necessary.
The fund is intended as an investment vehicle for variable annuity contracts and variable life insurance policies to be offered by separate accounts of participating life insurance companies and for pension and retirement plans qualified under the Internal Revenue Code of 1986, as amended. At June 30, 2019, 100% of the fund’s shares were held through separate accounts of five insurance companies. Subscriptions and redemptions of these insurance separate accounts could have a material impact on the fund.
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.
    
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 Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).
(a) Security Valuation:
Under procedures approved by 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 market 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.
Securities in the fund are valued at amortized cost (which approximates market value) as permitted in accordance with Rule 2a-7 of the 1940 Act. In the event that security valuations do not approximate market value, securities may be fair valued as determined in accordance with procedures adopted by the Board. 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 a 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 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.
15
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
•   Underlying funds: Mutual funds are valued at their respective NAVs.
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. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices, without consideration to the classification level of the specific investments 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. Securities held by stable NAV money funds operating under Rule 2a-7 of the 1940 Act are valued at amortized cost which approximates current market value and are considered to be valued using Level 2 inputs.
•   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.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of June 30, 2019 are disclosed in the Portfolio Holdings.
(b) Accounting Policies for certain Portfolio Investments (if held):
Repurchase Agreements: In a repurchase agreement, a fund buys a security from another party (the counterparty), usually a financial institution, with the agreement that it be sold back in the future. Repurchase agreements subject a fund to counterparty risk, meaning that the fund could lose money if the other party fails to perform under the terms of the agreement. The fund mitigates this risk by ensuring that a fund’s repurchase agreements are collateralized by cash and/or U.S. government securities. All collateral is held by the fund’s custodian (or, with multi-party agreements, the agent’s bank) and is monitored daily to ensure that its market value is at least equal to the repurchase price under the agreement. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed or limited and the value of the collateral may decline. Investments in repurchase agreements are also based on a review of the credit quality of the repurchase agreement counterparty.
As of June 30, 2019, the fund had investments in repurchase agreements with a gross value of $69,137,048 as disclosed in the Portfolio Holdings and the Statement of Assets and Liabilities. The value of the related collateral disclosed in the Portfolio Holdings exceeded the value of the repurchase agreements at period end.
Delayed-Delivery Transactions: The fund may buy securities at a predetermined price or yield, with payment and delivery taking place after the customary settlement period for that type of security. The fund will assume the rights and risks of ownership at the time of purchase, including the risk of price and yield fluctuations. Typically, no interest will accrue to the fund until the security is delivered. The fund will earmark or segregate appropriate liquid assets to cover its delayed-delivery purchase obligations, 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.
16
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
(d) Investment Income:
Interest income is recorded as it accrues. If the fund buys a debt security at a discount (less than face value) or a premium (more than face value), it amortizes premiums and accretes discounts from the purchase settlement date up to maturity. The fund then increases (in the case of discounts) or reduces (in the case of premiums) the income it records from the security. Certain securities may be callable (meaning that the issuer has the option to pay it off before its maturity date). The fund amortizes the premium and accretes the discount on each callable security to the security’s maturity date, except when the purchase price is higher than the call price at the security’s call date (in which case the premium is amortized to the call date).
(e) Expenses:
Expenses that are specific to the fund are charged directly to the fund. Expenses that are common to all funds within the trust generally are allocated among the funds in proportion to their average daily net assets.
(f) Distributions to Shareholders:
The fund declares distributions from net investment income, if any, every day it is open for business. These distributions are paid out to the insurance company separate accounts once a month. The fund makes distributions from net realized capital gains, if any, once a year.
(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 the participating insurance company’s (shareholders) separate accounts each year. As long as the fund meets the tax requirements, it is not required to pay federal income tax.
(i) 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.
(j) Recent Accounting Standards:
In March 2017, the FASB issued Accounting Standards Update “Premium Amortization on Purchased Callable Debt Securities” which amends the amortization period for a callable debt security held at a premium from the maturity date to the earliest call date. The guidance is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. At this time, management believes these changes will not have a material impact to the financial statements.
In August 2018, the FASB issued Accounting Standards Update “Fair Value Measurement (Topic 820)” (ASU 2018-13) which modifies the disclosure requirements for fair value measurement by removing, modifying, or adding certain disclosures. The amendments are effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The fund is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The fund has early adopted certain removed or modified disclosures, including the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of transfers between levels upon issuance of ASU 2018-13, and has delayed adoption of the additional disclosures until their effective date. At this time, management is currently evaluating the impact that the adoption of the additional disclosures will have on the fund’s financial statements.
17
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors:
Investment Risk. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Interest Rate Risk. Interest rates rise and fall over time. As with any investment whose yield reflects current interest rates, the fund’s yield will change over time. During periods when interest rates are low, the fund’s yield (and total return) also will be low or may even be negative, which may make it difficult for the fund to pay expenses out of fund assets or maintain a stable $1.00 share price. A change in a central bank’s monetary policy or improving economic conditions, among other things, may result in an increase in interest rates. The fund is currently subject to heightened levels of interest rate risk because of the continued economic recovery, along with the fact that the Federal Reserve Board ended its quantitative easing program in 2014, and has begun, and may continue, to raise interest rates. A sudden or unpredictable rise in interest rates may cause volatility in the market and may decrease liquidity in the money market securities markets, making it more difficult for the fund to sell its money market investments at a time when the investment adviser might wish to sell such investments. Decreased market liquidity also may make it more difficult to value some or all of the fund’s money market securities holdings. In addition, to the extent the fund makes any reimbursement payments to the investment adviser and/or its affiliates, the fund’s yield would be lower.
Stable Net Asset Value Risk. If the fund or another money market fund fails to maintain a stable net asset value (or such perception exists in the market place), the fund could experience increased redemptions, which may adversely impact the fund’s share price. The fund is permitted, among other things, to reduce or withhold any income and/or gains generated by the fund to maintain a stable $1.00 share price.
Repurchase Agreements Risk. When the fund enters into a repurchase agreement, the fund is exposed to the risk that the other party (i.e. the counterparty) will not fulfill its contractual obligation. In a repurchase agreement, there exists the risk that, when the fund buys a security from a counterparty that agrees to repurchase the security at an agreed upon price (usually higher) and time, the counterparty will not repurchase the security.
Credit Risk. The fund is subject to the risk that a decline in the credit quality of a fund investment could cause the fund to lose money or underperform. The fund could lose money if the issuer of a fund investment fails to make timely principal or interest payments or if a guarantor, liquidity provider or counterparty of a fund investment fails to honor its obligations. Even though the fund’s investments in repurchase agreements are collateralized at all times, there is some risk to the fund if the other party should default on its obligations and the fund is delayed or prevented from recovering or disposing of the collateral. Negative perceptions of the ability of an issuer, guarantor, liquidity provider or counterparty to make payments or otherwise honor its obligations, as applicable, could also cause the price of that investment to decline. The credit quality of the fund’s portfolio holdings can change rapidly in certain market environments and any downgrade or default on the part of a single fund investment could cause the fund’s share price or yield to fall.
Many of the U.S. government securities that the fund invests in are not backed by the full faith and credit of the U.S. government, which means they are neither issued nor guaranteed by the U.S. Treasury. Although maintained in conservatorship by the Federal Housing Finance Agency since September 2008, the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) maintain only lines of credit with the U.S. Treasury. The Federal Home Loan Banks maintain limited access to credit lines from the U.S. Treasury. Other securities, such as obligations issued by the Federal Farm Credit Banks Funding Corporation, are supported solely by the credit of the issuer. There can be no assurance that the U.S. government will provide financial support to securities of its agencies and instrumentalities if it is not obligated to do so under law. Also, any government guarantees on securities a fund owns do not extend to the shares of the fund itself.
Management Risk. Any actively managed mutual fund is subject to the risk that its investment adviser will select investments or allocate assets in a manner that could cause the fund to underperform or otherwise not meet its objective. The fund’s investment adviser applies its own investment techniques and risk analyses in making investment decisions for the fund, but there can be no guarantee that they will produce the desired results. The investment adviser’s maturity decisions will also affect the fund’s yield, and potentially could affect its share price. To the extent that the investment adviser anticipates interest rate trends imprecisely, the fund’s yield at times could lag those of other money market funds.
Redemption Risk. The fund may experience periods of heavy redemptions that could cause the fund to liquidate its assets at inopportune times or at a loss or depressed value, particularly during periods of declining or illiquid markets. Redemptions by a few large investors in the fund may have a significant adverse effect on the fund’s ability to maintain a stable $1.00 share price. In the event any money market fund fails to maintain a stable net asset value, other money market funds, including the fund, could face a market-wide risk of increased redemption pressures, potentially jeopardizing the stability of their $1.00 share prices.
18
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
Money Market Fund Risk. The fund is not designed to offer capital appreciation. In exchange for their emphasis on stability and liquidity, money market investments may offer lower long-term performance than stock or bond investments.
Tax Diversification Risk. As described above, the fund intends to operate as a government money market fund under the regulations governing money market funds. Additionally, the fund intends to meet the diversification requirements that are applicable to insurance company separate accounts under Subchapter L of the Internal Revenue Code of 1986, as amended (the Diversification Requirements). To satisfy the Diversification Requirements applicable to variable annuity contracts, the value of the assets of the fund invested in securities issued by the U.S. government, its agencies or instrumentalities must remain below specified thresholds. For these purposes, each U.S. government agency or instrumentality is treated as a separate issuer.
Operating as a government money market fund may make it difficult for the fund to meet the Diversification Requirements. This difficulty may be exacerbated by the potential increase in demand for the types of securities in which the fund invests as a result of changes to the rules that govern SEC registered money market funds. A failure to satisfy the Diversification Requirements could have significant adverse tax consequences for variable life insurance and variable annuity contract owners whose contract values are determined by investment in the fund.
Please refer to the fund’s prospectus for a more complete description of the principal risks of investing in the fund.
    
4. Affiliates and Affiliated Transactions:
Investment Adviser
Charles Schwab Investment Management, Inc. (CSIM or the investment adviser), a wholly owned subsidiary of The Charles Schwab Corporation, serves as the fund’s investment adviser and administrator pursuant to an Investment Advisory and Administration Agreement between CSIM and the trust.
For its advisory and administrative services to the fund, CSIM is entitled to receive a graduated annual fee, payable monthly, based on a percentage of the fund’s average daily net assets as follows:
Average Daily Net Assets  
First $1 billion 0.35%
More than $1 billion but not exceeding $10 billion 0.32%
More than $10 billion but not exceeding $20 billion 0.30%
More than $20 billion but not exceeding $40 billion 0.27%
Over $40 billion 0.25%
For the period ended June 30, 2019, the aggregate advisory fee paid to CSIM by the fund was 0.35%, as a percentage of the fund’s average daily net assets.
Contractual Expense Limitation
CSIM and its affiliates have made an additional agreement with the fund, for so long as CSIM serves as the investment adviser to the fund, which may only be amended or terminated with the approval of the Board, to limit the total annual fund operating expenses charged, excluding interest, taxes, and certain non-routine expenses (expense limitation) to 0.35%.
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 Fund Complex (for definition refer to Trustees and Officers section). 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. The fund had no interfund borrowing or lending activity during the period.
19
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Financial Notes, unaudited (continued)
5. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM 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 trust did not pay any of these interested persons for their services as trustees, but it did pay non-interested persons (independent trustees), as noted on the fund’s Statement of Operations. For information regarding the trustees, please refer to the Trustees and Officers table at the end of this report.
    
6. Borrowing from Banks:
During the period, the fund was a participant with other U.S. registered investment companies managed by CSIM in a joint, syndicated, committed $750 million line of credit (the Syndicated Credit Facility), maturing on October 3, 2019. Under the terms of the Syndicated Credit Facility, in addition to the interest charged on any borrowings by a fund, the fund 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 U.S. registered investment companies managed by CSIM in a joint, unsecured, uncommitted $500 million line of credit (the Uncommitted Credit Facility), with State Street Bank and Trust Company, maturing on November 29, 2019. Under the terms of the Uncommitted Credit Facility, the fund pays interest on the amount it borrows. There were no borrowings 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 disclosed on the fund’s Statement of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
    
7. Federal Income Taxes:
At June 30, 2019, the tax basis cost of the fund’s investments was $148,494,868 and the unrealized appreciation and depreciation were $45,600 and ($0), respectively, with a net unrealized appreciation of $45,600.
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of December 31, 2018, the fund had capital loss carryforwards of $14 with no expiration.
The tax-basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of June 30, 2019. The tax-basis components of distributions paid during the year ended December 31, 2018, were as follows:
Ordinary income $1,688,592
As of December 31, 2018, 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. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended December 31, 2018, the fund did not incur any interest or penalties.
    
8. 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.
20
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Investment Advisory Agreement Approval
The Investment Company Act of 1940 (the 1940 Act) requires that the continuation of a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (the Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
The Board of Trustees (the Board or the Trustees, as appropriate) calls and holds one or more meetings each year that are dedicated, in whole or in part, to considering whether to renew the investment advisory and administration agreement (the Agreement) between Schwab Annuity Portfolios (the Trust) and Charles Schwab Investment Management, Inc. (CSIM) with respect to the existing funds in the Trust, including Schwab Government Money Market Portfolio (the Fund), and to review certain other agreements pursuant to which CSIM provides investment advisory services to certain other registered investment companies. In preparation for the meeting(s), the Board requests and reviews a wide variety of materials provided by CSIM, including information about CSIM’s affiliates, personnel, business goals and priorities, profitability, third-party oversight, corporate structure and operations. The Board also receives extensive data provided by an independent provider of investment company data. This information is in addition to the detailed information about the Fund that the Board reviews during the course of each year, including information that relates to the Fund’s operations and performance, legal and compliance matters, risk management, portfolio turnover, and sales and marketing activity. The Independent Trustees receive advice from Independent Trustees’ legal counsel, including a memorandum regarding the responsibilities of trustees for the approval of investment advisory agreements. In addition, the Independent Trustees meet in executive session outside the presence of Fund management and participate in question and answer sessions with representatives of CSIM.
The Board, including a majority of the Independent Trustees, considered information specifically relating to the continuance of the Agreement with respect to the Fund at meetings held on May 13, 2019 and June 4, 2019, and approved the renewal of the Agreement with respect to the Fund for an additional one-year term at the meeting held on June 4, 2019. The Board’s approval of the continuance of the Agreement with respect to the Fund was based on consideration and evaluation of a variety of specific factors discussed at these meetings and at prior meetings, including:
1. the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund;
2. the Fund’s investment performance and how it compared to that of certain other comparable mutual funds and benchmark data;
3. the Fund’s expenses and how those expenses compared to those of certain other similar mutual funds;
4. the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and
5. the extent to which economies of scale would be realized as the Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors.
Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund. In this regard, the Trustees evaluated, among other things, CSIM’s experience, track record, compliance program, resources dedicated to hiring and retaining skilled personnel and specialized talent, and information security resources. The Trustees also considered information provided by CSIM relating to services and support provided with respect to the Fund’s portfolio management team, portfolio strategy, and internal investment guidelines, as well as trading infrastructure, liquidity management, product design and analysis, shareholder communications, securities valuation, fund accounting and custody, and vendor and risk oversight. The Trustees also considered investments CSIM has made in its infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise in key areas (including portfolio management and trade operations), and improving business continuity, cybersecurity, due diligence, risk management processes, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders. The Trustees also considered Schwab’s wide range of products, services, and channel alternatives such as investment research tools and an array of account features that benefit the Fund and certain of its shareholders. Finally, the Trustees also considered Schwab’s reputation as a full service brokerage firm and its overall financial condition. Following such evaluation, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund supported renewal of the Agreement with respect to the Fund.
Fund Performance. The Board considered the Fund’s performance in determining whether to renew the Agreement with respect to the Fund. Specifically, the Trustees considered the Fund’s performance relative to a peer category of other mutual funds and applicable indices/benchmarks, in light of total return, yield, and market trends, as well as in consideration of the Fund’s investment style and strategy attributes and disclosures. As part of this review, the Trustees
 
21
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
considered the composition of the peer category, selection criteria and the reputation of the independent provider of investment company data who prepared the peer category analysis. In evaluating the performance of the Fund, the Trustees considered the risk profile for the Fund and the Fund’s operation as a government money market fund within the meaning of Rule 2a-7 under the 1940 Act. The Trustees further considered the level of Fund performance in the context of their review of Fund expenses and adviser profitability discussed below and also noted that performance is reviewed throughout the year by a designated committee of the Board and by the Board. Following such evaluation the Board concluded, within the context of its full deliberations, that the performance of the Fund supported renewal of the Agreement with respect to the Fund.
Fund Expenses. With respect to the Fund’s expenses, the Trustees considered the rate of compensation called for by the Agreement, and the Fund’s net operating expense ratio, in each case, in comparison to those of other similar mutual funds, such peer groups and comparisons having been selected and calculated by an independent provider of investment company data. CSIM reported to the Board, and the Board took into account, the risk assumed by CSIM in the development of products and provision of services as well as the competitive marketplace for financial products. The Trustees considered the effects of CSIM’s and Schwab’s practice of waiving management and other fees to prevent total Fund expenses from exceeding a specified cap as well as historically using voluntary waivers to maintain a certain yield, which CSIM has committed not to recoup. The Trustees also considered fees charged by CSIM to other mutual funds and to other types of accounts, but, with respect to such other types of accounts, accorded less weight to such comparisons due to the different legal, regulatory, compliance and operating features of mutual funds as compared to these other types of accounts, and the unique insurance dedicated distribution arrangements of the Fund as compared to other funds managed by CSIM, as well as any differences in the nature and scope of the services CSIM provides to these other accounts and any differences in the market for these types of accounts. Following such evaluation, the Board concluded, within the context of its full deliberations, that the expenses of the Fund are reasonable and supported renewal of the Agreement with respect to the Fund.
Profitability. The Trustees considered the compensation flowing to CSIM and its affiliates, directly or indirectly and reviewed profitability on a pre-tax basis, without regard to distribution expenses. In this connection, the Trustees reviewed management’s profitability analyses. The Trustees also reviewed profitability of CSIM relating to the Schwab fund complex as a whole, noting the benefit to Fund shareholders of being part of the Schwab fund complex, including the allocations of certain fixed costs across other funds in the complex. The Trustees also considered any other benefits derived by CSIM from its relationship with the Fund, such as whether, by virtue of its management of the Fund, CSIM obtains investment information or other research resources
that aid it in providing advisory services to other clients. The Trustees considered whether the compensation and profitability with respect to the Fund under the Agreement and other service agreements were reasonable and justified in light of the quality of all services rendered to the Fund by CSIM and its affiliates. The Trustees noted that CSIM continues to invest substantial sums in its business in order to provide enhanced research capabilities, services, and systems to benefit the Fund. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the profitability of CSIM is reasonable and supported renewal of the Agreement with respect to the Fund.
Economies of Scale. Although the Trustees recognized the difficulty of determining economies of scale with precision, the Trustees considered the potential existence of any economies of scale and whether those are passed along to the Fund’s shareholders through (i) the enhancement of services provided to the Fund in return for fees paid, including through investments by CSIM in CSIM’s infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise and capabilities in key areas (including portfolio and trade operations), and improving business continuity, cybersecurity, due diligence, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders; (ii) graduated investment advisory fee schedules, fee waivers, or expense caps by CSIM and its affiliates for those funds with such features; and (iii) pricing a fund to scale and keeping overall expenses down as the fund grows. The Trustees acknowledged that CSIM has shared any economies of scale with the Fund by investing in CSIM’s infrastructure, as discussed above, over time and that CSIM’s internal costs of providing investment management, technology, administrative, legal and compliance services to the Fund continues to increase as a result of regulatory or other developments. The Trustees considered that CSIM and its affiliates may employ contractual expense caps to protect shareholders from high fees when fund assets are relatively small, for example, in the case of newer funds or funds with investment strategies that are from time to time out of favor, because, among other reasons, shareholders may benefit from the continued availability of such funds at subsidized expense levels. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the Fund obtains reasonable benefits from economies of scale.
In the course of their deliberations, the Trustees may have accorded different weights to various factors and did not identify any particular information or factor that was all important or controlling. Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, approved the continuation of the Agreement with respect to the Fund and concluded that the compensation under the Agreement with respect to the Fund is fair and reasonable in light of such services and expenses and such other matters as the Trustees have considered to be relevant in the exercise of their reasonable judgment.
 
22
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Trustees and Officers
The tables below give information about the trustees and officers of Schwab Annuity Portfolios, which includes the fund covered in this report. The “Fund Complex” includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust. The Fund Complex includes 98 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the fund’s Statement of Additional Information, which is available free by calling 1-877-824-5615.
Independent Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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 (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. 98 None
John F. Cogan
1947
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. 98 Director (2005 – present), Gilead Sciences, Inc.
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) 		President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). 98 None
Stephen Timothy Kochis
1946
Trustee
(Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) 		CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). 98 None
23
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Independent Trustees (continued)
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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. 98 Director (2003 – present), Symantec Corporation
Director (2004 – present), Corcept Therapeutics Incorporated
Director (2009 – present), Adamas Pharmaceuticals, Inc.
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) 		Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). 98 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. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). 98 Director (2008 – present), KLA-Tencor Corporation
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). 98 None
Gerald B. Smith
1950
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). 98 Director (2012 – present), Eaton
    
24
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Interested Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
Walter W. Bettinger II2
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) 		Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. 98 Director (2008 – present), The Charles Schwab Corporation
Jonathan de St. Paer2
1973
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) 		Director and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. 98 None
Joseph R. Martinetto2
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) 		Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. 98 None
    
Officers of the Trust
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
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 and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc.
25
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Schwab Government Money Market Portfolio
Officers of the Trust (continued)
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
Mark Fischer
1970
Treasurer and Chief Financial 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 and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management.
George Pereira
1964
Senior Vice President and Chief Operating Officer
(Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) 		Senior Vice President and Chief Financial Officer (Nov. 2004 – present) and Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Treasurer and Chief Financial Officer (June 2006 – Dec. 2015), Laudus Funds; Treasurer and Principal Financial Officer (Nov. 2004 – Dec. 2015), Schwab Funds; Treasurer and Principal Financial Officer (Oct. 2009 – Dec. 2015), Schwab ETFs; Director (Apr. 2005 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited.
Omar Aguilar
1970
Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies
(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 – Equities and Multi-Asset Strategies (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management.
Brett Wander
1961
Senior Vice President and Chief Investment Officer – Fixed Income
(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 – Fixed Income (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm).
David Lekich
1964
Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs
Vice President and Assistant Clerk, Laudus Funds
(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 (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs.
Catherine MacGregor
1964
Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs
Chief Legal Officer, Vice President and Clerk, Laudus Funds
(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) 		Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs.
1 Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first.
2 Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co.
3 The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board.
26
Schwab Government Money Market Portfolio  |  Semiannual Report

 

Notes

Semiannual Report  |  June 30, 2019
Schwab S&P 500 Index Portfolio

 

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 Fund’s website at www.schwabfunds.com/schwabfunds_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 Schwab’s website at www.schwabfunds.com/schwabfunds_prospectus or the SEC’s website at www.sec.gov.
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. The Industry classifications used in the schedules of Portfolio Holdings are sub-categories of Sector classifications.
Investment Adviser: Charles Schwab Investment Management, Inc. (CSIM)

 

Schwab S&P 500 Index Portfolio
The Investment Environment
Over the six-month reporting period ended June 30, 2019, U.S. equity markets recovered strongly from December’s market sell-off, with major market indices achieving multiple record highs during the period. Although trade tensions between the U.S. and China, as well as the U.S. and Mexico, continued during the period, volatility in U.S. markets moderated for the most part, rising slightly as stocks weakened in early May when negotiations between China and the U.S. stalled. For the reporting period, the S&P 500® Index, a bellwether for the overall U.S. stock market, returned 18.54%.
After growing concerns in late 2018 about weakness in the U.S. economy, the economic outlook brightened slightly in the first six months of 2019. Gross domestic product (GDP) grew at an annual rate of 3.1% in the first quarter of 2019, up from 2.2% in the last quarter of 2018. Corporate earnings remained robust. The U.S. labor market remained strong, with the unemployment rate near an 18-year low. The inflation rate ended the reporting period lower than the beginning of the reporting period but up from earlier lows in January and February. Consumer confidence, which had fallen steeply in December, recovered to a near 18-year high by period-end.
After enacting four short-term interest rate hikes in 2018, the Federal Reserve (Fed) held rates steady at its meetings in January, March, May, and June 2019. With the Fed having declared its intent to remain “patient” earlier in the reporting period, by June markets began to expect possible rate cuts later in 2019 due to increased uncertainties regarding the global economic outlook and the Fed’s intent to monitor incoming information in order to sustain U.S. economic expansion. The federal funds rate ended the reporting period in a target range of 2.25% to 2.50%. The Fed also announced that, in September, it would end its program of allowing securities to mature without reinvesting the proceeds to reduce the size of its balance sheet.
Asset Class Performance Comparison % returns during the 6 months ended June 30, 2019    
 
Index figures 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. Past performance is not an indication of future results.
Data source: Index provider websites and CSIM.
Nothing in this report represents a recommendation of a security by the investment adviser.
Management views 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.
1
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
The Investment Environment (continued)
Over the reporting period, growth stocks continued to significantly outperform value stocks, and large-cap stocks outperformed small-caps. Ten of the 11 sectors within the S&P 500 Index posted double-digit gains for the reporting period. The strongest performer was the Information Technology sector, which rose on evidence of ongoing economic strength and continued solid corporate balance sheets, although the sector gave back some gains as the tariff dispute between the U.S. and China heated up in May and June. Other strong performers included Consumer Discretionary, Industrials, and Real Estate—all of which returned more than 20% for the reporting period. The weakest sector was Health Care, which, despite strong corporate balance sheets and attractive dividend yields, struggled due in part to political and legal rhetoric surrounding the Affordable Care Act and “Medicare for all,” although the sector improved in the last two months of the period. The Energy sector was the second-weakest performer. After exhibiting renewed strength over the first four months of the period, the sector was hampered by escalating trade disputes, rising geopolitical tensions, and supply concerns.
2
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Portfolio Management
Christopher Bliss, CFA, Vice President and Head of the Passive Equity Team, leads the portfolio management team for Schwab’s passive equity mutual funds and ETFs. He also has overall responsibility for all aspects of the management of the fund. Prior to joining CSIM in 2016, Mr. Bliss spent 12 years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a Managing Director and Head of Americas Institutional Index team. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan.
    
Jeremy Brown, Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2017, Mr. Brown spent six years with ALPS Advisors, Inc. in Denver, most recently as a senior analyst on the ETF Portfolio Management and Research Team where he performed portfolio management, trading and analytics/research functions for ALPS ETFs and passive funds. Additionally, Mr. Brown led a number of investment research, commentary, industry trend analysis and sales and marketing support initiatives.
    
Ferian Juwono, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors), where he spent more than three years as a portfolio manager, managing equity index funds for institutional clients, and nearly two years as a senior business analyst. Prior to that, Mr. Juwono worked for more than four years as a senior financial analyst with Union Bank of California.
    
Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America’s Columbia Management subsidiary as a portfolio manager for three years.
3
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value 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.schwabfunds.com/schwabfunds_prospectus.    
 
Average Annual Total Returns1
Fund and Inception Date 6 Months 1 Year 5 Years 10 Years
Fund: Schwab S&P 500 Index Portfolio (11/01/96) 18.55% 10.40% 10.56% 14.47%
S&P 500® Index 18.54% 10.42% 10.71% 14.70%
Fund Category: Morningstar Large-Cap Blend2 18.01% 8.88% 9.41% 13.79%
Fund Expense Ratio3: 0.03%
All total return figures 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.
Index ownership — “Standard & Poor’s®,” “S&P®,” and “S&P 500®” are registered trademarks of Standard & Poor’s Financial Services LLC (S&P), and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones) and have been licensed for use by S& P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by CSIM. The “S&P 500® Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab S&P 500 Index Portfolio is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates, and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in the fund.
1 Fund performance does not reflect the additional fees and expenses imposed by the insurance company under the variable insurance product contract. If those contract fees and expenses were included, the performance would be less than that shown. Please refer to the variable insurance product prospectus for a complete listing of these expenses.
2 Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds within the category as of the report date.
3 As stated in the prospectus.
4
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Performance and Fund Facts as of June 30, 2019
Statistics1
Number of Holdings 507
Weighted Average Market Cap ($ x 1,000,000) $242,734
Price/Earnings Ratio (P/E) 20.4
Price/Book Ratio (P/B) 1.5
Portfolio Turnover Rate 3% 2
Sector Weightings % of Investments3
 
    
Top Equity Holdings % of Net Assets4
    
Portfolio holdings may have changed since the report date.
Source of Sector Classification: S& P and MSCI.
1 Excludes derivatives.
2 Not annualized.
3 The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.
4 This list is not a recommendation of any security by the investment adviser.
5
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in the fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning January 1, 2019 and held through June 30, 2019.
The Actual Return line in the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number given for the fund under the heading entitled “Expenses Paid During Period.”
The Hypothetical Return line in the table below provides information about hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
  Expense Ratio
(Annualized)1 		Beginning
Account Value
at 1/1/19 		Ending
Account Value
(Net of Expenses)
at 6/30/19 		Expenses Paid
During Period
1/1/19-6/30/192
Schwab S&P 500 Index Portfolio        
Actual Return 0.03% $1,000.00 $1,185.50 $0.16
Hypothetical 5% Return 0.03% $1,000.00 $1,024.65 $0.15
    
1 Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights.
2 Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days of the period, and divided by the 365 days of the fiscal year.
6
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Statements
Financial Highlights
  1/1/19–
6/30/19* 		1/1/18–
12/31/18 		1/1/17–
12/31/17 		1/1/16–
12/31/16 		1/1/15–
12/31/15 		1/1/14–
12/31/14
Per-Share Data
Net asset value at beginning of period $37.10 $39.51 $33.01 $30.09 $30.21 $27.03
Income (loss) from investment operations:            
Net investment income (loss) 0.42 1 0.82 1 0.71 1 0.62 1 0.59 1 0.48
Net realized and unrealized gains (losses) 6.46 (2.51) 6.39 2.85 (0.24) 3.12
Total from investment operations 6.88 (1.69) 7.10 3.47 0.35 3.60
Less distributions:            
Distributions from net investment income (0.78) (0.68) (0.59) (0.55) (0.47) (0.42)
Distributions from net realized gains (0.39) (0.04) (0.01) — — —
Total distributions (1.17) (0.72) (0.60) (0.55) (0.47) (0.42)
Net asset value at end of period $42.81 $37.10 $39.51 $33.01 $30.09 $30.21
Total return 18.55% 2 (4.40%) 21.72% 11.68% 1.17% 13.41%
Ratios/Supplemental Data
Ratios to average net assets:            
Total expenses 0.03% 3 0.03% 0.06% 4 0.22% 0.24% 0.23%
Net operating expenses N/A N/A 5 0.06% 4 0.22% 0.24% 0.22%
Net investment income (loss) 2.05% 3 2.03% 1.97% 2.00% 1.94% 1.79%
Portfolio turnover rate 3% 2 5% 3% 2% 3% 2%
Net assets, end of period (x 1,000,000) $412 $340 $346 $282 $245 $229
 
* Unaudited.
1
Calculated based on the average shares outstanding during the period.
2
Not annualized.
3
Annualized.
4
Effective March 1, 2017, the annual operating expense ratio was reduced. The ratio presented for period ended 12/31/17 is a blended ratio.
5
Effective March 1, 2017, the fund instituted a new fee structure and the contractual expense limitation was terminated.
7
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited)
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. Effective March 31, 2019, Form N-PORT Part F has replaced Form N-Q. The fund’s Form N-Q and Form N-PORT Part F are available on the SEC’s website at www.sec.gov. The fund also makes available its complete schedule of portfolio holdings 60 to 80 days after the end of the fund’s fiscal quarter on the fund’s website at www.schwabfunds.com/schwabfunds_prospectus.    
 
Security Number
of Shares 		Value ($)
Common Stock 99.4% of net assets
 
Automobiles & Components 0.5%
Aptiv plc 4,344 351,126
BorgWarner, Inc. 3,503 147,056
Ford Motor Co. 65,672 671,825
General Motors Co. 22,102 851,590
Harley-Davidson, Inc. 2,656 95,164
    2,116,761
 
Banks 5.5%
Bank of America Corp. 148,273 4,299,917
BB&T Corp. 12,835 630,584
Citigroup, Inc. 38,773 2,715,273
Citizens Financial Group, Inc. 7,670 271,211
Comerica, Inc. 2,612 189,736
Fifth Third Bancorp 12,211 340,687
First Republic Bank 2,775 270,979
Huntington Bancshares, Inc. 17,418 240,717
JPMorgan Chase & Co. 54,398 6,081,696
KeyCorp 16,994 301,643
M&T Bank Corp. 2,284 388,440
People’s United Financial, Inc. 6,659 111,738
Regions Financial Corp. 16,961 253,397
SunTrust Banks, Inc. 7,449 468,170
SVB Financial Group * 872 195,842
The PNC Financial Services Group, Inc. 7,568 1,038,935
U.S. Bancorp 25,096 1,315,030
Wells Fargo & Co. 67,827 3,209,574
Zions Bancorp NA 3,020 138,860
    22,462,429
 
Capital Goods 6.6%
3M Co. 9,665 1,675,331
A.O. Smith Corp. 2,352 110,920
Allegion plc 1,573 173,895
AMETEK, Inc. 3,815 346,555
Arconic, Inc. 6,758 174,492
Caterpillar, Inc. 9,588 1,306,748
Cummins, Inc. 2,428 416,013
Deere & Co. 5,315 880,749
Dover Corp. 2,421 242,584
Eaton Corp. plc 7,090 590,455
Emerson Electric Co. 10,300 687,216
Fastenal Co. 9,614 313,320
Flowserve Corp. 2,196 115,707
Fortive Corp. 4,945 403,116
Fortune Brands Home & Security, Inc. 2,381 136,027
General Dynamics Corp. 4,551 827,463
General Electric Co. 146,229 1,535,404
Harris Corp. 1,983 375,045
Honeywell International, Inc. 12,205 2,130,871
Huntington Ingalls Industries, Inc. 697 156,644
Illinois Tool Works, Inc. 5,025 757,820
Ingersoll-Rand plc 4,043 512,127
Jacobs Engineering Group, Inc. 1,937 163,463
Security Number
of Shares 		Value ($)
Johnson Controls International plc 13,337 550,951
L3 Technologies, Inc. 1,331 326,321
Lockheed Martin Corp. 4,121 1,498,148
Masco Corp. 4,899 192,237
Northrop Grumman Corp. 2,846 919,571
PACCAR, Inc. 5,807 416,130
Parker-Hannifin Corp. 2,162 367,562
Pentair plc 2,602 96,794
Quanta Services, Inc. 2,416 92,267
Raytheon Co. 4,669 811,846
Rockwell Automation, Inc. 1,994 326,677
Roper Technologies, Inc. 1,741 637,659
Snap-on, Inc. 937 155,205
Stanley Black & Decker, Inc. 2,532 366,153
Textron, Inc. 3,909 207,333
The Boeing Co. 8,773 3,193,460
TransDigm Group, Inc. * 821 397,200
United Rentals, Inc. * 1,310 173,745
United Technologies Corp. 13,599 1,770,590
W.W. Grainger, Inc. 757 203,050
Wabtec Corp. 2,689 192,963
Xylem, Inc. 3,028 253,262
    27,181,089
 
Commercial & Professional Services 0.7%
Cintas Corp. 1,420 336,952
Copart, Inc. * 3,403 254,340
Equifax, Inc. 2,012 272,103
IHS Markit Ltd. * 6,132 390,731
Nielsen Holdings plc 5,888 133,069
Republic Services, Inc. 3,592 311,211
Robert Half International, Inc. 2,024 115,388
Rollins, Inc. 2,417 86,698
Verisk Analytics, Inc. 2,757 403,790
Waste Management, Inc. 6,553 756,019
    3,060,301
 
Consumer Durables & Apparel 1.1%
Capri Holdings Ltd. * 2,506 86,908
D.R. Horton, Inc. 5,667 244,418
Garmin Ltd. 2,003 159,839
Hanesbrands, Inc. 6,113 105,266
Hasbro, Inc. 1,952 206,287
Leggett & Platt, Inc. 2,230 85,565
Lennar Corp., Class A 4,786 231,929
Mohawk Industries, Inc. * 1,041 153,516
Newell Brands, Inc. 6,378 98,349
NIKE, Inc., Class B 21,062 1,768,155
PulteGroup, Inc. 4,266 134,891
PVH Corp. 1,245 117,827
Ralph Lauren Corp. 872 99,050
Tapestry, Inc. 4,912 155,858
Under Armour, Inc., Class A * 3,240 82,134
Under Armour, Inc., Class C * 3,188 70,774
 
8
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Security Number
of Shares 		Value ($)
VF Corp. 5,469 477,717
Whirlpool Corp. 1,071 152,468
    4,430,951
 
Consumer Services 1.9%
Carnival Corp. 6,726 313,095
Chipotle Mexican Grill, Inc. * 410 300,481
Darden Restaurants, Inc. 2,073 252,346
H&R Block, Inc. 3,348 98,097
Hilton Worldwide Holdings, Inc. 4,877 476,678
Marriott International, Inc., Class A 4,632 649,823
McDonald’s Corp. 12,803 2,658,671
MGM Resorts International 8,590 245,416
Norwegian Cruise Line Holdings Ltd. * 3,568 191,352
Royal Caribbean Cruises Ltd. 2,895 350,903
Starbucks Corp. 20,304 1,702,084
Wynn Resorts Ltd. 1,631 202,228
Yum! Brands, Inc. 5,127 567,405
    8,008,579
 
Diversified Financials 5.1%
Affiliated Managers Group, Inc. 864 79,609
American Express Co. 11,480 1,417,091
Ameriprise Financial, Inc. 2,246 326,029
Berkshire Hathaway, Inc., Class B * 32,497 6,927,386
BlackRock, Inc. 1,996 936,723
Capital One Financial Corp. 7,866 713,761
Cboe Global Markets, Inc. 1,865 193,270
CME Group, Inc. 6,004 1,165,436
Discover Financial Services 5,429 421,236
E*TRADE Financial Corp. 4,100 182,860
Franklin Resources, Inc. 4,970 172,956
Intercontinental Exchange, Inc. 9,459 812,907
Invesco Ltd. 6,687 136,816
Jefferies Financial Group, Inc. 4,261 81,939
MarketAxess Holdings, Inc. 632 203,137
Moody’s Corp. 2,767 540,423
Morgan Stanley 21,439 939,243
MSCI, Inc. 1,423 339,798
Nasdaq, Inc. 1,925 185,127
Northern Trust Corp. 3,660 329,400
Raymond James Financial, Inc. 2,122 179,415
S&P Global, Inc. 4,127 940,089
State Street Corp. 6,270 351,496
Synchrony Financial 10,656 369,444
T. Rowe Price Group, Inc. 3,972 435,768
The Bank of New York Mellon Corp. 14,773 652,228
The Charles Schwab Corp. (a) 19,822 796,646
The Goldman Sachs Group, Inc. 5,705 1,167,243
    20,997,476
 
Energy 5.0%
Anadarko Petroleum Corp. 8,418 593,974
Apache Corp. 6,267 181,555
Baker Hughes, a GE Co. 8,567 211,005
Cabot Oil & Gas Corp. 7,121 163,498
Chevron Corp. 31,942 3,974,862
Cimarex Energy Co. 1,672 99,200
Concho Resources, Inc. 3,364 347,098
ConocoPhillips 18,948 1,155,828
Devon Energy Corp. 6,975 198,927
Diamondback Energy, Inc. 2,599 283,213
EOG Resources, Inc. 9,729 906,354
Exxon Mobil Corp. 70,948 5,436,745
Halliburton Co. 14,570 331,322
Security Number
of Shares 		Value ($)
Helmerich & Payne, Inc. 1,827 92,483
Hess Corp. 4,276 271,825
HollyFrontier Corp. 2,664 123,290
Kinder Morgan, Inc. 32,635 681,419
Marathon Oil Corp. 13,688 194,506
Marathon Petroleum Corp. 11,108 620,715
National-Oilwell Varco, Inc. 6,537 145,317
Noble Energy, Inc. 8,014 179,514
Occidental Petroleum Corp. 12,539 630,461
ONEOK, Inc. 6,936 477,266
Phillips 66 7,001 654,874
Pioneer Natural Resources Co. 2,833 435,885
Schlumberger Ltd. 23,247 923,836
TechnipFMC plc 7,103 184,252
Valero Energy Corp. 6,994 598,756
Williams Cos., Inc. 20,341 570,362
    20,668,342
 
Food & Staples Retailing 1.5%
Costco Wholesale Corp. 7,372 1,948,125
Kroger Co. 13,584 294,909
Sysco Corp. 7,920 560,102
Walgreens Boots Alliance, Inc. 13,022 711,913
Walmart, Inc. 23,452 2,591,211
    6,106,260
 
Food, Beverage & Tobacco 3.9%
Altria Group, Inc. 31,372 1,485,464
Archer-Daniels-Midland Co. 9,426 384,581
Brown-Forman Corp., Class B 2,797 155,038
Campbell Soup Co. 3,190 127,823
Conagra Brands, Inc. 8,097 214,732
Constellation Brands, Inc., Class A 2,803 552,023
General Mills, Inc. 10,039 527,248
Hormel Foods Corp. 4,575 185,471
Kellogg Co. 4,188 224,351
Lamb Weston Holdings, Inc. 2,449 155,169
McCormick & Co., Inc. 2,058 319,011
Molson Coors Brewing Co., Class B 3,155 176,680
Mondelez International, Inc., Class A 24,157 1,302,062
Monster Beverage Corp. * 6,575 419,682
PepsiCo, Inc. 23,505 3,082,211
Philip Morris International, Inc. 26,089 2,048,769
The Coca-Cola Co. 64,382 3,278,332
The Hershey Co. 2,327 311,888
The JM Smucker Co. 1,918 220,934
The Kraft Heinz Co. 10,454 324,492
Tyson Foods, Inc., Class A 4,918 397,079
    15,893,040
 
Health Care Equipment & Services 6.3%
Abbott Laboratories 29,577 2,487,426
ABIOMED, Inc. * 762 198,493
Align Technology, Inc. * 1,216 332,819
AmerisourceBergen Corp. 2,604 222,017
Anthem, Inc. 4,310 1,216,325
Baxter International, Inc. 7,950 651,105
Becton, Dickinson & Co. 4,522 1,139,589
Boston Scientific Corp. * 23,308 1,001,778
Cardinal Health, Inc. 5,039 237,337
Centene Corp. * 6,965 365,245
Cerner Corp. 5,450 399,485
Cigna Corp. * 6,359 1,001,860
CVS Health Corp. 21,776 1,186,574
Danaher Corp. 10,562 1,509,521
 
9
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Security Number
of Shares 		Value ($)
DaVita, Inc. * 2,102 118,259
Dentsply Sirona, Inc. 3,932 229,472
Edwards Lifesciences Corp. * 3,495 645,666
HCA Healthcare, Inc. 4,472 604,480
Henry Schein, Inc. * 2,515 175,799
Hologic, Inc. * 4,514 216,762
Humana, Inc. 2,262 600,109
IDEXX Laboratories, Inc. * 1,447 398,403
Intuitive Surgical, Inc. * 1,935 1,015,004
Laboratory Corp. of America Holdings * 1,650 285,285
McKesson Corp. 3,182 427,629
Medtronic plc 22,479 2,189,230
Quest Diagnostics, Inc. 2,250 229,072
ResMed, Inc. 2,404 293,360
Stryker Corp. 5,190 1,066,960
Teleflex, Inc. 773 255,979
The Cooper Cos., Inc. 830 279,619
UnitedHealth Group, Inc. 15,933 3,887,811
Universal Health Services, Inc., Class B 1,386 180,721
Varian Medical Systems, Inc. * 1,522 207,190
WellCare Health Plans, Inc. * 850 242,309
Zimmer Biomet Holdings, Inc. 3,439 404,908
    25,903,601
 
Household & Personal Products 1.9%
Church & Dwight Co., Inc. 4,146 302,907
Clorox Co. 2,145 328,421
Colgate-Palmolive Co. 14,394 1,031,618
Coty, Inc., Class A 4,942 66,223
Kimberly-Clark Corp. 5,763 768,092
Procter & Gamble Co. 42,061 4,611,989
The Estee Lauder Cos., Inc., Class A 3,677 673,295
    7,782,545
 
Insurance 2.5%
AFLAC, Inc. 12,498 685,015
American International Group, Inc. 14,583 776,982
Aon plc 4,032 778,095
Arthur J. Gallagher & Co. 3,127 273,894
Assurant, Inc. 1,010 107,444
Chubb Ltd. 7,679 1,131,040
Cincinnati Financial Corp. 2,546 263,944
Everest Re Group Ltd. 687 169,813
Lincoln National Corp. 3,414 220,032
Loews Corp. 4,521 247,163
Marsh & McLennan Cos., Inc. 8,575 855,356
MetLife, Inc. 15,930 791,243
Principal Financial Group, Inc. 4,315 249,925
Prudential Financial, Inc. 6,803 687,103
The Allstate Corp. 5,584 567,837
The Hartford Financial Services Group, Inc. 6,072 338,332
The Progressive Corp. 9,789 782,435
The Travelers Cos., Inc. 4,391 656,542
Torchmark Corp. 1,702 152,261
Unum Group 3,566 119,639
Willis Towers Watson plc 2,155 412,769
    10,266,864
 
Materials 2.8%
Air Products & Chemicals, Inc. 3,689 835,079
Albemarle Corp. 1,779 125,259
Amcor plc * 27,143 311,873
Avery Dennison Corp. 1,403 162,299
Ball Corp. 5,628 393,904
Celanese Corp. 2,140 230,692
Security Number
of Shares 		Value ($)
CF Industries Holdings, Inc. 3,696 172,640
Corteva, Inc. * 12,563 371,488
Dow, Inc. * 12,550 618,840
DuPont de Nemours, Inc. 12,552 942,279
Eastman Chemical Co. 2,347 182,667
Ecolab, Inc. 4,251 839,317
FMC Corp. 2,187 181,412
Freeport-McMoRan, Inc. 24,160 280,498
International Flavors & Fragrances, Inc. 1,685 244,477
International Paper Co. 6,677 289,248
Linde plc 9,100 1,827,280
LyondellBasell Industries N.V., Class A 5,113 440,383
Martin Marietta Materials, Inc. 1,056 242,996
Newmont Goldcorp Corp. 13,742 528,655
Nucor Corp. 5,143 283,379
Packaging Corp. of America 1,573 149,938
PPG Industries, Inc. 3,960 462,171
Sealed Air Corp. 2,584 110,543
The Mosaic Co. 6,020 150,681
The Sherwin-Williams Co. 1,361 623,733
Vulcan Materials Co. 2,206 302,906
WestRock Co. 4,276 155,946
    11,460,583
 
Media & Entertainment 8.1%
Activision Blizzard, Inc. 12,842 606,143
Alphabet, Inc., Class A * 5,021 5,436,739
Alphabet, Inc., Class C * 5,139 5,554,797
CBS Corp., Class B — Non Voting Shares 5,925 295,658
Charter Communications, Inc., Class A * 2,884 1,139,699
Comcast Corp., Class A 75,936 3,210,574
Discovery, Inc., Class A * 2,652 81,416
Discovery, Inc., Class C * 6,046 172,009
DISH Network Corp., Class A * 3,871 148,685
Electronic Arts, Inc. * 4,989 505,186
Facebook, Inc., Class A * 40,284 7,774,812
Fox Corp., Class A * 5,916 216,762
Fox Corp., Class B * 2,746 100,311
Netflix, Inc. * 7,331 2,692,823
News Corp., Class A 6,555 88,427
News Corp., Class B 2,000 27,920
Omnicom Group, Inc. 3,691 302,478
Take-Two Interactive Software, Inc. * 1,876 212,982
The Interpublic Group of Cos., Inc. 6,559 148,168
TripAdvisor, Inc. * 1,770 81,933
Twitter, Inc. * 12,247 427,420
Viacom, Inc., Class B 5,906 176,412
Walt Disney Co. 29,269 4,087,123
    33,488,477
 
Pharmaceuticals, Biotechnology & Life Sciences 7.8%
AbbVie, Inc. 24,786 1,802,438
Agilent Technologies, Inc. 5,324 397,543
Alexion Pharmaceuticals, Inc. * 3,763 492,878
Allergan plc 5,166 864,943
Amgen, Inc. 10,225 1,884,263
Biogen, Inc. * 3,250 760,078
Bristol-Myers Squibb Co. 27,422 1,243,588
Celgene Corp. * 11,823 1,092,918
Eli Lilly & Co. 14,485 1,604,793
Gilead Sciences, Inc. 21,316 1,440,109
Illumina, Inc. * 2,464 907,122
Incyte Corp. * 3,003 255,135
IQVIA Holdings, Inc. * 2,641 424,937
Johnson & Johnson 44,519 6,200,606
Merck & Co., Inc. 43,166 3,619,469
 
10
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Security Number
of Shares 		Value ($)
Mettler-Toledo International, Inc. * 418 351,120
Mylan N.V. * 8,655 164,791
Nektar Therapeutics * 2,942 104,676
PerkinElmer, Inc. 1,854 178,614
Perrigo Co., plc 2,092 99,621
Pfizer, Inc. 93,083 4,032,356
Regeneron Pharmaceuticals, Inc. * 1,320 413,160
Thermo Fisher Scientific, Inc. 6,704 1,968,831
Vertex Pharmaceuticals, Inc. * 4,292 787,067
Waters Corp. * 1,172 252,261
Zoetis, Inc. 8,022 910,417
    32,253,734
 
Real Estate 3.0%
Alexandria Real Estate Equities, Inc. 1,893 267,083
American Tower Corp. 7,414 1,515,792
Apartment Investment & Management Co., Class A 2,470 123,796
AvalonBay Communities, Inc. 2,339 475,238
Boston Properties, Inc. 2,578 332,562
CBRE Group, Inc., Class A * 5,206 267,068
Crown Castle International Corp. 6,973 908,931
Digital Realty Trust, Inc. 3,495 411,676
Duke Realty Corp. 6,044 191,051
Equinix, Inc. 1,410 711,049
Equity Residential 6,217 471,995
Essex Property Trust, Inc. 1,103 321,999
Extra Space Storage, Inc. 2,128 225,781
Federal Realty Investment Trust 1,251 161,079
HCP, Inc. 8,057 257,663
Host Hotels & Resorts, Inc. 12,514 228,005
Iron Mountain, Inc. 4,850 151,805
Kimco Realty Corp. 7,033 129,970
Mid-America Apartment Communities, Inc. 1,897 223,391
Prologis, Inc. 10,579 847,378
Public Storage 2,518 599,712
Realty Income Corp. 5,292 364,989
Regency Centers Corp. 2,806 187,272
SBA Communications Corp. * 1,901 427,421
Simon Property Group, Inc. 5,182 827,876
SL Green Realty Corp. 1,390 111,714
The Macerich Co. 1,831 61,320
UDR, Inc. 4,687 210,399
Ventas, Inc. 6,199 423,702
Vornado Realty Trust 2,933 188,005
Welltower, Inc. 6,790 553,589
Weyerhaeuser Co. 12,436 327,564
    12,506,875
 
Retailing 6.6%
Advance Auto Parts, Inc. 1,188 183,118
Amazon.com, Inc. * 6,934 13,130,430
AutoZone, Inc. * 411 451,882
Best Buy Co., Inc. 3,883 270,762
Booking Holdings, Inc. * 726 1,361,039
CarMax, Inc. * 2,802 243,298
Dollar General Corp. 4,325 584,567
Dollar Tree, Inc. * 3,980 427,412
eBay, Inc. 13,729 542,296
Expedia Group, Inc. 1,968 261,803
Foot Locker, Inc. 1,926 80,738
Genuine Parts Co. 2,461 254,910
Kohl’s Corp. 2,760 131,238
L Brands, Inc. 3,861 100,772
LKQ Corp. * 5,253 139,782
Lowe’s Cos., Inc. 13,122 1,324,141
Security Number
of Shares 		Value ($)
Macy’s, Inc. 5,238 112,408
Nordstrom, Inc. 1,751 55,787
O'Reilly Automotive, Inc. * 1,315 485,656
Ross Stores, Inc. 6,167 611,273
Target Corp. 8,584 743,460
The Gap, Inc. 3,423 61,511
The Home Depot, Inc. 18,446 3,836,215
The TJX Cos., Inc. 20,315 1,074,257
Tiffany & Co. 1,821 170,518
Tractor Supply Co. 2,021 219,885
Ulta Salon, Cosmetics & Fragrance, Inc. * 931 322,955
    27,182,113
 
Semiconductors & Semiconductor Equipment 3.7%
Advanced Micro Devices, Inc. * 14,873 451,693
Analog Devices, Inc. 6,203 700,133
Applied Materials, Inc. 15,698 704,997
Broadcom, Inc. 6,638 1,910,815
Intel Corp. 75,074 3,593,792
KLA-Tencor Corp. 2,718 321,268
Lam Research Corp. 2,514 472,230
Maxim Integrated Products, Inc. 4,571 273,437
Microchip Technology, Inc. 3,973 344,459
Micron Technology, Inc. * 18,555 716,037
NVIDIA Corp. 10,212 1,677,117
Qorvo, Inc. * 1,969 131,155
Qualcomm, Inc. 20,385 1,550,687
Skyworks Solutions, Inc. 2,891 223,388
Texas Instruments, Inc. 15,738 1,806,093
Xilinx, Inc. 4,258 502,103
    15,379,404
 
Software & Services 12.0%
Accenture plc, Class A 10,695 1,976,115
Adobe, Inc. * 8,181 2,410,532
Akamai Technologies, Inc. * 2,776 222,469
Alliance Data Systems Corp. 756 105,938
ANSYS, Inc. * 1,416 290,025
Autodesk, Inc. * 3,680 599,472
Automatic Data Processing, Inc. 7,297 1,206,413
Broadridge Financial Solutions, Inc. 1,946 248,465
Cadence Design Systems, Inc. * 4,741 335,710
Citrix Systems, Inc. 2,078 203,935
Cognizant Technology Solutions Corp., Class A 9,544 604,994
DXC Technology Co. 4,473 246,686
Fidelity National Information Services, Inc. 5,429 666,030
Fiserv, Inc. * 6,578 599,651
FleetCor Technologies, Inc. * 1,453 408,075
Fortinet, Inc. * 2,415 185,545
Gartner, Inc. * 1,501 241,571
Global Payments, Inc. 2,631 421,302
International Business Machines Corp. 14,867 2,050,159
Intuit, Inc. 4,346 1,135,740
Jack Henry & Associates, Inc. 1,281 171,552
Mastercard, Inc., Class A 15,071 3,986,732
Microsoft Corp. 128,489 17,212,386
Oracle Corp. 40,687 2,317,938
Paychex, Inc. 5,370 441,897
PayPal Holdings, Inc. * 19,701 2,254,977
Red Hat, Inc. * 2,981 559,713
Salesforce Com, Inc. * 13,019 1,975,373
Symantec Corp. 10,458 227,566
Synopsys, Inc. * 2,513 323,398
The Western Union Co. 7,154 142,293
Total System Services, Inc. 2,731 350,305
 
11
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Security Number
of Shares 		Value ($)
VeriSign, Inc. * 1,759 367,912
Visa, Inc., Class A 29,162 5,061,065
    49,551,934
 
Technology Hardware & Equipment 5.6%
Amphenol Corp., Class A 5,007 480,372
Apple, Inc. 73,295 14,506,546
Arista Networks, Inc. * 893 231,841
Cisco Systems, Inc. 71,772 3,928,081
Corning, Inc. 13,159 437,274
F5 Networks, Inc. * 1,004 146,212
FLIR Systems, Inc. 2,277 123,186
Hewlett Packard Enterprise Co. 22,480 336,076
HP, Inc. 25,275 525,467
IPG Photonics Corp. * 593 91,470
Juniper Networks, Inc. 5,737 152,776
Keysight Technologies, Inc. * 3,164 284,159
Motorola Solutions, Inc. 2,760 460,175
NetApp, Inc. 4,115 253,895
Seagate Technology plc 4,213 198,517
TE Connectivity Ltd. 5,651 541,253
Western Digital Corp. 4,865 231,331
Xerox Corp. 3,299 116,818
    23,045,449
 
Telecommunication Services 2.0%
AT&T, Inc. 122,361 4,100,317
CenturyLink, Inc. 16,158 190,018
Verizon Communications, Inc. 69,343 3,961,566
    8,251,901
 
Transportation 2.0%
Alaska Air Group, Inc. 2,101 134,275
American Airlines Group, Inc. 6,647 216,758
C.H. Robinson Worldwide, Inc. 2,270 191,474
CSX Corp. 12,894 997,609
Delta Air Lines, Inc. 9,979 566,308
Expeditors International of Washington, Inc. 2,887 219,008
FedEx Corp. 4,020 660,044
J.B. Hunt Transport Services, Inc. 1,455 133,001
Kansas City Southern 1,674 203,927
Norfolk Southern Corp. 4,460 889,012
Southwest Airlines Co. 8,200 416,396
Union Pacific Corp. 11,871 2,007,505
United Continental Holdings, Inc. * 3,698 323,760
United Parcel Service, Inc., Class B 11,699 1,208,156
    8,167,233
 
Utilities 3.3%
Alliant Energy Corp. 3,967 194,700
Ameren Corp. 4,117 309,228
American Electric Power Co., Inc. 8,266 727,491
Security Number
of Shares 		Value ($)
American Water Works Co., Inc. 3,026 351,016
Atmos Energy Corp. 1,961 207,003
CenterPoint Energy, Inc. 8,478 242,725
CMS Energy Corp. 4,771 276,289
Consolidated Edison, Inc. 5,479 480,399
Dominion Energy, Inc. 13,455 1,040,341
DTE Energy Co. 3,072 392,847
Duke Energy Corp. 12,208 1,077,234
Edison International 5,442 366,845
Entergy Corp. 3,171 326,391
Evergy, Inc. 4,115 247,517
Eversource Energy 5,376 407,286
Exelon Corp. 16,274 780,176
FirstEnergy Corp. 8,497 363,757
NextEra Energy, Inc. 8,032 1,645,435
NiSource, Inc. 6,219 179,107
NRG Energy, Inc. 4,546 159,655
Pinnacle West Capital Corp. 1,867 175,666
PPL Corp. 12,161 377,113
Public Service Enterprise Group, Inc. 8,471 498,264
Sempra Energy 4,600 632,224
The AES Corp. 11,097 185,986
The Southern Co. 17,447 964,470
WEC Energy Group, Inc. 5,294 441,361
Xcel Energy, Inc. 8,615 512,506
    13,563,032
Total Common Stock
(Cost $186,329,881)   409,728,973
Issuer
Rate, Maturity Date 		Face
Amount ($) 		Value ($)
Short-Term Investment 0.3% of net assets
 
Time Deposit 0.3%
Australia & New Zealand Banking Group Ltd.
1.76%, 07/01/19 (b) 1,206,911 1,206,911
Total Short-Term Investment
(Cost $1,206,911)   1,206,911
    
  Number of
Contracts 		Notional
Amount
($) 		Current Value/
Unrealized
Appreciation
($)
Futures Contracts  
Long  
S&P 500 Index, e-mini, expires 09/20/19 10 1,472,100 18,091
* Non-income producing security.
(a) Issuer is affiliated with the fund’s investment adviser.
(b) The rate shown is the current daily overnight rate.
 
The fund owns shares of an affiliate, The Charles Schwab Corp., since that company is included in its index. Below is the summary of investment activities involving The Charles Schwab Corp. shares during the period ended June 30, 2019:
  Market
Value at
12/31/18 		Gross
Purchases 		Gross
Sales 		Realized
Gains (Losses) 		Net Change
in Unrealized
Appreciation
(depreciation) 		Market
Value at
06/30/19 		Balance
of Shares
Held at
06/30/19 		Distributions
Received
The Charles Schwab Corp. $800,117 $45,251 ($21,460) ($5,319) ($21,943) $796,646 19,822 $6,601
    
12
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
The following is a summary of the inputs used to value the fund’s investments as of June 30, 2019 (see financial note 2(a) for additional information):
Description Quoted Prices in
Active Markets for
Identical Assets
(Level 1) 		Other Significant
Observable Inputs
(Level 2) 		Significant
Unobservable Inputs
(Level 3) 		Total  
Assets          
Common Stock1 $409,728,973 $— $— $409,728,973  
Short-Term Investment1 — 1,206,911 — 1,206,911  
Futures Contracts2 18,091 — — 18,091  
Total $409,747,064 $1,206,911 $— $410,953,975  
1 As categorized in Portfolio Holdings.
2 Futures contracts are valued at unrealized appreciation or depreciation.
13
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Statement of Assets and Liabilities
As of June 30, 2019; unaudited
Assets
Investment in affiliated issuer, at value (cost $380,270)   $796,646
Investments in unaffiliated issuers, at value (cost $187,156,522)   410,139,238
Deposit with broker for futures contracts   126,000
Receivables:    
Fund shares sold   956,286
Dividends   335,626
Variation margin on futures contracts   7,323
Interest + 175
Total assets   412,361,294
Liabilities
Payables:    
Investments bought   203,141
Investment adviser fees   9,226
Fund shares redeemed + 62,917
Total liabilities   275,284
Net Assets
Total assets   412,361,294
Total liabilities – 275,284
Net assets   $412,086,010
Net Assets by Source    
Capital received from investors   188,192,405
Total distributable earnings   223,893,605
    
Net Asset Value (NAV)
Net Assets ÷ Shares
Outstanding 		= NAV
$412,086,010   9,626,719   $42.81
         
14
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Statement of Operations
For the period January 1, 2019 through June 30, 2019; unaudited
Investment Income
Dividends received from affiliated issuer   $6,601
Dividends received from unaffiliated issuers   3,911,636
Interest   8,995
Securities on loan, net + 10,204
Total investment income   3,937,436
Expenses
Investment adviser fees   56,682
Total expenses – 56,682
Net investment income   3,880,754
Realized and Unrealized Gains (Losses)
Net realized losses on affiliated issuer   (5,319)
Net realized losses on unaffiliated issuers   (942,895)
Net realized gains on futures contracts + 190,495
Net realized losses   (757,719)
Net change in unrealized appreciation (depreciation) on affiliated issuer   (21,943)
Net change in unrealized appreciation (depreciation) on unaffiliated issuers   59,860,062
Net change in unrealized appreciation (depreciation) on futures contracts + 45,914
Net change in unrealized appreciation (depreciation) + 59,884,033
Net realized and unrealized gains   59,126,314
Increase in net assets resulting from operations   $63,007,068
15
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Statement of Changes in Net Assets
For the current and prior report periods
Figures for the current period are unaudited
Operations  
  1/1/19-6/30/19 1/1/18-12/31/18
Net investment income   $3,880,754 $7,354,046
Net realized gains (losses)   (757,719) 3,064,536
Net change in unrealized appreciation (depreciation) + 59,884,033 (26,575,403)
Increase (decrease) in net assets from operations   63,007,068 (16,156,821)
Distributions to Shareholders  
Total distributions   ($10,956,502) ($6,399,171)
    
Transactions in Fund Shares      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES VALUE SHARES VALUE
Shares sold   899,981 $37,906,029 1,649,011 $66,928,090
Shares reinvested   255,933 10,956,502 160,622 6,399,171
Shares redeemed + (696,113) (28,935,051) (1,387,798) (56,222,136)
Net transactions in fund shares   459,801 $19,927,480 421,835 $17,105,125
Shares Outstanding and Net Assets      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES NET ASSETS SHARES NET ASSETS
Beginning of period   9,166,918 $340,107,964 8,745,083 $345,558,831
Total increase or decrease + 459,801 71,978,046 421,835 (5,450,867)
End of period   9,626,719 $412,086,010 9,166,918 $340,107,964
16
Schwab S&P 500 Index Portfolio  |  Semiannual Report
See financial notes

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited
1. Business Structure of the Fund:
Schwab S&P 500 Index Portfolio (the fund) is a series of Schwab Annuity Portfolios (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 funds in the trust as of the end of the period, including the fund discussed in this report, which is highlighted:
SCHWAB ANNUITY PORTFOLIOS (ORGANIZED JANUARY 21, 1994)
Schwab Government Money Market Portfolio  
Schwab S&P 500 Index Portfolio  
Schwab VIT Balanced Portfolio  
Schwab VIT Balanced with Growth Portfolio  
Schwab VIT Growth Portfolio  
The fund in this report offers one share class. Shares are bought and sold at closing net asset value per share (NAV), 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 (the Board) may authorize the issuance of as many shares as necessary.
The fund is intended as an investment vehicle for variable annuity contracts and variable life insurance policies to be offered by separate accounts of participating life insurance companies and for pension and retirement plans qualified under the Internal Revenue Code of 1986, as amended. At June 30, 2019, 100% of the fund’s shares were held through a separate account of one insurance company. Subscriptions and redemptions of this insurance separate account could have a material impact on the fund.
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.
    
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 Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).
(a) Security Valuation:
Under procedures approved by 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 market 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. 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.
•   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.
17
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
•   Futures contracts: Futures contracts are valued at their settlement prices as of the close of their exchanges.
•   Underlying funds: Mutual funds are valued at their respective NAVs.
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 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 and futures contracts. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices, without consideration to the classification level of the specific investments 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.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of June 30, 2019 are disclosed in the 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. A 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 a 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 market value may change daily.
Cash Management Transactions: The fund may subscribe to the Brown Brothers Harriman & Co. (BBH) Cash Management Service Sweep (CMS Sweep). The BBH CMS Sweep is an investment product that automatically sweeps the fund’s cash balances into overnight offshore time deposits with either the BBH Grand Cayman branch or a branch of a pre-approved commercial bank. This fully automated program allows the fund to earn interest on cash balances. Excess cash invested with deposit institutions domiciled outside of the U.S., as with any offshore deposit, may be subject to sovereign actions in the jurisdiction of the deposit institution
18
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
including, but not limited to, freeze, seizure or diminution. The fund bears the risk associated with the repayment of principal and payment of interest on such instruments by the institution with which the deposit is ultimately placed. Balances in the CMS Sweep are accounted for on a cost basis, which approximates market value.
Securities Lending: Under the trust’s Securities Lending Program, a 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 under Rule 2a-7 of 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 fund, including collateral received from the loan. Securities lending fees paid to the unaffiliated lending agents start at 10% of gross lending revenue, with subsequent breakpoints to a low of 7.5%. 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 Charles Schwab Investment Management, Inc. (CSIM or the investment adviser) or any affiliate of CSIM.
As of June 30, 2019, the fund had no securities on loan.
(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. 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.
When a 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.
(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 day it learns of the ex-dividend date. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.
(e) Expenses:
Pursuant to an Amended and Restated Investment Advisory and Administration Agreement (Advisory Agreement) between CSIM and the fund, CSIM 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.
(f) Distributions to Shareholders:
The fund makes distributions from net investment income and net realized capital gains, if any, once a year.
19
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
(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 the participating insurance company’s (shareholders) separate accounts each year. As long as the fund meets the tax requirements, it is not required to pay federal income tax.
(i) 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.
(j) Recent Accounting Standards:
In August 2018, the FASB issued Accounting Standards Update “Fair Value Measurement (Topic 820)” (ASU 2018-13) which modifies the disclosure requirements for fair value measurement by removing, modifying, or adding certain disclosures. The amendments are effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The fund is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The fund has early adopted certain removed or modified disclosures, including the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of transfers between levels upon issuance of ASU 2018-13, and has delayed adoption of the additional disclosures until their effective date. At this time, management is currently evaluating the impact that the adoption of the additional disclosures will have on the fund’s financial statements.
    
3. Risk Factors:
Market Risk. Financial markets rise and fall in response to a variety of factors, sometimes rapidly and unpredictably. As with any investment whose performance is tied to these markets, the value of an investment in the fund will fluctuate, which means that an investor could lose money over short or long periods.
Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
Investment Style Risk. The fund primarily follows the large-cap portion of the U.S. stock market, as measured by the index. It follows these stocks during upturns as well as downturns. Because of its indexing strategy, the fund does not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of the fund’s expenses, the fund’s performance is normally below that of the index.
A significant percentage of the index may be composed of securities in a single industry or sector of the economy. If the fund is focused in an industry or sector, it may present more risks than if it were broadly diversified over numerous industries and sectors of the economy.
Tracking Error Risk. As an index fund, the fund seeks to track the performance of its benchmark index, although it may not be successful in doing so. The divergence between the performance of a fund and its benchmark index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
Market Capitalization Risk. Securities issued by companies of different market capitalizations tend to go in and out of favor based on market and economic conditions. During a period when securities of a particular market capitalization fall behind other types of investments, the fund’s performance could be impacted.
20
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
Large-Cap Company Risk. Large-cap companies are generally more mature and the securities issued by these companies may not be able to reach the same levels of growth as the securities issued by small- or mid-cap companies.
Concentration Risk. To the extent that the fund’s or the index’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector, or asset class, the fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more vulnerable to adverse economic, market, political or regulatory occurrences affecting that market, industry, group of industries, sector, or asset class.
Derivatives Risk. The fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments and could cause the fund to lose more than the principal amount invested. In addition, investments in derivatives may involve leverage, which means a small percentage of assets invested in derivatives can have a disproportionately large impact on the fund.
Liquidity Risk. The fund may be unable to sell certain securities, such as illiquid securities, readily at a favorable time or price, or the fund may have to sell them at a loss.
Security Lending Risk. Securities lending risk involves the risk of loss of rights in, or delay in recovery of, the loaned securities if the borrower fails to return the security loaned or becomes insolvent.
Please refer to the fund’s prospectus for a more complete description of the principal risks of investing in the fund.
    
4. Affiliates and Affiliated Transactions:
Investment Adviser
CSIM, a wholly owned subsidiary of The Charles Schwab Corporation (CSC), serves as the fund’s investment adviser and administrator pursuant to an Advisory Agreement between CSIM and the trust.
For its advisory services to the fund, CSIM is entitled to receive an annual fee, payable monthly, equal to 0.03% of the fund’s average daily net assets.
Interfund Transactions
The fund may engage in transactions with certain other funds in the Fund Complex (for definition refer to Trustees and Officers section) when permitted by applicable law. When one fund is seeking to sell a security that another is seeking to buy, an interfund transaction can allow both funds to benefit by reducing transaction costs. This practice is limited to funds that share the same investment adviser, trustees and/or officers. For the period ended June 30, 2019, the fund’s total aggregate security transactions with other funds in the Fund Complex was $3,704,406 and includes realized losses of ($74,030).
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 Fund 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. The fund had no interfund borrowing or lending activity during the period.
    
5. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM 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 does not pay any interested or non-interested (independent trustees) trustees. The independent trustees are paid by CSIM. For information regarding the trustees, please refer to the Trustees and Officers table at the end of this report.
21
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited (continued)
6. Borrowing from Banks:
During the period, the fund was a participant with other U.S. registered investment companies managed by CSIM in a joint, syndicated, committed $750 million line of credit (the Syndicated Credit Facility), maturing on October 3, 2019. Under the terms of the Syndicated Credit Facility, in addition to CSIM paying the interest charged on any borrowings by a fund, CSIM 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 U.S. registered investment companies managed by CSIM in a joint, unsecured, uncommitted $500 million line of credit (the Uncommitted Credit Facility), with State Street Bank and Trust Company, maturing on November 29, 2019. Under the terms of the Uncommitted Credit Facility, CSIM pays interest on the amount a fund borrows. There were no borrowings 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 CSIM. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
    
7. Purchases and Sales/Maturities of Investment Securities:
For the period ended June 30, 2019, purchases and sales/maturities of securities (excluding short-term obligations) were as follows:
Purchases
of Securities 		Sales
of Securities
$21,911,062 $9,850,562
    
8. Derivatives:
The fund entered into equity index futures contracts during the report period. The fund invested in futures contracts to equitize available cash. The current value and variation margin for futures contracts held at June 30, 2019 are presented on the Portfolio Holdings and Statement of Assets and Liabilities, respectively. The net realized and change in unrealized gains (losses) on futures contracts are presented on the Statement of Operations. Refer to financial note 2(b) for the fund’s accounting policies with respect to futures contracts and financial note 3 for disclosures concerning the risks of investing in futures contracts. During the period ended June 30, 2019, 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 Amounts Number of Contracts
  $1,451,371 10
    
9. Federal Income Taxes:
As of June 30, 2019, the tax basis cost of the fund’s investments and gross unrealized appreciation and depreciation were as follows:
Tax cost $191,265,380
Gross unrealized appreciation $225,364,557
Gross unrealized depreciation (5,675,962)
Net unrealized appreciation (depreciation) $219,688,595
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of December 31, 2018, the fund had no capital loss carryforwards available to offset future net capital gains.
The tax-basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of June 30, 2019. The tax-basis components of distributions paid during the year ended December 31, 2018, were as follows:
Ordinary income $6,206,253
Long-term capital gains 192,918
22
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Financial Notes, unaudited (continued)
9. Federal Income Taxes (continued):
As of December 31, 2018, 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. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended December 31, 2018, the fund did not incur any interest or penalties.
    
10. 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.
23
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Investment Advisory Agreement Approval
The Investment Company Act of 1940 (the 1940 Act) requires that the continuation of a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (the Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
The Board of Trustees (the Board or the Trustees, as appropriate) calls and holds one or more meetings each year that are dedicated, in whole or in part, to considering whether to renew the amended and restated investment advisory and administration agreement (the Agreement) between Schwab Annuity Portfolios (the Trust) and Charles Schwab Investment Management, Inc. (CSIM) with respect to the existing funds in the Trust, including Schwab S&P 500 Index Portfolio (the Fund), and to review certain other agreements pursuant to which CSIM provides investment advisory services to certain other registered investment companies. In preparation for the meeting(s), the Board requests and reviews a wide variety of materials provided by CSIM, including information about CSIM’s affiliates, personnel, business goals and priorities, profitability, third-party oversight, corporate structure and operations. The Board also receives extensive data provided by an independent provider of investment company data. This information is in addition to the detailed information about the Fund that the Board reviews during the course of each year, including information that relates to the Fund’s operations and performance, legal and compliance matters, risk management, portfolio turnover, and sales and marketing activity. The Independent Trustees receive advice from Independent Trustees’ legal counsel, including a memorandum regarding the responsibilities of trustees for the approval of investment advisory agreements. In addition, the Independent Trustees meet in executive session outside the presence of Fund management and participate in question and answer sessions with representatives of CSIM.
The Board, including a majority of the Independent Trustees, considered information specifically relating to the continuance of the Agreement with respect to the Fund at meetings held on May 13, 2019 and June 4, 2019, and approved the renewal of the Agreement with respect to the Fund for an additional one-year term at the meeting held on June 4, 2019. The Board’s approval of the continuance of the Agreement with respect to the Fund was based on consideration and
evaluation of a variety of specific factors discussed at these meetings and at prior meetings, including:
1. the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund;
2. the Fund’s investment performance and how it compared to that of certain other comparable mutual funds and benchmark data;
3. the Fund’s expenses and how those expenses compared to those of certain other similar mutual funds;
4. the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and
5. the extent to which economies of scale would be realized as the Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors.
Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund. In this regard, the Trustees evaluated, among other things, CSIM’s experience, track record, compliance program, resources dedicated to hiring and retaining skilled personnel and specialized talent, and information security resources. The Trustees also considered information provided by CSIM relating to services and support provided with respect to the Fund’s portfolio management team, portfolio strategy, and internal investment guidelines, as well as trading infrastructure, liquidity management, product design and analysis, shareholder communications, securities valuation, fund accounting and custody, and vendor and risk oversight. The Trustees also considered investments CSIM has made in its infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise in key areas (including portfolio management and trade operations), and improving business continuity, cybersecurity, due diligence, risk management processes, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders. The Trustees also considered Schwab’s wide range of products, services, and channel alternatives such as investment research tools and an array of account features that benefit the Fund and certain of its shareholders. Finally, the Trustees also considered Schwab’s reputation as a full service brokerage firm and its overall financial condition. Following such evaluation, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund supported renewal of the Agreement with respect to the Fund.
 
24
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Fund Performance. The Board considered the Fund’s performance in determining whether to renew the Agreement with respect to the Fund. Specifically, the Trustees considered the Fund’s performance relative to a peer category of other mutual funds and applicable indices/benchmarks, in light of total return and market trends, as well as in consideration of the Fund’s investment style and strategy attributes and disclosures. As part of this review, the Trustees considered the composition of the peer category, selection criteria and the reputation of the independent provider of investment company data who prepared the peer category analysis. In evaluating the performance of the Fund, the Trustees considered the risk profile for the Fund and such Fund’s demonstrated performance in tracking its benchmark index. The Trustees further considered the level of Fund performance in the context of their review of Fund expenses and adviser profitability discussed below and also noted that performance is reviewed throughout the year by a designated committee of the Board and by the Board. Following such evaluation the Board concluded, within the context of its full deliberations, that the performance of the Fund supported renewal of the Agreement with respect to the Fund.
Fund Expenses. With respect to the Fund’s expenses, the Trustees considered the rate of compensation called for by the Agreement in comparison to those of other similar mutual funds, such peer groups and comparisons having been selected and calculated by an independent provider of investment company data. CSIM reported to the Board, and the Board took into account, the risk assumed by CSIM in the development of products and provision of services as well as the competitive marketplace for financial products. The Trustees also considered fees charged by CSIM to other mutual funds and the unique insurance dedicated distribution arrangements of the Fund as compared to other funds managed by CSIM. Following such evaluation, the Board concluded, within the context of its full deliberations, that the expenses of the Fund are reasonable and supported renewal of the Agreement with respect to the Fund.
Profitability. The Trustees considered the compensation flowing to CSIM and its affiliates, directly or indirectly and reviewed profitability on a pre-tax basis, without regard to distribution expenses. In this connection, the Trustees reviewed management’s profitability analyses. The Trustees also reviewed profitability of CSIM relating to the Schwab fund complex as a whole, noting the benefit to Fund shareholders of being part of the Schwab fund complex, including the allocations of certain fixed costs across other funds in the complex. The Trustees also considered any other benefits derived by CSIM from its relationship with the Fund, such as whether, by virtue of its management of the Fund, CSIM obtains investment information or other research resources that aid it in providing advisory services to other clients. The Trustees considered whether the compensation and profitability with respect to the Fund under the Agreement and other service agreements were reasonable and justified in light
of the quality of all services rendered to the Fund by CSIM and its affiliates. The Trustees noted that CSIM continues to invest substantial sums in its business in order to provide enhanced research capabilities, services, and systems to benefit the Fund. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the profitability of CSIM is reasonable and supported renewal of the Agreement with respect to the Fund.
Economies of Scale. Although the Trustees recognized the difficulty of determining economies of scale with precision, the Trustees considered the potential existence of any economies of scale and whether those are passed along to the Fund’s shareholders by way of the relatively low advisory fee and unitary fee structure of the Fund through (i) the enhancement of services provided to the Fund in return for fees paid, including through investments by CSIM in CSIM’s infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise and capabilities in key areas (including portfolio and trade operations), and improving business continuity, cybersecurity, due diligence, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders; (ii) graduated investment advisory fee schedules, fee waivers, or expense caps by CSIM and its affiliates for those funds with such features; and (iii) pricing a fund to scale and keeping overall expenses down as the fund grows. The Trustees acknowledged that CSIM has shared any economies of scale with the Fund by investing in CSIM’s infrastructure, as discussed above, over time and that CSIM’s internal costs of providing investment management, technology, administrative, legal and compliance services to the Fund continues to increase as a result of regulatory or other developments. The Trustees considered that CSIM and its affiliates may employ contractual expense caps to protect shareholders from high fees when fund assets are relatively small, for example, in the case of newer funds or funds with investment strategies that are from time to time out of favor, because, among other reasons, shareholders may benefit from the continued availability of such funds at subsidized expense levels. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the Fund obtains reasonable benefits from economies of scale.
In the course of their deliberations, the Trustees may have accorded different weights to various factors and did not identify any particular information or factor that was all important or controlling. Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, approved the continuation of the Agreement with respect to the Fund and concluded that the compensation under the Agreement with respect to the Fund is fair and reasonable in light of such services and expenses and such other matters as the Trustees have considered to be relevant in the exercise of their reasonable judgment.
 
25
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Trustees and Officers
The tables below give information about the trustees and officers of Schwab Annuity Portfolios, which includes the fund covered in this report. The “Fund Complex” includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust. The Fund Complex includes 98 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the fund’s Statement of Additional Information, which is available free by calling 1-877-824-5615.
Independent Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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 (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. 98 None
John F. Cogan
1947
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. 98 Director (2005 – present), Gilead Sciences, Inc.
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) 		President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). 98 None
Stephen Timothy Kochis
1946
Trustee
(Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) 		CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). 98 None
26
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Independent Trustees (continued)
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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. 98 Director (2003 – present), Symantec Corporation
Director (2004 – present), Corcept Therapeutics Incorporated
Director (2009 – present), Adamas Pharmaceuticals, Inc.
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) 		Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). 98 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. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). 98 Director (2008 – present), KLA-Tencor Corporation
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). 98 None
Gerald B. Smith
1950
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). 98 Director (2012 – present), Eaton
    
27
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Interested Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
Walter W. Bettinger II2
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) 		Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. 98 Director (2008 – present), The Charles Schwab Corporation
Jonathan de St. Paer2
1973
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) 		Director and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. 98 None
Joseph R. Martinetto2
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) 		Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. 98 None
    
Officers of the Trust
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
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 and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc.
28
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Schwab S&P 500 Index Portfolio
Officers of the Trust (continued)
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
Mark Fischer
1970
Treasurer and Chief Financial 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 and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management.
George Pereira
1964
Senior Vice President and Chief Operating Officer
(Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) 		Senior Vice President and Chief Financial Officer (Nov. 2004 – present) and Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Treasurer and Chief Financial Officer (June 2006 – Dec. 2015), Laudus Funds; Treasurer and Principal Financial Officer (Nov. 2004 – Dec. 2015), Schwab Funds; Treasurer and Principal Financial Officer (Oct. 2009 – Dec. 2015), Schwab ETFs; Director (Apr. 2005 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited.
Omar Aguilar
1970
Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies
(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 – Equities and Multi-Asset Strategies (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management.
Brett Wander
1961
Senior Vice President and Chief Investment Officer – Fixed Income
(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 – Fixed Income (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm).
David Lekich
1964
Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs
Vice President and Assistant Clerk, Laudus Funds
(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 (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs.
Catherine MacGregor
1964
Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs
Chief Legal Officer, Vice President and Clerk, Laudus Funds
(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) 		Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs.
1 Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first.
2 Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co.
3 The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board.
29
Schwab S&P 500 Index Portfolio  |  Semiannual Report

 

Notes

Semiannual Report  |  June 30, 2019
Schwab VIT Balanced Portfolio

 

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 Fund’s website at www.schwabfunds.com/schwabfunds_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 Schwab’s website at www.schwabfunds.com/schwabfunds_prospectus or the SEC’s website at www.sec.gov.
Investment Adviser: Charles Schwab Investment Management, Inc. (CSIM)

 

Schwab VIT Balanced Portfolio
The Investment Environment
Over the six-month reporting period ended June 30, 2019, global equity and fixed-income markets recovered from 2018’s year-end weakness, generating positive returns. U.S. markets were particularly strong, with major market indices achieving multiple record highs during the period. Although trade tensions between the U.S. and China, as well as the U.S. and Mexico, continued during the period, volatility subsided for the most part, rising slightly as stocks weakened in early May when negotiations between China and the U.S. stalled. The U.S. dollar, as measured against a basket of international currencies, hit a two-year high in May before falling back slightly. In this environment, the S&P 500® Index, a bellwether for the overall U.S. stock market, returned 18.54% for the reporting period. For the same period, the MSCI EAFE® Index (Net)*, a broad measure of developed international equity performance, returned 14.03%, and the MSCI Emerging Markets Index (Net)* returned 10.58%. The Bloomberg Barclays US Aggregate Bond Index returned 6.11% for the reporting period, and the FTSE non–US Dollar World Government Bond Index returned 5.50%.
The U.S. economy demonstrated continued growth despite lingering uncertainties globally. Oil prices, which had fallen steeply at the end of 2018, rebounded through the first four months of the period as major exporters sought to curb supply and central banks took steps to ease growth-related fears, before dipping in May when trade concerns escalated. In the U.S., gross domestic product (GDP) grew at an annual rate of 3.1% in the first quarter of 2019, up from 2.2% in the last quarter of 2018. The labor market remained strong, with the unemployment rate near an 18-year low. The inflation rate ended the reporting period lower than at the beginning of the reporting period, but up from earlier lows in January and February. Consumer confidence, which had fallen steeply in December, recovered to a near 18-year high by period-end. U.S. manufacturing slowed, however, as manufacturers grappled with a cooling global economy and uncertainty surrounding trade and tariffs.
Outside the U.S., conditions were softer, though many economies showed moderate strength during the reporting period. The eurozone and China showed particular resiliency, with both reporting positive GDP growth in the first quarter of 2019, exceeding expectations, although both showed signs of cooling toward the end of the period.
Asset Class Performance Comparison % returns during the 6 months ended June 30, 2019    
 
Index figures 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. Past performance is not an indication of future results.
For index definitions, please see the Glossary.
Data source: Index provider websites and CSIM.
Nothing in this report represents a recommendation of a security by the investment adviser.
Management views 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.
1
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
The Investment Environment (continued)
Across the globe, monetary policy mostly remained accommodative, with several central banks scaling back plans to raise interest rates. In the U.S., after enacting four short-term interest rate hikes in 2018, the Federal Reserve (Fed) held rates steady at its meetings in January, March, May, and June 2019. With the Fed having declared its intent to remain “patient” earlier in the reporting period, by June markets began to expect possible rate cuts later in 2019 due to increased uncertainties regarding the global economic outlook and the Fed’s intent to monitor incoming information in order to sustain U.S. economic expansion. The federal funds rate ended the reporting period in a target range of 2.25% to 2.50%. The Fed also announced that, in September, it would end its program of allowing securities to mature without reinvesting the proceeds to reduce the size of its balance sheet.
Outside the U.S., the European Central Bank has held interest rates unchanged since early 2016 and in June announced that it would likely maintain those rates through mid-2020. Also in June, the Bank of Japan upheld its short-term interest rate target of –0.1%, also unchanged since 2016, and maintained its pledge to keep interest rates extremely low for an extended period. The Bank of England held its key interest rate steady at 0.75% at its June meeting and warned that it expected growth to be flat in the second quarter of 2019 due to global trade tensions and the perceived likelihood of a no-deal Brexit.
Trade tensions, global growth fears, and expectations for policy easing steered investors to less-risky assets, driving a rally in the bond market during the reporting period and pushing yields lower. (Bond yields and bond prices move in opposite directions.) The U.S. bond yield curve flattened and subsequently certain parts of the yield curve inverted as short-term yields exceeded long-term yields, raising recession concerns. The yield on the 3-month Treasury bill, which typically responds to changes in the federal funds rate, fell from 2.45% at the outset of the reporting period to 2.12% at its close.1 Longer-term yields, which are generally driven by inflation expectations and growth forecasts, also declined with the 10-year Treasury yield falling from 2.69% to 2.00% over the reporting period.1 Outside the U.S., bond yields generally remained low.
1 Data source for yields: U.S. Department of the Treasury
2
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Portfolio Management
Zifan Tang, Ph.D., CFA, Senior Portfolio Manager, is responsible for the co-management of the fund. She has served as portfolio manager of the fund since July 2012. Prior to joining CSIM in 2012, Ms. Tang was a product manager at Thomson Reuters and, from 1997 to 2009, worked as a portfolio manager at Barclays Global Investors, which was subsequently acquired by BlackRock.
    
Patrick Kwok, CFA, Portfolio Manager, is responsible for the co-management of the fund. He has served as portfolio manager of the fund since April 2019. Prior to joining CSIM in 2008, Mr. Kwok spent two years as an asset operations specialist at Charles Schwab Trust Company. He also previously worked for one year at State Street Bank & Trust as a portfolio accountant and pricing specialist.
3
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value 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.schwabfunds.com/schwabfunds_prospectus.    
 
Average Annual Total Returns1
Fund and Inception Date 6 Months 1 Year 5 Years Since Inception
Fund: Schwab VIT Balanced Portfolio (07/25/12) 9.33% 4.81% 3.20% 4.72%
VIT Balanced Composite Index 9.75% 5.43% 3.89% 5.43%
S&P 500® Index 18.54% 10.42% 10.71% 14.40%
Bloomberg Barclays US Aggregate Bond Index 6.11% 7.87% 2.95% 2.43%
Fund Category: Morningstar Allocation – 30% to 50% Equity2 10.11% 6.00% 4.15% N/A
Fund Expense Ratio3: 0.66%
All total return figures 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.
The first index listed for the fund is the fund’s primary benchmark, as shown in the prospectus. Additional indices are provided for comparative purposes.
The components that make up the composite index may vary over time. For index definitions, please see the Glossary.
1 Fund expenses may have been partially absorbed by CSIM and its affiliates. Without these reductions, the fund’s returns would have been lower. Fund performance does not reflect the additional fees and expenses imposed by the insurance company under the variable insurance product contract. If those contract fees and expenses were included, the performance would be less than that shown. Please refer to the variable insurance product prospectus for a complete listing of these expenses.
2 Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds within the category as of the report date.
3 As stated in the prospectus. Includes 0.11% of acquired fund fees and expenses (AFFE), which are indirect expenses incurred by the fund through its investments in the underlying funds. Reflects the total annual operating expenses without contractual fee waivers. For actual expense ratios during the period, not including AFFE, refer to the Financial Highlights section of the financial statements.
4
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Performance and Fund Facts as of June 30, 2019
Statistics
Number of Holdings 14
Portfolio Turnover Rate 7% 1
Asset Class Weightings % of Investments2,3
 
    
Top Holdings % of Net Assets4,5
    
Portfolio holdings may have changed since the report date.
1 Not annualized.
2 The fund intends to primarily invest in affiliated Schwab ETFs and unaffiliated third-party ETFs. The fund may also invest in affiliated Schwab and Laudus mutual funds and unaffiliated third party mutual funds (all such ETFs and mutual funds referred to as “underlying funds”). The fund may also invest directly in equity or fixed income securities, and money market investments to achieve its investment objectives.
3 The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.
4 This list is not a recommendation of any security by the investment adviser.
5 The holdings listed exclude any temporary liquidity investments.
5
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, transfer agent fees, and other fund expenses.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in the fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning January 1, 2019 and held through June 30, 2019.
The Actual Return line in the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number given for the fund under the heading entitled “Expenses Paid During Period.”
The Hypothetical Return line in the table below provides information about hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
  Expense Ratio
(Annualized)1,2 		Effective
Expense Ratio
(Annualized)3,4 		Beginning
Account Value
at 1/1/19 		Ending
Account Value
(Net of Expenses)
at 6/30/192 		Expenses Paid
During Period
1/1/19-6/30/192,5 		Effective
Expenses Paid
During Period
1/1/19-6/30/194,5
Schwab VIT Balanced Portfolio            
Actual Return 0.55% 0.66% $1,000.00 $1,093.30 $2.85 $3.43
Hypothetical 5% Return 0.55% 0.66% $1,000.00 $1,022.07 $2.76 $3.31
    
1 Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights.
2 Excludes acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in underlying funds.
3 Based on the most recent six-month acquired fund fees and expense ratio; may differ from the acquired fund fees and expense ratio in the prospectus.
4 Includes acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in underlying funds.
5 Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days of the period, and divided by the 365 days of the fiscal year.
6
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Statements
Financial Highlights
  1/1/19–
6/30/19* 		1/1/18–
12/31/18 		1/1/17–
12/31/17 		1/1/16–
12/31/16 		1/1/15–
12/31/15 		1/1/14–
12/31/14
Per-Share Data
Net asset value at beginning of period $11.82 $12.58 $11.66 $11.25 $11.61 $11.21
Income (loss) from investment operations:            
Net investment income (loss)1 0.09 0.23 0.18 0.15 0.13 0.15
Net realized and unrealized gains (losses) 1.01 (0.80) 0.98 0.38 (0.36) 0.31
Total from investment operations 1.10 (0.57) 1.16 0.53 (0.23) 0.46
Less distributions:            
Distributions from net investment income (0.22) (0.17) (0.15) (0.12) (0.12) (0.06)
Distributions from net realized gains (0.02) (0.02) (0.09) (0.00) 2 (0.01) (0.00) 2
Total distributions (0.24) (0.19) (0.24) (0.12) (0.13) (0.06)
Net asset value at end of period $12.68 $11.82 $12.58 $11.66 $11.25 $11.61
Total return 9.33% 3 (4.63%) 10.00% 4.78% (2.00%) 4.15%
Ratios/Supplemental Data
Ratios to average net assets:            
Net operating expenses4 0.55% 5 0.55% 0.55% 0.57% 0.58% 0.57%
Gross operating expenses4 0.55% 5 0.55% 0.55% 0.57% 0.65% 0.70%
Net investment income (loss) 1.47% 5 1.87% 1.50% 1.28% 1.15% 1.29%
Portfolio turnover rate 7% 3 9% 9% 54% 6 9% 14%
Net assets, end of period (x 1,000,000) $73 $66 $64 $56 $50 $44
 
* Unaudited.
1
Calculated based on the average shares outstanding during the period.
2
Per-share amount was less than $0.005.
3
Not annualized.
4
The expenses incurred by underlying funds in which the fund invests are not included in this ratio.
5
Annualized.
6
The portfolio turnover rate increased due to the consolidation of multiple unaffiliated investments into the Schwab U.S. Aggregate Bond ETF, which reduces costs for shareholders.
7
Schwab VIT Balanced Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited)
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. Effective March 31, 2019, Form N-PORT Part F has replaced Form N-Q. The fund’s Form N-Q and Form N-PORT Part F are available on the SEC’s website at www.sec.gov. The fund also makes available its complete schedule of portfolio holdings 60 to 80 days after the end of the fund’s fiscal quarter on the fund’s website at www.schwabfunds.com/schwabfunds_prospectus.    
 
Security Number
of Shares 		Value ($)
Affiliated Underlying Funds 93.1% of net assets
 
U.S. Stocks 19.0%
Large-Cap 14.9%
Schwab U.S. Large-Cap ETF 154,616 10,852,497
Small-Cap 4.1%
Schwab U.S. Small-Cap ETF 41,819 2,989,222
    13,841,719
 
International Stocks 18.0%
Developed-Market Large-Cap 11.0%
Schwab International Equity ETF 250,880 8,050,739
Developed-Market Small-Cap 2.0%
Schwab International Small-Cap Equity ETF 43,334 1,414,422
Emerging-Market 5.0%
Schwab Emerging Markets Equity ETF 138,212 3,626,683
    13,091,844
 
Real Assets 5.9%
Real Estate 5.9%
Schwab U.S. REIT ETF 97,295 4,323,790
 
Fixed Income 36.1%
Inflation-Protected Bond 2.0%
Schwab U.S. TIPS ETF 25,926 1,459,893
Intermediate-Term Bond 34.1%
Schwab U.S. Aggregate Bond ETF 469,770 24,897,810
    26,357,703
 
Money Market Fund 14.1%
Schwab Variable Share Price Money Fund, Ultra Shares 2.35% (a) 10,264,017 10,268,123
Total Affiliated Underlying Funds
(Cost $59,874,155)   67,883,179

Unaffiliated Underlying Funds 7.6% of net assets
 
U.S. Stock 1.0%
Micro-Cap 1.0%
iShares Micro-Cap ETF (b) 7,973 743,004
 
Security Number
of Shares 		Value ($)
Real Assets 3.0%
Commodity 3.0%
Credit Suisse Commodity Return Strategy Fund, Class I 477,514 2,182,240
 
Fixed Income 2.1%
International Developed-Market Bond 2.1%
SPDR Bloomberg Barclays International Treasury Bond ETF (b) 53,126 1,536,404
 
Securities Lending Collateral 1.5%
Wells Fargo Government Money Market Fund, Select Class 2.29% (a) 1,083,526 1,083,526
Total Unaffiliated Underlying Funds
(Cost $5,757,744)   5,545,174
Issuer
Rate, Maturity Date 		Face
Amount ($) 		Value ($)
Short-Term Investment 0.4% of net assets
 
Time Deposit 0.4%
Sumitomo Mitsui Banking Corp.
1.76%, 07/01/19 (c) 335,690 335,690
Total Short-Term Investment
(Cost $335,690)   335,690
(a) The rate shown is the 7-day yield.
(b) All or a portion of this security is on loan. Securities on loan were valued at $1,069,971.
(c) The rate shown is the current daily overnight rate.
   
ETF — Exchange-traded fund
REIT — Real Estate Investment Trust
SPDR — Standard & Poor’s Depositary Receipts
TIPS — Treasury Inflation Protected Securities
 
8
Schwab VIT Balanced Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Below is a summary of the fund’s transactions with its affiliated underlying funds during the period ended June 30, 2019:
Affiliated Underlying Funds Market
Value at
12/31/18 		Gross
Purchases 		Gross
Sales 		Realized
Gains (Losses) 		Net Change
in Unrealized
Appreciation
(depreciation) 		Market
Value at
06/30/19 		Balance
of Shares
Held at
06/30/19 		Distributions
Received*
Schwab Emerging Markets Equity ETF $3,260,576 $528,574 ($555,910) ($26,305) $419,748 $3,626,683 138,212 $22,197
Schwab International Equity ETF 7,273,362 261,913 (449,040) (24,418) 988,922 8,050,739 250,880 64,577
Schwab International Small-Cap Equity ETF 1,268,440 105,285 (116,948) (10,765) 168,410 1,414,422 43,334 7,193
Schwab U.S. Aggregate Bond ETF 22,876,697 2,741,184 (1,843,271) (67,353) 1,190,553 24,897,810 469,770 300,690
Schwab U.S. Large-Cap ETF 10,016,705 315,047 (1,209,661) 52,526 1,677,880 10,852,497 154,616 95,069
Schwab U.S. REIT ETF 3,942,307 202,383 (422,336) 11,386 590,050 4,323,790 97,295 44,319
Schwab U.S. Small-Cap ETF 2,580,114 154,963 (211,197) 4,624 460,718 2,989,222 41,819 17,253
Schwab U.S. TIPS ETF 1,380,559 — — — 79,334 1,459,893 25,926 5,584
Schwab Variable Share Price Money Fund, Ultra Shares 9,086,762 1,179,535 — — 1,826 10,268,123 10,264,017 118,276
Total $61,685,522 $5,488,884 ($4,808,363) ($60,305) $5,577,441 $67,883,179   $675,158
* Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds.
   
The following is a summary of the inputs used to value the fund’s investments as of June 30, 2019 (see financial note 2(a) for additional information):
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 $67,883,179 $— $— $67,883,179  
Unaffiliated Underlying Funds1 5,545,174 — — 5,545,174  
Short-Term Investment1 — 335,690 — 335,690  
Total $73,428,353 $335,690 $— $73,764,043  
1 As categorized in Portfolio Holdings.
Fund investments in underlying mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the investments held by the underlying mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.
9
Schwab VIT Balanced Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced Portfolio
Statement of Assets and Liabilities
As of June 30, 2019; unaudited
Assets
Investments in affiliated underlying funds, at value (cost $59,874,155)   $67,883,179
Investments in unaffiliated funds and issuers, at value (cost $5,009,908) including securities on loan of $1,069,971   4,797,338
Collateral invested for securities on loan, at value (cost $1,083,526)   1,083,526
Receivables:    
Dividends   200,109
Fund shares sold   113,886
Income from securities on loan   1,192
Interest + 50
Total assets   74,079,280
Liabilities
Collateral held for securities on loan   1,083,526
Payables:    
Investments bought   6,152
Investment adviser and administrator fees   24,915
Fund shares redeemed   2,550
Accrued expenses + 21,098
Total liabilities   1,138,241
Net Assets
Total assets   74,079,280
Total liabilities – 1,138,241
Net assets   $72,941,039
Net Assets by Source    
Capital received from investors   65,101,715
Total distributable earnings   7,839,324
    
Net Asset Value (NAV)
Net Assets ÷ Shares
Outstanding 		= NAV
$72,941,039   5,750,230   $12.68
         
10
Schwab VIT Balanced Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced Portfolio
Statement of Operations
For the period January 1, 2019 through June 30, 2019; unaudited
Investment Income
Dividends received from affiliated underlying funds   $675,158
Dividends received from unaffiliated underlying funds   25,105
Interest   6,442
Securities on loan, net + 1,192
Total investment income   707,897
Expenses
Investment adviser and administrator fees   157,884
Professional fees   14,351
Independent trustees’ fees   7,491
Portfolio accounting fees   4,120
Shareholder reports   4,085
Custodian fees   1,358
Transfer agent fees   700
Other expenses + 1,723
Total expenses – 191,712
Net investment income   516,185
Realized and Unrealized Gains (Losses)
Net realized losses on sales of affiliated underlying funds   (60,305)
Net realized losses on sales of unaffiliated underlying funds + (18,341)
Net realized losses   (78,646)
Net change in unrealized appreciation (depreciation) on affiliated underlying funds   5,577,441
Net change in unrealized appreciation (depreciation) on unaffiliated underlying funds + 253,341
Net change in unrealized appreciation (depreciation) + 5,830,782
Net realized and unrealized gains   5,752,136
Increase in net assets resulting from operations   $6,268,321
11
Schwab VIT Balanced Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced Portfolio
Statement of Changes in Net Assets
For the current and prior report periods
Figures for the current period are unaudited
Operations  
  1/1/19-6/30/19 1/1/18-12/31/18
Net investment income   $516,185 $1,248,693
Net realized gains (losses)   (78,646) 90,328
Net change in unrealized appreciation (depreciation) + 5,830,782 (4,561,761)
Increase (decrease) in net assets from operations   6,268,321 (3,222,740)
Distributions to Shareholders  
Total distributions   ($1,369,418) ($980,751)
    
Transactions in Fund Shares      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES VALUE SHARES VALUE
Shares sold   489,008 $6,121,023 1,053,283 $13,090,901
Shares reinvested   107,998 1,369,418 79,542 980,751
Shares redeemed + (469,903) (5,923,432) (634,773) (7,864,189)
Net transactions in fund shares   127,103 $1,567,009 498,052 $6,207,463
Shares Outstanding and Net Assets      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES NET ASSETS SHARES NET ASSETS
Beginning of period   5,623,127 $66,475,127 5,125,075 $64,471,155
Total increase + 127,103 6,465,912 498,052 2,003,972
End of period   5,750,230 $72,941,039 5,623,127 $66,475,127
12
Schwab VIT Balanced Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited
1. Business Structure of the Fund:
Schwab VIT Balanced Portfolio (the fund) is a series of Schwab Annuity Portfolios (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 funds in the trust as of the end of the period, including the fund discussed in this report, which is highlighted:
SCHWAB ANNUITY PORTFOLIOS (ORGANIZED JANUARY 21, 1994)
Schwab Government Money Market Portfolio  
Schwab S&P 500 Index Portfolio  
Schwab VIT Balanced Portfolio  
Schwab VIT Balanced with Growth Portfolio  
Schwab VIT Growth Portfolio  
The fund is a “fund of funds” which primarily invests in affiliated Schwab ETFs and unaffiliated third-party ETFs. The fund may also invest in affiliated Schwab mutual funds and Laudus mutual funds and unaffiliated third-party mutual funds (all such ETFs and mutual funds referred to as underlying funds). The fund may also invest directly in equity or fixed-income securities, including bonds, cash equivalents, money market funds and money market investments, to achieve its investment objectives.
The fund in this report offers one share class. Shares are bought and sold at closing net asset value per share (NAV), 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 (the Board) may authorize the issuance of as many shares as necessary.
The fund is intended as an investment vehicle for variable annuity contracts and variable life insurance policies to be offered by separate accounts of participating life insurance companies and for pension and retirement plans qualified under the Internal Revenue Code of 1986, as amended. At June 30, 2019, 100% of the fund’s shares were held through separate accounts of two insurance companies. Subscriptions and redemptions of these insurance separate accounts could have a material impact on the fund.
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.
    
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 Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).
The financial statements of the fund should be read in conjunction with the underlying funds’ financial statements. For more information about the underlying funds’ operations and policies, please refer to those funds’ semiannual and annual reports, which are filed and available on the U.S. Securities and Exchange Commission’s (SEC) website at www.sec.gov.
(a) Security Valuation:
Under procedures approved by 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 market 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:
•   Underlying funds: Mutual funds are valued at their respective NAVs. ETFs traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.
•   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
13
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
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 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 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 specific investments 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.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of June 30, 2019 are disclosed in the Portfolio Holdings.
(b) Accounting Policies for certain Portfolio Investments (if held):
Securities Lending: Under the trust’s Securities Lending Program, a 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 under Rule 2a-7 of 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
14
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
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 fund, including collateral received from the loan. Securities lending fees paid to the unaffiliated lending agents start at 10% of gross lending revenue, with subsequent breakpoints to a low of 7.5%. 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 Charles Schwab Investment Management, Inc. (CSIM or the investment adviser) or any affiliate of CSIM.
As of June 30, 2019, the fund had securities on loan, all of which were classified as ETFs. The values of these securities on loan and the related collateral, if any, are disclosed in the fund’s Portfolio Holdings. The value of the securities on loan and the investment of cash collateral are also disclosed in the fund’s Statement of Assets and Liabilities.
Cash Management Transactions: The fund may subscribe to the Brown Brothers Harriman & Co. (BBH) Cash Management Service Sweep (CMS Sweep). The BBH CMS Sweep is an investment product that automatically sweeps the fund’s cash balances into overnight offshore time deposits with either the BBH Grand Cayman branch or a branch of a pre-approved commercial bank. This fully automated program allows the fund to earn interest on cash balances. Excess cash invested with deposit institutions domiciled outside of the U.S., as with any offshore deposit, may be subject to sovereign actions in the jurisdiction of the deposit institution including, but not limited to, freeze, seizure or diminution. The fund bears the risk associated with the repayment of principal and payment of interest on such instruments by the institution with which the deposit is ultimately placed. Balances in the CMS Sweep are accounted for on a cost basis, which approximates market value.
(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.
(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 day it learns of the ex-dividend date. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.
(e) Expenses:
Expenses that are specific to the fund are charged directly to the fund. Expenses that are common to all funds within the trust generally are allocated among the funds in proportion to their average daily net assets. The fund bears its share of the acquired fund fees and expenses of the underlying funds, which are indirect expenses incurred by the fund through its investments in the underlying funds. Such expenses are reflected in the net asset values of the underlying funds.
(f) Distributions to Shareholders:
The fund makes distributions from net investment income and net realized capital gains, if any, once a year.
(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 the participating insurance company’s (shareholders) separate accounts each year. As long as the fund meets the tax requirements, it is not required to pay federal income tax.
15
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
(i) 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.
(j) Recent Accounting Standards:
In August 2018, the FASB issued Accounting Standards Update “Fair Value Measurement (Topic 820)” (ASU 2018-13) which modifies the disclosure requirements for fair value measurement by removing, modifying, or adding certain disclosures. The amendments are effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The fund is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The fund has early adopted certain removed or modified disclosures, including the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of transfers between levels upon issuance of ASU 2018-13, and has delayed adoption of the additional disclosures until their effective date. At this time, management is currently evaluating the impact that the adoption of the additional disclosures will have on the fund’s financial statements.
    
3. Risk Factors:
Investing in the fund may involve certain risks, as discussed in the fund’s prospectus, including, but not limited to, those described below. Any of these risks could cause an investor to lose money.
Asset Allocation Risk. The fund is subject to the risk that the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes and market segments may cause the fund to underperform other funds with a similar investment objective.
Conflicts of Interest Risk. The investment adviser’s authority to select and substitute underlying funds from a variety of affiliated and unaffiliated mutual funds and ETFs may create a conflict of interest because the fees paid to it and its affiliates by some underlying funds are higher than the fees paid by other underlying funds. The investment adviser also may have an incentive to select an affiliated underlying fund for other reasons, including to increase assets under management or to support new investment strategies. In addition, other conflicts of interest may exist where the best interests of the affiliated underlying fund may not be aligned with those of the fund. However, the investment adviser is a fiduciary to the fund and is legally obligated to act in the fund’s best interests when selecting underlying funds.
Market Risk. Financial markets rise and fall in response to a variety of factors, sometimes rapidly and unpredictably. As with any investment whose performance is tied to these markets, the value of an investment in the fund will fluctuate, which means that an investor could lose money over short or long periods.
Securities Lending Risk. Securities lending involves the risk of loss of rights in, or delay in recovery of, the loaned securities if the borrower fails to return the security loaned or becomes insolvent.
ETF Risk. When the fund invests in an ETF, it will bear a proportionate share of the ETF’s expenses. In addition, lack of liquidity in the market for an ETF’s share can result in its value being more volatile than the underlying portfolio of securities.
Direct Investment Risk. The fund may invest directly in cash, cash equivalents and equity and fixed-income securities, including money market securities, to maintain its allocations. The fund’s direct investment in these securities is subject to the same or similar risks as an underlying fund’s investment in the same securities.
Underlying Fund Investment Risk. The fund is subject to the risks associated with the underlying funds in which the fund may invest, which include any combination of the risks described below.
•   Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
•   Market Capitalization Risk. Securities issued by companies of different market capitalizations tend to go in and out of favor based on market and economic conditions. During a period when securities of a particular market capitalization fall behind other types of investments, an underlying fund’s performance could be impacted.
16
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Foreign Investment Risk. An underlying fund’s investments in securities of foreign issuers involve certain risks that may be greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may negatively impact the value or liquidity of an underlying fund’s investments, and could impair the underlying fund’s ability to meet its investment objective or invest in accordance with its investment strategy. There is a risk that investments in securities denominated in, and/or receiving revenues in, foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged, resulting in the dollar value of an underlying fund’s investment being adversely affected.
•   Emerging Market Risk. Emerging market countries may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. Emerging market countries often have less uniformity in accounting and reporting requirements and greater risk associated with the custody of securities. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in developed countries. As a result, there may be an increased risk of illiquidity and price volatility associated with an underlying fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar, and, at times, it may be difficult to value such investments.
•   Growth Investing Risk. Certain of the underlying funds pursue a “growth style” of investing. Growth investing focuses on a company’s prospects for growth of revenue and earnings. If a company’s earnings or revenues fall short of expectations, its stock price may fall dramatically. Growth stocks also can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks. Since growth companies usually invest a high portion of earnings in their business, they may lack the dividends of value stocks that can cushion stock prices in a falling market. Growth stocks may also be more expensive relative to their earnings or assets compared to value or other stocks.
•   Value Investing Risk. Certain of the underlying funds may pursue a “value style” of investing. Value investing focuses on companies whose stocks appear undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. If an underlying fund’s investment adviser’s (or sub-adviser’s) assessment of a company’s value or prospects for exceeding earnings expectations or market conditions is wrong, the underlying fund could suffer losses or produce poor performance relative to other funds. In addition, “value stocks” can continue to be undervalued by the market for long periods of time.
•   Debt Securities Risk. Bond prices generally fall when interest rates rise. Bonds with longer maturities tend to be more sensitive to this risk. Underlying fund performance also could be affected if an issuer or guarantor of a bond held by the fund fails to make timely principal or interest payments or otherwise honor its obligations. Lower-quality bonds are considered speculative with respect to their issuer’s ability to make timely payments or otherwise honor their obligations. In addition, prices of lower-quality bonds tend to be more volatile than those of investment-grade bonds, and may fall based on bad news about the issuer, an industry or the overall economy.
•   Interest Rate Risk. An underlying fund’s investments in fixed income securities are subject to the risk that interest rates rise and fall over time. As with any investment whose yield reflects current interest rates, an underlying fund’s yield will change over time. During periods when interest rates are low, an underlying fund’s yield (and total return) also may be low. Changes in interest rates also may affect an underlying fund’s share price: a sharp rise in interest rates could cause the underlying fund’s share price to fall. The longer the underlying fund’s duration, the more sensitive to interest rate movements its share price is likely to be. A change in a central bank’s monetary policy or improving economic conditions, among other things, may result in an increase in interest rates. Certain underlying funds are currently subject to heightened levels of interest rate risk because of the continued economic recovery, along with the fact that the Federal Reserve Board ended its quantitative easing program in 2014, and has begun, and may continue, to raise interest rates.
•   Credit Risk. Certain of the underlying funds are subject to the risk that a decline in the credit quality of a portfolio investment could cause the underlying fund’s share price to fall. An underlying fund could lose money if the issuer or guarantor of a portfolio investment fails to make timely principal or interest payments or otherwise honor its obligations. Securities rated below investment grade (junk bonds) involve greater risk of price declines than investment grade securities due to actual or perceived changes in the issuer’s creditworthiness.
17
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Prepayment and Extension Risk. An underlying fund’s investments in fixed income securities are subject to the risk that the securities may be paid off earlier or later than expected. Either situation could cause the underlying fund to hold securities paying lower-than-market rates of interest, which could hurt the underlying fund’s yield or share price.
•   U.S. Government Securities Risk. Some of the U.S. government securities that the underlying funds invest in are not backed by the full faith and credit of the U.S. government, which means they are neither issued nor guaranteed by the U.S. Treasury. Certain securities such as those issued by the Federal Home Loan Banks are supported by limited lines of credit maintained by their issuers with the U.S. Treasury. Securities issued by other issuers, such as the Federal Farm Credit Banks Funding Corporation, are supported solely by the credit of the issuer. There can be no assurance that the U.S. government will provide financial support to securities of its agencies and instrumentalities if it is not obligated to do so under law. Also, any government guarantees on securities the underlying funds own do not extend to shares of the underlying funds themselves.
•   Real Estate Investment Risk. An underlying fund in which the fund may invest may have a policy of concentrating its investments in real estate companies and companies related to the real estate industry. As such, an underlying fund is subject to risks associated with the direct ownership of real estate securities and the fund’s investment in such an underlying fund is subject to risks associated with the direct ownership of real estate securities and an investment in the underlying fund will be closely linked to the performance of the real estate markets. These risks include, among others, declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds or other limits to accessing the credit or capital markets; defaults by borrowers or tenants, particularly during an economic downturn; and changes in interest rates.
•   Real Estate Investment Trust (REITs) Risk. An underlying fund may invest in REITs. An underlying fund’s investments in REITs will be subject to the risks associated with the direct ownership of real estate, including fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. REITs are also subject to certain additional risks. For example, equity REITs may be affected by changes in the value of the underlying properties owned by the trusts, and mortgage REITs may be affected by the quality of any credit extended. Further, REITs may have their investments in relatively few properties, a small geographic area or a single property type. In addition, REITs have their own expenses, and the underlying fund will bear a proportionate share of those expenses.
•   Mortgage-Backed and Mortgage Pass-Through Securities Risk. Certain of the mortgage-backed securities in which an underlying fund may invest are not backed by the full faith and credit of the U.S. government and there can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities where it was not obligated to do so. Mortgage-backed securities tend to increase in value less than other debt securities when interest rates decline, but are subject to similar risk of decline in market value during periods of rising interest rates. Because of prepayment and extension risk, mortgage-backed securities react differently to changes in interest rates than other bonds. Small movements in interest rates — both increases and decreases — may quickly and significantly affect the value of certain mortgage-backed securities. Transactions in mortgage pass-through securities primarily occur through to be announced (TBA) transactions. Default by or bankruptcy of a counterparty to a TBA transaction would expose an underlying fund to possible losses because of an adverse market action, expenses, or delays in connection with the purchase or sale of the pools of mortgage pass-through securities specified in the TBA transaction.
•   Portfolio Turnover Risk. Certain of the underlying funds may buy and sell portfolio securities actively. If they do, their portfolio turnover rate and transaction costs will rise, which may lower the underlying fund’s performance and may increase the likelihood of capital gains distributions.
•   Commodity Risk. To the extent that an underlying fund invests in commodity-linked derivative instruments, it may subject the underlying fund to greater volatility than investments in traditional securities. Also, commodity-linked investments may be more volatile and less liquid than the underlying commodity. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and other regulatory and market developments. The use of leveraged commodity-linked derivatives creates an opportunity for increased return, but also creates the possibility for a greater loss.
•   Liquidity Risk. An underlying fund may be unable to sell certain securities, such as illiquid securities, readily at a favorable time or price, or an underlying fund may have to sell them at a loss.
18
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Derivatives Risk. An underlying fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. An underlying fund’s use of derivatives could reduce the underlying fund’s performance, increase volatility, and could cause the underlying fund to lose more than the initial amount invested. In addition, investments in derivatives may involve leverage, which means a small percentage of assets invested in derivatives can have a disproportionately large impact on an underlying fund.
•   Management Risk. An underlying fund may be an actively managed mutual fund. An underlying fund’s adviser applies its own investment techniques and risk analyses in making investment decisions for the fund, but there can be no guarantee that they will produce the desired results or cause the underlying fund to meet its objectives.
•   Investment Style Risk. Certain underlying funds seek to track the performance of various segments of the stock market, as measured by their respective indices. Such underlying funds follow these stocks during upturns as well as downturns. Because of their indexing strategy, these underlying funds do not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of an underlying fund’s expenses, the underlying fund’s performance is normally below that of the index.
•   Tracking Error Risk. An underlying fund may seek to track the performance of its benchmark index, although it may not be successful in doing so. The divergence between the performance of a fund and its benchmark index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
•   Concentration Risk. To the extent that an underlying fund’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector or asset class, the underlying fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more vulnerable to adverse economic, market, political, or regulatory occurrences affecting that market, industry, group of industries, sector or asset class.
•   Money Market Fund Risk. The fund may invest in underlying money market funds that either seek to maintain a stable $1 net asset value (“stable share price money market funds”) or that have a share price that fluctuates (“variable share price money market funds”). Although an underlying stable share price money market fund seeks to maintain a stable $1 net asset value, it is possible to lose money by investing in such a money market fund. Because the share price of an underlying variable share price money market fund will fluctuate, when the fund sells the shares it owns they may be worth more or less than what the fund originally paid for them. In addition, neither type of money market fund is designed to offer capital appreciation. Certain underlying money market funds may impose a fee upon the sale of shares or may temporarily suspend the ability to sell shares if such fund’s liquidity falls below required minimums.
Please refer to the fund’s prospectus for a more complete description of the principal risks of investing in the fund.
    
4. Affiliates and Affiliated Transactions:
Investment Adviser
CSIM, a wholly owned subsidiary of The Charles Schwab Corporation, serves as the fund’s investment adviser and administrator pursuant to an Investment Advisory and Administration Agreement between CSIM and the trust.
For its advisory and administrative services to the fund, CSIM is entitled to receive an annual fee, accrued daily and payable monthly, equal to 0.45% of the fund’s average daily net assets.
Expense Limitation
CSIM and its affiliates have agreed with the fund, for so long as CSIM serves as the investment adviser to the fund, which may only be amended or terminated with approval of the fund’s Board, to limit the total annual fund operating expenses charged, excluding interest, taxes and certain non-routine expenses to 0.58%.
The agreement to limit the fund’s total expenses charged is limited to the fund’s direct operating expenses and, therefore, does not apply to acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in the underlying funds.
19
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
4. Affiliates and Affiliated Transactions (continued):
Investments in Affiliates
The fund may engage in certain transactions involving related parties. Pursuant to an exemptive order issued by the SEC, the fund may invest in other related ETFs and mutual funds. As of June 30, 2019, the Schwab VIT Balanced Portfolio’s ownership percentages of other related funds’ shares are:
Schwab Emerging Markets Equity ETF 0.1%
Schwab International Equity ETF 0.0%*
Schwab International Small-Cap Equity ETF 0.1%
Schwab U.S. Aggregate Bond ETF 0.4%
Schwab U.S. Large-Cap ETF 0.1%
Schwab U.S. REIT ETF 0.1%
Schwab U.S. Small-Cap ETF 0.0%*
Schwab U.S. TIPS ETF 0.0%*
Schwab Variable Share Price Money Fund, Ultra Shares 0.2%
* Less than 0.05%
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 Fund Complex (for definition refer to Trustees and Officers section). 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. The fund had no interfund borrowing or lending activity during the period.
    
5. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM 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 trust did not pay any of these interested persons for their services as trustees, but it did pay non-interested persons (independent trustees), as noted on the fund’s Statement of Operations. For information regarding the trustees, please refer to the Trustees and Officers table at the end of this report.
    
6. Borrowing from Banks:
During the period, the fund was a participant with other U.S. registered investment companies managed by CSIM in a joint, syndicated, committed $750 million line of credit (the Syndicated Credit Facility), maturing on October 3, 2019. Under the terms of the Syndicated Credit Facility, in addition to the interest charged on any borrowings by a fund, the fund 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 U.S. registered investment companies managed by CSIM in a joint, unsecured, uncommitted $500 million line of credit (the Uncommitted Credit Facility), with State Street Bank and Trust Company, maturing on November 29, 2019. Under the terms of the Uncommitted Credit Facility, the fund pays interest on the amount it borrows. There were no borrowings 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 disclosed on the fund’s Statement of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
20
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Financial Notes, unaudited (continued)
7. Purchases and Sales of Investment Securities:
For the period ended June 30, 2019, purchases and sales of securities (excluding short-term obligations) were as follows:
Purchases
of Securities 		Sales
of Securities
$5,898,723 $4,938,142
    
8. Federal Income Taxes:
As of June 30, 2019, the tax basis cost of the fund’s investments and gross unrealized appreciation and depreciation were as follows:
Tax cost $66,447,713
Gross unrealized appreciation $7,769,479
Gross unrealized depreciation (453,149)
Net unrealized appreciation (depreciation) $7,316,330
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of December 31, 2018, the fund had no capital loss carryforwards available to offset future net capital gains.
The tax-basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of June 30, 2019. The tax-basis components of distributions paid during the year ended December 31, 2018, were as follows:
Ordinary income $894,683
Long-term capital gains 86,068
As of December 31, 2018, 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. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended December 31, 2018, 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.
21
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Investment Advisory Agreement Approval
The Investment Company Act of 1940 (the 1940 Act) requires that the continuation of a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (the Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
The Board of Trustees (the Board or the Trustees, as appropriate) calls and holds one or more meetings each year that are dedicated, in whole or in part, to considering whether to renew the investment advisory and administration agreement (the Agreement) between Schwab Annuity Portfolios (the Trust) and Charles Schwab Investment Management, Inc. (CSIM) with respect to the existing funds in the Trust, including Schwab VIT Balanced Portfolio (the Fund), and to review certain other agreements pursuant to which CSIM provides investment advisory services to certain other registered investment companies. In preparation for the meeting(s), the Board requests and reviews a wide variety of materials provided by CSIM, including information about CSIM’s affiliates, personnel, business goals and priorities, profitability, third-party oversight, corporate structure and operations. The Board also receives extensive data provided by an independent provider of investment company data. This information is in addition to the detailed information about the Fund that the Board reviews during the course of each year, including information that relates to the Fund’s operations and performance, legal and compliance matters, risk management, portfolio turnover, and sales and marketing activity. The Independent Trustees receive advice from Independent Trustees’ legal counsel, including a memorandum regarding the responsibilities of trustees for the approval of investment advisory agreements. In addition, the Independent Trustees meet in executive session outside the presence of Fund management and participate in question and answer sessions with representatives of CSIM.
The Board, including a majority of the Independent Trustees, considered information specifically relating to the continuance of the Agreement with respect to the Fund at meetings held on May 13, 2019 and June 4, 2019, and approved the renewal of the Agreement with respect to the Fund for an additional one-year term at the meeting held on June 4, 2019. The Board’s approval of the continuance of the Agreement with respect to the Fund was based on consideration and evaluation of a variety of specific factors discussed at these meetings and at prior meetings, including:
1. the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund;
2. the Fund’s investment performance and how it compared to that of certain other comparable mutual funds and benchmark data;
3. the Fund’s expenses and how those expenses compared to those of certain other similar mutual funds;
4. the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and
5. the extent to which economies of scale would be realized as the Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors.
Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund. In this regard, the Trustees evaluated, among other things, CSIM’s experience, track record, compliance program, resources dedicated to hiring and retaining skilled personnel and specialized talent, and information security resources. The Trustees also considered information provided by CSIM relating to services and support provided with respect to the Fund’s portfolio management team, portfolio strategy, and internal investment guidelines, as well as trading infrastructure, liquidity management, product design and analysis, shareholder communications, securities valuation, fund accounting and custody, and vendor and risk oversight. The Trustees also considered investments CSIM has made in its infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise in key areas (including portfolio management and trade operations), and improving business continuity, cybersecurity, due diligence, risk management processes, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders. The Trustees also considered Schwab’s wide range of products, services, and channel alternatives such as investment research tools and an array of account features that benefit the Fund and certain of its shareholders. Finally, the Trustees also considered Schwab’s reputation as a full service brokerage firm and its overall financial condition. Following such evaluation, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund supported renewal of the Agreement with respect to the Fund.
Fund Performance. The Board considered the Fund’s performance in determining whether to renew the Agreement with respect to the Fund. Specifically, the Trustees considered the Fund’s performance relative to a peer category of other mutual funds and applicable indices/benchmarks, in light of total return and market trends, as well as in consideration of the Fund’s investment style and strategy attributes and disclosures. As part of this review, the Trustees considered the
 
22
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
composition of the peer category, selection criteria and the reputation of the independent provider of investment company data who prepared the peer category analysis. In evaluating the performance of the Fund, the Trustees considered the risk profile for the Fund and the appropriateness of the benchmark used to compare the performance of the Fund. The Trustees further considered the level of Fund performance in the context of their review of Fund expenses and adviser profitability discussed below and also noted that performance is reviewed throughout the year by a designated committee of the Board and by the Board. Following such evaluation the Board concluded, within the context of its full deliberations, that the performance of the Fund supported renewal of the Agreement with respect to the Fund.
Fund Expenses. With respect to the Fund’s expenses, the Trustees considered the rate of compensation called for by the Agreement, and the Fund’s net operating expense ratio, in each case, in comparison to those of other similar mutual funds, such peer groups and comparisons having been selected and calculated by an independent provider of investment company data. CSIM reported to the Board, and the Board took into account, the risk assumed by CSIM in the development of products and provision of services as well as the competitive marketplace for financial products. The Trustees considered the effects of CSIM’s and Schwab’s practice of waiving management and other fees to prevent total Fund expenses from exceeding a specified cap. The Trustees also considered fees charged by CSIM to other mutual funds and the unique insurance dedicated distribution arrangements of the Fund as compared to other funds managed by CSIM. The Trustees noted that shareholders of the Fund indirectly pay their pro rata share of the fees and expenses of the underlying funds in which the Fund invests. Following such evaluation, the Board concluded, within the context of its full deliberations, that the expenses of the Fund are reasonable and supported renewal of the Agreement with respect to the Fund.
Profitability. The Trustees considered the compensation flowing to CSIM and its affiliates, directly or indirectly and reviewed profitability on a pre-tax basis, without regard to distribution expenses. In this connection, the Trustees reviewed management’s profitability analyses. The Trustees also reviewed profitability of CSIM relating to the Schwab fund complex as a whole, noting the benefit to Fund shareholders of being part of the Schwab fund complex, including the allocations of certain fixed costs across other funds in the complex. The Trustees also considered any other benefits derived by CSIM from its relationship with the Fund, such as whether, by virtue of its management of the Fund, CSIM obtains investment information or other research resources that aid it in providing advisory services to other clients. Also, because the Fund invests a portion of its assets in other funds within the Schwab fund complex, the Trustees considered that CSIM indirectly benefits from the Fund’s investments in other underlying funds managed by CSIM. The Trustees considered
whether the compensation and profitability with respect to the Fund under the Agreement and other service agreements were reasonable and justified in light of the quality of all services rendered to the Fund by CSIM and its affiliates. The Trustees noted that CSIM continues to invest substantial sums in its business in order to provide enhanced research capabilities, services, and systems to benefit the Fund. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the profitability of CSIM is reasonable and supported renewal of the Agreement with respect to the Fund.
Economies of Scale. Although the Trustees recognized the difficulty of determining economies of scale with precision, the Trustees considered the potential existence of any economies of scale and whether those are passed along to the Fund’s shareholders through (i) the enhancement of services provided to the Fund in return for fees paid, including through investments by CSIM in CSIM’s infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise and capabilities in key areas (including portfolio and trade operations), and improving business continuity, cybersecurity, due diligence, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders; (ii) graduated investment advisory fee schedules, fee waivers, or expense caps by CSIM and its affiliates for those funds with such features; and (iii) pricing a fund to scale and keeping overall expenses down as the fund grows. The Trustees acknowledged that CSIM has shared any economies of scale with the Fund by investing in CSIM’s infrastructure, as discussed above, over time and that CSIM’s internal costs of providing investment management, technology, administrative, legal and compliance services to the Fund continues to increase as a result of regulatory or other developments. The Trustees considered that CSIM and its affiliates may employ contractual expense caps to protect shareholders from high fees when fund assets are relatively small, for example, in the case of newer funds or funds with investment strategies that are from time to time out of favor, because, among other reasons, shareholders may benefit from the continued availability of such funds at subsidized expense levels. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the Fund obtains reasonable benefits from economies of scale.
In the course of their deliberations, the Trustees may have accorded different weights to various factors and did not identify any particular information or factor that was all important or controlling. Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, approved the continuation of the Agreement with respect to the Fund and concluded that the compensation under the Agreement with respect to the Fund is fair and reasonable in light of such services and expenses and such other matters as the Trustees have considered to be relevant in the exercise of their reasonable judgment.
 
23
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Trustees and Officers
The tables below give information about the trustees and officers of Schwab Annuity Portfolios, which includes the fund covered in this report. The “Fund Complex” includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust. The Fund Complex includes 98 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the fund’s Statement of Additional Information, which is available free by calling 1-877-824-5615.
Independent Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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 (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. 98 None
John F. Cogan
1947
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. 98 Director (2005 – present), Gilead Sciences, Inc.
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) 		President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). 98 None
Stephen Timothy Kochis
1946
Trustee
(Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) 		CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). 98 None
24
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Independent Trustees (continued)
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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. 98 Director (2003 – present), Symantec Corporation
Director (2004 – present), Corcept Therapeutics Incorporated
Director (2009 – present), Adamas Pharmaceuticals, Inc.
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) 		Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). 98 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. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). 98 Director (2008 – present), KLA-Tencor Corporation
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). 98 None
Gerald B. Smith
1950
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). 98 Director (2012 – present), Eaton
    
25
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Interested Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
Walter W. Bettinger II2
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) 		Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. 98 Director (2008 – present), The Charles Schwab Corporation
Jonathan de St. Paer2
1973
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) 		Director and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. 98 None
Joseph R. Martinetto2
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) 		Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. 98 None
    
Officers of the Trust
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
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 and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc.
26
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Officers of the Trust (continued)
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
Mark Fischer
1970
Treasurer and Chief Financial 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 and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management.
George Pereira
1964
Senior Vice President and Chief Operating Officer
(Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) 		Senior Vice President and Chief Financial Officer (Nov. 2004 – present) and Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Treasurer and Chief Financial Officer (June 2006 – Dec. 2015), Laudus Funds; Treasurer and Principal Financial Officer (Nov. 2004 – Dec. 2015), Schwab Funds; Treasurer and Principal Financial Officer (Oct. 2009 – Dec. 2015), Schwab ETFs; Director (Apr. 2005 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited.
Omar Aguilar
1970
Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies
(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 – Equities and Multi-Asset Strategies (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management.
Brett Wander
1961
Senior Vice President and Chief Investment Officer – Fixed Income
(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 – Fixed Income (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm).
David Lekich
1964
Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs
Vice President and Assistant Clerk, Laudus Funds
(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 (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs.
Catherine MacGregor
1964
Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs
Chief Legal Officer, Vice President and Clerk, Laudus Funds
(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) 		Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs.
1 Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first.
2 Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co.
3 The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board.
27
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
Glossary
Bloomberg Barclays US Aggregate Bond Index   An index that is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States. To be eligible for inclusion in the index, securities must be fixed rate, non-convertible, U.S. dollar denominated with at least $300 million or more of outstanding face value and have one or more years remaining to maturity. The index excludes certain types of securities, including tax-exempt state and local government series bonds, structured notes embedded with swaps or other special features, private placements, floating rate securities, inflation-linked bonds and Eurobonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Bloomberg Barclays US Treasury 3–10 Year Index  An index which includes all publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to three years and less than ten years, are rated investment grade, and have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index excludes state and local government series bonds and coupon issues that have been stripped from bonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Bloomberg Barclays US Treasury Bills 1–3 Month Index  An index that includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months but more than 1 month, are rated investment grade and have $300 million or more of outstanding face value. It excludes zero-coupon STRIPS.
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)   An index which includes all publicly-issued U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one year remaining to maturity, are rated investment grade and have $500 million or more of outstanding face value. The TIPS in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index is market capitalization weighted and the TIPS in the index are updated on the last business day of each month. TIPS are publicly issued, dollar denominated U.S. Government securities issued by the U.S. Treasury that have principal and interest payments linked to an official inflation measure (as measured by the Consumer Price Index, or CPI) and their payments are supported by the full faith and credit of the United States.
Dow Jones U.S. Large-Cap Total Stock Market Index   An index that is a subset of the Dow Jones U.S. Total Stock Market Index, and is designed to measure the performance of large-cap U.S. equity securities. The index is a float-adjusted market capitalization weighted index.
Dow Jones U.S. Select REIT Index   An index that is a float-adjusted market-capitalization weighted index comprising of income-producing commercial and/or residential real estate investment trusts (REITs). The index excludes mortgage REITs, net-lease REITs, real estate finance companies, mortgage brokers and bankers, commercial and residential real estate brokers and estate agents, homebuilders, large landowners and sub dividers of unimproved land, hybrid REITs, timber REITs and companies that have more than 25% of their assets in direct mortgage investments.
Dow Jones U.S. Small-Cap Total Stock Market Index An index that is a subset of the Dow Jones U.S. Total Stock Market Index, and is designed to measure the performance of small-cap U.S. equity securities. The index is a float-adjusted market capitalization weighted index.
Dow Jones U.S. Total Stock Market Index   An index which includes all publicly traded stocks of companies headquartered in the United States for which pricing information is readily available. The index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace.
FTSE Developed ex US Index (Net)   An index that is comprised of large- and mid-capitalization companies in developed countries outside the United States, as defined by the index provider. The index defines the large- and mid-capitalization universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Developed Small Cap ex US Liquid Index (Net)  An index comprised of small-capitalization companies in developed countries outside the United States, as defined by the index provider. The index defines the small-capitalization universe as approximately the bottom 10% of the eligible universe with a minimum free float capitalization of $150 million. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Emerging Index (Net)   An index that is comprised of large- and mid-capitalization companies in emerging market countries, as defined by the index provider. The index defines the large- and mid-capitalization universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE non-US Dollar World Government Bond Index  A market capitalization index that measures the total rate of return performance for the government bonds of 22 countries, excluding the U.S., with a remaining maturity of at least 1 year.
MSCI EAFE Index (Net)  A free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets in Europe, Australasia, and the Far East. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes; returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
MSCI Emerging Markets Index (Net)  A free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global emerging markets. This series approximates the minimum possible dividend reinvestment. The returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
Russell 2000 Index  An index that measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.
S&P 500 Index  An index that is designed to measure the performance of 500 leading publicly traded companies from a broad range of industries.
 
28
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Schwab VIT Balanced Portfolio
VIT Balanced Composite Index  A custom blended index developed by CSIM based on a comparable portfolio asset allocation and calculated using the following portion allocations effective June 8, 2016: 2% Bloomberg Barclays Global Treasury ex-US Capped Index, 34% Bloomberg Barclays US Aggregate Bond Index, 15% Bloomberg Barclays US Treasury Bills 1–3 Month Index, 2% Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L), 3% Bloomberg Commodity Index, 6% Dow Jones U.S. Select REIT Index, 15% Dow Jones U.S. Large-Cap Total Stock Market Index, 4% Dow Jones U.S. Small-Cap Total Stock Market Index, 5% FTSE All Emerging Index (Net), 11% FTSE Developed ex US Index (Net), 2% FTSE Developed Small Cap ex US Liquid Index (Net), and 1% Russell Microcap Index. Prior to June 8, 2016, the composite index was derived using the
following allocations: 15% Dow Jones U.S. Large-Cap Total Stock Market Index, 4% Dow Jones U.S. Small-Cap Total Stock Market Index, 1% Russell Microcap Index, 11% FTSE Developed ex US Index (Net), 2% FTSE Developed Small Cap ex US Liquid Index (Net), 5% FTSE Emerging Index (Net), 6% Dow Jones U.S. Select REIT Index, 3% Dow Jones UBS Commodity Index, 2% Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L), 12% Bloomberg Barclays US Treasury 3–10 Year Index, 2% Bloomberg Barclays US Aggregate: Agencies Index, 6% Bloomberg Barclays US Credit Index, 13% Bloomberg Barclays US Mortgage Backed Securities Index, 2% Bloomberg Barclays Global Treasury ex-US Capped Index, 1% Bloomberg Barclays High Yield Bond Very Liquid Index, and 15% Bloomberg Barclays US Treasury Bills 1–3 Month Index.
 
29
Schwab VIT Balanced Portfolio  |  Semiannual Report

 

Notes

Semiannual Report  |  June 30, 2019
Schwab VIT Balanced with Growth Portfolio

 

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 Fund’s website at www.schwabfunds.com/schwabfunds_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 Schwab’s website at www.schwabfunds.com/schwabfunds_prospectus or the SEC’s website at www.sec.gov.
Investment Adviser: Charles Schwab Investment Management, Inc. (CSIM)

 

Schwab VIT Balanced with Growth Portfolio
The Investment Environment
Over the six-month reporting period ended June 30, 2019, global equity and fixed-income markets recovered from 2018’s year-end weakness, generating positive returns. U.S. markets were particularly strong, with major market indices achieving multiple record highs during the period. Although trade tensions between the U.S. and China, as well as the U.S. and Mexico, continued during the period, volatility subsided for the most part, rising slightly as stocks weakened in early May when negotiations between China and the U.S. stalled. The U.S. dollar, as measured against a basket of international currencies, hit a two-year high in May before falling back slightly. In this environment, the S&P 500® Index, a bellwether for the overall U.S. stock market, returned 18.54% for the reporting period. For the same period, the MSCI EAFE® Index (Net)*, a broad measure of developed international equity performance, returned 14.03%, and the MSCI Emerging Markets Index (Net)* returned 10.58%. The Bloomberg Barclays US Aggregate Bond Index returned 6.11% for the reporting period, and the FTSE non–US Dollar World Government Bond Index returned 5.50%.
The U.S. economy demonstrated continued growth despite lingering uncertainties globally. Oil prices, which had fallen steeply at the end of 2018, rebounded through the first four months of the period as major exporters sought to curb supply and central banks took steps to ease growth-related fears, before dipping in May when trade concerns escalated. In the U.S., gross domestic product (GDP) grew at an annual rate of 3.1% in the first quarter of 2019, up from 2.2% in the last quarter of 2018. The labor market remained strong, with the unemployment rate near an 18-year low. The inflation rate ended the reporting period lower than at the beginning of the reporting period, but up from earlier lows in January and February. Consumer confidence, which had fallen steeply in December, recovered to a near 18-year high by period-end. U.S. manufacturing slowed, however, as manufacturers grappled with a cooling global economy and uncertainty surrounding trade and tariffs.
Outside the U.S., conditions were softer, though many economies showed moderate strength during the reporting period. The eurozone and China showed particular resiliency, with both reporting positive GDP growth in the first quarter of 2019, exceeding expectations, although both showed signs of cooling toward the end of the period.
Asset Class Performance Comparison % returns during the 6 months ended June 30, 2019    
 
Index figures 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. Past performance is not an indication of future results.
For index definitions, please see the Glossary.
Data source: Index provider websites and CSIM.
Nothing in this report represents a recommendation of a security by the investment adviser.
Management views 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.
1
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
The Investment Environment (continued)
Across the globe, monetary policy mostly remained accommodative, with several central banks scaling back plans to raise interest rates. In the U.S., after enacting four short-term interest rate hikes in 2018, the Federal Reserve (Fed) held rates steady at its meetings in January, March, May, and June 2019. With the Fed having declared its intent to remain “patient” earlier in the reporting period, by June markets began to expect possible rate cuts later in 2019 due to increased uncertainties regarding the global economic outlook and the Fed’s intent to monitor incoming information in order to sustain U.S. economic expansion. The federal funds rate ended the reporting period in a target range of 2.25% to 2.50%. The Fed also announced that, in September, it would end its program of allowing securities to mature without reinvesting the proceeds to reduce the size of its balance sheet.
Outside the U.S., the European Central Bank has held interest rates unchanged since early 2016 and in June announced that it would likely maintain those rates through mid-2020. Also in June, the Bank of Japan upheld its short-term interest rate target of –0.1%, also unchanged since 2016, and maintained its pledge to keep interest rates extremely low for an extended period. The Bank of England held its key interest rate steady at 0.75% at its June meeting and warned that it expected growth to be flat in the second quarter of 2019 due to global trade tensions and the perceived likelihood of a no-deal Brexit.
Trade tensions, global growth fears, and expectations for policy easing steered investors to less-risky assets, driving a rally in the bond market during the reporting period and pushing yields lower. (Bond yields and bond prices move in opposite directions.) The U.S. bond yield curve flattened and subsequently certain parts of the yield curve inverted as short-term yields exceeded long-term yields, raising recession concerns. The yield on the 3-month Treasury bill, which typically responds to changes in the federal funds rate, fell from 2.45% at the outset of the reporting period to 2.12% at its close.1 Longer-term yields, which are generally driven by inflation expectations and growth forecasts, also declined with the 10-year Treasury yield falling from 2.69% to 2.00% over the reporting period.1 Outside the U.S., bond yields generally remained low.
1 Data source for yields: U.S. Department of the Treasury
2
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Portfolio Management
Zifan Tang, Ph.D., CFA, Senior Portfolio Manager, is responsible for the co-management of the fund. She has served as portfolio manager of the fund since July 2012. Prior to joining CSIM in 2012, Ms. Tang was a product manager at Thomson Reuters and, from 1997 to 2009, worked as a portfolio manager at Barclays Global Investors, which was subsequently acquired by BlackRock.
    
Patrick Kwok, CFA, Portfolio Manager, is responsible for the co-management of the fund. He has served as portfolio manager of the fund since April 2019. Prior to joining CSIM in 2008, Mr. Kwok spent two years as an asset operations specialist at Charles Schwab Trust Company. He also previously worked for one year at State Street Bank & Trust as a portfolio accountant and pricing specialist.
3
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value 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.schwabfunds.com/schwabfunds_prospectus.    
 
Average Annual Total Returns1
Fund and Inception Date 6 Months 1 Year 5 Years Since Inception
Fund: Schwab VIT Balanced with Growth Portfolio (07/25/12) 11.66% 4.55% 3.92% 6.21%
VIT Balanced with Growth Composite Index 11.97% 5.20% 4.56% 6.97%
S&P 500® Index 18.54% 10.42% 10.71% 14.40%
Bloomberg Barclays US Aggregate Bond Index 6.11% 7.87% 2.95% 2.43%
Fund Category: Morningstar Allocation – 50% to 70% Equity2 12.20% 6.13% 5.38% N/A
Fund Expense Ratio3: 0.60%
All total return figures 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.
The first index listed for the fund is the fund’s primary benchmark, as shown in the prospectus. Additional indices are provided for comparative purposes.
The components that make up the composite index may vary over time. For index definitions, please see the Glossary.
1 Fund expenses may have been partially absorbed by CSIM and its affiliates. Without these reductions, the fund’s returns would have been lower. Fund performance does not reflect the additional fees and expenses imposed by the insurance company under the variable insurance product contract. If those contract fees and expenses were included, the performance would be less than that shown. Please refer to the variable insurance product prospectus for a complete listing of these expenses.
2 Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds within the category as of the report date.
3 As stated in the prospectus. Includes 0.10% of acquired fund fees and expenses (AFFE), which are indirect expenses incurred by the fund through its investments in the underlying funds. Reflects the total annual fund operating expenses without contractual fee waivers. For actual expense ratios during the period, not including AFFE, refer to the Financial Highlights section of the financial statements.
4
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Performance and Fund Facts as of June 30, 2019
Statistics
Number of Holdings 14
Portfolio Turnover Rate 3% 1
Asset Class Weightings % of Investments2,3
 
    
Top Holdings % of Net Assets4,5
    
Portfolio holdings may have changed since the report date.
1 Not annualized.
2 The fund intends to primarily invest in affiliated Schwab ETFs and unaffiliated third-party ETFs. The fund may also invest in affiliated Schwab and Laudus mutual funds and unaffiliated third party mutual funds (all such ETFs and mutual funds referred to as “underlying funds”). The fund may also invest directly in equity or fixed income securities, and money market investments to achieve its investment objectives.
3 The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.
4 This list is not a recommendation of any security by the investment adviser.
5 The holdings listed exclude any temporary liquidity investments.
5
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, transfer agent fees, and other fund expenses.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in the fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning January 1, 2019 and held through June 30, 2019.
The Actual Return line in the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number given for the fund under the heading entitled “Expenses Paid During Period.”
The Hypothetical Return line in the table below provides information about hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
  Expense Ratio
(Annualized)1,2 		Effective
Expense Ratio
(Annualized)3,4 		Beginning
Account Value
at 1/1/19 		Ending
Account Value
(Net of Expenses)
at 6/30/192 		Expenses Paid
During Period
1/1/19-6/30/192,5 		Effective
Expenses Paid
During Period
1/1/19-6/30/194,5
Schwab VIT Balanced with Growth Portfolio            
Actual Return 0.51% 0.60% $1,000.00 $1,116.60 $2.68 $3.15
Hypothetical 5% Return 0.51% 0.60% $1,000.00 $1,022.27 $2.56 $3.01
    
1 Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights.
2 Excludes acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in underlying funds.
3 Based on the most recent six-month acquired fund fees and expense ratio; may differ from the acquired fund fees and expense ratio in the prospectus.
4 Includes acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in underlying funds.
5 Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days of the period, and divided by the 365 days of the fiscal year.
6
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Statements
Financial Highlights
  1/1/19–
6/30/19* 		1/1/18–
12/31/18 		1/1/17–
12/31/17 		1/1/16–
12/31/16 		1/1/15–
12/31/15 		1/1/14–
12/31/14
Per-Share Data
Net asset value at beginning of period $12.66 $13.80 $12.38 $11.80 $12.26 $11.86
Income (loss) from investment operations:            
Net investment income (loss)1 0.09 0.25 0.22 0.19 0.17 0.19
Net realized and unrealized gains (losses) 1.39 (1.16) 1.46 0.56 (0.47) 0.30
Total from investment operations 1.48 (0.91) 1.68 0.75 (0.30) 0.49
Less distributions:            
Distributions from net investment income (0.26) (0.21) (0.18) (0.16) (0.15) (0.09)
Distributions from net realized gains (0.08) (0.02) (0.08) (0.01) (0.01) (0.00) 2
Total distributions (0.34) (0.23) (0.26) (0.17) (0.16) (0.09)
Net asset value at end of period $13.80 $12.66 $13.80 $12.38 $11.80 $12.26
Total return 11.66% 3 (6.70%) 13.70% 6.38% (2.47%) 4.15%
Ratios/Supplemental Data
Ratios to average net assets:            
Net operating expenses4 0.51% 5 0.50% 0.51% 0.51% 0.53% 0.55%
Gross operating expenses4 0.51% 5 0.50% 0.51% 0.51% 0.55% 0.57%
Net investment income (loss) 1.37% 5 1.87% 1.65% 1.55% 1.41% 1.53%
Portfolio turnover rate 3% 3 8% 6% 33% 6 7% 8%
Net assets, end of period (x 1,000,000) $154 $140 $150 $133 $116 $99
 
* Unaudited.
1
Calculated based on the average shares outstanding during the period.
2
Per-share amount was less than $0.005.
3
Not annualized.
4
The expenses incurred by underlying funds in which the fund invests are not included in this ratio.
5
Annualized.
6
The portfolio turnover rate increased due to the consolidation of multiple unaffiliated investments into the Schwab U.S. Aggregate Bond ETF, which reduces costs for shareholders.
7
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced with Growth Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited)
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. Effective March 31, 2019, Form N-PORT Part F has replaced Form N-Q. The fund’s Form N-Q and Form N-PORT Part F are available on the SEC’s website at www.sec.gov. The fund also makes available its complete schedule of portfolio holdings 60 to 80 days after the end of the fund’s fiscal quarter on the fund’s website at www.schwabfunds.com/schwabfunds_prospectus.    
 
Security Number
of Shares 		Value ($)
Affiliated Underlying Funds 93.4% of net assets
 
U.S. Stocks 28.2%
Large-Cap 22.2%
Schwab U.S. Large-Cap ETF 487,732 34,233,909
Small-Cap 6.0%
Schwab U.S. Small-Cap ETF 129,697 9,270,742
    43,504,651
 
International Stocks 26.2%
Developed-Market Large-Cap 17.1%
Schwab International Equity ETF 821,439 26,359,977
Developed-Market Small-Cap 2.9%
Schwab International Small-Cap Equity ETF 133,922 4,371,214
Emerging-Market 6.2%
Schwab Emerging Markets Equity ETF 365,340 9,586,522
    40,317,713
 
Real Assets 6.0%
Real Estate 6.0%
Schwab U.S. REIT ETF 206,859 9,192,814
 
Fixed Income 29.0%
Inflation-Protected Bond 1.9%
Schwab U.S. TIPS ETF 51,830 2,918,547
Intermediate-Term Bond 27.1%
Schwab U.S. Aggregate Bond ETF 787,334 41,728,702
    44,647,249
 
Money Market Fund 4.0%
Schwab Variable Share Price Money Fund, Ultra Shares 2.35% (a) 6,204,464 6,206,946
Total Affiliated Underlying Funds
(Cost $120,316,849)   143,869,373

Unaffiliated Underlying Funds 7.0% of net assets
 
U.S. Stock 1.0%
Micro-Cap 1.0%
iShares Micro-Cap ETF (b) 15,995 1,490,574
 
Security Number
of Shares 		Value ($)
Real Assets 3.8%
Commodity 3.8%
Credit Suisse Commodity Return Strategy Fund, Class I 1,286,767 5,880,525
 
Fixed Income 0.9%
International Developed-Market Bond 0.9%
SPDR Bloomberg Barclays International Treasury Bond ETF (b) 49,471 1,430,701
 
Securities Lending Collateral 1.3%
Wells Fargo Government Money Market Fund, Select Class 2.29% (a) 2,061,499 2,061,499
Total Unaffiliated Underlying Funds
(Cost $12,263,807)   10,863,299
Issuer
Rate, Maturity Date 		Face
Amount ($) 		Value ($)
Short-Term Investment 0.6% of net assets
 
Time Deposit 0.6%
Australia & New Zealand Banking Group Ltd.
1.76%, 07/01/19 (c) 894,160 894,160
Total Short-Term Investment
(Cost $894,160)   894,160
(a) The rate shown is the 7-day yield.
(b) All or a portion of this security is on loan. Securities on loan were valued at $2,032,544.
(c) The rate shown is the current daily overnight rate.
   
ETF — Exchange-traded fund
REIT — Real Estate Investment Trust
SPDR — Standard & Poor’s Depositary Receipts
TIPS — Treasury Inflation Protected Securities
 
8
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced with Growth Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Below is a summary of the fund’s transactions with its affiliated underlying funds during the period ended June 30, 2019:
Affiliated Underlying Funds Market
Value at
12/31/18 		Gross
Purchases 		Gross
Sales 		Realized
Gains (Losses) 		Net Change
in Unrealized
Appreciation
(depreciation) 		Market
Value at
06/30/19 		Balance
of Shares
Held at
06/30/19 		Distributions
Received*
Schwab Emerging Markets Equity ETF $8,538,449 $251,079 ($200,249) ($10,146) $1,007,389 $9,586,522 365,340 $58,674
Schwab International Equity ETF 23,746,357 776,141 (1,272,168) (110,010) 3,219,657 26,359,977 821,439 211,438
Schwab International Small-Cap Equity ETF 3,897,130 — — — 474,084 4,371,214 133,922 22,231
Schwab U.S. Aggregate Bond ETF 38,258,687 2,295,430 (699,896) (10,268) 1,884,749 41,728,702 787,334 495,638
Schwab U.S. Large-Cap ETF 30,573,146 638,060 (2,248,859) 178,613 5,092,949 34,233,909 487,732 291,108
Schwab U.S. REIT ETF 8,326,209 — (403,061) 31,554 1,238,112 9,192,814 206,859 93,314
Schwab U.S. Small-Cap ETF 8,269,653 239,507 (712,278) 43,913 1,429,947 9,270,742 129,697 52,525
Schwab U.S. TIPS ETF 3,009,477 — (250,897) (17,428) 177,395 2,918,547 51,830 11,164
Schwab Variable Share Price Money Fund, Ultra Shares 5,640,776 564,987 — — 1,183 6,206,946 6,204,464 70,193
Total $130,259,884 $4,765,204 ($5,787,408) $106,228 $14,525,465 $143,869,373   $1,306,285
* Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds.
   
The following is a summary of the inputs used to value the fund’s investments as of June 30, 2019 (see financial note 2(a) for additional information):
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 $143,869,373 $— $— $143,869,373  
Unaffiliated Underlying Funds1 10,863,299 — — 10,863,299  
Short-Term Investment1 — 894,160 — 894,160  
Total $154,732,672 $894,160 $— $155,626,832  
1 As categorized in Portfolio Holdings.
Fund investments in underlying mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the investments held by the underlying mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.
9
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced with Growth Portfolio
Statement of Assets and Liabilities
As of June 30, 2019; unaudited
Assets
Investments in affiliated underlying funds, at value (cost $120,316,849)   $143,869,373
Investments in unaffiliated funds and issuers, at value (cost $11,096,468) including securities on loan of $2,032,544   9,695,960
Collateral invested for securities on loan, at value (cost $2,061,499)   2,061,499
Receivables:    
Dividends   567,169
Income from securities on loan   1,618
Fund shares sold   339
Interest + 130
Total assets   156,196,088
Liabilities
Collateral held for securities on loan   2,061,499
Payables:    
Investments bought   16,578
Investment adviser and administrator fees   52,291
Fund shares redeemed   12,770
Accrued expenses + 24,331
Total liabilities   2,167,469
Net Assets
Total assets   156,196,088
Total liabilities – 2,167,469
Net assets   $154,028,619
Net Assets by Source    
Capital received from investors   131,350,469
Total distributable earnings   22,678,150
    
Net Asset Value (NAV)
Net Assets ÷ Shares
Outstanding 		= NAV
$154,028,619   11,161,204   $13.80
         
10
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced with Growth Portfolio
Statement of Operations
For the period January 1, 2019 through June 30, 2019; unaudited
Investment Income
Dividends received from affiliated underlying funds   $1,306,285
Dividends received from unaffiliated underlying funds   51,632
Interest   12,037
Securities on loan, net + 1,618
Total investment income   1,371,572
Expenses
Investment adviser and administrator fees   328,700
Professional fees   16,365
Independent trustees’ fees   10,000
Portfolio accounting fees   4,574
Shareholder reports   4,415
Custodian fees   1,925
Transfer agent fees   1,064
Other expenses + 1,990
Total expenses – 369,033
Net investment income   1,002,539
Realized and Unrealized Gains (Losses)
Net realized gains on sales of affiliated underlying funds   106,228
Net realized gains on sales of unaffiliated underlying funds + 1,470
Net realized gains   107,698
Net change in unrealized appreciation (depreciation) on affiliated underlying funds   14,525,465
Net change in unrealized appreciation (depreciation) on unaffiliated underlying funds + 453,547
Net change in unrealized appreciation (depreciation) + 14,979,012
Net realized and unrealized gains   15,086,710
Increase in net assets resulting from operations   $16,089,249
11
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced with Growth Portfolio
Statement of Changes in Net Assets
For the current and prior report periods
Figures for the current period are unaudited
Operations  
  1/1/19-6/30/19 1/1/18-12/31/18
Net investment income   $1,002,539 $2,813,802
Net realized gains   107,698 830,484
Net change in unrealized appreciation (depreciation) + 14,979,012 (13,650,836)
Increase (decrease) in net assets from operations   16,089,249 (10,006,550)
Distributions to Shareholders  
Total distributions   ($3,658,138) ($2,514,896)
    
Transactions in Fund Shares      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES VALUE SHARES VALUE
Shares sold   397,662 $5,481,193 980,329 $13,386,440
Shares reinvested   265,083 3,658,138 186,013 2,514,896
Shares redeemed + (522,046) (7,093,128) (1,034,231) (14,051,066)
Net transactions in fund shares   140,699 $2,046,203 132,111 $1,850,270
Shares Outstanding and Net Assets      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES NET ASSETS SHARES NET ASSETS
Beginning of period   11,020,505 $139,551,305 10,888,394 $150,222,481
Total increase or decrease + 140,699 14,477,314 132,111 (10,671,176)
End of period   11,161,204 $154,028,619 11,020,505 $139,551,305
12
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited
1. Business Structure of the Fund:
Schwab VIT Balanced with Growth Portfolio (the fund) is a series of Schwab Annuity Portfolios (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 funds in the trust as of the end of the period, including the fund discussed in this report, which is highlighted:
SCHWAB ANNUITY PORTFOLIOS (ORGANIZED JANUARY 21, 1994)
Schwab Government Money Market Portfolio  
Schwab S&P 500 Index Portfolio  
Schwab VIT Balanced Portfolio  
Schwab VIT Balanced with Growth Portfolio  
Schwab VIT Growth Portfolio  
The fund is a “fund of funds” which primarily invests in affiliated Schwab ETFs and unaffiliated third-party ETFs. The fund may also invest in affiliated Schwab mutual funds and Laudus mutual funds and unaffiliated third-party mutual funds (all such ETFs and mutual funds referred to as underlying funds). The fund may also invest directly in equity or fixed-income securities, including bonds, cash equivalents, money market funds and money market investments, to achieve its investment objectives.
The fund in this report offers one share class. Shares are bought and sold at closing net asset value per share (NAV), 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 (the Board) may authorize the issuance of as many shares as necessary.
The fund is intended as an investment vehicle for variable annuity contracts and variable life insurance policies to be offered by separate accounts of participating life insurance companies and for pension and retirement plans qualified under the Internal Revenue Code of 1986, as amended. At June 30, 2019, 100% of the fund’s shares were held through separate accounts of two insurance companies. Subscriptions and redemptions of these insurance separate accounts could have a material impact on the fund.
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.
    
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 Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).
The financial statements of the fund should be read in conjunction with the underlying funds’ financial statements. For more information about the underlying funds’ operations and policies, please refer to those funds’ semiannual and annual reports, which are filed and available on the U.S. Securities and Exchange Commission’s (SEC) website at www.sec.gov.
(a) Security Valuation:
Under procedures approved by 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 market 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:
•   Underlying funds: Mutual funds are valued at their respective NAVs. ETFs traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.
•   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
13
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
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 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 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 specific investments 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.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of June 30, 2019 are disclosed in the Portfolio Holdings.
(b) Accounting Policies for certain Portfolio Investments (if held):
Securities Lending: Under the trust’s Securities Lending Program, a 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 under Rule 2a-7 of 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
14
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
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 fund, including collateral received from the loan. Securities lending fees paid to the unaffiliated lending agents start at 10% of gross lending revenue, with subsequent breakpoints to a low of 7.5%. 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 Charles Schwab Investment Management, Inc. (CSIM or the investment adviser) or any affiliate of CSIM.
As of June 30, 2019, the fund had securities on loan, all of which were classified as ETFs. The values of these securities on loan and the related collateral, if any, are disclosed in the fund’s Portfolio Holdings. The value of the securities on loan and the investment of cash collateral are also disclosed in the fund’s Statement of Assets and Liabilities.
Cash Management Transactions: The fund may subscribe to the Brown Brothers Harriman & Co. (BBH) Cash Management Service Sweep (CMS Sweep). The BBH CMS Sweep is an investment product that automatically sweeps the fund’s cash balances into overnight offshore time deposits with either the BBH Grand Cayman branch or a branch of a pre-approved commercial bank. This fully automated program allows the fund to earn interest on cash balances. Excess cash invested with deposit institutions domiciled outside of the U.S., as with any offshore deposit, may be subject to sovereign actions in the jurisdiction of the deposit institution including, but not limited to, freeze, seizure or diminution. The fund bears the risk associated with the repayment of principal and payment of interest on such instruments by the institution with which the deposit is ultimately placed. Balances in the CMS Sweep are accounted for on a cost basis, which approximates market value.
(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.
(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 day it learns of the ex-dividend date. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.
(e) Expenses:
Expenses that are specific to the fund are charged directly to the fund. Expenses that are common to all funds within the trust generally are allocated among the funds in proportion to their average daily net assets. The fund bears its share of the acquired fund fees and expenses of the underlying funds, which are indirect expenses incurred by the fund through its investments in the underlying funds. Such expenses are reflected in the net asset values of the underlying funds.
(f) Distributions to Shareholders:
The fund makes distributions from net investment income and net realized capital gains, if any, once a year.
(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 the participating insurance company’s (shareholders) separate accounts each year. As long as the fund meets the tax requirements, it is not required to pay federal income tax.
15
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
(i) 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.
(j) Recent Accounting Standards:
In August 2018, the FASB issued Accounting Standards Update “Fair Value Measurement (Topic 820)” (ASU 2018-13) which modifies the disclosure requirements for fair value measurement by removing, modifying, or adding certain disclosures. The amendments are effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The fund is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The fund has early adopted certain removed or modified disclosures, including the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of transfers between levels upon issuance of ASU 2018-13, and has delayed adoption of the additional disclosures until their effective date. At this time, management is currently evaluating the impact that the adoption of the additional disclosures will have on the fund’s financial statements.
    
3. Risk Factors:
Investing in the fund may involve certain risks, as discussed in the fund’s prospectus, including, but not limited to, those described below. Any of these risks could cause an investor to lose money.
Asset Allocation Risk. The fund is subject to the risk that the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes and market segments may cause the fund to underperform other funds with a similar investment objective.
Conflicts of Interest Risk. The investment adviser’s authority to select and substitute underlying funds from a variety of affiliated and unaffiliated mutual funds and ETFs may create a conflict of interest because the fees paid to it and its affiliates by some underlying funds are higher than the fees paid by other underlying funds. The investment adviser also may have an incentive to select an affiliated underlying fund for other reasons, including to increase assets under management or to support new investment strategies. In addition, other conflicts of interest may exist where the best interests of the affiliated underlying fund may not be aligned with those of the fund. However, the investment adviser is a fiduciary to the fund and is legally obligated to act in the fund’s best interests when selecting underlying funds.
Market Risk. Financial markets rise and fall in response to a variety of factors, sometimes rapidly and unpredictably. As with any investment whose performance is tied to these markets, the value of an investment in the fund will fluctuate, which means that an investor could lose money over short or long periods.
Securities Lending Risk. Securities lending involves the risk of loss of rights in, or delay in recovery of, the loaned securities if the borrower fails to return the security loaned or becomes insolvent.
ETF Risk. When the fund invests in an ETF, it will bear a proportionate share of the ETF’s expenses. In addition, lack of liquidity in the market for an ETF’s share can result in its value being more volatile than the underlying portfolio of securities.
Direct Investment Risk. The fund may invest directly in cash, cash equivalents and equity and fixed-income securities, including money market securities, to maintain its allocations. The fund’s direct investment in these securities is subject to the same or similar risks as an underlying fund’s investment in the same securities.
Underlying Fund Investment Risk. The fund is subject to the risks associated with the underlying funds in which the fund may invest, which include any combination of the risks described below.
•   Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
•   Market Capitalization Risk. Securities issued by companies of different market capitalizations tend to go in and out of favor based on market and economic conditions. During a period when securities of a particular market capitalization fall behind other types of investments, an underlying fund’s performance could be impacted.
16
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Foreign Investment Risk. An underlying fund’s investments in securities of foreign issuers involve certain risks that may be greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may negatively impact the value or liquidity of an underlying fund’s investments, and could impair the underlying fund’s ability to meet its investment objective or invest in accordance with its investment strategy. There is a risk that investments in securities denominated in, and/or receiving revenues in, foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged, resulting in the dollar value of an underlying fund’s investment being adversely affected.
•   Emerging Market Risk. Emerging market countries may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. Emerging market countries often have less uniformity in accounting and reporting requirements and greater risk associated with the custody of securities. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in developed countries. As a result, there may be an increased risk of illiquidity and price volatility associated with an underlying fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar, and, at times, it may be difficult to value such investments.
•   Growth Investing Risk. Certain of the underlying funds pursue a “growth style” of investing. Growth investing focuses on a company’s prospects for growth of revenue and earnings. If a company’s earnings or revenues fall short of expectations, its stock price may fall dramatically. Growth stocks also can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks. Since growth companies usually invest a high portion of earnings in their business, they may lack the dividends of value stocks that can cushion stock prices in a falling market. Growth stocks may also be more expensive relative to their earnings or assets compared to value or other stocks.
•   Value Investing Risk. Certain of the underlying funds may pursue a “value style” of investing. Value investing focuses on companies whose stocks appear undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. If an underlying fund’s investment adviser’s (or sub-adviser’s) assessment of a company’s value or prospects for exceeding earnings expectations or market conditions is wrong, the underlying fund could suffer losses or produce poor performance relative to other funds. In addition, “value stocks” can continue to be undervalued by the market for long periods of time.
•   Debt Securities Risk. Bond prices generally fall when interest rates rise. Bonds with longer maturities tend to be more sensitive to this risk. Underlying fund performance also could be affected if an issuer or guarantor of a bond held by the fund fails to make timely principal or interest payments or otherwise honor its obligations. Lower-quality bonds are considered speculative with respect to their issuer’s ability to make timely payments or otherwise honor their obligations. In addition, prices of lower-quality bonds tend to be more volatile than those of investment-grade bonds, and may fall based on bad news about the issuer, an industry or the overall economy.
•   Interest Rate Risk. An underlying fund’s investments in fixed income securities are subject to the risk that interest rates rise and fall over time. As with any investment whose yield reflects current interest rates, an underlying fund’s yield will change over time. During periods when interest rates are low, an underlying fund’s yield (and total return) also may be low. Changes in interest rates also may affect an underlying fund’s share price: a sharp rise in interest rates could cause the underlying fund’s share price to fall. The longer the underlying fund’s duration, the more sensitive to interest rate movements its share price is likely to be. A change in a central bank’s monetary policy or improving economic conditions, among other things, may result in an increase in interest rates. Certain underlying funds are currently subject to heightened levels of interest rate risk because of the continued economic recovery, along with the fact that the Federal Reserve Board ended its quantitative easing program in 2014, and has begun, and may continue, to raise interest rates.
•   Credit Risk. Certain of the underlying funds are subject to the risk that a decline in the credit quality of a portfolio investment could cause the underlying fund’s share price to fall. An underlying fund could lose money if the issuer or guarantor of a portfolio investment fails to make timely principal or interest payments or otherwise honor its obligations. Securities rated below investment grade (junk bonds) involve greater risk of price declines than investment grade securities due to actual or perceived changes in the issuer’s creditworthiness.
17
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Prepayment and Extension Risk. An underlying fund’s investments in fixed income securities are subject to the risk that the securities may be paid off earlier or later than expected. Either situation could cause the underlying fund to hold securities paying lower-than-market rates of interest, which could hurt the underlying fund’s yield or share price.
•   U.S. Government Securities Risk. Some of the U.S. government securities that the underlying funds invest in are not backed by the full faith and credit of the U.S. government, which means they are neither issued nor guaranteed by the U.S. Treasury. Certain securities such as those issued by the Federal Home Loan Banks are supported by limited lines of credit maintained by their issuers with the U.S. Treasury. Securities issued by other issuers, such as the Federal Farm Credit Banks Funding Corporation, are supported solely by the credit of the issuer. There can be no assurance that the U.S. government will provide financial support to securities of its agencies and instrumentalities if it is not obligated to do so under law. Also, any government guarantees on securities the underlying funds own do not extend to shares of the underlying funds themselves.
•   Real Estate Investment Risk. An underlying fund in which the fund may invest may have a policy of concentrating its investments in real estate companies and companies related to the real estate industry. As such, an underlying fund is subject to risks associated with the direct ownership of real estate securities and the fund’s investment in such an underlying fund is subject to risks associated with the direct ownership of real estate securities and an investment in the underlying fund will be closely linked to the performance of the real estate markets. These risks include, among others, declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds or other limits to accessing the credit or capital markets; defaults by borrowers or tenants, particularly during an economic downturn; and changes in interest rates.
•   Real Estate Investment Trust (REITs) Risk. An underlying fund may invest in REITs. An underlying fund’s investments in REITs will be subject to the risks associated with the direct ownership of real estate, including fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. REITs are also subject to certain additional risks. For example, equity REITs may be affected by changes in the value of the underlying properties owned by the trusts, and mortgage REITs may be affected by the quality of any credit extended. Further, REITs may have their investments in relatively few properties, a small geographic area or a single property type. In addition, REITs have their own expenses, and the underlying fund will bear a proportionate share of those expenses.
•   Mortgage-Backed and Mortgage Pass-Through Securities Risk. Certain of the mortgage-backed securities in which an underlying fund may invest are not backed by the full faith and credit of the U.S. government and there can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities where it was not obligated to do so. Mortgage-backed securities tend to increase in value less than other debt securities when interest rates decline, but are subject to similar risk of decline in market value during periods of rising interest rates. Because of prepayment and extension risk, mortgage-backed securities react differently to changes in interest rates than other bonds. Small movements in interest rates — both increases and decreases — may quickly and significantly affect the value of certain mortgage-backed securities. Transactions in mortgage pass-through securities primarily occur through to be announced (TBA) transactions. Default by or bankruptcy of a counterparty to a TBA transaction would expose an underlying fund to possible losses because of an adverse market action, expenses, or delays in connection with the purchase or sale of the pools of mortgage pass-through securities specified in the TBA transaction.
•   Portfolio Turnover Risk. Certain of the underlying funds may buy and sell portfolio securities actively. If they do, their portfolio turnover rate and transaction costs will rise, which may lower the underlying fund’s performance and may increase the likelihood of capital gains distributions.
•   Commodity Risk. To the extent that an underlying fund invests in commodity-linked derivative instruments, it may subject the underlying fund to greater volatility than investments in traditional securities. Also, commodity-linked investments may be more volatile and less liquid than the underlying commodity. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and other regulatory and market developments. The use of leveraged commodity-linked derivatives creates an opportunity for increased return, but also creates the possibility for a greater loss.
•   Liquidity Risk. An underlying fund may be unable to sell certain securities, such as illiquid securities, readily at a favorable time or price, or an underlying fund may have to sell them at a loss.
18
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Derivatives Risk. An underlying fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. An underlying fund’s use of derivatives could reduce the underlying fund’s performance, increase volatility, and could cause the underlying fund to lose more than the initial amount invested. In addition, investments in derivatives may involve leverage, which means a small percentage of assets invested in derivatives can have a disproportionately large impact on an underlying fund.
•   Management Risk. An underlying fund may be an actively managed mutual fund. An underlying fund’s adviser applies its own investment techniques and risk analyses in making investment decisions for the fund, but there can be no guarantee that they will produce the desired results or cause the underlying fund to meet its objectives.
•   Investment Style Risk. Certain underlying funds seek to track the performance of various segments of the stock market, as measured by their respective indices. Such underlying funds follow these stocks during upturns as well as downturns. Because of their indexing strategy, these underlying funds do not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of an underlying fund’s expenses, the underlying fund’s performance is normally below that of the index.
•   Tracking Error Risk. An underlying fund may seek to track the performance of its benchmark index, although it may not be successful in doing so. The divergence between the performance of a fund and its benchmark index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
•   Concentration Risk. To the extent that an underlying fund’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector or asset class, the underlying fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more vulnerable to adverse economic, market, political, or regulatory occurrences affecting that market, industry, group of industries, sector or asset class.
•   Money Market Fund Risk. The fund may invest in underlying money market funds that either seek to maintain a stable $1 net asset value (“stable share price money market funds”) or that have a share price that fluctuates (“variable share price money market funds”). Although an underlying stable share price money market fund seeks to maintain a stable $1 net asset value, it is possible to lose money by investing in such a money market fund. Because the share price of an underlying variable share price money market fund will fluctuate, when the fund sells the shares it owns they may be worth more or less than what the fund originally paid for them. In addition, neither type of money market fund is designed to offer capital appreciation. Certain underlying money market funds may impose a fee upon the sale of shares or may temporarily suspend the ability to sell shares if such fund’s liquidity falls below required minimums.
Please refer to the fund’s prospectus for a more complete description of the principal risks of investing in the fund.
    
4. Affiliates and Affiliated Transactions:
Investment Adviser
CSIM, a wholly owned subsidiary of The Charles Schwab Corporation, serves as the fund’s investment adviser and administrator pursuant to an Investment Advisory and Administration Agreement between CSIM and the trust.
For its advisory and administrative services to the fund, CSIM is entitled to receive an annual fee, accrued daily and payable monthly, equal to 0.45% of the fund’s average daily net assets.
Expense Limitation
CSIM and its affiliates have agreed with the fund, for so long as CSIM serves as the investment adviser to the fund, which may only be amended or terminated with approval of the fund’s Board, to limit the total annual fund operating expenses charged, excluding interest, taxes and certain non-routine expenses to 0.58%.
The agreement to limit the fund’s total expenses charged is limited to the fund’s direct operating expenses and, therefore, does not apply to acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in the underlying funds.
19
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
4. Affiliates and Affiliated Transactions (continued):
Investments in Affiliates
The fund may engage in certain transactions involving related parties. Pursuant to an exemptive order issued by the SEC, the fund may invest in other related ETFs and mutual funds. As of June 30, 2019, the Schwab VIT Balanced with Growth Portfolio’s ownership percentages of other related funds’ shares are:
Schwab Emerging Markets Equity ETF 0.2%
Schwab International Equity ETF 0.1%
Schwab International Small-Cap Equity ETF 0.2%
Schwab U.S. Aggregate Bond ETF 0.6%
Schwab U.S. Large-Cap ETF 0.2%
Schwab U.S. REIT ETF 0.2%
Schwab U.S. Small-Cap ETF 0.1%
Schwab U.S. TIPS ETF 0.0%*
Schwab Variable Share Price Money Fund, Ultra Shares 0.1%
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 Fund Complex (for definition refer to Trustees and Officers section). 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. The fund had no interfund borrowing or lending activity during the period.
    
5. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM 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 trust did not pay any of these interested persons for their services as trustees, but it did pay non-interested persons (independent trustees), as noted on the fund’s Statement of Operations. For information regarding the trustees, please refer to the Trustees and Officers table at the end of this report.
    
6. Borrowing from Banks:
During the period, the fund was a participant with other U.S. registered investment companies managed by CSIM in a joint, syndicated, committed $750 million line of credit (the Syndicated Credit Facility), maturing on October 3, 2019. Under the terms of the Syndicated Credit Facility, in addition to the interest charged on any borrowings by a fund, the fund 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 U.S. registered investment companies managed by CSIM in a joint, unsecured, uncommitted $500 million line of credit (the Uncommitted Credit Facility), with State Street Bank and Trust Company, maturing on November 29, 2019. Under the terms of the Uncommitted Credit Facility, the fund pays interest on the amount it borrows. There were no borrowings 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 disclosed on the fund’s Statement of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
    
7. Purchases and Sales of Investment Securities:
For the period ended June 30, 2019, purchases and sales of securities (excluding short-term obligations) were as follows:
20
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Financial Notes, unaudited (continued)
8. Federal Income Taxes:
As of June 30, 2019, the tax basis cost of the fund’s investments and gross unrealized appreciation and depreciation were as follows:
Tax cost $134,126,285
Gross unrealized appreciation $23,377,163
Gross unrealized depreciation (1,876,616)
Net unrealized appreciation (depreciation) $21,500,547
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of December 31, 2018, the fund had no capital loss carryforwards available to offset future net capital gains.
The tax-basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of June 30, 2019. The tax-basis components of distributions paid during the year ended December 31, 2018, were as follows:
Ordinary income $2,353,951
Long-term capital gains 160,945
As of December 31, 2018, 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. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended December 31, 2018, 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.
21
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Investment Advisory Agreement Approval
The Investment Company Act of 1940 (the 1940 Act) requires that the continuation of a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (the Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
The Board of Trustees (the Board or the Trustees, as appropriate) calls and holds one or more meetings each year that are dedicated, in whole or in part, to considering whether to renew the investment advisory and administration agreement (the Agreement) between Schwab Annuity Portfolios (the Trust) and Charles Schwab Investment Management, Inc. (CSIM) with respect to the existing funds in the Trust, including Schwab VIT Balanced with Growth Portfolio (the Fund), and to review certain other agreements pursuant to which CSIM provides investment advisory services to certain other registered investment companies. In preparation for the meeting(s), the Board requests and reviews a wide variety of materials provided by CSIM, including information about CSIM’s affiliates, personnel, business goals and priorities, profitability, third-party oversight, corporate structure and operations. The Board also receives extensive data provided by an independent provider of investment company data. This information is in addition to the detailed information about the Fund that the Board reviews during the course of each year, including information that relates to the Fund’s operations and performance, legal and compliance matters, risk management, portfolio turnover, and sales and marketing activity. The Independent Trustees receive advice from Independent Trustees’ legal counsel, including a memorandum regarding the responsibilities of trustees for the approval of investment advisory agreements. In addition, the Independent Trustees meet in executive session outside the presence of Fund management and participate in question and answer sessions with representatives of CSIM.
The Board, including a majority of the Independent Trustees, considered information specifically relating to the continuance of the Agreement with respect to the Fund at meetings held on May 13, 2019 and June 4, 2019, and approved the renewal of the Agreement with respect to the Fund for an additional one-year term at the meeting held on June 4, 2019. The Board’s approval of the continuance of the Agreement with respect to the Fund was based on consideration and evaluation of a variety of specific factors discussed at these meetings and at prior meetings, including:
1. the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund;
2. the Fund’s investment performance and how it compared to that of certain other comparable mutual funds and benchmark data;
3. the Fund’s expenses and how those expenses compared to those of certain other similar mutual funds;
4. the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and
5. the extent to which economies of scale would be realized as the Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors.
Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund. In this regard, the Trustees evaluated, among other things, CSIM’s experience, track record, compliance program, resources dedicated to hiring and retaining skilled personnel and specialized talent, and information security resources. The Trustees also considered information provided by CSIM relating to services and support provided with respect to the Fund’s portfolio management team, portfolio strategy, and internal investment guidelines, as well as trading infrastructure, liquidity management, product design and analysis, shareholder communications, securities valuation, fund accounting and custody, and vendor and risk oversight. The Trustees also considered investments CSIM has made in its infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise in key areas (including portfolio management and trade operations), and improving business continuity, cybersecurity, due diligence, risk management processes, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders. The Trustees also considered Schwab’s wide range of products, services, and channel alternatives such as investment research tools and an array of account features that benefit the Fund and certain of its shareholders. Finally, the Trustees also considered Schwab’s reputation as a full service brokerage firm and its overall financial condition. Following such evaluation, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund supported renewal of the Agreement with respect to the Fund.
Fund Performance. The Board considered the Fund’s performance in determining whether to renew the Agreement with respect to the Fund. Specifically, the Trustees considered the Fund’s performance relative to a peer category of other mutual funds and applicable indices/benchmarks, in light of total return and market trends, as well as in consideration of the Fund’s investment style and strategy attributes and disclosures. As part of this review, the Trustees considered the
 
22
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
composition of the peer category, selection criteria and the reputation of the independent provider of investment company data who prepared the peer category analysis. In evaluating the performance of the Fund, the Trustees considered the risk profile for the Fund and the appropriateness of the benchmark used to compare the performance of the Fund. The Trustees further considered the level of Fund performance in the context of their review of Fund expenses and adviser profitability discussed below and also noted that performance is reviewed throughout the year by a designated committee of the Board and by the Board. Following such evaluation the Board concluded, within the context of its full deliberations, that the performance of the Fund supported renewal of the Agreement with respect to the Fund.
Fund Expenses. With respect to the Fund’s expenses, the Trustees considered the rate of compensation called for by the Agreement, and the Fund’s net operating expense ratio, in each case, in comparison to those of other similar mutual funds, such peer groups and comparisons having been selected and calculated by an independent provider of investment company data. CSIM reported to the Board, and the Board took into account, the risk assumed by CSIM in the development of products and provision of services as well as the competitive marketplace for financial products. The Trustees considered the effects of CSIM’s and Schwab’s practice of waiving management and other fees to prevent total Fund expenses from exceeding a specified cap. The Trustees also considered fees charged by CSIM to other mutual funds and the unique insurance dedicated distribution arrangements of the Fund as compared to other funds managed by CSIM. The Trustees noted that shareholders of the Fund indirectly pay their pro rata share of the fees and expenses of the underlying funds in which the Fund invests. Following such evaluation, the Board concluded, within the context of its full deliberations, that the expenses of the Fund are reasonable and supported renewal of the Agreement with respect to the Fund.
Profitability. The Trustees considered the compensation flowing to CSIM and its affiliates, directly or indirectly and reviewed profitability on a pre-tax basis, without regard to distribution expenses. In this connection, the Trustees reviewed management’s profitability analyses. The Trustees also reviewed profitability of CSIM relating to the Schwab fund complex as a whole, noting the benefit to Fund shareholders of being part of the Schwab fund complex, including the allocations of certain fixed costs across other funds in the complex. The Trustees also considered any other benefits derived by CSIM from its relationship with the Fund, such as whether, by virtue of its management of the Fund, CSIM obtains investment information or other research resources that aid it in providing advisory services to other clients. Also, because the Fund invests a portion of its assets in other funds within the Schwab fund complex, the Trustees considered that CSIM indirectly benefits from the Fund’s investments in other underlying funds managed by CSIM. The Trustees considered
whether the compensation and profitability with respect to the Fund under the Agreement and other service agreements were reasonable and justified in light of the quality of all services rendered to the Fund by CSIM and its affiliates. The Trustees noted that CSIM continues to invest substantial sums in its business in order to provide enhanced research capabilities, services, and systems to benefit the Fund. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the profitability of CSIM is reasonable and supported renewal of the Agreement with respect to the Fund.
Economies of Scale. Although the Trustees recognized the difficulty of determining economies of scale with precision, the Trustees considered the potential existence of any economies of scale and whether those are passed along to the Fund’s shareholders through (i) the enhancement of services provided to the Fund in return for fees paid, including through investments by CSIM in CSIM’s infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise and capabilities in key areas (including portfolio and trade operations), and improving business continuity, cybersecurity, due diligence, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders; (ii) graduated investment advisory fee schedules, fee waivers, or expense caps by CSIM and its affiliates for those funds with such features; and (iii) pricing a fund to scale and keeping overall expenses down as the fund grows. The Trustees acknowledged that CSIM has shared any economies of scale with the Fund by investing in CSIM’s infrastructure, as discussed above, over time and that CSIM’s internal costs of providing investment management, technology, administrative, legal and compliance services to the Fund continues to increase as a result of regulatory or other developments. The Trustees considered that CSIM and its affiliates may employ contractual expense caps to protect shareholders from high fees when fund assets are relatively small, for example, in the case of newer funds or funds with investment strategies that are from time to time out of favor, because, among other reasons, shareholders may benefit from the continued availability of such funds at subsidized expense levels. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the Fund obtains reasonable benefits from economies of scale.
In the course of their deliberations, the Trustees may have accorded different weights to various factors and did not identify any particular information or factor that was all important or controlling. Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, approved the continuation of the Agreement with respect to the Fund and concluded that the compensation under the Agreement with respect to the Fund is fair and reasonable in light of such services and expenses and such other matters as the Trustees have considered to be relevant in the exercise of their reasonable judgment.
 
23
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Trustees and Officers
The tables below give information about the trustees and officers of Schwab Annuity Portfolios, which includes the fund covered in this report. The “Fund Complex” includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust. The Fund Complex includes 98 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the fund’s Statement of Additional Information, which is available free by calling 1-877-824-5615.
Independent Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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 (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. 98 None
John F. Cogan
1947
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. 98 Director (2005 – present), Gilead Sciences, Inc.
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) 		President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). 98 None
Stephen Timothy Kochis
1946
Trustee
(Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) 		CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). 98 None
24
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Independent Trustees (continued)
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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. 98 Director (2003 – present), Symantec Corporation
Director (2004 – present), Corcept Therapeutics Incorporated
Director (2009 – present), Adamas Pharmaceuticals, Inc.
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) 		Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). 98 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. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). 98 Director (2008 – present), KLA-Tencor Corporation
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). 98 None
Gerald B. Smith
1950
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). 98 Director (2012 – present), Eaton
    
25
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Interested Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
Walter W. Bettinger II2
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) 		Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. 98 Director (2008 – present), The Charles Schwab Corporation
Jonathan de St. Paer2
1973
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) 		Director and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. 98 None
Joseph R. Martinetto2
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) 		Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. 98 None
    
Officers of the Trust
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
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 and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc.
26
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Officers of the Trust (continued)
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
Mark Fischer
1970
Treasurer and Chief Financial 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 and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management.
George Pereira
1964
Senior Vice President and Chief Operating Officer
(Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) 		Senior Vice President and Chief Financial Officer (Nov. 2004 – present) and Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Treasurer and Chief Financial Officer (June 2006 – Dec. 2015), Laudus Funds; Treasurer and Principal Financial Officer (Nov. 2004 – Dec. 2015), Schwab Funds; Treasurer and Principal Financial Officer (Oct. 2009 – Dec. 2015), Schwab ETFs; Director (Apr. 2005 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited.
Omar Aguilar
1970
Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies
(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 – Equities and Multi-Asset Strategies (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management.
Brett Wander
1961
Senior Vice President and Chief Investment Officer – Fixed Income
(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 – Fixed Income (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm).
David Lekich
1964
Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs
Vice President and Assistant Clerk, Laudus Funds
(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 (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs.
Catherine MacGregor
1964
Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs
Chief Legal Officer, Vice President and Clerk, Laudus Funds
(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) 		Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs.
1 Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first.
2 Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co.
3 The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board.
27
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
Glossary
Bloomberg Barclays US Aggregate Bond Index   An index that is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States. To be eligible for inclusion in the index, securities must be fixed rate, non-convertible, U.S. dollar denominated with at least $300 million or more of outstanding face value and have one or more years remaining to maturity. The index excludes certain types of securities, including tax-exempt state and local government series bonds, structured notes embedded with swaps or other special features, private placements, floating rate securities, inflation-linked bonds and Eurobonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Bloomberg Barclays US Treasury 3–10 Year Index  An index which includes all publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to three years and less than ten years, are rated investment grade, and have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index excludes state and local government series bonds and coupon issues that have been stripped from bonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Bloomberg Barclays US Treasury Bills 1–3 Month Index  An index that includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months but more than 1 month, are rated investment grade and have $300 million or more of outstanding face value. It excludes zero-coupon STRIPS.
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)   An index which includes all publicly-issued U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one year remaining to maturity, are rated investment grade and have $500 million or more of outstanding face value. The TIPS in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index is market capitalization weighted and the TIPS in the index are updated on the last business day of each month. TIPS are publicly issued, dollar denominated U.S. Government securities issued by the U.S. Treasury that have principal and interest payments linked to an official inflation measure (as measured by the Consumer Price Index, or CPI) and their payments are supported by the full faith and credit of the United States.
Dow Jones U.S. Large-Cap Total Stock Market Index   An index that is a subset of the Dow Jones U.S. Total Stock Market Index, and is designed to measure the performance of large-cap U.S. equity securities. The index is a float-adjusted market capitalization weighted index.
Dow Jones U.S. Select REIT Index   An index that is a float-adjusted market-capitalization weighted index comprising of income-producing commercial and/or residential real estate investment trusts (REITs). The index excludes mortgage REITs, net-lease REITs, real estate finance companies, mortgage brokers and bankers, commercial and residential real estate brokers and estate agents, homebuilders, large landowners and sub dividers of unimproved land, hybrid REITs, timber REITs and companies that have more than 25% of their assets in direct mortgage investments.
Dow Jones U.S. Small-Cap Total Stock Market Index An index that is a subset of the Dow Jones U.S. Total Stock Market Index, and is designed to measure the performance of small-cap U.S. equity securities. The index is a float-adjusted market capitalization weighted index.
Dow Jones U.S. Total Stock Market Index   An index which includes all publicly traded stocks of companies headquartered in the United States for which pricing information is readily available. The index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace.
FTSE Developed ex US Index (Net)   An index that is comprised of large- and mid-capitalization companies in developed countries outside the United States, as defined by the index provider. The index defines the large- and mid-capitalization universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Developed Small Cap ex US Liquid Index (Net)  An index comprised of small-capitalization companies in developed countries outside the United States, as defined by the index provider. The index defines the small-capitalization universe as approximately the bottom 10% of the eligible universe with a minimum free float capitalization of $150 million. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Emerging Index (Net)   An index that is comprised of large- and mid-capitalization companies in emerging market countries, as defined by the index provider. The index defines the large- and mid-capitalization universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE non-US Dollar World Government Bond Index  A market capitalization index that measures the total rate of return performance for the government bonds of 22 countries, excluding the U.S., with a remaining maturity of at least 1 year.
MSCI EAFE Index (Net)  A free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets in Europe, Australasia, and the Far East. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes; returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
MSCI Emerging Markets Index (Net)  A free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global emerging markets. This series approximates the minimum possible dividend reinvestment. The returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
Russell 2000 Index  An index that measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.
S&P 500 Index  An index that is designed to measure the performance of 500 leading publicly traded companies from a broad range of industries.
 
28
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Schwab VIT Balanced with Growth Portfolio
VIT Balanced with Growth Composite Index  A custom blended index developed by CSIM based on a comparable portfolio asset allocation and calculated using the following portion allocations effective June 8, 2016: 1% Bloomberg Barclays Global Treasury ex-US Capped Index, 27% Bloomberg Barclays US Aggregate Bond Index, 5% Bloomberg Barclays US Treasury Bills 1–3 Month Index, 2% Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L), 4% Bloomberg Commodity Index, 6% Dow Jones U.S. Select REIT Index, 22% Dow Jones U.S. Large-Cap Total Stock Market Index, 6% Dow Jones U.S. Small-Cap Total Stock Market Index, 6% FTSE All Emerging Index (Net), 17% FTSE Developed ex US Index (Net), 3% FTSE Developed Small Cap ex US Liquid Index (Net), and 1% Russell Microcap Index. Prior to June 8, 2016, the composite index was derived using the
following allocations: 22% Dow Jones U.S. Large-Cap Total Stock Market Index, 6% Dow Jones U.S. Small-Cap Total Stock Market Index, 1% Russell Microcap Index, 17% FTSE Developed ex US Index (Net), 3% FTSE Developed Small Cap ex US Liquid Index (Net), 6% FTSE Emerging Index (Net), 6% Dow Jones U.S. Select REIT Index, 4% Dow Jones UBS Commodity Index, 2% Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L), 9% Bloomberg Barclays US Treasury 3–10 Year Index, 2% Bloomberg Barclays US Aggregate: Agencies Index, 4% Bloomberg Barclays US Credit Index, 11% Bloomberg Barclays US Mortgage Backed Securities Index, 1% Bloomberg Barclays Global Treasury ex-US Capped Index, 1% Bloomberg Barclays High Yield Bond Very Liquid Index, and 5% Bloomberg Barclays US Treasury Bills 1–3 Month Index.
 
29
Schwab VIT Balanced with Growth Portfolio  |  Semiannual Report

 

Notes

Semiannual Report  |  June 30, 2019
Schwab VIT Growth Portfolio

 

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 Fund’s website at www.schwabfunds.com/schwabfunds_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 Schwab’s website at www.schwabfunds.com/schwabfunds_prospectus or the SEC’s website at www.sec.gov.
Investment Adviser: Charles Schwab Investment Management, Inc. (CSIM)

 

Schwab VIT Growth Portfolio
The Investment Environment
Over the six-month reporting period ended June 30, 2019, global equity and fixed-income markets recovered from 2018’s year-end weakness, generating positive returns. U.S. markets were particularly strong, with major market indices achieving multiple record highs during the period. Although trade tensions between the U.S. and China, as well as the U.S. and Mexico, continued during the period, volatility subsided for the most part, rising slightly as stocks weakened in early May when negotiations between China and the U.S. stalled. The U.S. dollar, as measured against a basket of international currencies, hit a two-year high in May before falling back slightly. In this environment, the S&P 500® Index, a bellwether for the overall U.S. stock market, returned 18.54% for the reporting period. For the same period, the MSCI EAFE® Index (Net)*, a broad measure of developed international equity performance, returned 14.03%, and the MSCI Emerging Markets Index (Net)* returned 10.58%. The Bloomberg Barclays US Aggregate Bond Index returned 6.11% for the reporting period, and the FTSE non–US Dollar World Government Bond Index returned 5.50%.
The U.S. economy demonstrated continued growth despite lingering uncertainties globally. Oil prices, which had fallen steeply at the end of 2018, rebounded through the first four months of the period as major exporters sought to curb supply and central banks took steps to ease growth-related fears, before dipping in May when trade concerns escalated. In the U.S., gross domestic product (GDP) grew at an annual rate of 3.1% in the first quarter of 2019, up from 2.2% in the last quarter of 2018. The labor market remained strong, with the unemployment rate near an 18-year low. The inflation rate ended the reporting period lower than at the beginning of the reporting period, but up from earlier lows in January and February. Consumer confidence, which had fallen steeply in December, recovered to a near 18-year high by period-end. U.S. manufacturing slowed, however, as manufacturers grappled with a cooling global economy and uncertainty surrounding trade and tariffs.
Outside the U.S., conditions were softer, though many economies showed moderate strength during the reporting period. The eurozone and China showed particular resiliency, with both reporting positive GDP growth in the first quarter of 2019, exceeding expectations, although both showed signs of cooling toward the end of the period.
Asset Class Performance Comparison % returns during the 6 months ended June 30, 2019    
 
Index figures 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. Past performance is not an indication of future results.
For index definitions, please see the Glossary.
Data source: Index provider websites and CSIM.
Nothing in this report represents a recommendation of a security by the investment adviser.
Management views 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.
1
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
The Investment Environment (continued)
Across the globe, monetary policy mostly remained accommodative, with several central banks scaling back plans to raise interest rates. In the U.S., after enacting four short-term interest rate hikes in 2018, the Federal Reserve (Fed) held rates steady at its meetings in January, March, May, and June 2019. With the Fed having declared its intent to remain “patient” earlier in the reporting period, by June markets began to expect possible rate cuts later in 2019 due to increased uncertainties regarding the global economic outlook and the Fed’s intent to monitor incoming information in order to sustain U.S. economic expansion. The federal funds rate ended the reporting period in a target range of 2.25% to 2.50%. The Fed also announced that, in September, it would end its program of allowing securities to mature without reinvesting the proceeds to reduce the size of its balance sheet.
Outside the U.S., the European Central Bank has held interest rates unchanged since early 2016 and in June announced that it would likely maintain those rates through mid-2020. Also in June, the Bank of Japan upheld its short-term interest rate target of –0.1%, also unchanged since 2016, and maintained its pledge to keep interest rates extremely low for an extended period. The Bank of England held its key interest rate steady at 0.75% at its June meeting and warned that it expected growth to be flat in the second quarter of 2019 due to global trade tensions and the perceived likelihood of a no-deal Brexit.
Trade tensions, global growth fears, and expectations for policy easing steered investors to less-risky assets, driving a rally in the bond market during the reporting period and pushing yields lower. (Bond yields and bond prices move in opposite directions.) The U.S. bond yield curve flattened and subsequently certain parts of the yield curve inverted as short-term yields exceeded long-term yields, raising recession concerns. The yield on the 3-month Treasury bill, which typically responds to changes in the federal funds rate, fell from 2.45% at the outset of the reporting period to 2.12% at its close.1 Longer-term yields, which are generally driven by inflation expectations and growth forecasts, also declined with the 10-year Treasury yield falling from 2.69% to 2.00% over the reporting period.1 Outside the U.S., bond yields generally remained low.
1 Data source for yields: U.S. Department of the Treasury
2
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Portfolio Management
Zifan Tang, Ph.D., CFA, Senior Portfolio Manager, is responsible for the co-management of the fund. She has served as portfolio manager of the fund since July 2012. Prior to joining CSIM in 2012, Ms. Tang was a product manager at Thomson Reuters and, from 1997 to 2009, worked as a portfolio manager at Barclays Global Investors, which was subsequently acquired by BlackRock.
    
Patrick Kwok, CFA, Portfolio Manager, is responsible for the co-management of the fund. He has served as portfolio manager of the fund since April 2019. Prior to joining CSIM in 2008, Mr. Kwok spent two years as an asset operations specialist at Charles Schwab Trust Company. He also previously worked for one year at State Street Bank & Trust as a portfolio accountant and pricing specialist.
3
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value 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.schwabfunds.com/schwabfunds_prospectus.    
 
Average Annual Total Returns1
Fund and Inception Date 6 Months 1 Year 5 Years Since Inception
Fund: Schwab VIT Growth Portfolio (07/25/12) 13.18% 3.82% 4.51% 7.69%
VIT Growth Composite Index 13.58% 4.36% 5.13% 8.38%
S&P 500® Index 18.54% 10.42% 10.71% 14.40%
Bloomberg Barclays US Aggregate Bond Index 6.11% 7.87% 2.95% 2.43%
Fund Category: Morningstar Allocation – 70% to 85% Equity2 13.70% 4.95% 5.64% N/A
Fund Expense Ratio3: 0.60%
All total return figures 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.
The first index listed for the fund is the fund’s primary benchmark, as shown in the prospectus. Additional indices are provided for comparative purposes.
The components that make up the composite index may vary over time. For index definitions, please see the Glossary.
1 Fund expenses may have been partially absorbed by CSIM and its affiliates. Without these reductions, the fund’s returns would have been lower. Fund performance does not reflect the additional fees and expenses imposed by the insurance company under the variable insurance product contract. If those contract fees and expenses were included, the performance would be less than that shown. Please refer to the variable insurance product prospectus for a complete listing of these expenses.
2 Source for category information: Morningstar, Inc. The Morningstar Category return represents all active and index mutual funds within the category as of the report date.
3 As stated in the prospectus. Includes 0.10% of acquired fund fees and expenses (AFFE), which are indirect expenses incurred by the fund through its investments in the underlying funds. Reflects the total annual fund operating expenses without contractual fee waivers. For actual expense ratios during the period, not including AFFE, refer to the Financial Highlights section of the financial statements.
4
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Performance and Fund Facts as of June 30, 2019
Statistics
Number of Holdings 12
Portfolio Turnover Rate 2% 1
Asset Class Weightings % of Investments2,3
 
    
Top Holdings % of Net Assets4,5
    
Portfolio holdings may have changed since the report date.
1 Not annualized.
2 The fund intends to primarily invest in affiliated Schwab ETFs and unaffiliated third-party ETFs. The fund may also invest in affiliated Schwab and Laudus mutual funds and unaffiliated third party mutual funds (all such ETFs and mutual funds referred to as “underlying funds”). The fund may also invest directly in equity or fixed income securities, and money market investments to achieve its investment objectives.
3 The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets.
4 This list is not a recommendation of any security by the investment adviser.
5 The holdings listed exclude any temporary liquidity investments.
5
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, transfer agent fees, and other fund expenses.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in the fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning January 1, 2019 and held through June 30, 2019.
The Actual Return line in the table below provides information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number given for the fund under the heading entitled “Expenses Paid During Period.”
The Hypothetical Return line in the table below provides information about hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
  Expense Ratio
(Annualized)1,2 		Effective
Expense Ratio
(Annualized)3,4 		Beginning
Account Value
at 1/1/19 		Ending
Account Value
(Net of Expenses)
at 6/30/192 		Expenses Paid
During Period
1/1/19-6/30/192,5 		Effective
Expenses Paid
During Period
1/1/19-6/30/193,5
Schwab VIT Growth Portfolio            
Actual Return 0.50% 0.61% $1,000.00 $1,131.80 $2.64 $3.22
Hypothetical 5% Return 0.50% 0.61% $1,000.00 $1,022.32 $2.51 $3.06
    
1 Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights.
2 Excludes acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in underlying funds.
3 Includes acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in underlying funds.
4 Based on the most recent six-month acquired fund fees and expense ratio; may differ from the acquired fund fees and expense ratio in the prospectus.
5 Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days of the period, and divided by the 365 days of the fiscal year.
6
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Statements
Financial Highlights
  1/1/19–
6/30/19* 		1/1/18–
12/31/18 		1/1/17–
12/31/17 		1/1/16–
12/31/16 		1/1/15–
12/31/15 		1/1/14–
12/31/14
Per-Share Data
Net asset value at beginning of period $13.75 $15.28 $13.26 $12.50 $13.05 $12.65
Income (loss) from investment operations:            
Net investment income (loss)1 0.09 0.27 0.23 0.20 0.19 0.20
Net realized and unrealized gains (losses) 1.72 (1.53) 2.02 0.75 (0.55) 0.30
Total from investment operations 1.81 (1.26) 2.25 0.95 (0.36) 0.50
Less distributions:            
Distributions from net investment income (0.27) (0.22) (0.19) (0.17) (0.17) (0.10)
Distributions from net realized gains (0.08) (0.05) (0.04) (0.02) (0.02) (0.00) 2
Total distributions (0.35) (0.27) (0.23) (0.19) (0.19) (0.10)
Net asset value at end of period $15.21 $13.75 $15.28 $13.26 $12.50 $13.05
Total return 13.18% 3 (8.35%) 17.14% 7.67% (2.85%) 3.97%
Ratios/Supplemental Data
Ratios to average net assets:            
Net operating expenses4 0.50% 5 0.50% 0.50% 0.51% 0.52% 0.54%
Gross operating expenses4 0.50% 5 0.50% 0.50% 0.51% 0.54% 0.56%
Net investment income (loss) 1.22% 5 1.78% 1.61% 1.54% 1.42% 1.56%
Portfolio turnover rate 2% 3 9% 6% 21% 6 7% 9%
Net assets, end of period (x 1,000,000) $155 $140 $150 $131 $121 $107
 
* Unaudited.
1
Calculated based on the average shares outstanding during the period.
2
Per-share amount was less than $0.005.
3
Not annualized.
4
The expenses incurred by underlying funds in which the fund invests are not included in this ratio.
5
Annualized.
6
The portfolio turnover rate increased due to the consolidation of multiple unaffiliated investments into the Schwab U.S. Aggregate Bond ETF, which reduces costs for shareholders.
7
Schwab VIT Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Growth Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited)
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the U.S. Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. Effective March 31, 2019, Form N-PORT Part F has replaced Form N-Q. The fund’s Form N-Q and Form N-PORT Part F are available on the SEC’s website at www.sec.gov. The fund also makes available its complete schedule of portfolio holdings 60 to 80 days after the end of the fund’s fiscal quarter on the fund’s website at www.schwabfunds.com/schwabfunds_prospectus.    
 
Security Number
of Shares 		Value ($)
Affiliated Underlying Funds 93.2% of net assets
 
U.S. Stocks 36.1%
Large-Cap 29.1%
Schwab U.S. Large-Cap ETF 642,976 45,130,485
Small-Cap 7.0%
Schwab U.S. Small-Cap ETF 152,974 10,934,582
    56,065,067
 
International Stocks 34.0%
Developed-Market Large-Cap 21.0%
Schwab International Equity ETF 1,015,880 32,599,589
Developed-Market Small-Cap 5.0%
Schwab International Small-Cap Equity ETF 236,213 7,709,993
Emerging-Market 8.0%
Schwab Emerging Markets Equity ETF 473,447 12,423,249
    52,732,831
 
Real Assets 6.1%
Real Estate 6.1%
Schwab U.S. REIT ETF 211,806 9,412,659
 
Fixed Income 13.0%
Inflation-Protected Bond 1.0%
Schwab U.S. TIPS ETF 28,508 1,605,285
Intermediate-Term Bond 12.0%
Schwab U.S. Aggregate Bond ETF 351,958 18,653,774
    20,259,059
 
Money Market Fund 4.0%
Schwab Variable Share Price Money Fund, Ultra Shares 2.35% (a) 6,144,413 6,146,871
Total Affiliated Underlying Funds
(Cost $115,310,107)   144,616,487
Security Number
of Shares 		Value ($)
Unaffiliated Underlying Funds 5.9% of net assets
 
U.S. Stock 2.0%
Micro-Cap 2.0%
iShares Micro-Cap ETF 33,107 3,085,241
 
Real Assets 3.9%
Commodity 3.9%
Credit Suisse Commodity Return Strategy Fund, Class I 1,328,867 6,072,923
Total Unaffiliated Underlying Funds
(Cost $10,038,135)   9,158,164
Issuer
Rate, Maturity Date 		Face
Amount ($) 		Value ($)
Short-Term Investment 0.4% of net assets
 
Time Deposit 0.4%
Citibank
1.76%, 07/01/19 (b) 668,177 668,177
Total Short-Term Investment
(Cost $668,177)   668,177
(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
 
8
Schwab VIT Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Growth Portfolio
Portfolio Holdings as of June 30, 2019 (Unaudited) (continued)
Below is a summary of the fund’s transactions with its affiliated underlying funds during the period ended June 30, 2019:
Affiliated Underlying Funds Market
Value at
12/31/18 		Gross
Purchases 		Gross
Sales 		Realized
Gains (Losses) 		Net Change
in Unrealized
Appreciation
(depreciation) 		Market
Value at
06/30/19 		Balance
of Shares
Held at
06/30/19 		Distributions
Received*
Schwab Emerging Markets Equity ETF $11,324,683 $469,574 ($680,936) ($37,034) $1,346,962 $12,423,249 473,447 $76,036
Schwab International Equity ETF 29,327,395 363,529 (953,845) (54,362) 3,916,872 32,599,589 1,015,880 260,956
Schwab International Small-Cap Equity ETF 6,873,798 — — — 836,195 7,709,993 236,213 39,211
Schwab U.S. Aggregate Bond ETF 17,381,560 433,545 — — 838,669 18,653,774 351,958 222,554
Schwab U.S. Large-Cap ETF 40,348,424 225,760 (2,448,958) 448,493 6,556,766 45,130,485 642,976 390,326
Schwab U.S. REIT ETF 8,226,006 — (79,918) 7,932 1,258,639 9,412,659 211,806 96,358
Schwab U.S. Small-Cap ETF 9,615,171 290,527 (667,457) 2,492 1,693,849 10,934,582 152,974 61,816
Schwab U.S. TIPS ETF 1,518,051 — — — 87,234 1,605,285 28,508 6,141
Schwab Variable Share Price Money Fund, Ultra Shares 5,041,846 1,104,012 — — 1,013 6,146,871 6,144,413 69,132
Total $129,656,934 $2,886,947 ($4,831,114) $367,521 $16,536,199 $144,616,487   $1,222,530
* Distributions received include distributions from net investment income and capital gains, if any, from the underlying funds.
   
The following is a summary of the inputs used to value the fund’s investments as of June 30, 2019 (see financial note 2(a) for additional information):
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 $144,616,487 $— $— $144,616,487  
Unaffiliated Underlying Funds1 9,158,164 — — 9,158,164  
Short-Term Investment1 — 668,177 — 668,177  
Total $153,774,651 $668,177 $— $154,442,828  
1 As categorized in Portfolio Holdings.
Fund investments in underlying mutual funds and ETFs are classified as Level 1, without consideration to the classification level of the investments held by the underlying mutual funds and ETFs, which could be Level 1, Level 2 or Level 3.
9
Schwab VIT Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Growth Portfolio
Statement of Assets and Liabilities
As of June 30, 2019; unaudited
Assets
Investments in affiliated underlying funds, at value (cost $115,310,107)   $144,616,487
Investments in unaffiliated funds and issuers, at value (cost $10,706,312)   9,826,341
Receivables:    
Investments sold   375,715
Dividends   706,602
Income from securities on loan   508
Interest + 66
Total assets   155,525,719
Liabilities
Payables:    
Investments bought   230,170
Investment adviser and administrator fees   53,092
Fund shares redeemed   12,963
Accrued expenses + 24,261
Total liabilities   320,486
Net Assets
Total assets   155,525,719
Total liabilities – 320,486
Net assets   $155,205,233
Net Assets by Source    
Capital received from investors   126,401,125
Total distributable earnings   28,804,108
    
Net Asset Value (NAV)
Net Assets ÷ Shares
Outstanding 		= NAV
$155,205,233   10,201,655   $15.21
         
10
Schwab VIT Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Growth Portfolio
Statement of Operations
For the period January 1, 2019 through June 30, 2019; unaudited
Investment Income
Dividends received from affiliated underlying funds   $1,222,530
Dividends received from unaffiliated underlying funds   53,494
Interest   14,122
Securities on loan, net + 508
Total investment income   1,290,654
Expenses
Investment adviser and administrator fees   335,947
Professional fees   16,396
Independent trustees’ fees   10,048
Portfolio accounting fees   4,579
Shareholder reports   4,418
Custodian fees   1,864
Transfer agent fees   981
Other expenses + 2,006
Total expenses – 376,239
Net investment income   914,415
Realized and Unrealized Gains (Losses)
Net realized gains on sales of affiliated underlying funds   367,521
Net realized gains on sales of unaffiliated underlying funds + 34,861
Net realized gains   402,382
Net change in unrealized appreciation (depreciation) on affiliated underlying funds   16,536,199
Net change in unrealized appreciation (depreciation) on unaffiliated underlying funds + 561,114
Net change in unrealized appreciation (depreciation) + 17,097,313
Net realized and unrealized gains   17,499,695
Increase in net assets resulting from operations   $18,414,110
11
Schwab VIT Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Growth Portfolio
Statement of Changes in Net Assets
For the current and prior report periods
Figures for the current period are unaudited
Operations  
  1/1/19-6/30/19 1/1/18-12/31/18
Net investment income   $914,415 $2,704,079
Net realized gains   402,382 789,602
Net change in unrealized appreciation (depreciation) + 17,097,313 (16,204,527)
Increase (decrease) in net assets from operations   18,414,110 (12,710,846)
Distributions to Shareholders  
Total distributions   ($3,510,051) ($2,807,920)
    
Transactions in Fund Shares      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES VALUE SHARES VALUE
Shares sold   261,693 $3,970,079 1,301,268 $19,642,228
Shares reinvested   230,773 3,510,051 187,320 2,807,920
Shares redeemed + (464,339) (7,022,723) (1,136,972) (17,178,171)
Net transactions in fund shares   28,127 $457,407 351,616 $5,271,977
Shares Outstanding and Net Assets      
    1/1/19-6/30/19 1/1/18-12/31/18
    SHARES NET ASSETS SHARES NET ASSETS
Beginning of period   10,173,528 $139,843,767 9,821,912 $150,090,556
Total increase or decrease + 28,127 15,361,466 351,616 (10,246,789)
End of period   10,201,655 $155,205,233 10,173,528 $139,843,767
12
Schwab VIT Growth Portfolio  |  Semiannual Report
See financial notes

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited
1. Business Structure of the Fund:
Schwab VIT Growth Portfolio (the fund) is a series of Schwab Annuity Portfolios (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 funds in the trust as of the end of the period, including the fund discussed in this report, which is highlighted:
SCHWAB ANNUITY PORTFOLIOS (ORGANIZED JANUARY 21, 1994)
Schwab Government Money Market Portfolio  
Schwab S&P 500 Index Portfolio  
Schwab VIT Balanced Portfolio  
Schwab VIT Balanced with Growth Portfolio  
Schwab VIT Growth Portfolio  
The fund is a “fund of funds” which primarily invests in affiliated Schwab ETFs and unaffiliated third-party ETFs. The fund may also invest in affiliated Schwab mutual funds and Laudus mutual funds and unaffiliated third-party mutual funds (all such ETFs and mutual funds referred to as underlying funds). The fund may also invest directly in equity or fixed-income securities, including bonds, cash equivalents, money market funds and money market investments, to achieve its investment objectives.
The fund in this report offers one share class. Shares are bought and sold at closing net asset value per share (NAV), 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 (the Board) may authorize the issuance of as many shares as necessary.
The fund is intended as an investment vehicle for variable annuity contracts and variable life insurance policies to be offered by separate accounts of participating life insurance companies and for pension and retirement plans qualified under the Internal Revenue Code of 1986, as amended. At June 30, 2019, 100% of the fund’s shares were held through separate accounts of two insurance companies. Subscriptions and redemptions of these insurance separate accounts could have a material impact on the fund.
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.
    
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 Topic 946 Financial Services — Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (GAAP).
The financial statements of the fund should be read in conjunction with the underlying funds’ financial statements. For more information about the underlying funds’ operations and policies, please refer to those funds’ semiannual and annual reports, which are filed and available on the U.S. Securities and Exchange Commission’s (SEC) website at www.sec.gov.
(a) Security Valuation:
Under procedures approved by 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 market 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:
•   Underlying funds: Mutual funds are valued at their respective NAVs. ETFs traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.
•   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
13
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
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 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 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 specific investments 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.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of June 30, 2019 are disclosed in the Portfolio Holdings.
(b) Accounting Policies for certain Portfolio Investments (if held):
Securities Lending: Under the trust’s Securities Lending Program, a 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 under Rule 2a-7 of 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
14
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
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 fund, including collateral received from the loan. Securities lending fees paid to the unaffiliated lending agents start at 10% of gross lending revenue, with subsequent breakpoints to a low of 7.5%. 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 Charles Schwab Investment Management, Inc. (CSIM or the investment adviser) or any affiliate of CSIM.
As of June 30, 2019, the fund had no securities on loan.
Cash Management Transactions: The fund may subscribe to the Brown Brothers Harriman & Co. (BBH) Cash Management Service Sweep (CMS Sweep). The BBH CMS Sweep is an investment product that automatically sweeps the fund’s cash balances into overnight offshore time deposits with either the BBH Grand Cayman branch or a branch of a pre-approved commercial bank. This fully automated program allows the fund to earn interest on cash balances. Excess cash invested with deposit institutions domiciled outside of the U.S., as with any offshore deposit, may be subject to sovereign actions in the jurisdiction of the deposit institution including, but not limited to, freeze, seizure or diminution. The fund bears the risk associated with the repayment of principal and payment of interest on such instruments by the institution with which the deposit is ultimately placed. Balances in the CMS Sweep are accounted for on a cost basis, which approximates market value.
(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.
(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 day it learns of the ex-dividend date. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.
(e) Expenses:
Expenses that are specific to the fund are charged directly to the fund. Expenses that are common to all funds within the trust generally are allocated among the funds in proportion to their average daily net assets. The fund bears its share of the acquired fund fees and expenses of the underlying funds, which are indirect expenses incurred by the fund through its investments in the underlying funds. Such expenses are reflected in the net asset values of the underlying funds.
(f) Distributions to Shareholders:
The fund makes distributions from net investment income and net realized capital gains, if any, once a year.
(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 the participating insurance company’s (shareholders) separate accounts each year. As long as the fund meets the tax requirements, it is not required to pay federal income tax.
15
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
2. Significant Accounting Policies (continued):
(i) 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.
(j) Recent Accounting Standards:
In August 2018, the FASB issued Accounting Standards Update “Fair Value Measurement (Topic 820)” (ASU 2018-13) which modifies the disclosure requirements for fair value measurement by removing, modifying, or adding certain disclosures. The amendments are effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The fund is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The fund has early adopted certain removed or modified disclosures, including the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of transfers between levels upon issuance of ASU 2018-13, and has delayed adoption of the additional disclosures until their effective date. At this time, management is currently evaluating the impact that the adoption of the additional disclosures will have on the fund’s financial statements.
    
3. Risk Factors:
Investing in the fund may involve certain risks, as discussed in the fund’s prospectus, including, but not limited to, those described below. Any of these risks could cause an investor to lose money.
Asset Allocation Risk. The fund is subject to the risk that the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes and market segments may cause the fund to underperform other funds with a similar investment objective.
Conflicts of Interest Risk. The investment adviser’s authority to select and substitute underlying funds from a variety of affiliated and unaffiliated mutual funds and ETFs may create a conflict of interest because the fees paid to it and its affiliates by some underlying funds are higher than the fees paid by other underlying funds. The investment adviser also may have an incentive to select an affiliated underlying fund for other reasons, including to increase assets under management or to support new investment strategies. In addition, other conflicts of interest may exist where the best interests of the affiliated underlying fund may not be aligned with those of the fund. However, the investment adviser is a fiduciary to the fund and is legally obligated to act in the fund’s best interests when selecting underlying funds.
Market Risk. Financial markets rise and fall in response to a variety of factors, sometimes rapidly and unpredictably. As with any investment whose performance is tied to these markets, the value of an investment in the fund will fluctuate, which means that an investor could lose money over short or long periods.
Securities Lending Risk. Securities lending involves the risk of loss of rights in, or delay in recovery of, the loaned securities if the borrower fails to return the security loaned or becomes insolvent.
ETF Risk. When the fund invests in an ETF, it will bear a proportionate share of the ETF’s expenses. In addition, lack of liquidity in the market for an ETF’s share can result in its value being more volatile than the underlying portfolio of securities.
Direct Investment Risk. The fund may invest directly in cash, cash equivalents and equity and fixed-income securities, including money market securities, to maintain its allocations. The fund’s direct investment in these securities is subject to the same or similar risks as an underlying fund’s investment in the same securities.
Underlying Fund Investment Risk. The fund is subject to the risks associated with the underlying funds in which the fund may invest, which include any combination of the risks described below.
•   Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
•   Market Capitalization Risk. Securities issued by companies of different market capitalizations tend to go in and out of favor based on market and economic conditions. During a period when securities of a particular market capitalization fall behind other types of investments, an underlying fund’s performance could be impacted.
16
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Foreign Investment Risk. An underlying fund’s investments in securities of foreign issuers involve certain risks that may be greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may negatively impact the value or liquidity of an underlying fund’s investments, and could impair the underlying fund’s ability to meet its investment objective or invest in accordance with its investment strategy. There is a risk that investments in securities denominated in, and/or receiving revenues in, foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged, resulting in the dollar value of an underlying fund’s investment being adversely affected.
•   Emerging Market Risk. Emerging market countries may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. Emerging market countries often have less uniformity in accounting and reporting requirements and greater risk associated with the custody of securities. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in developed countries. As a result, there may be an increased risk of illiquidity and price volatility associated with an underlying fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar, and, at times, it may be difficult to value such investments.
•   Growth Investing Risk. Certain of the underlying funds pursue a “growth style” of investing. Growth investing focuses on a company’s prospects for growth of revenue and earnings. If a company’s earnings or revenues fall short of expectations, its stock price may fall dramatically. Growth stocks also can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks. Since growth companies usually invest a high portion of earnings in their business, they may lack the dividends of value stocks that can cushion stock prices in a falling market. Growth stocks may also be more expensive relative to their earnings or assets compared to value or other stocks.
•   Value Investing Risk. Certain of the underlying funds may pursue a “value style” of investing. Value investing focuses on companies whose stocks appear undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. If an underlying fund’s investment adviser’s (or sub-adviser’s) assessment of a company’s value or prospects for exceeding earnings expectations or market conditions is wrong, the underlying fund could suffer losses or produce poor performance relative to other funds. In addition, “value stocks” can continue to be undervalued by the market for long periods of time.
•   Debt Securities Risk. Bond prices generally fall when interest rates rise. Bonds with longer maturities tend to be more sensitive to this risk. Underlying fund performance also could be affected if an issuer or guarantor of a bond held by the fund fails to make timely principal or interest payments or otherwise honor its obligations. Lower-quality bonds are considered speculative with respect to their issuer’s ability to make timely payments or otherwise honor their obligations. In addition, prices of lower-quality bonds tend to be more volatile than those of investment-grade bonds, and may fall based on bad news about the issuer, an industry or the overall economy.
•   Interest Rate Risk. An underlying fund’s investments in fixed income securities are subject to the risk that interest rates rise and fall over time. As with any investment whose yield reflects current interest rates, an underlying fund’s yield will change over time. During periods when interest rates are low, an underlying fund’s yield (and total return) also may be low. Changes in interest rates also may affect an underlying fund’s share price: a sharp rise in interest rates could cause the underlying fund’s share price to fall. The longer the underlying fund’s duration, the more sensitive to interest rate movements its share price is likely to be. A change in a central bank’s monetary policy or improving economic conditions, among other things, may result in an increase in interest rates. Certain underlying funds are currently subject to heightened levels of interest rate risk because of the continued economic recovery, along with the fact that the Federal Reserve Board ended its quantitative easing program in 2014, and has begun, and may continue, to raise interest rates.
•   Credit Risk. Certain of the underlying funds are subject to the risk that a decline in the credit quality of a portfolio investment could cause the underlying fund’s share price to fall. An underlying fund could lose money if the issuer or guarantor of a portfolio investment fails to make timely principal or interest payments or otherwise honor its obligations. Securities rated below investment grade (junk bonds) involve greater risk of price declines than investment grade securities due to actual or perceived changes in the issuer’s creditworthiness.
17
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Prepayment and Extension Risk. An underlying fund’s investments in fixed income securities are subject to the risk that the securities may be paid off earlier or later than expected. Either situation could cause the underlying fund to hold securities paying lower-than-market rates of interest, which could hurt the underlying fund’s yield or share price.
•   U.S. Government Securities Risk. Some of the U.S. government securities that the underlying funds invest in are not backed by the full faith and credit of the U.S. government, which means they are neither issued nor guaranteed by the U.S. Treasury. Certain securities such as those issued by the Federal Home Loan Banks are supported by limited lines of credit maintained by their issuers with the U.S. Treasury. Securities issued by other issuers, such as the Federal Farm Credit Banks Funding Corporation, are supported solely by the credit of the issuer. There can be no assurance that the U.S. government will provide financial support to securities of its agencies and instrumentalities if it is not obligated to do so under law. Also, any government guarantees on securities the underlying funds own do not extend to shares of the underlying funds themselves.
•   Real Estate Investment Risk. An underlying fund in which the fund may invest may have a policy of concentrating its investments in real estate companies and companies related to the real estate industry. As such, an underlying fund is subject to risks associated with the direct ownership of real estate securities and the fund’s investment in such an underlying fund is subject to risks associated with the direct ownership of real estate securities and an investment in the underlying fund will be closely linked to the performance of the real estate markets. These risks include, among others, declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds or other limits to accessing the credit or capital markets; defaults by borrowers or tenants, particularly during an economic downturn; and changes in interest rates.
•   Real Estate Investment Trust (REITs) Risk. An underlying fund may invest in REITs. An underlying fund’s investments in REITs will be subject to the risks associated with the direct ownership of real estate, including fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. REITs are also subject to certain additional risks. For example, equity REITs may be affected by changes in the value of the underlying properties owned by the trusts, and mortgage REITs may be affected by the quality of any credit extended. Further, REITs may have their investments in relatively few properties, a small geographic area or a single property type. In addition, REITs have their own expenses, and the underlying fund will bear a proportionate share of those expenses.
•   Mortgage-Backed and Mortgage Pass-Through Securities Risk. Certain of the mortgage-backed securities in which an underlying fund may invest are not backed by the full faith and credit of the U.S. government and there can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities where it was not obligated to do so. Mortgage-backed securities tend to increase in value less than other debt securities when interest rates decline, but are subject to similar risk of decline in market value during periods of rising interest rates. Because of prepayment and extension risk, mortgage-backed securities react differently to changes in interest rates than other bonds. Small movements in interest rates — both increases and decreases — may quickly and significantly affect the value of certain mortgage-backed securities. Transactions in mortgage pass-through securities primarily occur through to be announced (TBA) transactions. Default by or bankruptcy of a counterparty to a TBA transaction would expose an underlying fund to possible losses because of an adverse market action, expenses, or delays in connection with the purchase or sale of the pools of mortgage pass-through securities specified in the TBA transaction.
•   Portfolio Turnover Risk. Certain of the underlying funds may buy and sell portfolio securities actively. If they do, their portfolio turnover rate and transaction costs will rise, which may lower the underlying fund’s performance and may increase the likelihood of capital gains distributions.
•   Commodity Risk. To the extent that an underlying fund invests in commodity-linked derivative instruments, it may subject the underlying fund to greater volatility than investments in traditional securities. Also, commodity-linked investments may be more volatile and less liquid than the underlying commodity. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and other regulatory and market developments. The use of leveraged commodity-linked derivatives creates an opportunity for increased return, but also creates the possibility for a greater loss.
•   Liquidity Risk. An underlying fund may be unable to sell certain securities, such as illiquid securities, readily at a favorable time or price, or an underlying fund may have to sell them at a loss.
18
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
3. Risk Factors (continued):
•   Derivatives Risk. An underlying fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. An underlying fund’s use of derivatives could reduce the underlying fund’s performance, increase volatility, and could cause the underlying fund to lose more than the initial amount invested. In addition, investments in derivatives may involve leverage, which means a small percentage of assets invested in derivatives can have a disproportionately large impact on an underlying fund.
•   Management Risk. An underlying fund may be an actively managed mutual fund. An underlying fund’s adviser applies its own investment techniques and risk analyses in making investment decisions for the fund, but there can be no guarantee that they will produce the desired results or cause the underlying fund to meet its objectives.
•   Investment Style Risk. Certain underlying funds seek to track the performance of various segments of the stock market, as measured by their respective indices. Such underlying funds follow these stocks during upturns as well as downturns. Because of their indexing strategy, these underlying funds do not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of an underlying fund’s expenses, the underlying fund’s performance is normally below that of the index.
•   Tracking Error Risk. An underlying fund may seek to track the performance of its benchmark index, although it may not be successful in doing so. The divergence between the performance of a fund and its benchmark index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
•   Concentration Risk. To the extent that an underlying fund’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector or asset class, the underlying fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more vulnerable to adverse economic, market, political, or regulatory occurrences affecting that market, industry, group of industries, sector or asset class.
•   Money Market Fund Risk. The fund may invest in underlying money market funds that either seek to maintain a stable $1 net asset value (“stable share price money market funds”) or that have a share price that fluctuates (“variable share price money market funds”). Although an underlying stable share price money market fund seeks to maintain a stable $1 net asset value, it is possible to lose money by investing in such a money market fund. Because the share price of an underlying variable share price money market fund will fluctuate, when the fund sells the shares it owns they may be worth more or less than what the fund originally paid for them. In addition, neither type of money market fund is designed to offer capital appreciation. Certain underlying money market funds may impose a fee upon the sale of shares or may temporarily suspend the ability to sell shares if such fund’s liquidity falls below required minimums.
Please refer to the fund’s prospectus for a more complete description of the principal risks of investing in the fund.
    
4. Affiliates and Affiliated Transactions:
Investment Adviser
CSIM, a wholly owned subsidiary of The Charles Schwab Corporation, serves as the fund’s investment adviser and administrator pursuant to an Investment Advisory and Administration Agreement between CSIM and the trust.
For its advisory and administrative services to the fund, CSIM is entitled to receive an annual fee, accrued daily and payable monthly, equal to 0.45% of the fund’s average daily net assets.
Expense Limitation
CSIM and its affiliates have agreed with the fund, for so long as CSIM serves as the investment adviser to the fund, which may only be amended or terminated with approval of the fund’s Board, to limit the total annual fund operating expenses charged, excluding interest, taxes and certain non-routine expenses to 0.58%.
The agreement to limit the fund’s total expenses charged is limited to the fund’s direct operating expenses and, therefore, does not apply to acquired fund fees and expenses, which are indirect expenses incurred by the fund through its investments in the underlying funds.
19
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
4. Affiliates and Affiliated Transactions (continued):
Investments in Affiliates
The fund may engage in certain transactions involving related parties. Pursuant to an exemptive order issued by the SEC, the fund may invest in other related ETFs and mutual funds. As of June 30, 2019, the Schwab VIT Growth Portfolio’s ownership percentages of other related funds’ shares are:
Schwab Emerging Markets Equity ETF 0.2%
Schwab International Equity ETF 0.2%
Schwab International Small-Cap Equity ETF 0.3%
Schwab U.S. Aggregate Bond ETF 0.3%
Schwab U.S. Large-Cap ETF 0.3%
Schwab U.S. REIT ETF 0.2%
Schwab U.S. Small-Cap ETF 0.1%
Schwab U.S. TIPS ETF 0.0%*
Schwab Variable Share Price Money Fund, Ultra Shares 0.1%
* Less than 0.05%.
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 Fund Complex (for definition refer to Trustees and Officers section). 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. The fund had no interfund borrowing or lending activity during the period.
    
5. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM 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 trust did not pay any of these interested persons for their services as trustees, but it did pay non-interested persons (independent trustees), as noted on the fund’s Statement of Operations. For information regarding the trustees, please refer to the Trustees and Officers table at the end of this report.
    
6. Borrowing from Banks:
During the period, the fund was a participant with other U.S. registered investment companies managed by CSIM in a joint, syndicated, committed $750 million line of credit (the Syndicated Credit Facility), maturing on October 3, 2019. Under the terms of the Syndicated Credit Facility, in addition to the interest charged on any borrowings by a fund, the fund 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 U.S. registered investment companies managed by CSIM in a joint, unsecured, uncommitted $500 million line of credit (the Uncommitted Credit Facility), with State Street Bank and Trust Company, maturing on November 29, 2019. Under the terms of the Uncommitted Credit Facility, the fund pays interest on the amount it borrows. There were no borrowings 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 disclosed on the fund’s Statement of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
20
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Financial Notes, unaudited (continued)
7. Purchases and Sales of Investment Securities:
For the period ended June 30, 2019, purchases and sales of securities (excluding short-term obligations) were as follows:
Purchases
of Securities 		Sales
of Securities
$3,281,571 $4,980,581
    
8. Federal Income Taxes:
As of June 30, 2019, the tax basis cost of the fund’s investments and gross unrealized appreciation and depreciation were as follows:
Tax cost $126,959,445
Gross unrealized appreciation $29,197,612
Gross unrealized depreciation (1,714,229)
Net unrealized appreciation (depreciation) $27,483,383
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of December 31, 2018, the fund had no capital loss carryforwards available to offset future net capital gains.
The tax-basis components of distributions and components of distributable earnings on a tax basis are finalized at fiscal year-end; accordingly, tax basis balances have not been determined as of June 30, 2019. The tax-basis components of distributions paid during the year ended December 31, 2018, were as follows:
Ordinary income $2,310,134
Long-term capital gains 497,786
As of December 31, 2018, 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. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended December 31, 2018, 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.
21
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Investment Advisory Agreement Approval
The Investment Company Act of 1940 (the 1940 Act) requires that the continuation of a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (the Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
The Board of Trustees (the Board or the Trustees, as appropriate) calls and holds one or more meetings each year that are dedicated, in whole or in part, to considering whether to renew the investment advisory and administration agreement (the Agreement) between Schwab Annuity Portfolios (the Trust) and Charles Schwab Investment Management, Inc. (CSIM) with respect to the existing funds in the Trust, including Schwab VIT Growth Portfolio (the Fund), and to review certain other agreements pursuant to which CSIM provides investment advisory services to certain other registered investment companies. In preparation for the meeting(s), the Board requests and reviews a wide variety of materials provided by CSIM, including information about CSIM’s affiliates, personnel, business goals and priorities, profitability, third-party oversight, corporate structure and operations. The Board also receives extensive data provided by an independent provider of investment company data. This information is in addition to the detailed information about the Fund that the Board reviews during the course of each year, including information that relates to the Fund’s operations and performance, legal and compliance matters, risk management, portfolio turnover, and sales and marketing activity. The Independent Trustees receive advice from Independent Trustees’ legal counsel, including a memorandum regarding the responsibilities of trustees for the approval of investment advisory agreements. In addition, the Independent Trustees meet in executive session outside the presence of Fund management and participate in question and answer sessions with representatives of CSIM.
The Board, including a majority of the Independent Trustees, considered information specifically relating to the continuance of the Agreement with respect to the Fund at meetings held on May 13, 2019 and June 4, 2019, and approved the renewal of the Agreement with respect to the Fund for an additional one-year term at the meeting held on June 4, 2019. The Board’s approval of the continuance of the Agreement with respect to the Fund was based on consideration and evaluation of a variety of specific factors discussed at these meetings and at prior meetings, including:
1. the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund;
2. the Fund’s investment performance and how it compared to that of certain other comparable mutual funds and benchmark data;
3. the Fund’s expenses and how those expenses compared to those of certain other similar mutual funds;
4. the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and
5. the extent to which economies of scale would be realized as the Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors.
Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund. In this regard, the Trustees evaluated, among other things, CSIM’s experience, track record, compliance program, resources dedicated to hiring and retaining skilled personnel and specialized talent, and information security resources. The Trustees also considered information provided by CSIM relating to services and support provided with respect to the Fund’s portfolio management team, portfolio strategy, and internal investment guidelines, as well as trading infrastructure, liquidity management, product design and analysis, shareholder communications, securities valuation, fund accounting and custody, and vendor and risk oversight. The Trustees also considered investments CSIM has made in its infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise in key areas (including portfolio management and trade operations), and improving business continuity, cybersecurity, due diligence, risk management processes, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders. The Trustees also considered Schwab’s wide range of products, services, and channel alternatives such as investment research tools and an array of account features that benefit the Fund and certain of its shareholders. Finally, the Trustees also considered Schwab’s reputation as a full service brokerage firm and its overall financial condition. Following such evaluation, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of services provided by CSIM to the Fund and the resources of CSIM and its affiliates dedicated to the Fund supported renewal of the Agreement with respect to the Fund.
Fund Performance. The Board considered the Fund’s performance in determining whether to renew the Agreement with respect to the Fund. Specifically, the Trustees considered the Fund’s performance relative to a peer category of other mutual funds and applicable indices/benchmarks, in light of total return and market trends, as well as in consideration of the Fund’s investment style and strategy attributes and disclosures. As part of this review, the Trustees considered the
 
22
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
composition of the peer category, selection criteria and the reputation of the independent provider of investment company data who prepared the peer category analysis. In evaluating the performance of the Fund, the Trustees considered the risk profile for the Fund and the appropriateness of the benchmark used to compare the performance of the Fund. The Trustees further considered the level of Fund performance in the context of their review of Fund expenses and adviser profitability discussed below and also noted that performance is reviewed throughout the year by a designated committee of the Board and by the Board. Following such evaluation the Board concluded, within the context of its full deliberations, that the performance of the Fund supported renewal of the Agreement with respect to the Fund.
Fund Expenses. With respect to the Fund’s expenses, the Trustees considered the rate of compensation called for by the Agreement, and the Fund’s net operating expense ratio, in each case, in comparison to those of other similar mutual funds, such peer groups and comparisons having been selected and calculated by an independent provider of investment company data. CSIM reported to the Board, and the Board took into account, the risk assumed by CSIM in the development of products and provision of services as well as the competitive marketplace for financial products. The Trustees considered the effects of CSIM’s and Schwab’s practice of waiving management and other fees to prevent total Fund expenses from exceeding a specified cap. The Trustees also considered fees charged by CSIM to other mutual funds and the unique insurance dedicated distribution arrangements of the Fund as compared to other funds managed by CSIM. The Trustees noted that shareholders of the Fund indirectly pay their pro rata share of the fees and expenses of the underlying funds in which the Fund invests. Following such evaluation, the Board concluded, within the context of its full deliberations, that the expenses of the Fund are reasonable and supported renewal of the Agreement with respect to the Fund.
Profitability. The Trustees considered the compensation flowing to CSIM and its affiliates, directly or indirectly and reviewed profitability on a pre-tax basis, without regard to distribution expenses. In this connection, the Trustees reviewed management’s profitability analyses. The Trustees also reviewed profitability of CSIM relating to the Schwab fund complex as a whole, noting the benefit to Fund shareholders of being part of the Schwab fund complex, including the allocations of certain fixed costs across other funds in the complex. The Trustees also considered any other benefits derived by CSIM from its relationship with the Fund, such as whether, by virtue of its management of the Fund, CSIM obtains investment information or other research resources that aid it in providing advisory services to other clients. Also, because the Fund invests a portion of its assets in other funds within the Schwab fund complex, the Trustees considered that CSIM indirectly benefits from the Fund’s investments in other underlying funds managed by CSIM. The Trustees considered
whether the compensation and profitability with respect to the Fund under the Agreement and other service agreements were reasonable and justified in light of the quality of all services rendered to the Fund by CSIM and its affiliates. The Trustees noted that CSIM continues to invest substantial sums in its business in order to provide enhanced research capabilities, services, and systems to benefit the Fund. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the profitability of CSIM is reasonable and supported renewal of the Agreement with respect to the Fund.
Economies of Scale. Although the Trustees recognized the difficulty of determining economies of scale with precision, the Trustees considered the potential existence of any economies of scale and whether those are passed along to the Fund’s shareholders through (i) the enhancement of services provided to the Fund in return for fees paid, including through investments by CSIM in CSIM’s infrastructure, including modernizing CSIM’s technology and use of data, increasing expertise and capabilities in key areas (including portfolio and trade operations), and improving business continuity, cybersecurity, due diligence, and information security programs, which are designed to provide enhanced services to the Fund and its shareholders; (ii) graduated investment advisory fee schedules, fee waivers, or expense caps by CSIM and its affiliates for those funds with such features; and (iii) pricing a fund to scale and keeping overall expenses down as the fund grows. The Trustees acknowledged that CSIM has shared any economies of scale with the Fund by investing in CSIM’s infrastructure, as discussed above, over time and that CSIM’s internal costs of providing investment management, technology, administrative, legal and compliance services to the Fund continues to increase as a result of regulatory or other developments. The Trustees considered that CSIM and its affiliates may employ contractual expense caps to protect shareholders from high fees when fund assets are relatively small, for example, in the case of newer funds or funds with investment strategies that are from time to time out of favor, because, among other reasons, shareholders may benefit from the continued availability of such funds at subsidized expense levels. Based on this evaluation, the Board concluded, within the context of its full deliberations, that the Fund obtains reasonable benefits from economies of scale.
In the course of their deliberations, the Trustees may have accorded different weights to various factors and did not identify any particular information or factor that was all important or controlling. Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, approved the continuation of the Agreement with respect to the Fund and concluded that the compensation under the Agreement with respect to the Fund is fair and reasonable in light of such services and expenses and such other matters as the Trustees have considered to be relevant in the exercise of their reasonable judgment.
 
23
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Trustees and Officers
The tables below give information about the trustees and officers of Schwab Annuity Portfolios, which includes the fund covered in this report. The “Fund Complex” includes The Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust. The Fund Complex includes 98 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the fund’s Statement of Additional Information, which is available free by calling 1-877-824-5615.
Independent Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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 (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. 98 None
John F. Cogan
1947
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. 98 Director (2005 – present), Gilead Sciences, Inc.
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) 		President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). 98 None
Stephen Timothy Kochis
1946
Trustee
(Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) 		CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). 98 None
24
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Independent Trustees (continued)
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
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. 98 Director (2003 – present), Symantec Corporation
Director (2004 – present), Corcept Therapeutics Incorporated
Director (2009 – present), Adamas Pharmaceuticals, Inc.
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) 		Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). 98 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. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). 98 Director (2008 – present), KLA-Tencor Corporation
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). 98 None
Gerald B. Smith
1950
Trustee
(Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) 		Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). 98 Director (2012 – present), Eaton
    
25
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Interested Trustees
Name, Year of Birth, and
Position(s) with the trust
(Terms of office, and
length of Time Served1) 		Principal Occupations
During the Past Five Years 		Number of
Portfolios in
Fund Complex
Overseen by
the Trustee 		Other Directorships
Walter W. Bettinger II2
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) 		Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. 98 Director (2008 – present), The Charles Schwab Corporation
Jonathan de St. Paer2
1973
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) 		Director and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. 98 None
Joseph R. Martinetto2
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) 		Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. 98 None
    
Officers of the Trust
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
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 and Chief Executive Officer (Apr. 2019 – present) and President (Oct. 2018 – present), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc.
26
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Officers of the Trust (continued)
Name, Year of Birth, and Position(s) with the trust
(Terms of office, and length of Time Served3) 		Principal Occupations During the Past Five Years
Mark Fischer
1970
Treasurer and Chief Financial 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 and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management.
George Pereira
1964
Senior Vice President and Chief Operating Officer
(Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) 		Senior Vice President and Chief Financial Officer (Nov. 2004 – present) and Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Treasurer and Chief Financial Officer (June 2006 – Dec. 2015), Laudus Funds; Treasurer and Principal Financial Officer (Nov. 2004 – Dec. 2015), Schwab Funds; Treasurer and Principal Financial Officer (Oct. 2009 – Dec. 2015), Schwab ETFs; Director (Apr. 2005 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited.
Omar Aguilar
1970
Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies
(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 – Equities and Multi-Asset Strategies (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management.
Brett Wander
1961
Senior Vice President and Chief Investment Officer – Fixed Income
(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 – Fixed Income (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm).
David Lekich
1964
Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs
Vice President and Assistant Clerk, Laudus Funds
(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 (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs.
Catherine MacGregor
1964
Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs
Chief Legal Officer, Vice President and Clerk, Laudus Funds
(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) 		Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs.
1 Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first.
2 Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co.
3 The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board.
27
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
Glossary
Bloomberg Barclays US Aggregate Bond Index   An index that is a broad-based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States. To be eligible for inclusion in the index, securities must be fixed rate, non-convertible, U.S. dollar denominated with at least $300 million or more of outstanding face value and have one or more years remaining to maturity. The index excludes certain types of securities, including tax-exempt state and local government series bonds, structured notes embedded with swaps or other special features, private placements, floating rate securities, inflation-linked bonds and Eurobonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Bloomberg Barclays US Treasury 3–10 Year Index  An index which includes all publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to three years and less than ten years, are rated investment grade, and have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index excludes state and local government series bonds and coupon issues that have been stripped from bonds. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Bloomberg Barclays US Treasury Bills 1–3 Month Index  An index that includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months but more than 1 month, are rated investment grade and have $300 million or more of outstanding face value. It excludes zero-coupon STRIPS.
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)   An index which includes all publicly-issued U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one year remaining to maturity, are rated investment grade and have $500 million or more of outstanding face value. The TIPS in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index is market capitalization weighted and the TIPS in the index are updated on the last business day of each month. TIPS are publicly issued, dollar denominated U.S. Government securities issued by the U.S. Treasury that have principal and interest payments linked to an official inflation measure (as measured by the Consumer Price Index, or CPI) and their payments are supported by the full faith and credit of the United States.
Dow Jones U.S. Large-Cap Total Stock Market Index   An index that is a subset of the Dow Jones U.S. Total Stock Market Index, and is designed to measure the performance of large-cap U.S. equity securities. The index is a float-adjusted market capitalization weighted index.
Dow Jones U.S. Select REIT Index   An index that is a float-adjusted market-capitalization weighted index comprising of income-producing commercial and/or residential real estate investment trusts (REITs). The index excludes mortgage REITs, net-lease REITs, real estate finance companies, mortgage brokers and bankers, commercial and residential real estate brokers and estate agents, homebuilders, large landowners and sub dividers of unimproved land, hybrid REITs, timber REITs and companies that have more than 25% of their assets in direct mortgage investments.
Dow Jones U.S. Small-Cap Total Stock Market Index An index that is a subset of the Dow Jones U.S. Total Stock Market Index, and is designed to measure the performance of small-cap U.S. equity securities. The index is a float-adjusted market capitalization weighted index.
Dow Jones U.S. Total Stock Market Index   An index which includes all publicly traded stocks of companies headquartered in the United States for which pricing information is readily available. The index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace.
FTSE Developed ex US Index (Net)   An index that is comprised of large- and mid-capitalization companies in developed countries outside the United States, as defined by the index provider. The index defines the large- and mid-capitalization universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Developed Small Cap ex US Liquid Index (Net)  An index comprised of small-capitalization companies in developed countries outside the United States, as defined by the index provider. The index defines the small-capitalization universe as approximately the bottom 10% of the eligible universe with a minimum free float capitalization of $150 million. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Emerging Index (Net)   An index that is comprised of large- and mid-capitalization companies in emerging market countries, as defined by the index provider. The index defines the large- and mid-capitalization universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE non-US Dollar World Government Bond Index  A market capitalization index that measures the total rate of return performance for the government bonds of 22 countries, excluding the U.S., with a remaining maturity of at least 1 year.
MSCI EAFE Index (Net)  A free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets in Europe, Australasia, and the Far East. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes; returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
MSCI Emerging Markets Index (Net)  A free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global emerging markets. This series approximates the minimum possible dividend reinvestment. The returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
Russell 2000 Index  An index that measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.
S&P 500 Index  An index that is designed to measure the performance of 500 leading publicly traded companies from a broad range of industries.
 
28
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Schwab VIT Growth Portfolio
VIT Growth Composite Index  A custom blended index developed by CSIM based on a comparable portfolio asset allocation and calculated using the following portion allocations effective June 8, 2016: 12% Bloomberg Barclays US Aggregate Bond Index, 5% Bloomberg Barclays US Treasury Bills 1–3 Month Index, 1% Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L), 4% Bloomberg Commodity Index, 6% Dow Jones U.S. Select REIT Index, 29% Dow Jones U.S. Large-Cap Total Stock Market Index, 7% Dow Jones U.S. Small-Cap Total Stock Market Index, 8% FTSE All Emerging Index (Net), 21% FTSE Developed ex US Index (Net), 5% FTSE Developed Small Cap ex US Liquid Index (Net), and 2% Russell Microcap Index.
Prior to June 8, 2016, the composite index was derived using the following allocations: 29% Dow Jones U.S. Large-Cap Total Stock Market Index, 7% Dow Jones U.S. Small-Cap Total Stock Market Index, 2% Russell Microcap Index, 21% FTSE Developed ex US Index (Net), 5% FTSE Developed Small Cap ex US Liquid Index (Net), 8% FTSE Emerging Index (Net), 6% Dow Jones U.S. Select REIT Index, 4% Dow Jones UBS Commodity Index, 1% Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L), 5% Bloomberg Barclays US Treasury 3–10 Year Index, 2% Bloomberg Barclays US Credit Index, 5% Bloomberg Barclays US Mortgage Backed Securities Index, and 5% Bloomberg Barclays US Treasury Bills 1–3 Month Index.
 
29
Schwab VIT Growth Portfolio  |  Semiannual Report

 

Notes

Item 2: Code of Ethics.

Not applicable to this semi-annual report.

Item 3: Audit Committee Financial Expert.

Not applicable to this semi-annual report.

Item 4: Principal Accountant Fees and Services.

Not applicable to this semi-annual report.

Item 5: Audit Committee of Listed Registrants.

Not applicable.

Item 6: Schedule of Investments.

The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.

Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8: Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10: Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 11: 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 Chief Executive Officer, Jonathan de St. Paer and Registrant’s Chief Financial Officer, Mark Fischer, 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 12: Exhibits.

 

(a)    (1)

Code of ethics – not applicable to this semi-annual report.

 

  (2)

Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached.

 

  (3)

Not applicable.

 

(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-CSRS with the Commission.

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) Schwab Annuity Portfolios

 

By:  

/s/ Jonathan de St. Paer

 

Jonathan de St. Paer

Chief Executive Officer

Date:   August 15, 2019

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/ Jonathan de St. Paer

 

Jonathan de St. Paer

Chief Executive Officer

Date:   August 15, 2019
By:  

/s/ Mark Fischer

 

Mark Fischer

Chief Financial Officer

Date:   August 15, 2019
 EX-99.CERT 2 d710493dex99cert.htm EX-99.CERT EX-99.CERT

CERTIFICATIONS

I, Jonathan de St. Paer, certify that:

1. I have reviewed this report on Form N-CSRS of Schwab Annuity Portfolios;

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(s) 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 disclosure controls 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(s) 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: August 15, 2019                        

/s/ Jonathan de St. Paer

     

Jonathan de St. Paer

Chief Executive Officer

CERTIFICATIONS

I, Mark Fischer, certify that:

1. I have reviewed this report on Form N-CSRS of Schwab Annuity Portfolios;

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(s) 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 disclosure controls 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(s) 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: August 15, 2019                        

/s/ Mark Fischer

     

Mark Fischer

Chief Financial Officer

 

 EX-99.906CERT 3 d710493dex99906cert.htm EX-99.906CERT EX-99.906CERT

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 Semiannual Report for Schwab Annuity Portfolios (the “Funds”) on Form N-CSRS for the period ended June 30, 2019 (“periodic report”), each of the undersigned, being the Chief Executive Officer and Chief 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 Funds for the period presented therein.

 

/s/ Jonathan de St. Paer

     Date: August 15, 2019
Jonathan de St. Paer    
Chief Executive Officer    

/s/ Mark Fischer

     Date: August 15, 2019
Mark Fischer    
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-CSRS with the Commission.

GRAPHIC 4 g149745img12cc4d7e5.jpg GRAPHIC begin 644 g149745img12cc4d7e5.jpg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end GRAPHIC 5 g149745img4aa2c76b4.jpg GRAPHIC begin 644 g149745img4aa2c76b4.jpg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g149745img4c10605e2.jpg GRAPHIC begin 644 g149745img4c10605e2.jpg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g149745img94cc22963.jpg GRAPHIC begin 644 g149745img94cc22963.jpg M_]C_X 02D9)1@ ! 0$ 9 !D #_X@H@24-#7U!23T9)3$4 0$ H0 M (0 !M;G1R4D="(%A96B !A8W-P05!03 M ]M4 0 #3+ M ID97-C _ M 'QC<')T !> "AW='!T !H !1B:W!T !M !1R6%E: ! MR !1G6%E: !W !1B6%E: !\ !1R5%)# "! " QG5%)# M "! " QB5%)# "! " QD97-C ")!"!3;V9T=V%R92 R M,#$Q %A96B #S40 ! 1;,6%E:( !8 M65H@ ;Z( #CU #D%A96B !BF0 MX4 !C:6%E:( M "2@ /A ML]C=7)V ! % H #P 4 !D '@ C "@ M+0 R #< .P! $4 2@!/ %0 60!> &, : !M '( =P!\ ($ A@"+ ) E0": M )\ I "I *X L@"W +P P0#& ,L T #5 -L X #E .L \ #V /L! 0$' 0T! M$P$9 1\!)0$K 3(!. $^ 44!3 %2 5D!8 %G 6X!=0%\ 8,!BP&2 9H!H0&I M ;$!N0'! $!Z0'R ?H" P(, A0"'0(F B\". )! DL"5 )= F<" M<0)Z H0"C@*8 J("K *V L$"RP+5 N "ZP+U P #"P,6 R$#+0,X T,#3P-: M V8#<@-^ XH#E@.B ZX#N@/' ],#X /L _D$!@03!" $+00[!$@$501C!'$$ M?@2,!)H$J 2V!,0$TP3A!/ $_@4-!1P%*P4Z!4D%6 5G!7<%A@66!:8%M07% M!=4%Y07V!@8&%@8G!C<&2 99!FH&>P:,!IT&KP; !M$&XP;U!P<'&09!ZP'OP?2!^4'^ @+"!\(,@A&"%H(;@B"")8(J@B^"-((YPC[ M"1 ))0DZ"4\)9 EY"8\)I FZ"<\)Y0G["A$*)PH]"E0*:@J!"I@*K@K%"MP* M\PL+"R(+.0M1"VD+@ N8"[ +R OA"_D,$@PJ#$,,7 QU#(X,IPS #-D,\PT- M#28-0 U:#70-C@VI#<,-W@WX#A,.+@Y)#F0.?PZ;#K8.T@[N#PD/)0]!#UX/ M>@^6#[,/SP_L$ D0)A!#$&$0?A";$+D0UQ#U$1,1,1%/$6T1C!&J$)%ZX7TA?W M&!L80!AE&(H8KQC5&/H9(!E%&6L9D1FW&=T:!!HJ&E$:=QJ>&L4:[!L4&SL; M8QN*&[(;VAP"'"H<4AQ['*,0!YJ'I0>OA[I M'Q,?/A]I'Y0?OQ_J(!4@02!L()@@Q"#P(1PA2"%U(:$ASB'[(B--@U M$S5--8Y",$)R0K5"]T,Z0WU#P$0#1$=$BD3.11)%546: M1=Y&(D9G1JM&\$25^!8+UA]6,M9 M&EEI6;A:!UI66J9:]5M%6Y5;Y5PU7(9O5\/7V%?LV % M8%=@JF#\84]AHF'U8DEBG&+P8T-CEV/K9$!DE&3I93UEDF7G9CUFDF;H9SUG MDV?I:#]HEFCL:4-IFFGQ:DAJGVKW:T]KIVO_;%=LKVT(;6!MN6X2;FMNQ&\> M;WAOT7 K<(9PX'$Z<95Q\')+%V/G:;=OAW M5G>S>!%X;GC,>2IYB7GG>D9ZI7L$>V-[PGPA?(%\X7U!?:%^ 7YB?L)_(W^$ M?^6 1X"H@0J!:X'-@C""DH+T@U>#NH0=A("$XX5'A:N&#H9RAM>'.X>?B 2( M:8C.B3.)F8G^BF2*RHLPBY:+_(QCC,J-,8V8C?^.9H[.CS:/GI &D&Z0UI$_ MD:B2$9)ZDN.339.VE""4BI3TE5^5R98TEI^7"I=UE^"83)BXF229D)G\FFB: MU9M"FZ^<')R)G/>=9)W2GD">KI\=GXN?^J!IH-BA1Z&VHB:BEJ,&HW:CYJ16 MI,>E.*6IIAJFBZ;]IVZGX*A2J,2I-ZFIJARJCZL"JW6KZ:QK_UP'# [,%GP>/"7\+;PUC# MU,11Q,[%2\7(QD;&P\=!Q[_(/%$XIZ#+HO.E&Z=#J6^KEZW#K^^R&[1'MG.XH[K3O0._,\%CPY?%R\?_R MC/,9\Z?T-/3"]5#UWO9M]OOWBO@9^*CY./G'^E?ZY_MW_ ?\F/TI_;K^2_[< M_VW____; $, " 8&!P8%" <'!PD)" H,% T,"PL,&1(3#Q0=&A\>'1H<'" D M+B<@(BPC'!PH-RDL,#$T-#0?)SD].#(\+C,T,O_; $,!"0D)# L,& T-&#(A M'"$R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R M,C(R,C(R,O_ !$( &P ; ,!(@ "$0$#$0'_Q ? !!0$! 0$! 0 M 0(#! 4&!P@)"@O_Q "U$ " 0,# @0#!04$! 7T! @, !!$%$B$Q M008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-CH.$A8:'B(F*DI.4 ME9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+C MY.7FY^CIZO'R\_3U]O?X^?K_Q ? 0 # 0$! 0$! 0$! 0(#! 4& M!P@)"@O_Q "U$0 " 0($! ,$!P4$! ! G< 0(#$00%(3$&$D%1!V%Q$R(R M@0@40I&AL<$)(S-2\!5B7J"@X2%AH>(B8J2DY25EI>8F9JB MHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(RKR M\_3U]O?X^?K_V@ , P$ A$#$0 _ /:J2BBF(0BF,@/3@U)7)>,_$QTB);.U M(-U(N2?[BT)7!NQNS:M9V;%9[J)2O4%AFL:[\QPN*6V^)%LS@3V,J*?X@ MX./Y5Y47;/4U9@F!P&8D4^1"]HSW73]6L=7B\RTG5\=5Z$?45/);@\BO%[*X M:SG6XM+F6&9>017I_AOQ(NL0>5/L6Z0<[3\K^X_PK.4;&D97-9&>(X/2K22@ MBD*@U$\9'(J2BT#FEJBL[(<-5A9U(SF@ HHHH BN+B.UMI)Y3B.-2S'V%>'Z MY>R7^I3W$ARTCEC[>@_#I7IGCB^:'34M(VP9CES_ +(KRK4<0D+_ !N-Q]A6 ME-&=1E92,%6/-.C1B#\I/IBET^T:[G"_P]S7H6E:%!&@W(":N3L9QC<\X>)E M.64_E4D21N0">:]:_P"$(?E6/J?P^A=&DLV*..<4N=%.FSD+>U<+N0 M[T]#0LDUM.)[65XIT.0>A_&KD*3:;=_9KP%'!P),=?J.]6;ZR2ZBW1D+<*,J M1T<47"QV?A3Q2=9@:&Y 2\B'S@=&'J*ZI7#"O%_#NHK8ZW!+(2ASL?/I[UZZ MIX#*>#R*SDK,TB[HM/$K#I4#6Y!X/%/2;LU3!@1UJ2A**<13: ///&UTMUK] MKIL9^; #^V>?Y5Y]JS[]3G(/ <@?05W>K0(/'EQ<$[MB[L?W<)_]:O/;H[KJ M0^K&MH&$SH_#,2L"6''K7?6?W0H(XKA_#ZXMAU&1G(JW<:C86\K)$ESYZ485U&=U>*/YU<>S(EW1DW2_:0TZC;/'_K%]1ZUZ M9X/U(ZAH,8DYE@/EL?IT/Y5YC;W 8+(?OC@MU!'O7?\ P]C=;6^!'[KS!L/X M?_JISV%#N5Y=L]R M:O:C<-+M7/ XJE"VV;!Z'BMTK'/)W9U_A'P1&$*R$''?I7C" EP.YKU+P_<_P!EV]G\^$8A91VY MK6IL94]SNJ3%+16)L>;V[R(")%P:S/%#L+&$C[OF?TKO;O28WR4&*Y_5]'-S M82P,/FQE3Z$5:>I#6AYU<$,5)/)%)Y(;:$_.B:W>*39(""IP<]C2EFA8' (_ MG6QB3Z1<>7?MOX#FN]L(D=@!)L++\I[9KS$$ALYYKJ='U42P^3*Q64=#GK4S M14'T.HNI;JWEVM;"5>@96_QJ[ITEW*N(H;>, Y)9NE0:7=I>Q^3,P+CC/K6U M:VD6MQ+_M"N]D MMHA(JL^?-4':IY&./Z5@:)9HX>W91Y\^"C'^''(Q]:ZS28H;74T>\A'G8V8; M^'Z54F*".OL+J.[M5>-MV!@_6K54-+M!:Q2L%*>;(7V9SM'85?K(U*N\ <]* MY;5=9:20PV<*L >9'&1^ K+O_'OFQO%!9[588W,_./H*Y>[UFZN<@/Y:'^&/ M@?\ U_QJU!F;FAFM72/='8-^?OGL3[5ENA'/S 'L:MC4+V/[EPWXX/\ .H6N M9[DXE=FY_"M49/4J%?FK2L;1I'!4'&,Y':J_D.>B''J1@5N>'KBWCN?L\C#< MWW2>A]J&] 2U+5LMU;.I4G/8^M=/9WU_)& 44GP2QK(."/XEJY M$L,4?56/L!6+9NE8Y#Q]=2FUMH&DW MDXZ5R%HH8\]!DFNB\<2B6Z101^[ X M^M?:['R).#QT-=UHSPR72R1SH)H^"=N-P/K42+B=5'D*#NWKZGK4M0VY/ MS K@ \<\5-69H?/8;/>G5$*D%=!S#L9%1.ISD'%2BFL,\4 1@NP^8\=J .:5 M>5%%,!\-]?6BLD%U-&IZA7(!H2]NX7$D=Q*K@YR'-(.11B@!;V]FU"Y:>7[S M=?K596,;Y%3$"HW'&:!&K:AKD?N@&8CYDSS]15J'4GMV\J=#E>A)P?SK%@9E M;*D@CN*O3:E/)&$E$)QG*_C2&5XV(5B!G-)P3*4VC_V0$! end GRAPHIC 8 g149745imgd9db0a631.jpg GRAPHIC begin 644 g149745imgd9db0a631.jpg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end GRAPHIC 9 g149745imge9b4d4a16.jpg GRAPHIC begin 644 g149745imge9b4d4a16.jpg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end GRAPHIC 10 g149745lg7d_2m44.jpg GRAPHIC begin 644 g149745lg7d_2m44.jpg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g154132img2df69d235.jpg GRAPHIC begin 644 g154132img2df69d235.jpg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g154132img3149c9f82.jpg GRAPHIC begin 644 g154132img3149c9f82.jpg M_]C_X 02D9)1@ ! 0$ 9 !D #_X@H@24-#7U!23T9)3$4 0$ H0 M (0 !M;G1R4D="(%A96B !A8W-P05!03 M ]M4 0 #3+ M ID97-C _ M 'QC<')T !> "AW='!T !H !1B:W!T !M !1R6%E: ! MR !1G6%E: !W !1B6%E: !\ !1R5%)# "! " QG5%)# M "! " QB5%)# "! " QD97-C ")!"!3;V9T=V%R92 R M,#$Q %A96B #S40 ! 1;,6%E:( !8 M65H@ ;Z( #CU #D%A96B !BF0 MX4 !C:6%E:( M "2@ /A ML]C=7)V ! % H #P 4 !D '@ C "@ M+0 R #< .P! $4 2@!/ %0 60!> &, : !M '( =P!\ ($ A@"+ ) E0": M )\ I "I *X L@"W +P P0#& ,L T #5 -L X #E .L \ #V /L! 0$' 0T! M$P$9 1\!)0$K 3(!. $^ 44!3 %2 5D!8 %G 6X!=0%\ 8,!BP&2 9H!H0&I M ;$!N0'! $!Z0'R ?H" P(, A0"'0(F B\". )! DL"5 )= F<" M<0)Z H0"C@*8 J("K *V L$"RP+5 N "ZP+U P #"P,6 R$#+0,X T,#3P-: M V8#<@-^ XH#E@.B ZX#N@/' ],#X /L _D$!@03!" $+00[!$@$501C!'$$ M?@2,!)H$J 2V!,0$TP3A!/ $_@4-!1P%*P4Z!4D%6 5G!7<%A@66!:8%M07% M!=4%Y07V!@8&%@8G!C<&2 99!FH&>P:,!IT&KP; !M$&XP;U!P<'&09!ZP'OP?2!^4'^ @+"!\(,@A&"%H(;@B"")8(J@B^"-((YPC[ M"1 ))0DZ"4\)9 EY"8\)I FZ"<\)Y0G["A$*)PH]"E0*:@J!"I@*K@K%"MP* M\PL+"R(+.0M1"VD+@ N8"[ +R OA"_D,$@PJ#$,,7 QU#(X,IPS #-D,\PT- M#28-0 U:#70-C@VI#<,-W@WX#A,.+@Y)#F0.?PZ;#K8.T@[N#PD/)0]!#UX/ M>@^6#[,/SP_L$ D0)A!#$&$0?A";$+D0UQ#U$1,1,1%/$6T1C!&J$)%ZX7TA?W M&!L80!AE&(H8KQC5&/H9(!E%&6L9D1FW&=T:!!HJ&E$:=QJ>&L4:[!L4&SL; M8QN*&[(;VAP"'"H<4AQ['*,0!YJ'I0>OA[I M'Q,?/A]I'Y0?OQ_J(!4@02!L()@@Q"#P(1PA2"%U(:$ASB'[(B--@U M$S5--8Y",$)R0K5"]T,Z0WU#P$0#1$=$BD3.11)%546: M1=Y&(D9G1JM&\$25^!8+UA]6,M9 M&EEI6;A:!UI66J9:]5M%6Y5;Y5PU7(9O5\/7V%?LV % M8%=@JF#\84]AHF'U8DEBG&+P8T-CEV/K9$!DE&3I93UEDF7G9CUFDF;H9SUG MDV?I:#]HEFCL:4-IFFGQ:DAJGVKW:T]KIVO_;%=LKVT(;6!MN6X2;FMNQ&\> M;WAOT7 K<(9PX'$Z<95Q\')+%V/G:;=OAW M5G>S>!%X;GC,>2IYB7GG>D9ZI7L$>V-[PGPA?(%\X7U!?:%^ 7YB?L)_(W^$ M?^6 1X"H@0J!:X'-@C""DH+T@U>#NH0=A("$XX5'A:N&#H9RAM>'.X>?B 2( M:8C.B3.)F8G^BF2*RHLPBY:+_(QCC,J-,8V8C?^.9H[.CS:/GI &D&Z0UI$_ MD:B2$9)ZDN.339.VE""4BI3TE5^5R98TEI^7"I=UE^"83)BXF229D)G\FFB: MU9M"FZ^<')R)G/>=9)W2GD">KI\=GXN?^J!IH-BA1Z&VHB:BEJ,&HW:CYJ16 MI,>E.*6IIAJFBZ;]IVZGX*A2J,2I-ZFIJARJCZL"JW6KZ:QK_UP'# [,%GP>/"7\+;PUC# MU,11Q,[%2\7(QD;&P\=!Q[_(/%$XIZ#+HO.E&Z=#J6^KEZW#K^^R&[1'MG.XH[K3O0._,\%CPY?%R\?_R MC/,9\Z?T-/3"]5#UWO9M]OOWBO@9^*CY./G'^E?ZY_MW_ ?\F/TI_;K^2_[< M_VW____; $, " 8&!P8%" <'!PD)" H,% T,"PL,&1(3#Q0=&A\>'1H<'" D M+B<@(BPC'!PH-RDL,#$T-#0?)SD].#(\+C,T,O_; $,!"0D)# L,& T-&#(A M'"$R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R M,C(R,C(R,O_ !$( 0("U ,!(@ "$0$#$0'_Q ? !!0$! 0$! 0 M 0(#! 4&!P@)"@O_Q "U$ " 0,# @0#!04$! 7T! @, !!$%$B$Q M008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-CH.$A8:'B(F*DI.4 ME9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+C MY.7FY^CIZO'R\_3U]O?X^?K_Q ? 0 # 0$! 0$! 0$! 0(#! 4& M!P@)"@O_Q "U$0 " 0($! ,$!P4$! ! G< 0(#$00%(3$&$D%1!V%Q$R(R M@0@40I&AL<$)(S-2\!5B7J"@X2%AH>(B8J2DY25EI>8F9JB MHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(RKR M\_3U]O?X^?K_V@ , P$ A$#$0 _ /<(M2DEO#;'3KI&559F8Q84,2 >'/\ M=/2I+?48;FQ%S$0W[H2F,,NY01D \X!^II8X9%U6XF*_NW@B13GJ0TA/_H0_ M.LC^R)TTF""*V59%TN6W8 J/WC!,#/?D-STIZ"U-[SHO.\GS$\W&=FX;L>N* M;-!QQCG\N:KZB'DOKX M+&[0^3&LSJBL5 +'Y26&#@YX!['KQ18+FX;B%20TL8(!)!8# '7^8_.C[1"( MA*9H_+/(?<,'\?PK)EM)"M]]H\#'OM8\>IIXM)TT/3X6B+ MO L/FP@CYMH&1GIP>?PH"YHFZMQ$LIGB$;'"N7&"?8TKSQ1NJ/*BNV %+ $Y MK*\EUO#=G3',>*+!-OYUC:K:>5Y M[+;*T#M9J(UP Y$_(Q]"O7CH*62"Z:X:XCM98XWF5MBA#(N$(W@$[,=.&7T_2H%T^;RX&-M>!H(PF T(VX96^4 ?-@CO[]S18+G0^ M;&8O-$B^7C=OSQCUSZ52BUFRF,)29-DJ,X(*2[ M':5 )!).6 XR>^*H:?IKI+9&>S51!!-&Q;:06+)@C!/4 ^_KB@-38>:*-D5Y M45G.%#, 6^GK2R2QQ+ND=47U8X'K7.+I=TMHL$L=PQDLXH3Y1BPA5<%26!(P M>>X@CC61YHU1ONL6 !^AIEU M?6UG#++-,BB)"[#<,X R>/Q'YBL86%REQYYAG$4GF!88A$3%N8<$-D?-U..E M/CTAX](U.$09FFB"1EV5F;$"( 6X_B!]/6BP79JV][%.L?SHLD@)6/S%8D9/ M/!.>E2_:(06!FC^7[WS#CG'/X\5D264H:6!+7+27*3+<#:%505/KG( ( QS^ M)IW]F$Z:\)MT+R7WG.#CYE^T;\GU^7G'X4!( MVLH,FGR088QJH? PHVG..N"2>M%@N="MQ"R.ZRQE$)#,&&%QUSZ4ANK=8EE, M\0C8X5RXP?H:S+JPD%Y))#;*T 6WS&NT;]C.2,>V5//IBHI;69KS[4MG/'&Z MLICC\HMD[J6UK%"^])//;9$% M=0&."3R3CL:AELY%TFS@5&D\CRM\3,"7"XX)X!/?MDBH([&6:\CN&M?+B-WY MOEOMRJ^25+$ ]2V./Q^@!L[EW%AJCJ- MG--*I@'$R^1.0<8C)SN^H^8#_?JK;6UVE_ S6TB)'-+NV^6$56W8(_B.>"<] M^WH6"YKI?I18 M+FO)/#$K-)*B*IPQ9@ #[T]G54+LP"@9+$\ 5AM!=2237#6ES'NNO,CV-&7 M\I4R5.1@D,/459DAN1HD$0MU\U/+W1QA?E 8?=!.,@#IG&1WHL%R^;F!81,T MT8B/1RPVG\:<9HED2-I4#O\ =4L,M]!WK#6UNE0LUO= BX:1&5HBP!3&2OW3 MDYST//U-(+2\7R<6A639$"H"&'Y3GD$Y4C_9)'IFBP7-B>^M;9)FEGC'DKN< M;AD#Z5)#/%<0K+$ZNC#(93D5@?V7<21&"2.=G0RL'8QB-BRL,\#< M'R&>SN0$B56V&%2C*RD;1W P<9SW_$L%SH3Y&[C&,=Q]3@L%S:6:)Y'C21&=/O*&!*_4=J?6/8V]Q%?@^1(D2^ M9DR[#MW-GY&')!//(K8I#04444 %%9.LK P!8Q^>H!4/G=C//E_[? _2J"QP MS)$Z/%OCA=[Q67<&<$##@=P2Y'TIV%9N!W@1N>1V!*@CZ=J=)K,<=C'=>2Y#V;W>T'G"A3M^OS?I3L* MYIU#+9VT\@DEMX9' P&= 2/QJC=:G):M 9+:3?(#B%74YS)&@R?7YQWQUZ\4 M\:FY)A^S8N?.\G87^7.P/G=CIM([9SVHL%S1I"JL5)4$J<@D=#T_J:SFOYWT M2>\CA43(KX3?P"I(/..<8/UJ+[=?&YL5%L"\MO*[QB0;<@QX.<>YX]_QHL%S M7HK&E\16R0B8!?+$*SN'D56"L,X [G'./UJ_>W;6IMU2!II)Y/+50P&#M9LD MGM\M%@N6J*R[?6X;BZBA41XF=DC*R@ME03RO8$*<'^6:;'K:_98+F>V>*.XB M\R+Y@S-P#M([$YX_I18+HU657&&4,,@X(SR.12UER:M+%<1VKV3?:9& 1%D! M4@J[9S[;"#QZ8S4EG=W0#TQWZT6"YH45G2:H8YKG-LW MD6TBQR2[AW56R!W W#/Z9JM+XCMXDDD"JZ!9"@24%V**S'*]@0IP?ITS18+H MVJ*SY=0-NZ-<1R1DPR/Y:LK9PR #_>.X8YQR>O!IIU25;E;1K3%VP#*@D!4J MM%@N:5(55BI*@E3D$CH>G]35/2IY;FR,DP(?SIE(.. )& '' MH *J7MS(NJR0FZO(8U@C=1;6_F9)9P<_(V/NCT[T6"YL45FOJ#PS-"DYR?H*1]7"6R2F%5)+JPDE50"C;2 >Y)!Q^N*+![?<3&)5\O(Z*8D;^;'\ZC&K@ RS0-%;><\/FE@>58KDCT.WK^G>E8+F ME16*/$,1"XA#O(%:-(Y59L,ZI\W]TY=?;KSQ23:A>1ZL(WA(18H]L:2CYGI(8$#CO MG%$^L>7YCQ6SR116RW+ON PC;N@[G"DX_6BP7-2BJ+:B1)(RP%K:)]DDH8<' MN<=P.Y^O'%1V.KQWMPL("!GB,J!90YV@@$,!T/S#CGZTK!W*7E[)- MO2WAN(X$V,I^\8^HVY_B/?H<#GFI#K#K&TSVP6+[*UTF),LRC'!&.#R._?OS M3L%S6HJC=ZD+625!"\C((%)/-EV.&?'8G'3]?:BP7-"BL>TU251_I<16)KB>-9BPXV,YY'IM0 MC/MT[U-8ZO'>W"P@(&>(RH%E#G:" 0P'0_,..?K18+FE1112&%%%% !1110 M8!QD=.E& ,X'7K110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 4(]+6.>!Q<3&."1I(X?EVJ2&&.F2,,<#-1+H<0B\I[FX> M,6SVJ*2H"1MMST')^4L8_6J6HZ M:9)5=$DE1YS-*J["<^6$& _RXX^M:H=#(8PR[P 2N>0#G!_0_E3J+A8I6EM( MVFFVN1A2&C PH(3H,[>,X].*DALEB>!S+)(\,31!GQR&*GG '/RBITD252R, M& )7(]0<$?F#3J0S/CTE8$2."ZGB01+$P7;EPHP#G'!QW&*MRVZ3202,6!A< MNN.YVLO/X,:EII=!((RR[R"0N>2!C)_4?G0!6@L3;R#;2I+)#QM7.>.!D MCG@9_I5*RT7&FVL%Y-+(8K=8PA*XC.T D$#)(QP3FMBF/-&@RSJ,,%Y/.U6*\FN%D?]Z!N3C;D M#&>F!2&9HTQY+N]:6:18)IU?RAM*N B#GC(Y4@ MC-2-I*O#+;FZG%LZNHB&T!0P(.#C.!G@'I6A13N*Q6NK"&[<-+NXB>/ /9BI MS]05&*KG2MTPN6O)S= ++A>%Y^7&,8^;G\/05?:1$9%9@"YVJ#W."?Y^,C&[R_+QTZ8_6H3I*!U> M*XFC8>;DKMR1(VXCD<<],5H447"Q4L;!+!'6.61P^TG?CLH7L!V455M=).QA M=2R/']HEE$!VE?F=B.V>C XSUK5HHN*Q073/W:1R7=Q*D90HK%>-K*PS@<\J M.3VS4D^GQ3S/,7=9&" ,N/E*%B",CK\Q_"K=%%QV*46FHDB2O+)),LOG%VP- MS;"F, =,'H/\:>]A$_G99_WLZ3MR/O)LP!QT^0?K5JB@+&?)I*->274=Q-%) M)G?MV]"JC R./N#]?P4:3"+:6 R2LLMLMLS$C.T;L'IU^8_I5^BBXK%(Z?SI]K9M;$9NII55=B*^, <>@&3QU-6J*!V*5QI MZ20W(1FWS2I/][ WKMP/8?(,]^M9UCI&2."6W,4^]8E+<8^4ISW/6M MZBG<5C/72E,DDDUU/-(YBR6VC'EN74 #N>?Z5*+$K<-(ES,D;OYC1+C:6X[ MXS@XY&>?SJW12N.Q2BTX1W2W#W$LI0,(P^WY0>HR!D_B:=)I\3^<=[J\LJS; MAC*,%51CCT4=<]35NB@+%*+3421)7EDDF67SB[8&YMA3& .F#T'^-375JMTD M8,CQM&X=73&01]01W-3T4 5/[-@V1H2S*DTDV#CDOOR#QT^<_I2VMFUL1FZF ME55V(KXP!QZ 9/'4U:HH **** "BBB@ HHHH **** "BBB@ HHHH **** "B MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *** M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#G8[V7!>"[:>]^US1_9F< M?<#N -O8 '/ZXXJ,7=S_9UU+%>QLWV"21BLQD82 AL;0$ZGCZ<<&NA@MX[ M=&5 >79R3URS%C^I-2 9P ,G)]Z=Q6,6YDFM;F:#[3+Y.R R2LW*!GDW-GM MG 'L/3%1B[S-Y)O6%AYY47'F]?D!V;_3)/.<\8S6_2;5V[=HVXQC'%%PL8UC M.L'ANYG29W5)+EEE&"3^]?GT_'I5;[9*T=Q!%=@$2VVUHYO-*AY K88CGCZX MS^%='2 # '847"Q@":X6^,7VI%DCN$C5)+@EC'QGY-IW$@DYSU[C%6=:N M)X!+Y,K(187,@([,NS:?PR:UL#=NP,XQFEHN%BA:!X=2N;YMF"^9DA3)'\P!]^ >U=-11<+'/S3SP3/;&<_ M9TNMA>64K!2^">22<^V,U+H-1"V7[6;EG=FV[%4XP@.,X^N M!USTHN%BAK+1K+IOG3F",W1!<-M_Y92<9[9Z9K/^USF01/= 6H\SR9I+CRC) M@@ [@#G;GCUZ\UTI (((R#VI"H( (! YHN%CG+6Y?>RW5R(UDF0W$J-LR?(C M(&3@J"0>>.F*D6ZNC%&J7#LMR9+:&7JIV;SGOL!K?(# A@"#U!I:+A M8S--O'N-\UQ($R5MU0G ,B@E\>IR2/\ @%:=%%(84444 %%%% !1110 4444 M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 5+R[EM?F6 / M&HR[%\'J HP6\9;+=C]X=.WY^F(8]-E5"C7"E4C:*'$?*J2",Y/)&T>G2GH+4LV=V MM[ 9E4JF<#=U]\CMSD?A4^]?[P_.J5CIJV,DA1AL8850N,#<3R<\]<"KU(8F M]?[P_.C>O]X?G2T4 )O7^\/SHWK_ 'A^=+10 F]?[P_.C>O]X?G2T4 )O7^\ M/SHWK_>'YTM% ";U_O#\Z-Z_WA^=+10 F]?[P_.C>O\ >'YTR6>*!0TTJ1@G M +L!D^G-24"OT$WK_>'YT;U_O#\Z6B@8F]?[P_.C>O\ >'YTM% ";U_O#\Z- MZ_WA^=+10 F]?[P_.C>O]X?G2T4 )O7^\/SHWK_>'YTM% ";U_O#\Z-Z_P!X M?G2UG:QJ\6DVP;;YMS*=L$ /,C?T ZD]JJ,7)V1,YQA%REL7FEC12S.JJ!DD MG %9,?BC2Y]2BLH)6E,C%!,B_N@P!.W=T)X[52M].M]2VRZUJ:7LG7[,C[($ M/^[_ !?4YJ]KE@+C0V6R5%EMB)[8(, .AR /7D?C6T84D^5N_Y+_/\ YIU M*[BYQ5DM;;M_HOQ9K[U_O#\Z-Z_WA^=5["\CU#3[>\B^Y-&''MD=*LU@TT[, MZHR4DFMF)O7^\/SHWK_>'YTM%(8F]?[P_.C>O]X?G2T4 )O7^\/SHWK_ 'A^ M=+10 F]?[P_.C>O]X?G2U7NKM+55!!>1^$C7JQH GWK_ 'A^= (/0YJF;J\' M73F/TE6K,,C2Q!GB:,G^%L9'Y4 24444 %%%% !1522"]:1BEXBJ3PIASC\< MT@M[_(S?(1_UP_\ KTQ%RJ*:G&T5W(T4T:VHRV]<$C;NR!UZ>N#5ZLR:UN&7 M5=B#,X CS@AOD /7^M(&6K>[\^:2%H)89(U5RLFWHV<'Y21_"?RIL-Z\\Y1; M.<1AV3SB4VY4D'C=NZCTJII]N]K+-)%;7*Q,J*$FD#R$@D$[BQX (XSZX'/+ M/L=Y.O4#G HT"[-UF"J68X & M2:P[+Q7:7US;1I:7T<5R2(+B2(".3'H95B! M-NA./GYX[\#-1^)M.-W+;RC1CJ!5'CW)<>6T9.,<$@$9[]L5BG1-=L;2>%;; M[;+?::EI))YJCRG 8'.3DC!ZCTH20VV;\WBNPAOC;^7X[=ZFL=?@OM0-JD3KP"K9SD%=PR!TRO(_I7.2>']4@BN]'BM?-M;RX@E^V M>8H$:ILW9&4#@OO&T?C7(^(] U#4=5NY8+42PRPVZ E MU&=LNYA@GTJM=>&KN#4II(M)CGTU;]9A9H4"R)Y>W(4G'!['%%D%V=;9ZO;7 M<,\I80I%"^6'RYZ9]*\\;PMJJQQ,;!Q"); M@?986A=2UWALA2<@'9UY ST MZ460KOL=Q'+'*"8W5P#@E3G!]*9]LM=I;[3#M4@$[Q@9Z55TB$PP7 ;3EL=U MP[;%D#^9D_?XZ9]*JV&DB$:8)+2("&Q:&484X8[./?H_Z^M(HUWFBC=$>5%9 MSA0S %OIZT+-$TK1+(AD7EE##(^HKG?[,N_LHAGCN6:6TBB/E&+Y2%Y!+ D8 M/.1GK4\=M>?;(W:UDPLLNX!HU0!MV""/F.<@GW[>A8+FTEQ#("4FC8*VTD,# M@^GUI7FBC!+RHH4X)+ 8XS_+FL&.SNQ 56VEVQ^05$OEB0^7(&*@J<$ XSC MD]>:F2SFNKL33VA6/[?YP60J3M%OL#$ G^+MU[T6"YKK/$\IB65&D49*A@2! M]*6.:*;=Y4B/M.&VL#@^E8EM83I+$LD=PS0O(^XM&J-N##.0-W.1QV_ 9LZ3 M!/#*P>&1(A$B S!-XQGY4-CR22OL1$QDG!)ZD#@ FLV2&Z^PW>G"UD;SWE F#*$"R,3D\YX#=, M=JLZ@KS;0UE)-%&^24<*X^7AD(8$8R0>AY./< M6]Q]H5_W4D3(VUDD R#@' ML2#P1T-#7"K=QVY!W/&\@/8!2H/_ *$*K6 N(8W$D4Y1YOW:R.&:--H^\<\_ M,#W)Y'X1ZI;W$LP>" 2_Z+-'@D8W,4(!R1UVF@"\+JW,7FB>(QY(W[QCCKS2 M275O$ZH\\:NV-JEADYZ8%8L=A//J4,DUM*T F60M-Y?:.1$;T@^U*?/1%)5@J@<[LXS@$!3QD=*+!)I#&LJ&0#)4, M,]<=/K6)?6EVZO'#:. ;=%01,A&5SP6;GCC&,?7T2PBDF5%2S:)DOYI6GRN, M>:^>ASDCY?\ ZU%@N;LDT46WS)$3<<+N8#)]!4%MJ-I=I*T,\;+$2'.X<8[_ M $]ZIZM;S2R!HH)78Q-&"NQE.^.E%@N:YNK=8EE,\0C8X5RXP?H::+N,W$\3?+Y*JS,QP,'/^%9$5O-'J,] MX^G.\$P(2'Y-R$A0203CYL>O89ZTKZ=MDE"/-)7;V7Z_P"1SRE*I-P@[);OS[+]7Z(S(?#-K(YGU5SJ M=RP(+W ^10>R)T7^?O2?\(X;0[M(U"YL>XA)\V'_ +Y;I^!%;E%+V]3O_E]V MP?5:/\OSZ_?O^)@IK5UIMPMOKL442.<1WL.?)8^C9Y0_7BMX$$ @Y!IDL4<\ M3131K)&XPRL,@CW%8(TS5=';R]%EBFLWX%M=L<0'U5AR5_V?RIVA4VT?X?\ M _(5ZE+>\H_BO\_S]3H&8*I9B ,DGM45M=VU[&TEK/',BL4+1L& (ZCBLA? M#SWI#ZW>R7IZ^0G[N!?^ CEOQ)J&]A3PW?KJEK$$T^0+'>0QKA4[+( /3H<= MJ:IP?NIW?X>@I5JD??E&T>O?UTTTZZW^XZ.BD5E=0RD%2,@@\$5E:[K TNV5 M(0LE[/E8(R>,]V/HHZFLHQ[RGI MAO963 J->U>0^D5PQ/Y@4D1U?395^Q/=WUJ3\T5\IWK[K(!D_0BNG"A1A0 / M04M+VTMGK]W^2*^K03O'1^3?^;_(YVZ\76MONA$$WVS(46[C#DGH O4_E5JU MT<3SC4-2027;J!LZK&O7;_GCZ]:U'@A>5)7B1I(\['*@E<]<'M4E2Y12M%6[ MEQA)RO-IKII_6I$UK;N,/!$P]"@-4KFQCM5%U9Q!)8SN*KQO7N/RK2HJ+FEC MG_#TJ6UW?:8A_D/\ (>@I\M]:0R>7+=01R?W6D /Y4^.> M&7_5RQOQGY6!IV=MA*46[7">>*UMY)YY%CBC4LSL> *KZ9?/J-BMTUL\"R$F M-7/)3LQ';(YQ61SXHO\ O_8UK)^%U(/YHI_,_2NCJYQ4%9_%^7_!_(RISE4E MS+X?S\_3MWWVL%%%%9&X4444 %%%% !1164-1GMXM2DNA$3:X*JF0.5!P2?< M]<#Z4 :M%4K&YDN'D#S0R!54C9&T;#.>H8G@]C]:KQ:C.9+=Y&@\J>9XA&%( M=<;L65TBN+=KE&*'[BXS MGWY'%)_PE%B$&Z&]69I/+6W-LWF,=N[@=QC)S19A=&U16)+XKTN%$?V_P#8T\DP'4([<';R4:+=USUS19A='6T5CZ]> MZG90^;8I:+#'&\DTUT3M&.B@ @Y/K6*_BK5I[=YK2SMH_LM@EY++YC<7]O!;'2K::&*4/N\T[]N2#G'&\=JEM?$NH2W= MM<20VPTRZO7LX]N[S5(W88\XY*GC%'*Q0 MSD70E$WD?9C;MYQ?&<;,9ZHXQG-% MF%T=/16*_BK2T('F2,72-X0J$F8.<#9Z\\'TK0L;Z*_CE>)9%$WO18+HM45F1:W!,D;1V]TWFQ^;&/*Y=.,D?3(]^1ZU*NJVSLI3S&B9E3S@ MOR!FQM'KSD=L;>$S9SYA0;L_6H-1NWM$A*F.-7DVO-( M"4C&",=?3-5TU%Y+Q40HT378B M4@=4,'F9_/\ 2BPKFI145Q<);1>8^3R%"J,EB3@ 57.I(%)\BX+J6WQA/F7& M,D]CU'0G.>,T#+M%4!J]L7<*)&C1E5Y0OR*6567GZ,/IWQ5^@ HHHH **** M"BBB@ HHHH **** "BBB@ HHK)UG4Y;7RK*Q42:E=9$*GH@[NWL/U-5"+D[( MBI45./-(LW&L:9:2M%<:C:0R+U22=58?@35"Z\7:-! SQ7L5S+CY(86W,[=@ M,>IJSI^A65E:B-XDN)22TLTJ!FD<]22:T$ABC.4C13ZA0*T_*2X=3@[!\H/ MNQXK.4G-W9M"$:<5%%RBJ6-1F.2T5LOH!O;_ H^SW__ #_I_P!^!_C2L5"OD6^X\!Q(<+[X(YHL%R:YNX[8 '+R-PD:\ MLU5GN+A8F6^LU>"0$-Y7SX![,._X58MK-+D;J?;V'M4Z2)*@>-U M=3T*G(HV"USE+/6(?#JRV,\C36@4OI[K\QQ]JGT;2KB]NFUC5 M #/+C;'V51T4?[(Z^YYK:GTNRN9EED@4NK;LCC)]_6K9947+$*.G/%;2K76B MU>_]?F<]/#\K7,[I;+M_G;9=D+14)DE<.(H]C(X7,HX8<$D8/I^M#VL>)/,RXS&NYU') ]<#GL:!.C2*@W99-X.PXQ]?7GI MUI^T!BV!D\$TM $*74+B$J6_?9V90C.!GTXZ=Z/M4 4L9 )/+R1_%G&*FHH M 8)HBTB^8N8\;QG[O&>?2GTR2*.5&22-71OO*PR#]:9+"06E@""?PK>CEC MEW>6P;:Q5L=B.HI]6IM+E,W33ES=3F)=$UMI#,U_9SOV26-U&/\ >#9'X"F_ M:]2L/^/NSU"(#_EK;,+J/ZX(W ?A74T5?M4])17Y&;H-:PFU^/Y_YF9I&JQ: MC ,2*[8RK@$!USC(!Z>A'8UIURFL63Z)>'5;3*VCONN%7_EB_P#ST ]#T8?C M6I-JJ3:865UCF?Y#\W"<9+9],9.:4Z:TE'9_U8=*JW>,])+?_->7Y;%:^U,V MR2WL2B2YG;[+8Q?WSZ_3/)]A3QH%S=*#JFL7S M'6I(G\B.,Q:?#W$?=\?WF_E]:WQ,-P5D="4WG(X'L3TS5RDZ7NQWZ_Y?+\S. M$%7]^?P]%KMW?KT\K=RA%X;T6&/8NEVC G),D0VX[F)QQVST''2L_;5-^ M9_>S7ZO1:MR+[E_D0VUFEK%;Q1.5CACV!% "GIR1CKQV]34T48BC"!G8#/+M MD_G3Z*AN^YJDEH@HHHI#"BBB@#)N/#MG/?O%_9;/>^?*\) 8MN2$+(W! ! M;/. ?3L/QTJ*+BL9]II\L$D#2RQL+>(Q1B.,J<';UY/]T<4R;26EWL+@"25) M$E8IG<'V]!GC 4 =:TZ*=PL,D3?"\><;E*YZUSMAX0CTYM/>WN@DMO"T%PRP M@?:4/KSP0>0>:Z1B0I(&2!P/6L&XU.]EL)#&T44ZF)BK(ZLH9L$$'\/FZ'G@ M4*X.QGQ>#;L1P1S:NCI;6TEM"/LBD!6QRP)(/3IC\NM-7P3*MJT?VRV.Z4.( M&M285PI'R@MN4\YR&'IBMS^T+I4:9EA,,4JPR8R&8Y +#T )Z=\=:@OKV[DT MB:Z41I;,K%2&*N@'1B??'3C&>].[%9&4W@-=T+?;(IG$0BE>ZMA*3@DY3)^7 MKC!SQCTJV_A(C5?MD-\$474=PL9@SC:FPC(8=1[<>]:#:I/)%Y\,6(&D,8H;Y&W+^![T7861D:]H=UK,ML8]02"" M$[S!);^:DC=BPW#./3I56^\,7EV\CKJHCDNK<6UXPMQ^\4$\J-WRG!QWKIJ* M5V.R.8E\(EKB2.&^\K39I8Y9K7R\EBF, -G@':">.U/M_"SP7\+&_P!VGP7+ MW<-MY6")&SU;/(&3CCO724478N_"_VK^T?],V_;+F*X_P!5G9LQQUYS MCKQ70T4KV!JYS5UX5E?4Y=2MM0$5R;H7$>Z'@+9B&-3;.D91M[VX,F5QT)/&2,^HSQ[;5%%P ML8KZ',TF\7%N&#NV]K;0,X^GZ21Z3-$JO'-"DB3>:B+&1$OR%"-N M[C.XG@CMQZZU%%PL9]GIKVTD4DDXD=!/NPFT$R2!_4XQC%5ET/8"D9M%52QC M8VH9^.Y1)$9B 4.QE/0,,]>G/MT[ M4VTM)K>21VEC8S2&24+&0,X51CGCA>G[/L_P"]SY5S)#RMURK^7*LG^JQG$7E$?>[CG_&M6BG<+%! M])@2,?9$2"1760-MR,C/49YX)'XU%<:9@^9:N'=<2@85B <^H[UEDSM';2K<2$2PO-<*9F4<8X!_AP6[=A6\ MRJV-R@X.1D=#426EM&92EO$IE.9,(/F^OK3N*Q2T>ZEGB9;CS//Y8EP ."5X M';[O3UK2PWJ/RIJ0Q1N[I$BL_+,J@%OKZ]33Z0Q,-ZC\J,-ZC\J6B@".600Q M/++(J1HI9F(X '4U@VVHZ_?1&^M+2S:SD;,,4S-'*R=FSR.>N,=,4M\3X@U0 MZ7&?^)?:L&O7!XD;J(A_-ORKH H X ':M]*<=5=O\%_F_P CE]ZM)\K: MBNW5_P"2_%^A@2^(;VVC<7.A7RS ?((E$J,>PW*>/Q%6=&TR>V,M]?.LFHW/ M,K#D(.T:_P"R/U/-:]5KRZ-NBI&N^>0XC3U/J?85+J*W+%6ON7&B^92G*]MM MOTW9/\W]Y?RI<-ZC\JH1Z3!LW3;GG/+RABI)_"G-I\FTK'?W*J>"&(;CV)&1 M6>AMJ,EEEOI6M[=]L*\2S*/_ !U??WJ[%"((ECC"JBC %$<<=K;A(TPB#A5 M&?\ ]=1[6N48LQ$$L8 3:4=<]F>O?V%2(NQ%0$D* ,LB@!,-ZC\J,-ZC\J6B@!,-ZC\J,-ZC\J6B@!,-ZC M\J,-ZC\J6B@!,-ZC\J,-ZC\J6B@"&;S$_>AVV1JQ:-$R7X_//TIIN"=ZHK-( ML8?84(SG.!D\9XJQ10!"IN#(I(18RF2#]X-Z>F*1?M>(=WDY_P"6N,^G\/X^ MM3T4 5O-W!8KD1HTI9%C)W;P,_TYQ7*S>&+E-0%D'0:*V9&A M[#(KLZK_ &=@J0DK);D,)!+EF;/3GTZ]?:M:=64-OZ\_4QK4(U;]+10 4444 %%%% !1110 445'%<0S-(L4J.8VVN M%;.T^A]Z )**:KJQ8*P)4X8 ]#UP?S%,6ZMWN# L\1F7K&'&X?AU[C\Z ):* M@2^M)2XCNH'*#<^V0':/4^E.2X@D172:-E<[58,"&/H/?@T 2,JNA5@"K#!! M[BJ:Z5:")XV61U=0A+RLQ"@Y !)R.?2KA(4$D@ II9=7TR".*2;4;2-)1NC9YU <>H)/-/N-2L;2..2YO;>%)/N-)* MJAOH2>:>HM!LNG6TLK2E721B&+QR,ISC'8^G'X#T%6(88[>%8HEVHHP!G--2 MZMY9?*CGB>38)-BN"=IZ-CT/K5:;6M*M[AK>;4[.*93@QO.JL#]"#5FVN[>\C,EO*'4'!QP0?<4!7(C[6*MM8'!'4'WI] !1110 4444 %%%% !1110 4444 %%%% !1110 4 M444 %%%% !1110 4444 %8=_J\UU/)INB@2W8&V6XS^[MOK'U)--C74 MG7[0)(U+G(@D7A1VY'.:9NDU*[25%5K2&3 #'&\]V]\<8J]]G!&&DE;]YY@R MV,=U\Z^ M"C,(8#8IZ+S5QK6-UE5MY$I!8>8WH.G/'3M4U*Y5B&1YHO-D*>:@ *)&/G/K MU./Y4\31&1XQ(N] "RYY4'IG\J?3'BCD5ED175N"&&0:0Q@5I90[J\?E.=H# M\.,=2!]>AJ:BB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB MF[UV;]PV^N>* '44U71QE&5OHE %NBL_[ M;>R:E]GBT]A;(<27$KA0>/X1R3]>*6?1[6YOA=S&=Y%P5'G.%7'H 0*8B_15 M.^T];_R\W-W!LSC[/,8\YQUQUZ4Z;3X+FP6SN/,EB"@$M(0S8[DC!S2&6)'2 M*-I)&"HH+,Q. .IJK8ZK9ZDT@LYO-$>-S!3MYST.,'IVJ2TL+6QMS;VT(2( MDDKDG)/7K5@ 8 Z 4 4+>\OI;PQ2:7)# "?W[3(0<=. <\U?HHH **** M"BBB@"$3/M!^SR9,FS&5X&<;NO3OZ^U#3.JRD6\C%" H!7Y^!TY_GCI4U% ! M63%OMY=5^R0!Y$*>7$N "=@QW Q6M10!C:303S_M#UK?I,#.<#)XS3N*QA*( M;Z\2*&XADB-JZ1>2N/(7*<,,G.<#TZ$8](7GFMKF2Z:2)MPDDC9U(1W4*IVC M=P3T'7HQYW5T8 &< #)R?>EHN%B*X_X])>WR'^5>5:=%,-(AT9$;[-?Q)?.> MP6-6WC\62/\ .O6JJV]ZL\:RE-D3JSHY8R MTZ=KR&WF;2HT*7MKYD4J]<*PY!YY%7;"YL;74+:ZUZSCM;273%2W26-G1"&. MY1G."1SCK@BO0E>&<$HT<@5L'!!P1_6H'OH?L$]XR,8X#(6&!G]V2#C\5.*? M,+E.8\,K;IXC86D$\%O_ &9$8XY_OJI=B,\G^=94UW:6_B_5EN+O3H2US'A; MJT,K,-B_=(Z5Z!I X )I;>X^T*_[J2)D;:R2 9! MP#V)!X(Z&BX[=#SN2_G_ +9;Q0+.X-NE[Y?VD%?+^RC]V>,YZY;I6AX=L;F1 M;ZZ6+36MEN[C+O 3/U/1LX_2NWDFBA ,LB("< LP&3Z5#!?036UM,76/[2BO M&KL 3D X]SS1<.4X#P<]I>06=F+[3_M CW+&EF1,K*=PR^<'ISZCBNUT?1TT MB)T67S"V!G;C@$D=22>I[^E6/[0C^T^1L;=Y_D9[9\OS,_3'%3I<0R1^8DT; M)G&X,",^F:&[@E8\\TZ2[DO5LH+^XM8I)[Z1S 0"2K CJ#56YUR\O](E74-4 MEMR=*WPQH@ NF(8-GCGICC&.M>EBYB?Y898GD*;E7>.1V/&>/>EMY5N84F"X M/((/52."/P((HYA?1:OJ_P#:T5NMVD!C>!(8'DP)(RHS^["$MGGYLC'X M5IZ'JES<^)3:S7\KV"--]C=O^7H@C<"?XMG./7KVKJH+R">"UG+*AN(P\:N0 M&((!Q_*I?/A^?]['\@RWS#Y1[^G0_E1<:7FM:^E1PSR M^'4M[Q[K?9SB5V*L53:@*GC& V 178K/;GS2LL1V']X0P^7Z^G2H_\ 0UD^ MW;HMSIL\[<,%1DX!].IHN'*<[!HUMX=GME_M>>,W-TJHOE@^;]XB,D#@'/L. M. ,UM7B//JEM +B:*-H)F81-MR0T8!S[9-7PZL@=6!0C(8'C%5IM3LH5A9[F M+;,VQ&#C!/?FE<=K&.MU>16$$Z3R22W-@9W+GA6'E_,!CC <\>PXI#>,C^7] MLC:%V0+MO"0#MVZQ1L<-L;RL@#KCE_UK7DGMU($DL0.[: S#[WI]>:=(PC G7FFS7DI&W_/)/XI#]!^I%7X[Z"2TDND+&% 6W!?O #) MQZ^GU!KE=+O#>W]Y>S74%OO7LNOSZ+[^AOQ266BV4%C;*9/+Q&(H\,_N2/7N?K2&TN]0&+QA%#OWK&H^? M'8$U#8ZOH4<[6]O>1M/R7+9W,1UR2/:K-SK^E6DRQ3WL:2, 0O)R#TZ5#;;O MU-(I)66R-!$6-%1%"JHP .PIU46UG38X_,DOH(UR0"[A WL,$G\\46871KT5C6FL7-[>N(K:%;.-OFE:4[B.<$+M]O6B^N+ METCN[;45@M"!E?LV]V.?<\#\*+!01O=7- M]+=1!2OD_951\Y'(P?K18+FS16);7%[>ZF7%U+!:J0WDO:@;AQP7)/Z"GWMM M;ZC&UQ.+X+%E?LZ2L@?!ZX!YZT6"YK.ZQKN=@H]2<5%-=K'9M_&TT6U[+8>9]FC>[Q_J1+A2<_WB/Z5%;W= M\\ZK/9)%&>K^<#C\*L)-(990T:JBXV-O^]_A0 RRGNYXF:[LQ;2 X"B4.#[Y M J*QDU625C?06L,6WY5BD9VS[\ 8ZTD%SJ#3J)K:%(R>2),D5:620W$BL(Q$ M -C!N2>^10!6^RZB;_S3J*_9MV1 +<9QZ%L_TI;[3GO958:A=VZ*N"D#!:;::A D-Y$)D0Y 8 MGK[XZTX6%HME]B%O']FQM\K;\N/I59)-4\\!Q9^5NY(+9Q_C5L-+]I.6B\C; MQS\V[^6* &6EA:6"LMI;1P*QRPC7&34L5O#!GRH8X\]=B@52_P")GY_,MGY6 M[WSBK9,GVD$21^1MY7^+=_A0!-16%\I3@5;8.9XW6<+&H.], [O3GM0!-16?/;7 M@">BJ%Q:333LZ:C)$IZ(H&!5U M.$ W;B!@GUI#'4444 %%%% !1110 4444 %%%% !1110 C#U920/WA" #KT.T\^E;]9]I?R7%]-$R*(3GR&'5MIVOG\<8 M]C30F206ODZG<2)$J0M!$B[0 ,J7R,?0K5*2&Z^PW>G"UD;SWE F#*$"R,3D M\YX#=,=JN'5+8013%F"2P&X4[?X!M_7YA4#:NPU""U%E<#?NW$J/E(Q[X(YR M2/YT!H2:@KS;0UE)-%&^24<*X^7AD(8$8R0>AY./=; 7$,;B2*.>?F![D\C\%35(I=_E0SR;9&B&$P&92P8 GTVGGI^/%,;4U^T6Y0,T4 ML,C;0IW;@R*!CMRQ!H +N)QJ"3FU:YC\EHPJ[8-Q7#J;?R^A/][M2 MFQN+@3K);RM'));/^^,8W!) 6R%XZ#\0/PK9M[A+B-F4,I5BKJXP5([&JKZO M;QQEY(YT!V% 8^7#,%! ^I''7GI1=A9%;[/-%J>]+=UB$WF,7V&,#;CTY66R#,A0R.\FTC! 9RPS[X//O3!JD17B*;S?,\KR=OS[L;O7&,$ M'.<4MA>M=:>]RT;$B250@7#85V4#![X% &,UE?BPC@^RR!ULXHQL,?++G(8D M\8.",8Z]?2Q-;-:Z5M$ 6>6^,@7 8MF8L,\@'CL2/TI]MKDL[6A-G,!-#(Y1 M4R25*06!^F?48S3U%H9D=O,;Z60QW M);YEDCC2(;"VWH&+## #//4'/6M);"Z6R@AAO9(/+@6/:0K'(&.6QU^F*2_F M32X;9+=K2TCEFV,\B?(OR,]21W^VV1VD6\+!F#VD?R[1P3]X]/K MD]A2&46@F-G$L>EF.2%$1FRA. RDA1G!QC.3W['FH6BF@DM#-9RR#^T&D56, M98CR7YP,#.-TFWY1E58<_1A5&34"VJ36[7VGP>3 M,JQQS)F1LHIR/G'7<1TH$2):2'2KN-H&'G.[+ KJ&53V!Y&>I].:K?9+F15E M>T:4)=+( ZQK(Z[<$G!V^GIP.G2M07\1F\MED0$L%=EPK%>N/R/7KCC-5;G6 M1%9&XBM9WY0J"O#*QX;.?TZ],CFC4>A6%C>"UBBL6M9(?+5I=R94!@3MY.>A.3^1R:W8W\R-7*,F1G:W4?6G M47"QSTEC)[5Q JLM]/-(PQG:WFX/OG@ ^E+ MTHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *** M* &2J[PNL;A'*D*Y&=I[''>J$6B6UL]L]L71X#P6=FW+C!&"<<_SK2HH QXM M(N$2)&NXBD%LUM&/(SD'9RV3SPF,<=3TIUMI$EOGM6M13N*QF2Z6S6\<2RQL%GDF*RQ[D<.S'!&>V[]/R@?0Y3# BW4>8=X MQY.%<,ZOM(#=/EQ^-;5%%PL9 T:186CWVCJTOF>6UK\@^4#@9X(QP1_]>E.C MR>25%UN8QQ(=ZDAMC,V#SD@[L8SV[UK447"Q2L;%K.*=#)'B5]X$46P)P!@# M)]*HQ:%(C0EIX!Y>P,4@P9-KJ^2=V23L]^M;=%%PL9[Z=(+I[J"95F:4R#>F M1@HJ%3S_ +(.:GL;9[2U\J242N9))"P7:,LY;&,GIG'X59HI#L9]GIKVKVY: M=7$$\FC175Q+!=0+'-()"LD!8 M@A57J'']WTJ_10%C(CT>5+I9OM$6Y9';?Y'[Q@V>"Q/;/';CI2)HKB&9/.AC M+JH AA*IN5L[BN[K],5L44[BL(NX( Y!;') P"?I2T44AA1110 4444 %%%% M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4 M444 %%%% !1110 4444 %%%% !1110!375M/:\^QK>0FYW%?*#C=D=1BENM5 ML+*98;F[AAE8 A'< D9Q_2K/E1A]^Q=WKCFAHXW.616/J1F@6HZJFJ3O;:7< MS19$BQDJ1C@]CS5NFRQI-$\4BAD=2K ]P>M RC89CNI8I%F1S&K!7G,JXYY! M/(/J.G2DA5H]=G'FR.&@5\,V0#N;H.@J>/3X(M^#,6?&7:9RV <@9SG'M]<] M:F\F,7!GV_O"H0MGL#G'ZTQ&7%'.#JL,4TLD@9=I=^>4!.#T'X8 J".^DAN7 M21;@0PEY=F\,X 5^U%#HTTESJ:)=*XEEN MIS+%,=I("#)*G/,$)OE=PN1C@,2!33 ML)ILYO2O$^H0:#%Y-O'%X.3@'K6E)XMN/-EN8;.(Z;!/ M'!*S28E+/MY"XQ@;AWJ^WA#0V2)/L;!(UV!1,^&7.=K<\C/8U/+X,#M MS59=;U74M8TU[2&%;I4N8Y8'F81%D903P,GVX[UU":'IT?E;;;'E7#7*?.W$ MASENON>.E5YO"FC3XW6KA@SN&2=U(+G+F7,K75\##+B.&V%P\P5ADDAGYS@'@>E3KX4T5+K M[3]C)D\TS8:9V7?G.=I;'7VHND*S:,6\\:S6L\RBWMY(]L_DE'8\Q@GYCC:< MX/0\5=.O:LSV=K%96AO;F!KG#3-L6,8P,X^\<_2K,OA30MA\ZV.PNVT-<.%4 MOP0HW<;BW0=2?I5F^T32]0%M!4)I;J)5BFE9UC_= L%"@EN?0>]6T\9E;&TOKBW6.VN;69P0QR)HR55MI4%>^XUH7U MQ,GC+28%FD6&2WG+1AB%8C;@D=#BI[G0M*U2Y:[EB,C$A9 LK!)"A( 90<-@ MYZU/J>C6.L)&MY"7,1)C=7*,A/7!!!HNAV9R4USJ=U;7Z6MU/)MUJ2,QI=". M1XE5D/ID>GFS M46T;;T"LP96_O;LYS[YI^GZ/IEII\UK9Q 0S%EE(D8LYY5LMG.>HZ\4-JP). MYROA_P 2&Z\5%WU$2V^I&58K?S,^1L/R"[+110F*$SF6UC M):8",'&_(PH)&T@^R(([1D>#:2"A7H<@Y/X]>]._CBCD,A?$LA64,20#']U>O49IW3%:2)(_%M^+;4+L?9+I(7MXXA 3Y1+G! M^DA@F6"<0"1SD]64[=N!D<$@FK%CX>>$31ZM<>99R M&,16WVF20*X;((9L')..!Q6M+H.G3:A]N>!O.+!FQ(P5F'0LH."1[BEH%FH]>M/0+29DZCXKO]/O#9?88IKF&%9)UB$C MAB3]U"%..!U;%/\ %MS.8-'^SF]07%R T=M*8I'!0G;G(_6M6?PYIERT32PR M%HT$>1.X+J.@\EOF@@BOY3NA4)N^=P#GCIC/UJXOBO4;E[:WM;&V%TXG$HEE.Q6 MB(!P0.0?I6O_ ,(OHXL_LJVFQ/,\X,LC!P^,;M^=V?QJ:WT'3+4VYAM0AMT= M(R';@/\ >SSR3ZGFBZ"S.8N_%=]JFBW?V&SCC":<9YW>8JR;E8?)@K.DMQ90"R>[EM0R2$R93< M)[]+C3M5N[9([5K.XN(XH9R=XPF X('(]>>M=6-!TP+&OV4;8 MYVN%!=B/,;.3UYZGCI5:#PIHMN8;:6VN5,1E"L$PP;/;/\ A5$W-\RV MSK*[+<1M*X15)C Q@+D<_> .<]*=A7-NBL_2K]KV M(P\T_-M"D #IQGKR#] M,U?RWH/SI#%HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %H MI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\ MZ %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z, MMZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ M#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %HI,MZ#\Z,MZ#\Z %H MI,MZ#\Z!GO0 M%%% !1110 4444 %%%% !1110 4444 %<_81SSIIJR7UT?M M-D9I#OP2XV8(XX^^>.AP/QZ"B@5CF&U"[GMUD:YBAE-I%)%OF* LRY+;0IW< M\8]NG-3Q:D?[00BY $DDJ%6EW-\N['R ?+C;Q@Y/?GIOD D$@$CI[4 $D 9 M/6G<+'-VNI&.ZM5DO T9=3+(LXDC.8Y.22 5RP7@\<#%6+.>2_NK4B[D,#&[ M;Y&P'V3*$Y] /3K6YM7!&T8/48ZTM%PL?3BE*@L&(&1T/I2T N?UP<42W4A6U6UU&61IO+^T$,"4)EC&BX6,-IFBN7M9KN2.U2Z*&1I,''E*P0MU MY+$YSGC&:MZ$5;3,I*95^T3X<_Q#S7YK1(!!! (/8TM%PL<_81SSIIJR7UT? MM-D9I#OP2XV8(XX^^>.AP/Q@FU:0VD4[7 29;2*DP,@X&1WHN%CGW,S6*W(E>XD;4"J*SX0 3,% ]!C'/)_E33>3.T:37/EY M5S)YD_D[900"H(!X48P.X.>>M='2$!NH!YSS1<+&'HB8O[EIKEGN72.1E\PX M;*#+!3CC.0...E;M%%)@@HHHH&%%%% !1110 4444 %%%% !1110 4444 07 M$D"R01S9W._[L $\CZ=/QJI%%IWVB:W7>6?HJU#=0SPM-&_[M2068%<8Z]:IS6[^=;Q10.L<#J4(8%"HP M#N'7('3WP<]^*?IL4 MD44I=95WR;E\T@N1@?>(^A_ "@"V[K&C.QPJC)/M40NX#;I/OQ&^-I92#^1Y M']*GK/@@E41"2(E8$9@N1\SDD^MXXO,,F4V>9E5+?+V/'KGCUK*>WNIBLTMM=1R,27\ET#KQA54[ON@9S[ MG/KBY9VTRV,GFQA9FC$808P HP .V,Y/XTQ7+,E];Q%-[GYUW#"$X'J<#@>Y MQ5BL>^LIIK<0QI,&F@\AV1EV_P# L\X&3]WGK[5L4@(YYX[>/?(2!D*,*6)) M[ #DU$U_;) LS2?(P)'RG/'7CK[?7CK2WCSI;DV\)EE) 4Y^Q2M<_-@)Q@$^A]JL5C MR64S30QJDRJ6BDD.Y?+)0@\_Q9^4#CCI[UL4@(YIX[= \A(!(4 *6))[ #DU M$U_;+;I.9?W;@D':<\=>,9]OKQUI]T7$/R1N_.#L8!@/49[_ .?:J%K!<6]N M[FV,CPH4AB++ELG.2>F3\N?=2>],"VNHVS,%4R%B<%1$^5^HQQ^-/FO8("1( MY&"JG"DX)Z=!_P#JK+DM)_*W)!=+=R*W[T2*H#GD%@&Y7VYX&/3-PV\KZ?+E M/W\S>8RYZLN[M99;T*B3 M"-Y8Y7.Y?+.P@Y/\6?E XXZ>]:E(84444 1^?%ND7>,Q@%_1>_)^E5_[4LQG M,C# ZF-@"<9P#CD\]!S6=#I^H)>W*SF.2&Y5 [KD9^9RW!/]TA?Q7TJQ'85R\MW"T#3!B$4X;*D$'TP1G/MWR*: M;^V'F?.V8W", C$ECV QS^&>]4[6UG+9E63;+/Y[^85W?*JJH.WC.0#QZ5)< MV\GFS2K'*2'1D,3+N& 02-W'WLE23.\L[MD@G+,6YQQGGMQ5B1=\;+C.01C.*0R.*ZBFC,BEE0#)9T9! MCUY XJ)=2M68JK2$_P#7)N3C.!QR<'IUZ^AJG!;7#1O%Y4\=O+L0I-)O*@9W MGJ>",+Q]:G/GM?/(UG)LB#"'#)ACCECSD$]!QQSZ\,18CO8)4W*S8W^7AD93 MN],$9IG]I6IB$@=RI8J (F))'7C&<>_2F6]K)&\"2?,(4+LW]^5LY(_\>_[Z M]JAF@GC+2I'.9/-?:863.UL==W&"0/<8H TU970,I!5AD$="*6H+* VMC;VY M()BB5,CIP,5/2&%0"[@-P8 Q\P''W3C.,XSC&<L3[+>17,WDK.&:9F\P MR#R]C#C"YZ@D'I_">>10)FB-1M6E6,2$LQP#L;;GG'.,/44Z.]MY7=5 MDY0$DLI48!P2">"!ZBJLUN_G6\44#K' ZE"&!0J, [AUR!T]\'/7%>.UN76V MMVMRB11FWD65V",P\H ;& ;<&R,9[\9YXI=-ADC2>27S-TTO MF8DQNQM51G;Q_#VH NT444AA15<"[^SN"\7G9.PX.T#MFF6RWXD/VF2!DQP( MU(.: +=([*B,[L%51DDG@"EHH AM;J*\B,L)8J&*_,I4Y!P>#3%O[9IQ"';< M6* [&VEAG(#8P2,'OV/I4-CFWAN6E20 W,A "$D@MP< =/>JR7"7>HA'@N(H M;=V\M3;2 2/@@L3MQMY..>3SZ4Q7+BZI9N"1(P&PR F-@&4=2I(^8K3,TT-S"!&R0QO;NFQAS18+G0,P1"S' R36/9^ M*]%OI4BM[S+NI9 \3IO &3@L!G\*U)P6M90!EBAX'/:O.-&L=1=M%B:VU*0V MP?S(KNV\N*'*D95L#)],YII7$VT>B6-[!J-E%>6S%H95W(2,9'TJQ7EL-KJ$ M>EQ17%GJPF2R5+!85D01SAFW;@,8[')XQ6EG M/Z4"_)%YJ)'EQ32+$3; 2[D !&XF103GVX&/> ML);'47E-N+;4W(U0S"WDMB+9E\PG<7P.W/7%%A#4YM/-LYE2W>1Y/M! P6P<^N,\ M T[N;JWA#UISR:Q8:'I=UMN!?.)=,>.7<&)8MY3<]<8'/-'*',>BU7 MDOK:*^ALGDQ<3*SQIM/(7KST[UP^JV-Y8:C;P6T=]=>3#"D2XE + _,R2*=H M)ZMO%;FNF6Q\0:7JIM;B>VBCEBD^SQEV0L!@D#G'!HL%S1F\0:7;P332W05( M9S;/\C$^8 #M QDGGMFGVNMZ=>V$][;W&^"WW>:=C!DVC)RI&$/M[0WKW:2F)I08)KB 12RKCDL M!^A-#2L";N6[#Q5HVIWJV=I=M).V<*8)%Z#/4J .!6S7'SVMZL'B\QV]P'F( M,!5#F3]V!\OKSZ51UC3;VW@TR*(79LS QF^6:9O/8#E@K!L]<<:JFL^2B+#?RWMO:1-#-LD+.P.6P%.U6 P#NR35O1DOSK[GR+Y_,$_F2SI M+$R@_=#AB4;L!M[:NVJ7>FV<,5GJ:RV^F3PREH7&9< ]SQQ] M:M7FGW=A<6>G6CW"KK4"1S%Y&9XW0AI&YY&4+"CE#F.SU+5[+2(XY+V5HUE? M8FV-G);&<84$]JKP^(]+N(XG@G:59)#'\L;95@,D,,97CUK+\7V\WE:2;6.[ MVP709FM(C(\:A",@8/ZUB6ECJ>^-UM;TI+JAD,TT1261#&1F0#H,\#@"A)6! MMW.SM=H1Z5HVRUU&*2*PN(&:&W8R1 MN<8XXQT..1GM71>#EN%CO5DMY(X=Z>6[>:JNAZ=J?J&J6>E0+->S")&;8OREBQ] "35#3;:2'7]9 M80F*)Q (FV84X0CCUQ[56U%M0L+6TPDMV!(< CIUX//:JJ?ABVN;?PKY,]N\3YE*JZD.P))#,#T8YZ5R-CHFIK9VU@;*=;2Y@2ZN-T;# M;)&K#81CJQ$9Q[4[(3;/2;6ZAO;2*ZMWWPRJ'1L$9!]CS4U>9O::A%I\$<]K MJGG+IT2V @#@13#.[["KEUIVIF;4+QH[XWD5W;>2T9?:1A1(54<$= MV^W[O-L!9;O)QC!)W8 MW>_3]::MU)=^A)K'BVWMHI8[$O+<))$OF>2S1 LR_*6Z9VDG_.*O77B;3[2[ MDMW\]C&XC=TB+(KD9"ENF3Q^=9C^#[C9/;Q:H$M)Y(II(S;Y8NFWONZ';T_R M777@Y)M8GOHIK8":02MYUH)75@!]UB> <9Z?C3T#WC0@\3Z==0RRVYEE6*W$ M\FR,G8#D;3_M<'CVJ[)J,4=O:R^7*WVD@1(J?,25+1X Q$^3F0 G&.?N^W6M@VDCBR,L^^2W;>S[,>8=C*>.WWLTG8:N1 MP:K;SN@"RHKEE#R)M7Z@D,$D)DVR(?WB#&2 .> MXXX/(IYTI7BCB>3-S"85EAMPC_;UJ^VHVZQ32'> M%A@%P^5((4[NQ[_*>*H?V))O9MUEM?;F$VGR9&>1\V<\]?\ (6;1KAK66"*] M4>=:BVD>2,L<#=ROS?[9ZYZ#\30-2Z=3@6:Y0B3%M_K7V?*IVAL9[G##@4S^ MU8@_E&"<7!QB$J-Q!!(/7&/E/?M2RZ:LT-]&SY%TX<97.PA54?7E?7C\@P>A^M95R;236[ M&[>PDEN!#+M!0ET*,HZ$X'WVY[\8/2K[6#G3([3S4D* 9,T>]7QV()Z?CD<= M:;9Z:;66&1I@WEI(NT*0HWLIP,DX V]/?MTH 5M7MA&LB"62(QK,SHA(1#T) M[^^!S3;G5DB2\\F&69[5?GVK\N=H8#/T8&H5T>:&T^S07**DD"P2LT>2=J[= MR\\$C'7/3\[8T]1#>Q!R$N3V'W!Y:ICW^[G\:- U)(+DS60N#!(I*[O+(&X_ M3FJEGJ_VBQ@G>VE624[4C &6.,\<]/(O!*]NS>7YL.5*D=",]>G(].E&@:EB#58+FX$$22L^T,WR8"#++\ MWHM36.GBSE>0-'\\:IMCB"*, M,[9 '^_^G4YHM=/^S?8OWN[[+;&W^[C=G9SUX^YT]Z- U'7%YLLHKF JZR21 M!21P5=U&?R:GO<.NI06X"[)(9')[Y4H!_P"A&H1I^-(@L1+\T*1A9-O\28(. M,^JCC-"6MT;C[1+<0F55V(%B(55+ M_%DDX'?C'>@"O/J,ZW=Q"LUK"\; 10 MS@AI^ <@[@.2<< XQ^%63I=JM]+J$4,:WTB;?.<%L<8'&>G Z8S4=U87-S'< M6_VI/LUQD,'C+,@(P0ISCU(R./>KZ!P#YC*QW'&U<8'8=3S[T 9<=Y=P?;YK MV>W-O9$[_+MV5B!&KYR7/][T[5:;444)BWN&=@S",)\VT=R">.W'7VI)=/\ M-M]1B\W'VW/.W[F8U3UY^[GMUIE[IOVFY2X46Y<)L83P^8",YR.1@CGZYHT# M4D34X)&C*"1HI"H6;;\F6 ('KR".V.<=::=4@$5\[44L<>@K%O[^[73+CS5C5IK*66(Q,E4?[( MLO*DB:-WCDB:$J\C$"-@ 5&3P#@=/0>@IH3*EY=W2.MM/L5FD@=&B)''G(&4 MY^HY[YZ"D;56C0('@@+-<$/<.2IV2%<#G//7V'0>EX:9:A&5ED?<5)9Y69OE M.Y<$G(P>:KW&F-]I22W4>6%<%!<\=NU&@:D<6JSEX1(@PQC2 M1?+;X$!4D)XSR/EX!_GBKD.CPB M-#<-))+E78B5@"XQ\V,]>!SW_$U96PMEE,H0[O,,O+L0&(*D@9P,AC^=&@:F M=/JM[;I 7A@9[G9Y2ACA2712&/?A\Y'ITJ1]1ND61&C3?%/Y3RI&SJ!L#@[1 MS_$!U]ZLII-FA4[';;C8&D8A &# +D\#*J?P%/ET^WE=G(=)&?>721E.=H7J M#Z #'M1H&I+:S?:+6*;*'>H;Y&W+^![U+3(88[>%8HEVHHP!G-/I#"BBB@ H MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ..**** "BBB@ HHHH _]D! end GRAPHIC 13 g154132img463c72eb6.jpg GRAPHIC begin 644 g154132img463c72eb6.jpg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end GRAPHIC 14 g154132img4954867a7.jpg GRAPHIC begin 644 g154132img4954867a7.jpg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end GRAPHIC 15 g154132img750aff4e3.jpg GRAPHIC begin 644 g154132img750aff4e3.jpg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end GRAPHIC 16 g154132img7b3a18c14.jpg GRAPHIC begin 644 g154132img7b3a18c14.jpg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end GRAPHIC 17 g154132img82cfebae8.jpg GRAPHIC begin 644 g154132img82cfebae8.jpg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g154132imgdff837ff1.jpg GRAPHIC begin 644 g154132imgdff837ff1.jpg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end GRAPHIC 19 g154136img0e1c2b7b4.jpg GRAPHIC begin 644 g154136img0e1c2b7b4.jpg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end GRAPHIC 20 g154136img3b277f842.jpg GRAPHIC begin 644 g154136img3b277f842.jpg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�\,4BA M7C1E'0%00*?10!"]I;2*%>WB91V* BG>1%Y0B\I/+7HFT8'X5)10 @4+T 'T MI>E%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% %!;.^%_P"F[&:6\M+V>X5[?4Y+:, QK$C G/7)&?\ ]57J*+BL%5=2MWN]-N8( M_OO&0O.,GZ]JM44#,RS1X9I9(K*:&$JB^467+-DY;&['3&3G)]^,V!#(-7>? M;^[,"H&SW#$X_6K=% K%&.T+7-_YR9BG*XYZC8 >G2L^33KJ-GEA28-(D@ 6 M;YD;C868M\W\1/7J!S@5O44[A8CF5GMY%'+%"!]<5P&C^&]6AFTO=I\ML]L' M$TL]VLJ$%2,(@)VGW&*]#K,BUN"9(VCM[IO-C\V,>5RZ<9(^F1[\CUH38FDS MB$\-:JFG^1<:,+F:2R6WA=I4/V5PS9;.> <@Y'/&*O7'AW4CJ$J&Q6>XENH9 MH]4+KF)%"[AR=W8\#KFNNDU6V1=Z^9)$(Q*\B+D(AZ$_SXR<5(+^(S>6RR(" M6"NRX5BO7'Y'KUQQFGS,7*CCHO"%5V!3 )QZ_2NTAU.&5X5\N5#,0(RR\,"K,"# M]%/OTR.:/[4@,T42+*\DID"A4S]QPC$^@!(HNQ\J.!_X1#5XX+>&YBEN0UHL M/[IHOW1#$X)<$J!DW< WRQJL%P6!VCRSB18LLJRE?E/Q!'/:CF8N5'+ M^#7C2_U&*16CNV2)WB6!(HU4 @%0C,,GOT[5E)X;U;[7\NG3)(-1-PMP]VIA M";\Y\O)YQ[9KH[34(K;RUMM+^S+)=M"R1PJ-^%/?MFB["RL<)>^'M=N9))$TT+(3*2T4HH65@/G.>#TP3U[UU%Q>A;*&YMRKI+ M)"%)!P5=U&?R:GO<.NI06X"[)(9')[Y4H!_Z$:.9CY4<.VA:M#=2 :2C6SSQ M281HY=@$6W"B0X.#P2PZ8I+0REL.,'HN >W2 MNRGU&=;NXA6:UA>-@(H9P0T_ .0=P').. <8_"M(V\)N!<&&,S!=HD*C'+N/48UTW3_,C6&&*-Y/+>/"'OG#H1U^7.:V];MKZ+6=.U:RL MS>"W26.2%9 C88#!&>#TJY:ZLKY6='0&XEA67;A,J[ #/T7KTS[\4YM:MD0. MZ3JK;3'F,_O 6"@J/JR\'!YZ478[(YJ30]0;1YGNM+BN9;G47O)+59]LD0( M&QP0-PQ]#FM'PU::KI^GWS7$<^TL6M+6><22* O0MTY/;/%:XU2(KQ%-YOF> M5Y.WY]V-WKC&"#G.*?IMTU[9F9@5/FRH 5P0%D91D>N!1=@DKG):;X>UW3KG M2KYV@FD61_M,2*%<++RY9BV&VG'3TXKE[F2);6>2;>BNUTMM)&B REMW#R!M MQ'U45Z;%K<$R1M';W3>;'YL8\KETXR1],CWY'K3&&DQL;A;")EE0/).ENN-C M="QZD'\?>FGW$XKH<9;V+ZC9ZEI\N/1>#^==)%&[R\O_,BT MZ1+6:V2)((3 /LY!)();.T=\I6OXGTN\O+32UM[>:Z-M.'E$8?*CS^+P[J44"RS:9YUJM^;@Z?),DCNI3&68G#$'G!)J6R\+7;36'V MW3XFMD2Z8P.RNL&\@HF"><>W KNZ*?,PY4>;#PQJJV#0W.CK>2R:/IZUU.M:;=W?ABVLX(=]PC0%DW 8VLI;DG'8UT%%+F!11PB>%[ MY3!-'9I%>?VE-*\X90PB8-M.0>??VKTBBGS,.5'G\'AN__LR]1=/F6>X6*)!*\*!&4_ZT"/ ^7USD M^E;&AZ;[OLML;?[N-V=G/7C[G3WJ[10!B MC0%2)(P;:0>0D+M-;AS\J[=PR>,C'!R.*?'H\J72S?:(MRR.V_R/WC!L\%B> MV>.W'2M>BG<5D8L>BS12QSQSV\?#O&'D+\<\$9(]ZUJ*+A8J26(?3DM5<(8PFQE0 H05 M.T<8R!P*;':W)G:XFGB:81F.+;$0JY.22-V3G"]QT_&KM%(9FW.GW5Q%/;FZ MC-O."&#QDL@(P0IW?4C/3WK04.'>?I3J* ,H:1(Z-;W%P MDEJ9Y)M@CVL=S,VTG/0%O3G%(VDSS-;_ &BZ1A;E?+VQX)PZ-EN>OR8X]2?I MK44[BL9[Z=(+I[J"95F:4R#>F1@HJ%3S_L@YJ>QMGM+7RI)1*YDDD+!=HRSE ML8R>F/N=/>J,F@NUND N(F5; M9( TD&XH5&-R\\9_IU]-NBG<5C.?25EL5M99 Z_:#.WR<-F0N5QGISBH6T4A MHV5X)/+4QJ+B'S,)G('7J.>>XZ^M:]%%PL4K*P:RF,' M&!TQ5VBBD,**** "BBB@ HHHH **** "BBB@ HHHH ***"<#)Z4 %%4IKCS# M;2VURIB,H5@F [9_PJB;F^9;9UE=EN(VE<(JDQ@8P%R.?O '.>E.PKFW16 M?I5^U[ 6D8>:?FVA2 !TXSUY!^F:OY;T'YTABT4F6]!^=&6]!^= "T4F6]!^ M=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F M6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= M"T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6] M!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^ M=&6]!^= "T4F6]!^=&6]!^= "T4F6]!^= SWH 6BBB@ HHHH KB\A-N\X+>6 MA(/RG/'M3+;4;>[D,<1EHH S](!6WG0N[ M[+B1078L>K.Y=A]HD(+'J<;L4Q%(Q3F62.SN)Y3'"R3 M.TI(:0[2 ,G"MC=TP!D?A%'?20W+I(MP(82\NS>&< *N0QW<@;LX!/WE'8BM M.STRVL !;^TKQ/J$&@Q>3;Q MW(LK-;B[DN)B'8$GA>#DX!ZUI2>+;CS9;F&SB.FP3QP2LTF)2S[>0N,8&X=Z MM7/ACP[;VT;3P>5!$!'\T[A2I;A6^;D;CP#5R7PYI4VHB^>U_?!E<@.P0LOW M25!P2/I1="LS$7Q5JLD\8CL+0Q37JZEK&FO: M0PK=*ES'+ \S"(LC*">!D^W'>NH30].C\K;;8\JX:Y3YVXD.2/LFP1((P(Y&0,@Y M"M@C<,\\YI-2T&&XTS4H+-4AGOE'F.V2I( X[<#'%%T%I%7PYK-UJ][?^;- M;2P0B,1FUR8R2"3\QY)Z9';BN52^U&.;[6+G4T U0Q-<27!>W">81M*9)]N@ MKK]!TB_TVXG>YNBT#JJQVXG>8(1G+;GY&?05(OA314NOM/V,F3S3-AIG9=^< MYVEL=?:BZ0K-HQ;SQK-:SS*+>WDCVS^24=CS&"?F.-IS@]#Q5TZ]JS/9VL5E M:&]N8&N<-,VQ8QC SC[QS]*MOX1T20$/:,R[G*KY\@";@0P4;N 55MI4%>^XUH7UQ,GC+28%FD6&2WG+1A MB%8C;@D=#BK5YX?TV_NS42 MR.KE&3(YP00:+H=F)57*1L3Q@]A[UJ^&9 M3>V.I64EUJ2R(Y1DNF_?6^Y>,/DY]0>U:3^'-(DTR/3_ +&HMHVWH%8AE;^\ M&SG/OFI]+TNQTJV,=A$%1VWLVXL7/J6))-#:L"3NZ9D<&//S#OR:O7GBK4+..SB>R@^U7,33A5,DBJ@QM'RJ3N.?3 K??1["1 M+Y6@RM]_Q\#>WS\8]>./3%,O-#T^^C@2:%OW"[(VCE9&5>A&Y2#@@4706?0P M;[QG+:P17 M(T00I+/#(S>:NXX(P%PN/5L9JQ8^)[FYU:2TGMH8,>;MB=G64 M;.AY4!@0,_*3BKMUX:T27+3VX5'C6!E$S(K@'"@@$ D$\'KDT^T\/Z187J20 MQ$2A7,:/,SA ?OE58D#.1G'K[T:!9F3<>+YX=/L;D6L1-Q8279&XX#* +YKJ.+2 M8XWN@TMT$D2SF,;/\AX!R._K6'::A=(\<-Q->,\>I-"D4\Q\R)3&2-[#A^G' M7ZUUUW'H?B Q6TUQ!D6Z1+%9@".7SE)=B=^,9 M))R>/7-"=D#3;.2LM5O;:VT"Y47%VXTZ>0PAR3*PQC/7)_.NH\/:U)J\=QYO MV??"RC]RS=",\JP##OUZTY_"VC/;06[69,4"ND:F5_E5NHZ]/Y=L5;T_2;33 M!*;9'WRD&2221I'?' R6)/%#:&DT9>A)/;:SK4%Q>W%WY?DMNE.3DJ2< < > MPHU"[&KVPC@FU&T,;;C"(VMI;G@X1&?'IDXK:BLX(;J>YC3$UQM\ULGYMHP. M.W'I4.I:59ZM"D5Y$7"-N1E8JR'U!!!%*^H[:&7X8NI[CPKOGN'EG0RHS.27 M0ACA23U(&.:Y"PUO4O\ A&WTU[ZX>^NC'+!.TA,BQ%2SD'KQY;C\17H]II]I M860L[6$1VX!&P$]^O/4GWJI%X=TJ$P&.T ,$#6\9WL=L9SD=?<\]>:=T)IG- MV7B?4(=&A,,$=S]CL(KF[DN)B'<,#]W@Y. >35F;Q=>I<7$L=E UC;SPQ.S2 M$2$2!2,#&.,^M:TWA31IU@5[0[88Q$JK*X#(.0K<_,/KFK$FA:;*+@/; BXD M264!V&YDQM/!XQ@=*+H+,XL:IXAGN+?S9+=G76)($5964$@-\IPO*#C'4FNQ MT'5)-6T]IIX5BFCF>&14;*[E.,@GM2KX>TM;TW8MB)C/]HSYKX\SD;MN<9Y/ M:K=G8VUA&\=K'Y:/(TK#<3EF.2>:&TP2:+%%%%2407$D"R01S9W._P"[ !/( M^G3\:J11:=]HFMUWEGW(0Q?;SRRJ3P/4@?TXMW4;R>3L&=LJL?I5.<74EU(5 MMI$" I ^4V@MP9#SGZ#'3/KPQ#X)]/BNF\IF\R5L%L.5R23C)X&3D]LY'J*M M0W4,\+31O^[4D%F!7&.O6J9TO0B$^:$ P0"0.N/0XZ9[XI^FQ2112EUE7?)N7S2"Y M&!]XCZ'\ * +;NL:,['"J,D^U1"[@-ND^_$;XVEE(/Y'D?TJ>L^""51$)(B5 M@1F"Y'S.21Q]!G_OJD,D&J6A0,'D.<87R7W'C.=N,X]\8J1[ZWCB\PR939YF M54M\O8\>N>/6LI[>ZF*S2VUU'(Q)?R70.O&%53N^Z!G/N<^N+EG;3+8R>;&% MF:,1A!C "C [8SD_C3%IP.![G%6*Q[ZRFFMQ#&DP M::#R'9&7;_P+/.!D_=YZ^U;%(".>>.WCWR$@9"C"EB2>P Y-1-?VR0+,TGR, M"1\ISQUXZ^WUXZTMX\Z6Y-O"9920%''R_P"UR1G'IWJI##)!$\B6LC-%'LBB M=EW.3RQ)SCDXS]#3 L_VA;[ P:0Y8KM$3%@1URN,C\J?->00*6D9AA-Y 0D@ M9QT SWZ?7TJ@;9OLT;26MT\N]F?RY51R2.O#=.@Z\ "IK6WN?L4K7/S7+QB, MGUVC'ZG];%(".:>.W0/(2 2% "EB2>P Y-1-?VRVZ3F7]VX)!VG M/'7C&?;Z\=:?=%Q#\D;OS@[& 8#U&>_^?:J%K!<6]N[FV,CPH4AB++ELG.2> MF3\N?=2>],"VNHVS,%4R%B<%1$^5^HQQ^-/FO8("1(Y&"JG"DX)Z=!_^JLN2 MTG\K06 ;E?;G@8],W#;ROI\N4_?S-YC+GIR,#\ /PH ML->0)<"!G.\X'W20">@)Q@$^A]O6IZR[NUEEO0J),(WECE<[E\L["#D_Q9^4 M#CCI[UJ4AA1110!'Y\6Z1=XS& 7]%[\GZ57_ +4LQG,C# ZF-@"<9P#CD\]! MS6=#I^H)>W*SF.2&Y5 [KD9^9RW!/]TA?Q7TJQ'85R\MW"T#3!B$4X;*D$'TP1G/MWR*:;^V'F?.V8W", C$ECV M QS^&>]4[6UG+9E63;+/Y[^85W?*JJH.WC.0#QZ5)WLE23.\L[MD@G+ M,6YQQGGMQ5B1=\;+C.01C.*0R.*ZBFC,BEE0#)9T9!CUY XJ)=2M68JK2$_] MG7KZ&J<%M<-&\7E3QV\NQ"DTF\J!G>>IX(PO'UJ<^>U\\C6&1E.[TP1FF?VE:F(2!W*EBH M B8DD=>,9Q[]*9;VLD;P))\PA0NS?WY6SDC_ ,>_[Z]JAF@GC+2I'.9/-?:8 M63.UL==W&"0/<8H TU970,I!5AD$="*6H+* VMC;VY()BB5,CIP,5/2&%0"[ M@-P8 Q\P''W3C.,XSC&<L3[+>17,WDK.&:9F\PR#R]C#C"YZ@D'I_">> M10)FB-1M6E6,2$LQP#L;;GG'.,/44Z.]MY7=5DY0$DLI48!P2">"!ZB MJLUN_G6\44#K' ZE"&!0J, [AUR!T]\'/7%>.UN76VMVMRB11FWD65V",P\H ;& ;<&R,9[\9YXI=-ADC2>27S-TTOF8DQNQM51G;Q_#VH N MT444AA1110 4444 %%%% !1110!%<_\ 'K-_N-_*O,["[U!=%86^HW%NEGI* MW*)$5P7W-UR#Q7J-5I[Z"&VN9PZR?9T9I%1@2, G'L>*:=B6KGGFJ:K<7R7: MWFI2QS+/;"*Q"@(\9*-NZ9Z\YS[=ZN:IK&J#Q%=P&_6T6.=5CC>;;NB(Y(38 M2V>3NR,8]J[>6\@CC\U663$J0G802"S!<'\33CYNK74&U/5)[<16F;>0)@M#D_O\ '.6.!_DUTLK--;:0D5W* MTH'I4-OJ5K=MBWD63]X8SM M8<8!YZ]..W^-)L:1F0R74*02K/-/*]Q/!L=AA@@DV\>O[L<^YJ*WOI4MY)_M MBNHM&DDV3>8P?C#8*@)U;CITXX-;PN(#OQ-&=AVOAA\I]#Z4GVBV6'S_ #HA M$Q_UFX;2>G6BX['/&_;SVMQ>PA 5;:;MOFR&R!+MSU ./KSVJ2?5O*L+N5[I MHR=.5X3(0&9_WF2,<$\+T]O6NAVJ4 P"O88XI2 2"0,CI1<+&-/).BG;GL>@KI: M38NW;M&WKC%%PL94MTSZ';S"?RR^P%YFV;AGG+*,#/J/7BJMO_I]Y9CSYU58 M;E2RR DX>/&''4#UZG'/>N@(!!!&0>U &!@=*+A8YH7\LFGB>YO'AG6SCE@" ML%\QRN2D(# A@"#U!HN%C%TMKB>^;SKQI$BA1D$;Y5LR2@$G W?*%'H<9 MYXJ*PCGG335DOKH_:;(S2'?@EQLP1QQ]\\=#@?CT%%%PL9$L[W'AVSNI3\Q^ MS32'' =&8_0#)IYO+:;5HIH[B)HH8'5W#@J"[)M&>F3M/%:E( %& ![4!8 MP+V>.W.H[)X6+MF6SN%^>0[0 $(.<, ,<'G\JWDD24$QNK@,5)4YP1P1]:4J M"P8@9'0^E+0!C7$DD5EXADB<\T7"QS<>I2B6!I;I/-$D4^7_;=;BMK6^/D$QAS X/5)R1GMG:OY"K0FG&I#3_,?(D\_?ZQ>F?\ ?XQZ M"M0 8 'M445LL<\LQ=WDDP"6QPHSA1CL,GWYHN%B:BBBD,**** "BBB@ H MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** M "BBB@ HHHH **** "BBB@ HHHH 9,C/!(B/L=E(5O[IQUK N+"XN+%X8; P MNEA+;D%E D9E&%!!Z9R>7SX;)H%7R5,9* OLE5NQQ@ M''/>H'ANH[I8D@WR;;EBI17 5Y<@X+*.1[GW%='44UK;W)7SX(I=O3>@;'YT M7"Q@00SR"%H()WB66)T;,8W(H4%F)^8M@$'I^/>PNGW DV1P^25NY)!,-N-K M1R $0 M K'G^IJ>>RF2>>1()0#=>9&T!3(!B5<[6X(R&'K6W11<+%>P22.P@26-(W5 M"B# 7VP*L444AA1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4 M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11 M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4 M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11 M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4 B444 %%%% !1110 4444 %%%% !1110 4444 %%%% '__V0$! end GRAPHIC 21 g154136img3e9283415.jpg GRAPHIC begin 644 g154136img3e9283415.jpg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

GRAPHIC 22 g154136img4e3bed6d6.jpg GRAPHIC begin 644 g154136img4e3bed6d6.jpg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g154136img58a44efd3.jpg GRAPHIC begin 644 g154136img58a44efd3.jpg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end GRAPHIC 24 g154136img9dfd29741.jpg GRAPHIC begin 644 g154136img9dfd29741.jpg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end GRAPHIC 25 g154720img08a350542.jpg GRAPHIC begin 644 g154720img08a350542.jpg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�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end GRAPHIC 26 g154720img14ee522f4.jpg GRAPHIC begin 644 g154720img14ee522f4.jpg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end GRAPHIC 27 g154720img6b7e20605.jpg GRAPHIC begin 644 g154720img6b7e20605.jpg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end GRAPHIC 28 g154720img79a7e2526.jpg GRAPHIC begin 644 g154720img79a7e2526.jpg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ⅅ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end GRAPHIC 29 g154720imga548ad7d1.jpg GRAPHIC begin 644 g154720imga548ad7d1.jpg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end GRAPHIC 30 g154720imga74e00653.jpg GRAPHIC begin 644 g154720imga74e00653.jpg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end GRAPHIC 31 g20902img5c2ff12c4.jpg GRAPHIC begin 644 g20902img5c2ff12c4.jpg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end GRAPHIC 32 g20902img663c9c1b5.jpg GRAPHIC begin 644 g20902img663c9c1b5.jpg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end GRAPHIC 33 g20902img933eeaab3.jpg GRAPHIC begin 644 g20902img933eeaab3.jpg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end GRAPHIC 34 g20902img99c190d62.jpg GRAPHIC begin 644 g20902img99c190d62.jpg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�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end GRAPHIC 35 g20902img9e1e54d76.jpg GRAPHIC begin 644 g20902img9e1e54d76.jpg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end GRAPHIC 36 g20902imga75237f21.jpg GRAPHIC begin 644 g20902imga75237f21.jpg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end