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      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>94105</regZipOrPostalCode>
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        <name>Schwab U.S. REIT ETF</name>
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        <name>Schwab U.S. Small-Cap ETF</name>
        <lei>5493003UKSEZNILT8D61</lei>
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      <invstOrSec>
        <name>Schwab Short-Term U.S. Treasury ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <valUSD>2755909.81000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees. The fund does not have sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>SCHWAB ANNUITY PORTFOLIOS</ncom:nameOfApplicant>
      <ncom:signature>Dana Smith</ncom:signature>
      <ncom:signerName>Dana Smith</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
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</edgarSubmission>
