Effective December 1, 2025, Drew Hayes will no longer serve as a portfolio manager for the Schwab funds below:
Schwab MarketTrack All Equity Portfolio
Schwab MarketTrack Balanced Portfolio
Schwab MarketTrack Conservative Portfolio
Schwab MarketTrack Growth Portfolio
Schwab Balanced Fund
Schwab Monthly Income Fund – Flexible Payout
Schwab Monthly Income Fund – Income Payout
Schwab Monthly Income Fund – Target Payout
Schwab Target 2010 Fund
Schwab Target 2010 Index Fund
Schwab Target 2015 Fund
Schwab Target 2015 Index Fund
Schwab Target 2020 Fund
Schwab Target 2020 Index Fund
Schwab Target 2025 Fund
Schwab Target 2025 Index Fund
Schwab Target 2030 Fund
Schwab Target 2030 Index Fund
Schwab Target 2035 Fund
Schwab Target 2035 Index Fund
Schwab Target 2040 Fund
Schwab Target 2040 Index Fund
Schwab Target 2045 Fund
Schwab Target 2045 Index Fund
Schwab Target 2050 Fund
Schwab Target 2050 Index Fund
Schwab Target 2055 Fund
Schwab Target 2055 Index Fund
Schwab Target 2060 Fund
Schwab Target 2060 Index Fund
Schwab Target 2065 Fund
Schwab Target 2065 Index Fund
Schwab VIT Balanced Portfolio
Schwab VIT Balanced with Growth Portfolio
Schwab VIT Growth Portfolio
Zifan Tang and Patrick Kwok will continue to serve as portfolio managers for the funds.