nvq

Schwab Strategic Trust
Schwab U.S. Broad Market ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.


				Cost		Value
				($)		($)
Holdings by Category
	99.6	%	Common Stock		233,630,433		226,549,327
	0.2	%	Other Investment Company		394,447		394,447
	—	%	Rights		—		518
	99.8	%	Total Investments		234,024,880		226,944,292
	0.2	%	Other Assets and Liabilities, Net				471,277
	100.0	%	Net Assets				227,415,569


	Number		Value
Security	of Shares		($)
Common Stock 99.6% of net assets

Automobiles & Components 0.8%

BorgWarner, Inc. *		2,262		84,282
Cooper Tire & Rubber Co.		1,740		32,904
Dana Holding Corp. *		2,958		32,124
Federal-Mogul Corp. *		1,218		21,023
Ford Motor Co. *		63,162		740,890
Gentex Corp.		2,610		51,365
Harley-Davidson, Inc.		4,524		136,670
Johnson Controls, Inc.		12,702		362,388
Lear Corp. *		522		35,324
Tenneco, Inc. *		1,044		23,135
The Goodyear Tire & Rubber Co. *		5,568		66,259
Thor Industries, Inc.		870		25,369
TRW Automotive Holdings Corp. *		1,740		52,339
WABCO Holdings, Inc. *		1,218		37,027
				1,701,099

Banks 3.6%

Associated Banc-Corp		2,784		37,389
Astoria Financial Corp.		2,784		41,426
BancorpSouth, Inc.		1,392		26,991
Bank of Hawaii Corp.		870		41,786
BB&T Corp.		13,050		394,632
Beneficial Mutual Bancorp, Inc. *		2,958		30,497
BOK Financial Corp.		696		35,183
CapitalSource, Inc.		8,178		37,128
Capitol Federal Financial		870		27,840
City National Corp.		870		50,182
Comerica, Inc.		2,958		112,700
Commerce Bancshares, Inc.		1,218		45,273
Community Bank System, Inc.		696		15,904
Cullen/Frost Bankers, Inc.		1,044		57,295
CVB Financial Corp.		3,480		34,556
East West Bancorp, Inc.		1,740		29,580
F.N.B. Corp.		3,828		31,351
Fannie Mae *		26,970		26,431
Fifth Third Bancorp		15,312		198,903
First Citizens BancShares, Inc., Class A		174		34,800
First Financial Bancorp		2,088		33,189
First Financial Bankshares, Inc.		522		26,194
First Horizon National Corp. *		4,216		52,489
First Niagara Financial Group, Inc.		3,480		45,971
FirstMerit Corp.		1,566		29,190
Freddie Mac *		13,746		17,045
Fulton Financial Corp.		3,306		32,895
Glacier Bancorp, Inc.		2,088		33,116
Hancock Holding Co.		696		26,608
Home Bancshares, Inc.		574		13,540
Hudson City Bancorp, Inc.		9,222		116,289
Huntington Bancshares, Inc.		13,398		82,532
IBERIABANK Corp.		348		19,116
International Bancshares Corp.		1,740		34,365
Investors Bancorp, Inc. *		2,610		35,653
Kearny Financial Corp.		2,784		24,471
KeyCorp		17,400		139,548
M&T Bank Corp.		1,392		110,302
Marshall & Ilsley Corp.		9,396		76,577
MB Financial, Inc.		1,566		34,217
MGIC Investment Corp. *		2,610		24,430
National Penn Bancshares, Inc.		4,350		30,406
NBT Bancorp, Inc.		1,218		26,735
New York Community Bancorp, Inc.		8,178		131,257
NewAlliance Bancshares, Inc.		2,436		28,672
Northfield Bancorp, Inc.		1,044		15,180
Northwest Bancshares, Inc.		2,610		30,354
Ocwen Financial Corp. *		2,436		29,622
Old National Bancorp		2,610		29,963
PacWest Bancorp		870		18,131
Park National Corp.		522		33,773
People’s United Financial, Inc.		6,612		92,370
PNC Financial Services Group, Inc.		9,918		622,354
Popular, Inc. *		12,180		36,905
PrivateBancorp, Inc.		1,566		20,749
Prosperity Bancshares, Inc.		870		31,355
Provident Financial Services, Inc.		1,392		17,205
Regions Financial Corp.		23,316		177,901
Signature Bank *		870		32,921
SunTrust Banks, Inc.		9,570		257,911
SVB Financial Group *		696		31,222
Synovus Financial Corp.		12,354		36,568
TCF Financial Corp.		2,262		36,509
TFS Financial Corp.		2,436		32,253
Trustmark Corp.		1,392		31,139
U.S. Bancorp		36,714		879,667
UMB Financial Corp.		696		27,109
Umpqua Holdings Corp.		2,784		34,967
United Bankshares, Inc.		1,392		37,473
Valley National Bancorp		2,739		39,595
Washington Federal, Inc.		2,088		36,081
Webster Financial Corp.		2,262		43,317
Wells Fargo & Co.		94,134		2,700,704
Westamerica Bancorp		522		29,060
Whitney Holding Corp.		3,480		41,238
Wilmington Trust Corp.		2,088		31,487
Wintrust Financial Corp.		870		31,024
Zions Bancorp		2,610		62,509
				8,143,270

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Capital Goods 8.0%

3M Co.		12,354		979,796
A.O. Smith Corp.		696		32,448
AAR CORP. *		696		13,711
Actuant Corp., Class A		1,566		31,665
Acuity Brands, Inc.		870		35,783
Aecom Technology Corp. *		1,914		48,577
Aerovironment, Inc. *		522		13,071
AGCO Corp. *		1,740		50,060
Aircastle Ltd.		1,566		15,425
Alliant Techsystems, Inc. *		696		47,878
American Science & Engineering, Inc.		174		12,192
American Superconductor Corp. *		870		26,674
AMETEK, Inc.		2,088		84,773
Applied Industrial Technologies, Inc.		1,392		38,391
Armstrong World Industries, Inc. *		696		26,093
Badger Meter, Inc.		348		13,770
Baldor Electric Co.		1,044		37,511
Barnes Group, Inc.		1,566		29,316
BE Aerospace, Inc. *		2,088		56,627
Beacon Roofing Supply, Inc. *		870		18,270
Belden, Inc.		1,044		27,040
Brady Corp., Class A		870		25,300
Briggs & Stratton Corp.		1,392		28,717
Bucyrus International, Inc.		1,392		74,556
Carlisle Cos., Inc.		1,218		47,368
Caterpillar, Inc.		12,006		729,485
CLARCOR, Inc.		1,044		37,855
Crane Co.		1,044		33,961
Cubic Corp.		696		25,320
Cummins, Inc.		3,480		236,570
Curtiss-Wright Corp.		870		28,814
Danaher Corp.		4,698		372,927
Deere & Co.		8,004		461,671
DigitalGlobe, Inc. *		1,218		34,067
Donaldson Co., Inc.		1,392		60,065
Dover Corp.		3,480		156,217
DynCorp International, Inc., Class A *		1,566		26,794
Eaton Corp.		3,132		219,083
EMCOR Group, Inc. *		1,218		30,413
Emerson Electric Co.		14,442		670,686
EnerSys *		1,218		27,405
ESCO Technologies, Inc.		696		18,214
Esterline Technologies Corp. *		696		37,347
Fastenal Co.		2,610		131,648
First Solar, Inc. *		870		97,753
Flowserve Corp.		1,044		99,284
Fluor Corp.		3,480		163,282
Franklin Electric Co., Inc.		522		15,222
Gardner Denver, Inc.		1,044		47,544
GATX Corp.		1,044		30,182
General Dynamics Corp.		6,264		425,326
General Electric Co.		202,710		3,314,308
Goodrich Corp.		2,436		169,058
Graco, Inc.		1,218		38,598
GrafTech International Ltd. *		2,436		40,462
Granite Construction, Inc.		1,044		30,955
Griffon Corp. *		1,218		14,787
GT Solar International, Inc. *		2,436		13,301
Harsco Corp.		1,566		42,611
HEICO Corp., Class A		1,085		32,561
Hexcel Corp. *		2,436		38,903
Honeywell International, Inc.		13,398		573,032
Hubbell, Inc., Class B		1,044		44,527
IDEX Corp.		1,566		47,826
II-VI, Inc. *		1,044		34,995
Illinois Tool Works, Inc.		8,178		379,705
Insituform Technologies, Inc., Class A *		696		14,240
ITT Corp.		3,480		168,014
Jacobs Engineering Group, Inc. *		2,436		101,727
Joy Global, Inc.		2,088		106,488
Kaman Corp.		522		12,784
Kaydon Corp.		870		32,660
KBR, Inc.		3,132		68,841
Kennametal, Inc.		1,566		44,177
L-3 Communications Holdings, Inc.		2,262		186,909
Lennox International, Inc.		1,044		46,719
Lincoln Electric Holdings, Inc.		696		38,837
Lockheed Martin Corp.		5,916		472,807
Masco Corp.		7,308		97,562
MasTec, Inc. *		2,262		26,307
McDermott International, Inc. *		4,524		100,342
Moog, Inc., Class A *		1,044		34,462
MSC Industrial Direct Co., Class A		870		45,014
Mueller Industries, Inc.		1,044		27,676
Mueller Water Products, Inc., Class A		2,610		11,301
Navistar International Corp. *		1,044		56,564
Nordson Corp.		522		34,781
Northrop Grumman Corp.		5,568		336,808
Orbital Sciences Corp. *		1,044		16,568
Oshkosh Corp. *		1,740		61,822
Otter Tail Corp.		1,218		24,104
Owens Corning, Inc. *		1,914		63,794
PACCAR, Inc.		6,612		271,092
Pall Corp.		2,262		77,021
Parker Hannifin Corp.		3,132		192,493
Pentair, Inc.		1,914		65,765
Precision Castparts Corp.		2,784		324,893
Quanex Building Products Corp.		696		13,871
Quanta Services, Inc. *		3,828		79,354
Raytheon Co.		7,308		383,012
Regal-Beloit Corp.		696		41,962
Robbins & Myers, Inc.		1,218		26,906
Rockwell Automation, Inc.		2,784		148,749
Rockwell Collins, Inc.		2,958		172,570
Roper Industries, Inc.		1,740		100,955
RSC Holdings, Inc. *		1,914		13,991
Simpson Manufacturing Co., Inc.		1,044		30,506
Snap-On, Inc.		1,044		46,145
Spirit AeroSystems Holdings, Inc., Class A *		1,914		37,285
SPX Corp.		1,044		61,700
Stanley, Inc. *		522		19,283
Teledyne Technologies, Inc. *		870		34,200
Terex Corp. *		2,262		49,221
Textainer Group Holdings Ltd.		870		21,359
Textron, Inc.		5,394		111,494
The Boeing Co.		12,528		804,047
The Manitowoc Co., Inc.		2,958		35,289
The Middleby Corp. *		522		29,394
The Shaw Group, Inc. *		1,566		53,416
The Timken Co.		1,566		45,085
The Toro Co.		696		37,229
Thomas & Betts Corp. *		1,044		40,027
TransDigm Group, Inc.		696		36,721
Trinity Industries, Inc.		1,566		34,217
Triumph Group, Inc.		522		36,232

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Tutor Perini Corp. *		1,392		31,042
Tyco International Ltd.		—		12
United Technologies Corp.		16,704		1,125,516
Universal Forest Products, Inc.		348		12,893
URS Corp. *		1,566		69,812
USG Corp. *		2,088		36,582
Valmont Industries, Inc.		348		27,569
W.W. Grainger, Inc.		1,218		123,931
Wabtec Corp.		870		37,715
Watsco, Inc.		522		30,563
Watts Water Technologies, Inc., Class A		870		28,188
WESCO International, Inc. *		1,044		39,046
Woodward Governor Co.		1,044		29,963
				18,147,400

Commercial & Professional Services 1.0%

ABM Industries, Inc.		1,392		29,886
Avery Dennison Corp.		2,088		71,368
Cintas Corp.		2,436		63,336
Clean Harbors, Inc. *		522		33,090
Copart, Inc. *		1,392		49,973
Corrections Corp. of America *		2,088		41,551
CoStar Group, Inc. *		696		28,376
Covanta Holding Corp. *		2,610		40,272
Deluxe Corp.		2,088		44,829
EnergySolutions, Inc.		3,306		20,663
EnerNOC, Inc. *		870		24,447
Equifax, Inc.		2,436		73,689
FTI Consulting, Inc. *		1,044		44,641
Healthcare Services Group, Inc.		1,392		27,993
Herman Miller, Inc.		1,740		33,460
HNI Corp.		1,044		32,009
IHS, Inc., Class A *		870		45,031
Iron Mountain, Inc.		3,480		85,330
Korn/Ferry International *		1,740		24,325
M&F Worldwide Corp. *		348		10,847
Manpower, Inc.		1,392		63,628
Mine Safety Appliances Co.		1,044		28,564
Monster Worldwide, Inc. *		2,610		38,602
Navigant Consulting, Inc. *		1,218		14,762
Pitney Bowes, Inc.		4,002		90,605
R.R. Donnelley & Sons Co.		4,002		76,678
Republic Services, Inc.		5,916		172,274
Resources Connection, Inc. *		1,566		25,275
Robert Half International, Inc.		2,958		74,808
Rollins, Inc.		1,392		29,594
Steelcase, Inc., Class A		4,872		40,827
Stericycle, Inc. *		1,566		91,799
Sykes Enterprises, Inc. *		1,218		21,023
Tetra Tech, Inc. *		1,044		23,662
The Brink’s Co.		1,044		23,668
The Corporate Executive Board Co.		1,044		33,815
The Dun & Bradstreet Corp.		1,044		76,202
The Geo Group, Inc. *		1,218		25,700
Towers Watson & Co., Class A		870		40,020
TrueBlue, Inc. *		1,044		13,875
United Stationers, Inc. *		522		30,495
Verisk Analytics, Inc., Class A *		1,566		47,372
Waste Connections, Inc. *		1,566		55,139
Waste Management, Inc.		8,874		288,494
				2,251,997

Consumer Durables & Apparel 1.4%

American Greetings Corp., Class A		1,218		28,720
Brunswick Corp.		2,958		51,676
Carter’s, Inc. *		1,218		37,222
Coach, Inc.		6,264		257,513
Columbia Sportswear Co.		696		35,621
D.R. Horton, Inc.		5,568		67,874
Deckers Outdoor Corp. *		348		50,363
Eastman Kodak Co. *		8,004		45,143
Fortune Brands, Inc.		2,958		140,357
Fossil, Inc. *		1,044		39,150
Garmin Ltd.		2,262		75,958
Hanesbrands, Inc. *		1,740		47,467
Harman International Industries, Inc. *		1,218		39,341
Hasbro, Inc.		2,262		90,819
Iconix Brand Group, Inc. *		2,436		39,585
Jarden Corp.		1,566		45,586
Jones Apparel Group, Inc.		1,740		34,174
KB HOME		1,914		27,715
Leggett & Platt, Inc.		3,132		72,913
Lennar Corp., Class A		2,958		51,173
M.D.C Holdings, Inc.		870		27,301
Mattel, Inc.		7,134		154,522
Mohawk Industries, Inc. *		1,044		58,631
Newell Rubbermaid, Inc.		5,568		92,763
NIKE, Inc., Class B		5,220		377,824
NVR, Inc. *		174		119,239
Phillips-Van Heusen Corp.		1,044		57,138
Polaris Industries, Inc.		696		40,855
Polo Ralph Lauren Corp.		1,044		90,682
Pool Corp.		1,566		37,568
Pulte Homes, Inc. *		6,612		73,658
Skechers U.S.A., Inc., Class A *		696		26,225
Stanley Black & Decker, Inc.		2,867		159,950
Tempur-Pedic International, Inc. *		1,566		51,991
The Ryland Group, Inc.		1,566		29,128
The Timberland Co., Class A *		870		16,713
The Warnaco Group, Inc. *		870		37,053
Toll Brothers, Inc. *		2,610		54,993
Tupperware Brands Corp.		1,218		51,753
Under Armour, Inc., Class A *		1,044		35,172
UniFirst Corp.		348		15,660
VF Corp.		1,740		134,589
Whirlpool Corp.		1,392		145,381
Wolverine World Wide, Inc.		1,044		29,963
				3,197,122

Consumer Services 2.3%

Ameristar Casinos, Inc.		1,740		31,355
Apollo Group, Inc., Class A *		2,436		129,498
Bally Technologies, Inc. *		1,044		44,370
Bob Evans Farms, Inc.		1,044		30,318
Boyd Gaming Corp. *		3,480		45,832
Bridgepoint Education, Inc. *		1,914		41,285
Brinker International, Inc.		2,262		40,218
Buffalo Wild Wings, Inc. *		696		25,682
Burger King Holdings, Inc.		1,740		33,077
Capella Education Co. *		348		29,897
Career Education Corp. *		1,218		34,104
Carnival Corp.		8,178		296,289
Chipotle Mexican Grill, Inc. *		522		74,270
Choice Hotels International, Inc.		870		28,980

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Coinstar, Inc. *		870		46,684
Corinthian Colleges, Inc. *		1,566		20,969
Cracker Barrel Old Country Store, Inc.		522		26,011
Darden Restaurants, Inc.		2,610		111,969
DeVry, Inc.		1,218		70,023
Education Management Corp. *		696		14,706
Gaylord Entertainment Co. *		696		18,507
Grand Canyon Education, Inc. *		870		21,367
H&R Block, Inc.		6,438		103,523
Hillenbrand, Inc.		1,392		33,812
Hyatt Hotels Corp., Class A *		696		28,160
International Game Technology		5,916		115,776
International Speedway Corp., Class A		1,044		29,117
ITT Educational Services, Inc. *		696		70,254
Jack in the Box, Inc. *		1,392		31,236
Las Vegas Sands Corp. *		8,700		204,276
Life Time Fitness, Inc. *		1,218		45,200
Lincoln Educational Services Corp. *		174		4,146
Marriott International, Inc., Class A		5,916		197,890
Matthews International Corp., Class A		696		22,536
McDonald’s Corp.		20,880		1,396,246
MGM MIRAGE *		5,046		62,873
Orient-Express Hotels Ltd., Class A *		1,740		17,557
P.F. Chang’s China Bistro, Inc.		348		15,128
Panera Bread Co., Class A *		522		42,193
Penn National Gaming, Inc. *		1,218		31,181
Regis Corp.		1,740		31,999
Royal Caribbean Cruises Ltd. *		2,610		75,690
Scientific Games Corp., Class A *		2,088		21,339
Service Corp. International		4,872		41,607
Sotheby’s		1,914		62,205
Starbucks Corp.		14,094		364,894
Starwood Hotels & Resorts Worldwide, Inc.		3,306		152,903
Strayer Education, Inc.		348		83,520
The Cheesecake Factory, Inc. *		1,392		35,496
Vail Resorts, Inc. *		696		28,961
Weight Watchers International, Inc.		1,044		28,626
Wendy’s/Arby’s Group, Inc., Class A		7,134		32,174
WMS Industries, Inc. *		1,044		48,369
Wyndham Worldwide Corp.		3,480		82,128
Wynn Resorts Ltd.		1,392		116,761
Yum! Brands, Inc.		8,874		363,390
				5,236,577

Diversified Financials 6.8%

Affiliated Managers Group, Inc. *		696		49,868
American Express Co.		20,358		811,674
AmeriCredit Corp. *		1,566		33,857
Ameriprise Financial, Inc.		4,872		193,857
Artio Global Investors, Inc.		1,044		19,304
Bank of America Corp.		190,356		2,996,203
Bank of New York Mellon Corp.		22,968		624,730
BlackRock, Inc.		870		146,056
Capital One Financial Corp.		8,874		366,496
Cash America International, Inc.		870		32,147
CIT Group, Inc. *		3,306		121,628
Citigroup, Inc. *		393,588		1,558,609
CME Group, Inc.		1,218		385,680
Cohen & Steers, Inc.		1,392		33,686
Credit Acceptance Corp. *		522		24,884
Discover Financial Services		10,440		140,418
Duff & Phelps Corp., Class A		1,566		21,125
ETRADE Financial Corp.		34,104		50,474
Eaton Vance Corp.		2,262		67,611
Federated Investors, Inc., Class B		1,914		42,510
Franklin Resources, Inc.		3,132		307,218
GAMCO Investors, Inc., Class A		348		13,791
Greenhill & Co., Inc.		522		36,169
IntercontinentalExchange, Inc. *		1,392		161,653
Invesco Ltd.		8,352		155,013
Investment Technology Group, Inc. *		1,044		17,602
Janus Capital Group, Inc.		3,480		37,097
Jefferies Group, Inc.		2,088		48,713
JPMorgan Chase & Co.		75,516		2,988,923
KBW, Inc. *		870		21,828
Knight Capital Group, Inc., Class A *		1,740		25,421
Legg Mason, Inc.		3,132		93,083
Leucadia National Corp. *		3,828		83,910
MF Global Holdings Ltd. *		3,828		29,476
Moody’s Corp.		3,480		71,340
Morgan Stanley		23,838		646,248
MSCI, Inc., Class A *		1,914		56,750
Northern Trust Corp.		4,698		238,705
NYSE Euronext		5,046		144,669
optionsXpress Holdings, Inc. *		1,740		27,927
PHH Corp. *		1,740		38,367
PICO Holdings, Inc. *		870		28,962
Piper Jaffray Cos., Inc. *		522		17,283
Raymond James Financial, Inc.		1,914		54,109
Riskmetrics Group, Inc. *		1,740		37,636
SEI Investments Co.		3,132		66,054
SLM Corp. *		9,048		100,523
State Street Corp.		9,396		358,645
Stifel Financial Corp. *		522		26,450
T. Rowe Price Group, Inc.		4,872		241,261
TD Ameritrade Holding Corp. *		4,524		80,211
The Charles Schwab Corp. (a)		17,748		290,002
The Goldman Sachs Group, Inc.		8,352		1,204,860
The NASDAQ OMX Group, Inc. *		2,958		54,989
Waddell & Reed Financial, Inc., Class A		1,566		41,984
				15,567,689

Energy 9.9%

Alpha Natural Resources, Inc. *		3,132		120,175
Anadarko Petroleum Corp.		9,570		500,798
Apache Corp.		6,438		576,459
Arch Coal, Inc.		3,132		67,495
Arena Resources, Inc. *		696		22,884
Atlas Energy, Inc. *		1,566		48,358
Atwood Oceanics, Inc. *		1,044		28,345
Baker Hughes, Inc.		8,315		317,134
Berry Petroleum Co., Class A		1,044		32,093
Bill Barrett Corp. *		870		28,327
BPZ Resources, Inc. *		2,262		11,581
Brigham Exploration Co. *		2,958		50,818
Bristow Group, Inc. *		870		28,275
Cabot Oil & Gas Corp.		2,088		72,433
Cameron International Corp. *		4,872		176,366
CARBO Ceramics, Inc.		522		33,773
Chesapeake Energy Corp.		12,354		275,988
Chevron Corp.		38,454		2,840,597
Cimarex Energy Co.		1,740		127,855
Clean Energy Fuels Corp. *		1,218		18,173
CNX Gas Corp. *		522		19,961
Complete Production Services, Inc. *		1,566		20,374
Comstock Resources, Inc. *		870		25,961
Concho Resources, Inc. *		1,566		81,510

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
ConocoPhillips		25,230		1,308,428
CONSOL Energy, Inc.		3,480		126,950
Contango Oil & Gas Co. *		174		8,749
Continental Resources, Inc. *		696		32,823
Denbury Resources, Inc. *		7,531		123,885
Devon Energy Corp.		8,178		522,165
Diamond Offshore Drilling, Inc.		1,218		76,856
Dresser-Rand Group, Inc. *		1,740		55,384
Dril-Quip, Inc. *		522		25,427
El Paso Corp.		13,746		155,880
EOG Resources, Inc.		4,872		510,780
EXCO Resources, Inc.		3,306		57,029
Exterran Holdings, Inc. *		1,218		31,059
Exxon Mobil Corp.		90,480		5,470,421
FMC Technologies, Inc. *		2,436		141,653
Forest Oil Corp. *		2,088		55,624
Frontier Oil Corp.		2,088		29,044
Gulfport Energy Corp. *		1,740		22,846
Halliburton Co.		17,400		432,042
Helix Energy Solutions Group, Inc. *		1,914		20,843
Helmerich & Payne, Inc.		1,914		72,120
Hess Corp.		5,916		314,731
Holly Corp.		870		22,533
ION Geophysical Corp. *		3,306		17,952
Key Energy Services, Inc. *		3,306		31,605
Lufkin Industries, Inc.		348		27,746
Marathon Oil Corp.		13,746		427,363
Massey Energy Co.		1,740		57,629
Murphy Oil Corp.		3,654		195,051
Nabors Industries Ltd. *		5,742		109,270
National-Oilwell Varco, Inc.		8,178		311,827
Newfield Exploration Co. *		2,610		135,877
Noble Energy, Inc.		3,480		207,025
Occidental Petroleum Corp.		15,660		1,292,107
Oceaneering International, Inc. *		1,044		48,306
Oil States International, Inc. *		870		33,965
Overseas Shipholding Group, Inc.		696		26,928
Patriot Coal Corp. *		2,262		37,708
Patterson-UTI Energy, Inc.		3,132		43,942
Peabody Energy Corp.		5,394		210,150
Penn Virginia Corp.		1,218		26,662
Petrohawk Energy Corp. *		6,090		117,111
Pioneer Drilling Co. *		2,262		13,414
Pioneer Natural Resources Co.		2,262		144,089
Plains Exploration & Production Co. *		2,784		61,526
Pride International, Inc. *		3,132		77,580
Quicksilver Resources, Inc. *		2,436		29,744
Range Resources Corp.		3,132		140,783
Rosetta Resources, Inc. *		1,218		26,711
Rowan Cos., Inc. *		2,088		51,699
SandRidge Energy, Inc. *		3,480		22,411
Schlumberger Ltd.		22,968		1,289,653
SEACOR Holdings, Inc. *		348		25,397
Ship Finance International Ltd.		1,392		25,167
Smith International, Inc.		4,176		156,851
Southern Union Co.		1,914		41,668
Southwestern Energy Co. *		6,612		248,677
Spectra Energy Corp.		12,354		247,204
St. Mary Land & Exploration Co.		1,218		52,666
Sunoco, Inc.		2,262		67,566
Superior Energy Services, Inc. *		1,566		34,076
Swift Energy Co. *		696		19,244
Teekay Corp.		1,392		35,120
Tesco Corp. *		1,566		17,586
Tesoro Corp.		2,784		32,573
TETRA Technologies, Inc. *		696		7,002
The Williams Cos., Inc.		11,136		219,936
Tidewater, Inc.		1,044		43,650
Ultra Petroleum Corp. *		2,958		136,127
Unit Corp. *		870		35,574
Valero Energy Corp.		10,788		201,520
Whiting Petroleum Corp. *		1,044		87,393
World Fuel Services Corp.		1,044		27,175
XTO Energy, Inc.		11,136		475,953
				22,596,964

Food & Staples Retailing 2.3%

BJ’s Wholesale Club, Inc. *		1,044		41,833
Casey’s General Stores, Inc.		870		32,077
Costco Wholesale Corp.		8,352		486,504
CVS Caremark Corp.		27,144		939,997
Nash Finch Co.		348		12,566
PriceSmart, Inc.		696		16,711
Rite Aid Corp. *		21,924		25,213
Ruddick Corp.		1,044		34,473
Safeway, Inc.		7,830		173,356
SUPERVALU, Inc.		348		4,688
Sysco Corp.		11,136		331,964
The Andersons, Inc.		522		17,085
The Kroger Co.		11,658		234,675
United Natural Foods, Inc. *		1,044		32,416
Wal-Mart Stores, Inc.		41,934		2,120,183
Walgreen Co.		18,966		607,671
Weis Markets, Inc.		696		23,504
Whole Foods Market, Inc. *		2,262		91,453
Winn-Dixie Stores, Inc. *		2,436		27,283
				5,253,652

Food, Beverage & Tobacco 5.0%

Altria Group, Inc.		39,324		797,884
Archer-Daniels-Midland Co.		11,136		281,407
Brown-Forman Corp., Class B		2,088		115,800
Bunge Ltd.		2,436		118,779
Campbell Soup Co.		4,002		143,312
Central European Distribution Corp. *		1,218		31,132
Chiquita Brands International, Inc. *		1,566		19,340
Coca-Cola Enterprises, Inc.		6,264		163,490
ConAgra Foods, Inc.		8,526		206,159
Constellation Brands, Inc., Class A *		3,828		63,774
Corn Products International, Inc.		1,566		52,226
Dean Foods Co. *		3,306		35,209
Del Monte Foods Co.		3,654		53,275
Dole Food Co., Inc. *		1,914		17,513
Dr. Pepper Snapple Group, Inc.		4,350		164,691
Flowers Foods, Inc.		1,566		38,696
Fresh Del Monte Produce, Inc. *		1,218		24,360
General Mills, Inc. *		5,916		421,397
Green Mountain Coffee Roasters, Inc. *		2,088		49,381
H.J. Heinz Co.		5,916		261,369
Hansen Natural Corp. *		1,392		54,358
Hormel Foods Corp.		1,392		55,402
J&J Snack Foods Corp.		696		30,923
Kellogg Co.		4,524		241,717
Kraft Foods, Inc., Class A		30,624		875,846
Lancaster Colony Corp.		522		28,533
Lance, Inc.		1,044		20,149
Lorillard, Inc.		3,132		223,907

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
McCormick & Co., Inc.		2,088		80,534
Molson Coors Brewing Co., Class B		2,958		121,396
PepsiCo, Inc.		31,224		1,963,677
Philip Morris International, Inc.		36,540		1,612,145
Pilgrim’s Pride Corp. *		522		4,166
Ralcorp Holdings, Inc. *		1,044		62,713
Reynolds American, Inc.		3,132		163,302
Sanderson Farms, Inc.		696		38,176
Sara Lee Corp.		12,702		179,987
Smithfield Foods, Inc. *		2,958		50,996
The Coca-Cola Co.		40,890		2,101,746
The Hain Celestial Group, Inc. *		1,392		30,012
The Hershey Co.		2,958		138,434
The J.M. Smucker Co.		2,262		124,908
Tootsie Roll Industries, Inc.		1,064		26,643
TreeHouse Foods, Inc. *		696		32,086
Tyson Foods, Inc., Class A		5,394		94,826
Universal Corp.		696		28,446
Vector Group Ltd.		1,914		30,050
				11,474,272

Health Care Equipment & Services 4.5%

Aetna, Inc.		8,526		248,618
AGA Medical Holdings, Inc. *		1,044		14,679
Align Technology, Inc. *		1,566		23,365
Allscripts-Misys Healthcare Solutions, Inc. *		1,392		26,184
Amedisys, Inc. *		696		34,605
American Medical Systems Holdings, Inc. *		1,740		39,254
AMERIGROUP Corp. *		1,218		43,751
AmerisourceBergen Corp.		5,742		179,610
AmSurg Corp. *		1,218		24,116
Baxter International, Inc.		11,658		492,317
Beckman Coulter, Inc.		1,392		79,956
Becton, Dickinson & Co.		4,350		310,155
Boston Scientific Corp. *		29,058		175,801
Brookdale Senior Living, Inc. *		1,740		30,607
C.R. Bard, Inc.		1,914		154,977
Cardinal Health, Inc.		6,960		240,050
CareFusion Corp. *		3,480		88,462
Catalyst Health Solutions, Inc. *		870		33,312
Centene Corp. *		1,566		35,736
Cerner Corp. *		1,218		101,959
Chemed Corp.		522		29,707
CIGNA Corp.		5,220		174,713
Community Health Systems, Inc. *		1,914		74,608
CONMED Corp. *		1,218		23,678
Coventry Health Care, Inc. *		2,958		61,231
Cyberonics, Inc. *		696		12,222
DaVita, Inc. *		1,914		121,405
DENTSPLY International, Inc.		2,784		90,285
Eclipsys Corp. *		1,392		26,664
Edwards Lifesciences Corp. *		2,088		105,507
Emdeon, Inc., Class A *		1,740		23,525
Emergency Medical Services Corp., Class A *		522		27,964
Emeritus Corp. *		1,218		24,713
ev3, Inc. *		2,262		42,797
Express Scripts, Inc. *		4,872		490,123
Gen-Probe, Inc. *		870		38,245
Genoptix, Inc. *		696		18,555
Gentiva Health Services, Inc. *		1,044		28,846
Haemonetics Corp. *		522		28,157
Health Management Associates, Inc., Class A *		5,046		46,928
Health Net, Inc. *		1,914		47,180
HEALTHSOUTH Corp. *		1,740		34,556
Healthspring, Inc. *		1,044		18,134
Henry Schein, Inc. *		1,740		98,153
Hill-Rom Holdings, Inc.		1,218		33,958
HMS Holdings Corp. *		696		37,765
Hologic, Inc. *		4,872		72,593
Hospira, Inc. *		3,132		163,052
Humana, Inc. *		3,306		152,241
IDEXX Laboratories, Inc. *		1,218		77,026
Immucor, Inc. *		1,566		30,756
Integra LifeSciences Holdings Corp. *		870		34,278
Intuitive Surgical, Inc. *		696		224,648
Invacare Corp.		1,218		29,098
Inverness Medical Innovations, Inc. *		1,566		54,512
Kindred Healthcare, Inc. *		1,740		26,987
Kinetic Concepts, Inc. *		1,218		50,425
Laboratory Corp. of America Holdings *		2,088		157,874
Landauer, Inc.		174		10,600
LHC Group, Inc. *		348		10,718
LifePoint Hospitals, Inc. *		1,044		37,052
Lincare Holdings, Inc. *		1,218		57,027
Magellan Health Services, Inc. *		870		35,400
Masimo Corp.		1,044		23,114
McKesson Corp.		5,220		365,400
MedAssets, Inc. *		1,218		27,636
Medco Health Solutions, Inc. *		9,048		521,617
MEDNAX, Inc. *		870		49,199
Medtronic, Inc.		21,228		831,713
Meridian Bioscience, Inc.		1,218		21,291
Omnicare, Inc.		2,262		56,799
Owens & Minor, Inc.		1,286		38,413
Patterson Cos., Inc.		1,914		56,865
Phase Forward, Inc. *		1,914		32,213
PSS World Medical, Inc. *		1,218		27,904
Psychiatric Solutions, Inc. *		1,566		50,707
Quality Systems, Inc.		522		30,819
Quest Diagnostics, Inc.		2,958		156,034
RehabCare Group, Inc. *		696		20,247
ResMed, Inc. *		1,392		87,543
Select Medical Holdings Corp. *		2,784		22,550
Sirona Dental Systems, Inc. *		870		30,781
St. Jude Medical, Inc. *		6,612		246,892
Stryker Corp.		5,916		313,725
Teleflex, Inc.		696		39,032
Tenet Healthcare Corp. *		9,396		53,745
The Cooper Cos., Inc.		870		32,068
Thoratec Corp. *		1,044		45,800
UnitedHealth Group, Inc.		22,272		647,447
Universal American Financial Corp. *		1,566		22,895
Universal Health Services, Inc., Class B		1,740		73,741
Varian Medical Systems, Inc. *		2,436		122,019
VCA Antech, Inc. *		1,566		40,810
Volcano Corp. *		1,740		38,611
WellCare Health Plans, Inc. *		1,044		28,459
WellPoint, Inc. *		8,874		455,236
West Pharmaceutical Services, Inc.		696		27,388
Wright Medical Group, Inc. *		1,044		17,153
Zimmer Holdings, Inc. *		4,176		233,564
Zoll Medical Corp. *		522		15,164
				10,266,014

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Household & Personal Products 2.5%

Alberto-Culver Co.		1,566		43,096
Avon Products, Inc.		8,178		216,635
Central Garden & Pet Co., Class A *		1,392		13,168
Church & Dwight Co., Inc.		1,392		91,608
Colgate-Palmolive Co.		9,570		747,321
Energizer Holdings, Inc. *		1,392		78,216
Herbalife Ltd.		1,218		54,993
Kimberly-Clark Corp.		8,004		485,843
Mead Johnson Nutrition Co.		3,852		189,981
NBTY, Inc. *		1,044		35,747
Nu Skin Enterprises, Inc., Class A		1,218		35,030
Revlon, Inc., Class A *		1,044		14,459
The Clorox Co.		2,610		163,960
The Estee Lauder Cos., Inc., Class A		2,262		131,807
The Procter & Gamble Co.		56,202		3,433,380
				5,735,244

Insurance 4.1%

Aflac, Inc.		9,048		400,826
Alleghany Corp. *		176		51,410
Allied World Assurance Co. Holdings Ltd.		696		31,257
American Financial Group, Inc.		1,392		38,837
American National Insurance Co.		348		36,289
American Physicians Capital, Inc.		174		5,396
AMERISAFE, Inc. *		348		5,881
AmTrust Financial Services, Inc.		1,218		16,041
Aon Corp.		4,698		185,430
Arch Capital Group Ltd. *		1,044		76,755
Argo Group International Holdings Ltd.		696		21,033
Arthur J. Gallagher & Co.		2,088		51,553
Aspen Insurance Holdings Ltd.		1,392		35,162
Assurant, Inc.		2,262		78,491
Assured Guaranty Ltd.		2,436		40,925
Axis Capital Holdings Ltd.		2,784		84,634
Berkshire Hathaway, Inc., Class B *		36,652		2,585,799
Brown & Brown, Inc.		2,262		44,335
Cincinnati Financial Corp.		2,958		80,428
CNA Financial Corp. *		1,218		31,765
CNA Surety Corp. *		870		14,285
CNO Financial Group, Inc. *		5,394		30,260
Delphi Financial Group, Inc., Class A		1,218		31,632
Endurance Specialty Holdings Ltd.		1,044		38,732
Enstar Group Ltd. *		174		10,892
Erie Indemnity Co., Class A		696		31,926
Everest Re Group Ltd.		1,044		75,878
FBL Financial Group, Inc., Class A		174		4,251
Fidelity National Financial, Inc., Class A		4,524		65,236
First American Corp.		2,436		82,897
Flagstone Reinsurance Holdings S.A.		1,218		14,397
Genworth Financial, Inc., Class A *		9,744		151,909
Greenlight Capital Re Ltd., Class A *		522		12,674
Hanover Insurance Group, Inc.		1,044		45,414
Harleysville Group, Inc.		348		11,355
HCC Insurance Holdings, Inc.		2,088		52,346
Hilltop Holdings, Inc. *		1,218		12,923
Infinity Property & Casualty Corp.		174		8,143
Lincoln National Corp.		5,742		151,933
Loews Corp.		6,786		220,613
Markel Corp. *		174		60,126
Marsh & McLennan Cos., Inc.		10,092		220,107
MBIA, Inc. *		4,176		31,111
Mercury General Corp.		696		30,074
MetLife, Inc.		11,136		450,897
Montpelier Re Holdings Ltd.		1,566		24,445
Old Republic International Corp.		4,350		60,291
OneBeacon Insurance Group Ltd., Class A		2,262		32,776
PartnerRe Ltd.		1,218		88,853
Platinum Underwriters Holdings Ltd.		870		32,025
PMA Capital Corp., Class A *		522		3,529
Principal Financial Group, Inc.		5,916		160,856
ProAssurance Corp. *		696		40,967
Protective Life Corp.		1,566		33,700
Prudential Financial, Inc.		8,874		512,119
Reinsurance Group of America, Inc.		1,392		65,382
RenaissanceRe Holdings Ltd.		1,218		65,845
RLI Corp.		522		28,773
Safety Insurance Group, Inc.		348		12,573
Selective Insurance Group, Inc.		1,044		16,286
StanCorp Financial Group, Inc.		870		37,227
State Auto Financial Corp.		870		15,730
The Allstate Corp.		10,266		314,448
The Chubb Corp.		6,786		340,929
The Hartford Financial Services Group, Inc.		7,308		183,212
The Navigators Group, Inc. *		348		14,254
The Progressive Corp.		12,180		238,606
The Travelers Cos., Inc.		10,440		516,467
Torchmark Corp.		1,566		80,696
Tower Group, Inc.		696		15,249
Transatlantic Holdings, Inc.		1,044		49,099
Unitrin, Inc.		1,392		37,153
Unum Group		6,438		148,718
Validus Holdings Ltd.		1,740		42,734
W.R. Berkley Corp.		2,784		75,892
White Mountains Insurance Group Ltd.		174		56,863
XL Capital Ltd., Class A		6,612		116,437
				9,224,392

Materials 3.8%

Air Products & Chemicals, Inc.		3,761		259,735
Airgas, Inc.		1,332		83,210
AK Steel Holding Corp.		2,262		33,840
Albemarle Corp.		1,740		74,924
Alcoa, Inc.		19,488		226,840
Allegheny Technologies, Inc.		1,914		104,658
Allied Nevada Gold Corp. *		1,044		19,982
AMCOL International Corp.		1,044		28,146
AptarGroup, Inc.		1,218		48,550
Arch Chemicals, Inc.		476		16,308
Ashland, Inc.		1,392		74,625
Ball Corp.		1,740		85,695
Bemis Co., Inc.		2,088		59,884
Cabot Corp.		1,218		34,116
Calgon Carbon Corp. *		1,914		28,461
Carpenter Technology Corp.		1,392		54,163
Celanese Corp., Series A		2,784		79,817
Century Aluminum Co. *		1,044		10,972
CF Industries Holdings, Inc.		1,237		84,846
Cliffs Natural Resources, Inc.		2,610		145,795
Commercial Metals Co.		2,262		35,219
Compass Minerals International, Inc.		619		46,957
Crown Holdings, Inc. *		3,132		73,633
Cytec Industries, Inc.		870		37,175

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Domtar Corp.		801		49,021
E.I. du Pont de Nemours & Co.		16,182		585,303
Eagle Materials, Inc.		1,044		32,030
Eastman Chemical Co.		1,218		73,555
Ecolab, Inc.		4,524		213,669
FMC Corp.		1,392		84,286
Freeport-McMoRan Copper & Gold, Inc.		8,185		573,359
Graphic Packaging Holding Co. *		5,742		18,145
Greif, Inc., Class A		696		38,141
H.B. Fuller Co.		1,392		29,691
Hecla Mining Co. *		4,872		26,211
Huntsman Corp.		3,480		34,730
International Flavors & Fragrances, Inc.		1,392		61,944
International Paper Co.		7,830		181,891
Intrepid Potash, Inc. *		1,044		25,745
Kaiser Aluminum Corp.		696		26,051
Koppers Holdings, Inc.		389		10,538
Martin Marietta Materials, Inc.		870		81,110
MeadWestvaco Corp.		2,958		70,696
Minerals Technologies, Inc.		522		27,901
Monsanto Co.		10,440		531,083
Nalco Holding Co.		2,610		59,143
NewMarket Corp.		348		35,830
Newmont Mining Corp.		9,222		496,328
Nucor Corp.		5,568		239,702
Olin Corp.		1,740		33,356
OM Group, Inc. *		870		25,970
Owens-Illinois, Inc. *		3,306		100,271
Packaging Corp. of America		1,914		42,376
Pactiv Corp. *		2,436		69,621
PPG Industries, Inc.		3,306		211,815
Praxair, Inc.		5,916		459,082
Reliance Steel & Aluminum Co.		1,218		55,918
Rock-Tenn Co., Class A		696		35,816
Rockwood Holdings, Inc. *		1,392		36,109
Royal Gold, Inc.		1,053		52,797
RPM International, Inc.		2,610		51,704
Schnitzer Steel Industries, Inc., Class A		522		26,121
Sealed Air Corp.		2,958		61,645
Sensient Technologies Corp.		1,044		28,908
Sigma-Aldrich Corp.		2,088		111,249
Solutia, Inc. *		2,436		36,905
Sonoco Products Co.		1,914		59,162
Southern Copper Corp.		4,176		123,109
Steel Dynamics, Inc.		4,176		61,262
Stillwater Mining Co. *		1,566		20,734
Temple-Inland, Inc.		2,088		44,119
Texas Industries, Inc.		696		25,265
The Dow Chemical Co.		21,924		589,975
The Lubrizol Corp.		1,302		115,318
The Mosaic Co.		2,958		136,571
The Scotts Miracle-Gro Co., Class A		870		38,654
The Valspar Corp.		1,740		54,584
Titanium Metals Corp. *		1,914		33,820
United States Steel Corp.		2,784		131,433
Valhi, Inc.		1,566		28,094
Vulcan Materials Co.		2,088		105,402
W.R. Grace & Co. *		1,218		31,217
Walter Energy, Inc.		1,044		82,821
Westlake Chemical Corp.		1,044		22,143
Weyerhaeuser Co.		4,002		170,405
Worthington Industries, Inc.		2,436		35,858
				8,703,263

Media 3.1%

Arbitron, Inc.		174		5,300
Belo Corp., Class A		1,566		11,385
Cablevision Systems Corp., Class A		4,524		112,240
CBS Corp., Class B		12,006		174,807
Cinemark Holdings, Inc.		1,392		22,258
Clear Channel Outdoor Holdings, Inc., Class A *		1,740		16,217
Comcast Corp., Class A		55,332		1,000,956
DIRECTV, Class A *		18,966		714,828
Discovery Communications, Inc., Series A *		5,394		203,138
DISH Network Corp., Class A		4,176		87,070
DreamWorks Animation SKG, Inc., Class A *		1,392		41,328
Gannett Co., Inc.		4,872		75,711
Interactive Data Corp.		1,044		33,982
John Wiley & Sons, Inc., Class A		870		34,452
Lamar Advertising Co., Class A *		1,218		35,894
Liberty Global, Inc., Series A *		4,872		125,698
Liberty Media — Starz, Series A *		928		48,553
Liberty Media Corp. — Capital, Series A *		1,566		65,866
Madison Square Garden, Inc., Class A *		1,097		23,114
Meredith Corp.		870		29,223
Morningstar, Inc. *		522		25,474
News Corp., Class A		45,066		594,871
Omnicom Group, Inc.		5,916		224,512
Regal Entertainment Group, Class A		2,436		37,125
Scripps Networks Interactive, Class A		1,566		70,752
Sirius XM Radio, Inc. *		75,342		77,602
The Interpublic Group of Cos., Inc. *		9,222		77,004
The McGraw-Hill Cos., Inc.		6,090		169,302
The New York Times Co., Class A *		3,132		29,065
The Walt Disney Co.		34,135		1,140,792
The Washington Post Co., Class B		174		81,037
Time Warner Cable, Inc.		6,960		380,921
Time Warner, Inc.		22,446		695,602
Valassis Communications, Inc. *		870		31,772
Viacom, Inc., Class B		10,440		350,888
Virgin Media, Inc.		5,568		89,979
World Wrestling Entertainment, Inc., Class A		1,914		31,715
				6,970,433

Pharmaceuticals, Biotechnology & Life Sciences 7.3%

Abbott Laboratories		29,580		1,406,825
Abraxis BioScience, Inc. *		870		38,671
Acorda Therapeutics, Inc. *		1,218		41,875
Alexion Pharmaceuticals, Inc. *		1,740		87,052
Alkermes, Inc. *		3,306		37,540
Allergan, Inc.		6,090		366,557
Allos Therapeutics, Inc. *		4,524		32,392
Alnylam Pharmaceuticals, Inc. *		1,566		24,743
AMAG Pharmaceuticals, Inc. *		348		11,080
Amgen, Inc. *		19,314		1,000,079
Amylin Pharmaceuticals, Inc. *		2,784		45,992
Auxilium Pharmaceuticals, Inc. *		870		25,039
Bio-Rad Laboratories, Inc., Class A *		348		32,562
Biogen Idec, Inc. *		5,568		264,090
BioMarin Pharmaceutical, Inc. *		2,088		40,758
Bristol-Myers Squibb Co.		32,596		756,553
Bruker Corp. *		1,566		19,943

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Celgene Corp. *		8,700		459,012
Cephalon, Inc. *		1,392		81,933
Cepheid, Inc. *		2,088		37,333
Charles River Laboratories International, Inc. *		1,218		40,852
Covance, Inc. *		1,218		64,262
Cubist Pharmaceuticals, Inc. *		1,566		33,669
Dendreon Corp. *		2,262		98,171
Dionex Corp. *		348		27,405
Eli Lilly & Co.		18,792		616,190
Endo Pharmaceuticals Holdings, Inc. *		1,914		40,079
Exelixis, Inc. *		2,436		12,618
Forest Laboratories, Inc. *		5,742		148,603
Genzyme Corp. *		5,046		245,488
Gilead Sciences, Inc. *		17,400		625,008
Halozyme Therapeutics, Inc. *		4,350		31,886
Human Genome Sciences, Inc. *		3,480		86,165
Illumina, Inc. *		2,784		117,039
Impax Laboratories, Inc. *		1,044		22,002
Incyte Corp. *		2,436		31,400
Johnson & Johnson		53,070		3,093,981
King Pharmaceuticals, Inc. *		4,698		40,732
Life Technologies Corp. *		3,480		174,209
Luminex Corp. *		1,914		32,787
MannKind Corp. *		1,566		8,707
Martek Biosciences Corp. *		1,392		25,877
Medicis Pharmaceutical Corp., Class A		1,218		28,245
Merck & Co., Inc.		58,464		1,969,652
Mettler-Toledo International, Inc. *		696		79,713
Millipore Corp. *		1,044		110,883
Mylan, Inc. *		5,742		111,624
Myriad Genetics, Inc. *		1,740		31,755
Nektar Therapeutics *		3,480		42,560
Onyx Pharmaceuticals, Inc. *		1,218		27,149
OSI Pharmaceuticals, Inc. *		1,044		59,905
Par Pharmaceutical Cos., Inc. *		1,218		33,812
PAREXEL International Corp. *		2,262		50,454
PDL BioPharma, Inc.		3,480		18,688
PerkinElmer, Inc.		2,436		55,273
Perrigo Co.		1,566		93,036
Pfizer, Inc.		154,686		2,355,868
Pharmaceutical Product Development, Inc.		2,262		60,712
Regeneron Pharmaceuticals, Inc. *		1,566		44,741
Salix Pharmaceuticals Ltd. *		1,392		50,015
Savient Pharmaceuticals, Inc. *		2,262		27,234
Seattle Genetics, Inc. *		2,958		39,134
Talecris Biotherapeutics Holdings Corp. *		870		14,425
Targacept, Inc. *		696		16,008
Techne Corp.		696		42,143
Thermo Fisher Scientific, Inc. *		7,656		398,571
United Therapeutics Corp. *		870		44,561
Valeant Pharmaceuticals International *		1,218		56,613
Vertex Pharmaceuticals, Inc. *		3,654		126,392
ViroPharma, Inc. *		3,654		44,469
VIVUS, Inc. *		1,914		24,231
Waters Corp. *		1,740		119,086
Watson Pharmaceuticals, Inc. *		1,914		84,522
				16,688,633

Real Estate 2.6%

Acadia Realty Trust		696		12,451
Alexander’s, Inc.		51		16,543
Alexandria Real Estate Equities, Inc.		870		57,055
AMB Property Corp.		2,958		76,701
American Campus Communities, Inc.		1,044		27,948
Annaly Capital Management, Inc.		10,614		180,013
Anworth Mortgage Asset Corp.		3,828		25,954
Apartment Investment & Management Co., Class A		2,436		50,255
AvalonBay Communities, Inc.		1,566		153,562
BioMed Realty Trust, Inc.		2,262		38,477
Boston Properties, Inc.		2,784		213,477
Brandywine Realty Trust		2,958		34,283
BRE Properties, Inc.		1,044		42,658
Brookfield Properties Corp.		5,046		73,823
Camden Property Trust		1,218		55,589
Capstead Mortgage Corp.		2,088		23,845
CB Richard Ellis Group, Inc., Class A *		4,524		71,615
CBL & Associates Properties, Inc.		3,306		47,243
Chimera Investment Corp.		12,354		48,675
Colonial Properties Trust		1,218		18,367
Colony Financial, Inc.		1,392		25,320
Corporate Office Properties Trust		1,044		39,578
Cousins Properties, Inc.		1,102		8,496
DCT Industrial Trust, Inc.		5,916		28,633
Developers Diversified Realty Corp.		3,601		41,195
DiamondRock Hospitality Co. *		3,692		33,745
Digital Realty Trust, Inc.		1,392		79,219
Douglas Emmett, Inc.		2,436		37,709
Duke Realty Corp.		4,350		51,678
DuPont Fabros Technology, Inc.		696		17,776
EastGroup Properties, Inc.		696		25,738
Entertainment Properties Trust		870		35,618
Equity Lifestyle Properties, Inc.		522		27,040
Equity One, Inc.		1,740		29,876
Equity Residential		5,220		235,579
Essex Property Trust, Inc.		522		54,930
Extra Space Storage, Inc.		2,958		44,488
Federal Realty Investment Trust		1,218		89,767
Forest City Enterprises, Inc., Class A *		3,132		41,530
Forestar Group, Inc. *		696		12,772
Franklin Street Properties Corp.		1,566		19,340
Hatteras Financial Corp.		1,044		28,919
HCP, Inc.		5,568		177,396
Health Care REIT, Inc.		2,262		97,447
Healthcare Realty Trust, Inc.		1,392		31,919
Highwoods Properties, Inc.		1,392		41,008
Home Properties, Inc.		696		33,846
Hospitality Properties Trust		2,436		54,810
Host Hotels & Resorts, Inc.		12,016		171,348
HRPT Properties Trust		4,350		29,188
Inland Real Estate Corp.		1,395		11,620
Investors Real Estate Trust		1,400		12,222
Jones Lang LaSalle, Inc.		782		58,353
Kilroy Realty Corp.		1,044		34,348
Kimco Realty Corp.		7,482		106,993
LaSalle Hotel Properties		1,566		35,235
Liberty Property Trust		2,088		64,331
Mack-Cali Realty Corp.		1,392		45,908
Medical Properties Trust, Inc.		1,392		13,294
MFA Financial, Inc.		5,220		38,263
Mid-America Apartment Communities, Inc.		696		38,022
National Health Investors, Inc.		870		35,827
National Retail Properties, Inc.		1,740		38,245
Nationwide Health Properties, Inc.		2,088		74,103

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
OMEGA Healthcare Investors, Inc.		1,740		34,556
Pennsylvania Real Estate Investment Trust		853		11,763
Piedmont Office Realty Trust, Inc., Class A		1,062		20,157
Plum Creek Timber Co., Inc.		3,132		109,683
Post Properties, Inc.		870		21,820
Potlatch Corp.		870		30,311
ProLogis		9,048		102,966
PS Business Parks, Inc.		522		28,141
Public Storage		2,610		241,921
Rayonier, Inc.		1,566		70,282
Realty Income Corp.		1,914		59,602
Redwood Trust, Inc.		1,914		29,074
Regency Centers Corp.		1,740		63,945
Senior Housing Properties Trust		2,436		50,766
Simon Property Group, Inc.		5,395		458,737
SL Green Realty Corp.		1,392		86,708
Sovran Self Storage, Inc.		870		31,346
Starwood Property Trust, Inc.		1,392		25,376
Sunstone Hotel Investors, Inc. *		3,480		38,384
Tanger Factory Outlet Centers, Inc.		696		28,967
Taubman Centers, Inc.		1,044		42,272
The Macerich Co.		2,402		99,347
The St. Joe Co. *		1,914		52,922
U-Store-It Trust		1,562		12,840
UDR, Inc.		2,784		56,599
Ventas, Inc.		2,958		138,878
Vornado Realty Trust		3,480		270,326
Washington Real Estate Investment Trust		1,044		30,673
Weingarten Realty Investors		2,436		50,815
				5,820,383

Retailing 4.0%

99 Cents Only Stores *		2,262		34,563
Aaron’s, Inc.		1,566		31,289
Abercrombie & Fitch Co., Class A		1,566		56,110
Advance Auto Parts, Inc.		1,740		90,062
Aeropostale, Inc. *		1,797		49,795
Amazon.com, Inc. *		5,916		742,221
American Eagle Outfitters, Inc.		3,480		45,588
AnnTaylor Stores Corp. *		2,088		45,205
AutoNation, Inc. *		1,392		27,882
AutoZone, Inc. *		522		99,639
Barnes & Noble, Inc.		1,566		31,680
Bed Bath & Beyond, Inc. *		5,046		226,414
Best Buy Co., Inc.		6,438		272,006
Big Lots, Inc. *		1,566		55,327
Blue Nile, Inc. *		522		24,482
Cabela’s, Inc. *		2,088		35,935
CarMax, Inc. *		3,828		83,182
Chico’s FAS, Inc.		3,480		42,560
Collective Brands, Inc. *		1,566		35,047
Dick’s Sporting Goods, Inc. *		1,566		44,647
Dillard’s, Inc., Class A		1,218		34,944
Dollar General Corp. *		696		21,040
Dollar Tree, Inc. *		1,740		108,907
DSW, Inc., Class A *		696		20,101
Expedia, Inc.		4,002		86,283
Family Dollar Stores, Inc.		2,436		99,243
Foot Locker, Inc.		3,132		46,698
GameStop Corp., Class A *		2,958		67,413
Genuine Parts Co.		2,958		120,124
Group 1 Automotive, Inc. *		870		24,743
Guess?, Inc.		1,044		39,662
hhgregg, Inc. *		696		20,887
HSN, Inc. *		1,044		28,136
J. Crew Group, Inc. *		1,044		47,648
J.C. Penney Co., Inc.		4,002		110,015
Jo-Ann Stores, Inc. *		522		23,845
Jos. A. Bank Clothiers, Inc. *		696		42,233
Kohl’s Corp. *		5,568		282,576
Liberty Media Corp. — Interactive, Series A *		11,658		151,204
Limited Brands, Inc.		5,220		129,769
LKQ Corp. *		2,784		51,281
Lowe’s Cos., Inc.		27,840		689,040
Lumber Liquidators Holdings, Inc. *		522		15,404
Macy’s, Inc.		8,178		181,633
Netflix, Inc. *		870		96,701
Nordstrom, Inc.		3,306		131,248
O’Reilly Automotive, Inc. *		2,610		133,162
Office Depot, Inc. *		5,394		31,285
OfficeMax, Inc. *		2,610		46,536
Penske Automotive Group, Inc. *		1,740		22,724
PetSmart, Inc.		2,436		77,367
Priceline.com, Inc. *		870		166,309
RadioShack Corp.		2,436		49,792
Rent-A-Center, Inc. *		1,566		37,929
Ross Stores, Inc.		2,436		127,646
Saks, Inc. *		2,958		27,154
Sally Beauty Holdings, Inc. *		4,002		37,659
Sears Holdings Corp. *		1,044		91,935
Signet Jewelers Ltd. *		1,566		48,624
Staples, Inc.		13,746		295,814
Target Corp.		13,050		711,617
The Buckle, Inc.		870		30,929
The Children’s Place Retail Stores, Inc. *		870		41,003
The Dress Barn, Inc. *		1,392		38,127
The Gap, Inc.		9,744		212,419
The Gymboree Corp. *		522		23,271
The Home Depot, Inc.		32,712		1,107,628
The Men’s Wearhouse, Inc.		1,044		22,697
The Sherwin-Williams Co.		1,914		146,670
The TJX Cos., Inc.		8,004		363,862
Tiffany & Co.		2,436		110,668
Tractor Supply Co.		696		47,161
Ulta Salon, Cosmetics & Fragrance, Inc. *		1,044		26,706
Urban Outfitters, Inc. *		2,610		94,743
Williams-Sonoma, Inc.		1,914		57,190
				8,973,039

Semiconductors & Semiconductor Equipment 2.8%

Advanced Micro Devices, Inc. *		12,180		104,383
Altera Corp.		5,568		131,238
Amkor Technology, Inc. *		2,784		18,959
Analog Devices, Inc.		5,568		162,419
Applied Materials, Inc.		25,752		332,458
Atheros Communications *		1,218		41,412
Atmel Corp. *		7,830		39,972
Broadcom Corp., Class A		8,178		282,305
Cabot Microelectronics Corp. *		348		12,772
Cavium Networks, Inc. *		1,392		36,999
Cree, Inc. *		1,740		115,484
Cymer, Inc. *		696		21,068

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Cypress Semiconductor Corp. *		3,306		37,655
Diodes, Inc. *		696		13,753
Fairchild Semiconductor International, Inc. *		3,654		36,540
FEI Co. *		1,044		21,611
FormFactor, Inc. *		1,566		20,154
Hittite Microwave Corp. *		696		31,828
Integrated Device Technology, Inc. *		4,698		27,436
Intel Corp.		106,836		2,288,427
International Rectifier Corp. *		1,392		29,176
Intersil Corp., Class A		2,262		30,107
KLA-Tencor Corp.		3,306		101,726
Lam Research Corp. *		2,436		92,227
Linear Technology Corp.		4,002		111,896
LSI Corp. *		12,354		65,847
Marvell Technology Group Ltd. *		9,570		181,639
Maxim Integrated Products, Inc.		5,916		105,068
MEMC Electronic Materials, Inc. *		4,176		47,398
Microchip Technology, Inc.		3,480		96,918
Micron Technology, Inc. *		16,356		148,676
Microsemi Corp. *		1,914		29,629
MKS Instruments, Inc. *		1,740		34,556
Monolithic Power Systems, Inc. *		522		10,017
National Semiconductor Corp.		4,350		61,117
Netlogic Microsystems, Inc. *		1,392		40,048
Novellus Systems, Inc. *		1,740		44,927
NVIDIA Corp. *		10,614		139,468
OmniVision Technologies, Inc. *		696		13,426
ON Semiconductor Corp. *		8,352		61,053
PMC-Sierra, Inc. *		4,176		33,826
Power Integrations, Inc.		870		29,563
Rambus, Inc. *		2,088		48,943
RF Micro Devices, Inc. *		6,786		32,573
Semtech Corp. *		1,740		30,641
Silicon Laboratories, Inc. *		870		39,524
Skyworks Solutions, Inc. *		3,132		49,893
Teradyne, Inc. *		3,480		38,210
Tessera Technologies, Inc. *		1,044		18,145
Texas Instruments, Inc.		24,360		594,871
TriQuint Semiconductor, Inc. *		5,220		36,644
Varian Semiconductor Equipment Associates, Inc. *		1,392		43,277
Veeco Instruments, Inc. *		1,218		46,491
Xilinx, Inc.		5,394		131,883
				6,396,276

Software & Services 7.0%

Activision Blizzard, Inc.		11,136		119,712
Acxiom Corp. *		1,740		30,293
Adobe Systems, Inc. *		10,092		323,751
Advent Software, Inc. *		696		30,095
Akamai Technologies, Inc. *		3,480		138,226
Alliance Data Systems Corp. *		1,044		73,769
ANSYS, Inc. *		1,566		68,481
AOL, Inc. *		1,972		40,682
ArcSight, Inc. *		1,044		22,613
Ariba, Inc. *		2,436		36,662
Autodesk, Inc. *		4,350		127,281
Automatic Data Processing, Inc.		9,570		391,222
Blackbaud, Inc.		1,218		27,466
Blackboard, Inc. *		696		27,868
BMC Software, Inc. *		3,480		128,795
Broadridge Financial Solutions, Inc.		2,610		49,903
CA, Inc.		8,004		162,081
CACI International, Inc., Class A *		522		24,137
Cadence Design Systems, Inc. *		5,046		33,808
Citrix Systems, Inc. *		3,480		151,763
Cognizant Technology Solutions Corp., Class A *		5,568		278,623
CommVault Systems, Inc. *		1,392		31,376
Computer Sciences Corp.		2,958		147,870
Compuware Corp. *		4,524		37,051
Concur Technologies, Inc. *		870		36,801
Convergys Corp. *		2,436		26,601
CyberSource Corp. *		1,740		44,701
DealerTrack Holdings, Inc. *		696		11,157
Digital River, Inc. *		1,218		33,544
DST Systems, Inc.		696		26,671
EarthLink, Inc.		3,306		28,398
eBay, Inc. *		21,054		450,766
Electronic Arts, Inc. *		6,264		103,419
Equinix, Inc. *		696		64,039
Euronet Worldwide, Inc. *		1,044		13,729
FactSet Research Systems, Inc.		870		59,203
Fair Isaac Corp.		1,218		28,258
Fidelity National Information Services, Inc.		6,264		172,385
Fiserv, Inc. *		3,132		148,927
Fortinet, Inc. *		696		11,359
Gartner, Inc. *		1,392		34,452
Genpact Ltd. *		2,262		38,205
Global Payments, Inc.		1,566		66,069
Google, Inc., Class A *		4,381		2,125,573
GSI Commerce, Inc. *		1,392		39,199
Hewitt Associates, Inc., Class A *		1,566		58,333
IAC/InterActiveCorp *		2,088		48,974
Informatica Corp. *		1,566		40,403
Intuit, Inc. *		5,742		205,219
j2 Global Communications, Inc. *		1,392		32,211
Jack Henry & Associates, Inc.		1,566		37,647
JDA Software Group, Inc. *		1,044		27,896
Lawson Software, Inc. *		4,176		34,431
Lender Processing Services, Inc.		1,740		59,056
ManTech International Corp., Class A *		522		24,132
MasterCard, Inc., Class A		1,914		386,188
MAXIMUS, Inc.		522		31,268
McAfee, Inc. *		2,958		94,064
Mentor Graphics Corp. *		1,566		14,376
MICROS Systems, Inc. *		1,566		53,557
Microsoft Corp.		148,596		3,833,777
MicroStrategy, Inc., Class A *		348		26,817
NetSuite, Inc. *		1,914		26,949
NeuStar, Inc., Class A *		1,392		29,775
Novell, Inc. *		6,786		39,562
Nuance Communications, Inc. *		4,176		71,138
Oracle Corp.		73,428		1,657,270
Parametric Technology Corp. *		2,088		34,410
Paychex, Inc.		6,264		178,774
Pegasystems, Inc.		870		26,022
Progress Software Corp. *		1,218		38,903
Quest Software, Inc. *		1,566		30,310
Rackspace Hosting, Inc. *		1,566		27,562
Red Hat, Inc. *		3,654		107,099
Rovi Corp. *		1,914		71,469
SAIC, Inc. *		6,317		108,589
Salesforce.com, Inc. *		2,013		174,185
Sapient Corp.		3,480		35,322
SAVVIS, Inc. *		1,740		32,634

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Solarwinds, Inc. *		870		16,495
Solera Holdings, Inc.		1,218		42,240
Sourcefire, Inc. *		522		10,774
SRA International, Inc., Class A *		1,392		30,025
SuccessFactors, Inc. *		1,914		42,606
Sybase, Inc. *		1,566		100,741
Symantec Corp. *		15,834		224,368
Synopsys, Inc. *		2,610		55,906
Syntel, Inc.		696		23,274
Taleo Corp., Class A *		696		17,435
TeleTech Holdings, Inc. *		1,566		20,248
The Ultimate Software Group, Inc. *		522		17,858
TIBCO Software, Inc. *		3,480		39,707
TiVo, Inc. *		2,610		23,594
Total System Services, Inc.		3,828		55,889
Tyler Technologies, Inc. *		696		11,296
ValueClick, Inc. *		2,784		32,378
VeriFone Holdings, Inc. *		2,088		42,136
VeriSign, Inc. *		3,828		106,839
Visa, Inc., Class A		8,178		592,578
VMware, Inc., Class A *		696		46,082
WebMD Health Corp. *		870		39,611
Websense, Inc. *		1,566		32,761
Western Union Co.		13,398		213,832
Wright Express Corp. *		870		27,318
Yahoo!, Inc. *		25,404		389,697
				16,020,994

Technology Hardware & Equipment 8.5%

3PAR, Inc. *		2,610		27,744
ADC Telecommunications, Inc. *		4,176		34,494
ADTRAN, Inc.		1,218		33,410
Agilent Technologies, Inc. *		6,612		213,964
Amphenol Corp., Class A		3,306		140,174
Anixter International, Inc. *		696		33,060
Apple, Inc. *		17,267		4,440,382
Arris Group, Inc. *		2,610		28,632
Arrow Electronics, Inc. *		2,436		66,454
Aruba Networks, Inc. *		1,914		25,648
Avnet, Inc. *		2,958		84,954
AVX Corp.		2,436		34,031
Benchmark Electronics, Inc. *		1,740		32,155
Blue Coat Systems, Inc. *		1,044		22,415
Brightpoint, Inc. *		3,654		27,149
Brocade Communications Systems, Inc. *		7,830		42,674
Ciena Corp. *		1,740		27,092
Cisco Systems, Inc. *		110,664		2,562,978
Cogent, Inc. *		2,958		26,385
Cognex Corp.		1,566		29,895
Coherent, Inc. *		401		14,155
CommScope, Inc. *		1,740		49,068
Comtech Telecommunications Corp. *		870		25,065
Corning, Inc.		30,102		524,678
Dell, Inc. *		33,756		449,968
Diebold, Inc.		1,218		35,298
Dolby Laboratories, Inc., Class A *		1,044		68,914
EchoStar Corp., Class A *		1,566		32,933
Electronics for Imaging, Inc. *		870		9,692
EMC Corp. *		38,628		719,253
Emulex Corp. *		2,610		27,353
F5 Networks, Inc. *		1,566		110,137
FLIR Systems, Inc. *		2,958		84,273
Harris Corp.		2,436		114,273
Hewlett-Packard Co.		45,588		2,097,504
Infinera Corp. *		3,480		24,499
Ingram Micro, Inc., Class A *		2,958		50,168
InterDigital, Inc. *		1,392		36,331
Intermec, Inc. *		2,088		23,052
International Business Machines Corp.		24,882		3,116,719
IPG Photonics Corp. *		870		14,633
Itron, Inc. *		696		46,395
Jabil Circuit, Inc.		3,828		52,405
JDS Uniphase Corp. *		4,698		54,027
Juniper Networks, Inc. *		10,266		273,281
Lexmark International, Inc., Class A *		1,392		52,270
Littelfuse, Inc. *		348		12,580
Loral Space & Communications, Inc. *		348		13,899
Molex, Inc.		2,784		58,965
Motorola, Inc. *		41,238		282,480
Multi-Fineline Electronix, Inc. *		1,044		27,593
National Instruments Corp.		1,218		39,207
NCR Corp. *		2,958		39,282
NetApp, Inc. *		6,438		242,584
NETGEAR, Inc. *		696		15,806
Plantronics, Inc.		1,044		31,257
Plexus Corp. *		1,044		35,548
Polycom, Inc. *		1,566		47,027
QLogic Corp. *		2,436		44,140
QUALCOMM, Inc.		32,003		1,138,027
Riverbed Technology, Inc. *		1,218		32,557
Rofin-Sinar Technologies, Inc. *		1,218		29,074
SanDisk Corp. *		4,350		202,797
Sanmina-SCI Corp. *		1,392		21,228
ScanSource, Inc. *		1,044		26,914
Seagate Technology *		9,570		146,995
STEC, Inc. *		1,218		14,713
Sycamore Networks, Inc.		904		15,928
Synaptics, Inc. *		1,218		36,443
SYNNEX Corp. *		1,044		27,906
Tech Data Corp. *		870		35,366
Tekelec *		1,740		24,943
Tellabs, Inc.		6,786		61,074
Teradata Corp. *		3,132		100,036
Trimble Navigation Ltd. *		2,262		64,987
ViaSat, Inc. *		870		27,953
Vishay Intertechnology, Inc. *		4,176		37,793
Western Digital Corp. *		4,350		151,424
Xerox Corp.		25,234		234,929
Zebra Technologies Corp., Class A *		1,044		28,710
				19,390,199

Telecommunication Services 2.7%

AboveNet, Inc. *		522		23,939
American Tower Corp., Class A *		7,656		310,298
AT&T, Inc.		113,970		2,769,471
Atlantic Tele-Network, Inc.		522		21,825
CenturyTel, Inc.		5,742		197,123
Clearwire Corp., Class A *		4,524		36,825
Crown Castle International Corp. *		4,698		173,967
Frontier Communications Corp. *		5,742		45,649
Global Crossing Ltd. *		2,262		30,786
Leap Wireless International, Inc. *		2,088		34,097
Level 3 Communications, Inc. *		34,452		46,166
MetroPCS Communications, Inc. *		4,698		42,235
NII Holdings, Inc. *		3,306		120,570
Qwest Communications International, Inc.		25,404		133,117

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
SBA Communications Corp., Class A *		2,262		74,714
Sprint Nextel Corp. *		54,636		280,283
Syniverse Holdings, Inc. *		1,566		30,991
Telephone & Data Systems, Inc.		1,740		57,211
tw telecom, Inc. *		2,958		51,735
United States Cellular Corp. *		696		28,891
Verizon Communications, Inc.		54,984		1,513,159
Windstream Corp.		8,352		89,116
				6,112,168

Transportation 2.0%

Alaska Air Group, Inc. *		1,044		48,755
Alexander & Baldwin, Inc.		870		28,005
Allegiant Travel Co. *		348		19,241
AMERCO *		348		19,018
AMR Corp. *		6,612		50,714
Arkansas Best Corp.		522		12,210
Atlas Air Worldwide Holdings, Inc. *		348		18,190
Avis Budget Group, Inc. *		2,088		24,743
C.H. Robinson Worldwide, Inc.		3,132		182,001
Con-way, Inc.		870		29,597
Continental Airlines, Inc., Class B *		2,784		58,742
CSX Corp.		7,482		390,935
Delta Air Lines, Inc. *		15,312		207,937
Expeditors International of Washington, Inc.		4,002		152,836
FedEx Corp.		5,568		464,872
Genesee & Wyoming, Inc., Class A *		870		31,311
Heartland Express, Inc.		1,914		29,753
Hertz Global Holdings, Inc. *		3,828		43,486
Hub Group, Inc., Class A *		1,044		31,946
J.B. Hunt Transport Services, Inc.		1,740		60,082
JetBlue Airways Corp. *		5,394		33,443
Kansas City Southern *		1,740		66,416
Kirby Corp. *		1,044		41,165
Knight Transportation, Inc.		1,740		34,591
Landstar System, Inc.		1,044		43,785
Norfolk Southern Corp.		6,960		392,962
Old Dominion Freight Line, Inc. *		1,044		37,208
Ryder System, Inc.		1,044		46,917
SkyWest, Inc.		1,914		28,069
Southwest Airlines Co.		14,268		177,494
UAL Corp. *		4,350		87,044
Union Pacific Corp.		9,570		683,585
United Parcel Service, Inc., Class B		13,398		840,858
UTI Worldwide, Inc.		2,088		30,172
Werner Enterprises, Inc.		1,392		31,376
				4,479,459

Utilities 3.6%

AGL Resources, Inc.		1,392		50,808
Allegheny Energy, Inc.		3,132		64,081
ALLETE, Inc.		870		30,032
Alliant Energy Corp.		2,088		67,108
Ameren Corp.		4,002		98,689
American Electric Power Co., Inc.		9,048		289,174
American Water Works Co., Inc.		1,740		35,392
Aqua America, Inc.		2,610		45,544
Atmos Energy Corp.		1,740		47,189
Avista Corp.		1,392		26,866
Black Hills Corp.		1,044		29,952
California Water Service Group		696		24,938
Calpine Corp. *		7,134		97,736
CenterPoint Energy, Inc.		6,960		94,795
Cleco Corp.		1,044		27,635
CMS Energy Corp.		4,176		61,304
Consolidated Edison, Inc.		5,394		229,730
Constellation Energy Group, Inc.		3,480		123,122
Dominion Resources, Inc.		11,310		440,638
DPL, Inc.		2,088		52,284
DTE Energy Co.		3,132		142,537
Duke Energy Corp.		24,534		391,563
Dynegy, Inc. *		2,610		13,650
Edison International		5,568		180,180
El Paso Electric Co. *		1,392		27,589
Energen Corp.		1,392		61,624
Entergy Corp.		3,654		274,306
EQT Corp.		2,262		88,648
Exelon Corp.		12,702		490,297
FirstEnergy Corp.		5,742		202,176
FPL Group, Inc.		7,308		364,888
Great Plains Energy, Inc.		2,436		42,752
Hawaiian Electric Industries, Inc.		1,740		38,210
IDACORP, Inc.		1,044		34,504
Integrys Energy Group, Inc.		1,392		62,946
ITC Holdings Corp.		870		45,858
MDU Resources Group, Inc.		3,132		58,568
MGE Energy, Inc.		696		24,583
Mirant Corp. *		2,784		34,577
National Fuel Gas Co.		1,218		59,195
New Jersey Resources Corp.		870		30,841
Nicor, Inc.		870		35,157
NiSource, Inc.		5,220		78,091
Northeast Utilities		3,306		85,791
Northwest Natural Gas Co.		696		30,603
NorthWestern Corp.		1,218		32,082
NRG Energy, Inc. *		5,046		117,824
NSTAR		1,914		67,201
NV Energy, Inc.		4,350		51,286
OGE Energy Corp.		1,740		63,406
ONEOK, Inc.		1,914		85,116
Ormat Technologies, Inc.		696		19,829
Pepco Holdings, Inc.		4,176		67,359
PG&E Corp.		7,134		296,061
Piedmont Natural Gas Co., Inc.		1,218		30,949
Pinnacle West Capital Corp.		1,914		67,201
PNM Resources, Inc.		2,262		27,913
Portland General Electric Co.		1,392		26,323
PPL Corp.		6,960		179,638
Progress Energy, Inc.		5,220		201,440
Public Service Enterprise Group, Inc.		9,744		298,459
Questar Corp.		3,132		140,502
RRI Energy, Inc. *		6,960		30,763
SCANA Corp.		2,088		75,774
Sempra Energy		4,350		200,100
South Jersey Industries, Inc.		696		30,547
Southern Co.		15,312		500,702
Southwest Gas Corp.		1,044		30,923
TECO Energy, Inc.		3,654		56,820
The AES Corp. *		13,398		137,597
The Empire District Electric Co.		1,392		25,390
UGI Corp.		2,088		54,580
UIL Holdings Corp.		696		17,595
Unisource Energy Corp.		1,044		32,239
Vectren Corp.		1,566		36,096
Westar Energy, Inc.		2,088		45,936
WGL Holdings, Inc.		870		29,450

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Wisconsin Energy Corp.		2,262		110,838
Xcel Energy, Inc.		8,526		174,698
				8,198,788

Total Common Stock (Cost $233,630,433)				226,549,327


Other Investment Company 0.2% of net assets

Money Fund 0.2%

State Street Institutional Liquid Reserves Fund — Institutional Class		394,447		394,447
Total Other Investment Company (Cost $394,447)				394,447


Rights 0.0% of net assets

Telecommunication Services 0.0%

Clearwire Corp. *		1,560		518
Total Rights (Cost $—)				518

End of Investments

At 05/31/10, the tax basis cost of the fund’s investments was $234,028,677 and the unrealized appreciation and depreciation were $5,941,505 and ($13,025,890), respectively, with a net unrealized depreciation of ($7,084,385).


*		Non-income producing security.

(a)		Issuer is affiliated with the fund’s adviser.


Security name	The Charles Schwab Corp.
Shares held at beginning of period as of October 30, 2009		—
Gross additions		18,564
Gross sales		816
Shares held at 5/31/2010		17,748
Market value at 5/31/2010	$	290,002
Realized loss during the period	$	(245	)
Dividends received during the period	$	1,744

Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

Various inputs are used on determining the value of the fund’s investments. The fair value measurements and disclosures establish a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. These inputs are summarized in the three broad levels listed below:

	•		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. The fund does not adjust the quoted price for such investments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price.

	•		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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

	•		Level 3—significant unobservable inputs (including the funds’ 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 following is a summary of the inputs used to value the fund’s investments as of May 31, 2010:


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	226,549,327	$	—	$	—	$	226,549,327
Other Investment Company(a)		394,447		—		—		394,447
Rights(a)		518		—		—		518

Total	$	226,944,292	$	—	$	—	$	226,944,292


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

REG54093MAY10

Schwab Strategic Trust
Schwab U.S. Large-Cap ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.


				Cost		Value
Holdings by Category				($)		($)
	99.6	%	Common Stock		238,751,680		229,251,136
	0.2	%	Other Investment Company		442,893		442,893
	—	%	Rights		—		184
	99.8	%	Total Investments		239,194,573		229,694,213
	0.2	%	Other Assets and Liabilities, Net				529,877
	100.0	%	Net Assets				230,224,090


	Number		Value
Security	of Shares		($)
Common Stock 99.6% of net assets

Automobiles & Components 0.7%
BorgWarner, Inc. *		2,496		93,001
Ford Motor Co. *		71,755		841,686
Harley-Davidson, Inc.		5,045		152,410
Johnson Controls, Inc.		14,602		416,595
Lear Corp. *		960		64,963
The Goodyear Tire & Rubber Co. *		5,182		61,666
				1,630,321

Banks 3.1%
BB&T Corp.		14,821		448,187
BOK Financial Corp.		356		17,996
Capitol Federal Financial		534		17,088
City National Corp.		890		51,335
Comerica, Inc.		3,738		142,418
Commerce Bancshares, Inc.		1,433		53,265
Cullen/Frost Bankers, Inc.		1,246		68,380
Fifth Third Bancorp		17,266		224,285
First Horizon National Corp. *		4,866		60,582
Hudson City Bancorp, Inc.		10,371		130,778
Huntington Bancshares, Inc.		15,486		95,394
KeyCorp		19,046		152,749
M&T Bank Corp.		1,602		126,942
Marshall & Ilsley Corp.		11,392		92,845
New York Community Bancorp, Inc.		9,256		148,559
People’s United Financial, Inc.		8,191		114,428
PNC Financial Services Group, Inc.		11,214		703,679
Regions Financial Corp.		25,810		196,930
SunTrust Banks, Inc.		10,809		291,303
TFS Financial Corp.		2,005		26,546
U.S. Bancorp		41,474		993,717
Wells Fargo & Co.		106,288		3,049,403
				7,206,809

Capital Goods 7.7%
3M Co.		14,209		1,126,916
Aecom Technology Corp. *		2,182		55,379
AGCO Corp. *		1,958		56,332
Alliant Techsystems, Inc. *		712		48,978
AMETEK, Inc.		2,314		93,948
Bucyrus International, Inc.		1,602		85,803
Caterpillar, Inc.		13,532		822,204
Cummins, Inc.		3,920		266,482
Danaher Corp.		5,340		423,889
Deere & Co.		9,102		525,003
Donaldson Co., Inc.		1,471		63,474
Dover Corp.		4,094		183,780
Eaton Corp.		3,560		249,022
Emerson Electric Co.		16,416		762,359
Fastenal Co.		2,895		146,024
First Solar, Inc. *		1,068		120,000
Flowserve Corp.		1,246		118,495
Fluor Corp.		3,920		183,926
General Dynamics Corp.		6,942		471,362
General Electric Co.		231,400		3,783,390
Goodrich Corp.		2,674		185,576
Harsco Corp.		1,780		48,434
Honeywell International, Inc.		15,173		648,949
Hubbell, Inc., Class B		1,246		53,142
Illinois Tool Works, Inc.		9,256		429,756
ITT Corp.		3,920		189,258
Jacobs Engineering Group, Inc. *		2,674		111,666
Joy Global, Inc.		2,136		108,936
KBR, Inc.		3,560		78,249
L-3 Communications Holdings, Inc.		2,492		205,914
Lincoln Electric Holdings, Inc.		890		49,662
Lockheed Martin Corp.		6,632		530,029
Masco Corp.		7,840		104,664
McDermott International, Inc. *		4,988		110,634
MSC Industrial Direct Co., Class A		890		46,049
Navistar International Corp. *		1,115		60,411
Northrop Grumman Corp.		6,052		366,085
Oshkosh Corp. *		1,958		69,568
Owens Corning, Inc. *		2,357		78,559
PACCAR, Inc.		7,476		306,516
Pall Corp.		2,492		84,853
Parker Hannifin Corp.		3,560		218,798
Pentair, Inc.		2,183		75,008
Precision Castparts Corp.		3,030		353,601
Quanta Services, Inc. *		4,497		93,223
Raytheon Co.		8,370		438,672
Rockwell Automation, Inc.		3,073		164,190
Rockwell Collins, Inc.		3,382		197,306
Roper Industries, Inc.		1,958		113,603
Spirit AeroSystems Holdings, Inc., Class A *		2,183		42,525
SPX Corp.		1,072		63,355
SunPower Corp., Class A *		2,136		28,259
Textron, Inc.		5,877		121,477
The Boeing Co.		14,665		941,200
The Shaw Group, Inc. *		1,784		60,852
United Technologies Corp.		18,753		1,263,577
URS Corp. *		1,780		79,352
W.W. Grainger, Inc.		1,424		144,892
				17,853,566

Commercial & Professional Services 0.8%
Avery Dennison Corp.		2,492		85,176

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Cintas Corp.		2,848		74,048
Copart, Inc. *		1,649		59,199
Corrections Corp. of America *		2,539		50,526
Covanta Holding Corp. *		2,848		43,945
Equifax, Inc.		2,717		82,189
FTI Consulting, Inc. *		1,068		45,668
IHS, Inc., Class A *		1,068		55,280
Iron Mountain, Inc.		4,134		101,366
Manpower, Inc.		1,606		73,410
Pitney Bowes, Inc.		4,498		101,835
R.R. Donnelley & Sons Co.		4,497		86,162
Republic Services, Inc.		6,706		195,279
Robert Half International, Inc.		3,270		82,698
Stericycle, Inc. *		1,780		104,344
The Dun & Bradstreet Corp.		1,072		78,245
Towers Watson & Co., Class A		890		40,940
Verisk Analytics, Inc., Class A *		1,849		55,932
Waste Connections, Inc. *		1,780		62,674
Waste Management, Inc.		9,977		324,352
				1,803,268

Consumer Durables & Apparel 1.1%
Coach, Inc.		6,787		279,014
D.R. Horton, Inc.		5,874		71,604
Fortune Brands, Inc.		3,208		152,220
Garmin Ltd.		2,500		83,950
Harman International Industries, Inc. *		1,424		45,995
Hasbro, Inc.		2,492		100,054
Leggett & Platt, Inc.		3,208		74,682
Lennar Corp., Class A		3,382		58,509
Mattel, Inc.		7,832		169,641
Mohawk Industries, Inc. *		1,246		69,975
Newell Rubbermaid, Inc.		5,874		97,861
NIKE, Inc., Class B		5,874		425,160
NVR, Inc. *		178		121,980
Polo Ralph Lauren Corp.		1,246		108,227
Pulte Homes, Inc. *		7,120		79,317
Stanley Black & Decker, Inc.		3,309		184,609
Toll Brothers, Inc. *		2,852		60,092
VF Corp.		1,958		151,451
Whirlpool Corp.		1,424		148,722
				2,483,063

Consumer Services 2.1%
Apollo Group, Inc., Class A *		2,678		142,363
Burger King Holdings, Inc.		1,958		37,222
Career Education Corp. *		1,293		36,204
Carnival Corp.		9,078		328,896
Chipotle Mexican Grill, Inc. *		712		101,303
Darden Restaurants, Inc.		3,026		129,815
DeVry, Inc.		1,424		81,866
Education Management Corp. *		356		7,522
H&R Block, Inc.		7,476		120,214
Hyatt Hotels Corp., Class A *		890		36,009
International Game Technology		6,408		125,405
ITT Educational Services, Inc. *		712		71,869
Las Vegas Sands Corp. *		9,442		221,698
Marriott International, Inc., Class A		6,770		226,457
McDonald’s Corp.		23,402		1,564,892
MGM MIRAGE *		5,518		68,754
Penn National Gaming, Inc. *		1,424		36,454
Royal Caribbean Cruises Ltd. *		2,852		82,708
Starbucks Corp.		16,075		416,182
Starwood Hotels & Resorts Worldwide, Inc.		3,742		173,068
Strayer Education, Inc.		356		85,440
Weight Watchers International, Inc.		712		19,523
Wendy’s/Arby’s Group, Inc., Class A		8,010		36,125
Wyndham Worldwide Corp.		3,785		89,326
Wynn Resorts Ltd.		1,602		134,376
Yum! Brands, Inc.		10,015		410,114
				4,783,805

Diversified Financials 7.4%
Affiliated Managers Group, Inc. *		1,037		74,301
American Express Co.		22,787		908,518
AmeriCredit Corp. *		1,424		30,787
Ameriprise Financial, Inc.		5,522		219,720
Bank of America Corp.		215,578		3,393,198
Bank of New York Mellon Corp.		25,856		703,283
BlackRock, Inc.		933		156,632
Capital One Financial Corp.		9,620		397,306
CIT Group, Inc. *		4,274		157,240
Citigroup, Inc. *		446,641		1,768,698
CME Group, Inc.		1,428		452,176
Discover Financial Services		11,930		160,458
ETRADE Financial Corp.		40,406		59,801
Eaton Vance Corp.		2,492		74,486
Federated Investors, Inc., Class B		2,183		48,484
Franklin Resources, Inc.		3,386		332,133
IntercontinentalExchange, Inc. *		1,602		186,040
Invesco Ltd.		9,303		172,664
Jefferies Group, Inc.		2,361		55,082
JPMorgan Chase & Co.		86,187		3,411,281
Legg Mason, Inc.		3,529		104,882
Leucadia National Corp. *		4,272		93,642
Moody’s Corp.		4,141		84,891
Morgan Stanley		26,890		728,988
MSCI, Inc., Class A *		2,183		64,726
Northern Trust Corp.		5,162		262,281
NYSE Euronext		5,565		159,549
Raymond James Financial, Inc.		2,183		61,713
SEI Investments Co.		3,429		72,318
SLM Corp. *		10,371		115,222
State Street Corp.		10,727		409,450
T. Rowe Price Group, Inc.		5,669		280,729
TD Ameritrade Holding Corp. *		5,209		92,356
The Charles Schwab Corp. (a)		21,044		343,859
The Goldman Sachs Group, Inc.		9,308		1,342,772
The NASDAQ OMX Group, Inc. *		3,607		67,054
				17,046,720

Energy 10.5%
Alpha Natural Resources, Inc. *		2,496		95,772
Anadarko Petroleum Corp.		10,688		559,303
Apache Corp.		7,302		653,821
Arch Coal, Inc.		3,560		76,718
Baker Hughes, Inc.		9,309		355,055
Cabot Oil & Gas Corp.		2,140		74,237
Cameron International Corp. *		5,351		193,706
Chesapeake Energy Corp.		14,062		314,145
Chevron Corp.		43,479		3,211,794
Cimarex Energy Co.		1,783		131,015
CNX Gas Corp. *		531		20,305
Cobalt International Energy, Inc. *		1,442		10,094
Concho Resources, Inc. *		1,606		83,592

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
ConocoPhillips		28,275		1,466,342
CONSOL Energy, Inc.		4,650		169,632
Continental Resources, Inc. *		712		33,578
Denbury Resources, Inc. *		8,366		137,621
Devon Energy Corp.		9,078		579,630
Diamond Offshore Drilling, Inc.		1,471		92,820
El Paso Corp.		15,308		173,593
EOG Resources, Inc.		5,432		569,491
EXCO Resources, Inc.		3,742		64,550
Exxon Mobil Corp.		102,968		6,225,445
FMC Technologies, Inc. *		2,674		155,493
Forest Oil Corp. *		2,136		56,903
Halliburton Co.		19,406		481,851
Helmerich & Payne, Inc.		1,962		73,928
Hess Corp.		6,412		341,118
Marathon Oil Corp.		15,459		480,620
Massey Energy Co.		1,780		58,954
Murphy Oil Corp.		4,098		218,751
Nabors Industries Ltd. *		6,234		118,633
National-Oilwell Varco, Inc.		9,082		346,297
Newfield Exploration Co. *		2,852		148,475
Noble Energy, Inc.		3,742		222,612
Occidental Petroleum Corp.		17,622		1,453,991
Oceaneering International, Inc. *		1,068		49,416
Patterson-UTI Energy, Inc.		3,382		47,449
Peabody Energy Corp.		5,700		222,072
Petrohawk Energy Corp. *		6,594		126,803
Pioneer Natural Resources Co.		2,496		158,995
Plains Exploration & Production Co. *		3,073		67,913
Pride International, Inc. *		3,386		83,871
Quicksilver Resources, Inc. *		2,670		32,601
Range Resources Corp.		3,386		152,201
Rowan Cos., Inc. *		2,314		57,295
Schlumberger Ltd.		25,854		1,451,702
Smith International, Inc.		5,340		200,570
Southern Union Co.		2,314		50,376
Southwestern Energy Co. *		7,484		281,473
Spectra Energy Corp.		13,924		278,619
Sunoco, Inc.		2,492		74,436
The Williams Cos., Inc.		12,464		246,164
Tidewater, Inc.		1,068		44,653
Ultra Petroleum Corp. *		3,204		147,448
Valero Energy Corp.		12,150		226,962
Whiting Petroleum Corp. *		1,068		89,402
XTO Energy, Inc.		12,529		535,490
				24,075,796

Food & Staples Retailing 2.5%
Costco Wholesale Corp.		9,581		558,093
CVS Caremark Corp.		30,623		1,060,474
Safeway, Inc.		8,722		193,105
SUPERVALU, Inc.		4,675		62,972
Sysco Corp.		12,765		380,525
The Kroger Co.		13,172		265,152
Wal-Mart Stores, Inc.		46,860		2,369,242
Walgreen Co.		21,538		690,078
Whole Foods Market, Inc. *		2,864		115,792
				5,695,433

Food, Beverage & Tobacco 5.4%
Altria Group, Inc.		44,718		907,328
Archer-Daniels-Midland Co.		12,785		323,077
Brown-Forman Corp., Class B		2,314		128,334
Bunge Ltd.		2,886		140,721
Campbell Soup Co.		4,632		165,872
Coca-Cola Enterprises, Inc.		6,915		180,482
ConAgra Foods, Inc.		9,659		233,555
Constellation Brands, Inc., Class A *		4,272		71,172
Dean Foods Co. *		3,784		40,300
Dr. Pepper Snapple Group, Inc.		5,091		192,745
Flowers Foods, Inc.		1,827		45,145
General Mills, Inc.		6,764		481,800
Green Mountain Coffee Roasters, Inc. *		2,670		63,146
H.J. Heinz Co.		6,804		300,601
Hansen Natural Corp. *		1,602		62,558
Hormel Foods Corp.		1,424		56,675
Kellogg Co.		5,162		275,806
Kraft Foods, Inc., Class A		34,717		992,906
Lorillard, Inc.		3,560		254,504
McCormick & Co., Inc.		2,492		96,116
Molson Coors Brewing Co., Class B		3,382		138,797
PepsiCo, Inc.		35,332		2,222,030
Philip Morris International, Inc.		41,308		1,822,509
Ralcorp Holdings, Inc. *		1,246		74,847
Reynolds American, Inc.		3,738		194,899
Sara Lee Corp.		14,287		202,447
Smithfield Foods, Inc. *		3,250		56,030
The Coca-Cola Co.		46,173		2,373,292
The Hershey Co.		3,429		160,477
The J.M. Smucker Co.		2,496		137,829
Tyson Foods, Inc., Class A		6,234		109,594
				12,505,594

Health Care Equipment & Services 4.2%
Aetna, Inc.		9,434		275,095
AmerisourceBergen Corp.		6,099		190,777
Baxter International, Inc.		13,176		556,422
Beckman Coulter, Inc.		1,471		84,494
Becton, Dickinson & Co.		4,806		342,668
Boston Scientific Corp. *		32,643		197,490
C.R. Bard, Inc.		2,136		172,952
Cardinal Health, Inc.		7,832		270,126
CareFusion Corp. *		3,956		100,561
Cerner Corp. *		1,424		119,203
CIGNA Corp.		5,874		196,603
Community Health Systems, Inc. *		1,962		76,479
Coventry Health Care, Inc. *		3,208		66,406
DaVita, Inc. *		2,136		135,486
DENTSPLY International, Inc.		3,204		103,906
Edwards Lifesciences Corp. *		2,492		125,921
Express Scripts, Inc. *		5,522		555,513
Gen-Probe, Inc. *		1,068		46,949
Henry Schein, Inc. *		1,958		110,451
Hologic, Inc. *		5,565		82,918
Hospira, Inc. *		3,560		185,334
Humana, Inc. *		3,738		172,135
IDEXX Laboratories, Inc. *		1,246		78,797
Intuitive Surgical, Inc. *		890		287,265
Inverness Medical Innovations, Inc. *		1,820		63,354
Kinetic Concepts, Inc. *		1,293		53,530
Laboratory Corp. of America Holdings *		2,361		178,515
Lincare Holdings, Inc. *		1,424		66,672
McKesson Corp.		5,817		407,190
Medco Health Solutions, Inc. *		10,324		595,179
Medtronic, Inc.		24,077		943,337
Omnicare, Inc.		2,539		63,754
Patterson Cos., Inc.		2,136		63,461

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Quest Diagnostics, Inc.		3,351		176,765
ResMed, Inc. *		1,602		100,750
St. Jude Medical, Inc. *		7,302		272,657
Stryker Corp.		6,594		349,680
Teleflex, Inc.		712		39,929
UnitedHealth Group, Inc.		25,205		732,709
Universal Health Services, Inc., Class B		1,962		83,150
Varian Medical Systems, Inc. *		2,670		133,740
WellPoint, Inc. *		9,976		511,769
Zimmer Holdings, Inc. *		4,639		259,459
				9,629,551

Household & Personal Products 2.7%
Alberto-Culver Co.		1,826		50,251
Avon Products, Inc.		9,147		242,304
Church & Dwight Co., Inc.		1,602		105,428
Colgate-Palmolive Co.		10,862		848,214
Energizer Holdings, Inc. *		1,424		80,015
Kimberly-Clark Corp.		9,078		551,035
Mead Johnson Nutrition Co.		4,450		219,474
The Clorox Co.		3,026		190,093
The Estee Lauder Cos., Inc., Class A		2,535		147,714
The Procter & Gamble Co.		63,582		3,884,224
				6,318,752

Insurance 4.2%
Aflac, Inc.		10,150		449,645
Alleghany Corp. *		180		52,578
Allied World Assurance Co. Holdings Ltd.		937		42,081
American Financial Group, Inc.		1,649		46,007
American International Group, Inc. *		2,492		88,167
American National Insurance Co.		356		37,124
Aon Corp.		5,209		205,599
Arch Capital Group Ltd. *		1,068		78,519
Assurant, Inc.		2,539		88,103
Assured Guaranty Ltd.		3,204		53,827
Axis Capital Holdings Ltd.		3,073		93,419
Berkshire Hathaway, Inc., Class B *		41,475		2,926,061
Brown & Brown, Inc.		2,539		49,764
Cincinnati Financial Corp.		3,251		88,395
CNA Financial Corp. *		554		14,448
Everest Re Group Ltd.		1,293		93,975
Fidelity National Financial, Inc., Class A		5,031		72,547
First American Corp.		2,539		86,402
Genworth Financial, Inc., Class A *		10,514		163,913
Hanover Insurance Group, Inc.		1,068		46,458
HCC Insurance Holdings, Inc.		2,326		58,313
Lincoln National Corp.		6,616		175,059
Loews Corp.		7,523		244,573
Markel Corp. *		182		62,890
Marsh & McLennan Cos., Inc.		11,392		248,460
MetLife, Inc.		12,607		510,458
Old Republic International Corp.		4,853		67,263
PartnerRe Ltd.		1,780		129,851
Principal Financial Group, Inc.		6,590		179,182
Prudential Financial, Inc.		10,037		579,235
Reinsurance Group of America, Inc.		1,471		69,093
RenaissanceRe Holdings Ltd.		1,424		76,982
The Allstate Corp.		11,582		354,757
The Chubb Corp.		7,480		375,795
The Hartford Financial Services Group, Inc.		8,370		209,836
The Progressive Corp.		13,753		269,421
The Travelers Cos., Inc.		11,116		549,909
Torchmark Corp.		1,780		91,723
Transatlantic Holdings, Inc.		1,471		69,181
Unum Group		7,167		165,558
Validus Holdings Ltd.		2,136		52,460
W.R. Berkley Corp.		3,026		82,489
Wesco Financial Corp.		11		3,892
White Mountains Insurance Group Ltd.		178		58,170
XL Capital Ltd., Class A		7,345		129,346
				9,590,928

Materials 3.6%
Air Products & Chemicals, Inc.		4,276		295,301
Airgas, Inc.		1,424		88,957
Albemarle Corp.		1,958		84,312
Alcoa, Inc.		22,092		257,151
Allegheny Technologies, Inc.		2,140		117,015
AptarGroup, Inc.		1,424		56,761
Ashland, Inc.		1,602		85,883
Ball Corp.		2,136		105,198
Bemis Co., Inc.		2,314		66,366
Celanese Corp., Series A		3,026		86,755
CF Industries Holdings, Inc.		1,443		98,975
Cliffs Natural Resources, Inc.		2,852		159,313
Crown Holdings, Inc. *		3,429		80,616
E.I. du Pont de Nemours & Co.		18,334		663,141
Eastman Chemical Co.		1,424		85,995
Ecolab, Inc.		5,162		243,801
FMC Corp.		1,602		97,001
Freeport-McMoRan Copper & Gold, Inc.		9,260		648,663
Huntsman Corp.		3,560		35,529
International Flavors & Fragrances, Inc.		1,780		79,210
International Paper Co.		8,544		198,477
Intrepid Potash, Inc. *		959		23,649
Martin Marietta Materials, Inc.		894		83,348
MeadWestvaco Corp.		3,208		76,671
Monsanto Co.		11,788		599,656
Nalco Holding Co.		3,026		68,569
Newmont Mining Corp.		10,324		555,638
Nucor Corp.		6,230		268,202
Owens-Illinois, Inc. *		3,560		107,975
Pactiv Corp. *		2,895		82,739
PPG Industries, Inc.		3,742		239,750
Praxair, Inc.		6,764		524,886
Reliance Steel & Aluminum Co.		1,424		65,376
Sealed Air Corp.		3,382		70,481
Sigma-Aldrich Corp.		2,314		123,290
Sonoco Products Co.		2,136		66,024
Southern Copper Corp.		4,628		136,433
Steel Dynamics, Inc.		4,628		67,893
The Dow Chemical Co.		24,742		665,807
The Lubrizol Corp.		1,424		126,124
The Mosaic Co.		3,208		148,113
The Scotts Miracle-Gro Co., Class A		894		39,720
The Valspar Corp.		1,958		61,422
United States Steel Corp.		3,026		142,857
Vulcan Materials Co.		2,496		125,998
Walter Energy, Inc.		1,137		90,198
Weyerhaeuser Co.		4,450		189,481
				8,384,720

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Media 3.2%
Cablevision Systems Corp., Class A		4,984		123,653
CBS Corp., Class B		12,998		189,251
Clear Channel Outdoor Holdings, Inc., Class A *		759		7,074
Comcast Corp., Class A		62,517		1,130,933
DIRECTV, Class A *		20,299		765,069
Discovery Communications, Inc., Series A *		6,052		227,918
DISH Network Corp., Class A		4,628		96,494
DreamWorks Animation SKG, Inc., Class A *		1,471		43,674
Gannett Co., Inc.		5,162		80,218
Interactive Data Corp.		712		23,176
John Wiley & Sons, Inc., Class A		1,068		42,293
Liberty Global, Inc., Series A *		5,340		137,772
Liberty Media — Starz, Series A *		1,072		56,087
News Corp., Class A		50,347		664,580
Omnicom Group, Inc.		6,764		256,694
Scripps Networks Interactive, Class A		1,780		80,420
Sirius XM Radio, Inc. *		83,482		85,986
The Interpublic Group of Cos., Inc. *		10,545		88,051
The McGraw-Hill Cos., Inc.		6,764		188,039
The Walt Disney Co.		39,052		1,305,118
The Washington Post Co., Class B		178		82,900
Time Warner Cable, Inc.		7,480		409,380
Time Warner, Inc.		25,283		783,520
Viacom, Inc., Class B *		11,570		388,868
Virgin Media, Inc.		6,277		101,436
				7,358,604

Pharmaceuticals, Biotechnology & Life Sciences 7.7%
Abbott Laboratories		33,286		1,583,082
Alexion Pharmaceuticals, Inc. *		1,962		98,159
Allergan, Inc.		6,590		396,652
Amgen, Inc. *		21,894		1,133,671
Amylin Pharmaceuticals, Inc. *		2,674		44,175
Biogen Idec, Inc. *		5,874		278,604
Bristol-Myers Squibb Co.		36,886		856,124
Celgene Corp. *		10,015		528,391
Cephalon, Inc. *		1,602		94,294
Charles River Laboratories International, Inc. *		1,424		47,761
Covance, Inc. *		1,424		75,130
Dendreon Corp. *		2,852		123,777
Eli Lilly & Co.		21,329		699,378
Endo Pharmaceuticals Holdings, Inc. *		2,183		45,712
Forest Laboratories, Inc. *		6,555		169,643
Genzyme Corp. *		5,700		277,305
Gilead Sciences, Inc. *		19,758		709,707
Human Genome Sciences, Inc. *		3,916		96,960
Illumina, Inc. *		2,686		112,919
Johnson & Johnson		60,025		3,499,458
King Pharmaceuticals, Inc. *		5,340		46,298
Life Technologies Corp. *		3,916		196,035
Merck & Co., Inc.		67,505		2,274,243
Mettler-Toledo International, Inc. *		712		81,545
Millipore Corp. *		1,246		132,338
Mylan, Inc. *		6,586		128,032
Myriad Genetics, Inc. *		2,005		36,591
OSI Pharmaceuticals, Inc. *		1,246		71,496
PerkinElmer, Inc.		2,496		56,634
Perrigo Co.		1,780		105,750
Pfizer, Inc.		174,698		2,660,651
Pharmaceutical Product Development, Inc.		2,314		62,108
Talecris Biotherapeutics Holdings Corp. *		1,068		17,707
Techne Corp.		890		53,890
Thermo Fisher Scientific, Inc. *		8,904		463,542
United Therapeutics Corp. *		1,068		54,703
Valeant Pharmaceuticals International *		1,571		73,020
Vertex Pharmaceuticals, Inc. *		4,137		143,099
Waters Corp. *		2,136		146,188
Watson Pharmaceuticals, Inc. *		2,314		102,186
				17,776,958

Real Estate 1.8%
AMB Property Corp.		3,204		83,080
Annaly Capital Management, Inc.		11,969		202,994
AvalonBay Communities, Inc.		1,780		174,547
Boston Properties, Inc.		2,999		229,963
Brookfield Properties Corp.		5,565		81,416
CB Richard Ellis Group, Inc., Class A *		5,379		85,150
Digital Realty Trust, Inc.		1,682		95,723
Equity Residential		5,935		267,846
Federal Realty Investment Trust		1,315		96,915
HCP, Inc.		6,408		204,159
Health Care REIT, Inc.		2,670		115,024
Host Hotels & Resorts, Inc.		13,677		195,034
Kimco Realty Corp.		8,765		125,339
Liberty Property Trust		2,492		76,778
Nationwide Health Properties, Inc.		2,539		90,109
Piedmont Office Realty Trust, Inc., Class A		1,246		23,649
Plum Creek Timber Co., Inc.		3,560		124,671
ProLogis		10,370		118,011
Public Storage		2,852		264,352
Rayonier, Inc.		1,784		80,066
Realty Income Corp.		2,183		67,979
Regency Centers Corp.		1,958		71,956
Simon Property Group, Inc.		6,236		530,247
SL Green Realty Corp.		1,661		103,464
The Macerich Co.		2,473		102,283
The St. Joe Co. *		1,962		54,249
Ventas, Inc.		3,382		158,785
Vornado Realty Trust		3,920		304,506
				4,128,295

Retailing 3.8%
Abercrombie & Fitch Co., Class A		1,958		70,155
Advance Auto Parts, Inc.		2,005		103,779
Amazon.com, Inc. *		7,490		939,695
American Eagle Outfitters, Inc.		3,916		51,300
AutoNation, Inc. *		1,602		32,088
AutoZone, Inc. *		712		135,907
Bed Bath & Beyond, Inc. *		5,696		255,579
Best Buy Co., Inc.		7,298		308,340
CarMax, Inc. *		4,450		96,698
Dollar General Corp. *		720		21,766
Dollar Tree, Inc. *		1,958		122,551
Expedia, Inc.		4,450		95,942
Family Dollar Stores, Inc.		2,848		116,028
GameStop Corp., Class A *		3,607		82,204
Genuine Parts Co.		3,429		139,252

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Guess?, Inc.		1,246		47,336
J.C. Penney Co., Inc.		4,450		122,330
Kohl’s Corp. *		6,230		316,172
Liberty Media Corp. — Interactive, Series A *		12,994		168,532
Limited Brands, Inc.		5,878		146,127
Lowe’s Cos., Inc.		31,727		785,243
Macy’s, Inc.		9,078		201,622
Netflix, Inc. *		1,068		118,708
Nordstrom, Inc.		3,707		147,168
O’Reilly Automotive, Inc. *		3,026		154,387
PetSmart, Inc.		2,717		86,292
Priceline.com, Inc. *		890		170,132
Ross Stores, Inc.		2,670		139,908
Sears Holdings Corp. *		1,068		94,048
Staples, Inc.		15,707		338,015
Target Corp.		14,774		805,626
The Gap, Inc.		11,036		240,585
The Home Depot, Inc.		36,886		1,248,960
The Sherwin-Williams Co.		2,136		163,682
The TJX Cos., Inc.		9,124		414,777
Tiffany & Co.		2,674		121,480
Urban Outfitters, Inc. *		2,851		103,491
				8,705,905

Semiconductors & Semiconductor Equipment 2.6%
Advanced Micro Devices, Inc. *		12,116		103,834
Altera Corp.		6,408		151,037
Analog Devices, Inc.		6,427		187,476
Applied Materials, Inc.		29,056		375,113
Broadcom Corp., Class A		9,454		326,352
Cree, Inc. *		2,005		133,072
Intel Corp.		120,688		2,585,137
KLA-Tencor Corp.		3,738		115,018
Lam Research Corp. *		2,670		101,086
Linear Technology Corp.		4,450		124,422
LSI Corp. *		14,287		76,150
Marvell Technology Group Ltd. *		10,576		200,732
Maxim Integrated Products, Inc.		6,586		116,967
MEMC Electronic Materials, Inc. *		4,849		55,036
Microchip Technology, Inc.		3,916		109,061
Micron Technology, Inc. *		18,381		167,083
National Semiconductor Corp.		5,209		73,186
NVIDIA Corp. *		12,077		158,692
ON Semiconductor Corp. *		9,434		68,963
Texas Instruments, Inc.		27,125		662,393
Varian Semiconductor Equipment Associates, Inc. *		1,602		49,806
Xilinx, Inc.		6,052		147,971
				6,088,587

Software & Services 7.1%
Activision Blizzard, Inc.		12,282		132,031
Adobe Systems, Inc. *		11,283		361,959
Akamai Technologies, Inc. *		3,778		150,062
Alliance Data Systems Corp. *		1,072		75,748
ANSYS, Inc. *		1,927		84,268
AOL, Inc. *		2,324		47,944
Autodesk, Inc. *		4,853		141,999
Automatic Data Processing, Inc.		10,858		443,875
BMC Software, Inc. *		3,963		146,671
Broadridge Financial Solutions, Inc.		2,717		51,949
CA, Inc.		9,118		184,639
Citrix Systems, Inc. *		3,920		170,951
Cognizant Technology Solutions Corp., Class A *		6,408		320,656
Computer Sciences Corp. *		3,382		169,066
DST Systems, Inc.		890		34,105
eBay, Inc. *		23,852		510,671
Electronic Arts, Inc. *		6,989		115,388
Equinix, Inc. *		890		81,889
FactSet Research Systems, Inc.		890		60,565
Fidelity National Information Services, Inc.		7,159		197,016
Fiserv, Inc. *		3,386		161,004
Genpact Ltd. *		1,571		26,534
Global Payments, Inc.		1,780		75,098
Google, Inc., Class A *		4,988		2,420,078
Hewitt Associates, Inc., Class A *		2,005		74,686
IAC/InterActiveCorp *		2,140		50,194
Intuit, Inc. *		6,230		222,660
Lender Processing Services, Inc.		2,140		72,632
MasterCard, Inc., Class A		2,136		430,981
McAfee, Inc. *		3,382		107,548
Microsoft Corp.		169,195		4,365,231
Nuance Communications, Inc. *		5,053		86,078
Oracle Corp.		82,979		1,872,836
Paychex, Inc.		6,989		199,466
Red Hat, Inc. *		4,094		119,995
Rovi Corp. *		2,175		81,214
SAIC, Inc. *		8,548		146,940
Salesforce.com, Inc. *		2,283		197,548
Sybase, Inc. *		1,780		114,507
Symantec Corp. *		17,800		252,226
Synopsys, Inc. *		3,072		65,802
Total System Services, Inc.		4,276		62,430
VeriSign, Inc. *		4,272		119,232
Visa, Inc., Class A		9,314		674,892
VMware, Inc., Class A *		1,424		94,283
Western Union Co.		14,952		238,634
Yahoo!, Inc. *		28,350		434,889
				16,249,070

Technology Hardware & Equipment 8.9%
Agilent Technologies, Inc. *		7,545		244,156
Amphenol Corp., Class A		3,742		158,661
Apple, Inc. *		19,624		5,046,508
Arrow Electronics, Inc. *		2,639		71,992
Avnet, Inc. *		3,204		92,019
Brocade Communications Systems, Inc. *		9,651		52,598
Cisco Systems, Inc. *		125,165		2,898,821
Corning, Inc.		34,030		593,143
Dell, Inc. *		37,395		498,475
Dolby Laboratories, Inc., Class A *		1,068		70,499
EMC Corp. *		44,361		826,002
F5 Networks, Inc. *		1,780		125,187
FLIR Systems, Inc. *		3,386		96,467
Harris Corp.		2,739		128,487
Hewlett-Packard Co.		51,482		2,368,687
Ingram Micro, Inc., Class A *		3,560		60,378
International Business Machines Corp.		28,171		3,528,699
Itron, Inc. *		890		59,327
Jabil Circuit, Inc.		4,272		58,484
Juniper Networks, Inc. *		11,392		303,255
Molex, Inc.		2,856		60,490
Motorola, Inc. *		46,526		318,703

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
NCR Corp. *		3,429		45,537
NetApp, Inc. *		7,298		274,989
QUALCOMM, Inc.		36,359		1,292,926
SanDisk Corp. *		4,984		232,354
Seagate Technology *		10,858		166,779
Tellabs, Inc.		7,900		71,100
Teradata Corp. *		3,785		120,893
Trimble Navigation Ltd. *		2,539		72,946
Western Digital Corp. *		5,024		174,885
Xerox Corp.		29,420		273,900
				20,387,347

Telecommunication Services 2.9%
American Tower Corp., Class A *		8,722		353,503
AT&T, Inc.		128,903		3,132,343
CenturyTel, Inc.		6,412		220,124
Clearwire Corp., Class A *		1,467		11,941
Crown Castle International Corp. *		5,340		197,740
Frontier Communications Corp.		6,633		52,732
Level 3 Communications, Inc. *		35,455		47,510
MetroPCS Communications, Inc. *		5,383		48,393
NII Holdings, Inc. *		3,564		129,979
Qwest Communications International, Inc.		30,121		157,834
SBA Communications Corp., Class A *		2,523		83,335
Sprint Nextel Corp. *		62,331		319,758
Telephone & Data Systems, Inc.		2,005		65,924
United States Cellular Corp. *		396		16,438
Verizon Communications, Inc.		62,030		1,707,066
Windstream Corp.		9,659		103,062
				6,647,682

Transportation 1.9%
AMR Corp. *		7,438		57,049
C.H. Robinson Worldwide, Inc.		3,560		206,872
CSX Corp.		8,544		446,424
Delta Air Lines, Inc. *		17,093		232,123
Expeditors International of Washington, Inc.		4,632		176,896
FedEx Corp.		6,274		523,816
Hertz Global Holdings, Inc. *		4,094		46,508
J.B. Hunt Transport Services, Inc.		2,005		69,233
Kansas City Southern *		2,005		76,531
Norfolk Southern Corp.		8,010		452,244
Ryder System, Inc.		1,215		54,602
Southwest Airlines Co.		16,066		199,861
UAL Corp. *		3,560		71,236
Union Pacific Corp.		10,910		779,301
United Parcel Service, Inc., Class B		15,166		951,818
				4,344,514

Utilities 3.7%
AGL Resources, Inc.		1,602		58,473
Allegheny Energy, Inc.		3,607		73,799
Alliant Energy Corp.		2,361		75,883
Ameren Corp.		5,166		127,394
American Electric Power Co., Inc.		10,371		331,457
American Water Works Co., Inc.		1,958		39,826
Aqua America, Inc.		2,895		50,518
Atmos Energy Corp.		1,958		53,101
Calpine Corp. *		7,662		104,969
CenterPoint Energy, Inc.		8,033		109,409
CMS Energy Corp.		5,031		73,855
Consolidated Edison, Inc.		6,055		257,882
Constellation Energy Group, Inc.		3,916		138,548
Dominion Resources, Inc.		12,943		504,259
DPL, Inc.		2,539		63,577
DTE Energy Co.		3,607		164,155
Duke Energy Corp.		28,225		450,471
Edison International		6,454		208,851
Energen Corp.		1,602		70,921
Entergy Corp.		4,098		307,637
EQT Corp.		3,030		118,746
Exelon Corp.		14,309		552,327
FirstEnergy Corp.		6,633		233,548
FPL Group, Inc.		8,235		411,174
Integrys Energy Group, Inc.		1,602		72,442
ITC Holdings Corp.		1,068		56,294
MDU Resources Group, Inc.		3,785		70,779
Mirant Corp. *		3,204		39,794
National Fuel Gas Co.		1,424		69,206
NiSource, Inc.		5,921		88,578
Northeast Utilities		3,785		98,221
NRG Energy, Inc. *		5,522		128,939
NSTAR		2,314		81,245
NV Energy, Inc.		5,027		59,268
OGE Energy Corp.		2,148		78,273
ONEOK, Inc.		2,136		94,988
Pepco Holdings, Inc.		4,853		78,279
PG&E Corp.		8,157		338,515
Pinnacle West Capital Corp.		2,136		74,995
PPL Corp.		8,057		207,951
Progress Energy, Inc.		6,052		233,547
Public Service Enterprise Group, Inc.		11,076		339,258
Questar Corp.		3,738		167,687
SCANA Corp.		2,361		85,681
Sempra Energy		4,984		229,264
Southern Co.		17,800		582,060
TECO Energy, Inc.		4,319		67,160
The AES Corp. *		14,608		150,024
UGI Corp.		2,461		64,331
Vectren Corp.		1,780		41,029
Westar Energy, Inc.		2,314		50,908
Wisconsin Energy Corp.		2,492		122,108
Xcel Energy, Inc.		9,968		204,244
				8,555,848
Total Common Stock (Cost $238,751,680)				229,251,136


Other Investment Company 0.2% of net assets

Money Fund 0.2%
State Street Institutional Liquid Reserves Fund — Institutional Class		442,893		442,893
Total Other Investment Company (Cost $442,893)				442,893

Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

•

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. The fund does not adjust the quoted price for such investments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price.

•

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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•

Level 3—significant unobservable inputs (including the funds’ 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.


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	229,251,136	$	—	$	—	$	229,251,136
Other Investment Company(a)		442,893		—		—		442,893
Rights(a)		184		—		—		184

Total	$	229,694,213	$	—	$	—	$	229,694,213


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

REG54092MAY10

Schwab Strategic Trust
Schwab U.S. Large-Cap Growth ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.


				Cost		Value
Holdings by Category				($)		($)
	99.7	%	Common Stock		87,734,116		84,708,313
	0.2	%	Other Investment Company		193,805		193,805
	—	%	Rights		—		90
	99.9	%	Total Investments		87,927,921		84,902,208
	0.2	%	Other Assets and Liabilities, Net				87,394
	100.0	%	Net Assets				84,989,602


	Number		Value
Security	of Shares		($)
Common Stock 99.7% of net assets

Automobiles & Components 0.1%
Lear Corp. *		748		50,617
The Goodyear Tire & Rubber Co. *		4,098		48,766
				99,383

Banks 0.1%
Hudson City Bancorp, Inc.		8,196		103,352

Capital Goods 6.4%
Aecom Technology Corp. *		1,768		44,872
AGCO Corp. *		1,541		44,335
AMETEK, Inc.		1,768		71,781
Bucyrus International, Inc.		1,292		69,199
Caterpillar, Inc.		10,594		643,691
Cummins, Inc.		3,060		208,019
Danaher Corp.		4,233		336,015
Deere & Co.		7,176		413,912
Donaldson Co., Inc.		1,292		55,750
Dover Corp.		3,173		142,436
Emerson Electric Co.		12,838		596,197
Fastenal Co.		2,312		116,617
First Solar, Inc. *		816		91,686
Flowserve Corp.		952		90,535
Fluor Corp.		3,060		143,575
Goodrich Corp.		2,108		146,295
Illinois Tool Works, Inc.		7,312		339,496
ITT Corp.		3,060		147,737
Jacobs Engineering Group, Inc. *		2,108		88,030
Joy Global, Inc.		1,700		86,700
KBR, Inc.		2,720		59,786
Lincoln Electric Holdings, Inc.		748		41,738
McDermott International, Inc. *		3,826		84,861
MSC Industrial Direct Co., Class A		748		38,701
Navistar International Corp. *		884		47,895
Oshkosh Corp. *		1,496		53,153
PACCAR, Inc.		5,866		240,506
Pall Corp.		1,972		67,147
Precision Castparts Corp.		2,380		277,746
Quanta Services, Inc. *		3,554		73,674
Rockwell Collins, Inc.		2,719		158,626
Roper Industries, Inc.		1,564		90,743
Spirit AeroSystems Holdings, Inc., Class A *		1,700		33,116
SunPower Corp., Class A *		1,677		22,187
Textron, Inc.		4,574		94,545
The Shaw Group, Inc. *		1,428		48,709
URS Corp. *		1,496		66,692
W.W. Grainger, Inc.		1,020		103,785
				5,480,488

Commercial & Professional Services 1.0%
Copart, Inc. *		1,292		46,383
Corrections Corp. of America *		1,972		39,243
Covanta Holding Corp. *		2,244		34,625
Equifax, Inc.		2,108		63,767
FTI Consulting, Inc. *		884		37,800
IHS, Inc., Class A *		816		42,236
Iron Mountain, Inc.		3,128		76,699
Manpower, Inc.		1,292		59,057
Republic Services, Inc.		5,254		152,996
Robert Half International, Inc.		2,584		65,349
Stericycle, Inc. *		1,428		83,709
The Dun & Bradstreet Corp.		884		64,523
Towers Watson & Co., Class A		748		34,408
Verisk Analytics, Inc., Class A *		1,428		43,197
Waste Connections, Inc. *		1,360		47,886
				891,878

Consumer Durables & Apparel 1.0%
Coach, Inc.		5,322		218,787
Garmin Ltd.		2,040		68,503
Harman International Industries, Inc. *		1,156		37,339
NIKE, Inc., Class B		4,574		331,066
Polo Ralph Lauren Corp.		1,020		88,597
Pulte Homes, Inc. *		5,662		63,075
				807,367

Consumer Services 2.4%
Apollo Group, Inc., Class A *		2,176		115,676
Burger King Holdings, Inc.		1,632		31,024
Career Education Corp. *		1,020		28,560
Chipotle Mexican Grill, Inc. *		544		77,400
Darden Restaurants, Inc.		2,380		102,102
DeVry, Inc.		1,020		58,640
Education Management Corp. *		408		8,621
Hyatt Hotels Corp., Class A *		612		24,762
International Game Technology		5,050		98,828
ITT Educational Services, Inc. *		612		61,775
Las Vegas Sands Corp. *		7,339		172,320
Marriott International, Inc., Class A		5,322		178,021
MGM MIRAGE *		4,234		52,756
Starbucks Corp.		12,702		328,855
Starwood Hotels & Resorts Worldwide, Inc.		2,924		135,235
Strayer Education, Inc.		204		48,960
Weight Watchers International, Inc.		680		18,646
Wendy’s/Arby’s Group, Inc., Class A		6,206		27,989

Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Wyndham Worldwide Corp.		3,060		72,216
Wynn Resorts Ltd.		1,292		108,373
Yum! Brands, Inc.		7,856		321,703
				2,072,462

Diversified Financials 3.3%
Affiliated Managers Group, Inc. *		680		48,722
AmeriCredit Corp. *		1,156		24,993
BlackRock, Inc.		747		125,406
CIT Group, Inc. *		3,418		125,748
CME Group, Inc.		1,156		366,047
Discover Financial Services		9,261		124,560
Eaton Vance Corp.		1,972		58,943
Franklin Resources, Inc.		2,652		260,135
IntercontinentalExchange, Inc. *		1,224		142,143
Jefferies Group, Inc.		1,836		42,834
Leucadia National Corp. *		3,264		71,547
Moody’s Corp.		3,173		65,047
MSCI, Inc., Class A *		1,836		54,437
Northern Trust Corp.		4,098		208,219
SEI Investments Co.		2,652		55,931
SLM Corp. *		8,060		89,547
State Street Corp.		8,400		320,628
T. Rowe Price Group, Inc.		4,438		219,770
TD Ameritrade Holding Corp. *		4,030		71,452
The Charles Schwab Corp. (a)		16,504		269,675
The NASDAQ OMX Group, Inc. *		2,788		51,829
				2,797,613

Energy 9.5%
Alpha Natural Resources, Inc. *		2,040		78,275
Anadarko Petroleum Corp.		8,332		436,013
Arch Coal, Inc.		2,720		58,616
Baker Hughes, Inc.		7,250		276,525
Cabot Oil & Gas Corp.		1,768		61,332
Cameron International Corp. *		4,166		150,809
Chesapeake Energy Corp.		11,069		247,281
Cimarex Energy Co.		1,428		104,929
CNX Gas Corp. *		469		17,935
Cobalt International Energy, Inc. *		1,088		7,616
Concho Resources, Inc. *		1,292		67,249
CONSOL Energy, Inc.		3,734		136,216
Continental Resources, Inc. *		544		25,655
Denbury Resources, Inc. *		6,478		106,563
Diamond Offshore Drilling, Inc.		1,088		68,653
El Paso Corp.		12,022		136,329
EOG Resources, Inc.		4,302		451,022
EXCO Resources, Inc.		2,924		50,439
FMC Technologies, Inc. *		2,107		122,522
Halliburton Co.		15,236		378,310
Helmerich & Payne, Inc.		1,632		61,494
Hess Corp.		5,050		268,660
Massey Energy Co.		1,428		47,295
Murphy Oil Corp.		3,196		170,602
Nabors Industries Ltd. *		4,846		92,219
National-Oilwell Varco, Inc.		7,135		272,057
Newfield Exploration Co. *		2,244		116,823
Noble Energy, Inc.		2,969		176,626
Occidental Petroleum Corp.		13,808		1,139,298
Oceaneering International, Inc. *		884		40,903
Patterson-UTI Energy, Inc.		2,652		37,208
Peabody Energy Corp.		4,533		176,606
Petrohawk Energy Corp. *		5,118		98,419
Plains Exploration & Production Co. *		2,380		52,598
Pride International, Inc. *		2,629		65,120
Quicksilver Resources, Inc. *		2,040		24,908
Range Resources Corp.		2,652		119,207
Rowan Cos., Inc. *		1,768		43,776
Schlumberger Ltd.		20,304		1,140,070
Smith International, Inc.		4,234		159,029
Southwestern Energy Co. *		5,798		218,063
Ultra Petroleum Corp. *		2,584		118,916
Whiting Petroleum Corp. *		884		74,000
XTO Energy, Inc.		9,828		420,049
				8,116,235

Food & Staples Retailing 4.7%
Costco Wholesale Corp.		7,515		437,749
CVS Caremark Corp.		24,061		833,232
The Kroger Co.		10,390		209,151
Wal-Mart Stores, Inc.		36,831		1,862,175
Walgreen Co.		16,886		541,028
Whole Foods Market, Inc. *		2,289		92,544
				3,975,879

Food, Beverage & Tobacco 2.3%
Dean Foods Co. *		3,060		32,589
Flowers Foods, Inc.		1,428		35,286
Green Mountain Coffee Roasters, Inc. *		2,040		48,246
Hansen Natural Corp. *		1,224		47,797
PepsiCo, Inc.		27,711		1,742,745
Ralcorp Holdings, Inc. *		952		57,187
				1,963,850

Health Care Equipment & Services 8.1%
Aetna, Inc.		7,407		215,988
AmerisourceBergen Corp.		4,778		149,456
Baxter International, Inc.		10,322		435,898
Becton, Dickinson & Co.		3,758		267,945
Boston Scientific Corp. *		25,626		155,037
C.R. Bard, Inc.		1,632		132,143
CareFusion Corp. *		3,037		77,201
Cerner Corp. *		1,156		96,769
Community Health Systems, Inc. *		1,564		60,965
Coventry Health Care, Inc. *		2,493		51,605
DaVita, Inc. *		1,700		107,831
DENTSPLY International, Inc.		2,516		81,594
Edwards Lifesciences Corp. *		2,040		103,081
Express Scripts, Inc. *		4,302		432,781
Gen-Probe, Inc. *		816		35,871
Henry Schein, Inc. *		1,496		84,389
Hologic, Inc. *		4,506		67,139
Hospira, Inc. *		2,720		141,603
IDEXX Laboratories, Inc. *		1,088		68,805
Intuitive Surgical, Inc. *		680		219,484
Inverness Medical Innovations, Inc. *		1,496		52,076
Kinetic Concepts, Inc. *		1,020		42,228
Laboratory Corp. of America Holdings *		1,768		133,679
Lincare Holdings, Inc. *		1,224		57,308
McKesson Corp.		4,574		320,180
Medco Health Solutions, Inc. *		8,060		464,659
Medtronic, Inc.		18,858		738,856
Patterson Cos., Inc.		1,700		50,507
Quest Diagnostics, Inc.		2,652		139,893
ResMed, Inc. *		1,360		85,530

Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
St. Jude Medical, Inc. *		5,662		211,419
Stryker Corp.		5,186		275,014
UnitedHealth Group, Inc.		19,787		575,208
Varian Medical Systems, Inc. *		2,085		104,438
WellPoint, Inc. *		7,788		399,524
Zimmer Holdings, Inc. *		3,690		206,382
				6,842,486

Household & Personal Products 1.5%
Avon Products, Inc.		7,244		191,894
Church & Dwight Co., Inc.		1,156		76,076
Colgate-Palmolive Co.		8,535		666,498
Energizer Holdings, Inc. *		1,156		64,956
Mead Johnson Nutrition Co.		3,486		171,929
The Estee Lauder Cos., Inc., Class A		2,040		118,871
				1,290,224

Insurance 2.8%
Berkshire Hathaway, Inc., Class B *		32,584		2,298,801
Brown & Brown, Inc.		1,972		38,651
				2,337,452

Materials 4.9%
Airgas, Inc.		1,156		72,215
Albemarle Corp.		1,541		66,355
Alcoa, Inc.		17,429		202,874
Allegheny Technologies, Inc.		1,564		85,519
AptarGroup, Inc.		1,088		43,368
Ball Corp.		1,632		80,376
Celanese Corp., Series A		2,448		70,184
CF Industries Holdings, Inc.		1,109		76,066
Cliffs Natural Resources, Inc.		2,244		125,350
Crown Holdings, Inc. *		2,720		63,947
Ecolab, Inc.		4,030		190,337
FMC Corp.		1,224		74,113
Freeport-McMoRan Copper & Gold, Inc.		7,312		512,206
Intrepid Potash, Inc. *		748		18,446
Martin Marietta Materials, Inc.		748		69,736
Monsanto Co.		9,216		468,818
Nalco Holding Co.		2,312		52,390
Newmont Mining Corp.		8,128		437,449
Nucor Corp.		4,846		208,620
Pactiv Corp. *		2,244		64,134
Praxair, Inc.		5,254		407,710
Reliance Steel & Aluminum Co.		1,088		49,950
Sigma-Aldrich Corp.		1,813		96,597
Southern Copper Corp.		3,622		106,777
Steel Dynamics, Inc.		3,690		54,132
The Lubrizol Corp.		1,156		102,387
The Mosaic Co.		2,516		116,164
United States Steel Corp.		2,448		115,570
Vulcan Materials Co.		1,904		96,114
				4,127,904

Media 3.1%
Cablevision Systems Corp., Class A		4,030		99,984
Clear Channel Outdoor Holdings, Inc., Class A *		680		6,338
Comcast Corp., Class A		49,120		888,581
DIRECTV, Class A *		15,916		599,874
Discovery Communications, Inc., Series A *		4,778		179,939
DISH Network Corp., Class A		3,622		75,519
DreamWorks Animation SKG, Inc., Class A *		1,156		34,322
John Wiley & Sons, Inc., Class A		883		34,967
Liberty Global, Inc., Series A *		4,234		109,237
Liberty Media — Starz, Series A *		884		46,251
Scripps Networks Interactive, Class A		1,428		64,517
Sirius XM Radio, Inc. *		65,690		67,661
The Interpublic Group of Cos., Inc. *		8,264		69,004
Viacom, Inc., Class B		9,148		307,464
Virgin Media, Inc.		4,982		80,509
				2,664,167

Pharmaceuticals, Biotechnology & Life Sciences 5.5%
Alexion Pharmaceuticals, Inc. *		1,496		74,845
Allergan, Inc.		5,254		316,238
Amgen, Inc. *		17,253		893,360
Amylin Pharmaceuticals, Inc. *		2,153		35,568
Biogen Idec, Inc. *		4,601		218,225
Celgene Corp. *		7,815		412,319
Cephalon, Inc. *		1,292		76,047
Charles River Laboratories International, Inc. *		1,155		38,739
Covance, Inc. *		1,088		57,403
Endo Pharmaceuticals Holdings, Inc. *		1,768		37,022
Genzyme Corp. *		4,506		219,217
Gilead Sciences, Inc. *		15,552		558,628
Human Genome Sciences, Inc. *		3,128		77,449
Illumina, Inc. *		2,108		88,620
King Pharmaceuticals, Inc. *		4,166		36,119
Life Technologies Corp. *		3,059		153,134
Mettler-Toledo International, Inc. *		544		62,304
Millipore Corp. *		952		101,112
Mylan, Inc. *		5,185		100,796
Myriad Genetics, Inc. *		1,632		29,784
OSI Pharmaceuticals, Inc. *		1,019		58,470
PerkinElmer, Inc.		1,972		44,745
Perrigo Co.		1,428		84,838
Pharmaceutical Product Development, Inc.		1,904		51,103
Talecris Biotherapeutics Holdings Corp. *		816		13,529
Techne Corp.		612		37,057
Thermo Fisher Scientific, Inc. *		6,972		362,962
United Therapeutics Corp. *		816		41,796
Valeant Pharmaceuticals International *		1,156		53,731
Vertex Pharmaceuticals, Inc. *		3,264		112,902
Waters Corp. *		1,632		111,694
Watson Pharmaceuticals, Inc. *		1,836		81,078
				4,640,834

Real Estate 1.0%
CB Richard Ellis Group, Inc., Class A *		4,234		67,024
Digital Realty Trust, Inc.		1,292		73,528
Public Storage		2,176		201,694
Simon Property Group, Inc.		4,846		412,055
Ventas, Inc.		2,652		124,511
				878,812

Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Retailing 5.9%
Abercrombie & Fitch Co., Class A		1,496		53,602
Advance Auto Parts, Inc.		1,632		84,472
Amazon.com, Inc. *		5,934		744,480
American Eagle Outfitters, Inc.		2,992		39,195
AutoZone, Inc. *		476		90,859
Bed Bath & Beyond, Inc. *		4,438		199,133
Best Buy Co., Inc.		5,775		243,994
CarMax, Inc. *		3,418		74,273
Dollar General Corp. *		612		18,501
Dollar Tree, Inc. *		1,522		95,262
Expedia, Inc.		3,554		76,624
Family Dollar Stores, Inc.		2,244		91,421
GameStop Corp., Class A *		2,788		63,539
Guess?, Inc.		1,020		38,750
Kohl’s Corp. *		4,914		249,385
Lowe’s Cos., Inc.		24,905		616,399
Netflix, Inc. *		816		90,698
Nordstrom, Inc.		2,856		113,383
O’Reilly Automotive, Inc. *		2,312		117,958
PetSmart, Inc.		2,108		66,950
Priceline.com, Inc. *		748		142,988
Ross Stores, Inc.		2,108		110,459
Sears Holdings Corp. *		816		71,857
Staples, Inc.		12,294		264,567
Target Corp.		11,681		636,965
The Sherwin-Williams Co.		1,632		125,060
The TJX Cos., Inc.		7,244		329,312
Tiffany & Co.		2,108		95,766
Urban Outfitters, Inc. *		2,244		81,457
				5,027,309

Semiconductors & Semiconductor Equipment 2.1%
Advanced Micro Devices, Inc. *		9,556		81,895
Altera Corp.		4,982		117,426
Applied Materials, Inc.		22,887		295,471
Broadcom Corp., Class A		7,312		252,410
Cree, Inc. *		1,632		108,316
Lam Research Corp. *		2,175		82,346
Linear Technology Corp.		3,486		97,469
LSI Corp. *		11,002		58,641
Marvell Technology Group Ltd. *		8,332		158,141
MEMC Electronic Materials, Inc. *		3,826		43,425
Micron Technology, Inc. *		14,420		131,078
NVIDIA Corp. *		9,487		124,659
ON Semiconductor Corp. *		7,312		53,451
Varian Semiconductor Equipment Associates, Inc. *		1,292		40,168
Xilinx, Inc.		4,710		115,159
				1,760,055

Software & Services 14.7%
Activision Blizzard, Inc.		9,669		103,942
Adobe Systems, Inc. *		8,944		286,923
Akamai Technologies, Inc. *		2,924		116,141
Alliance Data Systems Corp. *		952		67,268
ANSYS, Inc. *		1,564		68,394
Autodesk, Inc. *		3,826		111,949
Automatic Data Processing, Inc.		8,580		350,750
BMC Software, Inc. *		3,128		115,767
CA, Inc.		7,108		143,937
Citrix Systems, Inc. *		3,060		133,447
Cognizant Technology Solutions Corp., Class A *		4,982		249,299
DST Systems, Inc.		748		28,663
eBay, Inc. *		18,721		400,817
Electronic Arts, Inc. *		5,662		93,480
Equinix, Inc. *		680		62,567
FactSet Research Systems, Inc.		748		50,901
Fidelity National Information Services, Inc.		5,594		153,947
Fiserv, Inc. *		2,584		122,869
Genpact Ltd. *		1,768		29,862
Global Payments, Inc.		1,360		57,378
Google, Inc., Class A *		3,894		1,889,291
Hewitt Associates, Inc., Class A *		1,632		60,792
IAC/InterActiveCorp *		1,745		40,929
Intuit, Inc. *		4,959		177,235
Lender Processing Services, Inc.		1,632		55,390
MasterCard, Inc., Class A		1,700		343,009
McAfee, Inc. *		2,652		84,334
Microsoft Corp.		133,001		3,431,426
Nuance Communications, Inc. *		4,030		68,651
Oracle Corp.		65,240		1,472,467
Paychex, Inc.		5,526		157,712
Red Hat, Inc. *		3,196		93,675
Rovi Corp. *		1,836		68,556
SAIC, Inc. *		6,768		116,342
Salesforce.com, Inc. *		1,768		152,985
Sybase, Inc. *		1,360		87,489
Symantec Corp. *		14,012		198,550
Total System Services, Inc.		3,350		48,910
VeriSign, Inc. *		3,309		92,354
Visa, Inc., Class A		7,312		529,827
VMware, Inc., Class A *		1,020		67,534
Western Union Co.		11,236		179,327
Yahoo!, Inc. *		22,320		342,389
				12,507,475

Technology Hardware & Equipment 15.2%
Agilent Technologies, Inc. *		5,934		192,024
Amphenol Corp., Class A		2,924		123,978
Apple, Inc. *		15,440		3,970,550
Arrow Electronics, Inc. *		2,040		55,651
Brocade Communications Systems, Inc. *		7,584		41,333
Cisco Systems, Inc. *		98,329		2,277,300
Corning, Inc.		26,646		464,440
Dell, Inc. *		29,451		392,582
Dolby Laboratories, Inc., Class A *		884		58,353
EMC Corp. *		34,791		647,808
F5 Networks, Inc. *		1,360		95,649
FLIR Systems, Inc. *		2,582		73,561
Harris Corp.		2,221		104,187
Hewlett-Packard Co.		40,430		1,860,184
Ingram Micro, Inc., Class A *		2,788		47,284
Itron, Inc. *		680		45,329
Jabil Circuit, Inc.		3,418		46,792
Juniper Networks, Inc. *		9,012		239,899
Motorola, Inc. *		36,627		250,895
NCR Corp. *		2,720		36,122
NetApp, Inc. *		5,707		215,040
QUALCOMM, Inc.		28,680		1,019,861
SanDisk Corp. *		3,894		181,538
Seagate Technology *		8,468		130,069

Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Tellabs, Inc.		6,002		54,018
Teradata Corp. *		2,924		93,393
Trimble Navigation Ltd. *		2,040		58,609
Western Digital Corp. *		3,920		136,455
				12,912,904

Telecommunication Services 0.8%
American Tower Corp., Class A *		6,836		277,063
Clearwire Corp., Class A *		1,224		9,963
Crown Castle International Corp. *		4,234		156,785
MetroPCS Communications, Inc. *		4,234		38,064
NII Holdings, Inc. *		2,788		101,679
SBA Communications Corp., Class A *		1,972		65,135
				648,689

Transportation 2.5%
AMR Corp. *		5,662		43,428
C.H. Robinson Worldwide, Inc.		2,833		164,626
CSX Corp.		6,700		350,075
Delta Air Lines, Inc. *		13,400		181,972
Expeditors International of Washington, Inc.		3,622		138,324
FedEx Corp.		4,914		410,270
Hertz Global Holdings, Inc. *		3,128		35,534
J.B. Hunt Transport Services, Inc.		1,632		56,353
Kansas City Southern *		1,632		62,293
UAL Corp. *		2,856		57,149
Union Pacific Corp.		8,603		614,512
				2,114,536

Utilities 0.8%
Calpine Corp. *		5,934		81,296
EQT Corp.		2,448		95,937
ITC Holdings Corp.		843		44,435
NRG Energy, Inc. *		4,370		102,039
ONEOK, Inc.		1,700		75,599
Questar Corp.		2,924		131,171
The AES Corp. *		11,342		116,482
				646,959

Total Common Stock (Cost $87,734,116)				84,708,313


Other Investment Company 0.2% of net assets

Money Fund 0.2%
State Street Institutional Liquid Reserves Fund — Institutional Class		193,805		193,805
Total Other Investment Company (Cost $193,805)				193,805


Rights 0.0% of net assets

Telecommunication Services 0.0%
Clearwire Corp. *		270		90
Total Rights (Cost $—)				90

End of Investments

At 05/31/10, the tax basis cost of the fund’s investments was $87,946,710 and the unrealized appreciation and depreciation were $2,723,084 and ($5,767,586), respectively, with a net unrealized depreciation of ($3,044,502).


*		Non-income producing security.

(a)		Issuer is affiliated with the fund’s adviser.


Security name	The Charles Schwab Corp.
Shares held at beginning of period as of December 9, 2009		—
Gross additions		17,716
Gross sales		1,212
Shares held at 5/31/2010		16,504
Market value at 5/31/2010	$	269,675
Realized gain during the period	$	267
Dividends received during the period	$	1,604

Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

•


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	84,708,313	$	—	$	—	$	84,708,313
Other Investment Company(a)		193,805		—		—		193,805
Rights(a)		90		—		—		90

Total	$	84,902,208	$	—	$	—	$	84,902,208


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

REG56689MAY10

Schwab Strategic Trust
Schwab U.S. Large-Cap Value ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.

Cost

Value

Holdings by Category

($)

99.4

Common Stock

59,498,591

57,184,344

0.3

Other Investment Company

169,326

99.7

Total Investments

59,667,917

57,353,670

0.3

Other Assets and Liabilities, Net

181,599

100.0

Net Assets

57,535,269


	Number		Value
Security	of Shares		($)
Common Stock 99.4% of net assets

Automobiles & Components 1.2%
BorgWarner, Inc. *		1,175		43,781
Ford Motor Co. *		33,736		395,723
Harley-Davidson, Inc.		2,368		71,537
Johnson Controls, Inc.		6,821		194,603
				705,644

Banks 5.8%
BB&T Corp.		6,952		210,228
BOK Financial Corp.		282		14,255
Capitol Federal Financial		235		7,520
City National Corp.		423		24,399
Comerica, Inc.		1,759		67,018
Commerce Bancshares, Inc.		660		24,532
Cullen/Frost Bankers, Inc.		564		30,952
Fifth Third Bancorp		8,098		105,193
First Horizon National Corp. *		2,265		28,199
Huntington Bancshares, Inc.		7,281		44,851
KeyCorp		8,944		71,731
M&T Bank Corp.		707		56,023
Marshall & Ilsley Corp.		5,336		43,488
New York Community Bancorp, Inc.		4,333		69,545
People’s United Financial, Inc.		3,818		53,337
PNC Financial Services Group, Inc.		5,290		331,948
Regions Financial Corp.		12,100		92,323
SunTrust Banks, Inc.		5,083		136,987
TFS Financial Corp.		940		12,446
U.S. Bancorp		19,475		466,621
Wells Fargo & Co.		50,109		1,437,627
				3,329,223

Capital Goods 8.9%
3M Co.		6,672		529,156
Alliant Techsystems, Inc. *		331		22,769
Eaton Corp.		1,709		119,544
General Dynamics Corp.		3,281		222,780
General Electric Co.		109,041		1,782,820
Harsco Corp.		799		21,741
Honeywell International, Inc.		7,101		303,710
Hubbell, Inc., Class B		564		24,055
L-3 Communications Holdings, Inc.		1,175		97,090
Lockheed Martin Corp.		3,138		250,789
Masco Corp.		3,657		48,821
Northrop Grumman Corp.		2,858		172,880
Owens Corning, Inc. *		1,128		37,596
Parker Hannifin Corp.		1,663		102,208
Pentair, Inc.		989		33,982
Raytheon Co.		3,912		205,028
Rockwell Automation, Inc.		1,434		76,619
SPX Corp.		497		29,373
The Boeing Co.		6,905		443,163
United Technologies Corp.		8,836		595,370
				5,119,494

Commercial & Professional Services 0.5%
Avery Dennison Corp.		1,128		38,555
Cintas Corp.		1,334		34,684
Pitney Bowes, Inc.		2,088		47,272
R.R. Donnelley & Sons Co.		2,086		39,968
Waste Management, Inc.		4,666		151,692
				312,171

Consumer Durables & Apparel 1.2%
D.R. Horton, Inc.		2,809		34,242
Fortune Brands, Inc.		1,524		72,314
Hasbro, Inc.		1,289		51,753
Leggett & Platt, Inc.		1,571		36,573
Lennar Corp., Class A		1,616		27,957
Mattel, Inc.		3,657		79,211
Mohawk Industries, Inc. *		564		31,674
Newell Rubbermaid, Inc.		2,819		46,964
NVR, Inc. *		93		63,731
Stanley Black & Decker, Inc.		1,591		88,762
Toll Brothers, Inc. *		1,381		29,098
VF Corp.		895		69,228
Whirlpool Corp.		752		78,539
				710,046

Consumer Services 1.7%
Carnival Corp.		4,237		153,506
H&R Block, Inc.		3,420		54,994
McDonald’s Corp.		11,005		735,904
Penn National Gaming, Inc. *		658		16,845
Royal Caribbean Cruises Ltd. *		1,383		40,107
				1,001,356

Diversified Financials 11.1%
American Express Co.		10,719		427,367
Ameriprise Financial, Inc.		2,603		103,573
Bank of America Corp.		101,572		1,598,743
Bank of New York Mellon Corp.		12,194		331,677
Capital One Financial Corp.		4,566		188,576
Citigroup, Inc. *		210,096		831,980
ETRADE Financial Corp.		19,005		28,127
Federated Investors, Inc., Class B		1,036		23,010
Invesco Ltd.		4,384		81,367
JPMorgan Chase & Co.		40,638		1,608,452

Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Legg Mason, Inc.		1,618		48,087
Morgan Stanley		12,617		342,047
NYSE Euronext		2,603		74,628
Raymond James Financial, Inc.		987		27,902
The Goldman Sachs Group, Inc.		4,472		645,131
				6,360,667

Energy 11.3%
Apache Corp.		3,419		306,137
Chevron Corp.		20,525		1,516,182
ConocoPhillips		13,275		688,442
Devon Energy Corp.		4,286		273,661
Exxon Mobil Corp.		48,539		2,934,668
Forest Oil Corp. *		1,034		27,546
Marathon Oil Corp.		7,234		224,905
Pioneer Natural Resources Co.		1,175		74,848
Southern Union Co.		1,034		22,510
Spectra Energy Corp.		6,511		130,285
Sunoco, Inc.		1,175		35,097
The Williams Cos., Inc.		5,863		115,794
Tidewater, Inc.		517		21,616
Valero Energy Corp.		5,759		107,578
				6,479,269

Food & Staples Retailing 0.5%
Safeway, Inc.		4,149		91,859
SUPERVALU, Inc.		2,133		28,731
Sysco Corp.		5,994		178,681
				299,271

Food, Beverage & Tobacco 8.2%
Altria Group, Inc.		21,025		426,597
Archer-Daniels-Midland Co.		5,994		151,468
Brown-Forman Corp., Class B		1,119		62,060
Bunge Ltd.		1,387		67,630
Campbell Soup Co.		2,182		78,137
Coca-Cola Enterprises, Inc.		3,234		84,407
ConAgra Foods, Inc.		4,566		110,406
Constellation Brands, Inc., Class A *		1,992		33,187
Dr. Pepper Snapple Group, Inc.		2,368		89,652
General Mills, Inc.		3,163		225,300
H.J. Heinz Co.		3,187		140,802
Hormel Foods Corp.		707		28,139
Kellogg Co.		2,417		129,140
Kraft Foods, Inc., Class A		16,337		467,238
Lorillard, Inc.		1,638		117,101
McCormick & Co., Inc.		1,177		45,397
Molson Coors Brewing Co., Class B		1,616		66,321
Philip Morris International, Inc.		19,430		857,252
Reynolds American, Inc.		1,712		89,264
Sara Lee Corp.		6,717		95,180
Smithfield Foods, Inc. *		1,571		27,084
The Coca-Cola Co.		21,730		1,116,922
The Hershey Co.		1,618		75,722
The J.M. Smucker Co.		1,180		65,160
Tyson Foods, Inc., Class A		2,950		51,861
				4,701,427

Health Care Equipment & Services 0.7%
Beckman Coulter, Inc.		705		40,495
Cardinal Health, Inc.		3,683		127,027
CIGNA Corp.		2,762		92,444
Humana, Inc. *		1,710		78,746
Omnicare, Inc.		1,175		29,504
Teleflex, Inc.		402		22,544
Universal Health Services, Inc., Class B		942		39,922
				430,682

Household & Personal Products 3.8%
Alberto-Culver Co.		893		24,575
Kimberly-Clark Corp.		4,239		257,307
The Clorox Co.		1,430		89,833
The Procter & Gamble Co.		29,967		1,830,684
				2,202,399

Insurance 5.4%
Aflac, Inc.		4,754		210,602
Alleghany Corp. *		95		27,750
Allied World Assurance Co. Holdings Ltd.		386		17,335
American Financial Group, Inc.		799		22,292
American International Group, Inc. *		1,175		41,572
American National Insurance Co.		187		19,500
Aon Corp.		2,462		97,175
Arch Capital Group Ltd. *		517		38,010
Assurant, Inc.		1,175		40,773
Assured Guaranty Ltd.		1,475		24,780
Axis Capital Holdings Ltd.		1,475		44,840
Cincinnati Financial Corp.		1,569		42,661
CNA Financial Corp. *		282		7,355
Everest Re Group Ltd.		574		41,718
Fidelity National Financial, Inc., Class A		2,321		33,469
First American Corp.		1,250		42,537
Genworth Financial, Inc., Class A *		4,970		77,482
Hanover Insurance Group, Inc.		519		22,577
HCC Insurance Holdings, Inc.		1,128		28,279
Lincoln National Corp.		3,093		81,841
Loews Corp.		3,561		115,768
Markel Corp. *		96		33,173
Marsh & McLennan Cos., Inc.		5,336		116,378
MetLife, Inc.		5,900		238,891
Old Republic International Corp.		2,274		31,518
PartnerRe Ltd.		845		61,643
Principal Financial Group, Inc.		3,044		82,766
Prudential Financial, Inc.		4,709		271,756
Reinsurance Group of America, Inc.		752		35,321
RenaissanceRe Holdings Ltd.		613		33,139
The Allstate Corp.		5,477		167,761
The Chubb Corp.		3,471		174,383
The Hartford Financial Services Group, Inc.		3,937		98,701
The Progressive Corp.		6,464		126,630
The Travelers Cos., Inc.		5,252		259,816
Torchmark Corp.		846		43,594
Transatlantic Holdings, Inc.		658		30,946
Unum Group		3,373		77,916
Validus Holdings Ltd.		940		23,086
W.R. Berkley Corp.		1,430		38,982
Wesco Financial Corp.		13		4,600
White Mountains Insurance Group Ltd.		94		30,719
XL Capital Ltd., Class A		3,467		61,054
				3,121,089

Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Materials 2.5%
Air Products & Chemicals, Inc.		2,013		139,018
Ashland, Inc.		705		37,795
Bemis Co., Inc.		1,081		31,003
E.I. du Pont de Nemours & Co.		8,617		311,677
Eastman Chemical Co.		705		42,575
Huntsman Corp.		1,710		17,066
International Flavors & Fragrances, Inc.		799		35,555
International Paper Co.		4,051		94,105
MeadWestvaco Corp.		1,522		36,376
Owens-Illinois, Inc. *		1,710		51,864
PPG Industries, Inc.		1,687		108,086
Sealed Air Corp.		1,616		33,677
Sonoco Products Co.		989		30,570
The Dow Chemical Co.		11,659		313,744
The Scotts Miracle-Gro Co., Class A		470		20,882
The Valspar Corp.		940		29,488
Walter Energy, Inc.		537		42,600
Weyerhaeuser Co.		2,133		90,823
				1,466,904

Media 3.3%
CBS Corp., Class B		6,088		88,641
Gannett Co., Inc.		2,415		37,529
Interactive Data Corp.		423		13,769
News Corp., Class A		23,646		312,127
Omnicom Group, Inc.		3,185		120,871
The McGraw-Hill Cos., Inc.		3,185		88,543
The Walt Disney Co.		18,376		614,126
The Washington Post Co., Class B		93		43,313
Time Warner Cable, Inc.		3,599		196,973
Time Warner, Inc.		11,922		369,463
				1,885,355

Pharmaceuticals, Biotechnology & Life Sciences 9.7%
Abbott Laboratories		15,753		749,213
Bristol-Myers Squibb Co.		17,305		401,649
Dendreon Corp. *		1,336		57,982
Eli Lilly & Co.		9,996		327,769
Forest Laboratories, Inc. *		3,091		79,995
Johnson & Johnson		28,294		1,649,540
Merck & Co., Inc.		31,791		1,071,039
Pfizer, Inc.		82,317		1,253,688
				5,590,875

Real Estate 2.5%
AMB Property Corp.		1,656		42,940
Annaly Capital Management, Inc.		5,626		95,417
AvalonBay Communities, Inc.		832		81,586
Boston Properties, Inc.		1,428		109,499
Brookfield Properties Corp.		2,603		38,082
Equity Residential		2,809		126,770
Federal Realty Investment Trust		613		45,178
HCP, Inc.		2,997		95,484
Health Care REIT, Inc.		1,222		52,644
Host Hotels & Resorts, Inc.		6,445		91,906
Kimco Realty Corp.		4,098		58,601
Liberty Property Trust		1,130		34,815
Nationwide Health Properties, Inc.		1,203		42,694
Piedmont Office Realty Trust, Inc., Class A		564		10,705
Plum Creek Timber Co., Inc.		1,663		58,238
ProLogis		4,811		54,749
Rayonier, Inc.		799		35,859
Realty Income Corp.		1,034		32,199
Regency Centers Corp.		921		33,847
SL Green Realty Corp.		785		48,898
The Macerich Co.		1,288		53,272
The St. Joe Co. *		940		25,991
Vornado Realty Trust		1,851		143,786
				1,413,160

Retailing 1.9%
AutoNation, Inc. *		752		15,062
Genuine Parts Co.		1,618		65,707
J.C. Penney Co., Inc.		2,088		57,399
Liberty Media Corp. — Interactive, Series A *		6,041		78,352
Limited Brands, Inc.		2,809		69,832
Macy’s, Inc.		4,284		95,148
The Gap, Inc.		5,179		112,902
The Home Depot, Inc.		17,305		585,947
				1,080,349

Semiconductors & Semiconductor Equipment 3.2%
Analog Devices, Inc.		3,044		88,794
Intel Corp.		56,879		1,218,348
KLA-Tencor Corp.		1,757		54,063
Maxim Integrated Products, Inc.		3,091		54,896
Microchip Technology, Inc.		1,853		51,606
National Semiconductor Corp.		2,415		33,931
Texas Instruments, Inc.		12,758		311,550
				1,813,188

Software & Services 0.3%
AOL, Inc. *		1,104		22,776
Broadridge Financial Solutions, Inc.		1,269		24,263
Computer Sciences Corp.		1,571		78,534
Synopsys, Inc. *		1,485		31,809
				157,382

Technology Hardware & Equipment 3.2%
Avnet, Inc. *		1,522		43,712
International Business Machines Corp.		13,274		1,662,701
Molex, Inc.		1,336		28,296
Xerox Corp.		13,812		128,590
				1,863,299

Telecommunication Services 4.8%
AT&T, Inc.		60,740		1,475,982
CenturyTel, Inc.		2,999		102,956
Frontier Communications Corp.		3,148		25,027
Level 3 Communications, Inc. *		16,431		22,017
Qwest Communications International, Inc.		14,186		74,335
Sprint Nextel Corp. *		29,354		150,586
Telephone & Data Systems, Inc.		942		30,973
United States Cellular Corp. *		141		5,853
Verizon Communications, Inc.		29,170		802,758
Windstream Corp.		4,472		47,716
				2,738,203

Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Transportation 1.4%
Norfolk Southern Corp.		3,743		211,330
Ryder System, Inc.		517		23,234
Southwest Airlines Co.		7,563		94,084
United Parcel Service, Inc., Class B		7,140		448,106
				776,754

Utilities 6.3%
AGL Resources, Inc.		754		27,521
Allegheny Energy, Inc.		1,710		34,987
Alliant Energy Corp.		1,128		36,254
Ameren Corp.		2,417		59,603
American Electric Power Co., Inc.		4,848		154,942
American Water Works Co., Inc.		895		18,204
Aqua America, Inc.		1,381		24,098
Atmos Energy Corp.		940		25,493
CenterPoint Energy, Inc.		3,726		50,748
CMS Energy Corp.		2,321		34,072
Consolidated Edison, Inc.		2,866		122,063
Constellation Energy Group, Inc.		1,851		65,488
Dominion Resources, Inc.		6,096		237,500
DPL, Inc.		1,222		30,599
DTE Energy Co.		1,665		75,774
Duke Energy Corp.		13,275		211,869
Edison International		3,044		98,504
Energen Corp.		707		31,299
Entergy Corp.		1,926		144,585
Exelon Corp.		6,717		259,276
FirstEnergy Corp.		3,093		108,905
FPL Group, Inc.		3,871		193,279
Integrys Energy Group, Inc.		754		34,096
MDU Resources Group, Inc.		1,767		33,043
Mirant Corp. *		1,475		18,319
National Fuel Gas Co.		707		34,360
NiSource, Inc.		2,809		42,023
Northeast Utilities		1,757		45,594
NSTAR		1,083		38,024
NV Energy, Inc.		2,368		27,919
OGE Energy Corp.		987		35,966
Pepco Holdings, Inc.		2,227		35,922
PG&E Corp.		3,751		155,666
Pinnacle West Capital Corp.		1,034		36,304
PPL Corp.		3,796		97,975
Progress Energy, Inc.		2,856		110,213
Public Service Enterprise Group, Inc.		5,177		158,572
SCANA Corp.		1,128		40,935
Sempra Energy		2,321		106,766
Southern Co.		8,380		274,026
TECO Energy, Inc.		2,041		31,738
UGI Corp.		1,083		28,310
Vectren Corp.		801		18,463
Westar Energy, Inc.		1,081		23,782
Wisconsin Energy Corp.		1,175		57,575
Xcel Energy, Inc.		4,660		95,483
				3,626,137
Total Common Stock (Cost $59,498,591)				57,184,344


Other Investment Company 0.3% of net assets

Money Fund 0.3%
State Street Institutional Liquid Reserves Fund — Institutional Class		169,326		169,326
Total Other Investment Company (Cost $169,326)				169,326

End of Investments

At 5/31/10, the tax basis cost of the fund’s investments was $59,672,094 and the unrealized appreciation and depreciation were $624,627 and ($2,943,051), respectively, with a net unrealized depreciation of ($2,318,424).


*		Non-income producing security.

Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

•


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	57,184,344	$	—	$	—	$	57,184,344
Other Investment Company(a)		169,326		—		—		169,326

Total	$	57,353,670	$	—	$	—	$	57,353,670


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

REG56690MAY10

Schwab Strategic Trust
Schwab U.S. Small-Cap ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.


				Cost		Value
Holdings by Category				($)		($)
	99.9	%	Common Stock		190,207,092		188,651,289
	—	%	Other Investment Company		54,605		54,605
	—	%	Rights		—		304
	99.9	%	Total Investments		190,261,697		188,706,198
	0.1	%	Other Assets and Liabilities, Net				199,469
	100.0	%	Net Assets				188,905,667


	Number		Value
Security	of Shares		($)
Common Stock 99.9% of net assets
Automobiles & Components 1.3%
American Axle & Manufacturing Holdings, Inc. *		8,596		77,106
ArvinMeritor, Inc. *		12,142		176,545
Cooper Tire & Rubber Co.		8,556		161,794
Dana Holding Corp. *		19,692		213,855
Dorman Products, Inc. *		1,781		40,322
Drew Industries, Inc. *		2,779		60,971
Exide Technologies *		7,280		31,013
Federal-Mogul Corp. *		3,410		58,857
Fuel Systems Solutions, Inc. *		1,966		52,551
Gentex Corp.		19,555		384,843
Modine Manufacturing Co. *		6,507		75,611
Superior Industries International, Inc.		3,071		45,451
Tenneco, Inc. *		8,446		187,163
Thor Industries, Inc.		5,314		154,956
TRW Automotive Holdings Corp. *		11,289		339,573
WABCO Holdings, Inc. *		8,999		273,570
Winnebago Industries, Inc. *		4,071		49,381
				2,383,562

Banks 7.6%
1st Source Corp.		1,995		38,364
Arrow Financial Corp.		1,518		38,679
Associated Banc-Corp		23,598		316,921
Astoria Financial Corp.		12,489		185,836
BancFirst Corp.		995		39,492
BancorpSouth, Inc.		10,966		212,631
Bank Mutual Corp.		6,636		42,603
Bank of Hawaii Corp.		6,728		323,146
Bank of the Ozarks, Inc.		1,779		62,781
BankFinancial Corp.		2,794		23,833
Beneficial Mutual Bancorp, Inc. *		5,175		53,354
Berkshire Hills Bancorp, Inc.		1,995		36,389
Boston Private Financial Holdings, Inc.		9,585		70,162
Brookline Bancorp, Inc.		8,308		82,748
Camden National Corp.		967		30,364
Capital City Bank Group, Inc.		1,794		26,928
CapitalSource, Inc.		36,977		167,876
Cardinal Financial Corp.		4,007		42,073
Cathay General Bancorp		10,826		119,303
Centerstate Banks, Inc.		3,322		38,436
Chemical Financial Corp.		3,557		86,151
Citizens Republic Bancorp, Inc. *		55,342		60,876
City Holding Co.		2,271		72,876
Clifton Savings Bancorp, Inc.		1,518		13,358
CoBiz Financial, Inc.		5,202		34,489
Columbia Banking System, Inc.		3,960		88,427
Community Bank System, Inc.		4,623		105,636
Community Trust Bancorp, Inc.		1,966		52,728
CVB Financial Corp.		13,318		132,248
Danvers Bancorp, Inc.		2,685		42,504
Dime Community Bancshares		4,375		55,825
Doral Financial Corp. *		1,246		3,987
East West Bancorp, Inc.		15,598		265,166
ESSA Bancorp, Inc.		1,794		22,497
F.N.B. Corp.		16,174		132,465
Fannie Mae *		157,210		154,066
First Bancorp		2,380		38,413
First BanCorp Puerto Rico		11,273		14,993
First Busey Corp.		8,164		38,289
First Citizens BancShares, Inc., Class A		828		165,600
First Commonwealth Financial Corp.		11,137		58,247
First Community Bancshares, Inc.		2,271		36,472
First Financial Bancorp		8,053		128,002
First Financial Bankshares, Inc.		2,769		138,948
First Financial Corp.		1,581		44,821
First Financial Holdings, Inc.		2,380		33,368
First Financial Northwest, Inc.		2,104		10,120
First Interstate BancSystem, Inc.		1,194		18,806
First Merchants Corp.		3,564		30,757
First Midwest Bancorp, Inc.		10,126		140,448
First Niagara Financial Group, Inc.		28,858		381,214
FirstMerit Corp.		14,565		271,492
Flagstar Bancorp, Inc. *		5,583		28,362
Flushing Financial Corp.		4,100		55,514
Freddie Mac *		91,596		113,579
Fulton Financial Corp.		27,916		277,764
Glacier Bancorp, Inc.		9,920		157,331
Great Southern Bancorp, Inc.		1,269		31,332
Hancock Holding Co.		4,504		172,188
Heartland Financial USA, Inc.		1,995		35,671
Home Bancshares, Inc.		3,549		83,674
Hudson Valley Holding Corp.		1,703		40,736
IBERIABANK Corp.		3,680		202,142
Independent Bank Corp.		2,961		71,715
International Bancshares Corp.		7,618		150,455
Investors Bancorp, Inc. *		6,618		90,402
Kearny Financial Corp.		2,961		26,027
Lakeland Financial Corp.		1,996		40,319
MB Financial, Inc.		7,168		156,621
Meridian Interstate Bancorp, Inc. *		1,518		17,396
MGIC Investment Corp. *		17,699		165,663
Nara Bancorp, Inc. *		4,760		36,319
National Penn Bancshares, Inc.		17,865		124,876
NBT Bancorp, Inc.		4,790		105,140
NewAlliance Bancshares, Inc.		14,179		166,887
Northfield Bancorp, Inc.		2,932		42,631
Northwest Bancshares, Inc.		6,326		73,571
Ocwen Financial Corp. *		10,519		127,911

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Old National Bancorp		12,379		142,111
Oriental Financial Group, Inc.		4,486		61,368
Oritani Financial Corp.		1,582		23,081
Orrstown Financial Services, Inc.		983		24,005
PacWest Bancorp		4,233		88,216
Park National Corp.		1,655		107,078
Pinnacle Financial Partners, Inc. *		4,623		63,196
Popular, Inc. *		90,735		274,927
PrivateBancorp, Inc.		10,136		134,302
Prosperity Bancshares, Inc.		6,589		237,468
Provident Financial Services, Inc.		8,004		98,929
Provident New York Bancorp		5,257		47,786
Radian Group, Inc.		18,372		188,864
Renasant Corp.		2,961		42,490
Republic Bancorp, Inc., Class A		1,443		33,405
Rockville Financial, Inc.		1,133		13,664
Roma Financial Corp.		1,104		12,751
S&T Bancorp, Inc.		3,824		82,484
S.Y. Bancorp, Inc.		1,657		38,840
Sandy Spring Bancorp, Inc.		2,271		35,155
Santander BanCorp *		739		8,240
SCBT Financial Corp.		1,717		61,451
Signature Bank *		5,727		216,710
Simmons First National Corp., Class A		2,133		56,226
Southside Bancshares, Inc.		2,245		45,461
StellarOne Corp.		3,209		44,156
Sterling Bancorp		3,645		34,883
Sterling Bancshares, Inc.		14,703		78,661
Suffolk Bancorp		1,380		43,498
Susquehanna Bancshares, Inc.		17,515		153,607
SVB Financial Group *		5,775		259,066
Synovus Financial Corp.		60,132		177,991
TCF Financial Corp.		18,679		301,479
Texas Capital Bancshares, Inc. *		5,066		92,556
The PMI Group, Inc. *		22,676		106,350
Tompkins Financial Corp.		1,172		46,669
TowneBank		3,548		51,694
TriCo Bancshares		2,104		38,482
TrustCo Bank Corp.		10,707		66,705
Trustmark Corp.		7,894		176,589
UMB Financial Corp.		4,761		185,441
Umpqua Holdings Corp.		15,991		200,847
Union First Market Bankshares Corp.		2,975		46,350
United Bankshares, Inc.		6,066		163,297
United Community Banks, Inc. *		13,373		61,984
United Financial Bancorp, Inc.		2,133		28,923
Univest Corp. of Pennsylvania		2,380		45,839
Valley National Bancorp		22,991		332,457
ViewPoint Financial Group		1,519		24,122
Washington Federal, Inc.		15,899		274,735
Washington Trust Bancorp, Inc.		1,967		35,898
Webster Financial Corp.		10,000		191,500
WesBanco, Inc.		3,547		66,755
Westamerica Bancorp		4,100		228,247
Western Alliance Bancorp *		9,522		76,652
Westfield Financial, Inc.		3,941		33,538
Whitney Holding Corp.		13,589		161,030
Wilmington Trust Corp.		12,445		187,671
Wilshire Bancorp, Inc.		3,185		32,423
Wintrust Financial Corp.		4,229		150,806
WSFS Financial Corp.		995		40,128
Zions Bancorp		19,556		468,366
				14,267,037

Capital Goods 9.9%
3D Systems Corp. *		2,637		36,285
A.O. Smith Corp.		3,485		162,471
A123 Systems, Inc. *		10,333		94,030
AAON, Inc.		1,995		49,237
AAR CORP. *		5,451		107,385
Aceto Corp.		3,622		22,674
Actuant Corp., Class A		9,585		193,809
Acuity Brands, Inc.		6,052		248,919
Advanced Battery Technologies, Inc. *		7,999		26,237
Aerovironment, Inc. *		2,104		52,684
Aircastle Ltd.		6,313		62,183
Albany International Corp., Class A		3,623		68,185
Altra Holdings, Inc. *		3,823		47,711
American Railcar Industries, Inc.		1,380		19,555
American Science & Engineering, Inc.		1,282		89,830
American Superconductor Corp. *		5,727		175,590
American Woodmark Corp.		1,380		33,907
Ameron International Corp.		1,242		80,494
Ampco-Pittsburgh Corp.		1,133		26,252
Apogee Enterprises, Inc.		3,933		53,725
Applied Industrial Technologies, Inc.		5,514		152,076
Applied Signal Technology, Inc.		1,857		32,757
Argon ST, Inc. *		1,555		37,398
Armstrong World Industries, Inc. *		2,538		95,150
Astec Industries, Inc. *		2,409		71,957
AZZ, Inc.		1,774		65,496
Badger Meter, Inc.		2,108		83,414
Baldor Electric Co.		6,086		218,670
Barnes Group, Inc.		6,204		116,139
BE Aerospace, Inc. *		13,455		364,900
Beacon Roofing Supply, Inc. *		6,451		135,471
Belden, Inc.		6,590		170,681
Blount International, Inc. *		5,514		58,834
Brady Corp., Class A		6,619		192,481
Briggs & Stratton Corp.		7,033		145,091
Broadwind Energy, Inc. *		7,491		16,555
Builders FirstSource, Inc. *		6,625		22,326
Capstone Turbine Corp. *		32,945		37,887
Carlisle Cos., Inc.		8,694		338,110
Cascade Corp.		1,225		40,768
Ceradyne, Inc. *		3,685		79,412
Chart Industries, Inc. *		4,071		74,988
CIRCOR International, Inc.		2,409		71,595
CLARCOR, Inc.		7,264		263,393
Colfax Corp. *		3,622		43,210
Columbus McKinnon Corp. *		2,685		43,980
Comfort Systems USA, Inc.		5,514		60,764
Crane Co.		7,170		233,240
Cubic Corp.		2,243		81,600
Curtiss-Wright Corp.		6,343		210,080
DigitalGlobe, Inc. *		3,826		107,013
Douglas Dynamics, Inc. *		1,467		17,384
Ducommun, Inc.		1,443		28,528
Dycom Industries, Inc. *		5,651		55,832
Dynamic Materials Corp.		1,794		28,543
DynCorp International, Inc., Class A *		3,485		59,628
EMCOR Group, Inc. *		9,246		230,873
Encore Wire Corp.		2,683		52,989
Ener1, Inc. *		7,864		27,367
Energy Conversion Devices, Inc. *		6,617		36,757
Energy Recovery, Inc. *		4,789		17,145
EnerSys *		5,899		132,727

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
EnPro Industries, Inc. *		2,795		88,266
ESCO Technologies, Inc.		3,760		98,399
Esterline Technologies Corp. *		4,228		226,874
Evergreen Solar, Inc. *		27,829		26,438
Federal Signal Corp.		6,946		47,302
Force Protection, Inc. *		9,832		43,703
Franklin Electric Co., Inc.		2,685		78,295
FreightCar America, Inc.		1,657		44,441
FuelCell Energy, Inc. *		11,958		25,710
Furmanite Corp. *		5,203		25,495
Gardner Denver, Inc.		7,280		331,531
GATX Corp.		5,727		165,568
GenCorp, Inc. *		8,002		41,610
Generac Holdings, Inc. *		2,656		29,189
General Cable Corp. *		7,280		226,845
GeoEye, Inc. *		2,656		84,381
Gibraltar Industries, Inc. *		3,624		47,547
Graco, Inc.		8,556		271,140
GrafTech International Ltd. *		16,974		281,938
Graham Corp.		1,443		24,084
Granite Construction, Inc.		4,790		142,023
Great Lakes Dredge & Dock Co.		6,341		36,936
Griffon Corp. *		7,223		87,687
GT Solar International, Inc. *		8,798		48,037
H&E Equipment Services, Inc. *		4,070		40,659
HEICO Corp., Class A		3,491		104,765
Hexcel Corp. *		13,656		218,086
Houston Wire & Cable Co.		2,363		27,104
IDEX Corp.		11,347		346,537
II-VI, Inc. *		3,622		121,409
Insituform Technologies, Inc., Class A *		5,451		111,527
Interline Brands, Inc. *		4,514		89,874
John Bean Technologies Corp.		3,933		67,608
Kaman Corp.		3,548		86,891
Kaydon Corp.		4,761		178,728
Kennametal, Inc.		11,351		320,212
L.B. Foster Co., Class A *		1,381		38,765
Ladish Co., Inc. *		2,105		53,214
Lawson Products, Inc.		690		9,501
Layne Christensen Co. *		2,794		69,878
Lennox International, Inc.		7,394		330,881
Lindsay Corp.		1,793		61,267
MasTec, Inc. *		6,866		79,852
Michael Baker Corp. *		1,131		41,010
Moog, Inc., Class A *		5,927		195,650
Mueller Industries, Inc.		5,204		137,958
Mueller Water Products, Inc., Class A		21,792		94,359
MYR Group, Inc. *		2,656		43,797
NACCO Industries, Inc., Class A		773		65,365
Nordson Corp.		4,199		279,779
Northwest Pipe Co. *		1,271		26,106
Orbital Sciences Corp. *		8,033		127,484
Orion Marine Group, Inc. *		3,761		57,167
Otter Tail Corp.		4,485		88,758
Pike Electric Corp. *		2,518		24,853
Polypore International, Inc. *		3,235		66,026
Powell Industries, Inc. *		1,104		32,452
Power-One, Inc. *		11,415		89,151
Primoris Services Corp.		1,518		10,398
Quanex Building Products Corp.		5,396		107,542
Raven Industries, Inc.		2,400		85,008
RBC Bearings, Inc. *		3,099		86,772
Regal-Beloit Corp.		5,204		313,749
Robbins & Myers, Inc.		3,623		80,032
RSC Holdings, Inc. *		6,757		49,394
Rush Enterprises, Inc., Class A *		4,623		70,223
Sauer-Danfoss, Inc. *		1,519		21,752
Seaboard Corp.		54		77,004
Simpson Manufacturing Co., Inc.		5,376		157,087
Snap-On, Inc.		8,142		359,876
Standex International Corp.		1,832		47,650
Stanley, Inc. *		2,547		94,086
Sterling Construction Co., Inc. *		2,242		36,858
Sun Hydraulics Corp.		1,719		44,763
TAL International Group, Inc.		1,719		41,239
Taser International, Inc. *		8,723		38,992
Tecumseh Products Co., Class A *		2,409		31,486
Teledyne Technologies, Inc. *		5,066		199,144
Tennant Co.		2,380		79,706
Terex Corp. *		15,284		332,580
Textainer Group Holdings Ltd.		2,519		61,841
The Gorman-Rupp Co.		1,762		49,953
The Greenbrier Cos., Inc. *		2,815		40,283
The Manitowoc Co., Inc.		18,471		220,359
The Middleby Corp. *		2,656		149,559
The Timken Co.		10,937		314,876
The Toro Co.		4,805		257,019
Thomas & Betts Corp. *		7,556		289,697
Titan International, Inc.		4,980		52,639
Titan Machinery, Inc. *		2,104		27,268
TransDigm Group, Inc.		5,257		277,359
Tredegar Corp.		3,410		56,197
Trex Co., Inc. *		1,967		44,730
Trinity Industries, Inc.		11,273		246,315
Triumph Group, Inc.		2,321		161,101
Tutor Perini Corp. *		3,762		83,893
Tyco International Ltd.		—		4
United Rentals, Inc. *		8,556		103,955
Universal Forest Products, Inc.		2,774		102,777
USG Corp. *		9,523		166,843
Valence Technology, Inc. *		8,435		7,929
Valmont Industries, Inc.		2,992		237,026
Vicor Corp. *		2,933		35,783
Wabtec Corp.		6,866		297,641
Watsco, Inc.		3,962		231,975
Watts Water Technologies, Inc., Class A		4,100		132,840
WESCO International, Inc. *		5,919		221,371
Woodward Governor Co.		8,168		234,422
				18,725,480

Commercial & Professional Services 2.8%
ABM Industries, Inc.		6,038		129,636
Acacia Research — Acacia Technologies *		4,418		66,491
Acco Brands Corp. *		7,556		53,345
Administaff, Inc.		3,237		78,109
American Reprographics Co. *		5,513		52,870
APAC Customer Services, Inc. *		4,375		28,306
ATC Technology Corp. *		2,823		52,790
Bowne & Co., Inc.		5,789		64,084
CBIZ, Inc. *		6,868		45,329
CDI Corp.		1,795		28,666
Cenveo, Inc. *		8,170		60,295
Clean Harbors, Inc. *		3,228		204,623
Consolidated Graphics, Inc. *		1,498		68,818
Cornell Cos., Inc. *		1,906		51,538
CoStar Group, Inc. *		2,932		119,538
Courier Corp.		1,578		24,980

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
CRA International, Inc. *		1,518		33,730
Deluxe Corp.		6,889		147,907
EnergySolutions, Inc.		10,966		68,538
EnerNOC, Inc. *		2,381		66,906
Ennis, Inc.		3,623		63,729
Exponent, Inc. *		1,966		54,045
Fuel Tech, Inc. *		2,518		15,435
G&K Services, Inc., Class A		2,548		61,636
Healthcare Services Group, Inc.		5,452		109,640
Heidrick & Struggles International, Inc.		2,409		55,768
Herman Miller, Inc.		7,915		152,205
Hill International, Inc. *		3,823		18,045
HNI Corp.		5,204		159,555
Huron Consulting Group, Inc. *		2,962		69,370
ICF International, Inc. *		1,794		40,239
Innerworkings, Inc. *		4,651		32,231
Interface, Inc. Class A		7,694		90,674
KAR Auction Services, Inc. *		3,234		45,082
Kelly Services, Inc., Class A *		3,933		57,382
Kforce, Inc. *		5,439		73,535
Kimball International, Inc., Class B		3,685		25,906
Knoll, Inc.		6,728		99,507
Korn/Ferry International *		6,452		90,199
M&F Worldwide Corp. *		1,719		53,581
McGrath Rentcorp		3,411		79,681
Metalico, Inc. *		5,039		24,993
Mine Safety Appliances Co.		4,485		122,710
Mistras Group, Inc. *		2,151		25,683
Mobile Mini, Inc. *		4,982		79,712
Monster Worldwide, Inc. *		17,837		263,809
Navigant Consulting, Inc. *		7,033		85,240
On Assignment, Inc. *		5,137		28,408
Protection One, Inc. *		1,644		26,123
Resources Connection, Inc. *		6,617		106,798
RINO International Corp. *		1,267		16,357
Rollins, Inc.		7,280		154,773
Schawk, Inc.		1,719		29,103
School Specialty, Inc. *		2,243		48,202
SFN Group, Inc.*		7,416		56,807
Standard Parking Corp. *		995		15,432
Steelcase, Inc., Class A		10,402		87,169
Sykes Enterprises, Inc. *		5,504		94,999
Team, Inc. *		2,685		40,382
Tetra Tech, Inc. *		8,584		194,556
The Advisory Board Co. *		2,134		79,214
The Brink’s Co.		6,756		153,159
The Corporate Executive Board Co.		4,790		155,148
The Geo Group, Inc. *		7,225		152,447
The Standard Register Co.		2,242		8,946
TrueBlue, Inc. *		6,175		82,066
United Stationers, Inc. *		3,433		200,556
US Ecology, Inc.		2,409		34,087
Viad Corp.		2,795		64,732
Volt Information Sciences, Inc. *		1,518		15,271
VSE Corp.		548		20,994
				5,361,820

Consumer Durables & Apparel 4.0%
American Apparel, Inc. *		4,898		7,739
American Greetings Corp., Class A		5,204		122,710
Beazer Homes USA, Inc. *		8,322		41,360
Blyth, Inc.		924		45,867
Brookfield Homes Corp. *		1,380		14,021
Brunswick Corp.		12,351		215,772
Callaway Golf Co.		9,108		76,689
Carter’s, Inc. *		8,157		249,278
Cavco Industries, Inc. *		959		35,013
Columbia Sportswear Co.		2,133		109,167
Crocs, Inc. *		11,213		116,055
CSS Industries, Inc.		1,342		25,350
Deckers Outdoor Corp. *		1,830		264,838
Eastman Kodak Co. *		36,086		203,525
Ethan Allen Interiors, Inc.		3,762		75,992
Fossil, Inc. *		6,727		252,263
Furniture Brands International, Inc. *		4,927		38,578
G-III Apparel Group Ltd. *		2,055		58,917
Hanesbrands, Inc. *		13,317		363,288
Helen of Troy Ltd. *		3,962		102,061
Hovnanian Enterprises, Inc., Class A *		7,002		43,342
Iconix Brand Group, Inc. *		10,109		164,271
iRobot Corp. *		2,823		60,582
JAKKS Pacific, Inc. *		3,961		58,662
Jarden Corp.		12,380		360,382
Jones Apparel Group, Inc.		12,075		237,153
K-Swiss, Inc., Class A *		3,686		45,965
KB HOME		10,881		157,557
Kenneth Cole Productions, Inc., Class A *		1,104		12,994
La-Z-Boy, Inc. *		7,280		86,414
Leapfrog Enterprises, Inc. *		5,513		28,557
Liz Claiborne, Inc. *		13,456		82,485
M.D.C Holdings, Inc.		5,038		158,093
M/I Homes, Inc. *		2,519		29,825
Maidenform Brands, Inc. *		3,259		75,413
Marine Products Corp. *		2,104		15,212
Meritage Homes Corp. *		4,237		90,587
Movado Group, Inc. *		2,518		30,921
National Presto Industries, Inc.		690		67,096
Oxford Industries, Inc.		1,995		41,576
Perry Ellis International, Inc. *		1,370		32,962
Phillips-Van Heusen Corp.		7,256		397,121
Polaris Industries, Inc.		4,456		261,567
Pool Corp.		6,865		164,691
Quiksilver, Inc. *		18,117		84,425
RC2 Corp. *		2,933		54,554
Sealy Corp. *		6,450		20,963
Skechers U.S.A., Inc., Class A *		4,623		174,195
Skyline Corp.		966		18,257
Smith & Wesson Holding Corp. *		8,144		35,467
Standard Pacific Corp. *		14,728		74,376
Steven Madden Ltd. *		3,570		120,416
Tempur-Pedic International, Inc. *		9,834		326,489
The Ryland Group, Inc.		6,117		113,776
The Timberland Co., Class A *		6,452		123,943
The Warnaco Group, Inc. *		6,452		274,791
True Religion Apparel, Inc. *		3,623		100,031
Tupperware Brands Corp.		8,832		375,272
Under Armour, Inc., Class A *		5,313		178,995
UniFirst Corp.		1,966		88,470
Universal Electronics, Inc. *		1,918		37,439
Volcom, Inc. *		2,409		48,084
Weyco Group, Inc.		1,208		27,772
Wolverine World Wide, Inc.		7,003		200,986
				7,600,612

Consumer Services 3.9%
AFC Enterprises, Inc. *		3,622		37,886
Ambassadors Group, Inc.		2,794		32,662

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
American Public Education, Inc. *		2,519		103,002
Ameristar Casinos, Inc.		3,347		60,313
Bally Technologies, Inc. *		7,694		326,995
Biglari Holdings, Inc. *		199		60,516
BJ’s Restaurants, Inc. *		2,824		65,489
Bob Evans Farms, Inc.		4,347		126,237
Boyd Gaming Corp. *		8,004		105,413
Bridgepoint Education, Inc. *		2,657		57,311
Brinker International, Inc.		14,318		254,574
Buffalo Wild Wings, Inc. *		2,519		92,951
California Pizza Kitchen, Inc. *		3,410		62,164
Cambium Learning Group, Inc. *		2,822		13,687
Capella Education Co. *		2,133		183,246
CEC Entertainment, Inc. *		3,228		130,540
Choice Hotels International, Inc.		4,235		141,068
Churchill Downs, Inc.		1,500		50,295
CKE Restaurants, Inc.		7,142		88,275
Coinstar, Inc. *		4,097		219,845
Corinthian Colleges, Inc. *		12,343		165,273
Cracker Barrel Old Country Store, Inc.		3,208		159,855
Denny’s Corp. *		13,624		43,052
DineEquity, Inc. *		2,242		75,712
Domino’s Pizza, Inc. *		6,066		78,858
Gaylord Entertainment Co. *		4,900		130,291
Grand Canyon Education, Inc. *		2,243		55,088
Hillenbrand, Inc.		8,723		211,882
International Speedway Corp., Class A		3,962		110,500
Interval Leisure Group, Inc. *		5,590		75,577
Isle of Capri Casinos, Inc. *		2,518		25,079
Jack in the Box, Inc. *		8,033		180,260
K12, Inc. *		4,229		105,810
Krispy Kreme Doughnuts, Inc. *		8,416		31,139
Landry’s Restaurants, Inc. *		995		23,850
Life Time Fitness, Inc. *		5,899		218,912
Lincoln Educational Services Corp. *		1,659		39,534
Matthews International Corp., Class A		4,389		142,116
Morgans Hotel Group Co. *		4,067		30,889
Orient-Express Hotels Ltd., Class A *		14,627		147,586
P.F. Chang’s China Bistro, Inc.		3,090		134,322
Panera Bread Co., Class A *		4,448		359,532
Papa John’s International, Inc. *		3,071		76,253
Peet’s Coffee & Tea, Inc. *		1,857		72,144
Pinnacle Entertainment, Inc. *		8,418		101,858
Pre-Paid Legal Services, Inc. *		1,086		50,304
Red Robin Gourmet Burgers, Inc. *		1,993		41,076
Regis Corp.		8,033		147,727
Ruby Tuesday, Inc. *		8,583		92,353
Scientific Games Corp., Class A *		9,832		100,483
Service Corp. International		35,563		303,708
Shuffle Master, Inc. *		7,557		62,723
Sonic Corp. *		8,557		90,276
Sotheby’s		9,522		309,465
Speedway Motorsports, Inc.		1,966		28,664
Steiner Leisure Ltd. *		1,728		71,712
Stewart Enterprises, Inc., Class A		11,828		71,796
Texas Roadhouse, Inc. *		7,340		107,164
The Cheesecake Factory, Inc. *		8,030		204,765
The Marcus Corp.		2,961		32,423
Universal Technical Institute, Inc. *		3,344		82,095
Vail Resorts, Inc. *		5,165		214,916
WMS Industries, Inc. *		8,308		384,910
				7,404,401

Diversified Financials 2.2%
Advance America Cash Advance Centers, Inc.		7,169		34,626
Artio Global Investors, Inc.		3,485		64,438
Asset Acceptance Capital Corp. *		1,518		8,971
BGC Partners, Inc., Class A		5,452		33,966
Calamos Asset Management, Inc., Class A		2,794		30,734
Cardtronics, Inc. *		3,276		42,424
Cash America International, Inc.		4,209		155,523
Cohen & Steers, Inc.		2,795		67,639
CompuCredit Holdings Corp.		4,484		20,537
Cowen Group, Inc., Class A *		4,726		22,401
Credit Acceptance Corp. *		828		39,471
Dollar Financial Corp. *		3,429		69,266
Duff & Phelps Corp., Class A		3,235		43,640
Encore Capital Group, Inc. *		1,966		41,089
Epoch Holding Corp.		2,055		24,372
Evercore Partners, Inc., Class A		2,242		73,089
EZCORP, Inc., Class A *		6,314		115,609
FBR Capital Markets Corp. *		5,591		22,644
Financial Engines, Inc. *		1,420		21,641
First Cash Financial Services, Inc. *		3,750		78,863
GAMCO Investors, Inc., Class A		552		21,876
GFI Group, Inc.		9,109		55,110
Gleacher & Co., Inc. *		9,831		38,734
GLG Partners, Inc. *		24,154		102,896
Greenhill & Co., Inc.		3,993		276,675
Interactive Brokers Group, Inc., Class A *		5,727		96,042
International Assets Holding Corp. *		1,918		31,379
Investment Technology Group, Inc. *		6,176		104,127
Janus Capital Group, Inc.		25,426		271,041
KBW, Inc. *		4,899		122,916
Knight Capital Group, Inc., Class A *		13,179		192,545
LaBranche & Co., Inc. *		6,045		25,691
Life Partners Holdings, Inc.		994		20,099
MarketAxess Holdings, Inc.		3,932		58,036
MF Global Holdings Ltd. *		14,042		108,123
Nelnet, Inc., Class A		4,099		81,160
NewStar Financial, Inc. *		3,932		27,249
optionsXpress Holdings, Inc. *		6,314		101,340
Penson Worldwide, Inc. *		2,932		19,820
PHH Corp. *		7,639		168,440
PICO Holdings, Inc. *		2,514		83,691
Piper Jaffray Cos., Inc. *		2,771		91,748
Portfolio Recovery Associates, Inc. *		2,379		162,866
Pzena Investment Management, Inc., Class A *		828		5,804
Riskmetrics Group, Inc. *		4,347		94,026
Stifel Financial Corp. *		4,238		214,740
SWS Group, Inc.		4,651		46,696
The First Marblehead Corp. *		8,835		24,738
The Student Loan Corp.		552		16,201
TradeStation Group, Inc. *		4,622		32,862
Waddell & Reed Financial, Inc., Class A		12,189		326,787
Westwood Holdings Group, Inc.		828		30,760
World Acceptance Corp. *		2,104		75,176
				4,140,337

Energy 5.5%
Allis-Chalmers Energy, Inc. *		5,898		16,986

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Alon USA Energy, Inc.		1,656		11,178
American Oil & Gas, Inc. *		7,911		50,947
Apco Oil & Gas International, Inc.		1,243		35,115
Arena Resources, Inc. *		5,144		169,135
Atlas Energy, Inc. *		11,136		343,880
ATP Oil & Gas Corp. *		6,037		64,234
Atwood Oceanics, Inc. *		7,867		213,589
Basic Energy Services, Inc. *		3,347		27,312
Berry Petroleum Co., Class A		6,646		204,298
Bill Barrett Corp. *		4,761		155,018
BPZ Resources, Inc. *		14,732		75,428
Brigham Exploration Co. *		16,042		275,602
Bristow Group, Inc. *		4,790		155,675
Bronco Drilling Co., Inc. *		3,214		11,731
Cal Dive International, Inc. *		13,240		73,085
CARBO Ceramics, Inc.		2,932		189,700
Carrizo Oil & Gas, Inc. *		3,933		69,771
Cheniere Energy, Inc. *		7,003		19,818
Clayton Williams Energy, Inc. *		1,242		56,387
Clean Energy Fuels Corp. *		5,451		81,329
Cloud Peak Energy, Inc. *		4,509		66,553
Complete Production Services, Inc. *		8,694		113,109
Comstock Resources, Inc. *		6,452		192,528
Contango Oil & Gas Co. *		1,878		94,426
Crosstex Energy, Inc. *		6,452		43,615
Crude Carriers Corp. *		1,918		31,359
CVR Energy, Inc. *		7,729		58,431
Dawson Geophysical Co. *		1,104		24,818
Delek US Holdings, Inc.		1,969		13,054
Delta Petroleum Corp. *		25,295		29,848
DHT Holding, Inc.		7,004		29,067
Dresser-Rand Group, Inc. *		11,574		368,400
Dril-Quip, Inc. *		4,258		207,407
Energy Partners Ltd. *		4,863		61,760
Exterran Holdings, Inc. *		8,832		225,216
Frontier Oil Corp.		14,732		204,922
Gastar Exploration Ltd. *		6,175		25,997
General Maritime Corp.		7,282		50,319
Global Geophysical Services, Inc. *		1,087		10,131
Global Industries Ltd. *		14,593		76,175
GMX Resources, Inc. *		4,099		27,955
Goodrich Petroleum Corp. *		3,761		46,035
Green Plains Renewable Energy, Inc. *		2,363		26,253
Gulf Island Fabrication, Inc.		1,657		30,273
Gulfmark Offshore, Inc., Class A *		3,623		94,705
Gulfport Energy Corp. *		3,761		49,382
Harvest Natural Resources, Inc. *		4,761		36,041
Helix Energy Solutions Group, Inc. *		13,318		145,033
Hercules Offshore, Inc. *		16,283		50,803
Holly Corp.		5,900		152,810
Hornbeck Offshore Services, Inc. *		3,347		51,142
Houston American Energy Corp.		2,500		30,250
International Coal Group, Inc. *		19,919		86,249
ION Geophysical Corp. *		12,766		69,319
Isramco, Inc. *		238		12,140
James River Coal Co. *		3,933		63,085
Key Energy Services, Inc. *		17,561		167,883
Kodiak Oil & Gas Corp. *		16,404		53,149
Lufkin Industries, Inc.		2,098		167,274
Mariner Energy, Inc. *		14,456		309,069
Matrix Service Co. *		3,931		38,681
McMoRan Exploration Co. *		11,213		120,540
Newpark Resources, Inc. *		12,491		80,192
Northern Oil and Gas, Inc. *		6,146		88,687
Oil States International, Inc. *		6,980		272,499
Overseas Shipholding Group, Inc.		3,758		145,397
OYO Geospace Corp. *		685		31,257
Parker Drilling Co. *		16,285		78,331
Patriot Coal Corp. *		10,936		182,303
Penn Virginia Corp.		6,451		141,212
Petroleum Development Corp. *		2,656		54,714
PetroQuest Energy, Inc. *		7,913		49,694
PHI, Inc. *		1,966		34,661
Pioneer Drilling Co. *		6,041		35,823
Rentech, Inc. *		30,171		31,680
Resolute Energy Corp. *		6,313		79,481
Rex Energy Corp. *		4,726		49,387
Rosetta Resources, Inc. *		7,418		162,677
RPC, Inc.		4,624		52,205
SandRidge Energy, Inc. *		25,727		165,682
SEACOR Holdings, Inc. *		2,657		193,908
Seahawk Drilling, Inc. *		1,381		16,696
Ship Finance International Ltd.		5,899		106,654
St. Mary Land & Exploration Co.		8,832		381,896
Stone Energy Corp. *		6,037		80,956
Superior Energy Services, Inc. *		10,937		237,989
Superior Well Services, Inc. *		3,959		59,820
Swift Energy Co. *		5,302		146,600
T-3 Energy Services, Inc. *		1,795		47,873
Teekay Corp.		5,650		142,549
Tesco Corp. *		4,485		50,367
Tesoro Corp.		19,726		230,794
TETRA Technologies, Inc. *		10,661		107,250
Unit Corp. *		6,727		275,067
USEC, Inc. *		15,872		83,804
VAALCO Energy, Inc. *		7,869		42,020
Venoco, Inc. *		2,794		40,429
W&T Offshore, Inc.		5,674		55,265
Warren Resources, Inc. *		10,244		30,937
Western Refining, Inc. *		7,693		40,465
Willbros Group, Inc. *		5,548		51,541
World Fuel Services Corp.		8,417		219,094
				10,433,280

Food & Staples Retailing 0.9%
Arden Group, Inc., Class A		167		14,871
BJ’s Wholesale Club, Inc. *		7,694		308,299
Casey’s General Stores, Inc.		7,170		264,358
Ingles Markets, Inc., Class A		1,719		26,112
Nash Finch Co.		1,857		67,056
PriceSmart, Inc.		2,260		54,263
Rite Aid Corp. *		85,842		98,718
Ruddick Corp.		6,037		199,342
Spartan Stores, Inc.		3,237		49,332
Susser Holdings Corp. *		1,443		14,473
The Andersons, Inc.		2,538		83,069
The Great Atlantic & Pacific Tea Co., Inc. *		5,065		27,300
The Pantry, Inc. *		3,208		49,050
United Natural Foods, Inc. *		5,589		173,538
Village Super Market, Inc., Class A		690		18,547
Weis Markets, Inc.		1,858		62,745
Winn-Dixie Stores, Inc. *		7,694		86,173
				1,597,246

Food, Beverage & Tobacco 1.7%
Alico, Inc.		580		14,732

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Alliance One International, Inc. *		12,518		52,200
American Italian Pasta Co., Class A *		2,933		114,123
B&G Foods, Inc., Class A		6,756		71,614
Cal-Maine Foods, Inc.		1,855		60,046
Calavo Growers, Inc.		1,602		25,584
Central European Distribution Corp. *		8,705		222,500
Chiquita Brands International, Inc. *		6,205		76,632
Coca-Cola Bottling Co. Consolidated		610		30,354
Corn Products International, Inc.		10,224		340,970
Darling International, Inc. *		11,689		93,512
Del Monte Foods Co.		28,247		411,841
Diamond Foods, Inc.		3,034		125,759
Dole Food Co., Inc. *		5,066		46,354
Farmer Brothers Co.		829		14,499
Fresh Del Monte Produce, Inc. *		5,926		118,520
J&J Snack Foods Corp.		2,015		89,527
Lancaster Colony Corp.		2,932		160,263
Lance, Inc.		4,514		87,120
National Beverage Corp.		1,381		16,489
Pilgrim’s Pride Corp. *		6,864		54,775
Sanderson Farms, Inc.		2,547		139,703
Seneca Foods Corp., Class A *		1,233		36,324
Smart Balance, Inc. *		8,832		52,815
The Boston Beer Co., Inc., Class A *		1,368		90,356
The Hain Celestial Group, Inc. *		5,790		124,832
Tootsie Roll Industries, Inc.		3,298		82,582
TreeHouse Foods, Inc. *		4,915		226,582
Universal Corp.		3,429		140,143
Vector Group Ltd.		5,928		93,070
				3,213,821

Health Care Equipment & Services 7.2%
Abaxis, Inc. *		3,071		69,128
ABIOMED, Inc. *		4,624		45,084
Accuray, Inc. *		7,301		44,536
AGA Medical Holdings, Inc. *		1,966		27,642
Air Methods Corp. *		1,581		52,062
Align Technology, Inc. *		10,542		157,287
Alimera Sciences, Inc. *		871		7,613
Alliance HealthCare Services, Inc. *		4,072		22,640
Allscripts-Misys Healthcare Solutions, Inc. *		8,281		155,766
Almost Family, Inc. *		1,124		40,880
Alphatec Holdings, Inc. *		7,048		37,566
Amedisys, Inc. *		3,961		196,941
American Medical Systems Holdings, Inc. *		10,413		234,917
AMERIGROUP Corp. *		7,207		258,875
AMN Healthcare Services, Inc. *		4,624		38,472
AmSurg Corp. *		4,375		86,625
Analogic Corp.		1,857		80,260
AngioDynamics, Inc. *		3,485		51,473
ArthroCare Corp. *		2,933		86,260
Assisted Living Concepts, Inc., Class A *		1,443		47,835
athenahealth, Inc. *		4,485		111,049
Atrion Corp.		274		37,360
Bio-Reference Labs, Inc. *		3,390		77,529
BioScrip, Inc. *		5,411		35,117
Brookdale Senior Living, Inc. *		8,002		140,755
Cantel Medical Corp.		1,857		31,829
CardioNet, Inc. *		3,484		26,896
Catalyst Health Solutions, Inc. *		5,396		206,613
Centene Corp. *		6,754		154,126
Chemed Corp.		3,185		181,258
Clarient, Inc. *		6,864		20,798
Computer Programs & Systems, Inc.		1,581		67,999
Conceptus, Inc. *		3,485		58,165
CONMED Corp. *		4,072		79,160
Continucare Corp. *		4,418		17,098
CorVel Corp. *		995		35,293
Cross Country Healthcare, Inc. *		4,099		34,882
CryoLife, Inc. *		4,070		21,083
Cyberonics, Inc. *		3,685		64,709
Dexcom, Inc. *		6,588		69,372
Eclipsys Corp. *		8,004		153,317
Emdeon, Inc., Class A *		6,479		87,596
Emergency Medical Services Corp., Class A *		3,978		213,101
Emeritus Corp. *		2,795		56,711
ev3, Inc. *		9,695		183,429
Genoptix, Inc. *		2,381		63,477
Gentiva Health Services, Inc. *		4,071		112,482
Greatbatch, Inc. *		3,237		68,236
Haemonetics Corp. *		3,539		190,894
Hanger Orthopedic Group, Inc. *		4,348		74,133
Health Management Associates, Inc., Class A *		34,673		322,459
Health Net, Inc. *		14,731		363,119
HEALTHSOUTH Corp. *		13,242		262,986
Healthspring, Inc. *		7,343		127,548
Healthways, Inc. *		4,787		67,880
Hill-Rom Holdings, Inc.		8,832		246,236
HMS Holdings Corp. *		3,676		199,460
ICU Medical, Inc. *		1,848		58,803
Immucor, Inc. *		9,862		193,690
Insulet Corp. *		4,514		65,769
Integra LifeSciences Holdings Corp. *		3,070		120,958
Invacare Corp.		4,485		107,147
inVentiv Health, Inc. *		4,790		119,654
IPC The Hospitalist Co. *		2,133		62,433
IRIS International, Inc. *		2,519		26,198
Kensey Nash Corp. *		1,579		36,475
Kindred Healthcare, Inc. *		5,514		85,522
Landauer, Inc.		1,189		72,434
LHC Group, Inc. *		1,837		56,580
LifePoint Hospitals, Inc. *		7,694		273,060
Magellan Health Services, Inc. *		5,028		204,589
MAKO Surgical Corp. *		3,547		46,714
Masimo Corp.		7,281		161,201
MedAssets, Inc. *		6,342		143,900
MedCath Corp. *		2,379		21,720
Medidata Solutions, Inc. *		2,822		39,649
MEDNAX, Inc. *		6,428		363,503
MedQuist, Inc.		1,653		13,472
MELA Sciences, Inc. *		3,048		22,982
Meridian Bioscience, Inc.		5,650		98,762
Merit Medical Systems, Inc. *		3,959		60,533
Micrus Endovascular Corp. *		1,918		33,143
Molina Healthcare, Inc. *		1,857		51,105
MWI Veterinary Supply, Inc. *		1,675		82,092
National Healthcare Corp.		1,242		43,346
Natus Medical, Inc. *		3,962		65,571
Neogen Corp. *		3,071		78,955
NuVasive, Inc. *		5,124		201,219
NxStage Medical, Inc. *		3,322		46,475
Odyssey HealthCare, Inc. *		4,623		122,787
Omnicell, Inc. *		4,513		59,120

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
OraSure Technologies, Inc. *		6,617		29,909
Orthofix International N.V. *		2,380		75,898
Orthovita, Inc. *		10,963		34,040
Owens & Minor, Inc.		8,908		266,082
Palomar Medical Technologies, Inc. *		2,656		28,605
PharMerica Corp. *		4,238		69,503
Phase Forward, Inc. *		6,066		102,091
PSS World Medical, Inc. *		8,307		190,313
Psychiatric Solutions, Inc. *		7,555		244,631
Quality Systems, Inc.		2,519		148,722
Quidel Corp. *		3,761		44,004
RehabCare Group, Inc. *		3,347		97,364
Res-Care, Inc. *		3,622		40,747
RTI Biologics, Inc. *		7,893		28,099
Select Medical Holdings Corp. *		8,066		65,335
Sirona Dental Systems, Inc. *		5,687		201,206
Skilled Healthcare Group, Inc., Class A *		3,208		26,402
SonoSite, Inc. *		2,381		69,263
Stereotaxis, Inc. *		5,685		21,148
STERIS Corp.		7,381		234,937
Sun Healthcare Group, Inc. *		6,175		56,254
SurModics, Inc. *		2,271		38,630
Symmetry Medical, Inc. *		4,651		50,649
Synovis Life Technologies, Inc. *		1,579		23,022
Team Health Holdings, Inc. *		1,863		23,865
Tenet Healthcare Corp. *		68,047		389,229
The Cooper Cos., Inc.		6,451		237,784
The Ensign Group, Inc.		1,794		32,705
Thoratec Corp. *		8,004		351,135
TomoTherapy, Inc. *		7,864		24,772
Triple-S Management Corp., Class B *		2,932		53,685
Unilife Corp. *		7,089		40,620
Universal American Financial Corp. *		5,654		82,661
VCA Antech, Inc. *		11,966		311,834
Virtual Radiologic Corp. *		966		16,306
Volcano Corp. *		5,927		131,520
WellCare Health Plans, Inc. *		5,926		161,543
West Pharmaceutical Services, Inc.		4,623		181,915
Wright Medical Group, Inc. *		5,313		87,293
Zoll Medical Corp. *		3,101		90,084
				13,649,383

Household & Personal Products 0.7%
Central Garden & Pet Co., Class A *		8,589		81,252
Elizabeth Arden, Inc. *		3,823		64,991
Herbalife Ltd.		8,694		392,534
Inter Parfums, Inc.		1,995		31,182
Medifast, Inc. *		1,949		61,140
NBTY, Inc. *		8,169		279,707
Nu Skin Enterprises, Inc., Class A		7,205		207,216
Prestige Brands Holdings, Inc. *		6,203		47,887
Revlon, Inc., Class A *		1,581		21,897
Spectrum Brands, Inc. *		1,022		28,350
USANA Health Sciences, Inc. *		1,143		42,805
WD-40 Co.		2,134		69,654
				1,328,615

Insurance 3.1%
Ambac Financial Group, Inc. *		42,004		50,405
American Equity Investment Life Holding Co.		8,171		76,889
American Physicians Capital, Inc.		1,242		38,514
AMERISAFE, Inc. *		2,685		45,376
AmTrust Financial Services, Inc.		3,347		44,080
Argo Group International Holdings Ltd.		4,347		131,366
Arthur J. Gallagher & Co.		14,453		356,845
Aspen Insurance Holdings Ltd.		10,826		273,465
Baldwin & Lyons, Inc., Class B		1,325		29,905
Citizens, Inc. *		5,038		34,359
CNA Surety Corp. *		2,243		36,830
CNO Financial Group, Inc. *		34,932		195,968
Crawford & Co., Class B *		3,685		12,382
Delphi Financial Group, Inc., Class A		6,481		168,312
Donegal Group, Inc., Class A		1,857		24,085
eHealth, Inc. *		3,347		44,314
EMC Insurance Group, Inc.		739		16,480
Employers Holdings, Inc.		6,176		98,507
Endurance Specialty Holdings Ltd.		7,212		267,565
Enstar Group Ltd. *		995		62,287
Erie Indemnity Co., Class A		4,511		206,920
FBL Financial Group, Inc., Class A		1,857		45,366
First Mercury Financial Corp.		2,104		25,795
Flagstone Reinsurance Holdings S.A.		5,037		59,537
FPIC Insurance Group, Inc. *		973		26,553
Greenlight Capital Re Ltd., Class A *		4,209		102,195
Harleysville Group, Inc.		1,794		58,538
Hilltop Holdings, Inc. *		5,899		62,588
Horace Mann Educators Corp.		5,534		85,058
Infinity Property & Casualty Corp.		1,966		92,009
Kansas City Life Insurance Co.		552		16,715
Maiden Holdings Ltd.		8,556		59,379
MBIA, Inc. *		22,873		170,404
Meadowbrook Insurance Group, Inc.		8,033		69,807
Mercury General Corp.		3,686		159,272
Montpelier Re Holdings Ltd.		11,074		172,865
National Financial Partners Corp. *		5,899		82,232
National Interstate Corp.		966		19,871
National Western Life Insurance Co., Class A		305		50,935
OneBeacon Insurance Group Ltd., Class A		3,209		46,498
Platinum Underwriters Holdings Ltd.		7,004		257,817
PMA Capital Corp., Class A *		4,622		31,245
Presidential Life Corp.		3,071		32,215
Primerica, Inc. *		2,388		56,596
ProAssurance Corp. *		4,599		270,697
Protective Life Corp.		12,075		259,854
RLI Corp.		2,794		154,005
Safety Insurance Group, Inc.		2,124		76,740
Seabright Insurance Holdings, Inc.		3,099		31,951
Selective Insurance Group, Inc.		7,478		116,657
StanCorp Financial Group, Inc.		6,895		295,037
State Auto Financial Corp.		1,995		36,070
Stewart Information Services Corp.		2,409		25,535
Symetra Financial Corp. *		4,347		57,380
The Navigators Group, Inc. *		1,986		81,347
The Phoenix Cos., Inc. *		15,895		44,824
Tower Group, Inc.		5,790		126,859
United America Indemnity Ltd., Class A *		4,099		32,628
United Fire & Casualty Co.		3,237		69,110
Unitrin, Inc.		6,480		172,951
Universal Insurance Holdings, Inc.		2,774		13,121
				5,863,110

Materials 5.5%
A. Schulman, Inc.		4,446		98,812

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
A.M. Castle & Co. *		2,656		39,495
AK Steel Holding Corp.		15,422		230,713
Allied Nevada Gold Corp. *		8,832		169,044
AMCOL International Corp.		3,683		99,294
American Vanguard Corp.		3,409		27,170
Arch Chemicals, Inc.		3,485		119,396
Balchem Corp.		3,950		95,946
Boise, Inc. *		5,274		32,382
Brush Engineered Materials, Inc. *		2,795		70,602
Buckeye Technologies, Inc. *		5,451		66,066
Bway Holding Co. *		1,656		33,054
Cabot Corp.		7,142		200,047
Calgon Carbon Corp. *		7,895		117,399
Carpenter Technology Corp.		6,179		240,425
Cellu Tissue Holdings, Inc. *		1,104		10,002
Century Aluminum Co. *		9,170		96,377
Clearwater Paper Corp. *		1,572		96,254
Coeur d’Alene Mines Corp. *		11,075		167,233
Commercial Metals Co.		15,870		247,096
Compass Minerals International, Inc.		4,575		347,059
Cytec Industries, Inc.		6,866		293,384
Deltic Timber Corp.		1,626		75,186
Domtar Corp. *		5,900		361,080
Eagle Materials, Inc.		6,175		189,449
Ferro Corp. *		11,413		102,831
Glatfelter		6,480		75,168
Graham Packaging Co., Inc. *		2,380		29,821
Graphic Packaging Holding Co. *		11,549		36,495
Greif, Inc., Class A		4,848		265,670
H.B. Fuller Co.		6,894		147,049
Haynes International, Inc.		1,656		52,578
Headwaters, Inc. *		8,538		33,725
Hecla Mining Co. *		33,478		180,112
Horsehead Holding Corp. *		6,176		64,416
Innophos Holdings, Inc.		2,547		72,691
Kaiser Aluminum Corp.		1,975		73,924
KapStone Paper and Packaging Corp. *		5,822		64,333
Koppers Holdings, Inc.		2,932		79,428
Kraton Performance Polymers, Inc. *		1,463		29,992
Kronos Worldwide, Inc. *		463		8,774
Louisiana-Pacific Corp. *		17,250		146,625
LSB Industries, Inc. *		2,547		41,643
Metals USA Holdings Corp. *		1,385		21,191
Minerals Technologies, Inc.		2,685		143,513
Myers Industries, Inc.		4,622		41,506
Neenah Paper, Inc.		2,105		39,869
NewMarket Corp.		1,545		159,073
NL Industries, Inc.		995		6,895
Noranda Aluminium Holding Corp. *		2,415		20,745
Olin Corp.		9,723		186,390
Olympic Steel, Inc.		1,325		36,517
OM Group, Inc. *		4,347		129,758
Omnova Solutions, Inc. *		6,096		48,951
Packaging Corp. of America		14,456		320,056
PolyOne Corp. *		12,122		121,099
Rock-Tenn Co., Class A		5,451		280,508
Rockwood Holdings, Inc. *		7,142		185,263
Royal Gold, Inc.		7,806		391,393
RPM International, Inc.		18,250		361,532
RTI International Metals, Inc. *		4,237		112,323
Schnitzer Steel Industries, Inc., Class A		3,158		158,026
Schweitzer-Mauduit International, Inc.		2,518		138,994
Sensient Technologies Corp.		6,866		190,120
Silgan Holdings, Inc.		7,266		207,299
Solutia, Inc. *		17,250		261,338
Spartech Corp. *		4,375		58,231
Stepan Co.		1,242		89,585
Stillwater Mining Co. *		6,588		87,225
STR Holdings, Inc. *		5,848		124,036
Temple-Inland, Inc.		15,008		317,119
Texas Industries, Inc.		3,329		120,843
Titanium Metals Corp. *		12,075		213,365
TPC Group, Inc. *		2,074		37,768
United States Lime & Minerals, Inc. *		274		10,686
US Gold Corp. *		12,900		50,955
Valhi, Inc.		1,656		29,709
W.R. Grace & Co. *		8,556		219,290
Wausau Paper Corp. *		7,140		62,332
Westlake Chemical Corp.		2,794		59,261
Worthington Industries, Inc.		9,134		134,452
Zep, Inc.		3,099		56,650
Zoltek Cos., Inc. *		3,934		37,648
				10,299,754

Media 1.9%
Arbitron, Inc.		3,686		112,276
Ascent Media Corp., Class A *		1,992		52,768
Belo Corp., Class A		12,902		93,798
Cinemark Holdings, Inc.		6,367		101,808
CKX, Inc. *		9,110		48,283
Crown Media Holdings, Inc., Class A *		1,271		2,237
Dex One Corp. *		7,004		143,442
Entercom Communications Corp., Class A *		3,459		43,238
Entravision Communications Corp., Class A *		7,089		20,771
Fisher Communications, Inc. *		828		12,006
Harte-Hanks, Inc.		5,451		74,461
Journal Communications, Inc., Class A *		6,036		30,421
Knology, Inc. *		4,376		52,337
Lamar Advertising Co., Class A *		8,142		239,945
Liberty Media Corp. — Capital, Series A *		12,075		507,874
LIN TV Corp., Class A *		3,870		25,426
Live Nation, Inc. *		20,240		247,535
Madison Square Garden, Inc., Class A *		8,421		177,430
Martha Stewart Living Omnimedia, Class A *		3,685		22,110
Mediacom Communications Corp., Class A *		5,588		29,784
Meredith Corp.		5,175		173,828
Morningstar, Inc. *		3,099		151,231
National CineMedia, Inc.		5,900		103,191
PRIMEDIA, Inc.		3,070		11,390
RCN Corp. *		5,039		73,191
Regal Entertainment Group, Class A		10,966		167,122
Scholastic Corp.		3,824		99,998
Sinclair Broadcast Group, Inc., Class A *		7,002		46,458
SuperMedia, Inc. *		2,105		63,424
The Dolan Media Co. *		3,294		40,516
The E.W. Scripps Co., Class A *		4,070		35,938
The McClatchy Co., Class A *		7,911		38,289
The New York Times Co., Class A *		13,628		126,468
Valassis Communications, Inc. *		6,865		250,710
Value Line, Inc.		138		2,732
Warner Music Group Corp. *		7,617		46,235

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
World Wrestling Entertainment, Inc., Class A		3,761		62,320
				3,530,991

Pharmaceuticals, Biotechnology & Life Sciences 4.1%
Abraxis BioScience, Inc. *		828		36,805
Acorda Therapeutics, Inc. *		5,376		184,827
Acura Pharmaceuticals, Inc. *		1,380		4,637
Aedea Biosciences, Inc. *		2,475		61,949
Affymax, Inc. *		1,720		37,840
Affymetrix, Inc. *		9,970		65,303
Akorn, Inc. *		7,692		22,230
Albany Molecular Research, Inc. *		3,237		20,782
Alkermes, Inc. *		13,517		153,486
Allos Therapeutics, Inc. *		11,213		80,285
Alnylam Pharmaceuticals, Inc. *		5,038		79,600
AMAG Pharmaceuticals, Inc. *		2,956		94,119
Arena Pharmaceuticals, Inc. *		12,904		39,744
ARIAD Pharmaceuticals, Inc. *		15,347		58,932
ArQule, Inc. *		4,070		24,868
Array BioPharma, Inc. *		6,064		23,164
Auxilium Pharmaceuticals, Inc. *		6,614		190,351
AVEO Pharmaceuticals, Inc. *		1,233		9,876
Bio-Rad Laboratories, Inc., Class A *		2,752		257,505
BioCryst Pharmaceuticals, Inc. *		4,237		29,998
Biodel, Inc. *		2,242		11,031
BioMarin Pharmaceutical, Inc. *		14,090		275,037
BioMimetic Therapeutics, Inc. *		2,055		25,030
Bruker Corp. *		7,225		92,010
Cadence Pharmaceuticals, Inc. *		4,484		35,558
Cambrex Corp. *		3,876		16,163
Caraco Pharmaceutical Laboratories Ltd. *		1,245		6,549
Celera Corp. *		11,413		80,690
Cell Therapeutics, Inc. *		81,510		29,352
Cepheid, Inc. *		8,142		145,579
Clinical Data, Inc. *		2,105		34,669
Codexis, Inc. *		871		9,006
Cubist Pharmaceuticals, Inc. *		8,142		175,053
Cumberland Pharmaceuticals, Inc. *		2,114		14,713
Cypress Bioscience, Inc. *		5,450		22,454
Cytori Therapeutics, Inc. *		4,418		20,544
Dionex Corp. *		2,547		200,576
Durect Corp. *		10,941		27,790
Dyax Corp. *		9,001		23,673
Emergent Biosolutions, Inc. *		2,243		35,327
Enzo Biochem, Inc. *		5,375		28,541
Enzon Pharmaceuticals, Inc. *		5,590		59,813
eResearchTechnology, Inc. *		6,866		54,516
Exelixis, Inc. *		15,008		77,741
Genomic Health, Inc. *		2,291		34,365
GenVec, Inc. *		16,952		9,646
Geron Corp. *		12,903		68,128
GTx, Inc. *		1,966		3,991
Halozyme Therapeutics, Inc. *		10,936		80,161
Hi-Tech Pharmacal Co., Inc. *		1,370		31,483
Idenix Pharmaceuticals, Inc. *		4,513		17,646
ImmunoGen, Inc. *		9,389		83,187
Immunomedics, Inc. *		10,793		37,560
Impax Laboratories, Inc. *		7,501		158,084
Incyte Corp. *		15,732		202,785
Inspire Pharmaceuticals, Inc. *		9,519		54,115
InterMune, Inc. *		6,230		56,319
Ironwood Pharmaceuticals, Inc. *		2,380		27,941
Isis Pharmaceuticals, Inc. *		13,179		121,247
Jazz Pharmaceuticals, Inc. *		2,780		22,546
Kendle International, Inc. *		2,133		30,075
Lexicon Pharmaceuticals, Inc. *		29,149		42,849
Ligand Pharmaceuticals, Inc., Class B *		14,735		22,692
Luminex Corp. *		5,899		101,050
MannKind Corp. *		9,108		50,640
MAP Pharmaceuticals, Inc. *		2,243		33,466
Martek Biosciences Corp. *		4,652		86,481
Maxygen, Inc. *		3,409		21,102
Medicis Pharmaceutical Corp., Class A		8,464		196,280
Medivation, Inc. *		4,789		56,127
Metabolix, Inc. *		3,410		49,445
Micromet, Inc. *		11,078		67,465
Momenta Pharmaceuticals, Inc. *		5,451		72,335
Nabi Biopharmaceuticals *		7,341		40,082
Nektar Therapeutics *		13,104		160,262
Neurocrine Biosciences, Inc. *		7,432		29,728
Novavax, Inc. *		11,282		27,190
NPS Pharmaceuticals, Inc. *		8,083		53,267
Obagi Medical Products, Inc. *		2,192		27,860
Onyx Pharmaceuticals, Inc. *		8,738		194,770
Opko Health, Inc. *		19,660		38,927
Optimer Pharmaceuticals, Inc. *		4,801		51,227
Orexigen Therapeutics, Inc. *		4,898		26,645
Osiris Therapeutics, Inc. *		2,658		16,294
Pain Therapeutics, Inc. *		4,927		28,774
Par Pharmaceutical Cos., Inc. *		4,899		135,996
PAREXEL International Corp. *		8,191		182,700
PDL BioPharma, Inc.		16,836		90,409
Pharmacyclics, Inc. *		5,137		35,188
Pharmasset, Inc. *		3,964		116,779
POZEN, Inc. *		3,484		26,757
Progenics Pharmaceuticals, Inc. *		3,823		19,421
Questcor Pharmaceuticals, Inc. *		7,619		72,152
Regeneron Pharmaceuticals, Inc. *		8,833		252,359
Rigel Pharmaceuticals, Inc. *		7,340		47,857
Salix Pharmaceuticals Ltd. *		7,757		278,709
Sangamo BioSciences, Inc. *		5,923		26,950
Santarus, Inc. *		6,644		19,201
Savient Pharmaceuticals, Inc. *		9,379		112,923
Seattle Genetics, Inc. *		11,549		152,793
Sequenom, Inc. *		8,585		52,626
SIGA Technologies, Inc. *		4,789		33,284
StemCells, Inc. *		17,384		17,732
Sucampo Pharmaceuticals, Inc., Class A *		1,104		4,228
Synta Pharmaceuticals Corp. *		3,676		11,506
Targacept, Inc. *		2,547		58,581
The Medicines Co. *		7,418		62,348
Theravance, Inc. *		8,341		106,014
Vanda Pharmaceuticals, Inc. *		3,237		23,662
ViroPharma, Inc. *		11,019		134,101
VIVUS, Inc. *		11,351		143,704
XenoPort, Inc. *		4,121		40,921
ZymoGenetics, Inc. *		7,019		32,638
				7,803,492

Real Estate 8.8%
Acadia Realty Trust		5,652		101,114
Alexander’s, Inc.		372		120,666
Alexandria Real Estate Equities, Inc.		6,122		401,481
American Campus Communities, Inc.		7,480		200,240
American Capital Agency Corp.		3,591		94,300

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Anworth Mortgage Asset Corp.		16,002		108,494
Apartment Investment & Management Co., Class A		16,560		341,633
Ashford Hospitality Trust *		8,696		69,133
Associated Estates Realty Corp.		4,422		60,626
Avatar Holdings, Inc. *		1,105		22,973
BioMed Realty Trust, Inc.		15,650		266,206
Brandywine Realty Trust		18,250		211,517
BRE Properties, Inc.		8,822		360,467
Camden Property Trust		9,127		416,556
CapLease, Inc.		7,479		38,218
Capstead Mortgage Corp.		9,828		112,236
CBL & Associates Properties, Inc.		19,527		279,041
Cedar Shopping Centers, Inc.		8,593		59,034
Chimera Investment Corp.		100,141		394,556
Cogdell Spencer, Inc.		6,969		46,762
Colonial Properties Trust		9,447		142,461
Colony Financial, Inc.		2,120		38,563
Corporate Office Properties Trust		8,171		309,763
Cousins Properties, Inc.		12,585		97,030
CreXus Investment Corp.		2,742		35,728
Cypress Sharpridge Investments, Inc.		2,637		34,518
DCT Industrial Trust, Inc.		29,388		142,238
Developers Diversified Realty Corp.		26,780		306,363
DiamondRock Hospitality Co. *		20,073		183,467
Douglas Emmett, Inc.		17,250		267,030
Duke Realty Corp.		31,740		377,071
DuPont Fabros Technology, Inc.		7,650		195,381
EastGroup Properties, Inc.		3,683		136,197
Education Realty Trust, Inc.		8,029		51,064
Entertainment Properties Trust		5,910		241,955
Equity Lifestyle Properties, Inc.		4,131		213,986
Equity One, Inc.		5,925		101,732
Essex Property Trust, Inc.		4,150		436,704
Extra Space Storage, Inc.		12,213		183,684
FelCor Lodging Trust, Inc. *		7,950		53,742
First Industrial Realty Trust, Inc. *		8,029		53,714
First Potomac Realty Trust		5,055		74,308
Forest City Enterprises, Inc., Class A *		17,112		226,905
Forestar Group, Inc. *		5,037		92,429
Franklin Street Properties Corp.		10,245		126,526
Getty Realty Corp.		3,117		69,571
Glimcher Realty Trust		9,589		66,739
Government Properties Income Trust		2,657		70,729
Hatteras Financial Corp.		5,066		140,328
Healthcare Realty Trust, Inc.		8,280		189,860
Hersha Hospitality Trust		17,875		86,336
Highwoods Properties, Inc.		10,108		297,782
Home Properties, Inc.		4,761		231,527
Hospitality Properties Trust		17,470		393,075
HRPT Properties Trust		36,171		242,707
Inland Real Estate Corp.		10,413		86,740
Invesco Mortgage Capital		3,574		73,589
Investors Real Estate Trust		10,411		90,888
iStar Financial, Inc. *		13,767		83,566
Jones Lang LaSalle, Inc.		5,791		432,124
Kennedy-Wilson Holdings, Inc. *		4,485		49,470
Kilroy Realty Corp.		7,220		237,538
Kite Realty Group Trust		8,833		43,282
LaSalle Hotel Properties		9,396		211,410
Lexington Realty Trust		14,314		88,890
LTC Properties, Inc.		3,238		83,184
Mack-Cali Realty Corp.		11,212		369,772
Medical Properties Trust, Inc.		14,972		142,983
MFA Financial, Inc.		39,735		291,258
Mid-America Apartment Communities, Inc.		4,100		223,983
National Health Investors, Inc.		3,341		137,582
National Retail Properties, Inc.		11,661		256,309
NorthStar Realty Finance Corp.		9,997		31,491
OMEGA Healthcare Investors, Inc.		12,103		240,366
Parkway Properties, Inc.		3,071		51,746
Pebblebrook Hotel Trust *		2,546		52,244
Pennsylvania Real Estate Investment Trust		7,622		105,107
Pennymac Mortgage Investment Trust *		2,380		40,174
Post Properties, Inc.		6,894		172,902
Potlatch Corp.		5,589		194,721
PS Business Parks, Inc.		2,657		143,239
Ramco-Gershenson Properties Trust		5,233		56,569
Redwood Trust, Inc.		9,861		149,789
Saul Centers, Inc.		995		38,158
Senior Housing Properties Trust		18,003		375,182
Sovran Self Storage, Inc.		3,958		142,607
Starwood Property Trust, Inc.		6,683		121,831
Sun Communities, Inc.		2,494		73,773
Sunstone Hotel Investors, Inc. *		13,928		153,626
Tanger Factory Outlet Centers, Inc.		5,652		235,236
Taubman Centers, Inc.		7,418		300,355
Tejon Ranch Co. *		2,003		49,073
U-Store-It Trust		11,622		95,533
UDR, Inc.		21,660		440,348
Universal Health Realty Income Trust		1,581		51,493
Urstadt Biddle Properties		414		6,032
Urstadt Biddle Properties, Class A		2,547		42,637
Walter Investment Management Corp.		3,684		60,049
Washington Real Estate Investment Trust		8,447		248,173
Weingarten Realty Investors		16,974		354,078
Winthrop Realty Trust		2,363		30,246
				16,575,812

Retailing 5.6%
1-800-FLOWERS.COM, Inc., Class A *		3,484		9,302
99 Cents Only Stores *		6,480		99,014
Aaron’s, Inc.		10,299		205,774
Aeropostale, Inc. *		14,180		392,928
America’s Car-Mart, Inc. *		1,507		36,500
AnnTaylor Stores Corp. *		8,280		179,262
Asbury Automotive Group, Inc. *		4,534		59,939
Audiovox Corp., Class A *		2,520		20,588
Barnes & Noble, Inc.		5,452		110,294
bebe stores, Inc.		4,893		33,517
Big 5 Sporting Goods Corp.		2,685		39,711
Big Lots, Inc. *		11,690		413,008
Blue Nile, Inc. *		2,104		98,678
Brown Shoe Co., Inc.		6,066		101,181
Cabela’s, Inc. *		5,899		101,522
Charming Shoppes, Inc. *		14,041		64,027
Chico’s FAS, Inc.		24,840		303,793
Christopher & Banks Corp.		5,203		47,659
Citi Trends, Inc. *		1,995		67,990
Coldwater Creek, Inc. *		8,280		51,667
Collective Brands, Inc. *		9,108		203,837
Conn’s, Inc. *		1,581		11,826
Core-Mark Holding Co., Inc. *		1,380		37,370
Dick’s Sporting Goods, Inc. *		12,211		348,136
Dillard’s, Inc., Class A		7,757		222,548

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Drugstore.Com, Inc. *		9,589		32,890
DSW, Inc., Class A *		2,025		58,482
Express, Inc. *		2,319		33,162
Foot Locker, Inc.		21,936		327,066
Fred’s, Inc., Class A		5,375		73,584
Gaiam, Inc., Class A		2,380		18,850
Genesco, Inc. *		3,345		104,096
Group 1 Automotive, Inc. *		3,347		95,189
Haverty Furniture Cos., Inc.		2,637		42,746
hhgregg, Inc. *		3,265		97,983
Hibbett Sports, Inc. *		3,982		102,616
Hot Topic, Inc.		6,312		35,095
HSN, Inc. *		5,589		150,624
J. Crew Group, Inc. *		7,189		328,106
Jo-Ann Stores, Inc. *		3,808		173,949
Jos. A. Bank Clothiers, Inc. *		2,436		147,816
Kirkland’s, Inc. *		1,644		35,379
LKQ Corp. *		19,803		364,771
Lumber Liquidators Holdings, Inc. *		2,256		66,575
MarineMax, Inc. *		3,048		30,785
Monro Muffler Brake, Inc.		2,794		110,056
New York & Co., Inc. *		3,932		15,020
NutriSystem, Inc.		4,347		96,721
Office Depot, Inc. *		38,605		223,909
OfficeMax, Inc. *		10,798		192,528
Orbitz Worldwide, Inc. *		4,081		21,629
Overstock.com, Inc. *		2,271		51,097
Pacific Sunwear Of California, Inc. *		9,109		37,074
Penske Automotive Group, Inc. *		6,426		83,924
PetMed Express, Inc.		3,237		63,834
Pier 1 Imports, Inc. *		14,726		117,072
RadioShack Corp.		17,699		361,768
Rent-A-Center, Inc. *		9,309		225,464
Retail Ventures, Inc. *		1,658		16,696
Rue21, Inc. *		2,191		74,384
Saks, Inc. *		19,983		183,444
Sally Beauty Holdings, Inc. *		13,444		126,508
Select Comfort Corp. *		7,500		84,150
Shoe Carnival, Inc. *		1,233		30,911
Shutterfly, Inc. *		2,656		61,354
Signet Jewelers Ltd. *		12,100		375,705
Sonic Automotive, Inc., Class A *		4,899		48,451
Stage Stores, Inc.		5,452		77,255
Stamps.com, Inc. *		1,719		18,015
Stein Mart, Inc. *		3,823		30,469
Systemax, Inc.		718		13,850
The Buckle, Inc.		3,761		133,704
The Cato Corp., Class A		3,933		93,330
The Children’s Place Retail Stores, Inc. *		2,794		131,681
The Dress Barn, Inc. *		8,974		245,798
The Finish Line, Inc., Class A		7,342		122,244
The Gymboree Corp. *		4,238		188,930
The Men’s Wearhouse, Inc.		6,590		143,267
The Pep Boys-Manny, Moe & Jack		7,032		86,705
The Talbots, Inc. *		7,536		113,341
The Wet Seal, Inc., Class A *		13,794		56,555
Tractor Supply Co. *		5,175		350,658
Ulta Salon, Cosmetics & Fragrance, Inc. *		4,899		125,316
Vitacost.com, Inc. *		3,276		33,644
Vitamin Shoppe, Inc. *		1,782		45,655
Williams-Sonoma, Inc.		13,455		402,035
Zumiez, Inc. *		2,933		50,213
				10,644,199

Semiconductors & Semiconductor Equipment 4.2%
Actel Corp. *		3,686		52,010
Advanced Analogic Technologies, Inc. *		6,220		21,521
Advanced Energy Industries, Inc. *		4,623		57,140
Amkor Technology, Inc. *		16,559		112,767
ANADIGICS, Inc. *		9,106		37,061
Applied Micro Circuits Corp. *		9,309		102,632
Atheros Communications *		9,716		330,344
Atmel Corp. *		57,056		291,271
ATMI, Inc. *		4,376		70,891
Brooks Automation, Inc. *		8,582		71,402
Cabot Microelectronics Corp. *		3,292		120,816
Cavium Networks, Inc. *		5,204		138,322
Ceva, Inc. *		2,774		32,234
Cirrus Logic, Inc. *		8,280		117,700
Cohu, Inc.		3,153		44,174
Conexant Systems, Inc. *		11,096		31,513
Cymer, Inc. *		4,071		123,229
Cypress Semiconductor Corp. *		21,936		249,851
Diodes, Inc. *		4,787		94,591
DSP Group, Inc. *		3,208		21,718
Entegris, Inc. *		18,388		99,295
Entropic Communications, Inc. *		7,226		38,587
Exar Corp. *		5,312		37,184
Fairchild Semiconductor International, Inc. *		17,589		175,890
FEI Co. *		5,176		107,143
FormFactor, Inc. *		7,032		90,502
Hittite Microwave Corp. *		2,764		126,398
Integrated Device Technology, Inc. *		23,350		136,364
International Rectifier Corp. *		10,108		211,864
Intersil Corp., Class A		17,313		230,436
IXYS Corp. *		3,547		33,058
Kopin Corp. *		9,452		33,838
Kulicke & Soffa Industries, Inc. *		9,385		65,320
Lattice Semiconductor Corp. *		16,146		80,084
LTX-Credence Corp. *		20,308		70,266
MaxLinear, Inc., Class A *		745		11,905
Micrel, Inc.		6,065		67,352
Microsemi Corp. *		11,825		183,051
MKS Instruments, Inc. *		6,204		123,211
Monolithic Power Systems, Inc. *		4,928		94,568
Netlogic Microsystems, Inc. *		7,451		214,365
Novellus Systems, Inc. *		13,903		358,976
OmniVision Technologies, Inc. *		7,170		138,309
Pericom Semiconductor Corp. *		3,596		35,600
PMC-Sierra, Inc. *		32,183		260,682
Power Integrations, Inc.		3,761		127,799
Rambus, Inc. *		14,869		348,529
RF Micro Devices, Inc. *		34,286		164,573
Rubicon Technology, Inc. *		1,795		48,788
Rudolph Technologies, Inc. *		4,281		38,015
Semtech Corp. *		8,693		153,084
Sigma Designs, Inc. *		4,371		45,546
Silicon Image, Inc. *		10,525		38,416
Silicon Laboratories, Inc. *		6,480		294,386
Skyworks Solutions, Inc. *		23,696		377,477
Standard Microsystems Corp. *		3,071		70,265
Supertex, Inc. *		1,581		43,051
Teradyne, Inc. *		24,426		268,198
Tessera Technologies, Inc. *		7,004		121,730

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Trident Microsystems, Inc. *		9,244		15,622
TriQuint Semiconductor, Inc. *		21,383		150,109
Ultratech, Inc. *		3,100		43,214
Veeco Instruments, Inc. *		5,376		205,202
Volterra Semiconductor Corp. *		3,622		84,936
Zoran Corp. *		7,205		69,600
				7,853,975

Software & Services 7.1%
ACI Worldwide, Inc. *		4,810		91,919
Actuate Corp. *		6,233		27,986
Acxiom Corp. *		11,135		193,860
Advent Software, Inc. *		1,967		85,053
Ancestry.com, Inc. *		2,717		45,836
Archipelago Learning, Inc. *		1,577		22,882
ArcSight, Inc. *		4,100		88,806
Ariba, Inc. *		12,763		192,083
Art Technology Group, Inc. *		21,663		81,020
Aspen Technology, Inc. *		8,832		101,215
Blackbaud, Inc.		6,175		139,246
Blackboard, Inc. *		4,238		169,690
Bottomline Technologies, Inc. *		3,685		60,360
CACI International, Inc., Class A *		4,238		195,965
Cadence Design Systems, Inc. *		37,411		250,654
Cass Information Systems, Inc.		1,104		35,019
CIBER, Inc. *		8,859		26,400
CommVault Systems, Inc. *		5,651		127,374
Compuware Corp. *		32,294		264,488
comScore, Inc. *		3,237		49,785
Concur Technologies, Inc. *		5,900		249,570
Constant Contact, Inc. *		3,823		82,042
Convergys Corp. *		16,448		179,612
CSG Systems International, Inc. *		4,928		101,123
CyberSource Corp. *		9,833		252,610
DealerTrack Holdings, Inc. *		5,176		82,971
Deltek, Inc. *		5,036		40,187
DemandTec, Inc. *		2,518		15,385
Dice Holdings, Inc. *		3,346		26,500
Digital River, Inc. *		5,378		148,110
DivX, Inc. *		4,484		32,375
EarthLink, Inc.		15,008		128,919
Ebix, Inc. *		4,379		66,911
Echo Global Logistics, Inc. *		2,090		27,421
Epicor Software Corp. *		6,894		64,114
EPIQ Systems, Inc. *		4,486		51,365
Euronet Worldwide, Inc. *		6,728		88,473
Exlservice Holdings, Inc. *		2,105		34,985
Fair Isaac Corp.		6,620		153,584
FalconStor Software, Inc. *		4,651		13,069
Forrester Research, Inc. *		1,967		61,705
Fortinet, Inc. *		5,620		91,718
Gartner, Inc. *		9,170		226,958
Global Cash Access Holdings, Inc. *		4,653		37,178
GSI Commerce, Inc. *		7,608		214,241
Heartland Payment Systems, Inc.		5,204		85,502
iGate Corp.		3,347		39,093
infoGROUP, Inc. *		4,484		35,491
Informatica Corp. *		12,656		326,525
InfoSpace, Inc. *		5,036		41,446
Integral Systems, Inc. *		2,382		16,293
Interactive Intelligence, Inc. *		1,781		31,933
Internap Network Services Corp. *		7,341		37,586
Internet Brands, Inc., Class A *		3,932		40,854
Internet Capital Group, Inc. *		5,137		42,740
j2 Global Communications, Inc. *		6,342		146,754
Jack Henry & Associates, Inc.		11,828		284,345
JDA Software Group, Inc. *		5,634		150,541
Kenexa Corp. *		2,823		40,171
Lawson Software, Inc. *		20,107		165,782
Limelight Networks, Inc. *		6,065		26,322
Lionbridge Technologies, Inc. *		8,002		43,451
Liquidity Services, Inc. *		2,133		28,284
LivePerson, Inc. *		5,685		36,725
LogMeIn, Inc. *		2,019		51,404
LoopNet, Inc. *		4,484		49,145
Manhattan Associates, Inc. *		3,208		92,872
ManTech International Corp., Class A *		2,806		129,721
Marchex, Inc., Class B		3,208		16,265
MAXIMUS, Inc.		2,326		139,327
Mentor Graphics Corp. *		13,932		127,896
MICROS Systems, Inc. *		11,276		385,639
MicroStrategy, Inc., Class A *		1,335		102,875
ModusLink Global Solutions, Inc. *		6,315		48,247
MoneyGram International, Inc. *		12,210		32,112
Monotype Imaging Holdings, Inc. *		3,409		33,647
Move, Inc. *		22,040		46,284
NCI, Inc., Class A *		966		21,194
NetScout Systems, Inc. *		4,513		61,061
NetSuite, Inc. *		3,346		47,112
NeuStar, Inc., Class A *		10,569		226,071
NIC, Inc.		7,556		49,114
Novell, Inc. *		48,915		285,175
OpenTable, Inc. *		2,110		87,206
OPNET Technologies, Inc.		1,794		28,758
Parametric Technology Corp. *		16,422		270,635
Pegasystems, Inc.		2,165		64,755
Perficient, Inc. *		4,348		46,393
Progress Software Corp. *		5,789		184,901
Quest Software, Inc. *		8,861		171,505
QuinStreet, Inc. *		1,380		19,168
Rackspace Hosting, Inc. *		10,799		190,062
Radiant Systems, Inc. *		4,070		56,410
RealNetworks, Inc. *		12,627		45,457
Renaissance Learning, Inc.		966		15,099
RightNow Technologies, Inc. *		3,208		46,676
Rosetta Stone, Inc. *		1,581		41,501
S1 Corp. *		7,755		47,538
Sapient Corp.		13,242		134,406
SAVVIS, Inc. *		5,672		106,378
Smith Micro Software, Inc. *		4,346		42,808
Solarwinds, Inc. *		4,363		82,723
Solera Holdings, Inc.		9,832		340,974
Sonic Solutions, Inc. *		3,870		46,014
SonicWALL, Inc. *		7,755		70,648
Sourcefire, Inc. *		3,099		63,963
SRA International, Inc., Class A *		5,928		127,867
SS&C Technologies Holdings, Inc. *		1,420		23,174
SuccessFactors, Inc. *		7,893		175,698
Symyx Technologies, Inc. *		4,763		30,483
Synchronoss Technologies, Inc. *		2,685		54,881
Syntel, Inc.		3,209		107,309
Take-Two Interactive Software, Inc. *		11,796		136,480
Taleo Corp., Class A *		5,445		136,397
TechTarget *		2,518		15,259
TeleCommunication Systems, Inc., Class A *		5,927		29,694
TeleNav, Inc. *		1,020		8,558
TeleTech Holdings, Inc. *		4,396		56,840

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Terremark Worldwide, Inc. *		6,036		45,330
The Knot, Inc. *		4,346		32,508
The Ultimate Software Group, Inc. *		3,430		117,340
THQ, Inc. *		9,658		57,948
TIBCO Software, Inc. *		23,601		269,287
TiVo, Inc. *		15,284		138,167
TNS, Inc. *		3,685		70,863
Tyler Technologies, Inc. *		4,928		79,981
Unisys Corp. *		5,514		127,925
United Online, Inc.		11,799		80,410
ValueClick, Inc. *		12,214		142,049
VASCO Data Security International, Inc. *		3,760		23,951
VeriFone Holdings, Inc. *		10,551		212,919
Vocus, Inc. *		2,519		39,448
WebMD Health Corp. *		6,589		299,997
Websense, Inc. *		5,672		118,658
Wright Express Corp. *		5,451		171,161
				13,420,326

Technology Hardware & Equipment 5.8%
3PAR, Inc. *		4,761		50,609
Acme Packet, Inc. *		4,485		131,455
Adaptec, Inc. *		14,485		42,006
ADC Telecommunications, Inc. *		13,656		112,799
ADTRAN, Inc.		8,860		243,030
Agilysys, Inc. *		2,243		15,118
Anaren, Inc. *		2,016		29,091
Anixter International, Inc. *		4,209		199,927
Arris Group, Inc. *		17,589		192,951
Aruba Networks, Inc. *		9,384		125,746
Aviat Networks, Inc. *		8,445		37,242
Avid Technology, Inc. *		3,962		53,408
AVX Corp.		7,280		101,702
Bel Fuse, Inc., Class B		1,518		26,747
Benchmark Electronics, Inc. *		9,246		170,866
BigBand Networks, Inc. *		6,312		17,989
Black Box Corp.		2,548		75,140
Blue Coat Systems, Inc. *		5,652		121,348
Brightpoint, Inc. *		8,973		66,669
Calix, Inc. *		831		10,163
Checkpoint Systems, Inc. *		5,514		109,784
Ciena Corp. *		12,929		201,305
Cogent, Inc. *		6,618		59,033
Cognex Corp.		5,066		96,710
Coherent, Inc. *		3,050		107,665
CommScope, Inc. *		13,239		373,340
Compellent Technologies, Inc. *		2,271		29,205
Comtech Telecommunications Corp. *		3,962		114,145
Comverge, Inc. *		3,459		32,999
CTS Corp.		4,761		50,133
Daktronics, Inc.		5,176		43,582
DG Fastchannel, Inc. *		2,986		126,815
Diebold, Inc.		9,309		269,775
Digi International, Inc. *		3,548		32,784
DTS, Inc. *		2,518		83,170
Echelon Corp. *		4,623		39,342
EchoStar Corp., Class A *		5,727		120,439
Electro Rent Corp.		2,519		34,233
Electro Scientific Industries, Inc. *		3,547		45,579
Electronics for Imaging, Inc. *		7,004		78,025
EMS Technologies, Inc. *		2,133		33,147
Emulex Corp. *		11,488		120,394
Extreme Networks, Inc. *		12,215		34,935
FARO Technologies, Inc. *		2,133		51,000
Finisar Corp. *		9,417		143,138
Harmonic, Inc. *		13,517		78,263
Hughes Communications, Inc. *		1,242		32,255
Hutchinson Technology, Inc. *		3,237		17,706
Hypercom Corp. *		7,554		36,637
ICx Technologies, Inc. *		1,658		11,009
Imation Corp. *		4,513		46,394
Infinera Corp. *		13,518		95,167
Insight Enterprises, Inc. *		6,452		93,812
InterDigital, Inc. *		6,204		161,924
Intermec, Inc. *		6,865		75,790
Intevac, Inc. *		2,774		31,929
IPG Photonics Corp. *		3,623		60,939
Isilon Systems, Inc. *		3,760		51,362
Ixia *		4,762		47,620
JDS Uniphase Corp. *		30,940		355,810
L-1 Identity Solutions, Inc. *		11,828		88,000
Lexmark International, Inc., Class A *		10,875		408,356
Littelfuse, Inc. *		3,099		112,029
Loral Space & Communications, Inc. *		1,656		66,141
Maxwell Technologies, Inc. *		3,209		38,027
Mercury Computer Systems, Inc. *		3,322		39,033
Meru Networks, Inc. *		589		7,716
Methode Electronics, Inc.		5,314		53,937
MTS Systems Corp.		2,272		66,456
Multi-Fineline Electronix, Inc. *		1,242		32,826
National Instruments Corp.		8,694		279,860
Netezza Corp. *		6,952		90,585
NETGEAR, Inc. *		4,790		108,781
Newport Corp. *		5,037		52,284
Novatel Wireless, Inc. *		4,375		26,906
Oclaro, Inc. *		6,163		83,262
Oplink Communications, Inc. *		2,911		41,686
Opnext, Inc. *		6,455		12,910
OSI Systems, Inc. *		2,271		59,659
Palm, Inc. *		23,743		135,335
Park Electrochemical Corp.		2,716		70,290
Plantronics, Inc.		6,882		206,047
Plexus Corp. *		5,589		190,305
Polycom, Inc. *		11,827		355,165
QLogic Corp. *		16,284		295,066
Quantum Corp. *		28,215		66,305
Riverbed Technology, Inc. *		8,032		214,695
Rofin-Sinar Technologies, Inc. *		4,071		97,175
Rogers Corp. *		2,242		64,031
Sanmina-SCI Corp. *		11,075		168,894
ScanSource, Inc. *		3,761		96,959
SeaChange International, Inc. *		4,072		34,001
ShoreTel, Inc. *		2,823		15,047
Silicon Graphics International Corp. *		3,961		32,322
Smart Modular Technologies (WWH), Inc. *		6,036		37,061
Sonus Networks, Inc. *		28,973		75,330
STEC, Inc. *		4,900		59,192
Stratasys, Inc. *		2,821		65,616
Super Micro Computer, Inc. *		3,322		45,677
Sycamore Networks, Inc.		2,658		46,834
Symmetricom, Inc. *		6,096		31,882
Synaptics, Inc. *		4,790		143,317
SYNNEX Corp. *		2,793		74,657
Tech Data Corp. *		7,141		290,282
Technitrol, Inc.		5,513		21,225
Tekelec *		9,384		134,520

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
TTM Technologies, Inc. *		6,038		69,860
Universal Display Corp. *		4,485		69,473
UTStarcom, Inc. *		16,447		33,881
ViaSat, Inc. *		4,510		144,906
Vishay Intertechnology, Inc. *		24,150		218,557
X-Rite, Inc. *		4,863		16,777
Zebra Technologies Corp., Class A *		8,446		232,265
				10,972,703

Telecommunication Services 0.9%
AboveNet, Inc. *		3,099		142,120
Alaska Communications Systems Group, Inc.		6,067		50,174
Atlantic Tele-Network, Inc.		1,380		57,698
Cbeyond, Inc. *		3,485		54,471
Cincinnati Bell, Inc. *		28,772		91,495
Cogent Communications Group, Inc. *		5,948		53,829
Consolidated Communications Holdings, Inc.		3,582		61,861
General Communication, Inc., Class A *		5,515		31,601
Global Crossing Ltd. *		4,347		59,163
ICO Global Communications (Holdings) Ltd. *		18,639		28,704
Leap Wireless International, Inc. *		8,723		142,447
Neutral Tandem, Inc. *		4,761		63,988
NTELOS Holdings Corp.		4,071		73,074
PAETEC Holding Corp. *		18,251		77,202
Premiere Global Services, Inc. *		8,585		68,508
Shenandoah Telecommunications Co.		3,238		54,819
SureWest Communications *		1,966		12,052
Syniverse Holdings, Inc. *		9,695		191,864
tw telecom, Inc. *		21,182		370,473
USA Mobility, Inc. *		3,100		43,648
Vonage Holdings Corp. *		13,904		27,947
				1,757,138

Transportation 2.5%
AirTran Holdings, Inc. *		19,140		107,950
Alaska Air Group, Inc. *		5,016		234,247
Alexander & Baldwin, Inc.		5,788		186,316
Allegiant Travel Co. *		1,958		108,258
AMERCO *		828		45,250
American Commercial Lines, Inc. *		1,380		28,124
Arkansas Best Corp.		3,209		75,058
Atlas Air Worldwide Holdings, Inc. *		2,409		125,918
Avis Budget Group, Inc. *		14,455		171,292
Baltic Trading Ltd. *		2,363		29,514
Celadon Group, Inc. *		3,048		41,514
Con-way, Inc.		7,003		238,242
Continental Airlines, Inc., Class B *		19,527		412,020
Dollar Thrifty Automotive Group, Inc. *		3,660		170,922
Eagle Bulk Shipping, Inc. *		8,996		43,091
Excel Maritime Carriers Ltd. *		6,729		38,624
Forward Air Corp.		4,071		111,423
Genco Shipping & Trading Ltd. *		3,933		74,845
Genesee & Wyoming, Inc., Class A *		5,504		198,089
Hawaiian Holdings, Inc. *		7,205		51,300
Heartland Express, Inc.		7,866		122,277
Horizon Lines, Inc., Class A		4,346		17,732
Hub Group, Inc., Class A *		5,313		162,578
JetBlue Airways Corp. *		34,672		214,966
Kirby Corp. *		7,556		297,933
Knight Transportation, Inc.		8,280		164,606
Landstar System, Inc.		6,905		289,596
Marten Transport Ltd. *		2,133		47,502
Old Dominion Freight Line, Inc. *		4,347		154,927
Pacer International, Inc. *		4,901		39,894
Patriot Transportation Holding, Inc. *		276		23,270
RailAmerica, Inc. *		3,208		35,833
Republic Airways Holdings, Inc. *		4,927		28,823
Roadrunner Transportation Systems, Inc. *		1,665		23,377
SkyWest, Inc.		7,476		109,635
Universal Truckload Services, Inc. *		739		12,792
US Airways Group, Inc. *		22,798		201,306
UTI Worldwide, Inc.		14,068		203,283
Werner Enterprises, Inc.		7,279		164,069
				4,806,396

Utilities 2.7%
ALLETE, Inc.		3,920		135,318
American States Water Co.		2,656		91,287
Avista Corp.		7,694		148,494
Black Hills Corp.		5,534		158,770
California Water Service Group		2,794		100,109
Central Vermont Public Service Corp.		1,518		30,481
CH Energy Group, Inc.		2,185		84,975
Chesapeake Utilities Corp.		1,243		37,377
Cleco Corp.		8,556		226,477
Connecticut Water Service, Inc.		1,105		22,984
Dynegy, Inc. *		15,747		82,357
El Paso Electric Co. *		6,451		127,859
Great Plains Energy, Inc.		19,216		337,241
Hawaiian Electric Industries, Inc.		12,932		283,987
IDACORP, Inc.		6,727		222,327
MGE Energy, Inc.		3,209		113,342
Middlesex Water Co.		1,966		33,068
New Jersey Resources Corp.		5,900		209,155
Nicor, Inc.		6,314		255,149
Northwest Natural Gas Co.		3,761		165,371
NorthWestern Corp.		5,120		134,861
Ormat Technologies, Inc.		2,519		71,766
Piedmont Natural Gas Co., Inc.		9,726		247,138
PNM Resources, Inc.		11,075		136,666
Portland General Electric Co.		10,660		201,581
RRI Energy, Inc. *		49,075		216,911
SJW Corp.		1,795		43,403
South Jersey Industries, Inc.		4,209		184,733
Southwest Gas Corp.		6,290		186,310
The Empire District Electric Co.		5,064		92,367
The Laclede Group, Inc.		2,909		96,259
UIL Holdings Corp.		4,391		111,004
Unisource Energy Corp.		5,037		155,543
Unitil Corp.		1,507		31,406
WGL Holdings, Inc.		7,141		241,723
				5,017,799

Total Common Stock (Cost $190,207,092)				188,651,289

Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	•		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. The fund does not adjust the quoted price for such investments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price.

	•		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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

	•		Level 3—significant unobservable inputs (including the funds’ 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.


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	188,651,289	$	—	$	—	$	188,651,289
Other Investment Company(a)		54,605		—		—		54,605
Rights(a)		304		—		—		304

Total	$	188,706,198	$	—	$	—	$	188,706,198


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

REG54091MAY10

Schwab Strategic Trust
Schwab International Equity ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.


				Cost		Value
Holdings by Category				($)		($)
	98.8	%	Common Stock		244,840,220		216,760,366
	0.4	%	Other Investment Company		997,877		997,877
	0.2	%	Preferred Stock		480,163		443,416
	—	%	Rights		15,840		44,395
	99.4	%	Total Investments		246,334,100		218,246,054
	0.6	%	Other Assets and Liabilities, Net				1,197,089
	100.0	%	Net Assets				219,443,143


	Number		Value
Security	of Shares		($)
Common Stock 98.8% of net assets

Australia 7.5%

Banks 2.1%
Australia & New Zealand Banking Group Ltd.		48,384		923,660
Bank of Queensland Ltd.		4,608		43,710
Bendigo & Adelaide Bank Ltd.		9,024		64,869
Commonwealth Bank of Australia		31,488		1,391,206
National Australia Bank Ltd.		43,776		919,559
Westpac Banking Corp.		59,904		1,188,266
				4,531,270

Capital Goods 0.1%
CSR Ltd.		19,392		27,863
GWA International Ltd.		16,800		44,148
Leighton Holdings Ltd.		2,208		61,187
				133,198

Commercial & Professional Services 0.1%
Brambles Ltd.		33,504		185,745
Downer EDI Ltd.		9,408		50,323
Spotless Group Ltd.		14,880		28,003
				264,071

Consumer Durables & Apparel 0.0%
Billabong International Ltd.		5,184		44,472

Consumer Services 0.2%
Aristocrat Leisure Ltd.		10,464		35,836
Crown Ltd.		13,056		85,220
Flight Centre Ltd.		1,824		25,358
TABCORP Holdings Ltd.		26,208		148,184
Tatts Group Ltd.		76,896		155,140
				449,738

Diversified Financials 0.2%
ASX Ltd.		4,320		114,000
Challenger Financial Services Group Ltd.		9,024		28,686
IOOF Holdings Ltd.		8,160		43,717
Macquarie Group Ltd.		5,760		215,329
Perpetual Ltd.		672		17,546
				419,278

Energy 0.4%
New Hope Corp., Ltd.		7,680		28,776
Origin Energy Ltd.		18,624		235,708
Paladin Energy Ltd. *		13,248		43,461
Santos Ltd.		17,280		182,371
Woodside Petroleum Ltd.		10,377		382,299
WorleyParsons Ltd.		3,840		81,575
				954,190

Food & Staples Retailing 0.6%
AWB Ltd. *		22,560		18,646
Metcash Ltd.		29,664		99,327
Wesfarmers Ltd.		19,200		470,372
Wesfarmers Ltd., Price Protected Shares		4,128		100,920
Woolworths Ltd.		27,264		610,379
				1,299,644

Food, Beverage & Tobacco 0.2%
Coca-Cola Amatil Ltd.		19,008		174,666
Foster’s Group Ltd.		51,648		240,801
Goodman Fielder Ltd.		48,960		56,444
				471,911

Health Care Equipment & Services 0.1%
Ansell Ltd.		768		8,145
Cochlear Ltd.		768		47,649
Sigma Pharmaceuticals Ltd.		35,136		14,892
Sonic Healthcare Ltd.		6,048		51,525
				122,211

Insurance 0.4%
AMP Ltd.		37,152		177,940
AXA Asia Pacific Holdings Ltd.		24,096		119,493
Insurance Australia Group Ltd.		49,344		152,675
QBE Insurance Group Ltd.		13,728		228,322
Suncorp-Metway Ltd.		12,960		89,428
Tower Australia Group Ltd.		7,296		14,040
				781,898

Materials 1.8%
Adelaide Brighton Ltd.		10,848		25,013
Alumina Ltd.		40,896		58,242
Amcor Ltd.		35,808		186,983
BHP Billiton Ltd.		65,760		2,172,372
BlueScope Steel Ltd. *		37,920		74,254
Boral Ltd.		11,424		54,328
Fortescue Metals Group Ltd. *		44,064		156,509
Iluka Resources Ltd. *		21,984		87,588
Incitec Pivot Ltd.		37,248		95,041
Newcrest Mining Ltd.		10,752		292,028
OneSteel Ltd.		24,000		65,510
Orica Ltd.		6,624		142,288
OZ Minerals Ltd. *		52,704		48,698
Rio Tinto Ltd.		8,736		505,056
Sims Metal Management Ltd.		4,416		75,955
				4,039,865

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Media 0.0%
APN News & Media Ltd.		2,688		5,013
Consolidated Media Holdings Ltd.		14,688		38,598
Fairfax Media Ltd.		6,528		8,301
Ten Network Holdings Ltd. *		11,040		16,565
West Australian Newspapers Holdings Ltd.		96		553
				69,030

Pharmaceuticals, Biotechnology & Life Sciences 0.2%
CSL Ltd.		12,864		342,411

Real Estate 0.6%
Australand Property Group		9,792		20,337
CFS Retail Property Trust		81,024		132,904
Charter Hall Office REIT		89,760		20,164
Commonwealth Property Office Fund		108,960		86,823
Dexus Property Group		118,368		77,764
Goodman Group		94,272		49,547
GPT Group		40,872		92,854
Lend Lease Group		13,577		89,312
Mirvac Group		62,112		67,921
Stockland		56,160		183,762
Westfield Group		52,128		565,618
				1,387,006

Retailing 0.0%
Harvey Norman Holdings Ltd.		22,368		65,417

Software & Services 0.1%
Computershare Ltd.		13,728		126,497

Telecommunication Services 0.1%
Telstra Corp., Ltd.		77,568		193,975

Transportation 0.2%
Asciano Group *		47,040		63,801
Intoll Group		70,848		62,460
Macquarie Atlas Roads Group *		14,140		9,769
MAP Group		26,400		61,991
Qantas Airways Ltd. *		29,760		61,808
Toll Holdings Ltd.		23,040		121,873
Transurban Group		46,464		172,123
				553,825

Utilities 0.1%
AGL Energy Ltd.		12,096		138,529
SP Ausnet		73,152		52,709
				191,238
				16,441,145

Austria 0.3%

Banks 0.1%
Erste Group Bank AG		5,385		193,770
Raiffeisen International Bank Holding AG		2,784		120,124
				313,894

Capital Goods 0.0%
Strabag SE		1,056		25,081

Energy 0.1%
OMV AG		3,456		114,642

Insurance 0.0%
Vienna Insurance Group AG		864		36,342

Materials 0.1%
Voestalpine AG		3,552		100,305

Real Estate 0.0%
Immofinanz AG *		17,720		54,847

Telecommunication Services 0.0%
Telekom Austria AG		4,224		53,807

Utilities 0.0%
EVN AG		1,536		20,835
Verbund AG		1,344		43,771
				64,606
				763,524

Belgium 0.8%

Banks 0.1%
Dexia S.A. *		11,520		49,252
KBC GROEP N.V. *		4,128		161,952
				211,204

Diversified Financials 0.1%
Compagnie Nationale a Portefeuille/Nationale Portefeuille Maatschappij		672		29,368
Groupe Bruxelles Lambert S.A.		1,728		125,232
				154,600

Food & Staples Retailing 0.1%
Colruyt S.A.		384		87,651
Delhaize Group		2,304		185,472
				273,123

Food, Beverage & Tobacco 0.3%
Anheuser-Busch InBev N.V.		14,976		722,640

Insurance 0.1%
Ageas *		48,672		125,562

Materials 0.1%
Solvay S.A.		672		58,944
Umicore		1,632		49,598
				108,542

Pharmaceuticals, Biotechnology & Life Sciences 0.0%
UCB S.A.		2,784		92,127

Telecommunication Services 0.0%
Belgacom S.A.		2,304		71,697
				1,759,495

Canada 8.4%

Banks 2.2%
Bank of Montreal		9,600		563,256
Bank of Nova Scotia		19,200		876,744
Canadian Imperial Bank of Commerce		9,600		651,624
Royal Bank of Canada		28,800		1,516,957
The Toronto-Dominion Bank		19,200		1,314,569
				4,923,150

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Capital Goods 0.2%
Bombardier, Inc., B Shares		67,200		312,484
Finning International, Inc.		9,600		160,669
				473,153

Energy 2.3%
Cameco Corp.		9,600		234,431
Canadian Natural Resources Ltd.		19,200		668,422
Cenovus Energy, Inc.		19,200		517,246
Enbridge, Inc.		9,600		431,434
EnCana Corp.		19,200		592,104
Husky Energy, Inc.		9,600		240,365
Imperial Oil Ltd.		9,600		364,701
Nexen, Inc.		9,600		209,692
Suncor Energy, Inc.		28,800		878,570
Talisman Energy, Inc.		19,200		327,364
TransCanada Corp.		19,200		637,383
				5,101,712

Food, Beverage & Tobacco 0.1%
Saputo, Inc.		9,600		264,009

Insurance 0.8%
Great-West Lifeco, Inc.		9,600		237,079
Manulife Financial Corp.		38,400		641,947
Power Corp. of Canada		9,600		250,772
Power Financial Corp.		9,600		267,752
Sun Life Financial, Inc.		9,600		271,404
				1,668,954

Materials 1.4%
Barrick Gold Corp.		19,200		807,912
Goldcorp, Inc.		19,200		827,083
Kinross Gold Corp.		9,600		165,599
Potash Corp. of Saskatchewan, Inc.		9,600		953,336
Teck Resources Ltd., Class B *		9,600		326,816
Yamana Gold, Inc.		9,600		103,248
				3,183,994

Media 0.2%
Shaw Communications, Inc., B Shares		9,600		175,641
Thomson Reuters Corp.		9,600		339,962
				515,603

Real Estate 0.2%
Brookfield Asset Management, Inc., Class A		9,600		229,319
Brookfield Properties Corp.		19,200		281,354
				510,673

Software & Services 0.1%
CGI Group, Inc., A Shares *		9,600		150,171

Technology Hardware & Equipment 0.3%
Research In Motion Ltd. *		9,600		582,335

Telecommunication Services 0.3%
BCE, Inc.		9,600		279,985
Rogers Communications, Inc., B Shares		9,600		326,634
				606,619

Transportation 0.3%
Canadian National Railway Co.		9,600		551,388
				18,531,761

China 0.5%

Consumer Durables & Apparel 0.1%
Li Ning Co., Ltd.		48,000		167,995

Food, Beverage & Tobacco 0.3%
China Huiyuan Juice Group Ltd.		48,000		32,489
China Yurun Food Group Ltd.		96,000		256,462
People’s Food Holdings Ltd.		96,000		41,052
Want Want China Holdings Ltd.		288,000		217,500
				547,503

Materials 0.0%
Fosun International		48,000		31,626

Real Estate 0.0%
Shui On Land Ltd.		96,000		41,675
Soho China Ltd.		48,000		25,400
				67,075

Retailing 0.0%
Parkson Retail Group Ltd.		48,000		74,596

Semiconductors & Semiconductor Equipment 0.0%
Semiconductor Manufacturing International Corp. *		576,000		49,566

Software & Services 0.1%
Alibaba.com Ltd.		48,000		94,817

Technology Hardware & Equipment 0.0%
Foxconn International Holdings Ltd. *		96,000		71,760
				1,104,938

Denmark 0.8%

Banks 0.1%
Danske Bank A/S *		15,168		308,969

Capital Goods 0.1%
FLSmidth & Co. A/S		1,056		66,352
Rockwool International A/S, B Shares		96		8,481
Vestas Wind Systems A/S *		4,224		203,588
				278,421

Food, Beverage & Tobacco 0.1%
Carlsberg A/S, B Shares		2,016		153,737
Danisco A/S		576		34,139
				187,876

Health Care Equipment & Services 0.0%
Coloplast A/S, B Shares		288		29,690

Insurance 0.0%
Trygvesta A/S		480		26,134

Materials 0.1%
Novozymes A/S, B Shares		864		92,651

Pharmaceuticals, Biotechnology & Life Sciences 0.4%
H. Lundbeck A/S		1,056		15,568
Novo Nordisk A/S, B Shares		10,272		795,923
				811,491
				1,735,232

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Finland 1.2%

Automobiles & Components 0.1%
Nokian Renkaat Oyj		3,936		91,832

Capital Goods 0.2%
Kone Oyj, B Shares		4,608		181,040
Metso Oyj		1,344		42,461
Wartsila Oyj		3,648		156,774
				380,275

Energy 0.0%
Neste Oil Oyj		4,032		62,399

Food & Staples Retailing 0.1%
Kesko Oyj, B Shares		2,880		94,363

Insurance 0.1%
Sampo Oyj, A Shares		13,632		289,978

Materials 0.2%
Outokumpu Oyj		4,128		66,583
Rautaruukki Oyj		3,072		49,209
Stora Enso Oyj, R Shares		15,936		118,892
UPM-Kymmene Oyj		12,768		164,534
				399,218

Media 0.0%
Sanoma Oyj		1,440		25,180

Technology Hardware & Equipment 0.4%
Nokia Oyj		86,880		889,230

Utilities 0.1%
Fortum Oyj		12,768		290,020
				2,522,495

France 8.5%

Automobiles & Components 0.2%
Compagnie Generale des Etablissements Michelin, B Shares		2,592		173,688
PSA Peugeot S.A. *		4,032		97,179
Renault S.A. *		4,896		176,024
				446,891

Banks 0.9%
BNP Paribas		20,256		1,173,250
Credit Agricole S.A.		1,728		18,997
Natixis *		19,392		86,183
Societe Generale		14,784		648,108
				1,926,538

Capital Goods 1.1%
Alstom S.A.		5,568		266,889
Bouygues S.A.		5,280		224,435
Compagnie de Saint-Gobain		10,368		401,714
Eiffage S.A.		1,248		55,311
Legrand S.A.		1,248		36,920
Safran S.A.		3,936		106,538
Schneider Electric S.A.		4,800		482,409
Thales S.A.		1,440		48,771
Vallourec S.A.		1,152		215,290
Vinci S.A.		9,696		439,884
Wendel		672		36,793
				2,314,954

Commercial & Professional Services 0.1%
Bureau Veritas S.A.		1,440		75,913
Societe BIC S.A.		864		60,943
				136,856

Consumer Durables & Apparel 0.6%
Christian Dior S.A.		1,824		174,903
Hermes International		1,728		226,300
LVMH Moet Hennessy Louis Vuitton S.A.		7,968		844,228
				1,245,431

Consumer Services 0.2%
Accor S.A.		5,760		275,701
Sodexo		3,648		206,910
				482,611

Diversified Financials 0.0%
Eurazeo		768		46,685

Energy 1.1%
Compagnie Generale De Geophysique-Veritas *		3,072		70,442
Technip S.A.		2,112		138,789
Total S.A.		48,096		2,261,772
				2,471,003

Food & Staples Retailing 0.3%
Carrefour S.A.		15,264		636,399
Casino Guichard Perrachon S.A.		1,248		96,232
				732,631

Food, Beverage & Tobacco 0.4%
Danone S.A.		11,808		610,909
Pernod Ricard S.A.		4,530		342,432
				953,341

Health Care Equipment & Services 0.1%
Essilor International S.A.		3,456		197,917

Household & Personal Products 0.2%
L’Oreal S.A.		5,184		486,928

Insurance 0.4%
AXA S.A.		43,601		726,656
CNP Assurances		864		60,720
Euler Hermes S.A. *		288		18,318
SCOR SE		3,360		65,341
				871,035

Materials 0.4%
Air Liquide S.A.		5,120		502,068
Ciments Francais S.A.		96		7,710
Eramet		192		53,331
Imerys S.A.		384		20,007
Lafarge S.A.		4,320		249,686
				832,802

Media 0.4%
Eutelsat Communications		1,248		40,829
JC Decaux S.A. *		1,056		25,295
Lagardere S.C.A.		2,496		80,242
PagesJaunes Groupe		2,016		23,292
Publicis Groupe		2,592		107,684

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Societe Television Francaise 1		3,072		43,944
Vivendi		24,576		537,627
				858,913

Pharmaceuticals, Biotechnology & Life Sciences 0.5%
Ipsen S.A.		192		8,061
Sanofi-Aventis		19,584		1,183,713
				1,191,774

Real Estate 0.2%
Gecina S.A.		480		39,835
ICADE		192		15,719
Klepierre		1,728		46,432
Unibail-Rodamco SE		1,824		282,958
				384,944

Retailing 0.1%
PPR		1,920		229,260

Software & Services 0.1%
Atos Origin S.A. *		1,248		55,057
Cap Gemini S.A.		2,784		128,020
Dassault Systemes S.A.		960		55,687
				238,764

Technology Hardware & Equipment 0.1%
Alcatel-Lucent *		54,528		140,870

Telecommunication Services 0.3%
France Telecom S.A.		36,192		695,561

Transportation 0.0%
Air France-KLM *		1,920		23,435

Utilities 0.8%
EDF Energies Nouvelles S.A.		480		17,429
Electricite de France		6,528		290,203
GDF Suez		33,504		1,057,056
Suez Environnement S.A.		7,872		137,068
Veolia Environnement		10,080		261,095
				1,762,851
				18,671,995

Germany 6.4%

Automobiles & Components 0.7%
Bayerische Motoren Werke AG		6,816		316,664
Daimler AG — Reg’d *		22,080		1,097,287
Volkswagen AG		480		40,943
				1,454,894

Banks 0.1%
Commerzbank AG *		19,776		141,565
Deutsche Postbank AG *		2,112		64,355
				205,920

Capital Goods 1.0%
GEA Group AG		4,128		82,720
Hochtief AG		1,248		80,473
MAN SE		3,072		262,563
Siemens AG — Reg’d		18,816		1,704,257
				2,130,013

Consumer Durables & Apparel 0.1%
Adidas AG		4,608		229,794
Puma AG Rudolf Dassler Sport		192		54,456
				284,250

Consumer Services 0.0%
TUI AG *		7,776		69,616

Diversified Financials 0.5%
Deutsche Bank AG — Reg’d		13,440		803,403
Deutsche Boerse AG		4,320		266,227
				1,069,630

Food & Staples Retailing 0.1%
Metro AG		4,512		237,776

Health Care Equipment & Services 0.1%
Celesio AG		1,152		28,952
Fresenius Medical Care AG & Co. KGaA		3,456		173,262
Fresenius SE		288		18,269
				220,483

Household & Personal Products 0.1%
Beiersdorf AG		1,056		57,414
Henkel AG & Co. KGaA		1,632		65,205
				122,619

Insurance 0.7%
Allianz SE — Reg’d		9,216		926,565
Generali Deutschland Holding AG		192		20,459
Hannover Rueckversicherung AG — Reg’d		1,248		53,779
Muenchener Rueckversicherungs — Gesellschaft AG — Reg’d		3,936		501,628
				1,502,431

Materials 0.8%
BASF SE		14,880		786,267
HeidelbergCement AG		4,032		214,644
K&S AG		3,848		175,974
Lanxess AG		1,536		62,638
Linde AG		2,400		247,212
Salzgitter AG		960		61,843
ThyssenKrupp AG		7,680		208,590
Wacker Chemie AG		288		35,959
				1,793,127

Pharmaceuticals, Biotechnology & Life Sciences 0.5%
Bayer AG		16,992		955,384
Merck KGaA		1,248		91,107
				1,046,491

Semiconductors & Semiconductor Equipment 0.1%
Infineon Technologies AG *		19,680		111,004

Software & Services 0.4%
SAP AG		20,064		858,298

Telecommunication Services 0.3%
Deutsche Telekom AG — Reg’d		61,632		695,718

Transportation 0.1%
Deutsche Lufthansa AG — Reg’d *		3,552		47,437
Deutsche Post AG — Reg’d		16,896		251,899
Fraport AG		192		8,854
Hamburger Hafen und Logistik AG		192		6,126
				314,316

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Utilities 0.8%
E.ON AG		40,320		1,234,812
RWE AG		8,160		591,273
				1,826,085
				13,942,671

Greece 0.1%

Banks 0.1%
Alpha Bank A.E. ADR *		48,000		72,000
National Bank of Greece S.A. ADR *		76,800		188,160
				260,160
				260,160

Hong Kong 3.1%

Banks 0.4%
BOC Hong Kong Holdings Ltd.		96,000		216,020
Dah Sing Banking Group Ltd. *		79,200		98,162
Hang Seng Bank Ltd.		19,200		257,695
The Bank of East Asia Ltd.		57,600		207,142
				779,019

Capital Goods 0.4%
CITIC Resources Holdings Ltd. *		192,000		36,003
Hutchison Whampoa Ltd.		96,000		602,932
Johnson Electric Holdings Ltd. *		110,000		54,393
Melco International Development Ltd. *		17,000		6,659
Noble Group Ltd.		146,181		181,281
				881,268

Consumer Durables & Apparel 0.0%
C C Land Holdings Ltd.		96,000		31,688
Hutchison Harbour Ring Ltd.		192,000		17,508
Techtronic Industries Co., Ltd.		48,000		42,230
				91,426

Consumer Services 0.1%
China Travel International Investment Hong Kong Ltd.		192,000		40,196
Galaxy Entertainment Group Ltd. *		96,000		42,168
The Hongkong & Shanghai Hotels Ltd.		48,000		75,212
				157,576

Diversified Financials 0.2%
Hong Kong Exchanges & Clearing Ltd.		28,800		447,206

Food, Beverage & Tobacco 0.1%
China Mengniu Dairy Co., Ltd. *		96,000		276,190

Household & Personal Products 0.3%
Hengan International Group Co., Ltd.		96,000		692,324

Materials 0.0%
Lee & Man Paper Manufacturing Ltd.		102,400		77,728

Real Estate 1.1%
Cheung Kong (Holdings) Ltd.		10,000		113,538
Hongkong Land (Holdings) Ltd.		96,000		456,960
Hopewell Holdings Ltd.		48,000		130,697
Kerry Properties Ltd.		4,000		16,723
Kowloon Development Co., Ltd.		25,000		25,976
New World Development Co., Ltd.		96,000		154,864
Sino Land Co., Ltd.		30,000		50,244
Sun Hung Kai Properties Ltd.		96,000		1,281,077
The Link REIT		48,000		114,791
				2,344,870

Retailing 0.2%
Belle International Holdings Ltd.		96,000		130,450
Esprit Holdings Ltd.		28,948		165,078
GOME Electrical Appliances Holdings Ltd. *		480,000		149,192
Lifestyle International Holdings Ltd.		48,000		89,392
				534,112

Semiconductors & Semiconductor Equipment 0.0%
ASM Pacific Technology Ltd.		9,600		76,199

Technology Hardware & Equipment 0.1%
Lenovo Group Ltd.		192,000		117,134

Transportation 0.2%
Hopewell Highway Infrastructure Ltd.		480,000		316,878
				6,791,930

Ireland 0.4%

Banks 0.0%
Allied Irish Banks plc *		17,856		22,900
The Governor & Company of the Bank of Ireland *		17,472		15,836
				38,736

Commercial & Professional Services 0.1%
Experian plc		18,912		169,122

Food, Beverage & Tobacco 0.0%
Kerry Group plc, A Shares		2,208		60,582

Materials 0.2%
CRH plc		15,168		340,832

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Elan Corp. plc *		14,592		82,359
Shire plc		10,080		207,099
				289,458

Transportation 0.0%
Ryanair Holdings plc *		10,272		41,674
				940,404

Israel 0.7%

Banks 0.1%
Bank Hapoalim B.M. *		17,280		65,710
Bank Leumi Le-Israel *		9,600		39,560
				105,270

Capital Goods 0.1%
Delek Group Ltd.		96		19,442
Elbit Systems Ltd.		672		34,563
Koor Industries Ltd.		288		5,641
Ormat Industries Ltd.		5,088		35,100
				94,746

Energy 0.0%
Oil Refineries Ltd.		13,728		7,018
Paz Oil Co., Ltd.		96		13,440
				20,458

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Food, Beverage & Tobacco 0.0%
Osem Investments Ltd.		672		9,806
Strauss Group Ltd.		1,152		16,886
				26,692

Materials 0.1%
Israel Chemicals Ltd.		7,680		84,729
Makhteshim-Agan Industries Ltd.		6,432		23,066
The Israel Corp., Ltd. *		96		67,353
				175,148

Pharmaceuticals, Biotechnology & Life Sciences 0.4%
Teva Pharmaceutical Industries Ltd.		17,280		944,188

Retailing 0.0%
Delek Automotive Systems Ltd.		576		6,460

Software & Services 0.0%
NICE Systems Ltd. *		192		5,729

Telecommunication Services 0.0%
Bezeq Israeli Telecommunication Corp., Ltd.		28,800		64,974
				1,443,665

Italy 2.6%

Automobiles & Components 0.0%
Fiat S.p.A.		4,128		44,643
Pirelli & C S.p.A.		107,808		56,169
				100,812

Banks 0.7%
Banca Carige S.p.A.		13,728		26,764
Banca Monte dei Paschi di Siena S.p.A. *		54,912		60,876
Banca Popolare di Milano Scarl		8,064		34,233
Banco Popolare Societa Cooperatira		13,728		75,967
Intesa Sanpaolo		178,752		473,369
UniCredit S.p.A.		382,491		807,969
Unione di Banche Italiane S.c.p.A.		12,768		115,095
				1,594,273

Capital Goods 0.0%
Finmeccanica S.p.A.		8,544		89,504

Consumer Durables & Apparel 0.1%
Benetton Group S.p.A.		2,400		17,091
Bulgari S.p.A.		4,320		32,603
Luxottica Group S.p.A.		3,744		89,522
				139,216

Consumer Services 0.0%
Autogrill S.p.A. *		4,416		49,228
Lottomatica S.p.A.		3,264		48,783
				98,011

Diversified Financials 0.0%
EXOR S.p.A.		1,824		29,398
Mediobanca S.p.A. *		9,312		70,908
				100,306

Energy 0.6%
Eni S.p.A.		54,624		1,033,970
Saipem S.p.A.		6,720		210,567
Saras S.p.A. *		6,144		12,410
				1,256,947

Food, Beverage & Tobacco 0.0%
Parmalat S.p.A.		22,560		54,499

Insurance 0.3%
Assicurazioni Generali S.p.A.		31,776		583,067
Fondiaria-Sai S.p.A.		2,016		20,075
Fondiaria-Sai S.p.A. — RSP		768		5,285
Mediolanum S.p.A.		3,744		15,582
Unipol Gruppo Finanziario S.p.A.		17,184		14,621
				638,630

Materials 0.0%
Buzzi Unicem S.p.A.		1,152		12,842
Italcementi S.p.A.		576		4,936
Italcementi S.p.A. — RSP		1,248		5,833
				23,611

Media 0.1%
Mediaset S.p.A.		17,088		106,836

Telecommunication Services 0.2%
Telecom Italia S.p.A.		240,960		288,077
Telecom Italia S.p.A. — RSP		86,496		80,797
				368,874

Transportation 0.1%
Atlantia S.p.A.		6,720		125,296

Utilities 0.5%
A2A S.p.A.		37,344		55,353
Edison S.p.A.		18,720		21,919
Enel S.p.A.		146,688		678,331
Snam Rete Gas S.p.A.		32,736		132,812
Terna-Rete Elettrica Nazionale S.p.A.		30,048		113,014
				1,001,429
				5,698,244

Japan 18.7%

Automobiles & Components 1.9%
Bridgestone Corp.		9,600		155,707
Denso Corp.		9,600		259,054
Honda Motor Co., Ltd.		28,800		879,771
Isuzu Motors Ltd.		6,000		18,738
Mazda Motor Corp.		10,000		25,951
Mitsubishi Motors Corp. *		96,000		123,510
NHK Spring Co., Ltd.		5,000		47,449
Nissan Motor Co., Ltd. *		48,000		349,417
Nok Corp.		9,600		154,651
Sumitomo Rubber Industries Ltd.		9,600		85,824
Suzuki Motor Corp.		9,600		192,971
Takata Corp.		2,000		44,821
Toyota Motor Corp.		48,000		1,741,808
Yamaha Motor Co., Ltd. *		9,600		140,295
				4,219,967

Banks 1.5%
Aozora Bank Ltd. *		96,000		121,399
Hokuhoku Financial Group, Inc.		96,000		174,181
Mitsubishi UFJ Financial Group, Inc.		240,000		1,171,761
Mizuho Financial Group, Inc.		211,200		385,520
Mizuho Trust & Banking Co., Ltd.		96,000		82,340

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Resona Holdings, Inc.		19,200		242,797
Sapporo Hokuyo Holdings, Inc.		19,200		70,728
Shinsei Bank Ltd. *		96,000		98,175
Sumitomo Mitsui Financial Group, Inc.		28,800		863,937
				3,210,838

Capital Goods 2.4%
COMSYS Holdings Corp.		9,600		80,862
Daikin Industries Ltd.		9,600		324,082
Fanuc Ltd.		9,600		1,018,694
Hitachi Construction Machinery Co., Ltd.		500		10,215
IHI Corp. *		96,000		165,736
JS Group Corp.		9,600		185,265
JTEKT Corp.		9,600		100,814
Kawasaki Heavy Industries Ltd.		96,000		276,578
Komatsu Ltd.		28,800		542,811
Mitsubishi Corp.		28,800		656,820
Mitsubishi Electric Corp. *		2,000		16,428
Mitsubishi Heavy Industries Ltd.		96,000		352,584
Mitsui & Co., Ltd.		28,800		418,350
Sojitz Corp.		48,000		79,701
Sumitomo Corp.		28,800		315,742
Sumitomo Electric Industries Ltd.		19,200		228,652
THK Co., Ltd.		9,600		196,877
Toyota Tsusho Corp.		9,600		134,172
Ushio, Inc.		9,600		150,007
				5,254,390

Commercial & Professional Services 0.2%
Kokuyo Co., Ltd.		9,600		82,973
Secom Co., Ltd.		9,600		414,867
				497,840

Consumer Durables & Apparel 0.9%
Haseko Corp. *		48,000		46,976
Makita Corp.		9,600		265,283
NAMCO BANDAI Holdings, Inc.		9,600		86,246
Panasonic Corp.		57,600		741,060
Sanyo Electric Co., Ltd. *		96,000		140,400
Sega Sammy Holdings, Inc.		9,600		122,243
Sony Corp.		19,200		599,182
Sumitomo Forestry Co., Ltd.		9,600		76,112
				2,077,502

Diversified Financials 0.8%
Acom Co., Ltd.		2,880		38,510
Credit Saison Co., Ltd.		9,600		110,103
Daiwa Securities Group, Inc.		96,000		433,868
Matsui Securities Co., Ltd.		9,600		64,500
Mitsubishi UFJ Lease & Finance Co., Ltd.		1,920		72,417
Monex Group, Inc.		96		40,062
Nomura Holdings, Inc.		76,800		478,839
ORIX Corp.		3,840		295,579
Promise Co., Ltd. *		9,600		66,611
SBI Holdings, Inc.		576		99,188
Takefuji Corp.		8,640		26,127
				1,725,804

Energy 0.1%
JX Holdings, Inc. *		41,800		224,306
Showa Shell Sekiyu K.K.		9,600		67,878
				292,184

Food & Staples Retailing 0.3%
Aeon Co., Ltd.		19,200		199,094
Seven & I Holdings Co., Ltd.		19,200		443,791
Uny Co., Ltd.		9,600		73,367
				716,252

Food, Beverage & Tobacco 0.4%
Asahi Breweries Ltd.		9,600		160,352
Japan Tobacco, Inc.		96		303,286
Kagome Co., Ltd.		9,600		157,924
Kewpie Corp.		9,600		102,608
Yakult Honsha Co., Ltd.		9,600		235,619
				959,789

Insurance 0.9%
Mitsui Sumitomo Insurance Group Holdings, Inc.		19,200		472,716
Sony Financial Holdings, Inc.		96		324,082
T&D Holdings, Inc.		9,600		225,379
The Dai-ichi Life Insurance Co., Ltd.		192		312,681
Tokio Marine Holdings, Inc.		19,200		534,999
				1,869,857

Materials 1.4%
Hitachi Chemical Co., Ltd.		9,600		187,904
JFE Holdings, Inc.		9,600		319,331
JSR Corp.		9,600		174,920
Kobe Steel Ltd. *		96,000		195,294
Mitsubishi Chemical Holdings Corp.		48,000		226,963
Nippon Steel Corp.		96,000		334,638
Nitto Denko Corp.		9,600		343,611
Shin-Etsu Chemical Co., Ltd.		9,600		489,290
Showa Denko K.K.		96,000		191,071
Sumitomo Metal Industries Ltd.		96,000		241,742
Tokyo Steel Manufacturing Co., Ltd.		9,600		106,936
Toyo Seikan Kaisha Ltd.		9,600		149,795
				2,961,495

Media 0.2%
Dentsu, Inc.		9,600		245,964
Hakuhodo DY Holdings, Inc.		1,920		98,175
Toho Co., Ltd.		9,600		150,429
				494,568

Pharmaceuticals, Biotechnology & Life Sciences 0.7%
Astellas Pharma, Inc.		9,600		304,552
Chugai Pharmaceutical Co., Ltd.		9,600		166,686
Daiichi Sankyo Co., Ltd.		9,600		167,214
Dainippon Sumitomo Pharma Co., Ltd.		9,600		75,162
Eisai Co., Ltd.		9,600		314,581
Takeda Pharmaceutical Co., Ltd.		9,600		395,865
				1,424,060

Real Estate 0.3%
Leopalace21 Corp. *		19,200		77,062
Mitsubishi Estate Co., Ltd.		2,000		30,965
Mitsui Fudosan Co., Ltd.		3,000		45,854
NTT Urban Development Corp.		96		79,912
Sumitomo Real Estate Sales Co., Ltd.		960		43,862
Sumitomo Realty & Development Co., Ltd.		2,000		35,936
Tokyo Tatemono Co., Ltd.		96,000		356,807
				670,398

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Retailing 0.2%
Isetan Mitsukoshi Holdings Ltd.		19,200		197,616
USS Co., Ltd.		960		63,022
Yamada Denki Co., Ltd.		3,840		268,977
				529,615

Semiconductors & Semiconductor Equipment 0.5%
Advantest Corp.		9,600		216,829
Elpida Memory, Inc. *		9,600		173,442
Sumco Corp. *		9,600		174,814
Tokyo Electron Ltd.		9,600		567,935
				1,133,020

Software & Services 0.5%
KONAMI Corp.		9,600		159,824
Nintendo Co., Ltd.		500		147,130
Nomura Research Institute Ltd.		9,600		217,356
NTT Data Corp.		96		354,168
Yahoo! Japan Corp.		480		168,639
				1,047,117

Technology Hardware & Equipment 2.0%
Alps Electric Co., Ltd. *		9,600		85,507
Brother Industries Ltd.		9,600		105,986
Canon, Inc.		28,800		1,184,429
FUJIFILM Holdings Corp.		9,600		285,445
Hitachi Ltd. *		96,000		390,587
Hoya Corp.		9,600		229,708
Kyocera Corp.		9,600		842,402
Murata Manufacturing Co., Ltd.		9,600		471,872
OMRON Corp.		9,600		201,205
Toshiba Corp. *		96,000		497,207
Yokogawa Electric Corp.		9,600		67,350
				4,361,698

Telecommunication Services 0.8%
KDDI Corp.		96		440,202
Nippon Telegraph & Telephone Corp.		9,600		392,698
NTT DoCoMo, Inc.		384		576,380
SOFTBANK Corp.		9,600		233,086
				1,642,366

Transportation 1.2%
All Nippon Airways Co., Ltd.		96,000		287,134
Central Japan Railway Co.		96		764,284
East Japan Railway Co.		9,600		612,272
Kintetsu Corp.		96,000		282,912
Tokyu Corp.		96,000		381,087
West Japan Railway Co.		96		338,333
				2,666,022

Utilities 1.5%
Chubu Electric Power Co., Inc.		9,600		221,685
Electric Power Development Co., Ltd.		9,600		284,601
Hokkaido Electric Power Co., Inc.		9,600		194,027
Hokuriku Electric Power Co.		9,600		194,660
Kyushu Electric Power Co., Inc.		9,600		195,927
Osaka Gas Co., Ltd.		96,000		326,193
Shikoku Electric Power Co., Inc.		9,600		252,720
The Chugoku Electric Power Co., Inc.		9,600		180,937
The Kansai Electric Power Co., Inc.		19,200		439,569
The Tokyo Electric Power Co., Inc.		19,200		475,883
Tohoku Electric Power Co., Inc.		9,600		190,015
Tokyo Gas Co., Ltd.		96,000		420,145
				3,376,362
				41,131,144

Luxembourg 0.5%

Energy 0.1%
Tenaris S.A.		8,064		151,847

Materials 0.3%
ArcelorMittal		22,560		687,707

Media 0.1%
RTL Group		192		14,059
SES		6,432		134,838
				148,897
				988,451

Netherlands 3.6%

Capital Goods 0.3%
Koninklijke (Royal) Philips Electronics N.V.		20,928		630,087

Commercial & Professional Services 0.1%
Randstad Holding N.V. *		3,840		161,355

Diversified Financials 0.3%
ING Groep N.V. CVA *		75,170		599,187

Energy 1.5%
Fugro N.V. CVA		1,632		85,230
Royal Dutch Shell plc, A Shares		69,408		1,829,445
Royal Dutch Shell plc, B Shares		53,088		1,344,403
SBM Offshore N.V.		3,168		50,903
				3,309,981

Food & Staples Retailing 0.1%
Koninklijke Ahold N.V.		27,840		352,750

Food, Beverage & Tobacco 0.5%
Heineken Holding N.V.		1,440		53,663
Heineken N.V.		3,648		156,886
Unilever N.V. CVA		29,472		811,185
				1,021,734

Insurance 0.1%
AEGON N.V. *		38,688		221,413

Materials 0.2%
Akzo Nobel N.V.		4,416		226,482
James Hardie Industries N.V. CDI *		10,272		64,436
Koninklijke DSM N.V.		3,552		142,355
				433,273

Media 0.1%
Reed Elsevier N.V.		13,344		140,708
Wolters Kluwer N.V.		5,760		106,793
				247,501

Pharmaceuticals, Biotechnology & Life Sciences 0.0%
QIAGEN N.V. *		4,512		94,977

Real Estate 0.0%
Corio N.V.		1,536		73,492

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Semiconductors & Semiconductor Equipment 0.1%
ASML Holding N.V.		4,320		123,165
STMicroelectronics N.V.		5,760		45,544
				168,709

Telecommunication Services 0.2%
Koninklijke (Royal) KPN N.V.		30,528		400,361

Transportation 0.1%
TNT N.V.		5,856		148,615
				7,863,435

New Zealand 0.2%

Consumer Services 0.0%
Sky City Entertainment Group Ltd.		33,984		67,771

Health Care Equipment & Services 0.0%
Fisher & Paykel Healthcare Corp., Ltd.		16,512		36,288

Materials 0.1%
Fletcher Building Ltd.		32,832		180,832

Media 0.0%
Sky Network Television Ltd.		11,616		37,032

Real Estate 0.0%
Kiwi Income Property Trust		48,960		30,553

Retailing 0.0%
The Warehouse Group Ltd.		9,312		21,981

Telecommunication Services 0.0%
Telecom Corp. of New Zealand Ltd.		38,208		48,205

Transportation 0.1%
Air New Zealand Ltd.		12,960		10,461
Auckland International Airport Ltd.		55,680		71,003
				81,464

Utilities 0.0%
Vector Ltd.		192		272
				504,398

Norway 0.8%

Banks 0.1%
DnB NOR A.S.A.		20,208		203,258

Capital Goods 0.1%
Orkla A.S.A.		19,200		133,892

Energy 0.4%
Seadrill Ltd.		9,600		197,869
Statoil A.S.A.		28,800		580,248
				778,117

Insurance 0.0%
Storebrand A.S.A. *		19,200		104,442

Materials 0.1%
Norsk Hydro A.S.A.		19,200		116,970
Yara International A.S.A.		4,800		143,244
				260,214

Telecommunication Services 0.1%
Telenor A.S.A. *		19,200		237,948
				1,717,871

Papua N.Guinea 0.1%

Energy 0.1%
Oil Search Ltd.		29,856		140,718

Portugal 0.3%

Banks 0.0%
Banco BPI S.A. — Reg’d		11,328		22,295
Banco Comercial Portugues S.A. — Reg’d		86,880		68,567
				90,862

Energy 0.0%
Galp Energia, SGPS, S.A., B Shares		6,528		98,331

Food & Staples Retailing 0.1%
Jeronimo Martins, SGPS, S.A.		14,688		135,717

Materials 0.0%
CIMPOR-Cimentos de Portugal, SGPS, S.A.		3,264		17,171

Media 0.0%
Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.		6,912		27,463

Telecommunication Services 0.1%
Portugal Telecom, SGPS, S.A. — Reg’d		10,944		112,148

Transportation 0.0%
Brisa Auto-Estradas de Portugal S.A.		5,184		30,940

Utilities 0.1%
EDP — Energias de Portugal S.A.		67,872		211,836
				724,468

Republic of Korea 3.7%

Banks 0.7%
KB Financial Group, Inc. ADR *		19,200		767,616
Shinhan Financial Group Co., Ltd. ADR		9,600		673,056
				1,440,672

Materials 0.8%
POSCO ADR		19,200		1,850,304

Semiconductors & Semiconductor Equipment 1.1%
Samsung Electronics Co., Ltd. GDR Reg’d		7,680		2,505,600

Technology Hardware & Equipment 0.4%
LG Display Co., Ltd. ADR		48,000		858,720

Telecommunication Services 0.5%
KT Corp. ADR		28,800		535,968
SK Telecom Co., Ltd. ADR		28,800		447,840
				983,808

Utilities 0.2%
Korea Electric Power Corp. ADR *		38,400		517,632
				8,156,736

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Singapore 1.3%

Banks 0.3%
Oversea-Chinese Banking Corp., Ltd.		96,000		571,991

Capital Goods 0.1%
Singapore Technologies Engineering Ltd.		96,000		212,786
Yangzijiang Shipbuilding Holdings Ltd.		96,000		86,209
				298,995

Food & Staples Retailing 0.1%
Olam International Ltd.		96,000		159,419

Food, Beverage & Tobacco 0.2%
Golden Agri-Resources Ltd.		288,000		103,656
Wilmar International Ltd.		96,000		395,467
				499,123

Health Care Equipment & Services 0.0%
Parkway Holdings Ltd.(a)		25,000		56,660

Real Estate 0.3%
Allgreen Properties Ltd.		25,000		18,174
CapitaCommercial Trust		96,000		77,315
Capitaland Ltd.		96,000		244,259
CapitaMall Trust		96,000		125,893
Keppel Land Ltd.		33,000		81,612
				547,253

Telecommunication Services 0.2%
Singapore Telecommunications Ltd.		192,000		392,730

Transportation 0.1%
ComfortDelGro Corp., Ltd.		96,000		99,209
Neptune Orient Lines Ltd. *		96,000		127,945
Singapore Post Ltd.		96,000		75,946
				303,100
				2,829,271

Spain 3.2%

Banks 1.2%
Banco Bilbao Vizcaya Argentaria S.A.		49,632		527,882
Banco de Sabadell S.A.		25,124		107,568
Banco de Valencia S.A.		4,512		20,476
Banco Espanol de Credito S.A.		2,112		17,153
Banco Popular Espanol S.A.		22,752		116,884
Banco Santander S.A.		167,040		1,730,278
Bankinter S.A.		3,360		19,478
				2,539,719

Capital Goods 0.1%
ACS, Actividades de Construccion y Servicios S.A.		5,184		194,336
Fomento de Construcciones y Contratas S.A.		1,056		26,057
Zardoya Otis S.A.		2,784		36,288
				256,681

Diversified Financials 0.1%
Corporacion Financiera Alba S.A.		768		30,287
Criteria Caixacorp S.A.		25,728		110,472
				140,759

Energy 0.2%
Repsol YPF S.A.		25,152		521,072

Insurance 0.0%
Mapfre S.A.		20,565		57,490

Materials 0.0%
Acerinox S.A.		4,608		73,388

Media 0.0%
Gestevision Telecinco S.A.		2,208		22,613

Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Grifols S.A.		4,608		52,772

Retailing 0.1%
Industria de Diseno Textil S.A.		4,896		275,099

Software & Services 0.0%
Indra Sistemas S.A.		3,072		54,285

Telecommunication Services 0.8%
Telefonica S.A.		86,976		1,683,896

Transportation 0.1%
Abertis Infraestructuras S.A.		5,088		73,660
Ferrovial S.A.		9,408		63,205
				136,865

Utilities 0.6%
Acciona S.A.		672		53,698
EDP Renovaveis S.A. *		11,232		64,766
Enagas		4,320		71,012
Endesa S.A.		2,400		55,581
Gas Natural SDG S.A.		10,272		150,863
Iberdrola Renovables S.A.		22,944		71,101
Iberdrola S.A.		108,576		731,042
Red Electrica Corporacion S.A.		1,440		57,241
				1,255,304
				7,069,943

Sweden 2.7%

Banks 0.6%
Nordea Bank AB		75,648		622,413
Skandinaviska Enskilda Banken AB, A Shares		42,912		222,070
Svenska Handelsbanken AB, A Shares		14,784		359,735
Swedbank AB, A Shares *		12,960		116,213
				1,320,431

Capital Goods 0.8%
AB SKF, B Shares		10,944		191,528
Alfa Laval AB		10,560		133,928
Assa Abloy AB, B Shares		10,368		208,803
Atlas Copco AB, A Shares		13,920		197,833
Atlas Copco AB, B Shares		8,352		108,161
Sandvik AB		17,856		210,187
Scania AB, B Shares		8,256		121,545
Skanska AB, B Shares		10,272		151,224
Volvo AB, A Shares *		11,424		114,307
Volvo AB, B Shares *		26,688		278,092
				1,715,608

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Commercial & Professional Services 0.1%
Securitas AB, B Shares		19,392		173,024

Consumer Durables & Apparel 0.0%
Electrolux AB, Series B		3,840		85,655

Diversified Financials 0.2%
Industrivarden AB, A Shares		5,568		64,229
Industrivarden AB, C Shares		1,152		12,738
Investor AB, B Shares		15,648		252,709
				329,676

Food, Beverage & Tobacco 0.1%
Swedish Match AB		12,288		255,302

Materials 0.1%
Boliden AB		3,648		43,825
Holmen AB, B Shares		2,880		66,444
SSAB AB, A Shares		4,320		64,095
SSAB AB, B Shares		1,344		17,593
Svenska Cellulosa AB, B Shares		11,040		127,914
				319,871

Retailing 0.3%
Hennes & Mauritz AB, B Shares		9,888		557,708

Technology Hardware & Equipment 0.3%
Telefonaktiebolaget LM Ericsson, B Shares		65,472		661,363

Telecommunication Services 0.2%
Tele2 AB, B Shares		10,656		155,791
TeliaSonera AB		58,848		356,145
				511,936
				5,930,574

Switzerland 7.0%

Capital Goods 0.6%
ABB Ltd. — Reg’d *		49,248		845,443
Geberit AG — Reg’d		1,152		174,972
Schindler Holding AG		1,152		90,174
Schindler Holding AG — Reg’d		1,632		127,534
				1,238,123

Commercial & Professional Services 0.2%
Adecco S.A. — Reg’d		4,800		233,064
SGS S.A. — Reg’d		192		242,685
				475,749

Consumer Durables & Apparel 0.4%
Compagnie Financiere Richemont S.A., A Shares		13,344		436,595
Swatch Group AG		864		226,105
Swatch Group AG — Reg’d		2,592		125,407
				788,107

Diversified Financials 1.0%
Credit Suisse Group AG — Reg’d		25,056		977,388
EFG International AG		384		5,325
GAM Holding Ltd. *		3,648		38,893
Julius Baer Group Ltd.		5,184		151,205
Pargesa Holding S.A.		1,248		83,563
UBS AG — Reg’d *		71,616		954,715
				2,211,089

Food, Beverage & Tobacco 1.6%
Nestle S.A. — Reg’d		76,224		3,457,393

Health Care Equipment & Services 0.0%
Sonova Holding AG — Reg’d		864		93,532

Insurance 0.4%
Baloise Holding AG — Reg’d		1,344		94,984
Swiss Life Holding AG — Reg’d *		576		61,559
Swiss Reinsurance Co., Ltd. — Reg’d		4,416		180,005
Zurich Financial Services AG		3,072		628,228
				964,776

Materials 0.8%
Givaudan S.A. — Reg’d		288		225,060
Holcim Ltd. — Reg’d *		4,128		261,957
Syngenta AG — Reg’d		2,400		532,688
Xstrata plc *		47,136		692,079
				1,711,784

Pharmaceuticals, Biotechnology & Life Sciences 1.9%
Lonza Group AG — Reg’d		1,536		101,055
Novartis AG — Reg’d		44,640		2,028,653
Roche Holding AG		14,400		1,981,874
				4,111,582

Telecommunication Services 0.1%
Swisscom AG — Reg’d		576		184,328

Transportation 0.0%
Kuehne & Nagel International AG — Reg’d		960		90,489

Utilities 0.0%
BKW FMB Energie AG		960		59,966
				15,386,918

United Kingdom 15.3%

Banks 2.7%
Barclays plc		231,744		1,022,289
HSBC Holdings plc		344,544		3,127,441
Lloyds Banking Group plc *		793,922		649,936
Royal Bank of Scotland Group plc *		397,632		268,658
Standard Chartered plc		40,992		970,221
				6,038,545

Capital Goods 0.5%
BAE Systems plc		63,456		296,070
Bunzl plc		3,264		33,813
Cobham plc		14,688		49,057
European Aeronautic Defence & Space Co.		6,816		135,197
Invensys plc		14,784		59,188
Rolls-Royce Group plc *		31,008		264,290
Rolls-Royce Group plc, C Shares *(a)		2,441,880		3,531
Smiths Group plc		5,952		88,983
Tomkins plc		14,592		51,436
Wolseley plc *		6,240		148,865
				1,130,430

Commercial & Professional Services 0.2%
Capita Group plc		11,040		124,585
G4S plc		27,264		103,595
Hays plc		24,864		36,345

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Rentokil Initial plc *		42,816		75,091
				339,616

Consumer Durables & Apparel 0.0%
Burberry Group plc		9,504		94,884

Consumer Services 0.5%
Carnival plc		5,472		207,919
Compass Group plc		43,200		334,477
Intercontinental Hotels Group plc		9,600		151,849
Ladbrokes plc		27,168		55,543
PartyGaming plc *		7,296		27,543
Thomas Cook Group plc		23,616		70,920
TUI Travel plc		18,912		64,996
Whitbread plc		5,664		113,422
William Hill plc		22,272		56,772
				1,083,441

Diversified Financials 0.2%
3i Group plc		20,640		85,021
ICAP plc		16,032		89,891
Man Group plc		35,232		118,589
Provident Financial plc		5,376		63,038
Schroders plc		2,976		57,185
Schroders plc, Non-Voting Shares		2,880		43,764
				457,488

Energy 1.9%
AMEC plc		4,416		50,760
BG Group plc		64,320		986,698
BP plc		371,136		2,655,130
Cairn Energy plc *		23,040		134,216
Petrofac Ltd.		1,248		20,318
Tullow Oil plc		17,184		277,524
				4,124,646

Food & Staples Retailing 0.6%
J Sainsbury plc		37,632		176,289
Tesco plc		155,520		925,517
William Morrison Supermarkets plc		50,688		193,625
				1,295,431

Food, Beverage & Tobacco 1.7%
Associated British Foods plc		3,360		46,492
British American Tobacco plc		38,400		1,134,009
Diageo plc		48,000		732,178
Imperial Tobacco Group plc		17,088		444,720
SABMiller plc		22,848		644,508
Tate & Lyle plc		4,032		24,496
Unilever plc		25,152		679,317
				3,705,720

Health Care Equipment & Services 0.0%
Smith & Nephew plc		11,904		107,829

Household & Personal Products 0.3%
Reckitt Benckiser Group plc		13,344		626,071

Insurance 0.7%
Admiral Group plc		2,592		48,345
Aviva plc		56,448		261,087
Legal & General Group plc		126,240		144,285
Old Mutual plc *		113,280		186,716
Prudential plc		56,256		440,444
Resolution Ltd.		167,232		150,395
RSA Insurance Group plc		59,040		100,045
Standard Life plc		40,896		107,261
				1,438,578

Materials 2.0%
Anglo American plc *		26,976		1,037,876
Antofagasta plc		4,992		63,949
BHP Billiton plc		43,392		1,200,183
Eurasian Natural Resources Corp.		8,064		117,060
Fresnillo plc		3,936		51,445
Johnson Matthey plc		2,880		63,835
Kazakhmys plc		4,704		80,595
Lonmin plc *		4,224		102,846
Randgold Resources Ltd.		576		49,885
Rexam plc		11,712		53,240
Rio Tinto plc		31,968		1,473,985
Vedanta Resources plc		3,072		102,691
				4,397,590

Media 0.4%
Aegis Group plc		15,648		26,697
British Sky Broadcasting Group plc		22,176		184,684
Daily Mail & General Trust plc, A Shares		4,224		29,755
ITV plc *		87,744		70,917
Pearson plc		13,632		187,342
Reed Elsevier plc		20,064		139,710
United Business Media Ltd.		3,552		26,243
WPP plc		23,424		222,171
				887,519

Pharmaceuticals, Biotechnology & Life Sciences 1.3%
AstraZeneca plc		28,416		1,192,089
GlaxoSmithKline plc		101,472		1,697,472
				2,889,561

Real Estate 0.3%
British Land Co. plc		26,304		171,218
Capital & Counties Properties plc *		20,736		31,181
Capital Shopping Centres Group		20,736		98,338
Hammerson plc		20,352		105,992
Land Securities Group plc		15,072		130,969
SEGRO plc		18,912		78,231
				615,929

Retailing 0.2%
Home Retail Group plc		13,248		48,270
Kingfisher plc		39,936		129,168
Marks & Spencer Group plc		27,072		138,445
Next plc		2,592		77,913
				393,796

Software & Services 0.1%
Autonomy Corp. plc *		3,360		85,113
Logica plc		32,352		59,266
The Sage Group plc		19,200		65,986
				210,365

Telecommunication Services 1.1%
BT Group plc		131,424		241,324
Cable & Wireless Communications plc		44,448		37,499
Cable & Wireless Worldwide plc *		44,448		51,284
Inmarsat plc		2,400		26,216
TalkTalk Telecom Group plc *		1,536		2,698
Vodafone Group plc		1,056,480		2,110,256
				2,469,277

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Transportation 0.0%
British Airways plc *		4,512		13,126

Utilities 0.6%
Centrica plc		92,544		367,695
Drax Group plc		6,144		29,812
International Power plc		30,528		128,135
National Grid plc		44,448		320,876
Scottish & Southern Energy plc		16,416		249,693
Severn Trent plc		3,360		58,200
United Utilities Group plc		10,560		82,372
				1,236,783
				33,556,625

United States 0.1%

Health Care Equipment & Services 0.1%
Synthes, Inc.		1,440		152,155
Total Common Stock (Cost $244,840,220)				216,760,366


Other Investment Company 0.4% of net assets

United States 0.4%

State Street Institutional Liquid Reserves Fund — Institutional Class		997,877		997,877
Total Other Investment Company (Cost $997,877)				997,877


Preferred Stock 0.2% of net assets

Germany 0.2%

Automobiles & Components 0.1%
Porsche Automobil Holding SE		288		12,620
Volkswagen AG		2,346		203,029
				215,649

Health Care Equipment & Services 0.0%
Fresenius SE		1,152		73,089

Household & Personal Products 0.1%
Henkel AG & Co. KGaA		2,688		125,644
				414,382

Italy 0.0%

Diversified Financials 0.0%
EXOR S.p.A.		1,632		16,724

Insurance 0.0%
Unipol Gruppo Finanziario S.p.A.		20,928		12,310
				29,034

Total Preferred Stock (Cost $480,163)				443,416


Rights 0.0% of net assets

Australia 0.0%

Transportation 0.0%
Transurban Group		4,004		—

Belgium 0.0%

Banks 0.0%
Dexia S.A.		11,520		—

Ireland 0.0%

Banks 0.0%
The Governor & Company of the Bank of Ireland *		25,116		5,420

Spain 0.0%

Transportation 0.0%
Abertis Infraestructuras S.A. *		5,088		3,696

United Kingdom 0.0%

Utilities 0.0%
National Grid plc *		17,778		35,279
Total Rights (Cost $15,840)				44,395


End of Investments

At 05/31/10, the tax basis cost of the fund’s investments was $246,403,794 and the unrealized appreciation and depreciation were $1,310,883 and ($29,468,623), respectively, with a net unrealized depreciation of ($28,157,740).

*		Non-income producing security.

(a)		Fair value by management in accordance with procedures approved by the Board of Trustees.

ADR		American Depositary Receipt

CDI		CHESS Depositary Interest

CVA		Dutch Certificate

GDR		Global Depositary Receipt

Reg’d		Registered.

REIT		Real Estate Investment Trust

RSP		Risparmio (Convertible Savings Shares)

Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	•		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. The fund does not adjust the quoted price for such investments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price.

	•		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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

	•		Level 3—significant unobservable inputs (including the funds’ 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.


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	215,573,276	$	—	$	—	$	215,573,276
Singapore
Health Care Equipment & Services		—		—		56,660		56,660
United Kingdom
Capital Goods		1,126,899		—		3,531		1,130,430
Other Investment Company(a)		997,877		—		—		997,877
Preferred Stock(a)		443,416		—		—		443,416
Rights(a)		44,395		—		—		44,395

Total	$	218,185,863	$	—	$	60,191	$	218,246,054


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

Schwab Strategic Trust
Schwab International Small-Cap Equity ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.


				Cost		Value
Holdings by Category				($)		($)
	98.7	%	Common Stock		47,925,847		44,066,627
	0.7	%	Other Investment Companies		355,397		328,368
	0.3	%	Preferred Stock		104,172		105,903
	—	%	Warrants		637		1,006
	99.7	%	Total Investments		48,386,053		44,501,904
	0.3	%	Other Assets and Liabilities, Net				152,901
	100.0	%	Net Assets				44,654,805


	Number		Value
Security	of Shares		($)
Common Stock 98.7% of net assets

Australia 5.8%

Capital Goods 0.5%
Ausenco Ltd.		8,300		16,464
Boart Longyear Group *		20,792		49,175
Bradken Ltd.		6,020		37,457
Crane Group Ltd.		4,640		34,967
Macmahon Holdings Ltd.		54,660		26,180
Monadelphous Group Ltd.		1,460		16,089
UGL Ltd.		4,640		52,864
				233,196

Commercial & Professional Services 0.4%
Cabcharge Australia Ltd.		7,180		31,771
Campbell Brothers Ltd.		2,340		56,335
SAI Global Ltd.		8,800		30,510
Seek Ltd.		3,560		22,513
Transfield Services Ltd.		16,540		52,719
				193,848

Consumer Durables & Apparel 0.1%
G.U.D Holdings Ltd.		5,040		35,034

Consumer Services 0.1%
Invocare Ltd.		9,580		48,157

Diversified Financials 0.0%
Platinum Asset Management Ltd.		3,440		14,551

Energy 1.1%
Arrow Energy Ltd. *		28,940		118,492
AWE Ltd. *		22,500		40,054
Beach Energy Ltd.		67,240		43,605
Carnarvon Petroleum Ltd. *		66,460		19,718
Centennial Coal Co., Ltd.		17,060		57,847
Karoon Gas Australia Ltd. *		5,480		35,955
Linc Energy Ltd. *		26,620		26,176
Riversdale Mining Ltd. *		8,280		64,785
Roc Oil Co., Ltd. *		101,000		29,538
Whitehaven Coal Ltd.		8,260		33,960
				470,130

Food, Beverage & Tobacco 0.1%
GrainCorp Ltd.		11,700		58,021

Health Care Equipment & Services 0.3%
Healthscope Ltd.		12,520		55,507
Ramsay Health Care Ltd.		5,180		60,992
				116,499

Materials 1.1%
Andean Resources Ltd. *		15,220		41,802
Atlas Iron Ltd. *		23,600		41,612
Coal of Africa Ltd. *		26,360		41,786
Cudeco Ltd. *		3,940		13,326
Gindalbie Metals Ltd. *		37,740		34,551
Independence Group NL		9,980		38,832
Kingsgate Consolidated Ltd.		3,000		21,515
Lynas Corp., Ltd. *		95,840		41,028
MacArthur Coal Ltd.		6,100		59,363
Minara Resources Ltd. *		16,020		10,049
Mount Gibson Iron Ltd. *		39,440		50,317
Murchison Metals Ltd. *		22,480		37,446
PanAust Ltd. *		111,540		45,385
Sundance Resources Ltd. *		259,400		29,686
				506,698

Media 0.1%
Austar United Communications Ltd. *		31,180		26,035

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Biota Holdings Ltd. *		14,520		13,601
Pharmaxis Ltd. *		17,720		46,265
				59,866

Real Estate 0.7%
Abacus Property Group		92,720		30,260
Bunnings Warehouse Property Trust		30,880		50,260
Centro Retail Group		112,100		20,431
Charter Hall Retail REIT		92,920		41,353
Cromwell Group		38,540		22,543
FKP Property Group		58,920		39,208
ING Industrial Fund		132,440		43,785
ING Office Fund		131,180		64,497
				312,337

Retailing 0.5%
Automotive Holdings Group		10,900		21,252
David Jones Ltd.		18,920		70,569
JB Hi-Fi Ltd.		2,940		46,929
Pacific Brands Ltd. *		59,220		51,456
Wotif.com Holdings Ltd.		2,800		14,573
				204,779

Semiconductors & Semiconductor Equipment 0.1%
Silex Systems Ltd. *		10,700		48,980

Software & Services 0.1%
carsales.com.au Ltd.		4,220		18,244
Iress Market Technology Ltd.		3,720		26,867
Oakton Ltd.		7,420		15,159
				60,270

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Telecommunication Services 0.1%
TPG Telecom Ltd.		9,840		17,267

Transportation 0.2%
ConnectEast Group		188,260		62,239
Virgin Blue Holdings Ltd. *		96,800		25,438
				87,677

Utilities 0.2%
APA Group		17,820		53,022
Infigen Energy		32,280		22,986
				76,008
				2,569,353

Austria 1.0%

Automobiles & Components 0.1%
Semperit AG Holding		860		31,815

Capital Goods 0.3%
Andritz AG		1,160		64,371
Wienerberger AG *		4,500		68,532
				132,903

Consumer Services 0.1%
bwin Interactive Entertainment AG		1,000		46,502

Energy 0.1%
Schoeller-Bleckmann Oilfield Equipment AG		800		38,179

Materials 0.1%
Mayr Melnhof Karton AG		280		24,474
RHI AG *		1,500		39,787
				64,261

Real Estate 0.2%
CA Immobilien Anlagen AG *		4,040		42,545
Conwert Immobilien Invest SE		3,900		41,264
Sparkassen Immobilien AG *		4,820		28,887
				112,696

Transportation 0.1%
Oesterreichische Post AG		1,220		27,877
				454,233

Belgium 1.7%

Capital Goods 0.2%
Bekaert N.V.		520		87,465

Diversified Financials 0.5%
Ackermans & van Haaren N.V.		980		58,243
Banque Nationale de Belgique *		20		93,323
RHJ International *		5,580		44,038
Sofina S.A.		680		54,531
				250,135

Health Care Equipment & Services 0.2%
AGFA-Gevaert N.V. *		5,960		38,512
Omega Pharma S.A.		840		36,353
				74,865

Materials 0.2%
Nyrstar		4,140		43,650
Tessenderlo Chemie N.V.		1,200		34,612
				78,262

Real Estate 0.2%
Befimmo S.C.A.		700		49,565
Cofinimmo		500		58,063
				107,628

Retailing 0.1%
S.A. D’ieteren N.V.		120		52,754

Technology Hardware & Equipment 0.1%
EVS Broadcast Equipment S.A.		540		24,758

Telecommunication Services 0.1%
Telenet Group Holding N.V. *		2,380		61,692

Utilities 0.1%
Elia System Operator S.A./N.V.		960		30,708
				768,267

Canada 19.3%

Automobiles & Components 0.1%
Linamar Corp.		2,000		36,649
Martinrea International, Inc. *		2,000		14,302
				50,951

Banks 0.2%
Canadian Western Bank		2,000		42,335
Genworth MI Canada, Inc.		2,000		46,767
				89,102

Capital Goods 0.6%
Aecon Group, Inc.		2,000		20,293
ATS Automation Tooling Systems, Inc. *		4,000		27,425
CAE, Inc.		10,000		91,860
Russel Metals, Inc.		2,000		35,622
Superior Plus Corp.		4,000		50,019
Toromont Industries Ltd.		2,000		48,878
				274,097

Commercial & Professional Services 0.4%
IESI-BFC Ltd.		2,000		40,320
Ritchie Bros Auctioneers, Inc.		4,000		81,856
Stantec, Inc. *		2,000		49,372
Transcontinental, Inc., Class A		2,000		23,697
				195,245

Consumer Durables & Apparel 0.4%
Dorel Industries, Inc., Class B		2,000		71,776
Gildan Activewear, Inc. *		4,000		116,014
				187,790

Consumer Services 0.5%
Great Canadian Gaming Corp. *		4,000		23,697
Tim Hortons, Inc.		6,000		198,897
				222,594

Diversified Financials 0.8%
AGF Management Ltd., Class B		2,000		29,631
CI Financial Corp.		6,000		105,268
Dundee Corp., Class A *		2,000		25,409
DundeeWealth, Inc.		2,000		26,569
GMP Capital, Inc.		2,000		20,065
Onex Corp.		4,000		99,581

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
TMX Group, Inc.		2,000		51,731
				358,254

Energy 3.5%
Advantage Oil & Gas Ltd. *		6,000		36,516
Bankers Petroleum Ltd. *		8,000		56,828
Birchcliff Energy Ltd. *		4,000		35,413
BlackPearl Resources, Inc. *		8,000		20,997
Calfrac Well Services Ltd.		2,000		37,162
Celtic Exploration Ltd. *		4,000		36,896
Connacher Oil and Gas Ltd. *		18,000		25,504
Corridor Resources, Inc. *		4,000		17,877
Crescent Point Energy Corp.		6,000		222,518
Crew Energy, Inc. *		2,000		33,644
Denison Mines Corp. *		18,000		24,477
Ensign Energy Services, Inc.		6,000		75,542
Mullen Group Ltd.		2,000		27,102
Niko Resources Ltd.		2,000		196,025
NuVista Energy Ltd.		4,000		41,613
OPTI Canada, Inc. *		14,000		24,895
Pacific Rubiales Energy Corp. *		8,000		166,603
Paramount Resources Ltd., A Shares *		2,000		35,089
Pason Systems, Inc.		2,000		21,073
PetroBakken Energy Ltd., A Shares		2,000		45,455
Petrobank Energy & Resources Ltd. *		2,000		83,149
Progress Energy Resources Corp.		6,000		68,695
Savanna Energy Services Corp.		4,000		23,013
ShawCor Ltd., Class A		2,000		53,614
Storm Exploration, Inc. *		2,000		19,570
Trican Well Service Ltd.		4,000		46,634
Trinidad Drilling Ltd.		4,000		19,399
Uranium One, Inc. *		22,000		45,397
UTS Energy Corp. *		16,000		35,146
				1,575,846

Food & Staples Retailing 0.8%
Alimentation Couche-Tard, Inc., B Shares		4,000		72,689
Empire Co., Ltd., A Shares		2,000		100,418
Metro, Inc., A Shares		4,000		165,805
The Jean Coutu Group PJC, Inc., A Shares		4,000		34,614
				373,526

Food, Beverage & Tobacco 0.4%
Cott Corp. *		4,000		29,403
Maple Leaf Foods, Inc.		4,000		36,592
Viterra, Inc. *		14,000		101,712
				167,707

Health Care Equipment & Services 0.1%
CML Healthcare Income Fund		4,000		38,874

Insurance 0.5%
Industrial Alliance Insurance & Financial Services, Inc.		2,000		64,378
Intact Financial Corp.		4,000		172,499
				236,877

Materials 7.1%
Alamos Gold, Inc.		4,000		57,703
Aurizon Mines Ltd. *		6,000		29,099
Canfor Corp. *		4,000		37,847
Capstone Mining Corp. *		8,000		17,573
CCL Industries, Inc., Class B		2,000		52,853
Centerra Gold, Inc. *		6,000		72,347
Consolidated Thompson Iron Mines Ltd. *		8,000		62,001
Corriente Resources, Inc., A Shares *		4,000		32,560
Detour Gold Corp. *		2,000		42,697
Eastern Platinum Ltd. *		24,000		26,930
Eldorado Gold Corp. *		16,000		272,651
Equinox Minerals Ltd. *		22,000		76,360
European Goldfields Ltd. *		6,000		35,774
First Quantum Minerals Ltd.		2,000		106,010
Franco-Nevada Corp.		4,000		114,112
Fronteer Gold, Inc. *		4,000		22,480
Gabriel Resources Ltd. *		6,000		22,480
Gammon Gold, Inc. *		6,000		44,218
Harry Winston Diamond Corp. *		2,000		24,952
HudBay Minerals, Inc. *		6,000		68,125
IAMGOLD Corp.		12,000		207,569
Inmet Mining Corp.		2,000		95,112
Ivanhoe Mines Ltd. *		10,000		145,778
Lake Shore Gold Corp. *		8,000		24,192
Lundin Mining Corp. *		14,000		52,187
Methanex Corp.		4,000		83,986
Minefinders Corp. *		2,000		17,649
New Gold, Inc. *		14,000		85,337
Northern Dynasty Minerals Ltd. *		2,000		14,701
Northgate Minerals Corp. *		10,000		29,289
Novagold Resources, Inc. *		4,000		28,642
Osisko Mining Corp. *		8,000		80,335
Pan American Silver Corp.		4,000		100,114
Quadra Fnx Mining Ltd. *		7,480		100,862
Red Back Mining, Inc. *		8,000		204,260
Rubicon Minerals Corp. *		4,000		13,922
SEMAFO, Inc. *		8,000		52,491
Sherritt International Corp.		10,000		63,332
Silver Standard Resources, Inc. *		2,000		36,097
Silver Wheaton Corp. *		12,000		227,767
Silvercorp Metals, Inc.		4,000		29,365
Taseko Mines Ltd. *		6,000		31,609
Thompson Creek Metals Co., Inc. *		4,000		39,293
Ventana Gold Corp. *		2,000		19,684
West Fraser Timber Co., Ltd.		2,000		81,761
Western Coal Corp. *		12,000		59,795
				3,143,901

Media 0.6%
Astral Media, Inc.		2,000		68,068
Cogeco Cable, Inc.		2,000		63,237
Groupe Aeroplan, Inc.		8,000		72,119
Quebecor, Inc., Class B		2,000		66,508
				269,932

Pharmaceuticals, Biotechnology & Life Sciences 0.3%
Biovail Corp.		6,000		90,434
MDS, Inc. *		4,000		33,853
				124,287

Real Estate 1.5%
Allied Properties Real Estate Investment Trust		2,000		37,296
Boardwalk Real Estate Investment Trust		2,000		75,770
Calloway Real Estate Investment Trust		2,000		38,665
Canadian Apartment Properties Real Estate Investment Trust		2,000		28,775
Canadian Real Estate Investment Trust		2,000		52,453

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Chartwell Seniors Housing Real Estate Investment Trust		4,000		27,653
Cominar Real Estate Investment Trust		2,000		35,945
Dundee Real Estate Investment Trust		2,000		46,063
Extendicare Real Estate Investment Trust		4,000		34,614
First Capital Realty, Inc.		3,200		43,058
H&R Real Estate Investment Trust		4,000		62,571
InnVest Real Estate Investment Trust		4,000		24,154
Morguard Real Estate Investment Trust		2,000		25,485
Primaris Retail Real Estate Investment Trust		2,000		32,085
RioCan Real Estate Investment Trust		6,000		109,833
				674,420

Retailing 0.3%
Reitmans Canada Ltd., A Shares		2,000		34,842
RONA inc. *		6,000		87,581
				122,423

Software & Services 0.4%
MacDonald, Dettwiler & Associates Ltd. *		2,000		82,199
Open Text Corp. *		2,000		84,918
				167,117

Technology Hardware & Equipment 0.2%
Celestica, Inc. *		8,000		74,781

Transportation 0.1%
TransForce, Inc.		2,000		18,695

Utilities 0.5%
ATCO Ltd., Class I		2,000		90,624
Emera, Inc.		2,000		46,348
Fortis, Inc.		4,000		102,054
				239,026
				8,605,445

China 0.7%

Capital Goods 0.1%
China Automation Group Ltd.		60,000		38,531

Consumer Durables & Apparel 0.1%
China Hongxing Sports Ltd.		340,000		29,078

Consumer Services 0.1%
Ajisen China Holdings Ltd.		60,000		61,650

Food, Beverage & Tobacco 0.1%
Synear Food Holdings Ltd. *		160,000		26,798

Health Care Equipment & Services 0.1%
Golden Meditech Holdings Ltd. *		240,000		46,237

Materials 0.1%
China Nickel Resources Holding Co., Ltd. *		160,000		24,865

Retailing 0.0%
Intime Department Store Group Co., Ltd.		20,000		17,210

Software & Services 0.0%
Kingsoft Corp., Ltd.		40,000		22,348

Technology Hardware & Equipment 0.1%
BYD Electronic International Co., Ltd. *		20,000		12,381
China Wireless Technologies Ltd.		88,000		34,699
				47,080
				313,797

Cyprus 0.1%

Energy 0.1%
ProSafe SE		8,000		34,809

Denmark 1.2%

Banks 0.3%
Jyske Bank A/S *		2,240		69,649
Sydbank A/S *		2,640		61,215
				130,864

Capital Goods 0.1%
NKT Holding A/S		760		35,018

Consumer Durables & Apparel 0.1%
Bang & Olufsen A/S *		1,820		16,893
IC Companys A/S *		800		28,375
				45,268

Energy 0.1%
Torm A/S *		4,320		33,867

Health Care Equipment & Services 0.1%
GN Store Nord A/S *		8,520		65,946

Insurance 0.1%
Topdanmark A/S *		580		66,138

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
ALK-Abello A/S		400		24,729

Software & Services 0.1%
SimCorp A/S		260		41,800

Transportation 0.2%
DSV A/S		6,600		98,670
				542,300

Finland 2.2%

Capital Goods 0.7%
Cargotec Corp., B Shares		1,460		39,591
Cramo Oyj *		1,780		27,086
KCI Konecranes Oyj		1,960		52,207
Outotec Oyj		1,400		44,041
Ramirent Oyj		3,360		29,749
Ruukki Group Oyj *		10,620		16,239
Uponor Oyj		1,940		27,416
Vacon Oyj		920		34,886
YIT Oyj		2,720		49,071
				320,286

Commercial & Professional Services 0.1%
Lassila & Tikanoja Oyj		1,700		28,888
Poyry Oyj		2,320		27,751
				56,639

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Consumer Durables & Apparel 0.1%
Amer Sports Oyj, A Shares		5,180		51,996

Diversified Financials 0.2%
Pohjola Bank plc		7,540		75,406

Materials 0.3%
Huhtamaki Oyj		3,920		39,977
Kemira Oyj		2,060		22,850
M-real Oyj, B Shares *		13,780		43,162
Talvivaara Mining Co. plc *		6,400		34,237
Tikkurila Oy *		508		9,434
				149,660

Media 0.1%
Alma Media Corp.		3,460		28,715

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Orion Oyj, Class B		2,920		51,672

Real Estate 0.2%
Citycon Oyj		9,340		29,370
Sponda Oyj		10,320		34,233
				63,603

Retailing 0.1%
Stockmann Oyj Abp, B Shares		1,440		46,169

Software & Services 0.1%
Tieto Oyj		2,780		52,828

Telecommunication Services 0.2%
Elisa Oyj *		4,940		83,701
				980,675

France 4.4%

Automobiles & Components 0.2%
Faurecia *		1,140		18,163
Valeo S.A. *		2,660		74,690
				92,853

Capital Goods 0.5%
Mersen		1,040		33,832
Nexans S.A.		1,040		65,342
Rexel S.A. *		2,920		40,419
Saft Groupe S.A.		880		27,270
Zodiac Aerospace		1,620		80,158
				247,021

Commercial & Professional Services 0.2%
Derichebourg S.A. *		7,020		26,239
Seche Environnement S.A.		380		23,791
Teleperformance		2,220		61,705
				111,735

Consumer Durables & Apparel 0.2%
Beneteau *		1,720		23,543
Nexity		1,080		31,377
SEB S.A.		760		51,237
				106,157

Diversified Financials 0.1%
Financiere Marc de Lacharriere S.A.		600		24,231

Energy 0.3%
Bourbon S.A.		2,120		84,180
Etablissements Maurel et Prom		4,040		48,574
				132,754

Food & Staples Retailing 0.1%
Rallye S.A.		1,020		31,382

Food, Beverage & Tobacco 0.1%
Remy Cointreau S.A.		820		41,459

Insurance 0.0%
April Group		700		19,681

Materials 0.3%
Arkema		2,120		77,004
Rhodia S.A. *		3,500		60,489
S.A. des Ciments Vicat		360		24,017
				161,510

Media 0.5%
Canal +		4,580		29,820
Havas S.A.		15,840		71,745
IPSOS		1,280		46,777
M6-Metropole Television		3,140		63,638
				211,980

Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Boiron S.A.		480		15,981
NicOx S.A. *		3,260		10,705
Stallergenes		400		27,243
Virbac S.A.		300		29,411
				83,340

Real Estate 0.3%
Fonciere Des Regions		840		76,632
Mercialys		880		25,035
Societe Immobiliere de Location pour l’Industrie et le Commerce		400		38,020
				139,687

Semiconductors & Semiconductor Equipment 0.1%
Silicon-On-Insulator Technologies *		2,640		25,116

Software & Services 0.3%
Alten *		1,320		34,419
Altran Technologies S.A. *		6,060		25,714
Groupe Steria SCA		1,100		31,701
UbiSoft Entertainment *		3,920		37,076
				128,910

Technology Hardware & Equipment 0.5%
Gemalto N.V.		2,900		108,017
Ingenico S.A.		1,160		23,889
Neopost S.A.		1,100		80,072
				211,978

Transportation 0.3%
Groupe Eurotunnel S.A. Reg’d		16,180		125,880

Utilities 0.2%
Rubis		540		43,024
Sechilienne S.A.		1,340		35,230
				78,254
				1,973,928

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Germany 4.2%

Automobiles & Components 0.2%
ElringKlinger AG		2,220		54,259
Leoni AG *		1,420		28,989
				83,248

Banks 0.1%
Aareal Bank AG *		1,480		25,816

Capital Goods 1.4%
Bauer AG		700		26,129
Conergy AG *		24,300		22,474
Demag Cranes AG *		860		27,085
Deutz AG *		8,000		43,762
Gildemeister AG		2,320		24,570
Heidelberger Druckmaschinen AG *		2,800		24,650
Kloeckner & Co. SE *		1,280		24,371
Krones AG		700		33,954
KUKA AG *		1,960		26,321
MTU Aero Engines Holding AG		1,260		67,845
Nordex AG *		2,040		18,238
Pfeiffer Vacuum Technology AG		420		29,335
Rheinmetall AG		460		26,230
Roth & Rau AG *		740		19,195
SGL Carbon SE *		2,380		71,303
SMA Solar Technology AG		240		24,402
Tognum AG		3,760		68,808
Vossloh AG		440		38,540
				617,212

Commercial & Professional Services 0.1%
Interseroh SE		440		24,422

Consumer Durables & Apparel 0.1%
Gerry Weber International AG		1,020		31,319
Rational AG		160		24,742
				56,061

Diversified Financials 0.1%
MLP AG		3,740		30,946

Health Care Equipment & Services 0.1%
Rhoen Klinikum AG		2,240		51,406

Materials 0.4%
Aurubis AG		1,560		72,043
Fuchs Petrolub AG		520		46,227
Symrise AG		3,600		74,781
				193,051

Media 0.1%
Axel Springer AG		340		34,405
Sky Deutschland AG *		15,960		28,597
				63,002

Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Morphosys AG *		1,240		22,172
Stada Arzneimittel AG		2,100		75,565
				97,737

Real Estate 0.3%
Alstria Office AG		2,280		19,847
Deutsche Euroshop AG		1,600		45,617
Deutsche Wohnen AG *		3,600		28,376
IVG Immobilien AG *		4,100		26,766
				120,606

Retailing 0.4%
BayWa AG		860		31,306
Douglas Holding AG		1,580		65,427
Fielmann AG		480		35,994
Praktiker Bau- und Heimwerkermaerkte Holding AG		3,920		31,807
				164,534

Semiconductors & Semiconductor Equipment 0.2%
Aixtron AG		2,940		80,105

Software & Services 0.3%
Software AG		680		66,597
United Internet AG Reg’d *		4,160		53,120
Wirecard AG		3,080		31,752
				151,469

Technology Hardware & Equipment 0.1%
Wincor Nixdorf AG		1,180		70,981

Telecommunication Services 0.1%
Freenet AG *		4,060		40,639

Utilities 0.0%
MVV Energie AG		380		14,545
				1,885,780

Greece 0.4%

Banks 0.1%
Alpha Bank A.E. ADR *		8,000		12,000
National Bank of Greece S.A. ADR *		16,840		41,258
				53,258

Food, Beverage & Tobacco 0.3%
Coca Cola Hellenic Bottling Co. S.A. ADR		6,000		131,400
				184,658

Hong Kong 3.6%

Automobiles & Components 0.1%
Minth Group Ltd.		40,000		52,505

Capital Goods 0.3%
China State Construction International Holdings Ltd.		80,000		25,996
CIMC Enric Holdings Ltd. *		50,000		24,724
Lonking Holdings Ltd.		20,000		12,381
New Times Energy Corp., Ltd. *		1,440,000		52,710
				115,811

Consumer Durables & Apparel 0.3%
Daphne International Holdings Ltd.		11,000		10,695
Ports Design Ltd.		20,000		47,984
Skyworth Digital Holdings Ltd.		40,000		31,544
Stella International Holdings Ltd.		20,000		39,815
				130,038

Consumer Services 0.4%
REXLot Holdings Ltd.		500,000		50,732

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
SJM Holdings Ltd.		160,000		110,969
				161,701

Diversified Financials 0.0%
China Daye Non-Ferrous Metals Mining Ltd. *		290,000		18,996

Food, Beverage & Tobacco 0.1%
China Green Holdings Ltd.		60,000		60,571

Health Care Equipment & Services 0.1%
Mingyuan Medicare Development Co., Ltd. *		600,000		58,567

Materials 0.8%
AMVIG Holdings Ltd.		120,000		75,367
China Grand Forestry Green Resources Group Ltd. *		1,480,000		48,472
China Mining Resources Group Ltd. *		3,040,000		81,994
Sino-Forest Corp. *		8,000		137,238
				343,071

Media 0.1%
VODone Ltd. *		80,000		24,660

Real Estate 0.3%
Champion Real Estate Investment Trust		140,000		63,833
GZI Real Estate Investment Trust		160,000		65,348
				129,181

Retailing 0.1%
Hengdeli Holdings Ltd.		80,000		33,188
Kai Yuan Holdings Ltd. *		900,000		30,054
				63,242

Software & Services 0.2%
G-Resources Group Ltd. *		780,000		46,584
Hi Sun Technology China Ltd. *		60,000		31,441
Nan Hai Corp., Ltd. *		3,000,000		25,045
				103,070

Technology Hardware & Equipment 0.3%
Digital China Holdings Ltd.		40,000		62,061
Inspur International Ltd.		300,000		24,274
Ju Teng International Holdings Ltd.		50,000		38,788
Wasion Group Holdings Ltd.		40,000		26,201
				151,324

Transportation 0.3%
Pacific Basin Shipping Ltd.		120,000		82,456
Road King Infrastructure Ltd.		60,000		45,852
				128,308

Utilities 0.2%
China Water Affairs Group Ltd.		200,000		71,668
				1,612,713

Ireland 0.9%

Capital Goods 0.4%
Charter International plc		5,240		52,655
DCC plc		3,000		69,180
Grafton Group plc		10,320		41,614
Kingspan Group plc *		6,860		60,654
				224,103

Consumer Services 0.1%
Paddy Power plc		1,200		36,402

Food, Beverage & Tobacco 0.1%
C&C Group plc		13,120		51,934

Health Care Equipment & Services 0.1%
United Drug plc		12,220		34,207

Insurance 0.1%
Irish Life & Permanent Group Holdings plc *		10,780		25,683

Materials 0.1%
Smurfit Kappa Group plc *		4,280		32,987

Media 0.0%
Independent News & Media plc *		109,920		16,266
				421,582

Israel 0.1%

Capital Goods 0.0%
FMS Enterprises Migun Ltd.		400		11,987

Energy 0.1%
Delek Drilling — LP *		6,000		14,319

Technology Hardware & Equipment 0.0%
Ituran Location and Control Ltd.		800		10,933
				37,239

Italy 1.9%

Banks 0.1%
Banca Piccolo Credito Valtellinese Scarl		7,900		38,140
Credito Emiliano S.p.A.		3,880		21,435
				59,575

Capital Goods 0.4%
C.I.R. S.p.A-Compagnie Industriali Riunite *		18,100		32,119
Danieli & C Officine Meccaniche S.p.A.		2,220		24,611
Impregilo S.p.A. *		18,220		43,610
Prysmian S.p.A.		5,940		90,975
				191,315

Consumer Durables & Apparel 0.2%
Geox S.p.A.		3,980		19,067
Indesit Co. S.p.A. *		2,480		26,576
Tod’s S.p.A.		560		35,875
				81,518

Diversified Financials 0.1%
Azimut Holding S.p.A.		4,656		40,478
Banca Generali S.p.A.		2,520		22,871
				63,349

Energy 0.1%
ERG S.p.A.		3,180		38,724

Food, Beverage & Tobacco 0.1%
Davide Campari-Milano S.p.A.		12,080		60,889

Health Care Equipment & Services 0.1%
DiaSorin S.p.A.		880		32,740

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Insurance 0.2%
Milano Assicurazioni S.p.A.		13,260		23,988
Societa Cattolica di Assicurazioni S.c.r.l.		2,240		56,046
				80,034

Materials 0.1%
Italmobiliare S.p.A.		1,200		24,268

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Recordati S.p.A.		4,620		32,987

Software & Services 0.0%
Tiscali S.p.A. *		134,040		19,025

Transportation 0.1%
Ansaldo STS S.p.A.		2,360		35,912

Utilities 0.3%
ACEA S.p.A. *		3,380		32,782
Hera S.p.A.		23,580		44,518
Iride S.p.A.		24,600		43,137
				120,437
				840,773

Japan 14.0%

Automobiles & Components 0.4%
Nissin Kogyo Co., Ltd.		6,000		94,348
TS Tech Co., Ltd.		4,000		68,968
				163,316

Banks 0.9%
Kiyo Holdings, Inc.		60,000		75,874
The Bank of Iwate Ltd.		2,000		104,244
The Chiba Kogyo Bank Ltd. *		8,000		57,005
The Fukui Bank Ltd.		20,000		58,720
The Oita Bank Ltd.		20,000		64,878
The Yachiyo Bank Ltd.		2,000		40,796
				401,517

Capital Goods 3.9%
Aica Kogyo Co., Ltd.		6,000		63,141
Central Glass Co., Ltd.		20,000		80,493
Chudenko Corp.		4,000		45,920
Daifuku Co., Ltd.		10,000		67,957
Furukawa Co., Ltd.		40,000		43,545
Futaba Corp.		4,000		68,881
Hanwa Co., Ltd.		20,000		78,293
Hitachi Zosen Corp. *		40,000		50,143
Hoshizaki Electric Co., Ltd.		2,000		31,449
Inaba Denki Sangyo Co., Ltd.		2,000		47,394
Iseki & Co., Ltd. *		20,000		52,562
Iwatani Corp.		20,000		55,421
Komori Corp.		6,000		62,613
Kyowa Exeo Corp.		6,000		47,372
Meidensha Corp.		20,000		80,933
Nachi-Fujikoshi Corp.		20,000		53,882
Nichias Corp. *		20,000		82,252
Noritake Co., Ltd.		20,000		61,359
Noritz Corp.		4,000		68,485
Oiles Corp.		4,000		58,500
Okumura Corp.		20,000		69,276
OSG Corp.		6,000		62,613
Sanwa Holdings Corp.		20,000		61,139
SHO-BOND Holdings Co., Ltd.		2,000		39,960
Sintokogio Ltd.		8,000		58,940
Taikisha Ltd.		4,000		54,937
Toyo Tanso Co., Ltd.		2,000		90,829
Tsubakimoto Chain Co.		20,000		87,310
				1,725,599

Commercial & Professional Services 0.5%
Daiseki Co., Ltd.		2,000		40,444
Duskin Co., Ltd.		4,000		68,089
Mitsubishi Pencil Co., Ltd.		4,000		55,553
Park24 Co., Ltd.		6,000		61,425
				225,511

Consumer Durables & Apparel 0.9%
Foster Electric Co., Ltd.		2,000		52,694
Japan Wool Textile Co., Ltd.		20,000		134,594
Mizuno Corp.		20,000		85,991
Pioneer Corp. *		16,000		58,940
Sangetsu Co., Ltd.		2,000		41,280
Tomy Co., Ltd.		6,000		44,535
				418,034

Consumer Services 0.5%
Accordia Golf Co., Ltd.		60		59,314
Doutor Nichires Holdings Co., Ltd.		6,000		85,441
Saizeriya Co., Ltd.		4,000		76,314
				221,069

Diversified Financials 0.6%
Fuyo General Lease Co., Ltd.		2,000		51,858
IBJ Leasing Co., Ltd.		2,000		35,078
Ichiyoshi Securities Co., Ltd.		10,000		64,658
Japan Securities Finance Co., Ltd.		8,000		51,023
Tokai Tokyo Financial Holdings, Inc.		20,000		71,256
				273,873

Food, Beverage & Tobacco 0.6%
Fuji Oil Co., Ltd.		4,000		53,178
Hokuto Corp.		2,000		37,783
Megmilk Snow Brand Co., Ltd. *		6,000		101,936
Morinaga Milk Industry Co., Ltd.		20,000		76,094
				268,991

Health Care Equipment & Services 0.1%
Toho Holdings Co., Ltd.		4,000		61,447

Household & Personal Products 0.3%
Aderans Holdings Co., Ltd. *		4,000		43,765
Fancl Corp.		2,000		27,139
Mandom Corp.		2,000		53,794
				124,698

Materials 2.4%
Adeka Corp.		6,000		55,553
Earth Chemical Co., Ltd.		2,000		57,335
FP Corp.		2,000		97,427
Fujimi, Inc.		2,000		28,040
Kureha Corp.		20,000		99,626
Nifco, Inc.		2,000		41,566
Nippon Light Metal Co., Ltd. *		60,000		83,791
Nippon Soda Co., Ltd.		20,000		70,816
NOF Corp.		20,000		77,634
Sakai Chemical Industry Co., Ltd.		20,000		81,152
Sanyo Special Steel Co., Ltd.		20,000		92,589
Toagosei Co., Ltd.		20,000		85,331

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Tokyo Ohka Kogyo Co., Ltd.		4,000		71,564
Toyo Ink Manufacturing Co., Ltd.		20,000		73,455
Yodogawa Steel Works Ltd.		20,000		75,214
				1,091,093

Pharmaceuticals, Biotechnology & Life Sciences 0.4%
ASKA Pharmaceutical Co., Ltd.		20,000		138,113
Nichi-iko Pharmaceutical Co., Ltd.		2,000		68,507
				206,620

Real Estate 0.1%
Hulic Co., Ltd.		6,000		44,535

Retailing 0.5%
EDION Corp.		8,000		68,793
K’s Holdings Corp.		2,200		51,335
Tsutsumi Jewelry Co., Ltd.		4,000		87,178
				207,306

Semiconductors & Semiconductor Equipment 0.2%
Sanken Electric Co., Ltd.		20,000		78,293

Software & Services 0.4%
eAccess Ltd.		80		55,333
Fuji Soft, Inc.		4,000		71,036
Net One Systems Co., Ltd.		40		51,243
				177,612

Technology Hardware & Equipment 0.7%
HORIBA Ltd.		2,000		55,245
Hosiden Corp.		6,000		66,967
Nichicon Corp.		6,000		68,287
Ryosan Co., Ltd.		2,000		49,132
Ryoyo Electro Corp.		6,000		58,654
				298,285

Transportation 0.6%
Hitachi Transport System, Ltd.		4,000		56,125
Japan Airport Terminal Co., Ltd.		4,000		55,333
Sankyu, Inc.		20,000		84,451
The Sumitomo Warehouse Co., Ltd.		20,000		89,510
				285,419
				6,273,218

Liechtenstein 0.1%

Banks 0.1%
Liechtensteinische Landesbank AG		440		29,804

Luxembourg 0.1%

Commercial & Professional Services 0.1%
Regus plc		28,920		37,026

Real Estate 0.0%
GAGFAH S.A.		3,360		23,120
				60,146

Netherlands 2.3%

Capital Goods 0.6%
Aalberts Industries N.V.		4,060		50,466
Arcadis N.V.		1,880		32,967
Heijmans N.V. *		980		14,466
Imtech N.V.		2,560		68,157
Koninklijke BAM Groep N.V.		4,400		28,914
Koninklijke Boskalis Westminster N.V.		1,740		65,915
				260,885

Commercial & Professional Services 0.1%
USG People N.V. *		2,560		35,878

Consumer Durables & Apparel 0.1%
Koninklijke Ten Cate N.V.		1,400		32,137
TomTom N.V. *		2,800		18,058
				50,195

Diversified Financials 0.1%
BinckBank N.V.		2,580		31,803
SNS REAAL N.V. *		6,360		31,685
				63,488

Food & Staples Retailing 0.1%
Sligro Food Group N.V.		1,240		36,989

Food, Beverage & Tobacco 0.3%
CSM		2,520		75,373
Nutreco Holding N.V.		1,380		75,081
				150,454

Health Care Equipment & Services 0.1%
Mediq N.V.		2,460		43,319

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Crucell N.V. *		3,000		53,328

Real Estate 0.4%
Eurocommercial Properties N.V.		1,580		49,927
Nieuwe Steen Investments Funds N.V.		2,020		36,617
VastNed Retail N.V.		800		39,042
Wereldhave N.V.		780		56,769
				182,355

Semiconductors & Semiconductor Equipment 0.1%
ASM International N.V. *		1,340		27,430

Software & Services 0.1%
Exact Holding		1,420		31,292
Unit 4 Agresso N.V.		1,500		33,665
				64,957

Technology Hardware & Equipment 0.1%
TKH Group N.V.		1,780		33,364

Transportation 0.1%
Koninklijke Vopak N.V.		640		24,517
				1,027,159

New Zealand 0.4%

Consumer Durables & Apparel 0.1%
Fisher & Paykel Appliances Holdings Ltd. *		80,040		29,860

Energy 0.0%
New Zealand Oil & Gas Ltd.		19,800		18,937

Insurance 0.1%
TOWER Ltd.		21,780		27,922

Real Estate 0.0%
Goodman Property Trust		40,980		25,573

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Transportation 0.1%
Mainfreight Ltd.		8,120		34,148

Utilities 0.1%
Infratil Ltd.		28,740		31,581
				168,021

Norway 1.6%

Banks 0.1%
SpareBank 1 SMN		4,000		27,647
Sparebank 1 SR Bank		4,000		29,626
				57,273

Capital Goods 0.1%
Veidekke A.S.A. *		4,000		25,667

Commercial & Professional Services 0.1%
Tomra Systems A.S.A.		10,000		40,975

Diversified Financials 0.0%
ABG Sundal Collier Holding A.S.A. *		20,000		19,792

Energy 0.8%
Aker A.S.A., Class A		2,000		40,666
Det Norske Oljeselskap A.S.A. *		4,000		17,194
DNO International A.S.A. *		40,000		48,614
Fred Olsen Energy A.S.A.		1,000		29,471
Frontline Ltd.		2,000		66,427
Golar LNG Ltd. *		2,000		22,652
Norwegian Energy Co. *		10,000		21,261
Petroleum Geo-Services A.S.A. *		6,000		61,138
Sevan Marine A.S.A. *		20,000		22,019
Songa Offshore SE *		8,000		28,302
TGS Nopec Geophysical Co. A.S.A. *		2,774		38,046
				395,790

Food, Beverage & Tobacco 0.2%
Cermaq A.S.A. *		4,000		36,491
Marine Harvest A.S.A. *		80,000		64,695
				101,186

Media 0.1%
Schibsted A.S.A.		2,000		39,955

Real Estate 0.1%
Norwegian Property A.S.A. *		20,000		30,152

Software & Services 0.1%
Atea A.S.A.		4,000		27,585
				738,375

Peru 0.1%

Materials 0.1%
Hochschild Mining plc		5,960		25,050

Portugal 0.4%

Capital Goods 0.2%
Mota-Engil, SGPS, S.A.		9,440		25,075
Sonae		48,960		45,221
Teixeira Duarte — Engenharia Construcoes S.A. *		33,140		34,328
				104,624

Materials 0.1%
Portucel-Empresa Produtora de Pasta e Papel S.A.		13,040		32,032
Semapa-Sociedade de Investimento e Gestao, SGPS, S.A.		3,140		28,692
				60,724

Utilities 0.1%
Redes Energeticas Nacionais S.A.		6,880		22,279
				187,627

Republic of Korea 2.7%

Banks 0.7%
KB Financial Group, Inc. ADR		4,000		159,920
Shinhan Financial Group Co., Ltd. ADR		2,000		140,220
				300,140

Materials 0.4%
POSCO ADR		2,000		192,740

Semiconductors & Semiconductor Equipment 0.1%
Samsung Electronics Co., Ltd. GDR Reg’d		180		58,725

Technology Hardware & Equipment 0.6%
LG Display Co., Ltd. ADR		14,000		250,460

Telecommunication Services 0.4%
KT Corp. ADR		4,000		74,440
SK Telecom Co., Ltd. ADR		6,000		93,300
				167,740

Utilities 0.5%
Korea Electric Power Corp. ADR *		16,000		215,680
				1,185,485

Singapore 1.4%

Consumer Services 0.1%
Raffles Education Corp., Ltd.		220,000		51,743

Energy 0.2%
Ezra Holdings Ltd.		40,000		48,749
Straits Asia Resources Ltd.		40,000		51,315
				100,064

Food, Beverage & Tobacco 0.1%
Indofood Agri Resources Ltd. *		40,000		57,302

Materials 0.1%
OM Holdings Ltd.		30,480		44,700

Real Estate 0.5%
CDL Hospitality Trusts		40,000		50,174
Ho Bee Investment Ltd.		40,000		40,197
Mapletree Logistics Trust		100,000		56,304
Suntec Real Estate Investment Trust		100,000		89,801
				236,476

Retailing 0.1%
Oceanus Group Ltd. *		100,000		22,450

Transportation 0.2%
Singapore Airport Terminal Services Ltd.		40,000		76,402

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Utilities 0.1%
Hyflux Ltd.		20,000		40,197
				629,334

South Africa 0.2%

Materials 0.2%
Aquarius Platinum Ltd.		16,600		90,340
Great Basin Gold Ltd. *		12,000		19,742
				110,082
				110,082

Spain 1.7%

Banks 0.1%
Banco Pastor S.A.		5,080		23,053

Capital Goods 0.3%
Abengoa S.A.		1,600		29,102
Construcciones y Auxiliar de Ferrocarriles S.A.		120		50,535
Obrascon Huarte Lain S.A.		2,680		67,617
				147,254

Commercial & Professional Services 0.1%
Prosegur, Compania de Seguridad S.A.		1,080		47,079

Consumer Services 0.1%
NH Hoteles S.A. *		9,680		32,230
Sol Melia S.A.		3,460		24,149
				56,379

Diversified Financials 0.1%
Bolsas y Mercados Espanoles S.A.		2,740		61,326

Energy 0.1%
Tecnicas Reunidas S.A.		600		29,377

Food, Beverage & Tobacco 0.3%
Ebro Puleva S.A.		4,080		70,563
Viscofan S.A.		2,180		57,422
				127,985

Insurance 0.1%
Grupo Catalana Occidente S.A.		2,220		34,302

Materials 0.1%
Grupo Empresarial Ence S.A. *		7,840		23,735
Tubacex S.A.		7,420		22,417
				46,152

Media 0.0%
Antena 3 de Television S.A.		3,180		19,921

Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Almirall S.A.		2,020		17,312
Faes Farma S.A.		349		1,175
Faes Farma S.A.		7,620		26,404
Zeltia S.A. *		8,600		34,467
				79,358

Transportation 0.2%
Iberia Lineas Aereas de Espana S.A. *		23,900		67,020
				739,206

Sweden 3.9%

Capital Goods 0.6%
Cardo AB		1,120		30,051
Hexagon AB, B Shares		5,340		67,044
Lindab International AB *		3,380		36,189
NCC AB, B Shares		2,460		37,000
Peab AB		7,160		35,502
Trelleborg AB, B Shares *		8,260		49,484
				255,270

Commercial & Professional Services 0.2%
Intrum Justitia AB		2,440		24,181
Loomis AB, B Shares		3,700		34,546
Niscayah Group AB		17,820		29,301
				88,028

Consumer Durables & Apparel 0.2%
Husqvarna AB, A Shares		6,800		42,471
JM AB		2,080		29,362
				71,833

Consumer Services 0.2%
Betsson AB *		2,080		28,302
Rezidor Hotel Group AB *		8,140		34,758
SkiStar AB		1,660		25,285
				88,345

Diversified Financials 0.7%
Avanza Bank Holding AB		1,480		40,653
Investment AB Oresund		2,100		30,515
Kinnevik Investment AB, B Shares		6,540		102,742
L.E. Lundbergforetagen AB, B Shares		760		34,051
Ratos AB, B Shares		3,760		94,654
				302,615

Energy 0.1%
Lundin Petroleum AB *		8,580		39,469

Food & Staples Retailing 0.2%
Axfood AB		1,540		39,553
Hakon Invest AB		3,300		47,741
				87,294

Food, Beverage & Tobacco 0.1%
AarhusKarlshamn AB		1,780		31,991

Health Care Equipment & Services 0.4%
Elekta AB, B Shares		1,980		47,826
Getinge AB, B Shares		7,080		139,878
				187,704

Materials 0.1%
Billerud AB		4,040		25,026
Hoganas AB, B Shares		1,500		39,482
				64,508

Media 0.2%
Eniro AB *		8,460		17,469
Modern Times Group, B Shares		1,860		97,441
				114,910

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Meda AB, A Shares		7,920		60,570

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Real Estate 0.5%
Castellum AB		6,040		51,774
Fabege AB		7,100		39,186
Hufvudstaden AB, A Shares		4,240		29,860
Kungsleden AB		6,140		35,609
Wallenstam AB, B Shares		1,920		32,060
Wihlborgs Fastigheter AB		1,980		34,891
				223,380

Retailing 0.1%
Clas Ohlson AB, B Shares		1,340		20,453
Mekonomen AB		1,480		29,240
				49,693

Technology Hardware & Equipment 0.1%
Axis Communications AB		2,460		34,962

Transportation 0.1%
SAS AB *		246,100		26,350
				1,726,922

Switzerland 4.9%

Automobiles & Components 0.1%
Rieter Holding AG Reg’d *		180		43,388

Banks 0.5%
Banque Cantonale Vaudoise Reg’d		100		38,814
Basler Kantonalbank		360		42,704
St Galler Kantonalbank AG Reg’d		80		32,692
Valiant Holding AG Reg’d		580		101,874
				216,084

Capital Goods 1.1%
Belimo Holding AG Reg’d		40		43,993
Bobst Group AG Reg’d *		900		30,947
Bucher Industries AG Reg’d		460		49,837
Georg Fischer AG Reg’d *		180		55,480
Huber & Suhner AG Reg’d		900		35,613
Implenia AG Reg’d *		1,300		32,515
Kaba Holding AG B Shares Reg’d		200		51,838
Meyer Burger Technology AG *		800		17,660
Schweiter Technologies AG		80		37,669
Sulzer AG Reg’d		1,080		90,323
Von Roll Holding AG		4,560		24,308
				470,183

Consumer Durables & Apparel 0.3%
Forbo Holding AG Reg’d *		120		44,892
Metall Zug AG, B Shares Reg’d		20		48,037
Schulthess Group Reg’d		560		19,522
				112,451

Consumer Services 0.1%
Kuoni Reisen Holding AG Reg’d		100		28,813
Orascom Development Holding AG *		440		22,809
				51,622

Diversified Financials 0.2%
Bank Sarasin & Cie AG, B Shares Reg’d		1,440		50,635
Partners Group Holding AG		180		20,746
Vontobel Holding AG Reg’d		1,320		32,788
				104,169

Energy 0.1%
Petroplus Holdings AG *		2,180		31,472

Food, Beverage & Tobacco 0.3%
Aryzta AG		2,800		91,684
Barry Callebaut AG Reg’d *		80		47,933
				139,617

Health Care Equipment & Services 0.1%
Galenica AG Reg’d		180		62,517

Insurance 0.1%
Helvetia Holding AG Reg’d		220		58,923

Materials 0.5%
Clariant AG Reg’d *		7,420		86,864
Ems-Chemie Holding AG Reg’d		540		64,850
Ferrexpo plc		8,960		34,589
Sika AG		20		31,103
				217,406

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Acino Holding AG Reg’d		200		20,735
Tecan Group AG Reg’d		420		24,675
				45,410

Real Estate 0.6%
Allreal Holding AG Reg’d		340		34,515
Intershop Holdings AG		120		30,325
Mobimo Holding AG Reg’d *		260		40,434
PSP Swiss Property AG Reg’d *		1,700		92,531
Swiss Prime Site AG Reg’d *		1,440		78,504
				276,309

Retailing 0.2%
Dufry Group Reg’d *		580		39,712
Valora Holding AG Reg’d		200		45,575
				85,287

Software & Services 0.1%
Temenos Group AG Reg’d *		1,760		41,436

Technology Hardware & Equipment 0.3%
Ascom Holding AG Reg’d *		2,720		25,145
Kudelski S.A.		1,840		45,783
Logitech International S.A. Reg’d *		5,940		84,318
				155,246

Transportation 0.2%
Flughafen Zuerich AG Reg’d		100		28,749
Panalpina Welttransport Holding AG Reg’d *		640		47,995
				76,744
				2,188,264

United Kingdom 16.8%

Automobiles & Components 0.2%
GKN plc *		54,160		97,257

Banks 0.1%
Paragon Group of Cos. plc		13,760		27,037

Capital Goods 2.6%
Ashtead Group plc		23,960		36,686
Balfour Beatty plc		21,140		77,422

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Bodycote plc		11,680		33,842
Carillion plc		14,160		64,798
Chemring Group plc		1,160		53,167
Chloride Group plc		12,920		52,025
Cookson Group plc *		9,940		68,237
Fenner plc		8,620		24,627
IMI plc		9,400		89,021
Keller Group plc		3,420		29,768
Kier Group plc		1,960		29,954
Meggitt plc		22,240		96,210
Melrose plc		17,500		55,994
Morgan Crucible Co. plc		13,120		34,145
Qinetiq Group plc		24,580		46,023
Senior plc		22,560		38,783
SIG plc *		24,000		41,155
Speedy Hire plc		36,520		15,313
Spirax-Sarco Engineering plc		2,540		52,479
The Weir Group plc		6,320		84,890
Travis Perkins plc *		7,020		80,235
Ultra Electronics Holdings plc		2,300		52,243
				1,157,017

Commercial & Professional Services 2.1%
Aggreko plc		8,220		150,225
Babcock International Group plc		8,140		67,496
Connaught plc		6,740		31,077
De La Rue plc		3,620		46,635
Homeserve plc		2,160		65,927
Intertek Group plc		4,840		99,510
ITE Group plc		13,000		26,747
Michael Page International plc		11,640		62,421
Mitie Group plc		14,080		46,558
Mouchel Group plc		7,000		18,218
RPS Group plc		10,600		29,456
Serco Group plc		14,700		129,862
The Davis Service Group plc		7,180		40,383
VT Group plc		6,340		68,017
WS Atkins plc		4,620		44,554
				927,086

Consumer Durables & Apparel 0.8%
Barratt Developments plc *		35,040		54,716
Bellway plc		4,500		45,056
Bovis Homes Group plc *		6,040		33,692
Pace plc		11,200		25,602
Persimmon plc *		10,520		62,058
Redrow plc *		14,780		27,353
Taylor Wimpey plc *		114,640		56,737
The Berkeley Group Holdings plc *		4,840		56,053
				361,267

Consumer Services 0.9%
Dignity plc		2,820		25,524
Domino’s Pizza UK & IRL plc		4,900		25,051
Enterprise Inns plc *		22,180		36,527
Greene King plc		8,040		46,092
J.D. Wetherspoon plc		5,360		33,378
Marston’s plc		26,140		35,716
Millennium & Copthorne Hotels plc		6,540		39,109
Mitchells & Butlers plc *		14,220		65,175
Punch Taverns plc *		29,000		29,875
Rank Group plc		20,280		34,424
Restaurant Group plc		8,240		25,567
				396,438

Diversified Financials 1.4%
Aberdeen Asset Management plc		33,400		68,091
Ashmore Group plc		7,920		28,788
BlueBay Asset Management plc		5,220		24,280
Close Brothers Group plc		4,640		48,035
F&C Asset Management plc		27,520		22,939
Henderson Group plc		21,600		42,286
IG Group Holdings plc		11,840		65,069
Intermediate Capital Group plc		15,120		56,861
International Personal Finance		10,680		33,972
Investec plc		15,440		109,409
London Stock Exchange Group plc		6,100		56,622
Rathbone Brothers		2,520		30,241
Tullett Prebon plc		8,000		37,280
				623,873

Energy 1.2%
Acergy S.A.		4,000		61,107
Dana Petroleum plc *		3,340		50,754
Heritage Oil plc *		5,720		36,033
Hunting plc		5,500		39,920
JKX Oil & Gas plc		6,800		23,036
John Wood Group plc		12,420		59,960
Premier Oil plc *		3,900		65,748
Salamander Energy plc *		7,360		24,316
SOCO International plc *		2,640		61,073
Subsea 7, Inc. *		4,000		63,458
Wellstream Holdings plc		4,700		36,798
				522,203

Food, Beverage & Tobacco 0.2%
Britvic plc		7,360		48,972
Dairy Crest Group plc		5,760		31,305
Premier Foods plc *		100,060		32,884
				113,161

Health Care Equipment & Services 0.1%
SSL International plc		5,520		64,487

Household & Personal Products 0.1%
McBride plc		7,260		19,577
PZ Cussons plc		7,060		29,520
				49,097

Insurance 0.9%
Amlin plc		15,960		86,488
Beazley plc		24,580		40,230
Brit Insurance Holdings N.V.		3,502		38,203
Catlin Group Ltd.		11,840		55,893
Hiscox Ltd.		12,260		59,932
Jardine Lloyd Thompson Group plc		4,980		39,926
Lancashire Holdings Ltd.		6,540		45,048
St James’s Place plc		6,020		21,603
				387,323

Materials 0.7%
Croda International plc		3,640		50,129
DS Smith plc		17,480		29,317
Filtrona plc		11,280		32,129
Mondi plc		12,700		76,846
Petropavlovsk plc		6,040		104,970
Victrex plc		3,000		45,718
				339,109

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Media 0.5%
Informa plc		19,640		107,339
Rightmove plc		4,100		41,348
Trinity Mirror plc *		12,040		17,373
Yell Group plc *		96,640		47,088
				213,148

Pharmaceuticals, Biotechnology & Life Sciences 0.2%
BTG plc *		11,060		28,144
Genus plc		2,840		28,785
Hikma Pharmaceuticals plc		4,480		43,593
				100,522

Real Estate 0.7%
Atrium European Real Estate Ltd.		7,300		36,008
Big Yellow Group plc *		6,120		27,546
Derwent London plc		2,760		53,314
Grainger plc		12,980		22,652
Great Portland Estates plc		10,780		47,959
Helical Bar plc		5,220		21,985
Savills plc		5,880		26,321
Shaftesbury plc		7,400		40,004
Unite Group plc *		6,980		19,377
				295,166

Retailing 1.0%
Carpetright plc		1,900		19,752
Debenhams plc *		47,360		40,503
DSG International plc *		131,880		50,568
Galiform plc *		26,440		27,314
Game Group plc		18,140		24,090
Halfords Group plc		7,580		53,790
HMV Group plc		23,100		19,806
Inchcape plc *		16,716		69,872
Kesa Electricals plc		22,540		35,066
Mothercare plc		3,740		28,416
N Brown Group plc		9,740		35,488
WH Smith plc		6,260		40,494
				445,159

Semiconductors & Semiconductor Equipment 0.4%
ARM Holdings plc		41,520		147,798
CSR plc *		5,580		31,949
				179,747

Software & Services 0.7%
Aveva Group plc		2,620		44,435
Dimension Data Holdings plc		53,960		79,344
Fidessa Group plc		1,660		30,890
Micro Focus International plc		7,160		49,256
Misys plc *		17,720		57,672
Telecity Group plc *		6,020		33,336
Xchanging plc		11,080		28,996
				323,929

Technology Hardware & Equipment 0.7%
Electrocomponents plc		16,740		51,723
Halma plc		13,360		48,021
Laird plc		13,940		24,146
Premier Farnell plc		14,980		47,389
Rotork plc		2,920		57,798
Spectris plc		4,400		52,293
Spirent Communications plc		21,620		33,885
				315,255

Transportation 1.0%
Arriva plc		6,820		75,286
BBA Aviation plc		11,460		31,002
easyJet plc *		9,840		57,051
FirstGroup plc		15,200		82,809
Forth Ports plc		1,800		28,940
Go-Ahead Group plc		1,600		29,634
National Express Group plc		19,040		63,592
Stagecoach Group plc		23,480		62,499
				430,813

Utilities 0.3%
Northumbrian Water Group plc		11,480		46,060
Pennon Group plc		9,700		73,630
				119,690
				7,488,784

United States 0.6%

Health Care Equipment & Services 0.3%
SXC Health Solutions Corp. *		2,000		148,916

Materials 0.3%
Gerdau Ameristeel Corp. *		6,000		44,618
Golden Star Resources Ltd. *		8,000		33,777
Jaguar Mining, Inc. *		4,000		36,287
				114,682
				263,598

Total Common Stock (Cost $47,925,847)				44,066,627


Other Investment Companies 0.7% of net assets

Guernsey 0.0%

FCPT Ltd.		14,280		19,625

Luxembourg 0.1%

ProLogis European Properties *		6,780		33,861

Switzerland 0.2%

BB Biotech AG Reg’d		780		41,006
Schroder ImmoPLUS		60		51,579
				92,585

United States 0.4%
State Street Institutional Liquid Reserves Fund — Institutional Class		182,297		182,297
Total Other Investment Companies (Cost $355,397)				328,368


Preferred Stock 0.3% of net assets

Germany 0.3%

Consumer Durables & Apparel 0.1%
Hugo Boss AG *		760		29,447

Materials 0.1%
Fuchs Petrolub AG		340		30,250

Schwab International Small Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	•		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. The fund does not adjust the quoted price for such investments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price.

	•		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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

	•		Level 3—significant unobservable inputs (including the funds’ 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.


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	44,066,627	$	—	$	—	$	44,066,627
Other Investment Companies(a)		328,368		—		—		328,368
Preferred Stock(a)		105,903						105,903
Warrants(a)		1,006		—		—		1,006

Total	$	44,501,904	$	—	$	—	$	44,501,904


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

REG56691MAY10

Schwab Strategic Trust
Schwab Emerging Markets Equity ETF^TM

Portfolio Holdings as of May 31, 2010, (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual shareholder reports.

Cost

Value

Holdings by Category

($)

91.7

Common Stock

95,184,915

89,945,433

7.5

Preferred Stock

8,338,666

7,341,447

0.3

Other Investment Company

283,274

99.5

Total Investments

103,806,855

97,570,154

0.5

Other Assets and Liabilities, Net

475,373

100.0

Net Assets

98,045,527


	Number		Value
Security	of Shares		($)
Common Stock 93.6% of net assets

Brazil 10.0%

Banks 1.5%
Banco Bradesco S.A. ADR		55,900		913,406
Banco do Brasil S.A.		25,800		366,107
Banco Santander Brasil S.A. ADR		17,200		179,224
				1,458,737

Capital Goods 0.3%
Empresa Brasileira de Aeronautica S.A. ADR *		6,450		140,481
Weg S.A.		12,900		120,197
				260,678

Consumer Durables & Apparel 0.1%
Cyrela Brazil Realty S.A.		8,600		92,623

Diversified Financials 0.4%
BM&F BOVESPA S.A.		55,900		372,258

Energy 1.9%
OGX Petroleo e Gas Participacoes S.A. *		21,500		189,252
Petroleo Brasileiro S.A. ADR		40,850		1,455,077
Ultrapar Participacoes S.A. ADR		4,300		191,393
				1,835,722

Food, Beverage & Tobacco 0.6%
BRF — Brasil Foods S.A. ADR *		25,800		334,626
Companhia de Bebidas das Americas ADR		860		70,950
Cosan S.A. Industria e Comercio *		4,300		48,857
Souza Cruz S.A.		4,300		157,788
				612,221

Household & Personal Products 0.4%
Hypermarcas S.A. *		4,300		58,190
Natura Cosmeticos S.A.		17,200		355,407
				413,597

Materials 2.6%
Braskem S.A. ADR *		4,300		50,482
Companhia Siderurgica Nacional S.A. ADR		35,000		527,800
Gerdau S.A. *		4,300		42,588
Gerdau S.A. ADR *		25,800		347,268
Usinas Siderurgicas de Minas Gerais S.A.		4,300		103,228
Vale S.A. ADR *		55,900		1,519,921
				2,591,287

Media 0.1%
NET Servicos de Comunicacao S.A. ADR *		8,600		87,892

Software & Services 0.4%
Cielo S.A.		17,200		144,897
Redecard S.A.		17,200		253,781
				398,678

Telecommunication Services 0.6%
Brasil Telecom S.A. ADR *		3,010		54,993
Tele Norte Leste Participacoes S.A.		4,300		80,131
Tele Norte Leste Participacoes S.A. ADR		8,600		132,870
Tim Participacoes S.A. *		12,900		50,766
Tim Participacoes S.A. ADR		5,160		139,165
Vivo Participacoes S.A. ADR		4,300		117,476
				575,401

Transportation 0.4%
All America Latina Logistica S.A.		21,500		173,226
Companhia de Concessoes Rodoviarias		12,900		262,666
				435,892

Utilities 0.7%
Centrais Eletricas Brasileiras S.A. ADR		2,365		29,515
Companhia de Saneamento Basico do Estado de Sao Paulo ADR *		1,720		65,051
Companhia Energetica de Minas Gerais ADR		14,190		203,910
Companhia Paranaense de Energia ADR		4,300		79,765
CPFL Energia S.A. ADR		1,419		85,651
EDP — Energias do Brasil S.A.		4,300		76,596
Light S.A.		4,300		48,550
Tractebel Energia S.A.		8,600		95,875
				684,913
				9,819,899

Chile 1.6%

Banks 0.2%
Banco de Chile ADR		1,320		76,718
Banco Santander Chile ADR		1,320		81,933
Corpbanca S.A.		5,424,622		47,218
				205,869

Capital Goods 0.3%
Empresas Copec S.A.		15,996		252,103

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Food & Staples Retailing 0.1%
Cencosud S.A.		21,500		90,745

Materials 0.3%
Cap S.A.		4,128		125,789
Sociedad Quimica y Minera de Chile S.A. ADR		4,300		144,265
				270,054

Retailing 0.2%
S.A.C.I. Falabella S.A.		31,089		195,943

Telecommunication Services 0.0%
Empresa Nacional de Telecomunicaciones S.A.		3,010		39,480

Transportation 0.1%
Lan Airlines S.A. ADR		4,300		79,980

Utilities 0.4%
Colbun S.A.		324,736		78,057
Empresa Nacional de Electricidad S.A. ADR		4,628		206,964
Enersis S.A. ADR		8,600		162,110
				447,131
				1,581,305

China 12.4%

Automobiles & Components 0.2%
Dongfeng Motor Group Co., Ltd., H Shares		86,000		101,619
Great Wall Motor Co., Ltd., H Shares		21,500		35,346
				136,965

Banks 4.6%
Bank of China Ltd., H Shares		1,892,000		945,277
Bank of Communications Co., Ltd., H Shares		301,000		317,780
China CITIC Bank Corp., Ltd., H Shares		387,000		230,631
China Construction Bank Corp., H Shares		1,677,000		1,350,483
China Merchants Bank Co., Ltd., H Shares		150,520		360,740
China Minsheng Banking Corp., Ltd., H Shares *		150,500		152,705
Industrial & Commercial Bank of China Ltd., H Shares		1,591,000		1,177,012
				4,534,628

Capital Goods 0.7%
China Communications Construction Co., Ltd., H Shares		172,000		146,685
China International Marine Containers (Group) Co., Ltd., B Shares		73,100		84,311
China National Materials Co., Ltd., H Shares		86,000		49,594
China Railway Construction Corp., Ltd., H Shares		107,500		124,262
China Railway Group Ltd., H Shares *		172,000		114,874
China South Locomotive & Rolling Stock Corp., Ltd., H Shares		86,000		58,762
Metallurgical Corp. of China Ltd., H Shares *		129,000		61,634
Shanghai Zhenhua Heavy Industry Co., Ltd., B Shares		98,900		46,285
				686,407

Energy 2.3%
China Coal Energy Co., H Shares		129,000		176,618
China Oilfield Services Ltd., H Shares		86,000		107,584
China Petroleum & Chemical Corp., H Shares		688,000		549,626
China Shenhua Energy Co., Ltd., H Shares		64,500		258,051
Inner Mongolia Yitai Coal Co., Ltd., B Shares		34,400		149,640
PetroChina Co., Ltd., H Shares		774,000		843,990
Yanzhou Coal Mining Co., Ltd., H Shares		86,000		202,133
				2,287,642

Health Care Equipment & Services 0.1%
Sinopharm Medicine Holdings Co., Ltd., H Shares *		34,400		136,302

Insurance 2.0%
China Life Insurance Co., Ltd., H Shares		258,000		1,134,929
China Pacific Insurance (Group) Co., Ltd., H Shares *		34,400		133,209
PICC Property & Casualty Co., Ltd., H Shares *		172,000		159,056
Ping An Insurance (Group) Co., of China Ltd., H Shares		64,500		529,357
				1,956,551

Materials 0.8%
Aluminum Corp. of China Ltd., H Shares *		172,000		147,789
Angang Steel Co., Ltd., H Shares		86,000		125,256
China Bluechemical Ltd., H Shares		172,000		105,375
China National Building Material Co., Ltd., H Shares		86,000		137,848
Jiangxi Copper Co., Ltd., H Shares		43,000		86,376
Maanshan Iron & Steel Co., Ltd., H Shares *		86,000		42,084
Zijin Mining Group Co., Ltd., H Shares		172,000		127,686
				772,414

Real Estate 0.3%
China Vanke Co., Ltd., B Shares		90,300		90,347
Guangzhou R&F Properties Co., Ltd., H Shares		34,400		44,624
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd., B Shares		43,000		59,813
Sino-Ocean Land Holdings Ltd.		150,500		112,112
				306,896

Technology Hardware & Equipment 0.3%
BYD Co., Ltd., H Shares *		21,500		176,591
ZTE Corp., H Shares		25,800		85,658
				262,249

Telecommunication Services 0.3%
China Telecom Corp., Ltd., H Shares		688,000		318,995

Transportation 0.6%
Air China Ltd., H Shares *		172,000		174,299

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
China COSCO Holdings Co., Ltd., H Shares		107,500		120,396
China Shipping Container Lines Co., Ltd., H Shares *		215,000		75,662
China Shipping Development Co., Ltd., H Shares		86,000		117,745
Zhejiang Expressway Co., Ltd., H Shares		86,000		78,865
				566,967

Utilities 0.2%
China Longyuan Power Group Corp., H Shares *		86,000		82,842
Datang International Power Generation Co., Ltd., H Shares		258,000		104,049
				186,891
				12,152,907

Colombia 0.8%

Banks 0.4%
Bancolombia S.A. ADR		8,127		388,633

Energy 0.4%
Ecopetrol S.A. ADR		16,426		449,415
				838,048

Czech Republic 0.6%

Banks 0.1%
Komercni Banka A/S		688		118,551

Materials 0.1%
Unipetrol A/S *		8,600		80,251

Telecommunication Services 0.1%
Telefonica O2 Czech Republic A/S		4,171		81,228

Utilities 0.3%
CEZ A/S *		8,213		344,822
				624,852

Egypt 0.7%

Banks 0.2%
Commercial International Bank GDR		15,652		203,476

Capital Goods 0.3%
Orascom Construction Industries GDR		6,837		288,180

Telecommunication Services 0.2%
Orascom Telecom Holding SAE GDR — Reg’d		31,961		166,197
				657,853

Hong Kong 5.4%

Capital Goods 0.4%
Beijing Enterprises Holdings Ltd.		21,500		136,275
Citic Pacific Ltd.		43,000		78,865
Shanghai Industrial Holdings Ltd.		43,000		173,691
				388,831

Energy 0.9%
CNOOC Ltd.		473,000		750,876
CNPC Hong Kong Ltd.		86,000		117,303
				868,179

Food, Beverage & Tobacco 0.1%
China Agri-Industries Holdings Ltd.		43,000		48,821
China Foods Ltd.		86,000		58,873
				107,694

Insurance 0.1%
China Taiping Insurance Holdings Co., Ltd. *		43,000		137,517

Materials 0.1%
Sinofert Holdings Ltd.		172,000		79,528

Real Estate 0.5%
China Overseas Land & Investment Ltd.		172,000		341,086
China Resources Land Ltd.		86,000		161,707
Yuexiu Property Co., Ltd. *		258,000		56,663
				559,456

Retailing 0.3%
China Resources Enterprise Ltd.		86,000		294,364

Telecommunication Services 2.4%
China Mobile Ltd.		193,500		1,819,200
China Unicom (Hong Kong) Ltd.		430,000		519,140
				2,338,340

Transportation 0.4%
China Merchants Holdings International Co., Ltd.		86,000		265,093
Cosco Pacific Ltd.		86,000		105,595
				370,688

Utilities 0.2%
China Resources Power Holdings Co., Ltd.		86,000		175,182
				5,319,779

Hungary 0.7%

Banks 0.3%
OTP Bank Nyrt. plc *		10,664		275,505

Energy 0.2%
MOL Hungarian Oil and Gas Nyrt. *		2,838		227,260

Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Richter Gedeon Nyrt.		516		96,952

Telecommunication Services 0.1%
Magyar Telekom Telecommunications plc		23,908		72,837
				672,554

India 12.1%

Automobiles & Components 0.4%
Bajaj Auto Ltd.		4,085		191,491
Hero Honda Motors Ltd.		3,053		126,481
Mahindra & Mahindra Ltd.		7,998		94,252
				412,224

Banks 2.0%
Axis Bank Ltd.		11,094		292,999

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Bank of Baroda		5,891		89,741
Canara Bank Ltd.		11,438		98,264
HDFC Bank Ltd.		7,267		296,670
Housing Development Finance Corp., Ltd.		7,353		442,640
ICICI Bank Ltd.		19,350		359,903
Oriental Bank of Commerce		11,524		81,721
State Bank of India		4,945		238,372
Union Bank of India Ltd.		13,923		86,371
				1,986,681

Capital Goods 1.4%
ABB Ltd.		3,913		72,553
Adani Enterprises Ltd.		7,138		82,816
Aditya Birla Nuvo Ltd.		3,311		52,067
Bharat Heavy Electricals Ltd.		4,816		240,956
Crompton Greaves Ltd.		13,296		68,768
Jaiprakash Associates Ltd.		56,459		155,020
Larsen & Toubro Ltd.		14,749		516,875
Siemens India Ltd.		6,321		96,155
Suzlon Energy Ltd. *		33,540		44,146
Tata Motors Ltd.		5,676		91,732
				1,421,088

Diversified Financials 0.4%
Bajaj Holdings & Investment Ltd.		4,945		72,118
Infrastructure Development Finance Co., Ltd.		41,194		136,573
Kotak Mahindra Bank Ltd.		6,106		99,736
Reliance Capital Ltd.		5,203		72,507
				380,934

Energy 2.0%
Aban Offshore Ltd.		430		6,650
Bharat Petroleum Corp., Ltd.		6,321		76,924
Cairn India Ltd. *		16,684		104,201
Essar Oil Ltd. *		44,634		117,351
Hindustan Petroleum Corp., Ltd.		11,954		92,470
Indian Oil Corp., Ltd.		11,868		87,438
Oil & Natural Gas Corp., Ltd.		9,761		237,785
Reliance Industries Ltd.		52,202		1,165,858
The Great Eastern Shipping Co., Ltd. *		14,534		92,827
				1,981,504

Food, Beverage & Tobacco 0.7%
ITC Ltd.		91,719		558,883
Nestle India Ltd.		1,118		69,162
United Spirits Ltd.		2,752		71,495
				699,540

Household & Personal Products 0.1%
Colgate-Palmolive (India) Ltd.		3,440		54,408

Materials 1.3%
Hindalco Industries Ltd.		55,685		180,230
Jindal Steel & Power Ltd.		14,749		208,386
JSW Steel Ltd.		5,289		124,610
NMDC Ltd.		12,900		74,040
Sesa Goa Ltd.		14,835		120,037
Steel Authority of India Ltd.		22,317		98,475
Sterlite Industries (ndia) Ltd. ADR		10,535		150,229
Tata Chemicals Ltd.		11,524		79,098
Tata Steel Ltd.		19,995		212,246
				1,247,351

Media 0.1%
Zee Entertainment Enterprises Ltd.		11,266		68,551

Pharmaceuticals, Biotechnology & Life Sciences 0.6%
Cipla Ltd.		22,446		155,226
Dr. Reddys Laboratories Ltd.		3,526		105,297
Lupin Ltd.		2,666		104,811
Piramal Healthcare Ltd.		8,299		89,606
Sun Pharmaceutical Industries Ltd.		2,451		86,204
				541,144

Real Estate 0.2%
DLF Ltd.		20,081		120,651
Housing Development & Infrastructure Ltd. *		2,193		10,798
Unitech Ltd.		68,026		107,518
				238,967

Software & Services 1.6%
Financial Technologies (India) Ltd.		344		9,807
HCL Technologies Ltd.		8,428		67,922
Infosys Technologies Ltd.		19,178		1,106,940
Mphasis Ltd.		4,730		59,221
Tata Consultancy Services Ltd.		10,492		170,358
Wipro Ltd. ADR		7,310		154,607
				1,568,855

Telecommunication Services 0.5%
Bharti Airtel Ltd.		52,460		294,306
Idea Cellular Ltd. *		63,769		68,661
Reliance Communications Ltd.		35,733		113,263
				476,230

Utilities 0.8%
Adani Power Ltd. *		17,716		45,833
GAIL India Ltd.		14,276		137,693
GMR Infrastructure Ltd. *		52,245		66,455
NTPC Ltd.		20,339		88,211
Power Grid Corp. of India Ltd.		24,123		53,612
Reliance Infrastructure Ltd.		5,031		115,937
Reliance Natural Resources Ltd. *		56,846		64,273
Reliance Power Ltd. *		23,994		80,972
Tata Power Co., Ltd.		4,300		118,516
				771,502
				11,848,979

Indonesia 2.5%

Automobiles & Components 0.5%
PT Astra International Tbk		107,500		481,751

Banks 0.6%
PT Bank Central Asia Tbk		451,500		258,404
PT Bank Mandiri Tbk		193,500		105,521
PT Bank Rakyat Indonesia		236,500		213,247
				577,172

Capital Goods 0.2%
PT United Tractors Tbk		86,000		164,376

Energy 0.2%
PT Bumi Resources Tbk		709,500		155,147
PT Tambang Batubara Bukit Asam Tbk		43,000		78,705
				233,852

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Food, Beverage & Tobacco 0.2%
PT Astra Agro Lestari Tbk		21,500		44,576
PT Gudang Garam Tbk		21,500		77,777
PT Indofood Sukses Makmur Tbk		193,500		74,700
				197,053

Household & Personal Products 0.1%
PT Unilever Indonesia Tbk		64,500		105,521

Materials 0.2%
PT Indocement Tunggal Prakarsa Tbk		64,500		102,735
PT International Nickel Indonesia Tbk		107,500		44,692
PT Semen Gresik (Persero) Tbk		86,000		77,080
				224,507

Telecommunication Services 0.3%
PT Telekomunikasi Indonesia Tbk		365,500		299,962

Utilities 0.2%
PT Perusahaan Gas Negara		365,500		146,034
				2,430,228

Malaysia 4.3%

Automobiles & Components 0.1%
UMW Holdings Berhad		43,000		82,060

Banks 1.5%
Alliance Financial Group Berhad		73,100		60,991
CIMB Group Holdings Berhad		240,800		495,335
Hong Leong Bank Berhad		25,800		66,222
Malayan Banking Berhad		180,600		391,227
Public Bank Berhad — Foreign Market		121,141		421,935
RHB Capital Berhad		25,800		44,931
				1,480,641

Capital Goods 0.5%
Gamuda Berhad		98,900		83,117
IJM Corp. Berhad		51,600		72,171
Sime Darby Berhad		146,200		347,314
				502,602

Consumer Services 0.4%
Berjaya Sports Toto Berhad		55,900		71,910
Genting Berhad		94,600		193,161
Genting Malaysia Berhad		120,400		96,802
				361,873

Diversified Financials 0.1%
AMMB Holdings Berhad		90,300		131,231

Food, Beverage & Tobacco 0.5%
British American Tobacco Malaysia Berhad		4,300		56,359
IOI Corp. Berhad		163,400		235,978
Kuala Lumpur Kepong Berhad		21,500		103,456
PPB Group Berhad		21,500		101,107
				496,900

Real Estate 0.1%
SP Setia Berhad		55,900		64,448

Telecommunication Services 0.5%
Axiata Group Berhad *		219,300		245,515
Digi.com Berhad		12,900		88,766
Maxis Berhad		86,000		136,723
				471,004

Transportation 0.2%
MISC Bhd		60,760		151,347
PLUS Expressways Berhad		86,000		83,495
				234,842

Utilities 0.4%
Petronas Gas Berhad		25,800		77,494
Tanjong plc		8,600		45,662
Tenaga Nasional Berhad		38,700		96,515
YTL Corp. Berhad		43,000		92,888
YTL Power International Berhad		103,200		68,570
				381,129
				4,206,730

Mexico 6.0%

Banks 0.5%
Grupo Financiero Banorte S.A.B. de C.V., O Shares		68,800		265,605
Grupo Financiero Inbursa S.A.B. de C.V., O Shares		60,200		205,475
				471,080

Capital Goods 0.2%
Alfa S.A.B., A Shares		12,900		88,361
Grupo Carso S.A.B. de C.V., Series A1		38,700		129,236
				217,597

Consumer Durables & Apparel 0.0%
Urbi Desarrollos Urbanos S.A.B. de C.V. *		17,200		33,541

Food & Staples Retailing 0.5%
Wal-Mart de Mexico S.A.B. de C.V., Series V		215,000		481,713

Food, Beverage & Tobacco 0.5%
Fomento Economico Mexicano S.A.B. de C.V.		73,100		310,080
Grupo Bimbo S.A.B. de C.V., Series A		12,900		92,168
Grupo Modelo S.A.B. de C.V., Series C		21,500		117,715
				519,963

Household & Personal Products 0.1%
Kimberly-Clark de Mexico S.A.B. de C.V., A Shares		17,200		93,531

Materials 1.3%
Cemex S.A.B. de C.V., Series CPO *		326,800		356,077
Grupo Mexico S.A.B. de C.V., Series B		288,100		686,440
Industrias Penoles S.A.B. de C.V.		5,375		101,435
Mexichem S.A.B. de C.V.		30,100		80,530
				1,224,482

Media 0.4%
Grupo Televisa S.A., Series CPO		94,600		354,113

Retailing 0.1%
Grupo Elektra S.A.B. de C.V.		2,795		112,873

Telecommunication Services 2.3%
America Movil S.A.B. de C.V., Series L		657,900		1,563,454

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Carso Global Telecom S.A.B. de C.V., A1 Shares *		34,400		165,208
Telefonos de Mexico S.A.B. de C.V., L Series		322,500		228,167
Telmex Internacional S.A.B. de C.V., L Shares		313,900		282,783
				2,239,612

Transportation 0.1%
Grupo Aeroportuario del Pacifico S.A.B. de C.V., B Shares		30,100		102,480
				5,850,985

Morocco 0.2%

Telecommunication Services 0.2%
Maroc Telecom		14,706		244,819

Pakistan 0.1%

Energy 0.1%
Oil & Gas Development Co., Ltd. GDR — Reg’d		4,816		72,240

Peru 0.5%

Banks 0.2%
Credicorp Ltd.		2,193		193,620

Materials 0.3%
Companhia de Minas Buenaventura S.A. ADR		8,600		309,600
				503,220

Philippines 0.4%

Banks 0.1%
Bank of the Philippine Islands		68,800		66,261

Capital Goods 0.1%
SM Investments Corp.		9,460		81,384

Real Estate 0.1%
Ayala Land, Inc.		258,000		75,382

Telecommunication Services 0.1%
Philippine Long Distance Telephone Co.		1,720		89,341

Utilities 0.0%
Manila Electric Co.		16,770		63,153
				375,521

Poland 1.2%

Banks 0.6%
Bank Handlowy w Warszawie S.A. *		1,849		41,584
Bank Pekao S.A. *		3,999		201,405
Bank Zachodni WBK S.A.		817		50,513
Getin Holding S.A. *		21,629		66,667
Powszechna Kasa Oszczednosci Bank Polski S.A.		21,457		266,107
				626,276

Energy 0.2%
Polski Koncern Naftowy Orlen S.A. *		10,965		127,197
Polskie Gornictwo Naftowe I Gazownictwo S.A.		48,461		50,279
				177,476

Insurance 0.1%
Powszechny Zaklad Ubezpieczen S.A. *		645		68,286

Materials 0.1%
KGHM Polska Miedz S.A.		4,902		144,868

Telecommunication Services 0.1%
Telekomunikacja Polska S.A.		22,876		107,808

Utilities 0.1%
Polska Grupa Energetyczna S.A. *		15,523		100,859
				1,225,573

Russia 7.5%

Banks 0.9%
Sberbank GDR — Reg’d		3,010		709,136
VTB Bank OJSC GDR — Reg’d		31,046		147,469
				856,605

Energy 4.8%
Gazprom ADR		79,077		1,632,940
Gazprom Neft JSC ADR		8,987		173,898
LUKOIL ADR		21,457		1,038,519
Rosneft Oil Co. GDR		72,111		530,016
Surgutneftegaz ADR		122,421		1,106,686
Tatneft ADR		9,589		261,012
				4,743,071

Materials 1.1%
Magnitogorsk Iron & Steel Works GDR — Reg’d *		4,945		52,021
Mining & Metallurgical Co., Norilsk Nickel ADR *		26,230		430,172
Novolipetsk Steel GDR — Reg’d *		6,106		176,769
Polymetal GDR — Reg’d *		4,687		52,963
Polyus Gold Co. ADR		5,031		128,643
Severstal GDR — Reg’d *		8,213		88,947
Uralkali GDR — Reg’d *		7,396		138,749
				1,068,264

Telecommunication Services 0.7%
Mobile TeleSystems ADR		21,500		413,445
Rostelecom ADR		4,300		86,860
Sistema JSFC GDR — Reg’d		5,676		148,143
				648,448
				7,316,388

South Africa 9.7%

Banks 1.1%
ABSA Group Ltd.		11,997		205,354
Nedbank Group Ltd.		8,385		149,047
Standard Bank Group Ltd.		51,815		729,664
				1,084,065

Capital Goods 0.5%
Aveng Ltd.		16,942		80,887
Barloworld Ltd.		9,761		58,735
Bidvest Group Ltd.		11,352		195,464
Murray & Roberts Holdings Ltd.		15,867		86,284

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Reunert Ltd.		7,396		53,756
				475,126

Consumer Durables & Apparel 0.1%
Steinhoff International Holdings Ltd. *		54,739		141,339

Consumer Services 0.1%
Sun International Ltd. *		4,515		52,303

Diversified Financials 1.0%
African Bank Investments Ltd.		29,498		123,666
FirstRand Ltd.		139,492		359,991
Investec Ltd.		10,879		81,649
JSE Ltd.		4,558		39,610
Remgro Ltd.		17,501		222,140
RMB Holdings Ltd.		31,519		141,643
				968,699

Energy 0.7%
Sasol Ltd.		20,038		726,880

Food & Staples Retailing 0.4%
Massmart Holdings Ltd.		6,966		107,681
Pick n Pay Stores Ltd.		9,116		50,292
Shoprite Holdings Ltd.		17,673		183,833
The Spar Group Ltd.		7,654		78,377
				420,183

Food, Beverage & Tobacco 0.3%
AVI Ltd.		16,727		51,978
Tiger Brands Ltd.		5,418		124,843
Tongaat Hulett Ltd.		4,945		63,157
				239,978

Health Care Equipment & Services 0.1%
Netcare Ltd. *		47,773		85,422

Insurance 0.4%
Discovery Holdings Ltd.		13,846		63,809
Metropolitan Holdings Ltd.		28,724		60,513
Sanlam Ltd.		73,659		229,374
				353,696

Materials 2.5%
AECI Ltd.		5,246		48,006
African Rainbow Minerals Ltd.		3,096		70,931
Anglo Platinum Ltd. *		3,354		339,606
AngloGold Ashanti Ltd.		11,997		505,391
Exxaro Resources Ltd.		2,881		41,727
Gold Fields Ltd.		24,854		341,979
Harmony Gold Mining Co., Ltd.		17,415		170,258
Impala Platinum Holdings Ltd.		21,113		535,696
Kumba Iron Ore Ltd.		3,096		132,674
Mondi Ltd.		6,622		41,896
Nampak Ltd.		28,896		69,056
Pretoria Portland Cement Co., Ltd.		20,253		86,135
Sappi Ltd. *		21,801		82,815
				2,466,170

Media 0.5%
Naspers Ltd., N Shares		12,943		511,261

Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Adcock Ingram Holdings Ltd.		6,751		50,045
Aspen Pharmacare Holdings Ltd. *		14,620		153,905
				203,950

Real Estate 0.2%
Fountainhead Property Trust		74,390		62,198
Growthpoint Properties Ltd.		72,240		143,533
				205,731

Retailing 0.5%
Foschini Ltd.		9,503		82,583
Imperial Holdings Ltd.		7,439		94,521
JD Group Ltd.		6,364		34,272
Mr. Price Group Ltd.		11,739		69,895
Truworths International Ltd.		15,695		112,628
Woolworths Holdings Ltd.		29,713		90,570
				484,469

Telecommunication Services 1.1%
MTN Group Ltd.		59,254		831,299
Telkom South Africa Ltd.		23,564		115,047
Vodacom Group (Pty) Ltd.		17,931		147,561
				1,093,907
				9,513,179

Taiwan 11.8%

Automobiles & Components 0.1%
Cheng Shin Rubber Industry Co., Ltd.		43,000		89,865
Yulon Motor Co., Ltd.		43,000		42,847
				132,712

Banks 1.1%
Chang Hwa Commercial Bank		172,000		68,340
China Development Financial Holding Corp. *		473,000		120,309
Chinatrust Financial Holding Co., Ltd.		344,000		175,963
E.Sun Financial Holding Co., Ltd. *		172,000		67,802
First Financial Holding Co., Ltd.		215,000		110,650
Hua Nan Financial Holdings Co., Ltd.		215,000		118,721
Mega Financial Holding Co., Ltd.		301,000		158,206
SinoPac Financial Holdings Co., Ltd. *		301,000		89,556
Taiwan Cooperative Bank		215,000		122,757
				1,032,304

Capital Goods 0.2%
Far Eastern New Century Corp.		129,000		127,331
Taiwan Glass Industrial Corp.		43,000		38,745
Walsin Lihwa Corp. *		172,000		61,883
				227,959

Consumer Durables & Apparel 0.2%
Pou Chen Corp.		129,000		97,869
Tatung Co., Ltd. *		258,000		47,220
				145,089

Diversified Financials 0.5%
Capital Securities Corp. *		129,000		54,686
Fubon Financial Holding Co., Ltd. *		215,000		244,842
Polaris Securities Co., Ltd. *		129,000		53,475
Yuanta Financial Holding Co., Ltd.		258,000		137,219
				490,222

Energy 0.1%
Formosa Petrochemical Corp.		43,000		101,434

Food, Beverage & Tobacco 0.1%
Uni-President Enterprises Corp.		129,000		132,376

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Insurance 0.3%
Cathay Financial Holding Co., Ltd. *		172,000		252,644
Shin Kong Financial Holding Co., Ltd. *		258,000		86,771
				339,415

Materials 1.6%
Asia Cement Corp.		86,000		73,991
China Steel Corp.		344,000		326,635
Formosa Chemicals & Fibre Corp.		129,000		284,124
Formosa Plastics Corp.		215,000		431,836
Nan Ya Plastics Corp.		215,000		349,774
Taiwan Fertilizer Co., Ltd.		43,000		119,730
				1,586,090

Semiconductors & Semiconductor Equipment 2.9%
Advanced Semiconductor Engineering, Inc.		172,000		144,753
Inotera Memories, Inc. *		86,000		50,852
Macronix International Co., Ltd.		129,000		83,542
MediaTek, Inc.		43,000		691,476
Siliconware Precision Industries Co. ADR		21,500		116,960
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		159,100		1,551,225
United Microelectronics Corp. ADR *		51,600		170,796
				2,809,604

Technology Hardware & Equipment 4.2%
Acer, Inc.		86,000		216,591
Asustek Computer, Inc. (a)		172,000		259,909
AU Optronics Corp. ADR		30,100		292,572
Chicony Electronics Co., Ltd.		43,000		103,721
Compal Electronics, Inc.		129,000		157,196
Delta Electronics, Inc.		43,000		134,528
Foxconn Technology Co., Ltd.		43,000		158,744
HannStar Display Corp. *		301,000		56,784
Hon Hai Precision Industry Co., Ltd.		301,000		1,195,958
HTC Corp.		43,000		585,199
InnoLux Display Corp.		227,902		257,396
Inventec Co., Ltd.		129,000		69,820
Lite-On Technology Corp.		86,000		97,802
Quanta Computer, Inc.		86,000		154,977
Synnex Technology International Corp.		43,000		93,632
Unimicron Technology Corp.		86,000		121,883
Wistron Corp.		86,000		141,793
				4,098,505

Telecommunication Services 0.5%
Chunghwa Telecom Co., Ltd. ADR		12,900		245,874
Far EasTone Telecommunications Co., Ltd.		86,000		102,511
Taiwan Mobile Co., Ltd.		86,000		163,317
				511,702
				11,607,412

Thailand 1.7%

Banks 0.6%
Bangkok Bank Public Co., Ltd. NVDR		43,000		149,916
Bank of Ayudhya Public Co., Ltd. NVDR		193,500		107,583
Kasikornbank Public Co., Ltd. NVDR		51,600		135,518
Krung Thai Bank Public Co., Ltd. NVDR		206,400		70,374
Siam Commercial Bank Public Co., Ltd. NVDR		64,500		158,006
				621,397

Energy 0.7%
Banpu Public Co., Ltd. NVDR		4,300		75,816
IRPC PCL NVDR		520,300		69,043
PTT Aromatics & Refining PCL NVDR		94,600		75,552
PTT Exploration & Production Public Co., Ltd. NVDR		47,300		207,042
PTT PCL NVDR		30,100		223,751
				651,204

Food & Staples Retailing 0.1%
CP ALL PCL NVDR		98,900		82,784

Food, Beverage & Tobacco 0.1%
Charoen Pokphand Foods Public Co., Ltd. NVDR		167,700		89,632

Materials 0.1%
The Siam Cement Public Co., Ltd. NVDR		12,900		94,704

Telecommunication Services 0.1%
Advanced Info Service Public Co., Ltd. NVDR		38,700		87,968
				1,627,689

Turkey 1.5%

Banks 0.8%
Akbank T.A.S.		51,595		261,795
Turkiye Garanti Bankasi A/S		41,323		180,663
Turkiye Halk Bankasi A/S		14,276		95,672
Turkiye Is Bankasi, C Shares		51,858		161,518
Yapi ve Kredi Bankasi A/S *		33,411		87,856
				787,504

Capital Goods 0.2%
Dogan Sirketler Grubu Holdings A/S		61,060		44,817
Enka Insaat ve Sanayi A/S		19,392		64,978
Koc Holding A/S		34,873		121,303
				231,098

Diversified Financials 0.1%
Haci Omer Sabanci Holding A/S		23,779		99,408

Energy 0.1%
Tupras-Turkiye Petrol Rafinerileri A/S		4,042		74,169

Food & Staples Retailing 0.1%
BIM Birlesik Magazalar A/S		3,096		83,980

Food, Beverage & Tobacco 0.1%
Anadolu Efes Biracilik ve Malt Sanayii A/S		8,084		91,840

Materials 0.1%
Eregli Demir ve Celik Fabrikalari TAS (Erdemir) *		32,250		87,274
				1,455,273

Total Common Stock (Cost $95,184,915)				89,945,433

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Other Investment Company 0.3% of net assets

United States 0.3%

State Street Institutional Liquid Reserves Fund — Institutional Class		283,274		283,274
Total Other Investment Company (Cost $283,274)				283,274


Preferred Stock 7.5% of net assets

Brazil 5.6%

Banks 1.9%
Itau Unibanco Holding S.A. ADR		73,960		1,361,603
Itausa — Investimentos Itau S.A.		90,300		534,030
				1,895,633

Energy 1.9%
Petroleo Brasileiro S.A. ADR		60,200		1,864,394

Food & Staples Retailing 0.1%
Companhia Brasileira de Distribuicao Grupo Pao de Acucar ADR		2,150		134,396

Food, Beverage & Tobacco 0.9%
Companhia de Bebidas das Americas ADR		8,600		828,524

Materials 2.4%
Bradespar S.A.		8,600		171,340
Klabin S.A.		21,500		58,096
Metalurgica Gerdau S.A.		8,600		144,708
Suzano Papel e Celulose S.A.		10,550		91,362
Usinas Siderurgicas de Minas Gerais S.A., A Shares		8,600		213,527
Vale S.A. ADR *		73,100		1,684,955
				2,363,988

Retailing 0.1%
Lojas Americanas S.A.		12,900		86,471

Utilities 0.2%
AES Tiete S.A.		4,300		45,251
Companhia Energetica de Sao Paulo, B Shares *		4,300		51,025
Eletropaulo Metropolitana S.A., B Shares		4,300		71,765
				168,041
				7,341,447

Total Preferred Stock (Cost $8,338,666)				7,341,447

End of Investments

At 5/31/10, the tax basis cost of the fund’s investments was $103,832,799 and the unrealized appreciation and depreciation were $1,032,776 and ($7,295,421), respectively, with a net unrealized depreciation of ($6,262,645).


*		Non-income producing security.

(a)		Fair value by management in accordance with procedures approved by the Board of Trustees.

ADR		American Depositary Receipt

GDR		Global Depositary Receipt

NVDR		Non-Voting Depository Receipt

Reg’d		Registered

Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	•		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. The fund does not adjust the quoted price for such investments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price.

	•		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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

	•		Level 3—significant unobservable inputs (including the funds’ 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.


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total*
Common Stock(a)	$	85,846,928	$	—	$	—	$	85,846,928
Taiwan
Technology Hardware & Equipment		3,838,596		—		259,909		4,098,505
Other Investment Company(a)		283,274		—		—		283,274
Preferred Stock(a)		7,341,447		—		—		7,341,447

Total	$	97,310,245	$	—	$	259,909	$	97,570,154


*		The fund had no Other Financial Instruments.

(a)		As categorized in Portfolio Holdings

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:


	Balance				Net		Net							Balance
	as of		Accrued		Realized		Change in			Net		Net		as of
	January 13,		Discounts		Gain		Unrealized Gains			Purchases		Transfers		May 31,
Investments in Securities	2010		(Premiums)		(Losses)		(Losses)			(Sales)		in/out		2010
Common Stock
Taiwan	$	—	$	—	$	—	$	(62,582	)	$	322,491	$	—	$	259,909

Total	$	—	$	—	$	—	$	(62,582	)	$	322,491	$	—	$	259,909

REG56692MAY10

TABLE OF CONTENTS


	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
	Item 3. Exhibits
EX-99.CERT

Item 2. 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, Randall Merk and Registrant’s Principal Financial Officer, George Pereira, 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 Registrant’s last fiscal quarter, there have been no changes in Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) 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 3. Exhibits.

Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), are attached.

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 Strategic Trust


By:		/s/ Randall W. Merk Randall W. Merk
		Chief Executive Officer

Date: July 20, 2010

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/ Randall W. Merk Randall W. Merk
		Chief Executive Officer

Date: July 20, 2010


By:		/s/ George Pereira George Pereira
		Principal Financial Officer

Date: July 20, 2010



End of Investments.

At 05/31/10, the tax basis cost of the fund’s investments was $239,221,851 and the unrealized appreciation and depreciation were $4,238,432 and ($13,766,070), respectively, with a net unrealized appreciation of ($9,527,638).


*		Non-income producing security.

(a)		Issuer is affiliated with the fund’s adviser.