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Schwab Strategic Trust
Schwab U.S. TIPS ETF™

Portfolio Holdings as of March 31, 2013 (Unaudited)

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

For fixed rate obligations, the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. The maturity date shown for all the securities is the final legal maturity.

Cost

Value

Holdings by Category

($)

.7%

U.S. Government Securities

537,027,097

567,402,744

.0%

Other Investment Company

132,128

.7%

Total Investments

537,159,225

567,534,872

.3%

Other Assets and
Liabilities, Net

1,469,642

100

.0%

Net Assets

569,004,514


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

U.S. Government Securities 99.7% of net assets

U.S. Treasury Obligations 99.7%


U.S. Treasury Inflation Protected Securities
1.25%, 04/15/14		11,020,528		11,390,707
2.00%, 07/15/14		15,374,828		16,280,559
1.63%, 01/15/15		15,165,585		16,184,560
0.50%, 04/15/15		14,922,762		15,682,927
1.88%, 07/15/15		13,332,659		14,634,727
2.00%, 01/15/16		13,066,108		14,570,801
0.13%, 04/15/16		26,175,869		27,824,164
2.50%, 07/15/16		12,798,063		14,815,806
2.38%, 01/15/17		11,094,938		12,948,126
0.13%, 04/15/17		29,455,592		31,784,351
2.63%, 07/15/17		9,623,864		11,581,743
1.63%, 01/15/18		10,025,305		11,698,328
1.38%, 07/15/18		9,882,672		11,584,369
2.13%, 01/15/19		9,205,517		11,236,530
1.88%, 07/15/19		10,457,416		12,810,334
1.38%, 01/15/20		12,675,873		15,110,021
1.25%, 07/15/20		19,475,289		23,282,124
1.13%, 01/15/21		22,270,746		26,283,043
0.63%, 07/15/21		23,625,496		27,051,193
0.13%, 01/15/22		26,054,363		28,378,934
0.13%, 07/15/22		26,872,675		29,316,476
0.13%, 01/15/23		18,263,145		19,712,691
2.38%, 01/15/25		17,345,833		23,316,615
2.00%, 01/15/26		12,618,426		16,449,254
2.38%, 01/15/27		10,161,204		13,847,791
1.75%, 01/15/28		10,183,513		12,964,935
3.63%, 04/15/28		10,676,969		16,694,402
2.50%, 01/15/29		9,833,787		13,755,009
3.88%, 04/15/29		12,669,462		20,605,740
3.38%, 04/15/32		3,986,531		6,418,953
2.13%, 02/15/40		5,942,769		8,381,147
2.13%, 02/15/41		7,977,057		11,303,730
0.75%, 02/15/42		12,943,640		13,528,175
0.63%, 02/15/43		5,951,210		5,974,479

Total U.S. Government Securities
(Cost $537,027,097)				567,402,744



	Number		Value
Security	of Shares		($)

Other Investment Company 0.0% of net assets

Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund		132,128		132,128

Total Other Investment Company
(Cost $132,128)				132,128



End of Investments

At 03/31/13, the tax basis cost of the fund’s investments was $537,220,992 and the unrealized appreciation and depreciation were $30,626,871 and ($312,991), respectively, with a net unrealized appreciation of $30,313,880.

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Schwab U.S. TIPS ETF

Portfolio Holdings (Unaudited) continued

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:


	•	Bonds and notes: valued at halfway between the most recent bid and asked quotes or, if such quotes are unavailable, at prices for securities of comparable maturity, credit quality and type. Valuations for bonds and notes are provided by independent bond-pricing services.

	•	Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, the fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

	•	Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value.

	•	Underlying funds: valued at their respective net asset values.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:


	•	Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities.

	•	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 fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

Schwab U.S. TIPS ETF

Portfolio Holdings (Unaudited) continued

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of March 31, 2013:

Quoted Prices in

Significant

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total²

U.S. Government Securities¹

$—

$567,402,744

$—

$567,402,744

Other Investment Company¹

132,128

—

132,128

Total

$132,128

$567,402,744

$—

$567,534,872


¹		As categorized in Portfolio Holdings.
²		The fund had no Other Financial Instruments.

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended March 31, 2013.

REG59499MAR13

Schwab Strategic Trust
Schwab Short-Term U.S. Treasury ETF™

Portfolio Holdings as of March 31, 2013 (Unaudited)

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

Cost

Value

Holdings by Category

($)

.5%

U.S. Government Securities

261,052,558

261,519,722

.5%

Total Investments

261,052,558

261,519,722

.5%

Other Assets and
Liabilities, Net

1,337,602

100

.0%

Net Assets

262,857,324


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

U.S. Government Securities 99.5% of net assets

U.S. Treasury Obligations 99.5%


U.S. Treasury Notes
1.25%, 04/15/14		8,316,000		8,409,555
1.88%, 04/30/14		9,175,000		9,343,811
2.25%, 05/31/14		10,023,000		10,264,183
0.75%, 06/15/14		7,944,000		7,998,305
2.63%, 06/30/14		8,158,000		8,405,293
0.63%, 07/15/14		4,583,000		4,608,601
2.63%, 07/31/14		6,403,000		6,610,848
0.50%, 08/15/14		8,093,000		8,126,829
2.38%, 08/31/14		5,120,000		5,277,000
0.25%, 09/15/14		12,516,000		12,524,311
0.50%, 10/15/14		11,449,000		11,499,089
0.38%, 11/15/14		12,793,000		12,825,481
4.25%, 11/15/14		2,815,000		2,998,637
0.25%, 12/15/14		4,280,000		4,282,341
0.25%, 01/15/15		9,699,000		9,702,414
0.25%, 02/15/15		9,855,000		9,856,153
4.00%, 02/15/15		10,601,000		11,344,724
2.38%, 02/28/15		10,100,000		10,510,706
2.50%, 03/31/15		12,683,000		13,252,746
2.13%, 05/31/15		15,519,000		16,138,550
1.75%, 07/31/15		11,635,000		12,032,231
1.25%, 09/30/15		20,743,000		21,234,028
1.38%, 11/30/15		8,117,000		8,342,758
2.13%, 12/31/15		9,383,000		9,842,626
2.00%, 01/31/16		8,445,000		8,838,883
2.13%, 02/29/16		9,172,000		9,643,496
2.25%, 03/31/16		7,200,000		7,606,123

Total U.S. Government Securities
(Cost $261,052,558)				261,519,722



End of Investments

At 3/31/13, the tax basis cost of the fund’s investments was $261,053,611 and the unrealized appreciation and depreciation were $467,219 and ($1,108), respectively, with a net unrealized appreciation $466,111.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:


	•	Bonds and notes: valued at halfway between the most recent bid and asked quotes or, if such quotes are unavailable, at prices for securities of comparable maturity, credit quality and type. Valuations for bonds and notes are provided by independent bond-pricing services.

	•	Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, the fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ

Schwab Short-Term U.S. Treasury ETF

Portfolio Holdings (Unaudited) continued


		techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.


	•	Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value.

	•	Underlying funds: valued at their respective net asset values.

The three levels of the fair value hierarchy are as follows:


	•	Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities.

	•	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 fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

Quoted Prices in

Significant

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total²

U.S. Government Securities¹

$—

$261,519,722

$—

$261,519,722

Total

$—

$261,519,722

$—

$261,519,722


¹		As categorized in Portfolio Holdings.
²		The fund had no Other Financial Instruments.

Schwab Strategic Trust
Schwab Intermediate-Term U.S. Treasury ETF™

Portfolio Holdings as of March 31, 2013 (Unaudited)

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

Cost

Value

Holdings by Category

($)

.5%

U.S. Government Securities

206,350,908

207,417,349

.5%

Total Investments

206,350,908

207,417,349

.5%

Other Assets and
Liabilities, Net

1,137,683

100

.0%

Net Assets

208,555,032


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

U.S. Government Securities 99.5% of net assets

U.S. Treasury Obligations 99.5%


U.S. Treasury Bonds
8.50%, 02/15/20		571,000		849,586
8.75%, 05/15/20		424,000		643,221
8.75%, 08/15/20		1,894,000		2,896,932


U.S. Treasury Notes
2.00%, 04/30/16		4,200,000		4,408,362
1.50%, 06/30/16		2,541,000		2,630,532
3.25%, 06/30/16		4,928,000		5,379,222
4.88%, 08/15/16		2,964,000		3,404,433
1.00%, 08/31/16		5,259,000		5,358,016
3.13%, 10/31/16		4,575,000		5,006,052
2.75%, 11/30/16		7,034,000		7,609,360
3.13%, 01/31/17		3,913,000		4,299,104
3.00%, 02/28/17		3,596,000		3,938,181
3.25%, 03/31/17		4,984,000		5,514,721
0.88%, 04/30/17		5,441,000		5,506,891
3.13%, 04/30/17		1,942,000		2,141,511
0.63%, 05/31/17		8,010,000		8,021,262
2.75%, 05/31/17		3,339,000		3,636,121
2.50%, 06/30/17		4,681,000		5,053,285
2.38%, 07/31/17		3,491,000		3,752,008
4.75%, 08/15/17		6,728,000		7,927,475
4.25%, 11/15/17		3,802,000		4,419,528
0.63%, 11/30/17		4,614,000		4,599,221
2.25%, 11/30/17		1,814,000		1,943,957
0.75%, 12/31/17		5,500,000		5,508,167
3.50%, 02/15/18		3,188,000		3,609,913
0.75%, 02/28/18		2,000,000		1,999,844
2.75%, 02/28/18		5,296,000		5,811,534
4.00%, 08/15/18		2,743,000		3,202,666
1.38%, 09/30/18		2,730,000		2,803,795
3.75%, 11/15/18		3,623,000		4,194,188
2.75%, 02/15/19		818,000		901,973
1.38%, 02/28/19		6,797,000		6,951,530
3.13%, 05/15/19		4,213,000		4,746,867
1.00%, 06/30/19		6,185,000		6,161,324
0.88%, 07/31/19		3,523,000		3,478,138
3.63%, 08/15/19		3,703,000		4,289,115
3.38%, 11/15/19		2,772,000		3,173,508
1.00%, 11/30/19		2,002,000		1,981,824
1.13%, 12/31/19		2,989,000		2,978,727
3.63%, 02/15/20		2,276,000		2,644,783
1.25%, 02/29/20		500,000		500,859
3.50%, 05/15/20		2,736,000		3,159,653
2.63%, 08/15/20		5,086,000		5,556,058
2.63%, 11/15/20		2,912,000		3,176,584
3.63%, 02/15/21		700,000		815,609
3.13%, 05/15/21		3,904,000		4,396,575
2.13%, 08/15/21		2,105,000		2,200,053
2.00%, 11/15/21		5,000,000		5,157,030
2.00%, 02/15/22		7,124,000		7,324,918
1.63%, 08/15/22		4,734,000		4,673,717
1.63%, 11/15/22		3,804,000		3,737,133
2.00%, 02/15/23		3,300,000		3,342,283

Total U.S. Government Securities
(Cost $206,350,908)				207,417,349



End of Investments

At 03/31/2013, the tax basis cost of the fund’s investments was $206,355,248 and the unrealized appreciation and depreciation were $1,099,978, and ($37,877), respectively, with a net unrealized appreciation $1,062,101.

Schwab Intermediate-Term U.S. Treasury ETF

Portfolio Holdings (Unaudited) continued

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:


	•	Bonds and notes: valued at halfway between the most recent bid and asked quotes or, if such quotes are unavailable, at prices for securities of comparable maturity, credit quality and type. Valuations for bonds and notes are provided by independent bond-pricing services.

	•	Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, the fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

	•	Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value.

	•	Underlying funds: valued at their respective net asset values.

The three levels of the fair value hierarchy are as follows:


	•	Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities.

	•	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 fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

Schwab Intermediate-Term U.S. Treasury 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)

Total²

U.S. Government Securities¹

$—

$207,417,349

$—

$207,417,349

Total

$—

$207,417,349

$—

$207,417,349


¹		As categorized in Portfolio Holdings.
²		The fund had no Other Financial Instruments.

REG59500MAR13

Schwab Strategic Trust
Schwab U.S. Aggregate Bond ETF™

Portfolio Holdings as of March 31, 2013 (Unaudited)

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


				Cost		Value
Holdings by Category				($)		($)

	0	.3%	Asset-Backed Obligations		1,310,269		1,308,556
	1	.7%	Commercial Mortgage Backed Securities		6,776,478		6,825,374
	21	.5%	Corporate Bonds		85,603,538		87,498,755
	4	.5%	Foreign Securities		17,932,442		18,269,400
	29	.2%	Mortgage-Backed Securities		118,455,273		118,833,652
	1	.0%	Municipal Bonds		3,825,759		3,958,497
	51	.1%	U.S. Government and Government Agencies		206,477,601		208,101,621
	0	.1%	Other Investment Company		324,543		324,543


	109	.4%	Total Investments		440,705,903		445,120,398
	(9	.4)%	Other Assets and Liabilities, Net				(38,243,562	)


	100	.0%	Net Assets				406,876,836


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

Asset-Backed Obligations 0.3% of net assets


Chase Issuance Trust
Series 2012-A3 Class A3
0.79%, 06/15/17 (b)		300,000		301,675
Series 2007-A3 Class A3
5.23%, 04/15/19 (b)		100,000		116,774
Citibank Credit Card Issuance Trust
Series 2005-A2 Class A2
4.85%, 03/10/17 (b)		100,000		108,466
Series 2003-A7 Class A7
4.15%, 07/07/17 (b)		100,000		108,073
Series 2006-A3 Class A3
5.30%, 03/15/18 (b)		150,000		170,342
Ford Credit Auto Owner Trust
Series 2012-B Class A4
1.00%, 09/15/17 (b)		200,000		201,960
Honda Auto Receivables Owner Trust
Series 2011-3 Class A3
0.88%, 09/21/15 (b)		200,000		200,847
Nissan Auto Receivables Owner Trust
Series 2012-A Class A3
0.73%, 05/16/16 (b)		100,000		100,419

Total Asset-Backed Obligations
(Cost $1,310,269)				1,308,556




Commercial Mortgage Backed Securities 1.7% of net assets


Banc of America Commercial Mortgage Trust
Series 2007-4 Class A4
5.75%, 02/10/51 (a)(b)		220,000		256,342
Banc of America Merrill Lynch Commercial Mortgage, Inc.
Series 2005-4 Class A5A
4.93%, 07/10/45 (b)		361,000		391,162
Bear Stearns Commercial Mortgage Securities
Series 2005-PW10 Class A4
5.41%, 12/11/40 (a)(b)		300,000		330,899
Series 2005-PWR8 Class A4
4.67%, 06/11/41 (b)		200,000		213,995
Series 2007-T28 Class A4
5.74%, 09/11/42 (a)(b)		560,000		657,924
Series 2007-T26 Class A4
5.47%, 01/12/45 (a)(b)		440,000		507,929
Credit Suisse First Boston Mortgage Securities Corp.
Series 2004-C5 Class A4
4.83%, 11/15/37 (b)		200,000		211,173
Series 2005-C1 Class A4
5.01%, 02/15/38 (a)(b)		680,000		721,913
Credit Suisse Mortgage Capital Certificates
Series 2007-C5 Class A3
5.69%, 09/15/40 (a)(b)		200,000		207,209
Greenwich Capital Commercial Funding Corp.
Series 2007-GG9 Class A4
5.44%, 03/10/39 (b)		415,000		474,725
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-CB11 Class A4
5.34%, 08/12/37 (a)(b)		300,000		322,133
Series 2004-CB8 Class A4
4.40%, 01/12/39 (b)		297,833		305,800
Series 2005-LDP4 Class A4
4.92%, 10/15/42 (a)(b)		200,000		214,360
Series 2005-LDP5 Class A4
5.20%, 12/15/44 (a)(b)		200,000		219,608
Series 2007-LD12 Class ASB
5.83%, 02/15/51 (a)(b)		155,568		170,162
LB-UBS Commercial Mortgage Trust
Series 2004-C4 Class A4
5.51%, 06/15/29 (a)(b)		200,000		210,149
Series 2005-C5 Class A4
4.95%, 09/15/30 (b)		300,000		324,210
Series 2005-C7 Class A4
5.20%, 11/15/30 (a)(b)		200,000		217,773

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Wachovia Bank Commercial Mortgage Trust
Series 2004-C11 Class A5
5.22%, 01/15/41 (a)(b)		220,000		228,917
Series 2005-C21 Class A4
5.24%, 10/15/44 (a)(b)		175,347		191,669
Series 2006-C23 Class A5
5.42%, 01/15/45 (a)(b)		400,000		447,322

Total Commercial Mortgage Backed Securities
(Cost $6,776,478)				6,825,374




Corporate Bonds 21.5% of net assets

Finance 7.3%


Banking 4.6%
American Express Co.
8.13%, 05/20/19		250,000		336,724
American Express Credit Corp.
2.38%, 03/24/17		200,000		209,333
Bank of America Corp.
5.38%, 06/15/14		200,000		210,060
5.13%, 11/15/14		250,000		265,990
1.50%, 10/09/15		100,000		100,392
5.25%, 12/01/15		300,000		325,861
3.63%, 03/17/16		650,000		689,996
5.75%, 08/15/16		100,000		111,598
5.65%, 05/01/18		250,000		289,526
5.00%, 05/13/21		150,000		168,420
3.30%, 01/11/23		200,000		197,620
5.88%, 02/07/42		100,000		119,251
Bank of New York Mellon Corp.
2.50%, 01/15/16		250,000		261,822
2.30%, 07/28/16		100,000		104,840
Bank of Nova Scotia
3.40%, 01/22/15		200,000		209,837
Bank of Tokyo-Mitsubishi UFJ Ltd.
2.35%, 02/23/17		100,000		103,891
Barclays Bank PLC
3.90%, 04/07/15		100,000		105,819
5.00%, 09/22/16		100,000		112,407
BB&T Corp.
3.95%, 03/22/22 (b)		100,000		106,928
Bear Stearns Cos. LLC
5.70%, 11/15/14		350,000		377,365
BNP Paribas
5.00%, 01/15/21		200,000		225,885
Capital One Financial Corp.
2.15%, 03/23/15		150,000		153,150
4.75%, 07/15/21		150,000		169,543
Citigroup, Inc.
6.38%, 08/12/14		100,000		107,202
5.00%, 09/15/14		400,000		420,160
4.75%, 05/19/15		100,000		107,323
1.25%, 01/15/16		150,000		149,922
3.95%, 06/15/16		550,000		593,083
4.45%, 01/10/17		200,000		220,380
6.13%, 11/21/17		300,000		355,076
4.05%, 07/30/22		250,000		258,757
3.38%, 03/01/23		200,000		202,029
5.88%, 05/29/37		200,000		237,432
6.88%, 03/05/38		75,000		98,732
Credit Suisse USA, Inc.
4.88%, 01/15/15		100,000		107,346
Deutsche Bank AG
3.25%, 01/11/16		150,000		159,081
Fifth Third Bancorp
5.45%, 01/15/17		100,000		112,391
Goldman Sachs Group, Inc.
3.63%, 02/07/16		275,000		292,246
5.63%, 01/15/17		500,000		560,276
5.95%, 01/18/18		200,000		233,428
6.15%, 04/01/18		150,000		176,949
5.25%, 07/27/21		100,000		113,501
5.75%, 01/24/22		100,000		116,478
6.13%, 02/15/33		80,000		92,294
6.75%, 10/01/37		100,000		112,412
6.25%, 02/01/41		75,000		89,446
HSBC Holdings PLC
5.10%, 04/05/21		350,000		405,091
HSBC USA, Inc.
5.00%, 09/27/20		164,000		183,113
JPMorgan Chase & Co.
2.60%, 01/15/16		250,000		259,837
6.00%, 01/15/18		250,000		297,403
6.30%, 04/23/19		450,000		550,346
4.25%, 10/15/20		150,000		164,850
6.40%, 05/15/38		300,000		386,030
5.40%, 01/06/42		50,000		57,615
Key Bank NA
5.80%, 07/01/14		250,000		265,441
Lloyds TSB Bank PLC
4.20%, 03/28/17		100,000		109,844
Manufacturers & Traders Trust Co.
5.63%, 12/01/21 (a)(b)		250,000		258,125
Merrill Lynch & Co., Inc.
6.88%, 04/25/18		200,000		241,668
Morgan Stanley
1.75%, 02/25/16		500,000		504,248
5.45%, 01/09/17		200,000		224,059
5.95%, 12/28/17		250,000		289,740
6.63%, 04/01/18		200,000		239,340
7.30%, 05/13/19		200,000		247,811
3.75%, 02/25/23		500,000		506,432
7.25%, 04/01/32		100,000		129,056
6.38%, 07/24/42		100,000		120,583
PNC Funding Corp.
3.63%, 02/08/15		160,000		168,540
5.63%, 02/01/17		75,000		85,743
Rabobank Nederland
3.95%, 11/09/22		200,000		201,768
Royal Bank of Canada
2.63%, 12/15/15		225,000		236,433
Royal Bank of Scotland Group PLC
6.40%, 10/21/19		200,000		239,110
Royal Bank of Scotland PLC
4.38%, 03/16/16		200,000		217,825
Santander Holdings USA, Inc.
4.63%, 04/19/16		50,000		53,507
UBS AG
5.88%, 12/20/17		100,000		118,733
5.75%, 04/25/18		100,000		118,599
US Bancorp
2.20%, 11/15/16 (b)		100,000		104,440

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
3.00%, 03/15/22 (b)		100,000		103,278
Wachovia Corp.
5.75%, 06/15/17		250,000		294,090
5.50%, 08/01/35		250,000		278,008
Wells Fargo & Co.
3.75%, 10/01/14		250,000		261,887
5.63%, 12/11/17		150,000		177,612
3.45%, 02/13/23		250,000		252,203
Westpac Banking Corp.
4.88%, 11/19/19		350,000		409,793

				18,634,403


Brokerage 0.1%
BlackRock, Inc.
5.00%, 12/10/19		200,000		237,645
Jefferies Group, Inc.
5.88%, 06/08/14		100,000		106,250
5.50%, 03/15/16		100,000		109,000
Nomura Holdings, Inc.
5.00%, 03/04/15		100,000		106,438
6.70%, 03/04/20		15,000		17,974

				577,307


Finance Company 0.7%
General Electric Capital Corp.
5.90%, 05/13/14		230,000		243,767
5.00%, 01/08/16		75,000		83,202
2.95%, 05/09/16		300,000		317,348
6.00%, 08/07/19		100,000		121,571
4.38%, 09/16/20		150,000		167,781
6.75%, 03/15/32		150,000		191,491
6.15%, 08/07/37		150,000		181,702
5.88%, 01/14/38		450,000		526,518
6.88%, 01/10/39		100,000		131,473
6.38%, 11/15/67 (a)(b)		100,000		106,250
HSBC Finance Corp.
5.50%, 01/19/16		100,000		111,373
6.68%, 01/15/21		150,000		177,777
SLM Corp.
4.63%, 09/25/17		250,000		259,950

				2,620,203


Insurance 1.2%
Aetna, Inc.
3.95%, 09/01/20		100,000		109,653
American International Group, Inc.
2.38%, 08/24/15		100,000		102,640
4.88%, 09/15/16		150,000		167,055
5.60%, 10/18/16		200,000		227,460
5.85%, 01/16/18		40,000		46,924
6.40%, 12/15/20		300,000		372,118
Berkshire Hathaway Finance Corp.
4.25%, 01/15/21		300,000		337,955
Berkshire Hathaway, Inc.
3.20%, 02/11/15		140,000		146,996
Chubb Corp.
6.00%, 05/11/37		250,000		321,607
Cigna Corp.
4.00%, 02/15/22 (b)		150,000		162,334
5.88%, 03/15/41 (b)		50,000		59,925
5.38%, 02/15/42 (b)		100,000		113,500
CNA Financial Corp.
7.35%, 11/15/19		250,000		316,875
Genworth Financial, Inc.
5.75%, 06/15/14		100,000		104,883
7.63%, 09/24/21		200,000		241,282
Hartford Financial Services Group, Inc.
5.50%, 03/30/20		70,000		81,761
5.95%, 10/15/36		100,000		117,128
ING US, Inc.
2.90%, 02/15/18 (c)		300,000		304,633
Lincoln National Corp.
4.20%, 03/15/22		100,000		108,751
MetLife, Inc.
6.82%, 08/15/18		250,000		311,995
5.70%, 06/15/35		100,000		117,431
Prudential Financial, Inc.
4.50%, 11/16/21		100,000		111,444
6.63%, 12/01/37		100,000		126,124
5.63%, 05/12/41		75,000		85,693
Travelers Cos., Inc.
5.90%, 06/02/19		160,000		199,057
6.25%, 06/15/37		70,000		93,675
UnitedHealth Group, Inc.
0.85%, 10/15/15		50,000		50,183
1.40%, 10/15/17		50,000		50,418
6.00%, 02/15/18		150,000		181,562
3.95%, 10/15/42 (b)		100,000		94,576
WellPoint, Inc.
5.25%, 01/15/16		150,000		167,107

				5,032,745


Real Estate Investment Trust 0.7%
AvalonBay Communities, Inc.
2.95%, 09/15/22 (b)		100,000		98,585
Boston Properties LP
5.63%, 11/15/20 (b)		500,000		593,852
4.13%, 05/15/21		400,000		434,929
Digital Realty Trust LP
5.25%, 03/15/21 (b)		100,000		111,069
Duke Realty LP
7.38%, 02/15/15		125,000		138,536
ERP Operating LP
5.75%, 06/15/17		150,000		175,453
HCP, Inc.
6.70%, 01/30/18		100,000		121,512
5.38%, 02/01/21 (b)		46,000		53,521
Kilroy Realty LP
3.80%, 01/15/23 (b)		100,000		102,625
ProLogis LP
6.63%, 05/15/18		50,000		60,193
7.38%, 10/30/19		150,000		188,076
Simon Property Group LP
6.13%, 05/30/18		150,000		183,474
5.65%, 02/01/20 (b)		102,000		123,230
4.13%, 12/01/21 (b)		100,000		110,785
Ventas Realty LP
3.25%, 08/15/22 (b)		250,000		249,335

				2,745,175

				29,609,833

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

Industrial 11.9%


Basic Industry 1.1%
Airgas, Inc.
1.65%, 02/15/18 (b)		150,000		150,413
Alcoa, Inc.
5.55%, 02/01/17		250,000		275,927
Barrick Gold Corp.
2.90%, 05/30/16		100,000		105,224
Barrick North America Finance LLC
5.70%, 05/30/41		60,000		63,805
Barrick PD Australia Finance Pty Ltd.
4.95%, 01/15/20		100,000		111,144
BHP Billiton Finance USA Ltd.
1.13%, 11/21/14		200,000		202,289
3.25%, 11/21/21		100,000		105,837
CF Industries, Inc.
7.13%, 05/01/20		100,000		124,078
Cliffs Natural Resources, Inc.
3.95%, 01/15/18		100,000		100,512
6.25%, 10/01/40		50,000		46,279
Domtar Corp.
10.75%, 06/01/17		100,000		129,097
Dow Chemical Co.
2.50%, 02/15/16		200,000		208,433
8.55%, 05/15/19		225,000		302,818
5.25%, 11/15/41 (b)		100,000		107,303
Eastman Chemical Co.
3.60%, 08/15/22 (b)		350,000		364,257
EI du Pont de Nemours & Co.
5.75%, 03/15/19		200,000		245,017
Freeport-McMoRan Copper & Gold, Inc.
1.40%, 02/13/15		300,000		302,311
International Paper Co.
7.95%, 06/15/18		100,000		128,842
7.50%, 08/15/21		132,000		173,095
Newmont Mining Corp.
3.50%, 03/15/22 (b)		150,000		151,304
Potash Corp. of Saskatchewan, Inc.
5.88%, 12/01/36		100,000		119,478
Rio Tinto Finance USA Ltd.
1.88%, 11/02/15		170,000		174,433
6.50%, 07/15/18		100,000		122,891
Rio Tinto Finance USA PLC
3.50%, 03/22/22 (b)		100,000		103,079
4.75%, 03/22/42 (b)		100,000		104,606
Southern Copper Corp.
5.25%, 11/08/42		100,000		95,187
Teck Resources Ltd.
6.25%, 07/15/41 (b)		100,000		106,135
Vale Overseas Ltd.
6.88%, 11/21/36		100,000		114,086
Vale S.A.
5.63%, 09/11/42		200,000		198,863
Valspar Corp.
4.20%, 01/15/22 (b)		100,000		109,022

				4,645,765


Capital Goods 1.1%
ABB Finance USA, Inc.
1.63%, 05/08/17		100,000		101,493
2.88%, 05/08/22		100,000		101,693
ADT Corp.
3.50%, 07/15/22 (c)		200,000		199,772
Boeing Capital Corp.
2.90%, 08/15/18 (b)		100,000		107,191
4.70%, 10/27/19		50,000		58,671
Boeing Co.
6.88%, 03/15/39		90,000		127,372
Caterpillar Financial Services Corp.
1.25%, 11/06/17		150,000		150,468
7.15%, 02/15/19		72,000		93,213
Caterpillar, Inc.
5.70%, 08/15/16		100,000		115,776
CRH America, Inc.
6.00%, 09/30/16		100,000		113,864
Deere & Co.
5.38%, 10/16/29		150,000		186,046
Eaton Corp.,
0.95%, 11/02/15		50,000		50,267
1.50%, 11/02/17		50,000		50,199
4.00%, 11/02/32		100,000		100,201
4.15%, 11/02/42		100,000		97,910
General Electric Co.
0.85%, 10/09/15		100,000		100,396
5.25%, 12/06/17		100,000		117,263
2.70%, 10/09/22		100,000		100,217
4.13%, 10/09/42		100,000		100,682
Honeywell International, Inc.
4.25%, 03/01/21		200,000		229,868
Illinois Tool Works, Inc.
3.90%, 09/01/42 (b)		100,000		96,847
John Deere Capital Corp.
5.50%, 04/13/17		200,000		233,888
1.70%, 01/15/20		100,000		98,644
L-3 Communications Corp.
4.75%, 07/15/20		100,000		110,789
Lockheed Martin Corp.
4.25%, 11/15/19		36,000		40,568
3.35%, 09/15/21		100,000		105,159
Raytheon Co.
3.13%, 10/15/20		200,000		211,579
Republic Services, Inc.
3.80%, 05/15/18		200,000		220,186
5.70%, 05/15/41 (b)		80,000		93,730
United Technologies Corp.
5.38%, 12/15/17		300,000		356,159
6.13%, 02/01/19		150,000		187,336
3.10%, 06/01/22		100,000		105,017
4.50%, 06/01/42		150,000		160,545

				4,323,009


Communications 2.2%
America Movil S.A.B. de C.V.
2.38%, 09/08/16		200,000		206,734
4.38%, 07/16/42		150,000		139,000
AT&T Mobility LLC
7.13%, 12/15/31		50,000		68,137
AT&T, Inc.
0.80%, 12/01/15		100,000		99,866
0.90%, 02/12/16		250,000		250,007
5.50%, 02/01/18		130,000		152,999
3.00%, 02/15/22		100,000		101,370
6.30%, 01/15/38		120,000		144,434
5.35%, 09/01/40		50,000		53,727

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
5.55%, 08/15/41		100,000		110,637
BellSouth Corp.
6.88%, 10/15/31		100,000		121,047
6.55%, 06/15/34		150,000		177,861
6.00%, 11/15/34		225,000		251,165
CBS Corp.
5.50%, 05/15/33		150,000		158,749
Comcast Corp.
5.15%, 03/01/20		250,000		296,617
4.25%, 01/15/33		300,000		302,993
Deutsche Telekom International Finance BV
8.75%, 06/15/30 (a)		100,000		141,964
DIRECTV Holdings LLC
3.55%, 03/15/15		100,000		104,731
3.50%, 03/01/16		100,000		106,267
5.88%, 10/01/19		100,000		118,601
6.00%, 08/15/40 (b)		150,000		160,424
6.38%, 03/01/41		100,000		112,326
Discovery Communications LLC
5.05%, 06/01/20		150,000		173,505
France Telecom S.A.
5.38%, 01/13/42		250,000		260,102
NBCUniversal Media LLC
2.88%, 04/01/16		100,000		105,430
4.38%, 04/01/21		250,000		281,768
5.95%, 04/01/41		350,000		423,646
News America, Inc.
5.30%, 12/15/14		54,000		58,131
6.90%, 03/01/19		30,000		37,813
6.15%, 03/01/37		200,000		235,447
Qwest Corp.
6.75%, 12/01/21		150,000		172,999
Rogers Communications, Inc.
3.00%, 03/15/23 (b)		250,000		251,410
TCI Communications, Inc.
7.13%, 02/15/28		150,000		203,481
Telecom Italia Capital S.A.
5.25%, 10/01/15		100,000		105,627
7.00%, 06/04/18		200,000		226,705
7.72%, 06/04/38		100,000		104,594
Telefonica Emisiones S.A.U.
4.95%, 01/15/15		300,000		315,700
6.22%, 07/03/17		150,000		168,208
5.46%, 02/16/21		250,000		269,677
Telefonos de Mexico S.A.B. de C.V.
5.50%, 11/15/19		100,000		116,865
Time Warner Cable, Inc.
5.85%, 05/01/17		150,000		174,357
6.55%, 05/01/37		200,000		231,518
5.50%, 09/01/41 (b)		100,000		103,139
4.50%, 09/15/42 (b)		100,000		91,257
Verizon Communications, Inc.
1.10%, 11/01/17		600,000		591,255
5.85%, 09/15/35		200,000		230,316
Verizon Global Funding Corp.
7.75%, 12/01/30		100,000		136,980
Vodafone Group PLC
5.00%, 09/15/15		100,000		109,987
5.63%, 02/27/17		50,000		57,990
5.45%, 06/10/19		45,000		53,615
4.38%, 03/16/21		150,000		169,315

				8,840,493


Consumer Cyclical 1.4%
Amazon.com, Inc.
2.50%, 11/29/22 (b)		150,000		146,288
CVS Caremark Corp.
4.88%, 09/15/14		75,000		79,733
4.75%, 05/18/20 (b)		108,000		125,187
Daimler Finance North America LLC
8.50%, 01/18/31		75,000		116,447
Darden Restaurants, Inc.
3.35%, 11/01/22 (b)		100,000		95,297
eBay, Inc.
1.63%, 10/15/15		125,000		128,245
Ford Motor Co.
7.45%, 07/16/31		425,000		539,629
Ford Motor Credit Co. LLC
2.75%, 05/15/15		300,000		306,386
6.63%, 08/15/17		450,000		525,305
4.25%, 09/20/22		250,000		258,990
Gap, Inc.
5.95%, 04/12/21 (b)		450,000		515,238
Home Depot, Inc.
5.40%, 03/01/16		300,000		339,917
Lowe’s Cos., Inc.
3.12%, 04/15/22 (b)		150,000		155,685
Macy’s Retail Holdings, Inc.
5.90%, 12/01/16		64,000		74,419
5.13%, 01/15/42 (b)		100,000		104,755
Marriott International, Inc.
3.00%, 03/01/19 (b)		100,000		104,890
McDonald’s Corp.
5.30%, 03/15/17		86,000		100,069
3.70%, 02/15/42		114,000		111,519
Nordstrom, Inc.
4.00%, 10/15/21 (b)		150,000		166,104
QVC, Inc.
5.13%, 07/02/22		100,000		106,124
Starwood Hotels & Resorts Worldwide, Inc.
6.75%, 05/15/18		100,000		121,523
Target Corp.
5.88%, 07/15/16		100,000		116,842
3.88%, 07/15/20		25,000		28,100
6.35%, 11/01/32		45,000		58,861
Time Warner, Inc.
3.15%, 07/15/15		85,000		89,568
4.75%, 03/29/21		150,000		170,073
7.63%, 04/15/31		100,000		135,676
7.70%, 05/01/32		61,000		83,363
5.38%, 10/15/41		50,000		53,992
Toyota Motor Credit Corp.
3.40%, 09/15/21		100,000		107,337
Viacom, Inc.
2.50%, 12/15/16		100,000		104,287
6.88%, 04/30/36		100,000		123,832
Wal-Mart Stores, Inc.
5.25%, 09/01/35		150,000		176,711
6.50%, 08/15/37		100,000		135,523
Walt Disney Co.
1.35%, 08/16/16		150,000		152,994

				5,758,909


Consumer Non-Cyclical 3.0%
AbbVie, Inc.
2.00%, 11/06/18		700,000		709,278

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Altria Group, Inc.
4.75%, 05/05/21		100,000		113,375
2.85%, 08/09/22		250,000		246,274
AmerisourceBergen Corp.
4.88%, 11/15/19		450,000		523,134
Amgen, Inc.
3.88%, 11/15/21 (b)		200,000		218,686
5.15%, 11/15/41 (b)		100,000		107,713
Anheuser-Busch InBev Worldwide, Inc.
5.38%, 11/15/14		193,000		207,442
1.38%, 07/15/17		350,000		353,281
6.88%, 11/15/19		100,000		129,710
3.75%, 07/15/42		200,000		188,282
Archer-Daniels-Midland Co.
5.94%, 10/01/32		100,000		121,657
AstraZeneca PLC
5.40%, 06/01/14		75,000		79,215
Boston Scientific Corp.
6.00%, 01/15/20		150,000		175,579
Bristol-Myers Squibb Co.
6.13%, 05/01/38		100,000		131,066
3.25%, 08/01/42		100,000		87,981
Cardinal Health, Inc.
4.00%, 06/15/15		100,000		106,667
Celgene Corp.
1.90%, 08/15/17		100,000		101,641
Colgate-Palmolive Co.
2.63%, 05/01/17		100,000		106,560
ConAgra Foods, Inc.
3.20%, 01/25/23 (b)		350,000		349,580
Covidien International Finance S.A.
2.80%, 06/15/15		50,000		52,321
Diageo Capital PLC
5.75%, 10/23/17		200,000		238,557
Diageo Investment Corp.
2.88%, 05/11/22		150,000		151,934
Express Scripts Holding Co.
2.75%, 11/21/14		100,000		103,040
3.13%, 05/15/16		350,000		370,007
General Mills, Inc.
5.70%, 02/15/17		250,000		292,068
3.15%, 12/15/21 (b)		100,000		105,048
GlaxoSmithKline Capital, Inc.
5.65%, 05/15/18		100,000		121,023
2.85%, 05/08/22		150,000		153,337
Johnson & Johnson
1.20%, 05/15/14		100,000		101,035
Kellogg Co.
4.15%, 11/15/19		150,000		168,605
Kimberly-Clark Corp.
6.63%, 08/01/37		100,000		140,873
Koninklijke Philips Electronics
5.00%, 03/15/42		100,000		112,873
Kraft Foods Group, Inc.
5.38%, 02/10/20		78,000		93,211
3.50%, 06/06/22		200,000		209,535
Lorillard Tobacco Co.
2.30%, 08/21/17		100,000		100,916
McKesson Corp.
3.25%, 03/01/16		50,000		53,624
Medtronic, Inc.
4.45%, 03/15/20		100,000		115,094
Merck & Co., Inc.
2.25%, 01/15/16		90,000		94,044
3.88%, 01/15/21 (b)		200,000		224,386
5.85%, 06/30/39		64,000		83,064
Mondelez International, Inc.
4.13%, 02/09/16		250,000		272,345
5.38%, 02/10/20		72,000		85,789
6.50%, 02/09/40		25,000		32,581
Novartis Capital Corp.
4.40%, 04/24/20		100,000		115,548
PepsiCo, Inc.
5.00%, 06/01/18		150,000		176,630
4.88%, 11/01/40		200,000		225,276
Pfizer, Inc.
6.20%, 03/15/19		225,000		282,789
Philip Morris International, Inc.
1.13%, 08/21/17		100,000		99,765
2.50%, 08/22/22		100,000		98,891
Procter & Gamble Co.
1.80%, 11/15/15		375,000		388,144
4.70%, 02/15/19		42,000		49,572
5.55%, 03/05/37		50,000		64,177
Quest Diagnostics, Inc.
3.20%, 04/01/16		100,000		105,113
Reynolds American, Inc.
7.63%, 06/01/16		75,000		89,388
3.25%, 11/01/22		100,000		99,071
Safeway, Inc.
3.95%, 08/15/20		225,000		230,283
7.25%, 02/01/31		200,000		230,112
Sanofi
2.63%, 03/29/16		100,000		105,352
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		100,000		100,468
Teva Pharmaceutical Finance Co. LLC
6.15%, 02/01/36		125,000		159,382
The Coca-Cola Co.
1.50%, 11/15/15		200,000		205,029
1.15%, 04/01/18		500,000		501,209
3.15%, 11/15/20		150,000		162,305
The Kroger Co.
7.50%, 04/01/31		100,000		128,113
Thermo Fisher Scientific, Inc.
4.50%, 03/01/21		50,000		54,935
3.60%, 08/15/21 (b)		50,000		51,814
Watson Pharmaceuticals, Inc.
1.88%, 10/01/17		250,000		253,187
3.25%, 10/01/22 (b)		250,000		253,926
4.63%, 10/01/42 (b)		100,000		101,282
Wyeth LLC
5.95%, 04/01/37		200,000		256,344
Zoetis, Inc.
4.70%, 02/01/43 (b)(c)		100,000		102,491

				12,223,027


Energy 1.6%
Anadarko Petroleum Corp.
5.95%, 09/15/16		225,000		259,204
6.38%, 09/15/17		200,000		238,959
6.45%, 09/15/36		100,000		123,312
Apache Corp.
4.75%, 04/15/43 (b)		150,000		153,980

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Baker Hughes, Inc.
3.20%, 08/15/21 (b)		100,000		105,990
BP Capital Markets PLC
3.63%, 05/08/14		220,000		227,338
4.75%, 03/10/19		250,000		289,967
Canadian Natural Resources Ltd.
6.25%, 03/15/38		100,000		121,703
Chevron Corp.
4.95%, 03/03/19		100,000		119,525
Conoco, Inc.
6.95%, 04/15/29		100,000		135,453
ConocoPhillips
6.50%, 02/01/39		125,000		167,750
ConocoPhillips Canada
5.63%, 10/15/16		150,000		174,428
Encana Corp.
6.50%, 02/01/38		175,000		205,821
Halliburton Co.
6.15%, 09/15/19		125,000		157,537
Hess Corp.
8.13%, 02/15/19		200,000		258,620
7.30%, 08/15/31		150,000		186,865
Husky Energy, Inc.
7.25%, 12/15/19		200,000		257,975
Kerr-McGee Corp.
6.95%, 07/01/24		250,000		313,808
Marathon Petroleum Corp.
5.13%, 03/01/21		125,000		146,033
Nabors Industries, Inc.
6.15%, 02/15/18		100,000		113,821
Nexen, Inc.
5.88%, 03/10/35		150,000		181,761
Noble Holding International Ltd.
5.25%, 03/15/42		150,000		151,449
Occidental Petroleum Corp.
4.10%, 02/01/21 (b)		100,000		113,561
Petrohawk Energy Corp.
7.88%, 06/01/15 (b)		200,000		206,994
7.25%, 08/15/18 (b)		100,000		112,020
Shell International Finance BV
3.10%, 06/28/15		100,000		105,754
4.30%, 09/22/19		100,000		115,997
6.38%, 12/15/38		45,000		62,377
Suncor Energy, Inc.
6.10%, 06/01/18		100,000		121,100
Talisman Energy, Inc.
3.75%, 02/01/21 (b)		150,000		156,259
Tosco Corp.
7.80%, 01/01/27		150,000		218,355
Total Capital S.A.
3.00%, 06/24/15		100,000		105,185
Transocean, Inc.
6.38%, 12/15/21		200,000		233,253
6.80%, 03/15/38		150,000		165,729
Valero Energy Corp.
9.38%, 03/15/19		150,000		204,889
6.13%, 02/01/20		150,000		182,521
Weatherford International Ltd.
4.50%, 04/15/22 (b)		175,000		180,594

				6,375,887


Other Industrial 0.0%
Howard Hughes Medical Institute
3.45%, 09/01/14		50,000		52,354

				52,354


Technology 1.1%
Agilent Technologies, Inc.
6.50%, 11/01/17		250,000		299,701
Arrow Electronics, Inc.
3.00%, 03/01/18		150,000		151,501
4.50%, 03/01/23 (b)		200,000		202,122
Cisco Systems, Inc.
2.90%, 11/17/14		266,000		276,870
5.90%, 02/15/39		100,000		125,644
Corning, Inc.
1.45%, 11/15/17		200,000		201,070
Fiserv, Inc.
4.63%, 10/01/20		150,000		162,748
Google, Inc.
2.13%, 05/19/16		75,000		78,350
Harris Corp.
6.15%, 12/15/40		50,000		58,525
Hewlett-Packard Co.
2.60%, 09/15/17		300,000		302,642
6.00%, 09/15/41		200,000		204,266
International Business Machines Corp.
5.70%, 09/14/17		150,000		179,650
7.00%, 10/30/25		105,000		148,397
Microsoft Corp.
2.50%, 02/08/16		100,000		105,358
4.50%, 10/01/40		100,000		108,380
NetApp, Inc.
3.25%, 12/15/22 (b)		250,000		246,630
Oracle Corp.
5.75%, 04/15/18		165,000		199,319
3.88%, 07/15/20		180,000		201,935
6.13%, 07/08/39		250,000		323,490
5.38%, 07/15/40		100,000		117,610
Science Applications International Corp.
5.50%, 07/01/33		50,000		50,576
Texas Instruments, Inc.
2.38%, 05/16/16		100,000		104,751
Xerox Corp.
4.25%, 02/15/15		400,000		421,527

				4,271,062


Transportation 0.4%
American Airlines 2013-1 Class A Pass Through Trust
4.00%, 07/15/25 (c)		100,000		101,687
Burlington Northern Santa Fe LLC
4.70%, 10/01/19		140,000		163,285
5.05%, 03/01/41 (b)		80,000		86,884
CSX Corp.
6.25%, 04/01/15		200,000		221,562
4.25%, 06/01/21 (b)		150,000		168,983
4.10%, 03/15/44 (b)		100,000		94,872
FedEx Corp.
2.63%, 08/01/22		200,000		196,914
3.88%, 08/01/42		200,000		187,964
Norfolk Southern Corp.
3.00%, 04/01/22 (b)		150,000		153,911
Southwest Airlines Co.
5.13%, 03/01/17		220,000		241,989

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Union Pacific Corp.
4.00%, 02/01/21 (b)		180,000		201,336

				1,819,387

				48,309,893

Utilities 2.3%


Electric 1.6%
Alabama Power Co.
4.10%, 01/15/42		100,000		101,267
Appalachian Power Co.
7.00%, 04/01/38		250,000		336,068
Commonwealth Edison Co.
1.95%, 09/01/16 (b)		50,000		51,830
Consolidated Edison Co. of New York, Inc.
5.85%, 04/01/18		200,000		243,003
Consolidated Natural Gas Co.
5.00%, 12/01/14		450,000		479,798
Detroit Edison Co.
3.95%, 06/15/42 (b)		100,000		99,909
Duke Energy Carolinas LLC
6.05%, 04/15/38		200,000		258,630
5.30%, 02/15/40		100,000		118,787
Duke Energy Indiana, Inc.
3.75%, 07/15/20		175,000		193,109
Entergy Corp.
3.63%, 09/15/15		250,000		261,370
Exelon Generation Co. LLC
5.20%, 10/01/19		142,000		160,937
4.00%, 10/01/20 (b)		150,000		158,616
FirstEnergy Corp.
2.75%, 03/15/18 (b)		500,000		506,244
7.38%, 11/15/31		300,000		352,389
Florida Power & Light Co.
5.95%, 02/01/38		150,000		195,620
Florida Power Corp.
6.40%, 06/15/38		91,000		121,850
Georgia Power Co.
4.75%, 09/01/40		150,000		162,452
Midamerican Energy Holdings Co.
5.75%, 04/01/18		100,000		120,270
6.13%, 04/01/36		200,000		249,418
National Rural Utilities Cooperative Finance Corp.
5.45%, 02/01/18		100,000		119,047
Pacific Gas & Electric Co.
4.25%, 05/15/21 (b)		200,000		226,915
6.05%, 03/01/34		192,000		240,947
PPL Electric Utilities Corp.
2.50%, 09/01/22 (b)		100,000		100,383
PPL Energy Supply LLC
6.20%, 05/15/16		150,000		171,242
6.50%, 05/01/18		200,000		237,083
4.60%, 12/15/21 (b)		100,000		106,761
PSEG Power LLC
5.13%, 04/15/20		150,000		170,748
Public Service Electric & Gas Co.
3.95%, 05/01/42 (b)		100,000		101,474
San Diego Gas & Electric Co.
4.30%, 04/01/42 (b)		100,000		109,019
Southern California Edison Co.
5.50%, 08/15/18		100,000		122,108
Union Electric Co.
3.90%, 09/15/42 (b)		100,000		99,047
Virginia Electric & Power Co.
6.00%, 05/15/37		50,000		65,332
Westar Energy, Inc.
4.13%, 03/01/42 (b)		100,000		102,910
Xcel Energy, Inc.
4.70%, 05/15/20 (b)		200,000		234,434

				6,379,017


Natural Gas 0.7%
El Paso Pipeline Partners Operating Co. LLC
4.70%, 11/01/42 (b)		100,000		95,445
Energy Transfer Partners LP
6.70%, 07/01/18		50,000		60,396
4.65%, 06/01/21 (b)		100,000		109,033
7.50%, 07/01/38		100,000		125,262
Enterprise Products Operating LLC
6.30%, 09/15/17		100,000		120,300
5.20%, 09/01/20		150,000		176,198
Kinder Morgan Energy Partners LP
5.95%, 02/15/18		250,000		298,387
6.85%, 02/15/20		50,000		62,803
3.50%, 09/01/23 (b)		150,000		152,390
5.80%, 03/15/35		100,000		112,816
5.00%, 08/15/42 (b)		100,000		101,764
Magellan Midstream Partners LP
4.20%, 12/01/42 (b)		100,000		94,404
Nisource Finance Corp.
5.40%, 07/15/14		200,000		211,267
Plains All American Pipeline LP
3.65%, 06/01/22 (b)		200,000		211,640
6.65%, 01/15/37		100,000		128,673
Sempra Energy
6.00%, 10/15/39		100,000		124,812
Southern Natural Gas Co.
5.90%, 04/01/17 (c)		150,000		175,580
Southwest Gas Corp.
3.88%, 04/01/22 (b)		100,000		108,824
TransCanada PipeLines Ltd.
3.80%, 10/01/20		56,000		61,493
7.63%, 01/15/39		50,000		71,961
Williams Partners LP
7.25%, 02/01/17		350,000		421,392
6.30%, 04/15/40		50,000		58,380

				3,083,220


Other Utilities 0.0%
Veolia Environnement S.A.
6.00%, 06/01/18		100,000		116,792

				116,792

				9,579,029

Total Corporate Bonds
(Cost $85,603,538)				87,498,755

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

Foreign Securities 4.5% of net assets

Foreign Agencies 1.3%


Austria 0.1%
Oesterreichische Kontrollbank AG
1.75%, 10/05/15		75,000		77,312
2.00%, 06/03/16		150,000		156,090

				233,402


Canada 0.0%
Export Development Canada
2.25%, 05/28/15		100,000		104,105
1.25%, 10/27/15		60,000		61,299

				165,404


Cayman Islands 0.1%
Petrobras International Finance Co.
2.88%, 02/06/15		400,000		409,305
5.38%, 01/27/21		150,000		162,599

				571,904


Germany 0.6%
Kreditanstalt fuer Wiederaufbau
2.63%, 02/16/16 (d)		375,000		397,776
4.88%, 01/17/17 (d)		450,000		519,216
1.25%, 02/15/17 (d)		350,000		356,810
4.50%, 07/16/18 (d)		400,000		469,722
4.88%, 06/17/19 (d)		200,000		241,871
2.75%, 09/08/20 (d)		200,000		215,443
2.38%, 08/25/21 (d)		300,000		310,820

				2,511,658


Japan 0.1%
Japan Bank for International Cooperation
2.25%, 07/13/16		200,000		210,427

				210,427


Mexico 0.1%
Petroleos Mexicanos
5.50%, 01/21/21		400,000		461,000

				461,000


Norway 0.0%
Statoil A.S.A.
2.90%, 10/15/14		100,000		103,801

				103,801


Republic of Korea 0.1%
Export-Import Bank of Korea
5.88%, 01/14/15		100,000		108,647
4.38%, 09/15/21		300,000		333,051

				441,698


Sweden 0.1%
Svensk Exportkredit AB
5.13%, 03/01/17		150,000		173,796

				173,796


United States 0.1%
Pemex Project Funding Master Trust
6.63%, 06/15/35		300,000		360,750

				360,750

				5,233,840

Foreign Local Government 0.5%


Canada 0.5%
Hydro-Quebec
2.00%, 06/30/16		200,000		208,123
8.05%, 07/07/24		60,000		87,804
Province of British Columbia
2.85%, 06/15/15		200,000		210,633
Province of Manitoba
1.13%, 06/01/18		250,000		249,941
Province of Ontario
2.95%, 02/05/15		460,000		481,203
4.00%, 10/07/19		225,000		257,058
2.45%, 06/29/22		450,000		452,081
Province of Quebec
7.50%, 09/15/29		68,000		101,753

				2,048,596

Sovereign 1.2%


Brazil 0.3%
Brazilian Government International Bond
2.63%, 01/05/23		300,000		288,750
Federative Republic of Brazil
6.00%, 01/17/17		350,000		408,275
4.88%, 01/22/21		100,000		116,500
8.25%, 01/20/34		150,000		228,750
7.13%, 01/20/37		100,000		139,250

				1,181,525


Canada 0.1%
Canada Government International Bond
2.38%, 09/10/14		200,000		206,167

				206,167


Chile 0.0%
Chile Government International Bond
3.63%, 10/30/42		100,000		92,900

				92,900


Colombia 0.1%
Colombia Government International Bond
7.38%, 03/18/19		300,000		387,750
7.38%, 09/18/37		100,000		143,750

				531,500


Italy 0.2%
Italy Government International Bond
3.13%, 01/26/15		350,000		354,811
5.38%, 06/12/17		100,000		108,542
6.88%, 09/27/23		150,000		174,396
5.38%, 06/15/33		200,000		200,483

				838,232


Mexico 0.3%
Mexico Government International Bond
5.63%, 01/15/17		600,000		693,000
8.00%, 09/24/22		100,000		140,250
6.05%, 01/11/40		150,000		186,375

				1,019,625

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)


Panama 0.1%
Panama Government International Bond
6.70%, 01/26/36		200,000		267,500

				267,500


Peru 0.1%
Peruvian Government International Bond
7.13%, 03/30/19		250,000		322,125

				322,125


Poland 0.0%
Poland Government International Bond
5.00%, 10/19/15		150,000		165,435

				165,435


Republic of Korea 0.0%
Republic of Korea
7.13%, 04/16/19		150,000		194,325

				194,325


South Africa 0.0%
South Africa Government International Bond
4.67%, 01/17/24		100,000		107,500

				107,500

				4,926,834

Supranational 1.5%
African Development Bank
2.50%, 03/15/16		150,000		158,813
Asian Development Bank
2.75%, 05/21/14		150,000		154,215
2.63%, 02/09/15		200,000		208,399
2.50%, 03/15/16		150,000		158,915
European Bank for Reconstruction & Development
1.63%, 09/03/15		500,000		514,345
European Investment Bank
4.63%, 10/20/15		400,000		441,588
2.50%, 05/16/16		325,000		344,109
5.13%, 05/30/17		1,000,000		1,172,558
4.00%, 02/16/21		700,000		810,658
Inter-American Development Bank
4.50%, 09/15/14		300,000		318,399
5.13%, 09/13/16		100,000		115,607
3.88%, 10/28/41		300,000		321,860
International Bank for Reconstruction & Development
2.13%, 03/15/16		400,000		420,134
0.88%, 04/17/17		350,000		353,021
International Finance Corp.
2.13%, 11/17/17		300,000		317,596
Nordic Investment Bank
0.50%, 04/14/16		250,000		249,913

				6,060,130

Total Foreign Securities
(Cost $17,932,442)				18,269,400




Mortgage-Backed Securities 29.2% of net assets

U.S. Government Agency Mortgages 29.2%
Fannie Mae
5.50%, 02/01/17 to 09/01/38 (b)		5,070,106		5,556,695
5.00%, 02/01/18 to 06/01/41 (b)		4,485,350		4,886,533
3.50%, 10/01/18 to 11/01/42 (b)		5,410,171		5,735,635
4.00%, 09/01/20 to 04/01/42 (b)		4,924,377		5,277,667
3.00%, 01/01/26 to 12/01/42 (b)		3,591,647		3,744,092
4.50%, 07/01/26 to 07/01/42 (b)		6,187,110		6,696,516
2.50%, 10/01/27 to 11/01/27 (b)		666,301		692,309
6.00%, 06/01/37 to 10/01/39 (b)		2,476,414		2,721,306
6.50%, 10/01/39 (b)		526,065		594,535
3.64%, 03/01/40 (a)(b)		401,730		426,978
3.35%, 04/01/40 (a)(b)		145,851		153,176
3.61%, 05/01/40 (a)(b)		126,961		134,821
Fannie Mae TBA
2.00%, 04/01/28 (b)		200,000		202,227
2.50%, 04/01/28 to 04/01/43 (b)		2,200,000		2,267,696
3.00%, 04/01/28 to 04/01/43 (b)		5,000,000		5,164,253
3.50%, 04/01/28 to 04/01/43 (b)		3,100,000		3,269,437
4.00%, 04/01/28 to 04/01/43 (b)		4,100,000		4,374,371
4.50%, 04/01/28 to 04/01/43 (b)		2,200,000		2,368,774
5.00%, 04/01/28 to 04/01/43 (b)		1,200,000		1,298,660
5.50%, 04/01/28 (b)		400,000		428,188
6.00%, 04/01/43 (b)		1,300,000		1,424,110
Freddie Mac
5.00%, 06/01/18 to 09/01/40 (b)		2,788,468		3,069,517
5.50%, 11/01/18 to 02/01/40 (b)		1,423,210		1,539,730
4.00%, 12/01/20 to 10/01/41 (b)		4,358,947		4,655,362
4.50%, 01/01/24 to 09/01/41 (b)		3,152,579		3,377,668
3.50%, 07/01/26 to 09/01/42 (b)		3,493,983		3,693,672
3.00%, 10/01/26 to 01/01/33 (b)		905,864		951,500
2.50%, 07/01/27 (b)		92,257		95,728
6.00%, 10/01/37 to 04/01/38 (b)		1,095,362		1,197,512
6.50%, 09/01/39 (b)		371,455		422,702
3.00%, 05/01/41 (a)(b)		73,514		77,588
Freddie Mac TBA
2.00%, 04/01/28 (b)		200,000		201,477
2.50%, 04/01/28 (b)		1,300,000		1,343,469

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
3.00%, 04/01/28 to 04/01/43 (b)		2,700,000		2,781,344
3.50%, 04/01/28 to 04/01/43 (b)		1,100,000		1,156,266
4.00%, 04/01/28 (b)		100,000		106,156
5.00%, 04/01/28 to 04/01/43 (b)		1,400,000		1,504,813
4.50%, 04/01/43 (b)		2,100,000		2,247,000
5.50%, 04/01/43 (b)		800,000		866,469
Ginnie Mae
4.00%, 04/20/26 to 02/20/43 (a)(b)		4,257,250		4,631,874
3.50%, 05/20/26 to 03/20/43 (b)		4,872,247		5,218,322
3.00%, 02/20/27 to 12/20/42 (a)(b)		2,663,756		2,807,434
2.50%, 01/20/28 to 08/20/38 (a)(b)		676,837		706,985
5.50%, 04/15/33 to 07/15/34 (b)		739,947		824,385
5.00%, 10/15/34 to 04/20/40 (b)		2,057,061		2,256,775
6.00%, 02/15/37 to 12/15/38 (b)		859,019		971,218
4.50%, 08/20/37 to 12/20/42 (a)(b)		4,791,714		5,273,175
5.00%, 10/20/37 (a)(b)		75,447		80,414
Ginnie Mae TBA
2.50%, 04/01/43 (b)		200,000		197,922
3.00%, 04/01/43 (b)		1,900,000		1,979,750
3.50%, 04/01/43 (b)		1,100,000		1,178,671
4.00%, 04/01/43 (b)		600,000		653,680
4.50%, 04/01/43 (b)		1,500,000		1,638,516
5.00%, 04/01/43 (b)		1,900,000		2,066,547
5.50%, 04/01/43 (b)		1,500,000		1,642,032

Total Mortgage-Backed Securities
(Cost $118,455,273)				118,833,652




Municipal Bonds 1.0% of net assets

Fixed-Rate Obligations 1.0%
Bay Area Toll Authority
RB (Build America Bonds) Series 2010S3
6.91%, 10/01/50		100,000		141,312
California,
GO (Build America Bonds) Series 2009
7.50%, 04/01/34		100,000		139,284
GO (Build America Bonds) Series 2009
7.55%, 04/01/39		250,000		361,167
Catholic Health Initiatives
1.60%, 11/01/17		100,000		101,290
4.35%, 11/01/42		225,000		227,648
Commonwealth of Massachusetts
GO (Build America Bonds) Series 2009
5.46%, 12/01/39		100,000		123,504
Dallas County Hospital District
GO (Build America Bonds) Series C
5.62%, 08/15/44		150,000		187,893
Georgia
GO (Build America Bonds) Series H
4.50%, 11/01/25		40,000		46,797
JobsOhio Beverage System
RB (Build America Bonds) Series B
3.99%, 01/01/29		250,000		258,515
Los Angeles USD
GO (Build America Bonds) Series 2010
6.76%, 07/01/34		200,000		270,462
Metropolitan Government of Nashville & Davidson County
GO (Build America Bonds) Series 2010
5.71%, 07/01/34		20,000		24,612
Metropolitan Transportation Authority
RB (Build America Bonds) Series E
6.81%, 11/15/40		150,000		197,624
New Jersey State Turnpike Authority
RB (Build America Bonds) Series 2010A
7.10%, 01/01/41		100,000		141,225
New York City Municipal Water Finance Authority
Water System RB (Build America Bonds) Series 2009
5.75%, 06/15/41		200,000		258,444
5.88%, 06/15/44		250,000		330,752
San Francisco CA City & County Public Utilities Commission
Water System RB (Build America Bonds) Series 2010DE
6.00%, 11/01/40		400,000		499,280
State of Connecticut
GO Bonds Series 2008A
5.85%, 03/15/32		200,000		249,028
Texas Transportation Commission
RB (Build America Bonds) Series B
5.03%, 04/01/26		200,000		244,100
Yale University
Medium-Term Notes Series B
2.90%, 10/15/14		150,000		155,560

Total Municipal Bonds
(Cost $3,825,759)				3,958,497




U.S. Government and Government Agencies 51.1% of net assets

U.S. Government Agency Securities 14.8%
Fannie Mae
1.13%, 06/27/14		732,000		740,597
0.55%, 02/27/15 (b)		2,000,000		2,006,486
1.63%, 10/26/15		2,032,000		2,096,693
1.13%, 04/27/17		769,000		783,815
0.88%, 08/28/17		1,172,000		1,176,326
7.13%, 01/15/30		277,000		425,439
Federal Farm Credit Bank
4.88%, 12/16/15		321,000		359,936
Federal Home Loan Bank
0.00%, 04/10/13 (e)		6,800,000		6,799,980
0.00%, 04/19/13 (e)		15,300,000		15,299,923
0.50%, 11/20/15		1,000,000		1,003,761
1.00%, 06/21/17		835,000		843,907
1.00%, 11/09/17 (b)		500,000		500,549
5.00%, 11/17/17		785,000		934,854
Freddie Mac
0.00%, 04/08/13 (e)		14,000,000		13,999,972

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
0.00%, 04/24/13 (e)		5,000,000		4,999,970
1.00%, 07/30/14		2,850,000		2,880,954
0.50%, 04/17/15		564,000		566,493
0.60%, 05/22/15 (b)		600,000		600,373
0.50%, 01/15/16 (b)		400,000		400,263
2.25%, 07/03/17 (b)		600,000		603,434
2.00%, 07/17/17 (b)		500,000		502,949
1.00%, 07/28/17		119,000		120,239
2.38%, 01/13/22		1,651,000		1,721,767
6.75%, 03/15/31		264,000		397,990
Tennessee Valley Authority
6.75%, 11/01/25		488,000		703,154

				60,469,824

U.S. Treasury Obligations 36.3%
U.S. Treasury Bonds
9.13%, 05/15/18		2,058,000		2,922,199
8.00%, 11/15/21		1,902,000		2,898,469
6.00%, 02/15/26		797,000		1,134,604
6.75%, 08/15/26		1,269,000		1,927,691
6.13%, 11/15/27		384,000		560,520
5.25%, 02/15/29		483,000		655,295
6.25%, 05/15/30		422,000		637,352
4.75%, 02/15/37		871,000		1,146,726
4.38%, 02/15/38		2,114,000		2,643,162
3.50%, 02/15/39		1,010,000		1,098,375
4.38%, 11/15/39		783,000		981,319
4.63%, 02/15/40		725,000		943,972
4.25%, 11/15/40		187,000		229,952
3.75%, 08/15/41		1,439,000		1,627,644
3.13%, 02/15/42		2,604,000		2,617,426
3.00%, 05/15/42		1,322,000		1,294,528
2.75%, 08/15/42		1,196,000		1,109,851
2.75%, 11/15/42		1,232,000		1,142,102
U.S. Treasury Notes
1.00%, 05/15/14		4,289,000		4,328,708
0.25%, 05/31/14		4,215,000		4,218,625
0.13%, 07/31/14		6,372,100		6,366,378
0.25%, 09/15/14		3,600,000		3,602,390
0.50%, 10/15/14		3,017,000		3,030,199
0.38%, 11/15/14		2,146,000		2,151,449
0.25%, 01/15/15		2,700,000		2,700,950
0.25%, 02/15/15		1,250,000		1,250,146
2.38%, 02/28/15		557,000		579,650
2.50%, 03/31/15		3,514,000		3,671,856
2.50%, 04/30/15		1,376,000		1,439,855
2.13%, 05/31/15		1,583,000		1,646,197
1.88%, 06/30/15		5,064,100		5,245,699
1.75%, 07/31/15		4,750,000		4,912,170
0.25%, 09/15/15		3,892,000		3,887,135
1.25%, 10/31/15		5,838,000		5,978,024
0.25%, 12/15/15		2,750,000		2,744,629
0.38%, 01/15/16		2,000,000		2,002,344
0.38%, 02/15/16		2,550,000		2,551,992
2.13%, 02/29/16		1,046,000		1,099,771
2.25%, 03/31/16		1,965,000		2,075,838
2.00%, 04/30/16		1,758,000		1,845,214
2.63%, 04/30/16		1,046,000		1,117,668
3.25%, 05/31/16		929,000		1,012,465
3.00%, 09/30/16		1,493,000		1,624,338
0.88%, 01/31/17		3,371,000		3,415,770
3.25%, 03/31/17		2,015,000		2,229,567
0.63%, 05/31/17		2,373,000		2,376,336
0.63%, 08/31/17		2,530,000		2,527,827
1.88%, 08/31/17		2,952,600		3,111,763
1.88%, 09/30/17		1,784,000		1,880,029
0.75%, 10/31/17		3,406,000		3,416,378
1.88%, 10/31/17		1,548,000		1,631,446
0.75%, 12/31/17		1,550,000		1,552,302
0.75%, 02/28/18		1,000,000		999,922
2.88%, 03/31/18		1,291,000		1,425,143
2.63%, 04/30/18		2,745,000		2,997,625
1.38%, 09/30/18		1,001,000		1,028,058
1.25%, 04/30/19		1,614,000		1,635,941
0.88%, 07/31/19		2,919,000		2,881,829
3.38%, 11/15/19		2,748,700		3,146,833
1.00%, 11/30/19		373,000		369,241
1.38%, 01/31/20		2,000,000		2,023,126
2.63%, 08/15/20		1,573,000		1,718,380
2.63%, 11/15/20		2,304,000		2,513,341
3.63%, 02/15/21		1,775,000		2,068,152
2.13%, 08/15/21		1,924,900		2,011,821
1.63%, 08/15/22		1,733,000		1,710,932
1.63%, 11/15/22		800,000		785,938
2.00%, 02/15/23		1,500,000		1,519,220

				147,631,797

Total U.S. Government and Government Agencies
(Cost $206,477,601)				208,101,621



	Number		Value
Security	of Shares		($)

Other Investment Company 0.1% of net assets

Money Market Fund 0.1%
State Street Institutional U.S. Government Money Market Fund		324,543		324,543

Total Other Investment Company
(Cost $324,543)				324,543



End of Investments

At 03/31/13, the tax basis cost of the fund’s investments was $440,768,549 and the unrealized appreciation and depreciation were $5,321,501 and ($969,652), respectively, with a net unrealized appreciation $4,351,849.


(a)		Variable-rate security.
(b)		The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).
(c)		Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $884,163 or 0.2% of net assets.
(d)		Guaranteed by the Republic of Germany.
(e)		Zero Coupon Bond.

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


GO —		General obligation
RB —		Revenue bond
USD —		Unified school district

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:


	•	Bonds and notes: valued at halfway between the most recent bid and asked quotes or, if such quotes are unavailable, at prices for securities of comparable maturity, credit quality and type. Valuations for bonds and notes are provided by independent bond-pricing services.

	•	Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, the fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

	•	Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value.

	•	Underlying funds: valued at their respective net asset values.

The three levels of the fair value hierarchy are as follows:


	•	Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities.

	•	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 fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


		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)		Total²

Asset-Backed Obligations¹		$—		$1,308,556		$—		$1,308,556
Commercial Mortgage Backed Securities¹		—		6,825,374		—		6,825,374
Corporate Bonds¹		—		87,498,755		—		87,498,755
Foreign Securities¹		—		18,269,400		—		18,269,400
Mortgage-Backed Securities¹		—		118,833,652		—		118,833,652
Municipal Bonds¹		—		3,958,497		—		3,958,497
U.S. Government and Government Agencies¹		—		208,101,621		—		208,101,621
Other Investment Company¹		324,543		—		—		324,543

Total		$324,543		$444,795,855		$—		$445,120,398


¹		As categorized in Portfolio Holdings.
²		The fund had no Other Financial Instruments.

REG64288MAR13

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, Marie Chandoha 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/ Marie Chandoha
		Marie Chandoha
		Chief Executive Officer

Date: May 21, 2013

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/ Marie Chandoha
		Marie Chandoha
		Chief Executive Officer

Date: May 21, 2013


By:		/s/ George Pereira
		George Pereira
		Principal Financial Officer

Date: May 21, 2013

1.		I have reviewed this report on Form N-Q of Schwab Strategic Trust;

2.		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.		Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.		The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: